The Business Times, 17 October 2011

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Total Pages: 33
1 34 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Monday, October 17,
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  • 752 1  -  By LEE U-WEN in New York BARELY a year after breaking ground, the finishing touches are already being applied to the Genting Group’s massive US$830 million casino in New York City a mega-project that the Malaysian resort and gaming giant hopes will
    752 words
  • 800 1  -  Move to spur bank lending to firms which are now in the grip of underground lenders By VIRGINIE MANGIN in Beijing A GRIM battle is raging in Wenzhou to pump some life back into its dying small and medium enterprises (SMEs). The
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  • 157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 2,744.17 +103.87 KL COMP 1,442.43 +42.38 NIKKEI 225 8,747.96 +142.34 HANG SENG 18,501.79 +794.78 SET INDEX 955.81 +46.64 JAKARTA COMP 3,664.68 +239.00
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  • Page 1 Advertisements
    • 47 1 BizIT Managing data centres’ power vital: survey PAGE 34 Beyond Money Today, we launch an occasional column in which we feature people who have opted out of the more conventional career paths and have started new ventures or movements, simply to make a difference. I PAGE 6
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    • 10 1 DINING OUT Vietnamese food goes upscale PAGE 27 *****1 *****4
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    • 87 1 IPO WATCH Small IPOs test market in a dismal year PAGE 8 LIVE FOR GREATNESS EVERY ROLEX IS MADE FOR GREATNESS. THE GMT- MASTER, INTRODUCED IN 1955, WAS DEVELOPED TO MEET THE NEEDS OF INTERNATIONAL PILOTS. THE GMT- MASTER II HAS PROVEN TO BE EVEN MORE INVALUABLE AS IT FEATURES
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    • 10 1 VIEWS FROM THE TOP Tapping Chinese enterprise PAGES 16 17
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  • TOP STORIES
    • 601 2 China fights to dispel shadow over its SMEs A GRIM battle is raging in Wenzhou to pump some life back into its dying small and medium enterprises. The outcome may well decide what the future holds for China’s SME sector. Starved of funds and racked by debt, many
      601 words
    • 643 2  -  Germany, France under pressure to agree on how to recapitalise banks From NEIL BEHRMANN in London OFFICIALS at the G-20 summit in Paris over the weekend indicated that between 28 and 50 European and other global banks needed to boost
      AFP  -  643 words
    • 899 4  -  The Dow surged to within 9% of its 2011 peak last week WALL STREET INSIGHT By ROB CURRAN THE stock market swung back to exuberant territory from panic mode last week, and now details of the euro rescue plan and its effect on banks
      AFP  -  899 words
    • 669 4  -  Make-up artist claims aesthetics doc was not qualified for task By MICHELLE QUAH [SINGAPORE] Aesthetics doctor Amal Dass, husband of well-known model Junita Simon, meets his accuser in court today to hear and defend himself against claims that he botched a patient’s
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  • Page 2 Advertisements
    • 260 2 to' Deloitte has a proven track record in helping our clients in the financial services sector to enhance their profitability while keeping up with regulatory compliance. "When our client wanted to make strategic decisions concerning recent FATCA legislation from the US, we helped them understand the potential costs of compliance
      260 words
    • 114 2 Celebrate 10 years of the high life at Chefs With Altitude 2011 22 to 30 October 2011 10 years on and the Equinox Complex still remains a bastion of true culinary excellence and a feast for friends, family and lifestyle connoisseurs alike. Get set for a gastronomic journey as we
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  • Page 3 Advertisements
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  • Page 5 Advertisements
    • 55 5 Time waits for no one. But for you, it will stand still. While the world plays queue-up, you breeze right through. However long a journey, the distance will never show on you. For when you travel, there’s a card that looks after everything for you. HSBC Visa Infinite. For those
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  • BEYOND MONEY
    • 1559 6  -  After 13 years at Mindef, Dazzle Foo switches over to journalism and now runs a publication devoted to social causes, civic engagement, philanthropy and social responsibility. In this occasional column, we feature people who have opted out of the more conventional career paths
      YEN MENG JIIN  -  1,559 words
    • 748 6  -  By TEH HOOI LING CERTAIN things in the non-profit world that make Dazzle Foo mad. Wastage is one of them. Money not going to the organisations which do good work and need it most is another. “I was like going crazy, especially when they
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  • Page 6 Advertisements
    • 113 6 WEAR! BUYING... High value watches Rolex, Patek Philippe Antique vintage watches Gold Gold ornaments Gold coins, old banknotes Silver coins Diamonds Jewelleries Old paintings Ching porcelains Old China furnitures Pawn tickets PENG KWEE Our Outlets #01-46 Peninsula Plaza #01-45 The Bencoolen #02-90K People's Park Complex #01-44 People's Park Centre #01-53
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    • 68 6 <^5E>) E»l»bll»hed 1985 LUXURY TOURS TRAVEL PTE LTD The Leading Operator 100 Orchard Road, #02-46 Concorde Hotel ShoppingMall Singapore *****0 Email: enquiries@luxury.com.sg Website: www.luxury.com.sg Call OUR SALES DEPARTMENT 6309 0850 FAX: 6732 7928 TODAY!! I ATA s V s- Cruises Limousine Services Special Interest Tours Tours to Israel Turkey School
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    • 21 6 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices I NOTICES §j of
      21 words

