The Business Times, 17 September 2012
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2012-09-17
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The Business Times
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Title Section25 2012-09-17 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, eptember 17, 201225 words
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Article, Illustration972 2012-09-17 1 NISHA RAMCHANDANI - Room rates expected to increase at slower pace in midst of global uncertainties By NISHA RAMCHANDANI [SINGAPORE] After a solid first six months which brought significant gains, the local hotel industry may see growth continue at a slower pace in the second halfBLOOMBERG - 972 words
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MARKETS DIGEST
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Article57 2012-09-17 1 Weekly Change ST INDEX 3,070.42 +58.72 KL COMP 1,642.95 +18.40 NIKKEI 225 9,159.39 +287.74 HANG SENG 20,629.70 +827.60 SET INDEX 1,276.12 +30.02 JAKARTA COMP 4,257.00 +113.32 MANILA COMP 5,322.47 +121.15 SEOUL COMP 2,007.58 +78.0 SHENZHEN B 581.63 -1.08 MUMBAI IND 18,464.20 +714.60 DOW 13,593.37 +286.73 NASDAQ 3,183.95 +47.53 S&P57 words
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Article17 2012-09-17 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.284 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Article49 2012-09-17 1 US$ S$ US$ (S$ per US$) 1.222 (US$/S$ per 1.620 1.978 EURO (US$/S$/E) 1.303 1.592 Foreign currency per US$ S$ YEN 77.70 63.60 RM 3.047 2.494 HK$ 7.753 6.347 BAHT 30.77 25.19 RUPIAH 9,507 7,782 RENMINBI 6.319 5.172 INDIAN RUPEE 54.70 44.78 A$ 0.945 0.774 NZ$ 1.198 0.98149 words
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860 2012-09-17 1 GRACE LEONG - By GRACE LEONG [SINGAPORE] An accountant accused of misappropriating at least $16.6 million from five companies linked to the Hewlett-Packard Group (HP) has apparently blown the money gambling at casinos here and overseas and on cruise ships, and paying off creditors. Ewe Pang860 words
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Page 1 Advertisements
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Advertisement122 2012-09-17 1 DINING OUT The food speaks for itself at Lolla PAGE 23 BizIT Cheaptickets.sg takes aim at Asian growth PAGE 30 VIEWS FROM THE TOP Personal devices in the office PAGES 12-14 HOCK LOCK SIEW Is bond market in danger of overheating? PAGE 5 BT WEBSITES For breaking news, go to122 words
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TOP STORIES
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Article590 2012-09-17 2 Hotel industry faces slower growth in H2 AFTER a solid first six months which brought significant gains, the local hotel industry may see growth continue at a slower pace in the second half of 2012. Still, initial fears that the eurozone crisis would put a dent in tourism590 words
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Article, Illustration510 2012-09-17 2 LEE U-WEN - Only 10% practise what they preach, says Koh Boon Hwee Reports by LEE U-WEN [SINGAPORE] Flip open any corporate annual report these days and chances are there will be a section or two on how important human capital is to that particularFILE PHOTO - 510 words
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480 2012-09-17 2 Koh established the culture he wanted to have in a China firm [SINGAPORE] One of the most painful human resource decisions that Koh Boon Hwee has had to make in his 35-year career took place nearly two decades ago. Having just started a company480 words
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780 2012-09-17 2 WP [BEIJING] In the end, it wasn’t the Chinese official’s handling of a bus crash that got him in big trouble. It wasn’t the tone-deaf photo of him grinning at the scene, where 36 lives had just been consumed in flames.WP - 780 words
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Article, Illustration842 2012-09-17 4 ROB CURRAN - Obama gains points on Romney as he inspires and excites at convention time By ROB CURRAN FOR today’s US voters, personality matters more than the economy, and that should carry the White House for the Democrats. President Barack Obama’s “convention bounce” at theAP/BLOOMBERG - 842 words
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839 2012-09-17 4 ROB CURRAN - WALL STREET INSIGHT By ROB CURRAN US stocks finished near record highs after the Federal Reserve exceeded even the most exuberant of expectations with its latest round of stimulus, but traders cannot ignore weak economic data forever. The small-cap Russell 2000 finished within a839 words
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Article, Illustration890 2012-09-17 4 MINDY TAN - Upcoming flats near amenities, hubs and wanted by upgraders By MINDY TAN [SINGAPORE] Even as a large pipeline of residential units in Punggol has sparked market chatter over a possible over-sup-ply, other areas in Singapore, including the Kovan/Lorong Ah Soo/Hou gang belt, Pasir Ris, andSource: R’ST Research - 890 words
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Advertisement95 2012-09-17 2 Ready for your MBA? Meet the World’s Best Business Schools at The MBA Tour Conference in Singapore Tuesday September 18,2012 4:00pm-9:30pm Marina Mandarin Singapore Hotel Marina Square, 6 Raffles Blvd, Singapore *****4 THE MBAlOUR Your future begins here Bentley University Brandeis University City University London College of William Mary Copenhagen95 words
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Advertisement63 2012-09-17 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, Bank Sarasin is known for its innovative approach. It’s part of our heritage to consider private banking from every angle to construct a wealth63 words
