The Business Times, 3 July 2010
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2010-07-03
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The Business Times
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Title Section17 2010-07-03 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JULY 3-4, 2010 S$1.00 MICA(P) 124/08/2009 SfSl A SINGAPORE PRESS HOLDINGS PUBLICATION17 words
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Article, Illustration853 2010-07-03 1 Chen Huifen - Many are specialists who travel to areas where their skills are in high demand By Chen Huifen xuifen@sph.com.sg Singapore FOREIGNERS criss-cross the globe to visit the medical tourism hub that Singapore has become. And now, Singa-pore-based doctors are reversing the traffic by setting upAFP, FILE PHOTO - 853 words
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Page 1 Advertisements
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Advertisement226 2010-07-03 1 the WEALTH Mature markets still have their charm 30-31 DINING Dishy concepts L6-7 the raffles conversation SHIRISH APTE, CITI’S ASIA PACIFIC CEO 6-7 bidding war? Parkway shares soar PARKWAY Holdings shares closes 26 cents higher at $3.83 in anticipation of a bidding war between India’s Fortis Healthcare and Malaysia’s Khazanah226 words
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TOP STORIES
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453 2010-07-03 2 Nisha Ramchandani - But general offer by Fortis could also offer a way out for Malaysian rival By Nisha Ramchandani nishar@sph.com.sg Singapore PARKWAY Holdings shares rose as much as 30 cents yesterday before closing 26 cents higher at $3.83, in anticipation of a bidding war between453 words
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Article137 2010-07-03 2 STI 2,844.19 (+23.84) STI FUTURES 2,844.00 (+24.00) SIMSCI 338.24 (+2.72) SIMSCI FUTURES 339.10 (+4.80) STOCKS Friday Change KL COMP 1,307.44 -1.32 NIKKEI 225 9,203.71 +12.11 HANG SENG 19,905.32 -223.67 SET 802.57 +5.26 JAKARTA 2,871.55 -2.69 MANILA 3,290.98 -24.28 KOSPI 1,671.82 -14.42 SHENZHEN B 553.28 -6.52 MUMBAI IND 17,460.95 -48.38137 words
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Article, Illustration765 2010-07-03 3 Anna Teo - By Anna Teo anna@sph.com.sg Singapore A WEALTH of opportunities are opening up for Singapore that play to its strengths, says Finance Minister Tharman Shanmugaratnam, citing in particular prospects in urbanisation and middle class services. “We’ve never had opportunities so good765 words
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468 2010-07-03 3 Chen Huifen - This would mean more firms qualifying for assistance By Chen Huifen xuifen@sph.com.sg Singapore MORE local enterprises may be eligible for government assistance schemes targeted at small and medium enterprises if an ongoing review on the definition of SMEs gets through. BT understands that the468 words
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Article, Illustration760 2010-07-03 4 Chew Xiang - Public company shareholders more impatient for returns: SM Goh By Chew Xiang xchew@sph.com.sg Shanghai TEMASEK Holdings took over Keppel Corp’s stake in the “knowledge city” project in Guangdong because it could take a longer view while public company shareholders are impatient for immediate returns, Senior760 words
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Article, Illustration176 2010-07-03 4 AP Port Elizabeth, South Africa THE Netherlands came from behind to stun five-time champion Brazil 2-1 yesterday and became the first semi-finalist of the World Cup. Wesley Sneijder scored the winner in the 68th minute with a header following a corner kick. Robinho hadAP; AFP - 176 words
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Article561 2010-07-03 5 Move defuses row with big business, clears way for national elections AP Canberra AUSTRALIA’S government yesterday retreated from a planned 40 per cent tax on booming profits in the mining industry, defusing a damaging row with big business and clearing the way for national electionsAP - 561 words
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467 2010-07-03 5 Andrew Marks - By Andrew Marks btworld@sph.com.sg New York THE US Labor Department reported yesterday that 125,000 jobs were lost in June, confirming what most of Wall Street has been saying for the past two weeks: that the struggling US economic recovery has taken a turn467 words
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Page 2 Advertisements
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Advertisement74 2010-07-03 2 CONTENTS NEWS Top Stories 2-5 Raffles Conversation 6-7 Week in Review 8 Companies 9-13 From The Desk Of 14 Singapore 15-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Design L2-4 Dining L5-7 Shopping L8-9 Style L10-11 Home&74 words
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Advertisement7 2010-07-03 2 ??Fortis finally shows its hand, Page 97 words
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Page 3 Miscellaneous
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Miscellaneous53 2010-07-03 3 SINGAPORE —SWEEP— 1 ST PRIZE $2,200,000 $500,000 $250,000 $300,000 2 nd PRIZE 3 rd PRIZE SUPER SWEEP ami o°«oI mi > Draw No. 07/2010 3350.9 40 WidnNdNrI WEDNESDAY, 7 JULY 2010 p L A Always play with care. responsibly) Do not bet illegally. Towards Community Purpose and Benefit RCB Reg53 words
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Page 4 Advertisements
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Advertisement127 2010-07-03 4 An energy resources trading firm is looking for an experienced COAL TRADER, INDIAN MARKET To oversee coal sales to the Indian market To develop coal market channels with mine owners/producers/contractors, which includes prospecting, dealing, negotiating contracts, establishing pricing, shipping and logistics realisation and commercial politics to achieve profitability targets Keep127 words
