The Business Times, 25 August 2012

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Total Pages: 48
1 20 The Business Times
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  • Title Section
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    22 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| AUGUST 25-26, 2012 S$1.00| S$1.00| MICA (P) 075/08/2012 Sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon Poor manufacturing raises again risks of technical recession
    723 1  -  July output weak due to smaller pharma boost and weak semiconductor demand; economists see slight easing in policy at October review By Teh Shi Ning tshining@sph.com.sg Singapore INGAPORE’s factories performed much worse than expected in July, raising the odds of a technical
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  • Article, Illustration
    Lock icon SMC found Susan Lim’s fees ‘unconscionable’
    820 1  -  Doctor also denounced for ‘egregious overcharging’ By Joyce Hooi joyceh@sph.com.sg Singapore IN A strongly worded finding last month, the Singapore Medical Council’s (SMC’s) disciplinary committee called fees that Susan Lim had charged her royal Bruneian patient “unconscionable”. As part of court papers that BT
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  • TOP STORIES
    • Article, Illustration
      Lock icon Eurozone defying sceptics, delivering on reforms: EFSF chief
      559 2  -  Economic imbalances are being corrected, and competitiveness gap is being remedied By Vikram Khanna vikram@sph.com.sg Singapore DESPITE scepticism from the global media and the financial markets, Europe’s strategy for dealing with its sovereign debt crisis is delivering results, said Klaus Regling, CEO
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    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,050.49 (-5.88) HSTI FUTURES 3,048.00 (-6.00) HSIMSCI 349.54 (-1.27) HSIMSCI FUTURES 349.00 (-0.90) Friday Change KL COMP 1,648.22 -3.39 NIKKEI 225 9,070.76 -107.36 HANG SENG 19,880.00 -252.21 SET 1,237.19 -0.45 JAKARTA 4,145.40 –17.26 MANILA 5,143.35 -59.49 KOSPI 1,919.81 -22.73 SHENZHEN B 582.97 -11.54 MUMBAI IND 17,783.20 -67.01 12noon
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.113 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 FOREX US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.584 1.982 EURO(US$/S$/€) 1.254 1.568 Foreign currency per US$ S$ YEN 78.70 62.90 RM 3.102 2.479 HK$ 7.756 6.199 BAHT 31.25 24.98 RUPIAH 9,510 7,601 RENMINBI 6.357 5.081 INDIAN RUPEE 55.40 44.28 A$ 0.962 0.769 NZ$ 1.234 0.987
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    • Article
      Lock icon N-Day Rally may focus on social issues
      781 3  -  Commentators see need for PM to move away from primarily economic narrative used in previous years By Malminderjit Singh msingh@sph.com.sg Singapore THE National Day Rally this weekend could focus more on social issues rather than economic ones, according to observers whom BT spoke
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    • Article
      Lock icon Apple, Samsung must stop some Korea sales
      482 4 Seoul court also tells them to pay damages as the two tech giants wait for key US decree Bloomberg Seoul APPLE Inc and Samsung Electronics Co must stop selling some smartphones and tablet computers in South Korea and pay damages after a Seoul
      Bloomberg  -  482 words
    • Article, Illustration
      Lock icon Kim Joo Guan bak kwa outlets back in business
      976 4  -  Shareholders of Addictive Food settle their differences privately By Grace Leong gleong@sph.com.sg Singapore BAK KWA stocks are again available at Kim Joo Guan’s two outlets now that the shareholders of Addictive Food have resolved their differences privately. Kevin Kwee and another
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    • Article
      Lock icon S’porean employees show less loyalty to employers: survey
      409 5  -  Many believe their colleagues in higher positions hinder their career progression By Angela Teng angeteng@sph.com.sg Singapore EMPLOYEES in Singapore are less engaged and loyal to their employers compared to their counterparts elsewhere, according to a study released yesterday. In fact, a higher
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    • Article
      Lock icon July capital goods orders fall by most in 8 months
      356 5 3.4% decline indicates that companies are pulling back on investment LATEST US DATA Bloomberg Washington DEMAND for US capital goods such as machinery and communications gear dropped in July by the most in eight months, indicating that companies are pulling
      Bloomberg  -  356 words
    • Article
      Lock icon Good response to eCO, One Dusun Residences
      636 6  -  HSR boosts efforts to sell Moda@East Coast Road units; non-landed private resale deals dip By Mindy Tan tanmindy@sph.com.sg Singapore BRAVING the traditionally inauspicious Hungry Ghost Festival has boded well for both eCO and One Dusun Residences, which saw keen interest from buyers. Indeed,
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    • Article, Illustration
      Lock icon Armstrong stripped of all his seven Tour de France titles
      686 6 He is also banned from cycling for life after he refused to fight drug allegations Bloomberg Reuters San Francisco CYCLIST Lance Armstrong will be stripped of his record seven Tour de France titles and banned from the sport for life
      Bloomberg; Reuters; AP FILE PHOTO  -  686 words
    • Article, Illustration
      Lock icon Germany ready to help Greek govt with reforms, says Merkel
      612 8 Her remarks serve as a rebuke to members of her own coalition who want Greece out of the eurozone Bloomberg AFP Berlin CHANCELLOR Angela Merkel said that Germany is ready to help the Greek government as it takes the necessary
      Bloomberg; AFP; AP  -  612 words
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      Lock icon Page 2 Advertisements Column 1
