The Business Times, 8 September 2012

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL32235
Total Pages: 49
1 20 The Business Times
Page thumbnail Page 1
Page thumbnail Page 2
  • Article, Illustration
    Lock icon SuperMario’s Big Bazooka
    774 2  -  Threat of shock-and-awe levels of financial firepower has come across as sweet music to the markets By Vikram Khanna vikram@sph.com.sg Singapore AFTER saying repeatedly that he will do “whatever it takes” to save the euro, European Central Bank (ECB) president Mario Draghi has at last unveiled his
    REUTERS  -  774 words
  • MARKETS
    • Article
      Lock icon STOCKS
      58 2 GSTI 3,011.70 (+22.44) GSTI FUTURES 3,010.00 (+22.00) GSIMSCI 346.06 (+3.32) GSIMSCI FUTURES 346.20 (+3.70) Friday Change KL COMP 1,624.55 +6.56 NIKKEI 225 8,871.65 +191.08 HANG SENG 19,802.10 +592.86 SET 1,246.10 +2.18 JAKARTA 4,143.68 +40.82 MANILA 5,201.32 +51.21 KOSPI 1,929.58 +48.34 SHENZHEN B 582.71 +15.39 MUMBAI IND 17,683.70 +337.46 12.30
      58 words
    • Article
      Lock icon PRIME RATES
      29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 14.75 Source: Bloomberg
      29 words
    • Article
      Lock icon FOREX
      48 2 us$ s$ US$ (S$ per US$) 1.240 (US$/S$ per 1.597 1.981 EURO(US$/S$/€) 1.267 1.572 Foreign currency per US$ S$ YEN 78.90 63.60 RM 3.109 2.506 HK$ 7.756 6.253 BAHT 31.20 25.15 RUPIAH 9,585 7,728 RENMINBI 6.342 5.113 INDIAN RUPEE 55.47 44.72 A$ 0.967 0.780 NZ$ 1.243 1.003
      48 words
    • Article
      Lock icon Fancy a million-dollar HDB apartment?
      558 6  -  Executive maisonette on Mei Ling Street could cross that figure in just-concluded deal By Felda Chay feldac@sph.com.sg Singapore AN executive maisonette on Queenstown’s popular Mei Ling Street could become the first public housing apartment to be sold for a million dollars. The first appointment with
      558 words
    • Article, Illustration
      Lock icon SingHealth CEO named Woman of the Year
      603 6  -  By Jasmine Ng jasng@sph.com.sg Singapore SINGHEALTH CEO Ivy Ng has been crowned Her World Woman of the Year for her “superwoman” ability in juggling her roles as a doctor, mother of four and wife to Defence Minister Ng Eng Hen. Prof Ng said
      KEVIN LIM/THE STRAITS TIMES  -  603 words
    • Article, Illustration
      Lock icon Obama’s case for 2nd term: harder path to better place
      615 8 President says US economic recovery would be jeopardised by a Republican victory in Nov NYT Charlotte, North Carolina BARACK Obama accepted the Democratic nomination for a second term as US president on Thursday night here, making a forceful argument that
      NYT; AFP  -  615 words
    • Article
      Lock icon KL’s July surplus at 10-year low
      441 8  -  Tally of RM3.6b a reflection of the weak global economy By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIA registered its lowest trade surplus in a decade in July of RM3.6 billion (S$2.5 billion), as the effects of the weak global economy began to bite. Although
      441 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      61 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 Design L2-6 Guest chef L7 Dining L8-12 Travel
      61 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      59 3 Ermenegildo Zegna Su Misura Made to measure is the art of personal elegance. Our promise is to deliver perfectly tailored apparel designed for your individual character from an unparalleled collection of Zegna fabrics. From personalized suits to entire wardrobes, the unique dividend of “Su Misura” is exacting sartorial excellence. ION
      59 words
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      421 5 A su i 5S> >4 5s. ml mwt SMART Investment International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT 8 (Sat) 9 (Sun) Sept 2012 11am 7pm Hall A, Sands Expo Convention Center, Marina Bay Sands (Bayfront MRT station, Exit D) Learn Strategies to Win View Outstanding Overseas Property
      421 words
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      35 7 Tune in to Singapore’s first all new radio station in 20 years AUthe great songs in one place On Air 3 September Share with us on: E www. f acebook. com kiss92f m @kiss92fm www.kiss92.sg
      35 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      487 8 KAT3 NOTICES NOTICE OF RELOCATION POSH NAILS FACE BODY salon is relocating from the current address: #01-51/52 East Point Mall to Pasir Ris Loyang Point #02-343/319C Street 21 Singapore *****8 from 28 September 2012. Any enquiries and appointments, please call 6585 3003. NOTICE OF RESOLUTION MILLION PACKAGING PTE LTD (In
      487 words
Page thumbnail Page 9
  • WEEK IN REVIEW
    • THIS WEEK Sept 3-7, 2012
      • Article
        Lock icon Privatisation tide rising in Singapore
        38 9 THE wave of delistings in Singapore this year is expected to continue, thanks to pent-up liquidity in the hands of majority owners and the general malaise in the equity markets, market watchers say.