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Page 5 Advertisements
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Advertisement580 2010-07-03 5 I§> I'M#IB CCM GROUP LIMITED (Company Registration No. *****6763W) (Incorporated in the Republic of Singapore on 9 September 2009) Placement of 25,000,000 New Shares at S$0.20 for each New Share, payable in full on application The Board of Directors of CCM Group Limited (the "Company") is pleased to announce that,580 words
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THE RAFFLES CONVERSATION
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Article, Illustration2290 2010-07-03 6/7 Conrad Tan - From emerging markets to the region’s most sophisticated financial hubs, Citi Asia Pacific CEO Shirish Apte’s vast experience stands him in good stead. By Conrad Tan By Conrad Tan conradt@sph.com.sg SHIRISH Apte, chief executive of Citigroup, Asia-Pacific, always wanted to be a banker. After graduating from the LondonARTHUR LEE - 2,290 words
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Page 6/7 Advertisements
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Advertisement70 2010-07-03 6/7 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Raffles Hotels Resorts epitomizes enchanting experiences, embodying global sophistication and residential charm. Each is exclusive, intimate with a distinctive sense of place, imbued with heartfelt service that is intuitive and unobtrusive “like a gentle breeze”.70 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK June 28-July 2, 2010
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Article, Illustration26 2010-07-03 8 The rebound in the economy and in travel demand has pushed up hotel room rates for the 2010 Formula One Grand Prix FILE PHOTOFILE PHOTO - 26 words
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42 2010-07-03 8 THE rebound in the economy and in travel demand has pushed up room rates for the 2010 Formula One Grand Prix, as hoteliers shift gears in anticipation of a stronger take-up this year.42 words
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52 2010-07-03 8 THE leaders of the world’s biggest economies have endorsed deficit reduction but on a case-by-case basis, a draft G-20 statement said on Sunday. Leaders promise “to put in place credible, properly phased and growth-friendly plans to deliver fiscal sustainability, differentiated for and tailored to52 words
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49 2010-07-03 8 SINGAPORE plans to triple its Newater capacity and increase desalination output by almost 10 times by 2060. National water agency PUB expects demand for water to double over the next 50 years on the back of population and economic growth.49 words
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40 2010-07-03 8 A CAPITAMALLS Asia unit detailed on Monday its RM848 million (S$365.5 million) initial public offering of Malaysia’s largest “pure-play”shopping mall Reit. Under the offer, CapitaMalls Malaysia Trust will issue 1.35 billion units.40 words
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76 2010-07-03 8 US President Barack Obama has launched a stern challenge to China, using the big stage of the G-20 summit of world powers to de- mand Beijing’s help in rebalancing the world economy. “My expectation is that they’re going to be serious about the76 words
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63 2010-07-03 8 IN their boldest step yet towards reconciliation, Taiwan and China signed a historic trade pact yesterday, 60 years after the civil war that drove them apart. The Economic Cooperation Framework Agreement hailed by both sides as a milestone and a commercial imperative was signed63 words
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70 2010-07-03 8 IN a new twist to the Khazanah-For-tis face-off, a previously unknown poison pill could be triggered and hurt Parkway Holdings if Khazanah fails to wrest control of the Singa-pore-listed healthcare provider. BT understands that the pill is embedded in a private shareholder70 words
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49 2010-07-03 8 MAPLETREE Investments, a Temasek Holdings unit, plans to list two trusts that will hold about $5-6 billion of Singapore assets between them. Mapletree itself could be floated, although this may be two years from now, CEO Hiew Yoon Khong said on Wednesday.49 words
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38 2010-07-03 8 NORWAY’S Government Pension Fund Global, said to be among the world’s largest and most transparent sovereign wealth funds, opened its Singapore office on Wednesday to be closer to its Asian investments.38 words
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49 2010-07-03 8 NATIONAL water agency PUB is calling an open tender for Singapore’s second– and larger– desalination plant to be built at Tuas. The plant, which will be completed by 2013, will add 318,500 cubic metres of fresh water daily to the nation’s supply.49 words
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50 2010-07-03 8 INDIAN group Fortis Healthcare, together with its founders, has made a $3.2 billion general offer for the three-quarters of Parkway Holdings it does not own. With this, it has countered Khazanah Nasional’s $1.18 billion partial offer and effectively ended weeks of fevered speculation.50 words
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44 2010-07-03 8 PRIVATE home prices have now surpassed the former all-time peak achieved in 1996, official data shows. The URA price index for private residential property rose to 184.1 points well clear of the pre-Asian crisis peak of 181.4.44 words
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47 2010-07-03 8 THE US House of Representatives gave its final approval on Wednesday to the biggest overhaul of Wall Street rules since the Great Depression of the 1930s, leaving the landmark bill in the Senate’s hands. Lawmakers voted 237-192, along party lines.47 words
