The Business Times, 18 August 2012

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Microfilm: NL32203
Total Pages: 48
1 20 The Business Times
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon FOREX
        48 2 us$ s$ US$ (S$ per US$) 1.253 (US$/S$ per 1.571 1.968 EURO(US$/S$/€) 1.235 1.547 Foreign currency per US$ S$ YEN 79.40 63.40 RM 3.132 2.500 HK$ 7.757 6.192 BAHT 31.52 25.16 RUPIAH 9,490 7,576 RENMINBI 6.358 5.076 INDIAN RUPEE 55.66 44.43 A$ 0.957 0.764 NZ$ 1.237 0.987
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      • Article
        Lock icon STOCKS
        57 2 HSTI 3,062.11 (-0.78) GSTI FUTURES 3,059.00 (+1.00) HSIMSCI 351.47 (-0.06) HSIMSCI FUTURES 351.50 (-0.50) Friday Change KL COMP 1,649.79 -0.30 NIKKEI 225 9,162.50 +69.74 HANG SENG 20,116.07 +153.12 SET 1,223.91 -0.49 JAKARTA Closed MANILA 5,206.81 -12.70 KOSPI 1,946.54 -11.37 SHENZHEN B 582.06 +1.83 MUMBAI IND 17,691.08 +33.87 12noon EDT
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.432 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.54 INDIA 14.75 Source: Bloomberg
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    • Article, Illustration
      Lock icon July non-oil domestic exports up 5.8%
      683 2  -  Talk of technical recession still rife, from ‘some risk possible’ to ‘narrow escape’ By Chuang Peck Ming peckming@sph.com.sg Singapore SINGAPORE’S non-oil domestic exports in July held up well against expectations and in contrast to the poor showing of other major exporters in Asia. But
      Source: IE Singapore  -  683 words
    • Article, Illustration
      Lock icon Consumer confidence improves in August
      752 3 Rise indicates Americans may be feeling benefits of growing payrolls, raises hopes that July’s pick-up in retail sales will be sustained LATEST US DATA Bloomberg Washington CONFIDENCE among US consumers unexpectedly improved in August, boosting the prospect of stronger household spending this quarter, while the
      Bloomberg; PHOTO: BLOOMBERG  -  752 words
    • Article
      Lock icon Boom week for local bonds – $15b ordered
      656 4  - Boom week for local bonds $15b ordered Surge attributed to higher institutional support and heavy offshore demand By Siow Li Sen lisen@sph.com.sg Singapore IT has been a blowout week for local bonds as investors in search of yield set out to grab a piece of the three latest issues. According
      656 words
    • Article, Illustration
      Lock icon IDA rolls out roadmap with new directions
      432 5  -  Coming seven years after last report, it picks out nine areas where global ICT is headed By Amit Roy Choudhury amit@sph.com.sg Singapore |AFTER a seven-year hiatus, the government yesterday unveiled its latest Infocomm Technology Roadmap (2012), which identified nine key areas that are
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    • Article, Illustration
      Lock icon Nine key tech trends
      421 5  -  By Amit Roy Choudhury amit@sph.com.sg Singapore FOLLOWING more than a year of deliberations and consultations, a team led by Leong Mun Yuen, IDA’S chief technology officer, has identified nine key technology trends. They are: Big data This refers to datasets whose size is beyond the ability
      FILE PHOTO  -  421 words
    • Article
      Lock icon Gambling safeguards receive public support
      424 6  -  Positive feedback on proposal to limit visits to curb problem gambling, says govt By Grace Leong gleong@sph.com.sg Singapore THE government has received feedback on its proposals to beef up casino regulations the majority of which were in the area of social safeguards. “Many members of
      424 words
    • Article, Illustration
      Lock icon Too few Mad Men in Singapore
      605 6  -  By Joyce Hooi joy ce h @s p h .co m .sg Singapore IN an age of viral marketing and pre-video YouTube ad reels, ads with dubbed-over Gong Lis and Shu Qis hawking shampoo continue to blanket whole regions in a generic, scattershot format.