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Advertisement213 2012-09-17 4 SAMSUNG C&T CORPORATION, South East Asia Regional Headquarter based in Singapore, a leading Global EPC Contractor and Property, Infrastructure, Power and Energy Plant Developer, is seeking highly experienced and qualified experts to join the company, or to render their advisory services to the company in the following sectors of specialization:213 words
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Advertisement11 2012-09-17 5 CATS Recruit The first door to your world of opportunities CLA/AUG06/g11 words
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Advertisement36 2012-09-17 5 church-footwear.com Northampton, England English shoes V CONSUL Leather Lined, Leather Sole Singapore Shop 2-8, Level 2, Ion Orchard Hong Kong Shop G33, Ground Floor, Prince’s Building Shop 361, Level 3, Pacific Place Shop 2088A, 2/F, Elements36 words
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COMPANY NEWS
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828 2012-09-17 5 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN LAST Friday, private bank salespeople and brokers were jostling to sell Aspial Corp bonds and Swiber Holdings perpetual securities. On offer from Aspial, a jeweller-cum-property developer and pawnbroker, were 2year $65 million 4.5 per cent bonds.828 words
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Article297 2012-09-17 5 Sep 14 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a ...5.75297 words
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Article228 2012-09-17 5 COMPANY MEETING PLACE DATE TIME Adv Integrated E 23 Ubi Crescent Boardroom Level 4 17-Sep 10.00am Infinio Group E 2 Leng Kee Road #03-04 Thye Hong Centre 19-Sep 11.00am Swing Media S Six Battery Road #10-01 21-Sep 9.30am New Lakeside E 8 Wilkie Road #03-08 Wilkie Edge 21-Sep228 words
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Article, Illustration1800 2012-09-17 8 MANO SABNANI - Precision plastic parts maker Sunningdale Tech’s focus on improving capabilities and developing markets pays off, writes MANO SABNANI UniSIM COMPANY INSIGHT MANO SABNANI Mano Sabnani, a veteran writer/editor, value investor and corporate advisor, wrote this piece based on a case study he completed recently1,800 words
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1494 2012-09-17 8 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying was high for the third straight week while the selling among directors rose for the second straight week, based on filings on the Singapore Exchange in the second week of1,494 words
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SINGAPORE MARKETS
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Article, Illustration644 2012-09-17 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent OVER the course of this year, it has become apparent that the best trading strategy for investors in this highrisk, low-return environment is to first identify the key bailout events (European summits involving heads of state or finance ministers, general/parliamentary644 words
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531 2012-09-17 6 CURRENCIES Bloomberg [NEW YORK] The US dollar last week fell by the most in 11 months against the euro after the Federal Reserve said it would start a third round of asset purchases to boost the economy, which tends toBloomberg - 531 words
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560 2012-09-17 6 COMMODITIES AFP [LONDON] Commodities surged last week, with many striking multimonth peaks after the Federal Reserve embarked upon new stimulus plans to boost the US economy, a major consumer of raw materials. Global markets rallied after the Fed said last Thursday that it would startAFP - 560 words
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Article1514 2012-09-17 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 Industrial REIT 2.00 2.00 2 10.00 14.00 1.42 1.40 Amtek Engineering Ltd 2.67 1.67 6 0.07 6.88 0.71 0.61 ARA Asset Management Limited 1.381,514 words
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Article66 2012-09-17 6 Sep 14 VALUE CLOSE BT OB/OS 455.00 +203.0 BT CADI -*****.00 +252.0 BT 10-day MA -*****.00 +46.00 FTSE ST Mid Cap 728.05 +6.71 FTSE ST Small Cap 487.86 +5.13 FTSE ST All Share 747.37 +9.22 FTSE ST China Top 203.27 +2.66 FTSE ST China 220.35 +5.18 FTSE66 words
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Article55 2012-09-17 6 VOLUME Golden Agri 509,957,000 Noble Grp 310,646,000 GSH Corp 263,852,000 Thai Beverage 228,406,000 Contel 213,352,000 Genting SP 180,050,000 Wilmar 132,163,000 Equation 118,181,000 Yoma 116,531,000 Midas 111,224,000 VALUE($) F&N 544,336,940 Wilmar 408,345,585 Noble Grp 401,893,773 Golden Agri 344,133,094 Genting SP 247,632,834 DBS Grp 224,489,395 CapitaLand 202,064,120 GLP 202,044,03055 words
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Article120 2012-09-17 6 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 961.3 3.4 GLD 10US$ ***** 929.6 4.6 DBXT Nifty 10US$ ***** 662.1 5.6 DBXT iBoxxKR 5US$ ***** 539.9 3.3 DBXT MSKorea 10US$ 5886 428.8 6.3 DBXT MSEurope 10US$ 4638 366.5 6.9 DBXT SPASX200 10US$ 3533 213.8 5.2 DBXT MSAsExJp 10US$ 3141120 words
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Article131 2012-09-17 6 BY CENTS CLOSE DOWN DBXT EONIA 5US$ ***** -111.2 -0.5 DBXT S&P Short 10US$ 3463 -84.3 -2.0 DBXT USDIGInfl 5US$ ***** -70.9 -0.2 DBXT DBCBLEB 10US$ 2134 -47.6 -1.8 IS S&P500 ***** -45.2 -0.3 DBXT iBoxxUSTr 5US$ ***** -42.8 -0.2 JSH 3265 -42.8 -1.1 UOB 5.05%NCPS 100 ***** -36.0131 words
