The Business Times, 15 October 2011

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Microfilm: NL31669
Total Pages: 49
1 20 The Business Times
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  • TOP STORIES
    • Article, Illustration
      Lock icon Sing dollar hits a high against greenback
      671 2  -  MAS reduces slope of S$NEER policy band with no change to band’s width and centering By Emilyn Yap emilyny@sph.com.sg Singapore THE Singapore dollar rose to its strongest level in three weeks against the US dollar after the Monetary Authority of Singapore (MAS) released
      FILE PHOTO  -  671 words
    • Article
      Lock icon MARKETS
      140 2 G STI 2,744.17 (+10.20) G STI FUTURES 2,744.00 (+11.00) G SIMSCI 314.97 (+1.42) H SIMSCI FUTURES 313.80 (-0.50) STOCKS Friday Change KL COMP 1,442.43 -2.44 NIKKEI 225 8,747.96 -75.29 HANG SENG 18,501.79 -256.02 SET 955.81 +18.99 JAKARTA 3,664.68 -10.70 MANILA 4,153.40 +18.92 KOSPI 1,835.40 +12.30 SHENZHEN B 581.95 -9.05
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    • Article
      Lock icon S&P cuts Spain’s credit rating to AA-
      521 4 It follows Fitch’s move and cites unemployment, tightening credit and high private sector debt Bloomberg Reuters Madrid STANDARD Poor’s yesterday cut Spain’s credit rating, underlining the challenges facing Europe’s major powers as they meet G-20 counterparts over the eurozone debt crisis. S&P, whose
      Bloomberg; Reuters  -  521 words
    • Article
      Lock icon Move afoot to integrate S’pore power, gas markets
      537 5  -  Talks underway between EMC, EMA and PowerGas for such a possibility By Ronnie Lim ronnie@sph.com.sg Singapore WITH LNG imports here set to be fully liberalised even before the scheduled first LNG deliveries to the Jurong Island LNG terminal in mid-2013, discussions are
      537 words
    • Article
      Lock icon Government opens seed funding for more tech incubators
      245 6  -  By Victoria Ho vhoip@sph.com.sg Singapore THE government is calling for more tech incubators to set up shop here, following the success of its Technology Incubation Scheme (TIS), says National Research Foundation (NRF) chief executive Francis Yeoh. He said NRF is opening applications
      245 words
    • Article
      Lock icon Transport infrastructure investment to bear fruit
      417 6  -  By Chuang Peck Ming peckming@sph.com.sg Singapore THE next five years will see Singapore’s heavy investments in public transport infrastructure bear fruit there will be many more buses and trains running, with much better service. Some $20 billion was pumped into the existing railway lines
      417 words
    • Article
      Lock icon Scepticism expected over bank recapitalisations
      522 8  -  EU politicians face problem convincing the public that the move is necessary: UBS chief economist By Jamie Lee leejamie@sph.com.sg Singapore THE process of recapitalisation of European banks will run headlong into public scepticism, as people loathe a bailout of banks and bankers, a senior UBS
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    • Article, Illustration
      Lock icon A weekend when the world will be kept occupied
      531 8  -  By Jamie Lee leejamie@sph.com.sg Singapore THE protest against corporate greed on Wall Street has ignited plans for similar demonstrations across the world this weekend, including Singapore. Taking a leaf from the book of Occupy Wall Street, which began with rallies in
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    • Article
      Lock icon Jerneh set to be wound up as listing deal is terminated
      487 8  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur TYCOON Robert Kuok’s listed Jerneh Asia is set to be wound up after a deal with a developer for a backdoor listing of the shell company was terminated. Instead, the cash-rich company will
      487 words
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      Lock icon Page 2 Advertisements Column 1
      61 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 30-33 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-4 Travel L6-7 Style L8-12 Design L13 Gadgets
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      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
      281 4 CENTRE SINGAPORE MEDICAL SPECIALISTS Have you had your Health Screening? Do not hesitate! Early prevention and detection is vital. At Singapore Medical Specialists Centre, we will help you identify which of our specially tailored comprehensive health screening package best suits you! With our "one-day, one-stop" concept, you will be able
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      Lock icon Page 5 Advertisements Column 1
      255 5 SAXO CAPITAL MARKETS A TRADER'S BEST CALL V, \L Best Speed of Best Research Best Effective Best Integrated Execution and Analytics Risk Management Workflow and and Execution Compliance Strategies Solutions Best Improved Overall Market Best Improved Overall Market Share by Volume Share by Volume ($5bn $10bn) ($10bn $25bn) Best White
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      27 6 PromotionPeriod:Saturday,October15toMonday,November14,2011 $35perpersonweekday set lunch at Long Beach Seafood Restaurant Eachparticipatingoutletwillpresentitsownexclusivesetmenuitems. Formenudetails,pleasecalltherespectiveoutlettofindoutmore. ParticipatingOutlets: LongBeachSeafoodMAINRestaurant,1018EastCoastParkway,NexttoECPBurgerKing, Singapore*****7.Tel:*****833 LongBeach@Dempsey,25DempseyRoadviaHollandRd(beforePeirceRoad),Singapore*****0Tel:*****222 LongBeachIMMSeafoodRestaurant,JurongEastSt21,Level3,IMMBuilding,NexttoRooftopGarden, Singapore*****1.Tel:*****933 LongBeachKINGSeafood,NexttoKallangParkMcDonald’s (alongMountbattenRoad,oppositeMountbattenMRT),Singapore*****3.Tel:*****722 NotvalidwithLongBeachPremierCard,promotionsordiscounts.Priceisnotinclusive oftaxesorsurcharge.NotvalidatLongBeachUDMC; Photofeaturedisforillustrationpurposesonly. THEBUSINESSTIMES th Anniversary Diningdeals Toenjoythisoffer,pleasepresentthisadtotherestaurant
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      Lock icon Page 7 Advertisements Column 1
      2576 7 thebusinesstimesweekendwww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Oct 10-14, 2011
      • Article
        Lock icon Q3 profits seen having muted market impact
        55 9 CAPITACOMMERCIAL Trust will be among the first of over 300 companies to kick off the reporting season for third-quarter earnings ended Sept 30. But while analysts reckon that results would meet lowered market expectations, they are likely to have precious little impact on
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      • Article
        Lock icon MAS studying crisis recovery plan for banks
        78 9 THE Monetary Authority of Singapore is looking at whether financial institutions here need to draw up plans for a quick recovery or a clean closure in the event of a crisis, just as what regulators in a number of developed markets are enforcing.
