The Business Times, 10 October 2012

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Microfilm: NL32263
Total Pages: 58
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, October 10, 2012G
    25 words
  • Article
    Lock icon S’pore cracks down on tax dodgers’ funds
    675 1  -  Private banks which accept such clients face harsh penalties from next July By SIOW LI SEN [SINGAPORE] Tax dodgers can no longer hide their funds in Singapore and there will be severe penalties on private banks which accept such clients. The Monetary Authority
    675 words
  • Article, Illustration
    Lock icon Looser monetary policy may still follow escape act
    838 1  -  S’pore may dodge technical recession but most still expect MAS to slow pace at which S$ appreciates By EMILYN YAP, TEH SHI NING [SINGAPORE] Technical recession or not, how Singapore’s central bank decides on monetary policy this Friday will depend largely on
    Source: CEIC, UOB Economic-Treasury Research  -  838 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,065.91 (-10.74) HST INDEX FUTURES 3,066.00 (-10.00) HSIMSCI 350.44 (-0.82) HSIMSCI FUTURES 350.60 (-0.90) us$ s$ US$ (S$ per US$) 1.230 (US$/S$ per 1.602 1.969 EURO (US$/S$/€) 1.293 1.590 Foreign currency per US$ S$ YEN 78.30 63.70 RM 3.073 2.499 HK$ 7.752 6.305 BAHT 30.66 24.94 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Tuesday Change KL COMP 1,663.32 +3.10 NIKKEI 225 8,769.59 -93.71 HANG SENG 20,937.28 +112.72 SET INDEX 1,292.48 -12.23 JAKARTA COMP 4,280.25 +12.02 MANILA COMP 5,394.90 -39.23 SEOUL COMP 1,979.04 -2.85 SHENZHEN B 581.60 +7.85 MUMBAI IND 18,793.36 +84.38 12 noon EDT Change DOW 13,502.09 -81.56 NASDAQ 3,068.27 -44.08
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.284 TAIWAN 5.036 JAPAN 1,475 Source: Bloomberg
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      34 1 EURO WOES Angela Merkel shows support for Greece PAGE 2 SBF: TEN YEARS ON The Singapore Business Federation on celebrating shared achievements in a 20-page special supplement. Don’t miss it with your BT today
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      13 1 STRAIT TALK Tanker safety takes the spotlight here next week PAGE 26 **********04
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      207 1 EXEC MONEY Upsurge of interest in multi-asset strategies PAGE 34 LIEW MUN LEONG’S SUCCESSOR Lim Ming Yan appointed CapLand president, CEO PAGE 4 rr > 'V, w *V .V I V X 3K lS h HILLTOPS -X E LEVATE D A home above the pulse of the city at the
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  • TOP STORIES
    • Article, Illustration
      Lock icon Merkel’s visit shows backing for Greek euro membership
      705 2  -  Opposition leaders say austerity policies have made things worse for Greece By NEIL BEHRMANN in London GERMAN Chancellor Angela Merkel’s visit to Greece yesterday demonstrated her country’s support for the struggling nation’s euro membership. A security cordon of some 7,000 police backed
      PHOTO: AP  -  705 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      582 2 Looser monetary policy may still follow escape act TECHNICAL recession or not, how Singapore’s central bank decides on monetary policy this Friday will depend largely on its outlook on growth and inflation. Second-quarter GDP numbers may be better than first estimated, said Prime Minister Lee Hsien Loong yesterday.
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    • Article, Illustration
      Lock icon Toro's Art for Art Couture
      432 2  -  BBgSllS8li»fBlliiipat|i>l jwiB^niwBa^ IrlrefJpi^UBTJl 7f=< :fi j Q: How did the idea of Art Couture come about? A: I’d seen a photograph of a model dressed in plain white canvas surrounded by paintings and thought to myself: why not do a couture collection of digital fine
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    • Article, Illustration
      Lock icon Resale prices of industrial space on the rise
      614 4  -  But analysts disagree on need for govt measures to cool speculation By ONG CHOR HAO [SINGAPORE] There are signs of speculation developing in areas of the industrial property sector, analysts say, but they are divided over whether there is overheating and if
      Source: DTZ Research  -  614 words
    • Article, Illustration
      Lock icon Singapore may have been spared a technical recession
      699 4  -  PM Lee alludes to the economy having grown in Q2 By CHUANG PECK MING in Wellington SINGAPORE may have dodged a technical recession on a technicality. It requires two straight quarters of decline in gross domestic product for a technical recession to
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  699 words
    • Article, Illustration
      Lock icon Mun Leong passing CapitaLand baton to Lim Ming Yan
      477 4  -  By MINDY TAN [SINGAPORE] In the end, a proven hand was picked for the hot seat. Lim Ming Yan will take the reins of CapitaLand Group as its president and chief executive officer from Jan 1. Hailed by market watchers as
      477 words
    • Article
      Lock icon Monetary easing likely along with softer inflation bias
      544 4  -  By TEH SHI NING [SINGAPORE] The Monetary Authority of Singapore (MAS) is widely expected to ease monetary policy slightly this Friday as growth looks set to weaken further. But if there is a reduction in the Singapore dollar’s pace of appreciation, this
      544 words
    • Article
      Lock icon IMF gets more worried about emerging economies
      649 4  -  Hit by contraction in demand and also ‘homegrown woes’ By ANTHONY ROWLEY in Tokyo AS the world’s finance ministers and central bank governors gather for the International Monetary Fund (IMF) and World Bank annual meetings here this week, the concern appears to be
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      107 3 DISCOVER NEW DEPTHS ATTHE TUDOR DIVING HERITAGE EXHIBITION 'V' X m x- 'ms m 9 f If-. r, "%Tr -*v 'X;\& T. Xc-; A > v?/ •5fi■**5 i X/ r C> <0 AtP TU >OR EVE 200n:660ft x .r TOR >^ WINO'^ <2 21 S 05 SUSS ucoo QE v?
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Lower China demand, bumper crop dampen palm oil prices
      644 5  -  Recovery expected by year-end; Europe, India markets still good By ANDREA SOH THE steep plunge in palm oil prices to near three-year lows was due to weak demand from China and the current high production season, say analysts. But prices are
      PHOTO: BLOOMBERG  -  644 words
    • Article, Illustration
      Lock icon Chemoil sells Helios Terminal for US$285m
      512 7  -  Buyer of terminal on Jurong Island is Oiltanking of Germany By RONNIE LIM MARINE fuel supplier Chemoil Energy, now controlled by Swiss commodity giant Glencore, is selling off its Helios Terminal on Jurong Island for US$285 million to Germany’s Oiltanking, which also operates oil
      FILE PHOTO  -  512 words
    • Article
      Lock icon New appointments at Keppel O&M
      340 7  -  By JASMINE NG KEPPEL Offshore Marine, a wholly owned subsidiary of Keppel Corporation, has appointed Michael Chia as managing director (marine). Mr Chia, 59, will oversee Keppel O&M’s marine division which includes Keppel Shipyard, Keppel Singmarine and other marine-related overseas yards, the company said yesterday.
