The Business Times, 16 June 2012

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Microfilm: NL32036
Total Pages: 48
1 20 The Business Times
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 GSTI 2,811.00 (+37.19) GSTI FUTURES 2,811 (+37) GSIMSCI 324.15 (+5.59) GSIMSCI FUTURES 325.00 (+6.50) Friday Change KL COMP 1,579.23 +8.29 NIKKEI 225 8,569.32 +0.43 HANG SENG 19,233.94 +425.54 SET 1,165.73 +12.72 JAKARTA 3,818.11 +26.49 MANILA 4,930.63 -90.22 KOSPI 1,858.16 -13.32 SHENZHEN B 629.33 +0.93 MUMBAI IND 16,949.83 +271.95 12noon
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      • Article
        Lock icon PRIME RATES
        28 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.327 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 14.75 Source:
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      • Article
        Lock icon FOREX
        48 2 us$ s$ US$ (S$ per US$) 1.275 (US$/S$ per 1.550 1.977 EURO(US$/S$/E) 1.262 1.609 Foreign currency per US$ S$ YEN 79.00 61.90 RM 3.169 2.485 HK$ 7.760 6.085 BAHT 31.53 24.73 RUPIAH 9,435 7,399 RENMINBI 6.365 4.992 INDIAN RUPEE 55.73 43.70 A$ 0.997 0.782 NZ$ 1.275 1.000
        48 words
    • Article, Illustration
      Lock icon Q1 unemployment rate edges up to 2.1% in softer market
      749 2  -  MOM sees better job outlook for Q2 as employers likely to hire, expecting better business conditions By Chuang Peck Ming peckming@sph.com.sg Singapore JOB figures for the Janu-ary-March quarter confirm earlier estimates showing that the labour market has softened, with the
      Source: Ministry of Man power  -  749 words
    • Article, Illustration
      Lock icon New private home sales drop 31.8% in May from April’s high
      925 3  -  Consultants point to fewer major launches, buyers holding back for lower prices By Mindy Tan tanmindy@sph.com.sg Singapore NEW private home sales in May fell to its lowest since the beginning of this year, breaking developers’ three-month long streak of
      925 words
    • Article, Illustration
      Lock icon World prepares for the worst after Greek polls
      807 4 Central banks ready to take action to stabilise financial markets Reuters Brussels AUTHORITIES in the world’s major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend should radical leftists win and cast doubt on
      Reuters; AFP  -  807 words
    • Article
      Lock icon Oanda to halt forex trading on Sunday during Greek polls
      385 4  -  Off-market trading platform provider fears margin calls By Jamie Lee leejamie@sph.com.sg Singapore OANDA, the only global provider offering off-market, weekend trading in the foreign exchange (forex) markets, will halt trading for most parts of Sunday for fear that Greek elections
      385 words
    • Article, Illustration
      Lock icon April retail sales below expectations
      507 5  -  Weak month due to car sales; tourism expected to boost revenue By Cai Haoxiang haoxiang@sph.com.sg Singapore RETAIL sales in April grew 2.2 per cent year-on-year, which was below analyst expectations of 5 to 9 per cent. Compared to a month ago, retail sales fell 0.9
      AP  -  507 words
    • Article
      Lock icon LTA, SMRT aim to improve train service reliability
      413 5  -  They look to cut trains pulled out of service by 30% By April Chye capril@sph.com.sg Singapore THE Land Transport Authority and train operator SMRT aim to cut the number of trains pulled out of service on the North-South and East-West lines by
      413 words
    • Article
      Lock icon Winbuild Petrofin loses bunker licence
      462 6  -  Company breached conditions of its bunker supplier licence, says MPA By Lynn Kan lynnkan@sph.com.sg Singapore WINBUILD Petrofin Pte Ltd has fallen foul of its bunkering licence terms and has become the first local bunker supplier to have its bunker licences cancelled by the Maritime and
      462 words
    • Article, Illustration
      Lock icon ProMarine catches the tide of regional yachting interest
      628 6  -  It puts money on Singapore as the hub of growth for South-east Asia By Timothy Loh timloh@sph.com.sg Singapore YACHTING is still a “small, formative industry” in Singapore, but is gaining traction steadily, especially among younger Singaporeans, according to Alan Pickering, managing director
      628 words
    • Article
      Lock icon Rajat Gupta convicted of insider trading
      240 6 Bloomberg New York RAJAT Gupta, who reached the pinnacle of corporate America as managing partner of McKinsey Co and as a director at Goldman Sachs Group Inc and Procter Gamble, was convicted by a federal jury yesterday of leaking inside information to hedge-fund manager
      Bloomberg  -  240 words
    • Article
      Lock icon Entertainment engg degree on the cards
      650 8  -  UNLV’s Singapore campus to enrol 50 students in initial cohort By Wang Xin Min wangxm@sph.com.sg Singapore WITH global gaming revenues expected to hit US$130 billion by year-end, the stakes of car- ving a larger slice of the global gaming and entertainment pie are high.
