The Business Times, 4 September 2010
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2010-09-04
1
20
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section18 2010-09-04 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg SEPTEMBER 4 -5, 2010 S$1.00 MICA(P) 139/08/2010 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION18 words
-
Article, Illustration645 2010-09-04 1 Ven Sreenivasan - 47-year-old Goh may be unknown outside, but he has blazed a trail within SIA By Ven Sreenivasan ven@sph.com.sg Singapore InosonetiopicN the end, it was a dark horse that nosed out the frontrunners to claim one of the most prized jobs in aviation. Singapore Airlines (SIA)645 words
-
439 2010-09-04 1 Winston Chai - By Winston Chai winstonc@sph.com.sg Singapore A MONTH into the new season for the Barclays Premier League (BPL), the love for the game is keeping more than a few soc-cer-mad Singaporeans awake in the wee hours of the morning. A group of Singapore Telecommunications439 words
-
Page 1 Advertisements
-
Advertisement182 2010-09-04 1 the business www.businesstimes.com.sg the raffles conversation RICHARD EU, CEO OF EU YAN SANG 8-9 penalty awaits Dishonest flat buyers warned BUYERS of non-subsidised HDB flats wll face jail time or a fine or both if they are found to have made false declarations about ownership of private property here or182 words
-
Advertisement19 2010-09-04 1 BT CORPORATE GOLF In the name of camaraderie L16-17 SHOW ME THE MONEY The 'magic formula' still works 3319 words
-
-
TOP STORIES
-
530 2010-09-04 2 Emilyn Yap - Those found lying about properties abroad face imprisonment, cancellation By Emilyn Yap emilyny@sph.com.sg Singapore THE Housing Development Board (HDB) will be relying on buyers of nonsubsidised flats to declare if they own private properties here or overseas. Those found making false declarations530 words
-
Article137 2010-09-04 2 STI 3,002.56 (+15.90) STI FUTURES 2,999 (+16) SIMSCI 354.88 (+1.92) SIMSCI FUTURES 354.50 (+1.50) STOCKS Friday Change KL COMP 1,435.67 -5.40 NIKKEI 225 9,114.13 +51.29 HANG SENG 20,971.50 +102.58 SET 929.90 +9.36 JAKARTA 3,164.28 +42.13 MANILA 3,734.70 +68.16 KOSPI 1,780.02 +4.29 SHENZHEN B 708.30 +9.08 MUMBAI IND 18,221.43 -16.88137 words
-
Article, Illustration601 2010-09-04 3 67,000 new jobs added in August; stocks surge after report’s release latest us data| AP Washington PRIVATE employers hired more workers over the past three months than first thought, lifting hopes for the weak US economy ahead of the Labor Day weekend. ButAP; PHOTO: AFP - 601 words
-
790 2010-09-04 4 Grace Leong - Creditors can expect to recover a significant portion of what is owed, say liquidators By Grace Leong gleong@sph.com.sg Singapore THE creditors of bankrupt Progen Engineering may get some reprieve after the Court of Appeal on Thursday ordered its parent company to repay $18.5 million790 words
-
Article, Illustration410 2010-09-04 4 Reuters Toronto CHINESE and other investors have approached at least one big Canadian pension manager about a bid for Canada’s Potash Corp to rival BHP Billiton’s US$39 billion hostile offer. The disclosure by Alberta Investment Management Corp, which manages some C$70 billion (S$90 billion) in publicReuters; BLOOMBERG - 410 words
-
Article, Illustration451 2010-09-04 5 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg Singapore GRAND Prix Season Singapore (Sept 17-26) is zipping back into town. Themed “It’s Going to Get Loud”, the 2010 season a 10-day collection of race-themed events, arts experiences and parties excludes some of 2009’s more popular offerings suchFILE PHOTO - 451 words
-
Article, Illustration730 2010-09-04 6 Conrad Tan - It aims to grow beyond M’sia into S’pore and Indonesia By Conrad Tan conradt@sph.com.sg Singapore MAYBANK, Malaysia’s biggest lender, has set up a dedicated Islamic banking hub here as part of a concerted push to expand the business beyond its home market, asAFP - 730 words
-
376 2010-09-04 6 Reuters Beijing CHINA yesterday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks. The Chinese government’s currency reserves, the world’s largestReuters - 376 words
-
200 2010-09-04 6 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg Singapore SAVERS will enjoy higher deposit insurance (DI) of $50,000 up from the current $20,000 next year. This should assure depositors given that the government guarantee on deposits will expire on Dec 31. The government guarantee announced200 words
-
-
Page 2 Advertisements
-
Advertisement128 2010-09-04 2 CONTENTS NEWS Top Stories 2-6 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-5 KL Hawker Guide L6-7 Travel L8-9 Home&128 words
-
Advertisement41 2010-09-04 2 GCEAN FRONT SENTOSA COVE' Open House 2-opm Ocean Front <® Sentosa Cove Super Penthouse, 8095 sqft Stunning sea, Marina Bay view Single Floor with Rooftop pool Designer's Decor, Show Flat Motivatied Seller KHTAN 9456-7348 Newsman Realty Pte Ltd Sole Marketing Agent M41 words
-
Advertisement21 2010-09-04 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
-
-
Page 3 Advertisements
-
