The Business Times, 29 October 2011
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2011-10-29
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The Business Times
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Title Section12 2011-10-29 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg OCTOBER 29-30, 2011 S$1.00 MICA (P) 121/08/201112 words
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Article36 2011-10-29 1 flood havoc THAILAND’S central bank yesterday nearly halved its projection for the country’s economic growth this year to 2.6 per cent as prolonged floods continued to inundate more areas across Bangkok. 236 words
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Article32 2011-10-29 1 sterling numbers FOR Q3 ended Sept 30, Marina Bay Sands posted US$413.9 million in adjusted property Ebitda and adjusted Ebitda margin of 52.2 per cent. 332 words
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Article31 2011-10-29 1 london bonanza DIRECTORS at London’s top listed companies have seen earnings soar 49 per cent on average in the last financial year thanks to soaring bonuses. 2031 words
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949 2011-10-29 1 Driven by genuine demand, this segment shines brightest in Q3 as cooling measures keep speculators on the sidelines THE mass-market housing segment or Outside Central Region in Urban Redevelopment Authority (URA) parlance continued to be the clear outperformer in the private housing market this949 words
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Article641 2011-10-29 1 Nisha Ramchandani - Aviation buff who was on very first flights of B747 and A380 now boards inaugural Dreamliner flight By Nisha Ramchandani nishar@sph.com.sg Singapore THE Boeing 747, the double-decker Airbus A380 and now the Dreamliner American Thomas Lee has scored a hat-trick by being onboard the maiden641 words
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Page 1 Advertisements
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Advertisement19 2011-10-29 1 MOTORING Tip-top VW Tiguan L18 LIVING Group buying sites and hotels don‘t always make the best travel mates L2-319 words
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Advertisement10 2011-10-29 1 the raffles conversation PRINCE ANDREW, THE DUKE OF YORK 8-910 words
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Advertisement26 2011-10-29 1 SHOW ME THE MONEY The case against scale in Wall Street 33 THE BUSINESS TIMES th Anniversary Dining deals To find out more, turn to Page26 words
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TOP STORIES
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Article, Illustration730 2011-10-29 2 Lee U-Wen - Floodwaters continue to inundate more Bangkok areas; Moody’s expects financial damage to total more than 200b baht By Lee U-Wen leeuwen@sph.com.sg Singapore THAILAND’Scentralbankyesterday nearly halved its projection for the country’s economic growth this year to 2.6 per cent from its earlier estimate of 4.1 perPHOTO: AFP - 730 words
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Article140 2011-10-29 2 G STI 2,905.72 (+58.15) G STI FUTURES 2,906 (+58) G SIMSCI 333.06 (+5.18) G SIMSCI FUTURES 333.50 (+4.40) STOCKS Friday Change KL COMP 1,481.82 +10.89 NIKKEI 225 9,050.47 +123.93 HANG SENG 20,019.24 +330.54 SET 973.18 +13.01 JAKARTA 3,829.96 +16.96 MANILA 4,333.72 +66.22 KOSPI 1,929.48 +7.44 SHENZHEN B 610.20 +18.69140 words
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Article, Illustration613 2011-10-29 3 Grace Leong - It confounds critics with another set of sterling numbers for Q3 By Grace Leong gleong@sph.com.sg Singapore ANALYSTS who underestimated Marina Bay Sands’ earnings potential this third quarter were promised “egg-wiping face towels” by Las Vegas Sands chairman Sheldon Adelson at the company’s613 words
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756 2011-10-29 4 Kalpana Rashiwala - Marketing blitz aimed at mainland Chinese facing policy controls and rising interest rates at home seen playing part in higher take-up By Kalpana Rashiwala kalpana@sph.com.sg Singapore FOREIGN buying of private homes has risen in the third quarter of this year, show latest756 words
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525 2011-10-29 6 Ven Sreenivasan - Credit Suisse: Sector positioning has played a key role in markedly higher average earnings growth, profitability By Ven Sreenivasan ven@sph.com.sg Singapore IF YOU had invested in the stocks of a fam-ily-controlled entity over the past ten years, chances are that you made more money525 words
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Article, Illustration542 2011-10-29 6 Vincent Wee - Strong Dutch presence, camaraderie in yachting race By Vincent Wee bt wo rl d @s p h .co m .sg ALTHOUGH it has gained a reputation as a kind of mini United Nations of sailing and is one of the highlights of the social542 words
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Page 2 Advertisements
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Advertisement94 2011-10-29 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 Raffles Conversation 8-9 Companies 10-14 Singapore 15-16 World 18-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-35 Smart Money 30-31 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Travel L2-8 Destination Dining L4-5 Style L9 Design L10-11 Watches L1294 words
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Page 3 Advertisements
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Advertisement263 2011-10-29 3 SAXO CAPITAL MARKETS A TRADER'S BEST CALL Vfx fx fx fx f\ Best Speed of Best Research Best Effective Best Integrated Execution and Analytics Risk Management Workflow and and Execution Compliance Strategies Solutions Best Improved Best Improved Best White Overall Market Overall Market Label Solution Share by Volume Share by263 words
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Page 4 Advertisements
