The Business Times, 13 August 2011

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 49
1 20 The Business Times
  • 19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg AUGUST 13 14, 2011 S$1.00 MICA (P) 139/08/2010 Sf?1 A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • 27 1 changing tack THEY invoke market disruption clause to reset interest rates for corporate loans pegged to now-negative Swap Offer Rates (SORs). 2
    27 words
  • 30 1 good show BUT they face difficult times ahead because recent financial market turbulence is likely to hurt their income from capital market activities. 4
    30 words
  • 32 1 harder luck BIGGEST drag turns out to be low win percentages for its VIP business segment, and recession fears are keeping its short-term outlook cautious. 13
    32 words
  • 33 1 smart money THEY are holding onto their positions in the belief that the sector is cheap and can ride out the current storm, say prime brokers. 19
    33 words
  • 820 1  -  Taken together with the global uncertainty, some research houses are trimming their earnings forecasts By Michelle Tan michtyz@sph.com.sg Singapore WITH the reporting season drawing towards a close, 233 companies have so far posted their second-quarter results. Of these, 200 have chalked up a combined
    820 words
  • 935 1  -  By Kalpana Rashiwala kalpana@sph.com.sg Singapore KWEK Leng Beng, executive chairman of major property player City Developments, has a thing or two to say about price trends in the Singapore market. Over the next six months, he said, developers may adjust downwards launch prices
    YEN MENG JIIN  -  935 words
  • Page 1 Advertisements

  • TOP STORIES
    • 539 2  -  They are invoking a market disruption clause as SORs turn negative By Emilyn Yap, Conrad Tan emilyny@sph.com.sg conradt@sph.com.sg Singapore BANKS are starting to invoke a market disruption clause to reset interest rates for corporate loans pegged to now-negative Swap Offer Rates (SORs). United Overseas
      FILE PHOTO  -  539 words
    • 140 2 G STI 2,850.59 (+54.37) G STI FUTURES 2,840 (+55) G SIMSCI 328.27 (+6.37) G SIMSCI FUTURES 326.20 (+8.60) STOCKS Friday Change KL COMP 1,483.67 +7.21 NIKKEI 225 8,963.72 -18.22 HANG SENG 19,620.01 +24.87 SET 1,062.07 +1.86 JAKARTA 3,890.53 +21.16 MANILA 4,321.73 +10.71 KOSPI 1,793.31 -24.31 SHENZHEN B 677.32 +6.79
      140 words
    • 461 2  -  By Winston Chai winstonc@sph.com.sg Singapore ASIAN stock markets endured another day of wild mood swings, with most paring their morning gains as the initial rally from Wall Street’s recovery soon got weighed down by falling US futures and renewed fears of a worsening
      461 words
    • 548 4  -  But they face difficult operating conditions in months ahead as violent swings in markets may hurt income By Conrad Tan conradt@sph.com.sg Singapore DESPITE reporting strong results in the second quarter, Singapore banks face difficult operating conditions in the months ahead. The recent
      548 words
    • 572 5  -  Kin Lian, Jee Say temper views that election is one pitting PAP against the Opposition By Teh Shi Ning tshining@sph.com.sg Singapore ALL four approved presidential hopefuls collected their certificates of eligibility at the Elections Department yesterday. None gave any indication that he might pull
      DESMOND FOO/THE STRAITS TIMES  -  572 words
    • 448 5  -  By Ronnie Lim ronnie@sph.com.sg Singapore SINGAPORE refineries are enjoying a strong third quarter so far, thanks to brisk regional demand for transportation fuels and power plant feedstock, industry sources say. A fire at a major Taiwan refinery, plus natural gas
      448 words
    • 546 6 Japan cuts growth forecast; French economy stalls in Q2, Greece reports a contraction Bloomberg Hong Kong HONG KONG’s economy has shrunk for the first time since the global financial crisis after exports grew at a slower pace. Gross domestic product
      Bloomberg; XINHUA  -  546 words
    • 672 6 Reuters Paris A PIECEMEAL ban on short-sell-ing of financial stocks in Europe sparked a rush of alternative proposals from countries and regulators yesterday and investors said the row undermined a rally in bank shares. France, Italy, Spain and Belgium imposed bans,
      Reuters  -  672 words
  • Page 2 Advertisements
    • 63 2 CONTENTS NEWS Top Stories 2-6 Raffles Conversation 8-9 Week in Review 10 Companies 11-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-4 Style L5 Beauty L6-7 Readers’ Promo L8-9
      63 words

  • Page 3 Advertisements
    • 106 3 FRANCK MULLER BOUTIQUE SINGAPORE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 MELBOURNE 119 COLLINS STREET (613) 9650 0288 JAKARTA PLAZA INDONESIA (6221) 310 7608 BANGKOK SIAM PARAGON (662) 610 9423 AUTHORISED RETAILERS SINGAPORE SINCERE FINE WATCHES NGEE ANN CITY (65) 6733
      106 words


