The Business Times, 3 August 2012

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Total Pages: 40
1 40 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E Friday, August 3, 2012G MICA (P) 120/08/2011
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  • 1207 1  -  Sales numbers hide the fact that units are now smaller and mainly in the suburbs By KALPANA RASHIWALA [SINGAPORE] When you read about units being snapped up at a record pace, you might think that the property market is sizzling. But buried
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  • 582 1  -  Trading of F&N, APB shares suspended before offer D-Day By EMILYN YAP [SINGAPORE] Shares in Fraser and Neave (F&N) and its unit Asia Pacific Breweries (APB) were suspended from trading yesterday, before a potential decision by F&N today on whether it
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,036.19 (-14.89) HST INDEX FUTURES 3,009.00 (-15.00) HSIMSCI 350.26 (-1.38) HSIMSCI FUTURES 348.80 (-1.10) US$ S$ US$ (S$ per US$) 1.246 (US$/S$ per 1.554 1.936 EURO (US$/S$/€) 1.226 1.528 Foreign currency per US$ S$ YEN 78.50 63.00 RM 3.128 2.510 HK$ 7.755 6.222 BAHT 31.53 25.29 RUPIAH
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    • 47 1 Thursday Change KL COMP 1,633.45 +0.98 NIKKEI 225 8,653.18 +11.33 HANG SENG 19,690.20 -130.18 SET INDEX closed JAKARTA COMP 4,093.11 -37.35 MANILA COMP 5,293.40 -5.32 SEOUL COMP 1,869.40 -10.53 SHENZHEN B 571.17 -1.91 MUMBAI IND 17,224.30 -33.02 12noon EDT Change DOW 12,829.69 -141.37 NASDAQ 2,901.30 -18.91
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    • 18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.576 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg
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  • Page 1 Advertisements
    • 98 1 EXEC LIFESTYLE Zooming in on S’pore directors PAGE 34 CORPORATE RESULTS OCBC Q2 profit rises 12% PAGE 5 FIBRE NETWORK OpenNet appeals against tighter deadlines PAGE 4 THE ROAD LESS TRAVELLED Breathing life into a community PAGE40 WATERFRONT HOUSING BRIDGES PAST AND PRESENT I PAGE 20 Plus a special BT
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    • 2 1 *****1 *****4
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  • TOP STORIES
    • 710 2 Move disappoints investors seeking explicit measures to stimulate economy Reuters AFP [FRANKFURT] The European Central Bank (ECB) will gear up to buy Italian and Spanish bonds on the open market but would act only after eurozone governments have activated bailout funds to do
      Reuters; AFP; REUTERS  -  710 words
    • 513 2  -  Republic topped only by US, E&Y-Cass poll shows By ANDREA SOH [SINGAPORE] The Republic is the second most attractive place in the world to conduct mergers and acquisitions (M&A), ranking only behind the US, a survey released yesterday showed. And in an indication
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    • 598 2 Reuters [WASHINGTON] The Federal Reserve stopped short of offering new monetary stimulus on Wednesday even as it signalled more strongly that further bond buying could be in store to help a US economic recovery that it said had lost momentum this year.
      Reuters  -  598 words
    • 449 2 LATEST US DATA Bloomberg [WASHINGTON] Orders placed with US factories unexpectedly declined in June, reflecting less demand for business equipment and the biggest decrease in bookings for non-durable goods in more than three years. The 0.5 per cent drop in bookings followed
      Bloomberg  -  449 words
    • 505 2 Busting the myth of a hot property market WHEN you read about units being snapped up at a record pace, you might think that the property market is sizzling. But buried beneath the headline numbers, two distinct trends appear to puncture this myth. Not only is the average
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    • 645 4  -  New decision is rewriting of original contract, says ‘disappointed’ firm By VICTORIA HO [SINGAPORE] OpenNet is appealing against the government’s decision to impose a minimum timeframe on its installation of the national fibre network. The Infocomm Development Authority (IDA) said yesterday that from Jan
      YEN MENG JIIN  -  645 words
    • 337 4  -  By MICHELLE TAN [SINGAPORE] Home buyers can now enjoy immediate approval for their housing loans with United Overseas Bank’s latest offering, the Split-Second Home Loan approval service. Officially launched yesterday, the service (which is linked to the Credit Bureau of Singapore and UOB’s credit
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    • 309 4 Reuters [SHANGHAI] China’s securities regulator stepped up efforts to restore confidence in the country’s sagging equities markets yesterday, making another round of cuts to transaction fees and encouraging companies to buy back their own stock. The China Securities Regulatory Commission (CSRC)
      Reuters  -  309 words
  • Page 2 Advertisements
    • 74 2 W* Knight Frank Estate Agent Licence No. L*****36J FOR SALE BY TENDER 18 MT ELIZABETH SURER PRIME REDEVELOPMENT OPPORTUNITY SSZW SUBJECT SITE 0 ■H.°mers et 1 Freehold; Residential, GPR 2.8 1 Land area -1,672 sq m 1 Approved GFA 4,913.374 sq m TENDER CLOSES ON 14 AUGUST 2012 (TUESDAY), 3.00
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  • Page 4 Advertisements
    • 841 4 SERIES Effective Leadership Customer Service Skills AUGUST 2012 FULL-DAY WORKSHOPS 27 Aug, 2012 (Mon) 23 Aug, 2012 (Thu) Unlock Your Personal Charisma The Unspoken Secret of the Successful SPH News Centre (9.30am to 6.00pm) Who should attend: What you will learn: How to connect with anyone (including difficult people) and
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  • COMPANY NEWS
    • 503 5  -  By TEH SHI NING STANDARD Chartered Bank Singapore’s first-half pre-tax profit rose 17 per cent to US$546 million from a year ago, largely due to robust wholesale banking earnings. This seventh consecutive rise in H1 profits came as H1 revenues for the
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    • 500 5  -  By LYNN KAN SEMBCORP Marine turned in second-quarter net profit of $142.8 million, down 4.6 per cent from $149.7 million in the same period last year, due to lower operating profit from rig-building projects. Its earnings underperformed the estimate of $162.7 million from
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    • 633 5  -  First-half hits record $1.48b, but CEO warns of slower loan growth and narrower margins By EMILYN YAP OCBC Bank’s second-quarter net profit rose 12 per cent year-on-year to $648 million on the back of higher net interest income, fee earnings, trading revenues and lower
      BLOOMBERG  -  633 words
    • 688 6  -  HOCK LOCK SIEW By R SIVANITHY ON Tuesday the Singapore Exchange (SGX) announced an ambitious drive to engage retail investors by educating them on the long-term advantages of equity investing as part of retirement planning. If it’s properly executed, the benefits of such a
      688 words
    • 590 6  -  By LEE MEI XIAN PARKWAY Life Real Estate Investment Trust (PLife Reit) has posted a sec-ond-quarter distribution per unit of 2.48 cents, up 4.6 per cent from 2.37 cents a year earlier. The distribution, payable on Sept 6, translates to an annualised
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    • 504 6  -  By KENNETH LIM PROPERTY developer Fragrance Group posted a decline in second-quarter net profit as wage costs at new hotels dragged down quarterly profit for newly listed subsidiary Global Premium Hotels 43.7 per cent. Fragrance said net profit attributable to shareholders
      FILE PHOTO  -  504 words
    • 526 6  -  Rules mustn’t deter foreign companies seeking listing here By ANDREA SOH SOME of the proposals that have been put forward to protect retail investors of troubled firms would be difficult to enforce, industry experts said yesterday. They also cautioned that it
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    • 396 6  -  By JAMIE LEE LIPPO Malls Indonesia Retail (LMIR) Trust posted a 44.3 per cent jump in distributable income for the fiscal second quarter yesterday, boosted by contributions from two retail malls that were acquired at the end of last year. But this
