The Business Times, 24 September 2011
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2011-09-24
1
20
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section12 2011-09-24 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/201112 words
-
Article35 2011-09-24 1 Local banks to slash savings rates DBS Bank, OCBC Bank and UOB will offer a mere 0.05 per cent come October, even as HSBC and Stanchart dish out promotional bonus interest rates. 235 words
-
Article30 2011-09-24 1 Inflation hike spells hard decisions WEIGHING soaring prices against stalling global growth, economists now expect the Monetary Authority of Singapore to stage a gentle easing next month. 430 words
-
Article24 2011-09-24 1 A McLaren factory in Singapore? SHOULD it come to pass, it’ll probably be because billionaire Peter Lim is a major shareholder. 824 words
-
Article37 2011-09-24 1 Swiber soars on order book boost THE counter bucks market trend, gaining by up to 5 per cent on news that its order book is close to US$1 billion, the highest in its history. 1537 words
-
684 2011-09-24 1 Conrad Tan - From Asia to Europe, markets again struggle to cope as investors continue to flee risk assets By Conrad Tan conradt@sph.com.sg Singapore RISK assets continued their worldwide sell-off yesterday after a week of unremitting bad news that suggested a rapidly darkening outlook for the684 words
-
Article, Illustration652 2011-09-24 1 Nisha Ramchandani - Diamond-set gets wooed over F1 glitz By Nisha Ramchandani nishar@sph.com.sg Singapore HOW about some (50-carat) ice to go with that champagne? As the diamond-flashing set takes in the Formula One (F1) weekend, other attractions are vying for attention. Sotheby’s Diamonds a jointSOTHEBY’S DIAMONDS - 652 words
-
Page 1 Advertisements
-
Advertisement25 2011-09-24 1 the business www.businesstimes.com.sg the raffles conversation CAREER DIPLOMAT BARRY DESKER 12-13 LIVING A glimpse behind the curtain into the isolationist state of North Korea L2-425 words
-
Advertisement12 2011-09-24 1 SHOW ME THE MONEY When dollars and cents make little sense 3712 words
-
Advertisement4 2011-09-24 1 DINING Husband-and-wife teams L6-74 words
-
-
TOP STORIES
-
530 2011-09-24 2 Siow Li Sen - Local banks to cut interest rates to as low as 0.05% as environment weakens further B y Siow Li Sen lisen@sph.com.sg Singapore THE three local banks will halve interest rates for savers to a mere 0.05 per cent come October in an530 words
-
705 2011-09-24 4 Teh Shi Ning - Monetary policy will have to balance risk of high prices against faltering global growth By Teh Shi Ning tshining@sph.com.sg Singapore AUGUST’s higher inflation, the sliding Singapore dollar and fresh fears of a global recession may mean a more challenging monetary policy decision come mid-October.705 words
-
Article140 2011-09-24 4 H STI 2,698.80 (-21.73) H STI FUTURES 2,699.00 (-22) H SIMSCI 311.69 (-0.56) G SIMSCI FUTURES 311.50 (+0.10) STOCKS Friday Change KL COMP 1,365.94 -21.87 NIKKEI 225 8,560.26 -180.90 HANG SENG 17,668.83 -243.12 SET 958.16 -32.43 JAKARTA 3,426.35 +57.20 MANILA 3,885.96 -210.14 KOSPI 1,697.44 -103.11 SHENZHEN B 556.32 -12.70140 words
-
Article, Illustration791 2011-09-24 6 Anthony Rowley - Exit from the problem still possible but path is narrower now than in 2008-09: IMF chief By Anthony Rowley btworld@sph.com.sg Washington THERE is still a way out of the renewed crisis which the world’s advanced economies have plunged into but “the pathREUTERS - 791 words
-
Article, Illustration716 2011-09-24 8 Samuel Ee - McLaren says its Asia-Pacific network will be managed by its Singapore-based subsidiary By Samuel Ee samuelee@sph.com.sg Singapore ONE of the two new factories McLaren plans to invest in as it grows its automotive and applied technologies business could well be located in Singapore, thanks716 words
-
515 2011-09-24 8 Bloomberg London BNP Paribas SA and Societe Generale SA, France’s two largest banks, are trimming about 300 billion euros (S$525.6 billion) off their balance sheets as Europe’s deepening debt crisis threatens to make them too big to save. At the endBloomberg - 515 words
-
441 2011-09-24 10 Swiss bank now under pressure to downsize risky trading activities and protect core private banking business Reuters Singapore THE board of UBS met yesterday amid the glamour of Singapore’s Grand Prix event to decide the future of its scandal-hit investment bank andReuters - 441 words
-
Article, Illustration525 2011-09-24 10 Reuters Milan EVER since he joined UBS in April, Sergio Ermotti has been touted as the CEO-in-waiting for whenever Oswald Gruebel decides to step down. That moment looks set to come sooner rather than later now that German chief Mr Gruebel, 67, is facing calls toReuters; REUTERS - 525 words
-
-
Page 2 Advertisements
-
Advertisement97 2011-09-24 2 Internationalism Innovation Independence We are a local international high school offering a six-year programme that prepares students for the IGCSE and the IB Diploma HCISOPENHOUSE2011 We offer admission to: Primary Six students who completed PSLE to join our Secondary One classes Secondary Three students with good academic results to join97 words
-
-
Page 3 Advertisements
-
Advertisement51 2011-09-24 3 o o Z) Icr Ld > yyyyy***** a y77J v *m v.* /y/y•*■ VERTU HANDCRAFTED HIGH PERFORMANCE CONSTELLATION QUEST CARBON FIBRE LIFE. BEAUTIFULLY ARRANGED. #01-02, Mandarin Gallery +65 6235 1810, #02-05, ION Orchard +65 6509 8878 #B 1 -91 Marina Bay Sands +65 6688 7887, #02-05, Resorts World Sentosa +6551 words
