The Business Times, 12 September 2011

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Total Pages: 29
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Monday, September 12,
    23 words
  • 812 1  -  Sacrifice of crew, passengers of Flight 93 praised By in LEE U-WEN in Washington, DC FORMER United States presidents Bill Clinton and George W Bush struggled to hold back tears as they praised the 40 passengers and crew of United Airlines Flight 93 the
    REUTERS  -  812 words
  • 898 1 They also stress need for concerted global effort for strong, sustainable, balanced growth Bloomberg [MARSEILLE] Group of Seven (G-7) finance ministers and central bankers pledged to support banks and buoy slowing economic growth as Europe’s debt crisis roiled financial markets and threatened a
    Bloomberg  -  898 words
  • 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 2,825.10 -17.99 KL COMP 1,469.12 -4.97 NIKKEI 225 8,737.66 -213.08 HANG SENG 19,866.63 -346.28 SET INDEX 1,062.37 -2.81 JAKARTA COMP 3,998.50 +156.77
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  • TOP STORIES
    • 582 2 G-7 finance chiefs vow to support banks GROUP of Seven finance ministers and central bankers pledged to support banks and buoy slowing economic growth as Europe’s debt crisis roiled financial markets and threatened a global recession. “We will take all necessary actions to ensure the resilience of banking
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    • 877 2 US$447b jobs plan seen stabilising confidence, preventing recession Bloomberg [ATLANTA] The US economy would get a boost of up to 2 per cent under President Barack Obama’s US$447 billion jobs plan, say economists at Goldman Sachs Group Inc, Moody’s Analytics Inc
      Bloomberg; AFP  -  877 words
    • 409 2  -  By ANTONY CURRIE REUTERS BREAKINGVIEWS THE 10th anniversary of the Sept 11, 2001 attacks is rightly focused on the nearly 3,000 people who lost their lives and the impact on friends, loved ones and the broader population. But there’s yet another way the
      REUTERS  -  409 words
    • 562 2 Reuters [NEW YORK] Investors will grapple with more turbulence surrounding Europe’s deepening debt problems this week and the prospect of another round of dismal data on the faltering US economy. More volatility is almost guaranteed after the top German official at the European Central
      Reuters  -  562 words
    • 1192 4  -  Large proportion of their property purchases are within $1.5-$5m range By FELDA CHAY [SINGAPORE] Although mainland Chinese buyers have, in recent times, helped boost Singapore’s private property market, one must not forget the Indonesians who have been faithfully snapping up properties here for more than a
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    • 406 4  -  By PIERRE BRIANCON REUTERS BREAKINGVIEWS THE resignation of the European Central Bank’s chief economist would have been more of a shock if the institution had been a bastion of unity and consensus through the euro debt crisis, as it pretended to be in its
      REUTERS  -  406 words
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    • 138 2 "When an international transportation service provider wanted to improve the health of its balance sheet, we landed them a major win from inside their data." A Deloitte client, a large international service provider in the transportation sector, employs approximately 32,500 people and offers services across a network in 44 countries.
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    • 46 4 TheSingaporeMediationCentrecongratulates our valued signatories on their pledge to in resolving commercial disputes. Mediation is cost-effective, saves time, and helps to preserve business relationships through creative and holistic solutions. Mediate. It makes sense. Level 4, 1 Supreme Court Lane Singapore *****9 www.mediation.com.sg www.smcmediationcharter.sg Our Signatories: Supporting Organisations:
      46 words

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    • 42 5 a Mr Teo Kiang Ang Managing Director Union Energy Group WE on being conferred the Public Service Medal (PBM) at the 2011 National Day Awards With Heartfelt Congratulations from HONG LEONG Standard <2$ DCU phin I im FINANCE Chartered mo Lim (0470)
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  • COMPANY NEWS
    • 691 6  -  Rise could start in Q3 with trade finance loans to exporters of goods to developed markets: JPMorgan By SIOW LI SEN WITH the increased likelihood of a recession setting in and the consequent rise in defaults, bankruptcies and job losses local banks’
      BLOOMBERG  -  691 words
    • 17 6 Branchen Stars R1C-A 05/09/11 129,86 EUR db X-MACRO Trading Index Fund I4D 31/08/11 98,23 GBP
      17 words
    • 909 6  -  HOCK LOCK SIEW By JAMIE LEE DRAW a Venn Diagram to categorise the decisions one makes in life, and these choices would often fall into two neat compartments: the head and the heart. The weary tussle between minority shareholders of now-delist-ed CK
      909 words
    • 557 9  -  Population segment most likely to invest in equities is on the decline: HSBC report By KELLY TAY SINGAPORE’S market valuation may be held down over the coming years, simply because the proportion of its middle-aged share of the population has already peaked in 2005.
