The Business Times, 22 August 2009

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Microfilm: NL30119
Total Pages: 47
1 47 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg AUGUST 22-23, 2009 Ssl.oo MICA (P) 124/08/2009 Spl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon Q2 floats boat of CPF investors
    785 1  -  Lynette Khoo GPFIS funds up 20% in quarter but are still under water for year to June By lynkhoo@sph.com.sg Singapore FUNDS invested under the Central Provident Fund Investment Scheme (CPFIS) have recovered along with the rising equity tide in the second quarter. In the
    BLOOMBERG FILE PHOTO  -  785 words
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      48 1 /JfjMfiM Ihs^W^^^^ \VIV- s^Sr s&^Jy www.breguet.com /jaA lfc>^>s. L ■^^o^^s^ffS§lyp, Boutique Breguet, 328 North Bridge Road, #01-18 Raffles Hotel Arcade /^w9| xW^J^-t f" Singapore, tel: +65 6338 6006 jf <*■'. -:^^TlrfL-^^..,< PARIS CANNES GENEVA VIENNA LONDON J^r S^ KSJg; i7fff'l'"ijji*J^^*^ "V NEW YORK LOS ANQELES DUBAI MOSCOW TOKYO SEOUL
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      3 1 8 *****1 *****4
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      158 1 <&^7 r^ the raffles conversation INVEST FAIR '09 PROPERTY NOMURA PRESIDENT Making sense of No change in income ■L 1 f\\ KENICHI WATANABE 89 the rally 3034 tax law 4 NO CHANGE Property sale tax regime stays Government shelves proposal put up for public consultation following feedback. Move aimed at
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        46 2 KL COMP 1,163.79 +0.36 NIKKEI 225 10,238.20 -145.21 HANG SENG 20,199.02 -129.84 SET 644.63 +3.65 JAKARTA 2,333.89 +5.25 MANILA Closed KOSPI 1,580.98 +4.59 SHENZHEN B 499.80 +6.27 MUMBAI IND 15,240.83 +228.51 12 noon EDT Chanpe 12 noon EDT cnange DOW 9,493.11 +143.06 NASDAQ 2,016.16 +26.94
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      • Article
        Lock icon PRIME RATES
        30 2 Bhombeix SINGAPORE 5,38 MALAYSIA 5,55 HONG KONG 5,00 INDONESIA 15,394 TAIWAN 4,776 JAPAN 1,475 KOREA 9,33 BRITAIN 050 US 3,25 CANADA 2,25 SWITZERLAND 0,51 INDIA 11,75 Source: t
        Bhombeix  -  30 words
      • Article
        Lock icon FOREX
        48 2 US$ 'S$ »er US$; 1.442 ;us$/s$ lertf 1.648 2.376 EURO. ;us$/ 1% 1.429 2.060 Foreign currency per US$ S$ YEN 93.80 65.10 RM 3.523 2.443 HK$ 7.751 5.377 BAHT 34.04 23.61 RUPIAH 10,010 6,943 RENMINBI 6.831 4.739 INDIAN RUPEE 48.69 33.77 A$ 1.205 0.836 NZ$ 1.480 1.027
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    • Article, Illustration
      Lock icon RALLY REACTION
      224 2  -  Teng Theng Dar Jointly brought to you by The Business Times and While Prime Minister Lee Hsien Loong's speech put in context where we are in terms of socio-economic progress, health care and race and religion, what stood out for me was his focus on the impact of
      224 words
    • Article
      Lock icon No change to property sales tax framework
      679 4  -  Uma Shankari MOF drops proposed change aimed at giving certainty after public consultation exercise By shankari@sph.com.sg Singapore THE government has decided not to change the current income tax framework with regard to individuals who sell their properties, a move that was welcomed by
      679 words
    • Article, Illustration
      Lock icon Sales of existing homes up in US
      438 4 Bloomberg LATEST US DATA Washington SALES of existing US homes jumped more than forecast in July to the highest level in almost two years, signalling that the housing crisis that crippled the world's largest economy is easing. Purchases climbed 7.2 per cent to
      Bloomberg; REUTERS  -  438 words
    • Article
      Lock icon FibreChem winding-up hearing adjourned to Sept 25
      380 4  -  Lynette Khoo By lynkhoo@sph.com.sg Singapore BELEAGUERED FibreChem Technologies has been given another five weeks to come up with a solution to repay Oversea-Chi-nese Banking Corporation (Hong Kong Branch). The High Court yesterday allowed the hearing for the winding-up petition to be adjourned to
      380 words
    • Article, Illustration
      Lock icon Beijing may act to tighten bank capital
      935 5 Bloomberg Move could curb cheap money that has fuelled a huge rally in China stocks Shanghai CHINA plans to tighten capital requirements for banks, threatening to curb the record lending that has fuelled a 60 per cent rally in the nation's stock market,
      Bloomberg; AP  -  935 words
    • Article
      Lock icon China's growth seen accelerating to 8.5% this quarter
      314 5 Bloomberg Beijing CHINA'S economic growth may accelerate to 8.5 per cent this quarter on stimulus spending and a "moderately loose" monetary policy, a government research agency forecast. The nation's recovery will continue to gain traction, the State Information Centre, an affiliate of
      Bloomberg  -  314 words
    • Article
      Lock icon US economy on verge of recovery: Fed chief
      659 6 AP Prospects for a return to growth around the globe in near term appear good, he says Jackson, Wyoming FEDERAL Reserve chairman Ben Bernanke said yesterday that the US economy is on the verge of a long-awaited recovery after enduring a brutal
      AP  -  659 words
    • Article, Illustration
      Lock icon Stiglitz sees risk to dollar, calls for new reserve system