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Page 7 Advertisements
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Advertisement150 2012-09-17 7 I SIN RE i SENTOSA COVE 1 n ■>& A i a es> w r /£T i S y. a. < >13 f?3 %w.. M mm pr*V 1 m q.*a. r/< V. -D. m m. o& xw. My ,j i.k <x j n i la in ?-S BUi l-V A150 words
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SINGAPORE NEWS
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Article905 2012-09-17 9 Payment Ex Books Pay Ann (cts) date close date date Ace Achieve Infocom bo 0.300 09-Nov 14-Nov 28-Nov 30-Aug Advanced Holdings aw 0.400 10-Sep 12-Sep 26-Sep 04-Sep Advanced Holdings bh 1.000 10-Sep 12-Sep 26-Sep 04-Sep AIMS AMP CapInd REIT ag 2.500 30-Jul 01-Aug 18-Sep 19-Jul Amtek Engrg ak905 words
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660 2012-09-17 9 Daniel Chia - Employment contracts must be well-drafted and updated to ensure employer of protection against errant employees ASK Daniel Chia director QUESTION: I have read in the newspapers about how restrictions placed on a dentist against competing with his former employer were not upheld even though the660 words
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Page 9 Advertisements
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Advertisement346 2012-09-17 9 n ri lT j J FIND THE ONES THAT FIT! C rsJ 73 t rJ 1 Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. J IX J U rJ WAT-3 C" RECRUIT I O CLA/DE^OS/y****^ HAVE a pressing question about a corporate-law-related346 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1418 2012-09-17 10 Since 2010, Peter Thiel, founding investor of PayPal, has been bankrolling people under the age of 20 who want to find the next big thing provided that they don’t look for it in college NYT EDEN Full should be back at Princeton byNYT - 1,418 words
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Article, Illustration1059 2012-09-17 10 ZEINAB YUSUF SAIWALLAreports - Having studied prediction theory Yin Shanqing knows its pitfalls. STARTING YOUNG SAIWALLAreports ZEINAB YUSUF SAIWALLAreports HUMAN factors specialist Yin Shanqing, who began investing recently, spent the last four years studying how predictions are made in the oil refinery business and decided to apply the lessons heARTHUR LEE - 1,059 words
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Page 10 Advertisements
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Advertisement30 2012-09-17 10 If you’re between the ages of 17 and 30, and think you’ve got an interesting investing or entrepreneurship story to share, e-mail btyif@sph.com.sg with “Starting Young” in the subject heading30 words
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Advertisement156 2012-09-17 10 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 to156 words
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Page 11 Advertisements
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Advertisement119 2012-09-17 11 We are proud of our friend and his contributions to our society Mr David Teo Chairman of Super Group Ltd on his conferment of The Public Service Star BBM (L) by His Excellency The President of the Republic of Singapore YÜÉÅM Ang Sin Liu Dr John Chen Michael Cheng K.K.119 words
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VIEWS FROM THE TOP
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Article, Illustration5582 2012-09-17 12 THIS WEEK’S TOPIC Do you see the BYOD (Bring Your Own Device) movement gaining traction in Singapore organisations, and if so, why? In implementing a BYOD policy, how would you allow choice while addressing issues like security and support? Teo Lay Lim Managing Director SingaporeST FILE PHOTO - 5,582 words
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Page 13 Advertisements
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Advertisement830 2012-09-17 13 WATSON GOES TO WORK. On 16 February 2011, the IBM computer Watson rang in with the correct response {Who is Bram Stoker?) to the final clue, winning a challenge against two human champions of the TV quiz show Jeopardy! It was a rare pop culture moment for a project that830 words
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Page 14 Advertisements
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Advertisement311 2012-09-17 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NIKKO AM SHENTON DYNAMIC BOND FUND (THE “FUND”) NOTICE OF EXTRAORDINARY GENERAL MEETING OF UNITHOLDERS NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the holders of the units in the Fund will be held at the office of Nikko Asset311 words
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Advertisement195 2012-09-17 14 IN THE MATTER OF THE COMPANIES ACT, HARTER 50 AND IN THE MATTER OF FM CONTRACTING SERVICES PRIVATE LIMITED (IN CREDITORS’VOLUNTARY LIQUIDATION) (Company Registration No.: *****7019W) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the195 words
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Advertisement193 2012-09-17 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CHUAN INDUSTRIES PTE LTD (IN CREDITORS'VOLUNTARY LIQUIDATION) (Company Registration No. *****1871G) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member193 words
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Advertisement11 2012-09-17 14 A full list of views from CEOs is available at http://businesstimes.com.sg11 words
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MALAYSIA
