The Business Times, 1 August 2011

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Total Pages: 36
1 36 The Business Times
  • 22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, August 1,2011
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  • 934 1  -  Market sentiment and quality factors are telling on their share price By KELLY TAY [SINGAPORE] Most of this year’s initial public offerings (IPOs) are trading below their offer prices, and even those which are still above water appear to be losing grip. In
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  • 158 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 3,189.26 +6.31 KL COMP 1,548.81 -16.25 NIKKEI 225 9,833.03 -299.08 HANG SENG 22,440.25 -4.55 SET INDEX 1,133.53 +12.49 JAKARTA COMP 4,130.80 +23.98
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  • 888 1  - Five analysts take on the market and win Researchers clinch StarMine awards with deft stock picking By JOYCE HOOI [SINGAPORE] Last year, the markets might have put the worst of the recession behind them, but the spectre of a double dip loomed large and long. As pundits hedged their bets
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  • Page 1 Advertisements
    • 214 1 YOUNG INVESTORS’ FORUM Annuities for a comfortable retirement PAGE 28 US DEBT CEILING Lawmakers closing in on last-gasp deal PAGE 3 DINING OUT Modern approach to Indonesian cuisine PAGE 29 SINGAPORE CORPORATE AWARDS A night to remember PAGES 24-25 THE SWISS WAY From biopharmaceuticals and banking to timepieces, Swiss business
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  • TOP STORIES
    • 582 2 Reality bites for this year’s new listings MOST of this year’s initial public offerings are trading below their offer prices, and even those which are still above water appear to be losing grip. In the first seven months of this year, there have been 12 new listings on
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    • 821 2  -  Increase of 1.5% to $851.3 billion is the third monthly gain in a row By WINSTON CHAI [SINGAPORE] The market capitalisation of Singa-pore-listed companies continues to rise despite widespread fears of a possible debt default by the United States, edging up 1.5
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    • 788 2 Friday’s poor GDP numbers bring new anxiety AP Reuters [WASHINGTON] The US economy is at risk of slipping into another recession. It nearly stalled in the first six months of the year, the government reported on Friday. Economic growth was feeble
      AP; Reuters  -  788 words
    • 11 2 db X-MACRO Trading Index Fund I4D 21/07/11 96,81 GBP
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    • 815 3 White House acknowledges for first time both sides are close to accord Reuters AFP [WASHINGTON] US lawmakers were close to a last-gasp US$3 trillion deal yesterday to raise the US borrowing limit and assure financial markets that the United States will avoid a
      Reuters; AFP  -  815 words
    • 481 3 Investors stockpile cash in face of Washington impasse Bloomberg [NEW YORK] Treasuries surged, driving 10 and 30-year yields to the lowest levels this year, as US lawmakers deadlocked over raising the debt limit and the economy grew more slowly than
      Bloomberg  -  481 words
  • Page 2 Advertisements
    • 178 2 Increase Your Choices Better Manage Your Risks Continuous All-Day Trading From 1 August i 7 u -i Enjoy convenience and flexibility when accessing the market with all-day trading (including 12.30pm to 2.00pm) of stocks, warrants, ETFs, ADRs and other securities. Contact your broker or dealer to learn more about the
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    • 118 2 LUXURY TOURS TRAVEL PTE LTD -Jy tfCi The Leading Operator k'A Established 1985 >.> "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at
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  • COMPANY NEWS
    • 907 4  - Lifted to the top through a mix of art, science and luck DBS Vickers’ Andy Sim tops the 2011 StarMine Analyst Awards rankings 2011 STARMINE ANALYST AWARDS By JOYCE JOYCE HOOI FOR a field that has come to expect a precise output of judgment, the process itself can be wonderfully
      ARTHUR LEE  -  907 words
    • 450 4  -  By MICHELLE TAN WAKING up in the wee hours of the morning to make it to work in time for regional calls is something that leaves StarMine Award winner Low Xin Yan unfazed. Coming in fifth in StarMine’s Overall Stock Picking category, she
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    • 497 4  -  By MICHELLE TAN EMERGING as one of the stars in this year’s Analyst Awards by StarMine, a Thomson Reuters company, Donald Chua from CIMB Research clinched fourth place in the Overall Stock Picking category. Asked about his success, Mr Chua modestly attributes it to
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    • 718 4  -  By JOYCE HOOI IF stock-picking were a game of football, James Lim would be one of those runts who outrun their opponents on the field. Mr Lim currently a research analyst at Asiasons WFG Securities did not make his debut as the sec-ond-ranked
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    • 477 4  -  By MICHELLE TAN CITIGROUP’S Robert Kong has emerged once again as one of the top analysts in the 2011 StarMine Analyst Awards. Ranked third in the Overall Stock Picking category, Mr Kong, a veteran analyst, shares some of his views on
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    • 288 4 Jointly brought to you by The Business Times and In recent months, there has been a spate of negative news emerging from Europe and the United States, giving rise to growing concerns about the fragility of the global macroeconomic environment. Nevertheless, in spite of the uncertainties, I
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    • 403 7 Jul 29 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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    • 208 7 COMPANY MEETING PLACE DATE TIME The Think Environ A S Mandarin Orchard Singapore, 333 Orchard Road, Grange Ballroom, Level 5, Main Tower, Singapore *****7 30-Jul 10.00am Eunetworks E Suntec S'pore Intl Convention Exhibition Centre, Meeting Room 201, Level 21 1 Raffles Boulevard, Suntec City Singapore *****3 05-Aug 10.00am
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    • 1075 7 Payment Ex Books Pay Ann (cts) date close date date Adv Integrated Mft aw 0.180 31-Aug 02-Sep 19-Sep 29-Jul AIMS Amp Cap Ind Reit ag 0.530 02-Aug 04-Aug 14-Sep 27-Jul Ascendasreit ad 0.040 22-Jul 26-Jul 25-Aug 19-Jul Ascendasreit ao 2.770 22-Jul 26-Jul 25-Aug 19-Jul Ascott R Trust ad
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    • 538 7  -  HOCK LOCK SIEW By MICHELLE TAN THE earnings season is well underway and some investors may be smiling ahead of the upcoming National Day holiday as companies start to declare dividends. Already, some dividend announcements have been made by certain real estate investment trusts
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  • Page 5 Advertisements
    • 715 5 u b HOW TO PROTECT YOUR MONEY PROPERTY TRANSACTIONS FROM 1 AUGUST 2011 V h V i Oh, tell me more! if Lawyers can now only hold your >| money in special accounts with Appointed Banks or with the Singapore Academy of Law. Lawyers for both the buyer and s.
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  • SINGAPORE MARKETS
    • 436 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies completed a second weekly gain, led by the Philippine peso and India’s rupee, on speculation the region’s growth outlook and rising interest rates will attract foreign funds. The Bloomberg-JPMorgan Asia Dollar Index touched a 14-year high last week
      Bloomberg  -  436 words
    • 528 6  -  COMMODITIES By ONG YI LING The writer is an investment analyst with Phillip Futures PRIOR to the correction of silver in May, it was the best performing asset in 2011. It rose to as high as US$49.51 an ounce, a 66 per cent rise in price
      528 words
    • 1580 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Cap 2.00 2.00 2 2.00 11.25 0.27 0.23 Allgreen Properties 3.14 2.91 7 16.00 9.94 1.51 1.59 Amtek Engg 2.00 2.00 4 0.10 8.32 1.41
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    • 578 6  -  STOCKS R SIVANITHY Senior Correspondent HERE’S the thing: all the talk and worry about whether the incumbent US administration will be able to raise its debt ceiling before Tuesday has actually diverted attention away from the other worries, namely that the US economy
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    • 4 6 WEEKLY
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    • 66 6 Jul 29 VALUE CLOSE BT OB/OS 247.00 +58.00 BT CADI -*****.00 -99.00 BT 10-day MA -*****.00 +25.00 FTSE ST Mid Cap 741.53 -2.06 FTSE ST Small Cap 523.86 -2.66 FTSE ST All Share 775.31 -0.68 FTSE ST China Top 249.87 -0.03 FTSE ST China 290.12 +1.91 FTSE
