The Business Times, 9 June 2012

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Total Pages: 49
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| JUNE 9-10, 2012 S$1.00| MICA (P) 121/08/2011
    15 words
  • Article, Illustration
    Lock icon Euro 2012 kicks off to ringing tills
    955 1  -  European football’s governing body expected to scoop up close to 1.3b euros over the 31 matches in Poland and Ukraine By Lee U-Wen leeuwen@sph.com.sg Singapore MORE than five years since they were chosen to co-host football’s European Championships for the very first time,
    AP; AFP  -  955 words
  • Article, Illustration
    Lock icon Opting for slower economic growth not desirable: PM Lee
    774 1  -  By Teh Shi Ning tshining@sph.com.sg Singapore SINGAPORE cannot afford to let growth slow more than is already naturally happening as the economy becomes more developed, Prime Minister Lee Hsien Loong said last night. On the view that Singapore has attained sufficient
    Source: DOS  -  774 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 2,737.89 (-21.37) HSTI FUTURES 2,738 (-22) HSIMSCI 313.32 (-3.08) HSIMSCI FUTURES 313.40 (-3.00) STOCKS Friday Change KL COMP 1,570.62 -4.69 NIKKEI 225 8,459.26 -180.46 HANG SENG 18,502.34 -175.95 SET 1,127.10 +8.57 JAKARTA 3,825.33 -15.27 MANILA 4,994.07 -28.88 KOSPI 1,835.64 -12.31 SHENZHEN B 619.43 -2.08 MUMBAI IND 16,718.87 +69.82
        59 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.447 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 14.75 Source: Bloomberg
        29 words
      • Article
        Lock icon FOREX
        49 2 FOREX US$ S$ US$ (S$ per US$) 1.287 (US$/S$ per 1.542 1.984 EURO(US$/S$/E) 1.246 1.604 Foreign currency per US$ S$ YEN 79.20 61.50 RM 3.190 2.478 HK$ 7.758 6.027 BAHT 31.75 24.66 RUPIAH 9,425 7,321 RENMINBI 6.371 4.949 INDIAN RUPEE 55.61 43.20 A$ 1.017 0.790 NZ$ 1.310 1.018
        49 words
    • Article, Illustration
      Lock icon China rate cut ignites fears of grim May data
      756 2 Hopes of cheaper credit turn into worries that economy may be weaker than expected Reuters Beijing GLOBAL cheers over China’s decision to cut interest rates faded yesterday as investors and economists worried that the move signalled the impending release of grim
      Reuters  -  756 words
    • Article, Illustration
      Lock icon Unlike others, China textbook stimulus works
      358 2  -  REUTERS BREAKINGVIEWS By Edward Hadas btworld@sph.com.sg Reuters CHINA, like many other countries, faces slowing economic growth. But Beijing’s 25 basis point cut in its benchmark one-year interest rates to 6.31 per cent for loans and 3.25 per cent for deposits is a reminder that
      Reuters  -  358 words
    • Article
      Lock icon Myanmar wants to be Asia’s next big thing
      575 4  -  Nation is looking to partner S’pore to achieve its goal as it opens up with reforms in many areas By Malminderjit Singh msingh@sph.com.sg Singapore EVEN as key reforms to liberalise and build a “New Myanmar” are being pursued, the country’s government is
      575 words
    • Article, Illustration
      Lock icon New $2b hospital boasts super VIP suites
      942 6  -  The all-single-room flagship Mount Elizabeth Novena has the feel of a luxury five-star hotel, and houses 254 medical suites By Nisha Ramchandani nishar@sph.com.sg Singapore A PENTHOUSE-LEVEL, super VIP suite complete with a living room and roof terrace. Going by the description, one could
      942 words
    • Article, Illustration
      Lock icon From Mountain View to Marina View, Google is changing its stripes
      1095 7  -  In a significant shift for a company that had search at its core, Google is focusing on social networking and online advertising in a big way By Joyce Hooi joyceh@sph.com.sg IT has been a year since Larry Page replaced
      AP  -  1,095 words
    • Article
      Lock icon Trouble brewing at the top of OpenNet
      527 8  -  Tussle comes to light when court denies NBN network operator’s application for judicial review proceedings against IDA By Victoria Ho vhip@sph.com.sg Singapore IT appears that OpenNet might be going through some internal struggles at the top. In December last year, the network operator
      527 words
    • Article, Illustration
      Lock icon Olympus mulls over alliance offers; plans to cut 2,700 jobs, shut plants
      503 8 Reu ters Tokyo JAPAN’S Olympus Corp said yesterday it is considering tie-up offers from at least five domestic firms to bolster its precarious capital position, and will shed about 2,700 jobs and close plants, in an attempt to
      Reuters; BLOOMBERG  -  503 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      60 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 Investing 32-33 House Hunt 34 Real Estate 34-35 LIVING Dining L2-7 Style L8-9 Home Garden L10-11 Design L12 Clipper Race
      60 words
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      57 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
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      39 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      113 5 i SUN LAN D RESIDENCE W m Jalan Kuala Kanqsar Ipoh a pi fl M Double Storey Terrace House 22 x 75 From a $130,000 SUNLAND RESIDENCE Large Built Up from 1,980 sq ft Large Master Bedroom from 360 sq ft Four Bedrooms and Four Bathrooms Columnless Driveway allows 2
      113 words
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      Lock icon Page 5 Advertisements Column 2
      211 5 It mm Queen Elizabeth h DIAMOND JUBILEE MEMBERSHIP IS AN ASSET As part of The British Club's Queen's Diamond Jubilee Celebrations, The British Club is pleased to announce a wonderful Membership offer, available only in the month of June 2012. Join now and you could save up to $5,000. A
      211 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • this week June 4-8, 2012
      • Article
        Lock icon No Asian comfort as a lending chill looms
        47 9 DON’T expect Asian banks to ride to the rescue, if another credit crunch strikes swiftly. Asian lenders had helped ease the squeeze last year when European banks retreated, but a repeat act at short notice looks unlikely, observers say.
