The Business Times, 24 October 2011

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Total Pages: 31
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Monday, October 24,
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  • 1066 1  -  Private residential sector’s share of caveats has fallen since Q2 2009 By KALPANA RASHIWALA [SINGAPORE] Property investors with a budget of below $1.5 million are diversifying from the residential sector to other sectors, most notably industrial, in bigger numbers since the government began introducing
    Source: URA REALIS, Jones Lang LaSalle Research, data accessed on Oct 12, 2011  -  1,066 words
  • 388 1 Bloomberg [BANGKOK] Prime Minister Yingluck Shinawatra said Thailand’s worst flooding in 50 years may reach inner Bangkok, as a deluge from the north drains through the capital and threatens to overrun canals in the city centre. “Bangkokians will have some impact as water
    Bloomberg; REUTERS  -  388 words
  • 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 2,712.41 -31.76 KL COMP 1,438.83 -3.60 NIKKEI 225 8,678.89 -69.07 HANG SENG 18,025.72 -476.07 SET INDEX 916.34 -39.47 JAKARTA COMP 3,620.66 -44.02
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  • Page 1 Advertisements
    • 212 1 DINING OUT Grass-fed-beef steaks, anyone? PAGE 24 VIEWS FROM THE TOP Towards a better life for all PAGES 12 13 BizIT HP unveils new cloud products, services PAGE 30 HOCK LOCK SIEW Synear's unpalatable rude shocks PAGE 6 IWC Ingenieur. Created for explorers. Ingenieur Double Chronograph Titanium. Ref. 3765: Nothing
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    • 3 1 8 *****1 *****4
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  • TOP STORIES
    • 569 2 Investors shift focus to industrial properties SINGAPORE property investors with a budget of below $1.5 million are diversifying from the residential sector to other sectors, most notably industrial, in bigger numbers since the government began introducing measures to cool the residential sector in September 2009. FRONT PAGE Five
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    • 904 2  -  They sue Asian Tour over their right to play in tournaments not endorsed by it By JOYCE HOOI [SINGAPORE] The golf war that has been brewing since 2009 will move from the green to the High Court today as five
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    • 791 2  -  B y NEIL BEHRMANN in London EUROPEAN leaders have so far only tentatively agreed that the euro zone’s stricken banks should raise their capital by a total of around 100 billion euros (S$177 billion) to cover losses on Greek and other
      AP  -  791 words
    • 520 4  -  Chairman also reveals sale of Royal Brothers Building stake recently was at $3,050 psf By KALPANA RASHIWALA [SINGAPORE] Royal Group, controlled by Asok Kumar Hiranandani and his son Bobby, has bought two adjacent office blocks at Phillip Street in Singapore’s Raffles Place
      FILE PHOTOS  -  520 words
    • 803 4  -  WALL STREET INSIGHT By ROB CURRAN THE US stock market continued its rally last week as the end to an agonizing summer-long wait for a European bailout plan finally came in sight. This week, investors will decide whether the plan was worth
      803 words
  • Page 2 Advertisements
    • 155 2 .v'V'l"/"/"/, .A 60 70 80 A 90 A 1 C* 50 120 100 100 140 40 MPH km/h 60 110 =****** 200 _J20 40 130^10 0 Adapt. Advance. Accelerate. Uncertainty, issue convergence and factors beyond your control will continue to transform market places, government and business in the foreseeable future.
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  • Page 3 Advertisements
    • 469 3 If travel comes with surprises, to you they will only be pleasant. As calm is always your companion and luxury plans your trip. Even the farthest destinations arrive effortlessly on a platter. For when you travel, there's a card that looks after everything for you. HSBC Visa Infinite. For those
      469 words

  • Page 4 Advertisements
    • 2545 4 thebusinesstimeswww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
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  • Page 5 Advertisements
    • 209 5 DBS PRIVATE X BANK One Private Bank knows precisely where the smart money in Asia should go. "7 i;, f 'M., •>*:%- T ,1, i T K f I i M-* f vi £;P r 'iithHUs» S3TT n.f If i :,X 4 > T -si vs, T JT, p And
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  • COMPANY NEWS
    • 606 6  -  It seeks tie-up with European brands eyeing China market By DOLLY CHIA SET FOR a secondary listing on the London Stock Exchange (LSE), China-based and Singapore-listed Great Group Holdings is hoping the move will help it gain presence in the European markets.
      606 words
    • 359 6 THE inaugural Singapore Corporate Governance Week held last year brought together a number of listed companies that publicly pledged to uphold the highest standards in corporate governance. This year’s Singapore Corporate Governance Week will be held from today to Friday. A key feature of the programme
      359 words
    • 682 6  -  HOCK LOCK SIEW By LYNETTE KHOO SHAREHOLDERS of Synear Food got their first rude shock last Thursday when media reports surfaced in China that a batch of savoury dumpling products were found to contain staph bacteria. Their next rude shock came from realising that Synear had
      682 words
    • 161 6 Reuters [NEW YORK] Investors returned to equity funds during the week ended Oct 19 after four consecutive weeks of outflows, data from Thomson Reuters’ Lipper showed last week. Equity funds received US$783 million in that period as retail investors joined a stock
      – Reuters  -  161 words
    • 235 6 Reuters FORTRESS Investment Group LLC plans to launch its second hedge fund in Asia next year that would trade volatility and aim to protect investors from tail risk, or rare and extreme events in financial markets. “We’re starting a vol-based (volatility-based) convexity fund
      Reuters  -  235 words
    • 776 7  -  Bank statements and sales tax invoices fabricated, it says By JAMIE LEE MANY of Hongwei Technologies’ recent bank statements and sales tax invoices have one thing in common: they’re fake. In a damning special auditor’s report released last Saturday, KPMG told of “templates” found
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    • 442 7  -  By EMILYN YAP THE past quarter was a volatile one for Singapore banks and the market will be closely watching their results next week for signs of how well they and the rest of the economy have endured the ride so far.
