The Business Times, 21 May 2011
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2011-05-21
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The Business Times
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Title Section12 2011-05-21 1 weekend THE BUSINESS TIMES MAY 21-22, 2011 S$1.00 MICA (P) 139/08/2010 www.businesstimes.com.sg12 words
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Article33 2011-05-21 1 fair picture THE current system is ‘a jigsaw in pieces’, that is, no one participant is fully active in, controls or even sees the entire system, says PricewaterhouseCoopers. 433 words
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37 2011-05-21 1 bagging customers THE company has built five men’s stores in Japan, and is expanding its men’s business in China where males make up some 50 per cent of luxury spending. 637 words
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Article30 2011-05-21 1 head hunting IT’s looking for an ‘open’ selection process that would lead to the quick appointment of a new MD, says visiting official. 830 words
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Article33 2011-05-21 1 nuclear fallout MASATAKA Shimizu, 66, makes way for MD Toshio Nishizawa to take over, as Tepco reports the biggest corporate loss in Japan outside of the financial sector. 1933 words
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Article, Illustration1245 2011-05-21 1 Lee U-Wen - Most EPL clubs rack up huge losses despite record revenues as rising wage bills account for 68% of their turnover on average and there seems to be no way out of this black hole By Lee U-Wen leeuwen@sph.com.sg Singapore SCORING goals is CarlosAP - 1,245 words
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445 2011-05-21 1 Uma Shankari - By Uma Shankari shankari@sph.com.sg Singapore OUTGOING Health Minister KhawBoon ertrepidation”atheadingtheMinistry of National Development (MND) than when he took on his previous portfolio. “I came to MOH (Ministry of Health) during Sars with some trepidation, not quite sure what I445 words
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Page 1 Advertisements
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Advertisement21 2011-05-21 1 the business MAY 21-22, 2011 S$1.00 MOTORING New BMW 650i cabrio sleeker, better L18 LIVING New concepts from F&B veterans L2-421 words
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Advertisement8 2011-05-21 1 FRENCH OPEN The Djoker in the pack L168 words
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Advertisement19 2011-05-21 1 SHOW ME THE MONEY Mid caps triumph 33 THE RAFFLES CONVERSATION Brady Dougan, chief executive officer, Credit Suisse 10-1119 words
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TOP STORIES
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Article140 2011-05-21 2 H STI 3,168.54 (-4.02) H STI FUTURES 3,169 (-4) H SIMSCI 369.79 (-0.99) H SIMSCI FUTURES 370.00 (-1.40) STOCKS Friday Change KL COMP 1,541.03 -2.99 NIKKEI 225 9,607.08 -13.74 HANG SENG 23,199.39 +36.01 SET 1,072.94 -4.56 JAKARTA 3,872.95 +13.14 MANILA 4,285.16 -12.77 KOSPI 2,111.50 +15.99 SHENZHEN B 770.04 -6.91140 words
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602 2011-05-21 4 Michelle Quah - It’s still rooted in the past, says PwC, adding it must meet business and society’s changing needs to minimise the threat of systemic risk By Michelle Quah michquah@sph.com.sg Singapore COMPANY reports such as financial statements have become increasingly more complex and heavily regulated since602 words
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Article, Illustration750 2011-05-21 4 A loyal companion, she helped arrange his costly house arrest AFP Paris IF former International Monetary Fund (IMF) chief Dominique Strauss-Kahn survives his trial on sex assault charges, it will be largely thanks to the apparently limitless love and money supplied by hisAFP - 750 words
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Article, Illustration844 2011-05-21 6 Felda Chay - Its store at Paragon will have a separate entrance for men to comfortably enter a store better known for its ladies’ products By Felda Chay feldac@sph.com.sg Singapore LUXURY lifestyle handbag and accessory maker Coach Inc can hardly be considered a masculine brand.ARTHUR LEE - 844 words
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377 2011-05-21 6 Siow Li Sen - One needs more than just legwork to gain from its latest offer By Siow Li Sen lisen@sph.com.sg Singapore POOR savers here are used to trotting from bank to bank as they look for that extra 10 or 20 basis points more for their377 words
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Article, Illustration633 2011-05-21 8 Lee U-Wen - Washington looking for an ‘open’ selection process that would lead to quick appointment of new MD, says deputy Treasury secretary By Lee U-Wen leeuwen@sph.com.sg leeuwen@sph.com.sg Singapore THE United States has not yet made any judgment on who it feels shouldLIANHE ZAOBAO - 633 words
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609 2011-05-21 8 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg Singapore THE US is open to all foreign investment and has made it clear that its existing rules in place to safeguard national security should not be seen as being hostile towards would-be investors. Visiting Deputy Treasury Secretary609 words
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Article, Illustration524 2011-05-21 9 Casino company mulling alternative public listing when time is right, after being taken private in 2008 [NEW YORK] Caesars Entertainment Corp, the casino company that in November scrapped plans for an initial public offering, may seek an alternative equity listing, chief524 words
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Page 2 Advertisements
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Advertisement60 2011-05-21 2 CONTENTS NEWS Top Stories 2-9 Raffles Conversation 10-11 Week in Review 12 Companies 13-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-5 Style L6-8 Design L9 Home& Garden L10-1160 words