  • Page 7 Advertisements
    • 202 7 Audi Vorsprung durch Technik Luxury has progressed through lightweight technology. A K 4. IN A 6010 n i ml L 7 Change the game with the all-new Lightweight Audi A6, now with the award-winning 2.0 TFSI® engine. Lightness is the new paradigm of Luxury with the Audi A6. Packed with
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  • COMPANY NEWS
    • 1225 8  -  Only 4 out of 14 new listings so far this year trading above offer price IPO WATCH By DOLLY CHIA THIS has been a year to forget for initial public offerings (IPOs) in Singapore, but some small companies are still braving the
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    • 768 8 Payment Ex Books Pay Ann (cts) date close date date 800 Super Hldgs ak 0.550 28-Oct 01-Nov 17-Nov 10-Oct AIMS Amp Cap Ind Reit ag 2.500 18-Oct 20-Oct 07-Dec 07-Oct Amtek Engg an 5.500 04-Nov 09-Nov 22-Nov 26-Aug Asiatic Grp an 0.150 10-Aug 12-Aug 24-Oct 28-Jul ASL Marine
      768 words
    • 752 11  -  London-listed firm exploring regional lifestyle, healthcare, hospitality sectors By TEH HOOI LING SYMPHONY International Holding Ltd (SIHL), the Lon-don-listed investment company which sold its stake in Parkway Holdings in the third quarter of 2010 to Khazanah for a gain of US$26.6 million and is
      YEN MENG JIIN  -  752 words
    • 403 11 Oct 14 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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    • 382 11 COMPANY MEETING PLACE DATE TIME St.James Hldgs A Movida, St. James Power Station, 3 Sentosa Gateway, #01-01, Singapore *****4 17-Oct 3.30pm Silverlake Axis A Pan Pacific Singapore, 7 Raffles Boulevard, Marina Square, Singapore *****5 18-Oct 11.00am Hafary Hldgs A 8 Wilkie Road, #03-08 Wilkie Edge, Singapore *****5 18-Oct
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  • Page 8 Advertisements
    • 2546 8 thebusinesstimeswww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
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  • Page 9 Advertisements
    • 122 9 BANKOFSINGAPORE International Private Banking The only thing more gratifying than having a wealth of expertise is being recognised for it. We are honoured to receive the 'Outstanding Private Bank Asia Pacific 2011' award. Private Banker INTERNATIONAL OUTSTANDING PRIVATE BANK ASIA PACIFIC 2011 'Bank of Singapore must now receive recognition as
      122 words

