The Business Times, 12 September 2011
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2011-09-12
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The Business Times
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Title Section23 2011-09-12 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
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Article, Illustration812 2011-09-12 1 LEE U-WEN - 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 theREUTERS - 812 words
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898 2011-09-12 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 aBloomberg - 898 words
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Article158 2011-09-12 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 +156.77158 words
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Page 1 Advertisements
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Advertisement6 2011-09-12 1 DINING OUT Creatively custom-made PAGE 236 words
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Advertisement11 2011-09-12 1 BizIT EMC grows small firm customer base PAGE 29 *****1 *****411 words
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Advertisement57 2011-09-12 1 VIEWS FROM THE TOP What have we learnt from 9/11? PAGES 12 13 HOCK LOCK SIEW CK Tang’s delisting: a curious case of irrationality PAGE 6 LIVE FOR GREATNESS THE LADY-DATEJUST PEARLMASTER 4 W r '5TER a ar J* e •6Cortina watch Paragon, #01-13. Tel: 6235 0084 Raffles City Shopping57 words
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TOP STORIES
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Article582 2011-09-12 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 banking582 words
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Article, Illustration877 2011-09-12 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 IncBloomberg; AFP - 877 words
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Article, Illustration409 2011-09-12 2 ANTONY CURRIE - 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 theREUTERS - 409 words
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562 2011-09-12 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 CentralReuters - 562 words
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Article1192 2011-09-12 4 FELDA CHAY - 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 a1,192 words
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Article, Illustration406 2011-09-12 4 PIERRE BRIANCON - 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 itsREUTERS - 406 words
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Page 2 Advertisements
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Advertisement138 2011-09-12 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.138 words
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Advertisement138 2011-09-12 3 SarasIN From Every Angle we Construct a Sustainable Vision for Your Wealth As a leading Swiss private bank and pioneer in the field of sustainable investment, Sarasin is known for its innovative approach. It's part of our heritage to consider private banking from every angle to construct a wealth management138 words
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Advertisement46 2011-09-12 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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Advertisement42 2011-09-12 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)42 words
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COMPANY NEWS
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Article, Illustration691 2011-09-12 6 SIOW LI SEN - 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
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Article17 2011-09-12 6 Branchen Stars R1C-A 05/09/11 129,86 EUR db X-MACRO Trading Index Fund I4D 31/08/11 98,23 GBP17 words
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909 2011-09-12 6 JAMIE LEE - 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 CK909 words
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557 2011-09-12 9 KELLY TAY - 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
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Article403 2011-09-12 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 of403 words
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Article312 2011-09-12 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 Singapore312 words
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Advertisement61 2011-09-12 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 your61 words
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Advertisement227 2011-09-12 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 just227 words
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SINGAPORE MARKETS
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Article, Illustration616 2011-09-12 8 R SIVANITHY - 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 to616 words
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488 2011-09-12 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’sReuters - 488 words
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Article1528 2011-09-12 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 15.701,528 words
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543 2011-09-12 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, inAFP - 543 words
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Article65 2011-09-12 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 ST65 words
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Article58 2011-09-12 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 229,404,56058 words
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Article114 2011-09-12 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 36.6114 words
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Article117 2011-09-12 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$ 1870117 words
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Article168 2011-09-12 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 AIMS168 words
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Article158 2011-09-12 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 1.170158 words
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Article, Illustration383 2011-09-12 10 TEH HOOI LING - 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
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Article170 2011-09-12 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 Nera170 words
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Article145 2011-09-12 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 Chemical145 words
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151 2011-09-12 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 Trust151 words
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Article165 2011-09-12 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 2,610165 words
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1632 2011-09-12 10 ROBERT HALILI - 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 the1,632 words
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Advertisement12 2011-09-12 9 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices12 words
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Advertisement111 2011-09-12 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 kind111 words
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SINGAPORE NEWS
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Article440 2011-09-12 11 NISHA RAMCHANDANI - 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 furious440 words
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Article, Illustration494 2011-09-12 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 groupsReuters; AFP - 494 words
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235 2011-09-12 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 dollarBloomberg - 235 words
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Article1037 2011-09-12 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 Engg1,037 words
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240 2011-09-12 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
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173 2011-09-12 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 by173 words
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Page 11 Advertisements
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Advertisement265 2011-09-12 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 and265 words
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VIEWS FROM THE TOP
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Article, Illustration2730 2011-09-12 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 ANAP FILE PHOTO; AFP - 2,730 words
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Page 13 Advertisements
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Advertisement177 2011-09-12 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 of177 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1195 2011-09-12 14 TEH SHI NING - 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 automatically1,195 words
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Article, Illustration1369 2011-09-12 14 STEPHANIE RIADY - 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 beARTHUR LEE - 1,369 words
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341 2011-09-12 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 and341 words
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Page 14 Advertisements
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Advertisement323 2011-09-12 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 Apple323 words
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ECONOMY WATCH
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Article, Illustration511 2011-09-12 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 soonBloomberg - 511 words
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694 2011-09-12 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
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421 2011-09-12 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 inBloomberg - 421 words
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Page 15 Advertisements
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Advertisement409 2011-09-12 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 using409 words
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Advertisement167 2011-09-12 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.167 words
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MALAYSIA
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Article, Illustration736 2011-09-12 18 PAULINE NG - 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 out736 words
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585 2011-09-12 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 that585 words
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Page 18 Advertisements
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Advertisement543 2011-09-12 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 erf543 words
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Advertisement23 2011-09-12 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.sg23 words