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Page 3 Advertisements
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Advertisement72 2011-05-21 3 Singapore Symphony Orchestra A 2011/12 Season Awaits! Lan Shui Music Director Leonidas Kavakos 8 Sep 11 Neeme Järvi 18-19 Jan 12 Vladimir Ashkenazy 4 Nov 11 Sarah Chang 6-7 Apr 12 Vadim Repin 18-19 Jan 12 stephen hough 26 Nov 2 Dec 11 Tickets for Jul-Dec 2011 subscription concerts available72 words
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Page 5 Advertisements
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Advertisement163 2011-05-21 5 FINE JEWELLERY AND WINE 3 r i m' f I i A Pair of Jadeite and Diamond Pendant Earrings weighing 3.66 carats, mounted in 18 karat white gold SCD 9,500. 15,000. 3 1 Natural Fancy Light Pinkish Brown weighing 4.17 carats SCD 150,000. 200,000. Natural Fancy Deep Yellow weighing 2.01163 words
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Page 7 Advertisements
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Advertisement133 2011-05-21 7 ASIAN CONTEMPORARY MODERN ART W iffA T Si v A wrV I Ma# J-l *x. 4? sVA.-I i u "-y 1 iv 4 t Jpfli > i te -i X K V i f m. Ye/A a* xrAx k Hi 0 I |p OP Adrien-jean Le Mayeur de Merpres I133 words
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Page 9 Advertisements
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Advertisement493 2011-05-21 9 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TENOR APPROXIMATELY 10 YEARS TOTAL AMOUNT OFFERED SGD 2,700,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT** SGD 200,000,000 ISSUE CODE NX*****X ISIN CODE SG7Y*****295 ISSUE DATE/SETTLEMENT DATE 01 JUNE 2011 MATURITY DATE* 01 JUNE 2021 COUPON RATE493 words
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RAFFLES CONVERSATION
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Article, Illustration2696 2011-05-21 10/11 Conrad Tan - Brady Dougan’s reasons for taking the top job at Credit Suisse have more to do with the 50,000 staff he now leads than anything else. By Conrad Tan else.By Conrad Tan conradt@sph.com.sg BRADY Dougan has much to say about what it takes to successfully manage a sprawling organisation,YEN MENG JIIN - 2,696 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK May 16-20, 2011
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60 2011-05-21 12 THE Urban Redevelopment Authority seems to be encouraging developers of shoebox units to increase the size of their apartments. The minimum apartment size that URA is likely to approve these days, especially in projects with many micro apartments, seems to be 35 square metres,60 words
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46 2011-05-21 12 DOMINIQUE Strauss-Kahn, head of the International Monetary Fund, was arrested on Saturday and charged on Sunday with sexually assaulting a hotel maid an allegation that also appeared to wreck his hopes of running for president of France.46 words
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63 2011-05-21 12 SALES of new private homes (excluding executive condos) rose 29 per cent in April to a five-month high as developers pushed out more projects to ride on the buying momentum amid risk of further policy changes from the government. Developers sold 1,78863 words
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72 2011-05-21 12 SINGAPORE’s non-oil domestic exports took a surprise knock last month, dipping 1.8 per cent from a year ago, the first monthly decline in 11/2 years. The fall, which came after a revised 9.9 per cent increase in March and went72 words
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53 2011-05-21 12 THE financial report cards of S-chips or Chinese companies listed on Singapore Exchange point to mixed fortunes. While rising costs weighed on the bottom lines of some Chinese firms, others thrived on stronger domestic demand and were quick to raise margins by shifting53 words
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60 2011-05-21 12 A NEW record has been set for the price of a private residential property in Singapore. Sources say that a four-bedroom apartment at SC Global Developments’ The Marq on Paterson Hill recently fetched $5,842 per square foot, surpassing the previous high of60 words
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52 2011-05-21 12 ELEVEN days after a watershed general election, Prime Minister Lee Hsien Loong announced sweeping changes to his Cabinet line-up, bringing in new chiefs for 11 of the 14 ministries and promisingall ministersa “free hand”to reshape policies. He also promoted 54-year-old Tharman Shanmugaratnam to Deputy52 words
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Article, Illustration37 2011-05-21 12 THE last meeting of the present Cabinet on Thursday afternoon. Prime Minister Lee Hsien Loong says: ‘We had a short agenda of routine business. Then I thanked SM Goh, MM Lee and the retiring ministers.’37 words
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57 2011-05-21 12 GENTING Singapore’s Resorts World Sentosa was hit with a $530,000 fine over four violations of the Casino Control Act and its regulations, including reimbursing entry levies paid by several local media representatives covering an event at the casino last year, the Casino57 words
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76 2011-05-21 12 AFTER a robust first quarter, economic growth is likely to take a breather in the current Q2 before picking up again to round off the year at perhaps 7 per cent. The Ministry of Trade and Industry on Thursday hoisted its growth fore- cast76 words
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35 2011-05-21 12 PROPERTY investment deals involving two plum commercial properties in the Somerset/Orchard Road area worth more than $2 billion could take place in the next few months.35 words
