The Business Times, 15 October 2012

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Total Pages: 34
1 36 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, October 15, 2012
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  • 945 1  -  Buzz about inflation-linked bonds returns, with some caveats By SIOW LI SEN [SINGAPORE] The latest clampdown on property investments has revived the call for inflation-linked bonds so that retirees will have an alternative to prop up their savings. The government recently unleashed yet
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  • MARKETS DIGEST
    • 56 1 Weekly Change ST INDEX 3,041.75 -66.12 KL COMP 1,653.36 -6.87 NIKKEI 225 8,534.12 -329.18 HANG SENG 21,136.43 +124.05 SET INDEX 1,296.98 -14.37 JAKARTA COMP 4,311.39 +0.08 MANILA COMP 5,369.72 -70.12 SEOUL COMP 1,933.26 -62.0 SHENZHEN B 583.39 MUMBAI IND 18,675.18 -263.28 DOW 13,328.85 -281.30 NASDAQ 3,044.11 -92.08 S&P 500
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    • 17 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.192 TAIWAN 5.036 JAPAN 1.250 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.221 (US$/S$ per 1.607 1.962 EURO (US$/S$/E) 1.298 1.585 Foreign currency per US$ S$ YEN 78.50 64.20 RM 3.058 2.504 HK$ 7.752 6.347 BAHT 30.64 25.09 RUPIAH 9,578 7,841 RENMINBI 6.265 5.129 INDIAN RUPEE 52.61 43.07 A$ 0.972 0.796 NZ$ 1.219 0.998
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  • 810 1  -  Dollar seen rising on Romney win but struggling economy could kill euphoria By NEIL BEHRMANN in London THE US dollar might rise. The markets may celebrate. But whether the euphoria will last is another question altogether. Following President Obama’s
    PHOTO: REUTERS  -  810 words
  • Page 1 Advertisements
    • 108 1 YOUNG INVESTORS’ FORUM Profiling the star performers page 13 VIEWS FROM THE TOP The population conundrum pages 14-15 INTERVIEW Ron Sim speaks about corporate governance PAGE 6 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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    • 10 1 DINING OUT Damian D’Silva turns up the heat PAGE 25
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  • TOP STORIES
    • 358 2 Call for a bond to protect savings THE latest clampdown on property investments in Singapore has revived the call for inflation-linked bonds so that retirees will have an alternative to prop up their savings. Inflation-linked bonds are increasingly being seen as a way out but there are a
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    • 495 2  -  Analysts are cautious as outlook of Europe, US remains uncertain By VIRGINIE MANGIN in Beijing BOTH Chinese exports and imports recovered in September, but analysts are not convinced that the data will hold up in the months to come. Exports
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    • 580 2  -  Central bank faces tough balancing act over asset bubbles By ANTHONY ROWLEY in Tokyo INFLATION is a real threat in China and monetary authorities will have to walk a very fine line to ensure that any economic stimulus applied to prevent a hard landing does
      PHOTO: AFP  -  580 words
    • 833 4  -  Euro crisis, grim earnings reports, warfare in Mid East to keep bulls at bay WALL STREET INSIGHT By ROB CURRAN STOCKS faltered last week as the International Monetary Fund and multinational corporations warned that times would be tough for the foreseeable future.