  • SINGAPORE MARKETS
    • 640 10  -  STOCKS R SIVANITHY Senior Correspondent THE big question in everyone’s mind is whether this is one of those occasions when markets diverge from economic reality, or whether they are instead converging. If the former, then the bounce of the past week is nothing more
      640 words
    • 497 10 COMMODITIES AFP [LONDON] World oil prices surged last week, in line with a host of other commodities, as sentiment was boosted by hopes of a swift resolution to the long-running sovereign debt crisis in the eurozone. “The oil markets gained ground
      AFP  -  497 words
    • 1532 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Cap REIT 2.00 2.00 2 9.15 10.82 1.32 0.99 Amtek Engg 2.00 2.00 5 0.10 5.49 1.03 0.69 ARA Asset Mgt 1.71 1.71 7 8.86
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    • 4 10 WEEKLY
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    • 66 10 Oct 14 VALUE CLOSE BT OB/OS 314.00 +291.0 BT CADI -*****.00 +130.0 BT 10-day MA -*****.00 +31.00 FTSE ST Mid Cap 615.02 +4.81 FTSE ST Small Cap 421.42 +7.97 FTSE ST All Share 660.56 +3.50 FTSE ST China Top 190.77 +1.20 FTSE ST China 223.78 -0.41 FTSE
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    • 59 10 VOLUME Genting SP 500,383,000 Golden Agri 427,217,000 Noble Grp 240,540,000 NexGenSCom 160,644,000 Yangzijiang 157,991,000 Sheng Siong 130,079,000 *Genting HK US$ 123,174,000 STI 2800MBeCW*****0 122,394,000 STXOSV 121,615,000 SingTel 115,251,000 VALUE($) Genting SP 795,705,365 Keppel Corp 428,912,810 SingTel 364,465,997 DBS Grp 352,238,037 Noble Grp 343,076,997 Golden Agri 261,850,480 UOB
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    • 597 10 CURRENCIES Bloomberg [SINGAPORE] Asian currencies had a second weekly gain, led by South Korea’s won, on optimism that European leaders will act to stem the debt crisis, spurring investors to buy emerg-ing-market assets. Foreign funds bought US$1.7 billion more stocks than
      Bloomberg  -  597 words
    • 115 10 BY CENTS CLOSE UP Lyxor AsiaMT 10US$ 5276 650.9 10.8 IS DJ US Tech 6492 598.9 7.8 DBXT E50 10US$ 3637 595.1 14.8 DBXT Nifty 10US$ ***** 573.5 4.4 Lyxor AsiaCS 10US$ 4935 551.9 9.7 IS S&P500 ***** 527.8 3.6 JMH 5010 378.1 6.3 DBXT MSEurope 10US$ 4145 318.5
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    • 122 10 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ *****-248.6 -1.1 DBXT S&P Short 10US$ 4432-242.3 -4.1 Hyflux 6% CPS 10 *****-141.0 -1.3 DBXT iBoxxSing 5SG$ ***** -81.0 -0.6 DBXT FTVietnam 10US$ 2370 -25.4 -0.8 SIA 200 1118 -24.0 -2.1 SIA 1127 -18.0 -1.6 ShangriLa Asia 1432 -16.6 -6.6 STI
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    • 5 10 WEEKLY
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    • 155 12 OCT 14 BID PRICE VALUE WEEK-ON-WEEK CHANGE Longcheer 0.091 28.2 1,729 Sakari Resources 2.390 23.2 11,950 Hong Leong Asia 1.680 16.3 11,760 ASL Marine 0.525 15.4 4,725 China Sky 0.093 13.4 1,581 Swiber 0.560 13.1 5,600 Mercator Lines 0.132 12.8 5,016 SC Global 1.120 12.6 12,320 China
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    • 147 12 sentiment VALUE OCT 14 BID PRICE WEEK-ON-WEEK CHANGE Longcheer 0.091 28.2 1,729 China XLX 0.310 19.2 5,270 Sunvic Chemical 0.545 9.0 16,350 FSL Trust 0.295 7.3 3,245 CH Offshore 0.395 6.8 6,715 Hi-P 0.555 6.7 7,215 World Precision 0.520 6.1 9,880 China Energy 0.054 5.9 2,430
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    • 462 12  -  TEH HOOI LING Senior Correspondent HAVE the markets formed a floor, or are we seeing a bear rally? Since the low for the year was reached on Oct 5, the Straits Times Index has risen by 8.5 per cent. Last week, the benchmark index
      462 words
    • 165 12 OCT 14 BID PRICE VALUE WEEK-ON-WEEK CHANGE Orchard Parade 1.470 16.2 11,760 Fuxing China 0.087 16.0 4,524 China Sky 0.093 13.4 1,581 Tuan Sing 0.280 12.0 14,560 Pacific Andes 0.220 10.0 11,000 Hong Fok 0.430 7.5 7,740 Guocoleisure 0.615 7.0 6,150 SanTeh 0.590 6.3 8,850 Sunningdale Tech
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    • 165 12 OCT 14 BID PRICE VALUE WEEK-ON-WEEK CHANGE ASL Marine 0.525 15.4 4,725 China Sky Chemical 0.093 13.4 1,581 Mercator Lines 0.132 12.8 5,016 Lippo-Mapletree Trust 0.505 12.2 8,080 Rotary Engineering 0.610 7.0 9,760 Li Heng 0.123 7.0 2,460 CSE Global 0.850 6.9 5,950 Food Empire 0.310 6.9
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    • 145 12 OCT 14 BID PRICE VALUE WEEK-ON-WEEK CHANGE JEL 0.008 100.0 2,000 Jiutian Chemical 0.040 37.9 3,600 Advance SCT 0.017 30.8 1,411 Mirach Energy 0.100 28.2 10,000 China Oilfield Tech 0.038 18.8 2,698 Cosco 1.040 13.7 6,240 HanKore Env 0.047 11.9 4,700 Ausgroup 0.355 10.9 13,135 Top Global
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    • 170 12 OCT 14 BID PRICE VALUE WEEK-ON-WEEK CHANGE Longcheer 0.091 28.2 1,729 Hong Leong Asia 1.680 16.3 11,760 Stamford Land 0.550 10.0 9,900 FJ Benjamin 0.330 8.2 8,250 CDL Hospitality Trust 1.490 8.0 10,430 Singapore Shipping Corp 0.190 8.0 3,990 CWT 1.010 7.4 12,120 Rotary Engineering 0.610 7.0
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    • 1706 12  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying slowed while the selling among directors remained very low, based on filings on the Singapore Exchange in the second week of October. A total of 34
      1,706 words

  • Page 11 Advertisements
    • 232 11 WHAT WILL YOU DO ABOUT IT? ■Z ©W A m yv BE EMPOWERED. There are opportunities in every market. The challenge is discovering where they are. Intelligent investors use Saxo's leading trading and advanced research tools to find them. Backed by our award-winning technology, products and services, Saxo gives you
      232 words


  • Page 13 Advertisements
    • 400 13 I Smarter computing needs smarter clouds. To build a smarter planet, we need smarter computing computing that is designed for big data, tuned for specific tasks and managed in the cloud. Cloud computing, in particular, is a hot topic these days. Many businesses are discovering this new model's power to
      400 words