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57 2011-05-21 12 TWO of the four international banks swindled of over $100 million by Asia Pacific Breweries Singapore’s former finance chief Chia Teck Leng in what is still the largest case of commercial fraud here, to date have lost their claims against the57 words
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Article84 2011-05-21 12 US DATA May 24 April new home sales May 25 April durable goods orders May 26 Q1 GDP estimate May 27 April personal income/spending Consumer sentiment SINGAPORE DATA May 23 April consumer price index May 26 April index of ind’l production May 27 April producer84 words
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Page 12 Miscellaneous
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Miscellaneous326 2011-05-21 12 CRYPTIC CROSSWORD Across 1 Possibly uppermost in arrogance (11) 9 Notice girl being embraced by two others (9) 10 In three-quarters of an hour two hundred take place (5) 11 Small number return to job connected with computers (2-4) 12 Involved in a quest for relics of a bygone age326 words
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Miscellaneous14 2011-05-21 12 SATURDAY with Ludwig ‘Captain Sparrow, I think it’s about time to diversify your portfolio14 words
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COMPANIES
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317 2011-05-21 13 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg OFFSHORE vessel builder STX OSV Holdings has won new contracts worth close to 600 million Norwegian kroner (S$135.3 million) to design and build two platform supply vessels for Farstad Shipping. This takes the number of vessels317 words
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346 2011-05-21 13 Reuters SINGAPORE-LISTED tin producer Malaysia Smelting Corporation (MSC) is currently looking to acquire concessions for three to four tin mines in Malaysia and Indonesia to tap strong demand from China’s booming electronics industry. The company may invest up to RM200 million (S$82 million)Reuters - 346 words
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385 2011-05-21 13 Conrad Tan - Total of seven bids, ranging from Cambridge trust’s $50.38m to A-Reit’s $110m By Conrad Tan conradt@sph.com.sg ASCENDAS Real Estate Investment Trust (A-Reit) has submitted the highest bid of $110 million for a site at Fusionopolis to develop a business park. The public tender385 words
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Article, Illustration603 2011-05-21 14 R Sivanithy - stocks| R Sivanithy sivan@sph.com.sg Senior correspondent LAST Saturday’s column stated that the Singapore market appeared stuck within a narrow trading range. Little has occurred during the four intervening trading days to change this view even if there appeared to be a few mar-ket-moving603 words
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Article111 2011-05-21 14 VOL CLOSE GentingSP 191,994 204 -3.0 -1.4 EuNetworks 102,203 1.5 0.5 50.0 GoldenAgri 81,582 70.5 0.5 0.7 SMSummit 52,240 17.5 1.5 9.4 NobleGrp 51,069 205 -3.0 -1.4 Ramba 34,077 62 -0.5 -0.8 TranscuGrp 24,818 5.5 0.0 0.0 EastGateTechR 24,061 0.5 0.0 0.0 Gallant 24,060 40.5 -2.0 -4.7111 words
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Article62 2011-05-21 14 BY CENTS CLOSE UP GLD 10US$ ***** 155.5 0.9 DBXT Nifty 10US$ ***** 121.0 0.8 JMH 5156 88.9 1.4 Jardine C&C 3892 56.0 1.5 JSH 2994 34.6 0.9 Asia Pac Brew 2500 34.0 1.4 DBXT MSAsExJp 10US$ 3447 33.3 0.8 Lyxor Malaysia 10US$ 979 27.2 2.3 DBXT FTChina2562 words
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Article58 2011-05-21 14 BY CENTS CLOSEDOWN DBXT MSJAP 10US$ 3743 -149.3 -3.1 DBXT FTVietnam 10US$ 2899 -75.3 -2.1 ShangriLa Asia 2020 -33.4 -9.4 UOB 1944 -22.0 -1.1 DBS Grp 1474 -12.0 -0.8 OCBC Bk 5.1%NCPS 100 ***** -12.0 -0.1 DBXT MSCHINA 10US$ 1278 -11.1 -0.7 UOB 5.05%NCPS 100 ***** -10.0 -0.158 words
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Article109 2011-05-21 14 Stock name Close Change CapMallsAsia 1.640 -0.040 CapitaLand 3.140 -0.030 CapitaMall 1.930 +0.020 CityDev 11.280 -0.080 ComfortDelGro 1.490 +0.010 DBS Grp 14.740 -0.120 F&N 6.160 +0.030 GLP 2.010 -0.010 Genting SP 2.040 -0.030 Golden Agri 0.705 +0.005 HK Land 7.480 +0.060 JMH 51.560 +0.720 JSH 29.940 +0.280 Jardine109 words
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Article, Illustration528 2011-05-21 14 CEO confident of nod for SEAIR to fly Tiger planes in Philippines Bloomberg TIGER Airways Holdings Ltd, the Singapore-based budget carrier, says it may seek more overseas partnerships after agreeing to take stakes in airlines in Indonesia, Thailand and the Philippines.Bloomberg; FILE PHOTO - 528 words
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Page 13 Advertisements
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Advertisement162 2011-05-21 13 Singapore Medical Specialists Centre www.sgmsc.com Feeling Dizzy? Snoring? Having problems sleeping? Suffering from frequent blocked or runny nose? Consult us for these ENT problems and we will provide you with the best possible solution! Ear, Nose Throat (ENT) Range of Services including: Ear Conditions: External and middle ear infections, hearing162 words
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MARKETS
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Article, Illustration627 2011-05-21 15 Jamie Lee - Exploding offshore yuan market a tension point for Beijing By Jamie Lee leejamie@sph.com.sg THE piling bets on yuan appreciation, which have translated to a scorching yuan offshore market, may prompt China to cool it down sooner, a CLSA report this week said.BLOOMBERG - 627 words
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Page 15 Advertisements
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Advertisement215 2011-05-21 15 Nuclear Power Tsunami Insights World renowned experts share views on the two most pressing issues of our time "Contesting the Future of Nuclear Power provides a badly needed, concise, and comprehensive overview of the reasons why nuclear energy is a deeply flawed policy option." Professor David J Hess Rensselaer Polytechnic215 words