Advertisement88 2010-09-04 3 Never invest in anything without the right signature. Eln today's investment environment one signature stands out as a sign of trust, reliability and performance J.P. Morgan. Ask for our funds by name when you next talk to your investment advisor. J.PMorgan Asset Management www.jpmorganam.com.sg Investors should note that any investment88 words
-
-
Page 5 Advertisements
-
Advertisement90 2010-09-04 5 A signature you can trust. What better guarantee can you have than a name you can trust? That's why we put our signature on every one of our funds. Ask for them by name next time your talk to your investment advisor. J.PMorgan Asset Management www.jpmorganam.com.sg Investors should note that90 words
-
-
Page 7 Advertisements
-
Advertisement84 2010-09-04 7 <©> HYUnDHI Drive your way wr r, •a. 4 $98,999 Fluidity Sculpture Max. Power 166/6,200 (ps/rpm) Fuel Efficiency of 11.7 km/I Downhill Brake Control Hill-Start Assist Control ESP and Cruise Control O www.komoco.com.sg Start/Stop Button' Pod Style Instruments Gauge 6-Speed Auto Transmission VISIT OUR SHOWROOMS OR CALL US NOW! Komoco84 words
-
-
THE RAFFLES CONVERSATION
-
Article, Illustration2415 2010-09-04 8/9 Jamie Lee - Richard Eu refocused his 131-year-old family business synonymous with traditional Chinese medicine from distribution to retail and in the process brought TCM into the modern age. By Jamie Lee By Jamie Lee leejamie@sph.com.sg RICHARD Eu has a twinkle in his eye a testament to hisYEN MENG JIIN - 2,415 words
-
-
WEEK IN REVIEW/WEEK AHEAD
-
THIS WEEK | Aug 30 – Sept 3, 2010
-
68 2010-09-04 10 THE government will take further action to cool the property market and curb speculation in the resale market for HDB flats. “We’ve twice acted to cool the market once last year, and once in February this year but the prices are still rising,” Prime68 words
-
Article, Illustration97 2010-09-04 10 THE economy may be bouncing back strongly with growth of 18 per cent in the first half and 13-15 per cent tipped for the full year but the issue of foreign workers still looms large, if not larger. The dilemma, said Prime MinisterFILE PHOTO - 97 words
-
53 2010-09-04 10 THE US stock market has taken some hits in August but has not fallen under the weight of a slowing global economy and the threat of a double-dip recession in the US. But that could change in a hurry in September, which is historically the53 words
-
59 2010-09-04 10 THE move to disallow concurrent ownership of HDB flats and private residential property within the minimum occupation period is the most significant of the latest measures to cool the property market, say analysts. The MOP is the time that buyers are required59 words
-
50 2010-09-04 10 FRESH moves to deter anti-com-petitive behaviour by telcos are aimed at bringing in more broadband service providers to make thebest useof Singapore’supcoming high-speed network, analysts say. The government has proposed stiffer penalties among other things for telcos that unfairly elbow out competitors.50 words
-
52 2010-09-04 10 LOCAL telcos SingTel, StarHub and M1 are taking their bitter rivalry from this generation to the next in a services showdown on Singapore’s next information superhighway. They will go head-to-head on an entire spectrum of new ultra high-speed broadband packages for consumers52 words
-
61 2010-09-04 10 AS expected, the government has raised development charge rates for residential, commercial and industrial uses on the back of Singapore’s broad-based property market recovery. The hikes reflect the fact that all land deals in the past six months were sealed at prices61 words
-
57 2010-09-04 10 THE Singapore economy could expand by a record pace this year that exceeds the government’s 13-15 per cent forecast, a survey of private sector economists shows. But the higher base from which next year’s growth will be measured, as well as external uncertainties, have57 words
-
44 2010-09-04 10 THE market capitalisation of Singa-pore-listed companies dipped half a per cent to $759.4 billion at the end of August, from $763.1 billion at end-July, and analysts say that the downtrend could continue in the near-term.44 words
-
48 2010-09-04 10 THE first round of an auction for the South-east Asian operations of French retailer Carrefour has attracted bids from private equity firms and retail chains in Europe and Asia including Singapore’s NTUC FairPrice, sources close to the deal said.48 words
-
55 2010-09-04 10 THE market for initial public offerings may still end 2010 with a bang if some highly anticipated mega IPOs make their way here. Industry players are expecting at least three blockbuster listings by the end of the year, of which two are55 words
-
-
NEXT WEEK | Sept 6 – Sept 10
-
Article23 2010-09-04 10 Sept 8 Sept Fed’s Beige Book July Consumer credit Sept 9 Initial claims Continuing claims July Trade balance July Wholesale inventories23 words
-
Article69 2010-09-04 10 Sept 6 TOKYO Bank of Japan Monetary Policy Meeting (to Sept 7) BRUSSELS EU finance ministers (Task Force) meet to discuss changes to EU budget rules. Sept 7 TOKYO Bank of Japan Monetary Policy Meeting followed by Bank of Japan governor Masaaki Shirakawa’s news conference BRUSSELS Eurozone finance ministers69 words