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NEXT WEEK July 5-9,2010
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Article16 2010-07-03 8 July 8 Continuing and initial claims May Consumer credit July 9 May Wholesale inventories16 words
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Article88 2010-07-03 8 July 6 SYDNEY Reserve Bank of Australia board meeting. Announcement of interest rate decision PARIS Economy Minister Christine Lagarde, ECB Governing Council member Christian Noyer and World Trade Organisation director general Pascal Lamy attend Europlace financial forum July 8 LONDON Bank of England Monetary Policy Committee to announce interest88 words
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Page 8 Miscellaneous
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Miscellaneous332 2010-07-03 8 CRYPTIC CROSSWORD Across 1 In direct opposition, before guillotine’s brought into action? (4-2) 4 Phoney admission of poverty takes in good man (8) 9 Go round with a list at half-term (6) 10 I acted in variety show (8) 12 Flower goes to politician in ceremony (4) 13 Post office332 words
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Miscellaneous18 2010-07-03 8 SATURDAY with Ludwig ‘We have one unit within your price range but we already sold it in 1996...’18 words
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COMPANIES
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Article, Illustration744 2010-07-03 9 Nisha Ramchandani - But uncertainties and details need to be worked out; eyes on Khazanah’s next move. By Nisha Ramchandani corporate focus By Nisha Ramchandani nishar@sph.com.sg AFTER weeks of speculation and uncertainty, Fortis Healthcare finally showed its hand, and in doing so, shed light on its plansKREAB GAVIN ANDERSON - 744 words
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354 2010-07-03 9 Winston Chai - By Winston Chai winstonc@sph.com.sg Singapore STARHUB has joined Singapore Telecom and M1 in opening its own mega digital music store and hopes to get a leg-up on its rivals by offering tunes that can be freely transferred between different devices. The StarHub Music Store is354 words
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Article, Illustration870 2010-07-03 12 R Sivanithy - stocks R Sivanithy sivan@sph.com.sg Senior correspondent PRICES on the Singapore market were soft throughout the week, mainly because of selling ahead of expected weakness on Wall Street. So it stands to reason that, inevitable short-covering aside, yesterday’s 23.84-point rise in the Straits Times870 words
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176 2010-07-03 12 Conrad Tan - By Conrad Tan conradt@sph.com.sg Singapore FULL Apex (Holdings) has secured US$42 million in bank loanstorefinancethegroup’sexistingdebtandforgeneralpurposes, just months after its controlling shareholder tried to take the company private. The China-based plastic bottle maker said that its wholly owned unit, Jetzen Investment Limited, had signed176 words
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363 2010-07-03 12 Rachel Sim - By Rachel Sim rachsim@sph.com.sg Singapore A COMPANY linked to the Blackstone group, a US private equity firm, is pumping about US$45 million into China Animal Healthcare, the Singapore-listed maker of livestock drugs that is eyeing a Hong Kong dual listing. The proposed US$45363 words
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640 2010-07-03 13 Arthur Sim - Stock rises to 6-month high before closing just 2¢ up for the week By Arthur Sim simska@sph.com.sg Singapore NEWS that Genting Singapore is selling its UK operations to Genting Malaysia sent their shares in opposite directions yesterday. On the Singapore Exchange, Genting (S)640 words
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Business briefing
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118 2010-07-03 13 CHINA Fishery Group, a subsidiary of Pacific Andes Resources Development, said yesterday that it has decided not to proceed with its plans for a proposed secondary listing on Norway’s Oslo stock exchange due to the current market sentiment in Europe. The company’s listing118 words
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111 2010-07-03 13 SINGAPORE Exchange yesterday reported a mixed report card for the securities, commodities and derivatives trading last month. The exchange said that average daily securities trading value in June fell 26 per centyear-on-year to $1.2 billion. Exchange funds were active-ly-traded last month and111 words
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71 2010-07-03 13 SOUND Global Ltd said yesterday that it still intends to dual-list on the main board of the Stock Exchange of Hong Kong after all, a week after it had said it would postpone the idea. It said that the Sound Global board “wishes71 words
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Article402 2010-07-03 13 Emilyn Yap - By Emilyn Yap emilyny@sph.com.sg Singapore A SERIES of board and management changes is coming up at Rowsley and UPP Holdings companies linked to ex-remisier king Peter Lim. Key management from Rowsley will be assuming other roles at UPP. Formerly known as United Pulp Paper402 words
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Page 9 Advertisements
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Advertisement27 2010-07-03 9 GCB Land Mt Echo Park Land Size 16,826 sqft Ideal for rebuild Vacant Possession Quiet ambience North/East facing Appointed Sole Agent Citiprop Pacific KC Ng 9853 100127 words
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Page 10 Advertisements
