The Business Times, 16 October 2010

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Microfilm: NL30914
Total Pages: 46
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg OCTOBER 16-17, 2010 S$1.00 MICA(P) 139/08/2010 sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION
    17 words
  • Article, Illustration
    Lock icon Property market braves chill, hands in pocket
    1029 1  -  Sept saw fall in private homes sold by developers and more units being returned By Kalpana Rashiwala kalpana@sph.com.sg Singapore THE cooling measures are leaving their mark on the property market and the latest developer sales data for the month of September seems to
    1,029 words
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  • TOP STORIES
    • Article
      Lock icon Sibor slides further, almost hugs the floor
      618 2  -  Prospect of faster Sing-dollar gains puts pressure on interest rates By Conrad Tan conradt@sph.com.sg Singapore INTERBANK rates here fell by the most in nearly six months yesterday, putting pressure on banks’ lending margins, after the Monetary Authority of Singapore’s (MAS) surprise move on
      618 words
    • Article, Illustration
      Lock icon Fed chief leaves door open for monetary stimulus
      524 2 Bloomberg New York FEDERAL Reserve chairman Ben Bernanke said additional monetary stimulus may be warranted because inflation is too low and unemployment is too high. “There would appear all else being equal to be a case for further action,” Mr Bernanke said
      Bloomberg; AFP  -  524 words
    • Article
      Lock icon MARKETS
      137 2 STI 3,204.27 (+9.25) STI FUTURES 3,204 (+9) SIMSCI 378.17 (+2.37) SIMSCI FUTURES 377.60 (+1.20) STOCKS Friday Change KL COMP 1,489.86 -6.52 NIKKEI 225 9,500.25 -83.26 HANG SENG 23,757.63 -94.54 SET 997.15 +3.43 JAKARTA 3,597.03 -21.45 MANILA 4,216.35 -17.03 KOSPI 1,902.29 +2.53 SHENZHEN B 803.43 +11.96 MUMBAI IND 20,125.05 -372.59
      137 words
    • Article
      Lock icon Najib plays it safe with pre-election budget
      686 4  -  While Malaysian PM treads carefully with government spending, he still has a number of goodies in the bag By S Jayasankaran btworld@sph.com.sg Kuala Lumpur FOR a so-called “election” manifesto, Malaysian Prime Minister Najib Razak presented a mildly expansionary budget to Parliament yesterday, increasing
      686 words
    • Article, Illustration
      Lock icon Fernandes riles Tiger with ‘white guys’ slur
      661 5  -  AirAsia CEO blasts Thai’s tie-up with Tiger as ‘un-Asian’ By Ven Sreenivasan,Lynn Kan ven@sph.com.sg lynnkan@sph.com.sg Singapore THE Tiger Airways team are a “bunch of white guys” who lack an understanding of the Asian budget carrier market, says AirAsia’s head honcho Tony Fernandes. These
      661 words
    • Article
      Lock icon Temasek to news website: change your name
      562 5  -  By Teh Shi Ning tshining@sph.com.sg Singapore TEMASEK Holdings has asked that the reported founder of online news site The Temasek Review (TR) change its name and stop misusing “the good name of Temasek Review”. The investment house’s annual performance review has been called
      562 words
    • Article
      Lock icon GMR Infrastructure to proceed with Island Power project
      424 6  -  By Ronnie Lim ronnie@sph.com.sg Singapore ATtheclose ofyesterday’s deadlinefor generating companies to ratify liquefied natural gas (LNG) purchases from aggregator BG Group, India’s GMR Infrastructure essentially confirmed it will proceed with its $1.2 billion Island Power project on Jurong Island. The LNG deals
      424 words
    • Article, Illustration
      Lock icon 10 companies gunning for universal set-top deal
      517 6  -  Aim is to develop a platform that can be shared by all pay-TV providers By Winston Chai winstonc@sph.com.sg Singapore THE local authorities have gone one step closer towards their goal of developing a universal pay-TV set-top by giving 10 companies the go-ahead to
      AFP  -  517 words
    • Article, Illustration
      Lock icon HSBC walks away from Nedbank deal
      678 7  -  It is silent on the reasons for the move which comes after two months of due diligence By Neil Behrmann btworld@sph.com.sg London HSBC has pulled out of talks to pay US$8 billion for a majority stake in Nedbank, one of South Africa’s largest banks.
