The Business Times, 16 July 2012

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, July 16, 2012
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  • 1110 1  -  Analysts cautious on cyclicals like commo plays, see resilience in defensive stocks By KENNETH LIM [SINGAPORE] The market could be heading towards a raft of poor results as companies begin to report their second-quarter earnings, analysts say. Volatile markets and persistent macroeconomic concerns
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  • 749 1  -  Telco plans nationwide 4G smartphone, dongle coverage near end-Q3 By JOYCE HOOI [SINGAPORE] M1 is set to be the first operator with nationwide 4G smartphone and dongle coverage, BT has learnt. The telco will launch 4G, or long-term evolution (LTE), services “towards
    FILE PHOTO  -  749 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 2,995.56 +17.01 KL COMP 1,626.38 +5.83 NIKKEI 225 8,724.12 -296.63 HANG SENG 19,092.60 -708.00 SET INDEX 1,210.29 +10.21 JAKARTA COMP 4,019.67 -35.53 MANILA COMP 5,214.52 -148.16 SEOUL COMP 1,812.89 -45.31 SHENZHEN B 628.14 -11.73 MUMBAI IND 17,213.70 -307.40 DOW 12,777.09 +4.62 NASDAQ 2,908.47 -28.86 S&P
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    • 18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 0.50 TAIWAN 5.035 JAPAN 1.475 KOREA Source: Bloomberg
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    • 49 1 us$ s$ US$ (S$ per US$) 1.270 (US$/S$ per 1.544 1.960 EURO (US$/S$/E) 1.220 1.549 Foreign currency per US$ S$ YEN 79.30 62.50 RM 3.187 2.510 HK$ 7.757 6.109 BAHT 31.76 25.01 RUPIAH 9,478 7,465 RENMINBI 6.381 5.026 INDIAN RUPEE 55.40 43.63 A$ 0.984 0.775 NZ$ 1.262 0.994
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  • Page 1 Advertisements
    • 58 1 DINING OUT A taste of Pollen PAGE 25 YOUNG INVESTORS’ FORUM Focusing on the small enterprises PAGE 14 BizIT COMMENTARY Let the tablet wars begin page 32 VIEWS FROM THE TOP Social media and the CEO pages 10-12 OYSTER PERPETUAL SUBMARINER DATE t ROLEX <e>> Cortina watch PARAGON, #01-13. TEL:
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    • 26 1 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. 8 *****1 *****4
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  • TOP STORIES
    • 949 2  -  Some companies regard people with disabilities to be as productive as any other employee By GLENN CHOO [SINGAPORE] The call to give the disabled a fair chance at being employed is being heeded by more companies helped in part by the tight
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    • 643 2 M1 set to beat rivals with nationwide 4G service MI IS set to be the first operator with nationwide 4G smartphone and dongle coverage, BT has learnt. The telco will launch 4G, or long-term evolution, services “towards the end of Q3,” it said. While details of the new
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    • 18 2 Branchen Stars R1C-A 09/07/2012 140,75 EUR I db X-MACRO Trading Index Fund I4D 05/07/2012 93,94 GBP
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    • 543 2 Over 5,440 people have been cut off as roads are blocked AFP [TOKYO] Troops yesterday airlifted supplies to thousands of people cut off by landslides and torrential downpours that have killed at least 24 people in south-west Japan as meteorologists warned of further
      AFP; AP PHOTO/YOMIURI SHIMBUN  -  543 words
    • 611 2 Keeping pace will require more good earnings reports AFP [NEW YORK] US stocks cut off a six-day losing streak on Friday, but sustaining the rebound and overcoming broader economic fears will require a solid run of second-quarter earnings reports expected this week. A
      AFP  -  611 words
    • 555 4  -  Airlines welcome trend widely seen in US, Europe and rising in Asia By VEN SREENIVASAN [SINGAPORE] With frequent flier points hardly making a dent on total ticket prices due to fuel surcharges and other fees, many travellers are doing the next best thing
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    • 852 4  -  Local membership extensions offered at $80,000 By AUDREY TAN [SINGAPORE] Some 3,000 members of Laguna National Golf and Country Club stand to lose their membership in nine years’ time when the lease on the club’s land expires. But this is not what most are unhappy
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    • 585 4 Boom in deepwater exploration driving market share fight Reuters [SEOUL] China is emerging as a strong contender to the traditional offshore oil rig manufacturing powerhouses of Singapore and South Korea as shipyards such as Cosco Corp fight for a
      Reuters  -  585 words
    • 56 4 [SINGAPORE] Fans thronging the stage front at the Straits Times Appreciates Readers (STAR) Concert held yesterday at the Meadow of the Gardens by the Bay. It featured performers such as Tanya Chua, Singapore Idols Taufik Batisah and Hadi Mirza, and others such as Boys Like Girls and K-Pop
      ALPHONSUS CHERN/THE STRAITS TIMES  -  56 words
