The Business Times, 12 August 2013

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Total Pages: 40
1 12 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, August 12, 2013
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  • 965 1  -  Still, more firms are switching to RMB payments despite volatility and rule changes By SIOW LI SEN [SINGAPORE] If it’s a race, Singapore is off to a promising start as a major offshore yuan hub after it got its own clearing
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  • MARKETS DIGEST
    • 56 1 Weekly Change ST INDEX 3,229.91 -24.22 KL COMP 1,779.32 -3.19 NIKKEI 225 13,615.19 -850.97 HANG SENG 21,807.56 -383.41 SET INDEX 1,432.25 +11.31 JAKARTA COMP Closed MANILA COMP 6,404.23 -129.72 SEOUL COMP 1,880.71 -42.67 SHENZHEN B 804.51 +20.81 MUMBAI IND 18,789.34 -374.68 DOW 15,425.51 -232.85 NASDAQ 3,660.11 -29.48 S&P 500
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    • 20 1 SINGAPORE MALAYSIA MALAYSIA 5.38 6.55 5.00 INDONESIA 13.416 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.269 (US$/S$ per 1.531 1.942 EURO (US$/S$/E) 1.328 1.685 Foreign currency per US$ S$ YEN 96.90 76.40 RM 3.255 2.566 HK$ 7.756 6.114 BAHT 31.43 24.77 RUPIAH 10,285 8,108 RENMINBI 6.120 4.824 INDIAN RUPEE 61.40 48.40 A$ 1.118 0.881 NZ$ 1.267 0.998
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  • 872 1  -  SSD scheme may work against govt’s intention, say market players By MINDY TAN [SINGAPORE] With previously locked-up homes getting ready to hit the market, it is timely to relook the sellers stamp duty (SSD), to prevent a head-on collision with the record number
    Source: Orange Tee  -  872 words
  • Page 1 Advertisements
    • 169 1 VIEWS FROM THE TOP The future of books PAGES 10-11 EMERGING ENTERPRISE Taking Green Koncepts to the world PAGE 9 DINING OUT In fine feather at The Black Swan YOUNG INVESTORS’ FORUM Can you beat the market? PAGE 12 PAGE 21 BT WEBSITES For breaking news, go to businesstimes.com.sg. For
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  • TOP STORIES
    • 963 2  -  Industry sees need to restore integrity, investor confidence in financial reporting By MICHELLE QUAH [SINGAPORE] A recent landmark study by KPMG in Singapore which showed for the first time how the bulk of assets carried on Singapore companies’ balance sheets are based
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    • 765 2  -  Traders focused on Fed tapering, not economy: analysts WALL STREET INSIGHT By ROB CURRAN AFTER last week’s tumble, the Dow Jones Industrial Average may steady itself to hit yet more all-time highs barring surprises from the Federal Reserve. A jittery market has
      PHOTO: AFP  -  765 words
    • 421 2 Roadblocks on the yuan route in S’pore SINGAPORE is off to a promising start to be a major offshore yuan hub after it got its clearing facility three months ago. But there are many challenges. FRONT PAGE Tough decisions facing home sellers after SSD WITH locked-up homes getting
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    • 1224 4  -  Its engineering and systems prowess brought to bear on cities’ complex woes By LYNN KAN [SINGAPORE] Companies often segment their financial statements into geographic regions. Siemens, however, has branched out into cities, not as a means of tracking sales or profit but as
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    • 621 4  -  He says Our S’pore Conversation seeks to address this By MALMINDERJIT SINGH [SINGAPORE] Singapore appears to be trapped in a mid-life crisis and to avert this, there needs to be a new social compact between the people and the government, something
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    • 349 4 Bloomberg [TOKYO] Mori Building Co, whose Roppongi Hills complex in Tokyo houses Google and Apple, doubled the size of its first bond sale in 10 months as Prime Minister Shinzo Abe’s stimulus revives Japan’s office market. The owner of the 54-storey Mori Tower sold
      Bloomberg  -  349 words
  • Page 2 Advertisements
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    • 20 2 The best pure-play private bank in Asia EFG 0 Bank ii±a§ Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com
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  • Page 3 Advertisements
    • 104 3 -AK 9 9? •T ~J P L Cl II A' n IV ■s s* m H (1! All LOVE sculpture by Robert Indiana meets be Nouvel Ardmore by Jean Nouvel. Living Art, Living Heritage Does art imitate life? Or life, art? We like to think both. That is why you
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  • Page 4 Advertisements
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  • COMPANY NEWS
    • 1445 5  -  Firms with better numbers outnumber those with poorer figures by 103 to 69 By MALMINDERJIT SINGH SINGAPORE-LISTED companies have posted a lower total second-quarter net profit from a year ago $7.04 billion, down by some 2.8 per cent. Even so, companies with
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    • 1572 6  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd UYING was high for the first time in three weeks while selling among directors was low for the 10th straight week based on Singapore Exchange filings during the holiday-shortened Aug
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    • 1534 6 Payment Ex Rec Pay Ann (cts) date date date date AIMS AMP Capital Ind Reit ct 1.650 02-Aug 06-Aug 20-Sep 25-Jul ARA Asset Mgmt aw 2.300 13-Aug 15-Aug 29-Aug 06-Aug Ascott Residence Trust ag 4.081 29-Jul 31-Jul 28-Aug 23-Jul A-Sonic Aerospace aw 0.170 30-Aug 03-Sep 17-Sep 16-May Ban
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 137 6 Special Anniversary Issue H O M E D E C O R C E L E B R A T E S I T S 2 5 T H B I R T H D A Y IN THIS ISSUE We feature the people, places, objects and inspirations we love!