      340 words
    • Article
      Lock icon Court rules on Grand Banks placement shares
      582 7  -  19.2m contested units to carry voting rights at EGM By LYNN KAN THE Singapore High Court has decided ahead of a crucial extraordinary general meeting (EGM) today that 19.2 million placement shares about 16.7 per cent of Grand Banks Yachts will carry voting
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    • Article
      Lock icon Shareholders put exec pay under spotlight: Mercer
      466 10  -  Trend of regulators increasing their focus on remuneration issues By KENNETH LIM GREATER shareholder activism has pushed regulators and businesses worldwide to improve executive remuneration strategies, according to a survey by consulting firm Mercer. As shareholders are increasingly quick and able to respond
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    • COMPANY BRIEFS
      • Article
        Lock icon Mapletree Logistics names new CEO
        33 10 MAPLETREE Logistics Trust has announced the appointment of Ng Kiat as its CEO and executive director. The 43-year-old replaces Richard Lai, who tendered his resignation on July 26.
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      • Article
        Lock icon AIMS AMP Reit's portfolio value up
        89 10 AIMS AMP Capital Industrial Reit’s portfolio has been valued at $965.7 million on Sept 30, up 5.6 per cent from March 31. “Excluding 20 Gul Way, which is under development, the trust’s portfolio grew in value by 2.6 per cent,” said the trust’s manager.
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      • Article
        Lock icon Enviro-Hub unit to buy Tuas property
        69 10 ENVIRO-HUB Holdings Ltd said its unit, HCG Environment Pte Ltd, had secured the rights to purchase a property at Tuas View Circuit for $8.4 million. The property has a land area of approximately 12,000 square metres and a built-up area of 6,600 sq m
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      • Article
        Lock icon Cheung Woh’s Q2 earnings dip 4.7%
        123 10 CHEUNG Woh Technologies has reported a 4.7 per cent year-on-year fall in net profit to $553,000 for the second quarter ended Aug 31, 2012. Turnover tumbled 56 per cent from a year ago to $15.81 million. The preceding FY2012’s Q2 results included that of
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      • Article
        Lock icon Dyna-Mac plans share placement
        78 10 DYNA-MAC has announced a placement of up to 139.5 million shares consisting of 93 million new shares and 46.5 million shares to be offered by CEO Lim Tze Jong at 50 cents apiece. It plans to use the net proceeds of $45.7 million from the new
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    • Article
      Lock icon Genting scions gain foothold in Australia
      531 10 Founder’s grandsons eyeing own casino business in S-EA Reuters [SYDNEY] Two scions of Malaysia’s Genting gaming empire inked a deal yesterday to gain control of listed Australian wagering group Two Way Ltd as they seek to build their own casino and leisure business in
      Reuters  -  531 words
    • Article, Illustration
      Lock icon Indian Oil bond issue taps low rates
      727 10 More Indian firms resort to foreign debt issuance Bloomberg [NEW DELHI] Indian Oil Corp, which posted the nation’s worst ever corporate loss last quarter, capped debt costs at a record low as it sold the first Singapore dollar bond by a local non-bank
      Bloomberg; PHOTO: BLOOMBERG  -  727 words
    • Article
      Lock icon PICTET
      273 10 Pictet-Absl Rtn Glo Cons-P EUR 05.10.2012 EUR 105,47 Pictet-Absl Rtn Glo Div-P EUR 05.10.2012 EUR 119,67 Pictet-Asian Equities Ex Japan-P USD 05.10.2012 USD 168,01 Pictet-Asian Local Currency Debt-P USD 05.10.2012 USD 151,62 Pictet-Biotech-P USD 08.10.2012 USD 391,34 Pictet-Clean Energy-P USD 05.10.2012 USD 62,37 Pictet-Digital Communication-P USD 05.10.2012 USD 153,06
      273 words
    • Article
      Lock icon Former Wall St execs launch hedge fund to bet on Asia M&A
      367 10 Reuters [HONG KONG] Hong Kong-based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia-focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from
      Reuters  -  367 words
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      1388 5 INITIAL PUBLIC OFFERING CLOSES TOMORROW NOON! COURTS APPLY WW! October on Courts Asia Limited {Company Registration Number: *****1347K) (Incorporated in Singapore on 18 January 2010) ONE OF THE LEADING ELECTRICAL PRODUCTS, IT PRODUCTS AND FURNITURE RETAILERS IN SINGAPORE AND MALAYSIA at noo n Courts Asia Limited is offering 60,000,000 new
      1,388 words
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      80 6 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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      68 7 0 a ms M y.t. —VI Ya i: sgjf M I mi S’; V *s f’ ?r H mk i i A£ I M "Min \fi IBk m '4 ms,. »f !S'‘ 5 I F■ffc I a»l t a \j. 1 iSi Vi x J, 1 CORPORATES. INVESTMENT BANKING EALTH
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Early bounce fails to hold up
      578 8  -  STI retreats once again as S’pore market takes the cue from HK reversal and weak Europe opening STOCKS R SIVANITHY Senior Correspondent AN early bounce most likely short-cov-ering after Monday’s se ll o ff i n t h e Straits Times Index eventually gave
      Source: Bloomberg  -  578 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 5 0 0 0 6 6 5 Manufacturing 39 61 41 5 9 5 44 70 46 Commerce 17 21 26 6 4 2 23 25 28 Tpt/Stor/Comms 14 14 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,399 8,399 38,094 38,094 Manufacturing 306,665 84,098 390,763 200,605 1,524 202,129 Commerce 222,716 3,207 225,923 95,775 242 96,017 Tpt/Stor/Comms 97,659 20,405 118,064 167,532 6,374 173,906 Finance 19,461 594 20,055 101,936 260 102,196 Construction 55,021 16,387
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      107 8 Stock name Close Change CapMallsAsia 1.670 +0.020 CapitaLand 3.170 -0.020 CapitaMall 2.070 +0.020 CityDev 11.700 +0.030 ComfortDelGro 1.675 -0.020 DBS Grp 14.200 -0.050 F&N 8.880 GLP 2.500 -0.020 Genting SP 1.335 -0.010 Golden Agri 0.635 HK Land 6.040 -0.010 IHH Healthcare 1.280 JMH 59.500 -0.710 JSH
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Oct 9 VALUE CLOSE BT OB/OS -202.00-101.00 BT CADI -*****.00 -66.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 745.56 +0.35 FTSE ST Small Cap 492.26 -0.65 FTSE ST All Share 749.89 -2.03 FTSE ST China Top 202.09 -0.29 FTSE ST China 219.93 -0.37 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Transcu Grp 507,453,000 Sunmoon 81,282,000 Goldtron 52,277,000 GSH Corp 48,071,000 Golden Agri 47,248,000 Contel 38,336,000 Nam Cheong 37,236,000 SingTel 28,729,000 Memstar 27,704,000 Noble Grp 25,507,000 VALUE($) SingTel 91,830,450 F&N 56,154,310 DBS Grp 37,866,700 Noble Grp 32,891,140 CapitaLand 32,015,510 Golden Agri 30,020,520 Genting SP 28,657,745 UOB 27,618,810
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      881 8  -  Compiled by KENNETH LIM Viz Branz Oct 9 close: S$0.68 OCBC Investment Research, Oct 9 VIZ Branz (VB) announced yesterday that its current CEO Chng Beng Beng sold 57 million shares (about 16.1 per cent ownership stake) to Lam Soon Cannery Pte Ltd at a price of $0.735/share,
