The Business Times, 10 September 2011

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Microfilm: NL31620
Total Pages: 49
1 20 The Business Times
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  • TOP STORIES
    • Article, Illustration
      Lock icon Redas urges use of reserve list system to moderate land supply
      763 2  -  It is concerned about a potential oversupply situation in near term By Uma Shankari shankari@sph.com.sg Mindy Tan tanmindy@sph.com.sg Singapore THE Real Estate Developers Association of Singapore (Redas) yesterday called on the government to moderate future land supply by using
      763 words
    • Article
      Lock icon MARKETS
      140 2 H STI 2,825.10 (-31.80) H STI FUTURES 2,825.00 (-32.00) H SIMSCI 323.27 (-4.41) H SIMSCI FUTURES 322.60 (-5.00) STOCKS Friday Change KL COMP 1,469.12 -0.71 NIKKEI 225 8,737.66 -55.46 HANG SENG 19,866.63 -46.19 SET 1,062.37 -9.84 JAKARTA 3,998.50 -6.89 MANILA 4,346.07 -10.66 KOSPI 1,812.93 -33.71 SHENZHEN B 655.38 -1.87
      140 words
    • Article
      Lock icon BOA may slash 40,000 jobs as part of its restructuring
      379 4 Reuters AFP New York BANK of America Corp (BOA) officials have discussed slashing roughly 40,000 jobs during the first wave of a restructuring, The Wall Street Journal said, citing people familiar with the plans. The number of job cuts is
      Reuters; AFP  -  379 words
    • Article, Illustration
      Lock icon Obama changes the subject from deficits to jobs
      764 4  -  commentary| Vikram Khanna vikram@sph.com.sg Associate Editor THE US$447 billion American Jobs Act proposed by US President Barack Obama in a rousing address to the US Congress on Thursday turned out bigger and bolder than most had bargained for. Even though it hasn’t
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    • Article
      Lock icon How one day changed a whole decade
      1318 6  -  By Joyce Hooi j oyce h @s p h .co m .sg Singapore TEN years ago, terrorists launched themselves at the jugular of America the cobblestoned artery of capitalism that was Wall Street and drew blood. As the South Tower of the World
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    • Article, Illustration
      Lock icon The twilight of America
      817 8  -  commentary| Joyce Hooi Reporter ~joyceh@sph.com.sg FOR a 16-year-old to use a landline to reach another 16-year-old in order to say “Turn on CNN.Now”,twothingsmusthappen. It has to be 2001, and someone has to fly a plane into a building. As I struggled to understand what my friend
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      62 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Shopping L2-5 Dining L6-8 Clipper race L9 Design L10-11
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      Lock icon Page 3 Advertisements Column 1
      106 3 FRANCK MULLER BOUTIQUE SINGAPORE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 MELBOURNE 119 COLLINS STREET (613) 9650 0288 JAKARTA PLAZA INDONESIA (6221) 310 7608 BANGKOK SIAM PARAGON (662) 610 9423 AUTHORISED RETAILERS SINGAPORE SINCERE FINE WATCHES NGEE ANN CITY (65) 6733
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      Lock icon Page 4 Advertisements Column 1
      171 4 New Zealand Relocation and Investment Forum New Zealand cities consistently rank amongst the top cities in the world to live in, the easiest place in the world to start a business and the top ranked country for investor protection. There are now new opportunities for high net worth business people
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      193 5 THE STRAITS TIMES. 1* •M 4? u u Print. STRAITS TIMES. ($24.65 per month) A *v Online yj. ST Online ($26.65 per month) iPad/iPhone. App (US$27.99 per month* (est. $35 per month) We're fetching you an All-in-One news experience for just $2 more. •R month. •in# it JSTR A •1V«
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      Lock icon Page 6 Advertisements Column 1
      194 6 www.sgmsc.com NEWGENERATION CARDIACMRI IMAGINGTECHNOLOGY Centre for Medical Imaging is the first in Asia to install the new generation Siemens Magnetom Aera 1.5 Tesla MRI machine with the latest Cardiac MRI imaging technology. With no X-ray radiation involved, it can provide information on heart arteries, heart valve function, heart muscle function
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      Lock icon Page 7 Advertisements Column 1
      178 7 2 1 J' J T > I LLET APPY Bal t Students us so Claire and Cheryl Heng, 10 and 9, Looking at Claire and Cheryl joyfully perform their ballet routine, you would never have suspected they have gone through difficult times at home. Despite having endured a highly emotional
      178 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Sept 5-9, 2011
      • Article
        Lock icon Desperately seeking a way out of the jobless jungle
        69 9 AFTER a dismal August, in which the US failed to create any new jobs, one man and his plan could decide how bleak the future will be. The worry is whether President Barack Obama and his European counterparts can lift their
        69 words
      • Article
        Lock icon Shared offices for little – and ideas for free
        60 9 Shared offices for little and ideas for free A VARIATION of the serviced office concept has surfaced in the last two years to growing popularity among the start-up community here. There are now at least five operators of shared offices, called “co-working spaces”, where entrepreneurs can swap ideas with kindred
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      • Article
        Lock icon Torrent of bad news as markets fear the worst
        80 9 STOCKS across Asia and Europe slumped on Monday amid a slew of bad news, reinforcing fears that the world’s biggest economies are sliding back into recession. Shares of export-oriented firms across Asia were hammered, after the monthly US employment report last
        80 words
      • Article
        Lock icon Blue chips’ target prices take a big hit
        45 9 THE proverbial falling knife in the stock market has landed on target prices for local shares. Analysts are makingsignificantcuts –particularly for banking, property, and shipping and offshore counters as the economic outlook grows murkier by the day.
