The Business Times, 1 October 2012
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2012-10-01
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The Business Times
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Title Section24 2012-10-01 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, October 1,201224 words
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Article, Illustration973 2012-10-01 1 ANDREA SOH - Demand to remain weak despite QE3 lift; inflation threat muted By ANDREA SOH [SINGAPORE] Prices of commodities, particularly metals, have been pushed up by looser global monetary policies, in a repeat of what occurred during the past two rounds of quantitative easing (QE) inREUTERS - 973 words
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924 2012-10-01 1 LYNN KAN - By LYNN KAN [SINGAPORE] The Singapore Exchange (SGX) has released a consultation paper aimed at making initial public offerings (IPOs) on the mainboard more accessible to retail investors. Two key proposals are being made raising the minimum allotment of public subscription924 words
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MARKETS DIGEST
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Article57 2012-10-01 1 Weekly Change ST INDEX 3,060.34 -17.89 KL COMP 1,636.66 +12.96 NIKKEI 225 8,870.16 -239.84 HANG SENG 20,840.38 +105.44 SET INDEX 1,298.79 +12.53 JAKARTA COMP 4,262.56 +17.94 MANILA COMP 5,346.10 +54.04 SEOUL COMP 1,996.21 -6.16 SHENZHEN B 573.43 +18.58 MUMBAI IND 18,762.74 +9.91 DOW 13,437.13 -142.34 NASDAQ 3,116.23 -63.73 S&P57 words
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Article17 2012-10-01 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.188 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Article49 2012-10-01 1 US$ S$ US$ (S$ per US$) 1.225 (US$/S$ per 1.624 1.989 EURO (US$/S$/E) 1.293 1.584 Foreign currency per US$ S$ YEN 77.60 63.30 RM 3.063 2.501 HK$ 7.754 6.331 BAHT 30.79 25.14 RUPIAH 9,580 7,821 RENMINBI 6.287 5.133 INDIAN RUPEE 52.67 43.00 A$ 0.957 0.781 NZ$ 1.199 0.97949 words
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Page 1 Advertisements
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Advertisement141 2012-10-01 1 DINING OUT Fern Kiwi proudly flies Kiwi flag PAGE 24 WALL STREET INSIGHT Pendulum swings further towards gloom PAGE 2 VIEWS FROM THE TOP Singapore showcase PAGES 8 9 BIZIT GE Healthcare IT sees growth in Asia-Pac PAGE 30 Is the world economy on an uptrend or a downtrend? Frederic141 words
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Advertisement26 2012-10-01 1 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. 8 *****1 *****426 words
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TOP STORIES
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Article465 2012-10-01 2 Commodity price gains may not last PRICES of commodities, particularly metals, have been pushed up by looser global monetary policies, in a repeat of what occurred during the past two rounds of quantitative easing in the US. However, with the exception of gold, economists are not expecting the465 words
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573 2012-10-01 2 RONNIE LIM - By RONNIE LIM [SINGAPORE] Trading of both physical and paper oil here remained subdued in Q3, continuing the trend earlier this year, though Singapore’s refineries surprised on the upside by recording higher margins in the July-September period, industry players said. “It573 words
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Article, Illustration929 2012-10-01 2 CAI HAOXIANG - Companies’ board governance and risk mgmt processes being scrutinised Reports by CAI HAOXIANG [SINGAPORE] The revised Code of Corporate Governance is prompting Singa-pore-listed companies to relook their board governance and risk management processes. Corporate governance stakeholders such as auditors, lawyers and directors say929 words
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275 2012-10-01 2 THE Securities Investors Association (Singapore) (SIAS) will hold the third Singapore Corporate Governance Week from today to Friday. A key feature of the week-long programme is a “Statement of Support” to be signed by corporates to uphold and advance good corporate governance standards. This statement,275 words
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847 2012-10-01 2 ROB CURRAN - WALL STREET INSIGHT By ROB CURRAN LAST week, the stock-market pendulum swung away from stimulus ebullience, and this week it may swing further into doom and gloom. Economic data, the political balance of power, corporate outlooks and euro-debt pressures are as disquieting as at any847 words
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Article, Illustration1050 2012-10-01 3 VEN SREENIVASAN - SIA vulnerable to competition from new carriers and Asia-Pacific hubs By VEN SREENIVASAN [SINGAPORE] Cut-throat price competition, a widening mismatch between capacity and demand, and slowdowns in the huge China and India markets are eroding yields, pricing power and margins of Asian carriers.REUTERS - 1,050 words
