The Business Times, 11 July 2011

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, July 11,2011
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  • 592 1  -  By in London NEIL BEHRMANN in London FABERGE, the iconic jeweller, in which Temasek has an interest, has unveiled its first jewelled eggs since the 1917 Russian Revolution. Les Fameux de Faberge is a collection of 12 couture egg pendants with prices up
    ANNA BEHRMANN  -  592 words
  • 983 1  -  Fierce competition is driving smaller players to their knees By JOYCE HOOI [SINGAPORE] The go-go business of group coupon websites has ironically become a no-man’s land for start-ups. Even as Groupon gears up for an initial public offering in the United States, cyberspace is littered
    Source: All Deals Leak  -  983 words
  • 158 1 MARKETS Weekly Change ST INDEX 3,139.01 +72.16 KL COMP 1,582.94 +18.28 NIKKEI 225 9,868.07 +189.36 HANG SENG 22,398.10 +226.15 SET INDEX 1,041.48 +18.54 JAKARTA COMP 3,927.10 +78.54 MANILA COMP 4,351.63 +60.19 SEOUL COMP 2,125.74 +34.93 SHENZHEN B 725.34 +8.67 MUMBAI IND 18,762.80 +522.12 DOW 12,582.77 +648.19 NASDAQ 2,816.03
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  • Page 1 Advertisements
    • 35 1 CORPORATE FOCUS Confusion remains over China guidelines on auditors PAGE 5 FUTURECHINA GLOBAL FORUM A special BT feature on business opportunities in China and how to ride the changes in the country I PAGES 16-19
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    • 11 1 BizIT A bumper year for media tablets PAGE 30 *****1 *****4
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    • 140 1 DINING OUT On the periphery of stardom PAGE 24 HUBLOT GENEVE k I O 0 I Jfr If o T /> J r /4 r y> BIG BANG Aero Bang, Skeleton Chronograph in 18K Red Gold, Rubber and Alligator. THE HOURGLASS Contemporary Horological Art SINGAPORE HUBLOT BOUTIQUE MARINA BAY SANDS®
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    • 11 1 VIEWS FROM THE TOP Keeping corporate fraud at bay PAGES 10,11
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  • TOP STORIES
    • 567 2 Discounting the group coupon business THE go-go business of group coupon websites has ironically become a no-man’s land for start-ups. Even as Groupon gears up for an initial public offering in the United States, cyberspace is littered with dormant group coupon sites and virtual cul-de-sacs of dead links.
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    • 962 2  -  With few results this week, anticipation will build heading into coming weeks WALL STREET INSIGHT By STEPHEN RAPHAEL in New York THERE was no shortage of disappointment on Wall Street in response to last Friday’s dismal employment report for June, but in what
      BLOOMBERG  -  962 words
    • 639 4  -  Unlike tech-bubble firms, the ones to be reckoned with today have decent margins By JOYCE HOOI [SINGAPORE] Now that Groupon looks set for an initial public offering (IPO), the knives are out. While it has not yet disclosed how much it is planning
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    • 356 4  -  By MICHELLE TAN [SINGAPORE] Singapore is a prime player in Asia’s custody market, given its “access” to high quality human capital, according to global financial services firm BNY Mellon. Timothy F Keaney, chief executive officer of BNY Mellon Asset Servicing, told BT:
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    • 426 4 Reuters AFP [WASHINGTON] US Republicans have pulled back from a joint effort to craft a broad US$4 trillion deficitreduction deal just hours before US President Barack Obama was slated to meet his top Republican foes to forge a crucial budget deal ahead of an early-August
      Reuters; AFP  -  426 words
  • Page 2 Advertisements
    • 192 2 Get inside analytics With Deloitte and Davenport The Deloitte Analytics Institute proudly presents a public seminar and luncheon focused on harnessing the power in your organisation’s data. The global analytics expert, author, and executive business advisor, Tom Davenport, will be sharing new and advanced analytics practices and how they’re benefiting
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    • 475 2 US GAAP and IFRS Comparison Seminar Dates Wednesday, 17 August 2011 9.00am to 5.30pm Thursday, 18 August 2011 9.00am to 5.30pm Friday, 19 August 2011 9.00am to 5.30pm Venue Pan Pacific Hotel Singapore Seminar Fees Client/KPMG Alumni S$998 per participant (1 day) S$1,798 per participant (2 days) S$2,548 per participant
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  • Page 3 Advertisements
    • 627 3 p PRIVILEGE BANKING o ■sar "^ar C to THERE'S MORE TO WEALTH THAN MONEY ALONE When it comes to Privilege Banking, we understand that the measure of true wealth goes beyond mere numbers. It's a world where your dreams are celebrated, relationships treasured and legacies preserved. Whatever your privileges may
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  • Page 4 Advertisements
