The Business Times, 12 November 2012

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Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, November 12, 2012
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  • 1083 1  -  But some analysts say their strong Q3 numbers stem more from volatile trading gains By SIOW LI SEN [SINGAPORE] The three local banks have turned in better-than-expected thirdquarter profits despite slowing growth and fierce competition, in yet another sign of the resilience of the
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,009.56 -31.19 KL COMP 1,641.08 -15.05 NIKKEI 225 8,757.60 -293.62 HANG SENG 21,384.38 -726.95 SET INDEX 1,290.83 -15.77 JAKARTA COMP 4,333.64 -5.25 MANILA COMP 5,468.79 +44.28 SEOUL COMP 1,904.41 -14.3 SHENZHEN B 599.92 -9.91 MUMBAI IND 18,683.68 -71.77 DOW 12,815.39 -277.77 NASDAQ 2,904.87 -77.26 S&P
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    • 17 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.490 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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    • 49 1 us$ s$ US$ (S$ per US$) 1.223 (US$/S$ per 1.598 1.954 EURO (US$/S$/E) 1.276 1.560 Foreign currency per US$ S$ YEN 79.50 65.00 RM 3.063 2.505 HK$ 7.751 6.339 BAHT 30.65 25.07 RUPIAH 9,633 7,878 RENMINBI 6.240 5.103 INDIAN RUPEE 54.46 44.54 A$ 0.959 0.785 NZ$ 1.224 1.001
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  • 929 1  -  Only 33 big ticket units sold compared to 57 last year By KALPANA RASHIWALA [SINGAPORE] Sales of luxury condos and apartments priced $10 million and above have taken a hit this year, with 33 such properties changing hands in the first 10
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  • Page 1 Advertisements
    • 121 1 DINING OUT Carving up a feast at Tung Lok Xihe PAGE 21 COMMENTARY Will analysts be spot-on again in 2013? PAGE 6 YOUNG INVESTORS’ FORUM Investment lessons from US election page 12 VIEWS FROM THE TOP Singapore: clean or cleaned city? pages 10-11 BT WEBSITES For breaking news, go to
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  • TOP STORIES
    • 701 2  -  It had major role in famed Burj Khalifa, Capital Gate towers By S JAYASANKARAN in Kuala Lumpur IT TAKES about an hour to Sharjah from Dubai and one is immediately struck by the fact that the United Arab Emirates is fashioned
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    • 261 2 PROJECT NAME LOCATION STRATA AREA (SQ FT) TRANSACTED PRICE UNIT PRICE PSF) CONTRACT DATE TENURE TYPE OF SALE The Marq On Paterson Hill Bishopsgate Residences Boulevard Vue Boulevard Vue The Orchard Residences Richmond Park Hilltops V on Shenton Nassim Park Residences Nassim Park Residences The Marq on Paterson
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    • 365 2 S’pore banks’ results beat expectations THE three Singapore banks have turned in better than expected third quarter profits despite slowing growth and fierce competition, in yet another sign of the resilience of the domestic and regional economies. DBS Group, OCBC Bank and United Overseas Bank are also reaping
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    • 913 2  -  Partisanship is likely to prevail over common sense in budget talks: report WALL STREET INSIGHT By ROB CURRAN MARKETS slid last week as investors’ relief at the end of a long presidential campaign gave way to worries about a cliffhanger budget debate. It’s like
      PHOTO: AP  -  913 words
    • 500 2  -  By JASMINE NG [SINGAPORE] Bruce Springsteen and Jon Bon Jovi aren't the only musicians with charitable hearts. A cast of 210 youth will be performing for the annual charity concert ChildAid next month. They will sing, dance or play musical instruments at
      ST & TNP FILE PHOTOS  -  500 words
    • 751 4  -  Charoen’s move today will hinge on whether he still wants control By KENNETH LIM [SINGAPORE] The market will find out today what Thai tycoon Charoen Sirivadhanabhakdi is ultimately willing to pay for majority control of Fraser and Neave (F&N) if no rival
      PHOTO: THE NATION, BANGKOK  -  751 words
    • 264 4  -  By LEE U-WEN [SINGAPORE] Several DBS and POSB automated teller machines (ATMs) here were temporarily out of service yesterday morning. Services were progressively restored from noon onwards and all the affected machines were fully operational by 3pm, a DBS Bank spokesman said. The
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    • 416 4  -  In S’pore, consumers are likely taking out more, bigger loans By NISHA RAMCHANDANI [SINGAPORE] Consumer leverage in Asia, which has been rising in recent years, is expected to stay robust as long as interest and unemployment rates continue to remain low. “Employment levels
      Source:  -  416 words
  • Page 2 Advertisements
