The Business Times, 27 August 2011

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Microfilm: NL31592
Total Pages: 47
1 20 The Business Times
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  • TOP STORIES
    • Article, Illustration
      Lock icon One last shot before D-Day today
      851 2  -  The 4 presidential candidates cite their strengths in bid for Singaporeans’ votes By Lee U-Wen leeuwen@sph.com.sg Singapore FOR the second time in eight days, the four presidential candidates were last night given air time on national television and radio to address the 2.27 million
      851 words
    • Article
      Lock icon MARKETS
      140 2 H STI 2,748.18 (-17.56) H STI FUTURES 2,748 (-18) H SIMSCI 315.74 (-1.33) H SIMSCI FUTURES 315.50 (-1.20) STOCKS Friday Change KL COMP 1,444.81 -19.93 NIKKEI 225 8,797.78 +25.42 HANG SENG 19,582.88 -169.60 SET 1,037.22 +12.22 JAKARTA 3,841.73 -2.65 MANILA 4,305.56 -37.13 KOSPI 1,778.95 +14.37 SHENZHEN B 666.38 -9.02
      140 words
    • Article, Illustration
      Lock icon Allow Japan PMs longer terms in office, urges Kan
      565 4  -  Frequent change of leadership unsettling for other nations, says outgoing leader By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE prime ministers should be allowed to serve longer terms in office, outgoing leader Naoto Kan declared last night hours after he announced his resignation.
      BLOOMBERG  -  565 words
    • Article
      Lock icon Asia unfazed by US rating cut – for now
      613 5  - Asia unfazed by US rating cut for now S&P says longer-term impact is from slower global growth, among others By Lynette Khoo lynkhoo@sph.com.sg Singapore CREDITratingagencyStandardandPoor’sreiteratedyesterday that its historic downgrade of the United States’ credit rating would have no immediate impact on Asian sovereign ratings. But the agency, which incurred wrath
      613 words
    • Article
      Lock icon SMEs get more support for technology innovation
      700 6  -  Government increases funding for TIP by $100m to $320m By Chen Huifen xuifen@sph.com.sg Singapore SMALL and medium-sized enterprises (SMEs) here can look forward to greater support in their technology innovation efforts over the next five years, with a new injection of funds and
      700 words
    • Article, Illustration
      Lock icon No disruption to research in S’pore: A*Star
      751 6  -  5-20% talent turnover rate is comfortable, says agency chairman By Chen Huifen xuifen@sph.com.sg Singapore THE handful of star scientists departing from research institutes here will be much missed, but A*Star chairman Lim Chuan Poh said that he is not concerned that this would
      JOYCE FANG/THE STRAITS TIMES  -  751 words
    • Article
      Lock icon S’pore industrial output in July up 7.4%
      535 7  -  Surge in biomedical offsets deep contraction in electronics from dwindling global demand Reports by Teh Shi Ning tshining@sph.com.sg Singapore SINGAPORE’S industrial output grew 7.4 per cent in July from a year earlier, slowing from a revised 10.7 per cent jump in June. But
      535 words
    • Article
      Lock icon Q2 receipts of services sector up 6.6%
      361 7 SINGAPORE’S services sector raked in 6.6 per cent more in second quarter sales than it did a year ago, but its pace of growth has slowed from a revised 8.7 per cent in Q1. Financial and insurance services led the way with a
      361 words
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      Lock icon Page 2 Advertisements Column 1
      65 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From The Desk Of 15 Singapore 16,17 World 18-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-29 SmartMoney 30-31 Web investing 32 Househunt 34 Real Estate 35 LIVING Dining L2-5 Destination Dining L6-7 Shopping L8 Design L9
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      116 3 CORUM LA CHAUX-DE-FONDS SUISSE k\ 1 f v y i A > t. ft J £2 'V t; v V S\.\\V* ilyl \v iw V ADMIRAL'S CUP SEAFENDER Diver's chronograph, grade 5 titanium case water-resistant to 300 meters. CORUM automatic movement chronometercertified (COSC). CORTINA WATCH ESPACE Millenia Walk Tel: 6339
      116 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      48 5 L CK i che+>»ER5 D E L I "I asures l^idfcAutumn lajK i m 4» br r f Featuring signature cheese mooncakes including Caramel VSOP, Dark Chocolate, and Cookies 'n' Cream. Early bird specials up to 15% discount (until 31 Aug) Tel: 6730 3392 r v Hilton Singapore
      48 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      239 7 8^130B 30% IS Customers who celebrate their Birthday parties with I us at Hyangtogol will receive complimentary I wine, cakes and fruits. I \*t: is mmss ft OSS £13 KOREAN RESTAURANT HYANGTOGOL KOREAN RESTAURANT 165 Tanjong Pagar Road, Level 2 Amara *****9 6220 7160 d www.sgmsc.com NEWGENERATION CARDIACMRI IMAGINGTECHNOLOGY Centre
      239 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Dreaming big
      2062 8/9  -  Economic Development Board’s Leo Yip sees Asia as the big story and shares his insight on how Singapore is harnessing the region’s growth with winning strategies.By Anna Teo strategies.By Anna Teo anna@sph.com.sg OFFICIALLY, Leo Yip is chairman of Singapore’s premier Economic Development Board (EDB), but he could as
      ARTHUR LEE  -  2,062 words
    • Article
      Lock icon Thinking on his feet
      501 8/9 THINKING and dreaming about the future is integral to what EDB leaders do. LeoYipdoeshisoutsidetheoffice,onhisfeet.“I’mveryconsciousthatfromsensing to sense-making, it’s very important for us to find time to think about our strategic moves, and be very clear in our minds how we want to also push our personal thinking
      501 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK August 22-26, 2011
      • Article
        Lock icon Some sectors hope for easier employment pass rules
        64 10 CONSTRUCTION and logistics firms, restaurants and retailers all hit by successive rounds of measures aimed at tightening the flow of foreign workers into Singapore are hoping policymakers can make allowances for industry realities. Giving companies time to adjust makes little difference if
        64 words
      • Article, Illustration
        Lock icon PM: Singapore too small for political paralysis
        98 10 SINGAPORE is too small to afford political paralysis, Prime Minister Lee Hsien Loong warned yesterday. “We are too small to be able to afford impasse and gridlock, to have two sides blocking one another so you can’t move, you can’t solve problems, you
        THE STRAITS TIMES  -  98 words
      • Article
        Lock icon More units cranked out as home sizes shrink
        46 10 A STUDY by Savills Singapore has put some hard numbers to the big lure of small apartments. Developers have been squeezing out more units on sites bought at state land tenders in recent years than was initially estimated.
