The Business Times, 22 October 2012
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2012-10-22
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The Business Times
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Title Section25 2012-10-22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, October 22, 201225 words
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Article, Illustration857 2012-10-22 1 CAI HAOXIANG - IDs should be elected by minority shareholders, says activist David Webb By CAI HAOXIANG [SINGAPORE] Let’s not pretend any more that independent directors (IDs) are independent, says Hong Kong shareholder activist David Webb. He suggests abolishing the requirement for IDs and letting them be857 words
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860 2012-10-22 1 ANDREA SOH - Players expect the last 3 months to be busiest period this year By ANDREA SOH [SINGAPORE] The chase for yield among investors has kindled more interest among business trust owners and Reits to list, and investment bankers are expecting more of them to860 words
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MARKETS DIGEST
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Article57 2012-10-22 1 Weekly Change ST INDEX 3,048.92 +7.17 KL COMP 1,666.35 +12.99 NIKKEI 225 9,002.68 +468.56 HANG SENG 21,551.76 +415.33 SET INDEX 1,307.71 +10.73 JAKARTA COMP 4,331.25 +19.86 MANILA COMP 5,432.36 +62.64 SEOUL COMP 1,943.84 +10.58 SHENZHEN B 600.36 +16.97 MUMBAI IND 18,682.31 +7.13 DOW 13,343.51 +14.66 NASDAQ 3,005.62 -38.49 S&P57 words
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Article16 2012-10-22 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 14.297 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg16 words
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Article49 2012-10-22 1 US$ S$ US$ (S$ per US$) 1.220 (US$/S$ per 1.606 1.959 EURO (US$/S$/E) 1.307 1.594 Foreign currency per US$ S$ YEN 79.40 65.10 RM 3.048 2.499 HK$ 7.751 6.355 BAHT 30.69 25.16 RUPIAH 9,593 7,865 RENMINBI 6.252 5.126 INDIAN RUPEE 53.74 44.06 A$ 0.964 0.791 NZ$ 1.220 1.00049 words
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Page 1 Advertisements
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Advertisement213 2012-10-22 1 DINING OUT Skirt and a dress code PAGE 23 BizIT StarHub in cloud deal for govt departments PAGE 29 US PRESIDENTIAL DEBATE Obama has the edge in foreign policy page 2 VIEWS FROM THE TOP Building greener and smarter PAGES 12-13 IWC Pilot. Engineered for aviators. Spitfire Chronograph. Ref. 3878:213 words
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Advertisement36 2012-10-22 1 YOUNG INVESTORS' FORUM Can social media boost profits? PAGE 10 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. 8 *****1 *****436 words
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TOP STORIES
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609 2012-10-22 2 KALPANA RASHIWALA - Price for freehold hotel works out to $850,000-$900,000 per room By KALPANA RASHIWALA [SINGAPORE] Hotel Grand Pacific along Victoria Street (opposite Bras Basah Complex) has been sold for around $210 million. The price works out to around $850,000 to $900,000 per key for609 words
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675 2012-10-22 2 ROB CURRAN - WALL STREET INSIGHT By ROB CURRAN PROFIT disappointments pushed the Dow Jones Industrial Average to its biggest fall since June on the 25th anniversary of the 1987 crash Friday, and the gloomy earnings season is likely to continue this week no matter what675 words
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Article18 2012-10-22 2 Branchen Stars R1C-A 15/10/2012 149,50 EUR I db X-MACRO Trading Index Fund I4D 11/10/2012 91,62 GBP18 words
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Article, Illustration1055 2012-10-22 2 LEON HADAR - Romney hoping to reverse perception in final debate By LEON HADAR in Washington DURING the Cold War and for most the post-9/11 era of the “war on terrorism”, American voters tended to identify the Republicans as the political party that was “tough” onPHOTO: AP - 1,055 words
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Article495 2012-10-22 2 IPO pipeline hots up for Q4 burst THE chase for yield among investors has kindled more interest among business trust owners and Reits to list, and investment bankers expect more of them to launch their initial public offering in the fourth quarter of this year. Already, there are495 words
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1015 2012-10-22 3 VEN SREENIVASAN - Open market membership prices range from $226,000 to as low as $5,000 By VEN SREENIVASAN [SINGAPORE] Club memberships have long been regarded as one of the five “Cs” more so with the growing number of golfers in Singapore. About 30,000 golfers here collectively1,015 words
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Article, Illustration626 2012-10-22 3 LYNN KAN - Window of opportunity opens for oil gas firms By LYNN KAN [SINGAPORE] Europe’s winds of change can be Singapore oil and gas companies’ fortunes but only if they move quickly within the next two years. With massive offshore wind farms off coastalPHOTO: IE SINGAPORE - 626 words
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Advertisement218 2012-10-22 2 10th Keppel Offshore Marine Lecture at National University of Singapore The discovery of pre-salt oil gas in Brazil presents technical challenges where drilling has to penetrate deep layers of salt before reaching its target in ultra deep waters. In developing solutions to these challenges, extensive model testing is required. However,218 words
