The Business Times, 28 August 2010

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Microfilm: NL30858
Total Pages: 47
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg August 28-29, 2010 S$1.00 MICA(P) 139/08/2010 Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION
    17 words
  • Article, Illustration
    Lock icon The Vroom! is back and it sounds different
    920 1  -  Corporate hospitality back at full throttle at F1 as it’s okay again to entertain clients By Nisha Ramchandani nishar@sph.com.sg Singapore WHAT a difference a year makes. It’s shaping up to be a completely different ball game for the Singapore Grand Prix (Sept
    FILE PHOTO  -  920 words
  • Article
    Lock icon Mica seeks bigger stick to keep telcos in line
    714 1  -  Higher fines sought; power to take over business mooted By Victoria Ho vhoip@sph.com.sg Singapore TELECOMS players which engage in anti-competitive behaviour could face harsher sanctions. An errant telco could end up paying up to 10 per cent of the annual turnover
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      Lock icon Page 1 Advertisements Column 1
      169 1 the business www.businesstimes.com.sg STYLE Sneak attack L10-11 lending support Fed ready to give economy a hand CHAIRMAN Ben Bernanke says that it is set to take further steps if needed to spur the stumbling US economy, including resuming its large purchases of longer-term debts. 2 steeling resolve Japan on course
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      24 1 SHOW ME THE MONEY Stocks: Back to basics 33 FROM THE DESK OF How to look young at 125 15 LIVING Spanish flair L2-5
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  • TOP STORIES
    • Article, Illustration
      Lock icon Fed pledges to do all it can to fix economy
      595 2 Bernanke says recovery softer than expected; revised GDP number not as bad as feared Reuters Bloomberg NYT Washington US FEDERAL Reserve chairman Ben Bernanke said yesterday the country’s recovery has softened more than expected and the Fed is ready to
      Reuters; Bloomberg; NYT; AP  -  595 words
    • Article
      Lock icon Boeing’s Dreamliner faces another six-week delay
      228 2  -  First B787 will be delivered in mid-Q1 next year By Ven Sreenivasan ven@sph.com.sg Singapore US PLANE-MAKER Boeing has delayed delivery of its state-of-the-art 787 Dreamliner for the fifth time. It said yesterday it now expects the first B787 to be delivered in the middle
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    • Article
      Lock icon MARKETS
      135 2 STI 2,938.74 (+12.87) STI FUTURES 2,938 (+16) SIMSCI 345.86 (+1.42) SIMSCI FUTURES 345.70 (+1.70) STOCKS Friday Change KL COMP 1,411.05 +3.05 NIKKEI 225 8,991.06 +84.58 HANG SENG 20,597.35 -14.71 SET 900.37 +14.27 JAKARTA 3,104.73 -40.40 MANILA 3,558.67 -36.91 KOSPI 1,729.56 -0.20 SHENZHEN B 672.24 +0.85 MUMBAI IND 17,998.41 -227.94
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    • Article
      Lock icon Re-vote ordered on TT’s creditors scheme
      570 3  -  Court ruling offers the company another chance by laying out practical steps to address certain issues raised by OCBC Bank and Ho Lee Construction By Teh Shi Ning tshining@sph.com.sg Singapore THE Court of Appeal yesterday ordered a re-vote on the scheme of arrangement drawn
      570 words
    • Article, Illustration
      Lock icon Japan PM to outline measures to tackle yen
      659 4 He also steps up pressure on BOJ to take further steps to support slowing economy AFP Tokyo JAPANESE Prime Minister Naoto Kan said yesterday he would outline measures to counter the effects of the yen’s strength and help safeguard a fragile economic
      AFP; AP  -  659 words
    • Article
      Lock icon Correction
      77 4 IN the report “F&N subsidiary buys 23.1% stake in CHB for RM54.6m” (BT, Aug 27), we said the subscription agreement entitles F&N to nominate either two directors of CHB (one of whom will be an executive director) or one person as the chief financial officer of CHB. The agreement,
      77 words
    • Article
      Lock icon China to let exporters keep revenue offshore
      422 5 One-year trial could help slow growth of the country’s forex reserves and ease pressure for yuan appreciation Reuters Beijing CHINA will launch a trial to allow exporters to keep part of their revenue overseas, a move that could help slow growth of the
      Reuters  -  422 words
    • Article, Illustration
      Lock icon Idol fans answer the call, chip in for BT Budding Artists Fund
      489 5  -  By Felda Chay feldac@sph.com.sg Singapore YOUNG artists sponsored by The Business Times Budding Artists Fund (BT BAF) could well find themselves as famous as American idol runner-up Adam Lambert one day. Following his call urging fans to donate
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      62 2 CONTENTS NEWS Top Stories 2-5 Raffles Conversation 8-9 Week in Review 10 Philanthropy 11 Companies 12-14 From The Desk Of 15 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Destination dining L2-5 Dining L6-7 Home& Garden
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      97 3 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 1 Sep 2010 Tenor Approximately 20 years Total Amount Allotted SGD 2,000,000,000 Amount Allotted to Non-Competitive Applications SGD 376,813,000 Amount Allotted to MAS SGD 200,000,000 Total Amount Applied SGD 4,118,260,000 Coupon Rate
