The Business Times, 20 October 2012
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2012-10-20
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The Business Times
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Title Section22 2012-10-20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| OCTOBER 20-21, 2012 S$1.00| S$1.00| MICA (P) 075/08/2012 sfh A SINGAPORE PRESS HOLDINGS PUBLICATION22 words
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Article, Illustration814 2012-10-20 1 Emilyn Yap - It’s in talks that may lead to an offer for F&N shares, turning on the heat for the Thais By Emilyn Yap emilyny@sph.com.sg Singapore OVERSEAS Union Enterprise (OUE) is in talks with unidentified parties to consider a counter-offer for Fraser andPHOTO: BLOOMBERG - 814 words
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768 2012-10-20 1 Victoria Ho - By Victoria Ho vhoip@sph.com.sg Boston WHOOPS. A fat finger wiped out billions of dollars of value from Google’s stock and the world’s largest search engine is still trying to wipe away the egg from its face. But beyond the768 words
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Page 1 Advertisements
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Advertisement130 2012-10-20 1 the business www. usinesstimes.com. THE RAFFLES CONVERSATION CUSHMAN WAKEFIELD CHAIRMAN 10-11 CEOS’ HAWKER CHOICES Claypot rice that’s nice L10-12 LIVING The future of Spanish haute cuisine? L2-6 iEMPFi Try r 'eQi W- W v c T T -Vv\ SSrs^E- °V& *n?T w /?> ■3tl> V Bell (S) Ross TIME INSTRUMENTS130 words
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Advertisement6 2012-10-20 1 WEALTH Uncertainty for US markets 30-316 words
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Page 2 Advertisements
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Advertisement62 2012-10-20 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 Destination Dining L2-6 Style L7-8 Dining L9 CEOs’62 words
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TOP STORIES
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MARKETS
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Article48 2012-10-20 2 us$ s$ US$ (S$ per US$) 1.220 (US$/S$ per 1.606 1.959 EURO(US$/S$/€) 1.307 1.594 Foreign currency per US$ S$ YEN 79.40 65.10 RM 3.048 2.499 HK$ 7.751 6.355 BAHT 30.69 25.16 RUPIAH 9,593 7,865 RENMINBI 6.252 5.126 INDIAN RUPEE 53.74 44.06 A$ 0.964 0.791 NZ$ 1.220 1.00048 words
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Article, Illustration29 2012-10-20 2 Source: Bloomberg SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.297 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50Source: Bloomberg - 29 words
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Article58 2012-10-20 2 HSTI 3,048.92 (-11.44) HSTI FUTURES 3,048.00 (-12.00) HSIMSCI 349.23 (-1.74) HSIMSCI FUTURES 348.90 (-1.80) Friday Change KL COMP 1,666.35 +0.93 NIKKEI 225 9,002.68 +19.82 HANG SENG 21,551.76 +33.05 SET 1,307.71 -3.50 JAKARTA 4,331.25 -25.71 MANILA 5,432.36 -3.58 KOSPI 1,943.84 -15.28 SHENZHEN B 600.36 +0.60 MUMBAI IND 18,682.31 -109.62 12.0058 words
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Article, Illustration1006 2012-10-20 2 EU leaders agree to adopt legal framework for ECB supervision by year-end Re uters Brussels EUROPEAN Union leaders have taken a big stride towards establishing a single banking supervisor for the eurozone, agreeing that it would enter into force next year, opening the wayReuters; PHOTO: REUTERS - 1,006 words
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Article, Illustration463 2012-10-20 4 Pauline Ng - The counter closes unchanged from its IPO price, crushing investor hopes of big gains By Pauline Ng btworld@sph.com.sg Kuala Lumpur PAY TV-operator Astro Malaysia Holdings made a tepid debut on the stock market yesterday, opening a mere one perPHOTO: AFP - 463 words
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Article, Illustration858 2012-10-20 5 Siow Li Sen - Highly sought ABN Amro offering highlights possibilities of SGD market, say bankers By Siow Li Sen lisen@sph.com.sg Singapore THIS week’s red-hot reception given to Dutch bank ABN Amro’s $1 billion bond issue has put Singapore in the spotlight for international lenders needing toPHOTO: BLOOMBERG - 858 words
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Article, Illustration464 2012-10-20 7 Zeinab Yusuf Saiwalla - They’re planning to diversify investments away from China towards Asean due to rising costs: envoy By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg Singapore SENTIMENT in the United States reveals that key executives in the American Chamber of Commerce (AmCham) are planning to diversify investments away464 words
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482 2012-10-20 7 Malminderjit Singh - By Malminderjit Singh msingh@sph.com.sg Singapore SINGAPORE is unlikely to establish a dedicated economic or manufacturing zone in India. In fact, it would be more strategic for Singapore’s businesses to diversify their interests in India, particularly in states where economic reform is greater. Despite482 words
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Article, Illustration664 2012-10-20 8 Bid for insurance operations marks his return to an industry he exited in 2007 Reuters Hong Kong BUSINESSMAN Richard Li, the younger son of Asia’s richest man, is buying ING’s Hong Kong, Macau and Thailand insurance units for US$2.14 billion in cash, bringingReuters; PHOTO: BLOOMBERG - 664 words
