The Business Times, 22 April 2013

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Total Pages: 38
1 38 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, April 22, 2013
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  • 1142 1  -  Entry-level salaries for S’poreans cannot be allowed to remain stagnant By TEH SHI NING [SINGAPORE] Entry-level salaries for Singaporeans have been stagnant over the past five years and this cannot continue, Acting Manpower Minister Tan Chuan-Jin told BT in an interview. This is why
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,294.05 -0.14 KL COMP 1,706.28 +7.75 NIKKEI 225 13,316.48 -168.66 HANG SENG 22,013.57 -75.48 SET INDEX 1,545.46 +18.14 JAKARTA COMP 4,998.46 +61.25 MANILA COMP 6,957.10 +65.67 SEOUL COMP 1,906.75 -17.5 SHENZHEN B 825.85 +36.19 MUMBAI IND 19,016.46 +773.90 DOW 14,547.51 -317.55 NASDAQ 3,206.06 -88.89 S&P
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    • 20 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA BRITAIN TAIWAN US JAPAN CANADA KOREA 9,33 BRITAIN Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.235 (US$/S$ per 1.534 1.895 EURO (US$/S$/E) 1.308 1.615 Foreign currency per US$ S$ YEN 99.20 80.30 RM 3.036 2.457 HK$ 7.763 6.285 BAHT 28.68 23.21 RUPIAH 9,713 7,863 RENMINBI 6.179 5.002 INDIAN RUPEE 53.88 43.62 A$ 0.966 0.782 NZ$ 1.181 0.956
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  • 675 1  -  Endorsement also likely to see yen resume its downward trend By in ANTHONY ROWLEY in Tokyo THE endorsement of Japan’s massive monetary easing by the Group of Twenty (G-20) finance ministers meeting in Washington at the weekend has opened the way for Prime
    PHOTO: REUTERS  -  675 words
  • Page 1 Advertisements
    • 220 1 VIEWS FROM THE TOP Business relook BEST EMPLOYERS 2013 Engaging employees’ hearts and minds YOUNG INVESTORS’ FORUM Which industry should you pick? PAGE 10 BizIT FOCUS Big Data changing the way banks work PAGE 38 PAGES 8-9 PAGES 25-31 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance
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  • TOP STORIES
    • 514 2  -  But there is no single magic bullet, says Tharman By FELDA CHAY [SINGAPORE] The need to create jobs and boost global economic growth took centre stage at the Spring Meetings of the International Monetary Fund’s (IMF) poli-cy-steering committee, the International Monetary and
      PHOTO: AFP  -  514 words
    • 858 2  -  Workfare remains govt’s preferred option for now By TEH SHI NING [SINGAPORE] Instituting a minimum wage is always a policy option, but it may not be the best one for Singapore to take, Acting Manpower Minister Tan ChuanJin said. While
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    • 511 2 Employment pass minimum salaries to be raised ENTRY-LEVEL salaries for Singaporeans have been stagnant over the past five years and this cannot continue, Acting Manpower Minister Tan Chuan-Jin told BT. This is why the government will be raising the minimum salary at which foreign professionals, managers and executives
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    • 444 2  -  WALL STREET INSIGHT By ROB CURRAN THE US stock market took its worst fall in 2013 so far last week, and this week may be another rough one for the bulls. Earnings reports from most companies last week, including General Electric, Bank of
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    • 1205 3  -  Shanmugam seeks to deepen bilateral ties during his recent visit to Brazil By MICHELLE QUAH [SINGAPORE] Singapore and Brazil may not often be seen as natural trading and investment partners because of the distance and cultural differences that separate them,
      PHOTO: MFA  -  1,205 words
  • Page 2 Advertisements
    • 293 2 I crown myself with a quality education. It*s my choice. s-fj Success means the world to us, but it does not come about overnight. It is the culmination of sound decisions and equally offbeat ones. In partnership with prestigious triple-crown accredited universities that has produced many well-known graduates, it’s an
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    • 7 2 The best pure-play private bank in Asia.
