The Business Times, 27 June 2009

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Total Pages: 44
1 44 The Business Times
  • 17 1 THE BUSINESS TIMES weekend JUNE 27-28, 2009 Ssl.oo MICA (P) 198/08/2008 S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 1178 1  -  Christopher Lim His Beatles' catalogue counterpoised by mountain of debt; promoter faces USssoom liability By limchris@sph.cotn.sg Singapore THE king is dead, his musical legacy untarnished but his business legacy uncertain. For a man who had teetered on the brink of bankruptcy, Michael lackson left
    XINHUA; FILE PHOTO  -  1,178 words
  • Page 1 Advertisements
    • 41 1 S 'WKmVfr *'^«feb#-'* JwJj Depuisl77s /jrd \Wnti**k ~mmmtm9w^^A*&^4->^fy£ Boutique Breguet, 328 North Bridge Road, #01-18 Raffles Hotel Arcade tfmfffli aT B^^Um^'aTar!- —-CT^^TJV ISr\S.x(/ S PARIS CANNES GENEVA VIENNA LONDON MBffi jr ■JSSgf Ad^WfrTTilTlJft,ll^L!S-^^'^ NEW YORK LOS ANQELES DUBAI MOSCOW TOKYO SEOUL
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  • Page 1 Miscellaneous
    • 166 1 mmmW J' 4 \W www.businesstimes.com.sg M I THE RAFFLES CONVERSATION MOTORING WEALTH r>~™ pr TOM PURVES, CEO OF Porsche's outstanding^ggMg 2i Affordable insurance ROLLS-ROYCE CARS 6-7 Panamera LlB-19 :^g for the poor 28-29 FINANCIAL FUTURE 5-pronged push to grow sector Singapore will ride the Asian infrastructure boom, tap the growing
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  • TOP STORIES
    • MARKETS
      • 45 2 KL COMP 1,075.77 +1.66 NIKKEI 225 9,877.39 +81.31 HANG SENG 18,600.26 +325.23 SET 595.80 +5.20 IAKARTA 2,040.19 -3.98 MANILA 2,477.44 +9.88 KOSPI 1,394.53 +1.80 SHENZHEN B 486.66 +7.32 MUMBAI IND 14,764.64 +419.02 12.00am EDT Chanpe 12.00am EDT Change DOW 8,420.10 -52.30 NASDAQ 1,829.72 +0.18
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      • 29 2 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.303 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 12.25 Source:
        Bloomberg  -  29 words
      • 45 2 US$ s$ us$; 1.455 ;us$/s$ ier£* 1.647 2.398 EURO(US$/S$/E) 1.403 Foreign currency per US$ 2.042 S$ 'EN 95.90 65.90 RM 3.531 2.426 HK$ 7.750 5.325 BAHT 34.06 23.40 RUPIAH 10; ,210 7,015 RENMINBI 6.835 4.696 INDIAN RUPEE 48.44 33.28 1.242 0.853 NZ$ 1.554 1.068
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    • 695 2  -  Oh Boon Ping Focus is on attracting investors, wealth protection, maintaining order, improving risk management and building talent By huwenbin@sph.corm.sg Singapore INFRASTRUCTURE investments in Asia is set to grow by leaps and bounds in the coming years and Singapore aims to be at
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    • 531 2  -  Vincent Wee By vincewee@sph.com.sg Singapore KEPPEL Corp again appears to be using its might to get itself further ahead in the rig-building game, with reports that it is in talks to take a stake in a new shipyard in Brazil apparently shoving rival
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    • 527 4  -  Uma Shankari Companies implement business continuity plans that were put together during the Sars outbreak in 2003 By shankari@sph Singapore ANOTHER trading room was closed at CIMB-GK Securities' Raffles Place office yesterday and an additional 40 remisiers were sent home, after a second remisier
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  • Page 2 Miscellaneous
    • 65 2 NEWS LIVING Top Stories 2-4 DininS Raffles Conversation 6,7 Entertaining L 7 Week in Review 8 Weekend With From The Desk Of 9 Gadge^^ L 9 Companies 10-13 IreE' i -ddt9 Singapore 14,15 Letter From Abroad 16 VV°^ T7^9 shopping LlO.ll Stocks stats 21-25 Home Garden L 12,13 Perspective 26,27
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  • Page 3 Advertisements
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  • Page 5 Advertisements
    • 211 5 mi m The art of loft living When boundaries are pushed... When you are free to express yourself... MWhen living zones are redefined... B^ A prime investment opportunity 1 or visit our showflats at 83 Cairnhill Road I\m* S mm 'am to m ay I^^^ District 11 1 Penthouse 1
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  • THE RAFFLES CONVERSATION
    • 2162 6  -  Yen Sreenivasan Through world wars and global recession, Rolls-Royce holds its head high as the standard bearer of ultimate luxury. By YOU can get there in any car. But you only truly arrive in a Rolls-Royce." Tom Purves' passion is obvious. The 60 year-old CEO
      ARTHUR LEE  -  2,162 words
    • 317 6 THE British motoring industry is still vibrant and alive, albeit a very multinational business. And Britain remains the base for technology used in many global marques of today. Tom Purves does not buy the notion of a "Wimbledon Syndrome" in British motoring industry. "We have to
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    • 76 6 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • 46 7 China and Japan need to undergo extensive industrial restructuring and downsizing to counter the impact of what some analysts say is likely to be a permanent downturn in demand for consumer exports to the US and other advanced economies.