      60 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 House Hunt 34 Real Estate 35 LIVING Dining L2-7 Style L8-9 Home Garden L10-11 Design
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  • Page 5 Advertisements
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      11 5 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
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      197 5 r SUMMER MADNESS AT THE BRITISH CLUB We enjoy our summers so much, we want to share it with you. Take up any of our lifetime memberships and relish savings of over $3,000 today. Each membership is for the entire family and this offer is available for a limited time
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      82 7 s k Ay h B d t Rd o u 0 r g e e r -.C i l !> I s h w t e n o n a y i Robinson Rd) llv TO GET AHEAD IN BUSINESS, GET AN OFFICE SPACE IN THE HEART OF BUSINESS. At
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  • Page 8 Advertisements
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      467 8 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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  • WEEK IN REVIEW
    • THIS WEEK Aug 20-24, 2012
      • Article
        Lock icon Odds reshuffled in APB tussle
        68 9 HEINEKEN has sharply defined the takeover battle for Asia Pacific Breweries with a higher and final offer for the Tiger beer brewer, triggering a reshuffling of the odds. By putting up $5.4 billion, or $53 a share, it got Fraser and Neave to agree to
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      • Article
        Lock icon Not all dealers expect small car sales to be slow
        69 9 WITH the COE Category A premium for small cars at an all-time high of $73,501, some distributors of these models with engines of 1,600 cc and below are bracing themselves for a rough ride ahead. But not everyone agrees that
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      • Article
        Lock icon M’sia leaves S’pore trailing in Islamic finance business
        55 9 SINGAPORE is struggling to make inroads into Islamic finance even as neighbouring Malaysia is on the cusp of another record-busting year. Bankers say Singapore is hobbled by a lack of a domestic market for Islamic finance products, while Middle East investors are
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      • Article
        Lock icon Companies turning cautious on business travel
        76 9 COMPANIES tightening their belts against the backdrop of a slowing global economy are keeping a close eye on rising travel costs, though travel budgets are not expected to be scaled back as sharp- ly as during the 2008-2009 financial crisis. While not quite hitting
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      • Article
        Lock icon Keppel, SembMarine chart highs as oil firms plumb deep
        61 9 SEMBCORP Marine and Keppel Corporation the world’s two largest drilling-rig builders are having a record-busting year. The two Singapore yards, which build high-specification rigs designed for deepwater and ultra-deepwater exploration, are enjoying a bonanza of orders as oil and gas companies
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      • Article, Illustration
        Lock icon APB counter surges on fresh Heineken offer
        79 9 ASIA Pacific Breweries shares surged to a record $53 on Tuesday matching Heineken’s offer price for the maker of Tiger beer as analysts banked on the acquisition going through. The counter was up 4.8 per cent or $2.43 from Thursday last week, after
        AP  -  79 words
      • Article
        Lock icon Ex-RBS man gives Libor setting a S’pore twist
        85 9 A LAWSUIT by a former division head has cast the spotlight on the Royal Bank of Scotland’s practices in setting the London Interbank Offered Rate. Tan Chi Min, former head of RBS’s global banking and marketing division in Singapore, sued the bank
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      • Article
        Lock icon AirAsia seeks a home base in Singapore
        54 9 AFTER almost a decade of trying and failing to set up a Singa-pore-based budget carrier, AirAsia is planning to give it another go. Its new Singapore CEO, Logan Velaitham, has confirmed that Asia’s largest budget airline group is preparing to apply for a
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      • Article
        Lock icon inflation in July eases to 4% but outlook stays grim
        70 9 SINGAPORE’S headline inflation eased to 4 per cent year on year in July down from 5.3 per cent in June on the back of slower increases in the cost of accommodation, private road transport and oil-related items, the government said
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      • Article
        Lock icon Bungalow market astir with several changing hands
        51 9 SEVERAL big-ticket bungalow deals have been sealed recently including a few in Good Class Bungalow Areas. The number of bungalow deals in GCBAs doubled from nine in Q1 to 18 in Q2, with the value of transactions rising from $224 million to $359
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    • Article, Illustration
      Lock icon NEXT WEEK Aug 27-31,2012
      84 9 US DATA Aug 28 Aug consumer confidence Aug 29 Aug Beige Book report Q2 GDP second estimate July pending home sales Aug 30 July personal income/personal spending Aug 31 Aug Chicago PMI Aug Michigan sentiment July factory orders CHINA DATA Aug 27 Industrial profits EVENTS Aug
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      301 9 Across 1 Bank on much litter? (6) 4 Exclude most of domestic fowl (6) 8 Make a public announcement in favour of application (8) 10 Judge relative to be sprightly (6) 11 Influence wife in the course of speech (4) 12 An inquest performed close to Brixton Prison (3,7) 13
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      16 9 SATURDAY with Ludwig ‘That would be $500 for the return ticket and $50,000 for travel insurance...’
