The Business Times, 17 August 2012

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Microfilm: NL32203
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, August 17, 2012
    25 words
  • Article, Illustration
    Lock icon Factory to the world sees demand slip away
    848 1  -  China’s manufacturers see others eat their lunch as costs rise, demand falls By SHU-CHING JEAN CHEN in Hong Kong ADIDAS closed its only fully owned manufacturing operations in China last month just as its larger rival Nike had done two years ago.
    AFP  -  848 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,062.89 (+0.78) EST INDEX FUTURES 3,058.00 (unch) HSIMSCI 351.53 (-0.16) GSIMSCI FUTURES 352.00 (+1.40) us$ s$ US$ (S$ per US$) 1.252 (US$/S$ per 1.565 1.959 EURO (US$/S$/€) 1.227 1.536 Foreign currency per US$ S$ YEN 79.20 63.30 RM 3.132 2.502 HK$ 7.757 6.197 BAHT 31.58 25.22 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,650.09 -3.69 NIKKEI 225 9,092.76 +167.72 HANG SENG 19,962.95 -89.34 SET INDEX 1,224.40 -2.43 JAKARTA COMP 4,160.51 +18.52 MANILA COMP 5,219.51 -47.15 SEOUL COMP 1,957.91 +0.95 SHENZHEN B 580.23 +3.50 MUMBAI IND 17,657.21 -70.99 12noon EDT Change DOW 13,220.43 +55.65 NASDAQ 3,054.88 +23.95
      48 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA ***** TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg
      17 words
  • Article, Illustration
    Lock icon Rising grain prices cast a dark global shadow
    837 1  -  Even rice may join the upward march of other grains By ANDREA SOH [SINGAPORE] Relatively stable rice prices are sheltering regional economies from the food cost spikes seen elsewhere, but this could change. Rice prices could rise and hurt economies in the
    FILE PHOTO  -  837 words
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      196 1 THE ROAD LESS TRAVELLED Woman with the Midas touch page 38 EXEC LIFESTYLE Re-living S’pore theatre’s salad days PAGE 32 COMPANIES Far East H-Trust IPO priced at 93 cents PAGE 5 Starting an airline, buying a football club, owning an F1 racing team AirAsia’s Tony Fernandes has done it all,
      196 words
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      8 1 PROPERTY CLASSIFIEDS A 6-page special section Pages 18-23
      8 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      477 2 Factory to the world sees demand slip away ADIDAS closed its only fully-owned manufacturing operations in China last month just as its larger rival Nike had done two years ago. This time, however, Adidas’s move out of Suzhou is causing widespread alarm in China. It could signal a
      477 words
    • Article
      Lock icon JPMorgan, Barclays among banks to get Libor subpoenas
      594 2 Bloomberg [NEW YORK] JPMorgan Chase Co and Barclays plc are among seven banks subpoenaed in New York and Connecticut’s investigation into alleged manipulation of Libor, according to a person familiar with the matter and company filings. Subpoenas were sent in recent weeks
      Bloomberg  -  594 words
    • Article, Illustration
      Lock icon New post-grad accounting course takes off next June
      564 2  -  The Singapore Qualification Programme is seen easing talent crunch By LYNN KAN [SINGAPORE] The Singapore accountancy sector will kick off the Singapore Qualification Programme (Singapore QP) a parttime post-university accountancy qualification course next June, finally catching up with the United Kingdom, Hong
      Source: Accounting and Corporate Regulatory Authority and ACCA  -  564 words
    • Article, Illustration
      Lock icon Robert Walters: best to free labour market
      612 2  -  Tightening policies on foreign workers against S’pore creed By CHUANG PECK MING [SINGAPORE] The head of one of the world’s biggest professional recruitment firms thinks it’s “a bit of a shame” for Singapore to tighten its rules on foreign workers. “Singapore has always
      DANIEL JONES  -  612 words
    • Article
      Lock icon Europe’s growing problems darken China trade outlook
      702 2 Reuters [BEIJING] China’s trade outlook for this year is worsening, darkened especially by growing problems in Europe, the Commerce Ministry said yesterday as it revealed the longest run of falling inward investment growth in the economy since the 2008-09 global crisis. The ministry
      Reuters  -  702 words
    • Article, Illustration
      Lock icon Maybank posts record H1 profit of RM2.8b
      504 4  -  Biggest Malaysian bank group cites robust expansion across most sectors By PAULINE NG By in Kuala Lumpur MALAYSIA’S Maybank made a record profit of RM2.8 billion (S$1.1 billion) on revenue of RM13.5 billion for the first six months of the year, benefiting from
      BLOOMBERG  -  504 words
    • Article
      Lock icon Investors win appeal to press case against UBS
      794 4  -  By GRACE LEONG [SINGAPORE] Two elderly Indonesian investors will have their day in court after all, as they press on with a US$5 million unauthorised trading claim against UBS. The ruling by the Court of Appeal spotlighted several issues, including whether financial
      794 words
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      84 4 THE STRAITS TIMES my i Enjoy The Straits Times. Select your Sure-Get Gift. The pleasure is all yours! 'c'9 #9 o OTO Digital Blood Pressure Monitor u.p. $138 OTO e-Cuddle Neck Shoulder Massager o 9. u.p. $180 OTO e-Twirl Foot Massager u.p. $268 OTO e-Shape Slimming Belt u.p. $298 'Subscription
      84 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Far East H-Trust IPO priced at 93 cents
      632 5  -  Stapled security issue is largest public offering in Singapore this year By MINDY TAN IN the largest initial public offering (IPO) in Singapore this year, Far East Organization has priced the sale of its Far East Hospitality Trust (Far East H-Trust) at
      ARTHUR LEE  -  632 words
    • Article
      Lock icon Technology M&A deal value slows in Q2: study
      383 5  -  By LEE MEI XIAN GLOBAL economic uncertainty may have caught up with the technology industry, where the deal value of mergers and acquisitions (M&A) slipped 43 per cent to US$33.4 billion in the second quarter, from US$58.3 billion a year ago. But
      383 words
    • Article
      Lock icon Moody’s ratings downgrade for SingTel, Optus unit
      450 5  -  Group committed to maintaining investment grade credit rating: SingTel By JOYCE HOOI AFTER foreign exchange rates tightened the screws o n S i n g T e l s f i sca l first-quarter earnings rel ease d on T ues d a
      450 words
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      362 5 db aesthetics asia 2012 EXHIBITION CONGRESS Register TODAY and quote "AA-TBT' to enter the FREE Sunsoul Draw. SOUTH EAST ASIA'S LARGEST EVENT FOR MEDICAL AESTHETIC DISCIPLINES. OVER 150 INTERNATIONAL BRANDS ACROSS 14 COUNTRIES! OVER 20 PRIZES TO BE WON DAILY! k. Closing date: 10-9-2012 i ft Scan Code Kg) who
