The Business Times, 8 October 2012

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, October 8, 2012
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  • 843 1  -  Q3 contraction expected; MAS likely to ease policy come Friday By TEH SHI NING [SINGAPORE] The recession that gross domestic product (GDP) data is widely expected to confirm on Friday may be “technical” in definition, but more weakness could lie ahead for
    ST FILE PHOTO  -  843 words
  • MARKETS DIGEST
    • 56 1 Weekly Change ST INDEX 3,107.87 +47.53 KL COMP 1,660.23 +23.57 NIKKEI 225 8,863.30 -6.86 HANG SENG 21,012.38 +172.00 SET INDEX 1,311.35 +12.56 JAKARTA COMP 4,311.31 +48.75 MANILA COMP 5,439.84 +93.74 SEOUL COMP 1,995.17 -1.04 SHENZHEN B Closed MUMBAI IND 18,938.46 +175.72 DOW 13,610.15 +173.02 NASDAQ 3,136.19 +19.96 S&P 500
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    • 17 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.310 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.228 (US$/S$ per 1.619 1.987 EURO (US$/S$/E) 1.301 1.597 Foreign currency per US$ S$ YEN 78.40 63.80 RM 3.054 2.488 HK$ 7.753 6.315 BAHT 30.55 24.88 RUPIAH 9,589 7,810 RENMINBI 6.285 5.119 INDIAN RUPEE 51.71 42.11 A$ 0.975 0.794 NZ$ 1.213 0.988
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  • 880 1  -  COMMENTARY WONG WEI KONG News Editor WHEN the Monetary Authority of Singapore (MAS) last Friday announced fresh mortgage curbs to prevent new bubbles from forming in the property market, much of the attention focused on the measures and their impact. But arguably,
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  • Page 1 Advertisements
    • 115 1 DINING OUT Quick bites from Jason Atherton PAGE 24 BizIT Mainframes remain important in IT: BMC PAGE 30 YOUNG INVESTORS‘ FORUM Being part of Africa’s growth story page 14 VIEWS FROM THE TOP Labour pains and gains pages 12-13 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance
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  • TOP STORIES
    • 491 2  -  New projects at Upp Serangoon View and Yishun report business as usual By MINDY TAN [SINGAPORE] Neither the new restrictions on home loans nor the rain kept prospective buyers from condominium showflats over the weekend. Indeed, it was “business a s u s u
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    • 533 2 Global risks flag danger of a deeper slowdown THE recession that Singapore’s gross domestic product data is widely expected to confirm on Friday may be “technical” in definition, but more weakness could lie ahead for the real economy and a third consecutive quarter of contraction cannot be ruled
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    • 581 2  -  Other possible areas of cooperation: life sciences, biomedical PM LEE’S VISIT TO NEW ZEALAND By CHUANG PECK MING in Auckland NEW Zealand Prime Minister John Key, who is just back from Hollywood wooing the big studio bosses, has a Singapore business proposal
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  581 words
    • 768 2  -  Going beyond GDP figures to determine the state of the economy COMMENTARY TEH SHI NING Correspondent IT IS no wonder that the latest headlines warning of a technical recession evoke a sense of déjà vu. Singapore has been here before. In fact, for over
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    • 1156 4  -  Jobs report lifts Obama prospects and douses Romney team’s euphoria after the first debate By LEON HADAR in Washington EARLY last week media pundits and political professionals were still pre-occupied with Mitt Romney’s comments about the “47 per cent” of Americans he described
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    • 770 4  -  In pole spot, Alcoa’s report will cast light on global demand WALL STREET INSIGHT By ROB CURRAN THE Dow Jones Industrial Average rose to a near fiveyear high last week as factory and unemployment data were not as bad as feared, but traders may
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  • Page 2 Advertisements
    • 175 2 THE CSISG METHODOLOGY AND CAPABILITIES PROGRAM In SMU SINGAPORE MANAGEMENT UNIVERSITY DISCOVER THE UNIQUE BENCHMARKING INSIGHTS OF THE NATIONAL STANDARD IN QUANTITATIVE CUSTOMER SATISFACTION MEASUREMENT This full-day program provides management executives with a comprehensive look into the Customer Satisfaction Index of Singapore (CSISG), Singapore’s nationally adopted customer satisfaction measure. Participants
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  • Page 3 Advertisements
    • 72 3 < J n r J 00 -7 CM t I V A SB mOYSTER PER PETUA L S U B M A R I N E R DATE t THE HOURGLASS TAKASHIMAYA S.C., TEL: 6734 2420. TANG PLAZA, TEL: 6235 7198. ION ORCHARD, TEL: 6509 9282. KNIGHTSBRIDGE, TEL: 6884 8484.
