The Business Times, 9 October 2012

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Total Pages: 36
1 36 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, October 9, 2012
    25 words
  • 942 1  -  Developers sanguine about mortgage curbs, consultants see more tightening ahead By MINDY TAN [SINGAPORE] Bank and property stocks fell yesterday as the market weighed the possibility following last week’s mortgage curbs that the government was prepared to step in with more measures
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,076.65 (-31.22) HST INDEX FUTURES 3,076.00 (-32.00) HSIMSCI 351.27 (-2.96) HSIMSCI FUTURES 351.50 (-3.00) US$ S$ US$ (S$ per US$) 1.231 (US$/S$ per 1.609 1.979 EURO (US$/S$/€) 1.297 1.596 Foreign currency per US$ S$ YEN 78.30 63.70 RM 3.067 2.492 HK$ 7.753 6.300 BAHT 30.65 24.91 RUPIAH
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    • 49 1 Monday Change KL COMP 1,660.22 -0.01 NIKKEI 225 8,863.30 +38.71 HANG SENG 20,824.56 -187.82 SET INDEX 1,304.71 -6.64 JAKARTA COMP 4,268.23 -43.08 MANILA COMP 5,434.13 -5.71 SEOUL COMP 1,981.89 -13.28 SHENZHEN B 573.74 +0.32 MUMBAI IND 18,708.98 -229.48 12 noon EDT Change DOW 13,575.21 -34.94 NASDAQ 3,113.46 -22.73
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    • 16 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 14.355 TAIWAN 5.036 JAPAN 1.475 Source; Bloomberg
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  • 761 1  -  Strong interest in fixed income to continue, says the fund manager By EMILYN YAP [SINGAPORE] Singapore’s Fullerton Fund Management, which manages assets of some $10 billion, is looking to double the size of its portfolio over the next five years. The Asia-focused
    PHOTO: YEN MENG JIIN  -  761 words
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    • 223 1 LAWSUIT Ex-Tisch Asia president takes NYU to court PAGE 4 PRODUCTIVITY MATTERS Food manufacturing: Portals to a world of new tastes PAGE 15 PROPERTY Volume of transactions in Good Class Bungalow Areas down in Q3 page 4 SME Inc Helping SMEs manage excess cash PAGE 14 **********04 TUDOR GRANTOUR CHRONO
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  • TOP STORIES
    • 631 2  -  World Bank says growth in East Asia and Pacific will slow to 7.2% this year By ANTHONY ROWLEY in Tokyo THE World Bank yesterday added its voice to a chorus of warnings that global economic growth, including that in Asia, is slowing faster than
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    • 652 2 Sunny results deviate from last week’s gloomy official data Reuters [BEIJING] China’s services sector rebounded in September after its growth hit a one-year low in August, according to a private sector survey yesterday that follows last week’s much more gloomy official assessment. The HSBC services
      Reuters  -  652 words
    • 810 2  -  Finance Ministry did not point out any omissions or errors By S JAYASANKARAN in Kuala Lumpur FORMER prime minister Mahathir Mohamad yesterday told the High Court in the criminal trial of his former transport minister Ling Liong Sik that he
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    • 433 2 Prospect of further cooling measures weighs on market BANK and property stocks fell yesterday in Singapore as the market weighed the possibility that the government was prepared to step in with more measures to check property prices. Developers were largely sanguine about the potential impact of such measures
      433 words
    • 1201 4  -  Lull expected to persist until next year, says a major GCB agent By KALPANA RASHIWALA [SINGAPORE] The volume of deals in Good Class Bungalow Areas (GCBAs) slipped in the third quarter, based on a preliminary analysis of caveats by CBRE Research. Between July
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    • 895 4  -  She wants to clear her name and get her job back, among other things By LYNN KAN [SINGAPORE] Pari Sara Shirazi, the former president of Singapore-based arts campus Tisch Asia, has filed a lawsuit in the New York State Supreme Court against New
      court.’THE BUSINESS TIMES FILE PHOTO  -  895 words
    • 828 4  -  Market prefers a Democrat in White House with a Republican Congress: study US PRESIDENTIAL ELECTION By ROB CURRAN THE winner of the presidential election may not matter as much for the stock market’s performance next year as the results of another 2012 political
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  • Page 3 Advertisements
    • 67 3 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. •v r\ '>, I k mmWvffS "If s M S ■s -V Mi N v K v. 7i B 1 A 10 Marina Boulevard
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  • COMPANY NEWS
    • 872 5  -  Commodities likely to remain depressed, banks seen facing pressure By KENNETH LIM REAL estate investment trusts (Reits) will get special attention in the third-quar-ter corporate reporting season amid expectations for a lacklustre set of results, analysts said. “I think all eyes
      872 words
    • 620 8  -  Reporting extended to CEOs who are not directors, interests in foreign firms on SGX By ANDREA SOH THE Monetary Authority of Singapore (MAS) has announced a new regulatory regime to streamline and enhance the disclosure of interests in listed companies, with reporting obligations
      620 words
    • 473 8  -  Revaluation part of preparation for offer circular By JOYCE HOOI A REVALUATION of some real estate assets owned by Fraser and Neave (F&N) has revealed a surplus of about $498 million, its board announced yesterday. This revaluation is part of preparations for the offeree
      473 words
    • 419 8 DBS Group Holdings yesterday held its board meeting for the first time in Taiwan a move that underscores the importance of the market to the bank. The meeting brought together nearly 30 DBS board directors and top executives from key Asian markets, DBS said.
