The Business Times, 24 September 2012

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Total Pages: 34
1 34 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, eptember 24, 2012
    25 words
  • 413 1  -  By MINDY TAN By [SINGAPORE] The Business Times (BT), the financial daily published by Singapore Press Holdings (SPH), is launching its iPhone app, which will be available for download from the Apple App store today. The app, called “The Business Times Singapore”, will offer free
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,078.23 +7.81 KL COMP 1,623.70 -19.25 NIKKEI 225 9,110.00 -49.39 HANG SENG 20,734.94 +105.24 SET INDEX 1,286.26 +10.14 JAKARTA COMP 4,244.62 -12.38 MANILA COMP 5,292.06 -30.41 SEOUL COMP 2,002.37 -5.21 SHENZHEN B 554.85 -26.78 MUMBAI IND 18,752.83 +288.63 DOW 13,579.47 -13.90 NASDAQ 3,179.96 -3.99 S&P
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    • 17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.377 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.224 (US$/S$ per 1.624 1.987 EURO (US$/S$/E) 1.297 1.588 Foreign currency per US$ S$ YEN 78.20 63.90 RM 3.058 2.498 HK$ 7.753 6.334 BAHT 30.84 25.19 RUPIAH 9,557 7,808 RENMINBI 6.305 5.151 INDIAN RUPEE 53.54 43.74 A$ 0.954 0.780 NZ$ 1.204 0.984
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  • 886 1  -  13 US dollar bond sales worth almost US$9b have been done so far this year By SIOW LI SEN [SINGAPORE] A slew of US dollar-denominated bond deals have been made by Singapore companies in recent weeks, in light of excess liquidity and increasing
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  • 72 1 SEBASTIAN Vettel of Red Bull took the chequered flag to win the fifth edition of the Singapore Grand Prix last night. The defending double world champion was followed by McLaren's Jenson Button in a repeat of last year's one-two finish at the Marina Bay Street Circuit.
    Photo by ARTHUR LEE  -  72 words
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  • TOP STORIES
    • 552 2 S’pore firms tapping into US$ bond market A SLEW of US dollar-denominated bond deals have been made by Singapore companies in recent weeks, in the light of excess liquidity and increasing demand from non-Asian investors diversifying from their home markets. So far this year, there have been 13
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    • 792 2  -  Outcome will reveal whether traders’ bets on Fed, ECB measures pay off WALL STREET INSIGHT By ROB CURRAN THIS week, traders will position themselves for the decisive fourth quarter. During the third quarter, traders bet on the efficacy of central-bank intervention; fourth-quarter
      BLOOMBERG  -  792 words
    • 783 4  -  Alonso, who came in third, extends his overall lead; Vettel takes No 2 spot SINGAPORE GRAND PRIX By SAMUEL EE [SINGAPORE] The threat of rain did not materialise as Sebastian Vettel of Red Bull took the chequered flag to win the fifth edition of the Singapore
      REUTERS  -  783 words
    • 716 4  -  Increased awareness seen likely to lead to more investments By NISHA RAMCHANDANI [SINGAPORE] Hosting the Formula One (F1) race has helped raise Singapore’s profile with business owners, especially in countries which are not the Republic’s traditional trading partners. And this could spur
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    • 894 4  -  Bid-ask gap will be a challenge but QE3 will fuel demand for assets, say analysts By KALPANA RASHIWALA [SINGAPORE] Investment sales of property, buoyed by deals in the hotels/hospitality segment, have put in their best showing in five quarters, according to Savills Singapore.
