The Business Times, 3 October 2012
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2012-10-03
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The Business Times
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Title Section25 2012-10-03 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, October 3, 201225 words
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626 2012-10-03 1 TEH SHI NING - No respite for industrial sector with third month of contraction By TEH SHI NING [SINGAPORE] A deeper manufacturing contraction in September all but confirms that Singapore entered a technical recession in Q3, casting a shadow over the quarter that has just begun626 words
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MARKETS DIGEST
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Article65 2012-10-03 1 GST INDEX 3,079.14 (+21.28) GST INDEX FUTURES 3,079.00 (+21.00) GSIMSCI 352.34 (+1.05) GSIMSCI FUTURES 352.70 (+1.10) US$ S$ US$ (S$ per US$) 1.229 (US$/S$ per 1.614 1.984 EURO (US$/S$/€) 1.290 1.585 Foreign currency per US$ S$ YEN 78.10 63.50 RM 3.053 2.484 HK$ 7.754 6.309 BAHT 30.75 25.02 RUPIAH65 words
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Article46 2012-10-03 1 Tuesday Change KL COMP 1,651.03 +7.72 NIKKEI 225 8,786.05 -10.46 HANG SENG Closed SET INDEX 1,305.66 +5.95 JAKARTA COMP 4,256.84 +20.55 MANILA COMP 5,348.68 +40.16 SEOUL COMP 1,996.03 -0.18 SHENZHEN B Closed MUMBAI IND Closed 12 noon EDT Change DOW 13,437.36 -77.75 NASDAQ 3,110.97 -2.5646 words
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Article17 2012-10-03 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.493 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Article, Illustration758 2012-10-03 1 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] Come in earlier or later or, better still, stay home in your pyjamas. As part of a bid to ease the crush of peak-hour traffic, these flexihour alternatives to the daily grind might appeal evenFILE PHOTO - 758 words
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Advertisement132 2012-10-03 1 EXEC MONEY Credit Suisse mixes perfect cocktail for the very rich PAGE 46 COMMENTARY The business of business is people PAGE 30 SPECIAL FEATURES SVCA Awards 2012 PAGES 23-26 Korean National Day PAGES 37-44 Mazda ties up with Berjaya to form M’sia unit PAGE 29 Ship operating cost report paints132 words
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TOP STORIES
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Article647 2012-10-03 2 PMI shrinks again to open technical recession door A DEEPER manufacturing contraction in September all but confirms that Singapore entered a technical recession in Q3, casting a shadow over the quarter that has just begun too. The latest purchasing managers’ index signalled a third straight month of contraction647 words
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Article, Illustration654 2012-10-03 2 LYNN KAN - By LYNN KAN [SINGAPORE] The CEO of Norway-listed IM Skaugen, owner of the Singaporeflagged gas carrier Norgas Cathinka involved in a deadly accident with a ferry in Indonesia, said the incident appeared to be due to human error. Morits Skaugen told The Business Times654 words
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470 2012-10-03 2 EMILYN YAP - Slated to be ready by year-end, it may be broad enough for other benchmarks By EMILYN YAP [SINGAPORE] Draft guidelines for auditing banks’ London interbank offered rate (Libor) submissions may be ready by year-end, and are likely to be broad enough to470 words
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Article, Illustration531 2012-10-03 2 SAMUEL EE - By SAMUEL EE [SINGAPORE] The ultra-lux-ury car market this year should be about the same as last year, except that some distributors may have to put in more effort to make the sale amid the current economic uncertainty. According to a source, 2012 sales of ultra-luxury531 words
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785 2012-10-03 4 GRACE LEONG - By GRACE LEONG [SINGAPORE] Prosecutors, in another surprise move, told the court yesterday that they weren’t able to close their case against former Central Narcotics Bureau (CNB) chief Ng Boon Gay, even though their five witnesses had completed giving evidence. This means that785 words
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711 2012-10-03 4 NEIL BEHRMANN - Region mired in inflationary recession with output shrinking By NEIL BEHRMANN in London THE misery index of Europe and especially the eurozone, is surging. Latest official data of Eurostat shows that unemployment continues to grow, prices are rising and eurozone manufacturing activity sank711 words
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Article, Illustration824 2012-10-03 4 GRACE LEONG - By GRACE LEONG [SINGAPORE] Anna Wee Chiaw Sek, niece of United Overseas Bank (UOB) chairman Wee Cho Yaw, has lost her legal bid to wrest her share of $28.8 million in assets from the executrix of her divorced husband Ng Hock Seng’s824 words
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526 2012-10-03 4 NYT [SEATTLE] For Microsoft, it was bad enough when Apple’s stock market value surpassed its own in 2010. Now Google, a company that did not even exist 15 years ago, just did the same thing. On Monday, a slight bump in Google’s share priceNYT - 526 words
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Advertisement175 2012-10-03 2 THE CSISG METHODOLOGY AND CAPABILITIES PROGRAM In SMU SINGAPORE MANAGEMENT UNIVERSITY DISCOVER THE UNIQUE BENCHMARKING INSIGHTS OF THE NATIONAL STANDARD IN QUANTITATIVE CUSTOMER SATISFACTION MEASUREMENT This full-day program provides management executives with a comprehensive look into the Customer Satisfaction Index of Singapore (CSISG), Singapore’s nationally adopted customer satisfaction measure. Participants175 words
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Advertisement383 2012-10-03 3 b m E= 7 V BL i > 5SSSS >4 Wr* m A X i 7 Maybank World MasterCard For those who demand the world i Maybank 1 Srhnii lii J- i aaroJJ n Mas W WORLD Enjoy 197% petrol discount There are high performance fuels for your car. And383 words
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Advertisement194 2012-10-03 4 ‘Conditions apply. A TICKET TO THIS GRAND FINALE COULD TAKE YOU TO INDIA. Attend The Great India Quiz Show and win free* return tickets to India. VENUE: NUS UCC Hall DATE: SUNDAY, 7™ OCTOBER, 2012 Win return tickets to India Other exciting prizes* Watch Derek O'Brien live in action Derek194 words
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Advertisement357 2012-10-03 5 f i s White truffles: in season. H feiip I 'i f wmSm 1 First growths: on tap. 10X rewards: always on the menu m I W* s: ■bp- < ■P? H y mi •sk r a. mmmm Maybank Maybank World MasterCard For those who demand the world 188 AARON357 words
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Advertisement287 2012-10-03 6 ii International Green Building Conference 2012 Singapore Proudly Presented by V' SINGAPORE GREEN BUILDING COUNCIL By implementing sustainable practices, all businesses can become more cost effective to operate. Small business owners may think the cost and trouble of going green isn't worth the return, but the fact is each eco-friendly287 words
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Advertisement212 2012-10-03 6 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School NANYANG EXECUTIVE PROGRAMMES Nurturing a 'the in Eutureiof* 1 1 m \w S -Q Oordlife Services (S) Pte Ltd Berkeley-Nanyang Cohort VADVANCED MANAGEMENT Advanced Management Programme In International Tax Berkeley-Nanyang Advanced Management Programme lATA-Nanyang Advanced Management Programme in Air Transport BUSINESS MANAGEMENT Governance Enterprise212 words
