The Business Times, 7 May 2012

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, May 7, 2012
    25 words
  • 677 1 Sarkozy on the brink as another crisis casualty, in French presidential election Bloomberg AFP Reuters [ATHENS] Greeks went to the polls yesterday in national elections that may determine whether the country has a future in the euro area and could spark off
    Bloomberg; AFP; Reuters  -  677 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 2,990.59 +9.01 KL COMP 1,591.04 +23.24 NIKKEI 225 9,380.25 -140.64 HANG SENG 21,086.00 +344.55 SET INDEX 1,227.41 +15.63 JAKARTA COMP 4,216.68 +52.70 MANILA COMP 5,297.55 +128.50 SEOUL COMP 1,989.15 +13.8 SHENZHEN B 676.23 +4.99 MUMBAI IND 16,831.08 -356.26 DOW 13,038.27 -190.04 NASDAQ 2,956.34 -112.86 S&P
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    • 18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 0.50 TAIWAN 5.035 JAPAN 1.475 KOREA Source: Bloomberg
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    • 49 1 us$ s$ US$ (S$ per US$) 1.242 (US$/S$ per 1.618 2.008 EURO (US$/S$/E) 1.314 1.631 Foreign currency per US$ S$ YEN 80.20 64.60 RM 3.039 2.447 HK$ 7.761 6.252 BAHT 30.97 24.94 RUPIAH 9,212 7,420 RENMINBI 6.305 5.079 INDIAN RUPEE 53.85 43.37 A$ 0.975 0.785 NZ$ 1.252 1.008
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  • 1015 1  -  Some firms put expansion plans on hold as lorries and vans become more expensive By JOYCE HOOI [SINGAPORE] Soaring certificate of entitlement (COE) premiums are bearing down on businesses and forcing them to put the brakes on growth. Since the start of the
    ALPHONSUS CHERN/THE STRAITS TIMES  -  1,015 words
  • Page 1 Advertisements
    • 240 1 DINING OUT Octaphilosophy revisited PAGE 23 VIEWS FROM THE TOP Tackling rising prices pages 12-13 BizIT No network woes for new fibre player PAGE 29 YOUNG INVESTORS’ FORUM Finding growth in value, and value in growth PAGE 10 BT ONLINE BT print subscribers get free access to BT Online at
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  • TOP STORIES
    • 324 2 Biz expansion to slow as COE rises SOARING certificate of entitlement premiums are bearing down on businesses and forcing them to put the brakes on growth. FRONT PAGE Greeks vote with euro’s future at stake GREEKS went to the polls yesterday that may determine if the country has
      324 words
    • 770 2  -  Productivity holds key as businesses contend with cost pressure, consumers face higher prices COMMENTARY TEH SHI NING Correspondent TAMING inflation appears to be the economic policy priority of the moment. Yet, as Singapore restructures its economy, some seepage of higher costs into prices
      770 words
    • 914 2  -  These are the fuel efficient ones, says former CEO of NOL By LYNN KAN [SINGAPORE] Ron Widdows may now be an entire continent apart from the Neptune Orient Lines office in Alexandra Road that he used to occupy, but he still has strong opinions about
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    • 308 2 Bloomberg [SAN FRANCISCO] Facebook Inc received a “buy” recommendation from Wedbush Securities Inc and a target price of US$44, its first rating since announcing plans to sell shares in a range of US$28 to US$35 in an initial public offering (IPO). Facebook, owner
      Bloomberg  -  308 words
    • 701 4  -  French, Greek polls may deal a big blow to recovery in US and other markets WALL STREET INSIGHT By ROB CURRAN WHETHER or not the adage “sell in May and go away” curses the market for a third year running may depend on European
      701 words
    • 759 4  -  Process in better reaching out has to be ‘calibrated’ By LEE U-WEN [SINGAPORE] The last 12 months since Singapore experienced its most eventful general election in history would be best described as an “awakening phase of sorts”, said
      FILE PHOTO  -  759 words
    • 2644 4 Payment Ex Books Pay Ann (cts) date close date date 8Telecom Intl bn 0.053 30-Apr 03-May 21-May 05-Apr ABR Hldgs ak 1.000 04-May 08-May 28-May 13-Apr Action Asia ak 0.800 14-Jun 18-Jun 28-Jun 28-Mar Adampak Ltd ak 1.000 08-May 10-May 25-May 01-Mar Adv Integrated Mft ak 0.180 07-May
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  • Page 2 Advertisements
    • 43 2 LGT your private bank in Asia. Integrity. Stability. Performance. Combining traditional private banking with state of the art investment advice. Singapore, Phone +65 64 15 38 00 Hong Kong, Phone +852 2868 0201 www.lgt.com 4 25 S Yeas g Asia LGT Private Banking
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  • Page 3 Advertisements
    • 179 3 And all across America... From the north to the south of Asia... In every corner of Europe... ii --.4 »n li u L •JL Z vj .JITS' i ilciu f-.y~ fSal ]7 r-T, t «n r r I i-1 1 1 z Z I Z z hsr 7 r- 1
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  • Page 4 Advertisements
    • 158 4 TMC Academy Open up career possibilities with an MBA from University of Aberdeen s I ft p UNIVERSITY of ABERDEEN ABOUT THE UNIVERSITY Founded in 1495 ■/5 Nobel Prizes awarded for work carried out or begun at Aberdeen 90% of research activity is of international quality •/Over 150 taught masters