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  • Page 5 Miscellaneous
    • Miscellaneous
      Lock icon Page 5 Miscellaneous Column 1
      74 5 SINGAPORE —SWEEP— 1 ST PRIZE $2,200,000 $500,000 $250,000 $300,000 2 nd PRIZE 3 rd PRIZE SUPER SWEEP 0 smfifb- 1st Prize $2-1M™ 10 SWEEP H 2nd Prize S500,000 j 3rd Priie 5250,000 f^ WNo SINGAPORE 09/20i 0 SWEEP m OrtwNo. 09/2010 $3 0»&8«ftO A' DRAW ON WEDNESDAY, 1 SEPTEMBER 2010
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  • Page 6 Advertisements
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      748 6 HKL(MCL)PTE. (Incorporated theRepublic Singapore) Compan RegistrationNo*****6239W anindirectwholly-ownedsubsidiar HONGKONG LAND HOLDINGS LIMITED (Incorporated Ber udawithlimitedliability) MCLLANDLIMITED (Incorporated Singapore) Compan RegistrationNo *****0074K JOINTANNOUNCEMENT PROPOSED OLUNTAR DELISTINGOFMCLLANDLIMITED .1 1. INTRODUCTION 1.1 DelistingProposal. HKL(MCL)PteLtd. HKL(MCL)”),anindirectwholly-ownedsubsidiar HongkongLandHoldingsLimited HongkongLand”),andMCLLandLimited(the Compan wish announcethatthe Board Directors(the Boar ”)o fo of theCompan hasreceived proposal(the DelistingProposal fromHKL(MCL) seekthe oluntar delisting
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      566 7 (ii) theExitOff being eptopen least:(a)21daysafterdespatch theExitOff Letter theExitOff Letter espatchedafterStockholders’appro theDelistinghasbeenobtained; (b)14daysafterthe announcement Stockholders’appro theDelisting theExitOff Letter despatchedtogetherwiththeDelistingCircular 10. INFORMATIONONHKL(MCL) HKL(MCL) asincorporated theRepublic Singapore 2005and an estmentholdingcompan anindirectwholly-wnedsubsidiar HongkongLand, member the ardineMathesonGroupAs thedate thisAnnouncement,HKL(MCL)directlyholds286,281,953Stoc Units representingapproximately77.4percent. thetotalSto Units 11. INFORMATIONONTHECOMPANY TheCompan substantialproper rouplistedontheMainboard theSGX-STanditsmainactivity residentialproper deelopment SingaporeandMalaysia. 12. DISCLOSUREOFSTOCKHOLDINGSANDDEALINGSANDADDITIONALINFORMATION 12.1
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Queen’s big Asian gambit
      1925 8/9  -  Over the next five to 10 years, 3i’s Michael Queen expects to see a shift in proportion of assets towards Asia. By Joyce Hooi By Joyce Hooi joyceh@sph.com.sg MOST corporate figures use words like “disaster” or “rocked” as in “the world was rocked by the financial
      YEN MENG JIIN  -  1,925 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Aug 23-27, 2010
      • Article, Illustration
        Lock icon Australia’s hung parliament to deepen market jitters
        105 10 THE Australian dollar may fall and share investors may look to other markets after the nation’s federal election failed to deliver a majority government for the first time in 70 years, according to market analysts. Australian Prime Minister Julia Gillard and Tony Abbott,
        AFP  -  105 words
      • Article
        Lock icon S’pore companies exploring M&As, but cautiously
        44 10 IN the search for the next piece of M&A action, “inflow” deals may not outpace “outflow” deals. But while cash-rich local companies are on the lookout, market watchers note that they are cautious in deploying funds for M&A.
        44 words
      • Article
        Lock icon Residential sector may lead hike in DC rates
        39 10 DEVELOPMENT charges are set to appreciate further, led by the residential sector which has seen brisk land deals. These charges are payable to enhance or intensify the use of some sites.
        39 words
      • Article
        Lock icon Mortgage default rates halve in 2 years
        57 10 MORTGAGE default rates in Singapore have fallen dramatically in the last two years, as a buoyant property market and a stable employment situation helped individuals repay more easily. According to DP Credit Bureau, the proportion of mortgagors that have fallen be- hind in
        57 words
      • Article
        Lock icon 6 brokerages emerge from ban’s shadow
        51 10 SIX brokerages banned up to one year from selling structured notes can resume sales of such products now, after the Monetary Authority of Singapore lifted the ban yesterday. They are CIMB Securities, DMG Partners Securities, Kim Eng Securities, OCBC Securities, Phillip Securities, and UOB-Kay
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      • Article
        Lock icon Biotech sector gets top marks but local players are surprised
        64 10 SINGAPORE has trumped the UK and other well known biotech hotspots to become the No 2 in the world for nurturing biotechnology innovation, according to a US magazine. But several local biotech players feel that the report flatters Singapore and
        64 words
      • Article
        Lock icon PCCW raises HK$1.3b in new share placement
        58 10 PCCW Limited Hong Kong’s largest provider of telecoms services raised HK$1.28 billion on Aug 23 via a placement of new shares representing a 7.38 per cent stake. This comes barely a week after it sold US$500 million of 5.5-year bonds its first foray
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      • Article
        Lock icon Moody market thinks party’s over for now
        43 10 EVEN earnings surprises in an exceptionally strong reporting season for the second quarter have failed to excite the market bulls as investors worry about other things slower earnings growth in the second half and global uncertainties.