        47 words
      • Article
        Lock icon New kids on the block grab the top honours
        45 9 WHAT a way for these enterprises to emerge! Three of them, which were taking part in the Emerging Enterprise awards for the first time, managed to impress the judging panel enough to bag the top prize.
        45 words
      • Article
        Lock icon SingTel launches 4G for smartphones
        57 9 SINGTEL launched Singapore’s first 4G smartphone service for consumers on Monday and tightened the screws on data pricing with new tiered price plans. From June 5, 4G services will be available to customers buying any of the three 4G-enabled phones the HTC One XL, LG
        57 words
      • Article
        Lock icon Scoot takes wing with 4 new routes lined up
        73 9 SCOOT, Singapore Airlines’s budget baby, will announce four more destinations before the year-end, adding to the four it has already unveiled. Speaking to BT prior to the airline’s inaugural flight to Sydney on Monday, CEO Campbell Wilson said that public response
        73 words
      • Article
        Lock icon Bubble alert: Watch this (industrial) space
        38 9 A SUDDEN rush for industrial properties and the high value that investors are placing on them have alarmed some market players. They wonder if these investors know what they are getting into.
        38 words
      • Article
        Lock icon Qantas shares dive on troubles beyond home
        69 9 QANTAS shares nosedived almost 20 per cent to a 16-year low on Tuesday after the airline said that it would record a net loss this financial year on a 91 per cent fall in pre-tax profit. The closing price of A$1.155, after a
        69 words
      • Article, Illustration
        Lock icon Housing oversupply on the horizon, says Wing Tai boss
        104 9 JUST as pent-up demand saw housing prices shoot up over the past few years, a reverse situation could be at play now, says Wing Tai chairman Cheng Wai Keung. People are bringing forward their decision to buy property as they fear
        104 words
      • Article
        Lock icon Myanmar lays its investment cards on table for businesses
        78 9 A VERY wide range of opportuni- ties exist for Singapore in helping Myanmar with its economic and financial sector development, the recently appointed chairman of the country’s National Economic and Social Advisory Council told BT in Tokyo on Wednesday. Singapore is
        78 words
      • Article
        Lock icon Investor mood swings hit fund flows to Asia
        51 9 THE roughly US$1 trillion of capital that flows annually from mature to emerging economies has become subject to “rapid mood swings” among investors as a result of global financial turbulence, especially in Europe, the Washing- ton-based Institute of International Finance warned on
        51 words
      • Article
        Lock icon Bonus model for bosses may need tweaking
        64 9 A POPULAR performance assessment model that determines bonuses of top executives in large Singapore firms is going out of fashion where it first originated in the US. And some market watchers think it may be time to review if the model has been
        64 words
      • Article
        Lock icon China cuts rates, eases lending, deposit curbs
        42 9 CHINA has cut borrowing costs for the first time since 2008 and loosened controls on banks’ lending and deposit rates, stepping up efforts to combat a deepening slowdown as Europe’s debt crisis threatens global growth.