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  • Page 4 Advertisements
    • 88 4 0 i it,i rm 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
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  • Page 5 Advertisements
    • 63 5 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 wealth
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  • COMPANY NEWS
    • 509 6  -  Agribusiness bank unfazed by tougher competition in trade finance By ANDREA SOH RABOBANK has ambitions to double its revenues in Singapore in five years’ time (2017). This can be achieved with 20 per cent growth each year, its Singapore CEO Marcel
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    • 18 6 Branchen Stars R1C-A 01/10/2012 150,40 EUR I db X-MACRO Trading Index Fund I4D 27/09/2012 91,81 GBP
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    • 320 6  -  By KENNETH LIM DUTY Free International has reported profit in its second fiscal quarter thanks to growth across-the-board. But it forecast a challenging outlook, according to filings over the weekend. Net profit attributable to shareholders climbed 37.3 per cent year-on-year to RM21.6
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    • 786 6 Payment Ex Books Pay Ann (cts) date close date date ABF Spore Bond Idx Fd ag 1.280 11-Oct 15-Oct 31-Oct 01-Oct Ace Achieve Infocom bo 0.300 09-Nov 14-Nov 28-Nov 30-Aug Amtek Engrg ak 2.200 01-Nov 05-Nov 23-Nov 27-Aug AscendsIndTr(1/4to30/6) ag 1.200 04-Oct 08-Oct 02-Nov 28-Sep AscendsIndTr(1/7 to new
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    • 256 6 Oct 5 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 Tokyo-Mitsubishi Bank of Communications Banque Internationale a ...5.75 Chang Hwa Commercial Bank
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    • 279 6 COMPANY MEETING PLACE DATE TIME British Malayan Tr A The Board Room of BMT Ltd 1 Coleman Street #08-01 The Adelphi 11-Oct 2.30pm CH Offshore A The Board Room 390 Jalan Ahmad Ibrahim 11-Oct 10.30am Goldtron Ltd A Raffles Marina Compass Ballroom 1 9.30am E Level 2 ,10
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    • 1624 8 INSIDE MARKETS The writer is managing director, Asia Insider Ltd BUYING by directors fell for the second straight week. Nine companies recorded 14 purchases worth $426,000 based on filings on the Singapore Exchange in the first week of October. The figures were sharply down
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  • Page 6 Advertisements
    • 292 6 ii International Green Building Conference 2012 Singapore Proudly Presented by V' SINGAPORE GREEN BUILDING COUNCIL By implementing sustainable practices, all businesses can become more cost effective to operate. Small business owners may think the cost and trouble of going green isn't worth the return, but the fact is each eco-friendly
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    • 31 6 Party time... r I t li Looking for a place to chill out? Check out CATS FASTADS in The New Paper Entertainment Food classification. WAT=i BUY IT* SELL IT* FIND IT
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  • Page 7 Advertisements
    • 827 7 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 that began deep within IBM
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  • Page 9 Advertisements
    • 239 9 ST- /-> Jr m <1. i I ACr^cfivc/ Uves-fmovl' 0ppo*4uAi+tJ IiWovdta/ |i4«Ygo>\eY<Miort Uvirtg V r > BY FRASERS THE INTERGENERATION HOME Dual Key Homes We Made it Real FIRST. t m f j fee > 8@Woodleigh ■fkH/ ttom?/ Office- isa r^iSSSa t 1 fM i 1 4*v V u L*y
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  • SINGAPORE MARKETS
    • 734 10  -  STOCKS R SIVANITHY Senior Correspondent TRADERS have long pondered the effectiveness of being contrarian when it comes to trading equities. This variant of the “buy low sell high” rule has its followers but because of an ingrained herd instinct that demands comfort in numbers, it is
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    • 518 10 CURRENCIES Bloomberg [SINGAPORE] Asian currencies rose to a seven-month high as US jobs data that beats economists’ estimates eased concern about a global slowdown and buoyed demand for emerg-ing-market assets. India’s rupee led gains with its biggest weekly rally since
      Bloomberg  -  518 words
    • 585 10 COMMODITIES Reuters [NEW YORK] Oil prices fell on Friday, capping a volatile week, and most other commodities were down too on investor worry over the fragile global economy and Europe’s unresolved debt crisis. The dollar’s rebound after a positive US jobs report
      Reuters  -  585 words
    • 1500 10 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 9.85 14.98 1.52 1.48 Amtek Engineering Ltd 2.67 2.67 6 0.07 7.01 0.71 0.62 ARA Asset Management Limited 1.43
