The Business Times, 26 June 2010

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Microfilm: NL30704
Total Pages: 46
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 26-27, 2010 S$1.00 MICA (P) 124/08/2009
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  • Article
    Lock icon Marathon bill ends Wall St’s run of fear
    766 1  -  Relief in the industry as horse-trading waters down final version of tough financial reform bill By Andrew Marks btworld@sph.com.sg New York THE feared reforms that have kept Wall Street on edge and nervous for months finally arrived at dawn yesterday. Touted as
    766 words
  • Article, Illustration
    Lock icon Hair? Says Australia’s first bloke
    482 1 AFP Sydney AUSTRALIA yesterday welcomed its inaugural “First Bloke” beer-drinking hairdresser Tim Mathieson, who has been catapulted into the public eye through his relationship with new Prime Minister Julia Gillard. Mr Mathieson featured prominently in media coverage of Ms Gillard’s astonishing unseating of tearful ex-leader
    AFP  -  482 words
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      235 1 the WEALTH Value of disciplined rebalancing 30-31 KL HAWKER GUIDE Nasi lemak L4-5 the raffles conversation THOMAS ARASI, PRESIDENT AND CEO, MARINA BAY SANDS 8-9 tactical move GIC may join Fortis fund-raising IT is putting on hold a preferential investment in the Indian healthcare firm to instead consider taking part
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  • TOP STORIES
    • Article
      Lock icon GIC looks to join Fortis fund-raising
      557 2  -  News fuels market talk about potential impact on battle for Parkway, which has a partial offer from Khazanah By Nisha Ramchandani nishar@sph.com.sg Singapore THE Government of Singapore Investment Corp (GIC) is putting on hold a preferential investment in India’s Fortis Healthcare to instead consider
      557 words
    • Article
      Lock icon MARKETS
      137 2 STI 2,851.64 (+4.03) STI FUTURES 2,852.00 (+4.00) SIMSCI 338.04 (+0.99) SIMSCI FUTURES 338.00 (+0.80) STOCKS Friday Change KL COMP 1,326.45 +0.58 NIKKEI 225 9,737.48 -190.86 HANG SENG 20,690.79 -42.70 SET 793.67 +0.48 JAKARTA 2,947.02 +32.93 MANILA 3,352.46 +18.49 KOSPI 1,729.84 -10.03 SHENZHEN B 578.17 -1.93 MUMBAI IND 17,574.53 -155.71
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    • Article, Illustration
      Lock icon Businesses count the cost of floods again
      473 3  -  Yesterday’s heavy rain causes localised flash floods in a number of areas By Uma Shankari shankari@sph.com.sg Singapore A FRESH round of flash floods hit Singapore yesterday even as businesses were still dealing with the fall-out from last week’s Orchard Road flood. National water
      LAU FOOK KONG/THE STRAITS TIMES  -  473 words
    • Article
      Lock icon GDP upgrades in sight with May industrial output spurt
      670 3 Singapore ANOTHER quarter of double-digit GDP growth is likely in the bag, following May’s scorching 59 per cent pharma-driven industrial output spurt. Indeed, the second quarter is now expected to exceed Q1’s record 15.5 per cent GDP pace after the third
      670 words
    • Article
      Lock icon No miracle on Wall Street
      513 4  -  Banks will still be allowed to do things beyond narrow lending 4® REUTERS BREAKINGVIEWS By James Pethokoukis EVEN near the bitter end, big banks hoped that Congress would pull its best punches. But the regulatory reform bill agreed early on Friday by US House and
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    • Article, Illustration
      Lock icon Octopus Paul predicts German win over England
      343 4 AP Berlin A TWO-YEAR-OLD octopus oracle born in England, but raised inGermany–haspredictedaGerman win over England in tomorrow’s World Cup game. The mollusc named Paul chose a mussel out of a water glass marked with the German flag over a mussel in a glass
      AP; AFP  -  343 words
    • Article, Illustration
      Lock icon Asia will take the US’s lead in financial reform but not special bank tax: MM
      573 5  -  He prefers that S’pore has just two local banks as country is not big enough for three By Siow Li Sen lisen@sph.com.sg Singapore MINISTER MENTOR Lee Kuan Yew said that Singapore would not levy a
      573 words
    • Article
      Lock icon China sets strongest yuan rate in years
      484 5 AFP Reuters Beijing CHINA’S central bank set the strongest yuan exchange rate in years yesterday, as international pressure builds for a stronger currency ahead of the weekend Group of 20 (G-20) summit in Canada. The People’s Bank of China said it set the
      AFP; Reuters  -  484 words
    • Article
      Lock icon China to prick bubble, land softly: Barclays
      404 5  -  By Jamie Lee leejamie@sph.com.sg Singapore CHINA’S economy is likely to experience a soft landing even as the government works to shrink a property bubble, according to a Barclays Capital report. This will be despite housing prices making an expected decline of 20-30 per
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    • Article, Illustration
      Lock icon Diverse planners key to making a city liveable
