The Business Times, 27 August 2010

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Microfilm: NL30858
Total Pages: 80
1 50 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, August 27,2010
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  • Article
    Lock icon Developer with colourful past poised for a delisting
    813 1  -  HK Land making exit offer to MCL shareholders at $2.45 apiece, a 25.6% premium to Tuesday’s price By KALPANA RASHIWALA [SINGAPORE] An established property developer with a memorable corporate history is headed for an exit from the Singapore Exchange. Hongkong Land is
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  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,925.87 (-0.68) ST INDEX FUTURES 2,922 (-4) SIMSCI 344.44 (+0.04) SIMSCI FUTURES 344.00 (-0.40) FOREX US$ S$ US$ (S$ per US$) 1.356 (US$/S$ per 1.555 2.108 EURO (US$/S$/E) 1.271 1.723 Foreign currency per US$ S$ YEN 84.70 62.50 RM 3.142 2.318 HK$ 7.777 5.736 BAHT 31.39
    141 words
  • Article, Illustration
    Lock icon IN A BLAZE OF GLORY
    88 1 [SINGAPORE] After 12 days of intense competition that saw many triumphs and heartaches among the athletes, the Singapore 2010 Youth Olympic Games drew to a close last night. But sports was not the only winner. Tourism and businesses won too. Of the $387 million spent
    REUTERS  -  88 words
  • Article
    Lock icon Housing costs, school places temper optimism of US firms
    455 1  -  American Chamber survey finds increased optimism, and also challenges By TEH SHI NING [SINGAPORE] Many more American companies here are now expecting profit and headcount growth, compared to a year ago. But housing costs, office rentals and international school places have
    455 words
  • Article
    Lock icon Taking no second chance on gambling
    574 1  -  By VEN SREENIVASAN [SINGAPORE] If you are a key staff member of main-board-listed Second Chance Properties, forget about going to the casino. The company which announced a whopping 53 per cent surge in net profit and dividend payout of over 11 per cent yesterday
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      59 1 WINE Magic of Pinot Noir FESTIVALS AROUND THE WORLD Celebrating eternal love in China PAGE 30 TECHNOLOGY Powering up your iPad with the right app PAGE 27 PAGE 28 JAPAN The Ozawa challenge PAGE 4 YOG part of a larger game plan of repositioning S’pore, Page 9 LUXURY CRUISES The
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      11 1 TheBusinessofTime Don’t miss our 48-PAGE WATCH that comes with today’s BT
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  • TOP STORIES
    • Article, Illustration
      Lock icon Better deal on Sports Hub loans
      601 2  -  Repayment in 10 years, with option to refinance any time By LEE U-WEN [SINGAPORE] The global financial crisis may have wreaked havoc on Singapore’s plans to build its long-delayed Sports Hub but it has proven to be a blessing in disguise as far as
      FILE PHOTO  -  601 words
    • Article
      Lock icon Genting surprises with 7.8% drop in Q2 net
      396 2  -  By S JAYASANKARAN MALAYSIAN casino, power and plantations conglomerate Genting announced a surprising 7.8 per cent slide in its second-quarter net profit yesterday. For the quarter to end-June, the company which holds a 52 per cent interest in Genting Singapore announced a
      396 words
    • Article
      Lock icon US absence at Asean trade meeting criticised
      448 2 Senator, think tank also blast failure to name envoy to bloc Bloomberg AFP [BANGKOK] The US absence at an Association of Southeast Asian Nations trade meeting and the Obama administration’s failure to name an ambassador to the bloc drew criticism from Senator Richard
      Bloomberg; AFP  -  448 words
    • Article
      Lock icon Shareholders get to nominate directors: SEC
      716 2 Firms must now put investor board candidates on proxy statements Bloomberg [WASHINGTON] US regulators will let investors owning 3 per cent of a company nominate directors on corporate ballots, a step that may help shareholders oust board members accused of overpaying executives and failing
      Bloomberg  -  716 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Developer with colourful past poised for a delisting
        76 2 AN established property developer with a memorable corporate history is headed for an exit from the Singapore Exchange. Hongkong Land is proposing to voluntarily delist its 77.4 per cent-owned subsidiary MCL Land and is proposing to buy all the shares it does
        76 words
      • Article
        Lock icon Taking no second chance at gambling
        65 2 IF you are a key staff member of mainboard-listed Second Chance Properties, forget about going to the casino. The company which posted a whopping 53 per cent surge in net profit and dividend payout of over 11 per cent yesterday also surprised the market
        65 words
      • Article
        Lock icon Better deal on Sports Hub loans
        93 2 THE global financial crisis may have wreaked havoc with Singapore’s plans to build its long-delayed Sports Hub, but there has now been a blessing in disguise as far as the project’s financing is concerned. Under a new deal signed on Wednesday by the Singapore
        93 words
      • Article
        Lock icon Genting surprises with 7.8% drop in Q2 net
        63 2 MALAYSIAN casino, power and plantations conglomerate Genting announced a surprising 7.8 per cent slide in its second-quarter net profit yesterday. For the quarter to end-June, the company which holds a 52 per cent interest in Genting Singapore announced a net profit of
        63 words
      • Article
        Lock icon Ozawa to challenge Kan for PM job
        55 2 ALREADY facing the prospect of currency and economic crises, Japan is about to be plunged into political turmoil too as political heavyweight Ichiro Ozawa yesterday revealed his intention to challenge Naoto Kan as prime minister and leader of the ruling Democratic Party of
        55 words
      • Article
        Lock icon NOL sells $280 million in 10-year bonds
        71 2 NEPTUNE Orient Lines yesterday sold $280 million worth of 10-year, Singapore-dollar bonds, the latest in a series of bond sales by companies here eager to lock in long-term funding while interest rates are low. As with several other recent bond issues by big
        71 words
      • Article
        Lock icon Ying Li buys Chongqing site for 697m yuan
        51 2 SINGAPORE-LISTED Ying Li International Real Estate said yesterday it has acquired a commercial development site in China’s Chongqing city for 697 million yuan. It has also obtained credit facilities of up to US$200 million from Standard Chartered Bank (China). COMPANY NEWS, PAGE
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      • Article
        Lock icon Industrial output up 9.9% in July
        65 2 SINGAPORE’S industrial output rose 9.9 per cent year on year in July 2010, driven by 24.5 per cent growth in the electronics cluster. But economists pointed out that the pace of year on year growth is down from May’s 59.4 per cent and June’s
        65 words
    • Article, Illustration
      Lock icon Ozawa to challenge Kan as PM and DPJ leader
      769 4  -  Veteran’s decision may add to sense of impending crisis in Japan: analysts By ANTHONY ROWLEY ALREADY facing the prospect of currency and economic crises, Japan is about to be plunged into political turmoil too as political heavyweight Ichiro Ozawa yesterday revealed
      AP  -  769 words
    • Article
      Lock icon Wall Street’s concerns over anaemic US economy resurface
      707 4  -  By in New ANDREW MARKS THE disappointment and concern over the anaemic US economic recovery that have largely dominated recent nervous trading on Wall Street were back in force on Wednesday, after a Commerce Department report showed orders for durable goods barely
      707 words
    • Article
      Lock icon Obama holds economic talks with advisers
      304 4 Conference call held with top officials to discuss risk of new downturn Reuters AP [VINEYARD HAVEN, Massachusetts] US President Barack Obama held a conference call with top economic advisers on Wednesday to discuss newly released grim data that has raised fears the economy is
      Reuters; AP  -  304 words
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      Lock icon Page 2 Advertisements Column 1
      136 2 Manufacturing equipment and raw material for sale Following the closure of Bridgestone Australia Ltd's tyre manufacturing facilities in Australia, a selection of surplus equipment and raw material is available for purchase. These assets will be for sale via a tender process and viewings at the Australian factory can be coordinated
      136 words
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      28 2 ircwffni rl i-l I I I I I I I 7M I M te JERRY LUM Marketing Director, MBA, CES 55'. HP: 8288 0098 View: jerrylum.myweb.sg ft** A
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      97 3 60 th Anniversary Bias Cut Evening Wear CHRIS T I AN DIOR ACQUIRED IN 2007 by Mrs Rany Moran, Businesswoman t Some relationships are timeless. S.C. Shopping Centre ALFRED DUNHILL BERLUTI BURBERRY CARTIER CELINE CHANEL CHANEL WATCH AND JEWELLERY CHLOE CHOPARD CHRISTIAN DIOR CHRISTIAN LOUBOUTIN FENDI HUGO BOSS JO MALONE
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      49 4 carouCel > i. M I INTRIGUING INGENIOUS IMAGINATIVE AVANT-GARDE CUISINE AT CAROUSEL R ill Dece e overw dinner at ROYAL PLAZA ON s c OTTS WHAT CAN WE DO FOR YOU 25 Scotts Road Singapore *****0 www.royalplaza.com.sg Tel: (65) 6589 7799 Fax: (65) 6589 7819 Email: carousel@royalplaza.com.sg slaone PEOPLE CHOICE
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon NOL sells $280 million of bonds amid strong demand
      664 5  -  No sign of easing in Singapore-dollar bond issuance, says DBS By CONRAD TAN NEPTUNE Orient Lines (NOL) yesterday sold $280 million worth of 10-year, Singapore-dollar bonds, the latest in a series of bond sales by companies here eager to lock in
      FILE PHOTO  -  664 words
    • Article
      Lock icon Federal Int’l unit loses appeal against ruling
      419 5  -  By GRACE LEONG THE Singapore High Court yesterday dismissed an appeal by an indirect subsidiary of Federal International (2000) Ltd to overturn a judgment awarding damages to a Singapore commodities trading house. Alton International Resources Pte Ltd last month was ordered by the
      419 words
    • Article
      Lock icon F&N subsidiary buys 23.1% stake in CHB for RM54.6m
      442 5  -  Move a bid to strengthen its food products portfolio By TEH SHI NING FRASER and Neave (F&N) Limited’s Bursa-listed subsidiary is buying a 23.1 per cent stake in Cocoaland Holdings Berhad (CHB) for RM54.6 million (S$23.6 million), in a bid to
      442 words
    • Article, Illustration
      Lock icon Olam’s Q4 net almost doubles to $92.3m
      534 7  -  By FELDA CHAY HIGHER sales and commodity prices helped Olam International almost double its fourth-quarter net profit to $92.3 million. The commodity supply chain manager saw revenue jump 31.1 per cent year-on-year to $3.2 billion for Q4 ended June 30. The results translate
      FILE PHOTO  -  534 words
    • Article
      Lock icon Centillion reports loss for fourth year running
      431 7  -  US operations a big drag as company narrows loss to $19.3m By LYNETTE KHOO CENTILLION Environment Recycling stayed in the red for the fiscal year ended June 30 for the fourth consecutive year, dragged by losses in its US operations. The electronics recycler
      431 words
    • Article
      Lock icon Ying Li acquires Chongqing site for RMB697m
      416 7  -  The developer also lines up bank credit of US$200m to pursue expansion By FELDA CHAY SINGAPORE-listed Ying Li International Real Estate said yesterday it has acquired a commercial development site in China’s Chongqing city for 697 million renminbi (S$139.5 million). It added in
      416 words
    • Article, Illustration
      Lock icon Eu Yan Sang posts 47% jump in earnings to $19.2m
      469 8  -  Higher retail sales in its three markets of S’pore, HK and M’sia boost revenue 10% By NISHA RAMCHANDANI HEALTHCARE company Eu Yan Sang International posted a 47 per cent year-on-year increase in net profit to $19.2 million for the financial
      FILE PHOTO  -  469 words
    • Article
      Lock icon UniFiber rejects CMEC’s claim
      334 8  -  By JAMIE LEE UNITED Fiber System has disputed claims by China National Machinery Equipment Import Export Corporation (CMEC) over a US$19.7 million debt allegedly owed to CMEC. The pulp production and construction company is also fighting to stop CMEC winding up the company over CMEC’s claim
      334 words
    • COMPANY BRIEFS
      • Article
        Lock icon SPH websites bag 29 awards
        50 8 NEWS and lifestyle websites of Singapore Press Holdings (SPH) received 29 awards in the Hitwise Top 10 Rankings in the first half of the year, said SPH yesterday in a media statement. AsiaOne.com, Zaobao.com, ST701.com, HardwareZone.com and STOMP took top spots in their respective categories.
