The Business Times, 10 April 2010

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Microfilm: NL30641
Total Pages: 47
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg APRIL 10-11, 2010 S$1.00 MICA (P) 124/08/2009 S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon Homes on high
    1068 1  -  The shimmering skyline of Singapore’s residential skyscrapers will be seeing some notable additions By Felda Chay feldac@sph.com.sg Singapore THERE is only one way to go for residential properties in Singapore: up, up and up. When it comes to building height, the five tallest private residential buildings perhaps
    BT graphics; Source: URA, Jones Lang LaSalle Research  -  1,068 words
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      176 1 the FROM THE DESK OF On rules and efficiency 14 DINING World Gourmet Summit: What's cooking L6-8 WEALTH US equities: Surprisingly strong returns 30-31 safety first S’pore hosts Asean research unit AIM of the new outfit is to prevent South-east Asia from falling into a financial crisis similar to the
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  • TOP STORIES
    • Article
      Lock icon S’pore to host Asean economic research unit
      493 2  -  PM Lee says aim is to prevent a replay of 1997 financial crisis By Lee U-Wen leeuwen@sph.com.sg Hanoi SINGAPORE will be home to a new independent economic surveillance office next year that aims to prevent South-east Asia from falling into a financial crisis
      493 words
    • Article
      Lock icon MARKETS
      135 2 STI 2,971.97 (+8.78) STI FUTURES 2,955.00 (+8.00) SIMSCI 352.43 (+1.48) SIMSCI FUTURES 350.40 (+1.80) STOCKS Friday Change KL COMP 1,333.98 +1.05 NIKKEI 225 11,204.34 +36.14 HANG SENG 22,208.50 +341.46 SET 789.66 +5.73 JAKARTA 2,845.01 -5.82 MANILA 3,256.12 -14.25 KOSPI 1,724.47 -9.31 SHENZHEN B 647.43 +7.01 MUMBAI IND 17,933.14 +218.74
      135 words
    • Article, Illustration
      Lock icon Sign-on bonuses help boost Gupta’s 2009 pay
      550 3  -  DBS CEO’s pay of at least $4.2m includes sign-on bonuses; outgoing chairman was paid almost $5m for helming bank By Siow Li Sen lisen@sph.com.sg Singapore DBS Group Holdings, which hired Piyush Gupta as chief executive in November last year, paid him at least
      FILE PHOTO  -  550 words
    • Article
      Lock icon More suitors emerge for Macarthur, threatening Noble’s plans
      522 3  -  By Angela Tan angelat@sph.com.sg Singapore FAIR dinkum or not, it is obvious by yesterday, barely a week since US Peabody Energy Corp made its first unsolicited offer of about A$3.3 billion (S$4.3 billion) for Australian miner Macarthur Coal, that the takeover circus
      522 words
    • Article
      Lock icon Yuan ends at 6-month high amid jitters
      224 5 Reuters Shanghai THE yuan rose to its highest close in six months against the US dollar yesterday as traders fretted over a possible yuan revaluation over the weekend. “There was some panic in the market late in the session that the central bank
      Reuters  -  224 words
    • Article
      Lock icon Externalities and all that buzz
      511 6  -  saturday soapbox| By Anna Teo anna@sph.com.sg WHILE out running the other morning, I passed a strolling couple in an encounter that, OK, didn’t quite stop me in my tracks but sure jolted me out of daydreaming. Just at the moment we passed one another, two
      511 words
    • Article, Illustration
      Lock icon Changes in the air at 3 top Singapore restaurants
      521 6  -  Jaan chef to leave, Iggy’s to move and Harbour Grill to close By Audrey Phoon aphoon@sph.com.sg Singapore SIGNIFICANT changes are cooking for three of Singapore’s top restaurants: Jaan, Iggy’s and Harbour Grill Oyster Bar. Come the middle of this year, Jaan
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    • Article
      Lock icon Clarification
      42 6 IN “Iskandar Malaysia sets out to woo service firms” (BT, April 5), we said Ismail Ibrahim officially took the helm at Iskandar Regional Development Authority last November. Mr Ibrahim, in fact, officially took over as chief executive in January this year.
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      122 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 Raffles Conversation 8-9 Companies 10-13 From The Desk Of 14 Singapore 15-17 Letter From Abroad 18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Househunt 34 Real Estate 35 LIVING Design L2-4 ClipperRace L5 Dining L6-8 Health L9 Shopping L10-11
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      62 3 Hundreds of items in the Showroom to clear regardless of cost! Blk 345 Clementi Ave #01 88 Tel 6741 7717 Open 30am 8pm Teak Cabinet 2 Drs (87 x 90 x 49cm) Teak Coffee Table with Glass Top (40 x 100 x 55cm) Sofa Bed (160 x 170cm) Htroi UP:$269
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      2755 5 BreadTalk® BreadTalk Group Limited (Registration No. *****2045G, Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING Explanatory Notes: (i) The Ordinary Resolution 7 in item 7 above, if passed, will empower the Directors of the Company, effective until the conclusion of the next Annual General Meeting of the Company, or the
      2,755 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | April 5-9, 2010
      • Article
        Lock icon Developers’ landbanks running low
        50 7 MAJOR developers, caught off guard by strong home sales in the past year, are now faced with fast depleting landbanks. According to property consultancy DTZ, half of the 16 major developers in Singapore had less than 1,000 residential units left in their landbank as at end-February.
