The Business Times, 4 October 2012

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Total Pages: 49
1 14 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, October 4, 2012
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  • 1150 1  -  Govt to allow multi-class shares, more proxies at shareholder meetings, among others By KENNETH LIM, CAI HAOXIANG [SINGAPORE] The Republic will finally seek to enfranchise CPF investors and to allow multi-class shares among public companies in the most thorough revision to the Companies Act
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  • 658 1  -  Growth forecasts of Asian giants scaled back amid gloom By ANTHONY ROWLEY in Tokyo THE Asian Development Bank (ADB) yesterday slashed its growth forecasts for developing Asian economies including China and India this year and in 2013. It warned that after years of
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,077.14 (-2.00) HST INDEX FUTURES 3,077.00 (-2.00) HSIMSCI 351.03 (-1.32) HSIMSCI FUTURES 351.10 (-1.60) US$ S$ US$ (S$ per US$) 1.232 (US$/S$ per 1.611 1.984 EURO (US$/S$/€) 1.292 1.591 Foreign currency per US$ S$ YEN 78.20 63.50 RM 3.060 2.483 HK$ 7.755 6.295 BAHT 30.68 24.90 RUPIAH
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    • 45 1 Wednesday Change KL COMP 1,649.75 -1.28 NIKKEI 225 8,746.87 -39.18 HANG SENG 20,888.28 +47.90 SET INDEX 1,307.55 +1.89 JAKARTA COMP 4,251.51 -5.33 MANILA COMP 5,375.52 +26.84 SEOUL COMP Closed SHENZHEN B Closed MUMBAI IND 18,869.69 +45.78 12noonEDT Change DOW 13,526.03 +43.67 NASDAQ 3,138.60 +18.56
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    • 17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.493 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Page 1 Advertisements
    • 192 1 SIAS AWARDS BTjournalists bag half the gongs PAGE 2 LEADERS IN UNCHARTED TERRITORY Managing talent in uncertain times page 13 PROPERTY HNWI doing due diligence on Murray Terrace page 35 TIES THAT THRIVE SGX poised for next spurt of growth PAGE 36 Look out for the 14-page special supplement on
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  • TOP STORIES
    • 377 2 Major overhaul of Companies Act SINGAPORE will finally seek to enfranchise CPF investors and to allow multi-class shares among public companies in the most thorough revision to the Companies Act in a decade, Finance Minister Tharman Shanmugaratnam announced yesterday. FRONT PAGE China, India growth to sputter: ADB THE
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    • 765 2  -  Emilyn Yap, Grace Leong, R Sivanithy honoured for stories and commentaries By ANDREA SOH [SINGAPORE] The Business Times swept half the awards given out yesterday by the Securities Investors Association (Singapore) (SIAS) to honour the best business journalists here. BT
      PHOTO: YEN MENG JIIN  -  765 words
    • 38 2 IN “GB shareholder questions placement” (BT, Sept 28), we inadvertently referred to Peter Cheng as Mr Lim in several places. Mr Cheng is a new substantial shareholder of Grand Banks Yacht. We are sorry for the error.
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    • 363 4  -  By SAMUEL EE [SINGAPORE] COE premiums for small cars jumped yesterday, even as those for big cars slumped. The difference in cost for certificates of entitlement for these two categories normally more than $20,000 apart has been halved. In the latest
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    • 619 4  -  By SIOW LI SEN [SINGAPORE] NTUC Income chief executive Tan Suee Chieh will review whether the insurer should inform customers that motor insurance renewal is not guaranteed if they drive dangerously. “I will raise it internally you have a fair point,”
      FILE PHOTO  -  619 words
    • 834 4  -  By CAI HAOXIANG [SINGAPORE] An approved change to the Companies Act to provide for multiple proxies may mean more investors at future shareholder meetings. The move, meant to promote shareholder activism and corporate governance, affects indirect investors like fund managers as well as those
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    • 595 4  -  By RONNIE LIM [SINGAPORE] The Republic will not need to resort to electricity imports to meet demand here in the next few years. There will be ample power supply available on the home turf, given the many plants fuelled by liquefied
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    • 554 4  -  By NEETA LAL in New Delhi AN emboldened Indian government, which faced stiff resistance to its first wave of big-ticket economic reforms, is ready with Act Two. On the anvil are a vigorous push for infrastructure through a special fund and
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    • 683 4  -  But observers say investors remain wary of multi-class share structures PROPOSED CHANGES TO COMPANIES ACT By KENNETH LIM [SINGAPORE] Proposed changes to the Companies Act could finally open the doors to multi-class share issues, but the market remains wary about such structures, observers
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  • Page 2 Advertisements
    • 222 2 9 JOIN US FOR THE QUARTERMILE EXHIBITION QUARTERMILE, EDINBURGH. A LANDMARK LUXURY DEVELOPMENT. The 15th Century Edinburgh Castle. Royal residence Holyrood Palace. Now in the very heart of Scotland's historic capital lies a new landmark, Quartermile. This is a rare opportunity to purchase a luxury apartment in the very centre
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    • 191 2 UCLA SINUS m National Universitv UCLA NUS EXECUTIVE MBA National University of Singapore Unese busy business leaders travel extensively yet are able to achieve Two World-Class MBAs in 15 Months. Michael Ng Singaporean Class of 2013 Executive Vice President Global Marketing and Sales Operations STL Tech Co„ Ltd, Taiwan m
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  • Page 3 Advertisements
    • 138 3 www.vw.com.sg Our very own elite model. V m-*} The Volkswagen CC. Now with free elite lifestyle package. Volkswagen presents Elite Model Look Singapore 2012. And to celebrate we are offering the stylish Volkswagen CC with the following elite lifestyle package absolutely free: Cruise control. RNS510 Navigation system. Park Distance Control.