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811 2012-09-17 15 Kumpulan Wang Persaraan, Lembaga Tabung Haji latest buyers of property [PETALING JAYA] Malaysian funds and the private sector have invested close to £3 billion (S$5.9 billion) in prime central London since September 2009, the Star reported. The latest three purchases are said to be by811 words
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555 2012-09-17 15 7 new projects bring it closer to target of RM113b this year [KUALA LUMPUR] The Malaysian government is likely to achieve the private investment target of RM113 billion (S$45.4 billion) this year with the latest rollout of seven new projects under the Economic555 words
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Advertisement116 2012-09-17 15 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 kind116 words
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GREATER CHINA/INDIA
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Article, Illustration690 2012-09-17 16 Companies say low valuation affects financing plans, management morale Xinhua [BEIJING] Chinese companies will return to the US stock market despite a sharp decline of initial public offering (IPO) activities in recent months, but the recovery may not begin untilXinhua - 690 words
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Article225 2012-09-17 16 Bloomberg [HONG KONG] Home Depot Inc, the largest US home-im-provement retailer, is closing its remaining seven big box stores in China as it shifts focus to specialty and online outlets in the world’s second-largest economy. About 850 workers will be fired, and the companyBloomberg - 225 words
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Article, Illustration753 2012-09-17 16 Govt faces protests, strike threats, internal dissent AFP [NEW DELHI] The Indian government faces protests, strike threats and internal dissent this week in what promises to be a test of its reform credentials and its bid to regain momentum. Determined to reduce public borrowingAFP; AP - 753 words
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755 2012-09-17 16 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo WITH relations between Japan and China at their lowest ebb in years and amid rising concerns over the safety of Japanese citizens in China, Japanese Prime Minister Yoshihiko Noda is planning to raise the territorial issue between755 words
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Article1623 2012-09-17 16 VOL Sep 14 RM +/-(‘000) VOL Advance Synerg 0.16 unch 86 Adventa Bhd 1.80 unch 24 Ae Multi Hldgs 0.20 unch 36 Affin Holdings 3.36 0.03 183 Ahmad Zaki Res 0.69 0.01 80 Airasia Bhd 3.10 0.15 ***** Alliance Finan 4.10 0.03 2558 Aluminium Co 0.83 unch 691,623 words
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ECONOMY WATCH
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Article, Illustration606 2012-09-17 17 To maintain growth, domestic demand must play bigger role, say analysts AFP [TIANJIN] Asia must fight complacency and transform its economic and social models if it is to keep driving global growth in years to come as Europe and the US slow, expertsAFP - 606 words
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469 2012-09-17 17 Reuters [NEW YORK] US regulators and exchanges are looking at sweeping circuit breakers and other speed bumps for the high-speed world of electronic trading in case glitches occur, industry executives said last week, but also noted they are being overwhelmedReuters - 469 words
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424 2012-09-17 17 Reuters [FRANKFURT] Hopes of an Autumn revival in Europe’s new listings market have taken a step back, with cancellations by two German firms last week showing the gap between what investors are willing to pay, and what companies think they are worth, isReuters - 424 words
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Page 17 Advertisements
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Advertisement87 2012-09-17 17 TV i Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow87 words
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WORLD
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Article, Illustration587 2012-09-17 18 Disagreement on making ECB regionwide supervisor with sweeping powers AP [NICOSIA, Cyprus] Europe faces weeks of tough negotiations to agree on a new re-gion-wide banking supervisor after divisions emerged over the new body’s powers at a meeting of the region’s finance ministers lastAP - 587 words
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485 2012-09-17 18 AFP [NEW YORK] Occupy Wall Street will mark its first anniversary today by attempting to blockade the New York Stock Exchange and re-launch the movement against what it sees as inequality, organisers said. The social protest movement has seen a steep dropAFP - 485 words
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295 2012-09-17 18 AP [NEW YORK] Warren Buffett says he’s done with radiation treatments for cancer, and the “Oracle of Omaha” seems eager to move on. The billionaire investor and chairman and CEO of investment firm Berkshire Hathaway broke the news on Friday while speaking to aAP - 295 words
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Article, Illustration436 2012-09-17 18 Bloomberg [LONDON] An unrestored 1928 Mercedes Benz kept in a garage for 84 years sold for an above-estimate US$4.5 million at a UK auction last night. Wealthy collectors also competed for classic cars made by marques such as Lagonda, Maserati and Alfa Romeo at theBloomberg; BLOOMBERG - 436 words
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387 2012-09-17 18 AFP [YANGON] Democracy champion Aung San Suu Kyi left Myanmar yesterday for a landmark trip to the United States, set to see her feted by the US president and quizzed on the progress of reforms. The Nobel laureate, who was elected to ParliamentAFP - 387 words