      REUTERS  -  678 words
    • Article, Illustration
      Lock icon Ultimate rich man’s home & lifestyle
      468 7 Ultimate rich man’s home lifestyle Mumbai INDIA’S richest and the world’s fourth richest man, industrialist Mukesh Ambani, his wife Nita and three children are set to move into their opulent 27-floor building after a housewarming party on Oct 28. TheguestlistofIndia’selitereportedly includes Prime Minister Manmohan Singh and star cricketer Sachin Tendulkar,
      AFP  -  468 words
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      63 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-17 Letter From Abroad 18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Househunt 34 Real Estate 35 LIVING Dining L2-5 Guest Chef L6 Beauty L7 Design L8-9 Travel
      63 words
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      Lock icon Page 2 Advertisements Column 2
      9 2 ??Time for a relook at interest rates, Page 30
      9 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      202 3 r m Bgg m ityfS m ■iw r o Freehold luxurious homes on the hi Nestled atop Pasir Panjang Hill, Horizon Residences offers a new level of tranquility. Soak in its natural beauty and breathtaking sea views while you enjoy your favourite activity. Just a ten-minute drive to the Central
      202 words
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  • Page 5 Miscellaneous
    • Miscellaneous
      Lock icon Page 5 Miscellaneous Column 1
      36 5 ifv/V JACKPOT > T CO CO r\ Ip L A Y(i) Always play with cor« |responsibiyf Do not bet illegally. RCB Reg No: *****0202G THIS MONDAY is For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE
      36 words
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  • Page 6 Advertisements
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      122 6 w MATS NOTICES Auction Sale of Duty Unpaid Wines The Official Receiver, as liquidators of the company, “Universal Assets Group Pte Ltd (in liquidation)”, hereby appoints DTZ Debenham Tie Leung (SEA) Pte Ltd for the conduct of a public auction of duty unpaid wines. Auction Date 26 October 2010 (Tuesday)
      122 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Banking on privacy
      2196 8/9  -  Respect for privacy is not just a banking issue, but runs deep in the Swiss psyche, says Raymond Baer, chairman of Bank Julius Baer. By Vikram Khanna By Vikram Khanna vikram@sph.com.sg RAYMONDBaer,chairman of Bank Julius Baer, is less than comfortable with his bank being labelled “boutique”. “I’m
      ARTHUR LEE  -  2,196 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Oct 11-15, 2010
    • NEXT WEEK | Oct 18-22, 2010
      • Article
        Lock icon US DATA
        38 10 Oct 18 Industrial production figures for September Oct 19 Housing starts and building permits for September Oct 20 Federal Reserve to issue Beige Book report Oct 21 Leading index from the Conference Board Jobless claims statistics
        38 words
      • Article
        Lock icon SINGAPORE DATA
        7 10 Oct 18 Sept merchandise trade
        7 words
      • Article
        Lock icon EVENTS
        38 10 Oct 18 Citigroup, Apple and IBM posting earnings results Oct 19 Earnings from Bank of America, Coca-Cola, Goldman Sachs and Yahoo Oct 21 G-20 deputy finance ministers and deputy central bank governors meet in Gwangju, South Korea
        38 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      315 10 CRYPTIC CROSSWORD Across 1 Embrace more than once, even in a race (4,3,4) 9 Mast bearing standard (4) 10 Overrates it as a medicine (11) 11 Record is within a couple of figures (4) 14 Cut off, and also tie off (7) 16 Stop for Jack to revive (5,2) 17
      315 words
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      9 10 SATURDAY with Ludwig No, that’s my blood pressure chart.’