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  • Page 2 Advertisements
    • 371 2 E 2Qy 3 WEEK 3rd Corporate Governance Week 2012 ACHIEVING EXCELLENCE IN CORPORATE GOVERNANCE 1 st 2 nd October 2012 Raffles City Convention Centre, Stamford Ballroom o CG Last 3 days to register for the Corporate Governance Week Programmes. CPD& CPE Hours S*. applicable. Asian Investors' Corporate Governance Conference“Role of
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  • Page 3 Advertisements
    • 97 3 It’s beyond just excellent academics It’s about relentlessly pursuing excellence and accelerating success. It’s beyond just attaining our goals It’s about raising the bar higher and staying ahead of the curve. It’s beyond just being the best you can be It’s about being uncompromising on our values while we reach
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  • Page 4 Advertisements
    • 31 4 Only 19 Fabulous Bungalows forth© Discerning Few Pearl Island, Sentosa Cove, Singapore <§1 Sfc! PEARL ISLAND Sentosa Cove, Singapore Now ready FOR SALE Call for an appointment 6271 2811 info@ximengland.sg www.pearlisland.com.sg
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  • COMPANY NEWS
    • 719 5  -  Shares surged to same level as exit cash offer of $0.162 per share on Sept 20 By MINDY TAN AN official offer has been made to delist Gul Technologies Singapore (Gul Tech), proving speculation first reported by The Business Times on Sept 14
      719 words
    • 774 5 Payment Ex Books Pay Ann (cts) date close date date Ace Achieve Info 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 Amtek Engrg ak 2.200 01-Nov 05-Nov 23-Nov 27-Aug ASL Marine ak 1.750 01-Nov
      774 words
    • 260 5 Sept 21 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 China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a ...5.75
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    • 246 5 COMPANY MEETING PLACE DATE TIME Lian Beng Group A 29 Harrison Road Lian Beng Building 26-Sep 10.00am SingXpress Land E Pan Pacific Singapore Ocean 6 Level 2 7 Raffles Boulevard Marina Square 27-Sep 10.00am Ezra Holdings E Klapsons, The Boutique Hotel Eighteen 1 2 Level 18 15 Hoe
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    • 1700 6  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying was high for the fourth straight week while the selling among directors was flat based on filings on the Singapore Exchange in the third week of September. Buyers outweighed sellers with
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  • Page 5 Advertisements
    • 42 5 i f S''c if ti ■r-i. 1 *6;: i JftkSb ■'•> s f ■:i i t 7 i w ~T spfe 13 a* >V5p*' I A 95 I U f V 3 '"v X, i o B «s W +65 6735 5225 PRADA.COM
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  • Page 6 Advertisements
    • 4645 6 GUL TECHNOLOGIES SINGAPORE LTD (Incorporated in the Republic of Singapore) Company Registration No. *****3137E GREENWICH PACIFIC PTE. LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****1547D JOINT ANNOUNCEMENT PROPOSED VOLUNTARY DELISTING OF GUL TECHNOLOGIES SINGAPORE LTD 1. INTRODUCTION 1.1 Delisting Proposal. The Board of Directors (the “Board”) of
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  • Page 7 Advertisements
    • 78 7 Asset Management Wealth Management Asset Services Pictet announces the granting of its Hong Kong banking licence. The latest milestone in its presence and expansion in Asia. iiii i l 5 V y > a: s 4 1'+ A iff c s s i K V. 'C i m a NV>!)
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  • SINGAPORE MARKETS
    • 588 8  -  STOCKS R SIVANITHY Senior Correspondent LAST week’s column (and many others before it) recommended traders to buy the Straits Times Index (STI) when it dips and to immediately sell into strength when it rebounds, the reasoning being that markets are likely to
      588 words
    • 620 8 CURRENCIES Bloomberg [NEW YORK] The euro fell for the first time in six weeks versus the dollar as reports showed the region’s economy struggling amid the debt crisis. The yen advanced against all major currencies as weak-er-than-forecast data from China
      Bloomberg  -  620 words
    • 734 8 COMMODITIES AFP [LONDON] Commodity prices were mixed last week following volatile trading as dealers weighed the effects of new US stimulus measures against fears over weaker Chinese demand. Raw materials futures had surged after the Federal Reserve had said that it would
      AFP  -  734 words
    • 1474 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 Industrial REIT 2.00 2.00 2 10.00 13.75 1.42 1.38 Amtek Engineering Ltd 2.67 1.67 6 0.07 6.92 0.71 0.61 ARA Asset Management Limited 1.33
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    • 4 8 WEEKLY
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    • 66 8 Sep 21 VALUE CLOSE BT OB/OS 580.00 -28.00 BT CADI -*****.00 +138.0 BT 10-day MA -*****.00 +58.00 FTSE ST Mid Cap 737.30 +6.89 FTSE ST Small Cap 494.50 +3.02 FTSE ST All Share 750.97 +4.39 FTSE ST China Top 204.11 +1.38 FTSE ST China 220.13 +0.90 FTSE