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  • Page 5 Advertisements
  • COMPANY NEWS
    • 582 5  -  Company uses local workers and sites in Latin America to fulfil order lists By LYNN KAN LOCAL content requirements for foreign companies seem to be the trend in Latin American emerging economies, according to Chow Yew Yuen, chief operating officer of Keppel Offshore
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    • 348 5  -  By JOYCE HOOI SOME analysts are shrugging at the Singapore Exchange (SGX) ahead of the release of its first-quarter results in two weeks’ time. CIMB Research’s Kenneth Ng and Daniel Lau kept their “neutral” rating and target priceof$7.26on the stock, noting that
      PHOTO: REUTERS  -  348 words
    • 349 5  -  By CARINE LEE THE Singapore Exchange (SGX) said yesterday that its securities and derivatives activities grew in September from a year earlier. Securities’ daily average value rose 4 per cent year-on-year to $1.4 billion, while the total value traded slid 6
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    • 320 6  -  Potential monetary easing seen as factor for strong market in the 4th quarter By LYNN KAN FUND managers have turned bullish on Asian bonds in the fourth quarter, in anticipation that Asian central banks will ease monetary policy. An HSBC survey
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    • 228 6  -  By TEO SI JIA TAN Min-Lan, the head of Singapore equities and research at UBS, has been appointed the bank’s global head of macro strategy research with immediate effect. Based in Singapore, Ms Tan will oversee the global strategy research team, which includes global
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    • 648 6 They offer higher yields, says Pimco executive Bloomberg BRAZIL, South Africa and Mexico are the best emerging markets to buy localcurrency bonds because they offer higher yields than the debt of developed nations, according to Pacific Investment Management Co, manager of the
      Bloomberg; PHOTO: REUTERS  -  648 words
    • 792 9 It aims to focus on liquid chemical and gas tanker business Reuters [JAKARTA] Indonesia’s PT Berlian Laju Tanker, the world’s third-largest chemical shipper, hopes to restructure its US$1.9 billion debt by the end of the year and will switch its focus to
      Reuters; PHOTO: REUTERS  -  792 words
    • 472 9  -  First Re, Golden Agri slip, but analysts see palm oil prices bottoming out soon By ANDREA SOH PALM oil stocks plunged yesterday as the market reacted to a fall in palm oil prices on Tuesday the biggest daily drop in three
      PHOTO: REUTERS  -  472 words

  • Page 6 Advertisements
    • 53 6 A 1 > v t m I INTfeR 20lV 4 <® •"mooam; ai'k Hotel^i IF Clifford Centre, #01 -04 Hitachi Tower, #01-08 OUB Centre, #02-10 International Plaza, #02-69/70/71 Suntec City Mall, #01-086 Tampines Mall, #02-26B/26C Raffles City, #02-12 Plaza Singapinl, #02-31 Tanglin Mall, #02-32 Parkway Parade, #02-65/66 The Shoppes, Marina
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  • Page 7 Advertisements
    • 267 7 Enjoy the most spectacular views of Orchard Road and the city from your personal swimming pool in the Boulevard Penthouse. A private roof terrace and garden provide a stunning setting for exclusive soirees and intimate parties. Located near Orchard MRT station, Boulevard Vue’s collection of 28 bespoke residences is a
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  • SINGAPORE MARKETS
    • 623 8  -  Hong Kong bourse’s tentative showing also contributes to ST Index’s two-point loss STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday did not follow through on its Tuesday 21-point bounce perhaps not surprisingly, given that Tuesday’s rise had been largely thanks to the
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    • 64 8 Oct 3 VALUE CLOSE BT OB/OS -180.00-294.00 BT CADI -*****.00-128.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 737.82 -4.78 FTSE ST Small Cap 495.55 -4.35 FTSE ST All Share 750.93 -1.55 FTSE ST China Top 201.97 -1.08 FTSE ST China 221.42 -0.76 FTSE ST Catalist
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    • 56 8 VOLUME Golden Agri 161,768,000 Contel 115,025,000 GSH Corp 84,744,000 Oceanus 48,854,000 AusGroup 47,279,000 NexGenSCom 40,304,000 RafflesEdu 37,189,000 Jason Parquet 36,015,000 Noble Grp 35,450,000 Equation 31,691,000 VALUE($) F&N 164,272,045 Golden Agri 102,711,840 Noble Grp 45,890,605 Wilmar 41,413,280 SingTel 39,179,890 OCBC Bk 30,697,276 DBS Grp 27,435,150 Keppel Corp 26,024,060
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 2 0 0 0 3 9 2 Manufacturing 39 56 42 6 6 8 45 62 50 Commerce 14 30 20 5 3 2 19 33 22 Tpt/Stor/Comms 8 19 9
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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,064 12,064 47,052 47,052 Manufacturing 381,691 72,489 454,180 337,034 2,668 339,702 Commerce 303,037 4,102 307,139 131,349 279 131,628 Tpt/Stor/Comms 87,161 6,888 94,049 129,741 2,078 131,818 Finance 15,806 732 16,538 90,726 331 91,058 Construction 76,781 634
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    • 966 8  -  Compiled by CAI HAOXIANG Yeo Hiap Seng Oct 3 close: $2.20 Maybank Kim Eng Research, Oct 3 YEO Hiap Seng (YHS) is a household food and beverage (F&B) brand in Singapore and Malaysia with a 112-year heritage. It was said that the late Mr Ng Teng Fong of
      Source: Bloomberg  -  966 words
    • 109 8 Stock name Close Change CapMallsAsia 1.655 CapitaLand 3.180 CapitaMall 2.040 CityDev 11.700 ComfortDelGro 1.695 -0.005 DBS Grp 14.290 -0.040 F&N 8.890 -0.010 GLP 2.510 -0.010 Genting SP 1.350 -0.020 Golden Agri 0.635 -0.020 HK Land 6.190 -0.010 IHH Healthcare 1.280 JMH 60.000 +1.750 JSH 35.470 +0.670
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    • 418 8 hits 2-week high vs yen on jobs data CURRENCIES Reuters [NEW YORK] The US dollar climbed to a two-week high against the yen yesterday after data showed US pri-vate-sector jobs increased by more than expected last month, fuelling optimism that the world’s largest economy may be on a more stable
      Reuters; PHOTO: BLOOMBERG  -  418 words
    • 110 8 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 573.9 1.6 JMH 6000 215.5 3.0 JSH 3547 82.5 1.9 DBXT MSEurope 10US$ 4522 78.8 1.4 YHS 220 24.0 12.2 DBXT MSTHAI 10US$ 1959 22.2 0.9 DBXT FTVietnam 10US$ 1982 14.8 0.6 DBXT MSKorea 10US$ 5830 12.3 0.2 DBXT CSI300 10US$
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    • 120 8 BY CENTS CLOSE DOWN IS S&P500 ***** -119.5 -0.7 Jardine C&C 4860 -50.0 -1.0 Lyxor Europe 10 US$ 1211 -43.1 -2.8 DBXT Nifty 10US$ ***** -39.4 -0.3 DBXT SPASX200 10US$ 3506 -39.4 -0.9 DBXT DBLCI-OY 5US$ 4021 -32.0 -0.6 GLD 10US$ ***** -20.9 -0.1 Isetan 465 -15.0 -3.1 UOB