        50 words
      • Article
        Lock icon Big 3 iron ore producers could face backlash
        75 7 PROTESTS are mounting as the ramifications of new iron ore pricing set in with the latest industry body to make its displeasure known being the China Iron and Steel Association. Separately, MarketWatch website reported that the association is asking domestic steel companies
        75 words
      • Article
        Lock icon Curbs against speculation hit HDB resale sentiment
        53 7 RECENT government measures to curb speculation in HDB flats appear to have affected sentiment in the resale market. Property agents recount cases of buyers walking out of deals shortly after the new rules were announced. A few also observed a drop in purchase
        53 words
      • Article
        Lock icon Directorships to the fore in debate over 5
        45 7 IF five becomes the magic number, then 50 are going to be on the wrong side of it. That’s the number of directors in Singapore who each serve on the boards of more than five listed companies.
        45 words
      • Article
        Lock icon Unhappy OCBC private bankers threaten to quit
        60 7 WHEN companies with different cultures and backgrounds merge, turf wars and defections sometimes follow. A sizeable proportion of OCBC Bank’s private bankers have given notice of their intention to leave due to unhappiness over roles and positions relative to their counterparts from the
        60 words
      • Article
        Lock icon Fourth mobile operator may get a call-up
        69 7 SINGAPORE’S telco scene could add a splash of colour beyond the current red, green and orange if the Republic’s telecommunications regulator goes ahead with a plan to free up its remaining third-genera-tion (3G) cellular spectrum. The Infocomm Development Authority of Singapore is considering
        69 words
      • Article
        Lock icon Qatar SWF snaps up top Singapore hotel
        54 7 QATAR’S sovereign wealth fund has acquired a 40 per cent stake in luxury hotel chain Fairmont Raffles in a US$847 million deal that would also see it take ownership of one of the chain’s Singapore hotels. Fairmont Raffles declined to name the hotel
        54 words
      • Article
        Lock icon COE supply this year may be 50% of 2009’s
        65 7 THIS year’s new car registrations could plunge to levels not seen since 1999, but certificate of enti- tlement (COE) premiums would be way higher than what they were 11 years ago because of a bigger car population. In 2009, the maximum
        65 words
      • Article, Illustration
        Lock icon IN VOUR FACE
        19 7 Thailand’s Red Shirts have responded to the government’s declaration of emergency in Bangkok with defiance AFP
        AFP  -  19 words
      • Article
        Lock icon POSB takes baby steps to win back customers
        40 7 DBS Group Holdings will be rolling out baby accounts. Through its POSB brand, it has tied up with nine Singapore hospitals to present a package of goodies to mothers and their newborns.
        40 words
      • Article
        Lock icon Bangkok in state of emergency
        55 7 THAILAND declared a state of emergency in the capital yesterday after protesters stormed the grounds of Parliament, forcing government ministers to flee by helicopter and raising pressure for snap elections. The “red shirts” responded to the decree with defi- ance, exhorting followers in rural provinces
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      • Article
        Lock icon GIC-linked China Minzhong launches IPO
        44 7 SINGAPORE’S first initial public offering linked to the Government of Singapore Investment Corporation (GIC) is gunning for $237 million in gross proceeds. China Minzhong, a vegetable producer and processor in China, priced its mainboard offer shares at $1.20 apiece.
        44 words
      • Article
        Lock icon Doctor vs doctor in hospital board dispute
        64 7 AN ambitious private hospital project led by a group of doctors has been hit by a squabble among shareholders over who should have the rightful control of the board. BT understands that Singapore Healthpartners Pte Ltd (SHP), which owns the hospi-tal-and-hotel development next
        64 words
    • NEXT WEEK | April 12-16, ’10
      • Article
        Lock icon US DATA
        30 7 April 13 Feb trade balance April 14 March CPI March retail sales April 15 Initial job claims March industrial production April 16 March building permits March housing starts
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      • Article
        Lock icon SINGAPORE DATA
        22 7 April 14 Q1 advance GDP estimates April 15 Feb retail sales and catering sales indices April 16 March merchandise trade
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      • Article
        Lock icon EVENTS
        24 7 April 12 TOKYO BOJ to publish minutes of March 16-17 monetary policy meeting April 14 WASHINGTON Fed Reserve to release Beige Book survey
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  • Page 7 Miscellaneous
    • Miscellaneous
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      332 7 CRYPTIC CROSSWORD Across 1 Consider changing gear on the road (6) 4 A diet put out for fitness (8) 9 Head dancer? (6) 10 Passing place (8) 12 One has a lot of fun with it (4) 13 Has an inclination for debauched men (5) 14 Where lies our responsibility
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      15 7 SATURDAY with Ludwig ‘Mr Lim deals in cars but he makes a living selling paper...’