      557 words
    • 403 9 Sep 9 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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    • 312 9 COMPANY MEETING PLACE DATE TIME Teckwah Ind E 25 Pandan Crescent #05-15 TIC Tech Centre Singapore *****7 12-Sep 9.00am Frasers CT Trust E Level 2, Alexandra Point 438 Alexandra Rd Singapore *****8 12-Sep 5.00pm Pertama Hldgs E River View Hotel Lily Ballroom, Level 4 382 Havelock Rd Singapore
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    • 61 6 yL' m i R PERTH rU ytoe ttr ovK^ct For your chance to win A$5000 connect at www.redefineperth.com 4 Rediscover Perth. Beyond the pristine beaches, international golf courses and the Pinnacles, Perth is evolving. Let the world-class infrastructure, business networks and unlimited experiences stretch your imagination. Let Perth redefine your
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  • Page 7 Advertisements
    • 227 7 THE STRAITS TIMES. CTPll i u L I < M ii Print. 9 iM f Online. r k ii •A>l THE STRAITS TIMES. ($24.65 per month) A ST Online ($26.65 per month) iPad/iPhone. App (US$27.99 per month**) (est. $35 per month) We're fetching you an All-in-One news experience for just
      227 words

  • SINGAPORE MARKETS
    • 616 8  -  STOCKS R SIVANITHY Senior Correspondent FRIDAY’s column discussed the increasing prevalence of “buy in anticipation” in daily market life these days, which shouldn’t be too surprising given that markets have for many months now been lurching from one bailout or stimulus to
      616 words
    • 488 8 CURRENCIES Reuters [NEW YORK] The euro looks vulnerable this week after falling to its lowest against the dollar in more than six months last Friday in the wake of a European Central Bank (ECB) board member’s resignation and the bank’s
      Reuters  -  488 words
    • 1528 8 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 10.00 0.27 0.20 Amtek Engg 2.00 2.00 5 0.10 5.44 1.00 0.65 ARA Asset Mgt 1.71 1.83 7 8.89 15.70
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    • 543 8 COMMODITIES AFP [LONDON] Gold prices hit fresh record highs last week during a roll-er-coaster week for commodities, as investors tracked growing expectations that the global economy was heading towards fresh recession. Prices took a knock on Friday along with stock markets, in
      AFP  -  543 words
    • 4 8 WEEKLY
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    • 65 8 Sep 9 VALUE CLOSE BT OB/OS 181.00-249.00 BT CADI -*****.00 -69.00 BT 10-day MA -*****.00 +18.00 FTSE ST Mid Cap 650.25 -5.56 FTSE ST Small Cap 440.42 -2.39 FTSE ST All Share 683.61 -7.18 FTSE ST China Top 202.97 -3.41 FTSE ST China 240.79 -3.53 FTSE ST
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    • 58 8 VOLUME Genting SP 654,078,000 Sheng Siong 524,586,000 MDR R 337,030,000 Golden Agri 291,736,000 Noble Grp 244,568,000 TopGlobal W*****9 132,141,000 Artivision 131,228,000 Yangzijiang 124,041,000 SingTel 114,651,000 MDR 96,807,000 VALUE($) Genting SP 1,067,481,527 Keppel Corp 404,355,867 Noble Grp 376,639,424 SingTel 357,519,515 DBS Grp 263,948,775 Sheng Siong 247,112,145 SembMar 229,404,560
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    • 114 8 BY CENTS CLOSE UP GLD 10US$ ***** 378.4 1.7 DBXT AUD Bonds 5AU$ ***** 191.3 0.9 DBXT FTVietnam 10US$ 2855 94.0 2.8 DBXT AUDMM 5AU$ ***** 56.9 0.2 DBS Bk 4.7% NCPS 100 ***** 40.0 0.4 OCBC Bk 4.5%NCPS 100 ***** 40.0 0.4 DBXT S&P Short 10US$ 4572 36.6
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    • 117 8 BY CENTS CLOSE DOWN DBXT E50 10US$ 3301-362.5 -8.3 DBXT MSEurope 10US$ 3989-261.2 -5.1 DBXT MSKorea 10US$ 5361-252.7 -3.7 DBXT SPASX200 10US$ 3266-180.7 -4.3 DBXT MSJAP 10US$ 3552-167.2 -3.7 JMH 5280-146.5 -2.2 Pru 500US$ 911-120.8 -9.8 JSH 2940-105.0 -2.8 Lyxor China H 10US$ 1334-105.0 -6.1 DBXT S&P500 10US$ 1870
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    • 5 8 WEEKLY
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    • 168 10 SEPT 9 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Kangda Food 0.070 16.7 1,820 Pacific Shipping Trust 0.433 5.9 8,660 Golden Agri-Resources 0.665 3.1 18,620 China Sky Chemical 0.107 2.9 1,819 Noble Group 1.595 1.9 17,255 Del Monte Pacific 0.415 1.2 4,150 Pan-United Corp 0.450 1.1 5,400 AIMS
      168 words
    • 158 10 SEPT 9 BID PRICE VALUE WEEK-ON-WEEK CHANGE Longcheer 0.114 10.7 2,166 CSC Holdings 0.104 3.0 5,408 China Sky 0.107 2.9 1,819 Hupsteel 0.190 2.2 5,890 Dapai 0.060 1.7 1,620 Low Keng Huat 0.355 1.4 11,715 Swiber 0.525 1.0 5,250 Sakari Resources 2.640 0.8 13,200 SC Global 1.170
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    • 383 10  -  TEH HOOI LING Senior Correspondent JITTERS again returned to the markets with investors running for cover at the slightest whiff of bad news. Our portfolios slid an average of one per cent last week, outpacing the Straits Times Index decline of 0.64 per cent.