      PHOTO: AFP  -  833 words
    • 239 4 AFP [BERLIN] Germany and Singapore have agreed to improve cooperation to clamp down on tax evasion, the German finance ministry said in a statement yesterday. Both countries have agreed to incorporate the latest Organisation for Economic Cooperation and Development (OECD) standards on exchanging information
      AFP  -  239 words
    • 484 4  -  By RONNIE LIM [SINGAPORE] The start-up of new or “repowered” power plants here displacing the less efficient ones will “exert downward pressure” on wholesale electricity prices from the second half of next year, the Energy Market Authority said. Another contributing factor
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    • 601 4  -  But central banks must step up int’l dialogue, cooperation By ANTHONY ROWLEY in Tokyo THE globalised financial system is here to stay despite repeated crises that have wracked it in recent times, International Monetary Fund managing director Christine Lagarde declared here yesterday. But
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  • Page 2 Advertisements
    • 60 2 Net Profit US$1.7 billion up by 15.0% on September 2011. 710 488 141 P C/J 859 825 509 Sep Sep Sep Sep Sep Sep 2008 2009 2010 2007 2011 2012 Total Assets US$96.4 billion up by 25.3% on September 2011. 96.4 76.9 53.5 42.1 40.0 26.2 Sep Sep Sep Sep
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 97 4 Lee Kuan Yew 1 I School of Public Policy Distinguished DIALOGUES Speaker Jean-Marc Ayrault Prime Minister, France Topic France, Europe, and Asia: New Perspectives and Opportunities Chair Prof. Kishore Mahbubani, Dean, Lee Kuan Yew School of Public Policy When Thursday, 18 October 2012, 3:45pm-5:00pm Venue Auditorium, Level 3, Block B,
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  • Page 5 Advertisements
    • 134 5 BV LGA R I .•v \vi r- r'3Err'. "TtBir ,'V j m fS. j .-> \r s 'V, Mi /-f H. in > m mp s fsal M >■■■i :>r m :^6 v .V I ■•.-•;■-v •a r/ V V. m r LG B V A R r® v» I
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  • Page 6 Advertisements
    • 132 6 Join more than 60,000 users to find your ideal job on the go. DOWNLOAD NOW. *Source: iTunes Connect, Oct 2012 Login Register Search Keyword: Marketing Manager Job Function: (All selected) All Job Functions Find My Job: Vr. Jf™? I Managerial I Hot Jobs Part-Time fa 9 X o Browse Job
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  • COMPANY NEWS
    • 256 6 Oct 12 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 ...5.50 ...6.00 ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 ...5.50 Chang Hwa Commercial Bank 5.50 China Construction Bank
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    • 231 6 COMPANY MEETING PLACE DATE TIME China Bearing E The Presidential Room Level 15 Hotel Royal 36 Newton Road 15-Oct 10.00am Devotion Energy E Conference Room Level 2 Spore Chinese Chamber of Commerce Industry Building 47 Hill Street 15-Oct 11.00am Hi-P E Albizia Room Level 2 Jurong Country Club
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    • 914 6  -  OSIM head highlights common misconceptions on corporate governance among investors By WONG WEI KONG CORPORATE governance frameworks, while invaluable in guiding corporate behaviour, cannot be substitutes for good management, said OSIM International founder, chairman and chief executive Ron Sim. Speaking to BT recently about
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    • 1579 11  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying picked up after falling for two straight weeks with 9 companies that recorded 17 purchases worth $14.4 million based on filings on the Exchange in the second week of October. he
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  • Page 7 Advertisements
    • 326 7 CONGRATULATIONS TO THE A I i T OF WORK-LIFE EX( L 9 UK m. X ;a You truly deserve the highest recognition for your efforts in enhancing work-life harmony. Employers who excel in worklife strategies are in turn rewarded with motivation, dedication and loyalty from appreciative employees. That's what the
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  • Page 8 / 9 Advertisements