    • 280 4 Singapore's 1 st Most Established Event for Sourcing Corporate Gifts, Premiums Branding Products Office Supplies Business Solutions GIFTS PREMIUMS FAIR 7 eon Singapore Gifts Premiums Fair 12 th Singapore International Trade Exhibition for Promotional, Corporate, Incentive and Retail Gifts www.SGPFair.com Stationery&OfficeLink s #!SN?"LINI< 11 th Singapore International Trade Exhibition for
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    • 32 4 2010EDITION A collection from The Business Times The diverseexperiences ofsome of the mostinfluential thinkers,corporate chiefs andsocial activists of the age 52 interviews by The Business Times journalists Available at all leading bookstores
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  • COMPANY NEWS
    • 816 5  -  Market watchers believe list for H-shares will have no impact on S-chips CORPORATE FOCUS By LYNETTE KHOO THERE remains confusion over guidelines issued by Chinese regulators on choosing auditors, with some market watchers still mulling over the possible impact on S-chips though
      FILE PHOTO  -  816 words
    • 403 5 Jul 8 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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    • 262 5 COMPANY MEETING PLACE DATE TIME Rowsley Ltd A 87 Science Park Drive, Science Park 1, Science Hub, Level 1 (Buona Vista Room), Singapore *****0 12-Jul 2.30pm Honewei Tech A 21, Tan Quee Lan St, #02-08 Heritage Place, Singapore *****8 13-Jul 2.00pm Swiber Hldgs E 12 International Business Park,
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  • Page 5 Advertisements
    • 140 5 Sometimes we are beguiled by a striking appearance, sometimes it is technical excellence that attracts us. In this case it is both. The new CLS has an Intelligent Light System featuring LED technology, not only to enhance its design, but to maximize visibility by producing the same colour temperature as
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    • 46 5 LAND FOR SALE Selling with approval for 6 cluster detached house Located Chiltern Drive 14,123sf, freehold, regular shape 5-min walk to Lor Chuan MRT Australian Int'l Sch fl7C7 CC1 1 /nii«i n««i,\ Estate Agent Licence No.: L*****87F y/O/ DDI I (Mel reck) Agent Licence No.: R*****0A
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  • SINGAPORE MARKETS
    • 597 6  -  STOCKS R SIVANITHY Senior Correspondent FOR about three months now, dealers and remisiers have been complaining about thinning liquidity and no interest from clients. There are some who describe current conditions as the worst they’ve ever experienced, while there are reports
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    • 419 6 COMMODITIES AFP [LONDON] Most commodity prices rose last week as traders welcomed broadly upbeat economic data which increased investor appetite for risk. However, some markets ran out of steam heading into the weekend following much-weaker-than-expected US payrolls figures on Friday. The American economy created
      AFP  -  419 words
    • 1716 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Prop Ltd 2.90 2.36 10 15.84 10.13 1.48 1.61 Amtek Engg Ltd 2.00 2.00 4 11.82 8.17 1.45 0.98 ARA Asset Mgt Ltd 2.00 2.00 4
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    • 703 6 CURRENCIES Bloomberg [NEW YORK] The euro fell the most in almost a month against the US dollar last week, as Moody’s Investors Service cut Portugal’s government bond rating to junk and European banks faced more stringent stress tests. The Swiss
      Bloomberg  -  703 words
    • 4 6 WEEKLY
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    • 66 6 Jul 8 VALUE CLOSE BT OB/OS 435.00 +19.00 BT CADI -*****.00 +180.0 BT 10-day MA -*****.00 +43.00 FTSE ST Mid Cap 755.28 +4.65 FTSE ST Small Cap 523.22 +5.22 FTSE ST All Share 770.20 +6.07 FTSE ST China Top 256.39 +3.04 FTSE ST China 292.51 +2.59 FTSE
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    • 55 6 VOLUME Golden Agri 390,150,000 PSL Hldgs 292,421,000 Genting SP 256,181,000 TigerAir 236,038,000 NexGenSCom 213,953,000 Digiland 129,745,000 Centillion 127,423,000 Sunmoon 117,016,000 Artivision 109,334,000 GMG Global 99,264,000 VALUE($) Genting SP 486,890,003 DBS Grp 301,668,240 SingTel 295,654,171 Golden Agri 270,071,153 CapitaLand 259,274,580 TigerAir 243,795,150 Keppel Corp 225,012,158 OCBC Bk 219,540,808
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    • 112 6 BY CENTS CLOSE UP IS S&P500 ***** 798.5 5.1 DBXT Nifty 10US$ ***** 382.8 2.5 GLD 10US$ ***** 366.9 2.1 Jardine C&C 4651 253.0 5.8 DBXT E50 10US$ 4624 209.7 3.9 DBXT MSKorea 10US$ 6556 204.8 2.6 DBXT MSEurope 10US$ 4985 139.0 2.3 DBXT MSTHAI 10US$ 1746 131.7 6.6
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    • 131 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4102-132.9 -2.6 DBXT AUD Bonds 5AU$ ***** -97.2 -0.5 DBXT DBCBLEB 10US$ 2268 -56.1 -2.0 DBS Bk 4.7% NCPS 100 ***** -40.0 -0.4 DBXT FTChina25 10US$ 3145 -35.4 -0.9 JSH 3140 -31.7 -0.8 DBXT FTVietnam 10US$ 2845 -26.8 -0.8 Petra 180
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    • 5 6 WEEKLY
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    • 468 7  - Head for Reits and telcos in Q3: UOBKay Hian Brokerage also recommends low-beta stocks in its strategy report By JAMIE LEE GO on the defensive and head for real estate investment trusts (Reits), telecommunication companies and low-beta stocks in the third quarter, says UOB-Kay Hian in a strategy report. The