      362 words
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      223 5 Full stamp duty reimbursement furnishing package* mm 3 ■A <S V v l g V -J? > fc j.11 ifijm 1 r/i i „iT A if Life’s Distinction. Your Residence. Embrace the opulence of life at Helios Residences where you revel in the best of Singapore's prime district. At the
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Asia stocks weaken after strong start
      589 6  -  Backdrop of conflicting newsflows from China and caution ahead of more US economic data STOCKS VEN SREENIVASAN Senior Correspondent ASIAN markets ended mixed as they were caught in the cross-winds of conflicting newsflows from China and wariness ahead of more US economic data. fter
      Source: Bloomberg  -  589 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Aug 16 VALUE CLOSE BT OB/OS 31.00 +32.00 BT CADI -*****.00 +84.00 BT 10-day MA -*****.00 +3.00 FTSE ST Mid Cap 704.48 +0.22 FTSE ST Small Cap 465.87 +3.02 FTSE ST All Share 740.15 +0.43 FTSE ST China Top 204.14 +1.17 FTSE ST China 222.58 +1.08 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME GSH Corp 191,793,000 Genting SP 149,305,000 TT Intl 141,590,000 Noble Grp 99,003,000 Golden Agri 83,211,000 NexGenSCom 79,499,000 Annica 54,337,000 Thai Beverage 43,871,000 GMG Global 43,724,000 Yangzijiang 42,226,000 VALUE($) Genting SP 203,360,108 SingTel 128,324,382 Noble Grp 125,543,700 Wilmar 61,857,710 Golden Agri 59,567,934 Yangzijiang 43,567,740 Keppel Corp 38,433,860
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 3 7 0 0 0 6 3 7 Manufacturing 59 39 33 8 7 9 67 46 42 Commerce 23 14 21 4 3 5 27 17 26 Tpt/Stor/Comms 15 14 13
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      962 6  -  Compiled by KENNETH LIM Midas Holdings Aug 16 close: $0.35 OCBC Investment Research, Aug 16 IN LINE with its earlier profit guidance, Midas Holdings reported a dismal set of Q2 2012 results, with net profit plunging 97.5 per cent y-o-y and 89.6 per cent q-o-q to 1.6 million
      Source: Bloomberg  -  962 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,510 13,510 60,002 60,002 Manufacturing 287,114 97,244 384,358 253,784 2,563 256,347 Commerce 584,323 8,451 592,774 217,904 572 218,476 Tpt/Stor/Comms 142,767 14,457 157,224 256,714 4,605 261,319 Finance 30,215 1,726 31,941 89,196 726 89,922 Construction 65,888 4,215
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.650 -0.020 CapitaLand 3.060 -0.010 CapitaMall 1.940 CityDev 11.450 ComfortDelGro 1.695 +0.005 DBS Grp 14.660 +0.040 F&N 8.400 -0.100 GLP 2.380 -0.010 Genting SP 1.345 +0.035 Golden Agri 0.715 +0.005 HK Land 6.110 -0.050 JMH 53.870 +0.220 JSH 34.430 +0.600 Jardine
      111 words
    • Article, Illustration
      Lock icon US$ hits 1-month high vs yen; euro up
      431 6 CURRENCIES Reuters [NEW YORK] The US dollar hit a one-month high against the yen yesterday as US data showed new jobless claims rose in the latest week, amid cooled expectations for further monetary easing by the Federal Reserve. The dollar pared gains
      Reuters; BLOOMBERG  -  431 words
    • Article
      Lock icon RISES
      112 6 BY CENTS CLOSE UP GLD 10US$ ***** 108.9 0.6 JSH 3443 75.1 1.8 DBXT Nifty 10US$ 9841 46.3 0.4 DBXT MSKorea 10US$ 5702 35.0 0.5 DBXT MSJAP 10US$ 3533 30.0 0.7 JMH 5387 27.5 0.4 DBXT MSINDO 10us$ 1497 20.0 1.1 OCBC Bk 4.5%NCPS 100 ***** 20.0 0.2 Hyflux
      112 words
    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN DBXT USDIGInfl 5US$ ***** -863.5 -2.4 DBXT iBoxxKR 5US$ ***** -171.4 -1.0 Jardine C&C 4836 -129.0 -2.6 DBXT FTChina25 10US$ 2642 -45.1 -1.3 DBXT S&P Short 10US$ 3606 -32.5 -0.7 Lyxor China H 10US$ 1277 -28.8 -1.8 F&N.ES.1208 842 -20.0 -2.3 DBS Bk 4.7% NCPS
      122 words
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      1145 7 First Only Singapore-Focused Hotel And Serviced Residence Hospitality Trust IPO Closes on 23 August 2012, 12.00 pm Distribution Yield Far East Hospitality Trust (“Far East H-Trust”) is the first and only Singapore-focused hotel and serviced residence hospitality trust listed on the Main Board of the Singapore Exchange Securities Trading Limited
      1,145 words
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  • COMPANY NEWS
    • Article
      Lock icon Offer to take Superior M-P private
      411 8  -  Goh Cheng Liang, Crown Holdings unit offering 14 cents a share By KENNETH LIM TYCOON Goh Cheng Liang is trying to take Superior Multi-Packaging private. Mr Goh’s investment vehicle, Pianissimo Ltd, and a Singapore unit of US-listed Crown Holdings are offering 14 cents per
      411 words
    • Article
      Lock icon NOL appoints non-exec director
      197 8  -  By LYNN KAN NEPTUNE Orient Lines has appointed Quek See Tiat, former deputy chairman of PricewaterhouseCoopers Singapore, a non-executive director its latest step in board renewal. Mr Quek, who is chairman of the Building and Construction Authority, will join the NOL board on Sept 1. He
      197 words
    • Article
      Lock icon Darco loss bigger in restated FY09 figures
      355 8  -  By JASMINE NG DARCO Water Technologies’ restated financial statements for FY2009 shows a net loss of $24.8 million, more than double the $11.5 million previously reported. The restated net loss of $24.8 million (including minority interests) comprised $21.8 million from continuing operations and
      355 words
    • Article
      Lock icon Otto Marine wins another contract in Africa
      194 8 OFFSHORE marine company Otto Marine has clinched a US$10 million time-charter contract for its maintenance and construction/accommodation support vessel, Seasafe Supporter. The contract is for 500 days with an option to extend for two months. This is expected to contribute US$10 million based
      194 words
    • Article
      Lock icon Analysts more upbeat on KS Energy after H1 results
      518 9  -  Possibility of group breaking even this year after big loss in FY11 By CARINE LEE KS Energy’s first-half results have fuelled optimism that the group may this year emerge from the huge loss it suffered in the preceding financial year. “Business
      518 words
    • COMPANY BRIEFS
      • Article
        Lock icon OCBC unit selling stake in Pacific Mutual Fund
        151 9 OCBC Bank said that its wholly owned subsidiary, OCBC Capital (Malaysia) Sdn Bhd, is selling its 85 per cent stake in Pacific Mutual Fund Berhad (PMFB) for RM40 million (S$16 million). This will see Lion Global Investors Limited (LGI) acquire a 70
        151 words
      • Article
        Lock icon Swiber raising stake in Atlantis to 98.8%
        49 9 SWIBER Holdings Limited will be acquiring a further 49.5 per cent interest in Atlantis Navigation AS for US$18.3 million. With the purchase, Swiber will hold 98.8 per cent interest in the investment holding company through wholly owned subsidiary Swiber International Pte Ltd.