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    • 58 6 VOLUME Genting SP 652,441,000 Golden Agri 358,318,000 NexGenSCom 264,590,000 HPH Trust US$ 224,671,000 Midas 191,600,000 EuNetworks 177,121,000 TigerAir 152,466,000 Artivision 131,161,000 PSL Hldgs 115,066,000 Progen 113,041,000 VALUE($) Genting SP 1,230,884,605 DBS Grp 425,469,872 SIA 354,899,116 SingTel 343,111,331 UOB 295,974,120 Keppel Corp 282,401,692 Golden Agri 259,414,650 Wilmar 241,974,208
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    • 117 6 BY CENTS CLOSE UP DBXT AUDMM 5US$ *****1224.0 4.9 DBXT iBoxxSvEu 5US$ ***** 605.4 2.1 DBXT EONIA 5US$ ***** 405.2 1.7 GLD 10US$ ***** 307.5 1.7 DBS Bk 4.7% NCPS 100 ***** 140.0 1.3 Asia Pac Brew 2850 128.0 4.7 DBXT S&P Short 10US$ 4273 126.6 2.5 Jardine C&C
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    • 121 6 BY CENTS CLOSE DOWN IS S&P500 *****-651.2 -4.0 DBXT Nifty 10US$ *****-336.4 -2.2 DBXT E50 10US$ 4245-278.6 -5.2 IS DJ US Tech 6578-190.5 -2.3 DBXT MSKorea 10US$ 6417-186.9 -2.4 JMH 5731-141.1 -2.0 UOB 5.05%NCPS 100 ***** -80.0 -0.7 DBXT MSAsExJp 10US$ 3390 -78.4 -1.9 Lyxor US DJIA 10 US$
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    • 5 6 WEEKLY
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    • 149 8 One-year top losers JULY 29 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Titanium 0.006 20.0 750 Mirach Energy 0.120 6.2 12,000 Sunshine 0.045 4.6 9,000 Sinostar 0.183 4.6 11,346 C&G Industrial 0.166 2.5 12,616 Jiutian Chemical 0.040 0.0 3,600 Novo Group 0.330 0.0 21,780 Annica 0.023 0.0
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    • 171 8 JULY 29 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Essence 0.295 5.4 6,195 Lippo-Mapletree Indonesia Retail Trust 0.640 4.9 10,240 Li Heng 0.151 4.9 3,020 Armstrong Industrial 0.325 3.2 12,350 Biosensors 1.360 3.0 27,200 Cacola Furniture 0.042 2.4 2,184 AIMS AMP I REIT 0.220 2.3 3,300 First
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    • 404 8  -  TEH HOOI LING Senior Correspondent THE one-year top losers portfolio tanked the most, by 2.2 per cent. That dragged the average of our portfolios’ performance down by 0.3 per cent. The culprit for the portfolio’s rather sharp decline was Reyphon Agriceutical which ended 13
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    • 152 8 sentiment JULY 29 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Longcheer 0.144 13.4 2,736 World Precision 0.625 5.0 11,875 Dairy Farm 10.733 5.0 10,733 People's Food 0.730 2.8 8,030 Goodpack 1.880 1.9 7,520 Cityspring Infrastructure Trust 0.485 1.0 4,365 Macquarie Int'l Infrastr 0.575 0.9 8,050 Stats
      152 words
    • 171 8 JULY 29 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Longcheer 0.144 13.4 2,736 TT Int'l 0.034 9.7 1,530 Hotung Investment 0.150 4.2 10,650 Metro 0.805 3.2 8,855 Datapulse 0.215 2.4 6,880 UOB-Kay Hian 1.670 1.8 8,350 Rotary Engineering 0.810 0.6 12,960 Silverlake Axis 0.410 0.0 13,530 Singapore Shipping
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    • 160 8 JULY 29 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Longcheer 0.144 13.4 2,736 China Essence 0.295 5.4 6,195 Li Heng 0.151 4.9 3,020 CSC Holdings 0.132 2.3 6,864 China Sky 0.126 0.8 2,142 Straits Asia Resources 3.020 0.7 15,100 JES International 0.250 0.0 13,000 Swiber 0.695 0.0 6,950
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    • 166 8 JULY 29 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Anwell Tech 0.395 8.2 6,557 Hotung Investment 0.150 4.2 7,200 Metro 0.805 3.2 8,855 Fortune Reit 0.631 2.9 8,203 Tuan Sing 0.375 2.7 19,500 Hong Fok 0.545 1.9 9,810 Fuxing China 0.111 1.8 5,772 QAF 0.685 1.5 17,125 China
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    • 1745 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying rose for the first time in the past four weeks while the selling among directors remained very low based on filings on the Singapore Exchange
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  • Page 7 Advertisements
    • 183 7 CATS Recruit The first door to your world of opportunities CLA/AUG06/g /-E.L TASTE S PARADISE! I Grandeur of Chinese Dining f p5 PARADISE PAVILION! Renaissance of Chinese Dining t*-■ -jjf ?<•»■-**' ENJOY EXQUISITE EPICUREAN CREATIONS FOR FREE i CitibaTTR Savour an impressive repertoire of exquisite creations and classic Chinese dishes
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    • 19 7 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings MATS NOTICES
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  • Page 9 Advertisements
    • 146 9 THE STRAITS TIMES. w Print. i _SXBA r if V 4 I 1 U* f. M Online. r m Now, your favourite paper comes App that brings you in a new ST the full print edition*. 4 st Free Trial Valid from now till 7 Sept 2011 Download at App
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  • SINGAPORE NEWS
    • 280 10 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD p.a.) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE p.a.) YEAR RAISED ISIN CODE MATURITY DATE 01.04.2012 N*****0A 2007 2 5/8 5100.00 1/10 1/4 119 101.63 0.21
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    • 306 10  -  HR firm says local market also presents opportunity to hire foreign talent By LYNN KAN GLOOM in Europe and the US is Singapore’s boon, as the republic experiences a reverse brain drain. Half of the employers surveyed in a recent Michael Page poll said that
      306 words
    • 398 10  -  Unit here will build the tanks, jetties, pipelines, utilities By RONNIE LIM WORK on Jurong Aromatics Corporation’s (JAC) US$2.4 billion petrochemicals complex on Jurong Island is getting into full swing with JAC just awarding a major sub-con-tract worth US$320 million to India’s Essar Group.
      398 words
    • 255 10 A NEW set of rules to better protect a client’s conveyancing money from being misappropriated kicks into gear today. Lawyers will no longer be allowed to receive and hold conveyancing money in their normal client accounts. Those who flout this rule could face
      255 words
  • Page 10 Advertisements
    • 134 10 CHINESE VICE ZONE VISITED ON LAOS AUGUST 2011 WWW.FORBES.COM < -4* W sia srr** |iM v ■%JW v POPIAH KING? SAM GOI MADE A BILLION OFF THE MODEST VEGETABLE WRAP PLUS THE REST OF SINGAPORE'S 40 RICHEST AUSTRALIA .A $10.00 INDIA RS180 KOREA W 8,000 PAKISTAN RS 300 TAIWAN NT
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  • Page 11 Advertisements
    • 152 11 Chevron congratulates the Economic Development Board on its 50th anniversary. Wherever we operate around the world, we build lasting relationships with local business partners. Singapore is home to our regional headguarters for the fuels and lubricants marketing, supply and trading, manufacturing and chemicals divisions and continues to be an important
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  • WORLD
    • 570 12 Investors put more cash into emerging markets, German stocks: EPFR Global Reuters [NEW YORK] Investors seeking a semblance of a safe haven as the US government careens towards potential default and a credit downgrade, put more cash into German equities and emerging markets,
      Reuters  -  570 words
    • 295 12 NYT [NEW YORK] Howard Stein, who as one of the fathers of the mutual fund industry introduced innovations like the first money market fund with no initial fee, died last Tuesday at his home in Southampton, New York. He was 84. The
      NYT  -  295 words
    • 588 12 AFP [NEW DELHI] Ford Motor Co was slow out of the starting gate in Asia but now the No 2 US carmaker is betting big on the region to drive global growth, says its Asia-Pacific chief. Ford has just announced plans
      AFP  -  588 words
    • 385 12 AFP [BANGKOK] A 77-storey skyscraper is set to become the latest, and tallest, addition to Bangkok’s everchanging skyline, already transformed by a construction boom that has raised fears of a property bubble. Variously described on Internet forums as looking “like it has been
      AFP; AFP PHOTO/HO/PACE DEVELOPMENT  -  385 words
  • Page 12 Advertisements
    • 1065 12 :*ATci NOTICES CHINASING INVESTMENT HOLDINGS LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Chinasing Investment Holdings Limited (the “Company”) will be held at ReUnion! Level 2, Hotel Re! Pearl’s Hill, 175A Chin Swee Road, Singapore
      1,065 words
    • 427 12 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF MAD ABOUT SANDWICH PTE LTD (In Members' Voluntary Liquidation) Reg No. *****9674G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Jalan Kilang Timor #06-01
      427 words
    • 261 12 IN THE MATTER OF THE COMPANIES ACT., CAP.50 AND IN THE MATTER OF HEALTHMARK INVESTMENTS PTE LTD (Co. Reg. No.: *****4801 E) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act., Cap. 50 that the Final Meeting of Members
      261 words