      613 6 Bloomberg Bangkok THE US dollar's role as a good store of value is "questionable" and the currency has a high degree of risk, said Nobel Prize-win-ning economist Joseph Stiglitz. "There is a need for a global reserve system," Prof Stiglitz,
      Bloomberg; BLOOMBERG  -  613 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      65 2 NEWS LIVING Top Stories 2-6 DininS Week In Review 7 Entertaining L6 Raffles Conversation 8,9 Companies 10-13 -«Ja /»ML From The Desk Of T4 {^Jv^zilSP] Singapore 15-17 I 1 "^Spw* J Letter From Abroad 18 World T9-22 SnoPPing LB-9 Stocks Stats 23-27 Home Garden LTO-TT Perspective 28-29 Travel LU-K Wealth
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  • Page 3 Advertisements
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      180 3 mi r n The art of loft living When boundaries are pushed... When you are free to express yourself... When living zones are redefined... B^ A prime investment opportunity 1 or visit our showflats at 83 Cairnhill Road B I^^ www.fareast.com.sg j^^ BL FREEHOLD 84 Loft Apartments District 11 1
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • Article
        Lock icon Stimulus package review by year-end
        62 7 THE economic crisis though "worse than we had expected" has been "less bad than we had feared", Prime Minister Lee Hsien Loong said at the annual National Day Rally. In the first six months, Singapore lost 6.5 per cent of its GDP over $8 billion
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      • Article
        Lock icon MAS sues fund manager for alleged false trading in 2004
        52 7 THE Monetary Authority of Singapore is suing fund manager Tan Chong Koay for alleged false trading in Singapore-listed United Envirotech shares in late 2004. Dr Tan is chief executive of Pheim Asset Management, a US$l.26 billion boutique fund he founded
        52 words
      • Article, Illustration
        Lock icon Dangerous fault lines still lurk in S'pore, says PM
        76 7 HARMONY is critical to maintaining social cohesion, said Prime Minister Lee Hsien Loong. "We have discussed potential fault lines in our society between the rich and poor, between Singaporeans and new arrivals. But the most visceral and dangerous fault line is
        THE STRAITS TIMES  -  76 words
      • Article
        Lock icon US officials in a pickle over pay of Citi traders
        67 7 SENIOR Obama administration officials were wrestling on Friday with how to handle an explosive executive pay issue involving compensation packages for two traders, totalling more than US$l3O million. Citi advised the Treasury that energy trader Andrew Hall, due US$9B million,
        67 words
      • Article
        Lock icon Prices inch up as home sales hit new highs
        51 7 EVEN as news of the 52 per cent month-on-month jump in developer home sales to 2,767 units in July begins to sink in, analysts are revising their predictions for the full year. The 1,825 units sold in June already constituted a
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      • Article
        Lock icon Review may entail tweaking Jobs Credit
        47 7 THE Jobs Credit scheme rolled out to tide businesses over economic hardship could be tweaked, but it is unlikely that this key component of the Resilience Package in this year's Budget will be withdrawn entirely at the end of this year.
        47 words
      • Article
        Lock icon No timetable to name new Temasek CEO
        63 7 THERE is no deadline for Temasek Holdings to appoint a new chief executive officer. And there was no "push factor" in place for its chief Ho Ching to step down or in the way the organisation was run, Finance Minister Tharman Shanmugaratnam told
        63 words
      • Article
        Lock icon Auditors' failings called to account
        53 7 AUDITORS of public interest companies lack "professional scepticism" while experienced audit partners often take a hands-off approach, according to the latest review by the Accounting Corporate Regulatory Authority of Singapore. Meanwhile, the smaller ac- counting outfits struggle to maintain audit quality because of their high
        53 words
      • Article
        Lock icon Singapore consumers more upbeat in Q2
        41 7 CONSUMER confidence in Singapore is climbing out of a deep slump. The Asian Consumer Confidence Index by InsightAsia shows Singapore's index increasing from 62 in the first quarter of this year to 88 in Q2.
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      • Article
        Lock icon Singapore blue chips show their true colour
        65 7 FOR the heavyweights of the Straits Times Index, it may finally be safe to emerge from the bunker, now that the dust from the downturn seems to have settled. A quarter-on-quarter earnings comparison of 19 bluechip companies by BT shows that these heavyweights
        65 words
      • Article
        Lock icon GIC gives UBS share sale a miss
        69 7 THE Swiss government has sold its entire 9.3 per cent stake in ÜBS for a tidy profit, less than a year after it poured six billion Swiss francs (558.15 billion) into the country's biggest bank. The Government of Singapore Investment Corporation did not
        69 words
      • Article
        Lock icon Ho Ching takes sth spot on Forbes women list
        45 7 TEMASEK Holdings chief executive Ho Ching has been ranked the world's fifth most powerful woman by Forbes. Rising three places from last year, Ms Ho is also the only woman from Asia in the top 10.