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      • Article
        Lock icon Jade fiasco gives point to takeover code tune-up
        66 9 THE Securities Industry Council is reviewing the Singapore Code on Take-overs and Mergers to improve disclosure and prevent a repeat of the Jade Technologies scandal that left minority shareholders in the lurch when the takeover failed. One proposal is to explicitly require
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      • Article
        Lock icon Maxis tycoon dragged into Indian telco case
        58 9 INDIA’S Central Bureau of Investi- gation is investigating a claim which could result in criminal conspiracy charges being filed against Malaysian tycoon T Ananda Krishnan, his executive Ralph Marshall and a former Indian telecoms minister. These investigations relate to a controversial deal involving
        58 words
      • Article
        Lock icon Royal Brothers reweaves a family property web
        67 9 THE Royal Brothers group, controlled by brothers Raj Kumar and Asok Kumar Hiranandani, is being restructured, involving a swap of assets estimated to be worth over $1 billion between the two men, say sources. The move is said to be aimed at succession
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      • Article
        Lock icon SIAS chief prepares to pass the baton
        64 9 THE founder of the Securities Investors Association (Singapore), or SIAS, may have finally found a new team to take the lead one with a stronger corporate flavour than what SIAS is accustomed to. And president and CEO David Gerald now has renewed hopes
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      • Article
        Lock icon US opens new front in war of words over yuan
        55 9 POLITICAL brinkmanship in the US went up a notch on Wednesday with the Senate passing a bill aimed at punishing China for its control over the yuan. China, in turn, warned that the move could threaten not just bilateral trade
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      • Article, Illustration
        Lock icon IN DEEP WATERS
        22 9 An inundated Chaiwattanaram temple in Ayutthaya province. The death toll across Thailand due to heavy floods exceeds 280 AP
        AP  -  22 words
      • Article
        Lock icon Approvals for PRs buying landed homes set to plunge
        47 9 THE number of approvals given to permanent residents who want to buy landed homes in Singapore is set to fall by more than half after the criteria was tightened further recently, Law Minister K Shanmugam said on Wednesday.
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      • Article
        Lock icon Thailand counts cost of deadly downpour
        55 9 THAILAND’S economy appears in danger of sinking as the rains refuse to let up and floods threaten to inundate the low-lying capital. The rest of the world, too, may have to pay a price as car produc- tion in Thailand, which feeds many other
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      • Article
        Lock icon SIA, Virgin Australia told it’s okay to join hands
        41 9 AT least one Singapore carrier has reason to smile in Australia. The Australian Competition and Consumer Commission has given a preliminary nod to the proposed tie-up between Singapore Airlines and Virgin Australia.
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      • Article
        Lock icon Auditor-General ticks off errant agencies
        42 9 THE Ministry of Defence has apparently failed to heed a government directive which says that payments should be made only after goods are delivered or services rendered satisfactorily and not in advance, unless it’s an industry norm.
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    • Article
      Lock icon NEXT WEEK Oct 17-21, 2011
      93 9 US DATA Oct 17 Sept industrial production Oct 18 Sept producer price index SINGAPORE DATA Oct 17 Sept non-oil domestic trade EVENTS Oct 17 ECB executive board member Juergen Stark speaks at the European Parliament’s Committee on Economic and Monetary Affairs in Berlin Oct 18
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      347 9 CRYPTIC CROSSWORD Across 1 Very rapid form of percussion (10) 9 Exploit a twist of fate (4) 10 Chose to give voice escorted from the scene (7,3) 11 Intercept and separate (3,3) 12 Hang having to pay to take us in! (7) 15 Composer born, I do recall, in the
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      13 9 SATURDAY with Ludwig ‘I dreamed about Steve Jobs last night all in touchscreen...’