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    • 58 8 VOLUME Golden Agri 571,046,000 GSH Corp 471,914,000 Thai Beverage 423,558,000 Equation 379,014,000 Noble Grp 287,781,000 Genting SP 217,104,000 MDR 184,092,000 M Devt 182,357,000 Yoma 150,074,000 TT Intl 144,342,000 VALUE($) Noble Grp 388,446,640 Golden Agri 384,875,393 F&N 336,778,210 Genting SP 303,993,207 Wilmar 231,506,820 DBS Grp 226,346,620 SingTel 212,366,585
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    • 108 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 634.0 5.0 DBXT EONIA 5US$ ***** 411.3 1.9 DBXT AUDCS 5US$ ***** 273.0 1.0 DBXT E50 10US$ 3925 206.9 4.5 Lyxor Europe 10 US$ 1246 108.9 7.7 JMH 5530 97.9 1.5 JSH 3345 97.9 2.5 IS MSCI Spore 1361 52.6 3.3
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    • 128 8 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -332.0 -1.2 Lantrovision 10 25.5 -232.5 -90.1 DBXT AUD Bonds 5AU$ ***** -206.5 -0.9 DBXT iBoxxKR 5US$ ***** -159.1 -0.9 DBXT iBoxxSing 5SG$ ***** -113.0 -0.9 DBXT MSEurope 10US$ 4581 -69.8 -1.2 DBXT MSKorea 10US$ 5836 -61.2 -0.8 DBXT CSI300 10US$
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    • 5 8 WEEKLY
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  • Page 9 Advertisements
    • 826 9 On 16 February 2011, the IBM computer Watson rang in with the correct response (Who is Bram Stoker?) to the final clue, winning a challenge against two human champions of the TV quiz show Jeopardy! It was a rare pop culture moment for a project that began deep within IBM
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  • SINGAPORE NEWS
    • 578 10 Time commitment crucial for IDs ASK QUESTION: I have been asked to serve as an independent director on the board of a Singapore-listed company. I have not been a director of a listed company before, nor do I have any background in finance. In fact, I am juggling quite a
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    • 472 10  -  Competition hopes to raise awareness among undergrads By ZEINAB YUSUF SAIWALLA WITH graduates these days being more attracted to big-name jobs, small and medium-sized enterprises (SMEs) are feeling the pressure to remain a choice employer for talented young professionals and finding new
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  • Page 10 Advertisements
    • 166 10 I brolzeil German Bier Bar Restaurant THANK YOU SINGAPORE! NOW OPEN AT THE STAR VISTA HOLLAND VILLAGE DUNMAN HIGH SCHOOL *0 *0 ULU RANDAN COMMUNITY CENTRE '■'s/ WollanA^ fU GHIM MOH PRIMARY SECONDARY SCHOOL V pa/e Co COMMONWEAL" BUONA VISTA 22? *0, MINISTRY OF EDUCATION (MOE) BUILDING r 6e THE
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    • 127 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
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  • Page 11 Advertisements
    • 152 11 h/’AfcV.v Preparing them for pole position. Wealth. What’s it to you? It is important to give your children the best possible start in life. We can provide high levels of wealth management expertise and investment know-how, to help you steer your heirs towards the best spot on the grid. To
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 908 12  -  Having an idea is not enough. A big heart, strategy and speed are vital factors for success, says RAVINDRAN GOVINDAN RAVINDRAN GOVINDAN Ravindran Govindan, founder and executive chairman of Mercatus Capital, delivered this speech at the ideas.inc StartingUp Conference organised by the Nanyang Technopreneurship Centre
      AP  -  908 words
    • 1085 12  -  A pair of friends started an online platform to provide users with access to a variety of courses in Singapore. STARTING YOUNG SAIWALLAreports ZEINAB YUSUF SAIWALLA CONSTANTLY on the lookout for entrepreneurial opportunities, a bulb lit up for Nityanand Rai when a young friend voiced
      YEN MENG JIIN  -  1,085 words
  • Page 12 Advertisements
    • 51 12 The Business Times-Citibank Young Investors’ Forum is published every Monday. It aims to raise the financial awareness of young adults, especially tertiary students, and empower them with the financial knowledge and skills vital to making investing and wealth management decisions. The forum is part of Citibank’s efforts to promote financial
      51 words
    • 134 12 If you’re 17-30 years old and think you’ve got an interesting investing or entrepreneurship story to share, do email us at btyif@sph.com.sg, with “Starting Young” in the subject header. Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking
      134 words

  • Page 13 Advertisements
    • 111 13 There’s nothing like doing business with an icon Uluru is such a breathtaking destination. I was proud to be able to offer our most valuable team members this once in a lifetime experience. Our group went from one inspiring experience to another. From guided walks at sunrise and learning more