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  • THE RAFFLES CONVERSATION
    • Article
      Lock icon TRUE GRIT
      2521 10 / 11  -  Somaly Mam, global face of the anti-trafficking movement in Cambodia, can’t wait to “retire” to quiet peace to continue her work. By Anna Teo By Anna Teo anna@sph.com.sg HER schedule would seem typical of a jetsetting celebrity’s speaking engagements in Singapore in June and July, interspersed with meetings
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon F&N proposes $4b payout to shareholders
      853 12  -  Under a one-third capital reduction, the company will pay $8.50 for every share cancelled By Emilyn Yap emilyny@sph.com.sg Singapore FRASER and Neave (F&N) has proposed a payout of $4 billion to shareholders via a capital reduction, representing 84 per cent of its potential gain
      AFP  -  853 words
    • Article
      Lock icon SingPost could spin off some assets: OCBC report
      176 12 Reuters Singapore WITH property listings gathering pace in Singapore, it could be an opportune time for Singapore Post (SingPost) to spin off some of its post office assets, OCBC Investment Research said. SingPost has a property portfolio, consisting of 16 potentially saleable
      Reuters  -  176 words
    • Article
      Lock icon Raffles Education sinks into the red with $76.8m full-year loss
      397 12  -  By Jasmine Ng jasng@sph.com.sg Singapore RAFFLES Education Corp, Asia’s biggest private education provider, has posted a net loss for the full year as a result of goodwill impairment and a loss on disposal of land use rights. The firm said
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    • Article, Illustration
      Lock icon Cordlife FY2012 profitfalls 18.3%
      479 13  -  Dip attributed to one-off IPO expenses, higher capital expenditure By Toh Li Wen liwent@sph.com.sg Singapore CORDLIFE Group’s net profit for the April-June fourth quarter rose 0.9 per cent year on year to $2.3 million. For the full year ended June 30, the cord blood and tissue
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    • Article, Illustration
      Lock icon Tony Chew raises Intraco stake to 24.07%
      481 14  -  Move will boost his bargaining power should tycoon Oei want to take firm private By Kenneth Lim kenlim@sph.com.sg Singapore VETERAN businessman Tony Chew has shored up his stake in trading company Intraco ahead of a possible takeover offer from tycoon Oei Hong Leong.
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    • Article
      Lock icon Jaya posts 33% fall in full-year profit
      311 14  -  By Teo Si Jia teosj@sph.com.sg Singapore FEWER vessel sales have caused Jaya Holdings’ full-year earnings to shrink 33 per cent to US$43.81 million from the preceding financial year’s US$65.02 million. The Singapore-based offshore energy services group recorded a 17 per cent fall in
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    • Article
      Lock icon Venture Corp buying A-Reit’s Techplace property for $38m
      275 14  -  By Jasmine Ng jasng@sph.com.sg Singapore ASCENDAS Real Estate Investment Trust (A-Reit) has entered into an agreement to sell a leasehold property at Techplace II to Venture Corp for $38 million. The property Block 5006 Techplace II is one of the six blocks
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    • Article
      Lock icon Kian Ann reports 4% fall in Q4 earnings
      293 14  -  By Angela Teng angeteng@sph.com.sg Singapore KIAN Ann Engineering Limited’s net profit for the fourth quarter ended June 30, 2012 rose 4 per cent to $4.52 million from $4.34 million a year ago. Revenue for the quarter fell 2.8 per cent to $42.36
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    • Article, Illustration
      Lock icon Asian markets fall after QE3 dampener
      973 15  -  STOCKS Ven Sreenivasan ven@sph.com.sg Senior Correspondent CONCERNSoverslow progress of t h e E uro p ean debt crisis talks, poor US job data and indications that the Federal Reserve may not roll out another stimulus weighed on markets yesterday. Asian bourses fell in sympathy
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    • Article
      Lock icon Drilling jobs for KS Energy
      270 15  -  By Teo Si Jia teosj@sph.com.sg Singapore KS Energy has clinched new contracts for drilling rig operations in Indonesia and Mexico. The first deal a one-year contract with an option for another year is valued at US$87.6 million, assuming the option is exercised. This will see
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    • Business briefing
      • Article
        Lock icon Genting HK’s six-month profit down 37%
        45 15 GENTING Hong Kong posted a net profit of US$38 million for the six months ended June 30, a fall of 37.3 per cent from a year ago. Turnover slipped 2.8 per cent over the same period to US$217.6 million.