  • Page 5 Advertisements
    • 25 5 >/<//</ JACKPOT u rfi < THIS MONDAY X8 Do not bet illegally. RCB Reg No: *****0202G For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m
      25 words


  • Page 7 Advertisements
    • 538 7 Over 40 FREE Seminars by Financial Institutions Educators EVENT HIGHLIGHTS Panel Discussion on Market Outlook (In English) Over 30 Local International Exhibitors Attend Educational Workshops Conducted by International Investment Veterans WIN Attractive Lucky Draw Prizes EDUCATIONAL WORKSHOPS Geoff Howie (Moderator) Director Product Marketing, Sales Clients Singapore Exchange David Cohen Director
      538 words

  • THE RAFFLES CONVERSATION
    • 1602 8/9  -  Economic turmoil has not clouded Fumio Ohtsubo’s vision of transforming Panasonic into a global leader in green innovation. By Kenneth James By Kenneth James kenjames@sph.com.sg FOR Panasonic Corp president Fumio Ohtsubo, the massive earthquake and tsunami that devastated north-east Japan in March remains an open
      ARTHUR LEE  -  1,602 words
    • 431 8/9 THERE are business partners, and there are friends. To Singapore, Panasonic Corp president Fumio Ohtsubo is a friend. And he, in turn, is quick to emphasise that the feeling is mutual. The relationship is a long-standing one, spanning the president’s 40-year career at Panasonic. More significantly, Singapore
      431 words

  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Aug 8-12, 2011
      • 54 10 FINANCE ministers and central bankers are frantically discussing strategies to counter a potential global market slide following Standard Poor’s downgrade of US Treasury securities. In the coming days, analysts expect price gyrations to continue in currency, equity and bond markets with stocks
        54 words
      • 67 10 TRADES between the Philippines and Paraguay would usually have gone unnoticed in Singapore but a few weeks ago, Citigroup’s local unit found itself in the middle of one such deal, directing a letter of credit halfway across the world. Citi’s new
        67 words
      • 70 10 FINANCIAL markets across Asia reacted violently on Monday to the loss of the United States’ triple-A credit rating, leaving policymakers scrambling to find ways to calm investors and to prevent another global financial crisis. Major stock indices swung wildly, slumping over 4
        70 words
      • 62 10 THE Republic’s economic growth could slow to 2.5 per cent this quarter and dampen the economy’s performance for the full year, leading indicators of the latest BT-UniSIM Business Climate Survey show. All indicators sales, orders and profit performance worsened in the second quarter
        62 words
      • 39 10 AFTER what appeared to be a selling climax on Monday, some stock markets nervously recovered from their lows, hoping against hope that the US Federal Reserve Board would soothe panic-stricken investors.
        39 words
      • 66 10 PRIME Minister David Cameron recalled Parliament and ordered thousands of extra police onto the streets after Britain’s worst rioting in decades left parts of London and other cities in flames. The Speaker has agreed to recall Parliament so lawmakers could debate their response
        66 words
      • 29 10 A property is on fire in Croydon as a wave of violence and looting raged across London and spread to three other cities on Tuesday AP
        AP  -  29 words
      • 67 10 A MODEST pick-up in economic growth is now Singapore’s key scenario in the second half, with support from pharmaceuticals, financial services, tourism-linked sectors and firm growth in emerging Asia. But if a global downturn materialises, Singapore “could stall or even see a
        67 words
      • 57 10 THE popularity of Singapore government bonds has surged in recent weeks as investors seek refuge in safe havens, while playing on the appreciating Singapore dollar. The signs? Bond yields have fallen to record lows almost across the board as bond prices
        57 words
      • 31 10 INVESTORS should brace themselves for a bumpier ride in the near future as see-sawing Asian bourses become fixtures in a climate of unending macroeconomic uncertainty.
        31 words
      • 56 10 A NUMBER of mortgage brokers have received word from two banks to stop offering home loans pegged to Swap Offer Rates, BT has learnt. Another bank, too, has introduced a new clause into offer letters setting a floor for the
        56 words
      • 67 10 FOUR Singaporeans all with the surname Tan were given the green light on Thursday to contest the presidential election on Aug 27. They are former NTUC Income chief executive Tan Kin Lian, 63; former Ayer Rajah member of parliament Tan Cheng Bock,
        67 words
    • 82 10 USDATA August 16 July housing starts July building permits July export/import prices July industrial production August 17 July PPI August 18 July CPI July existing home sales SINGAPORE DATA August 15 June retail sales and food beverage services indices August 17 July merchandise trade August
      82 words
  • Page 10 Miscellaneous
    • 331 10 CRYPTIC CROSSWORD Across 1 Correspondence, result of an accident? (11) 9 Lost again maybe, and longing to get home (9) 10 He splits a couple of poles made of wood (5) 11 Clever people are quick on it (6) 12 Marriage or adoption (8) 13 Carry on with one’s CV,
      331 words
    • 13 10 SATURDAY with Ludwig ‘Now, my mom won’t expect me to become an Einstein.’
      13 words

