The Business Times, 6 August 2012

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Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, August 6, 2012
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  • 826 1  -  Economists point to continuing eurozone crisis, renewed fears of global slowdown By TEH SHI NING [SINGAPORE] Singapore is set to announce better final Q2 GDP figures than the quarterly contraction flash estimates showed, but this may not bring much cheer after global
    AFP  -  826 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,051.33 +52.84 KL COMP 1,635.04 +10.10 NIKKEI 225 8,555.11 -11.53 HANG SENG 19,666.1 +391.20 SET INDEX 1,197.53 +19.52 JAKARTA COMP 4,099.81 +15.60 MANILA COMP 5,285.91 +66.36 SEOUL COMP 1,848.68 +19.5 SHENZHEN B 577.91 -5.37 MUMBAI IND 17,197.90 +358.80 DOW 13,096.17 +20.51 NASDAQ 2,967.90 +9.81 S&P
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    • 18 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 0.50 TAIWAN 5.036 JAPAN 1.475 KOREA Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.553 1.936 EURO (US$/S$/€) 1.221 1.522 Foreign currency per US$ S$ YEN 78.20 62.70 RM 3.134 2.513 HK$ 7.755 6.220 BAHT 31.60 25.34 RUPIAH 9,475 7,599 RENMINBI 6.373 5.112 INDIAN RUPEE 55.98 44.90 A$ 0.951 0.763 NZ$ 1.227 0.984
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  • 1051 1  -  Independent directors emit sigh of relief By KENNETH LIM [SINGAPORE] The High Court’s recent acquittal of two former board members of Airocean Group may make it harder to prosecute independent directors of Singapore-listed companies, observers said. While Chief Justice Chan Sek
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  • Page 1 Advertisements
    • 117 1 DINING OUT Waving the flag for modern Brit fare PAGE 22 COMMENTARY F&N may lose draw as property play PAGE 2 VIEWS FROM THE TOP Singapore’s main demographic challenges PAGES 12-13 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail
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    • 10 1 YOUNG INVESTORS’ FORUM Creating value for the firm PAGE 11
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  • TOP STORIES
    • 913 2  -  Without APB, soft drinks, dairy operations, its popularity among fund managers may wane COMMENTARY WONG WEI KONG News Editor WITH a nod to Heineken’s offer to buy its stake in Asia Pacific Breweries (APB) for $5.1 billion or $50 a share last Friday,
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    • 822 2  -  Company sitting on $228m paper loss for 22% stake in F&N By WONG WEI KONG [SINGAPORE] For the Thai entities which started the ball rolling in the Asia Pacific Breweries (APB) saga, it’s a curious situation to say the least: a listed company is
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    • 869 2  -  Investors will be looking to Europe’s efforts to save euro WALL STREET INSIGHT By ROB CURRAN LAST week central banks kept their cash-filled bazookas at their sides and stock market bulls may have raised the white flag were it not for the late
      AFP  -  869 words
    • 630 2 Q2 GDP figure may not bring much cheer SINGAPORE is set to announce better final Q2 GDP figures than the quarterly contraction flash estimates showed, but this may not bring much cheer after global macro data and policy statements last week reinforced fears of a global slowdown and
      630 words
    • 661 4  -  Airlines face severe yield pressures due to rising capacity, anaemic economies By VEN SREENIVASAN [SINGAPORE] Despite signs of a medium-term recovery, the global air cargo industry continues to face severe yield pressures brought on by rising capacity and anaemic global economic growth.