-
-
-
Page 10 Miscellaneous
-
Miscellaneous327 2010-09-04 10 CRYPTIC CROSSWORD Across 1 Pound is given to me in immediate part-payment (10) 9 The prosecutor has to act see foot of column (4) 10 Leave the wrong impression (10) 11 Various colours for sunglasses (6) 12 Motor takes on fresh fuel, being cautious (7) 15 Oil change needed after327 words
-
Miscellaneous17 2010-09-04 10 SATURDAY with Ludwig ‘I knew our relationship was over when he insisted on separate Internet service providers...’17 words
-
-
COMPANIES
-
556 2010-09-04 11 Angela Tan - Golden Veroleum will develop 220,000ha of land into palm oil plantations in the war-torn West African nation By Angela Tan angelat@sph.com.sg Singapore GOLDEN Agri Resources, the palm oil group owned by Indonesia’s Sinar Mas Group, confirmed yesterday its involvement in the US$1.6 billion project556 words
-
Article423 2010-09-04 11 Felda Chay - By Felda Chay feldac@sph.com.sg Singapore THE Clementi Mall, a new mall in which Singapore Press Holdings (SPH) has a 60 per cent stake, is scheduled to be operational by January next year, with Fairprice Finest, Foodfare and the National Library Board (NLB) as its anchor423 words
-
671 2010-09-04 12 Region is next best thing after giant markets China and India, which come with tough regulatory hurdles Reuters Singapore GLOBAL drinks firms, thirsty for acquisitions to expand their offerings and reach, are eyeing assets in South-east Asia, as tough regulatory hurdles quash their interestReuters - 671 words
-
Article, Illustration280 2010-09-04 12 Uma Shankari - By Uma Shankari shankari@sph.com.sg Singapore WING Tai Holdings will relaunch the remaining apartments in its Oxley Walk luxury Belle Vue Residences at prices between $2,300 and $2,800 per square foot (psf), the developer said yesterday. Deputy chairman Edmund Cheng also said he believed that280 words
-
Article, Illustration553 2010-09-04 14 R Sivanithy - stocks R Sivanithy sivan@sph.com.sg Senior correspondent WHAT would traders do without the Genting stable to fall back on? It’s a question many can quite legitimately ask after this week’s trading drew to a close yesterday, a session in which Genting’s shares dominated activity largely553 words
-
482 2010-09-04 14 THE Singapore Exchange will go live with new technology to boost trading speeds in the coming year, but some market participants are concerned thattheexchange’sclearingandsettlement still carry high fees and are complex to execute in a pan-Asian context, reports Finance Asia. It’s good that SGX482 words
-
Article111 2010-09-04 14 VOL CLOSE GentingHK US$ 367,878 42 16.2 40.0 GentingSP 133,186 178 2.0 1.1 Spicei2i 105,675 12.5 1.5 13.6 Informatics 57,552 17 0.5 3.0 UniFiber 37,949 5 0.0 0.0 VallianzHldgs 33,631 19.5 0.0 0.0 RafflesEdu 33,399 26.5 0.0 0.0 UPP 33,031 18 1.0 5.9 Yangzijiang 32,985 164 4.0111 words
-
Article109 2010-09-04 14 Stock name Close Change CapMallsAsia 2.210 +0.040 CapitaLand 3.940 +0.030 CapitaMall 2.000 +0.030 CityDev 11.220 +0.040 ComfortDelGro 1.540 +0.010 DBS Grp 14.120 F&N 5.650 +0.080 Genting SP 1.780 +0.020 Golden Agri 0.575 -0.005 HK Land 5.500 -0.040 JMH 43.440 +0.620 JSH 25.000 +0.420 Jardine C&C 35.340 +0.640 Keppel109 words
-
Article61 2010-09-04 14 BY CENTS CLOSE UP JMH 4344 83.5 1.4 DBXT MSKorea 10US$ 4820 79.4 1.2 DBXT iBoxxKR 5US$ ***** 64.6 0.4 Jardine C&C 3534 64.0 1.8 JSH 2500 56.5 1.7 GLD 10US$ ***** 48.5 0.3 DBXT MSTaiwan 10US$ 1595 22.9 1.1 Lyxor China H 10US$ 1523 22.9 1.1 OCC61 words
-
Article61 2010-09-04 14 BY CENTS CLOSEDOWN DBXT iBOXXUSTr 5US$ ***** -144.0 -0.6 DBXT Nifty 10US$ ***** -75.4 -0.5 DBXT S&P Short 10US$ 5304 -51.2 -0.7 Lyxor India Nifty 10 1614 -30.0 -1.8 SIA 200 1546 -14.0 -0.9 OmegaNav 220 -10.0 -4.3 Keppel Corp.ES.1009 888 -9.0 -1.0 Haw Par Corp 581 -8.061 words
-
Business briefing
-
62 2010-09-04 14 CHIP Eng Seng Corporation said its subsidiary, Evervit Development, has entered into an option to buy the freehold industrial land at No 98 and 100 Pasir Panjang Road for $62.8 million excluding Goods and Services Tax. The 54,201 square feet site can be62 words
-
Article33 2010-09-04 14 THE Singapore Exchange has placed A-Sonic Aerospace on its watch-list yesterday. A-Sonic needs to meet the listing requirements within 24 months from Sept 3, 2010, or face delisting.33 words
-
74 2010-09-04 14 TIONG Woon Corporation Holding said that a claim has been commenced against its subsidiary, Tiong Woon Crane (TWC), in the High Court by a customer. The $3.3 million claim is filed for the alleged breach of certain terms in an agreement between TWC and74 words
-
-
-
Page 11 Advertisements
-
Advertisement161 2010-09-04 11 v004 nil HMO ISEAS is pleased to announce its latest publication In Lieu of Ideology An Intellectual Biography of Goh Keng Swee By Dr Ooi Kee Beng $39.90 soft cover Available in major bookstores ISEAS Prize Winning Books in 2010 Excellence Award in the "Best Book Best Writer on Asian161 words
-
-
Page 12 Advertisements
-
