The Business Times, 10 September 2012

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, eptember 10, 2012
    25 words
  • 837 1  -  Incumbents can raise market share in industry dominated by select few By NISHA RAMCHANDANI [SINGAPORE] As French hypermarket Carrefour says its farewells, it opens the door for incumbents to extend market share in an industry already dominated by a select few, as the French
    REUTERS  -  837 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,011.70 -13.76 KL COMP 1,624.55 -21.56 NIKKEI 225 8,871.65 +31.74 HANG SENG 19,802.10 +319.60 SET INDEX 1,246.10 +18.62 JAKARTA COMP 4,143.68 +83.35 MANILA COMP 5,201.32 +5.13 SEOUL COMP 1,929.58 +24.5 SHENZHEN B 582.71 +10.46 MUMBAI IND 17,749.60 +320.10 DOW 13,306.64 +215.80 NASDAQ 3,136.42 +69.45 S&P
      57 words
    • 17 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
    • 49 1 us$ s$ US$ (S$ per US$) 1.240 (US$/S$ per 1.597 1.981 EURO (US$/S$/E) 1.267 1.572 Foreign currency per US$ S$ YEN 78.90 63.60 RM 3.109 2.506 HK$ 7.756 6.253 BAHT 31.20 25.15 RUPIAH 9,585 7,728 RENMINBI 6.342 5.113 INDIAN RUPEE 55.47 44.72 A$ 0.967 0.780 NZ$ 1.243 1.003
      49 words
  • 713 1  -  Move may complicate F&N’s sale of APB stake to Heineken By EMILYN YAP [SINGAPORE] Thai Beverage and parties related to it are said to have approached several banks in Singapore to line up funding for a potential general offer for Fraser and
    713 words
  • Page 1 Advertisements
    • 115 1 DINING OUT New place for the steak-eater PAGE 22 APEC SUMMIT Towards greater exchange-rate flexibility page 2 VIEWS FROM THE TOP CEOs talk about paternity leave PAGES 10 AND 11 STAR ANALYSTS A tough year to pick stocks PAGES 3 AND 5 BizIT The new star in India’s IT firmament
      115 words

  • TOP STORIES
    • 1347 2  -  Continue reform of financial system: PM Leaders also agree to 5% cap on tariffs for environmental goods by 2015 Reports by LEE U-WEN in Vladivostok, Russia PACIFIC Rim leaders, including Singapore Prime Minister Lee Hsien Loong, yesterday promised to move towards greater exchange-rate flexibility and more
      REUTERS  -  1,347 words
    • 420 2 ThaiBev seeks funds for F&N offer THAI Beverage and parties related to it are said to have approached several banks in Singapore to line up funding for a potential general offer for Fraser and Neave, which is in the process of selling its stake in Asia Pacific Breweries
      420 words
    • 722 2  -  Economists expect some govt stimulus after August data By VIRGINIE MANGIN in Beijing CHINA’S August data which was published yesterday proved no rosier than in previous months. The headline figures last month to watch were a rebound in food prices a recurring
      722 words
    • 18 2 Branchen Stars R1C-A 31/08/2012 147,97 EUR I db X-MACRO Trading Index Fund I4D 29/08/2012 92,86 GBP
      18 words
    • 676 2  -  Major Asian carriers have to act fast as budget carriers spread their wings COMMENTARY By VEN SREENIVASAN IT had to happen sooner or later. When airlines have strong support from governments, pay little or no taxes, operate out of the world’s fastest growing markets where
      676 words
    • 855 3  -  10 analysts earn top accolades in the 2012 Starmine Analyst Awards By ANDREA SOH [SINGAPORE] It was a year of two halves, and a tough one for analysts to call. At the beginning of last year, the world had thought that it
      855 words
    • 360 3  -  GIC will hold 10.6% of the company’s total issued H shares By TEH SHI NING [SINGAPORE] The Government of Singapore Investment Corporation (GIC) has agreed to invest HK$5.43 billion (S$865.3 million) in Hong Kong-listed China Pacific Insurance (Group) Co Ltd (CPIC), raising
      360 words

  • Page 3 Advertisements
    • 153 3 THE MOON IS FULLER AT MARIN A BAY SANDS nmmmwiM /i. M iM iP ttt vffic mi r M/ NA BAY i w U a I v R| Na bay a *ina bay s&ffi tm. ZK.'-Wt. 4 «»> AR| Na BAY > SweetSpot® at Marina Bay Sands® presents the perfect
      153 words