        38 words
      • Article
        Lock icon Bernanke flashes the big ‘bazooka’ in his bag
        62 9 AT the annual central banker conference in Wyoming last week, Federal Reserve chairman Ben Bernanke doubled down on his strategy of fending off recession via monetary easing. While his speech from Jackson Hole did not contain an explicit plan for further easing
        62 words
      • Article
        Lock icon Exporters in Asia get that sinking feeling
        51 9 ASIAN manufacturing’s gloom darkened further in August as the region’s exporters continued to struggle against weak global demand. And while anticipated policy easing from both the US and Asian central banks could help, that may do no more than limit the downside, economists
        51 words
      • Article
        Lock icon Brunei prince sues S’pore business associate
        48 9 PRINCE Abdul Hakeem, a nephew of the Sultan of Brunei, is suing Ricky Ang Gee Hing, executive vice-chairman of Elektromotive Group, over broken promises. He is seeking at least $7.8 million in damages, partly for loss of his commercial reputation and goodwill.
        48 words
      • Article
        Lock icon Bursa-SGX link finally gets a date: Sept 18
        54 9 THE long-delayed Asean trading link will finally begin on Sept 18 if it does not get postponed again. After an epic wait, the Singapore Exchange and Bursa Malaysia on Monday finally put a firm date on the start of the cross-trading arrangement
        54 words
      • Article
        Lock icon Govt acts to contain rash of shoebox units
        49 9 THE Urban Redevelopment Authority has acted to manage the proportion of shoebox units in suburban areas. It is seeking to cap the number of homes in new developments, based on an average unit size of 70 square metres gross floor area.
        49 words
      • Article
        Lock icon Manufacturing braces for ‘winter’ as cold winds gather
        73 9 NEW orders for Singapore’s manufacturers shrank more rapidly in August, pushing the purchasing managers’ index deeper into contraction and highlighting afresh the gloom that lies ahead for the sector. In line with the weak PMI data for China and other Asian exporters
        73 words
      • Article
        Lock icon Prompt payment of bills hits record low of 37.3%
        54 9 MORE firms are having cash-flow problems with more than half the payments being delayed. Only seven bills out of 20 were paid on time, with prompt payment hitting a record low of 37.3 per cent in the second quarter, said the
        54 words
      • Article
        Lock icon Super Wi-Fi comes with promise of super dollars
        65 9 WHAT was once merely staticky snow on television sets will soon be driving a new wireless technology here “Super Wi-Fi” expected to become a US$1 billion market globally. In Singapore, this wireless technology on steroids might just leave Wi-Fi in the dust
        65 words
      • Article
        Lock icon Head-scratching as Asean trading link nears launch
        59 9 KEY questions about the long-de-layed Asean trading link continue to confound investors even as the tie-up between the Singapore Exchange and Bursa Malaysia is slated to finally begin in less than a fortnight. Details about custody, costs and other operational matters are still
        59 words
      • Article, Illustration
        Lock icon Unlimited bond-buying by ECB to prop up euro
        87 9 MARIO Draghi, the president of the European Central Bank, staked its economic might and his own reputation in an effort to dispel fears about the euro and to reduce borrowing costs. He said yesterday that the bank will conduct unlimited purchases of
        BLOOMBERG  -  87 words
      • Article
        Lock icon F&N-Heineken pact keeps 3rd parties at bay
        62 9 FRASER and Neave has to give Heineken the right of first refusal should it wish to sell its stake in their joint venture controlling Asia Pacific Breweries. This is one of the reasons why F&N has to accept Heineken’s offer for its shares
        62 words
    • Article
      Lock icon NEXT WEEK Sept 10-14, ’12
      81 9 US DATA Sept 11 July international trade Sept 12 Aug import and export prices Sept 13 Aug initial jobless claims Aug producer price index Sept 14 Aug consumer price index Aug retail sales Aug industrial production July business inventories CHINA DATA Sept 10 Aug trade
      81 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      333 9 Across 1 Very large vehicles gaining awards (6) 5 One’s lair, in peace, in local (8) 9 No need for a prompt on stage if this character gets tense (6-7) 10 ‘Beefy’ fare perhaps for riotous do in Oval (8) 11 Stratagem revealed by doctor during walk (6) 12 Tricky
      333 words
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      10 9 SATURDAY with Ludwig ‘Let’s go indoors for some fresh air
      10 words
Page thumbnail Page 10 / 11
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Relentless transformer
      2645 10 / 11  -  China Merchants Bank chief Ma Weihua changed the bank’s business model and management processes with his reformist, inventive streak. By Cai Haoxiang By Cai Haoxiang haoxiang@sph.com.sg IT WAS October 2008. Lehman Brothers was bankrupt, a US$700 billion bailout for the US economy was on its way, and the
      YEN MENG JIIN  -  2,645 words
Page thumbnail Page 12
  • COMPANY NEWS
    • Article, Illustration
      Lock icon SingTel’s mio in Fox-y revamp
      717 12  -  Pay-TV operator makes non-exclusive acquisition of 40 channels from Fox International using the cross-carriage law By Joyce Hooi joyceh@sph.com.sg Singapore SINGTEL’S mio TV is overhauling its channel packages as it uses the cross-carriage law to claw back ground in the content stakes. The pay-TV operator