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405 2012-10-01 3 LYNN KAN - By LYNN KAN [SINGAPORE] THE government will consider tightening the foreign workforce inflow further in order to push Singapore companies toward higher productivity business models and away from labour-intensive growth, said Acting Manpower Minister Tan Chuan-Jin yesterday. “We will monitor closely over the405 words
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Page 2 Advertisements
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Advertisement142 2012-10-01 2 Investment Forum: The Search for Attractive Income mzsmrm. Am Forum Svnoosis Sneakers The search for attractive income will be the DEFINING THEME Mr.Gerard Clancy Sales Director for the next decade Identifying ATTRACTIVE risk-adjusted return opportunity. How best to position yourself to TAKE CHARGE OF MARKET Threadneedle Asset Management Why you142 words
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Advertisement58 2012-10-01 3 COMMERCIAL Ground Floor Corner F&B Shop off Chun Tin Rd FOR RENT! Ideal for restaurant, café and eating house Floor area approx 1948 sq ft Near Shopping Centres Future MRT station Surrounded by private housing HDB Estate Expression of Interest Closing 23rd Oct 2012, 3pm.) Agency Licence No.L*****36J Andy Ng58 words
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Advertisement61 2012-10-01 3 ASIA IS DRIVING THE WORLD ECONOMY. WE SEE THE ROAD AHEAD. Change defines our times nowhere more so than in Asia. Your legal adviser should see change coming and understand its implications wherever it arises. We are a leading Asian and global law firm with the vision to help our61 words
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COMPANY NEWS
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COMPANY BRIEFS
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85 2012-10-01 4 THE independent financial adviser to Fraser Neave (F&N) independent directors, JP Morgan (SEA), will send out its recommendation on TCC Assets Limited’s offer for the company on or before Oct 11. TCC Assets, the investment vehicle of Thai Beverage tycoon Charoen Sirivadhanabhakdi, offered85 words
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Article40 2012-10-01 4 TT International Limited has set aside $63 million in its audited accounts for FY2011 and FY2012, respectively, to meet the potential liabilities and expenses related to the fees of nTan Corporate Advisory, a scheme manager.40 words
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Article260 2012-10-01 4 Sept 28 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 ...5.75260 words
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Article, Illustration855 2012-10-01 4 SIOW LI SEN - Major focus now on trade finance and cash management, balanced biz strategy By SIOW LI SEN BNP Paribas remains in expansion mode in Asia Pacific, with a focus on trade finance and corporate business, says bank chairman Baudouin Prot. Expanding its business in the region855 words
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Article290 2012-10-01 4 COMPANY MEETING PLACE DATE TIME Broadway Ind'l E 65 Chulia Street 50th Floor OCBC Centre West Lobby 01-Oct 2.30pm Enviro-Hub Hldgs E No 3 Tuas Avenue 2 01-Oct 10.00am China Paper S RELC Int'l Hotel Tanglin 1 Level 1 30 Orange Grove Road 02-Oct 10.00am Kreuz Holdings E290 words
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Advertisement294 2012-10-01 4 ii International Green Building Conference 2012 Singapore Proudly Presented by V' SINGAPORE GREEN BUILDING COUNCIL By implementing sustainable practices, all businesses can become more cost effective to operate. Small business owners may think the cost and trouble of going green isn't worth the return, but the fact is each eco-friendly294 words
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Advertisement51 2012-10-01 4 /4Hfl/Aer fair you. rK pAt% m \v a vv>' i .V; L/t t s>\ \^y V \v w klSS92 All the great songs FM in one place pFivAit isLau} tSCApt AWAi'is you Tune in to Kiss 92 now to win kiss92.sg Ufacebook.com/kiss92fm @kiss92fm Partner: Hanging out. More fun in the51 words
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COMPANY NEWS
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Article2089 2012-10-01 5 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd FTER posting heavy purchases for four straight weeks, the buying slowed with 14 companies recording 24 acquisitions worth $11.5 million, based on filings on the Singapore Exchange in the last week of2,089 words
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Advertisement71 2012-10-01 5 CreditSuisse ft rvA A 7 A •I h f* ¥*> I X i I r > K r n > ■i: W i r. t *5M y r f. ri f fl r y I 1 V-! k I a r t in > A 4 V/r i >5 5\|71 words
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SINGAPORE MARKETS
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Article, Illustration585 2012-10-01 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent Markets this week will continue to focus on economic developments in China, Europe and the US while simultaneously pondering the real effectiveness of monetary expansion, because despite the vast cash injections by central banks over the past couple585 words