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    • 5 8 DAILY
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  • Page 9 Advertisements
    • 229 9 SAXO CAPITAL MARKETS A TRADER'S BEST CALL www.saxomarkets.com.sg Great minds trade alike. 430,000 counting, as a matter of fact. LarJ It's no surprise that SaxoTrader is the leading online platform choice for 430,000* experienced traders around the world when it comes to making the right call. With Saxo's rich tools,
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  • SINGAPORE NEWS
    • 643 10  -  Asian players gain ground against traditional powerhouses By LEE U-WEN SINGAPORE’S two oldest universities have made a marked improvement in the latest Times Higher Education World University rankings. The National University of Singapore (NUS) rose 11 rungs from last year’s 40th position
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    • 438 10  -  IE S’pore working with 3 unis to expose students to opportunities in the region By MALMINDERJIT SINGH SINGAPORE companies can do more to engage Latin America while the government helps develop the manpower needed to support businesses expanding in these markets. The
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    • 486 10  -  Survey cites lack of financial planning among S’poreans By ZEINAB YUSUF SAIWALLA DESPITE having a higher level of savings and investments than their counterparts from most other countries, Singaporeans are still relatively worried about their retirement, according to results from Aviva’s Consumer Attitudes to Saving (CAS)
      Source: Aviva’s Consumer Attitudes to Saving survey June 2012  -  486 words
    • 480 10  -  By MALMINDERJIT SINGH THOUGHT leaders from professional services giant PricewaterhouseCoopers (PwC) yesterday gave their take on what needs changing in Singapore in the years to come. At a lunch they hosted for journalists, they said that although Singapore has logged economic
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    • 401 10  -  E50 forum points out opportunities in green sector By ZEINAB YUSUF SAIWALLA CREATING energy efficient products and adopting sustainable practices must be the way forward for emerging companies to remain relevant and successful, according to panellists at an Enterprise 50 Association Policy Forum
      PHOTO: ARTHUR LEE  -  401 words
    • 328 10  -  By MINDY TAN THIRTY-ONE freehold strata industrial units in Century Warehouse have been put up for sale, with an asking price of at least $40 million, or some $800 per square foot (psf). The strata area for sale comes up to
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  • Page 11 Advertisements
    • 286 11 I I i CM •f i. ja £S0 h ■•v!r fe DITIONS I® J MEMORIES. MOMENTS MAKE THEM FOR GENERATIONS TO COME. LEEDON RESIDENCE A FREEHOLD LUXURY DEVELOPMENT IN DISTRICT 10 Located within the Good Class Bungalow enclave, Leedon Residence is yours to call home. Live amidst five hectares of
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  • MALAYSIA/INDONESIA
    • 532 12  -  But price weakness in Sept is usually followed by strong Q4, says analyst By PAULINE NG in Kuala Lumpur PLANTATION companies topped the list of losers on the stock market yesterday as crude palm oil (CPO) prices slumped to their
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    • 378 12 [KUALA LUMPUR] Malaysia is well prepared to handle the current global economic turbulence due to its experience in addressing the Asian economic and financial crisis of 1997/1998. Prime Minister Najib Razak said that, at the time, the government had responded positively to
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    • 299 12 AFP [JAKARTA] Hundreds of thousands of factory workers went on strike across Indonesia yesterday demanding better pay and job security as South-east Asia’s biggest economy booms. Police estimated around 750,000 workers took to the streets for the one-day walkout in at least 12 provinces,
      AFP; PHOTO: REUTERS  -  299 words
    • 523 12  -  Move will finally decide how the case progresses By S JAYASANKARAN in Kuala Lumpur THE opposition state government of Kelantan yesterday was granted leave by the Federal Court to pose several questions of law related to its claim to oil
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  • Page 12 Advertisements
    • 116 12 START SPREADING THE NEWS •w. Jf -i no If he played football like he sings, I'd sign him tomorrow. Sir Alex Ferguson Simply sensational! Daily Mail 18-20 OCTOBER 2012 SANDS THEATER MARINA BAY SANDS BUY 4 X B RESERVE TICKETS AND GET UPGRADED TO A RESERVE SEATS Valid till 20
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    • 180 12 Indulge, it’s on us We’re 36 and want to celebrate with you! Present this copy of The Business Times at Hilton Singapore’s Checkers Deli for a complimentary slice of this celebrated cheesecake. The first 360 readers to do so today and each work day this week will be treated to
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    • 12 12 Breakfast with 111 GREAT W 4fk -356 56;5!8:2;5;,+ MOSTPOWERFUL 6"*83& (,87 *nag
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  • LEADERS IN UNCHARTED TERRITORY
    • 2048 13  -  Bosses should fight the reflex to reduce headcount as that could mean cutting their life blood, business leaders tell KENNETH LIM IN the classic Western movie The Magnificent Seven, a small village hires a small band of cowboys to protect them from bandits. Outnumbered by
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  • Page 13 Advertisements
    • 120 13 CPA Congress 2012 is your guide through uncharted territory. 11 October, Raffles City Convention Centre, Singapore As the world’s economic landscape changes, CPA Congress is your guide through uncharted territory. Featuring a host of experts from a variety of backgrounds, the conference will address pressing business issues and developments, both
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  • GREATER CHINA/INDIA
    • 580 14 Seventh straight quarter of slowing economic growth looms Reuters [BEIJING] China’s normally robust services sector weakened sharply in September to its lowest point since November 2010, as slow growth in manufacturing finally began to feed through to the rest of the
      Reuters; PHOTO: AFP  -  580 words
    • 522 14 Move signals island spat still shaking up wider bilateral ties AFP [TOKYO] Chinese banks have pulled out of events linked to annual meetings of the International Monetary Fund and World Bank in Japan next week, a report said, as Tokyo and
      AFP  -  522 words