        50 words
      • Article
        Lock icon Armarda places out shares
        49 8 ARMARDA Group said it has agreed to privately place 400 million new shares at HK$0.10 each. The company plans to use the net proceeds of HK$39 million (S$6.8 million) to fund investment opportunities or acquisitions as well as for general corporate and working capital purposes.
        49 words
      • Article
        Lock icon Wilmar unit buys rest of Natoleo
        73 8 WILMAR International said its subsidiary PGEO Group has agreed to buy the remaining 8.62 per cent of Natoleo from National Land Finance Co-operative Society, for RM42.45 million (S$18.4 million) or RM2.41 per share, which is the same price per share it paid for its
        73 words
      • Article
        Lock icon KLW bags US$3.1m order
        25 8 KLW Holdings said yesterday it has secured a US$3.1 million order to supply doors for a residential-and-retail development in Abu Dhabi.
        25 words
      • Article
        Lock icon Lum Chang earnings double
        67 8 LUM Chang Holdings reported yesterday that its net profit for the full year ended June 30, 2010, more than doubled from a year ago to $25.24 million. This was despite a 13 per cent year-on-year drop in revenue to $198.01 million. The construction and property related
        67 words
      • Article
        Lock icon Eastgate shareholder sells stake
        31 8 EASTGATE Technology has lost a substantial shareholder after Sim Yew Heng sold the 7.42 per cent stake through a married deal on Tuesday, the firm said yesterday.
        31 words
    • Article
      Lock icon PEC’s Q4 net more than doubles to $10.8m
      403 8  -  This was despite a 1 dip in revenue from $125.9m last year to $124.5m By MELISSA TAN PLANT and terminal engineering specialist PEC yesterday posted a fourth quarter net profit of $10.77 million, a 137 per cent increase from $4.55 million a
      403 words
    • Article
      Lock icon Trading of Design Studio shares suspended
      310 8  -  By JAMIE LEE DESIGN Studio Furniture Manufacturer has suspended trading of its shares after Dubai’s Depa Interiors LLC which offered to take the company private in June secured more than 90 per cent of the company. Depa remains undecided on whether to keep Design
      310 words
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      Lock icon Page 5 Advertisements Column 1
      86 5 New store. New collection. New reason for your neighbours to envy you. m i n o t t i m a r q u i s c o m s g w w w. m i n o t t i i t 30 H i ll S t ree
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      Lock icon Page 5 Advertisements Column 2
      346 5 LowerAbsenteeism Higher Productivity Havingemployeesapplyingsickleave frequently throughout the year is probably one of the top ten items of concern for any employer. It disrupts work processes and increases the workload of other colleagues, which in turn adds stress and introduces low work morale. However, as an employer, is there anything that
      346 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Caution rules ahead of US data
      551 6  -  ST Index moves sideways, with trading activity centred on situational stocks STOCKS VEN SREENIVASAN Senior Correspondent TRADINGhereandaround the region was listless and dull yesterday, as investors continued to tread cautiously ahead of data releases that may give clues to the state of the US
      Source: Bloomberg  -  551 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Aug 26 VALUE CLOSE BT OB/OS -375.00 +60.00 BT CADI -*****.00 -29.00 BT 10-day MA -*****.00 -37.00 FTSE ST Mid Cap 718.93 -0.47 FTSE ST Small Cap 531.50 -1.74 FTSE ST All Share 722.16 -0.34 FTSE ST China Top 262.04 -1.73 FTSE ST China 292.18 -2.68 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      53 6 VOLUME Genting SP 110,206,000 Scintronix 97,968,000 Enzer 67,006,000 ChinaESave 62,350,000 StyleMerc 50,285,000 Oceanus 49,676,000 UniFiber 37,785,000 RenewableEne 31,870,000 MAP Tech 30,182,000 Z-Obee Hldgs 25,976,000 VALUE($) Genting SP 176,065,080 CapitaLand 75,522,390 DBS Grp 44,224,700 UOB 39,416,752 Noble Grp 31,867,640 SingTel 30,602,100 Wilmar 23,724,540 NOL 22,357,320 Keppel Land 18,832,420
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 5 8 0 0 0 3 5 8 Manufacturing 37 56 84 5 6 15 42 62 99 Commerce 20 17 27 6 2 6 26 19 33 Tpt/Stor/Comms 8 17 15
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Sembcorp Industries
        598 6 Sembcorp Aug 26 close: $4.20 DMG Partners Securities, Aug 26 SEMBCORP Industries has signed a 20-year, long-term utilities services agreement with Jurong Aromatics Corporation (JAC) to supply steam and other water and wastewater treatment services to its new aromatics complex. We view the deal positively. The deal enhances
        Source: Bloomberg  -  598 words
      • Article
        Lock icon Sound Global
        335 6  -  Aug 26 close: $0.72 DBS Group Research, Aug 26 Compiled by CONRAD TAN SOUND Global has finally decided to dual-list in Hong Kong by way of introduction, as management submitted an application to list all its shares on the Hong Kong stock exchange. We believe it could take
        335 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,431 8,431 26,858 26,858 Manufacturing 327,211 47,661 374,872 151,446 11,922 163,368 Commerce 113,155 71,655 184,810 90,395 17,039 107,434 Tpt/Stor/Comms 72,026 696 72,722 114,426 86 114,512 Finance 13,388 90 13,478 118,493 11 118,504 Construction 53,934 78,708
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 2.070 +0.010 CapitaLand 4.010 +0.010 CapitaMall 1.890 -0.040 CityDev 11.900 +0.080 ComfortDelGro 1.500 -0.010 DBS Grp 13.660 -0.080 F&N 5.550 +0.030 Genting SP 1.600 +0.020 Golden Agri 0.545 -0.010 HK Land 5.320 -0.070 JMH 43.180 +0.360 JSH 24.980 +0.380 Jardine C&C
      111 words
    • Article, Illustration
      Lock icon Rally in yen, S franc stalls as stocks rise
      517 6 CURRENCIES Reuters [NEW YORK] A rally in safe-haven currencies such as the yen and the Swiss franc stalled yesterday as global share prices rebounded, although worries about the world economy slowing down kept them supported. Demand for the yen, which rose
      Reuters; AFP  -  517 words
    • Article
      Lock icon RISES
      106 6 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 3535 145.0 3.1 GLD 10US$ ***** 74.5 0.5 JSH 2498 51.5 1.5 JMH 4318 48.8 0.8 Jardine C&C 3284 24.0 0.7 DBXT MSINDO 10us$ 1276 23.0 1.4 OCBC Bk 5.1%NCPS 100 ***** 20.0 0.2 Sim Lian 69 17.0 32.7 ShangriLa Asia 1720
      106 words
    • Article
      Lock icon FALLS
      118 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-201.9 -1.2 BMT 593-147.0 -19.9 DBXT FTChina25 10US$ 2848 -65.0 -1.7 STXPO 100 1302 -40.0 -3.0 DBXT MSCHINA 10US$ 1135 -24.4 -1.6 Golden Ocean 174 -23.0 -11.7 DBXT MSRussia 10US$ 273 -21.7 -5.5 Asia Pac Brew 1600 -20.0 -1.2 DBXT MSINDIA 10US$
      118 words
    • Article
      Lock icon CURRENCIES
      87 6 Where S$ stands Aug 26 CHNG YR 2010 CLOSE FR Aug 25 S$ LOW S$ HIGH US$ 1.3579 0.27 1.4219 1.3472 Euro 1.7191 0.01 2.0153 1.6886 Pounds 2.1007 -0.12 2.2831 2.0003 A$ 1.2012 -0.01 1.2960 1.1515 Yen* 1.6055 0.80 1.6055 1.4467 Rupiah* 0.***** 0.23 0.***** 0.***** Baht* 4.3163 0.07
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      228 7 :s k I SPCRTAGE M 4 V 1LL-mw iLRl Armed with completely modified DNA, the Sportage is primed to tackle roads with ease. Born of a commitment to progression, it is the personification of Kia's mantra The Power to Surprise™. Packed with features in a sleek new form, the Sportage
      228 words
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      400 8 fly with A/IA Book today ana.com.sg to enjoy amazing value with our all-inclusive fares! USA Honolulu/Los Angeles/ San Francisco Chicago/Washington, D.C. II f f f Fares from Singapore To Japan: Tokyo (Narita) Fares: Travel period from 01 Oct '10-31 Mar '11 Tokyo (Haneda) Fares: Travel period from 31 Oct -16
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon YOG part of a larger game plan of repositioning S’pore: Vivian
      601 9  -  $387m well spent; huge returns will be reaped; Rogge calls S’pore Games ‘tops’ By LEE U-WEN THROUGHOUT the entire inaugural Youth Olympic Games (YOG), some detractors continued to pour scorn on the government’s decision to spend $387 million to
      REUTERS  -  601 words
    • Article
      Lock icon Merrill wins US$9.4m suit against ex-client
      529 9  -  By CONRAD TAN MERRILL Lynch has won its suit in Singapore against a former private-banking client for US$9.4 million that he owed the bank. Singapore High Court judge Andrew Ang ruled yesterday that Indonesian businessman Prem Ranchand Harjani had to repay the US$9.4 million
      529 words
    • Article
      Lock icon Citi sets up China Desk to engage Chinese companies
      496 9  -  By LYNETTE KHOO TO ride the rise of the Chinese dragon, Citi Singapore has launched a series of initiatives to encourage more Chinese companies that are looking to expand globally to set up their bases in Singapore. By so doing, it
      496 words
    • Article
      Lock icon Industrial output up 9.9% in July