        46 words
      • Article
        Lock icon Shipping stocks get that sinking feeling
        40 10 ALMOST three years after the economy hit rock-bottom in late-2008, shipping and offshore stocks are bearing the brunt of the panic and are now right back where they were during the worst of times.
        40 words
      • Article
        Lock icon Investors take to the water in Singapore
        70 10 WATER companies and investors have been taking the plunge in Singapore lately, snapping up water treatment companies based or listed here. Notable among recent deals was the one on Aug 1, when S-chip United Envirotech Technology got a $137 million investment from private
        70 words
      • Article
        Lock icon Gold bugs hit the skids after price surge
        49 10 BULLISH investors continued to pile into gold early on Tuesday, pushing it to an unprecedented high above US$1,900 an ounce before prices pulled back. Some analysts expect the retreat to be temporary and think the metal could next be testing US$2,000.
        49 words
      • Article
        Lock icon Petrochem hub to get a grip on pipes
        65 10 IT’S in the pipeline or, in this case, a move by Singapore to optimise use of the thousands of kilometres of pipelines on petrochemical hub Jurong Island. The government is studying a “product grid system”, including potential private or private-public ownership and
        65 words
      • Article
        Lock icon Moody's cuts Japan govt debt rating
        53 10 JAPAN’sincreasinglyprecarious fiscal position was underlined on Wednesday as Moody’s an- nounced that it is downgrading its rating of the country’s government debt by a further notch. Still, the move, which puts Moody’s rating in line with that of rival agency Standard Poor’s, attracted little
        53 words
      • Article
        Lock icon Market hopes to sail north on QE III
        77 10 IF a third round of quantitative easing (QE III) plays out in the US, it could trigger a short price rally in the Singapore market, especially in blue chips that have been sold down heavily, say analysts. Many investors have their eyes
        77 words
      • Article
        Lock icon Candidates wrap up campaign with candid reflections
        63 10 THERE was plenty of finger-point-ing on the ninth and final day of campaigning as the four presidential candidates made a last-ditch effort to convince voters before Polling Day today. The quartet fanned out across the island from morning till night to meet more
        63 words
      • Article
        Lock icon Jobs resigns as Apple CEO, shares dive 5%
        41 10 APPLE Inc chief executive Steve Jobs, who transformed the company he started at age 21 from a per-sonal-computer also-ran into the world’s largest technology company, has resigned, sending the tech giant’s shares down.
        41 words
    • Article
      Lock icon NEXT WEEK Aug 29-Sept 2
      100 10 US DATA Aug 29 July personal spending July personal income June pending home sales Aug 30 June Case-Shiller 20-city Index SINGAPORE DATA Aug 29 July producer and int’l trade price indices EVENTS Aug 29 Eurogroup president Jean-Claude Juncker, Minister of Finance of Poland Jacek Rostowski
      100 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      330 10 CRYPTIC CROSSWORD Across 1 He makes routine arrangements for performers (13) 10 Figures in the Old Testament (7) 11 See the bishop’s concern (7) 12 Big lake back in Southern Ireland (4) 13 Opening joke (5) 14 Old students’ burden of debt? (4) 17 Recreation for Father’s Day (7) 18
      330 words
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  • COMPANIES
    • Article, Illustration
      Lock icon SGX laments firms’ disclosure shortcomings
      594 11  -  Chairman, CEO say that the exchange will energetically seek to correct any deviation By Jamie Lee leejamie@sph.com.sg Singapore IN a reminder to companies of their responsibility to stakeholders, the Singapore Exchange (SGX) has voiced concern that some of them have failed to meet disclosure expectations.