  • SINGAPORE NEWS
    • 315 14  -  It will hike number of nursing beds from 400 to 600 By MINDY TAN PRIVATELY owned Kwong Wai Shiu Hospital (KWSH) is spending some $70 million in an expansion plan which could make it the largest single site nursing home hospital
      315 words
    • 575 14  -  Leadership based on a cult of personality may be uncommon going ahead By CHEN HUIFEN THE name Steve Jobs might have been synonymous with extraordinary leadership at Apple, but leadership based on a cult of personality may be uncommon going ahead. Michael Jenkins,
      ARTHUR LEE  -  575 words
  • Page 14 Advertisements
    • 176 14 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publ' your Financial Statements MATS NOTICES Slip into sensual sophistication this fall with Blum Co. Bold, poised and polished. Celebrate feminine curves and traditions with a twist with Blum Co's brand new collection of Cheongsams styled for the contemporary
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    • 126 14 OWW CAPITAL PARTNERS managing venture capital investments in Greater China and South East Asia since 1992, wishes to appoint a: VENTURE CAPITALIST Candidates should preferably have a Degree or qualifications in Business/ Finance and have between 3-10 years’ working experience in corporate investments, business development or operations. Besides carrying out
      126 words

  • ACCOUNTANCY HUB
    • 1423 15  -  Though S’pore has the right ingredients to grow the sector, a big challenge is the serious talent shortage. reports LYNETTE KHOO AS increased business and investment activities in Asia generate greater demand for accountancy services, the idea of developing Singapore into an “accountancy entrepot” has gained
      STOCK.XCHNG  -  1,423 words
  • Page 15 Advertisements
    • 534 15 :,'Ii a -t/ ACCOUNTANCY CONVENTION 2011 Infrastructure Exemplar Talent MARINA BAY SANDS EXPO CONVENTION CENTRE Convention: 4 November 2011,8.00 am 6.00 pm (7 CPE Hours) Gala Dinner: 3 November 2011, 6.00 pm -10.00 pm CONNECTIVITY: BRIDGING IDEAS, INFRASTRUCTURE AND PEOPLE Economic Outlook and Business Trends for Asia Pacific THE RIGHT
      534 words

  • VIEWS FROM THE TOP
    • 2716 16 THIS WEEK’S TOPIC: Can Chinese entrepreneurship, within and outside China, be a positive force for global growth? How can Singapore businesses assist and benefit from this growing force? Low Lee Yong CEO/Founder MHC Asia Group CHINA is growing exponentially and will continue to play a major role
      2,716 words

  • Page 17 Advertisements
    • 111 17 Finance new opportunities That’s what commercial lenders can do when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world come to us to manage virtually every kind
      111 words

  • Page 18/19 Advertisements
    • 120 18/19 H 9 m vs U o mm mm M rr ml it #3 Ja 2 lr nr pMlfcMl -.rtsss^® <*?, t|». ill 1 rlh ■liia hi an a II •SJh P 1 I LI x s mi itCLLLLLL \f 1 1 i 1 111 P» ■.29§e~ *g%r.K |J> V U
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 862 20  -  MINDY TAN highlights various methods that will help you in making better investment decisions MINDY TAN PLAYWRIGHT and writer Kin Hubbarb once said: “The safest way to double your money is to fold it over and put it in your pocket.” Wise words in
      862 words
    • 1007 20  -  SMU graduate Spencer Li, a proprietary trader, tells TEH SHI NING trading is not all risky gambling STARTING YOUNG TEH SHI NING TENNIS and trading have a good deal in common, says Spencer Li of his two passions. To the tennis spectator or passive
      1,007 words
    • 310 20 ASK DR INVEST Q: Are there options or warrants to purchase in the SGX? What is the minimum sum to start investing in them? Can you provide a practical example of how it works? I think they are a relatively cheaper way to invest than
      310 words
  • Page 20 Advertisements
    • 324 20 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
      324 words

  • Page 21 Advertisements
    • 166 21 makes sense Get up to M A i I on International Roaming when travelling abroad with Matrix In today's corporate world every second and cent counts. In such times staying connected abroad should not come at a heafty price. That's where Matrix country specific post paid connections come in. With
      166 words

  • ECONOMY WATCH
    • 752 22 There is a growing concern of a corporate exodus if economy worsens NYT [MADRID] With Spain struggling to escape the European debt crisis and facing the threat of another recession, strapped companies in the country are increasingly looking abroad for new business and financing
      NYT; BLOOMBERG FILE PHOTO  -  752 words
    • 567 22 Strong capital ratios offer little protection to troubled banks Reuters [NEW YORK] The failure of Franco-Belgian bank Dexia despite a capital ratio well in excess of minimum capital requirements is a glaring example of how prominent metrics such as core Tier 1 capital
      Reuters  -  567 words
  • Page 22 Advertisements
    • 1213 22 (&}/@;&^(+`~~&}*.^.;+(*%&=<\{/> IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BLUE MOUNTAIN PTE. LTD. COMPANY REG. NO. *****8794R (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company deemed held on 13 October 2011, the following resolutions were duly passed:1. SPECIAL
      1,213 words
    • 569 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF COMPAGNIE FINANCIERE SINGAPORE PTE. LTD. COMPANY REG. NO. *****4767Z (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company duly convened and deemed held by way of a teleconference on 15 October
      569 words
    • 28 22 BUSINESS OPPORTUNITY Singapore Licensed Insurance Broking firm for sale or joint venture with ongoing business. Interested, kindly email: anvoon88@yahoo.com Mcapital Pte Ltd WIN100 FANTASTIC GIFTS WORTH $30,000! MENSHEALTH.COM.SG
      28 words

