The Business Times, 12 June 2010

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Microfilm: NL30703
Total Pages: 48
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JUNE 12-13, 2010 S$1.00 MICA (P) 124/08/2009
    12 words
  • Article, Illustration
    Lock icon Price of Sentosa Cove home defies gravity
    747 1  -  Top-end bungalow sells for $36m at $2,403 psf despite cautious mood in property market By Kalpana Rashiwala kalpana@sph.com.sg Singapore AMID the caution that has crept into the market for mainstream condos since last month, a record price has been set for a top-end
    ARTHUR LEE  -  747 words
  • Article
    Lock icon If Khazanah loses Parkway bid, Malaysia may play hardball
    533 1  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur IF Khazanah Nasional loses its bid to take over Parkway Holdings, there could be significant repercussions going forward, say Malaysian healthcare executives familiar with the matter. Simply put, India’s Fortis Healthcare will no longer find
    533 words
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      171 1 the SHOW ME THE MONEY Govts should continue to create money to spend 33 KL HAWKER GUIDE Black mee L6-7 the raffles conversation MARC BENIOFF, CEO OF SALESFORCE.COM 8-9 asset gains Global wealth market up 11.5% SINGAPORE makes its mark yet again as the market with the highest growth in
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  • TOP STORIES
    • Article
      Lock icon Millionaire households on the rise
      864 2  -  Singapore stands out, with such households rising by 35% last year By Genevieve Cua gen@sph.com.sg Singapore THE rebound in asset markets last year has buoyed the global wealth market by 11.5 per cent to US$111.5 trillion, with Singapore making its mark yet again as the
      864 words
    • Article
      Lock icon MARKETS
      137 2 STI 2,796.29 (+16.71) STI FUTURES 2,797 (+17) SIMSCI 329.62 (+2.85) SIMSCI FUTURES 330.80 (+4.00) STOCKS Friday Change KL COMP 1,294.67 +3.36 NIKKEI 225 9,705.25 +162.60 HANG SENG 19,872.38 +239.68 SET 769.55 +1.39 JAKARTA 2,801.90 +31.11 MANILA 3,265.44 +40.95 KOSPI 1,675.34 +23.64 SHENZHEN B 554.22 +0.23 MUMBAI IND 17,064.95 +142.87
      137 words
    • Article, Illustration
      Lock icon CMA could raise up to RM995m from M’sian IPO
      579 3  -  It will offer up to 904.5m shares or 67% of CapitaMalls Malaysia Trust By Uma Shankari shankari@sph.com.sg Singapore CAPITAMALLS Asia (CMA), which owns and operates 87 shopping malls in the region, could raise as much as RM995 million (S$425.3 million) by
      579 words
    • Article, Illustration
      Lock icon South Africa mourns a loss, celebrates a goal
      660 4  -  Host nation rides a roller-coaster of emotion on the soccer pitch and in the Mandela home By Lee U-Wen leeuwen@sph.com.sg Singapore FROM sorrow, to joy, then sorrow again. It was a roller-coaster evening of emotions for World Cup hosts South Africa as
      AFP  -  660 words
    • Article, Illustration
      Lock icon Golden ball’s shine
      309 4  -  BREAKINGVIEWS By Alexander Smith REUTERS SPAIN, Portugal and Greece could all do with a good World Cup run. Economists reckon that the further a team progresses in the tournament, the greater the boost to its national economy. For all the hype, however, any benefit outside host South
      REUTERS  -  309 words
    • Article
      Lock icon World Cup set to score against productivity
      627 5  -  But HR firms say employers can use event to build workplace rapport, raise staff morale By Olivia Ho oliviaho@sph.com.sg Singapore BEAUTY is in the eye of the beholder. And with the 2010 Fifa World Cup having kicked off last night, human resource experts
      627 words
    • Article
      Lock icon Good times for TV retailers
      427 5  -  By Jaslene Pang jaspang@sph.com.sg Singapore DESPITE the furore over subscription fees, soccer fever has been catching on here as TV retailers witness Singaporeans scrambling to buy bigger and better televisions in order to catch the World Cup which kicked off yesterday. Best Denki’s spokesman said:
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    • Article, Illustration
      Lock icon An ‘Exxon Valdez’ flowing in every 8-10 days
      678 6 US doubles estimate of how much oil is spewing from BP well; supportive UK govt comments help lift BP shares NYT Reuters New York A US government panel on Thursday essentially doubled its estimate of how much oil has been spewing from
      NYT; Reuters; AFP  -  678 words
    • Article, Illustration
      Lock icon Bad prognosis
      346 6  -  BREAKINGVIEWS By Christopher Hughes REUTERS INVESTOR pessimism about the fallout from the BP oil spill has been vindicated again. Official estimates for the flow from the stricken Macondo well in the Gulf of Mexico were revised sharply higher on Thursday. The maximum figure is now 40,000 barrels a
      REUTERS  -  346 words
    • Article
      Lock icon MBS licences issued only when all requirements met: authorities
      247 6  -  By Nisha Ramchandani nishar@sph.com.sg Singapore RESPONDING to remarks by the Inter-Pa-cific Bar Association (IPBA) that Marina Bay Sands (MBS) used an IPBA event at the resort to speed up the approval process for its licences, the Building Control Authority (BCA), Casino
      247 words
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      102 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 Raffles Conversation 8-9 Companies 10-13 From The Desk Of 14 Singapore 15-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-6 WeekendWith L7 Shopping L8-9 Home& Garden L10-11