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FROM THE DESK OF
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Article, Illustration893 2011-05-21 16 Eugene Roman - In the Web 2.0 world, how much information individual employees have is nowhere as important as how they share that wealth of information or content from the desk of Eugene Roman Chief technology officer OpenText Corp EVERY day, worldwide, untold numbers of knowledge893 words
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SINGAPORE
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Article, Illustration384 2011-05-21 17 Nisha Ramchandani - Gain bolstered by growth in almost all sectors; domestic wholesale trade rises 8.3%, with just two sectors dipping By Nisha Ramchandani nishar@sph.com.sg SINGAPORE’S foreign wholesale trade expanded by 16.8 per cent year-on-year in the first quarter of 2011, bolstered by growth in almostFILE PHOTO - 384 words
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511 2011-05-21 17 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg SINGAPOREANS are a discontented lot. Results of a recent survey on Singaporean job satisfaction easily reads like the disconnect between the government and “the ground” that was written about the recent general election. Lumesse a software systems provider for talent511 words
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317 2011-05-21 18 Enya Lim - By Enya Lim enyalim@sph.com.sg IN a newly sealed partnership, the Moroccan government will be advised by its Singapore counterparts on the development of its soon-to-be-developed financial centre in Casablanca. The Singapore Cooperation Enterprise (SCE) will be offering the Moroccan Financial Board (MFiB)317 words
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275 2011-05-21 18 Hoon Yi Shyuan - MOU paves way to boost knowledge transfer and co-operation initiatives By Hoon Yi Shyuan yshoon@sph.com.sg BUSINESS in Singapore will get a legup in research capabilities with the new partnership between the Singapore Business Federation (SBF) and the Singapore Institute of Manufacturing Technology (SIMTech),275 words
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Article, Illustration502 2011-05-21 18 Michelle Quah - By Michelle Quah michquah@sph.com.sg THE Supreme Court of Singapore has launched two new initiatives in relation to the Legal Assistance Scheme for Capital Offences (Lasco), which it currently administers. The first is the Lasco Selection Panel, which will personally oversee and approveFILE PHOTO - 502 words
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Page 17 Advertisements
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Advertisement7 2011-05-21 17 mu dan lifestyle furniture artefacts SPECIAL PROMOTION7 words
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Advertisement76 2011-05-21 17 2 Weed Beach Stories No.33 2010 /120 x 140 cm ZJkL Under Warm Autumn's Sunlight 2008 98 x 148 cm tyzCC&Kf, CONTEMPORARY ART Jakarta Singapore Beijing proudly presents BtntBEWfr THE MELODY OF VILLAGE CHENSHUZHONG SOLO EXHIBITION'S Artist will be present during the opening Opening 21 May 2011 Sat 2 pm76 words
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Page 18 Advertisements
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Advertisement27 2011-05-21 18 GREAT BUY! ONLY $198,900! Check out this car and many other pre-owned models in CATS Classified in The Straits Times now! MATS BUY IT-SELL IT-FIND IT W\27 words
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WORLD
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511 2011-05-21 19 Record deficit is biggest in Japan outside financial sector; managing director will take over as chief Reuters Tokyo TOKYO Electric Power Co reported a net loss of US$15 billion yesterday to account for the disaster at its Fukushima nuclear power plant,Reuters - 511 words
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111 2011-05-21 19 Bloomberg Hong Kong PRADA SpA, the Italian producer of Miu Miu bags and Church’s shoes, has won approval from Hong Kong’sstockexchangeforaUS$2billion initial public offering, two people with knowledge of the matter said. The Milan-based firm set June 24 as a tentative listingBloomberg - 111 words
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451 2011-05-21 20 Liberty offers to buy Barnes Noble Reuters New York JOHN Malone’s Liberty Media Corp has proposed to buy Barnes Noble Inc for US$1.02 billion, nine months after the largest US bookstore chain put itself up for sale. Liberty Media is offering US$17 per share, a 20.5 per cent premium overReuters - 451 words
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527 2011-05-21 20 BP shares jump 3.6% on the news; Anadarko under pressure to settle Reuters London BP STRUCK a key victory in its battle to share the cost of the Gulf of Mexico oil spill yesterday when partner Mitsui Co agreed to payReuters - 527 words
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609 2011-05-21 21 Anthony Rowley - Japan, China and Korea also to look at free trade agreement By Anthony Rowley btworld@sph.com.sg Tokyo TODAY will mark the start of a Tokyo summit meeting among leaders from Japan, China and South Korea which is expected to cement their warming economic and609 words
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Article, Illustration658 2011-05-21 21 Malminderjit Singh - New set-up will be Iskandar’s ‘feeder of talent’ By Malminderjit Singh msingh@sph.com.sg Singapore EDUCITY at Iskandar Malaysia has received a boost in its bid to become a regional education hub with the completion of the Newcastle University Medicine (NUMed) Malaysia campus there.PHOTO: ISKANDAR INVESTMENT - 658 words
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192 2011-05-21 22 AFP Tokyo THE Bank of Japan (BOJ) yesterday left its key rate unchanged, sticking to its view that the economy will pick up later this year despite being pushed into recession by the March 11 earthquake. The central bank maintained its easy monetaryAFP - 192 words