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Advertisement91 2011-10-29 4 SINGAPORE —SWEEP— 1 ST PRIZE $2 2 ND p R ZE SUPER SWEEP SNOWBALLED TO ,200,000 $500,000 $250,000 $1,550,000 3 rd PRIZE 1st Prize $2.2 Million 2„4PriKS~00.000 3rd PriiC $250,000 I. Wi-K to*"#* S'? No -m SINGAPORE £>g 11 '2oiim 'sv. <1 Draw No. 11/2011 $3 *****0940 wm aw. ftuau91 words
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Advertisement17 2011-10-29 4 Brand Your Assets Call 1800 289 8822 or 3-mail notices@sph.com.sg to publicise your Financial Statements MATS NOTICES17 words
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Page 5 Advertisements
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Advertisement63 2011-10-29 5 PromotionPeriod:Saturday,October29toMonday,November28,2011 $35 $35 nett set lunch* per person at Jia Wei Chinese Restaurant (Monday to Friday). nettbuffetlunchordinnerperperson atFeast@EastBuffetRestaurant GrandMercureRoxySingaporepresentsaspecialoffer of$35nettperpersonforlunchanddinnerexperiencesyoucannotaffordtomiss! CelebrateTheBusinessTimes’35thanniversarywithagastronomicfeastat JiaWeiChineseRestaurant&Feast@EastBuffetRestaurant. Address:GrandMercureRoxySingapore,50EastCoastRoad,RoxySquare,Singapore*****9 JiaWeiChineseRestaurant,Level2. Forreservations,call*****678oremailH3610-FB7@accor.com Feast@EastBuffetRestaurant,Level3. Forreservations,call*****665oremailH3610-FB3@accor.com Theseofferscannotbecombinedwithothercreditcardpromotionsordiscounts.Priceisexclusiveofbeverages. Thisadvertisementcanbeusedonmultipleoccasionsduringthepromotion. *ApplicablefortheExecutiveSetMenu(worth$42++). THEBUSINESSTIMES th Toenjoytheseoffers,pleasepresentthisadtotherestaurant Anniversary Diningdeals u u u —> FIND THE ONES THAT FIT! Recruit the right people through CATS63 words
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week in review/week ahead
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Article75 2011-10-29 7 US DATA Oct 31 Oct Chicago PMI Nov 1 Sept construction spending Nov 2 Sept ADP (Automatic Data Processing) national employment report Nov 3 Q3 productivity costs Sept factory orders Nov 4 Oct unemployment rate Monthly employment situation survey EVENTS Oct 31 ECB president Jean75 words
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THIS WEEK Oct 24-28, 2011
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44 2011-10-29 7 Property investors with a budget of below $1.5 million are diversifying from the residential sector to other sectors, most notably industrial, in bigger numbers since the government began introducing measures to cool the residential sector in September 2009.44 words
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52 2011-10-29 7 Severe flooding in the region, particularly in Thailand, is threatening a severe food shortage in South-east Asia a spectre that is set to push food prices, particularly those of rice, even higher and extend the 20 per cent rally in rice futures52 words
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Article36 2011-10-29 7 MALAYSIA’S national debt rose by 12.3 per cent to over RM407 billion in 2010 making it the second year running that the debt to GDP stood at over 50 per cent.36 words
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42 2011-10-29 7 MALAYSIAN plantation company Felda Global Group has hired bankers for an initial public offering that would raise as much as US$2 billion next year, sources said, in the third-largest IPO in the country’s history.42 words
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33 2011-10-29 7 RICHARD Eu, the group CEO of Eu Yan Sang International, was named the overall winner of the Ernst Young Entrepreneur of the Year 2011 Singapore awards.33 words
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45 2011-10-29 7 The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.45 words
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44 2011-10-29 7 THE mobile wallet is now one step closer to reality in Singapore. The government has chosen a consortium of seven firms to create and run a nationwide interoperable ecosystem to push the broader adoption of mobile payments.44 words
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50 2011-10-29 7 IN the latest study on board diversity, females take up only 6.9 per cent of the board seats here lower than in Malaysia and China. More than 60 per cent of Singa-pore-listed firms did not have a single woman director last year.50 words
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38 2011-10-29 7 AUSTRALIAN carrier Qantas has yet to apply to set up its new premium airline in Singapore, even as industry talk intensified that it was moving ahead with its plan.38 words
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55 2011-10-29 7 IBM Corp ushered in the first female CEO in the company’s 100-year history on Tuesday. Virginia “Ginni” Rometty, a veteran at the technology giant famous for its conservative corporate culture, will take over as CEO from Sam Palmisano, IBM announced. Mr Palmisano55 words
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Article, Illustration117 2011-10-29 7 SCEPTICS who thought eurozone leaders could not pull off a deal to address the region’s financial crisis had to eat humble pie. The preliminary agreement, though lacking in important details, was obviously good enough for the markets for now. Asian and European stocks surgedAP - 117 words
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70 2011-10-29 7 EXPECT “stalled” or weak growth over the next few quarters, before the Singapore economy makes a modest recovery in the second half of 2012, said the Monetary Authority of Singapore on Thursday. It noted that growth may slow to below its potential70 words
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59 2011-10-29 7 JOURNALISTS from The Business Times swept all four awards from the Securities Investors Association (Singapore) that honour the bestin Singapore’sbusinessreporting scene. While different in style, the four winners Lynette Khoo, Joyce Hooi, Felda Chay and Teh Hooi Ling share traits of tenacity and59 words
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Page 7 Miscellaneous