      383 words
    • 170 10 SEPT 9 BID PRICE VALUE WEEK-ON-WEEK CHANGE Longcheer 0.114 10.7 2,166 Courage Marine 0.110 6.8 3,520 Datapulse 0.215 4.9 6,880 GP Industries 0.430 4.9 6,450 Elec Eltek Int'l 3.662 3.1 10,986 Innotek 0.360 1.4 5,040 China Merchants (Pacific) 0.560 0.0 6,160 FJ Benjamin 0.330 0.0 8,250 Nera
      170 words
    • 145 10 SEPT 9 BID PRICE VALUE WEEK-ON-WEEK CHANGE Mirach Energy 0.098 6.5 9,800 China Oilfield Tech 0.037 5.7 2,627 China Energy 0.064 4.9 2,624 HanKore Env 0.045 4.7 4,500 MoyaDayen 0.061 1.7 7,625 Annica 0.019 0.0 3,154 Ausgroup 0.340 0.0 12,580 China Titanium 0.004 0.0 500 Jiutian Chemical
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    • 151 10 sentiment VALUE SEPT 9 BID PRICE WEEK-ON-WEEK CHANGE Longcheer 0.114 10.7 2,166 Sunvic Chemical 0.580 5.5 17,400 China XLX 0.300 5.3 5,100 China Energy 0.064 4.9 2,880 Chemoil Energy 0.348 3.3 10,092 People's Food 0.735 2.8 8,085 Dairy Farm 10.498 2.6 10,498 Cityspring Infra Trust
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    • 165 10 SEPT 9 BID PRICE VALUE WEEK-ON-WEEK CHANGE Golden Agri-Resources 0.665 3.1 18,620 China Sky 0.107 2.9 1,819 Sunningdale Tech 0.109 2.8 5,450 Innotek 0.360 1.4 5,040 Fortune Reit 0.580 1.0 7,540 China Merchants (Pacific) 0.560 0.0 6,160 SanTeh 0.570 0.0 8,550 United Fiber System 0.029 0.0 2,610
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    • 1632 10  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd INSIDER buying fell for the first time in the past five weeks while the selling among directors remained very low, based on filings on the
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  • Page 9 Advertisements
    • 12 9 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices
      12 words
    • 111 9 Finance new opportunities That’s what commercial lenders can do when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world come to us to manage virtually every kind
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  • SINGAPORE NEWS
    • 440 11  -  It takes over an unofficial page that was started in 2006 by a fan By NISHA RAMCHANDANI IN THE five days since Singapore Airlines (SIA) made its social media debut by taking over an unofficial Facebook page, the comments have been coming fast and furious
      440 words
    • 494 11 New round of talks on Trans-Pacific pact underway in Chicago Reuters [WASHINGTON] Business groups on Friday urged the United States and other countries not to weaken a proposed Asia-Pacific free trade deal by excluding certain sectors, like dairy or sugar, from the pact. The groups
      Reuters; AFP  -  494 words
    • 235 11 Bloomberg [LONDON] A basket of emer-ging-market currencies that includes the Indian rupee and Indonesian rupiah followed the Swiss franc’s appreciation against the euro over the past 20 months, according to Citigroup Inc. The basket, which also includes the Singapore dollar
      Bloomberg  -  235 words
    • 1037 11 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 Advanced Hldgs aw 0.200 07-Sep 09-Sep 23-Sep 01-Sep AIMS Amp Cap Ind Reit ag 0.530 02-Aug 04-Aug 14-Sep 27-Jul Amtek Engg
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    • 240 11 PRIME Minister Lee Hsien Loong said yesterday that Singapore has had 10 peaceful years since the 9/11 attacks in the United States as security forces have been working hard to keep Singapore safe and different communities have taken steps to come closer together.