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    • 413 10 Its finances and fundamentals don’t justify its premium valuation REUTERS BREAKINGVIEWS Reuters [NEW YORK] Manchester United is counting on investors to behave like soccer fanatics. The English club’s committed supporters expect nothing short of greatness, an ethos that carries through to
      Reuters  -  413 words
    • 467 10  -  By TEO SI JIA WATER solutions company Hyflux recorded a 21 per cent increase in net profit to $17.51 million for the second quarter ended June 30 from the previous year on greater contributions from its Asian markets. Earnings attributable to
      FILE PHOTO  -  467 words
    • 221 10  - PhillipCapitalbroadens reach abroad By KENNETH LIM PHILLIPCAPITAL is taking advantage of global uncertainty to grow its overseas presence, managing director Loh Hoon Sun said yesterday. His comments came as the brokerage announced that it had expanded into Cambodia, India and Dubai, bringing its global footprint to 16 countries. “Phillip is
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    • 422 10  -  This will improve communication between parties By CAI HAOXIANG EXTERNAL auditors should be more candid in their official assessments rather than giving template statements, said a report on audit effectiveness. This will improve communication between auditors and directors and shareholders, directors noted in
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    • 305 10  -  By JASMINE NG CHINA Aviation Oil Singapore (CAO) recorded a 25.2 per cent year-on-year fall in second quarter net profit to US$14.39 million, despite higher trading volumes sending its Q2 revenue up 50.3 per cent to US$3.71 billion. This was mainly due to lower contribution
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    • 297 10  -  By ANGELA TENG COMFORTDELGRO has embarked on an A$53 million acquisition in Australia, a move that will cement its Australian subsidiary’s position as the largest private bus operator in the country with a total fleet of more than 1,500 buses. The Singapore-head-quartered land transport group which
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    • COMPANY BRIEFS
      • 137 10 UNITED Overseas Insurance posted a 40.5 per cent year-on-year increase in net profit to $10.04 million for the second quarter ended June 30. Gross premiums written increased 20.1 per cent to $34.2 million and net earned premiums increased 56.8 per cent to $13.40
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      • 73 10 MILLENNIUM Copthorne Hotels’ headline profit rose 31 per cent in the first half, helped by stronger growth in Asia, but the hotelier said it was seeing a slowdown in some hospitality markets as a result of the eurozone crisis. The group said headline pre-tax
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      • 62 10 ROXY-PACIFIC Holdings’ net profit rose 8 per cent year on year to $17.73 million for its 2012 second quarter from a restated $16.49 million. Revenue grew 13 per cent to $52.72 million, attributed to gains in the property development and hotel ownership segments.
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      • 84 10 BBR Holdings reported a 37.1 per cent year-on-year decrease in earnings to $2.92 million for the second quarter ended June 30. Turnover decreased 53.4 per cent to $59.11 million due mainly to decreased revenue recognised from general construction projects, and partially
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      • 98 10 EZION Holdings yesterday said it has been awarded a third contract, worth US$71 million, to provide full logistics and support services activities for the haulage of equipment and modules for the development of LNG facilities on Curtis Island in Queensland, Australia. The contract
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  • Page 7 Advertisements
    • 399 7 Enjoy a position oj van tage come what may Wherever life takes you, you can still have the upper hand. That's why we developed PRUCrisis Cover Vantage to supplement the PRUVantage suite of Wealth Management Products. As one of the market leaders in critical illness protection. Prudential is the first
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  • SINGAPORE MARKETS
    • 602 8  -  STI drops 14.89 points to 3,036.19 in low volume; Hongkong Land again plays key role in index’s movements STOCKS R SIVANITHY Senior Correspondent After rising 53 points between Monday and Wednesday, the Straits Times Index (STI) yesterday dropped 14.89 points to 3,036.19 in low volume.
      Source: Bloomberg  -  602 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 7 7 0 0 0 2 7 7 Manufacturing 41 49 37 6 2 10 47 51 47 Commerce 20 21 19 2 3 5 22 24 24 Tpt/Stor/Comms 13 16 11
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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,481 8,481 45,338 45,338 Manufacturing 251,375 124,113 375,488 176,392 1,572 177,964 Commerce 176,345 4,171 180,516 82,824 259 83,083 Tpt/Stor/Comms 69,982 22,680 92,662 137,696 5,629 143,324 Finance 19,657 509 20,166 130,419 205 130,624 Construction 57,533 4,432
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    • 111 8 Stock name Close Change CapMallsAsia 1.650 +0.010 CapitaLand 3.050 +0.010 CapitaMall 1.970 -0.015 CityDev 11.680 -0.010 ComfortDelGro 1.690 +0.010 DBS Grp 14.690 -0.120 F&N 8.150 GLP 2.290 -0.040 Genting SP 1.295 +0.005 Golden Agri 0.725 +0.005 HK Land 6.170 -0.330 JMH 51.600 -0.140 JSH 31.870 +0.380
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    • 66 8 Aug 2 VALUE CLOSE BT OB/OS -195.00 -74.00 BT CADI -*****.00 -35.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 698.69 -0.84 FTSE ST Small Cap 458.34 +0.63 FTSE ST All Share 733.48 -2.92 FTSE ST China Top 201.55 -1.69 FTSE ST China 222.08 -4.45 FTSE
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    • 58 8 VOLUME CPH 89,222,000 TT Intl 52,419,000 Golden Agri 50,118,000 Thai Beverage 42,466,000 NexGenSCom 33,958,000 Sakari 32,743,000 Yangzijiang 32,631,000 GSH Corp 30,758,000 Genting SP 22,077,000 HLH Grp 21,392,000 VALUE($) SingTel 69,727,021 OCBC Bk 53,427,730 Sakari 45,473,335 HK Land 39,521,887 DBS Grp 38,508,643 Golden Agri 36,416,985 Yangzijiang 32,061,332 UOB
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    • 871 8  -  Compiled by CONRAD TAN CapitaLand Aug 2 close: $3.05 OCBC INVESTMENT RESEARCH, Aug 2 CAPITALAND announced Q2 2012 net profit of $385.9 million down 3.3 per cent y-o-y. Adjusting for revaluations and impairments, we estimate core net profit at $179.5 million, which is broadly in line with expectations.
      Source: Bloomberg  -  871 words
    • 463 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies fell after US policy makers refrained from adding stimulus to spur growth, a move that may have prompted money managers to invest more in emerg-ing-market assets. Malaysia’s ringgit snapped a six-day rally, India’s rupee declined the most in more
      Bloomberg; AFP  -  463 words
    • 108 8 BY CENTS CLOSE UP CerebosPac 653 115.0 21.4 DBXT Nifty 10US$ 9640 94.7 0.8 DBXT MSEurope 10US$ 4162 79.8 1.6 DBXT SPASX200 10US$ 3402 68.5 1.6 JSH 3187 47.4 1.2 DBXT FTVietnam 10US$ 2298 34.9 1.2 Lyxor Asia EX 10US$ 402 33.7 7.2 Isetan 490 33.0 7.2 DBXT E50
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    • 124 8 BY CENTS CLOSE DOWN Pru 500US$ 1000 -186.9 -13.0 GLD 10US$ ***** -130.9 -0.7 HK Land 617 -41.1 -5.1 OCBC Bk 4.5%NCPS 100 ***** -40.0 -0.4 Lyxor China H 10US$ 1260 -22.4 -1.4 JMH 5160 -17.5 -0.3 UOB 5.05%NCPS 100 ***** -15.0 -0.1 OCBC Bk 944 -14.0 -1.5 DBXT
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    • 5 8 DAILY
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  • Page 9 Advertisements
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  • Page 10 Advertisements
    • 971 10 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF TERACOTT PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****5996G) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act
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    • 228 10 In the matter of the Companies Act, Cap 50 And In the Matter of (I) Wealth Management Consulting Pte Ltd (In Members’ Voluntary Liquidation) (Registration No.: *****0203Z) (II) Matric Holdings Pte Ltd (In Members’ Voluntary Liquidation) (Registration No.: *****0198N) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to
      228 words