      FILE PHOTO  -  605 words
    • Article, Illustration
      Lock icon Manchester clubs set to dominate BPL
      702 8  -  City issue a stern warning to the rest of the pack when they overcame a half-time deficit to edge out Chelsea 3-2 at the annual Community Shield game while United has beefed up its already potent frontline no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent
      PHOTO: AP  -  702 words
    • Article
      Lock icon Facebook shares continue to slide
      578 8 It’s 2nd worst IPO performer post-share lock-up since Jan 2011 Bloomberg San Francisco FACEBOOK shares continued their slide yesterday following the 6.3 per cent drop on Thursday, after the end of restrictions on share sales by its biggest investors. It was the second-largest post-lock-up decline
      Bloomberg  -  578 words
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      Lock icon Page 2 Advertisements Column 1
      52 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 LIVING Home Garden L2-7 Style L8-9 Dining L10-12 Gadgets L14 Health L15 Golf L16-17 Motoring L18-20 House Hunt 34 Real
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      197 3 STI Breaks 3,000 -Where Should You Put Your Money? World renowned experts share insights and opportunities at Shares Investment Conference this SEPTEMBER Mr. Jim Rogers (USA) Early Bird Tickets From $78 Mr. Mike Bellafiore (USA) $138 usual price End 20th Aug! CONFERENCE 2012 Rock Auditorium, Suntec City Mall Level 3
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      64 7 3 ."•I SQTn S e a v i e w W\T i U'; Hi i r Bedok Reservoir View WE HAVE MANY PROPERTIES IN CHOICE LOCATIONS FOR YOUR VIEWING PLEASURE. A product of SPH, Singapore's trusted media group. At stproperty.sg your ideal home isn’t hard to find. The STProperty App
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  • WEEK IN REVIEW
    • THIS WEEK August 13-17, 2012
      • Article
        Lock icon Business sentiment crumbles in Q2: poll
        57 9 BUSINESS sentiment soured rapidly in the second quarter of the year, according to the BT–UniSIM Business Climate Survey, making for a much darker picture than that painted by official business expectations surveys conducted around the same time. It could also point to a possible
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      • Article
        Lock icon Firefly to focus on niche business, tourism routes
        53 9 MALAYSIA Airlines-owned Firefly will focus on dominating its niche short haul point-to-point business and tourism routes, says its chief. “By being singularly focused on what we do, we achieved 20 per cent revenue growth last year, despite a challenging operating environment,” said
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      • Article
        Lock icon Big stick awaits errant bosses of foreign workers
        63 9 SWEEPING changes are in the pipeline to punish employers of foreign labour here more severely if they flout the rules. Bigger fines, longer jail sentences and even caning in one instance are what errant bosses stand to face under a new bill
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      • Article
        Lock icon With tweaks and snips, NOL chief steadies ship
        87 9 IN 10 short months since becoming CEO of shipping giant Neptune Orient Lines, ex-defence chief Ng Yat Chung has pruned US$225 million in expenses, let go of hundreds at NOL’s liner business APL, and, to the surprise of everyone, tabled the sale
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      • Article
        Lock icon Thai twist clouds future of Heineken brew at APB
        46 9 HEINEKEN may have a secret weapon in its effort to seize control of Asia Pacific Breweries. If it is thwarted, it could play hardball on some critical licence agreements and harm APB’s growth prospects in emerging markets.
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      • Article
        Lock icon SIA bets on cabin upgrade to fly ahead
        54 9 IMITATION may be the greatest form of flattery, but for Singapore Airlines it has become a major threat over the years. Tired of being mimicked, SIA is pulling out all the stops to pull ahead of competitors which have closed in on
        54 words
      • Article, Illustration
        Lock icon StanChart dodges a bullet, still under fire
        95 9 STANDARD Chartered Bank has agreed to pay US$340 million to a US regulator to settle Iranian mon-ey-laundering charges, lifting the threat of losing its US clearing licence which could have pulverised its business. A sense of relief was palpable following the settlement with
        REUTERS  -  95 words
      • Article
        Lock icon Davinder: Sukamto’s aim was to derail IPO
        74 9 SINGAPOREAN businessman Sukamto Sia subject of a $300 million defamation lawsuit by Low Tuck Kwong, founder of Indonesian coal producer PT Bayan Resources was accused in cross-ex-amination of fabricating his claims to half of Bayan’s business “for the sole and deplorable purpose of
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      • Article
        Lock icon Factory to the world sees demand slip away
        45 9 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.
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      • Article
        Lock icon Rising grain prices cast a dark global shadow
        42 9 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 region that are already fighting inflation.