      FILE PHOTO  -  594 words
    • Article
      Lock icon Scheme nod brings Avic S’pore closer to listing
      411 11  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore SHAREHOLDERS and creditors of embattled Sino-Environment have cleared the way for China state-owned enterprise Avic Group to list its ship trading arm on the mainboard. At separate closed-door meetings yesterday, a requisite majority of creditors and shareholders
      411 words
    • Article
      Lock icon Bumper year for Second Chance
      610 12  -  By Ven Sreenivasan ven@sph.com.sg Singapore SECOND Chance Properties yesterday unveiled record full year earnings and proposed a dividend payout amounting to a yield of over 8 per cent. The company, whose income is largely from rentals of some 70 retail properties in various shopping centres
      610 words
    • Article
      Lock icon Fair-value rules affect hedging behaviour: study
      512 12  -  Earnings swings deter accountants from hedging amid price volatility Reports by Jamie Lee leejamie@sph.com.sg Singapore THE decision to reduce risks via hedging at a time of high volatility seems like a no-brainer. But research from Nanyang Business School suggests that when prices go wild,
      512 words
    • Article
      Lock icon Vital for CFOs to be hands-on: SGX
      401 12 SINGAPORE Exchange’s chief regulatory officer Yeo Lian Sim yesterday urged chief financial officers (CFOs) to be hands-on in their management of the companies’ finances, especially when the business is based overseas. “For a listed company in Singapore whose principal operations are elsewhere in
      401 words
    • Article, Illustration
      Lock icon STI retreats along with HK, European counterparts
      540 13  -  stocks Joyce Hooi Reporter AS SIGNS of a disappointing outcome from the appropriately named Jackson Hole meeting emerged this week, hopes of the economy being boosted by a third round of quantitative easing began circling the drain. In the face of the impending
      540 words
    • Business briefing
      • Article
        Lock icon San Teh divests China cement interest, plans special dividend
        91 13 SAN Teh is divesting its China cement interest for 1.287 billion yuan (S$245.45 million) due to the highly competitive market in the mainland. The planned sale will allow the company to realise capital gains and to reward shareholders with a special
        91 words
      • Article
        Lock icon Equation issues profit warning for FY2011
        89 13 EQUATION Corp has issued a profit warning for its full year ended June 30, 2011 (FY2011). “Based on the preliminary review of the group’s unaudited financial results, there will be an increase in losses for FY2011 as compared to FY 2010,” it said. “The
        89 words
    • Article
      Lock icon TOP 20 ACTIVES
      111 13 VOL CLOSE ShengSiong 134,343 49 1.5 3.2 HPHTrust US$ 65,611 66 3.6 4.8 GoldenAgri 59,777 62 -1.0 -1.6 TopGlobalW*****9 57,005 0.4 0.0 0.0 GentingSP 56,172 153.5 -1.5 -1.0 TopGlobal 46,249 0.8 0.0 0.0 SingTel 42,657 310 6.0 2.0 MDR 41,456 0.4 -0.1 -20.0 NobleGrp 38,676 144.5 1.5
      111 words
    • Article
      Lock icon STI STOCKS
      108 13 Stock name Close Change CapMallsAsia 1.305 +0.025 CapitaLand 2.490 CapitaMall 1.810 -0.005 CityDev 10.000 -0.310 ComfortDelGro 1.360 +0.010 DBS Grp 12.810 -0.170 F&N 5.700 -0.080 GLP 1.610 -0.055 Genting SP 1.535 -0.015 Golden Agri 0.620 -0.010 HK Land 5.360 -0.040 JMH 51.300 -0.850 JSH 29.100 -0.500 Jardine C&C
      108 words
    • Article
      Lock icon TOP GAINERS
      63 13 BY CENTS CLOSE UP GLD 10US$ ***** 716.3 3.5 DBXT S&P Short 10US$ 4678 79.7 1.4 UOB 5.05%NCPS 100 ***** 40.0 0.4 OCBC Bk 5.1%NCPS 100 ***** 20.0 0.2 DBXT MSTaiwan 10US$ 1724 18.1 0.9 CityDev.ES.1108 1027 17.0 1.7 Hyflux 6% CPS 10 ***** 16.0 0.2 DBXT FTVietnam
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    • Article
      Lock icon TOP LOSERS
      60 13 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -206.6 -1.6 IS S&P500 ***** -130.5 -0.9 Jardine C&C 4240 -119.0 -2.7 DBXT MSEurope 10US$ 4088 -102.7 -2.0 JMH 5130 -102.7 -1.6 DBXT MSTHAI 10US$ 1577 -71.3 -3.6 DBS Bk 4.7% NCPS 100 ***** -66.0 -0.6 JSH 2910 -60.4 -1.7 Pru
      60 words
    • Article
      Lock icon GuocoLand Q4 profit rises 79% to $93.2m
      388 14  -  Company says business conditions in countries in which the group operates will be challenging in the coming year By Uma Shankari shankari@sph.com.sg Singapore GUOCOLAND’S net profit for the fourth quarter ended June 30, 2011, rose 79 per cent to $93.2 million, the property
      388 words
    • Article
      Lock icon Jaya Holdings’ Q4 profit dives 93%
      387 14  -  By Joyce Hooi joyceh@sph.com.sg Singapore JAYA Holdings posted a 92.9 per cent plunge in fourth-quarter net profit, from $31.3 million to $2.2 million. For the same period ended June 30, 2011, revenue fell 91.7 per cent from $204 million to $16.9 million. On a
      387 words
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      Lock icon Page 11 Advertisements Column 1
