The Business Times, 25 October 2011

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Total Pages: 53
1 21 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 Tuesday, October 25,
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  • 789 1  -  Severe food shortages may hit South-east Asia and worsen inflation as floods wreak their havoc By MICHELLE QUAH [SINGAPORE] Severe flooding in the region, particularly in Thailand, is threatening a severe food shortage in South-east Asia a spectre that is set to
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  • 475 1  -  Debt stands at more than 50% of GDP for second year running, latest report shows By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S national debt rose by 12.3 per centto over RM407 billion (S$164 billion) in 2010 making it
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  • 142 1 GST INDEX 2,760.95 (+48.54) GST INDEX FUTURES 2,761.00 (+49.00) GSIMSCI 316.52 (+5.84) GSIMSCI FUTURES 316.80 (+6.80) FOREX US$ S$ US$ (S$ per US$) 1.270 (US$/S$ per 1.596 2.027 EURO (US$/S$/E) 1.389 1.764 Foreign currency per US$ S$ YEN 76.20 60.00 RM 3.135 2.468 HK$ 7.778 6.124 BAHT 30.86
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  • Page 1 Advertisements
    • 187 1 EXXONMOBIL Nothing’s too tough for oil veteran Kwa Chong Seng PAGE 27 PROPERTY First Sofitel hotel to open in S’pore in 2013 PAGE 32 STOCK MARKETS Asian shares rally PAGE 2 Ernst Young EOY Awards Industry stalwarts lauded for entrepreneurship Don’t miss our 18-page special feature with today’s BT SME
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    • 12 1 CORPORATE GOVERNANCE Stakeholders need to step up PAGES 4, 11 8"*****1 *****4
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  • TOP STORIES
    • 542 2 Rice futures ride high on wall of worry SEVERE flooding in the region, particularly in Thailand, is threatening a serious food shortage in South-east Asia a spectre that is set to push food prices, particularly those of rice, even higher and extend the 20 per cent rally in
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    • 627 2  -  Hopes rise for proper EU debt crisis plan tomorrow: China’s PMI adds some cheer By CONRAD TAN [SINGAPORE] Stock markets rallied strongly across Asia yesterday on hopes that a new plan to stop the sovereign debt crisis in Europe from spiralling out of
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    • 365 2 Plantation group said to have hired bankers for offering to raise up to RM6b Reuters [KUALA LUMPUR] Malaysian plantation company Felda Global Group has hired bankers for an initial public offering that would raise as much as US$2 billion next year, sources
      Reuters  -  365 words
    • 568 4  -  Richard Eu is recognised for his efforts in the traditional Chinese medicine sector By JOYCE JOYCE HOOI [SINGAPORE] Richard Eu has tried on many hats merchant banker, stockbroker and venture capitalist but none fit as well as that of an entrepreneur. For his
      PHOTO: ARTHUR LEE  -  568 words
    • 604 4 Six districts at risk as water flow could reach critical levels AFP [BANGKOK] Millions of people in the Thai capital yesterday nervously prepared for advancing and seemingly unstoppable floodwaters after residents in areas deemed most at risk were urged to leave. Bangkok authorities warned that
      AFP  -  604 words
    • 526 4 Reuters [NEW YORK] The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts. The trigger
      Reuters  -  526 words
    • 486 4  -  SIAS CEO urges stakeholders to uphold good corporate governance practices By JAMIE LEE [SINGAPORE] Corporate governance standards may have levelled off in Singapore which means that stakeholders need to step up, noted David Gerald, CEO of Securities Investors Association (Singapore) or SIAS, yesterday. His
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  • Page 4 Advertisements
    • 69 4 YOU TRAINING AN ACCOUNTANT WHOSE EYES ARE ON THE CLOCK, BUSINESS? 7Y :<V- i\. mb SI 3V- mi T~ *TV i i (SHES^ H -'x l > of FTSE 100 companies have an ICAEW Chartered Accountant on their board. Now you know who to consider for your next business investment.
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  • COMPANY NEWS
    • 513 6  -  This is despite economic uncertainties setting in, says Acra chief By LYNETTE KHOO COMPANIES are paying more attention to compliance matters as corporate governance has assumed greater importance following the recent spate of corporate failures. But with economic uncertainties setting in, there is “a
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    • 178 6  -  By DOLLY CHIA CNMC Goldmine’s initial public offering (IPO) placement shares were fully taken up by investors four days before its close today. “The IPO is an exciting chapter for the company. The support by our investors is a vote of confidence and has
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    • 831 6  -  HOCK LOCK SIEW By FELDA CHAY THOSE dazzled by the giddy heights that gold prices have touched will likely cheer when Malaysian gold miner CNMC Goldmine Holdings Ltd makes its trading debut on the Catalist board this Friday, going by how quickly its IPO
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    • 414 8 At a glance Three months ended September 2011 Nine months ended September 2011 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 Keppel Corp 1,102.49 955.29 15.4 7,277.52 6,997.11 4.0 406.13 304.64 33.3 2,702.05
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    • 396 8  -  By DOLLY CHIA OKP Holdings’ third-quar-ter net profit climbed 8.3 per cent to $4.89 million, from $4.52 million a year ago. This was despite the infrastructure and civil engineering group recording a 30.4 per cent, or $11.1 million, plunge in revenue to
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    • 1079 8 A SPECIAL SERIES BROUGHT TO YOU BY SHAREINVESTOR EVERY now and then, a stranger will come up to Mrs Lorna Whiston and say: “I remember you! I attended your school when I was a child.” Sometimes, they’ll add: “You used to be my
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    • 503 8  -  Quarter’s DPU of 1.52 cts compares with adjusted 1.55 cts a year ago; full year DPU up 2.7% By EMILYN YAP FRASERS Commercial Trust (FCOT) yesterday posted a distribution per unit (DPU) of 1.52 cents for the fourth quarter ended Sept 30. This is 1.9
      503 words
    • 274 9  -  Others in venture are Ho Bee and Shanghai Youyou By MINDY TAN YANLORD Land, Ho Bee Investment and Shanghai Youyou yesterday jointly announced the successful acquisition of two adjacent prime residential development sites via a public land auction for three billion yuan (S$595
      274 words
    • COMPANY BRIEFS
      • 88 9 OLAM International has acquired select spice assets and businesses of Indian spice exporter Vallabhdas Kanji Limited (VKL) for US$18 million. The assets acquired include VKL’s spice processing facility in Cochin, India, its pepper grinding factory in Vietnam and its sales and distribution operations in North America.
