The Business Times, 27 May 2013
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2013-05-27
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The Business Times
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Title Section25 2013-05-27 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, May 27, 201325 words
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Article, Illustration1149 2013-05-27 1 TEH HOOI LING - ‘Handshakes’ increases transparency by showing associations involving listed entities By TEH HOOI LING [SINGAPORE] Two ex-Sin-gapore Exchange regulators have developed a system that promises to bring a whole new level of transparency to the capital market in Singapore. “Handshakes” has electronically uploadedPHOTO: ARTHUR LEE - 1,149 words
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MARKETS DIGEST
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Article57 2013-05-27 1 Weekly Change ST INDEX 3,393.17 -56.13 KL COMP 1,773.06 +3.90 NIKKEI 225 14,612.45 -525.67 HANG SENG 22,618.67 -464.01 SET INDEX 1,607.46 -20.50 JAKARTA COMP 5,155.09 +9.41 MANILA COMP 7,268.91 -10.96 SEOUL COMP 1,973.45 -13.36 SHENZHEN B 862.16 -2.01 MUMBAI IND 19,704.33 -581.79 DOW 15,303.10 -51.30 NASDAQ 3,459.14 -39.83 S&P57 words
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Article22 2013-05-27 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 13.163 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg22 words
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Article49 2013-05-27 1 US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.505 1.906 EURO (US$/S$/E) 1.287 1.630 Foreign currency per US$ S$ YEN 101.80 80.40 RM 3.038 2.398 HK$ 7.763 6.128 BAHT 29.98 23.66 RUPIAH 9,773 7,714 RENMINBI 6.135 4.843 INDIAN RUPEE 55.85 44.08 A$ 1.038 0.820 NZ$ 1.245 0.98349 words
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601 2013-05-27 1 JEFF PAO - It will raise yuan deposit rate rivalry involving HK, Taiwan By JEFF PAO EJ Insight [HONG KONG] The launch of yuan clearing services in Singapore today by Industrial and Commercial Bank of China (ICBC) is likely to intensify the yuan deposit rateEJ Insight - 601 words
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Page 1 Advertisements
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Advertisement143 2013-05-27 1 MARINA BAY Rents heading north over longer term PAGE 4 YOUNG INVESTORS’ FORUM Get answers to financial planning questions easily PAGE 10 VIEWS FROM THE TOP A local core in finance PAGES 12-13 DINING OUT Kaiseki that’s palatably priced PAGE 25 BT WEBSITES For breaking news, go to businesstimes.com.sg. For143 words
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TOP STORIES
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759 2013-05-27 2 ROB CURRAN - US may improve growth rate despite slowdown in global trade: economists WALL STREET INSIGHT By ROB CURRAN US STOCKS finished last week with minor losses, despite major blows from the US Federal Reserve, China and Japan. First, the Fed chairman Ben Bernanke might759 words
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731 2013-05-27 2 ANTHONY ROWLEY - KL still looking East but to Korea and China, not Japan By ANTHONY ROWLEY in Tokyo MALAYSIA is still “Looking East”, except that it is no longer looking to Japan but to South Korea and to China for guidance on its own731 words
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Article, Illustration540 2013-05-27 2 ANTHONY ROWLEY - They have sufficient buffer against potential losses By ANTHONY ROWLEY in Tokyo WITH an eye to calming the Japanese government bond market, which was in turmoil for much of last week, Bank of Japan governor Haruhiko Kuroda offered assurances yesterday that540 words
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Article470 2013-05-27 2 System to join dots in the capital market TWO former Singapore Exchange regulators have developed a system that promises to bring a whole new level of transparency to the capital market in Singapore. “Handshakes”, has electronically uploaded information disclosed in some 16,000 documents going as far back to470 words
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Article, Illustration1335 2013-05-27 4 MINDY TAN - Average gross rents for Grade A offices in the Marina Bay area have commanded a premium of 17.5 per cent over those at Raffles Place in the first quarter of this year, reports MINDY TAN MINDY TAN E EVEN as businessesST FILE PHOTO - 1,335 words
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430 2013-05-27 4 HE large column-free floor plates offered by most buildings in the Marina Bay area have been a boon to companies, affording them the luxury of choice between traditional “cell-based” models to modern open-plan models that include hot desking, break-out areas and spaces for430 words
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Advertisement293 2013-05-27 2 I take giant strides forward with a British education. It*s my choice. In today’s world, it takes a different perspective to make a difference. At Kaplan, through our collaborations with Northumbria University, you can obtain a Joint Honours degree that offers double specialisations with direct honours in only 16 months.293 words
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Advertisement19 2013-05-27 2 The best pure-play private bank in Asia EFG 0 Bank Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com19 words