      FILE PHOTO  -  661 words
    • 681 4  -  Epi Mobile Health wants to expand to SE-Asia then Asia By LYNN KAN [SINGAPORE] In this day and age, smartphones are near and dear to people’s hearts. And a Singaporebased medical device company, Epi Mobile Health Solutions, intends to bring people’s hearts even
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  • Page 2 Advertisements
    • 42 2 GROUP TOUR SPECIALIST Retreats Meetings Team Building Incentive Tours East West Malaysia Hong Kong Indonesia Thailand Vietnam Cambodia Macau China We are looking forward to get a challenging assignment from you Luxury Tours Travel Pte Ltd mice@luxury.com.sg S www.luxury.com.sg Tel: 6309 0850
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  • Page 3 Advertisements
    • 58 3 WHERE DREAMS ARE BUILT -L I ill Singapore’s Top Scorers PSLE 2011 Students who attended classes at The Learning Lab 8 of 17 That’s the mind-boggling proportion of the best and brightest minds in PSLE 2011 who attended classes at The Learning Lab. THE LEARNING LAB NURTURING FUTURE LEADERS NEW
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 222 5 Millions sleep soundly knowing that their insurance needs are in the very best of hands. Yes, millions of people from over 170 countries look to us for understanding on how to protect themselves from risk and achieve peace of mind. It's a responsibility we take very seriously. Which is why
      222 words

  • COMPANY NEWS
    • 642 6  -  Region resilient but not immune to further slowdown in global growth By MALMINDERJIT SINGH MORGAN Stanley has downgraded its outlook for Asean markets for the second half of this year, as it lowers its earnings per share (EPS) growth outlook and increases its bear scenario
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    • 576 6 At a glance Three months ended June 2012 Six months ended June 2012 NET PROFIT CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) TURNOVER DBS Group 1,743.0 1,542.0 13.0 4,101.0 3,747.0 9.4 810.0 735.0 10.2 1,945.0
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    • 1776 6  -  INSIDE MARKETS By ROBERT HALILEE The writer is managing director, Asia Insider Ltd Director activity was low for the third straight week with only four companies that recorded 10 purchases worth $1.58 million. There were no sales by directors. Buy figures were sharply down from
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    • 97 6 In the black In the red 11 73 As of Friday, 84 SGX-listed companies had released their financial results for the second quarter ended June 2012. They recorded a combined S$4,650.6m in group profits. The breakdown is as follows No with profits 73 No with losses 11
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    • 96 6 In the black In the red 16 84 As of Friday, 100 SGX-listed companies had released their financial results for the six months ended June 2012. They recorded a combined S$11,749.9m in group profits. The breakdown is as follows No with profits 84 No with losses 16 I
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    • 1290 9  -  Freight Links CEO Eric Khua tells MANO SABNANI how the group is using its core logistics operations base to build new businesses COMPANY INSIGHT MANO SABNANI Mano Sabnani, a veteran writer, editor and investment advisor, wrote this piece based on a case study he completed
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    • 147 9 COMPANY MEETING PLACE DATE TIME RH Petrogas E 20 Harbour Drive PSA Vista #06-03 07-Aug 9.30am Sun East Grp S 168 Robinson Road Capital Tower Level 9 FTSE Room 10-Aug 10.00am HLN Technologies E Seminar Room Keppel Club Bukit Chermin Road 10-Aug 11.30am WeiYe Hldgs E 17 Kian
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    • 299 9 Aug 3 BANKS Agricultural Bank Of China 5.5 Agricultural Bank Of China 5.5 Banco Bilbao Vizcaya 6 Bangkok Bank Public Co. Ltd 6 Bank Julius Baer Co. Ltd 5 Banco Bilbao Vizcaya Bank of China Limited 5.5 Bank of Communications 5.5 6 Bank of New Zealand 6.25
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  • Page 7 Advertisements
    • 474 7 CONGRATULATIONS TO LEY CHOON GROUP HOLDINGS LIMITED ON ITS DEBUT ON THE MAINBOARD OF THE SINGAPORE EXCHANGE Microtunneling on NEWater pipe installa?on Asphalt pre-mix manufacturing plant No. 4 Sungei Kadut Street 2 Singapore *****6 www.leychoon.com Build. Renew. Recycle. Airport taxiways maintenance works Ley Choon Group Holdings Limited is one of
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  • SINGAPORE MARKETS
    • 570 8  -  STOCKS R SIVANITHY Senior Correspondent IT’S difficult to foresee much change to the outlook for equities from a week, a fortnight, a month or even three months ago. Greece may appear to have been saved but then again, it might not since the new
      570 words
    • 576 8 CURRENCIES Reuters [NEW YORK] The US dollar and yen tumbled on Friday after a report showing the US economy added the most jobs in five months in July dampened demand for traditional safe-ha-ven currencies. The euro headed for its best one-day rise
