The Business Times, 12 November 2007

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Total Pages: 32
1 32 The Business Times
  • 26 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial .com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 202/12/2006 Monday, November 12,2007
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  • 658 1  -  CONRAD TAN Perfect Field mulls listing on new SGX board; Rowsley has option to buy 5% stake, at 25% discount By [SINGAPORE] Rowsley Ltd, the investment firm controlled by well-known former remisier Peter Lim, has dropped plans for a $2.7 billion reverse
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  • MARKETS DIGEST
    • 55 1 Weekly Change 3,599.67 -115.65 ST Index KL COMP 1,402.25 +4.77 NIKKEI 225 15,583.42 -934.06 HANG SENG 28,783.41 -1684.93 SET INDEX 874.64 -19.70 JAKARTA COMP 2,707.67 -2.95 MANILA COMP 3,703.66 -55.31 SEOUL COMP 1,990.47 -28.87 SHENZHEN B 737.71 -46.46 MUMBAI IND 18,907.60-1068.63 DOW 13,042.74 -552.36 NASDAQ 2,627.94 -182.44 S&P 500
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    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.50 INDONESIA 15.483 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.75 CANADA 6.25 SWITZERLAND 4.08 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • 41 1 US$ 1.441 US$ (S$ per US$) (USS/SS per 2.109 3.040 EURO(US$/S$/E) 1.469 2.117 YEN 112.50 78.00 RM 3.322 2.305 HK$ 7.778 5.396 BAHT 33.93 23.54 RUPIAH 9,134 6,337 RENMINBI 7.412 5.142 INDIAN RUPEE 39.07 27.11 1.080 0.749 nz: 1.287 0.893
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  • 769 1  -  CONRAD RAJ Chairman to review splitting of company: sources By i [SINGAPORE] Fraser Neave, the local food and beverage giant, which is also in property and publishing, has temporarily ceased its search for a new chief executive officer following the departure
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 114 1 COMPANIES ECONOMY WATCH BizlT DINING OUT J^jjj^k A new engine of growth China raises banks' iL-JL^'lm High risk of data loss Reopening of li X for former Acma reserve ratios again ■tlEfiß from mobile devices Shang Palace SlkL \m COMPANIES ECONOMY WATCH P^pHj BizlT DINING OUT Vj|| A new engine
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  • TOP STORIES
    • 519 2  -  CONRAD TAN Rising cost of living for lower-income, elderly to be met in other ways By [SINGAPORE] The government is unlikely to impose controls on food or utility prices in response to rising inflation, but will continue to use other ways
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    • THREE-MINUTE DIGEST
      • 59 2 A BONUS of 2.32 months' salary may not look impressive, but that's likely to be the largest variable payout for Asian workers in 2008 and Singapore employees are the ones tipped to take home that big reward next year, according to
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      • 47 2 FULL Apex Holdings third-quarter net profit has risen 19.4 per cent to 46.9 million yuan (Ss9.l miUion). Revenue rose 1.3 per cent to 287.5 million yuan for the three months ended September. COMPANY NEWS, PAGE 6
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      • 50 2 PINE Agrltech has posted a sharp 40.4 per cent fall in net profit to 93 million yuan (SslB.l million) for the third quarter ended Sept 30, hit by higher soybean and finance costs and lower sales of its soybean-based products. COMPANY NFWC parf
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      • 63 2 MULTINATIONAL companies in the Asia-Pacific still see Singapore as the best place to base their regional headquarters but China is catching up fast, according to a survey. Of the 105 respondents, 57 ranked Singapore as among their top choices, mainly
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      • 50 2 CHINA'S central bank is lifting the proportion of deposits that commercial banks must keep in reserve to a record high. It announced a 0.5 percentage point rise in banks' reserve ratios last Saturday, taking effect on Nov 26. ECONOMY WATCH, PAGE 19
