The Business Times, 17 September 2011

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Total Pages: 49
1 20 The Business Times
  • 19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg SEPTEMBER 17 18, 2011 S$1.00 MICA (P) 121/08/2011 Sf£l A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • 23 1 singapore economy SINGAPORE’S key non-oil domestic exports sprang a surprise 5.1 per cent year-on-year rebound in August.| 2
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  • 42 1 sports hub TALKS are underway between the Singapore government and the Sports Hub’s commercial partner on how best to seize the many business opportunities that will be spawned as the S$1.33 billion facility begins to take shape. 4
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  • 33 1 budget airline THAI Airways might be jettisoning Tiger Airways as a budget airline partner, but Tiger does not seem to know that it might have been dumped.| 8
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  • 42 1 eurozone crisis EUROPEAN finance ministers ruled out efforts to prop up the faltering economy and gave no indication of providing aid for lenders to go along with Thursday’s liquidity lifeline from the European Central Bank.| 8
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  • 1058 1  -  Horticultural arts and science meet in Gardens by the Bay to create one of Singapore’s crowning glories By Nicholas Yeo, Kelly Tay btnews@sph.com.sg kellytay@sph.com.sg Singapore EVEN as the National Parks Board (NParks) is calling for ideas to create a city in a garden, Singapore’s newest
    NICHOLAS YEO  -  1,058 words
  • 649 1  -  By Joyce Hooi joyceh@sph.com.sg Singapore JURONG Port is the third contender in the ring vying to operate the $500 million International Cruise Terminal (ICT), BT has learnt. “JurongPort’s strategy isto grow and develop its local and overseas business.
    649 words
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  • TOP STORIES
    • 536 2  -  But economists reckon a technical recession is still on the horizon, after NODX’s July dip By Chuang Peck Ming peckming@sph.com.sg Singapore AFTER dipping 2.8 per cent in the previous month, Singapore’s key non-oil domestic exports (NODX) sprang a surprise 5.1 per cent year-on-year
      Source: IE Singapore  -  536 words
    • 140 2 G STI 2,789.04 (+23.09) G STI FUTURES 2,789.00 (+23.00) G SIMSCI 321.27 (+2.32) G SIMSCI FUTURES 321.40 (+2.40) STOCKS Friday Change KL COMP 1,430.93 -6.68 NIKKEI 225 8,864.16 +195.30 HANG SENG 19,455.31 +273.81 SET 1,033.34 -2.87 JAKARTA 3,835.18 +60.85 MANILA 4,290.17 -1.23 KOSPI 1,840.10 +66.02 SHENZHEN B 619.75 -9.82
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    • 557 4  -  World Sports Group in talks with govt to ensure maximum benefits from the programme By Lee U-Wen leeuwen@sph.com.sg Singapore LOS Angeles has the iconic Staples Centre, London boasts the famous O2 Arena while Shanghai is home to the landmark Mercedes Arena. These are
      DP ARCHITECTS  -  557 words
    • 529 6  -  Neil Porter whose firm is designing a section of Gardens by the Bay says it’ll be special By Nicholas Yeo btnews@sph.com.sg Singapore FOR Neil Porter, partner of Gustafson Porter Landscape and the designer of Bay East at Gardens by the Bay, the design starts from
      NICHOLAS YEO  -  529 words
    • 530 8  -  But Tiger Airways says there’s no change in the project’s status and discussions will continue By Joyce Hooi joyceh@sph.com.sg Singapore THE difference between golf and the aviation industry is that in golf, it is the tiger that does the loving and leaving. Thai
      BLOOMBERG FILE PHOTO  -  530 words
    • 611 8 Bloomb erg Wroclaw, Poland EUROPEAN finance ministers ruled out efforts to prop up the faltering economy and gave no indication of providing aid for erstogoalongwithThursday’sliquidity lifeline from the European Central Bank. Clashing with US Treasury Secretary Timothy Geithner, finance chiefs from the euro
      Bloomberg  -  611 words
    • 376 8 Bloomberg Wroclaw, Poland US Treasury Secretary Timothy Geithner said that the Group of 20 nations must avoid creating new regulatory loopholes that allow some investors to profit from national differences and weaken the global economy. The US wants new bank capital requirements and
      Bloomberg  -  376 words
  • Page 2 Advertisements
    • 117 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Trends L2-5 Dining L6-8 Design L9 Style L10-13 Gadgets
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  • Page 3 Advertisements
    • 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
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  • Page 4 Advertisements