      Reuters  -  576 words
    • 606 8 COMMODITIES AFP [LONDON] Global commodity markets mainly fell in subdued trade this week as investors expressed disappointment at the lack of central bank action to kickstart the struggling global economy. “Commodity prices have broadly eased over the past week. Macro factors, in particular
      AFP  -  606 words
    • 1581 8 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 12.95 1.42 1.31 Amtek Engineering Ltd 1.67 1.67 6 0.07 7.30 0.87 0.61 ARA Asset Management 1.38 1.38
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    • 4 8 WEEKLY
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    • 66 8 Aug 3 VALUE CLOSE BT OB/OS -24.00 +171.0 BT CADI -*****.00 +80.0 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 702.64 +3.95 FTSE ST Small Cap 460.03 +1.69 FTSE ST All Share 737.17 +3.69 FTSE ST China Top 202.76 +1.21 FTSE ST China 222.48 +0.40 FTSE
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    • 57 8 VOLUME Golden Agri 328,263,000 TT Intl 325,247,000 GSH Corp 308,227,000 Genting SP 275,365,000 HLH Grp 257,306,000 Sunmoon 173,761,000 Sakari 142,607,000 SingTel 130,715,000 Noble Grp 126,719,000 NexGenSCom 107,060,000 VALUE($) SingTel 462,685,827 Genting SP 356,009,505 DBS Grp 272,199,449 OCBC Bk 263,756,074 UOB 254,459,134 Golden Agri 239,198,308 Keppel Corp 235,034,103
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    • 108 8 BY CENTS CLOSE UP DBXT E50 10US$ 3346 351.5 9.2 IS S&P500 ***** 315.4 1.9 DBXT USDIGInfl 5US$ ***** 276.8 0.8 JSH 3292 219.4 5.6 JMH 5340 211.9 3.3 IS DJ US Tech 7180 210.7 2.4 DBXT MSKorea 10US$ 5413 157.1 2.4 Jardine C&C 4714 154.0 3.4 DBXT MSAsExJp
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    • 121 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -279.2 -1.4 Pru 500US$ 1000 -187.0 -13.0 DBXT STGLDv100 10US$ 2663 -155.8 -4.5 Asia Pac Brew 4950 -50.0 -1.0 DBXT S&P Short 10US$ 3706 -49.9 -1.1 F&N.ES.1208 814 -27.0 -3.2 SATS 254 -27.0 -9.6 F&N 815 -25.0 -3.0 OCBC Bk 4.5%NCPS 100
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    • 5 8 WEEKLY
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  • Page 9 Advertisements
    • 43 9 o CJ u n c 13 <1 j 0 n j UjFIND THE ONES J THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruitd>sph.com.sg to advertise. WATS I RECRUIT V 1 cJ rvJ V 1 o
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    • 96 9 Ill SINGAPORE MEDIATipp* 2 LECTURE 2012 The Man in the Middle: Lessons Learnt for International Mediation Speaker Mr S R Nathan Former President of the Republic of Singapore Wednesday, 29 August 2012 5.00 pm to 7.30 pm (Registration starts at 4.30 pm) Venue Supreme Court Auditorium Level B2, 1 Supreme
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  • SINGAPORE NEWS
    • 1378 10 Payment Ex Books Pay Ann (cts) date close date date AEM Hldgs aw 0.350 01-Aug 03-Aug 17-Aug 14-May AIMS AMP Cap I REIT ag 2.500 30-Jul 01-Aug 18-Sep 19-Jul Ascendas REIT ES ad 0.030 23-Jul 25-Jul 28-Aug 18-Jul Ascendas REIT ES ao 1.770 23-Jul 25-Jul 28-Aug 18-Jul Ascott
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    • 377 10  -  Minister to focus on improving chances of second-timers in getting BTO flats By MALMINDERJIT SINGH SINGAPOREANS should be prudent and realistic about their finances given the uncertain global economic conditions. Minister for National Development Khaw Boon Wan sounded that caution yesterday as
      LIANHE ZAOBAO  -  377 words
    • 814 10 ASK Question: I am a director of an S-chip company. I have been following the China Sky saga closely. What is the implication of the recent court decision involving the Singapore Exchange (SGX) and China Sky’s independent director? Does it mean a director can be
      814 words
  • Page 10 Advertisements
    • 1169 10 I L W J Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices (VSTl POPULAR HOLDINGS LIMITED I I (Company Registration No. *****7187M) (Incorporated in Singapore) g. z. z_s NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Popular Holdings Limited (the "Company") will be held on
      1,169 words
    • 101 10 HAVE a pressing question about a corporate-law-related issue that your company is facing? Lawyers from Stamford Law will provide their expert advice and answers to your queries on a weekly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and include particulars such
      101 words
    • 24 10 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES CLA/30MAR05/GAN
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 991 11  -  Entrepreneurs need to have an understanding of value and of the business that they are buying By NICHOLAS BRAY ECONOMIC crises are not without a silver lining for those who can recognise a good deal. Amid the wreckage of recession, “there are plenty of opportunities
      STOCK.XCHNG  -  991 words
    • 1155 11  -  But Mervin Yong tries to limit his losses as his risk appetite is not high, reports WANG XIN MIN reportsWANG STARTING YOUNG WANG XIN MIN JUDGING by his lifestyle and investment portfolio, one would conclude that 24-year-old Mervin Yong Wei Yang has been bitten by