    • 975 8 / 9 SINGAPORE PRESS HOLDINGS LIMITED Incorporated in Singapore. Co. Reg. No. *****2868E SPH Reports Full Year Net Profit of $365.5 Million Group operating revenue of $1,272.9 million for FY 2012 was $21.9 million (1.8%) higher compared to FY 2011. Revenue for the Group’s Newspaper and Magazine business of $1,002.8 million was
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  • SINGAPORE MARKETS
    • 632 10  -  STOCKS R SIVANITHY Senior Correspondent OVER the past month, the Straits Times Index’s movements have been for each of the four weeks: up eight points, down 18, up 47, down 66. Throughout this period, the Jardine group has played a central part in the
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    • 561 10 CURRENCIES Bloomberg [NEW YORK] The euro last week declined against most of its major counterparts as concern that the global economy is slowing overshadowed policymakers’ efforts to contain Europe’s three-year-old debt crisis. The shared currency touched its lowest versus the US
      Bloomberg  -  561 words
    • 593 10 COMMODITIES AFP [LONDON] Commodity markets mostly fell last week as investor sentiment was rocked by gloomy downgrades to global economic growth forecasts, but oil prices spiked on geopolitical worries surrounding Syria. The International Monetary Fund (IMF) slashed its growth forecasts for countries
      AFP  -  593 words
    • 1496 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 10.45 13.78 1.52 1.44 Amtek Engineering Ltd 2.67 2.67 6 0.07 6.93 0.71 0.61 ARA Asset Management Limited 1.43
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    • 4 10 WEEKLY
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    • 66 10 Oct 12 VALUE CLOSE BT OB/OS -304.00 +45.00 BT CADI -*****.00 +47.00 BT 10-day MA -*****.00 -30.00 FTSE ST Mid Cap 743.39 +2.72 FTSE ST Small Cap 492.70 +1.11 FTSE ST All Share 744.96 +2.29 FTSE ST China Top 200.33 +0.26 FTSE ST China 218.09 +0.64 FTSE
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    • 57 10 VOLUME Transcu Grp 1,321,027,000 Thai Beverage 294,583,000 Golden Agri 277,697,000 Ntegrator 262,848,000 Nam Cheong 183,951,000 Contel 178,554,000 Noble Grp 171,023,000 SingTel 149,546,000 Sunmoon 138,302,000 GSH Corp 133,800,000 VALUE($) SingTel 474,381,958 DBS Grp 294,291,474 Wilmar 232,485,707 Noble Grp 222,025,050 F&N 209,009,225 UOB 184,539,825 Golden Agri 177,362,684 Keppel Corp
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    • 116 10 BY CENTS CLOSE UP YHS 421 193.0 84.6 DBXT S&P500 10US$ 2329 70.8 2.6 DBXT S&P Short 10US$ 3513 67.2 1.6 DBXT SPASX200 10US$ 3569 58.6 1.4 Lyxor AsiaRE 10US$ 935 57.4 5.3 DairyFarm 1149 29.3 2.1 DBXT FTVietnam 10US$ 2040 28.1 1.1 Lyxor China H 10US$ 1330 28.1
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    • 128 10 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -464.1 -3.3 Jardine C&C 4972 -354.0 -6.6 DBXT MSKorea 10US$ 5615 -306.5 -4.3 Hyflux 6% CPS 10 ***** -251.0 -2.3 GLD 10US$ ***** -210.1 -1.0 DBXT USDIGInfl 5US$ ***** -183.2 -0.5 DBXT E50 10US$ 3681 -150.2 -3.2 DBXT MSJAP 10US$ 3425
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    • 5 10 WEEKLY
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  • Page 11 Advertisements
    • 356 11 Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. r CLA/DECOsife r mr" k i C L Si __T 4 mm M TT f Sprmg/Summer, Autumn/Wmter. Labels and looks come and go. 10X rewards are always in season. W P k I Maybank
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  • SINGAPORE NEWS
    • 589 12  -  ASK Daniel Chia director Timothy Cooke Timothy Cooke, foreign registered counsel QUESTION: I am part of the senior management team in a company that actively trades in the region. We trade with customers, suppliers and partners in various jurisdictions. The management team is frequently asked
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    • 734 12 Payment Ex Books Pay Ann (cts) date close date date ABF Sp Bond Idx Fd ag 1.280 11-Oct 15-Oct 31-Oct 01-Oct Ace Achieve bo 0.300 09-Nov 14-Nov 28-Nov 30-Aug Amtek Engrg ak 2.200 01-Nov 05-Nov 23-Nov 27-Aug AscendInTr(1/4to30/6) ag 1.200 04-Oct 08-Oct 02-Nov 28-Sep AscendsInTr (1/7to new issuedate)
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    • 395 12 75,018 sq ft site also has potential for redevelopment INTERNATIONAL Flavors Fragrances (IFF), which last month opened a new plant in Jurong, has put up its former factory premises nearby for sale. The pricing expectation is in excess of $20 million.