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  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      197 7 CRYPTIC CROSSWORD Saturday with Ludwig across m v~j tj n n n j^h i i Recast, so got part in title 12 Declare former —HH —HH ?n wHf I ''^"mj \Jc ci l^"" J&til/h I 17 Walk beside the seaside —^J—^J—^J—^M—^J—^J—^J yesterday's solution |IK^h I l\ll—«» MB HH HH HH
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      91 7 NEXT WEEK Aug 24-28, 2009 US DATA Aug 25 Durable Orders July Consumer Confidence Aug S&P/CaseShiller Home Price Index June Aug 26 Durable Orders July New Home Sales July Crude Inventories Aug 21 Aug 27 Initial Job Claims Aug 22 Q2 Preliminary GDP Q2 GDP Deflator Q2 Core PCE Aug
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Nomura rising
      1929 8  -  Vikram Khanna The Lehman acquisition has paid off for Japan's biggest brokerage and investment bank, and a new Nomura is well placed to finally become a global player. T the annual meeting of Nomura Holdings in Tokyo on June 25, the company's president and I CEO, Kenichi Watanabe
      YEN MENG JIIN  -  1,929 words
    • Article
      Lock icon Raffles
      76 8 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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  • COMPANIES
    • Article, Illustration
      Lock icon Yangzijiang still on course despite storm
      842 9  -  Rachel Sim CORPORATE FOCUS It posts 80% jump in Q2 profit and its revenue streams are secure until 2011 HEADWINDS in the shipbuilding industry have proved to be favourable conditions for the take-off of Yangzijiang. At a time when shipbuilding seems to have slipped
      842 words
    • Article
      Lock icon Jade gets nod for Xinlong deal
      461 9  -  Chew Xiang By xchew@sph.com.sg JADE Technologies shareholders approved the part-acquisition of a Chinese chemicals company at an extraordinary general meeting yesterday morning from which the media were barred. Jade now with no operating business after a billion-dollar coal mine turned out to be a
      461 words
    • Article
      Lock icon First Resources raises US$100m from bonds
      280 9  -  Teh Shi Ning By tshining@sph.com.sg OIL palm plantation group First Resources has raised gross proceeds of US$lOO million through a five-year convertible bond issue. The group said that the fund-raising exercise, its first convertible bond issue, is to fund its expansion. About 85 per
      280 words
    • Article
      Lock icon Otto Marine to raise $119m in rights issue
      304 10  -  Conrad Tan Cash call to pay down debt and fund fleet expansion By conradt@sph.com.sg OTTO Marine plans to raise $118.7 million through a rights issue to repay $39.5 million that it owes to an investment vehicle of its executive chairman and to
      304 words
    • Article
      Lock icon SPC bags 20% share in Viet offshore deals
      232 10 SINGAPORE Petroleum Company has been awarded 20 per cent participating interest in two production sharing contracts (PSCs) to explore two new Vietnam offshore acreages. "We are delighted to strengthen our exploration and production (E&P) portfolio in Vietnam," said CEO Koh Ban Heng.
      232 words
    • Article
      Lock icon China-based Passion launches IPO
      473 10  -  Teh Shi Ning By tshining@sph.com.sg PASSION Holdings, a Chinese manufacturer of handicrafts and furnishings, has launched its initial public offering (IPO) for a Singapore Exchange mainboard listing. The offer of 126.5 million shares at 25 cents each comprises 90 million new shares and 36.5 million vendor
      473 words
    • Article, Illustration
      Lock icon A case of 'running but standing stilP
      582 11  -  R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent THE phrase "running but standing still" is not often used to describe the stock market. But odd though it may be, it's probably apt for events here over the past couple of weeks. Average daily volume was
      582 words
    • Article
      Lock icon BMW veteran on SIA board
      175 11 SINGAPORE Airlines has appointed a former BMW senior board member to its board of directors. The appointment of Helmut Panke, 63, as an independent, non-executive director takes effect on Sept 1. Dr Panke, a trained nuclear engineer with a PhD in Physics from the University
      175 words
    • Article
      Lock icon TOP 20 ACTIVES
      117 11 VOL CLOSE ■MG GlobaIR 223, »71 3.5 0.0 0.0 iolden 151,450 48 -0.5 -1.< vP Tech ***** 3.0 50.0 liutianC 79,064 22 2.0 10.0 52,580 2 0.5 33.: 51,197 27 1.5 5.9 ientini SP ***** 91.5 0.5 0.5 Saker Tech 45,788 32 3.0 10.3 :zion 43,053 77.5
      117 words
    • Article
      Lock icon TOP GAINERS
      55 11 CLOSE UP EasternEuroi 496 162.8 29.! IBXT Nil 1OUS$ 9318 141.2 i.i iBXT FTVietnam 10US: 5194 59.1 0.! iCBCG >.1%NCPS100 9848 48.0 0.! Emen are Ikts 1 855 31.7 2.( iBXT FTChina25 10US$ 2873 27.4 0." IBS.ES.0908 1278 22.0 1.! !CBCBk5.1%NCPS 100 9980 20.0 o.: >tar Hub 228
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    • Article
      Lock icon TOP LOSERS
      54 11 CLOSEDOWN iTXPO 100 1308 -64.0 -4/ iLD 10US$ 9250 -51.9 -0.. China H 10US$ 1478 -27.4 -i.: iBXTS&P Short 10US$ 6150 -25.9 -o.: lardine C&C 2332 -24.0 -1.1 ireat Eastern 1350 -18.0 -i.: ;ia 1274 -16.0 -i.: ;ia 200 1272 -16.0 -i.: ISH 1580 -11.5 -0.! .yxor Asia
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    • Article
      Lock icon STI STOCKS