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  • Page 7 Advertisements
    • 747 7 IPO TIMETABLE SOILBUILD BUSINESS SPACE REIT (A REAL ESTATE INVESTMENT TRUST CONSTITUTED ON 13 DECEMBER 2012 UNDER THE LAWS OF THE REPUBLIC OF SINGAPORE) MANAGED BY SB REIT MANAGEMENT PTE. LTD. 7 August 2013, 6.00 p.m. Opening of the Public Offer 14 August 2013, 12.00 noon Close of the Public
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  • SINGAPORE MARKETS
    • 591 8  -  STOCKS R SIVANITHY Senior Correspondent FOR just under three months now, the prime driver of stock prices has been when the US Federal Reserve might start tapering its monetary stimulus. To a lesser degree, earnings have played a part as has the health
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    • 596 8 COMMODITIES AFP [LONDON] Raw material prices won support last week from upbeat Chinese economic data, while cocoa futures hit 11-month high points on tight supply fears, analysts said. Oil: Oil prices fell over the week despite a rally on Friday in the wake
      AFP  -  596 words
    • 1407 8 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 Ind REIT 2.00 2.00 4 9.43 16.66 1.79 1.57 Amtek Engineering Ltd 3.33 3.33 3 0.05 7.50 0.55 0.48 ARA Asset Management Ltd 2.57
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    • 4 8 WEEKLY
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    • 73 8 Aug 7 VALUE CLOSE BT OB/OS -499.00 -113.00 BT CADI -*****.00 -22.00 BT 10-day MA -*****.00 -50.00 FTSE ST Mid Cap 762.36 +1.07 FTSE ST Small Cap 562.22 +0.30 FTSE ST All Share 789.55 +1.15 FTSE ST China Top 200.12 +0.05 FTSE ST China 230.73 -0.40 FTSE
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    • 56 8 VOLUME Innopac 744,942,000 SingHaiyi 322,107,000 FreightLinks 275,100,000 Albedo 205,109,000 HanKore 201,204,000 Golden Agri 187,880,000 YHM 174,141,000 Rex Intl 160,992,000 Cedar 137,610,000 WE Hldgs R 108,911,000 VALUE($) DBS Grp 155,918,210 SingTel 149,025,838 Keppel Corp 121,859,564 OCBC Bk 110,290,750 Rex Intl 109,869,295 Innopac 109,071,961 Genting SP 106,129,145 Golden Agri
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    • 487 8 Chinese trade figures boost the outlook for regional exports and growth CURRENCIES Bloomberg [SINGAPORE] Asian currencies posted the biggest weekly rally in a month after a rebound in China trade data boosted the outlook for regional exports and
      Bloomberg  -  487 words
    • 117 8 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 426.2 1.3 JMH 5400 181.4 2.7 DBXT AUD Bonds 5AU$ ***** 179.2 0.9 Lyxor ThaiSET 10US$ ***** 175.1 1.1 DBXT MSJAP 10US$ 4577 88.8 1.6 SPDRS S&P 500 10US$ ***** 86.3 0.4 Lyxor Europe 10 US$ 1373 78.7 4.7 JSH 3389
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    • 125 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9239 -433.8 -3.6 GLD 10US$ ***** -149.7 -0.9 Jardine C&C 4050 -125.0 -3.0 DBXT MSAsExJp 10US$ 3128 -66.0 -1.6 DairyFarm 1124 -57.1 -3.8 DBXT MSINDIA 10US$ 757 -49.5 -4.9 STXPO 100 270 -45.0 -14.3 DBS.ES.1308 1707 -41.0 -2.3 DBXT FTChina25 10US$ 2685
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    • 5 8 WEEKLY
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  • SINGAPORE NEWS
    • 937 9  -  By NG ZHUO YANG WANT to know how much energy your company is using and how to drive costs down? Green Koncepts Pte Ltd says its Koncepts Energy Management (KEM), which provides real time energy intelligence, has the answer. According to the firm, KEM,
      PHOTO: ARTHUR LEE  -  937 words
    • 276 9 COMPANY MEETING PLACE DATE TIME China Animal S Rendezvous Grand Hotel Singapore Straits Ballroom 2 Level 2 9 Bras Basah Road 12-Aug 10.00am China Int'l Hldgs S Marquis Room Level 2 Copthorne King's Hotel 403 Havelock Road 12-Aug 9.30am Hengyang Petro E 9 Science Centre Road Jurong Country
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    • 303 9 Aug 7 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd ...5.50 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia ...5.50 Bank of Communications ...5.50 Bank of Tokyo-Mitsubishi ...5.75 Banque Internationale a ...5.50 Bank of Taiwan