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Man on a wire
      1541 8/9  -  Srinath Narasimhan turned a lumbering Indian long-distance call giant into one of the world’s largest international voice carriers. The Tata Communications CEO shares his experience. By Winston Chai By Winston Chai winstonc@sph.com.sg NESTLED in the heart of London’s Victoria district, Michelin-rated Quilon serves up authentic gastronomical
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  • Page 8/9 Advertisements
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      70 8/9 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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  • COMPANIES
    • Article, Illustration
      Lock icon Leng Beng’s pay above $7.5m last year
      404 10  -  Remuneration range unchanged from the previous year; Leng Joo’s pay rises to above $6.5 million By Kalpana Rashiwala kalpana@sph.com.sg Singapore CITY Developments Ltd (CDL) executive chairman Kwek Leng Beng received “above $7.5 million and up to $7.75 million” for the financial year ended
      FILE PHOTO  -  404 words
    • Article
      Lock icon Yangzijiang plans secondary listing in HK or Taiwan
      489 10  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore YANGZIJIANG Shipbuilding is the latest to disclose that it is jumping on the bandwagon of dual listings, as this trend looks set to stay this year. This S-chip is planning to undertake a dual listing in Hong
      489 words
    • Article
      Lock icon SGX orders China Sun to delist by April 30
      375 10  -  By Lynette Khoo lynkhoo@sph.com.sg CHINA Sun Biochem Technology Group has joined the list of companies that are ordered to delist by the Singapore Exchange (SGX). This stems from the group’s failure to submit a proposal to SGX to resume trading of
      375 words
    • Article, Illustration
      Lock icon When the market theme is ‘cheaper and faster’
      887 11  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent WHEN stocks under 10 cents and some under five cents top the actives list, it is customary in some circles to set the alarm bells ringing because: a) It suggests that investors are scraping the bottom
      887 words
    • Article
      Lock icon Debao public offer well received
      369 11  -  By Ven Sreenivasan ven@sph.com.sg Singapore IN a sign of recovery in the IPO market, China-based Debao Property Development’s 1.5 million shares public offer tranche has been subscribed 18.6 times one of the highest rates in recent months. Also, all 136.5 million placement shares were taken
      369 words
    • Business briefing
      • Article
        Lock icon NOL appoints two new non-exec, independent board directors
        90 11 NEPTUNE Orient Lines Ltd (NOL) has appointed two new non-executive, independent board directors, both Singapore business executives with extensive international management experience. They are Tan Puay Chiang, 63, former chairman of ExxonMobil (China) Investment Co, and Jeanette Wong Kai Yuan, 50, group
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    • Article, Illustration
      Lock icon 40% of units at Dakota condo sold
      461 12  -  Small units first to be sold; prices start from $570,000 for a one-bedder By Kalpana Rashiwala kalpana@sph.com.sg Singapore UOL Group has sold about 40 per cent of its 616-unit Waterbank at Dakota condo by yesterday. By some analysts’ calculations, UOL stands to book
      461 words
    • Article
      Lock icon Ezra’s Q2 net earnings plunge 31%
      542 13  -  Net profit at US$10.4m, while revenue rises 18% to US$74.5m By Vincent Wee vincewee@sph.com.sg Singapore EZRA Holdings’ net profit dived 31 per cent to US$10.4 million for the second quarter ended Feb 28, from US$14.9 million for the previous corresponding period. Despite an 18
      542 words
  • Page 10 Advertisements
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      27 10 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 1001
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  • Page 11 Advertisements
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      33 11 Dakota Residences Dakota MRT right at doorstep 5 mins drive to Suntec City Estimate TOP in 6 months time 4 bedrooms avg $1050 psf Viewing by appointment, Co-broke welcome 9877 4050 9626 4400
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      2262 12 PROGEN PROGEN HOLDINGS LIMITED (Company Registration No. *****5118C) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Progen Holdings Limited ("the Company") will be held at 12 Woodlands Loop, Singapore *****3 on Tuesday, 27 April 2010 at 10:00
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  • Page 13 Advertisements
