The Business Times, 6 October 2012

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Microfilm: NL32263
Total Pages: 48
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| OCTOBER 6-7, 2012 S$1.00| S$1.00| MICA (P) 075/08/2012
    15 words
  • Article
    Lock icon Sept jobless rate down to 7.8%
    28 1 US ECONOMY SIZEABLE drop is a potential boost for President Barack Obama’s re-election chances in November; healthcare industry leads job gains. 2
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  • Article
    Lock icon Update on Genneva M’sia probe
    32 1 GOLD TWIST BANK Negara cites a long list of suspected offences including money laundering and tax evasion in the wake of investor doubts over any wrongdoing. 4
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  • Article
    Lock icon Toll on Japan economy piles up
    40 1 ISLAND SPAT TOYOTA vehicle sales in China last month is down some 40 per cent and Mazda’s is down 35 per cent; Japan Airlines extends previously announced cuts in flights to Chinese cities. 8
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  • Article
    Lock icon Sembmarine bags fresh Prosafe job
    33 1 ORDER BOOK THE contract is one of two options granted by Sembmarine to Prosafe last December when it ordered a US$291.6 million accommodation rig, the Safe Boreas. 12
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  • Article
    Lock icon MAS imposes cap on housing loan tenures
    1374 1  -  Absolute limit of 35 years set for new, refinance mortgages, loan-to-value ratios for certain new loans also tightened By Emilyn Yap emilyny@sph.com.sg Mindy Tan tanmindy@sph.com.sg Singapore INGAPORE regulators signalled their concerns over still rising home prices yesterday, announcing fresh mortgage curbs to cap
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  • Article, Illustration
    Lock icon Singapore’s emigration conundrum
    1843 1  -  By Joyce Hooi joyceh@sph.com.sg Singapore IN the anonymous freedom of surveys, away from the glare of the National Conversation, more than half of us apparently do not want to be here “here” in the geographical sense of the word (Singapore) instead of the existential, even though the
    Source: Mindshare  -  1,843 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Jobless rate falls to 7.8% in September
      801 2 Sizeable drop is a potential boost for Obama’s chances; healthcare industry leads job gains LATEST US DATA AP Reuters Washington The US unemployment rate fell to 7.8 per cent last month, dropping below 8 per cent for the first time in nearly four
      AP; Reuters; PHOTO: AFP  -  801 words
    • Article
      Lock icon Correction
      52 2 IN our report “SC Global’s resort deal falls through” (BT, Oct 5), our sub-headline was wrong. The project mentioned was meant to be an example of SC Global’s regional thrust. SC Global had, in fact, not identified the overseas resort hotel development in its statement. We are sorry for
      52 words
    • MARKETS
      • Article
        Lock icon STOCKS
        57 2 GSTI 3,107.87 (+21.23) GSTI FUTURES 3,108.00 (+21.00) GSIMSCI 354.24 (+1.46) GSIMSCI FUTURES 354.50 (+1.50) Friday Change KL COMP 1,660.23 -1.24 NIKKEI 225 8,863.30 +38.71 HANG SENG 21,012.38 +104.43 SET 1,311.35 +4.72 JAKARTA 4,311.31 +39.85 MANILA 5,439.84 -3.90 KOSPI 1,995.17 +2.49 SHENZHEN B Closed MUMBAI IND 18,938.46 -119.69 12.00 EDT
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.310 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 FOREX US$ S$ US$ (S$ per US$) 1.228 (US$/S$ per 1.619 1.987 EURO(US$/S$/€) 1.301 1.597 Foreign currency per US$ S$ YEN 78.40 63.80 RM 3.054 2.488 HK$ 7.753 6.315 BAHT 30.55 24.88 RUPIAH 9,589 7,810 RENMINBI 6.285 5.119 INDIAN RUPEE 51.71 42.11 A$ 0.975 0.794 NZ$ 1.213 0.988
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    • Article
      Lock icon More light shed on Genneva Malaysia probe
      456 4  -  Bank Negara update comes in wake of investor doubts over any wrongdoing By Pauline Ng btworld@sph.com.sg Kuala Lumpur GOLD trading firm Genneva Malaysia and its related companies are being investigated by enforcement agencies for suspected offences including illegal deposit taking, money laundering, tax
      456 words
    • Article
      Lock icon iPhone 5 gets magazine’s nod
      255 7 Bloomberg San Francisco APPLE Inc’s iPhone 5 won the backing of Consumer Reports, whose criticism of an earlier model became known as “Antennagate” and who said the latest device is among the best on the market despite its map flaws. The larger screen, thinner and
      Bloomberg  -  255 words
    • Article, Illustration
      Lock icon Toll on Japan economy piles up over island spat
      645 8  -  China car sales for Toyota, Mazda fall sharply; prospect of recession looms By Anthony Rowley btworld@sph.com.sg Tokyo YESTERDAY brought fresh evidence of the toll that Tokyo’s dispute with Beijing over ownership of the Senkaku Islands is having on the Japanese economy,
      PHOTO: BLOOMBERG  -  645 words
    • Article
      Lock icon Apple could show more grace to its loyal fans
      768 8  -  COMMENTARY By Victoria Ho APPLE’S latest update of iOS (that powers the iPhone and iPad) has tested users’ patience by replacing Google maps with pple’s own buggy rendition. The new maps were so bad that Apple CEO Tim Cook issued a
      768 words
