The Business Times, 5 November 2012

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, November 5, 2012
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  • 637 1  -  Trend is largely due to higher education levels, improved market access By EMILYN YAP [SINGAPORE] A growing number of the emerging rich are putting their money in foreign exchange, driven by a hunger for yield and an appetite for assets
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,040.75 -16.76 KL COMP 1,656.13 -15.76 NIKKEI 225 9,051.22 +118.16 HANG SENG 22,111.33 +565.76 SET INDEX 1,306.60 +24.79 JAKARTA COMP 4,338.89 -0.26 MANILA COMP 5,424.51 +19.35 SEOUL COMP 1,918.72 +27.3 SHENZHEN B 609.83 +18.06 MUMBAI IND 18,755.45 +130.11 DOW 13,093.16 -14.05 NASDAQ 2,982.13 -5.82 S&P
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    • 17 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.403 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.222 (US$/S$ per 1.609 1.967 EURO (US$/S$/E) 1.290 1.576 Foreign currency per US$ S$ YEN 80.30 65.80 RM 3.053 2.498 HK$ 7.750 6.343 BAHT 30.73 25.15 RUPIAH 9,628 7,880 RENMINBI 6.242 5.108 INDIAN RUPEE 53.67 43.92 A$ 0.963 0.788 NZ$ 1.210 0.991
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  • 765 1  -  Incumbent’s campaign hoping for a rerun of the 2004 presidential race By LEON HADAR in Washington WITH only a day before American voters go to the polls to choose their next president, the race for the White House between Democratic President Barack
    PHOTOS: AFP, AP  -  765 words
  • Page 1 Advertisements
    • 91 1 BIRTHDAY TRIBUTE Chief Justice Chan Sek Keong turns 75 PAGE 9 DINING OUT The return of Nicolas Joanny PAGE 24 YOUNG INVESTORS’ FORUM Why you need a climate change portfolio page 12 VIEWS FROM THE TOP Watching as China changes pages 10-11 BT WEBSITES For breaking news, go to businesstimes.com.sg.
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  • TOP STORIES
    • 351 2 US presidential race down to the wire WITH only a day before American voters go to the polls to choose their next president, the race for the White House between Democratic President Barack Obama and his Republican challenger Mitt Romney remains very tight, including in the major battleground
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    • 827 2  -  HK fund manager also upbeat on agri counters, gold, SE Asian stocks By VIKRAM KHANNA [SINGAPORE] After taking a beating for five years, China stocks are today among the best investment bargains around, according to renowned Asia-focused investor Cheah Cheng Hye, chairman and chief investment
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    • 595 2  -  Hiring persists, with headcount in S’pore up 17% since 2009 By KENNETH LIM [SINGAPORE] JP Morgan Chase Co continues to hire in Asia as it expects the region to drive brisk dou-ble-digit growth in non-US wholesale revenues, said Michael Cavanagh, global co-head
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    • 876 4  -  COMMENTARY TEH SHI NING Correspondent POLICYMAKING cannot be dictated by the cyclical ups and downs of the economy. Not when the longer-term goal of transforming the structure of Singapore’s economy is at stake. The government’s resolve to prioritise Singapore’s shift from growth via more
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    • 18 4 Branchen Stars R1C-A 25/10/2012 152,06 EUR I db X-MACRO Trading Index Fund I4D 25/10/2012 89,73 GBP
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    • 841 4  -  Local head Terence Foo quits, following others in September By JOYCE HOOI [SINGAPORE] After having to thwart a multi-continent management buyout coup in September, PR firm Kreab Gavin Anderson (KGA) now has to contend with losing its key man at its Singapore operations.