      650 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      60 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Investing 32-33 House Hunt 34 Real Estate 34-35 LIVING Travel L2-4 Destination Dining L5 Dining L6-9 Home Garden L10-11 Design
      60 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      49 5 MATS RECRUIT NTUC Income has vacancies in Customer Service 3M is recruiting a Plant Finance Manager Singex Venues has positions open in Operations Rockwell Automation is hiring a Process Engineer GE Aviation Services is looking for a Procurement Executive Check out more than 500 jobs available in CATS Recruit
      49 words
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  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      510 8 UP YOUR MANAGEMENT SKILLS Utilising areas of Productivity, Social Media Negotiation Who should attend: Corporate Communications Professionals, Human Resource Professionals, Head Hunters, Search firm owners, Team Leads, Departmental Heads, Operational Managers, Supervisors Register at www.stjobs.sg/seminars FULL-DAY WORKSHOPS Transforming Service Breakdown to Opportunities Monday, 18 June SPH News Centre (9.30am to
      510 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • this week June 11-15, 2012
      • Article
        Lock icon Spain ring fenced with 100b euro bank bailout
        76 9 SPANISH Prime Minister Mariano Rajoy hailed a bailout of up to 100 billion euros (S$160 billion) for its ailing banks as a victory for the common currency and an endorsement of his policies, saying also that the deal would not affect the
        76 words
      • Article
        Lock icon Investors unwisely chasing bonds and ignoring equities
        47 9 GLOBAL equities are offering the best value relative to bonds since the 2008-2009 bear market. Such has been the flight into US, German and UK bonds that their yields have fallen below inflation rate, and are negative in real terms.
        47 words
      • Article
        Lock icon Khazanah unit lines up big backers for IPO
        58 9 THE outfit that snapped up Parkway Holdings is all set to list in Singapore and Kuala Lumpur next month, backed by powerful cornerstone investors. BT has learnt that IHH Healthcare, which is controlled by Malaysian state agency Khazanah Nasional, has roped in
        58 words
      • Article
        Lock icon Industrial land tenure halved to 30 years
        80 9 THE Ministry of Trade and Industry is halving the maximum tenure for industrial sites under its land sales programme to 30 years to make industrial property more affordable to genuine industrialists. The tenure reduction applies to nine larger plots in the slate of
        80 words
      • Article
        Lock icon Exports beat expectations with 3.2% rise in May
        67 9 MAY’S non-oil domestic exports came in stronger than expected with year-on-year growth of 3.2 per cent, just above the 3 per cent that the market was looking at. It would have been down sharply from April’s NODX growth of 8.3 per cent,
        67 words
      • Article
        Lock icon EDB refines its refinery strategy
        47 9 SINGAPORE may shut the door on new greenfield refineries, at least for a while. Instead, in a strategic twist, the world’s third biggest oil refining centre will get existing players like Shell, ExxonMobil, PetroChina and Chevron to upgrade or expand their facilities.
        47 words
      • Article
        Lock icon China’s troubles worse than they look
        42 9 CHINA is witnessing a slowdown on several fronts. The recent trade data might have evoked a rare cheer, but the situation looks dire for leading indicators such as demand for coal, electricity usage, and retail sales.
        42 words
      • Article, Illustration
        Lock icon Land dose to quench thirst for cheaper homes
        83 9 SATISFYING the demand for more affordable private homes seems to be the government’s focus in its land sales programme for the second half of 2012. Most sites in the confirmed list of the Government Land Sales programme are in the suburban Outside
        FILE PHOTO  -  83 words
      • Article
        Lock icon Growth risks looming larger than inflation concerns
        45 9 INFLATION expectations among economy watchers worsened even as they upgraded their growth forecast for the year. But the numbers alone don’t reflect the current thinking of economists that growth risks are starting to loom larger than inflation concerns.
        45 words
      • Article
        Lock icon Spain in danger zone, fears spread to Italy
        62 9 SPAIN was gripped by a financial crisis yesterday and the contagion virus swept across to Italy, with the markets unimpressed by eurozone leaders. In particular, nerves are frayed ahead of Greek elections on Sunday which could determine whether Germany and other senior
        62 words
      • Article
        Lock icon Asia-Europe container freight rates continue slide
        58 9 CONTAINER freight rate hikes have lost their momentum and rates on the Asia-Europe route slid for the fifth week in a row, but there is still life in container plays. Carriers have, to date, proposed and implemented more than US$1,600 per twenty-foot equivalent unit
        58 words
      • Article
        Lock icon Dual-class shares back in the spotlight
        28 9 MANCHESTER United’s latest change of heart on its listing destination throws the issue of du-al-class share structure into the spotlight once again.