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COMPANY NEWS
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Article, Illustration746 2012-10-03 6 CAI HAOXIANG - Panellists feel exec pay in Asia is fair and family-run firms set good examples By CAI HAOXIANG MORE regulation is not the answer for dealing with executive compensation issues, said two panellists at a discussion on corporate governance yesterday. Qian Hu CorporationFILE PHOTOS - 746 words
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Article, Illustration556 2012-10-03 6 NISHA RAMCHANDANI - Number of foreign patients up 15% over 3 years By NISHA RAMCHANDANI SINGAPORE is expected to see some 850,000 foreign patients bringing in US$3.5 billion worth of revenue from medical tourism this year, after foreign patient numbers grew at aPHOTO: BLOOMBERG - 556 words
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Article, Illustration457 2012-10-03 9 RONNIE LIM - Sanitary ware unit sold to chairman Sim Siang Choon to focus on oil gas By RONNIE LIM TWO years after its foray into oil gas exploration and production, Loyz Energy (former sanitary ware maker Sim Siang Choon) is making aBT FILE PHOTO - 457 words
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435 2012-10-03 9 LEE MEIXIAN - By LEE MEIXIAN FRASERS Property Australia this week started work on Australia’s first cantilevered high-rise garden located in Central Park, its residential project in the southern edge of Sydney’s CBD. The Australasian unit of Frasers Property in July last year entered435 words
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428 2012-10-03 9 JASMINE NG - By JASMINE NG OLAM International, the biggest shareholder of NZ Farming Systems Uruguay, is offering to purchase the remaining 14.07 per cent stake it does not own for NZ$25.8 million (S$26.4 million). Olam is paying NZ Farming shareholders 75 New Zealand cents per428 words
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Article362 2012-10-03 10 LYNN KAN - PCL exec director to lead new management team for DDW-PaxOcean By LYNN KAN DRYDOCKS World Southeast Asia (DDW SEA), part of the indebted Dubaibased Drydocks World, gets a new majority shareholder and management team in Kuok Group’s shipping arm Pacific Carriers Limited (PCL). PCL362 words
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936 2012-10-03 10 ROGER LOWENSTEIN - COMMENTARY By ROGER LOWENSTEIN Roger Lowenstein, an outside director of the Sequoia Fund, is writing a book about the origins of the Federal Reserve IMAGINE if the stock market were hijacked by computers that executed trades in a fraction of the time that936 words
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COMPANY BRIEFS
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Article38 2012-10-03 10 FOOD Empire Holdings has appointed executive director Sudeep Nair as chief executive. Executive chairman Tan Wang Cheow has also relinquished his concurrent position as managing director as part of the company’s succession plan.38 words
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50 2012-10-03 10 TRANSCU Group has decided to end all transactions related to a proposed restructuring, citing an inability to carry on as intended after a key joint-venture plan fell through. It will continue to try to raise capital and restructure principal subsidiaries TTI Ellebeau and Biomass Energy Corp.50 words
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Article50 2012-10-03 10 ARAB Banking Corp has filed a countersuit against Boustead Singapore, claiming US$18.8 million on issues surrounding certain bank guarantees and lending facilities, said Boustead. The latter, an engineering services group, had filed suit against Arab Banking Corp on claims related to the same guarantees in June 2011.50 words
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53 2012-10-03 10 ELECTRONICS retailer Challenger Technologies said that a fire that broke out at its flagship outlet in Funan Digitalife Mall yesterday was not expected to have any material impact on the company’s financial results. There were no injuries from the fire, and damage assessment53 words
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41 2012-10-03 10 MECHATRONICS manufacturer Miyoshi Precision said that its wholly owned subsidiary, Miyoshi Precision (Malaysia), has been ordered to pay Neworld Electronics HK$1.6 million (S$248,378) and NT$143,068 (S$6,006) after an arbitration over an alleged breach of a sale-and-purchase agreement.41 words
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43 2012-10-03 10 STX OSV has received a contract to design and build a cable laying vessel for 450 million kroner (S$97 million). The vessel, which is for an international client, is scheduled for delivery in Norway in Q3 2014.43 words
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Advertisement346 2012-10-03 7 Take off from a private terminal with our compliments. Visit exotic destinations your friends have never heard of. Travel around the world in true luxury. i PTi V mB, Y f i Maybank r«-v' Maybank World MasterCard (j_/:[| For those who demand the world i [3 1 D 55H1J AARON'346 words
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SINGAPORE MARKETS
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Article, Illustration573 2012-10-03 8 R SIVANITHY - Volume-wise, 19 of the top 20 active stocks are under $1, yielding market turnover of 61¢ apiece STOCKS R SIVANITHY Senior Correspondent THANKS mainly to the Jardine group, the Straits Times Index (STI) yesterday jumped 21.28 points to 3,079.14, in tandem with an overnight bounceSource: Bloomberg - 573 words
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Article66 2012-10-03 8 Oct 2 VALUE CLOSE BT OB/OS 114.00 +128.0 BT CADI -*****.00 +13.0 BT 10-day MA -*****.00 +12.00 FTSE ST Mid Cap 742.60 +4.00 FTSE ST Small Cap 499.90 -0.09 FTSE ST All Share 752.48 +4.74 FTSE ST China Top 203.05 +0.85 FTSE ST China 222.18 +2.21 FTSE66 words
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Article55 2012-10-03 8 VOLUME Ntegrator 110,066,000 Contel 98,789,000 AusGroup 84,678,000 Yoma 58,141,000 Interra 55,636,000 IPCO Intl 54,518,000 Thai Beverage 53,751,000 Aussino 42,691,000 GSH Corp 41,291,000 Golden Agri 38,299,000 VALUE($) SingTel 100,682,051 AusGroup 46,582,680 Keppel Corp 39,067,570 Yoma 31,317,750 OCBC Bk 31,232,290 DBS Grp 30,101,220 Noble Grp 27,511,175 Golden Agri 25,069,91055 words
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Article186 2012-10-03 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 2 0 0 0 8 5 2 Manufacturing 48 53 57 5 2 10 53 55 67 Commerce 24 19 19 2 3 5 26 22 24 Tpt/Stor/Comms 14 14 11186 words
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Article, Illustration911 2012-10-03 8 CAI HAOXIANG - Compiled by CAI HAOXIANG Singapore Property Maybank Kim Eng Research, Oct 2 WE MET up with clients in the UK while marketing the Singapore property sector, and found them positive on our top picks, which are CapitaMalls Asia (CMA) and Wing Tai Holdings. In addition, many shared ourSource: Bloomberg - 911 words
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Article123 2012-10-03 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,993 16,993 63,484 63,484 Manufacturing 425,712 59,062 484,774 187,166 2,450 189,616 Commerce 184,078 4,348 188,426 97,812 471 98,282 Tpt/Stor/Comms 96,296 14,192 110,488 169,619 4,525 174,144 Finance 40,648 1,685 42,333 93,345 776 94,121 Construction 122,498 5,190123 words