        49 words
      • Article
        Lock icon GLNG project: Thakral to build more houses
        109 9 THAKRAL Corporation will be building another 56 houses for lease to GLNG Operations Pty Ltd in Gladstone, Queensland, Australia. The move comes on the heels of the recent successful completion of the delivery of the first 45 houses for lease to GLNG under
        109 words
      • Article
        Lock icon Metax Engg expects losses for FY2012
        63 9 METAX Engineering Corporation said it expects to report a loss for the financial year 2012, ended June 30 this year “mainly due to the company and its subsidiaries not being able to secure sufficient projects to cover the fixed costs of the water and
        63 words
      • Article
        Lock icon China Gaoxian gets extension from SGX
        90 9 CHINA Gaoxian Fibre Fabric Holdings has obtained approval to submit and implement its trading resumption proposal by Jan 25, 2013. Under the conditions for extension, Cao Xiangbin and his associates will have to be removed from their directorial and management positions upon or prior
        90 words
    • Article
      Lock icon ASX reports first profit decline in three years
      346 9 Bloomberg [SYDNEY] ASX Ltd, operator of Australia’s main stock exchange, posted its first decline in annual profit since 2009 after Europe’s debt crisis sapped trading appetite and the company lost its domestic monopoly. Net income in the 12 months to June 30
      Bloomberg  -  346 words
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      Lock icon Page 8 Advertisements Column 1
      366 8 When something’s just right, you know it Like classic design, fine European coffee and pastries will always be just right. A light, flaky croissant, creamy steamed milk, the aroma of fresh espresso. At Tuxedo we pay tribute to this art by making the things you love, fresh daily, from scratch,
      366 words
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      158 9 off 2 nd item 25% off 1 st item Plus $7 00 voucher Conditions apply 6281 5688 or 6757 p www.gnclGpm.sg E WELL r a WATCH THE WORLD WATCH YOU. THE NEW ASTON MARTIN V8 VANTAGE HAS ARRIVED. "n r~ ASTON MARTIN So have you. An understated union of performance,
      158 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Improving audit quality still a major challenge: Minister
      605 10  -  Josephine Teo also urges partners to be more involved in audit engagements By LYNN KAN BETTERING audit quality remains a major challenge for Singapore’s accountancy profession, said Minister of State for Finance Josephine Teo yesterday. Ms Teo said it was a “cause
      605 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon MBFC Tower 3 signs up tenants
        62 10 MARINA Bay Financial Centre has signed on new tenants at its Tower 3 office building, raising its overall commitment level to over 70 per cent to 890,000 sq ft. The new tenants which include Mead Johnson, Berge Bulk, Clifford Capital and Clyde Co come
        62 words
      • Article
        Lock icon Victoria Street site up for sale
        105 10 THE Urban Redevelopment Authority yesterday launched a site at Victoria Street/Jalan Sultan for sale by public tender. The land parcel, which was on the Reserve List, was made available for sale following an application from a developer which has committed to bid at a
        105 words
      • Article
        Lock icon Two-day job fair at nex
        59 10 NEX mall has tied up with NTUC’s e2i (Employment and Employability Institute) to organise a two-day job fair starting on Tuesday. To be held at the mall’s atrium on level 1, the event will see more than 40 employers such as NTUC Fairprice Xtra, Breadtalk
        59 words
    • Article
      Lock icon Better showing for ready-built JTC factories in Q2
      359 10  -  By MICHELLE TAN JTC’S READY-BUILT facilities (RBF) seem to have made a comeback in the second quarter of 2012, with net allocation and overall occupancy showing improvement over the previous quarter. Net allocation defined as the difference between gross allocation and termination
      359 words
    • Article, Illustration
      Lock icon Han Cheng Fong into his 2nd China project
      532 10  -  Phase one will have estimated market value of 2b yuan By ZEINAB YUSUF SAIWALLA THE former CEO of DBS Land and Fraser Neave (F&N) is developing a mixed-residential and commercial project in the Chinese city of Yinchuan his second project in China.
      532 words
    • Article
      Lock icon IBM sets up supply chain analytics centre here
      407 10  -  By VICTORIA HO IBM and the EDB (Economic Development Board) of Singapore have launched a centre here to develop analytics technologies for supply chains. The centre, called the IBM Supply Chain Analytics Centre of Competency, will focus on developing software and hardware
      407 words
    • Article
      Lock icon Construction of next-gen power network set to start in Sept
      493 10  -  The $2b SP project likely to involve Japanese, S Korean and other contractors By RONNIE LIM SINGAPORE Power (SP) is set to kick off construction of the Republic’s $2 billion-plus next-generation power network next month. That is when both the
      493 words
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      132 10 A v O 0 n> V A ■i w DIRECT FROM LONDON’S WEST END AND ROYAL Louis Hoover’s N ->00O ALBERT HALL 0 THE HOLLYWOODORCHESTRA 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
      132 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Corruption threatens growth: Yudhoyono
      465 11 President admits graft is on the rise, even in Parliament Reuters [JAKARTA] Indonesia’s President Susilo Bambang Yudhoyono said yesterday corruption is on the rise, even in Parliament, in his most explicit comments yet on a scourge that he warned threatened economic growth in South-east Asia’s largest
      Reuters; REUTERS  -  465 words
    • Article
      Lock icon CIMB eyes broking in 2 new mkts
      457 11 It may start ops in India, S Korea; Q2 earnings jump 14% Bloomberg [KUALA LUMPUR] CIMB Group Holdings Bhd, S ou t h eas t A s i a s top-ranked investment bank over the past three years, said it may start broking
      Bloomberg  -  457 words
    • Article
      Lock icon New hedging rule to stabilise rupiah: BI
      212 11 Reuters [JAKARTA] Indonesia’s central bank said its new rule shortening hedging duration to a minimum of one week is now effective, and expects it to help stabilise the rupiah that is pressured by a growing current account deficit. Foreign investors could previously only
      Reuters  -  212 words
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      108 11 ■Mr iij TION LITTLE DETAILS WITH YOURS. With an entire floor to keep your children engaged as our latest collections occupy you, luxury is being able to divide your duties without sacrificing any attention. Armani Junior Beauty. Mums. Babies. Blossom Friends Chateau De Sable Early Learning Centre ELM Tree Fox
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Chinese bond funds see largest inflows in Q2
      470 12 Equity funds suffer net outflows, ceding market share to fixed income funds Reuters [SHANGHAI] Chinese bond funds enjoyed their larg-est-ever net inflows in the second quarter this year, raising total bond fund assets to an all-time high, in a sign that China’s
      Reuters  -  470 words
    • Article, Illustration
      Lock icon Diesel no longer poor man’s fuel in India
      616 12 Businesses, middle class use it more as power failures rise Reuters [NEW DELHI] Expect a popular backlash if India’s government raises diesel prices to halt the subsidy drain on its finances not only from the millions of poor who need cheap fuel
      Reuters; REUTERS  -  616 words
    • Article
      Lock icon Subsidies drain India’s energy buys
      540 12 Bloomberg [MUMBAI] Oil Natural Gas Corp, India’s biggest state-run explorer, is lagging behind Chinese peers in the race for overseas assets after subsidies to cap fuel prices drained profit by US$17.5 billion over the past decade. “If it weren’t for the subsidies, all that money
      Bloomberg  -  540 words
    • Article, Illustration
      Lock icon Cheap, cheerful Chinese phones outsmart Apple
      558 12 Reuters [SHANGHAI] In China’s booming smartphone market which is set this year to overtake the United States as the world’s largest a host of little-known local firms are primed with cheap phones to squeeze market share from US giant Apple Inc’s iPhone. In the
      Reuters; REUTERS  -  558 words
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      191 12 Detached III;; «i«IT A JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent The Business Times ION Orchard Present THE SPIRITS* OF SAKE tv f- 4 Tuesday, 28 August
      191 words
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  • ECONOMY WATCH
    • Article
      Lock icon Asia firms eye Brazil consumer market
      688 13 Upcoming World Cup, Olympics and growing disposable income drawing manufacturers AFP [SAO PAULO] With Europe and the United States in the economic doldrums, Asian manufacturers are setting their sights on Brazil’s lucrative consumer market ahead of the 2014 World Cup and the 2016 Olympics.