      103 11 apitaLand 3.640 -0.020 litaMall 1.530 :if 'Dev 9.940 -0.010 1.520 -0.020 :osco Corp 1.200 IBS Grp 12.660 -0.020 :&N 3.900 -0.050 ientin: SP 0.915 +0.005 iolden A; ;ri 0.480 -0.005 IK Land 3.760 -0.020 IMH 28.400 +0.100 ISH 15.800 -0.080 lardine C&C 23.320 -0.240 Corp 7.480 -0.110 IOL
      103 words
    • Article
      Lock icon 887m yuan orders for China Hongxing
      338 11  -  Nisha Ramchandani By nishar@sph.com.sg CHINA Hongxing Sports, the first sporting goods company from China to be listed in Singapore, has chalked up 887.5 million yuan worth of orders at the recent 2010 Spring/Summer Collection trade fair in Xiamen, an increase of 11 per cent
      338 words
    • Article
      Lock icon PCCW denies reports of inability to pay dividends
      237 12 Bloomberg Hong Kong PCCW Ltd, Hong Kong's biggest phone carrier, said that it may resume paying dividends, denying reports that the company may be forced to withhold payouts to shareholders because of its indebtedness. Singapore-listed Pacific Century Regional Developments holds a 22.9
      Bloomberg  -  237 words
    • Article, Illustration
      Lock icon No plan to sweeten MTN deal: Bharti
      299 12 Reuters Deal framework will be in line with terms announced in May, says CEO Mumbai BHARTI Airtel is not looking to sweeten its offer to buy a stake in South Africa's MTN, the Indian firm's head said in a media interview, even as
      Reuters; BLOOMBERG  -  299 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      25 10 THE MOST LUXURIOUS CONDOMINIUM AT MOUNT SINAI To Register, Please Contact Larry Yam Ramesh Eugene Lim 9271 1108 9395 1461 9477 8051 larry.yam@sg.knightfrank.com ramesh@sg.knightfrank.com eugene.lim@kf.com.sg
      25 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      80 11 Leedon Pk ***** sq ft Beautiful Land for Rebuild g^ Can Sub-divide to two plots BQ Beautiful Garden Wide Frontage, Flat Land I Greenery View kg Easy Access to Holland Village kf Good Feng Shui P*^KJWJkI IIfCH [fefcjjP Newsman Sole Marketing Agent »*gB&gg**< I• 8E Gallop Rd. *****/7800 sq ft
      80 words
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  • THE CEO COLUMN
    • Article, Illustration
      Lock icon Fortune favours the brave
      1127 13  -  Gary Addison One area where SMEs face a critical challenge is in finding senior talent to take the company further. This is where private equity firms can help FROM THE DESK OF Partner, South-east Asia, Actis NATIONAL pride always takes centrestage at this time of the
      1,127 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Ex-Parkway boss in $48m Hilltops deal
      556 14  -  Kalpana Rashiwala Group led by Tony Tan pays about $2,560 per square foot in sub-sale market for 18 apartments in Cairnhill project By kalpana@sph.com.sg A GROUP led by former Parkway Holdings boss Tony Tan is understood to have picked up 18 apartments in the
      ARTHUR LEE  -  556 words
    • Briefing
      • Article
        Lock icon ATMD Bird & Bird names new partner
        41 15 ATMD Bird Bird names new partner LAW firm ATMD Bird Bird yesterday announced the appointment of a new dispute resolution partner, Boey Swee Siang. He is the second partner to join the firm's dispute resolution group in the last 18 months.
        41 words
      • Article
        Lock icon Labour Force Survey gets under way
        41 15 THE Ministry of Manpower's research and statistics department is conducting the Labour Force Survey from now until Oct 7 on a sample of 8,500 households to collect data on the economic characteristics of the population.
        41 words
      • Article
        Lock icon ECO World 2010 launched
        35 15 ECO World 2010 a global platform created in Singapore to facilitate the exchange of knowledge in the green industry, the Outstanding Sustainability Awards and Sustainable Development Business Group was launched yesterday.
        35 words
    • Article, Illustration
      Lock icon Asian shipper body toughens up to take on carrier groups
      572 15  -  Vincent Wee It beefs up secretariat, expands exco and expedites decision making By vincewee@sph.com.sg "Without the kind of maritime regulatory reform like that in Europe and the US, Asian shippers will have to continually shell out billions each year in
      AFP FILE PHOTO  -  572 words
    • Article, Illustration
      Lock icon Wholesale trade recovers in Q2
      321 16  -  Uma Shankari Domestic wholesale trade rose a seasonally adjusted 7.3 per cent in Q2 from Ql By shankari@sph.com.sg SINGAPORE'S domestic and foreign wholesale trade recovered in the second quarter, official data released yesterday shows. Figures from the Statistics Department show that domestic wholesale trade rose
      FILE PHOTO  -  321 words
    • Article
      Lock icon 16 research teams to get NRF grants
      321 16 THE National Research Foundation (NRF), on the recommendations from an expert evaluation panel, awarded Proof-Of-Concept (POC) grants to 16 research teams from local institutes of higher learning. The expert panel, consisting of key players such as Fong Saik Hay, chief technology officer of
      321 words
    • Article
      Lock icon S'pore, NZ revise DTA
      167 16 SINGAPORE and New Zealand yesterday signed an agreement for the avoidance of double taxation that incorporates the new internationally agreed standard for the exchange of information. The revised double taxation agreement (DTA) between Singapore and New Zealand will minimise the double taxation of income that may