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437 2012-10-20 8 Bloomberg Washington PRUDENTIAL Financial, the sec-ond-largest US life insurer, is in the last stage of a regulatory review that may impose extra oversight because its central role could endanger the economy if the firm ever collapsed. The Financial Stability Oversight Council voted to advanceBloomberg - 437 words
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Page 3 Advertisements
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Advertisement56 2012-10-20 3 BURBERRY.COM >A>X S*N 'V. il r ■m. i ■••AV. V‘V*^A\V--mx 4Se>< sws ite fc 9i •feV I IV-K-v-.’.; ■>.*. 1. i > tv, ■Stsr P\v.\ V' life'# .tf-.V-;: P 9- i'UiUV^'.w; mwm »3 ONDON san in MiwPr ■X m ‘XSbsS ;-!|Sa ORCHfeXRD 65-65 l li A(i(),N 65-6887 IV ***** 60356 words
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Page 5 Advertisements
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Advertisement96 2012-10-20 5 Sale Now On! f coUigcms O Tili ilf 8 n |Baron Table/ Parisienne,Chair Planet Table/ ®mmaiTable/ I LeaulShair BessKshair STOREWIDE DISCOUNTS t I I Myaltfhain Widest Selection Of Italian Dining Sets Kevilable/i Convoy Table/ Vvienushaiii Jam Chair THE EXECUTIVE HOME STORE www.xzqt.com.sg XZQT ®mniaiTable/i Orbital by tJohemeUfhairJ Its Simply Executive!96 words
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DINING
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Article, Illustration880 2012-10-20 6 Andrea Soh - The way forward is to re-invent industrial food model: Enivrance chief By Andrea Soh sandrea@sph.com.sg Singapore THE world’s food and beverage industry is at a turning point. From a long extended supplychain model, it is evolving into smaller localised units, and also880 words
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Page 7 Advertisements
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Advertisement30 2012-10-20 7 hui*] JACKPOT Estimated Draw on Mon, 22 Oct 2012 For details, visit www.singaporepools.com.sg Ip Yri) Always Play with care. [responsibly] Do not bet illegally. RGB Reg No: *****0202G SINGAPORE POOLS30 words
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Page 8 Advertisements
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Advertisement103 2012-10-20 8 GRAB YOUR NOVEMBER ISSUE NOW! 15-MIN WORKOUT FOR RUNNERS! 100*TO SINGAPORE'S NO. 1 MEN'S MAGAZINE BICEPS EXPRESS 6 MOVES, 4 WEEKS, ARMS OF STEEL! SINGAPORE ENSHEALTH.COM.se FICHTFAT WITH BEER, BURGERS, AND BEETHOVEN m Mm#) SEX SECRETS OF ci acu rnuuvicc dLAdH, lUmmr Let YOUR YEAR-END HOLIDAY STYLE GUIDE i AND103 words
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WEEK IN REVIEW
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THIS WEEK Oct 15-19, 2012
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63 2012-10-20 9 THE latest clampdown on property investments has revived the call for inflation-linked bonds so that retirees will have an alternative to prop up their savings. ILBs are increasingly being seen as a way out but there are a few challenges not least of63 words
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55 2012-10-20 9 THE US dollar might rise. The markets may celebrate. But whether the euphoria will last is another question altogether. Following President Barack Obama’s insipid showing in his first election debate, many are trying to work out the implications of55 words
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72 2012-10-20 9 BIG businesses with an eye on Big Data have applauded the impending Personal Data Protection Act, but their smaller counterparts will have more uncharted territory to navigate when data legislation kicks in. The amended Personal Data Protection Bill went through its72 words
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66 2012-10-20 9 DEVELOPERS’ private home sales surged to a three-year high in September, taking the tally for the first nine months past the full-year 2010 record and underscoring the need for the latest cooling measures. The 2,621 private homes, excluding executive condos, sold were 83.7 per66 words
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Article, Illustration72 2012-10-20 9 CITIGROUP’S board said on Tuesday that Vikram Pandit had stepped down as chief executive, effective immediately, and would be succeeded by its head of the European and Middle Eastern division, Michael Corbat. His resignation comes after long-simmering tensions with the bank’s board. MRAP FILE PHOTO - 72 words
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60 2012-10-20 9 THE Urban Redevelopment Authority could be looking to discourage an over-concentration of small strata shops in new developments, BT understands. It is also trying to steer them towards a certain size mix. No official guidelines have been spelt out but market-watch-ers60 words
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57 2012-10-20 9 GROWTH in the third quarter could be even worse than feared as September’s trade data has turned out to be weaker than expected. The key non-oil domestic exports for September fell 3.4 per cent from a year ago, when the market had57 words
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72 2012-10-20 9 THREE weeks from the election, President Barack Obama appeared to have risen from the dead, delivering a feisty and energetic performance that rocked Republican challenger Mitt Romney on his heels and got his own campaign back on track. In the run-up to72 words
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72 2012-10-20 9 DUTCH-owned ABN Amro Bank, in a first, sold $1 billion of bonds on Wednesday amid red-hot demand, passing with flying colours in its maiden public offering to Asian investors. Strong demand from private bank clients took orders to $17 billion. Bankers expect72 words
