The Business Times, 28 May 2012

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Total Pages: 34
1 34 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, May 28, 2012G
    25 words
  • 1075 1  -  It shows rising proportion of single-mortgage cases for S’poreans/PRs By KALPANA RASHIWALA [SINGAPORE] It appears people with existing home loans are not going back so often for more. In contrast, those without outstanding mortgages now take up a higher share of private home loans.
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  • 660 1  -  Sylvia Lim says it had not expected 60% mark to be breached By LEE U-WEN [SINGAPORE] Breaching the 60 per cent barrier in Saturday’s Hougang byelection was beyond the Workers’ Party’s (WP) own expectations, said party chairman Sylvia Lim yesterday. She was speaking to reporters
    BETTY CHUA/LIANHE ZAOBAO  -  660 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 2,772.75 -6.35 KL COMP 1,551.12 +18.66 NIKKEI 225 8,580.39 -30.92 HANG SENG 18,713.41 -238.44 SET INDEX 1,132.83 -21.61 JAKARTA COMP 3,902.51 -77.99 MANILA COMP 4,925.97 +46.55 SEOUL COMP 1,824.17 +41.7 SHENZHEN B 628.28 -2.84 MUMBAI IND 16,217.82 +65.07 DOW 12,454.83 +85.45 NASDAQ 2,837.53 +58.74 S&P
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    • 18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 0.50 TAIWAN 5.036 JAPAN 1.475 KOREA Source: Bloomberg
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    • 49 1 us$ s$ US$ (S$ per US$) 1.279 (US$/S$ per 1.568 2.005 EURO (US$/S$/E) 1.258 1.609 Foreign currency per US$ S$ YEN 79.60 62.30 RM 3.158 2.469 HK$ 7.762 6.070 BAHT 31.67 24.76 RUPIAH 9,330 7,296 RENMINBI 6.346 4.963 INDIAN RUPEE 55.38 43.30 A$ 1.022 0.799 NZ$ 1.321 1.033
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  • TOP STORIES
    • 1101 2  -  But HK may be closing gap given its proximity to China and its bid for LME By LIM WEI SHENG [SINGAPORE] Singapore is still on track to cement its position as an Asian hub for major metals and minerals traders, despite fierce
      BLOOMBERG  -  1,101 words
    • 568 2 Credit data indicates property moves work IT seems that people with existing home loans on their books are not going back so often for more. In contrast, those without outstanding mortgages now take up a higher share of private home loans. The latest figures from Credit Bureau (Singapore)
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    • 846 2  -  Upbeat outlook for US economy clouded by European crisis WALL STREET INSIGHT By ROB CURRAN ONCE again, the euro hangs in the balance and with it, the future of the US economy and stock market. If it were not for the crumbling superstate across
      AP  -  846 words
    • 784 4 Investors including Faber-backed fund eye 30% returns but heavy risks exist Reuters [SINGAPORE/HONG KONG] Hong Kong’s Cube Capital and Marc Faber-backed Leopard Capital are among Asian private equity firms lining up nearly US$500 million aimed at Myanmar, hoping to tap into its
      Reuters; BLOOMBERG  -  784 words
    • 651 4 Retailers go into overdrive for diamond jubilee AFP [LONDON] Her face looms from the shelves on everything from biscuit tins to ashtrays; with celebrations for her diamond jubilee in full swing, Britain’s monarch reigns supreme over the souvenir market. Retailers have gone into royal
      AFP; REUTERS  -  651 words
  • Page 2 Advertisements
    • 85 2 Start A Profitable Business in Singapore and 18 other Countries "GLOBAL ENTREPRENEUR Program is unique, with a PROVEN Step-by-Step road map to start your business. 11 FREE SEMINAR Why ‘Business is Booming’ NO EXPERIENCE Required Earn as you Learn To register, e-mail <name> ccontact number> <Seminar date> to steve@americaniie.com or
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    • 46 2 GROUP TOUR SPECIALIST Retreats Meetings Team Building Incentive Tours Taylormade Gol£ Trips East West Malaysia Hong Kong Indonesia Thailand Vietnam Cambodia Macau China We are looking forward to get a challenging assignment from you I Luxury Tours Travel Pte Ltd mice@luxury.com.sg s www.luxury.com.sg Tel: 6309 0850
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  • Page 4 Advertisements
    • 165 4 An njouao/e nricfiing xcelleni duuard 3e oem© xperience Edward de Bono's Thinking Camp presented by "CoRT®* has considerableX impact on thinking. Intelligence can be taught by CoRT®. Edward de Bono Asian Academy "I would y David Perkins Harvard Graduate School of Education *an Edward g> emus (SreatMt kV introduce XX
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  • Page 5 Advertisements
    • 89 5 II When I review my insurance policies, I expect the process to be simple, not complicated." Zurich has 140 years of experience and over 60,000 employees serving customers worldwide. If you're unsure whether you are under-insured or over-insured, speak to our network of financial professionals who can advise you, and
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  • SINGAPORE MARKETS
    • 591 6  -  STOCKS R SIVANITHY Senior Correspondent CLEARLY, markets have entered a new phase of volatility where fear has replaced complacency. Greece’s elections earlier this month, casting doubt on the country’s continued euro membership, have raised the big question: Can European politicians and monetary authorities