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      • Article
        Lock icon Profitable Plot thickens, with a tinge of green
        57 10 COMPLETELY misguided is how the directors of strategic land investment firm Profitable Plots have described the complaints made against the company. Last week, the Commercial Affairs Department raided the offices of the Singapore-based company, carting away just about every document it had
        57 words
      • Article
        Lock icon CPF-linked funds post 6.6% losses in Q2: Lipper
        58 10 FUNDS registered under the Central Provident Fund investment scheme slipped into the red in the second quarter from small gains in Q1, as uncertainty over the eurozone debt crisis and the US economy took hold. The 334 funds fell 6.55 per cent
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      • Article
        Lock icon Developer with colourful past poised for delisting
        43 10 AN established property developer with a memorable corporate history is headed for an exit from the Singapore Exchange. Hongkong Land is proposing to buy all the shares in MCL it does not own at $2.45 apiece.
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      • Article
        Lock icon Taking no second chance on gambling
        45 10 SECOND Chance Properties has surprised the market with a mandatory “casino exclusion” ruling on its executive directors and key personnel. They have to make the necessary filings with the Casino Regulatory Authority to ban themselves from the gaming venues.
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    • NEXT WEEK | Aug 30 – Sept 3
      • Article
        Lock icon US DATA
        44 10 Aug 30 July personal income and spending Aug 31 Aug consumer confidence Aug Chicago PMI Sept 1 Aug ISM index July construction spending Sept 2 Initial claims July factory orders July pending home sales Sept 3 Aug nonfarm payrolls Aug unemployment rate
        44 words
      • Article
        Lock icon SINGAPORE DATA
        20 10 Aug 30 Q2 average monthly nominal earnings per employee Aug 31 July central govt operations June mid-year population
        20 words
      • Article
        Lock icon EVENTS
        20 10 Sept 2 FRANKFURT ECB Governing Council meeting. Interest rate announcement at 1145 GMT. News conference follows at 1230 GMT
        20 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      310 10 CRYPTIC CROSSWORD Across 1 Many grew old behind bars (5) 4 Military assistant gives notice to project worker (8) 8 Compel to do a favour, including thanks in return (8) 9 Turning a list into new form (8) 11 A professor of infinite wisdom (4-3) 13 Unwillingly late (9) 15
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    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      18 10 SATURDAY with Ludwig ‘It’s over... my lawyer got my club membership while my wife’s lawyer got the bungalow...’
      18 words
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  • BEACONS OF PHILANTHROPY
    • Article, Illustration
      Lock icon Philanthropy here gets professional
      1077 11  -  There is a shift to strategic giving and an inclination to get involved. By Teh Shi Ning involved.By Teh Shi Ning PHILANTHROPY in Singapore has reached an exciting phase of growth, as new trends and concepts could add breadth and depth to giving here. It is
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  • COMPANIES
    • Article
      Lock icon Record Sing-dollar bond sales in August
      641 12  -  Banyan Tree’s $50m three-year, Sing-dollar bond sale adds to a flurry of debt sales in recent weeks By Conrad Tan conradt@sph.com.sg Singapore AUGUST is turning out to be the month for record Singapore-dol-lar bond issuance, with some $4.6 billion in bonds sold so far
      641 words
    • Article, Illustration
      Lock icon Olam’s shares, target price up on strong FY ’10 results
      695 12  -  Better-than-expected showing also prompts research houses to lift their FY 2011 earnings forecasts for the company. By Felda Chay corporate focus By Felda Chay feldac@sph.com.sg INVESTORS scrambled to snap up Olam’s stock yesterday after the commodity supply chain manager reported
      BLOOMBERG  -  695 words
    • Article, Illustration
      Lock icon GuocoLand back in black, makes $532m rights issue