      823 6  -  Singapore is among the world’s most liveable cities, say women delegates due to attend World Cities Summit here By Uma Shankari shankari@sph.com.sg Singapore LIVEABLE cities are best designed by diverse planners, say high-ranking women due to attend the World Cities Summit in
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      97 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 Home Garden L2-3 Dining L4-7 Shopping L8-9 Style L10-13
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      9 2 ??Gillard pledges to end mining tax row, Page 22
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  • Page 3 Miscellaneous
    • Miscellaneous
      Lock icon Page 3 Miscellaneous Column 1
      45 3 CASCADE DRAW JACKPOT est. THIS MON JACKPOT MUST BE WON Cascade Draw: Group 1 prize, if no winner, will be given to Group 2 winners Sales close at 9pm Draw at 9.30pm at PoMo Towards Community Purpose and Benefit RCB Reg No: *****0202G SINGAPORE m
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      158 4 MATS NOTICES IN THE MATTER OF THECOMPANIES HAPTER50 AND IN THE MATTER OF HIGHLANDER POWER SYTEMSPTE. TD. (Co. egno. *****662N) (InMember oluntar Liquidation) AAtt an Extraordinar Gener Meeting tthe member(s) HIGHLANDER POWER SSYYSTEMSPTE. TD.,deemedconenedand held uasDr Singapor *****9 onhe23r day June20 SPECIAL RESOLUTIONS RESOLVED: (a)That tthe Compan be wwound up
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      76 5 SENIOSA.COAfEj BUNGAEaWSl ■Cove Drive *****/***** sqft. Full seaview berth. Wide frontage. Top quality. ■Cove Drive *****/***** sqft. Full seaview. 40M frontage. 30M Pool. Park 8 cars. ■Cove Grove *****/***** sqft. Unblocked seaview with Pte Berth. Rare. ■Coral Island 6300/7000 sqft. Privacy. Pte berth, only $12.3M. •Treasure Island *****/***** sqft. Best
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | June 21-25, 2010
      • Article
        Lock icon 60% of lease top-up bids approved since 2007
        41 7 As the stock of buildings developed on 99-year leasehold sites sold by the government since the late 1960s gets older, more building owners are expected to apply to the authorities for lease top-ups.
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      • Article
        Lock icon Beijing rules out one-off yuan appreciation
        66 7 CHINA will keep the yuan’s exchange rate at a basically stable level, the central bank said on Sunday, suggesting that the country’s new currency regime will look a lot like the old one. China said on Saturday that it would resume making the yuan
        66 words
      • Article
        Lock icon Markets surge as yuan is given room to move
        68 7 ASIAN currencies and equity markets celebrated China’s astutely timed yuan reform with strong gains on Monday even as Beijing said that abandoning a 23-month peg to the dollar would not result in a drastic revaluation. Still, the yuan registered its biggest
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      • Article
        Lock icon S’pore refineries face new India, China competition
        63 7 CHINA and India added significant oil refining capacity last year, as did Thailand, which poses new competition to Singapore’s oil refineries. Increases of 820,000 barrels per day (or 10.5 per cent) in China and 580,000 bpd (19.5 per cent) in India followed increased
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      • Article
        Lock icon New-look yuan will see Sing $ on song
        45 7 New-look yuan will see Sing on song FOREIGN exchange strategists are bullish about the Singapore dollar and other Asian currencies, following Beijing’s move towards limited revaluation. Analysts expect a small yuan revaluation of around 3 per cent against the US dollar in the coming months.
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      • Article, Illustration
        Lock icon S’pore, M’sia set to settle land issue in 3 months
        88 7 SINGAPORE and Malaysia are poised to resolve the issue of land owned by Malayan Railway in the Republic and move forward to greater economic cooperation. Prime ministers Lee Hsien Loong and Najib Razak on Tuesday agreed to finalise a land
        BLOOMBERG  -  88 words
      • Article
        Lock icon UK wakes up to harshest budget in a generation
        48 7 BRITISH finance minister George Osborne produced the harshest budget in a generation on Tuesday, slashing spending, raising taxes and slapping a levy on banks in a drive to cut a record budget deficit to almost nothing in five years.
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      • Article
        Lock icon Billion-dollar baby to rake it in for Sands
        54 7 MARINA Bay Sands will be a huge money spinner with profit expected to exceed US$1 billion annually. And most of it will be generated by the casino, according to Michael Leven, chief operating officer of Las Vegas Sands, at the official opening
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      • Article
        Lock icon Why MDA stamped out TV ‘exclusives’
        49 7 SINGAPORE’S media regulator has finally broken its silence, turning criticism of its cross-carriage policy on its head. Instead of hurting the pay-TV industry, the Media Development Authority of Singapore says, everyone from consumers to operators and content providers will eventually stand to gain.