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      • 62 9 RUBBER producer GMG Global’S third-quarter net profit surged 49.3 per cent year on year to $24.4 million on higher revenue and volumes. Revenue jumped 183 per cent to $312.3 million, helped by higher average selling prices (ASP) of $5,636 per tonne. The group had a
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      • 80 9 CHIP Eng Seng Corporation’s wholly owned subsidiary, CES-Precast Pte Ltd, has won several contracts worth $33.7 million for the supply and delivery of precast components for public and private projects. These recent contracts are for a duration of about six to 15 months,
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      • 64 9 HYFLUX Ltd’s joint venture company, Hyflux Utility Ltd, has signed a memorandum of understanding (MOU) with Yangzhou Chemical Industrial Zone Administrative Authority. Under the MOU, Hyflux will have the exclusive rights to commence due diligence on the feasibility of implementing phrase 3 of the Yangzhou
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    • 371 9  -  By EMILYN YAP OCBC Bank has introduced a simpler, yet richer, online banking platform in a revamp costing over $10 million. New functions include “savings jars” which help customers set aside money for specific purposes, and the bank will continue to invest in online services
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    • 5 9 DAILY
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    • 122 9 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4302-115.6 -2.1 OCBC Bk 5.1%NCPS 100 ***** -49.0 -0.5 DBS BP ePW*****2 53 -8.0 -13.1 STI 2850BPePW*****9 31 -7.5 -19.5 APStrategic 98 -7.0 -6.7 Pan Hong 27 -6.5 -19.4 STI 2750BPePW*****9 30.5 -6.0 -16.4 IS LC BND 100US$ 995 -5.1 -0.4
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  • Page 6 Advertisements
    • 55 6 DRAGON BRAND BIRD'S NEST SINCE I 957 We congratulate Mr Richard Eu, Group Chief Executive Officer of Eu Yan Sang International Limited, for being accorded The Ernst Young Entrepreneur of The Year 2oil Singapore Traditional Healthcare KIM HING FOOD INDUSTRIES PTE LTD 60 South Bridge Road Singapore *****0 Tel: 6538
      55 words
    • 216 6 CAtv WECS •OE'OV* -T^ 6 VO 5 v $,«> VO X R FET^ e E<« What makes an MBA program "Executive"? We believe it's about experience. Behind the Rutgers Executive MBA program stands the experience and global reputation of Rutgers University, the 8th oldest university in the United States. Our
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  • Page 7 Advertisements
    • 109 7 minim c 5 A' *u I JJS Sp; Wlt WH w I w I (WW MmU I hi i i v* i j W V/ I l\N 77 1 7 OF OUR GA Conference Asia Pacific (HICAP) Award X^X Fx% \^\\^\7S S X X %v Xx S X xX v7
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  • Page 9 Advertisements
    • 109 9 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download for FREE from Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will
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    • 19 9 c? Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MAT3 NOTICES
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  • SINGAPORE MARKETS
    • 605 10  -  STI rises 48.54 points but volume remains low; structured warrants on Hang Seng actively traded STOCKS R SIVANITHY Senior Correspondent MARKETS yesterday picked up where they left off last Friday by banking on European leaders being able to put together a meaningful rescue plan
      Source: Bloomberg  -  605 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 1 4 0 0 0 10 1 4 Manufacturing 67 31 39 8 2 4 75 33 43 Commerce 27 12 10 4 1 1 31 13 11 Tpt/Stor/Comms 27 7 5
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    • 121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,632 26,632 93,161 93,161 Manufacturing 198,565 27,666 226,231 169,822 196 170,018 Commerce 79,671 13,611 93,282 101,190 627 101,818 Tpt/Stor/Comms 162,051 6,347 168,398 203,135 662 203,797 Finance 20,242 100 20,342 165,684 21 165,705 Construction 24,038 1,814
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    • 655 10 CURRENCIES [LONDON] The euro yesterday fell versus the US dollar, coming off a six-week high as uncertainty over whether eurozone leaders would agree on a comprehensive plan to tackle the debt crisis this week prompted investors to take profit on its earlier rally.
      655 words
    • 114 10 Stock name Close Change CapMallsAsia 1.250 +0.005 CapitaLand 2.510 +0.060 CapitaMall 1.850 -0.010 CityDev 10.130 +0.190 ComfortDelGro 1.350 +0.020 DBS Grp 12.120 +0.300 F&N 5.990 +0.070 GLP 1.585 +0.005 Genting SP 1.620 +0.020 Golden Agri 0.620 +0.005 HK Land 4.770 +0.070 JMH 50.500 +0.740 JSH 28.390
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    • 4 10 DAILY
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    • 66 10 Oct 24 VALUE CLOSE BT OB/OS 777.00 +122.0 BT CADI -*****.00 +185.0 BT 10-day MA -*****.00 +78.00 FTSE ST Mid Cap 618.07 +6.95 FTSE ST Small Cap 419.58 +3.84 FTSE ST All Share 664.05 +10.68 FTSE ST China Top 191.06 +2.36 FTSE ST China 225.64 +3.14 FTSE
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    • 58 10 VOLUME Golden Agri 90,445,000 Genting SP 39,307,000 Noble Grp 36,103,000 GMG Global 35,464,000 Midas 28,239,000 HPH Trust US$ 27,542,000 STXOSV 24,088,000 Swiber 23,891,000 TigerAir 21,666,000 Yangzijiang 21,241,000 VALUE($) Keppel Corp 73,142,911 Genting SP 64,113,595 Golden Agri 56,888,610 SingTel 56,194,510 Noble Grp 52,727,410 DBS Grp 47,949,090 OCBC Bk
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    • 112 10 BY CENTS CLOSE UP GLD 10US$ ***** 346.7 1.7 IS S&P500 ***** 317.5 2.0 DBXT MSKorea 10US$ 5377 299.7 4.6 DBXT Nifty 10US$ ***** 219.7 1.7 DBXT FTChina25 10US$ 2551 172.7 5.6 DBXT MSEurope 10US$ 4214 171.5 3.3 Lyxor China H 10US$ 1238 104.1 7.1 JMH 5050 94.0 1.5
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  • CORPORATE GOVERNANCE
    • 576 11  -  These issues raised by respondents create hurdles to corp governance By JAMIE LEE THE trail runs cold for many regulators, making it difficult for them to obtain proof of misdeeds such as undisclosed related-party transactions, a 2011 OECD (Organisation for Economic Co-operation and Development) report
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    • 577 11  -  By MICHELLE TAN WITH increasingly complex fraud schemes coming to light at a worryingly regular pace, regulators have been under pressure from stakeholders to step up corporate governance measures by introducing more rules to keep organisations in check. But would a rule-based
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    • 310 11 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 kicked off yesterday. A key feature of the programme is the
