The Business Times, 30 July 2011

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Microfilm: NL31563
Total Pages: 51
1 23 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 weekend THE BUSINESS TIMES www. sinesstime .com. g JULY 30 31, 2011 S$1.00 MICA (P) 139/08/2010 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
    22 words
  • Article
    Lock icon Things are looking up for businesses in H2
    729 1  -  EDB and Statistics Dept surveys of industrial and service sector firms capture the mood By Teh Shi Ning tshining@sph.com.sg Singapore AFTER a slow second quarter, Singapore’s manufacturers and service sector firms are now looking at a brighter second half. In line with
    729 words
  • Article, Illustration
    Lock icon No cruising to the finish line
    1205 1  -  Race is on for the contract to operate the International Cruise Terminal, and SCC has its work cut out By Joyce Hooi joyceh@sph.com.sg Singapore CHRISTINA Siaw has not yet warmed her seat at the Singapore Cruise Centre (SCC), but it has become a very
    YEN MENG JIIN  -  1,205 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      64 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-31 Smart Money 32 Show Me The Money 33 Real Estate 34-35 LIVING Shopping/Dining L2-5 Dining L6-7 Style L8-9 Travel L10-11
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    • Article, Illustration
      Lock icon Republicans race to revive debt plan; Obama urges compromise
      646 2 With deadline just 4 days away, markets are getting rattled Reuters Bloomberg Washington US REPUBLICAN leaders scrambled yesterday to rescue their budget deficit-cutting plan after conservatives mounted a rebellion that heaped uncertainty on efforts by Washington to avert a catastrophic debt
      Reuters; Bloomberg  -  646 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,189.26 (-0.59) HSTI FUTURES 3,153 (-37) GSIMSCI 369.96 (+0.61) HSIMSCI FUTURES 364.70 (-5.00) Friday Change KL COMP 1,548.81 -3.10 NIKKEI 225 9,833.03 -68.32 HANG SENG 22,440.25 -130.49 SET 1,133.53 -0.85 JAKARTA 4,130.80 -15.03 MANILA 4,503.63 +20.83 KOSPI 2,133.21 -22.64 SHENZHEN B 734.50 +1.20 MUMBAI IND 18,197.20 -12.32 12noon
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.830 TAIWAN 4.956 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 14.25 Source: Bloomberg
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      • Article
        Lock icon FOREX
        48 2 US$ S$ US$ (S$ per US$) 1.206 (US$/S$ per 1.629 1.965 EURO(US$/S$/E) 1.427 1.722 Foreign currency per US$ S$ YEN 77.60 64.30 RM 2.966 2.458 HK$ 7.795 6.461 BAHT 29.75 24.66 RUPIAH 8,504 7,049 RENMINBI 6.440 5.338 INDIAN RUPEE 44.16 36.61 A$ 0.915 0.758 NZ$ 1.154 0.957
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    • Article
      Lock icon June business loans up 4.1% at record $209.4b
      559 2  -  By Conrad Tan conradt@sph.com.sg Singapore BUSINESS loans continued to propel bank lending growth in June, surging 4.1 per cent over the month to a record $209.4 billion, which suggests that firms here continued to borrow despite the cloudy global economic outlook. Over
      559 words
    • Article
      Lock icon Unemployment edges up to 2.1% in Q2
      468 4  -  Slowdown in employment growth largely due to services sector By Nisha Ramchandani nishar@sph.com.sg Singapore SINGAPORE’S unemployment rate rose to 2.1 per cent in the second quarter of this year, up from 1.9 per cent in the first three months, on the back of
      468 words
    • Article, Illustration
      Lock icon Casino regulator ready to take adversarial approach if needed
      704 4  -  CRA chairman also explains importance of robust anti-money laundering framework By Grace Leong gleong@sph.com.sg Singapore SETTING up the legal framework for Singapore’s nascent gaming industry was the result of a deliberate calibration of laws from various gaming jurisdictions, the chairman of
      FILE PHOTO  -  704 words
    • Article
      Lock icon Mapletree buys first commercial property in HK
      398 5  -  It purchases Festival Walk, a regional retail mall, for HK$1 8.8b By Michelle Tan michtyz@sph.com.sg Singapore MAPLETREE Investments Pte Ltd (Mapletree) will be venturing into its first commercial property acquisition in Hong Kong by acquiring Festival Walk, a major regional retail mall in
      398 words
    • Article, Illustration
      Lock icon GCB slowdown continues with just one caveat lodged for July
      852 6  -  But a few more caveats are expected over the coming weeks from this month’s deals By kalpana@sph.com.sg Kalpana Rashiwala kalpana@sph.com.sg Singapore GOOD Class Bungalow (GCB) deals have continued to dry up this month following the slowdown seen in the first
      Source: URA; SISV; CB Richard Ellis  -  852 words
    • Article
      Lock icon US debt ceiling impasse rattles short-term credit markets
      627 6 NYT New York THE reverberations of Washington’s impasse over a debt deal are already being felt in the short-term credit markets, a key artery of the economy that daily supplies trillions of dollars of credit. Over the last week, big banks and
      NYT  -  627 words
    • Article, Illustration
      Lock icon Latest Clipper race set to weigh anchor tomorrow
      736 7  -  Keppel Corp sponsors Singapore’s entry for 4th straight time By Vincent Wee btworld@sph.com.sg Singapore SINGAPORE’S participation in the 2011-12 edition of the Clipper Round the World Yacht Race, which will start from Southampton tomorrow, will be its fourth run but it continues
      736 words
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      Lock icon Page 3 Advertisements Column 1
      153 3 1 if N I d' I A I THE m 1 COMMUNI BOND Angelina Tan r 38, Director of a HR consultancy Who knew our humble HDB heartlands would play host to some of the most interesting arts events? As a resident of Marine Parade, Angeline was one of six
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      191 5 www.sgmsc.com NEWGENERATION CARDIACMRI IMAGINGTECHNOLOGY Centre for Medical Imagingis the first in Asia to install the new generation Siemens Magnetom Aera 1.5 Tesla MRI machine with the latest Cardiac MRI imaging technology. With no X-ray radiation involved, it can provide information on heart arteries, heart valve function, heart muscle function and
      191 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      26 7 > >c h‘)i'l JACKPOT 'it A ffi rT> TMS MONDAY /4L RCB Reg No: *****0202G is For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The best medicine
      2085 8 / 9  -  Asked to name the greatest challenge facing AstraZeneca today, CEO David Brennan doesn’t bring up the terrible trio of pricing, policy and IP protection. Instead, he addresses the question of unmet medical needs. By Joyce Hooi By Joyce Hooi joyceh@sph.com.sg DAVIDBrennanhas spent a good part of the
      ARTHUR LEE  -  2,085 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK July 25-29, 2011
      • Article
        Lock icon Private banks in S’pore woo ultra rich kids
        49 10 PRIVATE banks in Singapore are jostling to capture an emerging class of customers the children of their ultra rich Asian clients. The summer months of July and August are busy times for bespoke bankers such as UBS, Credit Suisse and HSBC.