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      • Article
        Lock icon CCT may be close to selling StarHub Centre
        41 7 CAPITACOMMERCIAL Trust could be close to selling StarHub Centre, a 10-storey commercial building at Cuppage Road. Sources suggest that GuocoLand could be the frontrunner for the property, which is near Somerset MRT Station.
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      • Article
        Lock icon Fed strikes a sombre note on recovery
        39 7 THE good news is that the interest rate remains unchanged. And that is also the bad news as the US Federal Reserve’s sombre assessment of the economy on Wednesday is spooking investors.
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      • Article
        Lock icon Leadership change at City Harvest Church
        46 7 THERE has been a leadership change at City Harvest Church, which is under investigation by the police. Its founder has taken a backseat while two pastors have been put in charge of running the church until the investigations are completed.
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      • Article
        Lock icon End is near for dollar as prime reserve currency: ADB
        51 7 THE days of the US dollar as the world’s premier reserve currency are numbered and the dollar regime will have to give way to a mul-ti-currency reserve system in which Asian currencies play a key role, says the Asian Development
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    • NEXT WEEK | June 28 – July 2
      • Article
        Lock icon US DATA
        36 7 June 28 May personal income May personal spending June 29 June consumer confidence June 30 June Chicago PMI July 1 May construction spending July 2 June nonfarm payrolls June unemployment rate May factory orders
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      • Article
        Lock icon SINGAPORE DATA
        24 7 June 29 May producer and international trade price indices June 30 May central govt operations Q1 external debt 2009 international investment position
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      • Article
        Lock icon EVENTS
        20 7 June 28 Chongqing, China Taiwan and China expected to sign a landmark trade deal between June 28 and 30
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  • Page 7 Advertisements
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      346 7 CRYPTIC CROSSWORD Across 1 Slave-driver teacher after a job (10) 9 Husband consumed with enmity (4) 10 Sticking to principles, agree to include its reform (10) 11 Car’s crashed by a learner a culpable character (6) 12 Chessmen in defensive situations (7) 15 Orchestra was taken aback by a wood
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Boss of the Bay
      1910 8/9  -  Thomas Arasi is hitting on all cylinders, managing and positioning Marina Bay Sands as a ‘category-killer’. By Lee U-Wen By Lee U-Wen leeuwen@sph.com.sg MANY times during our hour-long conversation, Thomas Arasi waxes lyrical about how much he is enjoying spearheading the management of Singapore’s newest icon,
      YEN MENG JIIN  -  1,910 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”.
      70 words
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  • COMPANIES
    • Article
      Lock icon Sound Global postpones HK dual primary listing
      358 10  -  Decision attributed to current poor market sentiment dual listings| By Nicholas Yeo yeonick@sph.com.sg Singapore SINGAPORE-listed Sound Global, which was known as Epure International before its name change earlier this year, has postponed its proposed dual primary listing on the main board of the
      358 words
    • Article, Illustration
      Lock icon China Gaoxian eyes Korean dual listing, citing richer valuations
      330 10  -  By Rachel Sim rachsim@sph.com.sg Singapore AS China-based Sound Global postponed its proposed dual listing in Hong Kong amid poor market sentiment, another Chinabased group listed in Singapore is eyeing a dual listing in South Korea, citing richer valuations. China Gaoxian Fibre
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    • Article, Illustration
      Lock icon Fund flows reflect uncertain outlook on risk: report
      468 10 Reuters Hong Kong CHINA’S latest yuan policy shift triggered big flows into emerging market assets, but the risk of a second-half global slowdown also caused investors to keep more cash, EPFR Global said in a report yesterday. Of all the funds tracked
      Reuters; AFP  -  468 words
    • Article
      Lock icon Need for risk managers to increase process efficiency
      468 11  -  Survey highlights the challenges they face in meeting Basel reform proposals By Nicholas Yeo yeonick@sph.com.sg Singapore A SURVEY by the Professional Risk Managers’ International Association (PRMIA) highlights the challenges that risk managers face in meeting the Basel financial reform proposals. The reform
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    • Article, Illustration
      Lock icon F&N buys Sydney site for $98m