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    • 4 10 WEEKLY
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    • 66 10 Oct 5 VALUE CLOSE BT OB/OS 17.00 -43.00 BT CADI -*****.00 +95.00 BT 10-day MA -*****.00 +1.00 FTSE ST Mid Cap 748.94 +5.52 FTSE ST Small Cap 499.55 +1.83 FTSE ST All Share 759.01 +5.13 FTSE ST China Top 204.04 +1.39 FTSE ST China 221.81 +1.52 FTSE
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    • 55 10 VOLUME Golden Agri 419,411,000 Contel 405,965,000 Ntegrator 323,217,000 AusGroup 281,015,000 Yoma 248,642,000 Thai Beverage 198,271,000 GSH Corp 193,383,000 Interra 159,592,000 IPCO Intl 133,365,000 Kreuz 132,502,000 VALUE($) F&N 456,495,635 SingTel 387,088,654 Golden Agri 268,051,065 DBS Grp 172,759,583 Noble Grp 168,522,198 AusGroup 152,948,250 CapitaLand 149,445,100 Yoma 135,061,900 Keppel Corp
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    • 107 10 BY CENTS CLOSE UP Lyxor Indonesia10US$ *****010.2 9.6 JMH 6200 626.0 9.0 DBXT USDIGInfl 5US$ ***** 572.0 1.6 Jardine C&C 5326 516.0 10.7 DBXT Nifty 10US$ ***** 424.7 3.1 Lyxor AsiaCS 10US$ 5563 397.7 6.2 JSH 3695 371.9 8.9 Great Eastern 1704 182.0 12.0 Lyxor MS India 10US$ 1453
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    • 129 10 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ ***** -354.7 -1.3 DBXT SPASX200 10US$ 3521 -63.8 -1.5 DBXT S&P Short 10US$ 3458 -47.9 -1.1 DBXT MSJAP 10US$ 3509 -43.0 -1.0 DBXT E50 10US$ 3804 -36.8 -0.8 Lyxor Europe 10 US$ 1218 -34.4 -2.2 Asia Pac Brew 5260 -30.0 -0.6 FirstRes
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    • 5 10 WEEKLY
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  • SINGAPORE NEWS
    • 620 11  -  High-risk products now part and parcel of banking business like lending and taking deposits PM LEE’S VISIT TO NEW ZEALAND By CHUANG PECK MING in Auckland LIKE it or not, governments have no choice but to bail out banks these days
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  620 words
    • 572 11 ASK QUESTION: I currently hold independent directorships in several listed companies and also have shares in some of them. I am very familiar with the business and management of these companies as I have been on their respective boards for many years. The current term of
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    • 240 11  -  By CHUANG PECK MING in Auckland SINGAPOREANS studying, working or doing business overseas should also engage in the current “One Singapore National Conversation” and help shape the country's future, said Prime Minister Lee Hsien Loong. Addressing the Singaporean community here at a
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  • Page 11 Advertisements
    • 101 11 HAVE a pressing question about a corporate-law-related issue that your company is facing? Lawyers from Stamford Law will provide their expert advice and answers to your queries on a weekly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and include particulars such
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    • 131 11 A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have personal liability for its actions. Imagine a bank that’s been looking forward for seven generations. Imagine a bank
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  • VIEWS FROM THE TOP
    • 4271 12 THIS WEEK’S TOPIC How has your business, and/or businesses in your industry, been affected by the tighter foreign labour measures? How can the current foreign worker policy be tweaked to meet the needs of the private sector, and Singaporeans generally? Ho Meng Kit CEO Singapore Business
      FILE PHOTO  -  4,271 words

  • Page 13 Advertisements
    • 148 13 A STABLE PLATFORM WITH ULTRA-FAST EXECUTION PRECISION TRADING IN VOLATILE MARKETS s a N'T iil'k Take advantage of market volatility on a platform with the stability and reliability to cope in all conditions, 24 hours a day. When trading forex, shares, indices and commodities use our full suite of risk-management
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1153 14  -  Doing business in the continent requires flexibility and a long-term strategic approach, says JAVIER CUNAT JAVIER CUNAT ACCORDING to the International Monetary Fund, from 2000 to 2010, six of the world’s 10 fastest-growing economies were in sub-Saharan Africa and the forecast for the next
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    • 1215 14  -  Joshua Samuel learnt the hard way the difference between trading and investing, reports TEH SHI NING STARTING YOUNG reportsTEH reportsTEH SHI NING JOSHUA Samuel knows what it’s like to get burnt badly in the stock market. Less than a week after a