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      1931 13 EAGLE BRAND VBL HOLDINGS LIMITED IRSSTRFIFL EAGLE BRAND HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Eagle Brand Holdings Limited ("the Company") will be held at The Fifth Floor Meeting Room, Eagle Brand Holdings Limited
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Management 101 rewritten
      948 14 When efficiency is in question, maybe it’s time to take a good look maybe good at the rules and embrace what seems counter-intuitive from the desk of For marketing services agencies involved in areas such as advertising, direct marketing, public relations and digital communications, stories of horrendous
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  • SINGAPORE
    • Article, Illustration
      Lock icon Asean invites Obama to attend Vietnam summit later this year
      557 15  -  Move aimed at raising group’s international profile and engaging global powers regularly By Lee U-Wen leeuwen@sph.com.sg Hanoi SOUTH-EAST Asian leaders including Singapore Prime Minister Lee Hsien Loong have issued a formal invitation to US President Barack Obama to attend a
      SAMUEL HE/THE STRAITS TIMES  -  557 words
    • Article, Illustration
      Lock icon Hollywood veteran to invest in Asian media
      489 15  -  By Chuang Peck Ming peckming@sph.com.sg THE name Mario Kassar may not be familiar to Singaporeans, but his movies definitely are. The Hollywood producer of such hit movies as Rambo, Terminator 2 and Basic Instinct is trying to make a splash of a different
      ARTHUR LEE  -  489 words
    • Article, Illustration
      Lock icon Firms not dealing with older workers: study
      492 16  -  Few companies have formalised strategies that take into account the ageing of the workforce, says author of report By Chuang Peck Ming peckming@sph.com.sg GOVERNMENTSinAsia– including Singapore have long recognised the challenges of an ageing population. But companies in the region have been slow
      FILE PHOTO  -  492 words
    • Article, Illustration
      Lock icon Aviva launches online car insurance product
      356 16  -  By Teh Shi Ning tshining@sph.com.sg AVIVAisre-entering Asia’sgeneral insurance market with the launch of a direct online car insurance product in Singapore. Breaking into the motor insurance market here with premiums it claims are 7 per cent cheaper than competitors’, Aviva also plans to roll
      356 words
    • Article
      Lock icon Singapore shares experience with Kunming
      205 16 SINGAPORE will soon share its experience in public-private partnerships (PPP) in the infrastructure industry with China’s Kunming municipal government. The Temasek Foundation (TF) and Singapore Cooperation Enterprise (SCE) yesterday announced a partnership programme which will see Singapore experts share their knowledge with 170 key Kunming
      205 words
    • Article
      Lock icon S’pore firm in deal to make 3D film
      184 16 THAI-BASED Shellhut Entertainment and Singapore-based Tiny Island Productions will co-pro-duce a 3D animated film scheduled for release in 2012. The companies said yesterday that the deal will be signed during MIPTV 2010 in Cannes from April 12 to 16, when Singapore will
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  • Briefing
    • Article
      Lock icon OKH wins Yishun site with $27m bid
      68 17 THE Urban Redevelopment Authority yesterday awarded the tender for a 60-year leasehold industrial site at Yishun Avenue 6 (Parcel 1) to OKH Management. OKH outbid six other developers with an offer of $27.2 million, or $71 per square foot per plot ratio. Parcel
      68 words
    • Article
      Lock icon Recognising design excellence
      48 17 PUBLIC nominations forthePresident’sDesign Award 2010 are open from April 12 to May 14. The award recognises excellence in two categories Design of the Year and Designer of the Year across all design disciplines. Nominations can be made in print and online at www. designsinga pore.org/pda
      48 words
    • Article
      Lock icon Republic Poly’s MICE initiative
      52 17 REPUBLIC Polytechnic and the Singapore Association of Conventions and Exhibition Organisers and Suppliers signed a thee-year memorandum of understanding yesterday to foster collaboration in the MICE (meetings, incentives, conventions and exhibitions) industry. This will include joint projects on market intelligence gathering, sharing expertise and developing specialist
      52 words
    • Article
      Lock icon New publication from The Peak
      46 17 LUXURY magazine The Peak yesterday launched a new biannual publication called The Peak Selections: Gourmet and Travel. The debut issue will reveal the results of the inaugural G Restaurant Awards and will retail at $18 at leading bookstores from April 19.