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    • 22 2 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices j WATS I NOTICES Sj
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    • 218 3 Montblanc® evcc x a ->: fTr<7" iui"\'liis, 'SUt/T^ > VN V *9* HHH fH w ?*<v f A rai i n A a i A tit AS Si C> -cn rAT gBtft r i Sfef Jo I 1 c=3 o t* i: i *S •\\V <xr‘jK? < i' a j
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    • 358 4 Master to the best ways tracje cFDs A ...with Phillip CFDs seminars R easy-to-fo||ow online vicjeo tutorials Want to know more about CFDs and how to trade it better? View our suite of online video tutorials or register for our seminars at www.phillipcfd.com today! A to Z of Equities CFD
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  • COMPANY NEWS
    • 549 5  -  Guan Chong refutes report that it will probably cancel the secondary listing By FELDA CHAY MALAYSIAN cocoa processor Guan Chong Bhd says that its planned secondary listing on the Singapore Exchange (SGX) is still on track, refuting an earlier media report that it will
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    • 129 5 NERA Telecommunications Ltd said that net profit for the three months ended June 30 jumped 33.2 per cent to $3.34 million on higher turnover from both the telecom and infocomm business segments. Sales rose 16.7 per cent to $41.7 million. The company has
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    • 698 5 Payment Ex Books Pay Ann (cts) date close date date AEM Hldgs aw 0.350 01-Aug 03-Aug 17-Aug 14-May Azeus Systems bo 3.480 23-Jul 25-Jul 08-Aug 28-Jun B Sembawang ak 4.000 31-Jul 02-Aug 15-Aug 24-May B Sembawang bh 14.000 31-Jul 02-Aug 15-Aug 24-May Ban Leong ak 1.000 01-Aug 03-Aug
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    • 349 5  -  By FELDA CHAY NEXT-GENERATION Satellite Communications said that it will be appointing an independent accounting firm to investigate the major discrepancy in funds it had deposited with a Hong Kong finance company. The move comes after Next-Gen reported early this month that out
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    • 295 5 Jul 13 BANKS Agricultural Bank Of China 5.5 Agricultural Bank Of China 5.5 Banco Bilbao Vizcaya 6 Arab Bank PIC 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
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    • 1737 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd UYING fell for the second straight week while selling among directors remained very low, based on filings on the Singapore Exchange in the second week of July. Buyers outweighed sellers with
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    • 1796 8 COMPANY INSIGHT INTRODUCTION THE Singapore investing community has, for many years, been focused on large local or foreign companies listed on the SGX. Small and medi-um-sized local listed companies, or SMEs, have been largely neglected, resulting in under-served low valuations. This
      FILE PHOTO  -  1,796 words
  • Page 5 Advertisements
    • 277 5 A four-hour investment could yield a very bright future. Time is money and we believe in investing it wisely. So here’s an opportunity to invest your time at the CIMB Securities’ seminar. Learn how to best manage your wealth in a high inflation market, all in four hours. There is
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    • 9 5 S I N G A P O R E
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  • SINGAPORE MARKETS
    • 628 6  -  STOCKS R SIVANITHY Senior Correspondent LAST Saturday’s column highlighted the main themes that have taken shape these past few weeks on one end of the investment spectrum, a resurgence of speculative punting in low-priced issues and on the other, support for Reits and
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    • 539 6 COMMODITIES AFP [LONDON] Commodity prices, which fell during most of the past week, rallied strongly last Friday on speculation of more China stimulus measures to boost demand in the Asian powerhouse nation. Prices rebounded on official data showing China grew 7.6
      AFP  -  539 words
    • 609 6 CURRENCIES Bloomberg [NEW YORK] The euro dropped to the lowest weekly level versus the US dollar in more than two years as investors sought safety amid concern Europe’s sovereign-debt turmoil is worsening. The yen rose for a third week against the greenback,
      Bloomberg  -  609 words
    • 1536 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 Capital Ind REIT 2.00 2.00 2 10.00 12.85 1.42 1.29 Amtek Engineering Ltd 1.67 1.60 6 0.07 7.21 0.89 0.61 ARA Asset Mgt Limited 1.38
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    • 4 6 WEEKLY
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    • 116 6 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 600.5 3.7 DBXT iBoxxUSTr 5US$ ***** 290.7 1.1 JMH 5276 223.5 3.5 DBXT iBoxxSing 5SG$ ***** 108.0 0.8 JSH 3235 107.9 2.7 DBXT S&P Short 10US$ 3810 74.9 1.6 DBS Bk 4.7% NCPS 100 ***** 70.0 0.7 Hyflux 6% CPS 10