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Page 3 Advertisements
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Advertisement131 2012-10-22 3 GP GIRARD PERREGAGX MECHANICS OF TIME SINCE 1791 VINTAGE 1945 XXL Pink gold case, sapphire case back, Girard-Perregaux automatic mechanical movement. Hour, minute and small second. A FJ BENJAMIN F J Benjamin Service Centre 230 Orchard Road, #04-230 Faber blouse, Singapore *****4 Service Centre: (65) 6736 3933 Office: (65) 6737131 words
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SINGAPORE MARKETS
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Article, Illustration565 2012-10-22 4 VEN SREENIVASAN - STOCKS VEN SREENIVASAN Senior Correspondent AFTER hitting sevenmonth highs last week following strong US housingstarts data, Asian equity markets once again settled into a listless trading mode by the end of the week, marked by situational reactions and weighed down by heavy caution. And Friday’s565 words
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559 2012-10-22 4 CURRENCIES Bloomberg [NEW YORK] The yen last week fell the most in nine weeks versus the US dollar as speculation that the Bank of Japan (BOJ) will boost monetary stimulus sapped demand for the nation’s assets as aBloomberg - 559 words
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570 2012-10-22 4 COMMODITIES AFP [LONDON] Commodity prices mainly retreated last week, pressured by a tough economic climate highlighted in part by weakening growth in the world’s second biggest economy China, according to market watchers. Heading into the weekend, all eyes were on the European Union, whoseAFP - 570 words
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Article1517 2012-10-22 4 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 14.07 1.52 1.47 Amtek Engineering Ltd 2.67 2.67 6 0.07 6.93 0.71 0.61 ARA Asset Management Limited 1.501,517 words
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Article64 2012-10-22 4 Oct 19 VALUE CLOSE BT OB/OS -386.00-237.00 BT CADI -*****.00-142.00 BT 10-day MA -*****.00 -39.00 FTSE ST Mid Cap 755.41 -4.18 FTSE ST Small Cap 495.22 -2.15 FTSE ST All Share 748.60 -3.07 FTSE ST China Top 202.39 -1.95 FTSE ST China 220.25 -1.78 FTSE ST Catalist64 words
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Article60 2012-10-22 4 VOLUME YHM 605,912,000 Golden Agri 337,746,000 Geo Energy 323,162,000 Transcu Grp 266,210,000 Thai Beverage 227,514,000 Noble Grp 182,975,000 HPH Trust US$ 164,984,000 Synear 150,920,000 MDR 133,935,000 GSH Corp 128,680,000 VALUE($) F&N 356,069,460 SingTel 325,484,302 UOB 273,239,425 Noble Grp 245,667,220 Golden Agri 216,263,005 Wilmar 191,683,806 DBS Grp 179,069,38460 words
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Article112 2012-10-22 4 BY CENTS CLOSE UP DBXT FTChina25 10US$ 2843 226.8 7.0 DBXT MSKorea 10US$ 5770 189.0 2.8 DBXT E50 10US$ 3828 179.3 4.0 Jardine C&C 5133 161.0 3.2 DBXT MSJAP 10US$ 3548 150.0 3.6 DBXT iBoxxSing 5SG$ ***** 100.0 0.8 SPDRS S&P 500 10US$ ***** 97.6 0.6 STXPO 100 469112 words
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Article128 2012-10-22 4 BY CENTS CLOSE DOWN GLD 10US$ ***** -420.7 -2.0 DBXT Nifty 10US$ ***** -335.4 -2.5 JMH 5880 -290.2 -3.9 JSH 3498 -179.3 -4.0 IS DJ US Tech 7494 -98.8 -1.1 DBXT iBoxxUSTr 5US$ ***** -72.0 -0.3 DBXT S&P Short 10US$ 3471 -51.2 -1.2 UOB 1855 -45.0 -2.4 Great Eastern128 words
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COMPANY NEWS
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743 2012-10-22 5 CAI HAOXIANG - HK activist David Webb says it would be harder to do a site for firms here By CAI HAOXIANG FOR 10 years, Hong Kong shareholder activist David Webb not only warned about companies that investors should sell or not touch. He also made a743 words
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Article, Illustration90 2012-10-22 5 THAIBEV management presenting a cheque to the SGX Bull Charge. (From left) Lawrence Wong, SGX executive vice-president and head of listings; staff and beneficiaries from Asian Women’s Welfare Association; Khun Vichate Tantiwanich, ThaiBev senior vice-president; representatives from Autism Association and Fei Yue; and Chew Sutat,90 words
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Article295 2012-10-22 5 COMPANY MEETING PLACE DATE TIME Grand Banks A SGX Auditorium Level 2 2 Shenton Way SGX Centre 1 22-Oct 10.00am Koon Holdings E 17B Pandan Road #02-00 22-Oct 10.00am 800 Super A Orchid Country Club Octagon Level 1 Golf Clubhouse 1 Orchid Club Road 23-Oct 10.00am BoardRoom A295 words
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Article261 2012-10-22 5 Oct 19 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a ...5.75261 words
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Article, Illustration1757 2012-10-22 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd DIRECTOR activity was flat last week with 10 companies that recorded 16 purchases worth $21.3 million versus five firms with six disposals worth $4.7 million. The number of companies and trades1,757 words
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Advertisement340 2012-10-22 5 Ilf rjM h •i( Take off from a private terminal with our compliments. Visit exotic destinations your friends have never heard of. Travel around the world in true luxury. Enjoy VIP access toJetQuay laybank World MasterCard For those who demand the world Jet out of town from the luxury of340 words