        49 words
      • Article
        Lock icon Gazprom deals boost LNG trade from Singapore
        41 10 RUSSIA’S Gazprom, the world’s largest gas producer, through its Singapore trading office, has just signed its fourth supply deal with Indian companies this year, with the deals reportedly worth over US$90 billion in total.
        41 words
      • Article
        Lock icon GIC refuses to play with fire in US, Europe
        70 10 THE Government of Singapore Investment Corp has sharply reduced its investment exposure to Europe and the United States as part of an ongoing shift into emerging markets such as China. “Outside the emerging economies, it’s a case of choosing between three
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      • Article
        Lock icon Debt wrangling gives greenback the blues
        56 10 THERE was less bang for the buck on Monday as the US dollar fell to new year-lows against the Singapore dollar, Swiss franc and Japanese yen, amid continued political wrangling over the debt ceiling in the US. Bloomberg data showed that at 7pm, one
        56 words
      • Article
        Lock icon MAS gets tough post-Madoff
        61 10 THE Court of Appeal has upheld a High Court ruling which found Pheim Asset Management Sdn Bhd and its CEO Tan Chong Koay guilty of market rigging. Among other things, the case suggests that the Monetary Authority of Singapore will tolerate no funny business, especially in
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      • Article
        Lock icon New CEO looking for more land to expand MBS
        56 10 MARINA Bay Sands has again called on the Singapore government to make available several adjacent plots of land that would help support the US$5.7 billion integrated resort’s burgeoning operations. These are land parcels not on the reserve list, said newly appointed
        56 words
      • Article
        Lock icon Auditors of listed firms may see bar set higher
        54 10 SINGAPORE is reviewing its Accountants Act, for the first time in seven years, to ensure that the regulatory framework for public accountants remains relevant. The review could lead to higher standards being set for firms that audit public-interest entities, such as
        54 words
      • Article
        Lock icon Firms barring foreign workers from casinos
        48 10 FOR some Singapore companies, it’s not a gamble but a necessity. After seeing their foreign workers go missing some days only to be found gambling firms are making them apply for self-exclusion from the two casinos as part of their employment agreement.
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      • Article, Illustration
        Lock icon FORBIDDEN FRUIT
        22 10 Firms are making their foreign workers apply for self-exclusion from the two casinos as part of their employment agreement REUTERS
        REUTERS  -  22 words
      • Article
        Lock icon DBS hits the high notes ahead of Q2 results
        57 10 DBS Group Holdings shares surged on Wednesday to a new 52-week high ahead of the company’s Q2 results on Thursday. The local bank rose 1.5 per cent or 22 cents to $15.32 on heavy volume of 5.8 million shares. Its previous
        57 words
      • Article
        Lock icon Not even S$1.20? US dollar shrinks to new lows
        55 10 THE US dollar slid further on Wednesday, breaking the key psychologically level of S$1.20 to hit S$1.1992 in morning trade, as it continued to suffer from gridlock over the US debt ceiling. By 7pm, it had recovered to S$1.2021, but that
        55 words
      • Article
        Lock icon A property index that thinks out of the shoebox
        58 10 FINALLY, an index has been minted that monitors price changes for shoebox apartments. And it shows what market players have observed for some time now that price increases of shoebox apartments have been outpacing gains in overall apartment prices since the
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      • Article
        Lock icon EDB banks on new partnership with HSBC
        45 10 THE Singapore government has found its first bank ally for its efforts to woo global mid-sized companies and Asian enterprises to Singapore. HSBC on Thursday agreed to work with the Economic Development Board over the next three years.
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    • Article
      Lock icon NEXT WEEK |
      73 10 NEXT WEEK Aug 1-5, 2011 US DATA Aug 1 June construction spending Aug 2 June personal income Aug 3 June factory orders July ISM services Aug 5 July non-farm payrolls July unemployment rate EVENTS Aug 1 China releases July manufacturing PMI Thai parliament holds its opening session Aug 2 Deadline
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  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      338 10 CRYPTIC CROSSWORD Across 1 Rome’s source for investors looking for a return (5,8) 10 Are moving home, it must be serious (7) 11 To some extent it’s of Iran’s making (2,2,3) 12 Ready to return to place of exile (4) 13 I note and see love in the home (5)
      338 words
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      17 10 SATURDAY with Ludwig not to mention the power that you will save from the lamp post outside.’
