The Business Times, 20 November 2012

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Microfilm: NL32294
Total Pages: 43
1 18 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, November 20, 2012
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  • Article
    Lock icon S’pore walks the labour restructuring tightrope
    1028 1  -  Some say it’s necessary pain; others fear it will undermine S’pore’s economic future By TEH SHI NING [SINGAPORE] Singapore is determined to restructure its labour market, raise productivity and tighten the foreign labour tap. The government does not deny that this could mean less
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 2,950.93 (+5.30) GST INDEX FUTURES 2,951.00 (+5.00) GSIMSCI 333.08 (+0.70) GSIMSCI FUTURES 332.80 (+2.40) US$ S$ US$ (S$ per US$) 1.225 (US$/S$ per 1.590 1.949 EURO (US$/S$/€) 1.276 1.564 Foreign currency per US$ S$ YEN 81.30 66.30 RM 3.065 2.501 HK$ 7.752 6.326 BAHT 30.73 25.07 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,623.31 -5.97 NIKKEI 225 9,153.20 +129.04 HANG SENG 21,262.06 +103.05 SET INDEX 1,283.65 +3.52 JAKARTA COMP 4,313.44 -37.85 MANILA COMP 5,449.55 +10.27 SEOUL COMP 1,878.10 +17.27 SHENZHEN B 592.71 +0.33 MUMBAI IND 18,339.00 +29.63 11am EST Change DOW 12,745.02 +156.71 NASDAQ 2,897.22 +44.09
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    • Article
      Lock icon PRIME RATES
      16 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 14.452 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Article, Illustration
    Lock icon Money rolls in as local firms roll out their apps
    947 1  -  Businesses tap into the potential of mobile devices to improve prospects By AMIT ROY CHOUDHURY [SINGAPORE] With 71 per cent of mobile users owning a smartphone, it’s no surprise that most Singaporeans reach for their mobile devices when they want
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  • TOP STORIES
    • Article, Illustration
      Lock icon I had an intimate relationship with Cecilia Sue: Ng
      1154 2  -  His lawyer Tan Chee Meng highlights a distinct shift in the prosecution’s case SEX-FOR-CONTRACTS CASE By GRACE LEONG [SINGAPORE] Former Central Narcotics Bureau chief Ng Boon Gay yesterday told the court that he had an intimate relationship with Cecilia Sue Siew
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  1,154 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      339 2 Walking labour restructuring tightrope WITH the policy resolve to restructure Singapore’s labour market now reiterated in no uncertain terms, the big question is whether the costs to be paid will occur at the margins an accepted policy risk or prove disruptive enough to undermine Singapore’s economic future. FRONT
      339 words
    • Article, Illustration
      Lock icon Obama urges Myanmar to step up reform drive
      494 4 Huge crowds greet US president during his historic visit AFP [YANGON] US President Barack Obama urged Myanmar yesterday to step up its reform drive on a historic visit during which he was cheered by huge crowds and welcomed by Aung San Suu
      AFP; PHOTO: AFP  -  494 words
    • Article, Illustration
      Lock icon Who will work in S’pore’s factories?
      873 4  -  Some SMEs moving out even as others adapt to labour crunch LABOUR RESTRUCTURING By CAI HAOXIANG [SINGAPORE] Homegrown heavy duty plastic bag maker SL Packaging has been in Singapore since 1980. But an acute labour shortage and high electricity bills finally pushed the company
      873 words
    • Article
      Lock icon Foreign firms, trade bodies add their voice to labour crunch
      697 4  -  Top worry is higher costs from hike in levies and wages By TEH SHI NING [SINGAPORE] Foreign business chambers and companies are chiming in with concerns over the tightening inflow of foreign workers, some of which are specific to firms
      697 words
    • Article
      Lock icon Bulk of SMEs yet to apply innovation in their business ops
      381 4  -  Most miss out on crucial role of ‘soft innovation’: survey By ZEINAB YUSUF SAIWALLA [SINGAPORE] Although 93 per cent of Small and Medium Enterprises (SMEs) acknowledge that innovation is an effective method to raise productivity, less than 50 per
      381 words
    • Article
      Lock icon Report: (Another) 40,000 jobs in banking on the line
      445 4  -  Global investment banking revamp set to slash headcount By JOYCE HOOI [SINGAPORE] The new Maserati Quattroporte might be out next year, but bankers had better not trade up just yet. Globally, some 40,000 heads might have to roll off pin-striped suits
      445 words
    • Article
      Lock icon Existing home sales up 2.1% in October
      536 4 Builder sentiment up for seventh month to 6-year high LATEST US DATA Bloomberg Reuters [WASHINGTON] Sales of previously owned US homes climbed in October while homebuilder sentiment rose for a seventh consecutive month. Purchases of existing houses, tabulated when a contract closes, increased
      Bloomberg; Reuters  -  536 words
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      250 2 Simmons XWj Backdate e/ssarij Simmons Thanks Our Loyal Customers Simmons® TS>aekCurt III has been my husbands and my trusty sleeping companion/ foe over [t has never failed us in providing 0/ comfortable/ rest after 0/ long (turd dug. Wt artgoing to repluee it with 0/ new ont soon and guess
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      63 3 m* < i ct r r f V 00 f CM i c i OYSTER PERPETUAL SUBMARI N ER DATE THE HOURGLASS TAKASHIMAYA S.C., TEL: 6734 2420. TANG PLAZA, TEL: 6235 7198. ION ORCHARD, TEL: 6509 9282. KNIGHTSBRIDGE, TEL: 6884 8484. ORCHARD CENTRAL, TEL: 6337 8309. RAFFLES HOTEL ARCADE, TEL:
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      131 5 GP GIRARD PERREGAGX MECHANICS OF TIME SINCE 1791 VINTAGE 1945 XXL Pink gold case, sapphire case back, Girard-Perregaux automatic mechanical movement. Hour, minute and small second. A FJ BENJAMIN F J Benjamin Service Centre 230 Orchard Road, #04-230 Faber blouse, Singapore *****4 Service Centre: (65) 6736 3933 Office: (65) 6737
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  • COMPANY NEWS
    • Article
      Lock icon F&N gains as $50m break fee seen as reasonable
      620 5  -  It may trigger a potential bidding war; OUE shares also up By KENNETH LIM SHARES of Fraser and Neave (F&N) continued to climb yesterday as experts said management took a reasonable risk when it agreed to a $50 million break fee
      620 words
    • Article, Illustration
      Lock icon Sembmarine firms up US$295.5m Norway order
      272 5  -  By LYNN KAN SEMBCORP Marine subsidiary Jurong Shipyard has firmed up a US$295.5 million order from Prosafe, after inking a letter of intent for the rig in October. Jurong Shipyard will build a harsh-environment accommodation semi-sub-mersible for the Oslo-listed Prosafe, similar to the Safe
