The Business Times, 11 August 2012

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Microfilm: NL32202
Total Pages: 48
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    21 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| AUGUST 11-12, 2012 S$1.00| MICA (P) 121/08/2011 Sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • Article
    Lock icon China trade decelerates
    32 1 GLOBAL SLUMP CHINA’S export growth in July plunged to just one per cent from the previous month’s 11.3 per cent, well below forecasts of about 5 per cent. 2
    32 words
  • Article
    Lock icon Export growth slows in Q2
    38 1 s’pore economy SINGAPORE’S non-oil domestic exports growth slowed sharply in the second quarter and could weaken further, but growth is expected to recover by the end of this year, IE Singapore said. 3
    38 words
  • Article
    Lock icon F&N shares hit new high
    40 1 TAKEOVER SAGA SHARES in Fraser and Neave rose to an all-time high after a married deal worth some $161 million prompted talk that Thai tycoon Charoen Sirivadhanabhakdi may be firming his hold on F&N. 4
    40 words
  • Article
    Lock icon SBS Transit Q2 profit slumps 53%
    32 1 ROUGH RIDE THE ride continues to be rocky for SBS Transit, which recorded a 53 per cent slide in Q2 net profit to $4.6 million. 12
    32 words
  • Article
    Lock icon We, the citizens of Facebook
    1048 1  -  S’pore has taken to the medium with uncharacteristic fervour By Joyce Hooi joyceh@sph.com.sg Singapore ON National Day, more than half of Singapore would have celebrated not just in real life but on Facebook, for a large number of Singaporeans proud to fly the red-and-white are
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  • Article, Illustration
    Lock icon S’pore economy dips 0.7% q-o-q in Q2
    1016 1  -  MTI sees tepid expansion for rest of 2012 on waning growth from tourism-related services By Teh Shi Ning tshining@sph.com.sg Singapore THE Singapore economy shrank in Q2 from the previous quarter as weaker global demand hit the outward-facing electronics and wholesale trade sectors. With
    Source: MTI  -  1,016 words
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  • TOP STORIES
    • Article
      Lock icon China trade decelerates amid slump
      585 2 July export growth plunges to just 1 from June’s 1 1 .3% AP Beijing CHINA’S trade and domestic demand have weakened even faster than expected, adding to pressure on Beijing for a more aggressive stimulus to boost the world’s second-largest economy out of its worst
      AP  -  585 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 GSTI 3,054.20 (+1.95) GSTI FUTURES 3,040.00 (+2.00) HSIMSCI 350.28 (-0.32) GSIMSCI FUTURES 350.00 (+0.60) Friday Change KL COMP 1,645.36 +2.84 NIKKEI 225 8,891.44 -87.16 HANG SENG 20,136.10 -133.35 SET 1,219.37 +1.67 JAKARTA 4,141.56 +10.39 MANILA 5,263.35 +6.74 KOSPI 1,946.40 +5.81 SHENZHEN B 572.36 -9.45 MUMBAI IND 17,557.70 -3.13 12noon
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.320 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 FOREX US$ S$ US$ (S$ per US$) 1.246 (US$/S$ per 1.559 1.943 EURO(US$/S$/€) 1.228 1.531 Foreign currency per US$ S$ YEN 78.50 63.00 RM 3.117 2.500 HK$ 7.758 6.224 BAHT 31.49 25.26 RUPIAH 9,478 7,604 RENMINBI 6.358 5.101 INDIAN RUPEE 55.37 44.42 A$ 0.951 0.763 NZ$ 1.235 0.991
        49 words
    • Article, Illustration
      Lock icon S’pore NODX growth slows sharply in Q2
      529 3  -  Recovery expected by end of the year, IE Singapore says By Conrad Tan conradt@sph.com.sg Singapore SINGAPORE’S non-oil domestic exports (NODX) growth slowed sharply in the second quarter and could weaken further, but growth is expected to recover by the end of this year,
      BLOOMBERG  -  529 words
    • Article, Illustration
      Lock icon F&N shares hit new high
      716 4  -  Stock surge comes amid talk Thai tycoon may be firming hold on F&N By Jamie Lee leejamie@sph.com.sg Singapore SHARES in Fraser and Neave Ltd (F&N) rose to an all-time high yesterday after a married deal worth some $161 million prompted talk that Thai tycoon Charoen
      716 words
    • Article
      Lock icon Keppel clinches US$950m deals from Petrobras
      495 4  -  By Lee Meixian leemx@sph.com.sg Singapore KEPPEL Corporation’s Brazilian unit has secured two contracts valued at US$950 million, (S$1.2 billion), lifting its year-to-date new orders to $8.4 billion and net order book to $13.9 billion. The contracts also inch Keppel closer to analysts’ estimates for