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Article111 2012-10-03 8 Stock name Close Change CapMallsAsia 1.655 +0.010 CapitaLand 3.180 +0.010 CapitaMall 2.040 +0.020 CityDev 11.700 +0.040 ComfortDelGro 1.700 +0.020 DBS Grp 14.330 F&N 8.900 GLP 2.520 +0.010 Genting SP 1.370 Golden Agri 0.655 -0.005 HK Land 6.200 +0.170 IHH Healthcare 1.280 -0.005 JMH 58.250 +2.050 JSH111 words
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Article, Illustration493 2012-10-03 8 CURRENCIES Bloomberg [NEW YORK] The Australian dollar yesterday slid to a three-week low against its US counterpart after the Reserve Bank of Australia (RBA) unexpectedly lowered its key interest rate to the least since 2009. The so-called Aussie dropped at least 0.3 perBloomberg; PHOTO: BLOOMBERG - 493 words
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Article106 2012-10-03 8 BY CENTS CLOSE UP Lyxor Indonesia10US$ *****011.4 9.6 JMH 5825 251.9 3.6 DBXT Nifty 10US$ ***** 216.3 1.6 JSH 3480 141.3 3.4 Jardine C&C 4910 99.0 2.1 GLD 10US$ ***** 93.4 0.4 DBXT FTChina25 10US$ 2653 39.3 1.2 DBXT MSTaiwan 10US$ 1821 25.8 1.2 Great Eastern 1543 21.0 1.4106 words
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Article125 2012-10-03 8 BY CENTS CLOSE DOWN DBXT SPASX200 10US$ 3538 -43.0 -1.0 DBXT FTVietnam 10US$ 1970 -29.5 -1.2 DBS Bk 4.7% NCPS 100 ***** -20.0 -0.2 STXPO 100 410 -11.0 -2.6 Hyflux 6% CPS 10 ***** -10.0 -0.1 Petra 235 -10.0 -4.1 Lyxor India Nifty 10 1354 -6.0 -0.4 Abterra 70125 words
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Advertisement23 2012-10-03 9 J I J m y y ■i i m i r i 7i CORPORATE INVESTMENT BANKING WEALTH MANAGEMENT ASSET MANAGEMENT SECURITIES SERVICES INSURANCE23 words
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Advertisement456 2012-10-03 10 Meet Jack Schwager, author of best selling series "Market Wizards", as he reveals the secrets of successful traders. NEW Market Wizards Conversations with America's Top Traders JACK D. SCHWAGER HEDGE FUND wlz RDS How Winning Traders Win JACK D. SCHWAGER Jack Schwager is a recognised industry expert in futures and456 words
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Advertisement811 2012-10-03 11 air care o<-ry KIT CHAN SINGER/ACTRESS NOVITA BRAND AMBASSADOR YEARS WARRANTY navita THE LIFESTYLE MAKERS TOLERATE THE HAZE NO MORE Secure Air Quality like never before Take charge and deter bad indoor air quality in the haze period! Powered by the Advanced Dual Technology System, novita AirCare Supreme™ Air Ionizer811 words
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SINGAPORE NEWS
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481 2012-10-03 12 TEH SHI NING - In a survey, such set-ups describe governance as adequate, contrary to KPMG experience By TEH SHI NING MOST Singapore family businesses here think they are adequately governed, contrary to the general view of KPMG. Close to half of the 41 family481 words
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Article, Illustration483 2012-10-03 12 TEO SI JIA - By TEO SI JIA IN THE property development business, where destruction usually comes before construction, City Developments (CDL) has made a conscious effort to conserve even as it builds. Underpinning its operations, as it goes about developing, investing in and managing real estate,483 words
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458 2012-10-03 12 JUSTINE MOSS - Any of top three can lift BT Corporate Golf League trophy By JUSTINE MOSS AFTER the fifth round of the Business Times Corporate Golf League, which was held last Thursday on Raffles Country Club’s (RCC) Lake course, it’s tighter at the458 words
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375 2012-10-03 12 MALMINDERJIT SINGH - Chance for them to discuss challenges ahead with thinkers and statesmen By MALMINDERJIT SINGH JUST over 50 young people from 27 Asian and Latin American countries with the potential to be leaders are gathered here this week for the chance to spar with375 words
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273 2012-10-03 12 JASMINE NG - By JASMINE NG SIM University (UniSIM) will be setting up a dedicated career office to source for work attachment opportunities for its students, said Deputy Prime Minister Tharman Shanmugaratnam yesterday. Speaking at a convocation ceremony at UniSIM, the former education minister273 words
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301 2012-10-03 12 NISHA RAMCHANDANI - Perks include 19.7% discount at Shell petrol stations in Singapore By NISHA RAMCHANDANI MAYBANK has rolled out a new credit card, the Maybank World MasterCard, to gain a bigger market share of affluent consumers. Citing data from the Inland Revenue Authority of Singapore301 words
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Advertisement17 2012-10-03 12 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements WATS NOTICES17 words
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MALAYSIA/INDONESIA
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Article, Illustration419 2012-10-03 13 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur A FORMER daughter-in-law of Taib Mahmud, the incumbent chief minister (CM) of Malaysia’s eastern state of Sarawak, claimed in divorce proceedings yesterday that her ex-husband was worth more than RM1 billion (S$397 million). Shahnaz AbdulFILE PHOTO: THE MALAY MAIL - 419 words
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411 2012-10-03 13 Moves are part of plan to speed up debt repayment Bloomberg [JAKARTA] PT Bumi Resources may sell a subsidiary and conduct a rights offer as part of a plan to accelerate debt repayment, company executives said. Indonesia’s biggest exporter of thermal coalBloomberg - 411 words
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564 2012-10-03 13 PAULINE NG - M’sian budget incentives give oil gas sector a boost Tax holiday for LNG trading companies among moves to draw investors By PAULINE NG in Kuala Lumpur ADDITIONAL tax and non-tax incentives announced by the Malaysian government, including generous tax holidays, will boost new investments in the oil and gas sector564 words
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Advertisement109 2012-10-03 13 David Adjaye, architect The funny thing about architecture is that the drawings are done by computer and are really precise, but the actual buildings are still made by hand. Because of that, they're always a little wonky. Architects are always striving for perfection we're obsessed with it and that's what109 words
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GREATER CHINA/INDIA
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Article, Illustration664 2012-10-03 14 MARK O'NEILL - Market is too large and important for companies to leave, say observers By MARK O'NEILL Insight WEEKS of anti-Japanese protests in China will slow but not stop the enormous investment in the country by Japanese companies. The market is too largeInsight; PHOTO: AP - 664 words
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488 2012-10-03 14 Main sources are illicit money and tax evaders, it suggests NYT [NEW YORK] The more things change, the more they remain the same. As a recent audit by election watchdog Association for Democratic Reforms shows, financing of political parties in India continues toNYT - 488 words
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Advertisement2664 2012-10-03 14 was notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices KOON HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3284M) (ARBN 105 734 709) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 22 October 2012 at2,664 words
