The Business Times, 30 October 2010
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2010-10-30
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The Business Times
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Title Section13 2010-10-30 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg OCTOBER 30 31, 2010 S$1.00 MICA (P) 139/08/201013 words
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700 2010-10-30 1 Chen Huifen - Prominent investor launches general offer for Thomson Medical Centre at $1.75 a share, valuing the obstetrics and gynae services provider at about $513 million By Chen Huifen xuifen@sph.com.sg Singapore FRESH from his foray into the soccer business, Singapore’s high-profile investor Peter Lim is700 words
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Article, Illustration856 2010-10-30 1 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg Singapore THE modern-day corporate chieftain is following in the footsteps of the original endurance runner, Pheidippides whose legendary run inspired the marathon. Of course, these days they do it in Nike togs rather than Grecian sandals. More and856 words
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Page 1 Advertisements
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Advertisement190 2010-10-30 1 www.businesstimes.com.sg OCTOBER 30 31, 2010 S$1.00 MICA (P) 139/08/2010 raffles conversation STEPHEN URQUHART, PRESIDENT OF OMEGA 10 -11 OF FOOD OBESITY Off the green with Gary Player 6 DESIGN Eco-furniture trends L2-3 credit line September bank lending up 2.1% LOANS to businesses, which make up over half of all Singapore-dollar190 words
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Advertisement5 2010-10-30 1 LIVING Homegrown Halloween spookfest L6-85 words
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TOP STORIES
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570 2010-10-30 2 Conrad Tan - Monthly growth pace is the fastest in over two years; business loans rise by the most since the financial crisis, says the Monetary Authority of Singapore By Conrad Tan conradt@sph.com.sg Singapore BANK lending in September rose at the quickest monthly pace in570 words
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454 2010-10-30 2 latest us data| AP Washington THE US economy grew at a slightly faster pace over the summer as Americans spent a little more freely. The Commerce Department yesterday said that the economy expanded at a 2 per cent annual rate in theAP - 454 words
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Article140 2010-10-30 2 G STI 3,142.62 (+13.12) G STI FUTURES 3,138.00 (+8.00) G SIMSCI 370.40 (+0.93) H SIMSCI FUTURES 369.50 (-0.10) STOCKS Friday Change KL COMP 1,505.66 +6.22 NIKKEI 225 9,202.45 -163.58 HANG SENG 23,096.32 -114.54 SET 984.46 -2.77 JAKARTA 3,635.32 -3.50 MANILA 4,268.74 +8.05 KOSPI 1,882.95 -24.92 SHENZHEN B 844.01 +8.46140 words
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663 2010-10-30 4 Anthony Rowley - Inquiry launched after trading activity ahead of new share issues by companies aroused suspicion, says report By Anthony Rowley btworld@sph.com.sg Tokyo ALLEGATIONS of insider trading have re-emerged in the Tokyo stock market where, until rules against such practices were tightened some 20 years ago,663 words
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Article, Illustration1244 2010-10-30 6 Joyce Hooi - Of food and obesity off the green with Gary Player The golfing legend offers his views exuberantly and emphatically. By Joyce Hooi By Joyce Hooi IF Gary Player were an article of punctuation, he would be an exclamation mark. For a man who has ruled the hushed greens of aARTHUR LEE - 1,244 words
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472 2010-10-30 7 Grace Leong - US investor group now wants venture to sell its stake in a stalled US$2.4b project at a price fixed by the courts By Grace Leong gleong@sph.com.sg Singapore A GROUP of US investors is taking legal action to force a joint-venture partner owned by472 words
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525 2010-10-30 7 Jamie Lee - Mewah Int’l expected to offer up to 289.5m shares at $1.25-1.55 each B y Jamie Lee leejamie@sph.com.sg Singapore MEWAH International, a palm oil firm with refineries in Malaysia, is expected to raise as much as $449 million through525 words
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Article, Illustration682 2010-10-30 8 Grace Leong - Chang’s 88-page affidavit in High Court blames failed investments on ‘misplaced trust on financial advisers’ By Grace Leong gleong@sph.com.sg Singapore A TAIWANESE scientist who took Deutsche Bank to court over alleged negligent advice that cost him US$49 million in losses, said he682 words
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Page 2 Advertisements
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Advertisement115 2010-10-30 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raf Conversation 10-11 Companies 12-14 From The Desk Of 15 Singapore 16-17 World 18-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-35 Smart Money 30-31 Househunt 34 Real Estate 35 LIVING Design L2-3 Dining L4-5 Home& Garden L6-8 Style L9 Travel L10-11115 words
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Page 3 Advertisements
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Advertisement199 2010-10-30 3 i,s:m ,y ijp «< f V'—p PPP^^i|j -A PMra H HaHS m&mM. w Performance Motors Limited pml-bmw.com.sg m l DRIVING PERFECTION BEYOND THE GREEN. As the No. 1 premium car maker in the world*, BMW is the choice of champions in their pursuit of success. This is why we are,199 words
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Page 5 Advertisements
