The Business Times, 1 October 2011

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Total Pages: 48
1 20 The Business Times
  • 12 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg OCTOBER 1-2, 2011 S$1.00 MICA (P) 121/08/2011
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  • 37 1 SGX, LSE in joint bid for LME? HONG Kong reports say that the Singapore Exchange and its London counterpart are in talks about jointly bidding for the London Metal Exchange, worth some £1 billion. 2
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  • 35 1 Shell turns buyer in swaps market THIS follows the oil group’s shutdown of its Bukom hydrocracker, for safety reasons, followed by that of three crude distillation units, the backbone of its refinery. 3
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  • 25 1 Listed family businesses shine NEW Credit Suisse report finds that they outperform the broad market in seven out of 10 Asian economies. 4
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  • 25 1 Garden Hub firms sue govt THEY file suits after the Singapore Land Authority told them to vacate premises for breaching tenancy agreements. 6
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  • 1031 1  -  More home-owners are renting their premises to guests for a few days and several short-term home rental websites are setting up offices here to ride the wave By Debbie Yong debyong@sph.com.sg Singapore A NUMBER of homeowners here are opening up their homes for
    ARTHUR LEE  -  1,031 words
  • 346 1  -  By Carine Lee carinel@sph.com.sg Singapore THE Business Times celebrates its anniversary today, and to commemorate 35 years of being Singapore’s go-to financial daily, the paper is launching its weekend edition on Apple’s iPad. “We are delighted to mark our 35th anniversary with the launch
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  • TOP STORIES
    • 707 2  -  Reports about tie-up emerge after UK’s metals exchange says it is open to bids, in a turnaround from its long-held view that it is not available for sale. Consortium to face off with CME and IntercontinentalExchange, among others By Jamie Lee leejamie@sph.com.sg
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    • 640 3  -  Traders see prices of middle distillates such as kerosene and diesel staying firm By Ronnie Lim ronnie@sph.com.sg Singapore SHELL, usually a big seller of products such as diesel in Singapore’s swaps market, has turned buyer to help meet its customer commitments, traders told BT
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    • 416 4  -  Study shows large publicly listed family businesses outperforming broad market in majority of Asian countries, due to their stability and continuity in ownership and management to implement investment strategies to maximise value By Emilyn Yap emilyny@sph.com.sg Singapore NEVER underestimate the power of
      Source: Bloomberg, Credit Suisse  -  416 words
    • 581 6  -  Two companies sue over tenancy termination; SLA cites persistent breaches of agreements By Uma Shankari, Grace Leong shankari@sph.com.sg gleong@sph.com.sg Singapore THE two companies behind the Garden Hub development in Jalan Penjara have sued the government for terminating their tenancy. This is the
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    • 140 6 H STI 2,675.16 (-32.97) H STI FUTURES 2,673.00 (-35.00) H SIMSCI 308.21 (-3.25) H SIMSCI FUTURES 307.00 (-4.50) STOCKS Friday Change KL COMP 1,387.13 -0.33 NIKKEI 225 8,700.29 -0.94 HANG SENG 17,592.41 -418.65 SET 916.21 -10.00 JAKARTA 3,549.03 +11.85 MANILA 3,999.65 +122.02 KOSPI 1,769.65 +0.36 SHENZHEN B 553.42 +2.92
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    • 623 8  -  Business loans, which make up more than half of Sing-dollar bank loans, is the main driver for the increase over the month to $393.2b By Conrad Tan conradt@sph.com.sg Singapore BANK lending grew more quickly in August compared to July, as business loans
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  • Page 2 Advertisements
    • 97 2 Internationalism Innovation Independence We are a local international high school offering a six-year programme that prepares students for the IGCSE and the IB Diploma HCISOPENHOUSE2011 We offer admission to: Primary Six students who completed PSLE to join our Secondary One classes Secondary Three students with good academic results to join
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  • Page 3 Advertisements
    • 217 3 Beef Up Your Finances| Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings I MATS I j NOTICES Sj 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
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    • 131 3 MAT3 I NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ANDA INSURANCE BROKERS (S) PTE LTD (In Members'Voluntary Liquidation) Co. Registration No. *****3370E NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.50, the Final
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    • 140 3 ABOUT SAKE FOR A CAUSE ATohoku Earthquake Relief Charity Guest Speaker: Ms. Akiko Tomoda Price offered when registration done online with SFO discount code (in BOLD) Lunch: $150 SGD ($65 SGD), Dinner: $250 SGD ($95 SGD) with GST including 30 minutes lecture on sake basics by Ms. Tomoda Schedules 7
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  • Page 4 Advertisements
    • 54 4 A PARTNERSHIP THAT CARRIES MORE WEIGHT dnata From today, dnata Singapore will be the official cargo-handling partner for K-Mile Air, the esteemed cargo airline based in Thailand. We look forward to providing massive loads of world-class support for K-Mile Air as it takes flight across the region. For details, visit