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Man about town
      2318 10/11  -  Nightclub tycoon Dennis Foo has, for the past three decades, made it his business to give tcoon Dennis Foo people a good time.By time.By Joyce Hooi joyceh@sph.com.sg DENNIS Foo tells everyone that he is in the hospitality business. But what he really does is give people what
      ARTHUR LEE  -  2,318 words
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  • COMPANIES
    • Article
      Lock icon Cerebos makes hostile bid for NZ firm
      667 12  -  But honey products maker Comvita says NZ$71.6m bid is too low, opportunistic By Ven Sreenivasan ven@sph.com.sg CASH-RICH Cerebos Pacific has made a hostile NZ$71.6 million (S$72.5 million) takeover bid for New Zealand-listed honey products company Comvita Ltd. The takeover is being done via
      667 words
    • Article, Illustration
      Lock icon Keppel Land wins top award for sustainability reporting in 2011
      671 12  -  Sustainability reporting enhances a firm’s attractiveness to investors: Grace Fu By Teh Hooi Ling hooiling@sph.com.sg IT is not required by law or by listing rules, but some companies have taken it upon themselves to include sustainability reports in their disclosure
      671 words
    • Article
      Lock icon LionGold in $69.6m bid for Aussie miner
      357 13  -  80.4m shares to be issued to SML shareholders By Winston Chai winstonc@sph.com.sg LIONGOLD Corp is ramping up its quest to strike gold by acquiring Austral-ia-listed Signature Metals Ltd (SML). Under a pact signed yesterday between the two companies, LionGold plans to acquire all
      357 words
    • Article
      Lock icon Emerging fund outflow slows on policy steps
      198 13 Bloomberg EMERGING-MARKET equity funds have posted the smallest outflows in more than a month amid efforts by policymakers to restore confidence among investors, according to Citigroup Inc. Withdrawals from developing-nation stock funds slowed to US$905 million in the week ended Oct 12, an
      Bloomberg  -  198 words
    • Article, Illustration
      Lock icon Market up on hopes of eurozone bailout
      540 14  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent ALTHOUGH there were no substantive announcements this week from eurozone leaders about fresh bailout plans, hopes that something concrete would be announced before the end of the month were enough to push markets up across the globe,
      540 words
    • Article
      Lock icon TOP GAINERS
      61 14 BY CENTS CLOSE UP IS DJ US Tech 6492 218.2 2.7 JMH 5010 190.3 3.1 JSH 2795 125.6 3.7 DBXT S&P500 10US$ 1914 76.1 3.2 IS S&P500 ***** 54.6 0.4 Lyxor AsiaCS 10US$ 4935 50.8 0.8 Lyxor LatinAmerica 1 721 41.9 4.8 DBXT SPASX200 10US$ 3210 40.6 1.0
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    • Article
      Lock icon TOP LOSERS
      63 14 BY CENTS CLOSEDOWN DBXT MSTHAI 10US$ 1440 -45.7 -2.4 DBXT S&P Short 10US$ 4432 -45.7 -0.8 DBXT MSKorea 10US$ 5034 -39.3 -0.6 HK Land 470 -35.5 -5.6 DBXT CSI300 10US$ 857 -30.5 -2.7 DBXT FTVietnam 10US$ 2370 -29.2 -1.0 DBXT FTChina25 10US$ 2512 -27.9 -0.9 UOB 1711 -27.0
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    • Article
      Lock icon A pledge for good corporate governance
      318 14 THE inaugural Singapore Corporate Governance Week held last year brought together a number of listed companies that publicly pledged to uphold the highest standards in corporate governance. This year’s Singapore Corporate Governance Week will be held from Oct 24 to 28. A key feature
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    • Article
      Lock icon TOP 20 ACTIVES
      110 14 VOL CLOSE GoldenAgri 84,994 63 1.0 1.6 Midas 61,392 41.5 4.5 12.2 GentingSP 50,227 162 2.0 1.3 NobleGrp 41,376 145 1.0 0.7 Mewah 35,668 45 6.0 15.4 Yangzijiang 30,770 95 2.5 2.7 Oceanus 29,723 13.2 3.0 29.4 STI2800MBeCW*****0 26,310 6.3 0.3 5.0 SingTel 21,484 317 2.0 0.6
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    • Article
      Lock icon STI STOCKS
      110 14 Stock name Close Change CapMallsAsia 1.270 -0.010 CapitaLand 2.520 CapitaMall 1.860 -0.020 CityDev 9.960 -0.040 ComfortDelGro 1.350 +0.005 DBS Grp 12.220 +0.160 F&N 5.990 +0.120 GLP 1.605 +0.010 Genting SP 1.620 +0.020 Golden Agri 0.630 +0.010 HK Land 4.700 -0.280 JMH 50.100 +1.500 JSH 27.950 +0.990 Jardine C&C
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    • Article
      Lock icon CapitaRChina Q3 distribution income rises
      376 15  -  Quarter’s DPU climbs to 2.12 cents as new mall helps lift revenue By Conrad Tan conradt@sph.com.sg CAPITARETAIL China Trust’s third-quarter income available for distribution rose 12.3 per cent to $14.6 million, buoyed by contributions from a recently acquired mall and higher revenue from its other
      376 words
    • Business briefing
      • Article
        Lock icon GuocoLeisure Q1 earnings soar 45.5%
        101 15 GUOCOLEISURE Ltd, a member of Malaysia’s Hong Leong Group, reported a 45.5 per cent increase in net profit to US$24.3 million for the first quarter ended Sept 30, 2011, from US$16.7 million a year ago. This was helped by a surge in “other operating income”
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      • Article
        Lock icon TT Int’l cuts Q1 loss to $2.29m