      240 words
    • 173 11 THE government has set aside $12 million over the next five years to boost productivity in the landscape industry. The money will be set aside for initiatives under the Landscape Productivity Roadmap, which aims to grow productivity in the landscape sector by
      173 words
  • Page 11 Advertisements
    • 265 11 Making Products Come To Life. The process behind creating products that sell Product Design Development Management A 5-day Professional Programme from The University of Warwick 18-23 November, 9am 6pm, SIM Headquarters Product Design and Development Management is the key to renewal and regeneration of industry and the long-term competitiveness and
      265 words

  • VIEWS FROM THE TOP
    • 2730 12 THIS WEEK’S TOPIC Ten years on, how have the events of Sept 11, 2001, changed the world? What lessons would you, as a business leader and a citizen of the world, draw from 9/11 and its aftermath? Phillip Raskin Managing Consultant Text 100 (Singapore) AS AN
      AP FILE PHOTO; AFP  -  2,730 words

  • Page 13 Advertisements
    • 177 13 Deutsche Bank db.com WomeninAsianBusinessConference BeyondBoundaries Thursday, 15 September 2011 Marina Bay Sands Keynote Speaker Anshu Jain Head of the Corporate Investment Bank and Member of the Management Board, Deutsche Bank Featured Speaker Dr. Jennifer James Urban Cultural Anthropologist Other speakers and panelists include: Tan Sri Rafidah Aziz Former Minister of
      177 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1195 14  -  You can build a bigger retirement nest egg by using your CPF savings prudently, says TEH SHI NING YOUNG adults already in the workforce will no doubt be familiar with their CPF (Central Provident Fund) accounts, into which a portion of their monthly salary is automatically
      1,195 words
    • 1369 14  -  Playing on the Neopets website helped shape Tham Poh Hong’s investment ideas. STARTING YOUNG By STEPHANIE RIADY DISTRESSED stocks can usually trigger a mass exodus of investors who prefer to sell off existing shares for safer alternatives. For Tham Poh Hong, however, there can hardly be
      ARTHUR LEE  -  1,369 words
    • 341 14 ASK DR INVEST Q: I am keen to start investing in commodities and precious metals. The price of gold is reaching an all-time high. Should I enter the market now? Other than gold, which other precious metals can I invest in and
      341 words
  • Page 14 Advertisements
    • 323 14 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
      323 words

  • ECONOMY WATCH
    • 511 15 Cause of Moody’s likely action is said to be the lenders’ Greek holdings Bloomberg [PARIS] BNP Paribas SA, Societe Generale SA and Credit Agricole SA, France’s largest banks by market value, may have their credit ratings cut by Moody’s Investors Service as soon
      Bloomberg  -  511 words
    • 694 15 AFP [BRUSSELS] After a summer of hell, the eurozone’s divided leaders hit the ground running this week in crunch talks to save Greece from default and tame Europe’s runaway debt crisis. Split over how to address a crisis exacerbated by global economic gloom,
      AFP  -  694 words
    • 421 15 Bloomberg [SYDNEY] Australia’s rise in unemployment last month doesn’t fully reflect the demand for workers in an economy that “continues to outperform” the US and Europe, Treasurer Wayne Swan said. “Recent jobs data has underestimated the strength of demand for labour in
      Bloomberg  -  421 words
  • Page 15 Advertisements
    • 409 15 Lenovo recommends Windows® 7. THE POWER TO PERFORM 9 "SI RFORM n# FOR THOSE WHO DO. MEETS THE STYLE TO PLEASE. LENOVO THINKCENTRE EDGE 91z ||\V W mm i Featuring an infinity glass screen, the sleek and powerful Lenovo ThinkCentre Edge 91z lets you see and do more even using
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  • Page 16/17 Advertisements
    • 167 16/17 I r r. P> 7TwT '•I' 1 H J, -jiL ISM V. t&M&its&m Mi *V v r "^X rfgfe#*^r» juttS t KP, mv V i 1 ill I 111, '1*4. I M iTIli 1 1L 9 /I 5? 5p f -I i* ££S >' p ffi M > %r V.