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  • Page 12 Advertisements
    • 685 12 Facing Your Challenges To Get Ahead STJOBS No.1 Who should attend: Executive Management, Middle Management, Marketing PR Professionals, HR Practitioners and Customer Service Managers. FULL-DAY WORKSHOPS Register at www.stjobs.sg/seminars No.1 Recruitment site in Singapore by Marketing Magazine (2011) OCT ‘12 1 MON Speak Clearly Confidently SPH News Centre (9.30am to
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    • 102 12 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
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1055 13  -  They share certain traits and are often ‘a study in paradoxes walking contradictions’, a professor tells SHELLIE KARABELL STAR performers may be CEOs or politicians or even clerics; they may live in a forest or a city or a jungle. But they all share certain
      PHOTO: AFP  -  1,055 words
    • 1078 13  -  Nook House even has investor interest barely two months after its opening, reports ONG CHOR HAO STARTING YOUNG reportsONG reportsONG CHOR HAO IT’S not often that a company gets investor interest barely two months into existence, but one pancake restaurant with a unique business
      ARTHUR LEE  -  1,078 words
  • Page 13 Advertisements
    • 156 13 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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  • VIEWS FROM THE TOP
    • 3250 14 / 15 THIS WEEK’S TOPIC How can Singapore accommodate a population of six million while maintaining, if not improving on, its current quality of life? What steps should the government, and the people themselves, take to make this goal a reality? Teo Lay Lim Managing Director Singapore and Asean
      ST FILE PHOTO  -  3,250 words
  • Page 14 / 15 Advertisements
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    • 162 14 / 15 STAY IN CONTROL WITH OUR RISK MANAGEMENTTOOLS SSSs s S«.«(90D' 7I*7i*t**"*i u.l’O IHti .1 -7•fi OUR GUARANTEED STOPS ARE A GOOD PLACE TO START Access over 7000 global markets including forex, shares, indices and commodities. Trade all from one platform, night and day. Control your risk by placing a Guaranteed
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    • 12 14 / 15 The complete list of views from CEOs is also available on http://businesstimes.com.sg
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  • MALAYSIA/INDONESIA
    • 650 16 But some analysts argue for brighter prospects, see market stabilising [KUALA LUMPUR] The steady drop in the price of crude palm oil (CPO) this year is already eroding the incomes of households relying on the crop. And there is
      BLOOMBERG FILE PHOTO  -  650 words
    • 392 16 No idea what caused the drastic drop; expects price to stalibilise [PETALING JAYA] Asia Media Group Bhd, which saw its share price plunge over 150 per cent last week, says the panic selldown was temporary and expects the price to stabilise, The Star
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    • 1628 16 VOL Oct 12 RM +/-(‘000) VOL Advance Synerg 0.15 unch 376 Adventa Bhd 1.91 0.02 569 Ae Multi Hldgs 0.20 -0.01 40 Affin Holdings 3.34 unch 94 Ahmad Zaki Res 0.70 unch 138 Airasia Bhd 3.06 0.02 7435 Alliance Finan 4.07 -0.01 1023 Aluminium Co 0.77 0.01 75
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    • 433 16 Measures could cut into sales of global pharma companies Reuters [JAKARTA] Indonesia’s government has taken steps to override patents on a range of HIV drugs, highlighting a growing trend by Asian states to allow local production of cheap generic drugs that cut
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  • Page 16 Advertisements

  • GREATER CHINA/INDIA
    • 595 17 By flexing muscles, Beijing is showing that it will play by its own rules AFP [TOKYO] China’s top level boycott of global financial meetings in Japan this week is a sign of things to come, analysts say, as an economically
      AFP; PHOTO: AFP  -  595 words
    • 594 17 Industry players hopeful for pick-up in festive season Xinhua [KOLKATA]Sales of Indian cars in August-September this year suffered its biggest drop in 10 months with exports falling 26 per cent, the highest in 11 years, but car industry executives are still
      Xinhua  -  594 words
  • Page 17 Advertisements
    • 116 17 Confidence to invest That’s what commercial lenders can achieve when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world partner with us to manage virtually every kind
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  • ECONOMY WATCH
    • 617 18 For last fundraising issue, fees could not cover losses on some bonds IFR [LONDON] Balance sheet intensive trades and requirements for committed credit lines have seen many banks complain about the pressure exerted by the eurozone rescue set up, just as the European Stability
      IFR  -  617 words
    • 720 18 Interest-rate policy don’t dictate capital flows, he contends AP AFP Bloomberg [TOKYO] Federal Reserve chairman Ben Bernanke has defended the central bank’s monetary easing measures after criticism that the stimulus was to blame for destabilising capital flows around the world. In a