      272 words
    • Article
      Lock icon Making documents crystal clear pays off for OCBC
      271 5  -  By TEO SI JIA OCBC Bank has started stripping its forms and documents of “bank-speak” the jargon and legal terms that often trip up customers who seek financial products and services. Its documents have progressively been awarded the Crystal Mark from UK’s
      271 words
    • Article
      Lock icon ASX proposes levy on predatory trading strategies
      244 5 Bloomberg [SYDNEY] Australia should charge professional investors if they use predatory trading strategies in the equity market, according to ASX Ltd, the operator of the country’s main stock exchange. This comes as governments in Australia, Hong Kong and Singapore consider the extent to
      Bloomberg  -  244 words
    • Article
      Lock icon Macquarie IIF against bid to raise board size
      612 7  -  Shareholders’ group with 10.28% stake seeks directorships for its nominees By ONG CHOR HAO MACQUARIE International Infrastructure Fund (MIIF) could see a boardroom shake-up soon if resolutions at a special general meeting (SGM) next month are passed, even as it considers a
      612 words
    • COMPANY BRIEFS
    • Article
      Lock icon Investor Relations Highlights
      277 7 ShareInvestor A SUBSIDIARY OF Sfh DMX Technologies Posted 3Q 2012 Net Profit Growth Of 8.6% To US$5.8m Despite Economic Headwinds DMX Technologies Group Limited, a leading integrated network infrastructure and digital media solutions provider, was pleased to report a 8.1% year-on-year growth in revenue to US$96.3 million
      277 words
    • Article
      Lock icon Yoma plans 1 -for-4 rights issue, $102.2m placement
      630 8  -  Group also plans to convert Yangon’s former railway HQ into five-star hotel By KENNETH LIM YOMA Strategic Holdings will pursue its second rights issue this year to help fund an US$81.28 million acquisition of economic rights to a major mixeduse development project
      630 words
    • Article, Illustration
      Lock icon Aiming to make 1,000 wishes come true
      170 8 CITI Singapore is working with The Boys’ Brigade on its Share-a-Gift project this year to help fulfil some 1,000 wishes of the underprivileged here. Fulfilling the wishes for food, clothes and other necessities will help children, the elderly and the underprivileged from eight
      170 words
    • Article
      Lock icon Leadership changes at Keppel Land from Jan 1
      328 8  -  By ANDREA SOH KEPPEL Land is making changes to its leadership team with effect from Jan 1 next year. The property group will be consolidating its residential and commercial operations in Singapore into one unit. This will be headed by Tan Swee
      328 words
    • Article
      Lock icon MLT to acquire Wuxi park for 116m yuan
      427 8  -  By CARINE LEE MAPLETREE Logistics Trust (MLT) is adding a China logistics park to its portfolio, even as the sale of a Singapore property has fallen through. A memorandum of understanding has been inked with its sponsor, Mapletree Investments Pte Ltd, to
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stocks still actively traded
      542 6  -  ST Index continues to drift as serious investors keep to the sidelines STOCKS VEN SREENIVASAN Senior Correspondent FEARS about going over the fiscal cliff may have given Wall Street stocks a lift last week, but one would not know it by the lacklustre performance of
      Source: Bloomberg  -  542 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 6 Nov 19 VALUE CLOSE BT OB/OS -608.00 -39.00 BT CADI -*****.00 +56.00 BT 10-day MA -*****.00 -61.00 FTSE ST Mid Cap 727.35 +3.12 FTSE ST Small Cap 475.19 +1.16 FTSE ST All Share 723.59 +1.64 FTSE ST China Top 194.50 +0.62 FTSE ST China 220.37 +0.25 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME YHM 399,027,000 Noble Grp 89,238,000 GSH Corp 53,667,000 Geo Energy 47,625,000 WE Hldgs 45,603,000 Transcu Grp 36,140,000 Genting SP 33,231,000 Vallianz Hldgs 31,241,000 Oceanus 27,750,000 Golden Agri 25,344,000 VALUE($) Noble Grp 96,375,300 Keppel Corp 64,480,773 SingTel 63,117,830 F&N 43,488,810 SembMar 41,448,970 Genting SP 41,131,490 Wilmar 35,622,800
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 4 2 0 0 0 10 4 2 Manufacturing 39 44 35 6 4 6 45 48 41 Commerce 23 14 17 5 1 1 28 15 18 Tpt/Stor/Comms 16 15 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,457 14,457 84,754 84,754 Manufacturing 183,176 61,138 244,314 188,787 866 189,653 Commerce 233,257 77,198 310,455 188,138 2,506 190,644 Tpt/Stor/Comms 81,005 12,257 93,262 131,377 3,775 135,151 Finance 16,095 305 16,400 91,137 138 91,275 Construction 32,635 400,145
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    • Article
      Lock icon BROKERS’ TAKE
      987 6  -  Compiled by KENNETH LIM Healthcare Sector OCBC Investment Research, Nov 19 DURING the recently concluded Q3 2012 results period, both healthcare companies under our coverage continued to deliver y-o-y revenue and core earnings growth. Biosensors International Group reported core profit after tax and minority interests (Patmi) which matched
      987 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.760 +0.010 CapitaLand 3.300 +0.010 CapitaMall 2.080 CityDev 10.870 -0.130 ComfortDelGro 1.580 -0.010 DBS Grp 13.710 +0.020 F&N 9.350 +0.070 GLP 2.520 Genting SP 1.230 +0.010 Golden Agri 0.600 HK Land 6.550 -0.010 IHH Healthcare 1.250 +0.005 JMH 58.820 -0.020 JSH
      112 words
    • Article, Illustration
      Lock icon Euro up on optimism over Greece deal
      472 6 CURRENCIES Reuters [LONDON] The euro rose against the US dollar yesterday as optimism grew that deals may be in prospect on more funding for Greece and on tackling the US “fiscal cliff”. However, analysts said concerns about differences of opinion between eurozone officials
      Reuters; PHOTO: BLOOMBERG  -  472 words
    • Article
      Lock icon RISES
      113 6 BY CENTS CLOSE UP DBXT iBoxxUSTr 5US$ ***** 185.0 0.7 GLD 10US$ ***** 111.5 0.5 Jardine C&C 4670 70.0 1.5 JSH 3457 57.6 1.4 DBXT FTChina25 10US$ 2740 24.5 0.7 Hyflux 6% CPS 10 ***** 20.0 0.2 OCBC Bk 4.5%NCPS 100 ***** 20.0 0.2 DBXT MSTaiwan 10US$ 1704 17.2
      113 words
    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN IS S&P500 ***** -606.6 -3.5 DBXT Nifty 10US$ ***** -169.1 -1.3 DBXT STGLDv100 10US$ 2694 -73.5 -2.2 DBS.ES.1211 1371 -39.0 -2.8 DBXT S&P Short 10US$ 3679 -36.8 -0.8 IS ASIA BND 100S$D 1307 -24.0 -1.8 DBXT MSEurope 10US$ 4370 -20.8 -0.4 Lyxor HangSeng 10US$ 270
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      282 7 Cash Out m Crisis Warren Buffett is able to compound an annual average of 20% from his investments for 40 years, turning $9,800 to over 40 billion. The great Sir John Templeton, one of the greatest stock picker of all time, outperform and outbeat the market consistently for 5 decades.