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      Lock icon Page 2 Advertisements Column 1
      62 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 19-21 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 House Hunt 34 Real Estate 35 LIVING Design L2-5 Dining L6-8 Health L9 Hawker Choices
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      59 3 Ermenegildo Zegna Su Misura Made to measure is the art of personal elegance. Our promise is to deliver perfectly tailored apparel designed for your individual character from an unparalleled collection of Zegna fabrics. From personalized suits to entire wardrobes, the unique dividend of “Su Misura” is exacting sartorial excellence. ION
      59 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      336 5 Performance Motors Limited Sheer Driving Pleasure pml-bmw.com.sg BMW ActiveHybrid 5 0> I O v vw\vv\BB mum' BMW ActlveHyl <.urzanlei I L he I H.VI Bordcc Reise-8o if v Hybrid Electric Driving _L \W li si o ml Li 11 InllnJIIIIII L 5min lOmin 15min Electric Drive System with BMW TwinPower
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      34 6 i/v/V JACKPOT Estimated Draw on Mon, 8 Oct 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Ip Yri) Always Play with care. [responsibly] Do not bet illegally. RGB Reg No: *****0202G SINGAPORE POOLS
      34 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      87 7 FIFTEEN ROBIN FOR LEASE Brand New Luxurious Condominium in District 10 EXCLUSIVE PRIVATE LIFT 2 Bedrooms 1,400 sq ft 3 Bedrooms 1,830 sq ft Attractive Rental Rates! View to offer! AMENITIES Within 1 km from Singapore Chinese Girls School, St. Joseph Institution, Chinese International School Anglo-Chinese School Close Proximity to
      87 words
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  • WEEK IN REVIEW
    • THIS WEEK October 1-5, 2012
      • Article
        Lock icon Commodity price gains may not last
        58 9 PRICES of commodities, particularly metals, have been pushed up by looser global monetary policies, in a repeat of what occurred during the past two rounds of quantitative easing in the United States. However, analysts and economists are not expecting the boost to commodities prices
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      • Article
        Lock icon SGX proposals widen access to IPOs for retail investors
        79 9 THE Singapore Exchange has released a consultation paper aimed at making initial public offerings on the mainboard more accessible to retail investors. Two key proposals are being made raising the minimum allotment of public subscription to 5 per cent of IPO
        79 words
      • Article
        Lock icon S’pore shipping heart transplanted to Tuas
        69 9 IN about 10 years’ time, Singapore will begin transhipment port activities from a very different location: in Tuas, close to the Republic’s industrial heart and also international shipping lanes. All of Singapore’s container port activities will be consolidated in a new Tuas Port development
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      • Article, Illustration
        Lock icon CAD probes troubled gold trader Genneva
        72 9 GENNEVA Pte Ltd, the gold trading company that has been the subject of a literal run by its customers, is under investigation by the Commercial Affairs Department for alleged “financial improprieties”. Its Orchard Tower offices were raided by CAD on Monday. POLICE RAID Genneva,
        PHOTO: ARTHUR LEE  -  72 words
      • Article
        Lock icon PMI shrinks again to open technical recession door
        64 9 A DEEPER manufacturing contraction in September all but confirms that Singapore entered a technical recession in Q3, casting a shadow over the quarter that has just begun too. The latest purchasing managers’ index signalled a third straight month of contraction with a
        64 words
      • Article
        Lock icon Travel Smart: You don’t have to go to work all together
        57 9 COME in earlier or later or, better still, stay home in your pyjamas. As part of a bid to ease the crush of peak-hour traffic, these flexi-hour alternatives to the daily grind might appeal even more to businesses if
        57 words
      • Article
        Lock icon Cecilia Sue flip-flop leaves prosecution case hanging
        64 9 PROSECUTORS, in another surprise move, told the court on Tuesday that they weren’t able to close their case against former Central Narcotics Bureau chief Ng Boon Gay, even though their five witnesses had completed giving evidence. This means that the prosecution is open
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      • Article
        Lock icon Corporate regulation up for major overhaul
        79 9 THE Republic will finally seek to enfranchise CPF investors and to allow multi-class shares among public companies in the most thorough revision to the Companies Act in a decade, Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam announced on Wednesday. “It is time
        79 words
      • Article
        Lock icon China, India growth engines to sputter: ADB
        49 9 THE Asian Development Bank has slashed its growth forecasts for developing Asian economies including China and India this year and in 2013. It warned that after years of rapid growth, the region must brace itself for a prolonged period of moderate expansion.