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  • Page 9 Advertisements
    • 327 9 This profile is the fifth of a series of features on the 14 finalists of the Emerging Enterprise 2013 Awards. Jointly presented by The Business Times and OCBC Bank, EE 2013 recognises promising enterprises which are up to 10 years old and have an annual turnover of $15 million or
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  • VIEWS FROM THE TOP
    • 3451 10 THIS WEEK’S TOPIC: How are books changing, and why? Are we moving towards an e-book future? Jack Chua CEO ERA Singapore Pte Ltd IT is amazing how technology advancement has changed the way we read in this current age. With just an electronic device on
      FILE PHOTO  -  3,451 words
  • Page 10 Advertisements
    • 252 10 Enjoy preferential 0.8% p.a.* interest with Cl MB Preferred Checking and Savings Account. Our perks are purely financial. Instead of offering yet another caffeinated deal, we prefer to reward our Preferred clients with a solid financial perk of 0.8% p.a.*. Enjoy this attractive interest rate for your CIMB Preferred Checking
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  • Page 11 Advertisements
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1545 12  -  You can’t beat the market, the belief goes. All relevant information is already reflected in a stock price. There are so many smart and savvy investors out there, the Internet disseminates information so fast, trades are made so efficiently, that the moment something market-moving is
      PHOTO: AFP  -  1,545 words
    • 530 12  -  By POON HOW EE A CONTRARIAN approach to deal with bubbles and exploit market inefficiencies is through the deceptively simple strategy of value investing. Perhaps the most delighted of investors when markets crash are value investors like Warren Buffett. They see crashes as opportune moments to
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  • 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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  • MALAYSIA/INDONESIA
    • 725 13 Coal mining group refinances maturing US$150m loan at the eleventh hour IFR [SINGAPORE] Bumi Resources, the trophy asset of Indonesia’s influential Bakrie family, dodged a potentially crippling liquidity squeeze as it refinanced a maturing US$150 million loan at the eleventh hour. The Jakarta-listed coal
      IFR; PHOTO: BLOOMBERG  -  725 words
    • 499 13 Bloomberg [KUALA LUMPUR] The strongest demand at a Malaysian Islamic bond sale in 17 months signals investors are returning to the world’s biggest sukuk market. Borrowing costs on the government’s five-year local currency debt fell five basis points this month to 3.67 per
      Bloomberg  -  499 words
    • 1419 13 VOL Aug 7 RM +/-(‘000) VOL Advance Synerg 0.15 unch 19 Adventa Bhd 0.72 -0.01 73 Ae Multi Hldgs 0.21 -0.01 48 Affin Holdings 4.30 0.03 174 Ahmad Zaki Res 1.04 0.02 732 Airasia Bhd Alliance Finan 5.30 -0.08 2991 Aluminium Co 0.70 unch 5 Amalgamated In 0.15
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    • 193 13 Bloomberg [LONDON] Coffee deliveries from farms in Indonesia, the world’s third-biggest robusta grower, tumbled last week because of the Muslim holiday of Eid, according to Volcafe, a unit of commodities trader ED&F Man Holdings Ltd. Bean arrivals were about 2,500 to 3,000 tonnes
      Bloomberg  -  193 words
    • 236 13 Reu ters [MELBOURNE] Intrepid Mines said that it has failed to make any progress in talks to reclaim rights to a US$5 billion copper and gold project in Indonesia, as it announced last week that its chief executive had quit. Intrepid was kicked
      Reuters  -  236 words
  • Page 13 Advertisements
    • 591 13 Doing Business, The New Normal ARE U IN? A market upheaval is in progress and it is already challenging the way we traditionally do business. This breed of entrepreneurs called ‘technopreneurs’ are fast changing the business landscape, from crowd-funding to how they ‘disrupt’ the market and expeditiously grow their companies.