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    • 328 7 COMPANY MEETING PLACE DATE TIME 800 Super Hldgs A Orchid Country Club, Sapphire 3, Level 2, Orchid Lodge, 1 Orchid Club Road, Singapore *****2 24-Oct 10.00am Health Mgt Intl A i-Connect Room, 168 Jalan Bukit Merah, Ground Floor, Surbana One, Singapore *****8 24-Oct 4.00pm Gems TV Hldgs A
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    • 403 7 Oct 21 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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  • Page 6 Advertisements
    • 396 6 Fortress launching 2nd hedge fund in Asia Equity funds see first inflows in five weeks [NEW YORK] Investors returned to equity funds during the week ended Oct 19 after four consecutive weeks of outflows, data from Thomson Reuters’ Lipper showed last week. Equity funds received US$783 million in that period
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  • Page 7 Advertisements
    • 62 7 CREDITSUISSE 7.V JV I MvM r < A J > J r 7 N- > s V 'V 4 <• r r y ft r V > r t C I r fj r~3ft i>. y t I vk I i III V ft -W 1\ A > NK BAIDU'S
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  • SINGAPORE MARKETS
    • 629 8  -  STOCKS R SIVANITHY Senior Correspondent LAST week’s column discussed the likelihood of a “buy in anticipation” play developing as traders bet on European leaders continuing to issue bailout/rescue promises. As it turned out, this was indeed the case, with Western markets enjoying decent
      629 words
    • 589 8 COMMODITIES AFP [LONDON] Commodity prices mostly fell last week on eurozone debt tensions, weaker-than-expected Chinese growth data and the death of Muammar Gaddafi, the former strongman in oil-producer Libya. There were late rallies however, on hopes that European leaders would use summit meetings on
      AFP  -  589 words
    • 1672 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 2 9.15 10.66 1.32 0.98 Amtek Engg Ltd 2.00 2.00 5 0.10 5.39 1.04 0.68 ARA Asset Management Ltd 1.71
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    • 584 8 Growth outlook weakens and inflation stays high CURRENCIES Bloomberg [TAIPEI] Asian currencies completed the worst week in a month, led by India’s rupee, as concern that the region’s economic growth is faltering prompted global funds to withdraw cash. Data
      Bloomberg  -  584 words
    • 4 8 WEEKLY
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    • 66 8 Oct 21 VALUE CLOSE BT OB/OS 655.00 -48.00 BT CADI -*****.00 +100.0 BT 10-day MA -*****.00 +66.00 FTSE ST Mid Cap 611.12 +5.23 FTSE ST Small Cap 415.74 +1.51 FTSE ST All Share 653.37 +4.48 FTSE ST China Top 188.70 +1.88 FTSE ST China 222.50 +2.38 FTSE
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    • 57 8 VOLUME Golden Agri 347,694,000 Genting SP 284,620,000 NexGenSCom 195,415,000 Noble Grp 187,678,000 STXOSV 137,737,000 PSL Hldgs 127,078,000 HPH Trust US$ 101,918,000 Yangzijiang 97,417,000 Midas 91,397,000 SingTel 73,603,000 VALUE($) Genting SP 458,509,880 Keppel Corp 445,307,074 Noble Grp 267,060,510 SingTel 232,996,140 Golden Agri 215,494,370 DBS Grp 213,466,182 SembMar 210,384,890
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    • 117 8 BY CENTS CLOSE UP DBXT AUDMM 5SG$ ***** 476.0 1.9 IS S&P500 ***** 166.2 1.1 DBXT MSKorea 10US$ 5141 136.8 2.1 Lyxor AsiaRE 10US$ 715 112.5 14.0 OCBC Bk 5.1%NCPS 100 ***** 109.0 1.0 DBXT MSUSA 10US$ 2957 85.7 2.3 IS MSCI Spore 1150 79.3 5.7 Lyxor Nasdaq100 10US
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    • 123 8 BY CENTS CLOSE DOWN GLD 10US$ *****-691.8 -3.3 DBXT Nifty 10US$ *****-433.5 -3.2 DBXT AUDMM 5US$ *****-241.7 -0.9 Asia Pac Brew 2500-200.0 -7.4 Lyxor AsiaMT 10US$ 5167-139.4 -2.1 DBXT SPASX200 10US$ 3112-125.3 -3.1 DBXT FTChina25 10US$ 2415-124.0 -3.9 DBXT E50 10US$ 3541-122.8 -2.6 Lyxor China H 10US$ 1156-102.3 -6.5
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    • 5 8 WEEKLY
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    • 166 10 OCT 21 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Flexible Packaging 0.074 8.8 2,146 Tuan Sing 0.295 5.4 15,340 Pacific Andes 0.230 4.5 11,500 United Fiber System 0.025 4.2 2,250 Auric Pacific 0.520 4.0 3,120 Fortune Reit 0.589 1.7 7,657 QAF 0.590 1.7 14,750 Innotek 0.355 1.4
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    • 480 10  -  TEH HOOI LING Senior Correspondent INVESTORS are still very much undecided whether to commit their money to the market at this stage. While some blue chips have recovered rather significantly off their lows of Oct 4, among them Keppel Corp and Sembcorp
      480 words
    • 148 10 top losers OCT 21 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Sunshine 0.046 24.3 9,200 Reyphon Agriceutical 0.100 22.0 20,000 C&G Industrial 0.131 18.0 9,956 Jiutian Chemical 0.047 17.5 4,230 JEL 0.009 12.5 2,250 China Energy 0.055 1.9 2,255 Ellipsiz 0.094 1.1 9,400 China Auto Electronics 0.065 0.0