    • 80 2 OSEA2012 The 19th International Oil Gas Industry Exhibition Conference SINCE 1976 27 30 November 2012 Marina Bay Sands Exhibition Opening Hours: 10.30am 6.00pm V ft jEneraisinq Join Asia's most well-attended Oil Gas event Meet 1,500 leading exhibitors from over 45 countries regions Hear from key representatives in Douglas-Westwood Keppel Corporation
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  • Page 3 Advertisements
    • 127 3 -g?' > 4 V»Agg? PAN ERAI.COM V 'ir-.XS---ii’.- >' ii/T V-s, S'-* X- ‘T -T V.:" rh Vlff (i W y 'X: r- i >1 B V S* V/ HI O X ss j aa* Ph 22&% A/^ v V" < y*csz&z V Si v.. v„ *Vx v„ 1& 'C
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  • Page 4 Advertisements
    • 58 4 Wanted. Dog food taster d A product of SPH, Singapore's trusted media group. 4 A A A. A d A k. 44f>4-f-f4 e&gni *«*S^ 0' c ?t* C** 100% mm If there’s really an opening, you’ll probably find it on stjobs.sg The STJobs App for iPhone and iPad is free
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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
    • 669 6  -  HOCK LOCK SIEW By R SIVANITHY AT around this time last year, analysts started issuing forecasts for the 12 months that lay ahead arguably a bit early but suggestive of how confident they were of their analyses as well as their belief that
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    • 427 6  -  By LEE U-WEN LESS than two years after its initial public offering (IPO), Harry’s Holdings could soon be private-ly-owned once again. On Saturday, F&B Asia Ventures announced plans to make a takeover offer for the homegrown pub and restaurant operator.
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    • 270 6 COMPANY MEETING PLACE DATE TIME ChinaSing Inv S Re!Hoice 2 Level 2 Hotel Re! Pearl's Hill 175A Chin Swee Road 15-Nov 2.00pm HSR Global E 3 Lorong 6 Toa Payoh #01-01 HSR Building 15-Nov 9.30am Armada Group S 50 Raffles Place #06-00 Singapore Land Tower 16-Nov 3.00pm Jiutian
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    • 249 6 Nov 9 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 ...6.00 ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a ...5.50 Bank of Taiwan Chang Hwa Commercial Bank 5.50
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    • 288 6 PACIFIC Healthcare Holdings Ltd has announced that Benny Kwan has been disqualified from acting as a non-executive, non-independent director of the mainboard-listed company. The company said in a notice to the Singapore Exchange (SGX) website last Saturday that it had discovered that
      Compiled by BT  -  288 words
    • 710 6 At a glance Three months ended Sept 2012 Nine months ended Sept 2012 NET PROFIT CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) TURNOVER 1 OCBC Bk 3330.0 1718.0 93.8 6283.0 4164.0 50.9 1850.0 513.0 260.6
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    • 1439 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 Cap In 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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    • 1785 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE trading by directors was low for the third straight week with only 17 transactions worth $6.8 million based on filings on the Exchange from Nov 5 to 9. The figures,
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  • Page 6 Advertisements
    • 413 6 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HELVETICA WEALTH MANAGEMENT PARTNERS (ASIA) PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****2385D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 9 Battery Road
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  • Page 7 Advertisements
    • 116 7 Confidence to invest That’s what commercial lenders can achieve when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world partner with us to manage virtually every kind
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  • SINGAPORE MARKETS
    • 718 8  -  STOCKS R SIVANITHY Senior Correspondent TO borrow from Rabobank we’d have to sum up the outlook for the week ahead as “more of the same” prices should continue to drift in low volume, house traders and proprietary desks will churn the penny stock
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    • 500 8 COMMODITIES AFP [LONDON] Commodities mostly fell in volatile trade this week as investors eyed demand fears, presidential elections in the US and a looming leadership change in China. Investors’ focus was firmly fixed on US President Barack Obama’s victory over Republican challenger Mitt
      AFP  -  500 words
    • 630 8 CURRENCIES Bloomberg [NEW YORK] The euro slid the most in four months versus the yen on concern a US budget showdown known as the fiscal cliff will push the world’s biggest economy into recession and Greece will struggle for more rescue funds.