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      • 34 7 Corporate restructuring specialists are busy for good reason in bad times, as more distressed companies restructure to preserve their business, protect suppliers and keep creditors at bay.
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      • 48 7 Starhill Global Reit, which owns stakes in Wisma Atria and Ngee Ann City in Singapore, will raise $337.3 million through a rights issue making it the fifth real estate investment trust this year to raise funds by issuing new units.
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      • 44 7 Yellow Pages was flagged in a going concern notice by PricewaterhouseCoopers LLP on Monday. In its report, PwC drew attention to Yellow Pages' unsecured fixed rate bonds amounting to $130 million that are maturing on Sept 30.
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      • 52 7 Amid signs that a community spread of the HINI virus has begun and cannot be kept at bay much longer-Singapore has decided to modify its strategy. The focus will shift from containing the spread of the virus to mitigating the effects of
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      • 40 7 After enduring some hard knocks, private equity players are on the hunt again. The difference is that now they have set their sights on defensive sectors, instead of the riskier and cyclical industries.
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      • 51 7 China Yongsheng, the former Global Ariel, received a public reprimand from the Singapore Exchange on Tuesday for breaching its listing rule on timely disclosures. SGX also noted that there are internal control weaknesses and urged the group to appoint a sponsor as soon as
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      • 37 7 The economic slowdown offers a chance for infrastructure development to catch up with economic progress, said Environment and Water Resources Minister Yaacob Ibrahim at the Singapore International Water Week on Tuesday.
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      • 58 7 Hyflux has signed an agreement to build two water desalination plants in Libya, a deal which analysts say could be worth more than $1 billion. It will take a 49 per cent stake in the two plants which have a total design capacity
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      • 46 7 The US and European Union filed charges of unfair trade practices against China at the World Trade Organization on Tuesday, saying that Beijing was restricting exports of raw materials to give manufacturers in that country a competitive advantage.
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      • 63 7 Formula One's world governing body the FIA and eight rebel F1 teams have reached an agreement to avoid a breakaway series next year. As part ofthe agreement, FIA president Max Mosley says he will not now stand for re-election. MR
        AP  -  63 words
      • 31 7 Chemoil founder Robert Chandran's family is in talks with top commodity trader Glencore to sell its 51 per cent share in the marine fuel supplier.
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      • 35 7 CIMB Securities yesterday ordered 50 of its remisiers at its Raffles Place office to go on home quarantine after one of them caught the HINI virus from his son.
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      • 35 7 MOODY'S Investors Service says the outlook for Singapore banks and the Asian banking industry is negative as it expects a substantial increase in non-performing loans amid rising corporate defaults.