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Advertisement2149 2010-07-03 10 Voluntary Conditional Cash Offer by and MacquarieCapital (Singapore)Pte.Limited (CompanyRegistrationNo.:*****4430K) (IncorporatedintheRepublicof Singapore) forandonbehalfof TheRoyal BankofScotlandN.V., SingaporeBranch (IncorporatedintheNetherlands) RHCHEALTHCAREPTE.LTD. (CompanyRegistrationNo.:*****3314K) (IncorporatedintheRepublicof Singapore) toacquireall theissuedandpaid-upordinaryshares inthecapital of PARKWAYHOLDINGSLIMITED (CompanyRegistrationNo.:*****0320R) (IncorporatedintheRepublicof Singapore) otherthanthosealreadyowned,controlledoragreedtobeacquiredbytheOfferorand partiesactinginconcertwithit 4.2 Principal Activities. Based on publicly available information, the principal activities of the Company are those relating to investment holding,2,149 words
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Page 11 Advertisements
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Advertisement2163 2010-07-03 11 stemcell therapy and robotic surgery. By implementing respective best practices of the Fortis Group and the Parkway Group across the combined healthcare network, the Principals expect to enhance revenue growth through increased service offerings across the combined hospital network, improved operating metrics, and better patient outcomes. The combined Fortis and2,163 words
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Page 13 Advertisements
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Advertisement70 2010-07-03 13 il'ftU L6V.€LVNiN.G] 9847-6899 Newsman Realty Pte Ltd Cove Way Elegant 6800/8000sqft 2 1/2 storey modern home Gracious master suite Lovely golf course views' 1 Asking $2800psf neg Treasure Island (3 villas) Ranging fm 8500 12,000sqft land Variants of 9000 12,000sqft built-up Resort-like, faces waterway Each with private berth Asking $2800psf70 words
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FROM THE DESK OF
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Article, Illustration864 2010-07-03 14 from the desk of WITH the advent of the digital age, governments around the world have recognised the need to step up and embrace digital networking platforms and technologies to better engage with its citizens. This brings about a finer appreciation of citizen needs and requirements, clarity864 words
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SINGAPORE
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Article, Illustration388 2010-07-03 15 Winston Chai - Lack of awareness cited as a key reason for homeowners declining OpenNet’s offer By Winston Chai winstonc@sph.com.sg SINGAPORE’S ambition to have ubiquitous high-speed broadband connectivity could end up being only half-fulfilled 50 per cent of households here are saying no to the country’s new388 words
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Article, Illustration346 2010-07-03 15 THE government is introducing more measures to raise safety standards at construction sites as the fatality rate at these places shows no signs of abating. There have been 15 construc-tion-related deaths so far this year and this is about half ofFILE PHOTO - 346 words
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282 2010-07-03 15 ASIA’S TV retailers went through an exciting period in the weeks leading up to mid June, as the World Cup ramped up TV sales. The first week of June saw combined sales of high definition (HD) and full high definition (FHD) TV in282 words
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Article, Illustration435 2010-07-03 17 Teh Shi Ning - They were deceived into signing franchise agreements with shoe firm By Teh Shi Ning tshining@sph.com.sg THREE firms yesterday won their suit against high-end furniture retailer Da Vinci Holdings and its managing director, Raymond Phua. The High Court found that Mr Phua435 words
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Article, Illustration205 2010-07-03 17 VISITORSto Marina Bayon July 17 and 18 will get to enjoy a range of activities organised by the Urban Redevelopment Authority to celebrate the official opening of the Marina Bay waterfront promenade. Dubbed the Big Carnival@Marina Bay, more than 80,000 Singaporeans and visitors are expected toREUTERS - 205 words
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257 2010-07-03 17 THE Singapore Youth Olympic Games will not only yield spin-offs for businesses here but give companies a chance to give more to society, leaders of corporate sponsors of the Games said at a roundtable yesterday. The second Chairman’s Club forum, initiated by Deloitte257 words
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Article, Illustration351 2010-07-03 18 Glenn Chee - The joint awards to eight principal investigators are aimed at promoting sustainable manufacturing By Glenn Chee gchee@sph.com.sg GLAXOSMITHKLINE (GSK) and the Singapore Economic Development Board (EDB) yesterday jointly awarded funding for eight research projects, based in Singapore, aimed at growing local capabilitiesFILE PHOTO - 351 words
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83 2010-07-03 18 THE Kota Kado, a Singapore-registered 3,080 TEU container ship operated by Pacific International Lines (PIL), ran aground on June 30 on departure from Nansha Port, China while en route to Singapore. PIL said that all the ship’s personnel are safe and salvage operations83 words
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Article, Illustration180 2010-07-03 18 OIL additive producer Infineum Singapore–ajoint venturebetweenExxonMobile and Shell– will builda calcium salicylate manufacturing plant here. The plant Infineum’s second in Singapore after a facility at Jurong Island is slated to begin production in the second half of 2013. Infineum did not reveal the cost orFILE PHOTO - 180 words
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Page 15 Advertisements