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  • Page 17 Advertisements
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      3263 17 L I HE IMG Ll HENG CHEMICAL FIBRE TECHNOLOGIES LIMITED (the "Company") (Incorporated in Bermuda on 7 September 2007) (Company Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Meeting Room 320 (Level 3), Suntec
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  • LETTER FROM ABROAD
    • Article, Illustration
      Lock icon A bite of the Big Apple
      1194 18  -  letter from new york Desmond Teo Senior tax manager Ernst Young LLP, New York WHEN I got news of my overseas secondment to the Ernst Young office in New York City, I was like an eager young man waiting to soak up what the
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  • WORLD
    • Article
      Lock icon Apple edges into selling of app ads
      513 19 It will give developers 60% of revenue from ads that run in their programs, says Steve Jobs NYT Cupertino, California APPLE, the maker of popular gadgets, is getting into the business of selling advertising, ratcheting up its rivalry with Google. On Thursday, the
      NYT  -  513 words
    • Article, Illustration
      Lock icon Sotheby’s Hong Kong sale raises record HK$2b
      580 19 Bloomberg Hong Kong SOTHEBY’S sold HK$2 billion (S$358.5 million) of antiques and paintings in Hong Kong as signs of a global recovery pushed prices of top lots to pre-credit-crisis levels. The tally on Sotheby’s packed five-day auction of 2,400 items that ended on
      Bloomberg  -  580 words
    • Article
      Lock icon Rio sounds death knell for annual iron ore pricing
      342 19 Reuters Sydney RIO TINTO has moved to quarterly pricing of iron ore contracts, effectively killing off the decades old annual price-fixing system, despite opposition from buyers around the globe. The miner is the last of the world’s top three iron ore
      Reuters  -  342 words
    • Article, Illustration
      Lock icon Petronas to list two units on KL bourse this year
      431 20 Targets are petrochemical business, MISC’s heavy engineering arm Reuters Kuala Lumpur MALAYSIAN energy company Petronas plans to float two subsidiaries on the local stock market in separate offerings this year and should see strong demand on returning investor risk appetite,
      Reuters; BLOOMBERG  -  431 words
    • Article
      Lock icon Thai protesters force closed TV station back on air
      456 20 Reuters Bloomberg Bangkok THAI protesters yesterday stormed a satellite station, overrunning an army barricade and forcing their TV channel back on air in the first major confrontation in a three-day state of emergency. Security forces fired water cannon and tear gas
      Reuters; Bloomberg  -  456 words
    • Article
      Lock icon Vodafone, Bharti may pay US$3b each in auction
      289 20 Fierce bidding expected for 3 BWA frequencies Bloomberg Mumbai VODAFONE Group and Bharti Airtel Ltd may have to pay the Indian government as much as US$3 billion each as 15 bidders vie for airwaves to offer faster data services in the world’s
      Bloomberg  -  289 words
    • Article, Illustration
      Lock icon Contrition, and lack of it, at Citigroup hearing
      679 21 Prince mollifies panel by apologising for financial crisis; Rubin refuses to accept any personal responsibility NYT Washington THE two men who steered Citigroup into the eye of the financial storm offered a striking contrast on Thursday. Charles Prince, Citigroup’s former chairman and
      NYT; PHOTO: AP  -  679 words
    • Article
      Lock icon 3D TV to face global test in World Cup
      532 22 Fifa, Sony to supply 25 matches from S Africa in immersive 3D technology; most of the fans likely to be in cinemas Reuters London HUNDREDS of thousands of soccer fans are likely to get their first taste of live 3D viewing
      Reuters  -  532 words
    • Article, Illustration
      Lock icon Oprah to host new evening show
      291 22 Reuters New York OPRAH Winfrey will try to recreate her daytime success in the evening with a new show she will host from around the world next year after ending her reign as daytime talk show queen after 25 years, her network said on
      Reuters  -  291 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      93 21 MATS NOTICES NOTICE OF INTENDED PREFERENTIAL PAYMENT Name of Company Ananda Travel (Singapore) Pte Ltd (In Liquidation) Co. Reg. No. *****5619K Address of Registered Office c/o The Liquidator's Office Number of Matter Companies Winding Up No. 90 of 2006/Q Payment In Respect of Preferential Claims Last day for receiving Proofs
      93 words
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      1012 21 WATS 3 NOTICES ORIENTAL CENTURY LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3707R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at Falcon Room, Level 3, 11 Laguna Golf Green, Singapore *****7 on 26
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  • Page 22 Advertisements
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      47 22 |iFTr^llTlTl:\V^lii|^(4i[i]/r?Kiri IrnHfTrTm 80 el® 9eS •S5S ASUS smart phones and net books r latest Off. mflmote! as H If"* ilat Ij. a .1 pteviiews ai JOIN NOW! Win over $40,000 worth of prizes! Nomination and Registration Now Open! Closing Date: 9 May 2010 Organised by: 6) http://sgblogawards.omy.sg
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  • SGX
    • Article
      Lock icon Untitled
      9227 23 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 4.5 3148 8Telecom 17.5 +1 686 17.5 16.5 16.5 17.5 1.7 10.3 5.6 83.8 10 3.5 5834 A-Sonic 7.5 unch 268 8 7.5 7.5
      9,227 words
    • Article
      Lock icon SGX CATALIST
      1906 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 $mil 10 5 1181 t AA Grp 5 unch 35 5 5 4.5 5 27.8 4.8 25 12 8538 t APStrategic 15.5 14.5 15.5
      1,906 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 3 0 0 0 11 2 3 Manufacturing 116 30 68 11 4 16 127 34 84 Commerce 45 7 22 7 3 6 52 10 28 Tpt/Stor/Comms 30 3 10
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      842 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 5 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Metro Hldgs Ltd 8-Apr-10 Leroy Singapore Pte Ltd ST ***** na 1163 0.18 ***** 3.69 Metro Hldgs
