The Business Times, 9 August 2012

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Total Pages: 38
1 40 The Business Times
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  • TOP STORIES
    • MARKETS
      • Article
        STOCKS
        58 2 HSTI 3,052.25 (-15.49) HSTI FUTURES 3,038.00 (-10.00) HSIMSCI 350.61 (-0.72) HSIMSCI FUTURES 349.40 (-0.30) Wed Change KL COMP 1,635.92 +4.80 NIKKEI 225 8,881.16 +77.85 HANG SENG 20,065.52 -7.03 SET 1,214.13 +5.94 JAKARTA 4,090.71 +5.13 MANILA 5,308.67 +24.51 KOSPI 1,903.23 +16.43 SHENZHEN B 581.39 -5.60 MUMBAI IND 17,600.56 -1.22 12noon
        58 words
      • Article
        PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.732 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
        29 words
      • Article
        FOREX
        48 2 US$ S$ US$ (S$ per US$) 1.244 (US$/S$ per 1.558 1.939 EURO(US$/S$/€) 1.237 1.539 Foreign currency per US$ S$ YEN 78.40 63.00 RM 3.105 2.495 HK$ 7.755 6.232 BAHT 31.50 25.31 RUPIAH 9,470 7,611 RENMINBI 6.366 5.116 INDIAN RUPEE 55.17 44.33 A$ 0.947 0.761 NZ$ 1.228 0.987
        48 words
    • Article
      APB and F&N shares up on Kindest offer
      670 2  -  Some expect Heineken to sweeten offer; ThaiBev ready to share APB’s control with Heineken By Emilyn Yap emilyny@sph.com.sg Singapore Singapore INVESTORS yesterday jumped into the expensive takeover game unfolding around Asia Pacific Breweries (APB), propelling shares of the Tiger beer brewer and
      670 words
    • Article, Illustration
      Small car COEs rocket to new high of $73,501
      606 4  -  Premiums rise across the board into ‘unchartered territory’ By Nisha Ramchandani nishar@sph.com.sg Singapore CERTIFICATE of Entitlement (COE) premiums ended higher across the board in the latest bidding exercise, with the COE premium for small cars shooting up more than expected to
      FILE PHOTO  -  606 words
    • Article, Illustration
      S&P cuts Greece’s debt rating outlook to negative
      503 4 AFP Bloomberg Washington STANDARD Poor’s (S&P) cut Greece’s debt rating outlook to negative on Tuesday, saying the worsening economy and political challenges could soon force another downgrade. With Greece’s sovereign credit rating already at junk-level CCC, S&P said Athens’ lenders are likely
      AFP; Bloomberg  -  503 words
    • Article
      Bank tries to get away with slap on wrist
      813 5  -  Reports say it’s seeking to settle with US regulators by paying a fine; analysts expect bank to retain US licence STANDARD CHARTERED SCANDAL By Neil Behrmann btworld@sph.com.sg London IN A move to rescue its reputation, Standard Chartered has moved swiftly to
      813 words
    • Article, Illustration
      It’s business as usual, says StanChart S’pore
      577 5  -  By Siow Li Sen lisen@sph.com.sg Singapore STANDARD Chartered Bank (SCB) yesterday assured local customers that it was business as usual, even as its Singapore chief executive was identified as the New York executive who in 2006 raised the red flag over the bank’s
      FILE PHOTO  -  577 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      28 2 CONTENTS NEWS Top Stories 2-5 Being Singaporean 6-8 Companies 9-12 Singapore 13-14 World 15-21 Olympics 22 Aviation/Shipping 23-27 Perspective 28-29 Stocks Stats 30-34 House Hunt 35 Property 35-40
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      Page 3 Advertisements Column 1
      164 3 K m WA Va a /f is with great pride and joy that we mark the phenomenal 47-year journey of Singapore. Today, we express our love for this amazing country that we call home and reaffirm the bond we enjoy with fellow Singaporeans. Driven by a like-minded vision to reach
      164 words
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  • BEING SINGAPOREAN
    • Article, Illustration
      QFB banks deepening their roots in S’pore
      1159 6  -  Local incorporation spells benefits for both QFB banks and the banking consumers here By Wang Xin Min wangxin@sph.com.sg AS Singapore celebrates its 47th National Day, many Singaporeans would no doubt continue to pledge their commitment towards the nation. Over at the banking sector,
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    • Article, Illustration
      Small island, large neuroses, big love
      696 7  -  I have never seen a nation of people more hard on itself despite achievements of dazzling proportions Joyce Hooi joyceh@sph.com.sg Correspondent WHEN you’re growing up, you’re told a series of well-inten-tioned lies. “You can be anything you want to be” being the biggest porky.