      350 11  -  By Emilyn Yap emilyny@sph.com.sg Singapore FRASER and Neave (F&N) property arm Frasers Centrepoint has bought a residential site in Sydney, Australia, for A$82.5 million (S$97.8 million). There are plans to turn the 13.7-hectare plot into a community comprising almost 800 homes, a childcare centre,
      FILE PHOTO  -  350 words
    • Article
      Lock icon Withdrawn deals, failed bids at 5-year low
      666 12 Fewer aborted bids is good news for investment banks, which have lost just US$609m in fees so far this year mergers acquisitions| Reuters New York A TOUGH merger and acquisition (M&A) climate can actually make for more iron-clad takeover deals. More bids announced
      Reuters  -  666 words
    • Article
      Lock icon Top Global to raise $125m in 3-for-1 rights, warrants issue
      363 12  -  By Chew Xiang xchew@sph.com.sg Singapore TOP Global, a company run by the younger sister of investor Oei Hong Leong, is looking to raise up to $125 million through a three-for-one issue of rights and warrants to fund new deals in
      363 words
    • Article
      Lock icon Inflation threat very serious: Jim Rogers
      171 12 Bloomberg Mumbai INVESTOR Jim Rogers, chairman of Rogers Holdings, said the threat of inflation is “extremely serious” and the world is in an ongoing bear market for financial assets. Mr Rogers, who predicted the start of the global commodities rally in 1999, is betting
      Bloomberg  -  171 words
    • Article, Illustration
      Lock icon Yuan optimism replaced by Euro, US pessimism
      908 13  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent AT the start of the week, the headline story in the mainstream press was all about China’s de-pegging of its currency, a move that was unanimously proclaimed by brokers to be positive for stocks. Judging by the
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    • Business briefing
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      739 11 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 CLARY SHIPPING PTE LTD (Company Registration No.: *****1348N) IN MEMBERS'VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the abovenamed Company convened and held at 400 Orchard Road #11-06, Orchard Towers, Singapore *****5 on 25 June 2010 at 10.00 a.m.,
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Sustainable city living
      1171 14  -  It is here, in the urban jungle, that the battle against climate change must be won. Fortunately, we have a powerful weapon at our fingertips: energy efficient lighting from the desk of Wong Lup Wai Chairman CEO, Philips Electronics Singapore AS Singapore strengthens its position as a
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  • SINGAPORE
    • Article, Illustration
      Lock icon SBF eyes more deals for members
      444 15  -  The business chamber re-elects Tony Chew as its chairman for the next two years By Felda Chay feldac@sph.com.sg THE Singapore Business Federation (SBF) said yesterday that it helped members clinch $550 million in deals last year, and is looking to better this performance for
      444 words
    • Article, Illustration
      Lock icon Swiss to be caned, jailed for train graffiti
      344 15 Reuters A SINGAPORE court ordered a Swiss man caned and jailed for five months yesterday for spray-painting graffiti on suburban train carriages. Oliver Fricker, 32, was sentenced to the minimum three strokes from a rattan cane and five months in prison after
      Reuters; AP  -  344 words
    • Article, Illustration
      Lock icon Deloitte’s Chaly Mah is new SLA chairman
      392 16  -  He takes over from Greg Seow who completes a second two-year term on July 31 By CHEW XIANG xchew@sph.com.sg DELOITTE Singapore chairman Chaly Mah has been appointed chairman of the Singapore Land Authority, taking over from Greg Seow who completes a second two-year
      392 words
    • Article
      Lock icon Medical data exchange project takes off
      131 16 THE contract to implement phase one of Singapore’s National Electronic Health Record (NEHR) project has been awarded to an Accenture consortium, the Ministry of Health (MOH) said yesterday. Through NEHR, patient medical information can be shared across healthcare providers nationwide. MOH has said that
      131 words
    • Article, Illustration
      Lock icon UBS sees bond trading revenue surge in Asia
      422 17 Doubling and more of FICC revenue is expected in two years or less, says co-head of firm’s investment bank Bloomberg Hong Kong UBS AG, the biggest Swiss bank, aims to more than double revenue at the unit that trades bonds, currencies and
      Bloomberg  -  422 words
    • Article, Illustration
      Lock icon Young local musicians to showcase their talent
      287 17  -  By Jaslene Pang jaspang@sph.com.sg SINGAPOREANS have a chance to support their own young and talented musicians on July 10 at the Esplanade Concert Hall. At a concert organised by HSBC, the Orchestra of the Music Makers (OMM) will perform Mahler’s Second Symphony urrectionandBruch’sViolinConcerto
      287 words
    • Article, Illustration
      Lock icon S’pore inks two supply-chain security deals