      Bloomberg  -  630 words
    • 1486 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 9.85 14.77 1.52 1.46 Amtek Engineering 2.67 2.67 6 0.07 6.23 0.71 0.55 ARA Asset Management 1.43 1.43 7
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    • 4 8 WEEKLY
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    • 64 8 Nov 9 VALUE CLOSE BT OB/OS -642.00-132.00 BT CADI -*****.00-125.00 BT 10-day MA -*****.00 -65.00 FTSE ST Mid Cap 733.92 -5.90 FTSE ST Small Cap 482.09 -1.97 FTSE ST All Share 736.41 -1.68 FTSE ST China Top 198.55 -1.10 FTSE ST China 223.99 -0.04 FTSE ST Catalist
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    • 56 8 VOLUME YHM 1,608,835,000 Transcu Grp 494,046,000 Golden Agri 394,893,000 Noble Grp 270,503,000 Oceanus 205,569,000 Genting SP 182,067,000 Teledata 162,030,000 Contel 143,010,000 Thai Beverage 100,681,000 LionGold 96,140,000 VALUE($) Keppel Corp 390,556,994 SembMar 336,959,823 Noble Grp 331,602,624 DBS Grp 281,233,803 Wilmar 257,572,615 Golden Agri 243,274,225 SingTel 239,561,086 F&N 236,634,330
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    • 117 8 BY CENTS CLOSE UP CIMBAsean40 100US$ 1059 425.4 48.9 GLD 10US$ ***** 311.7 1.5 DBXT S&P Short 10US$ 3647 132.0 3.1 DBXT iBoxxSing 5SG$ ***** 82.0 0.6 DBXT FTVietnam 10US$ 2001 81.9 3.5 Hyflux 6% CPS 10 ***** 50.0 0.5 DBXT MSKorea 10US$ 5647 36.7 0.5 DBXT SPASX200 10US$
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    • 130 8 BY CENTS CLOSE DOWN IS DJ US Tech 6886 -743.2 -8.1 DBS Bk 4.7% NCPS 100 ***** -200.0 -1.9 DBXT Nifty 10US$ ***** -199.2 -1.5 JMH 5959 -173.6 -2.3 DBXT FTChina25 10US$ 2774 -123.5 -3.5 JSH 3530 -118.6 -2.7 DBXT E50 10US$ 3704 -114.9 -2.5 DBXT MSEurope 10US$ 4444
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    • 5 8 WEEKLY
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  • SINGAPORE NEWS
    • 485 9  -  MPs file 110 questions; 9 Bills due for second reading By LEE U-WEN A WHOLE host of issues such as inflation, population growth and public housing will be raised when Parliament sits this afternoon. Members of Parliament have filed a total of 110 questions
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    • 858 9 ASK QUESTION: I am a director of a Singapore steel manufacturing company. A close business associate of my company recently requested that a loan be extended by my company to him personally, essentially to help him tide over his immediate cash flow problems.
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  • Page 9 Advertisements
    • 252 9 AV Simmons XWj Backdate ne^^ 1h fj^mniiher^a^w Simmons Thanks Our Loyal Customers Simmons® BackCare hi has been my husband s and my trusty sleeping companion for over It has never failed us in providing a comfortable rest after cv long hard day. We aregoing to replace it with a new
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  • VIEWS FROM THE TOP
    • 3064 10 THIS WEEK’S TOPIC Do you agree that Singapore is a “cleaned city” rather than a clean city where cleanliness is seen as everyone’s civic responsibility? Which are the areas needing the most urgent attention, and what immediate steps would you recommend? John Koh Managing Director Newday Consulting
      PHOTO: FILE PHOTO  -  3,064 words

  • Page 11 Advertisements
    • 42 11 kissel A Jf Ah^Ofds CVCtM vtS'h KISS92 IS PART OF SPH RADIO NETWORK A $20,000 diamond is yours for a kiss Tune in to Kiss92 to find out how to make this diamond yours forever kiss92.sg Dfacebook.com/kiss92fm @kiss92fm 9 the Diamond guarantee
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1300 12  -  Ten insights distilled from the recent campaign are also of relevance to investors and entrepreneurs. RITHOLTZreports BARRY RITHOLTZ The writer is chief executive of FusionIQ, a quantitative research firm. He is the author of Bailout Nation, and runs a finance blog, the Big Picture WISDOM
      PHOTO: AP  -  1,300 words