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  • Page 14 Advertisements
    • 27 14 If you’re between the ages of 17 and 30 with an interesting entrepreneurial or investing story to share, e-mail btyif@sph.com.sg with “Starting Young” in the subject header
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    • 156 14 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • MALAYSIA/INDONESIA
    • 616 15 Unexpected delay comes as it also vetting an offer for Nexen Inc by CNOOC Reuters [CALGARY] The Canadian government has extended by two weeks its review of a C$5.2 billion (S$6.5 billion) bid by Malaysian state oil company Petronas to take over Progress Energy
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    • 452 15 It is asking for a fresh capital injection after IPO plans were rejected Reuters [JAKARTA] Indonesia’s biggest pawnshop operator PT Pegadaian has asked the government for a fresh capital injection after it turned down the company’s plan to raise up to 6.4 trillion
      Reuters; PHOTO: REUTERS  -  452 words
  • Page 15 Advertisements
    • 110 15 Confidence to expand That’s what participants in international commerce can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies doing business around the world partner with us to manage virtually every kind of risk. Changing currency valuations, energy costs,
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  • GREATER CHINA/INDIA
    • 697 16 Earnings of S&P 500 companies hit by another likely weak quarter for China Reuters [NEW YORK] China was the world’s turbocharged engine of growth for years, and US technology, energy and industrial companies fattened their profit margins even if business struggled in other
      Reuters; PHOTO: REUTERS  -  697 words
    • 263 16 Reuters [MUMBAI] US private equity firm Carlyle Group is selling its 3.7 per cent stake in India’s top mortgage lender Housing Development Finance Corp Ltd in a deal to raise as much as US$861 million, according to a term sheet. Carlyle is selling
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    • 1624 16 VOL Oct 5 RM +/-(‘000) VOL Advance Synerg 0.15 -0.01 251 Adventa Bhd 1.86 0.01 187 Ae Multi Hldgs 0.20 unch 31 Affin Holdings 3.36 0.03 1151 Ahmad Zaki Res 0.73 0.02 926 Airasia Bhd 3.03 0.01 7196 Alliance Finan 4.09 -0.03 646 Aluminium Co 0.79 0.01 23
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  • Page 16 Advertisements
    • 1757 16 LanTroVision LANTROVISION (S) LTD (Company Registration No.: *****3374R) (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Lantrovision (S) Ltd (“the Company”) will be held at 8 Ayer Rajah Crescent, Singapore *****9 on Tuesday, 23 October 2012 at
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  • ECONOMY WATCH
    • 611 17 400-500 top-end properties flooding Paris market as a result, agents say AFP [PARIS] A flood of top-end properties are hitting the market as businessmen seek to leave France before stiff tax hikes hit, real estate agents and financial advisors say. “It’s nearly a
      AFP  -  611 words
    • 550 17 NYT [NEW YORK] BRIC countries are losing favour with investors as stock markets in these emerging countries go soft. The acronym BRIC coined by Jim O’Neill, chairman of Goldman Sachs Asset Management stands for Brazil, Russia, India and China. It’s shorthand for
      NYT  -  550 words
    • 429 17 Reuters [SEOUL] South Korea believes the won will be in an “extraordinarily” balanced state for a considerable period and is determined not to intervene to weaken it to boost exports, top policymakers told Reuters. Exports and imports both fell in September from a
      Reuters; PHOTO: BLOOMBERG  -  429 words
    • 769 17 It eyes real estate, infrastructure, private equity Reuters [TOKYO] The head of Japan’s Government Pension Investment Fund (GPIF), the world’s biggest public pension fund, said that it may venture into alternative assets, such as infrastructure and private equity funds, as an ageing
      Reuters; PHOTO: AFP  -  769 words
  • Page 17 Advertisements
    • 411 17 Distinguished! Speakers I Lecture Series Ambassador Chan Heng Chee ASEAN and Singapore in Washington Singapore Chinese Chamber of Commerce Industry is proud to present the sixth in our Distinguished Speakers Lecture Series. Date Time Venue Fees October 19, 2012 (Friday) 11.30 am to 2.00 pm (inclusive of lunch) The Ritz-Carlton,
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  • WORLD
    • 563 18 He also wants to renegotiate UK’s relationship with the bloc after 2015 GE Reuters Bloomberg, [BIRMINGHAM, England] UK Prime Minister David Cameron suggested that the European Union should have a two-tier budget structure, with countries in the euro region paying more towards governance