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Miscellaneous310 2011-10-29 7 CRYPTIC CROSSWORD SATURDAY with Ludwig Across 1 Animals whose food is superior to other animals (8) 6 What many, in panic, make themselves (6) 9 Spasmodic trouble for our airways (6) 10 Lovely girl, outwardly competent (8) 11 The offer of money may make him cross (8) 12 Oral entreaties310 words
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RAFFLES CONVERSATION
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Article, Illustration2529 2011-10-29 8/9 Anna Teo - new rioritie The new priorities of the Duke of York not only focus on promoting UK economic interests, but also include ensuring Britain’s place as a global financial, science and engineering hub.By hub.By Anna Teo anna@sph.com.sg PEERINGthroughread-ing glasses, the Duke of York is tapping away on a2,529 words
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COMPANIES
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Article434 2011-10-29 10 Michelle Tan - Operating expenses rise 15.5% as electricity and diesel costs surge 44% By Michelle Tan michtyz@sph.com.sg RISING energy prices continued to take their toll on SMRT Corp, with its net profit falling 25.6 per cent year on year to $34.1 million for the second quarter ended434 words
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Article, Illustration377 2011-10-29 10 Dolly Chia - By Dolly Chia dchia@sph.com.sg SINGAPORE Post (SingPost) registered a 22.5 per cent year-on-year fall in net profit to $30.6 million for the second quarter ended Sept 30, despite revenue inching up 2.4 per cent to $140.9 million. The three months saw total377 words
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441 2011-10-29 10 Kelly Tay - But parent UIC posts 14% lower net profit of $47.7m By Kelly Tay kellytay@sph.com.sg FOR the third quarter ended Sept 30, Singapore Land Ltd’s (SingLand) net profit rose 13 per cent year-on-year, or $6.3 million, to $56.6 million. Revenue increased $23.2 million,441 words
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337 2011-10-29 10 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg SIA Engineering Company (SIAEC) posted a net profit of $71.2 million for the three months ended Sept 30, 2011, up 7.1 per cent from $66.5 million in the previous corresponding quarter. Performance improved in the second quarter as337 words
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571 2011-10-29 12 Lynette Khoo - It says environment challenging; special audit findings expected before end of next month By Lynette Khoo lynkhoo@sph.com.sg CHINA Gaoxian, where a special audit is still underway, yesterday reported Q2 revenue of225.9 million yuan (S$44.1 million) and a net loss of 179.7 million571 words
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Article458 2011-10-29 12 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg WITH the acquisition of subsea services capabilities over the past financial year, Ezra Holdings has both suffered and gained. On the one hand, the cost of integrating Aker Marine Contractors (AMC) has dented earnings. Net profit for the full year458 words
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Article254 2011-10-29 12 Dolly Chia - By Dolly Chia dchia@sph.com.sg THE first goldmine listing in Singapore made a robust trading debut yesterday, closing at 49.5 cents about 23.8 per cent above its offer price of 40 cents. The start was even more impressive, as CNMC Goldmine opened at 59.5 cents. Its254 words
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246 2011-10-29 12 Conrad Tan - By Conrad Tan conradt@sph.com.sg THE Monetary Authority of Singapore (MAS) has lifted the penalty capital charge it imposed on DBS Group for operational risk after the bank’s massive systems failure in July last year. MAS said DBS had since met all the conditions it246 words
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Article, Illustration625 2011-10-29 13 R Sivanithy - stocks| R Sivanithy sivan@sph.com.sg Senior correspondent EUROPE’S problems have played the central role in stocks coming under pressure throughout the third quarter and it appears as if a sudden resolution of those problems has paved the way for a better final three625 words
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Business briefing
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115 2011-10-29 13 OIL rig builder Sembcorp Marine said yesterday that following the settlement of disputed foreign exchange transactions, its subsidiary Jurong Shipyard can now deduct its losses from foreign exchange transactions for tax purposes for years of assessment 2008 and 2009. “As115 words
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72 2011-10-29 13 STARHILL Global Reit announced a distribution per unit (DPU) of one cent for the third quarter, same as the previous corresponding period. Its income available for distribution fell 2.8 per cent to $21.8 million after net property income dropped 3.7 per72 words
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80 2011-10-29 13 ASCENDAS India Trust (a-iTrust) posted distribution per unit (DPU) of 1.54 cents, down 9 per cent year-on-year from 1.7 cents, for its second quarter ended Sept 30, 2011. Distributable income dipped 9 per cent to $11.8 million from $13.02 million a year80 words
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Article61 2011-10-29 13 BY CENTS CLOSE UP Lyxor AsiaMT 10US$ 5771 424.4 6.3 JMH 5232 410.8 6.7 GLD 10US$ ***** 356.0 1.7 JSH 3059 322.4 9.3 IS S&P500 ***** 268.9 1.7 DBXT Nifty 10US$ ***** 237.7 1.7 DBXT E50 10US$ 3981 236.5 5.0 DBXT MSEurope 10US$ 4475 166.8 3.1 IS DJ61 words
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Article58 2011-10-29 13 BY CENTS CLOSEDOWN DBXT S&P Short 10US$ 4151 -88.4 -1.7 DBXT iBoxxSing 5SG$ ***** -27.0 -0.2 OCBC Bk 5.1%NCPS 100 ***** -10.0 -0.1 ChinaVision 2K HK$ 30 -8.0 -62.5 IEV 46 -7.0 -13.2 Singapura Fin 157 -7.0 -4.3 STI 2850BPePW*****9 15.9 -4.1 -20.5 M1 246 -4.0 -1.6 STI58 words