      158 words

  • COMPANY NEWS
    • 730 5  -  STI’s performance in May over the past 20 years has been mixed: DMG data By LYNETTE KHOO WARY investors staying on the sidelines may turn the old adage of “sell in May and go away” into a self-ful-filling prophecy. Worries
      Source: DMG & Partners Securities  -  730 words
    • 275 5 COMPANY MEETING PLACE DATE TIME Lung Kee A Victoria Room, 2nd Floor, Mandarin Oriental Hotel, 5 Connaught Road Central, Hong Kong 07-May 3.00pm AAT Corp G Nicols Brien Level 2 350 Kent Street Sydney Nsw 2000 Australia 07-May 11.00am Fujian Zhenyun A 382 Havelock Road, Riverview Hotel, Orchid
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    • 423 5 CH Offshore boosted its profit for the third quarter by some 57 per cent and doubled its cash-hoard, thanks to gains from the sale of a vessel, strong contributions from associates and continuing buoyancy in demand for offshore and marine (O&M) vessels. On
      423 words
    • 291 5 May 4 BANKS Agricultural Bank Of China 5.5 Agricultural Bank Of China 5.5 Banco Bilbao Vizcaya 6 Arab Bank PLC Bank Julius Baer Co. Ltd(S) 5 Banco Bilbao Vizcaya Bank of China Limited 5.5 Bank of Communications 5.5 6 Bank Julius Baer Co. Ltd(S)... Bank of New
      291 words
    • 1984 7 INSIDE MARKETS The writer is managing director, Asia Insider Limited TRADING by directors plunged last week with only seven companies that recorded nine transactions worth $2.6 million, based on filings on the Singapore Exchange during the holiday-shortened week of April 30 to May 4. The
      1,984 words
  • Page 5 Advertisements
    • 47 5 A//j> Europe's Best Airline r r BUSINESS CLASS Full flat-bed seats, best in-flight entertainment and Flying Chef service. Fly to more than 200 destinations via Istanbul with our A330-300 and B777-300 ER aircraft. turkishairlines.com 6732 4556 A STAR ALLIANCE MEMBER V>~ Dining room. Living room. Bedroom. AIRLINES
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  • SINGAPORE MARKETS
    • 674 6  -  STOCKS R SIVANITHY Senior Correspondent THERE is a case to be made that because of the current intense interest in micro-caps, a more accurate benchmark of daily activity is the average unit volume traded rather than the Straits Times Index (S I).
      674 words
    • 554 6 CURRENCIES Bloomberg [NEW YORK] The euro slid versus the US dollar by the most in almost a month and reached an 11-week low against the yen after further slowing in the region’s economies and before national elections that may result in
      Bloomberg  -  554 words
    • 572 6 COMMODITIES AFP [LONDON] Most commodity prices sank last week as traders took their cue from weak global data, particularly after Friday’s disappointing payrolls report in major consumer the United States. Job-creation numbers confirmed that the US economy has hit a weak patch in the past
      AFP  -  572 words
    • 1453 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 10.00 11.80 1.42 1.18 Amtek Engg 2.20 2.17 5 0.07 7.85 0.89 0.67 ARA Asset Mgt 1.50 1.50 10
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    • 4 6 WEEKLY
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    • 64 6 May 4 VALUE CLOSE BT OB/OS -415.00-120.00 BT CADI -*****.00-105.00 BT 10-day MA -*****.00 -42.00 FTSE ST Mid Cap 679.85 -5.41 FTSE ST Small Cap 453.70 -1.85 FTSE ST All Share 721.20 -3.04 FTSE ST China Top 215.03 -1.68 FTSE ST China 250.73 -1.04 FTSE ST Catalist
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    • 57 6 VOLUME JEL Corp 1,143,234,000 TT Intl 1,108,556,000 Contel 479,281,000 Plastoform 364,021,000 SingXpress 293,300,000 MDR 273,301,000 IPCO Intl 258,410,000 AddvalTech 257,007,000 HLH Grp 238,581,000 Rowsley 221,017,000 VALUE($) DBS Grp 289,051,350 UOB 220,949,302 SingTel 211,534,273 Noble Grp 182,314,750 Keppel Corp 166,060,561 Genting SP 164,072,190 TT Intl 160,341,988 OCBC Bk
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    • 116 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 801.9 6.0 Lyxor AsiaCS 10US$ 5412 451.8 7.2 IS S&P500 ***** 217.2 1.3 DBXT AUD Bonds 5AU$ ***** 157.9 0.7 DBXT MSEurope 10US$ 4331 84.4 1.6 Lyxor Europe 10 US$ 1203 58.3 4.1 DBXT MSKorea 10US$ 5859 47.2 0.7 DBXT MSTHAI
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    • 133 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -314.0 -1.6 DBXT Nifty 10US$ 9939 -157.6 -1.3 DBXT MSJAP 10US$ 3590 -108.0 -2.4 Asia Pac Brew 3310 -89.0 -2.6 Venture Corp 766 -86.0 -10.1 DBXT iBoxxSing 5SG$ ***** -45.0 -0.4 DBXT MSINDIA 10US$ 774 -41.0 -4.1 Lyxor MS India 10US$ 1229
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    • 5 6 WEEKLY
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    • 1664 8  -  TEH HOOI LING Senior Correspondent WILL the axiom “Sell in May and Go Away” turn out to be good advice again this year? Well, going by the performance of the markets around the world, it does seem that the buying or bullish momentum chalked
      1,664 words

  • Page 7 Advertisements
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  • SINGAPORE NEWS