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      • Article
        Lock icon Oxley plans share split, rights issue
        46 15 OXLEY Holdings is proposing a share split of every 10 ordinary shares in company into 18 shares. After the share split, it will carry out a 1 -for-10 renounceable non-underwritten rights issue at an issue price of 17 cents each.
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      • Article
        Lock icon Thakral Corp nod for Brookfield’s offer
        70 15 THAKRAL Corporation, through its whol-ly-owned subsidiary, has agreed to accept Brookfield Asset Management Inc's increased offer of 81 Australian cents per share for its entire stake in Thakral Holdings Group. The group stands to receive A$16.65 million (S$21.76 million) from the disposal, which will
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      • Article
        Lock icon Lion Teck Chiang’s FY profit rises 77%
        60 15 LION Teck Chiang reported a 77 per cent increase in net profit to S$33.57 million for the financial year ended June 30, 2012. The company’s other income more than doubled to S$7.05 million from S$3.16 million ayear ago, while revenue rose 9.4 per
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      • Article
        Lock icon Khong Guan to accept Seleksi’s offer
        69 15 KHONG Guan Flour Milling Ltd said it intends to accept Seleksi Juang Sdn Bhd's offer of RM2.50 (S$1) per share for its 4.72 per cent stake in Malaysia-listed United Malayan Land Bhd. The total consideration for the proposed disposal is RM35.63 million, which the
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      14 13 Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings IcLA/FEBII/g
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    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      1820 13 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (“UNITED STATES”), CANADA, JAPAN OR AUSTRALIA. THE SECURITIES OF FAR EAST HOSPITALITY TRUST (“FAR EAST H-TRUST”) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon The road to raising productivity
      1043 16  -  FROM THE DESK OF Business owners need to appreciate the fact that raising productivity is a long-term investment, that will take the company to the next level of success. Low Gee Sing Managing Director of Sage Asia THE National Wages Council (NWC) recommended in May
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon ICT funding cap for SMEs increased
      541 17  -  IDA also raises grant cap for business improvement and packaged solutions projects By Felda Chay feldac@sph.com.sg SMALL and medium-sized enterprises (SMEs) looking to raise productivity will now get more government funding for information and communications technology (ICT) purchases. The Infocomm Development Authority of Singapore
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    • Article
      Lock icon Linde to supply industrial gases for Evonik’s Jurong plant
      360 17  -  By Jasmine Ng jasng@sph.com.sg GERMAN industrial gas producer Linde Gas will construct an integrated gases plant that can lay claim to being the first of its kind here. The company said yesterday that it had clinched a major long-term industrial gases
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    • Article
      Lock icon Ex-SPH senior executive Peter Khoo pleads guilty
      225 17 FORMER Singapore Press Holdings (SPH) senior executive Peter Khoo Chong Meng, who is accused of stealing shopping vouchers and taking kickbacks, yesterday pleaded guilty to two counts of corruption and one count of criminal breach of trust. The court took into consideration seven
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    • Article
      Lock icon Prof Lim stands by shock wage therapy
      572 18  -  Lim Chong Yah heartened by genuine interest among leaders for welfare and well-being of Singaporeans By Malminderjit Singh msingh@sph.com.sg THE man who advocated shock therapy earlier this year to address Singapore’s income gap is sticking to his guns. Lim Chong Yah still believes
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    • Article
      Lock icon S’pore seizes two Italian ships over unpaid debt
      177 18 Reuters Singapore SINGAPORE has arrested two vessels owned by Italian shipping firm Rizzo Bottiglieri De Carlini Armatori due to an outstanding debt of nearly US$5 million, a lawyer handling the case said yesterday. Singapore’s Supreme Court approved the arrest this month of
      Reuters  -  177 words
    • Article, Illustration
      Lock icon Dover Park Hospice raises $1.06m at Sunflower Ball
      289 18 DOVER Park Hospice’s (DPH) Sunflower Ball 2012 has received strong support as it raised $1.06 million towards the provision of palliative care to more terminally ill patients both at home and at the hospice. The donations, which will be matched dollar-for-dollar by
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  • WORLD
    • Article, Illustration
      Lock icon ECB may await German court’s ESM ruling
      614 19 Draghi unlikely to unveil full details of govt bond purchase plan at Sept 6 press conference, say ECB sources Bloomberg Frankfurt EUROPEAN Central Bank (ECB) president Mario Draghi may wait until Germany’s Constitutional Court rules on the legality of Europe’s permanent bailout fund
      Bloomberg; AFP  -  614 words
    • Article
      Lock icon One-off factors depress UK growth