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    • 590 6 COMMODITIES AFP [LONDON] Many commodity markets sank last week to fresh multi-month lows, as the dollar surged to 22-month peaks against the euro on mounting fears that Greece could be heading for the eurozone exit. “The ongoing uncertainty over the eurozone debt crisis
      AFP  -  590 words
    • 623 6 CURRENCIES Bloomberg [NEW YORK] The euro had its biggest weekly loss since December against the dollar as Greece’s anti-bailout party gained in the polls and amid a deepening crisis in Spain. The shared currency fell for a fifth week versus the yen, the longest stretch
      Bloomberg  -  623 words
    • 1427 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 Ind REIT 2.00 2.00 2 10.00 11.20 1.42 1.13 Amtek Engineering 1.60 2.20 5 0.07 7.70 0.93 0.65 ARA Asset Mgt 1.33 1.50 9
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    • 4 6 WEEKLY
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    • 66 6 May 25 VALUE CLOSE BT OB/OS -732.00 +212.0 BT CADI -*****.00 -2.00 BT 10-day MA -*****.00 -74.00 FTSE ST Mid Cap 643.80 +1.41 FTSE ST Small Cap 420.15 +0.39 FTSE ST All Share 670.94 -1.02 FTSE ST China Top 193.10 +0.57 FTSE ST China 220.96 -0.71 FTSE
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    • 57 6 VOLUME GSH Corp 1,223,117,000 TT Intl 314,987,000 Golden Agri 267,942,000 NexGenSCom 251,303,000 Noble Grp 222,004,000 Olam 181,193,000 Swee Hong 167,267,000 ChinaFashion 147,716,000 Genting SP 142,881,000 AddvalTech 141,021,000 VALUE($) SingTel 333,619,347 Olam 314,642,585 DBS Grp 292,209,828 Noble Grp 240,585,245 Genting SP 217,094,970 Golden Agri 174,537,368 Keppel Corp 169,968,935
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    • 115 6 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 1181.4 4.3 IS S&P500 ***** 329.9 2.0 DBXT iBoxxUSTr 5US$ ***** 168.8 0.6 DBXT MSEurope 10US$ 3926 89.5 1.8 DBXT FTVietnam 10US$ 2461 78.0 2.5 DBXT MSKorea 10US$ 5141 78.0 1.2 Hyflux 6% CPS 10 ***** 66.0 0.6 DBXT AUD Bonds
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    • 129 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 8759 -363.1 -3.1 GLD 10US$ ***** -313.3 -1.6 DBXT MSUSA 10US$ 3189 -240.4 -5.6 DBXT SPASX200 10US$ 2985 -191.8 -4.8 DBXT STGLDv100 10US$ 2631 -164.9 -4.7 DBXT DBCBDJUBS 10US$ 3124 -158.5 -3.8 DBXT S&P500 10US$ 2128 -143.2 -5.0 DBXT MSTHAI 10US$ 1693
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    • 5 6 WEEKLY
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    • 1982 8  -  Four companies execute five sales valued at $5.7m INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited BUYING in the Singapore stock market stayed high last week, continuing a trend started two weeks earlier. Directors, after posting no sales
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    • 1385 8 Payment Ex Books Pay Ann (cts) date close date date ABR Hldgs ak 1.000 04-May 08-May 28-May 13-Apr Action Asia ak 0.800 14-Jun 18-Jun 28-Jun 28-Mar AEM Hldgs aw 0.350 01-Aug 03-Aug 17-Aug 14-May AIMS Amp Cap Ind Reit cn 2.700 02-May 04-May 19-Jun 23-Apr Amara Hldgs an
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  • COMPANY NEWS
    • 703 7  -  It is searching for new CEO, planning to engage with younger members By LYNETTE KHOO It is no one-man’s job at Singapore’s national accountancy body as it undergoes a major makeover to become a professional body with a global membership and outlook, said its president
      YEN MENG JIIN  -  703 words
    • 293 7 May 25 BANKS Agricultural Bank Of China 5.5 Agricultural Bank Of China 5.5 Banco Bilbao Vizcaya 6 Arab Bank PLC Bank Julius Baer Co. Ltd(S) 5 Banco Bilbao Vizcaya Bank of China Limited 5.5 Bank of Communications 5.5 6 Bank Julius Baer Co. Ltd(S)... Bank of New
      293 words
    • 278 7 COMPANY MEETING PLACE DATE TIME Pacific HC A Orchard Hotel Singapore, 442 Orchard Road, Singapore *****9 28-May 10.00am Shangri-La Asia A Island Ballroom, Level 5, Island Shangri-La Hotel, Pacific Place, Supreme Court Road, Central, Hong Kong 28-May 10.30am Oceanus Grp A Grand Ballroom, Level 5, Furama City Centre,
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    • 581 9  -  Boost from rising mobile data usage and ongoing NBN roll-out By MALMINDERJIT SINGH THE telco industry in Singapore is expected to be stable in the next 12 months, as analysts highlight the companies’ defensive earnings as a strength that will withstand any likely margins
      BLOOMBERG  -  581 words
    • 636 9  -  Revenue up on better control of raw material costs By MALMINDERJIT SINGH LEADING Japanese restaurant chain in Singapore, Japan Foods Holding Ltd, yesterday reported a 49.7 per cent jump in net profit to $3.7 million for the financial year ended March 31, against
      636 words
    • 609 10  -  SIA only other homegrown name in top 10 of Superbrands survey By MALMINDERJIT SINGH ITS mio TV cable television service may have received some flak of late, but that has not stopped SingTel from emerging as the most respected homegrown brands in the latest
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  • Page 7 Advertisements
    • 139 7 Tomorrow needs commitment \y'\ V 4' 1 r-: I SSH SSS /I lif-im a SiZ U n is I K Se ,-vas 111 ■C "1*5 s*v? St sa s* iJSSBr m iss t. > TS-T 1 •r *v 8S< h i v <~ ji •.'< !>'■ 1 Vv *'.i Vh