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      • Article, Illustration
        Lock icon Asia in line of fire as the West takes a hit
        94 9 THE world’s biggest economies have slowed to a crawl and any new shocks could tip them into a recession that would hurt Asia, Deputy Prime Minister Tharman Shanmugaratnam said yesterday. World Bank president Robert Zoellick said that a new
        BLOOMBERG  -  94 words
      • Article
        Lock icon Funds see bargains in Asia as stock prices fall
        64 9 ALTHOUGH murmurs of another recession in the US and Europe have made for choppy trading in equities of late, fund managers are turning bullish on Asian stocks and seeing buying opportunities. Major Asian benchmark indices started lower on the back of
        64 words
      • Article
        Lock icon S’pore growth forecasts cut as headwinds blow
        63 9 WITH the mounting uncertainty in the United States and Europe, economists are lowering their growth forecasts for Singapore and are also expecting inflation to edge higher. They have cut their 2011 GDP growth projections to 5.3 per cent from 6.2 per cent, according
        63 words
      • Article
        Lock icon Markets cheer German court ruling on bailouts
        55 9 EUROPEAN stock markets rallied sharply and the euro stabilised on Tuesday after the German Constitutional Court rejected lawsuits aimed at blocking German bailouts of Greece, Portugal, Spain and possibly Italy. But the court ruled that the German government must seek approval from Parliament’s
        55 words
      • Article
        Lock icon S’pore investors sue in US over doomed Pinnacle Notes
        92 9 A LAWSUIT involving allegations that Morgan Stanley Co Inc sold riggedPinnacleNotesas“safe, conservative” products to a group of Singaporean investors including the oldest credit cooperative, costing them US$154.7 million in investment losses, is making its way through federal court in Manhattan. A
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      • Article
        Lock icon RB Capital seeks muscle with listing plan
        54 9 A LOCAL group with colourful connections and growing ambitions plans to list property assets worth $1.5-2 billion on the Singapore Exchange in the next 12-18 months. The move is aimed at propelling RB Capital Group to its next level of growth, its CEO,
        54 words
    • Article
      Lock icon NEXT WEEK Sept 12-16, ’11
      79 9 US DATA Sept 13 Aug export/import prices Sept 14 Aug PPI Aug retail sales Sept 15 Aug consumer price index SINGAPORE DATA Sept 15 July retail sales and food and beverage services indices Sept 16 Aug merchandise trade EVENTS Sept 13 First public hearing of
      79 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      315 9 CRYPTIC CROSSWORD Across 1 A fault not long showing up (11) 9 Awfully repulsive —-crush (9) 10 Restrictions for members in clubs (5) 11 How’s that for charm? (6) 12 Take out file and look for one with a non-hereditary entitlement (4,4) 13 Road-works in order (6) 15 Expedition to
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      16 9 SATURDAY with Ludwig ‘You may check my Facebook account to find out more about my strengths...’
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The life-skills salesman
      2211 10/11  -  Motivational speaker Shiv Khera is a master of the soundbite and the art of selling. By Vikram Khanna vikram@sph.com.sg ‘WINNERS don’t do different things. They do things differently.” Splashed on the cover of Shiv Khera’s bestseller, You Can Win, this is probably his most quoted quote. DescribedinWikipediaasa“motivational
      ARTHUR LEE  -  2,211 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Henderson Land sells $200m inaugural bonds
      424 12  -  It is fifth Hong Kong issuance this year in Singapore’s debt market By Siow Li Sen lisen@sph.com.sg Singapore YET another Hong Kong tycoon has turned to the local bond market to raise funds. Yesterday, Henderson Land founded by Lee Shau Kee, Hong Kong’s third
      BLOOMBERG  -  424 words
    • Article
      Lock icon Global liquidity crunch may hit banks here: CIMB
      389 12  -  By Conrad Tan conradt@sph.com.sg Singapore THE crisis in Europe is threatening to develop into a global liquidity squeeze that could hurt banks here in the short term. “What started out as fears that European banks have insufficient capital to cope with sovereign
      389 words
    • Article
      Lock icon GLP eyeing 100b yen IPO for Japan assets?