      AFP  -  688 words
    • Article, Illustration
      Lock icon Surprise rise in July retail sales in UK
      574 13 Bloomberg [LONDON] UK retail sales unexpectedly rose in July as promotions helped to boost gasoline sales and food sales increased. Sales including auto fuel gained 0.3 per cent from June, the Office for National Statistics said yesterday in London. The median forecast
      Bloomberg; BLOOMBERG  -  574 words
    • Article
      Lock icon Less educated Americans keep losing jobs
      500 13 NYT [NEW YORK] After suffering the largest share of job losses in the recession, Americans with no more than a high school education have continued to lose jobs during the sputtering recovery, while better-edu-cated people have gained millions of jobs, according to a Georgetown
      NYT  -  500 words
    • Article
      Lock icon Morgan Stanley cuts emerging-market target
      497 13 Bloomberg [SEOUL] Morgan Stanley cut its 2012 forecast for emerging-market stocks amid concern the global economy will grow less than estimated and after the gauge rose as much as 11 per cent from this year’s low in June. Morgan Stanley reduced its year-end estimate for
      Bloomberg  -  497 words
    • Article
      Lock icon Gold runs out in Lisbon as falling prices worsen misery
      622 13 Bloomberg [LISBON] Paulo Oliveira and his wife sold their wedding rings to pay the rent after he lost his job as a builder last month. They were the couple’s last pieces of jewellery. “We have no more gold to save
      Bloomberg  -  622 words
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      54 words
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      603 words
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  • WORLD
    • Article, Illustration
      Lock icon Phantom sales in Germany show debt-crisis contagion
      575 14 Automakers push for sales regardless whether customers are keen on buying Bloomberg [FRANKFURT] Werner Entenmann, who runs a BMW dealership in Germany’s wealthy southwest, has long made a comfortable living selling luxury sedans to well-heeled Germans at or near list price. This summer,
      Bloomberg; AP  -  575 words
    • Article
      Lock icon Pace of home construction slows slightly in July
      339 14 LATEST US DATA AP [WASHINGTON] US builders slowed their pace of housing construction slightly in July. But in a hopeful sign for future construction, applications for building permits rose to the highest level since August 2008. The Commerce Department said yesterday that
      AP  -  339 words
    • Article
      Lock icon Ecuador-UK tension rises over Assange
      226 14 Reuters NYT [LONDON] Ecuador granted political asylum to Julian Assange yesterday, ratcheting up tension in a standoff with Britain, which has warned that it could revoke the diplomatic status of Quito’s embassy in London to allow the extradition of the WikiLeaks founder. The high-profile Australian
      Reuters; NYT  -  226 words
    • Article, Illustration
      Lock icon StanChart seeks collective deal with regulators
      836 16 Estates of victims of barracks bombing sue bank, citing Iran-linked deals Reuters [LONDON] Standard Chartered is pursuing a collective settlement with other US authorities after agreeing to pay US$340 million to New York’s financial regulator under mounting pressure from shareholders. The bank said it
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      Lock icon Morgan Stanley fined for trader’s bet
      432 16 Not enough controls to check his US$1.3b futures bet in 2009 Bloomberg [NEW YORK] Morgan Stanley Smith Barney, the brokerage venture of Morgan Stanley and Citigroup Inc, was fined US$450,000 after a trader amassed a US$1.3 billion bet in 2009, Financial Industry Regulatory Authority
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      Lock icon Some US firms pay CEOs more than govt
      426 16 Reuters [NEW YORK] Citigroup, Abbott Laboratories and AT&T are among the 26 companies that paid more to their CEOs in 2011 than they did in US federal taxes, according to a study released here on Thursday. Tax breaks on research and development,
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      Lock icon HSBC gives more staff names to US in tax probe
      535 16 Reuters [ZURICH] Global bank HSBC has handed over details of current and former employees to the US authorities, it confirmed on Wednesday, as part of a tax probe that almost sank rival bank UBS in 2009. As a result, the
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      Lock icon Drought-hit US farmers now facing prospect of toxic feed
      790 17 Elevated nitrates in stunted crops may lead to poisoned cattle being culled Reuters [CHICAGO] The worst US drought in five decades has parched the land and decimated crops. It now threatens to deal a second blow to farmers, who may have
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      Lock icon Hanwha chairman gets 4 years jail, fined 5.1b won
      534 17 Bombard [SEOUL] Hanwha Group chairman Kim Seung Youn, 60, was sentenced to four years in jail and fined 5.1 billion won (S$5.6 million) for embezzlement amid a presidential election campaign that’s increasing scrutiny of South Korean executives. A three-judge panel in
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      Lock icon Samsung unveils new tablet to challenge iPad
      563 17 Despite its larger screen size, Galaxy Note 10.1 is not seen as iPad killer Reuters [SEOUL] Samsung Electronics Co’s new tablet, unveiled in the United States, is the South Korean electronics giant’s latest attempt to wrestle market share from Apple Inc, but is
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      1112 14 >*• WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Lantrovision (S) Ltd (Company Registration Number *****3374R) (Incorporated in the Republic of Singapore on 27 June 1992) La nTro Vision* NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM") of Lantrovision (S) Ltd (the "Company”)
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      589 14 $!@*.<%,!;"&<(;(={~)[!,`>~{_*=? NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF 1) DGM ASIA PACIFIC PTE. LTD. CO. REG. NO. *****3630W 2) ASIA DIGITAL HOLDINGS PTE. LTD. (f.k.a. AMM HOLDINGS PTE. LTD.) CO. REG. NO. *****3608G 3) A’STAR EXPRESS SINGAPORE PTE.
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      302 14 THE COMPANIES ACT (CHAPTER 50) SECTIONS 291 (1) LUTHOR LICHT DESIGN (ASIA) PTE. LTD. Company registration no: *****3183Z STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES The Registrar of Companies Businesses, Singapore We, Chua Tiem Lai, NRIC No: S*****20Z and Chua Tat Mun,
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      469 14 IN THE MATTER OF OBE HOLDINGS PTE. LTD. (COMPANY REG. NO. (UEN) *****2728E) (In Members'Voluntary Liquidation) At an Extraordinary General Meeting of the Company deemed held on 13 August 2012 the following special resolutions were passed:It was resolved: 1. "That OBE HOLDINGS PTE. LTD. be wound up voluntarily pursuant to
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      328 14 THE COMPANIES ACT (CHAPTER 50) SECTIONS 291 (1) STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES Name of Company: Kyoei Engineering Singapore Pte Ltd Company No: *****5437E I, Akira Usami of 62 Havelock Road, #09-09 Singapore *****9 make oath and say as follows:
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      141 15 •V' V <■* A -i. r > f s Rd ?*< Queen f; HBEBdESg* y > 1 *%2 >*#■»« A 1 f /*< tCM ST gf stf •A’ V., n« i i v Ls V' J r Ik- vfjt/ 4T< .r- J1L\ r V rT vv- y^s&i' :;v* K* 4
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      466 16 THINK BIG ENTREPRENEUR CONVENTION 2012 Business Solutions Updated Whether you are starting up or already running a business, here's your opportunity to glean expert advice from experienced business specialists on how to fund your ideas, improve efficiency and communicate your brand effectively. Plus hear what industry leaders think how businesses
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      330 16 [*ATS3 NOTICES In the Matter of The Companies Act, Cap. 50 And In the Matter of ASIA INFRASTRUCTURE PROJECT DEVELOPMENT PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****7229N) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the
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      1313 17 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 Raffles Capital Pte Ltd (In Members’ Voluntary Liquidation) (Registration No.: *****2810D) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act,
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      613 17 NOTICE This is to inform that Mr Kam Chin Seng, bearer of NRIC No. SXXX7963F is no longer in our employment with effect from 26 July 2012. Therefore, he is not authorised to transact any business or collect any monies on our behalf. The company will not be liable or
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  • PROPERTY
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      Lock icon Marina Bay area looking extraordinary successful