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610 2012-10-01 6 CURRENCIES Bloomberg [NEW YORK] The Dollar Index fell by the most since the first quarter of 2011 after the European Central Bank pledged to protect the euro from unravelling and the Federal Reserve committed to reduce unemployment via open-endedBloomberg - 610 words
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558 2012-10-01 6 COMMODITIES AFP [LONDON] Commodity markets enjoyed mixed fortunes last week as traders eyed growing speculation about a full bailout of debt-plagued Spain, and amid rising doubts over the US Federal Reserve’s stimulus plan. “Commodity prices were broadly down over the week as EuropeanAFP - 558 words
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Article1521 2012-10-01 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.00 2.00 2 10.00 14.10 1.42 1.41 Amtek Engineering Ltd 2.67 2.67 6 0.07 6.84 0.71 0.61 ARA Asset Management 1.33 1.381,521 words
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Article65 2012-10-01 6 Sep 28 VALUE CLOSE BT OB/OS 121.00-250.00 BT CADI -*****.00 +2.00 BT 10-day MA -*****.00 +12.00 FTSE ST Mid Cap 737.84 +0.56 FTSE ST Small Cap 498.27 -1.46 FTSE ST All Share 747.95 +0.16 FTSE ST China Top 202.07 -0.29 FTSE ST China 219.71 -0.19 FTSE ST65 words
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Article58 2012-10-01 6 VOLUME SingTel 652,616,000 Golden Agri 629,584,000 Thai Beverage 452,087,000 AusGroup 230,953,000 Yoma 215,320,000 GSH Corp 191,414,000 IPCO Intl 186,254,000 Inno-Pac 173,924,000 SingXpress 165,408,000 Noble Grp 145,338,000 VALUE($) SingTel 2,091,782,725 Asia Pac Brew 1,195,890,700 Golden Agri 409,635,303 DBS Grp 263,027,750 F&N 202,092,725 GLP 198,052,067 UOB 195,592,156 Noble Grp58 words
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Article113 2012-10-01 6 BY CENTS CLOSE UP DBXT AUDCS 5AU$ ***** 281.5 1.1 DBXT Nifty 10US$ ***** 253.4 1.9 DBXT AUD Bonds 5AU$ ***** 226.5 1.0 IS S&P500 ***** 225.3 1.3 JMH 5690 195.9 2.9 DBXT iBoxxSing 5SG$ ***** 84.0 0.6 Great Eastern 1522 72.0 5.0 JSH 3392 57.5 1.4 Lyxor India113 words
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Article130 2012-10-01 6 BY CENTS CLOSE DOWN DBXT DBLCI-OY 5US$ 4028 -112.6 -2.2 DBXT E50 10US$ 3834 -111.4 -2.3 Jardine C&C 4810 -110.0 -2.2 DBXT MSUSA 10US$ 3500 -84.5 -1.9 DBXT FTVietnam 10US$ 2023 -63.7 -2.5 DBXT MSJAP 10US$ 3544 -60.0 -1.4 DBXT MSEurope 10US$ 4542 -47.8 -0.9 DBXT MSAsExJp 10US$ 3115130 words
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578 2012-10-01 7 Yap Wai Ming; Timothy Cooke - ASK Yap Wai Ming partner Timothy Cooke registered foreign counsel QUESTION: My company has recently instructed a professional services firm to advise it in relation to a significant transaction that involves another company. The firm has told me that it provides services to the578 words
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Article, Illustration229 2012-10-01 7 Allen Gledhill donates $150K to NUS Law Fac BIG Four law firm Allen Gledhill has donated $150,000 to the National University of Singapore’s (NUS) Faculty of Law to set up a scholarship. The bond-free Allen Gledhill Scholarship will support “academically exceptional but financially needy” undergraduates enrolled at the Faculty of229 words
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Article697 2012-10-01 7 Payment Ex Books Pay Ann (cts) date close date date Ace Achieve Infocom bo 0.300 09-Nov 14-Nov 28-Nov 30-Aug Amtek Engrg ak 2.200 01-Nov 05-Nov 23-Nov 27-Aug ASL Marine ak 1.750 01-Nov 05-Nov 19-Nov 16-Aug Aspial Corp ay 0.750 08-Oct 10-Oct 27-Nov 12-Sep AUS Group ak 0.640 31-Oct697 words
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Advertisement44 2012-10-01 7 Credit Suisse r n (mil L i-Vi RU ESCAPE olce UStQ mi W Hi 3?? Nescafe //2 kid m r ■iT y*9. "C‘ ~TTiir ys- -v u LAURENT FREIXE BRINGS A FRESH PERSPECTIVE TO NESTLE’S GROWTH. Credit Suisse is adding an extra dimension. credit-suisse.com/clients44 words
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Advertisement101 2012-10-01 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 such101 words
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VIEWS FROM THE TOP
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Article, Illustration2716 2012-10-01 8 THIS WEEK’S TOPIC: What can be done to make the Singapore Grand Prix even better as a global showpiece and a local treasure? Should Singapore consider more of such iconic projects, and if so, what? Andrew Georgiou Chief Operating Officer World Sport Group THERE is no doubt thatAP - 2,716 words
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Advertisement60 2012-10-01 9 JljM 0201 a 'vtsrrKO REAY£AR m m PIK-Pit 4. t I Experience global networking on a whole new scale Korean Air offers one of the largest global networks in the industry, connecting 122 cities in over 42 countries. Fly Korean Air and the world becomes your stage. m ft r..60 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1258 2012-10-01 10 PAUL SULLIVAN - Impact investing is all the rage now with philanthropists keen to know if their money is delivering intended results, says PAUL SULLIVAN NYT [NEW YORK] ALL philanthropists want their donations to mean something, be it for a new wing for a hospital or toNYT - 1,258 words