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    • 127 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5090 -361.8 -5.3 Jardine C&C 4650 -285.0 -5.8 IS S&P500 ***** -278.0 -1.6 DBXT MSEurope 10US$ 4012 -198.1 -3.7 DBXT MSJAP 10US$ 3483 -165.0 -3.6 GLD 10US$ ***** -160.0 -0.8 Lyxor EmergingMkts 1 817 -158.7 -13.3 DBXT FTChina25 10US$ 2457 -139.7 -4.3
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    • 5 6 WEEKLY
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    • 65 6 Jul 13 VALUE CLOSE BT OB/OS 462.00-122.00 BT CADI -*****.00 +88.00 BT 10-day MA -*****.00 +46.00 FTSE ST Mid Cap 695.93 +2.41 FTSE ST Small Cap 462.46 +2.64 FTSE ST All Share 725.61 +5.09 FTSE ST China Top 204.83 -0.39 FTSE ST China 227.90 +0.87 FTSE ST
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    • 56 6 VOLUME GSH Corp 1,404,997,000 TT Intl 694,728,000 Golden Agri 259,539,000 NexGenSCom 229,157,000 Interra 203,269,000 MapletreeLog 190,845,000 Yoma 180,772,000 HLH Grp 171,193,000 Genting SP 158,152,000 ChinaFashion 155,229,000 VALUE($) SingTel 333,592,534 Genting SP 218,378,162 Keppel Corp 218,282,764 UOB 195,002,720 Golden Agri 184,955,477 MapletreeLog 184,374,750 DBS Grp 182,384,941 CapitaLand 171,984,000
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  • Page 7 Advertisements
    • 1064 7 SINGAPORE PRESS HOLDINGS LIMITED Incorporated in Singapore. Co. Reg. No. *****2868E Unaudited Results for the Third Quarter ended May 31, 2012 (Extract) GROUP FINANCIAL HIGHLIGHTS 3Q 2011 $’000 Change iV 3Q 2012 $’000 YTD 2011 $’000 Change YTD 2012 $’000 Operating revenue 331,840 328,820 0.9 962,697 935,357 2.9 Operating profit#
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  • SINGAPORE NEWS
    • 586 9  -  He says there is a greater premium on practice and leadership qualities By LEE U-WEN IF there’s one thing that business leaders of today need to pay more attention to in order to make it big, it is their basic communication skills. After
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    • 1036 9 ASK Question: I am a shareholder of a listed company and wish to know more about the company’s operations and challenges. I have asked for copies of the minutes of board meetings to better understand how certain decisions (which I do not totally agree with) were
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    • 962 9 The Singapore Service Excellence Medallion confers service pre-eminence on a company, the nation’s most coveted award ADVERTORIAL GOING the extra mile for your customers. Doing more than they ever hoped for. Giving them the best experience they’ll ever find. The best service in Singapore deserves the nation’s
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  • Page 9 Advertisements
    • 101 9 HAVE a pressing question about a corporate-law-related issue that your company is facing? Lawyers from Stamford Law will provide their expert advice and answers to your queries on a weekly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and include particulars such
      101 words

  • VIEWS FROM THE TOP
    • 4864 10 THIS WEEK’S TOPIC Can social media help an organisation improve key areas such as transparency, collaboration and innovation? How can a company use social media to engage employees, customers and partners, and what role should the CEO play in this process? Seah Kian Peng CEO
      AP  -  4,864 words
  • Page 10 Advertisements
    • 172 10 r A In Singapore, data flow improved traffic flow. One of the most densely populated countries in the world, Singapore faced a significant challenge on their streets. Working with IBM, the Singapore Land Transport Authority implemented a system that uses sensors to collect real-time data and predict traffic scenarios with
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  • Page 11 Advertisements
    • 205 11 n Q S 8 1 In Taipei, cameras are helping people to be heard. A bold solution was initiated for the 23,000 deaf people living in Taipei. Many were turning to an interpreter service when dealing with issues related to healthcare or legal matters. Unfortunately, some would have to wait
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  • Page 12 Advertisements
    • 247 12 T- r itt/ Savour the joy of having time on your side and ENJOY GREAT VALUE-ADD BENEFITS THIS SUMMER. STAY LONGER COMPLIMENTARY 3RD NIGHT* Linger a little longer in our refurbished interiors soothing, sleek and streamlined with the latest technology. Also enjoy the SUMMER VALUEADD** benefits with any of the
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  • Page 13 Advertisements
    • 2125 13 Consolidated financial statements for the year ended 31 December 2011 Profit and loss account for the year ended 31 December 2011 Year Ended Year Ended In thousands of euros 31 Dec 2011 31 Dec 2010 Interest income 636,222 322,628 Interest expenses (397,394) (171,215) Income on equities and other variable-income instruments