    • 1256 12  -  From customised laptops to post-sales support, the customer comes first at Aftershock. By LEE MEIXIAN STARTING YOUNG By LEE MEIXIAN MARCUS Wee, 28, has envisioned running his own laptop building business for 10 years now, but not until four months ago did
      ARTHUR LEE  -  1,256 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
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  • MALAYSIA/INDONESIA
    • 604 13 He is now planning a RM2b six-star hotel, mall project next to Twin Towers [KUALA LUMPUR] Businessman Syed Yusof Tun Syed Nasir is returning to property development and building niche properties for high net worth people. Mr Syed Yusof, or JoJo as he
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    • 1613 13 VOL Nov 9 RM +/-(‘000) VOL Advance Synerg 0.16 unch 1005 Adventa Bhd 1.90 unch 161 Ae Multi Hldgs 0.24 -0.01 222 Affin Holdings 3.37 -0.01 2113 Ahmad Zaki Res 0.69 0.01 22 Airasia Bhd 2.94 -0.01 6225 Alliance Finan 4.07 -0.01 2556 Aluminium Co 0.76 unch 20
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    • 555 13 Some minerals will need more time to process, says govt Reuters [JAKARTA] Indonesia may allow copper, zinc and lead miners more time to comply with a 2014 deadline to process ores in the country, the top industry body said on Friday, as the
      Reuters; PHOTO: REUTERS  -  555 words
    • 285 13 [KUALA LUMPUR] Tony Fernandes has added another feather to his cap by venturing into the field of education. The AirAsia group chief executive officer chairs the board of governors of Epsom College in Malaysia, a new international school. Mr Fernandes invested RM150 million (S$60 million)
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  • Page 13 Advertisements
    • 1567 13 >®' WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices YHM GROUP LIMITED (formerly known as China EnerSave Limited) (Incorporated in the Republic of Singapore) (Company Registration Number: *****6776D) 4&6A== #:;A?*9=A "A+&A" :;A $#&:A): #:;A?*9=A ?A@89?A=-366 $3!9:369%A" :A?(= ;A?A9& =;366 1A3? :;A =3(A (A3&9&> 3= 8=A" 9& :;A $9?$863? "3:A" 52
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  • CHINA'S PARTY CONGRESS
    • 990 14 Leaders give no hint they intend to curb their role in govt in a meaningful way NYT [BEIJING] With China at a critical juncture, there is a rising chorus within the country’s elite expressing doubt that the 91-year-old Communist Party’s authoritarian system
      NYT; PHOTO: AP  -  990 words
    • 723 14 Move to beat rise of protectionism in West, boost region Reuters [BEIJING] China’s sovereign wealth fund will focus more of its US$482 billion firepower on Asia in twin bids to beat a rise in protectionism in the West and boost exposure to rapid
      Reuters  -  723 words
    • 205 14 AP [BEIJING] China’s leadership transition has formally edged ahead, with the executive body of the Communist Party Congress forwarding a list of names to congress delegates for review. State media reported that the congress’s presidium, 41 current and former members of the leadership, approved the candidate
      AP  -  205 words
  • Page 14 Advertisements
    • 161 14 4 v. Li a Be dazzled by young singers, dancers and musicians. Catch their dance styles ranging from ballet to hip-hop, classical music with a twist and the hottest hits and K-pop songs. And be captivated by rising homegrown YouTube stars and award-winning young pianists from the region. Proceeds from
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  • GREATER CHINA/INDIA
    • 739 15 They are luring consumers with special offers, product launches AFP [MUMBAI] Indian retailers hope to boost disappointing consumer spending with a frenzy of special offers during this week’s Deepavali festival, led by carmakers crowding the market with nearly 20 new cars. Deepavali, the Hindu
      AFP; PHOTO: AFP  -  739 words
    • 733 15 50,000 merchants on Tmall.com made 10b yuan in 13 hrs AP [BEIJING] Lei Shujie, a designer in Shanghai, piled up a wish list for yesterday, a quirky holiday dubbed “Singles Day” that has grown into China’s and possibly the world’s busiest online shopping day.