      696 words
    • Article, Illustration
      I regarded myself as a Singaporean even before I became one
      675 7  -  Lee U-Wen leeuwen@sph.com.sg Correspondent A DECADE ago on this very day, while I was still in National Service, I was one of 120 proud police officers picked to march in the guard-of-honour contingent at the National Day Parade. We
      675 words
    • Article, Illustration
      Making meaningful Singapore souvenirs makes his day
      630 8  -  Kevin Choe gets a sense of fulfilment from designing products that evoke a more contemporary Singapore By Andrea Soh sandrea@sph.com.sg HE spent almost half his life outside of Singapore. But now, life has come full circle for entrepreneur Kevin Choe who runs a
      ARTHUR LEE  -  630 words
    • Article
      J Y Pillay heads this year’s National Day honours list
      627 8  -  By Malminderjit Singh msingh@sph.com.sg Singapore FORMER top civil servant and the man who made Singapore Airlines into one of the best airlines in the world, J Y Pillay, heads this year’s National Day honours list. Mr Pillay, currently chairman of
      627 words
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  • COMPANY NEWS
    • Article
      One-off expenses widen NOL Q2 loss
      543 9  -  Excluding one-time charges, group registers a turnaround for its core earnings before interest and taxes By Jamie Lee leejamie@sph.com.sg Singapore NEPTUNE Orient Lines (NOL) yesterday posted a bigger net loss for the second quarter compared to a year earlier, dragged down by one-off expenses
      543 words
    • Article, Illustration
      SembMarine bags US$4b drillship order from Sete Brasil
      422 9  -  By Angela Teng angeteng@sph.com.sg Singapore SEMBCORP Marine (SembMarine), through wholly owned Jurong Offshore Pte Ltd, has secured contracts worth US$4.03 billion to design and build five drillships for Sete Brasil. Its announcement yesterday came a day after rival Keppel Corp disclosed that
      BLOOMBERG  -  422 words
    • Article
      Regulations tightened for fund managers in S’pore
      481 9  -  By Emilyn Yap e m i ly ny@s p h .co m .sg Singapore THE Monetary Authority of Singapore (MAS) has introduced new rules for fund managers here, tightening capital, competency, audit and other requirements. The changes took effect on Tuesday and were
      481 words
    • Article, Illustration
      StarHub Q2 profit up 11% as operating revenue grows
      572 10  -  Pay-TV sales up 12% as more subscribers pay for Euro 2012 broadcast in June By Victoria Ho vhoip@sph.com.sg Singapore STARHUB’S profit for the second quarter ended June 30 rose 11 per cent year on year to $87 million, thanks to revenue
      BLOOMBERG  -  572 words
    • Article
      Rotary’s Q2 profit hit by thinner margins
      406 10  -  By Ronnie Lim ronnie@sph.com.sg Singapore ROTARY Engineering recorded Q2 net profit attributable to shareholders of $1.03 million one-tenth the amount it made a year ago hit by thinner margins from keen competition and delays in the commencement of certain projects, such as civil
      406 words
    • Article, Illustration
      Creative in the red for third consecutive year
      519 11  -  US$18.9 million net loss in fiscal Q4 brings full-year net loss to US$84 million By Teo Si Jia teosj@sph.com.sg Singapore CREATIVE Technology suffered a net loss of US$18.93 million for its April-June fiscal fourth quarter. Although narrower than the previous corresponding quarter’s
      BLOOMBERG  -  519 words
    • Article
      Yangzijiang Q2 profit falls 9%
      394 11  -  By Carine Lee carinel@sph.com.sg Singapore YANGZIJIANG Shipbuilding (Holdings) Ltd posted a 9 per cent year-on-year fall in net profit to RMB878.2 million (S$172 million) for the second quarter ended June 30, 2012. Turnover rose 13 per cent from a year earlier to RMB3.94 billion, buoyed
      394 words
    • Article
      Venture Corp’s Q2 profit slips 19.9%
      272 11  -  By Jasmine Ng jasng@sph.com.sg Singapore ELECTRONICS services provider Venture Corp recorded a 19.9 per cent drop in second-quarter profit to $33.61 million, as its top line shrank. As a result, earnings per share for the three months ended June 30 eased to 12.2 cents