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      • 72 2 CHINA'S stock bull is not dead, but it will be a changed animal after the markefs biggest weekly fall for a decade shares are likely to resume a long-term uptrend early next year, but they will not climb as fast as they
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      • 60 2 A REFUSAL to comment on sub-prime writedowns indicates that there is no truth to speculation about losses that wiped 29 per cent off the bank's market value in the past month, Barclays chief executive officer John Varley said last Friday. "That silence says a
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      • 59 2 AS oil prices soared over the last few months natu ral gas prices in the US did something that could help to cushion the economic shock: they fell, The main reason for the divergence is that the former is part of a global
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    • 624 5  -  CHUANG PECK MING Poll projects 2.32 mths' salary in 2008; bosses also seen hiking pay by 5.1% By [SINGAPORE] A bonus of 2.32 months' salary may not look impressive, but that's likely to be the largest variable payout for Asian workers
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  • Page 2 Advertisements
    • 220 2 If you are facing any of the following: Slow network or Internet access in your office Concern over the confidentiality and integrity of your data Failure to send/receive emails from important contacts Loss of productivity as a result of virus or spam attacks Uncertainty on security when transacting over Internet
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    • 407 2 What would be a unique brand of service for Singapore and how can CEOs shape it? Head honchos give their take 4* HUH What is J-SOX? Public Seminar on The Financial Instruments and Exchange Law 2006 (the Law) v Achieving J-SOX Compliance Efficiently requires companies listed in Japan to: Implement
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    • 1 2 B^ssjh3Pl
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  • Page 3 Advertisements
    • 104 3 §0 Xk I ky Retail Bank of the Year-Singapore Vi I v 4 Standard Chartered Bank A/ I k tf \i. \i. >i. V Best Credit Card Initiative V V Best Advertising Campaign v Best Branch Initiative V v/ Platinum Access ,j/ I XtraSaver y I YivoCity Branch jy I
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  • Page 4 Advertisements
    • 191 4 ECONOMIC 9k- X^^ifcim DEVELOPMENT m3i# group Investment Company "Economic Development Group" I ED Group endeavours to unwrap and realise the potential of innovative Ukrainian scientific inveni ons, and to promote them to Southeast Asian markets. To achieve this goal, ED Group has established the Science Technology Office of Ukrain Ukraineßus
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  • Page 5 Advertisements
    • 362 5 TIFFANY&CO. Just Published Tiffany's holiday business gift catalogue offers hundreds of memorable ideas to express your thanks. Now is the time to remember trusted employees and valued clients. For your copy, please call 6735 1848 or visit a Tiffany store. TIFFANY&CO. SINGAPORE RAFFLES HOTEL ARCADE TAKASHIMAYA S.C. CHANGI AIRPORT TERMINAL
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  • COMPANY NEWS
    • 624 6  -  ONG BOON KIAT CREATIVE Technology won't mind pundits saying that the offloading of a Malaysian factory was the reason for its US$l.3 million fiscal first-quarter profit. When you are coming off five unprofitable quarters in the last six, any shape of profit
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    • 283 6  -  CONRAD TAN Margins vulnerable to price hikes in oil-based materials By FULL Apex Holdings' third-quarter net profit rose 19.4 per cent from a year ago to 46.9 million yuan (Ss9.l million). The maker of plastic soft-drink bottles said its
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    • CHINA STOCKS