-
-
Page 4 Advertisements
-
Advertisement346 2011-09-24 4 CONTENTS NEWS Top Stories 2-108 Week in Review 11 Raffles Conversation 12-13 Companies 14-17 From The Desk Of 18 Singapore 19-20 World 21-24 Stocks Stats 25-29 Perspective 30-31 Wealth 32-39 Show Me The Money 37 Househunt 38 Real Estate 39 LIVING Travel L2-4 Dining L5-7 Weekend With L8 Style L9-11346 words
-
-
Page 5 Advertisements
-
Advertisement216 2011-09-24 5 w r STRE NGTH 111 THE ARTS Cindy Panq, 32, Beneficiary of Expressive Arts U Cindy Pang, 32, Beneficiary of Exp 'Jt WfZ. When Cindy first started experiencing headaches, movement difficulties, tremors and other ailments, she never expected to be diagnosed with a rare disease called Hashimoto's Encephalopathy. Besides her216 words
-
-
Page 6 Advertisements
-
Advertisement22 2011-09-24 6 h-wl JACKPOT V f v. CO < THIS MONDAY m 18 For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit I SINGAPORE m22 words
-
-
Page 7 Advertisements
-
Advertisement194 2011-09-24 7 THE STRAITS TIMES. jgjJU AI HA 'I 7> t Print. STRAITS TIMES. ($24.65 per month) A f «v Online H i®^ yj. 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 $2 more. •IS month. •lit*194 words
-
-
Page 9 Advertisements
-
Advertisement168 2011-09-24 9 THE TIME HAS COME m-jr. t kU jr v v>, r X fiHra'T o v*>,: 1 1» J v V l 1 V I i r„ l l /vr.'". r .T>. if— a '■>*•:... r\ Qjft 1 .«>? i *5: J it; n 1 4. i i Si v_ r168 words
-
-
Page 10 Advertisements
-
Advertisement189 2011-09-24 10 w BEATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUN WINN (SEA) PTE. LTD. (Company Registration No. *****4657C) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, that189 words
-
Advertisement273 2011-09-24 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LIFESIZE COMMUNICATIONS, PTE. LTD. ACRANO: *****1265R (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company deemed to have been held on 15 September 2011 at 10.30am, the following resolutions were duly passed:IT273 words
-
Advertisement0 2011-09-24 10 ^)+}[?@-.|)<"<.=,(-$):^>%!+}"%/0 words
-
-
WEEK IN REVIEW/WEEK AHEAD
-
THIS WEEK Sept 19-23, 2011
-
50 2011-09-24 11 BOUTIQUE corporate finance houses are being increasingly squeezed out of the IPO market amid a trend towards larger listings this year. Many have since gravitated towards other sources of revenue, such as independent financial advisory work, mergers and acquisitions, and fund-raising exercises.50 words
-
60 2011-09-24 11 THE first move was to go underground. And coming up shortly above water. Then, it’s going to be literally up in the air. Jurong Town Corporation will study the feasibility of having multi-tier storage tanks for oil and petrochemical products which is60 words
-
67 2011-09-24 11 AS many as 10,000 people ask for a copy of their credit report from Credit Bureau (Singapore) every month, and not all of them are doing it just out of curiosity. An increasing number of companies, especially those in the finance and gaming industries,67 words
-
47 2011-09-24 11 GLOBAL markets are encountering renewed turbulence on fears that European nations do not have the political will to solve the crisis in Greece and other weak eurozone nations. European shares and the euro fell on Monday following a brief rally last week.47 words
-
Article, Illustration77 2011-09-24 11 DESPITE the politely crafted public statement, the annoyance still comes across. The largest shareholder of UBS, the Government of Singapore Investment Corp has expressed “disappointment” to the board over the lapses relating to the US$2.3 billion loss from unauthorisedAP - 77 words
-
76 2011-09-24 11 RECENTLY released WikiLeaks memos criticise the Macau government for poor oversight of its gaming industry, which US government officials say is influenced by Chinese triads through Macau’s junket operators. While Las Vegas casino executives in Macau “carefully avoid public statements that imply76 words
-
50 2011-09-24 11 FROM January to August, the Sheriff’s Office saw 64 cases of ship arrest carried out, up from 49 last year. “The majority of the recent arrests 50-60 per cent have been primarily enforcements by banks. That’s every other ship,” said lawyer Durai Shunmugam.50 words
-
52 2011-09-24 11 THE smiles are getting wider at the place that offers to store valuables securely: Singapore FreePort. “Singapore FreePort has received more inquiries over the past six months on the storage of (precious metals). Tenants are already thinking of expansion plans,” said general manager52 words
-
43 2011-09-24 11 BUSINESS journal Bilan has reported that the search for someone to replace UBS chief executive Oswald Gruebel has begun, saying that he has been asked to leave. But UBS spokesman Christoph Meiersaid:“Thearticleis pure speculation.”43 words
-
66 2011-09-24 11 STOCK markets collapsed in a heap on Thursday as bad news about growth flew in from all parts of the globe. Fears of a double-dip recession were stoked by the sombre note from US policymakers on Wednesday that signalled significant66 words
-
48 2011-09-24 11 INVESTMENT sales of property have fallen dramatically this quarter, down 55 per cent to just $3.8 billion so far from $8.5 billion in Q2, as many investors hold back their purchases amid growing economic uncertainties, according to Savills Singapore.48 words
-
-