      Reuters; Bloomberg,  -  563 words
    • 760 18 Local hero Kamui Kobayashi comes in third AFP [SUZUKA, Japan] Defending world champion Sebastian Vettel threw the battle for this year’s Formula One title wide open yesterday when he cruised to a supreme victory in the Japanese Grand Prix. The 25-year-old German, who
      AFP; PHOTO: AP  -  760 words
    • 588 18 Both NBG and Eurobank say merger will lead to financial sector stability AFP [ATHENS] Greece’s banking sector is bracing for what local media called a super deal, following the announcement of the National Bank’s offer
      AFP  -  588 words
    • 648 18 Major expansion plans in the US set to challenge rivals Reuters [NEW YORK] London Stock Exchange Group’s FTSE Group is planning a major expansion in the United States that will challenge rivals and could trigger a price war among providers of
      Reuters  -  648 words
    • 352 18 Reuters [LONDON] Australian central bank chief Glenn Stevens has been approached by British Treasury officials seeking a new head for the Bank of England after governor Mervyn King steps down next year, the Sunday Times reported. Mr Stevens, 54, has been
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    • 722 20 They are shifting reliance from offshore, wholesale funding to core domestic deposits Bloomberg [SYDNEY] Australian banks are seeing a “relentless” increase in costs even as they shift their reliance to deposits from wholesale funding, Australia and New Zealand Banking Group Ltd (ANZ
      Bloomberg  -  722 words
    • 915 20 Recent acquisitions in gaming, medical equipment may not lift profit, they say Reuters [TOKYO] Sony Corp CEO Kazuo Hirai has spent US$1.8 billion in the past three months snapping up an assortment of businesses such as medical equipment and cloud gaming, leaving investors to
      Reuters; PHOTO: REUTERS  -  915 words

  • Page 19 Advertisements
    • 1656 19 800 SUPER HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****8701K NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting (“AGM”) of 800 Super Holdings Limited (the “Company”) will be held at Orchid Country Club, Octagon, Level 1, Golf Clubhouse, 1 Orchid
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    • 381 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF XENON CAPITAL PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION! (COMPANY REGISTRATION NO. *****7542R) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
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    • 549 19 BISCUIT BRANDS (KUAN) PTE. LTD. (Company Registration Number: *****4673W) (Incorporated in the Republic of Singapore) NOTICE OF PROPOSED AMALGAMATION OF BISCUIT BRANDS (KUAN) PTE. LTD. WITH KUAN ENTERPRISES PRIVATE LIMITED ISSUED PURSUANT TO SECTION 215C(5)(b) OF THE COMPANIES ACT (CHAPTER 50 OF SINGAPORE) Pursuant to Section 215C(5)(b) of the Companies
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    • 2523 19 CIVMEC LIMITED (Incorporated in Singapore on 3 June 2010) (Company Registration Number *****1837H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at M Hotel Singapore, Shenton Room, Basement 1, 81 Anson Road, Singapore *****8 on Thursday, 25 October
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  • Page 20 Advertisements
    • 1656 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices esA LION TECK CHIANG LIMITED OtmIa (Incorporated in the Republic of Singapore) YJKm Co. Reg. No. *****0176K NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Lion Teck Chiang Limited (the "Company") will be held at
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    • 574 20 In the Matter Of the Companies Act (Cap. 50) AND In the Matter Of REVERE CAPITAL ADVISORS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (“the Company”) REGISTRATION NO. *****2072G NOTICE TO SUBMIT PROOF OF DEBTS NOTICE IS HEREBY GIVEN that the creditors of the Company, which Is being wound up voluntarily,
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  • Page 21 Advertisements
    • 1272 21 GEMS TV HOLDINGS LIMITED Company Registration No. CR-*****6 (Incorporated in Cayman Islands with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Gems TV Holdings Limited (“the Company”) will be held at RELC International Hotel, 30 Orange Grove Road, Singapore *****2 on
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    • 567 21 KUAN ENTERPRISES PRIVATE LIMITED (Company Registration Number: *****0415M) (Incorporated in the Republic of Singapore) NOTICE OF PROPOSED AMALGAMATION OF KUAN ENTERPRISES PRIVATE LIMITED WITH BISCUIT BRANDS (KUAN) PTE. LTD. ISSUED PURSUANT TO SECTION 215C(5)(b) OF THE COMPANIES ACT (CHAPTER 50 OF SINGAPORE) Pursuant to Section 215C(5)(b) of the Companies Act