      282 words
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      Lock icon Page 7 Advertisements Column 2
      99 7 CORUM LA CHAUX-DE-FONDS SUISSE m m M i ADMIRALS CUP LEGEND Watch with tourbillon escapement, 18K red gold case water-resistant to 30 meters. Sapphire crystal back. CORUM automatic movement with micro-rotor. CORTINA WATCH ESPACE Millenia Walk Tel: *****728 Marina Bay Sands Tel: 6688 7357 CORTINA WATCH Ion Tel: 6509 9218
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  • SINGAPORE NEWS
    • Article
      Lock icon Social media: S’pore firms missing out on sales action
      513 9  -  By JOYCE HOOI LOCAL companies need to pull up their Facebook socks and roll out their Twitter feeds. According to a report by social media firm RockPublicity.com, firms in Singapore missed out on $809 million worth of revenue through social media
      513 words
    • Article
      Lock icon GMR Energy project on track; parent considering sale: reports
      477 9  -  By RONNIE LIM NEW power player GMR Energy Singapore remains focused on its operations here and on completing its new $1.2 billion power station on Jurong Island by the targeted fourth quarter of next year, said CEO Yu Tat Ming. He
      477 words
    • Article, Illustration
      Lock icon Painting for charity
      137 9 EIGHT-YEAR-OLD art prodigy Gelyn Ong has put her passion for nature and the environment on the canvas of 22 acrylic paintings. My Dreams, My Wishes Part 2 is her second solo exhibition in support of Make-A-Wish Foundation Singapore. Proceeds from the art exhibition will go to the
      137 words
    • Article
      Lock icon Territorial disputes could deter investors: PM Lee
      602 9  -  He calls on parties to refrain from provocative actions or the use of force ASEAN SUMMIT Reports by CHUANG PECK MING in Phnom Penh IN A meeting between Asean leaders and Chinese leader Wen Jiaobao yesterday, Singapore Prime Minister Lee Hsien Loong warned
      602 words
    • Article, Illustration
      Lock icon Major Asian nations join Asean FTA talks
      320 9 ASIA’S four biggest economies China, Japan, India and South Korea yesterday formally agreed to take part in talks to roll out what could be the world’s biggest free trade market, as Asean leaders kicked off negotiations for the Regional Comprehensive Economic Partnership. The
      PHOTO: AFP  -  320 words
    • Article
      Lock icon 7,800 HDB flats reap $23m project benefits
      344 9  -  By ONG CHOR HAO NEARLY 7,800 flats have benefited from a $23 million programme to make public housing estates more convenient for residents, said Minister for National Development Khaw Boon Wan. In a blog post yesterday, Mr Khaw signalled the conclusion of the
      344 words
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      Lock icon Page 9 Advertisements Column 1
      175 9 Advanced Master in Financial Techniques Singapore, Paris if sss S3 Master the Complexity of Finance Cross Continent Learning Personalized Mentoring Powerful Alumni network in the most reputed financial institutions Uas a young engineer, I found with the Advanced Master in Financial Techniques an efficient way to broaden my skills Into
      175 words
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      Lock icon Page 10 Advertisements Column 1
      239 10 SPHis more just a newspaper than company We go beyond the power of print to meet evolving needs. Through digital platforms, radio, outdoor media, exhibitions, shopping malls and community activities, we engage minds and enrich lives. DIGITALThe AsiaOne network, STJobs, STProperty, STClassifieds, STCars, STOMP, ST Razor TV, omy.sg, shareinvestor.com, HardwareZone.com,
      239 words
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  • SME Inc
    • Article, Illustration
      Lock icon Traditional values melded into modern tableware
      955 11  -  By WANG XIN MIN I F YOU find yourself dining in the Shangri-La Hotels Resorts, the Las Vegas Sands, Four Seasons Hotels Resorts, the Ritz-Carlton or any such high-end hotel or restaurant and turn over the tableware, chances are you will find the name
      PHOTO: ARTHUR LEE  -  955 words
    • Article, Illustration
      Lock icon Making sense of other comprehensive income
      947 12  -  Stakeholders who focus on a long-term performance measure may use comprehensive income as a surrogate for future profits, writes PEARL TAN Engage SMU profs PEARL TAN writesPEARL writesPEARL TAN Pearl Tan is an associate professor of accounting (practice) at the School of Accountancy, Singapore
      ILLUSTRATION: LUDWIG ILIO  -  947 words
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      65 11 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
      65 words
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      Lock icon Page 11 Advertisements Column 2
      529 11 T Overcome the Crunch Bring out the best in every worker with the right training 0 SINGAPORE WORKFORCE SKILLS QUALIFICATIONS I To overcome the labour crunch, Metro has always looked for ways to bring out the best in every worker. Aside from job enlargement schemes and incentive packages, Metro invests
      529 words
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      198 12 Have a pressing question about a business-related issue that your company is facing? Professors from the Singapore Management University (SMU) will give expert advice and answers to your queries fortnightly. Send an e-mail with your query and the subject line “Engage SMU Profs” to feldac@sph.com.sg. Include particulars such as your
      198 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon When creativity meets productivity
      954 13  -  MDA’s plan for the media sector is ambitious: the value-add per worker as of 2010 $96,700 is targeted to hit $119,700 by end-2013, reportsJOYCE HOOI MEDIA reportsJOYCE reportsJOYCE HOOI GIVEN the elusive alchemy of coming up with a hit in the creative field, the media industry
      FILE PHOTO  -  954 words
    • Article, Illustration
      Lock icon Bringing new worlds into existence in double-quick time
      1032 13  -  Magma Studios has devised a tool that puts the writing of online games within reach of even the non-programming types By JOYCE HOOI THE world may have been created in six days with enough time for the Sunday off, no less but
      PHOTO: ARTHUR LEE  -  1,032 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon M’sia likely to revise 2012 growth estimates upwards
      511 14  -  Domestic activity main driver of Q3 growth, accelerating to 13.9% from 12.2% in previous quarter By S JAYASANKARAN MALAYSIA’S 2012 growth prospects are likely to be revised upwards after an unexpectedly strong performance in its third quarter showed that the country, like
      PHOTO: AFP  -  511 words
    • Article
      Lock icon Natural rubber production on the rebound
      671 14 Momentum driven by contraceptives manufacturing Bloomberg [KUALA LUMPUR] Karex Industries Sdn Bhd, the world’s biggest condom manufacturer, will expand capacity after selling shares next year, boosting Malaysia’s bid to rejuvenate its rubber industry amid competition from Thailand and Vietnam. “Demand for condoms is continuously
      Bloomberg  -  671 words
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      42 14 kissel A Jf Ah^Ofds CVCtM vtS'h KISS92 IS PART OF SPH RADIO NETWORK A $20,000 diamond is yours for a kiss Tune in to Kiss92 to find out how to make this diamond yours forever kiss92.sg Dfacebook.com/kiss92fm @kiss92fm 9 the Diamond guarantee
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Low risk, high reward: Agility pays off for top Indian bank