    • 1436 9  -  Some firms are using environmentally friendlier alternatives in producing annual reports for shareholders, reports ANNA LEE reportsANNA reportsANNA LEE COMPANIES are going green in the current annual report season in more ways than one. With the increasing awareness of environmental damage, companies are shying away
      ARTHUR LEE  -  1,436 words
  • Page 9 Advertisements
    • 304 9 s 1 11 Lli Plug into the latest market news and trade on the move with the SaxoTrader App. To make the right call, you need access to vital information, even when you're on the go. Get markets updates, prices and charts instantaneously on the award-winning SaxoTrader. Now available on
      304 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 975 10  -  MINDY TANfinds out whether value investing and growth investing two strategies in fundamental analysis are suitable for the young investor MINDY TAN WITHIN the canon of fundamental analysis, there are a number of strategies for instance, value and growth investing that investors
      STOCK.XCHNG  -  975 words
    • 1039 10  -  Marcella leverages highly on IT to streamline processes and reduce inefficiencies, reports TIMOTHY LOH reports STARTING YOUNG TIMOTHY LOH IT all started with an ill-fitting shirt. Alvin Teo’s frustration at being unable to find inexpensive shirts that fit well led him and business partner Lai Chang
      ARTHUR LEE  -  1,039 words
  • Page 10 Advertisements
    • 36 10 If you’re 17 to 30 years old and think you’ve got an interesting investing or entrepreneurial journey to share, do get in touch. Email btyif@sph.com.sg, with “Starting Young” in the subject header, to tell us more
      36 words
    • 162 10 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      162 words

  • Page 11 Advertisements
    • 651 11 WORKING is a regular newsletter by the Ministry of Manpower (MOM). In this issue, we discuss the re-employment of older employees. Building a globally competitive workforce and a great workplace are MOM’s business outcomes in its vision to develop A Great Workforce; A Great Workplace. Planning And Getting Ready For
      651 words

  • VIEWS FROM THE TOP
    • 2867 12 THIS WEEK’S TOPIC Are there any indications that prices are rising excessively in Singapore and is enough being done to prevent inflation? What more needs to be done, if anything? Liu Chunlin CEO K&C Protective Technologies Pte Ltd FOR us, we face very practical issues of higher
      BLOOMBERG FILE PHOTO  -  2,867 words

  • Page 13 Advertisements
    • 139 13 Tomorrow needs commitment \y'\ V 4' 1 r-: I SSH SSS /I lif-im a SiZ U n is I K Se ,-vas 111 ■C "1*5 s*v? St sa s* iJSSBr m iss t. > TS-T 1 •r *v 8S< h i v <~ ji •.'< !>'■ 1 Vv *'.i Vh
      139 words

  • ECONOMY WATCH
    • 430 14 EU official says balance necessary to lessen the blow of austerity measures Reuters [BRUSSELS] Europe needs to balance cutting its debt with measures to stimulate growth, the region’s top economics official said on Saturday, as austerity threatens to drag the bloc into its second
      Reuters; REUTERS  -  430 words
    • 370 14 Budget to contain belt-tightening, adds Treasurer Swan AFP [SYDNEY] Australia is on track for a modest budget surplus, Treasurer Wayne Swan said yesterday ahead of this week’s unveiling of his fifth budget for the min-ing-powered economy. Australia, which survived the global financial crisis without dipping
      AFP  -  370 words
    • 373 14 Xinhua [SEOUL] South Korea’s economic growth slowed recently because of weak exports caused by Europe’s debt crisis and the region’s economic downturn, a state-run think tank said yesterday. “Our economy recently saw its growth trend delayed somewhat due to slowing exports mainly to
      Xinhua; AFP  -  373 words
  • Page 14 Advertisements
    • 202 14 rjn BuildTechAsk 2012 "“b International Building Technology Expo Incorporating: ConMachAs/o20/2 NewMateAs/a20/2 EleMechAsia20l2 r See the latest showcase of technology innovations for the construction industry Join us this 15-17 May at the Marina Bay Sands Sands Expo and Convention Center, Singapore I 10am to 6pm daily /I/ r* f -V .0
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  • MALAYSIA/INDONESIA
    • 229 15 Xinhua [JAKARTA] A senior official said that Indonesia will begin construction of the Karawang International Airport in 2015 with a capacity of up to 70 million passengers a year to support the country’s existing main gateway, Soekarno-Hatta International Airport, local media reported last
      Xinhua  -  229 words
    • 651 15  -  It was MAS’ unions that made up the government’s mind over fears about the share swap with AirAsia MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent ONE worries for Malaysia Airlines (MAS). The national airline has continued to haemorrhage red ink. In February, it announced a loss
      651 words
    • 573 15 Proceeds used to pay debts and improve capital structure [KUALA LUMPUR] Malaysian construction group MMC Corp could raise up to RM750 million (S$306 million) from the initial public offering (IPO) of subsidiary Gas Malaysia, scheduled soon, analysts told the group.