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    • Article
      Lock icon NEXT WEEK Aug 20-24,2012
      81 9 US DATA Aug 22 July existing home sales FOMC minutes Aug 23 Aug Markit flash PMI July new home sales July FHFA home prices SINGAPORE DATA Aug 21 Q2 wholesale trade index Q2 central government debt Aug 23 July consumer price index Not later than Aug
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      355 9 Across 1 Get round tip of iceberg? It can’t, sadly (7) 5 It measures current in the morning and energy used in new term (7) 9 A politician and artist going round house for a jar (7) 10 Talk about Olympic event with son (7) 11 Sir partied wildly, ignoring
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      16 9 SATURDAY with Ludwig and over here is where we cater to clients who are high-risk investors
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon High-flying honcho
      2200 10 / 11  - High-flying honch o honchoStarting an airline, buying a football club, owning an F1 racing team Tony Fernandes has done it all, but as he tells S Jayasankaran, there’s still one more thing for him to do S Jayasankaran btnews@sph.com.sg TONY Fernandes recently had his tuck-box his lunchbox while he was
      BLOOMBERG  -  2,200 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Hanwell vote paves way for Oei to negotiate Intraco stake
      607 12  -  62¢/share offer rejected after TH Investments lets its subsequent 68¢/share offer lapse By Kenneth Lim kenlim@sph.com.sg Singapore AFTER 26 years, tycoon Oei Hong Leong may finally have a clear shot at winning control of Intraco, the grande dame of Singapore
      FILE PHOTO  -  607 words
    • Article
      Lock icon LionGold sets eyes on PNG gold mining assets
      409 12  -  By Jasmine Ng jasng@sph.com.sg Singapore LIONGOLD Corp is in a deal to invest up to A$8.5 million (S$11.15 million) in Australia-listed miner Gold Anomaly and its Papua New Guinea (PNG) subsidiary. The move could see it gaining a majority stake in the
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    • Article
      Lock icon Malaysian cocoa producer puts secondary listing plan on hold
      261 12  -  By Teo Si Jia teosj@sph.com.sg Singapore MALAYSIA-listed cocoa processor Guan Chong Bhd has dropped its plan for a secondary listing in Singapore for now. “After much consideration, we wish to reassess our strategic directions with regard to capital requirements for expansion,”
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    • Article, Illustration
      Lock icon Safe haven status spurs rally in Singapore bonds
      943 13 S’pore bonds poised to return 1 1 this year on US$ basis, compared with 0.9% for developed markets Bloomberg SINGAPORE’S bonds are rising at a pace that’s more than 10 times their global peers as a prolonged debt crisis in Europe leaves
      Bloomberg; FILE PHOTO  -  943 words
    • Article, Illustration
      Lock icon STI ends the week flat with just 0.3% gain
      962 14  -  STOCKS Conrad Tan conradt@sph.com.sg Correspondent TRADINGendedthe week on a cautious note yesterday, with further signs of a global economic slowdown in progress and little good news on the horizon. The Straits Times Index (STI) ended just 0.78 point or 0.03 per
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    • Business briefing
      • Article
        Lock icon CapitaMalls Asia Treasury to issue $250m fixed rate notes
        63 14 CAPITAMALLS Asia’s wholly owned subsidiary, CapitaMalls Asia Treasury, intends to issue unrated $250,000,000 3.7 per cent fixed rate notes due 2022 to institutional and/or sophisticated investors. It has priced the notes at face value. The notes are expected to be issued
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      • Article
        Lock icon SBI Offshore revamps board of directors
        75 14 SBI OFFSHORE has made key board changes as part of the strategic shift of its business activities towards manufacturing and contract services. Independent director Chan Lai Thong has been appointed executive chairman and executive director; executive director David Tan has been named chief executive
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      • Article
        Lock icon BreadTalk in China tie-up with Jumbo F&B Services
        124 14 BREADTALK Group, through wholly owned Together Inc Pte Ltd (TIP), is taking a 30 per cent stake in a planned joint venture in China with Jumbo F&B Services Pte Ltd (JFB) to operate restaurants under the Jumbo Seafood brand. The joint venture
        124 words
      • Article
        Lock icon RH Energy invests 25m yuan in Beijing Egotech Petroleum
        104 14 RH ENERGY has, through its wholly owned subsidiary Langfang Ruihua Petrochemical, invested 25 million yuan (S$4.25m) as registered capital in Beijing Egotech Petroleum Technology. Beijing Egotech is a wholly owned subsidiary of Langfang Ruihua Petrochemical, a company fully owned by RH
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      • Article
        Lock icon Chosen earnings up from $144,000 to $1.17m