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    • 156 10 OCT 21 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Essence 0.181 7.7 3,801 Hong Leong Asia 1.810 7.7 12,670 Pacific Andes 0.230 4.5 15,640 CSC Holdings 0.100 4.2 5,200 Hupsteel 0.190 2.7 5,890 China Sports 0.053 1.9 1,537 Low Keng Huat 0.305 1.7 10,065 Mercator Lines 0.134
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    • 1618 10  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying was down for the second straight week while the selling among directors remained very low based on filings on the Singapore Exchange in the
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    • 171 10 OCT 21 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Hong Leong Asia 1.810 7.7 12,670 Nera Telecoms 0.360 4.3 7,920 MFS Technology Ltd 0.052 2.0 1,404 Transpac Indl 1.640 1.9 4,920 Innotek 0.355 1.4 4,970 UOB-Kay Hian 1.530 0.7 7,650 Elec Eltek Int'l 3.619 0.1 10,857 Datapulse 0.215
      171 words
    • 149 10 sentiment OCT 21 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Hi-P 0.585 5.4 7,605 Pan-United Corp 0.425 3.7 5,100 FSL Trust 0.305 3.4 3,355 Goodpack 1.570 2.6 6,280 China Energy 0.055 1.9 2,475 China Taisan 0.099 0.0 3,960 Del Monte 0.410 0.0 4,100 Longcheer 0.091 0.0
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    • 168 10 OCT 21 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Kangda Food 0.088 8.6 2,288 China Essence 0.181 7.7 3,801 Food Empire 0.330 6.5 3,630 First Resources 1.360 5.4 25,840 Biosensors 1.275 3.7 25,500 Pan-United Corp 0.425 3.7 5,100 Goodpack 1.570 2.6 7,850 The Hour Glass 1.090 2.3
      168 words

  • SINGAPORE NEWS
    • 521 9  -  Discussions going on about Indonesian plan to cater to domestic gas needs By RONNIE LIM SUPPLIES of additional Indonesian piped gas to Singapore earlier scheduled to begin arriving here from Oct 1 are being held up, amid ongoing discussions over an Indonesian
      521 words
    • 111 9 ON Citi’s Global Community Day last Saturday, (from right) Citi Singapore Corporate Affairs head Adam Rahman; International Personal Bank business manager Sambamurthy C R; Mayor of South East district Mohamad Maliki Osman; Citi Asia Pacific CEO Shirish Apte (fourth from left); and Citi Singapore
      111 words
    • 273 9 He cites amenities, conditions in estates such as East Coast THE government is committed to improving the amenities and conditions in older housing estates such as Yishun and East Coast, said Prime Minister Lee Hsien Loong yesterday at the opening of a
      273 words
    • 855 9 Payment Ex Books Pay Ann (cts) date close date date 800 Super Hldgs ak 0.550 28-Oct 01-Nov 17-Nov 10-Oct Ace Achieve Infocom bo 0.400 28-Oct 01-Nov 18-Nov 19-Oct AIMS Amp Cap Ind Reit ag 2.500 18-Oct 20-Oct 07-Dec 07-Oct Amtek Engg an 5.500 04-Nov 09-Nov 22-Nov 26-Aug Ascendasreit
      855 words
  • Page 9 Advertisements


  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 903 11  -  With investing, there are any number of factors which influence your portfolio’s value but lie entirely outside of your sphere of influence; interest rates are one such variable, reports TEH SHI NING WITH investing, there are any number of factors which influence your
      LUDWIG ILIO  -  903 words
    • 933 11  - Investment tips from the Red Cross Lim Tern Poh’s experiences and observations in his daily life give him investment ideas, STARTING YOUNG reports DOLLY CHIA A GOOD book can stir the heart. For 23-year-old Lim Tern Poh, reading The Automatic Millionaire by David Bach was all he needed to kick-start
      ARTHUR LEE  -  933 words
    • 334 11 ASK DR INVEST Q: Given current market volatility, what are the top priorities for investments that investors should take note of? NAvoid being too transactional It is quite common that opportunities are bought into by investors without taking into account their long-term investment plan,
      334 words
    • 276 11 ‘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
      276 words
  • Page 11 Advertisements
    • 51 11 The Business Times-Citibank Young Investors’ Forum is published every Monday. It aims to raise the financial awareness of young adults, especially tertiary students, and empower them with the financial knowledge and skills vital to making investing and wealth management decisions. The forum is part of Citibank’s efforts to promote financial
      51 words

  • VIEWS FROM THE TOP
    • 2589 12 THIS WEEK’S TOPIC: What should ‘inclusive growth’ mean in the Singapore context? What specific measures should the government, and the private sector, adopt to ensure a better life for all in a growing economy? Low Lee Yong CEO Founder MHC Asia Group INCLUSIVE growth
      FILE PHOTO  -  2,589 words

  • Page 13 Advertisements
    • 484 13 HP recommends Windows® 7. Work anywhere easier. EN Windows 7 envisi on your business success with HP We take care of every level of your business HP products and solutions deliver performance and value, helping small businesses and large enterprises improve productivity and keeping total cost of operations low, while
      484 words

  • ECONOMY WATCH