        59 15 TT International announced a $2.29 million net loss attributable to shareholders for the first quarter ended June 30, 2011, against a net loss of $7.53 million for the previous corresponding period. Revenue fell 2.2 per cent to $107.73 million from $110.14 million due
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      1615 13 ~?!%:{{</-.(:*^,&:~|))!>:/(`"?[ Amtek LUG AMTEK ENGINEERING LTD Re-engineering Success Company Registration No. *****3886K (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Amtek Engineering Ltd ("the Company") will be held at 35 Pioneer Road North, Singapore *****5 on Monday,
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      605 14 w MAIS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ADVANTEC SHIPPING PTE. LTD. (In Members’Voluntary Liquidation) NOTICE OF EXTRAORDINARY GENERAL MEETING At an Extraordinary General Meeting of the Members of the Company duly convened and held at 33 Tuas Crescent Singapore *****2
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  • Page 15 Advertisements
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      34 15 RHEUMATISM? SLEEP ON WATER! A waterbed distributes body-weight evenly and reduces pressure on inflamed joints taking the pain away! FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-1381
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      Lock icon Page 15 Advertisements Column 2
      162 15 SINGAPORE WRITERS FESTIVAL 22 30 October 2011 Asia's premier literary festival is back for its 14th edition! With more than 170 events and 120 local and international writers, the Festival promises something for everyone. Get your Festival Pass today at only $15. Whether it's meeting your favourite authors, screenwriters, poets
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Being prepared for a rainy day
      973 16  -  In these volatile times, credit insurance indemnity just makes business sense from the desk of Jean-Claude Speitel CEO Coface Asia Pacific INSURANCEisacuriouspro-fession, it is neither cyclical nor countercyclical. When times are bad claims rise and when times are good, prospective policyholders perhaps driven by
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  • SINGAPORE
    • Article
      Lock icon Employers back local-first idea but fear talent crunch
      435 17  -  Meanwhile, under the same feedback process, NTUC calls for more effort to attract, retain and nurture Singaporeans across the economy By Kelly Tay kellytay@sph.com.sg WHILE employers are supportive of Singaporeans forming the core of the workforce, they are concerned about the additional
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    • Article
      Lock icon 82 tourism industry players in the running for 27 STB awards
      461 17  -  Judges impressed by quality of this year’s finalists, which are pushing the boundaries By Nisha Ramchandani nishar@sph.com.sg THE 82 finalists in the 2011 Singapore Experience Awards are top notch, according to the panel of judges. Organised by the Singapore
      461 words
    • Article, Illustration
      Lock icon $6m manpower push for maritime sector
      261 17 THESingaporeWorkforceDevelopment Agency (WDA) and the National Trades Union Congress (NTUC) are joining hands in a bid to get more Singaporeans to dock themselves in the maritime sector. The two organisations, in partnership with other bodies such as the Maritime and Port Authority of Singapore
      261 words
    • Article, Illustration
      Lock icon Many European firms looking to invest in Asia
      566 18  -  Asian companies are also looking to venture into the West and ING has set up a special desk to help its Asian clients, says banker By Michelle Tan michtze@sph.com.sg ASIA holds a bounty of opportunities especially in the area of cross-border activities,
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    • Article
      Lock icon MOE strengthens its professional wing
      330 18  -  Move is to better deliver student-centric, values-driven education By Dolly Chia dchia@sph.com.sg The Ministry of Education (MOE) has reviewed and reorganised its professional wing to better deliver student-centric, values-driven education, in line with the emphasis given to values and character development made at the recent
      330 words
    • Article
      Lock icon August sees slow consumer spending as car sales decline
      321 18  -  By Mindy Tan mindytan@sph.com.sg CONSUMER spending in Singapore slowed in August, rising a modest 3.3 per cent compared to last year, after being dragged down by flagging car sales. This comes after a year-on-year (y-o-y) 10.7 per cent rise in July,
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  • WORLD
    • Article
      Lock icon European officials craft rescue plan
      528 19 Scheme’s elements emerged as G-20 ministers, central bankers began talks in Paris Bloomberg Paris EUROPEAN officials are outlining a rescue plan that may include deeper investor losses on Greek bonds, higher bank capital levels and increased firepower for bailouts and the International Monetary Fund. The
      Bloomberg  -  528 words
    • Article
      Lock icon Retail sales rise gives momentum to recovery