      ARTHUR LEE  -  1,155 words
  • Page 11 Advertisements
    • 31 11 If you’re between the ages of 17 and 30, and think you’ve got an interesting investing or entrepreneurial story to share, do email btyif@sph.com.sg with ‘Starting Young’ in the subject heading
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    • 157 11 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
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  • VIEWS FROM THE TOP
    • Article, Illustration
      3899 12 THIS WEEK’S TOPIC What are Singapore’s main demographic challenges as they relate to business and the economy, and to Singapore’s well-being generally, and how can these be resolved? John Keung CEO Building and Construction Authority IMPROVED accessibility in the built environment for everyone is increasingly relevant to Singapore’s
      FILE PHOTO  -  3,899 words

  • Page 13 Advertisements
    • 245 13 Jobs updated EVERY MINUTE A world of options at your fingertips. Sales Executive Sales Manager Sales Director Marketing Executive Marketing Manager Marketing Director Account Executive Account Manager Account Director Finance Executive Finance Manager Financial Controller Customer Service Executive Customer Service Manager Customer Service Director FIR Executive FIR Manager FIR Director
      245 words

  • ECONOMY WATCH
    • 567 14 US stock funds see more redemptions as investors turn defensive ahead of Fed and ECB meetings Reuters [NEW YORK] Lower risk US bond funds once again reigned supreme on growing concerns over policy actions, or lack thereof, to bolster faltering economies, data
      Reuters  -  567 words
    • 578 14 The cash-for-gold sector in Italy is poorly regulated AFP [AREZZO, Italy] Italy’s traditional goldsmiths are up in arms over a boom in the poorly regulated cash-for-gold sector that is making billions for the mafia as hard-up Italians rush to sell off
      AFP  -  578 words
    • 789 14 It is now the subject of praise from eurozone leaders Reuters [DUBLIN] On Europe’s battered bond markets, Ireland has found it doesn’t take much to stand out from the crowd. Anaemic growth and slow progress towards stabilising its debt mountain have been enough
      Reuters; AP  -  789 words
    • 923 14 Its head says he can see signs of change in Pyongyang Reuters [SEOUL] Capitalism, in hermit North Korea, is normally associated with moral and economic ruin. The Korea-born American who heads Pyongyang’s only private university is trying to change that. He
      Reuters; REUTERS  -  923 words

  • MALAYSIA
    • 719 15 Bonus payments to civil servants and pensioners won’t raise deficit this year [KUALA LUMPUR] Malaysia’s target for a reduction in fiscal deficit this year is on track, said Prime Minister Najib Razak. He said the details will be revealed during the
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    • 375 15 [KUALA LUMPUR] Eastern Oriental Bhd (E&O) will be launching three more condominium projects with a total gross development value of about RM1 billion (S$397 million), within the next six months, Malaysia’s Business Times reported. The projects will include the first phases
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    • 1669 15 VOL Aug 3 RM +/-(‘000) A M Realty 0.50 unch 10 VOL Advance Synerg 0.17 0.01 2305 Adventa Bhd 1.85 unch 62 Ae Multi Hldgs 0.21 unch 49 Affin Holdings 3.63 -0.02 253 Ahmad Zaki Res 0.68 -0.02 105 Abric Bhd Airasia Bhd 3.71 -0.01 1834 Alliance Finan
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    • 621 15  -  MALAYSIA INSIGHT PAULINE NG KL Correspondent RAFIZI Ramli knew they would come for him. The strategic director for Parti Keadilan Rakyat and his counterparts in the federal opposition Pakatan akyat had been waiting for the men in blue to show
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  • Page 15 Advertisements

  • GREATER CHINA/INDIA
    • 553 16 IPOs no more an attractive option for them amid slowing stock markets Reuters [HONG KONG] When US private equity firm Carlyle Group sold its stake in a Chinese chemicals maker to a rival producer recently, the deal underscored how funds are
      Reuters  -  553 words
    • 596 16 It initiated a deal to share exploitation rights with China AFP [BRUSSELS] Greenland is a frontier El Dorado with untapped reserves of critical rare earths under the Arctic ice-cap but a nimble China has already stolen a march in getting access,
      AFP  -  596 words
    • 445 16 AFP [NEW DELHI] India’s economic growth could fall to near 6 per cent this year with the country facing the spectre of its third drought in a decade, a top government policymaker says. In the last few months, the outlook for the once-booming economy
      AFP; AP  -  445 words
    • 653 16 US concerned by the increase in tensions in South China Sea AFP [BEIJING] China’s newest city might appear to be a tranquil outpost in the South China Sea, but the beaches and palm trees of Sansha are at the heart of a growing territorial dispute.