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279 2011-10-29 13 Moody’s and Fitch have slashed MF Global’s debt rating to junk Reuters FUTURES broker MF Global Holdings Ltd’s Singapore unit is meeting its financial obligations as a clearing member of thecity-state’sderivativesmarket,theSin-gapore Exchange said yesterday. Moody’s Investors Service and Fitch Ratings had on ThursdayReuters - 279 words
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Article112 2011-10-29 13 VOL CLOSE GentingSP 173,648 178.5 8.5 5.0 GoldenAgri 133,650 68 1.5 2.3 CNMC 105,965 49.5 0.0 0.0 NobleGrp 75,082 163 1.0 0.6 IEV 73,072 46 -7.0 -13.2 HanKore 49,874 4.4 -0.3 -6.4 *GentingHK US$ 48,072 31 1.9 5.1 HPHTrust US$ 42,930 68.5 0.6 0.7 CapitaLand 37,433 275112 words
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Article109 2011-10-29 13 Stock name Close Change CapMallsAsia 1.335 +0.040 CapitaLand 2.750 +0.160 CapitaMall 1.890 -0.005 CityDev 10.780 +0.210 ComfortDelGro 1.390 -0.020 DBS Grp 12.800 +0.210 F&N 6.230 +0.040 GLP 1.750 +0.040 Genting SP 1.785 +0.085 Golden Agri 0.680 +0.015 HK Land 5.250 +0.160 JMH 52.320 +3.300 JSH 30.590 +2.590 Jardine109 words
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419 2011-10-29 14 Felda Chay - Higher production and raw material costs eat into higher revenue By Felda Chay feldac@sph.com.sg PALM plantation company Indofood Agri Resources saw an 18.4 per cent drop in net profit for its third quarter from a year earlier, with higher production and raw material costs419 words
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Page 11 Advertisements
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Advertisement2576 2011-10-29 11 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 and2,576 words
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Page 12 Advertisements
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Advertisement173 2011-10-29 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PSEG HOLDING PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration no. *****8617R) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the173 words
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Page 14 Advertisements
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Advertisement535 2011-10-29 14 NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR DISTRIBUTION For the period from 1 April 2011 to 30 September 2011 a-ihrust ascendas india trust ASCENDASINDIA TRUST (Registration Number: *****04) (a business trust registered under the Business Trusts Act, Chapter 31A of Singapore) To: Unitholders of Ascendas India Trust Dear Sir/Madam535 words
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Advertisement19 2011-10-29 14 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings »AT-3 NOTICES19 words
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SINGAPORE
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Article, Illustration636 2011-10-29 15 Mindy Tan - Outlook for office sector looks bleak, recording sharpest quarterly contraction: study By Mindy Tan tanmindy@sph.com.sg REAL estate players’ sentiment about the property market weakened in the third quarter, with office and residential sectors expected to fare worse over the next six636 words
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337 2011-10-29 15 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg A 60-year leasehold industrial plot along Lavender Street/Kallang Avenue yesterday drew a total of six bids, and a top offer of $238 per square foot per plot ratio (psf ppr) at the close of its tender on Thursday.337 words
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522 2011-10-29 15 Ronnie Lim - By Ronnie Lim ronnie@sph.com.sg THE first “megafloat” at Pulau Sebarok a pilot project to store oil on very large floating structures (VLFS) here will be government-led, but private sector-run, as part of ongoing efforts to develop alternative facilities for oil traders in land-scarce Singapore.522 words
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Briefing
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48 2011-10-29 16 SINGAPORE’S leading electronic payments provider, Nets, will be appointing Jeffery Goh as its chief executive officer with effect from Oct 31, 2011. Mr Goh previously co-founded AXS Pte Ltd, a solution provider and operator of an electronic service delivery network.48 words
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71 2011-10-29 16 THE Building and Construction Authority (BCA) has come up with two new manpower development programmes, namely the Diploma Scholarship Programme and the Diploma Sponsorship Programme. They were unveiled by Minister of State for National Development and Manpower Tan Chuan Jin at the BCA Academy’s71 words
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Article, Illustration905 2011-10-29 16 Debby Yong - Don’t harp on preserving Singapore’s food heritage at the expense of contemplating our culinary future saturday soapbox Debby Yong Reporter I AM tired of Singaporean food. But before you murderously shoot satay sticks my way, let me first tell you how I like every patriotic Singaporean mourned905 words
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369 2011-10-29 16 Nisha Ramchandani - Capital to go towards speeding up group expansion, funding growth of its aircraft fleet By Nisha Ramchandani nishar@sph.com.sg GLOBAL aircraft leasing group Avolon is receiving a US$300 million injection of capital from Government of Singapore Investment Corporation (GIC). This brings the total amount369 words
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Page 17 Advertisements
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Advertisement220 2011-10-29 17 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. rt/£ STB 1 r v. 4 STEPS TO QUICK ACCESS: 1 j Visit www.stsubscribe.com: select220 words
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WORLD
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Article, Illustration359 2011-10-29 18 latest us data| The gain was driven by a big increase in purchases of durable goods, such as cars AP Bloomberg Washington US consumer spending rose in September as Americans saved less to fund purchases amid weak income growth, which could cast doubts overAP; Bloomberg; AFP - 359 words