  • MALAYSIA/INDONESIA
    • 557 13  -  Investors, first and foremost, dislike uncertainty MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent THE hype over so-called billion dollar mega-pe-troleum projects isn’t doing the country’s credibility any good. Malaysia is seriously trying to project Johor as its new international oil and gas hub and
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    • 1865 13 VOL Jul 29 RM +/-(‘000) A M Realty 0.49 0.02 48 Abric Bhd 0.33 unch 198 Advance Synerg 0.21 unch 4312 Adventa Bhd 1.84 unch 41 Ae Multi Hldgs 0.26 0.01 26 Affin Holdings 3.40 -0.02 186 Ahmad Zaki Res 0.75 -0.01 111 Aic Corp unch unch 0
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    • 435 13 AFP [JAKARTA] Long-suffering Indonesian movie fans flocked to cinemas to see Harry Potter’s last stand, following the lifting of a boycott of the country by US studios over a tax dispute. Three weeks after Harry Potter and the Deathly Hallows: Part 2 debuted in
      AFP  -  435 words
  • Page 13 Advertisements
    • 65 13 ii'ii-j n JACKPOT miILS 7 4 vL? h n i TODAY Sales dose at 6pm Drawata30pmatPoMo _,ra [responsibiyj Do not bet illegally. Purpose and Benefit rcb Reg no: *****0202G For details, visit www.singaporepools.com.sg 2010EDITION A collection from The Business Times The diverseexperiences ofsome of the mostinfluential thinkers,corporate chiefs andsocial activists
      65 words