      Source: Bloomberg  -  881 words
    • Article, Illustration
      Lock icon Euro falls on Greece and Spain worries
      572 8 CURRENCIES Reuters [LONDON] The euro fell yesterday, pulling further away from recent highs as uncertainty about when Spain will apply for a bailout and fresh concerns about Greece weighed on investor sentiment. European Central Bank president Mario Draghi’s reiteration that the ECB’s financial
      Reuters; PHOTO: AP  -  572 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP IS S&P500 ***** 226.2 1.3 DBXT SPASX200 10US$ 3557 60.2 1.4 Lyxor AsiaRE 10US$ 935 57.8 5.3 YHS 246 20.0 8.8 DBXT FTChina25 10US$ 2679 16.0 0.5 DBXT CSI300 10US$ 724 11.1 1.3 Chemoil Energy 41 9.2 22.4 Luye Pharma 136 8.5 6.7 DBXT MSCHINA
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    • Article
      Lock icon FALLS
      121 8 BY CENTS CLOSE DOWN Hyflux 6% CPS 10 ***** -245.0 -2.3 Jardine C&C 5180 -95.0 -1.8 JMH 5950 -87.3 -1.2 DBXT Nifty 10US$ ***** -62.7 -0.5 DBXT MSJAP 10US$ 3465 -52.9 -1.2 Lyxor MS India 10US$ 1406 -29.5 -1.7 DBXT MSTaiwan 10US$ 1777 -25.8 -1.2 UOB.ES.1210 1958 -17.0 -0.9
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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  • SHAPING GLOBAL BUSINESS
    • Article, Illustration
      Lock icon Cutting costs the green way
      1234 9  -  Greenpac has grown exponentially over the years by helping MNC customers pack their goods more efficiently, reports CAI HAOXIANG reportsCAI CAI HAOXIANG HOME-GROWN environmentally friendly packaging company Greenpac is going places. Next week, it will move to a four-storey, 180,000 sq ft building in Boon
      PHOTO: YEN MENG JIIN  -  1,234 words
    • Article
      Lock icon Seizing opportunities in foreign markets
      503 9  -  Choose the right partners and financial solutions to grow your business beyond Singapore By PAUL YEUNG The writer is director and head of business banking, HSBC Singapore DESPITE the current uncertainty facing businesses here, many local small and medium enterprises (SMEs) are still keen on
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      101 9 In the future, it will take many imports to make an export. From components to consumers, supply chains are increasingly complex and international. But how will your business handle the challenges and opportunities of this fragmented, competitive world? HSBC's Trade teams are on the ground in developed and emerging economies,
      101 words
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      107 10 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices WATS NOTICES CLA/FEB1 1/g FREE ADMISSION 20-21 OCT 2012 9:00am to 8:00pm TOA PAYOH HUB CENTRAL, ATRIUM SATURDAY SUNDAY Event Highlights: Keynote Presentation by Popular Investment Speakers Over 15 Free Investment Talks Panel Discussion
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      211 11 MANY THANKS FOR YOUR SUPPORT together we strive for a BETTER FUTURE ICBC INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED SINGAPORE BRANCH Awarded Qualifying Full Bank (QFB) Licence The management of ICBC Singapore branch would like to express our sincere appreciation to all our customers for your valuable support throughout
      211 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Woodlands EC site draws top bid of $150.2m
      487 12  -  Plans made for 447 units in eight blocks of 12 storeys each, mainly 3, 4-bedroom By ZEINAB YUSUF SAIWALLA DEMAND for executive condominium (EC) sites in Woodlands remains strong, with a top bid of $150.18 million, or $302 per square foot per
      487 words
    • Article
      Lock icon YTL PowerSeraya extends MOU to develop competitively priced fuel
      503 12  -  New feedstock could save genco up to US$20m a year By RONNIE LIM YTL PowerSeraya is pressing on with its quest for a competitively priced fuel to supplement its current gas feedstock. Now Malaysian-owned, the genco has extended its agreement with
      503 words
    • Article
      Lock icon Asiatravel launches B2B platform
      204 12 ONLINE business- and lei-sure-travel specialist Asiatravel.com launched its busi-ness-to-business platform TAcentre.com yesterday. The online wholesale system enables travel agencies to make bookings for flights, hotels and tour and attraction packages in one go. Agents will also be able to check on availability and get instant confirmation
      204 words
    • Article, Illustration
      Lock icon Staying right next door to customers as they expand
      784 12  -  By CAO FEIYA, MA TIANBO WEN YUSHAN The writers are students of NUS Business School THE cellphones and alarm clocks that announce the dawn of a new day, the computers that greet us as we begin each day of work, the
      PHOTO: ARTHUR LEE  -  784 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Trading velocity stays weak even as KLCI hits new high
      554 13  -  Analysts say gains due to pre-election sentiment, global uncertainties By PAULINE NG in Kuala Lumpur THE Malaysian stock market may have touched a new peak of 1,668 points yesterday, reflecting the FBMKLCI’s upward momentum. However, trading velocity remains weak, underscoring
      PHOTO: BLOOMBERG  -  554 words
    • Article
      Lock icon Dr M vouches for accused ex-minister Ling’s honesty
      625 13  -  Says he’s ‘incapable of cheating the govt’ in PKFZ deal By S JAYASANKARAN in Kuala Lumpur IN a stirring defence of his former colleague, Malaysia’s fourth premier Mahathir Mohamad testified in the High Court yesterday that he believed former transport minister Ling
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      88 13 Ovi VISIT KOREA YEAR m fB S ii i-ni |h— r-" J L Experience the pleasure of business on a whole new scale f- Indulge your imagination as you recline into your most comfortable position, from upright to fully flat, in our new business class Prestige Sleeper Seat. Treat your
      88 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon US panel’s move seen leading to retaliation in China
      442 14 Huawei and ZTE products could be used for espionage: Congressional report Reuters [BEIJING] China’s leading telecom equipment makers accused in a US congressional report of being a potential security risk may face fresh scrutiny in other markets, while American firms operating
      Reuters  -  442 words
    • Article
      Lock icon Bourses seek narrow trading range after error
      328 14 Bloomberg [NEW DELHI] Indian exchanges asked the market regulator to narrow the range it allows some stocks to trade after erroneous orders caused a record plunge in the S&P CNX Nifty Index, according to officials familiar with the proposal. Price limits for 216
      Bloomberg  -  328 words
    • Article, Illustration
      Lock icon China auction houses hit Hong Kong trail
      422 14 Sotheby’s plans mainland expansion, forms joint venture AP [HONG KONG] Chinese and international auction houses are encroaching on each other’s territory in Hong Kong and Beijing for the first time as they step up the battle for the Asian art market. China Guardian
      AP; PHOTO: AP  -  422 words
  • Page 14 Advertisements