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50 2012-10-20 9 THE retail industry is battling rising costs, a slowing economy and stiffening competition for a share of the consumer dollar. The strong Singapore dollar, too, could drive away tourists and lead to lower tourism receipts, while giving locals an incentive to shop overseas.50 words
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74 2012-10-20 9 CHINA’S gross domestic product growth eased in the third quarter to its slowest pace since the first quarter of 2009, despite encouraging signs that the economy was stabilising and not at risk of a hard landing. GDP grew 7.4 per74 words
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Article90 2012-10-20 9 US DATA Oct 24 Sept new home sales FOMC rate decision Sept durable goods orders Oct jobless claims Oct 25 Q3 GDP figure SINGAPORE DATA Oct 23 Sept Consumer Price Index Oct 25 Sept index of ind’l production Q3 real estate information CHINA DATA Oct90 words
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Page 9 Miscellaneous
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Miscellaneous323 2012-10-20 9 Across 1 Old American who takes pledge? (6) 4 Original child likely to be favourite (4-2) 8 Turn crimson about unknown Old Boy network (8) 10 Hot, unwholesome stifling temperature (6) 11 Basic loyalties covering up disgust (4) 12 To resign in questionable circumstances ignoring leader is common (10) 13323 words
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Miscellaneous13 2012-10-20 9 SATURDAY with Ludwig ‘That’s a great location for a newsstand or shoebox apartment13 words
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THE RAFFLES CONVERSATION
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Article, Illustration2468 2012-10-20 10 / 11 Felda Chay - Carlo Barel di Sant’Albano, chairman of the board of Cushman Wakefield, seizes every opportunity he can an attitude that stands him in good stead in a global business with global clients. By Felda Chay By Felda Chay feldac@sph.com.sg THE biggest fear of Carlo Barel di Sant’Albano, chairman ofYEN MENG JIIN - 2,468 words
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COMPANY NEWS
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Article, Illustration687 2012-10-20 12 Kalpana Rashiwala - Q3 distributable income reflects a payout ratio of 93.2%, based on the $86.8m available for distribution By Kalpana Rashiwala kalpana@sph.com.sg Singapore CAPITAMALL Trust (CMT), Singapore’s oldest real estate investment trust, has posted distribution per unit (DPU) of 2.42 cents for the third quarter687 words
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488 2012-10-20 12 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg Singapore IT was a rough first day at the office for Religare Health Trust (RHT), which saw its shares close at 81 cents in its debut on the Singapore Exchange (SGX) yesterday, 10 per cent lower than its488 words
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Article, Illustration904 2012-10-20 13 Ven Sreenivasan - STOCKS Ven Sreenivasan ven@sph.com.sg Senior Correspondent FRASER and Neave (F&N) was in the limelight yesterday on a day when the benchmark index slid as activity continued to stay with penny stocks and situational counters. The Straits Times Index (STI) drifted904 words
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Article, Illustration477 2012-10-20 13 Bloomberg Singapore FRANKLIN Templeton Investments is setting up its first fund targeting mostly mainland Chinese stocks after the government expanded a programme to attract more foreign investment in the nation’s slumping equities. The Templeton China Opportunities Fund, which will be offered in SingaporeBloomberg; PHOTO: BLOOMBERG - 477 words
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Article318 2012-10-20 14 Jasmine Ng - Group hopes to use its SGX listing as a springboard to propel the firm to greater heights By Jasmine Ng jasng@sph.com.sg Singapore SHARES of coal-mining group Geo Energy Resources began trading on the Singapore Exchange (SGX) on a strong note yesterday, closing the day318 words
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Article, Illustration328 2012-10-20 14 Carine Lee - By Carine Lee carinel@sph.com.sg Singapore TIGER Airways Holdings yesterday said the Civil Aviation Safety Authority of Australia (CASA) has removed restrictions on its Australian unit. Tiger Airways Australia, which had been operating on an Air Operators Certificate with certain conditions imposed, was issued a fresh328 words
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Business briefing
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83 2012-10-20 14 TEMASEK Holdings is reportedly in talks to invest around Rs 600 crore (S$138 million) for a 20 per cent stake in Mumbai-based agribusiness company, Godrej Agrovet Limited, India’s The Economic Times reported. “A part of the proposed funding will be used by83 words
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92 2012-10-20 14 SATS Ltd handled 30,210 flights in the July-September 2012 fiscal second quarter, up 5.5 per cent from 28,630 in the corresponding quarter a year ago. Its unit services also grew 6.1 per cent year on year to 25,630, underpinned by an increase92 words
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54 2012-10-20 14 SINGTEL’S associate company Advanced Info Service has won the 2.1GHz licence auction in Thailand through 99.99 per cent owned Ad- vanced Wireless Network (AWN). It outbidded rivals with a price of 14.63 billion baht for three spectrum bandwidth covering 1,950MHz to1,965MHz pairing to54 words