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  • Page 2 Advertisements
    • 95 2 o T* 7 k o o o o o 3 LYON S$ AIRFRANCE KLM Return fares featured include taxes and are correct as of 30 October 2012. Valid on both A380 and B777-300ER flights from Singapore. Book from now till 30 November 2012 for travel from 1 to 30 November
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  • Page 3 Advertisements
    • 847 3 THE MORE WE KNOW THE MORE WE WANT Today we are capturing more data more quickly about more things than ever before: about buildings, roads, cities; about people, our habits, passions, needs; about transactions, workflows, markets; right down to the temperature, location and condition of a single item in the
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  • Page 4 Advertisements
    • 578 4 Talent Management Work Productivity Who should attend: Senior Management Professionals in Customer Service, General Management, Business Development, HR and Sales Marketing; Professionals, Supervisors Team Leads. FULL-DAY WORKSHOPS Register at www.stjobs.sg/seminars STJOBS No.1 No.1 Recruitment site in Singapore by Marketing Magazine (2011) FULL-DAY SEMINAR Extraordinary Leadership: Achieving breakthrough performance in your
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  • Page 5 Advertisements
    • 330 5 DBS TREASURES Q PRIVATE CLIENT In today's Asia, you are networking. Or your wealth is not working. A S AS ‘n h fl I DBS Treasures Private Client gives priority banking an edge with private banking solutions Making the most of Asia's opportunities begins with having the right partner. DBS
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  • COMPANY NEWS
    • 726 6  -  HOCK LOCK SIEW By LYNN KAN Neptune orient Lines (NOL) pulled off something it and its other container shipping peers have struggled to do since 2011 began: turn a profit. In doing so, NOL, which owns the world’s seventh largest
      726 words
    • 79 6 MAYBANK yesterday collected over $25,000from its charity car wash to raise funds for MINDS’ (Movement for the Intellectually Disabled of Singapore) training and development centres. About 70 Maybank staff volunteers worked the car wash alongside three MINDS members. In the picture are Cheng Zebang, 23, of MINDS
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    • 246 6 Nov 2 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 ...5.50 ...6.00 ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 ...5.50 Chang Hwa Commercial Bank 5.50 China Construction Bank
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    • 248 6 MUTiWO tl.AU DAT! uMl thirw UlbwMH H'il 'imflm.i (..ifTii.il i.ii—>r IM1 Ai*Sinn»r»ri I'macI ll^Ntly IlMfin VlrtflJ Xl*' Hu' 1 t laynt H iimiitiMi. viinlMhnji MW fcitMmvwi (liiAtl Ilf. Wily UHKMin VlhiHI'f 1 l *1111 n on*, Hiulmmu Hi mm I 1 •■mi-1 M.'mnm ijtmi h < iuntily i
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    • 1284 6 Payment Ex Books Pay Ann (cts) date close date date 800 Super Holdings ak 1.000 30-Oct 01-Nov 16-Nov 24-Oct Ace Achieve Infocom bo 0.300 09-Nov 14-Nov 28-Nov 30-Aug AIMS AMP Capital Ind REIT cn 2.500 02-Nov 06-Nov 20-Dec 24-Oct Amtek Engrg ak 2.200 01-Nov 05-Nov 23-Nov 27-Aug Ascendas
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    • 16 6 Note: Net profit refers to profit attributable to equity holders Compiled by BT
      Compiled by BT  -  16 words
    • 16 6 Note: Net profit refers to profit attributable to equity holders Compiled by BT
      Compiled by BT  -  16 words
    • 352 6  -  By NISHA RAMCHANDANI TOTAL turnover value on the Singapore Exchange (SGX) securities market slipped 6 per cent year-on-year to about $26 billion in October. The daily average value worked out to $1.2 billion down 14 per cent from the corresponding month
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    • 1805 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying plunged while the selling among directors remained low based on filings on the Singapore Exchange from Oct 29 to Nov 2, with six companies posting seven purchases worth $3.14 million
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  • Page 6 Advertisements
    • 682 6 [*-AT3 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 RIKEN OF ASIA PTE. LTD. [CO. REG. NO. *****5969R] (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies
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    • 333 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF N.C.D. INVESTMENT PTE LTD (Co. Reg. No.: *****7009H) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the above Company held on 31 October 2012 the following resolutions were duly passed. Special resolution 1. That
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  • Page 7 Advertisements
    • 199 7 w «v SLR 34 tv•W2S-* *W*5i $3 mat tS^' A C* *'<■ t > V K f k Vi >£ ,y V* f* r «4ST aSS k% Vm 3 £r£ df a I vi T :r V' ...C ->2Tr'.-; 7.r 4S sm. r ri% >-_* *m a Sf¥^»aS^36 Celebrate 50