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  • Page 11 Advertisements
    • 136 11 EQUALLY AT HOME IN THE CITY 3L o s |W» IR 4 II *'~ZL~ U£r <*- f »rV V.- i w. s*3S8Sss&s* iPK&>agH& MimM 8KsS2 '*>• •'SPv-VJ'PVi'--..' Y new paths and places. And owners have been q accessories and eauioment to do iust that. After f 7 adapts to your
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  • SINGAPORE NEWS
    • 655 12  -  Total investment figure of US$2.6b is the highest since 2007 By CHEN HUIFEN REGARDLESS of the expected slowdown in economic growth in China, Sin-gapore-based companies continued to be optimistic about the market, signing 17 pacts involving a total investment of US$2.6
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    • 450 12  -  By TEH SHI NING SINGAPORE’S inflation rate slowed in September, but at 5.5 per cent still marked the fourth straight month consumer prices have risen at a pace of over 5 per cent year-on-year. While inflation appears to have peaked August’s was a
      450 words
    • SINGAPORE ROUNDUP
      • 59 12 AMY Khor, Minister of State for Health, has been appointed chairman of the National HIV or Aids policy committee from Oct 1. The 16-member committee includes representatives from civil society organisations such as Action for Aids, Aids Business Alliance, and health organisations such
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      • 46 12 THE National Parks Board has a new online resource package on eight parks and nature reserves launched in conjunction with the Clean and Green Singapore 2012 campaign. It comprises lesson plans for educators and worksheets for students aged seven to 16.
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    • 383 12  -  Visitor arrivals up 14% to 3.2m in the quarter By NISHA RAMCHANDANI SINGAPORE’s tourism industry posted a strong showing in the second quarter of this year, registering tourism receipts of $5 billion, up 18 per cent year-on-year, while visitor arrivals grew
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    • 419 12  -  SICCI partners SBF on Lanka mission, joins Malay chamber on Jakarta visit By MALMINDERJIT SINGH LOCAL business chambers and industry associations are increasingly collaborating to achieve synergies from their respective networks and expertise. Taking the lead in this initiative, the Singapore Indian
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    • 433 12  -  By KALPANA RASHIWALA ROBINSON Point has been put on the market through an expressions of interest (EOI) exercise. Office industry watchers expect the pricing could be in the range of $2,300-2,350 per square foot on net lettable area (NLA) or a total
      433 words
    • 224 12 FOUR executive masters of business administration (EMBA) programmes from Singapore-based campuses landed among the world’s top 20 in Financial Times’ latest rankings. Two of these EMBAs are offered by the National University of Singapore (NUS) Business School. The school’s joint programme with
      224 words
    • 512 12  -  Baby boomers the happiest, young adults unhappiest By CHUANG PECK MING WITH echoes of last week’s debate on economic growth and happiness in Parliament still ringing in many ears, the results of a survey released yesterday could make you wonder what the
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  • SME Inc
    • 898 13  -  Seeksquare is a time-saving website that aims to match consumers with service providers, reports MAXIE AW YEONG reports MAXIE AW YEONG ONE year ago, Damian Sia was looking for a second-hand car that had limited distribution in Singapore. Like most shoppers, he searched on
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    • 957 14  -  From its inception in 2004, OM Associates has increased its turnover to $274 million last year By GAN JING WEN, SOH CHIN YING, WANG JIAZHAO THE company’s logo, the Sanskrit word “OM” enveloped in a golden yellow oval, is displayed prominently in its head
      FILE PHOTO  -  957 words
    • 1086 15  -  CEO of Trans-Cab attributes the success of the firm to its good relationship with taxi drivers By CHAN YIK HUNG, CHUA AIK XIN, MAO XIHUI TRANS-CAB Services (Trans-Cab) chief executive officer Teo Kiang Ang believes that when opportunity comes knocking on your door, you should just grab
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    • 948 16  -  A clear vision combined with passion is needed, says managing director of Linkers By MITALI KUMAR, PRIYA VOHRA, YIP HAI HSIAN ‘HAVINGtheburning desire to do something different and meaningful is often the driving force behind many successful entrepreneurs. But the passion must be accompanied by
      ARTHUR LEE  -  948 words
    • 550 16 ASK NUS PROFS Associate Professor Daniel J McAllister, Department of Management Organisation, NUS Business School Q: Many large organisations often have the problem of employees having a silo mentality. If something does not seem to fall within their job scope, they say ‘it is not
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  • Page 13 Advertisements
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  • Page 14 Advertisements
    • 245 14 Canon Delighting You Always Canon empowers success. k To succeed, you should always be one step ahead. Willin Low, Restaurateur/Chef Wild Rocket, Wild Oats, Relish, Burger Bench Bar A maverick chef and entrepreneur, Willin Low has been elevating modern Singaporean cuisine for years. At the helm of a steadfast culinary
      245 words
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  • Page 15 Advertisements
    • 45 15 r Congratulations to Mr Richard Eu Group Chief Executive Officer of Eu Yan Sang International Limited, on receiving the Ernst Young Entrepreneur Of The Year® 2011 Singapore Traditional Healthcare DESIGN BASE PTE LTD 23 Tagore Lane, #04-07, Singapore *****1 Tel: 6456 9177 Fax: *****637 www.designbase.com.sg
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    • 77 15 Mum puts businesses in the lead with better IT." 9 mm t -v J HE-al a JPI Best Practices. Best Solutions. Best Results. SYSTEM MANAGEMENT SOLUTIONS ICT SOLUTIONS INTEGRATION IT INFRASTRUCTURE SOLUTIONS TOMORROW -P' TOGETHER Our dedicated team at Hitachi ICT Solutions constantly develops innovative consulting, business applications and systems
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  • Page 16 Advertisements
    • 163 16 Mr Chua Kim Hoy Family, together with our staff at Tai Yang Hong Healthy Products Supply, extend our Warmest Congratulations to Group CEO of Eu Yan Sang International Ltd, Mr Richard Eu on receiving this prestigious award Ernst Young Entrepreneur Of The Year 2011 Singapore Traditional Healthcare Mr Richard Eu