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      • Article
        Lock icon Astro completes hat trick of multi-billion ringgit IPOs
        65 9 ASTRO Malaysia Holdings has priced its initial public offering at RM3 a share, raising about RM4.6 billion (S$1.85 billion) and making the share offer the third largest in the country this year. Malaysia has now played host to three of Asia’s largest
        65 words
    • Article
      Lock icon NEXT WEEK Oct 8-12, 2012
      81 9 US DATA Oct 10 Aug wholesale inventories Oct 11 August trade balance Sept federal budget Oct 12 Sept PPI/core PPI SINGAPORE DATA Oct 8 Sept international reserves Oct 12 Q3 advance GDP estimates EVENTS Oct 9 Annual meeting of IMF and World Bank Group (to
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      371 9 Across 1 Caught girl with 2/3 of diamonds great work (7) 5 Rats on plants with long, narrow leaves (7) 9 Male removing top from mineral water, getting more tipsy (7) 10 Exchange bowl finally after salesman gets hole in one (7) 11 Realisation: war seen as wrong (9) 12
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      9 9 SATURDAY with Ludwig ‘LOL! What’s so funny about that
      9 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Champion of the management revolution
      2405 10 / 11  -  Management guru Gary Hamel talks to Vikram Khanna about why companies need a revolution at the top Vikram Khanna vikram@sph.com.sg GARY Hamel’s favourite word must be “revolution”. The title of one of his bestsellers on corporate transformation, where he urges managements to encourage “insurgents” is
      PHOTO: AZIZ HUSSIN/ST  -  2,405 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Sembmarine unit to build another rig for Prosafe
      387 12  -  Jurong Shipyard awarded 2 additional options for newbuild rigs By Lynn Kan lynnkan@sph.com.sg Singapore SEMBCORP Marine continues to swell its record 2012 order book with yet another contract. Its subsidiary, Jurong Shipyard, has signed a letter of intent to build a semi-submersible
      387 words
    • Article
      Lock icon OCBC, CIMB may be eyeing GE’s stake in Bank of Ayudhya
      392 12 Bloomberg Singapore OVERSEA-Chinese Banking Corp and CIMB Group Holdings Bhd could be considering bidding for General Electric Co’s US$1.6 billion stake in Thailand’s Bank of Ayudhya Pcl, said three people with knowledge of the matter. GE’s finance unit owns
      Bloomberg  -  392 words
    • Article
      Lock icon Too many exec directors on StanChart board: Temasek
      486 12  -  By Lee Meixian leemx@sph.com.sg Singapore DISCOMFORT over some proposed changes to Standard Chartered Bank’s board, notably the inclusion of too many executive directors on the board, was one of the reasons its major shareholder, Temasek Holdings Pte Ltd, had abstained from voting
      486 words
    • Article, Illustration
      Lock icon Jardine drives STI higher while focus falls on Spain
      1004 13  -  STOCKS R SIVANITHY Senior Correspondent SPAIN’S reluctance to ask for bailout money and the US Federal Reserve’s Open Markets Committee meeting minutes provided the main focus in a largely dull and featureless week for equity markets worldwide. In the meantime, Hong
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    • Article
      Lock icon Hedge funds betting on stock losses despite 12% rally
      613 13 Bloomberg New York FOR the first time this year, hedge funds are turning away from a rally in the global stock market. The ratio of bullish to bearish bets among professional speculators fell last week and is below historical averages, according
      Bloomberg  -  613 words
    • Article, Illustration
      Lock icon Raffles City Tower to get $34.7m facelift
      377 14  -  Move is to enhance its allure as a choice location for businesses By Jasmine Ng jasng@sph.com.sg Singapore CAPITACOMMERCIAL Trust (CCT) and CapitaMall Trust (CMT) will pump in $34.7 million to revamp Raffles City Tower, the 42-storey office tower of Raffles City Singapore. In
      ST FILE PHOTO  -  377 words
    • Article
      Lock icon Genting said to be seeking Echo shares
      420 14 Reuters Melbourne AN unnamed buyer believed to be Genting Hong Kong Ltd (GHK) has approached Australian shareholders in Echo Entertainment Group Ltd seeking to buy shares, a fund manager said yesterday. Genting Hong Kong and Genting Singapore PLC, which are subsidiaries of Malaysian
      Reuters  -  420 words
    • Article
      Lock icon Global Logistic Properties gains from China’s online boom
      294 14 Reuters Singapore AS consumer spending grows in China and more people turn to online shopping, warehouse operator Global Logistic Properties (GLP) is counting the benefits of the boom, even as exports in the world’s second-largest economy slow. “E-commerce drives a lot of
      Reuters  -  294 words
    • Article
      Lock icon SGX: No more delay for Sinotel’s AGM
      437 15  -  2 extensions had been given earlier By Cai Haoxiang haoxiang@sph.com.sg Singapore FRAUD-HIT Sinotel Technologies now has to hold its long-overdue annual general meeting (AGM) for the financial year ended Dec 31, 2011, as soon as possible. The Singapore Exchange (SGX) yesterday rejected an
      437 words
    • Business briefing
      • Article
        Lock icon Olam buys half stake in Acacia for US$35m
        50 15 OLAM International says it has acquired a 50 per cent stake in Acacia Investments (AI) for US$35 million. AI is a business group based in the United Arab Emirates with a significant presence in edible oil refining and distribution in East Africa.