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  • SINGAPORE MARKETS
    • 691 8  -  STOCKS R SIVANITHY Senior Correspondent FOR well over three years now, trading in the stock market could be described as being a bit of a no-brainer since explicit and implicit guarantees of monetary handouts from central banks and officialdom meant that there was virtually no
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    • 500 8 COMMODITIES AFP [LONDON] Commodity prices diverged last week with markets impacted by superstorm Sandy and strong Chinese and US economic data ahead of the upcoming presidential elections in the United States. Oil: Oil prices dropped as a stronger dollar caused by the
      AFP  -  500 words
    • 585 8 CURRENCIES Bloomberg [NEW YORK] The yen fell against all but one of its 16 most-traded counterparts as the Bank of Japan added to its monetary stimulus programme amid bet-ter-than-forecast US data that renewed appetite for higher-yielding assets. The Japanese currency declined for a
      Bloomberg  -  585 words
    • 1505 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 Industrial REIT 2.00 2.00 2 10.45 14.07 1.52 1.47 Amtek Engineering Ltd 2.67 2.67 6 0.07 6.52 0.71 0.58 ARA Asset Management Limited 1.43
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    • 4 8 WEEKLY
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    • 66 8 Nov 2 VALUE CLOSE BT OB/OS -672.00 +57.00 BT CADI -*****.00 +95.00 BT 10-day MA -*****.00 -67.00 FTSE ST Mid Cap 739.25 +5.38 FTSE ST Small Cap 486.50 +2.45 FTSE ST All Share 743.60 +3.81 FTSE ST China Top 198.80 +3.39 FTSE ST China 222.93 +4.23 FTSE
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    • 54 8 VOLUME YHM 2,001,813,000 ICP 605,196,000 Golden Agri 533,244,000 Contel 266,356,000 Digiland 193,436,000 Thai Beverage 174,164,000 CCFH 173,667,000 Oceanus 145,896,000 Elektromotive 140,659,000 Noble Grp 135,663,000 VALUE($) SingTel 374,437,850 Keppel Corp 353,590,981 Golden Agri 334,100,019 DBS Grp 284,115,446 UOB 237,552,784 F&N 207,419,222 OCBC Bk 198,955,745 Wilmar 190,288,816 Noble Grp
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    • 113 8 BY CENTS CLOSE UP Lyxor Indonesia10US$ 9539 139.2 1.2 IS S&P500 ***** 118.5 0.7 JSH 3627 94.1 2.2 DBXT Nifty 10US$ ***** 91.6 0.7 DBXT AUD Bonds 5AU$ ***** 73.5 0.3 Lyxor China H 10US$ 1429 61.1 3.6 DBXT MSTHAI 10US$ 1935 58.6 2.5 DBXT FTChina25 10US$ 2875 55.0
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    • 122 8 BY CENTS CLOSE DOWN CIMBAsean40 100US$ 711 -437.3 -33.5 Jardine C&C 4795 -220.0 -4.4 GLD 10US$ ***** -102.6 -0.5 DBXT MSKorea 10US$ 5617 -98.9 -1.4 DBXT SORA 5SG$ ***** -94.5 -0.6 JMH 6101 -84.3 -1.1 DBXT FTVietnam 10US$ 1934 -73.3 -3.0 YHS 435 -64.0 -12.8 Great Eastern 1575 -52.0
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    • 5 8 WEEKLY
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  • SINGAPORE NEWS
    • 977 9  -  Chief Justice Chan Sek Keong has been an inspiration to all who know him By TOMMY KOH TPB MENON Tommy Koh is ambassador-at-large at the Ministry of Foreign Affairs, a professor of law, and served as dean of the NUS Law School from
      FILE PHOTO  -  977 words
    • 458 9 One way is to apply to the court to appoint a receiver-manager on an interim basis ASK QUESTION: I am a shareholder and executive director of a private joint venture company. My joint venture partner and I have equal shareholding and equal board representation.
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  • Page 9 Advertisements
    • 144 9 HAVE a pressing question about a corporate law-related issue that your company is facing? Lawyers from Stamford Law will provide their expert advice and answers to your queries on a weekly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and include particulars
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  • VIEWS FROM THE TOP
    • 3805 10 THIS WEEK’S TOPIC Which key economic and political changes in China should we be looking out for, and how could these affect regional and global trade and business? What can companies here do to prepare for, and benefit from, developments in China? John Keung CEO Building Construction
      AFP  -  3,805 words

  • Page 11 Advertisements
    • 147 11 ALL BOXES TICKED BYYOUR LOCAL CFD AND FX SPECIALIST IG All the tools and support you need to trade forex, shares, indices and commodities around the clock. Our fully customisable platform is enabled with Direct Market Access (DMA) trading and offers competitive spreads and commissions. Take advantage of our local
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 832 12  -  High-tech, green companies that have the wherewithal to harness nature will see a bull run in the future, reports JOHN WASIK reportsJOHN reportsJOHN WASIK Reuters WHETHER you believe in man-made global warming or not, it’s undeniable that trillions of dollars will be spent on technologies