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Advertisement994 2012-10-03 15 ESAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CONTEL CORPORATION LIMITED (Company Registration No.: *****) (Incorporated in the Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Contel Corporation Limited (“Company”) will be held at 3 Lorong 6 Toa Payoh Singapore *****8 on994 words
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Advertisement310 2012-10-03 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 CERAMTECHNO PTE LTD (Co. Reg. No.*****0461C) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the company duly convened and held on 28th September 2012 at 1 1.30 a.m. at BLK 196A Punggol Field #***** Singapore *****6, the following Special310 words
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Advertisement4049 2012-10-03 15 Karin Technology Holdings Limited (Incorporated in Bermuda on 30 August 2002) (Company Registration Number *****) NOTICE OF ANNUAL GENERAL MEETING (b) unless varied or revoked by the Company in general meeting, the authority conferred on the Directors pursuant to the Share Buyback Mandate may be exercised by the Directors at4,049 words
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ECONOMY WATCH
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Article, Illustration970 2012-10-03 16 The Fed expects to keep rates low well after the economy strengthens, he adds AP [WASHINGTON] Chairman Ben Bernanke offered a wide-ranging defence on Monday of the Federal Reserve’s aggressive policies to stimulate the still-weak economy. The Fed needs to drive down long-termAP; PHOTO: AP - 970 words
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303 2012-10-03 16 AFP [SYDNEY] Australia’s central bank yesterday cut the official interest rate to 3.25 per cent, its lowest level since the global financial crisis, saying the growth outlook for next year had weakened. The Reserve Bank of Australia slashed 25 basis points off theAFP - 303 words
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Article, Illustration577 2012-10-03 16 Govt spending cuts would hurl US into recession: think tank Reuters [WASHINGTON] If Congress does nothing and the United States plunges off the “fiscal cliff” in three months, taxes would rise for 90 per cent of Americans due to automaticReuters; PHOTO: AFP - 577 words
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Advertisement986 2012-10-03 16 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR CUMULATIVE DISTRIBUTION a-HrusI-ascendas India trust ASCENDAS INDIA TRUST (Registration Number: *****04) (a business trust registered under the Business Trusts Act, Chapter 31A of Singapore) To: Unitholders of Ascendas India Trust Dear Sir Madam 1.986 words
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WORLD
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Article, Illustration603 2012-10-03 17 European Commission to study impact of recommendations Bloomberg [BRUSSELS] European Union banks will be forced to push much of their trading activities into separately capitalised units and face extra bonus rules under plans proposed by an EU-mandated working group. The group, ledBloomberg; PHOTO: AFP - 603 words
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293 2012-10-03 17 year Bloomberg [HANOI] Vietnam is proposing to allow foreigners to take full ownership of some joint-stock companies and set up wholly owned securities firms in an effort to bolster the stock market. Overseas companies can acquire up to 100 per cent of the registeredyear Bloomberg - 293 words
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424 2012-10-03 17 Reuters [ATHENS] Greece held a new round of talks with foreign lenders to bridge differences over two billion euros (S$3.2 billion) of disputed austerity cuts yesterday, with time running short to clinch a deal before a key meeting of eurozone ministersReuters - 424 words
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Article, Illustration241 2012-10-03 18 Reuters [LONDON] Britain’s financial regulator has proposed far-reaching reforms of its listing rules to close loopholes allowing reverse takeovers and reinforce corporate governance standards. The Financial Services Authority yesterday said it plans to tighten up the rules that allow exemptions for takeovers where aReuters; PHOTO: BLOOMBERG - 241 words
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494 2012-10-03 18 18 households with income above US$10m were paid US$12,333 in 2009 Bloomberg [NEW YORK] Almost 2,400 people who received unemployment insurance in 2009 lived in households with annual incomes of US$1 million or more, according to the Congressional Research Service. The report wasBloomberg - 494 words
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260 2012-10-03 18 Reuters [LONDON] Roche, the world’s biggest maker of cancer drugs, got a boost on Monday as results of trials that will protect sales of its breast cancer drug Herceptin coincided with data showing a new drug in the franchise helped patients live longer.Reuters - 260 words
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Article, Illustration968 2012-10-03 20 Televised debates are last best hope for Romney to save a sagging campaign AFP [LAS VEGAS] Democrat President Barack Obama and his Republican foe Mitt Romney will clash tonight (Thursday, 10am, Singapore time) in the first of a trio of live televised debatesAFP; PHOTO: AP - 968 words
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479 2012-10-03 20 Report looks at how employment impacts society’s well-being Reuters [WASHINGTON] Creating jobs can help governments improve the lot of their citizens, but some jobs have more impact than others when it comes to helping societies move ahead, the World Bank saidReuters - 479 words
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480 2012-10-03 20 Reuters [WASHINGTON] World Trade Organization direc-tor-general Pascal Lamy on Monday acknowledged the grouping has been a “disappointing” forum for trade liberalisation but placed the blame for moribund world trade talks on both China and the United States. Mr Lamy, inReuters - 480 words
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Article, Illustration352 2012-10-03 20 Reuters [LONDON] Paul Volcker, the former US Federal Reserve chairman, will appear before Britain’s Commission of Banking Standards this month, Andrew Tyrie, chairman of the commission, wrote in the Financial Times yesterday. Mr Volcker, architect of the “Volcker Rule” governing so-calledReuters - 352 words
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302 2012-10-03 20 Reuters [DUBAI] Iran’s rial plunged against the US dollar in open-market trade on Monday, taking its loss in value over the past week to more than a quarter in further evidence that Western sanctions are shattering the economy. The freefall suggests sanctions imposedReuters - 302 words
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Article, Illustration1015 2012-10-03 21 Chicago Fed urges more risk controls including ‘kill switch’ to assure investors Reuters [NEW YORK] More than two years ago, the Federal Reserve Bank of Chicago was pushing the US Securities and Exchange Commission (SEC) to get serious about the dangers ofReuters; PHOTO: AFP - 1,015 words
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Advertisement376 2012-10-03 17 m Cold fr JT> d 0 (0 people $59 00 $59 95 7[5,°° $7®' CHATEAU DU MARCHESI TERTRE DlBAROLO France 2007 75cl U.P. $72.80 Barolo Italy J 75cl U.p. $80.00 ■i WATTEAU WJTEKTRB MARGAUX m 80 r 1 e RESERVE DE LA COM i iASF AUILLA V Preferred Partner AMERICAN376 words