      413 19 Reuters London BRITAIN’S economy shrank less than first thought in the second quarter despite a hefty drag from trade, but the wider picture of economic weakness was little changed, data yesterday showed. Second-quarter output fell 0.5 per cent, compared to an initial estimate of 0.7
      Reuters  -  413 words
    • Article
      Lock icon Two die, several injured in NY shooting spree
      262 19 AFP AP New York A GUNMAN and one other person were killed and numerous others wounded yesterday during a mass shooting at rush hour outside New York’s Empire State Building, police said. Streets around one of the Big Apple’s biggest attractions were
      AFP; AP  -  262 words
    • Article, Illustration
      Lock icon Noda calls for calm over Takeshima dispute
      579 20  -  He vows ‘unflagging resolve’ in dealing with Japan’s territorial rows with South Korea, China By Anthony Rowley Tokyo JAPANESE Prime Minister Yoshihoko Noda last night attempted to cool the increasingly bitter dispute between Japan and South Korea over ownership of the Takeshima Islands,
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    • Article
      Lock icon Osaka bourse tumbles amid concerns over merger with TSE
      547 20 Bloomberg Hong Kong OSAKA Securities Exchange Co (OSE) shares headed for a record decline a day after Tokyo Stock Exchange Group Inc (TSE) won control of Japan’s No 2 equity venue. OSE tumbled by its daily limit of 70,000 yen to
      Bloomberg  -  547 words
    • Article
      Lock icon HSBC in money-laundering settlement talks
      825 21 CEO Stuart Gulliver says that US$700 million provision for any US fines may increase Bloomberg New York HSBC Holdings plc, which is under investigation by US regulators for laundering funds of sanctioned nations including Iran and Sudan, is in talks to settle the matter, two
      Bloomberg  -  825 words
    • Article, Illustration
      Lock icon RIM unveils new Blackberry to wireless carriers
      428 21 AP Kitchener, Ontario CANADIAN phone maker Research In Motion (RIM) has begun showing its new BlackBerry smartphones to wireless carriers around the world, but the struggling company says it is still months away from starting to sell them. The smartphones running the new
      AP  -  428 words
    • Article
      Lock icon Zhejiang strives to rescue small firm in debt
      816 22 Fear is that packaging firm’s financial collapse could pull down other local businesses Reuters Shanghai CHINA’S eastern province of Zhejiang has launched an extraordinary campaign to rescue a small, indebted packaging firm to prevent a wave of regional insolvencies, a sign of
      Reuters  -  816 words
    • Article, Illustration
      Lock icon Top Vietnamese banker’s arrest unnerves investors
      496 22 Ex-ACB director is held as govt widens probe into economic crimes AP Hanoi POLICE have arrested the former director of one of Vietnam’s largest banks as part of a widening probe into economic crimes that has spooked investors and added to doubts about the
      AP  -  496 words
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  • Page 22 Advertisements
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  • Article
    Lock icon SGX
    8034 23 Transaction date: Aug 24 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 13.6 13.5 14 66.8 0.4 3.3 65.1 6 3 A-Sonic 3.4 3.7 4.5 3.8 24.3 AAT 2 halt 1.6
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  • Article
    Lock icon SGX CATALIST
    1825 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 $mil 20.5 12.1 t 800 Super 19.2 +0.9 111 19.2 18.1 19.1 19.2 4.7 2.9 7.4 34.3 4 2.5 t AA Grp 3.8 3.1 4.1 3.7
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 6 0 0 0 3 6 6 Manufacturing 46 48 42 11 7 10 57 55 52 Commerce 18 31 15 2 5 5 20 36 20 Tpt/Stor/Comms 9 20 12
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    756 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 20 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Pacific Healthcare 23-Aug-12 William Cheong *Buy 12 0.10 ***** 11.90 ***** 11.90 Pacific Healthcare 22-Aug-12 Pacific Investments
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,992 14,992 90,991 90,991 Manufacturing 192,337 71,356 263,693 507,477 1,190 508,667 Commerce 213,496 4,107 217,603 103,131 264 103,395 Tpt/Stor/Comms 66,062 16,863 82,925 85,818 4,961 90,779 Finance 29,165 198 29,363 105,667 80 105,747 Construction 101,422 8,146
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 Aug 23 COCOA (£/tonne) Close Prev High/Low Sep 12 1570 1574 1590/1560 Dec 12 1583 1584 1602/1572 Mar 13 1571 1571 1592/1564 May 13 1574 1573 1596/1568 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2006 2043 2049/2005 Nov 12 2041 2081 2098/2040 Jan 13 2046 2082 2097/2045 Mar 13 2050
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    • Article
      Lock icon METALS
      69 27 Aug 24 GOLD(US$/oz) Aug 24 Aug 23 Hong Kong 1672.00 1668.40 Hong Kong Aug 23 Aug 22 London 1672.93 1640.62 1673.84 1641.54 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 38.06 37.41 Source: UOB PLATINUM/ Lon (US$/oz) Aug 23 Close Previous PM Fix 1540.00 1518.00 AM Fix 1549.00
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    • Article
      Lock icon PALM OIL