      • 367 8  -  SIOW LI SEN Company cites higher soybean and finance costs, lower sales Reports by PINE Agritech has posted a sharp 40.4 per cent fall in net profit to 93 million yuan (SslB.l million) for the third quarter ended Sept 30, hit by higher
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      • 370 8 PEOPLE'S Food Holdings has reported a 62.8 per cent plunge in third-quar-ter net profit for the period ended Sept 30 to 84.5 million yuan (5516.4 million) as the company continues to suffer because of a pig shortage in China. The Shandong-based
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      • 274 8 DELONG Holdings said that its major shareholder has proposed an issue of exchangeable bonds up to $220 million to Citigroup Global Markets, giving the bank a substantial interest in the company. Trading in Delong, a manufacturer of hot-rolled steel coils in
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      • 395 8 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 American Express Bank 5.75 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America
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    • 817 9  -  CONRAD RAJ Company now focuses on making parts for top European carmakers By A NEW name, new shareholders, a new focus and virtually no debt have given the former Acma Ltd a new lease of life. Renamed China Automotive Corporation (CAC), the
      817 words
  • Page 6 Advertisements
    • 709 6 C% INITIAL PUBLIC OFFERING J APPLY NOW! Offer closes 12 November 2007 at 12:00 pm NEW TOWN TuMTiMnTiMttfr A LEADING NEW TOWN DEVELOPER IN THE PRC tt g*"N. x'/\ J? ■J? d» V gWF J CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED (incorporated as a business company limited by shares under
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    • 37 6 IT] Commercial/ Industrial Guide y.llowi»ic»» "Business Management" Let our consultants manage your business fct^^ SALES HOTLINE:666S 6665 wttla the Purple Plaoe>ux Ladies' ekusekw-bLe Bk Debut Performance outside China -a 188 Organiser: Main Sponsor: Supporter: Official Outdoor Media:
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  • Page 7 Advertisements
    • 1312 7 SSESilll LIPPO-MAPLETREE tax freeW f lil^i i^ > INDONESIA RETAIL TRUST f^**^-,** I I Irff^ 2 Based on the Offering Price of Sso.Bo and the various assumptions set out in /^-fiS 121^1 (A real estate investment trust constituted on 8 August 2007 the Prospectus under the heading "Profit Forecast and
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  • Page 8 Advertisements
    • 329 8 J J NJ J \T J L U I* L J C 0 Pr 1 }i J J XJ £l B A Growing One Stop II I Mobile Handset I t Solutions Group s^^ We are a full-set solutions house that provides complete \M design services spanning the entire handset
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  • Page 9 Advertisements
    • 12 9 > V v S^Mt'V^fc^ c Hit i i^^^^^s^j^l l^^sfesij^Q^M l^^'^^s^^B IB^^i^^A^l i^s^ssii'^^§il^l i
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    • 410 9 Reminder Notice SINGAPORE CUSTOMS UPGRADES IT SYSTEMS Various Customs Permit Services will be affected Singapore Customs is carrying out an upgrade of its IT systems to increase system efficiency and to meet future operational needs. Some Customs permit services will be affected due to migration of the new systems during
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  • SINGAPORE MARKETS
    • 1415 10  -  TEH HOOI LING MOUNTING losses in banks from bad home loans in the US spooked investors into dumping shares. As a result, equities the world over generally ended lower last week. In the US, stocks fell to their lowest level since March 2003. In
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    • 1298 10  -  ROBERT HALILI INSIDE MARKETS By THE trading activity by directors and substantial shareholders was high last week based on filings during the holiday-shortened week of Nov 5 to 9. A total of 22 firms recorded 88 purchases versus 23 companies with 56
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    • 671 11  -  R SIVANITm STOCKS ON MOST occasions, writing this column to try and forecast the market's direction for the week ahead would be a difficult task. This, however, is not one of them. Wall Street plunged again on Friday, ergo, Asian markets will come under intense pressure