      Reuters; PHOTO: AFP  -  832 words
    • 1129 12  -  By starting early, Lee Hanwei is giving himself room to learn from his mistakes, reports TEH SHI NING STARTING YOUNG reportsTEH reportsTEH SHI NING LEE Hanwei, 23, started investing only this year. But he has already gained enough from the experience to want to
      FAISAL ACHMAD  -  1,129 words
  • Page 12 Advertisements
    • 156 12 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      156 words

  • MALAYSIA/INDONESIA
    • 405 13 Development will have racing circuit, car showrooms, F&B and retail outlets [JOHOR BARU] UEM is developing plans for a multimillion ringgit auto city on a 32.37 ha site within Gerbang Nusajaya, an integrated mixed development located near the Sultan Abu Bakar Customs,
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    • 467 13 [LABUAN] The Malaysian government will pump RM2.4 billion (S$963 million) worth of investments, mostly in the oil and gas (O&G) sector, into Labuan over the next few years, creating more than 3,000 jobs, Deputy Prime Minister Muhyiddin Yassin announced. The Star
      PHOTO: BLOOMBERG  -  467 words
    • 469 13 Financial services firm to advise on Bumi counter move Bloomberg [LONDON] Nathaniel Rothschild, who quit the board of Bumi plc last month, has appointed Morgan Stanley to advise him on a plan to counter a US$1.2 billion proposal for the assets of the London-traded Indonesian coal
      Bloomberg  -  469 words
  • Page 13 Advertisements
    • 110 13 Confidence to expand That’s what participants in international commerce can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies doing business around the world partner with us to manage virtually every kind of risk. Changing currency valuations, energy costs,
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  • GREATER CHINA/INDIA
    • 1065 14 Its nationalistic, aggressive posture in Asia may set tone for his 10-yr tenure NYT [BEIJING] On one of his many visits abroad in recent years, Xi Jinping, the presumptive new leader of China, met in 2009 with local Chinese residents in Mexico
      NYT; PHOTO: AP  -  1,065 words
    • 393 14 Reuters [MUMBAI/LONDON] India dealt a fresh blow to the international pharmaceutical industry as its patents appeal board revoked a patent granted six years ago on Roche’s hepatitis C drug Pegasys. The Intellectual Property Appellate Board (IPAB) cited a lack of evidence that the drug was
      Reuters; PHOTO: REUTERS  -  393 words
    • 1632 14 VOL Nov 2 RM +/-(‘000) VOL Advance Synerg 0.16 -0.01 2045 Adventa Bhd 1.90 -0.01 150 Ae Multi Hldgs 0.24 unch 271 Affin Holdings 3.39 -0.01 260 Ahmad Zaki Res 0.70 -0.01 85 Airasia Bhd 3.06 0.01 7061 Alliance Finan 4.09 unch 1974 Aluminium Co 0.77 unch 20
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    • 430 14 He is expected to face criminal charges and a trial Reuters [BEIJING] Chinese leaders ended a key closed-door conclave yesterday with a decision to formally expel disgraced politician Bo Xilai from the Communist Party, in a meeting which also promoted two senior military men and approved
      Reuters  -  430 words
  • Page 14 Advertisements
    • 236 14 WORKSHOP DETAILS Date 10th 11th November 2012 By Michelle Volmering Time 10.00am 5.00pm Fee Exciting 2 days workshop worth S$888 Special Promo Price S$488 (Register and pay by 6 Nov 2012 ShareInvestor members and SPH subscribers price S$388 Join us for 2 days to learn: Futures Fundamental How money is
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  • ECONOMY WATCH
    • 917 15 Its woes to be focus of G-20 meeting of finance ministers and central bankers AFP [ATHENS] Greek debt has turned into a modern version of a nightmare from mythology in which the more the country cuts and taxes to climb the mountain, the deeper
      AFP; PHOTO: REUTERS  -  917 words
    • 578 15 Investor slashes holdings of Spanish and French debt Reuters [OSLO] Norway’s US$660 billion sovereign wealth fund continued its long-term plan to cut investments in Europe in the third quarter, slashing its holdings of Spanish and French debt just as those countries try to
      Reuters  -  578 words
  • Page 15 Advertisements
    • 34 15 'tit CreditSuisse Bte *!i V> s> Ss&£ X’- .i 1 V SN? MAIL m sg ■-^5 OXYGEN’S ELECTRIC SCOOTERS ARE LEAVING THE FOSSIL FUEL ERA BEHIND. Credit Suisse is helping the company evolve. credit-suisse.com/clients
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  • US ELECTIONS 2012
    • 794 16 Disappointment in Illinois, Obama’s home state, may be major reason Reuters [ROMEOVILLE, Illinois] Democrats appear unlikely to regain a majority in the US House of Representatives tomorrow despite a nationwide push, and a major reason could be disappointment in President Barack Obama’s home state.