      495 words
    • Article, Illustration
      Lock icon US banks told to develop ‘recovery plans’
      919 5 Documents show how lenders were directed to craft proposals for staving off collapse Reuters Washington US REGULATORS have directed five of the country’s biggest banks, including Bank of America Corp (BOA) and Goldman Sachs Group Inc, to develop plans for staving off collapse
      Reuters; AFP  -  919 words
    • Article, Illustration
      Lock icon Prudential reports 33% jump in new sales in H1
      516 6  -  The $282m sales make it top-selling life insurer in S’pore with 22.7% market share By Siow Li Sen lisen@sph.com.sg Singapore NEW sales at Prudential Assurance Company Singapore jumped 33 per cent to $282 million in the first half of 2012, buoyed
      516 words
    • Article
      Lock icon Circulation auditor to cover all media formats
      351 6  -  By Lee U-Wen leeuwen@sph.com.sg Singapore THE digital editions of newspapers and magazines in Singapore will now also be included in the auditing and reporting of circulation numbers, the Audit Bureau of Circulations (ABC) Singapore announced yesterday. The new rules and guidelines, which apply
      351 words
    • Article
      Lock icon Copyright case: SPH amends claim against Yahoo
      352 6  -  By Malminderjit Singh msingh@sph.com.sg Singapore THE ink has not dried on this one. Just when the legal tussle between news giant Singapore Press Holdings (SPH) and Internet resources provider Yahoo seemed to be making ground towards a resolution, a new development has turned
      352 words
    • Article, Illustration
      Lock icon The Marq is 6th most expensive globally
      473 8  -  The Paterson Hill project designed by Hermès joins elite ranking of costliest homes in top world cities By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg Singapore THE Republic’s most expensive residential real estate, The Marq on Paterson Hill, was ranked sixth in a global comparison of
      473 words
    • Article, Illustration
      Lock icon Bolt wins 200m to make Olympic athletics history
      895 8 WP AP London USAIN Bolt led a Jamaican sweep of the Olympic 200 metres, winning in a time of 19.32 seconds and becoming the first man to win the 200 metres in consecutive Summer Games after becoming just the second to do
      WP; AP; REUTERS  -  895 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      54 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 House Hunt 34 LIVING Design/Dining L2-5 Dining L6 Shopping L7 Watches L8-9 Design L10-11 Beauty L12-13 Gadgets L14 Health L15 Sports L16 Golf L17 Motoring
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      39 3 i/v/V JACKPOT Estimated Draw on Mon, 13 Aug 2012 at 6.30nm at PoMo For details, visit www.singaporepools.com.sg Ip Yri) Always Play with care. [responsibly] Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE POOLS
      39 words
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  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      71 4 w Q Be in the thick of the action at the Formula 1 Night Race this year! The Singapore Recreation Club is situated atTurn 9 of the race circuit and we offer attract!ve hospitality packages. With panoramic views of the race track and all your F&B requirements catered for, there's
      71 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      20 4 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph,com.sg to publicise your IPOs other offerings WATS NOTICES W
      20 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 3
      15 4 Brand Your Assets Call 1800 289 8822 or -mail notices@sph.com.sg to publ your Financial Statements
      15 words
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      100 5 DIRECT FROM LONDON’S WEST END Am BOV^mW Louis Hoover’s tccc louishoover Official Multimedia Spa W). SinsTel A Production of: wt jBy%.SE If he played football like he sings, I'd sign him tomorrow. Sir Alex Ferguson When I played Louis' album And This Is Me I didn't listen for Sinatra. I
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      387 7 5KMROUTECentraltoMarinaBarrageDATE2September2012,SundayTIME7.45amtonoon Do your bit for the elderly* Walk the heritagetalk Go green and STRAITS $700Grab over worth of goodies *Part of the proceeds from registration will go to Project Helping Hands, TNP’s adopted charity which aims to install wireless motion sensors in the homes of elderly people who live alone.