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  • Page 5 Advertisements
    • 2678 5 thebusinesstimeswww.businesstimes.com.sg SEPTEMBER 17 18, 2011 S$1.00 MICA(P)121/08/2011 |weekendthe raffles conversat www.businesstimes.com.sg weekend WEALTH Manoeuvringvolatility 30-31 MOTORING FrankfurtMotorShow highlights L19 the raffles conversation CHEWGEKKHIM,EXECCHAIRMAN,STRAITSTRSTRAITSTRADING 10-11 singapore economy Exports jump 5.1% in AugSINGAPORE’SINGAPORE’S key non-oil domestic exportssprang a surprise51 sprang surprise 5.1 per cent year-on-yearrebound in Auust rebound August.| 2 sports hub
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  • Page 6 Advertisements
    • 62 6 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 Dining L2-5 Shopping L6-7 Travel L8-9 Personal Space L10-11
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  • Page 7 Advertisements
    • 226 7 THE STRAITS TIMES. Get the All-in-One news experience for just $2 more! With a newspaper subscription at $24.65* A per month, add $2 to enjoy our Online, iPad and iPhone editions. For a limited period only. I fflT- 7" STR A r V. 4 STEPS TO QUICK ACCESS: 1 Visit
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  • Page 8 Advertisements
    • 163 8 SINGAPORE —SWEEP— 1 ST PRIZE $2 SUPER SWEEP SNOWBALLED TO ,200,000 $500,000 $250,000 $1,300,000 2 nd PRIZE 3 rd PRIZE 1st Priie S2.2 Million 2mlPrijeSS00,O0» 0 Draw No. 1 B 10/2011 *A A CViUCal* W^jn^day^SOcwbjjMri Draw Date: L°A SS '«»S, 2nd Prized 3rd Prize S25Q,®W» r jlewouM>°(s DRAW ON WEDNESDAY,
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Sept 26-30, 2011
      • 54 9 MERGERS and acquisitions in the Singapore market have held up so far this year and the deal pipeline appears healthy, notwithstanding the growing concerns over the global economy. Year-to-date, the value of announced M&A transactions involving Singapore companies hit US$35.2 billion, up 33.3 per cent
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      • 67 9 EUROPEAN governments are exploring speeding the start of a permanent rescue fund for their cash-strapped economies amid fresh signs that they may bolster efforts to halt the worsening sovereign debt crisis. Senior finance officials will examine this week the cost advantages of setting up
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      • 45 9 THE IMF’s International Monetary and Finance Committee put itself in the driver’s seat on Saturday by promising leadership in the current financial crisis and to take “bold and coordinated” action to restore confidence and financial stability and rekindle global growth.
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      • 68 9 COMMODITY prices went on a roll-er-coaster ride in Asia on Monday, as investors vacillated between fear and hope over concerted efforts to contain Greece’s debt cri- sis and save Europe and the world economy from another recession. Oil fell to
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      • 69 9 UBS has managed to snare top banker Edmund Koh to run its Singapore private bank business. It’s a morale booster for the Swiss bank as it continues to deal with the fallout of its trading scandal. Mr Koh, meanwhile, was “shocked” but
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      • 51 9 THE government is nudging developers of industrial properties to increase the minimum sizes of their units, sources told BT. The minimum industrial unit size that the Urban Redevelopment Authority is likely to approve these days is around 90 square metres, or about 969 square
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      • 72 9 INVESTORS threw themselves back into equities and commodities on Tuesday, shunning safer havens such as US Treasuries as fears began to ease over Europe’s attempts to contain Greece’s debt crisis. Stock and commodity markets in Asia and Europe shrugged off the
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      • 37 9 IN what is probably the closest they will get to feeling poor, Singapore’s ultra-rich have spent the best part of the year watching the value of their listed company stakes plummet.
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      • 67 9 ANGELA Merkel won her toughest challenge yet as German chancellor by pushing through changes to a rescue fund for the eurozone debt crisis on Thursday without the humiliation of relying on opposition support. Stocks and the euro rose after Germany’s approval of the
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      • 47 9 THE Media Development Authority is getting out of the venture capital business. In a bid to yank up the productivity of the media industry, it is scrapping its co-funding investment schemes for media projects and offering grants instead.
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      • 52 9 PRICES of completed private apartments and condos (excluding small units) in the Central Region may well have peaked in May. The Singapore Residential Price Index for Central region (excluding small units) in August was down 2.08 per cent from its recent peak in
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      • 59 9 A BLAZE at Royal Dutch Shell’s Singapore refinery, its largest in the world, has prompted the firm to clear out employees and partially shut down facilities at its offshore complex. TOWERING INFERNO No fatalities have been reported but one firefighter sustained minor injury.