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79 2012-10-20 14 BERGER International posted a profit of $1.05 million in the second quarter ended Sept 30, more than trebling its profit of $321,000 previously. Earnings for the half year almost doubled at $1.64 million from a year ago, on higher sales and better gross margins79 words
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Article, Illustration399 2012-10-20 15 Teh Shi Ning - Companies on watch list must update shareholders quarterly on efforts to improve financials and exit the list By Teh Shi Ning tshining@sph.com.sg Singapore IT is the responsibility of listed companies on a prolonged trading suspension to take constructive steps to resume trading andPHOTO: BLOOMBERG - 399 words
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286 2012-10-20 15 Teo Si Jia - By Teo Si Jia teosj@sph.com.sg Singapore TOP Global Ltd, through wholly owned Top Global Properties, is selling a property to EX Nexus Services for $13.8 million. In an announcement yesterday, Top Global said that the purchaser has exercised an option to purchase the property286 words
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Article259 2012-10-20 15 Bloomberg Melbourne WILMAR International Ltd bought a stake in GrainCorp Ltd, eastern Australia’s largest grain handler, at a premium of 33 per cent to its previous close, according to a person with knowledge of the matter. An announcement from Syd-ney-based GrainCorp was expected as earlyBloomberg - 259 words
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Page 14 Advertisements
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Advertisement28 2012-10-20 14 w ftt 3 ill A filK r TUNE IN TO HOT FM91.3 OR LOG ON TO WWW.HOTFM.SG FOR MORE DETAILS! d$ an lagoon d°iL™ eYFUL D FACEBOOK.COM/HOTFMSG WWW.H0TFM.SG28 words
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Page 15 Advertisements
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Advertisement578 2012-10-20 15 LOGISTICS VEHICLES FOR SALE Pick-ups (8), fork lifts (3), 45-footer trailers (16) are available for sale on an “as-is-where-is” basis, without warranties, certifications or undertaking. Viewing strictly by appointment only. Offers to be emailed to the following address don@donhoassociates.com on or before 5p.m. 23 October 2012. IN THE MATTER OF578 words
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FROM THE DESK OF
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Article, Illustration873 2012-10-20 16 Yaj Malik - High speed Internet access and increased personal mobility are catalysts for redefining the traditional workplace FROM THE DESK OF Yaj Malik Area vice-president, ASEAN Citrix There has been an explosion in the number of people being able to access high-speed Internet and experiencing increased personal mobility.873 words
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SINGAPORE NEWS
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518 2012-10-20 17 Zeinab Yusuf Saiwalla - Cleaning firms hoping to tender for govt contracts will have to adopt PWM by April By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg THE National Environment Agency (NEA) is taking the lead in promoting the Progressive Wage Model (PWM) among the cleaning companies seeking accreditation518 words
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309 2012-10-20 17 Teo Si Jia - Trading floor, incubation centre and lectures by business leaders planned By Teo Si Jia teosj@sph.com.sg COGNITA will be outfitting its Stamford American International School with an innovation centre in the new campus at Upper Serangoon Road. The education group and school operator said309 words
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226 2012-10-20 17 SINGAPORE Changi Airport handled four million passenger movements in September, an increase of 4.8 per cent over the same month last year. On a rolling 12-month basis, 49.9 million travellers passed through Changi Airport, representing an increase of 9.7 per cent.226 words
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Article, Illustration189 2012-10-20 18 OCBC Bank has made a $10,000 donation to the KK Women’s and Children’s Hospital’s Health Endowment Fund (KKHHEF) this year, the fifth year that the bank has contributed to the entity. At the same time, the bank brought 20 of its staff volunteers and189 words
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Briefing
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98 2012-10-20 18 SINGAPORE’S offshore and marine companies will soon be able to tap into $2.3 million of funding from the Singapore Workforce Development Agency (WDA). Part of the funding will sponsor professionals and engineers on a new “Omni@Marine” programme to train them to review their98 words
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126 2012-10-20 18 MORE private education institutions (PEIs) are complying with regulatory requirements, going by statistics published in the Council for Private Education’s latest annual report. By December last year, almost half of all registered PEIs had attained longer (four or six-year) registration periods, up from about a126 words
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Article85 2012-10-20 18 THE first Deepavali Mela 2012 fair showcasing the latest Indian fashions, home furnishings and electronics was declared open by Tamil Murasu chairman S Chandra Das at the Singapore Expo Hall 4B yesterday. The fair, organised by Tamil Murasu and tabla! in association with events company85 words
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Article, Illustration340 2012-10-20 18 Nisha Ramchandani - $4 m set aside for pay hikes to health support staff in VWOs It will benefit 3,500 support care staff in intermediate and long-term care institutions By Nisha Ramchandani nishar@sph.com.sg FOLLOWING a pay review, the government is setting aside $4 million to help fund salary increases of between 10 per340 words