      387 words
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  • WEEK IN REVIEW
    • THIS WEEK August 6-10, 2012
      • Article
        Lock icon Q2 GDP figure may not bring much cheer
        95 9 SINGAPORE is set to announce better final Q2 GDP figures than the quarterly contraction flash estimates showed, but this may not bring much cheer after global macro data and policy statements last week reinforced fears of a global slowdown and markets’ hopes
        95 words
      • Article
        Lock icon Harder to prosecute IDs in wake of Airocean ruling
        80 9 THE High Court’s recent acquittal of two former board members of Airocean Group may make it harder to prosecute independent directors of Singapore-listed companies, observers said. While Chief Justice Chan Sek Keong’s ruling maintained the status quo on insidertrading law, it
        80 words
      • Article
        Lock icon Aerospace park bites a chunk off Seletar camp
        92 9 MILITARY operations at Seletar Camp will be consolidated to operate out of a smaller area, as part of the camp is released to make way for the development of the aviation sector. Said Kenneth Liow, director of public affairs at the Ministry
        92 words
      • Article, Illustration
        Lock icon Stanchart ran rogue Iran unit: US regulators
        95 9 STANDARD Chartered Bank (SCB) ran a rogue unit that plotted with the Iranian government to dodge American sanctions and hide nearly US$250 billion in illegal transactions, US regulators claim. Its determination to subvert the US banking system was so systematic that the tactics
        REUTERS  -  95 words
      • Article
        Lock icon New twist in Tiger tale as Kindest puts in bid
        71 9 JUST when Heineken thought it had cleared a major hurdle in its bid to take over Asia Pacific Breweries (APB), a stone has been thrown in its path. Kindest Place Groups owned by the son-in-law of Thai Beverage’s founder Charoen
        71 words
      • Article
        Lock icon Cho Yaw to pass UOB chairman baton next year
        69 9 NOT a graduate, just lucky, he once said. That man known as Mr UOB will be stepping down as chairman of the bank, with Hsieh Fu Hua named as his successor. Wee Cho Yaw will relinquish his position at the bank’s
        69 words
      • Article
        Lock icon Growth forecast now capped at 2.5 per cent
        54 9 THE Singapore economy is now expected to grow 1.5 to 2.5 per cent this year, Prime Minister Lee Hsien Loong said on Wednesday. This cuts the top end of the government’s earlier 1-3 per cent forecast, while raising its bottom end by
        54 words
      • Article
        Lock icon APB and F&N shares up on Kindest offer
        62 9 INVESTORS yesterday jumped into the expensive takeover game unfolding around Asia Pacific Breweries (APB), propelling shares of the Tiger beer brewer and its parent, Fraser and Neave (F&N), to new peaks. APB surged 7.5 per cent, or $3.66, to close at a
        62 words
      • Article
        Lock icon Vietnam port in the doldrums
        49 9 A PORT complex once touted as Vietnam’s main gateway has seen its promise sink without a trace. Three years after the first of the five terminals which have since opened their wharves for business in Cai Mep International Terminal, they lie quiet and underused.
        49 words
      • Article
        Lock icon Red and white, old and new – 47, and counting
        49 9 Red and white, old and new 47, and counting THE Republic celebrated its 47th birthday on Thursday with a parade that incorporated familiar favourites as well as new elements. The 2012 National Day Parade for which the theme was Loving Singapore, Our Home was attended by about 26,000 spectators.
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    • Article
      Lock icon NEXT WEEK Aug 13-17, 2012
      68 9 US DATA Aug 14 July retail sales July PPI Aug 15 July CPI July industrial production Aug 16 July housing starts July building permits Aug 17 July leading indicators SINGAPORE DATA Aug 15 June retail sales and food and beverage services indices Aug 17 July
      68 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      316 9 Across 1 Lack of wood, ultimately, on our planet (6) 4 Despondency when daughter’s dismissed, getting the sack? (8) 10 Bush fellow changed history, beginning in Afghanistan (9) 11 Frequently in temper, blowing top (5) 12 Excited as room is filled with old sherry (7) 13 Hat for a hatter?
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      14 9 SATURDAY with Ludwig ‘We’re still waiting for the bronze medallist to finish the marathon
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Project Runaway Success
      2145 10 / 11  -  Net-a-Porter founder Natalie Massenet tells Jaime Ee how she turned the company from a dot-com start-up into an e-tailing juggernaut Jaime Ee jaime@sph.com.sg NET-A-PORTER’S massive London office has no walls. It’s a good two bus-stop walk from the glossy black front door to get past the reception,
      2,145 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SBS Transit Q2 profit slumps 53%
      692 12  -  Operating expenses rise 9.8% to $1 91 m due partly to higher staff costs By Cai Haoxiang haoxiang@sph.com.sg Singapore THE ride continues to be rocky for SBS Transit, which recorded a 53 per cent slide in Q2 net profit to $4.6 million. Higher bus
      FILE PHOTO  -  692 words
    • Article
      Lock icon Genting Singapore’s Q2 net profit falls 43%
      535 12  -  By Jasmine Ng jasng@sph.com.sg Singapore GENTING Singapore, which runs one of Singapore’s two integrated resorts, posted a 43 per cent fall in second quarter net attributable profit, despite better showings from its non-gaming business. Net profit for the three months ended June came
      535 words
    • Article, Illustration
      Lock icon ARA sets up US$500m China-focused fund
      491 13  -  The Cheung Kong affiliate posts 4% rise in Q2 profit to $1 5.4m; revenue jumps 1 5% to $29.1 m By Mindy Tan tanmindy@sph.com.sg Singapore ARA Asset Management has established a new US$500 million fund to target high-quality, in-come-producing office and retail properties in
      491 words
    • Article, Illustration
      Lock icon UOL posts 19% drop in Q2 net profit
      449 13  -  By Mindy Tan tanmindy@sph.com.sg Singapore UOL Group posted a 19 per cent year-on-year drop in net profit for the second quarter ended June to $171.7 million, dragged down by lower income from property development sales and reduced fair-value gains from investment properties.