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    • 3110 21 OXLEY HOLDINGS LIMITED (Company Registration Number *****5612G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OXLEY HOLDINGS LIMITED (the “Company”) will be held at the Raffles Lounge (Level 2) of Raffles Country Club at 450 Jalan Ahmad
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  • Page 22 Advertisements
    • 80 22 The Business Times is now on iPhone! Download the app for free from iTunes. Enjoy free breaking news and subscribe* for the full daily Business Times. ‘Get free access to premium content for up to 1 month when you subscribe on iTunes now. For a limited period only. •ml 4q
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  • SHIPPING/AVIATION
    • 1019 23 Narvik banks on increase in Swedish production on rising Chinese demand Bloomberg [OSLO] The port of Narvik, where the waters around a ship at the existing loading quay are tainted red by iron ore dust, is preparing for an economic boom. Iron ore
      Bloomberg  -  1,019 words
    • 577 23 Reuters [AMSTERDAM] Rotterdam, Europe’s biggest port, plans more cleaner gas-fuelled ships, cutting the use of sulphur-heavy marine fuel oil. The port expects to have a total of 100 ships at its docks running on liquefied natural gas (LNG) by 2015, a senior official said. The
      Reuters; PHOTO: BLOOMBERG  -  577 words
    • 288 23 Reuters [HELSINKI] Finnish cargo handling equipment maker Cargotec which aims to list its marine unit in Singapore or Hong Kong next year demoted its chief executive, raising expectations that a change in leadership could help the firm improve its profitability. CEO Mikael Makinen, who
      Reuters  -  288 words
    • 344 23 [KUALA LUMPUR] Malaysian shipper MISC Bhd is selling half of its 100 per cen t s t a k e i n G umu sut-Kakap Semi-Floating Production System (L) Ltd (GKL) for US$305.7 million. According to Malaysia’s Business Times, the stake, amounting to 305.7
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    • 147 23 Bloomberg [LUXEMBOURG] Airlines must compensate passengers who were prevented from boarding their flights as a result of a strike or a delayed earlier flight, the European Union’s highest court said. An “extraordinary” event, such as a strike, that prompts an airline to reschedule
      Bloomberg  -  147 words
    • 255 23 SGX '000 Oct 5 S$ +/-Vol CH Offshore 0.52 unch 837 Chuan Hup Hldg 0.26 0.01 1268 Cosco Corp 0.96 0.01 4436 s$ Ezra Hldgs 1.21 0.03 ***** First Ship Lea 0.12 unch 82 Freight Links 0.07 unch 1488 Grand Banks 0.42 unch 16 Jaya Hold Ltd 0.57
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    • 3500 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 23 Advertisements
  • Page 23 Miscellaneous
    • 313 23 CRYPTIC CROSSWORD Across 1 Helicopter ejecting hotel inspector, for example (6) 5 Restricted dealing in trade covering source of oil (8) 9 Symbols of authority priest understands (6,7) 10 Practical people mostly relax welcoming top celebs (8) 11 City dweller getting personal in match (6) 12 A power unit rejected
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  • DINING OUT
    • 850 24  -  By Jaime Ee NEW RESTAURANT Keong Saik Snacks 49 Keong Saik Road Singapore *****3 Tel: 6221 8338 SNACKING in Singapore, it would seem, has become a competitive sport of late. Forget about bragging rights from dining at the likes of Robuchon or Andre.
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  • Page 24 Advertisements
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  • SINGAPORE STOCKS
    • 3361 25 Week ended: Oct 5 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 Last Vol Week Last Quote Div GrYld 148.5 92.5 AIMSAMPIReit 147.5 +6.5 3229 148.5 141.5 145.5 147.5 5.6 14.1
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    • 333 26 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 $mil Last 4.6 1.3 t Advanced System 2 unch 1065 2 1.9 2 2.1 26.5 Week Last Quote Div Gr Yld Net M
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    • 111 26 Stock name Close Change CapMallsAsia 1.655 -0.010 CapitaLand 3.300 +0.010 CapitaMall 2.050 +0.030 CityDev 11.950 +0.020 ComfortDelGro 1.710 +0.010 DBS Grp 14.460 +0.050 F&N 8.880 GLP 2.500 Genting SP 1.360 Golden Agri 0.645 +0.015 Stock name Close Change HK Land 6.080 +0.050 IHH Healthcare 1.280 -0.005
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    • 2238 26 Transaction date: Oct 5 HONG KONG Vol HK$ +/-'000 Aeon Stores 20.15 0.10 26 Angang Steel 4.24 0.18 ***** Anhui Conch 24.75 0.35 9151 Anhuiexpresswa 3.40 0.09 1228 Asia Satellite 23.10 unch 0 Asm Pacific 89.00 0.90 640 Bank Of E Asia 29.30 0.10 1135 Beida Jade Bir