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    • 1138 11 Payment (cts) Ex Books Pay date close date Aqua-Terra bt 0.146 01-Nov 05-Nov 16-Nov -Terra cb 0.154 01-Nov 05-Nov 16-Nov ascent las Im lia Trust 2.950 09-Nov 13-Nov 23-Nov Ascendas REIT ds 3.510 29-Oct 31-Oct 29-Nov 6L Marine 2.500 26-Oct 30-Oct 12-Nov ASL Marine dd 0.300 26-Oct 30-Oct
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    • 535 11 CURRENCIES [HONG KONG] Asian currencies ended last week mostly up against the dollar, with the Australian dollar heading towards parity with the greenback. Japanese yen: The Japanese yen advanced last week as the dollar plunged amid concerns over the US economic
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    • 213 11 COMMODITIES [LONDON] Crude oil prices struck new historic heights last week, surging above US$9B a barrel for the first time, on fears of tight energy supplies in the US. Gold futures came close to beating its all-time record of US$B5O an ounce as it won
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    • 1878 11 Source: Reuters recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name advanced Holdini is Limited 1.50 1.50 2 4.65 9.25 0.56 0.43 Jlco Commercial REIT 1.60 1.60 5.04 20.22 1.53 1.01 .II' ireen Pro jerties Limited 3.20 2.90 10 8.41 18.80
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    • 4 11 WEEKLY
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    • 3 11
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    • 46 11 Nov9 VALUE CLOSE -713.00-500.00 BT OB/OS BT CADI -*****.00-284.00 BT 10-day MA -*****.00 -72.00 All-SG Equities 1004.24 -17.85 SG Equities Elect 111.13 -2.70 SG Equities Fin 2464.94 -54.87 SG Equities Prop 1444.54 -38.76 SiMSCI 438.89 -9.09 SiMSCI Future 439.90 -6.40 PrimePartnersCI 285.56 -12.75
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    • 60 11 VOLUME Memstar 257,440,000 Sk> Petrol 194,219,001 El-Nets 161,502,000 ARA 128,525,000 IndoAi 106,212,001 Sim iTel 105, 132,001 Cacola 103,476,000 Yam iziii, iam 103,334,001 Rowsle> 101,568,001 Cham itian 100,292,000 VALUE(S) DBSGri 1,140,945,488 UOB 610,901,560 Ca i Land 495,616,15! Kej Cor| 465,833,26! Sim iTel 411,434,441 SGX 364,797,580 OCBC Bk 250,897,450
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    • 99 11 CLOSE UP 8280 662.8 5.9 GLD 10US$ Creative Tech 715 90.0 14.4 Venture Cor| 1380 60.0 4.! Wilmar 466 52.0 12.6 IndoAi iri 225 48.0 27.1 Golden Ai |ri 218 42.0 23.9 OCBCBk4.5%NCPS 100 ***** 40.0 0.4 SPCDBeCW*****9 173 33.0 23.6 WilmarRBeCW*****7 58.5 23.5 67.1 IndoAc |riDBSeCW*****9 44 20.5
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    • 95 11 CLOSE DOWN 2760 417.9 9.5 JMH China H 10US$ 2280 345.8 9.5 JSH 1550 144.1 6.1 DBS Gri 2050 110.0 5.1 SGX 1430 110.0 7.1 Jardine C&C 2110 80.0 3.7 Kei Con 1370 70.0 4.9 UOB 2010 70.0 3.4 At 1450 60.0 4.0 OUE 1450 60.0 4.0 BY PERCENTAGE
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    • 100 11 Clob Closing prices are in trading currencies, but absolute difference is in Ss. iere« S$ stands Nov 9 CHNG CLOSE FR Nov 7 YR 2007 S$ LOW S$ HIGH USS 1.4406 0.04 1.5479 1.4363® Euro 2.1198 -0.13 2.1254 1.9913 Pounds 3.0417 -0.41 3.1194 2.9323 AS 1.3291 1.84 1.3555 1.1741
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  • VIEWS FROM THE TOP
    • 3943 12 THIS WEEK'S TOPIC What would be a unique brand of service for Singapore? How can CEOs help shape it? Making a concerted effort Jane Prior Chief Executive Priority Consultants THE power and the skill to "serve" is grounded in a willingness and a true desire
      STOCKXPERT  -  3,943 words


  • SINGAPORE NEWS
    • 361 14  -  CONRAD TAN Republic scores on economic policies, infrastructure and political stability By MULTINATIONAL companies (MNCs) in the Asia-Pa-cific still see Singapore as the best place to base their regional headquarters but China is catching up fast, according to a survey.