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Advertisement106 2013-05-27 3 GAME CHANGERS d k A IN 2010, 234 STUDENTS WHO ATTENDED LESSONS AT THE LEARNING LAB AGED THE PSLE NATIONAL EXAMINATION BY ATTAINING TOP SCORES IN THE 2 8 0s, 2 70s AND 2 60s. AMONG THEM WERE THE TOP TWO SCORERS NATIONWIDE, IN 2011, 295 TLL STUDENTS, INCLUDING THE106 words
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Advertisement157 2013-05-27 5 rm p ym I f y.f efessfoSS SS5: OS Ay/-'.. S t ft* HI p r V •v _J- u > sp (V) s* ■Si f c* V *r y "N L. U*, i J. v l r* I r j;" ■> V V > j 1 ;v s;.. V157 words
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COMPANY NEWS
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Article, Illustration369 2013-05-27 6 NISHA RAMCHANDANI - Full-year earnings fall 19% to $10.5m despite 7.9% rise in revenue By NISHA RAMCHANDANI GAYLIN Holdings reported a 16.2 per cent slide in net profit to $3.43 million for the fourth quarter ended March 31, 2013, on the back of higher costsPHOTO: GAYLIN HOLDINGS - 369 words
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331 2013-05-27 6 NISHA RAMCHANDANI - Group redeploying funds tied up in hotel project for other developments By NISHA RAMCHANDANI CHINA Yuanbang Property Holdings says its unit has inked a deal to sell a hotel property currently being developed in Jiangxi Province, China, for 268 million yuan (S$55.2 million).331 words
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Article292 2013-05-27 6 May 23 BANKS Agricultural Bank Of China Agricultural Bank Of China 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited 5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a Barclays Bank292 words
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Article235 2013-05-27 6 COMPANY MEETING PLACE DATE TIME Ascott Residence E STI Auditorium 168 Robinson Road Level 9 Capital Tower 30-May 10.30am Neo Group A Singapore Flyer Bay View Room 1 Level 2 30 Raffles Avenue 30-May 11.30am Darco Water Tech A Cliftons Singapore 108 Robinson Road Level 11 The Finexis235 words
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Article1366 2013-05-27 6 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 AEM Hldgs ak 0.350 05-Jun 07-Jun 21-Jun 25-Feb Amara Hldgs an 0.600 11-Jun 13-Jun 26-Jun 10-Apr Annaik Ltd an 0.300 13-May 15-May1,366 words
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Article, Illustration1637 2013-05-27 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying remained high, while the selling among directors was flat for the third straight week, based on filings on Singapore Exchange during the holiday-short-ened week of May 20 to1,637 words
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Article18 2013-05-27 7 Branchen Stars R1C-A 17/05/2013 195,65 EUR I db X-MACRO Trading Index Fund I4D 15/05/2013 91,00 GBP18 words
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Advertisement73 2013-05-27 6 a£i H SINGAPORE PRESS HOLDINGS Catch up with the Latest Business News with AsiaOne smartphone app STOCK Pay attention to pllj KgL health-. UN urges Malaysians amol top workaholics SINGAPORE h ■iseroent Experiences 3 home&A'N a V o" ets D 60% health Hi H H iPhone Download the app for73 words
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Advertisement24 2013-05-27 6 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES CLA/30MAR05/GAN24 words
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Advertisement81 2013-05-27 7 CAPITAL SQUARE COMPLETION OF ASSET ENHANCEMENT Capital Square celebrates the completion of its recent asset enhancement to deliver a better experience for tenants and customers JOINTLY OWNED BY! ASSET MANAGER! ntuc income Pacific Champion Group Limited alpha Investment Partners Limited CONGRATULATIONS FROM YOUR PARTNERS! L J zl SHANGHAI CHONG KEE81 words
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SINGAPORE MARKETS
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Article, Illustration608 2013-05-27 8 KENNETH LIM - STOCKS KENNETH LIM Correspondent JUST as “quantitative easing” (QE) has become part of the vernacular, “tapering” could become the buzzword for the coming days as investors begin to contemplate the possible waning of US monetary stimulus. US stock indices had their first negative week in about608 words
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517 2013-05-27 8 CURRENCIES Bloomberg [NEW YORK] The yen last week rallied the most in a year against the US dollar as speculation that the US Federal Reserve will reduce stimulus that has boosted global markets spurred declines in riskier assets that may haveBloomberg - 517 words
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Article1398 2013-05-27 8 Consensus No. of Forecast Mean Thu’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 1.75 4 9.80 17.70 1.82 1.74 Amtek Engineering Ltd 3.25 3.25 4 0.05 7.77 0.60 0.50 ARA Asset Management 2.57 2.571,398 words
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Article71 2013-05-27 8 May 23 VALUE CLOSE BT OB/OS -96.00-399.00 BT CADI -*****.00-388.00 BT 10-day MA -*****.00 -9.00 FTSE ST Mid Cap 824.18 -24.53 FTSE ST Small Cap 590.60 -18.29 FTSE ST All Share 833.42 -17.40 FTSE ST China Top 213.91 -4.86 FTSE ST China 244.81 -4.95 FTSE ST Catalist71 words
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Article53 2013-05-27 8 VOLUME YHM 912,206,000 WE Hldgs 712,146,000 Innopac 492,890,000 Cedar 473,569,000 Ntegrator 446,713,000 New Wave 404,917,000 LifeBrandz 284,545,000 Kep REIT 274,751,000 ComfortDelGro 259,735,000 NexGenSCom 256,999,000 VALUE($) ComfortDelGro 506,011,015 Kep REIT 424,757,460 SingTel 357,940,495 DBS Grp 320,721,999 Keppel Corp 223,502,673 UOB 216,424,082 GLP 202,117,216 CapitaLand 183,850,740 JSH 149,635,874 Thai53 words