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  • SINGAPORE EXPERIENCE AWARDS
    • 1029 17  -  In recent years, Mount Alvernia Hospital has increased its outreach efforts outside of Singapore, reports NISHA RAMCHANDANI These sectors are the supporting, yet critical, pillars that contribute to quality tourism. They ensure our industries are not only equipped with the talent capabilities in
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    • 896 17  -  By NISHA RAMCHANDANI AS Singapore’s tourism industry grows by leaps and bounds, the industry needs a continuous pipeline of trained talent so that it can remain competitive, says Institute of Technical Education (ITE) College West’s principal Yek Tiew Ming. “In recent
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  • Page 17 Advertisements
    • 119 17 This is the fourth in a 5-part series brought to you by the Singapore Tourism Board As the most prestigious awards platform in Singapore’s tourism industry, Singapore Experience Award recipients individuals and organisations from sectors encompassing Attractions, Business Travel and MICE, Dining, Education, Entertainment, Healthcare, Hospitality and Retail are judged
      119 words

  • ECONOMY WATCH
    • 701 18  -  Officials preparing to take action, says minister, but traders remain sceptical By ANTHONY ROWLEY in Tokyo JAPAN’S Finance Minister Jun Azumi yesterday stepped up recent threats for unilateral foreign exchange market intervention after the yen hit a fresh record high against
      701 words
    • 460 18 AFP [BRUSSELS] A quiet devout Belgian with a love of Japanese poetry is the somewhat unlikely new master about to crack the whip at nations sharing the single currency, to keep the euro in line. Herman Van Rompuy, 63, currently EU president and
      AFP; REUTERS  -  460 words
    • 490 18 Banks in talks to settle probe, keep tradition of secrecy Bloomberg [ZURICH] Swiss banks will likely settle a sweeping US probe of offshore tax evasion by paying billions of dollars and handing over names of thousands of Americans who have
      Bloomberg  -  490 words
  • Page 18 Advertisements
    • 65 18 UHU Mr Richard En Group Chief Executive Officer of Eu Yan Sang International Eimited Oily The Ernst Young Entrepreneur of The Year 2011 Singapore Traditional Healthcare lA/o dro /ot ochu Ms&iwf ISfllK PROGYMS CS PROGYMS PHARMACEAUTICAL SDN BHD Lot 23, Rawang Industrial Estate Jalan RP3 1 7 Miles, ***** Rawang,
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  • MALAYSIA/INDONESIA
    • 454 19 Lawmakers yield to move to cut risk of political interference in bank supervision Bloomberg [JAKARTA] Indonesia ended months of impasse over the board composition of a planned financial regulator as lawmakers yielded to the government’s efforts to reduce the risk of political
      Bloomberg  -  454 words
    • 244 19 Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd’s planned Islamic bond offering, the second biggest in Malaysia this year, will push the nation’s annual ringgit sukuk sales to a record. The state-owned power producer will start marketing RM4.85 billion (S$1.96 billion) of syariah-compli-ant
      Bloomberg  -  244 words
    • 266 19 Reuters Bloomberg [WASHINGTON] Indonesia’s central bank should stand ready to tighten monetary policy given swift credit growth and a plan to cut energy subsidies, the International Monetary Fund (IMF) says. In its annual review of Indonesia’s economy, the IMF’s executive board said last Friday
      Reuters; Bloomberg  -  266 words
  • Page 19 Advertisements
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    • 729 19 Toshiba recommends Windows® 7. h TOSHIBA Leading Innovation »> n BCN No. AWARD Toshiba Group contributes to the sustainable future of planet Earth 2011 \i certified ENERGY STAR Top Prize GOLD EPEAT Gold rated in Singapore. A A R830 LIGHTNING-FAST BRAIN. SUPER-SLIM BODY. FULL SPEC. DeepaRaya Delight! i FREE TOSHIBA
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  • GREATER CHINA/INDIA
    • 598 20 Annual industrial output growth in October expected to hover around 13% Reuters [BEIJING] China’s vast manufacturing sector expanded moderately in October to snap three months of contraction, reflecting the resilience of robust domestic demand that is likely to soothe fears of an abrupt
      Reuters; AFP  -  598 words
    • 547 20 Bloomberg Reuters [SYDNEY] China’s economic expansion will slow to about 7 per cent as stagnating global growth damps exports while new political leaders focus on boosting domestic demand, Pacific Investment Management Co said. Chinese gross domestic product increased at the slowest annual
      Bloomberg; Reuters  -  547 words
    • 269 20 Bloomberg [HONG KONG] Hong Kong banks may face “negative rating action” as higher lending to China makes their loan portfolios riskier, Fitch Ratings says. “Hong Kong’s banks will likely cede some of their historical strengths of robust capitalisation and low risk appetite
      Bloomberg  -  269 words
    • 394 20 AFP [NEW DELHI] UAE telecom operator Etisalat and a unit of Reliance Communications say they will contest charges filed by Indian authorities relating to the allocation of 2G telecom licences in January 2008. India may have lost up to US$39 billion
      AFP  -  394 words
    • 249 20 Bloomberg [BEIJING] China sentenced two officials to jail for leaking secret economic data, as the government warned it will “strike hard” against disclosures that enable insider trading in the world’s third biggest equities market. Wu Chaoming, a researcher with the Finance Institute at
      Bloomberg  -  249 words
  • Page 20 Advertisements
    • 459 20 >©" OATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ADIS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****5371G) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of the
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    • 478 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ANGELO GORDON SINGAPORE PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****1342W NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members of the abovenamed
      478 words
    • 477 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PROLOGIS SINGAPORE MANAGEMENT PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****9281C NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members of the abovenamed
      477 words
    • 357 20 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of COGNOTEC SINGAPORE PTE LTD Company Reg. No. *****1016M Notice of Creditors’ Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50 NOTICE is hereby given that pursuant to Section 296 of the Companies Act, Cap.