      573 words
    • 1695 15 VOL May 4 RM +/-(‘000) A M Realty 0.47 unch 0 VOL Advance Synerg 0.18 unch 375 Adventa Bhd 1.40 -0.03 12 Ae Multi Hldgs 0.25 -0.01 139 Affin Holdings 3.09 -0.01 220 Ahmad Zaki Res 0.83 -0.02 132 Abric Bhd Airasia Bhd 3.64 0.04 ***** Alliance Finan
      1,695 words
  • Page 15 Advertisements
    • 525 15 A message from Safe Label Group Pte. Ltd. (the “Offeror”) to Shareholders of Adampak Limited (“Adampak”) THE OFFEROR AS AT 5 P.M. ON 4 MAY 2012, HOLDS OR AGREED TO ACQUIRE APPROXIMATELY 84.26% OF THE TOTAL SHARES 23 DAYS BEFORE THE OFFER CLOSES AT 5.30 P.M. ON 29 MAY 2012
      525 words

  • CHINA/INDIA
    • 753 16 Her visit will also focus on regional security and easing trade restrictions AP [KOLKATA, India] Hoping to wean India from Iranian oil imports, US Secretary of State Hillary Rodham Clinton is urging Indian leaders to explore alternative suppliers as she opens a
      AP  -  753 words
    • 402 16 It challenges Indian patent chief’s order on cancer drug AFP [NEW DELHI] German pharmaceutical giant Bayer AG has challenged a ground-breaking Indian ruling that allowed a local firm to produce a vastly cheaper copy of its patented drug for kidney and liver cancer. India’s
      AFP; REUTERS  -  402 words
    • 368 16 Reuters [BEIJING] The Chinese government has established a goal of having green buildings account for 30 per cent of new construction projects by 2020, according to an official document released yesterday. The document, which was jointly released by the Ministry of Finance and
      Reuters  -  368 words
    • 709 16 AFP [BEIJING] The case of a blind Chinese activist who sparked a diplomatic row with the United States is the latest illustration of the degree of power China’s local authorities have and how it can backfire on Beijing. Chen Guangcheng, who served four
      AFP  -  709 words
  • Page 16 Advertisements
    • 440 16 >® < KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Singapore m M workforce WUA ss™™ CALL FOR PROPOSAL (CFP) The Singapore Workforce Development Agency (WDA) invites prospective providers to submit proposal for: CFP No.: WDA.MCD.25.43.1 .C.V1 Project Title: The appointment of GET Centres and/or Programme Partners to develop WSQ
      440 words
    • 375 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF INTERVEST CAPITAL INVESTMENTS PTE LTD COMPANY REG. NO. *****5767K (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company held at 163 Penang Road #02-03 Winsland House II Singapore *****3 on 8
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  • WORLD
    • 568 17 The country is nuclear power-free for the first time since 1970 Reuters [TOKYO] The shutdown of Japan’s last working nuclear power plant and the government’s failure to convince a wary public about restoring production at dozens of reactors leaves the
      Reuters; BLOOMBERG  -  568 words
    • 241 17 Bloomberg [MELBOURNE] BHP Billiton and Woodside Petroleum are among companies receiving exploration contracts in Australia that will generate A$303 million (S$384 million) in new investment over the next three years, the government said. New offshore petroleum exploration permits have been awarded to eight
      Bloomberg  -  241 words
    • 376 17 Reuters Xinhua [BANGKOK] Thai authorities were investigating yesterday a blast that killed 12 people and wounded at least 105 at one of the world’s biggest petrochemical hubs. Explosions sparked a fire at a chemical factory at the sprawling Map Ta Phut complex Thailand’s
      Reuters; Xinhua; REUTERS  -  376 words
    • 304 17 Reuters [DUBAI] DIFC Investments (DIFCI), the investment arm of the company running Dubai’s financial free zone, has likely sold software company SmartStream Technologies, resulting in a US$68.8 million impairment provision, JP Morgan said in a research note. DIFCI, which has been grappling with a debt
      Reuters  -  304 words
    • 18 17 Branchen Stars R1C-A 26/04/2012 149,62 EUR I db X-MACRO Trading Index Fund I4D 25/04/2012 93,62 GBP
      18 words
    • 555 17 She calls it a great model for the developing world AP [DHAKA] US Secretary of State Hillary Clinton yesterday urged the government of Bangladesh not to do anything that could undermine the effectiveness of the internationally acclaimed microlender Grameen Bank. Ms Clinton told a
      AP  -  555 words
    • 837 18 He recently mulled a US$20b acquisition; won’t buy into Google or Apple Reuters [OMAHA, Nebraska] Warren Buffett tried to allay fears of Berkshire Hathaway Inc shareholders about the company’s future after he was diagnosed with prostate cancer, and revealed that he recently tried
      Reuters; AP  -  837 words
    • 376 18 Bloomberg [SEOUL] South Korea’s Financial Services Commission said it ordered four mutual savings banks to halt operations for six months because they failed to meet the regulator’s financial strength criteria. The regulator told Solomon Savings Bank, Korea Savings Bank, Mirae Mutual Savings
      Bloomberg  -  376 words
    • 394 18 Asia-Pac most optimistic area while Europe is the most pessimistic: Nielsen Bloomberg [LONDON] Global consumer confidence rose in the first quarter as improvements in the US economy and continued growth in Asian markets brought sentiment levels to the highest level since the global