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  • VIEWS FROM THE TOP
    • 3820 14 THIS WEEK’S TOPIC: Are the recently announced changes sufficient to achieve the transformation of Singapore’s education system or does more need to be done? How can businesses and families contribute to this transformation? Tan Choon Seng Group CEO WBL Corporation (Wearnes) MANY Singapore-bred business leaders have
      FILE PHOTO  -  3,820 words
  • Page 14 Advertisements
    • 165 14 STAY IN CONTROL WITh MANAGEMENTTOOLS OUR GUARANTEED STOPS ARE A GOOD PLACE TO START Access over 7000 global markets including forex, shares, indices and commodities. Trade all from one platform, night and day. Control your risk by placing a Guaranteed Stop for a small premium, from as little as 0.1
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  • Page 15 Advertisements
    • 355 15 Performance Motors Limited Sheer Driving Pleasure pml-bmw.com.sg 6/ r M ahrzeuginfo 1 gg Hybrid 0:28 106.8 MHz TP I lhl Jildsuchel A&/ 1 i jl®L Betnebs; t Bordco Reise-Bc' r p»-r V Hybrid o u o H Electric Driving Hybrid 10:28 Q.n 106.8 MHz TP WWlUli .A in cgu— —U—I
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  • Page 16 Advertisements
    • 196 16 We welcome IHH Healthcare into the The Straits Times Index The STI is the key benchmark for the Singapore stock market and is used as the underlying index for financial products such as Exchange Traded Funds (ETFs), Contract for Difference (CFD), futures, warrants and other derivatives. The STI’s 30 constituents
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  • Page 17 Advertisements
    • 38 17 For Being Awarded for the Second Time By Asian Banking and Finance DOMESTIC FINANCE COMPANY OF THE YEAR FROM THE BOARD OF DIRECTORS MANAGEMENT OF Oxley Holdings Limited KSH Holdings Limited ZAPPiling Pte Ltd ili t t 0473
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  • MALAYSIA/INDONESIA
    • 816 18 Broadcaster’s IPO gets strong response well ahead of close [KUALA LUMPUR] Just two days after Astro Malaysia Holdings Bhd began its book-building exercise for its institutional offering, its shares have been oversubscribed by more than 10 times, the Star reported. The oversubscription rate
      BLOOMBERG  -  816 words
    • 1678 18 VOL Sep 21 RM +/-(‘000) A M Realty 0.47 -0.01 22 VOL Advance Synerg 0.15 unch 235 Adventa Bhd 1.80 unch 27 Ae Multi Hldgs 0.21 0.01 261 Affin Holdings 3.44 0.04 719 Ahmad Zaki Res 0.68 unch 252 Airasia Bhd 2.95 0.05 7741 Alliance Finan 4.05 unch
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    • 479 18 Talks with mining giants to shift focus to export royalties Reuters [JAKARTA] Indonesia wants miners who hold long-term contracts of work to increase export royalty payments to 10 per cent in renegotiated deals, the country’s deputy energy and minerals minister Rudi Rubiandini said. The
      Reuters  -  479 words
  • Page 18 Advertisements
    • 958 18 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices m PAN MONO PROPERTY GROUP PAN HONG PROPERTY GROUP LIMITED (Incorporated in Bermuda) (Registration Number: *****) NOTICE OF EXPIRY OF WARRANTS W*****7 TO: ALL HOLDERS OF WARRANTS W*****7 TO SUBSCRIBE FOR NEW SHARES IN PAN HONG PROPERTY GROUP LIMITED (THE “COMPANY") THIS
      958 words
    • 371 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VEOLIA WATER (SEA) PTE. LTD. COMPANY REGISTRATION NO. *****3093R (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of
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  • GREATER CHINA/INDIA
    • 531 19 US$15b deal would mark first Chinese takeover of Canada energy producer Reuters [TORONTO] China’s ambassador to Canada has warned against letting domestic politics drive the Canadian government’s decision on whether to approve a Chinese state-owned oil c o m p a n y
      Reuters  -  531 words
    • 573 19 Bloomberg [HONG KONG] United Technologies Corp expects Chinese orders at its Otis elevator unit to grow at least 10 per cent next year as the business wins customers back following a fatal escalator accident in Beijing. “What we are booking for next
      Bloomberg  -  573 words
    • 329 19 Xinhua [KOLKATA] India is likely to miss its target of doubling its export target to US$500 billion by 2014 with a growth rate of 20 per cent as the present going rate was not as expected, a commerce ministry official said
      Xinhua  -  329 words
  • Page 19 Advertisements
    • 102 19 > m V up? V W fi f 0 f SO r, so m mm run 40 2 35 i S ii SO URWERK PRESENTS THE UR-2'10 AND ITS REVOLVING SATELLITE COMPLICATION WITH FLYBACK MINUTE HAND URWERK GENEVE URWERK has its origins in the town of Ur in Mesopotamia. In
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  • ECONOMY WATCH