      717 words
    • Article
      Lock icon ST Aerospace trims Scandinavian ops
      266 12  -  By Ven Sreenivasan ven@sph.com.sg Singapore FACED with the impact of the eurozone crisis on the aviation sector, ST Aerospace is scaling down its Scandinavian operations and laying off some 300 employees at its facilities in Denmark, Norway and Sweden. The ST Engineering unit said the
      266 words
    • Article, Illustration
      Lock icon Some relief from ECB but investors still wary
      947 13  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent ALACKLUS-TRE week ended yesterday with equity markets responding positively to Thursday’s “unlimited bond buying” announcement by European Central Bank (ECB) governor Mario Draghi. The move, though not wholly unexpected and thus far not universally accepted as
      947 words
    • Business briefing
      • Article
        Lock icon Meiban to be struck off SGX list from Monday
        77 13 MEIBAN Group will be delisted from SGX’s official list with effect from Sept 10. This comes after the acquisition of the entire issued and paid-up share capital of the group by Zhong Yong Holdings via a scheme of arrangement, which was
        77 words
      • Article
        Lock icon Malaysia’s KNM targets Singapore IPO for German unit in 2013
        137 13 Reuters Kuala Lumpur MALAYSIAN oil and gas services provider KNM Group Bhd will list its German industrial equipment unit on the Singapore stock exchange next year. The unit, Borsig Beteiligungsverwaltungsgesellschaft mbH, will have an indicative valuation of RM1.8 to RM1.9
        Reuters  -  137 words
      • Article
        Lock icon Metro’s retail arm promotes MD, appoints new CEO
        91 13 METRO Holdings Limited has promoted the sister of its group managing director and deemed controlling shareholder to the position of executive chairman of Metro (Private) Limited, its retail arm. Wong Sioe Hong, the sister of Jopie Ong Hie Koa, was promoted from
        91 words
      • Article
        Lock icon CNMC to spend US$9.4m on drilling programme in Malaysia
        100 13 CNMC Goldmine Holdings said that its 81 per cent owned subsidiary, CMNM Mining Group Sdn Bhd, will spend US$9.4 million on diamond core drilling services from Sinomine Resource (Malaysia) Sdn Bhd. The drilling programme is for a total estimated footage of
        100 words
      • Article
        Lock icon Ezra Holdings $200m, 5% fixed rate notes fully subscribed
        102 13 EZRA Holdings Limited said that its $200 million, 5 per cent per annum fixed rate notes due 2015 have been fully subscribed. The notes, which will mature on Sept 7, 2015, were issued under the US$500 million Multicurrency Debt Issuance Programme
        102 words
      • Article
        Lock icon China Essence largely unaffected by typhoon
        59 13 CHINA Essence Group said that its production facilities and employees were only moderately affected by the typhoon Bolaven. It said that production and potato harvesting were expected to continue as planned this season, and that it did not expect volatile changes in potato prices
        59 words
    • Article
      Lock icon GIC buys joint stake in palm oil firm
      174 14 It acquires stake in Indonesia’s Triputra Agro with Northstar Reuters Singapore SINGAPORE sovereign wealth fund GIC (Government of Singa- pore Investment Corporation) and Northstar Pacific Partners, the Indonesian private equity firm backed by TPG, have bought a minority stake in PT Triputra
      Reuters  -  174 words
    • Article
      Lock icon Asian bond risk at 5-month low
      407 14 This follows the unveiling of ECB bond-buying plan Bloomberg Hong Kong BOND risk in Asia fell to a five-month low after the European Central Bank (ECB) announced a bondbuying plan to support its most indebted nations. Borrowers from the region paused dollar-denom-inated debt sales.
      Bloomberg  -  407 words
    • Article, Illustration
      Lock icon UK firms growing in Asia, boost for RBS business
      611 15  -  Bank helping British companies increase presence overseas By Siow Li Sen lisen@sph.com.sg Singapore THE Royal Bank of Scotland (RBS) has seen 20-25 per cent growth in its Asian transaction banking services as it steps up investment in the business amid continued
      611 words
    • Article, Illustration
      Lock icon Golden Agri shares down on convertible bond plan
      315 15 Reuters Bloomberg Hong Kong GOLDEN Agri-Resources Ltd fell 4 per cent, or three cents, to close at 66.5 cents, after the palm oil producer said it plans to issue US$400 million convertible bonds due 2017 to fund spending. The five-year bonds will
      Reuters; Bloomberg; REUTERS  -  315 words
    • Article
      Lock icon T ravelite to raise $2.28m through new share issue
      311 15  -  By Carine Lee carinel@sph.com.sg Singapore TRAVELITE Holdings Ltd is placing 17.497 million new shares, representing 20 per cent of its existing share capital, at 13.5 cents apiece to raise a total of $2.28 million, after expenses. The Singapore-listed company said yesterday
      311 words
Page thumbnail Page 13
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      89 14 YOGA BY THE SEA Your favourite all-women outdoor yoga event is back! Join us for an invigorating yoga session by the sea. Details LIMITEDPLACESONLY! DATEOct 21, 2012 TIME6am VENUEDalbergia Green, East Coast Park REGISTRATION FEE$30* (UP $38) Early-bird promotion until 14 Sep 2012. Receive fabulous door gifts worth over $400!