Article69 2011-09-24 11 US DATA Sept 26 August new home sales Sept 27 Sept consumer confidence Sept 28 Aug durable goods orders Sept 29 Q2 GDP SINGAPORE DATA Sept 26 August index of industrial production Sept 29 August producer and int’l trade price indices Sept 30 Q2 external69 words
-
-
Page 11 Miscellaneous
-
Miscellaneous333 2011-09-24 11 CRYPTIC CROSSWORD Across 1 Listen to the complete record; impartial judges must (4,4,5) 10 Speech from Love on the Dole? (7) 11 Poor visibility beginnings of rain and light wind (7) 12 Work at home? It’s murder! (2,2) 13 Cleric who may have a prior appointment (5) 14 The point333 words
-
Miscellaneous13 2011-09-24 11 SATURDAY with Ludwig ‘His car crashed but he’s determined to finish the race.’13 words
-
-
RAFFLES CONVERSATION
-
Article, Illustration2093 2011-09-24 12/13 Anna Teo - envoyCareer diplomat Barry Desker shares his candid accounts of a lifetime in the foreign service. By Anna Teo anna@sph.com.sg IN The Little Red Dot, a 2005 collection of essays by Singapore’spast andpresentdiplomats, Barry Desker recounted, in his piece titled Undiplomatic Wanderings through Indonesia, how, early in hisARTHUR LEE - 2,093 words
-
Article588 2011-09-24 12/13 SINGAPORE has “gone overboard” in building a network of free trade agreements (FTAs), which are but a “second best” option, in Barry Desker’s view. As chief executive officer of the then Trade Development Board (now IE Singapore) from 1994 to 2000, he beefed up588 words
-
-
COMPANIES
-
Article, Illustration533 2011-09-24 14 Ven Sreenivasan - stocks| Ven Sreenivasan ven@sph.com.sg Senior correspondent THESingaporemar-ket recovered from its lows yesterday but remained stuck in bear territory with stock prices struggling at mid-2010 levels. After plunging some 60 points to2,659.01earlyinthesessionfollowing the overnight tumble on Wall Street, the Straits Times Index recouped533 words
-
Article70 2011-09-24 14 BY CENTS CLOSE UP IS DJ US Tech 6020 378.3 5.1 DBXT S&P500 10US$ 1918 103.7 4.4 DBXT AUDMM 5AU$ ***** 55.9 0.2 DBXT S&P Short 10US$ 4723 31.1 0.5 SIA 1124 31.0 2.8 SIA 200 1122 28.0 2.6 DBXT MSINDO 10us$ 1289 18.1 1.1 Daiwa FT Shariah70 words
-
Article52 2011-09-24 14 BY CENTS CLOSEDOWN GLD 10US$ ***** -375.7 -1.7 DBXT DBCBDJUBS 10US$ 3423 -308.4 -6.5 JMH 4559 -281.1 -4.5 DBXT MSKorea 10US$ 4615 -220.3 -3.6 DBXT Nifty 10US$ ***** -169.7 -1.2 JSH 2520 -168.4 -4.9 Lyxor AsiaIT 10US$ 2153 -145.1 -4.9 IS S&P500 ***** -138.6 -0.9 Jardine C&C 371952 words
-
Article111 2011-09-24 14 VOL CLOSE GentingSP 138,651 163.5 1.0 0.6 GoldenAgri 99,289 66 -1.5 -2.2 NobleGrp 97,748 145.5 -5.0 -3.3 ShengSiong 37,709 43.5 -0.5 -1.1 SingTel 36,848 306 4.0 1.3 NexGenSCom 23,994 2 -0.1 -4.8 HPHTrust US$ 22,845 60.5 -1.3 -1.6 STXOSV 22,191 114.5 -4.5 -3.8 CapitaLand 19,072 253 1.0111 words
-
Article110 2011-09-24 14 Stock name Close Change CapMallsAsia 1.220 +0.010 CapitaLand 2.530 +0.010 CapitaMall 1.910 +0.020 CityDev 9.900 -0.050 ComfortDelGro 1.315 DBS Grp 12.070 -0.030 F&N 5.700 GLP 1.660 +0.010 Genting SP 1.635 +0.010 Golden Agri 0.660 -0.015 HK Land 4.600 -0.250 JMH 45.590 -2.170 JSH 25.200 -1.300 Jardine C&C 37.190110 words
-
Article, Illustration339 2011-09-24 14 Group says it would consider all markets including Singapore Reuters MCLAREN Group, which runs the Formula 1 team and recently entered the luxury sports car market, said yesterday that it would look at listing the company in five years and would considerReuters - 339 words
-
546 2011-09-24 15 Yeo Aiqi - CIMB sees two more projects worth US$177m in next 2 months By Yeo Aiqi yeoaiqi@sph.com.sg SHARES of Swiber Holdings bucked the trend yesterday, soaring up to about 5 per cent in price on news that its order book has surged close to546 words
-
1037 2011-09-24 16 Michelle Tan - hock lock siew| By Michelle Tan IF there is something that we should take with a pinch of salt, it would be stocks’ target prices as recommended by analysts. The last thing that we should do is to buy a stock simply because of1,037 words
-
362 2011-09-24 16 Teo Si Jia - Firm says it is still vulnerable to global economic situation By Teo Si Jia teosj@sph.com.sg SUNRIGHT Ltd, a provider and manufacturer of burn-in and test services, reported a 24 per cent slump in net profit to $4.66 million for the full year ended July362 words
-
448 2011-09-24 17 Carine Lee - Earlier rulings said both creditors given preferential treatment By Carine Lee carinel@sph.com.sg DBS Bank and Rabobank International will have to return S$10 million and US$2.7 million respectively to Jurong Technologies Industrial Corporation Ltd (JTIC) after the Court of Appeal dismissed their applications448 words
-
Business briefing
-
129 2011-09-24 17 TIGER Airways Holdings has signed a share subscription agreement and finalised other commercial agreements relating to its proposed purchase of a 33 per cent stake in PT Mandala Airlines of Indonesia. Tiger Airways’ investment in Mandala will be held through its wholly owned subsidiary129 words
-
86 2011-09-24 17 EUROPTRONIC Group Ltd will be selling a factory building at Shatoujiao Free Trade Zone in Shenzhen for 7.17 million yuan (S$1.46 million). The sale is expected to reap a gain of $888,000 for the company and strengthen its balance sheet. Using FY2010 to86 words
-
-
-
Page 15 Advertisements
-
Advertisement38 2011-09-24 15 ALLERGIES? SLEEP ON WATER! Waterbeds are made from hygienic vinyl and removable washable covers, preventing the accumulation of harmful dust mites and particles. FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-138138 words