      254 12 Reuters Tokyo SINGAPORE’S Global Logistic Properties (GLP) is planning an initial public offering of its Japanese assets that could raise at least 100 billion yen (S$1.6 billion) in the first IPO for a real estate trust in Japan in five years, three
      Reuters  -  254 words
    • Article
      Lock icon Asia ex-Japan submarine cables worth US$11-21 billion: Nomura
      415 12  -  By Kelly Tay kellytay@sph.com.sg Singapore THERE may indeed be buried treasure under the sea: Asia ex-Japan submarine cables could be worth anywhere from US$11 billion to US$21 billion, said Nomura Equity Research in its latest report on Asia telecoms. The cables’ average
      415 words
    • Article
      Lock icon More than just the Big Four
      472 13  -  Accounting sector discusses fast-changing landscape of auditing By Lynn Kan lynnkan@sph.com.sg Singapore IF auditing firms have to be accredited before they can look into the finances of public-interest entities (PIE) such as charities and listed companies, it may in effect limit the segment to
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    • Article
      Lock icon Directors have some ability in market timing: Citi
      311 13  -  By Jamie Lee leejamie@sph.com.sg Singapore THE fury at which company directors in the UK and Europe are snapping up company shares could indicate that the markets have hit bottom, a Citi Investment Research note said. But this comes with a caveat: On
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    • Article
      Lock icon Tiger’s August load factor down 22% yoy
      246 13  -  By Nisha Ramchandani nishar@sph.com.sg Singapore BUDGET carrier Tiger Airways saw its operating figures for August take a hit, due partly to the grounding of its operations Down Under. For the month of August, Tiger Airways carried 344,000 passengers, down 22 per cent year-on-year
      246 words
    • Article
      Lock icon ThaiBev to buy PepsiCo’s Serm Suk stake
      447 14 ThaiBev board gives unit approval to acquire 100% of Thai bottler Reuters Bangkok PEPSICO Inc plans to sell its 42 per cent stake in Thai bottler Serm Suk to Thailand’s largest brewer and distiller in a US$513 million deal that shakes up the
      Reuters  -  447 words
    • Article, Illustration
      Lock icon Transcu in restructuring deal with its CEO’s company
      447 14  -  By Carine Lee carinel@sph.com.sg Singapore TRANSCU Group Limited, plagued by working capital shortfall, has entered into a restructuring agreement with Forest Pine Holdings Inc, a company owned by its chief executive officer and controlling shareholder Akihiko Matsumura, the mainboard-list-ed company revealed yesterday.
      447 words
    • Article
      Lock icon Otto Marine wins 2 newbuild orders worth US$77m
      322 14  -  By Lynn Kan lynnkan@sph.com.sg Singapore ORDER wins for Otto Marine have broken the spell of bad luck that has plagued the offshore supply vessels (OSV) builder this year. It announced yesterday a contract for two 12,000 brake horsepower (bhp) anchor handlers for
      322 words
    • Article
      Lock icon Popular Q1 net profit up 25.3%
      242 14  -  By Nisha Ramchandani nishar@sph.com.sg Singapore BOOSTED by contributions from its property development division, Popular Holdings posted a net profit of $10.22 million for the first quarter ended July 31, up 25.3 per cent from the corresponding quarter a year ago. Turnover rose by 16.5
      242 words
    • Article, Illustration
      Lock icon Global uncertainty keeps market on short leash
      555 15  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent PERHAPS the most apparent feature of this week’s trading in the local stock market has been the application of the maxim “buy in anticipation, sell on news”, a maxim that resulted in the Straits Times Index rising
      555 words
    • Article
      Lock icon TOP GAINERS
      64 15 BY CENTS CLOSE UP GLD 10US$ ***** 605.5 2.8 DBXT S&P500 10US$ 1870 70.8 3.2 DBXT S&P Short 10US$ 4572 63.5 1.2 DBXT MSTaiwan 10US$ 1741 62.3 3.0 DBXT AUDMM 5AU$ ***** 56.9 0.2 DBXT MSTHAI 10US$ 1673 54.9 2.8 SIA.ES.1109 1098 45.0 4.3 DBXT FTChina25 10US$ 2755
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    • Article
      Lock icon TOP LOSERS
      64 15 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -235.6 -1.7 DBXT E50 10US$ 3301 -102.5 -2.5 Lyxor EmergingMkts 1 975 -91.6 -7.1 IS S&P500 ***** -84.2 -0.6 Lyxor Europe 10 US$ 1103 -69.6 -4.9 Jardine C&C 4635 -65.0 -1.4 DBXT MSEurope 10US$ 3989 -53.7 -1.1 DBXT DBLCI-OY 5US$ 4284
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    • Article
      Lock icon SPDR Gold Trust sees Aug net outflow of US$1.7b
      372 15  -  By Jamie Lee leejamie@sph.com.sg Singapore THE world’s largest gold fund saw the biggest outflow among US exchange-traded funds (ETFs) last month, as investors started taking a greater shine to equities. The SPDR Gold Trust saw a net outflow of US$1.7 billion