      272 words
    • Article, Illustration
      Focus on Golden Agri, F&N and small caps
      980 12  -  STOCKS Ven Sreenivasan ven@sph.com.sg Senior Correspondent CAUTION ruled the day on the Singapore bourse yesterday following several sessions of gains which lifted the Strait Times Index (STI) to its highest levels in 14 months. With many market players deciding to take money
      980 words
    • Business briefing
      • Article
        Koon unit inks $21m PSA deal
        71 12 KOON Holdings’ Koon Construction and Transport Co Pte Ltd has inked a $21.0 million deal with PSA Corporation for construction works at a berth in its Pasir Panjang Terminal 2. The infrastructure works, beginning this month and expected to end in the third quarter
        71 words
      • Article
        Navigator talks non-binding: LionGold
        55 12 AMID speculation that it has placed a A$38 million bid for debt-ridden Western Austral- ian goldminer Navigator Resources, LionGold has come out to say that they have had “non-binding confidential discussions regarding a potential transaction”. It has urged shareholders to exercise caution with trading its shares
        55 words
      • Article
        Midas expects poorer results
        54 12 MIDAS Holdings said in a profit guidance that its financial results for the second quarter and half year ended June 30 are expected to be significantly lower. It cited lower revenue, higher operating and finance costs, as well as losses from its associated company, Nanjing SR
        54 words
    • Article
      Petra Foods’ Q2 net profit up 7.2%
      364 12  -  By Angela Teng angeteng@sph.com.sg Singapore PETRA Foods, a manufacturer and supplier of cocoa ingredients and branded consumer confectionery products, posted a 7.2 per cent rise in its second-quar-ter net profit to US$15.9 million. This translated into earnings per share of 2.6 US cents,
      364 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Han: I did not benefit from China project
      779 13  -  Former F&N and DBS Land CEO accused of taking over China project with own vehicle after he sued for wrongful removal By Cai Haoxiang haoxiang@sph.com.sg FORMER Fraser Neave and DBS Land CEO Han Cheng Fong ended his testimony on the witness stand
      779 words
    • Article, Illustration
      Credit to sponsors at BT Wine Night
      193 13  -  By Christopher Lim limchris@sph.com.sg PRESENTING sponsor HSBC Visa Infinite helped the BT Wine Night take flight at Changi Airport’s exclusive JetQuay CIP Terminal on July 24. Refreshments served on this journey navigated with the help of wine expert Lim Hwee Peng were presented
      ARTHUR LEE  -  193 words
    • Article
      Ascott clinches management contract for Manila property
      309 13  -  By Michelle Tan michtyz@sph.com.sg AMID the ongoing property boom in the Philippines, CapitaLand’s wholly-owned serviced residence business unit, The Ascott Ltd has taken the opportunity to secure a management contract for a new serviced residence at a key business and financial district in
      309 words
    • Article
      Asian CEOs less confident about economy
      409 14  -  Lowest level recorded in the history of the three-year-old survey by YPO By KENNETH FOO CONFIDENCE levels among Asian chief executive officers declined in the last quarter, as more business leaders said that economic conditions would worsen in the next six months, a recent
      409 words
    • Article, Illustration
      Average hotel room rate here highest in region, after HK
      472 14  -  But both markets post smallest growth in revenue per available room in H1 By Nisha Ramchandani nishar@sph.com.sg BOLSTERED by a steady stream of visitors, Singapore’s average hotel room rate was trending sec-ond-highest in the region in the first half of
      FILE PHOTO  -  472 words
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  • WORLD
    • Article, Illustration
      Asia business confidence falters as China slows: CEOs survey