      957 18  -  Lucrative leasing rates, strong return on investment due to robust demand By MINDY TAN [SINGAPORE] Even in its infancy, Marina Bay, the new growth area slated to be the new extension of the traditional CBD, has achieved much success both in terms of leasing
      Source: CBRE  -  957 words
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      Lock icon Landmark Peregrine building languishes
      1103 20 There are no takers for building as Cedar Falls doesn’t have many big businesses Bloomberg [CHICAGO] Russell Wasendorf Sr gave Cedar Falls, Iowa, a boost in 2009 when he moved his futures brokerage to a wooded area of town. The firm’s collapse, after he confessed to
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      Lock icon HK set to nip property speculation
      391 22 Chief Executive vows to ensure market’s healthy development Bloomberg [HONG KONG] Hong Kong Chief Executive Leung Chun-ying will take measures to curb property speculation, underscoring concerns that a bubble is forming after home prices rose more than 10 per cent this year. The government
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      Lock icon Househunt
      516 22 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN JULY 18 AND JULY 24, 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 Icon Apt 23/07/2012 99 700 1250 1786 Skysuites Anson Apt 18/07/2012 99 667
      516 words
    • Article
      Lock icon Ikea plans to start 100 hotels in Europe
      157 22 AFP [STOCKHOLM] Swedish furniture giant Ikea plans a one billion euro (S$1.5 billion) move into the hotel sector, opening at least 100 hotels in Europe, according to a company executive cited by Swedish daily Svenska Dagbladet. “We’ve been searching for property across
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  • Page 18 Advertisements
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      468 18 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE BUNGALOW K2LD Bungalow. Priced To Sell! 7,000/ 9,500 sqft. Panoramic View. 9010 0177 9636 1023 Steve (Megan) D04 HOUSE FOR SALE BUNGALOW Sentosa Bungalow 8100/ ***** sqft, 3.5 storey, 5+1. Private berth/ pool. Tranquil. 9455 0898 Veronica Lim
      468 words
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      109 18 D10 HOUSE FOR SALE GOOD CLASS BUNGALOW Holland Park ***** ***** sqft, 5+1 bedrooms. Designed by renowned architect. Greenery view. Samuel Eyo 9815 3223 Savills D10 HOUSE FOR SALE GOOD CLASS BUNGALOW Belmont Rd. 2-storey attic. *****/ ***** sqft 5+1 rms. Large entertainment. Zen garden. Holland Village. Samuel Eyo 9815
      109 words
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      270 19 D10 HOUSE FOR SALE GOOD CLASS BUNGALOW 2 Good Class Bungalow Holland area. Freehold. New. 15,000 sqft. Renowned achitect luxurious. $3xM exclusive. Elina 9889 4052 D10 HOUSE FOR SALE GOOD CLASS BUNGALOW Belmont Rd. 2-storey *****/ ***** sqft, 5+1 bedrooms. Pavilion with large living room and guest room. Samuel Eyo
      270 words
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      233 19 D10 HOUSE FOR SALE STRATA SEMI-DETACHED Foreigners eligible. Verdure strata semi-d. Near Holland Village. 2 storey roof terr. Jacuzzi. 3918 sqft. 5 bedrooms. Norris Low 9768 8881 Savills 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
      233 words
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      237 19 D11 21 HOUSE FOR SALE GOOD CLASS BUNGALOW This one sparkles. Tip top quality finishes. No expense spared. 14,500 sqft. Park 6 cars with room to spare. 9099 5185 Mike Lam APPC D11 21 HOUSE FOR SALE GOOD CLASS BUNGALOW Yarwood Avenue single-storey country style home. Land ***** sqft. Dual
      237 words
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      264 19 D13 HOUSE FOR SALE BRADDELL HEIGHTS New listing! 10,000/8,500 sqft. Tropical bungalow. 7 rms. Nice gdn, pool patio. Elevated land. Rare plot. Must view! Sole Agent. Dan Lim 9853 4988 D13 HOUSE FOR SALE CHILTERN DRIVE National Day Sale 3-6pm. Chiltern Drive 3-sty bungalow. 8480 6000 sqft. 5 big rms
      264 words
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      232 19 D15 HOUSE FOR SALE JOO CHIAT Immaculate conservation gem! 4200sqft with rear gdn. Spacious interiors. Children’s park close by. $4.2m. isabelredrup.com/ir4.php. 6222 5055 Sue D15 HOUSE FOR SALE LORONG CHANGI $1028 psf. Land 2771/ 3200 sqft. Corner Terrace Lorong Changi. 4+1 rooms. Park 4 cars. Pls Call Richard Ong 9647
      232 words
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      512 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements wara D19 HOUSE FOR SALE BERWICK DRIVE View 1-5pm 76A Berwick Drive. 2.5-storey Semi-Detached. 5+1. 2650 4500 sqft Ensuite. Lap Pool Lift. Ben 8100 0055 GPS SGlanded.net D19 HOUSE FOR SALE BRIGHTON AVENUE $900 psf neg! Detached Brighton Avenue. Land ***** sqft,
      512 words
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      122 20 D04 APARTMENT FOR SALE REFLECTION AT KEPPEL BAY Reflection Keppel Bay. Unblocked Sea Fairway View. 4-room/ gym/ pool/ Sauna. Immed. Sentosa Universal Studio. 223 sqm. 9025 0570 Alvin Tan D04 APARTMENT FOR SALE THE BERTH Sentosa Cove. The Berth. 1905 sqft. 4+1. Balconies. Ocean view. Corner, bright. $3.6M. Robin Sin
      122 words
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      247 21 D05 APARTMENT FOR SALE PARC IMPERIAL Below bank value market price!!! $1085 psf! Duplex Penthouse 3room 1744sqft. MRT. Freehold. Pushpa 9181 0814. D08 APARTMENT FOR SALE MERA SPRINGS Mera Springs. Excellent view, 4+1+1 rooms, Freehold, 1550sqft. Near United Square/ MRT. 8133 2261 Olivia Lim D09 APARTMENT FOR SALE BELLE VUE
      247 words
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      249 21 D09 APARTMENT FOR SALE RIVERGATE Rivergate 1507 sqft 3 bdrms, 3 baths. Balcony. Like new. City view. Bright windy. Excellent location. Ken Lam 9002 8631 PN D09 APARTMENT FOR SALE SKYPARK Skypark 3348 sqft. 4 room duplex sky bungalow, high floor. 360 degree virtual tour on: www.kellyyuproperty.com Kelly Yu 8118
      249 words
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      241 21 D10 APARTMENT FOR SALE KIM YAM ROAD $3.88M Penthouse by The River. Deluxe 4+1 Tasteful. Elegant/Huge Master. 99 years. Good Value! isabelredrup.com/ir10.php Sue 6222 5055 D10 APARTMENT FOR SALE ST MARTIN RESIDENCE St Martin Residence. 2-bedroom penthouse, large roof terrace/ jacuzzi. $3.9M. www.sgpd.info/as/15 Julian Chua 6338 4480 D10 APARTMENT FOR
      241 words
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      258 21 D11 21 APARTMENT FOR SALE SOLEIL Soleil Sinaran 2-bedroom Loft, $1650 psf, 1443 sqft, #28 up, 99 years, Vacant. Unblocked, seaview. MRT/ Mall. Jonathan Koh 9073 2211 D11 21 APARTMENT FOR SALE THE LINCOLN MODERN Lincoln Modern Loft. 6M high ceiling. 1410 sq.ft. Excellent Condition, high floor. neg. Also for
      258 words
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      245 21 D15 APARTMENT FOR SALE MANDARIN GARDEN Fire Sale! Mandarin Garden. Full sea view. 3+1. 1787 sqft Tenanted $4K till 7/2013. Asking $1.75M. 9146 1833 Doris D15 APARTMENT FOR SALE MEYERISE Meyerise Freehold at Meyer Road. Luxurious! $1630 psf. 4 rm, 1819 sqft, ensuite. With private lift. Ann Kwa 9099 2938
      245 words
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  • Page 22 Advertisements
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      125 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D17 APARTMENT FOR SALE LIGHTHOUSE Rare Spacious Home by Park. 1938sqft. Duplex. 3+1 bdrms, patio. Mins to Downtown East. 8118 3448 Brenda Yeong D18 APARTMENT FOR SALE THE TROPICA 3+1 rooms. Spacious. Windy. Best stack. 1238 sqft. Chinese owner. Open House Saturday/
      125 words
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      126 22 D19 APARTMENT FOR SALE REGENTVILLE Regentville. Beautiful. 1744 sqft, 2+1 bdrm, Pent house. Next to Shopping Mall. $1.2M. Call Leslie Mui 9692 9896 D19 APARTMENT FOR SALE SERANGOON GARDENS Serangoon Gardens Chomp Chomp/ NEX. $1.98M. 999 years. 3.5 storey. 2239 sqft. 3+1, ensuite. Teng EB 9488 3949 D22 APARTMENT FOR
      126 words
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      125 22 D02 HOUSE FOR RENT BLAIR ROAD Heritage Dream 4+2. Near Tanjong Pagar/Business District. $19K. See our amazing slideshow at: isabelredrup.com/ir28.php 6222 5055 Susan D04 HOUSE FOR RENT VILLA KASARA Modern Villa Kasara, in Sentosa. 9110 ***** sq.ft. 5+1, $33K. Sea Golf. Immediate! Sale $22M. 9297 7251 D09 HOUSE FOR RENT
      125 words
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      129 22 D11 21 HOUSE FOR RENT GREENBANK Semi-d 4000/ 3500 sqft. 5bdrms, 4baths. Full greenery. High ceilings. Gourmet kitchen. British/ Swiss Club/ Int’l Sch. $8K neg. Sam 8183 8310 D11 21 HOUSE FOR RENT UNIVERSITY WALK Expats Choice! Botanic Garden. Semi-detached. 5+1+1. 4000 sqft. Quiet Immaculate. Immed. Meera 9639 0991 D15
      129 words
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      Lock icon Page 22 Advertisements Column 5
      130 22 D04 APARTMENT FOR RENT CARIBBEAN AT KEPPEL BAY Caribbean Keppel Bay. 3+ study. High flr. P/furn with white goods. 1356 sqft. Bright. S/pool, canal view. Immed. Sunita 9060 4060 D08 APARTMENT FOR RENT RESIDENCES SOMME Residences Somme. Studio 441 sqft. F/furn. Next to City Square Mall MRT. Avail 1st Sept.