    • 163 4 SINGAPORE MEDICAL SPECIALISTS CENTRE www.sgmsc.com L (far Feeling Dizzy? Snoring? Having problems sleeping? Suffering from frequent blocked or runny nose? Consult us for these ENT problems and we will provide you with the best possible solution! Nose Throat (ENT) Range of Services including: Ear Conditions: External and middle ear infections,
      163 words

  • Page 5 Advertisements
    • 221 5 THE STRAITS TIMES. m mr 1 M is V* n Print. m Online. I ±4 STRAITS TIMES. ($24.65 per month) A ST Online ($26.65 per month) iPad/iPhone. App (US$27.99 per month* (est. $35 per month) We're fetching you an All-in-One news experience for just $2 more. T JSlRi FA V
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  • Page 7 Advertisements
    • 75 7 dh ®l UX 'rnqmlulatimiA Heartiest Congratulations to Mr. Chia Chor Meng PBM Chia Khim Lee Group Executive Chairman Whampoa Citizen's Consultative Committee -Patron Whampoa CCC Community Development Welfare Fund Vice Chairman Singapore Table Tennis Association Honorary President Tanjong Katong Secondary School Vice Chairman, SAC Lighthouse School Member of SMC on
      75 words


  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Sept 12-16, 2011
      • 71 9 ALTHOUGH mainland Chinese buyers have, in recent times, helped boost Singapore’s private property market, Indonesian buyers are still a force to reckon with, as they remain among the top three foreign buyers of local property. A large proportion of their purchases are made between
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      • 71 9 ASIAN beer guzzlers have catapulted Asia Pacific Breweries (APB) to its debut on the Forbes Fab 50 2011,a listing of Asia’smost profitable 50 large-caps. The maker of Tiger Beer popped at the top after its market value sprang 75 per cent
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      • 68 9 THE Singapore Exchange (SGX) has announced a new round of changes to listing rules, many of which are aimed at boosting corporate governance standards relating to foreign listings. This follows the fallout from some S-chips during the 2008 financial crisis that had their CEOs
        68 words
      • 52 9 THE UK Independent Commission on Banking (ICB) has proposed stringent capital requirements for British banks and a “ring fence” to separate retail banking from investment banking. The ICB estimates that the measures will cost up to £7 billion (S$13.7 billion)
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      • 52 9 LEADING US and European banks are stepping up pressure to scrap new global capital surcharges proposed by the Bank for International Settlements (BIS) under its new Basel III rules, partly out of fear that these could favour relatively strong Japanese and other
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      • 112 9 MALAYSIA’S Prime Minister Najib Razak said his administration would repeal the Internal Security Act 1960 (ISA) and three Emergency Ordinances at the next parliamentary sitting. He also announced the scrapping of annual printing and publishing permits plus amendments to freedom of
        THE STAR/ASIA NEWS NETWORK  -  112 words
      • 58 9 SWISS bank UBS shocked markets with a warning that it had suffered some US$2 billion in losses from unauthorised trades that could drag the entire group into a loss for the third quarter. Police have arrested Kweku Adoboli, a 31-year-old UBS trader, in
        58 words
      • 70 9 NET job gains in the second quarter in Singapore were higher than first thought, but the upward revision in the final figure hasn’t changed the picture painted by the earlier estimate: a cooling of the labour market. Total employment rose 24,800 2,000
        70 words
      • 89 9 SOME property consultants are now predicting that developers could end the year with sales of 15,000-16,000 private homes, excluding executive condominiums (ECs). The upper end of this band is close to the 16,292 units develop- ers sold last year. Better-than-ex-pected
        89 words
    • 82 9 US DATA Sept 20 Aug housing starts Sept 21 Aug existing home sales Sept 22 Aug leading indicators SINGAPORE DATA Sept 23 Aug consumer price index Sept 26 Aug index of industrial production EVENTS Sept 20 US Federal Reserve’s Federal Open Market Committee (FOMC) meeting
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  • Page 9 Miscellaneous
    • 332 9 CRYPTIC CROSSWORD Across 1 Save Father suffering with a soothing application (10) 9 Trip that lasts some months in the US (4) 10 We may bet on them to give us hydrogen (10) 11 Tips union leader to spend freely (6) 12 Cattle feed in lake (7) 15 Every set-back
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    • 13 9 SATURDAY with Ludwig ‘It will need renovations, but it’s still a great bargain