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    • Article
      Lock icon THIS WEEK June 18-22, ’12
      80 9 US DATA June 19 May housing starts June 21 May existing home sales CHINA DATA June 18 70 cities home price June 20 PMI flash manufacturing index SINGAPORE DATA June 18 May non-oil exports EVENTS June 18 G-20 summit (to June 19) Iran and six
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      300 9 CRYPTIC CROSSWORD Across 7 Rather inferior wine I bottled, rouge with no body (8) 9 Band together once more? No kidding (6) 10 Spirits supplied by good landlords (6) 11 Singular person who amuses perfectionist (8) 12 Book a week in it, local resort (1,4,4,5) 15 Woodhouse or Wodehouse finally
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      15 9 SATURDAY with Ludwig For Father’s Day I finally got the TV remote as a present
      15 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Lord of the City
      2464 10 / 11  -  David Wootton, London’s Lord Mayor, talks to Vikram Khanna about his role in promoting the City in the wake of the financial crisis Vikram Khanna vikram@sph.com.sg IN THE course of his one year in office as Lord Mayor of London which started last November, David Wootton
      ARTHUR LEE  -  2,464 words
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  • COMPANIES
    • Article
      Lock icon Radiance gets nod for RTO
      436 12  -  By Kelly Tay kellytay@sph.com.sg Singapore Singapore DESPITE their discontent over having to bear a reduced stake in Radiance Group Ltd, minority shareholders of the mainboard-listed firm yesterday approved a US$49 million reverse takeover (RTO) deal with Global Invacom Holdings Ltd (GIHL). Voting saw all eight
      436 words
    • Article
      Lock icon STX shares gain on news of large contract wins
      437 12  -  Two deals lift 2012 order wins to above 6 billion krone, higher than expected By Lynn Kan lynnkan@sph.com.sg Singapore STX OSV Holdings’ two-contract quick step announced on Thursday beat analysts’ full year order expectations and spurred its stock price back into
      437 words
    • Article, Illustration
      Lock icon SIA passenger load factor up in May
      286 12  -  By Victoria Ho vhoip@sph.com.sg Singapore Singapore SINGAPORE Airlines has reported higher passenger load factor (PLF) for May, which was up 2.2 percentage points at 75.8 per cent from a year ago. Systemwide passenger carriage (measured in revenue passenger kilometres) recorded a year-on-year improvement
      ALPHONSUS CHERN/THE STRAITS TIMES  -  286 words
    • Article, Illustration
      Lock icon Deutsche Bank sets sights on SGD bonds
      561 13  -  It wants to lead the charge in taking the Singapore corporate bond market international By Siow Li Sen lisen@sph.com.sg Singapore THE Singapore dollar (SGD) bond market has been growing steadily and it’s time to make that leap into the international arena if it
      561 words
    • Article, Illustration
      Lock icon Another shining week for gold likely
      748 13 Bloomberg London GOLD traders are bullish for a fourth consecutive week after hedge funds added to bets that prices will rally, exchange-traded products (ETPs) backed by the metal expanded and Europe’s debt crisis roiled markets. Twenty-four analysts surveyed by Bloomberg said they expect gold
      Bloomberg; REUTERS  -  748 words
    • Article, Illustration
      Lock icon Traders bet on market backing by central banks
      975 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent TRADERS yesterday bet on central banks bailing markets out if Greece’s Sunday elections result in anti-austerity parties forming the country’s government. The bet was also that central banks will have enough money to bail out Spain
      975 words
    • Business briefing
      • Article
        Lock icon Novo expects FY2012 loss
        50 14 NOVO Group Ltd warned that it expects to record a loss for the year ended April 30, 2012, because of the unpredictable economic situation, growing fears of the sovereign debt crisis spreading in Europe, concerns over a hard landing in China, and a weak US economy.