    • 474 14 Reuters [SHANGHAI] Foreign exchange deposits in Chinese banks have hit record highs every month since last October, suggesting that fears of destabilising outbound capital flows may be unwarranted. The structure of the deposits also shows that the non-state sector is taking an increasingly large
      Reuters  -  474 words
    • 500 14 Bloomberg [MUMBAI] Lupin, the world’s biggest maker of drugs to treat tuberculosis, plans to add prescription skin treatments for the Indian market to help revive profit that expanded at the slowest pace in at least a decade. The drugmaker controlled by billionaire Desh Bandhu Gupta
      Bloomberg  -  500 words
  • Page 14 Advertisements
    • 342 14 S P JAIN EXECUTIVE MBA OPEN HOUSE: Disrupt Yourself for Growth Disruptive thinking can enhance the odds of success for products, services, organizations and nations. The emerging business environment poses enormous challenges to every organization and its employees. One needs to break loose from the 'status-quo' way of thinking and
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  • ECONOMY WATCH
    • 862 15 Carmakers’ sales hit annualised rate of 14.9m in Sept, best pace since Mar 2008 Bloomberg [SOUTHFIELD, Michigan] The housing market is still on shaky ground. Unemployment remains above 8 per cent. The one flank of the US economy that’s marching steadily back
      Bloomberg; PHOTO; AFP  -  862 words
    • 395 15 Prices of major commodities fall for third consecutive month AFP [SYDNEY] Australia’s trade deficit blew out to more than US$2 billion in August, data showed yesterday, with exports diving as China’s slowdown hit the key mining sector, increasing pressure on the
      AFP  -  395 words
  • Page 15 Advertisements
    • 197 15 The Regional Wing of Singapore Airlines More journeys to treasure at silkair.com SILKAIR'S WORLD JUST GOT BIGGER. i FROM 28 th OCTOBER, 3 WEEKLY FLIGHTS TO VISAKHAPATNAM, INDIA 578 Singapore to Visakhapatnam Flight Day Depart Arrive MI448 Wed, Fri Sun 2025 2205 All times listed are local Visakhapatnam to Singapore
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  • WORLD
    • 997 16 Corporations seek profits overseas to compensate for downturn at home Reuters [MADRID] Spain’s corporate tax take has tumbled by almost two thirds from pre-crisis levels as small businesses fail and a growing number of big corporations seek profits abroad to compensate for
      Reuters; PHOTO: REUTERS  -  997 words
    • 577 16 Swap will make its debt repayments easier next year Reuters [LISBON] Portugal returned to bond markets yesterday for the first time since a bailout last year, swapping short for longer-dated debt to buy time to fix its public finances. The country
      Reuters  -  577 words
    • 437 16 LATEST US DATA Reuters [NEW YORK] US companies added 162,000 jobs in September, more than economists expected but still pointing to slow improvement in the labour market, data from a payrolls processor showed yesterday. Economists surveyed by Reuters had forecast that the ADP National
      Reuters  -  437 words
    • 664 17 But 2011 decline was just 1% not as sharp as the 2-3% in other recent years AP [NEW YORK] US births fell for the fourth year in a row, the government reported yesterday, with experts calling it more proof that the weak
      AP  -  664 words
    • 693 17 Aquino pushes Bill to guarantee access to free birth control Reuters [MANILA] Philippine President Benigno Aquino is squaring off against his country’s powerful Catholic church in a bid to give people free access to the means to limit the size of their families.
      Reuters; PHOTO: AP  -  693 words
    • 285 17 Reuters [SEOUL] South Korea aims to promote a message of life and hope and at a bridge over the River Han in the capital, Seoul, that has the unenviable reputation as the favourite place for people wanting to commit suicide. South Korea’s suicide
      Reuters  -  285 words
    • 371 20 But the country’s universal bank model will remain Reuters [PARIS] France’s Socialist government will present “merciless” legislation before the end of the year to ring-fence banks’ risktaking business from their retail arms, Finance Minister Pierre Moscovici said in an interview published yesterday.
      Reuters  -  371 words
    • 525 20 EU’s sixth largest grower has unique soil, unusual grapes Reuters [GURA VADULUI, Romania] Can the latest fad for wine enthusiasts possibly come from an eastern European country whose wine-growing traditions are as old as Christianity? Romania is the sixth-largest wine grower in the European Union;
      Reuters  -  525 words
    • 496 20  -  It also hopes isles disputes with China, Korea won’t mar next week’s World Bank, IMF meetings By ANTHONY ROWLEY in Tokyo ONE of the most high-pro-file achievements of next week’s International Monetary Fund and World Bank annual meetings in Tokyo may not be
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    • 1281 21 Cargill unit accused of doing business with group that has organised crime links NYT [KAWAGOE, Japan] Several years ago, an investment subsidiary of the agricultural giant Cargill bought a group of “love hotels”, which typically rent rooms by the hour, including the neon-lit Hotel
      NYT; FILE PHOTO: THE NEW PAPER  -  1,281 words
    • 688 23 Transport Secretary cites ‘completely unacceptable’ flaws in bidding process Reuters [LONDON] Britain yesterday scrapped a £6 billion (S$11.9 billion) deal to award one of the country’s biggest railway franchises to FirstGroup plc, blaming government officials for serious mistakes in the bidding
      Reuters; PHOTO: REUTERS  -  688 words
    • 665 23 Reuters [BANGKOK] The chairman of Thailand’s central bank yesterday weighed into the mounting controversy over a hugely expensive scheme to subsidise rice farmers, saying it was a threat to the country’s stability and should be scrapped. The rice intervention scheme,
      Reuters; PHOTO: REUTERS  -  665 words
    • 680 23 It could be first of ex-communist states to ask for a bailout Reuters [LJUBLJANA, Slovenia] When Slovenia joined the euro in 2007, it had the fastest growth in the currency area and its 2 million inhabitants had some of the highest living standards
      Reuters  -  680 words
  • Page 16 Advertisements
    • 128 16 SM D20 Landed for Sale All FH 1km to Prestigious St Nic Sch New MRT 1. Brand New Detached Jalan Tarum, Land 4390/6300sf! 2. Semi D Jalan Rukam Land 3300/4000sf! 3. Corner Terrace Jalan Leban Land 4262/41 OOsf! 4. Corner Terrace Jalan Leban Land 2900/4500sf! 5. TOP Soon! Semi D,
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    • 31 16 LOOKING FORA LOCAL BUSINESS CONTACT? Find it STDirectory Air Con Services Des\gr\ers T B B B \nter\oT DecoraW u STDIRECTORY.SG Search from 16 categories with results showing maps, addresses and more.