  • MALAYSIA/INDONESIA
    • 578 23  -  They can tap economic opportunities with strong shareholders and healthier balance sheets MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent ACCORDING to a news report in the latest issue of The Edge weekly, Malaysia’s central bank is considering allowing a more flexible cap on
      578 words
    • 374 23 Trade minister cites global economic uncertainties Reuters Bloomberg [KUALA LUMPUR] Indonesia will lower its 2012 export growth outlook to between 10-15 per cent from 15-20 per cent previously due to global economic uncertainties, the country’s trade minister said on Saturday. “If previously
      Reuters; Bloomberg  -  374 words
    • 1833 23 VOL Oct 14 RM +/-(‘000) A M Realty 0.42 unch 0 Abric Bhd 0.28 -0.01 34 Advance Synerg 0.18 unch 1290 Adventa Bhd 1.53 -0.07 38 Ae Multi Hldgs 0.20 unch 121 Affin Holdings 2.92 0.01 672 Ahmad Zaki Res 0.67 unch 151 Aic Corp 1.15 unch 0
      1,833 words
    • 449 23 Central bank gives nod for negotiations for 3-month period Reuters [KUALA LUMPUR] Malaysia’s RHB Capital Bhd and OSK Holdings Bhd have received approval from the central bank to start talks on a possible merger of RHB’s banking group with OSK’s investment bank.
      Reuters  -  449 words
  • Page 23 Advertisements
    • 309 23 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School NANYANG EXECUTIVE MBA Global Leadership for the Asian Century k A Diana The Director-Legal Prudential Asset Management (S) Ltd 2>--> tSJ m. J Wharton UNIVERSITY of PENNSYLVANIA as; University of California Berkeley Haas School of Business 2«o5 Information Session Wed, 19 Oct 2011,7-9pm The
      309 words

  • GREATER CHINA/INDIA
    • 479 24 Turnover rose 34.7% as manufacturing facilities operated at record high AFP [NEW DELHI] India’s largest private firm, Reliance, reported last Saturday that quarterly net profit surged by nearly 16 per cent, helped by strong fuel refining margins which offset lower gas
      AFP  -  479 words
    • 386 24 AP [BEIJING] Premier Wen Jiabao has promised China’s struggling exporters a stable exchange rate in a move that might fuel tensions with Washington over Beijing’s currency controls as the global economy weakens. Mr Wen’s pledge, reported by the official Xinhua News Agency and state
      AP  -  386 words
    • 333 24 Reuters [BEIJING] India is playing with fire by agreeing to explore for oil with Vietnam in the disputed South China Sea, a major Chinese newspaper said yesterday, advising the Indian company to reconsider and pull out. India’s state-run explorer Oil and
      Reuters  -  333 words
    • 418 24 AFP [BANGALORE, India] A powerful former leader of a southern Indian state was arrested last Saturday on accusations of taking kickbacks in exchange for illegally selling government land. The former chief minister of Karnataka, B S Yeddyurappa, surrendered to authorities in state capital
      AFP  -  418 words
  • Page 24 Advertisements
    • 1511 24 _;(;?[@^/%!&}|~'^/=`'.)?':->)}. SCINTRONIX CORPORATION LTD. Registration No. *****1719E (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Scintronix Corporation Ltd. (“the Company”) will be held at 101 Seletar Club Road, Seletar Country Club, Kingfisher III, Singapore *****3 on Monday,
      1,511 words
    • 323 24 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF WMC TRADING PTE LTD (IN COMPULSORY WINDING UP) (Co. Reg. No: *****2845G) NOTICE OF DIVIDEND Name of Company: WMC Trading Pte Ltd (In Compulsory Winding Up) Address of Registered Office: C/o 47 Hill Street #05-01 SCCCI
      323 words

  • WORLD
    • 610 25  -  It cites remedial actions in dealing with radioactive fallout from stricken plant By ANTHONY ROWLEY By in Tokyo MUCH criticised for its initial handling of the Fukushima nuclear power plant crisis in March, Japan has earned praise in a new report from the International
      610 words
    • 535 25 AFP [YEONGAM, South Korea] Double world champion Sebastian Vettel won the Korean Grand Prix in crushing fashion yesterday to help his Red Bull team retain the Formula One constructors’ title after a dominant season. Just a week after cruising to third place
      AFP; PHOTO: AP  -  535 words
    • 405 25 Reuters [BANGKOK] Floods swamped another industrial estate in central Thailand yesterday and threatened a bigger one just outside here, which has so far escaped the worst despite heavy monsoon rain and water streaming toward it from the north. Factory Land in
      Reuters  -  405 words
    • 556 25 Pimco manager’s call on US Treasuries has been criticised Reuters [NEW YORK] Bill Gross, manager of the world’s largest bond fund, apologised to his investors late Friday for his poor performance, saying: “I’m just having a bad year.” In a Special Edition letter
      Reuters  -  556 words
  • Page 25 Advertisements
    • 231 25 I i--fv 2^5 All-in return fare from Bandung: Experience scenic Kawah Putih, a volcanic lake where the water reflects vibrant hues. Exclusive MasterCard® Privilege Book now and enjoy extended travel dates up to 29 th February 2012, exclusive to MasterCard holders only. These promotional fares are only applicable to payments
      231 words