      352 9  -  By UMA SHANKARI SINGAPORE’S industrial output rose 9.9 per cent year on year in July 2010, driven by 24.5 per cent growth in the electronics cluster. But economists pointed out that the pace of year-on-year growth is down from May’s 59.4 per cent and
      352 words
    • Article
      Lock icon Yokogawa honoured with Maxa award
      584 9  -  By LYNN KAN AS other manufacturers shed staff during the economic downturn, not only did Yokogawa Electric Asia keep its 600-strong team, it actually diversified its business. And for that, it received Singapore’s highest manufacturing accolade, the Manufacturing Excellence Award (Maxa), yesterday. “Yokogawa was unique
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon Power outage due to cable faults: SP
        60 9 SP PowerGrid said the electricity supply to Bishan and parts of Ang Mo Kio was interrupted around 1.30pm yesterday, but that “supply was fully restored within 15 minutes”. The outage affected not only buildings and residents but also a few MRT stations. “Preliminary
        60 words
      • Article
        Lock icon Case signs MOU with Malaysia’s FOMCA
        67 9 THE Consumers Association of Singapore (Case) has signed a memorandum of understanding (MOU) with its Malaysian counterpart, the Federation of Malaysian Consumers Associations (FOMCA). Case said the MOU “paves the way for both Case and FOMCA to discuss the setting up of a channel
        67 words
      • Article
        Lock icon S’pore to hold Skyrise Greenery conference
        64 9 THE inaugural International Skyrise Greenery Conference will be held from Nov 1 to 3 at Singapore’s National Library, with over 30 industry leaders attending. The conference will cover green roofs, rooftop gardens and vertical greenery. NParks said that on the last day of the
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      Lock icon Page 10/11 Advertisements Column 1
      145 10/11 Streamlined for performance m J i I r A I Introducing the new Volkswagen Passat CC. The 4-door coupe. The sleek new 5-seater Passat CC performs exactly like it looks. Part limousine, part coupe, it represents the best of both worlds. It has the aerodynamic design and performance of a
      145 words
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  • ECONOMY WATCH
    • Article
      Lock icon China’s direct investment in US plunges
      561 12 Reduction despite overall rise in foreign acquisitions as Beijing diversifies portfolio Bloomberg [WASHINGTON] China’s direct investment in the US plunged in the first half even as its overall foreign acquisitions rose to a record, underscoring Beijing’s efforts to diversify its portfolio, according to the
      Bloomberg  -  561 words
    • Article, Illustration
      Lock icon US set to move against unfair trade practices
      580 12 Reuters [WASHINGTON] The US Commerce Department plans to toughen rules against what it sees as unfair foreign trade practices that threaten US jobs, senior department officials said in advance of new proposals yesterday. At least one of the 14 ideas under discussion
      Reuters; REUTERS  -  580 words
    • Article
      Lock icon Philippine economy up 7.9% in Q2 as GDP grows
      255 12 AP [MANILA] Election spending, rebounding exports and a recovering global economy boosted the Philippine economy to 7.9 per cent growth in the second quarter, officials said yesterday. It was the first time since 2004 that the economy had grown more than
      AP  -  255 words
    • Article
      Lock icon China tyre tariffs not yielding positive results: US businesses
      476 12 Reuters [WASHINGTON] President Barack Obama’s decision to slap duties on tyres from China doesn’t appear to have reduced overall tyre imports or saved US jobs, the US-China Business Council (USCBC) said on Wednesday. “USCBC has found no evidence that the tariffs
      Reuters  -  476 words
    • Article
      Lock icon IMF facing power struggle between US, Europe
      632 12 Compromise needed over say given to emerging markets Reuters [WASHINGTON] A power struggle threatens to throw the International Monetary Fund into disarray unless a compromise is reached soon between the United States and Europe over how to give more say to emerging powers.
      Reuters  -  632 words
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      46 12 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY TAGORE TRIBUTE :;Vv r v y 'M*K 1 K V ;a\ i 4 As the Nobel Laureate's 150th birth anniversary approaches, how relevant is he to today's Indian? GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      46 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon RM777m provisions drag Sime into the red for Q4
      404 13 Full-year profit dives 68% as group books RM2.1b losses by energy, utilities arm AP [KUALA LUMPUR] Malaysian conglomerate Sime Darby, the world’s largest oil palm company, reported its second straight quarterly loss due to more provisions for its troubled energy and
      AP; BLOOMBERG  -  404 words
    • Article
      Lock icon CIMB Q2 profit jumps 34% to RM890m
      410 13 Indonesian unit, lower bad debt provisions lift results Bloomberg [KUALA LUMPUR] CIMB Group Holdings, Malaysia’s second-biggest bank, said second-quarter profit rose 34 per cent bolstered by its Indonesian unit and lower bad debt provisions. Net income grew to RM889.5 million (S$382 million), or
      Bloomberg  -  410 words
    • Article
      Lock icon Indonesia’s economy may grow 6% this year: trade minister
      284 13 Bloomberg [DANANG, Vietnam] Indonesia’s economy may grow 6 per cent this year and will probably accelerate in 2011, Trade Minister Mari Pangestu said. The pace of expansion in the third and fourth quarters should “continue to pick up” in part because
      Bloomberg  -  284 words
    • Article
      Lock icon M’sia to woo more European firms
      236 13 Bernama [KUALA LUMPUR] Malaysia will take advantage of the setbacks in the European economy to attract companies to relocate to Malaysia, says Deputy Minister of International Trade and Industry Mukhriz Mahathir. “There are still uncertainties in the eurozone, especially in Greece and Portugal. So
      Bernama  -  236 words
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      304 13 KAT3 NOTICES LOST STOCK CERTIFICATE(S) Notice is hereby given that the following share/stock certificates have been reported lost:COSCO CORPORATION (SINGAPORE) LIMITED (Incorporated in Singapore) Name Certificate No. No. of Shares Estate of Lee Chak Leung, Deceased I *****F I 5,000 ***** B 1 1,000 WBL CORPORATION LIMITED (Incorporated in Singapore)
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      103 13 RESTAURANT HOSHIGAOKA With a rich history of more than 38 years in Singapore, it is now newly acquired by JP Pepperdine Group. Newly Rebranded! With Fresh Interiors! res ta urantjhoshig ao k a Expect refreshingly-new menus of improved quality value-for-money Set Lunch and Ala Carte items. UTfc 0 o Sn
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      32 13 Organized by: 1IR Exhibitions Pte Ltd Supporting Organizations: Held In: 4"--. FUJiDG* 0Hydraulic E3B CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • GREATER CHINA
    • Article
      Lock icon China curbs use of foreign IT security technology
      561 14 Move seen to be consistent with efforts to build up local tech industries AP [BEIJING] China has ordered its banks and other major companies to limit use of foreign computer security technology, setting up a possible trade clash with the United States
      AP  -  561 words
    • Article, Illustration
      Lock icon China hopes for wider use of yuan in S-E Asia
      275 14 AFP [DANANG, Vietnam] China said yesterday it hoped for wider use of its currency in trade with South-east Asian nations. Chinese commerce minister Chen Deming said this could be done within the framework of a free trade deal that took
      AFP; BLOOMBERG  -  275 words
    • Article
      Lock icon China calls for more mergers in coal industry
      224 14 Reuters [SHANGHAI] China called for further mergers and consolidation in its massive coal industry to eliminate outdated capacity and improve efficiency, its cabinet, the State Council, said on its website yesterday. Beijing will support both state-owned and privately owned coal companies to
      Reuters  -  224 words
    • Article, Illustration
      Lock icon ICBC, BOC headed for slower growth after strong Q2
      648 14 Reuters [SHANGHAI] Top Chinese lenders Industrial and Commercial Bank of China (ICBC) and Bank of China signalled a peaking of earnings growth after strong sec-ond-quarter profits, as they slow their lending and focus on asset quality. Chinese banks have benefited over
      Reuters; REUTERS  -  648 words
    • Article, Illustration
      Lock icon No talks with AIG since March on buying stake: China Life
      353 14 Reuters [HONG KONG] China Life, the world’s most valuable insurer, said it has not held talks with AIG since March, despite reports it may be part of a Chinese consortium that aims to buy 30 per cent of AIA.