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  • GREATER CHINA/INDIA
    • 1033 14  -  Leading foreign investment lenders are now exiting physical commodity trading By JULIE ZHU EJ Insight [HONG KONG] Leading Chinese banks, brokerages and securities firms are getting ready to snap up commodities trading assets from their foreign counterparts which are facing tougher regulatory and
      EJ Insight  -  1,033 words
    • 796 14 Casinos are betting on rapid growth of China’s middle class Reuters [HONG KONG] The game is changing for casinos in Macau, the world’s gambling capital, as fun-seek-ing middle-class Chinese visitors follow high-roller VIP gamblers in ever-great-er numbers to try their luck in the
      Reuters; PHOTO: BLOOMBERG  -  796 words
    • 568 14 UK supermarket firm teams up with CRE, taking a 20% stake Reuters [HONG KONG] After nine years in China, British supermarket firm Tesco is to fold its unprofitable operation into a state-run company as a minority partner, becoming the latest
      Reuters  -  568 words
    • 387 14 Bloomberg [MUMBAI] Sun Pharmaceutical Industries, India’s biggest drugmaker by market value, posted a 56 per cent increase in profit before a one-time charge as sales of its generic drugs in the US climbed. Profit before a one-time payment to settle
      Bloomberg; PHOTO: BLOOMBERG  -  387 words
  • Page 14 Advertisements
    • 709 14 S- WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KO’S VEGETARIAN PTE. LTD. (Company No: *****9469C) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting
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  • ECONOMY WATCH
    • 1072 15 Post-2010 years most likely added much to ex-Obama adviser’s sizeable wealth NYT [NEW YORK] When Lawrence Summers left his job as President Barack Obama’s top economic policy adviser at the end of 2010 to return to Harvard University, one of his first steps was
      NYT; PHOTO: BLOOMBERG  -  1,072 words
    • 377 15 Bloomberg [WASHINGTON] US President Barack Obama rejected the notion that Lawrence Summers is the front-runner to replace Federal Reserve chairman Ben Bernanke, explaining that he has defended his former National Economic Council director as an act of loyalty. “The perception that
      Bloomberg  -  377 words
  • Page 15 Advertisements
    • 2028 15 STAMFORD TYRES CORPORATION LIMITED Company Registration No: *****4416M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fourth Annual General Meeting of the shareholders of the Company will be held on Wednesday, 28 August 2013 at 3.00 p.m. at 19 Lok Yang
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  • WORLD
    • 623 16 Rudd urges end to politics of division; wants industry, govt unions in partnership AFP [SYDNEY] Australian Prime Minister Kevin Rudd and conservative rival Tony Abbott went head-to-head yesterday in the first debate of the election campaign an encounter which focused on the economy and divided
      AFP; PHOTO: AP  -  623 words
    • 579 16 Reuters [SAN FRANCISCO] Months of public bickering, secretive backroom negotiations and eleventh-hour deals for control of Dell belie the fact that the combatants are vying for a company facing steadily declining sales prospects. The tussle between chief executive Michael Dell and firebrand activist
      Reuters  -  579 words
    • 607 16 Almost every other business is caught cheating the taxman AP [ATHENS] Nationwide spot checks by Greek tax inspectors have found that almost every other business is cheating the taxman in some way, as the debt-hob-bled country’s authorities struggle to improve revenue collection
      AP  -  607 words
    • 539 16 Analyst suggests buying stock after Facebook straightens ad strategy Reuters [BOSTON] Nabil Elsheshai jokes about wasting time on Facebook, but his surfing has paid off. A senior equity analyst for Thrivent Financial in Minneapolis, Mr Elsheshai had advised his firm not to buy
      Reuters  -  539 words
    • 815 17 Rivers too polluted to swim in; record of natural environment protection very bad Reuters [WELLINGTON] For a country that markets itself to the world with the slogan “100 per cent Pure”, New Zealand’s environmental credentials are not as impeccable as many would think.
      Reuters; PHOTO: REUTERS  -  815 words
    • 203 17 Bloomberg [SYDNEY] New Zealand’s Foreign Minister Murray McCully will visit China in about a week as the country deals with the fallout from a contamination scare at the world’s largest dairy exporter, Fonterra Cooperative Group Ltd. Mr McCully will be followed in
      Bloomberg  -  203 words
    • 935 18 Strategy draws interest this year for those targeting overseas shares but it could become counter-productive Reuters [NEW YORK] US investors who buy foreign stocks are increasingly looking at currency hedging, a strategy that has had a mixed track record. There are nearly 1,500
      Reuters  -  935 words
    • 1029 18 Reuters [MADERUELO] A group of pensioners are waiting to board a brown and green bus in the medieval village of Maderuelo on Spain’s arid central plains. The bus comes only once a month and won’t take them anywhere, but they’re mostly happy with
      Reuters; PHOTO: REUTERS  -  1,029 words
    • 664 18 AFP [PARIS] The bid by Mexican telecom operator America Movil for Dutch KPN could signal the start of consolidation in the highly fragmented and competitive European market, analysts and insiders say. The 10.2 billion euro (S$17.1 billion) hostile offer by America
      AFP; PHOTO: AP  -  664 words
    • 475 18 AFP [PARIS] French banks are back in the good graces of investors after turning in surprisingly strong quarterly results that appear to show they have put the worst of the eurozone crisis behind them. Top French bank BNP Paribas turned in a 4.7
      AFP  -  475 words
    • 588 19 US pension funds, retail investors joined by SWFs in search of higher returns Reuters [LONDON] The world’s biggest state-backed funds are joining the “great rotation” portfolio switch out of bonds into equities a move that risks crowding the trade and lessening the allure.