      805 15 Alertness, ability to pick early signs of problems help it keep bad loans low Reuters [BANGALORE] When reports surfaced in July that Indian newspaper publisher Deccan Chronicle Holdings Ltd was struggling for survival, several of its creditors were caught
      Reuters; PHOTO: REUTERS  -  805 words
    • Article
      Lock icon Xi Jinping warns party of corruption scourge
      541 15 AP [BEIJING] China’s new leader Xi Jinping warned officials they must fight the increasingly serious problem of corruption or risk ruining the country, though he offered no specific new proposals on how to combat the scourge. In a weekend speech that was carried
      AP  -  541 words
    • Article
      Lock icon Indian tycoon shot dead ‘by own brother’
      580 15 Row over family business ends in gunfight at luxury farmhouse outside Delhi NYT [NEW DELHI] Gurdeep Singh Chadha was one of India’s most powerful businessmen, a liquor and real estate baron whose influence was intertwined with his money. Known as Ponty, he was
      NYT  -  580 words
    • Article
      Lock icon HSBC in talks to sell Ping An Insurance stake
      439 15 Bloomberg [HONG KONG] HSBC Holdings plc is in talks to sell its US$9 billion stake in Ping An Insurance (Group) Co, China’s second-largest insurer, as the UK bank sheds assets to revive profit growth. Europe’s largest lender by market value “is
      Bloomberg  -  439 words
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      332 15 FUTURE iit iiti®i f CHINA ADVANCED LEADERS PROGRAMME Up your China-quotient and join us on this experiential journey now! www.futurechina-alp.sg FC_ALP@businesschina.org.sg FAST TRACK TO BUSINESS SUCCESS IN CHINA Jointly conducted J1 H by Business China and Nanyang Business School, the Future China Advanced Leaders Programme is the only business management
      332 words
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  • ECONOMY WATCH
    • Article
      Lock icon Global ‘shadow banking’ hits US$67t in 2011
      623 16 Top regulatory group calls for greater control of the sector Reuters [BRUSSELS] The system of so-called “shadow banking”, blamed by some for aggravating the global financial crisis, grew to a new high of US$67 trillion globally last year, a top regulatory group said,
      Reuters  -  623 words
    • Article, Illustration
      Lock icon US, China set to appoint new trade negotiators
      888 16 Outlook for bilateral economic relations remains uncertain NYT [BEIJING] The rare congruence of the US and Chinese political calendars this month, with both countries choosing leaders for the coming years, is about to produce an equally rare replacement of most of each
      NYT; PHOTOS: AP, AFP  -  888 words
    • Article
      Lock icon US Dodd-Frank Act exemption for forex swaps, forwards
      387 16 Reuters [WASHINGTON] Banks and other large market players that use certain derivatives to protect against currency fluctuations will be spared from the most costly new rules required by the 2010 Dodd-Frank Act, the US Treasury Department said late last Friday. Foreign exchange
      Reuters  -  387 words
    • Article
      Lock icon Minister rails against tax avoidance by firms in UK
      186 16 AFP [LONDON] British Business Secretary Vince Cable on Sunday urged authorities to clamp down on “completely unacceptable” corporate tax avoidance, but stressed that any broad reforms needed to be international in nature. Pressure is mounting on multinationals, notably Google and Starbucks,
      AFP  -  186 words
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      1317 16 a- WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1) SILVER LOFT INVESTMENT CORPORATION LIMITED (Co. Registration No. *****1767D) 2) TH HEAVYLIFT PTE LTD (Co. Registration No. *****0987C) (IN MEMBERS’ VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING
      1,317 words
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      204 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF INDIGO PACIFIC PARTNERS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****0611G NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member of the abovenamed Company
      204 words
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  • WORLD
    • Article, Illustration
      Lock icon Hamilton’s win takes title chase to last race in Brazil
      458 17 FORMULA ONE AFP [AUSTIN, Texas] Lewis Hamilton gate-crashed Sebastian Vettel’s title party on Sunday when he produced a dazzling drive for McLaren to win a thrilling United States Grand Prix. The 27-year-old Briton, who started second on the grid alongside
      AFP  -  458 words
    • Article
      Lock icon ING gets more time to repay aid
      451 17 It avoids fire sale of assets, delays paying dividends Reuters [AMSTERDAM] Dutch banking and insurance group ING has won more time from regulators to shed assets and repay government aid, avoiding a fire sale but keeping it under state supervision for longer and
      Reuters  -  451 words
    • Article
      Lock icon Italy’s Monti seals 2b euro investment deal with Qatar
      477 17 50:50 JV over four years will focus on food, fashion, luxury, furniture, tourism Reuters [DOHA] Qatar has agreed to invest as much as 1 billion euros (S$1.56 billion) in Italian companies, aiding efforts by Italy’s Prime Minister Mario Monti to breathe
      Reuters  -  477 words
    • Article
      Lock icon Charity wine auction raises record 5.9m euros
      178 17 AFP [DIJON, France] The Hospices de Beaune, an annual charity auction that is one of the highlights for France’s wine world, raised a record 5.9 million euros (S$9.2 million) this year, organisers said yesterday. Carla Bruni-Sarkozy, France’s former first lady, added a touch
      AFP  -  178 words
    • Article, Illustration
      Lock icon Investors in US rush to beat threat of higher taxes
      977 18 Moves include sales of businesses, onetime dividends and sale of top stocks NYT [NEW YORK] Business owners and investors in the US are rapidly manoeuvring to shield themselves from the prospect of higher taxes next year, a strategy that is
      NYT; PHOTO: AFP  -  977 words
    • Article
      Lock icon US lawmakers confident they can avert fiscal cliff
      738 18 Reuters [WASHINGTON] Leading US lawmakers expressed confidence on Sunday that they could reach a deal to avert the “fiscal cliff” even as they laid down markers on taxes and spending that may make any agreement more difficult. Republicans and Democratic leaders have
      Reuters  -  738 words
    • Article
      Lock icon World Bank fears devastating 4-degree C warming
      768 18 AFP [WASHINGTON] The World Bank warned on Sunday that global temperatures could rise by 4 degrees Celsius this century without immediate action, with potentially devastating consequences for coastal cities and the poor. Issuing a call for action, the World Bank tied the future
      AFP  -  768 words
    • Article, Illustration
      Lock icon Murdoch’s Twitter post causes a flutter
      309 18 NYT [NEW YORK] Ever since Rupert Murdoch opened a Twitter account last December, he appeared to enjoy ruffling feathers with his posts, which are limited to 140 characters. But early on Sunday, a Twitter message that accused the “Jewish-owned press” of favouring Gaza over
      NYT  -  309 words
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      140 18 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Industrial Government Land Sales: Land Parcels at Buroh Street and Tuas South Street 6 TOLL Logistics ■Uto SH Cogent (U/C) SI H Sembcorp Marine Site Information Buroh Street Location Land Area Tenure GPR Zoning Buroh Street 27,400 sqm 30 years 2.5 B2 fl plot