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      • Article
        Lock icon Fast new fibre broadband plans from StarHub
        68 15 STARHUB has launched a new line of fibre broadband plans under the MaxInfinity LVL99 brand. Available from today, the new ultra-high-speed fibre broadband plans will have local download speeds of up to 100 Mbps and 150 Mbps respectively, with priority given to local
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  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      58 14 People’s Association has a position open for a Constituency Manager Halliburton Completion Tools Manufacturing is looking for a Customer Service Specialist LEGO Group is hiring an Assistant Manager W.O.M. Southeast Asia is recruiting a QA/QC Manager Nanyang Technological University has a vacancy for the position of Assistant Director Check out
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      1752 15 BoardRoom Smart Business Solutions BOARDROOM LIMITED (Company Registration No. *****3902Z) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Boardroom Limited (“the Company”) will be held at Seminar Room, CIMB Investment Centre, Ground Floor, 50 Raffles Place #01-02,
      1,752 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Keeping the talent pipeline flowing
      866 16  -  Singapore has to continue its aggressive investment in world-class collaborative science technology programmes and translate that into a ‘virtuous circle of innovation and value creation’ FROM THE DESK OF Kim Kersey Kersey HR director, Asia Pacific Rolls-Royce SINCE the 2008-2009 economic crisis, there has been
      866 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Non-landed private home resale prices up 3.2%
      537 17  -  While transaction volumes fell 7.3%, Q3 resale prices rose to hit a record $1,156 psf with 2.5% rise in Sept By Mindy Tan tanmindy@sph.com.sg RESALE prices of non-landed private homes rose in the third quarter, even as transaction volumes fell 7.3 per cent.
      Source: SRX, URA  -  537 words
    • Article
      Lock icon Waterway Pt gets anchor tenants
      404 17  -  NTUC and Shaw will take up 62,500 sq ft in Watertown mall By Mindy Tan tanmindy@sph.com.sg WATERTOWN, Punggol’s first integrated waterfront residential and retail development, has secured two anchor tenants for its shopping mall: NTUC FairPrice Finest and Shaw Organisation. The supermarket will take up
      404 words
    • Article
      Lock icon PM Lee leaving for Australia and NZ today
      638 18  -  New areas of cooperation will be explored during week-long official visit By Chuang Peck Ming peckming@sph.com.sg PRIME Minister Lee Hsien Loong will leave today for New Zealand and Australia to reaffirm ties and explore new areas of cooperation with the two countries.
      638 words
    • Article, Illustration
      Lock icon Oei gives ST School Pocket Money Fund $250,000
      324 18  -  By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg BUSINESSMAN and veteran investor Oei Hong Leong has donated $250,000 to The Straits Times School Pocket Money Fund (SPMF), which provides some 10,000 needy children each year pocket money to cover school-re-lated expenses. Commenting on the donation,
      PHOTO: CHEW SENG KIM/ THE STRAITS TIMES  -  324 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      30 17 V 3 t i 2r-/ > fl A IflHCr fftUr f r TUNE IN TO HOT FM91.3 OR LOG ON TO WWW.HOTFM.SG FOR MORE DETAILS! Inlogoon i°i!™ eYFUL E FACEBOOK.COM/HOTFMSG WWW.H0TFM.SG
      30 words
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  • WORLD
    • Article, Illustration
      Lock icon 59 wrong orders cause stock dive on NSE
      568 19 Plunge in equities briefly erased US$58b in value on Indian stock exchange in Mumbai Bloomberg Mumbai THE National Stock Exchange of India (NSE) said yesterday that 59 erroneous orders prompted a plunge in equities that briefly erased about US$58 billion in value,
      Bloomberg; PHOTO: AP  -  568 words
    • Article
      Lock icon Top US broker defections shift US$86b in client assets in 2012
      433 19 Reuters New York SO FAR this year, top US brokers managing more than US$86 billion in client assets have decamped for a rival firm or decided to go it alone a troubling trend for big brokerages as teams with
      Reuters  -  433 words
    • Article
      Lock icon Barclays combining fixed income, equities ops in overhaul
      286 19 Bloomberg London BARCLAYS Plc’s investment banking chief, Rich Ricci, will combine part of its fixed income and equities operations in his first overhaul since taking sole control of the operation in June. The bank promoted Skip McGee to chief executive of corporate
      Bloomberg  -  286 words
    • Article, Illustration
      Lock icon Samsung almost doubles profit to record 8.1t won
      577 20 Samsung almost doubles profit to record 8.1 t won Popularity of its Galaxy devices helps widen sales lead over Apple’s iPhone Bloomberg Seoul SAMSUNG Electronics Co, the world’s biggest maker of TVs and mobile phones, reported a record profit surpassing analysts’ estimates as the popularity of its Galaxy devices helped
      Bloomberg; PHOTO: AP  -  577 words
    • Article
      Lock icon Fed hints it’ll tie low rates to jobless data