      Reuters  -  794 words
    • 646 16 Saturday’s march calls for continued federal support for public media AFP [WASHINGTON] Puppets are urging politicians to keep up federal funding for US public broadcasting after Republican presidential challenger Mitt Romney threatened to pull the plug on Big Bird and friends. Organisers of the
      AFP; PHOTO: REUTERS  -  646 words
    • 491 16 AFP [WASHINGTON] The race to the White House has spawned a flurry of mobile applications focusing on the presidential campaign from the deadly serious to the light-hearted and fun. Businesses, non-profit organisations and political campaigns are capitalising on the fact that nearly half of
      AFP  -  491 words
    • 860 16 AFP [WASHINGTON] With Election Day tomorrow looming in the United States, “Twitter bombs” were expected over the weekend as part of efforts to swing votes in a close race. The “bombs” a form of spam are unsolicited Twitter responses which are retweeted with
      AFP; PHOTO: AFP  -  860 words

  • WORLD
    • 744 17 Central bank needs to open up to a broader range of views on economy Reuters [LONDON] The Bank of England (BOE) needs to overhaul its internal structures to address a patchy forecasting record and open up to a broader range of views on
      Reuters; PHOTO: BLOOMBERG  -  744 words
    • 497 17  -  Uncertain global economic situation tops agenda By LEE U-WEN in Vientiane, Laos PRIME Minister Lee Hsien Loong left for Laos this morning to attend the biennial Asia-Europe Meeting (Asem), a two-day summit that begins today in the capital Vientiane. He will be joined
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    • 572 20 Europe’s debt woes are also a source of worry for top finance chiefs at Mexico summit Reuters [MEXICO CITY] Finance chiefs of the world’s 20 leading economies were ringing alarm bells over the US fiscal cliff and Europe’s debt woes at a meeting
      Reuters  -  572 words
    • 573 20 Reuters [ZURICH] Switzerland’s 110,000 bank employees fear more bloodletting after UBS said it would cut staff by 15 per cent, a move likely to take a heavy toll on an economy heavily reliant on finance and banking. “Now, you’re instantly afraid when someone doesn’t
      Reuters; PHOTO: AFP  -  573 words
    • 512 20 They are trying to extract more revenue from oil and mining sectors Reuters [CAPE TOWN] A few years ago, governments in east Africa would practically pay companies to come and explore for oil or gas on their territory. Those days are gone. Promising discoveries
      Reuters  -  512 words
    • 892 21  -  Bank of Japan aims to weaken rising yen by giving loans to banks at tiny 0.1 per cent interest rate By ANTHONY ROWLEY By in Tokyo THE Bank of Japan will deploy a potentially powerful new weapon at year-end in the long battle against deflation
      PHOTO: REUTERS  -  892 words
    • 468 21 AFP [TOKYO] Japan’s battered electronics giants are in a race against time, analysts say, as losses that threaten their very survival mount and as overseas rivals look like they are running away with the show. The latest earnings season has been ugly for the
      AFP  -  468 words
    • 516 21 Reuters [TOKYO] Japan looks poised to avoid falling off its own version of a “fiscal cliff” after the main opposition party signalled it will no longer hold a critical deficit financing bill hostage to its push for an early election. The government has warned that
      Reuters; PHOTO: AFP  -  516 words
    • 649 22  -  Bookmakers favour Obama but Romney is Wall Street’s preferred candidate WALL STREET INSIGHT By ROB CURRAN STOCKS finished more or less flat last week as improved jobs data offset Hurricane Sandy’s devastation and weak earnings reports. Political polls and further earnings reports will
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    • 657 22 Reuters [NEW YORK] Victims of superstorm Sandy on the East Coast struggled against the cold on Sunday amid fuel shortages and power outages, two days ahead of an election that polls suggest is a dead heat between President Barack Obama and his
      Reuters; PHOTO: AFP  -  657 words
    • 591 22 Vettel clings to lead in championship with third place finish at Abu Dhabi AFP [ABU DHABI] Kimi Raikkonen claimed his first win for three years yesterday as Sebastian Vettel clung on to his championship lead by finishing third in a dramatic and
      AFP  -  591 words
    • 466 22 Reuters [LONDON] Italy has lost its position as the world’s premier gold jewellery exporter, overtaken by India and the United States, and risks slipping further due to its high cost base and tariff barriers. For years Italy was the world’s biggest manufacturer
      Reuters  -  466 words
  • Page 17 Advertisements
    • 177 17 BOUNT FUL GRA NS 1 TO 30 NOVEMBER 2012 This November, Chinese Executive Chef Chan Shun Wong gets creative using rice, one of the most essential ingredients in Asian cooking. Presenting over 10 delicious specialties using different rice varieties, Chef Chan has created them as part of set and a