      17 words
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  • COMPANIES
    • Article
      Lock icon SIA shares tumble on poor Q1 earnings
      507 11  -  The counter closed at $14.16 yesterday, down 55¢ or 3.74% By Nisha Ramchandani nishar@sph.com.sg Singapore SINGAPORE Airlines (SIA) shares tumbled yesterday on news that high fuel costs had caused a big dent in its first-quarter earnings. The counter opened trading at $14.14 and
      507 words
    • Article
      Lock icon FCT buying Bedok Point for $127m
      419 11  -  By Emilyn Yap emilyny@sph.com.sg Singapore FRASERS Centrepoint Trust (FCT) is buying Bedok Point for $127 million from its sponsor, Frasers Centrepoint Limited the property arm of Fraser and Neave (F&N) using a mixture of debt and equity. The market has been expecting the acquisition,
      419 words
    • Article
      Lock icon FCOT posts DPU of 1.38 cents for Q3
      340 11 Singapore FRASERS Commercial Trust (FCOT), whose five-into-one unit consolidation was completed in February this year, yesterday posted a distribution per unit (DPU) of 1.38 cents for the third quarter ended June 30. This is 10 per cent higher than a year ago,
      340 words
    • Article
      Lock icon All-day trading may not lift volumes much
      701 12  -  Analysts say immediate effect may not be significant given the greater, continued drag from global uncertainties CORPORATE FOCUS By Teh Shi Ning tshining@sph.com.sg Singapore WITH the imminent start of all-day trading on the Singapore Exchange (SGX), analysts say that the lift to trading
      701 words
    • Article
      Lock icon SGX sets up online education platform
      438 12  -  It also appoints new senior executive for China listings By Dickson Li dicksonl@sph.com.sg Singapore THE Singapore Exchange (SGX) yesterday unveiled an online platform to educate retail investors on the trading of investment products. It also named a new senior executive in charge of China
      438 words
    • Article, Illustration
      Lock icon Local, HK stocks seem unfazed by US debt fears
      598 13  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent Perhaps the most significant observation of the week that’s just gone by is the relative resilience of Hong Kong’s Hang Seng and the Straits Times indices to events in the US, where Wall Street has
      598 words
    • Article
      Lock icon TOP 20 ACTIVES
      190 13 VOL CLOSE Gent i ng SP 121,669 1 90 2.5 1 .3 NexGenSCom 107,141 3 0.2 7.1 Midas 84,652 57 1 .0 1 .8 HPH Trust US$ 71,761 76 1 .2 1 .3 Golden Agri 67,838 73 0.0 0.0 EuNetworks 67,559 1 8 0.0 0.0 SingTe l
      190 words
    • Article
      Lock icon STI STOCKS
      109 13 Stock name Close Change CapMallsAsia 1.435 CapitaLand 2.900 -0.020 CapitaMall 1.885 +0.005 CityDev 10.560 +0.060 ComfortDelGro 1.435 -0.005 DBS Grp 15.530 +0.200 F&N 6.000 +0.050 GLP 2.020 +0.020 Genting SP 1.900 -0.025 Golden Agri 0.730 HK Land 6.720 +0.090 JMH 57.310 -1.690 JSH 32.740 -0.700 Jardine C&C 48.360
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    • Article
      Lock icon TOP GAINERS
      63 13 BY CENTS CLOSE UP DBS Bk 4.7% NCPS 100 ***** 130.0 1.2 DBXT AUD Bonds 5AU$ ***** 81.7 0.4 DBS.ES.1107 1549 61.0 4.1 DBXT S&P Short 10US$ 4273 54.3 1.1 DairyFarm 900 48.2 4.7 Hyflux 6% CPS 10 ***** 36.0 0.3 STXPO 100 883 23.0 2.7 DBS Grp
      63 words
    • Article
      Lock icon TOP LOSERS
      64 13 BY CENTS CLOSEDOWN JMH 5731 -203.8 -2.9 IS S&P500 ***** -167.6 -1.1 DBXT Nifty 10US$ ***** -135.1 -0.9 OCBC Bk 5.1%NCPS 100 ***** -104.0 -1.0 UOB 5.05%NCPS 100 ***** -99.0 -0.9 DBXT MSKorea 10US$ 6417 -91.7 -1.2 JSH 3274 -84.4 -2.1 DBXT MSAsExJp 10US$ 3390 -79.6 -1.9 Lyxor
      64 words
    • Article
      Lock icon Two corporate bond issues snapped up
      703 13  -  Suntec Reit, Olam offers oversubscribed despite market jitters By Siow Li Sen lisen@sph.com.sg Singapore SOME alarmists may be warning of Armageddon come next Tuesday if the US does not resolve its debt problem but bond investors here seem to be oblivious to the dark
      703 words
    • Article, Illustration
      Lock icon Pacific Andes Resources to up stake in Tassal
      513 14 Growing demand for salmon products in China prompts decision Reuters Hong Kong FISHING and frozen seafood processor and distributor Pacific Andes International Holdings Ltd said its Singapore-listed Pacific Andes Resources Development Ltd intends to increase its stake in Australian salmon farmer Tassal
      Reuters; FILE PHOTO  -  513 words
    • Article
      Lock icon At a glance
      184 14 glance 3 months ended June 2011 6 months ended June 2011 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Jardine Strategic 3120.43 1549.77 101.3 *****.81 *****.95 22.0 2 Jardine Matheson 2706.26 1387.54
      184 words
    • Business briefing
      • Article
        Lock icon United Envirotech Q1 profit falls 16.3% to $3.54m
        85 14 UNITED Envirotech (UE) reported a 16.3 per cent year-on-year fall in first-quarter net profit to $3.54 million. Revenue was down 7 per cent to $20.79 million, which UE attributed mainly to lower engineering revenue. Finance costs were also higher. Looking ahead, UE
        85 words
      • Article
        Lock icon ST Electronics signs MOU with NEC Corporation
        101 14 ST Electronics, the electronics arm of ST Engineering, has signed a memorandum of understanding (MOU) with NEC Corporation to collaborate in information communication technologies initiatives. The first initiative is a $6 million joint venture NEC STEE Cloud Services Pte Ltd –with NEC holding
        101 words
      • Article
        Lock icon Koon unit bags $37.9m HDB infrastructure contract
        111 14 KOON Holdings’ wholly owned subsidiary Koon Construction and Transport has been awarded a $37.9 million infrastructure contract by the HDB. The three-phase contract is for the construction of a vehicular bridge link between Pulau Punggol Timor and Singapore, a road system from the