      372 words
    • Article
      Lock icon PCCW to list telecoms trust in HK
      180 15 Reuters Hong Kong PCCW Ltd has received approval from the Hong Kong stock exchange to list its telecommunications asset in a business trust, in a deal that could be worth up to US$2 billion, IFR said yesterday. The company will start meeting investors
      Reuters  -  180 words
    • Article
      Lock icon TOP 20 ACTIVES
      111 15 VOL CLOSE GentingSP 201,717 170 1.0 0.6 ShengSiong 86,358 47 -1.5 -3.1 GoldenAgri 66,177 67 1.0 1.5 MDRR 47,029 0.1 0.0 0.0 Digiland 45,002 0.2 0.1 100.0 NobleGrp 38,721 160 -1.5 -0.9 HPHTrust US$ 33,646 68 0.0 0.0 WEHldgs 24,574 0.9 0.1 12.5 SingTel 19,907 311 -6.0
      111 words
    • Article
      Lock icon STI STOCKS
      112 15 Stock name Close Change CapMallsAsia 1.330 -0.015 CapitaLand 2.640 -0.070 CapitaMall 1.905 -0.025 CityDev 10.160 -0.140 ComfortDelGro 1.360 +0.010 DBS Grp 12.780 -0.250 F&N 5.750 -0.050 GLP 1.745 -0.035 Genting SP 1.700 +0.010 Golden Agri 0.670 +0.010 HK Land 5.630 -0.110 JMH 52.800 -0.020 JSH 29.400 -0.040 Jardine
      112 words
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      Lock icon Page 13 Advertisements Column 1
      78 13 -J YOUR PERFECT G ETA WAY p AWAITS YOU v MEETINGS SEMINARS TEAM BUILDINGS GOLF e-; l^Ql L:» 7 WW fe i wt w '1 >«£lH5 SOME OF THE ADDITIONAL BENEFITS AT SWISS-GARDEN GOLF RESORT SPA DAMAI LAUT Complimentary round of golf Complimentary non-motorized activities For more info, log on
      78 words
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      128 15 w MAT-3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DUCHESS INVESTMENT PTE. LTD. (In Members'Voluntary Liquidation) Co. Registration No. *****3966E NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.50, the Final Meeting of
      128 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon The changing face of wealth
      999 16  -  The balance of global wealth is moving to the emerging markets, and with it a fundamental shift in the social demographics of the world’s ultra-rich population from the desk of Olivier Gougeon Regional chief executive officer Asia Pacific Societe Generale Private Banking IN the last
      999 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon The Nassim units to be priced at $9-33m
      505 17  -  In Punggol, Sim Lian sells 350 units at A Treasure Trove, including 11 penthouses By Kalpana Rashiwala kalpana@sph.com.sg CAPITALAND has priced the 55 units at its The Nassim condo between $9 million and $33 milllion. The low-rise condo, on the former ANA
      505 words
    • Article
      Lock icon Visual-search firm Ave23 expands here
      412 17  -  LA-based Ave23.com enables its members to use photos to search buy identical items By Dolly Chia dchia@sph.com.sg A WEBSITE that lets you search and buy your favourite celebrity’s outfit without even typing a word will launch its Asian expansion from Singapore after opening an office
      412 words
    • Article, Illustration
      Lock icon Firms pledge mediation first
      376 18  -  26 companies including McDonald’s, SPH, GIC sign Singapore Mediation Charter By Stephanie Riady sriady@sph.com.sg AS companies in Singapore seek to grow, they are bound to step on each other’s toes and many end up taking their disputes to an expensive and messy outing in court. But
      376 words
    • Article, Illustration
      Lock icon Student in the fast lane
      319 18  -  Gears, colour win him first place in contest By Michelle Yeo michyeo@sph.com.sg A SERIES of overlapping gears in a flaming red and black design, created by design student Chong Lii, has clinched the SC Global Racing Art Car design challenge. The design challenge, jointly organised
      JOHN HENG  -  319 words
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      Lock icon Page 18 Advertisements Column 1
      64 18 A [SATS RECRUIT «> I Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! Architects 61 is looking for Project Architects MSD has a position open for a Product Manager Cathay Pacific has a vacancy for a Component Engineer Senoko Energy
      64 words
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  • WORLD
    • Article
      Lock icon Jitters as top ECB economist quits
      528 19 Markets dive, fearing deep policy divisions in fixing Europe’s problems AFP AP Frankfurt EUROPEAN Central Bank chief economist Juergen Stark resigned in a shock announcement yesterday, sending the euro and European stock markets into freefall as fears about the debt crisis deepened. In a
      AFP; AP  -  528 words
    • Article, Illustration
      Lock icon Developed nations looking to restore growth