Advertisement344 2010-09-04 12 ,I I, RRaimondoJohnSarich,bachelor 60Bayshor Rd#08-05,(S)*****2intend marr ichelle TThenSu ungsingle 635C unggolDr#10-629, (()S S) *****5 BulgariHotels Resor Bali,Uluwatu Bali-Indonesiaon2-Ot-2010.An person wing fo f of an wfulimpediment themarriageshould withoutdela notifythe onsular tion,British High ommissionSingapor 100 anglin Road (S)*****9. FOXHOLDINGSPTE. TD. (Company Registration No: *****2706K) Incorporated Singapore NOTICE OF MEETING OF CREDITORS NOTICE344 words
-
-
Page 13 Advertisements
-
Advertisement1474 2010-09-04 13 VOLUNTARY CONDITIONAL CASH OFFER by ANZ SINGAPORE LIMITED (Company Registration No.: *****2937W) (Incorporated in the Republic of Singapore) for and on behalf of PEAK RETAIL INVESTMENTS PTE. LTD. (Company Registration No.: *****0755C) (Incorporated in the Republic of Singapore) to acquire all the issued and paid-up ordinary shares in the capital1,474 words
-
-
FROM THE DESK OF
-
Article, Illustration793 2010-09-04 15 Johan Svanstrom - Room inventory in Singapore is being ramped up to ride the wave of increased tourism from the desk of Johan Svanstrom Vice-President and Managing Director Hotels.com Asia Pacific THIS year has been an exciting one for Singapore tourism. Visitor numbers are up, hotel occupancy793 words
-
-
SINGAPORE
-
Article, Illustration659 2010-09-04 16 Siow Li Sen - saturday soapbox| Siow Li Sen lisen@sph.com.sg Senior correspondent YOU get what you pay for. This was once again brought home to me this week when I began terminating services following my younger son’s departure for overseas study. One of them was659 words
-
Briefing
-
Article75 2010-09-04 16 LUI Tuck Yew, Acting Minister for Information, Communications and the Arts, has named eight new members to the National Arts Council (NAC). They will serve for two years, from Sept 1, 2010 to Aug 31, 2012. Among the eight are Woo Mun Ngan, LianheZaobao’szbNow assistanteditor;VinodKumar,75 words
-
71 2010-09-04 16 DUTCH Transport Minister Camiel Eurlings will meet Raymond Lim, Singapore’s Transport Minister, on Sept 8. Mr Eurlings will visit the Land Transport Authority and the Kallang-Paya Lebar Expressway operations control centre to learn more about Singapore’s experience with traffic management, road safety and urban71 words
-
107 2010-09-04 16 THE Urban Redevelopment Authority will close the permanent exhibition area of the Singapore City Gallery from Sept 6. URA plans to revamp the area on the second and third floors of the URA Centre at Maxwell Road with new exhibits when107 words
-
-
361 2010-09-04 17 Nisha Ramchandani - Senior Minister on what the next laps holds for NUH which celebrates its 25th anniversary By Nisha Ramchandani nishar@sph.com.sg SINGAPORE’S first restructured hospital, the National University Hospital (NUH), celebrated its 25th anniversary yesterday. Senior Minister Goh Chok Tong, who officiated at361 words
-
Article613 2010-09-04 18 Rachel Sim - Dover Park Hospice Sunday Walk draws good response from companies giving their time and money to support the terminally ill By Rachel Sim rachsim@sph.com.sg SEVERAL companies have stepped forward to support this weekend’s Dover Park Hospice Sunday Walk 2010, a joint event organised by613 words
-
Article, Illustration316 2010-09-04 18 Uma Shankari - By Uma Shankari shankari@sph.com.sg DIFFERENT styles of red wine from around the world took centre stage at The Business Times Wine Night on Thursday. Proceedings got off to a great start when Eric Brand, general manager and director of operations for event sponsorARTHUR LEE - 316 words
-
-
Page 16 Advertisements
-
Advertisement754 2010-09-04 16 MAT3 c Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES REYPHON REYPHON AGRICEUTICAL LIMITED (Incorporated in the Republic of Singapore on 22 September 2006) (Company Registration No. *****3997H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Reyphon Agriceutical Limited (the “Company”) will be held754 words
-
-
Page 17 Advertisements
-
Advertisement636 2010-09-04 17 MAND OR CONDITIONALOFFER by SA CAPITALPRIV LIMITED (Compan RegistrationNo *****1542N) (Incorporated theRepublic Singapore) ffro r or andonbehalf LINK CREST LIMITED (Compan RegistrationNo *****65) (Incorporated theBritishVirginIslands) ot o to acquirealltheissuedandpaid-upordinar shares thecapital PINE RITECHLIMITED (Compan RegistrationNo *****) (Incorporated Ber uda) otherthanthosealready wned,controlled agreed beacquired theOfferorandpartiesacting concer with .1 1. DESP CHOFOFFERDOCUMENTANDOPTIONSPROPOSALLETTER636 words
-
-
Page 18 Advertisements
-
Advertisement287 2010-09-04 18 WAT>i 3* RECRUIT IT-SELL IT• FIND IT R Pacific Radiance Pacific Radiance Limited is a holding company based in Singapore with subsidiaries in the shipbuilding, chartering and operating of Offshore Supply Vessels (OSV) as well as Diving Support Vessels (DSV); and providing support services to the Oil and Gas Exploration287 words
-
-
WORLD
-
Article, Illustration554 2010-09-04 19 Russia’s extension of a ban on wheat exports stokes fears of a repeat of food shortages that led to riots two years ago AP Reuters Rome A UN food agency has called a special meeting on the recent spike in food prices,AP; Reuters - 554 words