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  • Page 8 Advertisements
    • 222 8 RAFFLES CONVERSATIONS 2 0 11 EDITI O N The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age MARC BENIOFF “We have always believed that everything was going into the cloud, because it was a model that allowed everyone to succeed.” SHIRISH
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  • Page 9 Advertisements
    • 201 9 Nurturing Financial Leaders of Tomorrow The FSDF Finance Scholarship Programme (FSP) he global financial services industry, where Singapore plays an important role in Asia, has grown in size, sophistication and complexity.With the fast changing landscape, grooming the right talent has become even more critical. The best and the brightest finance
      201 words

  • Page 10 Advertisements
    • 1115 10 tt it jj HANG SENG BANK a a Managing wealth for gou, with gou. (Incorporated in Hong Kong SAR with limited liability) Publication pursuant to Section 25(2) of the Banking Act CONSOLIDATED INCOME STATEMENT Year ended 31 December Operating expenses (7,898) (7,355) Impairment loss on intangible assets (78) CONSOLIDATED BALANCE
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  • EMERGING ENTERPRISE 2012
    • 1016 11  -  Main clients of mobile-payment solutions provider Tagit are banks in S’pore and other parts of the world, reports TIMOTHY LOH TIMOTHY LOH NAVTEJ Singh, CEO and co-founder of Tagit, was a very happy man when the first iPhone was released. That is because before iPhone
      YEN MENG JIIN  -  1,016 words
    • 759 12  -  The cleaning equipment builder ventured into aerospace engineering with JCS-Vanetec, says EDWIN LOH EDWIN LOH THE sky was the limit when eight years ago, Jason Yeo, CEO of cleaning equipment builder and clean room service provider JCS Group, decided to leverage on the group’s
      YEN MENG JIIN  -  759 words
    • 1292 12  -  Intero was launched with low start-up capital and little financing support in an industry that is highly competitive, says JASMINE NG JASMINE NG ABED with soft sheets and downy pillows certainly looks very inviting, but bedding company Intero Enterprise says its business
      PHOTO: YEN MENG JIIN  -  1,292 words
  • Page 11 Advertisements
    • 721 11 CUTTING-EDGE STRATEGIES FOR WORKPLACE SUCCESS Who should attend: Sales Managers, Account Managers/ Executives, Social Media Specialists, PMEBs, Directors, Team Leaders and other General Management Professionals Register at www.stjobs.sg/seminars STJOBS FULL-DAY WORKSHOPS 11 May, 2012 (Fri) 25 May, 2012 (Fri) Workshop A 21st Century Sales Leadership Skills SPH News Centre (9.00
      721 words


  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 910 13  -  Show me the money? Entrepreneurs don’t always look at financial rewards as the best thing in being their own bosses, reports ALVIN LEE reportsALVIN reportsALVIN LEE IN the 1990s, it was Bill Gates. In the 2000s, it was the late Steve Jobs and the Google boys,
      910 words
    • 816 13  -  Every great product needs an accompanying way of communicating things across, reports ANNA LEE reportsANNA STARTING YOUNG ANNA LEE CALL it passion or obsession, Mark De Winne’s fixation with typography was what led him to start his own design studio, Relay Room. In the same way that
      816 words
  • Page 13 Advertisements
    • 31 13 If you ’re between the ages of 17 and 30, with an interesting investing or entrepreneurship story to share, do write in to btyif@sph.com.sg with “Starting Young” in the subject heading
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    • 243 13 Meeting Kiyosaki MANY a young investor who has shared his or her investing experience in the BT-Citibank Young Investors’ Forum has made mention of Robert Kiyosaki, author of the best-selling personal finance book, Rich Dad, Poor Dad. Mr Kiyosaki and his wife will be in town this week to speak
      243 words

  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • 872 14  -  Industry players blame higher COE premiums and thus car prices for the slump in car buyers’ satisfaction, reports KELLY TAY SOARING Certificate of Entitlement (COE) prices seem to have hit the motor vehicles industry hard on all fronts. Not only are fewer people
      FILE PHOTO  -  872 words
    • 790 14  -  By TEH SHI NING PRODUCTIVITY is the buzzword of the moment, the much vaunted solution for businesses fretting over thinner margins and trouble hiring. But as scheduled hikes in levies and tighter quotas on foreign manpower roll out onto a tight labour
      790 words
    • 986 14  -  By TEH SHI NING WITH a mobile penetration rate of 150 per cent, Singapore is a city with far more handphones than people. This has been both boon and bane for telcos here, as Singapore’s mobile-toting crowd has grown increasingly dissatisfied
      Source: Institute of Service Excellence at Singapore Management University (ISES)  -  986 words
    • 604 15  -  Retailers must know what encourages repeat customers By TEH SHI NING RETAILERS are looking to the annual Great Singapore Sale, which has just gotten underway, to pull in the crowds and bump up their takings. The target: 8 to 10 per cent more sales