    • 803 20 Govt seen missing target of falling debt-to-GDP ratio by 2015 Reuters [LONDON] Britain’s budget deficit widened to the biggest for any August since records began in January 1993, although slightly below economists’ forecast in a Reuters poll for £15.0 billion (S$29.8 billion). Public
      Reuters; BLOOMBERG  -  803 words
    • 690 20 Possible oil-price collapse is biggest risk: Alexei Kudrin Reuters [MOSCOW] Russia is on the brink of stagnation and only has limited time to brace for an impending global slump, former Finance Minister Alexei Kudrin told Reuters. Mr Kudrin, a
      Reuters; REUTERS  -  690 words
    • 635 20 Reuters [BRUSSELS] An EU-IMF report into whether Greece’s debt is manageable looks set to be delayed until after Nov 6 because policymakers want to avoid any shock to the global economy before the US election, EU officials and diplomats say. The
      Reuters  -  635 words
    • 397 20 Bloomberg [SYDNEY] Australia can’t rely on its resources boom to ensure better living standards over the next decade and the government needs to tighten its budget to create room for interest rate cuts, Trade Minister Craig Emerson said. A government
      Bloomberg  -  397 words
  • Page 20 Advertisements
    • 65 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices *QNB QNB SINGAPORE NEW OFFICE In line with our continuous efforts to provide our customers with the highest levels of banking services, we are pleased to inform that as of September 24th 2012, we are operating from our new address below: #27-01,
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    • 168 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KINDLE SOFTWARE PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****1099Z) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts or claims have
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  • WORLD
    • 701 21 Strategists point to errors by Romney, opinion polls show Obama is gaining momentum AP [DES MOINES, Iowa] In a presidential race seemingly frozen in place for months, the advantage has shifted toward President Barack Obama after a series of miscues by Mitt Romney, punctuated
      AP  -  701 words
    • 18 21 Branchen Stars R1C-A 17/09/2012 153,22 EUR 1 db X-MACRO Trading Index Fund I4D 13/09/2012 92,34 GBP
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    • 718 21 Report sees lower factory costs in US than Japan, Europe Reuters [BOSTON] Rising US factory productivity, spurred by falling natural gas prices, could help the nation boost exports of products such as locomotives and factory machinery and add as
      Reuters; AFP  -  718 words
    • 616 23 It offered to buy back US$20b of securities last week to cut funding costs Bloomberg [LONDON] Lloyds Banking Group plc’s £32 billion (S$63.6 billion) of excess reserves is whetting the appetites of bondholders eager for debt buybacks and pushing some of the bailed-out
      Bloomberg  -  616 words
    • 817 23 Reuters [ANTWERP] A quarter of 18-to-25-year-olds in Antwerp are jobless, up from 19 per cent in 2008. In some parts of Brussels, the Belgian and European capital and the third-richest region in the European Union, youth joblessness is as high as 40 per cent.
      Reuters; REUTERS  -  817 words
    • 401 23 Bloomberg [ZURICH] Adecco, the world’s biggest supplier of temporary workers, is rebuilding its US presence after “missing the boat” in the lucrative compu-ter-staffing market, chief executive officer Patrick De Maeseneire said. Adecco has struggled to keep up with the American market since doubling its
      Bloomberg  -  401 words
    • 429 24 US judge schedules Dec 6 hearing to discuss issues raised AP [SAN FRANCISCO] Neither side in a bitter patent battle is satisfied with Apple’s US$1 billion jury verdict over Samsung Electronics after a three-week trial this summer. Samsung wants a new trial. Apple
      AP  -  429 words
    • 183 24 Reuters [ZURICH] Swiss private bank Julius Baer plans to cut between 660 and 880 jobs at Bank of America Merrill Lynch’s overseas wealth management business as the integration of the newly acquired unit gets under way, a Swiss newspaper
      Reuters  -  183 words
    • 644 24  -  Manufacturers likely to shift China operations to other countries: report By ANTHONY ROWLEY in Tokyo EVEN as Japanese companies calculate the immediate cost of recent anti-Ja-pan demonstrations in China, it is becoming clear that beyond the damage to plants and lost output,
      644 words
    • 368 24 AFP [BANDAR SERI BEGAWAN, Brunei] Glittering jewels and the echoes of a 17-gun salute marked the climax of wedding celebrations for the daughter of one of the world’s wealthiest men, the Sultan of Brunei. Princess Hajah Hafizah Sururul Bolkiah, 32, and Pengiran Haji Muhammad
      AFP  -  368 words
    • 546 24 AP [MANILA] Termites, storms and neglect have damaged part of former Philippine first lady Imelda Marcos’ legendary stash of shoes and other vanity possessions, left behind after she and her dictator husband were driven into US exile by a 1986 popular revolt.