        121 14 CHOSEN Holdings’ net profit rose to $1.17 million for the full year ended June 30, 2012, from $144,000 previously, helped by higher revenue, improved gross profit margin and the receipt of a $2.8 million insurance claim relating to the flood that hit its
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    • Article, Illustration
      Lock icon CAO ditches Johor storage terminal plan
      371 15  -  Project no longer feasible, it says By Felda Chay feldac@sph.com.sg Singapore ASIA’S top jet-fuel buyer China Aviation Oil (Singapore) has aborted a plan to enter into a joint venture with Malaysia’s Centralised Terminals Sdn Bhd (CTSB) to build and operate an oil storage terminal
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    • Article
      Lock icon Chip Eng Seng wins $137.3m HDB contract
      177 15  -  By Mindy Tan tanmindy@sph.com.sg Singapore CHIP Eng Seng Corporation has bagged a $137.3 million contract from the Housing and Development Board. The contract, which comprises the construction of seven residential blocks with 862 units and other community facilities at Bukit Panjang Neighbourhood 4
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      279 13 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DARWIN INTERIOR PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****9359H) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of the abovenamed company duly convened and held
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      482 15 SERIES Effective Leadership Customer Service Skills AUGUST 2012 FULL-DAY WORKSHOPS 23 Aug, 2012 (Thu) Unlock Your Personal Charisma The Unspoken Secret of the Successful SPH News Centre (9.30am to 6.00pm) What you will learn: How to connect with anyone (including difficult people) and win them over How to command presence
      482 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Corp comms needs to be an experience
      1192 16  -  Consumers and stakeholders will increasingly be looking for a more complete experience of the company, one which operates on many different levels FROM THE DESK OF Donald Lim CEO, DigiMagic TODAY’S CEOs and marketers are waking up to the fact that their corporate
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon DBS, OCBC and UOB retain top Asia ‘safest’ ranking spots
      333 17  -  Worldwide, the Singapore banks are 13th to 15th, while the top 10 are European By Toh Li Wen liwent@sph.com.sg SINGAPORE’S local banks have been named the top three safest banks in Asia for the second year running, according to the
      BLOOMBERG FILE PHOTO  -  333 words
    • Briefing
      • Article
        Lock icon YTL honoured at S’pore environmental awards
        57 17 MALAYSIA’S YTL Corporation was yesterday awarded top honours for its achievements in sustainability in the Regional Category of the Singapore Environmental Achievement Awards 2012. This is the first year that the Singapore Environment Council has introduced the Regional Category to recognise organisations in Southeast
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      • Article
        Lock icon NTUC Income ads win big at SPH iink Awards
        103 17 A CAMPAIGN by insurer NTUC Income Insurance that depicts life insurance as being as essential to people as rice, bread and milk, and shows how affordable life insurance can be, was the big winner at the SPH iink Awards 2012 last
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    • Article
      Lock icon HDB shopkeepers positive about business outlook: Khaw
      417 17  -  By Lee Mei Xian leemx@sph.com.sg EIGHT in 10 shops in residential estates intend to keep running their businesses over the next five years, revealed Minister of National Development Khaw Boon Wan in a blog entry yesterday. Citing findings from the Housing and Development
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    • Article
      Lock icon North East Line hit by power fault, signalling problem
      358 17 SINGAPORE’S rail service suffered yet another hiccup yesterday, with service on SBS Transit’s entire North East Line disrupted because of a power fault. According to various reports, the power trip caused some commuters to wait more than half an hour for
      358 words
    • Article, Illustration
      Lock icon Passion and sincerity the key to service excellence
      880 18  -  Two service staff show how dedication to their profession helped them move up the corporate ladder. By Timothy Loh and April Chye By Timothy Loh, April Chye IF ANYONE ever has to dispel the myth that service professionals have very few opportunities
      YEN MENG JIIN  -  880 words
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  • WORLD
    • Article, Illustration
      Lock icon White House studies potential oil reserve release
      616 19 Move will dampen prices, prevent high energy costs from undermining sanctions against Iran Reu ters Washington THE White House is “dusting off old plans” for a potential release of oil reserves to dampen prices and prevent high energy costs from undermining sanctions against
      Reuters; AP  -  616 words
    • Article
      Lock icon Execs say Obama better for global economy: poll