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    • 60 15 statistically significant increase in customer satisfaction from 2011 to 2012 statistically significant decrease in customer satisfaction from 2011 to 2012 insignificant year-on-year change in customer satisfaction score All scores displayed are accurate to one-decimal place. Entities are presented in decreasing levels
      60 words
    • 948 15  -  Yet firms in retail, infocomm sectors maintain satisfaction levels. By KELLY TAY GREAT expectations and a rise in the number of feedback channels available to consumers have meant one thing for Singaporeans they are becoming more vocal and are fully embracing their oft-quoted moniker “Complain
      Source: Institute of Service Excellence at SMU  -  948 words

  • Page 15 Advertisements
    • 172 15 CONTACT US FOR YOUR COMPANY’S SATISFACTION tA SMU SINGAPORE MANAGEMENT UNIVERSITY SCORECARD INTRODUCING CS1SG SUBSCRIPTIONS FOR2012 For real change to happen, everyone in a company has to be on board. That's why ISES is launching the all-new 2012 CSISG Subscription programme, available to all employees of CSISG-measured companies. All subscribers
      172 words

  • VIEWS FROM THE TOP
    • Article, Illustration
      2839 16 THIS WEEK’S TOPIC What is the impact of a low total fertility rate (TFR) on businesses in Singapore? What more can the private sector do to support the family movement in Singapore? Valerio Nannini Managing Director Nestle Singapore POPULATION growth is not just a social issue but
      THE STRAITS TIMES FILE PHOTO  -  2,839 words

  • Page 17 Advertisements
    • 19 17 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CATS Recruit The first door to your world of opportunities CLA/AUG06/g
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    • 696 17 BANK OF CHINA Head Office 1 Fuxingmen Nei Dajie, Beijing *****8, People’s Republic of China. Tel:(86) 10-*****688 Fax:(86) 10-6601 6871 Swift:BKCHCNBJ http://www.boc.cn Singapore Branch 4 Battery Road, Bank of China Building, Singapore *****8 Tel: (65) 6535 2411 Fax: (65) 6534 3401 Swift: BKCHSGSG CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at
      696 words

  • ECONOMY WATCH
    • 612 18 For 2013, it will post 0.9% growth but unemployment will hit 11.3%: OECD AFP [PARIS] Europe is set for a rebound to growth, the latest forecasts show, but unemployment will continue to rise, a conundrum that highlights the difficult
      AFP; REUTERS  -  612 words
    • 590 18 China also asked to loosen restrictions on yuan Reuters [BRUSSELS] The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health,
      Reuters; REUTERS  -  590 words
    • 667 18 ‘Bail-in’ powers prevent taxpayers from footing bill Bloomberg [BRUSSELS] The European Union will seek to give regulators the power to impose writedowns on senior unsecured creditors at failing banks as part of measures to prevent taxpayers from footing the bill for saving
      Bloomberg  -  667 words
  • Page 18 Advertisements
    • 1200 18 Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Platz der Republik, ***** Frankfurt am Main, Germany. www.dzbank.com Singapore Branch 50 Raffles Place, #43-01, Singapore Land Tower, Singapore *****3 Consolidated Balance Sheet as at 31 December in million 2011 2010 ASSETS Cash and cash equivalents 2,556 579 Loans and advances to banks 80,035 73,614
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  • MALAYSIA/INDONESIA
    • 681 19  -  Unless the best resources are deployed, the gap between national and independent schools will continue to widen MALAYSIA INSIGHT PAULINE NG KL Correspondent THE Malaysian government’s move to end the quota on locals in international schools has elicited both anticipation and trepidation among operators. There
      681 words
    • 288 19 AP [JAKARTA] Lady Gaga is cancelling her sold-out show in Indonesia over security concerns after Muslim hard-liners threatened violence if the pop diva went ahead with her Born This Way Ball. Protesters said that Lady Gaga’s sexy clothes and provocative dance moves would corrupt youth
      AP  -  288 words
    • 1670 19 VOL May 25 RM +/-(‘000) A M Realty 0.42 unch 0 VOL Advance Synerg 0.16 -0.01 465 Adventa Bhd 1.40 0.03 20 Ae Multi Hldgs 0.20 -0.01 287 Affin Holdings 3.01 0.06 448 Ahmad Zaki Res 0.69 0.01 195 Airasia Bhd 3.60 0.14 6062 Alliance Finan 3.85 0.02
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  • Page 19 Advertisements
    • 1109 19 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices m CHANG HWA BANK IMt t f fr CHANG HWA COMMERCIAL BANK, LTD. HEAD OFFICE: TAIWAN R.O.C. BALANCE SHEETS DECEMBER 31, 2011 AND 2010 (In Thousands of New Taiwan Dollars, Except Par Value of Capital Stock) 2011 2010 Amount Amount ASSETS Cash
      1,109 words

  • GREATER CHINA/INDIA
    • 461 20 Earnings dip 2.2% as country’s slowing growth curbs demand Bloomberg [BEIJING] Chinese industrial companies’ profit growth fell in April, a government report showed yesterday, as the nation’s slowing economy curbed demand. Earnings declined 2.2 per cent from a year earlier to 407.6 billion yuan
      Bloomberg  -  461 words
    • 73 20 CHINESE artist Xu Jiang’s ‘Living Together’ (2012) sculpture on display at the Kunsthalle im Lipsiusbau museum in Dresden, eastern Germany. With more than 150 paintings and works on paper as well as two monumental sculptures, the exhibition is Xu’s first large retrospective in Germany and is an integral