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  • THE RAFFLES CONVERSATION
    • 2412 10/11  -  ofhrhrviinchange Chew Gek Khim shares her vision for the age old Straits Trading Company. By Wong Wei Kong weikong@sph.com.sg THE new Straits Trading Building stands tall and gleaming in the heart of pore’spremierRaffles Place business district. One of the earliest prime office developments, it has been extensively
      ARTHUR LEE  -  2,412 words
    • 419 10/11 CHEW Gek Kim’s grandfather, philanthropist Tan Chin Tuan, played a big part in instilling in her the sense of accountability that she is now trying to institutionalise at Straits Trading. “From the time I worked with him, when you are given a task to do, and
      419 words

  • COMPANIES
    • 470 12  -  High-frequency trading perceived as negative for institutional investors trading in large size By Jamie Lee leejamie@sph.com.sg Singapore MORE than two-thirds of traders at global asset management firms polled are wary of the impact of high-frequency trading (HFT) on equity markets,
      BLOOMBERG  -  470 words
    • 546 12 Reuters Singapore ENGLISH Premier League football club Manchester United has received permission from the Singapore Exchange (SGX) for a planned US$1 billion listing in a deal that would include non-vot-ing preference shares, two sources with knowledge of the deal told
      Reuters; AFP  -  546 words
    • 378 13  -  Its shares rise 3% to close at 68.5 cents, palm oil firm’s highest close since Aug4 By Felda Chay feldac@sph.com.sg Singapore GOLDEN Agri-Resources was the stock-market darling yesterday, after Nestle’s move to resume palm oil purchases with the firm sent investors rushing for
      378 words
    • Business briefing
      • 75 13 CWT Ltd has announced that its subsidiary CWT Globelink Pte Ltd will buy a 50 per cent stake in Unimar Logistics for US$8.75 million. Unimar provides air and sea freight logistics services in Turkey and has been part of Globelink’s agency network
        75 words
      • 87 13 CHINA Energy warned that it expects to post a net loss for the financial year ended Dec 31, 2011. This is due to the lack of cost effectiveness in producing methanol from anthracite coal, which has led to a very low utilisation rate of
        87 words
    • 424 14  -  Lonza’s choice of SGX as its listing platform in Asia pleases the exchange By Dolly Chia dchia@sph.com.sg Singapore LONZA Group AG, a Swiss chemicals maker, announced yesterday that it has submitted an application for secondary listing by way of introduction on the
      424 words
    • 398 14  -  By Jamie Lee leejamie@sph.com.sg Singapore RUSSELL Investments has urged caution on Asia as its valuations have gone ahead of the rest of the world while inflation pressure translates to more policy tightening across the region. “Many of the economies in the region are
      398 words
    • 305 14 Bloomberg Singapore EMERGING-market equity funds reported a seventh week of withdrawals amid concerns the European debt crisis will curb exports to the region, according to Citigroup Inc. Funds investing in developing-nation stocks reported US$1.3 billion of outflows in the week ended
      Bloomberg  -  305 words
    • 364 14  -  By Felda Chay feldac@sph.com.sg Singapore SINGAPORE’s stock market may be less able to withstand the effects of global economic turmoil compared to that of its less ex-port-oriented South-east Asian peers, says Goldman Sachs. The bottomlines of its ex-port-dependent companies could be more exposed to
      364 words
    • 571 15  - Eurozone worries replace Wall St concerns for now stocks| R Sivanithy sivan@sph.com.sg Senior correspondent IF IT isn’t the US economy, it’s Europe and its sovereign debt problems. Fortunately for the bulls, prolonged and consistent verbal assurances from euro governments ahead of yesterday’s meeting of finance ministers in Poland that all
      571 words
    • 110 15 VOL CLOSE GoldenAgri 98,248 68.5 2.0 3.0 GentingSP 80,330 168.5 -0.5 -0.3 Sunmoon 52,400 0.2 0.0 0.0 ShengSiong 50,936 45.5 -0.5 -1.1 HanKore 36,986 5.1 0.6 13.3 PSLHldgs 34,433 30 0.5 1.7 SingTel 34,404 306 -4.0 -1.3 Yangzijiang 31,348 102.5 -1.0 -1.0 STXOSV 30,891 123 -10.0 -7.5
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    • 66 15 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 438.0 3.3 IS DJ US Tech 6020 362.3 5.1 IS S&P500 ***** 295.3 2.0 DBXT E50 10US$ 3242 233.3 6.2 DBXT MSKorea 10US$ 5202 199.8 3.2 DBXT MSUSA 10US$ 2914 188.6 5.5 DBXT STGLDv100 10US$ 2641 137.7 4.4 DBXT S&P500
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    • 65 15 BY CENTS CLOSEDOWN GLD 10US$ ***** -421.9 -1.9 Lyxor AsiaMT 10US$ 5584 -110.4 -1.6 Lyxor AsiaCS 10US$ 5191 -95.5 -1.5 Lyxor EmergingMkts 1 975 -93.1 -7.1 Lyxor LatinAmerica 1 745 -72.0 -7.2 DBXT FTVietnam 10US$ 2651 -62.0 -1.9 DBXT S&P Short 10US$ 4483 -57.1 -1.0 DBXT DBLCI-OY 5US$