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Article, Illustration573 2012-09-17 18 But violence may be levelling off: US Defense Secretary AP Bloomberg [WASHINGTON] US Defense Secretary Leon Panetta said yesterday that the turmoil raging across the Muslim world is likely to continue into the days ahead, but he added that the violence expected by theAP; Bloomberg; AFP - 573 words
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Article, Illustration938 2012-09-17 19 ANTHONY ROWLEY - Plan meets criticism due to implications like higher electricity, fuel costs By ANTHONY ROWLEY in Tokyo THE Japanese government’s adoption last Friday of a new long-term energy policy that would end the country’s reliance on nuclear power by the end of the 2030s appearsREUTERS - 938 words
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406 2012-09-17 19 Reuters [NEW YORK] JPMorgan Chase Co’s compliance with US anti-money laundering laws is being reviewed by a banking regulator, a source said, making the largest US bank the latest target of a wide investigation of how banks prevent transactions involving drug money and sanctionedReuters - 406 words
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Article, Illustration337 2012-09-17 19 Bloomberg [MELBOURNE] Australia will focus spending on vital services such as education while cutting expenditure in order to return the budget to surplus this year, Treasurer Wayne Swan said. The government made more than A$130 billion (S$167 billion) in savings over theBloomberg - 337 words
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570 2012-09-17 19 2011 earthquake may have raised risk of volcano erupting Reuters [TOKYO] When Toshitsugu Fujii became head of a Japanese task force on disaster response at Mount Fuji, he was confronted with a startling oversight: Japan had no plan in place to dealReuters - 570 words
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533 2012-09-17 19 Investment vehicles blamed for driving up global food prices AFP [FRANKFURT] German banks seem to be losing their appetite for agricultural commodities trading as public opinion turns against the investment vehicles blamed for driving up global food prices. Catastrophic droughts this summerAFP - 533 words
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817 2012-09-17 20 Canadian firm’s US$160m investment in Tanzania offers cautionary tale Reuters [NAIROBI] As giant oil and gas discoveries have some of the world’s biggest energy firms jostling for space in East Africa, the fate of one gas producer offers them a cautionary tale. AfterReuters - 817 words
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Article, Illustration600 2012-09-17 20 Reuters [MELBOURNE] Times are tough for Australian retailers. A strong local dollar is luring shoppers to chase online bargains from overseas rivals, while relatively high interest rates and falling home and share values mean some are simply spending less. Department store sales slumpedReuters; BLOOMBERG - 600 words
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Article, Illustration628 2012-09-17 20 AFP [MOSCOW] From falling profits to an EU anti-trust probe and a possibly misguided strategy based on pipelines storm clouds are finally gathering over Russia’s previously invincible gas giant Gazprom. A January to March net profit slip of 23.5 per cent marked the start of anAFP - 628 words
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468 2012-09-17 20 Move part of plan to reduce costs by US$1 billion Bloomberg [LONDON] Nomura Holdings Inc cut a team of London proprietary traders focused on stocks as Japan’s largest brokerage scales back in Europe, said two people with knowledge of the matter. The group ofBloomberg - 468 words
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663 2012-09-17 20 Transition to fiscal transparency necessary: paper AFP [GENEVA] With their longcherished secrecy practices increasingly under attack, Swiss banks are scrambling for a new way to attract wealthy foreign clients. “Banking secrecy is no longer there. That’s gone. It is over,” internationalAFP - 663 words
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Page 19 Advertisements
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Advertisement411 2012-09-17 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LARRIKIN PTE. LIMITED (Co. Registration No. *****0849M) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2L, Block 3, Camelpaint Building, 60 Hoi Yuen411 words
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Page 20 Advertisements
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Advertisement22 2012-09-17 20 Air Con Services Des\gners T s 0 0 \nter\ov DecoraW STDIRECTORY.se Search from 16 categories with results showing maps, addresses and more.22 words
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Advertisement26 2012-09-17 21 tfujkjf hJLAJL ov k)aof-uo (Thanks Richard!) All the great songs in one place KISS 92 MOBILE APP NOW AVAILABLE ON APPLE ft ANDROID www.kiss92.sg Bwww.facebook.com/kiss92fm 0Kiss92fm26 words
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AVIATION/SHIPPING
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966 2012-09-17 22 Shipment rush for pre-holiday season a bright spot for air cargo industry Bloomberg [NEW YORK] A surge in the introduction of new technology products, including Apple Inc’s iPhone 5, is poised to drive up rates for shipping by plane, benefiting companies fromBloomberg - 966 words