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Advertisement2157 2012-10-03 18 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices KTL GLOBAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4519M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of KTL Global Limited (the “Company”) will be held at 71 Tuas Bay Drive,2,157 words
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Advertisement393 2012-10-03 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 TOUCHPAPER ASIA PACIFIC PTE. LIMITED [CO. REG. NO. *****3777K] (IN MEMBERS’ VOLUNTARY LIQUIDATION) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held at 698 West ***** South, South Jordan, UT *****, U.S.A. on Friday, 28393 words
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Advertisement336 2012-10-03 19 *4 V o h Make up by Make Up Store HaiLby Action Hair Salon <7 COSY UP TO HE BEST,OF FALL EFINING LUXURY, I INSIDE/XnD OUT/' The lure of glamour and luxury has never come as close as it does this Fall. Once again, Paragon redefines fashion to let you336 words
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Advertisement179 2012-10-03 20 Indulge, it’s on us We’re 36 and want to celebrate with you! Present this copy of The Business Times at Hilton Singapore’s Checkers Deli for a complimentary slice of this celebrated cheesecake. The first 360 readers to do so today and each work day this week will be treated to179 words
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Advertisement202 2012-10-03 21 Even business leaders need a career boost. i Advance your career at NUS Business School, with programmes designed to help sharpen your business skills, and stay relevant in today's highly competitive marketplace. Renowned for its rigorous, relevant and rewarding business education, NUS Business School is consistently ranked among the world's202 words
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Advertisement80 2012-10-03 22 The Business Times is now on iPhone! Download the app for free from iTunes. Enjoy free breaking news and subscribe* for the full daily Business Times. ‘Get free access to premium content for up to 1 month when you subscribe on iTunes now. For a limited period only. •ml 4q80 words
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SVCA AWARDS 2012
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Article, Illustration1252 2012-10-03 23 VINCENT WEE - SVCA chairman Eugene Wong tellsVINCENT WEEhow the association’s awards have helped to highlight the successes in the local VC/PE industry and also attracted further attention and funds to the sector VINCENT WEE SINGAPORE is poised to be a hub for private equity (PE) in thePHOTO: ARTHUR LEE - 1,252 words
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Article, Illustration1138 2012-10-03 26 VINCENT WEE - SVCA, through its annual awards, continues to recognise the value that VC and PE firms bring to companies.VINCENT WEEreports VINCENT WEE THE Singapore Venture Capital and Private Equity Association (SVCA) has come a long way since its formation in 1992. The association marked itsPHOTO: SVCA - 1,138 words
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Article, Illustration331 2012-10-03 26 SVCA’s latest inductee into its Hall of Fame is venture capital (VC) pioneer Tan Lip Bu. He joins five other industry leaders who have been conferred this top honour since the award was inaugurated in 2010. The SVCA Hall of Fame aims to showcase individuals whoPHOTO: SVCA - 331 words
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Article, Illustration884 2012-10-03 26 PRICEWATERHOUSECOOPERS (PwC) LLP Singapore executive chairman Gautam Banerjee was among a distinguished panel of judges for this year’s SVCA Awards. He shares some of his thoughts on the awards as well as the industry here. Commenting on the judging criteria and884 words
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Page 23 Advertisements
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Advertisement429 2012-10-03 23 years Singapore Venture Capital Private Equity Association T(HfTLi The Singapore Venture Capital Private Equity Association (SVCA) is a not-for-profit organisation formed in 1992, under the patronage of the Economic Development Board to promote the developmen t of the ven ture capital (VC) and private equity (PE) industry. From a humble429 words
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Page 24 / 25 Advertisements
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Advertisement272 2012-10-03 24 / 25 T Singapore Venture Capital Private Equity Association ersaj't SVGA Annual Awards 2012 Most Innovative Non-Profit/ Social Enterprise (In partnership with the Asian Venture Philanthropy Network) Joint Winners Hospital OS Opensource Technology Co., Ltd. (Investee) Ashoka: Innovators for the Public (Donor) Humanitarian Organization for Migration Economics (Investee) Macquarie Group Foundation (Donor)272 words
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Advertisement197 2012-10-03 24 / 25 Empower your business W x 'W A L n 'i- J i i pwc Dream big You need to pursue new ideas. You are looking for cutting edge innovation. You need to respond to change with agility. Across Asia and globally, we have a common purpose: to empower you to197 words
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TransportHUB
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829 2012-10-03 27 DAVID HUGHES - STRAIT TALK By DAVID HUGHES SHIPPING accountant and consultant Moore Stephens has just published this year’s version of its ship operating cost benchmarking tool, OpCost 2012. Total annual operating costs in the shipping industry rose an average of 2.1 per cent in 2011,829 words
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Article, Illustration381 2012-10-03 27 Bloomberg [LIMA] DP World Ltd, the world’s third-largest port operator, said it’s ready to look at acquisitions in Latin America to meet demand from customers and has enough cash for investments without needing to sell assets. “If the customer says ‘weBloomberg - 381 words
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Article250 2012-10-03 27 SGX '000 Oct 2 S$ +/-Vol CH Offshore 0.52 unch 2381 Chuan Hup Hldg 0.26 0.01 180 Cosco Corp 0.97 unch 2149 S$ First Ship Lea 0.12 unch 129 Freight Links 0.07 unch 2708 Grand Banks 0.42 0.06 451 Jaya Hold Ltd 0.58 0.01 85 K1Ventures 0.13 unch250 words
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362 2012-10-03 27 Bloomberg [LONDON] Returns for the largest ships hauling iron ore, at a four-month high, rose after Morgan Stanley said Asian demand for the commodity made last week the busiest of the year for the vessels. Daily earnings for Capesizes climbed 4.8Bloomberg - 362 words
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364 2012-10-03 27 Bloomberg [LONDON] Owners of tankers holding one million barrels of oil are increasing their share of exports from the Middle East, the Caribbean and Mexico as fleet growth spurs competition with other ships, according to Poten Partners Inc. Suezmax tankers haveBloomberg - 364 words
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TRANSPORT HUB: AVIATION
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Article, Illustration589 2012-10-03 28 Seats wrenched loose inside a plane, passengers stranded in another incident AFP [NEW YORK] Two widely publicised “flights from hell” have sapped American Airlines’ already bad reputation as it struggles with bankruptcy and battles its pilots union in contract talks. On Monday,AFP; PHOTO: BLOOMBERG - 589 words
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295 2012-10-03 28 Reuters [SAO PAULO] Gol Linhas Aéreas, Latin America’s largest low-fare airline, plans to order 60 narrow-body jets with improved fuel efficiency from Boeing after soaring jet fuel prices triggered a year of heavy losses. Gol said the order of 737 MAX airlinersReuters - 295 words