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      1477 14 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices METAX ENGINEERING CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0111H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Metax Engineering Corporation Limited (the “Company”) will be held at 28 Third Lok
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      1477 14 H /W I Health Management International HEALTH MANAGEMENT INTERNATIONAL LTD (Company Registration No *****5241E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of HEALTH MANAGEMENT INTERNATIONAL LTD (the "Company”) will be held at: Venue i-Connect Room, 168
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Informal talks begin on services trade agreement
      783 15 Push for deal is attempt to steer WTO towards achievable goals Reuters [GENEVA] Countries representing 70 per cent of the global economy have begun informal talks and are set to negotiate lower barriers to trade in services after agreeing to the structure of
      Reuters; PHOTO: AP  -  783 words
    • Article
      Lock icon Japan’s current account surplus up 4.2% in August
      592 15 Surprise rise is due to an increase in earnings on overseas investments Reuters [TOKYO] Japan’s current account surplus unexpectedly rose in August from a year earlier due to an increase in earnings on overseas investments, but sagging exports due to the faltering
      Reuters  -  592 words
    • Article
      Lock icon Australia attracts record tourist traffic in Aug
      228 15 Reuters [SYDNEY] Australia attracted a record number of tourists in August as a flood of visitors from China defied the high local dollar, helping support spending and employment in a country fretting about a cool-down in its mining boom. Government data out yesterday
      Reuters  -  228 words
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      196 15 uwifi The Regional Wing of Singapore Airlines More journeys to treasure at silkair.com GREAT MEMORIES, GREAT FARES. Book your short getaway today. All-in return fare from '3 Visakhapatnam All-in return fare from 178 Bandung, Kuala Lumpur All-in return fare from 208 Kuching, Langkawi, Medan, Pekanbaru All-in return fare from 478
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  • WORLD
    • Article, Illustration
      Lock icon Cameron backs referendum on ties with EU
      515 16 That is the best way to achieving a fresh settlement, he says Reuters [BIRMINGHAM] A referendum on Britain’s ties with the European Union (EU) would be the best way of agreeing on a fresh settlement with the 27-member bloc, Prime Minister David Cameron
      Reuters; PHOTO: AFP  -  515 words
    • Article
      Lock icon EU advances on financial transaction tax
      514 16 Eleven nations join plan but it is divisive as others have strong reservations Reuters [LUXEMBOURG] Eleven eurozone countries agreed yesterday to push ahead with a tax on their financial transactions, an initiative that several other EU nations oppose but which has been pushed hard
      Reuters  -  514 words
    • Article
      Lock icon Taming volatile raw data for US jobs reports
      513 16 NYT [NEW YORK] The US unemployment rate fell to 7.8 per cent in September its lowest level since President Barack Obama took office. With just a month to go before the election, the news seemed too good to be true, at least
      NYT  -  513 words
    • Article, Illustration
      Lock icon Barclays agrees to buy ING’s unprofitable British online bank
      455 17 Deal will bolster Barclays’ funding before onset of tighter regulation Bloomberg [AMSTERDAM] Barclays plc agreed to buy ING Groep NV’s money-losing British online bank, adding 1.5 million clients and improving funding for its consumer operations before the onset of tighter UK
      Bloomberg; PHOTO: REUTERS  -  455 words
    • Article
      Lock icon Up to 13,000 people at risk of meningitis
      394 17 Outbreak highlights gap in regulation of drug compounders Reuters [NASHVILLE, Tennessee] More cases of fungal meningitis tied to contaminated steroid shots were expected to be confirmed yesterday, US health officials said, and some patients who received the injections may have to wait
      Reuters  -  394 words
    • Article, Illustration
      Lock icon French civil servants’ lavish benefits strain state coffers
      865 18 Economic crisis puts onus on Hollande to reduce wastage, hurting his ratings Reuters [PARIS] Stalled growth in France, Europe’s No 2 economy, has exposed the strain on public finances from the benefits lavished on civil servants, and a growing chorus of opinion
      Reuters; PHOTO: REUTERS  -  865 words
    • Article, Illustration
      Lock icon Anschutz seeks higher bids in US$10b range
      725 18 Firm with over 100 entertainment assets selling as a group Reuters [NEW YORK] Billionaire Phil Anschutz has kicked off the auction of his Anschutz Entertainment Group, with an expectation that the sports and entertainment giant should draw bids in the US$10 billion range,
      Reuters; PHOTO: BLOOMBERG  -  725 words
    • Article
      Lock icon More than 30,000 jobs lost this year in Europe’s banks
      443 20 Analysts expect more job losses as financial firms focus more on costs WP [LONDON] Financial job losses in western Europe surpassed 30,000 this year as firms cut positions amid the sovereign debt crisis. While the 33,437 reductions are less than
      WP  -  443 words
    • Article
      Lock icon Ireland plans law to bail out homeowners
      685 20 Banks being asked to waive portion of mortgage debt NYT [DUBLIN] With its economy still reeling from the housing crash, Ireland is making a bold move to help tens of thousands of struggling homeowners. The Irish government expects to pass a law this
      NYT  -  685 words
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      Lock icon Study: Eat tomatoes to reduce risk of stroke
      311 20 AFP [WASHINGTON] Eating tomatoes can dramatically reduce the risk of having a stroke, according to a new study released on Monday that provided more support for diets rich in fruits and vegetables. The key factor appears to be the powerful antioxidant lycopene,
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    • Article
      Lock icon MegaFon to go ahead with its share-sale plan
      441 20 Bloomberg [MOSCOW] OAO MegaFon, Russia’s second-largest wireless carrier by customers, will push ahead with a share-sale plan that could become the largest initial public offering (IPO) by a Russian company since VTB Bank’s in 2007. Sweden’s TeliaSonera AB will sell a stake,
      Bloomberg  -  441 words
    • Article, Illustration
      Lock icon Britain suffers plight of jobs without growth
      723 21 Despite economic gloom, a close to record number of Britons are working Reuters [LONDON] A near-record number of Britons are in work despite a shrinking economy, but new employment has come at the expense of pay and job security, capping any boost to
      Reuters; PHOTO: REUTERS  -  723 words
    • Article
      Lock icon UN says it was wrong about world’s hungry
      663 21 They number 870m, not 1 b as announced in 2009 AP [ROME] The United Nations now says its 2009 head-line-grabbing announcement that one billion people in the world were hungry was off-target and that the number is actually more like 870 million.