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  • Page 3 Advertisements
    • 192 3 Engineered to be practical. Designed to be radical Introducing the new CIS Shooting Brake. The art of reinvention. Star Lease offers $0 downpayment Longest leasing tenure of 84 months Free sign-up bonus of $18,888 Limited units only The new CLS Shooting Brake is a triumph of design and innovation. By
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  • COMPANY NEWS
    • 360 4 COMPANY MEETING PLACE DATE TIME 8Telecom Int'l A Gallery Hotel 1 Nanson Rd Kenzo Room Level 2 22-Apr 10.00am ASJ Holdings A 514 Chai Chee Lane #05-05/06 Bedok Industrial Estate 22-Apr 9.30am Blumont Grp A Grand Copthorne Waterfront Hotel 22-Apr 10.00am E Level 2 Veranda 3 392 Havelock
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    • 282 4 Apr 19 Lloyds TSB Bank Plc 6.25 .6.25 Mega Inter'l Commercial Bank ..5.25 Mitsubishi UFJ Trust Banking Mizuho Corporate Bank Ltd 6.00 Natixis Mitsubishi UFJ Trust Banking Norinchukin Bank, The 6.00 Nordea Bank Finland PLC 6.00 OCBC Bank Mizuho Corporate Bank Ltd Philippine Nat Bank 6.75 PT
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    • 1131 4  -  So far results of four companies negate higher profits made by 10 others By FELDA CHAY Statistics so far point to lower average first-quarter earnings among the listed companies here; of the first 14 that have
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    • 364 4  -  By FELDA CHAY ELEKTROMOTIVE Group has resolved its dispute with the final vendor involved in the reverse takeover deal that saw the failed share transfer of 80 million shares of the mainboard-listed firm. The group said in a statement yesterday that it
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    • 2534 4 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Int'l bn 0.114 24-Apr 26-Apr 10-May 05-Apr ABR Hldgs ak 1.000 06-May 08-May 28-May 15-Apr Action Asia ak 0.700 10-May 14-May 28-May 04-Mar Advanced Hldgs ak 0.300 03-May 07-May 22-May 11-Apr Advanced Int Mfg ak 0.160 06-May
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    • 18 4 Branchen Stars R1C-A 15/04/2013 179,95 EUR 1 db X-MACRO Trading Index Fund I4D 11/04/2013 90,78 GBP
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    • 1849 5  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited SHARE transactions by company directors plunged last week with only 24 transactions worth $9.7 million based on filings on the Exchange from April 15 to 19. The figures were sharply down from the
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  • Page 4 Advertisements
    • 119 4 SEMICON Singapore20l3 7-9 May,2013 Marina Bay Sands Expo www.semiconsingapore.org s s B D.o ri in rri i ssfSput h'east Asialsl [largest! l^ai^fur i I Come meet over 100 exhibitors and learn from the prestigious industry speakers at 40 hours of technology and business programmes! Here are some of our luminary
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    • 92 4 ALMATY Beijing Seoul Bangkok\ Kuala Lumpur* Hong Kong Ho Chi Minh Beijing Almaty Hh- 5 times a week Bangkok Almaty 7 times a week Kuala Lumpur Almaty 3 times a week Ho Chi Minh Almaty 2 times a week Fly to Alrrtaty and beyond Seoul Almaty Hong Kong Almaty 2
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  • Page 5 Advertisements
    • 473 5 ASIA SQUARE Imagine a building that empowers your company's success by providing a sustainably designed environment; an office where your staff will Work, Play, Live, and Crow in one dynamic ecosystem; and a location with easy access to facilities in Singapore's New Downtown. This is the model for sustainable developments
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  • SINGAPORE MARKETS
    • 692 6  -  STOCKS R SIVANITHY Senior Correspondent THE wall of money that central banks have been throwing at markets these past few years has managed to keep equities on an even keel for some time now, enabling investors to ride out doubts created by the occasional weak
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    • 558 6 COMMODITIES AFP [LONDON] Gold prices tumbled to a two-year low and crude oil slumped to a nine-month trough last week, as commodity markets were rocked by weak-er-than-expected first-quar-ter economic growth in key consumer China. Investors were spooked after China released data on Monday showing
      AFP  -  558 words
    • 1363 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 1.67 2.00 3 9.57 17.72 1.78 1.70 Amtek Engineering Ltd 3.25 3.25 4 0.05 8.17 0.61 0.52 ARA Asset Management Limited 2.57
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    • 4 6 WEEKLY
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    • 74 6 Apr 19 VALUE CLOSE BT OB/OS -195.00 +301.00 BT CADI -*****.00 +102.00 BT 10-day MA -*****.00 -19.00 FTSE ST Mid Cap 837.71 +6.65 FTSE ST Small Cap 583.47 +4.44 FTSE ST All Share 816.34 +1.08 FTSE ST China Top 217.71 +1.51 FTSE ST China 246.91 +0.51 FTSE
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    • 53 6 VOLUME SingHaiyi 1,214,299,000 Cedar 585,308,000 IPCO Intl 566,827,000 Innopac 399,298,000 Contel 395,616,000 SunlightGrp 354,725,000 Golden Agri 327,649,000 WE Hldgs 318,496,000 YHM 308,180,000 Infinio 262,439,000 VALUE($) SingTel 481,319,627 DBS Grp 455,861,871 SPH 376,293,426 Keppel Corp 278,500,070 UOB 219,071,749 Ascendasreit 207,997,121 GLP 205,825,864 CapitaLand 182,700,161 OCBC Bk 182,348,530 Golden
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    • 551 6 CURRENCIES Bloomberg [TAIPEI] Asian currencies had their best week in seven months as Japan’s monetary easing spurred inflows into the region’s assets, and China’s central bank said it would widen the yuan’s trading band. The Chinese currency rallied the
      Bloomberg  -  551 words
    • 115 6 BY CENTS CLOSE UP SPDR DJIA 10US$ *****4844.5 36.1 DBXT Nifty 10US$ ***** 676.9 5.3 JSH 3960 148.2 3.1 DBXT E50 10US$ 4130 124.8 2.5 DBXT S&P Short 10US$ 3194 100.1 2.6 Hyflux 6% CPS 10 ***** 100.0 0.9 DBXT MSMSIA 10US$ 1474 97.6 5.7 Lyxor MS India 10US$