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351 2012-10-20 18 Ong Chor Hao - By Ong Chor Hao ongch@sph.com.sg A COMPUTER parts trader has been fined close to $300,000 and sentenced to six weeks in jail for making fraudulent claims in order to receive Goods and Services Tax (GST) refunds, in a first case of its kind.351 words
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Page 17 Advertisements
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Advertisement25 2012-10-20 17 n FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. J I A.25 words
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Advertisement51 2012-10-20 17 OCBC Bank is recruiting Management Trainees Roche is looking for an Automation Engineer Celebrity Fitness is hiring District Managers Siemens has a position open for a Maintenance Sales Manager SMRT has a vacancy for the position of a Senior Media Supervisor Check out more than 500 positions available in CATS51 words
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WORLD
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314 2012-10-20 19 AFP London BRITAIN launched a new spy recruitment drive on Thursday aimed at “Xbox generation” youngsters without a university education but with social media and computer game skills to counter the threat of cyber attack. Foreign Secretary William Hague launched the apprenticeship schemeAFP - 314 words
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Article, Illustration625 2012-10-20 19 Median price climbs 11.3% from September 2011 as buyers tap low mortgage rates LATEST US DATA Bloomberg Washington SALES of previously owned US homes held near a two-year high in September, restrained by a lack of supply that is pushingBloomberg; BLOOMBERG FILE PHOTO - 625 words
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407 2012-10-20 19 It held inaccurate mortgage records for clients for seven years Bloomberg London LLOYDS Banking Group plc’s Bank of Scotland was fined £4.2 million (S$8.2 million) over failures to keep accurate mortgage records between 2004 and 2011 by the UK Financial Services Authority (FSA).Bloomberg - 407 words
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461 2012-10-20 20 Forex reserves rise to US$3.29t at the end of September from US$3.24t at end-June Reuters Beijing CHINA’S foreign direct investment (FDI) inflows fell 3.8 per cent in the first nine months from a year ago, extending the longest run of declines since theReuters - 461 words
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Article, Illustration916 2012-10-20 20 Bloomberg Beijing TESCO plc this week is trying to lure Chinese shoppers with promotions on soya sauce, cooking oil and apples. Emily Zhang still won’t do much of her shopping there. The 30-year-old Shanghai resident buys most of her produceBloomberg; BLOOMBERG FILE PHOTO - 916 words
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Article, Illustration849 2012-10-20 21 One is a scion of the Zara empire and the other two are from the Prada family Bloomberg London SURGING demand for US$100 Zara dresses and US$3,000 Prada handbags in emerging markets has created three new billionaires who hail from countries atBloomberg; PHOTO: REUTERS - 849 words
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Article, Illustration553 2012-10-20 21 Bloomberg Stockholm VOLVO Cars named former MAN SE chief executive officer Hakan Samuelsson to succeed Stefan Jacoby, who recently suffered a stroke, as the automaker’s CEO. “My focus with management right now will be profitability and cost issues,” Mr Samuelsson said yesterday atBloomberg - 553 words
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782 2012-10-20 22 Economists say central banks in north Asia will wait because economic growth there is more fragile Bloomberg Manila CENTRAL banks in South-east Asia may be forced to abandon this year’s monetary easing and raise interest rates before their north Asian peers inBloomberg - 782 words
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Article, Illustration681 2012-10-20 22 Bloomberg New Delhi STARBUCKS Corp, which yesterday introduced India to its caramel macchiatos and espressos, may find smaller and cheaper beverages the fastest way to win local coffee drinkers from established rivals. The world’s largest coffee chain will need options that are priced asBloomberg; PHOTO: AFP - 681 words
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Article8107 2012-10-20 23 Transaction date: Oct 19 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 12.5 -0.5 50 12.5 12.5 12.6 18 66.8 0.4 3 59.9 6 3 A-Sonic 3.5 unch 60 3.5 3.58,107 words
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Article1777 2012-10-20 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 $mil 20.5 12.1 t 800 Super 19.5 19.3 20 3.3 5.1 5.8 34.9 4 3 t AA Grp 3.1 3 3.9 3 105 20 t APStrategic1,777 words
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Article186 2012-10-20 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 3 0 0 0 5 8 3 Manufacturing 29 65 36 6 6 4 35 71 40 Commerce 12 33 19 4 4 3 16 37 22 Tpt/Stor/Comms 11 19 7186 words
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Article773 2012-10-20 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 15 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Pan United 18-Oct-12 Cecil Vivan Richard Wong Sell 100 0.70 450 0.08 350 0.06 Cordlife Group 18-Oct-12773 words