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565 2013-05-27 8 COMMODITIES AFP [LONDON] Commodity prices mostly fell last week as traders balanced weak Chinese data against signs that the US Federal Reserve could curtail its quantitative easing stimulus policy sooner rather than later. Fed chairman Ben Bernanke told Congress on Wednesday that theAFP - 565 words
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Article118 2013-05-27 8 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 1585.5 5.3 SPDRS S&P 500 10US$ ***** 1325.9 6.7 IS S&P500 ***** 176.0 0.8 Jardine C&C 4686 107.0 2.3 GLD 10US$ ***** 105.1 0.6 DBXT MSUSA 10US$ 4084 88.7 1.7 Lyxor AsiaRE 10US$ 1131 60.8 4.4 DBXT S&P500 10US$ 2684 58.3118 words
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Article124 2013-05-27 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -682.6 -4.7 DBXT USDIGInfl 5US$ ***** -515.4 -1.4 JMH 6615 -186.2 -2.2 DBXT MSKorea 10US$ 5652 -107.6 -1.5 DBXT MSJAP 10US$ 4578 -106.4 -1.8 DBXT MSTHAI 10US$ 2288 -74.7 -2.5 Hyflux 6% CPS 10 ***** -65.0 -0.6 JSH 4016 -62.1 -1.2124 words
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SINGAPORE NEWS
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Article, Illustration888 2013-05-27 9 NG ZHUO YANG - More companies mark milestones by giving a hand to the less privileged By NG ZHUO YANG DESIGNATING an entire day for a company’s staff to be off from work might not seem to make economic sense. But the sums certainly did add up888 words
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Article372 2013-05-27 9 AMANDA TAN - Proceeds from May 29 dinner at Palio go to charity By AMANDA TAN IF you ever needed a good reason to eat that extra slice of pizza or down that extra large glass of beer other than to satiate your own desires, you372 words
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Advertisement84 2013-05-27 9 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 and84 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1775 2013-05-27 10 CAI HAOXIANG - Plugging in just four inputs into a financial calculator, or a spreadsheet programme, can help you plan out the rest of your life, writes CAI HAOXIANG CAI HAOXIANG LAST week, we discussed how financial planning is like time travel. We move forward inFILE PHOTO - 1,775 words
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Article, Illustration1160 2013-05-27 10 CAI HAOXIANG - The cost of basic items has stayed below the rate at which wages have increased MONDAY MULTIPLE CAI HAOXIANG Correspondent I was walking around the neighbourhood when I noticed something unusual. A new shop had sprung up offering a “closing down sale”. A long line hadFILE PHOTO - 1,160 words
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Page 10 Advertisements
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Advertisement156 2013-05-27 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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DIVERSITY: A COMPETITIVE EDGE
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Article, Illustration873 2013-05-27 11 KAN KWOK LEONG - A diverse talent pool is critical for improving performance in both the finance function and the broader organisation, say industry experts. ByKAN KAN KWOK LEONG A SINGAPOREAN female lawyer who had been appointed to the board of a Global Fortune 500 company in Europe was approachedPHOTO: ACCA - 873 words
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Article219 2013-05-27 11 KAREN Blal, the managing director of training and consulting firm Trompenaars Hampden-Turner Asia, provides examples of how diversity can improve business performance. NDiverse perspectives lead to innovation. Companies that drive innovation by leveraging employee ideas and knowledge meet product revenue targets 46 per cent more219 words
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Article257 2013-05-27 11 The ACCA report, “Building a better business through finance diversity”, gives several reasons why having finance professionals with a range of different skills and backgrounds is important. NA changing role for chief financial officers requires more diverse skills. Today’s CFO needs to balance traditional custodial and257 words
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Page 11 Advertisements
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Advertisement56 2013-05-27 11 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 811056 words
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VIEWS FROM THE TOP
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Article, Illustration3520 2013-05-27 12 THIS WEEK’S TOPIC What are the advantages to Singapore's financial industry, and Singapore generally, of having a larger core of homegrown financial specialists and leaders? What needs to be done to make this a reality? Ray Ferguson CEO, Singapore Standard Chartered IN order for SingaporeSTOCK.XCHNG - 3,520 words
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Page 13 Advertisements
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Advertisement41 2013-05-27 13 Anand Yang Professor of History University of Washington Toby O’Connor CEO Islamic Bank of Asia Ben Simpfendorfer Managing Director and Founder Silk Road Associates Farish Noor Associate Professor Nanyang Technological University Barbara Watson Andaya Professor of Asian Studies University of Hawai‘i41 words
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MALAYSIA/INDONESIA