      167 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      107 14 Blomberq seit 1883 A century-old achievement from Germany remains unchanged. Excellence. Blomberg free standing and built-in appliances have got everyone talking and impressed. And if awards are anything to go by, we speak volume. From the "A" energy performance label for energy efficiency, the internationally recognized Reddot Design Award for
      107 words
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  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      93 16 M m 1, Kenneth Alexander Murray, divorced, of No. 10 Walshe Road,#o4-08 Garden Ville, Singapore *****4, intend to marry Shi Shu Hua, divorced, of Room 1106, Unit 2, Building #16 Han Guo Cheng Sub-district, Zhenxing District, Dandong, Liaoning, China at the Registry of Marriage in Shenyang, China at Herr Ping
      93 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      427 16 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) PURSUANT TO SECTION 290(1 )(b) At an Extraordinary General Meeting of ENG HUAT PRIVATE LIMITED (Company Registration No. *****0287M) duly convened on 17 August 2009 at 10.00 a.m. at 13 New Bridge Road, Singapore *****4, the following resolutions set out below
      427 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Article, Illustration
      Lock icon The luxury of slotting down
      617 17  -  Lim Lee Chin LETTER FROM ALGERIA Senior Electrical Engineer Hyflux Ltd Lim Lee Chin is part of a team of 22 Hyflux engineers mentioned in the Prime Minister's National Day Rally Speech on Aug 17. Hyflux is building the world's largest desalination plant in a
      617 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      183 17 NOW DEFINING GLOBAL LIVING HL^ IN INDONESIA special 25™ anniversary MSa*^ *4M*£& Join us in our 25* anniversary celebration with special rates and promotions p" f\ gp39S£j2 _=^^^^J at Somerset Grand Citra and Somerset Berlian in Jakarta. Ideally situated /f\ r\C.\Z RCCT J&^^^^^. in the city's business and shopping district,
      183 words
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      Lock icon Page 17 Advertisements Column 2
      17 17 THE ASCOTT GROUP A Member of CapitaLand This series is brought to you by The Ascott Group
      17 words
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  • Page 18 Miscellaneous
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  • BT Living
    • CEOS' HAWKER GUIDE
      • Article, Illustration
        Lock icon Mad about mee
        1544 19  -  I Geoffrey Eu Over a two week period, we conducted an intensive survey of the usual suspects in a wonton mee hitlist, as well as some up-and-comers the usual suspects won. By By WONTON mee, wantan mee and even wanton noodles. No matter how you spell it,
        PHOTOS BY JOHN HENG EXCEPT PHOTOS OF MDM LEONG AND CHIA BOON PIN BY ARTHUR LEE  -  1,544 words
      • Article, Illustration
        Lock icon Super sleuth foodie
        711 19  -  Chia Boon Pin Audrey Phoon President, Far East Food Concepts By HE has neither sleuth equipment nor sidekick, but if you presented Chia Boon Pin with The Case of the Vanishing Hawker, chances are he would be able to crack it. In fact, the president of Far
        711 words
    • DINING
      • Article, Illustration
        Lock icon Feast for the senses
        1100 20  -  Audrey Phoon A transplant of Joel Robuchon's L'Atelier, and a gastronomy-theatre event come next month, two festivals will bring t^se^g^v^^^^a^^^ concepts to Singapore.! L'Atelier de Robuchonpa Living In Style Sept 22 to 27 Keppel Island www.livinginstyle-international.com S 6733-2118 AS speedometers get pushed to their limits at
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    • ENTERTAINING
      • Article, Illustration
        Lock icon Asian infusion
        811 21  -  Cheah Ui-Hoon guest chef Inspired by Chinese, Japanese and Thai cuisines, Jacky Yu melds Asian flavours with signature flair. By WHILE East-West fusion still makes its presence felt in modern cuisine unlike the old days when fusion was a much maligned dining concept, Hongkonger Jacky Yu has gone
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    • SHOPPING
      • Article, Illustration
        Lock icon Child's play
        520 22  -  Mehssa Lwee Paragon has revamped its sth floor into an area dedicated to children, complete with a playground. By PROUD mamas and papas looking to deck out their little tots in designer wear need look no further than Paragon Shopping Centre. This is because as of July, the
        520 words
      • Article, Illustration
        Lock icon pick of the orchard
        445 22 What's new and hot at Orchard Road Behold, bebe EAST meets West for American fashion label bebe in their Fall collection this year. Expect rich fabrics such as jacquard and brocade, and make a statement with embellishments such as tassels and ornate buttons. This season, take
        445 words
      • Article, Illustration
        Lock icon Team couture
        979 23  -  Melissa Lwee High fashion designers have become heavy hitters in the sportswear game. By ONCE an unlikely couple, high fashion is getting hitched to sportswear. Designers are increasingly being seduced to jump into the sportswear game, spurred on by a growing health consciousness and a thriving sportswear industry.