      419 words
    • 202 8 CHINESE shipbuilder JES International Holdings has marked its expansion into the offshore support vessel (OSV) market with a new order for a UT 755 LN platform support vessel. The contract for an undisclosed sum came from a new Norwegian customer through wholly-owned JES
      202 words
    • 310 8 ShareInvestor A SUBSIDIARY OF Sfh Hu An Cable Qualifies Yet Again As High Tech Enterprise And Is Among The First 5% To Earn Qualification SGX Mainboard-listed Hu An Cable Holdings Ltd., one of the top 10 wire and cable manufacturers in the PRC, has once again attained
      310 words
    • 678 10  -  Four cornerstone investors taking up 44%; 8.9m shares open to the public By NISHA RAMCHANDANI RETAILER Courts Asia has launched its initial public offering (IPO) for a mainboard listing, with 178 million shares priced at 77 cents each. This is the
      678 words
    • 372 10 Bloomberg [JAKARTA] Directors of Bumi Plc, the Londontraded Indonesian coal venture founded by Nathaniel Rothschild, are scheduled to meet in Singapore this week as the company probes affiliate company PT Bumi Resources. “Our people are going up there,” Kenneth Allan,
      Bloomberg  -  372 words
    • 437 10 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd, Malaysia’s biggest lender, raised 3.66 billion ringgit (S$ 1.47 billion) in the biggest share sale by a South-east Asian bank in three years. The lender sold 412 million new shares at 8.88 ringgit each to local
      Bloomberg  -  437 words

  • SINGAPORE MARKETS
    • 614 6  -  Also taking its toll on the market was the plunge in Europe opening STOCKS R SIVANITHY Senior Correspondent WEAKNESS in Hong Kong that led to a 0.9 per cent drop in the Hang Seng Index, pressure on property and bank counters because of
      Source: Bloomberg  -  614 words
    • 64 6 Oct 8 VALUE CLOSE BT OB/OS -101.00-118.00 BT CADI -*****.00-212.00 BT 10-day MA -*****.00 -10.00 FTSE ST Mid Cap 745.21 -3.73 FTSE ST Small Cap 492.91 -6.64 FTSE ST All Share 751.92 -7.09 FTSE ST China Top 202.38 -1.66 FTSE ST China 220.30 -1.51 FTSE ST Catalist
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 15 1 0 0 0 1 15 1 Manufacturing 43 63 39 7 6 7 50 69 46 Commerce 9 41 14 2 7 2 11 48 16 Tpt/Stor/Comms 4 28 3
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    • 964 6  -  Compiled by KENNETH LIM Suntec Real Estate Investment Trust Oct 8 close: S$1.525 Maybank Kim Eng, Oct 8 AS a result of Phase 1 AEI (asset enhancement initiatives) work, which started in June, we expect revenue from Suntec Mall to slide from S$103 million in FY11 to S$86
      Source: Bloomberg  -  964 words
    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,955 10,955 43,522 43,522 Manufacturing 345,040 58,476 403,516 207,860 1,264 209,124 Commerce 182,181 4,505 186,686 110,067 327 110,393 Tpt/Stor/Comms 100,089 55,072 155,161 155,024 18,598 173,622 Finance 21,771 966 22,737 175,018 416 175,435 Construction 102,038 3,980
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    • 111 6 Stock name Close Change CapMallsAsia 1.650 -0.005 CapitaLand 3.190 -0.110 CapitaMall 2.050 CityDev 11.670 -0.280 ComfortDelGro 1.695 -0.015 DBS Grp 14.250 -0.210 F&N 8.880 GLP 2.520 +0.020 Genting SP 1.345 -0.015 Golden Agri 0.635 -0.010 HK Land 6.050 -0.030 IHH Healthcare 1.280 JMH 60.210 -1.790 JSH
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    • 590 6 CURRENCIES Reuters [LONDON] The dollar and the safe-ha ven yen rose yesterday on concerns about the outlook for the global economy and company earnings, recouping losses from the previous session that followed strong US jobs data. Investors were cautious as the third-quarter earnings
      Reuters; PHOTO: BLOOMBERG  -  590 words