  • GREATER CHINA/INDIA
    • 605 14 Regional authorities expected to struggle to pay the US$1.7 trillion they owe Bloomberg [BEIJING] China’s local government financing units led losses in corporate bonds last month, as a cash crunch fanned concern that regional authorities will struggle to pay the US$1.7 trillion
      Bloomberg  -  605 words
    • 261 14 AFP [BEIJING] Chinese banks could withstand a worst-case scenario of a 50 per cent drop in home prices, according to stress tests conducted by regulators, a state media report said on Saturday. “The worries and suspicions that China’s banking industry
      AFP  -  261 words
    • 463 14 Consumers buying larger amounts as inflation hedge Bloomberg [VANCOUVER] Demand for physical gold in China may exceed consumption in India by the end of this year, said Chuck Jeannes, chief executive officer of Goldcorp Inc, the world’s No 2
      Bloomberg; AFP  -  463 words
    • 434 14 AFP [NEW DELHI] Indian farmers could get six times more cash for their properties under a new land acquisition bill aimed at accelerating industrial development in Asia’s third-largest economy. The draft bill is seen as key to defusing long-stand-ing tensions over land purchases, a
      AFP  -  434 words
    • 491 14 Firms left with less access to growth of payments business Bloomberg [SAN FRANCISCO] Alibaba Group Holding Ltd ended a four-month spat with its two largest shareholders over how to compensate investors after an ownership change at China’s most popular online-payment service, coming to
      Bloomberg  -  491 words
  • Page 14 Advertisements

