The Business Times, 15 August 2011

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Total Pages: 28
1 28 The Business Times
  • 17 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, August 15,2011
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  • 1016 1  -  Move will tighten inflow of middle-rung foreign workers as govt seeks ‘right balance’ By TEH SHI NING [SINGAPORE] Foreign worker inflows will be tightened further, specifically for those in the middle rungs, Prime Minister Lee Hsien Loong said at the National Day
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  • 699 1  -  Move could impact demand for mass-market condos By EMILYN YAP [SINGAPORE] Home seekers had much to cheer about yesterday as the Government announced an increase in the income ceiling for HDB flats to $10,000 from $8,000, followed by a
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  • 158 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 2,850.59 -144.19 KL COMP 1,483.67 -40.76 NIKKEI 225 8,963.72 -336.16 HANG SENG 19,620.01 -1326.13 SET INDEX 1,062.07 -31.31 JAKARTA COMP 3,890.53 -31.11
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  • TOP STORIES
    • 839 2  -  Major confidence test looms, with EU moves, US jobless figures topping list WALL STREET INSIGHT By ROB CURRAN in New York AFTER a tumultuous week on the US stock market, traders are hoping economic data this week will restore confidence and show
      BLOOMBERG  -  839 words
    • 556 2 Bar to be raised further for employment passes FOREIGN worker inflows will be tightened further, specifically for those in the middle rungs, Prime Minister Lee Hsien Loong said at the National Day Rally last night. Entry requirements will become more stringent for professional and skilled middle-income foreign workers
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    • 618 4  -  Diversity of views shouldn’t divide us, says PM; investors are watching closely NATIONAL DAY RALLY By ANNA TEO [SINGAPORE] Singapore remains on course in its strategic directions, but “special effort” will be needed for it to stay exceptional, said Prime Minister Lee Hsien
      DESMOND WEE/THE STRAITS TIMES  -  618 words
    • 149 4 [SINGAPORE] Local students benefit from having foreign classmates and some have even joined hands in doing business, said Prime Minister Lee Hsien Loong in his National Day Rally speech yesterday. Mr Lee cited the case of BioMers, a start-up producing a translucent orthodontic brace
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    • 674 4  -  Trackside hotels see strong demand while others expect more bookings close to race By NISHA RAMCHANDANI [SINGAPORE] With the 2011 Formula One Grand Prix (Sept 23-25) around the bend, hoteliers here are expecting bookings to rev into high gear. As corporate
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    • 11 4 db X-MACRO Trading Index Fund I4D 04/08/11 98,83 GBP
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  • Page 2 Advertisements
    • 441 2 (f) "When a telecommunications company wanted to shift more services online, we helped them find a deeper connection with their customers." Abstract A Deloitte client, a leading global telecommunications provider, approached Deloitte as part of a major transformation within the organisation. The company wanted to make better use of its
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    • 40 2 OPEN HOUSE RESTAURANT THREE-COURSE BUSINESS SET LUNCH Good Value and Great Choices only $25++ per person (fcrJ. Mondays to Fridays 12pm 2.30pm f IPC -JH la For reservations and enquiries, please call 6603 8855 or email fnb.gpor@parkhotelgroup.com GRAND PARK ORCHARD
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  • Page 3 Advertisements
    • 93 3 Why look around when you can always look forward. Luxury has progressed. Get ready to change the game. Focusonwhat’saheadintheall-newlightweightAudiA6.Alltheinformation you need is projected on the windscreen directly in your line of sight. While night vision assist helps you spot a pedestrian faster than the naked eye, from up to 300
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  • Page 4 Advertisements
    • 587 4 TIME WATCH INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2355R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting (“EGM”) of Time Watch Investments Limited (the “Company”) will be held at 17 Carpenter Street #02-01, Singapore *****6 on 31 August 2011
      587 words
    • 155 4 LUXURY TOURS TRAVEL PTE LTD The Leading Operator Established 1985 "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at a glance Incentive Conference
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    • 44 4 How to get it right the first time July/August issue out now! Available at Caltex, Esso, Shell and SPC petrol stations, 7 Eleven and Cheers stores and leading bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
      44 words

  • COMPANY NEWS