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      59 3 Father's Day Grand Prix Brunch Win a Pair of Race Tickets Worth $1,200! Treat dad to a hearty feast of slow-roasted Wagyu and Mediterranean suckling pig, where he stands to score premium seats to the night races this September! Checkers Brasserie 20 June 2010, 12-3pm Prices from $95 for adults
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      62 4 pUNOflLOUJ LAND FOR R6BUILD @NRSSIM RORD m Frontage ard View Nassin__ Rectarig^ Face Grea South/Eaefflicing NASSIM PLOT B ***** sq ft 60m Frontage Flat Elevated Land Face Greenery Almost sold NASSIM PLOT C ***** sq ft Hill Top Quiet, Serene 3mins walk to Botanic Garden Can also build low rise
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      97 5 Singapore Pools World Cup 2010 Information Note World Cup Accounts in use till 12th July 2010. Sign-ups available online or at Singapore Pools branches.Terms apply. World Cup Cards 100, $500 and 1,000) for top-up of World Cup Accounts are on sale at all Singapore Pools authorized outlets. Up to $50
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK June 7-12,2010
      • Article
        Lock icon More SMEs taking the merger route
        46 7 THE number of small and medi-um-sized company mergers has been climbing steadily since 2006 with a total of 279 companies getting involved in 119 mergers. Last year alone, the number of merging firms went up 57 per cent to 104.
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      • Article
        Lock icon Airlines fly out of stormy weather into sunny skies
        46 7 THE world’s airlines could collectively post a profit of US$2.5 billion this year, according to the International Air Transport Association (Iata). This is a major reversal from its previous forecast in March of a US$2.8 billion loss.
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      • Article
        Lock icon Market signs suggest pullback is but a correction
        61 7 IS it the start of a bear market or are we in correction phase right now? That’s the proverbial six-ty-four thousand dollar question. The majority of market watchers seem to think it is the latter, but with quite a bit of caveat.
        61 words
      • Article
        Lock icon Jobs growth seen easing, hiring strong
        30 7 JOBS growth in Singapore will ease in the third quarter. But employers here especially in the services sector remain among the most optimistic worldwide.
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      • Article
        Lock icon Lippo to trim stake in OUE with share placement
        63 7 THE Lippo Group is looking to pare its stake in property group Overseas Union Enterprise via a share placement of up to 52 million shares, which represents an interest of 26.5 per cent. Going by the indicative pricing range given of
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      • Article
        Lock icon Consultants set to peg down estimates of developer sales
        29 7 PROPERTY consultants are getting ready to lower their projections for full-year developer sales. Some are also moderating their price expectations.
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      • Article
        Lock icon iPhone 4 to take on shades of red, green and orange?
        59 7 APPLE’S fourth touch-screen phone and most advanced handset to date could also be the first iPhone to be sold across the board from the point it docks in Singapore. All three local operators SingTel, StarHub and M1 have rolled
        59 words
      • Article
        Lock icon AirAsia to hive off its long-haul carrier
        50 7 MALAYSIAN budget carrier AirAsia will embark on a public share sale of its long-haul unit, AirAsia X, in the second half of next year following a decision to demerge the airlines so that they can focus on their respective core markets and operations.
        50 words
      • Article, Illustration
        Lock icon Strikes, pay hikes may spell change for China
        74 7 AS labour unrest spreads through China’s factories, it is threatening to change manufacturing dynamics in the country and across much of Asia. On Wednesday, the Shenzhen government announced that the minimum monthly wage will go up 10 per cent to 1,100 yuan
        74 words
      • Article
        Lock icon AFP
        1 7
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      • Article
        Lock icon MBS used us to speed up licences, claims IPBA
        47 7 THE Inter-Pacific Bar Association has accused Marina Bay Sands of misrepresentinga “complete disaster” as a world-class venue. It also says that MBS had an ulterior motive in wanting the association’s conference to be the new resort’s maiden event.
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      • Article
        Lock icon Economists forecast 9% growth for S’pore this year
        36 7 ECONOMISTS now expect Singapore to grow a stronger 9 per cent this year, predicting larger jumps in manufacturing, exports and wholesale retail trade than they had forecast earlier.
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      • Article
        Lock icon Malaysia tries to balance growth with politics
        57 7 MALAYSIA plans to cut its budget deficit to less than half the current levels over the next five years while spending handsomely and growing the incomes of its citizens. But its leaders will not pull the plug on the New Economic Policy (NEP)
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      • Article
        Lock icon NCS clinches $850m MOE computer contract
        45 7 SINGTEL subsidiary NCS has emerged as the biggest winner of the government’s $2.15 billion technology outsourcing movement. The IT services firm on Thursday clinched an $850 million deal to manage all the computer systems under the Ministry of Education.