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573 2012-10-03 28 Talks to resume for pacts covering 23,000 workers Reuters [CHARLESTON, South Carolina] In a widely expected show of force Boeing’s engineers and technical workers rejected a pay offer late Monday, setting the stage for talks to resume yesterday for labour agreements covering 23,000 workers.Reuters - 573 words
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376 2012-10-03 28 Bloomberg AP Reuters [NEW DELHI] Kingfisher Airlines Ltd, the Indian carrier that’s halted flights, will have to pay outstanding wages before it can win permission to resume services, according to an official at the nation’s civil aviation ministry. The airline’s management wasBloomberg; AP; Reuters - 376 words
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TRANSPORT HUB: LAND
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Article, Illustration447 2012-10-03 29 SAMUEL EE - Aim is to expand assembly operations and reduce impact of strong yen By SAMUEL EE MAZDA Motor Corp is the latest foreign carmaker to set up a subsidiary in Malaysia to expand vehicle assembly operations and to tamp down the impactPHOTO: FILE - 447 words
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Article, Illustration744 2012-10-03 29 Vice-chairman clashes with CEO on strategy and key appointment Reuters [BEIJING] A boardroom-lev-el conflict at Sweden-based luxury car firm Volvo Car Corp is infecting some day-to-day decisions and threatens to hamper its Chinese owner’s efforts to turn the business around, sources close to theReuters; PHOTO: REUTERS - 744 words
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494 2012-10-03 29 NYT [PARIS] Many auto executives were not that enthusiastic about battery-pow-ered cars at their outset, and now that sales of electric vehicles made by Tesla and Renault have been disappointing, some carmakers are playing down the technology. Martin Winterkorn, the chief executive ofNYT - 494 words
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Article155 2012-10-03 29 AP [DETROIT] Honda is recalling 600,000 Accord midsize cars in the US and Canada to fix a faulty power steering hose that can leak fluid and cause a fire. The recall affects Accords with V-6 engines from the 2003 through 2007 model years. Honda has aAP - 155 words
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Page 27 Advertisements
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Advertisement45 2012-10-03 27 Aro+ktr fh wise. m yfiiW.r x •> 3 SaiPttiil ,v' a\».' ,rt klSS92 All the great songs FM in one place Your privAit IsIau) tscApt AWAifs you Tune in to Kiss 92 now to win kiss92.sg Ufacebook.com/kiss92fm @kiss92fm Partner: Hanging out. More fun in the Philippines45 words
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Advertisement59 2012-10-03 28 CRAB YOUR OCTOBER ISSUE NOW! Free! 36-Page Guide To Si yle STRONGER! Pi illWITH 3 MOVES i IN 8 WEEKS t THE fv WORKOUT y THAT FIGHTS V KILLER DISEASES PM HOTWIRE HER BODY SHE'LLBE PURRING FDR MORE K1H-APPROVED EXTRA! 36-PAGE GUIDE TO STYLE! M Ith ii i:f* > WATCH59 words
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Advertisement17 2012-10-03 28 www.omy.sg O WML iV j w IU'.HrSlE 0 More at blog.omy.sg/vox Download FREE QR Code Reader,e.g. BeeTagg17 words
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Page 28 Miscellaneous
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Miscellaneous373 2012-10-03 28 CRYPTIC CROSSWORD Across 1 Bridge? It could be pontoon (4,4) 5 Top spot for the traditional writer? (6) 9 Killed, as one may be in a dodgem car! (6,3) 11 A lot will go after it’s gone down (5) 12 New recruits in army only half eager (6) 13 Barrier373 words
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Page 29 Advertisements
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Advertisement145 2012-10-03 29 the mbzdb a now w/th the premium SERVICE PACKAGE WORTH $5,333*. Enjoy these for the first 3 years: Complimentary day use of a Mazda courtesy car during the 8 scheduled servicing sessions Two free pre-out-of-country inspections per year Free grooming, with battery, brake pads and wiper blades replacement •/> m145 words
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EDITORIAL & OPINION
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483 2012-10-03 30 EDITORIAL IN a surprise move, the International Air Transport Association (Iata) has upgraded its aviation industry outlook for 2012. Barely four months after forecasting that global airlines would collectively make US$3 billion at its annual summit in Beijing, director-general Tony Tyler announced that it had483 words
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Article, Illustration772 2012-10-03 30 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 JAPAN and China took their dispute over a group of uninhabited islands in the East China Sea to the international community last772 words
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Article, Illustration1063 2012-10-03 30 PRATAP NAMBIAR - CEOs need to understand that great strategy doesn’t lead to great performance By PRATAP NAMBIAR The writer is chairman of Thought Perfect Pte Ltd, a Singapore-based firm that provides business performance coaching for CEOs LAST week, I learnt two very interesting things. The firstPHOTO: AP - 1,063 words
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Article, Illustration1153 2012-10-03 31 ASHWIN MALSHE - Studying their performance and challenges should help S’pore fine-tune its strategies By ASHWIN MALSHE The writer is a marketing professor at ESSEC Business School and based at its Singapore campus ESSEC Asia-Pacific. ESSEC, Ecole Supérieure des Sciences Economiques et Commerciales, is one of the foremost business schoolsPHOTO: BLOOMBERG - 1,153 words
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Article, Illustration694 2012-10-03 31 LEON HADAR - LEON HADAR Washington Correspondent STUDENTS of American foreign policy tend to subscribe to the notion that the election of new presidents don’t usually bring about a dramatic change in Washington’s relationship with the rest of the world. From that perspective, US foreign policy can be694 words
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344 2012-10-03 31 LETTERS TO THE EDITOR WE refer to the article “GB shareholder questions placement” (BT, Sept 28, 2012). Referring to a placement of 19.2 million new shares announced by the company on Sept 17, 2012, and completed on Sept 25, 2012, Peter Cheng has344 words
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Article302 2012-10-03 31 FRASER Neave’s (F&N) extraordinary general meeting may be over, but the debate over the results of the voting for the proposal to reduce the issued capital by a third against payment of $8.50 for each share cancelled has not ended. F&N’s board has said the result302 words
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281 2012-10-03 31 I READ with interest the report “S’pore shipping heart transplanted to Tuas” (BT, Oct 2). As reported, the justification of the move of the port terminal to Tuas include economies of scale associated with the consolidation of the existing container terminals in281 words
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3501 2012-10-03 32 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 Destination3,501 words
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Page 32 Advertisements
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Advertisement28 2012-10-03 32 Corrs: Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE. CALL JOE WONG AT 9620 1327 The Business Times Shipping Times28 words