  • SWISS NATIONAL DAY
    • 1330 15  -  The nation stands for reliable business, tradition and modern, openness and quality of life By JOERG ALOIS REDING Swiss Ambassador to Singapore EMERGING from its origins in 1291 as an alliance between the citizens of four mountain valleys to protect their political and juridical autonomy, Switzerland
      PHOTO ABOVE: PERRETFOTO.CH  -  1,330 words
    • 1191 16  -  Swiss biopharma and chemicals firms are investing in Singapore and plan for further expansion, reports VINCENT WEE reports VINCENT WEE THE fit between Swiss biopharma and chemicals companies and Singapore is a good one, leading to significant investments in these respective areas. Swiss investment in
      FILE PHOTOS; FILE PHOTO  -  1,191 words
    • 1032 18  -  The diversity of the Swiss banking infrastructure provides clients with a truly universal service offering, says PATRICK ODIER PATRICK ODIER The writer is president of the Swiss Bankers Association SWITZERLAND has emerged from the financial crisis relatively unscathed and has even managed to further
      PHOTO ABOVE: BLOOMBERG  -  1,032 words
    • 675 19  -  Dynamism and creative power are what makes the Swiss watch industry exceptional, says JEAN-DANIEL PASCHE JEAN-DANIEL PASCHE The writer is president, Federation of the Swiss Watch Industry FH THE watch industry is a key sector of the Swiss economy and is represented by the Federation of
      PHOTO ABOVE: BLOOMBERG  -  675 words
    • 1129 20  -  Singapore’s good geographic location plays a key role in logistics firms’ decision to invest here, reports VINCENT WEE reports VINCENT WEE THE involvement of Swiss companies in the logistics space in Singapore has been an ongoing and important one with many investments by all the key
      SINGAPORE FREEPORT  -  1,129 words
    • 1136 21  -  The relationship between Switzerland and Singapore has worked well over the years and continues to grow with mutual benefits, reports VINCENT WEE reports VINCENTWEE THE Swiss have engaged Singapore for some 150 years, with what is now known as the Swiss Club having been established way back
      PLANET SOLAR  -  1,136 words
  • Page 15 Advertisements
    • 182 15 Until Muhammad Ali had become 'The Greatest', he would not rest. Nor would Angelo Dundee, his trainer. (London, 1966.; 7 fid How is a client advisor like a great cornerman? What qualities made Angelo Dundee one of the greatest cornermen that ever lived? And enabled his most famous fighter to
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  • Page 16 Advertisements
    • 18 16 Extra soothing and great tasting. Ricola Elderflowers, the little secret from the Swiss Alps. CUaaUi I Naturally good.
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    • 65 16 «We help you optimise business information processes and transform your most important relationships.» With more than 6‘000 people working for Swiss Post Solutions in Europe, North America, the Middle East and Asia and through our extensive partner network we offer you access to a delivery that spans the globe. Our
      65 words

  • Page 17 Advertisements
    • 329 17 Successful logistics is a question of creativity. Complex tasks demand precisely tailored solutions. With its international know-how and practical experience of over a century, Kuehne Nagel has more than mastered this challenge. As one of the largest global players in transport and logistics, Kuehne Nagel develops individual solutions for complex
      329 words

  • Page 18 Advertisements
    • 115 18 </< X 17 V > The Swiss spifflof Invention GoPmerSenus at Khe or a Du tror MeJ "C ISIS The Combi-Steam XSL with the world innovation GourmetSteam. Cook at home like a mattre de cuisine: pre-programmed gourmet recipes allow you to create the finest of menus at the touch of
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  • Page 19 Advertisements
    • 36 19 For us, private banking means drawing on tradition to create new value. Also for you: +65 6532 5325 or www.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore Registration No. T05FC6716B-PTE-01 Clariden Leu SWISS PRIVATE BANKING SINCE 1755
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  • Page 20 Advertisements
    • 175 20 «AMID THE UPS AND DOWNS OF TODAY'S EVER-CHANGING WORLD, IT'S GOOD TO KNOW YOU'RE STANDING ON FIRM FOUNDATIONS.» fd&er 1 project m<^Kdement process opj mi Sail or\ efficient structured epli/wsi /nc^epen^etnt t/irtud) teams i/ajue Creation 1 33 F4V*: _x B 1 OT V Solution Providers is an established, globally active
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  • Page 21 Advertisements
    • 77 21 Private Placement Life Insurance Exclusively tailored High-end insurance combined with Private Banking Asset Management In today's complex financial environment, you face increasingly higher financial exposure. Designed to meet your needs of asset protection and financial peace of mind, the Private Placement Life Insurance Products (PPLI), offered by Swiss Life, are
      77 words

  • WORLD
    • 638 22  -  JBIC confident of foreign demand for nuclear power, shinkansen systems By ANTHONY ANTHONY ROWLEY in Tokyo CONFIDENCE in nuclear power may have been shaken by the Fukushima disaster and China’s recent accident may have made some people nervous about the safety of high-speed rail
      BLOOMBERG FILE PHOTO  -  638 words
    • 631 22 Opposition targets hiring of PM’s aide, Murdoch’s BskyB bid AFP [LONDON] Britain’s opposition Labour party yesterday challenged Prime Minister David Cameron to “come clean” over his links with the Murdoch media empire, reviving pressure on the government over phone hacking. In
      AFP  -  631 words
    • 571 22 NYT [CHICAGO] This city’s market for the pork belly, a commodity nearly everyone seemed to have heard of but only a small, close-knit fraternity truly understood, is no more. When the Chicago Mercantile Exchange (CME) announced the other day that pork
      NYT  -  571 words
    • 667 22 AP [BUDAPEST] Jenson Button celebrated his 200th Formula One race yesterday with victory at the Hungarian Grand Prix, where Red Bull’s Sebastian Vettel stretched his commanding lead in the championship with a sec-ond-place finish in wet conditions. McLaren’s Button was steadiest in
      AP; AFP  -  667 words
    • 471 22 AFP [PARIS] Pension funds have recovered from the darkest days of the financial crisis, clawing back more than 80 per cent of the value lost in 2008, the Organisation for Economic Cooperation and Development (OECD) said last week. But sluggish growth in
      AFP  -  471 words