    • 482 14 He urges EU leaders to agree on a durable solution to address Greece’s debt levels Bloomberg [SYDNEY] Treasurer Wayne Swan said market volatility caused by the sovereign debt crisis in Europe should not dampen confidence in Australia’s prospects. “The situation in Europe will
      Bloomberg; BLOOMBERG  -  482 words
    • 584 14 Banks are holding back loans as cost of refinancing rises AFP [MILAN] There is a new fear spreading through Italy’s industrial heartland near Milan a looming credit crunch for businesses linked to a spike in pressure from the financial markets.
      AFP  -  584 words
    • 1140 14 Socialist lawmakers call for end to their single-party govt as popularity plunges AP [ATHENS] Politicians hate yielding power. But in recession-hit Greece, more governing Socialists are choosing to do so rather than back Prime Minister George Papandreou’s deeply hated austerity measures. In
      AP  -  1,140 words

  • MALAYSIA
    • 632 15  - Relief but fewer cheap labour sources soon MALAYSIA INSIGHT PAULINE NG KL Correspondent THE lifting of a moratorium on Indonesian maids working in Malaysia effective Dec 1 has been greeted with immense relief by the thousands of Malaysian families reliant on domestic help. The announcement follows a meeting between Indonesian
      632 words
    • 1833 15 VOL Oct 21 RM +/-(‘000) A M Realty 0.41 -0.01 40 Abric Bhd 0.29 0.03 727 Advance Synerg 0.19 -0.01 1286 Adventa Bhd 1.67 unch 582 Ae Multi Hldgs 0.24 -0.01 589 Affin Holdings 2.85 unch 579 Ahmad Zaki Res 0.67 unch 182 Aic Corp 1.13 -0.19 7
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  • Page 15 Advertisements
    • 148 15 Maggie Tsui Deputy Head of Investme Asia BNP Paribas WeaLt Looking to own wealth manage your by pulling the right levers? Look no jurther AS WEALTH CONSULTANTS. OUR FINANCIAL COUNSEL IS AT YOUR SERVICE Managing your own portfolio is empowering yet challenging at times. Therefore, it's important to develop your
      148 words

  • Page 16/17 Advertisements
    • 51 16/17 Wr\ WE'RE AT HOME WHEREVER OUR CLIENTS ARE AT HOME. From Asia to Europe, our global network and unique insights help clients everywhere take their business and investments anywhere. Look for new insights and perspectives every week on jpmorganglobal.com or by scanning the QR code. Distinctively J. E Morgan n
      51 words

  • GREATER CHINA/INDIA
    • 699 18 Govt efforts to rein in housing prices at a crucial stage, Premier Wen tells officials in Guangxi Reuters [BEIJING] China will make job creation a more urgent priority in the face of slowed economic growth and weakened exports, Premier Wen Jiabao said
      Reuters  -  699 words
    • 554 18 AFP [BEIJING] China is resisting US demands to speed up yuan reforms and let its currency appreciate at a faster pace, even as it pursues a long-term goal of making the unit more widely used overseas, analysts say. Beijing has recently taken
      AFP; REUTERS  -  554 words
    • 427 18 But India must shed mood of negativism, he tells planners AFP [NEW DELHI] Indian Prime Minister Manmohan Singh warned against economic “negativism”, insisting that the growth slowdown in Asia’s third-largest economy was a “short-term phenomenon”. India’s economy has slowed under the brunt of a dozen
      AFP  -  427 words
  • Page 18 Advertisements
    • 152 18 KAPLAN; PROFESSIONAL ABB Chio Lim Stone Forest Group DBS Bank Hermes Epitek Corporation Pte Ltd KK Women's and Children's Hospital... and more B r V i k What do they have in common? They have already embarked on their journey for the next knowledge based economy. Have you? Lag no
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    • 30 18 913F SfTiREETiTEAM Catchthe Street Team to win _Ul TUNE IN TO LISTEN FOR STREET TEAM LOCATIONS AND TRACK THEM DOWN TO GRAB THE CODEWORD! 'l— X 913FM TODAV'S BEST MUSDC
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    • 21 18 ISSUE FOUR TIMEPIECES INSPIRE GRAPHIC Comes With Your Personal Watch Collector's Journal n\<m Available At All Leading Bookstores sPHmagazines i lTm
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  • Page 19 Advertisements
    • 453 19 ,rE 201. 2ND SINGAPORE CORPORATE GOVERNANCE WEEK 2011 Towards Excellence in Corporate Governance STATEMENT OF SUPPORT "As an Organisation we are committed to upholding high standards of corporate governance to enhance shareholder value. We believe practising good corporate governance is central to the health and stability of our financial markets
      453 words

  • WORLD
    • 395 20 Reuters AFP [TUNIS] Tunisian voters poured into a polling stations yesterday to vote in their country’s first free election, 10 months after a vegetable seller set fire to himself in an act of protest that started the Arab Spring uprisings. Mohamed Bouazizi’s self-immolation, prompted by
      Reuters; AFP  -  395 words
    • 612 20 Many buried under rubble in eastern city of Van after 7.3 magnitude temblor AFP AP [ANKARA] An earthquake of 7.3 magnitude rocked eastern Turkey yesterday, with a seismological institute estimating up to 1,000 people could lie dead under the rubble of dozens