      89 words
Page thumbnail Page 15
Page thumbnail Page 16
  • FROM THE DESK OF
    • Article, Illustration
      Lock icon It’s SaaS easy for SMEs
      975 16  -  Small businesses that lack large amounts of capital find that using Cloud Computing Services, or Software as a Service, can help them affordably and quickly get systems set up and running FROM THE DESK OF Shashank Dixit CEO Deskera SMALL and Medium Enterprises (SMEs) are
      975 words
Page thumbnail Page 17
  • SINGAPORE NEWS
    • Article
      Lock icon Sino-Singapore ties increasingly driven by private sector
      561 17  -  The 2 countries are moving beyond economic links By Chuang Peck Ming peckming@sph.com.sg Beijing PRIME Minister Lee Hsien Loong wrapped up a six-day visit to China that is likely give its ties with Singapore another push forward. And this should be good news
      561 words
    • Article, Illustration
      Lock icon Only 1 in 3 Apac CEOs upbeat: PwC
      480 17  -  By Lee U-Wen leeuwen@sph.com.sg Vladivostok, Russia IF the findings of a new survey by PricewaterhouseCoopers (PwC) are any indication, businesses in the Asia-Pacific (Apac) region are bracing themselves for a rough year ahead. One in three CEOs (36 per cent) in Asia-Pacific
      REUTERS  -  480 words
    • Article
      Lock icon Including Japan now would delay TPP process: SBF chief
      486 17  -  By Lee U-Wen leeuwen@sph.com.sg Russia Vladivostok, Russia NEGOTIATIONS for the Trans-Pacific Partnership (TPP) free trade agreement should be concluded as early as possible, even if it means leaving Japan out for the time being, a top Singapore business leader said yesterday.
      486 words
    • Article
      Lock icon Globalisation and demographics are key national challenges
      447 18  -  Chun Sing: Govt needs to manage impact on society and social service sector By Malminderjit Singh msingh@sph.com.sg THE impact of globalisation and Singapore’s demographics are the two most significant challenges for the country in the next five to 10 years. Acting Minister for
      447 words
    • Article
      Lock icon Prince sued for breaching deal
      280 18 Bloomberg Singapore BRUNEI’S Prince Abdul Hakeem Jefri, the Sultan’s nephew, is being sued by nine people including an economist claiming he breached an agreement by refusing to transfer shares in Singa-pore-listed Elektromotive Group Ltd. Kit Wei Zheng and the others are seeking the return of
      Bloomberg  -  280 words
    • Article
      Lock icon Profitable Plot case raises troubling issues
      478 18  -  By Grace Leong gleong@sph.com.sg DO the three directors of troubled landbanking firm Profitable Plots have the right to access certain documents seized in a 2010 raid by the Commercial Affairs Department (CAD) for their defence? Or is it a right that the Attorney-General’s Chambers
      478 words
    • Article
      Lock icon CapitaLand lauds partners with iCare Awards
      222 18 FOURTEEN contractors, tenants, service providers and staff were recognised for their contributions to environmental sustainability and occupational safety by CapitaLand Ltd yesterday. The inaugural Because iCare Awards for Environment, Health Safety are part of CapitaLand’s Because iCare campaign, which was launched in February to
      222 words
Page thumbnail Page 18
Page thumbnail Page 19
  • WORLD
    • Article
      Lock icon Glencore raises offer for Xstrata
      549 19 It also proposes new structure for the US$37b deal to ensure easier approval Reuters London COMMODITY trader Glencore has raised its offer for miner Xstrata to salvage a bid, now worth about US$37 billion, that appeared to be heading for the rocks after Xstrata shareholder
      Reuters  -  549 words
    • Article, Illustration
      Lock icon No formal talks with Chinese and Korean leaders, says Noda
      609 19  -  Hopes of headway on territorial issues appear very slim By Anthony Rowley btworld@sph.com.sg Tokyo FURTHER underlining the rupture between Japan and its neighbours China and South Korea over territorial claims, Prime Minister Yoshihiko Noda said last night he will not
      AP  -  609 words
    • Article
      Lock icon German production surprises with 1.3 % jump in July
      357 19 German production surprises with 1.3 jump in July Bloomberg Frankfurt GERMAN industrial production unexpectedly rose in July, adding to signs that Europe’s largest economy is weathering the region’s debt crisis. Production rose 1.3 per cent from June, when it fell a revised 0.4 per cent, the Economy Ministry said yesterday.
      Bloomberg  -  357 words
    • Article, Illustration
      Lock icon ECB sets stage for euro rescue; will Spain jump?