        979 words
      • Article, Illustration
        Lock icon A GRANDE DAME
        976 24  -  Melissa Lwee Diane von Furstenberg is the epitome of a woman in control. By lANE von Furstenberg is lounging calmly on a sofa, I unfazed by the commotion around her as anxious event organisers and shop staff fret over finishing touches to the opening ceremony of her
        ARTHUR LEE  -  976 words
    • DESIGN
      • Article, Illustration
        Lock icon LEADING LIGHT
        933 25  -  Geoffrey Eu With a deceptively simple concept, Paul Henningsen's Artichoke pendant lamp brought glare-free light and the notion of atmospheric lighting to the world. HE Danish architect, writer and designer Poul Henningsen is acknowledged as a leading light (quite literally) of the modern design movement from Scandinavia, known
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      • Article, Illustration
        Lock icon Value proposition
        787 25  -  Lim Sio Hui What makes a product successful today? Good value, says Sebastian Conran. By TODAY, the mere mention of "designer goods" or an endorsement by a boldfaced name like Philippe Starck can arouse mass titillation among us, yet the same crowd would be hard-pressed to offer a
        787 words
    • TRAVEL
      • Article, Illustration
        Lock icon SPIRIT OF ALOHA
        1487 26  -  Joy Lee Edwin Soon Hawaii continues to woo visitors from the world over with its sunny weather, crisp air and cooling breezes. GUIDED only by the wind and stars, Polynesian seafarers in the third century set out from the Marquesas in their hardy outrigger canoes to find
        JOY LEE  -  1,487 words
    • HEALTH
      • Article, Illustration
        Lock icon Relax in style
        1806 27 BT Weekend looks at the vision of the spa retreat as a cultural concept Spa Scene #03-27A, Raffles City Shopping Centre S 6338-4424 IT all began with Korean soap operas where good-looking actors and gorgeous scenery launched the craze for all things Korean in 2002. Since then,
        1,806 words
    • SPORT
      • Article, Illustration
        Lock icon Overcoming the odds
        666 28  -  Lee U-Wen no holds barred] leeuwen@sph.com.sg Correspondent REMEMBER the shock when the unfancied United States humbled mighty England 1-0 at the 1950 World Cup? Or how about that fateful night in Tokyo back in 1990 when underdog Buster Douglas miraculously knocked out the legendary Mike Tyson at
        666 words
      • Article, Illustration
        Lock icon Four to the fore
        980 28  -  John Dykes kick off with John dykes WHILE the Barclays Premier League (BPL) will undoubtedly struggle to fill the void left by Cristiano Ronaldo, this season's opening exchanges have already unearthed a quartet of newcomers who look set to widen the league's appeal. To a man,
        AP  -  980 words
    • GOLF
      • Article, Illustration
        Lock icon Korea's turn to shine
        1044 29  -  Justine Moss Yang Yong-Eun is the first Asia-bom male player to win a major tournament. By IT'S taken a long time, but history beckoned last weekend at the PGA Championship and Yang Yong-Eun answered the call. The 37-year-old farmer's son who only took up the game
        REUTERS  -  1,044 words
    • MOTORING
      • Article, Illustration
        Lock icon Bright spark
        561 30  -  Samuel Ee "Driving the Mitsubishi i-MiEV fast is not only fun, it is quiet too only the subdued whirring of the motor can be heard. WHEN something is labelled environmentally friendly, it usually means you can forget any chance about it arousing something remotely resembling excitement in you.
        561 words
      • Article, Illustration
        Lock icon Highland escape
        566 31  -  CY Chew Take a drive up to Cameron Highlands I WITH the school holidays over, now is the perfect time for the drive up north to Malaysia. And not just Kuala Lumpur where most Singaporeans tend to flock to, but further north to Cameron Highlands. Besides enjoying the
        566 words
      • Article, Illustration
        Lock icon Unto the breach
        825 32  -  Steve Slater fl watch Can unsung hero Luca Badoer settle behind the wheel and do the job for Ferrari? IT HARDLY seems as if they have been away, yet for the past two weeks or more, Formula One has been in a state of enforced shut-down, taking
        AFP  -  825 words
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      1191 20 WIIIG<SdIIIG with BTWeekend Pine Court Chinese Restaurant brunch buffet on Sundays, with choice of free Discover the charm of 10 as Pan Pacific dines free with every 3 paying adults for Level 35, Orchard Wing flow champagne options Moet et Chandon Orchard's 10 at Claymore turns one. Get in °CBC
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  • WORLD
    • Article
      Lock icon WHO forecasts 'explosion' of H1N1 cases
      547 33 -AP It urges govts to boost preparations for a swift response, while warning of more deaths Beijing THE global spread of swine flu will endanger more lives as it speeds up in coming months and governments must boost preparations for a swift response to
      -AP  -  547 words
    • Article, Illustration
      Lock icon Birmingham City shares soar as HK businessman bids for club
      370 33 AP London SHARES in Premier League club Birmingham soared 40 per cent yesterday after Hong Kong businessman Carson Yeung made a £81.5 million (*****.3 million) cash offer for the team. Mr Yeung's Grandtop International Holdings, which already holds a 29.9
      AP  -  370 words
    • Briefing
      • Article
        Lock icon IMF may raise forecast for global economic rebound
        141 33 Bloomberg THE International Monetary Fund (IMF) may raise its forecast for the global economic rebound as signs of growth return, said John Lipsky, the fund's first deputy managing director. "It's possible," he said on Thursday in a Bloomberg Television interview at the
        Bloomberg  -  141 words
      • Article
        Lock icon Indian listed firms need to have 25% public float