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    • 411 14 AHEAD of his keynote address at the Global Entrepolis Captains of Industry conference on Nov 13, Robert Tucker, president of consulting group The Innovation Resource, took some questions from BT on his pet topic, innovation. Formerly an adjunct professor at the University of California, Los
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    • 329 14 SINGAPORE will again be the base for a global group of businessmen of Indian origin to meet and generate intra-regional business and build new contacts. This year, a much bigger group is expected to attend the annual Global Indian Business
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  • Page 14 Advertisements
    • 400 14 R^ni ffl H fe '*&a' Diners Club Card r O a^/ 2/ C a//64i6 0980 MA mm A World of Exclusive Privileges Treats (il^k Diners Club KnffiCTnJffflllirinrM Aw^i t"" 'v'«Tr d°csnt matter to us D&HSSiI f£Sifl something different all day. which country it comes ■MMQHnKQffIMn I from, its brand, its
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  • DINING OUT
    • 542 16  -  Christopher Lim RESTAURANT REVAMP Shang Palace 22 Orange Grove Rd S (*****0) Tel: 6737-3644 FANS of Shangri-La's Chinese restaurant, Shang Palace, will be glad to know that it re-opened last Wednesday after five months of extensive renovation. Four million dollars might sound like a hefty contractor's
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  • Page 16 Advertisements
    • 113 16 Winners of the Nokia E6li Vow Tain Seh Wu May Kwen Mezan Kario Yew Leng Chye Jessica Loh Yin Pheng Zhou Huiling Winners of the Nokia E65 Chua Shu Shyan Rena Serene Soh Chong Cwee Gim Timothy Wong We will contact you soon with details on prize collection. Jointly organised
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    • 192 16 1 I The No. 1 Conference for Java, Enterprise Architecture SOA SDAAsia Magazine and sda-asia.com present JAX Asia 2007 the second edition of the conference on Java, Enterprise Architecture and SOA, to the Asian Enterprise IT community of ClOs, CTOs, IT managers, Software Architects, Project Managers, System Integrators, Software Developers,
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  • DINING OUT WITH citibank
    • 800 17  -  JAIME EE POWER Lunch IF there's one thing fuelling the current boom in fine dining and dining in general in Singapore, it would have to be corporate entertaining, with many of our top end restaurants reporting a growing demand for special menus,
      ARTHUR LEE  -  800 words
    • 610 17  -  Cheah Ui-Hoon GUEST CHEFS Harbour Grill Oyster Bar Third level, Hilton Hotel 581 Orchard Road GUEST Chef Jacques Maximin took a bite of the cheese stick, and raised his eyebrows at Julien Jouhannaud, resident chef of the Harbour Grill. A simple nod of his
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  • Page 17 Advertisements
    • 116 17 Continue your journey more treats from The Harbour Oyster Bar 10% off total the 10% off total food Sheraton Towers Tel: 6839 5622 15% off total food 20% total food Greenhouse a voucher for every Tel: 6434 5288 Tree 15% off total food Tel: 6825 1061 15% off total Copthorne
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  • BT-CIIBANK YOUNG INVESTORS' FORUM
    • 865 18 But not necessarily the whole story. CHEN HUIFEN explains what the financial data in an annual report tells about a company's health ANNUAL reports are among some of the tools investors use to research listed companies. However, such documents issued by the companies themselves
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    • 534 18 CAMPUS LIFE 150 students join the 2-day Singapore Stock Challenge for a glimpse of real-life markets, reports EVA ANG SOME 150 students have experienced the thrills and challenges of share trading at the fun and interactive two-day Singapore Stock Challenge which culminated in the
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    • 204 18 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • Page 18 Advertisements
    • 46 18 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • ECONOMY WATCH
    • 683 19 Reuters Monetary tightening comes as central bank issues strong inflation warning [SHANGHAI] China's central bank, battling to restrain growth in the money supply and inflation, is lifting the proportion of deposits that commercial banks must keep in reserve to a record high.