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Article255 2012-09-17 22 SGX '000 Sep 14 S$ +/-Vol CH Offshore 0.46 0.01 1138 Chuan Hup Hldg 0.25 unch 48 Cosco Corp 1.00 0.02 ***** S$ Ezra Hldgs 1.16 0.01 ***** First Ship Lea 0.12 unch 2176 Freight Links 0.07 0.01 ***** Grand Banks 0.31 0.01 10 Jaya Hold Ltd 0.57255 words
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Article, Illustration819 2012-09-17 22 It aims to maintain market share, saying price war not option Reuters [MADISON, NEW JERSEY] US and European debt crises are paralysing consumer demand for goods exported from China and putting downward pressure on some shipping rates, said Nils Andersen, chief executive of DanishReuters; REUTERS - 819 words
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678 2012-09-17 22 WP [WASHINGTON] America’s ailing ports are almost invisible amid the country’s failing infrastructure, overshadowed by deteriorating transit systems, the flickering electrical grid, water systems that leak one-quar-ter of their load, and the need for new roads and bridges. But the stuff that passesWP - 678 words
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3449 2012-09-17 27 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination3,449 words
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Page 22 Advertisements
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Advertisement22 2012-09-17 22 Ik FTSESTMid Cap Index second best performing Mi Lianhe Zaobao n y V < V To subscribe, call 6388-3838 or go to sphsubscription.com.sg22 words
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Page 22 Miscellaneous
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Miscellaneous326 2012-09-17 22 CRYPTIC CROSSWORD Across 1 Pinched permit offering handy protection (8) 9 Difficult task, with no hotel for the most loyal supporters (4,4) 10 Exploit energy retained by adipose tissue (4) 11 A German gets organised, employing a theatrical supervisor (5,7) 13 Lady’s innumerable liaisons initially dismissed (8) 15 Stop in326 words
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DINING OUT
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Article, Illustration1018 2012-09-17 23 DEBBIE YONG - The food speaks for itself at tapas bar Lolla, with a mix of inventive and authentic cuisine. By DEBBIE YONG NEW RESTAURANT Lolla 22 Ann Siang Road Tel: *****228 www.lolla.com.sg IT somehow feels like we’ve been here before except that we haven’t. Lolla is a week-old restaurant1,018 words
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Page 23 Advertisements
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Advertisement61 2012-09-17 23 BT Wine, Dine opjp &J-los|Ditality V. A Pages Tv IM 4 7 Published on Mon, Wed and Fri For advertisement bookings and sales enquiries, please contact: Amy Choo 9690 3432 Lawrence Chang 9229 4919 Francis Yeo 9620 1356 Adeline Goh 9681 8289 Alisa Tan 9154 8381 Lina Tan 9620 135561 words
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Advertisement90 2012-09-17 23 WEEK ENDS. Indulgence begins. Laze, graze, forget week days. Gourmets can now give themselves over to pure culinary pleasure all weekend long at Conrad Centennial Singapore. Afternoon Delight Lobby Lounge $45++ per person* 1pm to 5pm (avail. Sat Sun) Oscar's Sunday Amazing Graze $78++ $148++ per person* per person* (food90 words
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SINGAPORE STOCKS
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Article3399 2012-09-17 24 Week ended: Sep 14 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol ('000) 145 92.5 AIMSAMPIReit 140 +6 1579 145 134.5 139.5 140 6 13.4 624.3 High3,399 words
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Article250 2012-09-17 25 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Tel Last 4.6 1.3 t Advanced System 1.9 unch 5223 2 1.9 1.9 2 25.2 Week Last Quote Div Gr Yld Net250 words
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Article116 2012-09-17 25 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.650 +0.020 CapitaLand 3.180 +0.030 CapitaMall 1.990 +0.010 CityDev 11.400 +0.220 ComfortDelGro 1.650 DBS Grp 14.710 +0.100 F&N 8.970 +0.050 GLP 2.590 -0.070 Genting SP 1.380 +0.010 Golden Agri 0.690 +0.020 HK Land116 words
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Article2223 2012-09-17 25 Transaction date: Sep 14 HONG KONG Vol HK$ +/-'000 Aeon Stores 20.20 -0.80 44 Angang Steel 4.45 0.35 ***** Anhui Conch 23.70 1.05 ***** Anhuiexpresswa 3.40 0.09 852 Asia Satellite 24.25 unch 4 Asm Pacific 92.20 0.20 502 Bank Of E Asia 28.90 0.60 2918 Beida Jade Bir2,223 words
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Article203 2012-09-17 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 $mil Company 41.5 25.5 Genting HK US$ US34 +1 ***** 34.5 32.5 33.5 34 2238.7 10.5 6.9 OGL Resources A$ A6.9 3.9 8.9 1 220 168 TanChongInt HK208203 words
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Article186 2012-09-17 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 5 0 0 0 0 12 5 0 Manufacturing 98 60 42 16 10 13 114 70 55 Commerce 49 14 14 8 8 0 57 22 14 Tpt/Stor/Comms 29 11 4186 words
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Article1114 2012-09-17 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 $mil 130 114.4 ABF SG Bond ETF 120.5 +0.4 20 123.4 120.3 119 122 550.1 127.1 120.4 CIMB APAC Div 100S$D 126.1 -1 10 126.6 124.3 126.11,114 words
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Article123 2012-09-17 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 87,290 87,290 267,449 267,449 Manufacturing 1,813,263 397,250 2,210,513 1,747,540 12,276 1,759,816 Commerce 1,044,717 21,707 1,066,424 889,729 1,823 891,552 Tpt/Stor/Comms 521,012 81,253 602,265 708,091 24,649 732,740 Finance 121,959 5,616 127,575 663,404 2,422 665,826 Construction 312,781 49,908123 words