      AFP  -  73 words
    • 448 20 AP [NEW DELHI] Indian Prime Minister Manmohan Singh yesterday departed on a three-day visit to Myanmar that underscores India’s quest for energy supplies and concerns about China’s strong influence in the South-east Asian country. Mr Singh said that he hoped to focus on
      AP; AFP  -  448 words
    • 413 20 Reuters [NEW DELHI] India’s Telecom Commission will ask the sector regulator to analyse the potential impact of a proposed airwaves auction base price that is seen as too high and has drawn protests from carriers. The commission, however, endorsed a separate regulatory proposal
      Reuters  -  413 words
    • 360 20 Same entry criteria to apply, says regulator, to encourage lending to private sector Reuters [BEIJING] China will give private capital the same entry standards to the banking industry as other capital, state media said yesterday, as the government makes its
      Reuters  -  360 words
  • Page 20 Advertisements
    • 678 20 BgAtiS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices BBVA Banco Bilbao Vizcaya Argentaria, Head Office: Plaza de San Nicolas 4, ***** Bilbao, Spain Singapore Branch: UOB Plaza 1, #55-02, 80 Raffles Place, Singapore *****4 S.A. LIABILITIES AND EQUITY Liabilities Auditors' Report on Consolidated Financial Statements Translation of a report originally
      678 words

  • WORLD
    • 391 21 Prime minister fends off labour unions’ criticism Bloomberg [MELBOURNE] Prime Minister Julia Gillard pledged to protect Australian workers after labour unions criticised her government’s decision to allow billionaire mining magnate Gina Rinehart to employ more than 1,700 overseas workers. “We are going to
      Bloomberg  -  391 words
    • 774 21 Mobile dominance directs users to targeted websites, services, advertising AFP [WASHINGTON] The browser wars are heating up again, but this time the fight is for dominance of the mobile Internet. Google, Apple, Microsoft and Yahoo! are all in the struggle,
      AFP  -  774 words
    • 783 22 Washington crawling with over 10,000 lobbyists out to influence Congressmen AFP [WASHINGTON] The US capital may well be the only city in the world where lobbyists spend US$3 billion on something that they themselves insist isn’t even for sale: the votes of American lawmakers.
      AFP  -  783 words
    • 567 22 Reuters [BERLIN] German solar power plants produced a world record 22 gigawatts of electricity per hour equal to 20 nuclear power stations at full capacity through the mid-day hours on Friday and Saturday, the head of a renewable energy think tank said. The German
      Reuters; REUTERS  -  567 words
    • 468 22 Reuters [MONACO] Australian Mark Webber won the showcase Monaco Grand Prix for champions Red Bull yesterday as Formula One celebrated an unprecedented six different winners in six races so far this season. Webber led a processional but nail-bitingly close race, with the top three
      Reuters; REUTERS  -  468 words
    • 500 22 TSMC reportedly plans to buy its chip plant at Tsuruoka Reuters [TOKYO] Japanese chipmaker Renesas Electronics Corp plans to sell off loss-making operations and cut its payroll by at least 12,000, a source close to the matter told Reuters on Saturday, as
      Reuters  -  500 words
    • 581 22 Reuters [VATICAN CITY] Vatican magistrates have formally charged Pope Benedict’s butler with illegal possession of secret documents on Saturday and said that a wider investigation would take place to see if he had any accomplices who helped him leak them. Paolo Gabriele is sus-
      Reuters  -  581 words
  • Page 21 Advertisements
    • 621 21 KATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices HSH r^v NORDBANK Incorporated in the Federal Republic of Germany Financial Accounts for the Year 2011 31.12.2011 31.12.2010 Equity ratio (solvency coefficient) 22.4 24.4 Total ratio/Regulatory capital ratio 21.0 22.4 Tier 1 capital ratio 15.1 17.3 Tier 1 capital ratio (including market
      621 words
    • 1097 21 First Gulf Bank PJSC Head Office: PO Box 6316,Abu Dhabi, UnitedArab Emirates Singapore Branch: 80 Raffles Place, #10-01/02, UOB Plaza 1 Singapore *****4 INDEPENDENT AUDITORS’ REPORT TO THE SHAREHOLDERS OF FIRST GULF BANK PJSC Report on the Financial Statements We have audited the accompanying consolidated financial statements of First Gulf
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  • Page 23 Advertisements
    • 206 23 WATS3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ORCOM INTERNATIONAL PTE LTD |IN CREDITORS' VOLUNTARY LIQUIDATION! (Company Registration No. *****6472C) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting
      206 words
    • 305 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FAM-STUMABO ASIA PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NUMBER: *****8231H FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of the Members of
      305 words
    • 1570 23 i BARCLAYS Head Office: 1 Churchill Place, London E14 5HP. Registered in England. Registered No: *****. Singapore Office: Level 28 One Raffles Quay South Tower Singapore *****3. Tel: 6308 3000 The following is an extract from the 2011 financial statements and Annual Reports of Barclays PLC and Barclays Bank PLC.