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      60 words
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      Lock icon Page 12 Advertisements Column 1
      165 12 INTHEMATTEROF THECOMPANIESACT (CHAPTER50) AND IN THE MATTER OF (1)GOLDENSOURCINGNETWORK PTE.LTD. (INMEMBERS’VOLUNTARYLIQUIDATION) (REGISTRATIONNO.*****5372N) (2)JINGTAOCAPITALPTE.LTD. (INMEMBERS’VOLUNTARYLIQUIDATION) (REGISTRATIONNO.*****5366E) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, in pursuanttoSection308oftheCompanies Act, Cap 50, that a Final Meeting of the Members of the above-named companies would be held at 10 Anson Road #12-14 International Plaza Singapore
      165 words
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      426 13 BEATS NOTICES TECKWAH INDUSTRIAL CORPORATION LTD (Incorporated in the Republic of Singapore) (Company Registration Number: *****1105E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Teckwah Industrial Corporation Ltd (the "Company") will be held at 25 Pandan Crescent #05-15 TIC Tech Centre Singapore *****7
      426 words
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  • Page 14 Advertisements
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      11 14 www.omy.sg fit 3601 a! I k i omymfif. •B S«a«HKSI8 news.omy.sg
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      396 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KRDL PTE LTD Co. Reg. No. *****7069Z (IN MEMBERS’ VOLUNTARY LIQUIDATION) Extract of the minutes of Corporate Representative at the Extraordinary General Meeting of a member of KRDL Pte Ltd, convened and held at 20 Cecil
      396 words
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      18 14 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements W ATci NOTICES
      18 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Managing telecoms to drive business
      845 15  -  A growing emphasis on workforce mobility in Asia underscores the importance of efficient use of communications resources from the desk of Stevan Hovle Hoyle President Asia Pacific and Sub-Saharan Africa Vodafone Global Enterprise ORGANISATIONSofteninvestlargesumsintelecom-municationssys-temswithouthaving a complete overview or control of their assets. The issue is
      845 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Viability of JAC plant well assured
      563 16  -  Company has secured offtake contracts worth US$2.2b a year By Ronnie Lim ronnie@sph.com.sg WITH an annual US$2.2 billion worth of offtake contracts for the next seven years already in the bag, the viability of Jurong Aromatics Corporation’s US$2.4 billion aromatics complex is well assured
      563 words
    • Article, Illustration
      Lock icon Natas travel fair opens amid global uncertainty
      353 16  -  By Stephanie Riady sriady@sph.com.sg SINGAPORE’S largest consumer travel fair opened yesterday, amid all the economic and political gloom worldwide, indicating the optimism and resilience within the travel industry. This year, the Natas travel fair managed to sell some 1,100 booths to 150 exhibitors
      353 words
    • Article
      Lock icon DHL improves carbon efficiency
      284 16  -  By Kelly Tay kellytay@sph.com.sg DHL EXPRESS Singapore yesterday announced that its carbon efficiency measured by how much CO2 is emitted per kilogramme of shipment moved improved by 15.7 per cent in 2010 as compared to 2009. This is despite a “surge” in delivery volumes over the
      284 words
    • Article
      Lock icon Appellate court upholds ruling against CRW
      581 17  -  It says that arbitration tribunal’s award of US$17.3m exceeds jurisdiction and breaches the rules of natural justice By Grace Leong gleong@sph.com.sg THE Singapore Court of Appeal has upheld a High Court decision to set aside a US$17.3 million arbitration award to Indonesian joint venture
      581 words
    • Article, Illustration
      Lock icon Fine watches swell BT wine night crowd
      245 17  -  By Chuang Peck Ming peckming@sph.com.sg THE Business Times Wine Night for chief executives saw a bigger turnout than usual on Wednesday but the draw was not so much the fine wines served, but rather the fine watches. Wine is the theme of the
      ARTHUR LEE  -  245 words
    • Article
      Lock icon S’pore scores in food safety review
      251 17  -  By Michelle Yeo michyeo@sph.com.sg THE AGRI-FOOD and Veterinary Authority’s (AVA) International Advisory Committee of Experts (IACE) concluded its fifth review of AVA’s food safety and biosecurity programmes and deemed it to be of world-class standard. The four-day review which ended on Thursday, considered a
      251 words
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      59 17 FREEGOODIEBAG with every September issue purchased at PlayTest@COMEX! Enjoy 30% off subscription gifts. PlayTest@COMEX Learn tips and tricks about gadgets and tech at our exclusive seminars. Date: 1-4 Sep 2011 (Thu-Sun) Venue: Suntec Convention, Level 2 Meeting Rooms 208-209 Log on to www.playtest.sg for details of seminar topics and registration.