      AFP; AP  -  612 words
    • 488 20 Bloomberg [SAN FRANCISCO] Google Inc is considering providing financing for an acquisition of Yahoo! Inc by another company or a group of bidders, according to a person who has been briefed on the matter. The company may opt not to take part
      Bloomberg  -  488 words
    • 278 20 Bloomberg [NEW YORK] A group of US state regulators is combining forces to examine whether brokers improperly sold structured notes, securities that package debt with derivatives that are typically offered to individual investors. About 10 states, including Florida and Texas, are seeking
      Bloomberg  -  278 words
    • 803 20  -  Members of ruling party join farmers in challenging decision By ANTHONY ROWLEY in Tokyo WHAT appears to be a severe political storm is brewing in Japan over Prime Minister Yoshihiko Noda’s attempt to accelerate moves for getting the country involved in
      803 words
    • 409 21 Flooding has devastated rice paddies and other crops since Sept Bloomberg [SINGAPORE] Communities in parts of South-east Asia face “serious food shortages” after flooding devastated rice paddies and other crops since the start of September and aid deliveries are disrupted, the United
      Bloomberg  -  409 words
    • 147 21 Reuters [ZURICH] The Swiss Banking Association would not oppose a proposal allowing the United States to get access to client data through group requests, a Swiss newspaper said yesterday. Switzerland is currently seeking to add to its double taxation agreement with the United
      Reuters  -  147 words
    • 211 21 AFP [TOKYO] Tokyo Electric Power Co, operator of Japan’s crippled Fukushima nuclear plant, plans to sell part of its stake in a wind power utility to raise funds for compensation payouts, a report said yesterday. The embattled company will sell a 20
      AFP  -  211 words
    • 273 21 AFP [AUCKLAND] Rugby Union giants New Zealand ended their long wait for a second World Cup title after holding off a spirited France 8-7 in the final at Eden Park here yesterday. Victory meant the All Blacks won the Webb Ellis
      AFP; REUTERS  -  273 words
    • 703 22 They have been very vocal about desire to be included in MSCI: Deutsche exec EMERGING MARKETS Reuters [DUBAI] Saudi Arabia could shortly open its stock exchange to foreign investors, Deutsche Bank’s head of Mena (Middle East and North Africa) equities said, a move
      Reuters; PHOTO: REUTERS  -  703 words
    • 406 22 M’sia, Indonesia and UAE set to be major players: HSBC exec Reuters [DUBAI] Emerging and Islamic markets are expected to lead a growth in global trade volumes over the next 15 years as non-traditional markets in Asia and Latin America drive demand, said
      Reuters  -  406 words
    • 402 22 Reuters [ABU DHABI] Trade among Gulf Arab oil-producing countries is expected to grow around 14 per cent in 2011 recovering from a contraction two years ago at the height of the global financial downturn, two officials said yesterday. “There was a contraction
      Reuters  -  402 words
  • Page 20 Advertisements
    • 82 20 U.S. FRANCHISES EXPANDING IN SINGAPORE AND MALAYSIA Educational programs focused on creativity, innovation entrepreneurship for corporate executives, schools and children ages 5-15. Seeking Master Licensees Single Center Licensees US$25,000 Investment Required for Single Center Licensee Presentation and meetings will be held in Singapore on: 27 th October 2011 28*1 October
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  • Page 21 Advertisements
    • 29 21 Clients/Alumni of EY Public Day 1 Outward bound S$450 S$500 Day 2 Employee remuneration reporting S$450 S$500 Days 1 and 2 Outward bound and Employee remuneration reporting S$800 S$900
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  • Page 22 Advertisements
    • 1735 22 >**< MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF JASMINE FPSO PTE. LTD. (In Members’ Voluntary Liquidation) Reg. No. *****2902C NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the above named Company duly convened and
      1,735 words
    • 644 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HIGHLANDER INTERNATIONAL HOLDINGS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****3967K Extract of the Minutes of an Extraordinary General Meeting of HIGHLANDER INTERNATIONAL HOLDINGS PTE LTD signed by the Representative of the Holding Company
      644 words

  • AVIATION/SHIPPING
    • 1204 23 Asean intra-region traffic projected to outgrow Europe and North America Reuters [SINGAPORE] Five years after Southeast Asia’s biggest airport by passenger capacity opened in Bangkok hailed as the dawn of a new breed of Asian mega-air-ports the sleek, waveshaped passenger terminal is already
      Reuters; REUTERS  -  1,204 words
    • 653 23 Watchdog says there is limited info on composite materials Bloomberg [SEATTLE] Boeing Co’s new 787 Dreamliner, set to fly its first paying passengers this week, faces four “safety-related concerns” about repairs to the composites used for the fuselage and wings, a US agency said.