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  • Page 17 Advertisements
    • 374 17 www.foliolondon. com FOLIO EXHIBITION LAUNCH FRIDAY 5 th SUNDAY 7 th OCTOBER 11am 7pm FOUR SEASONS HOTEL, WINDOWS WEST, 190 ORCHARD BOULEVARD, SINGAPORE, *****6 f S TStfr" |5j! 'TR test W 'te' rW *2 m PRICES FROM £399,950 Located in N1 between Islington, Clerkenwell and the City of London Folio
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  • Page 18 / 19 Advertisements
    • 136 18 / 19 B V LG A R I ETERNAL VALUES it/ XU ■4 i v 7» 7 vb2 Tv **r A m m r l u ,C-v V i. w m.i ■aisw fS 4 I S3SB 33» WS a T* b'v'JS >v *•> V’V' 1 BVLGARI ■>‘ r i >> I i.
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  • Page 20 Advertisements
    • 2249 20 >*• WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LMA" LMA International NV (Incorporated with limited liability in Curagao) (Company Registration No. *****) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of LMA International N.V. (“Company”) will be held at Conrad Centennial Singapore, South
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  • Page 21 Advertisements
    • 147 21 m mt .-•rV; 'fS m mm m M&SEs K 1 ls*»* ii P6 &®s «r+>,® E8S SSs&S ss r.W,-'. mm m nn m m m m m j r-?' m a .vV:S John Hurt, actor I had the good fortune to meet Noel Coward once, when I was a young
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  • Page 22 Advertisements
    • 97 22 V SPH is proud to win the Most Transparent Company Award in the Services category. The accolades continue with four journalists from The Straits Times and The Business Times receiving awards for editorial excellence. a£i H Engaging Minds, Enriching Lives SIAS <W> i ffT > i LH01CE Awards Financial Journalist
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  • Page 23 Advertisements
    • 178 23 GAS GAS ASIA SUMMIT Conference and Networking Marina Bay Sands Singapore 24-25 October 2012 A GASTECH REGIONAL EVENT Part Of SINGAPORE INTERNATIONAL ENERGY WEEK 22-25 October 2012 The Role of Natural Gas LNG in the Race to Fuel Asia B.C. Tripathi Chairman Managing Director GAIL (India) Ltd S. Iswaran Minister
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  • AVIATION/SHIPPING
    • 499 24  -  Consolidated facility is the company’s largest in the Asia Pacific region By VEN SREENIVASAN [SINGAPORE] FedEx Express yesterday officially opened its new $97 million South Pacific Regional Hub at Changi Airport to support its growing regional business. The 282,700 square
      PHOTO: FEDEX  -  499 words
    • 408 24 Reuters [TORONTO] The Canadian government and its airlines can make a range of policy changes to slow the tide of 5 million travellers a year that head to the United States for cheaper flights, a think tank report said yesterday.
      Reuters  -  408 words
    • 270 24 Bloomberg [NEW YORK] General Electric plans to ask airlines for a second round of inspections on its newest engines after an investigation pointed to different causes for failures on a Boeing Co 747-8 jumbo jet and a 787 Dreamliner. A service bulletin will
      Bloomberg; PHOTO: AFP  -  270 words
    • 501 24 AFP [HONG KONG] Hong Kong has thrived as Asia’s throbbing transport hub, but a deadly ferry accident on the busy National Day holiday this week has raised questions about safety in the city’s frenetic harbour. A total of 37 people were
      AFP  -  501 words
    • 310 24 AFP [SYDNEY] Australian billionaire Clive Palmer said yesterday that he will unveil the design and plans for his ambitious Titanic II project in New York with the help of John F Kennedy’s daughter Caroline. The flamboyant M r P a l mer
      AFP  -  310 words
    • 255 24 SGX '000 Oct 3 S$ +/-Vol CH Offshore 0.51 -0.01 986 Chuan Hup Hldg 0.25 -0.01 63 Cosco Corp 0.97 unch 3952 S$ Ezra Hldgs 1.20 -0.04 ***** First Ship Lea 0.12 unch 350 Freight Links 0.07 unch 939 Grand Banks 0.43 0.01 13 Jaya Hold Ltd 0.57
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    • 1936 28 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 Destination
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  • Page 24 Advertisements
    • 34 24 BREAST CANCER WOES Two Indians share their stories and how early detection saved them WHY RANI MUKHERJEE CHOSE TO BE THE AIYYA GIRL GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      34 words
    • 77 24 NOTICE TO TRADE WINTER SEASON CHARGE Singapore to Kolkatta/Haldia and vice versa With the low water situation during winter, drafts have been cut and this has adversely affected the loading on our vessels. In order to recover the loss in revenue arising therefrom, we will implement a Winter Season Charge
      77 words
    • 61 24 NOTICE TO TRADE WINTER SEASON CHARGE Singapore to Kolkatta/Haldia and vice versa In order to recover the loss in revenue arising from low water situation during winter, a Winter Season Charge (WSC) of USD 115.00 per TEU will apply on all SOC shipments (laden) from Singapore/Port Klang to Kolkatta/Haldia and
      61 words
  • Page 24 Miscellaneous
    • 336 24 CRYPTIC CROSSWORD Across 1 Leave Adriatic resort (5) 4 Son’s beers could undo this (9) 9 Great many in favour of future nuclear technology (9) 10 Lie about strength of character (5) 11 Bloke is carved in monument (7) 12 Home endlessly occupied by a German it’s atrocious (7) 13
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  • Page 25 Advertisements
    • 1002 25 WAT3 NOTICES IPConcept Fund Management S.A. 4, rue Thomas Edison, L-1445 Luxembourg-Strassen R.C.S. Luxembourg: B 82 183 NOTIFICATION CONCERNING ALL INVESTMENT FUNDS MANAGED BY IPCONCEPT FUND MANAGEMENT S.A. IPConcept Fund Management S.A. is changing its company name to IPConcept (Luxemburg) S.A. The relevant committees and management of IPConcept Fund Management
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    • 3051 25 CORDLIFE GROUP LIMITED (Registration Number: *****2883E) (Incorporated in the Republic of Singapore on 2 May 2001) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Cordlife Group Limited (the “Company”) will be held at Ngee Ann Kongsi Auditorium School of Accountancy, Singapore Management University,
      3,051 words

  • EDITORIAL & OPINION
    • 462 26 EDITORIAL AS leaders from Latin America gather in Singapore this week for the Latin America Business (LAB) Forum, it is a timely reminder to companies of a new frontier beyond Asia which deserves closer attention. Businesses here have traditionally tended to drag their feet
      462 words
    • 1004 26  -  But dealing with differing objectives and rules, among other things, will be challenging By THANANAN SANGNUAN, LIEW LAN HING, WONG MENG YEW Thananan Sangnuan is a partner in Thailand, Liew Lan Hing is a partner in Singapore) and Wong Meng Yew is an
      PHOTO: BLOOMBERG  -  1,004 words
    • 834 26  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent I HAVE been covering IMF and World Bank annual meetings pretty well continuously over the past 30 years in various parts of the world and, while they can’t be said to have exactly a carnival atmosphere,
      834 words