      495 15 The YPO Global Pulse Index for the region falls 1.8 points to 60.1 in the latest quarterly poll AFP Hong Kong ASIA has been a ray of sunshine in the global economic gloom, but a confidence survey released yesterday shows the
      AFP; AP  -  495 words
    • Article
      Turkish economic miracle draws German businesses
      483 15 AFP Frankfurt AS Europe battles its never-end-ing debt crisis, Turkey, with its flourishing economy, is increasingly attracting the attention of German companies, as well as German-born Turks in search of a job. The Turkish economy is the envy of the crisis-wracked eurozone: its gross
      AFP  -  483 words
    • Article
      Queen’s jubilee leaves British industry with hangover as output slumps
      364 15 AFP London MANUFACTURING output in re-cession-hit Britain slumped by the largest amount in almost four years in June as the country celebrated Queen Elizabeth’s diamond jubilee, official data showed Tuesday. Production dropped 2.9 per cent in June from May to
      AFP  -  364 words
    • Article
      Prices of land around JPO set to rise further
      529 16  -  Genting Plantations is to enter second phase of Johor Premium Outlet in Kulai Jaya over the next few years By Pauline Ng Kuala Lumpur RISING land prices around the Johor Premium Outlet (JPO) in Kulai Jaya look set to climb further
      529 words
    • Article, Illustration
      Remarkable first year in office for Yingluck
      642 16 AP Bangkok AS she marks a year in office this week as Thailand’s first woman prime minister, Yingluck Shinawatra’s biggest boast could be about what hasn’t happened during that time: a return to the chaos that has racked the country for much of
      AP  -  642 words
    • Article
      M’sia June trade surplus strong, but imports slow
      415 16 Reuters Kuala Lumpur MALAYSIA achieved its biggest trade surplus in three months in June, buoyed by energy exports, but a drop in imports of intermediate goods could mean the country’s trade-reliant economy may be starting to feel the pinch from global economic
      Reuters  -  415 words
    • Article
      Japan H1 current account surplus hits record low
      597 18  -  Trade deficit surges to record high on soaring oil and gas imports following nuclear disaster By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S current account surplus fell to a record low in the first half of this year as its trade deficit surged to
      597 words
    • Article, Illustration
      Japan earnings paint grim global picture
      374 18  -  REUTERS BREAKINGVIEWS By Wayne Arnold btworld@sph.com.sg Hong Kong AT FIRST glance Japan Inc’s earnings look dazzling. Operating profits at the country’s four biggest manufacturers quintupled in the latest quarter, relative to the same period last year. Growth in the United States and a post-tsunami
      374 words
    • Article
      Electricity output data may have overstated China’s slowdown
      612 18 Electricity’s relevance as economic indicator is receding: analysts Bloomberg Beijing A STAGNATION in electricity output that fanned speculation China’s slowdown is intensifying may instead be evidence of an accelerated transition to a more ser-vices-based economy. The government will release information on July
      Bloomberg  -  612 words
    • Article
      Generation Y cools auto demand in US
      533 19 Industry learning that smartphones, laptops, tablet devices are higher priorities for them WP SOUTHFIELD, Michigan THE auto industry says it’s concerned that financially pressed young people who connect online instead of in person could hold down peak demand by 2 million units each
      WP  -  533 words
    • Article, Illustration
      More than one million people battle Philippine floods
      481 19 AFP Manila MORE than a million people in and around the Philippine capital battled deadly floods yesterday as more monsoon rain fell, with neck-deep waters trapping both slum dwellers and the wealthy on rooftops. Sixty per cent of Manila remained under water
      AFP; REUTERS  -  481 words
    • Article
      French wealth tax plan chills business class