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491 2011-10-29 18 Teh Shi Ning - By Teh Shi Ning tshining@sph.com.sg Perth THE Commonwealth’s watchdog will now be able to act earlier, when any of its 54 member governments veers away from democratic values to violate human rights or breach the rule of law. In what Australian Prime Minister Julia Gillard491 words
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524 2011-10-29 19 Output down 4% in September double the decline expected as exporters struggle with slowing global demand and soaring yen AFP Tokyo JAPAN’s industrial production fell for the first time in six months in September, government data showed yesterday, as the nation’sAFP - 524 words
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Article, Illustration373 2011-10-29 19 Group hires Mandarinspeaking sales staff, plans more China stores Bloomberg Hong Kong CHINA’S growing number of affluent shoppers are fuelling growth at Burberry Group plc, the UK’s largest luxury-goods maker, and making the main Hong Kong store its most productiveBloomberg; PHOTO: AP - 373 words
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244 2011-10-29 20 The two Chinese companies will pay 100m euros for struggling carmaker AP Stockholm TWO Chinese companies have reached a tentative deal to take over struggling carmaker Saab for 100 million euros (S$175.8 million), the company’s Dutch owner Saab Automobile saidAP - 244 words
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332 2011-10-29 20 IDS report comes amid British inquiry into large boardroom pay AFP London BOARDROOMdirectorsat London’stop listedcompanies have seen earnings soar 49 per cent on average in the last financial year thanks to soaring bonuses, independent research showed yesterday. Directors are now averagingAFP - 332 words
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123 2011-10-29 20 AP Perth BRITISH Prime Minister David Cameron has said that the 16 Commonwealth countries of which Queen Elizabeth II is monarch have agreed to remove gender discrimination in the order of succession to the throne. He said that they have also agreedAP - 123 words
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Page 18 Advertisements
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Advertisement479 2011-10-29 18 >«2 [CATS NOTICES FUXING CHINA GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Special General Meeting (“SGM”) of Fuxing China Group Limited (the “Company”) will be convened at FTSE Room, 9th Floor, Capital Tower, 168 Robinson Road, Singapore479 words
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Advertisement35 2011-10-29 19 herworld.com Refer your friend to sign up as a member and win attractive prizes! 4 I 3-NIGHT LUXURY HOLIDAY IN BALI FROM LIGHTFOOT TRAVEL SONY XPERIA™ PLAY AND SONY XPERIA™ RAY SPH magazines SAMSUNG NX20035 words
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Advertisement413 2011-10-29 20 >©>' WATO RECRUIT Toll free 1800-289-8822 Email recruit@sph.com.sg www.cats.com.sg/recruit The Securities and Futures Commission (SFC) is an independent statutory body that regulates the activities of market intermediaries, issuers and market operators in Hong Kong. As well as promoting the fairness, efficiency and competitiveness of the securities industry, we provide protection413 words
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SGX
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Article9913 2011-10-29 24 Transaction date: Oct 28 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 $mil 21 12 8Telecom 13.5 13 15 7.8 4.5 2.8 64.7 9.5 4.1 A-Sonic 4.9 +0.2 5 4.9 4.9 4.9 5.5 2.79,913 words
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Article186 2011-10-29 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 2 5 0 0 0 10 2 5 Manufacturing 65 46 48 5 2 5 70 48 53 Commerce 22 14 17 2 4 2 24 18 19 Tpt/Stor/Comms 21 10 11186 words
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Article817 2011-10-29 24 For week beginning Oct 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Suntec Reit 27-Oct-11 Lim Hwee Chiang *Buy 5993 na ***** 2.21 ***** 2.47 Centillion Env Recyc 27-Oct-11817 words
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Article119 2011-10-29 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 38,041 38,041 145,664 145,664 Manufacturing 213,093 32,457 245,550 238,359 247 238,605 Commerce 157,699 28,054 185,753 229,001 1,273 230,274 Tpt/Stor/Comms 236,151 3,058 239,209 272,786 239 273,025 Finance 28,241 28,241 261,722 261,722 Construction 54,353 20,883 75,236 11,748119 words
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Article82 2011-10-29 25 Oct 27 Source: Bloomberg COCOA (£/tonne) Close Prev High/Low Dec 11 1714 1700 1726/1701 Mar 12 1739 1725 1751/1726 May 12 1752 1740 1762/1744 Jul 12 1766 1754 1776/1761 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1864 1833 1873/1850 Jan 12 1903 1869 1910/1884 Mar 12 1935 1900 1940/191582 words
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Article67 2011-10-29 25 Oct 28 GOLD (US$/oz) Oct 28 Oct 27 Hong Kong 1742.00 unav Oct 27 Oct 26 London 1728.*****6.39 1729.*****7.50 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 44.20 43.54 Source: UOB PLATINUM Lon (US$/oz) Oct 27 Close Previous PM Fix 1608.*****0.00 AM Fix 1603.*****6.00 Source: Thomson Reuters PLATINUM67 words
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Article93 2011-10-29 25 Oct 27 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 11 1235.*****0.*****3.*****0.50 Jan 12 1244.*****9.*****2.*****9.50 Mar 12 1253.*****9.*****2.*****9.50 May 12 1262.*****6.*****0.*****7.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 11 52.11 50.89 52.50 50.95 Jan 12 52.37 51.16 52.76 51.20 Mar 12 52.75 51.53 53.1493 words
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Article57 2011-10-29 25 Oct 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 3000 2980 3000 2965 330 1875 Dec 11 2970 2982 3000 2961 4309 ***** Jan 12 2961 2980 2999 2958 ***** ***** Feb 12 2995 298057 words