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Article, Illustration1193 2012-10-01 10 TEH SHI NING - Entrepreneurship is best way for S’pore to survive in next 50 years, Gushcloud CEO tells TEH SHI NING STARTING YOUNG TEH SHI NING IF Singapore were to disappear today what would the world miss? The answer, Vincent Ha hopes, will be a company of1,193 words
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Advertisement157 2012-10-01 10 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to157 words
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Advertisement423 2012-10-01 11 20i D 4 C0/f I k ,4«j CGweek 3 rd SINGAPORE CORPORATE GOVERNANCE WEEK 2012 4k w W y si As Towards Excellence in Corporate Governance sots STATEMENT OF SUPPORT “As an Organisation, we are committed to upholding high standards of corporate governance to enhance shareholder value. We believe, practising423 words
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MALAYSIA/INDONESIA
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1136 2012-10-01 12 Tensions between partners surface after Bumi launches financial probe of PT Bumi Resources Reuters [LONDON] Indonesia’s Bakrie family is facing a potential split with business tycoon Samin Tan, who pulled the Bakrie Group from the brink of default when he invested US$1Reuters - 1,136 words
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Article, Illustration454 2012-10-01 12 To YTL MD, building brand is a longterm commitment [KUALA LUMPUR] For Francis Yeoh, the managing director of YTL Corp Bhd, building the company’s brand is more than just about above-the-line and below-the-line campaigns. It is a long-term commitment to building aTHE STRAITS TIMES FILE PHOTO - 454 words
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331 2012-10-01 12 Bloomberg [LONDON] ING Groep, the Dutch financial firm selling assets to comply with European Union orders, is moving closer to the sale of its Asian insurance business after selecting preferred bidders for the Malaysian and Thai operations as well asBloomberg - 331 words
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Article1627 2012-10-01 12 VOL Sep 28 RM +/-(‘000) VOL Advance Synerg 0.15 unch 303 Adventa Bhd 1.82 0.02 217 Ae Multi Hldgs 0.21 -0.01 62 Affin Holdings 3.37 0.01 548 Ahmad Zaki Res 0.68 0.01 8 Airasia Bhd 3.02 0.07 ***** Alliance Finan 4.09 0.03 2224 Aluminium Co 0.79 unch 01,627 words
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Advertisement48 2012-10-01 12 Work better, work with nature. Experience the first complete SERVICED OFFICE situated in a unique environment, with business solutions to support your every need. Arrange for your personal tour now: 6692 8000 or 9697 8910 info@greenhub.com.sg www.greenhub.com.sg +#2269>7 ;2#<?523 /$*52! 1 =827>#6 -8#: 1 ;?6"8%4#2 )..0)’ AGENTS WELCOME48 words
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GREATER CHINA/INDIA
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714 2012-10-01 13 Fiscal deficit may hit 6.1% of GDP if subsidies are not slashed, it warns Reuters [NEW DELHI] India is on the edge of a “fiscal precipice” and should urgently slash fuel, food and fertiliser subsidies to curb a budget deficit that could hitReuters - 714 words
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851 2012-10-01 13 What to give a Chinese boss who has it all or nothing? Political uncertainty delaying gift givers’ purchases this year AFP [HONG KONG] Giving gifts is crucial if you want to get ahead in Chinese politics or business, but what do you do when you don’t know whether your bossAFP - 851 words
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Advertisement116 2012-10-01 13 Confidence to invest That’s what commercial lenders can achieve when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world partner with us to manage virtually every kind116 words
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ECONOMY WATCH
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Article, Illustration1004 2012-10-01 14 Obama getting big boost from fact that the economy is growing, but slowly NYT [WASHINGTON] Both economists and the Romney campaign are puzzling over the same paradox: the recovery has flagged and yet the country’s mood appears to be improving. Despite monthsNYT; AFP - 1,004 words
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476 2012-10-01 14 WP [GENEVA] The World Trade Organization has agreed to look into whether US anti-subsidy duties affecting US$7.3 billion of Chinese products such as solar panels, thermal paper, wind towers and steel wire violate global commerce rules. The Geneva-based trade arbiter said onWP - 476 words
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Advertisement143 2012-10-01 14 BG Singapore Gas Marketing is currently holding its annual open season for potential buyers of regasified LNG (liquefied natural gas) within Singapore. The new regasification terminal currently under construction by Singapore LNG Corporation (SING) is scheduled to start operations in the second quarter 2013. BG Singapore has been appointed by143 words