      578 20 As Hollande’s 75% tax on high earners looms, some executives are weighing option of leaving the country NYT Paris THE call to Vincent Grandil’s Paris law firm began like many others that have rolled in recently. On the line was the well-paid chief
      NYT  -  578 words
    • Article, Illustration
      Paris cutting car traffic along the Seine
      530 20 NYT Paris A DREAM project of the Socialist mayor of Paris to reduce car traffic along the banks of the Seine has been unblocked by France’s new Socialist government. Mayor Bertrand Delanoe, who has pushed the use of bicycles and now electric cars
      NYT; AFP  -  530 words
    • Article
      Worker productivity rises 1.6% in Q2
      554 21 GDP expands at a slower pace as limited jobs growth prompts Americans to curb spending LATEST US DATA Bloomberg Washington THE productivity of US workers rebounded in the second quarter as employers sought to protect earnings by squeezing more out of existing staff. The
      Bloomberg  -  554 words
    • Article
      German industrial output, exports fall
      420 21 AP Berlin GERMAN industrial production and exports dropped in June, official data showed yesterday underlining concerns that Europe’s debt crisis is increasingly weighing on the region’s biggest economy. Industrial production was down 0.9 per cent in June compared with the previous month, the Economy Ministry
      AP  -  420 words
    • Article, Illustration
      Cash-strapped Greeks ditch cars for bikes
      348 21 Reuters Athens GREECE’S dire economic crisis has put cash-strapped Greeks on their bikes once snubbed as a sign of poverty or just plain risky and Greek manufacturers are shifting into fast gear. The high cost of road tax, fuel and repairs is forcing Greeks
      Reuters; REUTERS  -  348 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      599 17 Senior Management and Professionals in Customer Service, Brand Management, Public Relations Advertising, Sales and Marketing, Business Development; Entrepreneurs and individuals aspiring to be effective leaders. 2012 AUGUST SERIES Effective Leadership Customer Service Skills Who should attend: FULL-DAY WORKSHOPS Register at www.stjobs.sg/seminars 23 Aug, 2012 (Thu) Unlock Your Personal Charisma The
      599 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      87 19 WATS NOTICES EAMES GROUP PTE. LTD (In Members’ Voluntary Liquidation) Company Reg. No. (UEN) *****5534C NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50, that the Final Meeting of the abovenamed Company will be deemed held pursuant to section 184G of the Companies Act, Cap
      87 words
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  • LONDON OLYMPICS 2012
    • Article, Illustration
      Russian prevents China sweep in diving
      634 22 Twist in 3m springboard final as favourite Qin Kai’s ‘play safe’ last dive gives Zakharov the gold Reuters AFP London IT was a case of who-dares-wins in the men’s three-metre springboard diving on Tuesday, and a cautious Qin Kai was left thun-der-struck after Russia’s
      Reuters; AFP; AP  -  634 words
    • Article
      Race for best photos down to the wire
      651 22 Reuters London WHEN Canada’s Ben Johnson accelerated across the 100 metres finishing line in 9.79 seconds at the 1988 Seoul Olympics it took about 1-1/2 hours to get the shot to newspapers. When Usain Bolt blitzed the 100m at the London Games
      Reuters  -  651 words
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      20 22 Afterthe8th Chen-Chiang summit More mainland investment willbe allowed inTaiwan? will be allowed To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      20 words
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  • AVIATION
    • Article, Illustration
      Cathay Pacific posts HK$935m loss in H1
      546 23 Fuel costs behind biggest first-half loss in a decade AP Hong Kong CATHAY Pacific Airways Ltd, Hong Kong’s biggest airline, posted its biggest first-half loss in a decade yesterday because of persistently high fuel prices, the global economic slump and poor air cargo
      AP  -  546 words
    • Article
      American Air may face record US penalties over safety
