The Business Times, 13 May 2013

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, May 13, 2013
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  • 1201 1  -  Tenants should look at location and track record of a mall rather than who owns it By ONG CHOR HAO [SINGAPORE] Real estate investment trusts (Reits) in the retail sector are often blamed for pushing up rentals and consumer prices, but market
    ST FILE PHOTO  -  1,201 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,443.77 +73.87 KL COMP 1,772.38 +77.61 NIKKEI 225 14,607.54 +913.50 HANG SENG 23,321.22 +631.26 SET INDEX 1,622.48 +43.53 JAKARTA COMP 5,105.94 +180.46 MANILA COMP 7,262.38 +47.03 SEOUL COMP 1,944.75 -20.96 SHENZHEN B 847.06 +23.95 MUMBAI IND 20,122.32 +546.68 DOW 15,118.49 +144.53 NASDAQ 3,436.58 +57.95 S&P
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    • 22 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 13.378 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.237 (US$/S$ per 1.544 1.910 EURO (US$/S$/E) 1.303 1.612 Foreign currency per US$ S$ YEN 101.30 81.90 RM 2.988 2.416 HK$ 7.760 6.275 BAHT 29.72 24.03 RUPIAH 9,738 7,874 RENMINBI 6.141 4.965 INDIAN RUPEE 54.57 44.13 A$ 0.995 0.804 NZ$ 1.197 0.968
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  • 443 1  -  New ePaper gives subscribers more flexibility By CHRISTOPHER LIM [SINGAPORE] BT subscribers will be able to read the paper on more devices with today’s ePaper launch. The ePaper provides an easy way of reading an electronic facsimile of the paper in most current Web browsers.
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  • Page 1 Advertisements
    • 251 1 NEWS ANALYSIS MIIF’s 8-day suspension: boon or bane? DINING OUT Yet to fire up an appetite PAGE 25 YOUNG INVESTORS’ FORUM Knowing CPF, CPF Life and retirement PAGE 12 VIEWS FROM THE TOP Dad’s the way to do it PAGES 10-11 PAGE 4 BT WEBSITES For breaking news, go to
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  • TOP STORIES
    • 878 2  -  Run-up unlikely to last much longer, say analysts, despite investor optimism WALL STREET INSIGHT By ROB CURRAN THIS week, the stock-mar-ket rally will contend with an old enemy: gravity. What goes up must come down at least temporarily and the stock market has hardly dipped in
      PHOTO: AFP  -  878 words
    • 487 2 Reits alone not to blame for retail woes REAL estate investment trusts in the retail sector are often blamed for pushing up rentals and consumer prices, but market watchers say it’s not such a straightforward situation. And retail Reits may face challenges of their own going forward. FRONT
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    • 829 2  -  Abenomics’ future rests on how profits are used: analysts By in ANTHONY ROWLEY in Tokyo JAPAN’S corporate reporting season will get fully into its stride this week and is expected to offer further evidence that monetary easing is bringing early benefits to the
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    • 620 4  -  Of 206 companies reporting so far, 105 put up an improved performance By ONG CHOR HAO [SINGAPORE] The combined profits of companies listed on the Singapore Exchange (SGX) trended lower for the first quarter ended March 31 from a year ago, data compiled
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    • 931 4 Finance leaders acknowledge need to secure growth AP [AYLESBURY, England] Finance leaders from the Group of Seven leading industrial economies say Japan’s stimulus policies are directed at boosting its economy out of a two-dec-ade period of stagnation, not an attempt to drive
      AP  -  931 words
    • 419 4 AFP AP [KUALA LUMPUR] British billionaire Richard Branson strutted his stuff as an AirAsia flight attendant yesterday complete with fishnet stockings and figure-hugging red pencil skirt. His star turn on the flight from Australia’s Perth to the Malaysian capital Kuala Lumpur came
      AFP; AP; PHOTO: AIR ASIA/REUTERS  -  419 words
    • 886 4  -  Is it ‘kiasu’, or a genuinely fair move to protect investors? NEWS ANALYSIS By LEE MEIXIAN [SINGAPORE] The self-im-posed trading suspension of Macquarie International Infrastructure Fund (MIIF) kicked in quietly last Tuesday, and will be lifted only after the market closes on May 16.