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Advertisement1780 2012-10-22 6 Shanghai International Capital Plaza INITIAL PUBLIC OFFERING SUBSCRIBE NOW! IPO closes on 24 October 2012 Dalian Tianxing Roosevelt Center Nanjing International Finance Center Singapore’s First RMBdenominated REIT with dual currency listing Offering of 893,162,000 Units to 900,832,000 Units Public Offer Units: No less than 53,888,000 Units Offering Price Range: RMB4.401,780 words
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Advertisement47 2012-10-22 7 p/ 7T r y< m >■'% '•A*. Vk *4* Experience comfort on a whole new scale Korean Air provides the finest relaxation and in-flight privacy in the sky. Enjoy the ultimate in comfort because up here, the only space that matters is yours. Excellence in Flight KSREAKC AIR47 words
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SINGAPORE NEWS
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673 2012-10-22 8 ASK QUESTION: I have just started a new company and I wish to reach out to as many customers as possible to tell them about my products and services. I have received offers from some parties wishing to sell me databases of contact details. Can673 words
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Article, Illustration804 2012-10-22 8 CHRISTOPHER LIM - An all-piano trio will be featured at ChildAid 2012, courtesy of Steinway By CHRISTOPHER LIM WATCHING talented children play the piano is hardly virgin territory for ChildAid concerts but, this year, a trio of pianos will share the limelight with just as many performers. Three804 words
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Article949 2012-10-22 8 Payment Ex Books Pay Ann (cts) date close date date ABF Sp Bond Indx Fd ag 1.280 11-Oct 15-Oct 31-Oct 01-Oct Ace Achieve Infocom bo 0.300 09-Nov 14-Nov 28-Nov 30-Aug Amtek Engrg ak 2.200 01-Nov 05-Nov 23-Nov 27-Aug Ascendas India Trust (1/4 to 30/6) ag 1.200 04-Oct 08-Oct949 words
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Page 8 Advertisements
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Advertisement178 2012-10-22 8 ft The Singapore Indian Chamber of Commerce Industry Proudly Presents Singapore’s Leading Indian Entrepreneurs 2012 i SICCI-DBS Singapore Indian Entrepreneur Awards 2 012 SICCI’s 88" 1 Anniversary Dinner and SICCI-DBS Singapore Indian Entrepreneur Awards 2012 Presentation Ceremony will be held on 24 October 2012 Singapore Indian Chamber of Commerce Industry178 words
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Advertisement102 2012-10-22 8 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 particulars102 words
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Advertisement63 2012-10-22 9 Sarasin From Every Angle we Construct a Sustainable Vision for Your Wealth As a leading Swiss private bank and pioneer in the field of sustainable investment, Bank Sarasin is known for its innovative approach. It’s part of our heritage to consider private banking from every angle to construct a wealth63 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration983 2012-10-22 10 ALVIN LEE - The medium can work wonders in boosting the bottom line as long as the message is from the heart, reports ALVIN LEE reportsALVIN ALVIN LEE This article first appeared on online portal Insead Knowledge (knowledge.insead.edu) STEIN Ove Fenne’s Facebook page is accessible to bothSTOCK.XCHNG - 983 words
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Article, Illustration1216 2012-10-22 10 reportsTEH SHI NING - NTU trio remains keen on business despite uncertain future of their venture, reports TEH SHI NING STARTING YOUNG reportsTEH reportsTEH SHI NING UNCERTAINTY is an inevitable part of starting your own business, even if one is a student-entrepreneur starting on a low-risk venture. Which is perhapsNIGEL TEO CHENG SONG - 1,216 words
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Advertisement156 2012-10-22 10 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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Advertisement1020 2012-10-22 11 A special feature brought to you by: Taking sustainable mobility up to the next level Besidesbuildingefficientvehicleswith lowcarbonemissions,theBMWGroup alsoworksforsustainabilitythroughout itsentirevaluechain ByMikeLee NAMED the world’s most sustainable automotive company for the eighth consecutive year by the Dow Jones Sustainability Indexes, the BMW Group is also the only car brand to be featured1,020 words
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VIEWS FROM THE TOP
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Article, Illustration2452 2012-10-22 12 THIS WEEK’S TOPIC: How can smarter office buildings better serve the needs of businesses and employees? What can be done, or has been done, by your organisation or/and organisations in your industry to better use resources when it comes to buildings? John Keung CEO Building and2,452 words
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Page 12 Advertisements
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Advertisement201 2012-10-22 12 IG market de tar Balance s$ 10.275 Deposit: SS6II O Spot FX EUR/USD SELL 1-***** Running P44 Avmilmbt* mm 1-***** Mange. -o. ***** Change 0 03 Currency: USD n gn I 28. LOK 1281 Updated: 4:22 Deal Ticket Order Ticket _fjjns3i, !!s VU/; C) WHATEVER DEVICE YOU'RE USING WE'VE GOT201 words
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Advertisement860 2012-10-22 13 For the complete list of views from CEOs, go to http://businesstimes.com.sg THE MORE WE KNOW THE MORE WE WANT Today we are capturing more data more quickly about more things than ever before; about buildings, roads, cities; about people, our habits, passions, needs; about transactions, workflows, markets; right down to860 words