        50 words
      • Article
        Lock icon Avi-Tech warns of significant loss
        75 14 AVI-TECH Electronics Ltd issued a profit warning for the financial year ending June 30, 2012. Based on preliminary financial figures, the group said its results will be hit by the poor performance of its US subsidiaries. The group’s burn-in services business segment also reported a
        75 words
      • Article
        Lock icon BFC conversion benefits K-Reit Asia unitholders
        113 14 BFC Development Pte Ltd, which holds Marina Bay Financial Centre Towers 1 2 and Marina Bay Link Mall Phase I, has been converted to BFC Development Limited Liability Partnership (BFCD LLP), said K-Reit Asia Management Ltd, the manager of K-Reit Asia. K-Reit Asia owns
        113 words
      • Article
        Lock icon Chasen wins contracts worth $4.2m
        109 14 CHASEN Holdings Ltd, which specialises in relocation solutions for machinery and equipment, said the group, through its subsidiaries, has secured a series of contracts worth about $4.2 million. Hup Lian Engineering Pte Ltd, the group’s 51 per cent-owned subsidiary, was awarded four additions and alterations
        109 words
    • Article
      Lock icon DBS Vickers upbeat on hospitality sector
      179 14 Reuters Singapore SINGAPORE’S tourist arrivals in April rose 9 per cent from a year ago, and could point to a record-break-ing performance for hoteliers in the second quarter, which will benefit the hospitality sector, said DBS Vickers. The brokerage also said the Singapore Tourism
      Reuters  -  179 words
    • Article
      Lock icon Singapore accused of ‘regulatory arbitrage’
      574 15  -  FT correspondent questions MAS’s rejection of mandatory OTC derivatives trading on centralised platforms By Jamie Lee leejamie@sph.com.sg Singapore SINGAPORE’S rejection of mandatory trading of over-the-counter (OTC) derivatives on exchange or electronic platforms can be seen as a subtle form of regulatory arbitrage, said a senior
      574 words
    • Article
      Lock icon EVA promotes ‘employee capitalism’
      528 15  -  By Wang Xin Min wangxm@sph.com.sg Singapore “VALUE, not size” is crucial in determining a firm’s growth, says Joel Stern, chairman and chief executive officer of Stern Stewart Co and creator of the economic value added (EVA) measure. Speaking at a forum at the Singapore Management University
      528 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      88 12 NOTICE This is to inform that the following individuals are no longer in the employment of CONSISTEL PTE LTD (the “Company”): Name NRIC No. Effective Date Chan Hee Mun SXXXX367Z 4thApril 2012 Ong Chee Syan SXXXX720A 25thApril 2012 Tan Chun Chuen SXXXX040D 9th May 2012 Malcolm Effective from the dates
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      32 13 Jalan Mutiara m3rtJSl r-r T 9 V —7 ,'V r,^ LATITU D E*** (freehold condo for immediate occupation) Viewing by Appt (Sole Agency): *****070 Henson Pang V CEA Registration: R*****3A ERA L*****82K
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Retailers win with mobile payments
      973 16  -  FROM THE DESK OF Matthew Talbot Senior Vice-President Mobile Commerce Sybase 365 TWO recent announcements prove that retailers are very much in the mobile payments game. First, The Wall Street Journal reported that Walmart and Target were among two dozen retailers collaborating on a mobile
      973 words
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  • SINGAPORE
    • Article
      Lock icon More sending staff for productivity courses
      510 17  -  Employers see benefits of Workforce Skills Qualification training By Rachel Au-Yong rachelay@sph.com.sg COMPANIES which send their staff for productivity-improving courses are feeling the buzz. It adds up to less wastage, more time saved, and improved safety procedures, they say. Last year, Mr Cheng Yew
      510 words
    • Article
      Lock icon JTC puts Tuas plots up for sale
      182 17  -  By Michelle Tan m i c htyz@s p h .co m .sg SINGAPORE’S largest industrial landlord, JTC Corporation, has launched five land plots along Tuas South Street 7, 8 and 9 for tender under the Industrial Government Land Sales (IGLS) Programme. All the
      182 words
    • Article, Illustration
      Lock icon Vital’s clean water project for Siem Reap
      264 17  -  By Glenn Choo gchoo@sph.com.sg A SINGAPORE government agency may have been the first in the public sector to take its corporate social responsibility overseas, when a group of 13 civil servants spent a week in Siem Reap in Cambodia building bio-sand filters to
      264 words
    • Article
      Lock icon Nomura’s regional head of investment banking quits
      252 17 Patrick Lee believed headed for Stanchart Reuters NOMURA’S head of investment banking for South-east Asia, Patrick Lee, is leaving after four years at the Japanese firm and is expected to join Standard Chartered. Mr Lee’s departure was announced by Nomura in an inter-
      Reuters  -  252 words
    • Article, Illustration
      Lock icon Convenience is its prime selling point
      556 18  -  Storefriendly aims to become the 7-Eleven of the self-storage industry in Singapore By Wang Xin Min wangxm@sph.com.sg WHILE the term “self-storage” is typically associated with bulky warehouses in far-flung locations, one company aspires to revamp the concept of self-storage in Singapore by becoming the
      556 words
    • Article, Illustration
      Lock icon NatGeo scientist thrills with nature in classroom