  • AVIATION/SHIPPING
    • 571 23 Drop of 1.1% or 14 points to 1,264 is the 16th straight decline Reuters [LONDON] A prolonged coal strike by workers in South Africa, one of the world’s top five coal exporters and a key supplier to Atlantic and Pacific markets,
      Reuters  -  571 words
    • 420 23 LAT WP [WASHINGTON] They don’t take tickets, hand peanuts to passengers or control airliners in flight, but the people furloughed a week ago by a funding stalemate in Congress are key players in the future of aviation. They are thousands of construction workers in
      LAT; WP  -  420 words
    • 458 23 Reuters [LONDON] The European Union (EU) should avoid pursuing its own market measures targeting shipping and allow the United Nations’ maritime agency to tackle combating greenhouse gas emissions, the ship industry has told the EU. Earlier this month, the UN’s
      Reuters  -  458 words
    • 665 23 Bloomberg [SINGAPORE] Plunging rates for chartering container vessels that carry sneakers, furniture, and flatscreen TVs may signal a US consumer slowdown and losses for shipping lines in what is traditionally their busiest time of the year. Fees for hiring vessels have fallen
      Bloomberg; AFP  -  665 words
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    • 124 23 ASIA-WEST AFRICA TRADE AGREEMENT (AWATA) Notice for General Rate Increase (GRI) In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the Members Lines of the Asia West Africa Trade Agreement (AWATA) have decided to implement
      124 words
    • 341 23 BENGAL TIGER LINE PTE LTD NOTICE TO TRADE RATE RESTORATION FOR SINGAPORE/ PORT KLANG CHENNAI/VIZAG TRADE In view of the relentless increase in the operating costs which can no longer be endured by ourselves, we have no option but to impose the following Rate Restoration with effect from 15th August
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  • Page 23 Miscellaneous
    • 356 23 CRYPTIC CROSSWORD Across 1 Choose first voting system always blocked by France (6) 5 Source of energy before autumn producing unexpected riches? (8) 9 Dim inspector taken in by natural impulse (10) 10 Follow closely those lower in order (4) 11 Mound of discarded stuff with dirt set out around
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  • SINGAPORE CORPORATE AWARDS
    • 746 24  -  By LYNETTE KHOO AFTER undergoing a rigorous evaluation of their top executives, their boards and the quality of their disclosures, the very best companies emerged last month to be honoured at the Singapore Corporate Awards 2011 (SCA). The SCA recognised 30 public-list-ed companies and six individuals at
      Photos by JOHN HENG  -  746 words


  • VIEWS FROM THE TOP
    • 3450 26 THIS WEEK’S TOPIC: What was the best financial advice you received as a young person? How can today's parents best ensure that their children have a working knowledge of financial management as they enter adulthood? Jimmy Lee CEO, Asia Clariden Leu THE best financial advice that
      STOCK.EXCHNG  -  3,450 words

  • Page 27 Advertisements
    • 250 27 (I v w M a FX Traders You'll be in good company 7 7k 7k 7k 7k Best Speed of Execution Best Research and Analytics Best Effective Risk Management and Execution Strategies Best Integrated Workflow and Compliance Solutions Best Improved Overall Best Improved Overall Market Share by Volume Market Share
      250 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 865 28  -  Most people, including young investors, should buy an annuity policy to finance their retirement, dons tell MINDY TAN MINDY TAN IT APPEARS that even during Roman times, the eternal question plagued people: no, not of the meaning of life but of how to live (admittedly, relatively)
      865 words
    • 1056 28  -  Roy Chua switched courses in university to follow his heart, reports DICKSON LI STARTING YOUNG reports DICKSON LI GRIT, sheer determination and a healthy risk appetite that’s what it took for Roy Chua to get to where he is today. Now an executive in
      ARTHUR LEE  -  1,056 words
    • 328 28 ASK DR INVEST Q: I have always read about hedging in investment literature. How can we hedge as novice investors? Can you share some examples? A: In investing terms, to hedge is to simply enter into a transaction that is able to
      328 words
  • Page 28 Advertisements
    • 334 28 Get started now ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock-market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple iPod
      334 words