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Advertisement76 2010-07-03 15 SENIOSA.COAfEj BUNGAEaWSl ■Cove Drive *****/***** sqft. Full seaview berth. Wide frontage. Top quality. ■Cove Drive *****/***** sqft. Full seaview. 40M frontage. 30M Pool. Park 8 cars. ■Cove Grove *****/***** sqft. Unblocked seaview with Pte Berth. Rare. ■Coral Island 6300/7000 sqft. Privacy. Pte berth, only $12.3M. •Treasure Island *****/***** sqft. Best76 words
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Page 16 Advertisements
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Advertisement264 2010-07-03 16 Nestle Presents j. HEALTH vJ Y0U i i Join in theT July 3 and 4, 2010 10am to 8pm Exhibition Hall 402-404 Suntec Singapore Free Admission 1 More than 120 exhibitors at Singapore's largest health and wellness event will showcase an unrivalled range of products and services. Don't miss it!264 words
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Page 17 Advertisements
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Advertisement369 2010-07-03 17 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 HYPO REAL ESTATE CAPITAL SINGAPORE CORPORATION PRIVATE LIMITED (INCOPORATED IN SINGAPORE) (Co. Reg. No: *****3717W) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 29 June 2010, the following resolutions were duly369 words
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Page 18 Advertisements
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Advertisement11 2010-07-03 18 世 http://south-africa-2010.omy.sg 网猜赢 40"LCD 猜冠总 Havaianas$500 赢11 words
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WORLD
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Article, Illustration567 2010-07-03 19 But it’ll remain cautious outlook-wise, given global-dip fears Reuters Tokyo THE Bank of Japan is expected to revise up its economic forecast for the current fiscal year, sources said, but stick to its cautious view on the outlook as worries about another globalReuters; REUTERS - 567 words
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328 2010-07-03 19 Reuters Shanghai THE Chinese yuan jumped against the dollar yesterday to its highest since its 2005 landmark revaluation after China’s central bank appeared to condone the climb by setting its reference rate sharply higher. The yuan climbed as far as 6.7700 toReuters - 328 words
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116 2010-07-03 19 Reuters Washington A US TRADE panel on Thursday turned down an industry request to slap duties on hundreds of millions of dollars of a steel product from China. The rare “no” vote by the US International Trade Commission (ITC) bars the Commerce DepartmentReuters - 116 words
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336 2010-07-03 19 AP Taipei TAIWAN’S President Ma Ying-jeou on Thursday defended his landmark trade deal with China against claims that it would lead to a Beijing takeover. The Economic Framework and Cooperation Agreement, signed on Tuesday in the Chinese city of Chongqing, is theAP - 336 words
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533 2010-07-03 20 He advocates comprehensive approach and wants to create a pathway to citizenship AP Washington US PRESIDENT Barack Obama told Latino and other groups that Republicans are being excessively partisan during an election year, and accused the opposition party of delaying reform of the US immigrationAP - 533 words
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158 2010-07-03 20 AP Washington PRESIDENT Barack Obama has signed a bill imposing tough new sanctions against Iran over its alleged nuclear weapons programme. The bill that Mr Obama signed on Thursday evening targets exports of petrol and other refined petroleum products to Iran. It bans USAP - 158 words
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Article, Illustration343 2010-07-03 20 AP Sacramento, California GOVERNOR Arnold Schwarzenegger on Thursday ordered about 200,000 California state workers to be paid the federal minimum wage this month because the state legislature has not passed a budget. The director of the Department of Personnel Administration, Debbie Endsley,AP - 343 words
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Article, Illustration543 2010-07-03 21 Lower sales to Europe and China in May add to evidence that the region’s rebound may have peaked Bloomberg Bernama Kuala Lumpur MALAYSIA’S exports rose at the slowest pace in three months as sales to Europe and China eased, adding toBloomberg; Bernama; BLOOMBERG - 543 words
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348 2010-07-03 21 Bloomberg Tokyo NINTENDOCo’sDSandSonyCorp’sPlayStation Portable handheld players led a 4.9 per cent decline in US video-game sales to US$823.5 million in May, according to market researcher NPD Group Inc. Sales of the touch-screen DS fell 39 per cent from aBloomberg - 348 words
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Article, Illustration560 2010-07-03 22 This raises concern that the govt stimulus spending which drove its rebound has left a glut of unneeded factories AP Beijing CHINA’S economy grew even faster in 2009 than previously reported, adding to concern that the flood of stimulus spending and loans thatAP - 560 words
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Article426 2010-07-03 22 AFP London ONE of Britain’s most famous newspapers, The Times, started charging readers to access its website yesterday, the first non-specialist daily here to do so. It will now cost £1 (S$2.10) for a daily subscription or £2 for a weekly one to The TimesAFP - 426 words
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189 2010-07-03 22 AFP Hong Kong GAMING revenues in the Chinese gambling haven of Macau fell 20 per cent in June from a record high in May as World Cup fever kept high-stakes gamblers away, an analyst said yesterday. Macau’s casinos raked in aboutAFP - 189 words
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Page 20 Advertisements
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Advertisement4 2010-07-03 20 flRST>N rthlttehrtS m www.radio913.com4 words