    • 1461 27 Gold standards may have a long tradition in Europe and US, but there’s little to argue for adopting the practice today The writer is chief international economist, ING Bank By ROB CARNELL REPUBLICAN policy drafts suggest the establishment of a “Gold Commission”, and the
      PHOTO: AFP  -  1,461 words
    • 651 27  -  ROBERT SAMUELSON The Washington Post Writers Group WITH less than five weeks to the election, US President Barack Obama is benefiting from a curious paradox. Although the economy remains weak by most indicators, consumer optimism has registered a distinct, though modest, gain. The stock market
      The Washington Post Writers Group  -  651 words


  • Page 28 Advertisements
    • 34 28 PLACE YOUR AD HERE The Business Times Shippii g Times CALL JOE WOT 1G AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
      34 words
    • 30 28 Experienced ship maintenance findyou y r services services wanted. here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES ML UUJIIHLJJ IIIVILJ Shipping Times
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  • SINGAPORE STOCKS
    • 3017 29 Transaction date: Oct 3 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 145 92.5 AIMSAMPIReit 144 -1 371
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    • 173 30 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale C000) High Low Buyer Seller C’vr
      173 words
    • 8121 30 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI A!** AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mat Asia Limited Asian Local Ccy SD Bond 0.9819/ EM Local Ccy
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    • 202 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 39.5 25.5 AVJennings A31 +0.5 12 31 31 31 37.5 3.6 11.3 2.5 80.7 41.5 25.5 Genting HK US$ US32 unch 2867 32 31.5 31.5 32 2107
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    • 953 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 127.1 120.4 CIMB APAC Div 100S$D 127 126.4 127.3 103.1 95.8 CIMB APAC Div 100US$ US103 102.6 103.4 10.8 1322 1246 CIMBASEAN40 100S$D 1306 1306
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  • FINANCE & COMMODITIES
    • 633 31 Oct 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8778.26 8806.75 8729.56 Dec12 8780.00 8820.00 8730.00 8755.00 ***** *****3 Mar13 8725.00 8725.00 8725.00 8745.00 111 1046 MSCI TAIWAN INDEX FUTURES SPOT 275.33 275.40 273.61 Oct12 275.80 276.20 273.60 274.20 ***** *****3 Nov12 275.60
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    • 373 31 In local curr In S$ In US$ dy yr dy yr dy yr Oct 2 Index Change Change Change Change Change Change World Preliminary 919.9 0.0 10.9 0.1 5.7 0.0 11.5 EAFE Preliminary 729.7 0.0 7.0 0.1 2.3 0.0 8.0 Europe Preliminary 1110.9 -0.1 8.2
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    • 82 31 As on 2 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2012 1782.20 1777.30 1775.80 12 CURRENCY EUR-USD FUT DEC2012 1.2975 1.2897 1.2938 65 BASE METAL COPPER FUT DEC2012 8422 8311 8382 103 AGRICULTURE BLACK PEPPER FUT OCT2012 6600 6600
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    • 107 31 Oct 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1530.50 1560.25 1561.25 1526.50 Jan 13 1533.25 1563.00 1564.00 1530.00 Mar 13 1501.75 1529.50 1529.75 1495.75 May 13 1461.50 1488.50 1488.00 1455.5 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 50.27
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    • 70 31 CRUDE OIL PRODUCTS Oct 02 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.07 -0.19 WTI (Near Mth) 91.74 -0.63 Dubai (1-Mth F) 108.87 0.37 Tapis blend 116.61 0.9 Minas 111.76 0.9 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.11 -0.78 Jet Kerosene 130.62 0.5 US$/barrel OpecOil Basket
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    • 22 31 Oct 3 S$ Bid Offer 1-month 1.2315 1.2325 2-months 1.2315 1.2325 3-months 1.2314 1.2325 6-months 1.2310 1.2321 Source: OCBC
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    • 64 31 Oct 2 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2078.75 2097.50 3 months 2107.00 2126.00 Copper, Grade A(US$/tonne) Cash 8325.25 8300.75 3 months 8325.50 8299.50 Lead(US$/tonne) Cash 2288.50 2282.50 3 months 2300.00 2292.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 80 31 Oct 2 COCOA (£/tonne) Close Prev High/Low Dec 12 1599 1580 1603/1560 Mar 13 1596 1577 1599/1555 May 13 1603 1583 1606/1562 Jul 13 1610 1589 1612/1569 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2200 2179 2211/2172 Jan 13 2208 2188 2218/2181 Mar 13 2220 2199 2229/2193 May 13 2230
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    • 885 31 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 1 146 488 6.38 19 Conv Ratio Baker Technology Ltd W*****6 1.1 unch 1114 1 32 -1 30.45 1 Price Best World Intl Ltd W*****5 0.3 1
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    • 470 31 Oct 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.008 6.421 0.791 7.923 53.529 97.976 0.799 11.376 3.126 1.244 97.154 42.572 1.259 8.604 0.957 29.949 31.344 0.634 1.022 Canada 0.992 6.371
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    • 60 31 Oct 3 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • 135 31 Oct 3 GOLD(US$/oz) Sep 27 Oct 03 Hong Kong 1764.00 1783.00 Oct 01 Oct 02 London 1776.80 1778.30 1777.80 1779.05 Source: Thomson Reuters CAST BAR Oct 03 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 158 70 5gm 448 351 10gm 799 702
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    • 92 31 Oct 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 03-Jan-13 0.29 6-Month BS*****W 04-Apr-13 0.31 1-Year BY*****T 02-May-13 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.12 102.16 102.16 5-Year N*****0Z 2.375
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    • 57 31 Oct 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2179.0 2083.0 2200.0 2132.0 48 2623 Nov 12 2205.0 2175.0 2295.0 2148.0 3486 ***** Dec 12 2300.0 2255.0 2387.0 2230.0 ***** ***** Jan 13 2371.0 2360.0
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    • 154 31 Oct 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2579 1.2595 1.0214 1.0219 Canadian dollar 1.2484 1.2496 1.0139 1.0137 Euro 1.5907 1.5923 1.2917 1.2919 NZ dollar 1.0109 1.0123 0.8209 0.8213 Sterling pound 1.9832 1.9853 1.6104 1.6108
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    • 121 31 As at 9am Oct 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.292 1.231 Can dollar 1.279 1.219 Euro 1.627 1.55 Sterling pound 2.023 1.946 NZ dollar 1.045 0.996 US dollar 1.249 1.201 Local dollars to 100 units of foreign
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    • 160 31 Oct 3 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.23 0.13 1 month 0.35 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.80 0.60 9 months 0.95 0.75 12
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  • PROPERTY
    • 1030 32 People buy houses because they have few options to safely stash savings LAT-WP [BEIJING] Sitting on the floor of his apartment surrounded by the toys of his one-year-old son, Guo Hui tallied the homes that he and his wife had acquired over the years.