        42 words
    • Article
      Lock icon NEXT WEEK June 11-15
      77 9 US DATA June 12 May import/export prices June 13 May retail sales May PPI April Business Inventories June 14 May CPI June 15 May industrial production May capacity utilization June Michigan sentiment SINGAPORE DATA June 15 April retail sales and food and beverage services indices CHINA
      77 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      374 9 Across 1 Seaside treat best to eat cold (4-3) 5 Strange dog is running round Oxford University (7) 9 Polished end of table leg with tan liquid (7) 10 Standard metal in rake (7) 11 Cameron drinking ice tea mixed with a bit of elderberry for a spell of calm
      374 words
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      16 9 SATURDAY with Ludwig Despite the tidy profit I regret selling my flat in the resale market
      16 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Ebullient bridge builder
      2389 10 / 11  -  The veteran stockbroker seems to have taken a leaf from his father’s three guiding principles never cheat, never take advantage of others, and always remember your friends. By Benjamin Tan By Benjamin Tan bentyk@sph.com.sg BANKS these days bandy about trite phrases such as “relationship management” and “client-centred
      YEN MENG JIIN  -  2,389 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Genting buys into Australian casino operator
      700 12 Question is whether this will lead to a takeover battle with billionaire rival Packer Reuters Bloomberg SINGAPORE gaming operator Genting said yesterday that it had taken a stake in Australia’s Echo Entertainment, raising the prospect of a battle for control over the US$3-billion casino
      Reuters; Bloomberg; BLOOMBERG  -  700 words
    • Article
      Lock icon E&Y disclaimer on China Gaoxian accounts
      501 12  -  By Lynette Khoo lynkhoo@sph.com.sg THE auditors of China Gaoxian have once again slapped a disclaimer of opinion on the beleaguered company’s financial statements this time for the year ended Dec 31, 2011. Ernst Young (E&Y) said in an independent auditors’ report yesterday: “We were
      501 words
    • Article
      Lock icon ST Engg buys Tampa aerospace servicing centre
      336 12  -  By Ven Sreenivasan ven@sph.com.sg ST ENGINEERING, through its US-based aerospace unit, Vision Technologies Aerospace Incorporated (VT Aerospace), has bought the Tampa aerospace maintenance facility and certain assets of Pemco World Air Services Inc (Pemco) for US$49.7 million (S$64million) at a bankruptcy auction. VT
      336 words
    • Article
      Lock icon CEOs: Social media to be top customer engagement tool
      520 13  -  They see use rising to 57% from 16% now, providing savings in advertising and marketing: survey By Jasmine Ng jasng@sph.com.sg CHIEF executives around the world say that social media will be the biggest business game changer in the next 3-5 years,
      520 words
    • Article
      Lock icon KepLand CEO Kevin Wong leaving at year’s end
      254 13  -  By Michelle Tan michtyz@sph.com.sg KEPPEL Land Limited will see a change in management following the departure of its chief executive officer, Kevin Wong, come year’s end. Said Mr Wong: “Having been in the company for the last 23 years, with the last
      254 words
    • Article, Illustration
      Lock icon Greece, Spain’s banks, Fed provide key themes
      957 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent GREECE’Sprob-lems continued t o l ur k i n t h e backgound this week, replaced by the woes Spanish banks face in trying to get recapitalised. However, US Federal Reserve chairman Ben Bernanke’s testimony to Congress
      957 words
    • Business briefing
      • Article
        Lock icon Temasek hires ex-Merrill banker as MD for India
        71 14 Reuters SINGAPORE investment company Temasek Holdings has hired former Bank of America-Merrill Lynch investment banker Promeet Ghosh as a managing director for India. Mr Ghosh will be based in Mumbai and work with Temasek’s India head Rohit Sipahimalani to manage the firm’s
        Reuters  -  71 words
      • Article
        Lock icon BBR Holdings wins $102.7m contract from SUTD
        84 14 BBR Holdings (S) Ltd said it has secured a $102.7 million contract from the Singapore University of Technology and Design (SUTD) for Phase 1 construction of housing and sports facilities for its campus at Somapah Road and Changi South Avenue 1. Secured through
        84 words
      • Article
        Lock icon Oniontech sells Seoul office for 1.8b won
        92 14 ONIONTECH Limited said it is selling its current office premise in Seoul, South Korea, for 1.8 billion won (S$1.96 million), to Daewoo Display Company. The current office measures 1,280 square metres, and the management is selling it off as it believes a smaller
        92 words
      • Article
        Lock icon Saizen Reit buys $8.5m property in Sapporo
        86 14 SAIZEN Real Estate Investment Trust has acquired Bibress Tsukisamu Chuo Station in Sapporo, Japan, for 530.66 million yen (S$8.5 million), its manager Japan Residential Assets Manager Limited said yesterday. “The acquisition is accretive to Saizen Reit’s distribution per unit,” the manager said, adding
        86 words
      • Article
        Lock icon C&G withdraws from its Vietnam project
        89 14 C&G ENVIRONMENTAL Protection Holdings said it has ceased investment and construction of the waste-to-energy project in Can Tho city, Vietnam. “Regrettably, the company and the People’s Committee of Can Tho city were unable to reach a mutual agreement on the terms and conditions of