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  • MALAYSIA
    • 736 18  -  MALAYSIA INSIGHT PAULINE NG KL Correspondent MOBILE prepaid reload cards are selling like hot cakes as users rush to stock up ahead of a plan by telcos to impose a 6 per cent service tax on mobile prepaid services. Card reload salesmen have pointed out
      736 words
    • 585 18 [KUALA LUMPUR] Malaysia’s fascination with shopping malls has turned these properties into highly sought after assets. So far this year, the number of deals involving malls or retail assets has reached a record and there is a possibility that
      585 words
  • Page 18 Advertisements
    • 543 18 .v s Global Entrepolis Singapore 17-20 October 2011 Resorts World Sentosa GES BUSINESS LEADERS SUMMIT 2011 Global Trends, Asian Insights POLICY MAKERS Senator Dato* Sri Idrls Jala Minister n ftime Minister s Office and CEO. Performance Management and Delivery Unit (PEMANDU) Malaysia f-h ML HE Cesar V. Purlslma Secretary erf
      543 words
    • 23 18 3* tk Lianhe Zaobao Which S-chips will be more resilient should global economy worsen? mmnm\ To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      23 words

  • GREATER CHINA
    • 755 19 Aug figures indicate resilience as recovery of US and European economies falters Bloomberg [BEIJING] China’s imports climbed to a record and exports grew more than expected last month, indicating resilience in the world’s second-biggest economy as the US and European recoveries falter. Inbound shipments jumped
      Bloomberg; REUTERS  -  755 words
    • 235 19 Reuters [BEIJING] The Chinese government will give money to some venture capital investment firms in its latest effort to boost the development of what it labels strategic emerging industries. According to a new policy published by China’s Ministry of Finance over the
      Reuters  -  235 words
  • Page 19 Advertisements
    • 402 19 People Strategies for Asia Capitalising on Asia’s Growth Engines Resorts World Sentosa, Singapore, 28 29 September 2011 The Singapore Human Capital Summit 2011 is your opportunity to discover emerging human capital trends that facilitate growth and success for businesses in Asia. At this ultimate networking forum, delegates can look forward
      402 words

  • WORLD
    • 409 20 Reuters [LONDON] Britain’s Finance Minister, George Osborne, is looking at further measures to boost economic growth while sticking with plans to reduce the country’s deficit, a government minister said yesterday. “I know George is looking carefully at a whole new raft
      Reuters  -  409 words
    • 609 20 The government now expects the economy to shrink 5% this year AFP Bloomberg [ATHENS] Greek Finance Minister Evangelos Venizelos yesterday announced new budget cuts totalling around two billion euros (S$3.35 billion) as demanded by the European Union (EU) and the International Monetary Fund
      AFP; Bloomberg  -  609 words
    • 411 20 AP [MONZA, Italy] Sebastian Vettel won the Italian Grand Prix from pole position yesterday, fighting off an audacious challenge from defending champion Fernando Alonso. Vettel’s eighth victory of the year gives the Red Bull driver an opportunity to clinch his
      AP  -  411 words
    • 1839 20 VOL Sep 9 RM +/-(‘000) A M Realty 0.43 unch 0 Abric Bhd 0.29 unch 0 Advance Synerg 0.18 0.01 699 Adventa Bhd 1.55 -0.04 20 Ae Multi Hldgs 0.23 0.04 157 Affin Holdings 2.85 unch 417 Ahmad Zaki Res 0.72 -0.01 62 Aic Corp 1.26 unch 0
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    • 678 21 Stronger yuan may help reflate eurozone: French minister Juppe Reuters [CANBERRA] France yesterday staked the future of the European Union on the fate of the euro, saying the economic and political union at the heart of Europe would be at
      Reuters  -  678 words
    • 521 21 AFP [WASHINGTON] US President Barack Obama, having challenged his Republican foes to pass his US$447 billion jobs plan, finds himself fighting their efforts to break up the package and approve just the parts they like. Republican House Speaker John Boehner and
      AFP  -  521 words
    • 292 21 Bloomberg [PERTH] BHP Billiton Ltd’s coking coal miners in Australia have resumed strikes after failing to agree with management on pay and work conditions, further disrupting the largest exporter of the steelmaking material. “Strikes are continuing and now we are considering an escalation,” said Stephen
      Bloomberg  -  292 words
  • Page 20 Advertisements
    • 169 20 “How Beautiful It Would BeTo Have A Head Full Of Hair...” HAIR LOSS MANAGEMENT Hair Transplantation Follicular Unit Transplantation Strip Technique Minimal Discomfort Maximal hair follicle yield growth Minimal hair follicle waste Minimal downtime Male/Female Pattern Hair Loss Analysis Scalp (frontal hairline/crown) Hair Transplant Eyebrow Transplantation Follicular Unit Extraction (FUE)