      201 19 Reuters London TWICE as many business executives around the world say the global economy will prosper better if incumbent US president Barack Obama wins the next election than if his Republican challenger Mitt Romney does, a poll showed yesterday. Democrat Obama was
      Reuters  -  201 words
    • Article
      Lock icon German ECB support boosts stocks
      409 19 Reuters London GLOBAL shares continued to rally yesterday, with top European stocks hitting a 13-month high helped by apparent support from German Chancellor Angela Merkel for European Central Bank (ECB) intervention to calm the eurozone’s debt troubles. Ms Merkel said declarations by ECB President Mario
      Reuters  -  409 words
    • Article
      Lock icon London financial firms seen cutting workers
      525 20 City’s proximity to euro crisis undermines its efforts to gain on New York, which is expecting a hiring rebound Bloomberg London FINANCIAL firms in London, besieged by Europe’s sovereign debt crisis, will probably shrink their workforce this year, snapping a hiring rebound from 2008’s
      Bloomberg  -  525 words
    • Article
      Lock icon Critics misunderstand US downgrade: S&P
      300 20 Bloomberg New York THOSE who point to falling Treasury yields since last year’s US downgrade as a sign that the rating should be higher show a “misunderstanding” of credit rankings, according to Standard Poor’s (S&P). Treasuries have returned 5.6 per cent since the US was
      Bloomberg  -  300 words
    • Article, Illustration
      Lock icon Wall St bonus estimates cut by pay consultant
      281 20 Bloomberg New York WALL Street bonuses for 2012 will be lower than earlier estimates as Europe’s sovereign-debt crisis and stagnating economic growth weigh on results, according to compensation consultant Johnson Associates Inc. “It’s the third year in a row where the first
      Bloomberg; AFP  -  281 words
    • Article, Illustration
      Lock icon Tokyo sees end to deflation in next fiscal year
      640 21  -  Reprieve for markets as Nikkei hits 3-month high, yen drops to month-low against dollar By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE financial markets enjoyed some temporary relief from gloom yesterday, as the government forecast an end to broad deflation in the economy
      REUTERS  -  640 words
    • Article
      Lock icon M’sian state investment firm 1 MDB plans US$2b initial public offering
      376 21 Bloomberg Kuala Lumpur 1MALAYSIA Development Bhd, the state investment company known as 1MDB, plans to raise as much as US$2 billion in an initial public offering (IPO) of its power assets, said a person with knowledge of the matter.
      Bloomberg  -  376 words
    • Article
      Lock icon 40% of American workers don’t get paid time off
      270 21 Bloomberg New York ABOUT 40 per cent of US workers, or more than 55 million Americans, do not get paid when they take vacation or sick days, the government reported. The Bureau of Labor Statistics (BLS) said in a report on
      Bloomberg  -  270 words
    • Article, Illustration
      Lock icon India may have lost US$33.3b in coal sales
      431 22 State auditor accuses govt of allocating coal blocks at a fraction of their market price Reuters AP New Delhi INDIA’S state auditor yesterday accused the government of allocating dozens of coal blocks at a fraction of their market price, costing the exchequer
      Reuters; AP; BLOOMBERG  -  431 words
    • Article
      Lock icon China lenders told to push developers for sales: source
      541 22 Bank regulator has also flagged developers’ cashflow concerns Bloomberg Beijing CHINA’S banking regulator told lenders to push developers for faster home sales, citing signs that credit quality is worsening, a person with knowledge of the matter said. The China Banking Regulatory
      Bloomberg  -  541 words
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  • Article
    Lock icon SGX
    8039 23 Transaction date: Aug 17 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 12 14 66.8 0.4 3.2 64.2 6 3 A-Sonic 3.4 -0.4 1 3.4 3.4 3.6 4.2 3.8 24.3
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  • Article
    Lock icon SGX CATALIST
    1756 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 $mil 20.5 12.1 t 800 Super 18.5 -0.5 100 18.5 18.5 18.1 19 4.7 3 7.2 33.1 4 2.5 t AA Grp 3.8 3.1 4.1 3.7
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 6 0 0 0 8 2 6 Manufacturing 51 41 46 5 4 8 56 45 54 Commerce 24 16 20 3 4 2 27 20 22 Tpt/Stor/Comms 16 13 10
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    777 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 13 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Goldtron 16-Aug-12 Tan Kok Hiang Buy 2000 0.00 0 0.00 2000 0.03 San Teh 16-Aug-12 Kao Ching
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,769 16,769 57,513 57,513 Manufacturing 231,019 120,839 351,858 174,563 2,909 177,471 Commerce 343,965 5,918 349,883 110,308 266 110,575 Tpt/Stor/Comms 115,316 10,094 125,410 163,383 3,078 166,461 Finance 26,993 53 27,046 104,936 22 104,958 Construction 129,868 2,051