-
407 2010-09-04 19 Upturn for China, Germany; slowdown in UK, Spain, US Reuters London SURVEYS of the global service sector have highlighted a growing divergence in economic recovery, with a pick-up in growth in China and Germany but slowdowns in Britain and Spain and an expectedReuters - 407 words
-
299 2010-09-04 19 Bloomberg Washington THE global financial crisis has forced as many as 30 million people out of work since 2007, and economies need ways to atemore“decent”jobs,theInternational Monetary Fund (IMF) and International Labour Organization (ILO) said. The two institutions will examine “major challenges inBloomberg - 299 words
-
Article, Illustration551 2010-09-04 20 Officials fighting terrorism have a right to demand access to users’ information from BlackBerry, RIM London THE Canadian manufacturer of Blackberry should give law enforcement agencies around the world access to its customer data, the UN telecommunications chief said, adding that governments have legitimateAP - 551 words
-
425 2010-09-04 20 Bloomberg Jakarta INDONESIA has ordered banks to set aside more cash as reserves after inflation accelerated to a 16-month high in the world’s fourth most populous nation. Lenders will be required to set aside 8 per cent of their depositsBloomberg - 425 words
-
Article, Illustration684 2010-09-04 21 Karel De Gucht says he did not mean to cause offence or stigmatise the Jewish community AP Brussels THE European Union’s trade chief apologised yesterday for blamingJewsandthe“Jewishlobby” in Washington for blocking Mideast peace as the embarrassed EU head office quickly distanced itself from hisAP; AFP - 684 words
-
465 2010-09-04 21 Bloomberg New York BANKS must do more to align employee pay with risk-taking and they have made little progress in meeting disclosure goals, according to a report from the Institute of International Finance. The report, based on a survey of 37 respondents thatBloomberg - 465 words
-
348 2010-09-04 21 Reuters Tokyo JAPANESE companies cut capital spending in the April-to-June quarter by a less-than-expected 1.7 per cent from the same period last year, pointing to an upward revision of an anaemic preliminary reading for second-quar-ter gross domestic product (GDP)Reuters - 348 words
-
Article, Illustration574 2010-09-04 22 Group says the US$3.26b deal the largest leveraged buyout of a fast-food chain ever will help it expand more rapidly overseas AP Chicago BURGER King Holdings agreed on Thursday to sell itself for US$3.26 billion to 3G Capital, an investment firmAP; BLOOMBERG - 574 words
-
442 2010-09-04 22 They held onto shares bought around the time of the firm’s IPO Bloomberg San Francisco PATIENCE has paid off for the venture capitalists who backed data-storage supplier 3Par Inc. Hewlett-Packard Co on Thursday won a bidding war with an offer of US$33Bloomberg - 442 words
-
-
Page 20 Advertisements
-
Advertisement16 2010-09-04 20 o, www o sg 4 V omy. O ZK7I&I /Six V http //eat a 4 omy.sg16 words
-
-
Page 22 Advertisements
-
SGX
-
Article8998 2010-09-04 23 Transaction date: Sep 3 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 unch 959 18.5 18.5 18.5 19 1.7 9.8 5.9 88.6 12 6 5834 A-Sonic 6.5 -18,998 words
-
Article1815 2010-09-04 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 $mil 9 4.5 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 194 175 190 115.1 4 0.5 15011,815 words
-
Article186 2010-09-04 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 5 0 0 0 6 6 5 Manufacturing 62 43 67 2 4 16 64 47 83 Commerce 21 16 29 4 1 10 25 17 39 Tpt/Stor/Comms 21 7 14186 words
-
Article848 2010-09-04 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 30 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) BRC Asia Ltd 2-Sep-10 Lau Eng Lin *Buy 1000 na ***** 7.20 ***** 7.33 BRC Asia Ltd848 words
-
Article118 2010-09-04 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,948 15,948 53,858 53,858 Manufacturing 318,914 28,683 347,597 218,227 7,014 225,241 Commerce 63,345 54,555 117,900 59,990 8,957 68,947 Tpt/Stor/Comms 72,431 5,528 77,959 122,424 815 123,239 Finance 16,787 70 16,857 176,117 9 176,126 Construction 54,915 2,587118 words
-
-
MARKETS
-
Article129 2010-09-04 27 Sep 3 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2150 1.2520 Can dollar 1.2710 1.2870 Euro 1.7160 1.7360 NZ dollar 0.9540 0.9760 Sterling pound 2.0620 2.0860 US dollar 1.3400 1.3560 Local dollars to 100 units of foreign currency: Currencies Bid129 words
-
Article, Illustration92 2010-09-04 27 YTD change: +3.62% 52-week high: 3,043.28 on Aug 3,2010 52-week low: 2,573.88 on Sept 3,2009 Source: Bloomberg YTD change:-18.97% 52-week high: 3,361.39 on Nov 24,2009 52-week low: 2,319.74 on July 2,2010 Source: Bloomberg YTD change:-4.12% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 18,971.50 on May 27,2010 Source:Source: Bloomberg - 92 words
-