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    • 292 7  -  By MINDY TAN HSBC completed the first renminbi (RMB) transaction here that enabled its customer to access RMB funds from the Monetary Authority of Singapore’s (MAS) CNY Facility yesterday. Under an agreement signed in July 2010, MAS and the People’s Bank of China (PBC)
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    • 145 8 JULY 8 BID PRICE VALUE WEEK-ON-WEEK CHANGE JEL 0.018 20.0 4,500 MoyaDayen 0.074 13.8 9,250 C&G Industrial 0.142 13.6 10,792 Sinostar 0.180 12.5 11,160 Sunshine 0.045 12.5 9,000 Jiutian Chemical 0.037 5.7 3,330 Advance SCT 0.031 3.3 2,573 HanKore Env 0.036 2.9 3,600 Ausgroup 0.380 0.0 14,060
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    • 168 8 JULY 8 BID PRICE VALUE WEEK-ON-WEEK CHANGE Biosensors 1.360 4.6 27,200 Golden Agri-Resources 0.705 4.4 19,740 ASL Marine 0.635 4.1 5,715 Mercator Lines 0.205 2.5 7,790 Bukit Sembawang 4.500 2.3 4,500 Pan-United Corp 0.500 2.0 6,000 Rotary Engineering 0.835 1.2 13,360 The Hour Glass 1.255 1.2 11,295
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    • 150 8 sentiment VALUE JULY 8 BID PRICE WEEK-ON-WEEK CHANGE China Taisan 0.160 14.3 6,400 Chemoil Energy 0.366 6.7 10,614 CH Offshore 0.435 3.6 7,395 World Precision 0.585 3.5 11,115 Stats Chippac 0.655 3.1 4,585 Dairy Farm 10.362 3.1 10,362 Pan-United Corp 0.500 2.0 6,000 Del Monte
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    • 170 8 JULY 8 BID PRICE VALUE WEEK-ON-WEEK CHANGE TT Int'l 0.033 10.0 1,485 China Merchants (Pacific) 0.550 5.8 6,050 Courage Marine 0.155 3.3 4,960 Hong Leong Asia 2.360 3.1 16,520 GP Industries 0.515 2.0 7,725 CDL Hospitality Trust 2.100 1.9 14,700 FJ Benjamin 0.370 1.4 9,250 Rotary Engineering
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    • 159 8 JULY 8 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Taisan 0.160 14.3 6,400 Dapai 0.091 7.1 2,457 JES International 0.265 6.0 13,780 ASL Marine 0.635 4.1 5,715 Hong Leong Asia 2.360 3.1 16,520 Mercator Lines 0.205 2.5 7,790 Straits Asia Resources 3.030 2.4 15,150 SC Global 1.475 1.0
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    • 170 8 JULY 8 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Merchants (Pacific) 0.550 5.8 6,050 Golden Agri-Resources 0.705 4.4 19,740 Tuan Sing 0.365 4.3 18,980 Auric Pacific 0.650 3.2 3,900 Fortune Reit 0.612 2.5 7,956 Innotek 0.435 1.2 6,090 Hotung Investment 0.146 0.7 7,008 Metro 0.775 0.6 8,525 Allgreen
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    • 1596 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd THE buying was flat while the selling among directors plunged last week, based on filings on the Singapore Exchange from July 4 to 8. A total of 15 companies
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    • 402 8  -  TEH HOOI LING Senior Correspondent SINGAPORE stocks continued to climb, albeit just slightly last week as bad news had been kept at bay. All our portfolios edged up ever so slightly, with the average at 0.4 per cent. This, however, trailed the blue-chip Straits Times
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  • Page 7 Advertisements
    • 346 7 It’s not every day that you get to create an estate. Universal Life plans for the first time in SGD. 34°S–San AntoniodeAreco,Argentina At HSBC Premier, we understand that securing your family’s future is your top priority. Legacy planning allows you to set aside more for your loved ones and protect
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  • SINGAPORE NEWS
    • 528 9  -  It targets assets under management of S$4.5b, up from S$3.1b now By SIOW LI SEN MANULIFE Asset Management will grow its business here by 50 per cent over the next two years to take advantage of the private banking boom, said
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    • 341 9  -  By LESTER HIO DEVELOPMENTAL consulting firm Vector Scorecard (VSC) Asia-Pacific Pte Ltd has announced plans to extend its services into Hong Kong, in line with a strategic cooperation deal with Hong Kong Securities Institute signed in March. VSC’s foray into
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    • 221 9 FOUR Seasons Hotel Singapore has launched a cancer research and awareness community outreach programme called “Sow a Seed, Save a Life” in conjunction with its “Stay Longer” package. For $25, guests will receive three seeds to plant at the hotel’s 1,000 sq ft
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    • 566 9 Payment Ex Books Pay Ann (cts) date close date date Australand Prop^ as 10.500 28-Jun 30-Jun 04-Aug 21-Jun Azeus Systems bo 1.140 08-Aug 11-Aug 23-Aug 07-Jul B Sembawang ak 4.000 29-Jul 02-Aug 12-Aug 24-May B Sembawang bh 8.000 29-Jul 02-Aug 12-Aug 24-May Boustead ak 2.000 03-Aug 05-Aug 19-Aug
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  • Page 9 Advertisements
    • 263 9 Singapore, Ch, na/( aon9 Kong,Taiwan, American S air) Cook Islands, Fiji, Guam A, Ne w Caledonia, New Zealand, l d s>a« and Tim0r Leste < Tonga, aVS ia, Caledonia, New Zealand, J tU> atend Tim r LeSt6 r °"9a, S a m° a Australia, Camt is '%■> -\aWaO' (jewCaledonia,New ea