      AP  -  663 words
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      2543 16 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CREATIVE TECHNOLOGY LTD (Incorporated in the Republic of Singapore) Company Registration No. *****3359D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Creative Technology Ltd (the “Company”) will be held at 31 International Business Park,
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      560 17 The winners of the “Trade around the world in 80 days” Lucky Draw i Prize Winner of Round-the-world Travel for 2 persons on Business Class worth S$37,000 Zxxx410 Prize Winner of Business Class Travel for 2 persons worth S$13,000 1xxx628C Prize Winner of Business Class Travel for 2 persons worth
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      2395 18 JSI Since 1971 CHINA MINZHONG FOOD CORPORATION LIMITED (Incorporated in Singapore) (Registration No. *****2715N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Grand Copthorne Waterfront Hotel Singapore (Level 4, Kingfisher Room), 392 Havelock Road, Singapore *****3 on
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      30 18 JACKPOT Estimated Draw on Thu, 11 Oct 2012 at 6.30pm For details, visit www.singaporepools.com.sg SINGAPORE IpLAvi Always play with care. [responsibiyf Do not bet illegally. RGB Reg No: *****0202G m
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      329 19 •V V i I li 2® K f I saaa i II 10/11 I 0 /1 A ANDREA TANG xs ORCHARD RQ4D /IGRE4T STREET COSY UP TO HE BEST OF FALL. EFINING LUXURY, INSIDE'XnD OUtt The lure of glamour and luxury has never come as close as it does this
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      168 20 iSPACE Business 2 Ramp up NEW LAUNCH From$33-| psf “S n9* i r •> ST, 0> 5a psat >* nnr B« ct Jl Visit our sales office® Soon Lee Road/Soon Lee Street <>“"9338 9828 AiiKNG H— Developer: KNG Group Pte Ltd Tenure; 30 years leasehold wef from 5 March 2012
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      136 21 Well-diversified and global terminal network Royal Vopak is valued for its stable performance backed by a well-diversified and strategic global terminal network in terms of geographies, contracts duration, and product-market segments. With a history spanning almost 400 years, and stock-listed in Amsterdam, Vopak is the global market leader in independent
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      1356 22 SINGAPURA FINANCE LTD (incorporatedin the Republic of Singapore) Co. Registration No *****0340N 150 Cecil Street #01-00 Singapore *****3 Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT THE FORTY-THIRD ANNUAL GENERAL MEETING of Singapura Finance Ltd will be held at 391A Orchard Road, Tower A, #26-00, Ngee Ann City,
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      1908 22 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices TAI SIN ELECTRIC LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0057W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tai Sin Electric Limited will be held at Albizia Room, Level 2, Jurong Country Club,
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      815 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ENPOCKET SINGAPORE PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****0608H) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Enpocket Singapore Private Limited duly convened and held on the 1 st day of October
      815 words
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      2717 23 >«* WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GDiCentre Mac More EPICENTRE HOLDINGS LIMITED (Company Registration No. *****2930G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Epicentre Holdings Limited (the “Company") will be held at Sapphire
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      2774 23 S i2i Limited (COMPANY REGISTRATION NO. *****4568R) (INCORPORATED IN THE REPUBLIC OF SINGAPORE) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of S i2i Limited (the “Company”) will be held at 10 Eunos Road 8, Singapore Post Centre, Singapore *****0 on Thursday, 25 October
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  • EDITORIAL & OPINION
    • Article
      Lock icon Wake-up call for policymakers from IMF
      522 24 EDITORIAL THE annual meetings of the International Monetary Fund (IMF) and the World Bank being held in Tokyo this week have got off to a sombre start. The global economy had a bad enough report card to begin with. On Monday, the IMF marked
      522 words
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      Lock icon Leung is torn between two masters – HK and Beijing
      794 24  - Leung is torn between two masters HK and Beijing THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 HONG Kong Chief Executive Leung Chun-ying, who marked his first 100 days in office on Monday finds himself caught in the middle
      794 words
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      Lock icon Resentment grows over IMF aid to Europeans
      1175 24  -  Members feel eurozone countries aren’t willing to swallow the necessary tough medicine By JACK EWING IHT in Frankfurt IT IS one of the ironies of the eurozone crisis: the Europeans who have long dominated the International Monetary Fund (IMF) are now the ones
      IHT; PHOTO:REUTERS  -  1,175 words
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      Lock icon Making risk everyone’s business
      1027 25  -  This requires shift in mindset, policies, procedures, systems By LIEW NAM SOON Liew Nam Soon is Asia-Pacific and Singapore Financial Services Advisory Leader at Ernst Young, Singapore. THE global financial crisis of 2008 has taught the financial services industry several lessons: the importance of managing liquidity;
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      Lock icon Romney unwise to believe in wisdom of markets
      1074 25  -  By MARK BUCHANAN The writer is a Bloomberg View columnist. He is also a theoretical physicist and the author of “The Social Atom: Why the Rich Get Richer, Cheaters Get Caught and Your Neighbor Usually Looks Like You” Bloomberg JUDGING from the
      Bloomberg; PHOTO: REUTERS  -  1,074 words
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  • TransportHUB
    • Article, Illustration
      Lock icon Keeping abreast of changes in shipping
      480 26  -  Overseer of the Panama Ship Registry faces a balancing act By LYNN KAN THOUGH the Panama Ship Registry is the world’s largest open ship registry, the many regulatory changes in the current shipping market are keeping it on its toes. Alfonso Castillero, general director
      480 words
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      Lock icon Daiichi Chuo may cancel ship orders, pare fleet
      530 26 Bloomberg [TOKYO] Daiichi Chuo Kisen Kaisha said it may cancel ship orders, pare its fleet and sell new stock after getting emergency financing from shareholder Mitsui OSK Lines Ltd to help weather a slump in dry-bulk rates. “We’re considering a drastic reform
      Bloomberg  -  530 words
    • Article
      Lock icon TRANSPORT STOCKS
      248 26 SGX '000 Oct 9 S$ +/-Vol CH Offshore 0.53 0.01 6585 Chuan Hup Hldg 0.26 -0.01 362 Cosco Corp 0.94 unch 3967 s$ First Ship Lea 0.12 unch 372 Freight Links 0.07 unch 2688 Grand Banks 0.40 0.02 441 Jaya Hold Ltd 0.57 unch 529 K1Ventures 0.13 unch