    • 700 5  -  Investors ultimately responsible in deciding on suitability of product INVEST FAIR 2011 Reports by MICHELLE TAN MARKET jitters are likely to continue in the near term amid a fragile economic landscape plagued by euro debt woes, inflationary pressures and geo-political unrest in the Middle East,
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    • 504 5 EMOTIONAL discipline, a good understanding of accounting, an insatiable thirst to read and patience are key traits that have made Warren Buffett one of the most successful investors in the world today, said Robert Miles, author and authority on Mr Buffett and Berkshire
      FILE PHOTO  -  504 words
    • 479 5 Reuters KEPPEL Corp, the world’s largest rig-builder expects demand for rigs to remain sustainable as long as oil prices remain above US$80 a barrel, the head of its offshore and marine business said last Saturday. Keppel Offshore Marine CEO Tong Chong Heong told
      Reuters  -  479 words
    • 345 7  -  $20m fund, focused on clean energy and healthcare, in talks to raise it to $100m By NICHOLAS YEO PRIVATE equity fund Novo Tellus Capital Partners which had its first closing at $20 million at the end of May is in talks
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    • 270 7 Reuters [SINGAPORE] Asian stocks could fall further as sentiment remains fragile, but the region’s equity markets should make a relatively quick recovery as valuations are attractive, Aberdeen Asset Management’s Asia head Hugh Young said on Friday. He also said that Aberdeen, which manages about US$300
      Reuters  -  270 words
    • 403 7 Aug 12 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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    • 224 7 COMPANY MEETING PLACE DATE TIME Innovalues E 8 Wilkie Road #03-01 Wilkie Edge Singapore *****5 15-Aug 3.00pm UMS Hldgs E 25 Changi North Rise, Singapore *****8 16-Aug 10.00am Straits Asia E York Hotel, Rose Room II, 24 Mount Elizabeth, Singapore *****6 16-Aug 9.00am UIS E Penthouse of United
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  • SINGAPORE MARKETS
    • 465 6 CURRENCIES Bloomberg [NEW YORK] The yen gained versus the dollar, approaching the strongest level since World War II, as the Standard Poor’s downgrade of the US and concern that Europe’s sovereign-debt crisis is worsening boosted demand for safety. The euro dropped the
      Bloomberg  -  465 words
    • 583 6  -  COMMODITIES By TIMOTHY MORGE The writer is a CME member and independent trader. He actively trades CME Group products and teaches his trading at www.marketgeometry.com. Visit http://www. cmegroup. com/ to find out more about CME products IN Late February people took to the streets in
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    • 1553 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Cap 2.00 2.00 2 2.00 10.25 0.27 0.21 Amtek Engineering 2.00 2.00 4 0.10 6.38 1.42 0.74 ARA Asset Mgt 1.83 2.00 6 8.59 15.67
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    • 4 6 WEEKLY
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    • 65 6 Aug 12 VALUE CLOSE BT OB/OS -1974.00 +236.0 BT CADI -*****.00 +209.0 BT 10-day MA -*****.00-197.00 FTSE ST Mid Cap 647.98 +6.22 FTSE ST Small Cap 440.58 +4.84 FTSE ST All Share 688.13 +11.82 FTSE ST China Top 209.75 +1.99 FTSE ST China 247.44 +5.81 FTSE ST
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    • 59 6 VOLUME Golden Agri 794,975,000 Genting SP 697,536,000 HSI*****MBeCW*****9 345,302,000 Noble Grp 271,035,000 SingTel 233,489,000 Cosco Corp 204,901,000 TopGlobal 196,448,000 TopGlobal W*****9 186,793,000 Yangzijiang 163,907,000 HPH Trust US$ 149,645,000 VALUE($) Genting SP 1,189,658,795 Keppel Corp 707,192,988 SingTel 688,589,358 DBS Grp 680,409,027 Golden Agri 506,923,671 UOB 477,867,540 OCBC Bk
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    • 614 6  -  STOCKS WONG WEI KONG Associate News Editor AFTER enduring a week of extreme volatility, it would be tempting to say that Singapore stocks have seen the worst for the moment. However, global economic and market conditions are such that a more cautious outlook is
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    • 117 6 BY CENTS CLOSE UP GLD 10US$ ***** 1049.5 5.3 DBXT iBoxxSvEu 5US$ ***** 630.9 2.2 DBXT iBoxxSing 5SG$ ***** 294.0 2.4 DBXT USDIGInfl 5US$ ***** 287.6 0.9 DBXT S&P Short 10US$ 4673 71.6 1.3 DBXT SPASX200 10US$ 3159 61.9 1.6 SIMSCI335MBePW*****0 52.5 41.9 395.3 DBXT CSI300 10US$ 973 40.0
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    • 116 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5220-605.4 -8.7 DBXT Nifty 10US$ *****-510.8 -3.6 DBXT MSJAP 10US$ 3656-330.0 -6.9 IS S&P500 *****-315.5 -2.2 DBXT E50 10US$ 3496-279.1 -6.2 UOB 5.05%NCPS 100 *****-232.0 -2.2 JMH 5130-231.7 -3.6 Hyflux 6% CPS 10 *****-228.0 -2.1 DBXT AUDMM 5SG$ *****-206.0 -0.8 DBXT FTVietnam
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    • 5 6 WEEKLY