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Advertisement308 2010-10-30 5 i m i r 88n«H 0 >! ea 0II9J •4 P3 ii^ *S Sf! it P r1 "i ill sS." n fli P i.'ii »N +< 1. V <• X x V "rkplay, C rDAVAf '5> .1 p s s w t* Sj 'x v n < >S X N308 words
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Page 7 Advertisements
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Advertisement23 2010-10-30 7 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg MATS NOTICES23 words
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Page 7 Miscellaneous
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Miscellaneous73 2010-10-30 7 SINGAPORE —SWEEP— 1 ST PRIZE $2,200,000 $500,000 $250,000 $800,000 2 ND p R Z E 3 rd PRIZE SUPER SWEEP 1st PriicS2.2 Million S m 2nd Prize $500,000 3rd Prize $250,000 ZZoTo a W s /J\ Si *****40 A DRAW ON WEDNESDAY, 3 NOVEMBER 2010 P LA\® Always play with73 words
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Page 8 Advertisements
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Advertisement599 2010-10-30 8 MCL LAND LIMITED (Incorporated in Singapore) Company Registration No. *****0074K NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of MCL Land Limited (the “Company”) will be held at The Oriental Ballroom, Lobby Level, Mandarin Oriental, Singapore, 5 Raffles Avenue, Singapore *****7 on 23 November599 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK | Oct 25-29, 2010
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44 2010-10-30 9 THE cards business is booming. Banks are in overdrive offering rebates on supermarket purchases and adopting guerilla tactics of 25 per cent savings on petrol to make sure their credit and increasingly debit cards are whipped out.44 words
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54 2010-10-30 9 SENAI International Aviation Park (SIAP) has been attracting business aviation players from across the waters. Just months after aircraft engine supply and maintenance outfit C&A Aviation Pte Ltd signed up to relocate its facilities there, SIAP has managed to attract Seletar-based private jet54 words
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56 2010-10-30 9 THE Group of 20 may have declared a currency truce, but its ceasefire appears to contain seeds of hostility that could germinate in future. Analysts welcomed the pact by G-20 finance ministers to “refrain from competitive devaluation of currencies” and to bring56 words
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51 2010-10-30 9 THE Singapore Exchange has mounted a S$10.7 billion takeover for Australia’s ASX in what could be Singapore’s largest M&A deal and create the world’s fifth-largest exchange. The merger hinges on the blessings of Singapore and Australia regulators, which the two exchanges expect to51 words
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58 2010-10-30 9 THE furore over the Singapore Exchange’s S$10.7 billion bid for ASX took on a strong political tinge as a key Australian party signalled its opposition, while others are weighing their options. Australia’s GreensParty –amemberofthe coalition government said that it would not support the bid58 words
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67 2010-10-30 9 TAIWANESE scientist Chang Tse Wen, who reaped US$118 million from his development of asthma drug Xolair, has sued Deutsche Bank, alleging that it gave bad investment advice that led to losses of US$49 million. The bank blamed Dr Chang’s failed investment on “market67 words
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44 2010-10-30 9 THE landmark site that includes Capitol Theatre, Capitol Building and Stamford House is ready for a makeover. It has been awarded to a group of investors for $250 million or $460.93 per square foot per plot ratio.44 words
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61 2010-10-30 9 WITH the Singapore Exchange’s S$10.7 billion takeover of ASX looking more uncertain, shares of SGX floated higher on Wednesday while ASX shares continued to tum- ble. Some quarters in the Australian political scene, meanwhile, are using the “moral stick” to attack61 words
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63 2010-10-30 9 IT was inflation worries that prompted the Monetary Authority of Singapore to act earlier this month to strengthen the Singapore dollar. The central bank said that more than 80 per cent of the basket of goods and services tracked by the consumer63 words
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Article, Illustration77 2010-10-30 9 PRIME Minister Lee Hsien Loong has made a number of changes to the Singapore Cabinet that will take effect from Monday. They include Law Minister K Shanmugam doubling as Home Affairs Minister and Lui Tuck Yew getting promoted to full minister from actingFILE PHOTO, AFP - 77 words
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40 2010-10-30 9 THE worst-kept secret in the property market is out in the open. Not only are developers less upbeat about the future but a third of them actually expect prices of new homes to decline.40 words
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38 2010-10-30 9 THE winnings are rolling in from Singapore for US gaming giant Las Vegas Sands Corp. Marina Bay Sands, turning in its first full-quar-ter results, has delivered record earnings for its American owner.38 words
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35 2010-10-30 9 THE global financial crisis and the millions of dollars it took for governments to shore up their economies is changing the way tax policies are structured.35 words
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NEXT WEEK | Nov 1-5, 2010