        111 words
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      Lock icon Page 11 Advertisements Column 1
      74 11 SINGAPORE -SWEEP1 st prize PRIZE $2,200,000 $500,000 $250,000 $800,000 3 rd PRIZE SUPER SWEEP SNOWBALLED TO 1st Prize $2.2 Million 2nd Prize 5500,000 3rd Prize S250.000 a RE r o(j Suuj&fMhtS’.VKKt Draw No. 08/2011 A d V *3 *****40 $3H „-^.-«n.-^y,3Augu«20n DRAW ON WEDNESDAY, 3 AUGUST 2011 p |_ayA Always
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      77 12 Check out these positions and seven hundred more in CATS Recruit Executive Appointments in The Straits Times now! Sentosa Leisure Group has a position open for a Senior Architect The Singapore Institute of Management has a vacancy in Strategic Plans Research Toshiba Electronics is recruiting Sales Marketing Engineers Obayashi Singapore
      77 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Courting the older customer
      1035 15  -  How can companies become more age-friendly? The answer involves reviewing the entire customer experience with ageing physiology in mind FROM THE DESK OF Kim Walker CEO, Silver Group UNTIL a few years ago, the notion of being “environmentally friendly” was seen by business as an unnecessary
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  • SINGAPORE
    • Article, Illustration
      Lock icon New home loans in Q2 down 4.2% from Q1
      445 16  -  MAS data also shows new loans granted for owner-occupied property fall more than loans for investment property By Conrad Tan conradt@sph.com.sg THE volume of new home loans granted in April-June fell by 4.2 per cent compared to the first quarter of
      STOCK.XCHNG  -  445 words
    • Article
      Lock icon URA to launch tender for Woodlands industrial site
      249 16 THE Urban Redevelopment Authority (URA) announced yesterday that it accepted an application from a developer to put up the industrial site at Woodlands Avenue 12 (Parcel 3) for sale via public tender. The land parcel has a site area of 202,361 sq
      249 words
    • Article
      Lock icon RealStar to launch Good Class Bungalow portal
      233 16  -  By Kalpana Rashiwala kalpana@sph.com.sg THINGS may be a little slow moving in the Good Class Bungalow (GCB) market these days but property agency RealStar Premier Group is using the opportunity to sharpen its competitive edge by launching an online portal for potential GCB
      233 words
    • Article, Illustration
      Lock icon Rolls-Royce opens campus here
      495 17  -  Its Regional Training Centre at Seletar will train up to 4,000 technicians, engineers every year By Ven Sreenivasan ven@sph.com.sg ROLL-ROYCE’S new $70 million Regional Training Centre (RTC) at Seletar Aerospace Park will train up to 4,000 technicians and engineers in aerospace, marine, defence and power systems
      495 words
    • Article
      Lock icon Lianhe Zaobao gets new chief on Monday
      240 17 LI AN HE Zaobao, the Chinese flagship newspaper of Singapore Press Holdings, gets a new man at the helm from Monday. Goh Sin Teck, 47, deputy editor of the paper, will take over as editor from Lim Jim Koon, 62, who will assume
      240 words
    • Article
      Lock icon ST to launch iPad and iPhone apps on Aug 1
      379 17  -  By Carine Lee carinel@sph.com.sg iPAD users will be able to read The Straits Times (ST) on their tablet beginning this Monday. Singapore Press Holdings’ (SPH) flagship newspaper will launch its iPad application alongside an enhanced iPhone application at 7am on
      379 words
    • Article, Illustration
      Lock icon Most S’poreans feel under-utilised: poll
      352 18  -  The Lumesse survey also finds that 42% of employees see their respective companies’ appraisal system as having little or no value By Lynn Kan lynnkan@sph.com BOSSES take heed. The annual appraisal may need to be more meaningful, if you want to keep your workplace from
      STOCK.XCHNG  -  352 words
    • Article
      Lock icon WSQ programmes help Delta boost productivity
      411 18  -  By Nicholas Yeo yeonick@sph.com.sg THE decision not to retrench but to retrain Singapore customer service staff in tough times has paid off for Delta Air Lines. After just a year on specially tailored Singapore Workforce Skills Qualifications (WSQ) programmes by the Singapore Workforce Development
      411 words
    • Article
      Lock icon ICA eLobby officially opened by DPM Teo
      163 18 THE new eLobby@ICA, housing 13 public self-service kiosks for immigration-related services, was officially opened yesterday by Deputy Prime Minister and Minister for Home Affairs, Teo Chee Hean. The former cafeteria space at the Immigration Checkpoints Authority (ICA) Building has been transformed into a
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      43 18 VI Vi SjfS v mr tfjW i A > Suede’s Greatest Hits Tour 3 August 2011, Singapore Indoor Stadium EXCLUSIVE TICKETS TUNE IN TO 91.3FM OR LOG ONTO WWW.RADI0913.COM FOR MORE DETAILS OFFICIAL RADIO STATION PRESENTEDBY Midas Promotions www.midaspromotions.com 91.3FM TODAY S BEST MUSIC
      43 words
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  • WORLD
    • Article
      Lock icon Economy grows less than forecast in Q2
      503 19 GDP rises at a 1.3% annual rate, as opposed to a predicted increase of 1.8%; household purchases climb 0.1% LATEST US DATA Bloomberg Washington THE US economy grew less than forecast in the second quarter, after almost coming to a halt at the
      Bloomberg  -  503 words
    • Article
      Lock icon Kan urges non-reliance on nuclear
      729 19  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN should become “a society that is no longer reliant on nuclear energy”, Prime Minister Naoto Kan declared last night. This appears to endorse his previous controversial call for a “phasing out” of nuclear power, which had sparked outrage among