      522 19 AP Bloomberg Marseille THE financial leaders of the world’s most developed economies were wrangling yesterday over how to revive a faltering economic recovery at a time when interest rates are already low and government debt is high. The Group of Seven economies the US,
      AP; Bloomberg; BLOOMBERG  -  522 words
    • Article
      Lock icon US on alert after credible 9/11 bomb threat
      445 19 AFP New York HEAVILY armed police were on alert in and around New York City yesterday after US officials warned of a “credible” but unconfirmed bomb threat around the 10th anniversary of the 9/11 attacks tomorrow. US media reported that the suspected
      AFP  -  445 words
    • Article
      Lock icon Eurozone faces hurdles, future uncertain
      557 20 Politicians are only marginally closer to solving euro’s woes NYT Paris WITH markets still volatile, and politicians only marginally closer to a solution of the euro’s troubles than they were two years ago, the future for the eurozone remains uncertain at best. Economists and financial
      NYT  -  557 words
    • Article, Illustration
      Lock icon Trichet loses cool on deutsche mark query
      430 20 Bloomberg London ALMOST 13 years after its demise, the deutsche mark retains enough potency to haunt Jean-Claude Trichet’s final days as European Central Bank president. Mr Trichet, 68, lost his cool on Thursday with a reporter who asked whether Germany should abandon the
      Bloomberg; BLOOMBERG  -  430 words
    • Article
      Lock icon Focus on minorities after Sime’s E&O deal
      745 21  -  Share purchases by E&O chairman before the deal put regulator in awkward position By S Jayasankaran btworld@sph.com.sg Kuala Lumpur QUESTIONS are being raised over the treatment of minority shareholders of Eastern Oriental (E&O) after Sime Darby’s recent purchase of a 30 per cent
      745 words
    • Article, Illustration
      Lock icon Japan’s economy contracts by more than initial estimate
      417 21 Latest numbers underline damage from quake disaster AP Tokyo JAPAN’S economy contracted the April-June quarter at an annual rate of 2.1 per cent, worse than the initial estimate, the government said yesterday, underlining the damage from the March earthquake disaster. The Cabinet
      AP; BLOOMBERG  -  417 words
    • Article
      Lock icon China’s inflation in August slows to 6.2%
      549 22 But analysts say central bank is far from easing policy Reuters Beijing CHINA’S inflation pulled back in August from a three-year high while economic activity slowed, underlining expectations that the central bank can hold off on further tightening of monetary policy in the
      Reuters  -  549 words
    • Article, Illustration
      Lock icon Austerity measures may hurt recovery: Bernanke
      469 22 Bloomberg Washington FEDERAL Reserve chairman Ben Bernanke warned that quick deficit reduction may hurt the recovery and said that the central bank this month will consider steps to bolster growth and spur hiring. “A substantial fiscal consolidation in the shorter term could add to
      Bloomberg; BLOOMBERG  -  469 words
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  • SGX
    • Article
      Lock icon SGX CATALIST
      9697 26 Transaction date: Sep 9 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 $mil 21 12 8Telecom 13 11 14.7 7.8 4.7 2.7 62.3 9.5 4.5 A-Sonic 5 4.9 5 2.6 1.9 35.8 62.5 44.5
      9,697 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 2 0 0 0 3 9 2 Manufacturing 36 53 42 3 4 3 39 57 45 Commerce 14 23 21 7 3 1 21 26 22 Tpt/Stor/Comms 16 16 8
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      822 26 For week beginning Sep 5 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Inno-Pacific Hldgs 8-Sep-11 Dragon Seed Resources SA *****0 na 0 0.00 *****0 12.49 Eunetworks Grp Ltd 8-Sep-11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,046 21,046 85,376 85,376 Manufacturing 145,046 9,892 154,938 135,874 180 136,054 Commerce 209,369 26,991 236,360 139,307 860 140,166 Tpt/Stor/Comms 115,048 1,689 116,737 171,479 117 171,596 Finance 15,218 50 15,268 126,869 11 126,880 Construction 22,008 5,837
      119 words
    • Article
      Lock icon OIL
      75 27 Sep 8 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 115.12 0.35 WTI (Near Mth) 88.76 -0.47 Dubai (1-Mth F) 110.07 2.01 Tapis blend 123.84 2.06 Minas 117.89 1.36 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.39 1.17 Jet Kerosene 127.50 0.86 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Sep 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.317 1.255 Can dollar 1.252 1.204 Euro 1.722 1.656 Sterling pound 1.976 1.9 NZ dollar 1.042 0.993 US dollar 1.231 1.184 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      79 27 Sep 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 08.12.2011 0.18 1-Year BY*****X 02.05.2012 0.20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.75 5-Year N*****0W 1.125 01.04.2016 102.84 103.05 103 10-Year NX*****X