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    • 2455 13 GP BATTERIES INTERNATIONAL LIMITED (Company Registration No.: *****2111N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Batteries International Limited (“the Company”) will be held at Pan Pacific Singapore, Pacific 1, Level 1, 7 Raffles Boulevard, Marina
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 842 14  -  Singapore-based micro-business school Aidha has helped migrant domestic workers here launch their own businesses, reports JANE WILLIAMS reportsJANE reportsJANE WILLIAMS NOODLE shops around the outskirts of Iloilo City in the Philippines’ Western Visayas region do brisk business as new housing subdivisions, financed by remittances from
      ST FILE PHOTO  -  842 words
    • 1052 14  -  Successfully running a patisserie and a creative agency simultaneously, SMU undergrad Rayner Tan says he is considering extending the gap year he took in his studies to grow both businesses, reports AUDREY TAN STARTING YOUNG reportsAUDREY reportsAUDREY TAN Undergraduate Rayner Tan may be only 23, but
      ARTHUR LEE  -  1,052 words
  • Page 14 Advertisements
    • 156 14 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • ECONOMY WATCH
    • 542 15 Europe’s banking problems seen to be persisting, US and China growth may cause concerns AFP [PARIS] Despite making progress, the eurozone debt crisis remains unsolved and, in a repeat of last summer, could still bring nasty surprises to global stock markets in
      AFP  -  542 words
    • 487 15 It says adoption of rules not backed by US capital markets NYT [NEW YORK] American enthusiasm for international accounting standards appears to have waned. Without any fanfare, the staff of the Securities and Exchange Commission (SEC) released a long-delayed study about use of
      NYT  -  487 words
    • 289 15 Reuters [CHICAGO] US futures exchange operator CME Group questioned on Friday whether brokers should be allowed to hold their customers’ collateral, following the disclosure of massive fraud at failed brokerage PFGBest. CME, which owns the 164-year-old Chicago Board of Trade and offers trading on
      Reuters  -  289 words
  • Page 15 Advertisements
    • 740 15 I N I T I A L P U BLI C O FFE R I N G ONE OF THE MAJOR COCOA INGREDIENT PRODUCERS IN MALAYSIA CORPORATE PROFILE We are one of the major cocoa ingredient producers in Malaysia, and our principal activities comprise the production and sale of cocoa
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  • MALAYSIA
    • 542 16 Stake bought via Allgrow Capital which is privately owned by his family [PETALING JAYA] Businessman KK Eswaran has bought a controlling stake in The ABN Media Group (ABN), a new media group that will compete head-on with the likes of tycoon Ananda Krishnan’s pay-TV
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    • 636 16  -  Appoint independent third party to evaluate state of public security MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent OFFICIALLY, crime in Malaysia is decreasing. According to Pemandu, the state agency tasked with implementing Prime Minister Najib Razak’s Economic Transformation Programme, the country’s crime index fell 10 per cent
      REUTERS  -  636 words
    • 247 16 [KUALA LUMPUR] Moody’s Investors Service has a “stable” outlook on Malaysia’s banking system over the next 12 to 18 months despite projecting the economy to grow at a slower pace of 4 per cent this year from 5.1 per cent last year. It
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    • 1700 16 VOL Jul 13 RM +/-(‘000) A M Realty 0.50 unch 10 VOL Advance Synerg 0.16 unch 155 Adventa Bhd 1.93 -0.07 581 Ae Multi Hldgs 0.21 unch 0 Affin Holdings 3.51 unch 946 Ahmad Zaki Res 0.70 unch 476 Abric Bhd Airasia Bhd 3.79 0.04 5471 Alliance Finan
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  • Page 16 Advertisements

  • GREATER CHINA/INDIA
    • 1049 17 Chinese firms turn laser-like focus on exports to US amid further slowdown NYT [WASHINGTON] A weakening Chinese economy, underlined by a further slowdown disclosed on Friday in Beijing, is starting to pose a headache for US officials and the two presidential campaigns, as
      NYT; AP  -  1,049 words
    • 359 17 Call for greater efforts to strengthen growth: Xinhua Bloomberg [BEIJING] China’s Premier Wen Jiabao warned that the nation’s economic rebound isn’t yet stable and “hardship” may continue for a period of time, the official Xinhua News Agency reported. He also called for
      Bloomberg  -  359 words
    • 439 17 AFP [NEW DELHI] The head of India’s vehicle-to-steel conglomerate Tata Group says that he still has high hopes for the Nano, billed as the world’s cheapest car, despite a slow sales start. “The fundamental economies of the Nano will continue
      AFP; FILE PHOTO  -  439 words
    • 257 17 AFP [NEW DELHI] India says it plans to issue fresh guidelines on sweeping new anti-tax evasion rules as it seeks to reassure rattled foreign investors and attract vital funds from abroad. The General Anti-Avoidance Rules (GAAR), introduced in this year’s budget, had been