        SHARON TAN  -  59 words
    • 85 9 US DATA Oct 3 Aug construction spending Oct 7 Sept unemployment rate Oct 7 Aug wholesale inventories SINGAPORE DATA Oct 7 Sept international reserves EVENTS Oct 3 US Senate votes on China’s currency practices 2011 Nobel Prize for Physiology or Medicine Oct 4 US Federal
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  • Page 9 Miscellaneous
    • 303 9 CRYPTIC CROSSWORD Across 1 Room at the top? (8) 6 Contempt when party leader’s on platform (6) 9 Breaking a leg, has to play on without pause (6) 10 Sense there’s no alternative among the crew (8) 11 Drink, long and light (8) 12 Evelyn distributed smoothly (6) 13 Remedy
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    • 7 9 SATURDAY with Ludwig ‘My dad is offline
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  • THE RAFFLES CONVERSATION
    • 2303 10/11  -  Technology may be forging ahead, but the emotional bond sealed in handwriting makes the pen mightier, Montblanc CEO Lutz Bethge believes. By Jaime Ee jaime@sph.com.sg IF Lutz Bethge were to invent an aphorism, it might go like this: All creativity begins with the stroke of a pen. Of
      2,303 words

  • COMPANIES
    • 525 12  -  Aim is to have a soft drinks factory in every country in the region By Emilyn Yap emilyny@sph.com.sg Singapore THE food and beverage (F&B) arm of local conglomerate Fraser and Neave (F&N) is looking to ramp up sales in Asean to the
      LIANHE ZAOBAO  -  525 words
    • 538 12  -  By Jamie Lee leejamie@sph.com.sg Singapore THE Singapore market dropped a further 6.5 per cent in value in September to a 16-month low squeezed again by eurozone debt concerns. And the last quarter of the year looks set for further volatility, with some analysts having
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    • 258 12  -  B y Nisha Ramchandani nishar@sph.com.sg Singapore RAFFLES Education Corp’s subsidiary, Raffles K12, has accepted a letter of offer to acquire a piece of land in Johor Baru for some RM76.5 million (S$31.2 million) in its bid to expand into the international school
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    • 259 13  -  By Joyce Hooi joyceh@sph.com.sg Singapore NOL Group is installing its new chief executive officer three months early, while Sembcorp Marine welcomes a new independent director to its board today. Yesterday, NOL said Ng Yat Chung, the former Temasek Holdings executive brought on board
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    • 322 13  -  Stock market volatility continues to weigh on expectations B y Joyce Hooi joyceh@sph.com.sg Singapore WHILE the offshore firms’ contract-winning streak has continued, analysts have been rather measured with their cheer. Keppel Corp recently scored three conversion contracts worth $142 million in total, but RBS analyst
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    • 522 14  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent EUROPE’Sdebtprob-lemsthisweekwereagainthestock market’s central consideration, resulting in the Straits Times Index (STI) yo-yoing from one bailout announcement to the next. The latest of these came on Thursday when the STI reversed an early loss to close in the
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    • 111 14 VOL CLOSE GentingSP 109,659 154 -6.0 -3.8 HPHTrust US$ 102,118 67.5 5.2 6.3 GoldenAgri 67,448 61.5 -1.0 -1.6 NobleGrp 63,826 133 -7.5 -5.3 Yangzijiang 39,387 89 -4.0 -4.3 SingTel 36,876 318 1.0 0.3 NexGenSCom 26,876 1.4 -0.1 -6.7 TopGlobal 26,339 0.7 -0.2 -22.2 SembMar 23,388 325 -10.0
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    • 112 14 Stock name Close Change CapMallsAsia 1.220 +0.020 CapitaLand 2.470 -0.020 CapitaMall 1.830 -0.010 CityDev 9.590 -0.100 ComfortDelGro 1.310 -0.020 DBS Grp 11.840 -0.160 F&N 5.790 +0.030 GLP 1.655 +0.005 Genting SP 1.540 -0.060 Golden Agri 0.615 -0.010 HK Land 4.480 -0.170 JMH 45.900 -1.050 JSH 26.310 -0.140 Jardine
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    • 66 14 BY CENTS CLOSE UP DBS Bk 4.7% NCPS 100 ***** 109.0 1.0 Jardine C&C 4198 84.0 2.0 DBXT MSJAP 10US$ 3659 72.6 1.6 STXPO 100 858 64.0 8.1 DBXT S&P Short 10US$ 4655 48.0 0.8 Lyxor MS India 10US$ 1323 25.9 1.5 GLD 10US$ ***** 24.6 0.1 Lyxor
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    • 64 14 BY CENTS CLOSEDOWN JMH 4590 -136.1 -2.2 DBXT FTChina25 10US$ 2355 -123.2 -3.9 IS S&P500 ***** -107.6 -0.7 DBXT MSKorea 10US$ 4768 -75.2 -1.2 DBXT MSAsExJp 10US$ 2628 -62.2 -1.8 Hyflux 6% CPS 10 ***** -61.0 -0.6 Lyxor China H 10US$ 1129 -58.3 -3.8 DBXT MSTHAI 10US$ 1389
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    • 358 14  -  By Conrad Tan conradt@sph.com.sg Singapore DBS Group has sold its asset management unit to Japan’sNikko Asset Management (Nikko AM) for $137 million and acquired a stake in the enlarged asset manager. The deal will give DBS a 7.25 per cent equity stake in the enlarged asset
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    • 437 15  -  Listing by introduction expected to take place on Oct 18 By Uma Shankari shankari@sph.com.sg Singapore CAPITAMALLS ASIA (CMA) has received in-principle approval from the Stock Exchange of Hong Kong (HKEx) to list on its main board, CMA said yesterday. The listing is
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    • Business briefing
      • 110 15 MILLENNIUM Copthorne Hotels (M&C) has completed the acquisition of a site in Ginza, Tokyo its first investment to be made in the Japanese hotel market. Bought at a purchase price of 9.5 billion yen (S$160 million) from Cosmos Initia Co Ltd, the group
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      • 26 15 CHINESE shipbuilder Cosco Corporation (Singapore) has set up a two billion yuan (S$408 million) multicurrency medium-term note (MTN) programme.