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    • 133 6 BY CENTS CLOSE DOWN GLD 10US$ *****-1684.0 -9.1 DBXT DBLCI-OY 5US$ 3503 -305.1 -6.6 DBXT MSKorea 10US$ 5490 -207.5 -3.0 DBXT FTVietnam 10US$ 2361 -184.0 -5.9 SPDRS S&P 500 10US$ ***** -72.9 -0.4 IS S&P500 ***** -63.0 -0.3 DBXT FTChina25 10US$ 2700 -50.6 -1.5 DBS.ES.1304 1552 -45.0 -2.8 DBXT
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    • 5 6 WEEKLY
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  • SINGAPORE NEWS
    • 592 7  -  They want to feel important, see world, serve society By CHUANG PECK MING EVEN the best employers who score high on employee engagement struggle to connect with their staff the Generation Y employees, the Millennial Generation born from the late 1970s
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    • 521 7  -  By SARA YAP BOHEMIAN Rhapsody and jazz? It may sound like an odd combination, considering how the Queen classic usually brings to mind lead singer Freddie Mercury’s theatrical vocals accompanied by operatic harmonies and fast-paced guitar solos. But that is exactly what local pianist Benjamin
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    • 452 7  -  They will review progress of bilateral economic working groups By LEE U-WEN INDONESIAN President Susilo Bambang Yudhoyono arrives in Singapore today for a two-day retreat with Prime Minister Lee Hsien Loong. The last time the two leaders met was 13 months ago
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  • Page 7 Advertisements
    • 29 7 35 YEARS AGO NEC PREDICTED THAT COMPUTERS AND COMMUNICATIONS BELONGED TOGETHER. Credit Suisse has been facilitating mergers ever since. The NEC/Lenovo merger story continues at credit-suisse.com/nec Credit Suisse z
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    • 18 7 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements WATS NOTICES CLA/FEB11/g
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    • 32 7 Stocks simple profit Track bankers,follow trend HomilySoftware for Phon tseee-H-S&IO Free Now scan QR 01 search 'Homily 7 in store Key URL in Chrome or Safari Shortcut URL: http://ezkey.in y *****752 www.apitaImaster.com.sg
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  • VIEWS FROM THE TOP
    • 4030 8 THIS WEEK’S TOPIC Given the recent economic and other developments on the local and global fronts, what is your current forecast for the Singapore economy in 2013 and beyond? Do companies need to revise their business practices in the light of the new information, and if so, how?
      PHOTO: BLOOMBERG  -  4,030 words

  • Page 9 Advertisements
    • 121 9 TRADE GLOBAL SHARE CFDs WITH DIRECT MARKET ACCESS SINGAPORE, US, HK, JAPAN, UK, EUROPE, AUSTRALIA Go long or short on thousands of global stocks, including Singapore share CFDs at 0.1% commission, and trade directly into the order books of major equity exchanges. Plus, limit your risk with guaranteed stops. CFD
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    • 11 9 For the complete list of views from CEOs, go to http://businesstimes.com.sg
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1559 10  -  Investors need to understand the opportunities and threats present in the industry that a company is in, says CAI HAOXIANG CAI HAOXIANG LAST week, we introduced some basic financial ratios to help an investor evaluate an individual company’s stock through its financial statements. Today, we
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    • 1114 10  -  Chan Shan Shan quit the corporate world to be a wedding planner and mould her life the way she wants, reports LIM JIA YING STARTING YOUNG reportsLIM reportsLIM JIA YING CHAN Shan Shan founded Love:Knots Weddings in 2010, and has single-hand-edly steered the wedding planning
      PHOTO: ARTHUR LEE  -  1,114 words
  • Page 10 Advertisements
    • 113 10 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • MALAYSIA/INDONESIA
    • 612 11 US dollar notes yield 2.7% return this month after Q1 loss of 3.1% Bloomberg [JAKARTA] Indonesian global bonds, South-east Asia’s worst performers this year, are leading regional gains in April as falling oil costs ease the nation’s budget deficit. The country’s US
      Bloomberg  -  612 words
    • 257 11 [KUALA LUMPUR] The Malaysian economy is in a fairly good shape, considering the adverse external circumstances, according to a senior fellow at the Malaysian Institute of Economic Research. At 5 per cent, the growth outlook for Malaysia this year is still credible, said Mohamed
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    • 1464 11 VOL Apr 19 RM +/-(‘000) Abric Bhd Advance Synerg 0.14 unch 98 Adventa Bhd 0.39 -0.01 55 Ae Multi Hldgs 0.22 unch 148 Affin Holdings 3.59 -0.01 1443 Ahmad Zaki Res 0.25 Airasia Bhd 0 Alliance Finan 4.40 -0.01 308 Aluminium Co unch Amalgamated In 0.32 unch 171
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  • Page 11 Advertisements
    • 103 11 Security in Mastering data. Securing the world. Discover new info security technologies earn how to revolutionize your company's info security strategies at any of the 50 sessions spanning the following 5 tracks: Cybercrime and Law Enforcement Mobile Security Security Infrastructure Cloud Security Data and Application Security Connect with industry leaders
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    • 159 11 MANDATORY ENERGY MANAGEMENT REQUIREMENTS under the Energy Conserva~on Act Effec~ve from 22 April 2013 Who are affected? Corpora~ons with opera~onal control over a business ac~vity which has a~ained the energy use threshold of The business ac~vity is carried out at a single site and is a~ributable to one of the
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  • GREATER CHINA/INDIA
    • 792 12 China’s Q1 growth of 7.7% is within reasonable range, says PBOC chief Bloomberg [WASHINGTON] China’s slower expansion in the first quarter is “normal” as the world’s second-largest economy sacrifices growth to make structural reforms, People’s Bank of China governor Zhou Xiaochuan said. While a