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    • 109 15 Stock name Close Change CapMallsAsia 1.290 +0.005 CapitaLand 2.540 -0.010 CapitaMall 1.935 +0.070 CityDev 9.960 -0.020 ComfortDelGro 1.330 +0.005 DBS Grp 12.630 +0.260 F&N 5.850 +0.080 GLP 1.770 +0.085 Genting SP 1.685 -0.005 Golden Agri 0.685 +0.020 HK Land 5.100 +0.200 JMH 50.260 +0.360 JSH 27.900 +0.280 Jardine
      109 words
    • 319 15 Bloomberg London LESS than a fifth of hedge-fund investors plan to withdraw money from the pools even after the industry had its worst month in more than a year, a Deutsche Bank survey found. About 17 per cent of
      Bloomberg  -  319 words

  • Page 13 Advertisements
    • 193 13 Gold finds support and breaks resistance? S A X 0 hart GOLDcont v Customize Daily v CandtMtick v| Update e J 1 Seize the opportunities. Seize the opportunities with Saxo: Trade Gold 'Live' with spot, futures and CFDs §> Trade Gold-related equities and ETFs/ETCs Tight pricing Seize the opportunities and
      193 words


  • Page 15 Advertisements
    • 183 15 FLIGHT CENTRE Red Hot Airfares on SALE Economy return from Economy return from Bali $515* Cambodia $615* INCLUDES Return airfare 3 nights accom in a INCLUDES Return airfare 3 nights accom at 2-Bedroom Pool Villa at Pat-Mase Villas, daily Hotel Cambodiana or Phnom Penh Hotel, daily breakfast and return airport
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  • FROM THE DESK OF
    • 1095 16  -  Increased capital adequacy is only part of the solution. Greater protection is needed, given the fast and wide impact of financial crises today from the desk of Dan McConaghy President, FICO Asia Pacific ON Sept 12, 2010, the Basel Committee on Banking Supervision announced Basel III, a
      1,095 words

  • SINGAPORE
    • 581 17  -  Slight dip in August due to cooler weather and the data hold no bearish signals, say industry players By Ronnie Lim ronnie@sph.com.sg FROM a weak start to the year, latest data shows that Singapore’s average electricity demand has picked up about 6 per cent
      581 words
    • 498 17  -  By Mindy Tan tanmindy@sph.com.sg GENDER diversification within organisations is important, but not to the extent of issuing a quota. Answering a question posed by an audience member on whether or not senior management should be given audited targets for achieving gender diversification,
      498 words
    • 207 17 THE Ministry of Trade and Industry (MTI) and the National Research and Development department under the Prime Minister’s Office will soon get new permanent secretaries. On Oct 1, Ow Foong Pheng will become MTI’s new permanent secretary. She vacates the role
      207 words
    • 377 18  -  They have beaten more than 60 others to win accolades in their respective industries; one of them will be chosen to represent S’pore By Joyce Hooi joyceh@sph.com.sg FOUR individuals have beaten more than 60 others to be crowned Ernst Young Entrepreneur Of The Year in
      377 words
    • 198 18 ON his 88th birthday yesterday, former prime minister Lee Kuan Yew launched the Chinese edition of the best-selling book, Lee Kuan Yew: Hard Truths To Keep Singapore Going. The book is based on 16 interviews with Mr Lee, during which he
      LIANHE ZAOBAO  -  198 words
    • 523 18  -  By Grace Leong gleong@sph.com.sg FORMER Macau CEO Steven Jacobs, who is waging a legal battle with Las Vegas Sands (LVS) and its Macau unit over his alleged wrongful termination and unpaid stock options, is now accused of stealing massive amounts of confidential company
      523 words


  • WORLD
    • 671 19 Since NYSE Euronext-Deutsche Boerse merger in Feb, the US$9.5b pact’s value has fallen by 21% Bloomberg New York DUNCAN Niederauer’s embrace of Deutsche Boerse AG is transforming NYSE Euronext’s “merger of equals” into the worst takeover in America. Since the owner of the New York
      Bloomberg; REUTERS  -  671 words
    • 515 19 Bloomberg Washington THE Internal Revenue Service has taken in a total of US$2.7 billion from holders of offshore bank accounts, the agency said as it announced that 12,000 taxpayers responded to the second round of a partial amnesty programme. IRS commissioner Douglas
      Bloomberg  -  515 words
    • 405 20 Investment rises 17.7% to US$77.6b in first 8 months of 2011 Bloomberg Shanghai FOREIGN direct investment (FDI) in China climbed 11.1 per cent in August from a year er,asthenation’sgrowthencourages companies from Volkswagen AG to Caterpillar Inc to expand. Investment from overseas
      Bloomberg; BLOOMBERG  -  405 words