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      • 43 15 M1 has launched two new mobile service plans just for clients and members of The Singapore Association for The Deaf to cater to the needs of the deaf and hard-of-hearing, with an emphasis on video calls and text messages.
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      • 70 15 GOLD miner LionGold Corp has proposed to issue new shares at 87.07 cents each as settlement of $2.2 million in fees owed to a law firm and geologists. It will issue about 2.49 million shares. About $1.2 million of the amount raised will
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  • Page 13 Advertisements
    • 38 13 FATIGUE? SLEEP ON WATER! Due to a lack of pressure pints, a waterbed gives relief to sore muscles by restoring healthy blood circulation. FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-1381
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    • 576 13 Seer Acquisitions in association with SQFT Global Properties introduces Spectrum at South Norwood The ideal investment Prices from £166,995 for apartments and £330,000 fortownhousesonly a 12-minute train ride from central London station London Bridge! Green Park Why do we think Spectrum is the ideal investment? Here at SQFT we only
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  • Page 14 Advertisements
    • 181 14 &^^}<<@,*-(+<{$&&&</;-=>!=({?-. RESEARCH FELLOWS AND ANALYSTS The Energy Studies Institute (ESI) is an autonomous multidisciplinary research institute established in NUS. ESI seeks to advance the understanding of energy issues by conducting independent research and analyses. Through our work, we seek to inform and raise the debate and address policy on energy
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  • Page 15 Advertisements
    • 103 15 POWERPAC INTERNATIONAL congratulates POWERPLUS GROUP for winning the Qflfipflj| pFlrfQ Award for the second consecutive year 'SINGAPORE SUSINi Ss li r jr. 9* li <iik 7* w 7 4W .a PDWERPAC Subsidiary Associate Company FUJI TIRES CORPORATION PTE LTD HERITAGE HOTEL PTE LTD Our Main Bankers: Commercial Bank cfEibank tf)oCBCBank
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  • FROM THE DESK OF
    • 785 16  -  The forces of technology and social media are reshaping political life around the world, and the old, Western-dominated order is unravelling from the desk of Barry Desker Barry Dean, S Rajaratnam School of International Studies (RSIS), Nanyang Technological University 2011will be remembered
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  • SINGAPORE
    • 486 17  -  Key changes include zero-rating for marine goods and services By Michelle Quah michquah@sph.com.sg THE finance ministry has accepted half of the 22 suggested changes to the draft Goods and Services Tax (GST) Amendment Bill, after a public consultation exercise conducted by the ministry
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    • 508 17  -  By Lee U-Wen leeuwen@sph.com.sg THE manner in which policies are formulated and implemented in future will have to change given how Singaporeans are now more educated and well-tra-velled than before, said former prime minister Lee Kuan Yew. But in doing so, it
      MUGILAN RAJASEGERAN/THE STRAITS TIMES  -  508 words
    • 326 17  -  By Dolly Chia dchia@sph.com.sg FOR its 10th anniversary, The Halia will not only offer a one-off 10-course wine-paired meal, it will also donate all the proceeds from the $1,000-per-head celebratory dinner to charity. The restaurant on Cluny Road haschosen The Little Arts Academy (LAA) as
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    • 368 18  -  He hopes flag states will as far as reasonable remain true to wording of the convention By Joyce Hooi joyceh@sph.com.sg PATRICK Phoon, president of the Singapore Shipping Association (SSA), urged the shipping industry in Singapore to get a headstart on understanding the requirements
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    • 579 18  -  CSS probe finds firms discussed raising new Indonesian maids’ pay By Grace Leong gleong@sph.com.sg THE Competition Commission of Singapore (CCS) slapped $152,563 in fines against 16 local employment agencies after finding they violated Singapore’s competition laws by colluding to fix the monthly salaries
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    • 312 18  -  By Winston Chai winstonc@sph.com.sg TIGER Airways is bleeding both talent and revenue after its wings were clipped in Australia. Beyond losing several top tives,theembattledbudgetcarrier has now warned of a sizeable loss for its July-September second quarter following a six-week