  • SINGAPORE NEWS
    • 613 11  -  With current global uncertainties, Evonik is banking on Asian markets By RONNIE LIM GERMANY’S Evonik Industries which just broke ground yesterday on Jurong Island for its 500 mil-lion-plus euro (S$768 mil-lion-plus) animal feed nutrients plant is going ahead to build another 250
      REUTERS  -  613 words
    • 697 11  -  By GRACE LEONG SMILE Inc Dental Surgeons has lost its appeal against a High Court ruling that had thrown out its breach of employment contract lawsuit against a former employee who had opened his own clinic nearby. In a judgment released yesterday,
      697 words
    • 461 12  -  He also says Asean must show it is able to reach consensus on sensitive issues By LEE U-WEN THE failure of Asean’s foreign ministers to issue its customary joint statement at the close of their annual meeting last month has “dealt
      461 words
    • 147 12 A SCAFFOLDING and part of the multi-storey car park of the former UIC Building along Shenton Way collapsed at around 4.30 pm yesterday. The building, which is disused and undergoing demolition, is opposite the DBS Building. An excavator was also
      147 words
    • 431 12  -  By JASMINE NG CHATEAU Eliza, a freehold residential re-development site along Mount Elizabeth, is back on the market after three failed collective sale attempts. This time, the owners are looking to lower the current reserve price of $108 million further, said marketing agent
      431 words
    • 229 12  -  By LEE U-WEN DBS Group Holdings has appointed one of its chief operating officers, Derrick Goh, as the new head of POSB from Oct 1 this year. He will take over the post from current POSB chief Koh Kar Siong, who in turn
      229 words
    • 529 12  -  By KENNETH FOO HEALTHCARE professionals and medical device importers will pay lower fees for unregistered devices brought in under a scheme to fulfil unmet medical needs. The Health Sciences Authority (HSA) announced yesterday that charges for importing medical devices under the Special Authorisation Routes
      529 words
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  • ECONOMY WATCH
    • 659 13 Wednesday’s fiasco traced to Jersey City-based trading firm Knight Capital The Washington Post [NEW YORK] Trading glitches on Wednesday morning threw stock exchanges into a tizzy, the latest in a series of problems that have raised fundamental questions about the integrity
      The Washington Post  -  659 words
    • 359 13 Reuters [SYDNEY] Australia’s office vacancy rate dropped to a three-year low in July, with experts seeing limited supply driving rental growth and growing competition among investors bringing down yields in coming years. The office vacancy rate tightened to 7.8 per cent in
      Reuters  -  359 words
    • 347 13 Bloomberg [SYDNEY] Australia unexpectedly recorded a trade surplus in June as fuel imports declined and shipments abroad stagnated. The local currency rose as a separate report showed stronger retail sales. Exports outpaced imports by A$9 million (S$11.8 million), from a revised A$313 million
      Bloomberg  -  347 words
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  • MALAYS IA/IN DON ESI A
    • 870 14 But pace of credit growth triggers warning flags for some countries Reuters [KUALA LUMPUR] Young Malaysians already in debt from college are buying smartphones on credit, low-income Indonesians are going into debt to buy motorbikes and Filipino couples are being helped
      Reuters; FILE PHOTO  -  870 words
    • 629 14  -  Regulator to ensure AirAsia’s market share isn’t too much By S JAYASANKARAN in Kuala Lumpur MALAYSIAN budget carrier AirAsia’s Indonesian business partner PT Fersindo Nusaperkasa has said it will comply with all domestic aviation rules concerning the low-cost airline’s recent acquisition of Batavia
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    • 457 14  -  By PAULINE NG in Kuala Lumpur SHARES of Lafarge Malayan Cement, the country’s largest cement maker, rose 4 per cent yesterday after it raised prices by 6 per cent on Wednesday, in a move developers have slammed as unreasonable. The Master Builders
      457 words
    • 342 14 [JOHOR BARU] Iskandar Regional Development Authority (Irda) is looking at having more theme parks in Iskandar Malaysia. Chief executive officer Ismail Ibrahim said the development of the new theme parks could be at other zones in Iskandar and not necessarily in Nusajaya. “It will be
      IRDA  -  342 words
  • Page 14 Advertisements
    • 962 14 wats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MCS CASHMERE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****8567D) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OF THE COMPANIES ACT (CAP.50)
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    • 196 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PPEM PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****4816K NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed Company will
      196 words