      AFP  -  653 words
  • Page 16 Advertisements
    • 1010 16 STRATECH SYSTEMS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****8251Z) NOTICE OFEXTRAORDINARYGENERALMEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the shareholders of Stratech Systems Limited (the “Company”) will be held on Tuesday, 21August 2012 at 9.00 a.m. at Function Room 1, 31
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  • WORLD
    • 839 17 Bond market holds key to the survival of Europe’s currency and governments NYT [LONDON] James Konrad, a bookish 27-year-old with a polite manner, used to make a living at a sports betting company, weighing the odds of muddy terrain affecting the sure-footed-ness
      NYT  -  839 words
    • 628 17 AFP [MADRID] For the government, it’s a target for crisis taxes and cuts like any other: the subsidised arts industry. For actors, artists and audiences, it’s Spain’s moral lifeblood, bleeding away in the recession. The arts in Spain including the big film sector that
      AFP  -  628 words
    • 680 17 Even prudent firms unable to compete with German rivals ANALYSIS Reuters [MILAN] Italy’s “war” with international debt markets has sent borrowing costs soaring for its traditionally prudently managed private companies, stifling their efforts to invest in competing more strongly with rivals in Germany and
      Reuters  -  680 words
    • 494 17 Reuters [BERLIN] Italy needs moral support from Germany but not its cash, Prime Minister Mario Monti said in an interview published yesterday as German conservatives renewed calls for Greece to leave the eurozone. The Italian leader also told weekly magazine Der Spiegel
      Reuters  -  494 words
    • 481 17 Reuters [BERLIN] Politicians in Germany’s ruling centre-right coalition have expressed renewed concerns about an increased role for the eurozone’s permanent bailout fund, which is at the centre of a court case after the German parliament approved it in basic form. German Foreign Minister Guido
      Reuters  -  481 words
    • 777 18 Brits are peeling away US readers as they make inroads into the US market AFP [WASHINGTON] The British are coming, not by land or by sea, but on the Internet. British media have been making inroads into the US market by invading online space,
      AFP  -  777 words
    • 498 18 He expects trouble as users won’t have control over data AFP [WASHINGTON] Steve Wozniak, who co-founded Apple with the late Steve Jobs, predicted “horrible problems” in the coming years as cloud-based computing takes hold. Mr Wozniak, 61, was the star turn at the penultimate
      AFP  -  498 words
    • 764 18 AP [TOKYO] Worn out and resigned to its dwindling national status, Japan Inc is said to be quietly shuffling off the world stage. But don’t tell that to Kenji Hasegawa who is ready to conquer the global auto market with his nifty
      AP  -  764 words
    • 533 18 But new CEO may face challenges in rebuilding the bank Reuters [TOKYO] Japan’s financial regulator handed Nomura Holdings the lightest possible sanction for its involvement in a string of insider trading cases, marking a key turning point in a costly scandal for
      Reuters  -  533 words
    • 1133 19 Target only cronies who benefited from ties to junta, he says AFP [YANGON] N energy magnate lauded as a rare “legitimate” tycoon in cro-ny-dominated Myanmar has quietly lobbied for an end to Western sanctions except those targeting cronies who flourished under military rule. Michael Moe Myint
      AFP  -  1,133 words
    • 650 19 AP [WASHINGTON] The relentless, weather-gone-crazy type of heat that has blistered the United States and other parts of the world in recent years is so rare that it can’t be anything but man-made global warming, says a new statistical analysis from a
      AP  -  650 words


  • Page 19 Advertisements
    • 1891 19 >*• WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LOVELY LAND PTE LTD REG. NO. *****1522W (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held
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  • LONDON OLYMPICS 2012
    • 428 20  -  They were crushed 0-3 in the quarter-finals by defending champions China yesterday By LEE U-WEN [SINGAPORE] Outfought. Outclassed. And now, out of the Olympic Games. Singapore’s table tennis men’s team is heading home after being crushed 0-3 in the quar-ter-finals by the top seed and
      PHOTO: MUGILAN RAJASEGERAN/ THE STRAITS TIMES  -  428 words
    • 728 20 AP [LONDON] When Jessica Ennis slumped to the track, so happy she was sobbing, the stadium announcer proudly informed an ecstatic crowd that her heptathlon title was Britain’s first Olympic track and field gold medal in London since 1908. That was
      AP  -  728 words
    • 545 20 Restaurants, shops still waiting for promised gold rush of customers from the Games AFP [LONDON] With its half-empty restaurants and calm streets, central London looks more like a ghost town than an Olympic city, and recession-hit traders are still waiting for the promised gold