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MALAYSIA/INDONESIA
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Article, Illustration805 2012-10-22 14 Market talk values deal at US$500m; sale could replenish CIMB’s cash pile [PETALING JAYA] With the chapter closed on the sale of ING’s Malaysian insurance operations to AIA Group Ltd, attention has now turned towards CIMB Aviva Assurance Bhd, The Star said.PHOTO: REUTERS - 805 words
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740 2012-10-22 14 Bakries appear to have outmanoeuvred Nathaniel Rothschild NYT [NEW YORK] For more than two centuries, the Rothschild name has stood for a deft touch in European cross-border finance, as well as representing great wealth and influence. Today, the family name, one of Europe’sNYT - 740 words
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Article1619 2012-10-22 14 VOL Oct 19 RM +/-(‘000) VOL Advance Synerg 0.15 -0.01 40 Adventa Bhd 1.90 -0.01 216 Ae Multi Hldgs 0.21 0.01 130 Affin Holdings 3.34 -0.01 282 Ahmad Zaki Res 0.71 -0.03 60 Airasia Bhd 3.16 0.03 ***** Alliance Finan 4.07 unch 2433 Aluminium Co 0.77 unch 181,619 words
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Page 14 Advertisements
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Advertisement49 2012-10-22 14 fair iK V )f >; V V fww felMk A <sJ^'S K/Vr it „i/> #«v /v» ldSS92 All the great songs FM in one place y<mr uIak) escape you Tune in to Kiss 92 now to win kiss92.sg I facebook.com/kiss92fm @kiss92fm Partner: f S It’s more Fun in the ppines49 words
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GREATER CHINA
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Article, Illustration865 2012-10-22 15 Economic policy may be left in the hands of Li Keqiang, due to replace PM Wen NYT [BEIJING] Advocates for far-reaching economic policy changes in China have long pinned their hopes on Wang Qishan, a cagey former banker with a reputationNYT; PHOTO: REUTERS - 865 words
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484 2012-10-22 15 Fund flow to region after US monetary easing lifts markets Bloomberg [HONG KONG] Hong Kong’s de facto central bank stepped in for the first time since 2009 to prevent the city’s currency from rising against the US dollar after it touched theBloomberg - 484 words
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Page 15 Advertisements
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Advertisement24 2012-10-22 15 It’s not every day you sail your team through a postcard THERE’S NOTHING LIKE AUSTRALIA FOR YOUR NEXT BUSINESS EVENT. PLAN NOW, VISIT BUSINESSEVENTS.AUSTRALIA.COM24 words
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ECONOMY WATCH
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547 2012-10-22 16 NEIL BEHRMANN - Merkel, Hollande divided over ESM funds for struggling Spanish, other banks By NEIL BEHRMANN in London EUROPEAN leaders have once again failed business people and market participants who crave policies that will boost confidence. After two days of talks German Chancellor Angela Merkel overrode547 words
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253 2012-10-22 16 Reuters [CALGARY] Canada said it still invites foreign investment in natural resources despite its surprise rejection of a C$5.17 billion (S$6.4 billion) takeover of Progress Energy Resources Corp by Malaysia’s Petronas, a deal that had been expected to pass muster easily. The rejection lateReuters - 253 words
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Article, Illustration392 2012-10-22 16 ROBERT CYRAN - REUTERS BREAKINGVIEWS By ROBERT CYRAN Reuters [NEW YORK] Is everything sacred in Canada? At first it was a hole in the ground. Then it was the stock exchange and a DIY chain. Last week, regulators blocked two more big deals, includingReuters - 392 words
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Article, Illustration723 2012-10-22 16 Stalemate over direct EU bank aid, preference shares AFP [MADRID] Spain seems condemned to pay for its own banking rescue after Germany flatly refused to let the eurozone’s future bank supervisor do so, analysts say. That is bad news for Spain’s soaring public debt.AFP; PHOTO: BLOOMBERG - 723 words
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Page 16 Advertisements
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Advertisement370 2012-10-22 16 a- WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices INDIABULLS PROPERTIES INVESTMENT TRUST (a Business Trust constituted on 7 May 2008 under the laws of the Republic of Singapore) Managed by Indiabulls Property ManagementTrustee Pte. Ltd. (as Trustee-Manager of Indiabulls Properties Investment Trust) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE370 words
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Advertisement449 2012-10-22 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OMEGA CHALLENGE PTE. LTD. (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****9740K Notice of Resolution for Members’ Voluntary Winding Up (Pursuant to Section 290) At the Extraordinary General Meeting of Omega Challenge Pte. Ltd. duly convened and449 words
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Advertisement331 2012-10-22 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VOYAGE HAUS PTE. LTD. (Company Registration No. *****5179K) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Company deemed to have been held at 1 Commonwealth Lane #03-10, One Commonwealth, Singapore *****4, on 17331 words