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Advertisement1198 2012-10-01 15 ADVERTORIAL Championing manufacturing for 80 years THIS year, the Singapore Manufacturing Federation, the main supporting pillar of Singapore’s manufacturing sector since 1932, celebrates its 80th anniversary with an update of its name and logo. On the evening of Saturday, 29 September 2012, the name change was formalised at the Federation’s1,198 words
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Advertisement1061 2012-10-01 16 ADVERTORIAL Changing with the times The SMF now stands for the interests of the entire redefined manufacturing value chain TODAY, the Singapore Manufacturing Federation (SMF) represents not only factory-owning manufacturers, but all the industries and services within the manufacturing value chain. The journey to reach this point began in 1932,1,061 words
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Advertisement1215 2012-10-01 17 ADVERTORIAL Aligning with global standards AS the umbrella body representing and forwarding the interests of not only the manufacturing industries but the entire manufacturing value chain in Singapore, the Singapore Manufacturing Federation contributes much to Singapore’s strong economic development and consistent ability to align with international standards. SMF’s six Centres1,215 words
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Page 18 Advertisements
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Advertisement521 2012-10-01 18 ADVERTORIAL Developing the talent pool: Bringing back effective employment SMF is strongly involved in helping mature workers to improve their employability and productivity. Just this year, the Federation launched Silver Productivity, Singapore’s first ever training programme to develop the productivity of mature workers. The programme will potentially affect more than521 words
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WORLD
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Article, Illustration915 2012-10-01 19 Allowing banks to use junk bonds as collateral will reduce impact of rating cuts Reuters [FRANKFURT] A little-no-ticed move by the European Central Bank is likely to encourage Spain to apply for a bailout and lessen the impact of ratings agency downgradesReuters; REUTERS - 915 words
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740 2012-10-01 19 Bloomberg [TORONTO] Research In Motion Ltd’s sales of the BlackBerry smartphone trounced estimates last quarter as it gained ground in emerging markets, signalling that the company may still have a future in the age of the iPhone. RIM shares jumped as muchBloomberg - 740 words
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843 2012-10-01 20 The great American bankruptcy sale online Auctions feature even assets such as plots in a cemetery as trustees try to get higher prices Bloomberg [NEW YORK] Trustees across the United States are turning to Internet marketplaces such as eBay Inc, the world’s largest, to fetch higher prices for assets, boostingBloomberg - 843 words
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Article, Illustration531 2012-10-01 20 AFP [LAGUIOLE, France] Residents of Laguiole, a village synonymous with the manufacture of France’s most famous knives, have symbolically “unnamed” the place in protest at losing control of the name. The villagers are furious that the name Laguiole has passed intoAFP - 531 words
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Article, Illustration518 2012-10-01 20 But he alone cannot amend rules barring her from power AFP [YANGON] Myanmar leader Thein Sein has said in an interview he would accept democracy champion Aung San Suu Kyi as president if elected, but added he could not alone amend rulesAFP - 518 words
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719 2012-10-01 20 But analysts do not rule out another run to record high Reuters [LONDON] The Federal Reserve’s multi-billion dollar, open-ended monetary easing pledge is being hailed as the catalyst for another crack at record highs in gold, but its failure to sparkReuters - 719 words
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Article, Illustration737 2012-10-01 22 Country also faces imminent threat of Moody’s sovereign debt downgrade AFP [MADRID] After four years fighting the markets and a mushrooming economic crisis, Spain appears finally poised to cave in and apply for a sovereign bailout. The economic descent has accelerated in theAFP - 737 words
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175 2012-10-01 22 AP [COX’S BAZAR, Bangladesh] Thousands of Bangladeshi Muslims angry over an alleged derogatory photo of the Islamic holy book Quran on Facebook set fires in at least 10 Buddhist temples and 40 homes near the border with Myanmar. The violence began late on Saturday andAP - 175 words
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667 2012-10-01 22 Drax Group to spend US$1 b on producing clean energy Bloomberg [LONDON] More than two centuries after coal power helped forge the world’s first industrial economy, Britain is going back to burning wood. Drax Group will spend US$1 billion to turn Britain’sBloomberg - 667 words