      Reuters; REUTERS  -  353 words
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      240 14 11 aw I v 1 I w* v MVTV7 We Care President's Challenge 2010 Charity Gala Dinner 2 September 2010 8pm Mandarin Orchard Singapore Contribute to a good cause Platinum table: $5,000 Gold table: $3,000 All proceeds will go to beneficiaries under President's Challenge 2010 For enquiries, please contact 6319
      240 words
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  • INDIA
    • Article
      Lock icon Nuclear liability law may put off equipment firms
      598 15 Amount and time frame for claims will stop suppliers from bidding: analysts Bloomberg [NEW DELHI] India’s push to end a three-decade ban on buying nuclear equipment from abroad may founder on laws passed by its own parliament. Lawmakers in New Delhi approved
      Bloomberg  -  598 words
    • Article
      Lock icon India lifts ban on imports of telecom equipment
      372 15 AP [MUMBAI] India has relaxed an eight-month ban on imports of telecommunication equipment, approving orders from China’s ZTE and Huawei and Finland’s Nokia Siemens Networks, executives said on Wednesday, as security fears fade before a high-pri-ority roll-out of third-gener-ation wireless infrastructure. ZTE
      AP  -  372 words
    • Article, Illustration
      Lock icon Gold demand almost doubles in H1
      412 15 Strong economic growth, investment buying drive surge [MUMBAI] India’s gold demand rose 93.74 per cent in the first half of this year due to strong economic growth and investment-led buying, and festivals are likely to maintain the momentum, an official at the World Gold
      REUTERS  -  412 words
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      1121 15 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. SINOHYDROCORPORATION(S)PTE. TD. (CompanyRegistrationNo:*****5665M) (the“Company”) (Incorporated theRepublic Singapore) (Members’ oluntar Liquidation) NOTICEOFFINALMEETING NOTICE HEREBYGIVENthatpursuant Section308 theCompanies Act, Cap. 50, the Final Meeting the members the abovenamed Companywillbeheld 336SmithStreet#05-310NewBridgeCentre Singapore*****6on17September2010 10:00hrsforthepurposes stated Sections308and320(3) theCompaniesAct,Cap.50. KUNGSEAHLIM CertifiedPublicAccountant Liquidator Dated27thday August2010 FORM69(3) (Rule NNOOTICEOFINTENDEDFIRS ANDFINALDIVIDEND NNaame Compan
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      146 15 NI N IN THEMATTEROF THECOMPANIESACTCAP50 AND NI N IN THEMATTEROF HEIMBACHASTENJOHNSONASIAPTE (INMEMBERS’VOLUNTAR LIQUIDATION) (Co. Reg. No: *****5107C) NOTICE HEREBYGIVEN thattheFinal General Meeting the abovenamed Company will be held 331 North Bridge Road, #04-04/05 Odeon owers, Singapore *****0 on 27 September 2010 ta t at 10.00a.m.forthefollowingpurposes:.1 1. TToo receive an account
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Glencore’s H1 profit up 42% on price gains
      509 16 Net income rises to US$1.56b; sales advance 55% to US$70b Bloomberg [LONDON] Glencore International, the world’s largest commodity trader, said first-half profit jumped 42 per cent on rebounding metals demand and prices. Net income excluding one-time items rose to US$1.56 billion in
      Bloomberg  -  509 words
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      Lock icon Aussie independents fault Abbott policy
      569 16 AFP Bloomberg [SYDNEY] Australia’s conservatives faltered in their bid for office yesterday after rebuffing requests from independent lawmakers who are key to resolving the country’s political impasse after inconclusive polls. Tony Abbott, leader of the centre-right Liberal/National coalition, risked the ire of crucial unaligned MPs
      AFP; Bloomberg; REUTERS  -  569 words
    • Article
      Lock icon S Korean tablet PCs to challenge iPad
      301 16 AFP [SEOUL] South Korean firms will soon release tablet PCs to contend with the imminent arrival of Apple’s iPad after the roaring success of the American firm’s smartphones. Top mobile phone operator SK Telecom said that it would launch the Galaxy Tab, a
      AFP  -  301 words
    • Article
      Lock icon Spain’s economy up in Q2 on rising consumer spending
      440 16 Expenditure stepped up before sales tax increase in July Bloomberg [MADRID] Spain’s economic growth accelerated in the second quarter as consumers stepped up spending before a sales tax increase in July. Household spending grew 2 per cent from a year earlier
      Bloomberg  -  440 words
    • Article
      Lock icon Japan develops ‘touchable’ 3D TV technology
      156 16 AFP [TOKYO] A Japanese research team has developed the world’s first 3D television system that allows users to touch, pinch or poke images floating in front of them. “It is the first time that you can feel images in the air,” said Norio Nakamura,
      AFP  -  156 words
    • Article
      Lock icon Robert Walters eyes Asia-Pac for more growth
      328 16 Reuters [LONDON] British white collar recruiter Robert Walters said it identified enormous growth potential in the Asia-Pacific region as it swung to a first-half profit on the back of a pick-up of activity in the jobs market. Robert Walters, which generates 70 per
      Reuters  -  328 words
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      328 16 Toll free: 1800-289-8822 Email: recruit@sph.com.sg www.st701 .com Bloomberg MOVE THE MARKETS. BUILD THE BEST. Join the company at the forefront of finance and technology. Bloomberg provides information to business leaders around the world. Our employees have a passion for excellence, no matter what their experience is. We foster that passion
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  • WORLD
    • Article
      Lock icon Will tough times lead to a corporate art selloff?
      751 17 When companies get strapped, it can trigger an art market bonanza AP [LONDON] Corporations worried about the bottom line are taking a look at their office walls. Over decades, many of the world’s banks and companies have built up art collections,
      AP  -  751 words
    • Article
      Lock icon Debt-ridden Greece pays long-dead cash
      260 17 Ministry uncovers millions wasted in pension payments AFP [ATHENS] Greece, which is struggling against monster debts, has wasted millions of euros a year on retirement payments to longdead pensioners, labour ministry officials revealed. The labour ministry on Wednesday said it is paying pensions to some
      AFP  -  260 words
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      Lock icon TOMATINA SPLATTERINA
      66 17 [VALENCIA, Spain] A man resting covered with tomato pulp during the annual tomato fight fiesta in the village of Bunol, near Valencia, on Wednesday. Bunol’s town hall estimated more than 40,000 people, some from as far away as Japan and Australia, ‘took up arms’ with 100 tonnes of
      AP  -  66 words
    • Article
      Lock icon BP scraps plans to bid for Artic exploration licence
      337 17 AFP [LONDON] BP has scrapped plans to drill in the Arctic, where a new oil rush is expected, amid fears such a move would be “political madness” after the Gulf oil spill, Britain’s Guardian daily said yesterday. The energy giant said
      AFP  -  337 words
    • Article
      Lock icon Tower to rise in Empire State’s neighbourhood
      457 17 Landmark’s owner calls it an assault on NYC’s iconography AP [NEW YORK] The Empire State Building’s owner lost his bid to stop a new skyscraper from rising in the neighbourhood when the New York City Council approved zoning and land use changes on
      AP  -  457 words
    • Article
      Lock icon Fed seeks to delay release of bank data to courts
      293 17 Bloomberg [WASHINGTON] The Federal Reserve Board sought to delay the court-ordered release of documents identifying banks that might have failed without the US government bailout while it considers an appeal to the US Supreme Court. The Fed asked the US
      Bloomberg  -  293 words
    • Article, Illustration
      Lock icon HSBC eyeing stake in South African bank
      825 20  -  Interest driven by country’s rising trade investment with China By NEIL BEHRMANN CHINA’S soaring trade and investment links with Africa have prompted HSBC to consider buying more than 70 per cent of Nedbank. The bulk of Nedbank’s business is in South Africa the
      AFP  -  825 words
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      Lock icon US Gmail users get PC-to-phone service
      584 20 Local calls are free; international calls are from 2 US cents Reuters AP [NEW YORK] Gmail users in the US will now be able to call telephones directly from their computers, Google Inc said on Wednesday. That puts Google in direct competition with Web
      Reuters; AP  -  584 words
    • Article
      Lock icon Cambridge U lab creates liver cells from human skin
      527 20 Reuters LONDON] Scientists have created liver cells in a lab for the first time using reprogrammed cells from human skin, paving the way for the potential development of new treatments for liver diseases that kill thousands each year. Cambridge University scientists
      Reuters  -  527 words
    • Article
      Lock icon Looks like electric speed record for Buckeye Bullet
      436 20 AP [SALT LAKE CITY, Utah] A team of Ohio State University students that set out to build the fastest electric car on the planet is heading home with a broken clutch and a big grin. The Buckeye Bullet was clocked on Utah’s
      AP  -  436 words
    • Article
      Lock icon Barclays lent Lehman US$45b unaware of risks
      423 20 Bloomberg [NEW YORK] British bank Barclays didn’t know its risk when it bought Lehman Brothers Holdings Inc’s brokerage and was told by the US Federal Reserve to lend the defunct firm US$45 billion, a former Barclays trading executive testified. Stephen King, who was
      Bloomberg  -  423 words
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      65 17 Reach Seriolis Gourmets In This Targeted Space Enjoy special advertisement rates in this dedicated culinary environment. Amy Choo Adeline Goh Amy Leo Lawrence Chang 6319 1559 6319 6127 6319 2129 *****650 9690 3432 9681 8289 9730 7101 9229 4919 Lina Tan Alisa Tan Jeffrey Nah Alfred Lee 6319 2045 *****480
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      82 17 m a J I SPARKLING SUNDAYS. BRUNCH AT OSCAR'S Don't miss Oscar's legendary Sunday Brunch. Linger over the latest local and international selections. Toast our new two-tiered champagne choice: Moet et Chandon or Veuve Clicquot. Simply delicious decisions... only at Oscar's. $148++ with free flow Champagne, Wine and Beer $109++
      82 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Outstanding issues in an exceptional year
      475 18 EDITORIAL LAST year at this time, the Singapore economy was in somewhat a state of flux. After 3-4 negative quarters (depending on the GDP measure), the worst of the recession appeared to be over but the economic outlook remained shrouded in uncertainty. Job losses,
      475 words
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      Lock icon The land of the rising yen needs a new strategy – fast
      852 18  - The land of the rising yen needs a new strategy fast THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own YOU can feel the sense of panic rising in perfect sync with the yen. Will the Bank of Japan (BOJ)
      852 words
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      Lock icon How S’pore firms can save on customs duties
      1000 18  -  FTAs present opportunities; all that’s needed is strategic planning, proper implementation By LAM KOK SHANG The writer is the head of Indirect Tax Practice at KPMG Tax Services Pte Ltd and provides his subject matter expertise on FTA-related issues. The views are
      Source: KPMG; FILE PHOTO  -  1,000 words
    • Article, Illustration
      Lock icon Build smarter, not bigger
      1098 19  -  This is the only way to ensure congestion does not choke the air and economies of cities around the world By DUNCAN ASHBY Duncan Ashby is Asean Industry Leader for Intelligent Transportation Solutions at IBM Global Business Services Traffic congestion is choking the air and economies
      FILE PHOTO  -  1,098 words
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      Lock icon High-tech India plagued by potholes