      AP; AFP; Bloomberg; PHOTO: REUTERS  -  720 words
    • 619 18 Bloomberg [NEW DELHI] India’s finance minister says the nation needs lower interest rates to bolster economic growth and has sought a stronger exchange rate as he prepares to deepen the government’s economic reform agenda. “Interest rates must come down and if
      Bloomberg; PHOTO: AFP  -  619 words
    • 335 18 Bloomberg [TOKYO] The global economy is relying too heavily on Asia to make up for stagnant growth in the US and Europe, said Australian Treasurer Wayne Swan, who urged international policy makers to do more to bolster expansion. “It is time for
      Bloomberg  -  335 words
  • Page 18 Advertisements
    • 1043 18 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF COURT MEETING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 907 of 2012/P In the matter of CIMC RAFFLES OFFSHORE (SINGAPORE) LIMITED (Company Registration Number *****1560D) And In the matter of Section 210 of the Companies
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  • Page 19 Advertisements
    • 80 19 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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  • Page 20 Advertisements
    • 2433 20 GOODPACK LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0547W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 33rd Annual General Meeting of Goodpack Limited will be held at 7 Harrison Road, #06-01 Harrison Industrial Building, Singapore *****0 on Tuesday, 30 October 2012 at 10.00
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    • 1808 20 HUPSTEEL LIMITED Company Registration Number: *****1452D (Incorporated in Singapore with Limited Liability) Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Nineteenth Annual General Meeting of HUPSTEEL LIMITED (“the Company”) will be held at 116 Neythal Road Singapore *****3 on Tuesday, 30 October 2012 at 2.30 p.m. for
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  • Page 21 Advertisements
    • 11 21 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
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    • 4126 21 Oquation ICORP LIMITED EQUATION CORF LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1110N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Sixth Annual General Meeting of Equation Corp Limited will be held at 2 Bukit Merah Central, Podium Block Level 3, Auditorium Foyer, Singapore
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  • WORLD
    • 704 22 Reuters [YEONGAM, South Korea] World champion Sebastian Vettel won the Korean Grand Prix in a Red Bull one-two finish yesterday to take the overall Formula One lead from Ferrari’s Fernando Alonso with four races remaining. Vettel’s third win in a
      Reuters; PHOTO: AP  -  704 words
    • 616 22 Polls also show early voting likely to play bigger role in this election than 2008 US PRESIDENTIAL ELECTION Reuters [WASHINGTON] US President Barack Obama and Republican challenger Mitt Romney are neck and neck in opinion polls, but there is one area in which the
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    • 461 22 But legislation should be in place beginning of next yr Bloomberg [TOKYO] The head of the European Central Bank said that common banking supervision in the euro area may not become operational before 2014 even if legislation is in place at
      Bloomberg  -  461 words
    • 370 22 Deal marks 15 years of hard bargaining aimed at ending decades-long rebellion AP [MANILA] About 200 Muslim rebels led by their elusive chief arrived in the Philippine capital yesterday for the signing of a preliminary peace pact aimed at ending one of
      AP  -  370 words
    • 846 23 Panetta warns that the country is at risk of a ‘cyber-Pearl Harbor’ NYT [WASHINGTON] US intelligence officials are increasingly convinced that Iran was the origin of a serious wave of network attacks that crippled computers across the Saudi oil industry and breached
      NYT; AFP FILE PHOTO  -  846 words
    • 196 24 Bloomberg [LONDON] The city of London has moved up from sixth to a close second behind New York in a ranking of financial centres by PricewaterhouseCoopers LLP (PwC) after the consulting firm took account of the British capital’s international connections. London’s
      Bloomberg  -  196 words
    • 783 24 For-profit inspectors are hired by food industry and have no guidelines Bloomberg [WASHINGTON] Food sickens 48 million Americans a year, with 128,000 hospitalised and 3,000 killed, the Centers for Disease Control and Prevention estimates. The rate of infections linked to foodborne
      Bloomberg; PHOTO: BLOOMBERG  -  783 words
    • 849 24 Reuters [WASHINGTON] Whether or not America’s politicians can find a way to sidestep the brutal automatic military cuts of sequestration, the era of rising Western spending on weapons and wars, is over. That reality increasingly is challenging major arms manufacturers,
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  • Page 22 Advertisements
    • 1432 22 Toll free 1800-289-8822 Email notices@sph.com,sg www.cats.com.sg/notices SWEE HONG FIRST WORLD CITY BUILDERS SWEE HONG LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****1852R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the First Annual General Meeting of the Company will be held at Warren Golf and