      WOHA  -  449 words
    • Article
      Lock icon Golden Agri Q2 profit slides 40% to US$108m
      375 13  -  By Andrea Soh sandrea@sph.com.sg Singapore INDONESIAN plantation giant Golden Agri-Resources’ se-cond-quarter net profit slid 40 per cent from a year earlier to US$108 million, pressured by lower crude palm oil prices and congestion at ports in Indonesia. Earnings per share for the
      375 words
    • Article, Illustration
      Lock icon STI ends week with two-point gain
      955 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent European and us economic data provided the main focus in a holidayshortened week while index-wise, the Jardine group continued in the pivotal role it has occupied for most of the past few weeks. The pattern of trading in
      955 words
    • Article, Illustration
      Lock icon Man U IPO priced below range; club worth US$2.3b
      500 14 Reuters Washington MANCHESTER United Ltd’s initial public offering (IPO) priced well below its expected range on Thursday, valuing the British soccer club at only US$2.3 billion and shaving off as much as US$100 million from the anticipated proceeds for the team
      Reuters; REUTERS  -  500 words
    • Article
      Lock icon Flurry of trading in Hersing shares after privatisation offer
      461 15  -  Stock hits day-high 23¢, matching chairman’s offer price By Carine Lee carinel@sph.com.sg Singapore HERSING Corporation shares yesterday saw their most active day of trading in months with 2.33 million shares changing hands to close up 3.5 cents at 22.5 cents, following
      461 words
    • Business briefing
    • Article, Illustration
      Lock icon Kingsmen Q2 profit rises 15.3% to $5.17m
      394 15  -  By Ven Sreenivasan ven@sph.com.sg Singapore COMMUNICATIONS and events group Kingsmen Creatives boosted its second-quarter attributable profit by 15.3 per cent to $5.17 million from $4.5 million a year earlier, as revenue rose 25 per cent to $70.89 million this year. For the fiscal
      FILE PHOTO  -  394 words
    • Article, Illustration
      Lock icon Straco Q2 profit rises 58%; revenue up 25%
      294 16  -  Strong showing due to more visitors at attractions, higher ticket prices By Ven Sreenivasan ven@sph.com.sg Singapore STRONG visitorship and higher ticket prices boosted mainboardlisted Straco Corporation’s sec-ond-quarter net profit by 58 per cent from a year earlier to $5.91 million. Revenue for
      WWW.BILLYHUSTACE.COM  -  294 words
    • Article
      Lock icon SC Global posts Q2 loss of $21.7m
      306 16  -  By Jasmine Ng jasng@sph.com.sg Singapore SC Global Developments swung into the red in the second quarter ended June 30, 2012, recording a net loss of $21.72 million, compared with a net profit of $46.29 million in the year-ago period. The loss was mainly
      306 words
    • Article
      Lock icon BreadTalk’s Q2 profit up 9.2%
      289 16  -  By Teo Si Jia teosj@sph.com.sg Singapore SGX-listed F&B company BreadTalk Group has recorded a 9.2 per cent rise in earnings to $3.02 million for the second quarter ended June 30, from the corresponding period last year. Profit for the half-year rose 11 per cent to
      289 words
    • Article
      Lock icon Chuan Hup net earnings down 11% at US$44.5 m
      224 16  -  By Teo Si Jia teosj@sph.com.sg Singapore CHUAN Hup Holdings Limited posted a 10.9 per cent slide in its earnings to US$44.46 million for fiscal 2012 ended June 30. Turnover for the full year, however, more than quadrupled to US$249.47 million from
      224 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon CSG congestion to ease soon: Boon Wan
      551 17  -  HDB extends operating hours, works with contractors to spread out their deliveries By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg THE current congestion at Changi Staging Ground (CSG), where excavated materials are received for reuse later, should ease soon, said Minister for National Development Khaw Boon
      551 words
    • Article
      Lock icon Tuas South sites draw many bids, but few takers for Mandai Link
      486 17  -  By Teo Si Jia teosj@sph.com.sg A TENDER for four plots of land launched by JTC Corporation for Business-2 (clean and light uses only) development closed yesterday. The 240,745.62 square feet plot at Mandai Link with a 30-year lease
      486 words
    • Article
      Lock icon Cargill must pay former S’pore trader US$1.74m in deferred bonuses: judges
      298 17 Bloomberg CARGILL Inc, the biggest agricultural company in the US, must pay a former Singapore-based trader US$1.74 million in deferred bonuses, the appeals court in the Asian city ruled. “The employee is entitled to the bonus,” judges Andrew Phang,
      Bloomberg  -  298 words
    • Article, Illustration
      Lock icon GSS spending higher this year: MasterCard
      416 18  -  Spending on MasterCard cards up 7 per cent; retail sales expected to hold up By Kenneth Foo kenfoo@sph.com.sg SINGAPORE and foreign MasterCard cardholders splashed out US$1.4 billion during the two-month Great Singapore Sale (GSS) which ended in July this year, 7 per cent more
      FILE PHOTO  -  416 words
    • Article
      Lock icon Hitachi gets second order for synthetic rubber plant
      253 18  -  Asahi Kasei’s first such plant will be completed next year By Andrea Soh sandrea@sph.com.sg HITACHI Plant Technologies has received an order from Asahi Kasei Synthetic Rubber to build its second synthetic rubber plant in Singapore. This follows a previous order for the