      59 words
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  • WORLD
    • Article
      Lock icon Q2 economic growth slower than expected
      527 18 Business inventories, exports were less robust, a government report showed latest us data| Reuters Bloomberg Washington THE US economy grew slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed yesterday, although consumer spending
      Reuters; Bloomberg  -  527 words
    • Article, Illustration
      Lock icon Hurricane Irene nearing North Carolina
      399 18 Reuters Wilmington, North Carolina HURRICANE Irene bore down on North Carolina yesterday, tens of thousands of people evacuated and East Coast cities including New York braced for a weekend hit from the powerful storm. Fifty-five million people are potentially in Irene’s path from the Carolinas
      Reuters; AP  -  399 words
    • Article
      Lock icon Nobel prize winners believe eurozone will survive
      446 18 They think it makes more sense for Germany to leave if the bloc splinters Reuters Lindau, Germany THE FINEST economic minds in the world believe the eurozone will survive its crippling debt crisis, but think that if the bloc splinters it would make
      Reuters  -  446 words
    • Article
      Lock icon Spanish govt, opposition agree on debt limit
      321 19 Reuters Madrid THE Spanish government said yesterday that it had reached an agreement with the main opposition People’s Party (PP) to establish limits on the public deficit and debt as part of the constitution. The constitutional amendment, which will not include specific deficit
      Reuters  -  321 words
    • Article, Illustration
      Lock icon ABN Amro to cut 9% of jobs before sale
      456 19 Most of the job cuts will be in back-office operations such as IT Reuters Amsterdam NATIONALISED Dutch bank ABN Amro is shedding 2,350 jobs some 9 per cent of its workforce as the state readies it for a return to private
      Reuters; AFP  -  456 words
    • Article
      Lock icon Greece sets minimum take-up rate for debt swap
      307 19 It requires 90% participation from bondholders Reuters Athens GREECE said yesterday that it would not go ahead with a debt swap crucial to its second bailout if holders of less than 90 per cent of its debt to the private sector agreed
      Reuters  -  307 words
    • Article
      Lock icon Rio, Mitsubishi raise bid for Aussie coal firm
      144 20 Bloomberg Sydney RIO Tinto Group, the world’s sec-ond-biggest mining company, and Mitsubishi Corp raised their offer for the rest of the shares of Coal Allied Industries Ltd by 2.5 per cent to take the company private. Coal Allied accepted the offer of
      Bloomberg  -  144 words
    • Article
      Lock icon Rahul Gandhi slams Hazare anti-graft fast
      489 20 Gandhi praises the activist’s ideals but challenges his hunger-striking tactics AFP New Delhi RAHUL Gandhi, widely-seen as India’s prime minis-ter-in-waiting, warned yesterday that India’s democracy was under threat from a popular anti-corruption campaign spearheaded by fasting activist Anna Hazare. In a combative address to
      AFP  -  489 words
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      48 19 Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! FMCTechnologiesSingaporehas avacancyforan Accountant Pfizer is recruiting a Facility Engineer Swarovski is looking for Visual Merchandisers F&N Foods is seeking a Quality Control Manager GoldenAgri-Resourceshasaposition openfora Senior Risk Analyst/ Risk Analyst
      48 words
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  • SGX
    • Article
      Lock icon SGX CATALIST
      9807 24 Transaction date: Aug 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 $mil 21 12 8Telecom 12.8 10.9 14.5 7.8 4.8 2.7 61.3 9.5 4.5 A-Sonic 5 unch 100 5 5 4.9 5.8 2.6
      9,807 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 2 0 0 0 5 7 2 Manufacturing 42 54 44 2 5 4 44 59 48 Commerce 17 22 15 4 2 2 21 24 17 Tpt/Stor/Comms 11 22 9
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      803 24 For week beginning Aug 22 Compiled by BT SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Marco Polo 25-Aug-11 Nautical Intl Hldgs Ltd Buy 299 na *****0 55.70 *****9 55.79
      803 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,986 23,986 71,113 71,113 Manufacturing 154,870 3,557 158,427 163,528 152 163,680 Commerce 207,151 2,093 209,244 172,041 404 172,445 Tpt/Stor/Comms 177,061 783 177,844 269,607 63 269,670 Finance 17,607 20 17,627 193,792 2 193,794 Construction 14,142 46,799
      119 words
    • Article
      Lock icon OIL
      75 25 Aug 25 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.66 unch WTI (Near Mth) 85.01 -0.18 Dubai (1-Mth F) 106.34 1.61 Tapis blend 118.39 1.63 Minas 113.14 1.63 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.11 1.22 Jet Kerosene 125.34 1.09 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      120 25 currency Aug 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.309 1.235 Can dollar 1.246 1.199 Euro 1.772 1.704 Sterling pound 2.006 1.929 NZ dollar 1.032 0.983 US dollar 1.226 1.179 Local dollars to 100 units of foreign currency: Currencies
      120 words
    • Article
      Lock icon METALS
      68 25 Aug 26 GOLD (US$/oz) Aug 26 Aug 25 Hong Kong 1789.*****0.00 Aug 25 Aug 24 London 1741.*****7.49 1742.*****8.71 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 49.61 49.09 Source: UOB PLATINUM Lon (US$/oz) Aug 25 Close Previous PM Fix 1800.*****5.00 AM Fix 1805.*****0.00 Source: Thomson Reuters PLATINUM NYMEX