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  • Page 2 Advertisements
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    • 19 2 The best pure-play private bank in Asia EFG 0 Bank Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com
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  • Page 3 Advertisements
    • 142 3 CALIBRE BE CARTIER CHRONOGRAPH I904-CH MC THE I904-CH MC, THE NEW AUTOMATIC WINDING CHRONOGRAPH MOVEMENT, WAS CONCEIVED, DEVELOPED AND ASSEMBLED BY THE CARTIER MANUFACTURE IN THE GREATEST WATCHMAKING TRADITION. THIS MOVEMENT IS EQUIPPED WITH INGENIOUS SYSTEMS FOR UTMOST PRECISION: A COLUMN WHEEL TO COORDINATE ALL THE CHRONOGRAPH FUNCTIONS, A VERTICAL
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  • COMPANY NEWS
    • 422 5  -  Bid by Marine Harvest for rival Cermaq cause of extension to May 23 By ONG CHOR HAO MAINBOARD-LISTED China Fishery Group has extended the offer period of its bid for Copeinca ASA, stretching out the battle for the Peruvian company as complications surround
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    • 585 5  -  By VEN SREENIVASAN THE founding CEO is seriously ill. His 27-year old son is heir and the youngest CEO of a Singa-pore-listed company. Meanwhile, the company itself is enjoying strong growth and is one of the world’s largest maker of specialty chemicals. If there
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    • 784 5  -  HOCK LOCK SIEW By R SIVANITHY SOMETIMES in order to regain focus it’s necessary to go back to basics and revisit one’s roots. This appears to be the case with the previously-named China Auto Corp which recently changed its name back to
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    • 1658 8  -  A total of 17 firms record 24 purchases worth $2.98m versus five firms with seven disposals worth $1.82m, reports INSIDE MARKETS ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying rebounded sharply while the selling among directors also went up based on
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    • 262 8  -  By ONG CHOR HAO TWO shareholders in See Hup Seng have called for an extraordinary general meeting (EGM) to remove the managing director from the board and return the founder and ex-chair-man of the company to the boardroom. Terence Lim and
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    • 2611 8 Payment Ex Rec Pay Ann (cts) date date date date ABR Hldgs ak 1.000 06-May 08-May 28-May 15-Apr Action Asia ak 0.700 10-May 14-May 28-May 04-Mar Advanced Hldgs ak 0.300 03-May 07-May 22-May 11-Apr Advanced Int Mfg ak 0.160 06-May 08-May 20-May 04-Mar AEI Corporation an 1.000 02-May
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  • Page 5 Advertisements
    • 100 5 Now experience the famed Swiss quality of life on board, daily. We are incredibly happy to announce the return of Swiss International Air Lines to Changi Airport. Starting May 2013, the airline will fly a daily non-stop service between Singapore and Zurich. Discover the fanned Swiss hospitality, reliability and attention
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  • SINGAPORE MARKETS
    • 578 6  -  STOCKS R SIVANITHY Senior Correspondent THAT stock markets are now detached from economic reality seems pretty clear the global economy from East to West looks very much like it’s hit a soft patch yet equities have shrugged this off and continue to
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    • 597 6 COM MO DITIES AFP [LONDON] Global commodities traded with mixed results last week, with oil dented by record-high US crude reserves and the strong dollar, while investors braced for the results of a two-day finance meeting of the Group of Seven (G-7)
      AFP  -  597 words
    • 1372 6 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 1.75 2.00 4 9.80 18.78 1.82 1.84 Amtek Engineering Ltd 3.25 3.25 4 0.05 8.07 0.59 0.50 ARA Asset Management Limited 2.57
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    • 4 6 WEEKLY
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    • 73 6 May 10 VALUE CLOSE BT OB/OS 159.00 +26.00 BT CADI -*****.00 +68.00 BT 10-day MA -*****.00 +16.00 FTSE ST Mid Cap 844.31 +1.61 FTSE ST Small Cap 594.55 +1.23 FTSE ST All Share 846.72 +2.46 FTSE ST China Top 220.06 +0.63 FTSE ST China 249.49 +0.19 FTSE
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    • 56 6 VOLUME NexGenSCom 767,329,000 Golden Agri 428,499,000 Innopac 427,163,000 YHM 332,821,000 WE Hldgs 328,739,000 Thai Beverage 298,099,000 Contel 282,914,000 Genting SP 222,186,000 SingHaiyi 220,342,000 Cedar 214,659,000 VALUE($) DBS Grp 439,181,921 Keppel Corp 383,362,370 Genting SP 331,247,505 SingTel 314,148,562 CapitaLand 253,849,880 UOB 241,120,195 GLP 232,328,270 Golden Agri 230,921,887 OCBC
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    • 529 6 Some regional authorities may weaken exchange rates to protect exports CURRENCIES Bloomberg [SINGAPORE] Asian currencies completed the first weekly loss in more than a month on speculation that the yen’s slide to beyond 101 per dollar will prompt some regional