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  • Page 7 Advertisements
  • Page 7 Miscellaneous
    • 299 7 CRYPTIC CROSSWORD across n —[2 I—R ~~14 [5 I k —[7 ~~[g familiar piece of music? 1 Plan curtailed in racing I «j) business type? (2,5) —H H H H— H H— country outwardly has swamp in African city (9) I 1 18 Tea permitted in small showing annoyance (7)
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    • 101 7 NEXT WEEK June 29July 3, 2009 US DATA June 30 Consumer Confidence June S&P/Case-Shiller Home Price Index April Chicago PMI June July! ADP employment change June Construction spending May ISM Index June Pending home sales May Crude inventories 06/26 Auto sales June July 2 Unemployment rate June Average workweek June
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  • FROM THE DESK OF
    • 641 8  -  Ralph 'Skip' Boyce Firms need to understand the unique characteristics of the markets and societies which they operate in. FROM THE DESK OF President Boeing South-east Asia THE concept of guan xi, or as literally translated in English, "relationships", is synonymous with Chinese culture but certainly
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  • COMPANIES
    • 711 9  -  Nisha Ramchandani It agrees to sell new shares to Triumph Power, Litebay; shareholder EGN Nominees opposes move By nishar@sph.cotn.sg Singapore ASIA Water Technology (AWT) has entered into agreements for a proposed investment and rights issue, it announced last week. It has entered into a subscription
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    • 215 9 THE Monetary Authority of Singapore's (MAS) US$3O billion currency swap line with the US Federal Reserve has been extended from April 30 this year to Feb 1, 2010, MAS said yesterday. Currency swap lines of US$3O billion each were established last October with
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    • 607 9  -  Lynette Khoo By lynkhoo@sph.cotn.sg Singapore OIAM International has won the bid for two production plants of a US-based tomato processing group that is under Chapter 11 bankruptcy protection. Ihe acquisition cost of US$39 million is significantly below the potential replacement cost of US$l3O million
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    • 640 10  -  Ronnie Lim NEWS ANALYSIS It's in talks to take over the Ghandran family's 51% stake in mainboard-listed Chemoil. By THE buyer of the Chandran family's controlling 51 per cent stake in mainboard-lis-ted Chemoil touted to be Swiss-headquartered Glencore International can gain a back-door
      FILE PHOTO  -  640 words
    • 315 10 THE court hearing to sanction a proposed scheme of arrangement for TT International is scheduled to be held in the week commencing Aug 17. TT International indicated this timeline one day after it said that trading of its shares would remain suspended till at
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    • 563 11  -  R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent lIWESTORS are no doubt tired of talk of green shoots on one hand and brown weeds on the other. But unfortunately there is no escaping these terms which, judging by events this week, may be
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    • 113 11 VOL CLOSE Ihina Hon! 105,688 185 1.5 8.1 ientinj SP 93,030 70 3.0 4.5 50,193 7.5 1.0 15> jolderi 44,916 38 -0.5 -1.7 IOL 37,947 157 5.0 3.3 Land 34,570 230 50 22 lidas 25,231 80 1.5 1.9 Ice-anus ;994 31 1.0 3.3 21,415 375 -2.0 -0.!
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    • 97 11 ]apitaLand 3.750 -0.020 1.390 +0.010 :if 'Dev 8.930 +0.130 :omfortDelGro 1.280 :osco Corp 1.290 IBS Grp 11.660 +0.100 :&N 3.900 +0.020 ientin: SP 0.700 +0.030 iolden Aj ;ri 0.380 -0.005 IK Land 3.630 +0.020 IMH 25.260 +0.460 ISH 14.020 +0.220 lardine C8cC 18.520 +0.300 keppel Corp 6.960 +0.210
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    • 52 11 CLOSE UP IBXT Nifb 10US$ 9134 288.0 21. ;ld ious: 9296 168.8 i.: IMH 2526 66.9 1.' :it> .0906 910 53.0 6.: )aii 585 37.8 4." China H 10US$ 1423 34.9 1." ISH 1402 32.0 l.i Con .0906 700 32.0 4.1 Jardine C&C 1852 30.0 l.i IBS.ES.0907 1176
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    • 53 11 CLOSEDOWN iBXTS&P Short! 0US$ 6852 -101.8 -1.1 JOB 5.05%NCPS 100 9700 -90.0 -0.' >me: iNav 1580 -80.0 -4.1 JOB.ES.0907 1440 -40.0 -2/ )CBCCa| ,1%NCPS100 9380 -20.0 -o: iTXPO 100 1322 -20.0 -1.! JOB 1440 -20.0 -1.. JOB.ES.0906 1456 -14.0 -1.1 JOB MBLeCW*****5 75.5 -12.0 -13/ JOB MBL eCW*****4
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    • 313 11 FANCY walking down Orchard Road in a fully air-conditioned atmosphere? Soon you will be able to online. Twinity, a 3D online world that meshes the real with the virtual, will launch virtual Orchard Road and Marina Bay in the third quarter of 2009.