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Maersk to shift from shipping to more profitable units
      650 19 It won’t invest significant amounts in Maersk Line, focus on oil, rigs and ports Reuters [SINGAPORE] Danish oil and shipping group A.P. Moller-Maersk will not invest significantly in its shipping business over the next five years and will focus on its
      Reuters; PHOTO: REUTERS  -  650 words
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      Lock icon Boeing set for big dividend increase
      754 19 Move to boost share price which has fallen 3.5% this year Bloomberg [SEATTLE] Boeing is poised for its largest dividend increase since the financial crisis, returning cash to investors as it tries to bolster a stock price hurt by delays to its 787 Dreamliner
      Bloomberg; PHOTO: REUTERS  -  754 words
    • Article
      Lock icon Fuel-efficient tankers give owners an edge
      619 19 Reuters [LONDON] A rush of orders for new fuel-efficient tankers threatens to exacerbate a glut of ships that carry refined crude oil products, a market that is only now starting to recover from four years of oversupply and soft demand. Big cost savings mean
      Reuters  -  619 words
    • Article
      Lock icon SAS strikes deal with pilots’ union
      595 19 Bloomberg [STOCKHOLM] SAS Group struck a deal with its biggest pilot union over plans to shrink the business, hours after a midnight deadline passed as Scandinavia’s biggest airline company fights to stay afloat. SAS also reached terms with its main Swedish cabin crew union
      Bloomberg  -  595 words
    • Article
      Lock icon TRANSPORT STOCKS
      256 19 SGX '000 Nov 19 S$ +/-Vol CH Offshore 0.44 -0.02 244 Chuan Hup Hldg 0.24 unch 143 Cosco Corp 0.87 0.01 2732 s$ Ezra Hldgs 1.01 0.01 2923 First Ship Lea 0.12 unch 560 Freight Links 0.06 unch 2164 Grand Banks unch unch 0 Jaya Hold Ltd 0.55
      256 words
    • Article
      Lock icon The Business Times Shipping Times
      1943 22 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
      1,943 words
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      19 19 Chongqing outsidetop10 inpercapita disposable income among28 provinces &cities provinces cities AtSlRT^SBiKA To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      305 19 CRYPTIC CROSSWORD Across 1 Execution of play at the end with a twist (5,7) 8 Jacked up without one getting demolished (5) 9 Queen’s back, refined with rap (9) 11 Repelled by North American consumed about nosh (9) 12 Tickle trout’s tail with dexterity (5) 13 Catch terrible cheat causing
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon CEO head-hunting outside the company
      998 20  -  How corporate boards can boost the success rate of bringing in an outsider CEO By KATHRYN YAP The writer is managing partner of CTPartners Singapore, an executive search firm THE spotlight is always on the board or the search committee when a successor to the
      PHOTO: AFP  -  998 words
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      Lock icon Economic justice and growth aren’t incompatible
      815 20  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and interna tional affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 THE Twinkie, it turns out, was introduced way back in 1930. In our memories, however, the
      815 words
    • Article
      Lock icon After the storm, the deluge
      461 20 EDITORIAL AFTER the bursting of the dotcom bubble in March 2000 came the crash of 2000-2001 which wiped US$5 trillion off stock markets. For a generation of battered entrepreneurs, that violent storm appeared to have doused all dreams of a brave new Internet-driven world. They
      461 words
    • Article, Illustration
      Lock icon All eyes on the coming fiscal cliff
      1542 21  -  There are fears that the intertwining of several major fiscal developments may unleash a new recession LEON HADAR Washington Correspondent FOR the last few months, we have been bombarded with end of the world predictions about the potential impact of what US Federal
      PHOTO: AFP  -  1,542 words
    • Article
      Lock icon The downside of interdependent networks
      710 21  -  By BORIS PODOBNIK GENE STANLEY The writers are respectively a researcher and professor in the Department of Physics at Boston University IN a globalised economy, every nation competes with every other. The most important goal for every nation is to be better than its principal
      710 words
    • Article
      Lock icon Incorrect assertions made in CFA Institute event report
      707 21  -  LETTER TO THE EDITOR Richard David Director Treasury Holdings Real Estate Pte Ltd (THRE), trustee manager to Treasury China Trust (TCT) WE refer to your Show Me The Money column, “Business trusts scrutinised” (BT, Nov 17), which was a report on a
      707 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2845 23 Transaction date: Nov 19 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Da ('000) High 149.5 92.5 AIMSAMPIReit 138 unch 571 138.5 137 138 138.5 6 13.2 618.7
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      Lock icon SGX CATALIST
      165 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil 12.1
      165 words
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      Lock icon UNIT TRUST & FUNDS
      8410 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local "<fcy SD Bond 0.9867/ EM Local Ccy
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      Lock icon GLOBALQUOTE
      189 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 26 Genting HK US$ US31.5 -0.5 1441 32 31.5 31.5 32 2074.1 Sale 228 169 TanChongInt HK210 212 213 4.3 3.3 7 4229.2 STOCK PRICES
      189 words
    • Article
      Lock icon SGX ETF
      958 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 119 -2 17 119 119 119 121 543.2 128.9 120.4 CIMB APAC Div 100S$D 125 123.3 124.2 105.5 95.8 CIMB
      958 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      629 25 Nov 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9141.27 9183.46 9135.29 Dec12 9010.00 9190.00 8980.00 9145.00 *****8 *****0 Mar13 8985.00 9145.00 8985.00 9130.00 30 2220 MSCI TAIWAN INDEX FUTURES SPOT 255.94 257.37 255.94 Nov12 254.90 256.70 253.40 255.20 ***** *****4 Dec12 254.10
      629 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Nov 16 Index Change Change Change Change Change Change World Preliminary 880.7 -0.1 6.1 0.1 0.2 -0.3 5.7 EAFE Preliminary 716.1 -0.4 5.0 -0.4 -1.5 -0.8 3.9 Europe Preliminary 1075.2 -1.2 4.7
      373 words
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      Lock icon SMX MARKET UPDATE
      94 25 As on 16 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1716.50 1705.80 1714.80 INDIA GOLD (E-GOLD) FUT DEC2012 572.15 569.10 572.20 CURRENCY EUR-USD FUT DEC2012 1.2780 1.2704 1.2734 BASE METAL COPPER FUT DEC2012 7655 7561 7610 INDEX IRON ORE (MBIO) IDX
      94 words
    • Article
      Lock icon CHICAGO BOT
      107 25 Nov 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1383.25 1402.00 1409.25 1372.25 Mar 13 1368.00 1384.00 1390.25 1356.00 May 13 1351.50 1362.25 1367.75 1337.75 Jul 13 1343.50 1354.50 1359.00 1331.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 47.05