      479 18  -  Mutual recognition arrangements with Korea, Canada to help facilitate smoother trade flows By Chan Yuping ypchan@sph.com.sg SINGAPORE Customs signed mutual recognition arrangements (MRAs) with its Canadian and South Korean counterparts yesterday to help facilitate smoother trade flows and strengthen Singapore’s position as an international
      479 words
    • Article
      Lock icon Research project proposals invited
      192 18  -  By Eileen Tay eiltay@sph.com.sg PROPOSALS may now be submitted for the sixth Competitive Research Programme (CRP) organised by the National Research Foundation (NRF). Applications can be made in all areas of science and technology. Applicants must submit a white paper that describes their research proposal, objectives
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      403 15 MAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 JULIA SHIPPING (PTE) LTD (Company Registration No.: *****0493W) IN MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the abovenamed Company convened and held at 400 Orchard Road #11-06, Orchard Towers, Singapore *****5 on 25 June 2010 at 10.30
      403 words
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      Lock icon Page 16 Advertisements Column 1
      65 16 Hurry! ONLY 800* SPOTS LEFT Register this Saturday (June 26) at The Singapore Flyer, Sky Deck (carpark rooftop) Time: 11am to 8pm Fee: $10 per participant the new paper BigWalk Registration closes when all slots are taken with The New Paper masthead for that day $2off off $1 with Anlene
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      Lock icon Page 16 Advertisements Column 2
      24 16 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      24 words
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      33 18 Lianhe Zaobao 80 to 100 Drivate residential Duyers pay fully in cash each year 22 22 22 se t 5 2222 >222 22 22 sc OOA To subscribe/call 6388-3838 or go to sphsubscription.com.sg
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  • WORLD
    • Article, Illustration
      Lock icon Brazil and Portugal go through
      644 19 Ivory Coast fails to make the last 16 despite beating North Korea 3-0 world cup Reuters AP Nelspruit, South Africa IVORY Coast fell short of their goalchase to make the last 16 at the World Cup as they beat North Korea 3-0 in their Group
      Reuters; AP; REUTERS  -  644 words
    • Article
      Lock icon Luxury resort for pets opens at Disney World
      218 19 Reuters Los Angeles A NEW luxury resort opening at Walt Disney World Resort in Florida boasts air-conditioned suites with televisions and a water park, but this resort is a bit different it’s for dogs and cats. The new Best Friends Pet Care
      Reuters  -  218 words
    • Article
      Lock icon 1st quarter growth revised upwards to 2.7%
      344 19 latest us data Bloomberg Washington THE US economy grew at a 2.7 per cent annual rate in the first quarter, less than previously calculated, reflecting a smaller gain in consumer spending and a bigger trade gap. The revised increase in gross domestic product
      Bloomberg  -  344 words
    • Article, Illustration
      Lock icon China shows ‘bad faith’: Krugman
      507 20 Move on yuan just before this weekend’s G-20 summit aimed at averting pressure to strengthen currency Bloomberg Tokyo NOBEL laureate Paul Krugman says China’s pledge to make the yuan more flexible is an “exercise in bad faith” intended to fend off international pressure for a
      Bloomberg; AFP  -  507 words
    • Article
      Lock icon China seeks political victory with Taiwan trade pact
      638 20 Reuters Taipei CHINA is giving Taiwan everything it wants in a landmark trade deal and asking little in return, as it seeks to charm the island with economic sweeteners in its quest for a political deal to end decades of hostility. But
      Reuters  -  638 words
    • Article, Illustration
      Lock icon Core consumer prices in Japan fall again in May
      526 21  -  Rising doubts about PM Kan’s ability to pull country out of deflation by fiscal 2011 By Anthony Rowley btworld@sph.com.sg Tokyo CORE consumer prices in Japan fell for a 15th consecutive month in May and while the fall was slightly less than
      REUTERS  -  526 words
    • Article
      Lock icon Pay raises at IMF and World Bank draw criticism
      590 21 LAT-WP Washington AUSTERITY may be the new reality for public employees in the developed world, whether it is pay cuts in Greece, layoffs in Germany or pension reform in Britain. But the International Monetary Fund (IMF) and the World Bank have
      LAT-WP  -  590 words
    • Article
      Lock icon Gillard pledges to end mining tax row
      678 22 New Aussie PM also assures Washington that Australia is committed to Afghanistan Reuters Canberra NEW Australia Prime Minister Julia Gillard started her first full day in office pledging to end a mining tax row threatening US$20 billion in investment and assuring Washington that
      Reuters  -  678 words
    • Article, Illustration
      Lock icon Michael Jackson estate decides to keep rights to Beatles songs
      585 22 Bloomberg New York EXECUTORS of Michael Jackson’s estate have decided to keep a 50 per cent stake in a music publishing venture with rights to more than 250 songs by the Beatles, two people with knowledge of the situation said.