      1219 19  -  Shortage of civil engineers impedes development of roads, bridges and railways By VIKAS BAJAJ NYT [PUNE, India] Call it India’s engineering paradox. Despite this nation’s rise as a technology titan with some of the world’s best engineering minds, India’s full economic potential is stifled by
      NYT; REUTERS  -  1,219 words
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      36 20 "7 j rU V. LiFIND THE ONES J THAT FIT! x Recruit the right people _J through CATS Recruit. j Call 1800 289 8822 or email recruit@sph.com.sg j to advertise. 1 L~ n J L 1
      36 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Brazil govt to take over five Amazon ports
      437 21 Newspaper cites corruption and mismanagement as reasons for takeover Reuters [SAO PAULO] The Brazilian government will take over control of five Amazon ports as well as partial administration of the two southern grain ports of Paranagua and Rio Grande, a local newspaper
      Reuters  -  437 words
    • Article
      Lock icon Boeing to double workforce at China parts factory
      278 21 AFP [BEIJING] US aircraft maker Boeing plans to double the number of employees at its parts factory in northern China to keep up with renewed demand for planes, state media reported yesterday. Boeing Tianjin Composites Co Ltd will increase its workforce to
      AFP  -  278 words
    • Article
      Lock icon China plants flag deep under South China Sea
      337 21 Feat underscores ambitions to tap ocean resources Reuters [BEIJING] China said yesterday that it had used a small, manned submarine to plant the national flag deep beneath the South China Sea, where Beijing has tussled with Washington and South-east Asian nations over
      Reuters  -  337 words
    • Article
      Lock icon Airport not responsible for crash: China
      334 21 AP [YICHUN, China] A top aviation official defended the safety of an airport in remote northeast China where a flight crashed while coming in for a night landing, raising questions about the facility’s design, a state news agency reported yesterday. Forty-two of the 96
      AP  -  334 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 21 SGX '000 Aug 26 S$ +/-Vol CH Offshore 0.51 -0.01 882 Chuan Hup Hldg unch unch 0 Cosco Corp 1.55 0.01 6611 CWT Ltd 0.93 0.01 4191 Ezra Hldgs 1.76 -0.01 3234 First Ship Lea 0.40 unch 641 Freight Links 0.06 unch ***** Grand Banks unch unch 0
      278 words
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      Lock icon PAL suffers hostage fiasco fallout
      368 21 AFP [MANILA] Flag-carrier Philippine Airlines (PAL) said yesterday hundreds of people from Hong Kong and mainland China had cancelled flight bookings to Manila after a hostage crisis left eight tourists dead this week. “PAL is beginning to feel the initial impact of a Hong Kong
      AFP; AP  -  368 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3059 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 QF82 2230 LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam SQ323 0605 LO4032 2345 US5410 0605 SQ324
      3,059 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8885 22 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20.5 13 3148 8Telecom 19 18.5 19.5 1.7 9.5 6.1 91 12 6 5834 A-Sonic 7.5 unch 50 7.5 7.5 7 7.5
      8,885 words
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      Lock icon SGX CATALIST
      1735 23 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 9 5 1181 t AA Grp 5 5 6 27.8 4.8 225 130 6222 t APStrategic 194 +4 1 194 194 180
      1,735 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9479 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.85/ APS Alpha Fund Cl B SGD!** 1.14/ APS Alpha Fund Cl B USD!** 0.84/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,479 words
    • Article
      Lock icon SGX ETF
      789 23 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 115 -3 9 115 115 112.5 114.9 525 917 716 CIMBAsean40 100US$ US914 911 916 36.6 306
      789 words
    • Article
      Lock icon CLOB INTERNATIONAL
      259 23 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 36.5 6000 AVJennings A45cd 44.5 50 3.6 7.8 3.6 117.2 31.5 16 6017 Genting HK US$ US30.5 +0.5 ***** 31 29.5 30 30.5
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 24 In local curr In S$ In US$ dy yr dy yr dy yr Aug 25 Index Change Change Change Change Change Change World Index Preliminary 773.4 -0.6 -7.1 -0.8 -11.2 -0.9 -8.4 EAFE Preliminary 717.2 -1.0 -8.6 -1.4 -14.1 -1.4 -11.4 Europe Preliminary 1043.8 -0.9
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    • Article
      Lock icon INTERBANK RATES
      180 24 Aug 26 $S Offer Bid Overnight 0.10 0.05 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 3/16 US$ Offer Bid 7 days 0.35 0.25 1 month 0.49 0.29 2 months 0.55 0.35 3 months 0.60 0.40 6 months 0.80 0.60 9 months 1.00 0.80 12
      180 words
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      Lock icon USS/SS FORWARD RATES
      22 24 Aug 26 S$ Bid Offer 1-month 1.3551 1.3563 2-months 1.3551 1.3563 3-months 1.3551 1.3563 6-months 1.3548 1.3561 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      156 24 Aug 26 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 339.0 338.0 338.0 50 Oct 10 340.0 340.0 340.5 16 Nov 10 340.5 12 Dec 10 342.0 342.0 342.0 32 Jan 11 341.0 12 Feb 11 341.0
      156 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 24 Aug 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 25.11.2010 0.28 1-Year BY*****W 03.05.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.23 5-Year N*****0N 1.375 01.10.2014 102.87 102.95 102.95 7-Year N*****0Z
      86 words
    • Article
      Lock icon CHICAGO BOT
      105 24 Aug 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1000.00 999.50 1005.75 994.25 Nov 10 999.00 unch 1005.75 993.50 Jan 11 1007.00 1006.75 1013.50 1000.75 Mar 11 1011.00 1010.50 1017.25 1005.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 39.14 39.48 39.67
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Aug 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 72.57 0.09 WTI (Near Mth) 72.59 0.89 Dubai (1-Mth F) 71.04 -0.18 Tapis blend 77.85 -0.15 Minas 72.85 -0.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 70.89 -0.55 Jet Kerosene 83.40 0.60 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2347 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 38.5 1 150 -3 5.04 45 6227 ASJ Hldgs W*****1 3.5 1 4 15 1.86 18 6168 Asia Water Tech W*****8 4.5 1 2 1.44
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 24 Aug 26 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1920 1.2280 Can dollar 1.2740 1.2900 Euro 1.7100 1.7300 NZ dollar 0.9430 0.9650 Sterling pound 2.0900 2.1150 US dollar 1.3500 1.3650 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 24 Aug 26 Open High Sett STI Aug 2922 SIMSCI Aug 343.9 345.4 344.0 Taiwan Aug 271.8 272.5 270.4 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      66 24 Aug 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2640 2668 2669 2640 531 3670 Oct 10 2541 2573 2573 2541 1748 ***** Nov 10 2492 2530 2530 2489 ***** ***** Dec 10 2469 2513
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      424 24 Aug 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6825 0 1119 Dec10 99.5700 0 2780 Mar11 99.5100 0 1966 Jun11 99.4150 0 1454 EUROYEN TIBOR FUTURES Sep10 99.6500 99.6500 99.6500 99.6500 0 3745 Dec10 99.6850 150 1867 Mar11 99.7000 0 2043 Jun11 99.7275 1
      424 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 24 Aug 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.938 6.035 0.698 6.902 41.560 79.693 0.752 10.571 2.789 1.260 75.752 40.060 1.203 6.495 0.915 28.406 27.856 0.571 0.888 Canada 1.066 6.436
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    • Article
      Lock icon SIBOR
      85 24 Aug 26 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 Aug 26 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2024 1.2041 0.8873 0.8878 Canadian dollar 1.2825 1.2839 0.9464 0.9466 Euro 1.7225 1.7243 1.2711 1.2713 NZ dollar 0.9539 0.9561 0.7039 0.7049 Sterling pound 2.1064 2.1086 1.5544
      155 words
    • Article
      Lock icon PRECIOUS METALS
      137 24 Aug 26 GOLD (US$/oz) Aug 25 Aug 26 Hong Kong 1236.50 1210.00 Aug 24 Aug 25 London 1232.55 1237.90 1233.30 1238.65 Source: Thomson Reuters CAST BAR Aug 26 (S$) Selling Buying Kilobar 57,864.53 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129.47 54 5gm 368.08 270 10gm 656.98
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    • Article
      Lock icon LONDON METALS
      71 24 Aug 25 Aug 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1992.25 2030.25 3 months 2003.00 2028.00 Copper, Grade A (US$/tonne) Cash 7080.75 7115.75 3 months 7101.00 7137.00 Lead (US$/tonne) Cash 1934.00 1985.50 3 months 1961.00 2012.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 24 Aug 25 COCOA (£/tonne) Close Prev High/Low Sep 10 2053 2093 2089/2039 Dec 10 1967 2005 2000/1964 Mar 11 1979 2017 2010/1971 May 11 1991 2031 2018/1987 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1559 1600 1628/1539 Nov 10 1591 1640 1676/1575 Jan 11 1607 1651 1684/1589 Mar 11
      82 words
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  • Page 27 Miscellaneous
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      330 27 CRYPTIC CROSSWORD Across 1 Failure encountered in possession of pound, depressed (8) 5 Plain way to put records back to back (6) 9 Rascal closed urn violently (9) 11 Ridge found in bare terrain (5) 12 Bright and pleasant cry of approval unknown (6) 13 Peers rage and go up
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  • executive lifestyle
    • TECH/GAMING/MUSIC
      • Article, Illustration
        Lock icon Powering up your iPad with the right app
        812 27  -  Software add-ons dramatically extend the tablet’s abilities, reports CHRISTOPHER LIM CHRISTOPHER LIM NUMEROUS companies, such as Samsung and LG, hope to start selling touchscreen tablets before the end of the year to rival the iPad, but for the next few months at
        812 words
      • Article, Illustration
        Lock icon Things are looking up for local band
        661 27  -  By DYLAN TAN MOST independent bands struggle for years to be heard and many give up halfway. But not local pow-er-pop quartet TypeWriter. Formed in 2001, it has gone through various line-up changes but their hard work has hit paydirt, attracting the attention
        LITTLE ONG  -  661 words
      • Article, Illustration
        Lock icon Re-invention versus variation
        692 27  -  By CHRISTOPHER LIM IT’S impossible to migrate a game to Apple’s iPad tablet without customising the controls for the touchscreen interface, but some approaches are more successful than others. Fundamentally, developers need to decide whether to port a recognisable brand to the iPad as a way to
        692 words
    • WINE/ARTS
      • Article, Illustration
        Lock icon Magic of Pinot Noir
        1128 28  -  At its best, the wine simply fascinates and enchants, says N K YONG N K YONG Maison Nicolas Jaboulet wines are imported by Booze Wine Shop THE enthusiasm and search for Pinot Noir continues to escalate. Wherein lies the fascination of Pinot Noir? For wine lovers
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      • AROUND TOWN
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          Lock icon Untitled
          218 28 AN Esplanade Presents programme, The Studios 2010, is presenting an award-winning double bill of contemporary Korean dance, Out There (above left) by Lee Sun-A and Ice or Water (above right) by Hong’s Dance Company this weekend. These two works showcase some of Korea’s best dancemakers. Co-produced by Jung Art Vision,
          218 words
        • Article
          Lock icon Spotlight on the S’pore River
          118 28 FOR this year’s Open Call 2010, an annual showcase first initiated by The Substation in 2008 to support strongly artistic, critical and rigorous visual arts proposals, The Substation presents The Singapore River as a Psychogeographical Faultline. The exhibition is created by young local artist Debbie
          118 words
        • Article
          Lock icon Effects of terror strikes
          165 28  -  Compiled by NATALIE KOH INTRUDER is Indian artist Vibha Galhotra’s first solo exhibition in Singapore and comprises a collection of 10 new digital prints on canvas. With photography, sculptures, wall texts and props, the works aim to imitate the feelings that terror strikes evoke in people.