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    • 208 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 39.5 25.5 AVJennings A31 +0.5 12 31 31 32 40.5 3.6 11.3 2.5 80.7 41.5 26 Genting HK US$ US32 unch ***** 32.5 31 32 32.5 2107
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    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 6 2 0 0 0 10 6 2 Manufacturing 79 77 37 7 14 10 86 91 47 Commerce 40 22 14 10 6 3 50 28 17 Tpt/Stor/Comms 21 16 7
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    • 1100 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124.9 114.4 ABF SG Bond ETF 119cd -1.5 3 120 119 120 122 543.2 128.5 120.4 CIMB APAC Div 100S$D 128.5 +1.5 2 128.5 128.5 127.9
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    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 82,265 82,265 253,454 253,454 Manufacturing 1,846,435 240,759 2,087,194 1,253,661 8,655 1,262,316 Commerce 927,302 24,987 952,289 590,704 2,002 592,706 Tpt/Stor/Comms 526,963 80,974 607,937 836,278 25,306 861,584 Finance 131,048 5,668 136,716 461,550 2,569 464,119 Construction 496,032 12,136
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  • Page 26 Advertisements
    • 26 26 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 636 27 Oct 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8850.29 8880.23 8805.79 Dec12 8850.00 8890.00 8800.00 8870.00 ***** *****9 Mar13 8840.00 8840.00 8800.00 8855.00 25 1124 MSCI TAIWAN INDEX FUTURES SPOT 274.34 275.42 273.58 Oct12 274.50 275.70 273.70 274.30 ***** *****1 Nov12 273.80
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    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 5 Index Change Change Change Change Change Change World Preliminary 931.9 0.5 12.3 0.5 7.0 0.6 13.1 EAFE Preliminary 737.4 0.8 8.1 0.9 3.5 1.0 9.4 Europe Preliminary 1123.6 1.1 9.5
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    • 103 27 As on 05 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2012 1795.20 1775.90 1780.60 61 INDIA GOLD (E-GOLD) FUT DEC2012 599.95 594.20 596.75 469 CURRENCY EUR-USD FUT DEC2012 1.3050 1.3007 1.3043 1016 BASE METAL COPPER FUT DEC2012 8382 8316
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    • 107 27 Oct 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1551.50 1551.50 1569.50 1544.50 Jan 13 1551.00 1551.00 1569.00 1544.25 Mar 13 1513.00 1518.50 1531.25 1510.25 May 13 1460.50 1470.00 1477.25 1457.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 50.76
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    • 70 27 CRUDE OIL PRODUCTS Oct 04 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.05 0.21 WTI (Near Mth) 91.6 3.63 Dubai (1-Mth F) 105.57 -1.81 Tapis blend 113.64 -1.65 Minas 108.79 -1.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.33 -1.67 Jet Kerosene 128.06 -1.38 US$/barrel OpecOil Basket
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    • 22 27 Oct 5 S$ Bid Offer 1-month 1.2275 1.2279 2-months 1.2275 1.2279 3-months 1.2275 1.2279 6-months 1.2270 1.2275 Source: OCBC
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    • 64 27 Oct 5 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2085.00 2087.50 3 months 2110.00 2120.00 Copper, Grade A(US$/tonne) Cash 8295.00 8295.50 3 months 8295.00 8300.00 Lead(US$/tonne) Cash 2279.75 2282.00 3 months 2288.00 2290.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 80 27 Oct 5 COCOA (£/tonne) Close Prev High/Low Dec 12 1525 1532 1543/1523 Mar 13 1532 1538 1549/1530 May 13 1541 1548 1565/1539 Jul 13 1549 1555 1562/1547 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2095 2152 2153/2092 Jan 13 2113 2161 2167/2110 Mar 13 2126 2170 2179/2123 May 13 2137
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    • 1099 27 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 0.1 8026 1 32 -1 33.50 1 BakerTech W*****5 9.3 0.2 1733 1 27 8
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    • 470 27 Oct 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.005 6.444 0.788 7.950 53.023 98.326 0.804 11.394 3.132 1.244 97.864 42.498 1.259 8.829 0.955 30.030 31.326 0.633 1.025 Canada 0.995 6.411
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    • 60 27 Oct 5 (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$) 3 mths 0.***** 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
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    • 137 27 Oct 5 GOLD(US$/oz) Oct 04 Oct 05 Hong Kong 1791.10 1796.70 Oct 05 Oct 04 Oct 05 London 1791.39 1785.10 1792.20 1785.85 Source: Thomson Reuters CAST BAR Oct 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 158 70 5gm 449 352 10gm
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    • 87 27 Oct 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 03-Jan-13 0.29 6-Month BS*****W 04-Apr-13 0.3 1-Year BY*****T 02-May-13 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.11 5-Year N*****0Z 2.375 01-Apr-17 108.72