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  • Page 21 Advertisements
    • 104 21 LUXURY TOURS TRAVEL PTE LTD a The Leading Operator i'A Established 1985 > > Y^M "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
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  • AVIATION/SHIPPING
    • 480 22 Reuters [CHICAGO] When Boeing Co bagged a US$30 billion Pentagon order for refuelling tankers in February, sceptics said its budget for the programme was unrealistic. But even if its costs exceed internal estimates, many analysts say the company eventually will come out a winner
      Reuters  -  480 words
    • 278 22 SGX '000 Sep 9 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.22 0.01 4 Cosco Corp 1.03 -0.03 ***** CWT Ltd 1.06 -0.02 439 Ezra Hldgs 0.95 0.01 8244 First Ship Lea 0.29 -0.01 101 Freight Links 0.05 unch 603 Grand Banks unch unch 0
      278 words
    • 721 22  -  Creativity and technology are needed to confront challenges By DAVID BRETT The writer is president, Amadeus Asia-Pacific OPERATING a business is tough. No matter the size of the organisation or the sector it operates in, every company faces its own
      721 words
    • 640 22 The country wants to resume crude exports in 2-3 weeks Bloomberg [LONDON] Libya may export a crude-oil cargo this month for the first time since March from the country’s west as the holder of Africa’s biggest oil reserves rebuilds production
      Bloomberg  -  640 words
    • 551 22 AFP [PARIS] Troops from a Spanish warship stormed a pirate skiff in the Gulf of Aden and rescued a French hostage missing from her yacht but found no trace of her husband, the EU anti-pi-racy mission said. As a helicopter kept watch overhead,
      AFP  -  551 words
    • 374 22 AFP [MOSCOW] Russian President Dmitry Medvedev yesterday ordered his government to shut down unreliable airlines after 43 people were killed in a chartered plane crash that wiped out a top hockey team. The decision came as the nation mourned the latest in a
      AFP; AP  -  374 words
  • Page 22 Miscellaneous
    • 315 22 CRYPTIC CROSSWORD Across 1 Imposing, most of place where the US Masters golf is played (6) 4 One holding a sword, blackleg confronting poet (8) 9 Mean and waspish? (6) 10 Celebrity wearing badly torn accessory (8) 11 More than one museum in large isle abroad (9) 13 Commander elected
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  • DINING OUT
    • 873 23 The chefs at Hinoki will tailor a menu to suit your budget and still delight. By CHEAH UI-HOON Hinoki Japanese Restaurant 22 Cross Street #01-50/53 China Square Central, South Bridge Court Tel: 6536-7746 AS FAR as sushi chefs go, Gary Ng has to be one of the most
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    • 505 23  -  By Jaime Ee NEW RESTAURANT Sque Rotisserie Alehouse #01-70 The Central 6 Eu Tong Sen Street Tel: 6222-1887 LIKE the name says, what you see is what you get. At Sque (pronounced “skew”, geddit), the menu is in the name. Grilled beef and pork
      505 words
  • Page 23 Advertisements
    • 189 23 Brought to you by u iu yuu uy "The Impact of AEC 2015 on the ASEAN Food Industry" 21 September 2011 Queen Sirikit National Convention Center Bangkok, Thailand The latest information on this major economic development and how it will affect everyone in the industry will be discussed ASEAN Focus
      189 words
    • 596 23 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OIL PALM PRODUCTS (S) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Company No: *****4782D) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of
      596 words
    • 1036 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERNATIONAL FULFILMENT SERVICES PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No: *****4165Z) (“the Company”) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Cap 50., the Final
      1,036 words

  • SINGAPORE STOCKS
    • 8598 24 Week ended: Sep 9 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 12 8Telecom 13 +0.2 7 13 13 11 14.7 7.8 4.7 2.7 62.3 9.5 4.5 A-Sonic 5 -0.2 275 5
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    • 1609 25 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 $mil 34 13.7 t 800 Super 15 -0.6 745 16 13.7 15 16 4.7 3.7 5.8 26.8 5.5 3.7 t AA Grp 4 2.7 3.9
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    • 118 25 Stock name Close Change CapMallsAsia 1.330 -0.015 CapitaLand 2.640 -0.070 CapitaMall 1.905 -0.025 CityDev 10.160 -0.140 ComfortDelGro 1.360 +0.010 DBS Grp 12.780 -0.250 F&N 5.750 -0.050 GLP 1.745 -0.035 Genting SP 1.700 +0.010 Golden Agri 0.670 +0.010 Stock name Close Change HK Land 5.630 -0.110 JMH