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  • VIEWS FROM THE TOP
    • 3517 10 THIS WEEK’S TOPIC Do you agree that fraud incidents have risen significantly within your industry, and in the Singapore corporate sector generally? How are companies/organisations dealing with the challenge, and should more be done? Steve Leonard President EMC Asia Pacific/Japan INTERNAL security risks no longer
      STOCK.XCHNG  -  3,517 words

  • Page 11 Advertisements
    • 95 11 Access Asia with new iShares Fixed Income ETFs. Welcome to new thinking for fixed income investing, from the world leader in Exchange Traded Funds (ETFs). iShares now offers two new fixed income ETFs delivering multi-market Asian coverage on Singapore Exchange (SGX). iSharesBarclaysCapitalAsia LocalCurrencyBondIndexETF iSharesJ.P.MorganUSD AsiaCreditBondIndexETF N6M N6L Forfurtherdetails,pleasespeakwithyourbrokerorcontactusat+**********. iShares.com.sg IssuedbyBlackRock(Singapore)Limited(Co.registrationno.*****0143N).Investmentinvolvesrisk,includingpossiblelossofprincipal.Beforemakinganinvestmentdecision,investorsshouldreadtherelevantiSharesFund’sprospectus(available
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1175 12  -  As private pools of capital, they are not subject to certain investment restrictions and may adopt unconventional investment strategies, reports TEH SHI NING reports TEH SHI NING HEDGE funds have received much bad press in recent years, following scandals such as Madoff’s US$50 billion
      STOCK.XCHNG  -  1,175 words
    • 1185 12  -  STARTING YOUNG By REBECCA LIU WHEN23-year-oldRichard Liao sets his mind on something, he goes full steam ahead. The final-year business (honours) student at Nanyang Technological University (NTU) is also the equities fund manager of the NTU’s Student Managed Investment Fund, chairman (financial workshops) and
      YEN MENG JIIN  -  1,185 words
    • 300 12 ASK DR INVEST Q: I’m interested in investing in gold. How can I go about doing so, given that I only have a small investment pot of $5,000? A: Investing in gold has gained popularity over the past few years as it is widely
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  • Page 12 Advertisements
    • 332 12 Get started now ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock-market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple iPod
      332 words

  • ECONOMY WATCH
    • 652 13 It’ll rise 2.5% a year before a market-based emissions scheme takes off in mid-2015 Reuters [CANBERRA] Australia unveiled plans yesterday to slap a carbon tax of A$23 (S$30) a tonne on its 500 worst polluters from 2012, sweetened by tax cuts for
      Reuters  -  652 words
    • 664 13 AFP [FRANKFURT] After a glimmer of hope in the Greek debt crisis, is it back to the drawing board for eurozone leaders as they struggle to protect the single currency and its 17-nation economy? “That’s for sure that’s why the ECB (European Central
      AFP  -  664 words
  • Page 13 Advertisements
    • 195 13 ti-ii-J JACKPOT TODAY Sales close at 6pm Draw at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE EJ A STAR ALLIANCE MEMBER V*> I FLYfB Travel the world with THAI and MasterCard® Exclusive all-in MasterCard fares from 4 Fly THAI and savour the renowned comforts
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  • MALAYSIA
    • 448 14 Minister estimates that 4% rate could generate RM6.3b in incremental revenue [KUALA LUMPUR] The implementation of Goods and Services Tax (GST) in Malaysia is not a question of if, but when, economists say. According to The Star newspaper, the GST or value-added tax
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    • 1865 14 VOL Jul 8 RM +/-(‘000) A M Realty 0.47 unch 0 Abric Bhd 0.30 unch 0 Advance Synerg 0.23 -0.01 1675 Adventa Bhd 1.95 -0.03 105 Ae Multi Hldgs 0.26 unch 15 Affin Holdings 3.40 -0.04 723 Ahmad Zaki Res 0.81 unch 284 Aic Corp 1.34 -0.03 438
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    • 636 14  -  MALAYSIA INSIGHT PAULINE NG KL Correspondent THE number 1667 was extremely popular with regular 4D punters following a mass rally in Kuala Lumpur over the weekend. Why? Because 1,667 people, including 16 children, were arrested but later released for participating in the Bersih
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  • Page 14 Advertisements
    • 1946 14 MAT=3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg ARTIVISION TECHNOLOGIES LTD (Company Registration No. *****7031R) (Incorporated In the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of ARTIVISION TECHNOLOGIES LTD (“the Company”) will be held at 31 International Business Park, Creative Resource,
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  • GREATER CHINA/INDIA
    • 513 15 It’s up from May’s US$13.05b and economists’ forecast of US$14.3b AFP [SHANGHAI] China’s politically sensitive trade surplus expanded to US$22.27 billion in June, rising sharply from the previous month as the value of exports hit a record high, government data showed yesterday.