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    • NEXT WEEK June 14-18; '10
      • Article
        Lock icon US DATA
        35 7 June 15 May export/import prices June 16 May housing starts and permits May PPI and core PPI figures June 17 Initial claims/continuing claims for the week May CPI/core CPI Q1 current account balance
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      • Article
        Lock icon SINGAPORE DATA
        16 7 June 15 April retail sales and catering trade indices June 17 May merchandise trade
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      • Article
        Lock icon EVENTS
        22 7 June 16 Luxembourg ECB Governing Council member Yves Mersch presents central bank’s annual report June 17 Frankfurt ECB publishes monthly bulletin
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  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      306 7 CRYPTIC CROSSWORD Across 1 Say what you will, the orator isn’t paid if he does (5,6) 9 There are strong links between its members (5,4) 10 Flooded a laundry (5) 11 Is among those left to fight (6) 12 Name in credit as thriller-writer (8) 13 Climbs and balances (6)
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Apostle of cloud computing
      2306 8/9  -  companies work Vikram Khanna talks to Marc Benioff about the new IT paradigm and how it is changing the way companies work Vikram Khanna vikram@sph.com.sg ‘Could you please make your way to the overflow room, sir. You can watch the event on the big screen there.”
      ARTHUR LEE  -  2,306 words
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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”.
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  • COMPANIES
    • Article, Illustration
      Lock icon Seroja forms JV with China coal importer
      483 10  -  New JV firm buys dry-bulk vessel for US$19.7m, inks charter deal By Lynette Khoo lynkhoo@sph.com.sg Singapore SEROJA Investments, a Singa-pore-listed Indonesian maritime transportation company, yesterday announced its first foray into China through a joint venture (JV) with a Chinese company. The equally owned
      483 words
    • Article
      Lock icon Baker Tech calls EGM for approval of PPL sale
      252 10  -  By Jamie Lee leejamie@sph.com.sg Singapore BAKER Technology has called an extraordinary general meeting (EGM) to seek shareholders’ approval for the sale of PPL Holdings to Yangzijiang Shipbuilding. The move comes amid the legal dispute between Baker and Sembcorp Marine stemming from
      252 words
    • Article
      Lock icon Armstrong says 3rd party approached major shareholder
      397 10  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore ARMSTRONG Industrial Corporation said yesterday that its major shareholder had been approached by a third party expressing interest to make an offer for the shares or business of the company. But the electronics contract manufacturer cautioned shareholders that
      397 words
    • Article
      Lock icon Yangzijiang buys 20% of venture fund for 60m yuan
      363 10  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore YANGZIJIANG Shipbuilding is pumping 60 million yuan (S$12.3 million) into a Chinese venture capital investment fund for a 20 per cent stake. The company said that the subscription agreement, through its wholly owned unit Jiangsu New
      363 words
    • Article, Illustration
      Lock icon Volatile but boring week ahead of World Cup
      934 11  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent SPEAK to dealers and you get the feeling that the only betting that went on this week wasn’t on stocks but the soccer World Cup in South Africa, such was the level of boredom in trading
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    • Article
      Lock icon Advanced Holdings to buy WBL Corp’s Applied Engineering
      399 11  -  By Jamie Lee leejamie@sph.com.sg Singapore ADVANCED Holdings is paying $18 million to acquire engineering and fabrication company Applied Engineering Pte Ltd, which WBL Corp is selling as part of its streamlining operations. A supplier of process equipment and clean-energy technology solutions, Advanced
      399 words
    • Article, Illustration
      Lock icon SPH to acquire Eastern Hldgs’ exhibition business
      429 12  -  SPH sees growth in its exhibition business with proposed $43.5m deal By Emilyn Yap emilyny@sph.com.sg Singapore SINGAPORE Press Holdings (SPH) will be acquiring Eastern Holdings’ exhibition business for $43.5 million. According to releases from both companies yesterday, an agreement was inked between SPH’s
      FILE PHOTO  -  429 words
    • Article
      Lock icon ST Engg clinches $66m Brunei deal
      263 12  -  By Glenn Chee gchee@sph.com.sg Singapore SINGAPORE Technologies Engineering (ST Engg), through a consortium formed by marine arm ST Marine and Brunei partner QAF Limited, has won a $66.5 million contract from the Brunei Economic Development Board. The contract, which was awarded following an international
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    • Article
      Lock icon Global Palm Resources’ Q1 net profit soars
      369 12  -  By Emilyn Yap emilyny@sph.com.sg Singapore GLOBAL Palm Resources Holdings yesterday posted a net profit of 11.1 billion rupiah (S$1.7 million) for the first quarter ended March 31. This is 12.6 times the 886.3 million rupiah it earned a year ago. The palm oil