      623 20 PM Rajoy must swallow his pride and apply for help to cut crippling borrowing costs ANALYSIS Reuters Paris EUROPEAN Central Bank (ECB) president Mario Draghi has delivered a roadmap for rescuing the eurozone from potential meltdown but the onus is now
      Reuters; AFP  -  623 words
    • Article
      Lock icon Probe into ‘London Whale’ losses
      377 20 Senate committee looking into JPMorgan’s US$5.8b trading loss Bloomberg New York A US Senate committee has launched a probe into JPMorgan Chase’s “London Whale” trading losses. According to a source familiar with the investigation, the Permanent Subcommittee on Investigations, chaired by Senator Carl Levin, is
      Bloomberg  -  377 words
    • Article
      Lock icon Nod for 60 infrastructure projects in China worth 1 trillion yuan
      549 21 Ambitious plans indicate growing intent to bolster economic growth Reuters [SHANGHAI] China gave the green light for 60 infrastructure projects this week as it looks to energise an economy mired in its worst slowdown in three years, fuelling hopes
      Reuters  -  549 words
    • Article
      Lock icon China markets get worst rating since 2010
      786 22 Global investors losing confidence in the country, according to Bloomberg survey Bloomberg Washington GLOBAL investors are losing faith in China, giving the country’s markets their worst rating in more than two years in the latest Bloomberg poll. About a quarter of those surveyed
      Bloomberg  -  786 words
    • Article, Illustration
      Lock icon News Corp about to clinch A$2b Aussie pay-TV deal
      471 22 Packer exits media scene as Consolidated Media backs offer Reuters Melbourne CONSOLIDATED Media Holdings agreed to back a revised A$2 billion (S$2.6 billion) takeover offer from Rupert Murdoch’s News Corp, in a deal that would give News Corp a greater share
      Reuters  -  471 words
Page thumbnail Page 20
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      551 21 STJobs Seminar September Series STJOBS No.1 Who should attend: Executive management level, Middle management, Managers and Team leaders who want to develop their leadership skills No.1 Recruitment site in Singapore by Marketing Magazine (2011) FULL-DAY SEMINAR Be an Outstanding Sales Professional 13 Sep, Thu, SPH News Centre (9.30am to 6.00pm)
      551 words
Page thumbnail Page 22
Page thumbnail Page 23
  • Article
    Lock icon SGX
    8135 23 Transaction date: Sep 7 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 14 +0.5 66 14 12.8 13.5 14 66.8 0.4 3.4 67 6 3 A-Sonic 4.3 3.5 4.3 3 30.8
    8,135 words
Page thumbnail Page 24
Page thumbnail Page 25
Page thumbnail Page 26
  • Article
    Lock icon SGX CATALIST
    1835 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 $mil 20.5 12.1 t 800 Super 18 -0.2 90 18 18 18.1 19.6 3.3 5.6 5.4 32.2 4 2.5 t AA Grp 3.1 3 3.9 3
    1,835 words
  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 2 2 0 0 0 13 2 2 Manufacturing 73 32 37 8 6 13 81 38 50 Commerce 27 20 19 7 2 2 34 22 21 Tpt/Stor/Comms 21 7 11
    186 words
  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    791 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 3 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Jiutian Chemical 6-Sep-12 Anyang Longyu (HK) Dev *Buy 500 na *****5 28.52 *****5 28.55 Pacific Healthcare 6-Sep-12
    791 words
  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,920 19,920 87,678 87,678 Manufacturing 309,158 24,701 333,859 281,641 545 282,186 Commerce 208,650 4,793 213,443 204,489 1,366 205,855 Tpt/Stor/Comms 144,756 12,811 157,567 200,532 3,865 204,396 Finance 22,540 992 23,532 159,641 432 160,073 Construction 43,650 1,028
    123 words
Page thumbnail Page 27
  • Article
    Lock icon LIFFE
    80 27 Sep 6 COCOA (£/tonne) Close Prev High/Low Sep 12 1718 1702 1730/1696 Dec 12 1735 1720 1748/1721 Mar 13 1725 1710 1737/1712 May 13 1729 1713 1740/1716 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2012 2019 2012/1980 Nov 12 2012 2038 2034/1979 Jan 13 2027 2054 2049/1996 Mar 13 2040
    80 words
  • Article
    Lock icon METALS
    69 27 Sep 7 GOLD(US$/oz) Sep 07 Sep 06 Hong Kong 1703.20 1716.30 Hong Kong Sep 06 Sep 05 London 1704.76 1693.51 1705.53 1694.28 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 40.33 39.68 Source: UOB PLATINUM/ Lon (US$/oz) Sep 06 Close Previous PM Fix 1578.00 1564.00 AM Fix 1580.00
    69 words
  • Article
    Lock icon PALM OIL
    60 27 Sep 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2808.0 2840.0 2820.0 2776.0 658 2547 Oct 12 2886.0 2896.0 2893.0 2833.0 3295 ***** Nov 12 2938.0 2948.0 2947.0 2895.0 ***** ***** Dec 12 2981.0 2989.0
    60 words
  • Article
    Lock icon GOVERNMENT SECURITIES
    86 27 Sep 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 06-Dec-12 0.25 6-Month BS*****T 07-Mar-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-17 108.85
    86 words
  • Article
    Lock icon INTERBANK CURRENCY RATES
    154 27 Sep 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2817 1.2824 1.0334 1.0339 Canadian dollar 1.2635 1.2642 1.0192 1.0187 Euro 1.5712 1.5720 1.2668 1.2673 NZ dollar 0.9968 0.9981 0.8037 0.8047 Sterling pound 1.9808 1.9814 1.5970 1.5974