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  • Page 23 Advertisements
    • 2911 23 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF PRIME MEDIA (SINGAPORE) PTE LTD (Company Registration No: *****7507E) (In Member’s Voluntary Liquidation) SHAREHOLDERS’ VOLUNTARY WINDING-UP AT an Extraordinary General Meeting of the shareholders of PRIME MEDIA (SINGAPORE)
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  • Page 24 Advertisements
    • 2246 24 WING TAI HOLDINGS LIMITED (Company Registration No. *****0239D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 48thAnnual General Meeting of the Company will be held at The Ballroom, Level 3, Raffles Hotel, 1 Beach Road, Singapore *****3 on Tuesday, 30 October
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  • DINING OUT
    • 904 25  -  NEW RESTAURANT Immigrants 467 Joo Chiat Road Tel: 8511-7322 Open from 5pm to midnight By Jaime Ee EATING Damian D’Silva’s food is an exercise in delicious masochism. With every mouthful you’re sweating buckets (the inconsistent airconditioning doesn’t help), huffing and puffing and trying not
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  • Page 25 Advertisements

  • SHIPPING/AVIATION
    • 438 26  -  Bayanat will market, sell, deploy FOD detection system By VEN SREENIVASAN [SINGAPORE] Main-board-listed Stratech Systems has entered into a partnership with Bayanat Airports Engineering Supplies Co LLC (Bayanat) for its iFerret intelligent Airfield/Runway Surveillance and Foreign Object Debris (FOD) Detection System in the
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    • 322 26 Reuters [HONG KONG] China’s top two shipping giants, China Cosco and China Shipping, will join forces in a move that is a first for the domestic coastal container shipping industry and which is aimed at weathering a severe market downturn. China Shipping
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    • 729 26 Top Iranian shipping line hit by currency’s plunge; handling of economy criticised Reuters [LONDON] Iran’s vital seaborne trade is buckling under the weight of Western sanctions, deepening hardship for a population deprived of basic imports and heaping intense pressure on Teheran over its
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    • 441 26 Move will help cut costs, increase cooperation Bloomberg [PARIS] Air France-KLM Group, Europe’s biggest airline, will merge key finance operations of its main brands in a push to cut costs and increase cooperation between the French and Dutch arms. “The aim is to
      Bloomberg  -  441 words
    • 305 26 Bloomberg [COPENHAGEN] AP Moel-ler-Maersk A/S, the world’s largest container line, said that it will remove 19 ships from Asia-Europe trade lanes in a bid to bolster rates as demand slumps. Maersk will permanently scrap the AE5 service, which employs eight vessels, and halt
      Bloomberg  -  305 words
    • 180 26 Bloomberg [NEW YORK] Boeing Co won an order for 50 narrow-body 737 jets, with a catalogue value of about US$5 billion, to refresh Alaska Air Group Inc’s mainline fleet. The firm orders, along with 25 placed previously, will allow the Seattle-based carrier
      Bloomberg  -  180 words
    • 3487 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
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  • Page 26 Advertisements
    • 296 26 CHINA SUNSINE CHEMICAL HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****9470N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of China Sunsine Chemical Holdings Ltd. (the “Company”) will be held at Level 11, The Finexis Building, 108
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  • Page 26 Miscellaneous
    • 333 26 CRYPTIC CROSSWORD Across 1 Basic assumption of stance against drink? (11) 10 Feeling sorry about judge’s determination to free student (5) 11 ‘Relate’ organised paper with volunteers at home (9) 12 Manual controls on top of fairground attractions? (9) 13 Join by just accepting the end of bombing (5) 14
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  • Page 28 Advertisements
    • 121 28 TO ADVERTISE IN The Business Times Shipping times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? the Business Times TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 I I L UUJIIMLJJ I II VII Shipping Times
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  • SINGAPORE STOCKS
    • 3187 29 Week ended: Oct 12 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol ('000) 148.5 92.5 AIMSAMPIReit 144 -3.5 1253 147.5 143.5 144 144.5 5.8 13.8 645.6 High Low Buyer
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    • 267 30 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.9 -0.1 9079 2 1.8 1.8 1.9 28.3 Vol Week Last Quote Div Gr Yld Net M Cap
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    • 116 30 Stock name Close Change CapMallsAsia 1.675 +0.005 CapitaLand 3.160 -0.020 CapitaMall 2.080 +0.020 CityDev 11.520 -0.050 ComfortDelGro 1.640 -0.020 DBS Grp 14.180 +0.040 F&N 8.890 GLP 2.490 Genting SP 1.310 -0.005 Golden Agri 0.645 +0.010 Stock name Close Change HK Land 5.940 -0.030 IHH Healthcare 1.280