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    • 251 12  -  Joyce Hooi Firm makes provision of $28.2 m for its 18 Shelford, 8 Raja developments By joyceh@sph.com.sg Singapore BOOK retailer Popular Holdings saw its net loss balloon to $32.8 million in its fourth quarter ended April 30, from $5.1 million a year earlier.
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    • 216 12 FREIGHT Links Express Holdings has reported a 49.9 per cent drop in net profit to $8.8 million for the year ended April 30, down from $17.5 million a year ago. Even though revenue dipped only 1.7 per cent to $137 million, the bottom line
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  • Page 10 Advertisements
    • 76 10 THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 2 years Total Amount Allotted SGD 2,200,000,000 Amount Allotted to Non-Competitive Applications SGD 113,402,000 Of which allotted to MAS Nil Total Amount Applied SGD 4,699,872,000 Coupon Rate 3.625% p.a. Cut-off Yield Price 0.58% p.a. and on Allotment 106.046% Average Yield Price 0.55% p.a.
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  • Page 12 Advertisements
    • 1271 12 V#^L k AT^V^T«T^T-' r< Toll free: 1800-289-8822 wt IVI 111 Iff I-i V Email: notices@sph.com.sg _L *9 _I_ J.VJ *ij www.cats.com.sg CHINA MILK PRODUCTS GROUP LIMITED I ttf Incorporated in the Cayman Islands CHINA MILK (Company Registration Number: CT-*****6) jf PRODUCTS NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN
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  • SINGAPORE
    • 218 13 SINGAPORE has been named by the World Bank as one of four cities with best practices in the area of sustainable development. The bank yesterday launched a new urban development programme that aims to help cities in developing countries move towards greater tyCalled Eco2
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    • 316 13  -  Brandon Chew Some music stores report brisk sales of his CDs and DVDs By brandonc@sph.com.sg MICHAEL lackson's death has revived demand for his music here. Music retailers Gramophone, HMV, That CD Shop, and Sembawang Music have all reported spikes in sales of
      316 words
    • 357 13  -  Michelle Yeo By michyeo@sph.com.sg ICON, a worldwide provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries, has moved its Singapore central laboratory to a new home at Loyang Way 10 times larger than the old one at the Synergy
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    • 415 14  -  Teh Shi Ning Data confounds consensus expectations of a decline and marks a second month of year-on-year growth By tshining@sph.cotn.sg MAY factory output grew 2 per cent, confounding consensus expectations of a decline and marking a second month of year-on-year growth. April's revised
      FILE PHOTO  -  415 words
    • 348 14  -  Ronnie Lim By ronnie@sph.com.sg HOUSEHOLDS and businesses here will have to pay about 7 per cent more for electricity in the coming luly-September quarter, as higher fuel oil prices spark tariff increases. The household tariff will rise 6.93 per cent or 1.25 cents
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    • 326 14  -  Nisha Ramchandani By nishar@sph.cotn.sg AFTER a respite of sorts in April when visitor arrivals dipped 6.1 per cent, arrivals in May echoed the double-digit drops seen in the first quarter of 2009, contracting 13 per cent year-on-year to 730,000. Visitor days in May were also
      AFP  -  326 words
  • Page 13 Advertisements
    • 29 13 --A-^MMUk-—- Lianhe Zaobao \\^L\x mmmm mm y fi Why Li Ka-shing's ™S I right-hand man -i- hisownbosi Head to CATS FASTADS in The New Paper for beauty haircare services!