      248 words
    • Article
      Lock icon Tanker safety takes the spotlight here next week
      778 26  -  STRAIT TALK By DAVID HUGHES NEXT week will be an extra busy one for many working in Singapore’s shipping sector. The biennial Sibcon event will be in the diaries of almost all shipping-related firms here. The 17th Singapore International Bunkering Conference and
      778 words
    • Article
      Lock icon Oil-tanker rates reach 2-month low amid dearth of charters
      373 26 Public holiday curbs bookings of ships bound for China Bloomberg [LONDON] Charter rates for the biggest oil tankers reached a two-month low after a week-long public holiday curbed bookings of ships bound for China, the world’s second-biggest crude consumer. Hire costs
      Bloomberg  -  373 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Embraer unveils new aircraft support centre
        329 27 Reuters [SAO JOSE DOS CAMPOS, Brazil] Brazil’s Embraer, the world’s largest maker of regional jets, unveiled a new aircraft support centre on Monday, betting that services can bolster customer loyalty in a market with aggressive new entrants. By streamlining services through a 24-hour support
        Reuters  -  329 words
      • Article
        Lock icon Qatar Air to join Oneworld alliance
        494 27 The deal is the latest in a flurry of airline partnerships in recent months NYT [NEW YORK] American Airlines and British Airways (BA) said on Monday that Qatar Airways would join their Oneworld alliance, a deal giving them access to one of the world’s
        NYT  -  494 words
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        Lock icon Seaplanes could make a splash in Indonesia transport
        540 27 Reuters [MOYO ISLAND, Indonesia] The seaplane taxiing over a coral reef to deliver tourists to a remote luxury resort may soon become a more familiar sight in Indonesia, an archipelago of 17,000 islands and only 183 airports. At the moment, seaplanes in
        Reuters; PHOTO: REUTERS  -  540 words
      • Article
        Lock icon Korea Finance bids for first plane deal, starts shipyard funding
        301 27 Bloomberg [SEOUL] Korea Finance Corp has bid for its first plane-fi-nancing deal and started offering loans to shipbuilders as local companies look for new funding sources amid reduced lending by European banks. The state-owned lender began offering working-capi-tal loans to
        Bloomberg  -  301 words
      • Article
        Lock icon Qantas has no alternative to Emirates deal: CEO
        249 27 Reuters [CANBERRA] Qantas Airways Ltd’s chief executive said he was confident Australian regulators would approve a proposed alliance with Dubai’s Emirates and warned that a rejection would leave it no alternatives for operating flights to Europe. Australia’s biggest airline announced a 10-year
        Reuters  -  249 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon GM to bring technology development in-house
        546 28 Automaker will hire 10,000 computer professionals in the next 3-5 years AP [DETROIT] Now hiring in Detroit: software developers and programmers. General Motors (GM) is moving past layoffs and the Motor City’s rusty, low-tech image. It’s setting out on its own to develop software
        AP  -  546 words
      • Article
        Lock icon Hyundai, Kia to benefit from China-Japan spat
        600 28 LAT-WP [SEOUL] Hyundai Motor and affiliate Kia Motors forecast that sales in China will exceed their targets as South Korea’s two largest carmakers benefit from a wave of anti-Japan protests in the world’s largest vehicle market. The two carmakers will probably sell more
        LAT-WP  -  600 words
      • Article, Illustration
        Lock icon Japanese car sales in China skid 35-49% amid island spat
        527 28 Setback a boon for rival German, Korean carmakers Reuters [BEIJING] Japanese car makers reported tumbling sales in China for September, confirming the impact of a territorial row between the two countries and raising concerns that their market share in the
        Reuters; PHOTO: AP  -  527 words
  • Page 26 Advertisements
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      769 27 Air Con Services Desvgners T \nter\oy QecoraW IK st :ectory.sg Search from 16 categories with results showing maps, addresses and more. WATS NOTICES 43 1%31 t Ffc 5] CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****278D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS
      769 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      368 27 CRYPTIC CROSSWORD Across 1 One looking for clues left in houses? (6) 5 Funny play deficient, now sadly a disappointment (8) 9 Actor’s headline portrayal of Saul’s conversion (4,6) 10 Something on meal table in lounge (4) 11 Mum carrying antique through part of Europe (8) 12 State unfortunately having
      368 words
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      1640 28 KI A NAN NEN G I N E E R I N GLT D T he Tr u sted N a m e I n H eav y M achinery A n d Diesel E n gi ne Par ts (Company Registration No: *****1102H) (Incorporated in the Republic of Singapore)
      1,640 words
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  • Article
    Lock icon The Business Times Shipping Times
    3506 29 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
    3,506 words
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      116 30 TO ADVERTISE IN .THE Business Times MIL IMVILJ Shipping times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery
      116 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3044 31 Transaction date: Oct 9 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 148.5 92.5 AIMSAMPIReit 144 -1 181
      3,044 words
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      Lock icon SGX CATALIST
      171 32 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 Sale Vol ('000) Day High Last Quote Low Buyer Seller Div Gr Yld C'vr Net M Cap P/E Smil 20.5 12.1
      171 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8031 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local "<fcy SD Bond 0.9817/ EM Local Ccy
      8,031 words
    • Article
      Lock icon GLOBALQUOTE
      193 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 26 Genting HK US$ US31.5 -0.5 1960 32 31.5 31.5 32 2074.1 Sale 228 169 TanChongInt HK210 -2 63 210 210 210 218 4.3 3.3
      193 words
    • Article
      Lock icon SGX ETF
      977 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124.9 114.4 ABF SG Bond ETF 120cd +1 20 120 120 120 122 547.8 128.5 120.4 CIMB APAC Div 100S$D 128.5 126.4 127.3 103.8 95.8 CIMB
      977 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      656 33 Oct 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8822.39 8840.69 8765.55 Dec12 8825.00 8850.00 8755.00 8765.00 ***** *****9 Mar13 8765.00 8765.00 8755.00 8750.00 3 1163 MSCI TAIWAN INDEX FUTURES SPOT 270.41 271.81 270.13 Oct12 271.60 272.30 270.40 270.60 ***** *****9 Nov12 271.70
      656 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 33 In local curr In S$ In US$ dy yr dy yr dy yr Oct 8 Index Change Change Change Change Change Change World Preliminary 925.1 -0.5 11.5 -0.4 6.3 -0.7 12.1 EAFE Preliminary 732.9 -0.6 7.4 -0.8 2.7 -1.0 8.2 Europe Preliminary 1114.1 -0.9 8.5