      Reuters; REUTERS  -  683 words
    • 272 19 AFP [BRUSSELS] Eurozone finance ministers will size up looming threats to growth at a meeting today as evidence mounts that the record strength of the euro and oil prices are weighing on the economy. The ministers are to also prepare a joint message that
      AFP  -  272 words
    • 505 19 ■AFP No big US$ sell-off seen, just a slowing of more purchases [WASHINGTON] Though China has again threatened to diversify its mountain of dollar foreign reserves, US officials are unperturbed and experts do not see a rapid shift by Beijing. A
      ■AFP  -  505 words
    • 2827 19 Transaction date: Nov 9 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing
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  • Page 19 Advertisements
    • 199 19 Strategically located 10 minutes from Nanjing Lukou International Airport, Lishui Yong Yang Southern Development Zone introduces her advantages in labour sources, living environments, tax policies and location. A half day seminar to be held at Grand Plaza Park Hotel with the Lishui County Magistrate delegation members a. Mr. Baochun, Liv
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  • MALAYSIA
    • 552 20  -  S JAYASANKARAN COMMENTARY It is costing the government too much PRIME Minister Abdullah Ahmad Badawi finally came right out and said it. The subsidies on fuel would "be reduced" as they were unsustainable, the prime minister said on Friday at the conclusion of
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  • Page 20 Advertisements
    • 2093 20 SINGAPURA FINANCE LTD A AND ITS SUBSIDIARIES SINGAPURA FINANCE (Incorporated in the Republic of Singapore) Slf^Si Company Registration Number: *****0340N Financial Statements For The Year Ended 30 June 2007 The preparation of financial statements requires management to make judgements, The following financial information contains only a summary of information in
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    • 24 20 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. mats I NOTICES
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    • 222 20 Brostrom Tankers Asia Pte Ltd are commercial managers of an expanding fleet of modern Product-Chemical MR tankers, under the Asia Pacific Joint Service (APJS) banner. We have openings for highly motivated people for the following positions, to be based in our Singapore office on Local Terms and Conditions. Chartering Executive
      222 words

  • GREATER CHINA/INDIA
    • 627 21 Reuters Stock selldown signals end of mania, but analysts still see future gains [SHANGHAI] China's stock bull is not dead, but it will be a changed animal that struggles to its feet after the market's biggest weekly fall for a decade. Shares
      Reuters  -  627 words
    • 320 21 Reuters Their second concern is the firm rupee as it squeezes profit margins [NEW DELHI] A surge in global oil prices poses a risk to India's fast economic growth and the government may have to raise retail fuel prices soon, a
      Reuters  -  320 words
    • 392 21 Reuters [BEIJING] China's state refiners are rationing diesel again at petrol stations on the booming east coast just a week after shortages made Beijing hike fuel prices by 10 per cent, industry officials and clients said yesterday. The shortage that occurred
      Reuters  -  392 words
  • Page 21 Advertisements
    • 222 21 MEETING TEAM BUILDING THEMED EVENT INCENTIVE I 'SSi^^sj^jiJ I IT"- V V iiijjjjjjjjjjjjjjjjl I 1 i^^Fj^^^ Iftft I'll ft bh j B b s fl I 1 I B***w B I WHERE THERE IS NO DIFFERENCE... THERE IS ONLY INDIFFERENCE. With a multitude of meeting venues which include 2 Grand
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    • 706 21 O DARCO SOLUTIONS TO WATER WASTE DARCO WATER TECHNOLOGIES LIMITED (Company Registration No. *****6732 C) (Incorproated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Darco Water Technologies Limited (the "Company") will be held at 18 Cross Street Bth
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  • ASIA-PACIFIC/WORLD
    • 529 22 Clipper Ventures HULL Humber has managed to close in further on the lead boat, New York, and at the 06:00 GMT schedule yesterday morning there was just nine nautical miles separating the two. With New York just holding off the team from the north-east of
      Clipper Ventures; Photo: ON EDITION  -  529 words
    • 461 22 Bloomberg Staff told in memo that if bank had lost £10b, market would have been notified [LONDON] A refusal to comment on sub-prime writedowns indicates that there is no truth to speculation about losses that wiped 29 per cent off the bank's market value
      Bloomberg  -  461 words
    • 263 22 Reuters It could begin operating by the end of the year [NEW YORK] The top three US banks have agreed on the structure of a backup fund of at least US$75 billion to stabilise credit markets, the New York Times reported yesterday.