374 2010-09-04 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 2 Index Change Change Change Change Change Change World Index Preliminary 802.5 0.4 -3.6 0.5 -8.4 0.4 -4.5 ‡EAFE Preliminary 745.3 0.4 -5.0 0.5 -10.7 0.4 -6.9 Europe Preliminary 1093.9 0.1374 words
-
Article154 2010-09-04 27 Sep 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2243 1.2259 0.9096 0.9101 Canadian dollar 1.2763 1.2779 0.9482 0.9487 Euro 1.7265 1.7281 1.2827 1.2829 NZ dollar 0.9639 0.9653 0.7161 0.7166 Sterling pound 2.0776 2.0792 1.5435 1.5436154 words
-
Article82 2010-09-04 27 Sep 2 COCOA (£/tonne) Close Prev High/Low Sep 10 1943 1926 1948/1915 Dec 10 1945 unch 1951/1934 Mar 11 1959 1960 1960/1949 May 11 1976 1974 1981/1966 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1611 1617 1615/1606 Nov 10 1641 1647 1650/1624 Jan 11 1655 1662 1665/1639 Mar 1182 words
-
Article94 2010-09-04 27 Sep 2 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 10 1007.*****4.*****8.50 999.50 Nov 10 1009.*****5.*****0.*****0.75 Jan 11 1018.*****5.*****0.*****0.75 Mar 11 1025.*****0.*****5.*****7.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Sep 10 39.66 39.55 39.69 39.31 Oct 10 39.82 39.73 39.89 39.45 Dec 10 40.20 40.1294 words
-
Article66 2010-09-04 27 Sep 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2695 2695 2700 2692 654 2369 Oct 10 2603 2624 2631 2602 1035 ***** Nov 10 2550 2570 2574 2546 6589 ***** Dec 10 2540 256466 words
-
Article75 2010-09-04 27 Sep 2 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 75.32 -0.57 WTI (Near Mth) 74.97 1.07 Dubai (1-Mth F) 74.54 0.57 Tapis blend 81.10 0.65 Minas 76.00 0.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.77 1.49 Jet Kerosene 86.50 1.65 US$/barrel Opec Oil Basket Price75 words
-
Article71 2010-09-04 27 Sep 2 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2119.50 2084.75 3 months 2145.00 2108.00 Copper, Grade A (US$/tonne) Cash 7623.25 7593.25 3 months 7635.00 7606.00 Lead (US$/tonne) Cash 2129.50 2088.25 3 months 2155.00 2115.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
-
Article66 2010-09-04 27 Sep 3 GOLD (US$/oz) Sep 02 Sep 03 Hong Kong 1247.*****1.50 Sep 01 Sep 02 London 1244.*****1.30 1244.*****1.70 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.54 26.32 Source: UOB PLATINUM /Lon (US$/oz) Sep 02 Close Previous PM Fix 1550.*****1.00 AM Fix 1538.*****8.00 Source: Thomson Reuters PLATINUM NYMEX66 words
-
-
PERSPECTIVE
-
Article, Illustration873 2010-09-04 28 / 29 John Gee - The toll is much more than the civilian and military deaths Iraq today is a more divided violence-prone society, thousands of traumatised soldiers are in need of lifelong care and it shred the reputations of many politicians and media outfits John Gee The author isAP FILE PHOTO - 873 words
-
819 2010-09-04 28 / 29 Robert J Samuelson - By Robert J Samuelson The Washington Post Writers Group THE logic of the economic recovery isn’t working or, at any rate, not well. By that logic, over-borrowed Americans would repay loans and replenish depleted savings, creating a temporary drop in consumer spending and economicThe Washington Post Writers Group - 819 words
-
-
Wealth
-
WEALTH INVESTING
-
Article, Illustration1509 2010-09-04 30 / 31 Shane Oliver - The easy days when you could buy anything and generally reap a good return are long gone. However, some assets still provide attractive return prospects Shane Oliver AMP Capital Investors The writer is head of investment strategy and chief economist at AMP CapitalAFP - 1,509 words
-
BROKERS' TAKE
-
Article225 2010-09-04 30 / 31 Buy DMG Partners Securities Sept 3 Close: $0.465 GROWTH momentum in FY10 is expected to continue, supported by government spending on China’s healthcare industry and the ageing population. C&O will be launching two new products over the next two quarters, which could add to its revenue stream. Its225 words
-
Article187 2010-09-04 30 / 31 Outperform CIMB Sept 3 Close: $4.17 FOLLOWING our recent meeting with management, we remain confident about SPH’s prospects. We expect ad demand to improve further y-o-y from healthy retail and job markets. No change to our earnings estimates. Our sum-of-the-parts target price remains $4.47. We maintain our187 words
-
Article283 2010-09-04 30 / 31 Lynette Khoo - Fully valued DBS Vickers Sept 3 Close: $2.50 Compiled by Lynette Khoo WEattended StarHub’sconferenceyesterday and came out assured about its preparedness in the consumer market. However, StarHub needs to be cautious of new entrants in the low-end SME market. In the high-end corporate market, StarHub may not have all283 words
-
-
Article, Illustration1274 2010-09-04 32 Reason: Developing nations have less debt, more profitable firms and are growing twice as fast as advanced economies Bloomberg London EMERGING-MARKET stocks are trading at the highest valuations relative to ad-vanced-country shares in more than two years as faster economic growth persuades the biggestBloomberg; REUTERS - 1,274 words
-
Article, Illustration1461 2010-09-04 33 Teh Hooi Ling - Updated study shows highest ROE/PTB stocks yield best returns, while stocks with low ROE and high PTB are toxic show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder IN cyberspace, words or ideas have a life of theirCompiled by BT - 1,461 words