  • COMPANIES
    • 709 11  -  Results beat analysts’ estimates but lender warns of current market turmoil By Conrad Tan conradt@sph.com.sg Singapore UNITED Overseas Bank’s net profit rose 5.6 per cent to $636 million in the second quarter from a year earlier, beating analysts’ estimates. But it warned
      FILE PHOTO  -  709 words
    • 429 11  -  Group warns of full-year loss unless adverse conditions improve By Lynn Kan lynnkan@sph.com.sg Singapore NEPTUNE Orient Lines (NOL), which had a first-quarter loss, sank further into the red in the second quarter. The container liner yesterday posted Q2 net losses of US$57 million, largely
      429 words
    • 301 11  -  By Angela Tan angelat@sph.com.sg Singapore HELPED by exceptional gains, Fraser and Neave (F&N) saw a 42.9 per cent rise in net profit to $186.7 million for the third quarter ended June 30. The earnings included exceptional gains of $42.7 million, against exceptional losses
      301 words
    • 888 12  -  Special interim dividend of 5 cents per share to be given to shareholders By Kalpana Rashiwala kalpana@sph.com.sg Singapore CITY Developments is rewarding shareholders with a 5-cent per share special interim dividend, after posting a 17 per cent year-on-year increase in Q2
      888 words
    • 376 12  -  The group declares an interim dividend of 2.7¢ per share By Nisha Ramchandani nishar@sph.com.sg Singapore COMFORTDELGRO Corporation posted a 3 per cent rise year on year in net profit to about $60 million for the second quarter ended June 30, while revenue
      376 words
    • 352 12  -  By Mindy Tan tanmindy@sph.com.sg Singapore WAREHOUSE provider Global Logistic Properties (GLP) recorded an 80.1 per cent drop in first-quarter net profit to US$97.3 million from a year ago when net profit was US$488 million, helped by a US$441.8 million fair value
      352 words
    • 775 13  -  Strong growth in its non-gaming segment By Grace Leong gleong@sph.com.sg Singapore LOW win percentages in its VIP business segment dragged on the profitability of Genting Singapore in the second quarter, with recession fears keeping its short-term outlook cautious. Signalling that RWS has lost VIP
      AFP FILE PHOTO  -  775 words
    • 372 13  -  S’pore continues to lead revenue contribution By Mindy Tan tanmindy@sph.com.sg Singapore BREADTALK Group reported an 18.9 per cent increase in net profit to $2.8 million for the second quarter ended June 30, and a 29.5 per cent increase for H***** to $4 million.
      372 words
    • 732 14  -  Net profit rises to US$393m on higher crude palm oil prices, better output yields Reports by Felda Chay feldac@sph.com.sg Singapore PALM oil giant Wilmar International has emerged from four consecutive quarters of falling profits with a 14.1 per cent year-on-year
      732 words
    • Business briefing
      • 56 14 THE Straits Trading Group posted net profit of $49.3 million for Q2 2011, up sharply from $15.1 million a year ago. The strong results were mainly due to improved operating performance, higher tin prices and fair value gains in investment properties. Revenue was
        56 words
      • 71 14 HIGH-END property developer SC Global Investments reported an 88 per cent surge in second quarter net profit to $46.29 million from $24.63 million a year ago. Revenue grew 13 per cent to $261.79 from $232.63 million. The higher revenue was due to
        71 words
      • 90 14 METRO Holdings said its net profit for the first quarter ended June 30,2011, slid 56.31 per cent to $3.03 million from $6.93 million a year earlier. Revenue for the period grew 8.7 per cent to $42.60 million on higher turnover from its property and retail
        90 words
      • 68 14 PETRA Foods saw its net profit for the second quarter of 2011 rise 54.3 per cent to US$14.81 million from a year ago. Sales was up 15.8 per cent at US$432.29 million. The better performance was due to the higher sales achieved by
        68 words
      • 45 14 TAT Hong Holdings saw its net profit in its first quarter ended June 2011 fall 47 per cent to $5.47 million. Revenue rose 6 per cent to $5.47 million. It said gross profit margin for the quarter remained robust.
        45 words
      • 40 14 ORCHARD Parade Holdings said that its net profit for the second quarter of 2011 rose 55.5 per cent from a year ago to $31.80 million. Sales was up 42.1 per cent at $70.61 million.
        40 words
      • 40 14 SWIBER Holdings posted a 21.7 per fall in net profit attributable to shareholders to US$17.1 million for the first half of 2011. Revenue climbed 73.1 per cent to US$331.2 million over the same period.
        40 words
      • 47 14 MIDAS Holdings reported a 15.3 per cent jump in its second quarter net profit to 63 million yuan (S$12 million). Revenue also climbed 33.9 per cent year on year to 313.9 million yuan for the quarter ending June 30.
        47 words
    • 396 14 It sees festival demand supporting palm oil prices in Q3 HIGHER sales volumes and selling prices have helped palm plantation company Indofood Agri Resources to net a 31 per cent jump in second-quarter earnings from a year ago. Net profit
      396 words
    • 354 15  -  By Felda Chay feldac@sph.com.sg Singapore PALM oil refiner Mewah International posted a 63.4 per cent year-on-year drop in net profit for its second quarter to US$6 million, as lower selling prices for its products pulled down operating margins. The drop comes even
      354 words
    • 385 15  -  The group warns of a challenging and potentially unprofitable Q3 By Nisha Ramchandani nishar@sph.com.sg Singapore BANYAN Tree Holdings posted a net loss of $7 million for the second quarter ended 30 June, narrowing from a loss of $8.86 million in the previous
      385 words
    • 490 15 At a glance 3 months ended June 2011 6 months ended June 2011 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG UOB 1248.00 1302.00 -4.1 2860.00 2768.00 3.3 636.00 602.00 5.6 1437.00 1266.00
      490 words