        89 words
      • Article
        Lock icon CapitaMalls Malaysia Trust to issue RM3b notes
        84 14 Reuters Kuala Lumpur CapitaMalls Malaysia Trust will issue up to RM3 billion (S$1.2 billion) in medium-term notes after getting approval from the securities commission, the company said yesterday. A 20-year funding programme will be used to refinance existing borrowings, finance capital expenditure and
        Reuters  -  84 words
    • Article
      Lock icon Aussie firm buys First Engg for US$33m
      307 15  -  Purchase by Anchorage Capital raises possibility of relisting for precision plastics moulds maker By Kenneth Lim kenlim@sph.com.sg AUSTRALIAN private equity firm Anchorage Capital Partners has bought formerly listed First Engineering for US$33 million, five years after another private equity outfit took the precision
      307 words
    • Article, Illustration
      Lock icon TSE’s acquisition of Osaka bourse poised to get nod
      677 15 Bloomberg Tokyo TOKYO Stock Exchange Group’s acquisition of Osaka Securities Exchange Co is poised to gain regulatory approval, the first for a major bourse since US$32 billion of global deals were vetoed in the past 14 months. The takeover has a
      Bloomberg; BLOOMBERG  -  677 words
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      Lock icon Page 13 Advertisements Column 1
      1090 13 TRANSIT-MIXED CONCRETE LTD (Incorporated In The Republic Of Singapore) Company Registration No. *****2587H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 32nd annual general meeting of Transit-Mixed Concrete Ltd will be held at Meeting Suite 832, Level 8, Main Tower, Mandarin Orchard Singapore, 333 Orchard Road, Singapore
      1,090 words
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  • Page 15 Advertisements
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      602 15 MATS NOTICES HENGYANG PETROCHEMICAL LOGISTICS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****7923K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Hengyang Petrochemical Logistics Limited (the “Company”) will be held on 25 June 2012 at 10.00 a.m. at 168 Robinson
      602 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Overcoming that fear of making mistakes
      981 16  -  Entrepreneurs should have a concrete action plan and learn from their stumbles. This will help them move on and achieve success FROM THE DESK OF Deepakjit Singh Managing Director, Asia Encompass Digital Media I HAVE yet to see a successful entrepreneur in the world
      981 words
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  • SINGAPORE
    • Article
      Lock icon Resale home deals keep climbing
      620 17  -  HDB resale prices rise 2.05% in past two months; non-landed rent volumes decline By Mindy Tan tanmindy@sph.com.sg THE number of private resale non-landed home transactions continued to climb in April-May, on the coattails of a surprising turnaround in March. According to data provided by the
      620 words
    • Article, Illustration
      Lock icon Music industry self-regulates with code of conduct
      434 17  -  Move will enhance transparency and corporate governance By Glenn Choo gchoo@sph.com.sg THE Singapore music industry has launched a code of conduct, in part to promote confidence in five collective management organisations (CMOs) and the effective administration of copyright in Singapore. The five, which
      434 words
    • Article
      Lock icon 11 projects to get NRF funding awards
      318 17  -  By Eve Yeo eveypyeo@sph.com.sg IT may soon be viable for panel displays of advertisements to be interactive touch screens. And fast-food customers may also be able to order their food from touch-screen menus at counters. These are just some of the possibilities of
      318 words
    • Briefing
      • Article
        Lock icon EuroCham names new executive director
        50 17 THE European Chamber of Commerce, Singapore, (EuroCham) has appointed Matteo Vezzosi as its new executive director. Having joined the chamber in 2009 as a project manager, Mr Vezzosi has implemented a four-year EU-Singapore Business-to-Business Cooperation Project and helped coordinate the sector committees of the chamber.
        50 words
      • Article
        Lock icon UNLV announces engineering intake
        93 17 THE University of Nevada, Las Vegas (UNLV) has announced the availability of undergraduate engineering classes beginning this fall at UNLV Singapore. Students will complete 60 US academic credits at the branch campus in Singapore before they relocate to the main UNLV campus in Las Vegas, Nevada,
        93 words
    • Article
      Lock icon Evonik set to start building amino acid plant
      495 18  -  It awards engineering, procurement and construction management contract to Jacobs Engineering By Ronnie Lim ronnie@sph.com.sg ONE and a half years after it was first planned, construction of Evonik Industries’ mega $800 million amino acid plant for animal nutrition is set to get
      495 words
    • Article, Illustration
      Lock icon Host of ‘Monster Fish’ explores Singapore shores
      573 18  -  He loves big fish but is not a big fan of sashimi By Audrey Tan audreyt@sph.com.sg SINGAPORE’S waters may not be as barren as you think. Contrary to popular opinion, it is teeming with marine life coral, fish, turtles and even wild dolphins
      AUDREY TAN  -  573 words
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      25 18 www.omy.sg mmm ffsnasasB my, t\ i Vice Ring Probe Available on ANDROID APR ON Google play S9fS*ftiiaS«il mmmm. hsk;ipc9uijsft mmmR s s s ffl¥MJ3fSTl)tliJ¥aE±P«l www.omy.sg