      Reuters  -  588 words
    • 980 19 High debt amid slow economy spawns policy tussle Reuters [BANGKOK] A growing mountain of debt owed by Thailand’s households has sparked a tussle between the country’s central bank and finance minister on the best way to steer South-east Asia’s sec-ond-largest economy through a period of
      Reuters; PHOTO: REUTERS  -  980 words
    • 813 19 NYT [MOSCOW] A business owner in Russia has a better chance of ending up in the penal colony system once known as the gulag than a common burglar does. More than 110,000 people are serving time for what Russia calls
      NYT  -  813 words
    • 782 19 US sales return to pre-crisis levels as Europe slump eases AFP [PARIS] Car industries in the United States and Europe are showing clear signs of getting back on track after severe setbacks in the financial and debt crises. The US car market returned
      AFP  -  782 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 183 17 SELLING YOUR CAR, COMMERCIAL VEHICLE OR CAR ACCESSORIES ONLINE? POST YOUR AD FOR FREE AT STCARS.sg 's M STCarsSG Better yet, let us do the posting for you! Check out any of these 3 Ways to get started: DIY OR EMAIL Simply visit STCars.sg to self-register and place your ads
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  • AVIATION/SHIPPING
    • 732 20 But proposal to set up carrier depends on changes to strict aviation regulations AFP [MOSCOW] A Russian budget airline? The thought may fill some travellers with dread but Russia’s flag carrier Aeroflot is now taking serious steps to launch the country’s first
      AFP; PHOTO: REUTERS  -  732 words
    • 777 20 NYT [BOSTON] The firehouse near the end of Logan Airport’s Runway 14 is home to the pride and joy of the airport’s rescue and firefighting team: Engine 3, a 1,000horsepower, four-wheel-drive behemoth with thermal imaging and a radar screen, its
      NYT  -  777 words
    • 348 20 Bloomberg [HAMBURG] Commerzbank AG, the German lender trying to offload soured shipping loans, reduced its credit portfolio in the cri-sis-hit sector by 7.1 per cent in the second quarter even as it stuck to its forecast that the market will not bottom
      Bloomberg; PHOTO: REUTERS  -  348 words
    • 590 20 They boost NITC supertanker fleet to 37 Reu ters [LONDON] Iran has taken delivery of several new oil tankers in recent weeks as it relies more on its own fleet capacity to help sustain crude export shipments in the face of
      Reuters  -  590 words
    • 245 20 SGX '000 Aug 7 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.25 unch 70 Cosco Corp 0.72 0.01 1068 Ezra Hldgs 0.85 unch 1921 First Ship Lea Chuan Hup Hldg Freight Links 0.14 0.01 *****0 Grand Banks.............unch unch 0 Jaya Hold Ltd 0.57 -0.01 208 K1Ventures 0.17
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  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • 354 20 CRYPTIC CROSSWORD Across 1 Adult swan regularly seen in team (5-2) 5 Provoke about Queen? Knight might have put his foot in it (7) 9 Assumes soft face is developed with nothing removed (7) 10 Let out by river next to grass snake (7) 11 I broadcast concert around end
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  • DINING OUT
    • 773 21  -  The Black Swan sits a cut above in the business district with its pleasing cuisine and top-notch service, writes JAIME EE writesJAIME writesJAIME EE NEW RESTAURANT The Black Swan 19 Cecil Street (The Quadrant) Tel: 8181-3305 Open 5pm to 11pm for dinner; open for supper 10.30pm to
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  • Page 21 Advertisements
    • 76 21 Seafood Extravaganza From now until 28 October Calling out all seafood lovers! Asian Market Café presents a glorious buffet of seafood prepared Asian-style including Masala Slipper Lobster, Rendang Crayfish, Assam Squid, Marinated Seafood Skewer and more. Lunch Dinner Adult: $50++/ $60++ Children: $27++/ $32++ For reservations, please call +65 6431
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    • 24 21 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FACEBOOK.COM/HOTFMSG I 3* HOTFMSG
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    • 0 21
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  • SINGAPORE STOCKS
    • 3380 22 Week ended: Aug 7 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 8.8 3 A-Sonic --AAT Vol ('000) Week Last Quote 11.5 7 AEM Div GrYld 188 106 AIMSAMPIReit 157 +1 878
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    • 289 23 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 $mil Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 0.5
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    • 117 23 Stock name Close Change CapMallsAsia 1.990 CapitaLand 3.230 -0.030 CapitaMall 2.020 +0.010 CityDev 10.65 -0.030 ComfortDelGro 1.975 -0.015 DBS Grp 17.20 +0.110 GLP 2.850 -0.030 Genting SP 1.365 +0.030 Golden Agri 0.520 HK Land 6.930 -0.050 Stock name Close Change HPH Trust US$ 0.730 -0.005 JMH