      AFP  -  545 words
    • 465 20 Williams sisters retain the women’s doubles crown for the US Reuters AFP LONDON] Britain’s Andy Murray completed an astonishing recovery from last month’s Wimbledon heartache to beat Switzerland’s Roger Federer and claim Olympic gold on Centre Court yesterday. Exactly four weeks after Federer
      Reuters; AFP  -  465 words
    • 698 20 AFP [LONDON] Michael Phelps walks away from the greatest Olympic career in history with no regrets, summing up a journey that yielded 18 gold medals in the simplest of terms: “I did it.” “Through the ups and downs, I have achieved
      AFP  -  698 words

  • AVIATION/SHIPPING
    • 922 21 Passenger numbers set for record growth, doubling within five years NYT [JAKARTA] Indonesian airlines are poised for rapid growth, but a lack of critical infrastructure and trained personnel may keep the industry from reaching anticipated heights, experts say. The total number of fliers is expected
      NYT  -  922 words
    • 456 21 Reuters [COPENHAGEN] The head of Danish shipping and oil group AP Moller-Maersk said that the performance of its container shipping arm had been disappointing but the group’s strategy was paying off and the business should be better positioned a year from
      Reuters; BLOOMBERG  -  456 words
    • 815 21 Its ships are taking to the seas with colourful new IDs Reuters [LONDON] New names for Iran’s oil tankers are part of its national tanker comp a n y NIT C s d e f e n ce against tighter United
      Reuters  -  815 words
    • 251 21 SGX '000 Aug 3 S$ +/-Vol CH Offshore 0.40 unch 62 Chuan Hup Hldg 0.23 0.01 102 Cosco Corp 0.98 0.03 6939 S$ Ezra Hldgs 1.01 0.01 7435 First Ship Lea 0.15 unch 653 Freight Links 0.07 unch 950 Grand Banks 0.24 -0.01 175 Jaya Hold Ltd 0.56
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    • 3387 26 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 21 Advertisements
    • 20 21 Interviewwith chairmanof Joyoungwhich holds 70% ofsoyamilk machine market share inChina in China To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 21 Miscellaneous
    • 352 21 CRYPTIC CROSSWORD Across 1 Lie about London’s food (4,3) 5 Iris maybe making bread (7) 9 A cost involved over a black pepper sauce (7) 10 Pasta and beans (7) 11 A couple of tomatoes added to stew creates an awkward situation (3,6) 12 River horse, so to speak (5)
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  • DINING
    • 1001 22  -  The Royal Mail is unequivocally for meat-lovers, says CHEAH UI-HOON CHEAH UI-HOON The Royal Mail Restaurant Bar Ascott Raffles Place Singapore, 2 Finlayson Green Tel: 6509 3589 Opening hours: 12pm–3pm, 6:30pm-11pm (Mon-Fri), 6:30pm-11pm (Sat) WE'RE halfway into the Olympics, and in case watching all those superb
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  • Page 22 Advertisements
    • 1362 22 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices POPULAR HOLDINGS LIMITED (Company Registration No. *****7187M) (Incorporated in The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 20 Old Toh Tuck Road, Singapore *****5 on Friday, 24
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    • 94 22 Wine, Dine Hospitality Highlights WEEK ENDS. Indulgence begins. Laze, graze, forget week days. Gourmets can now give themselves over to pure culinary pleasure all weekend long at Conrad Centennial Singapore. Afternoon Delight Lobby Lounge $45++ per person* 1pm to 5pm (avail. Sat Sun) Oscar's Sunday Amazing Graze $78++ $148++ per
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  • SINGAPORE STOCKS
    • 2922 23 Week ended: Aug 3 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote Div GrYld 132 92.5 AIMSAMPIReit 130.5 +3 2280 131 126.5 130 130.5 6.4 12.5
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    • 248 24 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.8 unch 3749 1.9 1.7 1.8 1.9 23.8 Vol Week Last Quote Div Gr Yld Net
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    • 112 24 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.670 +0.020 CapitaLand 3.120 +0.070 CapitaMall 1.990 +0.020 CityDev 11.730 +0.050 ComfortDelGro 1.700 +0.010 DBS Grp 14.750 +0.060 F&N 8.150 GLP 2.330 +0.040 HK Land 6.130 -0.040 JMH 53.400 +1.800 JSH 32.920 +1.050
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    • 2231 24 Transaction date: Aug 3 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.42 unch 0 Aeon Stores 22.50 0.50 13 Angang Steel 3.95 -0.20 ***** Anhui Conch 20.80 -0.25 9031 Anhuiexpresswa 3.42 -0.12 834 Asia Satellite 20.55 unch 0 Asm Pacific 91.85 -2.65 558 Bank Of E Asia 26.95
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    • 216 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 28.5 AVJennings A29.5 +0.5 44 29.5 29.5 28 39 3.6 11.9 2.4 76.8 43.5 25.5 Genting HK US$ US33.5 +2.5 ***** 33.5 31 33 33.5 2205.8