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Article41 2010-10-30 9 Nov 1 Sept personal incomes Sept consumer spending Sept core PCE price index Oct ISM Construction spending Nov 3 Oct ISM services Sept factory orders Nov 5 Oct non-farm payrolls Oct unemployment rate Sept pending home sales Consumer credit41 words
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Article55 2010-10-30 9 Nov 2 US mid-term elections Sydney Reserve Bank of Australia (RBA) board meeting. Announcement of interest rate decision at 0330 GMT Nov 3 London Bank of England (BOE) Monetary Policy Committee (MPC) meeting (till Nov 4) Washington Fed Reserve’s Federal Open Market Committee (FOMC) announces decision on interest rates,55 words
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Page 9 Miscellaneous
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Miscellaneous328 2010-10-30 9 CRYPTIC CROSSWORD Across 1 Safe to criticise one who never grew up (5,3) 6 Peruvians head east as a precaution (2,4) 9 John, half-gone on the bottle, is jolly (6) 10 Is able to sign for Norwich City FC (8) 11 Heather Lake’s underwear (8) 12 At holiday times it328 words
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Miscellaneous8 2010-10-30 9 SATURDAY with Ludwig ‘Actually, I’m a bankruptcy lawyer8 words
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THE RAFFLES CONVERSATION
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Article, Illustration2013 2010-10-30 10/11 Chuang Peck Ming - Omega’s astute sense of timing has helped the Swiss watchmaker to clock up successes in the Chinese market, the Olympic Games and even outer space. Its president Stephen Urquhart explains. By Chuang Peck Ming By Chuang Peck Ming peckming@sph.com.sg APPARENTLY, no one working at Swiss watchmaker Omega isYEN MENG JIIN - 2,013 words
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COMPANIES
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Article, Illustration701 2010-10-30 12 Conrad Tan - Bank remains optimistic in its outlook; CEO says Asean is still a global sweet spot By Conrad Tan conradt@sph.com.sg Singapore UNITED Overseas Bank’s net profit rose 37.5 per cent to $688 million for the third quarter from a year earlier, beatingARTHUR LEE - 701 words
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353 2010-10-30 12 Singapore HIGHER operating expenses and lower average fares caused SMRT Corp’s net profit to fall 13.3 per cent to $45.8 million in the second quarter ended Sept 30, 2010. But group revenue was 7.2 per cent higher at $246.0 million, thanks to strong353 words
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Article336 2010-10-30 12 A STRATEGIC shift in focus continued to pay off for Venture Corp in the third quarter, with the global electronics services provider reporting a 27.2 per cent year-on-year jump in net profit to $48.6 million despite a fall in revenue. Earnings per share for the336 words
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Article, Illustration899 2010-10-30 13 R Sivanithy - stocks R Sivanithy sivan@sph.com.sg Senior correspondent NOT surprisingly, the Singapore Exchange’s proposed takeover of the Australian Stock Exchange (ASX) provided the main talking point this week. Quite apart from the anti-SGX sentiment being stirred by Australian nationalists, there’s the financial side of899 words
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264 2010-10-30 13 Singapore SINGAPORE Post saw net profit slide 2.5 per cent year on year to $39.5 million for its second quarter ended Sept 30, despite revenue rising 5.6 per cent to $137.6 million as its mail and logistics segments did better. Excluding one-off items264 words
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408 2010-10-30 13 Emilyn Yap - By Emilyn Yap emilyny@sph.com.sg Singapore CAPITALAND yesterday unveiled a new business unit CapitaValue Homes to develop affordable housing in China and Vietnam. The property giant announced the venture with its financial results. Third-quarter net profit was $159.6 million down 43 per cent from a year408 words
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Article472 2010-10-30 14 Ronnie Lim - The oil and gas services provider buys 60% of drilling contractor for US$5.25m By Ronnie Lim ronnie@sph.com.sg Singapore OIL and gas services provider KS Energy (KSE) has just acquired a majority 60 per cent stake in an Indonesian drilling contractor which has a US$66.6 million,472 words
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Article170 2010-10-30 14 Singapore PRIVATE healthcare services provider Parkway Holdings has struck a $750 million murabaha facilities deal, which it will tap to pay off part of its existing loans. The facilities, with a five-year tenor, will comprise a term murabaha facility and a revolving murabaha facility. According170 words
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319 2010-10-30 14 Singapore PLANTATION group Indofood Agri Resources’ third-quarter net profit dropped 18.1 per cent year on year, a key reason being the absence this time round of big foreign exchange gains. Earnings for the quarter ended Sept 30 fell to 259.1 billion rupiah ($37.6 million),319 words
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297 2010-10-30 14 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg Singapore NORDIC Group Limited a solutions provider for the marine and offshore sector is expecting to raise $22 million from its initial public offering (IPO), which opened yesterday. The group which is headquartered in Singapore is offering 110 million297 words