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Nov 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.05 -0.72 WTI (Near Mth) 86.67 1.33 Dubai (1-Mth F) 105.26 -0.69 Tapis blend 113.15 -0.75 Minas 106.73 -0.75 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.44 -2.12 Jet Kerosene 124.76 -0.58 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Nov 19 S$ Bid Offer 1-month 1.2255 1.2256 2-months 1.2255 1.2256 3-months 1.2255 1.2256 6-months 1.2255 1.2256 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      67 25 Nov 16 Aluminium. uunty iioviAuitfri dust fcmll IfJWS i (Oftnliii wsni Pfoiinlls I-M3 03 Luppir IimiIcA nr.ti. m 7W.X5 i (QCinUe 73lh DI 7539 5u Levi <P*i/(Wimu Uoh ZXftTS I frv£>nllr- 3'5i>D! ilVtH V199IO Klifkul (llWtOmfit L«h 3 mnnfc mot do tsaioio tin (UVVtWWt') t«t| J/jfaVj 3 rwnfc
      67 words
    • Article
      Lock icon LIFFE
      80 25 Nov 16 COCOA (£/tonne) Close Prev High/Low Dec 12 1556 1604 1603/1548 Mar 13 1553 1602 1601/1540 May 13 1559 1607 1604/1549 Jul 13 1566 1613 1611/1560 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1899 1893 1912/1900 Jan 13 1901 1903 1925/1895 Mar 13 1915 1920 1942/1910 May 13 1929
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      855 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 408 7.37 18 Conv Ratio Exer Best World Intl Ltd W*****5 0.3 1 30 84 55.00 8 Prem Disc Biosensors Int'l Group.ES.1211 114 Expiry FTSECHINAA50
      855 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 25 Nov 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.464 0.812 8.037 57.006 99.921 0.843 11.271 3.178 1.274 99.538 42.718 1.271 9.175 0.979 30.238 31.857 0.652 1.037 Canada 0.965 6.235
      470 words
    • Article
      Lock icon SIBOR
      62 25 Nov 19 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
      62 words
    • Article
      Lock icon PRECIOUS METALS
      133 25 Nov 19 GOLD(US$/oz) Nov 16 Nov 19 Hong Kong 1723.90 1733.00 Nov 15 Nov 16 London 1716.99 1712.90 1718.21 1713.30 Source: Thomson Reuters CAST BAR Nov 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 152 68 5gm 433 339 10gm 773 678
      133 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      84 25 Nov 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 21-Feb-13 0.24 6-Month BS*****A 16-May-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.08 5-Year N*****0Z 2.375 01-Apr-17 108.71
      84 words
    • Article
      Lock icon PALM OIL
      57 25 Nov 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2392.0 2360.0 2403.0 2380.0 873 7814 Jan 13 2440.0 2396.0 2448.0 2421.0 9573 ***** Feb 13 2472.0 2429.0 2479.0 2451.0 ***** ***** Mar 13 2503.0 2460.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 25 Nov 19 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2702 1.2710 1.0366 1.0371 Canadian dollar 1.2252 1.2259 1.0003 0.9998 Euro 1.5637 1.5641 1.2761 1.2763 NZ dollar 0.9969 0.9979 0.8135 0.8143 Sterling pound 1.9484 1.9489
      156 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Nov 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.298 1.237 Can dollar 1.253 1.194 Euro 1.6 1.524 Sterling pound 1.985 1.909 NZ dollar 1.031 0.973 US dollar 1.251 1.192 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      155 25 Nov 19 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12
      155 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Miami sees boom ‘like never before’
      1727 26  -  Number of multi-family developments soars as most of the unsold and unoccupied condo towers are converted to rentals, reports NADJA BRANDT reportsNADJA reportsNADJA BRANDT Bloomberg [LOS ANGELES] MIAMI’S roller-coaster real estate market is booming again after its worst crash left dozens of unfinished buildings
      Bloomberg; PHOTO: BLOOMBERG  -  1,727 words
    • Article
      Lock icon Kangwon Land climbs on gambling expansion chances
      268 26 Bloomberg [SEOUL] Kangwon Land Inc, a South Korean casino and hotel operator, rallied to a nine-month high in Seoul stock trading yesterday on speculation that the company would get government approval to expand its gambling business. The stock climbed 5.1 per cent to
      Bloomberg  -  268 words
    • Article, Illustration
      Lock icon Hundreds of NYC homes to be demolished
      1214 27 Many structures in areas hit by Hurricane Sandy are so damaged they pose a danger to public safety NYT [NEW YORK] New York City is moving to demolish hundreds of homes in the neighbourhoods hit hardest by Hurricane Sandy, after a grim assessment
      NYT; PHOTO: AFP  -  1,214 words
    • Article, Illustration
      Lock icon The Index strata offices seen going for at least $2,400 psf
      611 28  -  The project will also offer 50 medical suites, starting from $3,500 psf By KALPANA RASHIWALA INVESTOR interest in the strata office market is expected to go up a few notches in coming weeks as Far East Organization gets ready
      Source: URA  -  611 words
    • Article
      Lock icon Empty shops in UK town centres hit new high
      294 28 Reuters [LONDON] The proportion of empty shops in British town centres hit a record in October in the face of stagnating sales and rising costs, according to a survey from the British Retail Consortium (BRC) published yesterday. The year 2012 has
      Reuters  -  294 words
    • Article, Illustration
      Lock icon More pressure seen on S’pore office rents
      579 28  -  7.2m sq ft of NLA coming onstream in CBD area by 2017 By PAULINE NG in Kuala Lumpur AN estimated 7.2 million square feet of net lettable area (NLA) is expected to come onstream in Singapore’s central business district (CBD) over the next
      PHOTO: THE STRAITS TIMES  -  579 words
    • Article
      Lock icon Former St Joseph’s Convent site put up for lease
      228 28 ELEVEN Hillside Drive, the site of former CHIJ St Joseph’s Convent School, has been put up for lease by its newest owner. The 81,467-square-foot plot of land with a gross plot ratio of 1.4 has a 103-year lease and has been
      228 words
    • Article
      Lock icon US agency woes point to need for mortgage reforms
      626 28 Bloomberg FOR the first time in its 78-year history, the US Federal Housing Administration might need a government bailout. The agency’s most recent audit, released last week, reveals it is burdened by a US$16.3 billion deficit in the value of its
      Bloomberg  -  626 words
    • Article
      Lock icon London home prices continue to rise on demand from foreign buyers
      492 28 Bloomberg [LONDON] London home sellers increased asking prices for a third month in November as the city’s wealthiest areas continued to lure overseas buyers, Rightmove plc said. Prices in the UK capital increased 1.2 per cent to an average
      Bloomberg  -  492 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      104 26 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 vSb ■Eil Call Now: 6100 0080 THE LEADING BUNGALOW SPECIALIST
      104 words
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      Lock icon Page 26 Advertisements Column 2
      279 26 CROWN CENTRE FOR SALE ENTIRE GROUND FLOOR RETAIL SPACE FREEHOLD Extremely rare opportunity to acquire ALL of the ground floor strata retail units in a mall (total 19 units) Freehold 1 Approx 50m wide frontage facing Bukit Timah Road with road frontage along King’s Road and Queen’s Road Approx. 350m
      279 words
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      Lock icon Page 26 Advertisements Column 3
      14 26 Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements CLA/FEBII/g www.omy.sg
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      Lock icon Page 26 Advertisements Column 4
      44 26 16,000, 3? non f 9; ,0 '°00, S W- High am? to r 6 °-000 medical, it, p Clea n rm, BUILDING Check this out and many other properties in CATS Classified in The Straits Times now! T>i BUY IT* SELL IT* FIND IT