  • AVIATION/SHIPPING
    • 691 26 Weak freight rates spurring firms to consolidate to cut costs: bankers Reuters [NEW YORK] The global shipping industry could see robust dealmaking activity in the coming years as weak freight rates caused by vessel overcapacity spur firms to consolidate to cut costs and
      Reuters  -  691 words
    • 603 26 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, rose to its highest in over 10 months on Friday although the pace of gains slowed. Brokers said growing vessel supply, which was outpacing commodity demand,
      Reuters  -  603 words
    • 435 26 Bloomberg [MELBOURNE] Salvage teams are preparing to empty oil from a stranded container ship off New Zealand’s north-eastern coast as volunteers clean up crude washed onto beaches, the government said. Weather conditions were forecast to remain calm yesterday, allowing the
      Bloomberg; AP  -  435 words
    • 599 26 Bloomberg [DALLAS] Delta Air Lines Inc will invest US$100 million at New York’s LaGuardia Airport, part of the United States’ busiest aviation market, when the carrier completes a trade of takeoff and landing slots with US Airways Group Inc. The transaction should
      Bloomberg  -  599 words
    • 395 26 Bloomberg [SYDNEY] Qantas Airways Ltd, which has been forced to ground planes and cut flights as a result of labour strikes in Australia, sees no quick resolution to the dispute with the unions, chief executive Alan Joyce said. Workers from the
      Bloomberg  -  395 words
  • Page 26 Advertisements
  • Page 26 Miscellaneous
    • 343 26 CRYPTIC CROSSWORD Across 1 Be aware of rise in value (10) 6 Selectively taste wife’s dish (4) 10 Heard Queen’s restricted by unusual diet (5) 11 Very operatic melody changing into something slightly different (9) 12 Food time (8) 13 River awfully fast these may help (5) 15 Appeared to
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  • DINING OUT
    • 831 27  -  Chef Nguyen Quoc Nam aims to show Singaporeans that there’s more to the cuisine than spring rolls and pho, says GEOFFREY EU NEW RESTAURANT Annam Vietnamese Cuisine Shaw Centre, #02-11 1 Scotts Road Tel: 6735-6656 www.annam.com.sg AFTER a peripatetic career and an extended absence from the
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  • Page 27 Advertisements
    • 334 27 &nn Celebrate Diwali at Rang Mahal Present your loved ones and esteemed guests with Rang Mahal's intricate box collection fillhandcrafted mitthai sweets. A hallmark of our tradition and pride for 4 decades in authentic flavours. I The collection is available for purchase at Rang Mahal in Pan Pacific Marina. For
      334 words