  • DINING OUT
    • 828 29  -  NEW RESTAURANT By Geoffrey Eu The Moluccas Room The Shoppes at Marina Bay Sands 2 Bayfront Avenue 01-81 Tel: 6688-7367 www.themoluccasroom.com A RUDIMENTARY knowledge of South-east Asian geography is required to pinpoint the Moluccas a remote Indonesian archipelago sometimes referred to as The Spice
      828 words
  • Page 29 Advertisements
    • 283 29 Hgk SINGAPORE INDOOR STADIUM 8PM 11 August 2011 N r* &S EXCLUSIVE TICKETS Son 91.3FM PRESENTED BY OFFICIAL RADIO STATION Midas Promotions 913FM www.midaspromotions.com TODAY'S BEST MUSIC 1 Wine, s Wf, <9 Wi m GET INTO THE SINGAPORE SPIRIT! L triple yjb three CHEERS TO 46 YEARS OF INDEPENDENCE! Commemorate
      283 words
    • 12 29 www.omy.sg •V <1 r in®' lifestyle.omy.sg i >*. a: in iPhone skin blog.omy.sg/kysean
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  • SINGAPORE STOCKS
    • 8765 30 Week ended: Jul 29 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 21 13.2 8Telecom 15 unch 140 15 14.5 14.5 15.5 7.8 4.1 3.1 71.8 12 4.5 A-Sonic 6.8 +0.1 230 6.8
      8,765 words
    • 1701 31 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 $mil 34 20 t 800 Super 22 -1.5 ***** 23.5 20 22 22.5 7.6 39.3 5.5 3.7 t AA Grp 3.7 3.4 4 17.6 3.6
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    • 115 31 Stock name Close Change CapMallsAsia 1.435 CapitaLand 2.900 -0.020 CapitaMall 1.885 +0.005 CityDev 10.560 +0.060 ComfortDelGro 1.435 -0.005 DBS Grp 15.530 +0.200 F&N 6.000 +0.050 GLP 2.020 +0.020 Genting SP 1.900 -0.025 Golden Agri 0.730 Stock name Close Change HK Land 6.720 +0.090 JMH 57.310 -1.690
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    • 2619 31 Transaction date: Jul 29 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.13 unch 0 Aeon Stores 18.58 0.08 17 Angang Steel 8.06 -0.02 2172 Anhui Conch 36.50 -1.30 ***** Anhuiexpresswa 5.25 unch 2148 Asia Satellite 17.50 -0.30 0 Asm Pacific 85.60 -1.70 2730 Bank Of E Asia 30.10
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    • 259 31 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A43 -5 3 49.5 40 43.5 49 3.6 8.1 3.4 112 55 24 Genting HK US$ US43.5 +2 ***** 45 40.5 43.5 44 2864.3
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    • 186 31 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 2 0 0 0 7 7 2 Manufacturing 86 82 49 14 17 8 100 99 57 Commerce 29 34 13 4 8 1 33 42 14 Tpt/Stor/Comms 14 26 7
      186 words
    • 1002 31 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 116 +2.7 32 116 113.5 114.3 116 529.5 1207 890 CIMBAsean40 100US$ US1119 +16 11 1119 1100 1107 1119 44.8
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    • 123 31 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 151,710 151,710 396,078 396,078 Manufacturing 1,375,500 131,464 1,506,964 1,113,197 5,867 1,119,064 Commerce 681,597 35,869 717,466 569,027 7,372 576,399 Tpt/Stor/Comms 955,768 27,286 983,054 1,525,268 3,256 1,528,524 Finance 145,149 92,048 237,197 1,023,988 28,539 1,052,527 Construction 357,141 142,065
      123 words

  • Page 31 Advertisements
    • 26 31 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words