      Bloomberg; AFP  -  653 words
    • 188 23 AFP [TEHERAN] The bodies of six Indian divers working on an Iranian oil field in the Gulf were recovered yesterday from a diving chamber that became trapped underwater when its support ship sank, officials said. A search was continuing for
      AFP  -  188 words
  • Page 23 Miscellaneous
    • 309 23 CRYPTIC CROSSWORD Across 7 Novel story of an orphan girl breaking finger (3,5) 9 Astuteness shown by a copper confronting workers (6) 10 Suddenly see toupee on teacher’s head (4) 11 Helicopter carrying foolish old peasant (10) 12 Record crowd, an immovable mass (3,3) 14 Use train (8) 15 Steal
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  • DINING OUT
    • 896 24  -  Pepper Steak House specialises in mostly grass-fed meat, something not widely available here, says CHEAH UI-HOON CHEAH UI-HOON NEW RESTAURANT Pepper Steak House Bistro #01-66/67 Great World City 1 Kim Seng Promenade Open daily from 9am THERE is grain-fed beef, and then there’s grass-fed beef. The
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    • 17 24 Branchen Stars R1C-A 17/10/11 134,83 EUR db X-MACRO Trading Index Fund I4D 13/10/11 97,00 GBP
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  • Page 24 Advertisements
    • 491 24 herworld.com Sign up as a member and stand to win over $10,000 worth of prizes! Kara Ross clutch ring worth $1,230 From Doorstep Luxury $500 Gift Voucher From Calvin Klein Jeans sPHmagazmes WEAR! BUYING... High value watches Rolex, Patek Philippe Antique vintage watches Gold Gold ornaments Gold coins, old banknotes
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    • 22 24 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices ffiATS I NOTICES 5, O J
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  • SINGAPORE STOCKS
    • 8491 25 Week ended: Oct 21 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 12 8Telecom 13.5 +1 198 13.5 13.5 13.5 13.8 7.8 4.5 2.8 64.7 9.5 4.1 A-Sonic 4.6 unch 366 5.8
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    • 1672 26 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 $mil 34 13 t 800 Super 14.8cd +0.3 815 15.4 14.3 14.5 15.3 4.7 3.7 5.7 26.5 5.5 2.5 t AA Grp 2.8 +0.3 40
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    • 114 26 Stock name Close Change CapMallsAsia 1.245 +0.010 CapitaLand 2.450 +0.040 CapitaMall 1.860 +0.020 CityDev 9.940 +0.080 ComfortDelGro 1.330 -0.010 DBS Grp 11.820 +0.060 F&N 5.920 +0.010 GLP 1.580 Genting SP 1.600 +0.020 Golden Agri 0.615 Stock name Close Change HK Land 4.700 +0.050 JMH 49.760 -0.190
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    • 2612 26 Transaction date: Oct 21 HONG KONG Vol HK$ +/-'000 Aeon Credit 5.37 0.04 8 Aeon Stores 16.80 0.30 16 Angang Steel 4.30 0.07 5273 Anhui Conch 22.40 0.20 8448 Anhuiexpresswa 4.80 0.11 1340 Asia Satellite 14.64 0.10 0 Asm Pacific 81.75 0.95 405 Bank Of E Asia 25.65
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    • 256 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A38 34 46 3.6 9.2 3 99 53 25.5 Genting HK US$ US27 -1.5 ***** 29 26.5 27 27.5 1777.8 15 10 OGL Resources
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    • 186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 2 0 0 0 8 6 2 Manufacturing 58 96 35 9 10 9 67 106 44 Commerce 26 23 17 6 4 4 32 27 21 Tpt/Stor/Comms 13 25 8
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    • 923 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 118 -1 23 122 118 117 120 538.6 1261 856 CIMBAsean40 100US$ US933 -13 40 975 933 934 936 37.3
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    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 179,190 179,190 565,685 565,685 Manufacturing 837,432 91,172 928,604 780,492 2,341 782,833 Commerce 560,296 14,974 575,270 544,231 1,023 545,254 Tpt/Stor/Comms 719,196 27,066 746,262 838,872 2,817 841,689 Finance 67,331 20 67,351 603,036 4 603,040 Construction 226,162 73,963
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  • Page 26 Advertisements
    • 26 26 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
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 21 Index Change Change Change Change Change Change World Index Preliminary 824.2 1.6 -8.2 2.2 -7.6 2.3 -6.7 EAFE Preliminary 684.1 1.5 -14.6 2.8 -12.2 2.9 -11.4 Europe Preliminary 1019.8 2.4
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    • 127 27 As on 21 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS GOLD FUT DEC2011 1645.00 1620.40 1635.80 1612.80 SILVER FUT DEC2011 31.195 30.465 31.180 30.275 CURRENCY AUD-USD FUT DEC2011 1.0279 1.0132 1.0261 1.0163 EUR-USD FUT DEC2011 1.3894 1.3698 1.3841 1.3725 GBP-USD FUT DEC2011
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    • 77 27 CRUDE OIL PRODUCTS Oct 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.60 -2.52 WTI (Near Mth) 85.85 -0.26 Dubai (1-Mth F) 105.14 -1.26 Tapis blend 117.51 -1.44 Minas 110.71 -1.44 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.22 -2.34 Jet Kerosene 124.34 -1.29 US$/barrel Opec Oil
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    • 107 27 Oct 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1212.25 1225.00 1245.75 1211.50 Jan 12 1220.75 1230.50 1250.50 1219.00 Mar 12 1229.50 1237.75 1257.75 1229.50 May 12 1235.50 1243.50 1263.00 1235.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 51.25