      369 words
    • Article
      Lock icon Enzer to buy Swiber unit Samson
      351 13  -  Its only asset is a US$7.5m vessel By Nisha Ramchandani nishar@sph.com.sg Singapore ENZER Corporation has entered into a sale-and-pur-chase agreement with Swiber Holdings’ wholly owned subsidiary Swiber Engineering (SEL) to acquire SEL’s 100 per cent-owned subsidiary Samson Oceanic. Enzer is buying the entire issued
      351 words
    • Article
      Lock icon SIA to fly daily to Munich, Manchester
      163 13 Singapore SINGAPORE Airlines (SIA) will bump up the frequency of its flights to Munich and Manchester and fly there daily from Sept 1 to meet strong demand. At present, the Singa-pore-Munich-Manchester services operate five times a week. “The fact that we will be
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      Lock icon Page 11 Advertisements Column 1
      29 11 New Project Launching Soon on Paterson Road In the heart of the city Spacious 3 4 bedrooms only TOP SOON Freehold Please call for an appointment 9699 9767/9686 7391
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      2016 13 Q^jackyxed* JACKSPEED CORPORATION LIMITED Registration No: *****0300W (Incorporated In Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 47 Loyang Drive, Singapore *****5 on Monday, 28 June 2010 at 10:00 a.m. to transact the following businesses: ORDINARY
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon The imperative for urban sustainability
      881 14  -  Urbanisation is the new reality for the world’s increasing population, but effective leadership, good governance and integrated solutions will ensure a sustainable way forward from the desk of Andrew Tan Director, Centre for Liveable Cities National Environment Agency THEworldisexperienc-ingunprecedentedur-ban growth, with half the world’s inhabitants
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  • SINGAPORE
    • Article, Illustration
      Lock icon Two more universities set up research centres
      457 15  -  Technical University of Munich focusing on electro-mobiles, Hebrew University of Jerusalem on inflammatory diseases By Chen Huifen xuifen@sph.com.sg SINGAPORE could play a role in transforming the way vehicles are powered and the treatment of inflammatory diseases with the entry of two world-class universities.
      LIANHE ZAOBAO  -  457 words
    • Article
      Lock icon Feedback on property tax bill wanted
      157 15 THE Ministry of Finance (MOF) yesterday launched a public consultation to seek feedback on proposed changes to the Property Tax Act. There will be 12 suggested changes in the draft Property Tax (Amendment) Bill 2010. They are the result of periodic reviews of the
      157 words
    • Article, Illustration
      Lock icon History repeats itself at BT’s Wine Night
      311 15  -  By Olivia Ho oliviaho@sph.com.sg IN 1976, French wines were pitted against Californian wines in a blind tasting, an event that has since become known as the Judgement of Paris. This clash of Old and New World wines was reprised on Thursday at The
      PHOTOS: ARTHUR LEE  -  311 words
    • Article
      Lock icon Big wins for S’pore at Asian freight awards
      180 17 SINGAPORE won big at the 24th Asian Freight and Supply Chain Awards in Shanghai on Thursday. The Port of Singapore took home the “Best Seaport in Asia” award for the 22nd time as well asthe“BestGreenServiceProvider Seaport” award for the first time. Meanwhile,
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    • Article, Illustration
      Lock icon Local author’s picture book wins IPPY silver award
      435 17  -  By Eileen Tay eiltay@sph.com.sg A PICTURE book by a local author has clinched a silver award in the 2010 Independent Publisher Book (IPPY) Awards. It is the third time that Emily Lim has won such an award. And this time, it is
      435 words
    • Article
      Lock icon Job-hopping season coming soon
      405 17  -  Survey shows more Singapore companies expect talented employees to resign this year By Teh Shi Ning tshining@sph.com.sg THE fight for talent has intensified and close to one in two companies here now expect more employees to quit voluntarily this year. Singapore had the highest proportion of
      405 words
    • Article
      Lock icon Contest to design DBS branch takes off
      304 17  -  By Chan Yuping ypchan@sph.com.sg THE general public will get a chance to help design a DBS Bank branch right in the heart of Orchard road. Launched jointly with *SCAPE Co Ltd yesterday, DBS’s “I-Designed-A-Bank” contest will allow participants to co-create its new branch
      304 words
    • Article, Illustration
      Lock icon MBS – Makings of a big star
      802 18  - MBS Makings of a big star IR will help in Singapore’s aspirations to boost tourism numbers and spending in the years to come By Lee U-Wen leeuwen@sph.com.sg D RIVING up the newly opened Bayshore Avenue road, I spotted locals and tourists alike strolling along the adjacent he-lix-shaped bridge, all eager
      AP  -  802 words
    • Article
      Lock icon JV for big jump in mobile payments
      161 18 MASTERCARD and Smart Hub, a subsidiary of Philippine mobile operator Smart Communications, have launched a joint venture (JV) to facilitate mobile payment systems in developing markets. The partnership brings together Smart Hub’s tested mobile payments platform and telecom experience and MasterCard’s global brand,