    • 59 6 VOLUME Transcu Grp 439,778,000 Viz Branz 72,938,000 Sky One 53,094,000 Golden Agri 49,233,000 Thai Beverage 40,435,000 Ntegrator 31,715,000 Xpress 31,314,000 Aussino 31,302,000 GSH Corp 26,760,000 IPCO Intl 26,750,000 VALUE($) DBS Grp 99,574,984 SingTel 73,814,615 Viz Branz 53,564,185 CapitaLand 45,199,510 UOB 34,454,436 Noble Grp 31,953,480 Golden Agri 31,515,810
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    • 112 6 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 2040 28.3 1.1 DBXT E50 10US$ 3824 24.6 0.5 DBXT S&P Short 10US$ 3473 18.5 0.4 OCBC Bk 5.1%NCPS 100 ***** 16.0 0.2 Lyxor Malaysia 10US$ 959 9.8 0.8 IS LC 1-3Y 100US$ 1018 8.6 0.7 Luye Pharma 127.5 8.0 6.7 CIMBAsean40
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    • 126 6 BY CENTS CLOSE DOWN JMH 6021 -220.3 -2.9 DBXT Nifty 10US$ ***** -219.0 -1.6 GLD 10US$ ***** -196.9 -0.9 DBXT USDIGInfl 5US$ ***** -112.0 -0.3 JSH 3620 -92.3 -2.0 DBXT MSKorea 10US$ 5818 -59.1 -0.8 Jardine C&C 5275 -51.0 -1.0 DBXT MSTHAI 10US$ 1943 -45.5 -1.9 Great Eastern 1660
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    • 5 6 DAILY
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    • 272 7 m THE STORY THAT NEVER END STARTS HERE LEEDON RESIDENCE A FREEHOLD LUXURY DEVELOPMENT IN DISTRICT 10 Located within the Good Class Bungalow enclave, Leedon Residence is yours to call home. Live amidst five hectares of lush greenery, where manicured foliage paves the way to a 200m nature trail. Designed
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  • Page 8 Advertisements
    • 251 8 TECHINNOVATION Tuesday, 16 October Marina Bay Sands Singapore °PEN INNOVATION -Diaries CROWDSOOB Healthcare f r" SEEKERS SOLVERS Join Us at TECHINNOVATION 2012! TECHINNOVATION 2012 provides excellent opportunities for technology seekers and providers to meet and match technology needs and solutions. Discover technologies and network with premier research organisations from Singapore,
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    • 390 9 Standard Chartered Here for good 1 financial goals to achieve 3 currency time deposits to choose from bank to help you along the way It s good to discover more ways to grow your wealth PRIORITY Banking At Priority Banking, we believe the strength of any relationship comes from understanding.
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  • Page 10 Advertisements
    • 212 10 NOTHING TECHVENTURED, NOTHING GAINED. The economic Renaissance is right here in Asia. Get insights into the latest technologies and how it can create wealth in Asia and beyond. Rub shoulders with the pivotal people behind this movement wealthy pioneers, successful entrepreneurs and ultra high net worth individuals Join us today
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    • 1373 11 INITIAL PUBLIC OFFERING NOW OPEN COURTS Courts Asia Limited (Company Registration Number: *****1347K) (Incorporated in Singapore on 18 January 2010) HOW? at no 0l n ONE OF THE LEADING ELECTRICAL PRODUCTS, IT PRODUCTS AND FURNITURE RETAILERS IN SINGAPORE AND MALAYSIA Courts Asia Limited is offering 60,000,000 new Shares and Singapore
      1,373 words

  • SINGAPORE NEWS
    • 854 12  -  Singapore Book Publishers’ Association moves to take popular local titles digital By AMIT ROY CHOUDHURY SO you’ve got your newfangled tablet with a great e-book reader built-in and yet you can’t find some local stuff to read on it, like perhaps your favourite Singapore
      854 words
    • 480 12  -  By ZEINAB YUSUF SAIWALLA SINGAPORE is home to the largest proportion of wealthy expatriates of any country and is the choice place to be in the region if expats are seeking to become wealthier, according to HSBC’s Expat Explorer survey released yesterday.