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    • 2619 25 Transaction date: Sep 9 HONG KONG Vol HK$ +/-'000 Aeon Credit 5.81 0.01 6 Aeon Stores 17.90 -0.30 25 Angang Steel 5.67 -0.09 2582 Anhui Conch 26.70 -0.25 ***** Anhuiexpresswa 4.43 -0.15 1036 Asia Satellite 16.00 unch 0 Asm Pacific 80.85 -0.30 321 Bank Of E Asia 28.85
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    • 255 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A39cd 37.5 42.5 3.6 9 3.1 101.6 55 29.5 Genting HK US$ US35 -0.5 ***** 36 33 34.5 35 2304.6 20.5 10 OGL Resources
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    • 186 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 12 1 0 0 0 4 12 1 Manufacturing 62 101 39 2 12 7 64 113 46 Commerce 20 40 16 5 9 2 25 49 18 Tpt/Stor/Comms 16 23 7
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    • 913 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 130 +5 47 130 130 115 125 593.4 1261 950 CIMBAsean40 100US$ US1020 -7 28 1033 1006 1018 1022 40.8
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    • 121 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 142,692 142,692 570,225 570,225 Manufacturing 813,745 44,706 858,451 811,121 504 811,625 Commerce 961,483 36,624 998,107 853,519 2,656 856,175 Tpt/Stor/Comms 568,027 8,312 576,339 863,500 585 864,085 Finance 81,793 251 82,044 788,258 54 788,312 Construction 146,198 45,279
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  • Page 25 Advertisements
    • 26 25 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 26 In local curr In S$ In US$ dy yr dy yr dy yr Sep 9 Index Change Change Change Change Change Change World Index Preliminary 788.7 -2.0 -12.1 -1.5 -14.8 -2.6 -11.0 EAFE Preliminary 660.1 -2.0 -17.6 -2.2 -18.8 -3.3 -15.2 Europe Preliminary 950.1 -3.0
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    • 77 26 CRUDE OIL PRODUCTS Sep 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.12 0.35 WTI (Near Mth) 88.76 -0.47 Dubai (1-Mth F) 110.07 2.01 Tapis blend 123.84 2.06 Minas 117.89 1.36 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.39 1.17 Jet Kerosene 127.50 0.86 US$/barrel Opec Oil
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    • 156 26 Sep 10 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 11 470.0 470.0 470.0 5 359 Nov 11 470.0 469.5 469.8 6 324 Dec 11 470.1 504 Jan 12 471.5 339 Feb 12 472.3 249 Mar 12
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    • 99 26 As on 9 September 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold OCT-11 1878.80 1842.00 1860.30 1855.3 Silver DEC-11 42.195 41.455 41.745 42.535 Gold DEC-11 1888.00 1831.60 1847.30 1857.6 CURRENCY GBP-US Dollar SEP-11 1.5976 1.5953 1.5959 1.5976 Euro-US Dollar SEP-11 1.3936 1.3638 1.3706
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    • 107 26 Sep 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 11 1416.50 1407.25 1416.50 1402.50 Nov 11 1426.75 1418.25 1429.00 1412.75 Jan 12 1436.75 1428.50 1438.75 1423.00 Mar 12 1442.50 1434.75 1444.50 1428.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 11 58.20
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    • 81 26 Sep 9 Sep 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 08.12.2011 0.18 1-Year BY*****X 02.05.2012 0.20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.75 5-Year N*****0W 1.125 01.04.2016 102.84 103.05 103.00
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    • 442 26 Sep 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6450 0 2503 Dec11 99.4750 0 4126 Mar12 99.4650 0 1315 Jun12 99.4850 0 1446 EUROYEN TIBOR FUTURES Sep11 99.6775 0 1597 Dec11 99.6800 99.6800 99.6800 99.6875 0 2299 Mar12 99.6875 0 2338 Jun12 99.6850 0
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    • 121 26 As at 9am Sep 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.317 1.255 Can dollar 1.252 1.204 Euro 1.722 1.656 Sterling pound 1.976 1.9 NZ dollar 1.042 0.993 US dollar 1.231 1.184 Local dollars to 100 units of foreign
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    • 27 26 Sep 9 Open High Sett STI Sep 2825 SIMSCI Sep 328.1 328.5 322.6 Taiwan Sep 266.7 271.2 268.3 Source: MF Global (S) Pte Ltd
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    • 2305 26 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 6 -4 27 1 150 37 19.00 32 ASJ Hldgs W*****1 0.5 1 4 12 8.00 5 AlliedTech W*****2 1.7 1 4 26 Aztech Grp W*****3 0.6 1
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    • 154 26 Sep 9 $S Offer Bid 0vernight 0.02 0.01 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.02 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12
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    • 463 26 Sep 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.048 6.762 0.764 8.250 49.188 90.810 0.821 11.408 3.178 1.272 92.727 45.027 1.293 7.664 0.927 30.935 31.816 0.663 1.059 Canada 0.954 6.453