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    • 1802 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited BUYING by directors rebounded sharply after posting low purchases for nine straight weeks. In the second week of August, 26 companies recorded 64 purchases worth $15.5 million based on filings on the Singapore
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    • 159 9 AUG 12 BID PRICE VALUE WEEK-ON-WEEK CHANGE Straits Asia Resources 2.550 -3.4 12,750 Ho Bee 1.315 -3.7 14,465 Hupsteel 0.185 -7.5 5,735 Low Keng Huat 0.350 -7.9 11,550 China Taisan 0.138 -8.0 5,520 Longcheer 0.117 -8.6 2,223 Kingboard Copper Foil 0.210 -8.7 5,250 Dapai 0.060 -9.1 1,620
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    • 151 9 sentiment VALUE AUG 12 BID PRICE WEEK-ON-WEEK CHANGE Pan-United Corp 0.470 2.2 5,640 People's Food 0.735 1.4 8,085 Parkway Life Reit 1.810 -2.2 9,050 UIC 2.680 -2.5 10,720 Goodpack 1.750 -3.6 7,000 Del Monte 0.400 -3.6 4,000 Macquarie Int'l Infrastr 0.525 -5.4 7,350 CH Offshore
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    • 468 9  -  TEH HOOI LING Senior Correspondent LAST week saw sell-offs beginning on Aug 5 which carried before some calm ensued in the last two days of the week. And as in any rebound after a major decline, it is the blue chips which started
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    • 145 9 AUG 12 BID PRICE VALUE WEEK-ON-WEEK CHANGE Reyphon Agriceutical 0.140 26.1 28,000 Top Global 0.008 -2.1 4,000 C&G Industrial 0.161 -2.4 12,236 Mirach Energy 0.105 -2.8 10,500 Ellipsiz 0.095 -5.0 9,500 Sinostar 0.166 -5.1 10,292 Sunshine 0.036 -5.1 7,200 Synear Food 0.140 -10.0 4,200 China Oilfield Tech
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    • 168 9 AUG 12 BID PRICE VALUE WEEK-ON-WEEK CHANGE Pan-United Corp 0.470 2.2 5,640 Biosensors 1.260 -0.4 25,200 Goodpack 1.750 -3.6 8,750 Del Monte Pacific 0.400 -3.6 4,000 Food Empire 0.335 -4.3 3,685 AIMS AMP I REIT 0.200 -4.8 3,000 First Resources 1.275 -5.2 24,225 Golden Agri-Resources 0.635 -5.2
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    • 169 9 AUG 12 BID PRICE VALUE WEEK-ON-WEEK CHANGE Hotung Investment 0.144 0.7 6,912 Samudera Shipping 0.171 0.6 5,130 QAF 0.640 -0.8 16,000 China Merchants (Pacific) 0.520 -1.0 5,720 Fortune Reit 0.574 -3.4 7,462 SanTeh 0.355 -4.1 5,325 Singapore Land 6.430 -4.9 12,860 Golden Agri-Resources 0.635 -5.2 17,780 Bonvests
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    • 170 9 AUG 12 BID PRICE VALUE WEEK-ON-WEEK CHANGE Hotung Investment 0.144 0.7 10,224 China Merchants (Pacific) 0.520 -1.0 5,720 Shanghai Asia 0.175 -1.1 6,650 TT Int'l 0.029 -3.3 1,305 Poh Tiong Choon Logistic 0.390 -3.7 11,310 UOB-Kay Hian 1.570 -4.0 7,850 Datapulse 0.199 -5.2 6,368 Silverlake Axis 0.345
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  • Page 6 Advertisements
    • 95 6 AsktheDom modifies tXpGrt' In collaboration with our Exchange Partners Phillip Futures Bringing Global Markets Closer to You I www.phillipfutures.com.sg 6538 0500 c Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) Co. Reg. No: *****5695G The above information does not constitute an investment advice, an offer/solicitation to
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  • Page 7 Advertisements
    • 132 7 LET'S GO FURTHER ON ONE LITRE OF FUEL. We must learn to use energy more efficiently. For over 25 years, the Shell Eco-marathon has supported teams worldwide who explore ways to maximise fuel economy. On July 9th, 93 teams from 12 countries around Asia took to the Sepang F1 track
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  • Page 8 Advertisements
    • 205 8 r. 4 _i L I I I'll I j *T> *fc.. irr?^LOW* "J *k V\f' MS t r 1-, la: nf: wi5J* r 33S5T _-:r;' ""r rr;: ;'^r p r^ m i Safe* *2 Enjoy 2 free SGX trades on POEMS Mobile!* Open an account with us get a $20
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  • Page 9 Advertisements
    • 199 9 Gold finds support and breaks resistance? S AXO CAPITAL MARKETS Chart GOLDcont v Customize => Weekly v Candlestick I Update https //www.saxomobilotrad. a 1,610.27 rl i Seize the (5) opportunities. Seize the opportunities with Saxo: Trade Gold 'Live' with spot, futures and CFDs Trade Gold-related equities and ETFs/ETCs Tight pricing
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  • SINGAPORE NEWS
    • 1499 10  -  Casinos entice club members over with bigger payouts and slicker offerings By GRACE LEONG AT least three local slot clubs have shuttered their jackpot operations as players desert these for bigger payouts and slicker offerings at Resorts World Sentosa (RWS) and
      FILE PHOTO  -  1,499 words
    • 477 10  -  Minibonds victims among his many supporters, he says By GRACE LEONG PRESIDENTIAL hopeful Tan Kin Lian yesterday reiterated his commitment to file his nomination papers on Wednesday, promising a “very active” campaign in the days leading up to Polling Day.