      68 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      101 25 Aug 26 TREASURY BILLSLSPeriod Issue Maturity. Yesterday's Day's code Bid High Low 3-Month BQ*****F 24.11.2011 0.13 0.08 0.08 1-Year BY*****X. 02.05.2012. 0.16 METALS Sep-11 8899.00 8732.00 8803.00 8715 Oct-11 86.35 84.55 84.98 84.44 Futures Aug-11 179.00 178.50 178.70 176.5 Futures Sep-11 180.10 179.00 179.00 174.5 GOVERNMENT BONDS Period
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Aug 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2658 1.2667 1.0479 1.0484 Canadian dollar 1.2247 1.2252 1.0139 1.0141 Euro 1.7429 1.7434 1.4429 1.4430 NZ dollar 1.0041 1.0051 0.8313 0.8319 Sterling pound 1.9696 1.9707 1.6306 1.6311
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      Lock icon STOCK MARKETS
      89 25 Source: Bloomberg YTD change:-13.85% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,680.83 on Aug 22,2011 YTD change: -6.98% 52-week high: 3,186.72 on Nov 11,2010 52-week low: 2,437.68 on Aug 9,2011 Source: Bloomberg Source: Bloomberg YTD change:-14.99% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,868.10 on Aug
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      Lock icon SMX MARKET UPDATE
      93 25 As on 25 August 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Oct-11 1726.00 1723.70 1724.90 1755.1 Silver Sep-11 40.595 38.955 39.535 39.165 CURRENCY US Dollar-Jap Yen Sep-11 77.22 76.84 77.19 76.74 Euro-US Dollar Sep-11 1.4471 1.4325 1.4369 1.4394 GBP-US Dollar Sep-11 1.6371
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      Lock icon LIFFE
      82 25 Aug 25 COCOA (£/tonne) Close Prev High/Low Sep 11 1891 1916 1928/1883 Dec 11 1910 1937 1947/1900 Mar 12 1924 1951 1960/1914 May 12 1933 1956 1963/1923 COFFEE (US$/tonne) Close Prev High/Low Sep 11 2345 2365 2365/2301 Nov 11 2362 2374 2375/2315 Jan 12 2377 2389 2390/2336 Mar 12
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      Lock icon PALM OIL
      65 25 Aug 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3085 3094 3100 3075 115 2201 Oct 11 3022 3016 3031 2995 1580 ***** Nov 11 2993 2975 2996 2953 ***** ***** Dec 11 2975 2970
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      Lock icon CHICAGO BOT
      93 25 Aug 25 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 11 1386.*****6.*****1.*****7.75 Nov 11 1392.*****3.*****7.*****4.00 Jan 12 1403.*****3.*****8.*****5.00 Mar 12 1406.*****5.*****1.*****8.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Sep 11 55.60 55.78 55.86 55.25 Oct 11 55.79 55.95 56.02 55.47 Dec 11 56.13 56.33 56.40
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT`L INDICES
      374 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 25 Index Change Change Change Change Change Change World Index Preliminary 790.3 -0.8 -12.0 -0.6 -14.6 -1.0 -9.6 ‡EAFE Preliminary 664.6 -0.3 -17.0 -0.5 -17.0 -0.9 -12.1 Europe Preliminary 961.3 -1.1
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      Lock icon LONDON METALS
      72 25 Aug 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2331.00 2326.50 3 months 2366.00 2364.00 Copper, Grade A (US$/tonne) Cash 9016.50 8859.50 3 months 9030.00 8875.00 Lead (US$/tonne) Cash 2406.50 2351.75 3 months 2401.50 2348.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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  • PERSPECTIVE
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      Lock icon Climate change talks: Hopes dim
      1045 26 / 27  -  Deepened global economic uncertainty and developed country obduracy will shape the outcome at the year-end meeting. By G Panicker By G Panicker The writer was formerly with BT’s foreign desk HOPESforacom-prehensivedealto combat climate change arealready slipping. enedglobaleconomic uncertainty and developed country obduracy will shape the
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      Lock icon Inflation is certainly not the answer
      806 26 / 27  -  The Fed shouldn’t make the problem worse by embracing policies that will create more uncertainties Robert Samuelson The Washington Post Writers Group IT’S A sign of desperation that the latest cure being suggested for the ailing economy is higher inflation. In the 1970s and
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Downgrade cost US$1t
        1363 28 / 29  -  Stock market losses amount to US$1t after S&P lowered the grade on Treasury securities to ‘AA+’ from ‘AAA’. By Whitney Kisling and Nikolaj Gammeltoft By Whitney Kisling, Nikolaj Gammeltoft Bloomberg SHAREHOLDERS in US-listed companies can thank Standard Poor’s for making them US$1 trillion poorer after the rating
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      • BROKERS’ TAKE
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          Lock icon Tiger Airways Holdings
          365 28 / 29 Underperform CIMB Research Aug 26 Close: $0.93 TIGER will be issuing up to 273.4 million new shares at $0.58 apiece in a one-for-two rights issue, or a 39 per cent discount to its last traded price of $0.955. We see possibly greater involvement from parent SIA as
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          Lock icon SingTel
          406 28 / 29  -  Compiled by Joyce Hooi Buy Kim Eng Research Aug 26 Close: $3.10 WEareupgradingSingTeltoa“buy”following the recent plunge in its share price that has pushed dividend yield to a relatively attractive 6 per cent and valuations down to 2009 troughs. With this upgrade, we now have “buy” calls on all three
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        Lock icon Tech analysts back in favour again
        1742 32  -  A new generation of Wall Street researchers are grabbing attention and a lot of money. By Susanne Craig NYT THEY are the new tastemakers of Web investing, the supposed seers of Bub-ble-Tech 2.0. And despite the stock market’s recent craziness, they are almost as