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    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 5 1 0 0 0 11 5 1 Manufacturing 89 68 28 14 9 9 103 77 37 Commerce 42 23 12 3 5 5 45 28 17 Tpt/Stor/Comms 25 15 4
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    • 1085 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 114.4 ABF SG Bond ETF 120.1 -0.7 38 121.9 120 118.5 123 548.2 126.8 122.2 CIMB APAC Div 100S$D 126.8 +0.7 1 126.8 126.8 126.1
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    • 123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 72,904 72,904 367,304 367,304 Manufacturing 1,155,173 305,174 1,460,347 1,057,999 6,843 1,064,842 Commerce 1,300,529 25,589 1,326,118 485,458 1,431 486,889 Tpt/Stor/Comms 489,469 87,617 577,086 901,282 24,318 925,600 Finance 120,743 12,010 132,753 855,051 4,961 860,012 Construction 497,656 70,911
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  • Page 24 Advertisements
    • 26 24 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
    • 641 25 Aug 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8539.71 8565.06 8513.20 Sep12 8630.00 8685.00 8500.00 8555.00 ***** *****2 Dec12 8505.00 8505.00 8460.00 8490.00 9 ***** MSCI TAIWAN INDEX FUTURES SPOT 255.60 255.67 253.45 Aug12 252.50 253.50 251.70 252.50 4985 *****9 Sep12 251.90
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    • 373 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 3 Index Change Change Change Change Change Change World Preliminary 889.7 1.8 7.2 1.6 2.2 2.1 6.6 EAFE Preliminary 710.9 1.4 4.2 1.6 -1.7 2.1 2.5 Europe Preliminary 1082.4 2.8 5.4
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    • 101 25 As on 3 August 2012 WWWMwc.camjt rwmui t [CnT.A.r MOt* ‘D* QilK rtli ••.Uci PHKiOU* MH4* ui all fin INDIA1.CUO t. UV«U nojnrur oCRuti Min' tr'.ti. It**) nun MJCIh 61 «r ummwcv ruiMM uii 4^ IJ/fJ n«l ii«) UAat MtlAi r cvm me MIX uv A|(T1 IMOkA
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    • 107 25 Aug 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 12 1656.25 1653.00 1669.50 1639.25 Sep 12 1635.75 1623.50 1645.25 1609.25 Nov 12 1628.75 1616.50 1638.50 1602.25 Jan 13 1625.00 1610.25 1634.00 1598.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 12 52.04
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    • 70 25 CRUDE OIL PRODUCTS Aug 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.75 0.29 WTI (Near Mth) 87.20 -1.60 Dubai (1-Mth F) 101.61 -0.47 Tapis blend 109.60 1.51 Minas 110.45 1.51 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.00 2.78 Jet Kerosene 121.51 0.81 US$/barrel OpecOil Basket
      70 words
    • 22 25 Aug 3 S$ Bid Offer 1-month 1.2466 1.2470 2-months 1.2465 1.2470 3-months 1.2463 1.2467 6-months 1.2452 1.2457 Source: OCBC
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    • 64 25 Aug 3 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1825.50 1804.00 3 months 1860.00 1840.00 Copper, Grade A(US$/tonne) Cash 7440.75 7322.25 3 months 7445.00 7330.00 Lead(US$/tonne) Cash 1883.25 1842.75 3 months 1895.00 1854.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 80 25 Aug 3 COCOA (£/tonne) Close Prev High/Low Sep 12 1648 1649 1669/1637 Dec 12 1630 1630 1651/1616 Mar 13 1606 1607 1629/1590 May 13 1602 1603 1626/1585 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2224 2229 2237/2193 Nov 12 2201 2199 2205/2171 Jan 13 2170 2165 2174/2139 Mar 13 2160
      80 words
    • 1082 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 456 6.75 21 Conv Ratio Exer Baker Technology Ltd W*****6 0.8 -0.7 305 1 32 4 39.38 3 Prem Best World Intl Ltd W*****5 0.6
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    • 470 25 Aug 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.056 6.699 0.861 8.151 58.843 99.592 0.822 11.926 3.293 1.290 99.356 44.002 1.310 8.752 1.034 31.506 33.213 0.677 1.051 Canada 0.947 6.346
      470 words
    • 72 25 Aug 3 iusi) 1 mil i V mtlA S imtu Bltllln 13—r, V2*EJ1 C 11V, 0«($4V HIJKj jsbw; i h>oy. DltZSt V rr.n: c ih:i>3 ll.trfTtui i.m r 'r.ji' 9HW (M?H i ifitk 3 mil 4 <JA i m.: mini bmih* u 1 Z 0.1?7*’ 5«AF Mduini tSSI T
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    • 133 25 Aug 3 GOLD(US$/oz) Aug 02 Aug 03 Hong Kong 1612.00 1601.00 Aug Aug 03 Aug 02 London 1600.76 1593.39 1601.53 1594.61 Source: Thomson Reuters CAST BAR Aug 03 (S$) Selling Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 437 320 10gm 780 640
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    • 94 25 Aug 3 Aug 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 01-Nov-12 0.23 6-Month BS*****Z 24-Jan-13 0.23 1-Year BY*****T 02-May-13 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.1 100.15 100.15 5-Year
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    • 61 25 Aug 3 PALM OIL Aug 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 2913.0 2910.0 2916.0 2905.0 23 1938 Sep 12 2919.0 2920.0 2936.0 2907.0 578 ***** Oct 12 2935.0 2946.0 2950.0 2913.0 ***** *****