      44 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      396 27 FOR SALE BY TENDER CITY FRINGE FREEHOLD LIGHT INDUSTRIAL BUILDING Land Size 2,223.7 sqm (23,935.6 sqft approx) MP 2008 Business 1 Use with GPR of 2.5 100% Consensus; Legal Completion within 3 months Close Proximity to Kallang Aljunied MRT Stations Near Future Kallang Riverside Waterfront Development Ideal as Corporate HQ
      396 words
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      Lock icon Page 27 Advertisements Column 2
      104 27 SUPERB GROUND FLOOR UNITS FOR SALE Price from $760 psf Sizes from 2799sqft to *****sqft (Combinable) High Ceiling of 7.5m TOP June 2013 Excellent Frontage Convenient to all parts of Singapore Suitable for Bicycle Warehouse/ Repair, Printing Trade, Information Systems, R&D more... call 9228 9010 Visit our Sales Gallery: 2
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  • SPECIAL ASIA PACIFIC ENTREPRENEURSHIP AWARDS 2012
    • Article, Illustration
      Lock icon Winning and growing
      658 1  -  The Asia Pacific Entrepreneurship Awards give winners recognition and networking opportunities to expand their businesses, reports ahmad osman reports AHMAD OSMAN THE annual Asia Pacific Entrepreneurship Awards (APEA) provide a platform for winners in Singapore to have regional recognition and networking to grow their businesses and achieve
      PHOTO: APF GROUP  -  658 words
    • Article, Illustration
      Lock icon Perseverance pays for business leaders
      966 2  -  These winners of the Asia Pacific Entrepreneurship Awards tell vishwesh iyer what it takes to be successful VISHWESH IYER BEHIND the glitz and glamour of the Asia Pacific Entrepreneurship Awards (APEA) 2012 lie the winners’ tales of grit, guts and gumption. Starting a business is
      PHOTOS: APF GROUP, FENG MING CONSTRUCTION, GLOBAL PROPERTY STRATEGIC ALLIANCE  -  966 words
    • Article, Illustration
      Lock icon Rising to the challenge
      940 4  -  APEA winners set their sights on diversification to cope with a slowing economy By Douglas Chew A LACKLUSTRE growth outlook has not stopped Combglow Lighting, a distributor of lighting fixtures and manufacturer of LED lighting products, from venturing overseas. Seeing a growing demand for LED products
      PHOTO:APF GROUP; PHOTO: CHONG JUN LIANG; PHOTO: MOLDFACTORY  -  940 words
    • Article, Illustration
      Lock icon Building strong human capital
      947 6  -  Three Asia Pacific Entrepreneurship Awards 2012 winners tell JANICE GOH their strategies in maintaining a productive and motivated workforce JANICE GOH THE human resources department at the headquarters of Rigel Technology, a specialist in cutting-edge green restroom products, has its work cut out to keep its
      PHOTO: RIGELTECHNOLOGY; PHOTO: APF GROUP; PHOTO: CHONG JUN LIANG  -  947 words
    • Article, Illustration
      Lock icon The power of women
      999 8 / 9  -  Three top women entrepreneurs who won at this year’s Asia Pacific Entrepreneurship Awards say they had to overcome challenges in finding business success By Wong Sher Maine WOMEN are not the weaker sex when it comes to being successful entrepreneurs. “Being a woman puts me in
      Photo: APF Group; Photo: Chong Jun Liang  -  999 words
    • Article, Illustration
      Lock icon Investing in technology
      1169 10 / 11  -  Four winners at the Asia Pacific Entrepreneurship Awards say information technology has a big role to play in their business growth By Douglas Chew TECHNOLOGY has proven to be an enabler for these four companies, all winners at this year’s Asia Pacific Entrepreneurship Awards (APEA). Electronics Engineering
      Photos: Chong Jun Liang, Sun Japan (Singapore) Systems, MHC Asia Group  -  1,169 words
    • Article, Illustration
      Lock icon Stand out in the crowd
      924 12 / 13  -  Building up their brands helps businesses capture consumers’ attention in a competitive market By Teo Kuan Yee THE winners of the Asia Pacific Entrepreneurship Awards (APEA) 2012 understand that successful businesses go beyond just the dollars and cents branding plays a crucial part. Calling it
      Photo: Accomplice; Photo: APF Group  -  924 words
    • Article, Illustration
      Lock icon Deejay turns trader
      494 14  -  Mr Jimmy Wong prides himself on helping people achieve financial freedom through his forex education institute By Janice Goh IT WAS at a bar where former deejay Jimmy Wong’s career in foreign exchange (forex) kicked off in 2008. He was then an owner of the club when
      Photo: Chong Jun Liang  -  494 words
    • Article, Illustration
      Lock icon Recipe for success
      504 14  -  Mr Lim Wee Li grows Kitchen Culture from selling one brand of kitchen appliances to more than 25 brands Janice Goh LIKE a goldsmith who keeps hammering his precious metal into shape before putting it up for sale, Mr Lim Wee Li doggedly filed the operations of
      Photo: Kitchen Culture  -  504 words
    • Article, Illustration
      Lock icon It’s all about performance
      772 15  -  Industry observers tell Hazel Tan their views on the growing number of corporate awards and how companies benefit from winning them HAZEL TAN THERE has been a rise in the number of awards being given to enterprises, particularly small and medium-sized enterprises (SMEs). These awards are
      Photos: APF Group, The Old Parliament House, Ernest Kan  -  772 words
    • Article, Illustration
      Lock icon Fighting rising costs
      1022 16  -  While inflation continues to be one of the main concerns of businesses here, companies have found ways to cope with it or mitigate the effects By Hazel Tan LIKE their counterparts elsewhere, Singapore businesses have also been affected by inflation. Companies such as Global Harvest Trading are
      Photos: MCC Land/China Jingye Engineering Corporation (Singapore branch), Feng Ming Construction, Global Harvest Trading  -  1,022 words
    • Article, Illustration
      Lock icon Helping businesses grow globally
      604 17  -  The APF Group works to develop award-winning entrepreneurs and help them stand out in the international arena By Hazel Tan EVEN though this is the last year that the APF Group is organising the Asia Pacific Entrepreneurship Awards (APEA), the awards management company is not about
      Photo: Chong Jun Liang  -  604 words
    • Article, Illustration
      Lock icon Pursuing his passion
      721 18  -  APEA’s Entrepreneur of the Year Award reaffirms Mr Thomas Bon’s determination to go beyond economic benefits and give back to society By Douglas Chew STARTING out as a one-man subcontractor in the construction industry, Mr Thomas Bon, 46, grew his team to more than 100 staff before
      Photo: Chong Jun Liang  -  721 words
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      226 1 WINNERSPIRIT OF ENTERPRISE 2009 ffonotev WINNERSINGAPORE PRESTIGE BRAND AWARD 2010, 2011,2012 (ESTABLISHED BRANDS) Singapore Prestige Brand Award 12 Winner, SPBA Established Brands WINNER MINDEF MERITORIOUS DEFENCE 2010, 2011,2012 PARTNER A TOTAL DEFENCE AWARDS at Smile inc.®, we transform and beautify smiles. INSTANT STRAIGHT WHITE TEETH INSTANT STRAIGHT WHITE, ATTRACTIVELY SHAPED
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      138 2 "Most Promising Entrepreneurship Award 2012" -rr Asia Pacific Entrepreneurship Award 2012 Clinched Marketing Magazine's "Top 10 Brand Consultancy Award Awarded No. 1 Local Brand Agency Regional Offices Connected Our Unique Countries Indonesia IP-centric Brand Growth Model" A heartfelt THANK YOU to our customers who have supported us all these years.