      Bloomberg; PHOTO: BLOOMBERG  -  792 words
    • 280 12 AFP [SHANGHAI] Chinese buyers swarmed around hundreds of vehicles at the Shanghai auto show at its opening yesterday, highlighting the importance of the world’s largest car market to manufacturers. Chinese and foreign automakers used models dressed as Playboy bunnies and dance performances to
      AFP  -  280 words
    • 587 12 Bloomberg [NEW DELHI] India’s finance minister said a further cut in interest rates by the central bank would help revive economic expansion, and flagged the possibility of bettering his target for the budget deficit. “Government would welcome lower interest rates,” Palaniappan Chidambaram,
      Bloomberg; PHOTO: REUTERS  -  587 words
    • 442 12 Over 200 dead, missing; rescue efforts hit by traffic clogging roads into the disaster zone AFP [LUSHAN, Sichuan] Thousands of rescue workers combed through flattened villages in south-west China yesterday in a race to find survivors from a powerful earthquake as the toll
      AFP  -  442 words
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  • ECONOMY WATCH
    • 742 13 Rental returns for exclusive retail property in Europe hit low levels Reuters [LONDON] Insatiable demand among the global su-per-rich for swanky retail property in Europe has driven rental returns on the best shopping streets so low that they are not much higher
      Reuters; PHOTO: REUTERS  -  742 words
    • 456 13 But Scottish minister says it is as much country’s currency AFP [LONDON] British finance minister George Osborne cast doubt yesterday on whether Scotland could keep the pound as its currency if voters opt for independence in a referendum next year. The Chancellor of
      AFP  -  456 words
  • Page 13 Advertisements
    • 116 13 Confidence to invest That’s what commercial lenders can achieve when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world partner with us to manage virtually every kind
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  • WORLD
    • 1512 14 It’s expected to be positive for world economy as falling inflation supports spending Reuters [LONDON] Lower air fares, cheaper food and rising profit margins are among the benefits that should flow from tumbling oil and commodity prices but only after a long lead time.
      Reuters; PHOTO: REUTERS  -  1,512 words
    • 879 15  -  Post-jolt, earnings performance could be more significant than monetary ease By in NEIL BEHRMANN in London A LONG-AWAITED minor correction of global stock markets is an amber warning that earnings performance could be more significant than central bank monetary ease in the coming
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    • 415 15 Bloomberg [LONDON] The UK began a legal challenge to a European Union (EU) plan to tax financial transactions that would apply to trades worldwide, Chancellor of the Exchequer George Osborne said. The action at the European Court of Justice in Luxembourg
      Bloomberg  -  415 words
    • 756 15 AFP Reuters [MANAMA] Formula One (F1) world champion Sebastian Vettel won the Bahrain Grand Prix for Red Bull without incident yesterday as scores of police cars and a couple of armoured vehicles stood along the highway from the capital Manama to the race circuit.
      AFP; Reuters; PHOTO: AP  -  756 words
    • 163 15 Reuters [WASHINGTON] US Federal Reserve chairman Ben Bernanke will miss the annual Jackson Hole monetary policy symposium this year due to a scheduling conflict, skipping the prestigious event for the first time since taking the helm of the central bank in 2006. The conference,
      Reuters  -  163 words
    • 821 16 Belt-tightening vs expansionary arguments continue at IMF-WB meetings Bloomberg [WASHINGTON] European officials sought to convince policy makers from the rest of the world that they’re not cutting budgets at the expence of stronger growth. As the US and others prodded the 27-nation
      Bloomberg; PHOTO: AFP  -  821 words
    • 606 16 Bloomberg [BRUSSELS] Global regulators called for nations to overhaul rules for interbank lending rates and other so-called market benchmarks as a matter of urgency as authorities seek to repair the damage wrought to market confidence by rate-fixing scandals. The Financial Stability Board (FSB) said
      Bloomberg  -  606 words
    • 1297 16 They must preserve financial stability, engineer recovery Reu ters [TOKYO] It is your first day as the new US Federal Reserve chief: the main interest rate is 4.5 per cent, the economy is overheating and the task is to keep inflation and
      Reuters; PHOTO: REUTERS  -  1,297 words
    • 261 16 Bloomberg [BEIJING] Blackstone Group LP chairman Stephen Schwarzman has agreed to give US$100 million for a programme that will fund the studies of graduate students in China similar to the Rhodes Scholarships programme. An additional US$200 million of donations is also being sought for
      Bloomberg  -  261 words
    • 636 17 More than a third of the world’s extreme poor still live in sub-Saharan Africa AFP [JOHANNESBURG] Fastpaced African countries may have growth rates that are the envy of developed economies, but the continent’s boom has failed in recent years to significantly dent poverty levels,
      AFP; PHOTO: REUTERS  -  636 words
    • 376 17 AFP [WASHINGTON] The head of Austria’s central bank warned that debate about the country’s banking secrecy risks hurting the reputation of its financial system. “Austria is certainly not a tax haven,” Ewald Nowotny told reporters at the World Bank and International Monetary Fund annual
      AFP  -  376 words
    • 804 18 Economists disappointed by central bank’s indications that it would proceed cautiously with more raises Reuters [BRASILIA] Economists have for months clamoured for Brazilian policymakers to raise interest rates from a record low to curb soaring prices. They got their wish last week, but
      Reuters  -  804 words