      766 13  -  It also says buyer of Shanghai office block has asked to delay deal By Kalpana Rashiwala kalpana@sph.com.sg Singapore GUOCOLAND, which returned to the black and announced a $532 million rights issue yesterday, revealed that the Chinese party which inked a one billion
      FILE PHOTO  -  766 words
    • Article
      Lock icon APB commissions bottling unit in Vietnam
      247 13 ASIA Pacific Breweries’ (APB) 60 per cent controlled Vietnam Brewery Limited (VBL) yesterday commissioned a new bottling line at its brewery in Danang, Vietnam. The plant, which was unveiled by Minister for Trade and Industry Lim Hng Kiang, is part of APB’s multiphase programme
      247 words
    • Article, Illustration
      Lock icon ST Index remains incredibly resilient
      572 14  -  stocks Ven Sreenivasan ven@sph.com.sg Senior correspondent WHATEVERreserva-tionsonemayhaveaboutthelo-cal bourse, it surely cannot be said that it is not resilient. Despite the declines on major markets in the face of a slew of negative news, theStraits TimesIndex has remained incredibly resilient. Yesterday,itchalkedupapositive session rising by 20 points
      572 words
    • Business briefing
    • Article
      Lock icon TOP GAINERS
      62 14 BY CENTS CLOSE UP DBXT S&P Short 10US$ 5517 71.8 1.0 MCL Land 245 50.0 25.6 UOB.ES.1008 1880 34.0 1.8 DBXT SPASX200 10US$ 2735 32.5 0.9 OCC 3.93% NCPS10 9080 30.0 0.3 UOB 1878 26.0 1.4 DBXT FTVietnam 10US$ 3553 24.4 0.5 Asia Pac Brew 1620 20.0 1.3
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    • Article
      Lock icon TOP LOSERS
      57 14 BY CENTS CLOSEDOWN DBXT MSKorea 10US$ 4677 -126.0 -1.9 DBXT Nifty 10US$ ***** -105.7 -0.7 GLD 10US$ ***** -62.3 -0.4 DBXT S&P500 10US$ 1654 -52.9 -2.3 DBXT MSBrazil 10US$ 634 -27.1 -3.1 JMH 4300 -24.4 -0.4 SIA 1520 -24.0 -1.6 SIA 200 1522 -20.0 -1.3 SIA.ES.1008 1524 -20.0
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    • Article
      Lock icon Qingmei reports 37% jump in profit as revenue soars 41.6%
      319 14  -  By Rachel Sim rachsim@sph.com.sg Singapore QINGMEI Group holdings has announced a 37 per cent increase in net profit for the year ended June 30 and is optimistic on future growth. The producer of high-end sports shoe soles reported a net
      319 words
    • Article
      Lock icon TOP 20 ACTIVES
      110 14 VOL CLOSE ChinaHongxing 66,752 16.5 1.0 6.5 LifeBrandz 62,000 1 0.0 0.0 VallianzHldgs 54,642 22.5 -1.0 -4.3 GentingSP 53,012 160 0.0 0.0 StyleMerc 49,243 5 0.5 11.1 Informatics 46,025 15.5 -0.5 -3.1 GoldenAgri 42,513 53.5 -1.0 -1.8 ChinaFashion 41,124 3 1.0 50.0 Olam 39,436 268 17.0 6.8
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    • Article
      Lock icon STI STOCKS
      107 14 Stock name Close Change CapMallsAsia 2.080 +0.010 CapitaLand 4.000 -0.010 CapitaMall 1.920 +0.030 CityDev 11.960 +0.060 ComfortDelGro 1.490 -0.010 DBS Grp 13.720 +0.060 F&N 5.550 Genting SP 1.600 Golden Agri 0.535 -0.010 HK Land 5.400 +0.080 JMH 43.000 -0.180 JSH 25.000 +0.020 Jardine C&C 32.840 Keppel Corp 8.850
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      Lock icon Page 13 Advertisements Column 1
      108 13 WATci NOTICES NI N IN THEMATTEROF THECOMPANIESACTCHAPTER50 AND THEMATTEROF WBREALESTTEINVESTMENT SERVICESSINGAPOREPTE (INMEMBER’SVOLUNTAR LIQUIDATION) (Company Registration no. *****7039G) NOTICE OF FINAL MEETING Notice hereby given that pursuant ot o to Section 308 the Companies Act, Chapter 50, the Final Meeting the Member theabovementionedcompany will beheldon29September2010 Guok venue,Singapore*****2. Themeeting beingheldforthepurpose fo f
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      Lock icon Page 13 Advertisements Column 2
      194 13 nI n In TheMatt Of The Companies Act, Cap. 50 And nI n In TheMatt Of SSTTORMLIONPTE Compa eg.No.2008 70H NNoottice Creditors’Meeting Pursuant Section296Of The Companies Act, Cap. 50 NNOOTICE hereb given pursuant ot o to Section 296 heCompanies Act, Cap.50, meeting hecreditors thhee aboenamedcompan will beheld on he Sep
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon How to look young at 125
      901 15  -  from the desk of Chen Tien Yue General Manager, Royal Selangor Marketing Sdn Bhd PRESERVING heritage while reinventing to stay relevant may seem like conflicting directions, but heritage can indeed be made a core element of a modern lifestyle brand. Consumers can be fickle.