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Article123 2012-10-20 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,049 15,049 71,514 71,514 Manufacturing 331,838 24,156 355,994 297,053 592 297,645 Commerce 131,760 3,108 134,868 86,733 362 87,095 Tpt/Stor/Comms 102,546 13,150 115,696 157,909 4,233 162,142 Finance 24,639 655 25,294 173,329 285 173,614 Construction 44,571 45,978123 words
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MARKETS
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Article80 2012-10-20 27 Oct 18 COCOA (£/tonne) Close Prev High/Low Dec 12 1575 1527 1577/1520 Mar 13 1569 1535 1575/1528 May 13 1575 1543 1578/1538 Jul 13 1582 1551 1583/1543 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2021 2032 2031/2001 Jan 13 2048 2058 2056/2028 Mar 13 2068 2077 2077/2048 May 13 208380 words
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Article67 2012-10-20 27 Oct 19 GOLD(US$/oz) Oct 19 Oct 18 Hong Kong 1745.50 1755.30 Oct 18 Oct 17 London 1743.30 1748.09 1744.30 1749.31 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 39.68 39.04 Source: UOB PLATINUM Lon (US$/oz) Oct 18 Close Previous PM Fix 1647.00 1656.00 AM Fix 1666.00 1652.00 Source:67 words
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Article57 2012-10-20 27 Oct 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2414.0 2396.0 2420.0 2374.0 331 6206 Dec 12 2489.0 2456.0 2489.0 2452.0 5079 ***** Jan 13 2510.0 2496.0 2524.0 2492.0 ***** ***** Feb 13 2546.0 2530.057 words
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Article82 2012-10-20 27 Oct 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 17-Jan-13 0.24 6-Month BS*****N 18-Apr-13 0.27 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.15 5-Year N*****0Z 2.375 01-Apr-17 108.7482 words
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Article154 2012-10-20 27 Oct 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2641 1.2651 1.0366 1.0371 Canadian dollar 1.2359 1.2364 1.0136 1.0135 Euro 1.5933 1.5939 1.3065 1.3067 NZ dollar 0.9995 1.0002 0.8196 0.8200 Sterling pound 1.9582 1.9590 1.6057 1.6060154 words
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Article, Illustration94 2012-10-20 27 As on 18 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1752.30 1740.90 1744.40 INDIA GOLD (E-GOLD) FUT DEC2012 585.35 581.10 588.20 CURRENCY EUR-USD FUT DEC2012 1.3135 1.3090 1.3084 BASE METAL COPPER FUT DEC2012 8294 8210 8249 INDEX IRON ORE (MBIO) IDX94 words
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Article103 2012-10-20 27 Oct 18 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 12 1545.50 1509.25 1547.75 1507.50 Jan 13 1546.25 1508.25 1548.00 1506.75 Mar 13 1519.75 1484.25 1521.00 1483.50 May 13 1475.75 1445.25 1476.50 1447.25 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 12 52.30 51.03 52.39 50.86103 words
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Article68 2012-10-20 27 Oct 18 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 112.45 -0.81 WTI (Near Mth) 92.04 0.1 Dubai (1-Mth F) 110.48 -0.14 Tapis blend 117.86 -0.77 Minas 113.01 -0.77 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.78 -1.5 Jet Kerosene 131.78 0.08 US$/barrel OpecOil Basket Price 109.7768 words
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Article118 2012-10-20 27 Oct 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.294 1.233 Can dollar 1.267 1.207 Euro 1.63 1.553 Sterling pound 1.994 1.918 NZ dollar 1.032 0.974 US dollar 1.243 1.184 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article69 2012-10-20 27 Oct 18 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1991.50 1959.75 3 months 2015.00 1989.00 Copper, Grade A (US$/tonne) Cash 8217.00 unch 3 months 8220.00 unch Lead (US$/tonne) Cash 2148.00 2152.00 3 months 2157.00 2159.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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373 2012-10-20 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 18 Index Change Change Change Change Change Change World Preliminary 935.0 0.2 12.7 0.3 6.6 0.1 13.4 EAFE Preliminary 746.1 0.5 9.4 0.5 4.1 0.3 10.7 Europe Preliminary 1134.4 0.1 10.5373 words
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Article, Illustration107 2012-10-20 27 Straits Times Index YTD change:+15.21% 52-week high: 3,110.86 on Oct 5,2012 52-week low: 2,606.52 on Dec 20,2011 Source: Bloomberg Hang Seng Index YTD change:+16.91% 52-week high: 21,760.34 on Feb 20,2012 52-week low: 17,613.20 on Nov 25,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: -3.23% 52-week high: 2,536.78Source: Bloomberg - 107 words
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PERSPECTIVE
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Article, Illustration1151 2012-10-20 28 / 29 Jason Pomeroy - S’pore’s commitment to creating a vertical Garden City has spurred the incorporation of landscaping into urban spaces and high rise buildings. By Jason Pomeroy By Jason Pomeroy ~The writer is an award-winning architect and academic Despite spending the last 15 years of my working lifePHOTO: MUGILAN RAJASEGERAN/ ST - 1,151 words
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Article, Illustration920 2012-10-20 28 / 29 Frank-Jurgen Richter - Every car company is vying for a slice of the eco-pie, and their offerings are all radically different and revolutionary. By Frank-Jurgen Richter By Frank-Jurgen Richter ~The writer is founder and chairman of Horasis, a global visions community WITH the planet heating up fast andPHOTO: AFP - 920 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1597 2012-10-20 30 / 31 Shane Oliver - Significant policy differences between Democratic incumbent Barack Obama and Republican challenger Mitt Romney make the Nov 6 election a deciding factor WEALTH INSIGHT Shane Oliver AMP Capital Investors ~The writer is head of investment strategy and chief economist at AMP Capital THE NovPHOTO: REUTERS; Source: Bloomberg, AMP Capital; Source: Thomson Financial, AMP Capital; Source: Congressional Budget Office - 1,597 words