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  • Page 24 Advertisements
    • 835 24 S£*[«i AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices The Hongkong and Shanghai Banking Corporation Limited Annual Results for 2011 Consolidated Income Statement for the Year Ended 31 December 2011 Auditor’s Statement to the Directors of The Hongkong and Shanghai Banking Corporation Limited (incorporated in the Hong Kong SAR with
      835 words

  • AVIATION/SHIPPING
    • 644 25 New Wilhelmshaven terminal will be able to handle largest container ships AFP [WILHELMSHAVEN, Germany] The small town of Wilhelmshaven on Germany’s North Sea coast, with its population of only 81,000, is already the country’s largest naval base. But with its new
      AFP  -  644 words
    • 380 25 AP [CAPE CANAVERAL, Florida] Space station astronauts floated into the Dragon on Saturday, a day after its heralded arrival as the world’s first commercial supply ship. Nasa astronaut Donald Pettit, the first one into the docked capsule, said it reminded him of the cargo
      AP  -  380 words
    • 587 25 AFP [PARIS] Airlines are still in for financial turbulence despite a recent fall in oil prices, with many at risk of posting major losses as the cost of their top input remains historically high. “If fuel prices remain at a reasonably low and
      AFP; REUTERS  -  587 words
    • 419 25 Bloomberg [TOULOUSE] Airbus SAS, seeking an edge over Boeing Co in the contest to supply single-aisle planes to US carriers, has begun pitching a version of its A320s with wider aisle seats that airlines can market for additional revenue. The planemaker
      Bloomberg  -  419 words
    • 232 25 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, fell for the fourth straight session last week as freight demand for larger vessels remained weak. The overall index, which reflects the daily freight market prices for
      Reuters  -  232 words
    • 255 25 SGX '000 May 25 S$ +/-Vol CH Offshore 0.41 unch 75 Chuan Hup Hldg 0.22 unch 165 Cosco Corp 0.91 0.02 3772 s$ Ezra Hldgs 0.95 -0.01 2462 First Ship Lea 0.17 unch 954 Freight Links 0.06 unch 900 Grand Banks unch unch 0 Jaya Hold Ltd 0.54
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    • 3677 30 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 25 Advertisements
    • 30 25 V, Sk '4- Find properties in Malaysia Whether you're looking to invest or reside in a property in Malaysia, home in on a variety of choice listings. ”-"J =14 STPROPERTYsg
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  • Page 25 Miscellaneous
    • 315 25 CRYPTIC CROSSWORD Across 9 Instant cure initially found in most of samples (5) 10 Percentage losing heart during speech surgery (9) 11 Why a severe punishment? (4,3) 12 Time is lost and energy producing list (7) 13 Inexperienced soldiers beset by information (5) 14 Dispatched to cover a press ceremony
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  • DINING OUT
    • 861 26  -  NEW RESTAURANT Outpost No. 903 Gastrobar 903, Bukit Timah Road Tel: 6468 4903 Opening hours: Sundays to Thursdays, 3pm-3am; brunch on Sundays public holidays, 10am-2pm. Closed on Mondays By Cheah Ui-Hoon IT used to be that good restaurants in Singapore were known primarily
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  • Page 26 Advertisements
    • 87 26 ENJOY 70% OFF WHEN YOU SUBSCRIBE TO DIGITAL EDITIONS! LIMITED TIME ONLY! GET THE LATEST DECOR TRENDS, PARENTING TIPS AND TECH-GADGET REVIEWS ON THE GO $21.60/ 1 YEAR UP $72.00 NOW ON IPAD ANDROID TABLETS $18.00/ 1 YEAR UP $60.00 $24.80/ 1 YEAR UP $82.80 SUBSCRIBE NOW AT www.sphmagazines.com.sg/digital-promotion or
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    • 24 26 LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company’s financial performance through CATS Notices in The Straits Times. NOTICES cla/dec 05/clj
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  • Page 26 Miscellaneous

  • SINGAPORE STOCKS
    • 1462 27 Week ended: May 25 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 Company Last Sale Vol ('000) 123 92.5 AIMSAMPIReit 112.5 +2.5 2190 113 109.5 112.5 113 7.4 10.8 499.3 High Low Buyer
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    • 234 28 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 $mil Low Company 4.6 1.3 t Advanced System 2.2 -0.1 ***** 2.4 2.2 2.2 2.3 29.1 Sale Vol ('000) Week Last Quote Div Gr Yld
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    • 115 28 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.425 +0.040 CapitaLand 2.430 -0.030 CapitaMall 1.770 CityDev 10.090 +0.160 ComfortDelGro 1.475 +0.015 DBS Grp 13.170 -0.050 F&N 6.470 +0.070 GLP 2.020 +0.045 Genting SP 1.495 -0.005 Golden Agri 0.640 -0.005 HK Land