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  • Page 17 Advertisements
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  • WORLD
    • 563 19  -  It plans to delist Canadian copper producer’s shares from the Toronto Stock Exchange By Julie Zhu, Frederick Yeung bt wo rl d @s p h .co m .sg Hong Kong EJ Insight MINMETALS Resources Ltd, a Chinese state-owned metal and mineral trading firm, announced
      EJ Insight  -  563 words
    • 557 19 IBM’s market value increases to US$214b; it trails only Apple now Bloomberg New York INTERNATIONAL Business Machines Corp (IBM) passed Microsoft Corp to become the world’s second most valuable technology company, a reflection of industry changes including the shift away
      Bloomberg  -  557 words
    • 447 20 But no names mentioned in first report of raters Reuters Bloomberg Washington THE US Securities and Exchange Commission has found “apparent failures” at each of the 10 credit rating agencies that it examined, including Standard Poor’s and Moody’s, according to the government agency’s
      Reuters; Bloomberg  -  447 words
    • 561 20 It promises to make its new Timeline a vital part of your life AFP Washington FACEBOOK yesterday was to begin rolling out its biggest ever shake-up, in a move observers say will not only profoundly alter how its 800 million
      AFP; AP  -  561 words
    • 255 20 NYT New York BANK of America said on Thursday that it plans to start charging customers a US$5 monthly fee when they use their debit cards. It is one of several new charges expected to hit consumers as new US regulations crimp
      NYT  -  255 words
    • 548 21  -  LKYSPP roundtable panel discusses the role of microfinance and mobile banking in closing income and social gaps By Teh Shi Ning tshining@sph.com.sg Singapore NUMBERING the “banked” against more than one billion “unbanked” people in Asia is an inadequate measure of how effective provision
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    • 636 21  -  Govt to authorise a further 15t yen to finance market interventions By Anthony Rowley btworld@sph.com.sg Tokyo FRESH signs that Japan’s economic recovery is faltering has prompted Finance Minister Jun Azumi to warn yesterday that Japanese authorities are ready to intervene against the
      BLOOMBERG  -  636 words
    • 617 22 But there is little need to worry about a sharp slowdown, says HSBC economist Bloomberg Beijing A GAUGE of Chinese manufacturing shrank for a third month, the longest contraction since 2009, as measures of new orders and export demand declined. The reading of 49.9 for
      Bloomberg  -  617 words
  • Page 19 Advertisements
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  • Page 22 Advertisements
    • 45 22 PromotionPeriod:Saturday,October1toMonday,October31,2011 $35 per person* with a complimentary Summer Palace Signature dish at The Regent Singapore (Choose from Wok-fried Crocodile Asparagus with XO sauce, Stir-fried Black Pepper Scallop or Wasabi Prawns). EnjoyaWeekendsetlunch@ SummerPalace,TheRegentSingapore's award-winningCantoneserestaurant,iscelebratingTheBusinessTimes’s35thanniversary withanirresistibleofferof$35perpersonWeekendsetlunch,with acomplimentarydish(worth$42)fromSummerPalace'sSignatureselection. Address:TheRegentSingapore,AFourSeasonsHotel,1CuscadenRoad,Level3,Singapore*****5 *Minimum4todine.OnecomplimentarySignaturedishpergroupof4.Notvalidwithanyothercreditcardpromotions ordiscounts.Priceisnotinclusiveoftaxesorsurcharge.24-hradvancereservationrequired. Forreservations,pleasecallSummerPalaceat*****288/9or emailsummerpalace.rsn@fourseasons.com. THEBUSINESSTIMES th Anniversary Toenjoythisoffer,pleasepresentthisadtotherestaurant Diningdeals
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  • SGX
    • 9794 26 Transaction date: Sep 30 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 $mil 21 12 8Telecom 12.5 10.6 15.5 7.8 4.9 2.6 59.9 9.5 4.5 A-Sonic 4.7 4.5 5.5 2.8 1.7 33.6 62.5 45
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    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 8 5 0 0 0 2 8 5 Manufacturing 35 74 32 5 10 4 40 84 36 Commerce 8 34 10 2 3 3 10 37 13 Tpt/Stor/Comms 10 24 8
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    • 816 26 For week beginning Sep 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) ARA Asset Mgt Ltd 29-Sep-11 Lim Hwee Chiang Buy 1000 1.21 4211 0.55 5211 0.68 CMZ Hldgs
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    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN SDQ TOTAL Multi Ind 36,126 36,126 160,606 160,606 Manufacturing 185,831 21,938 207,769 247,913 216 248,129 Commerce 136,544 2,177 138,721 182,135 288 182,423 Tpt/Stor/Comms 233,265 4,170 237,435 308,336 543 308,878 Finance 30,282 10 30,292 293,987 2 293,989 Construction 22,325 27,442