  • SINGAPORE MARKETS
    • 701 4  -  STOCKS R SIVANITHY Senior Correspondent AND so it goes, markets lurching from one bailout to the next. Another week gone, another bailout announced each one supposedly the final solution, each one eventually proving to be anything but. Before last Thursday, the previous bailout was in
      701 words
    • 537 4 COMMODITIES AFP [LONDON] Commodity prices were mixed last week in reaction to the European Central Bank’s fresh action on tackling the eurozone debt crisis and in the wake of disappointing US jobs data, analysts said. Precious metals: Gold hit a six-month high
      AFP  -  537 words
    • 628 4 CURRENCIES Bloomberg [NEW YORK] The euro posted its biggest advance in six months versus the dollar after European Central Bank president Mario Draghi pledged to buy bonds to contain the region’s debt crisis. The dollar weakened versus all 16 of its
      Bloomberg  -  628 words
    • 1513 4 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 Industrial REIT 2.00 2.00 2 10.00 13.40 1.42 1.34 Amtek Engineering Ltd 2.67 1.67 6 0.07 6.62 0.72 0.59 ARA Asset Management Limited 1.38
      1,513 words
    • 4 4 WEEKLY
      4 words
    • 66 4 Sep 7 VALUE CLOSE BT OB/OS -64.00 +209.0 BT CADI -*****.00 +166.0 BT 10-day MA -*****.00 -7.00 FTSE ST Mid Cap 716.06 +6.49 FTSE ST Small Cap 473.86 +6.57 FTSE ST All Share 733.03 +5.90 FTSE ST China Top 198.56 +2.93 FTSE ST China 215.74 +2.67 FTSE
      66 words
    • 60 4 VOLUME Golden Agri 350,959,000 GSH Corp 349,343,000 M Devt 249,519,000 Noble Grp 213,786,000 Goldtron 191,221,000 Thai Beverage 175,443,000 Genting SP 121,139,000 HPH Trust US$ 118,706,000 Sakari 118,148,000 Elektromotive 112,838,000 VALUE($) Noble Grp 257,394,967 Golden Agri 237,656,551 Sakari 221,531,495 SingTel 215,483,044 DBS Grp 191,103,925 Keppel Corp 167,807,855 UOB
      60 words
    • 116 4 BY CENTS CLOSE UP DBXT DBLCI-OY 5US$ 4028 649.9 15.0 GLD 10US$ ***** 456.4 2.3 IS S&P500 ***** 279.1 1.6 DBXT USDIGInfl 5US$ ***** 238.1 0.7 DBXT E50 10US$ 3756 231.9 5.2 DBXT iBoxxUSTr 5US$ ***** 166.2 0.6 Hyflux 6% CPS 10 ***** 160.0 1.5 DBXT MSTHAI 10US$ 1873
      116 words
    • 120 4 BY CENTS CLOSE DOWN UOB 5.05%NCPS 100 ***** -194.0 -1.8 DBXT SPASX200 10US$ 3358 -155.0 -3.6 LantroVis 227 -143.0 -38.6 DBXT S&P Short 10US$ 3532 -114.1 -2.5 IS ASIA HYG100S$D 1338 -39.0 -2.8 JSH 3300 -29.8 -0.7 CityDev 1127 -25.0 -2.2 DBXT FTVietnam 10US$ 2117 -24.8 -0.9 Lyxor Malaysia
      120 words
    • 5 4 WEEKLY
      5 words

  • COMPANY NEWS
    • STARMINE ANALYST AWARDS 2012
      • 672 5  -  DBS Vickers analyst Andy Sim likens the process to building a house Reports by ANDREA SOH ASK an analyst what he does to put together an earnings estimate, and one would expect an answer along the lines of number crunching, or perhaps even gazing
        FILE PHOTO  -  672 words
      • 470 5 SCEPTICISM might be the best trait that an analyst can possess. It is at least something that UOB KayHian analyst K Ajith holds in healthy doses. The industry veteran, who was ranked No 3 in the 2012 Starmine Analyst Awards,
        470 words
      • 585 5 MOST analysts might give small and mid caps a wide berth, but not CIMB Research analyst Yeo Zhi Bin. Of the nine stocks he covers, seven are small and mid caps. Obscure though these might be, his coverage of these
        585 words
      • 460 5 FIRST an auditor. Then an accountant. After switching to investor relations, Lim Siew Khee then became an equity analyst in what proved to be a winning move not just once but twice. The vice-president of research at CIMB had been ranked second for earnings
        ARTHUR LEE  -  460 words
    • 2259 6  -  Tat Hong CEO and president Roland Ng tells MANO SABNANI how it has built a strong presence in cranes rental in the region COMPANY INSIGHT MANO SABNANI Mano Sabnani, a veteran writer/editor, value investor and corporate adviser, wrote this piece based on a case study he completed
      2,259 words
    • 1663 6  -  INSIDE MARKETS By ROBERT HALILI The writer is Managing Director, Asia Insider Ltd BUYING rose for the second straight week while selling among directors rebounded in the first week of September. Buyers outweighed sellers with 18 companies recording 30 purchases worth
      1,663 words
  • Page 5 Advertisements
    • 215 5 m III Mm -1 T s In Im ii pS** oivg £0* Gp^ World s Finest Serviced Offices Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to arrange a personal
      215 words