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  • COMPANIES
    • Article
      Lock icon Overwhelming interest in GLP’s $3.9b IPO
      392 11  -  Singapore’s second-largest public flotation after SingTel’s in 1993 draws subscription rate of 12 times By Lynette Khoo lynkhoo@sph.com.sg Singapore GLOBAL Logistic Properties (GLP) received overwhelming interest for its initial public offer, which was 12 times subscribed. Its public offer was 11.1 times subscribed, receiving
      392 words
    • Article, Illustration
      Lock icon Mun Siong Engineering’s IPO to raise $18.9m
      355 11  -  By Lynn Kan lynnkan@sph.com.sg Singapore ONE more shot will ring out in the volley of initial public offers this month. Engineering services provider Mun Siong Engineering will launch its IPO on Oct 18. It will offer two million shares for public subscription and
      355 words
    • Article
      Lock icon GLP, Mapletree trust seen surging on debut
      596 11 Reuters Singapore TWO industrial property IPOs worth about US$3.7 billion are expected to surge when they debut in Singapore next week, thanks to their high yield and exposure to China’s fast-growing economy. Global Logistic Properties (GLP), the logistics unit of Singapore sovereign wealth
      Reuters  -  596 words
    • Article
      Lock icon Offer to TT Int’l extended to Dec
      437 12  -  Boustead, TT Int’l defer deadline for agreement over Big Box by more than a month By Teh Shi Ning tshining@sph.com.sg Singapore DEBT-RIDDEN TT International has more reason to hope for a turnaround, after yesterday’s expiry date on a “white knight” offer from Boustead
      437 words
    • Article, Illustration
      Lock icon GuocoLand Q1 profit rises 9% to $13.4m
      306 12  -  By Winston Chai winstonc@sph.com.sg Singapore GUOCOLAND’S new financial year has started off on a positive note, with its net profit for the first quarter rising 9 per cent to $13.4 million, from $12.4 million a year earlier. Revenue for three months ended Sept
      FILE PHOTO  -  306 words
    • Article
      Lock icon CMMT posts RM21.1m income for distribution
      322 12 CAPITAMALLS Malaysia Trust (CMMT) has achieved RM21.1 million (S$8.86 million) in income available for distribution for the quarter to Sept 30, its first reported results since its listing in July, said manager CapitaMalls Malaysia REIT Management Sdn Bhd (CMRM). CMMT recorded gross revenue of
      322 words
    • Article, Illustration
      Lock icon Asia-Pac pips North America as biggest derivatives market
      609 13 Thanks to its fast-growing economies, the former makes up 38% of global volume for the 6 months to June, ahead of the latter’s 33% Bloomberg Singapore THE Asia-Pacific has overtaken North America as the world’s biggest derivatives market amid increasing demand for
      Bloomberg; AP  -  609 words
    • Article, Illustration
      Lock icon QE2 still in play as SGX fuels STI’s rise
      537 14  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent THE term “QE2” played a central role in the stock market this week, as program trades sought to capitalise on apparent optimism associated with fresh capital injections by various Western central banks. This combined with
      537 words
    • Article
      Lock icon TOP 20 ACTIVES
      110 14 VOL CLOSE BerlianLaju 82,420 5 0.0 0.0 *GentingHKUS$ 74,533 44 1.3 2.3 GentingSP 69,691 208 3.0 1.5 GoldenAgri 52,699 66.5 0.5 0.8 Healthway 35,431 16.5 0.0 0.0 CoscoCorp 33,939 193 5.0 2.7 FrasersComm 28,896 16 0.5 3.2 GMGGlobal 26,682 31.5 0.0 0.0 Yamada 25,813 28 0.5 1.8
      110 words
    • Article
      Lock icon STI STOCKS
      110 14 Stock name Close Change CapMallsAsia 2.160 -0.030 CapitaLand 4.130 -0.030 CapitaMall 2.080 -0.010 CityDev 13.560 -0.140 ComfortDelGro 1.510 DBS Grp 14.860 +0.260 F&N 6.330 +0.130 Genting SP 2.080 +0.030 Golden Agri 0.665 +0.005 HK Land 6.650 +0.010 JMH 45.740 -1.580 JSH 26.900 -0.580 Jardine C&C 38.540 -0.740 Keppel
      110 words
    • Business briefing
    • Article
      Lock icon TOP GAINERS
      61 14 BY CENTS CLOSE UP Lyxor MS India 10US$ 1880 112.7 4.9 DBXT USDIGInfl 5US$ ***** 80.3 0.3 DBXT S&P Short 10US$ 4884 44.1 0.7 SGX 1012 42.0 4.3 DBXT CSI300 10US$ 1116 36.3 2.6 SGX.ES.1010 995 34.0 3.5 DBS Grp 1486 26.0 1.8 DBXT FTChina25 10US$ 3344 23.3
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    • Article
      Lock icon TOP LOSERS
      59 14 BY CENTS CLOSEDOWN JMH 4574 -204.7 -3.3 JSH 2690 -75.1 -2.1 Jardine C&C 3854 -74.0 -1.9 DBXT Nifty 10US$ ***** -60.9 -0.3 DBXT MSINDIA 10US$ 1168 -31.1 -2.0 DBXT FTVietnam 10US$ 3737 -25.9 -0.5 GLD 10US$ ***** -22.0 -0.1 OCC 5.1% NCPS 100 ***** -18.0 -0.2 Luye Pharma
      59 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      47 11 St. Thomas Suites (Freehold) I ®1PJ New Freehold Penthouse (29th floor, City IR View) Luxurious Spacious 4,672 sq ft, 5 bedrooms Balcony High 7m ceiling (living room Minutes to Orchard Supermarket River Valley Primary 3- 4-bedroom are also available Rudy Tedja 9686 9943 www.rudy.myweb.sg Sole Agent savills