      Reuters  -  263 words
    • 217 22 ■AFP [ISLAMABAD] Pakistan President Pervez Musharraf vowed yesterday to hold general elections by Jan 9 and indicated the state of emergency he imposed a week ago could stay in place until then. He said the elections commission would fix an exact date for the
      ■AFP  -  217 words
  • Page 22 Advertisements
    • 122 22 QTyRA/TTT VOTTT? I\TOl\/TTI\T ATTMMQ MfYW Organised by The Business Times and supported by Singapore Exchange, the Awards are presented to companies and individuals of companies listed on the Stock -DIVIII I\J UIV 1M L/lVlllNrV 1 iwlN OIN\J VV Exchange. You are invited to nominate deserving names for the following three
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  • WORLD
    • 578 23 -NYT US consumers using gas to heat homes will pay roughly the same as last winter [NEW YORK] As oil prices soared over the last few months, natural gas prices in the US did something that could help to cushion the economic shock:
      -NYT  -  578 words
    • 324 23 Reuters [LAGOS] There is no fundamental justification for oil at US$lOO a barrel and Opec member Nigeria is assuming that prices will not last at this level, oil minister Odein Ajumogobia said on Saturday. Mr Ajumogobia, who is heading to Riyadh this week
      Reuters  -  324 words
  • Page 23 Advertisements
    • 183 23 LUXURY TOURS TRAVEL PTE LTD /^rtfVPHPlVfex The Leading Operator f ■"tUvJUMA'^p) Established since 1985 BHl^^^ 100 Orchard Rd, #02-16 Meridien Shopping Centre Exclusive Coach Singapore *****0 Email: luxturfeingnet.com.sg Sulwk -irv uxuny coach sfrvigf Websi'.e: www lixurvcun su Member of NATAS 40 coaches available for charter m^_ Singapore Malaysia Inrm'rcx Sealer
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    • 696 23 /n\| ControlsAsia2oo7 \l \f ™c Islh International Plant Process Engineering Exhibition and Conferenoe W 1 p&3 Instrument Asia:mr f 1 I^^J£/I The 13th International Instrumentation, Measurement fit Testing Exhibition and Conference I/JKI AnaLabAsia2oo7 27 30 Mov 2007 IV yl Thai lth International Laboratory* Analytical ClllltPP QilUlilllfll'P L^ZB_I Technology Exhibition and
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  • AVIATION/SHIPPING
    • 377 24 [SEPANG] Malaysia Airlines (MAS) has relaunched its flights to Macau after a nine-year hiatus to take advantage of China's economic growth and strong demand from air travellers. The national carrier will serve the Kuala LumpurMacau route with a frequency of four
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    • 423 24 Reuters, Bloomberg It also bought 12 Boeing long-range 777-300ERS worth US$3.2 billion [DUBAI] Dubai-based airline Emirates chose the Airbus A350 XWB over Boeing Co's rival 787 airliner yesterday, taking 70 of them to cap an order that could be worth almost US$35 billion
      – Reuters,; Bloomberg; AP FILE PHOTO  -  423 words
    • 519 24 Bloomberg [WASHINGTON] ABX Air fell the most in more than three years after the air-freight company said Deutsche Post AG's DHL Express, the source of about 90 per cent of its sales, defaulted on their agreements by withholding payments. DHL's actions may
      Bloomberg  -  519 words
    • 434 24 Shipbuilders to be targeted, forward sales boosting won [SEOUL] The Bank of Korea plans to urge domestic shipbuilders to settle contracts in won and to spread hedging activities over time to curb the currency's gains against the US dollar. "For the
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    • 2403 24 AIRLINE CODES: AA: American Airlines (AAL), AF: -ir France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Rcyal Bn.- i Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU),
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  • Page 24 Miscellaneous