      AFP  -  513 words
    • 549 15 AFP [TAIPEI] Taiwan’s once-booming textile industry entered this decade in need of a wake-up call, with global competition having reduced exports by over a third. But one firm has received a boost from a surprising source: coffee. The S Cafe fabric, made by
      AFP  -  549 words
    • 685 15 AFP [NEW DELHI] Not long ago it was the toast of investors, but India’s appeal has taken a hit, with bearish sentiment building thanks to worries over stubbornly high inflation and widespread political corruption. Investor ardour for Asia’s third-largest economy has been cooled
      AFP  -  685 words
  • Page 15 Advertisements
    • 96 15 I Ik ill X iSUHill 1#/ Join us at CA World Expo The Era of Now on 21 July in Singapore Learn about now from the leaders of tomorrow. Recognized as one of the largest gatherings of IT professionals, CA World Expo will highlight how you can maximize the business
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    • 515 15 Invest ETFs in U.S. Market with E*TRADE! COMMISSION FROM AS LOW AS us$9.99 PER TRADE* More ETFs Choices, More Opportunities in U.S. Market! Open an acount and get up to US$350 rebate! NO CUSTODY FEE** TOCKS FUNDS rxxiF Stock ETF Screeners Active trading platform Power E*TRADE Pro (PET) IT Mobile
      515 words

  • FUTURECHINA GLOBAL FORUM
    • 988 16  -  With a shift towards innovation and strategic industries, the world can expect tremendous business opportunities in China. By TEH SHI NING CHINA is no stranger to all manner of superlatives. Even as its economy now slows from a breakneck growth of close to 11
      BLOOMBERG  -  988 words
    • 1124 18  -  A thorough understanding of what makes the Chinese tick can give Singaporean firms a competitive edge, says LOW YEN LING LOW YEN LING The writer is the CEO of Business China, organiser of the FutureChina Global Forum 2011 IF you have been to Xintiandi in Shanghai,
      BLOOMBERG  -  1,124 words
    • 1029 18  -  By MAX VON ZEDTWITZ The writer is professor of Strategy Innovation, Tongji University (China) and the University of St Gallen (Switzerland), and director of Glorad, the Research Center for Global R&D Management, Switzerland. He is a speaker at the FutureChina Global Forum 2011
      XINHUA  -  1,029 words
    • 1463 19  -  There will be ample business opportunities for global players as the next 20 years will see China continue to grow and transform, says LIM MING YAN LIM MING YAN The writer is chief operating officer of CapitaLand Limited and deputy chairman of CapitaLand China Executive
      REUTERS  -  1,463 words
  • Page 16 Advertisements
    • 69 16 iV.. FUHRECHITIA SINGAPORE .u- tt i The Organizer of FutureChina Global Forum 2011 warmly welcomes all delegates and thanks all sponsors and partners for their invaluable support. Wishing alia fruitful experience at FutureChina Global Forum 2011 11-12 July The Ritz-Carlton, Millenia Singapore Organizer BUSINESS CHINA SINGAPO Platinum Sponsors Silver Sponsors
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  • Page 17 Advertisements
    • 184 17 14 h t 15 13 22 i l&s P n 16 20 s 19 X X X D 12 l tew. EXC i H-iT iiBiita, uj I! 1B3 WfM M stL2m SINGAPORE i 1 liu... *i J= mm mmm h m m N.3 iOHB X MM x r s.XX i&r
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  • Page 19 Advertisements
    • 2206 19 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES PAN HONQ PAN HONG PROPERTY GROUP LIMITED (Incorporated in Bermuda on 20 December 2005) (Registration No: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Pan Hong Property Group Limited (the "Company") will be held at
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  • WORLD
    • 684 20  -  Japan’s hopes of selling nuclear power packages to SE Asia fast fading By ANTHONY ROWLEY in Tokyo ASEAN’s flirtation with the idea of nuclear power may be coming to an end as a result of Japan’s Fukushima disaster, and with it the hopes that
      AFP  -  684 words
    • 417 20 Ties were strained on Taiwan arms sale, naval discord Bloomberg [BEIJING] US military ties with China are “absolutely vital”, Admiral Mike Mullen, chairman of the Joint Chiefs of Staff, said yesterday at the start of a visit that will conclude on July
      Bloomberg  -  417 words
    • 511 21 Analysts are expecting stellar H1 results, especially from LVMH AFP [PARIS] Purveyors of luxury and indulgence flirted with record stock market valuations this week as investors looked past a litany of bad economic figures and the eurozone debt crisis to focus on the
      AFP  -  511 words
    • 485 21 Bloomberg [LONDON] Fernando Alonso won yesterday’s British Grand Prix for a first Ferrari victory this season, which has been dominated by the Red Bull team. Alonso finished ahead of series champion and current leader Sebastian Vettel, whose Red Bull
      Bloomberg; AFP  -  485 words
    • 248 21 AFP [PARIS] French choreographer and dancer Roland Petit, who helped set up Les Ballets des Champs-Elysees and formed several more dance companies, died yesterday in Geneva at the age of 87, the Paris Opera Ballet said. Mr Petit created around a hundred dramatic