      47 words
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      698 13 MAT-3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 IHSQUARE PTE. LTD. (Company Registration No.: *****4442N) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on 13 October 2010, the following resolutions were duly passed: 1. SPECIAL RESOLUTION -WINDING-UP That the Company be wound up
      698 words
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  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      80 14 sZ*JN Holiday C Escapade *77o/y x< iy Deals In SPH Travel Supplements (ST/ZB) Autumn delights Sep 21/23 Natas Journeys Winter 20 10 Oct 15/16 (NEW) Travel Malaysia 20 10 Oct 15/14 Holiday Escapades Nov 16/18 For advertising enquiries, call Veronica Chong: 8127 8929, Patricia Peh: 8288 8878 Bernard Ong: 9675
      80 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon A perfect spring for property investments
      865 15  -  In the near future, many people will look back and regret that they did not take any action to benefit from it from the desk of Callie Liew Founder and executive chairperson HSR Property Group THE property market goes through a constant cycle; the
      865 words
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  • SINGAPORE
    • Article
      Lock icon Asia-Pacific property deals up 12% in Q3
      327 16  -  Singapore sees 350% jump in total direct commercial real estate transactions, research from Jones Lang LaSalle shows By Uma Shankari shankari@sph.com.sg DIRECT commercial real estate investments in Asia-Pacific totalled US$18 billion in Q3 2010, a 12 per cent increase from Q2, according to
      327 words
    • Article, Illustration
      Lock icon German engineering to zoom ahead in Singapore
      389 16  -  By Lynn Kan lynnkan@sph.com.sg GERMAN engineering excellence has long been admired in Singapore, and Singaporean engineers will soon be part of that culture of cutting-edge innovation. About 140 faculty members and researchers from the Technical University of Munich (TUM) and Nanyang Technological University
      389 words
    • Article
      Lock icon NUS is among best biz schools
      228 16 It is the only Singapore outfit to make The Princeton Review’s global ‘best 300’ list THE National University of Singapore (NUS) Business School ranks with the best, according to The Princeton Review, which features the school in the 2011 edition of its book The
      228 words
    • Article, Illustration
      Lock icon Aug consumer spending hike biggest in 3 months
      421 17  -  Economists expect upward spending trend to continue By Felda Chay feldac@sph.com.sg CONSUMER spending continued its upward climb in August to record its highest year-on-year rise in three months, and economists expect this uptick to continue. Data from the Department of Statistics show
      YEN MENG JIIN  -  421 words
    • Article
      Lock icon MCC Land raises $158K in donations to ChildAid 2010
      372 17  -  By Karen Ng karenng@sph.com.sg CHINESE developer MCC Land has surpassed its minimum targeted amount of a $128,888.88 donation to ChildAid 2010, raising $158,000 in total. The proceeds will be split, with 75 per cent going to the Straits Times School Pocket
      372 words
    • Article
      Lock icon Twice as many clinician-scientists by 2015
      458 17  -  Boost to 160 needed to make big jump here in translational and clinical research: DPM By Felda Chay feldac@sph.com.sg SINGAPORE will double the number of clinician-scientists here to 160 by 2015 to boost translational and clinical research, says Deputy Prime Minister and Minister for
      458 words
  • Page 16 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      115 17 nI n In ttheMatter The Companies Act Cap. 50 and nI n In ttheMatter CEMMARKETIN PTE (Registration *****32N) (InMember oluntar Liquidation) NNOOTICEOFFINALMEETIN NNOOTICE HEREB GIVENpursuant Section308 heCompaniesAct,Cap. 50,hatheFinalMeeting heMember fo f of ttheCompan willbeheld 53Lorong 23 Geylang, Singapor *****9 on TTuesday Noember20 .00 a.m.for hefollowingpurposes: 11.. TToo rreceiv he Liquidator
      115 words
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  • LETTER FROM ABROAD
    • Article, Illustration
      Lock icon Hot on the heritage trail
      966 18  -  letter from tokyo Tan Eng Soon Senior Manager, Financial Services KPMG AZSA LLC Tokyo WE ARRIVED in Tokyo a year ago, seconded from KPMG in Singapore to KPMG AZSA. Thinking back, my two kids were more excited about going to Tokyo (with Tokyo Disneyland as
      966 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      37 18 We invite Singaporeans living overseas or posted abroad to write about life, culture and doing business where you are. Send your dispatch to btletter@sph.com.sg along with a photo of yourself, as well as any other relevant images.