  • SINGAPORE STOCKS
    • 8564 28 Week ended: Oct 14 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 12 8Telecom 12.5 unch 2 12.5 12.5 12.5 15.5 7.8 4.9 2.6 59.9 9.5 4.1 A-Sonic 4.6 -0.4 152 5
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    • 1679 29 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 $mil 34 13 t 800 Super 14.5cd +0.9 313 15.5 14 14.3 14.9 4.7 3.8 5.6 25.9 5.5 2.5 t AA Grp 2.5 2.1 2.9
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    • 116 29 Stock name Close Change CapMallsAsia 1.270 -0.010 CapitaLand 2.520 CapitaMall 1.860 -0.020 CityDev 9.960 -0.040 ComfortDelGro 1.350 +0.005 DBS Grp 12.220 +0.160 F&N 5.990 +0.120 GLP 1.605 +0.010 Genting SP 1.620 +0.020 Golden Agri 0.630 +0.010 Stock name Close Change HK Land 4.700 -0.280 JMH 50.100
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    • 2617 29 Transaction date: Oct 14 HONG KONG Vol HK$ +/-'000 Aeon Credit 5.40 unch 0 Aeon Stores 17.00 unch 0 Angang Steel 5.23 -0.42 ***** Anhui Conch 25.65 -0.50 ***** Anhuiexpresswa 4.29 -0.05 703 Asia Satellite 14.52 -0.38 11 Asm Pacific 83.95 1.45 850 Bank Of E Asia 25.45
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    • 254 29 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A38 36 46 3.6 9.2 3 99 53 25.5 Genting HK US$ US28.5 +1.5 *****4 29 26.5 28 28.5 1876.6 18 10 OGL Resources
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    • 186 29 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 3 0 0 0 11 2 3 Manufacturing 133 37 23 12 8 10 145 45 33 Commerce 44 16 11 5 4 5 49 20 16 Tpt/Stor/Comms 35 5 6
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    • 921 29 SGX ETF 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 119xd -4 9 121 119 118 120 543.2 1261 856 CIMBAsean40 100US$ US946 +39 101 956 910 947
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    • 123 29 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 174,022 174,022 573,922 573,922 Manufacturing 1,109,793 85,941 1,195,734 995,140 982 996,122 Commerce 676,112 21,599 697,711 657,644 1,166 658,810 Tpt/Stor/Comms 775,632 10,942 786,574 1,013,002 806 1,013,808 Finance 101,638 108 101,746 908,239 21 908,260 Construction 138,334 40,188
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  • Page 29 Advertisements
    • 26 29 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 30 In local curr In S$ In US$ dy yr dy yr dy yr Oct 14 Index Change Change Change Change Change Change World Index Preliminary 817.7 0.6 -8.9 -0.3 -8.9 0.9 -7.8 EAFE Preliminary 687.1 0.4 -14.2 -0.2 -12.8 1.0 -11.7 Europe Preliminary 1020.8 1.1
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    • 77 30 CRUDE OIL PRODUCTS Oct 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.34 -0.83 WTI (Near Mth) 84.52 -0.84 Dubai (1-Mth F) 103.63 0.12 Tapis blend 119.12 0.15 Minas 112.12 0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.89 0.25 Jet Kerosene 122.10 0.35 US$/barrel Opec Oil
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    • 107 30 Oct 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1270.00 1257.00 1275.75 1249.00 Jan 12 1278.50 1266.75 1283.75 1258.25 Mar 12 1285.75 1274.00 1290.00 1265.50 May 12 1289.00 1276.75 1291.75 1268.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 11 53.20
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    • 83 30 Oct 14 Oct 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 12.01.2012 0.23 1-Year BY*****X 02.05.2012 0.22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.60 103.63 103.63 5-Year N*****0W 1.125 01.04.2016 102.70
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    • 445 30 Oct 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4700 0 1092 Mar12 99.3950 0 3968 Jun12 99.3600 0 1451 Sep12 99.3350 0 759 EUROYEN TIBOR FUTURES Dec11 99.6725 100 2179 Mar12 99.6700 0 2378 Jun12 99.6725 0 1470 Sep12 99.6700 0 610 Dec12 99.6700
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    • 118 30 As on 14 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1684.50 1666.10 1675.80 1668.7 Silver DEC-11 32.255 31.635 32.045 31.675 CURRENCY US Dollar-Jap Yen DEC-11 77.27 76.80 77.13 76.81 Euro-US Dollar DEC-11 1.3884 1.3731 1.3867 1.3758 Aust-US Dollar DEC-11 1.0247
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    • 151 30 Oct 15 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 11 423.9 423.5 423.5 2 257 Dec 11 424.5 396 Jan 12 424.5 237 Feb 12 426.0 148 Mar 12 428.8 242 Apr 12 431.7 123 May
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    • 70 30 Oct 14 99.7% Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2199.10 2176.25 3 months 2225.00 2207.00 Copper, Grade A (US$/tonne) Cash 7532.50 7293.25 3 months 7545.00 7310.00 Lead (US$/tonne) Cash 2006.25 2021.50 3 months 2026.00 2036.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • 84 30 Oct 14 Oct 14 COCOA (£/tonne) Close Prev High/Low Dec 11 1706 1687 1714/1682 Mar 12 1723 1705 1733/1700 May 12 1738 1722 1748/1718 Jul 12 1751 1738 1760/1735 COFFEE (US$/tonne) Close Prev High/Low Nov 11 2008 1983 2018/1980 Jan 12 2031 2004 2040/2002 Mar 12 2052 2025 2059/2025
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    • 2176 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 100 1 150 45 52.50 31 ASJ Hldgs W*****1 0.5 1 4 36 6.60 4 AlliedTech W*****2 1.7 1 4 25 Aztech Grp W*****3 0.4 -0.2
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    • 464 30 Oct 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.041 6.509 0.741 7.940 50.091 90.413 0.786 11.801 3.196 1.283 88.351 44.275 1.296 8.025 0.917 30.916 31.465 0.647 1.021 Canada 0.961 6.255
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    • 154 30 Oct 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2948 1.2963 1.0205 1.0210 Canadian dollar 1.2442 1.2458 0.9806 0.9813 Euro 1.7469 1.7482 1.3768 1.3770 NZ dollar 1.0087 1.0101 0.7950 0.7956 Sterling pound 2.0004 2.0020 1.5766 1.5769
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    • 82 30 Oct 14 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 138 30 Oct 14 GOLD (US$/oz) Oct 14 Oct 13 Hong Kong 1680.00 1679.00 Oct 13 Oct 14 London 1660.09 1671.39 1661.20 1672.20 Source: Thomson Reuters CAST BAR Oct 14 (S$) Selling Buying Kilobar 73,269.32 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 164 68 5gm 466 341 10gm 832
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    • 57 30 Oct 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 2855 2888 2888 2855 1606 8743 Dec 11 2858 2906 2906 2858 ***** ***** Jan 12 2873 2915 2918 2869 6597 ***** Feb 12 2885 2928
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    • 29 30 Oct 14 Oct 14 Open High Sett STI Oct 2744 SIMSCI Oct 313.9 315.5 313.8 Taiwan Oct 261.6 263.4 260.2 Source: MF Global (S) Pte Ltd
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    • 22 30 Oct 14 S$ Bid Offer 1-month 1.2687 1.2695 2-months 1.2686 1.2695 3-months 1.2680 1.2689 6-months 1.2653 1.2666 Source: OCBC
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    • 161 30 Oct 14 Bid $S Offer Bid 0vernight 0.02 0.01 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.07 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.60 0.40 6 months 0.80 0.60 9 months 0.95 0.75
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    • 121 30 As at 9am Oct 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.325 1.262 Can dollar 1.268 1.22 Euro 1.784 1.716 Sterling pound 2.042 1.964 NZ dollar 1.038 0.989 US dollar 1.293 1.244 Local dollars to 100 units of foreign
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  • 5101 31 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
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  • Page 31 Advertisements
    • 41 31 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 To All Shipping Advertisers: Please call Joe Wong at 9620 1327
      41 words