      433 20 Move would help public understand policy intentions Bloomberg Washington THE Federal Reserve signalled it’s moving toward linking its outlook for near-zero interest rates to specific economic conditions such as a decline in the unemployment rate. The move would represent a shift
      Bloomberg  -  433 words
    • Article
      Lock icon FSB looking at shorter list of too-big-to-fail banks
      370 20 Bloomberg Brussels GLOBAL regulators may trim their list of 29 too-big-to-fail banks earmarked for capital surcharges, according to two people familiar with the talks. The Financial Stability Board (FSB) is scheduled to agree on an update of the list at a meeting
      Bloomberg  -  370 words
    • Article
      Lock icon Ex-KL tourism minister faces impeachment
      587 21  -  Court finds material contradictions in his testimony over Port Klang Free Zone scandal By S Jayasankaran btworld@sph.com.sg Kuala Lumpur A FORMER federal minister faces impeachment proceedings in a hearing against former Malaysian transport minister Ling Liong Sik, after the judge ruled that there were material
      587 words
    • Article, Illustration
      Lock icon Stressed snackers shun chocolate in Europe
      539 21 Western Europe’s chocolate market value set to fall by around 5% Reuters London EUROPE’S economic crisis is nibbling away at demand for chocolate, the affordable treat once thought of as recession proof. Times are tough enough now that even the market for this modest
      Reuters; FILE PHOTO  -  539 words
    • Article
      Lock icon Lehman brokerage settles lawsuits
      189 21 Bloomberg Delaware LEHMAN Brothers and its European affiliate resolved lawsuits over more than US$38 billion in bankruptcy claims, removing an obstacle to the distribution of assets to customers and creditors. The tentative agreement requires approval by a US bankruptcy judge and the English High Court, according
      Bloomberg  -  189 words
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  • Article
    Lock icon SGX
    8155 23 Transaction date: Oct 5 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 13.5 +0.5 252 13.5 12.9 12.9 15 66.8 0.4 3.2 64.7 6 3 A-Sonic 3.4 3.4 4.4 3.8 24.3
    8,155 words
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  • Article
    Lock icon SGX CATALIST
    1813 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 $mil 20.5 12.1 t 800 Super 19.5 +0.7 228 19.5 18.4 18.9 19.5 3.3 5.1 5.8 34.9 4 2.8 t AA Grp 3.1 3 3.9 3
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 3 2 0 0 0 12 3 2 Manufacturing 45 57 40 2 5 10 47 62 50 Commerce 35 13 17 7 4 2 42 17 19 Tpt/Stor/Comms 25 5 9
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    771 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 1 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) TA Corp 4-Oct-12 Koh Wee Seng Buy 950 na ***** 7.83 ***** 8.03 Global Premium Hotels 3-Oct-12
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,814 14,814 42,203 42,203 Manufacturing 230,551 36,553 267,104 273,765 740 274,505 Commerce 131,325 7,202 138,527 153,091 412 153,503 Tpt/Stor/Comms 174,950 18,669 193,619 267,846 5,917 273,762 Finance 22,311 913 23,224 78,860 417 79,277 Construction 74,960 3,234
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  • Article
    Lock icon LIFFE
    80 27 Oct 4 COCOA (£/tonne) Close Prev High/Low Dec 12 1532 1564 1575/1525 Mar 13 1538 1568 1577/1531 May 13 1548 1577 1585/1541 Jul 13 1555 1584 1590/1548 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2152 2180 2207/2145 Jan 13 2161 2188 2215/2158 Mar 13 2170 2200 2225/2165 May 13 2181
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  • Article
    Lock icon METALS
    67 27 Oct 5 GOLD(US$/oz) Oct 04 Oct 05 Hong Kong 1791.10 1796.70 Oct 03 Oct 04 London 1778.34 1791.39 1779.56 1792.20 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 43.32 42.67 Source: UOB PLATINUM /Lon (US$/oz) Oct 04 Close Previous PM Fix 1700.00 1685.00 AM Fix 1698.00 1674.00 Source:
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  • Article
    Lock icon PALM OIL
    39 27 Oct 5 ULCE PALM FUTURES (RM/MT) MAmm Jvw rrr* 1*0* ir* H» f>^» •r^_ •a* .'-Kim i|5®C IJAS--jOUJ •wr. i •i/»i r.?Xc. VU7 it :x iMIJL (AMJi -U>XD Ml X* !iUC ’r>i t liJSt) Source: Bursa Malaysia
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  • Article
    Lock icon GOVERNMENT SECURITIES
    86 27 Oct 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 03-Jan-13 0.29 6-Month BS*****W 04-Apr-13 0.3 1-Year BY*****T 02-May-13 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.11 5-Year N*****0Z 2.375 01-Apr-17 108.72
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  • Article
    Lock icon INTERBANK CURRENCY RATES
    154 27 Oct 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2581 1.2597 1.0249 1.0259 Canadian dollar 1.2519 1.2530 1.0204 1.0199 Euro 1.5970 1.5976 1.3010 1.3011 NZ dollar 1.0118 1.0128 0.8243 0.8248 Sterling pound 1.9867 1.9877 1.6185 1.6188
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  • Article, Illustration
    Lock icon SMX MARKET UPDATE
    82 27 As on 4 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2012 1796.60 1783.90 1796.40 63 INDIA GOLD (E-GOLD) FUT DEC2012 600.25 596.25 598.05 474 CURRENCY EUR-USD FUT DEC2012 1.3030 1.2930 1.3025 58 BASE METAL COPPER FUT DEC2012 8394 8340