    • 495 19 A$7.5 billion in lost revenue since the October budget review Bloomb erg [MELBOURNE] Australia has lost A$7.5 billion (S$9.5 billion) in revenue since the October mid-year budget review due to its strong currency and lower terms of trade, pushing the nation further into
      Bloomberg; PHOTO: BLOOMBERG  -  495 words
    • 416 19 AFP [LONDON] Russian billionaire Alisher Usmanov has topped an annual “rich list” compiled by Britain’s The Sunday Times newspaper, with a fortune of £13.3 billion (S$25 billion). The 59-year-old tycoon, who started out manufacturing plastic bags, now owns Russia’s biggest iron ore producer
      AFP  -  416 words
    • 284 19 Bloomberg [BERLIN] Switzerland would be ready to discuss an automatic exchange of tax information with other countries if certain transparency conditions are met, Finance Minister Eveline Widmer-Schlumpf told reporters. Switzerland favours withholding-tax arrangements for non-resident bank-account holders, rather than the European Union’s preferred automatic
      Bloomberg  -  284 words
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  • Page 15 Advertisements
    • 320 15 >«t BgATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF J HOLDING PTE LTD (Co. Reg. No. *****8778N) (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the
      320 words
    • 419 15 IN THE MATTER OF THE COMPANIES ACT, Cap. 50 AND IN THE MATTER OF HEALTHWHO.COM PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No.: *****7584H) (“Company”) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act (Cap. 50), the Final Meeting of the
      419 words
    • 416 15 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF PAN-SINO ENTERPRISES PTE LTD (In Members’Voluntary Liquidation) (Co. Reg No. *****0814R) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the member of the abovenamed Company duly convened and held pursuant to Section 179(6) of the
      416 words
    • 341 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 CIAS ENTERPRISES PTE. LTD. (REGISTERED IN SINGAPORE) (CO. REG. NO: *****4177H) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 15 April 2013, the following resolutions were duly passed: 1. SPECIAL RESOLUTION -WINDING-UP That
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  • Page 17 Advertisements
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  • Page 18 Advertisements
    • 86 18 m/ Bl 85 i] ?tfcS B 5 A I H I [_L_I 57 n \w «l VL i a S£n )JE Time stands still at that rare moment of awakening, when true beauty is revealed in a new light. i D a a I A A A unique blend of
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  • Page 19 Advertisements
    • 168 19 A m u Jr V, \s» /Oj\ Ini/.Z/ <£ ata/ CROSS 0 Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media Awards 2012 "I 1 Your ideal candidate, now one package deal away. Privileges you'll enjoy: Most reliable localised jobseekers database comprising Singaporeans and PRs Advanced matching technology
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  • COUNTRY PROFILE: KAZAKHSTAN
    • 574 20  -  Message of His Excellency 20th ANNIVERSARY OF DIPLOMATIC RELATIONS BETWEEN KAZAKHSTAN AND SINGAPORE YERLAN BAUDARBEK-KOZHATAYEV Kazakhstan’s Ambassador to Singapore: IT is a great pleasure for me to address the esteemed readers of The Business Times on the occasion of an important landmark both for Kazakhstan and
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    • 642 20  -  Message of SIM CHEOK LIM Singapore’s Ambassador to Kazakhstan: THIS year marks the 20th Anniversary of the establishment of diplomatic relations between Kazakhstan and Singapore. As Singapore’s first Ambassador to Kazakhstan, it has been personally rewarding to witness the journey of friendship and cooperation
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    • 678 20  -  By VINCENT WEE KAZAKHSTAN’S visionary policies and groundbreaking stance towards nuclear weapons have brought it progress and development in just over 20 years since its independence. Making the decision to give up its nuclear weapons programme and work towards peaceful uses for
      FILE PHOTO  -  678 words
    • 642 21 KAZAKHSTAN is doing its best to maintain peace, especially in the volatile Central Asian region, leveraging on its history of nuclear disarmament and groundbreaking steps towards the use of nuclear energy for peaceful purposes. Most recently, it hosted talks between Iran and six world powers
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    • 528 21 APART from working with international dialogue partners to reduce the threat of nuclear arms, Kazakhstan has launched a bold initiative that reaches down to a more personal level to highlight the effects of nuclear weapons testing. The ATOM Project is an international campaign that
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    • 838 21  -  A record number of delegates is expected to take part in the Astana Economic Forum next month. Reports by vincent wee Reports by VINCENT WEE THE Astana Economic Forum (AEF) has become established as a key forum for the exchange of ideas among global
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  • Page 20 Advertisements
    • 280 20 Sixth Astana Economic Forum World Anti-Crisis Conference with support of U.N. May 22-24, 2013 www.astanaforum.org Social Development 354bJ***** OOOOOt *****01 *****' 5554' \D***** ,o0001B*****10l *************** ***************C U**********4000a ***************06. ***************000 ***************000 ***************''' '**********100 ,**********00 **********000 **********5401 **********0010> *************** ***************1 ■**********5400" **********010 **********100C **********0000 **********4001 *****0C *****01 *****5 *****C *****6' *****1 *****C
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  • SHIPPING/AVIATION
    • 480 22  -  Route between Davao and Bitung, North Sulawesi, will start by mid-year By ALEC ALMAZAN in Manila THE first Philippine RoRo (roll on-roll off) service to the Asean (Association of South-east Asian Nations) will begin by the middle of this year with the launch of