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    • 148 17 Experience the new Wah Lok. Applauded as one of Singapore’s finest Cantonese restaurants since 1988, and now ready to win raves all over again. With a new menu, a new interior, and a whole new standard of excellence. IBS mm Wah Lok Cantonese Restaurant Carlton Hotel 76 Bras Basah Road
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  • Page 18 Advertisements
    • 2437 18 (A limited liability company incorporated in Malaysia) ABRIDGED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2012 STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2012 The Group The Bank STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2012 2012 2011 2012 2011 Note RM’000 RM’000 RM’000 RM’000 Assets
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  • Page 19 Advertisements
    • 3788 19 2. Financial investments available-for-sale (continued) The Group The Bank The Bank 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000 Unquoted securities Private debt securities in Malaysia 2,848,788 1,216,104 2,316,113 224,356 Shares in Malaysia 312,759 229,433 312,690 150,401 Shares outside Malaysia 3,468 3,298 3,468 Foreign currency bonds in Malaysia 2,228,512 172,603
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  • Page 20 Advertisements
    • 91 20 iphone 5 GO I RECEIVED 2 IPHONES FOR MY BIRTHDAY. I’M BUYING MYSELF A BIRTHDAY PRESENT. m ve ii V it rr *ig A aw T A rr f 8*- p ft (II X 0 I '7, Buy it or sell it. At stdassifieds.sg, whatever you’re looking for isn’t hard
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  • Page 21 Advertisements
    • 85 21 GPS watches i? electric guitar l? dumbbells fish tank I? mountain bike a football bike helmet n camera books 0 0 0Ui G home theatre system G© I? 01 q a t 0) oo QO At stclassifieds.sg. whatever you’re looking for isn’t hard to find. The STClassifieds App for Android
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  • Page 22 Advertisements
    • 485 22 WATS NOTICES SUNRIGHT SUNRIGHT LIMITED (Company Reg. No. *****0523M) (Incorporated in the Republic of Singapore) SUPPLEMENTAL NOTICE OF 34™ ANNUAL GENERAL MEETING Reference is made to the Notice of Annual General Meeting of Sunright Limited (the “Company”) dated 29 October 2012 for the 34 ,h Annual General Meeting (the “AGM”)
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    • 21 22 I Grow Your Stock or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices Call 1800 289 8822 I MATS NOTICES CLA/FEB11/g
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  • AVIATION/SHIPPING
    • 697 23  -  Passenger traffic up 4.1% while air cargo posts more sluggish growth at 0.6% By VEN SREENIVASAN [SINGAPORE] Global air traffic growth continued to decelerate in September, with demand for passenger traffic rising a mere 4.1 per cent from a year
      PHOTO: REUTERS  -  697 words
    • 584 23  -  Waka Tere wins with Ecuadorean envoy on board By VINCENT WEE [SINGAPORE] The little guys won big at this year's Ambassadors Cup held at the Changi Sailing Club on Saturday. Competing against much bigger yachts, Kurt Metzger’s 33-foot Nelson 10 Waka Tere with the
      PHOTO:HOWIEPHOTO.COM/CSC  -  584 words
    • 254 23 SGX '000 Nov 2 S$ +/-Vol CH Offshore 0.52 unch 343 Chuan Hup Hldg 0.28 -0.01 1313 Cosco Corp 0.88 0.01 4373 s$ Ezra Hldgs 1.08 unch 3543 First Ship Lea 0.12 unch 171 Freight Links 0.07 unch 4230 Grand Banks 0.30 -0.07 3 Jaya Hold Ltd 0.56
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    • 618 23 WP [WASHINGTON] More than 11 years after the Sept 11 terrorist attacks, it remains possible to use fake boarding passes to get through airport security checks, according to new evidence from security researchers and official documents. The security vulnerabilities could allow terrorists
      WP  -  618 words
    • 3453 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
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  • Page 23 Advertisements
    • 33 23 nUYOl!) H I NUYOUTIME IS 10! DOUBLE-COVER ANNIVERSARY EDITION OUT NOW. V" WIN! 10 watches worth $30,000 from Baume Mercier, Maurice Lacroix, Tissot and more. Grab your copy now for more details. sPHmagazmes
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  • Page 23 Miscellaneous
    • 313 23 CRYPTIC CROSSWORD Across 1 Liverpool, for example, on strike and finding empathy (7) 5 Rock band opening a season (6) 9 Orbison and top celebrities supporting the monarchy (8) 11 Crown, say, finally reacted with wounded pride (6) 12 Disregarding dangers of skin infection (4) 13 Officers ordering a ride
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  • DINING OUT
    • 944 24  -  By Jaime Ee NEW RESTAURANT Nicolas Le Restaurant 10 Teck Lim Road Tel: 6224-2404 HE came, he wowed, got stuck in a rut and left. Now he’s ready for his comeback. But could it be easier said than done? Nicolas Joanny had a
      JAIME EE/YEN MENG JIIN  -  944 words
  • Page 24 Advertisements
    • 99 24 A Brand New Italian Experience at Pontini Chef Daniele Sarno has just joined Pontini as Italian Head Chef. Hailing from Florence, Italy, he has honed his culinary skills in many world renowned restaurants in Italy, United Kingdom, Kuala Lumpur and Singapore. Chef Daniele specialises in traditional Italian cuisine with a