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GREATER CHINA
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Article, Illustration755 2011-09-12 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 jumpedBloomberg; REUTERS - 755 words
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235 2011-09-12 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 theReuters - 235 words
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Page 19 Advertisements
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Advertisement402 2011-09-12 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 forward402 words
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WORLD
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Article, Illustration409 2011-09-12 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 raftReuters - 409 words
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609 2011-09-12 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 FundAFP; Bloomberg - 609 words
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411 2011-09-12 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 hisAP - 411 words
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Article1839 2011-09-12 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 01,839 words
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Article, Illustration678 2011-09-12 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 atReuters - 678 words
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521 2011-09-12 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 andAFP - 521 words
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Article292 2011-09-12 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 StephenBloomberg - 292 words
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Page 20 Advertisements
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Advertisement169 2011-09-12 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)169 words
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Page 21 Advertisements
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Advertisement104 2011-09-12 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 services104 words
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Advertisement33 2011-09-12 21 f IS J W 'W 2 I fW P Be Vigilant. Be Resilient. Be United Against Terrorism. 5s HI :V:: ASAS !::ri Be as One. 75/ UR> 1 RD\ NATIONAL SECURITY COORDINATION SECRETARIAT33 words
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AVIATION/SHIPPING
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Article, Illustration480 2011-09-12 22 Reuters [CHICAGO] When Boeing Co bagged a US$30 billion Pentagon order for refuelling tankers in February, sceptics said its budget for the programme was unrealistic. But even if its costs exceed internal estimates, many analysts say the company eventually will come out a winnerReuters - 480 words
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Article278 2011-09-12 22 SGX '000 Sep 9 S$ +/-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 0278 words
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721 2011-09-12 22 DAVID BRETT - 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 own721 words
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640 2011-09-12 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 productionBloomberg - 640 words
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551 2011-09-12 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
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Article, Illustration374 2011-09-12 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 aAFP; AP - 374 words
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Page 22 Miscellaneous
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Miscellaneous315 2011-09-12 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 elected315 words
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DINING OUT
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Article, Illustration873 2011-09-12 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 most873 words
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Article, Illustration505 2011-09-12 23 Jaime Ee - 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 pork505 words
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Advertisement189 2011-09-12 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 Focus189 words
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Advertisement596 2011-09-12 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 of596 words
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Advertisement1036 2011-09-12 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 Final1,036 words
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SINGAPORE STOCKS
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Article8598 2011-09-12 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 58,598 words
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Article1609 2011-09-12 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 $mil 34 13.7 t 800 Super 15 -0.6 745 16 13.7 15 16 4.7 3.7 5.8 26.8 5.5 3.7 t AA Grp 4 2.7 3.91,609 words
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Article118 2011-09-12 25 Stock name Close Change CapMallsAsia 1.330 -0.015 CapitaLand 2.640 -0.070 CapitaMall 1.905 -0.025 CityDev 10.160 -0.140 ComfortDelGro 1.360 +0.010 DBS Grp 12.780 -0.250 F&N 5.750 -0.050 GLP 1.745 -0.035 Genting SP 1.700 +0.010 Golden Agri 0.670 +0.010 Stock name Close Change HK Land 5.630 -0.110 JMH118 words
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Article2619 2011-09-12 25 Transaction date: Sep 9 HONG KONG Vol HK$ +/-'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 28.852,619 words
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Article255 2011-09-12 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 Resources255 words
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Article186 2011-09-12 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 7186 words
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Article913 2011-09-12 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 40.8913 words
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Article121 2011-09-12 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 45,279121 words
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Advertisement26 2011-09-12 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 TIMES26 words
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FINANCE & COMMODITIES
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374 2011-09-12 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 -3.0374 words
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Article77 2011-09-12 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 Oil77 words
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Article156 2011-09-12 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 12156 words
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Article, Illustration99 2011-09-12 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 1.370699 words
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Article107 2011-09-12 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 58.20107 words
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Article81 2011-09-12 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 102.84 103.05 103.0081 words
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Article442 2011-09-12 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 0442 words
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Article121 2011-09-12 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 foreign121 words
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Article27 2011-09-12 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 Ltd27 words
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2305 2011-09-12 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 12,305 words
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Article154 2011-09-12 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 12154 words
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Article463 2011-09-12 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 6.453463 words
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Article85 2011-09-12 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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article138 2011-09-12 26 Sep 9 GOLD (US$/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 891138 words
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Article70 2011-09-12 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$/tonne) Cash70 words
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Article156 2011-09-12 26 Sep 9 Sep 9 Against S$ 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 1.9502156 words
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Article22 2011-09-12 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: OCBC22 words
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Article67 2011-09-12 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 303967 words
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Article82 2011-09-12 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 1282 words
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5088 2011-09-12 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 Destination5,088 words
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Advertisement41 2011-09-12 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 132741 words
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Advertisement28 2011-09-12 28 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES28 words
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Advertisement18 2011-09-12 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE -.THE BUSINESS TIMES SHIPPING TIMES18 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration723 2011-09-12 29 VICTORIA HO - 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 Singapore723 words
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687 2011-09-12 29 AMIT ROY CHOUDHURY - 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 the687 words
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<what’s up>
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Article, Illustration56 2011-09-12 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 the56 words
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42 2011-09-12 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.42 words
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36 2011-09-12 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.36 words
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52 2011-09-12 29 VICTORIA HO - 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 the52 words
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1090 2011-09-12 29 AMIT ROY CHOUDHURY - 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 of1,090 words
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384 2011-09-12 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 theAFP - 384 words
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Advertisement601 2011-09-12 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/< Temasek Polytechnic To IKEA, Courts Megastore and Giant Hypermarket Kaki Bukit u/c Bedok North Secondary School Bedok601 words
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