      25 words
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  • WORLD
    • Article, Illustration
      Lock icon US regulators implement bank capital rules
      639 19 Interagency proposal to execute Basel 2010 sticks mostly to original framework Bloomberg Washington US regulators moved ahead with implementing global bank capital rules, releasing language for measures proposed in previous years, even as the international body overseeing the framework makes adjustments. The Federal Reserve,
      Bloomberg; PHOTO: BLOOMBERG  -  639 words
    • Article, Illustration
      Lock icon Suspended Lotus CEO sacked over DRB-Hicom complaint
      600 19 M’sian exec running the firm in the past month named COO Bloomberg Kuala Lumpur LOTUS, the unprofitable luxury sportscar maker, fired its chief executive officer, Dany Bahar, after a complaint from Malaysian parent DRB-Hicom Bhd about unspecified concerns over his conduct. Lotus’s board
      Bloomberg  -  600 words
    • Article
      Lock icon Major China banks raise deposit rates following new rules
      514 20 Rate on demand deposits now at 0.44% as banks compete for funds Bloomberg Beijing CHINA’S biggest lenders raised deposit rates hours after the central bank cut its policy rate and gave them more freedom over pricing, underscoring competition for funds and
      Bloomberg  -  514 words
    • Article
      Lock icon Jakarta sticks to deadline for downpayment on new home, vehicle loans
      567 21 Central bank deputy chief says the new rules will take effect as planned on June 15 Bloomberg Jakarta INDONESIA’S central bank said it plans to push through rules requiring downpayments for new home and vehicle loans to avoid a
      Bloomberg  -  567 words
    • Article, Illustration
      Lock icon Beijing to make highest cuts in fuel prices since 2008
      464 21 Bloomberg Beijing CHINA, the world’s second-big-gest oil user, will reduce petrol and diesel prices by the most since 2008 after global crude costs slumped. Retail petrol will fall by 530 yuan (S$106) a tonne from today and diesel will be
      Bloomberg; REUTERS  -  464 words
    • Article
      Lock icon Petronas decision on refinery by mid-2013
      293 21 The Johor plant may start commissioning activities at end-2016 Reuters Kuala Lumpur MALAYSIA’S state energy firm Petronas is expected to make a final investment decision on its US$20 billion refinery project in Johor by the middle of next year, a senior executive said yesterday.
      Reuters  -  293 words
    • Article, Illustration
      Lock icon Spain seen asking for aid to recapitalise banks
      518 22 Eurozone finance ministers to discuss request and issue statement today Reuters Madrid SPAIN is expected to ask the eurozone for help with recapitalising its stricken banks at the weekend, EU and German sources said yesterday, becoming the fourth country to seek assistance
      Reuters; REUTERS  -  518 words
    • Article
      Lock icon Trade deficit in April narrows to US$50.1b
      357 22 LATEST US DATA Bloomberg AFP Washington THE trade deficit in the US narrowed in April as a drop in imports overshadowed the first decline in exports in five months. The gap shrank 4.9 per cent to US$50.1 billion from US$52.6 billion in March
      Bloomberg; AFP  -  357 words
    • Article
      Lock icon Alibaba offers SWFs shares to buy back Yahoo stake
      196 22 Bloomberg Hong Kong ALIBABA Group Holding Ltd founder Jack Ma said China’s biggest e-commerce provider is prepared to sell a stake to sovereign wealth funds (SWFs) to finance its buyback of shares from Yahoo! Inc. Alibaba is open to investments from
      Bloomberg  -  196 words
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      Lock icon Page 20 Advertisements Column 1
      508 20 UP YOUR MANAGEMENT SKILLS Utilising areas of Productivity, Social Media Negotiation Who should attend: Corporate Communications Professionals, Human Resource Professionals, Head Hunters, Search firm owners, Team Leads, Departmental Heads, Operational Managers, Supervisors Register at www.stjobs.sg/seminars FULL-DAY WORKSHOPS Transforming Service Breakdown to Opportunities Monday, 18 June SPH News Centre (9.30am to
      508 words
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      60 22 WATS RECRUIT u L J ExxonMobil is hiring Electrical Engineers Singapore Sports School is on the lookout for a Senior Human Resource Executive Mount Elizabeth Hospital is seeking a Business Office Manager Civica South East Asia has a vacancy for a Senior Systems Administrator NTUC FairPrice Group needs Team Leaders
      60 words
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  • Article
    Lock icon SGX
    7907 23 Transaction date: Jun 8 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 16.5 11.5 8Telecom 13.5 unch 45 13.5 13.5 13.5 13.9 66.8 0.4 3.2 64.7 8 4 A-Sonic 4.1 -0.1 103 4.2 4.1
    7,907 words
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  • Article
    Lock icon SGX CATALIST
    1671 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 16.9 15.7 17.3 4.7 3.3 6.6 30.2 4 2.5 t AA Grp 3.6 2.6 3.7 3.5 159 30 t APStrategic
    1,671 words
  • Article
    Lock icon securities trading scoreboard
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 5 0 0 0 3 6 5 Manufacturing 22 64 41 3 3 12 25 67 53 Commerce 13 21 19 0 5 4 13 26 23 Tpt/Stor/Comms 5 21 8
    186 words
  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    793 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 4 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Pacific Healthcare 6-Jun-12 Chong Lai Leong *Buy 500 0.10 ***** 9.52 ***** 9.64 Artvision tech 6-Jun-12 Ching