      Bloomberg  -  529 words
    • 115 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 5755.7 44.4 IS S&P500 ***** 443.8 2.2 JMH 6830 383.2 4.8 DBXT MSUSA 10US$ 3974 365.9 8.0 DBXT iBoxxUSTr 5US$ ***** 341.2 1.3 DBXT E50 10US$ 4399 268.3 5.2 Lyxor Indonesia10US$ ***** 159.5 1.2 DBXT Nifty 10US$ ***** 127.3 0.9 JSH
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    • 129 6 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -749.0 -2.8 GLD 10US$ ***** -343.7 -1.9 Jardine C&C 4610 -190.0 -4.0 DBS Bk 4.7% NCPS 100 ***** -180.0 -1.6 DBXT MSKorea 10US$ 5677 -158.2 -2.2 DBXT S&P Short 10US$ 3022 -87.8 -2.3 DBXT AUD Bonds 5AU$ ***** -53.4 -0.2 Hyflux
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    • 5 6 WEEKLY
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  • Page 7 Advertisements
    • 194 7 INTRODUCING A NEW BUSINESS EXPERIENCE. I—'KTtAStJ e i. c lllllll I V d Samsung is elevating your business to the extraordinary standards you’ve come to expect in your everyday life. People everywhere are enjoying the benefits new technology brings to their everyday lives but are slow to experience these advances
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  • Page 8 Advertisements
    • 124 8 RSACONFERENCE ASIA PACIFIC2013 JUNE 5-6 MARINA BAY SANDS SINGAPORE Security in Mastering Securing the world. Join us to learn about the latest security technologies, connect with industry experts, and discover ways to fight against the latest cyber security threats! Participate at any of the 50 sessions spanning the following 5
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  • SINGAPORE NEWS
    • 1058 9  -  It benefits a company’s brand and its long-term bottom line as well. ByMA MA XIANGYU PRACTISING sustainability is no longer just being fashionably green for companies here –it’s also to win more business. And this is true not only with consumer brands, but also
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    • 192 9 COMPANY MEETING PLACE DATE TIME Junma Tyre A 47 Hill Street #02-00 13-May 10.00am Zhongmin Baihuil E Peach Garden 401 Havelock Road Hotel Miramar Level 3 13-May 10.00am TEE International E Nutmeg Room Level 2 Orchard Hotel Singapore 442 Orchard Road 15-May 11.00am Koon Hldgs E The Chevrons
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    • 278 9 May 10 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 ...6.00 ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a Barclays Bank PLC BNP Paribas Bank of Tokyo-Mitsubishi Chang Hwa
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  • Page 9 Advertisements
    • 28 9 35 YEARS AGO NEC PREDICTED THAT COMPUTERS AND COMMUNICATIONS BELONGED TOGETHER. Credit Suisse has been facilitating mergers ever since. The NEC/Lenovo merger story continues at credit-suisse.com/nec Credit Suisse
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  • VIEWS FROM THE TOP
    • 3164 10 THIS WEEK’S TOPIC Do you consider your workplace to be father-friendly, and if so, why? What can be done to make workplaces more father-friendly? Lim Soon Hock Managing Director Plan-B ICAG Pte Ltd and also Chairman of National Family Council and Centre for Fathering
      PHOTO: REUTERS  -  3,164 words

  • Page 11 Advertisements
    • 343 11 itHADs fori ife CONFERENCE AND WORKSHOPS 2013 la 31 May (Fri) 1 pm 1 June (Sat) 9 am Singapore Expo, Max Atria Dads for Life Conference and Workshops 2013 The Dads for Life Conference is back for the 4 th year! And this time we bring you an additional day
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1446 12  -  Use it or lose it: Pay down home loans with CPF OA monies before the age of 55, says LARRY HAVERKAMP Dr Larry Haverkamp is an adjunct faculty member at Singapore Management University and an instructor in the Citi-SMU Financial Literacy Programme for Young
      FILE PHOTO  -  1,446 words
    • 1119 12  -  An early start and robust trading system anchor a young trader’s strategy, writes NATHANIEL CHEW NATHANIEL CHEW FOR Vincent Lee Wen Jie, 23, what started from an uncle’s introduction to a foreign exchange trading programme turned quickly into 18-hour days spent watching the screens. Mr
      PHOTO: ARTHUR LEE  -  1,119 words
  • Page 12 Advertisements
    • 156 12 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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  • DIVERSITY: ACCOUNTANCY SERVICES
    • 952 13  -  Building up a diverse talent pool will help foster innovation in the accountancy sector, industry players say. ByKAN KAN KWOK LEONG AS PART of an effort to transform Singapore into the region’s leading accountancy services hub, the government and private-sector players here are banking on
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    • 258 13 ACCA Singapore head Leong Soo Yee shares her thoughts on why having finance professionals with different backgrounds and skill sets is important for an organisation. “In the accountancy and financial services sector, diversity is important because it is not only about doing things differently. Finance professionals deal