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Article736 2012-10-20 30 / 31 Joyce Hooi - Compiled by Joyce Hooi Keppel Corporation Buy OCBC Investment Research Oct 19 Close: $11.29 KEPPEL Corporation (KEP) reported a 19.1 per cent y-o-y rise in revenue to $3.2 billion but saw a 14.7 per cent drop in net profit to $346.4 million in Q3 2012, such that 9M736 words
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Article, Illustration1563 2012-10-20 32 Paul Sullivan - Advisers are asking investors to exercise restraint, develop a plan and stick with it over the long term. By Paul Sullivan By Paul Sullivan NYT Between now and the end of the year, investors who are paying even the slightest bit ofNYT; Management.PHOTO: REUTERS - 1,563 words
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Article, Illustration1606 2012-10-20 33 Teh Hooi Ling - Investors need a sound knowledge on how to value stocks, do their research and be prepared for higher volatility SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent WHETHER it is because investors are tired of being scared, or have finally decided that1,606 words
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WEALTH REAL ESTATE
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365 2012-10-20 34 Reuters Mumbai SHARES in Indian Hotels Co Ltd, controlled by the Tata Group conglomerate, fell 5 per cent yesterday after it made an unsolicited and unexpected US$1.2 billion bid for luxury hotel group Ori-ent-Express Hotels, which it has long coveted. Indian Hotels, rebuffedReuters - 365 words
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Article736 2012-10-20 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 19 AND SEPT 25, 2012 Househunt PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 19/09/2012 99 1055 2056 1949 V On Shenton Apt 20/09/2012736 words
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Article, Illustration729 2012-10-20 35 It pays US$54.2m for the site, slated for over 200 condo units, near Brooklyn waterfront Bloomberg New York A BEIJING-BASED developer has taken control of a lot slated for more than 200 units of housing near New York’s Brooklyn waterfront, aBloomberg; PHOTO: BLOOMBERG - 729 words
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Article, Illustration326 2012-10-20 35 Felda Chay - By Felda Chay feldac@sph.com.sg Singapore SOME 206 of the 383 units available at Chinese developer Qingjian Realty (South Pacific) ’s executive condominium (EC) project, Waterbay, were sold by 5pm yesterday, the first day bookings opened. Property consultants had earlier expected it to garner326 words
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Advertisement122 2012-10-20 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. AN EVOLUTION OF THE RULE BREAKING AUDEMARS PIQUET ROYAL OAK LUXURY SPORTS WATCH, THE ROYAL OAK OFFSHORE POSESSES A DRAMATIC AND PURPOSEFUL AESTHETIC THAT TURNS FUNCTIONAL ELEMENTS INTO ICONIC DESIGN FEATURES. AT 44 MILLIMETRES DIAMETER, THE OFFSHORE COMMANDS A UNIQUE PRESENCE,122 words
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Advertisement54 2012-10-20 1 LivingBTTHE BUSINESS TIMES WEEKEND OCTOBER 20 21, 2012 FROM BULLI TO BURGERS The future of Spanish haute cuisine? L2-6 STYLE The kooky cutter L7-8 DINING New eats on the block L9 GOLF BT Corporate Golf League L16-17 CEOs HAWKER CHOICES 2012 Claypot rice L10-12 MOTORING Still Luscious L18 HOME GARDEN54 words
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BT Living
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DESTINATION DINING
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Article, Illustration1424 2012-10-20 2 / 3 Jaime Ee, Xavier Mas de Xaxàs - What on earth are Spanish Michelin-starred chefs doing, flipping hamburgers and making tapas? By Jaime Ee, Xavier Mas de Xaxàs Xavier Mas de Xaxàs is the foreign editor of La Vanguardia in Barcelona IN their heyday, they ruled the culinary world with the likes of oliveBLOOMBERG - 1,424 words
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Article, Illustration1073 2012-10-20 2 / 3 Debbie Yong - Albert Adria tells Debbie Yong about his two upcoming restaurants and life as “Ferran Adria’s little brother” Debbie Yong debyong@sph.com.sg THE Spanish economy may be on a downward plunge, but for Albert Adria, things are coming up roses. The 43-year-old Catalan chef and only sibling of culinary1,073 words
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Article, Illustration2377 2012-10-20 4 / 5 Jaime Ee - Between fast food and shiny three-star Michelin restaurants are a reliable group of well-priced eateries offering good value and innovative cuisine in Barcelona. By Jaime Ee By Jaime Ee Tickets Avinguda del Parallel, 164 ***** BarcelonaZ932 92 42 53 www.ticketsbar.es IF elBulli was a Shaolin temple of2,377 words
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STYLE
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Article, Illustration1053 2012-10-20 7 May Yip - After over 40 years in the business, style doyen Paul Smith continues to break the mould of traditional fashion retail. By May Yip btnews@sph.com.sg PAUL Smith is nice. In an industry of pomp, circumstance and faux friendliness, it is disarming to be greeted by a veteran designer,1,053 words
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DINING