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Article359 2010-10-30 14 Singapore CDL Hospitality Trusts (CDLHT) achieved a record average occupancy rate of 91.6 per cent for its five Singapore hotels in the third quarter of this year, up 5.5 percentage points from the same year-ago period following strong visitor arrivals growth in Singapore. Average daily359 words
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Page 13 Advertisements
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Advertisement34 2010-10-30 13 9362 1173/9181 1212 Stylish Freehold Offices 5 MINS WALK TO EUNOS MRT 44 Units: 334 sq ft 527 sq ft Attached bathroom pantry Easy access to PIE, ECP CTE For enquiries viewing please call34 words
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FROM THE DESK OF
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Article, Illustration877 2010-10-30 15 David Brett - Asian airlines have an opportunity to benefit from ancillary services by using them as a means to deliver ‘premium services’ rather than ‘broken down pricing’ from the desk of David Brett President Amadeus APAC THEREarefewthings as well preservedas thebrand identity and service quality877 words
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SINGAPORE
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499 2010-10-30 16 Lynn Kan - Citizens must think about next phase of country’s development By lynnkan@sph.com.sg Lynn Kan lynnkan@sph.com.sg SINGAPORE is a city of buzz, but that buzz can quickly fizzle out, said Senior Minister Goh Chok Tong last night at the Nanyang Technological University Ministerial Forum.499 words
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433 2010-10-30 16 Genevieve Cua - By Genevieve Cua gen@sph.com.sg TOKIO Marine Life Insurance Singapore is rolling out an expansion plan that includes a new suite of products and a fivefold expansion of its agency force. The firm’s chief executive David Beynon said the aim is to expand market share433 words
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474 2010-10-30 16 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg SINGAPORE’S third medical school on track to open its doors in 2013 will help stem the “braindrain”thatthecountryis facingandensure there is a constant stream of high-quality doctors ready to tackle the needs of a rapidly ageing population here.474 words
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Article, Illustration358 2010-10-30 17 Nisha Ramchandani - Transport engineering cluster most optimistic By Nisha Ramchandani nishar@sph.com.sg BUSINESS sentiment in the manufacturing sector is expected to moderate in the next six months compared with the third quarter of 2010, according to the Economic Development Board. Overall, a net weighted balance of 3BLOOMBERG - 358 words
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215 2010-10-30 17 Grace Leong - By Grace Leong gleong@sph.com.sg THE Singapore Grand Prix and the leisure and entertainment events during the race season helped boost September visitor arrivals by 18.4 per cent year on year to 947,000. According to the Singapore Tourism Board (STB), Indonesia, Malaysia, Australia,215 words
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618 2010-10-30 17 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg SINGAPORE’s jobless rate dipped further to a seasonally adjusted 2.1 per cent in September as employment continued to grow strongly in the July-September quarter, according to preliminary figures released yesterday by the Ministry of Manpower. The economy618 words
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Page 16 Advertisements
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Advertisement448 2010-10-30 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ZYKEN INTERNATIONAL PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****2161Z) At the Extraordinary General Meeting of the members of the above-named Company held at 10 Anson Road #12-14 International Plaza Singapore *****3 on 26 October448 words
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Page 17 Advertisements
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Advertisement37 2010-10-30 17 Ill IV] *****8771 UBI UP: $799 NOWi 175 Ubi Avenue 4 Display pieces only. Prices include GST. Cash Nets only. Delivery charges not included. Items above are accurate as at press time." Open from 12pm to 8pm.37 words
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WORLD
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Article, Illustration586 2010-10-30 18 Teh Shi Ning - PM Lee says Asean’s three partners are crucial to implementing its Connectivity Masterplan By Teh Shi Ning tshining@sph.com.sg Hanoi FRESH calls for swift enforcement of agreed plans were heard throughout yesterday’s meetings between Asean leaders and their key dialogue partners China, Japan andAP - 586 words
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Article391 2010-10-30 18 Reuters Detroit IN a series of moves that pave the way for an IPO and strengthen its finances, General Motors Co (GM) said on Thursday it would repay US$2.1 billion to US taxpayers and make early payments to pension and retiree health plans. TheReuters - 391 words
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223 2010-10-30 18 Reuters London THE US economy is a “fiscal train wreck” waiting to happen that risks ushering in a period of stagnation featuring minimal growth, high unemployment and deflationary pressures, US economist Nouriel Roubini wrote yesterday. In a commentary for the Financial Times,Reuters - 223 words
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Article, Illustration343 2010-10-30 19 Academic adviser’s comments echo those of Chinese central bank’s deputy governor Bloomberg Beijing CHINA will be able to agree to US proposals for rebalancing trade and can cut its surplus fromexports“dramatically”within three years, said Li Daokui, an academic adviser to theBloomberg; BLOOMBERG - 343 words