    154 words
  • Article, Illustration
    Lock icon SMX MARKET UPDATE
    120 27 As on 6 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 568.45 563.00 565.65 1145 GOLD FUT DEC2012 1715.70 1699.40 1705.80 198 CURRENCY EUR-USD FUT SEP2012 1.2652 1.2573 1.2639 3117 BASE METAL COPPER FUT DEC2012 7794 7707
    120 words
  • Article
    Lock icon CHICAGO BOT
    103 27 Sep 6 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 12 1744.50 1748.00 1751.75 1726.00 Nov 12 1747.00 1747.50 1753.75 1725.50 Jan 13 1745.75 1746.25 1751.25 1724.25 Mar 13 1691.25 1694.50 1693.25 1669.00 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Sep 12 56.78 57.36 57.25 56.53
    103 words
  • Article
    Lock icon OIL
    68 27 Sep 6 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 114.49 1.13 WTI (Near Mth) 95.04 -0.44 Dubai (1-Mth F) 111.01 0.53 Tapis blend 116.78 0.27 Minas 112.93 0.27 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.78 0.22 Jet Kerosene 133.95 -0.18 US$/barrel OpecOil Basket Price 111.20
    68 words
  • Article
    Lock icon FOREIGN CURRENCY NOTE RATES
    118 27 Sep 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.308 1.246 Can dollar 1.293 1.232 Euro 1.606 1.530 Sterling pound 2.017 1.940 NZ dollar 1.024 0.976 US dollar 1.261 1.213 Local dollars to 100 units of foreign currency: Currencies Sell
    118 words
  • Article
    Lock icon LONDON METALS
    69 27 Sep 6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1966.50 1962.00 3 months 1975.00 1972.00 Copper, Grade A (US$/tonne) Cash 7693.25 7731.00 3 months 7701.00 7735.50 Lead (US$/tonne) Cash 2040.00 2021.25 3 months 2049.00 2029.00 Nickel (US$/tonne) Cash *****.75 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
    69 words
  • Article
    Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
    373 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 6 Index Change Change Change Change Change Change World Preliminary 910.3 1.8 9.7 1.4 5.1 1.8 9.6 EAFE Preliminary 721.6 1.7 5.8 1.3 0.7 1.7 5.1 Europe Preliminary 1107.5 2.4 7.9
    373 words
  • Article, Illustration
    Lock icon STOCKS
    108 27 Straits Times Index YTD change: +13.81% 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: +7.42% 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: -3.26% 52-week
    Source: Bloomberg  -  108 words
Page thumbnail Page 28 / 29
  • PERSPECTIVE
    • Article, Illustration
      Lock icon The LKY School: 8 years after
      1518 28 / 29  -  The School’s start-up phase is over and it has been a success, but its most interesting and challenging years still lie ahead Vikram Khanna vikram@sph.com.sg Associate Editor THE Lee Kuan Yew School of Public Policy turned 8 this year (on Aug 4, to be
      FILE PHOTO  -  1,518 words
    • Article
      Lock icon The rise of the Third Place for the office worker
      788 28 / 29  -  Europe is setting the pace in flexible workspaces By Filippo Sarti ~The writer is CEO, Regus Asia THE office worker of 2012 is straddling two different time zones. On the one hand, 21st century technology lets them work anywhere. On
      788 words
Page thumbnail Page 30 / 31
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Russian supermart chain turns heads
        1501 30 / 31 Billionaire Sergey Galitskiy says that growth potential is huge, with his 6,000-store Magnit chain having only a 4% share of the Russian market currently Bloomberg Moscow ONE by one, from the south-eastern corner of the continent, Sergey Galitskiy is beating the biggest supermarket chains in
        Bloomberg; REUTERS  -  1,501 words
      • Article
        Lock icon BROKERS’ TAKE
        815 30 / 31  -  Compiled by Joyce Hooi Singapore Office Sector Maybank Kim Eng Research Sept 7 OFFICE plays have done well this year, despite persistent global economic concerns and the fact that spot Grade A rents have been declining since the start of the year. This may be partly due to
        815 words
      • Article, Illustration
        Lock icon Age of returns led by credit expansion is over: Pimco chief
        662 32 He tells investors to balance assets according to age and to minimise fees Bloomberg New York BILL Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co, said private credit market debt is too high and
        Bloomberg; BLOOMBERG  -  662 words
      • Article, Illustration
        Lock icon UK luxury home sales double despite related tax hike
        745 32 Bloomberg London THE British government’s plan to raise a tax on luxury-home purchases sparked a last-minute dash by real-estate brokers to wrap up deals before the deadline hit in March. They needn’t have bothered. Sales of homes valued at £2 million
        Bloomberg; BLOOMBERG  -  745 words
      • Article, Illustration
        Lock icon Property bubble? Read the numbers
        1363 33  -  SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder FEW conversations in Singapore can carry on long before the topic of real estate creeps in. It happened again when I spoke to a couple of investor friends recently.