      729 words
    • Article
      Lock icon China tells banks to speed up debt collection
      550 20 Concerns grow US$1.7 trillion loans given to local govts may spur a wave of bad debts Bloomberg Beijing CHINA’S banking regulator told lenders they haven’t set aside sufficient funds to cover losses on loans to local governments and ordered them to accelerate
      Bloomberg  -  550 words
    • Article, Illustration
      Lock icon Japan banks eye global stakes
      492 20 Reuters Tokyo TOP Japanese banks are looking to expand their footprints in markets as far apart as Vietnam, Brazil and Malaysia as they seek to counter poor demand for loans at home and benefit from a strong currency. Mizuho Financial Group, the nation’s second biggest
      Reuters; REUTERS  -  492 words
    • Article, Illustration
      Lock icon New phone-hacking discovery stuns UK
      557 21 Sara Payne, whose 8-year-old daughter was murdered in 2000, may be another victim NYT London BRITAIN was awash in a new surge of outrage over the phone-hacking scandal on Thursday as news emerged that Scotland Yard had added to the list of probable victims a
      NYT; AP  -  557 words
    • Article
      Lock icon Banks bidding for RMB1b syndicated loan for HK firm
      442 21 Reuters Hong Kong A HANDFUL of banks are bidding for a one billion renminbi (S$ 187.3 million) syndicated loan for a Hong Kong-listed company, raising hopes for the development of an offshore renminbi loan market, banking sources told Thomson Reuters Basis
      Reuters  -  442 words
    • Article
      Lock icon AIA posts 24% jump in H1 profit
      510 21 Bloomberg Hong Kong AIA Group Ltd, the third-largest Asia-based insurer by market value, reported a stronger-than-estimated 24 per cent increase in first-half profit, sending its shares higher in Hong Kong trading. Net income climbed to US$1.31 billion in the six months to May,
      Bloomberg  -  510 words
    • Article, Illustration
      Lock icon Japan warns of action to curb yen’s climb
      493 22 It says currency is deviating from Japan’s economic fundamentals Reuters Tokyo JAPAN escalated yesterday its warning to markets against testing the yen’s upside movement further, with the Finance Ministry signalling that Tokyo may not wait for too long with action if the
      Reuters; REUTERS  -  493 words
    • Article
      Lock icon S&P’s decision to suspend rating on bond under attack
      401 22 Ratings agency found flaw in review process Bloomberg New York WALL Street banks including Morgan Stanley and Deutsche Bank slammed Standard Poor’s (S&P) decision to suspend a rating on a commercial-mortgage bond that had been placed with investors after finding a
      Bloomberg  -  401 words
    • Article
      Lock icon Asset plans: China tells firms to get bond holder nod
      294 22 Reuters Shanghai CHINA’S economic planning agency has ordered companies to obtain bond holders’ approval if they want to conduct any restructuring of assets while they still have bonds outstanding, two sources with direct knowledge of the directive said. The National
      Reuters  -  294 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      48 19 Choice f mSingapo*® 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. An English weekly available free every Friday at all 7-Eleven outlets For advertising enquiries, call 9171-4327 9693-0266 or email tabla@sph.com.sg
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  • Article
    Lock icon SGX
    8348 23 Transaction date: Jul 29 Transaction date: Jul 29 Transaction date: Jul 29 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 13.2 8Telecom 15 +0.5 90 15 14.5 14.5 15.5 7.8 4.1 3.1 71.8
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  • Article
    Lock icon SGX CATALIST
    1668 26 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 $mil 34 20 t 800 Super 22 unch ***** 23.5 22 22 22.5 7.6 39.3 5.5 3.7 t AA Grp 3.7 3.4 4 17.6 3.6 202
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 3 0 0 0 5 7 3 Manufacturing 53 62 39 4 7 8 57 69 47 Commerce 16 28 16 1 5 4 17 33 20 Tpt/Stor/Comms 8 26 7
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,945 26,945 80,660 80,660 Manufacturing 308,628 39,752 348,380 278,963 431 279,394 Commerce 167,756 4,890 172,646 126,192 750 126,942 Tpt/Stor/Comms 217,989 7,494 225,483 548,394 893 549,287 Finance 38,122 2,308 40,430 308,214 598 308,812 Construction 59,315 33,774
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    826 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jul 25 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Cache Log Trust 28-Jul-11 Lim Hwee Chiang *Buy 975 na ***** 2.05 ***** 2.20 Nam Cheong Ltd
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  • MARKETS
    • Article
      Lock icon OIL
      75 27 Jul 28 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 118.57 0.31 WTI (Near Mth) 97.23 -0.15 Dubai (1-Mth F) 112.13 -0.39 Tapis blend 122.95 -0.12 Minas 118.95 -0.12 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.47 0.69 Jet Kerosene 131.25 -0.25 US$/barrel Opec Oil Basket Price
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    • Article, Illustration
      Lock icon MARKETS
      1 27
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Jul 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.365 1.288 Can dollar 1.288 1.239 Euro 1.754 1.687 Sterling pound 2.005 1.928 NZ dollar 1.075 1.024 US dollar 1.219 1.173 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon GOVERNMENT SECURITIES
      85 27 Jul 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 27.10.2011 0.23 0.16 0.08 1-Year BY*****X 02.05.2012 0.28 0.18 0.17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.9 103.95 103.93 5-Year N*****0W 1.125