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Article, Illustration453 2013-05-27 14 Investment for new theme park with nine different water-based rides [KUALA LUMPUR] Sunway Bhd is investing up to RM100 million (S$41.7 million) to expand Sunway Lagoon, Malaysia’s premier water theme park in Bandar Sunway, Selangor, Malaysia’s Business Times reported. It is understood that Sunway is453 words
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Article, Illustration922 2013-05-27 14 Indonesian developer has US$1.8b fortune Bloomberg [JAKARTA] Not many finance professionals who cover Indonesia’s biggest property companies have heard of The Ning King, the 82-year-old founder of closely held Indonesian conglomerate Argo Manunggal Group. Mr The pronounced Tay owns half of PT Alam SuteraBloomberg; PHOTO: BLOOMBERG - 922 words
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Article1421 2013-05-27 14 VOL May 23 RM +/-(‘000) VOL Advance Synerg 0.15 -0.01 1618 Adventa Bhd 0.80 Ae Multi Hldgs 0.23 -0.01 703 Affin Holdings 4.07 -0.08 2794 Ahmad Zaki Res 0.25 Airasia Bhd 3.21 -0.03 ***** Alliance Finan 4.94 -0.02 1309 Aluminium Co 0.15 Amalgamated In 1618 Ammb Hldgs Bhd1,421 words
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Advertisement1370 2013-05-27 14 *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Head Office No. 46, Guancian Rd., Jhongjheng District, Taipei City *****, Taiwan (Republic of China) Singapore Branch 80, Raffles Place, #34-01, UOB Plaza 1, Singapore *****4. Tel: +65 *****555 B O A R D O F D I R E C TO1,370 words
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GREATER CHINA/INDIA
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Article, Illustration975 2013-05-27 15 Commentators say he is inept; members of his own party call for his resignation NYT [NEW DELHI] He speaks so softly that even his public comments are sometimes nearly inaudible. He has not held a formal news conference in India since 2011. And a packNYT; PHOTO: AP - 975 words
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530 2013-05-27 15 AFP [BERLIN] China’s Premier Li Keqiang arrived in Germany yesterday for talks with German Chancellor Angela Merkel as the close economic partners seek to weather a brewing trade spat between Beijing and the EU, and forge deeper ties. The newAFP - 530 words
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574 2013-05-27 15 Overcapacity, inefficient cost control cited Xinhua [BEIJING] With China’s state-owned enterprises (SOEs) posting growth of just 5.3 per cent from January to April this year, prospects for the SOEs’ profitability in 2013 remain poor, analysts said. The SOEs saw their total profit growthXinhua - 574 words
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Advertisement717 2013-05-27 15 citibank STATEMENT OF FINANCIAL POSITION CITIBANK SINGAPORE LIMITED INCOME STATEMENT CITIBANK SINGAPORE LIMITED INDEPENDENT AUDITORS' REPORT DECEMBER 31, Notes to the accounts which form an integral part of the financial statements can be obtained upon request from our Singapore Branch, YEAR ENDED DECEMBER 31, 2012 2011 S$'000 S$'000 CAPITAL ADEQUACY717 words
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Advertisement308 2013-05-27 16 / 17 CONGRATULATIONS on the successful listing of SOIBUILD CONSTRUCTION GROUP LTD on the Mainboard of the Singapore Exchange Securities Trading Limited Si! s SsSSsSS mi missssm g |||i immm Sfl II I p s! ii mi" ill (jil Fx, [j II II us 36-years of proven track record in Construction, Design308 words
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ECONOMY WATCH
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Article, Illustration786 2013-05-27 18 PM Li challenges punitive EU import duties on Chinese solar panels AFP [BERNE] Applauded by Switzerland’s business sector, the country’s free-trade deal with China is heavy with symbolism, coming as Beijing locks horns with the European Union in a raft ofAFP; PHOTO: AP - 786 words
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547 2013-05-27 18 Imports, subsidies lift deficits amid poor investment Reuters [AMMAN] Arab Spring countries face rising social tensions that could thwart an early economic recovery from over two years of political turmoil that has worsened fiscal pressures and threatens macroeconomic stability, a senior IMFReuters - 547 words
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Advertisement72 2013-05-27 18 Creating Experience. Value. Partnerships We bring Inspiration, Innovation, Value to your business! Myanmar O We help you make a mark in the Myammar sector: Hospitality&Tourism Urban Development Banking Finance Logistics Supply Chain Leverage on our 2013 conferences today. Organised by: sphere SINGAPORE PRESS HOLDINGS Find out more about the events72 words
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Advertisement77 2013-05-27 18 JUNE ISSUE OUT NOW! 4 WEEK Ifat I [SHREDDER BUILD A ROCK-SOLID BODY WITH JUST DUMBBELLS GO MENTAL! UNLEASH YOUR BRAIN S POTENTIAL r PLATEAU PRISON BRKAKI THE TOUGHEST WORKOUT YOU HAVEN'T TRIED ct- FIN 1N25MIN ALL YOUR r, WORST. S GYM. ADVICE. I EVER. 4* THE PERFECT STEAK POST-GYM77 words
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WORLD
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Article, Illustration454 2013-05-27 19 Part of new loan for industrial zone developed by Japanese firms Reuters [YANGON] Japan yesterday endorsed Myanmar’s reform programme by writing off nearly US$2 billion in debt and extending new aid, some of which will help support an industrial zone beingReuters - 454 words