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    • 2249 28 Transaction date: May 25 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.50 unch 0 Aeon Stores 22.50 1.80 12 Angang Steel 4.20 0.01 7121 Anhui Conch 22.85 0.35 ***** Anhuiexpresswa 3.80 0.06 2418 Asia Satellite 23.10 1.10 263 Asm Pacific 96.10 -0.85 249 Bank Of E Asia 26.30
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    • 260 28 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 31.5 AVJennings A33.5 +2 13 33.5 33.5 31 34.5 3.6 10.4 2.7 87.2 46 25.5 Genting HK US$ US31 unch ***** 31.5 30 30.5 31 2041.2
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    • 186 28 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 6 0 0 0 8 3 6 Manufacturing 81 63 32 12 12 9 93 75 41 Commerce 41 22 5 5 6 3 46 28 8 Tpt/Stor/Comms 18 18 8
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    • 1061 28 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 119 unch 42 119.2 119 118 119 543.2 103 95.8 CIMB APAC Div 100US$ US96 -0.8 7 96.4 95.8 95.5
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    • 123 28 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 67,630 67,630 277,128 277,128 Manufacturing 1,100,474 284,584 1,385,058 709,434 16,350 725,784 Commerce 2,364,944 55,577 2,420,521 927,501 7,728 935,229 Tpt/Stor/Comms 379,943 58,956 438,899 682,515 16,479 698,994 Finance 67,230 143 67,373 638,141 31 638,172 Construction 521,514 82,637
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  • Page 28 Advertisements
    • 26 28 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
    • 601 29 May 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8616.85 8616.85 8550.93 Jun12 8570.00 8615.00 8520.00 8575.00 *****1 *****5 Sep12 8545.00 8600.00 8545.00 8565.00 475 ***** MSCI TAIWAN INDEX FUTURES SPOT 253.93 254.88 251.91 May12 254.40 255.90 252.00 252.30 ***** *****3 Jun12 253.70 255.20
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    • 373 29 In local curr In S$ In US$ dy yr dy yr dy yr May 25 Index Change Change Change Change Change Change World Preliminary 844.1 0.1 1.7 0.3 -0.6 0.0 0.7 EAFE Preliminary 667.7 0.0 -2.1 0.0 -5.7 -0.3 -4.4 Europe Preliminary 995.3 0.1 -3.0
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    • 104 29 As on 25 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) CURRENCY AUD-USD FUT JUN2012 .9776 .9708 .9749 1422 EUR-USD FUT JUN2012 1.2591 1.2502 1.2516 1512 BASE METAL COPPER FUT JUL2012 7628 7540 7605 2127 INDEX IRON ORE (MBIO) IDX FUT MAY2012 131.90 131.10
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    • 107 29 May 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1382.00 1376.00 1386.50 1371.50 Aug 12 1362.00 1356.25 1365.50 1353.00 Sep 12 1321.75 1313.25 1323.75 1308.00 Nov 12 1289.25 1276.25 1290.00 1268.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 50.12
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    • 76 29 CRUDE OIL PRODUCTS May 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.72 0.28 WTI (Near Mth) 90.39 0.43 Dubai (1-Mth F) 102.57 -1.24 Tapis blend 113.68 -1.58 Minas 113.48 -1.58 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 91.22 -2.45 Jet Kerosene 118.94 -1.12 US$/barrel OpecOil Basket
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    • 22 29 May 25 S$ Bid Offer 1-month 1.2786 1.2791 2-months 1.2785 1.2790 3-months 1.2784 1.2790 6-months 1.2775 1.2781 Source: OCBC
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    • 66 29 May 25 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1976.25 1977.25 3 months 2013.50 2015.00 Copper, Grade A(US$/tonne) Cash 7671.00 7655.50 3 months 7639.00 7610.00 Lead(US$/tonne) Cash 1937.75 1947.25 3 months 1950.00 1959.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
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    • 80 29 May 25 COCOA (£/tonne) Close Prev High/Low Jul 12 1476 1473 1485/1467 Sep 12 1468 1462 1473/1457 Dec 12 1447 1443 1453/1438 Mar 13 1425 1425 1432/1420 COFFEE(US$/tonne) Close Prev High/Low May 12 2215 2200 2226/2198 Jul 12 2241 2223 2249/2213 Sep 12 2218 2213 2229/2199 Nov 12 2202
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    • 528 29 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 4 1 150 311 9.38 24 Baker Technology Ltd W*****6 1 1 32 25 26.50 6 Expiry Vol Conv Exer Disc FTSEChinaA50 7800 MBEPW*****8 8.3 2000 0.0 1
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    • 470 29 May 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.003 6.212 0.778 7.597 54.198 91.317 0.780 11.607 3.090 1.293 89.805 42.840 1.252 8.157 0.935 28.997 30.997 0.624 0.979 Canada 0.997 6.191
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    • 54 29 May 25 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (SS) 0.***** 0.***** 3