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      402 3 APEA T M_n Asia Pacific Entrepreneurship Awards 2012 Recipient'of The Entrepreneur Year 2012 w St H m Wiki.'-. 1A rr* •vw-. Vv v -r'rr-v vsw N *>;>.*••»; <• A »V< X—•A" -*y Artist Impression i s S S5. I 'I F- ion ?iy ss m u m With the vision
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      86 4 it:: mjlllllm mm. i mam III! iiiiiii pp ill mil I;;;;:::::: •••••••22:2! iiiii I -•!!!SSS: 1 Our Heartiest Congratulations to Mr Raymond Low Managing Director of Combglow Lighting for Achieving Excellence at Asia Pacific Entrepreneurship Awards 2012 APEA 2012 Asia Pacific Entrepreneurship Awards IZ •■■III Combglow Lighting manufactures high quality
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      327 5 JF LENNON Institute of Financial Science www.JFLennon.com Jimmy Wong For being awarded Most Promising Entrepreneur Awards of APEA 2012 CEO of JF Lennon Jimmy Wong APEA Asia Pacific Entrepreneurship Awards 2012 The FIRST ONLY FOREX institute awarded: ISO 9001 BUREAU VERITAS Certification ye 78 SMK V\ r x ONE ASIA
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      55 6 m Va f 'k I Our Hcrt/~6. a n up (UHLS Mr Ronald Goh Managing Director ELECTRONICS ENGINEERING PTE LTD Outstanding Entrepreneur AREA Award 2012 from our valued Principals Associates: EASTERN ACOUSTI LEGENDARY PERFORMANCE™ (f)vuaci 3 SALZBRENNER STAGETEC MEDIAGROUP O Symetrix 'M PreSonus TASCAM. TEAC PROFESSIONAL FURMAN PURIFY YOUR POWER
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      150 7 OUR HEARTIEST CONGRATULATIONS to DATO’ LIM WEE LI Executive Chairman and CEO Kitchen Culture Holdings Ltd. kitchen culture for winning THE OUTSTANDING ENTREPRENEURSHIP AWARD 2012 Asia Pacific Entrepreneurship Awards n m V r ■f m »a»H a" lb. r -> wmmrnsm: 4t I I Best Wishes from All of Us:
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      177 8 / 9 X T PH* y»ui e w fi p si A M PS m Feng Ming Construction Pte Ltd a ft 0 a, 0 n il I!) on being awarded AREA 2012 ASIA PACIFIC ENTREPRENEURSHIP AWARDS APEA Asia Pacific Entrepreneurship Awards 2012 Feng Ming Construction was incorporated in 1989 in the
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      170 8 / 9 ivconnexion O ASIA PTE LTD AREA 2012 AmaPauiic ENTREPRENEURS! IIP Awards j Singapore Malaysia Thailand China India iConnexion Asia Pte. Ltd. is a highly successful regional distributor of passive, discrete and electro-mechanical electronic components as well as a supplier of value added cable assembly services, Flexible and Rigid RGBs Solutions.
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      385 8 / 9 FREE FOREX SEMINAR TRADE FOREX MY WAYI l& MAKE LOTS OF ■■ii r Hurry! 5® Seats Left On MO imiiTtf BONUS! 4 Winning Strategies will be shared during this r session f in: i in ?ss*tzo- ?sac Forex Proving to Be a Big Draw to Rising Rich Source The Business
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      184 10 / 11 aspi.ra inns ere One Canberra atlnfl lifB3tylBS Canberra Residences m t. m .1-, es i- r' "X T. riSB- nans mn^ a ■»im '=i Si Hi J-WI H S3.1H^ SiJ al ~t-» Js5Qia*si s- j_j i £-1 W M »r«l V.X j fjtr mff v > The Canopy The •J
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      48 10 / 11 The Choice of Audio Visual Lighting Professionals 1 > r A Mr Henry Saravanan, H Managing Director of Synergy AVL Pte Ltd on being presented with the Most promising Award Asia Pacific Entrepreneurship Awards 2012 Hi io Kcga Singapore Malaysia Indonesia Brunei. Cambodia Myanmar. Vietnam Sri Lanka Middle East
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      279 10 / 11 VICKNESH R PILLAY Managing Director Dolphin Capital Asia to MrVicknesh R Pillay, for being conferred the Most Promising Entrepreneurship Award at the Asia Pacific Entrepreneurship Awards 2012. Headquartered in Germany, Hanover, Dolphin Capital Asia is the exclusive subsidiary of Dolphin Capital GmbH, one of the top 5 developers in Germany
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      134 12 / 13 esign Analysis JS o iS 2. Mold Manufacturing Assembly 4. Perfection 3. Production In 2011, 8% of cars manufactured in China were fitted with MoldFactory plastic parts. irw '-illffl iMT 15 U' T B"! W vjt^ 4 r Moldfactory is a leading automotive plastic component manufacturer and supplier to OEMs
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      78 12 / 13 D co/vsi/trj/vrs Bringing you tomorrow's technology today! A World of Innovation ■r ■vit V No matter what industry you are in, CAD-IT provides you with the right world-class design and manufacturing solutions. With a comprehensive suite of product life-cycle management (PLM) solutions, CAD-IT can help you achieve greater innovation, quality
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      1115 12 / 13 Direct Strike protection Transient Surge Grounding Overvoltages Protection Earth Grid Systems ERIWELD V INTERNATIONAL PTE LTD Total Solution Total Commitment chbiib Conventional Lightning Protection Enhanced Lightning Protection mrnpai sari sv »i>. Sr* m DBBH raBBBi «si BBMBB M.II —MW 7%%'t iAl l Comm/Data Equipment Supports taarniB /lur Partner: typer ThamasBetts
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      191 14 Outstanding Entrepreneur Awards Having always been focused on the green movement, Rigel has been a strong advocate for the cause since its conception in 1991, producing water-and energy-efficient restroom products with cutting-edge technology. Today it is a leading green restroom specialist with portfolio of flagship products which includes integrated sensor
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      177 14 1 *"v B i APEA Asia Pacific Entrepreneurship Awards 2012 Congratulations Dr Ye Ning Executive Director of Sun Japan (Singapore) Systems Pte Ltd for being awarded the Outstanding Entrepreneur Awards at the Asia Pacific Entrepreneurship Awards 2012 Singapore SUN JAPAN Sun Japan (Singapore) Systems Pte Ltd 47 Kallang Pudding Road
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      88 15 House of Seafood @180 TM Most Promising S u 55 mm tea WS SINGAPORE CENTURY HIE PRESTIGIOUS BRAND 1 ifc&x/j BOOK OF RECORDS Asia Pacific E.vnupRi.sfuwj«f Awards Ie. Mr. Francis Ng Managing Director House of Seafood @180 g>. m r V Main Branch I Joo Chiat Place Singapore *****9 (Behind
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      205 16 APEA Asia Pacific Entrepreneurship Awards 2012 APF Group Pte Ltd congratulates the success of the winners in the Asia Pacific Entrepreneurship Awards Singapore 2012 Entrepreneur of the Year 2012 Thomas Bon Managing Director OKH Holdings Outstanding Entrepreneurship Awards Florence Tan Chief Operating Officer CAD-IT Consultants Asia Ronald Goh Managing Director
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      272 17 H_C \rf-C4 MHC MEDICAL NETWORK PTE LTD (Subsidiary of MHC Asia Group) li PROMISING Promising “PSMESOO ■M.ipi mmsm n <fi SMEl ASIA AWARDS 2011 civ I tznrnioc /5D < g SINGAPORE'S LARGEST Third Party Administrator and Clinic Network processing over 1,000,000 Outpatient Claims per year through a network of over
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      244 18 From humble beginnings, Millennium 3 Building Products Pte Ltd was established in Year 2000 os a Raised Access Floor Specialist, and has been gaining ground since. CERTIFICATIONS Today, M3 distributes M3, Tate, and Seokyung access floor systems for offices, data centres and cleanrooms. On a complementary basis, M3 is a
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