      553 18  -  By Audrey Tan audreyt@sph.com.sg PUTTING three reptiles, including a 2.5-metre-long constrictor python, in a room of kindergarten children may not seem like a good idea, but National Geographic scientist Brady Barr reckons this will expose budding environmentalists to what many of us have
      553 words
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  • WORLD
    • Article
      Lock icon Japan close to deal on higher sales tax
      470 19 Ruling and opposition parties about to endorse plan to raise tax while deferring decision on social security Reuters Tokyo JAPAN’S ruling and opposition parties have inched closer to a rare political deal on a sales tax increase that could mark a breakthrough
      Reuters  -  470 words
    • Article, Illustration
      Lock icon AirAsia boss ‘glad’ Malaysia Airlines tie-up failed
      422 19 AFP Kuala Lumpur AIRASIA boss Tony Fernandes has called the collapse of a tie-up with struggling flag carrier Malaysia Airlines a relief that will free him up to focus on his fast-grow-ing budget carrier. In his most extensive comments to date on the
      AFP; BLOOMBERG  -  422 words
    • Article, Illustration
      Lock icon Stanford sentenced to 110 years for Ponzi scheme
      412 19 AFP Houston, Texas FINANCIER and cricket mogul Allen Stanford was sentenced to 110 years in jail for a US$7 billion Ponzi scheme on Thursday, closing the book on the flamboyant ex-tycoon’s stunning fall from grace. “This is one of the most egregious
      AFP; REUTERS  -  412 words
    • Article, Illustration
      Lock icon Nokia’s plunge makes it target for takeover
      612 20 It forecasts bigger losses, will cut 10,000 jobs Bloomberg New York NOKIA Oyj’s steepest stock drop in more than a decade is turning the mo-bile-device maker into a potential takeover target for buyers willing to bet that it still has a future in
      Bloomberg; AP  -  612 words
    • Article
      Lock icon Kenanga in RM875m deal with ECM
      412 20  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur K&N Kenanga Holdings plans to acquire the investment banking and broking businesses of ECM Libra Financial Group for RM875 million (S$352 million) in a deal that will result in the former becoming the largest independent investment bank in
      412 words
    • Article, Illustration
      Lock icon UK to give banks cheap credit to boost lending
      620 21 Bank of England to pump £5b monthly into the country’s financial system AP London BRITAIN’S government and the Bank of England have outlined a series of emergency measures designed to kick-start lending by banks and to protect the country’s economy from
      AP; REUTERS  -  620 words
    • Article
      Lock icon Raising a child in America costs over US$250k
      480 21 And that doesn’t include a college education: govt report Reuters New York IT takes a bundle of cash to raise a bundle of joy in the United States. New parents can expect to spend more than a quarter of a million dollars
      Reuters  -  480 words
    • Article
      Lock icon Coke plans to return to Myanmar after 60 yrs
      338 21 AP New York THE Coca-Cola Co plans to start selling its drinks in Myanmar for the first time in 60 years, following the US government’s decision to suspend investment sanctions on the country for its democratic reforms. Myanmar is one of
      AP  -  338 words
    • Article, Illustration
      Lock icon Key consumer sentiment index falls in June
      643 22 Consumer confidence declines to lowest level this year; May industrial production slumps LATEST US DATA Bloomberg Washington CONFIDENCE among US consumers declined in June to the lowest level this year as the labour market showed few signs of improving. Industrial production also fell
      Bloomberg; AFP  -  643 words
    • Article
      Lock icon BOJ on alert to maintain order after Sunday’s Greek election
      552 22  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) held off any further monetary easing yesterday but promised to do its utmost to ensure the stability of the nation’s financial system if the outcome of tomorrow’s Greek election should
      552 words
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  • Page 22 Advertisements
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  • Article
    Lock icon SGX
    7890 23 Transaction date: Jun 15 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 16 11.5 8Telecom 13.5 13.7 13.9 66.8 0.4 3.2 64.7 8 3.8 A-Sonic 3.8 -0.4 10 3.8 3.8 4 4.5 3.4 27.2
    7,890 words
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  • Article
    Lock icon SGX CATALIST
    1697 26 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 $mil 34 12.1 t 800 Super 17.4 15.9 17.4 4.7 3.2 6.7 31.1 4 2.5 t AA Grp 3.6 2.7 3.7 3.5 159 30 t APStrategic
    1,697 words
  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 3 0 0 0 9 3 3 Manufacturing 60 35 32 10 5 11 70 40 43 Commerce 19 17 13 4 1 1 23 18 14 Tpt/Stor/Comms 23 10 7
    186 words
  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    773 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 11 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Aspial Corp 14-Jun-12 Koh Wee Seng Buy 48 0.45 *****9 14.10 *****7 14.11 China Powerplus 13-Jun-12 Tan
    773 words
  • Article
    Lock icon SECURITIES TRADING TURNOVER
    121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN SDQ TOTAL Multi Ind 17,112 17,112 67,601 67,601 Manufacturing 211,435 42,649 254,084 209,486 1,631 211,116 Commerce 179,831 1,910 181,741 98,194 86 98,280 Tpt/Stor/Comms 80,664 6,974 87,638 142,852 1,771 144,623 Finance 15,416 15,416 155,691 155,691 Construction 138,519 5,670 144,189 12,296