          165 words
    • ARTS
      • Article, Illustration
        Lock icon Adding wholesale value to artworks
        877 29  -  Instead of selling them piecemeal, Art Trove is marketing German artists’ works by the collection to keep them together, reports MADHVI SUBRAHMANIAN MADHVI SUBRAHMANIAN WORKS of art are often sold piecemeal by galleries, but one gallery is keen to market them by the collection seeing
        877 words
      • Article, Illustration
        Lock icon Taking a trip way past memory lane
        930 29  -  By CLARISSA TAN THE latest incarnation of Fried Rice Paradise, the Singapore musical, kicked off about a week after National Day and just a few days before the National Day Rally. It marked the 50th anniversary of the People’s Association and is meant
        SINGAPORE REPERTORY THEATRE  -  930 words
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        Lock icon Out in the sun from the shadow of curbs
        573 29  -  By MADHVI SUBRAHMANIAN A “FORGOTTEN” German painter is the focus of Art Trove’s first exhibition. Strawalde or Jurgen Bottcher, 79, spent the earlier years of his career in the former East Germany but was banned from painting as the authorities considered
        573 words
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        Lock icon An enjoyable, approachable work
        761 29  -  By CHEAH UI-HOON MASH-UPS made popular by TV programme Glee usually refer to songs, when two or more pre-re-corded songs are blended together, by the overlaying of the vocal track of one song over the instrumental track of another. The term can’t really be applied to
        THE ESPLANADE CO LTD  -  761 words
    • FESTIVALS AROUND THE WORLD
      • Article, Illustration
        Lock icon Celebrating eternal love in China
        1066 30  -  The Chinese look skyward every year during the festival of Qi Xi to honour the beautiful legend of Niulang and Zhinu. By KATE WONG Once a year, all the magpies of the world would take pity on the ill-fated lovers and fly to heaven, forming
        1,066 words
    • CINEMA
      • Article, Illustration
        Lock icon New kid on the film block
        689 31  -  Sandcastle’s young director Boo Junfeng is one to watch out for, reports DYLAN TAN DYLAN TAN LOCAL film-making has a brave new face and if Boo Junfeng’s ambitious debut feature film Sandcastle is any indication, the future looks bright for both him and the
        FILE PHOTO  -  689 words
      • Article, Illustration
        Lock icon Quaint look at a postconsumerist society
        611 31  -  By GEOFFREY EU THE starkly obvious perils of living in and falling victim to an all-consuming consumer society are addressed in The Joneses, a movie that takes a satirical look beyond the glossy lifestyle most of us aspire to, only to find there’s more
        BLOOMBERG  -  611 words
      • Article, Illustration
        Lock icon Hit French rom-com looks set for remake
        449 31  -  By DYLAN TAN BETTER known for its arthouse fare, French cinema shows its lighter side and tries its hand at commercial filmmaking with Heartbreaker, a featherweight farcical take on the type of chick flicks using resident hunks and babes in lead roles that
        449 words
      • Article, Illustration
        Lock icon The concert of redemption
        469 31  -  DVD REVIEW By CHRISTOPHER LIM CON jobs are such good fun that they transcend cultures, and French movie The Concert features the classic con impersonation. A motley group of Russian musicians who haven’t played together for 30 years conspire to impersonate the Bolshoi Orchestra in Paris,
        469 words
      • Article, Illustration
        Lock icon Highly-praised local film lives up to hype
        387 31  -  By DYLAN TAN JUST when it looked like the local film industry was scraping the bottom of the barrel with back-to-back releases of two low-budget slapstick comedies Old Cow Vs Tender Grass and PCK The Movie comes a quiet little movie that has
        387 words
    • Article, Illustration
      Lock icon Vacationing on high seas
      1397 32  -  Luxury cruise operators are reeling in an increasingly sophisticated Asian market with cushy on-board experiences and exotic itineraries. But how does the region as a destination stand? AUDREY PHOON finds out AUDREY PHOON THIS year’s Natas fair, which kicks off today, will probably leave many holidaymakers
      1,397 words
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      142 28 i 'si <2iP r ST r P r <r$ <Q> ■V z>. t <? a 'v <%• V X V<V J r -V N V U M SINGAPORE BANGKOK KUALA LUMPUR MACAU HONG KONG ANNUAL SALE 1 ■YEARS of JL U Level 3 Unit 20/21, Shaw Centre 1 Scotts Road,
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      212 30 Best Available Rates Featured Promotions Partnership Programmes Exclusive Member Deals Best Rate Guarantee IJ Country Australia Bahrain Belgium lri.ll.liM France Georgia Germany India Indonesia Japan Kazakhstan Korea, South Malaysia Philippines Qatar Russia Singapore Spain Thailand United Kingdom Vietnam Aix En Provence Bangkok Bahrain Barcelona Berlin Brussels Chennai Chongqing Doha Guangzhou
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      12 30 Brought to you by Ascott This series is brought to you by
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      133 32 TAKE FLIGHTWITH US Need an escape from the hustle and bustle of work? From now till 15 October, join us on our flight and be among the first in Asia to experience the best in travel headphones! Visit us at the specially created "Flight Cabin" located in the Sennheiser Showroom
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      11 32 TECH Powering up your iPad with the right app PAGE 27
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  • The Business of Time
    • Article, Illustration
      Lock icon It’s worth having a good time
      370 1  -  Chuang Peck Ming YOU are looking at not just a new watch, but the most expensive one in the world. The Franck Muller’s Aeternitas Mega 4 has been sold for a cool US$2.7 million. So, are we seeing a return to the days before
      370 words
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      Lock icon Wunderbar! It’s German
      783 2  -  TIMMY TANlooks at what brands are perpetuating Germany’s history in watchmaking. TIMMY TAN The writer is a watch enthusiast IN terms of watchmaking, Germany has a history that stretches way back to the 15th century. In fact, the modern wristwatch of today had its roots in Europe.
      783 words
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      Lock icon Journey against the odds
      1471 4  -  War and state ownership have not stopped Lange from becoming the watchmaker known for its exquisite timepieces. By SU JIA XIAN By SU JIA XIAN Su Jia Xian has been keenly interested in watches since the age of 12. He is currently a final year student
      1,471 words
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      Lock icon Inner workings
      1596 6  -  Scientific progress is blurring the lines between mechanical and quartz watches. By ARTHUR LEE By ARTHUR LEE OVER 40 years ago on Christmas Day in 1969, Seiko created the Quartz Astron, the first watch in the world to use quartz technology. It changed the way the world told
      1,596 words
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      Lock icon The rebirth of Russian watchmaking
      1166 8  -  A handful of pioneering watchmakers and entrepreneurs are working hard to put the country back on the horological map. By MARK GORDON By MARK GORDON Singaporean Mark Gordon is a strategic marketing consultant who has assembled one of the world’s largest collections of Soviet-era Russian
      1,166 words
    • Article, Illustration
      Lock icon V 2010 seems to see more than its fair share of anniversary models
      1266 10 ANNIVERSARY TIMEPIECES and it appears watchmakers are not simply making a sales pitch. The beauty and innovativeness of many of the anniversary timepieces showcased here suggest great efforts and vast resources have been deployed to create them
      1,266 words
    • Article, Illustration
      Lock icon Bulgari’s regenerative in-house power
      1258 14 While the Calibre BVL 168, Bulgari’s in-house movement unveiled in 2010, is the culmination of a decade’s pursuit in achieving an integrated manufacturing division, it too represents the beginning of a new chapter for the brand in high-end mechanical watchmaking BULGARI’S Calibre BVL 168 marks a
      1,258 words
    • Article, Illustration
      Lock icon Slim look befits leaner times
      2606 16  -  Smaller and slimmer classic timepieces are making a comeback at this year’s Baselworld. By CHUANG PECK MING By CHUANG PECK MING WHAT a difference a year makes. In 2009, chunky timepieces were still all the rage. But at the trendsetting Baselworld watch show this year
      2,606 words
    • Article, Illustration
      Lock icon How fair are present values?