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    • 81 27 Sep 29 COCOA (£/tonne) Close Prev High/Low Dec 11 1745 1730 1747/1714 Mar 12 1774 1760 1777/1745 May 12 1790 1778 1792/1761 Jul 12 1807 1794 1804/1782 COFFEE (US$/tonne) Close Prev High/Low Sep 11 1964 1955 Nov 11 1994 1985 1995/1965 Jan 12 2027 2019 2028/1998 Mar 12 2054
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    • 67 27 Sep 30 GOLD (US$/oz) Sep 28 Sep 30 Hong Kong 1659.*****4.00 Sep 29 Sep 28 London 1614.*****4.99 1615.*****6.71 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 40.85 40.04 Source: UOB PLATINUM Lon (US$/oz) Sep 29 Close Previous PM Fix 1530.*****6.00 AM Fix 1542.*****9.00 Source: Thomson Reuters PLATINUM /NYMEX
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    • 57 27 Sep 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 11 2960 2950 2966 2932 53 1641 Nov 11 2934 2915 2946 2919 1291 ***** Dec 11 2922 2898 2927 2903 7064 ***** Jan 12 2921 2903
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    • 79 27 Sep 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 29.12.2011 0.22 1-Year BY*****X 02.05.2012 0.21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.69 5-Year N*****0W 1.125 01.04.2016 102.64 102.78 102.78 10-Year NX*****X
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    • 154 27 Sep 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2627 1.2638 0.9739 0.9747 Canadian dollar 1.2421 1.2431 0.9580 0.9588 Euro 1.7535 1.7539 1.3525 1.3527 NZ dollar 0.9892 0.9903 0.7630 0.7638 Sterling pound 2.0189 2.0193 1.5572 1.5574
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    • 119 27 As on 29 September 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1637.00 1604.70 1620.00 1618 Silver DEC-11 31.440 29.750 29.980 30.13 CURRENCY US Dollar-Jap Yen DEC-11 76.82 76.36 76.57 76.37 Euro-US Dollar DEC-11 1.3674 1.3541 1.3556 1.3562 Aust-US Dollar DEC-11 0.9781
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    • 93 27 Sep 29 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 11 1230.*****3.*****8.*****9.25 Jan 12 1241.*****5.*****9.*****1.50 Mar 12 1249.*****3.*****7.*****9.25 May 12 1255.*****9.*****3.*****5.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Oct 11 51.63 51.55 52.15 50.78 Dec 11 51.95 51.76 52.39 51.00 Jan 12 52.22 52.02 52.64
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    • 75 27 Sep 29 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 105.05 -1.33 WTI (Near Mth) 82.29 1.10 Dubai (1-Mth F) 101.01 -1.85 Tapis blend 114.58 -2.03 Minas 107.58 -2.03 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.11 -0.33 Jet Kerosene 120.90 0.25 US$/barrel Opec Oil Basket Price
      75 words
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 29 Index Change Change Change Change Change Change World Index Preliminary 788.1 0.8 -12.2 1.1 -10.9 0.8 -11.7 ‡EAFE Preliminary 665.6 0.6 -16.9 0.9 -14.7 0.6 -15.4 Europe Preliminary 974.2 0.6
      374 words
    • 118 27 Sep 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.296 1.235 Can dollar 1.274 1.225 Euro 1.794 1.725 Sterling pound 2.061 1.982 NZ dollar 1.02 0.972 US dollar 1.316 1.266 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • 69 27 Sep 29 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2214.50 2201.25 3 months 2247.00 2235.00 Copper, Grade A (US$/tonne) Cash 7210.25 7230.75 3 months 7230.00 7251.00 Lead (US$/tonne) Cash 2038.50 2029.00 3 months 2020.00 2009.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article, Illustration
      89 27 YTD change:-16.14% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,627.24 on Sept 26,2011 Source: Bloomberg YTD change: -23.63% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 16,999.50 on Sept 26,2011 Source: Bloomberg YTD change: -3.66% 52-week high: 12,876.00 on May 2,2011 52-week low: 10,597.10 on Sept 22,2011
      Source: Bloomberg  -  89 words


  • PERSPECTIVE
    • 896 28  -  Public relations efforts through this channel would be considered a success if a company’s harshest critics become its advocates. By Brian Lee ~The writer is head of the Communication Programme, SIM University SOCIAL media, such as Facebook and Twitter, has changed our world in
      896 words
    • 779 28  -  By Paul Heng ~The writer is founder/managing director/executive coach at NeXT Career Consulting Group, Asia THE unusual thing about the outplacement industry is that it is one of the few that runs counter-cyclical to the state of the economy. When economies are buzzing
      779 words