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    • 412 20 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of ANIMAL (S) PTE LTD Company Reg. No. *****3588K Notice of Creditors’ Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50 NOTICE is hereby given that pursuant to Section 296 of the Companies Act, Cap.
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  • WORLD
    • 560 21 They may lend financial support to private equity firms or others weighing an offer, say sources NYT [NEW YORK] As a host of potential bidders circle Yahoo, several of Silicon Valley’s biggest companies are considering whether to jump into the fray themselves. Microsoft
      NYT  -  560 words
    • 558 21 Japanese firm’s shares tumble as bourse urges it to disclose more info Reuters [TOKYO] The US Federal Bureau of Investigation (FBI) is probing the massive advisory fee paid by Japan’s Olympus Corp in its takeover of a British company, a media report said
      Reuters; REUTERS  -  558 words
    • 602 22 Cabinet would try and plough through reforms, notably in pensions system: PM AFP [ROME] Italian Prime Minister Silvio Berlusconi called an emergency Cabinet meeting yesterday to review new austerity measures after EU leaders pressed him to fulfill pledges to cut Italy’s huge debt and
      AFP  -  602 words
    • 573 22 Call comes before lawmakers decide referendum on EU membership Bloomberg [BRUSSELS] Prime Minister David Cameron stressed the urgency of resolving the euro region’s debt crisis as he tried to maintain discipline in his Conservative Party before UK lawmakers voted on the European
      Bloomberg; AFP  -  573 words
    • 409 22 Bloomberg AFP [BRUSSELS] Tensions between UK Prime Minister David Cameron and French President Nicolas Sarkozy boiled over as they argued over the right of non-euro nations to attend tomorrow’s meetings on a revamped strategy to contain the Greece-fuelled debt crisis. Mr Cameron said the
      Bloomberg; AFP  -  409 words
  • Page 21 Advertisements
    • 325 21 P3P NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School LEADERSHIP CONFERENCE: Transformational Strategies for Succeeding in a Volatile Marketplace m m. Mm mn h *****12 /J 8 41 b •v <© <3 :> J A V Rapid changes in the economy, sudden shifts in consumer preferences, increasing culturally-diverse talent mix in organizations,
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    • 161 21 &M. 1 F <* Making it easier for you to go to Jakarta and back in a day. At Garuda Indonesia we want business travellers like you to get home as soon as possible. With 8 daily flights and the earliest departure time from Singapore to Jakarta, the 'World's Most
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  • Page 22 Advertisements
    • 171 22 Start bidding with The New Paper and stand to win prizes worth up to $75,000! For 8 weeks, TNP$ printed in denominations of 100, 200, 300, 400, 500 can be found in The New Paper and The New Paper on Sunday. Pick up a copy, save up and start your
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    • 16 22 TUNE IN TO LISTEN FOR STREET TEAM LOCATIONS AND TRACK THEM DOWN TO GRAB THE CODEWORD!
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    • 22 22 ISSUE FOUR A f t> Comes With Your Personal Watch Collector's Journal GET IT NOW Available At All Leading Bookstores sPHmagazines T
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  • AVIATION
    • 446 23 Air freight is likely to remain weak in coming months, says analyst Reuters [HONG KONG] Hong Kong International Airport (HKIA), the world’s busiest air cargo hub, posted a 6.1 per cent decline in September cargo volume, as the European and US economic woes dampen
      Reuters  -  446 words
    • 506 23 AP [FRANKFURT] Lufthansa AG and Fraport AG used the opening of a new runway at Frankfurt Airport to plead for a swift return to night flights at Germany’s largest airport, arguing they were crucial for the freight industry. “The price for
      AP; AFP  -  506 words
    • 322 23  -  Sept’s 12.5% rise brings 9-month tally to 34.2m By VEN SREENIVASAN [SINGAPORE] Singapore Changi Airport remains on course to handle some 45 million passengers this year after another 3.82 million passengers moved through its gates in September 2011. This 12.5 per cent year-on-year
      FILE PHOTO  -  322 words
    • 306 23 AFP [SYDNEY] Australian customs workers yesterday threatened to strike for 24 hours at international airports in a dispute over pay and conditions which could throw travel plans into chaos across the country. Customs staff have walked off the job several times already, causing
      AFP  -  306 words
    • 386 23 Reuters [NEW DELHI] The Indian government is likely to approve a plan to allow foreign airlines to buy stakes in Indian carriers, India’s industry secretary said yesterday. “It is likely to happen,” R P Singh told Reuters over the phone, when asked if
      Reuters  -  386 words
  • Page 23 Advertisements
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  • Page 23 Miscellaneous
    • 333 23 CRYPTIC CROSSWORD Across 1 Look agitated following massacre (8,4) 9 The precursor to fire in which one cooks (6-3) 10 Rejected story covering degree communication (5) 11 Grant relief for part of complex empty (6) 12 Broadcast late (mainly) and never to the point (8) 13 Stiffener for the top
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  • 2770 24 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 24 Advertisements

  • SHIPPING
    • 633 25 But capesize market seen supported by China’s demand for iron ore, coal Reuters [LONDON] The capesize market should remain supported by healthy iron ore and coal exports to China, even as the Baltic Exchange’s main sea freight index, which tracks rates to ship dry
      Reuters; BLOOMBERG FILE PHOTO  -  633 words