      161 words
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      Lock icon Page 15 Advertisements Column 1
      27 15 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
      27 words
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      186 16 c c c c C c f I C -/b^Sval d 11 n r lo i v n singap re ASIA 2010 with OCBC TITANIUM 16-20 June Marina Promenade World Cup Screenings c 11 C C c t° e cC L c c c*C r.; m I* I IMH Tribute
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      242 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HAI LECK DEVELOPMENT PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the member(s) of HAI LECK DEVELOPMENT PTE LTD, deemed convened and held at 12 Tuas Drive 1 Singapore *****9 on
      242 words
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      82 18 The New Paper Big Walk is back! the new paper BigWalk Register this weekend (June 12 and 13) at any of the following venues: Singapore Flyer, Sky Deck (car park rooftop) FairPrice Xtra at Jurong Point, FairPrice Xtra at AMK Hub, FairPrice Supermarket at Woodlands Civic Centre Time: 11am to
      82 words
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  • WORLD
    • Article
      Lock icon Late-day swings back in vogue for US stocks
      698 19 Nervous eleventh-hour moves are frequently turning the last hour of trading into a frenzy Reuters New York INVESTING on Wall Street is always a gamble, but determining the direction on any one day for US stocks has increasingly come down to the
      Reuters  -  698 words
    • Article, Illustration
      Lock icon SEC okays circuit breakers for all US exchanges
      671 19 NYT Washington THE Securities and Exchange Commission (SEC) approved rules on Thursday intended to prevent a repeat of last month’s sudden plunge in the markets. The new rules will halt trading in many of the most active shares on major American markets
      NYT; AP  -  671 words
    • Article, Illustration
      Lock icon Tough Wall St bill seen as lawmakers convene
      679 20 It’ll likely include stiffer ‘Volcker rule’ curbing risky bank trading and aggressive new OTC derivatives regulation Reuters Washington US lawmakers proposed no new limits on banks on Thursday as they met to hammer out a final overhaul of Wall Street regulations, but
      Reuters; REUTERS  -  679 words
    • Article
      Lock icon SEC presses Goldman to ‘cry uncle’
      408 20 Reuters New York US securities regulators are hunting for fresh dirt on Goldman Sachs Group Inc, hoping to bolster their lawsuit against the bank and perhaps force it to settle on terms more to the regulators’ liking. Two months ago the Securities and Exchange
      Reuters  -  408 words
    • Article
      Lock icon Boustead Hldgs proposes to acquire Pharmaniaga
      451 21  -  It offers RM534m, or RM5.75 per share, for 86.8% of healthcare firm By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S Boustead Holdings has proposed to acquire 86.81 per cent of local healthcare company Pharmaniaga from the UEM Group for RM534 million (S$228 million) cash or
      451 words
    • Article, Illustration
      Lock icon Top lenders’ merger to create Spain’s biggest savings bank
      483 21 Bloomberg Madrid CAJA Madrid and Bancaja, Spain’s second and third-biggest savings banks, began a merger processthat wouldcreateSpain’s biggest savings bank amid government efforts to shore up the country’s financial system. The boards of the two banks met on Thursday to hear
      Bloomberg; REUTERS  -  483 words
    • Article
      Lock icon Japan PM warns of Greece-like debt crisis
      553 21 AP Tokyo JAPAN’S new prime minister warned yesterday that his country could face a financial mess like the one that has crippled Greece if it did not deal urgently with its swelling national debt. While Japan is on firmer financial footing than Greece
      AP  -  553 words
    • Article, Illustration
      Lock icon Senators want retaliation over China policies
      600 22 They say President Obama’s strategy of quiet diplomacy is producing limited results NYT Washington LEADING senators frustrated by a lack of progress by the Obama administration signalled on Thursday they were willing to consider retaliatory measures to address China’s policies on trade, currency and
      NYT; REUTERS  -  600 words
    • Article, Illustration
      Lock icon China’s May inflation rises, output slows
      411 22 AP Beijing CHINA’S inflation rose in May amid signs its rapid rebound from the global slump is slowing, adding to pressure on Beijing to control politically sensitive food prices and keep growth on track. Consumer prices rose 3.1 per cent from a year earlier,
      AP  -  411 words
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  • SGX
    • Article
      Lock icon Untitled
      8870 23 Transaction date: Jun 11 Transaction date: Jun 11 Transaction date: Jun 11 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 6.5 3148 8Telecom 14.5 14.5 15.5 1.7 12.5 4.7 69.4 10 5.5
      8,870 words
    • Article
      Lock icon SGX CATALIST
      1759 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 $mil 10 5 1181 t AA Grp 6 5 7 33.3 5.8 25 13 8538 t APStrategic 16 unch 30 16 16 16 18
      1,759 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 5 1 0 0 0 10 5 1 Manufacturing 63 33 66 6 6 8 69 39 74 Commerce 12 24 21 1 3 2 13 27 23 Tpt/Stor/Comms 17 13 15