    • 395 20 Bloomberg Hong Kong CITIC Securities Co will attempt Hong Kong’s biggest initial share sale since June, testing demand for new shares after the city’s benchmark index dropped 11 per cent in three months. China’s largest brokerage by market value is seeking to raise
      Bloomberg  -  395 words
    • 348 20 Bloomberg London MYSTERY suitors for UK companies will be forced to declare themselves next week as regulators implement stricter guidelines to increase transparency and protect shareholders. Bidders for seven companies, including Central Rand Gold Ltd and CryptoLogic Ltd, will have to
      Bloomberg  -  348 words
    • 678 21 Bank in turmoil as ratings agencies warn lax risk management could prompt downgrades Reuters Bloomberg NYT London BRITISH police charged UBS trader Kweku Adoboli with fraud yesterday, a day after the Swiss bank said it had lost about US$2 billion in unauthorised trades, plunging
      Reuters; Bloomberg; NYT; BLOOMBERG  -  678 words
    • 588 21 AFP Mumbai INDIA’S central bank yesterday raised interest rates for the 12th time in 18 months to combat near double-digit inflation, despite signs of slowing economic growth. The Reserve Bank of India (RBI) raised its repo rate, at which it lends
      AFP  -  588 words
    • 593 22 US economy is at stall speed and needs a dose of stimulus, add top bankers Reuters Bloomberg New York EUROPE must take immediate and decisive action to safeguard its banking system, while the US economy is at stall speed and needs a dose of
      Reuters; Bloomberg; AP  -  593 words
    • 460 22 Bloomberg Frankfurt BETS on German credit quality overtook those on Spain for the first time in a year as the mounting cost of bailing out the region’s most indebted nations infects Europe’s largest economy. The net amount of German debt
      Bloomberg  -  460 words
    • 337 22 Bloomberg Berlin VOLKSWAGEN AG will invest a record 62.4 billion euros (S$106.5 billion) over the next five years to underpin its goal of becoming the world’s largest carmaker. The supervisory board voted yesterday to approve the spending on plants, vehicles and
      Bloomberg  -  337 words
  • Page 19 Advertisements
    • 27 19 r r.wsxji SiliREETiliEAM Catdn the S1JHFMT Street Team to win ■wan. TUNE IN TO LISTEN FOR STREET TEAM LOCATIONS AND TRACK THEM DOWN TO GRAB THE CODEWORD!
      27 words

  • Page 20 Advertisements
    • 35 20 Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! EastmanChemicalSingaporeislookingfor Chemical Engineers ThePrimaGrouphasapositionopenfora Brand Officer CWTGlobelink hasavacancyfora Senior Group Accountant FederalExpressisrecruitinga Manager, Operations HarveyNormanishiringa Marketing Executive
      35 words






  • SGX
    • 9818 26 Transaction date: Sep 16 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 $mil 21 12 8Telecom 12.5 unch 530 12.5 12.5 12.5 15.5 7.8 4.9 2.6 59.9 9.5 4.5 A-Sonic 5 5 5.5 2.6
      9,818 words
    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 5 0 0 0 8 2 5 Manufacturing 60 39 38 4 7 5 64 46 43 Commerce 24 15 18 4 2 5 28 17 23 Tpt/Stor/Comms 22 12 10
      186 words
    • 839 26 For week beginning Sep 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) C&O Pharm Tech 15-Sep-11 Song Ming Sell ***** 0.50 ***** 1.79 0 0.00 C&G Env Protect Hldgs
      839 words
    • 121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 38,169 38,169 145,453 145,453 Manufacturing 171,136 9,060 180,196 200,976 197 201,173 Commerce 174,172 2,788 176,960 152,930 177 153,108 Tpt/Stor/Comms 143,948 2,102 146,050 241,349 144 241,492 Finance 24,309 270 24,579 247,397 58 247,455 Construction 50,807 2,776
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    • 75 27 Sep 15 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 112.65 3.48 WTI (Near Mth) 89.28 0.42 Dubai (1-Mth F) 107.06 1.93 Tapis blend 121.74 1.98 Minas 115.79 1.98 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.11 0.50 Jet Kerosene 123.70 1.10 US$/barrel Opec Oil Basket Price
      75 words
    • 119 27 Sep 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.313 1.251 Can dollar 1.286 1.237 Euro 1.757 1.69 Sterling pound 2 1.924 NZ dollar 1.052 1.002 US dollar 1.262 1.214 Local dollars to 100 units of foreign currency: Currencies Sell
      119 words
    • 101 27 Sep 16 TREASURY BILLS Period Issue. Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 15.12.2011 0.19 1-YearAug BY*****X81.001 02.05.*****79.20 0.197.4 Sep-11 9042.00 8842.00 8995.00 8815 Oct-11 85.76 85.04 85.44 85.17 Aug-11 181.00 178.50 179.20 177.4 Sep-11 180.60 178.00 179.00 176.2 GOVERNMENT BONDS Period Issue Coupon Maturity Close
      101 words
    • 154 27 Sep 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2821 1.2827 1.0333 1.0336 Canadian dollar 1.2592 1.2602 1.0148 1.0154 Euro 1.7114 1.7121 1.3793 1.3796 NZ dollar 1.0242 1.0246 0.8254 0.8256 Sterling pound 1.9560 1.9567 1.5764 1.5767