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 Jun 14 COCOA (£/tonne) Close Prev High/Low Jul 12 1580 1568 1588/1556 Sep 12 1561 1551 1570/1533 Dec 12 1528 1523 1536/1506 Mar 13 1512 1504 1520/1491 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2093 2090 2101/2069 Sep 12 2104 2099 2110/2081 Nov 12 2088 2084 2092/2062 Jan 13 2058
      80 words
    • Article
      Lock icon METALS
      68 27 Jun 15 GOLD(US$/oz) Jun 14 Jun 15 Hong Kong 1728.00 1632.00 Hong Kong Jun 13 Jun 14 London 1620.80 1620.34 1621.74 1621.52 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 37.11 36.44 Source: UOB PLATINUM Lon (US$/oz) Jun 14 Close Previous PM Fix 1485.00 1460.00 AM Fix 1485.00
      68 words
    • Article
      Lock icon PALM OIL
      53 27 Jun 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 2810.00 812 Jul 12 2870.0 2839.00 2873.0 2838.0 326 8104 Aug 12 2881.0 2846.00 2885.0 2839.0 ***** ***** Sep 12 2884.0 2850.00 2890.0 2844.0 7455 *****
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 27 Jun 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 13-Sep-12 0.27 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.19 5-Year N*****0Z 2.375 01-Apr-17 108.96 109.10 109.03 10-Year NX*****X
      86 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jun 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2781 1.2790 1.0024 1.0029 Canadian dollar 1.2456 1.2465 0.9769 0.9774 Euro 1.6087 1.6097 1.2617 1.2622 NZ dollar 0.9997 1.0003 0.7841 0.7844 Sterling pound 1.9765 1.9772 1.5502 1.5504
      154 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      125 27 As on 14 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 538.55 534.10 539.20 207 CURRENCY EUR-USD FUT JUN2012 1.2580 1.2545 1.2603 1186 EUR-USD FUT SEP2012 1.2609 1.2603 1.2614 4 BASE METAL COPPER FUT JUL2012 7399 7340
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    • Article
      Lock icon CHICAGO BOT
      103 27 Jun 14 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 12 1386.00 1408.25 1415.75 1384.00 Aug 12 1363.75 1377.75 1385.00 1359.00 Sep 12 1334.25 1343.25 1350.75 1328.75 Nov 12 1308.75 1319.75 1324.75 1302.25 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 12 48.00 49.10 49.29 47.98
      103 words
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      Lock icon OIL
      74 27 Jun 14 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 97.08 -0.64 WTI (Near Mth) 84.07 1.70 Dubai (1-Mth F) 94.12 -0.85 Tapis blend 102.08 -0.46 Minas 102.98 -0.46 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.89 0.56 Jet Kerosene 111.21 -0.39 US$/barrel OpecOil Basket Price 95.22
      74 words
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      Lock icon I FOREIGN CURRENCY | NOTE RATES
      119 27 I FOREIGN CURRENCY NOTE RATES Jun 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.310 1.248 Can dollar 1.277 1.217 Euro 1.651 1.573 Sterling pound 2.024 1.947 NZ dollar 1.030 0.981 US dollar 1.297 1.248 Local dollars to 100 units of foreign currency: Currencies
      119 words
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      Lock icon LONDON METALS
      71 27 Jun 14 Jun 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1954.00 1925.75 3 months 1954.00 1964.00 Copper, Grade A (US$/tonne) Cash 7420.00 7376.00 3 months 7420.00 7390.00 Lead (US$/tonne) Cash 1920.00 1885.25 3 months 1920.00 1900.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 14 Index Change Change Change Change Change Change World Preliminary 844.7 0.3 1.8 0.5 -0.2 0.4 1.0 EAFE Preliminary 669.6 -0.2 -1.8 0.0 -4.8 -0.2 -3.7 Europe Preliminary 997.6 -0.2 -2.8
      373 words
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      Lock icon STOCKS
      109 27 Straits Times Index YTD change: +6.22% 52-week high: 3,227.28 on Aug 1,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg Hang Seng Index YTD change: +4.34% 52-week high: 22,835.00 on July 8,2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: +4.89% 52-week high:
      Source: Bloomberg  -  109 words
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  • PERSPECTIVE
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      Lock icon The Republican crack-up
      954 28 / 29  -  It’s not just their policies, but even the ugly rhetoric used by many party leaders and activists reflects an inclination towards conspiracy theories and racism Leon Hadar Washington correspondent HERE is an interesting ‘what-if?’ speculation. What if Ronald Reagan the former twoterm US president who is regarded
      AFP  -  954 words
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      Lock icon China opens doors to bond market
      928 28 / 29  -  By Geoffrey Lunt ~Geoffrey Lunt is investment director for Asian currencies at HSBC Global Asset Management. CHINA’S interest rate cut has garnered a great deal of attention from the global press. Commentators have cited it as evidence that the Chinese economy is slowing down
      928 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Focus on goals of your investments
        978 30 / 31  -  Use longevity to your advantage; living longer means more years to invest for the long term and people shouldn’t need to worry about running out of money Genevieve Cua gen@sph.com.sg Personal Finance Editor THE temptation to succumb to fear and sell assets may be
        978 words