  • Page 13 Advertisements
    • 110 13 |!)'[@^^@~~!??]`>_`[-<^^:=+_{!. NOTICE The Board of Directors of BH Global Marine Ltd wishes to announce that Mr Jonathan Wong Teck Fatt NRIC SXXXX538C is no longer the Regional Marketing Manager of BH Global Marine Limited and Group of Subsidiaries with effect from 8/8/2011. His area of responsibility in Marketing and Business
      110 words



  • FROM THE DESK OF
    • 830 16  -  Looking ahead, Singapore’s public sector will be Best-run, Responsive, Innovative, Transparent and Efficient from the desk of Tim Moylan President SAP South East Asia WE live in a time when people’s lifestyles and the way they do business are changing. People today work, seek services, transact, study,
      830 words

  • SINGAPORE
    • 304 17  -  More than 40 organisations from private, public sectors lauded as employers of choice at Annual Singapore HR Awards By Dickson Li dicksonl@sph.com.sg SINGAPORE Press Holdings (SPH) bagged seven awards for excellence in human resource (HR) practices at the annual Singapore HR
      304 words
    • 320 17  -  Fully funded by sponsoring companies, the number has grown from just 3 in 2007 By Joyce Hooi joyceh@sph.com.sg THE maritime industry is making headway in getting fresh blood to take on the high seas, with a record number of MaritimeONE scholarships being
      320 words
    • Briefing
      • 124 17 THE Immigration Checkpoints Authority yesterday reminded Singaporean travellers to ensure that their passports have at least six months’ validity from the day they plan to leave Singapore. They encouraged travellers to apply early to avoid a last-minute rush during the school holidays. Singaporeans can
        124 words
      • 71 17 RESEARCHERS from the Institute of Bioengineering and Nanotechnology have shown that human embryonic stem cells can be transformed into heart cells using a “decellularised” heart as a scaffold. This means that researchers are now a step closer to growing a new replacement heart from
        71 words
    • 350 18  -  Fund is to support efforts to ensure that there is enough rice to meet future demands of Singapore and the region By Dickson Li dicksonl@sph.com.sg THE Singapore National Research Foundation (NRF) is investing up to $10 million over five years
      350 words
    • 234 18  -  By Teo Si Jia teosj@sph.com.sg DEMAND for cosmetic contact lenses is burgeoning in Singapore. According to market research company GfK Singapore, the local contact lens industry was valued at S$34.7 million in the first six months of the year. Of the 11 million pieces of
      234 words
    • 315 18  -  B y Stephanie Riady sriady@sph.com.sg WORKERS in the waste management industry are getting a leg up in the form of a Workforce Development Agency (WDA) $5 million training kitty earmarked to help them upgrade their skills. The Memorandum of Understanding outlining
      315 words
  • Page 17 Advertisements
    • 275 17 HOW CAN YOU PREVENT SUDDEN DEATH? Sudden death is usually due to an underlying heart condition. High Risk Factors includes: n Diabetes, High Blood Pressure, High Cholesterol, Strong Family History or Smokers. Those who participate in vigorous physical exercise like marathons are also at increased risk if there is an
      275 words