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      846 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 7 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Lereno Bio-Chem Ltd 9-Jun-10 Yap Boh Pin Buy 4000 0.01 2262 0.09 6262 0.13 China Environment Ltd
      846 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 21,742 21,742 66,350 66,350 Manufacturing 201,946 3,224 205,170 151,300 233 151,532 Commerce 60,383 3,211 63,594 68,195 1,106 69,302 Tpt/Stor/Comms 86,601 556 87,157 160,694 75 160,769 Finance 17,674 17,674 189,935 189,935 Construction 18,625 74,603 93,228 3,946
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  • MARKETS
    • Article, Illustration
      Lock icon STOCK MARKETS
      90 27 YTD change: -3.50% 52-week high: 3,037.97 on April 15,2010 52-week low: 2,211.81 on June 23,2009 Source: Bloomberg YTD change:-9.14% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 17,185.90 on July 13,2009 Source: Bloomberg YTD change:-21.58% 52-week high: 3,478.01 on Aug 4,2009 52-week low: 2,481.97 on May 21,2010 Source:
      Source: Bloomberg  -  90 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 10 Index Change Change Change Change Change Change World Index Preliminary 791.5 1.6 -4.9 1.2 -8.4 1.9 -8.4 ‡EAFE Preliminary 732.7 1.3 -6.6 1.1 -14.3 1.7 -14.3 Europe Preliminary 1059.0 1.5
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      Lock icon INTERBANK CURRENCY RATES
      154 27 Jun 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1865 1.1878 0.8444 0.8446 Canadian dollar 1.3589 1.3605 0.9671 0.9674 Euro 1.7013 1.7029 1.2108 1.2109 NZ dollar 0.9590 0.9602 0.6825 0.6828 Sterling pound 2.0634 2.0660 1.4685 1.4691
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      Lock icon LIFFE
      82 27 Jun 10 COCOA (£/tonne) Close Prev High/Low Jul 10 2919 2972 3004/2890 Sep 10 2941 2992 3022/2911 Dec 10 2970 3020 3049/2940 Mar 11 2996 3046 3068/2977 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1473 1383 1477/1380 Sep 10 1473 1407 1475/1395 Nov 10 1491 1421 1493/1412 Jan 11
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      Lock icon CHICAGO BOT
      105 27 Jun 10 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 10 935.00 943.50 952.00 930.50 Aug 10 915.50 920.50 929.50 912.00 Sep 10 899.75 903.25 912.50 896.75 Nov 10 894.75 896.50 906.00 890.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jul 10 36.75 unch 37.12
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      Lock icon PALM OIL
      64 27 Jun 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2549 2525 2560 2540 2672 1822 Jul 10 2449 2430 2462 2430 2124 ***** Aug 10 2407 2386 2419 2379 ***** ***** Sep 10 2385 2360
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      Lock icon OIL
      75 27 Jun 10 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 75.91 0.74 WTI (Near Mth) 75.60 1.67 Dubai (1-Mth F) 73.79 1.78 Tapis blend 78.50 1.90 Minas 77.00 2.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 71.00 0.45 Jet Kerosene 85.00 1.15 US$/barrel Opec Oil Basket Price
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      Lock icon LONDON METALS
      71 27 Jun 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1917.50 1895.00 3 months 1949.00 1928.00 Copper, Grade A (US$/tonne) Cash 6382.25 6311.25 3 months 6410.00 6340.00 Lead (US$/tonne) Cash 1664.50 1661.75 3 months 1684.00 1680.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon METALS
      69 27 Jun 11 GOLD (US$/oz) Jun 10 Jun 11 Hong Kong 1223.*****0.60 Jun 09 Jun 10 London 1224.*****3.90 1225.*****4.65 Source: Thomson Reuters Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.79 25.57 Source: UOB PLATINUM Lon (US$/oz) Jun 10 Close Previous PM Fix 1530.*****7.00 AM Fix 1523.*****0.00 Source: Thomson
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Get-rich-quick schemes: caveat emptor
      1122 28 / 29  -  There are good network marketing companies and bad network marketing companies. Unfortunately, many people join the bad ones. By Bruce Seah By Bruce Seah The writer is a veteran network marketer with 16 years of experience and has written three books on network marketing: ‘Break Free!
      YEN MENG JIIN  -  1,122 words
    • Article
      Lock icon Mathematics – a skill to make the world smarter
      868 28 / 29  - Mathematics a skill to make the world smarter By G Venkatraghavan The writer is managing partner, IBM Global Business Services in Singapore YOUNG people frequently wonder what the most promising jobs of the future will be. The following questions may shed some light: Can you predict when a cell phone
      868 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon A strategy game
        652 30 / 31 Survey shows that hedge fund managers are sticking to the tried and true when it comes to their portfolios Reuters London VOLATILE markets will ensure funds of hedge fund managers stick with macro and distressed debt strategies next quarter but the outlook has brightened somewhat from a
        Reuters; REUTERS  -  652 words
      • BROKERS' TAKE
        • Article
          Lock icon Parkway Life Real Estate Investment Trust
          296 30 / 31 Buy DMG Partners Securities June 11 Close: $1.35 PARKWAY LIFE Real Estate Investment Trust (PREIT) bought six new nursing homes and care facility properties in Japan, for a total of 3.9 billion yen (about S$60.5 million). The acquisition is yield accretive, with net property
          296 words
        • Article