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jul 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3177 1.3191 1.0927 1.0930 Canadian dollar 1.2675 1.2690 1.0511 1.0514 Euro 1.7209 1.7227 1.4271 1.4274 NZ dollar 1.0447 1.0460 0.8663 0.8667 Sterling pound 1.9642 1.9660 1.6288 1.6290
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    • Article
      Lock icon METALS
      68 27 Jul 29 GOLD(US$/oz) Jul 29 Jul 28 Hong Kong 1613.50 1618.00 --Jul 28 Jul 27 London 1605.20 1616.61 1606.20 1617.38 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 48.14 47.74 Source: UOB PLATINUM Lon (US$/oz) Jul 28 Close Previous PM Fix 1790.00 1814.00 AM Fix 1790.00 1810.00 Source:
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      61 27 www.smx.com.sg As on 28 July 2011 PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1614.9 1614.8 1614.9 1615.4 CURRENCY Euro-US Dollar Sep-11 1.4382 1.4236 1.4286 1.4367 BASE METALS Copper Cash Sep-11 9885 9788 9847 9806 ENERGY WTI Crude Sep-11 97.12 97.11 97.12 97.43
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jul 28 Index Change Change Change Change Change Change World Index Preliminary 898.4 0.2 0.1 -0.1 -3.2 0.1 3.1 EAFE Preliminary 765.6 -0.5 -4.4 -0.9 -4.7 -0.7 1.6 Europe Preliminary 1127.1 -0.2
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    • Article
      Lock icon LONDON METALS
      71 27 Jul 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2611.00 2620.75 3 months 2638.00 2644.00 Copper, Grade A (US$/tonne) Cash 9794.00 9756.00 3 months 9814.00 9779.00 Lead (US$/tonne) Cash 2637.00 2671.00 3 months 2655.50 2690.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      80 27 Jul 28 COCOA (£/tonne) Close Prev High/Low Sep 11 1862 1890 1903/1860 Dec 11 1894 1922 1933/1892 Mar 12 1915 1943 1954/1914 May 12 1925 1954 1951/1925 COFFEE(US$/tonne) Close Pev High/Low Jul 11 2039 2082 2064/2064 Sep 11 2084 2127 2127/2077 Nov 11 2116 2159 2155/2108 Jan 12 2129
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    • Article
      Lock icon PALM OIL
      72 27 Jul 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3110 3110 3120 3095 231 2465 Sep 11 3103 3097 3112 3082 2782 ***** Oct 11 3097 3096 3114 3080 ***** ***** Nov 11 3100 3093
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    • Article
      Lock icon CHICAGO BOT
      103 27 Jul 28 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 11 1367.75 1375.75 1380.00 1367.00 Sep 11 1362.50 1371.75 1376.25 1360.50 Nov 11 1371.50 1380.50 1385.00 1369.00 Jan 12 1382.00 1390.50 1393.00 1381.25 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 11 55.76 56.40 56.57 55.74
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Harry Potter’s economics lessons
      896 28 / 29  -  The Harry Potter series has a vital message in economics. Tolerance is economically good and prejudice is economically bad. By Paul Donovan By Paul Donovan Paul Donovan is managing director and deputy head of global economics, UBS Economists, as a rule, lead lives of ceaseless toil
      BLOOMBERG  -  896 words
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      Lock icon Aspirations of the Gorkha hill people
      805 28 / 29  -  By Harish Mehta Harish Mehta, a former BT correspondent for Indo-China, is currently visiting Kolkata. btworld@sph.com.sg THE Darjeeling hills are alive with the sound of Gorkha music and revelry involving the consumption of rakshi (rum) along with the much-favoured delicacy, blood sausage. hese residents
      AP  -  805 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Hedge funds trade autonomy for partners
        1159 30 / 31 Amid a cash drought, they are more tempted to pool efforts in order to share costs and meet stricter risk standards demanded by investors Bloomberg AT the time when Rory Dickson was planning a fund to invest in Asian con-sumer-related stocks, uncertainty over how
        Bloomberg; STOCK.XCHNG  -  1,159 words
      • BROKERS' TAKE
        • Article
          Lock icon DBS Group
          638 30 / 31 Buy Phillip Securities Research July 29 Close: $15.53 DBS reported H1 2011 revenue of $3.75 billion and net profit of $1.5 billion. Annualised EPS fell 10 per cent q-o-q to $1.26 and NAV increased slightly to $11.47 from $11.39 in previous quarter. Q2 2011 revenue was $1.84 billion
          638 words
        • Article
          Lock icon Singapore Airlines
          145 30 / 31  -  Compiled by Conrad Tan Sell DMG Partners Research July 29 Close: $14.16 SIA’s results disappointed, with core earnings for Q1 FY2012 representing less than one per cent of our and consensus’ full-year forecasts. The dismal results were due to a combination of weak breakeven load factor and escalating
          145 words
      • Article
        Lock icon Mitsubishi Estate to expand property fund
        505 32 It aims to increase the open-ended fund’s size to 500b yen in 10 years to help boost its asset-management business Bloomberg Tokyo MITSUBISHI Estate Co, Japan’s largest developer by market value, plans to expand a property fund that targets pension investors to help boost
        Bloomberg  -  505 words
      • Article, Illustration
        Lock icon China funds trim stocks exposure: poll
        468 32 Reuters Shanghai CHINESE mutual funds cut their recommended exposure to stocks while increasing bond holdings amid concern over inflation and further monetary tightening, a Reuters poll of fund managers for July showed. Mounting concerns over local government debt and a deadly train crash last
        Reuters; AP  -  468 words
      • Article, Illustration
        Lock icon The era of inflation – and not just prices
        1192 33  - The era of inflation and not just prices Spikes are found too in company profits, executive compensation, school grades and credit ratings SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder CONSUMER price inflation in Singapore rose to 5.2 per cent in June.