        164 33 Reuters ai INDIA'S finance minister has approved a plan that requires listed companies to have at least 25 per cent public float, including state firms, the Economic Times reported yesterday. The rule is likely to come into force from the next
        Reuters  -  164 words
      • Article
        Lock icon Barrichello leads in F1 practice session
        120 33 AP ia RUBENS Barrichello was fastest in the European Grand Prix's first practice session as Formula One returned from a three-week summer break. The Brawn GP driver timed 1 minute, 42.460 seconds around the Valencia street circuit course to lead McLaren pair Heikki Kovalainen
        AP  -  120 words
    • Article
      Lock icon Ex-UBS banker gets 40 months' jail
      487 34 NYT, tsioomoerg Justice Department indicts two Swiss nationals, accusing them of selling tax evasion services to wealthy clients Fort Lauderdale, Florida FORMER ÜBS banker Bradley Birkenfeld was sentenced to 40 months in prison for conspiring to help wealthy Americans evade taxes. Birkenfeld, 44, played
      NYT, tsioomoerg  -  487 words
    • Article, Illustration
      Lock icon Tokyo launches advertising campaign to sell govt bonds
      629 34 Bloomberg Tokyo JAPAN is expanding efforts to attract buyers to the nation's growing debt load, flooding the backs ol taxis for the first time with pamphlets in the hopes ol getting retirees to invest more money in bonds. "Government bonds are worth
      Bloomberg; BLOOMBERG  -  629 words
    • Article, Illustration
      Lock icon New AIG CEO to get US$10.5m pay package
      616 35 Reuters It is in sharp contrast to his predecessor's US$l pay, but so far there has been no outcry from politicians or regulators New York AMERICAN International Group Inc (AIG), the bailed out insurer whose pay practices sparked outrage earlier this year,
      Reuters; BLOOMBERG  -  616 words
    • Article
      Lock icon Japan demographic crisis rises up agenda as election nears
      619 35 AFP Tokyo HUGGING babies is not enough Japanese politicians fighting for support at elections are vying to suggest solutions to a demographic crisis the island nation has been slow to address. Demographic decline is rising up the nation's agenda ahead of
      AFP  -  619 words
    • Article, Illustration
      Lock icon Business contraction in Eurozone ends
      401 36 AFP PMI rises to 15-month high of 50 points in August, pointing to economy stabilising Brussels THE eurozone economy stabilised this month, ending a lengthy run of business contraction, a survey showed yesterday, boosting hopes that Europe is emerging from the global economic crisis. The
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    • Article
      Lock icon Bosses screen social sites before hiring
      302 36 AFP Washington NEARLY half of US employers research the online profiles of job candidates on social networks such as Facebook, MySpace or linkedln, according to a new survey. Forty-five per cent of the employers surveyed for Careerßuilder.com, the largest US online job site, said
      AFP  -  302 words
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      49 36 I WL Jj^. BUSINESS TIMES glT^I ,^F MUM mt^smm^m^^ I fBERITA HARIAN I lj^,, k 'I The Business Times 1 Wr~ Visit us at Invest Fair V Venue: Suntec Singapore Hall 402 403 Booth; CO3 B t Date: 22 -23 Aug' 09, Warn 7pm j B SOl IS INVESJFBIite
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  • SGX
    • Article
      Lock icon Transaction date: Aug 21
      8955 37 SZ-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld C'vr Net P/E M Cap $mil 5.5 3 3148 8Telecom I 2.5 5834 A-Sonic !8.5 12 5000 ABR Hldgs 4.5 5.5 1938 AEI Corp I 1 1100
      8,955 words
    • Article
      Lock icon SGX CATALIST
      1787 40 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      46 40 Up Down Unch 8 6 4 Up Down Unch OOP Up Down Unch 8 6 4 lulti Ind lanui FactuTTFTi .ommerce -inance .onst ;rud ;ion jerties Totel Sts" >ervices >as/ ler ;ure larr Active counters with no volume for todai are not included
      46 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      41 40 MAIN SDQ TOTAL MAIN SDQ TOTAI lulti Ind 24,046 24,046 60, ,063 60,063 TarTUl tectiirin; .ommerce -inance 'ro perties Jpoj tote I ists >ervices led jas/ 'ater linini >uarr Sing foreign stocks. Value calculated using Monday's exchange rates.
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      761 40 For week beginning Aug 17 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) Stock Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares *000 Price Per Shr$ SHAREHOLDING Before After (*000) (*000)
      761 words
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      26 37 JIMMAHSPIGIIOT A^>^t's^Pli' > 1 Le maitre de Vhorlogerie depuis 1875 A"^BL f^^^^M TRADITION COLLECTION t^E REPEATER, For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com 4^^,^ .jr*^^l»lMP*^^^^ Vf'' \^*^^S<l^s^^^
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  • MARKETS
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 41 YTD change: +44.47% 52-week high: 2,763.42 on Sept 2,2008 52-week low: 1,455.47 on March 10,2009 Source: Bloomberg
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      • Article, Illustration
        Lock icon Hang Seng Index
        21 41 YTD change: +40.39% 52-week high: 21,546.90 on Aug 28,2008 52-week low: 10,676.20 on Oct 27,2008 Source: i Bloomberg
        : Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 41 YTD change:+6.s4% 52-week high: 11,790.10 on Sept 2,2008 52-week low: 6,469.95 on March 6,2009 (Chart shows Thursday's index closing) Source: Bloomberg
        : Bloomberg  -  25 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        363 41 AugZO dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 761.8 1.0 12.4 0.8 15.8 1.0 15.3 EAFE Preliminai 729.8 1.4 12.4 1.1 17.9 1.3 17.5 Euroi Preliminai 1011.4 1.4 10.9 1.3 18.3 1.5 17.8 Pacific 624.1 1.3
        363 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        144 41 Aug2l\ :urrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 1.1952 Offer 1.1970 Bid 0.8294 Offer 0.8299 :anadian dollar 1.3253 1.3271 0.9197 0.9201 iuro 2.0589 2.0610 1.4288 1.4290 IZ dollar 0.9735 0.9747 0.6756 0.6758 jterlini 2.3751 2.3776 1.6482 1.6485 IS dollar 1.4410 1.4423 >$/US$ to