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466 2012-10-01 22 Reuters [LONDON] Some banks are turning to performance coaches to give their traders an edge in the battle to make money in the US$4.5 trillion dollar a day foreign exchange (FX) market. This soft skills approach contrasts with the popular stereotype of FX tradersReuters - 466 words
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Advertisement87 2012-10-01 19 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, grow87 words
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Advertisement478 2012-10-01 20 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 AND IN THE MATTER OF UOB EQUITY HOLDINGS (PTE) LTD (In Member’s Voluntary Liquidation) (Company Reg. No. *****0633W) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final478 words
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Advertisement956 2012-10-01 21 9 W TIV aircare<» novita THE LIFESTYLE MAKERS nitize sterilize KIT CHAN SINGER/ACTRESS NOVITA BRAND AMBASSADOR t AIR sterilization "■60% 95.50% Jw ELIMINATION STEER CLEAR OF THE HAZE 01 07 October Twin Pack Promo NOW ON! SURFACE SANITIZATION 99.99% E Coli Salmonella 99.00% Yeast Mold elimination Perfecting Air Quality The956 words
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Advertisement252 2012-10-01 22 Have a slice on us We’re 36 and want to celebrate with you! Present this copy of The Business Times at Hilton Singapore’s Checkers Deli for a complimentary slice of this celebrated cheesecake. The first 360 readers to do so today and each work day this week will be treated252 words
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AVIATION/SHIPPING
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Article, Illustration675 2012-10-01 23 The US$4.5b deal may help China gain more control over its energy supply chain Bloomberg [BEIJING] A group of stateowned Chinese shipping companies have placed a US$4.5 billion order for 50 supertankers, throwing a financial lifeline to China’s struggling shipbuilders, a newspaper reported.Bloomberg; BLOOMBERG - 675 words
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823 2012-10-01 23 Bloomberg [NEW YORK] FedEx Corp and competing cargo airlines are finding their yields squeezed in an economy that Alan Greenspan once observed is putting good things in ever-smaller packages. Both FedEx and United Parcel Service Inc have posted drops in revenue per packageBloomberg - 823 words
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352 2012-10-01 23 Bloomberg [LONDON] The Baltic Dry Index had its worst quarter in 14 years as an expanding fleet and weaker demand weighed on charter costs for the two largest classes of vessels it tracks. The gauge’s average level of about 848 since theBloomberg - 352 words
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418 2012-10-01 23 Reuters [NEW DELHI] Airlines flying to Indian airports could face an auction for peak-time landing slots in a shake-up of aviation policy under the government’s economic reform drive. The authorities are also in talks with suppliers to cut taxes on aircraftReuters - 418 words
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3514 2012-10-01 28 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 Destination3,514 words
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Advertisement34 2012-10-01 23 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.34 words
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Page 23 Miscellaneous
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Miscellaneous318 2012-10-01 23 CRYPTIC CROSSWORD Across 1 Obvious profit share (5-3) 6 Dancing permitted by graduate student? (6) 9 Short introduction to short shorts (in the USA) (6) 10 Votes against taking on colliery candidates (8) 11 Official document showing father’s recreation? (8) 12 Unfortunately rejected Rodney’s case for pay (6) 13 Omit318 words
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DINING OUT
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Article, Illustration490 2012-10-01 24 Cheah Ui-Hoon - A mean tomahawk in town come with a huge appetite NEW MENU Il Cielo Level 24, Hilton Hotel 581 Orchard Road Tel: 6730 3395 Opening hours: 12-2.30pm (Mon to Fri), 7pm-10.30pm (Mon to Sun); bar 6pm-12 midnight (Mon to Sun) By Cheah Ui-Hoon THE tomahawk the steak on the bone490 words
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Article, Illustration890 2012-10-01 24 DEBBIE YONG - Fern and Kiwi adds a new flavour to Clarke Quay cluster, says DEBBIE YONG NEW RESTAURANT Fern and Kiwi Clarke Quay, 3E River Valley Road Tel: 6535 6746 Email: info@fernandkiwi.com IF you tend to band Australians and New Zealanders into the same Antipodean cluster with890 words
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Advertisement275 2012-10-01 24 > f/ m J J*. k L Jr** dJ£k3 >diW> v z .‘XfJsktmk ;?-i T| I BMP Silken Scallop Egg White topped with Hairy Crab Roe 0?i SAVOUR DELECTABLE HAIRY CRABS 1 October 30 November 2012 Prized for its luscious roe and succulent meat, the hairy crab is back in275 words
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SINGAPORE STOCKS