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    • 154 25 Aug 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3101 1.3108 1.0509 1.0512 Canadian dollar 1.2410 1.2420 0.9960 0.9955 Euro 1.5220 1.5226 1.2209 1.2210 NZ dollar 1.0156 1.0167 0.8147 0.8153 Sterling pound 1.9357 1.9368 1.5528 1.5532
      154 words
    • 122 25 As at 9am Aug 03 Aug Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.336 1.273 Can dollar 1.270 1.210 Euro 1.556 1.482 Sterling pound 1.974 1.899 NZ dollar 1.040 0.991 US dollar 1.267 1.219 Local dollars to 100 units of
      122 words
    • 154 25 Aug 3 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 1/8 US$ 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
      154 words

  • Page 26 Advertisements
    • 59 26 Experienced sH s p maintenanc services wanted. Can they find your services Here in the Shipping Times? TO ADVERTISE, CALI IOE WONG AT 9620 1327 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
      59 words
    • 18 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 27 Advertisements
    • 172 27 TO ADVERTISE IN The Business Times Shipping times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Announce\bur Corporate Developments Come publicise your Corporate Developments, Corporate Image, Company Anniversaries, Award Wins
      172 words

  • BizIT
    • 863 28  -  Genesys says companies must use this powerful channel which has shifted the balance of power to customers, reports AMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY CAN organisations keep on ignoring the importance of social media as a channel to engage customers and other
      863 words
    • 379 28  -  By VICTORIA HO MALAYSIAN hosting provider, Exabytes, launched its cloud hosting service in Singapore last week. The SME has been around since 2001 and owns data centre infrastructure in its home country, as well as in Singapore and the US. While it has traditionally
      379 words
    • 774 29  -  Too many security threats lead to apathy, US expert tells VICTORIA HO THE security industry shouldn’t raise the alert about every vulnerability it detects, said Howard Schmidt, the former top IT security adviser to US President Barack Obama. he familiarity that we have today
      774 words
    • 724 29  -  SSH’s universal key manager helps in compliance NEWS ANALYSIS By CLEMENT TEO PUBLIC key cryptography is a common method for secure access to information over an unsecured network. This involves issuing “security keys” one public and one private for users to access servers, and
      724 words
    • what’s up
      • 40 29 SAMSUNG has launched its EX2F camera here, a Wi-Fi enabled point-and-shoot with a large aperture f/1.4 lens. The camera can shoot 12 megapixel photos while video is being captured simultaneously, and goes for $699.
        40 words
      • 55 29 CLOUDFX, a tech advisory firm, has appointed three senior managers for its Singapore headquarters. Chris Kelly is the new vice-president and chief operations officer. Jim Wagstaff is the vice-president and chief sales officer, and Laxman Bhatia is the new vice-president and chief
        55 words
      • 36 29 JABRA’S new Halo2 headset has been launched in Singapore in white. The Bluetooth stereo headset allows users to turn it on and off by folding it. It is priced at $148.
        36 words
      • 47 29  -  Compiled by VICTORIA HO SONY’S Xperia Ion, Acro S and Go devices have launched in Singapore. The Ion retails for $798 and comes in black. The Acro S goes for $698 and the Go goes for $488. All three are Android smartphones.
        47 words
    • 876 29  -  <you say> By LOREN SHUSTER The author is Google’s country director for Singapore ASIA has undergone tremendous social and economic growth in recent years, but it also remains one of the most vulnerable to natural disasters. Over 90 per cent of people
      876 words
    • 532 29 Bloomberg [SAN FRANCISCO] An Apple Inc marketing executive revealed the company’s reliance on free press coverage and product placement as it unveiled its case to jurors in the first week of a multibillion-dollar pa-tent-infringement trial against Samsung Electronics. Apple accuses
      Bloomberg  -  532 words
  • Page 28 Advertisements
    • 841 28 SERIES Effective Leadership Customer Service Skills AUGUST 2012 FULL-DAY WORKSHOPS 27 Aug, 2012 (Mon) 23 Aug, 2012 (Thu) Unlock Your Personal Charisma The Unspoken Secret of the Successful SPH News Centre (9.30am to 6.00pm) Who should attend: What you will learn: How to connect with anyone (including difficult people) and
      841 words


  • Page 30 Advertisements
    • 192 30 Montblanc® V-5 •*CV wv!S X' ■x. nn "fft > ■'V *s m-; A «a Sv6& I ,<r s O' as ja 'S a LH. 'i 4 n. cn ttl o 4 i H ?v3 Sr cS o •1*!*' *fn. m c 7- y? V V A mad f//0 M r
      192 words