      154 words
    • 108 27 As on 15 SEPTEMBER 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Silver DEC-11 40.355 39.645 39.935 40.545 Gold DEC-11 1818.70 1780.00 1791.60 1826.7 CURRENCY GBP-US Dollar SEP-11 1.5775 1.5745 1.5770 1.5785 Euro-US Dollar SEP-11 1.3932 1.3707 1.3891 1.3768 US
      108 words
    • Article, Illustration
      88 27 YTD change:-12.57% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,680.83 on Aug 22,2011 Source: Bloomberg YTD change:-15.54% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,627.60 on Sept 14,2011 Source: Bloomberg YTD change: -1.25% 52-week high: 12,876.00 on May 2,2011 52-week low: 10,522.40 on Sept 16,2010 (Chart
      Source: Bloomberg  -  88 words
    • 67 27 Sep 16 GOLD (US$/oz) Sep 16 Sep 15 Hong Kong 1777.*****3.00 Sep 15 Sep 14 London 1774.*****1.89 1777.*****3.40 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 49.92 49.38 Source: UOB PLATINUM Lon (US$/oz) Sep 15 Close Previous PM Fix 1792.*****5.50 AM Fix 1800.*****1.00 Source: Thomson Reuters PLATINUM NYMEX
      67 words
    • 82 27 Sep 15 COCOA (£/tonne) Close Prev High/Low Sep 11 1782 1786 1786/1775 Dec 11 1812 1823 1826/1807 Mar 12 1843 1854 1856/1838 May 12 1858 1870 1870/1854 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2012 2050 2041/2023 Nov 11 2048 2086 2082/2045 Jan 12 2074 2110 2108/2073 Mar 12
      82 words
    • 53 27 Sep 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3105 1456 Oct 11 3082 3099 3116 3079 2646 8090 Nov 11 3047 3078 3087 3036 ***** ***** Dec 11 3040 3070 3079 3029 9398 *****
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    • 93 27 Sep 15 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 11 1358.*****4.*****7.*****6.50 Nov 11 1370.*****2.*****7.*****8.00 Jan 12 1378.*****3.*****3.*****5.50 Mar 12 1382.*****0.*****7.*****0.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Sep 11 56.22 56.75 57.06 56.04 Oct 11 56.55 56.78 57.39 56.36 Dec 11 56.70 57.10 57.52
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    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 15 Index Change Change Change Change Change Change World Index Preliminary 804.5 1.3 -10.4 1.3 -11.7 1.7 -9.0 ‡EAFE Preliminary 666.9 2.0 -16.7 2.4 -16.6 2.7 -14.1 Europe Preliminary 974.4 2.3
      374 words
    • 72 27 Sep 15 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2340.35 2324.00 3 months 2374.00 2359.00 Copper, Grade A (US$/tonne) Cash 8686.25 8603.25 3 months 8711.00 8630.00 Lead (US$/tonne) Cash 2403.75 2360.75 3 months 2385.50 2343.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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  • PERSPECTIVE
    • 916 28 / 29  -  Practitioners of ‘trivial journalism’ widespread in Britain and Japan should be subjected to a ‘Cultural Revolution’ to widen their narrow professional horizons Anthony Rowley Tokyo correspondent AS I WATCH (from afar) the antics of the Murdoch press in Britain and (at close quarters) the
      AFP  -  916 words
    • 786 28 / 29  -  Robert Samuelson The Washington Post Writers Group WE NEED a refresher course in Job Creation 101 to judge how much, if at all, President Barack Obama’s proposed US$447 billion programme of spending increases and tax cuts might revive America’s sputtering job machine. Recall that
      The Washington Post Writers Group  -  786 words

  • Wealth
    • WEALTH INVESTING
      • 1362 30 / 31  -  Trading coach Daryl Guppy advocates the use of technical analysis and simple charting tools to help investors manoeuvre volatile markets. By Genevieve Cua gen@sph.com.sg PUNDITS often dismiss the remark that “this time it’s ent”,buttechnicalanalyst and trading coach Daryl Guppy believes markets have changed dramatically since
        1,362 words
      • BROKERS' TAKE
        • 376 30 / 31 Sector Neutral OCBC Investment Research Sept 16 AFTER a varied month for retail sales in June, July saw a 10.9 per cent y-o-y and 2.1 per cent m-o-m (seasonally adjusted) increase in retail sales. Excluding the heavily weighted motor vehicles segment, retail sales climbed 10.4 per cent y-o-y
          376 words
        • 404 30 / 31  - Keppel Land Buy DBS Group Research Sept 16 Compiled by Conrad Tan AUGUST primary home sales continued to hold up despite being a traditionally slow month, on moderated price movements, amid growing economic uncertainties. Home sales excluding executive condominiums (ECs) stood at 1,384 units, a marginal 3.6 per cent m-o-m