    793 words
  • Article
    Lock icon SECURITIES TRADING TURNOVER
    121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,142 10,142 43,725 43,725 Manufacturing 152,457 40,322 192,779 108,108 1,687 109,794 Commerce 132,492 4,073 136,565 80,863 181 81,044 Tpt/Stor/Comms 48,710 12,500 61,210 100,122 3,249 103,371 Finance 10,941 10,941 99,459 99,459 Construction 24,972 8,483 33,455 4,104
    121 words
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  • Article
    Lock icon LIFFE
    78 27 COCOA (£/tonne) Close Prev High/Low Jul 12 1521 1519 1536/1520 Sep 12 1511 1508 1523/1508 Dec 12 1497 1494 1509/1495 Mar 13 1476 1476 1493/1473 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2123 2174 2170/2121 Sep 12 2127 2164 2164/2125 Nov 12 2117 2144 2148/2114 Jan 13 2087 2104 2107/2081
    78 words
  • Article
    Lock icon METALS
    71 27 Jun 8 GOLD(US$/oz) Jun 08 Jun 07 Hong Kong 1480.80 1630.40 Hong Kong Jun 07 Jun 06 London 1591.79 1636.36 1592.78 1637.13 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 36.92 36.25 Source: UOB PLATINUM Lon (US$/oz) Jun 07 Close Previous PM Fix 1466.00 1458.00 AM Fix 1461.00
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  • Article
    Lock icon PALM OIL
    57 27 Jun 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 2930.0 2954.0 2930.0 2925.0 119 2470 Jul 12 2935.0 2980.0 2991.0 2935.0 1810 ***** Aug 12 2955.0 2974.0 2988.0 2922.0 ***** ***** Sep 12 2953.0 2975.0
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  • Article
    Lock icon GOVERNMENT SECURITIES
    86 27 Jun 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 30-Aug-12 0.28 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.11 100.15 100.13 5-Year N*****0Z 2.375 01-Apr-17 108.77 10-Year NX*****X
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  • Article
    Lock icon INTERBANK CURRENCY RATES
    154 27 Jun 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2650 1.2661 0.9829 0.9834 Canadian dollar 1.2437 1.2450 0.9664 0.9670 Euro 1.6033 1.6044 1.2458 1.2461 NZ dollar 0.9819 0.9827 0.7629 0.7633 Sterling pound 1.9840 1.9849 1.5416 1.5417
    154 words
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    Lock icon SMX MARKET UPDATE
    118 27 As on 7 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 539.85 536.60 531.60 36 CURRENCY EUR-USD FUT JUN2012 1.2625 1.2546 1.2595 4305 BASE METAL COPPER FUT JUL2012 7538 7351 7433 3974 INDEX IRON ORE (MBIO) IDX
    118 words
  • Article
    Lock icon CHICAGO BOT
    103 27 Jun 7 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 12 1428.00 1386.25 1430.00 1383.25 Aug 12 1406.25 1366.25 1408.25 1362.50 Sep 12 1370.25 1328.75 1370.75 1329.50 Nov 12 1341.25 1299.25 1344.50 1296.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 12 50.39 49.25 50.40 48.97
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  • Article
    Lock icon CRUDE OIL & PRODUCTS
    76 27 CRUDE OIL PRODUCTS Jun 7 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 99.71 -0.85 WTI (Near Mth) 84.19 -0.90 Dubai (1-Mth F) 96.91 0.45 Tapis blend 106.73 1.33 Minas 107.63 1.33 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 84.67 unch Jet Kerosene 113.10 0.58 US$/barrel OpecOil Basket
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  • Article
    Lock icon FOREIGN CURRENCY NOTE RATES
    118 27 Jun 8 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.292 1.231 Can dollar 1.272 1.212 Euro 1.643 1.565 Sterling pound 2.021 1.944 NZ dollar 1.006 0.959 US dollar 1.298 1.249 Local dollars to 100 units of foreign currency: Currencies Sell
    118 words
  • Article
    Lock icon LONDON METALS
    69 27 Jun 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1955.50 1939.25 3 months 1993.00 1979.00 Copper, Grade A (US$/tonne) Cash 7488.00 7373.00 3 months 7495.00 7410.00 Lead (US$/tonne) Cash 1900.75 1890.25 3 months 1917.00 1908.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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  • Article
    Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
    373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 7 Index Change Change Change Change Change Change World Preliminary 845.4 0.7 1.9 0.7 -0.7 0.9 1.0 EAFE Preliminary 671.8 1.2 -1.5 1.3 -5.2 1.5 -3.6 Europe Preliminary 998.3 1.0 -2.7
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  • Article, Illustration
    Lock icon STOCK MARKETS
    110 27 Straits Times Index YTD change: +3.46% 52-week high: 3,227.28 on Aug 1, 2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg Hang Seng Index YTD change: +0.37% 52-week high: 22,835.00 on July 8, 2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change:
    Source: Bloomberg  -  110 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Working towards gender diversity
      1166 28 / 29  -  The drive to correct gender imbalance on boards of directors will go faster when governments, educational institutions, corporate leaders and the executive search community pull together. By Peter M Felix By Peter M Felix ~The writer is president, Association of Executive Search Consultants (AESC), the professional
      AFP  -  1,166 words
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      Lock icon The economic costs of fear
      917 28 / 29  -  Berkeley By J Bradford DeLong ~The writer, a former deputy assistant secretary of the US Treasury, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau for Economic Research Project Syndicate THE S&P stock index now
      Project Syndicate; AFP  -  917 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Whither the world?