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Advertisement18 2012-10-03 32 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Page 33 Advertisements
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Advertisement32 2012-10-03 33 TO ADVERTISE IN .The Business Times I I IL. LIUJIIYL-JJ IIIVIUJ Shipping times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times?32 words
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SINGAPORE STOCKS
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Article3027 2012-10-03 34 Transaction date: Oct 2 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 145 92.5 AIMSAMPIReit 145 +2 1093 145 142.5 144 1453,027 words
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Article187 2012-10-03 35 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale ('000) High Low Buyer Seller C’vr187 words
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Article8237 2012-10-03 35 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI A!** AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mat Asia Limited Asian Local Ccy SD Bond 0.9797/ Asian Smaller Cos'"8,237 words
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Article193 2012-10-03 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 25.5 Genting HK US$ US32 unch 3712 32.5 31.5 32 32.5 2107 Sale 228 169 TanChongInt HK212 -2 45 216 212 212 218 4.3 3.3193 words
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Article936 2012-10-03 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 127.1 120.4 CIMB APAC Div 100S$D 127 126.5 126.9 103.1 95.8 CIMB APAC Div 100US$ US103 102.5 103.4 10.8 1322 1246 CIMBASEAN40 100S$D 1306 1309936 words
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FINANCE & COMMODITIES
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Article628 2012-10-03 36 Oct 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8826.36 8843.33 8774.75 Dec12 8810.00 8870.00 8770.00 8785.00 ***** *****2 Mar13 8775.00 150 1054 MSCI TAIWAN INDEX FUTURES SPOT 273.96 275.18 273.36 Oct12 274.00 277.20 273.80 275.70 ***** *****8 Nov12 275.60 276.50 274.00 275.80628 words
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373 2012-10-03 36 In local curr In S$ In US$ dy yr dy yr dy yr Oct 1 Index Change Change Change Change Change Change World Preliminary 922.8 0.8 11.2 1.0 5.9 0.9 11.9 EAFE Preliminary 729.6 0.9 7.0 1.0 2.2 0.9 7.9 Europe Preliminary 1112.3 1.6 8.4373 words
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Article, Illustration93 2012-10-03 36 As on 1 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2012 1793.50 1770.10 1783.60 59 INDIA GOLD (E-GOLD) FUT DEC2012 598.80 590.50 595.05 473 CURRENCY EUR-USD FUT DEC2012 1.2946 1.2829 1.2900 150 BASE METAL COPPER FUT DEC2012 8366 821493 words
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Article107 2012-10-03 36 Oct 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1560.25 1601.00 1600.00 1558.00 Jan 13 1563.00 1602.75 1600.75 1560.00 Mar 13 1529.50 1564.25 1562.50 1525.75 May 13 1488.50 1521.50 1522.00 1486.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 50.72107 words
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Article70 2012-10-03 36 CRUDE OIL PRODUCTS Oct 01 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.26 0.48 WTI (Near Mth) 92.37 0.32 Dubai (1-Mth F) 108.5 -1.67 Tapis blend 115.71 -1.35 Minas 110.86 -1.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.89 -0.61 Jet Kerosene 130.12 -1.17 US$/barrel OpecOil Basket70 words
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Article24 2012-10-03 36 Oct 2 S$ Bid Offer 1-month 1.2289 1.2291 2-months 1.2289 1.2291 3-months 1.2289 1.2291 6-months 1.2284 1.2287 Source: OCBC Source: OCBC24 words
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Article64 2012-10-03 36 Oct 1 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2097.50 2084.75 3 months 2126.00 2112.00 Copper, Grade A(US$/tonne) Cash 8300.75 8211.50 3 months 8299.50 8205.00 Lead(US$/tonne) Cash 2282.50 2274.25 3 months 2292.00 2280.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.0064 words
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Article80 2012-10-03 36 Oct 1 COCOA (£/tonne) Close Prev High/Low Dec 12 1580 1631 1626/1578 Mar 13 1577 1625 1620/1574 May 13 1583 1632 1625/1580 Jul 13 1589 1638 1633/1586 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2179 2182 2188/2157 Jan 13 2188 2195 2195/2164 Mar 13 2199 2208 2206/2178 May 13 221080 words
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983 2012-10-03 36 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 488 6.38 19 Conv Ratio Baker Technology Ltd W*****6 1.1 unch 2752 1 32 -3 30.91 1 Price Best World Intl Ltd W*****5 0.3 1983 words
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Article470 2012-10-03 36 Oct 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.012 6.476 0.799 7.991 53.913 98.778 0.804 11.470 3.146 1.242 97.840 42.891 1.267 8.610 0.967 30.193 31.689 0.638 1.031 Canada 0.988 6.398470 words
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Article64 2012-10-03 36 Oct 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP64 words
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Article135 2012-10-03 36 Oct 2 GOLD(US$/oz) Sep 27 Sep 28 Hong Kong 1764.00 1788.00 Oct 01 Sep 28 London 1776.80 1773.84 1777.80 1775.06 Source: Thomson Reuters CAST BAR Oct 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 157 70 5gm 447 351 10gm 799 701135 words
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Article90 2012-10-03 36 Oct 2 Oct 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 03-Jan-13 0.29 6-Month BS*****W 04-Apr-13 0.31 1-Year BY*****T 02-May-13 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.12 5-Year N*****0Z 2.37590 words
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Article60 2012-10-03 36 Oct 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2250.0 2300.0 2250.0 2140.0 224 2864 Nov 12 2341.0 2392.0 2345.0 2175.0 2012 ***** Dec 12 2430.0 2464.0 2430.0 2250.0 ***** ***** Jan 13 2492.0 2528.060 words
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Article154 2012-10-03 36 Oct 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2663 1.2668 1.0304 1.0307 Canadian dollar 1.2507 1.2516 1.0183 1.0177 Euro 1.5847 1.5852 1.2895 1.2897 NZ dollar 1.0195 1.0202 0.8296 0.8300 Sterling pound 1.9837 1.9845 1.6142 1.6146154 words
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Article121 2012-10-03 36 As at 9am Oct 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.304 1.242 Can dollar 1.281 1.22 Euro 1.622 1.545 Sterling pound 2.02 1.943 NZ dollar 1.047 0.998 US dollar 1.246 1.199 Local dollars to 100 units of foreign121 words
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Article154 2012-10-03 36 Oct 2 $S Offer Bid 0vernight 0.05 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.23 0.13 1 month 0.35 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.80 0.60 9 months 0.95 0.75 12154 words
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KOREAN NATIONAL DAY
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Article, Illustration1021 2012-10-03 37 VINCENT WEE - A two-month festival to celebrate Korea’s national day here is Mr Oh’s way of boosting ties with Singapore All reports by VINCENT WEE KOREA’S ambassador to Singapore, Oh Joon, welcomes the warm and friendly relations between the two countries. Since coming to thePHOTO: YEN MENG JIIN - 1,021 words
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Article, Illustration848 2012-10-03 42 Singapore and Korea enjoy excellent bilateral relations and conduct regular high-level exchanges THE good relations between Singapore and Korea have been developed through regular high-level exchanges as well as common strategic, trade and economic goals. In recent years, tourism between the two countries has alsoFILE PHOTO: ZAOBAO - 848 words