  • Page 18 Advertisements
    • 48 18 Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! ResortsWorldSentosaishiringa Project Manager Siemenshaspositionsopenfor Senior Field Service Engineers VentureCorporationLimitedhas vacanciesin Research Development ChangiAirportGroupisrecruitinga SeniorManager,AirportOperations NationalUniversityHealthSystem islookingfor Nursing Professionals Check out many more positions available in the Careers in Engineering feature
      48 words
    • 21 18 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words

  • WORLD
    • 425 19 They are holding onto their positions in the belief that the sector is cheap and can ride out the current storm, say prime brokers Reuters London HEDGE funds are not behind recent falls in French bank stocks, say prime brokers, and have
      Reuters  -  425 words
    • 453 19 latest us data| Reuters Washington US CONSUMER sentiment worsened sharply in early August, falling to the lowest index level since 1980, even though retail sales posted their biggest gains in three months in July, reports yesterday showed. The Thomson Reuters/University of Michigan’s
      Reuters; PHOTO: BLOOMBERG  -  453 words
    • 405 19 But market instability will not help its efforts to seek buyers for state-owned assets Bloomberg Reuters Lisbon PORTUGAL today received backing for the next tranche of its bailout funds from the European Union (EU) and International Monetary Fund, but what could be
      Bloomberg; Reuters  -  405 words
    • 558 20 Above-forecast jump seen spurring central bank to keep hiking interest rates despite worries about global downturn Reuters New Delhi INDIA’s industrial output growth jumped in June above forecasts, indicating that the central bank will continue to raise interest ratesto battlestubbornly highinflation despite fears
      Reuters  -  558 words
    • 458 20 Report says call back will affect a quarter of services on the new line AFP Shanghai A STATE-OWNED Chinese train manufacturer said yesterday that it is recalling 54 bullet trains being used on a new high-speed rail link between Beijing
      AFP; XINHUA  -  458 words
    • 614 21 Stronger currency lets China import more from US, Europe Bloomberg Beijing THE yuan’s strongest gain in more than three years may herald a new stimulus for a flagging global recovery as Chinese importers get more firepower to buy up goods from slowing economies in
      Bloomberg; BLOOMBERG  -  614 words
    • 481 21 Central bank says the move is pending the issue of new bank ownership rules Reuters Jakarta INDONESIA’s central bank said on Friday that foreign banks won’t be allowed to buy local lenders until it issues new bank regulations, in an environment
      Reuters  -  481 words
    • 584 22 Fervent fans of the precious metal and analysts predict that prices may go even higher amid financial woes Reuters London GOLD, and only gold, will be our salvation when the value of companies, banks, countries and even money itself melts away. Gold,
      Reuters  -  584 words
    • 510 22 AP Washington THE financially strapped US Postal Service is considering cutting as many as 120,000 jobs. Facing a second year of losses totalling US$8 billion or more, the agency also wants to pull its workers out of the retirement and health benefits plans
      AP; AFP  -  510 words

  • Page 20 Advertisements
    • 77 20 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE INSURANCE FIRMS ARE ONTOYO I 9 A PEUGEOT 508 CITROEN VOLVO S60 1 t wo NEW BENTLEY CONl^^LGT EXTREME LUXUi DRIVES > VOLKSWAGEN JETTA > HYUNDAI ELANTRA> MASERATI GRANTURI5M0 MC STRADALE > PORSCHE CAYMAN R > AUDI Al I858HP > UPDATED LEXUS IS F >
      77 words


  • Page 22 Advertisements
    • 36 22 paramore LIVE IN SINGAPORE 201 1 r 21 August 2011 at 8pm SINGAPORE INDOOR STADIUM EXCLUSIVE TICKETS 0N91.3FM TUNE IN TO 91.3FM OR LOG ONTO WWW.RADI0913.COM FOR MORE DETAILS OFFICIAL RADIO STATION Midas Promotions |www. midaspromotions.com
      36 words