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Article, Illustration395 2011-05-21 22 Move is part of a US$1b deal with Norway to reduce greenhouse gases AFP Jakarta INDONESIA yesterday banned logging in primary forests and peatlands for two years as part of a US$1 billion deal with Norway to reduce its greenhouse gas emissions,AFP - 395 words
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Briefing
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112 2011-05-21 22 AFP Frankfurt THE eurozone’s payments current account improved in March but nonetheless showed a deficit of 4.7 billion euros (S$8.3 billion), the European Central bank said yesterday. A breakdown of the data showed that a deficit in current transfers of 8.9 billionAFP - 112 words
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120 2011-05-21 22 Reuters Hong Kong CHINA Telecom Corp Ltd, the smallest of the country’s three wireless carriers, has contact- ed Apple Inc to introduce the popular iPhone based on CDMA (code division multiple access) technology, chairman Wang Xiaochu said yesterday. Larger rival China UnicomReuters - 120 words
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93 2011-05-21 22 Reuters Sydney A QANTAS Airways flight returned to Bangkok yesterday after pilots were forced to shut down oneoftheaircraft’sengines,the lat- est in a string of incidents involving Rolls-Royce engines. Qantas said one of the Boeing 747’s four engines experienced “high vibration andReuters - 93 words
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61 2011-05-21 22 AFP New Delhi THE 31-year-old king of Bhutan, an Oxford-educated bachelor crowned in the remote Himalayan country in 2008, set up another royal wedding yesterday by announcing his engagement. Jigme Khesar Namgyel Wangchuck revealed his intention at the opening session of parliament. LocalAFP - 61 words
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Page 19 Advertisements
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Advertisement818 2011-05-21 19 IT-SELL IT-FIND IT MATS P c Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES VA West LB Financial Accounts for the year ended 31 December 2010 (Incorporated in the Federal Republic of Germany) Audit Opinion We have issued the following opinion on the Group financial statements and Group statement of financial condition:818 words
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Page 20 Advertisements
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Advertisement51 2011-05-21 20 Check out these positions and a thousand more in CATS Recruit Executive Appointments now! IONOrchard is looking for a Leasing Manager RepublicPolytechnic is hiring a Senior Manager, Information Services STMicroelectronics is conducting a walk-in interview for the post of Process Engineer NationalEnvironmentAgencyisseekingan Environmental Health Officer ChinatownBusinessAssociation is recruiting an Executive51 words
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Advertisement31 2011-05-21 20 SINGAPORE’S NO.1 MEN’S MAGAZINE LUNCH ONUS! ROADSHOW •CHEVRONHOUSE,RAFFLESPLACE 19-20MAY,10AM-3PM• •MILLENIAWALK 23-25MAY,10AM-3PM• MOREDETAILSINMENSHEALTH.COM.SG »FREE LUNCH WORTH $13 $18 FROM GAELIC INNS $50 GOODIE BAG WITH EVERY COPY OF MEN’S HEALTH PURCHASED! »FABULOUSSUBSCRIPTIONGIFTS!31 words
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Page 21 Advertisements
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Advertisement196 2011-05-21 21 NOTICE OF MEETING (GENERAL FORM) IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding-Up No. 50 of 2007/V In the Matter of the Companies Act, Cap. 50 And In the Matter of FUTURESTEEL ENGINEERING PTE. LTD. (In Liquidation) Company Reg. No. *****3269G Take notice that a meeting of196 words
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Page 22 Advertisements
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Advertisement52 2011-05-21 22 Heartbeat Of The Indian Community Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. t a MPs PRIME time m SbjW*" etcC—MB -e 7.VSIS Sfeprs Rtf S3For more details, call 9171 -4327 9693-0266 or52 words
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SGX
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Article10095 2011-05-21 26 Transaction date: May 20 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 15 -0.5 100 15 15 15 16.5 7.8 4.1 3.1 71.8 12 4.5 A-Sonic 8 -0.5 1675 910,095 words
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Article186 2011-05-21 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 3 0 0 0 6 7 3 Manufacturing 36 65 61 4 6 9 40 71 70 Commerce 20 20 19 5 3 2 25 23 21 Tpt/Stor/Comms 12 15 14186 words
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Article827 2011-05-21 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 16 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) PCI Ltd 19-May-11 Chuan Hup Hldgs Buy 6199 na *****5 50.43 *****4 53.55 PCI Ltd 19-May-11 Peh827 words
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Article121 2011-05-21 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 39,124 39,124 61,796 61,796 Manufacturing 197,400 18,924 216,324 121,786 1,450 123,237 Commerce 94,695 7,399 102,094 167,479 6,867 174,346 Tpt/Stor/Comms 127,575 1,249 128,824 182,879 168 183,047 Finance 12,506 12,506 114,043 114,043 Construction 34,996 2,517 37,513 16,776121 words
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MARKETS
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Article118 2011-05-21 27 May 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.364 1.287 Can dollar 1.303 1.253 Euro 1.803 1.734 Sterling pound 2.045 1.967 NZ dollar 1.006 0.959 US dollar 1.255 1.207 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article, Illustration94 2011-05-21 27 YTD change: -0.67% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +0.71% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Bloomberg YTD change: +8.88% 52-week high: 12,876.00 on May 2, 2011 52-week low: 9,614.32Source: Bloomberg - 94 words