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Page 25 Advertisements
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Advertisement24 2012-09-17 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THEBUSINESSTIMES24 words
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FINANCE & COMMODITIES
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Article656 2012-09-17 26 Sep 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9097.92 9193.27 9081.80 Dec12 8890.00 9135.00 8870.00 9080.00 ***** *****9 Mar13 9065.00 0 410 MSCI TAIWAN INDEX FUTURES SPOT 271.86 275.88 271.86 Sep12 269.60 276.20 269.00 275.70 ***** *****0 Oct12 269.50 275.70 269.50 275.70656 words
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373 2012-09-17 26 In local curr In S$ In US$ dy yr dy yr dy yr Sep 14 Index Change Change Change Change Change Change World Preliminary 936.8 1.1 12.9 0.5 7.3 1.4 14.0 EAFE Preliminary 744.2 1.7 9.1 1.6 4.5 2.5 11.1 Europe Preliminary 1134.2 1.7 10.5373 words
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Article, Illustration135 2012-09-17 26 As on 14 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 592.45 588.35 586.65 471 GOLD FUT DEC2012 1779.40 1769.50 1772.50 146 CURRENCY EUR-USD FUT SEP2012 1.3162 1.3009 1.3111 1607 EUR-USD FUT DEC2012 1.3163 1.3110 1.3121 377135 words
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Article107 2012-09-17 26 Sep 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 12 1736.50 1743.50 1760.25 1742.25 Nov 12 1739.00 1747.25 1765.75 1737.50 Jan 13 1740.00 1748.00 1765.75 1738.25 Mar 13 1702.75 1705.00 1728.25 1701.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 12 56.64107 words
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Article70 2012-09-17 26 CRUDE OIL PRODUCTS Sep 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.86 0.34 WTI (Near Mth) 97.91 1.08 Dubai (1-Mth F) 112.92 -0.17 Tapis blend 118.92 -0.19 Minas 115.07 -0.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.44 -2.06 Jet Kerosene 135.24 -0.24 US$/barrel OpecOil Basket70 words
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Article22 2012-09-17 26 Sep 14 S$ Bid Offer 1-month 1.2215 1.2217 2-months 1.2215 1.2217 3-months 1.2214 1.2216 6-months 1.2209 1.2211 Source: OCBC22 words
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Article66 2012-09-17 26 Sep 14 Sep 14 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2200.00 2101.25 3 months 2200.00 2102.00 Copper, Grade A(US$/tonne) Cash 8362.60 8059.25 3 months 8380.00 8075.00 Lead(US$/tonne) Cash 2261.00 2146.50 3 months 2265.00 2157.50 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 366 words
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Article80 2012-09-17 26 Sep 14 COCOA (£/tonne) Close Prev High/Low Dec 12 1692 1688 1713/1682 Mar 13 1676 1671 1697/1669 May 13 1680 1676 1700/1675 Jul 13 1685 1680 1702/1681 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2060 2059 2086/2085 Nov 12 2083 2082 2107/2071 Jan 13 2097 2095 2119/2089 Mar 13 211180 words
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1442 2012-09-17 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 4 1 146 582 5.50 20 Conv Ratio Baker Technology Ltd W*****6 0.7 unch 5367 1 32 -1 47.14 2 BakerTech W*****5 7 unch 1692 1 27 31,442 words
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Article470 2012-09-17 26 Sep 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.021 6.685 0.812 8.202 57.875 100.585 0.822 11.820 3.223 1.268 100.013 43.815 1.292 8.735 0.988 31.110 32.558 0.653 1.058 Canada 0.979 6.545470 words
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Article62 2012-09-17 26 Sep 14 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP62 words
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Article136 2012-09-17 26 Sep 14 GOLD(US$/oz) Sep 13 Sep 14 Hong Kong 1736.00 1777.00 Sep 14 Sep 14 Sep 13 London 1773.95 1733.11 1774.75 1733.88 Source: Thomson Reuters CAST BAR Sep 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 167 69 5gm 473 347 10gm136 words
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Article92 2012-09-17 26 Sep 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 13-Dec-12 0.26 6-Month BS*****T 07-Mar-13 0.26 1-Year BY*****T 02-May-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 99.99 100.04 100.04 5-Year N*****0Z 2.37592 words
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Article53 2012-09-17 26 Sep 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2794.0 924 Oct 12 2869.0 2855.0 2876.0 2842.0 779 5852 Nov 12 2937.0 2912.0 2945.0 2905.0 ***** ***** Dec 12 2980.0 2955.0 2993.0 2952.0 ***** *****53 words
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Article154 2012-09-17 26 Sep 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2920 1.2928 1.0577 1.0582 Canadian dollar 1.2649 1.2657 1.0361 1.0355 Euro 1.5912 1.5919 1.3027 1.3030 NZ dollar 1.0191 1.0195 0.8343 0.8345 Sterling pound 1.9781 1.9787 1.6194 1.6196154 words
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Article121 2012-09-17 26 As at 9am Sep 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.320 1.258 Can dollar 1.294 1.233 Euro 1.628 1.551 Sterling pound 2.016 1.939 NZ dollar 1.047 0.998 US dollar 1.242 1.195 Local dollars to 100 units of foreign121 words
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Article160 2012-09-17 26 Sep 14 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ 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 12160 words
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Page 27 Advertisements