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  • LETTER FROM ABROAD WITH ASCOTT
    • 894 15  -  James Ching NEW York City needs no introduction, but is extremely diverse. It is probably better understood as smaller neighbourhoods with distinct personalities so let's try to unravel them. Phoebe Buffay's New York Phoebe, who used to busk on the streets of the West Village
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  • Page 15 Advertisements
    • 219 15 NOW DEFINING GLOBAL LIVING fel^fc *m W{ i IN BANGKOK special2s™anniversary J Ascott invites you to celebrate its 25 th anniversary with special rates and promotions j HMV^gpkllllll JJHOH3 at our participating serviced residences in Bangkok. Experience the city's most m. ■Bfeji^ popular destinations for culture, shopping, dining and nightlife
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    • 18 15 THE ASCOTT GROUP A Member of Capita Land This series is brought to you by The Ascott Group
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  • WORLD
    • 582 16 Reuters And Michael Jackson's greatest financial returns may yet come in the wake of his death Los Angeles/New York ALONG with a vast musical legacy and legions of adoring fans, pop superstar Michael lackson leaves behind a mountain of debt and an
      Reuters; REUTERS FILE PHOTO  -  582 words
    • 637 16 NYT New York SHE really tried. And for a sex symbol that alone can be like an accomplishment. A scrim of sadness covers Farrah Fawcett's career. Her stardom traced that cautionary Hollywood arc: meteoric fame followed by years spent trying first to overcome it, then, too late, seeking
      NYT; AP  -  637 words
    • 500 17 Bloomberg Two former aides to Henry Paulson spearhead campaign against 'populist overreaction' Washington WALL Street's largest trade group has started a campaign to counter the "populist" backlash against bankers, enlisting two former aides to ex-Treasury secretary Henry Paulson to spearhead the effort. In memos of confidential
      Bloomberg  -  500 words
    • 414 17 AP Amsterdam The global recession has an upside, at least for people worried about climate change: carbon emissions are growing more slowly than in recent years, Dutch researchers said on Thursday. But they also said that the emissions of developing countries were higher than those
      AP  -  414 words
    • 334 17  -  Anthony Rowley By btworld@sph.com.sg Tokyo CONSUMER prices in lapan dropped a record 1.1 per cent in May from a year earlier, raising fears that the world's secondlargest economy may be entering a long period of deflation, something that dogged it throughout the *****. While
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    • 633 18 Bloomberg LATEST US DATA This is the first increase in three months; incomes surge 1.4%, the most in a year Washington CONSUMER spending rose for the first time in three months in May as incomes jumped by the most in a year, a sign
      Bloomberg  -  633 words
    • 266 18 Bloomberg [BANGALORE] Infosys Technologies Ltd, India's second-biggest provider of software services, said co-chairman Nandan Nilekani resigned after being chosen by Prime Minister Manmohan Singh to head a national identi-ty-card project. Mr Nilekani will step down from Infosys's board of directors on luly 9,
      Bloomberg  -  266 words
    • 441 18 AP Beijing DAYS before a deadline abruptly imposed by China, computer makers are scrambling to comply with an order to supply Web-fil-tering software with PCs amid concerns about what it might do to their reputations. Dell Inc, Hewlett-Packard Inc and Taiwan's Acer Inc
      AP; REUTERS  -  441 words



  • Page 19 Advertisements
    • 2716 19 ®1 1. Proposed offer and grant to Mr Chow Kok Kit of Awards Ordinary Resolution THAT, the offer to Mr Chow Kok Kit, a Controlling Shareholder of the Company of Awards in accordance with the Valuetronics Performance Share Plan on the following terms:A/3IUG trOniCS 'a' Proposed date of grant of
      2,716 words

  • SGX
    • 8713 20 52-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld Net C'vr P/E M Cap Smil I 3 3148 8Telecom 0 2.5 5834 A-Sonic 19 12 5000 ABR Hldgs J 5.5 1938 AEI Corp I 1 1100
      8,713 words
    • 1573 23 High Low Code Company ligh Sale ('000) High Low Buyer Seller C'vr P/E Smil 9 5 1181 s AA Grp S2 12 8538 t APStrategic J 0.5 1501 s Advanced System j 2 3480 t Adventus J7.5 8.5 3518 s Afor 3.6 2 1524 t Alantac 9.5 3.5
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    • 47 23 Up Down Unch 8 0 7 Up Down Unch OOP Up Down Unch 8 0 7 lulti Ind Ta"n~Ul uactunni .ommerce ■inance ,onst :rud :ion Tro\ >erties ToteT SET >ervices las/ ler ;ure iarr Active counters with no volume for today are not included.