      478 19 Strong car purchases push Sept spending up 1.1% from July latest us data| Reuters Bloomberg Washington US RETAIL sales grew at their fastest pace in seven months in September as consumers shook off concerns about a weak stock market and political gridlock, giving
      Reuters; Bloomberg  -  478 words
    • Article, Illustration
      Lock icon Berlusconi narrowly survives confidence vote
      438 19 NYT Rome IN HIS narrowest escape yet, Prime Minister Silvio Berlusconi barely survived a confidence vote yesterday, saving his government from collapse but effectively preventing it from legislating. With 316 votes for and 301 votes against, Mr Berlusconi’s centre-right coalition won the vote. But it
      NYT; AP  -  438 words
    • Article
      Lock icon Beijing unveils rules for yuan FDI
      365 20 Analysts say China’s move to formalise yuan foreign direct investment is a big boost to HK’s position as an offshore yuan hub Reuters Shanghai CHINA has formalised a pilot scheme to allow foreign businesses to invest in the country with yuan legally obtained overseas,
      Reuters  -  365 words
    • Article, Illustration
      Lock icon China inflation ticks lower, policy on pause
      554 20 Re uters Beijing CHINA’s consumer inflation dipped to 6.1 per cent in September, retreating further from three-year highs, although stubborn food price pressures will deter the central bank from loosening its policy reins anytime soon. A slowdown in price rises would be welcomed
      Reuters; REUTERS  -  554 words
    • Article
      Lock icon India’s inflation stays above 9% in Sept
      330 20 Rise in fuel and power prices pushes up wholesale price index by 9.72% Reuters New Delhi INDIA’S inflation barely budged in September, staying above 9 per cent for the 10th straight month and girding the market for another interest rate rise even as
      Reuters  -  330 words
    • Article
      Lock icon Developing countries ponder boost tO IMF funds
      508 21 Injection is aimed at helping resolve the European debt crisis; China, Brazil among potential contributors Bloomberg Washington NATIONS from China to Brazil are considering increasing the International Monetary Fund’s lending resources to help stem the European debt crisis, Group of 20 and IMF
      Bloomberg  -  508 words
    • Article
      Lock icon ECB’s Stark calls for EU Budget Office
      159 21 Bloomberg Riga, Latvia EUROPEAN Central Bank (ECB) executive board member Juergen Stark yesterday called for creating a European Budget Office that may become the “nucleus” of ECB president Jean-Claude Trichet’s proposed eurozone finance ministry. The independent body could start on an “informal basis”,
      Bloomberg  -  159 words
    • Article, Illustration
      Lock icon Sale of latest iPhone gets underway globally
      410 22 Many buy the new phone as a tribute to Jobs Reuters Tokyo APPLE Inc’s new iPhone went on sale in stores across the globe yesterday, with fans snapping up the final gadget unveiled during Steve Jobs’ lifetime, many buying the phone as a
      Reuters; BLOOMBERG  -  410 words
    • Article
      Lock icon Asia beckons for Societe Generale amid European threats
      702 22  -  By Malminderjit Singh msingh@sph.com.sg Singapore FRENCH bank Societe Generale is pinning its hopes on Asia even as it plans to counter threats from the European sovereign debt crisis. Severin Cabannes, deputy chief executive officer of the Societe Generale Group, told The Business
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      109 21 Highly acclaimed acrobatic drama from Xinjiang, China §9 f J O- yCasirdin C/lpancfim Liis Featuring the Guinness World Record stunt "Uygur Dawaz" (Aerial Tightrope Walk) Top Ten Productions of the National Fine Stage Arts Project in 2008-2009 Winner of the Wenhua Grand Award (Special Award) at the 9th China Arts
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  • SGX
    • Article
      Lock icon SGX CATALIST
      9793 26 Transaction date: Oct 14 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 $mil 21 12 8Telecom 12.5 12.5 15.5 7.8 4.9 2.6 59.9 9.5 4.1 A-Sonic 4.6 unch 9 4.6 4.6 4.6 5.8 2.8
      9,793 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 2 0 0 0 9 5 2 Manufacturing 80 32 27 1 3 10 81 35 37 Commerce 27 11 11 3 4 0 30 15 11 Tpt/Stor/Comms 21 13 10
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      807 26 For week beginning Oct 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Cheung Woh Tech 12-Oct-11 Law Tak Lun *Buy ***** na 0 0.00 ***** 7.88 Foreland Fabrictech 12-Oct-11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 40,002 40,002 101,298 101,298 Manufacturing 310,886 13,111 323,997 225,270 150 225,420 Commerce 103,742 5,347 109,089 103,641 251 103,892 Tpt/Stor/Comms 152,719 1,461 154,180 191,517 143 191,660 Finance 21,618 18 21,636 231,567 3 231,571 Construction 28,120 7,131
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    • Article
      Lock icon LIFFE
      82 27 Oct 13 COCOA (£/tonne) Close Prev High/Low Dec 11 1687 unch 1725/1686 Mar 12 1705 1708 1745/1704 May 12 1722 1725 1761/1721 Jul 12 1738 1742 1768/1739 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1983 1926 1993/1931 Jan 12 2004 1950 2014/1955 Mar 12 2025 1973 2031/1980 May 12
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    • Article
      Lock icon METALS