      901 words
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      53 16 Riding with the bulls and the bears That's the power of BT Senior Correspondent Pulses Editor Teh Hooi Ling shows you how to put your money to work, in good times and bad. THE BUSINESS TIMES A publication of sph m r J 4 4 t f A X A
      53 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Maybank 1st yr home loans at under 1%
      603 17  -  New housing loan products expected to intensify competition By Conrad Tan conradt@sph.com.sg MAYBANK Singapore has launched a new range of home loan products with interest rates that start off at below one per cent, a move that could put even more pressure
      FILE PHOTO  -  603 words
    • Article
      Lock icon Over 1m visitors arrive in July: Record for single month
      359 17  -  By Grace Leong gleong@sph.com.sg VISITOR arrivals to Singapore in July surged past the one-million mark for the first time in a single month, powered by the regional recovery, the two casino resorts and aggressive promotion efforts, the Singapore Tourism Board
      359 words
    • Article
      Lock icon Du Val Group launches NZ property fund
      396 17  -  By Uma Shankari shankari@sph.com.sg AUCKLAND-BASED fund manager Du Val Group is looking for investors from Singapore and Hong Kong as it launches its maiden property fund a NZ$250 million (S$239.6 million) “mid market” fund that will focus solely on the New Zealand property
      396 words
    • Article
      Lock icon S’pore LNG mulling LPG terminal
      505 18  -  It hires consultant to study viability of the project as an alternative petrochemical feedstock By Ronnie Lim ronnie@sph.com.sg SINGAPORE LNG Corporation (SLNG), which has started work on its $1.5 billion liquefied natural gas terminal on Jurong Island, has hired a consultant to study the viability
      505 words
    • Article, Illustration
      Lock icon Citi golf event draws $500,000 for Tsao Foundation
      276 18 CITI has raised $500,000 for the Tsao Foundation through a charity golf event held on Thursday at Tanah Merah Country Club. The Tsao Foundation is a non-profit organisation dedicated to enhancing the quality of life for older people. The proceeds from Citi
      276 words
    • Article
      Lock icon Services sector receipts grow 8.5% in Q2
      269 18  -  By Lynn Kan lynnkan@sph.com.sg SINGAPORE’S services sector receipts grew 8.5 per cent year on year in the second quarter amid healthier business across the board, a Department of Statistics report shows. The report also shows that on a quarterly non-seasonally adjusted basis, services
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  • WORLD
    • Article
      Lock icon Troubled assets: Rich pickings for Americans
      498 19 Funds picked by govt under PPIP generate estimated return of 15.5% for taxpayers NYT Washington US TAXPAYERS are poised to make unexpected billions from rescuing the country’s banks. Now, they could reap another sizeable profit from a government programme devised to purge troubled real
      NYT  -  498 words
    • Article, Illustration
      Lock icon Sands casino in Macau delayed
      325 19 AFP Hong Kong THE Macau unit of Las Vegas Sands has announced a further delay in opening its glitzy US$4 billion casino resort in the city because of a shortage of construction workers. Sands China, which already runs the Venetian Macau, the Four Seasons and
      AFP; REUTERS  -  325 words
    • Article
      Lock icon AIG scraps plans to sell strategic stake in AIA
      428 19 Tight IPO schedule hampers sale discussions: source Reuters Hong Kong AMERICAN International Group Inc (AIG) has scrapped plans to sell a strategic stake in its Asian life insurance business, AIA, ahead of its initial public offering, a source familiar with the
      Reuters  -  428 words
    • Article, Illustration
      Lock icon Indian researchers develop wine from mangoes
      237 20 AFP Lucknow RESEARCHERS in northern India say they have developed a wine made from mangoes that they hope might one day compete with the traditional grape-based variety. Scientists at the Central Institute of Subtropical Horticultural Research in Lucknow have produced wines using three types
      AFP  -  237 words
    • Article
      Lock icon UK economy grows most since 2001
      441 20 GDP up 1.2% in Q2; consumer spending, govt expenditure also rise Bloomberg London THE UK economy expanded faster than previously estimated in the second quarter in the biggest growth spurt since 2001 as companies rebuilt stocks and construction work surged. Gross domestic product (GDP)
      Bloomberg  -  441 words
    • Article
      Lock icon China bars several foreign food products over safety concerns
      292 21 AFP Beijing CHINA’S quality watchdog has destroyed or blocked the import of a wide range of foreign food and cosmetic products amid concerns that they posed potential health risks, it announced on its website. The General Administration of Quality Supervision, Inspection
      AFP  -  292 words
    • Article, Illustration
      Lock icon RIM offers India proposal to avert BlackBerry ban
      735 21 It’s ready to find ways to balance the country’s security needs with customers’ privacy needs Bloomberg Reuters New Delhi RESEARCH In Motion Ltd (RIM), facing a possible ban on its BlackBerry service in India, offered to lead an industry forum in developing
      Bloomberg; Reuters; AFP  -  735 words
    • Article
      Lock icon HP duels with Dell and ups 3Par bid to US$2b
      345 21 Bloomberg AFP New York COMPUTER-MAKER giant Hewlett-Packard yesterday raised its offer for data storage firm 3Par to US$2 billion two hours after Dell’s latest bid. HP announced it increased its offer to US$30 per share in cash, or a total
      Bloomberg; AFP  -  345 words
    • Article, Illustration
      Lock icon Show ratings, not awards, matter more for Emmys
      582 22 Only increased viewership will ensure a good telecast deal for the TV academy AP Los Angeles WHEN the Emmy Awards air tomorrow (Monday morning Singapore time), more is at stake than whether 30 Rock wins its fourth consecutive best-series trophy, Mad Men