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    • 178 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; eri cum right issue cbi cum sonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
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    • 786 23 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 22 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS Before ('000) After ('000) itock TMC Edu TMC Edu Viz Branz Tsit Wing Tsit Wing Asia-Pac Strategic Jade Tech Oceanus grp Chunghong Hldgs
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  • Page 20 Advertisements
    • 28 20 V w AUDEMARSPIGUET? Z^lr^^L 'J -Bl^ flflk c maitre dc rhorlogerie depuis 18/5 /S^ijß^Spi.s ■/A^^^^^. "/<ylP v -j£|>j| Sk""~^^"V^ :jri' 'x For enquiries, Tel: (65) 6238 6678 www.audGmarspiguet.com
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  • MARKETS
    • STOCK MARKETS
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      • 365 24 Jun 25 %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change World Index Preliminai 694.4 0.8 2.5 0.5 4.8 0.3 3.6 EAFE Preliminai 663.0 0.2 2.1 -0.6 5.3 -0.8 4.1 Euroi Preliminai 904.3 -0.6 -0.8 -1.5 4.0 -1.7 2.8 Pacific 583.3
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      • 145 24 Jun 26 lurrencies Bid >$/US$ to one unit of foreign currency: \ustralian dollar 1.1715 Offer 1.1730 Bid 0.8053 Offer 0.8055 :anadian dollar 1.2635 1.2654 0.8686 0.8690 'uro 2.0412 2.0435 1.4032 1.4033 IZ dollar 0.9358 0.9371 0.6433 0.6435 jterlini 2.3962 2.3991 1.6472 1.6475 IS dollar 1.4547 1.4562 i$/US$
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      • 4 24
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      • Article, Illustration
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      • 74 24 Jun 25J 1 (£/tonne) Close Prev Hi! ;h/Low lul 09 1622 1562 1628/1545 Sep 09 1649 1590 1654/1573 )ec09 1654 1597 1658/1581 vlar 10 1650 1595 1652/1580 :OFFEE (US$/tonne) Close Pev High/Low lul 09 1288 1297 1302/1219 Sep 09 1313 1325 1330/1250 nov 09 1335 1348 1346/1275 SUGAR (US
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      • 94 24 Jun 25|| SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low Jul 09 1196.*****5.*****2.*****0.00 Aug 09 1127.*****2.*****4.*****7.50 Sep 09 1052.*****5.*****3.*****9.00 Nov 09 1002.*****8.*****4.25 992.25 SOYBEAN/OIL (60,000 lbs; usc/b) Close Previous High/Low Jul 09 36.54 36.44 37.05 36.29 Aug 09 36.70 36.60 37.14 36.45 Sep 09 36.87 36.76
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      • 78 24 Jun 25| :rude ISS/barrel (FOB origin) Close Change Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) "apis blend /linas 69.33 0.29 70.28 2.21 68.53 0.53 72.90 0.45 70.45 0.45 •RODUCT ISS/barrel (FOB S pore) Close Change ire] \l aphtha let Kerosene 65.45 -0.50 76.40 -0.30 JSS/barrel )pec
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      • 71 24 Jun 2o[ (us; Iazi_ Jun 26 Jun 25 -long Kong 942.80 933.30 943.80 934.30 Jun 25 Jun 24 .ondon 935.35 936.90 936.15 937.70 Source7 Thomson Reuters SILVER Selling Buying 'assbook 1 oz 20.64 20.41 Source: UOB >LATINUM Lon (US$/oz) Jun 25 Close Previous >M Fix 1176.*****3.00 iMFix 1176.*****5.00 Source:
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      • 65 24 Jun 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Low Vol Done Open Position Hit Jul 09 2344 Aug 09 2338 Sep 09 2340 Oct 09 2328 2345 2367 2325 2325 2353 2301 2319 2349 2296 2315 2342 2299 476 1688 1939 *****
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      • 73 24 Jun 25| Uuminium, 99.73' mrity (US$/Lonne; Close Previous lash months 1653.25 1685.00 1628.2! 1660.0( lopper, Grade A 3JS$/tonne) lash J months 5118.00 5130.00 5034.5( 5055.0( .ead (US$/tonne; lash months 1720.00 1739.00 1684.7! 1705.0( Nicl 'us: /tonne) lose Previous Cash 3 months Tin (US$/tonne) *****.00 *****.00 *****.01 *****.01 Cash
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  • PERSPECTIVE
    • 1321 25  -  Anthony Faiola LAT-WP Economists say the end of the dollar's dominance appears increasingly inevitable as the current financial crisis accelerates the creation of a new economic order By Washington THE days of calling the US dollar almighty may be numbered. Since World War 11, when the dollar eclipsed