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Advertisement36 2012-10-22 16 nuvoiy 6O$O$0S0}0$0$0C6$0$( m w I NUYOUTIME IS 10! DOUBLE-COVER ANNIVERSARY EDITION OUT NOW. nz V" WIN! 10 watches worth $30,000 from Baume Mercier, Maurice Lacroix, Tissot and more. Grab your copy now for more details. sPHmagazmes36 words
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WORLD
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Article, Illustration683 2012-10-22 17 They cost millions of dollars upfront, but eliminate volatility of future obligations Reuters [NEW YORK] Corporate America is finally ready to deal with a monkey on its back: massive pension obligations. AT&T Inc last week said that it plans to contribute aReuters; PHOTO: AFP - 683 words
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457 2012-10-22 17 Reuters [NAYPYITAW] Myanmar’s foreign investment law, which has been delayed for months while the president’s office and Parliament debated clauses some saw as protectionist, could be finalised within days, President Thein Sein said yesterday. The bill has passed back and forth betweenReuters - 457 words
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Article, Illustration679 2012-10-22 18 ANTHONY ROWLEY - Currency market intervention, further monetary easing on the cards, they say By ANTHONY ROWLEY in Tokyo THE battle of the yen is about to begin or so foreign exchange markets appear to believe as the Japanese currency goes into retreat against otherPHOTO: BLOOMBERG - 679 words
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Article, Illustration551 2012-10-22 18 Govt to inject 200b yen into economy, adds minister Bloomberg [TOKYO] Japanese Economy Minister Seiji Maehara said the country needs more monetary easing and policy efforts to encourage growth as the government prepares for election against an opposition that has stronger public support. TheBloomberg; BLOOMBERG - 551 words
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Article, Illustration829 2012-10-22 19 Europe, except for Germany, is picked for retirement: global HSBC poll AFP [PARIS] Asia, especially Singapore, is fast becoming a top destination for professional people and executives who go abroad for their companies, their careers and their bank accounts. Among countries in Asia,AFP; PHOTO: AFP - 829 words
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682 2012-10-22 19 Both Huawei and ZTE deny they pose security risk for US AFP [BEIJING] US security fears over two China telecom firms have spotlighted Western suspicions Chinese companies are stateinfluenced, a culture clash analysts say could loom larger as the country’s businesses lookAFP - 682 words
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Article, Illustration815 2012-10-22 20 ANTHONY ROWLEY - Son may be aiming for judicious balance between ‘soft’ and ‘hard’ for his firm By ANTHONY ROWLEY in Tokyo THE bid by Masayoshi Son’s Japan-based Softbank Corp for a 70 per cent stake in US mobile network operator Sprint Nextel Corporation announcedPHOTO: BLOOMBERG - 815 words
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688 2012-10-22 20 Iran is prime suspect for digital attacks on big Gulf companies AFP [PARIS] Middle Eastern oil and gas companies have been targeted in massive attacks on their computer networks in an increasingly open cyber war where a new virus was discovered justAFP - 688 words
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Page 17 Advertisements
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Advertisement110 2012-10-22 17 Confidence to expand That’s what participants in international commerce can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies doing business around the world partner with us to manage virtually every kind of risk. Changing currency valuations, energy costs,110 words
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Advertisement578 2012-10-22 18 Talent Management Work Productivity Who should attend: Senior Management Professionals in Customer Service, General Management, Business Development, HR and Sales Marketing; Professionals, Supervisors Team Leads. FULL-DAY WORKSHOPS Register at www.stjobs.sg/seminars STJOBS No.1 No.1 Recruitment site in Singapore by Marketing Magazine (2011) FULL-DAY SEMINAR Extraordinary Leadership: Achieving breakthrough performance in your578 words
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Advertisement84 2012-10-22 19 V Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow and84 words
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Advertisement41 2012-10-22 20 Wanted. Interior designer for small spaces A product of SPH, Singapore's trusted media group. If there’s really an opening, you’ll probably find it on stjobs.sg The STJobs App for iPhone and iPad is free for download at the App Store. STJOBS41 words
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Page 21 Miscellaneous
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Miscellaneous28 2012-10-22 21 klSS92 All the great songs m one place THE MEN WILL GET IT SOON d-N 8K?'' •r MADDY,JASON &ARNOU KDAYS 6:00 1 0 0 A kiss92.sg Dfacebook.com/kiss92fm Q@kiss92fm28 words
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AVIATION/SHIPPING
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453 2012-10-22 22 VEN SREENIVASAN - Distribution system to modernise ticketing and enable personalised offers By VEN SREENIVASAN THE International Air Transport Association (Iata) has announced new standards to increase the efficiency of global distribution system (GDS). Its Passenger Services Conference adopted on Friday, at the Iata World453 words