      253 words
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  • WORLD
    • Article
      Lock icon Import prices fall in July for fourth month
      580 19 Unexpected 0.6% drop in import-price index, following 2.4% decline in June, reflects lower costs for fuel, food LATEST US DATA Bloomberg Washington PRICES of goods imported into the US unexpectedly fell in July for a fourth consecutive month, reflecting lower costs for
      Bloomberg  -  580 words
    • Article, Illustration
      Lock icon Noda furious over Lee’s trip to islets
      539 19  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Prime Minister Yoshihiko Noda last night issued a strong personal condemnation of his South Korean counterpart’s visit of an area over which both countries claim sovereignty. During a press conference at his official residence in Tokyo, the
      AP  -  539 words
    • Article
      Lock icon US regulator has grounds to shut StanChart in NY
      330 19 Bloomberg New York NEW YORK’S financial-services regulator has grounds to shut Standard Chartered plc in the state even if he accepts the firm’s argument that it illegally laundered only a fraction of the US$250 billion he claims. As the state’s top
      Bloomberg  -  330 words
    • Article
      Lock icon China quickens fiscal spending to fight slowdown
      379 20 Expenditure focuses on public housing, transport, health care and education Reuters Beijing CHINA’S fiscal spending jumped in July to 37.1 per cent from a year earlier, quickening from 17.7 per cent in June, official data showed yesterday, the latest evidence that the government
      Reuters  -  379 words
    • Article, Illustration
      Lock icon Crime fears go viral in Malaysia
      547 20 Social media is abuzz with anguish over the situation AFP Kuala Lumpur THE snatchers fear of crime is soaring in Malaysia as personal tales of abduction, assault and robbery go viral online, upping pressure on the authorities to respond and triggering scrutiny of official
      AFP  -  547 words
    • Article, Illustration
      Lock icon Thai rice industry in bad state, H1 exports down 45%
      931 21 Government promise to pay farmers double the market rate backfires Reuters Bangkok MILLIONS of tonnes of rice that no one wants; huge losses for the state budget; farmers more interested in quantity than quality; exporters throwing in the towel. Thailand’s
      Reuters; REUTERS  -  931 words
    • Article, Illustration
      Lock icon Investigations of Goldman Sachs end without penalty
      596 22 Justice Department says there’s “not a viable basis to bring a criminal prosecution” against the bank NYT New York FEDERAL authorities ended two investigations into the actions of Goldman Sachs during the financial crisis, handing a quiet victory to the bank after years
      NYT; PHOTO: AP  -  596 words
    • Article
      Lock icon UK regulator proposes Libor reforms
      538 22 Interest rate’s current structure and governance no longer fit for purpose: FSA Reuters London LIBOR benchmark interest rates are no longer “fit for purpose” and must be changed or replaced, Britain’s regulator said yesterday as he set out proposals to restore their credibility. The initial
      Reuters  -  538 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      475 20 In the matter of The Companies Act, Cap. 50 and in the matter of GLOBAL MARINE BOILER ENGINEERING PTE. LTD. (Co. Reg. No. *****2676D) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 8 Tuas Avenue 9 Singapore
      475 words
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  • Article
    Lock icon SGX
    8036 23 Transaction date: Aug 10 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 15.5 11.4 8Telecom 13.4 13.4 15.4 66.8 0.4 3.2 64.2 6 3.2 A-Sonic 3.7 3.7 4.2 3.5 26.5 AAT 2 halt 1.6
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  • Article
    Lock icon SGX CATALIST
    1762 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 $mil 20.5 12.1 t 800 Super 18.3 +0.3 11 18.4 17.9 18.2 18.4 4.7 3 7.1 32.7 4 2.5 t AA Grp 3.8 3 4.1 3.7
    1,762 words
  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 3 2 0 0 0 12 3 2 Manufacturing 58 38 47 17 5 5 75 43 52 Commerce 19 13 26 3 2 2 22 15 28 Tpt/Stor/Comms 15 14 12
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    790 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 6 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Aspial Corp 8-Aug-12 Koh Wee Seng Buy 600 0.39 *****7 14.13 *****7 14.17 Oceanus Group 7-Aug-12 Yu
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,494 32,494 99,815 99,815 Manufacturing 200,378 70,717 271,095 432,569 2,852 435,421 Commerce 181,014 7,024 188,038 148,501 553 149,054 Tpt/Stor/Comms 104,262 16,275 120,537 219,726 4,856 224,582 Finance 49,654 528 50,182 128,905 217 129,122 Construction 53,434 3,687
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 Aug 9 COCOA (£/tonne) Close Prev High/Low Sep 12 1666 1679 1683/1640 Dec 12 1667 1670 1675/1634 Mar 13 1642 1644 1647/1610 May 13 1639 1640 1643/1608 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2166 2179 2188/2165 Nov 12 2168 2177 2186/2166 Jan 13 2150 2158 2167/2146 Mar 13 2141
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    • Article
      Lock icon METALS