    • 473 25 Reuters [LONDON] Cooperation between Somalia’s Al-Qaeda-linked militants and pirate gangs is growing as the AlShabaab group becomes more desperate for funding, the head of the United Nations’ counter-piracy unit said last Thursday. In recent days, Kenya launched a cross-border incursion into Somalia to flush out
      Reuters  -  473 words
    • 277 25 Bloomberg [BEIJING] China, with the world’s busiest port at Shanghai, may double the number of local companies allowed to sell tax-exempt marine fuel as demand from ships increases. The Ministry of Commerce is formulating the plan after it received applications this year from five companies
      Bloomberg  -  277 words
    • 608 25 Hainan-backed company says it’s interested in listed firms in US, Europe Bloomberg [HONG KONG] HNA Group, the Chinese investor in aviation, shipping and hotels, said it has access to as much as 40 billion yuan (S$8 billion) of credit lines to support
      Bloomberg  -  608 words
  • Page 25 Advertisements

  • EDITORIAL & OPINION
    • 488 26 EDITORIAL WHILE a lot of media attention has, quite properly, been given to the ongoing sovereign debt crisis in the eurozone, rather less has been said about the also serious, though rather more opaque, debt crisis of a different nature that has been
      488 words
    • 802 26  -  THE BOTTOM LINE DAVID MASON The writer was a partner with Price Waterhouse Singapore for 18 years. He now runs his own consultancy in business communications in the UK. He spends several months a year with clients in Singapore. Email: david.mason466@btinternet.com I’VE been coming to
      802 words
    • 1070 26  -  It’s beneficial for governments to create a compulsory basic public pension system By JOSEPH CHERIAN, LAURENT LASSALVY Joseph Cherian is practice professor of finance and director, Centre for Asset Management Research and Investments (Camri) ofNUS Business School; Laurent Lassalvy is visiting
      DESMOND FOO/ THE STRAITS TIMES  -  1,070 words
    • 1268 27  -  Retiring ExxonMobil Asia-Pacific head talks about his career and challenges he’s faced RONNIE LIM Energy Editor IF there’s one takeaway from talking with oil veteran Kwa Chong Seng, it’s that problems no matter how big are not insurmountable. There is this hardhat-engineer trait
      EXXONMOBIL  -  1,268 words
    • 859 27  -  PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT IF it weren’t so tragic, the current European crisis would be funny, in a gal-lows-humour sort of way. For
      NYT  -  859 words
    • 782 27  -  LETTERS TO THE EDITOR Stephen Townley International sports lawyer, arbitrator, mediator and foreign consultant for KhattarWong’s Sports Law Practice I REFER to the article “Five golf pros swing at Asian Tour in court today” (BT, Oct 24). The article raises the important
      782 words
    • 181 27  -  Hudson Teh Financial controller Great Group Holdings WE refer to the article “Great Group looks for gains from LSE listing” (BT, Oct 24). The article states that the group “is the first mainboard listed company to received approval-in-principle from the Singapore Exchange (SGX) to list
      181 words


  • SINGAPORE STOCKS
    • 8021 28 Transaction date: Oct 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12 8Telecom 13.5 unch 130 13.5 13.5 13.5 15.5 7.8 4.5 2.8 64.7 9.5 4.1 A-Sonic 4.6 unch 6
      8,021 words
    • 1503 29 52-wks Last Vol Day 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 14.7cd -0.1 120 14.8 14.7 14.7 15.4 4.7 3.7 5.7 26.3 5.5 2.5 t AA Grp 3 +0.2 10
      1,503 words
    • 10062 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.12/ APS Alpha Fund (USD)!** 0.87/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.6/ Aberdeen Asset Mgt Asia Limited American Opp 0.6043/ Asian Credit Fund
      10,062 words
    • 227 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A38 39 46 3.6 9.2 3 99 53 25.5 Genting HK US$ US27.5 +0.5 7577 28 27.5 27 27.5 1810.7 15 10 OGL Resources
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    • 858 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 118 117 118 538.6 1261 856 CIMBAsean40 100US$ US959 +26 91 962 953 951 959 38.4 ***** ***** DBXT AUD
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  • FINANCE & COMMODITIES
    • 374 30 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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    • 107 30 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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    • 83 30 Oct 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 26.01.2012 0.28 0.30 0.30 1-Year BY*****X 02.05.2012 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.44 103.52 103.47 5-Year N*****0W 1.125 01.04.2016 102.55
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    • 460 30 Oct 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4600 0 1089 Mar12 99.3800 0 3778 Jun12 99.3550 0 1101 Sep12 99.3400 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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    • 77 30 CRUDE OIL PRODUCTS Oct 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.02 2.42 WTI (Near Mth) 87.42 1.57 Dubai (1-Mth F) 105.10 -0.04 Tapis blend 117.48 -0.03 Minas 110.68 -0.03 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.11 -0.11 Jet Kerosene 125.70 1.36 US$/barrel Opec Oil
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    • 127 30 As on 21 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS GOLD FUT DEC2011 1645.00 1620.40 1635.80 1612.80 SILVER FUT DEC2011 31.195 30.465 31.180 30.275 CURRENCY AUD-USD FUT DEC2011 1.0279 1.0132 1.0261 1.0163 EUR-USD FUT DEC2011 1.3894 1.3698 1.3841 1.3725 GBP-USD FUT DEC2011
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    • 175 30 Oct 24 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 11 390.0 390.0 389.5 10 282 Dec 11 393.0 388.0 389.8 35 373 Jan 12 388.2 237 Feb 12 387.5 387.5 388.7 20 140 Mar 12 397.0
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    • 69 30 Oct 21 Aluminium, 99.7% purity (US$/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) Cash *****.50