  • GREATER CHINA/INDIA
    • 633 15 Retail sales grew 13.7% in June, the slowest pace since February last year Bloomberg [HONG KONG] For years, China’s increasing affluence fuelled surging sales for consumer companies. That boom is waning as slower spending translates into inventory overloads, discounting, and
      Bloomberg  -  633 words
    • 574 15 Bloomberg [MILAN] China Railway Construction Corp agreed to buy a 15 per cent stake in Inter Milan from the Moratti family, valuing the Italian football club at 500 million euros (S$768 million), according to two people familiar with the talks. The transaction
      Bloomberg; AP  -  574 words
    • 297 15 AP [GHAZIABAD, India] Work making potato chip display racks at Jayraj Kumar’s factory barely paused when much of India’s power grid collapsed. The backup generators kicked in automatically and the electric saws, presses, and welding machines kept running, just like they do
      AP  -  297 words
  • Page 15 Advertisements
    • 276 15 AN ASME-LIANHE ZAOBAO AWARD Singapore Prestige Brand Award 12 Make The Right Branding LAST CALL FOR ENTRIES! DEADLINE 13 August, 12 noon tm HP Move With SPBA In today’s uncertain marketplace, successful brand-building is about making game-changing moves driven by far-sighted planning and well-timed opportunities. Does your Brand have the
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  • WORLD
    • 943 16 Critics allege huge tax avoidance scheme, call for closing of loopholes AFP [WASHINGTON] Apple has more than US$81 billion parked overseas. Microsoft has US$54 billion, Google US$43 billion and Cisco US$42 billion. Being flush with cash is a good thing,
      AFP  -  943 words
    • 349 16 Reuters [MELBOURNE] Australia’s competition regulator said that it would not oppose a US$2.1 billion bid by Rupert Murdoch’s News Corp for pay-TV stakeholder Consolidated Media Holdings, clearing the way for billionaire James Packer’s exit from media as he pursues gaming. The nod for
      Reuters  -  349 words
    • 624 16 NYT [NEW YORK] A federal jury awarded US$1 billion in damages to the crop biotechnology leader Monsanto on Wednesday, saying that its archrival DuPont had willfully infringed a patent covering Roundup Ready soybeans. The eight-person jury, in US District Court in St Louis,
      NYT; BLOOMBERG  -  624 words
    • 632 16 NYT [SAN FRANCISCO] Facebook shares fell nearly 4 per cent on Wednesday to US$20.88 nearly half of what they were worth when the company went public on May 17. It has been a tough week for Facebook. Last Thursday, the company’s shares declined 8.5
      NYT; AFP  -  632 words
    • 780 17 Low auto demand could cost over 500K jobs as carmakers seek to stop losses Bloomberg [STOCKHOLM] Efforts by PSA Peugeot Citroen and Fiat SpA to end losses in Europe could cost more than 500,000 people their jobs as automakers and parts suppliers grapple
      Bloomberg; AFP  -  780 words
    • 544 17 Staff transferred to HK, S’pore in bid to reduce expenses Bloomberg [TOKYO] Goldman Sachs Group Inc led foreign banks in accelerating job cuts at their Japanese brokerages last fiscal year as employees relocated to other Asian financial centres and firms trimmed costs
      Bloomberg  -  544 words
    • 656 17 Bloomberg [DUBAI] US-led sanctions against Iran are costing Opec’s third-largest producer US$133 million a day in lost sales without raising global crude prices, handing US President Barack Obama an election-year for-eign-policy victory. Shipments from Iran have plunged 1.2 million barrels per day
      Bloomberg  -  656 words
    • 464 17 Bloomberg [TORONTO] Some of Canada’s biggest financial institutions gained ownership of the country’s main stock exchanges, derivatives bourse and securities clearing house after sealing a C$3.73 billion (S$4.6 billion) takeover of the Toronto Stock Exchange owner. Maple Group Acquisition Corp, whose 12 members include
      Bloomberg  -  464 words
    • 575 17 Reuters [TOKYO] Sony slashed its forecast for 2012/13 operating profit, while rival Sharp announced its first job cuts in over 60 years; as Japan’s electronics industry continues to struggle under a strong yen, foreign competition and the lingering eurozone crisis. Sony also
      Reuters; REUTERS  -  575 words
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  • LONDON OLYMPICS 2012
    • 455 18  -  His time of 53.63 seconds is nearly half a second off his personal best and national record of 53.18 seconds By LEE U-WEN [SINGAPORE] Joseph Schooling’s maiden Olympic outing ended yesterday as he failed to make the cut for the men’s 100m butterfly
      REUTERS  -  455 words
    • 546 18 Two of its players sent home for throwing a match AFP AP Reuters [JAKARTA] Indonesia yesterday called for Olympic organisers to review the format of the badminton competition after two of its players were disqualified for throwing a match. Greysia Polii and her partner Meiliana
      AFP; AP; Reuters  -  546 words
    • 763 18 Wild and wacky themes at national hospitality houses AP [LONDON] Russia wants to knock your socks off. Denmark is stylish and sophisticated. Ireland is up for a party on a budget. There are more than 200 countries at the Olympics, and they have
      AP  -  763 words
    • 459 18 While Aussie rower Booth lands up in hospital after binge AP [LONDON] They were the two sides of the games the drinking games. As Australian rower Josh Booth was detained by police and hospitalised after overindulging, British cyclist Bradley Wiggins was celebrating Olympic
      AP  -  459 words

  • Page 19 Advertisements
    • 149 19 PLEASURES “I enjoy more rewards and benef its by paying my subscr i pt ion direct l y t o SP H.” “Subscr i bing t o Straits Times (S T Pr int O n l ine and Mobile packages br ings me wonder ful gifts.” Sure-GetGiftswithanySubscriptionPackage forAll-in-OnePackagesSpecialBuy inSensationalDrawWinPrizes whenyousignupforanysubscriptionpackage.
      149 words