      LAT-WP; PHOTO: BLOOMBERG  -  1,030 words
    • 949 32 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN SEPT 5 AND SEPT 11, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 10/09/2012 99 1033 1981 1918 V On Shenton Apt
      949 words
    • 438 34  -  Transacted price pales in comparison to the $1,600 psf quoted in May By KALPANA RASHIWALA ALL six penthouses at the freehold Amber Residences, which was completed early last year, are said to have been sold recently by its developer in separate transactions
      Source: onemap.sg  -  438 words
    • 266 34 AFP [HELSINKI] Struggling Finnish mobile phone manufacturer Nokia might sell its headquarters on the outskirts of Helsinki, a senior company official was quoted as saying yesterday. “We are exploring different options for our property assets. This includes a possible sale of our headquarters,” Nokia’s
      AFP; PHOTO: BLOOMBERG  -  266 words
    • 709 34 New visa scheme in Nov to attract more of Asia’s wealthy Reuters [SYDNEY] India’s wealthy, from old money to nouveaux riches IT entrepreneurs, are quietly snapping up hotels and mines Down Under just as Australia embarks on an immigration campaign to attract long-term investment.
      Reuters  -  709 words
    • 831 35  -  Price said to be $75m; buyer looking at hotel use for 14 shophouses By KALPANA RASHIWALA MURRAY Terrace, an award-winning row of 14 conserved shophouses just off Maxwell Road and opposite the URA Centre, could be sold for around $75 million, BT
      PHOTO: ARTHUR LEE  -  831 words
  • Page 32 Advertisements

  • Page 33 Advertisements
    • 352 33 PARLIAMENT HOUSE BLACK PRINCE ROAD ALBERT EMBANKMENT LONDON, SE 1 An architecturally striking tower with views over the River Thames, Houses of Parliament and the London Eye. w m I n rr SSS: i-Lii JK m m US «s A? 3? »nn n Tin ;—r v I. xyj .1 A
      352 words

  • Page 34 Advertisements
    • 63 34 SINGLE-STOREY B2 FACTORY FOR SALE! A single-storey JTC standard factory easily accessible via PIE AYE High visibility along International Road Possibility for further lease extension Land Area: Approx. 87,000 sf Gross Floor Area: Approx. 55,000 sf Tenure: JTC lease bal 15 yrs Close to Boon Lay MRT Stn Maggie Phua
      63 words
    • 145 34 FOR SALE Rare Retail Space for Sale at Katong Shopping Centre savills L*****87F P Strata Floor Area: 6,760 sqft approx. Freehold Potential for further strata subdivision Suitable for retail entertainment uses Sale with vacant possession Business Space Changi North ''ll 3-storey corporate HQ with showroom, warehouse office Gross Floor Area:
      145 words
    • 223 34 FOR SALE BY EXPRESSION OF INTEREST wrmr t iSiifii 496 NORTH BRIDGE ROAD 4-storey Conservation Shophouse Building with roof terrace Prime corner unit facing Bugis Junction Prominent street frontage: 35m approx. Tenure 999-year leasehold Land 2,157 sq ft approx. GFA 6,179 sq ft approx. Master Plan 2008 Zoning Commercial with
      223 words
    • 148 34 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. w specialist mortgage Web www.smats.net
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  • Page 35 Advertisements
    • 11 35 CLA/AUG06/g CATS Recruit The first door to your world of opportunities
      11 words
    • 490 35 mm rn cn in 7a s r B SSF. I i iW Hd 11 Nestled in a tree-lined Victorian street an exclusive boutique development. EARLINGTON EARLS COURT LONDON, SW5 www.colliersresidential.com/4017 mg EXHIBITION Saturday 6 th Sunday 7 th October, 2012 11am 7pm Venue: MILLENIA 3 THE RITZ-CARLTON HOTEL MILLENIA SINGAPORE
      490 words

  • TIES THAT THRIVE
    • 1526 36  -  SGX is making sure that it stays relevant in the flow of finances between Asia and the West.TEH LINGreports TEH HOOI LING THE financial landscape has undoubtedly been very tough since the global financial crisis (GFC) of 2008. Since then, financial sector regulation has
      PHOTO: ARTHUR LEE  -  1,526 words
  • Page 36 Advertisements
    • 101 36 K anz.com.sg Australia and New Zealand Banking Group Limited (ANZ) 2012 ABN 11 005 357 522 The bank that connects yfu to opportunities across Asia Pacific. ANZ is in 28 markets across Asia Pacific and we're growing. That means we've now got more financial specialists who share your regional interests
      101 words

  • THE BUSINESS TIMES SIAS Investors’ Choice Awards 2012
    • 866 1  -  companiesRetail investors can play a part in enhancing good corporate governance practices, reports ANDREA SOH reports ANDREA SOH UCH has been said and even more ink has been spilled about director independence and board composition in the area of corporate governance. But outside of the
      FILE PHOTO  -  866 words
    • 2772 2 OVERVIEW INVESTORS are always concerned about the safety of their investments in listed companies, but these worries are assuaged when companies have high corporate governance and disclosure standards. For the first time since the Singapore Corporate Governance Awards started in 2003, the views of the investors
      2,772 words
    • 1246 4  -  The audit profession must do more to communicate to the public its role in the financial reporting process, sayONG PANG THYEandYVONNE CHIU ONC PANG THYE YVONNE CHIU Ong Pang Thye is head of Audit, and Yvonne Chiu is partner, Audit at KPMG in Singapore. The
      PHOTO: STOCK.XCHNG  -  1,246 words
    • 2358 5 OVERVIEW OFTEN vilified as an impediment to the work of business units, internal audit teams are now getting their turn in the limelight as shareholders increasingly consider the robustness of a company’s internal controls as a key element of long-term success. BT speaks with