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    • 1505 10 Payment Ex Books Pay Ann (cts) date close date date Adampak Ltd aw 1.000 06-Sep 08-Sep 23-Sep 12-Aug Adv Integrated Mft aw 0.180 31-Aug 02-Sep 19-Sep 29-Jul AIMS Amp Cap Ind Reit ag 0.530 02-Aug 04-Aug 14-Sep 27-Jul ARA Asset Mgt aw 2.300 22-Aug 24-Aug 08-Sep 10-Aug Ascendasreit
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  • Page 10 Advertisements
    • 1307 10 [SATS €0 NOTICES BUY IT-SELL IT- FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg In The Matter Of The Companies Act, Cap 50 And In The Matter Of E-Smart Technology Pte Ltd (In Creditors’ Voluntary Liquidation) (Company Registration No.: *****5097N) Notice Of Resolution At the Extraordinary General Meeting of the Company
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    • 297 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KARAKORAM ASSET MANAGEMENT PTE. LTD. (Company Registration No. *****2058N) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of Karakoram Asset Management Pte. Ltd. (the “Company”) held on 10
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1031 11  -  Art market professionals tell MINDY TAN collecting art is different from investing in art, and that caveat emptor applies in a big way MINDY TAN WHILE art has traditionally been linked to the romantic notions of art-for-art’s sake, it has also long been seen as
      ILLUSTRATION BY LUDWIG ILIO  -  1,031 words
    • 334 11 ASK DR INVEST Q: The local and global markets are in the red and it looks like they are going to drop further. I am thinking of exiting the market and stopping my regular unit trusts investment plan, until the market is more stable. What
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    • 1169 11  -  STARTING YOUNG By TAM YU LING WHILE many value investors may have paid homage to Warren Buffett by reading books on the investing guru, few have met the man himself. Goh Chin Siong is one who did. No, he did not win the bid for Mr
      ARTHUR LEE  -  1,169 words
  • Page 11 Advertisements
    • 322 11 Get started now ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock-market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple iPod
      322 words

  • VIEWS FROM THE TOP
    • 3110 12 THIS WEEK’S TOPIC: Do businesses and consumers need to do anything different in this period of economic uncertainty? And if so, what? Ho Meng Kit CEO Singapore Business Federation IN this period of economic uncertainty, businesses need to be more productive and cost effective by relooking their
      FILE PHOTO  -  3,110 words

  • Page 13 Advertisements
    • 43 13 What are Specified InvestmentProducts? Specified Investment Products listed on SGX include Exchange Traded Funds, Exchange Traded Notes, Structured Warrants, Futures and Options. They have terms and features that are more difficult to understand, so it’s important that you understand them before you invest.
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  • ECONOMY WATCH
    • 686 14 Consumer prices excluding food, fuel rose 0.2%, smallest gain in 3 months Bloomberg [WASHINGTON] The cost of living in the US probably eased in July, consistent with the Federal Reserve’s forecast that inflation will stabilise, economists said before a report this week. Consumer prices
      Bloomberg; BLOOMBERG  -  686 words
    • 573 14 Some aides favour bold themes to take on the Republicans NYT [WASHINGTON] As the economy worsens, President Barack Obama and his senior aides are considering whether to adopt a more combative approach on economic issues, seeking to highlight substantive differences with Republicans in Congress
      NYT  -  573 words
    • 513 14 Action may be necessary to stem a yen advance that risks slowing recovery Bloomberg [TOKYO] Japan’s finance minister warned that he’s ready to intervene in the currency market again to stem a yen advance that risks slowing the nation’s recovery. “An unstable situation is continuing,”
      Bloomberg  -  513 words
    • 410 14 Bloomberg [SYDNEY] Australia’s economy can “ride out” the turbulence in global markets because of its strong outlook and the continued growth of China, its biggest trading partner, Treasurer Wayne Swan said. “Australia has very low public debt, low unemployment, a massive pipeline
      Bloomberg  -  410 words
  • Page 14 Advertisements
    • 32 14 2010EDITION A collection from The Business Times The diverseexperiences ofsome of the mostinfluential thinkers,corporate chiefs andsocial activists of the age 52 interviews by The Business Times journalists Available at all leading bookstores
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  • GREATER CHINA/INDIA
    • 478 15 This will help China import goods cheap from Korea Bloomberg [MANILA] South Korea and China may start talks on a free trade agreement to increase the export of goods and services between the two countries, South Korean Trade Minister Kim Jong