        NYT; BLOOMBERG FILE PHOTO  -  1,742 words
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        Lock icon Buffett trades off name, returns follow
        837 33  -  He has perfected the art of swooping in at the last minute when he thinks a US icon is undervalued By Clare Baldwin Reuters WARRENBuffettshowed again that his name and money is enough to give a struggling company instant credibility in the market. But
        Reuters; REUTERS  -  837 words
    • SMART MONEY
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        Lock icon Prevention is better
        1243 30  -  Insurance is an efficient way to cover major health expenses. By Genevieve Cua gen@sph.com.sg HEALTHCAREcostsareamongthemostworri-some of financial needs, and it is a need that should not be ignored. This is partly because healthcare inflation generally rises at a faster clip than broad-based inflation. In addition, the risk
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        Lock icon Things to consider when getting an insurance plan
        1297 31  -  By Genevieve Cua BEFORE you decide on an Integrated Shield plan, you should be familiar with some of the similarities and broad differences among the plans. One important decision that you should make is your preferenceof hospitalward whether Class Aor private hospital,
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    • WEALTH REAL ESTATE
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        Lock icon Househunt PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 27 AND AUG 2, 2011
        1134 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 13 NON-LANDED Nin Residence Apt 28/07/2011 99 850 980 1153 Suites@Braddell Apt 27/07/2011 FH 398 494 1242
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        Lock icon Cheung Kong to develop North Point site
        534 35 The company plans to build a hotel and luxury apartments on HK$6.27 billion site Bloomberg Hong Kong CHEUNG Kong Holdings Ltd, the developer controlled by billionaire Li Ka-shing, plans to build a hotel and luxury apartments on a site it bought for HK$6.27
        Bloomberg; BLOOMBERG FILE PHOTO  -  534 words
      • Article, Illustration
        Lock icon Lend Lease profit rises 43%
        258 35 Bloomberg Sydney LEND Lease Group, Australia’s largest property developer, reported a 43 per cent increase in full-year profit after seeing strength in its Asian business and the sale of a stake in a US mall. Net income rose to A$492.8 million (S$623.8 million), compared with
        Bloomberg; BLOOMBERG FILE PHOTO  -  258 words
      • Article
        Lock icon UK house prices rise 1.3% on the month in July
        206 35 Reuters London HOUSE prices in England and Wales rose 1.3 per cent on the month in July, government data showed, in a rare positive sign from the sluggish housing market. However, prices were still down 2.1 per cent on the
        Reuters  -  206 words
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      97 33 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 1 September 2011 Tenor Approximately 15 years Total Amount Allotted SGD 1,600,000,000 Amount Allotted to Non-Competitive Applications SGD 123,475,000 Amount Allotted to MAS Nil Total Amount Applied SGD 2,958,426,000 Coupon Rate 3.000%
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      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
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      66 1 LivingTHEBUSINESSTIMESWEEKEND|AUGUST27-*****1BTTHE BUSINESS TIMES WEEKEND AUGUST 27-28 2011 DESTINATION DINING Rooting for food British and old L6-7 KANPAI TO COCKTAILS Bespoke concoctions sizzle with izakaya fare L2-5 WATCHES High time L12-13 PHOTO: PRETTY PENNY BY THE NAKED FINN; RENKON CHIPS BY EN JAPANESE DINING GADGETS Lapping up the music L14 NO
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  • BT Living
    • DINING
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        Lock icon Kanpai to cocktails
        2066 2 / 3  -  There’s reason to cheer as cocktail bars pair bespoke concoctions with Japanese fare to give a new spin to izakaya dining. By Geoffrey Eu btnews@sph.com.sg By Melissa Lwee-Ramsay mellwee@sph.com.sg By Melissa Lwee-Ramsay mellwee@sph.com.sg GOING out for a drink in Singapore used to involve little more than a
        2,066 words
    • DESTINATION DINING
      • Article, Illustration
        Lock icon Rooting for all foods British and old
        867 6 / 7  -  Heston Blumenthal has gone back to the roots of British cooking in his achingly hip London hotspot Dinner. But Jaime Ee realises that the real roots lie in his older, more authentic Hinds Head pub in the village of Bray Jaime Ee jaime@sph.com.sg
        867 words
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        Lock icon Honest-to-goodness cooking
        1075 6 / 7  -  When London’s violent rioters looted Michelin-starred restaurant The Ledbury, little did they realise that the most valuable thing there was the cuisine. Jaime Ee samples what they missed out on Jaime Ee jaime@sph.com.sg WHEN you’ve spent six years building up your restaurant from nothing, earning your second Michelin
        1,075 words
    • TRAVEL
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        Lock icon Luxurious locale
        1095 8 / 9  -  The tiny enclave of Belgravia exudes a genteel, buzzy village ambience. By Jaime Ee By Jaime Ee jaime@sph.com.sg THERE’S no mistaking the plain, brown plywood sheet covering the shopfront. Or the tell-tale shattered glass windows, yet to recover from their rude violation. The horrors of the recent bloody