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    • 85 26 Sep 9 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 138 26 Sep 9 GOLD (US$/oz) Sep 09 Sep 08 Hong Kong 1883.00 1844.00 Sep 08 Sep 09 London 1856.39 1856.30 1857.80 1857.05 Source: Thomson Reuters CAST BAR Sep 09 (S$) Selling Buying Kilobar 78,392.48 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 176 73 5gm 499 366 10gm 891
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    • 70 26 Sep 9 Sep Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2332.50 2386.00 3 months 2367.00 2420.00 Copper, Grade A (US$/tonne) Cash 8799.75 9096.25 3 months 8821.00 9115.00 Lead (US$/tonne) Cash 2473.25 2508.75 3 months 2449.50 2490.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • 156 26 Sep 9 Sep 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2926 1.2938 1.0589 1.0590 Canadian dollar 1.2330 1.2350 1.0101 1.0109 Euro 1.6921 1.6938 1.3862 1.3864 NZ dollar 1.0161 1.0176 0.8324 0.8329 Sterling pound 1.9482 1.9502
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    • 22 26 Sep 9 S$ Bid Offer 1-month 1.2207 1.2217 2-months 1.2205 1.2217 3-months 1.2200 1.2213 6-months 1.2178 1.2191 Source: OCBC
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    • 67 26 Sep 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3140 3130 3140 3120 380 1709 Oct 11 3085 3087 3100 3079 1658 ***** Nov 11 3039 3050 3060 3033 7895 ***** Dec 11 3033 3039
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    • 82 26 Sep 9 COCOA (£/tonne) Close Prev High/Low Sep 11 1815 unch 1830/1814 Dec 11 1856 1861 1872/1854 Mar 12 1883 1888 1899/1882 May 12 1897 1902 1910/1897 COFFEE (US$/tonne) Close Prev High/Low Sep 11 2128 2189 2158/2121 Nov 11 2171 2219 2204/2152 Jan 12 2195 2242 2227/2178 Mar 12
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  • 5088 27 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
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  • Page 27 Advertisements
    • 41 27 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 To All Shipping Advertisers: Please call Joe Wong at 9620 1327
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 723 29  -  More small firms here are keen on storage, EMC Singapore’s MD tells VICTORIA HO WHILE large organisations continue to invest in storage, the world’s top storage major, EMC Corporation, is seeing a growing pool of smaller companies contributing to its bottom line, says Singapore
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    • 687 29  -  Downloads are expected to reach 14b by 2016 By AMIT ROY CHOUDHURY THE buzzword is mobile as the dawn of the post-PC world starts and the numbers back this up. The preference for mobile devices is evident in the
      687 words
    • <what’s up>
      • 56 29 SONY has released three home audio and video products: a Wi-Fi capable Blu-ray 3D player (BDP-S485K) and two portable DVD players. The DVP-FX770 is a seven-inch player and the DVP-FX970 (above) has a nine-inch screen The players retail at $229 and $329, respectively, and the
        56 words
      • 42 29 ADOBE has appointed Siva Ganeshanandan as the director of its Online Marketing Suite product for Asia-Pacific and Japan. He will work at driving sales for the product, which is targeted at marketing departments, in the region.
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      • 36 29 INTEL has appointed Collin Tan to head Singapore. He has been with the company since 2003 in sales roles and will now be responsible for growing Intel’s business here.
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      • 52 29  -  Compiled by VICTORIA HO CANON has launched an app for the iPhone which allows corporate customers to order paper supplies from their devices. The app will display order history and will generate invoices for companies. Search for the Canon Order Express app on the
        52 words
    • 1090 29  -  By AMIT ROY CHOUDHURY THE current economic woes may have caught up with the global semiconductor industry. In its August forecast, SEMI, the global semiconductor industry body, has revised fab equipment spending growth downward to 23 per cent from its May prediction of
      1,090 words
    • 384 29 AFP [SAN FRANCISCO] Smartphone titan HTC Corp last week ramped up its patent war with Apple with the help of ammunition provided by Google, the force behind Android mobile software. Google last week transferred to HTC a set of patents that the
      AFP  -  384 words

  • Page 30 Advertisements
    • 601 30 Top selling project in August. Over 480 units so ••i m 5 wz A 3 1 I r I Empower your unique lifestyle at the euHabitat SOHOS Bedok Reservoir Bedok Reservoir P ar/&lt; Temasek Polytechnic To IKEA, Courts Megastore and Giant Hypermarket Kaki Bukit u/c Bedok North Secondary School Bedok
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