      37 words
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  • WORLD
    • Article
      Lock icon Retail sales rise for a third month in Sept
      433 19 The 0.6% increase in September follows higher sales of cars and furniture latest us data| AP Washington AMERICANS spent more money on cars, furniture and at hardware stores to boost retail sales to a third monthly increase in September. The string
      AP  -  433 words
    • Article
      Lock icon 3 IVF babies born in egg screening study
      252 19 Reuters London TWO women have given birth to healthy babies from eggs screened for genetic defects before being implanted in the womb, in a study of a new technique that could improve the success rate of in-vitro fertilisation (IVF). Twin girls born
      Reuters  -  252 words
    • Article, Illustration
      Lock icon Pool board finally sells to Red Sox owners
      547 19 Owners Hicks, Gillett drops final Texas case blocking deal Bloomberg London LIVERPOOL’S board agreed to sell the Premier League soccer club to the operator of the Boston Red Sox after a series of legal challenges from the current owners failed to block
      Bloomberg; AFP  -  547 words
    • Article, Illustration
      Lock icon Tokyo vows tough action to curb yen’s appreciation
      669 20  -  ECB official warns ‘currency wars’ could trigger protectionism, global economic crisis By Anthony Rowley btworld@sph.com.sg Tokyo SENIOR Japanese ministers vowed strong action to curb the yen’s rise yesterday after auto giant Toyota Motor said it might have to accelerate the shift of
      BLOOMBERG  -  669 words
    • Article
      Lock icon Haneda to open int’l terminal
      232 20 Airport also starting flights to the US and Europe this month Bloomberg Tokyo HANEDA Airport is opening a US$1.3 billion international terminal and starting flights to the United States and Europe this month. The expansion provides an alternative for the millions of business travellers and
      Bloomberg  -  232 words
    • Article
      Lock icon China property prices resume climb in Sept
      277 21 Reuters Beijing CHINESE property prices rose for the first time in four months in September, an indication that the market is ready to pounce on any let-up by the government in its crackdown on real estate speculation. In fact, Beijing had already detected
      Reuters  -  277 words
    • Article, Illustration
      Lock icon Sarkozy calls in police to reopen strike-hit fuel depots
      445 21 Fuel pipeline to Paris airports shut as unions, students continue protests against raising retirement age AFP Paris FRENCH President Nicolas Sarkozy yesterday sent in riot police to reopen fuel depots blocked by strikes, as the pipeline to Paris airports was cut
      AFP  -  445 words
    • Article
      Lock icon AIA IPO: Banks to earn US$355m
      431 21 AIG expected to pay them 1.75% as base fee and an extra 0.25% as performance fee, sources say Reuters Hong Kong AMERICAN International Group Inc (AIG) is expected to cap the underwriting fees for AIA Group Ltd’s initial public offerings (IPO) at 2 per
      Reuters  -  431 words
    • Article
      Lock icon M’sia sees 5-6% economic growth next year
      563 22  -  This is below 2010’s expected growth of 7%; budget deficit expected to ease to 5.4% but inflation projected to remain below 3% By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE Malaysian economy is tipped to grow 5-6 per cent in 2011, down slightly from
      563 words
    • Article, Illustration
      Lock icon Malaysia plans to enhance Islamic capital market incentives
      293 22  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur IN a move to cement its position as a regional Islamic capital market hub, Malaysia plans to boost incentives and establish a syariah-compliant commodity trading platform for halal securities. The proposals, designed in tandem with general
      AFP  -  293 words
    • Article
      Lock icon Scotch whisky sold for record £100,000
      165 22 Bloomberg [LONDON] Two rare bottles of Scotch whisky have sold for a record price of £100,000 (S$207,255) each, maker The Dalmore distillery said on Thursday. Thebottles ofTrinitas, a64-year-old blended whisky, were bought by an unidentified “luxury whisky lover in the US and a renowned
      Bloomberg  -  165 words
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  • SGX
    • Article
      Lock icon Untitled
      9183 23 Transaction date: Oct 15 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 21 14.5 3148 8Telecom 18.5 unch 155 19 18.5 18 18.5 1.7 9.8 5.9 88.6 12 5 5834 A-Sonic 6 unch