      480 words
    • 411 22 Reuters [WASHINGTON] The top US airline industry group on Friday took legal action to prevent the Federal Aviation Administration from furloughing air traffic controllers, a move that could cause delays of over three hours at major airports. The FAA plan for meeting congressionally mandated
      Reuters; PHOTO: AFP  -  411 words
    • 652 22 Limited foreign interest seen in 7b euro project Reuters [ANKARA] A tender to build Istanbul’s third airport, which Turkey says could eventually be the world’s largest, is expected to attract up to four bids, with limited foreign interest in the seven
      Reuters  -  652 words
    • 240 22 SGX '000 Apr 19 S$ +/-Vol CH Offshore 0.47 -0.01 33 Chuan Hup Hldg 0.27 unch 90 Cosco Corp 0.90 0.01 916 s$ Ezra Hldgs 1.01 0.02 6446 First Ship Lea Freight Links Grand Banks.............unch unch 0 Jaya Hold Ltd 0.64 -0.02 208 K1Ventures 0.16 unch 2903 Keppel
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    • 278 22 AFP [BRUSSELS] The ship-breaking industry, which critics say harms the environment and exploits low-paid workers in developing countries, faces tougher controls if plans approved by European lawmakers come into force. The European Parliament agreed on Thursday that all European Union-registered ships must go to EU-approved
      AFP  -  278 words
  • Page 22 Advertisements
  • Page 22 Miscellaneous
    • 300 22 CRYPTIC CROSSWORD Across 1 Fungus evident in bay round lake (6) 4 Letter from Greece about introduction of this brand (6) 8 Abroad, father’s carrying note no longer current (8) 10 CND marcher, for example, and what one carried? (6) 11 Not as much on, having left seminar (4) 12
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  • DINING OUT
    • 819 23  -  By Jaime Ee RESTAURANT REVAMP Rang Mahal Level 3 Pan Pacific Singapore 7 Raffles Boulevard Tel: 6333 1788 Open for lunch and dinner daily WITH the urban gourmand fed a daily dose of modern European or Japa-nese-inspired, bistro-sized, independent or celebrity-driven cuisine, what's an
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  • Page 23 Advertisements
    • 64 23 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HDTFM.SG I FACEBGOK.COM/HGTFMSG HOTFMSG BT Wine, Dine Hospitality Page save more than for10x4colfull-colourad For advertisement bookings and sales enquiries, please contact: Lawrence Chang 9229 4919 Alisa Tan 9154 8381 Ellen Lee
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    • 70 23 Creating Experience. Value. Partnerships We bring Inspiration, Innovation, Value to your business! Myanmar© We help you make a mark in the Myammar sector: Hospitality&Tourism Urban Development Banking Finance Logistics Supply Chain Leverage on our 2013 conferences today. Organised by: sphere SINGAPORE PRESS HOLDINGS Find out more about the events on
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    • 177 23 HOME LOAN COMPARISON CALCULATOR Use our Home Loan Wizard to compare the latest home loan rates and packages across all banks in Singapore! www.stproperty.sg/property-tool a At STProperty.sg, your ideal property isn’t hard to find. Awarded Best in Mobile Media (Gold) at Asian Digital Media Awards 2012 Download Our Apps: Available
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  • Page 24 Advertisements
    • 134 24 Why Subscribe t0 SPH Directly? Stay Connected Enjoy your news on PRINT, ONLINE, SMARTPHONES, or iPad when you subscribe direct. Same Service No loss of income for your vendor, your same vendor will continue to serve you. Worry-Free Tracking of bills is secure and efficient No Surprises No untimely visits
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  • BEST EMPLOYERS 2013
    • 559 25  -  This year’s winners are brand names led by effective leaders who nurture a high-performance culture, reportsCHUANG CHUANG PECK MING ACOMMON thread runs through this year’s winners of the Aon Hewitt Best Employers award: They are the top scorers in high employee engagement, they have compelling
      559 words
    • 666 26  -  Officers of the Singapore Prison Service have to engage inmates in order to rehabilitate them. Reports byCHUANG CHUANG PECK MING MODERN people management tools such as engagement and welfarism seem too soft and unsuitable for a tough environment such as a prison. This may appear
      666 words
    • 293 26 STAFF at The Ritz-Carlton, Millenia Singapore are addressed as “Ladies and Gentlemen”. This sounds stiff and formal but the hotel’s staff do have fun in their workplace, despite their seriousness at work. On top of this, they have Fun Fridays, deliberately designed to
      293 words
    • 301 26 A healthy workforce a more productive one YOU may expect a hospital to pay extra attention to the health of its staff to impress its patients. But that is not the way Tan Tock Seng Hospital sees it. “A healthier and happier workforce is more productive and enhances our competitiveness
      301 words
    • 227 26 AMERICAN Express is not paying lip service when it says it gives top priority to helping employees balance their work and personal life. The global payments, network and travel company has in place a number of strategies and initiatives to back its words. And
      227 words
    • 330 26 HOLIDAY Inn Singapore Atrium may often run out of rooms for guests but it will always have extra rooms for staff to give their best and make a difference. Everyone of the 262 employees in this hotel, located at the crossroads
      330 words
    • 282 26 STAFF at Microsoft Singapore, including bosses, don’t have their own work stations. They can sit anywhere they feel will help them work best. And they are free to move to another space whenever they want. This informal and flexible arrangement in the office,
      282 words
    • 368 27 STAFF at Royal Plaza on Scotts are treated by their managers like the hotel’s guests. And they are not called employees, but “associates”. “Our associates are our internal guests and we treat them like we would hotel guests,” Royal Plaza on Scotts’ general