        144 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        20 41 YTD change:+62.6l% 52-week high: 3,478.01 on Aug 4,2009 52-week low: 1,664.92 on Oct 28,2008 Source: Bloomberg
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      • Article, Illustration
        Lock icon Nikkei 225
        18 41 YTD change:+ls.s6% 52-week high: 13,079.30 on Aug 29,2008 52-week low: 6,994.90 on Oct 28,2008 Source: Bloomberg
        : Bloomberg  -  18 words
      • Article
        Lock icon LIFFE
        71 41 Aug 2p| 1 (£/tonne) Close Prev Hii Sh/Low lepO9 1833 1811 1835/1799 )ecO9 1849 1832 1854/1817 /lariO 1854 1837 1855/1827 /lay 10 1855 1838 1858/1830 COFFEE (US$/tonne) Close Pev High/Low 5epO9 1344 1364 1365/1344 \lov09 1367 1383 1385/1366 Ian 10 1385 1401 1402/1385 SUGAR (US tonne) White Close Prey
        71 words
      • Article
        Lock icon CHICAGO BOT
        98 41 Aug 2o|| SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low SepO9 999.25 997.*****7.25 993.75 Nov09 957.00 958.00 968.50 952.00 Jan 10 959.50 963.00 972.00 955.50 Mar 10 959.50 964.75 970.00 956.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low SepO9 35.80 36.11 36.35 35.76 Oct09 35.99 36.31
        98 words
      • Article
        Lock icon OIL
        76 41 Aug 2o|| :rude ISS/barrel (FOB origin) Close Change Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) 'apis blend /linas 74.01 0.77 72.24 -0.04 72.89 2.46 79.90 2.75 77.40 2.55 •RODUCT ISS/barrel (FOB Spore) Close Change \l aphtha let Kerosene 70.72 79.85 1.22 2.55 JSS/barrel )pec Oil Basket
        76 words
      • Article
        Lock icon METALS
        69 41 4u L 2;[ loz] iug_ <ug -long Kong 943.10 940.40 944.10 941.40 Aug 19 Aug 20 .ondon 941.60 940.45 942.40 941.25 Source: Thomson Reuters SILVER Selling Buying 'assbook 1 oz 20.17 19.94 Source: DOB >LATINUM Lon (US$/oz) Aug 20 Close Previous 'M Fix 1241.*****0.00 M Fix 1250.*****2.00 Source: Thomson
        69 words
      • Article
        Lock icon PALM OIL
        61 41 Aug2i\ CLCE PALM FUTURES (RM/MT) delivery Opening Sett Av 4onth Range Price Price Low Vol Done Open Position Hi, ;epO9 3d 09 tovO9 )ecO9 2352 2380 2394 2290 1193 2880 2344 2378 2378 2259 3848 ***** 2320 2345 2346 2234 ***** ***** 2300 2335 2337 2228 2779 *****
        61 words
      • Article
        Lock icon LONDON METALS
        69 41 Aug2<\ tluminium, 99.7% mrity (US$/tonne) Nickel ;us$/tonne; Close Previous Close Previous Cash 3 months Tin (US$/tonne; *****.00 *****.00 *****.00 *****.00 :ash 1 months :opper, Grade A 1871.75 1906.00 1914.50 1950.00 ;us$/tonne) lash J months ■ead (US$/tonne; 6050.50 6049.00 5983.00 5981.00 Cash 3 months Zinc, Special Hi; *****.00 *****.00
        69 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Knowing the moody shopper
      897 42  -  Catherine Yeung and Qiu Cheng A study finds that moods influence consumers' evaluation of products and what they buy By r^^^B HE credit card debt in Singapore was estimated at $3.4 billion last December, making it the highest for that month in 20 years. While part
      897 words
    • Article
      Lock icon Deflation poses no danger and may be desirable
      856 42  -  Matthew Lynn It can encourage a balance between saving and consumption, and discourage government and bank debt By OR much of the last year, cen- tral bankers, industrial leaders and politicians have been warning us about deflation. _^l_ Falling prices, they tell
      856 words
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  • Invest Fair
    • Article, Illustration
      Lock icon Making sense of the rally
      2751 43 Markets have recovered dramatically since their lowest point in March, thanks to the influx of liquidity and relief that the spectre of another Great Depression has retreated. But how sustainable is this rally? Here are some experts who will speak at the InvestFair 2009 today.
      2,751 words
    • INVEST FAIR '09 INVESTING
      • Article, Illustration
        Lock icon Sawy trader in the making
        1141 44  -  Genevieve Cua If you're mulling a trading coach, research the track records of both trainers and trainees. DVERTISEMENTS for courses that claim to be able to turn you into a proficient or even sawy trader have mushroomed over the few years. The courses, which typically
        1,141 words
      • Article
        Lock icon BROKERS' TAKE
        874 44  -  Lynette Khoo First Resources Buy DMG Partners Securities Aug2l Close: $0.92 FIRST Resources (FR) announced the issuance of a five-year US$lOO million convertible bond due Sept 22, 2014, with an initial conversion price of $1.*****. The conversion price represents a premium of 23.5 per cent above Thursday's closing
        874 words
      • Article, Illustration
        Lock icon Anticipating, accelerating, accentuating
        843 45  -  Emilyn Yap CapitaCommercial Trust shares its 'triple-A strategy' for riding through challenging times. OR a sector that looked extremely vulm nerable during the worst of the credit crisis, most real estate investment trusts (Reits) in Singapore managed to turn in steady results in the second quarter of
        ARTHUR LEE  -  843 words
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  • WEALTH INVESTING
    • Article, Illustration
      Lock icon Recovery levels then and now
      1342 46  -  Teh Hooi Ling SHOW ME THE MONEY As expected by most, the recovery this time has not been as strong as the post-Asian financial crisis one hooiling@sph.com.sg Senior correspondent ACK in November last year, I plotted the path taken by the Straits Times Index (STI)
      1,342 words
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      1006 47 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 17 District 21 LANDED LANDED Loyang Villas 3-Ter 29/07/2009 99 1615 888 550 Toll Tuck Cres 2-Ter 30/07/2009 99 1720 1100 640 LoyangVillas
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