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Advertisement28 2012-09-17 27 Corrs: Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times28 words
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Advertisement18 2012-09-17 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times18 words
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Page 28 Advertisements
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Advertisement125 2012-09-17 28 TO ADVERTISE IN .The Business Times MIL UUJII'JLJJ I IIVIL J SHIPPING TIMES CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 I M- UUJINLJJ IIVII125 words
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Page 29 Advertisements
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Advertisement20 2012-09-17 29 www.omy.sg "FDcIlifr omyapps tfc% n ■•j j j omy News omy Showbiz SHH35flU 2AA*K mm m m&mm i¥liifft3}SQR Code. 5£±www.omy.sgSi'6]o20 words
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Advertisement14 2012-09-17 29 m m SINGAPORE'S Horresr hits HEAR rnewAureo's HOTTEST HITS ON HOT FM 91.3 (JJjJ)14 words
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BizIT
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Article, Illustration884 2012-09-17 30 reportsVICTORIA HO - Travel arm boss says online bookings in region stands at just 5%, reports VICTORIA HO reportsVICTORIA reportsVICTORIA HO CHEAPTICKETS.SGis the latest addition to the panoply o f s i t es se ll i n g cheap air travel in the region. While large884 words
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Article, Illustration774 2012-09-17 30 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY MARKET saturation is driving most Singapore-based contact centres to make the change from being revenue generating set-ups to services centres, according to Servion Global Solutions, which offers solutions and services to contact centre operators. Contact centres refer to an integrated774 words
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Article, Illustration453 2012-09-17 30 Bloomberg [SAN FRANCISCO] Intel Corp, the world’s largest semiconductor maker, is betting that the growth of Internet connections in everything from passenger jets to vending machines will help reduce its reliance on chips for personal computers and data centres. More thanBloomberg; BLOOMBERG FILE PHOTO - 453 words
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985 2012-09-17 30 CHARLES REED ANDERSON - Enterprise mobility battle intensifies as more vendors jostle for a slice of the pie <you say> By CHARLES REED ANDERSON The writer is associate vice-president, head telecom practice, mobility lead at IDC Asia/Pacific THE mobility market is moving with lightning speed. We are witnessing985 words
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Article, Illustration873 2012-09-17 29 AMIT ROY CHOUDHURY - Savvis study shows that firms here lead global cloud adoption rates By AMIT ROY CHOUDHURY VIRTUALLY all 98 per cent of Singapore’s IT decision makers will outsource the bulk of their IT infrastructure and move it to the cloud in the next five years,873 words
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699 2012-09-17 29 Findings by judge subject to review by full commission Bloomberg [WASHINGTON] Apple Inc won a round of a US International Trade Commission case brought by Samsung Electronics Co over patented technology in the iPhone and iPad tablet computer, its second USBloomberg - 699 words
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Article, Illustration506 2012-09-17 29 Bloomberg [SHANGHAI] Apple Inc co-founder Steve Wozniak said he plans to get the iPhone 5 and hopes it takes better photos than the ones he captures with his Samsung Galaxy S III. “I am always excited about every iPhone product because there are always goodBloomberg - 506 words
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363 2012-09-17 29 Bloomberg [SAN FRANCISCO] Facebook is doing a better job than Google in getting Web surfers to click on advertising based on browsing history, according to partners using the social network’s ad service that debuted in June. Facebook Exchange, or FBX, generates as much asBloomberg - 363 words
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Article180 2012-09-17 29 Reuters [FRANKFURT] A court in Munich ruled last Thursday that Motorola Mobility, owned by Google Inc, had infringed an Apple Inc patent and ordered that all tablets and smartphones containing the technology be recalled. Judge Peter Guntz said that Motorola had infringed Apple’s “overscroll bounce”Reuters - 180 words
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<what’s up>
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Article45 2012-09-17 29 BLUE Coat has appointed Albert Kuo as its vice-president of field operations. Prior joining the firm, he was vice-president and general manager for Asia-Pacific and Japan with Hewlett-Packard’s enterprise security products unit. He has also worked at Tibco and BEA.45 words
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Article47 2012-09-17 29 HP has cranked out three more all-in-one PCs for its consumer line-up. The Envy 23 and Envy 20 are Intel-powered touchscreen PCs, and offer Beats-branded audio speakers. The Pavilion 20 is targeted at the home user, but does not have a touchscreen.47 words
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53 2012-09-17 29 VICTORIA HO - Compiled by VICTORIA HO CANON has just launched a large enterprise hardcopy device. Its multifunction Imagerunner Advance C5200 can handle 55 pages per minute black-and-white printing speeds, and 51 ppm in colour. It can also scan documents at up to 75ppm in black-and-white and 5153 words
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