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Article306 2012-10-22 22 Bloomberg [LONDON] Charter costs for supertankers that haul Middle East oil to Asia, the industry’s busiest trade route, gained as more of the ships were hired to load cargoes for next month. Hire rates for very large crude carriers (VLCCs) on the benchmark Saudi Ara-bia-to-JapanBloomberg - 306 words
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Article, Illustration564 2012-10-22 22 TONY TYLER - Iata working with industry partners to develop Checkpoint of the Future By TONY TYLER The writer is director-general and CEO of the International Air Transport Association IT is no secret that one of the biggest passenger gripes about air travel is long lines at airportPHOTO: AP - 564 words
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Article, Illustration603 2012-10-22 22 Bloomberg [NEW DELHI] India suspended Kingfisher Airlines Ltd’s operating licence after the cash-strapped carrier failed to resume flights because of a strike by engineers and pilots demanding seven months of unpaid salaries. The suspension will remain in effect until the airline submits a “concrete andBloomberg; PHOTO: AFP - 603 words
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Article255 2012-10-22 22 SGX '000 Oct 19 S$ +/-Vol CH Offshore 0.53 unch 565 Chuan Hup Hldg 0.30 -0.01 1093 Cosco Corp 0.91 -0.01 3208 S$ Ezra Hldgs 1.18 0.01 4142 First Ship Lea 0.12 unch 657 Freight Links 0.07 unch 1100 Grand Banks 0.37 -0.02 125 Jaya Hold Ltd 0.57255 words
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3452 2012-10-22 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination3,452 words
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Advertisement20 2012-10-22 22 TUNE IN TO HOT FM91.3 OR LOG ON TO WWW.HOTFM.SG FOR MORE DETAILS! in lagoon i°i!™ eYFUL E FACEBOOK.COM/HOTFMSG WWW.HOTFM.SG20 words
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Advertisement16 2012-10-22 22 www.omy.sg m D ONIV SHOWBIZ P|PP o o INSTALL NOW! Download FREE QR Code Reader,e.g. BeeTagg16 words
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Page 22 Miscellaneous
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Miscellaneous333 2012-10-22 22 CRYPTIC CROSSWORD Across 1 Criticism levelled as result of trophies recently stolen (3,4) 5 Embarrasses a party before elections, losing heart (7) 9 Month here without walls is a bore! (5) 10 Pub’s motto, possibly? (7,2) 11 Manage to hear what’s said for slogans? (10) 12 Platform that is accepted333 words
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DINING OUT
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Article, Illustration927 2012-10-22 23 Cheah Ui-Hoon - By Cheah Ui-Hoon NEW RESTAURANT Skirt W Singapore Sentosa Cove 21 Ocean Way Tel: 6808-7288 Open 7pm to midnight (Tuesdays to Sundays); closed on Mondays EVER since it opened, Skirt has been lassoing diners in. Don’t hope to get a place without a booking especially927 words
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Page 23 Advertisements
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Advertisement356 2012-10-22 23 B Mk v B i **> I S.7^A*; 3K M <1 7U disi a&jJcujs hc/Uis iMi carefuddj and raised pr&duce. Julien Royer, Chef de Cuisine World Gourmet Series Awards of Excellence 2012 Meat and Livestock Australia "Rising Chef of the Year" and "Friend of Australia" by Tourism Australia ARTISANAL CUISINE,356 words
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SINGAPORE STOCKS
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Article3388 2012-10-22 24 Week ended: Oct 19 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 147 +3 1266 148.5 144.5 147 148 5.7 14.1 659 High Low Buyer3,388 words
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Article287 2012-10-22 25 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 $mil Last 4.6 1.3 t Advanced System 1.6 -0.3 ***** 1.9 1.5 1.5 1.6 23.8 Week Last Quote Div Gr Yld Net M Cap High287 words
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Article117 2012-10-22 25 Stock name Close Change CapMallsAsia 1.785 +0.020 CapitaLand 3.270 -0.030 CapitaMall 2.140 +0.030 CityDev 11.780 -0.070 ComfortDelGro 1.635 DBS Grp 14.090 -0.130 F&N 9.290 +0.360 GLP 2.530 +0.020 Genting SP 1.330 +0.005 Golden Agri 0.630 -0.005 Stock name Close Change HK Land 5.960 -0.060 IHH Healthcare117 words
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Article2208 2012-10-22 25 Transaction date: Oct 19 HONG KONG Vol HK$ +/-'000 Aeon Credit 7.00 unch 0 Aeon Stores 19.80 -0.20 144 Angang Steel 4.61 -0.19 ***** Anhui Conch 27.25 0.70 ***** Anhuiexpresswa 3.83 0.13 3274 Asia Satellite 24.75 0.10 31 Asm Pacific 90.35 -0.35 659 Bank Of E Asia 28.952,208 words
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Article208 2012-10-22 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 39.5 25.5 AVJennings A30 -1.5 1 30 30 30 34 3.6 11.7 2.4 78.1 41.5 26 Genting HK US$ US32 unch 8065 32.5 32 32 32.5 2107208 words
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Article186 2012-10-22 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 7 2 0 0 0 9 7 2 Manufacturing 68 74 51 9 11 11 77 85 62 Commerce 35 23 17 7 7 6 42 30 23 Tpt/Stor/Comms 19 18 8186 words
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Article1098 2012-10-22 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 119.5 -1.4 115 120 119 119.5 120 545.5 128.9 120.4 CIMB APAC Div 100S$D 128.4 -0.1 27 128.9 128.1 128.31,098 words