      480 words
    • 425 12  -  By LEE U-WEN ASIA’S first news-training facility opens its doors this Saturday at the Nanyang Technological University (NTU). Called Newsplex Asia, the $500,000 centre, housed at NTU’s Wee Kim Wee School of Communication and Information, is a tie-up between the university
      425 words
    • 170 12  -  By CHUANG PECK MING in Wellington, New Zealand THEY shook hands warmly like old friends. Indeed, Prime Minister Lee Hsien Loong and his New Zealand counterpart John Key reaffirmed the warm and long-standing ties between their two countries, including that in the area of defence cooperation,
      PHOTO KEVIN LIM/THE STRAITS TIMES  -  170 words
    • 723 12  -  By LEE U-WEN THE labour movement has made the correct decision to fire an employee of theirs who posted offensive comments about Malay weddings on her Facebook page, said Prime Minister Lee Hsien Loong yesterday. “Fortunately, the person
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    • 128 13 f&i i! u n f, m x Wi ioh t'■. f h&tiik R A Kv o O e L J! i o to o O o 10 0 t It 0 o lit 0 o /too III I o lllll i jltlio J Aitu Winn f !•••*> t 'lllll Hill
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  • SME Inc
    • 903 14  -  Bond funds offer higher yields, better liquidity and tax savings compared to fixed deposits, reportsLEE MEIXIAN LEE MEIXIAN This article is also accessible on BTInvest. com LACK of access to finance and timely credit as well as escalating costs are often cited as the primary
      903 words
    • 936 14  -  Engage SMU profs MARCUS LEE Marcus Lee is an Assistant Professor of Marketing (Practice) at the Lee Kong Chian School of Business, Singapore Management University. He is also the Academic Director for the Institute of Service Excellence at SMU (ISES). Q: Manpower, Efficiency,
      PHOTO: FILE PHOTO  -  936 words
  • Page 14 Advertisements
    • 193 14 Have an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      193 words

  • PRODUCTIVITY MATTERS
    • 927 15  -  KH Roberts, a producer of food flavours and colours, leverages on IT to move ahead, reports MINDY TAN reportsMINDY FOOD MANUFACTURING MINDY TAN INFORMATION technology is in our blood, says Samuel Chen, chief operating officer at KH Roberts Group, on the bold steps
      PHOTO: ARTHUR LEE  -  927 words
    • 322 15 LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six types of productivity improvement activities. Productivity and Innovation Credit (PIC) Innovation and Capability Voucher (ICV) SMEs can get a $5,000
      322 words
    • 870 15  -  By MINDY TAN EVEN as other companies expand along the supply chain in an effort to reap economies of scale, CS Tay Foods finds that focusing on its core business is working in the company’s favour. The company, which is best known
      PHOTO: ARTHUR LEE  -  870 words

  • MALAYSIA/INDONESIA
    • 522 16 Net purchases hit RM1.3b last month while major local investors unload [KUALA LUMPUR] Foreign investors continued to buy into Malaysian stocks in September, continuing the strong upward charge of the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) which has reached its record all-time
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    • 275 16 [KUALA LUMPUR] AirAsia Bhd, Asia’s largest low-cost carrier (LCC), remains coy about a move to KLIA2, the new LCC terminal due to be completed in seven months. AirAsia Malaysia chief executive Aireen Omar said the decision will be based on whether the
      275 words
    • 547 16 Reuters I[SINGAPORE] When Hong Kong-listed G-Resources Ltd opened its US$1 billion Indonesian gold mine in July, six months behind schedule, it had high hopes it would be hitting its annual output target of 250,000 ounces by next year. Less than three months later, the company
      Reuters; PHOTO: BLOOMBERG  -  547 words
  • Page 16 Advertisements
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      685 words

  • GREATER CHINA/INDIA
    • 633 17 US govt urged not to use gear from the two firms due to espionage concerns AP [WASHINGTON] American companies should avoid doing business with China’s two leading technology firms because they pose a national security threat to the United States, the
      AP; PHOTOS: REUTERS  -  633 words
    • 379 17 Consumer spending shifting to leisure activities Reuters [HONG KONG] China’s retail sales growth slowed during the Golden Week break, but demand was better than expected, and a raft of other data helped provide a snapshot of increasingly important sources of demand in the
      Reuters  -  379 words
    • 285 17 Reuters [NEW DELHI] India will unveil a “credible and feasible” fiscal consolidation path for the next five years, Finance Minister P Chidambaram said yesterday, days after a government panel said the economy was on the edge of a fiscal precipice. A slowing economy has
      Reuters  -  285 words
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  • ECONOMY WATCH
    • 494 18 Foreign trade data beats forecasts and is likely to cushion slowdown in Q3 Reuters [BERLIN] German exports rose unexpectedly in August, underscoring the continued resilience of Europe’s largest and traditionally export-oriented economy despite the eurozone crisis and suggesting a third-quarter slowdown may be
      Reuters; PHOTO:REUTERS  -  494 words