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    • 79 27 Oct 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 19.01.2012 0.26 0.20 0.20 1-Year BY*****X 02.05.2012 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.48 5-Year N*****0W 1.125 01.04.2016 102.59 102.69 102.69
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    • 451 27 Oct 21 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4650 0 1089 Mar12 99.3900 0 3778 Jun12 99.3650 0 1101 Sep12 99.3500 0 726 EUROYEN TIBOR FUTURES Dec11 99.6725 0 2179 Mar12 99.6700 0 2378 Jun12 99.6725 0 1470 Sep12 99.6700 0 610 Dec12 99.6700
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    • 172 27 Oct 22 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 11 385.0 382.0 382.0 16 282 Dec 11 385.0 382.0 382.0 15 373 Jan 12 383.6 237 Feb 12 384.3 140 Mar 12 390.0 386.9 390.0 64
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    • 71 27 Oct 21 Oct 21 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2104.00 2063.50 3 months 2125.00 2085.00 Copper, Grade A (US$/tonne) Cash 7136.50 6721.50 3 months 7145.00 6735.00 Lead (US$/tonne) Cash 1890.50 1765.25 3 months 1915.00 1790.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 82 27 Oct 21 COCOA (£/tonne) Close Prev High/Low Dec 11 1654 1671 1682/1652 Mar 12 1676 1691 1701/1675 May 12 1691 1706 1717/1690 Jul 12 1707 1721 1730/1705 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1868 1814 1911/1835 Jan 12 1906 1848 1951/1865 Mar 12 1937 1878 1980/1899 May 12
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    • 2219 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 45 52.50 31 ASJ Hldgs W*****1 0.2 -0.3 700 1 4 24 17.00 4 AlliedTech W*****2 1.7 1 4 25 Aztech Grp W*****3 0.4 1
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    • 464 27 Oct 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.041 6.533 0.745 7.964 51.415 90.802 0.785 11.745 3.230 1.292 88.775 44.464 1.310 8.394 0.913 31.002 31.801 0.649 1.024 Canada 0.961 6.277
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    • 82 27 Oct 21 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 141 27 Oct 21 GOLD (US$/oz) Oct 20 Oct 21 Hong Kong 1627.00 1627.00 Oct 21 Oct 20 London 1635.82 1613.89 1636.82 1614.80 Source: Thomson Reuters Source: Reuters CAST BAR Oct 21 (S$) Selling Buying Kilobar 71,217.06 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 160 66 5gm 453 332
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    • 57 27 Oct 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 2935 2881 2935 2869 364 6265 Dec 11 2900 2886 2908 2869 1390 ***** Jan 12 2895 2883 2903 2867 ***** ***** Feb 12 2900 2889
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    • 27 27 Oct 21 Open High Sett STI Oct 2712 SIMSCI Oct 308.6 310.9 310.0 Taiwan Oct 255.6 258.4 257.0 Source: MF Global (S) Pte Ltd
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    • 154 27 Oct 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3084 1.3107 1.0232 1.0242 Canadian dollar 1.2574 1.2589 0.9834 0.9838 Euro 1.7574 1.7591 1.3744 1.3746 NZ dollar 1.0129 1.0142 0.7921 0.7925 Sterling pound 2.0183 2.0203 1.5784 1.5787
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    • 22 27 Oct 21 S$ Bid Offer 1-month 1.2787 1.2797 2-months 1.2786 1.2797 3-months 1.2784 1.2795 6-months 1.2763 1.2776 Source: OCBC
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    • 121 27 As at 9am Oct 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.333 1.27 Can dollar 1.276 1.227 Euro 1.787 1.719 Sterling pound 2.048 1.97 NZ dollar 1.038 0.989 US dollar 1.292 1.243 Local dollars to 100 units of foreign
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    • 154 27 Oct 21 $S Offer Bid 0vernight 0.03 0.01 1-month 1/4 1/8 2-months 1/4 1/8 3-months 5/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.60 0.40 6 months 0.80 0.60 9 months 0.95 0.75 12
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  • 5094 28 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
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  • Page 28 Advertisements
    • 28 28 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? KLINE BSA To All Shipping Advertisers: Please call Joe Wong at 9620 1327
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  • Page 29 Advertisements
    • 104 29 Shipping lines seeking reliable logistics partners MCC DIRECT EAST MALAYSIA SERVICE For enquiries please contact COC: SOC: Gilbert Lew: gilbert.lew@mcc.com.sg Laila Damayanti: laila.damayanti@mcc.com.sg DID: +65 6318 3534 DID: +65 6318 3574 Alicia Tan: Alicia.Tan@mcc.com.sg Bernard Ang: bernard.ang@mcc.com.sg DID: +65 6318 3491 DID: +65 6318 3498 Port rotation: Tanjung Pelepas Singapore
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    • 13 29 TO ADVERTISE, CALL JOE WONG AT 9620 1327. THE BUSINESS TIMES SHIPPING TIMES
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  • BizIT THE BUSINESS OF INFOCOMM TECNOLOGY
    • 789 30  -  With the latest offerings, the company hopes to cater to the security and performance needs of its customers, reports AMIT ROY CHOUDHURY ANNOUNCING a slew of cloud services and solutions, Hewlett Packard (HP) last week noted that its broad strategy is to
      789 words
    • <what’s up>
      • 44 30 VICTOR Cheng is the new Asia South vice-president for CA Technologies. He was previously from Hewlett-Packard, where he led the server and appliance business for the region. He will report to Lionel Lim, currently the president for Asia-Pacific.