          Lock icon CapitaLand
          349 30 / 31  -  Buy Kim Eng Research June 11 Close: $3.63 Compiled by Jamie Lee WE recently visited CapitaLand’s projects in Hanoi and Ho Chi Minh City (HCMC). The group’s presence in Vietnam is gaining traction, in our view, and management sees opportunities to branch out into providing low-cost affordable housing for
          349 words
      • Article, Illustration
        Lock icon The lure of Liechtenstein
        1314 32  -  The alpine state is offering wealthy Britons a chance to ‘come clean’ on unpaid taxes while the Swiss fight to keep client identities confidential. By Carolyn Bandel and Warren Giles By Carolyn Bandel, Warren Giles Bloomberg Zurich/Geneva LIECHTENSTEIN is luring wealthy Britons by offering them the
        Bloomberg; BLOOMBERG FILE PHOTO  -  1,314 words
      • Article, Illustration
        Lock icon Why money creation is key
        1204 33  -  Without increased spending, we risk a recession. Budget deficits are not a worry as they don’t have to be funded show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder I ATTENDED an interesting CFA luncheon talk yesterday, and
        AFP  -  1,204 words
    • WEALTH REAL ESTATE
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  • Page 34 Advertisements
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      Lock icon Page 34 Advertisements Column 1
      75 34 Sandy Island in Featuring the Prestige Homes Collection What a privilege it is to come home to your very own island. For enquiries 011 Sandy Island, please call George Tan 9792 8913 For general enquiries, kindly call 6836 6888 To arrange for an appointment, please call 6836 3338 or search
      75 words
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  • Page 36 Advertisements
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      43 36 ,>U' v aM- M AIDEMARS PIGLET %\V Le maitre de I'horlogerie depuis 1875 %k MIA N s Pj v R V i iM' v ■W i' i wy ■2< •Si: ™5®»bssk& -t'u: MILLENARY QUINCY JONES SELFWINDING For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com
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      55 1 LivingTHEBUSINESSTIMESWEEKEND|JUNE12-*****0BTTHE BUSINESS TIMES WEEKEND JUNE 12-13 2010 MASH UP Three new enclaves offer a mixed plate of fresh dining options PERSONAL SPACE Secret garden L10-11 SHOPPING Unique selling propositions L8-9 DINING The KL Hawker Guide L6-7 NO HOLDS BARRED Curse of the EPL L16 HEALTH Get fresh L12-13 PHOTO: JOHN
      55 words
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  • BT Living
    • DINING
      • Mash up
        • Article, Illustration
          Lock icon Cosford Road
          719 2/3  -  you can have yourcake plus pizza, crabs, green curry and more and eat it too, all in one spot. Here are three new foodie clusters at your service. The Bunker, 27 Cosford Road House of Seafood, 30 Cosford Road Opening in August By Audrey Phoon TWO large signs
          719 words
        • Article, Illustration
          Lock icon The Foundry
          626 2/3  -  Alley beside 18 Mohamed Sultan Road Fatboy’s Burger Bar Pizza Republic Tiffin North Indian Tandoori Senor Taco By Audrey Phoon aphoon@sph.com.sg IT used to serve as a hideaway for drunken shenanigans after a night out at Madam Wong’s, before it became the outdoor dining area of chi-chi Vietnamese
          626 words
        • Article, Illustration
          Lock icon Rivergate/Robertson Blue
          754 4  -  95 and 86 Robertson Quay Bollicine #01-19 The Rivergate 6509 8509 Bar Bar Black Sheep #01-04 Robertson Blue 6836 9255 By Jaime Ee jaime@sph.com.sg FOR a restaurant, location means everything. River view? Check. Good catchment area of expats in district 10? Check. A nice, quiet location away from
          PHOTOS OF BOLLICINE AND BAR BAR BLACK SHEEP EXTERIORS BY ARTHUR LEE  -  754 words
      • Article, Illustration
        Lock icon Black gold
        1890 6 / 7  -  had our fill ofSinaore’s You your of ofSinaore’s Singapore’s best street food in Living’s hawker guide series that ended in February. Get set then, to head across the Causeway in a fresh new series on hawker food in Kuala Lumpur. Every fortnight, Joyceline Tully trawls through the Malaysian
        PHOTOS BY JOYCELINE TULLY  -  1,890 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon State of the art
        1208 5  -  A self-taught artist inspired by what he sees in his mind’s eye, Koh Tien Gui has exhibited his works at galleries here and abroad. By Olivia Ho weekend with KOH TIEN GUI VICE-PRESIDENT AND SENIOR LEGAL COUNSEL JUMEIRAH Gui has By Olivia Ho oliviaho@sph.com.sg GREATNESS, it
        1,208 words
    • SHOPPING
      • Article, Illustration
        Lock icon Unique selling propositions
        2618 8 / 9  -  IN April this year, luxury juggernaut Richemont bought over Net-a-porter in a deal that valued the hotshot designer shopping website at some £350 million (about S$718 million). Not bad at all for a set-up begun in 2000 by former fashion journalist Natalie Massenet who was convinced that
        2,618 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Secret garden
        1070 10 / 11  -  The positive dynamic between two friends dictated the tone of this unique project. By Geoffrey Eu personal space By Geoffrey Eu btnews@sph.com.sg THIS is the story of a house built on friendship one of the more reliable foundation stones available. Hwang Yee Cheau and Maria Warner Wong met