  • Wealth
    • WEALTH INVESTING
      • 1378 30/31  -  Land-banking firm Walton says it’s not like scam-tainted firms and has never lost clients’ money. By Felda Chay feldac@@sph.com.sg IT’S been a year since landbanking firms in Singapore were brought to their knees following a widely publicised scandal where one company lost its
        1,378 words
      • BROKERS' TAKE
        • 398 30/31 Buy DMG Research Sept 30 Close: $0.35 LIAN Beng Group (LBG) is launching the sale of its freehold industrial building at Mandai and developing part of the plot of land for a workers’ dormitory. LBG, with an effective stake of 55 per cent in the Mandai property,
          398 words
        • 413 30/31  -  Compiled by Joyce Hooi Buy DBS Group Research Sept 30 Close: $1.22 MAIDEN venture into Suzhou. CMA has announced it is entering into a 50/50 joint venture with Suzhou Industrial Park Jinji Lake Urban Development Co Lts (SIPJUD) to develop and own a shopping mall with 250,000
          413 words
      • 718 32  -  Despite short-term downside of 15-20%, it offers outsized medium to long-term value. By Genevieve Cua gen@sph.com.sg THE luxury goods sector is set to outperform other equity segments in the medium to long term, says Nathalie Longuet, senior equity research analyst at Lombard Odier
        BLOOMBERG; Source: Datastream and Lombard Odier estimates  -  718 words
      • 1238 33  -  Our future depends on success in politics that is, in the quality of future ‘governance’, says economist show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder LAST week, we talked about the hegemony of economics in all facets
        LUDWIG ILLIO  -  1,238 words
    • WEALTH REAL ESTATE





  • Page 36 Advertisements
    • 102 36 iUDEMARS PlGUET Lc maitre de I'horlogerie depuis 1875 iN-' > X If j]T|ijj|'iiiW»i»WOiii». I,,, •fit** Am V I w 60 iirnii in WjBl ii im #b >77 ss8® y/7 a :o >✓. o J; 9 O o 5£ PlGlfe 8 WM i O EM 88 X o ■C m Ui
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  • Page 1 Advertisements
    • 48 1 LivingTHEBUSINESSTIMESWEEKEND|OCTOBER1-*****BTTHE BUSINESS TIMES WEEKEND OCTOBER 1-2 2011 SHOPPING Cult cosmetics L6-7 FAVOURITES WITH A TWIST Familiar foods delivered differently PERSONAL SPACE Club house L10-11 GADGETS Fresh slates L14 WATCHES Time will tell L12-13 TRAVEL Northern exposure L8-9 PHOTO: O MY DOG MOTORING High 5 for the M5 L20
      48 words

  • BT Living
    • DINING
      • 27 2/3 Good pasta, great pizza, hot dogs and chocolate. BT Weekend surveys five new establishments dishing up familiar favourites in a different way.
        27 words
      • 692 2/3  -  By Melissa Lwee-Ramsay mellwee@sph.com.sg Open Door Policy 19 Yong Siak Street (Yong Siak View) Z6221-9307 www.odpsingapore.com TIONG Bahru may be the site du jour for quirky lifestyle concepts that boast more grungey attitude than luxe sophistication, but the new presence of a celebrity chef is likely to
        692 words
      • Article, Illustration
        787 2/3  -  By Melissa Lwee-Ramsay Slice #01-05, PoMo, 1 Selegie Rd Z 6297-5875 (office) THE general impression about fast food is that, if it’squick,itcanneitherbefreshnor beofparticularly good quality. Which opens the market for fast food providers who can break that stereotype and offer food that is fast, yet good. Enter
        787 words
      • Article, Illustration
        564 2/3  -  By Melissa Lwee-Ramsay O My Dog #03-31/32, Great World City, 1 Kim Seng Promenade Z6235-0644 BURGERS, pizza, fried chicken you name it and these fast food favourites can be found in myriad interpretations anywhere you go in Singapore. The humble hot dog, though, is another story. Limited to
        564 words
      • Article, Illustration
        594 4  -  By Geoffrey Eu btnews@sph.com.sg Wimbly Lu 15-2 Jalan Riang, Singapore *****7 Z6289-1489 www.wimblylu.com WIMBLY Lu is just like one of those places you might stumble across while driving through a small town in California or New England. The fact that this just-opened chocolatier-and-café can be found in a lovingly-converted
        594 words
      • 548 4  -  By Melissa Lwee-Ramsay Extra Virgin Pizza #01-04, 8 Marina View Asia Square Tower 1 Z6338-8035 WHEN the pizza bug bites, two choices follow: do you want to call for a delivery or do you fork out a premium for a gourmet version at a full service Italian restaurant?
        548 words
      • 1031 5  -  Two renowned Australian coffee bar chains open outposts in Singapore. By Debbie Yong Brunetti Singapore 163 Tanglin Road, #01-35, Tanglin Mall Z6733-9088 Open 9am to 10pm daily THOUGH the the coffee joint is touted as an icon in Australia, Brunetti is as Italian as it gets.