  • PROPERTY
    • 1128 20  -  Such spaces also provide citizens with opportunities to experience nature amid an urban landscape, says WANG XIN MIN WANG XIN MIN [SINGAPORE] WHILE the Singapore River is often recognised as a symbol of Singapore's transformation from Third World to First, embodying both its
      KEPPEL  -  1,128 words
    • 626 22 Linking up with local artists, hotels turn public spaces, rooms into mini-galleries AP [DALLAS] Hotel rooms are no longer just a place to shower, sleep or maybe indulge in a breakfast in bed. They’re now also spots to pick up a souvenir and
      AP  -  626 words
    • 733 22 Henry Sy’s firm to spend 63b pesos in next 3 years to add 18 shopping centres Bloomberg [MANILA] Philippine billionaire Henry Sy’s shopping mall developer is planning to spend 63 billion pesos (S$1.9 billion) in the next three years to add as many as
      Bloomberg; AP FILE PHOTO  -  733 words
    • 132 22 AP [NEW YORK] An octagon-shaped penthouse in midtown Manhattan is on the market for US$100 million. The 8,000 square foot apartment features six bedrooms, nine bathrooms and a wraparound terrace with 350-degree views of the city. It has an internal elevator and a wine room
      AP  -  132 words
    • 242 24 Packer’s group considers incorporating a VIP-only gaming facility at resort Bloomberg [SYDNEY] Lend Lease Group, Australia’s biggest property developer, signed an exclusive agreement with billionaire James Packer’s Crown Ltd to build a six-star hotel resort at its Barangaroo South site in
      Bloomberg  -  242 words
    • 934 24 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN JULY 4 AND JULY 10, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED 76 Shenton Apt 04/07/2012 99 592 1120 1892 District 5 NON-LANDED Carabelle Apt
      934 words
  • Page 20 Advertisements
    • 444 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE SANDY ISLAND Sentosa Sandy Island. Land 8077/7828 sqft. Basement carpark. To view call Anthony Chua 9022 3000 D04 HOUSE FOR SALE SENTOSA COVE Rare Sentosa tropical bungalow. Unblocked sea view, spacious luxury living, 5-room, with pool. Steve Tay
      444 words
    • 91 20 D10 HOUSE FOR SALE TENERIFFE Teneriffe townhouse. 3-storey with basement. 3163 sqft, 4+2. Spacious. Quiet. Greenery. Amenities. View: joannehomes.com Jo 8282 1368 D11 HOUSE FOR SALE BINJAI PARK Binjai 11,000/ 8,000 sqft. Modern Luxurious, TOP ’08. Featured in Magazine. Pool. 5-room. JS 9847 2283 D11 HOUSE FOR SALE ONE MOUNT
      91 words

  • Page 21 Advertisements
    • 279 21 D11 HOUSE FOR SALE WATTEN ESTATE ECG Dynamic Alliance. Watten Estate. Inter-terr 1700/ 3700sqft. $4.xM Good school/ location Timothy Huang 9766 7772 D13 HOUSE FOR SALE BRADDELL HEIGHTS 10,000/ 8,500 sqft Braddell Tropical Bangalow. 7 room. Nice garden, pool, patio. Elevated. Rare plot. Sole Agent Dan Lim 9853 4988 D13
      279 words
    • 214 21 D15 HOUSE FOR SALE BROADRICK ROAD Elevated, Broadrick, Detached House with Garden. 5+1 rooms. 4500 5000 sqft. 20m wide frontage! James 9765 2795 D15 HOUSE FOR SALE BUNGALOW Open House Landed Stories Bunglw Goodman, 2-storey attic, 6+1 bdrms (ensuite). Roof Gdn, 16m Swimming Pool. 9230 9575 (Billy Ong) HSR D15
      214 words
    • 225 21 D15 HOUSE FOR SALE SEMI-DETACHED Open House Landed Stories Semi-D Toh Estate. 2-storey +attic, 5+1 (Ensuite), S/pool. Double loft Dining. Freehold. 9230 9575 (Billy Ong) HSR D15 HOUSE FOR SALE SIGLAP ECG Dynamic Alliance. Siglap 2-storey Semi-D Freehold. 3000 sqft 4-rms. Original. Off main road. Call now 9226 7772 D15
      225 words
    • 206 21 D16 HOUSE FOR SALE JALAN PARI BURONG ECG Dynamic Alliance. Jalan Pari Burong Semi-D 3-storey 2240sqft 5-rm. Face North/ West. Freehold. Call 9226 7772 D16 HOUSE FOR SALE PARBURY ECG Dynamic Alliance 3-storey Terrace Parbury. 6+1 rms. Elevated. Renovated. Amenities. Call SK 9277 7772 D16 HOUSE FOR SALE RIVIERA DRIVE
      206 words
    • 229 21 D19 HOUSE FOR SALE B BERWICK DRIVE Open House 1-5pm 76A Berwick Drive. 2.5-sty. Semi-D with Lift Lap Pool. Land 2645/4500sqft. 5+1. Face S.E. Jasmine 8100 0086 SGlanded.net D19 HOUSE FOR SALE CHUAN TERRACE Chuan Terrace. Modern 1800/ 3500 sqft. Quiet. 2 minutes to Chomp Chomp. 99 years. Ask $2.3M.
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  • Page 22 Advertisements
    • 482 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements MATS'LL D19 HOUSE FOR SALE SERANGOON GARDENS Serangoon Gardens 2.5-storey Semi-Detached. 2157 3700 sqft. 6+1 ensuite. Rebuilt 6 years. Walk to Park. Call Ben: 8100 0055 SGlanded.net D19 HOUSE FOR SALE SERANGOON GARDENS Serangoon Gardens Bungalow, 5400 sqft, like new, 5 room
      482 words
    • 114 22 D23 HOUSE FOR SALE PAVILION CIRCLE ECG Dynamic Alliance. Rare! 3-storey roof terrace. Semi-detached Pavilion. Freehold. Move in cond. S.Bai 9650 7772 D25 HOUSE FOR SALE JALAN BUMBONG Auction 28/8! Semi-D Jalan Bumbong off Woodlands. 2159/ 3230 sqft. Moved-in. Freehold. Asking $2.xM. 9792 2639 DTZ D26 HOUSE FOR SALE SPRINGLEAF
      114 words

  • Page 23 Advertisements
    • 258 23 D28 HOUSE FOR SALE TAMARIND ECG Dynamic Alliance. Tamarind 2-storey. Semi-d Big Garden. Freehold. 3850 sqft Good buy! Gerald 9366 7772 D28 HOUSE FOR SALE WAK HASSAN DRIVE Wak Hassan. Award Winning Bungalow! 99 years leasehold, Land 4500/ 3000 sqft Designer 3-rm Lap pool. 9818 9433 Serena Yeo D01 APARTMENT
      258 words
    • 225 23 D09 APARTMENT FOR SALE CITYVISTA RESIDENCES Don’t you deserve a home that mirrors your achievements? CityVista Res. 5 bdrms Penthse Pool roof terrace. 9160 sqft. Samuel 9815 3223 D09 APARTMENT FOR SALE GRANGE INFINITE Grange Infinite. Freehold. Brand new. 3/4 bedroom Orchard. Exclusive living!!! Best price from $2600 psf. D09
      225 words
    • 252 23 D10 APARTMENT FOR SALE LATITUDE Latitude. Immed move -in. Daily 10-6pm. Actual unit. 2-bedroom, 1324sqft, 3x units 3-bedroom, 1927sqft, $4.26M 4-bedroom, 2659 sqft, $5.86M D10 APARTMENT FOR SALE ORANGE GROVE RESIDENCES Urgent! Orange Grove Residences. 2400 sqft 4+1 near Orchard, corp. lease, like landed, balcony face pool. Dream Home! Jasarine
      252 words
    • 235 23 D12 APARTMENT FOR SALE NEW PROJECT LAUNCH Apartment for sale. 1-4 rooms. Good locations, Facilities, MRT, supermarkets. Good view! Singaporeans PRs welcome. D12 APARTMENT FOR SALE THE VERVE The Verve 441 sqft 1-room. Lap Pool/ Gym/ Car park. Amenities/ Shopping mall. Ask $750K David 8157 0682 D12 APARTMENT FOR SALE
      235 words
    • 258 23 D15 APARTMENT FOR SALE LAGUNA PARK Almost sold! 1615 sqft 3+1 rooms. Priced to sell! Blk B, C Low flr $1.45M; Blk C High flr $1.55M D15 APARTMENT FOR SALE RICH EAST GARDEN Resort living. Mais 2368sqft. F’hold 3+1. Huge balcony. Pool. Access to city/ airport/ amenities/ East Coast Park.
      258 words