      Bloomberg  -  478 words
    • 1865 15 VOL Aug 12 RM +/-(‘000) A M Realty 0.44 -0.02 20 Abric Bhd 0.31 0.02 11 Advance Synerg 0.18 unch 7586 Adventa Bhd 1.63 unch 57 Ae Multi Hldgs 0.23 0.01 67 Affin Holdings 3.10 0.01 920 Ahmad Zaki Res 0.73 0.05 2153 Aic Corp 1.28 unch 40
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    • 563 15 Gary Locke says US economy is strong and govt committed to fiscal integrity Reuters [BEIJING] China should rest easy that its investments in the US dollar remain safe, the newly arrived US ambassador in Beijing, Gary Locke, said yesterday, adding that
      Reuters; AP  -  563 words
    • 698 15 Unlike cell phones, Internet has taken longer to catch on AFP [NEW DELHI] India has built a global reputation as a major player in information technology, but lack of Internet access among its own citizens is posing a threat to long-term growth. One typical
      AFP  -  698 words
  • Page 15 Advertisements
    • 24 15 ti-ii-J JACKPOT TODAY Sales close at 6pm Draw at 6.30pm at PoMo For details, visit www.singaporepools.com.sg CO CO Towards Community Purpose and Benefit SINGAPORE
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  • MALAYSIA/INDONESIA
    • 576 16 Over-exploitation by tourism takes its toll on the environment [NUSA DUA, Indonesia] Construction cranes on beaches, damaged coral, and floating trash in the turquoise waters off Bali are an unfortunate sign of just how successful the Indonesian resort island has been in
      576 words
    • 632 16  -  Controlling shareholders need to show how ‘mutual benefits’ can be achieved MALAYSIA INSIGHT PAULINE NG KL Correspondent A WEEK after it was officially announced, the comprehensive collaboration between Malaysia Airlines (MAS) and AirAsia continues to be the talk of the town. On the travel
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  • Page 16 Advertisements
    • 39 16 —about, iTrusI Just as you rely on your surgeon to achieve the best results, you can turn to The Straits Times as a trusted source of news, views and reviews. 5SM I J THE STRAITS TIMES. A publication of
      39 words

  • WORLD
    • 550 17 They are seen as measure of last resort to save single currency Reuters [BERLIN] The German government no longer rules out agreeing to the issuance of eurozone bonds as a measure of last resort to save the single currency, Welt am Sonntag reported yesterday.
      Reuters  -  550 words
    • 632 17 Central bank may set a target for unit in ‘coming days’ Bloomberg [ZURICH] The Swiss government and the central bank are in “intense” talks over setting a possible target for the franc, SonntagsZeitung newspaper reported, citing unidentified people close to the situation.
      Bloomberg  -  632 words
    • 650 17 NYT [NEW YORK] It’s a bank that hasn’t been much on Wall Street’s radar since the days of the AIG bailout. But Societe Generale, France’s third-biggest bank, has been stirring financial markets once again on concerns about its big holdings of the debt
      NYT; REUTERS  -  650 words
    • 469 17 AFP Reuters [BERLIN] George Soros, the US speculator turned billionaire philanthropist, has suggested that both Greece and Portugal quit the European Union and the eurozone because of their massive debts. “One has so mishandled the Greek problem that the best way forward at present
      AFP; Reuters  -  469 words
    • 492 17 Bloomberg [LONDON] UK Prime Minister David Cameron said he’ll stick with plans to cut police budgets and headcount following riots across England that have so far led to the arrest of 1,400 people in London alone. Home Secretary Theresa May, who oversees the
      Bloomberg; BLOOMBERG  -  492 words
    • 777 18 Texas governor Rick Perry launches presidential bid with attack on Obama Reuters [AMES, Iowa] Michele Bachmann won the Iowa straw poll on Saturday in the first big test of the 2012 Republican presidential campaign, as Texas governor Rick Perry launched a White House bid
      Reuters; AP  -  777 words
    • 663 18 Some samples found to contain 9 times legal limit of cesium Bloomberg [TOKYO] Mushrooms joined the threats to Japan’s food chain from radiation spewed by Tokyo Electric Power Co’s Fukushima Dai-Ichi nuclear plant, as the country expands efforts to limit the effects of the
      Bloomberg; BLOOMBERG  -  663 words
    • 406 18  -  By IAN CAMPBELL REUTERS BREAKINGVIEWS [LONDON] Some nasty numbers are going to force the European Central Bank’s (ECB) hawks to think. French inflation is down to 2.1 per cent and growth is at zero. This is a challenge to the ECB’s line that it
      REUTERS  -  406 words