      AP  -  733 words
    • 330 15 AFP [MUMBAI] Indian Prime Minister Manmohan Singh has said the economic “gloom and doom” clouding the country in recent years has been dispelled and that he is determined to push ahead with further reforms. In a speech on Saturday evening in Mumbai, Mr
      AFP  -  330 words
  • Page 15 Advertisements
    • 25 15 ft Ik ,3)20" mmmmm More Malaysian companies may choose to list and raise funds on the SGX To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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    • 949 15 CHINA KUNDA TECHNOLOGY HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****2727W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of China Kunda Technology Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) will be held on 28 November 2012
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  • ECONOMY WATCH
    • 827 16 Panel asked to draft reform proposals, to avert worsening eurozone’s woes Reuters [BERLIN] German Finance Minister Wolfgang Schaeuble has asked a panel of advisers to look into reform proposals for France, concerned that weakness in the eurozone’s second largest economy could come back
      Reuters; PHOTO: REUTERS  -  827 words
    • 607 16 Export industry feels the chill as global economy cools AFP [FRANKFURT] Europe is in recession, but the majority of companies in Germany, the region’s top economy, are continuing to defy the crisis, with strong and often better-than-expected results in the third quarter. Nevertheless,
      AFP  -  607 words
  • Page 16 Advertisements
    • 578 16 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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  • WORLD
    • 503 17 AFP [MIAMI] President Barack Obama has won Florida’s 29 electoral votes, further fattening his substantial margin of victory over Mitt Romney in what had been predicted to be a close White House race. The Sunshine State was the last to report its
      AFP; PHOTO: REUTERS  -  503 words
    • 661 17 It offers many opportunities despite obstacles such as untested new rules ANALYSIS Reuters [HONG KONG] The world’s top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the nation’s political past. Prudential plc, AIA Group Ltd and
      Reuters  -  661 words
    • 1147 17 But some lawmaker argue there is always a way to find compromise Reuters [WASHINGTON] The “fiscal cliff”, a metaphor drawn from nature, was actually created by members of the US Congress, who designed it to be so horrible that they
      Reuters  -  1,147 words
    • 459 18 British government has failed to provide required financing guarantees Reuters [LONDON] The British government will not get any European Union funding under the first round of a subsidy scheme for carbon capture and storage (CCS) projects because it has failed to
      Reuters  -  459 words
    • 332 18 Bloomberg [SYDNEY] Australia’s business investment rose last quarter, spurred by projects in the state of Queensland, even as weaker commodity prices sparked a drop in sites und er cons i d era t i on Deloitte Access Economics a Deloitte Access Economics report showed. The
      Bloomberg  -  332 words
    • 266 18 AP [YANGON] A strong earthquake of mag-nitude-6.8 struck northern Myanmar yesterday, collapsing a bridge and a gold mine, damaging several old Buddhist pagodas and leaving as many as 12 people feared dead. A slow release of official information left the
      AP; PHOTO: REUTERS  -  266 words
    • 284 18 Bloomberg [LONDON] The UK government ruled out imposing quotas on companies to secure more places for women in the boardroom, while separately announcing it will extend the right to request flexible working to all employees. In an interview with the
      Bloomberg  -  284 words
    • 608 19 Broadcast of mistaken allegation follows Savile revelations Reuters [LONDON] BBC director general George Entwistle resigned on Saturday, just two months into the job, after the state-funded broadcaster put out a programme denounced by its chairman as shoddy journalism. The BBC, reeling from revelations
      Reuters; PHOTO: REUTERS  -  608 words
    • 370 19 Banks claim new capital rules disadvantage them AFP [WASHINGTON] The US Treasury announced Friday that it would not implement the Basel III rules for strengthening banks on Jan 1, saying the banks were not yet ready to meet the tougher capital standards.