  • SINGAPORE NEWS
    • 477 7  -  The national conversation is an opportunity for fresh perspective: PM Lee By LEE U-WEN in Vladivostok, Russia WITH Singapore now being very different from what it was a decade ago, the national conversation about Singapore’s future should be carried out with the aim
      477 words
    • 259 7 KEPPEL Corporation yesterday launched a new foundation, to which the Keppel group of companies has committed an initial sum of $15 million and aims to contribute up to $50 million over the next ten years. Keppel Care Foundation, registered as a charity, yesterday presented its
      259 words
    • 659 7 ASK QUESTION: I am interested in building up a controlling stake in a certain Singapore-listed company, but want to stop short of triggering a mandatory general offer. My broker suggested the use of contracts for differences (CFDs). Could you briefly explain how this
      659 words
    • 572 8  -  Processed meat product firm Golden Bridge intends to be worldclass food manufacturer, aims to expand further into Mideast By ALEX LIM, NICOLE TEOH REBEKAH KOH The writers are students at NUS Business School FOR every 10 Chinese waxed sausages sold in Singapore’s supermarkets, more
      ARTHUR LEE  -  572 words
    • 849 8  -  By AUDREY CHENG, CHUA MEI YEE, GERALDINE TAN The writers are students of NUS Business School IF the first thing that springs to mind when “interior design” is mentioned is conventional home renovation, think again. Consider perhaps the upmarket restaurants and posh designer boutiques on Orchard
      ARTHUR LEE  -  849 words
    • 265 8 Sep 7 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bangkok Bank Public Co. Ltd.... ...6.00 Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a ...5.75 Chang Hwa Commercial Bank
      265 words
    • 1111 8 Payment Ex Books Pay Ann (cts) date close date date Ace Achieve Infocom bo 0.300 09-Nov 14-Nov 28-Nov 30-Aug Advanced Holdings aw 0.400 10-Sep 12-Sep 26-Sep 04-Sep Advanced Holdings bh 1.000 10-Sep 12-Sep 26-Sep 04-Sep AIMS AMP Cap REIT ag 2.500 30-Jul 01-Aug 18-Sep 19-Jul Amtek Engrg ak
      1,111 words
    • 131 8 COMPANY MEETING PLACE DATE TIME Adv Integrated E 23 Ubi Crescent Boardroom Level 4 17-Sep 10.00am Infinio Group E 2 Leng Kee Road #03-04 Thye Hong Centre 19-Sep 11.00am Swing Media S Six Battery Road #10-01 21-Sep 9.30am New Lakeside E 8 Wilkie Road #03-08 Wilkie Edge 21-Sep
      131 words
  • Page 7 Advertisements
    • 83 7 Sarasin From Every Angle we Construct a Sustainable Vision for Your Wealth As a leading Swiss private bank and pioneer in the field of sustainable investment, Bank Sarasin is known for its innovative approach. It’s part of our heritage to consider private banking from every angle to construct a wealth
      83 words
    • 102 7 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
      102 words


  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1185 9  -  A clear understanding of assets chosen by investors and how to utilise them will help in achieving objectives, says GEOFF HOWIE GEOFF HOWIE The writer is SGX’s market strategist FOR first-time investors or investors who have taken a hiatus and now wish to resume investment
      1,185 words
    • 1043 9  -  It was literally blood, sweat and tears for Murtaza and Mohammed Moochala when they set up a printing shop, reports TEH SHI NING reports STARTING YOUNG TEH SHI NING TO hear brothers Murtaza and Mohammed Moochala talk about the last year-and-a-half of their
      ARTHUR LEE  -  1,043 words
  • Page 9 Advertisements
    • 33 9 If you’re between the ages of 17 and 30 with an interesting investing or entrepreneurship story to share, do write to us at btyif@sph.com.sg, with “Starting Young” as the subject of your e-mail
      33 words
    • 156 9 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
      156 words

  • VIEWS FROM THE TOP
    • Article, Illustration
      3812 10 THIS WEEK’S TOPIC Is paternity leave practical for Singapore, and if so, how should it be applied? More broadly, what are the major impediments to getting married and having babies in Singapore, and what can companies and the government do to resolve these impediments? Barathan Pasupathi Chief Executive
      FILE PHOTO  -  3,812 words