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326 2010-10-30 19 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIAN Marine Heavy Engineering Holdings (MMHE) made an impressive debut on the stock exchange yesterday, rewarding retail subscribers of its shares with a hefty gain of almost 25 per cent. Given the company’s stellar first-day performance,326 words
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Article, Illustration591 2010-10-30 20 Leaders agree on crisis mechanism to safeguard stability of eurozone, details to be worked out AP Brussels EUROPEAN Union leaders yesterday agreed on tougher rules for spendthrift nations whose overspending threatens Europe’s single currency and risks triggering a debt crisis. They also agreed on crisisAP - 591 words
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Article428 2010-10-30 20 Bloomberg Hong Kong AIA Group Ltd rose 17 per cent on its first day of trading in Hong Kong following the biggest initial public offering (IPO) in the city’s history. Shares of Hong Kong-based AIA, the insurer sold by American International Group inBloomberg - 428 words
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307 2010-10-30 20 AFP Tokyo JAPAN’S export-led recovery showed further signs of losing steam yesterday, with industrial production falling for the fourth month running in September as consumer prices slid anew. Output from Japanese factories is feeling the effects from slowing export growth, as the effects ofAFP - 307 words
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Page 19 Advertisements
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Advertisement403 2010-10-30 19 t'luntec Singapore 11 am to 9pm daily FREE ADMISSION k MUNCHING SEASON BEGINS: CULINARY SHOWDOWN Join guest judges Chef Tony Khoo, Chef Leons Tan, Chef Eric Neo and Chef Eric Low in the Safari Champion Culinary Competition and Cake-a-Decor as we crown the next Top Culinary Pastry Masters! CULINARY COMPETITION403 words
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SGX
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Article9090 2010-10-30 21 Transaction date: Oct 29 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 +0.5 254 18.5 18 17.5 18.5 1.7 9.8 5.9 88.6 12 5 5834 A-Sonic 6 -0.59,090 words
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Article1816 2010-10-30 24 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 unch 100 4.5 4.5 4 5 25 4.3 225 130 6222 t APStrategic 164 158 1631,816 words
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Article186 2010-10-30 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 1 0 0 0 10 3 1 Manufacturing 47 62 78 3 5 15 50 67 93 Commerce 19 15 30 1 4 6 20 19 36 Tpt/Stor/Comms 20 11 13186 words
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Article837 2010-10-30 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 25 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Lian Beng Grp Ltd 28-Oct-10 Ong Pang Aik Buy 1050 0.31 ***** 3.38 ***** 3.57 Silverlake Axis837 words
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Article120 2010-10-30 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,884 31,884 102,629 102,629 Manufacturing 439,109 23,175 462,284 336,200 1,094 337,295 Commerce 70,334 15,494 85,828 101,879 2,037 103,916 Tpt/Stor/Comms 127,640 280 127,920 221,587 29 221,616 Finance 32,708 32,708 363,035 363,035 Construction 12,557 72,532 85,089 4,743120 words
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Article118 2010-10-30 25 Oct 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.31 1.236 Can dollar 1.293 1.244 Euro 1.839 1.769 Sterling pound 2.107 2.026 NZ dollar 1.004 0.957 US dollar 1.317 1.267 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article, Illustration95 2010-10-30 25 YTD change: +8.46% 52-week high: 3,220.71 on Oct 15,2010 52-week low: 2,605.10 on Oct 29,2009 Source: Bloomberg Source: Bloomberg YTD change: +5.60% 52-week high: 23,866.80 on Oct 14, 2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Source: Bloomberg YTD change: +6.58% 52-week high: 11,258.00 on April 26,2010Source: Bloomberg - 95 words
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374 2010-10-30 25 In local curr In S$ In US$ dy yr dy yr dy yr Oct 28 Index Change Change Change Change Change Change World Index Preliminary 854.2 0.0 2.6 -0.3 -3.6 0.5 4.4 ‡EAFE Preliminary 776.0 0.3 -1.1 0.4 -5.5 1.1 2.3 Europe Preliminary 1150.8 0.4374 words
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Article154 2010-10-30 25 Oct 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2648 1.2664 0.9737 0.9742 Canadian dollar 1.2700 1.2715 0.9777 0.9782 Euro 1.8000 1.8019 1.3857 1.3862 NZ dollar 0.9793 0.9806 0.7539 0.7544 Sterling pound 2.0646 2.0666 1.5894 1.5898154 words
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Article82 2010-10-30 25 Oct 28 COCOA (£/tonne) Close Prev High/Low Dec 10 1872 1917 1925/1872 Mar 11 1903 1950 1955/1902 May 11 1919 1964 1965/1923 Jul 11 1933 1980 1977/1945 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1882 1910 1946/1876 Jan 11 1914 1935 1975/1901 Mar 11 1912 1916 1954/1888 May 1182 words
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Article94 2010-10-30 25 Oct 28 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 10 1225.*****3.*****6.*****8.00 Jan 11 1236.00 unch1248.*****9.75 Mar 11 1240.*****2.*****5.*****5.75 May 11 1239.*****2.*****4.*****6.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 10 49.70 49.60 50.15 49.36 Jan 11 50.05 49.94 50.48 49.74 Mar 11 50.40 50.2994 words