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374 2011-05-21 27 In local curr In S$ In US$ dy yr dy yr dy yr May 19 Index Change Change Change Change Change Change World Index Preliminary 926.0 0.1 3.2 0.0 1.5 0.1 4.9 ‡EAFE Preliminary 799.4 0.4 -0.2 0.3 0.0 0.3 3.3 Europe Preliminary 1195.8 0.6374 words
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Article154 2011-05-21 27 May 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3191 1.3196 1.0688 1.0689 Canadian dollar 1.2774 1.2783 1.0350 1.0355 Euro 1.7696 1.7705 1.4338 1.4342 NZ dollar 0.9798 0.9806 0.7939 0.7943 Sterling pound 2.0035 2.0041 1.6233 1.6234154 words
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Article82 2011-05-21 27 May 19 COCOA (£/tonne) Close Prev High/Low Jul 11 1865 unch 1875/1851 Sep 11 1890 1892 1900/1877 Dec 11 1919 1921 1925/1908 Mar 12 1942 1943 1948/1931 COFFEE (US$/tonne) Close Pev High/Low May 11 2533 2520 2530/2506 Jul 11 2549 2531 2553/2500 Sep 11 2583 2568 2586/2543 Nov 1182 words
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Article94 2011-05-21 27 May 19 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 11 1379.50 unch1389.*****9.25 Aug 11 1371.*****2.*****1.*****2.50 Sep 11 1360.*****3.*****0.*****2.75 Nov 11 1349.*****3.*****1.*****2.75 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jul 11 57.46 57.30 57.74 57.12 Aug 11 57.69 57.52 57.97 57.37 Sep 11 57.94 57.7894 words
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Article71 2011-05-21 27 May 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2481.25 2538.50 3 months 2499.00 2556.00 Copper, Grade A (US$/tonne) Cash 8927.25 9043.00 3 months 8949.00 9065.00 Lead (US$/tonne) Cash 2482.50 2450.75 3 months 2473.00 2445.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article65 2011-05-21 27 May 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3440 3477 3485 3440 912 9991 Jul 11 3395 3422 3435 3377 4919 ***** Aug 11 3365 3390 3407 3344 ***** ***** Sep 11 3349 338165 words
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Article75 2011-05-21 27 May 19 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 112.17 0.25 WTI (Near Mth) 98.50 -1.24 Dubai (1-Mth F) 106.72 0.99 Tapis blend 120.12 1.18 Minas 116.52 1.18 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.89 0.67 Jet Kerosene 125.35 0.85 US$/barrel Opec Oil Basket Price75 words
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Article69 2011-05-21 27 May 20 GOLD (US$/oz) May 19 May 20 Hong Kong 1497.*****5.00 May 18 May 19 London 1496.*****7.90 1496.*****8.65 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 43.77 43.37 Source: UOB PLATINUM Lon (US$/oz) May 19 Close Previous PM Fix 1766.*****3.00 AM Fix 1769.*****3.00 Source: Thomson Reuters PLATINUM NYMEX69 words
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PERSPECTIVE
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Article, Illustration1065 2011-05-21 28 / 29 Stuart Read - Entrepreneurs view the world in a significantly different way from the general population of managers a unique perspective that gives them an advantage in turning problems into money.By Stuart Read money.By Stuart Read HEAPS of garbage. Rotting agricultural waste. Litter. And not just a littleFILE PHOTO - 1,065 words
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700 2011-05-21 28 / 29 Anandh R Haridh - By Anandh R Haridh ~The writer is chief investment officer of PT Bakrie Brothers, Indonesia AS a non-economist, I have often wondered about why a consistent and substantial difference exists in benchmark interest rates among countries. Just looking at the big700 words
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Wealth
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Article, Illustration710 2011-05-21 30 / 31 European fund managers wanting a share of the US$26 trillion US market are finding their ambitions hampered by rising valuations and strong competitors Reuters London EUROPEANfundman-agershopingtobreak into the US$26 trillion US market are finding their ambitions hampered by rising valuations and formidablelocalcompetitors suchReuters; BLOOMBERG - 710 words
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BROKERS' TAKE
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Article368 2011-05-21 30 / 31 Neutral OCBC Investment Research May 20 SINGAPORE retail sales in March 2011, excluding motor vehicles, were up 7 per cent year-on-year but down 1.3 per cent month-on-month. The yearly sales increase was partly the result of escalating inflation. At constant prices, retail sales were, nonetheless, up 4.6 per368 words
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Article401 2011-05-21 30 / 31 Conrad Tan - Buy Kim Eng Research May 20 Close: $8.66 Compiled by Conrad Tan HEWLETT-PACKARD (HP) and Dell have announced divergent fortunes. Whereas HP was hurt by plunging consumer PC sales in the most recent quarter, Dell’s 80 per cent corporate exposure has allowed it to outdo expectations. This trend401 words
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Article, Illustration845 2011-05-21 32 US gas prices are less than half British gas prices and about one-third of spot LNG prices in Asia Reuters London EXPECTATIONS of a glut of natural gas and no easy way to export the surplus mean that prices ofReuters; BLOOMBERG - 845 words
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Article, Illustration17 2011-05-21 33 Compiled by BT with data from Bloomberg, Shareinvestor.comCompiled by BT with data from Bloomberg, Shareinvestor.com - 17 words
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Article, Illustration1140 2011-05-21 33 Teh Hooi Ling - On an annual basis, returns for all the three indices become lower the longer the holding period show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder JEREMY Grantham of GMO has an overweight on1,140 words