      2855 20  -  Having in-house movements in watches should not be the only basis for assessing if higher prices are justified, says TIMMYTAN TIMMY TAN The writer is a watch enthusiast THESE days, the boast of having an “exclusive movement” that is made by a third-party manufacturer is
      2,855 words
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      Lock icon A force to be reckoned with
      921 26  -  High-end watchmaker DeWitt aims to continue climbing the haute horlogerie ladder. By CHUANG PECK MING By CHUANG PECK MING SWISS watchmaker Jerome de Witt boasts an illustrious ancestor in French emperor Napoleon Bonaparte. When Jerome was a teenager, he took apart one of the
      921 words
    • Article, Illustration
      Lock icon A class of its own
      1060 27  -  Stephen Forsey of high-end complicated watchmaker Greubel Forsey shares with BT what the brand stands for and a yet to be launched prototype. By CHUANG PECK MING By CHUANG PECK MING GREUBEL Forsey, which made its debut in the watch world in 2004, has carved
      1,060 words
    • Article, Illustration
      Lock icon The women get it first
      801 28  -  Patek Philippe creates a stir launching the Ladies First Chronograph before the men’s version. By CHUANG PECK MING By CHUANG PECK MING LADIES first. The venerable Patek Philippe made a gentlemanly gesture when it let the women wear its new in-house, manual-wind chronograph movement before
      801 words
    • Article, Illustration
      Lock icon All watches great and small
      911 28  -  Whatever the argument, case size boils down to personal preference; if you like the watch, don’t let its size get to you, says ARTHUR LEE ARTHUR LEE A SENIOR vice-president at DBS bank more than occasionally takes her husband’s “big” watches mounted on leather straps
      911 words
    • Article, Illustration
      Lock icon Making the business tick
      1127 29  -  Pacific Time’s Sharon Lim is no daddy’s girl when it comes to her job as executive director. By CHUANG PECK MING By CHUANG PECK MING SHE has a big job in her dad’s listed company. She has a figure that many women her age would kill
      ARTHUR LEE  -  1,127 words
    • Article, Illustration
      Lock icon When it comes to the ladies, it’s still bling and colour that provide the glamour
      1212 30 SEXY LADIES and dictate the sky-high price tags which can easily cross the million-dollar mark (Audemars Piguet’s diamond-studded Royal Oak Offshore chronograph). But increasingly, a complex movement also contributes to the priciness of luxury watches
      PHOTO: FRANCK DIELEMAN, ©CARTIER 2010  -  1,212 words
    • Article, Illustration
      Lock icon No maintenance? It’s a keeper
      622 32  -  ID One, Cartier’s concept watch holds the promise of saving buyers the hassle of regular servicing. By CHUANG PECK MING By CHUANG PECK MING CARTIER’S ID One will be much appreciated by watch lovers who hate to send their timepieces in for regular servicing. Firstly,
      622 words
    • Article, Illustration
      Lock icon Face of style with substance
      941 32  -  Cartier goes all out to recapture its earlier pioneering and innovative glory. By CHUANG PECK MING By CHUANG PECK MING WITH the creation of the iconic Santos over a century ago, Cartier pioneered the first wristwatch worn in flight. Since then, its watchmaking has become
      941 words
    • Article, Illustration
      Lock icon Made of fine calibre
      739 33  -  Bulgari’s dream of building its own mechanical movement comes to fruition with the Calibre 168. By CHUANG PECK MING By CHUANG PECK MING BULGARI has achieved this year what any serious watch brand would aim to do build its own mechanical movement. The Italian luxury brand
      739 words
    • Article, Illustration
      Lock icon Despite the Great Recession, there has been no let-up in horological breakthroughs
      1270 34 From the simplest mechanical (Bell Ross’s New Instrument BR01-92 Radar) to the grand complications (Montblanc’s Exo Tourbillon Chronographe), watchmakers have found ways to make watches more useful, more efficient. INNOVATIVE WATCHES Time is told in three coloured strips
      1,270 words
    • Article, Illustration
      Lock icon The times are a changin’
      1575 36  -  Despite economic shifts, macro trends continue to shape the watchmaking industry. By SU JIA XIAN By SU JIA XIAN Su Jia Xian has been keenly interested in watches since the age of 12. He is currently a final year student at Singapore Management University MACRO
      1,575 words
    • Article, Illustration
      Lock icon Are big watches here to stay?
      1026 37  -  They may be a fashion trend or an evolution over time, but ultimately there’s a physical limit on how large they can get, says WONG WEI KONG WONG WEI KONG The writer is BT’s associate editor and a watch fan THE first thing that
      1,026 words
    • Article, Illustration
      Lock icon Avant-garde time keeper
      2067 38  -  CHUANG PECK MINGfinds out Swiss watchmaker CVSTOS is also about performance, efficiency, elegance and preciousness. CHUANG PECK MING WHILE Antonio Terranova is engrossed in describing to you the intricacies of his creations in an interview, Sassoun Sirmakes would butt in to correct his English. The younger man
      YEN MENG JIIN  -  2,067 words
    • Article, Illustration
      Lock icon Deep impact
      994 39  -  Despite the financial crisis, brands associated with high-end watchmaking continue to come up with memorable creations. TIMMY TANlooks at some timepieces that leave a lasting impression. TIMMY TAN The writer is a watch enthusiast SOME of the more memorable timepieces are creations by brands such as Cartier, Chanel,
      994 words
    • Article, Illustration
      Lock icon All in good time
      1683 40  -  KELVIN LEE looks at trends governing the popularity of the ebauche movement KELVIN LEE The writer is an associate director for communications at a multinational accounting firm OVER the years, interest among buyers of Swiss watches has returned to in-house movements. Often, the movements are even
      1,683 words
    • Article, Illustration
      Lock icon One movement, four flavours
      372 40 AS the largest supplier of ebauche movements in Switzerland, ETA can provide a wide variety of finishes on its products, from very raw parts to fully finished movements. There is therefore no single level of quality for an ETA ebauche movement they exist as basic versions
      STOCK.XCHNG  -  372 words
    • Article, Illustration
      Lock icon Figure this out
      741 41  -  R SIVANITHY shares some interesting observations about three often overlooked watch features. R SIVANITHY WATCH lovers spend an inordinate amount of time studying watch faces, scrutinising the hands, colour of the dial, the material used for the bezel, the fonts and so on. Yet, how many notice
      741 words
    • Article, Illustration
      Lock icon The ABCs of clocks and watches
      661 41  -  The industry association now has a training programme to equip sales staff with skills and knowledge to better serve customers. By CHUANG PECK MING By CHUANG PECK MING A TRAINING document for sales staff of watch retailers has been dusted off after languishing on
      ARTHUR LEE  -  661 words
    • Article, Illustration
      Lock icon Watchmakers have raised the bar year after year when it comes to complicated timepieces.
      1983 42 No surprise there, given the relentless pursuit to out-do each other in this segment of the market that commands the biggest premiums. This year, watchmakers may have even amazed themselves as the big names in the
      1,983 words
    • Article, Illustration
      Lock icon Putting the past behind
      1370 44  -  A relatively young entrant to the industry, Roger Dubuis rises to the challenge after hitting a snag in its early years. By SU JIA XIAN By SU JIA XIAN Su Jia Xian has been keenly interested in watches since the age of 12. He is currently
      1,370 words
    • Article, Illustration
      Lock icon The big, loud and chunky time machines
      1702 45 that reflect the excesses before the 2009 downturn have given way to a return to more modest, understated and clean classic watches. But there’s still room in the sober, post-recession mood for sporty and macho timepieces, with some quirky ones thrown in. WATCHES
      1,702 words
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      205 1 CONTENTS: Anniversary timepieces PAGES 10,12 Sexy ladies PAGES 30-31 Innovative watches PAGES 34-35 Complicated timepieces PAGES 42-43 Watches for the guys PAGES 45-46 Time, incomparably crafted L.U.C Tourbillon Tech Twist. Chopard vividly illustrates its ability to blend advanced technologies with cutting-edge design through this state-of-the-art model embodying the contemporary essence
      205 words
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      95 3 TAGHeuer SW SS AVANT-GARDE S NCE 860 m 0 wV MONACO ss KIP mm//? 50 10^ §r a U 4CJ 20 V7////II\\\\\V^ AUTOMATIC CHRONOGRAPH CALIBRE 13 SS 'i/iinl Skv 'ss m^.A\\WV n iMu MS m T N 1 I B6 i m r; I iff V if /-s VP K'
      95 words
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      199 4 THE FUTURE OF FUME WATCHMAKING m ■■K nSiVrtrtsat :YO 1 I i m F' vjSal 1 f V, 1 •O 3 SSR! 'iJ -r flmmSB j£% K'v •>, f "'•> .sV%' ■*>. y 4 URWERK PRESENTS THE MEXICAN FIRELEG AND ITS REVOLVING SATELLITE COMPLICATION (case in AITiN) f BAUMGARTNER FRE
      199 words
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      66 5 Breguet,the innovator. Invention of the Breguet balance spring,1795 The balance spring gives time rhythm and sets its rate the key to a watch’s precision. With its many patented innovations, the Tradition 7047PT with fusee tourbillon pushes the limits of precision time-keeping by combining the accuracy of the Breguet balance-spring’s terminal
      66 words
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      19 6 In partnership with W O R LD HERITAGE•PATRIMOINEMONDIAL•PATRIMONIO MUNDIAL World Heritage Centre United Nations Educational, Scientific and Cultural Organization
      19 words
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      43 7 J PATEK PHI LI GENEVE Begin your own tradition. h m iVtV SB i r patek.com Tel: (65) 6732 1506 You never actually own a Patek Philippe. You merely look after it for the next generation. W/ Annual Calendar Ref. 5205G, Calatrava cufflinks
      43 words
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      131 8 W'i V Mth June 5, 1944: Supreme Allied Commander Dwight D. Eisenhower orders the invasion at Normandy. November 16, 1951: Eisenhower receives his Presidents' Watch. July 29, 1958: President Dwight D. Eisenhower signs the National Aeronautic and Space Act and founds NASA. The Watch for Presidents. VULCAIN CRICKET ANNIVERSARY AUTOMATIC