      69 27 Aug 10 GOLD(US$/oz) Aug 10 Aug 09 Hong Kong 1617.00 1622.30 Hong Kong Aug 09 Aug 08 London 1614.33 1614.60 1615.23 1615.40 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 34.97 34.32 Source: UOB PLATINUM/ Lon (US$/oz) Aug 09 Close Previous PM Fix 1411.00 1402.00 AM Fix 1414.00
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    • Article
      Lock icon PALM OIL
      57 27 Aug 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 2750.0 2817.0 2750.0 2750.0 1 1524 Sep 12 2825.0 2827.0 2843.0 2800.0 1327 ***** Oct 12 2861.0 2865.0 2885.0 2839.0 ***** ***** Nov 12 2869.0 2884.0
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      Lock icon GOVERNMENT SECURITIES
      90 27 Aug 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 08-Nov-12 0.24 6-Month BS*****S 07-Feb-13 0.24 1-Year BY*****T 02-May-13 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.08 5-Year N*****0Z 2.375 01-Apr-17 108.97
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      Lock icon INTERBANK CURRENCY RATES
      154 27 Aug 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3108 1.3116 1.0517 1.0522 Canadian dollar 1.2546 1.2550 1.0068 1.0065 Euro 1.5302 1.5310 1.2277 1.2282 NZ dollar 1.0088 1.0095 0.8094 0.8099 Sterling pound 1.9429 1.9434 1.5588 1.5591
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      Lock icon SMX MARKET UPDATE
      113 27 As on 8 August 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 538.45 534.15 538.90 1077 CURRENCY EUR-USD FUT SEP2012 1.2407 1.2333 1.2353 2315 BASE METAL COPPER FUT SEP2012 7566 7505 7541 4358 INDEX IRON ORE (MBIO) IDX
      113 words
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      Lock icon CHICAGO BOT
      103 27 Aug 9 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 12 1694.25 1630.00 1695.00 1633.75 Sep 12 1654.75 1600.00 1657.00 1595.25 Nov 12 1631.25 1581.25 1633.00 1576.50 Jan 13 1616.75 1574.00 1620.00 1570.00 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 12 52.39 51.58 52.47 51.54
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      Lock icon OIL
      68 27 Aug 9 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 111.53 0.13 WTI (Near Mth) 93.49 0.17 Dubai (1-Mth F) 107.56 1.33 Tapis blend 116.09 1.27 Minas 116.94 1.27 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.39 unch Jet Kerosene 127.45 unch US$/barrel OpecOil Basket Price 108.36
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Aug 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.347 1.283 Can dollar 1.285 1.224 Euro 1.566 1.492 Sterling pound 1.982 1.906 NZ dollar 1.038 0.989 US dollar 1.263 1.215 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon LONDON METALS
      69 27 Aug 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1861.50 1877.75 3 months 1900.00 1915.00 Copper, Grade A (US$/tonne) Cash 7530.00 7550.75 3 months 7534.00 7550.00 Lead (US$/tonne) Cash 1913.75 1903.00 3 months 1921.00 1911.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 9 Index Change Change Change Change Change Change World Preliminary 901.8 0.3 8.7 0.2 3.7 0.2 8.1 EAFE Preliminary 725.7 0.4 6.4 0.2 0.4 0.1 4.6 Europe Preliminary 1098.6 0.3 7.0
      373 words
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      Lock icon STOCKS
      107 27 Straits Times Index YTD change: +15.41% 52-week high: 3,086.94 on Aug 7,2012 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg Hang Seng Index YTD change: +9.23% 52-week high: 21,760.34 on Feb 20,2012 52-week low: 16,170.35 on Oct 4,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: -1.39% 52-week high:
      Source: Bloomberg  -  107 words
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  • PERSPECTIVE
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      Lock icon Worrying about ‘generation squeezed’
      932 28 / 29  -  The young in the US face two threats to their living standards the adverse effect of the Great Recession on jobs and wages, and the costs of an ageing America Robert Samuelson The Washington Post Writers Group IWORRY about the future not mine but that of
      The Washington Post Writers Group; BLOOMBERG  -  932 words
    • Article
      Lock icon Corruption isn’t black and white, it’s shades of grey
      823 28 / 29  -  By Akshay Chopra ~The writer is associate director of Corporate Executive Board, a business consultancy, and part of its emerging markets research team based in Singapore Misconduct and ethical issues have thrust global governments, financial institutions and media companies into the
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Seeking safer havens beyond Treasuries
        1521 30 / 31  -  Many US investors are turning to Norway, Sweden, Canada and Australia places that used to be on the fringes of the investing world. By Nathaniel Popper By Nathaniel Popper NYT New York THE pine-accented Manhattan outpost of Norway’s biggest bank, high in a Midtown skyscraper,
        NYT; OZIER MUHAMMAD/NYT  -  1,521 words
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        Lock icon BROKERS’ TAKE
        819 30 / 31  -  Compiled by Conrad Tan Neptune Orient Lines Hold DBS Group Research Aug 10 Aug 10 close: S$1.165 AS expected, Neptune Orient Lines (NOL) came close to breaking even in Q2 2012, with a core net loss of US$6 million, excluding US$29 million of restructuring costs and US$82 million
        819 words