      Bloomberg  -  394 words
    • 719 18 Reuters [MOSCOW] The Russian Black sea resort of Sochi is ready to step into the spotlight as host of the world’s next major sporting event after the London Olympics, 2014 Winter Games chief Dmitry Chernyshenko said yesterday. Sochi, the first Russian city
      Reuters; REUTERS  -  719 words
    • 793 19 President assails Republican candidate’s economic policies Bloomberg [WASHINGTON] President Barack Obama began his re-election bid criticising Mitt Romney by name, assailing the Republican presidential candidate’s economic policies and portraying himself as the protector of the middle class. At rallies in the
      Bloomberg; AFP  -  793 words
    • 466 19 UK PM could face leadership challenge by Christmas, adds Nadine Dorries Reuters [LONDON] British Prime Minister David Cameron could be removed as leader of the Conservatives to prevent the party losing power in the next national election, a maverick lawmaker from his party warned
      Reuters  -  466 words
    • 722 21 Lender is exposed to property crash but its political ties complicate matters Reuters [MADRID] To watchers of Spain’s deeply troubled economy it was a symbolic moment Prime Minister Mariano Rajoy posing for photos with the chairman of Bankia, one of its
      Reuters; AFP  -  722 words
    • 805 21  -  By PAULINE CHIOU The writer is a CNN anchor/correspondent based in Hong Kong. Follow Pauline on Twitter @PaulineCNN. For more business coverage, go to www.cnn.com/business I VISITED the Cambodian Stock Exchange (CSX) last September in the heart of Phnom Penh. It had officially
      805 words
    • 375 21 NYT [NEW YORK] Confronting the worst job market in decades, many college graduates who expected to land paid jobs are turning to unpaid internships to try to get a foot in an employer’s door. Although many internships provide valuable experience, some
      NYT  -  375 words
    • 925 21  -  Ministers call the enhanced safety net shield against crises By ANTHONY ROWLEY in Manila THE Asian Development Bank’s annual meeting in Manila ended at the weekend with warnings of short and longer-term threats to Asia’s economic growth but also with a sense of increased
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    • 517 21 NYT [NEW YORK] After a steady stream of criticism since the financial crisis, Goldman Sachs is trying to burnish its image. Recently, the company’s chief executive, Lloyd Blankfein, gave rare back-to-back televised interviews to CNBC and Bloomberg Television, in which he emphasised
      NYT  -  517 words
  • Page 17 Advertisements
    • 270 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TOWKAY WONG’S HOLDINGS PTE LTD (IN LIQUIDATION) COMPANY REG. NO. *****8286E (IN LIQUIDATION) MADAM WONG’S BAR PTE LTD (IN LIQUIDATION) COMPANY REG. NO. *****0319G (IN LIQUIDATION) SULTAN OF SWING BAR PTE LTD (IN LIQUIDATION) COMPANY REG.
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    • 195 17 The 23rd International Communications and Information Technology Exhibition Conference Asia’s Largest ICT Platform 19-22 June 2012, Marina Bay Sands Over 1,300 international exhibitors from 51 countries Latest revolutionary technologies Fibre’ for NextGen services, cloud services and security, mCommerce, M2M, satellite communications and many others Established and leading exhibitors ADTRAN, AsiaSat,
      195 words

  • Page 18 Advertisements
    • 130 18 >st B6AT3 NOTICES NOTICE TO PREFERENTIAL CREDITORS OF INTENTION TO DECLARE DIVIDEND Name of Company D Y BUILDERS PTE LTD (In Liquidation) Reg. No.*****2586N Address of former registered office 503 Jurong West Avenue 1 #04-845 Singapore *****3 High Court of the Republic of Singapore Companies Winding Up No. 221 of
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    • 195 18 GUANGZHAO INDUSTRIAL FOREST BIOTECHNOLOGY GROUP LIMITED (UNDER JUDICIAL MANAGEMENT) RC No. *****5430G (SGX CODE: G21) Expressions of Interest Yit Chee Wah of FTI Consulting (Singapore) Pte Ltd. was appointed as Judicial Manager of Guangzhao Industrial Forest Biotechnology Group Limited (the “Company”) on 28 March 2012. The Company is listed on
      195 words

  • Page 19 Advertisements
    • 707 19 CUTTING-EDGE STRATEGIES FOR WORKPLACE SUCCESS FULL-DAY WORKSHOPS 11 May, 2012 (Fri) Workshop A 21st Century Sales Leadership Skills SPH News Centre (9.00 am to 5.30 pm) What you will learn: Helping your sales team overcome day-to-day challenges Evidence-based coaching models to support your sales team Getting accountability from your sales
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  • FALL OF MEDIA MOGULS
    • 1125 20 News Corp saga draws parallels with William Randolph Hearst, Conrad Black, Robert Maxwell and Lord Beaverbrook AP [LONDON] IF the phone-hacking scandal gripping Rupert Murdoch’s News Corp empire has a familiar ring, it might be because you’ve heard the story before. Scrappy outsider turns modest
      AP; AP/FILE PHOTO  -  1,125 words
    • 900 20 Reuters [WASHINGTON] The British judicial inquiry investigating questionable reporting practices by Rupert Murdoch’s media properties is unlikely to cooperate with a prominent US senator’s request for evidence of misconduct in the United States, three people familiar with the inquiry said. The sources