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    • Article
      Lock icon SGX CATALIST
      1877 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 7 4 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 162 +1 1 162 162 154 161
      1,877 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 5 0 0 0 7 6 5 Manufacturing 60 55 82 5 10 15 65 65 97 Commerce 28 24 25 3 2 8 31 26 33 Tpt/Stor/Comms 20 13 9
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      815 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 11 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Roxy-Pacific Hldgs Ltd 14-Oct-10 Teo Hong Lim *Buy 1000 0.36 *****0 46.95 *****0 47.11 Roxy-Pacific Hldgs Ltd
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,885 18,885 54,821 54,821 Manufacturing 316,369 15,643 332,012 311,096 1,774 312,870 Commerce 90,360 22,476 112,836 130,599 2,895 133,494 Tpt/Stor/Comms 226,477 705 227,182 281,023 106 281,128 Finance 43,452 9 43,461 388,818 1 388,819 Construction 44,923 6,329
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      129 27 Oct 15 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2730 1.3120 Can dollar 1.2830 1.2980 Euro 1.8080 1.8290 NZ dollar 0.9730 0.9950 Sterling pound 2.0620 2.0860 US dollar 1.2900 1.3050 Local dollars to 100 units of foreign currency: Currencies Bid
      129 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      95 27 YTD change:+10.58% 52-week high: 3,220.71 on Oct 15,2010 52-week low: 2,605.10 on Oct 29,2009 Source: Bloomberg YTD change: -9.34% 52-week high: 3,361.39 on Nov 24, 2009 52-week low: 2,319.74 on July 2,2010 Source: Bloomberg YTD change: +8.62% 52-week high: 23,866.80 on Oct 14,2010 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 Oct 14 Index Change Change Change Change Change Change World Index Preliminary 854.1 0.0 2.6 -0.1 -3.1 0.3 4.9 ‡EAFE Preliminary 780.6 0.4 -0.5 0.7 -4.1 1.1 3.8 Europe Preliminary 1149.6 -0.3
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Oct 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2886 1.2902 0.9946 0.9951 Canadian dollar 1.2879 1.2891 0.9940 0.9942 Euro 1.8252 1.8268 1.4088 1.4089 NZ dollar 0.9812 0.9827 0.7573 0.7579 Sterling pound 2.0793 2.0812 1.6049 1.6051
      154 words
    • Article
      Lock icon LIFFE
      97 27 Oct 14 2.0 49.0 4.6 5.4 International 15 Offer 0.9951 0.9942 1.4089 0.7579 1.6051 15.0548 18.8989 12.8901 COCOA (£/tonne) Close Prev High/Low Dec 10 1902 1914 1905/1870 Mar 11 1926 1934 1928/1890 May 11 1944 1952 1946/1909 Jul 11 1961 1968 1962/1944 COFFEE (US$/tonne) Close Pev High/Low Nov 10
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    • Article
      Lock icon CHICAGO BOT
      93 27 Oct 14 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 10 1188.*****6.*****4.*****6.00 Jan 11 1199.*****7.*****5.*****6.25 Mar 11 1207.*****5.*****3.*****4.25 May 11 1208.*****7.*****6.*****7.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Oct 10 47.35 47.22 47.40 47.22 Dec 10 48.02 47.58 48.10 47.43 Jan 11 48.37 47.93 48.40
      93 words
    • Article
      Lock icon OIL
      75 27 Oct 14 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 84.79 -0.39 WTI (Near Mth) 82.57 -0.48 Dubai (1-Mth F) 82.10 0.38 Tapis blend 91.85 0.70 Minas 85.10 0.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 84.11 0.84 Jet Kerosene 96.40 0.70 US$/barrel Opec Oil Basket Price
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      Lock icon LONDON METALS
      71 27 Oct 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2378.25 2380.75 3 months 2413.00 2417.00 Copper, Grade A (US$/tonne) Cash 8387.25 8353.00 3 months 8400.00 8362.00 Lead (US$/tonne) Cash 2383.75 2408.00 3 months 2411.00 2435.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      66 27 Oct 15 GOLD (US$/oz) Oct 14 Oct 15 Hong Kong 1382.*****9.50 Oct 13 Oct 14 London 1371.*****5.90 1372.*****6.65 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 32.01 31.79 Source: UOB PLATINUM Lon (US$/oz) Oct 14 Close Previous PM Fix 1708.*****6.00 AM Fix 1713.*****8.00 Source: Thomson Reuters PLATINUM NYMEX
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      Lock icon PALM OIL
      64 27 Oct 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 10 2890 2890 2890 2890 10 450 Nov 10 2940 2930 2945 2920 681 4558 Dec 10 2934 2930 2948 2915 ***** ***** Jan 11 2935 2936
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  • PERSPECTIVE
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      Lock icon Does breaking rules an entrepreneur make?