      57 27 Aug 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 3025.0 3017.0 3045.0 3020.0 371 4830 Oct 12 3067.0 3041.0 3073.0 3041.0 2860 ***** Nov 12 3090.0 3061.0 3097.0 3066.0 ***** ***** Dec 12 3095.0 3075.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 27 Aug 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 22-Nov-12 0.25 0.20 0.2 6-Month BS*****H 21-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-14 100.03 100.05 100.05 5-Year
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      Lock icon INTERBANK CURRENCY RATES
      154 27 Aug 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3001 1.3009 1.0392 1.0397 Canadian dollar 1.2581 1.2584 1.0057 1.0056 Euro 1.5680 1.5688 1.2533 1.2538 NZ dollar 1.0131 1.0140 0.8098 0.8104 Sterling pound 1.9819 1.9827 1.5841 1.5846
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      Lock icon SMX MARKET UPDATE
      82 27 As on 23 August 2012 www.smx.com.sg _r P a 2 5 V.i ft? s 5 1 i H S3 i; 1 f*} Si 3r— S3 :s .n 1 u r /‘A a: S3 Iff c i rn a S 5: c V L 'J E 1 ■n
      82 words
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      Lock icon CHICAGO BOT
      103 27 Aug 23 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 12 1727.25 1748.00 1764.75 1720.00 Nov 12 1715.00 1727.75 1744.75 1704.25 Jan 13 1706.00 1715.00 1732.50 1694.00 Mar 13 1614.50 1623.25 1639.50 1608.00 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Sep 12 56.12 56.17 56.54 55.70
      103 words
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      Lock icon OIL
      68 27 Aug 23 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 116.34 1.32 WTI (Near Mth) 95.77 -1.31 Dubai (1-Mth F) 112.96 1.88 Tapis blend 120.65 2.28 Minas 118.75 0.88 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.37 2.54 Jet Kerosene 133.89 1.85 US$/barrel OpecOil Basket Price 112.20
      68 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Aug 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.331 1.268 Can dollar 1.283 1.222 Euro 1.603 1.527 Sterling pound 2.014 1.937 NZ dollar 1.042 0.993 US dollar 1.265 1.217 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon LONDON METALS
      69 27 Aug 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1877.25 1844.75 3 months 1904.50 1875.00 Copper, Grade A (US$/tonne) Cash 7676.50 7599.00 3 months 7684.00 7605.00 Lead (US$/tonne) Cash 1943.00 1908.75 3 months 1952.00 1918.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
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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 23 Index Change Change Change Change Change Change World Preliminary 904.1 -0.3 9.0 -0.5 4.6 0.0 8.9 EAFE Preliminary 725.4 -0.2 6.3 0.1 1.7 0.6 5.9 Europe Preliminary 1089.9 -0.4 6.2
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      Lock icon STOCKS
      106 27 Straits Times Index YTD change:+15.27% 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: +7.84% 52-week high: 21,760.34 on Feb 20,2012 52-week low: 16,170.35 on Oct 4,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: -4.88% 52-week high: 2,616.64
      Source: Bloomberg  -  106 words
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  • PERSPECTIVE
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      Lock icon Can innovation end M-E strife?
      891 28 / 29  -  Perhaps it’s time the Israelis consider applying their talent for business risk-taking to finding novel ways to settle their conflict with the Arabs Leon Hadar Washington correspondent THE notion that Israel has become a “Start-Up Nation” has been popularised by two American writers, Dan Sennor
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      Lock icon Reducing costs the smart way
      763 28 / 29  -  By Jennifer Berthold ~The writer is vice-president general manager, Global Corporate Payments, American Express International EXPENSE management is a topic that many companies are focusing on during these times, particularly with the recent spotlight on productivity and innovation among SMEs and larger corporations. Having a
      763 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Falling out of love with equities
        1988 30 / 31  -  Stocks and bonds are losing their allure as the high returns of the past are unlikely to be maintained. By William Gross ~The writer is managing director of Pimco THE cult of equity is dying. Like a once bright green aspen turning to subtle
        AP; Source: www.bcaresearch.com; Haver Analytics  -  1,988 words
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        Lock icon BROKERS' TAKE
        677 30 / 31  -  Compiled by Lynn Kan Singapore land transport BUY ComfortDelGro SELL SMRT Maybank Kim Eng Research Aug 24 Close: ComfortDelGro $1.68 SMRT 1.670 OUR Long-ComfortDelGro, ShortSMRT pair trade has reaped plump rewards for investors executing our recommendation since our April 5 report with a 15 per cent differential emerging
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        Lock icon Gold bulls strongest since November
        1161 32 Investors’ hoard hits new high as they buy bullion worth US$2.5b this month; analysts see price rise next week Bloomberg London GOLD traders are the most bullish in nine months after investors’ bullion holdings expanded to a record on mounting speculation that central banks will
        Bloomberg; BLOOMBERG  -  1,161 words
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        Lock icon Opening up the mind in Nepal, Harvard
        1458 33  -  A three-month break allowed me to recharge and absorb new ideas so that I feel I still have something to offer readers SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder YOU are back already?” exclaimed