      79 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Sep 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2926 1.2938 1.0589 1.0590 Canadian dollar 1.2330 1.2350 1.0101 1.0109 Euro 1.6921 1.6938 1.3862 1.3864 NZ dollar 1.0161 1.0176 0.8324 0.8329 Sterling pound 1.9482 1.9502 1.5960 1.5963
      154 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      88 27 YTD change:-11.44% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,680.83 on Aug 22,2011 Source: Bloomberg YTD change:-13.76% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,868.10 on Aug 9,2011 Source: Bloomberg YTD change: -2.43% 52-week high: 12,876.00 on May 2,2011 52-week low: 10,386.60 on Sept 9,2010 (Chart
      Source: Bloomberg  -  88 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      104 27 As on 8 September 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 OCT-11 1833.70 1830.30 1832.00 1815.2 Silver DEC-11 42.560 41.760 42.235 41.645 CURRENCY GBP-US Dollar SEP-11 1.5977 1.5939 1.5969 1.5985 Euro-US
      104 words
    • Article
      Lock icon METALS
      67 27 Sep 9 GOLD (US$/oz) Sep 09 Sep 08 Hong Kong 1883.*****4.00 Sep 08 Sep 07 London 1856.*****7.14 1857.*****9.86 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 51.97 51.93 Source: UOB PLATINUM Lon (US$/oz) Sep 08 Close Previous PM Fix 1848.*****2.00 AM Fix 1834.*****7.00 Source: Thomson Reuters PLATINUM NYMEX
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      Lock icon LIFFE
      82 27 Sep 8 COCOA (£/tonne) Close Prev High/Low Sep 11 1815 1850 1841/1815 Dec 11 1861 1891 1884/1860 Mar 12 1888 1916 1905/1886 May 12 1902 1929 1916/1901 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2189 2134 2139/2127 Nov 11 2219 2173 2220/2140 Jan 12 2242 2198 2242/2167 Mar 12
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      Lock icon PALM OIL
      67 27 Sep 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3140 3130 3140 3120 380 1709 Oct 11 3085 3087 3100 3079 1658 ***** Nov 11 3039 3050 3060 3033 7895 ***** Dec 11 3033 3039
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      Lock icon CHICAGO BOT
      93 27 Sep 8 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 11 1407.*****1.*****2.*****2.50 Nov 11 1418.*****0.*****5.*****0.00 Jan 12 1428.*****1.*****6.*****2.00 Mar 12 1434.*****7.*****0.*****9.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Sep 11 57.82 58.18 58.11 57.65 Oct 11 57.95 58.30 58.39 57.68 Dec 11 58.33 58.67 58.78
      93 words
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 8 Index Change Change Change Change Change Change World Index Preliminary 810.2 0.3 -9.7 0.6 -12.9 0.4 -8.0 ‡EAFE Preliminary 673.5 0.4 -15.9 0.7 -17.0 0.5 -12.3 Europe Preliminary 979.5 0.5
      374 words
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      Lock icon LONDON METALS
      72 27 Sep 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2386.00 2369.75 3 months 2420.00 2404.00 Copper, Grade A (US$/tonne) Cash 9096.25 9073.50 3 months 9115.00 9092.00 Lead (US$/tonne) Cash 2508.75 2434.00 3 months 2490.00 2415.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Remembering September nth
      1015 28 / 29  -  When a catastrophe of this magnitude claims or directly touches the lives of people we know, it brings a sense of the precariousness of our own existence, but also, a greater readiness to appreciate the good things. By John Gee By John Gee The writer has been
      REUTERS  -  1,015 words
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      Lock icon 10 years on, courage and loss not forgotten
      844 28 / 29  -  By Michael Dee ON the evening of Sept 11, 2001, as my wife Shelly and I were in the car ready to go out for dinner, my mother called us from Florida to tell us to turn on CNN as a small
      844 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Keeping its glitter for now
        1568 30 / 31  -  Gold is vulnerable to a correction but the trend is likely to remain up as global interest rates remain low and scepticism about paper currencies remains high Shane Oliver AMP Capital Investors ~The writer is head of investment strategy and chief economist, AMP Capital Investors
        Source: Global Financial Data, AMP Capital Investors; Source: Global Financial Data, AMP Capita1 Investors; Source: Thompson Financial, AMP Capital investors; PHOTO: AP  -  1,568 words
      • BROKERS’ TAKE
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          Lock icon China Shipyards
          281 30 / 31 DBS Vickers Research Sept 9 BALTIC Dry Index (BDI) rebound unlikely to be sustained. The BDI had rebounded about 500 points to 1,782 since mid-August, a year-to-date high. The strong rebound was driven by capesize demand for iron ore and coal shipments from Brazil and Australia to China.