        Source: Stuart Rojstaczer and Christopher Healy  -  1,192 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        1123 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 29 AND JULY 5, 2011 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 11 LANDED Watten Estate 3-Ter 29/06/2011 FH 2697 3600 1335 NON-LANDED Amaryllis Ville Apt 30/06/2011 99 958
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      • Article
        Lock icon Gate directive hits privacy of HK’s billionaires
        305 35 Tycoons ordered to move estate gates out of public land Reuters Hong Kong HONG KONG’S billionaires are finding it harder to buy peace and quiet these days. After years of turning a blind eye, the government this month issued regulations demanding tycoons move
        Reuters  -  305 words
      • Article, Illustration
        Lock icon Home prices in Perth seen falling further this year
        404 35 Bloom berg Perth PROPERTY prices in Perth, the centre of Australia’s mining boom, may fall further this year after slumping the most out of any state capital in the past 12 months, an Australian Property Monitors economist said. “Perth will probably
        Bloomberg; BLOOMBERG  -  404 words
      • Article, Illustration
        Lock icon UK house prices rise in July on weak supply: Nationwide
        314 35 Bloomberg London UK house prices unexpectedly rose in July as a “gradual” increase in the supply of properties for sale helped to support values, Nationwide Building Society said. The average cost of a home increased 0.2 per cent to £168,731
        Bloomberg; AP  -  314 words
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  • Page 36 Advertisements
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      Lock icon Page 36 Advertisements Column 1
      50 36 M iUDEMARS PlGUET Le maitre de I’horlogerie depuis 1875 60 basp 7 Oq o i O 1 m WM 2% a?? fO I 26 ?sa 4C Cq n sz°, U 1 ss? ylUDEMARS PlGUET u I La, mm r.jif ROYAL OAK OFFSHORE CHRONOGRAPH For enquiries, Tel: (65) 6238 6678 audemarspiguet.com
      50 words
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      61 1 TIONG BAHRU REDUX The changing face of the neighbourhood L2-5 DINING For the love of cooking L6-7 LivingBTTHE BUSINESS TIMES WEEKEND JULY 30 31 2011 TRAVEL Bali’s hip new haunts L10-11 PHOTO: JOHN HENG PERSONAL SPACE White open spaces L12-13 GADGETS Encasing the iPad 2 L14 STYLE Plumes de Chanel
      61 words
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  • SHOPPING/DINING
    • Article, Illustration
      Lock icon TIONG BAHRU REDUX
      2946 2 / 3  -  Designer home offices, indie retail outfits, penthouse parties, a resident stormtrooper... Welcome to Tiong Bahru, where heritage is hip and old-world charm meets edgy entrepreneurship. By Tan Teck Heng By Tan Teck Heng thtan@sph.com.sg thtan@sph.com.sg TIONG Bahru resident Lim Kah Hoe is a hardcore Star Wars f
      PHOTOS BY JOHN HENG  -  2,946 words
    • Article
      Lock icon wine&dine
      896 4 / 5 with BTWeekend Bar on 5 Mandarin Orchard Singapore, Level 5 333 Orchard Road Z 6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage
      896 words
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  • DINING
    • Article, Illustration
      Lock icon Passion food
      2389 6 / 7  -  BT Weekend meets up with foodies who are willing to give up successful careers in order to pursue their dreams of culinary excellence By Jaime Ee jaime@sph.com.sg By Natalie Koh natksl@sph.com.sg Mad about pizza http://www.facebook.com/PeckaPizzaProject?sk=info DAMIEN Tan is your ultimate doughboy. That’s what makes him happy playing with
      ARTHUR LEE  -  2,389 words
  • Page 6 / 7 Advertisements
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      Lock icon Page 6 / 7 Advertisements Column 1
      40 6 / 7 WAT3 CLASSIFIED m t y m mfft Beautify you home with a new rug. :%K t V. Qt WAT^ BUY IT*SELL IT* FIND IT To find out more, turn to CLASS 92 in CATS Classified in The Straits Times now.