      AFP; AFP FILE PHOTO  -  248 words
    • 1019 22 Sunday Times says at least 9 journalists, 3 police officers to go behind bars Reuters [LONDON] Britain’s biggest selling weekly newspaper hit the streets for the last time yesterday, victim of a phone hacking scandal that has sent tremors through the
      Reuters; REUTERS  -  1,019 words
  • Page 20 Advertisements
    • 4125 20 MATS Q Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES ran GL®BAL bs Yellow Pages Limited (Incorporated in the Republic of Singapore) Company Registation No. *****4719G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE 8TH ANNUAL GENERAL MEETING of the Company will be held at STI Auditorium, Capital Tower,
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    • 207 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF JOHN HANCOCK LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****0080W) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member
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  • Page 21 Advertisements
    • 104 21 LUXURY TOURS TRAVEL PTE LTD a The Leading Operator i'A Established 1985 > > Y^M "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services
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    • 682 21 BUY IT• SELL IT• FIND IT MATS ir" F Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES R H ENERGY LTD. (Incorporated in the Republic of Singapore) (Company Registration Number *****0437K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of R H ENERGY LTD. (the “Company”)
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    • 804 21 PT BERLIAN LAJU TANKER Tbk Having registered office in Jakarta, Indonesia (“Company”) ANNOUNCEMENT OF THE RESOLUTION OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS We hereby announce that the Annual General Meeting of Shareholders of the Company which was held on 7 July 2011, at Songket Room, Four Seasons Hotel, Jakarta,
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  • Page 22 Advertisements
    • 271 22 m T-\ 1 mM m THRILL OF THE GRILL Indulge in a sizzling summer edition of Plates of Pleasure, featuring highlights such as Blackmore Wagyu Patty, Australian Farm-Raised Lamb and Prawi served in petite plated portions. Delight in unlimited servings of these tantalising barbecued meats and other hearty bistro favourites
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  • AVIATION/SHIPPING
    • 842 23  -  It calls on local banks to consider risk-adjusted asset-based lending By VEN SREENIVASAN [SINGAPORE] Singapore can be Asia’s leading aviation financing hub, just as Dublin in Ireland has been doing on the global stage. But Singapore’s banks need to step out of their
      842 words
    • 3109 23 CZ3039 1645 SQ850 0820 SQ851 1725 CZ354 1325 CZ351 2150 CZ3040 1745 Haikou 3K818 2115 3K817 1345 Hangzhou 3K832 0520 MF866 1615 MF865 1445 Hanoi VN745 1450 SQ176 0950 SQ175 1740 VN744 1550 TR2304 1650 HatYai TR2133 1610 TR2132 1235 Helsinki AY81 1610 AY82 2330 Ho
      3,109 words
    • 496 23 Reuters LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, turned negative on Friday as cargo demand on the larger capesize vessels slowed after active bookings earlier this week. The overall index fell 0.28 per cent or
      Reuters; BLOOMBERG  -  496 words
    • 278 23 SGX '000 Jul 8 S$ +/-Vol CH Offshore 0.44 unch 221 Chuan Hup Hldg 0.25 0.01 1132 Cosco Corp 1.91 0.02 5493 CWT Ltd 1.35 0.02 6751 Ezra Hldgs 1.60 0.07 ***** First Ship Lea 0.35 unch 277 Freight Links 0.06 unch 1050 Grand Banks unch unch 0
      278 words
    • 548 23 The new strategy will be announced on Aug 24 Re uters [SYDNEY] Australia’s Qantas Airways will make cuts to its loss-making international operations under a new business strategy to be announced next month, chief executive Alan Joyce said in an interview. The
      Reuters  -  548 words
  • Page 23 Miscellaneous
    • 323 23 CRYPTIC CROSSWORD Across 5 Amount of bread in store? (4,3) 7 Subject, say, featuring in story (5) 9 Knight, criminal fiend, receiving pointed attack? (6) 10 Kitchen item exciting a twee lot (3,5) 11 Files, perhaps, not changing for hearing (10) 13 Wartime group proving a big hit on reflection
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  • DINING OUT
    • 732 24  -  RESTAURANT REVAMP Man Fu Yuan Level 2, Intercontinental Singapore 80 Middle Road Tel: 6825-1062 By Jaime Ee IT’S tough for an individual Chinese restaurant to stand out in Singapore when the scene is dominated by a couple of tried and trusted brand names such as
      732 words
    • 790 24  -  By Audrey Phoon GUEST CHEF Laurent Peugeot Il Cielo Level 24, Hilton Singapore 581 Orchard Road Tel: 6730-3393 HAVING been a guest chef in Singapore twice in the past three years, Laurent Peugeot chef-owner of the one-Michelin-star Le Charlemagne in Burgundy is now quite
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  • Page 24 Advertisements