      1022 28 / 29  -  Positive forms of rule-breaking include challenging established standards and practices and bypassing obsolete norms to improve efficiency. By Richard D Arvey By Richard D Arvey Richard Arvey is Professor in the Department of Management and Organisation, NUS Business School. He specialises in employment issues
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      Lock icon Financial crisis movies miss the point
      553 28 / 29  -  breaking views By Rob Cox, Richard Beales CRISES have historically spawned great cinema. Wars brought Apocalypse Now and The Bridge on the River Kwai, for instance, and high-profile crime brought The Godfather. Business and economics have played their part. Without the Great Depression there
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  • Wealth
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        Lock icon Time for a relook at interest rates
        1131 30 / 31  -  The interest rate landscape is bleak for those looking for the safest choices and it seems there’s little alternative but to take some risk if your capital is not to be eroded by inflation. Genevieve Cua gen@sph.com.sg Personal Finance Editor JUST when you
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      • BROKERS' TAKE
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          Lock icon Olam International
          295 30 / 31 Buy DBS Vickers Securities Oct 15 Close: $3.30 INORGANIC boost: We revamped Olam’s earnings model to better assess growth contributions from newly acquired assets. This resulted in earnings upgrades of 19 per cent (FY2011F) and 4 per cent (FY2012F). Imputing mandatory conversion of US$106 million convertible bonds (CB)
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          Lock icon Yamada Green Resources
          354 30 / 31  -  Buy Kim Eng Research Oct 15 Close: $0.28 Compiled by Jamie Lee Yamada Green Resources is a major supplier of fresh shiitake mushrooms in Fujian province, China, as well as a manufacturer and supplier of processed food products. The shiitake mushroom grower successfully listed at $0.22 a
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        Lock icon Payout funds help retiring boomers
        1215 32 But there’s no complete solution to generating a dependable stream of retirement income, fund sponsors say NYT New York IarrdenefirT seemed an idea whose time had arrived: Mutual funds specifically designed to transform the nest-egg accumulations of the first baby-boom wave into a stream of
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        Lock icon Strong Sing $ won’t wipe out returns on offshore investments
        1269 33  - Strong Sing won’t wipe out returns on offshore investments Putting one’s money in emerging regional countries has paid off well for a Singapore investor in the last 11 years show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder THE headline news for this
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    • WEALTH REAL ESTATE
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      47 34 Featuring the Prestige Homes Collection Your Specialist In Prime and Luxurious Properties For enquiries: Ruby Ong 9222 0208, ROng@savills.com.sg or Lawrence Chia 9617 2884, LChia@savills.com.sg To arrange for an appointment to view our other luxurious developments, please call 6836 3338 or search with us at residential.savills.com.sg savills
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      54 1 LivingTHEBUSINESSTIMESWEEKEND|OCTOBER16-*****0BTTHE BUSINESS TIMES WEEKEND OCTOBER 16-17 2010 KL HAWKER GUIDE Good to the bone L4-5 SUPPING WITH STRANGERS Guerilla dining hits town DESIGN Kitchen confidential L8-9 PHOTO: YEN MENG JIIN ENTERTAINING Chris Salans of Mozaic L6 TRAVEL Soul food in Scotland L10-11 BT CORPORATE GOLF Rounding up the action L16-17
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  • BT Living
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        Lock icon Supping with strangers
        2296 2 / 3  -  You don’t know what’s on the menu, or who your fellow guests will be. You may not even be told until the last minute where you’ll be eating. Welcome to the world of guerilla dining, which is making inroads into Singapore as enterprising hosts go all out
        PHOTOS OF THE PING’S ILLEGAL DINERS CLUB BY YEN MENG JIIN; SOCIAL CANDY PHOTOS BY ROHAN REES  -  2,296 words
    • KL HAWKER GUIDE
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        Lock icon Good to the bone
        2001 4 / 5  -  In the last instalment of this series, BT Weekend goes to Petaling Jaya and the Klang Valley in search of the ultimate bak kut teh fix. By Joyceline Tully By Joyceline Tully btnews@sph.com.sg THE magic is in the broth when it comes to bak kut teh.
        PHOTOS BY JOYCELINE TULLY  -  2,001 words
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        Lock icon Bali high
        1123 6  -  Chris Salans’ emphasis on using indigenous ingredients, flavours and spices has done much to raise the profile of gastronomy in Bali. By Melissa Lwee guest chef| Bali.By Melissa Lwee mellwee@sph.com.sg CHRIS Salans is half-French and halfAmerican, but after spending 14 years in Bali, he now counts himself as
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        Lock icon Beauty from within
        919 7  -  Clarins’ philosophy is to do more, do better and enjoy doing it, shares CEO Philip Shearer. By Audrey Phoon Beauty Shearer.By Audrey Phoon aphoon@sph.com.sg IN a spa on the rue Tronchet in Paris, skincare experts in white coats are beavering away on a bevy of well-groomed clients.