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    • 2066 23 HONG KONG Vol HK$ +/-'000 Aug 9 Aeon Credit 7.26 unch 0 Aeon Stores 14.30 unch 0 Angang Steel Aeon Credit Anhui Conch 24.85 0.60 ***** Anhuiexpresswa 3.40 -0.01 7460 Asia Satellite Aeon Stores Asm Pacific 85.45 2.85 515 Bank Of E Asia 0 Beida Jade Bir 0.37
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    • 251 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 31 Genting HK US$ US44.5 unch 8447 44.5 43.5 44 44.5 2930.1 Sale 270 191 TanChongInt HK269cd +16 573 270 255 264 269 4.3 2.6
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    • 186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 3 0 0 0 4 9 3 Manufacturing 52 82 39 8 14 6 60 96 45 Commerce 16 40 19 5 10 1 21 50 20 Tpt/Stor/Comms 7 27 10
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    • 997 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 120.4 CIMB APAC Div 100S$D 134.5 131.8 132.7 114.4 99 CIMB APAC Div 100US$ US105.7 103.4 104.2 11.1
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    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 52,228 52,228 172,351 172,351 Manufacturing 740,350 245,593 985,943 343,761 11,985 355,746 Commerce 407,481 405,011 812,492 260,416 15,199 275,615 Tpt/Stor/Comms 569,304 70,868 640,172 370,818 26,592 397,410 Finance 785,958 54,455 840,413 492,547 22,776 515,323 Construction 279,295 208,296
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    • 26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 522 24 Aug 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.49 *****.96 *****.81 Sep13 *****.00 *****.00 *****.00 *****.00 *****8 *****1 Dec13 *****.00 *****.00 *****.00 *****.00 26 ***** MSCI TAIWAN INDEX FUTURES SPOT 277.67 280.13 275.60 Aug13 275.00 276.40 273.10 273.90 ***** *****8 Sep13 273.70
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    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Aug 9 Index Change Change Change Change Change Change World Preliminary 1089.4 -0.1 16.1 -0.3 17.3 -0.1 14.0 EAFE Preliminary 888.3 0.4 14.7 0.1 13.5 0.2 10.2 Europe Preliminary 1276.5 0.5 11.3
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    • 471 24 Aug 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.931 5.473 0.673 6.936 54.910 91.979 0.867 9.999 2.911 1.133 91.456 39.081 1.134 8.873 0.830 26.829 28.103 0.584 0.894 Canada 1.074 5.877
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    • 49 24 Aug 7 (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$) 1 mth 1 mth 2 mths 2 mths 0.***** 9 mths 12 mths Source: Thomson Reuters
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    • 88 24 Aug 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****V 07-Feb-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.04 5-Year N*****0T 0.5 01-Apr-18 98.39
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    • 134 24 Aug 9 GOLD(US$/oz) Aug 09 Aug 08 Hong Kong 1317.50 1300.00 Aug 09 Aug 08 London 1310.49 1308.50 1311.71 1309.31 Source: Thomson Reuters CAST BAR Aug 07 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 117 52 5gm 332 260 10gm 593 519
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    • 57 24 Aug 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2280.0 2278.0 2280.0 2280.0 240 724 Sep 13 2261.0 2236.0 2261.0 2233.0 2955 ***** Oct 13 2231.0 2207.0 2232.0 2201.0 ***** ***** Nov 13 2222.0 2201.0
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    • 155 24 Aug 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1340 1.1349 0.8940 0.8946 Canadian dollar 1.2181 1.2183 0.9603 0.9602 Euro 1.6843 1.6850 1.3278 1.3282 NZ dollar 1.0012 1.0019 0.7893 0.7898 Sterling pound 1.9414 1.9422 1.5305 1.5310
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    • 109 24 Aug 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 13 1340.75 1355.75 1366.25 1340.00 Sep 13 1218.50 1227.75 1241.00 1216.00 Nov 13 1182.25 1184.25 1194.50 1180.00 Jan 14 1188.00 1189.25 1199.25 1185.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 13
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    • 95 24 Aug 9 COCOA (£/tonne) Close Prev High Low Sep 13 1648 1655 1654 1633 Dec 13 1643 1648 1646 1624 Mar 14 1624 1630 1628 1606 May 14 1623 1629 1627 1605 COFFEE(US$/tonne) Close Prev High Low Sep 13 1963 1924 1968 1929 Nov 13 1949 1908 1952 1908
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    • 1098 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.4 0.1 35 0.0 5 -43 59 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 1.5 0.1 ***** AlliedTech W*****2 Disc Ascendas Reit MB ECW*****3 3.2 0.2 240
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    • 70 24 CRUDE OIL PRODUCTS Aug 09 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.34 0.00 WTI (Near Mth) 103.50 0.00 Dubai (1-Mth F) 101.96 0.00 Tapis blend 113.51 0.00 Minas 106.21 0.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.00 0.00 Jet Kerosene 122.26 0.00 US$/barrel OpecOil Basket