        1743 30 / 31  -  Will there be deflation, inflation or muddle-through? A look at the likely scenarios WEALTH INSIGHTS Shane Oliver AMP Capital Investors THE recent falls in share markets and plunge in bond yields suggests the world may be back in the “danger zone” the International Monetary Fund and World
        Source: Bloomberg, AMP Capital; Source: Global Financial Data, AMP Capital  -  1,743 words
      • Article
        Lock icon BROKERS' TAKE
        784 30 / 31  -  Compiled by Conrad Tan Olam International Outperform CIMB Research June 8 Close: $1.625| OLAM is strengthening its packaged food business by acquiring Nigeria’s Kayass Enterprises for US$66.5 million. A branded dairy product manufacturer and Olam customer, Kayass is a good fit for Olam. But we are keeping our
        784 words
      • Article, Illustration
        Lock icon Yield or no yield
        1259 32  -  Income may be the big story in the retail fund scene, but with inflation, negative real yields may mean a less than happy ending Genevieve Cua gen@sph.com.sg Personal Finance Editor AMID market gyrations and grim uncertainty over the eurozone, Singapore investors are reportedly flocking to income-yielding
        Source: SG Cross Asset Management  -  1,259 words
      • Article, Illustration
        Lock icon Shareholder activism in US has new face
        1316 33 The mainstream investor overtakes the corporate gadfly in panning big pay packages, probing corporate governance NYT EVERY spring, US corporate chieftains and their boards quash uprisings from a familiar batch of pugnacious investors, a ritual that shields many companies from major change. This
        NYT; REUTERS  -  1,316 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        1057 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 9 AND MAY 15, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Eon Shenton Apt 15/05/2012 99 538 1179 2191 Eon Shenton Apt 11/05/2012 99 538 1170
        1,057 words
      • Article, Illustration
        Lock icon The Shenton Way of life
        978 35  -  Living in the area has the distinguishing feature of working and playing within your doorstep.By By Alan Cheong ~The writer is head of research, Savills Singapore WITH the completion of The Sail Marina Bay in 2008 and its subsequent success in leasing activity, city living
        Source: Savills Research  -  978 words
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      102 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIQUET MILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRI-DIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRY WITH HAUTE HOROLOGY MICRO-DETAILING, IN THE TRANSVERSAL BALANCE-BRIDGE, OPTIMUM SHOCKRESISTANCE IS COMBINED WITH THE ELEGANCE OF
      102 words
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      63 1 LivingBTTHE BUSINESS TIMES WEEKEND JUNE 9-10 2012 DINING OUT Deli delights L5-7 ARTS A LA MODE F&B operators with an appetite for promoting the arts L2-4 PERSONAL SPACE Siglap outdoor home L10-11 PHOTO: VUE PRIVEE 83 ON CLUB STREET DESIGN Poltrona Frau CEO Dario Rinero L12 STYLE Ready to launch
      63 words
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Arts a la mode
        2886 2 / 3  -  Some F&B operators are dishing out generous servings of the arts alongside their regular fare. BT Weekend checks out three new concepts By Tan Teck Heng thtan@sph.com.sg By Debbie Yong debyong@sph.com.sg By Rachel Au-Yong rachelay@sph.com.sg PRIVATE dining restaurant Xi Yan made its name with inventive Chinese
        PHOTOS: ARTHUR LEE (PORTRAIT OF BRUNO SOLIGNY, ABOVE), XI YAN, THE WOK & BARREL, TCC; PHOTO: VUE PRIVEE; PHOTOS: CREAMIER, RUBATO  -  2,886 words
      • Article, Illustration
        Lock icon Deli delights
        2892 5  -  Highly anticipated New York chain Dean Deluca opens its Singapore store this month, but it’s by far not the only hip deli in town. Debbie Yong makes a list of new openings that fuse together elements of food and retail Debbie Yong debyong@sph.com.sg A slice of New York
        PHOTOS: JOSEPH NAIR; PHOTOS: DEBBIE YONG; DEBBIE YONG  -  2,892 words
    • STYLE
      • Article, Illustration
        Lock icon Ready to launch
        1242 8 / 9  -  BT Weekend catches up with two Singapore-based luxe labels which are rolling out their debut collections later this year. By Tan Teck Heng By Tan Teck Heng thtan@sph.com.sg Stitched to perfection Zardoze Grayden Capital Chevron House 30 Raffles Place, #09-03 Z6532-3262 www.zardoze.com info@zardoze. com VENTURE capitalists buy
        ARTHUR LEE; ALL PHOTOS, UNLESS OTHERWISE STATED, COURTESY OF ZARDOZE; PHOTOS COURTESY OF HASINA  -  1,242 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon OUTDOOR MATTERS
        1041 10 / 11  -  The Oois rebuild their Siglap Road house to make it airy and open. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg A QUESTION that the Oois often have to answer when visitors come to their home is, “Where is your living room?” There is one
        PHOTOS: JOE NAIR  -  1,041 words
    • DESIGN