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Article, Illustration671 2012-10-20 6 JE Hotel Claris Barcelona Carrer de Pau Claris, 150 ***** BarcelonaZ934 87 62 62 www.derbyhotels.com/en/hotel-claris/ IF you like museums but don’t particularly have time to go to one during your stay in Barcelona, why not try checking into one instead? The Hotel Claris just off the mainJE - 671 words
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Article, Illustration955 2012-10-20 9 Debbie Yong - Roberston Quay trades its casual, family-oriented rep for globally recognised chefs and artisan purveyors of food and fine wine. By Debbie Yong debyong@sph.com.sg IN these days of rampant restaurant openings, nobody, not even an established entertainment spot like Clarke Quay, can afford to stay stagnant.955 words
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CEOS' HAWKER CHOICES 2012
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Article, Illustration2740 2012-10-20 10 / 11 Natalie Koh; Natalie Koh; Tan Teck Heng; Dylan Tan; Tay Suan Chiang - Claypot rice is not a dish impatient or hungry diners would order because its cooking process is tedious. Sure, some food courts might ‘cheat’ by cooking theirs with gas and serving it in under 10 minutes, but whipping up a proper claypot rice typicallyALL PHOTOS BY YEN MENG JIIN; PHOTOS: YEN MENG JIIN - 2,740 words
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Article, Illustration565 2012-10-20 12 Tay Suan Chiang - By Tay Suan Chiang ANG Lip Chor loves his food he is the sort that will go around Singapore to find the best dish available be it claypot rice, bak chor mee or carrot cake. “Even if it is the same dish at every meal I willPHOTO: YEN MENG JIIN - 565 words
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HEALTH
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Article, Illustration955 2012-10-20 13 Studies have shed new light on running style and shoes to wear or not to wear? NYT New York IT’S a topic of endless debate among runners. Is there a best way to run, so that you use the least energy and go the fastest? And doesNYT; PHOTO: REUTERS - 955 words
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HOME & GARDEN
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Article, Illustration1101 2012-10-20 14 / 15 Tay Suan Chiang - Artworks are displayed everywhere on the walls of a three-storey conservation shophouse on Everitt Road. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg SOME people’s idea of an ideal home is pretty straightforward a breathtaking view and of course, as much floor area asPHOTOS BY YEN MENG JIIN - 1,101 words
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BT CORPORATE GOLF LEAGUE 2012
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Article, Illustration1299 2012-10-20 16 / 17 Justine Moss - The League resonates with both participants and sponsors. By Justine Moss btnews@sph.com.sg DESPITE a rain delay and a race against time to finish the round before darkness fell, the 2012 Business Times Corporate Golf League ended with a bang at the Singapore Island Country Club’s New1,299 words
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MOTORING
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Article, Illustration637 2012-10-20 18 Samuel Ee - This convertible has almost completely embraced aluminium for its body shell. By Samuel Ee samuelee@sph.com.sg IT MAY be longer and wider but Mercedes-Benz assures one and all that true to its name, the new SL remains “Super-Light”. The Mercedes-Benz SL-Class is the iconic roadster from the brand with637 words
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Article, Illustration690 2012-10-20 19 Samuel Ee - Aim for Toyota’s new 86 coupe is to offer affordable driving fun. By Samuel Ee samuelee@sph.com.sg TOYOTA’S new 86 coupe is a revelation but just in case you don’t believe it, the Japanese carmaker will prove it to you on a former airfield in Germany. As690 words
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Article, Illustration579 2012-10-20 20 Samuel Ee - The sporty Sorento gets a new look that is cleaner and more upmarket. By Samuel Ee samuelee@sph.com.sg WHAT seems like a facelift for Kia’s pretty crossover is actually a full model change the 2013 Kia Sorento now has an all-new platform. ith redesigned front and579 words
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Page 8 Advertisements
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Advertisement893 2012-10-20 8 wine&dine with BTWeekend Atrium Lounge Level 4, Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1118 Atrium Lounge Specials Valid till 31 October 2012 Bottoms up with your choice of Erdinger Dark or Erdinger Crystal and enjoy it with a delectable platter of assorted sausages with sauerkraut and pretzels for $50++893 words
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Page 9 Advertisements
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Advertisement27 2012-10-20 9 HOME NEEDS i t Beat the heat with new air-conditioners. To find out more, turn to CLASS 90 in CATS Classified in The Straits Times now. WATS27 words
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Advertisement45 2012-10-20 10 / 11 EXCEPTIONAL PEOPLE EXTRAORDINARY EXPERTISE Knight Frank The preferred estate agent for clients in the premier residential sector. Call KF Property Network at 6372 7407 or visit www.kf.sg for residential services. CORPORATE SERVICES > RESIDENTIAL > RETAIL > OFFICE > INDUSTRIAL > INVESTMENT SALES > AUCTION > VALUATION > ADVISORY SERVICES45 words
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Advertisement258 2012-10-20 13 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 a258 words
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