  • MALAYSIA/INDONESIA
    • 613 12 Home sales target of SP Setia, Sime Darby and EPF seen as ambitious Reuters [LONDON] The Malaysian owners of London’s Battersea power station, developers SP Setia and Sime Darby and government-run Employees Provident Fund pension fund, must sell homes at more than double the
      Reuters; REUTERS  -  613 words
    • 604 12 Producers are forced to reduce output and slash costs Reuters [BALIKPAPAN, Indonesia] The slowdown in China’s economic growth is cutting deeper into Indonesia’s coal sector, forcing producers to reduce output and slash costs, and testing the resilience of a commodity boom in
      Reuters  -  604 words
    • 280 12 [KUALA LUMPUR] The Securities Commission of Malaysia has launched a framework to allow retail investors direct access to invest in Islamic and conventional bonds. According to Malaysia’s Business Times, this access will be expanded to include issuances by public-listed companies and banks next
      280 words
    • 1691 12 VOL Sep 7 RM +/-(‘000) A M Realty 0.48 unch 0 VOL Advance Synerg 0.16 unch 1697 Adventa Bhd 1.82 0.02 56 Ae Multi Hldgs 0.22 0.01 277 Affin Holdings 3.41 unch 1367 Ahmad Zaki Res 0.71 -0.01 65 Airasia Bhd 3.39 0.01 6114 Alliance Finan 4.05 unch
      1,691 words
    • 228 12 AFP [VLADIVOSTOK, Russia] Indonesia’s leader has invited foreign investors to help fund a huge development plan that Jakarta projects will require US$500 billion in investments by 2025. Susilo Bambang Yudhoyono issued the call during a speech to global business executives in the Russian port
      AFP  -  228 words
  • Page 12 Advertisements

  • GREATER CHINA/INDIA
    • 724 13 President says exporters face more difficulties, vows to lift domestic demand Bloomberg [VLADIVOSTOK] Chinese President Hu Jintao said that a slowdown in exports is putting downward pressure on the world’s second-biggest economy, and he pledged to boost domestic demand and promote more balanced growth.
      Bloomberg  -  724 words
    • 762 13 Another session ends without work amid protests by BJP AFP [NEW DELHI] A total impasse in India’s parliament is not only undermining the world’s biggest democracy but also deepening its economic woes as long-await-ed reforms fall by the wayside. A
      AFP  -  762 words
  • Page 13 Advertisements
    • 110 13 Trade beyond borders That’s what participants in international commerce can do when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies doing business around the world come to us to manage virtually every kind of risk. Changing currency valuations, energy costs,
      110 words

  • ECONOMY WATCH
    • 615 14 Govt vows to repair shortcomings after WEF poll flags poor business climate AFP [MOSCOW] Russia slipped down the global business competitiveness ranking in the years President Vladimir Putin touted economic modernisation as Kremlin chief and premier, a closely-watched survey shows. Now his government
      AFP; AP  -  615 words
    • 907 14 Reuters [AMSTERDAM] No matter who comes out on top in Wednesday’s election, the Netherlands will find it hard to revive the practice of economic policymaking by consensus that has been one of the secrets of the country’s prosperity. From fast-rising health care
      Reuters  -  907 words
    • 563 14 Demand for Islamic bonds set to triple to US$900b by 2017 Reuters [DUBAI] The global supply of sukuk is less than half investor demand and the gap may widen further unless the Islamic finance industry can quickly develop more institutions capable of organising
      Reuters  -  563 words
    • 727 14 Reuters [VIENNA] Germany should leave the eurozone if it is not prepared to take a more decisive lead in helping the eurozone’s weaker nations escape a spiral of increasing indebtedness and economic decline, veteran financier George Soros said. Mr
      Reuters; BLOOMBERG  -  727 words