  • Page 24 Advertisements
    • 491 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D16 APARTMENT FOR SALE TANAMERA CREST $6XX psf yet neg for condo facilities. MRT. 1593 sqft. 3+1. Tanamera Crest. 99 yrs. Unblock. Large balcony. Tenanted 4/2013. Victor 9069 8086 D16 APARTMENT FOR SALE Roger Ong 8333 3636 THE BAYSHORE The Bayshore. 2
      491 words
    • 129 24 D02 APARTMENT FOR RENT ICON Icon 1119 sqft 2 rooms. High floor. Sea view. Bright. Cosy. Full partial furnished. Full facilities. MRT Amenities. Immediate. Hurry! D04 APARTMENT FOR RENT CARIBBEAN KEPPEL BAY Caribbean Keppel Bay. 2 bedroomds. Fully furnished Bright and Windy. Canal view. Available end August. Near MRT/ eateries.
      129 words

  • Page 25 Advertisements
    • 538 25 D09 APARTMENT FOR RENT ROBERTSON BLUE 1) Robertson Blue 1688 sqft 3 1 balcony. Reno. 2) Martin 38 #10 floor. 1130 sqft 2 1 balcony. 9475 4785 www.michaelciola.com.sg D10 APARTMENT FOR RENT ARDMORE PARK Ardmore Park 4+1 2885 sqft. High flr. Unblocked greenery view. Partial furnished. Immediate. Also for sale.
      538 words
    • 265 25 D11 APARTMENT FOR RENT GLOUCESTER MANSION Gloucester Mansion. Near Newton MRT. City view. High floor. 4+1 bedrooms. 2045 sqft. Call 9189 1488 Hazel Tan D15 APARTMENT FOR RENT TIERRA VUE Rare! Tierra Vue. 2 bedrooms 980 sqft. Spacious. Quiet with privacy. 2 yrs lease partial furnished. Fr 1 August. $4.2K
      265 words
    • 141 25 D01 SHOP FOR SALE BOAT QUAY Boat Quay 1452 4500 sqft. 3+ mezzanine. tenanted, 999 years. River front. J&K 9385 0863 D03 FACTORY FOR SALE HENDERSON ROAD Launching soon! Rare! Freehold Industrial. 2121 sqft 4155 sqft. Modern and comprehensive with full facilities. Apple Lin 9685 5000 D08 SHOP FOR SALE
      141 words
    • 202 25 D14 SHOP FOR SALE JOO CHIAT ROAD Joo Chiat. Freehold 4-storey commercial. 1456/ 4365 sqft. Foreigners eligible. At valuation. Pat 9639 5098 D15 SHOP FOR SALE EAST COAST ROAD East Coast Road, 2-storey. Freehold shophouse. 3500 sqft. Can be rebuilt to 4-storey. Ask $6M. Good for redevelopment D19 FACTORY FOR
      202 words
    • 278 25 D01 SHOP FOR RENT RAFFLES PLACE Low rental. High ceiling commercial space. 3000 to 45,000 sqft. Showroom, office, restaurant. 9877 0555 D02 OFFICE FOR RENT REALTY CENTRE D02 Realty Centre 1300 sqft. 2 lifts. Minutes Tanjong Pagar MRT eateries. Ample parking. Vacant. $5.2K $4 psf neg! D08 OFFICE FOR SALE
      278 words

  • EDITORIAL & OPINION
    • 1080 26  -  Regionalisation and other such strategies make the brewer an attractive acquisition target By NITIN PANGARKAR The writer is associate professor at the Department of Strategy and Policy, NUS Business School IN recent weeks, many media headlines have been devoted to the competition among multiple
      BLOOMBERG  -  1,080 words
    • 770 26  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT IS an index of fear. Last week, interest rates on 10-year US Treasury bonds fell to 1.4 per cent. This was the lowest on record and less than present or expected inflation (generally
      The Washington Post Writers Group  -  770 words
    • 461 26 EDITORIAL HARDLY a day goes by in the US presidential campaign without the two leading candidates or their surrogates mentioning China and its alleged efforts to “steal” US jobs and destroy what remains of its manufacturing industries. The strategists behind the re-election campaign of Democratic
      461 words
    • 1454 27  -  While protecting consumers, it will also reward retailers with product quality strategies, but raise costs for those without By CHAN SZE YEE GERMIN ONG Chan Sze Yee is head of research and Germin Ong is research manager with the Institute of Certified Public
      ST FILE PHOTO  -  1,454 words
    • 883 27  - No QE3 from the Fed for now maybe later LEON HADAR Washington Correspondent RESISTING pressure from the financial markets and disappointing Obama administration officials and Democrats, the policymakers in the US Federal Reserve have decided not to pursue any dramatic monetary action at its meeting this week. At a time
      883 words
    • 385 27  -  LETTER TO THE EDITOR Tommy Wee President, Insurance and Financial Practitioners Association of Singapore WE refer to your editorial “Financial advisers must put clients first” (BT, July 13). We agree with your newspaper’s assertion that financial advisers (FAs) must align their
      385 words