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363 2013-05-27 19 Nguyen Phan Chanh work initially valued at £50 by mistake Bloomberg [HONG KONG] A painting that was initially valued at just £50 (S$96) sold for HK$ 3.0 3 million (S$494,000), setting a record for a Vietnamese artist’s work at Christie’s International in Hong KongBloomberg - 363 words
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Article, Illustration459 2013-05-27 19 AFP [MONACO] Nico Rosberg became the first son of a former Monaco Grand Prix winner to triumph on the streets of the Mediterranean principality when he drove his Mercedes to an accomplished victory yesterday. In a chaotic race littered with accidents, red flagsAFP; PHOTO: REUTERS - 459 words
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Article, Illustration765 2013-05-27 20 One in nine of the 607,380 bridges in the US rated structurally deficient Bloomberg [WASHINGTON] The collapse of a US interstate highway bridge north of Seattle highlights the deteriorating state of the country’s infrastructure, even following US$48.1 billion in economic stimulus funds andBloomberg; PHOTO: AP - 765 words
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Article, Illustration733 2013-05-27 21 It has weathered the crisis better than rivals, and has a number of advantages AFP [FRANKFURT] With banking union brewing and London mulling an EU exit, is Frankfurt ready to take on the mantle as Europe’s unchallenged financial capital? Although the epicentre of theAFP; PHOTO: AFP - 733 words
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Article, Illustration586 2013-05-27 22 ‘March against Monsanto’ held in 436 cities, claim the organisers AP [LOS ANGELES] Protesters rallied in dozens of cities as part of a global protest against seed giant Monsanto and the genetically modified food it produces. Organisers said “March against Monsanto” protests were held inAP; PHOTO: AFP - 586 words
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518 2013-05-27 22 Police brought in to stem riots in suburbs home to immigrants Reu ters [STOCKHOLM] After nearly a week of car-burnings and vandalism that have highlighted growing inequality in Swedish society, Sweden’s capital returned to some semblance of calm with only isolated incidentsReuters - 518 words
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Advertisement994 2013-05-27 19 cfti CONSOLIDATED BALANCE SHEET CITIGROUP INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME CITIGROUP INC. AND SUBSIDIARIES In millions of US dollars, except shares and per share amounts Liabilities Non-interest-bearing deposits in U.S. offices Interest-bearing deposits in U.S. offices (including S889 and S848 as of December 31, 2012 and December 31,994 words
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Advertisement1076 2013-05-27 20 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Philippine National Bank and Subsidiaries CONSOLIDATED STATEMENT OF CONDITION CONSOLIDATED STATEMENT OF INCOME As of December 31, 2012 with Comparative Figures for 2011 (In Thousand Pesos) 240,854,377 237,533,938 Financial Liabilities at Fair Value Through Profit or Loss Bills and Acceptances Payable Accrued Taxes,1,076 words
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Advertisement709 2013-05-27 20 n DZBANK Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Platz der Republik, ***** Frankfurt am Main, Germany, www.dzbank.com Singapore Branch 50 Raffles Place, #43-01, Singapore Land Tower, Singapore *****3 Members Of The Board Of Managing Directors Wolfgang Kirsch, Chief Executive Officer Lars Hille Albrecht Merz Wolfgang Kohler Thomas Ullrich Hans-Theo Macke Frank709 words
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Advertisement1649 2013-05-27 21 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices FIRST COMMERCIAL BANK, LTD. (Incorporated with limited liability in Taipei, Taiwan, R.O.C.) BALANCE SHEETS as of December 31, 2012 and 2011 NT$,000 2012 2011 ASSETS Cash and cash equivalents 50,505,404 44,491,496 Due from the Central Bank and other banks 119,882,099 125,581,228 Financial1,649 words
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Advertisement192 2013-05-27 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JINYIHUAPTE. LTD. Company Registration No. *****4466K (In Members’ Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap.50, that a Final Meeting of the Members of the192 words
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Advertisement838 2013-05-27 21 HSH NORDBANK Incorporated in the Federal Republic of Germany Financial Accounts for the Year 2012 Regulatory Capital Ratios after adoption of the 2012 financial statements Group Statement of Income for the period 1 January to 31 December 2012 Group Statement of Comprehensive Income for the period 1 January to 31838 words
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Advertisement611 2013-05-27 22 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Bankof America Report of Independent Registered Public Accounting Firm To the Board of Directors and Shareholders of Bank of America Corporation: In our opinion, the accompanying Consolidated Balance Sheet and the related Consolidated Statement of Income, Consolidated Statement of Comprehensive Income, Consolidated611 words
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Advertisement783 2013-05-27 22 ASPIAL CORPORATION LIMITED (Company Registration No: *****1030G) (Incorporated in the Republic of Singapore) NOTICE OF ADJOURNMENT OF MEETINGS of the holders of S$85,000,000 5.00 per cent. Notes due 2015 (the “Series 1 Notes”) and S$65,000,000 4.50 per cent. Notes due 2014 (the “Series 2 Notes”) (together, the “Notes”, and each783 words