      40 words
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  • STYLE
    • Article, Illustration
      Lock icon In fine feather
      858 8  -  Jewellery hits a new high with diamonds, diamonds and more diamonds from the haute collection of Plumes de Chanel. By Melissa Lwee-Ramsay mellwee@sph.com.sg GABRIELLE “Coco” Chanel once said: “If you weren’t born with wings, it doesn’t stop you from flying.” If anything, it certainly did not stop
      PHOTOS: CHANEL  -  858 words
    • Article, Illustration
      Lock icon Visual excitement is the key
      705 9  -  Andrew Coxon, president of the De Beers Institute of Diamonds, explains what consumers should look out for when purchasing the precious stone. By Tam Yu Ling By Tam Yu Ling tamyl@sph.com.sg ADIAMOND’S 4Cs carat, colour, clarity and cut have always been the standard a buyer
      705 words
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  • TRAVEL
    • Article, Illustration
      Lock icon Bali high
      1402 10 / 11  -  Nature’s splendours aside, the chi-chi Seminyak area of Bali is now home to a growing number of fashionably original buildings with snazzy interior designs. By Corinne Kerk By Corinne Kerk btnews@sph.com.sg NOT only is the Island of the Gods full of stunning natural beauty from soft, sandy beaches
      PHOTOS: EMILY DIMOZANTOS; PHOTOS: ALBERT JUDIYANTO; PHOTOS: CORINNE KERK; CHESTER ONG  -  1,402 words
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  • HOME & GARDEN
    • Article, Illustration
      Lock icon White open spaces
      980 12 / 13  -  personal space Simplicity is key in owner Mike Tan’s cosy home. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg Decorating a new home and all that it entails may pose a considerable challenge to some people but for Mike Tan, it’s a relative breeze and not just because
      PHOTOS: JOHN HENG  -  980 words
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  • GADGETS
    • Article, Illustration
      Lock icon Encasing the iPad 2
      729 14  -  Apple’s iPad 2 is pretty and pretty tough by itself, but the right case not only protects it from scratches and scrapes, but also personalises the tablet for your lifestyle. By Christopher Lim By Christopher Lim limchris@sph.com.sg Wrapsol for Apple iPad 2 ($49.90) Even the thinnest
      729 words
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  • HEALTH
    • Article, Illustration
      Lock icon New hope for endometriosis sufferers
      852 15  -  A drug that treats endometriosis without causing the usual menopausal side effects may well prove to be the gold standard for the long-term management of the condition. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg WOMEN who suffer from endometriosis now have another drug to turn
      852 words
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  • SPORT
    • Article, Illustration
      Lock icon So far, so good. What next?
      685 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor IT was the most perfect of gifts for this soon-to-be 46-year-old. I am, of course, referring to the Singapore Lions’ gutsy World Cup second-round qualifier victory over arch-rivals Malaysia on Thursday, a monumental result that
      FILE PHOTO  -  685 words
    • Article, Illustration
      Lock icon Down to the drivers at German GP
      358 16  -  chequered flag| with alex yoong THE German Grand Prix last weekend was a great affair, the first time this season that we managed to see all the top three teams Red Bull, Ferrari and McLaren fight on an equal footing. It was a
      REUTERS  -  358 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      34 16 ~Catch former F1 driver Alex Yoong on Star Sports’ (mio TV Ch 115) and ESPN HD’s (mio TV Ch 117) coverage of this weekend’s Formula One Hungary GP on Race Day and Chequered Flag
      34 words
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  • BT CORPORATE GOLF LEAGUE 2011
    • Article, Illustration
      Lock icon Plenty of action to come
      223 17  -  The field is still very much wide open with five rounds to go. By Justine Moss btnews@sph.com.sg DEFENDINGchampionsOAAG may have drawn first blood during the Business Times Corporate Golf League’s opening round on Tanah Merah Country Club’s Garden course, yet with five more rounds of
      YEN MENG JIIN  -  223 words
    • Article, Illustration
      Lock icon CIMB’s ‘fun way to forge deeper ties’
      463 17 CIMB Group is very much involved with golf, whether as participants it has returned to play in this year’s League or as sponsors, with its active CIMB Junior Golf Development Programme. This programme, which started in June 2010, is aimed at helping young
      463 words
    • Article, Illustration
      Lock icon An opportunity to network
      342 17  -  Reports by Justine Moss LEAGUE debutants Seagull Marine, a company which provides repair and maintenance services for the worldwide marine and offshore sectors, has had an excellent start to the competition, shooting a score of 101 to lie two off the pace. “We are pretty pleased
      342 words
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  • MOTORING
    • Article, Illustration
      Lock icon A Class above
      609 18  -  Mercedes-Benz has made more than 1,000 changes to the latest C-Class, including a much-needed dynamic advantage. By Samuel Ee By Samuel Ee samuelee@sph.com.sg MERCEDES-BENZ’S update of its C-Class has finally given this stylish range of sedans the much-needed dynamic advantage in a competitive segment. In particular, the
      609 words
    • Article, Illustration
      Lock icon driving notes
      456 19  -  by samuel ee samuelee@sph.com.sg Limited edition 911 Speedster Porsche has unveiled the new 911 Speedster, one that will be very sporty and very rare. Only 356 units as in the original 356 Speedster from 1954 are available. The latest open-top version is only the fourth Speedster from Porsche.
      456 words
    • Article, Illustration
      Lock icon Hungry for a win in Hungary
      683 20  -  The top drivers are all relishing the challenge of the tight and twisty 4.381 km Hungaroring. By Samuel Ee f1 watch By Samuel Ee samuelee@sph.com.sg SO Vettel no longer seems to be in fine fettle. For the first time this year, Red Bull driver
      REUTERS, AFP PHOTOS  -  683 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      29 21 it?0000£,.L8LZ88.| 8 PLUMES DE CHANEL ITHE BUSINESS TIMES HIGH JEWELLERY EXHIBITION FROM 30TH JULY TO 25TH AUGUST #01-04 TAKASHIMAYA SHOPPING CENTRE, NGEE ANN CITY TEL: (65) 6836 7588 www.chanel.com
      29 words
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      92 22 "PLUMES DE CHANEL" COLLECTION A tribute to Mademoiselle Chanel’s "Bijoux de Diamants" collection in which it features for the first time in the form of a sumptuous brooch, the feather inspires CHANEL Fine Jewellery to create a series of exceptional jewellery sets. Light, gracious and feminine, this ethereal motif is
      92 words
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