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Article66 2010-10-30 25 Oct 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 3040 3040 3053 3040 189 1774 Dec 10 3063 3058 3071 3048 1330 9916 Jan 11 3068 3061 3078 3048 8584 ***** Feb 11 3068 306166 words
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Article75 2010-10-30 25 Oct 28 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 83.76 1.66 WTI (Near Mth) 82.00 0.14 Dubai (1-Mth F) 80.90 0.81 Tapis blend 87.55 0.75 Minas 82.90 0.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.61 1.05 Jet Kerosene 93.95 0.65 US$/barrel Opec Oil Basket Price75 words
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Article73 2010-10-30 25 Oct 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2318.00 2293.50 3 months 2347.00 2323.00 Copper, Grade A (US$/tonne) Cash 8329.00 8291.25 3 months 8340.00 8300.00 Lead (US$/tonne) Cash 2480.50 2517.75 3 months 2505.50 2544.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)73 words
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Article67 2010-10-30 25 Oct 29 GOLD (US$/oz) Oct 28 Oct 29 Hong Kong 1328.*****8.00 Oct 27 Oct 28 London 1321.*****4.87 1322.*****5.64 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 31.22 31.00 Source: UOB PLATINUM Lon (US$/oz) Oct 28 Close Previous PM Fix 1685.*****5.00 AM Fix 1684.*****8.00 Source: Thomson Reuters PLATINUM NYMEX67 words
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PERSPECTIVE
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Article, Illustration1057 2010-10-30 26 / 27 Sanjay Chaturvedi - There is a need to re-imagine the Antarctic as a global knowledge commons and put into place a new profile of Asia in relation to Antarctica. By Sanjay Chaturvedi By Sanjay Chaturvedi THE resource-rich Antarctic continent, nearly 10 per cent of the planet, is becomingBLOOMBERG - 1,057 words
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744 2010-10-30 26 / 27 Robert Cyran - There’s room for both Apple and Google for now &SS* REUTERS BREAKINGVIEWS By Robert Cyran APPLE versus Google: The smartphone war is heating up. Handsets running on Google’sAndroidsystemalready are outselling the iPhone in the United States. The recent tirade against Android from Apple bossSteve Jobs duringhis latest quarterly results conference744 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1276 2010-10-30 28 / 29 Genevieve Cua - New developments announced recently in the realm of personal finance promise to be hugely beneficial to retail investors. By Genevieve Cua By Genevieve Cua gen@sph.com.sg THE last couple of weeks have seen three developments on the personal finance front that promise to be hugelySTOCK.XCHNG - 1,276 words
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BROKERS' TAKE
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Article184 2010-10-30 28 / 29 Buy DBS Vickers Oct 29 Close: $1.00 RESULTS in line, paying out DPU of 3.65 cents (from listing date to Sept 30): Cache reported topline and net property income (NPI) of $14.7 million and $14.4 million respectively, in line with their IPO forecasts. Distributable income came in184 words
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Article315 2010-10-30 28 / 29 Buy DMG Partners Securities Oct 29 Close: $2.14 Q3 FY10 results within expectations: CDLHT reported Q3 FY10 DPU of 2.81 cents (+26 per cent y-o-y; -2.1 per cent q-o-q), in line with our FY10 DPU forecast of 11.1 cents but 9 per cent above Street’s forecasts of315 words
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Article272 2010-10-30 28 / 29 Lynette Khoo - Compiled by Lynette Khoo Hold OCBC Investment Research Oct 29 Close: $1.87 ENTERS into MOU with CSC Corp: Yangzijiang Shipbuilding announced that it has entered into a business and technical cooperation memorandum of understanding with CSBC Corporation, Taiwan. According to newswires both companies will build cargo ships together.272 words
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Article, Illustration948 2010-10-30 32 Edmund Teo - They are a few steps to help overcome any concerns and specific actions that may help you get back on track Edmund Teo ~The writer is regional director, investment solutions, Asean, Hong Kong, Taiwan, India at Russell Investments WHILE Asia may be leadingFILE PHOTO - 948 words
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Article, Illustration1205 2010-10-30 33 Teh Hooi Ling - What, if anything, can we extrapolate from the SingTel deal to SGX’s proposed acquisition of ASX? show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent THE surprise A$8.4 billion (S$10.7 billion) bid by the Singapore Exchange (SGX) for the Australian Stock Exchange (ASX) isSource: Bloomberg - 1,205 words
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645 2010-10-30 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Dorsett Residences Apt 29/09/2010 99 678 847 1249 District 3 NON-LANDED Queens Apt 29/09/2010 99645 words
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462 2010-10-30 35 Uma Shankari - Analysts expect keen interest in the 1.8 ha ‘white’ site which is being made available for sale through the Reserve List By Uma Shankari shankari@sph.com.sg Singapore THE government yesterday released a 1.8-hectare mixed-use site in the Jurong Lake District for sale the second462 words
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Article, Illustration271 2010-10-30 35 Kalpana Rashiwala - By Kalpana Rashiwala kalpana@sph.com.sg Singapore THE Copthorne Orchid Hotel Singapore along Dunearn Road will close at the end of March 2011 for redevelopment of the site into a 150-unit freehold condo, which was previewed yesterday. Sixty units were released for the first phase271 words