-
Advertisement177 2011-09-24 15 o 20th |((v~ GovWare v_ Ministry of Home Affairs (Singapore) Presents Go vernmentWare SecurHy: Navigating the Brave New Cyber World Join us at this year's Premium Infocomm Security Conference as we celebrate the 20th anniversary of this event! 27-29 SEP 2011 Suntec Singapore International Convention Exhibition Centre -At The premium177 words
-
-
Page 17 Advertisements
-
Advertisement58 2011-09-24 17 We're 35! Andthetreat’sonus Tocelebrateour35thbirthdaywe’veteamedupwith exclusivepartnerstoofferyou–ourreaders–greatdining and getaway deals in October, November and December Be prepared to wine, dine and relax with us. THEBUSINESSTIMES THEBUSINESSTIMES th th 12 Anniversary Diningdeals Anniversary Getawaydeals weeksofgreatdeals inTheBusinessTimesWeekend startingnextSaturday,October1,2011 TheBusinessTimes'35thanniversarypartners: BintanResortsInternational,NirwanaGardensand BintanResort Ferries Brunetti CliffordandTheLandingPointatTheFullertonBay Hotel ConradCentennialSingapore HeatultraloungeatRoyalPlaza onScotts SummerPalaceatTheRegentSingapore Hostedonthe Patio JadeandTownRestaurantatTheFullertonHotel JiaWei ChineseRestaurantandFeast@EastBuffetRestaurantatGrandMercure58 words
-
-
FROM THE DESK OF
-
Article, Illustration783 2011-09-24 18 Su-Yen Wong - Certain core capabilities are essential for regional leaders to succeed a catalytic learning ability, a sense of adventure, an entrepreneurial spirit, and cultural adaptability from the desk of Su-Yen Wong Asean managing director of Mercer and Singapore Chairman of Marsh McLennan Companies CERTAINcorecapa-bilities are783 words
-
-
SINGAPORE
-
418 2011-09-24 19 Mindy Tan - Only 49% of 504 firms surveyed say that they intend to hire in H2 2011 By Mindy Tan tanmindy@sph.com.sg DUE to the current volatility in global markets, hiring in Singapore is slowing down, with only 49 per cent of companies polled intending418 words
-
Article, Illustration509 2011-09-24 19 Dolly Chia - By Dolly Chia dchia@sph.com.sg JUST as every second counts in an F1 race, every second counts the moment a sick child is put into an ambulance. McLaren Electronic Systems’ M2M (Machine-to-Machine) technology has worked well in transmitting reams of critical data during Formula One races,509 words
-
Article672 2011-09-24 19 Jamie Lee - saturday soapbox| By Jamie Lee ~leejamie@sph.com.sg BREAKINGnews:this paper hasgoneviral. But there’sno marketing blitz. Quite the opposite, really. We’ve fallen sick. A particular strain of flu hit the office this week, and staff started dropping like flies. The chorus in the office would have driven a672 words
-
Article, Illustration520 2011-09-24 20 Hamilton, quickest in the opening session, comes third ahead of Massa AFP Reuters CHAMPIONSHIP-CHAS-ING German Sebastian Vettel topped the times in yesterday’s second free practice session ahead of this weekend’spotentially decisive Singapore Grand Prix. The 24-year-old Red Bull driver clocked the fastest lapAFP; Reuters; REUTERS - 520 words
-
Article266 2011-09-24 20 BORDERS Singapore has launched a bargain-basement 70 per cent off sale at its Parkway Parade premises, as it prepares to close its shutters once and for all at 9pm on Monday. On Wednesday, Borders USA terminated the brand licence agreement with Borders Singapore, giving266 words
-
231 2011-09-24 20 SINGAPORE and Japan will cooperate to strengthen business ties in the creative industries. Singapore’s Minister for Information, Communications and the Arts Yaacob Ibrahim and Japan’s Minister of Economy, Trade and Industry Yukio Edano have reached a common understanding that globalisation231 words
-
-
Page 20 Advertisements
-
Advertisement64 2011-09-24 20 RECRUIT Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! Gallery Hotel has a vacancy for a Marketing Communications Manager NTUC Fairprice Group has a position open for a Fresh Food Task Force Executive Wincor Nixdorfis recruiting a Project Manager NYDC64 words
-
-
WORLD
-
Article, Illustration416 2011-09-24 21 They will help where they can in the sovereign debt crisis but say that the ultimate solution rests with Europe itself Bloomberg Washington OFFICIALS from China and Japan, the world’s second and third-biggest economies, indicated that their support for EuropeBloomberg - 416 words
-
358 2011-09-24 21 Bank under probe for loan extensions, improper lending AFP Seoul THE head of a major South Korean savings bank was found dead yesterday in an apparent suicide after investigators raided his office as part of a probe into illegal dealings atAFP - 358 words
-
291 2011-09-24 21 Caesars brand coming to Asia-Pac with a resort in China AP Las Vegas CASINO operator Caesars Entertainment Corp plans to build a 1,000-room non-gam-bling luxury resort Caesars Palace Longmu Bay on the southern Chinese island of Hainan. In announcements in the United States and China coinciding with a Friday groundbreaking,AP - 291 words
-
Article, Illustration698 2011-09-24 22 Company will go ahead with acquisition of Autonomy Corp, explore spinning off PC unit Bloomberg San Francisco HEWLETT-PACKARD Co chief executive officer Meg Whitman plans to stick by strategies set in motion by her predecessor, Leo Apotheker, betting that investors prefer steady leadershipBloomberg; PHOTOS: REUTERS, AP - 698 words