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  • Article
    Lock icon CHICAGO BOT
    103 27 Oct 4 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 12 1551.50 1531.75 1568.75 1531.00 Jan 13 1551.00 1632.25 1567.50 1532.00 Mar 13 1518.50 1501.50 1535.25 1500.75 May 13 1470.00 1464.25 1490.00 1461.5 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Oct 12 51.00 50.33 51.19 50.31
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    Lock icon OIL
    68 27 Oct 4 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 109.05 0.21 WTI (Near Mth) 91.6 3.63 Dubai (1-Mth F) 105.57 -1.81 Tapis blend 113.64 -1.65 Minas 108.79 -1.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.33 -1.67 Jet Kerosene 128.06 -1.38 US$/barrel OpecOil Basket Price 106.99
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    Lock icon FOREIGN CURRENCY NOTE RATES
    118 27 Oct 5 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.287 1.226 Can dollar 1.279 1.219 Euro 1.634 1.557 Sterling pound 2.023 1.946 NZ dollar 1.037 0.988 US dollar 1.244 1.197 Local dollars to 100 units of foreign currency: Currencies Sell
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    Lock icon LONDON METALS
    69 27 Oct 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2087.50 2074.00 3 months 2112.00 2102.50 Copper, Grade A (US$/tonne) Cash 8295.50 8285.50 3 months 8300.00 8290.00 Lead (US$/tonne) Cash 2282.00 2295.50 3 months 2290.00 2306.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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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 Oct 4 Index Change Change Change Change Change Change World Preliminary 925.8 0.4 11.6 0.3 6.3 0.6 12.2 EAFE Preliminary 731.0 0.2 7.2 0.4 2.6 0.7 8.2 Europe Preliminary 1111.2 0.0 8.2
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    Lock icon STOCK MARKETS
    110 27 Straits Times Index YTD change: +17.44% 52-week high: 3,110.86 on Oct 5,2012 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg Hang Seng Index YTD change: +13.98% 52-week high: 21,760.34 on Feb 20,2012 52-week low: 16,170.35 on Oct 4,2011 Source: Bloomberg Nikkei 225 YTD change: +4.82% 52-week high: 10,255.15
    Source: Bloomberg  -  110 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Heading for burnout
      900 28 / 29  -  Stress is more than a health issue, it can also become a business problem as worker productivity drops and the bottom line is affected. By Filippo Sarti By Filippo Sarti ~The writer is CEO, Regus Asia Across the world, workers are getting more and more stressed. Instead
      Source: Regus; ILLUSTRATION: THE STRAITS TIMES  -  900 words
    • Article
      Lock icon The curse of the natural resource strikes again
      730 28 / 29  -  Chile’s potential as a global supplier of lithium will go untapped if policy fails it By Andrés Velasco ~Andrés Velasco, a former finance minister of Chile, is a visiting professor at Columbia University. Project Syndicate Santiago CHILE today produces one-third of the
      Project Syndicate  -  730 words
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  • WEALTH INVESTING
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      Lock icon Global economy: Caught on a tightrope
      1013 30 / 31  -  Slowing growth and dipping again into the liquidity punch bowl WEALTH INSIGHTS Haren Shah Citi Private Bank ~The writer is Citi Private Bank’s senior investment strategist for Asia-Pacific Opinions expressed herein should be regarded solely as general market commentary, and may change without prior
      Source: MSCI, Datastream and Citi Research (as at Aug 15, 2012); PHOTO: STOCK.XCHNG  -  1,013 words
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      Lock icon BROKERS' TAKE
      715 30 / 31  -  Compiled by Cai Haoxiang Raffles Medical Group Outperform CIMB Research Oct 5 Close: $2.45 THERE have been murmurings that Raffles Medical Group (RFMD) will no longer be the medical service provider to the Singapore Prison come December 2012, when its present contract expires. The estimated value of the
      715 words
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      Lock icon Perils of betting on Investor Alert firms
      1125 32  -  The Genneva saga is yet another hard lesson for investors that chase returns that are just too good to be true COMMENTARY Genevieve Cua gen@sph.com.sg Personal Finance Editor THE saying that there is no free lunch is a cliche, but many investors still
      PHOTO: REUTERS  -  1,125 words
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      Lock icon For returns, stocks outpace property market
      1158 33  -  While the bulk of Singaporean household assets lies in real estate, those who sat out of equities would have lost out SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder. HOUSEHOLDnet wealth in Singapore grew by a
      Source: Yearbook of Statistics Singapore 2012; FILE PHOTO  -  1,158 words
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  • WEALTH REAL ESTATE
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      Lock icon Househunt
      931 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 5 AND SEPT 11, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 10/09/2012 99 1033 1981 1918 V On Shenton Apt 06/09/2012 99