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 Aug 16 COCOA (£/tonne) Close Prev High/Low Sep 12 1608 1638 1640/1606 Dec 12 1613 1642 1644/1610 Mar 13 1598 1624 1627/1595 May 13 1598 1624 1628/1595 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2064 2049 2087/2026 Nov 12 2103 2090 2114/2065 Jan 13 2101 2091 2109/2066 Mar 13 2100
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    • Article
      Lock icon METALS
      69 27 Aug 17 GOLD(US$/oz) Aug 17 Aug 16 Hong Kong 1626.30 1611.50 Hong Kong Aug 16 Aug 15 London 1615.31 1604.84 1616.08 1605.73 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 35.40 34.75 Source: UOB PLATINUM/ Lon (US$/oz) Aug 16 Close Previous PM Fix 1400.00 1400.00 AM Fix 1398.00
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    • Article
      Lock icon PALM OIL
      60 27 Aug 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2866.0 2860.0 2899.0 2866.0 1114 7920 Oct 12 2911.0 2910.0 2940.0 2905.0 7378 ***** Nov 12 2946.0 2942.0 2971.0 2938.0 ***** ***** Dec 12 2983.0 2976.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 27 Aug 17 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 0.26 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 INTERBANK CURRENCY RATES
      154 27 Aug 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3075 1.3092 1.0440 1.0449 Canadian dollar 1.2674 1.2689 1.0128 1.0119 Euro 1.5463 1.5476 1.2347 1.2352 NZ dollar 1.0119 1.0135 0.8080 0.8089 Sterling pound 1.9679 1.9688 1.5713 1.5714
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      135 27 As on 16 August 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 538.90 533.70 538.45 847 GOLD FUT DEC2012 1607.90 1607.90 1619.50 2 CURRENCY EUR-USD FUT SEP2012 1.2376 1.2260 1.2371 1567 BASE METAL COPPER FUT SEP2012 7461 7374
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    • Article
      Lock icon CHICAGO EOT
      103 27 Aug 16 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 12 1656.25 1659.75 1672.75 1646.25 Nov 12 1625.25 1634.50 1643.25 1619.50 Jan 13 1614.75 1625.50 1633.25 1611.00 Mar 13 1534.25 1541.00 1548.00 1524.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Sep 12 53.04 53.07 53.39 52.85
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    • Article
      Lock icon OIL
      68 27 Aug 16 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 114.48 1.01 WTI (Near Mth) 95.35 1.14 Dubai (1-Mth F) 110.94 1.93 Tapis blend 119.32 2.30 Minas 119.32 1.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.56 1.39 Jet Kerosene 132.34 2.16 US$/barrel OpecOil Basket Price 112.11
      68 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Aug 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.345 1.281 Can dollar 1.296 1.235 Euro 1.581 1.506 Sterling pound 2.004 1.927 NZ dollar 1.043 0.994 US dollar 1.268 1.220 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
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      Lock icon LONDON METALS
      68 27 Aug 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1804.00 1796.00 3 months 1842.00 1836.00 Copper, Grade A (US$/tonne) Cash 7442.75 7375.00 3 months 7449.00 7385.50 Lead (US$/tonne) Cash 1827.50 1803.00 3 months 1847.00 1823.00 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 16 Index Change Change Change Change Change Change World Preliminary 906.4 0.6 9.2 0.7 4.8 0.7 8.7 EAFE Preliminary 728.0 0.8 6.7 1.0 1.3 1.0 5.0 Europe Preliminary 1101.5 0.5 7.3
      373 words
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      Lock icon STOCK MARKETS
      107 27 Straits Times Index YTD change:+15.71% 52-week high: 3,088.45 on Aug 14,2012 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg Hang Seng Index YTD change: +9.12% 52-week high: 21,760.34 on Feb 20,2012 52-week low: 16,170.35 on Oct 4,2011 Source: Bloomberg Dow Jones Industrial Average YTD change: +8.45% 52-week high:
      Source: Bloomberg  -  107 words
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  • PERSPECTIVE
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      Lock icon Spotlight on executive compensation
      956 28 / 29  -  During this year’s AGM season in S’pore, investors have turned feisty at a number of shareholder meetings. By Joy Tan and Annabelle Yip By Joy Tan, Annabelle Yip ~The writers are joint heads of the corporate governance compliance practice at WongPartnership LLP IT MAY well be
      BLOOMBERG  -  956 words
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      Lock icon Debit beats cash for gold in payment option
      1060 28 / 29  -  By Brian McGrory ~The writer is head, core products, South-east Asia and Australasia at Visa Worldwide THE London 2012 Olympic Games has drawn to a close, but the race to be number one continues at the London 2012 Paralympics within a few
      1,060 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Book reveals ‘truth’ about hedge funds
        1233 30 / 31  -  Author claims fund managers are earning much more in astronomical fees while investors get minuscule returns and are better off investing in risk-free Treasuries Genevieve Cua gen@sph.com.sg Personal Finance Editor ARE hedge funds a boon or a bane? A book published this year, provocatively