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Page 22 Advertisements
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Advertisement19 2010-07-03 22 ft Lianhe Zaobao Code of Corporate Governance may be amended J»£&«1sfri5t To subscribe, call 6388-3838 or go to sphsubscription.com.sg19 words
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SGX
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Article8941 2010-07-03 23 Transaction date: Jul 2 Transaction date: Jul 2 Transaction date: Jul 2 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 7.5 3148 8Telecom 15.5 unch 171 15.5 15.5 15 15.5 1.7 11.78,941 words
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Article1763 2010-07-03 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5 4.5 5.5 27.8 4.8 24 13 8538 t APStrategic 20 unch 69 20 17.5 17.5 201,763 words
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Article186 2010-07-03 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 3 0 0 0 9 5 3 Manufacturing 58 43 64 2 1 15 60 44 79 Commerce 24 11 19 1 2 6 25 13 25 Tpt/Stor/Comms 18 11 10186 words
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Article812 2010-07-03 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 28 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fujian Zhenyun 1-Jul-10 Lakeview Inv Grp, LLC Sell 1065 na 7791 6.78 6726 5.85 Sino Grandness 30-Jun-10812 words
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Article123 2010-07-03 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,261 21,261 91,290 91,290 Manufacturing 191,795 9,464 201,259 184,274 291 184,565 Commerce 142,019 5,531 147,550 121,462 1,566 123,028 Tpt/Stor/Comms 103,901 591 104,492 204,281 84 204,365 Finance 22,891 15 22,906 231,453 1 231,455 Construction 13,192 5,653123 words
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MARKETS
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Article, Illustration91 2010-07-03 27 YTD change:-1.84% 52-week high: 3,037.97 on April 15,2010 52-week low: 2,235.45 on July 8,2009 Source: Bloomberg YTD change: -8.99% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 17,185.90 on July 13,2009 Source: Bloomberg YTD change: -27.29% 52-week high: 3,478.01 on Aug 4,2009 52-week low: 2,319.74 on July 2,2010Source: Bloomberg - 91 words
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374 2010-07-03 27 In local curr In S$ In US$ dy yr dy yr dy yr Jul 1 Index Change Change Change Change Change Change World Index Preliminary 754.3 -1.4 -9.4 -0.7 -12.0 -0.8 -11.6 ‡EAFE Preliminary 701.1 -1.9 -10.7 -0.7 -15.8 -0.8 -15.4 Europe Preliminary 1005.6 -2.2374 words
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Article154 2010-07-03 27 Jul 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1786 1.1800 0.8459 0.8461 Canadian dollar 1.3134 1.3153 0.9427 0.9431 Euro 1.7409 1.7428 1.2495 1.2497 NZ dollar 0.9635 0.9658 0.6915 0.6925 Sterling pound 2.1131 2.1157 1.5166 1.5171154 words
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Article84 2010-07-03 27 Jul 1 COCOA (£/tonne) Close Prev High/Low Jul 10 2567 2503 2625/2495 Sep 10 2408 2374 2423/2370 Dec 10 2244 2205 2247/2198 Mar 11 2205 2171 2214/2165 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1740 1699 1743/1695 Sep 10 1766 1731 1769/1721 Nov 10 1761 1731 1764/1736 Jan 1184 words
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Article105 2010-07-03 27 Jul 1 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 10 953.50 948.50 954.25 943.25 Aug 10 937.00 931.00 938.50 926.25 Sep 10 915.50 912.00 918.00 904.75 Nov 10 905.50 902.50 909.00 894.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jul 10 35.87 37.66 36.29105 words
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Article66 2010-07-03 27 Jul 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2401 2406 2410 2400 115 3837 Aug 10 2365 2358 2367 2353 2114 ***** Sep 10 2342 2335 2346 2328 5350 ***** Oct 10 2318 232266 words
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Article75 2010-07-03 27 Jul 1 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 71.96 -3.34 WTI (Near Mth) 72.55 -3.11 Dubai (1-Mth F) 72.33 -1.44 Tapis blend 78.35 -1.80 Minas 75.65 -2.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 68.11 -2.20 Jet Kerosene 84.70 -1.65 US$/barrel Opec Oil Basket Price75 words
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Article72 2010-07-03 27 Jul 2 GOLD (US$/oz) Jul 02 Jul 01 Hong Kong 1209.50 closed Jul 01 Jun 30 London 1217.*****3.15 1218.*****4.15 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.07 24.85 Source: UOB PLATINUM Lon (US$/oz) Jul 01 Close Previous PM Fix 1518.*****2.00 AM Fix 1532.*****3.00 Source: Thomson Reuters PLATINUM72 words
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Article71 2010-07-03 27 Jul 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1900.75 1951.25 3 months 1926.00 1977.50 Copper, Grade A (US$/tonne) Cash 6299.50 6183.50 3 months 6330.00 6515.00 Lead (US$/tonne) Cash 1710.75 1725.75 3 months 1735.00 1750.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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PERSPECTIVE
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Article, Illustration1968 2010-07-03 28 / 29 John Helmer - Why do Russian oligarchs spend money on loss-making foreign football teams? The answer can be found in findings about how their wealth and winnings are generated and transferred abroad each day. But till that is published, they will still propel the myth that winning inREUTERS - 1,968 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1015 2010-07-03 30 / 31 Genevieve Cua - While Asia is seen as alluring, managers still expect to focus mainly on Europe and the US which will provide a more stable revenue stream Genevieve Cua gen@sph.com.sg Personal Finance Editor ASSET managers often cite Asia and the emerging markets as the main destination1,015 words
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BROKERS' TAKE