      931 words
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      Lock icon Sentosa Cove bungalow market picks up after post-ABSD freeze
      1152 35 Narrowing bid-ask price gap, QE3 and stocks run-up cited; about a dozen options issued in past 2 mths Singapore ACTIVITY in Sentosa Cove’s bungalow market has picked up considerably in the last four to six weeks, following a relatively dry period
      PHOTO: SENTOSA COVER ESORT MANAGEMENT  -  1,152 words
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      107 36 Royal Ghk EX1IBUION FROM AVANT-GARDE TO ICON A JOURNEY THROUGH THE ORIGINS OF AN ICONIC TIMEPIECE NEW YORK MILAN PARIS GENEVA BEIJING SINGAPORE OCTOBER 10-14/2012 SINGAPORE TANJONG PAGAR RAILWAY STATION (FORMER) 30 KEPPEL ROAD For guided tour registration, visit audemarspiguet.com AUDEMARS PIQUET PROUDLY PRESENTS AN EXHIBITION CELEBRATING THE 40™ ANNIVERSARY
      107 words
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      63 1 LivingBTTHE BUSINESS TIMES WEEKEND OCTOBER 6-7 2012 DINING Red hot district L6-8 ROOM FOR NEW LIFE Conservation buildings as trendy niche accommodationL2-5 GADGETS Pristine wireless music L13 CEOS’ HAWKER CHOICES Die, die must eat L10-12 PERSONAL SPACE Atypical winner L14-15 KAM LENG HOTEL. PHOTO BY YEN MENG JIIN BT CORPORATE
      63 words
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  • BT Living
    • DESIGN
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        Lock icon Room for new life
        2224 2 / 3  -  Boutique hotel The Sultan is a 2012 Architectural Heritage Award winner. Tay Suan Chiang looks at conservation buildings given new design cred as trendy niche accommodation Tay Suan Chiang taysc@sph.com.sg Mix of old and new The Sultan 101 Jalan Sultan Z 6723 7101 www.thesultan.com.sg IN Kampong
        PHOTOS OF THE SULTAN: URA/KAY NGEE TAN ARCHITECTS; PHOTOS OF NAUMI LIORA: JOSEPH NAIR/ST; PHOTOS OF KAM LENG HOTEL : YEN MENG JIIN  -  2,224 words
      • BT Weekend checks out the F&B outlets inside the boutique hotels
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          Lock icon Placeless menu
          526 4 / 5  -  Suprette 383 Jalan Besar Z 6298 8962 By Tay Suan Chiang taysc@sph.com.sg TUCKED by the side of Kam Leng Hotel’s lobby is Suprette, a 35-seater eatery that opened on Sept 18. “A hotel was the natural place to open a restaurant rather than in the middle of nowhere,”
          PHOTO: YEN MENG JIIN  -  526 words
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          Lock icon Italian glam
          436 4 / 5  -  La Scala 64 Aliwal Street Z *****560 By Debbie Yong debyong@sph.com.sg WITH more Italian restaurants than we have time to keep track of in Singapore these days, you wonder why a seasoned restaurateur such as Lamine Guendil would want to walk down such a well-worn path. Until you
          PHOTO: PASHA MARKETING  -  436 words
        • Article, Illustration
          Lock icon Diner with a difference
          515 4 / 5  -  Keong Saik Snacks 49 Keong Saik Road Z 6221 8338 By Debbie Yong debyong@sph.com.sg PRESIDING over Jason Atherton’s latest venture is a group of aged and rather pudgy Britons. They face you as you look up mid-meal a series of poorly taken photographs set in British
          PHOTO: UNLISTED COLLECTION  -  515 words
    • DINING
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        Lock icon Red hot district
        1014 6 / 7  -  Keong Saik Road is fast shedding its skin as a red light district and blossoming into a red hot dining and drinking destination. By Debbie Yong By Debbie Yong debyong@sph.com.sg MOST restaurateurs seek out trendy new neighbourhoods to set up shop in. But for Jason Atherton, trendy
        1,014 words
      • Article, Illustration
        Lock icon New triangle of cool
        869 6 / 7  -  Debbie Yong tracks down hot spots that have bubbled up in the neighbourhood in the past year Debbie Yong Keong Saik Road No 55: Naumi Liora Hotel The boutique hotel is the second hotel under the Naumi brand and owned by the Hind Group. The 79-room
        PHOTO: FILE  -  869 words
    • HEALTH
      • Article, Illustration
        Lock icon Closer to home than thought
        601 9  -  Danger of deep vein thrombosis is more present on the ground than high above it. By Cheah Ui-Hoon uihoon@sph.com.sg ONE might recall deep vein thrombosis (DVT) dominating the news several years ago in relation to travelling long-distance in economy-class flights. The hype about it has
        PHOTO: AP  -  601 words
    • CEOS' HAWKER CHOICES 2012
      • Article, Illustration
        Lock icon Die, die must eat
        2426 10 / 11  -  Whether you like it with extra cockles, no Chinese sausage or with lashings of pork lard, char kway teow remains the much loved, worth queuing for, artery-clogging hawker favourite of Singaporean foodies. Essentially a melange of rice and yellow noodles tossed in sweet dark sauce over
        PHOTOS BY ARTHUR LEE; PHOTOS: YEN MENG JIIN  -  2,426 words
      • Article, Illustration
        Lock icon Enjoying one of life’s pleasures
        659 12  -  By Geoffrey Eu JEAN-MICHEL Dumont spent 25 years in China before moving to Singapore last year, so he qualifies as an Old Asia Hand, being not only familiar but also comfortable with the sights, sounds and smells that may otherwise intimidate some visitors. “Being French