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    • WEALTH REAL ESTATE
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        Lock icon Househunt
        897 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 25 AND JULY 31,2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Eon Shenton Apt 26/07/2012 99 538 1235 2296 Int'l Plaza Apt 25/07/2012 99 1033 1100 1065
        897 words
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        Lock icon Billionaire develops private Western village
        919 35 Proposed land-swap deal to insulate the frontier town in the Rocky Mountains has divided local residents Bloomberg Denver ENERGY billionaire William Koch is developing a private 19th-century Western village, with a saloon, a jail and a train station, high in the Rocky Mountains in a
        Bloomberg; BLOOMBERG; BLOOMBERG FILE PHOTO  -  919 words
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      62 36 <$> meira as resqh U I I A TO BREAK THE RULES, YOU MUST FIRST MASTER THEM^^ OUR CONGRATULATIONS TO RORY MCILROY, WINNER OF THE PGA CHAMPIONSHIP. AN EIGHT SHOT WINNING MARGIN AND NEW TOURNAMENT RECORD. ONCE AGAIN WORLD NUMBER ONE. Tjdemars Piguet Le Brass us SINGAPORE AUDEMARS PIGUET BOUTIQUE
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      55 1 LIVING Good to go L4-5 LivingBTTHE BUSINESS TIMES WEEKEND AUGUST 25-26 2012 ART CENTRAL Gillman Barracks, destination du jour? L2-3 STYLE Haute to trot L8-9 WATERFALL, HIROSHI SENJU (2010)/ PHOTO: SUNDARAM TAGORE GALLERY HOME GARDEN Her own world L10-11 DINING Bakers on the rise L6-7 GOLF BT Corporate Golf L17
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  • BT Living
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      Lock icon ART CENTRAL
      864 2 / 3  -  Come Sept 15, Gillman Barracks opens as Singapore’s and the region’s new destination for contemporary art. Helmi Yusof and Debbie Yong size it up. Helmi Yusof Debbie Yong helmi@sph.com.sg debyong@sph.com.sg ON a verdant plot of land off Alexandra Road, there are 14 co-lonial-era barracks within walking distance of
      864 words
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      Lock icon EATS ON THE SIDE
      770 2 / 3  -  By Debbie Yong Masons Block 8 Lock Road, #01-17 Opens in October WHAT good is restoring a building steeped in history, if no credit at all is given to its previous inhabitants? That was the philosophy, at least, that restaurant owners Rob Coldman and Karen Yeo
      770 words
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      Lock icon GOOD TO GO
      1677 4 / 5  -  Debbie Yong spotlights four new dining and nightlife pop-up events that are looking to go permanent. Debbie Yong Diner en Blanc When: Aug 30, annual Where: Revealed to attendees three hours before the event SINGAPOREANS are a funny lot. We leave it to our Filipino domestic helpers
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    • DINING
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        Lock icon Bakers on the rise
        1003 6 / 7  -  A growing group of local bakers are setting up bite-sized shops to dish out artisan pastries and healthy bespoke treats. .Debbie Yong snacks and tells. Debbie Yong debyong@sph.com.sg JUST as we approach the crest of the speciality coffee and coffee fads in Singapore, another new wave
        PHOTOS OF FABULOUS BAKER BOY BY YEN MENG JIIN  -  1,003 words
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        Lock icon New treats on the block
        957 6 / 7 The Fabulous Baker Boy Where: The Foothills, 70 River Valley Rd Z6694-8336 Who: Juwanda Hassim, previously a theatre performer and operations manager with the 1-Ro-chester Group, started his home-baking outfit, The Fabulous Baker Boy, two years ago and expanded it further with a brick-and-mortar shop
        957 words
    • HOME & GARDEN
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        Lock icon Her own world
        1020 10 / 11  -  Jewellery designer Rachel Cheng buys pieces which can seldom be found elsewhere and believes in taking time to furnish her home By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg IT IS easy to spot jewellery designer Rachel Cheng’s home along one of the streets
        PHOTOS: YEN MENG JIIN  -  1,020 words
    • DESIGN
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        Lock icon Own a Ferrari for $5.95
        918 12  -  Shell has collaborated with Ferrari and Lego to introduce six buildable, collectible Ferrari models. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg WHEN the Formula 1 SingTel Singapore Grand Prix races into Singapore next month, eyes will be on the red Ferrari cars. And
        PHOTOS: SHELL, ANDY WOODMAN  -  918 words
    • STYLE
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        Lock icon Haute to trot
        960 8 / 9  -  Can Singapore designers carve out a niche in the rarefied realms of world-class haute couture, asks Tan Teck Heng Tan Teck Heng btnews@sph.com.sg RAVEENA LAL has big dreams. Singapore fashion may not have anything close to haute couture as defined by the Paris Chambre Syndicale de la
        PHOTOS: FREDERICK LEE; PHOTOS: ALAN LIM; PHOTOS: JESSICACINDY  -  960 words
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        Lock icon The ins and outs of fashion