  • WORLD
    • 1070 15 Industry players see consolidation ahead among small and mid-sized companies amid price pressure Reuters [WASHINGTON] Declines in US and European defence spending are putting heavy pressure on thousands of small and midsized companies that together build about 70 per cent of major weapons
      Reuters  -  1,070 words
    • 416 15 Bank faces similar penalties as Barclays: FT Reuters [LONDON] Royal Bank of Scotland is facing a fine of between £200 million and £300 million (S$395-595 million) for its role in a global interest rate rigging scandal, the Financial Times reported. The FT said
      Reuters; AP  -  416 words
    • 787 16 Draft programme seeks to implement a key provision in failed cybersecurity bill Bloomberg [WASHINGTON] President Barack Obama’s administration is drafting an executive order that would create a programme protecting vital computer networks from cyberattacks, according to two former government officials with direct knowledge of
      Bloomberg  -  787 words
    • 661 16 NYT [NEW YORK] US public health officials were expanding their warning to include more than 22,000 visitors to Yosemite National Park after the death of a third person exposed to the deadly mouse-borne hantavirus. The latest victim, a West Virginia man, visited Yosemite in
      NYT; AP  -  661 words
    • 672 16 NYT [CHARLOTTE, North Carolina] Last Friday, Malia Obama was at her desk at Sidwell Friends School for the fourth day of high school hours after waving onstage at the Democratic National Convention with her sister, Sasha. Their appearance will be a
      NYT; AFP  -  672 words
    • 869 17 Securities firm plans to cut US$1 b costs, with almost half to come from Europe Bloomberg [TOKYO] Nomura Holdings Inc, Japan’s largest securities firm, may buy an Asian investment bank or broker to tap the region’s economic growth and increasing number
      Bloomberg; BLOOMBERG  -  869 words
    • 370 17 AP [YANGON] Myanmar’s parliament has adopted a much anticipated foreign direct investment law that is crucial to the government’s ambitious plans for economic expansion in one of Asia’s poorest countries. The law drops several provisions in the original draft that had raised fears it
      AP  -  370 words
    • 857 18  -  Fed may delay QE3; analysts say market is losing faith in quantitative easing WALL STREET INSIGHT By ROB CURRAN HOPES of an economic stimulus lifted US stocks to their highest levels since the 2008 financial crisis, but stocks cannot live on stimulus
      857 words
    • 657 18 AFP [MADRID] Willing or not, Spain is heading towards a full-blown bailout with IMF supervision, strict conditions and the threat of even more painful austerity cuts, analysts say. Spain, the eurozone’s fourth biggest economy, insists it will not be rushed down the path
      AFP; REUTERS  -  657 words
    • 487 18 AFP [MONZA, Italy] Lewis Hamilton revived his bid for this year’s Formula One world title yesterday when he swept to a dominant triumph for McLaren to record his first-ever win in the Italian Grand Prix. The 27-year-old Briton, starting from pole position,
      AFP; AP  -  487 words
    • 374 18 Reuters [MONACO] Munich Re expects reinsurance prices and conditions will be largely stable when it renews billions of euros worth of contracts with its insurance company clients at the start of 2013, though economic risks complicate the outlook. The world’s biggest reinsurer said
      Reuters  -  374 words
    • 215 18 NYT [VLADIVOSTOK, Russia] Gazprom, Russia’s state-controlled gas monopoly, has signed an accord with the government of Japan to move forward with plans for the construction of a US$13 billion natural gas terminal. This would propel the Kremlin’s ambitions to multiply its business and
      NYT  -  215 words
    • 547 20 2nd US Circuit Court of Appeals reverses federal court judge’s 2010 decision NYT [NEW YORK] One of the country’s longest-running insider trading lawsuits has just gotten longer. A federal appeals court last Thursday revived a decade-old insider trading case brought by the
      NYT; BLOOMBERG  -  547 words
    • 657 20 Washington Post [LONDON] He has become an object of international derision, accused among other things of having sex with an underage prostitute. But Silvio Berlusconi is hinting that next spring, he might once again seek to become Italy’s prime
      Washington Post  -  657 words
  • Page 15 Advertisements
    • 87 15 TV i Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow
      87 words

  • Page 16 Advertisements
    • 1547 16 CHINA PAPER HOLDINGS LIMITED (Incorporated in Bermuda) (Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a special general meeting (the “SGM”) of the shareholders (the “Shareholders”) of China Paper Holdings Limited (the “Company”) will be held at RELC International Hotel, Tanglin 1, Level 1,
      1,547 words

  • Page 17 Advertisements
    • 32 17 SATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. BSATS NOTICES CLA/30MAR05/GAN
      32 words
    • 456 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STANFORD CAPITAL GROUP PRIVATE LIMITED Company Registration No. *****7926C (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting
      456 words
    • 331 17 SPRING QUAY HOLDINGS PTE LTD (Company Registration No: *****0280H) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of Spring Quay Holdings Pte Ltd held on 4 September 2012, the following special resolutions were duly passed:1. That the Company be wound up voluntarily and that Mr Tan Gim Soo of
      331 words
    • 514 17 IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF PKF MANAGEMENT SERVICES PTE LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****3764N) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held on 4 September 2012 at 110
      514 words
    • 996 17 Today’s Integration, Tomorrow’s Solution NOTICE OF EXPIRY OF WARRANTS W*****1 (THE “W*****1 WARRANTS”) TO: ALL HOLDERS OF THE W*****1 WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF NTEGRATOR INTERNATIONAL LTD. (THE “COMPANY”) THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in doubt as
      996 words


  • Page 19 Advertisements
    • 36 19 Tune in to Singapore's first all new radio station in 20 years All the great songs in one place On Air 3 September Share with us on: f www. f acebook. com kiss92f m @kiss92fm www.kiss92.sg
      36 words

  • Page 20 Advertisements
    • 671 20 Navigating the Challenges of Leadership STJOBS No.1 Who should attend: Executive management level, Middle management, Managers and Team leaders who want to develop their leadership skills No.1 Recruitment site in Singapore by FULL-DAY WORKSHOPS Marketing Magazine (2011) Register at www.stjobs.sg/seminars 7 Sep, 2012 (Fri) Coaching Gen Y to Better Performance
      671 words