      368 words
    • 296 27 “FEEDBACK” is a word you hear repeated often when firm Bain Company talks about management in the company. And the company has put in place feedback channels to uphold its apprenticeship culture. It runs a “comprehensive upward feedback review system” for staff to tell
      296 words
    • 404 27  -  Hilti Far East has won the Best Employers award three times in a row. Reports byCHUANG PECK MING Reports byCHUANG byCHUANG PECK MING COMPANIES usually cut the training budget and downsize their human resource department at the first sign of a business slowdown. But not
      404 words
  • Page 25 Advertisements
    • 72 25 if! BEST OF THE BEST EMPLOYER SINGAPORE 2013 i S&mn aflisiLWaaa a A CELEBRATION OF THE LADIES AND GENTLEMEN BEHIND OUR LEGENDARY SERVICE. Genuine passion and dedication to excellence distinguish our ladies and gentlemen of The Ritz-Carlton, Millenia Singapore. From the artistry of bespoke experiences to the magic of a
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  • Page 27 Advertisements
    • 57 27 P w* BECAU3&Y(9l> made it possible •stay DEDICATED Thank you for your dedication and commitment. At Holiday Inn Singapore Atrium we've been named as Aon Hewitt Best Employers in Singapore 2013 and that makes us one of the world's best places to work! Holiday Inn Singapore Atrium 317 Outram Road
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  • Page 28 Advertisements
    • 106 28 UNSU n ROYAL PLAZA O N S C OTTS S I N GAPO R E Aon Hewitt Best Employers 2.0 Singapore 2013 Winner, Best Employer 2013. At Royal Plaza on Scotts, we strive to be the best at everything we do. And it all starts with taking very good care
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  • Page 29 Advertisements
    • 1191 29 Where potential meets opportunity l 5 2 112. 1 1 as i a To be a winner of the Aon Hewitt Best Employers for an unbroken third time is something that Hilti Far East, which is a supplier of innovative products and services to the Singapore construction industry, is very
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  • Page 30 Advertisements
    • 668 30 www.americanexpress.com/sg Be more at American Express Engaged Employees go above and beyond to deliver extraordinary service American Express aspires to be the world’s most respected service brand. To achieve this vision, all employees of the company focus on putting customers first and continuing the company’s tradition as a customer-centric organisation.
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  • Page 31 Advertisements
    • 2442 31 Lis SINGAPORE PRISON SERVICE AN EMPLOYER OF CHOICE Tucked away in a quiet stretch of road along Upper Changi Road North, the Singapore Prison Service (SPS) Headquarters and prisons may seem like a long way from home for some but it is here where ordinary beings from all walks of
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  • SINGAPORE STOCKS
    • 3688 32 Week ended: Apr 19 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 98 59 ABR Hldgs 75cd +4 129 75 71 71 74.5 1.2 41.3 1.9 150.7 Vol 11 7
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    • 283 33 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.8 unch 2976 1.9 1.7 1.7 1.8 28.6 Week Last Quote Div Gr Yld Net M Cap High
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    • 116 33 Stock name Close Change CapMallsAsia 1.980 CapitaLand 3.510 +0.060 CapitaMall 2.260 -0.020 CityDev 11.250 +0.270 ComfortDelGro 1.925 DBS Grp 15.690 +0.040 GLP 2.760 -0.010 Genting SP 1.395 -0.010 Golden Agri 0.525 HK Land 7.440 -0.130 Stock name Close Change HPH Trust US$ 0.810 -0.010 JMH 65.000
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    • 2071 33 Transaction date: Apr 19 HONG KONG Vol HK$ +/-'000 Aeon Credit 8.60 unch 0 Aeon Stores '000 Angang Steel 4.82 0.25 ***** Anhui Conch Anhuiexpresswa 4.06 0.04 454 Asia Satellite 29.70 unch 10 Asm Pacific -0.10 Bank Of E Asia 30.15 0.70 2859 Beida Jade Bir 0.29 unch
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    • 276 33 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A37 unch 43 38 35 37 39 3.6 9.5 3 96.3 46.5 30 Genting HK US$ US44.5 +0.5 ***** 44.5 42.5 44 44.5 2930.1
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    • 186 33 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 3 0 0 0 5 9 3 Manufacturing 57 91 44 15 18 8 72 109 52 Commerce 24 37 18 10 5 4 34 42 22 Tpt/Stor/Comms 18 22 5
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    • 1057 33 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 119 -0.1 28 119.9 118.5 119 120 543.2 136.8 120.4 CIMB APAC Div 100S$D 135 -1.1 7 135 135 135.2
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    • 123 33 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 159,498 159,498 463,285 463,285 Manufacturing 2,084,605 1,646,914 3,731,519 1,221,889 85,864 1,307,753 Commerce 763,514 520,547 1,284,061 405,878 52,599 458,477 Tpt/Stor/Comms 595,446 70,956 666,402 1,011,069 26,734 1,037,803 Finance 510,340 1,052 511,392 1,049,635 464 1,050,099 Construction 1,036,348 312,683
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  • Page 33 Advertisements
    • 26 33 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. The Business Times
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  • FINANCE & COMMODITIES
    • 643 34 Apr 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.43 *****.75 *****.89 Jun13 *****.00 *****.00 *****.00 *****.00 *****3 *****7 Sep13 *****.00 *****.00 *****.00 *****.00 104 4085 MSCI TAIWAN INDEX FUTURES SPOT 282.90 285.85 282.86 Apr13 278.90 287.10 278.90 286.90 ***** *****3 May13 279.30
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    • 373 34 In local curr In S$ In US$ dy yr dy yr dy yr Apr 19 Index Change Change Change Change Change Change World Preliminary 1017.7 0.7 8.5 0.6 7.5 0.5 6.2 EAFE Preliminary 845.9 0.5 9.2 0.3 5.5 0.2 4.2 Europe Preliminary 1189.9 0.6 3.7