      AP; PHOTO: SURYANI OMAR  -  546 words
  • Page 21 Advertisements
    • 110 21 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,
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  • Page 22 Advertisements
    • 80 22 The Business Times is now on iPhone! Download the app for free from iTunes. Enjoy free breaking news and subscribe* for the full daily Business Times. ‘Get free access to premium content for up to 1 month when you subscribe on iTunes now. For a limited period only. •ml 4q
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  • Page 23 Advertisements
    • 83 23 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
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  • Page 24 Advertisements
    • 1115 24 WATS NOTICES NOTICE OF INTENDED DIVIDEND Name of Company Borders Pte Ltd (In Compulsory Liquidation) Address of Registered Office 8 Robinson Road #12-00 ASO Building, Singapore *****4 Court High Court of the Republic of Singapore Number of Matter Companies Winding Up No. 145 of 2011/N Last Day of Receiving Proofs
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  • AVIATION/SHIPPING
    • 939 25 Deal to build S-E Asia’s largest industrial estate still awaits Japan loans Reuters [NAYPYITAW, Myanmar] After months of negotiations and failed promises, a proposed multi-billion dollar Myanmar port and special economic zone that could transform South-east Asian trade appears back on track. Thai
      Reuters  -  939 words
    • 787 25 Tie-up seen putting a key strategic firm in foreign control AFP [LONDON] A proposed tie-up between British arms maker BAE Systems and European aerospace giant EADS has raised major concern in Britain on fears that it would put a key strategic company in foreign
      AFP; REUTERS  -  787 words
    • 584 25 Reuters [WASHINGTON] The Senate unanimously passed a bill on Saturday that would shield US airlines from paying for their carbon emissions on European flights, pressuring the European Union (EU) to back down from applying its emissions law to foreign carriers.
      Reuters  -  584 words
    • 255 25 SGX '000 Sep 21 S$ +/-Vol CH Offshore 0.46 unch 374 Chuan Hup Hldg 0.25 unch 159 Cosco Corp 0.99 unch 3992 s$ Ezra Hldgs 1.22 0.01 5339 First Ship Lea 0.13 unch 2633 Freight Links 0.07 unch 3374 Grand Banks 0.35 -0.01 3 Jaya Hold Ltd 0.57
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    • 3430 30 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
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  • Page 25 Advertisements
    • 34 25 LOOKING FORA LOCAL BUSINESS CONTACT? Find it STDirectory Air Con Services Des\gners T Vow \nter\oT DecoraW M Wi Aik ST I RECTORY sa Search from 16 categories with results showing maps, addresses and more.
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  • Page 25 Miscellaneous
    • 330 25 CRYPTIC CROSSWORD Across 9 Brothers’ keeper is more important (5) 10 Observer magazine (9) 11 Outside hospital, treated livers dry up and shrink (7) 12 Before much time has elapsed, peer angrily finishes working (5,2) 13 Best way after argument is rejected (5) 14 Conscious, but feel raw, as sick
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  • DINING OUT
    • 870 26  -  Bruno Menard of the defunct three-starred L’Osier in Tokyo now helms La Cantine By Jaime Ee NEW RESTAURANT La Cantine #01-01 Asia Tower 1 8 Marina View Tel: 6690-7567 Mon Fri: 8am 10pm Sat: 6pm 10pm YOU can take a chef out of a three Michelin-starred
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  • Page 26 Advertisements
    • 398 26 I KV *Vl V ‘VAVAILABLE ON 30 SEPTEMBER DURING SUNDAY INTERNATIONAL LUNCH triple IT'S FUN TO BE A MERITUS KID! three Bring your kid down to Triple Three for a day of family fun! Adults can partake in an afternoon session of feasting on Triple Three's signature dishes such as
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  • SINGAPORE STOCKS
    • 3429 27 Week ended: Sep 21 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 145 92.5 AIMSAMPIReit 137.5 -2.5 1256 141 137.5 136.5 137.5 6.1 13.2
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    • 257 28 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 $mil Tel Last 4.6 1.3 t Advanced System 1.9 unch 3654 2.1 1.9 1.9 2 25.2 Week Last Quote Div Gr Yld Net