-
497 2011-09-24 22 Plan will provide at most a small boost to economy: economists Bloomberg Washington THE Federal Reserve’s plan to buy longer-term Treasuries has succeeded in bringing down interest rates while not convincing investors the unorthodox monetary policy will strengthen economic growth. Stocks fell forBloomberg - 497 words
-
Article, Illustration708 2011-09-24 23 Industry professionals, headhunters expect more firing rounds to come Reuters Hong Kong FIRINGS are picking up pace at foreign banks across Asia, with industry professionals and headhunters saying that more rounds are set to come. Since the 2008 financial crisis, Asia’s rapid economicReuters; REUTERS - 708 words
-
Article431 2011-09-24 23 AP Frankfurt THE European Central Bank (ECB) is facing mounting pressure to cut interest rates soon amid growing signs that the eurozone economy could slide into recession. Economists said yesterday that the quickly worsening economic outlook could push the bank to take back theAP - 431 words
-
270 2011-09-24 23 Reuters Washington US Treasury Secretary Timothy Geithner said that China is holding to its decades-old strategy to steal American intellectual property, in a pointed statement reflecting US officials’ growing impatience with Beijing. “They(China)havemadepossible systematic stealing of intellectual property of American companies and have notReuters - 270 words
-
Article, Illustration439 2011-09-24 24 G-20 pledge to lift crisis fails to lift financial markets Reuters Athens TALK of a possible Greek default gained pace yesterday while a pledgebytheworld’smajoreconomies to prevent Europe’s debt crisis from undermining banks and the global economy failed to lift financial markets for long.Reuters - 439 words
-
Article, Illustration505 2011-09-24 24 Bloomberg New York TIFFANY Co, which almost tripled its value selling engagement rings since the recession, may be a takeover target after ending an alliance with Swatch Group AG and could hand investors an extra US$3.4 billion in aBloomberg; AFP - 505 words
-
359 2011-09-24 24 Malminderjit Singh - By Malminderjit Singh msingh@sph.com.sg Singapore IN a move that reflects growing international interest in Iskandar Malaysia, a Beijing-based real estate developer yesterday became the first Chinese company to confirm an investment in Malaysia’s economic development zone. Zhuoda Real Estate Group signed two Memorandums359 words
-
-
Page 21 Advertisements
-
Advertisement43 2011-09-24 21 Get The Latest Copy of Home Decor At The Fair! VISIT THE SEPT 30 OCT 2, 2011 (FRI SUN) 11AM 9PM MARINA SQUARE CENTRAL ATRIUM CHECK OUT: THE LATEST DECOR TRENDS RENO IDEAS SUBSCRIPTION DEALS FREE GOODIE BAGS VISITORS’ LUCKY DRAW COMPLIMENTARY COFFEE43 words
-
-
SGX
-
Article9794 2011-09-24 28 Transaction date: Sep 23 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 $mil 21 12 8Telecom 12.5 10.5 15.5 7.8 4.9 2.6 59.9 9.5 4.5 A-Sonic 4.7 4.7 5 2.8 1.7 33.6 62.5 459,794 words
-
Article186 2011-09-24 28 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 5 0 0 0 3 8 5 Manufacturing 28 67 39 3 2 6 31 69 45 Commerce 9 36 10 5 4 1 14 40 11 Tpt/Stor/Comms 19 18 5186 words
-
Article830 2011-09-24 28 For week beginning Sep 19 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Marco Polo Marine Ltd 21-Sep-11 Nautical Intl Hldgs Ltd Sell 6000 na *****7 50.79 *****7 49.03 Pertama830 words
-
Article119 2011-09-24 28 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,538 24,538 110,434 110,434 Manufacturing 167,251 7,479 174,730 206,893 148 207,042 Commerce 196,925 1,968 198,893 254,647 310 254,958 Tpt/Stor/Comms 149,224 1,902 151,126 255,695 138 255,833 Finance 20,629 15 20,644 190,581 3 190,585 Construction 45,250 7,144119 words
-
Article75 2011-09-24 29 Sep 22 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 106.58 -5.69 WTI (Near Mth) 79.94 -5.98 Dubai (1-Mth F) 103.42 -3.07 Tapis blend 119.01 -2.91 Minas 112.01 -2.91 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.56 -3.66 Jet Kerosene 120.40 -3.20 US$/barrel Opec Oil Basket Price75 words
-
Article120 2011-09-24 29 Sep 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.305 1.243 Can dollar 1.289 1.24 Euro 1.789 1.721 Sterling pound 2.037 1.959 NZ dollar 1.052 1.002 US dollar 1.317 1.267 Local dollars to 100 units of foreign currency: Currencies Sell120 words
-
Article104 2011-09-24 29 Sep 23 TREASURY BILLSALSPeriod Issue Maturity. Yesterday's Day's code Bid High Low 3-Month BQ*****T186. 22.12.*****6.54 0.19 1-Year BY*****X 02.05.2012 0.20 METALS DEC-11 8517.00 8329.00 8380 8668.00 NOV-11 87.44 86.48 86.87 88.19 OCT-11 86.56 86.54 86.55 87.97 SEP-11 182.30 179.80 179.8 176.40 OCT-11 183.50 180.50 180.8 171.20 GOVERNMENT BONDS.104 words
-
Article154 2011-09-24 29 Sep 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2703 1.2720 0.9805 0.9810 Canadian dollar 1.2603 1.2618 0.9728 0.9731 Euro 1.7518 1.7533 1.3521 1.3522 NZ dollar 1.0130 1.0146 0.7819 0.7825 Sterling pound 2.0017 2.0036 1.5450 1.5453154 words
-
Article, Illustration94 2011-09-24 29 YTD change:-15.40% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,659.01 on Sept 23,2011 Source: Bloomberg YTD change: -23.30% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 17,373.40 on Sept 23,2011 Source: Bloomberg YTD change: -7.29% 52-week high: 12,876.00 on May 2,2011 52-week low: 10,597.10 on Sept 23,2011Source: Bloomberg - 94 words
-