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    • 115 24 Hot Jobs from STJobs! Iff Director of Rooms Resorts World Singapore Online Marketing Manager Food Panda Member Services Manager ACCA Senior Vice President (Based in Hong Kong) K Wah International Holdings Limited Manager, Corporate External Relations St Joseph's Intuition Assistant Director The Law Society of Singapore Regional Retail Business Systems
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  • SINGAPORE STOCKS
    • 3173 25 Week ended: Nov 2 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote Div GrYld 149.5 92.5 AIMSAMPIReit 147xd unch 2822 149.5 146 147 147.5 5.7 14.1 659 M
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    • 262 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 $mil Last 4.6 1.3 t Advanced System 1.4 -0.1 2252 1.5 1.4 1.4 1.5 20.9 Week Last Quote Div Gr Yld Net M Cap High
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    • 116 26 Stock name Close Change CapMallsAsia 1.865 +0.035 CapitaLand 3.310 +0.030 CapitaMall 2.120 -0.010 CityDev 11.590 +0.140 ComfortDelGro 1.655 +0.005 DBS Grp 13.820 +0.020 F&N 9.150 +0.020 GLP 2.700 +0.040 Genting SP 1.315 -0.030 Golden Agri 0.620 +0.005 Stock name Close Change HK Land 6.600 +0.150 IHH
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    • 2224 26 Transaction date: Nov 2 HONG KONG Vol HK$ +/-'000 Aeon Credit 7.20 unch 10 Aeon Stores 19.36 0.22 88 Angang Steel 5.05 0.29 ***** Anhui Conch 28.35 0.25 ***** Anhuiexpresswa 3.90 0.08 872 Asia Satellite 24.75 0.15 19 Asm Pacific 85.65 unch 685 Bank Of E Asia 29.25
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    • 216 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 $mil 39.5 25.5 AVJennings A30 unch 12 30 30 30 32.5 3.6 11.7 2.4 78.1 41.5 26 Genting HK US$ US33.5 +2 ***** 34 31.5 33 33.5 2205.8
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    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 12 2 0 0 0 3 12 2 Manufacturing 43 101 34 8 12 10 51 113 44 Commerce 19 45 11 3 10 2 22 55 13 Tpt/Stor/Comms 10 28 5
      186 words
    • 1089 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 $mil 126 114.4 ABF SG Bond ETF 119 -7 28 120 119 120 120.1 543.2 128.9 120.4 CIMB APAC Div 100S$D 127.5 -0.9 2 127.5 127.5 126.8
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    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 81,743 81,743 470,746 470,746 Manufacturing 1,292,379 961,226 2,253,605 1,058,185 13,771 1,071,956 Commerce 765,795 28,060 793,855 475,433 1,750 477,183 Tpt/Stor/Comms 484,644 92,709 577,353 800,953 29,058 830,011 Finance 105,911 2,084 107,995 783,003 911 783,914 Construction 230,588 2,017,832
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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
    • 620 27 Nov 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9049.22 9072.39 9031.43 Dec12 8945.00 9080.00 8925.00 9055.00 ***** *****0 Mar13 9040.00 4 2108 MSCI TAIWAN INDEX FUTURES SPOT 259.67 259.84 258.40 Nov12 256.80 259.70 256.40 257.80 ***** *****2 Dec12 256.00 258.90 256.00 257.90
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    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Nov 2 Index Change Change Change Change Change Change World Preliminary 920.0 0.2 10.9 0.2 4.7 -0.1 11.0 EAFE Preliminary 739.7 0.5 8.4 0.2 2.2 0.0 8.4 Europe Preliminary 1123.5 0.4 9.4
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    • 94 27 As on 2 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1713.60 1676.80 1675.00 INDIA GOLD (E-GOLD) FUT DEC2012 573.10 560.45 562.50 CURRENCY EUR-USD FUT DEC2012 1.2943 1.2849 1.2840 BASE METAL COPPER FUT DEC2012 7806 7733 7673 INDEX IRON ORE (MBIO) IDX
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    • 107 27 Nov 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1527.00 1558.50 1558.00 1524.75 Jan 13 1526.75 1560.00 1560.00 1524.25 Mar 13 1503.75 1533.50 1534.75 1501.75 May 13 1471.25 1493.00 1493.25 1466.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 49.26
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    • 70 27 CRUDE OIL PRODUCTS Nov 01 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.44 -0.81 WTI (Near Mth) 86.92 0.78 Dubai (1-Mth F) 105.09 -1.97 Tapis blend 113.72 -0.75 Minas 107.29 -1.83 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.67 -1 Jet Kerosene 126.44 -0.96 US$/barrel OpecOil Basket
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    • 22 27 Nov 2 S$ Bid Offer 1-month 1.2214 1.2225 2-months 1.2214 1.2225 3-months 1.2214 1.2224 6-months 1.2210 1.2221 Source: OCBC
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    • 64 27 Nov 2 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1899.50 1917.50 3 months 1925.00 1940.00 Copper, Grade A(US$/tonne) Cash 7661.75 7825.00 3 months 7665.00 7826.00 Lead(US$/tonne) Cash 2098.50 2133.50 3 months 2095.00 2126.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 80 27 Nov 2 COCOA (£/tonne) Close Prev High/Low Dec 12 1582 1562 1585/1558 Mar 13 1578 1560 1581/1555 May 13 1585 1563 1587/1559 Jul 13 1592 1566 1594/1568 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1952 1958 1975/1950 Jan 13 1976 1984 1995/1971 Mar 13 1993 2000 2012/1988 May 13 2008