        44 words
      • 33 30 THE Blackwire 435 corded headset for unified communications is available here now from Plantronics. It can be used in stereo or mono, and is aimed at facilitating PC conferencing.
        33 words
      • 67 30 CANON has released a new professional digital SLR (single-lens reflex) camera, the EOS-1D X. The camera features a full frame 35mm 18.1 megapixel sensor and is capable of shooting up to 14 frames per second. The camera’s new DIGIC 5+ processor is also claimed to be 17
        67 words
      • 52 30 STARHUB has released its new i2Surf mobile plan, which bundles an additional SIM card for users in order for them to share their data plans with a second device such as a tablet. StarHub is touting savings from the multi-SIM val-ue-added service which costs $10 per
        52 words
      • 40 30 RESEARCH in Motion has released the BlackBerry Curve 9360 smartphone, running the BlackBerry 7 OS. It has a five megapixel camera and supports MicroSD/SDHC to expand a further 32 GB. Different prices are available with respective carriers.
        40 words
      • 40 30  -  Compiled by VICTORIA HO A NEW smartphone from Nokia has been launched. The Nokia 603 runs Symbian Belle and features NFC (near-field communications) technology which allows devices to be paired with a compatible set just by tapping.
        40 words
    • 559 31  -  Firms slow to come on board without certifications that address continuity By VICTORIA HO ENTERPRISE cloud adoption continues to be slowed down by the lack of certification standards in the industry, according to Gartner research director, Rob McMillan. Speaking at Trend Micro’s security
      559 words
    • 513 31  -  By VICTORIA HO CHINESE gaming firm The9 has opened the Singapore arm of its studio, Red 5. Singapore will function as the international headquarters for Red 5, which was started in the US and acquired last year by The9. Red 5,
      513 words
    • 540 31 Reuters [SAN FRANCISCO] The Kindle Fire tablet may be the hottest selling gadget this holiday, pressuring Amazon.com Inc’s profit margins but giving the world’s largest Internet retailer potentially millions of new high-spending customers. Since Amazon chief executive Jeff Bezos unveiled the tablet
      Reuters; AP  -  540 words
    • 429 31  -  By AMIT ROY CHOUDHURY NEC Asia Pacific has inked an exclusive agreement with Singapore firm iNFOTECT Security to jointly market and distribute the latter’s security solution for the cloud. iNFOTECT’s solution, INSIGHT for Web Servers (IWS), is the world’s first
      429 words
    • 705 31  -  Local domain will help boost user experience: Google By DOLLY CHIA SINGAPOREAN song composers and entrepreneurs will now be able to monetise their ideas on YouTube which launched its local domain last week. YouTube’s local collaborations include a licensing agreement with
      705 words
  • Page 30 Advertisements
    • 121 30 -SSSP®* '(fa s S tn *f»g& t\O a &gt;NV\ e ales^free" i\N \N° -CWe o* w w Sto&lt; e Ma Q'NPP 1 &lt;» v Woo AN r '%r Offe 4 fJ0 &gt;- '4s &gt;&lt;: -#•?&gt; M w/A F* *&lt;2 j* 1 k V V.S: i* *K» SSSS hi 7^ t
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  • Page 31 Advertisements
    • 104 31 gmii^ I FRANCE SINGAPORE 2011 iNNOVATiON DAYS WWW.FSID.SG UBI FRANCE Ubifrance is proud to present the 2 nd edition of the France-Singapore Innovation Days dedicated to the "Innovation For The City Of Tomorrow" Connected Solutions Digital Media Lighting Smart Buildings More than 20 French innovative companies and ICT clusters will
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  • Page 32 Advertisements
    • 187 32 Luxury has progressed through lightweight technology. Change the game with the all-new lightweight Audi A6, now with the award-winning 2.0 TFSI® engine. Lightness is the new paradigm of luxury with the Audi A6. Packed with more than just innovative features, it offers advanced knowledge in lightweight engineering gained from perennial
      187 words