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      93 33 As on 8 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2012 1774.20 1768.70 1775.80 81 INDIA GOLD (E-GOLD) FUT DEC2012 593.45 590.50 594.30 335 CURRENCY EUR-USD FUT DEC2012 1.3016 1.2946 1.2981 1108 BASE METAL COPPER FUT DEC2012 8244 8197
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    • Article
      Lock icon CHICAGO BOT
      107 33 Oct 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1551.00 1551.50 1561.00 1537.50 Jan 13 1548.00 1551.00 1559.00 1535.25 Mar 13 1502.00 1513.00 1518.75 1497.00 May 13 1449.50 1460.50 1468.25 1443.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 50.48
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 33 CRUDE OIL PRODUCTS Oct 08 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.3 0.51 WTI (Near Mth) 89.7 -0.14 Dubai (1-Mth F) 107.49 -0.65 Tapis blend 116.25 -0.54 Minas 111.4 -0.54 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.17 -0.61 Jet Kerosene 129.97 -1.33 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 33 Oct 9 S$ Bid Offer 1-month 1.2294 1.2297 2-months 1.2294 1.2297 3-months 1.2294 1.2297 6-months 1.2290 1.2294 Source: OCBC Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 33 Oct 8 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2052.75 2085.00 3 months 2082.50 2110.00 Copper, Grade A(US$/tonne) Cash 8181.25 8295.00 3 months 8185.00 8295.00 Lead(US$/tonne) Cash 2249.25 2279.75 3 months 2260.00 2288.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon LIFFE
      80 33 Oct 8 COCOA (£/tonne) Close Prev High/Low Dec 12 1538 1525 1542/1515 Mar 13 1545 1532 1549/1525 May 13 1554 1541 1558/1536 Jul 13 1561 1549 1566/1543 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2064 2095 2104/2060 Jan 13 2080 2113 2120/2076 Mar 13 2093 2126 2134/2090 May 13 2106
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      930 33 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 0.6 -0.4 3 1 32 2 53.33 1 Price Best World Intl Ltd W*****5 0.3 1
      930 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 33 Oct 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.996 6.416 0.790 7.913 53.712 98.018 0.799 11.343 3.136 1.244 97.502 42.325 1.255 9.052 0.957 29.923 31.296 0.637 1.021 Canada 1.004 6.441
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    • Article
      Lock icon SIBOR
      58 33 Oct 9 (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$) 3 mths 0.***** 0.***** 6 mths 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      135 33 Oct 9 GOLD(US$/oz) Oct 08 Oct 09 Hong Kong 1776.40 1780.00 Oct 05 Oct 08 London 1785.10 1776.00 1785.85 1777.00 Source: Thomson Reuters CAST BAR Oct 09 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 157 70 5gm 446 350 10gm 797 700
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 33 Oct 9 Oct 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 10-Jan-13 0.28 6-Month BS*****W 04-Apr-13 0.29 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.11 5-Year N*****0Z 2.375
      90 words
    • Article
      Lock icon PALM OIL
      60 33 Oct 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2250.0 2228.0 2270.0 2250.0 55 2152 Nov 12 2364.0 2314.0 2388.0 2359.0 1275 ***** Dec 12 2395.0 2368.0 2455.0 2392.0 ***** ***** Jan 13 2461.0 2430.0
      60 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 33 Oct 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2547 1.2554 1.0206 1.0209 Canadian dollar 1.2592 1.2605 1.0250 1.0243 Euro 1.5892 1.5899 1.2927 1.2929 NZ dollar 1.0085 1.0090 0.8203 0.8205 Sterling pound 1.9691 1.9697 1.6017 1.6018
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 33 As at 9am Oct 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.286 1.225 Can dollar 1.288 1.227 Euro 1.632 1.555 Sterling pound 2.007 1.93 NZ dollar 1.038 0.989 US dollar 1.245 1.198 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 33 Oct 9 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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
      154 words
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  • executive Money
    • Article, Illustration
      Lock icon Multi-asset strategies gain appeal
      925 34  -  In an uncertain environment, this approach aims to diversify effectively and exploit pricing differences between asset classes, says TOBY NANGLE TOBY NANGLE Toby Nangle is head of multi-asset, Threadneedle Investments THE notion of holding a range of assets for capital preservation is not a new one
      PHOTO: AFP  -  925 words
    • Article, Illustration
      Lock icon North-South valuation gap widens
      1448 35  -  But this will narrow over the long term as global growth normalises, says BENJAMIN YEO Benjamin Yeo is head of investment strategy for Asia, Barclays THE performance of Asian equity markets has been fairly respectable this year, in view of the many headwinds investors have experienced
      PHOTO: AP  -  1,448 words
    • Article, Illustration
      Lock icon Danish investors shunning domestic bonds
      933 36 They are turning to assets that offer higher returns such as infrastructure Bloomberg [COPENHAGEN] Denmark’s institutional investors are losing interest in local assets deemed safe from Europe’s debt crisis and instead tapping high-er-yielding markets such as infrastructure in an effort to improve returns. Denmark’s fourth
      Bloomberg; PHOTO: BLOOMBERG  -  933 words
    • Article, Illustration
      Lock icon No rush by US investors to buy Chinese equities
      650 37 Poor earnings and economic outlook the reason for trend, says Citigroup Bloomberg [SINGAPORE] US investors are “in no hurry” to buy China’s stocks on concern that earnings will slump further as the economy slows and policy makers refrain from adding stimulus
      Bloomberg; PHOTO: AP  -  650 words
    • Article
      Lock icon Munich Re unit targets Reits, property lending
      475 37 Bloomberg [MUNICH] Munich Re’s asset-management unit plans to invest more in real estate lending and Reits as returns from direct property investments come under pressure and banks cut their loan portfolios. The company is turning to real estate investment trusts and is exploring
      Bloomberg  -  475 words
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  • SBF: Ten Years On
    • Article, Illustration
      Lock icon Celebrating shared achievements
      488 1  -  Tony Chew Chairman, Singapore Business Federation I HAVE been closely involved with the Singa pore Business Federation (SBF) for the past 10 years since I was first invited to join the 12-member pro-tem committee in 2001. This was set up to help conceive the SBF. It was
      488 words
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      444 1 2002 Officially launched by then Prime Minister Goh Chok Tong on April 11, 2002. Organised more than 50 events and activities for some 10,000 participants. 2003 Focused on promoting business and investment opportunities both in Singapore and abroad Doubled its offerings of activities, including high-level mkinisterial dialogues with
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      1050 2 Tony Tan Keng Yam President, Republic of Singapore THE Singapore Business Federation (SBF) has done well in the past 10 years. SBF has become an integral part of Singapore’s unique tripartite partnership between the businesses, government and unions, especially in the areas of improving productivity and deepening the