      AFP  -  257 words
  • Page 17 Advertisements
    • 1215 17 NOTICE OF ANNUAL GENERAL MEETING SINGXPRESS LAND LTD. (Company Registration No.: *****3164K) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of SingXpress Land Ltd. (the “Company”) will be held at 81 Ubi Avenue 4, #02-20 UB One, Singapore *****0 on Tuesday, 31 July
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  • WORLD
    • 639 18 Move will allow independent researchers to study clinical trial data Reuters [LONDON] Europe’s medicines regulator, criticised in the past for excessive secrecy, is opening its data vaults to systematic scrutiny in a move that will let independent researchers trawl through millions of
      Reuters; REUTERS  -  639 words
    • 339 18 AP [BERLIN] The European Union’s bailout fund is working on a 100 billion euro (S$155 billion) package to prop up Spanish banks, according to a report on Saturday by German news weekly Der Spiegel. A confidential draft plan by senior officials
      AP  -  339 words
    • 459 18 It downplays talk that it will spin off investment bank Reuters [LONDON] The interest rate rigging scandal that has rocked British bank Barclays will be “put in perspective” by the fines handed out to rival banks, according to comments made by its top executives
      Reuters  -  459 words
    • 959 20 Justice Dept has identified potential wrongdoings by big banks, individuals NYT [NEW YORK] As regulators ramp up their global investigation into the manipulation of interest rates, the US Justice Department is building cases against several financial institutions and their employees, including
      NYT; AFP  -  959 words
    • 343 20 Reuters [DUBAI] British bank Barclays plans to pull out of the rate-setting panel for interbank lending in the United Arab Emirates (UAE) because of its involvement in the London Interbank Offered Rate (Libor) scandal in Britain, three industry sources told Reuters
      Reuters  -  343 words
    • 646 20 AFP [TOKYO] The US$5 billion buyout of a British media group last week was the latest in a line of foreign acquisitions by Japanese firms reminiscent of their heady overseas adventures during the bubble economy. The announcement on Thursday by the country’s top
      AFP  -  646 words
    • 823 22 Dual-share structure may give them little say in club’s affairs Reuters [NEW YORK] Manchester United may be one of the most supported sports teams in the world, but that doesn’t mean the soccer club is going to find many investors with an appetite for
      Reuters; REUTERS  -  823 words
    • 778 22 It allegedly sold US computer products to Iran’s largest telecom firm Reuters [WASHINGTON] The Federal Bureau of Investigation (FBI) has opened a criminal investigation into ZTE Corp, the world’s fifthbiggest telecommunications equipment maker, alleged to have illegally sold US computer products
      Reuters  -  778 words
    • 795 22 NYT [ATHENS] The 203 km border between Turkey which is not in the European Union and Greece which is has become the back door to the EU for immigrants from the Middle East, South Asia and Africa. Frontex, the EU’s border policing agency,
      NYT; REUTERS  -  795 words
    • 829 23 Shortfall in number of guards promised by contractor; trainees fall asleep NYT [LONDON] Two weeks before the Olympic Games begin, government officials involved are calling it a fiasco, and their assessments have been backed up by whistle-blowers’ accounts that have sketched out the
      NYT; REUTERS  -  829 words
    • 468 23 It takes a village just don’t expect an English one Reuters [LONDON] When the first wave of athletes arrive in the Olympic Village today, they will find that their new home from home bears little resemblance to anything found in the English countryside. In terms of physical size, it may
      Reuters  -  468 words
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  • Page 19 Advertisements
    • 5936 19 wats notices 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices RENEWABLE ENERGY ASIA GROUP LIMITED (Company Registration No. *****) (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Renewable Energy Asia Group Limited (the “Company”) will be held at Royal Room (Level
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    • 103 19 J IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF JAMBA ASIA PACIFIC PTE. LTD, (IN MEMBER'S VOLUNTARY LIQUIDATION! (Company Registration No. **********) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held
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  • Page 20 Advertisements
    • 1488 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 1 SKY ONE HOLDINGS LIMITED (Company Registration No: *****2949M) (Incorporated in the Republic of Singapore) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at M Hotel Singapore, Anson