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Article268 2010-10-30 35 Felda Chay - By Felda Chay feldac@sph.com.sg Singapore NATIONAL industrial infrastructure developer JTC Corporation has called a public tender for a site between Old Toh Tuck Road and Toh Tuck Avenue. The 108,533 sq ft parcel has a gross plot ratio of 1.6 and a 30-year268 words
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SMART MONEY
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Article, Illustration1724 2010-10-30 30 / 31 Genevieve Cua - The launch of American Depository Receipts here presents a slew of opportunities for investors. By Genevieve Cua By Genevieve Cua gen@sph.com.sg HOW would you like to invest in Chinese heavyweights such as Internet search engine Baidu and China Petrochem in local time, and using your own CDP account?1,724 words
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Article372 2010-10-30 30 / 31 45What is your risk appetite? The risk of ADRs is similar to that of a single stock exposure, with additional issues including counterparty risk, foreign currency risk, and risk arising from the type of ADR whether single or dual listed. If your investments consist372 words
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Article331 2010-10-30 30 / 31 FUNGIBILITY is a major benefit of the ADRs listed on GlobalQuote. This means that the ADRs in Singapore can be freely transferred for a fee to the US. For dual-listed ADRs whose common shares are listed on an exchange, the ADRs can be converted into shares and331 words
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Page 30 / 31 Advertisements
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Advertisement27 2010-10-30 30 / 31 This monthly column on financial products is sponsored by MoneySENSE, a national financial education programme in Singapore. Find out more about other common financial products at www.moneysense.gov.sg27 words
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Advertisement69 2010-10-30 34 v> a-; M Featuring the Prestige Homes Collection lVlarina Collection Seritosa Cove Ari Unrivalled lVlarina Experience To arrange for an appointment to view our show unit, please contact Gladis Heng 9387 4624, George Tan 9792 8913 For other luxurious developments, please call 6836 3338 or search with us at Savills69 words
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Advertisement44 2010-10-30 36 M iUDEMARS PlGUET Le maitre de I'horlogerie dcpuis 1875 m k 91 m SSa x III. X a. 1 I 5 'ti V 1 B I I V I 1 Y i ROYAL OAK EQUATION OF TIME For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com44 words
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Advertisement47 2010-10-30 1 LivingTHEBUSINESSTIMESWEEKEND|OCTOBER30-*****0BTTHE BUSINESS TIMES WEEKEND OCTOBER 30-31 2010 DINING Limited season only L4-5 ECO FURNITURE Are people buying into this? TRAVEL Ryokan hospitality L10-11 LEAF PERSONAL LIGHT BY YVES BEHAR/XTRA GADGETS Mobility redefined L14 HOME GARDEN Happy Halloween L6-8 GOLF Organic courses L17 MOTORING 7th-gen VW Passat L18-1947 words
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BT Living
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DESIGN
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Article, Illustration1633 2010-10-30 2 / 3 Clarissa Tan - Everyone is making eco furniture now, even Coca-Cola. Upcycled, recycled, recyclable, restored, sustainable are people buying into this? By Clarissa Tan this?By Clarissa Tan btnews@sph.com.sg IT’S beautiful all right, but it’s not exactly a chair that brings the word “ecological”tomind. Inthefirst place,it’splastic, andplasticofthesmooth,sturdyvariety that indicates that aPHOTO CREDITS 111 NAVY CHAIR AND GREGG BUCHBINDER: SPACE FURNITURE AND EMECO; WISHBONE CHAIR: SPACE FURNITURE AND CARL HANSEN; SETU CHAIR AND LEAF PERSONAL LIGHT: XTRA; VINTAGE ART DECO SIDEBOARD AND FERUM KLEIN DRESSOIRS: JOURNEY EAST; LACK SIDE TABLES: IKEA - 1,633 words
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DINING
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For a limited time only
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Article, Illustration813 2010-10-30 4 / 5 Audrey Phoon - 15 Bussorah Street Z 6293 9010 iamartisan.blogspot.com It’s not business as usual at an increasing number of restaurants, where cooking enthusiasts are renting the kitchens on occasion to serve their own menus By Audrey Phoon aphoon@sph.com.sg IN a tiny kitchen at the back of aPHOTOS BY YEN MENG JIIN - 813 words
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Article, Illustration609 2010-10-30 4 / 5 Melissa Lwee - www.blueberry.sg By Melissa Lwee melwee@sph.com.sg LEE Eng Su and Sumana Rajarethnam may go by the collective culinary moniker Penguin Vs Crow, but they’re no featherweights when it comes to cooking or creative conceptualisation. After all, they’re the folks behind a unique Sunday lunch eventPHOTO OF RAJARETHNAM AND LEE BY DANESH DARYANANI, REST OF PHOTOS BY BERNARD TANG - 609 words
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Article, Illustration480 2010-10-30 4 / 5 Melissa Lwee - Jeremy Nguee at Foodie Cuisine Stall 3, #01-359, Block 46 Holland Drive Z 9180 8945 www.dumplingdiaries.com By Melissa Lwee HE’S a full-time tax consultant, some-time private chef and for a couple of days next month, Jeremy Nguee will wear a hawker hat too. In response480 words
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HOME & GARDEN
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Article, Illustration744 2010-10-30 6 / 7 Melissa Lwee - Bell,book candelabra No guts, no gory, so why not throw a themed Halloween party at home this year? Whether you go the whole Hogwarts or opt for a Tim Burton Sleepy Hollow spookfest, party-planning experts conjure up their creepiest settings from bedknobs to broomsticks. By Melissa Lwee By Melissa LweePHOTOS FOR ONE ROCHESTER GROUP AND INTERIOR AFFAIRS: YEN MENG JIIN; PHOTOS FOR THE WEDDING BUTLER: NURAIDAH ABDUL RAUF; PHOTOS FOR THE WEDDING CHATEAU: YEN MENG JIIN - 744 words