      559 23 Bloomberg Washington AMR Corp’s American Airlines may face the largest penalties ever pursued by the US Federal Aviation Administration (FAA) for safety violations, according to a bankruptcy court filing. The agency’s cases, several of which have never been disclosed, may lead
      Bloomberg  -  559 words
    • Article, Illustration
      Fraport sticks to outlook for flat net profit
      354 24 Operating profit at aviation business expected to drop due to spending on measures to cut runway noise Reuters Frankfurt FRAPORT AG now expects operating profit at its aviation business, which runs Frankfurt airport, to decline this year as it spends money on
      Reuters; BLOOMBERG  -  354 words
    • Article
      FAA revising rules after Reagan National airport incident
      527 24 Bloomberg Washington THE US Federal Aviation Administration (FAA) is changing air traffic control procedures after a July 31 incident that brought three regional planes too close to each other at Washington’s Ronald Reagan National Airport. The incident, in which two planes were
      Bloomberg  -  527 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      323 23 Across 1 Guide’s turn of phrase (6) 4 Having sign of damage to bodywork outside, watch sound racing vehicle (5,3) 10 Bring on popular dog (5) 11 Person going to court having simple falling-out (9) 12 Film director collapsed near island (7) 13 Less interesting flannel (7) 14 Criminal began
      323 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      31 26 Legal services required by shippers owners Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327. The Business Times Shipping Times I I
      31 words
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  • SHIPPING
    • Article, Illustration
      Tanker glut expanding on fewer bookings
      544 27 Survey shows shipbrokers see 16.5% more VLCCs for hire over next 30 days, 1.5% up Bloomberg Hong Kong THE surplus of the largest oil tankers available to load cargoes in the Persian Gulf expanded as the number of vessels booked to haul crude to
      Bloomberg; BLOOMBERG  -  544 words
    • Article
      THE BUSINESS TIMES SHIPPING TIMES
      1900 25 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE STXPO TBN Antwerp/UK Destination STXPO TBN
      1,900 words
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  • PERSPECTIVE
    • Article, Illustration
      Mario Draghi’s Guns of August
      954 28 / 29  -  Even if there is further bad news for Europe from Greece or China the eurozone could begin to move out of crisis mode this month. By Kemal Dervis By Kemal Dervis Washington, DC AUGUST has been a dangerous month in European history, but this year
      AFP  -  954 words
    • Article, Illustration
      Japan destined to see a new order emerge?
      1026 28 / 29  -  Anthony Rowley Tokyo Correspondent JAPANESE politics is, or so it might appear, about to revert to the status quo ante ante, that is 2009, when more than half a century of virtually unbroken rule by the Liberal Democratic Party (LDP) was ended
      1,026 words
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  • Article
    SGX
    8089 30 Transaction date: Aug 8 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 15.5 11.4 8Telecom 13.4 12.2 15.4 66.8 0.4 3.2 64.2 6.3 3.2 A-Sonic 3.7 -0.3 8 3.7 3.7 3.8 4.2 3.5 26.5
    8,089 words
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  • Article
    SGX CATALIST
    1809 33 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 $mil 20.5 12.1 t 800 Super 18 +0.1 31 18 17.9 18 18.5 4.7 3.1 7 32.2 4 2.5 t AA Grp 3.8 2.9 4.1 3.7
    1,809 words
  • Article
    SECURITIES TRADING SCOREBOARD
    186 33 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 7 0 0 0 4 6 7 Manufacturing 34 74 38 7 12 5 41 86 43 Commerce 22 22 18 7 2 4 29 24 22 Tpt/Stor/Comms 5 22 10
    186 words
  • Article
    BT SHARE INFORMATION SERVICE
    793 33 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 6 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) IPC Corp 6-Aug-12 Oei Hong Leong Buy ***** na *****5 23.10 *****4 25.39 GKE Corp 6-Aug-12 Kwan
    793 words
  • Article
    SECURITIES TRADING TURNOVER