        Source: Compiled by BT with data from URA, Department of Statistics,Thomson Datastream  -  1,363 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        897 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 8 AND AUG 14, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 14/08/2012 99 689 1346 1954 V On Shenton Apt 10/08/2012 99
        897 words
      • Article, Illustration
        Lock icon Property fund buys former convent
        558 35 Lucrum pays $34.4m for what will be a ‘rental income play’ Singapore HOME-GROWN property fund management outfit Lucrum Capital has bought the former CHIJ St Joseph’s Convent premises at Hillside Drive off Upper Serangoon Road for $34.4 million. Lucrum’s purchase price works out to $422
        Source: onemap.sg  -  558 words
      • Article, Illustration
        Lock icon Freehold Mt Elizabeth condo sold for $92.2m
        379 35 Singapore THE freehold Chateau Eliza on Mount Elizabeth is being sold through a collective sale for $92.2 million to Newfort Realty Pte Ltd, a consortium of private investors. The price works out to $1,743 per square foot per plot ratio (psf ppr), assuming
        379 words
Page thumbnail Page 32
Page thumbnail Page 33
Page thumbnail Page 34
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Lock icon Page 35 Advertisements Column 1
      60 35 WATS RECRUIT S>** Sun Pharmaceutical has a vacancy for the position of Medical Representative Engineering Computer Services has a position open for an Application Engineer Ya Kun Kaya Toast is recruiting a Franchise Support Manager Galderma is hiring a Product Manager Boskalis International is looking for a Technical Purchasing Officer
      60 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Lock icon Page 36 Advertisements Column 1
      132 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE WATCH THAT BROKE ALL THE RULES, REBORN FOR 2012. IN 1972, THE ORIGINAL ROYAL OAK SHOCKED THE WATCHMAKING WORLD AS THE FIRST HAUTE HOROLOGY SPORTS WATCH TO TREAT STEEL AS A PRECIOUS METAL. TODAY THE NEW ROYAL OAK COLLECTION STAYS
      132 words
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      62 1 GUEST CHEF Innovative fusion L7 LivingBTTHE BUSINESS TIMES WEEKEND SEPTEMBER 8-9 2012 SHOPHOUSE ART Cutting-edge architecture of the Lorong 24A Shophouse Series in Geylang L2-6 DINING Humble bakes L8-9 GEYLANG LORONG 24A UNIT 13 PHOTO BY YEN MENG JIIN HEALTH BMI and your love life L15 TRAVEL Business-backed charity drives
      62 words
Page thumbnail Page 2 / 3
  • DESIGN
    • Article, Illustration
      Lock icon Shophouse art
      3779 2 / 3  -  BT Weekend visits some units of the Lorong 24A Shophouse Series in Geylang, which have been given conservation status by the Urban Redevelopment Authority since 1991. By Tay Suan Chiang By Tay Suan Chiang sctay@sph.com.sg MENTION Geylang and the image of streetwalkers and wok hei-fragranced fried beef kway
      ALL PHOTOS BY YEN MENG JIIN  -  3,779 words
Page thumbnail Page 4 / 5
Page thumbnail Page 6
Page thumbnail Page 7
  • DINING
    • Article, Illustration
      Lock icon Innovative fusion
      1312 7  -  Michelin-starred chef Laurent Peugeot loves to combine Japanese flavours and ingredients with French fare. By Debbie Yong guest chef By Debbie Yong debyong@sph.com.sg WHERE’S the fun in meeting a Miche-lin-starred chef if you don’t get to pick his brains for cooking tips at the same time? This already
      1,312 words
    • Article, Illustration
      Lock icon HUMBLE BAKES
      1873 8 / 9  -  Fancy a cup of kopi or teh to go with your French pastry? A former V-P and two aspiring young bakers have picked the modest hawker centre and a decades-old coffeeshop for their first bakery ventures. Debbie Yong sniffs them out Debbie Yong also explores two other new
      YEN MENG JIIN; DEBBIE YONG  -  1,873 words
Page thumbnail Page 8 / 9
Page thumbnail Page 10 / 11
  • DESTINATION DINING
    • Article, Illustration
      Lock icon New culinary voices
      2688 10 / 11  -  San Francisco’s dining scene has come a long way since Chez Panisse’s Alice Waters introduced Americans to the concept of farm-to-table cooking. Eating a pristine tomato fresh off the vine is all well and good, but not challenging enough for the growing breed of independent-minded chefs taking
      PHOTOS: SAMUEL EE  -  2,688 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      970 12 wine&dine with BTWeekend Mandarin Court Relish authentic Cantonese cuisine specially created by Executive Chinese Chef Kong Hing Sun of Mandarin Court Chinese Restaurant. Famed for its authentic Cantonese cuisine, intimate ambience and impeccable service, the restaurant has garnered many awards over the years. With freshness and natural flavours being the
      970 words
Page thumbnail Page 13
  • TRAVEL
    • Article, Illustration
      Lock icon Business-backed charity drives
      924 13  -  LETTER FROM CAMBODIA Adam Pervez Chief Happiness Officer Happinessplunge.com ~The writer is a former corporate executive with Schlumberger and Siemens who has embarked on a new career of doing voluntary work around the world “EVERY dollar we earn makes a difference in the life of a Cambodian.”