      AP; REUTERS  -  582 words
    • Article
      Lock icon USA Today sheds focus on print
      508 22 Major revamp in bid to reach readers through mobile devices AP San Francisco USA Today, America’s second largest newspaper, is making the most dramatic overhaul of its staff in its 28-year history as it de-emphasises its print edition and ramps up its effort to
      AP  -  508 words
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      Lock icon Page 20 Advertisements Column 1
      126 20 SGX Investor Day 28 August 2010 Suntec Singapore, Ballrooms 1 3, 1 W H,NG0UT 1®?°Vfonhyorihefv^W Saint Pten*®* 11 < YOUNG INVESTORS TV No needj* unhvwJ *****5,1 3 7 1 tj-js Accounting to get •"oujr f *Pat Ending 1 ou/Zc/s f/iq. "owes for iL hi w s r es ftn SET
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  • MARKETS
    • Article
      Lock icon Untitled
      9022 23 Transaction date: Aug 27 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 20.5 13 3148 8Telecom 18.5 -0.5 86 18.5 18.5 18.5 19 1.7 9.8 5.9 88.6 12 6 5834 A-Sonic 7 -0.5
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    • Article
      Lock icon SGX CATALIST
      1865 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 9 4.5 1181 t AA Grp 4.5 -0.5 200 4.5 4.5 4 5 25 4.3 225 130 6222 t APStrategic 194 184 191
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 4 0 0 0 8 3 4 Manufacturing 48 52 84 6 5 15 54 57 99 Commerce 20 11 33 3 8 5 23 19 38 Tpt/Stor/Comms 7 23 13
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      793 26 Compiled by BT SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 23 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Raffles Edu 27-Aug-10 Chew Hua Seng Buy 3000 0.28 *****4 31.52 *****4 31.63 Serial
      Compiled by BT  -  793 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,163 15,163 50,010 50,010 Manufacturing 300,675 90,396 391,071 187,051 8,641 195,692 Commerce 183,144 60,899 244,043 175,733 14,919 190,651 Tpt/Stor/Comms 82,066 1,227 83,293 143,665 94 143,760 Finance 13,170 13,170 125,515 125,515 Construction 34,709 28,165 62,874 6,533
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      129 27 Aug 27 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2060 1.2360 Can dollar 1.3030 1.3180 Euro 1.7290 1.7490 NZ dollar 0.9540 0.9750 Sterling pound 2.1150 2.1400 US dollar 1.3410 1.3560 Local dollars to 100 units of foreign currency: Currencies Bid
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      Lock icon STOCK MARKETS
      95 27 YTD change: +1.42% 52-week high: 3,043.28 on Aug 3,2010 52-week low: 2,560.15 on Sept 2,2009 Source: Bloomberg YTD change: -20.34% 52-week high: 3,361.39 on Nov 24,2009 52-week low: 2,319.74 on July 2,2010 Source: Bloomberg YTD change: -5.83% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 18,971.50 on May
      Source: Bloomberg  -  95 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 Aug 26 Index Change Change Change Change Change Change World Index Preliminary 778.8 0.3 -6.4 0.3 -10.7 0.7 -7.5 ‡EAFE Preliminary 722.5 0.7 -7.9 1.0 -13.2 1.4 -10.1 Europe Preliminary 1052.6 0.8
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      Lock icon INTERBANK CURRENCY RATES
      154 27 Aug 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2038 1.2053 0.8883 0.8888 Canadian dollar 1.2798 1.2809 0.9444 0.9446 Euro 1.7248 1.7263 1.2727 1.2730 NZ dollar 0.9546 0.9566 0.7044 0.7054 Sterling pound 2.1031 2.1049 1.5519 1.5522
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    • Article
      Lock icon LIFFE
      82 27 Aug 26 COCOA (£/tonne) Close Prev High/Low Sep 10 2023 2053 2054/2012 Dec 10 1945 1967 1992/1937 Mar 11 1957 1979 1990/1947 May 11 1970 1991 1992/1965 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1563 1559 1593/1553 Nov 10 1597 1591 1625/1583 Jan 11 1613 1607 1641/1599 Mar 11
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    • Article
      Lock icon CHICAGO BOT
      94 27 Aug 26 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 10 1013.*****0.*****5.*****0.50 Nov 10 1014.50 999.*****6.*****0.25 Jan 11 1022.*****7.*****3.*****7.50 Mar 11 1026.*****1.*****7.*****3.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Sep 10 39.49 39.14 39.66 39.18 Oct 10 39.67 39.32 39.82 39.43 Dec 10 40.08 39.72
      94 words
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      Lock icon PALM OIL
      64 27 Aug 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2680 2688 2688 2676 313 3259 Oct 10 2595 2604 2610 2592 852 ***** Nov 10 2530 2542 2557 2527 8616 ***** Dec 10 2525 2525
      64 words
    • Article
      Lock icon OIL
      73 27 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 75.06 2.49 WTI (Near Mth) 73.38 0.79 Dubai (1-Mth F) 72.44 1.40 Tapis blend 79.40 1.55 Minas 74.40 1.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 71.61 0.72 Jet Kerosene 84.40 1.00 US$/barrel Opec Oil Basket Price 71.41 1.41
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    • Article
      Lock icon LONDON METALS
      71 27 Aug 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2012.25 1992.25 3 months 2023.00 2003.00 Copper, Grade A (US$/tonne) Cash 7291.50 7080.75 3 months 7304.50 7101.00 Lead (US$/tonne) Cash 2000.00 1934.00 3 months 2025.50 1961.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon METALS
      66 27 Aug 27 GOLD (US$/oz) Aug 27 Aug 26 Hong Kong 1235.*****0.00 Aug 26 Aug 25 London 1239.*****7.90 1239.*****8.65 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.76 25.53 Source: UOB PLATINUM Lon (US$/oz) Aug 26 Close Previous PM Fix 1531.*****6.00 AM Fix 1534.*****4.00 Source: Thomson Reuters PLATINUM NYMEX
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Economy heats up politics
      927 28 / 29  -  A blame game and slanging match has started between Democrats and Republicans as companies and consumers brace for a double-dip recession Leon Hadar Washington correspondent btworld@sph.com.sg WITH home sales in the US dropping last month to their lowest level in 15 years, threatening to slow down
      BLOOMBERG  -  927 words
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      Lock icon Turn off that phone, man!