      Reuters; AP  -  900 words
  • Page 20 Advertisements


  • AVIATION/SHIPPING
    • 497 22 Its pilots, cabin crew broke rest rules during CNY travel season: regulator Bloomberg [HONG KONG] Hainan Airlines Co, China’s fourth- biggest carrier, was ordered to cut services after pilots and cabin crew violated rest rules, according to a notice from the aviation
      Bloomberg; BLOOMBERG  -  497 words
    • 449 22 Bloomberg [LONDON] British Airways parent International Consolidated Airlines Group SA said the low-cost arm of newly-acquired BMI may be shut down in September in the absence of bids for a division that doesn’t fit with its main operations. There has been
      Bloomberg  -  449 words
    • 982 22 AP [SAVANNAH, Georgia] Before government engineers can deepen one of the busiest US seaports to accommodate future trade, they first need to remove a US$14 million obstacle from the past a Confederate warship rotting on the Savannah River bottom
      AP  -  982 words
    • 693 22 AP [WICHITA, Kansas] Economic turbulence has shrunk the market for business jets, and it’s causing an especially bumpy ride for Hawker Beechcraft. The Wichita, Kan-sas-based aircraft maker filed for bankruptcy protection last week, seeking approval for a plan that would write an estimated US$2.5
      AP  -  693 words
    • 3686 27 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
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  • Page 22 Advertisements
  • Page 22 Miscellaneous
    • 309 22 CRYPTIC CROSSWORD Across 1 Unpleasant food found on most of the ring road (12) 9 Shortly finding barrister after case of intimidation (2,5) 10 Talk nonsense pressure to cause irritation (7) 11 Poor toolmaker ignoring a king’s instruction to musician (7) 12 Professional impression is met without the writer (7)
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  • DINING OUT
    • 732 23  -  NEW MENU Restaurant Andre 41 Bukit Pasoh Road Tel: 6534-8880 Closed on Mondays By Jaime Ee LABELLING a chef an intellectual isn’t necessarily a compliment. There’s a fine line between a chef who’s able to translate metaphysical concepts into cuisine that blows both mind and palate, and one
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    • 398 23 Unparalleled Indulgences For Mum Let Fairmont Singapore play host on 12 and 13 May with a symphony of epicurean selections and one lucky mother gets to walk away with an exquisite pearl necklace worth $588 in a lucky draw. Bubbly brunch at Prego High tea buffet at Asian Market Cafe
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  • SINGAPORE STOCKS
    • 1498 24 Week ended: May 4 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 Last Vol Week Last Quote Div GrYld 123 92.5 AIMSAMPIReit 118xd -2.5 2049 121.5 116.5 118 119 7.1 11.3 523.7 M
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    • 349 25 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 $mil Low Company Last Sale 3.7 1.3 t Advanced System 2.6 -0.3 3629 2.9 2.5 2.6 2.7 34.4 Vol (’000) Week Last Quote Div Gr
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    • 114 25 Stock name Close Change CapMallsAsia 1.475 -0.025 CapitaLand 2.940 -0.040 CapitaMall 1.805 -0.010 CityDev 10.590 +0.150 ComfortDelGro 1.485 -0.015 DBS Grp 14.190 -0.030 F&N 7.060 -0.070 GLP 2.090 +0.030 Genting SP 1.745 +0.005 Golden Agri 0.725 -0.010 Stock name Close Change HK Land 6.220 +0.040 JMH
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    • 2236 25 Transaction date: May 4 HONG KONG Vol HK$ +/-'000 Aeon Stores 23.50 -0.20 31 Angang Steel 5.26 -0.11 7754 Anhui Conch 24.35 -0.15 ***** Anhuiexpresswa 4.30 unch 787 Asia Satellite 22.10 0.05 126 Asm Pacific 106.00 -2.70 445 Bank Of E Asia 29.00 -0.35 2772 Beida Jade Bir
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    • 252 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50.5 31.5 AVJennings A34 +2 4 34 34 32 37.5 3.6 10.3 2.7 88.5 46 25.5 Genting HK US$ US36.5 -1 ***** 37.5 36 36 36.5 2403.3
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    • 186 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 7 0 0 0 0 11 7 0 Manufacturing 72 86 31 14 6 15 86 92 46 Commerce 28 29 17 7 4 5 35 33 22 Tpt/Stor/Comms 15 20 9
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    • 1019 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 112.5 ABF SG Bond ETF 118 -0.3 76 120.5 118 118 118.5 538.6 103 100 CIMB APAC Div 100US$ US103 +0.5 20 103 103 101.6
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    • 123 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 98,879 98,879 262,206 262,206 Manufacturing 2,003,608 790,845 2,794,453 694,738 25,065 719,803 Commerce 3,040,627 175,689 3,216,316 661,352 8,988 670,340 Tpt/Stor/Comms 405,852 76,345 482,197 533,545 25,868 559,413 Finance 104,225 282 104,507 715,995 46 716,041 Construction 635,845 65,915
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  • Page 25 Advertisements
    • 26 25 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
    • 580 26 May 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9397.87 9417.96 9344.53 Jun12 9330.00 9360.00 9185.00 9220.00 ***** *****8 Sep12 9365.00 48 7907 MSCI TAIWAN INDEX FUTURES SPOT 272.45 275.45 272.01 May12 273.80 274.80 270.80 273.30 ***** *****4 Jun12 273.50 273.50 272.00 273.30 0