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      Lock icon Advancing the interests of businesses
      952 4 A look at SBF’s origins, its slew of activities over the last 10 years, and how it has evolved into Singapore’s apex business chamber THE SBF STORY IN 1998, then prime minister Goh Chok Tong urged the Singapore Federation of Chambers of Commerce and Industry
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      346 4 SBF’s national representation is as follows: NNational Business Continuity Management Focal Point for Businesses NMember, Economic Strategies Committee NMember, National Wages Council NMember, Community Engagement Programme NMember, National Productivity and Continuing Education Council NMember, Pro-Enterprise Panel By way of its representation in various national committees, SBF serves
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      2108 6 SBF represents its members’ interests locally and internationally THE VOICE SINCE its formation in 2002, the Singapore Business Federation (SBF) has proactively represented the voice of the business community to government, as well as internationally. Nationally, SBF acts as the bridge between businesses and
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      200 6 THE pre- and post-Singapore Budget briefing and dialogue sessions are key events in the Singapore Business Federation’s (SBF) annual calendar, attracting some 2,000 participants each year. SBF works with government agencies and knowledge partners to explain the fine details of the Budget measures. One such partner is
      200 words
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      1851 16 The SBF assists its members enhance their capabilities with innovation, productivity, human capital best practices, mentorship, Business Continuity Management and green growth initiatives CAPACITY BUILDING THE Singapore Business Federation (SBF) has been proactive in helping its members and the wider business community build capability
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      2562 18 SBF leads over 20 outbound missions and receives 60 incoming delegations from around the world every year BUSINESS FACILITATION THE Singapore Business Federation’s (SBF) Global Business Division enhances trade and economic linkages between local companies and overseas partners and helps members with their internationalisation efforts. Its work
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      469 19 NAME APPOINTMENT DESIGNATION COMPANY ORGANISATION Fang Ai Lian Chairman Chairman Great Eastern Holdings Group Theresa Foo-Yo Mie Yoen Member Chairman The Esplanade Co Ltd Lucien Wong Member Partner and Managing Partner Allen Gledhill LLP, Advocates Solicitors, Singapore SBF Board of Trustees NAME APPOINTMENT DESIGNATION COMPANY ORGANISATION Tony
      469 words
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      38 1 CONTENTS Congratulatory messages PAGES 2-3 Advancing the interests of businesses PAGE 4 A collaborative federation PAGE 4 Speaking up for the business community PAGE 6 Helping firms grow and be competitive PAGE 16 Tapping opportunities abroad PAGES 18-19
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      191 5 :5> n i Sl CELEBRATING 10 YEARS OF MAKING A DIFFERENCE v Sharing the SBFs Vision for a Dynamic Business Community Live, work and play, where Inspiration stays. N r N X rv N i\ S I**. N Si s s rV N x X i 4 in itV A
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      227 7 A DECADE OF EXCELLENCE Saluting the Singapore Business Federation on its 10th Anniversary m An BG AFRICA BUSINESS GROUP SINGAPORE 3 n. i i 9 V Fr r f r i j I I I t V-JJ fl r? r AFRICA BUSINESS GROUP i i J V V t The
      227 words
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      490 8 a. lH (’’{'•iMl'Ul .i*>l (I*** 1 gk, ■N WT■Hi Hi M in I I I ft ft Congratulations to SBF on 10 years of championing a pro-business environment, as well as promoting the ‘greening’ of businesses for a sustainable Singapore. K X N > tA r As one of the
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      658 9 'W rW '*r S Tl HAPPY 10TH ANNIVERSARY from Valued Partners and Friends of the Singapore Business Federation RE-ENGINEER YOUR BUSINESS. ENABLE THE PRODUCTIVITY EVO LUTI0 N. Change is the only constant in business. And evolution is the best reaction to change. As technologies change, it is clear that business
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      91 10 A, uu s I "we are one with the SINGAPORE BUSINESS FEDERATION In Making A Difference for the Business Community AmCham SINGAPORE ASME For Entrepreneurs By Entrepreneurs THG ASSOCIATION OF BANKS IN SINGAPORE A i -ri-PUS G K Austunam Your Australian Business Connection EuroCham Singapore i #JfTSf Singapore Chinese Chamber
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      1188 11 A DECADE OF EXCELLENCE Saluting the Singapore Business Federation on its 10th Anniversary >2 Iti V m “It is our great pleasure to extend our warm greetings and best wishes on the occasion of the 10th anniversary of Singapore Business Federation (SBF) that played a remarkable role in developing the
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      566 12 A JSI 5 5 CELEBRATING AN EXCELLENT DECADE ENVISIONING A NEW AND STRONGER ONE Honouring the Singapore Business Federation for A Decade of Achievements CONGRATULATORY MESSAGE TO THE SINGAPORE BUSINESS FEDERATION MR STEPHEN LEE PRESIDENT OF THE SINGAPORE NATIONAL EMPLOYERS FEDERATION We have seen dramatic changes in the economic landscape
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      335 13 CONGRATULATIONS TO THE SINGAPORE BUSINESS FEDERATION For 10 Successful Years of Fostering A Strong Business Community y. SANTA GRAND HOTELS Relax in our 8 character hotels conveniently located in the heart of Singapore A unique juxtaposition of heritage and modern functionality Come explore, unwind, and delight yourself in our tasteful
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      468 14 V > I \ki M >- vW CONGRATULATIONS TO THE Singapore Business Federation For Championing 10 Years of Business Excellence N0 0 V vAL NOOR GROUP OF COMPANIES Q-Ceartiest Congratulations on your 10th Anniversary and wishing you many more years of success. Nature of Business: Trade Finance for SME's. Investments
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      667 15 A Toast to A dynamic Decade Celebrating One Aspiration, One Federation, One Jubilation with the Singapore Business Federation Heartiest Congratulations to the SINGAPORE BUSINESS FEDERATION ON its 10 th ANNIVERSARY V V//JI m With Compliments YCH GROUP Asia’s Leading End-to-End SCM Company Supply Chain Solutions Global Forwarding Freight SCM Technologies
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      89 17 r a A SALUTE TO THE SINGAPORE BUSINESS FEDERATION'S 10 Outstanding Years Sharing the SBF’s Vision for a Dynamic Business Community Alliance 21 Pte Ltd where every member is a SPECIALIST LOGISTICS ALPIN DP INFORMATION ■I GROUP Port of the Expert on Group i c VC Breaking New Ground REDAS
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      436 20 n is 5*1 i ft ft BUSINESS I m i t IWPEDE^-ION To. p 'l *r h,ml ”r J¥W W V 1 > in i# I t, r\ CHINA BUSINESS GROUP I 9 i o Q o o rs v ii China Business Group ■sr <a SINGAPORE BUSINESS FEDERATION Apex
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