Article, Illustration104 2011-09-24 29 As on 22 September 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1781.20 1725.20 1744.70 1808 Silver DEC-11 39.750 36.595 36.670 40.465 CURRENCY US Dollar-Jap Yen DEC-11 76.74 76.14 76.33 76.34 Euro-US Dollar DEC-11 1.3571 1.3382 1.3505 1.3752 Aust-US Dollar DEC-11 0.9955104 words
-
Article68 2011-09-24 29 Sep 23 GOLD (US$/oz) Sep 22 Sep 23 Hong Kong 1766.*****9.00 Sep 21 Sep 22 London 1796.*****9.03 1797.*****0.23 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 47.91 47.23 Source: UOB PLATINUM Lon (US$/oz) Sep 22 Close Previous PM Fix 1725.*****9.00 AM Fix 1736.*****4.00 Source: Thomson Reuters PLATINUM NYMEX68 words
-
Article82 2011-09-24 29 Sep 22 COCOA (£/tonne) Close Prev High/Low Dec 11 1773 1772 1785/1745 Mar 12 1806 1805 1818/1777 May 12 1823 1820 1833/1794 Jul 12 1839 1835 1848/1810 COFFEE (US$/tonne) Close Prev High/Low Sep 11 1992 2104 1996/1975 Nov 11 2026 2140 2050/1996 Jan 12 2056 2165 2077/2029 Mar 1282 words
-
Article57 2011-09-24 29 Sep 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 11 2990 3023 3008 2977 523 3762 Nov 11 2964 3011 2995 2954 3441 ***** Dec 11 2961 3009 2995 2951 ***** ***** Jan 12 2962 301657 words
-
Article93 2011-09-24 29 Sep 22 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 11 1283.*****0.*****9.*****1.00 Jan 12 1294.*****1.*****0.*****2.25 Mar 12 1302.*****8.*****7.*****0.25 May 12 1308.*****3.*****2.*****6.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Oct 11 53.68 55.04 54.99 53.43 Dec 11 53.94 55.34 55.28 53.72 Jan 12 54.21 55.59 55.5293 words
-
374 2011-09-24 29 In local curr In S$ In US$ dy yr dy yr dy yr Sep 22 Index Change Change Change Change Change Change World Index Preliminary 763.5 -3.3 -14.9 -2.0 -13.2 -4.0 -14.7 ‡EAFE Preliminary 638.0 -3.7 -20.3 -3.1 -18.3 -5.1 -19.7 Europe Preliminary 918.4 -4.6374 words
-
Article72 2011-09-24 29 Sep 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2195.00 2283.75 3 months 2227.00 2318.00 Copper, Grade A (US$/tonne) Cash 7653.25 8275.75 3 months 7674.00 8300.00 Lead (US$/tonne) Cash 2116.50 2234.00 3 months 2105.00 2220.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)72 words
-
-
PERSPECTIVE
-
Article, Illustration1031 2011-09-24 30 / 31 ALAN YIP - Companies must explore gender intelligence to avoid conflict, build careers and improve workplace productivity. By ALAN YIP By ALAN YIP ~Alan Yip is CEO of Mind Edge, a training and learning centre WHETHER we know it or not, hardwired brain differences between men and womenLUDWIG ILIO - 1,031 words
-
Article, Illustration725 2011-09-24 30 / 31 Robert Samuelson - Robert Samuelson The Washington Post Writers Group ASoftenasnot,Idevoteacol-umn to the US Census Bureau’s annual report on “Income, Poverty and Health Insurance Coverage”. It’s a statistical benchmark that traditionally measures our progress or lack of it in improving the economic well-being of Americans. ButThe Washington Post Writers Group - 725 words
-
-
Wealth
-
WEALTH INVESTING
-
Article, Illustration1487 2011-09-24 32 / 33 Shane Oliver - are some kemedium-term trends worth be wealth insights Shane Oliver AMP Capital Investors throughsights ~The writer is head of investment strategy and chief economist, AMP Capital Investors THEday-to-daynoise surrounding investment markets can be very distracting, making it hard for investors to see the wood for theSource Thomson Financial, AMP Capital Investors; Source: Angus Maddison, IMF, AMP Capital Investors - 1,487 words
-
BROKERS’ TAKE
-
378 2011-09-24 32 / 33 Underperform CIMB Research Sept 23 Close: $8.17 AS Europe debates on how long to keep Greece on life support, we followed up on our DBS earnings downgrade with a review of OCBC’s earnings forecasts. Recently, a looming liquidity crunch in Europe was quashed when central banks stepped378 words
-
Article345 2011-09-24 32 / 33 Lynn Kan - Neutral Compiled by Lynn Kan DMG Partners Research Sept 23 Close: $0.525 SWIBER boosted its order book to a record high level of US$932 million upon securing a US$155 million EPIC project in south Asia. The encouraging news came two weeks after the fund raising announcement, as the345 words
-
-
-
SMART MONEY
-
Article, Illustration1431 2011-09-24 34 / 35 Genevieve Cua - Despite its relatively modest price tag, travel insurance affords a peace of mind that can be incalculable. This is because it protects you against events that could ruin your trip and even be calamitous. By Genevieve Cua gen@sph.com.sg YOU are excitedly planning for a holiday with your family1,431 words
-
1243 2011-09-24 34 / 35 Genevieve Cua - By Genevieve Cua HERE are some scenarios to illustrate what would be or won’t be covered in a typical travel policy. There will be differences in the scope of coverage among different insurers. You will have to peruse your policy documents1,243 words
-
-
Article, Illustration1329 2011-09-24 36 Floyd Norris - The problem lies in the country’s weak economy and growing bad loans but at least the regulator is being honest By Floyd Norris NYT IeignJketson Grethecon T’S not just sovereign debt. Just when markets were focused on the risks of a Greek default andNYT; REUTERS - 1,329 words
-
Article, Illustration1531 2011-09-24 37 Teh Hooi Ling - Applying cost/benefit analysis to some things can lead to unconscionable decisions, as history shows show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder AS a rookie reporter, one of the first things I learnt is to1,531 words