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Article81 2011-10-29 25 Oct 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 26.01.2012 0.27 1-Year BY*****W 01.11.2012 0.29 0.25 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.34 5-Year N*****0W 1.125 01.04.2016 102.26 102.4 102.481 words
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Article154 2011-10-29 25 Oct 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3290 1.3294 1.0677 1.0680 Canadian dollar 1.2559 1.2566 1.0090 1.0095 Euro 1.7635 1.7640 1.4168 1.4171 NZ dollar 1.0188 1.0192 0.8185 0.8188 Sterling pound 2.0026 2.0031 1.6089 1.6092154 words
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Article75 2011-10-29 25 Oct 27 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 111.99 2.11 WTI (Near Mth) 94.05 3.27 Dubai (1-Mth F) 106.11 -0.02 Tapis blend 117.30 -1.04 Minas 111.50 -1.04 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.22 0.11 Jet Kerosene 127.40 -0.15 US$/barrel Opec Oil Basket Price75 words
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373 2011-10-29 25 In local curr In S$ In US$ dy yr dy yr dy yr Oct 27 Index Change Change Change Change Change Change World Preliminary 853.4 2.8 -4.9 1.3 -5.3 3.7 -2.8 ‡EAFE Preliminary 713.6 3.4 -10.9 2.7 -8.8 5.1 -6.3 Europe Preliminary 1066.4 4.0 -8.7373 words
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Article118 2011-10-29 25 Oct 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.36 1.296 Can dollar 1.277 1.228 Euro 1.795 1.726 Sterling pound 2.036 1.958 NZ dollar 1.052 1.002 US dollar 1.261 1.213 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article69 2011-10-29 25 Oct 27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2237.00 2195.00 3 months 2255.00 2215.00 Copper, Grade A (US$/tonne) Cash 8142.50 7675.00 3 months 8145.00 7680.00 Lead (US$/tonne) Cash 2017.50 1900.00 3 months 2040.00 1924.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article, Illustration88 2011-10-29 25 YTD change:-8.91% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:-13.09% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: +5.45% 52-week high: 12,876.00 on May 2,2011 52-week low: 10,404.40 on Oct 4,2011 (ChartSource: Bloomberg - 88 words
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Advertisement127 2011-10-29 25 SMX MARKET UPDATE As on 27 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METAL GOLD FUT DEC2011 1748.40 1709.00 1747.60 1723.80 SILVER FUT DEC2011 35.225 33.215 35.105 33.325 CURRENCY AUD-USD FUT DEC2011 1.0660 1.0401 1.0665 1.0312 EUR-USD FUT DEC2011 1.4238 1.3937 1.4214 1.3884 GBP-USD FUT DEC2011127 words
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PERSPECTIVE
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Article, Illustration814 2011-10-29 26 / 27 Robert Samuelson - It’s unclear whether the latest package is a genuine solution or just a stopgap Robert Samuelson Washington THERE’SanOrwelli-an quality to Europe’s latest financial rescue. Words lose their ordinary meaning. Greece, for example, has clearly defaulted, but no one says so. In July, private lenders agreedAP - 814 words
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Article, Illustration834 2011-10-29 26 / 27 Paul Krugman - Paul Krugman ~The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT Reykjavik, Iceland FINANCIAL markets are cheering the deal that emerged from Brussels on Wednesday. Indeed, relative to whatNYT - 834 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1586 2011-10-29 28 / 29 Shane Oliver - They won’t end the European debt crisis, or prevent Europe from falling into recession but they probably will help head off financial melt-down scenario Shane Oliver AMP Capital Investors OCTOBERhasseenastrongre-bound in share markets driven by a combination of improved data out of the USPHOTO: AFP; Source: Bloomberg, AMP Capital Investors - 1,586 words
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BROKERS' TAKE
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Article334 2011-10-29 28 / 29 Kim Eng Research Oct 28 M1, StarHub and SingTel have all confirmed that they will sell the iPhone 4S from Oct 28. The number of plans, monthly commitment fees and other features for each plan are literally the same as the iPhone 4 plans. In our view,334 words
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Article422 2011-10-29 28 / 29 Lynn Kan - Compiled by Lynn Kan Hold OCBC Investment Research Oct 28 Close: S$2.45 THE SATS Ltd Group (SATS) announced it has agreed to sell its whol- ly-owned UK subsidiary Daniels Group (Daniels) to The Hain Celestial Group. The total cash consideration for the Daniels sale is divided into three422 words
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Article, Illustration718 2011-10-29 32 Two major credit ratings agencies have cut their ratings on the firm to junk NYT New York MF Global, the commodities and derivatives brokerage house, was in a fight for its life on Thursday night after the firm drew down its main credit lineNYT; AFP - 718 words
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Article, Illustration1180 2011-10-29 33 Teh Hooi Ling - Breaking up big global banks, curbing their growth beyond a certain size would be a sensible demand show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder ‘FROM Seattle to Sydney, protesters have taken to the streets.AFP - 1,180 words
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SMART MONEY
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Article, Illustration1117 2011-10-29 30 Genevieve Cua - Developments in the last decade have led to an explosion of interest in the asset class. By Genevieve Cua INTEREST in commodities as an asset class has grown tremendously over the last decade. In the mid-1990s, you may be hard-pressed to find an adviser who wouldREUTERS - 1,117 words