      • Article, Illustration
        Lock icon Delivering quality consistently
        917 12  -  Poltrona Frau CEO Dario Rinero is equally adept in both the fast moving consumer goods industry and the world of luxury furniture. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg FOR 25 years, Dario Rinero was a veteran in the fast moving consumer goods industry, selling
        917 words
    • KEPPEL CLIPPER ROUND THE WORLD
      • Article, Illustration
        Lock icon Navigating for vital points in final stretch
        743 13  -  As Leg 8 starts, the Singapore Clipper’s crew will be pushing themselves hard to achieve a podium finish. By Vincent Wee btnews@sph.com.sg IT’S the final countdown to the end of the Clipper 2011-12 Round the World Yacht Race and the Keppel Corp-sponsored Singapore
        ABNER KINGMAN; KEPPEL CORP  -  743 words
    • GADGETS
      • Article, Illustration
        Lock icon Brawny PC deals
        576 14  -  Now that Intel’s released its third-generation Ivy Bridge processors, it doesn’t make much sense to settle for older chips unless you’re on a tight budget. Christopher Lim susses out three of the best Ivy Bridge computer deals at the PC Show 2012 Christopher Lim one-year limchris@sph.com.sg Asus
        576 words
    • HEALTH
      • Article, Illustration
        Lock icon Pondering a doctor’s dilemma
        1095 15  -  Stick to safe, blameless approach or step out and make difficult decisions? By Michael Lim ~Thw writer is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical Journal Publishing Group); chairman, scientific advisory board,
        1,095 words
    • SPORTS
      • Article, Illustration
        Lock icon Hello Euro 2012, goodbye sleep
        680 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WHAT a great year it is shaping up to be for sports fans. I love it when a big tournament comes around, and nothing has gotten my pulses racing more than the Euro 2012 football championships, which kicked
        AFP  -  680 words
      • Article
        Lock icon Problematic assignment or no-lose tenure?
        706 16  -  kick off with andrew leci ~Catch Andrew Leci on SportsCenter on ESPN (mio TV Ch 114) every weekday at 7.30pm for highlights and top stories from Euro 2012 IT’S perhaps appropriate that Saint Benedict of Nursia is honoured by the Catholic Church, and is also
        706 words
    • GOLF
      • Article, Illustration
        Lock icon US Open – it’s all about ball manoeuvring
        1179 17  - US Open it’s all about ball manoeuvring An excellent field, combined with a long and challenging layout, makes it hard to predict who will win the second major of the year. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN Tiger Woods won his 73rd PGA Tour title last Sunday with
        PHOTOS: REUTERS, AFP  -  1,179 words
    • MOTORING
      • Article, Illustration
        Lock icon POWER OF THREE
        656 18  -  The new Opel models have the same Ecotec 1.4-litre engine but come in different packages. By Samuel Ee samuelee@sph.com.sg NEW Opel dealer Auto Germany is launching its new showroom at 7 Ubi Close with a bang by introducing a trio of new models. All three may have
        656 words
      • Article, Illustration
        Lock icon Maximum performance
        638 19  -  With its sporty but subtle M bodykit, the M550d is a picture of understatement. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FOR the driving enthusiast who likes the capabilities of a high-performance car but does not want a hardcore, track-focused machine from the M motorsport division, BMW has
        PHOTOS BY SETH  -  638 words
      • Article, Illustration
        Lock icon A pattern of unpredictability
        568 20  -  Hopefully, teams can get to grips with their tyre trouble to show what real racing is all about. f1 watch By Samuel Ee samuelee@sph.com.sg WHEN is a hole not a hole? The answer, according to Formula One, is when it’s a slot. The hole saga started
        PHOTOS: AP, REUTERS  -  568 words
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      772 8 / 9 wine&dinewith BTWeekend Chatterbox Level 5, Mandarin Orchard Singapore, 333 Orchard RoadZ6831-6288 Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Its new premises on Level 5 has a refreshing yet down to earth look in earthy hues of green and beige. Feast on its
      772 words
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      100 13 Pursuit of excellence Keppel Integrated Engineering (KIE) is a leading global provider of environmental solutions and engineering services. Offering a range of water and thermal technologies, KIE provides clients reliable and advanced solutions at all times. 108 Pasir Panjang Road, #02-01 Golden Agri Plaza Singapore *****5 Tel: (+65) 6267 6800
      100 words
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      32 14 HOME NEE S Give your house a fresh coat of paint! To find out more, turn to CLASS 112 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT
      32 words
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