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Advertisement172 2013-05-27 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TELELOGIC SOFTWARE SINGAPORE PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****8786W) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts or claims172 words
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Advertisement183 2013-05-27 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF YOKOGAWA MANAGEMENT SERVICES SINGAPORE PTE, LTD, (IN MEMBERS'VOLUNTARY LIQUIDATION) (COMPANYREGISTRATION NO. *****3876C) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the183 words
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Advertisement377 2013-05-27 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTEGRITAS SG MEDICAL CONSULTANTS PTE. LTD. (Company Registration No. *****1574H) (In Members’ Voluntary Liquidation) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN that the creditors of INTEGRITAS SG MEDICAL CONSULTANTS PTE. LTD., which is being voluntarily wound377 words
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Advertisement331 2013-05-27 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND THE COMPANIES (WINDING UP) RULES AND IN THE MATTER OF SKKA PTE LTD (formerly known as Sembenviro KK Asia Pte. Ltd.) (RC NO. *****2564W) (IN CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE TO MEMBERS AND CREDITORS OF FINAL MEETING NOTICE IS HEREBY GIVEN331 words
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Advertisement205 2013-05-27 23 R. V 1 V < >- -T-T'-m r N r v-. *1 rt M\. < :U. *«r m nIj m t VfA i \y k A' <. i' t 4 f j j.sy iis W, /&> 4 1 i s daAtmg frac& aaaCfattA, the i 1/ IL ¥TV v m205 words
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AVIATION/SHIPPING
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549 2013-05-27 24 Western provinces set to benefit greatly once Dawei is fully operational NEWS ANALYSIS Xinhua [BANGKOK] With the opening of Dawei’s deep-sea port in Myanmar, Thailand’s western part is poised to become a logistics and transportation hub as well as tourist destination, according toXinhua - 549 words
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Article, Illustration636 2013-05-27 24 Reu ters [MONACO] AirAsia, which smashed order records for Airbus jets to become Asia’s largest budget carrier, could buy another 50 planes as it targets aggressive expansion in India, chief executive Tony Fernandes said. Discussion of an order for another 50Reuters; PHOTO: BLOOMBERG - 636 words
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400 2013-05-27 24 Reuters [LONDON] Struggling British airline Flybe Group will quit its main London hub at Gatwick airport and has pushed back the delivery of 16 new aircraft to help it return to profitability. Europe’s largest regional airline also said it had axedReuters - 400 words
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Page 24 Advertisements
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Advertisement187 2013-05-27 24 NOTICE TO TRADE RATE RESTORATION Singapore/PortKlangtoKolkata/Haldiaandviceversa As part of the Business Plan for 2013, we will be implementing a rate restoration for Singapore/Port Klang Kolkata/Haldia trade sector. With effect from 21 June 2013, our rates for all SOC shipments between Singapore/Port Klang and Kolkata/Haldia on FIO basis will be increased187 words
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Advertisement157 2013-05-27 24 NOTICE TO TRADE RATE RESTORATION Singapore/PortKlangtoKolkata/Haldiaandviceversa Please be advised that with effect from 21 June 2013, our rates for all SOC shipments between Singapore/Port Klang and Kolkata/Haldia, will be increased by a minimum of USD 100.00 per TEU. Date: 27 May 2013 PACCContainerLinePteLtd NOTICE TO TRADE RATE RESTORATION Singapore to157 words
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Advertisement11 2013-05-27 24 Buying unit trust online gets cheaper 6388-3838 or go to sphsubscription.com.sg11 words
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Page 24 Miscellaneous
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Miscellaneous324 2013-05-27 24 CRYPTIC CROSSWORD Across 1 Directive popular with union (10) 6 Assumed name I omitted, unfortunately (4) 10 Learning about name written backwards in register (5) 11 What could make one lie square? (9) 12 Character sketch: get vet in, comically (8) 13 Publish paper with no leader (5) 15 King324 words
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DINING OUT
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Article, Illustration930 2013-05-27 25 JAIME EE - You get the quality you pay for at Hashi, which plates up a simplified take on Japan’s famed haute cuisine, saysJAIME JAIME EE NEW RESTAURANT 48 Bukit Pasoh Road Tel: 6327-8378. Open for lunch and dinner Monday to Friday: 12pm to 2.30pm; 6pm to 11pm. Dinner930 words
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Page 25 Advertisements
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Advertisement139 2013-05-27 25 3 1 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HDTFM.SG I D FACEBGOK.COM/HGTFMSG 3* HOTFMSG m v lookbook ISSUE 6 f 1 I'fXB S si AA 1 COUTUfcE BALLGOWNS far ribli IG DIAMO* SHIMMERING EVENING ORES T J139 words