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        Lock icon BROKERS' TAKE
        672 30 / 31  -  Compiled by Jamie Lee Singapore developers DMG Partners Research, June 15 PRIMARY sales moderate in May: May saw total developer sales of 1,702 units (2,057 units including ECs), down 31.6 per cent month-on-month (m-o-m) and up 8.1 per cent year-on-year (y-o-y) as primary sales moderate, arguably in the
        672 words
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        Lock icon The role of gold in a time of crisis
        915 32  -  Should Greece exit the eurozone, this will deeply impact gold prices as well as the euro WEALTH INSIGHT Ronald Ip ~The writer is director of Wealth Solutions Group, HSBC Global Markets A SAN alternative “currency”, gold is highly sensitive to movements
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        Lock icon California hedge fund is latest euro crisis casualty
        1009 33  -  It’s tough to beat Greece, Spain, the ECB, the IMF, Beijing, Merkel and the Fed, says the manager. By Saijel Kishan By Saijel Kishan Bloomberg HEDGE-FUNDmanager Paul Sinclair is the latest casualty of Europe’s sov-ereign-debt turmoil, almost six thousand miles away from
        Bloomberg; AP  -  1,009 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1069 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 16 AND 22, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 15 LANDED Frankel Estate 3-Ter 16/05/2012 FH 1872 3280 1752 NON-LANDED Blu Coral Apt 16/05/2012 FH 872 950
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        Lock icon US homeowners paying their way out of debt
        899 35 Mortgage debt decreasing as more Americans pay down principal, reduce loan terms LATWP Boston AMERICANS are digging themselves out of mortgage debt. Home equity in the first quarter rose to the highest level since 2008 as homeowners taking advantage of record-low borrowing
        LATWP; AFP  -  899 words
      • Article
        Lock icon UK home prices up in May but brokers see no rebound
        261 35 Bloomberg London UK HOUSE prices rose the most in nine months in May, according to Acadametrics Ltd, which said the gain may not signal the start of a rebound by the country’s property market. The average price of a
        Bloomberg  -  261 words
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      134 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. I' U THE WATCH THAT BROKE ALL THE RULES, REBORN FOR 2012. IN 1972, THE ORIGINAL ROYAL OAK SHOCKED THE WATCHMAKING WORLD AS THE FIRST HAUTE HOROLOGY SPORTS WATCH TO TREAT STEEL AS A PRECIOUS METAL, TODAY THE NEW ROYAL OAK
      134 words
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      55 1 LivingBTTHE BUSINESS TIMES WEEKEND JUNE 16 -17 2012 DESTINATION DINING Food theatrics L5 BY GEORGE, WHAT A CITY! George Town is fast becoming a canvas for artists L2-3 DESIGN Gilt-edged Brit design L12-13 PHOTO: ERNEST ZACHAREVIC GADGETS Leaping lappies L14 DINING The Pollen effect L8-9 GOLF Boost for junior golf
      55 words
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  • BT Living
    • TRAVEL
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        Lock icon By George, what a city!
        1699 2 / 3  -  George Town is fast becoming a canvas for artists and drawing tourists, especially in July, because of its annual George Town Festival. Could art put the World Heritage City onto the contemporary art travel map? By Cheah Ui-Hoon By Cheah Ui-Hoon Lithuanian artist Ernest Zacharevic
        1,699 words
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        Lock icon TASTY TREATS
        613 4  -  Penang might be best known for its hawker food, but some new restaurants are worth a try, especially when you’ve loaded up enough on char kway teow calories. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg Kwong Sang House (above) 36 Leith Street Opening hours: Mon-Wed, 6pm-1am; Fri-Sun, 12pm-1am;
        613 words
    • DESTINATION DINING
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        Lock icon Food theatrics
        854 5  -  Paul Pairet’s new multi-sensory restaurant in Shanghai is somewhat like dinner and a movie really good ones, consumed at the same time. Here’s a spoiler alert, says Lim Sio Hui Lim Sio Hui btnews@sph.com.sg Ultraviolet, Shanghai (location undisclosed) Bookings can be made at +86 21 6142 5198 or
        854 words
    • DINING
      • Article, Illustration
        Lock icon Pancake Passion
        1535 6 / 7  -  A renaissance of sorts has taken place here in recent times. By Geoffrey Eu btnews@sph.com.sg THEY may not stack up so well in the comfort food stakes against perennial favourites such as pizza and prata, but signs are that pancakes are gaining popularity in Singapore, a city where
        PHOTOS OF JUICY BEEF PATTY AND SHUFFLE MY TRUFFLE BY JOHN HENG  -  1,535 words
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        Lock icon The Pollen effect
        1036 8 / 9  -  Michelin starred chef Jason Atherton unveils his new restaurant Pollen in just under two weeks. Tan Teck Heng digs deeper into the seeds of his widely anticipated venture Tan Teck Heng thtan@sph.com.sg Pollen Flower Dome, Gardens by the Bay 18 Marina Gardens Drive, #01-09 www.pollen.com.sg info@pollen.com.sg WHEN
        PHOTO BY JOHN HENG; PHOTOS OF DESSERTS COURTESY OF COLIN CLAGUE, PHOTO OF RESTAURANT COURTESY OF UNLISTED COLLECTION  -  1,036 words
      • Article, Illustration
        Lock icon Garden setting