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    • 467 20 In the Matter of the Companies Act, Cap. 50 Section 290(2)(b) And In the Matter of CHANCERY INVESTMENTS PRIVATE LIMITED (In Members’ Voluntary Liquidation) (Company Reg. No. *****0505N) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the above-named company duly convened and held at 60 Robinson
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  • Page 21 Advertisements
    • 2322 21 KATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GP Industries Limited (Incorporated in the Republic of Singapore) Co. Reg. No. *****2128C Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Industries Limited (the “Company”) will be held at Pacific 2, Level 1, Pan
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  • Page 22 Advertisements
    • 927 22 SUN EAST GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Sun East Group Limited (the “Company”) will be held at 168 Robinson Road, FTSE Room, Level 9, Capital Tower, Singapore *****2 on 10 August
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  • Page 23 Advertisements
    • 952 23 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices BIU 1B5S BANQUE INTERNATIONALE LUXEMBOURG Head Office: 69 route d'Esch, L-1470 Luxembourg Singapore Branch: 9 Raffles Place, #29-01, Republic Plaza, Singapore *****9 Balance Sheet Assets Cash and balances with central banks Loans and advances to credit institutions Loans and advances to customers
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  • AVIATION/SHIPPING
    • 577 24 Wages being paid, it says, as Mallya tells staff not to damage its image by strikes AFP [NEW DELHI] India’s struggling Kingfisher Airlines said its services would return to normal after a strike by employees over long overdue pay forced cancellation of more than three
      AFP  -  577 words
    • 429 24  -  It’ll help upgrade production platform of key gas project Reports by ALEC ALMAZAN [MANILA] Keppel Subic Shipyard Inc has been awarded a contract to establish and operate a fabrication yard to upgrade the production platform of the Malampaya deepwater gas-to-power project in offshore
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    • 232 24 [MANILA] Singapore-based ICTSI Far East Pte Ltd’s Indonesian subsidiary, PT Karwell, has acquired a 100 per cent stake in Indonesian port operator and developer PT PBM Olah Rasa Andal, further cementing its control over the Adipurusa container terminal in Jakarta’s Tanjung Priok
      232 words
    • 728 24 NYT [TEHRAN, Iran] Years of airline sanctions has forced oil-rich Iran to use substandard Russian planes and to patch up its older jets far past their normal years of service As a result, the Islamic Republic has had to draw on spare
      NYT  -  728 words
    • 256 24 SGX '000 Jul 13 S$ +/-Vol CH Offshore 0.41 0.01 347 Chuan Hup Hldg 0.22 -0.01 70 Cosco Corp 1.01 unch 6786 s$ Ezra Hldgs 1.06 -0.04 ***** First Ship Lea 0.17 unch 285 Freight Links 0.07 unch 5660 Grand Banks unch unch 0 Jaya Hold Ltd 0.58
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    • 311 24 Reuters Bloomberg [LONDON] The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry commodities, fell last week as a slump in capesize activity weighed on rates. The overall index, which reflects the daily freight market prices for capesize, panamax, supramax
      Reuters; Bloomberg  -  311 words
    • 3477 29 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
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  • Page 24 Advertisements
  • Page 24 Miscellaneous
    • 336 24 CRYPTIC CROSSWORD Across 1 An urge to see bad speller lose head (4) 3 Small amount of vintage wine set before doctor (5) 6 Bread and sugar (4) 8 Line beyond which investments yield nothing? (5,2,2,6) 9 A fellow’s first short, short and sweet (6) 10 Make economies, and ditch
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  • DINING OUT
    • 1064 25  -  By Jaime Ee NEW RESTAURANT Pollen Flower Dome, Gardens by the Bay #01-09,18 Marina Gardens Drive Singapore *****3. Tel: 6604 9988 Open Monday to Sunday for lunch and dinner IF one ever had to live in an artificial universe, one would pick the
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  • Page 25 Advertisements
    • 162 25 BIG COMPANIES are looking for employees at STJobs. You too should look no further to find a job. A*Star Breadtalk CMS Capita Certis Changi Airport CIMB Bank CISCO Security Coffee Club Dairy Farm Singapore Davy International DFS Venture Ducktours Singapore Esprit Retail Halliburton Construction Manufacturing Hyundai Engineering Construction Ikano Group
      162 words

  • SINGAPORE STOCKS
    • 2981 26 Week ended: Jul 13 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 Last Vol Week Last Quote Div GrYld 128.5 92.5 AIMSAMPIReit 128.5 +3.5 1669 128.5 124 128 128.5 6.5 12.3 573.1 M
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    • 231 27 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 $mil Last 4.6 1.3 t Advanced System 2 +0.1 ***** 2.1 1.8 1.9 2 26.5 Week Last Quote Div Gr Yld Net M Cap High