    • 672 18 AFP [PARIS] US Treasury bonds remain a hot ticket for investors looking for a low risk investment in a volatile market despite the unprecedented downgrade of Washington’s credit rating, analysts say. The decision by Standard Poor’s to strip Washington of its top triple-A rating
      AFP  -  672 words

  • Page 18 Advertisements
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  • AVIATION/SHIPPING
    • 337 19 Bloomberg [NEW DELHI] Air India chairman Arvind Jadhav has been removed from the state-controlled carrier as it tries to win agreement from lenders to restructure debts and turn profitable. Rohit Nandan, a joint secretary at the Ministry of Civil Aviation, will replace Mr
      Bloomberg  -  337 words
    • 511 19 Airline to initially fly Melbourne-Sydney route as it seeks to win back customers Bloomberg [SYDNEY] Tiger Airways Holdings Ltd, the budget carrier part-owned by Singapore Airlines Ltd, had about 850 people on its Australian flights on Saturday as it seeks to win
      Bloomberg; FILE PHOTO  -  511 words
    • 503 19 Business from China, India will sustain the sector, say operators Reuters [BANGALORE] Business from China and India is robust enough for shippers such as Paragon Shipping, Box Ships Inc and Seanergy Maritime Holdings not to be losing sleep over financial crises in the
      Reuters  -  503 words
    • 358 19 Reuters [SINGAPORE] Rates for panamax dry bulk carriers on key Asian freight routes are expected to rise over the next week, supported by the limited availability of prompt tonnage to move Indonesian coal shipments. In the capesize market, rates
      Reuters  -  358 words
    • 675 19 Bloomberg [LONDON] BW Maritime, a Singapore-based owner of 15 supertankers, said that it is declining cargoes as a glut of the vessels causes rents to plunge, joining rival Frontline Ltd in refusing charters. “This is being done on a case-by-case basis rather
      Bloomberg  -  675 words
  • Page 19 Miscellaneous
    • 309 19 CRYPTIC CROSSWORD Across 1 Government’s in vogue following newspaper editorials (10) 6 Hit book for essayist (4) 10 Puts nuts outside back of cage, creating agitation (5) 11 Partner developing sea-coast around island (9) 12 Ill mate’s drunk cold tinny (8) 13 Calm before start of the horse-riding competition (5)
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  • DINING OUT
    • 1207 20  -  Those looking for familiar Northern Indian food and those expecting an updated twist will both be satisfied, reports CHEAH UI-HOON reports CHEAH UI-HOON Punjab Grill by Jiggs Kalra B1-O1A The Shoppes at Marina Bay Sands 2 Bayfront Avenue Tel: 6688-7395 www.punjabgrill.in PUNJAB Grill might be tucked
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  • Page 20 Advertisements
    • 183 20 Wine, Dine .-v v Hospitality Highlights A en Spanish Bar Restaurant J -'w. flavours of Spain Paella Valencia 1 Harbourfront Walk #01-98/99 VivoCity Singapore *****5 Tel: 6376 8185 Email: info@serenity.com.sg r- > I c <vw PArvJAI li I! VL L X 11 Yl T IN SPAIN Happening every Wednesday, celebrate
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  • SINGAPORE STOCKS
    • 8690 21 Week ended: Aug 12 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13.2 8Telecom 13.8 -1 5 13.8 13.8 13.5 15 7.8 4.4 2.9 66.1 11.5 4.5 A-Sonic 5.7 -0.5 1267 6.3
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    • 1742 22 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 14.5 t 800 Super 15.6 -2.7 6914 17 14.5 15.7 16 5.4 27.9 5.5 3.7 t AA Grp 4 +0.3 20 4 4
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    • 118 22 Stock name Close Change CapMallsAsia 1.185 -0.015 CapitaLand 2.570 +0.070 CapitaMall 1.780 +0.060 CityDev 10.140 +0.240 ComfortDelGro 1.260 -0.010 DBS Grp 13.760 -0.050 F&N 5.500 +0.110 GLP 1.755 +0.025 Genting SP 1.725 +0.045 Golden Agri 0.640 +0.020 Stock name Close Change HK Land 5.980 +0.320 JMH
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    • 2621 22 Transaction date: Aug 12 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.09 0.11 4 Aeon Stores 18.20 unch 4 Angang Steel 6.16 0.13 ***** Anhui Conch 32.70 -0.55 ***** Anhuiexpresswa 4.67 0.08 1118 Asia Satellite 16.00 unch 8 Asm Pacific 80.10 2.15 837 Bank Of E Asia 28.10
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    • 258 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A40.5cd unch 11 44 40.5 39 49 3.6 8.6 3.2 105.5 55 26 Genting HK US$ US34.5 -5.5 *****4 39.5 32.5 34 34.5 2271.7
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    • 186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 17 0 0 0 0 0 17 0 Manufacturing 26 175 11 7 26 5 33 201 16 Commerce 6 63 8 2 16 0 8 79 8 Tpt/Stor/Comms 3 43 1
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    • 1014 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 120 +3 31 120 116.5 120 121.5 547.8 1207 890 CIMBAsean40 100US$ US1029 -23 79 1052 1027 1020 1030 41.2