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    • 57 27 Oct 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2240.0 2189.0 2260.0 2200.0 136 2491 Nov 12 2325.0 2275.0 2365.0 2292.0 847 ***** Dec 12 2385.0 2352.0 2448.0 2376.0 ***** ***** Jan 13 2460.0 2438.0
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    • 154 27 Oct 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2581 1.2597 1.0249 1.0259 Canadian dollar 1.2519 1.2530 1.0204 1.0199 Euro 1.5970 1.5976 1.3010 1.3011 NZ dollar 1.0118 1.0128 0.8243 0.8248 Sterling pound 1.9867 1.9877 1.6185 1.6188
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    • 121 27 As at 9am Oct 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.287 1.226 Can dollar 1.279 1.219 Euro 1.634 1.557 Sterling pound 2.023 1.946 NZ dollar 1.037 0.988 US dollar 1.244 1.197 Local dollars to 100 units of foreign
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    • 154 27 Oct 5 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.35 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.75 0.55 9 months 0.90 0.70 12
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  • Page 29 Advertisements
    • 172 29 TO ADVERTISE IN .The Business Times IIIL UUJINLJJ I 11V11 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 Shipping Times Highlight Your
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 944 30  - Mahindra Satyam an exciting journey but only halfway through <you say> By CP GURNANI The author is CEO, Mahindra Satyam and managing director, Tech Mahindra SATYAM Computers was one of India’s top information technology (IT) services companies when it was plunged into a major crisis in January 2009 following the
      944 words
    • 907 30  -  Higher security levels and heavy workload capabilities are major draws of mainframes, a survey by the company shows. AMIT ROY CHOUDHURY reports CHOUDHURYreports shows.AMIT ROY CHOUDHURYreports THE demise of the mainframe computer was predicted as far back as 1991 when famed computer pundit Stewart
      907 words
    • 501 30  -  This will improve efficiency, timeliness of care for patients By LOO PO LI TECHNOLOGIES that enable healthcare professionals to do their job while on the go will empower them to provide high-quality, yet affordable, care to Singaporeans of the future, many of whom
      501 words
    • 543 30 AFP [WASHINGTON] As Apple paid homage on Friday to Steve Jobs a year after his death, the US technology giant appeared to be extending its leadership in the sector even without the visionary leader. Visitors to the Apple website were greeted with
      AFP  -  543 words
    • 952 31  -  Full-stack strategy falling into place nicely with latest cloud movements Reports by VICTORIA HO in San Francisco ORACLE’S full-stack market strategy has fallen into place with its latest cloud announcements, the company said late last week. The
      952 words
    • 579 31 AS the world moves to cloud computing, Oracle’s new database architecture represents an earnest effort to work the concept of modular parts into company databases. The idea is that movable data allows the concept of the cloud to flourish, because companies will have more flexibility
      579 words
    • 443 31  -  By AMIT ROY CHOUDHURY CANON launched a bevy of new cameras and printers last week. The star of the show was undoubtedly the new DSLR (digital single lens reflex) camera, the EOS 6D, which was touted as the world’s “lightest” full-frame DSLR. The EOS 6D
      443 words
    • 754 31  -  Server will be used in a newly built data centre in S’pore By AMIT ROY CHOUDHURY MICROSOFT last week announced the successful deployment of the Windows Server 2012 at Awan Computing, a local cloud-based infrastructure provider with a regional footprint. According
      754 words
    • 579 31 AP [SAN FRANCISCO] China. India. And now Facebook? The company said last week that it had a billion users worldwide who logged into Facebook at least once a month. The number is all the more remarkable considering that Facebook was created only seven years ago
      AP  -  579 words
  • Page 30 Advertisements
    • 32 30 LOOKING FORA LOCAL BUSINESS CONTACT? Find it STDi rectory Air Con Services Des\gners T s 0 0 \nter\oT DecoraW V. STDIRECTORY.se Search from 16 categories with results showing maps, addresses and more.
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  • Page 32 Advertisements
    • 27 32 ONLY BY UNDERSTANDING THE PAST ARE YOU ABLE TO BUILD FOR THE FUTURE. For generations of wealth management, Coutts. coutts.com A INVESTMENT MANAGEMENT PRIVATE BANKING WEALTH PLANNING
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