  • AVIATION/SHIPPING
    • 603 21 Carrier’s latest move could sharpen competition with Indonesia’s Lion Air Reuters [NEW YORK] AirAsia is putting finishing touches to a deal to buy up to 100 Airbus jets, ending a flirtation with Canada’s Bombardier and putting Asia’s largest budget carrier on course for
      Reuters; FILE PHOTO  -  603 words
    • 323 21 Reuters [DAKAR] Sierra Leone has removed nine vessels from its shipping register after an investigation found they belonged to IRISL, Iran’s embattled shipping line, the head of the West African state’s maritime authority said on Saturday. The move comes as Western powers seek
      Reuters  -  323 words
    • 573 21 Airline has agreed not to employ cheap contract workers AFP [FRANKFURT] Lufthansa has made a key concession in talks with unions and agreeing mediator as a 24-hour walkout that grounded half the airline’s flights in Germany entered its final hours. Europe’s biggest airline agreed
      AFP  -  573 words
    • 253 21 SGX '000 Sep 7 S$ +/-Vol CH Offshore 0.46 unch 1287 Chuan Hup Hldg 0.26 0.01 483 Cosco Corp 0.97 0.02 4609 s$ Ezra Hldgs 1.12 0.03 ***** First Ship Lea 0.12 unch 560 Freight Links 0.06 unch 688 Grand Banks 0.30 0.01 374 Jaya Hold Ltd 0.56
      253 words
    • 418 21 Reuters [LONDON] British Prime Minister David Cameron has pledged to seek cross-party support for plans to boost airport capacity at London’s Heathrow. Speculation has mounted that Mr Cameron’s ruling Conservative Party would go back on its pre-election promise not to build a
      Reuters; REUTERS  -  418 words
    • 3465 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 GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
      3,465 words
  • Page 21 Advertisements
  • Page 21 Miscellaneous
    • 323 21 CRYPTIC CROSSWORD Across 1 Something worn around house that’s good for density in carpeting (8,4) 9 Natural phenomenon that’s split a party? (7) 10 A network in dispute (2,5) 11 Absurd initially in-patient denies infections of the ear (7) 12 The world of scholars made ridiculous with expert coverage (7)
      323 words

  • DINING OUT
    • 1077 22  -  NEW RESTAURANT Ruth’s Chris Steak House 6 Raffles Boulevard, Level 4 Marina Mandarin Hotel Tel: 6336 9093 Daily: 11.30am 3pm, 5.30pm 11pm By Jaime Ee THE life of a steak-eater is a mighty complicated one. It’s not as simple as say, picking a rib-eye
      1,077 words
  • Page 22 Advertisements

  • SINGAPORE STOCKS
    • 3304 23 Week ended: Sep 7 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 134 92.5 AIMSAMPIReit 134 +3.5 1978 134 130 133.5 134 6.2 12.8
      3,304 words
    • 277 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 $mil Tel Last 4.6 1.3 t Advanced System 1.9 +0.1 ***** 2.1 1.8 1.9 2 25.2 Week Last Quote Div Gr Yld Net
      277 words
    • 118 24 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.630 +0.015 CapitaLand 3.080 +0.050 CapitaMall 2.000 +0.025 CityDev 11.270 +0.170 ComfortDelGro 1.680 +0.030 DBS Grp 14.430 +0.170 F&N 8.380 +0.130 GLP 2.390 -0.010 Genting SP 1.345 +0.015 Golden Agri 0.665 -0.030 HK
      118 words
    • 2250 24 Transaction date: Sep HONG KONG Vol HK$ +/-'000 Aeon Credit 6.30 unch 0 Aeon Stores 22.00 unch 0 Angang Steel 3.85 0.31 ***** Anhui Conch 21.40 1.68 ***** Anhuiexpresswa 3.36 0.08 432 Asia Satellite 24.30 -0.40 37 Asm Pacific 91.35 1.35 759 Bank Of E Asia 27.90 0.85
      2,250 words
    • 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 $mil 46 25.5 AVJennings A29.5 +0.5 68 30 28 28 32.5 3.6 11.9 2.4 76.8 41.5 25.5 Genting HK US$ US33 -0.5 ***** 33.5 32.5 33 33.5 2172.9
      216 words
    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 4 0 0 0 10 3 4 Manufacturing 77 76 43 13 12 11 90 88 54 Commerce 37 26 13 5 11 3 42 37 16 Tpt/Stor/Comms 17 18 10
      186 words
    • 1089 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 $mil 130 114.4 ABF SG Bond ETF 120.1 +0.1 17 123 120.1 120.3 123 548.2 127.1 120.4 CIMB APAC Div 100S$D 127.1 +0.3 5 127.1 120.4 124
      1,089 words
    • 123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 68,358 68,358 295,081 295,081 Manufacturing 1,020,012 527,937 1,547,949 865,949 13,319 879,268 Commerce 999,769 12,444 1,012,213 633,856 3,057 636,913 Tpt/Stor/Comms 477,886 67,331 545,217 653,869 20,290 674,159 Finance 131,338 19,740 151,078 558,993 8,633 567,626 Construction 187,171 62,698
      123 words