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    • 472 34 Apr 19 Apr A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.060 6.397 0.792 8.038 55.784 100.558 1.027 11.555 3.143 1.223 101.832 42.522 1.279 9.471 0.964 30.846 29.689 0.675 1.035 Canada 0.944
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    • 66 34 Apr 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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • 141 34 Apr 19 GOLD(US$/oz) Apr 18 Apr 19 Hong Kong 1395.00 1427.00 Apr 19 Apr 18 London 1403.05 1396.11 1404.05 1396.88 Source: Thomson Reuters CAST BAR Apr 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 125 55 5gm 354 276 10gm 632 552
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    • 90 34 Apr 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 11-Jul-13 0.24 6-Month BS*****W 18-Oct-13 0.26 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.11 5-Year N*****0T 2.375 01-Apr-17 100.06
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    • 59 34 Apr 19 Apr 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2300.0 2283.0 2300.0 2270.0 154 3409 Jun 13 2304.0 2294.0 2317.0 2281.0 3481 ***** Jul 13 2306.0 2296.0 2321.0 2283.0 ***** ***** Aug 13
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    • 156 34 Apr 19 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2787 1.2792 1.0352 1.0355 Canadian dollar 1.2064 1.2071 0.9771 0.9767 Euro 1.6151 1.6155 1.3076 1.3078 NZ dollar 1.0456 1.0463 0.8465 0.8470 Sterling pound 1.8945 1.8951 1.5338
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    • 109 34 Apr 19 Apr SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1428.25 1430.50 1441.00 1422.00 Jul 13 1382.50 1390.00 1400.50 1380.00 Aug 13 1328.50 1339.00 1346.00 1326.25 Sep 13 1258.25 1268.25 1274.00 1256.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May
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    • 96 34 Apr 19 Apr COCOA(£/tonne) Close Prev High Low May 13 1558 1546 1560 1546 Jul 13 1555 1543 1558 1543 Sep 13 1559 1546 1562 1546 Dec 13 1559 1548 1562 1547 COFFEE(US$/tonne) Close Prev High Low May 13 2056 2043 2067 2030 Jul 13 2091 2084 2101 2067
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    • 1051 34 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left (’000) Conv Ratio Asiatravel.com HoldingsW*****7 1 1 25 15 Asiatravel.com HoldingsW*****5 1.3 1 27 39 Prem Best World Intl Ltd W*****5 0.4 -1.6 40 1 30 35 56.25 3 GearBiosensors MB
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    • 70 34 CRUDE OIL PRODUCTS Apr 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 98.92 0.75 WTI (Near Mth) 88.35 1.50 Dubai (1-Mth F) 97.07 -0.15 Tapis blend 103.79 -0.14 Minas 97.89 -0.14 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 89.83 -0.73 Jet Kerosene 110.33 -1.67 US$/barrel OpecOil Basket
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    • 25 34 Apr 19 S$ S$ Bid Offer 1-month 1.2352 1.2353 2-months 1.2351 1.2353 3-months 1.2351 1.2354 6-months 1.2348 1.2356 Source: OCBC Source: OCBC
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    • 67 34 Apr 19 Apr 19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1859.75 1884.75 3 months 1887.00 1911.50 Copper, Grade A(US$/tonne) Cash 6961.00 7061.00 3 months 6990.00 7088.00 Lead(US$/tonne) Cash 1998.25 1991.00 3 months 2020.00 2013.50 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • 127 34 As at 9am Apr 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.302 1.240 Can dollar 1.233 1.175 Euro 1.651 1.573 Sterling pound 1.925 1.851 NZ dollar 1.073 1.013 US dollar 1.261 1.201 Local dollars to 100 units of foreign
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    • 157 34 Apr 19 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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 0.60 0.40 9 months 0.75 0.55 12
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  • 2731 35 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 STXPO TBN Camden/New
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  • Page 35 Advertisements

  • Page 36 Advertisements
    • 147 36 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 1327 AnnounceVbur Developments 4W- f f 4 Come publicise your Corporate Developments,
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    • 0 36
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 1025 37  -  Asia-Pac companies score better than those in other regions in terms of quality of Big Data initiatives, writes AMIT ROY CHOUDHURY writes AMIT ROY CHOUDHURY THE toughest challenge for companies implementing Big Data initiatives is getting different business units to share information
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    • 827 37  -  After surge in its N America business, Marsh sees trend being repeated in Asia too By VICTORIA HO FOR the first time, technology-related outages have outpaced adverse weather or any other cause of disruption to a company’s day-to-day operations,
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    • 759 37  -  By AMANDA TAN, NG SAI YING WITH small and medi-um-sized businesses (SMBs) projected to take centre stage, Google is doing its best to enable their growth starting with a recently held international press conference celebrating the digital accomplishments of SMBs throughout Asia. The
      759 words
    • 378 37  -  By NG SAI YING TELSTRA Global, a division of Australia’s leading telecommunications and media services company Telstra Corporation, has opened a new office featuring an executive briefing centre in Singapore as part of an expansion drive costing over US$20 million. The new centre
      378 words
    • BizIT FOCUS: BIG DATA
      • 3062 38 BANKS today face a host of pressures. These include stricter regulation, the need to know their customers more intimately and to prevent silo-ed structures operating within the bank. Added to this is the fact that customers are increasingly accessing the bank online via different
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