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    • 22 24 Aug 7 S$ Bid Offer 1-month 1.2685 1.2686 2-months 1.2684 1.2685 3-months 1.2684 1.2685 6-months 1.2681 1.2683 Source: OCBC
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    • 66 24 Aug-09 Aug-09 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1825.60 1794.55 3 months 1871.00 1840.00 Copper, Grade A(US$/tonne) Cash 7253.25 7164.50 3 months 7275.00 7185.00 Lead(US$/tonne) Cash 2168.50 2125.50 3 months 2180.00 2139.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months
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    • 121 24 As at 9am Aug 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.164 1.109 Can dollar 1.243 1.196 Euro 1.725 1.643 Sterling pound 1.980 1.904 NZ dollar 1.025 0.986 US dollar 1.293 1.232 Local dollars to 100 units of foreign
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    • 157 24 Aug 7 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ 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 0.50 0.30 9 months 0.60 0.40 12
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  • 2472 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 25 Advertisements
    • 70 25 Legal services required by shippers owners Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find
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    • 18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 26 Advertisements
    • 134 26 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Vbiir Developments Come
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    • 11 26 TO ADVERTISE IN .The Business Times CALL JOE WONG AT *****327
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 776 27  -  It positions its offering as a simple-to-implement solution, writesAMIT AMIT ROY CHOUDHURY BY the end of this year, there will be more In-ternet-connected mobile devices than people on this world. One of the most visible manifestations of this is the so-called
      776 words
    • 699 27  -  New database product to help in cloud adoption By AMIT ROY CHOUDHURY WITH the global cloud computing market set to explode to US$241 billion by 2020, from US$40.7 billion in 2011, Oracle is positioning itself to take advantage of this growth. In this
      699 words
    • 623 27  -  By KEVIN KWANG FOR those late to the party whether it is in terms of the technology or geographic market the only way to carve a niche in the industry is to have a marketable product, opportune timing, and a dash of
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  • Page 27 Advertisements
    • 124 27 FEMALE AUGUST OUT NOW IT BAG UPDATE NOVEL, FUN NO LOGOS GET RICHGIRL HAIR IT’S SUPERLONG, LOSSY 'AUTIFUL Singapore s lea gazme www. lomalomag. com tg AUG 2013 REIGN IN SINGAPORE INNOVATORS. ARTISTS COLLABORATORS FUNSTERS DOING CLEVER THINGS COOL LIKE Ti COLD SM YOU’LL 5f 85 'rdfSi! -A 5*33 f
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  • Page 28 Advertisements
    • 322 28 KA r w fH'K i m *1 BMM:ii!i’i -iL' if-V > m 'T V l*rl 1 &s,®f i :i I i .'■a I a*< STPROPERTY SEMINAR Opportunities Outlook of the Property Market in 04 2013 STRATEGIES TO OVERCOME THE CHALLENGING PROPERTY LANDSCAPE '4SMMW Under the new Total Debt Servicing Ratio
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  • Singapore Corporate Awards
    • 597 1  -  Kenneth Lim IVE years have passed since the peak of the global financial crisis in 2008, and the one constant in all those years has been volatility. There is a more positive hue to the turbulence these days, with expectations of a stronger US economy
      597 words
    • 996 2  -  What makes a good board tick?JOYCE HOOIfinds out from the winners of this year’s Best Managed Board Award JOYCE HOOI THE modern-day board juggles an ever-in-creasing number of tasks. The standards of independence demanded of it are higher, even as expectations of its influence
      996 words
    • 1132 4  -  Able leaders maintain a high level of preparedness whatever the weather, asANDREA SOHlearns from the recipients of the Best Chief Executive Office Award ANDREA SOH DARK clouds loom on the horizon, whether in the form of a China slowdown or a recovery
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    • 1063 5  -  Award-winning CFOs tell KELLY TAYwhat’s behind the cover of their books KELLY TAY LONG before the 2008 global financial crisis hit, the CFO’s role had already grown beyond traditional number crunching and financial stewardship, to encompass risk management and strategic business planning as well. This
      1,063 words
    • 626 6  -  The best annual reports go beyond ticking the mandatory boxes, reportsTEH TEH SHI NING SHAREHOLDERS are now curious about more than the financial results and ratios of the company they invest in. They want to know about the company’s leaders and how they are paid.