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Article3406 2012-10-01 25 Week ended: Sep 28 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 Company Last Sale Vol ('000) 145 92.5 AIMSAMPIReit 141 +3.5 2426 141 138 140 141 5.9 13.5 632.1 High3,406 words
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Article298 2012-10-01 26 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 $mil Last 4.6 1.3 t Advanced System 2 +0.1 3919 2 1.9 2 2.1 26.5 Week Last Quote Div Gr Yld Net M298 words
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Article114 2012-10-01 26 Stock name Close Change CapMallsAsia 1.650 -0.010 CapitaLand 3.180 -0.010 CapitaMall 2.020 +0.020 CityDev 11.740 +0.140 ComfortDelGro 1.715 +0.040 DBS Grp 14.390 +0.020 F&N 8.880 -0.010 GLP 2.510 Genting SP 1.370 -0.005 Golden Agri 0.660 -0.005 Stock name Close Change HK Land 6.010 +0.010 IHH Healthcare114 words
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Article2197 2012-10-01 26 Transaction date: Sep 28 HONG KONG Vol HK$ +/-'000 Aeon Credit 7.00 unch 4 Aeon Stores 19.70 -0.30 18 Angang Steel 4.00 unch ***** Anhui Conch 24.15 unch 9859 Anhuiexpresswa 3.33 0.03 232 Asia Satellite 23.00 unch 0 Asm Pacific 91.75 2.80 1266 Bank Of E Asia 29.102,197 words
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Article216 2012-10-01 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 39.5 25.5 AVJennings A30.5 +2 431 30.5 28 30 32 3.6 11.5 2.4 79.4 41.5 25.5 Genting HK US$ US32 -1.5 ***** 33.5 32 32 32.5 2107216 words
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Article186 2012-10-01 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 10 1 0 0 0 6 10 1 Manufacturing 80 77 34 11 12 7 91 89 41 Commerce 31 33 14 7 6 4 38 39 18 Tpt/Stor/Comms 20 20 5186 words
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Article1053 2012-10-01 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124.9 114.4 ABF SG Bond ETF 120.5 +0.5 92 122.8 118.1 119 123 550.1 127.1 120.4 CIMB APAC Div 100S$D 127 126.2 127.1 103.1 95.8 CIMB1,053 words
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Article123 2012-10-01 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 97,060 97,060 291,993 291,993 Manufacturing 1,834,225 358,505 2,192,730 2,386,409 8,086 2,394,495 Commerce 765,785 92,560 858,345 533,926 3,820 537,746 Tpt/Stor/Comms 1,053,729 99,970 1,153,699 2,540,206 30,833 2,571,039 Finance 257,318 11,183 268,501 740,429 4,974 745,403 Construction 648,166 13,681123 words
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FINANCE & COMMODITIES
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Article638 2012-10-01 27 Sep 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8986.63 8989.08 8838.85 Dec12 8940.00 9000.00 8840.00 8875.00 ***** *****3 Mar13 8865.00 0 1023 MSCI TAIWAN INDEX FUTURES SPOT 274.05 275.00 272.94 Oct12 274.70 275.60 272.80 275.40 ***** *****3 Nov12 274.80 274.80 274.80 275.50638 words
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373 2012-10-01 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 28 Index Change Change Change Change Change Change World Preliminary 914.3 -0.7 10.2 -0.9 4.8 -0.8 10.8 EAFE Preliminary 723.1 -0.9 6.0 -1.1 1.2 -1.0 7.0 Europe Preliminary 1095.1 -1.1 6.7373 words
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Article, Illustration112 2012-10-01 27 As on 28 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2012 1784.40 1773.50 1774.10 21 INDIA GOLD (E-GOLD) FUT DEC2012 596.15 592.30 595.35 525 CURRENCY EUR-USD FUT DEC2012 1.2970 1.2850 1.2873 3081 BASE METAL COPPER FUT DEC2012 8322 8270112 words
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Article107 2012-10-01 27 Sep 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1601.00 1570.75 1613.75 1559.50 Jan 13 1602.75 1571.25 1614.75 1559.25 Mar 13 1564.25 1524.00 1573.50 1508.50 May 13 1521.50 1479.00 1525.00 1464.5 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 52.18107 words
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Article70 2012-10-01 27 CRUDE OIL PRODUCTS Sep 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.74 2.53 WTI (Near Mth) 92.13 2.11 Dubai (1-Mth F) 107.27 0.42 Tapis blend 114.17 0.6 Minas 109.32 0.6 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.11 0.83 Jet Kerosene 129.05 0.29 US$/barrel OpecOil Basket70 words
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Article22 2012-10-01 27 Sep 28 S$ Bid Offer 1-month 1.2243 1.2254 2-months 1.2243 1.2254 3-months 1.2243 1.2254 6-months 1.2240 1.2252 Source: OCBC22 words
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Article66 2012-10-01 27 Sep 28 Sep 28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2084.75 2079.50 3 months 2112.00 2108.00 Copper, Grade A(US$/tonne) Cash 8211.50 8180.00 3 months 8205.00 8175.00 Lead(US$/tonne) Cash 2274.25 2261.00 3 months 2280.00 2270.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 366 words
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Article80 2012-10-01 27 Sep 28 COCOA (£/tonne) Close Prev High/Low Dec 12 1631 1601 1649/1617 Mar 13 1625 1595 1640/1610 May 13 1632 1602 1647/1619 Jul 13 1638 1608 1652/1626 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2188 2188 2193/2161 Nov 12 2182 2188 2202/2143 Jan 13 2195 2201 2211/2152 Mar 13 220880 words