  • Page 27 Advertisements
    • 103 27 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • AVIATION/SHIPPING
    • 654 28 They plan to address the greenhouse gas emissions issue within the ICAO Reuters [WASHINGTON] Seventeen countries opposed to an EU law that forces their air carriers to pay for the carbon they emit on flights to and from Europe reaffirmed they want to
      Reuters  -  654 words
    • 369 28 Reuters [FRANKFURT] Deutsche Lufthansa posted second quarter operating profit that beat consensus thanks to one-off effects from the restructuring of its troubled Austrian Airlines carrier. Operating profit for the three months through June rose by more than a quarter to
      Reuters; AP  -  369 words
    • 505 28 Bloomberg [HONG KONG] Orient Overseas (International) Ltd, operator of Hong Kong’s biggest container line, reported a 33 per cent decline in first-half profit amid rising fuel costs. Net income dropped to US$117 million in the six months to June 30, from US$175 million a
      Bloomberg  -  505 words
    • 258 28 SGX '000 Aug 2 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.23 -0.01 75 Cosco Corp 0.95 -0.02 5007 S$ Ezra Hldgs 1.01 0.01 4199 First Ship Lea 0.15 unch 1087 Freight Links 0.07 unch 300 Grand Banks 0.25 0.02 4216 Jaya Hold Ltd 0.56
      258 words
    • 466 28 EPA says cost of the scheme would come to US$3.2b by 2020 Reuters [WASHINGTON] A longplanned environmental regulation requiring ships to use cleaner, low-sulphur fuel while operating near the North American coast took effect on Wednesday, despite concerns that suppliers may
      Reuters  -  466 words
    • 661 28 Bloomberg [MUMBAI] India, the third-biggest buyer of Iranian oil, will offer statebacked insurance to tankers, helping the nation’s biggest sea carrier to resume cargoes from the Persian Gulf nation hit by international trade sanctions. Shipping Corp of India will soon start
      Bloomberg  -  661 words
    • 3437 29 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE STXPO TBN Antwerp/UK Destination STXPO TBN
      3,437 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 58 29 Experienced sh /p maintenanc services wanted Can they find your services here in the Shipping Times? TO ADVERTISE, CALI IOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in
      58 words
    • 18 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times
      18 words

  • Page 30 Advertisements
    • 146 30 TO ADVERTISE IN THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 I I 11— UUJIIVI JJ I IIVII J Shipping Times Publicise Your
      146 words

  • SINGAPORE STOCKS
    • 2758 31 Transaction date: Aug 2 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 132 92.5 AIMSAMPIReit 129.5 unch 154 131 129 129.5 130
      2,758 words
    • 214 32 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale ('000) High Low Buyer Seller C’vr
      214 words
    • 7950 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 0.94/ Aberdeen Asset Mat Asia Limited FM local Ccy Bond 0 9503/ European Opportunities 0.997/ Global
      7,950 words
    • 193 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 43.5 25.5 Genting HK US$ US33 +0.5 ***** 33.5 32.5 33 33.5 2172.9 Last 220 168 TanChongInt HK200 +3 33 200 200 200 204 4.3 3.5
      193 words
    • 902 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126.8 122.2 CIMB APAC Div 100S$D 126.8 126.1 127 103 95.8 CIMB APAC Div 100US$ US99.6 101 101.6 10.5 1278 1246 CIMBASEAN40 100S$D 1278 1285 1294
      902 words


  • FINANCE & COMMODITIES
    • 627 33 Aug 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8642.89 8705.91 8635.51 Sep12 8640.00 8705.00 8620.00 8625.00 ***** *****2 Dec12 8620.00 8620.00 8595.00 8560.00 20 ***** MSCI TAIWAN INDEX FUTURES SPOT 256.76 257.27 255.41 Aug12 255.20 256.30 254.70 ***** *****0 Sep12 255.40 255.60
      627 words
    • 373 33 In local curr In S$ In US$ dy yr dy yr dy yr Aug 1 Index Change Change Change Change Change Change World Preliminary 883.7 0.1 6.5 0.1 1.5 0.1 5.8 EAFE Preliminary 706.8 0.2 3.6 -0.1 -2.3 -0.1 1.8 Europe Preliminary 1068.5 0.6 4.1
      373 words
    • 137 33 As on 1 August 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT OCT2012 1614.20 1597.50 1605.30 53 INDIA GOLD (E-GOLD) FUT OCT2012 537.85 531.20 538.00 1594 GOLD FUT DEC2012 1621.60 1598.00 1607.50 768 CURRENCY EUR-USD FUT SEP2012 1.2340 1.2245 1.2261 3429
      137 words
    • 107 33 Aug 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 12 1682.50 1721.00 1736.00 1651.00 Sep 12 1638.75 1656.75 1675.50 1602.25 Nov 12 1629.00 1641.00 1660.00 1595.75 Jan 13 1620.75 1632.25 1650.25 1588.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 12 51.73
      107 words
    • 70 33 CRUDE OIL PRODUCTS Aug 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.46 0.68 WTI (Near Mth) 88.80 1.22 Dubai (1-Mth F) 120.08 -0.03 Tapis blend 108.09 -0.87 Minas 108.94 -0.62 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.22 0.66 Jet Kerosene 120.70 -0.24 US$/barrel OpecOil Basket
      70 words
    • 22 33 Aug 2 S$ Bid Offer 1-month 1.2462 1.2465 2-months 1.2461 1.2465 3-months 1.2459 1.2462 6-months 1.2447 1.2451 Source: OCBC
      22 words
    • 65 33 Aug 1 Aug Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1827.25 1853.25 3 months 1861.00 1889.00 Copper, Grade A(US$/tonne) Cash 7418.25 7551.50 3 months 7425.00 7560.00 Lead(US$/tonne) Cash 1871.25 1910.50 3 months 1884.00 1920.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • 80 33 Aug 1 COCOA (£/tonne) Close Prev High/Low Sep 12 1654 1629 1660/1634 Dec 12 1637 1613 1639/1616 Mar 13 1616 1586 1618/1591 May 13 1611 1585 1614/1589 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2212 2237 2248/2208 Nov 12 2192 2206 2213/2186 Jan 13 2157 2173 2180/2154 Mar 13 2146
      80 words
    • 1071 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 456 6.75 21 Conv Ratio Exer Baker Technology Ltd W*****6 0.1 1 32 4 310.00 3 Prem Best World Intl Ltd W*****5 0.6 1 30
      1,071 words
    • 470 33 Aug 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.054 6.676 0.855 8.130 58.459 99.336 0.823 11.866 3.279 1.295 98.953 43.891 1.307 8.723 1.028 31.433 33.056 0.675 1.048 Canada 0.949 6.336
      470 words
    • 62 33 Aug 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 2 mths 0.***** 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
      62 words
    • 135 33 Aug 2 GOLD(US$/oz) Aug 02 Jul 31 Hong Kong 1612.00 1630.00 Jul 31 Aug 01 Jul 30 London 1603.21 1619.16 1603.98 1619.93 Source: Thomson Reuters CAST BAR Aug 02 (S$) Selling Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 438 321 10gm 783
      135 words
    • 90 33 Aug 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 01-Nov-12 0.23 6-Month BS*****Z 24-Jan-13 0.23 1-Year BY*****T 02-May-13 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.1 100.15 100.12 5-Year N*****0Z 2.375
      90 words
    • 57 33 Aug 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 2900.0 2922.0 2910.0 2890.0 227 2716 Sep 12 2902.0 2932.0 2935.0 2901.0 2454 ***** Oct 12 2921.0 2945.0 2948.0 2905.0 ***** ***** Nov 12 2930.0 2953.0
      57 words
    • 156 33 Aug 2 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3059 1.3075 1.0479 1.0489 Canadian dollar 1.2399 1.2404 0.9951 0.9949 Euro 1.5281 1.5288 1.2262 1.2265 NZ dollar 1.0083 1.0098 0.8091 0.8101 Sterling pound 1.9357 1.9368
      156 words
    • 121 33 As at 9am Aug 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.334 1.271 Can dollar 1.270 1.210 Euro 1.562 1.488 Sterling pound 1.974 1.899 NZ dollar 1.037 0.988 US dollar 1.265 1.217 Local dollars to 100 units of foreign
      121 words
    • 161 33 Aug 2 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
      161 words