    • 836 18 Revival outside mining hampered by high Aussie dollar Reuters [SYDNEY] Australia faces a gathering threat to its 21-year run of recessionfree growth that will likely require the central bank to cut interest rates to record lows and keep them there for some time, if
      Reuters  -  836 words
  • Page 18 Advertisements
    • 1164 18 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SPINDEX INDUSTRIES LIMITED (Incorporated in the Republic of Singapore) (Registration No. *****1451M) NOTICE OF THE 25TH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 25th Annual General Meeting of the Company will be held at 6 Neythal Road Singapore *****3 on Thursday, 25
      1,164 words
    • 1698 18 SANT A Kit SANTAK HOLDINGS LIMITED (Company Registration No. *****1065H) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Santak Holdings Limited ("the Company") will be held at 31 Senoko South Road, Woodlands East Industrial Estate, Singapore *****4
      1,698 words

  • WORLD
    • 481 19 ESM’s first task will be to lend to Spain for recapitalisation of its banking sector AFP Reuters [BRUSSELS] Eurozone finance ministers launched their 500 billion euro (S$797 billion) permanent bailout fund yesterday, putting in place a major defence against the debt crisis that
      AFP; Reuters  -  481 words
    • 534 19 They find that adult cells can be turned back into stem cells Reuters [STOCKHOLM] Scientists from Britain and Japan shared the Nobel Prize in Medicine yesterday for the discovery that adult cells can be reprogrammed back into stem cells which can turn into
      Reuters  -  534 words
    • 317 19 Reuters [NEW YORK] UnitedHealth Group Inc said that it would buy a 90 per cent stake in Amil Participacoes SA, Brazil’s largest health insurer and hospital operator, for US$4.9 billion, tapping into a fast-growing private healthcare market as challenges mount for its US
      Reuters  -  317 words
    • 767 21 Govt to seal deals with foreign firms to raise oil output and tap gas reserves Reuters [CARACAS] President Hugo Chavez’s re-election on Sunday means Venezuela’s state oil company PDVSA will remain highly politicised and will continue its discount supply deals with
      Reuters; PHOTO: AFP  -  767 words
    • 384 21 Bulk of loans made to serve controlling groups’ businesses Bloomberg [HANOI] Vietnam’s central bank vowed to crack down on violations stemming from small groups of shareholders who control Vietnamese banks, calling them the “biggest obstacle” to reforming the financial system. “Interest groups” have emerged
      Bloomberg  -  384 words
    • 590 22 It lacks experience of managing strategic stockpiles, says Chatham House Bloomberg [LONDON] Asia, the world’s fastest-growing oil-consum-ing market, faces a growing risk of supply disruption because the region lacks the experience of managing strategic stockpiles, according to Chatham House. Asia’s oil
      Bloomberg; PHOTO: REUTERS  -  590 words
    • 509 22  -  Key consideration may be transition of infrastructure By LEE U-WEN [SINGAPORE] The curtain may have long fallen on the London Olympics and Paralympics widely lauded as one of the best Games in history but there are still concerns that the UK will miss
      509 words
    • 590 22 Reuters [TOKYO] Japan’s Toyota Motor Corp, Nissan Motor Co and Honda Motor Co plan to slash production in China by roughly half, the Nikkei newspaper reported yesterday, as a territorial row between the two countries cuts sales of Japanese cars in the world’s
      Reuters; PHOTO: REUTERS  -  590 words
    • 225 22 Reuters [SUZUKA] McLaren’s Lewis Hamilton triggered a fresh Twitter storm yesterday by wrongly accusing Formula One team mate and compatriot Jenson Button of disrespect by “unfollowing” him on the social media site. Hamilton, leaving for Mercedes at the end of the season, was beaten
      Reuters  -  225 words
    • 975 23 Tradeworx program to give agency first real-time window into stock market NYT [RED BANK, New Jersey] As billions of shares course through the stock market each day, investors rely on the government to keep up with Wall Street’s rap-id-fire traders. But in
      NYT; PHOTO: AP  -  975 words
    • 541 23 Bloomberg [MANILA] Philippine President Benigno Aquino’s deal with Muslim rebels provides the best chance since 2008 to extinguish a four-decade insurgency that has killed up to 200,000 people and attract investors deterred by violence to the mineral-rich south. “It adds to the positive momentum
      Bloomberg  -  541 words
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    • 34 19 'tit CreditSuisse Bte *!i V> s> Ss&£ X’- .i 1 V SN? MAIL m sg ■-^5 OXYGEN’S ELECTRIC SCOOTERS ARE LEAVING THE FOSSIL FUEL ERA BEHIND. Credit Suisse is helping the company evolve. credit-suisse.com/clients
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  • Page 20 Advertisements
    • 2967 20 ASL MARINE HOLDINGS LTD. (Incorporated In The Republic Of Singapore) Company Registration No. *****8542N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of the Company will be held at Jurong Country Club, 9 Science Centre Road, Singapore *****8 on Thursday, 25 October 2012
      2,967 words
    • 2111 20 S* [«ATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices H ARTAWAN 1 Pearl’s Hill, ReUoice, HOLDINGS LIMITED (Company Registration No. *****0950D) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hartawan Holdings Limited (“the Company”) will be held at Hotel Re!