          281 words
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          Lock icon Commodities
          423 30 / 31  -  Underweight CIMB Research Sept 9 Compiled by Jamie Lee Q2 2011 results hint at soft patch ahead. Midstream commodity supply chain players Mewah, Noble and Olam disappointed during the Q2 2011 results season. Non-core gains masked weak core profits and boosted headline numbers. Economically sensitive commodities have started to
          423 words
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        Lock icon No more money, please
        1103 32  -  Flourishing and attracting assets at a fast pace, some small and mid-size hedge funds are saying no to new investors rather than risk their returns. By Azam Ahmed By Azam Ahmed NYT SINCEthefinancialcrisis, big hedge funds such as Paulson Co, Millennium Management and Och-Ziff Capital Management
        NYT; BLOOMBERG  -  1,103 words
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      Lock icon Every sector has its day in the sun
      996 33  -  There are merits to rotating one’s funds among the stock market’s various sectors show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder I HAD lunch with Singapore Exchange’s (SGX) head of securities Nels Friets last
      Source: Compiled by BT with data from Shareinvestor.com  -  996 words
    • WEALTH REAL ESTATE
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      41 36 M AUDEMARS PIGUET Le maitre de I'horlogerie depuis 1875 m k 91 m SSa x Ih s a. 1 I f n V 1 I <// i v i 1 ROYAL OAK EQUATION OF TIME For enquiries, Tel (65) 6238 6678 audemarspiguet.com
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      62 1 LivingBTTHEBUSINESSTIMESWEEKEND|SEPTEMBER10-*****1BTTHE BUSINESS TIMES WEEKEND SEPTEMBER 10-11 DINING Making it work L6-8 LUXURY WITH A CONSCIENCE Savvy social entrepreneurs eye the upmarket consumer L2-4 PHOTO: SAMSUI WOMAN DOORSTOPPER AT MOTHER AND CHILD FOOD Pimp my bubble tea L12 BT CORPORATE GOLF The long and short of it L17 MOTORING Dynamic Mini
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  • BT Living
    • SHOPPING
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        Lock icon Luxury with aupmarketconsumercrowd.ByDebbieYong conscience
        2423 2/3  -  Led by a handful of savvy social entrepreneurs, the growing local cottage industry eyes the upmarket consumer crowd. By Debbie Yong aupmarketconsumercrowd.ByDebbieYong By aupmarketconsumercrowd.ByDebbieYong Debbie Yong debyong@sph.com.sg LUXURY products made to last a long time and artisanal goods worth collecting are not quite what most people
        ARTHUR LEE  -  2,423 words
    • DRINK
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        Lock icon Suits him to a tea
        1063 5  -  Stephen Twining, 10th generation member of the storied teamaking family, shares his thoughts on, what else, but tea. By Natalie Koh By Natalie Koh natksl@sph.com.sg WHEN you think of tea as art, an image of a traditional Japanese tea ceremony immediately comes to mind. Yet
        1,063 words
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        Lock icon Bubbling over
        1240 12 / 13  -  With more new stores positioning tea infusions with chewy pearls as a lifestyle option, here’s a bubble wrap of the best places to hang out in to slake your thirst. By Natalie Koh By Natalie Koh natksl@sph.com.sg TEN years ago, it came, colonised Singapore and finally, sputtered its
        PHOTOS: ARTEASE, A-GAN TEA. WOOBBEE  -  1,240 words
      • Article, Illustration
        Lock icon A taste for the avant-garde
        651 12 / 13  -  By Geoffrey Eu btnews@sph.com.sg CHEF Janice Wong doesn’t believe in taking half measures. Instead, she pushes boundaries by creating exciting, innovative desserts at her progressive restaurant 2am: dessertbar and inviting diners to trust in her ability to make culinary magic. Four years after she opened
        651 words
    • DINING
      • Article, Illustration
        Lock icon Making it work
        2641 6/7  -  waveof chefs servin innovative prices is sweeping through the gastronomic capitals of Paris and London. Jaime Ee asks if local talents can do the same here and examines the tough challenges facing those who dare to try. culinary insight A behind-the-scenes look at the restaurant industry By
        2,641 words
    • KEPPEL CLIPPER ROUND THE WORLD
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        Lock icon Safe and sure
        723 9  -  The Singapore team did well to overcome a steering gear failure and take third place. By Vincent Wee By Vincent Wee IN spite of the pressures of ocean racing, the Keppel Corp-sponsored Singapore Clipper proved that it is possible to perform well without compromising on safety. The
        onEDITION  -  723 words
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        Lock icon Keppel contributes to Brazilian community
        240 9 BUILDING on its long and continuing presence in Brazil, Singapore Clipper sponsor Keppel Corp combined the Rio de Janeiro stopover of the Clipper fleet with its corporate social responsibility efforts in the country. Keppel FELS Brasil, together with its partners, on Thursday donated 80,000 reals
        240 words
    • DESIGN
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        Lock icon THE THINKER
        1499 10 / 11  -  With a signature intellectual style that emphasises the relationships between spaces, Ole Scheeren has made a dramatic impression on 21st century architecture. By Geoffrey Eu btworld@sph.com.sg ARCHITECT Ole Scheeren is connected and committed to Asia in more ways than one. He was just 21 when he arrived in
        OLE SCHEEREN BY WING SHYA ALL OTHER PHOTOS COPYRIGHT OF OMA  -  1,499 words
    • GADGETS
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        Lock icon 3D to go
        641 14  -  Add a new dimension to your snapshots, videos and games while on the move with portable 3D gizmos. By Christopher Lim limchris@sph.com.sg HTC Evo 3D, $895 (without contract) It was inevitable that 3D cameras would eventually find their way into mobile phones, but the big deal about
        641 words
    • HEALTH
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        Lock icon Steam away varicose veins
        820 15  -  A French company has come up with a new, less painful treatment for the condition. By Cheah Ui-Hoon uihoon@sph.com.sg ANEW “all in one” treatment which is less painful for sufferers of varicose veins may make its way to Asia soon if its inventors have their way.