      Bloomberg; AFP  -  585 words
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  • SGX
    • Article
      Lock icon Untitled
      8860 23 Transaction date: Jun 25 Transaction date: Jun 25 Transaction date: Jun 25 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 7.5 3148 8Telecom 16 15.5 16.5 1.7 11.3 5.1 76.6 10 5.5
      8,860 words
    • Article
      Lock icon SGX CATALIST
      1753 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 $mil 10 5 1181 t AA Grp 6 5 7 33.3 5.8 25 13 8538 t APStrategic 18 unch 187 18 16 16.5 18
      1,753 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 6 2 0 0 0 10 6 2 Manufacturing 54 54 59 6 1 8 60 55 67 Commerce 16 15 26 3 2 3 19 17 29 Tpt/Stor/Comms 18 14 11
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      833 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 21 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Hotung Invest Hldgs 24-Jun-10 Cheng-Wang Huang *Sell 1098 na *****2 15.17 *****4 15.07 Hotung Invest Hldgs 24-Jun-10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,673 28,673 83,375 83,375 Manufacturing 278,146 10,644 288,790 156,784 408 157,192 Commerce 75,549 5,699 81,248 95,623 2,055 97,678 Tpt/Stor/Comms 76,712 1,314 78,026 132,374 189 132,563 Finance 21,970 50 22,020 205,855 6 205,861 Construction 11,257 4,106
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  • MARKETS
    • Article, Illustration
      Lock icon STOCK MARKETS
      90 27 YTD change:-1.59% 52-week high: 3,037.97 on April 15,2010 52-week low: 2,235.45 on July 8,2009 Source: Bloomberg YTD change: -5.40% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 17,185.90 on July 13,2009 Source: Bloomberg YTD change:-22.10% 52-week high: 3,478.01 on Aug 4,2009 52-week low: 2,481.97 on May 21,2010 Source:
      Source: Bloomberg  -  90 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 24 Index Change Change Change Change Change Change World Index Preliminary 796.8 -1.1 -4.3 -0.8 -7.7 -0.9 -7.1 ‡EAFE Preliminary 739.9 -1.2 -5.7 -0.6 -12.3 -0.7 -11.7 Europe Preliminary 1061.4 -1.8
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jun 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2047 1.2064 0.8648 0.8653 Canadian dollar 1.3376 1.3397 0.9602 0.9609 Euro 1.7185 1.7203 1.2337 1.2339 NZ dollar 0.9829 0.9840 0.7056 0.7058 Sterling pound 2.0795 2.0815 1.4928 1.4930
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      Lock icon LIFFE
      82 27 Jun 24 COCOA (£/tonne) Close Prev High/Low Jul 10 2541 2500 2548/2493 Sep 10 2436 2400 2440/2386 Dec 10 2275 2270 2287/2260 Mar 11 2237 2234 2243/2219 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1622 1551 1661/1551 Sep 10 1649 1580 1694/1580 Nov 10 1656 1590 1694/1590 Jan 11
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      Lock icon PALM OIL
      66 27 Jun 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2452 2451 2456 2450 697 6038 Aug 10 2411 2409 2414 2407 1868 ***** Sep 10 2389 2384 2389 2380 3914 ***** Oct 10 2374 2373
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      Lock icon CHICAGO BOT
      105 27 Jun 24 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 10 955.50 958.00 965.00 955.25 Aug 10 939.75 946.00 951.75 939.75 Sep 10 920.25 930.00 934.75 920.00 Nov 10 912.00 923.50 927.75 910.75 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jul 10 37.17 37.59 37.77
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      Lock icon OIL
      75 27 Jun 24 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 75.96 -0.30 WTI (Near Mth) 76.23 0.60 Dubai (1-Mth F) 74.34 -1.71 Tapis blend 79.90 -2.00 Minas 79.10 -1.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 71.00 -1.27 Jet Kerosene 87.50 -1.85 US$/barrel Opec Oil Basket Price
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      71 27 Jun 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1936.00 1908.75 3 months 1965.00 1941.00 Copper, Grade A (US$/tonne) Cash 6666.50 6487.50 3 months 6694.00 6515.00 Lead (US$/tonne) Cash 1796.25 1790.75 3 months 1820.00 1815.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      66 27 Jun 25 GOLD (US$/oz) Jun 24 Jun 25 Hong Kong 1233.*****3.20 Jun 23 Jun 24 London 1230.*****5.15 1231.*****5.90 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.03 25.80 Source: UOB PLATINUM Lon (US$/oz) Jun 24 Close Previous PM Fix 1549.*****5.00 AM Fix 1543.*****8.00 Source: Thomson Reuters PLATINUM NYMEX
      66 words
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  • PERSPECTIVE
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      Lock icon Bangkok bouncing back from crisis
      1629 28 / 29  -  After a massive citizen clean-up, street life in the Thai capital is, for all intents, back to normal. However, an uneasy calm still hangs over the city. By Vijay Verghese By Vijay Verghese The author is editor of ‘SmartTravel Asia’, an online travel magazine, from
      REUTERS  -  1,629 words
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      Lock icon No quick way out of Afghanistan
      884 28 / 29  -  Leon Hadar Washington correspondent OFFICIAL Washington has been riveted in recent days by a bureaucratic infighting inside the Obama administration that ended with the abrupt relief on Wednesday of General Stanley McChrystal of his command in Afghanistan. Gen McChrystal’s boss, General David Petraeus, commander