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    • 211 13 THE Committee to Develop the Accountancy Sector was formed by the Ministry of Finance in December 2008 to undertake a holistic review of the local accountancy sector and profession, with the aim to position Singapore as a leading international centre for accountancy services
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    • 169 13 THE newly launched Singapore Qualification Programme (QP), administered by ICPAS, is designed to be the educational pathway of choice for professional accountants. The programme leads to the Chartered Accountant of Singapore designation and is in line with other jurisdictions, such as the UK and Australia, where
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  • Page 13 Advertisements
    • 56 13 NOT ALL FINANCE PROFESSIONALS COME COMPLETE Unlike some, ACCA accountants are properly grounded in all areas of business and finance including reporting, taxation and audit. This ensures truly forward looking ‘business ready’ finance professionals who can help grow your business. Find out more at www.accaglobal.com/complete or call +65 6734 8110
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  • MALAYSIA/INDONESIA
    • 665 14 It’s poised to be one of the biggest listed property firms with assets of RM15b [PETALING JAYA] IOI Properties Bhd, which is set to demerge from parent IOI Corp Bhd, will seek relisting on the main market of Bursa Malaysia to become
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    • 1478 14 VOL May 10 RM +/-(‘000) A M Realty 0.78 0.06 650 Abric Bhd ('000) Advance Synerg 0.15 0.01 5998 Adventa Bhd 0.42 0.03 779 Ae Multi Hldgs 0.23 0.02 406 Affin Holdings 3.90 0.07 931 Ahmad Zaki Res Airasia Bhd 3.03 0.02 6705 Alliance Finan 4.84 0.17 2038
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    • 468 14 Price for Indonesian bank about 4.5 times price-to-book ratio [HONG KONG] Sumitomo Mitsui Financial Group’s deal to buy a US$1.5 billion stake in Indonesia’s BTPN at high valuations marks the beginning of an aggressive push by cash-rich Japanese lenders into retail
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  • Page 14 Advertisements
    • 775 14 NORD/LB Norddeutsche Landesbank Girozentrale Head Office: Friedrichswall 10, ***** Hannover, Germany. Tel: +49 (0) 511 3610 Fax: +49 (0) 511 361 2502 Singapore Branch: 6 Shenton Way Tower 2 #16-00 Singapore *****9. Tel: 6323 1223 Fax: 6323 0223 GROUP CONSOLIDATED BALANCE SHEET 31.12.2012 31.12.2011 MEMBERS OF THE BOARD MANAGEMENT Dr.
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  • GREATER CHINA/INDIA
    • 800 15 Strong credit supply seen supporting economic recovery after slow Q1 Bloomberg [BEIJING] China’s new lo-cal-currency loans exceeded estimates last month while money supply expanded at a faster pace, a sign policy makers are maintaining credit support for the economy after first-quarter growth unexpectedly slowed. Lending
      Bloomberg; PHOTO: REUTERS  -  800 words
    • 481 15 They processed card payments for M-E banks hit in theft Reuters [DUBAI] Two companies with major operations in India were the weak links that opened the door to a US$45 million global cyber heist brought to light by US authorities last
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    • 214 15 Reuters [BEIJING] A deputy chairman of China’s top planning agency, the National Development and Reform Commission (NDRC), is under investigation for suspected “serious discipline violations”, state media said yesterday, as China’s new leaders tackle deep-rooted corruption. Liu Tienan, 59, who until March was also
      Reuters  -  214 words
  • Page 15 Advertisements
    • 84 15 i 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 and
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  • ECONOMY WATCH
    • 749 16 Treasurer will have little to offer voters wanting poll-year spending spree AFP [SYDNEY] As China slows and Australia begins its painful transition away from a decade-long mining boom, Treasurer Wayne Swan will have little to offer voters wanting an elec-tion-year spending spree
      AFP; PHOTO: AFP  -  749 words
    • 656 16 Deputy PM Nguyen Thien Nhan picked to join Politburo Bloom berg [HO CHI MINH CITY] Vietnam’s ruling Communist Party for the first time chose a US-educated government official to join its highest decision-making body, tapping a face familiar to Western investors as it
      Bloomberg  -  656 words
  • Page 16 Advertisements
    • 485 16 Transform Yourself To Be An Influential Successful Leader Who should attend: Senior and Middle Management, General Management, Supervisors, Marketing PR Consultants, and Sales and Business Development Personnel Productivity and Novation Credit (Pi g Claimable 2013 MAY SERIES FULL-DAY WORKSHOPS SPH News Centre (9.30am to 6.00pm) FULL-DAY SEMINAR SPH News Centre
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  • WORLD