      130 words
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      379 23 D10 APARTMENT FOR RENT ARDMORE PARK 2885 sqft. High flr. Pool/ greenery view. Full facilities. Available mid September. $16.8k. Luxury Living! Max 9066 4858 D10 APARTMENT FOR RENT LOFT Loft, 2+1. Spacious lovely in tranquil Nassim Hill. Nice view. 1109 sqft. Walk to town. Allen 9101 2294 D11 21 APARTMENT
      379 words
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      318 23 D03 FACTORY FOR SALE HENDERSON Henderson Freehold New Age Modern B1 industrial. 2939 sqft. $780 psf neg. Call for appointment: Daren *****796 D06 OFFICE FOR SALE HIGH STREET CENTRE High Street Centre. 3439 sqft. Rarely available. Corporate image. Unblocked MBS view. $2xxx psf. Mital 9857 6737 D06 SHOP FOR SALE
      318 words
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      312 23 D07 SHOP FOR SALE SIM LIM SQUARE Sim Lim Square. 269 sqft. Rental guaranteed $3.9K till end February 2014. #03. Ask $1.15m. 9338 7310 EL, DTZ D10 SHOP FOR SALE QUEEN’S ROAD 3 minutes Farrer MRT. 2 units HDB shophouse. Takeover $1xxK negotiable. Tuition/ Shop/ dorm. Low Good return. Evan
      312 words
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      317 23 D14 OFFICE FOR SALE UBI INDUSTRIAL CENTRE Attention! B1 Industrial Ubi Ctr 903 sqft. Nicely Reno Office. Near MRT, Bus Stops. CTE. Asking $498K neg LUKAS LIM 8383 3808 D14 SHOP FOR SALE ALJUNIED Blk 119 Aljunied 2-Storey shophouse 1580 sqft tenan ted. Left 67 years. $2m negotiable. Valerie Yap
      317 words
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      419 23 D01 OFFICE FOR RENT PEOPLE’S PARK CENTRE People’s Park Centre. 400+ sqft. $2K up. MRT. Window unit. Nice renovation1/2 partition room. Sara Ho 9839 4962 D12 OFFICE FOR RENT KIM KEAT ROAD Kim Keat Road (Off Balestier/ Whampoa) 3100 sqft. Nice fittings with aircon and own toilet. No takeover fees.
      419 words
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  • EDITORIAL & OPINION
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      Lock icon StanChart settlement raises questions
      487 24 EDITORIAL THE US$340 million “civil penalty” paid by Standard Chartered Bank to the New York Department of Financial Services (DFS) in respect of allegations relating to the bank’s dealings with Iran in contravention of US sanctions will bring relief to StanChart’s shareholders, customers, counterparties, management and
      487 words
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      Lock icon A genuine debate is long overdue in US campaign
      766 24  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers’ Group THE selection of Paul Ryan chairman of the House Budget Committee as Mitt Romney’s vice-presidential candidate has the potential to turn this dreary US presidential campaign into a meaningful debate over
      The Washington Post Writers’ Group  -  766 words
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      Lock icon Checks matter but don’t lose sight of strategy
      968 24  -  Corporate governance may in itself conflict with the need to make business more viable By LAWRENCE LOH The writer is associate professor of strategy and policy at NUS Business School. He is also affiliated to the School’s Centre for Governance, Institutions and
      STOCK.XCHNG  -  968 words
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      Lock icon How they made a mess in the West
      1131 25  -  Asia must avoid Western policymakers’ linear thinking and carve out its own unique future in a fast evolving world By SHAHID JAVED BURKI The writer, a former Pakistani finance minister and World Bank vice-president, is visiting senior research fellow at the Institute
      AFP  -  1,131 words
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      Lock icon Cleaning the financial cesspit in post-crisis era
      944 25  -  It’s naive to think breaking up banks would be a quick fix to the sector’s problems REUTERS BREAKINGVIEWS By HUGO DIXON FIVE years after the credit crunch erupted in August 2007, banking still looks like an industry running amok. Scandals keep tumbling out
      AFP, REUTERS  -  944 words
    • Article
      Lock icon Economic freedom is the kind that matters most
      366 25  -  STAT SPEAK By BHANOJI RAO Formerly with the National University of Singapore and the World Bank, the writer is an honorary professor at the Administrative Staff College of India and governing board member of GITAM University (Visakhapatnam and Hyderabad). Contact bhanoji@gmail.com Notwithstanding
      366 words
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  • AVIATION/SHIPPING
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      Lock icon HK Airlines reviewing A380 orders after scrapping route
      613 26 Carrier now wants to focus on Asian routes using smaller A320s and A330s Bloomberg [HONG KONG] Hong Kong Airlines, holder of the biggest backlog of Airbus SAS A380 orders in Asia, said it’s reviewing plans to add the superjumbos after scrapping its
      Bloomberg; AFP  -  613 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 26 SGX '000 Aug 16 S$ +/-Vol CH Offshore 0.44 0.01 394 Chuan Hup Hldg 0.24 unch 302 Cosco Corp 1.02 0.02 ***** Aug 16 Ezra Hldgs 1.06 0.02 6040 First Ship Lea 0.15 unch 750 Freight Links 0.07 unch ***** Grand Banks 0.24 unch 80 Jaya Hold Ltd
      255 words
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      Lock icon HK on second typhoon alert within a month
      351 26 Bloomberg [HONG KONG] Hong Kong suspended some port operations and Cathay Pacific Airways Ltd warned of flight disruptions as the city prepared for its second typhoon in a month. The city’s observatory issued the strong wind signal No 3, its second-lowest typhoon
      Bloomberg; AP  -  351 words
    • Article, Illustration
      Lock icon Etihad keen to buy Ryanair’s stake in Aer Lingus
      510 26 Bloomberg [SYDNEY] Etihad Airways said it would be interested in buying Ryanair Holdings plc’s 30 per cent stake in Aer Lingus Group plc as the budget airline struggles to take over the Irish flag carrier. Etihad, which already owns 3 per
      Bloomberg; FILE PHOTO  -  510 words
    • Article
      Lock icon Fearing asylum seekers, ship diverts to Australia
      451 26 AP [CANBERRA] The captain of a merchant ship bound for Singapore changed course for Australia this week for fear that desperate asylum seekers he had rescued in Indonesian waters would attack his crew, an official said yesterday. Home Affairs Minister Jason Clare said
      AP  -  451 words
    • Article
      Lock icon The Business Times Shipping Times
      3365 27 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
      3,365 words
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      30 26 THE STRAITS TIMES SUBSCRIPTION PLEASURES Subscribe Now And Get This Or Other 0T0 Gifts! OTO e-Cuddle Neck Shoulder Massager U.R $180 Find out more at www.STsubscribe.com or call 6388 3838
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      55 27 Shfp maint 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 the Shipping Times?