-
WEALTH REAL ESTATE
-
1150 2011-09-24 38 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 29/08/2011 99 1959 4917 2510 The Sail Marina Bay Apt1,150 words
-
Article, Illustration524 2011-09-24 39 Kalpana Rashiwala - Group to mainly sell strata units in 33-storey building at Robinson Rd/Cecil St By Kalpana Rashiwala kalpana@sph.com.sg Singapore FAR East Organization expects to invest a total of about $520 million developing a 33-storey office building on the 99-year-leasehold plot at Robinson Road/Cecil524 words
-
Article, Illustration768 2011-09-24 39 Bloomberg China THE SQUEEZE on China’s property market may be reaching a “tipping point” that drives growth lower just when exports are under threat from a global slowdown and investor confidence is plunging, said Zhang Zhiwei, Hong Kong-based chief China economist atBloomberg; XINHUA - 768 words
-
-
-
Page 34 / 35 Advertisements
-
Advertisement27 2011-09-24 34 / 35 This monthly column on financial products is sponsored by MoneySENSE, a national financial education programme in Singapore. Find out more about other common financial products at www.moneysense.gov.sg27 words
-
-
Page 40 Advertisements
-
Advertisement50 2011-09-24 40 M iUDEMARS PlGUET Le maitre de I'horlogerie depuis 1875 1 i 1 Wm pf-s f < W. fipr l ift I a w ■y'^r <mv. m w«e Kii ®»1S8H SSltssP HHHL Hi I SgdHn f<\ -TV -V .AvA JISU •f§^ 81 JULES AUDEMARS EXTRA-THIN For enquiries, Tel: (65) 6238 667850 words
-
-
Page 1 Advertisements
-
Advertisement62 2011-09-24 1 LivingTHEBUSINESSTIMESWEEKEND|SEPTEMBER24-*****1BTTHE BUSINESS TIMES WEEKEND SEPTEMBER 24-25 2011 DINING Food, etcetera L6-7 SCENES FROM A REVOLUTION A glimpse behind the curtain into the isolationist state of North Korea STYLE Sweetly seductive L10-11 PHOTO: GEOFFREY EU GADGETS Box power L12 WEEKEND WITH Intrepid traveller Tan Chorh Chuan L9 BT CORPORATE GOLF Crossing62 words
-
-
BT Living
-
TRAVEL
-
Article, Illustration2002 2011-09-24 2/3 Geoffrey Eu - Step back in time and history for a fascinating glimpse at arm’s length into the isolationist state of North Korea. By Geoffrey Eu btnews@sph.com.sg IT’S no surprise that North Koreais not ranked highon anyone’s list of favourite tourist destinations, but there are some signs that thisALL PHOTOS BY GEOFFREY EU - 2,002 words
-
-
DINING
-
Article, Illustration546 2011-09-24 5 Debbie Yong - 3-Michelin-star chef Philippe Rochat flies in to cook up a menu of racy flavours for the F1 weekend. By Debbie Yong debyong@sph.com.sg IT is his first time in Asia, but Philippe Rochat has always been in love with the region, gastrono-my-wise. The Swiss-Italian chef and owner of the546 words
-
Article31 2011-09-24 6/7 Melissa Lwee-Ramsay - By Melissa Lwee-Ramsay These three eateries do more than just feed customers. They are multi-concept spaces that aim to offer a unique experience in terms of dining and entertainment.31 words
-
Article, Illustration647 2011-09-24 6/7 83 Club Street Z6220-4083 www.83clubstreet.com RESTAURANT company Deliciae is on a roll. Five months ago, it introduced the tapas bar Sabio to local foodies. Six months before that, it launched the French bistro L'Entrecôte, also in Duxton Hill. Now, striking while the iron is hot, Deliciae has launched its647 words
-
Article, Illustration678 2011-09-24 6/7 mellwee@sph.com.sg 778 North Bridge Road Z*****345 WE’VE all experienced it before: Going to a swinging house party that has to end prematurely because the neighbours are complaining about the noise. That won’t happen if the party is taking place at The Studio a two-week-old cocktail bar along North678 words
-
Article, Illustration617 2011-09-24 6/7 20 Kandahar Street Z*****078 WITH a bumper crop of coffee joints popping up all over town, it takes more than a talented b arista to titillate the increasingly refined Singaporean palate. In the case of the three-week-old Maison Ikkoku, the trick was to make sure that they were,PHOTOS BY ARTHUR LEE - 617 words
-
-
WEEKEND WITH
-
Article, Illustration1089 2011-09-24 8 Natalie Koh - From diving with whale sharks in Africa to witnessing a wedding ceremony in Tajikistan, Professor Tan Chorh Chuan enjoys the nooks and crannies of the Earth. weekend with By Natalie Koh natksl@sph.com.sg prof tan chorh chuan president, national university of singapore HOLIDAYS today usually indicate a tight itinerary,1,089 words
-
-
STYLE
-
Article, Illustration768 2011-09-24 9 Thousands of young millionaires are turning the cosmopolis into the luxury capital of China AFP KELLY YING, one of a swelling group of young high-roll-ers in Shanghai, has just treated herself to a birthday present of a watch worth US$45,000 (S$58,312). But the 30-something whoAFP; PHOTOS: AFP, XINHUA - 768 words
-
Article, Illustration1760 2011-09-24 10/11 With dusky colours and modest silhouettes accented by shots of bold glamour, Italian houses take a ‘softly softly’ approach to beat the economic blues at Milan Fashion Week AFP AP mILAN Fashion Week kicked off on Wednesday, on the heels of recently concluded shows in New York andAFP; AP - 1,760 words
-
-
GADGETS
-
Article, Illustration582 2011-09-24 12 Christopher Lim - Accessories for your Xbox 360 or PS3 game console pack mobility, lethal precision for trigger-happy gamers and blockbuster sound. By Christopher Lim limchris@sph.com.sg TekNmotion Yapster Blaster headset, US$29.99; S$38.94 From amazon.com When you are playing multiplayer games over the Internet, you need a way to easily keep in582 words