      924 words
Page thumbnail Page 14
  • GADGETS
    • Article, Illustration
      Lock icon Battle of the premium compact shooters
      542 14  -  By By Christopher Lim Panasonic Lumix LX7 $799 Samsung EX2F $699 WITH the death of the megapixel war came the rise of the battle of apertures, which is no bad thing. If camera companies have to compete on specifications, there are far worse ones
      542 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      33 14 HOME N eYe D S I Add some sparkle to your home with new lighting. eli To find out more, turn to CLASS 106 in CATS Classified in The Straits Times now. WATS
      33 words
Page thumbnail Page 15
  • HEALTH
    • Article, Illustration
      Lock icon When BMI blocks your love life
      721 15  -  Local study shows weight loss can help obese men who suffer from erectile dysfunction and urinary tract problems. By Cheah Ui-Hoon uihoon@sph.com.sg CHECK your weight, guys, if you’re looking to improve your sex lives! One would think it’s a no-brainer, but not many guys
      STOCK.XCHNG  -  721 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      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
      261 words
Page thumbnail Page 16
  • SPORTS
    • Article, Illustration
      Lock icon Man United back from the dead
      614 16  -  Ferguson, and most of United’s 659 million fans around the world, know that Van Persie is a game-changer no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WITH just seconds left on the clock, he watched the corner kick sail high towards him. His back almost
      AFP  -  614 words
    • Article
      Lock icon Roddick leaves behind a career of superlatives
      573 16 AP New York IT looked quite misleadingly like business as usual at the US Open on Wednesday: Andy Roddick, with a microphone in his hand and sweat dripping off the bill of his cap onto the blue court inside New York’s Arthur Ashe
      AP  -  573 words
Page thumbnail Page 17
  • BT CORPORATE GOLF LEAGUE 2012
    • Article, Illustration
      Lock icon Accuracy, club choice are key
      376 17  -  Those teeing off at the Orchid Country Club will play on both the Vanda, Aranda courses. By Justine Moss NEXT week sees the fourth leg of this year’s Business Times Corporate Golf League 2012 tee off at Orchid Country Club (OCC) with no change in
      376 words
    • Article, Illustration
      Lock icon Networking in an informal setting
      374 17 THERE are numerous reasons why Citibank Singapore’s Team Citi is returning for the third time to the Business Times Corporate Golf League. One is the visibility and profile it provides to any company. “Involvement in local community events is something that Citi prides itself on
      374 words
    • Article, Illustration
      Lock icon Just out to do their best
      391 17 btnews@sph.com.sg THE team from Harry Elias Partnership LLP has a simple strategy: Just do your best. The team currently lies fifth after two impressive rounds of 103 and 111 at Sentosa Golf Club and Tanah Merah Country Club, and it’s a position they hope
      391 words
Page thumbnail Page 18
  • MOTORING
    • Article, Illustration
      Lock icon New game of Golf in Q1
      331 18  -  Although the brand new hatchback is bigger, it is also up to 100kg lighter. By Samuel Ee samuelee@sph.com.sg THE seventh generation of the popular Volkswagen Golf which was unveiled in Berlin this week will arrive in Singapore in the first quarter of 2013. he
      331 words
    • Article, Illustration
      Lock icon Magical Monza
      387 18  -  f1 watch By Samuel Ee MCLAREN is hoping to make it three in a row at Monza this weekend but that could be easier said than done, given that this is another team’s home grand prix Ferrari. Then again, the prancing horse hasn’t always been successful at the
      AP; AFP  -  387 words
    • Article, Illustration
      Lock icon B GRADE
      481 19  -  The B200 remains an interesting premium package for the family. By Samuel Ee samuelee@sph.com.sg THE second-generation Mercedes-Benz B-Class gets a brand new chassis and sheet metal but drives surprisingly like an older Merc. Like the sporty new A-Class, the compact B-Class is based on the same all-new front-wheel-drive
      481 words
    • Article, Illustration
      Lock icon The accomplished 3
      449 20  -  This once compact saloon has grown steadily in size for improved interior room. By Samuel Ee samuelee@sph.com.sg FEW sedans have stayed as relevant through successive generations as the BMW 3 Series. This once compact saloon has grown steadily in size for improved interior room while shrinking the
      449 words
Page thumbnail Page 19
Page thumbnail Page 20