      842 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 39,099 39,099 55,852 55,852 Manufacturing 759,853 32,953 792,806 298,872 3,003 301,875 Commerce 248,858 28,145 277,003 122,846 5,819 128,665 Tpt/Stor/Comms 185,426 2,200 187,626 245,148 300 245,448 Finance 27,470 16 27,486 143,015 2 143,016 Construction 160,683 221,072
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  • MARKETS
    • Article, Illustration
      Lock icon STOCK MARKETS
      92 27 YTD change: +2.57% 52-week high: 2,996.27 on April 7,2010 52-week low: 1,791.45 on April 28,2009 Source: Bloomberg YTD change:+1.54% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 14,457.90 on April 28,2009 Source: Bloomberg YTD change: -4.02% 52-week high: 3,478.01 on Aug 4, 2009 52-week low: 2,331.88 on April
      Source: Bloomberg  -  92 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      365 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 8 Index Change Change Change Change Change Change World Index Preliminary 873.4 -0.5 4.9 -0.6 2.6 -0.4 3.4 ‡EAFE Preliminary 817.8 -0.9 4.2 -0.8 -0.3 -0.7 0.4 Europe Preliminary 1162.5 -0.9
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      Lock icon INTERBANK CURRENCY RATES
      154 27 Apr 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2943 1.2957 0.9293 0.9297 Canadian dollar 1.3920 1.3937 0.9994 1.0000 Euro 1.8669 1.8688 1.3404 1.3409 NZ dollar 0.9893 0.9906 0.7103 0.7108 Sterling pound 2.1392 2.1413 1.5359 1.5364
      154 words
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      Lock icon LIFFE
      77 27 Apr 8 COCOA (£/tonne) Close Prev High/Low May 10 2141 2148 2159/2131 Jul 10 2160 2167 2179/2150 Sep 10 2132 2137 2149/2120 Dec 10 2108 2110 2125/2100 COFFEE (US$/tonne) Close Pev High/Low May 10 1338 1345 1347/1325 Jul 10 1374 1380 1381/1361 Sep 10 1405 1413 1413/1393 SUGAR (US
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      Lock icon CHICAGO BOT
      105 27 Apr 8 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 10 946.50 952.50 953.75 945.25 Jul 10 956.00 961.50 962.75 954.50 Aug 10 953.00 957.75 958.25 951.00 Sep 10 942.00 945.75 945.75 939.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 10 39.92 40.03 40.24
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      Lock icon PALM OIL
      70 27 Apr 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2573 2580 2580 2560 163 1732 May 10 2524 2553 2553 2517 2255 ***** Jun 10 2500 2594 2594 2500 9405 ***** Jul 10 2491 2530
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    • Article
      Lock icon OIL
      75 27 Apr 8 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 85.09 -1.10 WTI (Near Mth) 85.67 -0.01 Dubai (1-Mth F) 83.12 -0.74 Tapis blend 87.95 -0.95 Minas 86.75 -0.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.20 -0.35 Jet Kerosene 94.90 -0.55 US$/barrel Opec Oil Basket Price
      75 words
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      Lock icon LONDON METALS
      71 27 Apr 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2327.75 2321.25 3 months 2358.50 2352.00 Copper, Grade A (US$/tonne) Cash 7861.25 7914.50 3 months 7892.00 7945.00 Lead (US$/tonne) Cash 2262.25 unch 3 months 2290.00 unch Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
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      Lock icon METALS
      67 27 Apr 9 GOLD (US$/oz) Apr 08 Apr 09 Hong Kong 1145.*****5.50 Apr 07 Apr 08 London 1143.*****0.80 1144.*****1.60 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.29 25.06 Source: UOB PLATINUM Lon (US$/oz) Apr 08 Close Previous PM Fix 1707.*****0.00 AM Fix 1699.*****2.00 Source: Thomson Reuters PLATINUM NYMEX
      67 words
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  • PERSPECTIVE
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      Lock icon Yours, Mine, but not Ours
      941 28 / 29  -  STB’s message implies that Singapore is to every traveller whatever their impression is. In a world of global communication and the clash of diverse ideas, confusion can arise and with it, credibility is lost. By Ang Swee Hoon By Ang Swee Hoon The writer is
      YEN MENG JIIN  -  941 words
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      Lock icon A moment of truth in the Atacama Desert
      1080 28 / 29  -  By Michael Dee The writer is senior managing director at Temasek Holdings IT WAS 3.30am, and a strong, cold wind was blowing over the Atacama Desert in Chile, one of the most inhospitable climates on earth. I’d been racing the equivalent of
      1,080 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Surprising investor performance
        1105 30 / 31  -  US equity investors outperformed the S&P 500 by six percentage points last year. Dalbar believes that it was due to two factors investors who initially panicked and then returned to the market, and those who simply remained invested. By Genevieve Cua By Genevieve Cua DALBAR’S annual research
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      • BROKERS' TAKE
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          Lock icon Ying Li International
          245 30 / 31 Buy Kim Eng Research April 9 Close: $0.555 RISING in anticipation: Ying Li’s share price reacted positively to the news of Chongqing’s planned spending of one trillion yuan (S$204 billion) on 323 infrastructure and property projects to bolster economic growth. Its urban renewal projects stand to benefit
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        • Article
          Lock icon Tiger Airways
          466 30 / 31  -  Compiled by Jamie Lee Buy Citi Investment Research April 8 Close: $1.87 BUY: Yields may show a positive surprise Raising TP to $2.40 from $2; 33 per cent upside: We raise our FY 2011-2012 earnings 21-25 per cent as we expect passenger yields to surprise on the upside
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        Lock icon Bank on megatrends and demographics
        1071 32  -  Although the ride may be long and at times bumpy, such investments can give peace of mind in the longer term wealth insights Albert Lam Investment director IPP Financial Advisers albert@ippfa.com IN THE past six months, most stock markets around the world have been trading
        REUTERS  -  1,071 words
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        Lock icon How much is property worth in gold?