  • SGX
    • 10169 26 Transaction date: Aug 12 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 $mil 21 13.2 8Telecom 13.8 -1 5 13.8 13.8 13.5 15 7.8 4.4 2.9 66.1 11.5 4.5 A-Sonic 5.7 +0.1 1 5.7
      10,169 words
    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 3 0 0 0 0 12 3 0 Manufacturing 95 43 30 7 6 10 102 49 40 Commerce 33 21 12 6 6 2 39 27 14 Tpt/Stor/Comms 28 9 9
      186 words
    • 830 26 For week beginning Aug 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) 800 Super Hldgs Ltd 11-Aug-11 Venstar Investments Buy 1000 na ***** 5.67 ***** 6.23 Sun East Grp
      830 words
    • 122 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 44,050 44,050 146,173 146,173 Manufacturing 270,158 29,386 299,544 285,041 619 285,660 Commerce 148,649 15,189 163,838 207,504 1,363 208,868 Tpt/Stor/Comms 235,975 1,924 237,899 361,198 229 361,427 Finance 27,377 216 27,593 258,362 44 258,406 Construction 41,336 25,430
      122 words
    • 75 27 Aug 11 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 106.58 2.60 WTI (Near Mth) 85.71 3.52 Dubai (1-Mth F) 101.72 0.53 Tapis blend 111.37 0.61 Minas 107.37 0.61 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.67 2.17 Jet Kerosene 122.30 2.20 US$/barrel Opec Oil Basket Price
      75 words
    • 118 27 Aug 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.292 1.219 Can dollar 1.251 1.203 Euro 1.752 1.685 Sterling pound 2.003 1.926 NZ dollar 1.031 0.982 US dollar 1.229 1.182 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      92 27 YTD change:-10.64% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,720.21 on Aug 11,2011 Source: Bloomberg YTD change:-14.83% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,868.10 on Aug 9,2011 Source: Bloomberg Bloomberg YTD change: -3.75% 52-week high: 12,876.00 on May 2, 2011 52-week low: 9,936.62 on Aug
      Source: Bloomberg  -  92 words
    • 75 27 As on 11 Aug 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Oct-11 1797.3 1749.1 1754.6 1783 Silver Cash Sep-11 39.06 39.025 39.035 39.34 CURRENCY Euro-US Dollar Sep-11 1.4233 1.4233 1.4233
      75 words
    • 66 27 Aug 12 GOLD (US$/oz) Aug 12 Aug 11 Hong Kong 1762.*****2.50 Aug 11 Aug 10 London 1753.*****7.30 1755.*****8.30 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 47.36 46.96 Source: UOB PLATINUM Lon (US$/oz) Aug 11 Close Previous PM Fix 1781.*****4.00 AM Fix 1754.*****7.00 Source: Thomson Reuters PLATINUM NYMEX
      66 words
    • 79 27 Aug 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 10.11.2011 0.13 1-Year BY*****X 02.05.2012 0.15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.97 5-Year N*****0W 1.125 01.04.2016 102.89 103.05 103.05 10-Year NX*****X
      79 words
    • 154 27 Aug 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2461 1.2471 1.0270 1.0275 Canadian dollar 1.2264 1.2273 1.0108 1.0112 Euro 1.7228 1.7236 1.4199 1.4201 NZ dollar 0.9962 0.9968 0.8211 0.8213 Sterling pound 1.9641 1.9651 1.6188 1.6191
      154 words
    • 82 27 Aug 11 COCOA (£/tonne) Close Prev High/Low Sep 11 1834 1841 1844/1825 Dec 11 1847 unch 1854/1837 Mar 12 1868 1870 1875/1858 May 12 1881 unch 1886/1872 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2190 2133 2225/2137 Nov 11 2220 2159 2250/2163 Jan 12 2237 2178 2258/2180 Mar 12
      82 words
    • 65 27 Aug 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3100 3100 3103 3100 341 2005 Sep 11 3084 3062 3088 3061 2696 ***** Oct 11 3020 3015 3025 2999 9934 ***** Nov 11 2996 2983
      65 words
    • 93 27 Aug 11 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 11 1333.*****0.*****0.*****2.25 Sep 11 1324.*****5.*****9.*****0.25 Nov 11 1331.*****1.*****5.*****5.25 Jan 12 1342.*****2.*****4.*****7.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Aug 11 54.03 53.03 54.03 53.42 Sep 11 54.10 53.13 54.87 53.03 Oct 11 54.27 53.31 55.06
      93 words
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 11 Index Change Change Change Change Change Change World Index Preliminary 788.5 2.2 -12.2 1.6 -14.7 2.1 -9.8 ‡EAFE Preliminary 668.1 1.8 -16.6 1.2 -16.3 1.7 -11.5 Europe Preliminary 962.9 3.3
      374 words
    • 71 27 Aug 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2379.80 2363.50 3 months 2413.00 2396.00 Copper, Grade A (US$/tonne) Cash 8859.50 8573.00 3 months 8881.00 8595.00 Lead (US$/tonne) Cash 2383.75 2266.00 3 months 2385.00 2275.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words


  • PERSPECTIVE
    • 1412 28 / 29  -  Policymaking in Washington has indeed become ‘less stable, less effective and less predictable’ given how the Tea Partiers are open to a US govt debt default Leon Hadar Washington correspondent btworld@sph.com.sg IMAGINE if Standard Poor’s had not issued a downgrade on US government debt
      REUTERS  -  1,412 words
    • 784 28 / 29  -  By Robert Cyran REUTERS BREAKINGVIEWS A BATTLE royale has recalibrated the market for smartphone DNA. With Apple, Google and Microsoft duking it out for control of the mobile market, each needs or desires more and better patents for supremacy. Without them, their devices are
      REUTERS  -  784 words