      626 words
    • 908 6  -  By CAI HAOXIANG DEALING with investors in an age when activism and information channels are increasing can be a challenge for even the best companies. Four winners in the 2013 Singapore Corporate Awards “Best Investor Relations” category shared with The Business Times how they help investors
      908 words
    • 951 8  -  In the move towards greater gender diversity, how we get there is as important as getting there. ByMAK ByMAK YUEN TEEN The writer is an associate professor in the NUS Business School and chairs the judging panel for the Investor Relations
      ST FILE PHOTO  -  951 words
    • 686 8  -  By MARK MATTHEWS The writer is head of research, Asia, at Bank Julius Baer AT Julius Baer we take a qualitative approach to finding stocks. We look for three simple criteria: companies that are leaders in their sectors (not number three or four, but
      686 words
    • 964 9  -  As the economy moves from manufacturing to higher knowledge content, human capital and intangible assets play increasingly pivotal roles in improving productivity. NA BOON CHONGexplains NA BOON CHONG The writer is managing director of South-east Asia for Aon Hewitt THE MAJOR economic growth challenge facing Singapore is
      964 words
    • 580 11  -  The two are interconnected, each with a distinct purpose serving specific target audiences, saysGRAHAM GRAHAM OWENS The writer is director, climate change and sustainability, at KPMG in Singapore WHEN the topic of non-financial disclosure is raised, I have noticed a great deal
      580 words
    • 574 11  -  By MAX LOH The writer is the managing partner for Asean and Singapore at Ernst Young CHIEF financial officer aspirants who are banking on their strong finance experience to land the top job in the finance function will need to rethink their career strategy. Traditional
      574 words
  • Page 1 Advertisements
    • 226 1 INSIDE Best managed boards PAGE 2 CEOs of the year PAGE 4 CFOs of the year PAGE 5 Best annual reports and investor relations PAGE 6 Gender diversity on boards PAGE 8 Look for leaders with good leaders PAGE 8 The productivity challenge PAGE 9 Integrated vs sustainability reporting PAGE
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  • Page 2 Advertisements
    • 109 2 Mencast Singapore I ICI ILQJb Corporate f PARTNER PERFECT AWARDS Best Managed Board Overall Winner (Gold) under $300 million market capitalisation Singapore Corporate Awards 2013 On behalf of all our Partners, Team Mencast is honoured to accept the Gold Award for SCA 201 B's "Best Managed Board" ■a* y From
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  • Page 3 Advertisements
    • 47 3 Congratulations to Mr. Lim Hock CheePBM for being honoured as Best CEO in the Singapore CorporateAwards 2013 (Listed companies with $300 million to less than $1 billion in market capitalization) from Sheng Siong Group Limited Sheng Siong Supermarket Pte Ltd C M M Marketing Management Pte Ltd
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  • Page 4 Advertisements
    • 134 4 sembcorp marine 50 YEARS BUILDING A REPUTATION,,,AND MORE, Sfera mK I «Sa*. IB r X/ ■tvamm 1 f 1 U .Sr I I t"""" 1 Ml-— I in B wm ’r= r .V m HBD DUC r Winner of Best Annual Report Award (Gold) Companies with $1 Billion and above
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  • Page 5 Advertisements
    • 83 5 K Sin g T el SINGAPORE CORPORATE AWARDS 2013 ?£zssss&z SingTel is proud and honoured to win Gold for Best Managed Board at the Singapore Corporate Awards 2013. Promoting best-in-class standards of corporate governance. Championing transparent and responsible decision-making. Spearheading effective risk management policies. Protecting the interests of all our
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  • Page 6 Advertisements
    • 36 6 At the Singapore Corporate Awards 2013, Del Monte Pacific Ltd is once again honoured to be recognised among the best. Best Annual Report (Silver) Market capitalisation of $300 million to less than $1 billion www.swpremiumfood.com www.delmontepacific.com
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  • Page 7 Advertisements
    • 220 7 I* is u. 3 -i sSi U I J 5rn V —“1 L" •M* T T~T»pV’jpi rm f SE 33 IP .Li, v iv'jr.v /> s</> > \r, ,1, /-J V < Jt a* <c*. r »l#A r V*\;o vC y" If* A VJ.« f ff. V <'V' V* V
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  • Page 8 Advertisements
    • 126 8 C V V'* MILESTONE OF EXCELLENCE Ley Choon is honoured to win the esteemed Singapore Corporate Awards 1 m .1; Ley Choon Group Holdings Limited is one of Singapore's leading one-stop Underground Utilities Infrastructure service providers. The Group operates the largest asphalt premix plant in Singapore in terms of production
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    • 115 8 w 25 200 250ml 100ml 100ml 150 J 100 MeqaCherrf 100 i 12 JO ik —J? > Developing Strong Chemistry Worldwide' MegaChem is honoured to be a recipient of the Singapore Corporate Awards 2013 in the category of “Best Annual Report” (companies with less than $300 million in market capitalisation).
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  • Page 9 Advertisements
    • 118 9 SINGAPORE CORPORATE AWARDS 2013 Keppel Corporation Limited Silver Best Annual Report Bronze Best Managed Board Market capitalisation of $1 billion and above Keppel Telecommunications Transportation Ltd Gold Best Annual Report Silver Best Investor Relations Market capitalisation of $300 million to less than $1 billion Keppel REIT Management Limited Gold Best
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  • Page 10 Advertisements
    • 366 10 CongratulationsSin apore Corpor te Awards 2013 to all our winners who ch mpioned corp rate governance Organised by: best managedboard award MARKET CAP OF $1B ABOVE GOLD SingTel Ltd SILVER Singapore Exchange Ltd SILVER Sembcorp Industries Ltd BRONZE Keppel Corporation Ltd MARKET CAP OF $300 M TO LESS THAN $1B
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  • Page 11 Advertisements
    • 83 11 Mrs Lynda Goh, Deputy Group CEO Group CFO Winner of Singapore Corporate Awards 2013 Best Chief Financial Officer Companies with $300 million to $1 billion in market capitalization At CWT, we don’t just imagine. We work to connect world trade. To move, build and power your supply chain forward. From
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  • Page 12 Advertisements
    • 156 12 rrt. QKP HOLDINGS limited W Km a Companies with less than $300 million in market capitalisation Best Annual Report (Gold) Best Managed Board (Silver) Best Investor Relations (Bronze) t i w SINGAPORE CORPORATE AWARDS 2013 Our Vision To be a leading transport infrastructure and civil engineering company in Singapore, the
      156 words