        1230 33  -  In the long term, both gold and real estate are without doubt a better store of value than fiat money SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent I MET a friend for lunch this week.I’d wona treat from him. Back
        Source: Compiled by BT with data from Bloomberg,Nationwide Building Society and URA  -  1,230 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 15 to 28 WITH CONTRACT DATES BETWEEN MARCH 10 AND MARCH 16, 2010
        915 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 15 LANDED Joo Chiat Terrace 2-Ter 10/03/2010 FH 1387 1338 965 Opera Estate 2-Ter 12/03/2010
        915 words
      • Article, Illustration
        Lock icon Fragrance Props pays $39m for Siglap property
        253 35  -  Culford Gardens’ en-bloc selling price at $632 psf per plot ratio By Felda Chay feldac@@sph.com.sg Singapore CULFORD Gardens in Siglap, which was put up for sale last month, has been sold to Fragrance Properties for $39 million, said Credo Real Estate, which handled
        253 words
      • Article, Illustration
        Lock icon Election tremors felt in UK property
        430 35 Taxation and deficit concerns under new govt spook investors Reuters London BRITAIN’S uncertain political landscape may slow its commercial property rebound unless the new government quickly addresses investors’ tax and budget deficit worries, a property consultant said yesterday. Investors became slightly more cautious about
        Reuters; AP  -  430 words
      • Article
        Lock icon China firms’ plans to exit property mkt
        158 35 Reuters Beijing CHINA’S agency overseeing big state-owned businesses has received plans from 78 state companies spelling out how they intend to sell out of the nation’s heady property market, a Chinese newspaper said yesterday. The China Securities Journal also reported that the State-owned
        Reuters  -  158 words
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      67 34 Featuring the Prestige Homes Collection Marina Collection Sentosa Cove An Unrivalled lN/larina Experience To arrange for an appointment to view our show unit, please contact Gladis Heng 9387 4624, George Tan 9792 8913 For other luxurious developments, please call 6836 3338 or search with us at savills Savills has more
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      60 1 LivingTHEBUSINESSTIMESWEEKEND|APRIL10-*****0BTTHE BUSINESS TIMES WEEKEND APRIL 10-11 2010 DINING Eating smart at WGS L6-8 OUT OF THE BOX Four young Singapore design studios at Milan Design Week L2-4 GADGETS In your face L12-13 PAPER CHASE BY NATHAN SHOPPING Capsule collections L10-11 NO HOLDS BARRED A chequered career L16 BEAUTY For hair
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  • BT Living
    • DESIGN
      • Article, Illustration
        Lock icon OUT OF THE BOX
        1756 2/3  -  From Wednesday, four mould-breaking young design studios from Singapore will be taking the stage at Milan Design Week. Lim Sio Hui gets an exclusive preview of their work Lim Sio Hui btnews@sph.com.sg Wai Lanzavecchia Graduates of the prestigious Design Academy Eindhoven in the Netherlands, Singaporean Wai
        1,756 words
    • KEPPEL • CLIPPER ROUND THE WORLD
      • Article, Illustration
        Lock icon Bad weather makes Race 7 a huge challenge
        795 5  -  Skipper Jim Dobie gets swept overboard and Uniquely Singapore finishes in fourth place. By Vincent Wee By Vincent Wee vincewee@sph.com.sg RACE Seven of the Clipper 09-10 Round the World Yacht Race across the Pacific from Qingdao to San Francisco was always going
        CLIPPER VENTURES  -  795 words
    • DINING
      • Article, Illustration
        Lock icon Eating smart
        1716 6/7  -  There’s a more cerebral slant to this year’s World Gourmet Summit, which encompasses a host of events that foster an exchange of ideas and knowledge not to mention an appearance by the king of brain food himself, Ferran Adria. Here are some that aren’t just about dining and
        1,716 words
      • Article, Illustration
        Lock icon Alex Chow, Kai
        677 8  -  By Geoffrey Eu ALEX Chow has come a long way from his KL roots and the time he worked his way up the culinary ladder in Chinese restaurants at hotels in Petaling Jaya, Myanmar and Singapore. Now, as executive head chef at Kai, a 100-seat, high-end restaurant
        677 words
      • Article, Illustration
        Lock icon Eu Yan Sang dinner featuring the cuisines of Ronnie Chia and Jakob Esko, with wines from Grand Vin
        700 8  -  By Audrey Phoon aphoon@sph.com.sg JUST when you thought that the good folks behind Eu Yan Sang had come up with every conceivable way to make you take your medicine (think Eu Yan
        700 words
    • HEALTH
      • Article, Illustration
        Lock icon Better immunity is key
        964 9  -  Boosting the immune system might help increase nose cancer patients’ survival chances. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg ONE school of thought in medical science is to let the body do its own healing. This belief tends to underpin healing systems like Traditional Chinese Medicine