        PHOTOS BY JOHN HENG  -  1,070 words
    • HEALTH
      • Get fresh
        • Article, Illustration
          Lock icon Zen Na Tai ($198++)
          679 12 / 13  -  Damai Spa, Grand Hyatt Singapore, 10 Scotts Road ?6416 7156 By Melissa Lwee IT has often been said that the way to a man’s heart is through his stomach. Good news then, that the route to good health also follows the same path. Or at least
          679 words
        • Article
          Lock icon Signature Deep Thermal Therapy
          502 12 / 13  -  ($300, 120 min) Leonard Drake, Plaza Singapura outlet 68 Orchard Road, #03-10 ?6339 0855 By Cheah Ui-Hoon THERE’S no doubt that heat is good for the body, as well as mud, and of course, massage. And increasingly, all three elements are being offered in one body
          502 words
        • Article
          Lock icon The Ginger Rub ($195)
          376 12 / 13  -  Bliss Spa, Sephora #01-05/06, Ion Orchard ?6509 3511 By Melissa Lwee GINGER has traditionally been known as an ingredient that has numerous health benefits. In particular, ginger is famous for helping the body to detox. One treatment that is inspired by this idea is the ginger
          376 words
        • Article
          Lock icon Shockwave Puncture (S198, 90 min)
          406 12 / 13  -  Qi Mantra, Great World City, #03-09 1 Kim Seng Promenade ?6836 3582 BT Weekend introduces several detoxification treatments to rejuvenate tired bodies and weary minds. By Cheah Ui-Hoon uihoon@sph.com.sg HERE’S a treatment for the hardcore massage addict, or rather, the highly stressed executive who is
          406 words
        • Article, Illustration
          Lock icon The LuxeDeTox Ritual ($425 before GST)
          356 12 / 13  -  ESTHEVA Spa, #03-25, Ion Orchard ?6509 3900 By Melissa Lwee mellwee@sph.com.sg ESTHEVA gained fame as one of the pioneers to use pure chocolate as an ingredient in their treatments with great success. Its latest treatment, which is set to be another classic, would be
          356 words
    • GADGETS
      • Article, Illustration
        Lock icon SHOW PIECES
        956 14  -  The buzz surrounding the iPhone 4 doesn’t negate PC Show deals. By Christopher Lim By Christopher Lim ALTHOUGH the four-day PC Show 2010 kicked off at Suntec on Thursday with deals galore, the gadget world has been dominated this past week by Apple’s announcement of its new iPhone
        956 words
    • SINGAPORE ARTS FESTIVAL
      • Article, Illustration
        Lock icon An aimless showing
        534 15  -  Projects shown at Open-Studio do not seem to have made use of the extra time given. By Natalie Koh given.By Natalie Koh natksl@sph.com.sg THE aim of Open-Studio was to put the spotlight on the creative process rather than the finished theatrical product. It was also designed to
        FILE PHOTOS  -  534 words
      • Article
        Lock icon wine & dine with BTWeekend
        900 15 wine dine with BTWeekend Chatterbox Level 5 Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with
        900 words
    • SPORT
      • Article, Illustration
        Lock icon Curse of the EPL
        586 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor IS there some sort of curse on the English Premier League (EPL) specifically the reigning champions Chelsea? Injuries have piled up well before the first ball was kicked at the World Cup in South Africa last
        AP  -  586 words
      • Article, Illustration
        Lock icon Will Soccer City or the vuvuzela be pitch perfect?
        634 16  -  kick off with christy simson Christy Simson WHAT are we going to remember this year’s World Cup for? For me, there is always one image that stays in the mind above all others. In 1982 we had Paolo Rossi’s hat-trick when
        634 words
    • GOLF
      • Article, Illustration
        Lock icon Champion in the making
        1195 17  -  The 2010 US Open is a tournament where it’s very tough to predict the winner.By Justin Moss winner.By Justin Moss btnews@sph.com.sg WHEN Thongchai Jaidee tees up at next week’s 110th US Open Championship, it’ll be the first time since 2001 that he has participated in the
        PHOTOS: AP, AFP  -  1,195 words
    • MOTORING
      • Article, Illustration
        Lock icon R is for Revelation
        660 18  -  In the compact Volkswagen Golf range, there is no doubt that the R is the most potent. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE arrival of a new car inevitably brings with it comparisons against its predecessor and a direct competitor. But for the Volkswagen
        660 words
      • Article, Illustration
        Lock icon ABSOLUTE POWER
        566 19  -  Clocking 3.5 seconds from 0 to 100 kmh, the Porsche 911 GT2 RS is one extreme machine. By Samuel Ee machine.By Samuel Ee samuelee@sph.com.sg THEPorscheGT2maybethetop-of-the-line 911, but a more powerful version will push the performance envelope further when it goes into production next month. The rear-wheel-drive Porsche 911
        566 words
      • Article, Illustration
        Lock icon Mates but not friends
        766 20  -  Fans are hoping that some sparks will fly at tomorrow’s Grand Prix du Canada.By Samuel Ee f1 watch Canada.By Samuel Ee samuelee@sph.com.sg “RED Bull gives you wins”, Britain’s The Sun tabloid punned in a headline after one pair of teammates gifted another pair of teammates a
        PHOTOS: AP, AFP  -  766 words
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