      67 27 Oct 14 GOLD (US$/oz) Oct 14 Oct 13 Hong Kong 1680.*****9.00 Oct 13 Oct 12 London 1660.*****7.97 1661.*****9.13 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 40.74 40.07 Source: UOB PLATINUM Lon (US$/oz) Oct 13 Close Previous PM Fix 1535.*****6.00 AM Fix 1541.*****3.00 Source: Thomson Reuters PLATINUM /NYMEX
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    • Article
      Lock icon PALM OIL
      57 27 Oct 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 11 2865 2842 2865 2860 94 277 Nov 11 2855 2830 2886 2855 1510 8743 Dec 11 2858 2844 2900 2858 9806 ***** Jan 12 2873 2846
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    • Article
      Lock icon GOVERNMENT SECURITIES
      81 27 Oct 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 12.01.2012 0.23 1-Year BY*****X 02.05.2012 0.22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.6 103.63 103.63 5-Year N*****0W 1.125 01.04.2016 102.7 102.85 102.8
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Oct 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2948 1.2963 1.0205 1.0210 Canadian dollar 1.2442 1.2458 0.9806 0.9813 Euro 1.7469 1.7482 1.3768 1.3770 NZ dollar 1.0087 1.0101 0.7950 0.7956 Sterling pound 2.0004 2.0020 1.5766 1.5769
      154 words
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      Lock icon SMX MARKET UPDATE
      118 27 As on 13 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1683.20 1654.60 1660.20 1682.4 Silver DEC-11 32.570 31.595 31.800 32.78 CURRENCY US Dollar-Jap Yen DEC-11 77.06 76.74 76.80 77.3 Euro-US Dollar DEC-11 1.3816 1.3677 1.3761 1.3799 Aust-US Dollar DEC-11 1.0143
      118 words
    • Article
      Lock icon CHICAGO BOT
      93 27 Oct 13 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 11 1257.*****9.*****8.*****0.25 Jan 12 1266.*****9.*****7.*****0.75 Mar 12 1274.*****7.*****4.*****7.25 May 12 1276.*****2.*****7.*****2.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Oct 11 52.20 51.60 52.03 51.40 Dec 11 52.44 51.86 52.49 51.52 Jan 12 52.72 52.15 52.80
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      Lock icon OIL
      75 27 Oct 13 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.34 -0.83 WTI (Near Mth) 84.52 -0.84 Dubai (1-Mth F) 103.63 0.12 Tapis blend 119.12 0.15 Minas 112.12 0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.89 0.25 Jet Kerosene 122.10 0.35 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT`L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 13 Index Change Change Change Change Change Change World Index Preliminary 810.6 -0.7 -9.7 -0.4 -8.9 -0.8 -8.9 ‡EAFE Preliminary 684.7 -0.5 -14.5 -0.3 -12.6 -0.7 -12.6 Europe Preliminary 1009.4 -1.2
      374 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Oct 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.325 1.262 Can dollar 1.268 1.22 Euro 1.784 1.716 Sterling pound 2.042 1.964 NZ dollar 1.038 0.989 US dollar 1.293 1.244 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon LONDON METALS
      69 27 Oct 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2176.25 2214.00 3 months 2207.00 2248.00 Copper, Grade A (US$/tonne) Cash 7293.25 7507.75 3 months 7310.00 7525.00 Lead (US$/tonne) Cash 2021.50 2061.00 3 months 2036.00 2070.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
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      Lock icon STOCK MARKETS
      88 27 YTD change:-13.98% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:-19.68% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: -0.86% 52-week high: 12,876.00 on May 2,2011 52-week low: 10,404.40 on Oct 4,2011 (Chart
      Source: Bloomberg  -  88 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon A tough global food challenge
      1047 28 / 29  -  A great deal still needs to be done, such as another leap in technology, to boost crop yields and output. By Gerard Lyons Dr Gerard Lyons is chief economist at Standard Chartered Bank. EVERY year, on Oct 16, World Food Day is observed. This date
      XINHUA  -  1,047 words
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      Lock icon A meritocracy with heart
      789 28 / 29  -  By Carlos Fernandes The author is the CEO of RecordTV and was named a Young Global Leader by the World Economic Forum (WEF). The Op-Ed was written in line with the World Economic Forum’s ‘Summer Davos’ theme of Mastering Quality Growth. The views expressed are the
      789 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Profiting from volatile markets
        1048 30 / 31  -  Derivative trading platforms report robust growth as more people seem to have taken to trading currencies and other derivative contracts. By Genevieve Cua ELEVATEDmarketvolatility is a source of anxiety for many, but for others it’s a chance to take a stab at some outsized profits or
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        Lock icon Industrial Reits
        706 30 / 31  -  Credit Suisse Oct 13 brokers' take Compiled by Jamie Lee NOT as defensive as perceived: We assume coverage of the Singapore industrial Reits sector with a slightly negative stance as we believe that the perception of its defensiveness (due to longer lease tenures) is misplaced. In this report,
        706 words
      • Article, Illustration
        Lock icon Ready for higher inflation, lower growth?