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    • 1060 32  -  Key to achieving this state is to have an investment strategy that incorporates proper asset allocation and diversification wealth insights Amanda Chen Morgan Stanley ~The writer is managing director, Private Wealth Management, Singapore, Morgan Stanley AS I sit at an alfresco cafe in Rome,
      STOCK.XCHNG  -  1,060 words
    • 1054 33  -  show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder IN response to the article last week on the merits of sector rotation, a reader wrote in and said: “I would say that to rotate between sectors is generally
      1,054 words
    • WEALTH REAL ESTATE





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    • 59 1 LivingTHEBUSINESSTIMESWEEKEND|SEPTEMBER17-*****1BTTHE BUSINESS TIMES WEEKEND SEPTEMBER 17-18 2011 DINING A chef's tour L6-8 BAR HOP Professionals make a career switch to ply the drinks trade STYLE For love of the craft L10-12 BT CORPORATE GOLF Bonding is par for the course L17 GADGETS Aural pleasure L14 DESIGN Garden state L9 PHOTO:
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  • BT Living
    • TRENDS
      • 866 2 / 3  -  Armed with insights from previous jobs, a clutch of professionals from non-F&B backgrounds are making first forays into the drinks scene here. By Debbie Yong debyong@sph.com.sg THE problem with mixing business with pleasure, it seems, is that it could potentially take away all the pleasure. “The wine business
        866 words
      • 740 2 / 3 Absinthe Artisan 60A Boat Quay Z6535 0838 Open Mon-Thu 6-11.30pm, Fri-Sat 6pm-1am IT is probably the only drinking spot in Singapore with a “sober room”. Tucked in the back room of Absinthe Artisan, a sec-ond-floor bar along Boat Quay, is a reclining chair for
        ALL PHOTOS BY YEN MENG JIIN EXCEPT VERRE  -  740 words
      • 648 4 / 5 Verre Wine Bar 8 Rodyk Street, #01-05/06 Z6509-1917 Open Tue-Sun 5pm to 12am IT would not be a surprise if McDonalds started producing McWine. This, at least, wasMelvinTan’srailagainstthecommodification of wine these days. “Thereare an increasing number of big wine labels, much like the McDonalds of wine that,
        648 words
      • 698 4 / 5 Tok Gong Wine Bar Upper level lounge, TAB, Orchard Hotel, 442 Orchard Road #02-29 Z6493-6952 Open Wed 6-11 pm WHAT do you get when you put an ophthalmologist, an investment banker and a statutory board assistant director together? Answer: A pop-up wine bar. Surprised?
        698 words
    • DINING
      • Article, Illustration
        1139 6 / 7  -  veteran chefs strike out withnew concets in Sinao By Jaime Ee CHEFS open restaurants for a whole lot of reasons: independence, individual creativity, show off what they learnt as unpaid help at Michelin-starred restaurants, the promise of fame and hopefully, lots of money. Then along comes a
        ARTHUR LEE  -  1,139 words
      • Article, Illustration
        838 6 / 7 THE aunties outside the glass doors are waving at Eric Teo as they go by. He waves back. He doesn’t know them. “I’m a celebrity,” he grins. The women have seen him on TV, in the highly-rated Chinese reality show Buzzing Cashier, which saw the former
        YEN MENG JIIN  -  838 words
      • 528 8 jaime@sph.com.sg AS far as Michelin-starred chefs go, Laurent Peugeot is a pretty regular sight in Singapore. His name pops up regularly at the Hilton Singapore, where his guest chef promotions have been well-subscribed to the point that he had regulars who would faithfully show up every
        528 words
      • 591 8  -  By Richard Vines Bloomberg DINNER by Heston Blumenthal was last week named London’s best new restaurant by the Zagat Guide, beating competition from other leading chefs in a year when the cost of eating out jumped 6.3 per cent, the most in
        Bloomberg  -  591 words
    • DESIGN
      • Article, Illustration
        947 9  -  Marina Bay Sands architect Moshe Safdie hopes to bring his garden-in-the-sky concept to Bishan Central. By Debbie Yong debyong@sph.com.sg HE MAY not be a Singaporean, but Moshe Safdie has worked here often enough to embrace at least one of the local truisms: If you want an honest opinion,
        947 words
    • STYLE
      • 17 10/11 Four design houses share their passion and philosophies with BT Weekend
        17 words
      • 660 10/11  -  Alfred Dunhill By Melissa Lwee-Ramsay mellwee@sph.com.sg WHEN Alfred Dunhill master tailor Jonathan Payne first came to Singapore three years ago, the first thing he noticed was how little interest there was among local consumers in the label’s made-to-measure programme. But fast forward to today “I’m
        660 words
      • Article, Illustration
        659 10/11  -  Hermes By Debbie Yong debyong@sph.com.sg THE chicly dressed 25-year-old answered each question with the effervescence shared by her crowd of curious onlookers. Hardly what you’d expect of an artisan with a revered 174-year-old French brand. “You were hoping to see an old man with a moustache?” Eloise