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Article123 2012-10-22 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 70,679 70,679 261,969 261,969 Manufacturing 1,488,159 146,539 1,634,698 1,272,416 2,696 1,275,112 Commerce 894,895 35,290 930,185 678,618 10,668 689,286 Tpt/Stor/Comms 602,967 86,764 689,731 904,993 27,909 932,902 Finance 98,665 3,074 101,739 655,151 1,311 656,462 Construction 203,327 620,871123 words
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Page 25 Advertisements
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Advertisement26 2012-10-22 25 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 TIMES26 words
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FINANCE & COMMODITIES
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Article647 2012-10-22 26 Oct 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8944.03 9016.90 8940.38 Dec12 8980.00 9025.00 8940.00 8980.00 *****2 *****3 Mar13 8965.00 316 1916 MSCI TAIWAN INDEX FUTURES SPOT 266.11 266.11 263.60 Oct12 266.00 266.90 262.90 263.10 ***** *****4 Nov12 265.80 266.10 262.70 263.10647 words
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373 2012-10-22 26 In local curr In S$ In US$ dy yr dy yr dy yr Oct 19 Index Change Change Change Change Change Change World Preliminary 926.5 -0.8 11.7 -0.8 5.6 -1.0 12.2 EAFE Preliminary 742.8 -0.4 8.9 -0.7 3.3 -0.8 9.8 Europe Preliminary 1126.0 -0.7 9.7373 words
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Article, Illustration103 2012-10-22 26 As on 19 October 2012 www.smx.com.sg PRODUCT PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1740.10 1717.20 1724.10 INDIA GOLD (E-GOLD) FUT DEC2012 580.65 573.90 578.95 CURRENCY EUR-USD FUT DEC2012 1.3083 1.3032 1.3027 BASE METAL COPPER FUT DEC2012 8221 8045 8020 INDEX IRON ORE (MBIO)103 words
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Article107 2012-10-22 26 Oct 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1534.25 1545.50 1555.75 1532.25 Jan 13 1536.50 1546.25 1557.00 1534.50 Mar 13 1509.25 1519.75 1528.00 1507.50 May 13 1463.75 1475.75 1483.00 1461.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 51.58107 words
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Article70 2012-10-22 26 CRUDE OIL PRODUCTS Oct 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.45 -0.81 WTI (Near Mth) 92.04 0.1 Dubai (1-Mth F) 110.48 -0.14 Tapis blend 117.86 -0.77 Minas 113.01 -0.77 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.78 -1.5 Jet Kerosene 131.78 0.08 US$/barrel OpecOil Basket70 words
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Article22 2012-10-22 26 Oct 19 S$ Bid Offer 1-month 1.2195 1.2198 2-months 1.2194 1.2197 3-months 1.2194 1.2197 6-months 1.2188 1.2192 Source: OCBC22 words
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Article64 2012-10-22 26 Oct 19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1946.25 1991.50 3 months 1970.00 2015.00 Copper, Grade A(US$/tonne) Cash 8010.00 8217.00 3 months 8015.00 8220.00 Lead(US$/tonne) Cash 2108.00 2148.00 3 months 2115.00 2157.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.0064 words
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Article80 2012-10-22 26 Oct 19 COCOA (£/tonne) Close Prev High/Low Dec 12 1614 1575 1617/1594 Mar 13 1606 1569 1610/1585 May 13 1612 1575 1615/1589 Jul 13 1619 1582 1621/1597 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2063 2021 2066/2028 Jan 13 2081 2048 2089/2057 Mar 13 2099 2068 2107/2075 May 13 211380 words
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1028 2012-10-22 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 488 6.38 19 Conv Ratio Baker Technology Ltd W*****6 0.2 -0.5 3138 1 32 1 160.00 1 Price Best World Intl Ltd W*****5 0.3 11,028 words
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Article470 2012-10-22 26 Oct 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.023 6.482 0.794 8.036 55.715 99.460 0.823 11.436 3.160 1.265 98.838 42.931 1.265 8.978 0.959 30.302 31.821 0.646 1.037 Canada 0.978 6.336470 words
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Article62 2012-10-22 26 Oct 19 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP62 words
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Article137 2012-10-22 26 Oct 19 GOLD(US$/oz) Oct 19 Oct 18 Hong Kong 1745.50 1755.30 Oct 18 Oct 19 Oct 18 London 1734.07 1743.30 1734.99 1744.30 Source: Thomson Reuters CAST BAR Oct 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 153 68 5gm 433 340 10gm137 words
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Article83 2012-10-22 26 Oct 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 17-Jan-13 0.24 6-Month BS*****N 18-Apr-13 0.27 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.15 5-Year N*****0Z 2.375 01-Apr-17 108.7483 words
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Article57 2012-10-22 26 Oct 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2414.0 2396.0 2420.0 2374.0 331 6206 Dec 12 2489.0 2456.0 2489.0 2452.0 5079 ***** Jan 13 2510.0 2496.0 2524.0 2492.0 ***** ***** Feb 13 2546.0 2530.057 words
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Article156 2012-10-22 26 Oct 19 Oct 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2641 1.2651 1.0366 1.0371 Canadian dollar 1.2359 1.2364 1.0136 1.0135 Euro 1.5933 1.5939 1.3065 1.3067 NZ dollar 0.9995 1.0002 0.8196 0.8200 Sterling pound 1.9582 1.9590156 words