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  • Wealth
    • HEALTH INVESTING
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        Lock icon Dollar cost averaging
        1026 30 / 31  -  One lesson from the crisis: Set up a plan and be disciplined on rebalancing your portfolio. By Genevieve Cua By Genevieve Cua IN the midst of the 2008 crisis and shortly in its aftermath, many advisers and strategists shunned the buy-and-hold approach to investments and cal”approach,whichbasically involves
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      • BROKERS' TAKE
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          Lock icon Singapore Drill Bits
          574 30 / 31  -  Citi Investment Research June 24 Compiled by Jamie Lee Supply risks: The drilling moratorium has idled 33 rigs in the Gulf of Mexico (GoM) and concerns have emerged on whether this overhang will impact other regions, resulting in falling day rates and reduced E&P capex. Our channel
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        Lock icon Irrational fear, exuberance, are investors’ enemies
        1132 32  -  Many lose the courage to sit through a major market correction, resulting in mass selling, which drives prices down and increases losses wealth insights Vasu Menon Vice-President Wealth Management Singapore, OCBC Bank IN a December 5, 1996 speech, former US Federal Reserve chairman Alan
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        Lock icon On autonomy, mastery and purpose
        1520 33  -  Money is a motivator but science has shown that there are other factors that lead to better performance show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder A teacher friend who is on her summer holiday has some
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    • WEALTH REAL ESTATE
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      64 34 Featuring the Quality Homes Collection Five Chancery. Redefining Exclusivity. For enquiries: Lawrence Chia 9617 2884, lchia@savills.com.sg Jeffrey Goh 9387 3372, jtgoh@savills.com.sg To arrange for an appointment to view our sales gallery, please call 6836 or search with us at residential.savills.com.sg savills 5f§ Iff 33: Savills lias more than 200 offices
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      26 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
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      46 1 KL HAWKER GUIDE Nasi lemak L4-5 DINING Culinary crossovers L6-7 LivingBTTHEBUSINESSTIMESWEEKEND|JUNE26-*****0BTTHE BUSINESS TIMES WEEKEND JUNE 26-27 2010 THE TEST OF TIME Marc Newson reinvents the hourglass WELLNESS Material health L14-15 SHOPPING Altered states L8-9 PHOTO: P JONER MOTORING Ghost rider L18 STYLE Menswear Spring 2011 L10-11
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  • BT Living
    • DESIGN
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        Lock icon THE TEST OF TIME
        1375 2 / 3  -  His work may forecast a futuristic aesthetic, but Marc Newson’s designs bear a time-honoured authenticity. By Lim Sio Hui By Lim Sio Hui btnews@sph.com.sg MARC Newson eats quickly, asking after his lunch companions in between brisk mouthfuls. He’s gone from a 13 hour flight from London
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    • DINING
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        Lock icon Grain of truth
        1580 4 / 5  -  The best nasi lemak stalls in KL and PJ reveal light and fluffy rice delicately perfumed with coconut, accompanied by a host of rich side dishes. By Joyceline Tully dishes. By Joyceline Tully btnews@sph.com.sg KAMPONG Bahru is possibly the oldest Malay residential enclave in Kuala Lumpur’s city
        PHOTOS BY JOYCELINE TULLY  -  1,580 words
      • CULINARY CROSSOVERS
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          Lock icon Egg3 Cafe
          736 6 / 7  -  Block D, Mountbatten Centre, #01-06 231 Mountbatten Road ?6241-3823 From homewares, musical instruments and furniture, to pasta, bento sets and crab cakes these retail stores are opening their own eateries and entering the F&B realm By Audrey Phoon aphoon@sph.com.sg MUCH like the shoppers who pop into his quirky
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          Lock icon E Food and Wine
          667 6 / 7  -  6C Dempsey Road ?6475-8806 Open Tuesday to Friday 11am to 11pm, Saturday 8am to 11pm and Sunday 8am to 7pm. The restaurant will open daily from mid-July By Geoffrey Eu E IS no ordinary letter of the alphabet to John Erdos. Apart from being the initial
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          Lock icon Music Cafe by Swee Lee
          522 6 / 7  -  #03-02 *SCAPE, 2 Orchard Link ?6493-7667 Open from 11am to 1am (3am on weekends) By Geoffrey Eu btnews@sph.com.sg Music Cafe by Swee Lee isn’t especially cool-sounding for a music-themed restaurant in the heart of Orchard Road, but for generations of local musicians, the name speaks
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    • SHOPPING
      • Altered states
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          Lock icon Haute Alteration Initiative (opens early July)