        919 words
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        Lock icon KITCHEN CONFIDENTIAL
        910 8 / 9  -  High-end kitchen appliances nowadays not only tout innovative functions, but also killer designer looks. By Corinne Kerk design By Corinne Kerk THERE’S been a flurry of activity among makers of kitchen appliances, with new products and even a celebrity chef tie-up announced. Here’s what’s in store. Miele The
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        Lock icon TURNING UP THE HEAT
        837 8 / 9  -  By Corinne Kerk btnews@sph.com.sg IF you’re old enough, you’ll remember the jingle “from the freezer, to the oven, to the table”, and you’ll know it was for Corningware, that glass-ce-ramic cookware that was so revolutionary for its ability to take extreme changes in temperature. Corningware was
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        Lock icon SOUL FOOD
        1452 10 / 11  -  Less glitz, more gastronomic pleasure a food tour to Scotland is all about fresh, quality produce cooked simply and sincerely. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg A GASTRONOMIC vacation to Aberdeen and Edinburgh is not, to be sure, as glamorous as doing the flashy London restaurant circuit,
        PHOTOS BY AUDREY PHOON  -  1,452 words
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        Lock icon Fashion reigns supreme
        769 12 / 13 Reuters THE top Western fashion designers suffered massively when purses around the globe snapped resoundingly shut during the financial crisis. But Lebanese designers, who hail from a land where Fashion TV is the channel of choice at the swankiest bars, say they have managed to escape the
        Reuters; REUTERS  -  769 words
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        Lock icon Japanese beauties
        548 12 / 13 ‘Future Beauty: 30 Years of Japanese Fashion’ looks at the design culture which took Paris by storm in 1981 AFP RARELY seen outfits by some of Japan’s most influential designers, from Issey Miyake andYohji Yamamototo thefashionlabels dressingTokyo’s coolest kids,go ondisplay at a new exhibition yesterday. Future Beauty: 30
        AFP; PHOTOS: AFP  -  548 words
      • Article
        Lock icon wine & dine with BTWeekend
        708 12 / 13 wine dine with BTWeekend Triple Three Level 5 Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Triple Three is back. Named for the address of the hotel 333 Orchard Road it features a new Japanese-inspired international buffet spread, helmed by Japanese Executive Chef Shigeru Akashi. Embark on a culinary adventure with
        708 words
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        Lock icon HIGH-TECH WELLNESS GIZMOS
        774 14  -  Innovation coupled with canny design make for high quality R&R. By Christopher Lim By Christopher Lim limchris@sph.com.sg Simplicity is a big part of comfort but simplicity need not be low-tech. The right gadgets should make your life easier without complicating it. There is no way the following
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    • HEALTH
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        Lock icon Pop a Pill, save your life
        942 15  -  New studies show the Pill can help ward off cancer. By Cheah Ui-Hoon and Audrey Ho By Cheah Ui-Hoon,Audrey Ho uihoon@sph.com.sg IT BEGAN with the purpose of allaying menstrual disorders and then birth control. That was a revolution in itself, but now, 50 years
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        Lock icon Bigger, better event in 2011
        842 16 / 17  -  The inaugural BT Corporate Golf League’s huge success calls for encore next year. By Justine Moss By Justine Moss btnews@sph.com.sg IT WAS a fairytale finish for the team from OAAG who clawed their way up the ladder and erased a nine-point deficit to triumph over
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    • MOTORING
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        Lock icon Green premium compact
        700 18 / 19  -  The Lexus hybrid CT 200h, with its environment and energy-conscious credentials, has created a new market segment. By Samuel Ee By Samuel Ee ONE might not be surprised to see the words “bamboo charcoal” used in any Japanese menu but when they appear in a car brochure,
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        Lock icon Driving moods
        611 18 / 19  -  While the CT 200h can be driven in either Relaxing or Dynamic mode, the classic Lexus attributes of comfort and refinement are not forgotten. By Samuel Ee By Samuel Ee samuelee@sph.com.sg LEXUS has come a long way since it unveiled the world’s first luxury hybrid, the RX 400h,
        611 words
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        Lock icon V power
        747 20  -  The new off-road-capable Volkswagen Touareg is bigger but lighter and more fuel-efficient. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IF ANYONE had any doubts about whether the SUV still makes automotive sense these days, consider this: the new Volkswagen Touareg is bigger but lighter and more fu-el-efficient. Europe’s
        747 words
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      35 16 / 17 Final Standings 1 OAAG 645 2 Big Fish 644 3 ParkwayHealth 640 4 Centurion 635 5 OCBC 632 6 Audi 632 7 Park Hotel Group 625 8 Ernst Young 623 9 Deloitte 615 10 OrangeTee
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