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    • 136 29 May 25 GOLD(US$/oz) May 25 May 24 Hong Kong 1570.00 1564.00 Mav 24 May 24 May 25 London 1571.40 1565.88 1572.20 1566.63 Source: Thomson Reuters CAST BAR May 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 437 320 10gm
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    • 83 29 May 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 23-Aug-12 0.28 0.24 0.24 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.03 5-Year N*****0Z 2.375 01-Apr-17 108.72 108.85 108.8
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    • 57 29 May 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3032.0 3060.0 3120.0 3030.0 409 2572 Jul 12 3066.0 3073.0 3151.0 3044.0 4093 ***** Aug 12 3062.0 3069.0 3149.0 3040.0 ***** ***** Sep 12 3063.0 3063.0
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    • 154 29 May 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2512 1.2521 0.9786 0.9789 Canadian dollar 1.2469 1.2480 0.9752 0.9757 Euro 1.6086 1.6095 1.2581 1.2583 NZ dollar 0.9675 0.9682 0.7567 0.7569 Sterling pound 2.0039 2.0054 1.5673 1.5678
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    • 121 29 As at 9am May 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.276 1.216 Can dollar 1.275 1.215 Euro 1.643 1.565 Sterling pound 2.043 1.965 NZ dollar 0.992 0.945 US dollar 1.301 1.251 Local dollars to 100 units of foreign
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    • 154 29 May 25 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
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  • Page 30 Advertisements
    • 47 30 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The business times Shipping Times I 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 Times
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    • 18 30 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. _The Business Times Shipping Times
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  • Page 31 Advertisements
    • 110 31 /?<{%){^;_;<@!@|&!<;>'^<+^\^,)% r i urgently ni R ded by shippers ADVERTISI JOE WONG AT 9620 1 n they -Find youi re in the Shippii Highlight Your Company Anniversary Come publicise your Company Anniversary, Corporate Developments, Corporate Image, Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Projection Completion and Vessel Conversion Refurbishment.
      110 words

  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 960 32  -  New collaborative platform allows firms to source applications from freelance developers, writes CLEMENT TEO writesCLEMENT CLEMENT TEO ‘CROWDSOURCING’ your cloud development might appear to be a cloudy notion. However, with the growth and use of the Internet, it might be natural for businesses to benefit from
      960 words
    • 365 32 Bloomberg [SAN FRANCISCO] Groupon Inc, the largest daily coupon website, is testing a credit-card reader for merchants that could vie with similar devices offered by Square Inc and eBay’s PayPal Inc, a person with knowledge of the matter said. The reader,
      Bloomberg  -  365 words
    • 867 32  -  S’pore, M’sia are the biggest markets in Asean: Frost survey By AMIT ROY CHOUDHURY [SINGAPORE] With the fast-growing adoption of consumer social networking sites such as Facebook and Twitter, an increasing number of enterprises in Singapore and the rest of the Asean region
      867 words
    • 862 33  -  Video-sharing platform now has a monthly audience of 800 million viewers, reports TIMOTHY LOH reportsTIMOTHY TIMOTHY LOH ‘WHEN we first started, it was just trying to share these clips with one another. We saw the power of simplifying a process
      GOOGLE  -  862 words
    • 447 33 Reorganisation may facilitate IPO in future Bloomberg [HONG KONG] Alibaba Group Holding Ltd won approval to take a Hong Kong-traded unit private, simplifying its structure as it prepares to repurchase a US$7.1 billion stake from Yahoo Inc before an eventual initial public
      Bloomberg  -  447 words
  • Page 32 Advertisements

  • Page 33 Advertisements
    • 375 33 Panasonic ideas for life Panasonic Video Conferencing Trusted by Global Industry Leaders Successful organizations around the world, in every field imaginable, trust Panasonic Video Conferencing to optimize their daily efficiency. IT Services Provider By using Panasonic HD Video Conferencing and High-speed Fibre Broadband internet, Fujitsu was able to save even
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  • Page 34 Advertisements
    • 100 34 Y#ur bank opens doors in 28 markets across Asia Pacific ANZ is in 28 markets across Asia Pacific and we're growing. That means we've now got more financial specialists who share your regional interests and who take the time to fully understand your needs. They have the experience and the
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