  • 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
      26 words

  • FINANCE & COMMODITIES
    • 649 25 Sep 7 Sep OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8821.37 8871.65 8804.27 Sep12 8690.00 8885.00 8690.00 8885.00 ***** *****0 Dec12 8625.00 8820.00 8625.00 8820.00 9206 ***** MSCI TAIWAN INDEX FUTURES SPOT 262.72 263.96 262.40 Sep12 259.10 265.10 258.90 263.20 ***** *****4 Oct12
      649 words
    • 373 25 In local curr In S$ In US$ dy yr dy yr dy yr Sep 7 Index Change Change Change Change Change Change World Preliminary 910.3 1.8 9.7 1.4 5.1 1.8 9.6 EAFE Preliminary 721.6 1.7 5.8 1.3 0.7 1.7 5.1 Europe Preliminary 1107.5 2.4 7.9
      373 words
    • 120 25 As on 7 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 577.85 561.90 577.75 619 GOLD FUT DEC2012 1739.00 1692.50 1740.80 95 CURRENCY EUR-USD FUT SEP2012 1.2807 1.2629 1.2795 2725 BASE METAL COPPER FUT DEC2012 8043 7758
      120 words
    • 108 25 Sep 7 Sep SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 12 1731.75 1744.50 1747.50 1722.00 Nov 12 1736.50 1747.00 1752.00 1726.25 Jan 13 1735.75 1745.75 1751.25 1726.00 Mar 13 1680.75 1691.25 1689.50 1667.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 12
      108 words
    • 70 25 CRUDE OIL PRODUCTS Sep 6 Sep CRUDE(FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.49 1.13 WTI (Near Mth) 95.04 -0.44 Dubai (1-Mth F) 111.01 0.53 Tapis blend 116.78 0.27 Minas 112.93 0.27 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.78 0.22 Jet Kerosene 133.95 -0.18 US$/barrel OpecOil Basket
      70 words
    • 23 25 Sep 7 Sep s$ Bid Offer 1-month 1.2403 1.2404 2-months 1.2403 1.2404 3-months 1.2402 1.2404 6-months 1.2396 1.2398 Source: OCBC
      23 words
    • 64 25 Sep 7 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2010.00 1966.50 3 months 2023.00 1975.00 Copper, Grade A(US$/tonne) Cash 7958.75 7693.25 3 months 7970.00 7701.00 Lead(US$/tonne) Cash 2081.75 2040.00 3 months 2095.00 2049.00 Nickel (US$/tonne) Cash *****.50 *****.75 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
      64 words
    • 80 25 Sep 7 COCOA (£/tonne) Close Prev High/Low Sep 12 1704 1718 1726/1705 Dec 12 1716 1735 1745/1713 Mar 13 1706 1725 1735/1702 May 13 1711 1729 1735/1712 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2049 2012 2054/2030 Nov 12 2049 2012 2060/2012 Jan 13 2061 2027 2072/2027 Mar 13 2074
      80 words
    • 1243 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 1 146 500 6.25 20 Conv Ratio Baker Technology Ltd W*****6 0.7 -0.4 5043 1 32 1 46.43 2 BakerTech W*****5 7 unch 1748 1 27 5
      1,243 words
    • 470 25 Sep 7 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 6.555 0.816 8.017 57.331 99.075 0.815 11.683 3.213 1.285 97.799 43.083 1.282 8.532 0.988 30.772 32.245 0.647 1.034 Canada 0.986 6.462
      470 words
    • 58 25 Sep 7 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1
      58 words
    • 136 25 Sep 7 GOLD(US$/oz) Sep 07 Sep 06 Hong Kong 1703.20 1716.30 Sep 06 Sep 07 Sep 06 London 1736.59 1704.76 1737.53 1705.53 Source: Thomson Reuters CAST BAR Sep 07 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 162 68 5gm 461 338 10gm
      136 words
    • 87 25 Sep 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 06-Dec-12 0.25 6-Month BS*****T 07-Mar-13 0.26 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 0.25 01-Feb-14 100.04 5-Year N*****0Z 2.375 01-Apr-17 108.85
      87 words
    • 57 25 Sep 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2808.0 2840.0 2820.0 2776.0 658 2547 Oct 12 2886.0 2896.0 2893.0 2833.0 3295 ***** Nov 12 2938.0 2948.0 2947.0 2895.0 ***** ***** Dec 12 2981.0 2989.0
      57 words
    • 154 25 Sep 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2817 1.2824 1.0334 1.0339 Canadian dollar 1.2635 1.2642 1.0192 1.0187 Euro 1.5712 1.5720 1.2668 1.2673 NZ dollar 0.9968 0.9981 0.8037 0.8047 Sterling pound 1.9808 1.9814 1.5970 1.5974
      154 words
    • 127 25 As at 9am Sep 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.308 1.246 Can dollar 1.293 1.232 Euro 1.606 1.530 Sterling pound 2.017 1.940 NZ dollar 1.024 0.976 US dollar 1.261 1.213 Local dollars to 100 units of foreign
      127 words
    • 161 25 Sep 7 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.25 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
      161 words