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    • 112 27 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.615 -0.015 CapitaLand 2.950 +0.030 CapitaMall 1.945 CityDev 11.360 +0.220 ComfortDelGro 1.615 +0.010 DBS Grp 14.180 +0.060 F&N 7.790 +0.390 GLP 2.190 +0.040 Genting SP 1.370 Golden Agri 0.720 +0.010 HK Land 5.980
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    • 2235 27 Transaction date: Jul 13 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.54 unch 0 Aeon Stores 23.00 unch 0 Angang Steel 4.14 -0.01 2485 Anhui Conch 21.00 0.80 ***** Anhuiexpresswa 3.47 0.09 1506 Asia Satellite 20.70 -0.15 67 Asm Pacific 99.05 -0.55 500 Bank Of E Asia 26.50
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    • 216 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.5 28.5 AVJennings A30 -2.5 12 30.5 30 29 37 3.6 11.7 2.4 78.1 46 25.5 Genting HK US$ US32 unch ***** 32 31 31.5 32 2107
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    • 186 27 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 9 1 0 0 0 7 9 1 Manufacturing 73 89 30 11 14 11 84 103 41 Commerce 33 27 18 12 3 2 45 30 20 Tpt/Stor/Comms 19 16 8
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    • 1087 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 123 +3 66 124.9 121.7 118 122 561.5 122.4 122.2 CIMB APAC Div 100S$D 122.2 126.9 127.8 103 95.8 CIMB
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    • 123 27 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 89,093 89,093 328,970 328,970 Manufacturing 1,574,670 483,862 2,058,532 849,516 19,641 869,157 Commerce 2,840,784 36,274 2,877,058 644,688 2,848 647,536 Tpt/Stor/Comms 426,615 57,179 483,794 675,367 16,217 691,584 Finance 151,975 33,429 185,404 574,404 14,702 589,106 Construction 475,179 30,223
      123 words

  • Page 27 Advertisements
    • 26 27 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
      26 words

  • FINANCE & COMMODITIES
    • 623 28 Jul 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8701.35 8759.06 8695.44 Sep12 8705.00 8755.00 8650.00 8695.00 *****5 *****8 Dec12 8620.00 8655.00 8620.00 8635.00 17 9045 MSCI TAIWAN INDEX FUTURES SPOT 251.62 252.59 250.62 Jul12 249.50 250.70 248.00 249.40 ***** *****8 Aug12 246.00 247.90
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    • 149 28 As on 13 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT AUG2012 1595.40 1569.00 1592.20 863 INDIA GOLD (E-GOLD) FUT AUG2012 532.95 524.65 529.75 1164 GOLD FUT OCT2012 1595.60 1578.80 1594.60 24 CURRENCY EUR-USD FUT SEP2012 1.2266 1.2173 1.2247 1754
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    • 107 28 Jul 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1642.00 1625.75 1650.00 1630.00 Aug 12 1594.75 1572.50 1600.00 1571.50 Sep 12 1569.50 1545.50 1574.00 1544.50 Nov 12 1552.50 1529.00 1561.50 1526.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 53.57
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    • 70 28 CRUDE OIL PRODUCTS Jul 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 98.82 -0.09 WTI (Near Mth) 85.89 -0.22 Dubai (1-Mth F) 96.18 0.10 Tapis blend 101.89 0.15 Minas 102.49 0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 89.94 0.50 Jet Kerosene 114.51 -0.20 US$/barrel OpecOil Basket
      70 words
    • 22 28 Jul 13 S$ Bid Offer 1-month 1.2696 1.2699 2-months 1.2694 1.2698 3-months 1.2692 1.2696 6-months 1.2680 1.2684 Source: OCBC
      22 words
    • 66 28 Jul 13 Jul 13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1877.50 1849.50 3 months 1910.00 1882.00 Copper, Grade A(US$/tonne) Cash 7709.00 7573.50 3 months 7700.00 7555.00 Lead(US$/tonne) Cash 1870.75 1845.50 3 months 1880.00 1856.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.50 *****.00 3
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    • 373 28 In local curr In S$ In US$ dy yr dy yr dy yr Jul 13 Index Change Change Change Change Change Change World Preliminary 868.0 1.1 4.6 0.8 1.0 1.3 3.5 EAFE Preliminary 696.0 0.7 2.0 0.7 -3.1 1.3 -0.7 Europe Preliminary 1044.6 1.2 1.8
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    • 80 28 Jul 13 COCOA (£/tonne) Close Prev High/Low Jul 12 1540 1540 1571/1539 Sep 12 1529 1520 1547/1515 Dec 12 1526 1515 1543/1510 Mar 13 1512 1503 1529/1495 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2062 2012 2024/2024 Sep 12 2063 2013 2064/2023 Nov 12 2068 2023 2068/2030 Jan 13 2052
      80 words
    • 1292 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 384 7.75 22 Conv Ratio Baker Technology Ltd W*****6 0.8 0.2 46 1 32 8 38.13 4 Price Best World Intl Ltd W*****5 0.6 1
      1,292 words
    • 470 28 Jul 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.034 6.487 0.833 7.886 56.317 96.358 0.806 11.712 3.240 1.283 95.916 42.694 1.291 8.471 1.001 30.509 32.289 0.659 1.017 Canada 0.967 6.274
      470 words
    • 58 28 Jul 13 (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$) 3 mths 0.***** 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****