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Article, Illustration1430 2011-10-29 31 Genevieve Cua - By Genevieve Cua COMMODITIES are a fairly well-known investment theme. There are quite a few ways to participate, however. Each vehicle will carry market risk which is generally linked to fundamental demand and supply issues as well as investor interest. But quite apart fromBLOOMBERG - 1,430 words
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Article309 2011-10-29 31 IF you are considering including an exposure to commodities, here are some issues to think about: 45Purpose.Areyouinvestingtodiversify your portfolio, or as a pure opportunistic bet? For diversification, experts typically suggest a fairly modest allocation of less than 20 per cent. If you are in for309 words
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WEALTH REAL ESTATE
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1206 2011-10-29 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 13 NON-LANDED 8 Woodleigh Apt 29/09/2011 99 958 1050 1096 Blossoms Woodleigh Apt 29/09/2011 FH 1206 14451,206 words
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Article, Illustration660 2011-10-29 35 Lynn Kan - Crossover to BTO market, with more new flats being launched and higher income ceiling By Lynn Kan lynnkan@sph.com.sg MORE build-to-order (BTO) flats introduced in September and the recent raising of the income ceiling for HDB homebuyers have slowed sales ofFILE PHOTO - 660 words
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411 2011-10-29 35 Uma Shankari - Several residential projects also receive such permission in Q3 By Uma Shankari shankari@sph.com.sg SEVERAL major commercial projects across Singapore bagged provisional permission from the Urban Redevelopment Authority (URA) in Q3 2011. The consortium which is building a $750 million mixeduse project on the411 words
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Advertisement34 2011-10-29 32 Big Walk goes mobile Download from the App Store and get: The latest news on the Big Walk The latest promotions and discounts from our generous sponsors Organiser: Title sponsor: On Air Partner: Partners:34 words
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Advertisement26 2011-10-29 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax26 words
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Advertisement55 2011-10-29 1 LivingTHEBUSINESSTIMESWEEKEND|OCTOBER29-*****1BTTHE BUSINESS TIMES WEEKEND OCTOBER 29-30 2011 DEAL OR NO DEAL Group buying sites and hotels don't always make the best travel mates STYLE Thai label FLYNOW: Flying high L9 DESTINATION DINING Get the English edge L4-5 HEALTH Taking control L14 GADGETS Talking shop L13 TRAVEL Channel hopping L6-7 FILE55 words
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BT Living
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TRAVEL
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Article, Illustration1176 2011-10-29 2 / 3 Debbie Yong - Group buying sites and hotels that target the affluent may not always make the best travel mates.By mates.By Debbie Yong debyong@sph.com.sg IT seemed like a perfect liaison at first. New hotels need the publicity and large hotel chains have empty rooms to fill in low season.PHOTOS (EXCEPT WANDERLUST, ROYAL PLAZA ON SCOTTS): AP, STOCK.XCHNG - 1,176 words
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Article, Illustration863 2011-10-29 2 / 3 Debbie Yong - By Debbie Yong WITH the proliferation of group buying sites in Singapore, a good travel deal is not hard to come by these days, but actually securing it can be hard work. First, you have to purchase the deal within the limited sale period. Then you863 words
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Article, Illustration1802 2011-10-29 6 / 7 Jaime Ee - Visiting Paris or London in the near future? Jaime Ee checks out three establishments worth a stay Jaime Ee jaime@sph.com.sg Le Royal Monceau Raffles Paris 37 Avenue Hoche ***** Paris Z+33 (1) 42 99 88 00 WHEN Philippe Starck embarks on a project, you sort of sit backLE ROYAL MONCEAU PHOTOS BY MARC-TULANE - 1,802 words
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Article, Illustration676 2011-10-29 8 Jaime Ee - By Jaime Ee jaime@sph.com.sg IN THE realm of business travel, at least in Singapore, there seems to be just two options. One airline– and everybody else. It was with such amindset that one embarked on an Etihad Airways flight to Paris would itETIHAD AIRWAYS - 676 words
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DESTINATION DINING
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Article, Illustration962 2011-10-29 4 / 5 Jaime Ee - For a standout dining treat in London, head for Roganic, a new restaurant that serves up a modernist 10-course gastronomic tasting menu. By Jaime Ee jaime@sph.com.sg London Roganic 19 Blandford Street, London W1. Z020 7486 0380 www.roganic.co.uk IN London, everyone in search of restaurant bragging rightsPHOTOS: NETWORK LONDON - 962 words
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Article, Illustration745 2011-10-29 4 / 5 Jaime Ee - A fourth generation baker and a chocolatier are two food artisans in Paris who are raising the stakes By Jaime Ee Paris Gontran Cherrier Artisan Boulanger 22 rue Caulaincourt, ***** Paris, France Z+33 (0) 1 46 06 82 66 www.gontrancherrierboulanger.com YOU sometimes wonder, in the existentialist bakingPHOTOS: ERIC MORIN, MARIE TAILLEFER - 745 words
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Article, Illustration573 2011-10-29 4 / 5 Jaime Ee - By Jaime Ee La Chocolaterie de Jacques Genin 133 Rue de Turenne, ***** Paris Z +3 (01) 4577 2901 IT’S a long way from slaughtering pigs to fashioning dainty pralines out of 70 per cent cocoa and fresh yuzu, but you could say that JacquesPHOTOS: FRANCIS AMIAND - 573 words
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STYLE
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Article, Illustration1153 2011-10-29 9 Melissa Lwee-Ramsay - Thai label FLYNOW is one of the most successful in the country and is looking to spread its wings in Asia-Pacific. By Melissa Lwee-Ramsay mellwee@sph.com.sg DRESSED in a loose white t-shirt, baggy black bottoms with an excruciatingly tiny pair of spectacles perched on his nose, FLYNOW’s founder and1,153 words