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        Lock icon Oil-stock correlation rising
        875 32 Strengthening relationship underlines growing prospect of government stimulus Bloomberg New York OIL and stocks are moving the most closely together in two years on speculation central banks will loosen monetary policy to boost the economy, reducing crude’s appeal as a portfolio-diversifying investment. The 120-day correlation between price
        Bloomberg; AP  -  875 words
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        Lock icon What’s really scaring investors
        1016 33  -  Easy just to blame system glitches when investors are shunning equities more because of global economic problems. By By Andrew Ross Sorkin NYT New York LET’S stop with the excuses. You’ve no doubt been reading a lot about a “crisis of confidence” on Wall Street in
        NYT; BLOOMBERG; BLOOMBERG FILE PHOTO  -  1,016 words
    • WEALTH REAL ESTATE
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        Lock icon Americans buy Europe commercial property
        439 34 UK, Germany and France are top investment destinations in H1 Reuters bal commercial real estate sales fell 23 per cent to US$306.3 billion. That’s roughly US$100 billion lower than either the first or second halves of 2011, the report said. Within the major categories of
        Reuters  -  439 words
      • Article
        Lock icon Househunt
        677 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 11 AND JULY 17, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Altez Apt 13/07/2012 99 549 900 1639 District 3 NON-LANDED Twin Regency Apt 13/07/2012 FH
        677 words
      • Article
        Lock icon Koh Brothers partners Japanese firm to construct Pasir Ris residential project
        261 35  -  Okumura, with 20% stake, will focus on project management and quality assurance By Jasmine Ng jasng@sph.com.sg THE Koh Brothers Group has tied up with Japan’s Okumura Corporation to construct a 99-year residential project at Pasir Ris. This will mark
        261 words
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        Lock icon Olympic boost for London hotel occupancy, room rates
        266 35 Average room rates rose 87% while occupancy edged up Bloomberg London LONDON hotels’ average room rates rose 87 per cent for the Olympic Games and hoteliers reported a slight occupancy increase, according to data compiled by hotel industry researcher STR Global. Hotels
        Bloomberg; AP  -  266 words
      • Article
        Lock icon Goodman, Canada fund in US$890m industrial venture
        505 35 It will invest in areas close to big US ports, railroads, highways Bloomberg Seattle GOODMAN Group, Australia’s biggest industrial real estate investment trust by market value, said it formed an US$890 million partnership with the Canada Pension Plan Investment Board to develop and
        Bloomberg  -  505 words
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      131 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE WATCH THAT BROKE ALL THE RULES, REBORN FOR 2012. IN 1972, THE ORIGINAL ROYAL OAK SHOCKED THE WATCHMAKING WORLD AS THE FIRST HAUTE HOROLOGY SPORTS WATCH TO TREAT STEEL AS A PRECIOUS METAL. TODAY THE NEW ROYAL OAK COLLECTION STAYS
      131 words
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      65 1 LivingBTTHE BUSINESS TIMES WEEKEND AUGUST 11 -12 2012 GUEST CHEF Oiling up the gears L6 HOUSE BREW A growing number of local furniture makers and dealers are setting up their own cafe extensions L2-5 DESIGN Creative showcases L10-11 GOLF Finding the fun element in competitive golfing L17 BEAUTY Raising the
      65 words
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  • BT Living
    • DESIGN/DINING
      • Article, Illustration
        Lock icon HOUSE BREW
        3615 2 / 3  -  A growing number of local furniture makers and dealers are setting up their own cafe extensions as Debbie Yong finds out By Tay Suan Chiang taysc@sph.com.sg Debbie Yong debyong@sph.com.sg By Debbie Yong FIRST came the cafe operators who wanted to make their businesses more interesting by tossing a
        KITH BISTRO PHOTOS BY YEN MENG JIIN  -  3,615 words
    • DINING
      • Article, Illustration
        Lock icon Oiling up the gears
        1364 6  -  Michelin-starred Catalan chef and olive oil specialist Carles Tejedor raves about the unctuous lipids in what he believes is liquid gold. By Debbie Yong guest chef By Debbie Yong debyong@sph.com.sg THE idea of having to sit through a four-course menu featuring oil, oil, and more oil
        PHOTOS: CAPELLA HOTEL  -  1,364 words
    • SHOPPING
      • Article, Illustration
        Lock icon Ferragamo bling
        734 7  -  The Italian fashion house recently launched its first jewellery collection. By Tay Suan Chiang Ferragamobling By Tay Suan Chiang taysc@sph.com.sg YOU have the shoes. Now match them with the right jewellery. Such seems to be the thinking behind Salvatore Ferragamo’s first jewellery collection which was recently launched and
        734 words
    • WATCHES
      • Article, Illustration
        Lock icon Game on for watchmakers
        796 8 / 9  -  The 2012 Olympic Games might end tomorrow but luxury watch brands continue to pay tribute to its athletes and other world-class sportsmen with these exquisite timepieces. By Dylan Tan By Dylan Tan dylantan@sph.com.sg Audemars Piguet Royal Oak Leo Messi Limited Edition ($39,000 $107,000) Available at Audemars