      816 28 / 29  -  David Mason The writer, a former partner of Price Waterhouse Singapore, runs his own consulting business in the UK. He can be contacted at boss@mcewenmasons.demon.co.uk I REMEMBER writing an article for The Business Times some 15 years ago bemoaning the fact that Singapore Airlines was
      BLOOMBERG  -  816 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Plane bonds favoured amid flat seat capacity
        1160 30 / 31 Investors scour credit markets for opportunities as the slowing economy fuels demand for fixed-income securities Bloomberg New York PACIFIC Investment Management Co (Pimco) and TCW Group Inc are investing in bonds guaranteed by aircraft as US carriers hold back from adding seats to
        Bloomberg; BLOOMBERG  -  1,160 words
      • BROKERS' TAKE
        • Article
          Lock icon Olam International
          328 30 / 31 Buy DBS Group Research Aug 27 Close: S$2.68 OLAM International reported net profit in Q4 FY2010 (the three months to end-June) of S$92.3 million (up 98 per cent y-o-y; 3 per cent q-o-q). Excluding some S$9 million in acquisition charges, earnings grew by 21 per cent q-o-q and
          328 words
        • Article
          Lock icon Second Chance Properties
          393 30 / 31  -  BUY DMG Partners Securities Aug 27 Close: S$0.38 Compiled by Conrad Tan Second Chance Properties’ revenue in Q4 FY2010 (the three months to end-June) of S$10.0 million (up 7.2 per cent y-o-y) was as expected, but net profit of S$6.7 million (a ten-fold increase from a year
          393 words
      • Article, Illustration
        Lock icon GDP and share prices: what’s the connection?
        1305 32  -  It is the stock market that predicts future GDP growth, so the market and the economy do not move in tandem wealth insight Ben Fok CEO, Grandtag Financial Consultancy (S) The writer is chief executive officer, Grandtag Financial Consultancy (Singapore) Pte Ltd. He
        1,305 words
      • Article, Illustration
        Lock icon Returns and dividend yields
        1519 33  -  A look at the STI component stocks with regard to these 2 factors show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder WHILE clearing my desk this week, I came across an article I had printed out from a
        1,519 words
    • WEALTH REAL ESTATE
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  • Page 34 Advertisements
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      Lock icon Page 34 Advertisements Column 1
      64 34 Featuring the Quality Homes Collection The Trizon. Beyond Excitement, Beyond Words. For enquiries: Kelvin Tan 9693 0383, KTan@savills.com.sg or Gladis Heng 9387 4624, GHeng@savills.com.sg To arrange for an appointment to view our show unit, please call 6836 3338 or search with us at savills Savills has more than 200 offices
      64 words
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  • Page 36 Advertisements
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      Lock icon Page 36 Advertisements Column 1
      42 36 J" AIDEMARS PIGLET Le maitre de I'horlogerie depuis 1875 v X.J r' v. m* ip»f t > k,. a*~: A 1 I! f V S> &0S >• 2s%;~ V W J,.,. I P I LII MILLENARY SELFWINDING For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com
      42 words
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      Lock icon Page 1 Advertisements Column 1
      53 1 LivingTHEBUSINESSTIMESWEEKEND|AUGUST28-*****0BTTHE BUSINESS TIMES WEEKEND AUGUST 28-29 2010 SPANISH FLAIR Restaurants in Barcelona the ones with Michelin stars and some without DINING The thing about tapas L6-7 WATCHES Time flies L12 PERSONAL SPACE Open concept L8-9 GOLF Get your game on L17 MOTORING F1 watch L20 PHOTOS JAIME EE HEALTH Work
      53 words
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  • BT Living
    • DESTINATION DINING
    • DINING
      • Article, Illustration
        Lock icon The thing about tapas
        1557 6 / 7  -  With tapas meals less of a novelty now, and with chefs and restaurateurs crossing the line between casual and fine dining, perhaps it’s time to recognise the coming of the Tapas Age.By Geoffrey Eu IT used to be that sitting on a high stool at a
        1,557 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon OPEN CONCEPT
        942 8 / 9  -  With sensible planning and design, the Koos have converted their apartment into a more effective living space. By Audrey Phoon personal space By Audrey Phoon aphoon@sph.com.sg WHEN Raymond Koo’s wife, Janet, suggested last year that the family move from their Mount Sinai terrace house to a more child-friendly
        942 words
    • STYLE
      • Article, Illustration
        Lock icon SNEAK ATTACK
        1042 10 / 11  -  As luxe labels enter the sneaker market, the demand for designer kicks is seriously stepping up. By Melissa Lwee up.By Melissa Lwee mellwee@sph.com.sg VALENTINO has long been known for couture gowns in its signature scarlet and luxurious bags decorated with extravagant leather rosettes. But high-top sneakers with thick,
        PEDDER RED PHOTOS BY YEN MENG JIIN, GUCCI PHOTO BY GETTY IMAGES  -  1,042 words
      • Article, Illustration
        Lock icon MAKING GLOBAL FOOTPRINTS
        637 10 / 11  -  By Melissa Lwee WHEN a brand has a Chinese name and is manufactured in China, you can bet that it isn’t going to be easy for it to go global the “made in China” tag, after all, is often associated with a lack of quality. But maybe