        1,095 words
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        Lock icon The Halkin – a home away from home
        533 8 / 9  - The Halkin a home away from home By Jaime Ee FOR a visitor to Belgravia, there’s nothing like basing yourself at the Halkin the next best thing to actually owning an apartment in the area. When it first opened in September 1991, there was no such thing as a boutiquedesigner
        533 words
    • HOME & GARDEN
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        Lock icon Runneth over with art
        1199 10 / 11  -  Amin Bagheri’s home is filled with his collection of contemporary art as well as ethnic artifacts from all over the region. personal space By Geoffrey Eu btnews@sph.com.sg WHEN he was a young man growing up in Teheran, Amin Bagheri spent much of his free time browsing
        PHOTOS BY YEN MENG JIIN  -  1,199 words
    • WATCHES
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        Lock icon High time
        1143 12 / 13  -  In the rarefied world of haute horlogerie, a newly minted piece is not just for telling time. While horologers take your breath away with stunning new designs and mechanisms, they also take time to pay homage and support social causes. By Dylan Tan dylantan@sph.com.sg Officine Panerai Favoured for
        1,143 words
    • GADGETS
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        Lock icon Lapping up the music
        637 14  -  Most computers can function as a hi-fi system, but from the sound of these music-friendly laptops, some are better than others. By Christopher Lim limchris@sph.com.sg HP Envy 14 Beats Edition ($2,499) HP may have announced last week that it is considering selling its PC business, but
        637 words
    • HEALTH
      • Article, Illustration
        Lock icon Jobs's decline
        838 15  -  Steve Jobs steps back from Apple’s harsh spotlight to take up arms against his rare form of pancreatic cancer. By John Lauerman Bloomberg STEVE Jobs’s exit from the top post at Apple Inc, the technology company he co-founded in 1976, follows years of health struggles that began in
        Bloomberg; PHOTOS: BLOOMBERG, AFP  -  838 words
    • SPORT
      • Article, Illustration
        Lock icon Fifa's rankings: one of life's great mysteries
        673 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor THERE are several things in life which, try as I may, I have never been able to fully comprehend. Like, why some cabbies like to tear down the streets like F1 racers, why people
        FILE PHOTO  -  673 words
      • Article, Illustration
        Lock icon You may never see the like of Bolt again
        529 16 the finish line with Christy Simson THERE are few sportsmen or women today who can be truly described with this phrase: “We will never see his like again.” Mohammad Ali, maybe. Pele, perhaps. Tiger Woods, who knows? Michael Jordan, probably. Usain
        529 words
    • BT CORPORATE GOLF LEAGUE 2011
      • Article
        Lock icon Team SunMoon takes the lead
        190 17  -  But Dream Team (OAAG) and Harry Elias Partnership LLP are hot on its heels. By Justine Moss btnews@sph.com.sg AS THE Business Times Corporate Golf League reaches the mid point of the competition, leading the table with 312 points is Team SunMoon, followed closely by Dream
        190 words
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        Lock icon Better spirit among players this year
        359 17  -  By Justine Moss WITH a slightly modified team from last year in order to achieve the best results, Harry Elias Partnership LLP team captain Michael Palmer describes his team’s play so far in the competition as “absolutely smashing”. While they were leading after the
        359 words
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        Lock icon A good way to unwind
        355 17  -  By Justine Moss LEAGUE debutants RHB Bank were keen to sign up this year, taking the initiative to approach Singapore Press Holdings when they read about the golf challenge last year. “We weren’t aware about the BT Golf Challenge last year until we read about
        355 words
    • MOTORING
      • Article, Illustration
        Lock icon Evocative Rover
        621 18  -  The compact Rover’s styling is sporty and refreshing, even as it retains classic design cues. The Evoque handles rather well too, with good composure in fast curves and a well-weighted steering that is adequately accurate. By Samuel Ee samuelee@sph.com.sg RANGE Rover calls the Evoque the smallest and lightest
        621 words
      • Article, Illustration
        Lock icon The unique Evoque
        636 19  -  Despite its pretty looks, it still comes with the traditional Range Rover attributes for going offroad. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IF THERE were any doubts about the Evoque being too pretty and not quite rugged enough, they were immediately run over by the baby
        636 words
      • Article, Illustration
        Lock icon THE LIGHT FANTASTIC
        678 20  -  The arrival of the new Audi A6 is an extremely significant event for the German carmaker. By Samuel Ee MOST carmakers tout the virtues of a new model by comparing it with the old. But few actually trot out the old car for a back-to-back comparison. Except
        678 words
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      954 4 / 5 wine&dine with BTWeekend Bar on 5 Mandarin Orchard Singapore, Level 5 333 Orchard Road Z6831-6288 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 menu
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