  • Page 26 Advertisements

  • Page 27 Advertisements
    • 129 27 TO ADVERTISE IN THE BUSINESS TIMES Shipping Times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? the Business Times TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Shipping Times Highlight \bur Anniversary Come publicise your Company
      129 words

  • BizIT
    • 1223 28  -  Discipline and focus on customer help Cognizant pip Infosys to become India’s 2nd biggest IT firm, reports AMIT ROY CHOUDHURY <the BizIT interview> reportsAMIT reportsAMIT ROY CHOUDHURY IN terms of mindshare, when talking about the high-profile Indian IT services sector, the three marquee
      1,223 words
    • 385 28  -  Majority of IT pros find their work meaningful: survey By VICTORIA HO START-UPS and smaller firms are looking increasingly attractive to IT workers coming out of school, a Singapore Computer Society (SCS) survey has found. In a poll done of IT students
      385 words
    • 707 28 AFP [SAN FRANCISCO] Apple will become the focus of the technology universe on Wednesday as the world awaits a new iPhone with a big, beautiful touchscreen and connectivity to blazingly fast telecom networks. Apple has been tight-lipped about what is in
      AFP  -  707 words
    • 663 28  -  <you say> By VIVEK SRIVASTAVA The writer is industry director, Communications and Media, Progress Software, Asia Pacific and Japan IN today’s fast-paced world, where information is readily available over the Internet, and where transactions take place far too quickly for humans, responsiveness is the
      663 words
    • 716 29  -  Homegrown security encryption software provider plans to appoint regional distributors, writes CLEMENT TEO writesCLEMENT CLEMENT TEO NGAIRTeow-Hin,chief executive officer, SecureAge Technology, must have felt anxious when h e m e t t h e NTT Computer Security Incident Response and Readiness Coordination Team TT-CERT)
      716 words
    • 714 29  -  By AMIT ROY CHOUDHURY WITH the world becoming digitised, organisations around the world are accumulating data at a pace faster than ever before. The mountains of data have even given rise to the new nomenclature of big data which refers to huge
      714 words
    • 749 30  -  apanese printer maker is on track with plans to double sales in Asean, reportsVICTORIA HO reportsVICTORIA VICTORIA HO JAPANESE printer manufacturer, Brother, is in the middle of its five-year plan to double sales in the Asean region. Sitting in the company’s
      749 words
    • what’s up
      • 54 30 A new retail and lifestyle mobile app has been launched for iOS devices, called Elephanti. It is the companion app to the site, which is a social platform allowing shoppers and retailers to gather rewards when checking in at shops. The Android version is due
        54 words
      • 34 30 Western Digital has launched its fastest external hard disk drive, the MyBook VelociRaptor Duo. The device consists of two 1Tb drives spinning at 10,000 rpm and has two Thunderbolt ports.
        34 words
      • 83 30 Sony has launched two new handycams, a new phone and Bravia TV models. The new camcorders will come with 60x and 70x optical zoom, and launches in the Asia-Pacific at the end of September. The Android phone, under its Xperia line, is called the tipo
        83 words
      • 39 30  -  Compiled by VICTORIA HO The Singapore government shared services department won an award at the Asia-Pacific SSON (shared services and outsourcing network) excellence awards. It was the only Singaporean and public sector organisation to win.
        39 words
    • 143 30 Bloomberg [AMSTERDAM] Samsung Electronics Co said that Apple Inc’s patent claim on so-called multi-touch flags isn’t valid, as its main competitor in smartphones pursues an infringement case in the Netherlands to ban Samsung Galaxy handsets. Apple claims Galaxy smartphones and tablets infringe the
      Bloomberg  -  143 words

  • Page 29 Advertisements
    • 346 29 IBM, the IBM logo, ibm.com, Smarter Planet and the planet icon are trademarks of International Business Machines Corp., registered in many jurisdictions worldwide. Other product and service names might be trademarks of IBM or other companies. A current list of IBM trademarks is available on the Web at www.ibm.com/legal/copytrade.shtml. International
      346 words

  • Page 30 Advertisements
    • 147 30 Deutsche Bank db.com Women in Asian Business Conference Inspire. Challenge. Change. September 12, 2012 Marina Bay Sands Featuring the following speakers and panelists By invitation Mrs Moneypenny Financial Times columnist, author and former investment banker Kiran Bedi Retired Indian Police Service officer, Indian social activist and NGO founder Jennifer Siebel
      147 words