    • 656 17 Websites of US banks down a record 249 hours in Feb and March WP [SAN FRANCISCO] The hackers often struck late on Fridays, starting about a year ago, sending skeleton crews at more than a dozen European banks rushing to keep bombardments of digital gibberish
      WP  -  656 words
    • 407 17 Bloomberg [WASHINGTON] US Treasury Secretary Jacob Lew said a one-time payment of US$59.4 billion from Fannie Mae will push back the deadline to raise the federal debt limit until until September. “The one-time payment that Fannie Mae has announced makes it
      Bloomberg  -  407 words
    • 530 17 Reuters [LONDON] A senior British minister yesterday said that he would support an exit from the European Union if there was a vote on the issue, as Prime Minister David Cameron faces a revolt over Europe from lawmakers in his own party. Up to
      Reuters  -  530 words
    • 579 17 AP [BARCELONA] Fernando Alonso won the Spanish Grand Prix in front of his jubilant home fans yesterday to close the gap on championship leader Sebastian Vettel and get right back in the Formula One (F1) title race. Finnish driver Kimi Raikkonen finished second
      AP; PHOTO: REUTERS  -  579 words
    • 766 18 They fear a new bubble but others say US recovery, corporate outlook justify bull market AFP [PARIS] Optimism is blowing through stock markets around the world, lifting many of them to record high levels but this contrasts with widespread economic gloom and leads
      AFP; PHOTO: REUTERS  -  766 words
    • 733 18 Paper suppliers are trying to find new sources of revenue AFP [HELSINKI] In the wake of mobile giant Nokia’s spectacular fall, another pillar of the Finnish economy is struggling to adapt to the digital age: the paper industry. As the distribution of everything
      AFP  -  733 words
    • 659 18 Reuters [BEIRUT] The economic devastation of Syria’s war could drive the economies of neighbouring Lebanon and Jordan into reverse, according to Syria’s former deputy prime minister. Pointing to the sharp slowdown in Lebanon’s economic growth since the start of Syria’s conflict in
      Reuters; PHOTO: AP  -  659 words
    • 156 18 Bloomberg [LONDON] Queen Elizabeth II should step down from the throne if she becomes too ill to rule, a Sunday Times YouGov poll showed. The 87-year-old monarch, who has been the head of state in the UK since Feb 6, 1952, should remain
      Bloomberg; PHOTO: REUTERS  -  156 words
    • 985 19 It inches towards bilateral pacts after losing market share to others Reuters [BRASILIA] Brazil campaigned hard to get the top job at the World Trade Organization but behind closed doors even it acknowledges that the WTO’s main mission pushing forward in global trade
      Reuters  -  985 words
    • 476 19 2 Omaha residents team up on publication; over 1,000 copies sold at firm’s meet Reuters [OMAHA, Nebraska] Warren Buffett’s Berkshire Hathaway Inc invests in dozens of businesses, and a new book tries to explain it all to young readers, from A
      Reuters; PHOTOS: REUTERS  -  476 words
    • 591 20 Federal Reserve chairman says possibility of a run on moneymarket funds remains Bloomberg [WASHINGTON] US Federal Reserve chairman Ben Bernanke said that risks persist in wholesale funding markets used frequently by Wall Street brokers to finance securities trading. “Important risks remain in
      Bloomberg; PHOTO: AFP  -  591 words
    • 717 20 It can cause financial instability and faster inflation, she says Reuters [JACKSON, Wyoming] The Federal Reserve should scale back US bond purchases to reduce the risks of continuing to expand its balance sheet, a senior central banker said, noting that the
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    • 333 20 Decision depends on outcome of vote to split his role Re uters [CHICAGO] JP Morgan Chase Co Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties,
      Reuters  -  333 words
    • 406 20 AFP [KANDANA, Sri Lanka] A hot cup of Ceylon tea is better known as being soothing and relaxing, but Sri Lanka is now marketing its most profitable export as a luxury boost for the libido. The tea industry is increasingly plugging
      AFP  -  406 words
    • 693 22 A sharp slowdown in Russia would drag down the regional economy, it warns Reuters [ISTANBUL] Europe’s development bank slashed its 2013 growth forecasts for emerging Europe and North Africa by almost a full percentage point, saying a sharp slowdown in Russia would drag
      Reuters; PHOTO: BLOOMBERG  -  693 words
    • 641 22 About US$1.3t lost in 30 years to illicit outflows: report AFP [CAPE TOWN] The Group of Eight (G8) economic powers must adopt tough new rules for the energy and mining sectors to tackle corruption and tax evasion that is bleeding wealth
      AFP  -  641 words
    • 1197 23 BPO firms say govt help can make the industry much more competitive Reuters [LISBON] When Nelson Craveiro lost his minimum wage job selling soft drinks last October due to Portugal’s raging economic crisis, he dared not imagine that his fluent German would soon get
      Reuters; PHOTO: REUTERS  -  1,197 words
  • Page 17 Advertisements