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    • 2233 30 Transaction date: Oct 12 HONG KONG Vol HK$ +/-'000 Aeon Stores 19.82 -0.16 23 Angang Steel 4.43 -0.05 ***** Anhui Conch 25.35 0.25 ***** Anhuiexpresswa 3.49 -0.01 1588 Asia Satellite 25.00 1.00 10 Asm Pacific 89.65 0.55 299 Bank Of E Asia 28.95 0.35 1407 Beida Jade Bir
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    • 216 30 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 39.5 25.5 AVJennings A31.5 +0.5 14 31.5 31.5 30.5 38 3.6 11.1 2.5 82 41.5 26 Genting HK US$ US32 unch ***** 32.5 31.5 32 32.5 2107
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    • 186 30 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 15 1 0 0 0 2 15 1 Manufacturing 69 94 31 8 18 5 77 112 36 Commerce 20 43 12 4 11 3 24 54 15 Tpt/Stor/Comms 12 27 5
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    • 1076 30 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 120.9xd +1.9 52 126 120 119 123 551.9 128.5 120.4 CIMB APAC Div 100S$D 128.5 126 126.9 103.8 95.8 CIMB
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    • 123 30 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 65,742 65,742 301,308 301,308 Manufacturing 1,723,223 198,742 1,921,965 1,183,820 4,722 1,188,542 Commerce 900,254 15,973 916,227 608,796 1,444 610,240 Tpt/Stor/Comms 524,392 123,943 648,335 889,542 38,354 927,896 Finance 107,007 2,420 109,427 688,833 1,053 689,886 Construction 413,171 78,041
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    • 26 30 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
    • 644 31 Oct 12 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8607.70 8620.18 8516.11 Dec12 8570.00 8635.00 8520.00 8565.00 *****6 *****0 Mar13 8575.00 8575.00 8515.00 8550.00 2 1752 MSCI TAIWAN INDEX FUTURES SPOT 264.79 265.71 262.87 Oct12 264.20 265.80 262.30 263.30 ***** *****6 Nov12 264.90
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    • 373 31 In local curr In S$ In US$ dy yr dy yr dy yr Oct 12 Index Change Change Change Change Change Change World Preliminary 911.0 -0.3 9.8 -0.8 3.9 -0.3 10.4 EAFE Preliminary 724.7 -0.2 6.2 -0.6 0.8 -0.1 7.1 Europe Preliminary 1104.6 -0.6 7.6
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    • 96 31 As on 12 October 2012 www.smx.com.sg PRODUCT CONTRACT PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1773.90 1761.10 1759.80 INDIA GOLD (E-GOLD) FUT DEC2012 592.00 586.05 586.45 CURRENCY EUR-USD FUT DEC2012 1.2998 1.2931 1.2961 BASE METAL COPPER FUT DEC2012 8253 8158 8165 INDEX IRON ORE
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    • 107 31 Oct 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1522.50 1548.50 1553.50 1510.00 Jan 13 1522.00 1548.50 1552.75 1509.50 Mar 13 1492.00 1520.75 1523.50 1481.00 May 13 1449.75 1478.25 1478.75 1442.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 49.89
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    • 70 31 CRUDE OIL PRODUCTS Oct 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.74 0.4 WTI (Near Mth) 92.43 1.06 Dubai (1-Mth F) 110.6 0.93 Tapis blend 119.71 0.71 Minas 114.86 0.71 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.72 0.44 Jet Kerosene 133.97 1.23 US$/barrel OpecOil Basket
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    • 22 31 Oct 12 S$ Bid Offer 1-month 1.2213 1.2215 2-months 1.2213 1.2215 3-months 1.2209 1.2215 6-months 1.2208 1.2210 Source: OCBC
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    • 64 31 Oct 12 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1968.50 1992.25 3 months 1994.00 2016.00 Copper, Grade A(US$/tonne) Cash 8131.75 8242.00 3 months 8130.00 8239.50 Lead(US$/tonne) Cash 2126.75 2180.50 3 months 2131.00 2184.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 80 31 Oct 12 COCOA (£/tonne) Close Prev High/Low Dec 12 1523 1518 1528/1511 Mar 13 1532 1527 1537/1519 May 13 1541 1536 1546/1529 Jul 13 1549 1544 1553/1536 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2052 2076 2082/2046 Jan 13 2068 2079 2084/2061 Mar 13 2084 2094 2097/2078 May 13 2097
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    • 1056 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 488 6.38 19 Conv Ratio Baker Technology Ltd W*****6 0.7 -0.3 259 1 32 -1 47.14 1 Price Best World Intl Ltd W*****5 0.3 1
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    • 470 31 Oct 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.006 6.444 0.792 7.973 54.112 98.509 0.807 11.428 3.146 1.253 98.242 42.628 1.256 8.868 0.959 30.016 31.515 0.640 1.029 Canada 0.994 6.406
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    • 61 31 Oct 12 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 6 mths 9 mths 0.***** SWAP Mid rates (S$) SWAP Mid rates (S$) 1
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    • 137 31 Oct 12 GOLD(US$/oz) Oct 10 Oct 11 Hong Kong 1773.70 1765.00 Oct 11 Oct 12 Oct 11 London 1763.07 1771.60 1764.05 1772.40 Source: Thomson Reuters CAST BAR Oct 12 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 69 5gm 443 347 10gm