        796 words
    • DESIGN
      • Article, Illustration
        Lock icon CREATIVE SHOWCASES
        1251 10 / 11  -  The World Architecture Festival and 100% Design Singapore events will help push Singapore closer to being a design hub. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg I N October, a battle will take place at Marina Bay Sands, but it has nothing to do with weapons
        MINISTRY OF DESIGN, SINGAPORE INSTITUTE OF ARCHITECTS, FILE PHOTOS; PHOTOS: A BALCONY, ALESSANDRO PADERNI, SMOOTREE  -  1,251 words
    • BEAUTY
      • Article, Illustration
        Lock icon Raising the beauty bar
        801 12 / 13  -  Aesthetics clinics and cosmetics firms are stepping up their game in the fight against ageing. By Corinne Kerk By Corinne Kerk btnews@sph.com.sg ALARM bells tend to go off when you have to sign an indemnity form before undergoing a facial treatment at a spa. Yet, despite
        801 words
      • Article, Illustration
        Lock icon Rooting out saggy skin
        340 12 / 13 JUST when you thought you knew everything about ageing skin, the researchers at SK-II come along and tell you that your sagging face is due to the decline in the skin’s epidermal root cell activity. As one ages, skin cell activation declines, leading to a drop
        340 words
      • Article, Illustration
        Lock icon Twice the power to fight ageing
        356 12 / 13 TWENTY-SEVEN years since its birth, Clarins’s anti-ageing Double Serum has undergone yet another makeover to appear in a totally different formula from the Double Serum Generation 6 that was launched in 2007. As its name suggests, there are actually two anti-ageing serums in one
        356 words
    • GADGETS
      • Article, Illustration
        Lock icon Gadgets that fly the red and white
        418 14  -  In the spirit of this week’s National Day festivities, Christopher Lim picks some appropriately coloured products Christopher Lim limchris@sph.com.sg Jabra HALO2 in white The HALO2 by Jabra is one of the better Bluetooth headphones geared towards music lovers rather than sports buffs, although
        418 words
    • HEALTH
      • Article, Illustration
        Lock icon Egging you on
        1156 15  -  The question is how many eggs can one eat without increasing the risk of heart disease? By Michael Lim ~Dr Lim 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,
        FILE PHOTO  -  1,156 words
    • SPORTS
      • Article, Illustration
        Lock icon Football business the Chinese way
        654 16  -  Lavish spending has drawn household names to China but only investing at grassroots level will help inspire more to play the game, helping the national team no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WHEN a team that could only finish 11th in a relatively mediocre
        AP  -  654 words
      • Article
        Lock icon 5 takeaways from the Olympics
        548 16  -  gold medal with steve dawson ~Steve Dawson is a presenter on ESPN SportsCenter, broadcast every weekday at 7.30pm. Catch the London 2012 Olympic Games on ESPN STAR Sports (mio TV 130-144). Updated programme schedules are at www.espnstar.com/olympics JUST two days remain at the London 2012
        548 words
    • bt corporate golf league 2012 |
      • Article, Illustration
        Lock icon Finding the fun element in competitive golfing
        1188 17  -  After a sizzling start to the competition last week, Team SunMoon and Team Cerebos will be looking to continue their momentum. By Justine Moss By Justine Moss btnews@sph.com.sg THE second leg of the 2012 Business Times Corporate Golf League tees off next Thursday,
        1,188 words
    • MOTORING
      • Article, Illustration
        Lock icon SIMPLY ELECTRIC
        590 18  -  BMW ActiveHybrid 5 represents the latest in petrol-electric hybrid technology. By Samuel Ee samuelee@sph.com.sg AS THE top-of-the-line 5 Series model here, the BMW ActiveHybrid 5 represents the latest in petrol-electric hybrid technology. But thanks to the Green Vehicle Rebate, it is still priced lower than the BMW 535i
        590 words
      • Article, Illustration
        Lock icon Down Opel’s memory lane
        674 19  -  For car lovers, the Opel Museum must surely be fascinating for its wide collection. By Samuel Ee samuelee@sph.com.sg TUCKED away in the sprawling Opel factory in Ruesselsheim, Germany is what seems like an anachronism a small workshop with grimy windows, dwarfed by the modern buildings. But
        674 words
      • Article, Illustration
        Lock icon TOP TOYOTA
        641 20  -  The new 86 can be ordered as a relatively basic car or loaded up with modifications. By Samuel Ee By Samuel Ee samuelee@sph.com.sg APART from its classic front engine, rear-wheel-drive layout, another nice thing about the new Toyota 86 is that it can be ordered as a relatively
        641 words
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      1222 12 / 13 wine&dine with BTWeekend Mandarin Court Relish authentic Cantonese cuisine especially created by Executive Chinese Chef Kong Hing Sun of Mandarin Court Chinese Restaurant. Famed for its authentic Cantonese cuisine, intimate ambience and impeccable service, the restaurant has garnered many awards over the years. With freshness and natural flavours being the
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