        964 words
    • SHOPPING
      • Article, Illustration
        Lock icon MAKING THE CUT
        1083 10 / 11  -  Local fashion labels are collaborating with high-end designers on high profile projects. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg THE fashion industry is absolutely awash with capsule collections at the moment. It started with the High Street labels which saw a chance to expand and perhaps even
        1,083 words
    • GADGETS
      • Article, Illustration
        Lock icon IN YOUR FACE
        771 12 / 13  -  Samsung’s 3D TVs are the first to hit the shops here, with Panasonic, LG, and Sony soon to follow. By Christopher Lim By Christopher Lim limchris@sph.com.sg AFTER all the hype surrounding 3D TVs since their unveiling in January, shoppers were finally able yesterday to buy the first
        771 words
      • Article
        Lock icon wine & dine with BTWeekend
        879 12 / 13 wine dine with BTWeekend Bar on 5 Level 5 Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage
        879 words
    • BEAUTY
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        Lock icon For hair & body too
        951 14 / 15  - For hair body too That light and ultrasound waves are used in facials is commonplace. However, they can also effectively be used in treatments for other parts of your body, as more health and beauty outlets, including the four below, are finding out. By Melissa Lwee out. By Melissa Lwee
        YEN MENG JIIN  -  951 words
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        Lock icon Eat your way to younger looking skin
        728 14 / 15  -  The Perricone Diet forms the cornerstone of a three-tiered programme that claims to be anti-inflammatory, thus helping to reduce the ageing process. By Melissa Lwee By Melissa Lwee YOU’VE heard of the Atkins Diet, the Cabbage Soup Diet or even the Grapefruit Diet,
        728 words
    • SPORT
      • Article, Illustration
        Lock icon The chequered career of an F1 driver
        790 16  -  no holds barred Michelle Quah michquah@sph.com.sg Senior Correspondent WHEN I first heard there was a book written about Alex Yoong, I thought to myself, “You have got to be kidding me”. While his is a name well known among the legions of Formula
        790 words
      • Article, Illustration
        Lock icon Understanding the science of the game
        664 16  -  kick off with john dykes John Dykes BARCELONA’S performances against Arsenal over the past fortnight in the Champions League sent football experts around the world rushing to the chalkboard in search of an explanation for the Spanish giants’ brilliance. What was the secret? Pressing?
        664 words
    • GOLF
      • Article, Illustration
        Lock icon When a golf vacation is just a click away
        1044 17  -  For the well-heeled, planning a luxury golf holiday at a far-off destination has never been so easy. By Justine Moss By Justine Moss btnews@sph.com.sg GOLF holiday packages are big business these days, having progressed over the years from quick regional stay-and-play
        1,044 words
    • MOTORING
      • Article, Illustration
        Lock icon Lord of the Rings
        602 18/19  -  Two compact coupés with almost identical dimensions have zipped into the market to occupy two very different niches. Samuel Ee drives both the turbocharged Audi TT RS and the fuel-sipping Honda CR-Z hybrid Samuel Ee IT MAY look like any other Audi TT coupé except for
        602 words
      • Article, Illustration
        Lock icon Hip hybrid
        612 18/19 samuelee@sph.com.sg PERHAPS the most intriguing aspect of the new Honda CR-Z is not that it is a paradox for being a sporty hybrid, or that authorised distributor Kah Motor will only offer it in 2012. These are hardly as curious as the abbreviation that is its model name.
        612 words
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        Lock icon Sportier but greener
        416 20  -  The Michelin Pilot Sport 3 is said to be the only tyre to combine outstanding on-road performance with class-leading environmental features. By Samuel Ee By Samuel Ee ANEWversionofthedefinitivehigh-perform-ance tyre is here and it is not only sportier but also greener. The Michelin Pilot Sport 3 replaces the
        416 words
      • Article, Illustration
        Lock icon First 458 Italia in town
        296 20  -  By Samuel Ee samuelee@sph.com.sg THE highly anticipated Ferrari 458 Italia has finally zoomed into town on a transporter. The Italian super sports car maker’s newest mid-engined model arrived at Ital Auto’s showroom on Leng Kee Road yesterday for the viewing pleasure of those who have
        ARTHUR LEE  -  296 words
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      88 5 SINGAPORE'S MOST DARING NEW ICON With one of Asia's most spectacular waterfront vistas, the world-class Marina at Keppel Bay and the lush greenery of Keppel Golf Club as backdrop, luxurious waterfront living finds its true home at REFLECTIONS AT KEPPEL BAY. Just minutes away, Singapore's financial and business district, Resorts
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