      LAT-WP  -  1,321 words
    • 872 25  -  William Pesek JR Bloomberg PEOPLE don't tend to make lots of money betting against George Soros. The hedge-fund manager has made billions speculating on markets. And so it came as a relief to many when on June 20, Mr Soros told Polish
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  • Wealth
    • WEALTH INVESTING
      • 1113 26 Reuters Commercial firms find insuring the poor is more than good public relations Jakarta SLUM-DWELLER Krustin bin Juri lost everything when floodwaters swept through his home and shop on the banks of Jakarta's filthy Ciliwung river two years ago. But when the next flood hits,
        Reuters; REUTERS  -  1,113 words
      • 699 26  -  Lynette Khoo Keppel Land Outperform CIMB June 26 close $2.30 PESSIMISM in the office sector is well known. Focus on asset quality instead: Declining rents, peak cap rates and rising vacancy has already been well anticipated by the investment community, in our view. We estimate current share price
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      • 695 27  -  Agnes T Crane Reuters Those taking the long view shouldn't get distracted from the fact that the financial system is still on life support and, therefore, susceptible to a downturn. By NEW YORK REASONS people give to explain the quick switch-back movements in stocks and
        Reuters; BLOOMBERG  -  695 words
    • WEALTH REAL ESTATE
      • 589 29  -  Kalpana Rashiwala Small investors have been active at recent sessions, with savvy bidders also making counter offers By kalpana@sph.com.sg A STRONG showing at auctions this week raised the tally for properties sold under the hammer in the first half-year to $72.4 million just 13 per
        Colliers International Research  -  589 words
      • 713 29  -  Uma Shankari By shankari@sph.com.sg CHINA and Australia are seen as good bets in the AsiaPacific for real estate investments, according to two recent reports. A survey of 73 investors, fund managers and fund of funds managers showed that they rank China, Australia and Japan as
        DTZ Research  -  713 words


  • Page 28 Advertisements
    • 875 28 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 1 One Amber Apt S/6/2009 FH 1572 1271 I 80s" NON-LANDED Peach Gdn I Apt S/6/2009 FH 2766 2450 886 Marina Bay Residences
      875 words


  • Page 30 Miscellaneous
    • 35 30 fi THE GOOD EARTH Perfectionist farmers make Hokkaido one •y^.A tie most bountiful gardens on Earth >■>"''s o;'( .--,z4:'>-z*■'"■":;.. '^M '-'^^Hi 'SSBSI ?-f£) :V Z */-Z K\ .ZZ Z-- .Z^::ZZ.Zf.;. '*<*? :Z>^'.-- .2 PHOTO: JAIME EE
      35 words

  • BT Living
    • DINING
      • Article, Illustration
        2696 31  -  Jaime Ec Perfectionist farmers and chefs turn out amazing flavour from superfresh produce in bountiful Hokkaido. By YOU say 'puh-tay-to', I say 'poh-tay-to' but Taku Umemura says, "Try spending 20 years researching and developing the perfect hybrid before you can really call this a potato, mister." Okay,
        2,696 words
      • 1269 33  -  Edwin Soon From street stalls to shirako, Fukuoka offers a gastronomic tour of Japan. By AMONGST the sister cities of Oakland, Bordeaux and Auckland, Fukuoka in the prefecture of Kyushu, lapan, with a population of 1.3 million, is closest to Singapore. The urban and cosmopolitan Fukuoka city
        EDWIN SOON  -  1,269 words
      • 544 34  -  Jaime Ec By GONE are the days when you have to pay premium prices for Australian wagyu and pretend to yourself that you are actually dining on the finely marbled beef of a well-massaged lapanese cow. After almost eight years, AVA restrictions on
        544 words
    • ENTERTAINING
      • 1357 35  -  Audrey Phoon guest chef You can't smoke your way through barbecuing there's an art to doing it right, says celebrity chef and barbecue-ologist Robert Rainford. By BAKING. Dehydrating. Sauteing. Pureeing. One can readily understand how these cooking techniques contribute towards producing works of culinary art, but barbecuing?