    123 33 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,485 17,485 79,965 79,965 Manufacturing 228,593 30,771 259,364 381,420 729 382,149 Commerce 193,572 2,489 196,061 145,209 275 145,484 Tpt/Stor/Comms 85,448 16,984 102,432 164,546 5,172 169,718 Finance 51,491 1,496 52,987 167,512 624 168,136 Construction 59,423 10,035
    123 words
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  • Article
    LIFFE
    79 34 Aug 7 COCOA (£/tonne) Close Prev High/Low Sep 12 1672 1642 1673/1649 Dec 12 1658 1630 1660/1636 Mar 13 1630 1606 1631/1612 May 13 1626 1602 1627/1606 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2199 2228 2238/2190 Nov 12 2194 2215 2223/2186 Jan 13 2171 2188 2194/2163 Mar 13 2162
    79 words
  • Article
    METALS
    69 34 Aug 8 GOLD(US$/oz) Aug 08 Aug 07 Hong Kong 1618.30 1620.00 Hong Kong Aug 07 Aug 06 London 1609.76 1611.89 1610.64 1613.11 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 35.08 34.43 Source: UOB PLATINUM/ Lon (US$/oz) Aug 07 Close Previous PM Fix 1410.00 1396.00 AM Fix 1409.00
    69 words
  • Article
    PALM OIL
    57 34 Aug 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 2850.0 2874.0 2850.0 2785.0 119 1781 Sep 12 2862.0 2884.0 2874.0 2810.0 1531 ***** Oct 12 2899.0 2907.0 2911.0 2854.0 ***** ***** Nov 12 2912.0 2933.0
    57 words
  • Article
    GOVERNMENT SECURITIES
    88 34 Aug 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 08-Nov-12 0.24 0.2 0.2 6-Month BS*****S 07-Feb-13 0.25 1-Year BY*****T 02-May-13 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.09 5-Year N*****0Z 2.375
    88 words
  • Article
    INTERBANK CURRENCY RATES
    154 34 Aug 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3133 1.3148 1.0559 1.0562 Canadian dollar 1.2474 1.2487 1.0031 1.0029 Euro 1.5387 1.5401 1.2371 1.2372 NZ dollar 1.0123 1.0144 0.8139 0.8149 Sterling pound 1.9382 1.9401 1.5583 1.5586
    154 words
  • Article, Illustration
    SMX MARKET UPDATE
    120 34 As on 7 August 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 539.95 535.65 538.55 736 GOLD FUT DEC2012 1619.90 1615.80 1612.90 7 CURRENCY EUR-USD FUT SEP2012 1.2447 1.2383 1.2416 1069 BASE METAL COPPER FUT SEP2012 7597 7444
    120 words
  • Article
    CHICAGO BOT
    103 34 Aug 7 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 12 1605.25 1607.50 1627.50 1603.00 Sep 12 1576.50 1592.50 1612.50 1574.00 Nov 12 1565.75 1584.25 1605.50 1562.00 Jan 13 1561.25 1582.50 1603.00 1557.25 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 12 51.29 51.48 52.00 51.28
    103 words
  • Article
    OIL
    68 34 Aug 7 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.15 2.19 WTI (Near Mth) 93.47 1.34 Dubai (1-Mth F) 105.22 1.50 Tapis blend 113.35 1.32 Minas 114.20 1.32 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.39 1.22 Jet Kerosene 126.16 1.83 US$/barrel OpecOil Basket Price 107.58
    68 words
  • Article
    FOREIGN CURRENCY NOTE RATES
    118 34 Aug 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.339 1.276 Can dollar 1.274 1.214 Euro 1.576 1.501 Sterling pound 1.976 1.900 NZ dollar 1.041 0.992 US dollar 1.261 1.213 Local dollars to 100 units of foreign currency: Currencies Sell
    118 words
  • Article
    LONDON METALS
    69 34 Aug 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1873.50 1843.75 3 months 1909.50 1879.00 Copper, Grade A (US$/tonne) Cash 7580.50 7492.75 3 months 7580.00 7495.00 Lead (US$/tonne) Cash 1897.75 1877.00 3 months 1909.00 1890.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
    69 words
  • Article
    MORGAN STANLEY CAPITAL INT'L INDICES
    373 34 In local curr In S$ In US$ dy yr dy yr dy yr Aug 7 Index Change Change Change Change Change Change World Preliminary 901.1 0.9 8.6 1.0 3.5 0.8 8.1 EAFE Preliminary 722.6 0.8 5.9 0.8 0.1 0.7 4.5 Europe Preliminary 1096.3 0.7 6.8
    373 words
  • Article, Illustration
    STOCK MARKETS
    107 34 Straits Times Index YTD change:+15.34% 52-week high: 3,086.94 on Aug 7,2012 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg Hang Seng Index YTD change: +8.85% 52-week high: 21,760.34 on Feb 20,2012 52-week low: 16,170.35 on Oct 4,2011 Source: Bloomberg Dow Jones Industrial Average YTD change: +7.78% 52-week high:
    Source: Bloomberg  -  107 words
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  • PROPERTY
    • Article, Illustration
      MGM China rises on Cotai project progress
      286 35 The share price closes 5.3% up at HK$1 2.22, the highest level since June 20 Bloomberg Hong Kong MGM China Holdings Ltd, a venture between Pansy Ho and MGM Resorts International, rose to a seven-week high after the casino operator reported a 38
      Bloomberg; BLOOMBERG  -  286 words
    • Article
      Househunt
      677 35 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 11 AND JULY 17, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Altez Apt 13/07/2012 99 549 900 1639 District 3 NON-LANDED Twin Regency Apt 13/07/2012 FH
      677 words
    • Article, Illustration
      Recession generation chooses renting over buying houses, clothes
      1836 36 / 37 Professor says that the financial crisis and its aftermath have affected the outlook of young consumers Bloomberg Washington THE day Michael Anselmo signed a lease on his first apartment in New York City, he lost his job at Buck Consultants LLC. He
      Bloomberg; BLOOMBERG  -  1,836 words
    • Article
      Saudi developer to open 10 hotel towers in Mecca
      476 36 / 37 Bloomberg Dubai JABAL Omar Development Co plans to open 10 hotel towers in Mecca next year to accommodate Islamic pilgrims, the Saudi Arabian company’s executive general director said. Jabal Omar is developing 2.2 million square metres (24 million square feet) of
      Bloomberg  -  476 words
    • Article, Illustration
      Woolworth Building’s top floors to become luxury apartments
      947 38 The US$68 million deal promises to reinvent the tower as one of Manhattan’s most sought-after addresses NYT NEW YORK THE Woolworth Building’s neo-Gothic tower, one of the city’s most recognisable landmarks, is about to be turned into luxury condominiums, a transformation that
      NYT; BLOOMBERG  -  947 words
    • Article, Illustration
      CapitaLand in JV to build prime Tokyo property
      482 39  -  Residential complex will be 24-storey building in Minato ward By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg CAPITALAND announced yesterday that it will be part of a joint venture to develop The Parkhouse Nishi-Azabu Residence, a residential project in Tokyo. Together with Mitsubishi Jisho Residence
      482 words
    • Article
      China buyer clears legal snag in NZ farms deal
      403 39 Xinhua Wellington A CHINESE company yesterday looked set to complete a controversial and hard-fought purchase of 16 New Zealand dairy farms after the Court of Appeal overturned the final legal objection to the sale. Milk New Zealand Holdings Ltd, a Hong
      Xinhua  -  403 words
    • Article, Illustration
      A tale of two cities
      625 40  -  CapitaValue Homes’ ventures in Wuhan and Ho Chi Minh City are a study in contrasts By MINDY TAN tanmindy@sph.com.sg IT was the best of times, it was the worst of times, could well sum up the experience of CapitaValue Homes (CVH), as the val-ue-housing unit
      YEN MENG JIIN  -  625 words
    • Article
      China’s Vantone in talks to develop San Francisco pier: sources
      313 40 Bloomberg Beijing CHINA’S Vantone Holdings Co is in talks to transform a pier in San Francisco’s tourist district into space for Chinese companies seeking to do business in the US, said four people with direct knowledge of the matter. Talks
      Bloomberg  -  313 words
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  • Page 36 / 37 Advertisements
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      Page 36 / 37 Advertisements Column 2
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      133 words
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      Page 36 / 37 Advertisements Column 3
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
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      Page 39 Advertisements Column 2
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      Page 39 Advertisements Column 3
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