        968 32  -  Pimco offers a fund that is a one-stop shop, with allocations to all the different hedging asset classes By Ben Steverman Bloomberg THE next 20 years will have higher inflation and slower growth than the last two decades, and investors need to be prepared,
        Bloomberg; AFP  -  968 words
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        Lock icon CSR today, integrated reporting tomorrow
        1187 33  -  With companies realising it’s not enough to just make profits, their annual reports are set to change in due course show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder ECONOMIST Milton Friedman famously asserted that “the social responsibility
        STOCK.XCHNG  -  1,187 words
    • WEALTH REAL ESTATE
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      39 35 Check out these positions and a thousand more in CATS Recruit Executive Appointments in The Straits Times now! Dysonhaspositionsopenfor Production Managers RollsRoycehasvacanciesfor Test Engineers (Civil Aerospace) Metroisrecruitingan Advertising and Promotions Executive A*STARislookingfora Head, Graduate Academy Bayerishiringa Regional Supply Manager
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      64 36 M AUDEMARS PIGUET Le maitre de I'horlogerie depuis 1875 H r V i •v y t Al) PlGUETjr r y. ATrcr p, s r u> m I t Svri m Jh<, F" 5? V y- ""-'is m w z5S VIS"' r~ V s\ r r s 0 s s w
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      55 1 LivingTHEBUSINESSTIMESWEEKEND|OCTOBER15-*****1BTTHE BUSINESS TIMES WEEKEND OCTOBER 15-16 2011 TRAVEL Boost for online travel sector L6-7 STYLE Going the extra mile L8-9 DESIGN Silent treatment L13 GADGETS Shoot out L14 STAYING FOR THE FOOD Hotel restaurants make a comeback L2-4 LAKSA CLAM CHOWDER PHOTO: THE HEALTH The anonymous killer L15 MOTORING Audi
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Staying for the food
        1546 2/3  -  Hotel restaurants have upped their culinary game and are making a comeback on the F&B scene. By Geoffrey Eu btnews@sph.com.sg THE global economy may be in the doldrums, but the dining scene here has never been more vibrant. Restaurants of every type are opening in clusters,
        1,546 words
      • Article, Illustration
        Lock icon All-day dining hits the spot
        840 2/3  -  By Geoffrey Eu btnews@sph.com.sg SPECIALITY restaurants may get most of the attention in hotels but all-day dining outlets serve as a primary workhorse and contribute mightily to the culinary bottom line. Hotels certainly recognised their significance and focus on getting it right. We feature three
        840 words
    • TRAVEL
      • Article, Illustration
        Lock icon Online travel industry gets a lift
        2676 6 / 7  -  Global online travel heavyweights spin off local sites to tap Singaporeans’ love of travel. By Debbie Yong debyong@sph.com.sg EVERY independent traveller worth his stripes should be familiar with the following situation. Aim: Book an air ticket to holiday destination of choice. Process: Keep five
        2,676 words
    • STYLE
      • Article, Illustration
        Lock icon Going the extra mile
        2040 8 / 9  -  Designers are offering bespoke women’s shoes and filling a gap in the local footwear market.By market.By Melissa Lwee-Ramsay mellwee@sph.com.sg Well-grounded Fuchsia Lane 118A Tanjong Pagar Road Z6227-3168 OVER the past four years, local label Fuchsia Lane has been steadily growing a solid reputation for intricate, handcrafted
        CHARLENE LEE AND EDWIN NEO PHOTOS BY ARTHUR LEE  -  2,040 words
      • Article, Illustration
        Lock icon Vuitton’s candy carousel spin
        437 10 / 11 Louis Vuitton designer Marc Jacobs, who is tipped to take over at Dior from John Galliano, signs off from the nine-day Paris Fashion Week which ended on Wednesday, with a fairy-tale finale of a French candyfloss carousel AFP PERCHED side-saddle on an old-fashioned mer-ry-go-round, Louis Vuitton’s
        AFP; PHOTOS: REUTERS, AFP  -  437 words
      • Article, Illustration
        Lock icon Bras go over-the-top
        590 10 / 11 AFP FROM bra tops and citrus fruits to lace masks or slinky, long sleeves, here are the watchwords for the Paris Fashion Week’s pret-a-porter trends for spring-summer 2012: Bra-tops: In lady-like pastels, at Chanel, body-sculpting black at Roland Mouret, or in an orange-and-blue check covering the shoulders
        AFP; PHOTOS: REUTERS, AFP, AP, CHANEL  -  590 words
      • Article, Illustration
        Lock icon PERFECT MATCH
        1164 12  -  Hugo Boss’ Asia-Pacific president and CEO Gerrit Ruetzel talks to Melissa Lwee-Ramsay about the company’s partnership with team McLaren and why it’s still going strong Melissa Lwee-Ramsay mellwee@sph.com.sg IT IS a Saturday afternoon during Formula 1 weekend in Singapore and it is pretty manic in the McLaren team
        1,164 words
    • DESIGN
      • Article, Illustration
        Lock icon Silent treatment
        994 13  -  What works for Milan-based Lissoni is design that emphasises quiet simplicity.By simplicity.By Geoffrey Eu btnews@sph.com.sg FOR more than 20 years, architect and designer Piero Lissoni has worked with some of the top names in the industrial design world, so he knows something about what it takes to create