      AFP  -  370 words
    • 386 19 Reuters [DUBAI] Most economies hit by the Arab Spring uprisings will recover slowly next year, grappling with high inflation and rising unemployment due to poor global conditions, the International Monetary Fund predicted yesterday. In its twice-yearly outlook for the
      Reuters  -  386 words
  • Page 17 Advertisements
    • 1211 17 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices A A HANWELL HOLDINGS HANWELL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****0888M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Hanwell Holdings Limited (the “Company”) will be held at
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    • 139 17 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF B2K2 PTE LTD (In Members’ Voluntary Liquidation) Reg No. *****0457N NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed Company
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  • Page 18 Advertisements
    • 94 18 V I NEED TO SELL MY GYM MEMBERSHIP 'W gym membership GO BECAUSE ’M PREGNANT. I NEED TO SIGN UP FOR A GYM MEMBERSHIP BECAUSE FRIENDS THINK I’M PREGNANT. -i <■ t t ■ST 4 r-5 V m w Buy it or sell it. At stclassifieds.sg, whatever you’re looking for
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  • Page 19 Advertisements
    • 74 19 jewellery box n hangers M i beauty lotion bikini A gym membership I? bike helmet > perfume basket sewing machine 't ■1 books A A product of SPH, Singapore’s trusted media group. 3 STCLASSIFIEDS At stdassifieds.sg, whatever you’re looking for isn’t hard to find. The STClassifieds App for Android is
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  • AVIATION/SHIPPING
    • 505 20 Reuters [COPENHAGEN] Rebounding container rates drove A P Moller-Maersk’s operating profit above forecasts in the third quarter and the Danish oil and shipping group upped its full-year outlook. Chief executive Nils Andersen cautioned rates could reverse for container division Maersk Line, which
      Reuters; THE BUSINESS TIMES FILE PHOTO  -  505 words
    • 660 20 But the world’s No 3 planemaker says it’s very confident in its revised timetable Reuters [TORONTO] Bombardier Inc’s decision last week to delay the maiden flight of its new C-Series jetliner raised questions about the company’s ability to deliver the jet on
      Reuters; REUTERS FILE PHOTO  -  660 words
    • 564 20 ICAO to submit proposal for official resolution Reuters [WASHINGTON] The European Union last Friday welcomed progress made by the UN’s civil aviation body towards a global deal to cut carbon emissions from the sector, raising hopes that the bloc may stand down
      Reuters  -  564 words
    • 3486 25 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 20 Advertisements
  • Page 20 Miscellaneous
    • 317 20 CRYPTIC CROSSWORD Across 7 Make the most of saying one’s right of course (8) 9 Pasta nut (6) 10 Responsibility it’s our treat! (4) 11 A crust for father’s endeavour following promotion? (4,6) 12 Some said I put savings back, being daft (6) 14 Backing tabloid, captures awards (8) 15
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  • DINING OUT
    • 674 21  -  NEW RESTAURANT Tung Lok Xihe Restaurant 200 Turf Club Road #01-23 The Grandstand, Turf City Tel: 6466-3363 By Jaime Ee SUSHI chefs, step aside. Think you’re the only ones who can do cool things with a sharp knife? Make way for the unsung heroes in Chinese
      PHOTOS: TUNG LOK XIHE RESTAURANT  -  674 words
    • 622 21  -  RE-OPENING Wah Lok Carlton Hotel, 76 Bras Basah Road Tel: 6311-8188 By Jaime Ee WAH Lok has been given a complete makeover but some things never change. Like its kitchen’s persistent refusal to comply with the most rudimentary principle behind demand-supply economics. As in, if they know
      PHOTOS: WAH LOK  -  622 words
  • Page 21 Advertisements
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  • SINGAPORE STOCKS
    • 3214 22 Week ended: Nov 9 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol ('000) 149.5 92.5 AIMSAMPIReit 145.5 -1.5 656 147.5 145.5 145.5 146 5.7 13.9 652.3 High Low Buyer
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    • 279 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.4 unch 200 1.4 1.4 1.3 1.5 20.9 Week Last Quote Div Gr Yld Net M Cap High
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    • 114 23 Stock name Close Change CapMallsAsia 1.890 CapitaLand 3.420 -0.040 CapitaMall 2.060 -0.030 CityDev 11.590 -0.050 ComfortDelGro 1.605 -0.010 DBS Grp 14.080 +0.220 F&N 9.190 +0.090 GLP 2.670 -0.030 Genting SP 1.235 -0.025 Golden Agri 0.615 Stock name Close Change HK Land 6.690 +0.020 IHH Healthcare 1.280
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    • 2220 23 Transaction date: Nov 9 HONG KONG Vol HK$ +/-'000 Aeon Credit 7.20 unch 0 Aeon Stores 19.50 0.32 9 Angang Steel 4.70 -0.03 ***** Anhui Conch 26.35 -0.45 ***** Anhuiexpresswa 3.87 -0.01 466 Asia Satellite 24.90 unch 43 Asm Pacific 89.00 0.50 503 Bank Of E Asia 28.60