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1153 2011-05-21 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 13 LANDED Macpherson Gdn Estate 3-Ter 20/04/2011 FH 919 1250 1360 Macpherson Homes Estate 3-Ter 20/04/2011 FH1,153 words
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Article, Illustration578 2011-05-21 35 Rebecca Liu - UOL has appointed him to design a luxury residential development in Changfeng, Shanghai By Rebecca Liu rebeccal@sph.com.sg Singapore ARCHITECTURE is more than just grand facades buildings are a dialogue between people and the environment that shows the way we live. This seemed to578 words
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334 2011-05-21 35 Reuters Hong Kong HONG Kong property developer Cheung Kong (Holdings) Ltd said housing prices here, which has some of the most expensive apartments in the world, will likely stabilise rather than rise. “Demand remains strong and prices are still holding up, butReuters - 334 words
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306 2011-05-21 35 Bloomberg London PRIME residential land prices here rose for the first time in nine months during the first quarter even as urban values elsewhere in England continued to decline, Knight Frank LLP said. Prices for the best sites in the capital increasedBloomberg - 306 words
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Advertisement142 2011-05-21 36 M iUDEMARSPlGUET Le maitre de I'horlogerie depuis 1875 JULES AUDEMARS PERPETUAL CALENDAR The Jules Audemars Perpetual Calendar watch is a masterpiece of miniaturisation developed on the basis of the extra-thin self-winding Calibre 2120 and the 2802 module. The entire mechanism is indeed just 4 millimetres thick. Intended to reproduce the142 words
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Advertisement60 2011-05-21 1 LivingTHEBUSINESSTIMESWEEKEND|MAY21-*****1BTTHE BUSINESS TIMES WEEKEND MAY 21-22 2011 DINING True flavours of Mexico L5 EXPLORATION OF TASTE New concepts from F&B veterans DESIGN Autoban's Turkish delights L9 PIQUE NIQUE THE SUGAR DADDY GROUP PERSONAL SPACE Oei Hong Djien's museum home L10-11 STYLE Audi Fashion Festival L6-7 ARTS FESTIVAL How a dream60 words
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BT Living
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DINING
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Article, Illustration65 2011-05-21 2/3 Audrey Phoon, Geoffrey Eu - Exploration of taste By Audrey Phoon, Geoffrey Eu Explorationoftaste These established chefs and restaurateurs are eschewing familiar ground and taking a crack at concepts that are a first for them. ‘I’m running on a lot of pent-up energy I’ve wanted to do this for a long time and I finally65 words
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Article, Illustration709 2011-05-21 2/3 Audrey Phoon - By Audrey Phoon aphoon@sph.com.sg The Jackson Plan 40 Duxton Hill Z6866-1988 www.thejacksonplan.com [Due to open in June] BEPPE de Vito is a man with a plan. To be exact he’s a man with The Jackson Plan, a new venture that will open early next month in a709 words
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Article, Illustration527 2011-05-21 2/3 Audrey Phoon - By Audrey Phoon Pique Nique [and various projects at other locations; to open from Tuesday] #B1-01 Takashimaya Shopping Centre Ngee Ann City Tower A 391A Orchard Road Z6238-6705 WITH the opening date for the first of his basket of new businesses drawing near, Pang Kok Keong is527 words
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Article, Illustration524 2011-05-21 2/3 Geoffrey Eu - By Geoffrey Eu btnews@sph.com.sg Roadhouse #01-07, Block 13, Dempsey Road Z6476-2922 [Due to open in early July] TWO years after it was created to complement a neighbouring bar (Hacienda) and a more upscale restaurant (Prive) at Keppel Island, Cafe Hacienda is in the process of being reinvented by524 words
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Article, Illustration624 2011-05-21 4 Geoffrey Eu - By Geoffrey Eu btnews@sph.com.sg Luke’s Oyster Bar Chop House 20 Gemmill Lane [Opening next month] AT 32, Travis Masiero has already been around the culinary block in Singapore a few times but now, he’s licking his chops in anticipation as his latest project nears completion. Luke’s Oyster BarARTHUR LEE - 624 words
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Article, Illustration847 2011-05-21 5 Forget the burritos and the nachos. Mexican gastronomy, with its wealth of native ingredients, is finally gaining the international recognition it deserves AFP MEXICO’S cuisine has long been overshadowed by the greasy Tex-Mex burritos and nachos sold around the world, but efforts to refine its imageAFP; PHOTOS: AFP - 847 words
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STYLE
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Article, Illustration1466 2011-05-21 6/7 Melissa Lwee - The Audi Fashion Festival 2011 drew to a close on Thursday, living up to its aim of raising the profile of Asian fashion on a world stage. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg BIGGER, better and bolder, with a stronger Asian presence that’s what was promised ofPHOTOS: CHRIS MCGRATH/GETTY IMAGES FOR AFF - 1,466 words
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Article, Illustration993 2011-05-21 8 Samantha Critchell - Designers master on-the-move dressing by travelling light. By Samantha Critchell AP IT is off to Hong Kong to meet with buyers, Italy to search for the finest craftsmen, then to St Bart’s for a little R&R. Fashion designers often live the jet-set life they loveAP; PHOTOS: AP, REUTERS, YIGAL AZROUEL - 993 words
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DESIGN
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Article, Illustration891 2011-05-21 9 Geoffrey Eu - Autoban, the design firm set up by Seyhan Ozdemir and Sefer Caglar, is riding the fast lane to stardom. By Geoffrey Eu btnews@sph.com.sg IN 2003, Turkish design duo Seyhan Ozdemir and Sefer Caglar chose to name their two-person design firm after the generic term for public road partlyPHOTOS COURTESY OF DREAM - 891 words