        994 words
    • GADGETS
      • Article, Illustration
        Lock icon SHOOT
        593 14  -  With categories between cameras overlapping hopelessly, it seems there’s no such thing as a ‘normal’ camera any more. Christopher Lim looks at the sweep of varieties shutterbugs now have to choose from Christopher Lim Canon PowerShot SX40 HS ($749) THERE’S still a place for traditional standalone cameras like Canon’s
        593 words
    • HEALTH
      • Article, Illustration
        Lock icon The anonymous killer
        781 15  -  Chronic obstructive pulmonary disease is one of the top causes of death here but not many are aware of the condition. By Cheah Ui-Hoon uihoon@sph.com.sg CHRONIC obstructive pulmonary disease (COPD) is often misdiagnosed and when that happens, those with the conditionwon’tgetthetreatment they need. This sad fact is
        REUTERS; FILE PHOTO  -  781 words
    • SPORT
      • Article, Illustration
        Lock icon More than just three points at stake
        600 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor I WAS having drinks with a longtime Liverpool fan a few days ago when I asked him what was more important: Winning the league championship this season or defeating old foes Manchester United. Without
        PHOTOS: AFP, AP  -  600 words
      • Article
        Lock icon Crunch time for Rugby World Cup semi-finalists
        596 16  -  touch down with mike rehu ~The writer is a commentator with ESPN STAR Sports. Follow him on Twitter at rehu_sport FORTY-FOUR games have gone, withjust fourtogo. Wow,didn’t we have an incredible Rugby World Cup (RWC) last weekend? Never have I seen such bone-crunching
        596 words
    • BT CORPORATE GOLF LEAGUE 2011
      • Article, Illustration
        Lock icon Sentosa levels the playing field
        838 17  -  The multi-faceted Serapong Course has brought even some greats to their knees. By Justine Moss btnews@sph.com.sg FOR the second year in a row, the tournament is headed for a nail-biting finish. After the fifth round of the Business Times Corporate Golf League, which was played
        838 words
      • Article, Illustration
        Lock icon On a par with the best
        361 17  -  By Justine Moss ONE of the reasons for returning to compete in this year’s BT Corporate Golf League for the KPMG team was that it provides a great opportunity for networking. “It’s seldom that we get to meet with clients in a less business-like
        361 words
    • MOTORING
      • Article, Illustration
        Lock icon MID-SIZED TRAIL BLAZER
        694 18  -  The Audi A6 2.0 is poised to set a new benchmark in this popular segment. By Samuel Ee samuelee@sph.com.sg IT may have taken some time but Audi finally has a serious contender in the mid-sized saloon market. The Audi A6 executive car is now available with a
        694 words
      • Article, Illustration
        Lock icon GO TOPLESS
        613 19  -  One more alternative has been added to the Golf hatchback’s already mind-boggling range of variants a convertible. By Samuel Ee samuelee@sph.com.sg FORGET the wind in the hair cliche; perhaps the nicest thing about driving an open-top car in Singapore is the opportunity to hear crickets chirping and birds
        613 words
      • Article, Illustration
        Lock icon Pole to Pole
        393 20  -  Now you can tune up the power and torque of your Volvo to the same level as the current T5. By Samuel Ee SINCE Volvo introduced its new range of T5 badged models with their higher power rating a few months ago, owners of older Volvos can
        393 words
      • Article, Illustration
        Lock icon A more powerful but tamer hulk
        305 20  -  By Samuel Ee samuelee@sph.com.sg THE Polestar tuning feature can be applied to both the 2.0T and 2.5T engines of existing Volvos to produce the same power and torque figures as the current updated range. For the two-litre units of the mid-sized S80 sedan and
        305 words
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      732 4 wine&dine with BTWeekend Bar on 5 Mandarin Orchard, Singapore Level 5, 333 Orchard Road Z6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage menu
      732 words
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      592 5 M ITU A <3©m[7imQG (gaOOooo o Lifestyle L2»lrLnl Gourmet Signatures Cuisine of Chef David Du 1 6 Nov Lunch Dinner mezza9 Cuisine of Chef Max Levy 7-13 Nov Lunch Dinner KU DETA Restaurant Cuisine of Chef Wan 13-19 Nov Lunch, Dinner Masterclass StraitsKitchen Cuisine of Chef Ian Kittichai 21 27
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      32 6 / 7 MATS CLASSIFIED H V Beat the heat with new air-conditioners. To find out more, turn to CLASS 90 in CATS Classified in The Straits Times now. MATS BUY IT• SELL IT'FIND IT
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      49 15 STOP LIVING IN 'J'.\ I i I 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
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