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    • 118 28 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.650 +0.015 CapitaLand 3.170 +0.040 CapitaMall 1.970 +0.005 CityDev 11.630 +0.160 ComfortDelGro 1.700 +0.030 DBS Grp 14.500 +0.070 F&N 8.940 +0.050 GLP 2.620 +0.050 Genting SP 1.405 +0.005 Golden Agri 0.665 +0.005 HK
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    • 2208 28 Transaction date: Sep 21 HONG KONG Vol HK$ +/-'000 Aeon Stores 19.28 0.08 12 Angang Steel 4.08 0.04 8158 Anhui Conch 22.90 0.15 ***** Anhuiexpresswa 3.34 0.05 1926 Asia Satellite 24.00 0.20 16 Asm Pacific 90.85 -1.15 312 Bank Of E Asia 29.25 0.05 2123 Beida Jade Bir
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    • 216 28 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 44.5 25.5 AVJennings A28.5 -1 1 28.5 28.5 27 31.5 3.6 12.3 2.3 74.2 41.5 25.5 Genting HK US$ US33.5 -0.5 ***** 35 33 33 33.5 2205.8
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    • 186 28 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 3 2 0 0 0 12 3 2 Manufacturing 84 84 34 11 16 8 95 100 42 Commerce 38 21 19 8 6 4 46 27 23 Tpt/Stor/Comms 23 13 8
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    • 1107 28 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 127 114.4 ABF SG Bond ETF 120 -0.5 57 120.5 119.9 118.5 120 547.8 127.1 120.4 CIMB APAC Div 100S$D 127 +0.9 12 127 127 125.6
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    • 123 28 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 118,420 118,420 348,378 348,378 Manufacturing 2,217,657 691,002 2,908,659 1,531,708 14,628 1,546,336 Commerce 1,417,715 52,128 1,469,843 860,673 4,159 864,832 Tpt/Stor/Comms 554,117 78,800 632,917 745,591 23,978 769,569 Finance 142,491 7,881 150,372 639,865 3,492 643,357 Construction 453,635 23,095
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  • Page 28 Advertisements
    • 26 28 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
    • 623 29 Sep 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9113.30 9159.33 9103.95 Dec12 8975.00 9095.00 8975.00 9055.00 *****5 *****6 Mar13 9045.00 0 464 MSCI TAIWAN INDEX FUTURES SPOT 276.06 276.37 275.00 Sep12 275.50 277.20 274.70 276.40 ***** *****1 Oct12 275.10 277.10 274.80 276.20
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    • 373 29 In local curr In S$ In US$ dy yr dy yr dy yr Sep 21 Index Change Change Change Change Change Change World Preliminary 933.7 0.4 12.5 0.4 7.0 0.5 13.4 EAFE Preliminary 741.4 0.5 8.7 0.6 4.0 0.7 10.2 Europe Preliminary 1127.9 0.5 9.9
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    • 112 29 As on 21 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 596.25 590.65 590.15 650 GOLD FUT DEC2012 1787.80 1773.60 1778.30 35 CURRENCY EUR-USD FUT DEC2012 1.3056 1.2968 1.3005 1453 BASE METAL COPPER FUT DEC2012 8394 8333
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    • 107 29 Sep 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1621.75 1618.75 1639.00 1607.50 Jan 13 1622.00 1617.75 1637.50 1607.50 Mar 13 1579.50 1575.75 1594.50 1566.75 May 13 1526 1520 1537 1514.5 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 54.45
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    • 70 29 CRUDE OIL PRODUCTS Sep 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.07 0.44 WTI (Near Mth) 92.53 0.71 Dubai (1-Mth F) 104.55 -4.84 Tapis blend 111.27 -5.05 Minas 106.42 -5.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.44 -4.67 Jet Kerosene 126.96 -4.32 US$/barrel OpecOil Basket
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    • 23 29 Sep 21 Sep s$ Bid Offer 1-month 1.2240 1.2241 2-months 1.2240 1.2241 3-months 1.2238 1.2240 6-months 1.2233 1.2235 Source: OCBC
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    • 66 29 Sep 21 Sep 21 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2107.50 2098.25 3 months 2116.00 2110.00 Copper, Grade A(US$/tonne) Cash 8277.00 8263.00 3 months 8281.50 8270.00 Lead(US$/tonne) Cash 2280.00 2256.00 3 months 2288.00 2265.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
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    • 79 29 Sep 21 COCOA (£/tonne) Close Prev High/Low Dec 12 1626 1635 1639/1611 Mar 13 1613 1618 1620/1597 May 13 1618 1623 1626/1603 Jul 13 1623 1628 1632/1610 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2083 2041 Nov 12 2083 2041 2086/2051 Jan 13 2099 2056 2101/2065 Mar 13 2112 2071