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  • Page 22 Advertisements
    • 1284 22 S3DLLON BSLVW JAYA HOLDINGS LIMITED Company Registration No.: *****2391E Incorporated in the Republic of Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-second Annual General Meeting of Jaya Holdings Limited (“the Company”) will be held at 13 Tuas Crescent, Singapore *****7 on Wednesday, 24 October 2012
      1,284 words

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    • 1521 24 ATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ASIAN MICRO HOLDINGS LIMITED (Company Registration No.*****1052K) (Incorporated in the Republic of Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Asian Micro Holdings Limited (the “Company”) will be held at Raf?es
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    • 641 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THE MARINER GROUP (ASIA) PTE LTD (CO. REG. NO.: *****8940K) STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES I, Seet Beng Choo Jeanne of 22 Malaccca Street #03-02 RB
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    • 485 24 STATUTORY DECLARATION BY DIRECTOR OF GOLDIN ENTERPRISE PRIVATE LIMITED (Co. Reg. No. *****2408K) I, Tee Ah San of 2 Marine Terrace #04-290 Singapore *****2, NRIC No. S*****65E make oath and say as follows: 1. I am a director of the abovenamed company. 2. The abovenamed company cannot by reason of
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  • Page 25 Advertisements
    • 2007 25 [SAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices RYOBI KISO HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****3985D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ryobi Kiso Holdings Ltd. (the “Company”) will be held at Conference Room, 6
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    • 2254 25 CHINA YUANBANG PROPERTY HOLDINGS LIMITED (Company Registration Number: *****) (Incorporated in Bermuda on 4 December 2006) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA YUANBANG PROPERTY HOLDINGS LIMITED (the “Company”) will be held at Meeting Room Libra Gemini, Level 1, Marina Mandarin
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  • EDITORIAL & OPINION
    • 484 26 EDITORIAL SO Republican presidential candidate Mitt Romney scored an edge over President Barack Obama in their first debate last week, while Mr Obama subsequently regained advantage when the United States jobless rate fell to 7.8 per cent. The race for the White House
      484 words
    • 759 26  -  THE BOTTOM LINE J BRADFORD DELONG J Bradford DeLong, a former deputy assistant secretary of the US Treasury, is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau for Economic Research. THE
      759 words
    • 895 26  -  The employment data do suggest an economy that is slowly healing PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 IF anyone had doubts about the madness
      PHOTO: AFP  -  895 words
    • 1678 27  -  Or are other factors at play in the effort to remove existing directors at a Grand Banks Yachts EGM tomorrow? By MAK YUEN TEEN The writer is associate professor at the NUS Business School, where he teaches corporate governance and ethics TOMORROW, Grand Banks Yachts (GBY) is
      FILE PHOTO  -  1,678 words
    • 577 27  -  KP certification scheme must keep pace with changing world By GILLIAN A MILOVANOVIC Gillian A Milovanovic is a US diplomat and serves as the KP chair ALMOST a decade ago, the con-sensus-based Kimberley Process (KP) certification scheme established minimum requirements for
      PHOTO: BLOOMBERG  -  577 words


  • AVIATION/SHIPPING
    • 329 28  -  Second container terminal will add 1.8m TEU capacity to Dammam port By LYNN KAN PSA International has started construction on its first port infrastructure project in Dammam, Saudi Arabia. Groundbreaking for this second container terminal in the King Abdul Aziz Port took
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    • 481 28 Reuters [PARIS] The World Trade Organization (WTO) has asked the European Union (EU) to hand over documents on the funding of the Airbus A350 in a potential sharpening of a transatlantic dispute over aircraft subsidies, a US source familiar with
      Reuters  -  481 words
    • 363 28  -  By LYNN KAN WHAT will greet the 12,000 expected visitors at the door of the luxury yacht show Boat Asia next April will not be a superyacht. Instead, they will lay their eyes on the sleek lines of a McLaren supercar. McLaren will
      PHOTO: BLOOMBERG  -  363 words
    • 868 28 Political wrangling continues ahead of imminent deadline AFP [PARIS] Political wrangling between Germany, France and Britain has entered a critical phase ahead of an imminent deadline for a merger of EADS and BAE to create the world’s top aerospace and arms group. Talks have
      AFP; PHOTO: REUTERS  -  868 words
    • 463 28 Cargoes are deteriorating amid spat with govt Reuters [LONDON] Up to 150,000 tonnes of refined sugar is marooned and deteriorating off Iraq’s main cargo port, Umm Qasr, over a trade spat with the government, as the country struggles to untangle bureaucratic turmoil
      Reuters  -  463 words
    • 1962 29 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 28 Advertisements
    • 26 28 Profits down for highway operators Toll collection takes 20byuan hit during China's Golden Week during China's Golden Week To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 28 Miscellaneous
    • 375 28 CRYPTIC CROSSWORD Across 1 Writing for a foreign film implied accepting sex (8) 5 To sing and dance about a 5-0 rout is heartless (6) 9 It’s common sense there’s a purpose in feeling sick (8) 10 Copper approaching end of tether with hardly any time to be indoors (6)
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  • Page 29 Advertisements
    • 34 29 PLACE YOUR AD HERE The Business Times Shippii g Times CALL JOE WON G AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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    • 28 29 Experienced ship maintenance Myou y r services services wanted, hereinthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES ML UUJII'JLJJ IIIVILJ Shipping Times
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  • SINGAPORE STOCKS
    • 2939 30 Transaction date: Oct 8 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 148.5 92.5 AIMSAMPIReit 145 -2.5 451
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    • 184 31 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 4.6 1.3 t Advanced System 2 unch 894 2 2 2 2.1 26.5 Last Quote Div Gr Yld Net M
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    • 8261 31 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** AXA Wealth Mgt S'pore Pte Ltd 1.01/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Locality SD Bond 0.9805/ EM local Ccy Bond European Opportunities!** Global Emerging Markets!