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Article, Illustration1507 2012-10-03 42 THE Koreans certainly know how to throw a party and the Korea Festival, now in its fifth edition is a good example of that. Beginning with a national day reception and festival launch today, the two-month-long Korea Festival 2012 is designedFILE PHOTO - 1,507 words
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Article, Illustration724 2012-10-03 43 Korea has played host to a series of prestigious international events during the 2010-2012 period THE budding MICE (meetings, incentives, conferences and exhibition) industry in Korea is receiving a big push as it tries to keep pace with the general tourist industry boom in thePHOTO: AP; PHOTO: KTO - 724 words
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Article, Illustration535 2012-10-03 43 THE good connections between Singapore and Korea have led to a jump in tourism between the two countries. Numerous airlines connect the two destinations and the rise of cheaper options has boosted traffic further. For example, Korean airline Asiana Airlines has reasonablyPHOTO: BLOOMBERG; PHOTO: KTO - 535 words
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Article, Illustration987 2012-10-03 44 The increasing popularity of cosmetic surgery in the country has prompted many to make the journey there in search of aesthetic perfection THE connection between Korean pop stars and the country’s medical tourism industry may not be an obvious one but, in recent years, itPHOTO: KTO - 987 words
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Article, Illustration1024 2012-10-03 44 KOREA’S tourism industry has traditionally been centred on the capital city of Seoul, which has the best international connections and the most well-established tourism infrastructure and MICE facilities. However, the so-called second-tier cities such as Incheon, Daegu and Songdo are becomingPHOTO: KTO - 1,024 words
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Page 37 Advertisements
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Advertisement109 2012-10-03 37 1- t *»K We share the joy of South Korea on her 67th Independence Day and extend our best wishes to the nation for a dynamic future. Komoco Motors is proud to put South Korea on the regional business map. Today, one in every five cars on the road in109 words
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Advertisement1327 2012-10-03 38 ADVERTISING FEATURE i i U 1 T J /•i 11 wc i v Songdo Convensia Convention Center, Incheon a landmark Korean structure that features a main exhibition hall that has one of the largest column-free spans in Asia THE FUTURE OF SOLAR TECHNOLOGY .4 Bb The opening ceremony of the1,327 words
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Advertisement1013 2012-10-03 39 ADVERTISING FEATURE Korea Sensational In Every Sense Of The Word The Land of the Morning Calm offers a treasure trove of kaleidoscopic experiences that are out of this world. From delightful contrasts to fascinating discoveries, from its rich 5000-year history to its future-forward culture, from its international appeal to its1,013 words
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Advertisement590 2012-10-03 40 ADVERTISING FEATURE I I The Magic Touch Connecting To The Future Explore the cutting-edge wonderland that is also known as a mobile haven. Besides acquiring the coolest gadgets, zip down to T.UM, the technology museum, where you will enter the futuristic world of super cars and avatars. Other thrilling stops590 words
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Advertisement4 2012-10-03 41 Singapore Seoul Singapore Schedule4 words
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Advertisement171 2012-10-03 43 V OdYwsa mm w L. T,1 Now you can savour the best of Korea! u 1 I I r The Korean word “Damotory” translates into a shop that sells Korean wine in a big cup or the act of drinking Korean wine in a big cup. Just as its very171 words
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executive Money
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Article, Illustration2347 2012-10-03 45 In 2010, the top 1% of families captured 93% of the US’s income growth. And in this recovery, it’s better to own stock than a house Bloomberg [SEATTLE] INCE 2009, Anita Reyes’ wages have been as frozen as Lake Minnetonka in January. While theBloomberg; PHOTOS: BLOOMBERG - 2,347 words
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Article, Illustration703 2012-10-03 46 GENEVIEVE CUA - It offers combination of solutions from investment banking, wealth management and asset management By GENEVIEVE CUA PRIVATE banking for the ultra high net worth is a challenging and competitive arena, but Credit Suisse believes it has hit upon the right703 words
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720 2012-10-03 46 Reuters [JOHANNESBURG] African agriculture has a big investment problem: lots of private equity interest but few opportunities because most farms and companies are too small to absorb the cash or provide attractive returns. With only a third of its 630Reuters - 720 words
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Article, Illustration892 2012-10-03 47 PE firms are seeking deals worth as much as US$10b in a bid to spend the money they have raised NYT [NEW YORK] THE private equity world is sitting on that 10-figure sum. It’s what the industry calls dry powder. If they don’t spend theirNYT; PHOTO: STOCK.XCHNG - 892 words
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788 2012-10-03 47 Reuters [NEW YORK] When it comes to US deficit reduction, many investors would rather Congress “kick the can down the road” again than let 2013 start with a blast of fiscal austerity not seen since the Vietnam War. While hardly optimal, aReuters - 788 words
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Page 45 Advertisements
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Advertisement195 2012-10-03 45 In this seminar, you will learn the methods and steps to construct your own profitable yet sound “DIY” portfolio. You will learn how to get trading ideas using the market scanners, analyse the stocks in the result list using the different financial ratios and from there, create your own investment195 words
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Advertisement14 2012-10-03 45 I 3 SINGAPORE'S Horresr hits HEAR THewAvreo's HOTTEST HITS ON HOT FM 91.3 m14 words
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Advertisement62 2012-10-03 46 WITH MORE THAN 84.000 PROPERTIES. QUICKER DOWNLOADS AND ADVANCED SEARCH TOOLS. YOUR IDEAL HOME ISN'T HARD TO FIND. L .Jbi 1 il FOR SALE d vi Ml A product of SPH, Singapore's trusted media group. At stproperty.sg your ideal home isn’t hard to find. The STProperty App for iPhone and62 words
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Advertisement87 2012-10-03 47 TV i Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow87 words
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Advertisement1746 2012-10-03 48 A SPECIAL FEATURE BROUGHT TO YOU BY CITI TRANSACTION SERVICES A Shared Service Centers: Transforming Treasury and Finance Functions s businesses deal with the challenges of globalization, economic uncertainty and a volatile business environment, many are searching for ways to reduce costs and complexity in their businesses. In order to1,746 words
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