    • 13 17 Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements CLA/FEBII/g
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    • 141 17 Working together with Swiss International Air Lines to reach greater heights S SWISS operates daily direct flights between Singapore and Zurich with effect from 13 May 2013 ‘Local Time As Swiss International Air Lines celebrates its new ascent to greater heights, SATS is proud to be a partner in this
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  • Page 18 Advertisements
    • 342 18 BUSINESS PRODUCTIVITY SEMINAR SEEKING GROWTH IN UNCERTAIN TIMES Can businesses grow amidst an unpredictable economic outlook? Are there practical ways to achieve a healthier bottom line for 2013? Experts and entrepreneurs share how you can turn adversity into advantage in this not-to-be-missed business productivity seminar. GUEST OF HONOUR Mr Lee
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  • Page 19 Advertisements
    • 2 19 OUT NOW
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    • 188 19 OS AA GLOBAL EDUCATION Quality Education Lifetime Opportunities MACQUARIE All# UNIVERSITY W/// SYDNEY AUSTRALIA m 'JM£ '/Dll TO Alt NEXT LEVEL Master of Applied Finance Why Choose Us? Fully taught by Macquarie University y Strong practical emphasis with a focus on real world issues Excellent networking opportunities with student and
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  • Page 20 Advertisements
    • 598 20 WAR3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices AMOSCO PTE LTD (In Members’ Voluntary Liquidation) Company Reg. No. (UEN) *****3992Z NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50, that the Final Meeting of the abovenamed Company will be deemed held pursuant to section 179(6)
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    • 666 20 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF AUTOVILLE PTE. LTD. (PROVISIONAL LIQUIDATORS APPOINTED) Company Registration No. *****3740M NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATORS PURSUANT TO SECTION 291(4) OF THE COMPANIES ACT, CAP. 50 Notice is hereby given that Mr Farooq Ahmad Mann and
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    • 537 20 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (1) ZSISKA HOLDINGS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) Co. Reg. No. *****6914G (2) BIG 5 OVERSEAS INVESTMENTS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) Co. Reg. No. *****3935M Extract of the minutes by corporate representative of
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  • Page 21 Advertisements
    • 950 21 Proudly Presented by 933 A CELEBRATION OF JAPANESE CULTURE FINE CUISINE 26 APRIL TO 31 MAY 2013 rat .r GASTRONOMIC JAPAN EVENT LISTING n ti Zd* imsi f/i ?DO* VSSK A SASSICAIA WINE DINNER FEATURING CHEF KENTARO TORII 21 May I 7pm I Forlino, One Fullerton $286.40 (exclusively for payment
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  • Page 22 Advertisements
    • 97 22 AFFORDABILITY CALCULATOR Helps you determine how much loan you can get based on your budget for monthly payments. www.stproperty.sg/property-tool Key in your budget for monthly property payments Choose your loan tenure and interest rate Financing Tools AFFORDABILITY CALCULATOR Monthly Budget Loan Tenure Monthly Budget 3.5 O Maximum Loan: $445,390 O
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  • Page 23 Advertisements
    • 760 23 BgATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Independent Auditor’s Report to the Shareholders of Qatar National Bank S.A.Q. Report on Consolidated Financial Statements We have audited the accompanying consolidated financial statements of Qatar National Bank S.A.Q. (the “Bank”) and its subsidiaries (together referred to as the “Group”) which comprise
      760 words

  • AVIATION/SHIPPING
    • 709 24  -  It is working with a major airline on a 787 engineering partnership By NISHA RAMCHANDANI [SINGAPORE] Royal Brunei Airlines (RBA) is planning to set up an engineering centre to carry out maintenance, repair and overhaul (MRO) works for the Boeing 787, as it
      PHOTO: ROYAL BRUNEI  -  709 words
    • 672 24 German high-flier is third football giant THY is sponsoring AFP [ISTANBUL] Turkish Airlines has added German high-flier Borussia Dortmund to its sponsorship roster, taking fierce competition with Gulf carriers from the skies to the world’s premier football stadiums. After mythic clubs Barcelona
      AFP; PHOTO:AFP  -  672 words
    • 316 24 Reuters [LONDON] Cargill Inc’s move to order bulker ships is taking advantage of low vessel values and the US agribusiness company has no plans to become a long-term ship owner, the group’s shipping chief said. The dry bulk shipping market
      Reuters  -  316 words
    • 548 24 Reuters [WASHINGTON] Boeing Co could keep building its Super Hornet fighter jet and a modified electronic attack version through 2020, the company said, given prospects for over 200 foreign sales and what it sees as up to 150 more sales to
      Reuters  -  548 words