        637 words
      • Article, Illustration
        Lock icon BLING IT ON FOR THE BIRDS
        287 10 / 11  -  Cheah Ui-Hoon uihoon@sph.com.sg NEW YORK-based Matthew Campbell Laurenza of MCL marque–hadtowingthedesignandproductionof theopulent L’Ange de la Foret necklace in less than two months, butit was for agood cause– for theenvironment;primarily, birds. One of a Kind features 35 pieces of jewellery designed by international jewellers the
        287 words
    • WATCHES
      • Article, Illustration
        Lock icon TIME FLIES
        870 12  -  Motoring meets its match in horology with Parmigiani’s new Bugatti Super Sport a fitting tribute to the world’s fastest car. By Dylan Tan By Dylan Tan dylantan@sph.com.sg TOCALLtheBugattiSuperSportbyPar-migiani a watch is as much a crime as to call the Bugatti Veyron 16.4 Super Sport a car. The latter
        870 words
    • GADGETS
      • Article, Illustration
        Lock icon SHOW AND TELL
        745 13  -  THIS year’s COMEX electronics show, which runs from Sept2-5 at Suntec, will be the biggest ever in terms of total exhibition space, so statistically speaking there should be plenty of deals to grab. Here’s just a sampling of stuff worth looking forward to. By Christopher Lim By
        745 words
    • HEALTH
      • Article, Illustration
        Lock icon Work it out
        1987 14  -  New gyms have opened in Singapore which are fuelled by new technology and focused concepts for targeted training, Cheah Ui-Hoon surveys the new offerings Cheah Ui-Hoon uihoon@sph.com.sg MANAGEMENT executive Juliana Ong, in her 30s, was already attending bootcamp classes three to four times a week, but keen
        1,987 words
      • Article
        Lock icon wine & dine with BTWeekend
        747 14 wine dine with BTWeekend Pine Court Chinese Restaurant Level 35, Orchard Wing Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Ascend 35 stories of the Orchard Wing and arrive in style at Pine Court Chinese Restaurant, the home of authentic Cantonese cuisine. Delight in traditional signature dishes such as Classic Peking
        747 words
    • SPORT
      • Article, Illustration
        Lock icon A spectacular venue needs a spectacle
        599 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor THE contract to build the Sports Hub was finally signed, sealed and delivered late on Wednesday. The bank loans are in the bag. Construction will begin next month at long last. Now, the final piece
        599 words
      • Article, Illustration
        Lock icon Tantrums and girlfriends needed at US Open
        696 16  -  grand slam with christy simson Christy Simson ON MONDAY, the US Open, the final grand slam of the season, gets underway, presenting a last chance of glory for the world’s best tennis players. Some of you may not like this, but I’d like
        696 words
    • BT CORPORATE GOLF LEAGUE 2010
      • Article, Illustration
        Lock icon Get your game on
        331 17  -  There’s all to play for as the 3rd round tees off on Wednesday at SICC’s Sime course. By Justine Moss By Justine Moss btnews@sph.com.sg GOLFERSfrom25toplocalfirmsareprepar-ing to tee off next Wednesday in The Business Times Corporate Golf League’s third round on Singapore Island Country Club’s (SICC’s) Sime
        ARTHUR LEE  -  331 words
      • Article
        Lock icon Centurion flying high
        345 17  -  Reports by Justine Moss THE team from Centurion are flying high in The Business Times Corporate Golf League after two rounds. At No 4 on the ladder with 217 Stableford points, only three points separate them from current joint-leaders OAAG and Big Fish. “The others in the
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      • Article
        Lock icon E&Y shows its support
        347 17 THE plan to field players who have played the course beforehand and are familiar with the layout, is one strategy which Ernst Young (E&Y) have in place for next Wednesday’s third round of The Business Times Corporate Golf League at SICC. “It’s a challenging league and
        347 words
    • MOTORING
      • Article, Illustration
        Lock icon GET SMART
        543 18  -  The Volvo XC60 2.0T does not lack much in terms of standard equipment when compared with the more expensive T6. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE smart-looking Volvo XC60 just got a smarter powertrain. When it was first launched early last year, this handsome crossover came
        543 words
      • Article, Illustration
        Lock icon Green performance
        670 19  -  The Michelin PS3’s on-road prowess is married with environmental features that allow this sports model to stand out in its category. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE new Michelin Pilot Sport 3 (PS3) has arrived and it promises to have better performance as well as greener
        670 words
      • Article, Illustration
        Lock icon Form book points to Ferrari or McLaren
        741 20  -  Spa Francorchamps is a track which does not play to Red Bull’s strengths. By Steve Slater f1 watch By Steve Slater ??Steve Slater is an F1 race commentator on STAR Sports’ coverage of the Formula One. Catch the Belgian Grand Prix live on
        REUTERS  -  741 words
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