      131 words
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      52 9 M AUDEMARS PIGUET Lc maitrc de I'horlogerie dcpuis 1875 Si SB K m ft m ft 1 ft M 1 I I 1 v\ h m N fa E« 1 >- M ■fe I s &s in» Ml .4 I JULES AUDEMARS CHRONOMETER WITH AP ESCAPEMENT For enquiries, Tel (65)
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      73 10 Enduring ,5? r V, ORIS Swiss Made Watches Since oris 1904www.oris.ch 4 V S&--IW "JL 7 > S LLi Os I ORIS WATER RESISTANT 1000m/3281ft p 'a -p FORCE J SVWSS MAOt. r j > Oris Col Moschin Limited Edition I ..'r N 9?/ V «*"7% -e> o Distributor Service:
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      149 11 HERITAGE. The Villeret Vintage Chronographe is inspired by the original design of the famous 1920s Minerva chronograph with telemetre and tachymetre scales. Painstakingly crafted and hand-finished by master watchmakers at the Montblanc Manufacture de Haute Horlogerie in Villeret, Switzerland. Manufacture Calibre monopusher chronograph with column wheel and horizontal clutch, 18,000
      149 words
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      81 12 RSW OwOwO ,*:f> RSW S) 10 c o > V cP /S /S ±M C> Mr- </' :i OUTLAND AUTOMATIC MECHANICAL MOVEMENT TIME DIPSLAY ON DISCS PATENTED FOLD-OUT CRANK CROWN SYSTEM 52x44mm CASE SWISS MADE LIVE THE EXPERIENCE WWW. RSW-SWISS. COM \R\h WATCHES KRASNAYA THE VI'CII \RT C, UJ.Em MILLENIA
      81 words
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      45 13 r LV277 LOUIS VUITTON TO CHRONOMETER o Tambour LV277 automatic chronograph. Manufacture movement, LV277 caliber, certified Chronometer (36 000 vibrations per hour). Made in Switzerland by Les Ateliers Horlogers Louis Vuitton. Sold exclusively in Louis Vuitton stores and on louisvuitton.com. Tel. 6788 3888 LOUIS VUITTON
      45 words
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      217 15 BVLGARI I I I 31 G 7 O Wi 1/ o L_ r A v 1 c\y I 7 CO V CXI m ro rO I6b CA I O I SWISS tx W A is v^>- r t mm i -7 I J v.. K£ cw KT •'♦fe''; *«$SN5 P*®
      217 words
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      70 17 CHRISTOPHE CLARET RISTOPHE CLARET V 5^ I5r r k; fa o 8 DO o 'S IP- a??' B *>• o vfc> N w S^SbsM I H r A w«Z-< p%! a. Ml :js£§' <*'WI i iei y> v gar 1 rJHFr #'x w M A DualTow T* Vi EST? 19
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      233 18 Additional 5% off at all The Hour Glass boutiques From now till 31 October 2010, enjoy an additional 5% off* any watch purchased at The Hour Glass with your ANZ Credit Card. ANZ Pay$mart 0% Interest Instalment Payment plan for 12 and 24 months is available at all boutiques. The
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      145 19 RICHARD IVIILLE A RACING MACHINE ON THE WRIST A far rr t o <LU CC CO CO 3 o Q_ Ld => o < u u z < cr o Li_ cr LU Q_ < .4V J J m n r 7 4 TOURBILLON RM 027 RAFAEL NADAL Titanium baseplate
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      113 20 FRANCK MULLER BOUTIQUE SINGAPORE B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 01-07 ION ORCHARD (65) 6509 3380 KUALA LUMPUR KLCC SHOPPING CENTRE (603) 2166 2173 MELBOURNE 119 COLLINS STREET (613) 9650 0288 JAKARTA PLAZA INDONESIA (6221) 310 7608 BANGKOK SIAM PARAGON (662) 610 9423 AUTHORISED RETAILERS SINGAPORE
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      58 21 NOW OPEN AT THE SHOPPES AT MARINA BAY SANDS FRANCK MULLER BOUTI Q UE SINGAPORE B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 01-07 ION ORCHARD (65) 6509 3380 KUALA LUMPUR KLCC SHOPPING CENTRE (603) 2166 2173 MELBOURNE 119 COLLINS STREET (613) 9650 0288 JAKARTA PLAZA INDONESIA (6221)
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      75 23 i w/» i '/J £> 1 A THE SIMPLICITY OF INNOVATION. LUMINOR 1950 3 DAYS GMT AUTOMATIC Automatic mechanical movement P.9001 calibre, two spring barrels, second time zone, 3-day power reserve indicator on the back, seconds reset. Water-resistance 300 metres. Steel case 44 mm 0. Steel bracelet. <65 Y/A/ T
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      203 24/25 Ion Orchard +65 6509 9712 Marina Bay Sands +65 6225 2393 Raffles City +65 6338 3676 Resorts World Sentosa +65 6723 8004 IT RUNS IN THE FAMILY. Not long after Apollo ll 7 s Lunar Module landed on the Moon in July of 1969, a young George Clooney received an
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      60 26 o TITONI OF SWITZERLAND 'aste. ref -83K S i erie s 0/n ivafe,' u ble c Ce rtifj e 1 r $sist* c a Sf ao Ce p Phir* re 4 3* cafe Ir A m I VM'll o I TT '1 wli' I I v masterpieces ATG Watch Pte.
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      38 26 Haute deal: DeWitt’s luxury watches have come to Singapore via an exclusive distributorship won by FJB; considering DeWitt a niche brand in the group’s watch stable, Mr Benjamin says that it has ‘strong commercial potential’ YEN MENG JIIN
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      170 27 Finaly, a navigation system without that annoying voice. c A M I it 55 8 r a s s CM 1 I W V: I s fcl s8 VA M a Portuguese Yacht Club Chronograph. Ref. 3902: "Please make a U-turn if possible." The instruments used by sailors in the
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      133 28 100 th ANNIVERSARY LIMITED EDITION s in in in V B-42 Flieger Black Cockpit GMT Official supplier to aviation and space The world's first manufacturer of automatic wristwatches since 1912 swiss www.fortis-watches.com *1 Authorised Retailers: ALL WATCHES, Lucky Plaza, tel: +65 *****673 Wisma Atria, tel: +65 *****823 HING'S WATCH PEN
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      55 29 PIAGET EMPERADOR Piaget Manufacture movement 600P Mechanical hand-wound tourbillon World's thinnest shaped tourbillon 3.5mm thickness White gold, sapphire case-back Boutique exclusivity PI AG ET www.piaget.com PIAGET Boutiques 01-11 Takashimaya Shopping Centre, Ngee Ann City, 391 Orchard Road. Tel: +65 6732 6831 Bl-35 The Shoppes at Marina Bay Sands, 2 Bayfront
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      125 31 v EL THE HOUR GLASS PERPETUAL Rose gold case. Perpetual flash calendar display. 7 days power reserve. /<?/ /T ]1 v m€r DBS DIGITAL Rose gold case. Calendar display. Moon phase on back case. m II L\ JK If A a# DE BETHUNE <v<* cr w L-n HOROLOGICAL MACHINE NO'2
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      109 33 GIRARD-PERREGAUX 1966 Chronograph Pink gold case, Girard-Perregaux automatic mechanical movement, sapphire case back. Hour, minute, column wheel chronograph, small second. F J Benjamin Service Centre 230 Orchard Road, #04-230 Faber House, Singapore *****4 Service Centre: (65) 6736 3993 Office: (65) 6737 0155 www.fjbenjamin.com Available at all authorised retailers: CORTINA WATCH
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      62 35 CLASSICAL AUDACITY Tourbillon Force Constante à Chaîne EVERY DEWITT IS BUILT BY A DEDICATED MASTER HOROLOGIST AND EACH INCLUDES AN AUDACIOUS TWIST ON THE CLASSICAL WATCHMAKERS ART. F J Benjamin Service Centre 230 Orchard Road, #04-230 Faber House, Singapore *****4 Service Centre: (65) 6736 3993 Office: (65) 6737 0155 www.fjbenjamin.com
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      116 39 ik lo W 7 /<*> <6 "3 LP <A/ <55 <3 cn r-i P CO Os ro Ob, XJ <S a~ «r c± Cb v\\\ cP e X, <^ <> se vz zz ULTIMATELY, YOU OWN THREE THINGS BODY, SOUL, TIME. Cortinawatch www.cortinawatch.com CORTINAWATCH ESPACE: SINGAPORE I MILLENIA WALK T:
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      183 41 TIMELESS pOiBRjf -n, 3 m OOO 660 -000 000 -if *«SB! 1 I .OOO r» rv »> SreKLJH <* wr #s> TC A WATCH WINDER DOES EXACTLY WHAT IT SAYS, IT WINDS YOUR WATCH PERFECTLY. At Timeless Gallery, Singapore's first and only luxury watch winder boutique, we showcase a luxurious
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      200 43 MASTER THE ART OF CLOCK-MAKING I e-x Here's a rare opportunity to enjoy the satisfaction of creating something both functional and beautiful. A precision pendulum timepiece. Assembling your clock is easier than you might imagine, thanks to the comprehensive kit provided, including tools. We'll even give you a training session
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      121 45 VI 1 NEW YORK CITY MANHATTAN 06.27 P.M ji Ik- •v. i 4 ':a -v,* «r- Ki vl I/", j r> sea Masterpiece shown in the picture: VANGUARD UNIQUE OBJECTS OF TIME® FOR LOVERS OF FINE TIMEPIECES FOR THE ARTISTIC ENHANCEMENT-QfeAN EXCLUSIVE LIVING AMBIENCE. BUBEN&ZORWEG VANTAGE TIME MOVER®watch winder for
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      220 47 Each Lange watch is one-of-a-kind Just like the people who craft it. 2 5 -s LANGE SOHNF '/SA GLASHUTTE NiO.V 05 fig •/fN J J "mii: m*" y *0, GLASHUTTE VSA <2/ No two SAXONIA ANNUAL CALENDAR watches are one hundred per cent identical. That's because this timepiece owes its
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      144 48 CALIBRE DE CARTIER FLYING TOURBILLON 9452 MC CARTIER'S COLLECTION OF HAUTE HORLOGERIE IS ONE OF EXTRAORDINARY PRECISION AND STYLE. EVERY MASTERLY COMPLICATION AND AESTHETIC DETAIL IS CREATED, DEVELOPED AND MANUFACTURED BY CARTIER, MAKING EACH TIMEPIECE TRULY EXCEPTIONAL. WITH TECHNICAL EXCELLENCE AND CREATIVE VIRTUOSITY, THE UNIQUE SPIRIT OF CARTIER BRINGS PASSION
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      89 49 THE VISIONARY'S WATCH No other watch is engineered quite like a Rolex. The Milgauss, introduced in 1956, was designed to meet the demands of the scientific community and is capable of withstanding magnetic fields of up to 1,000 gauss. After rigorous testing by CERN engineers, it earned a reputation as
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      67 49 THE DRIVER'S WATCH No other watch is engineered quite like a Rolex. The Cosmograph Daytona, introduced in 1963, was designed to meet the demands of professional race-car drivers and quickly earned its iconic status. With its patented chronograph mechanism and bezel with tachometric scale, it allows drivers to perfectly measure
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      131 50 the CLASSIC WATCH No other watch is engineered quite like a Rolex. The Datejust, introduced in 1945, was the first wristwatch to display the date through an aperture on the dial. Its unique magnifying Cyclops eye, added a few years later, became recognised as a Rolex design standard. Now in
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      146 50 THE BUSINESS TIMES SS1.00 online at http://www.businesstimes.COm.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA(P) 138/08/2010 Friday, August 27,2010 .V, 9 !>*« f t t 'v. v.; J. .v' V'- V,' .\«iV > 1 v rhcw:. ''^v'v■ f y l.'Ai T~»-rr k-* A ,V- A 2 -r
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