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    • 208 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 39.5 25.5 AVJennings A30.5 +0.5 44 31 30.5 25.5 40.5 3.6 11.5 2.4 79.4 41.5 26 Genting HK US$ US33 -0.5 ***** 34.5 32 32.5 33 2172.9
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    • 186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 12 2 0 0 0 3 12 2 Manufacturing 49 98 34 7 10 13 56 108 47 Commerce 21 39 19 2 7 4 23 46 23 Tpt/Stor/Comms 10 28 7
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    • 1058 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 120 +1 12 120 119.5 119.5 120 547.8 128.9 120.4 CIMB APAC Div 100S$D 127.5 124.8 125.7 105.5 95.8 CIMB
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    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 98,735 98,735 592,861 592,861 Manufacturing 1,112,545 226,425 1,338,970 1,286,575 6,220 1,292,795 Commerce 757,367 14,703 772,070 698,561 1,008 699,569 Tpt/Stor/Comms 375,515 85,684 461,199 620,491 25,412 645,903 Finance 104,919 5,664 110,583 690,830 2,578 693,408 Construction 227,442 1,625,656
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  • Page 23 Advertisements
    • 26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 641 24 Nov 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8742.68 8779.24 8729.45 Dec12 8835.00 8860.00 8730.00 8770.00 *****2 *****7 Mar13 8825.00 8825.00 8725.00 8755.00 38 2139 MSCI TAIWAN INDEX FUTURES SPOT 259.34 262.46 257.59 Nov12 258.60 262.10 255.70 261.40 ***** *****9 Dec12 257.90
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    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Nov 9 Index Change Change Change Change Change Change World Preliminary 898.5 0.3 8.3 0.2 2.1 0.2 8.2 EAFE Preliminary 726.5 -0.2 6.5 -0.3 0.1 -0.3 6.1 Europe Preliminary 1103.6 0.0 7.5
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    • 94 24 As on 9 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1738.50 1727.10 1730.60 INDIA GOLD (E-GOLD) FUT DEC2012 579.25 576.25 576.70 CURRENCY EUR-USD FUT DEC2012 1.2793 1.2732 1.2719 BASE METAL COPPER FUT DEC2012 7649 7542 7593 INDEX IRON ORE (MBIO) IDX
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    • 107 24 Nov 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1452.00 1499.25 1501.00 1451.00 Jan 13 1451.25 1495.75 1499.00 1449.00 Mar 13 1436.50 1476.50 1480.00 1435.50 May 13 1419.25 1456.00 1458.00 1418.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 47.77
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    • 70 24 CRUDE OIL PRODUCTS Nov 08 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.17 -0.99 WTI (Near Mth) 85.15 0.41 Dubai (1-Mth F) 104.04 -2.92 Tapis blend 112.8 -2.91 Minas 106.58 -2.91 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.67 -3.83 Jet Kerosene 123.51 -3.01 US$/barrel OpecOil Basket
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    • 22 24 Nov 9 S$ Bid Offer 1-month 1.2223 1.2231 2-months 1.2223 1.2231 3-months 1.2223 1.2231 6-months 1.2220 1.2229 Source: OCBC
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    • 64 24 Nov 9 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1901.50 1902.00 3 months 1921.00 1925.00 Copper, Grade A(US$/tonne) Cash 7568.00 7628.75 3 months 7570.00 7630.00 Lead(US$/tonne) Cash 2177.50 2228.50 3 months 2149.00 2208.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 78 24 Nov 9 COCOA (£/tonne) Close Prev High/Low Dec 12 1540 1519 1544/1518 Mar 13 1538 1518 1542/1516 May 13 1544 1524 1547/1523 Jul 13 1552 1532 1557/1531 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1944 1943 1942/1935 Jan 13 1976 1966 1978/1951 Mar 13 1993 1982 1994/1966 May 13 2009
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    • 1050 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 466 6.63 18 Conv Ratio Baker Technology Ltd W*****6 0.1 1 32 2 315.00 0 Price Best World Intl Ltd W*****5 0.3 1 30 84
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    • 470 24 Nov 9 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 6.504 0.817 8.078 56.756 100.395 0.828 11.332 3.192 1.276 100.056 42.774 1.274 9.058 0.986 30.275 31.945 0.652 1.042 Canada 0.960 6.246
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    • 58 24 Nov 9 (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$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • 134 24 Nov 9 GOLD(US$/oz) Nov 09 Nov 08 Hong Kong 1745.60 1731.00 Nov 09 Nov 08 London 1731.11 1716.16 1731.88 1716.93 Source: Thomson Reuters CAST BAR Nov 09 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 153 68 5gm 435 341 10gm 777 682