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    • 136 28 Jul 13 GOLD(US$/oz) Jul 12 Jul 13 Hong Kong 1578.00 1586.50 Jul 13 Jul 13 Jul 12 London 1591.46 1560.40 1592.23 1561.15 Source: Thomson Reuters CAST BAR Jul 13 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 438 321 10gm
      136 words
    • 90 28 Jul 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 11-Oct-12 0.26 6-Month BS*****F 10-Jan-13 0.26 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.13 5-Year N*****0Z 2.375 01-Apr-17 109.35
      90 words
    • 53 28 Jul 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 2997.0 1418 Aug 12 3024.0 3013.0 3059.0 3012.0 1185 9275 Sep 12 3017.0 3012.0 3067.0 3015.0 ***** ***** Oct 12 3027.0 3023.0 3074.0 3021.0 8981 *****
      53 words
    • 154 28 Jul 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2904 1.2914 1.0164 1.0169 Canadian dollar 1.2481 1.2485 0.9832 0.9831 Euro 1.5488 1.5493 1.2199 1.2200 NZ dollar 1.0050 1.0065 0.7916 0.7926 Sterling pound 1.9596 1.9605 1.5435 1.5438
      154 words
    • 122 28 As at 9am Jul 13 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.318 1.256 Can dollar 1.275 1.215 Euro 1.586 1.511 Sterling pound 1.997 1.921 NZ dollar 1.032 0.983 US dollar 1.290 1.241 Local dollars to 100 units of
      122 words
    • 154 28 Jul 13 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.07 US$ 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 1.00 0.80 12
      154 words

  • Page 29 Advertisements

  • Page 30 Advertisements
    • 147 30 TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Announce Your Developments Come publicise your Corporate Developments, Corporate Image, Company Anniversaries, Award Wins
      147 words

  • Page 31 Advertisements
    • 856 31 THE POWER OF EFFECTIVE BRANDING, SELLING THINKING STRATEGIES Who should attend: Senior Management and Professionals in Brand Management, Public Relations Advertising, Sales Marketing, Business Development, Entrepreneurs and individuals looking to market and brand their identity FULL-DAY WORKSHOPS Critical Thinking Sun Tzu’s Art of War Style FULL-DAY SEMINAR Register at www.stjobs.sg/seminars
      856 words
    • 16 31 t Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings I CLA/FEBII/g
      16 words
  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 589 31  -  Local firm Pantropic targets SMEs for its configurable backup services By VICTORIA HO CAN a small local firm compete in the world of cloud storage, where scale is the name of the game? Pantropic is certain it knows what the five to
      589 words
    • 490 31  -  By AMIT ROY CHOUDHURY IT spending in Asia-Pacific is expected to reach US$674.3 billion, up 9.7 per cent over last year’s US$614.47 billion, according to research agency Gartner. Ri c h ar d G or d on Gartner’s research VP, told
      490 words
    • what’s up
      • 51 31 AVAYA has opened a new unified communications tech centre in Singapore, housed in the ITE College campus at Choa Chu Kang. The facility will train students in how to use its tools to set up and troubleshoot video and applications in enterprise
        51 words
      • 35 31 SENNHEISER has launched its premiumrange HD 700 headphones in Singapore. They retail for $1,399 and are available with a two-year warranty at Stereo stores in Ion Orchard and Plaza Singapura.
        35 words
      • 46 31 Hewlett-Packard (HP) has added new PCs to its all-in-one portfolio, with five new models. Its Compaq Elite 8300 starts from $1,599, to be available in September. On the lower end, its Compaq Pro 4300 will start from $1,099, expected in August.
        46 words
      • 52 31  -  Compiled by VICTORIA HO CANON has launched two 36-inch large format printers, the imagePrograf 765 and 760. They are capable of printing large documents up to 2400 x 1200 dots-per-inch and A0-sized documents in 46 seconds. The 765 and 760 are priced at $6,699 and
        52 words
    • 929 32  -  Large enterprises placing their bets on social media systems, reportsVICTORIA VICTORIA HO LARGE, global brands are tapping customer sentiment from the free-flowing social media channels and smaller firms could take a leaf from their book, according to a fast-rising social CRM (customer relationship
      929 words
    • 1035 32  -  By CLEMENT TEO ACCORDING to a 2011 Data Breach Investigations Report (DBIR) commissioned by Verizon, the number of attacks launched online against businesses increased by a factor of five between 2005 and 2010. With many businesses considering, or are already, moving
      1,035 words
    • 1152 32  -  As rivals Microsoft and Google snap at Apple’s heels, consumers are bound to get a better deal from all vendors <commentary> AMIT ROY CHOUDHURY Technology Editor ARECENTsurvey by Swedish telecoms equipment maker, Ericsson, showed that nearly 31 per cent of Singaporeans own a tablet, sec-
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  • Page 32 Advertisements
    • 24 32 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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