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Advertisement21 2013-05-27 25 0+2( M -?#249 );052A0@59 15-+< )3(, )4#>6>. f @0+$#+% +A@ !5A &!+1/ -+=/7 #>/4 family size getting bigger? STCars.SG y STCarsSG21 words
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SINGAPORE STOCKS
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Article3318 2013-05-27 26 Week ended: May 23 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 Last Vol Week Last Quote Div GrYld 188 106 AIMSAMPIReit 8.8 3 A-Sonic High Low Company Sale 8.8 5 ASTI High3,318 words
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Article294 2013-05-27 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 $mil Low Company Last 2.4 1.3 t Advanced System 1.5 unch ***** 1.6 1.4 1.5 1.6 23.8 Vol ('000) Week Last Quote Div Gr Yld294 words
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Article120 2013-05-27 27 Stock name Close Change CapMallsAsia 2.020 -0.020 CapitaLand 3.660 -0.100 CapitaMall 2.170 -0.130 CityDev 10.850 -0.200 ComfortDelGro 1.925 -0.255 DBS Grp 17.150 -0.130 GLP 2.860 -0.090 Genting SP 1.475 -0.030 Golden Agri 0.570 HK Land 7.150 -0.110 Stock name Close Change HPH Trust US$ 0.810 -0.015120 words
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Article2050 2013-05-27 27 HONG KONG Vol HK$ +/-'000 May 24 Aeon Credit 8.58 unch 0 Aeon Stores May 24 Angang Steel 4.59 -0.04 5900 Anhui Conch Anhuiexpresswa 4.10 -0.02 1464 Asia Satellite 30.00 unch 45 Asm Pacific 0 Bank Of E Asia 30.60 -0.05 1108 Beida Jade Bir 0.34 0.02 14712,050 words
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Article264 2013-05-27 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 $mil 49.1 25 AVJennings A42 +1.5 1015 43 40 39 41.5 3.6 8.3 3.4 153.1 52 30 Genting HK US$ US50 -1 ***** 52 49 50 50.5 3292.3264 words
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Article186 2013-05-27 27 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 3 0 0 0 4 9 3 Manufacturing 65 91 38 10 14 11 75 105 49 Commerce 29 39 11 8 10 1 37 49 12 Tpt/Stor/Comms 9 33 5186 words
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Article1031 2013-05-27 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 $mil Company 143 120.4 CIMB APAC Div 100S$D 143 142.2 143.1 114.4 95.8 CIMB APAC Div 100US$ US114.4 112.4 113.2 12 1510 1246 CIMBASEAN40 100S$D 1484 -71,031 words
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Article123 2013-05-27 27 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 362,715 362,715 504,711 504,711 Manufacturing 1,696,201 1,172,950 2,869,151 861,717 58,641 920,358 Commerce 1,408,287 989,674 2,397,961 620,261 97,621 717,882 Tpt/Stor/Comms 794,409 56,394 850,803 1,300,775 22,579 1,323,354 Finance 604,871 8,662 613,533 857,022 5,160 862,182 Construction 687,003 915,099123 words
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Page 27 Advertisements
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Advertisement26 2013-05-27 27 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article563 2013-05-27 28 May 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.75 *****.50 *****.52 Jun13 *****.00 *****.00 *****.00 *****.00 *****1 *****6 Sep13 *****.00 *****.00 *****.00 *****.00 3446 ***** MSCI TAIWAN INDEX FUTURES SPOT 295.66 297.33 293.35 May13 293.70 296.50 292.90 295.10 ***** *****9 Jun13 294.10563 words
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373 2013-05-27 28 In local curr In S$ In US$ dy yr dy yr dy yr May 24 Index Change Change Change Change Change Change World Preliminary 1075.8 -0.3 14.7 -0.3 15.2 -0.2 11.3 EAFE Preliminary 894.1 -0.4 15.4 -0.1 11.9 -0.1 8.1 Europe Preliminary 1267.2 -0.4 10.5373 words
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Article471 2013-05-27 28 May 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.999 5.908 0.748 7.476 53.782 94.114 0.980 10.875 2.925 1.199 94.822 40.150 1.220 9.281 0.933 28.859 28.867 0.640 0.963 Canada 1.001 5.913471 words
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Article73 2013-05-27 28 May 23 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 12 mths 0.***** SWAP73 words
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Article137 2013-05-27 28 May 24 GOLD(US$/oz) May 23 May 24 Hong Kong 1387.30 1402.00 May 24 May 23 London 1387.13 1382.26 1387.89 1383.03 Source: Thomson Reuters CAST BAR May 23 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 125 56 5gm 355 278 10gm 635 556137 words
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Article93 2013-05-27 28 May 23 May TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 22-Aug-13 0.24 6-Month BS*****V 15-Nov-13 0.26 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 99.89 99.91 99.91 5-Year N*****0T93 words
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Article57 2013-05-27 28 May 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2330.0 2328.0 2348.0 2325.0 458 1926 Jul 13 2362.0 2362.0 2380.0 2346.0 4921 ***** Aug 13 2360.0 2359.0 2375.0 2342.0 ***** ***** Sep 13 2353.0 2350.057 words
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Article156 2013-05-27 28 May 23 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2195 1.2204 0.9630 0.9631 Canadian dollar 1.2205 1.2218 0.9641 0.9638 Euro 1.6296 1.6310 1.2868 1.2871 NZ dollar 1.0168 1.0179 0.8029 0.8033 Sterling pound 1.9058 1.9071 1.5049156 words
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Article121 2013-05-27 28 As at 9am May 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.254 1.195 Can dollar 1.244 1.197 Euro 1.666 1.587 Sterling pound 1.942 1.868 NZ dollar 1.045 1.005 US dollar 1.295 1.234 Local dollars to 100 units of foreign121 words