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    • 373 26 In local curr In S$ In US$ dy yr dy yr dy yr May 4 Index Change Change Change Change Change Change World Preliminary 884.4 -1.4 6.6 -1.4 2.6 -1.5 7.0 EAFE Preliminary 711.6 -1.2 4.3 -1.3 0.7 -1.3 5.0 Europe Preliminary 1043.9 -1.7 1.7
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    • 119 26 As on 4 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1645.60 1628.70 1645.30 114 CURRENCY AUD-USD FUT JUN2012 1.0226 1.0143 1.0142 1494 EUR-USD FUT JUN2012 1.3180 1.3091 1.3087 2207 BASE METAL COPPER FUT JUL2012 8275 8169 8204 2229
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    • 107 26 May 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1475.00 1468.75 1475.00 1458.00 Jul 12 1478.25 1473.50 1481.25 1458.00 Aug 12 1458.25 1452.50 1459.25 1439.00 Sep 12 1398.25 1400.00 1405.75 1385.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 53.30
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    • 76 26 CRUDE OIL PRODUCTS May 3 May CRUDE(FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.70 -1.50 WTI (Near Mth) 102.56 -2.67 Dubai (1-Mth F) 114.20 -1.42 Tapis blend 124.84 -1.46 Minas 124.14 -1.46 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.17 -0.33 Jet Kerosene 131.86 -1.42 US$/barrel OpecOil Basket
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    • 24 26 May 4 S$ Bid Offer 1-month 1.2413 1.2417 2-months 1.2412 1.2417 3-months 1.2411 1.2415 6-months 1.2401 1.2406 Source: OCBC Source: OCBC
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    • 66 26 May 4 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2028.00 2050.75 3 months 2066.50 2090.00 Copper, Grade A(US$/tonne) Cash 8253.50 8284.50 3 months 8175.00 8229.00 Lead(US$/tonne) Cash 2100.25 2083.50 3 months 2105.00 2090.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
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    • 90 26 May 4 CoCoA'<ctitn Clo« Pi*-*. .HiatuiH»v_ Mny i? 1S1! 1517 1517(1503 lul 17 153n 1536 155****** 5n> 1 7 151(1 i^in ******505 Dm 12 1495 1900 1513/14£(1 COFFEE !UM/>—:( Cl0S£ Pm uiniino* May 12 1985 1951 1555/1970 Jul (2 2019 1975 2U3C197S Esp 12 3019 1985 3037/I9SS Men* f
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    • 1315 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 150 295 9.75 24 Baker Technology Ltd W*****6 2.5 0.5 542 1 32 3 13.40 6 Best World Intl Ltd W*****5 0.6 1 30 57 32.50
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    • 470 26 May 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.014 6.468 0.781 7.962 55.247 94.506 0.823 11.617 3.117 1.284 93.080 43.450 1.274 7.927 0.938 29.989 31.771 0.634 1.026 Canada 0.986 6.376
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    • 64 26 May 4 Ilfiil |SJ1 i mill iu>07« i mills Mnu i mills g-itxir IUK»V i milts a.ma M«JN mills 4«i«ni air ft W -“s 11*147* (UBK% iw/ii* aiiK.AiK |SS) o^jo inii.s nairrn 3 mu/ n .ftfSY n€rn r, J&7T GJE.Hi.-i« *3 mlh* SVif, r Mill r.itt*. t iftl c.Uffi
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    • 154 26 May 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2731 1.2741 1.0256 1.0261 Canadian dollar 1.2550 1.2559 1.0110 1.0114 Euro 1.6308 1.6315 1.3138 1.3139 NZ dollar 0.9912 0.9921 0.7985 0.7990 Sterling pound 2.0076 2.0087 1.6173 1.6177
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    • 135 26 May 4 GOLD(US$/oz) May 03 May 04 Hong Kong 1653.00 1639.00 May 04 May 04 May 03 London 1637.70 1633.11 1638.50 1633.87 Source: Thomson Reuters CAST BAR May 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 157 65 5gm 445 326 10gm
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    • 84 26 May 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 02-Aug-12 0.24 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.12 5-Year N*****0Z 2.375 01-Apr-17 108.9 BQ*****W 02-Aug-12
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    • 57 26 May 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3400.0 3385.0 3405.0 3375.0 1102 2290 Jun 12 3392.0 3387.0 3404.0 3345.0 2145 ***** Jul 12 3390.0 3377.0 3395.0 3335.0 ***** ***** Aug 12 3367.0 3352.0
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    • 121 26 As at 9am May 4 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.306 1.244 Can dollar 1.287 1.226 Euro 1.672 1.593 Sterling pound 2.05 1.972 NZ dollar 1.024 0.976 US dollar 1.261 1.213 Local dollars to 100 units of foreign
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    • 154 26 May 4 $S Offer Bid 0vernight 0.03 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.15 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
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  • Page 27 Advertisements
    • 47 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times
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    • 18 27 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. _The Business Times Shipping Times
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  • Page 28 Advertisements
    • 118 28 &{>{<:+-`',]~}_?]"!}}&_,~+,?&+: urgently ra< R ded by shippers Clan -they find your service Here in the Shipping Til ADVERTISE, CALI lOE WONG 9620 1 THE BUSINESS TIMES Shipping Times -s THE RESULTS ARE CLEAR II SPH newspapers are good tools for communicating and displaying companies’ corporate matters and messages. As a