        YEN MENG JIIN  -  1,031 words
    • SHOPPING
      • 1454 6 / 7  -  A well-known US beauty brand has already arrived and two others will be making their appearance here by year-end. By Debbie Yong debyong@sph.com.sg Au naturel Lush IT’S back. Lush, the cosmetics brand known for handmade soaps so fragrant that you often smell a store before you see it,
        1,454 words
    • TRAVEL
      • 1653 8 / 9  -  Arctic landscaes Haunting landscapes await visitors to the fishing communities in Norway’s stunning Lofoten islands. By Joyceline Tully btnews@sph.com.sg THE fjords spread out like shimmering glass sheets, their intense blue and peace interrupted only by the craggy peaks that soar alongside, and the occasional speedboat. The latter is
        XXLOFOTEN; MAIN PHOTO BY ANDREA GIUBELLI/WWW.VISITNORWAY.COM OTHER PHOTOS COURTESY OF WWW.VISITNORWAY.COM  -  1,653 words
    • HOME & GARDEN
      • 1131 10 / 11  -  Alan Smith’s job requires him to move house often but the family expects there’ll be tears when they leave S’pore.By personal space S’pore.By Geoffrey Eu btnews@sph.com.sg DESPITE moving six times in the last 16 years to cities such as Vienna, Warsaw, Belfast and, more recently, Singapore,
        PHOTOS BY YEN MENG JIIN  -  1,131 words
    • WATCHES
      • Article, Illustration
        902 12 / 13  -  Montblanc is into watchmaking for the long term, its CEO stresses. By Jaime Ee jaime@sph.com.sg THE question has always been uppermost on the minds of those contemplating buying a watch from Montblanc: for a company that started out making fancy fountain pens, diamond jewellery and leather goods,
        902 words
    • GADGETS
      • Article, Illustration
        717 14  -  The tablet competition for a bigger bite of the Apple pie gets to fever pitch as rivals up the ante with low, low prices and super high-tech goodies. By Christopher Lim Sony Tablet S, $668 for 16GB; $798 for 32GB Sony’s joined the large stable of Google Android
        717 words
    • KEPPEL CLIPPER ROUND THE WORLD
      • 817 15  -  The crew meshed together in Race 3 on the Keppel Corp-sponsored yacht to battle hell and high water in one of the toughest races so far. By Vincent Wee btnews@sph.com.sg IT may be exhilarating to win, for the skipper and crew of the
        PHOTOS: onEDITION  -  817 words
    • SPORT
      • 647 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor IT looks like Maria Sharapova will have to finish the women’s tennis season second best once again. Just when the leggy Russian star looked to be on course to make a last-minute push for the world
        AP  -  647 words
      • 616 16  -  tee off with christy simson ~The writer is a presenter and reporter at ESPN STAR Sports. Catch ONCE upon a time there existed a world without Tiger Woods. A world where normal golfing mortals split the booty in a more democratic fashion. The
        616 words
    • BT CORPORATE GOLF LEAGUE 2011
      • 548 17  -  Returning team OrangeTee relish a good workout with some of the League’s finest players. By Justine Moss btnews@sph.com.sg RAFFLES Country Club’s Lake course again proved the perfect venue for the Dream Team (OAAG) in round five of yesterday’s BT Corporate Golf League. After shooting a score
        ORANGETEE  -  548 words
      • 356 17  -  By Justine Moss Also returning to compete in this year’s League is Asia Pacific Breweries (APB), who thoroughly enjoyed last year’s competition with its good networking opportunities. “What we like most about playing in the League is having an enjoyable round of golf on some of
        356 words
    • MOTORING
      • 688 18  -  Two brand new MPV models one compact and one mid-sized have been launched here. But can they spark enough interest to help revive the shrinking multi-purpose vehicle segment? By Samuel Ee samuelee@sph.com.sg VOLKSWAGEN would like you to think of its Sharan as a GTI with an MPV body.
        688 words
      • Article, Illustration
        737 19  -  The Chevy Orlando does what it is meant to do and does it very well.By well.By Samuel Ee samuelee@sph.com.sg RARE is the car that has been named after a city anddoesn’tsoundmildlyawkward.ThinkMitsubishi Sapporo and Seat Malaga. The former could well pass for a brand of dry beer while the
        737 words
      • 691 20  -  This is the most powerful road car BMW has put into series production.By production.By YK Lai btnews@sph.com.sg BMW’snewM5 hasendedmorethan aquarter century of tradition by adopting a torque-rich, twin-scroll, twin-turbocharged 4.4-litre V8 engine, thus ending an era of high-revving, naturally aspirated powerplants for the haloed performance
        691 words


  • Page 5 Advertisements
    • 45 5 STOP LIVING IN Are Painkillers and Surgery Your Only Options? Discover Effective, Non-Invasive Clinical Solutions To Neck, Back and Knee Pain. Dr Terence Tan (MBBS,GDFM) The Pain Relief Clinic Website: PainRelief.com.sg To find out how you can be free from pain, call +65 6405 7280
      45 words

  • Page 6 / 7 Advertisements
    • 46 6 / 7 [SATS CLASSIFIED WflJ-'Y, iV 7 flEF-m Ssgi a >v^iV mo; P -<». in— sp^spspi^i Beautif you home with a new rug. »rw*»& .rv W > MATS BUY IT• SELL IT FIND IT To find out more, turn to CLASS 92 in CATS Classified in The Straits Times now.
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  • Page 12 / 13 Advertisements
    • 962 12 / 13 wine&dine with BTWeekend Chatterbox Mandarin Orchard Singapore, Level 35, 333 Orchard Road Z6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with a
      962 words


  • Page 15 Advertisements
    • 87 15 Inspiring Excellence Celebrating the spirit of adventure, achievement and teamwork, Keppel is the proud sponsor of the Singapore yacht in the Clipper 11-12 Round the World Yacht Race. Sharing the same global inclusive outlook, Keppel believes in nurturing and investing in its people to grow its key businesses in Offshore
      87 words
    • 47 15 CLIPPER ROUND THE WORLD YACHT RACE 11-12 Overall race standings 1 Gold Coast Australia 2 Visit Finland 3 De Lage Landen 4 Singapore 5 Derry-Londonderry 6 Qingdao 7 Welcometo Yorkshire 8 NewYork 9 Geraldton Western Australia 10 Edinburgh InspiringCapital this series is brought to you by www.marinakeppelbay.com
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