  • Wealth
    • WEALTH INVESTING
      • 1082 30 / 31  -  Strategists are not calling an outright buy, as there is widespread uncertainty over whether global growth will dip significantly. By Genevieve Cua By Genevieve Cua gen@sph.com.sg THE sell-downs of the last few days have brought markets to very attractive levels, say strategists, but few if any
        REUTERS  -  1,082 words
      • BROKERS' TAKE
        • 266 30 / 31 Buy Kim Eng Research Aug 12 Close: $1.12 YANGZIJIANG Shipbuilding (YZJ) posted a 20.4 per cent y-o-y increase in Q2 FY11 net earnings to 963.9 million yuan, broadly in line with its profit guidance. The rise, however, was boosted by forex gain and interest fees from held-to-maturity
          266 words
        • 183 30 / 31 Buy DBS Group Research Aug 12 Close: $1.52 NOBLE reported 2Q11 earnings of US$139.8m (up 63 per centy-o-y, down 31percentq-o-q)–inline withexpectations on annualised basis. Q2 FY11 revenues rose 53 per cent y-o-y (down 2 per cent q-o-q), on the back of strong contributions from Agriculture and Energy
          183 words
        • 309 30 / 31  -  Compiled by Lynn Kan Buy OCBC Investment Research Aug 12 Close: $0.64 GOLDEN Agri-Resources (GAR) put out another strong set of results, as Q2 FY11 revenue surged 120.4 per cent y-o-y (up 9.4 per cent q-o-q) to US$1,600.5 million, 10 per cent above our forecast. But gross margin
          309 words
      • 1015 32 Funds of hedge funds have adopted new strategies following the financial crisis and massive fraud in the industry NYT New York FUNDS of hedge funds are changing their ways. For decades, the money managers, which invest across a number of hedge funds, lured big
        NYT; FILE PHOTO  -  1,015 words
      • 1678 33  -  show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent day. The writer is a CFA charterholder A FEW weeks back, I tried to introduce two of my friends for a potential collaboration. One of them is Tan Teng Boo, founder of independent fund manager
        REUTERS  -  1,678 words
    • WEALTH REAL ESTATE





  • Page 36 Advertisements
    • 26 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
      26 words

  • Page 1 Advertisements
    • 54 1 LivingTHEBUSINESSTIMESWEEKEND|AUGUST13-*****1BTTHE BUSINESS TIMES WEEKEND AUGUST 13-14 2011 COFFEE REVOLUTION Rise of the Third Wave SMITTEN COFFEE AND TEA BAR PHOTO: JOHN HENG STYLE Not a matter of price L5 GADGETS Keyboard maestro L14 TRAVEL On a natural high L10-11 BEAUTY Coiffure club L6-7 MOTORING Ghost EWB: Roomy ride L18 WATCHES
      54 words