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      18 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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      121 28 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 WO IMG AT 9620 1327 Spotlig Award ht Wins Certifications Come publicise your Award Wins Certifications,
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3066 29 Transaction date: Aug 16 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 98 51 ABR Hldgs 91.5cd +1 200 92 90 91.5 92 3.1 2.2 14.7 183.8 Last
      3,066 words
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      Lock icon SGX CATALIST
      177 30 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 C000) High Low Buyer Seller C’vr
      177 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      7819 30 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM local Ccy Bond 0.9621/ Global Emerging Markets!” 1.8083/ Global
      7,819 words
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      Lock icon GLOBALQUOTE
      193 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 41.5 25.5 Genting HK US$ US35.5 +1 ***** 36 34.5 35 35.5 2337.5 Last 220 168 TanChongInt HK208cd +2 3 208 208 205 209 4.3 3.4
      193 words
    • Article
      Lock icon SGX ETF
      934 30 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 126.8 127.8 128.7 103 95.8 CIMB APAC Div 100US$ US102.1 101.7 102.3 10.7 1278 1246 CIMBASEAN40 100S$D 1278 1299 1308
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      629 31 Aug 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8967.11 9094.09 8962.97 Sep12 8925.00 9095.00 8900.00 9080.00 ***** *****2 Dec12 8845.00 9000.00 8845.00 9015.00 535 ***** MSCI TAIWAN INDEX FUTURES SPOT 264.83 266.27 263.88 Aug12 263.90 266.70 263.40 265.50 ***** *****7 Sep12 263.80
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 31 In local curr In S$ In US$ dy yr dy yr dy yr Aug 15 Index Change Change Change Change Change Change World Preliminary 900.8 -0.1 8.6 0.0 4.0 -0.1 7.9 EAFE Preliminary 722.5 -0.3 5.9 -0.2 0.3 -0.4 4.0 Europe Preliminary 1096.2 -0.2 6.8
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      102 31 As on 15 August 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) CURRENCY EUR-USD FUT SEP2012 1.2345 1.2267 1.2289 1301 BASE METAL COPPER FUT SEP2012 7423 7357 7385 4167 INDEX IRON ORE (MBIO) IDX FUT AUG2012 115.20 114.90 114.70 712 IRON ORE (MBIO) IDX FUT
      102 words
    • Article
      Lock icon CHICAGO BOT
      107 31 Aug 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 12 1659.75 1623.50 1661.50 1623.00 Nov 12 1634.50 1598.00 1638.00 1597.25 Jan 13 1625.50 1592.75 1627.25 1592.75 Mar 13 1541.00 1517.50 1546.00 1518.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 12 53.07
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 31 CRUDE OIL PRODUCTS Aug 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.47 1.59 WTI (Near Mth) 94.21 0.85 Dubai (1-Mth F) 109.01 0.18 Tapis blend 117.02 0.14 Minas 117.87 0.14 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.17 1.61 Jet Kerosene 130.18 0.43 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      23 31 Aug 16 Aug s$ Bid Offer 1-month 1.2514 1.2522 2-months 1.2514 1.2522 3-months 1.2513 1.2521 6-months 1.2503 1.2512 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 31 Aug 15 Aug 15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1796.00 1815.50 3 months 1836.00 1856.00 Copper, Grade A(US$/tonne) Cash 7375.00 7404.25 3 months 7385.50 7416.00 Lead(US$/tonne) Cash 1803.00 1845.00 3 months 1823.00 1855.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
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    • Article
      Lock icon LIFFE
      80 31 Aug 15 COCOA (£/tonne) Close Prev High/Low Sep 12 1638 1647 1660/1629 Dec 12 1642 1650 1663/1633 Mar 13 1624 1627 1641/1615 May 13 1624 1627 1640/1615 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2049 2070 2078/2026 Nov 12 2090 2093 2100/2066 Jan 13 2091 2080 2096/2061 Mar 13 2090
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1146 31 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 1.2 1 32 5 26.25 3 Prem Best World Intl Ltd W*****5 0.3 -0.3 750
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 31 Aug 16 Aug A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.038 6.674 0.854 8.131 58.634 99.531 0.830 11.888 3.283 1.300 98.923 44.346 1.312 8.670 1.026 31.451 33.098 0.670 1.048 Canada 0.964
      471 words
    • Article
      Lock icon SIBOR
      60 31 Aug 16 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
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    • Article
      Lock icon PRECIOUS METALS
      135 31 Aug 16 GOLD(US$/oz) Aug 16 Aug 15 Hong Kong 1611.50 1606.00 Aug 15 Aug 15 Aug 14 London 1604.84 1600.46 1605.73 1601.23 Source: Thomson Reuters CAST BAR Aug 16 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 155 65 5gm 440 323 10gm
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 31 Aug 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 15-Nov-12 0.25 6-Month BS*****S 07-Feb-13 0.25 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.04 5-Year N*****0Z 2.375 01-Apr-17 108.95
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    • Article
      Lock icon PALM OIL
      60 31 Aug 16 KLG PAiM t'JrURK IWM.IT1 IMIhiay Of*/rtiy S/il Mimth Harare Pice <W Mt£ High Uw Vul llmr <ty»» hciUtrti ill. Jil H)6il ?«u n if.ti fl ifieo Iiwj j/m (JU U MO," aao 2*3:0 iMb 0 MO. Jliiw Urn f! inmil 2»I(T 2031 0 ream iai»0 PfcU
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 31 Aug 16 Against US$ Source: OCBC Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3115 1.3129 1.0480 1.0485 Canadian dollar 1.2639 1.2656 1.0107 1.0100 Euro 1.5351 1.5363 1.2267 1.2269 NZ dollar 1.0088 1.0096 0.8061 0.8063 Sterling pound
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 As at 9am Aug 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.342 1.279 Can dollar 1.292 1.231 Euro 1.571 1.497 Sterling pound 1.995 1.919 NZ dollar 1.037 0.988 US dollar 1.267 1.219 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      160 31 Aug 16 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.15 US$ 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
      160 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Singapore theatre’s 1980s Zeitgeist
      1889 32  -  Three new works fete the 1980s, the defining decade that set the stage for Singapore’s most popular art form, reports HELMI YUSOF reportsHELMI reportsHELMI YUSOF WHEN she was growing up, songbird Tabitha Nauser used to listen to Jacintha Abishegenadan’s records all the time. Her parents were
      PHOTO-ILLUSTRATION: JENNIFER CHUA; PHOTOS: TUCKYS PHOTOGRAPHY  -  1,889 words
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  • CINEMA
    • Article, Illustration
      Lock icon War of the senses
      444 33  -  By DYLAN TAN HONG KONG directors Felix Chong and Alan Mak’s latest effort, espionage thriller The Silent War, tries a little too hard and ends up bungling its mission. Adapting Chinese author Mai Xia’s novel Plot Against, the pair of Infernal Affairs writers deliver a flashy
      444 words
    • Article, Illustration
      Lock icon Madcap metal mayhem
      565 33  -  By DYLAN TAN GLAM metal gets the Glee-treatment in the big screen adaptation of the hit Broadway jukebox musical, Rock of Ages. With an all-star cast and one hair metal hit after another from the late 1980s, the movie has plenty going for it on paper but
      WARNER BROS PICTURES  -  565 words
    • Article, Illustration
      Lock icon Expendables, too
      624 33  -  The success of The Expendables has Sly Stallone corralling the forces of every Hollywood has-been for another shot at posterity in The Expendables 2, reviewsGEOFFREY EU reviewsGEOFFREY reviewsGEOFFREY EU Deciphering the plot of The Expendables 2 is mere child’s play compared to the mental arithmetic needed to add