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        Lock icon BROKERS' TAKE
        620 30 / 31  -  Compiled by Kenneth Lim Singapore Telecommunications Sell UOB Kay Hian Research Aug 16 Close: $3.29 MOODY’S Investors Service has downgraded SingTel’s senior unsecured ratings one notch from Aa2 to Aa3. According to Moody’s, “the downgrade reflects a weakening in key financial parameters, such as Debt/EBITDA and Free Cash
        620 words
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        Lock icon Market for junk bonds booms, yields decline
        1166 32  -  But, as a player says, ‘this could pave the way for heartbreak’. By Peter Lattman By Peter Lattman NYT New York MONEY market funds pay next to nothing. Interest rates on US Treasuries are dismal. The volatile stock market has been dead money
        NYT; AFP  -  1,166 words
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        Lock icon Not rosy for global bond market
        1180 33  -  Retail sales and jobs better than forecast, bonds disappoint. By Charles Mead, Matt Robinson Bloomberg New York WITH two weeks left in August, the global bond market has already delivered its biggest monthly loss since 2010 as reports from unemployment to consumer purchases suggest
        Bloomberg; AFP  -  1,180 words
    • WEALTH REAL ESTATE
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        Lock icon Soho China moves from sales to investment focus
        408 34 Commercial developer eyes rising rents, stability of leasing market Bloomberg Hong Kong SOHO China Ltd, the Bei-jing-based commercial developer whose profit dropped 65 per cent, said it will hold on to more of its properties as office rents in Beijing and Shanghai
        Bloomberg; BLOOMBERG  -  408 words
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        Lock icon Househunt
        498 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 18 AND JULY 24, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Icon Apt 23/07/2012 99 700 1250 1786 Skysuites Anson Apt 18/07/2012 99 667 1456 2183
        498 words
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        Lock icon NY luxury condo shattering price records
        1309 35 15 Central Park West setting standard for city’s trophy-home market, which has seen a surge in demand from investors Bloomberg New York APARTMENT owners at Manhattan’s 15 Central Park West, home to Goldman Sachs Group Inc chief executive Lloyd Blankfein and the musician Sting,
        Bloomberg; BLOOMBERG  -  1,309 words
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      147 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OF THE JULES AUDEMARS COLLECTION. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT. HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A WATCH OF RARE PRESENCE AND
      147 words
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      55 1 LivingBTTHE BUSINESS TIMES WEEKEND AUGUST 18 -19 2012 STYLE Dressed-down draw L8-9 GARDEN STATE Homeowners are paying greater attention to landscaping and outdoor furnishings L2-7 GADGETS Gadgets for channelling the Force L14 GOLF SunMoon’s strategy pays off L16-17 DINING Concepts reinterpreted L10-12 HEALTH Don't just do it L15 MOTORING Go
      55 words
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  • BT Living
    • HOME & GARDEN
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        Lock icon Garden state
        1236 2 / 3  -  stateMore homeowners here are paying greater attention to landscaping as Tay Suan Chiang finds out Tay Suan Chiang taysc@sph.com.sg WHEN retiree KC Ong was designing his three-storey bungalow in Changi three years ago, he was not just concerned with the architecture of his home. The landscaping mattered to
        PHOTOS BY YEN MENG JIIN  -  1,236 words
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        Lock icon DECKED OUT
        1168 4 / 5  -  Furniture stores report that sales of outdoor furniture are on the rise. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg WHEN it comes to furnishing a home, it used to be enough to just pick a sofa or a nice bedroom set, but these days, making sure
        PHOTOS OF LINCOLN CHAN’S HOME BY YEN MENG JIIN; PHOTO BY YEN MENG JIIN  -  1,168 words
    • STYLE
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        Lock icon DRESSED-DOWN DRAW
        1012 8 / 9  -  Capri by Fraser, Changi City, puts an offbeat design spin on the term ‘business hotel’. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg Capri by Fraser, Changi City 3 Changi Business Park, Central 1 Z 1800 338 0800 www.capribyfraser.com IT IS located in an up-and-coming business hub,
        PHOTOS: JOSEPH NAIR  -  1,012 words
      • Article, Illustration
        Lock icon Fifty shades of sales upside
        975 8 / 9 AP New York OU’VE bought rope for that special someone, picked up a few sex toys and read those Fifty Shades of Grey books a time or three. You know who you are. Well, no need to skulk about at naughty shops or the hardware
        AP; PHOTOS: AP  -  975 words
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        Lock icon Courting the international audience