      2,358 words
    • 702 8  -  Good corporate governance and transparency can bridge the dichotomy between companies and shareholders, reportsANDREA SOH reportsANDREA ANDREA SOH SHAREHOLDERS always prefer to have as much information as they can about a company. On the other side of the fence, companies have information to protect
      702 words
    • 1041 8  -  TopGun CEOs tell andrea soh how they communicate to shareholders the value proposition of their companies, and deliver key information clearly to shareholders ANDREA SOH THE role of a chief executive has always been a difficult one. Not only do they chart
      1,041 words
    • 641 10  -  Retired accountant Tan See Peng’s dedication wins him Model Shareholder accolade, reports ANDREA SOH reports ANDREA SOH AT 83 years old, retired accountant Tan See Peng may not need to report for reservist duty anymore. But he is still doing national service of a different
      PHOTO: ARTHUR LEE  -  641 words
    • 931 12  -  Shareholders have a right to know about the companies they own, but seldom fully exercise that right, says brendan wood BRENDAN WOOD The writer is the founder and chairman of Brendan Wood International The source and perspective of this commentary is the Worldwide Shareholder Confidence Index. First
      FILE PHOTO  -  931 words
  • Page 1 Advertisements
    • 193 1 CONTENTS Making corporate governance count page 2 Audit quality and quality audit page 4 Internal audit key to long-term success page 5 Clearly for the good of all page 8 Shareholder duties take front seat PAGE 10 The shareholder's voice page 12 SIAS INVESTORS' CHOICE AWARDS 2012 Singapore Corporate Governance
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  • Page 3 Advertisements
    • 157 3 DEFINITIVELYKEPPEL SIAS INVESTORS’ CHOICE AWARDS 2012 Keppel Corporation Singapore Corporate Governance Award (Big Cap Category) WINNER Singapore Corporate Governance Award MOST IMPROVED COMPANY AWARD Brendan Wood TopGun CEO Designation MR CHOO CHIAU BENG Keppel Land Singapore Corporate Governance Award MERIT Most Transparent Company Award (Properties) RUNNER-UP K-REIT Asia Management Most
      157 words

  • Page 4 Advertisements
    • 192 4 MIDAS HOLDINGS LIMITED Expressing our heartfelt appreciation to our shareholders, customers, suppliers, business associates and employees. Thank you for your unwavering support! We are proud to be selected as the Winner for the Most Transparent Company Award 2012 (Chemical Resources Category) at the SIAS 13th Investors’ Choice Awards. gSIAS Choice
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  • Page 6 Advertisements
    • 925 6 13 th INVESTORS' CHOICE AWARDS 2012 I SIAS Choice Awards 2012 Congratulatory message by Guest-of-Honour Mr Tharman Shanmugaratnam Deputy Prime Minister and Minister for Finance I would like to congratulate the Securities Investors Association (Singapore) on its 13th anniversary. Through the years, SIAS has remained steadfast and committed in its
      925 words

  • Page 7 Advertisements
    • 439 7 4 si As Congratulates Winners of I 13 th INVESTORS' CHOICE AWARDS 2012 SIAS Investors’ Choice Awards 2012 Towards Excellence In Corporate Governance Transparency m Most Transparent Company Award 2012 OIL GAS FINANCE Winner Runners-up Winner Runners-up sembcorp r marine SGX sembcorp (JOB China Aviation Oil (Singapore) Corporation Ltd (SrJjnffi)
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  • Page 9 Advertisements
    • 263 9 Kian Ann Engineering Ltd is honoured to be named Most Transparent Company Runner-up, Main Board Small Caps Category at the SIAS Investors’ Choice Awards 2012 Established since 1965 in Singapore, Kian Ann is one of the world’s largest one-stop centre for heavy machinery parts and diesel engine spares. We have
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  • Page 10 Advertisements
    • 296 10 t I SIAS Investors' Choice Awards Tat Hong Holdings Ltd is pleased to receive the Runner Up award in the “Most Transparent Company Construction Category” at the SIAS Investors’ Choice Awards 2012 7 KK M r l < r f It i i\ From its humble beginnings as a supplier
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  • Page 11 Advertisements
    • 62 11 S AS TORS ARDS ascendas Achieving Excellence in Corporate Governance Transparency We are proud to be recognised by SIAS in its 13th Investors’ Choice Awards 2012 T hank you to SIAS and our investors for the recognition Space to be AUSTRAL A OH NA I N D A NDONES A
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  • Page 12 Advertisements
    • 119 12 3S i rss £5 3g 09 3S nm:w«l MIMIC IV I 3S 3g I J t Preferred Partner T> mi* If-". WP SS CT —R i wfflWV 3W !VT ''A PS S?? A global leader and trusted partner, Sembcorp Marine is committed towards timely project execution and on-schedule deliveries. Leveraging
      119 words

  • Page 13 Advertisements
    • 290 13 refab The Art ofReinforcing BRC Asia Limited I SIAS JNV_ HDirF for the Most Transparent Company Award (MICA) 2012 Awards BRC Asia Limited is proud to receive the SIAS Investors' Choice Awards 2012 as the Runner-Up in the Chemical Resources Category SIAS Transparency has always been part of our corporate
      290 words

  • Page 14 Advertisements
    • 177 14 Asia's Safest, Singapore's Best. Proudly leading the way in Corporate Governance. DBS --1 1:: O y* Hit -—.-.3V I I J w »m* f,i-wiuiwi—■' JB W> V. r i.. r’K j- .m- ism i?.: kv .’v'-V TW: V l .U'. ,R. n ■Sm.ii S V IS. ■»>- .<■ rm .1?
      177 words