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    • 87 31 Oct 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 10-Jan-13 0.27 6-Month BS*****W 04-Apr-13 0.29 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-14 102.13 5-Year N*****0Z 2.375 01-Apr-17 108.74
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    • 57 31 Oct 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2350.0 2380.0 2400.0 2300.0 101 1726 Nov 12 2435.0 2453.0 2480.0 2340.0 682 7888 Dec 12 2529.0 2523.0 2529.0 2379.0 ***** ***** Jan 13 2592.0 2586.0
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    • 154 31 Oct 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2561 1.2564 1.0285 1.0286 Canadian dollar 1.2486 1.2491 1.0226 1.0224 Euro 1.5851 1.5856 1.2979 1.2981 NZ dollar 1.0015 1.0031 0.8200 0.8212 Sterling pound 1.9620 1.9628 1.6065 1.6069
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    • 121 31 As at 9am Oct 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.283 1.222 Can dollar 1.277 1.217 Euro 1.617 1.54 Sterling pound 1.997 1.921 NZ dollar 1.026 0.978 US dollar 1.239 1.192 Local dollars to 100 units of foreign
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    • 155 31 Oct 12 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 1259 32  -  Move towards mobile driving demand for anytime, anywhere video conferencing By VICTORIA HO in Boston S MORE video companies find ways to let users chat with each other on small devices, one has to wonder if those deluxe, dedicated high-end, high cost telepresence rooms
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    • 928 32  -  <you say> By ERIC GOH The writer is managing director of EMC Singapore WE ARE living in an era of an industrial revolution of data that is, a period dominated by the Internet, computing systems and emerging sensor networks and this acceleration of information generated will only
      928 words
    • 392 32  -  By AMIT ROY CHOUDHURY ACCENTURE last week opened its Analytics Innovation Centre in Singapore in collaboration with the Economic Development Board (EDB). The centre will serve as an asset development lab and a research and innovation hub to deliver citizen-centric advanced analytics solutions for Accenture clients.
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    • 800 34  -  Companies in region are more proactive in their approach: TCS survey.AMIT ROY CHOUDHURYreports AMIT ROY CHOUDHURY WHILE smartphones are transforming customer service into anywhere and anytime contextual interactions, tablets are becoming the new battleground to attract and retain the most profitable consumer segments. Companies
      800 words
    • what’s up
      • 129 34 ADOBE Systems has unveiled the latest version of its popular Adobe Acrobat software the Adobe Acrobat XI. The popular PDF software will now feature complete PDF editing and export to Microsoft PowerPoint along with new capabilities and functionality designed for tablets and mobile devices, such
        129 words
      • 76 34 SSH Communications Security has recently launched its CryptoAuditor solution in Singapore. The new offering helps prevent data loss across encrypted secure shell, RDP and SFTP traffic with inline, real-time and transparent audit capabilities for financial service providers, retailers and other enterprises transmitting sensitive information. CryptoAuditor
        76 words
      • 94 34 JUNIPER Networks has announced what it calls the world’s most powerful edge services router and a single, virtualised platform for rapid deployment of multivendor applications. Combining the new Juniper Networks MX2020 3D Universal Edge Router and the new JunosV App Engine transforms the network edge
        94 words
    • 185 34 Reu ters [CHICAGO] Owners of Amazon.com’s Kindle e-readers will receive refunds on past e-book purchases and see e-book prices drop if a judge approves legal settlements with publishers accused of fixing prices, according to the Internet retailer. Amazon told Kindle owners in emails
      Reuters  -  185 words
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    • 113 33 data for: •mt. wm q sa r j < 1 l M f T 4, J V I-’ Data is there when we need it. Helping people use it to make an impact is what we do. When used efficiently and effectively, data can improve lives. From supplying secure, personal
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  • Page 34 Advertisements
    • 140 34 V v '7-^ WSllL! 1 v -sCvSRSv 1 .A.i:> r m v •y rm Zgg f < v*,.- I I f t< I ‘I V<" 3- V I s A s. >,. L ■K»i 'V -IKI li£ v> 1 1 L It i ,,A Milfc v> \\N y i....; 5
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  • Page 35 Advertisements
    • 1453 35 ADVERTORIAL Inspiring an Innovation Revolution The National Infocomm Awards aims to spur the development and adoption of innovative solutions in Singapore by recognising the organisations and companies that do it best From the creative use of simple technology to the development of out-of-the-box infocomm solutions through new and emerging technologies
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  • Page 36 Advertisements
    • 115 36 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
      115 words