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DESIGN
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Article, Illustration1036 2011-10-29 10/11 Geoffrey Eu - Furniture’s new premises, with over 40,000 square feet of retail space spread over three buildings, is a $50 million investment to allow it to achieve its growth potential. By Geoffrey Eu TAKE two pre-war conservation buildings in central Singapore, insert a modern four-storey glass block in thePHOTOS BY YEN MENG JIIN - 1,036 words
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WATCHES
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Article, Illustration609 2011-10-29 12 Dylan Tan - Two independent watch brands go back in time to find inspiration for their new groundbreaking creations. Circular yet unconventional Back to school texts By Dylan Tan dylantan@sph.com.sg MB&F Legacy Machine No 1 FOR the first time ever, MB&F unveiled aroundtimepiece– theLegacyMachine (LM)No 1 but save for609 words
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GADGETS
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Article, Illustration781 2011-10-29 13 Christopher Lim - Apple’s iPhone 4S virtual assistant, Siri, makes talking to your phone an unexpectedly fun experience, but it’s far from the only gadget you can talk to. By Christopher Lim limchris@sph.com.sg Siri (free with Apple iPhone 4S) A BIG reason people queued up for Apple’s spanking new iPhone 4S781 words
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HEALTH
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Article, Illustration834 2011-10-29 14 Cheah Ui-Hoon - There’s no one ‘best’ contraception method, but those not ready to be pregnant should use at least one effective method. By Cheah Ui-Hoon COULD Singaporeans be relying on abortion to prevent childbirth, or are the women here just less fertile than usual? Be- cause despite the high literacy834 words
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Article201 2011-10-29 14 Cheah Ui-Hoon - By Cheah Ui-Hoon WHILE women here don’t like or find it inconvenient to take a pill a day if they’re on oral contraception, the irony is that taking a daily pill is now an option for men if they want to overcome erectile dysfunction (ED). Men201 words
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Article, Illustration944 2011-10-29 15 Chong Yeh Woei - When dealing with infections, doctors need to have some clear ideas what to look for.By for.By Chong Yeh Woei btnews@sph.com.sg I SEE infections in my patients on a daily basis. Quite a number come in with coughs and colds, some come in with diarrhoea, cramps and vomitingSTOCK.XCHNG - 944 words
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SPORT
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Article, Illustration577 2011-10-29 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor ASIA’s richest national golf open–theUS$6millionBarclays Singapore Open (BSO) is proving that it is not only big on prize money, but also its desire to give back to the less fortunate. In what is a first in theFILE PHOTO - 577 words
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618 2011-10-29 16 steve dawson - chequered flag with steve dawson ~Steve Dawson presents STAR Sports’ (mio TV Ch 115) coverage of the inaugural Indian Grand Prix tomorrow. Catch it ‘live’ online on ESPN Player, on Mobile ESPN and in high-definition on ESPN HD (Ch 117)618 words
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GOLF
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Article, Illustration1136 2011-10-29 17 Justine Moss - It’s now time for other players on the Tour to step up to the green and take their turn in the spotlight. By Justine Moss btnews@sph.com.sg BACK when Tiger Woods was the undisputed No 1 player in men’s golf, it seemed that the man with the auraPHOTOS: AP - 1,136 words
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MOTORING
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Article, Illustration582 2011-10-29 18 Samuel Ee - New engines and 4Motion system make for a more refined new model. By Samuel Ee samuelee@sph.com.sg LATELY, Volkswagen has been introducing new models faster than you can say “Das Auto”. The latest is the VW Tiguan SUV. This compact sport-utility-vehicle has all-wheel-drive but is more soft-roader thanrugged 4x4–582 words
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Article, Illustration852 2011-10-29 19 Samuel Ee - ROADJourney to the wild and windy moor of the English Lake District ROADJourney in a Volvo V70. By Samuel Ee samuelee@sph.com.sg ANYONE who has grown up on a strict diet of early British pop would have been introduced to the concept of the wild and windy moor byPHOTOS: SAMUEL EE - 852 words
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Article, Illustration521 2011-10-29 20 CY Chew - A journey from Bangkok to Chiang Mai in a BMW 730Ld proves the large saloon is a fuel sipper. With lots of pedal to the metal action followed by heavy braking, the 730Ld never felt like a lumbering giant and best of all, the trip521 words
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Article265 2011-10-29 20 CY Chew - By CY Chew BMW’S inline six-cylinder diesel engine is normally rated at 245 hp but for Thailand, it has been detuned to 218 hp for tax reasons. Still the straight six generates a whopping 540 Nm at 1,750rpm and combined with a smooth shifting six-speed automatic transmission,265 words
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Advertisement837 2011-10-29 8 wine&dine with BTWeekend Chatterbox Level 5, Mandarin Orchard Singapore, 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 with837 words
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Advertisement284 2011-10-29 10/11 AS IAN \M A 8 I I 8/0 000H2X3O o SDOQOOQ o MtoeqyOO A month-long Celebration of Asia's Cuisines, Culture and Lifestyle Savor Asia's finest from 1 30 November 2011 m c Si VS M J > w J, m i m M K m Si* jSji' r i 3284 words
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