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    • 82 30 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$/tonne) Close Prev High/Low Nov 11 1868 1814 1911/1835 Jan 12 1906 1848 1951/1865 Mar 12 1937 1878 1980/1899 May 12
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    • 2096 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 55 49.00 31 ASJ Hldgs W*****1 0.2 1 4 24 17.00 4 AlliedTech W*****2 1.7 1 4 25 Aztech Grp W*****3 0.4 1 20 110
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    • 463 30 Oct 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.046 6.627 0.748 8.085 51.890 92.242 0.792 11.806 3.258 1.292 90.216 44.962 1.320 8.321 0.919 31.313 32.080 0.651 1.039 Canada 0.956 6.337
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    • 82 30 Oct 24 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 141 30 Oct 24 GOLD (US$/oz) Oct 24 Oct 21 Hong Kong 1655.50 1627.00 Oct 21 Oct 20 London 1635.82 1613.89 1636.82 1614.80 Source: Thomson Reuters CAST BAR Oct 24 (S$) Selling Buying Kilobar 71,184.34 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 162 67 5gm 459 336 10gm 820
      141 words
    • 57 30 Oct 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 2885 2890 2911 2885 1923 4882 Dec 11 2893 2891 2917 2889 3512 ***** Nov 07 2882 2890 2919 2875 ***** ***** Feb 12 2898 2896
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    • 29 30 Oct 24 Oct 24 Open High Sett STI Oct 2761 SIMSCI Oct 310.6 318.4 316.8 Taiwan Oct 256.5 265.9 265.3 Source: MF Global (S) Pte Ltd
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    • 154 30 Oct 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3197 1.3206 1.0391 1.0396 Canadian dollar 1.2620 1.2626 0.9937 0.9939 Euro 1.7636 1.7646 1.3887 1.3891 NZ dollar 1.0204 1.0232 0.8035 0.8055 Sterling pound 2.0260 2.0270 1.5953 1.5957
      154 words
    • 154 30 Oct 24 $S Offer Bid 0vernight 0.04 0.02 1-month 1/4 1/8 2-months 1/4 1/8 3-months 5/16 3/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.35 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
      154 words
    • 22 30 Oct 24 S$ Bid Offer 1-month 1.2700 1.2703 2-months 1.2699 1.2703 3-months 1.2697 1.2701 6-months 1.2677 1.2683 Source: OCBC
      22 words
    • 121 30 As at 9am Oct 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.35 1.286 Can dollar 1.289 1.24 Euro 1.799 1.73 Sterling pound 2.071 1.992 NZ dollar 1.051 1.001 US dollar 1.294 1.245 Local dollars to 100 units of foreign
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  • PROPERTY
    • 448 31  -  Its indicative pricing is on the higher side when compared with resale flats: SLP By MINDY TAN TRIVELIS, an 888-unit development under the Design, Build and Sell Scheme (DBSS), will be launched by EL Development tomorrow. Located at Clementi Ave 4, the three
      448 words
    • 372 31 Most developers are under cash pressure, says analyst Bloomberg [SHANGHAI] Hundreds of Shanghai homeowners gathered outside sales offices of China Overseas Property Group Co over the weekend protesting price cuts by the developer after their purchases, Shanghai Daily reported yesterday. The buyers were demanding
      Bloomberg  -  372 words
    • 941 32  -  First-ever Sofitel here at ex-Ogilvy Centre will have 135 rooms and suites By KALPANA RASHIWALA SINGAPORE’S first-ever Sofitel hotel will open in early 2013. The property, with 135 rooms and suites, will be located at the former Ogilvy Centre a landmark conservation
      YEN MENG JIIN  -  941 words
  • Page 31 Advertisements
    • 173 31 Veronica Chao (R*****8E) 9111 7775 Chow Kok Seng (R*****6J) 9685 7557 Agency Licence No. L*****36J Ardmore Park Spacious 4-bedroom (2,885 sq ft) with balcony Epitome of modern luxury living Sprawling landscape (320,000 sq ft) Exclusive address Goodwood Hill greenery view Full condo facilities For a pleasant buying selling experience, call
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    • 167 31 TRIST4 R PRIME GOOD CLASS BUNGALOW AT DISTRICT 10 BRIZAY PARK ASSET MANAGEMENT CONSUITAMCY REM ESTATE Tristar Properties Pte Ltd For Sale by Expression of Interest closing: 8th November 2011 (Tue) 3pm www.tristarproperties.com.sg Freehold Elevated rectangular-shaped regular plot of land Frontage 30 metres Land area approx. 16,000 sq ft Built-up
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    • 382 31 RESIDENCES RESIDENCE Wilby Central *****888 Wilby Bukit Timah *****505 1 ■V-. WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes' walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For more information,
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  • Page 32 Advertisements
    • 153 32 ADE LTA NONSTOP COMFORT TO THE U.S. We know there are many reasons that send you overseas these days. That's why we offer daily service from Singapore to Tokyo-Narita where you can connect to 10 U.S. gateways. To make sure your time with us is as comfortable as possible, starting
      153 words
    • 177 32 4* Brand New B1 Industrial Building for Sale at 72 Lorong 19 Geylang Freehold Land size 4,200sqft; approx GFA 10,500sqft 1 block of 9 storey multi-user light industrial factory building 8 units with good layouts, attached washroom and lift lobby on every floor Service lift, ample surface carpark, guardhouse, autogate
      177 words

  • THE BUSINESS TIMES Ernst & Young EOY Awards
    • 385 1  -  Joyce Hooi AST night, four more intrepid figures in the world of business were inducted into the entrepreneurial hall of fame. At the Ernst Young Entrepreneur Of The Year (EOY) 2011 awards gala dinner, Richard Eu, group CEO of Eu Yan Sang International, emerged Entrepreneur
      385 words
    • 1229 2  -  Eu Yan Sang’s Richard Eu tells JOYCE HOOI having a dream is what differentiates an entrepreneur from a businessman JOYCE HOOI RICHARD Eu more than knows his way around the Ernst Young Entrepreneur of the Year (EOY) awards. In 2003, he was made a finalist.