    • 122 24 BUNKER BAR BISTRO RESTAURANT fcM f I# X* V* > wM\ V V —> VI 4K li ■t i i it i 4 27 Cosford Road, (near Changi Prison) Singapore *****9 Tel: 6466 9000 slights An Escapade from The City 10% off Selarang Camp No GST Valid till July 31,
      122 words

  • SINGAPORE STOCKS
    • 8737 25 Week ended: Jul 8 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 15 8Telecom 16 unch 55 16 15 15.5 16.5 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 7.2 +0.2 638 7.5
      8,737 words
    • 1672 26 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 5.5 4 t AA Grp 4 3.6 4.3 19 3.9 202 139 t APStrategic 139 -10 14 145 139 139 141 82.5 1.5 0.2
      1,672 words
    • 116 26 Stock name Close Change CapMallsAsia 1.505 +0.025 CapitaLand 3.070 +0.120 CapitaMall 1.920 CityDev 10.940 +0.110 ComfortDelGro 1.435 -0.015 DBS Grp 14.940 +0.050 F&N 6.020 +0.130 GLP 2.100 -0.010 Genting SP 1.890 +0.005 Golden Agri 0.705 +0.025 Stock name Close Change HK Land 7.030 +0.030 JMH 56.000
      116 words
    • 2623 26 Transaction date: Jul 8 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.18 unch 0 Aeon Stores-50 17.30 0.40 10 Angang Steel 8.85 0.10 7362 Anhui Conch 39.80 0.45 ***** Anhuiexpresswa 6.36 -0.11 544 Asia Satellite 18.00 unch 3 Asm Pacific 103.80 -3.90 1400 Bank Of E Asia 32.25
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    • 262 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A46 +1.5 41 46 42.5 46 48 3.6 7.6 3.7 119.8 55 18 Genting HK US$ US38.5 +2 ***** 39.5 36.5 38.5 39 2535
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    • 186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 5 0 0 0 7 6 5 Manufacturing 73 104 29 11 15 9 84 119 38 Commerce 34 30 17 3 11 1 37 41 18 Tpt/Stor/Comms 26 15 6
      186 words
    • 941 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 114.5 114.5 522.7 1100 860 CIMBAsean40 100US$ US1098 +28 211 1100 1065 1079 1098 43.9 350 290 DBS STI ETF
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    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 229,444 229,444 402,498 402,498 Manufacturing 1,125,045 179,323 1,304,368 884,970 5,639 890,609 Commerce 698,198 60,607 758,805 389,200 6,159 395,359 Tpt/Stor/Comms 756,193 31,634 787,827 1,104,203 3,245 1,107,448 Finance 103,633 28 103,661 843,616 3 843,619 Construction 460,618 246,929
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  • Page 26 Advertisements
    • 26 26 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jul 8 Index Change Change Change Change Change Change World Index Preliminary 920.6 -0.9 2.5 -1.0 -0.2 -0.9 4.7 EAFE Preliminary 790.9 -0.6 -1.3 -0.8 -1.8 -0.7 3.0 Europe Preliminary 1165.2 -1.3
      374 words
    • 77 27 CRUDE OIL PRODUCTS Jul 7 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 117.02 3.49 WTI (Near Mth) 98.55 1.94 Dubai (1-Mth F) 108.76 1.99 Tapis blend 119.54 1.93 Minas 115.74 1.73 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.39 1.67 Jet Kerosene 126.60 1.60 US$/barrel Opec Oil
      77 words
    • 107 27 Jul 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1352.00 1345.50 1355.25 1341.75 Aug 11 1346.75 1340.75 1350.50 1335.50 Sep 11 1345.00 1337.00 1348.00 1331.50 Nov 11 1346.50 1337.50 1349.50 1332.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 56.20
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    • 81 27 Jul 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 06.10.2011 0.31 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.7 103.74 103.7 5-Year N*****0W 1.125 01.04.2016 101.05 101.23 101.13
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    • 454 27 Jul 8 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6400 0 5742 Dec11 99.5500 0 4266 Mar12 99.4800 0 1578 Jun12 99.3550 0 904 EUROYEN TIBOR FUTURES Sep11 99.6650 0 1333 Dec11 99.6625 0 1392 Mar12 99.6550 99.6550 99.6550 99.6550 0 1823 Jun12 99.6450 0
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    • 170 27 Jul 8 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 11 471.0 469.5 471.0 12 167 Sep 11 471.0 468.0 471.0 21 392 Oct 11 475.0 470.0 471.5 36 392 Nov 11 475.0 470.0 473.0 35 351 Dec
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    • 60 27 As on 8 July 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1530.5 1527.7 1528.8 1527.2 CURRENCY Euro-US Dollar Sep-11 1.4333 1.4177 1.4235 1.4334 Aust-US Dollar Sep-11 1.0626 1.0624 1.0625
      60 words
    • 121 27 As at 9am Jul 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.359 1.283 Can dollar 1.298 1.249 Euro 1.787 1.719 Sterling pound 1.988 1.912 NZ dollar 1.046 0.997 US dollar 1.239 1.192 Local dollars to 100 units of foreign
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    • 27 27 Jul 8 Open High Sett STI Jul 3150 SIMSCI Jul 362.4 366.1 365.0 Taiwan Jul 303.6 306.5 302.6 Source: MF Global (S) Pte Ltd
      27 words
    • 2603 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25.5 1 150 26 5.45 34 ASJ Hldgs W*****1 1.5 1 4 31 2.80 7 AlliedTech W*****2 1.9 0.4 25 1 4 28 Asia Water Tech Ltd W*****8
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    • 177 27 Jul 8 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.25 0.15 1 month 0.28 0.18 2 months 0.35 0.25 3 months 0.40 0.30 6 months 0.52 0.42 9 months 0.75 0.50 12