        DR JOHN TAN  -  820 words
    • SPORT
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        Lock icon Raddy or not, mighty Jordan is up next
        602 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor IF ANYONE out there still thinks that Singapore has a chance of making the 2014 World Cup finals in Brazil, it’s time to pinch yourself. Now. It’s not going to happen, people. Not
        FILE PHOTO  -  602 words
      • Article, Illustration
        Lock icon Will The All Blacks flatter to deceive once again?
        789 16  -  touchdown with Andrew Leci Andrew Leci btnews@sph.com.sg GUESS what? New Zealand are the favourites to win this year’s Rugby World Cup, which it is hosting starting this weekend. No surprises there, really. The All Blacks are, and always have been, the
        789 words
    • BT CORPORATE GOLF LEAGUE 2011
      • Article
        Lock icon The long and short of it
        381 17  -  Seletar Country Club’s championship Seletar course poses its own unique set of challenges. By Justine Moss btnews@sph.com.sg WHEN the fourth round gets underway next week at the Seletar Country Club’s championship Seletar course, players can look forward to a course which plays long, according
        381 words
      • Article, Illustration
        Lock icon Team Audi still in with a shout
        387 17  -  By Justine Moss TEAM Audi, which consists of Roger Lee, Aloysius Lim, Fred Tan, Henry Lim, Michelle Cher, Klaus Borig, Angela Wong, Andrea Carl, Ricci Birchfield, and Jordi Zimmerer, are currently lying in fourth place on the league ladder at the midway point
        387 words
      • Article, Illustration
        Lock icon Quietly confident of doing well
        339 17  -  By Justine Moss AS well as a catchy team name, the SPH Sultans of Swing have also provided descriptions for their team members, says team captain Geoff Tan (handicap 15.4). “There’s Tony Mallek (14.3) our finance chief who’s great at counting bets; Mike Rich (13),
        339 words
    • MOTORING
      • Article, Illustration
        Lock icon An Italian recipe for excitement
        704 18  -  The famed circuit is best described as magical but going 53 laps around it will not be easy. f1 watch By Samuel Ee samuelee@sph.com.sg SEBASTIAN Vettel’s return to the top step in Belgium two weeks ago marked the end of a three-race drought during which
        PHOTOS: AP, AFP  -  704 words
      • Article, Illustration
        Lock icon DYNAMIC MINI
        740 19  -  Its looks may not be everyone’s cup of tea but Mini’s John Cooper Works Coupé is immensely agile. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THERE is no doubt it is the fastest and most dynamic Mini ever but whether it is the prettiest depends a lot on
        740 words
      • Article, Illustration
        Lock icon MEGA MAKEOVER
        743 20  -  The Mégane RS Monaco GP Limited Edition benefits from upgraded performance and looks. By Samuel Ee samuelee@sph.com.sg ONE year after its introduction here, there is now a snazzier version of the Mégane Renault Sport with a long suffix the Mégane RS Monaco GP Limited Edition. Named after the
        743 words
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      955 4 wine&dine with BTWeekend Triple Three Mandarin Orchard Singapore, Level 5, 333 Orchard Road Z6831-6288 Named after the address of the hotel 333 Orchard Road, 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,
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      34 5 MATS CLASSIEIED Time to get a new home entertainment system rwi ftf -i To find out more, turn to CLASS 110 in I CATS Classified in The Straits Times now. BUY IT-SELL IT-FIND IT
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      70 9 Can Do! Singapore in first podium win Keppel congratulates the Singapore crew on achieving third position in Race 2 of the Clipper 11-12 Round the World Yacht Race. We celebrate your Can Do! spirit and passion, which continue to do Singapore proud. Keppel Corporation Limited 1 HarbourFront Avenue #18-01 Keppel
      70 words
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