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1213 2012-10-01 27 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 unch ***** 1 32 -2 37.22 2 BakerTech W*****5 9.1 1.5 2260 1 27 81,213 words
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Article471 2012-10-01 27 Sep 28 US$ A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.023 6.571 0.808 8.104 55.053 100.135 0.811 11.621 3.202 1.253 99.064 43.603 1.280 8.598 0.978 30.640 32.183 0.644 1.045 Canada 0.977471 words
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Article62 2012-10-01 27 Sep 28 (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 rates62 words
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Article137 2012-10-01 27 Sep 28 GOLD(US$/oz) Sep 27 Sep 28 Hong Kong 1764.00 1788.00 Sep 28 Sep 28 Sep 27 London 1773.84 1766.28 1775.06 1767.29 Source: Thomson Reuters CAST BAR Sep 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 168 70 5gm 478 350 10gm137 words
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Article88 2012-10-01 27 Sep 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 27-Dec-12 0.29 6-Month BS*****X 21-Mar-13 0.3 1-Year BY*****T 02-May-13 0.3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 102.11 5-Year N*****0Z 2.375 01-Apr-17 108.7388 words
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Article57 2012-10-01 27 Sep 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2480.0 2480.0 2480.0 2390.0 512 3333 Nov 12 2560.0 2545.0 2564.0 2461.0 2158 ***** Dec 12 2632.0 2607.0 2634.0 2534.0 ***** ***** Jan 13 2702.0 2682.057 words
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Article154 2012-10-01 27 Sep 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2794 1.2811 1.0450 1.0455 Canadian dollar 1.2503 1.2516 1.0215 1.0212 Euro 1.5835 1.5849 1.2934 1.2935 NZ dollar 1.0208 1.0220 0.8338 0.8341 Sterling pound 1.9878 1.9899 1.6236 1.6240154 words
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Article121 2012-10-01 27 As at 9am Sep 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.31 1.248 Can dollar 1.278 1.218 Euro 1.62 1.543 Sterling pound 2.028 1.95 NZ dollar 1.047 0.998 US dollar 1.243 1.196 Local dollars to 100 units of foreign121 words
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Article160 2012-10-01 27 Sep 28 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.375 US$ 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 12160 words
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Advertisement28 2012-10-01 28 Corrs: Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE. CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times28 words
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Advertisement18 2012-10-01 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Advertisement125 2012-10-01 29 TO ADVERTISE IN .The Business Times I HL UUJII'JLJJ IllVItJ Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 nt. uujiimi jj iivii Shipping Times Highlight Your125 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration947 2012-10-01 30 AMIT ROY CHOUDHURY - IT solutions in healthcare are a big draw in S’pore and the region thanks to an ageing but tech-savvy population, the firm’s top exec tellsAMIT ROY CHOUDHURY AMIT ROY CHOUDHURY WITH the Asia-Pacific healthcare industry expected to grow at a compound annual rate947 words
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613 2012-10-01 30 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY THE mobile device of choice for Singaporeans is the smartphone. According to GfK, which tracks consumer buying habits, in the one-year period till June, 63 per cent of the 2.93 million phones sold in the citystate were smartphones.613 words
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638 2012-10-01 30 LOO PO LI - S’poreans will switch to rivals if they don’t get it from one point By LOO PO LI CONSUMERS in Singapore are demanding better service and will switch to the competition if they don’t get it, according to a survey by US-based Avaya,638 words
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Article, Illustration216 2012-10-01 30 GOOGLE’S well-received seven-inch tablet, the Nexus 7, finally went on sale in Singapore last Saturday at all major retail stores and specialist electronic outlets, including Challenger, Best Denki, Harvey Norman and Newstead. Like in the rest of Asia, only the 16-gigabyte (GB) version of theBLOOMBERG - 216 words
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201 2012-10-01 30 Bloomberg [WASHINGTON] Samsung Electronics Co can pursue its efforts to rescind a ban on US sales of the Galaxy Tab 10.1 tablet computer that’s part of a dispute with Apple Inc, a US appeals court said. The court said on Friday thatBloomberg - 201 words
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Advertisement134 2012-10-01 31 data for: t 1 i •r ou; iN t t a JB S >N lm o f> If" 1 I I k* S- ►M- 4 S' im c Fwt /VI r ■i ai 4*" i r c7 e* I P f i H- A Data is everywhere. Making it work134 words
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Advertisement115 2012-10-01 32 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 wealth115 words
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