      LIONSGATE FILMS  -  624 words
  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
      20 33 < n r 71 SINGAPORE'S hottest hits r HEAR 0N6 DIRECT'OH'S HOTTEST HITS ON HOT FM 91.3 J> I W "I
      20 words
    • Advertisement
      Lock icon Page 33 Advertisements Column 2
      33 33 INDIAN INDEPENDENCE DAY SPECIAL A BILLION BIG DREAMS Indian High Commissioner T.C.A. Raghavan writes exclusively for tabla! SINGAPORE CELEBRATES ITS 47TH BIRTHDAY GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      33 words
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  • MUSIC/GAMING
    • Article, Illustration
      Lock icon Garbage amps it up
      584 34  -  Legendary producer and drummer, Butch Vig, gets a kick from being back with his superband, Garbage, playing here for the first time in 15 years, reports DYLAN TAN reportsDYLAN reportsDYLAN TAN UNLIKE singers or guitarists, drummers usually get the least attention in bands, but Garbage’s stickman,
      PHOTOS: AUTUMN DE WILDE  -  584 words
    • Article, Illustration
      Lock icon Watson bags crossover cred
      618 34  -  CD REVIEWS By CHRISTOPHER LIM CLASSICAL vocalists have a tough job when they want to expand their audience reach. Their crossover albums need to appeal to fans with different tastes from pop to jazz but in the process of pleasing everybody, they risk ending up with
      618 words
    • Article, Illustration
      Lock icon Writing songs to heal the world
      592 34  -  By DYLAN TAN It’s easy to miss singer-songwriter Marketa Irglova if one is not paying attention because she has a naturally low-key personality. So much so when she went onstage to receive her the Best Original Song Oscar in 2008, the orchestra cut her
      SION FULLANA  -  592 words
    • Article, Illustration
      Lock icon Shoot ‘em up in glorious style
      540 34  -  By CHRISTOPHER LIM MOVIES like Blade Runner, Ghost in the Shell and I, Robot don’t have a monopoly on pondering whether or not machines are alive. Games are doing a pretty good job of wrestling with the philosophical question. In fact, Binary Domain takes
      540 words
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  • ARTS
    • Article, Illustration
      Lock icon A yen for art
      902 35  -  Singapore gets its first Japanese art gallery dedicated to abstract art, writes HELMI YUSOF writesHELMI writesHELMI YUSOF WHEN Japanese businessman Hiroshi Kato retired three years ago at the age of 60, he wondered what he should do next. After 39 years of successfully running numerous regional
      PHOTOS: NIKEI FINE ART  -  902 words
    • AroundTown
      • Article, Illustration
        Lock icon Dance
        100 35 Masterpiece in Motion 2012: Singapore Dance Theatre’s much-anticipated annual triple-bill (above) features the best in international choreography. This year’s line-up throws the spotlight on the exquisite ballet Divertimento No 15 by George Balanchine; the gorgeous contemporary piece Age of Innocence by Edwaard Liang who’s choreographed for Joffrey Ballet, Nederlands
        100 words
      • Article
        Lock icon Stage
        92 35 Afar: Drama Box’s Mandarin play looks at life after death. Five characters find themselves trapped in a limbo being neither living nore dead. As they embark on a search for their past, they begin to surmise what it is to be human. Directed by Jalyn Han and written by
        92 words
      • Article, Illustration
        Lock icon Music
        227 35 >New Order: Formed from the ashes of Joy Division after its lead singer Ian Curtis passed away, Manchester band New Order have become legends in their own right for melding pop and rock with dance. Together for more than three decades, they are in a class of their own
        227 words
    • Article, Illustration
      Lock icon The bridging stage
      782 35  -  By CHEAH UI-HOON A “MALAYAN” play makes its way to Singapore, nine years after it was the first Malaysian play to be staged professionally as part of an American theatre company’s regular season in New York. Not that the topic is dated in any way, given that
      782 words
    • Article, Illustration
      Lock icon Trove within your grasp
      662 35  -  By GEOFFREY EU THE Affordable Art Fair (AAF), that artsy equivalent of an Everyman whose declared intent is to open the contemporary art world to, well, everyone, returns to Singapore for a third instalment later this year and expectations are higher than ever on every front.
      662 words
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  • DRINK
    • Article, Illustration
      Lock icon Margaret River revisited
      1219 36  -  Hailed for superb quality wines, Cullen Wine and Leeuwin Estate wineries in Australia aspire to European standards, writes N K YONG writesN writesN K YONG THE problem is not so much that life is too short which sadly it is but that there are not enough hours
      FILE PHOTO  -  1,219 words
    • Article, Illustration
      Lock icon Bespoke pairings
      1119 36  -  By CHRISTOPHER LIM YOU can drink beer with just about anything, but once you take it up a notch to deliberately pair it with cuisine, it’s a totally different experience, as a couple of new beer-cen-tric eateries are trying to show. Over at Arbite in Serangoon Road last
      1,119 words
  • Page 36 Miscellaneous
    • Miscellaneous
      Lock icon Page 36 Miscellaneous Column 1
      291 36 Across CRYPTIC CROSSWORD 1 They make dough for bread or vice versa (8) 6 Impressive time of year (6) 9 Love to point out there’s a choice (6) 10 Summed up as tale told inaccurately (8) 11 Strong players joining club (4-4) 12 About to give way and go back(6)
      291 words
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  • PURSUITS/BOOKS
    • Article, Illustration
      Lock icon Golden Child
      677 37 Foodies honour the late great TV chef Julia Child who taught women how to cook and live AFP FOODIES paid tribute on Wednesday to celebrity chef Julia Child, marking the 100th anniversary of the birth of the woman who introduced Americans to exotic French delicacies like boeuf bourguignon.
      AFP; PHOTOS: AFP, AP  -  677 words
    • Article, Illustration
      Lock icon Draining the life out of zombie mythos
      414 37  -  By CHRISTOPHER LIM SETH GRAHAME-SMITH’s 2009 Jane Austen parody, Pride and Prejudice and Zombies, may have made literary zombies popular again, but Max Brooks’s brand of zombie yarns hearken more to Sam Raimi’s The Evil Dead franchise from the 1980s and George Romero’s
      414 words
  • Page 37 Advertisements
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      Lock icon Page 37 Advertisements Column 1
      248 37 w- v*V jV s v.; 4- «a\ V* :V i ae*i Si v a as V, T-fi. 4\ IS £’**3 s* -r/9 Well-being has a new address w^p f f < A W, Jit Discover espa at RESORTS WORLD SENTOSA ji vl ESPA &NA/ Your destination for rejuvenation is now
      248 words
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  • THE ROAD LESS TRAVELLED
    • Article, Illustration
      Lock icon Woman with the Midas touch
      1658 38  -  Cynthia Chua of multi-million dollar home-grown Spa Esprit Group is a Jill of all trades and master of every one of them, writesCORINNE KERK writesCORINNE CORINNE KERK EVER the trendspotter, Cynthia Chua is hailed as a model lifestyle entrepreneur. To date, the founder and managing
      YEN MENG JIIN  -  1,658 words
  • Page 38 Advertisements
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      Lock icon Page 38 Advertisements Column 1
      238 38 Performance Motors Limited bmwindividual.sg BMW INDIVIDUAL. DEPTHS OF YOUR CHARACTER, REVEALED. Perfection needs a sound base. And a brilliant finish. For BMW Individual, our paint finishes are not only the best and most advanced in the world, they are applied with a process that is just as sophisticated. Altogether, five
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