        659 words
      • 884 10/11  -  George Cleverley By Melissa Lwee-Ramsay mellwee@sph.com.sg IT is Tuesday evening at a Four Seasons Hotel suite and dapper-looking men are swirling their tumblers of whiskey while perusing a range of exquisite footwear from English bespoke label George Cleverley. But the real star of the soiree apart from
        884 words
      • 581 12  -  Gucci By Felda Chay feldac@sph.com.sg THE owners of Gucci’s leather bags and shoes have it made hand-made, that is. Followers of the 90-year-old grand dame of luxury fashion in Singapore got a full picture of what that really means recently, as a band of artisans
        581 words
      • 627 13  -  Louis Vuitton’s latest Maison promises to be an adventure for shoppers. By Dylan Tan dylantan@sph.com.sg IT’S not every day that one can take one’s boat out shopping but if that fancy ever hits you, be sure to make the new Louis Vuitton Island Maison at Marina
        PHOTOS BY YEN MENG JIIN  -  627 words
    • GADGETS
      • Article, Illustration
        525 14  -  Finally, convenient in-ear headphones that are washable, cancel noise, and come in audiophile varieties. By Christopher Lim limchris@sph.com.sg Sony XBA-S65 waterproof headphones (left) $89 IN the past, if you wanted to run in the rain while listening to music through headphones, you would have to endure rudimentary sound
        525 words
    • HEALTH
      • 919 15  -  Scientists gather evidence pointing to stress and diets high in sugar as triggers for breakouts in grown-ups. By Cheah Ui-Hoon FOR a long time, acne was seen as a er’snightmare,butdermatologists have found that more than 20 to 25 per cent of women continue to have acne
        FILE PHOTO  -  919 words
    • SPORT
      • 600 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor BY default, any game between Manchester United and Chelsea the teams that finished in the top two positions last season is guaranteed top-billing over the weekend. This Sunday, however, the heavyweight clash at Old Trafford will
        AFP  -  600 words
      • 539 16  -  grand slam with colette wong btnews@sph.com.sg THERE were cries of blue murder. Disbelief. Screams of outrage and indignation. This was the scene in the office as I walked in this past Tuesday. My colleagues were up in arms as news trickled in that Serena Williams
        539 words
    • BT CORPORATE GOLF LEAGUE 2011
      • 667 17  -  Team Cerebos had such a blast last year that they are back for more golfing bonhomie.By bonhomie.By Justine Moss AFTER yesterday’s fourth round of the Business Times Corporate Golf League at Seletar Country Club, Dream Team (OAAG)–lastyear’s champions are holding the top spot with
        667 words
      • 433 17  -  By Justine Moss btnews@sph.com.sg ANOTHER returning team this year is DBS Vickers who is currently lying in 14th tion.“We,andourguestshadagoodexperience last year, and were looking forward to this year’s League. “I do believe that we were one of the early birds. It’s a good platform to
        433 words
    • MOTORING
      • 582 18  -  The BMW 535i Touring has a pleasing combination of style and performance. By Samuel Ee samuelee@sph.com.sg PART family sedan, part load lugger and all executive express. Like the BMW 535i sedan, the BMW 535i Touring has a three-litre turbocharged engine driving the rear wheels for speedy
        582 words
      • 910 19  -  Highlights from the world’s largest auto show. By Samuel Ee samuelee@sph.com.sg WHO would have expected the biennial Frankfurt Motor Show to suddenly open smack in the middle of a Eurozone crisis? Especially when German car factories have been humming at autobahn speeds all year long. The 64th
        910 words
      • Article, Illustration
        379 20  -  Malaysia’s Sepang circuit will see some exciting action this weekend with Audi’s flurry of activities. By Samuel Ee samuelee@sph.com.sg AUDI’S explosive and historically significant 2.5-litre inline-five engine has found its way into another souped up model the Audi RS3 Sportback. This five-cylinder firecracker with forced induction first
        379 words
      • 312 20  -  By Samuel Ee THE Audi Driving Experience is well-known for providing enthusiasts with the opportunity to experience the German carmaker’s high-performance S and RS models on a race track under the guidance of professional Audi driving instructors. Butthis year’sprogrammeisslightlydifferent Audi is still holding it at the
        312 words
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    • 925 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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