    • 240 24 SGX '000 May 10 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.27 unch 50 Cosco Corp 0.82 0.01 2234 Ezra Hldgs 1.02 0.02 6876 First Ship Lea 0.13 unch 80 Freight Links 0.09 unch ***** Grand Banks 0.37 0.05 2 Jaya Hold Ltd Chuan Hup Hldg K1Ventures
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  • Page 24 Miscellaneous
    • 344 24 CRYPTIC CROSSWORD Across 1 Type of egg dish (6) 4 Hypocritical couple dealt with (3-5) 10 Pole received by more mature artist (3,6) 11 Haggard, relative after touch of gout (5) 12 Players must hold an ace in this game (7) 13 Base of British Legion abroad (7) 14 Volley
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  • DINING OUT
    • 895 25  -  By Jaime Ee NEW RESTAURANT Burnt Ends 20 Teck Lim Road Tel: 6224-3933 Open Monday to Saturday: 6pm to midnight I OWN a sous vide machine. Mighty proud of my purchase too finally, a foolproof way to make perfect soft-boiled eggs just by
      PHOTOS: JAIME EE; PHOTO: DEBBIE YONG  -  895 words
  • Page 25 Advertisements
    • 208 25 U always! like us on D facebook/ufmlOOS follow us on twitter@ufml003 www.uf m 1003.sg UFM 100.5 /'S i If o U SHINE Take a step back. Reflect on life. As we get caught up in the hustle and bustle of daily life, let's pause and be thankful for all that
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  • SINGAPORE STOCKS
    • 3467 26 Week ended: May 10 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 AAT Vol ('000) 10.4 7 AEM High Low Buyer Seller 184 106 AIMSAMPIReit 184 +4 6012 184 174.5 183
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    • 287 27 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 $mil Last 3 1.3 t Advanced System 1.5 -0.1 3184 1.7 1.5 1.5 1.6 23.8 Week Last Quote Div Gr Yld Net M Cap High
      287 words
    • 116 27 Stock name Close Change CapMallsAsia 2.020 +0.010 CapitaLand 3.820 +0.040 CapitaMall 2.340 -0.020 CityDev 11.500 +0.070 ComfortDelGro 1.980 DBS Grp 17.900 +0.200 GLP 2.880 -0.010 Genting SP 1.515 +0.020 Golden Agri 0.540 -0.005 HK Land 7.370 -0.100 Stock name Close Change HPH Trust US$ 0.835 JMH
      116 words
    • 2081 27 Transaction date: May 10 HONG KONG Vol HK$ +/-'000 Aeon Credit 8.59 unch 2 Aeon Stores '000 Angang Steel 5.11 0.08 ***** Anhui Conch Anhuiexpresswa 4.45 -0.03 2748 Asia Satellite 29.00 unch 6 Asm Pacific unch Bank Of E Asia 31.95 0.10 2542 Beida Jade Bir 0.32 unch
      2,081 words
    • 264 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A40 +1 393 40.5 38.5 40 40.5 3.6 8.8 3.2 145.8 52 30 Genting HK US$ US51 +1.5 ***** 52 48 51 51.5 3358.1
      264 words
    • 186 27 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 3 0 0 0 11 2 3 Manufacturing 105 60 31 17 9 11 122 69 42 Commerce 34 25 16 11 4 3 45 29 19 Tpt/Stor/Comms 29 12 5
      186 words
    • 1068 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 119 -1 66 120.2 119 118.6 120 543.2 136.8 120.4 CIMB APAC Div 100S$D 136.8 141.9 142.8 114.4 95.8 CIMB
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    • 123 27 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 233,983 233,983 734,273 734,273 Manufacturing 1,987,944 1,157,722 3,145,666 1,189,857 59,098 1,248,955 Commerce 1,487,944 567,610 2,055,554 587,167 43,265 630,432 Tpt/Stor/Comms 643,133 75,288 718,421 873,794 28,617 902,411 Finance 584,313 7,155 591,468 1,071,234 3,657 1,074,891 Construction 718,493 334,582
      123 words

  • Page 27 Advertisements
    • 26 27 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
      26 words

  • FINANCE & COMMODITIES
    • 640 28 May 10 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.24 *****.81 *****.74 Jun13 *****.00 *****.00 *****.00 *****.00 *****4 *****7 Sep13 *****.00 *****.00 *****.00 *****.00 172 3928 MSCI TAIWAN INDEX FUTURES SPOT 300.23 300.37 298.53 May13 301.10 301.80 299.50 300.60 ***** *****4 Jun13 300.60
      640 words
    • 373 28 In local curr In S$ In US$ dy yr dy yr dy yr May 10 Index Change Change Change Change Change Change World Preliminary 1073.3 0.4 14.4 0.5 13.1 -0.2 11.5 EAFE Preliminary 900.9 0.9 16.3 0.3 11.2 -0.5 9.6 Europe Preliminary 1269.3 0.5 10.6
      373 words
    • 476 28 May 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 6.173 0.771 7.801 54.862 97.891 1.018 11.120 3.003 1.203 98.917 41.336 1.243 9.105 0.958 29.948 29.876 0.651 1.005 Canada 0.986 6.084
      476 words
    • 73 28 May 10 (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$) 0.***** 3 mths 3 mths 0.***** May 6 mths 9 mths 9 mths 12 mths 12 mths
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    • 137 28 May 10 GOLD(US$/oz) May 09 May 10 Hong Kong 1478.30 1462.40 May 10 May 09 London 1423.10 1464.96 1423.85 1465.76 Source: Thomson Reuters CAST BAR May 10 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130 58 5gm 370 289 10gm 660 578
      137 words
    • 90 28 May 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 12-Aug-13 0.24 6-Month BS*****N 01-Nov-13 0.25 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.07 5-Year N*****0T 2.375 01-Apr-17 100.02
      90 words