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  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 845 29  -  MyRepublic says it has signed up 1,000 homes in 10 weeks, reports VICTORIA HO reportsVICTORIA Mr Rodrigues: The MyRepublic CEO says his company plans to release a voice service later this year, available as a smartphone app. The voice-over-IP service will allow users
      845 words
    • 845 29  -  As data streams explode, firms like Tibco are providing software solutions By CLEMENT TEO THANKS to a number of factors, including the proliferation of social networking sites like Facebook, the term “Big Data” is a central part of IT conversations. In its simplest form,
      845 words
    • 238 29  -  Partnership protects Facebook users from Internet threats By AMANDA EBER VIRUS infection is a perennial concern for all Internet users, but perhaps they can rest a little easier after Trend Micro announced a new partnership with Facebook last week. Effective from April 25,
      238 words
    • 249 29  -  By AMANDA EBER SINGAPORE has taken yet another step towards becoming a “leading creation economy”, said Tan Choon Shian, deputy managing director of the Economic Development Board (EDB) last week. Speaking at an award recognition ceremony for Chinese IT firm HiSoft Technology International
      249 words
    • 968 30  -  Two-thirds of S’porean companies victims in 2011, says Symantec. By AMIT ROY CHOUDHURY TARGETED attacks on computers and networks are growing, with the number of such attacks increasing from 77 per day to 82 by the end of 2011, according to security company Symantec.
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    • what’s up
      • 47 30 STUART Fisher has been promoted to managing director for Asia-Pacific at IT security firm Sophos. He replaces Rob Forsyth and is based in Singapore. He was the vice-president for sales for the region, and has been with Sophos for over ten years.
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      • 38 30 JESSIE Quek is Lenovo Singapore’s new country general manager. She reports to Koh Kong Meng, general manager and executive director for Lenovo Asean. She will oversee sales across the SMB and consumer segments.
        38 words
      • 42 30  -  Compiled by VICTORIA HO MOTOROLA Mobility has released the Motoactv device, a GPS fitness tracker and MP3 player. It allows users to sync and track workouts to their PCs. The device retails at Newstead outlets at $399.
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    • 279 30 Bloomberg [SAN FRANCISCO] Samsung Electronics Co, sanctioned by a US judge for failing to produce source code, said a ruling last week barring some evidence isn’t central to its defence against Apple Inc in a pat-ent-infringement lawsuit. US Magistrate Judge Paul Grewal wrote
      Bloomberg  -  279 words
    • 926 32  -  Employees have limited awareness and concern about IT issues: British Telecom. JOSHUA TAN reports TANreports JOSHUA TAN SINGAPORE might have the IT infrastructure and systems needed to be a regional digital hub but it still lacks the security systems required to meet the the
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    • 434 32 Nokia a point of entry into cellphone arena for Microsoft Reuters [LONDON] Addressing Nokia Oyj employees in January 2011, chief executive Stephen Elop at that point only four months into the job dramatised the company’s predicament by comparing it to standing on a
      Reuters  -  434 words
  • Page 29 Advertisements
    • 114 29 THE SOUND VISION SPECIALIST AV ONE 2012 COLLECTIONS i f Zikmu designed by Philippe Starck Now: $2,688 Black,White, Red Available Custom AV Room Feature Wall Design AV ONE TOTAL AUDIO VISUALISM" n /(V Sony, Infocus, Panasonic Full HD 3D Projector Made in Japan, From $2,699 $35,000 PMC, Lindemann Hifi/Cinema System
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  • Page 30 Advertisements
    • 386 30 Panasonic ideas for life Panasonic Video Conferencing Trusted by Global Industry Leaders Successful organizations around the world, in every field imaginable, trust Panasonic Video Conferencing to optimize their daily efficiency. IT Services Provider By using Panasonic HD Video Conferencing and High-speed Fibre Broadband internet, Fujitsu was able to save even
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  • Page 31 Advertisements
    • 1678 31 ADVERTORIAL MOST INNOVATIVE USE OF INFOCOMM TECHNOLOGY ICT innovation takes firms to new heights These award-winning companies made their use of technology a success and transformed the backbone of their services to the community means reducing the time-to-market for their products and services to benefit their customers, while, for government
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  • Page 32 Advertisements
    • 99 32 can you get to the cloud instantly? you can And just like that, cloud services clients need, want and will pay good money for. CA Technologies offers turnkey cloud computing solutions that help you bring revenue-producing services to market quickly and build margin. Fast. With our experience working in complex
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