      YEN MENG JIIN  -  1,229 words
    • 1066 2  -  It is the spirit of constantly innovating that has earned accolades for Tung Lok’s Andrew Tjioe, reports MINDY TAN reports MINDY TAN AN opportunistic streak runs in the blood of any entrepreneur, or at least the more successful ones. It is what enables them to
      1,066 words
    • 1277 4  -  Tan Wee Beng tells JOYCE HOOI how his efforts to haul Wee Tiong into the next era has paid off JOYCE HOOI TAN Wee Beng has spent the last decade turning his company into something that is virtually unrecognisable today. The director of Wee
      ARTHUR LEE  -  1,277 words
    • 1151 4  -  Serial Systems’ Derek Goh tells MINDY TAN persistence and hard work are the secrets to his success MINDY TAN WHILE having a spanner thrown into the works of well-laid plans may have derailed a lesser man, the economic crisis has not shortened the stride in Serial
      YEN MENG JIIN  -  1,151 words
    • 1037 6  - Help for entrepreneurs F1 style Like the teamwork seen in race teams, wealth managers provide clients the support to manage investment risks. By DIDIER VON DAENIKEN The writer is chief executive of Barclays Wealth Asia Pacific. Barclays Wealth is the wealth management division of Barclays MANY entrepreneurs I have spoken
      AFP  -  1,037 words
    • 1075 6  -  By MAX LOH The writer is Ernst Young’s Singapore country managing partner and Asean sub-area managing partner ENTREPRENEURS play a vital socio-econom-ic role. When entrepreneurs develop new businesses, they also create jobs, increase economic activity and drive innovation. Yet, despite the entrepreneurs’ positive influence
      STOCK.XCHNG  -  1,075 words
    • Article, Illustration
      1426 7  -  Successful entrepreneurs learn from past failures, reports KAREN NG reports KAREN NG ONE thing successful entrepreneurs have in common is something that most people don’t talk about failure. A lot of it. As Sam Loo, managing director of LCI Executive Seminars Pte Ltd tells it: “Out of
      FILE PHOTOS  -  1,426 words
    • Article, Illustration
      1209 7  -  By KAREN NG, CHEN HUIFEN PARENTS often urge their children to study hard to get good grades, find a steady job and earn a good salary at a big company. So working at SMEs go against the grain, as that is thought to be risky and without a
      YEN MENG JIIN  -  1,209 words
    • 939 14 Research and development are crucial to businesses, especially small and medium-sized enterprises WITH the Chinese predilection for bird’s nest soup, this delicacy represents a lucrative market worth more than $60 billion. Traditional methods of production, however, have put the product out of reach of the majority of
      939 words
    • 1881 16 OVERVIEW LAST night, four businessmen were recognised for their entrepreneurial drive and achievements at this year’s Ernst Young Entrepreneur Of The Year a1wards. BT finds out from them what goes into the making of a successful entrepreneur and what the future holds, for both their
      YEN MENG JIIN; ARTHUR LEE  -  1,881 words
    • 1209 17  -  Angel investors who back young Singaporean firms also need to be more savvy in helping them globalise. By WONG POH KAM The writer is a professor at NUS Business School. He is also the director of the NUS Entrepreneurship Centre and the founding chairman ofBansea
      1,209 words
    • 1209 18  -  Business models to shape and sustain success in the new landscape are evolving in fundamental ways. By HARSHA BASNAYAKE IN business, reversals of fortune are common. Yet, few organisations could have predicted the turnarounds in developing markets in the past few years or the fallout for
      STOCK.XCHNG  -  1,209 words
  • Page 1 Advertisements
    • 278 1 CONTENTS Medicine man on a mission I PAGE 2 Self-made man makes good I PAGE 4 Help for entrepreneurs F1 style I PAGE 6 Decoding the DNA of the entrepreneur I PAGE 6 kg Ik L T- py-y a >5 Our Heartiest Congratulations to our Executive Ckairman/Group CEO, Dr. Derek
      278 words


  • Page 3 Advertisements
    • 246 3 ill M i 1% i m s r V 5 I' f I >v 1 v V V L iv V 1M \m W s r t, ;!i i, PROVING THERE ARE NO LIMITS. WEALTH. WHAT'S IT TO YOU? If wealth to you means scaling new entrepreneurial heights, we're highly
      246 words


  • Page 5 Advertisements
    • 218 5 Ernst Young Entrepreneur Of The Year 2011 Singapore Hi" Ernst Young honors Singapore's top entrepreneurs Vision and reality are usually two different things. Not to an entrepreneur. Ernst Young is proud to present its 10 th Ernst Young Entrerpreneur Of The Year 2011 award to Mr. Richard Eu of Eu
      218 words






  • Page 11 Advertisements
    • 97 11 Congratulations to Mr Andrew Tjioe, Executive Chairman of TungLok Group, for his achievement as Ernst Young Entrepreneur Of The Year 2011 Lifestyle. lH|£ §B J Tee Yih Jia Group Sam Go/ We are pleased to be associated with Mr Andrew Tjioe, Executive Chairman ofTungLok Group. Our congratulations on your achievement
      97 words

  • Page 12 Advertisements
    • 79 12 Heartiest Congratulations to Mr Andrew Tjioe, Executive Chairman of TungLok Group for receiving the Ernst Young Entrepreneur Of The Year 2011 Lifestyle award. Best Wishes AD ARISTA INTERIOR DECOR Mr Richard Ong Managing Director Ernst&W«3 Entrep' eI,eu Of The*"* Congratulations to Mr Andrew Tjioe/ Executive Chairman of TungLok Group, for
      79 words
    • 3 12 BestWishes BGTan ManagingDirector
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  • Page 13 Advertisements
    • 42 13 Times, Tuesday, 25, Heartiest Congratulations to Mr Andrew Tjioe Executive Chairman of TungLok Group for receiving the Ernst Young Entrepreneur Of The Year 2011 Lifestyle award. m Ernst 8a oung WW Entrepreneur 0' Thexear Best Wishes Leek Tin Heng Managing Director BestWishes
      42 words

  • Page 14 Advertisements
    • 34 14 Heartiest Congratulations to Mr Andrew Tjioe, Executive Chairman of TungLok Group for receiving the Ernst Young Entrepreneur Of The Year 2011 Lifestyle award. med Top Wines Pte Ltd Flora Loh Managing Director V www.topwines.com.sg
      34 words
    • 35 14 st&Vounq Lre preneur Tpe^ear Heartiest Congratulations to Mr Andrew Tjioe, Executive Chairman of TungLok Group for receiving the Ernst Young Entrepreneur Of The Year 2011 Lifestyle award. C r 0 pRESHENliVft PROFESSIONAL v Albert Moh
      35 words

  • Page 15 Advertisements
    • 155 15 T fc-ii. '.ilErustMounq \\w Entrepreneur 0* TheTear' Congratulations to Mr Andrew Tjioe, Executive Chairman of TungLok Group, for his achievement as Ernst Young Entrepreneur Of The Year 2011 Lifestyle. IN DOG UNA. MEAT SEAFOOD SERVICES GOURMET WINE Elizabeth Liman r W I A I V w r 7 0 1
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  • Page 17 Advertisements
    • 35 17 Congratulations to MR RICHARD EU Group CEO, Eu Yan Sang International Ltd Ernst Young Entrepreneur of the Year 2011 Singapore Award for the Traditional Healthcare Category Best wishes from 1 convertiurrr (INTERNET PASSION) X RESULTS
      35 words
    • 22 17 MR ANDREW TJIOE FOR BEING AWARDED THE ERNST YOUNG ENTREPRENEUR OF THE YEAR 2011 LIFESTYLE From Mr and Mrs Wee Kheng Jin
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  • Page 18 Advertisements
    • 332 18 CONGRATULATIONS Tan Wee Beng Proud Recipient Of The Ernst Young Entrepreneur Of The Year Award 2011 (Emerging) n V Mr Tan Wee Beng, Director, Wee Tiong (S) Pte Ltd is this year's recipient of the Ernst Young Entrepreneur Of The Year Award 2011 category winner. Wee Tiong (S) Pte Ltd
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