  • Page 32 Advertisements
    • 65 32 Shipping lines seeking reliable Can they find your services here in the Shipping Times? [•I* I kH ¥K\ H i W M THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers n Can they find your services here in the
      65 words
    • 18 32 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES
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  • Page 33 Advertisements
    • 98 33 9m m j <% lV\e t\da o* .^SSSSSr**" -sffSSS— S^-0^ e O'NPP <% e S5S, Xx •Jit m 4/ iSV Ofce, 0 VV 3* i v 5 '5 B^" «> tfj- X,' It ••< ws Vtx >» 0* 5* Xs; Wj, lea^eX />ix, 'v. m rW r r Xv X
      98 words
  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 922 33  -  S’pore mobile software firm aligns itself closely with the region’s operators By VICTORIA HO IT has taken years for local mobile software firm Mozat to see its products take off in a big way, but CEO and founder Michael Yin said its time
      922 words
    • 391 33  -  It counts Microsoft among its investors By AMIT ROY CHOUDHURY SINGAPORE start-up Affle, a mobile media company, has secured a US$10 million investment from D2 Communications (D2C), one of Japan’s largest mobile advertising companies. Earlier this year, D2C had made a token investment
      391 words
    • 225 33  -  By DOLLY CHIA JUNGLE Ventures has announced an investment of $1 million in Cinemacraft, a Singapore-based mobile media solutions provider. The venture capital firm has partnered well-known independent investors, including Jayesh Parekh, founder of Sony Entertainment Television; Jai Maroo, director of Shemaroo Entertainment; Devesh Chetty, former
      225 words
    • 889 34  -  Schneider Electric says 10-40% savings in electricity bill is possible, reports AMIT ROY CHOUDHURY IN a poll conducted recently by Schneider Electric, 76 per cent of government chief information officers and IT managers in Asia-Pacific said they recognised the need for an ICT (infocomm
      889 words
    • 356 34  -  By VICTORIA HO ASIA-PACIFIC data centre hardware expenditure is expected to reach US$16.9 billion in 2011, up 19.8 per cent over last year, according to Gartner. The IT analyst firm said in its latest forecast that the region’s data centre growth continues to
      356 words
    • 479 34 Reuters [BANGALORE] Google Inc is likely to emerge as a “top mobile play”, according to Wall Street analysts, with several raising their price targets on the stock, some by as much as 10 per cent. Shares of Google were up
      Reuters  -  479 words
    • 562 34  - Putting ideas in a nutshell in three minutes Start-ups impress with presentations at Techventure By DOLLY CHIA IT was a once-in-a-lifetime opportunity for 22 start-up tech companies as they summarised their worldchanging ideas into a three-minute pitch to the likes of Eduardo Saverin, co-founder of Facebook, and Morten Lund, chairman
      562 words
    • 579 34 AP [NEW YORK] It wasn’t just the latest iPhone that drew people to Apple stores on Friday. Many consumers waited in lines for hours sometimes enduring chilly temperatures and overnight thunderstorms to remember Steve Jobs, Apple’s visionary who died on Oct 5. The
      AP; AFP  -  579 words
    • <what’s up>
      • 51 34 COMMUNICATIONS vendor Juniper Networks has appointed Douglas Murray, previously senior vice president and general manager of its security business unit, as senior vice president for Asia-Pacific. Based in Singapore, Geoff Thomas and Kevin Ackhurst have been appointed vice presidents of enterprise sales and partner sales,
        51 words
      • 63 34 NOKIA has begun selling its Meego-po wered N9 mobile handset (right). It will be available in three colours black, cyan and magenta and will come in two storage options of 16Gb and 64Gb. The smaller storage model will retail for $799 and the
        63 words
      • 47 34  -  Compiled by VICTORIA HO THE Privacy and Data Protection Singapore 2011 event is happening on Nov 11 at the Amara Hotel. It will gather speakers from Deloitte Malaysia, Rajah and Tann, and the offices of privacy commissioner in New Zealand and Australia.
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