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Article321 2010-07-03 30 / 31 Underperform CIMB-GK Research July 2 Close: $4.70 RISKS of retreating back into its shell; downgrade from “outperform” to “underperform”. Softening property sentiment on the return of global uncertainties has reversed our optimism that management will monetise its inventory earlier than expected. We expect further delays in launches.321 words
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Article406 2010-07-03 30 / 31 Conrad Tan - Compiled by Conrad Tan Buy UOB Kay Hian Research July 2 Close: $0.295 FOSHAN-BASED integrated property developer Debao Property Develop- ment’s core business is the development of mid-range to high-end residential properties. Its entire 1.3 million square-metre gross floor area landbank is located in Foshan in Guangdong406 words
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Article, Illustration1109 2010-07-03 32 Miles Weiss - Fund managers see investor demand for corporate debt despite the slowing US economy. By Miles Weiss By Miles Weiss Bloomberg Washington PUTBillGross,manag-er of the world’s biggest bond fund, and ex-Morgan Stanley President Zoe Cruz in thecampthatseesinvestor demand for low-rated corporate debt even as super-safeBloomberg; AP - 1,109 words
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Article, Illustration1516 2010-07-03 33 Teh Hooi Ling - Analysis of obituaries in The Economist turns up some common factors for longevity show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder ONE of my favourite items in The Economist is the obituary column. It’s not that1,516 words
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962 2010-07-03 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 15 LANDED South Union Park 2-Ter 04/06/2010 FH 2153 2050 952 Tembeling Rd 2-Ter 02/06/2010 FH962 words
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Article, Illustration600 2010-07-03 35 The company is looking to benefit from a recovery in the property market as values become more attractive after price declines Bloomberg Tokyo MGPA, a private-equity real estate investment firm that manages US$10 billion, said it may double its assets in Japan over theBloomberg; BLOOMBERG - 600 words
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276 2010-07-03 35 btnews@sph.com.sg Singapore CAPITALAND’S service residence arm, The Ascott Limited, yesterday opened its first Citadines service residence in Australia. Called the Citadines Melbourne on Bourke, the 380-unit property located in Melbourne, Victoria, is the largest Citadines-branded service residence in Ascott’s global network. Ascott is offering introductory276 words
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Page 34 Advertisements
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Advertisement65 2010-07-03 34 Featuring the Quality Homes Collection The Vision. Realising A Vision Of Splendour. For enquiries: lrvin Kok 9181 7275, lKok@savills.com.sg Lawrence Chia 9617 2884, LChia@savi11s.com.sg To arrange for an appointment to view our show unit, please call 6836 3338 or search with us atffi I savills Savills lias more than 20065 words
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Page 36 Advertisements
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Advertisement38 2010-07-03 36 A M 4UDEMARS PlGUET Lc maltre de I'horlogerie depuis 1875 20 10 SB m eo 1 X m 40*" 20 m N U N N N V ROYAL OAK OFFSHORE CHRONOGRAPH For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com38 words
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Advertisement48 2010-07-03 1 DINING Dishy concepts L6-7 SHOPPING Killer iPhone apps L8-9 LivingTHEBUSINESSTIMESWEEKEND|JULY3-*****BTTHE BUSINESS TIMES WEEKEND JULY 3-4 2010 IN WITH THE OLD London’s heritage hotels lovingly restored PHOTO: TOWN HALL HOTEL STYLE Paris’s soft sell L10-11 GADGETS Handy cams L14 MOTORING A hotter Cayenne L19 HOME GARDEN Rocket pad L12-1348 words
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BT Living
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DESIGN
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Article, Illustration2371 2010-07-03 2/3 Daven Wu - heritage properties are lovingly restored as opulence wins new fans. By Daven Wu By Daven Wu btnews@sph.com.sg THERE are some hotels whose very names immediately conjure an impressionist world of luxury, old world glamour and the immutable imprint of genteel tradition. The George V in ParisPAUL CHILDS - 2,371 words
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DINING
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Article, Illustration675 2010-07-03 5 The White House’s latest style statement are official flowers in a looser ‘garden’ style LATWP Washington MICHELLE Obama has Obama-ised the White House with healthful menus, planted bok choy and rhubarb to supply them and ramped up the fashion quotient with metallic straplessLATWP; REUTERS - 675 words
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Article831 2010-07-03 5 wine dins with BTWeekend Pine Court Chinese Restaurant Level 35 Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Relish exquisite Cantonese cuisine especially created by master chefs at Pine Court Chinese Restaurant. Traditional recipes take on a refreshing interpretation featuring signature dishes such as Peking Duck with Spinach Crepes, Baked Champagne-glazed831 words
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Dishy concepts
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Article, Illustration612 2010-07-03 6 / 7 Audrey Phoon - Level 2, Ascott Raffles Place 2 Finlayson Green ?6509-0908 Dishyconcepts Be it from fine-dining restaurant to bistro, coffeeshop stall to restaurant or a change in name, restaurateurs are taking the outlet revamp route By Audrey Phoon THERE are many chefs who wouldn’t touch all-day dining that culinary concept612 words