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    • 1221 29 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 1 146 598 5.38 20 Conv Ratio Baker Technology Ltd W*****6 0.9 0.2 ***** 1 32 1 36.11 2 BakerTech W*****5 7.6 0.6 5683 1 27 6
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    • 470 29 Sep 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.021 6.606 0.808 8.123 56.102 100.139 0.819 11.731 3.204 1.261 99.170 43.649 1.282 8.665 0.978 30.733 32.313 0.645 1.048 Canada 0.979 6.468
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    • 58 29 Sep 21 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • 136 29 Sep 21 GOLD(US$/oz) Sep 21 Sep 20 Hong Kong 1784.00 1772.00 Sep 20 Sep 21 Sep 20 London 1771.59 1762.11 1772.55 1762.88 Source: Thomson Reuters CAST BAR Sep 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 167 70 5gm 474 348 10gm
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    • 88 29 Sep 21 Sep TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 20-Dec-12 0.29 6-Month BS*****X 21-Mar-13 0.3 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 99.98 5-Year N*****0Z 2.375 01-Apr-17
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    • 57 29 Sep 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2627.0 2675.0 2629.0 2556.0 83 3856 Nov 12 2743.0 2775.0 2759.0 2689.0 4463 ***** Dec 12 2801.0 2820.0 2815.0 2755.0 ***** ***** Jan 13 2858.0 2883.0
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    • 156 29 Sep 21 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2824 1.2826 1.0477 1.0478 Canadian dollar 1.2553 1.2560 1.0261 1.0255 Euro 1.5879 1.5884 1.2973 1.2976 NZ dollar 1.0164 1.0171 0.8304 0.8309 Sterling pound 1.9870 1.9878
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    • 121 29 As at 9am Sep 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.284 1.223 Euro 1.625 1.548 Sterling pound 2.022 1.945 NZ dollar 1.044 0.995 US dollar 1.240 1.193 Local dollars to 100 units of foreign
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    • 154 29 Sep 21 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.35 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.80 0.60 9 months 0.95 0.75 12
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  • Page 31 Advertisements
    • 137 31 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 Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds,
      137 words

  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 895 32  -  Symantec survey shows 91% of respondents are grappling with implementation concerns, writes AMIT ROY CHOUDHURY writesAMIT AMIT ROY CHOUDHURY INFORMATION governance is one of the biggest IT initiatives being undertaken by Singaporean companies, according to a recent study done by Symantec. The company’s
      895 words
    • 453 32  -  The firm is setting up its first Asia-Pac data centre here By AMIT ROY CHOUDHURY SINGAPORE will be the Asia-Pacific location from which IO, which provides modular data centre technology and services, will support Goldman Sachs un- der an agreement reached by
      453 words
    • 1080 32  -  <you say> By SAM BAXENDALE The author is associate director for Technology at Ambition, a specialist recruitment firm Contracting is more the norm than the alternative in many of the mature IT labour markets globally. In the United Kingdom, 70 per cent of IT
      1,080 words
    • 1488 33  -  Ajit Manocha, the CEO of GlobalFoundries, is a man with a mission to create the world’s best independent foundry. He shares his dream withAMIT ROY CHOUDHURY <the BizIT interview> withAMIT withAMIT ROY CHOUDHURY AJIT Manocha likes to say that he eats, drinks and dreams silicon.
      1,488 words
  • Page 32 Advertisements

  • Page 33 Advertisements
    • 685 33 Facing Your Challenges To Get Ahead STJOBS No.1 Who should attend: Executive Management, Middle Management, Marketing PR Professionals, HR Practitioners and Customer Service Managers. FULL-DAY WORKSHOPS Register at www.stjobs.sg/seminars No.1 Recruitment site in Singapore by Marketing Magazine (2011) OCT ‘12 1 MON Speak Clearly Confidently SPH News Centre (9.30am to
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  • Page 34 Advertisements
    • 171 34 u c rc _Q c o MONTBLANC NICOLAS RIEUSSEC CHRONOGRAPH OPEN HOME TIME A if I O o 7" r ONTBLA* Q: V o VT> 9 c3 o n W o or x E M A^^y\0 cn tn O f /J m O e o 3 0 &aphe V v5"
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