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STYLE
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Article, Illustration1081 2010-10-30 9 Melissa Lwee - Up-and-coming shoe designer Raphael Young opened his inaugural flagship boutique right next to Christian Louboutin’s in Paris earlier this month. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg FOR years, the shoe kingdom has been dominated by precious few shoemakers: Christian Louboutin, Manolo Blahnik, Jimmy Choo and Giuseppe1,081 words
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TRAVEL
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Article, Illustration1216 2010-10-30 10 / 11 Geoffrey Eu - Asaba ryokan, in the ancient temple town of Shuzenji in Japan’s Izu Peninsula, provides guests with a top-end spa experience that easily ranks with the best in the country. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg THE 40-minute drive from Atami, a picturesque hill town overlooking the PacificALL PHOTOS COURTESY OF ASABA RYOKAN - 1,216 words
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DESTINATION DINING
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Article, Illustration1312 2010-10-30 12 / 13 Somehow, the 42nd president of the United States has become an arbiter of international fine dining, conferring a sort of informal Michelin star just by showing up. And the restaurants he has patronised continue to draw diners long after his visits NYT BILL Clinton has dined atNYT - 1,312 words
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Article768 2010-10-30 12 / 13 wine dine with BTWeekend Pine Court Chinese Restaurant Level 35, Orchard Wing Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 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 Peking768 words
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GADGETS
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Article, Illustration727 2010-10-30 14 Christopher Lim - Apple, Samsung and Asus heat up the mobile gadget market with lightweight wonders. By Christopher Lim By Christopher Lim limchris@sph.com.sg THOSE looking for ul-tra-portable gadgets to bridge their home computers and mobile phones had reason to smile last week when Apple relaunched its MacBook Air with a lower727 words
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HEALTH
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Article, Illustration875 2010-10-30 15 Cheah Ui-Hoon - Osteoarthritis of the knees hits women more than men due to hormones, and lifestyle such as doing housework and wearing heels. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg WHEN it comes to the knees, women just have it worse than men. It’s not just because of thePHOTOS: KNEETOKNOW; Source: Facebook group, KneeToKnow - 875 words
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SPORT
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Article, Illustration666 2010-10-30 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor TAKE a look at the clubs topping the tables across many of Europe’s major football leagues and it’s safe to say these early pace-setters are the usual suspects once again. Chelsea surprise, surprise is seeminglyAFP - 666 words
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683 2010-10-30 16 christy simson - home run with christy simson THE Texas Rangers have finally made it to Major League Baseball’s World Series, but already they are down 0-2 against the San Francisco Giants in the best-of-seven showdown. Let’s ignore the fact that the two teams fighting for this “world” championship come683 words
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GOLF
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Article, Illustration1220 2010-10-30 17 Justine Moss - From Martha’s Vineyard to Sentosa, more golf courses are embracing the concept of eco courses. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN US President Barack Obama teed off at The Vineyard Golf Club on Martha’s Vineyard during a holiday this year, he played a round on exquisitelyPHOTOS: REUTERS, KABI GOLF CLUB - 1,220 words
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MOTORING
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Article, Illustration628 2010-10-30 18 Samuel Ee - The 7th-generation of the Volkswagen Passat wears the current VW family look with all-new and more sculpted sheet metal, but comes with impressive innovative technologies. By Samuel Ee By Samuel Ee VOLKSWAGEN’Smarketshare here has been rising steadily over the past few years on a heady combination of product628 words
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Article, Illustration481 2010-10-30 18 Samuel Ee - The Passat’s array of technology systems is groundbreaking for its segment. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE styling of the new Volkswagen Passat may not be groundbreaking but its array of technology systems certainly is for its segment. One new development is Fatigue Detection, which detects481 words
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Article, Illustration777 2010-10-30 19 KL Tay - The X3 has grown to take over the position of the previous X5, becoming BMW’s new middle-weight contender in the X Series. By KL Tay By KL Tay btnews@sph.com.sg AS THE current X5 Sports Activity Vehicle (SAV) has moved up in size to become a seven-seater, BMW777 words
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