        888 8 / 9  -  When the Gardens by the Bay opens on June 29, there will be nearly 10 F&B options for visitors to choose from, catering to different tastes and budgets. By Tay Suan Chiang and Tan Teck Heng By Tay Suan Chiang, Tan Teck Heng taysc@sph.com.sg Cafe Crema and Verandah
        888 words
    • HOME & GARDEN
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        Lock icon CLOSE COMFORT
        1019 10 / 11  -  There is a kampung spirit among the residents of this Pasir Ris development as Tay Suan Chiang finds out personal space Tay Suan Chiang taysc@sph.com.sg CONSERVATIVE homeowners may shy away from living at this private development at Pasir Ris, but not the Ang family. The condominium comprises 28
        PHOTOS BY JOHN HENG  -  1,019 words
    • DESIGN
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        Lock icon GILT-EDGED BRIT DESIGN
        2368 12 / 13  -  Five gold winners in the British furniture realm show how the old world melds seamlessly with modern sensibilities. By Tay Suan Chiang taysc@sph.com.sg WITH the Olympic Games going into full gear in London next month, all eyes will be on the more than 10,000 athletes who will
        TERENCE CONRAN FOR BENCHMARK; MATTHEW HILTON FOR CASE  -  2,368 words
    • GADGETS
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        Lock icon Leaping lappies
        588 14  -  Doting dads who give a wide berth to high-tech instant gratification are not immune to temptation. Here are two top-of-the-line powerhouses that make for hernia-free Father’s Day gifts. By Christopher Lim By Christopher Lim limchris@sph.com.sg Apple MacBook with Retina Display ($2,988-$3,788) The entire Apple MacBook range was updated
        588 words
    • STYLE
      • Article, Illustration
        Lock icon Tribute to Her Grace
        562 15  -  Princess Grace of Monaco is the inspiration behind Montblanc’s latest collection. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg MANY girls grow up dreaming of becoming princesses or movie stars, but it’s only the rare one or two who get to achieve both of these ambitions. That
        562 words
      • Article
        Lock icon Beijing store is Montblanc’s biggest
        293 15 THE Beijing Sanlitun boutique is the biggest concept store for Montblanc in the world an indication of how much the brand has been making inroads into China, and also how important the Chinese market is as the brand’s sales growth there has been “in the
        293 words
    • SPORTS
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        Lock icon A Euro with plenty of excitement
        657 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent BY all accounts, Euro 2012 has had a smashing first week. Wonder goals, come-from-behind victories, controversial dismissals and the fact that Holland, one of the pre-tournament favourites, is on the brink of taking an early flight home.
        AP  -  657 words
      • Article, Illustration
        Lock icon Federer – overshadowed but still great
        613 16  - Federer overshadowed but still great grand slam with Christy simson ~Christy Simson is a presenter on ESPN SportsCenter (mio TV Ch 114) every weekday at 7.30pm. Catch Wimbledon from June 25 onwards on STAR Sports, in high-definition on ESPN HD and on Mobile ESPN BEFORE I start, I want to
        613 words
    • GOLF
      • Article, Illustration
        Lock icon Boost for junior golf
        1367 17  -  A host of initiatives has been launched to raise the level of Singapore’s young golfers. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN founder and CEO Donna Lee started KinderGolf in 2000 out of a passion and commitment to teaching juniors, she conducted her first lessons
        1,367 words
    • MOTORING
      • Article, Illustration
        Lock icon Space wagon
        656 18  -  The best feature of the turbodiesel Chrysler Grand Voyager 2.8L TDI has to be its cabin space and versatility. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE quintessential American MPV now has a rather uncharacteristic engine under the hood a turbodiesel. The Chrysler Grand Voyager 2.8L DI is
        656 words
      • Article, Illustration
        Lock icon INFINITI DEFINED
        738 19  -  The M37 S achieves a good balance between traditional luxury and athletic performance. By Samuel Ee samuelee@sph.com.sg SOME have been curious about the Infiniti brand since it arrived late last year. Most prospective buyers know it is the luxury division of Nissan with a strong presence in the
        738 words
      • Article, Illustration
        Lock icon GRAN SPORT
        918 20  -  The Maserati GranTurismo Sport is one of Pininfarina’s most beautifully styled cars that will withstand the test of time. By KL Tay By KL Tay btnews@sph.com.sg AS PART of the strategy that car manufacturers use to counter the pressures of market competition, Maserati has introduced the GranTurismo Sport
        918 words
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      857 6 / 7 wine&dinewith BTWeekend Triple Three 333 Orchard Road (5th floor)Z6831-6288 Named after the address of the hotel, Triple Three showcases a sumptuous international buffet spread with over 128 culinary delights and 10 LIVE cooking stations. In addition to the freshest sashimi and sushi, tempura and teppanyaki specials, Triple Three prides itself
      857 words
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      258 15 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a
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