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    • 85 24 Nov 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 07-Feb-13 0.24 6-Month BS*****V 02-May-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.11 5-Year N*****0Z 2.375 01-Apr-17 108.75
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    • 57 24 Nov 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2260.0 2257.0 2260.0 2235.0 166 2275 Dec 12 2277.0 2297.0 2314.0 2260.0 1181 ***** Jan 13 2343.0 2336.0 2364.0 2308.0 ***** ***** Feb 13 2387.0 2375.0
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    • 156 24 Nov 9 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2736 1.2751 1.0420 1.0425 Canadian dollar 1.2232 1.2244 1.0011 1.0007 Euro 1.5590 1.5602 1.2755 1.2756 NZ dollar 0.9984 0.9994 0.8168 0.8171 Sterling pound 1.9535 1.9554
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    • 121 24 As at 9am Nov 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.303 1.241 Can dollar 1.253 1.194 Euro 1.598 1.522 Sterling pound 1.994 1.918 NZ dollar 1.029 0.971 US dollar 1.249 1.19 Local dollars to 100 units of foreign
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    • 154 24 Nov 9 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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
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  • Page 26 Advertisements
    • 64 26 TO ADVERTISE IN .THE Business Times Shipping times CALL JOE WONG SpotlightAward Wins Recognition Come publicise your Award Wins Recognition, Ship Christenings Delivery of New Builds, Project Completion, Vessel Conversion Refurbishment, and Company Anniversaries. There’s no better way to anchor your company to new opportunities than with an advertisement in
      64 words

  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 952 27  -  Amid tight IT budgets, more Asia-Pacific companies are looking for cost savings, reports AMIT ROY CHOUDHURY reportsAMIT AMIT ROY CHOUDHURY WITH most regional companies either facing IT budget cuts or cautious spending regimes due to tight economic conditions, one company that is anticipating good business
      952 words
    • 923 27  -  He thinks it’s ready to take on the likes of Symantec, IBM By VICTORIA HO WITH 2012 coming to a close, it would have been almost the same timeframe that Alex Pinchev took the reins of Acronis as
      923 words
    • 285 27 AFP [TAIPEI] Taiwan’s leading smartphone maker HTC yesterday said it has reached a global settlement with technology giant Apple, bringing an end to all outstanding litigation between the two companies. The deal includes a 10-year licensing agreement over patents, HTC said. “HTC
      AFP  -  285 words
    • 857 28  -  More holistic approach needed to protect company data: security vendors By LOO PO LI MANY companies are still stuck in time, thinking that anti-virus software and firewalls are still good enough to stop hackers. They need to have a more big-picture approach towards
      857 words
    • 774 28  -  Its new product MyIT helps simplify BYOD conundrum By AMIT ROY CHOUDHURY BMC Software is looking to grow in Singapore and the Asia-Pacific region by riding on trends like workload automation, consumerisation of IT, and cloud computing, says Chip Salyards, the company’s
      774 words
    • 640 28  -  By AMIT ROY CHOUDHURY TRADE has always been the backbone of Singapore’s economy and a recent study has shown that about 80 per cent of businesses here expect to be using the Internet as a channel for commerce two years from now.
      640 words
    • 625 28  -  By VEN SREENIVASAN THE Obama campaign used it to reach out to individual voters. Companies are using it to target specific customers, based on preferences, needs and circumstances. Companies use it to trou-ble-shoot even before trouble crops up. Welcome to the world
      625 words
  • Page 27 Advertisements
    • 229 27 NETGEAR Connect with Innovation SOHO Smart Wireless Solutions PREMIUM For Enterprise, Hospitals, and Education Wireless Management System DGND3700 N600 WIRELESS DUAL BAND GIGABIT ADSL2+ MODEM ROUTER For DSL internet service Simultaneous Dual Band avoids interference ReadySHARE® USB and DLNA® compatible media server Access USB printer wirelessly WN802T WIRELESS-N ACCESS POINT
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  • Page 29 Advertisements
    • 111 29 data for: 1 0 1 V V A r t i T v* ffii s 3 Data takes you on a journey. Helping people use it to reach a destination is what we do. When used efficiently and effectively, data can improve lives. From developing software for designing smooth and
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  • Page 30 Advertisements
    • 192 30 Montblanc® V-5 •*CV wv!S X' ■x. nn "fft > ■'V *s m-; A «a Sv6& I ,<r s O' as ja 'S a LH. 'i 4 n. cn ttl o 4 i H ?v3 Sr cS o •1*!*' *fn. m c 7- y? V V A mad f//0 M r
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