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    • 202 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 39.5 25.5 AVJennings A31.5 +0.5 14 31.5 31.5 31.5 37.5 3.6 11.1 2.5 82 41.5 26 Genting HK US$ US32 unch 4090 32 31.5 31.5 32 2107
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    • 983 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 128.5 120.4 CIMB APAC Div 100S$D 128.5 126.2 127.1 103.8 95.8 CIMB APAC Div 100US$ US103.8 102.5 103.3 10.9 1323 1246 CIMBASEAN40 100S$D 1321 7
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  • FINANCE & COMMODITIES
    • 623 32 Oct 8 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8850.29 8880.23 8805.79 Dec12 8865.00 8940.00 8815.00 8845.00 ***** *****5 Mar13 8855.00 43 1162 MSCI TAIWAN INDEX FUTURES SPOT 274.75 274.75 271.26 Oct12 274.30 275.90 270.90 271.80 ***** *****8 Nov12 273.90 273.90 271.00 271.80
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    • 373 32 In local curr In S$ In US$ dy yr dy yr dy yr Oct 5 Index Change Change Change Change Change Change World Preliminary 931.9 0.5 12.3 0.5 7.0 0.6 13.1 EAFE Preliminary 737.4 0.8 8.1 0.9 3.5 1.0 9.4 Europe Preliminary 1123.6 1.1 9.5
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    • 103 32 As on 5 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2012 1795.20 1775.90 1780.60 61 INDIA GOLD (E-GOLD) FUT DEC2012 599.95 594.20 596.75 469 CURRENCY EUR-USD FUT DEC2012 1.3050 1.3007 1.3043 1016 BASE METAL COPPER FUT DEC2012 8382 8316
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    • 107 32 Oct 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1551.50 1551.50 1569.50 1544.50 Jan 13 1551.00 1551.00 1569.00 1544.25 Mar 13 1513.00 1518.50 1531.25 1510.25 May 13 1460.50 1470.00 1477.25 1457.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 50.76
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    • 70 32 CRUDE OIL PRODUCTS Oct 05 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.79 1.74 WTI (Near Mth) 89.84 -1.76 Dubai (1-Mth F) 108.14 2.57 Tapis blend 116.79 3.15 Minas 111.94 3.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.78 3.45 Jet Kerosene 131.3 3.24 US$/barrel OpecOil Basket
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    • 22 32 Oct 8 S$ Bid Offer 1-month 1.2305 1.2307 2-months 1.2305 1.2307 3-months 1.2305 1.2307 6-months 1.2301 1.2304 Source: OCBC
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    • 64 32 Oct 5 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2085.00 2087.50 3 months 2110.00 2120.00 Copper, Grade A(US$/tonne) Cash 8295.00 8295.50 3 months 8295.00 8300.00 Lead(US$/tonne) Cash 2279.75 2282.00 3 months 2288.00 2290.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 80 32 Oct 5 COCOA (£/tonne) Close Prev High/Low Dec 12 1525 1532 1543/1523 Mar 13 1532 1538 1549/1530 May 13 1541 1548 1565/1539 Jul 13 1549 1555 1562/1547 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2095 2152 2153/2092 Jan 13 2113 2161 2167/2110 Mar 13 2126 2170 2179/2123 May 13 2137
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    • 889 32 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 1 146 488 6.38 19 Conv Ratio Baker Technology Ltd W*****6 1 1 32 2 32.50 1 Price Best World Intl Ltd W*****5 0.3 1 30 80
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    • 470 32 Oct 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.996 6.390 0.784 7.884 53.080 97.520 0.797 11.308 3.119 1.245 97.134 42.173 1.251 8.948 0.949 29.790 31.170 0.632 1.017 Canada 1.004 6.416
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    • 60 32 Oct 8 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • 138 32 GOLD(US$/oz) Oct 08 Oct 05 Hong Kong 1776.40 1796.70 Oct 05 Oct 04 London 1785.10 1791.39 1785.85 1792.20 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Oct 08 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 157 70 5gm 447 350 10gm 798
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    • 88 32 Oct 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 10-Jan-13 0.27 6-Month BS*****W 04-Apr-13 0.29 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.11 5-Year N*****0Z 2.375 01-Apr-17 108.7
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    • 57 32 Oct 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2260.0 2248.0 2260.0 2225.0 278 2106 Nov 12 2334.0 2334.0 2363.0 2311.0 1588 9905 Dec 12 2403.0 2415.0 2446.0 2361.0 ***** ***** Jan 13 2468.0 2480.0
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    • 154 32 Oct 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2510 1.2519 1.0167 1.0172 Canadian dollar 1.2561 1.2568 1.0212 1.0208 Euro 1.5962 1.5966 1.2972 1.2973 NZ dollar 1.0045 1.0052 0.8163 0.8168 Sterling pound 1.9790 1.9800 1.6083 1.6088
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    • 154 32 Oct 8 $S Offer Bid 0vernight 0.02 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.22 0.12 1 month 0.35 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.75 0.55 9 months 0.90 0.70 12