-
-
HEALTH
-
Article, Illustration793 2011-09-24 13 Cheah Ui-Hoon - Recommended: an extra test and pill to prevent cardiovascular events in moderate-low risk patients. By Cheah Ui-Hoon uihoon@sph.com.sg A TALE like this is so common now that it doesn’t have the same shock value as before: someone who was conscientious about his health,wasn’toverweight, was a lightSource: JAMA; FILE PHOTO - 793 words
-
Article, Illustration1155 2011-09-24 14 Chen Huifen - It is now possible to detect coronary artery disease through the use of magnetic resonance. By Chen Huifen xuifen@sph.com.sg PATIENTS at risk of heart diseases in Singapore can now have an additional option of finding out what is going on in their coronary arteries with1,155 words
-
-
SPORT
-
Article, Illustration576 2011-09-24 15 Lee U-Wen - Football the red, white and blue way no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor BOY, the Glazers sure seem to have a knack for purchasing sports teams that enjoy making their fans squirm in their seats before snatching victory from the jaws of death. The American family, ofAFP - 576 words
-
624 2011-09-24 15 Steve Dawson - chequered flag with Steve Dawson HAVING been violently thrashed around the Fuji Speedway in a Formula 1 two-seater driven by Heikki Kovalainen and navigated Kuala Lumpur’s Sepang racetrack and the Hungaroring in Budapest on my own, I still don’t consider myself genuinely qualified624 words
-
-
BT CORPORATE GOLF LEAGUE 2011
-
Article, Illustration1208 2011-09-24 16/17 Justine Moss - Teams need guts and glory in spades to survive the challenging fairways of Raffles Country Club’s fabled Lake Course.By Course.By Justine Moss btnews@sph.com.sg LAST year’s BT Corporate Golf League winners OAAG lived up to their Dream Team name with a near flawless display in last week’sFILE PHOTO - 1,208 words
-
Article, Illustration281 2011-09-24 16/17 Justine Moss - By Justine Moss LEAGUE debutante Emerio signed up in 2011 due to their love of golf. “This is a fun way to network and the competitive element adds spice to the occasion,” says Devanathan T M, dent,EmerioGlobeSoft,adding,“Obviously, this is a great opportunity to network with people281 words
-
Article, Illustration289 2011-09-24 16/17 Justine Moss - By Justine Moss THERE are a number of reasons for The Crane Boomers returning to the League this year “We will always support Business Times events and we enjoy the fun with teammates,” explains team captain Michael Ng. Currently lying in ninth place on the289 words
-
-
MOTORING
-
Article, Illustration546 2011-09-24 18 Samuel Ee - Pirelli’s association with Formula 1 this season has reaped dividends for the tyremaker. By Samuel Ee samuelee@sph.com.sg PIRELLI’S participation in Formula One as the sport’s sole tyre supplier is driving its tyre sales, says Paul Hembery. But the motorsports director of the the Italian premium tyremaker says heis546 words
-
Article, Illustration537 2011-09-24 19 Samuel Ee - Infiniti’s sponsorship of the Red Bull Racing team is taking both partners further down the road to even more success. By Samuel Ee samuelee@sph.com.sg INFINITI calls its sponsorship of the Red Bull Racing (RBR) team “a long-term partnership that is more thanstickers on acar”. “As apremiumREUTERS - 537 words
-
Article, Illustration735 2011-09-24 20 Samuel Ee - Two factors may make the fourth Singapore Grand Prix extra special this year the chance of rain and the possibility that a world champion will be crowned at the Marina Bay Circuit. f1 watch By Samuel Ee samuelee@sph.com.sg WILL he or won’t he? He, ofPHOTOS: AFP - 735 words
-
-
-
Page 5 Advertisements
-
Advertisement850 2011-09-24 5 wine&dine with BTWeekend Mandarin Court Mandarin Orchard Singapore, Level 35, 333 Orchard Road Z6831-6288 Ascend 35 stories of the Orchard Wing and arrive in style at Mandarin Court Chinese Restaurant, the home of authentic Cantonese cuisine. Delight in Executive Chinese Chef Sunny Kong’s signature dishes such as Classic Peking Duck,850 words
-
-
Page 6/7 Advertisements
-
Advertisement93 2011-09-24 6/7 WALL COVERINGS OFFER BUY 2 GET 1 FREE Direct Importer Designers Choice Sole Distributor More than 500 latest designs Standard size: 15.6m x 1,06m Free Consultation maxim WALLCOVERINGS Visit our showroom at: Blk 28, Sin Ming Lane #01 -135, Mid View City, Singapore *****2 Tel: +65 6570 8469 Fax: +6593 words
-
-
Page 8 Advertisements
-
Advertisement26 2011-09-24 8 KAT3 CLASSIFIED Find professional electricians. To find out more, turn to CLASS 96 in I CATS Classified in The Straits Times now. BUY IT-SELL IT-FIND IT26 words
-
-
Page 13 Advertisements
-
Advertisement45 2011-09-24 13 STOP LIVING IN Are Painkillers and Surgery Your Only Options? Discover Effective, Non-Invasive Clinical Solutions To Neck, Back and Knee Pain. Dr Terence Tan (MBBS,GDFM) The Pain Relief Clinic Website: PainRelief.com.sg To find out how you can be free from pain, call +65 6405 728045 words
-
-
Page 16/17 Advertisements
-
Advertisement23 2011-09-24 16/17 PRESENTER SPONSORS Presented by Main Sponsor Hole-In-One Sponsors Opening Round Dinner Sponsor Final Round Dinner Sponsors Co-organised by Sponsors Networking Night Partner Partners23 words
-
-
Page 18 Advertisements
-
Advertisement19 2011-09-24 18 THE ITALIAN MANUFACTURER HAS A THREE-YEAR DEAL TO PROVIDE 1,500 TYRES TO THE 12 F1 TEAMS FOR EACH RACE.19 words
-