          938 8 / 9  - Haute Alteration Initiative opens early July) Great goods for the greater good that’s what these businesses, leading a charge in social responsibility, are offering the savvy consumer. #03-20 Mandarin Gallery, 333A Orchard Road ?8228 0020 By Audrey Phoon aphoon@sph.com.sg IT wasn’t too long ago that Josephine Ng and her husband
          PHOTOS OF HAUTE ALTERATION, CHOOSE BY YEN MENG JIIN  -  938 words
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          Lock icon echo
          787 8 / 9  -  #02-12 Wheelock Place 6733 1188 By Melissa Lwee mellwee@sph.com.sg FORGET recycling. The latest buzzword in eco circles is upcycling: the process of re-engineering wastebound materials into lifestyle products of much higher value and desirabilty. Thanks to a growing number of talented designers who have been taking waste material think
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          Lock icon CHOOSE
          726 8 / 9  -  26A Sago Street ?6323 0651 By Melissa Lwee WHILE there are those who fancy the idea of leading a more environmentally friendly life, actually doing so isn’t the easiest of tasks in Singapore, where “green” retail is still in its infancy. Or so it might have been until Singapore’s
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    • STYLE
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        Lock icon SENSE AND SENSIBILITY
        1434 10 / 11  -  In Milan this summer, collections were more about quality and commercial value rather than creativity and drama. By Daniel Goh By Daniel Goh btnews@sph.com.sg A MOOD of seriousness seemed to mark the summer 2011 menswear season, as designers in Milan unveiled collections that were more about quality
        PHOTOS: AFP, AP  -  1,434 words
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        Lock icon And the music plays on
        872 12 / 13  -  Glastonbury Festival celebrates its 40th anniversary this weekend. BT looks at the world’s largest music festival through the eyes and lens of photographer Venetia Dearden. By Audrey Phoon By Audrey Phoon EVERY June, Venetia Dearden sets up a tent on a farm in the small
        PHOTOS BY VENETIA DEARDEN  -  872 words
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        Lock icon wine & dine with BTWeekend
        902 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
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    • BEAUTY & WELLNESS
    • SPORT
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        Lock icon Best is yet to come from Messi
        630 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor THE biggest surprise at this year’s World Cup is not the fact that former champions France and Italy have fallen at the first hurdle. Nor that the USA managed to top its group
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        Lock icon Match made in heaven
        901 16  -  grand slam with andrew leci andrew jeci SIX hours and 33 minutes. That’s how long it took Fabrice Santoro and Arnaud Clement to sort out their differences at the 2004 French Open. At the time, it was the longest tennis match ever played in the Open
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    • GOLF
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        Lock icon The Princess of Japanese golf
        1026 17  -  Ai Miyazato is having her best year ever, capping wins in Thailand and Singapore with the LPGA Classic trophy. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN Ai Miyazato lifted the trophy last Sunday at the ShopRite LPGA Classic in New Jersey, her fifth victory
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    • MOTORING
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        Lock icon THE GHOST RIDER
        677 18  -  Samuel Ee finds out what life is like from the back seat of the new Rolls-Royce Ghost Samuel Ee samuelee@sph.com.sg IT MAY be dubbed the baby Rolls, a super luxury limousine that is more dynamic and driver-orient-ed.But one thing is for sure the new Rolls-Royce Ghost will
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        Lock icon New Polo hits the sweet spot
        490 19  -  The Volkswagen Polo Sport 1.2 TSI has a brand new engine with integrated turbo. By Samuel Ee By Samuel Ee samuelee@sph.com.sg WHEN Volkswagen introduced the new Polo late last year, it looked sweetbut thedrive didn’treally offer anything close to a sugar high. Until now.
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        Lock icon Golfing green
        434 19  -  On the eco front, the Volkswagen Golf 1.2 TSI is a clear winner. By Samuel Ee By Samuel Ee samuelee@sph.com.sg WITH its already small turbocharged engines offering respectable power and excellent fuel economy, the last thing you would have expected from Volkswagen was to reduce the displacement further.
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        Lock icon Football fever hits F1
        552 20  -  Rumour has it Bernie Ecclestone is planning some light entertainment before the race in Valencia. By Samuel Ee f1 watch| By planning Samuel Ee samuelee@sph.com.sg ANECDOTAL evidence suggests that footballhas triumphed over F1,or at least temporarily. Although pundits have long theorised that F1 fans and football
        PHOTOS: REUTERS, AP  -  552 words
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