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Article157 2013-05-27 28 May 23 $S Offer Bid 0vernight 0.08 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.15 US$ 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 12157 words
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Article109 2013-05-27 28 May 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1476.25 1499.50 1505.75 1471.25 Aug 13 1402.50 1414.50 1421.75 1396.00 Sep 13 1300.00 1299.50 1307.00 1292.25 Nov 13 1247.75 1243.00 1250.00 1239.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13109 words
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Article95 2013-05-27 28 May 24 COCOA (£/tonne) Close Prev High Low Jul 13 1522 1537 1533 1520 Sep 13 1526 1544 1540 1525 Dec 13 1524 1540 1534 1523 Mar 14 1521 1538 1535 1520 COFFEE(US$/tonne) Close Prev High Low May 13 1922 1954 1942 1920 Jul 13 1952 1987 1989 193895 words
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1224 2013-05-27 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left (’000) Albedo Limited W*****9 Ratio AlliedTech W*****2 Price Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 2.2 1 27 38 BakerTech W*****5 14.2 0.4 217 1 19 9 2.15 25 Best1,224 words
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Article73 2013-05-27 28 CRUDE OIL PRODUCTS May 23 May CRUDE(FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.37 -2.06 WTI (Near Mth) 94.02 0.17 Dubai (1-Mth F) 98.63 -1.32 Tapis blend 104.70 -2.51 Minas 98.40 -2.01 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.22 -0.61 Jet Kerosene 114.09 -2.00 US$/barrel OpecOil Basket73 words
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Article23 2013-05-27 28 May 23 S$ S$ Bid Offer 1-month 1.2664 1.2672 2-months 1.2663 1.2672 3-months 1.2663 1.2672 6-months 1.2660 1.2675 Source: OCBC23 words
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Article66 2013-05-27 28 May-24 May-24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1805.50 1816.50 3 months 1840.00 1850.00 Copper, Grade A(US$/tonne) Cash 7269.75 7270.50 3 months 7299.00 7300.00 Lead(US$/tonne) Cash 2067.50 2037.00 3 months 2069.00 2044.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months66 words
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Article2641 2013-05-27 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/New2,641 words
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Page 29 Advertisements
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Advertisement139 2013-05-27 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
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Advertisement18 2013-05-27 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Page 30 Advertisements
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Advertisement81 2013-05-27 30 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 M the business times Shipping Times SpotlightAward Wins Recognition Come publicise your Award Wins Recognition, Ship Christenings Delivery of New Builds, Project Completion, Vessel Conversion Refurbishment, and Company81 words
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Advertisement486 2013-05-27 31 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 Credit (Pi g Claimable FULL-DAY WORKSHOPS SPH News Centre (9.30am to 6.00pm) FULL-DAY SEMINAR 2013 MAY SERIES SPH News Centre (9.30am486 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration970 2013-05-27 32 AMIT ROY CHOUDHURY - German software vendor trusts in its Software AG Live offering, writesAMIT AMIT ROY CHOUDHURY WITH the Singapore government announcing last week that one of its goals for this year and beyond is to develop and use agile software platforms in public sector970 words
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Article, Illustration421 2013-05-27 32 NG SAI YING - By NG SAI YING THE Asus solution to managing both a smartphone and a tablet comes in the form of a two-in-one hybrid device, and its latest iteration will be officially launched in the Singapore market next month. Asus, a Taiwan-based electronics421 words
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524 2013-05-27 32 AMANDA TAN - By AMANDA TAN AROUND 84 per cent of business and IT leaders worldwide agree that empowering employees makes for greater efficiency in their businesses, according to a new global survey released by Blue Coat Systems. And those at the fast-est-growing companies the524 words
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648 2013-05-27 32 AMANDA TAN - Start-ups given a platform to showcase their ideas and products to banks By AMANDA TAN BANKS have been increasingly organising themselves around innovation in recent years, says Matteo Rizzi, co-founder of Innotribe, Swift’s initiative to enable collaborative innovation in financial services. To648 words
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Article, Illustration801 2013-05-27 31 VICTORIA HO - It is the biggest culprit, accounting for 96% of attempts By VICTORIA HO COUNTRIES are upping the ante when it comes to spying on each other digitally, with China being the biggest culprit, according to a Verizon report. The US telecommunicationsPHOTO: REUTERS - 801 words
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750 2013-05-27 31 NG SAI YING - By NG SAI YING INCREASED implementation of technology can be the key in turning around a hotel industry set to stagnate with the expected slowdown in the growth rate of Singapore’s tourism industry. The idea is to create an environment750 words
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