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    • 123 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 254,973 254,973 947,832 947,832 Manufacturing 1,396,111 198,292 1,594,403 1,536,397 3,882 1,540,279 Commerce 709,964 58,698 768,662 850,919 5,373 856,292 Tpt/Stor/Comms 1,233,542 27,475 1,261,017 1,873,029 3,791 1,876,820 Finance 183,655 1,863 185,518 1,813,465 353 1,813,818 Construction 304,597 221,534
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  • Page 22 Advertisements
    • 26 22 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 374 23 In local curr In S$ In US$ dy yr dy yr dy yr Aug 12 Index Change Change Change Change Change Change World Index Preliminary 808.8 1.5 -9.9 1.6 -12.4 1.5 -7.5 EAFE Preliminary 683.5 2.3 -14.7 2.3 -14.4 2.2 -9.6 Europe Preliminary 997.3 3.6
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    • 77 23 CRUDE OIL PRODUCTS Aug 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.58 2.60 WTI (Near Mth) 85.71 3.52 Dubai (1-Mth F) 101.72 0.53 Tapis blend 111.37 0.61 Minas 107.37 0.61 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.67 2.17 Jet Kerosene 122.30 2.20 US$/barrel Opec Oil
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    • 107 23 Aug 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1337.00 1333.75 1347.50 1329.00 Sep 11 1327.75 1324.75 1337.00 1319.75 Nov 11 1334.75 1331.75 1343.75 1326.00 Jan 12 1345.75 1342.75 1354.25 1337.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 54.60
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    • 79 23 Aug 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 10.11.2011 0.13 1-Year BY*****X 02.05.2012 0.15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.97 5-Year N*****0W 1.125 01.04.2016 102.89 103.05 103.05 10-Year NX*****X
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    • 466 23 Aug 12 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.5650 0 2503 Dec11 99.4650 0 4150 Mar12 99.5250 0 1053 Jun12 99.5850 0 1924 EUROYEN TIBOR FUTURES Sep11 99.6800 100 1283 Dec11 99.6825 0 1478 Mar12 99.6900 0 2083 Jun12 99.6875 0 1376 Sep12 99.6150
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    • 156 23 Aug 13 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 464.1 464.1 463.5 5 291 Oct 11 463.0 463.0 463.0 10 382 Nov 11 465.0 391 Dec 11 467.0 503 Jan 12 468.0 60 385 Feb 12
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    • 84 23 As on 12Aug 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Oct-11 1765.8 1724.8 1728.5 1754.6 CURRENCY US DOllar-Jap Yen Sep-11 76.55 76.5 76.53 76.75 Euro-US Dollar Cash Sep-11 1.4285 1.4143
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    • 121 23 As at 9am Aug 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.292 1.219 Can dollar 1.251 1.203 Euro 1.752 1.685 Sterling pound 2.003 1.926 NZ dollar 1.031 0.982 US dollar 1.229 1.182 Local dollars to 100 units of foreign
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    • 27 23 Aug 12 Open High Sett STI Aug 2840 SIMSCI Aug 316.4 327.1 326.2 Taiwan Aug 269.9 272.5 266.3 Source: MF Global (S) Pte Ltd
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    • 2559 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 0.5 2 1 150 26 5.56 33 ASJ Hldgs W*****1 0.5 1 4 29 7.00 6 AlliedTech W*****2 1.7 1 4 27 Asia Water Tech Ltd W*****8
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    • 177 23 Aug 12 $S Offer Bid 0vernight 0.03 0.01 1-month 3/16 1/16 2-months 1/4 1/8 3-months 5/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 0.20 1 month 0.40 0.30 2 months 0.50 0.35 3 months 0.60 0.40 6 months 0.75 0.55 9 months 0.85 0.65 12
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    • 462 23 Aug 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.016 6.566 0.723 8.008 46.647 87.856 0.787 11.085 3.085 1.251 88.775 43.797 1.247 7.433 0.789 29.778 30.782 0.635 1.027 Canada 0.984 6.462
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    • 85 23 Aug 12 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth -0.***** 2 mths -0.***** 3 mths -0.***** 6 mths -0.***** 9 mths -0.***** 12 mths
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    • 154 23 Aug 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2461 1.2471 1.0270 1.0275 Canadian dollar 1.2264 1.2273 1.0108 1.0112 Euro 1.7228 1.7236 1.4199 1.4201 NZ dollar 0.9962 0.9968 0.8211 0.8213 Sterling pound 1.9641 1.9651 1.6188 1.6191
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    • 22 23 Aug 12 S$ Bid Offer 1-month 1.2128 1.2135 2-months 1.2118 1.2132 3-months 1.2116 1.2130 6-months 1.2083 1.2107 Source: OCBC
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    • 137 23 Aug 12 GOLD (US$/oz) Aug 12 Aug 11 Hong Kong 1762.00 1792.50 Aug 11 Aug 12 London 1753.64 1729.09 1755.06 1730.31 Source: Thomson Reuters CAST BAR Aug 12 (S$) Selling Buying Kilobar 73,534.68 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 165 69 5gm 468 343 10gm 835