      177 words
    • 462 27 Jul 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.033 6.969 0.753 8.389 47.785 91.855 0.877 11.394 3.226 1.294 92.513 46.076 1.315 7.208 0.913 31.011 32.595 0.675 1.078 Canada 0.968 6.747
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    • 85 27 Jul 8 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 140 27 Jul 8 GOLD (US$/oz) Jul 07 Jul 08 Hong Kong 1530.60 1529.00 Jul 08 Jul 07 London 1541.28 1526.59 1542.09 1527.40 Source: Thomson Reuters CAST BAR Jul 08 (S$) Selling Buying Kilobar "64,492.11" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 60 5gm 410 301 10gm 733
      140 words
    • 70 27 Jul 8 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2505.00 2561.50 3 months 2535.00 2591.00 Copper, Grade A (US$/tonne) Cash 9644.00 9724.00 3 months 9661.00 9740.00 Lead (US$/tonne) Cash 2709.75 2712.50 3 months 2719.00 2721.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • 154 27 Jul 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3138 1.3155 1.0778 1.0783 Canadian dollar 1.2722 1.2734 1.0436 1.0437 Euro 1.7456 1.7472 1.4320 1.4321 NZ dollar 1.0153 1.0169 0.8329 0.8335 Sterling pound 1.9467 1.9490 1.5970 1.5975
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    • 22 27 Jul 8 S$ Bid Offer 1-month 1.2190 1.2200 2-months 1.2189 1.2200 3-months 1.2189 1.2199 6-months 1.2184 1.2194 Source: OCBC
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    • 65 27 Jul 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3100 3080 3100 3080 195 1714 Aug 11 3105 3085 3115 3077 1083 ***** Sep 11 3100 3077 3110 3073 ***** ***** Oct 11 3102 3078
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    • 82 27 Jul 8 COCOA (£/tonne) Close Prev High/Low Jul 11 1926 1984 2008/1920 Sep 11 1944 2013 2037/1941 Dec 11 1967 2038 2058/1966 Mar 12 1984 2055 2076/1983 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2397 2423 2429/2410 Sep 11 2437 2463 2470/2435 Nov 11 2466 2491 2497/2463 Jan 12
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 862 30  -  IDC forecasts 200% jump in their sales in Singapore from last year, reports AMIT ROY CHOUDHURY reports AMIT ROY CHOUDHURY HAVE you gotten yours yet? Media tablets are well on their way to be the next craze of gadg-et-savvy Singaporeans with more
      AFP  -  862 words
    • 345 30  -  It’s committed to 15 to 20% y-o-y revenue growth in five years By VICTORIA HO [SINGAPORE] Encompass Digital Media is on track to exceeding its US$20 million committed to Singapore over the next five years, its Asia managing director Deepakjit Singh said. Mr
      345 words
    • 613 30  -  By VICTORIA HO [SINGAPORE] The ability to reach new users through mobile TV has been a prospect dangled by telcos for the past few years. It holds the promise of courting a TV audience that has become increasingly drawn to mobile devices for entertainment,
      613 words
    • 1118 31  -  Emergence of business tablet market could mean new life for Microsoft <cool stuff> By KENNETH GEORGE JAMES THE time for promises is over. Tablet PCs’ big hitters with one notable exception have finally delivered. But could the real battle be just beginning? The current battle lines
      AFP  -  1,118 words
    • 998 31 CFO David Goulden, Pat Gelsinger named among 4 candidates Bloomberg [SEATTLE] EMC Corp chief financial officer David Goulden and fellow executive Pat Gelsinger are the early front runners in a race to succeed chief executive officer Joe Tucci, two people with knowledge
      Bloomberg  -  998 words
  • Page 30 Advertisements
    • 21 30 How to run a business without running out of ideas SMEJuly/Augoutnow! )5,6;,!*330,9#/9!:.*!! )(*23:."6:;<$**+/2-7 )5,6;,-9;0,9#3,!!*! )42-73*0,9#<,1*,$$:-*&!;*-<.,3,"06,*! )’#*%2#:."$,#21*+:2:.;*#8:*6 AvailableatCaltex,Esso,ShellandSPCpetrolstations, 7ElevenandCheersstoresandleadingbookstores Tosubscribe($30forsixissuesdeliveredtoyourofficeorhome),pleasecall6388-3838. GetacomplimentarycopyifyouareaTNTclient,whilestockslast! Producedby
      21 words
    • 296 30 THE SME MAGAZINE PRESENTS The Economy Your Business What headwinds ahead do companies face? Get a better picture of how the next 12 to 18 months will pan out. Hear from two of Singapore’s top economists as they share their outlook on how the wider picture can impact local businesses
      296 words

  • Page 31 Advertisements
    • 2090 31 MATS NOTICES YOMA STRATEGIC HOLDINGS LTD. YOMA STRATEGIC HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Co. Reg. No: *****0185E) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of YOMA STRATEGIC HOLDINGS LTD. (the "Company") will be held at Connection 2, Level 3, Amara
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  • Page 32 Advertisements
    • 164 32 CM I Great Eastern Women 10K You are all r-. J) 1 A Jt t r d W r r 4 3 •v, V ■i m »»v i winners in the great race of life! Your different roles as women inspire us. as CORPORATE and COMMUNITY LEADERS as SURVIVORS Last
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