-
-
WEALTH REAL ESTATE
-
1021 2010-09-04 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 14 LANDED Jln Senang 2-Sd 10/08/2010 FH 4767 2890 606 Lor 3 Geylang 2-Ter 05/08/2010 60 725 1201,021 words
-
Article, Illustration556 2010-09-04 35 Property prices stabilising, gearing is down after strong earnings in latest fiscal year Reuters Sydney AUSTRALIAN property trusts face a positive outlook as property prices stabilise and gearing falls after companies delivered mostly strong earnings in the latest financial year. An economy which grewReuters; BLOOMBERG - 556 words
-
303 2010-09-04 35 Bloomberg Kuala Lumpur MALAYSIA’S property industry was upgraded at OSK Research Sdn, which said the country may be at the beginning of its biggest residential real estate boom in more than a decade. “We are currently at the locus of another major turning pointBloomberg - 303 words
-
-
-
Page 34 Advertisements
-
Advertisement61 2010-09-04 34 HI Featuring the Quality Homes Collection Five Chancery. Redefining Exclusivity. For enquiries: Lawrence Chia 9617 2884, Ichia@saviIls.com.sg Jeffrey Goh 9387 3372, jtgoh@savills.com.sg To arrange for an appointment to view our sales gallery, please call 6836 3338 or search with us at Savills has more than 200 offices and associates worldwide61 words
-
-
Page 36 Advertisements
-
Advertisement64 2010-09-04 36 J" 4UDEMARS PlGUET Le maitre de I'horlogerie depuis 1875 fifi 35 m ;sv r f ii o 3 to l* "V K LV-: r T- v r r A rr i kv A f I wm t L rtx* L., V I ie«=9HSi. 1^ 1 7 t r fUf f64 words
-
-
Page 1 Advertisements
-
Advertisement59 2010-09-04 1 LivingTHEBUSINESSTIMESWEEKEND|SEPTEMBER4-*****BTTHE BUSINESS TIMES WEEKEND SEPTEMBER 4-5 2010 KL HAWKER GUIDE Snack attack L6-7 TRAVEL New Shanghai hotels L8-9 HOME GARDEN Art lover's retreat L10-11 SHOPPING Nordic exposure L12 MAKING THEIR MARK Fresh food ideas from a bunch of first-time F&B entrepreneurs L2-5 PHOTO: PAVE BT CORPORATE GOLF In the name59 words
-
-
BT Living
-
DINING
-
MAKING THEIR MARK
-
Article, Illustration727 2010-09-04 2 / 3 Audrey Phoon - They may not be on top in terms of experience, but a growing number of first-time F&B entrepreneurs are showing that a hearty helping of fresh ideas and verve can produce a successful business. BT Weekend checks out four new ventures run by these go-getters By Audrey Phoon727 words
-
Article, Illustration798 2010-09-04 2 / 3 Audrey Phoon - By Audrey Phoon aphoon@sph.com.sg 86 Robertson Quay, #01-02 ?6735-9667 bythemerrymen.wordpress.com THE interview with Eugene Fung of The Merry Men goes something like this: “Why did you decide to set up a bar?” “Umm, so our friends could have a place to hang out.” “Why did you paintTHE MERRY MEN PHOTOS BY PAUL TAN - 798 words
-
Article, Illustration693 2010-09-04 4 / 5 Geoffrey Eu - By Geoffrey Eu #01-17, #02-02 The Foundry Block 3B, River Valley Road Clarke Quay ?9661-8283 www.beermarket.com.sg YOU know the good times are rolling when a new bar offers a concept modelled on the machinations of the stock market, with a motto that blithely urges patrons to “Buy Low693 words
-
Article, Illustration635 2010-09-04 4 / 5 Geoffrey Eu - By Geoffrey Eu btnews@sph.com.sg www.cacao7.com THE two phrases “gourmet chocolates” and “low carbohydrates” would seem to be mutually independent rarely, if ever, uttered in the same sentence but if Meg-an-Talya Lin has her way, chocolate lovers can look forward to a guilt-free relationship between themselves andCACAO7 PHOTOS BY JOHN HENG - 635 words
-
-
Article758 2010-09-04 4 / 5 wine dine with BTWeekend Chatterbox Mandarin Orchard Singapore, Level 5 333 Orchard Road ?6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with758 words
-
-
KL HAWKER GUIDE
-
Article, Illustration2004 2010-09-04 6 / 7 Joyceline Tully - Feeling peckish between meals? Seek out the modern-day hawkers in KL who still peddle their wares in time-honoured fashion on the go, in the streets. By Joyceline Tully By Joyceline Tully btnews@sph.com.sg FOR kueh aficionados working or living in KL’s trendy Bangsar district, three o’clock is the magicPHOTOS BY JOYCELINE TULLY - 2,004 words
-
-
TRAVEL
-
Article, Illustration1355 2010-09-04 8 / 9 Audrey Phoon - Luxe design hotel The Waterhouse and storied American brand Waldorf-Astoria are introducing a new class of sophisticated style to Shanghai’s hotel scene.By Audrey Phoon scene.By Audrey Phoon aphoon@sph.com.sg ‘IS this the right place?’ our taxi driver asks doubtfully as we trundle into Shanghai’s quiet South Bund district,1,355 words
-
Article, Illustration401 2010-09-04 8 / 9 Audrey Phoon - By Audrey Phoon SHANGHAI’S central Bund area is a hotbed of gastronomic restaurants helmed by some of the world’s top chefs. And it would be quite foolish of diners seeking a good European meal in the city to go anywhere else until a couple of401 words
-
-
HOME & GARDEN
-
Article, Illustration1229 2010-09-04 10 / 11 Cheah Ui-Hoon - Larasati Auctioneers founder Daniel Komala’s home in Bali boasts commanding views of the surrounding hillside rice terraces and a comprehensive collection of Balinese art. By Cheah Ui-Hoon personal space By Cheah Ui-Hoon uihoon@sph.com.sg TOSS a stone into a crowd and chances are it will hit someone whoPHOTOS BY CHEAH UI-HOON - 1,229 words