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    • 121 32 As at 9am Oct 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.279 1.219 Can dollar 1.287 1.226 Euro 1.636 1.559 Sterling pound 2.019 1.942 NZ dollar 1.035 0.986 US dollar 1.246 1.199 Local dollars to 100 units of foreign
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  • PROPERTY
    • 992 33  -  However, city continues to face a mismatch in housing supply versus demand By MINDY TAN THE widening differential between capital values of the property assets has resulted in a clear acceleration of offices in London being converted to other uses. Specifically, some 511,000 square
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    • 414 33 Bloomberg [LONDON] Norway’s US$650 billion sovereign wealth fund bought a 50 per cent stake in the Meadowhall Shopping Centre in northern England for £348 million (S$686.6 million), its second UK acquisition. The fund purchased the stake from London Stamford Property
      Bloomberg  -  414 words
    • 845 34 HK developers face competition from mainland for workers, materials Bloomberg [HONG KONG] Hong Kong builders face increases of more than 10 per cent a year in construction costs because of competition for workers and materials from projects in China, according
      Bloomberg; PHOTO: BLOOMBERG  -  845 words
    • 457 34 Bloomberg [BEIJING] China’s new home prices rose for a fourth month as a rebound in property sales eased developers’ funding woes, according to SouFun Holdings Ltd. Prices in September climbed 0.17 per cent from August to 8,753 yuan (S$1,712) per square metre, the
      Bloomberg  -  457 words
    • 466 35  -  Though vacancies fell, recovery is not likely soon due to new supply coming By ZEINAB YUSUF SAIWALLA EVEN as vacancies improved in the prime office market in the last quarter, rentals continued their downward trend, suggesting that recovery is unlikely in the near
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    • 129 35 Reuters [BEIJING] China will add five billion yuan (S$973.6 million) of funding to help build public housing projects and revamp shanty towns, the finance ministry said in a statement yesterday. The move is the latest sign of renewed central government efforts to
      Reuters  -  129 words
    • 189 35 TWO adjacent sites totalling 45,155 sq ft of sprawling freehold land in the Chee Hoon Avenue Good Class Bungalow Area in the Dunearn/Adam Road location have come on the market. The District 11 property is being marketed by property agency
      189 words
  • Page 33 Advertisements
    • 73 33 Freehold Site in District 11 For Landed Housing Development Exclusive Bukit Tunggal GCBA Chancery neighourhood Site Area 9,696.3 sm (104,370 sf) Within 1 km to ACS (Barker) Near Mt. Pleasant Station on proposed Thomson Line Near shopping medical hub in Novena Not To Scale. For Reference Only Tender Closing: Tuesday,
      73 words
    • 68 33 For Sale By Tender Freehold Industrial Building •Off Upper Paya Lebar Road •Site Area approx 23,381 sq ft •Gross Floor Area approx 62,375 sq ft •Zoned ‘Business 1’, Plot Ratio 2.5 •Short walk to Tai Seng MRT Station •With basement carpark lots Tender Closing: Thursday, 18 October 2012, 3 pm
      68 words
    • 189 33 Regus Work your way 10 flexible office locations in Singapore Fully equipped and work-ready Terms to suit any size of business New centre open in Market Street Find out more about our fully equipped offices... www.regus.com.sg 1 800 622 1563 FOR SALE BY EXPRESSION OF INTEREST L. ■K M I
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  • Page 35 Advertisements
    • 11 35 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
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    • 429 35 u NUS National University of Singapore Bridging Real Estate Capital Markets REAL ESTATE PORTFOLIO RISK MANAGEMENT 19-23 November 2012 OVERVIEW Real estate securities offer investors an indirect route to take equity and debt interests in real estate. Moreover, to minimise risks, investment theory asserts that investors need to diversify. This
      429 words

  • TIES THAT THRIVE
    • 1437 36  -  Set up in 1804, Schroders is a UK-listed company but more than 70% of its revenues come from outside the UK, reports TEH HOOI LING reportsTEH TEH HOOI LING SCHRODERS started globalising its operations way way before the word was even coined by Harvard
      PHOTO: ARTHUR LEE  -  1,437 words
  • Page 36 Advertisements
    • 101 36 anz.com.sg Australia and New Zealand Banking Group Limited (ANZ) 2012 ABN 11 005 357 522 Y#ur bank opens doors in 28 markets across Asia Pacific. ANZ is in 28 markets across Asia Pacific and we're growing. That means we've now got more financial specialists who share your regional interests and
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