        1097 13  -  Shoppers instead glean their fashion intelligence from a welter of sources. By Ruth La Ferla NYT New York KATE Lanphear, the plati-num-thatched, leather-sheathed style director of Elle, is commonly peppered at dinner parties with questions about fashion’s next wave. “The thing I get asked
        NYT  -  1,097 words
    • GADGETS
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        Lock icon Flex that tech
        545 14  -  Google Android phones features but shelling out purely processor speed and screen missing out on the really By Christopher limchris@sph.com.sg 4X HD contract mobile phones are never cheap, model like LG’s Optimus 4X HD comparable rivals by as much big deal. only two competing models with processors
        545 words
    • HEALTH
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        Lock icon Managing the diabetic condition
        926 15  -  It is a challenge to get diabetics to self-monitor their blood glucose. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg THE food that people with diabetes take, their exercise and medication, are integral to the management of the condition. Now, if only more who suffer from the
        FILE PHOTO  -  926 words
    • SPORTS
      • Article, Illustration
        Lock icon Cracker opening for new BPL season
        684 16  -  A whopping 27 goals, with two 5-0 results, and plenty of talking points to keep fans sustained add to appeal no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent THE new Barclays Premier League (BPL) season is barely a week old and already I’m struggling to
        AP  -  684 words
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        Lock icon US Open feels absence of injury-hit Nadal
        536 16  -  grand slam with steve dawson The writer is a presenter on ESPN’s SportsCenter every weekday at 7.30pm. WHEN the US Open the final major of the professional tennis calendar begins in New York on Monday, the absence of a certain high-ranking Spanish player
        AP  -  536 words
    • BT CORPORATE GOLF LEAGUE 2012
      • Article
        Lock icon Laguna beckons at mid-way point
        308 17  -  A couple of course changes, in addition to lightening greens, await participants next week. By Justine Moss NEXT week sees the third leg and mid-way point of the Business Times Corporate Golf League tee off on the testing Laguna National Golf Country Club’s Masters Course.
        308 words
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        Lock icon Giving their best shot
        287 17 READING the local coverage of the Business Times Corporate Golf League in previous years prompted League debutants Deutsche Bank to sign up this year. “We thought it would be fun to participate and have some of our clients join us to ‘spar’ with other like-minded golf
        287 words
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        Lock icon Well-armed league supporter
        511 17 btnews@sph.com.sg WITH 12 players in their line-up this year, The Crane Boomers are well armed to take on the rest of the competition in this year’s Business Times Corporate Golf League. The team from Tat Hong is currently lying in 11th position after two rounds but as
        511 words
    • MOTORING
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        Lock icon LA DOLCE VITA
        604 18  -  Driving a Maserati is what living the good life is all about. By CY Chew btnews@sph.com.sg AS COE prices spiral upwards, owning a luxury automobile in Singapore is more than about getting from point A to B. It’s also about lifestyle, and enjoying the finer things in
        604 words
      • Article, Illustration
        Lock icon Quintessentially Japanese
        742 19  -  Lexus chief engineer Hideki Watanabe understands the more delicate appeal of the LS saloon, conveyed through its quality and technology. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IF you’ve always felt that there was something subtly majestic about the Lexus LS luxury limousine, you’re not wrong. That’s because
        742 words
      • Article, Illustration
        Lock icon Bosch leaves mark on car safety
        612 20  -  The world’s largest supplier of automotive technology boasts innovations such as the Anti-lock Brake System. By Edwin Loh By Edwin Loh btnews@sph.com.sg IMMORTALISED on the Bosch Group’s logo is an invention that every motor vehicle depends on to get its engine roaring to life
        612 words
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      114 6 / 7 THE SOUND VISION SPECIALIST AV ONE 2012 COLLECTIONS Zikmu designed by Philippe Starck Now: $2,688 Black, White, Red Available Custom AV Room Feature Wall Design AV ONE TOTAL AUDIO VISUALISM' 0 A Sony, Infocus, Panasonic Full HD 3D Projector Made in Japan. From $2,699 $35,000 PMC, Lindemann Hifi/Cinema System Made
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      994 8 / 9 wine&dine with BTWeekend Triple Three Named after the address of the hotel 333 Orchard Road Triple Three is Mandarin Orchard hotel’s award-winning buffet restaurant, featuring 8 culinary stations and a plethora of Asian and international delicacies, prepared fresh daily for one’s dining pleasure. In addition to the juiciest sashimi and
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      261 15 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a
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