-
Article26 2010-09-04 10 / 11 IN last weekend’s Personal Space feature, Open Concept (Aug 28-29 2010), we mistakenly referred to Raymond Khoo as Raymond Koo. We apologise for the error.26 words
-
-
SHOPPING
-
Article, Illustration1154 2010-09-04 12 Melissa Lwee - Scandinavian design is warming up in tropical Singapore with a new label setting up shop here, while an existing store expands. By Melissa Lwee expands.By Melissa Lwee mellwee@sph.com.sg Fifth Avenue Shoe Repair 581 Orchard Road #02-13/14 Hilton Shopping Gallery ?6836-8413 SWEDEN is more often recognised for producing prolific1,154 words
-
-
GADGETS
-
Article, Illustration681 2010-09-04 13 Christopher Lim - More bargains ranging from fun new cameras to colourful headphones have been unveiled at the five-floor Comex electronics show, which ends tomorrow at Suntec. By Christopher Lim Suntec.By Christopher Lim limchris@sph.com.sg Creative HQ-1450 headphones $49 CREATIVE’S headphones are known more for sterling sound quality than bling, but that’s changed681 words
-
-
HEALTH
-
Article, Illustration888 2010-09-04 14 Audrey Ho - A new test to detect early stages of ovarian cancer is now available. By Audrey Ho By Audrey Ho btnews@sph.com.sg OVARIAN cancer is widely known as “the silent killer”. Its symptoms are non-specific and frequently, they are similar to more common conditions such as bladder orSTOCK.XCHNG - 888 words
-
-
SPORT
-
Article, Illustration696 2010-09-04 15 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor JUSTwhenyouthinkhe’sonhiswaytobecoming a washed-out has-been, Roger Federer bounces back in style to remind the world he’s not quite ready to hang up his racket yet. Far from it, in fact. The former long-time world number onetennisAFP - 696 words
-
Article, Illustration815 2010-09-04 15 Christy Simson - kick off Christy Simson THE European transfer window is like a game of poker. You give nothing away until the very last minute when you stun your fellow players with the move of the decade. Earlier this week, Harry Redknapp did exactly that at Tottenham815 words
-
-
BT CORPORATE GOLF LEAGUE 2010
-
Article, Illustration715 2010-09-04 16/17 Justine Moss - The third round sees Big Fish holding the lead, this time with Centurion. By Justine Moss Centurion.By Justine Moss AT the halfway mark of The Business Times Corporate Golf League, two teams are pulling away at the top of the table. Last week’s leaders Big715 words
-
Article, Illustration458 2010-09-04 16/17 Justine Moss - By Justine Moss TEAM spirit and commitment have been flowing in the ParkwayHealth team camp over the three rounds of The Business Times Corporate Golf League, attributes which have seen them move into fifth position on the League ladder after three rounds. “The team is doing458 words
-
Article303 2010-09-04 16/17 Justine Moss - By Justine Moss WITH UV rays the main cause of accelerated skin aging, and skin cancer the seventh most common cancer in Singapore, wearing effective sunscreen on the golf course is vital. “Daily sun protection indoors is important, and even more important when you are303 words
-
Article, Illustration323 2010-09-04 16/17 Justine Moss - By Justine Moss btnews@sph.com.sg NETWORKING, widening the exposure of the company and love for the game of golf prompted local property firm Orange Tee to sign up for the inaugural Business Times Corporate Golf League. “One of our directors, Steven Tan, happened to come323 words
-
-
MOTORING
-
Article, Illustration547 2010-09-04 18 Samuel Ee - The Japanese small car manufacturer has gone big with the Kizashi, a mid-sized saloon with a 2.4-litre engine. By Samuel Ee By Samuel Ee samuelee@sph.com.sg JAPAN’S most profitable small car manufacturer has entered the big car market with a model that sounds like a delicious morsel of raw547 words
-
Article, Illustration615 2010-09-04 19 Samuel Ee - Silicon Valley has become a hotbed of the latest in car technology and design when the Volkswagen Group set up its research laboratory there. By Samuel Ee By Samuel Ee samuelee@sph.com.sg CARS may not be the first thing you associate Silicon Valley with but at a615 words
-
Article, Illustration710 2010-09-04 20 Samuel Ee - Renting a car, such as the Seat Leon, is by far the best way to explore beguiling Barcelona. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IF YOU are visiting Barcelona, there is no better way to see more of this interesting Spanish city and the surrounding710 words
-
-
-
Page 16/17 Advertisements
-
Advertisement42 2010-09-04 16/17 Presenter PARK HOTEL GROUP Golf Digest Final Round Hole-In-One Sponsor Final Round Dinner Sponsor fTJT) M kf/i. World Golfers' > wOsJiw Ji nFMADcPmrFT «IiP Championship aiR m3URiTius VJkJkJk-* AUDEMARS PIGLET Championship Audi Sponsors Gnturion CLARINS tsisf (§)i»" _/_y ParkwayHealth"" eagfe' OSHVP*' VEPTI t42 words
-
Advertisement6 2010-09-04 16/17 THE BUSINESS TIMES CORPORATE GOLF LEAGUE6 words
-