        1,357 words
    • WEEKEND WITH
      • 878 36  -  Geoffrey Eu Christopher Long turned his weekend hobby into a full-time profession, thereby ensuring that work and play are all the same to him. By WEEKEND WITH CHRISTOPHER LONG CO-FOUNDER OF AZIMUTH WATCH IT MIGHT seem just a little unlikely to make the leap from
        JOSEPH NAIR  -  878 words
    • GADGETS
      • 824 37  -  Christopher Lim Laptops, as well as desktops, now come in all shapes, sizes and finishes. By PHONE fever may have dominated the reality distortion field at Apple's I Worldwide Developer Conference three weeks ago in San Francisco, but the company also revamped its old aluminium Macßook
        824 words
    • SHOPPING
      • Article, Illustration
        1547 38  -  Melissa Lwee Jewellery makers look to Singapore as a shift in the Asian market brings attention to the Republic By IM AVING spent years honing his craft and designing for illustrious personalities such as the late Pope lohn Paul „^^L« II and the actress Monica Bellucci in the
        1,547 words
      • 628 38  -  Cheah Ui-Hoon By FROM five boutiques to 19 in just five years, Harry Winston is definitely on an expansion drive. The iconic American jeweller rolls into town next month, with a flagship salon opening at lon Orchard. About time too, considering that
        628 words
    • HOME & GARDEN
      • 1125 39  -  Geoffrey Eu personal space The Lavs took three years to build their dream home, and the result is a two-storey house which is in tune with the tropics open, airy and comfortable, yet modern and practical. By WHEN C C Lav was building a dream house for
        YEN MENG JIIN  -  1,125 words
    • HEALTH
      • Article, Illustration
        2350 40  -  Cheah Ui-Hoon Melissa Lwee Melissa Lwee BT Weekend takes a look at spas that go the extra mile when it comes to treatments and service. Auriga Spa Capella Singapore T The Knolls, Sentosa Island S 6591-5023 THERE'S a belief that the moon has an effect on human behaviour,
        2,350 words
    • SPORT
      • 823 41 NYT Cheyenne Woods makes her LPGA debut and is taking steps towards her dream of following her famous uncle into professional golf. New York CHEYENNE Woods' recollection of her first professional golf tournament is understandably fuzzy. She was 19 months old and strapped into a
        NYT; AP  -  823 words
    • GOLF
      • 1007 42  -  Justine Moss This year's US Open brought a few unfancied names into the process. IN sport, the rise from obscurity can be both a blessing and a curse. After a breakthrough event, athletes can either take the burden of expectation squarely on their shoulders and perform
        AFP, AP  -  1,007 words
    • MOTORING
      • 842 43  -  Samuel Ec Porsche's new Panamera at first glance looks like a Cayenne SUV that has been flattened by a giant hand. While its appearance will take some getting used to, its drive and comfort are nothing short of outstanding. By RARELY can a Porsche be called beautiful
        842 words
      • 604 43  -  Samuel Ec The seat geometry and dynamism of Porsche's first four-door limousine are comparable to the 911. By SO IS the new Panamera more like an upsized 911 or closer to a low-riding Cayenne? In terms of its drivetrain and design, it would seem like Porsche's first
        604 words
      • Article, Illustration
        514 44  -  Samuel Ec Hyundai is counting on its latest model, the i3ocw, to furthur boost its rapidly growing sales figures. By T IS not difficult to see why Hyundai has accelerated up the sales charts this year. With its remarkable combination of price and quality, the Korean carmaker has
        514 words










  • Page 41 Advertisements
    • 674 41 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant Jaan's new Chef de Cuisine. With a career $53.00++ per person; $58.50++ per person, including highlights such as the signature Level 35, Orchard Wing spanning the world's best French restaurants with free flow of soft drinks and lime juice. Imperial Lobster Dumpling
      674 words