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    • 1038 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 4 1 146 488 6.38 18 Conv Ratio Baker Technology Ltd W*****6 0.1 -0.1 1440 1 32 2 315.00 0 Price Best World Intl Ltd W*****5 0.3 1
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    • 470 27 Nov 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.035 6.479 0.805 8.044 55.702 99.934 0.834 11.325 3.168 1.256 99.379 42.743 1.268 8.986 0.971 30.348 31.896 0.645 1.038 Canada 0.966 6.259
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    • 58 27 Nov 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$) 1
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    • 136 27 Nov 2 GOLD(US$/oz) Nov 01 Nov 02 Hong Kong 1733.00 1717.70 Nov 02 Nov 02 Nov 01 London 1680.74 1716.79 1681.96 1718.01 Source: Thomson Reuters CAST BAR Nov 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 151 67 5gm 428 336 10gm
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    • 80 27 Nov 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 31-Jan-13 0.24 6-Month BS*****V 02-May-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.12 5-Year N*****0Z 2.375 01-Apr-17 108.73
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    • 57 27 Nov 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2404.0 2404.0 2404.0 2365.0 139 3209 Dec 12 2460.0 2467.0 2465.0 2418.0 1748 ***** Jan 13 2531.0 2537.0 2533.0 2490.0 ***** ***** Feb 13 2570.0 2579.0
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    • 154 27 Nov 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2674 1.2691 1.0377 1.0382 Canadian dollar 1.2245 1.2260 1.0029 1.0025 Euro 1.5751 1.5770 1.2896 1.2901 NZ dollar 1.0089 1.0102 0.8260 0.8264 Sterling pound 1.9655 1.9676 1.6092 1.6096
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    • 121 27 As at 9am Nov 2 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.299 1.238 Can dollar 1.253 1.194 Euro 1.615 1.539 Sterling pound 2.006 1.929 NZ dollar 1.044 0.985 US dollar 1.245 1.186 Local dollars to 100 units of foreign
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    • 157 27 Nov 2 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.38 0.28 3 months 0.45 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12
      157 words


  • Page 29 Advertisements
    • 147 29 TO ADVERTISE IN The Business Times Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 I IL UUJiniLJJ I IIVII J Shipping Times Announce Your Corporate Development
      147 words

  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 723 30  -  With a robust network infrastructure, Singapore is among top regional nations in cloud adoption, writesAMIT ROY CHOUDHURY writesAMIT writesAMIT ROY CHOUDHURY GLOBAL data centre traffic is expected to grow four-fold to hit a 6.6 zettabytes annually by 2016, with the Asia-Pa-cific leading the charge
      723 words
    • 573 30  -  It revamps to give clients ‘McDonald’s experience’ By LOO PO LI MANAGED hosting provider Webvisions has repositioned itself to take a bigger bite out of the cloud-ser-vices pie. The company is an Asia-centred cloud and managed hosting services provider serving the global market. The
      573 words
    • 939 31  -  <you say> By TRIENA ONG The writer is president of the Singapore Book Publishers Association (SBPA) THE era of e-books and digital publishing has opened up a new world of opportunities. Authors, publishers, booksellers and readers can find one another easily anywhere in the
      939 words
    • 1062 31  -  SCCP sees tie-up with banks as ace in the sleeve trumping PayPal and Square By VICTORIA HO SINGAPORE-BASED mobile payments company SCCP Payment Services is up against strong competition in the form of PayPal and Square. All three offer smartphone
      1,062 words
    • 780 31  -  TV continues to evolve with tech convergence By AMIT ROY CHOUDHURY THE proliferation of new media platforms, devices and technology is transforming the cable and satellite industry in Asia and changing its very nature, according to the chief of the principal industry body. Speaking to
      780 words
    • 157 31 AFP [SEOUL] Samsung Electronics said yesterday that global sales of its flagship Galaxy S III smartphone had topped 30 million since its debut in May. “The Galaxy S III continues to be a runaway favourite with customers around the world,” JK Shin, head
      AFP  -  157 words
  • Page 30 Advertisements
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  • Page 31 Advertisements
    • 105 31 THE SOUND VISION SPECIALIST AV ONE 2012 COLLECTIONS Zikmu designed by Philippe Starck Now: $2,688 Black,White, Red Available Custom AV Room Feature Wall Design AV ONE TOTAL AUDIO VISUALISM' A Sony, Infocus, Panasonic Full HD 3D Projector Made in Japan. From $2,699 $35,000 PMC, Lindemann Hifi/Cinema System Made in Germany/UK.
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  • Page 32 Advertisements
    • 134 32 BV LGA R I .•v \vi r- r'3Err'. "TtBir ,'V j m fS. j .-> \r s 'V, Mi /-f H. in > m mp s fsal M >■■■i :>r m :^6 v .V I ■•.-•;■-v •a r/ V V. m r LG B V A R r® v» I
      134 words