  • BT Living
    • DINING
      • 2482 2/3  -  After kopitiams and international chains, speciality brews, or the Third Wave in the coffee movement, look set to continue.By Geoffrey continue.By Geoffrey Eu btnews@sph.com.sg SOMETHING special is brewing in the world of gourmet coffee, and although it may take a while longer before connoisseurs here sip from the
        SMITTEN PHOTOS: JOHN HENG; JEWEL COFFEE PHOTOS: YEN MENG JIIN; JIMMY MONKEY PHOTOS: DARREN SOH; SOHO COFFEE PHOTOS: YEN MENG JIIN  -  2,482 words
    • STYLE
      • 1004 5  -  H&M’s growth strategy in recent years has involved expansion into Asia and a string of designer collaborations. By Melissa Lwee-Ramsay By Melissa Lwee-Ramsay mellwee@sph.com.sg Stockholm IN the basement of H M Hennes Mauritz AB’s (H&M) chic head office in the heart of Stockholm, there is
        1,004 words
    • BEAUTY
      • Article, Illustration
        1550 6 / 7  -  Foreign talent may be a hot-button issue these days but it is a boon when it comes to stylists who tend to women’s precious tresses, according to three of Singapore’s top hair salons. By Corinne Kerk By Corinne Kerk btnews@sph.com.sg Salon B Nassim Road, #02-03 Z 6836-5855 SHE’S
        PHOTOS OF SALON B AND ALISON KERLIN: ARTHUR LEE  -  1,550 words
    • READERS' PROMOTION
      • 1352 8 / 9  -  With Clarke Quay’s $15 Nett Set Lunch deals, you don’t have to wait till dusk to have a good time. Choose from over 15 outlets a plethora of flavours ranging from Mexican to Balinese to Moroccan. Indulge in three or four-course international set lunches and you’ll be looking
        1,352 words
    • TRAVEL
      • 1374 10 / 11  -  Despite China’s frenetic pursuit of progress, a piece of paradise called Shangri-la can still be found high in the mountains of Yunnan province. By Jaime Ee province.By Jaime Ee jaime@sph.com.sg ‘WHEN I first came, this was not here,’ says Richard Neo, waving a hand dramatically across
        1,374 words
      • 673 12  -  Yunnan’s Lijiang trumpets its ethnic minority roots with all the theatrics of a big-budget historical drama. By Jaime Ee drama.By Jaime Ee jaime@sph.com.sg IF Shangri-la offers a contemplative tranquillity and a rare peek into exotic Tibetan culture, Lijiang and its surroundings must be its loudmouthed neighbour trumpeting its
        673 words
    • WATCHES
      • 201 13  -  By Chuang Peck Ming peckming@sph.com.sg THIS automatic watch can go as deep as 3,000 metres, rare even for a timepiece built for divers. And to ensure it reaches that depth, its creator chronograph specialist Breitling has employed numerical simulations to forge a perfect geometry for the
        201 words
      • Article, Illustration
        479 13  -  Local watch lovers are in for a treat with exhibitions featuring exquisite and unique timepieces lined up in the coming months. By Dylan Tan dylantan@sph.com.sg A PREVIEW of 40 one-of-a-kind watches that will go under the hammer at the Only Watch Charity Auction 2011 in Monaco will
        479 words
    • GADGETS
      • 663 14  -  Keyboardmaestro Fine-tuned computerkeyboards computerkeyboards flaunt a slew of features that are music to your ears: solar panels that do away with batteries and curved designs that help stave off repetitive strain injury. By Christopher Lim limchris@sph.com.sg Logitech Wireless Touch Keyboard K400, $59 Home Theatre PCs that hook up
        663 words
    • HEALTH
      • 950 15  -  Apps dedicated to guided meditation and sleep enhancement exist on all major mobile platforms. By Bob Tedeschi NYT UNLESS you’re listening to Dark Side of the Moon on your smartphone, it’s hard to see them as devices for relaxation. More often, they’re for aggressive thumb-tapping, An-gry-Birding
        NYT; REUTERS  -  950 words
    • SPORT
      • 656 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor THE swashbuckling manner in which Manchester United overturned a two-goal half-time deficit to stun bitter rivals Manchester City 3-2 in last Sunday’s Community Shield match proved that they are still the team to beat.
        AFP  -  656 words
      • 710 16  -  tee off with colette wong colette wong WHEN it comes to recent majors, some astonishing statistics stand out. For example: The last 12 majors have produced 12 different winners. And for nine of the last 10 champions, the major victory was the
        710 words
    • GOLF
      • 496 17 He deems the new layout at Atlanta Athletic Club good a fair test for the pros, but not the hobbyists NYT AS A teenager, Phil Mickelson nurtured his golf game on the public Torrey Pines South course in San Diego, and he considered
        NYT; REUTERS  -  496 words
      • 431 17 NYT RYO Ishikawa made quite a splash on Thursday at the PGA Championship. In fact, he made a half-dozen of them. Ishikawa, a 19-year-old from Japan, took to the seemingly ubiquitous water at Atlanta Athletic Club like a duck and left
        NYT; REUTERS  -  431 words
    • MOTORING
      • Article, Illustration
        724 18  -  The luxurious Ghost EWB or extended wheelbase is the newest addition to Rolls Royce. By Samuel Ee samuelee@sph.com.sg THE extra long rear coach door swings open and a fluffy lambswool footmat invites you to step effortlessly into one of two soft leather individual seats with an “occasional” third
        724 words
      • Article, Illustration
        754 19  -  A chartered accountant, Mr Fiorentinos, managing director of BMW Group Asia is hardly your stereotypical number cruncher. By Samuel driving style By Samuel Ee samuelee@sph.com.sg AS managing director of BMW Group Asia, Neil Fiorentinos has a chauffeur for his long wheelbase 7 Series limousine. But chances are, the
        ARTHUR LEE  -  754 words
      • 686 20  -  The Range Rover can traverse rough terrain while cosseting its occupants in a fine cabin. By Samuel Ee samuelee@sph.com.sg WHEN it comes to a luxury off-roader, there are literally only a couple of genuine contenders and one of them is the Range Rover. An upscale version of the
        686 words

  • Page 4 Advertisements
    • 934 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 a
      934 words


  • Page 6 / 7 Advertisements