    • 57 28 May 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2289.0 2290.0 2290.0 2280.0 31 1183 Jun 13 2298.0 2305.0 2324.0 2295.0 1384 6729 Jul 13 2297.0 2319.0 2334.0 2296.0 ***** ***** Aug 13 2294.0 2316.0
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    • 157 28 May 10 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2425 1.2439 1.0051 1.0054 Canadian dollar 1.2246 1.2260 0.9910 0.9906 Euro 1.6111 1.6127 1.3033 1.3035 NZ dollar 1.0324 1.0337 0.8351 0.8355 Sterling pound 1.9088 1.9105
      157 words
    • 110 28 May 10 May SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1488.25 1491.25 1503.75 1481.00 Jul 13 1399.00 1408.75 1419.50 1390.00 Aug 13 1330.00 1340.00 1349.50 1321.50 Sep 13 1254.25 1264.25 1271.75 1245.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May
      110 words
    • 95 28 May 10 COCOA (£/tonne) Close Prev High Low May 13 1541 1554 1557 1531 Jul 13 1527 1542 1546 1527 Sep 13 1534 1549 1552 1534 Dec 13 1540 1554 1559 1540 COFFEE(US$/tonne) Close Prev High Low May 13 1981 1992 2034 1986 Jul 13 2031 2043 2071 2027
      95 words
    • 70 28 CRUDE OIL PRODUCTS May 09 May CRUDE(FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.89 0.07 WTI (Near Mth) 95.92 -0.60 Dubai (1-Mth F) 100.70 -0.24 Tapis blend 108.99 -0.72 Minas 101.79 -0.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.28 0.06 Jet Kerosene 116.25 0.41 US$/barrel OpecOil Basket
      70 words
    • 25 28 May 10 May s$ Bid Offer 1-month 1.2362 1.2372 2-months 1.2361 1.2372 3-months 1.2361 1.2372 6-months 1.2358 1.2369 Source: OCBC Source: OCBC
      25 words
    • 66 28 May 10 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1843.25 1862.00 3 months 1870.00 1890.00 Copper, Grade A(US$/tonne) Cash 7355.50 7331.00 3 months 7375.00 7354.00 Lead(US$/tonne) Cash 1974.50 1995.75 3 months 1994.00 2015.50 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
      66 words
    • 1098 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left C000) Albedo Limited W*****9 0.8 unch ***** Ratio Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 2.2 0.9 6 1 27 38 BakerTech W*****5 12.6 -2.2 959 1 27 28 2.46
      1,098 words
    • 127 28 As at 9am May 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.272 1.212 Can dollar 1.248 1.200 Euro 1.645 1.567 Sterling pound 1.942 1.868 NZ dollar 1.059 1.019 US dollar 1.258 1.199 Local dollars to 100 units of foreign
      127 words
    • 157 28 May 10 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.04 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12
      157 words

  • 2624 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 STXPO TBN Camden/New
    2,624 words
  • Page 29 Advertisements
    • 139 29 J e b e lA Shanghai■ LaemChabang■ Chittagong li Port Klang J e d d a h B r i s b a n e H a m b a n t o t a NYK RORO Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia,
      139 words
    • 17 29 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times
      17 words

  • Page 30 Advertisements


  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 1230 32  -  In doing so, the bank was able to forecast when ATMs would run out, reports VICTORIA HO LAST year, Singapore’s largest bank, DBS, decided to solve a simple but common problem for banks to eliminate the chances of customers going to an
      1,230 words
    • 985 31  -  Full industry adoption of energy efficient technology, initiatives and procedures is key By AMIT ROY CHOUDHURY WITH the world becoming digitised, data centres (DCs) have assumed the role of vital cogs in the IT infrastructure. DCs are today one of the fastest
      985 words
    • 614 31  -  By NG SAI YING, AMANDA TAN SINCE the announcement of the new Adobe Creative Cloud (CC) in April 2012, the membership-based service has had more than half a million paid members, with well over two million creatives on a 30-day membership trial. With its
      614 words
    • 306 31  -  Ultra-slim form will house large capacity high performance By NG SAI YING WESTERN Digital (WD) and SanDisk recently announced plans for collaboration to introduce hybrid storage devices that combine the high performance of flash memory with the large capacity and low cost
      306 words
    • 411 31  -  By AMANDA TAN CLOUD computing and storage are catching on in a big way with Asia-Pacific businesses, which are also more on the move. Corporate spending on cloud and data centre infrastructure in the region hit almost US$10 billion last year, up
      411 words
    • 913 31  -  It is looking to follow its Japanese customers as they grow operations abroad By VICTORIA HO WITH Japanese companies looking to expand abroad, especially in the Asia-Pacific region, Japanese data centre owner KVH is also looking to follow suit in order to
      913 words
  • Page 32 Advertisements
    • 62 32 Deutsche Bank db.com Only a strong bank can be a good partner. This advertisement has been approved and/or communicated by Deutsche Bank AG and appears as a matter of record only. The services described in this advertisement are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in
      62 words