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Article, Illustration614 2010-07-03 6 / 7 Jaime Ee - #02-2A The Gallery Hotel 1 Nanson Road ?6836-1613 By Jaime Ee jaime@sph.com.sg CALL it fengshui-style cleansing or just a new marketing approach, but things seem to be looking up for the new or should we call it newly renamed restaurant Matsu, formerly known as Shibaken. Since the Japanese-French eatery614 words
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Article, Illustration695 2010-07-03 6 / 7 Audrey Phoon - #01-01 National Museum of Singapore 93 Stamford Road By Audrey Phoon aphoon@sph.com.sg DAMIAN D’Silva has mellowed with age. You know this when he begins lamenting as he has done for years about traditional recipes dying out and the younger generationPHOTOS OF J BISTRO BY YEN MENG JIIN - 695 words
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shopping
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Article, Illustration1529 2010-07-03 8 / 9 Melissa Lwee - Gucci creative director Frida Giannini once said that “apps are the new virtual accessories” and rightly so. There are iPhone apps for all fashion concerns, be it news updates, style tips, shopping advice or even make up videos. And the list grows longer every day. We sift thePhotos by PR Photos - 1,529 words
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STYLE
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Article, Illustration1688 2010-07-03 10 / 11 Daniel Goh - labels take a bold plunge with fluid shapes and ever frothier fabrics or even cross the line to feminine clothes, adapted for men. By Daniel Goh men.By Daniel Goh btnews@sph.com.sg MEN’S fashion has come out of the closet. Unlike the Milan menswear collections, which proposed a swaggeringPHOTOS: AP - 1,688 words
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HOME & GARDEN
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Article, Illustration1172 2010-07-03 12 / 13 Geoffrey Eu - took Mark Seeger just six months to turn a lost cause into a cosy, comfortable abode. By Geoffrey Eu personal space cosy, By Geoffrey Eu btnews@sph.com.sg YOU don’t have to be a rocket scientist to complete a hands-on renovation of your home but it helps. Just ask MarkPHOTOS BY JOHN HENG - 1,172 words
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GADGETS
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Article, Illustration819 2010-07-03 114 Christopher Lim - For portability with powerful sensors and interchangeable lenses, EVIL is good. By Christopher Lim By Christopher Lim limchris@sph.com.sg WHENitcomestopowerfulcamer-as that are easy to carry, EVIL is good.TheacronymreferstoElectronic Viewfinder Interchangeable Lens models, which broadly encompass those smaller and lighter than SLR cameras but are almost as powerful. Some have819 words
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HEALTH
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Article, Illustration678 2010-07-03 115 Cheah Ui-Hoon - A little molecule that exists in almost every human cell may be the body’s most powerful healing agent. By Cheah Ui-Hoon agent.By Cheah Ui-Hoon uihoon@sph.com.sg MORE clinical trials are now being done on glutathione supplementation as part of cancer treatment as well as anti-age-ing routines, since knowledge678 words
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SPORT
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Article, Illustration669 2010-07-03 116 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor GLANCING through the sports pages the other day, I did a double-take after reading that tennis poster boy Roger Federer had been knocked out of Wimbledon at the quarter-final stage the earliestAP - 669 words
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Article609 2010-07-03 116 Steve Dawson - grand slam| with Steve Dawson Steve Dawson FOR the first time since 1977, the Queen paid a visit to Wimbledon. Last week at the All England Club, she shook the hands of players who are worth almost as much as she is. But it609 words
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GOLF
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Article, Illustration1295 2010-07-03 117 Justine Moss - A formalised yet simple procedure is now available to help golfers select the best ball for their game. By Justine Moss game.By Justine Moss btnews@sph.com.sg FOR decades, golfers have preferred to cus-tom-fit their golf clubs rather than purchase a set off the rack which is built1,295 words
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MOTORING
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Article, Illustration599 2010-07-03 118 Samuel Ee - The Hybrid has almost instantaneous response and feels unlike any other volume Toyota you may be used to. By Samuel Ee By Samuel Ee samuelee@sph.com.sg ONCE Singapore’s most popular mid-sized saloon, the Toyota Camry has been forced to slow down due to issues of age and price. Launched599 words
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Article, Illustration623 2010-07-03 120 Samuel Ee - The new Porsche Cayenne is arguably one of the best handling SUVs on the market. By Samuel Ee By Samuel Ee samuelee@sph.com.sg YOU may or may not agree that the styling of the new Porsche Cayenne makes it look like an unflattened Porsche Panamera. But you will623 words
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Page 119 Advertisements
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Advertisement186 2010-07-03 119 TOYOTA 10* THE NEW CAMRY HYBRID. THE PERFECT SYNERGY OF ADVANCED TECHNOLOGY AND LUXURY. HYBRJD EXPERIENCE EXCEPTIONAL PERFORMANCE, QUIETNESS AND COMFORT, ONLY WITH TOYOTA HYBRIDS. Toyota's world-leading full hybrid system combines petrol engine and electric motor in the Camry Hybrid to give you: Superior Fuel Efficiency Powerful Performance Lowest Emissions186 words
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