  • FINANCE & COMMODITIES
    • 374 32 In local curr In S$ In US$ dy yr dy yr dy yr Jul 29 Index Change Change Change Change Change Change World Index Preliminary 889.2 -0.5 -0.9 -0.1 -3.9 -0.3 2.3 EAFE Preliminary 759.2 -0.8 -5.2 -0.1 -4.8 -0.3 1.3 Europe Preliminary 1117.1 -0.9
      374 words
    • 77 32 CRUDE OIL PRODUCTS Jul 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.57 0.31 WTI (Near Mth) 97.23 -0.15 Dubai (1-Mth F) 112.13 -0.39 Tapis blend 122.95 -0.12 Minas 118.95 -0.12 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.47 0.69 Jet Kerosene 131.25 -0.25 US$/barrel Opec Oil
      77 words
    • 141 32 Jul 30 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 394 Oct 11 419 Nov 11 491.0 488.0 488.9 18 430 Dec 11 533 Jan 12 259 Feb 12 494.5 494.5 494.5 4 194 Mar 12 159
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    • 66 32 As on 29 July 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE CURRENCY Euro-US Dollar Sep-11 1.4377 1.4213 1.4334 1.4286 Euro-US Dollar Cash Sep-11 1.4326 1.4326 1.4369 1.4282 GBP-US Dollar Sep-11 1.6381 1.6378 1.6449 1.6314
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    • 107 32 Jul 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1354.25 1367.75 1373.75 1349.00 Sep 11 1348.50 1362.50 1368.50 1343.50 Nov 11 1357.25 1371.50 1377.75 1351.50 Jan 12 1368.25 1382.00 1386.50 1362.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 55.65
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    • 85 32 Jul 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 27.10.2011 0.23 0.16 0.08 1-Year BY*****X 02.05.2012 0.28 0.18 0.17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.90 103.95 103.93 5-Year N*****0W 1.125
      85 words
    • 451 32 Jul 29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6150 0 3189 Dec11 99.4950 0 4250 Mar12 99.4400 0 1611 Jun12 99.3950 0 2034 EUROYEN TIBOR FUTURES Sep11 99.6600 0 1176 Dec11 99.6600 0 1478 Mar12 99.6575 0 1823 Jun12 99.6550 0 1374 Sep12 99.5850
      451 words
    • 121 32 As at 9am Jul 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.365 1.288 Can dollar 1.288 1.239 Euro 1.754 1.687 Sterling pound 2.005 1.928 NZ dollar 1.075 1.024 US dollar 1.219 1.173 Local dollars to 100 units of foreign
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    • 27 32 Jul 29 Open High Sett STI Aug 3153 SIMSCI Aug 365.0 367.0 364.7 Taiwan Aug 304.4 305.9 299.6 Source: MF Global (S) Pte Ltd
      27 words
    • 2699 32 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 22.5 1 150 21 6.31 34 ASJ Hldgs W*****1 0.5 unch 444 1 4 7 8.40 7 AlliedTech W*****2 1.7 unch 10 1 4 28 Asia Water Tech
      2,699 words
    • 177 32 Jul 29 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.25 0.15 1 month 0.30 0.20 2 months 0.35 0.25 3 months 0.42 0.32 6 months 0.54 0.44 9 months 0.75 0.55 12
      177 words
    • 462 32 Jul 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.040 7.038 0.766 8.518 48.260 92.930 0.848 11.522 3.241 1.261 94.559 46.053 1.318 7.407 0.876 31.565 32.507 0.671 1.093 Canada 0.962 6.770
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    • 85 32 Jul 29 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 138 32 Jul 29 GOLD (US$/oz) Jul 29 Jul 28 Hong Kong 1613.50 1618.00 Jul 28 Jul 29 London 1605.20 1623.12 1606.20 1623.99 Source: Thomson Reuters CAST BAR Jul 29 (S$) Selling Buying Kilobar 67,024.80 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 150 63 5gm 426 313 10gm 761
      138 words
    • 71 32 Jul 29 Jul 29 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2596.75 2611.00 3 months 2624.00 2638.00 Copper, Grade A (US$/tonne) Cash 9811.25 9794.00 3 months 9830.00 9814.00 Lead (US$/tonne) Cash 2594.75 2637.00 3 months 2613.00 2655.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 65 32 Jul 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3110 3110 3120 3095 231 2465 Sep 11 3103 3097 3112 3082 2782 ***** Oct 11 3097 3096 3114 3080 ***** ***** Nov 11 3100 3093
      65 words
    • 154 32 Jul 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3177 1.3191 1.0927 1.0930 Canadian dollar 1.2675 1.2690 1.0511 1.0514 Euro 1.7209 1.7227 1.4271 1.4274 NZ dollar 1.0447 1.0460 0.8663 0.8667 Sterling pound 1.9642 1.9660 1.6288 1.6290
      154 words
    • 22 32 Jul 29 S$ Bid Offer 1-month 1.2058 1.2068 2-months 1.2057 1.2067 3-months 1.2056 1.2066 6-months 1.2046 1.2057 Source: OCBC
      22 words
    • 81 32 Jul 29 COCOA (£/tonne) Close Prev High/Low Sep 11 1852 1862 1873/1845 Dec 11 1885 1894 1904/1880 Mar 12 1901 1915 1920/1897 May 12 1912 1925 1929/1910 COFFEE (US$/tonne) Close Prev High/Low Jul 11 2039 unch Sep 11 2092 2084 2109/2055 Nov 11 2125 2116 2142/2088 Jan 12 2139
      81 words

  • 5328 33 n 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 Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMFLUSH Muscat/Sharjah/Doha *Loads
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  • Page 33 Advertisements
    • 26 33 Experienced Ship maintenance services wanted. Can they find your services here in the Shipping Times? To All Shipping Advertisers: Please call Joe Wong at 9620 1327
      26 words


  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 904 35  -  Memjet hopes to use S’pore as a significant base to take tech forward, reports AMIT ROY CHOUDHURY reports AMIT ROY CHOUDHURY ANEW type of thermal inkjet technology is expected to make colour printing cheap and ubiquitous and the company developing this technology counts Singapore
      904 words
    • 420 35  -  By AMIT ROY CHOUDHURY DRIVEN by a number of regional deals, the Singa-pore-headquartered Rest of the World (RoW) region’s business of Indian IT major HCL Technologies grew more than twice as fast as the global rate for the company in the financial year
      420 words
    • 216 35  -  By VICTORIA HO NEC and ST Electronics will set up a cloud computing joint venture here. Japan’s NEC will hold a 60 per cent stake, with ST Electronics, the electronics arm of ST Engineering, owning the remaining 40 per cent. The new firm,
      216 words
    • 650 35 They prefer lighter, sleeker products as space is so scarce Bloomberg [TOKYO] When Yuta Moriya was offered Apple Inc’s 613-gram iPad by his employer last summer, he envisioned a future free of lugging his laptop around for client visits. He was wrong. “I used to
      Bloomberg  -  650 words
    • 545 35  -  By VICTORIA HO A GLOBAL survey of 3,000 chief information officers (CIOs) has revealed that more than half of companies interviewed have aligned business operations with IT tightly. Sixty-eight per cent saw technology as critical to the success of
      545 words
    • 370 35 Bloomberg [NEW YORK] Google Inc, facing a growing threat of intellectual-property lawsuits, acquired a batch of patents this month from International Business Machines Corp (IBM) to bolster its portfolio. The US Patent and Trademark Office on July 11 and 12 recorded more than 1,000 patents
      Bloomberg  -  370 words

  • Page 36 Advertisements
    • 301 36 JPMorgan Global Dynamic Fund human behaviour creates unique investment opportunities. Many investors make emotionally influenced decisions that can cause market irregularities. Using behavioural finance investing, the JPMorgan Global Dynamic Fund seeks to capitalise on opportunities arising from these irregularities by selecting both fast-growing and inexpensive stocks. Go against the herd.
      301 words