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Article160 2012-10-22 26 Oct 19 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.30 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.70 0.50 9 months 0.85 0.65 12160 words
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Article121 2012-10-22 26 As at 9am Oct 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.294 1.233 Can dollar 1.267 1.207 Euro 1.63 1.553 Sterling pound 1.994 1.918 NZ dollar 1.032 0.974 US dollar 1.243 1.184 Local dollars to 100 units of foreign121 words
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Page 27 Advertisements
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Advertisement28 2012-10-22 27 Corrs: Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times Shipping Times28 words
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Page 28 Advertisements
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Advertisement121 2012-10-22 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 WONG AT 9620 1327 Shipping Times Highlight Your Anniversary Come publicise your Company Anniversary,121 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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803 2012-10-22 29 reportsAMIT ROY CHOUDHURY - Company ties up with top vendors; its IaaS platform, called ‘Argonar’, is among six which will service government bodies, reportsAMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY STARHUB last week announced that it has teamed up with a number of top vendors to803 words
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409 2012-10-22 29 LOO PO LI - By LOO PO LI [SINGAPORE] The Republic’s progressive stance on cloud computing, as well as its proximity to Zscaler’s target market of South Asian countries, has convinced the US-based company to set up its Asia-Pacific headquarters here. “Singapore has embraced cloud computing as409 words
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Article928 2012-10-22 29 MELISSA CHAU - <you say> By MELISSA CHAU The author is IDCAsia Pacific’s Research Manager for Client Devices WITH the launch of Windows Phone 8 around the corner, the question on the minds of technology analysts such as myself is what splash, if any, will these new928 words
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Article, Illustration704 2012-10-22 30 AMIT ROY CHOUDHURY - Fall is caused by buyers waiting for Windows 8, says IDC By AMIT ROY CHOUDHURY [SINGAPORE] Preliminary data from research agency IDC shows that the sale of personal computers in Singapore plunged 23 per cent in the third quarter of this year704 words
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Article, Illustration656 2012-10-22 30 VICTORIA HO - Data recovery service provider has 19 such labs globally By VICTORIA HO [SINGAPORE] Kroll Ontrack has expanded its Asia headquarters and added a new lab in Singapore, in an effort to chase growth in the region. The company performs data recovery services for businesses, and656 words
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1022 2012-10-22 30 VICTORIA HO - NEWS ANALYSIS By VICTORIA HO [SINGAPORE] The IPhoneAndroid tussle has been underway for the past four years, since the first commercial Android phone was released in late 2008. And in many ways it’s a proxy battle between arguably two of the most1,022 words
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597 2012-10-22 30 AP [SAN FRANCISCO] Google is dangling a low-priced laptop computer in front of consumers as rivals Microsoft and Apple prepare to release their latest gadgets. The lightweight computer unveiled on Thursday will sell for US$249 and is being made in a partnership withAP - 597 words
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Page 29 Advertisements
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Advertisement173 2012-10-22 29 NETGEAR® ProSafe® Built for Business with Convenience, High Reliability and Best Performance LIFETIME NETGEAR® ProSafe® Unmanaged Switches mm GS116E ProSafe Plus Switch delivers network monitoring, traffic prioritization and VLAN 16 ports deliver up to 2000 Mbps of dedicated, non-blocking bandwidth per port Simple network set-up on top of plug-and-play connectivity173 words
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Page 30 Advertisements
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Advertisement214 2012-10-22 30 WAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF METCOMP CO (SINGAPORE) PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO, *****3849W) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final214 words
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Advertisement24 2012-10-22 30 Asian stock markets pick up steam as regional economy shows signs of stabilising as regional economy To subscribe, call 6388-3838 or go to sphsubscription.com.sg24 words
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Advertisement1660 2012-10-22 31 ADVERTORIAL Honouring the Best in Innovation This year's National Infocomm Awards (NIA) 2012 finalists have capitalised on innovation to gain a competitive edge and achieve greater heights in their respective arenas. from the Guest of Honour, Dr Yaacob Ibrahim, Minister for Information, Communications and the Arts at the NIA 20121,660 words
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Advertisement35 2012-10-22 32 LET'S BUILD BETTER ENERGY FUTURE. LET'S GO. Find out how we're helping to broaden the world's energy mix For more information visit: www.shell.com/futureofenergy Check out our interactive advertisment in The Straits Times on iPad ST35 words
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