        PHOTOS: YEN MENG JIIN; PHOTO: JOHN HENG  -  659 words
    • GADGETS
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        Lock icon Pristine wireless music
        893 13  -  Wireless speakers that use Apple AirPlay avoid messy cables without the drop in sound quality suffered with Bluetooth, so Christopher Lim looks at some interesting AirPlay models from Libratone and Philips, along with the best Bluetooth example from Jawbone as a comparison Christopher Lim limchris@sph.com.sg Libratone Lounge
        893 words
    • HOME & GARDEN
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        Lock icon Atypical winner
        1057 14 / 15  -  For bucking the trend, this conservation house in Joo Chiat won an award at this year’s Architectural Heritage Awards. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg STEP into a landed house, and the layout is fairly typical: living room, dining, followed by the kitchen
        FAMILY PHOTO COURTESY OF CANNY TEO. PHOTO OF HOUSE COURTESY OF URA; ALL PHOTOS BY YEN MENG JIIN UNLESS OTHERWISE STATED  -  1,057 words
    • SPORT
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        Lock icon Time to revamp the S-League
        686 16  -  The league’s chiefs can take a good look at what their counterparts down under are up to. no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent EVEN as Singapore’s S-League still struggles to find the answers to its problems dwindling attendances, football standards, fan engagement, and so
        PHOTO: AFP  -  686 words
      • Article
        Lock icon One FC debuts super fight, grand prix
        615 16  -  knock out with steve dawson ~Catch Steve Dawson on SportsCenter on ESPN every weekday at 7.30pm. He has just published his second book, How To Be The Greatest Like Muhammad Ali JUST two weeks after Singapore waved goodbye to the latest edition of
        615 words
    • BT CORPORATE GOLF LEAGUE 2012
      • Article, Illustration
        Lock icon There can be only one
        261 17  -  The sixth and final round of this year’s BT Corporate Golf League starts on Oct 18. By Justine Moss THE sixth and final round of this year’s Business Times Corporate Golf League starts on Oct 18, which gives all teams the chance to get in
        261 words
      • Article, Illustration
        Lock icon Settling for a top 10 finish
        385 17 THIS is the third year running that DBS Vickers Securities has entered a team in the league. The team is lying in 13th place on the table, and aiming to finish in the top 10. Team captain Leonard Lui said that the field is
        385 words
      • Article, Illustration
        Lock icon Balancing teamwork and sportsmanship
        264 17 btnews@sph.com.sg LIKE the team from DBS Vickers, Team KPMG is in the Business Times Corporate Golf League for the third year. KPMG Singapore’s audit partner Lucas Tran said that taking part in the league is a living example of how KPMG balances teamwork and sportsmanship. “It
        264 words
    • MOTORING
      • Article, Illustration
        Lock icon A special Spyder
        626 18  -  Porsche unveils its first plug-in hybrid which has a naturally aspirated 4.6-litre V8 behind the driver and passenger to drive the rear wheels. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE term “performance hybrid” will soon be redefined by Porsche. The German sports car maker has unveiled
        626 words
      • Article, Illustration
        Lock icon 6 APPEAL
        607 19  -  Mazda declares that the new sedan is good enough for the driver to feel the difference in the first 100 metres. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THEtransformationcould not be more radical. The hood is now long and shapely, the grille large but sensuous, with flowing flanks
        607 words
      • Article, Illustration
        Lock icon Sayonara, Schumacher
        561 20  -  With his impending departure, it could be the last time he will drive professionally at Suzuka. f1 watch By Samuel Ee samuelee@sph.com.sg LEWIS Hamilton jumps ship, Michael Schumacher retires a second time, Marina Square retailers smile again and it’s like the Singapore Grand Prix has been all but
        PHOTO: AP; PHOTO: AFP  -  561 words
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      933 8 wine&dine with BTWeekend 1.Peach Blossoms Level 5, Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1111 Crustacean Season Valid till 31 October 2012 Crab lovers are in for a treat with over 20 different crab delights at Peach Blossoms this October. Savour the fresh and juicy crustaceans prepared by our Hong
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      258 9 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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      62 10 / 11 CHOICE PICKINGS FOR THE PRIVILEGED Knight Frank The preferred estate agent in the residential sector with full suite of services. Project Marketing Consultancy. International Properties. Prime Sales. Leasing. Call Knight Frank Residential Team at 6228 6831 or visit www.knightfrank.com.sg if you wish to buy, sell or lease. CORPORATE SERVICES >
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