  • executive lifestyle
    • 1751 34  -  From making Singapore’s first zombie film to feting the most educated taxi-driver here, three local directors take a leap of faith to make a big splash in the film industry with their debut full-length features, writes DYLAN TAN writesDYLAN writesDYLAN TAN ‘Planning and knowing what
      1,751 words
  • Page 34 Advertisements

  • CINEMA/TV
    • Article, Illustration
      704 35  -  Total Recall, the reboot of the 1990 Arnold Schwarzenegger blockbuster, stars beefcake Colin Farrell and very little else, reviews GEOFFREY EU reviewsGEOFFREY reviewsGEOFFREY EU ARNIE’S back only he looks a lot like Colin Farrell. Not long ago, the odds of a big-budget remake of any Arnold Schwarzenegger movie
      PHOTOS: COLUMBIA PICTURES/FILE  -  704 words
    • 586 35  -  By HELMIYUSOF HBO’S new drama The Newsroom might entertain some smart, witty people but they’re not likely to be people who actually work in a newsroom. These people know that, for one thing, working in the newsroom is almost never as extraordinarily sensational as this
      586 words
    • 440 35  -  By DYLAN TAN THERE’S a bit of Disney magic in Wes Anderson’s latest film Moonrise Kingdom though it’s not the syrupy fairy-tale sort. As with his previous works, there’s always a happy ending but everything that comes before it is too odd for mainstream. But
      PHOTO  -  440 words
  • Page 35 Advertisements
  • Page 35 Miscellaneous
    • 326 35 CRYPTIC CROSSWORD Across 1 Shrewd fielder, a high flier (10) 9 Turn to abuse storyteller (4) 10 Swirling in and out in flood (10) 11 Possibly deduce it’s extracted (6) 12 Tried to get well? (7) 15 Fast food eaten without hesitation in German port (7) 16 Wild party with
      326 words

  • ENTERTAINMENT
    • 992 36  -  On Marilyn Monroe’s 50th death anniversary, her legend is now a pop culture phenomenon from cosmetic lines to spas and salons, reports JOCELYN NOVECKAP reportsJOCELYN reportsJOCELYN NOVECKAP AP ONLY 11 years after her death, Elton John sang his ode to Marilyn Monroe. “And I would have liked
      AP; PHOTOS: AP, AFP  -  992 words
    • 993 37  -  One of the original Beach Boys, Mike Love, talks to CHRISTOPHER LIM about touring fresh classics and new hits around the world, and to Singapore for the first time CHRISTOPHER LIM Growing up in the 1960s has turned out to be quite useful for The Beach
      WARNER MUSIC  -  993 words
    • Article, Illustration
      499 37  -  By TAN TECK HENG WITH a name like Toy Factory, you’d expect the theatre company to have a portfolio full of children’s plays. But Toy Factory has never shied from staging controversial works from 1991’s shockingly nihilistic Shopping and F**king to last year’s Equus, which saw young
      TOY FACTORY  -  499 words
    • 454 37  -  By CHRISTOPHER LIM FOLK singer-songwriters who grow up in rural paradises immersed in nature don’t usually end up as poster girls for cutting-edge technological music instruments, but Briton Jo Hamilton is a fascinating exception who defies stereotypes. She walks around with a battered notebook to jot her
      JO HAMILTON  -  454 words
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  • ARTS
    • 700 38  -  2011 Young Artist Award recipient Peter Sau fetes late great Kuo Pao Kun with a showcase of roles Sau fleshed out, writes CHEAH UI-HOON writesCHEAH CHEAH UI-HOON ONE ironic moment in the history of the arts in Singapore remains seared in the mind of actor and
      700 words
    • 542 38  -  By DYLAN TAN THERE’S a price to pay for success and Cirque du Soleil’s Saltimbanco winds up being a bit of a victim of doing its job too well. Created two decades ago, the Canadian troupe reinvented the circus concept simply by taking out
      PHOTOS: OLIVIER SAMSON ARCAND  -  542 words
    • AroundTown
      • Article, Illustration
        253 38 The Gift of Time: Step back into time with this exhibition by Hermes, installed at the Tanjong Pagar Railway Station. This exhibition is themed on The Gift of Time, by American artist Hilton McConnico, and the location is perfect given the locked-in-time feel of the station which stopped its
        HERMES  -  253 words
      • 218 38  -  Compiled by CHRISTOPHER LIM, DYLAN TAN, HELMI YUSOF, CHEAH UI-HOON The Jai Ho Concert: Sukhwinder Singh Live in Singapore: Fans of Bollywood movie soundtracks will know Sukhwinder Singh, whose singing has been lip-synced by stars such as Shah Rukh Khan. And he sang the famous hit Jai Ho from
        218 words
    • 576 38  -  By TAN TECK HENG SIGMUND Freud once said: “Every drawer, chest, or box, stands for the female genital.” This seemingly absurd idea became one of artist Salvador Dali’s central motifs he took the drawer as a symbol of concealed female sexuality. Take, for instance, his
      PHOTOS: CAPELLA SINGAPORE  -  576 words

  • WINE
    • 1301 39  -  Not all wines keep well, but those that do age gracefully are the very wonders of nature, writes N K YONG writesN writesN K YONG GROWING old is not a sin this is not in my defence. I came across this headline in one of the sections
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    • 707 39  -  By CHRISTOPHER LIM G OURMET Japan the sold-out gastronomic festival organised by SPH subsidiary Sphere Exhibits which started last month and ends on August 20, has featured some fascinating wine pairings with various permutations of Japanese cuisine. The cuisine itself has run the gamut from traditional
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    • 242 39 COMFORT GOES A LONG WAY. a The Regional Wing Of Singapore Airlines More journeys to treasure at silkair.com All-in 3D2N Free and Easy Packages from Medan '3 All-in 3D2N Free and Easy Packages from 388 Bandung All-in 3D2N Free and Easy Packages from 398 Penang All-in 3D2N Free and Easy
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  • THE ROAD LESS TRAVELLED
    • 1506 40  -  Dr Tham Meng Keat helps a tiny village in Nepal catch up with the rest of the world, writes GEOFFREY EU writesGEOFFREY writesGEOFFREY EU BANDIPUR, a picturesque settlement perched along a narrow mountain ridge in central Nepal about 150km from Kathmandu, was once a prosperous
      PHOTOS: DR THAM MENG KEAT  -  1,506 words
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