        326 13  -  By Tan Teck Heng btnews@sph.com.sg SHE started her fashion label early last year with online retail and pop-up stores, before getting her own atelier-space at Raffles Quay. Now, designer Priscilla Shunmugam of Ong Shunmugam will be presenting her Spring/Summer 2013 collection at the upcoming Paris Fashion
        326 words
    • DINING
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        Lock icon Concepts Reinterpreted
        2319 10 / 11  -  Who needs yet another carbon-copied chain eatery? Debbie Yong looks at F&B operators casting their apples far from the tree with tweaked concepts and fresh brands Debbie Yong debyong@sph.com.sg Chye Seng Huat Hardware 150 Tyrwhitt Road Z6396 0609 Hours: 9am-7pm (Tue-Thu) 9am-10pm (Fri-Sun) LEON Foo doesn’t mind that
        2,319 words
    • GADGETS
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        Lock icon Gadgets for channelling the Force
        562 14  -  In lieu of a lightsaber, Razer has got an entire Star Wars-themed PC peripherals collection to help gamers take on ‘Star Wars: The Old Republic’, which is scheduled to go free to play in November. By Christopher Lim By Christopher Lim limchris@sph.com.sg Star Wars: The
        562 words
    • HEALTH
      • Article, Illustration
        Lock icon Don’t just do it
        1288 15  -  For those with underlying heart issues, sex can still be a joy as long as they stay fit and keep to regular medical consultations. By Michael Lim By Michael Lim btnews@sph.com.sg ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also
        FILE PHOTO  -  1,288 words
    • BT CORPORATE GOLF LEAGUE 2012
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        Lock icon SunMoon’s strategy pays off
        1059 16 / 17  -  The team pulls ahead of its first-round joint leader but is not taking its foot off the accelerator. By Justine Moss A MAMMOTH 118 points in the second round of the Business Times Corporate Golf League kept Team SunMoon convincingly at the top of the table.
        1,059 words
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        Lock icon Staying at the top of the field
        395 16 / 17 AFTER finishing runner-up last year in the Business Times Corporate Golf League, Team SunMoon has returned this year with roughly the same team and their “A” game that has seen them take a nine-point lead after two rounds. “We are optimistic about our
        395 words
      • Article, Illustration
        Lock icon Loving the challenges
        308 16 / 17  -  By Justine Moss btnews@sph.com.sg RETURNING for the third year as participants in the third instalment of the Business Times Corporate Golf League is another opportunity to bond both within and outside of the Rajah Tann team, make new friends and renew friendships from previous years, according to
        308 words
    • MOTORING
      • Article, Illustration
        Lock icon Michelin stands for motorsports
        796 18  -  Its Pilot Experience lets you get behind the wheel of a real race car. By Samuel Ee samuelee@sph.com.sg THE closest most people get to motorsports is when they’re sitting in front of the television. Of course there are Formula One and GT races that one can
        796 words
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        Lock icon LEXUS REFINED
        755 19  -  The flagship sedan of the Japanese luxury carmaker has been updated so extensively that it drives and rides like a different car. By Samuel Ee By Samuel Ee samuelee@sph.com.sg I T may be difficult to believe but the new Lexus LS has become even quieter and more comfortable.
        755 words
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        Lock icon Go west... in an A6
        739 20  -  With the car’s good high-speed stability it’s a smooth 4-hour drive from London to Cornwall. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE Cornish pasty may be widely regarded as Cornwall’s national dish but the westernmost tip of England has far more interesting sights and
        PHOTOS BY SAMUEL EE  -  739 words
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      1201 13 wine&dine with BTWeekend Chatterbox Chatterbox was the talk of the town since Mandarin Orchard Singapore commenced its operations in 1971. Featuring a spread of local heritage cuisines, Chatterbox was the first hotel restaurant that made local food famous both locally and worldwide. Feast on the legendary Mandarin Chicken Rice, which
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      34 14 HOME N E 11 ft f Don't work the kids. Get professional movers! To find out more, turn to CLASS 115 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT
      34 words
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      51 16 / 17 MAIN SPONSOR CO-ORGANISED BY HOLE-IN-ONE SPONSORS FINAL ROUND DINNER SPONSOR SPONSORS MEDIA PARTNER DATES VENUES Aug 30 Laguna National Golf Country Club, Masters Course Sept 12 Orchid Country Club, Vanda/ Aranda Course Sept 27 Raffles Country Club, Lake Course Oct 18 Singapore Island Country Club, New Course NETWORKING NIGHT PARTNER
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