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    • 69 23 Aug 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2364.90 2379.80 3 months 2400.00 2413.00 Copper, Grade A (US$/tonne) Cash 8845.25 8859.50 3 months 8865.00 8881.00 Lead (US$/tonne) Cash 2378.25 2383.75 3 months 2380.00 2385.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 65 23 Aug 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3100 3100 3103 3100 341 2005 Sep 11 3084 3062 3088 3061 2696 ***** Oct 11 3020 3015 3025 2999 9934 ***** Nov 11 2996 2983
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    • 82 23 Aug 12 COCOA (£/tonne) Close Prev High/Low Sep 11 1838 1834 1850/1833 Dec 11 1852 1847 1864/1842 Mar 12 1872 1868 1884/1866 May 12 1882 1881 1891/1874 COFFEE (US$/tonne) Close Prev High/Low Sep 11 2248 2190 2284/2203 Nov 11 2280 2220 2313/2232 Jan 12 2292 2237 2325/2259 Mar 12
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  • 5172 24 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMFLUSH Muscat/Sharjah/Doha *Loads
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  • Page 24 Advertisements


  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 842 26  -  Procter Gamble CTO believes in studying users to guide research goals, reports VICTORIA HO reports VICTORIA HO IN spite of all the advancements in statistics over the years, Bruce Brown always goes back to the customer when he does research. Mr Brown, chief technology officer
      842 words
    • 311 26  -  By VICTORIA HO VIETNAMESE IT services provider, FPT Information System has opened a Singapore office. The company has pumped in US$500,000 into the branch, which is starting with an initial headcount of 12 staff. Tran Tuan Phong, director of FPT’s Singapore oper-
      311 words
    • 297 26 AFP [PARIS] French mobile network operator Orange has broken the secrecy surrounding Apple’s new iPhone 5 through a job advert, despite the US firm’s ban on its partners referring to the product before its expected September release. Orange which is owned by
      AFP  -  297 words
    • 347 26 Bloomberg [SAN FRANCISCO] Rovio Entertainment Oy, the Finnish creator of the Angry Birds mobile-phone game, is in talks to receive funding that would value the company at about US$1.2 billion, two people with knowledge of the discussions said last Friday. The Espoo, Finlandbased
      Bloomberg; AFP FILE PHOTO  -  347 words
    • 766 26  -  A study finds large firms making more headway in it than small firms <yousay> By CALVIN CHAN The author is a lecturer at the school of business, SIM University. He is also a member of the Singapore IT Standards Committee Cloud Computing Coordinating Task Force CLOUD
      766 words
    • 575 27  -  Indian IT firm pledges $6m to a joint-initiative lab with local university By VICTORIA HO TATA Consultancy Services (TCS) and the Singapore Management University (SMU) have jointly set up a lab to build intelligent cities for export to other countries in the region. The
      FILE PHOTO  -  575 words
    • 794 27  -  It has interesting features but it remains to be seen if they are compelling enough By RICH JAROSLOVSKY LAT-WP WITH its new social network, Google has scored a huge blow against its archenemy. Yes, Google+ delivers features and functionality that Microsoft’s Bing search engine
      LAT-WP; AFP FILE PHOTO  -  794 words
    • 417 27 Bloomberg [WASHINGTION] The antitrust investigation of Google Inc by the US Federal Trade Commission has expanded with demands for information from other technology companies, two people familiar with the matter said. The people, who didn’t want to be named because they
      Bloomberg  -  417 words

  • Page 27 Advertisements
    • 75 27 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE SURANCE FIRMS ARE ONTO YO 1 1 1 I SM.90 I RM9.SO PEUGEOT 508 vs CITROEN C5vs VOLVO -i I 21 WO DRIVES > VOLKSWAGEN JETTA > HYUNDAI ELANTRA > MA5ERATIGRANTURISMO MC STRADALE > PORSCHE CAYMAN R > AUDI A1185BHP UPDATED LEXUS IS F >
      75 words
    • 1007 27 MATS NOTICES iMi METRO METRO HOLDINGS LIMITED (Company Registration No.: *****1792W) (Incorporated in the Republic of Singapore) NOTICE OF EXPIRY OF WARRANTS W*****2 (THE "W*****2 WARRANTS") TO: ALL HOLDERS OF W*****2 WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF METRO HOLDINGS LIMITED (THE "COMPANY") THIS NOTICE IS
      1,007 words

  • Page 28 Advertisements
    • 263 28 jPMorgan Global Consumer Trends Fund We believe changing consumer trends create unique investment opportunities. JPMorgan Global Consumer Trends Fund aims to capitalise on long-term consumption trends such as the global coffee-drinking culture, a projected increase in world demand for health supplements and the aspirational brands poised to benefit from a
      263 words