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HOME & GARDEN
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Article, Illustration1062 2011-05-21 10 / 11 Cheah Ui-Hoon - Private space segues into public in this cluster of buildings, which houses a home and an art museum. personal space By Cheah Ui-Hoon uihoon@sph.com.sg WHEN does a house cease to be just a home? In the case of prominent art curator and writer Oei Hong Djien, it’sPHOTOS BY CHEAH UI-HOON - 1,062 words
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ARTS FESTIVAL
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Article, Illustration493 2011-05-21 12 / 13 Dylan Tan - World premiere of The Wright Brothers by Oxford Playhouse promises to be an epic tale. By Dylan Tan By Dylan Tan dylantan@sph.com.sg THINKING big: that’s what one of UK’s leading regional theatres, Oxford Playhouse, will be doing when the world premiere of The Wright Brothers493 words
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Article, Illustration556 2011-05-21 12 / 13 Rebecca Liu - By Rebecca Liu rebeccal@sph.com.sg THERE is no coming to consciousness without pain, proclaimed Swiss psychiatrist Carl Jung. It is little wonder then, that steeped in the consciousness of the participants in Memory II: Hunger are vivid recollections of their tragic experiences during the Great Chinese Famine556 words
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Article, Illustration567 2011-05-21 12 / 13 Natalie Koh - By Natalie Koh natksl@sph.com.sg IN a lengthy three-and-a-half hour performance on Thursday night, New York-based experimental theatre group, Nature Theater of Oklahoma a reference to a theatre in Kafka’s unfinished novel, Amerika turned a full transcript of a phone conversation into a biographical musical. LifeandTimes567 words
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GADGETS
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Article, Illustration832 2011-05-21 14 Christopher Lim - Apple’s iPad 2 has a lot of competition, but when it comes to music-making on the go, nothing can touch it because of the accessories and apps made specifically for it. The new iPad 2 gives you even more power to make the most of these tools. By832 words
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HEALTH
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Article, Illustration458 2011-05-21 15 They experience lower stress, improved quality of life: study AFP BREAST cancer patients who practise yoga experience lower stress and improved quality of life compared to counterparts who do stretching exercises, a US study has indicated. Researchers at the University of Texas MD Anderson CancerAFP; FILE PHOTO - 458 words
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Article, Illustration419 2011-05-21 15 AFP MORE is better when it comes to drinking coffee to ward off the risk of deadly prostate cancer, according to a major US study released this week by researchers at the Harvard School of Public Health. Men who drank six orAFP; FILE PHOTO - 419 words
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SPORT
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Article, Illustration621 2011-05-21 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor HAVING won five of the last six French Open championships, Rafael Nadal has more than earned his reputation as tennis’ undisputed King of Clay. Whether he can hold on to that status for muchAP - 621 words
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Article, Illustration704 2011-05-21 16 Andrew Leci - slam dunk with Andrew Leci Andrew Leci ~Catch Andrew Leci on ESPN SportsCenter every weekday at 7.30pm and 10pm for the latest from the ongoing NBA playoffs THE Los Angeles Lakers are to basketball what Manchester United is to football. Globally, they are704 words
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GOLF
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Article, Illustration1019 2011-05-21 17 Justine Moss - BT checks out some golf courses that are slightly off the beaten path. By Justine Moss By Justine Moss btnews@sph.com.sg WITH the month-long school holidays just around the corner, it’s perhaps a good time to head off on a family golfing getaway the family that plays golf1,019 words
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MOTORING
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Article, Illustration581 2011-05-21 18 Samuel Ee - The new BMW 650i Convertible is a breath of fresh air. By Samuel Ee samuelee@sph.com.sg RARE is the large four-seater convertible that doesn’t look clunky and rarer still one capable of offering an exhilarating drive. Somehow though, the new BMW 6 Series manages to tick both boxes. The581 words
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Article, Illustration833 2011-05-21 19 Samuel Ee - What makes Franco Lim, the self-confessed ‘car freak’, stand out from the rest is his suite of personal services. By Samuel Ee driving style By Samuel Ee samuelee@sph.com.sg FRANCO Lim may deal in super sports cars mostly used but to his well-heeled customers, he is more than justARTHUR LEE - 833 words
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Article, Illustration634 2011-05-21 20 Samuel Ee - The new Volkswagen Polo BlueMotion promises super efficiency. By Samuel Ee samuelee@sph.com.sg WITH its sporty performance, the new Volkswagen Polo GTI may be the model that puts the “super” in supermini. But if you’re less attracted to high horsepower and more inclined toward exceptional fuel economy,634 words
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Advertisement798 2011-05-21 4 wine&dine with BTWeekend Chatterbox Mandarin Orchard Singapore, Level 5 333 Orchard Road Z6831-6288 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 with a798 words
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