    • 315 24 CRYPTIC CROSSWORD ACROSS 7 Plant sap a sugar substl- M~ mg 7 m^F~: —^H4 K—^H6 H H| H H 8 'Gay' French city? (5) W^ 10 Stop believer holding Sabbath (6) 11 Author of 'Moll Flanders', Ro say(B) r l__^^^^ I 14 Waste of darn time (6) 1^ I^^ 16
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  • SINGAPORE STOCKS
    • 218 25 All. ireen 0.44 1.530 -0.050 Ascendasreit 0.86 2.470 -0.040 Caj iComm 0.48 2.440 -0.070 Caj iLand 4.61 7.400 -0.200 CapitaMall 0.91 3.380 -0.120 Chart SemiCond 0.53 1.040 -0.020 CityDev 2.66 14.500 -0.200 ComfortDelGro 1.24 1.850 -0.040 Cosco Con 2.31 7.300 -0.100 Creative Tech 0.17 7.150 -0.150
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    • 100 25 Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 14 1 0 0 0 4 14 1 Manufacturini 40 151 39 10 34 14 50 185 53 Commerce 12 59 14 14 18 73 16 >r/Cc ims 27 30 Finance 24 10 25 Construction
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    • 111 25 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 122,080 122,080 693,310 693,310 lanufacturint 1,746,193 549,826 2,296,019 2,220,957 70,349 2,291,306 Commerce 368,182 85,837 454,019 402,970 26,029 428,999 426,003 75,222 501,225 1,311,545 33,107 1,344,652 :inance 332,230 151 332,381 2,658,368 22 2,658,390 Construction 362,421 141,556 503,977 151,774 24,826 176,600 >ro|
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    • 8592 25 Week ended: Nov 9 |gh_ Low Code Company Sale ('OOP) High Low Buyer Seller C'vr P/E $mil 3.5 2 5716 1st Software 22 8 3148 STelecom 34 17.5 5834 A-Sonic 104 98 6389 ABF SG Bond ETF 30 15.5 1938 AEI Corp 27 14 1100 AEM 42 10
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    • 80 25 52-Wk Tel High Low Code Last Sale Vol C000] Day Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Coi Hii 119 119 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170
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    • 2260 25 Wk Tel Low Code Last Sale Vol [000] lay Low .ast Juote Seller Div C'vr Net P/E Cap imil JiL Col JiL 30 11.5 1181 AAGrp 41.5 19 5000 ABRHIdgs 31 23.5 8538 APStrategic 16.5 2 1501 Advanced System 70.5 15 1524 Alantac 22.5 8 7814 Albedo 46.5
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    • 249 25 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net2 or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum all
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  • FINANCE & COMMODITIES
    • 370 26 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov9 World Index Preliminan 1128.7 -1.1 2.5 -1.0 1.5 -1.1 8.I t EAFE Preliminan 1118.8 -1.3 1.0 -1.1 3.8 -1.2 10. Euro[ Preliminary 1530.8 -1.5
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    • 132 26 As at 9am Nov9 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.3300 1.3470 Can dollar 1.5380 1.5560 Euro 2.1040 2.1280 NZ dollar 1.1130 1.1370 Sterlin ind 3.0190 3.0530 US dollar 1.4320 1.4480 Local dollars to 100 units of foreign currency:
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    • 163 26 Nov9 $S_ Offer Bid Overnight 1 1/2 1-month 2 5/16 2-months 2 7/16 3-months 2 15/32 Overnight mode: 1 7/8 US$ Offer 1 3/8 2 3/16 2 5/16 2 11/32 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 4.63 4.67
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    • 21 26 Nov9 STI SIMSCI Nov 442.7 444.2 440.1 Taiwan Nov 354.1 354.7 351.8 Source: MF Global (S) Pte. Ltd
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    • 21 26 Wo 1/9 Bid Offer 1-month 1.4378 1.439 2-months 1.4348 1.4361 3-months 1.4321 1.4334 6-months 1.4249 1.4263 Source: OCBC
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    • 156 26 Nov9 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3336 1.3352 0.9255 0.9260 Canadian dollar 1.5494 1.5513 1.0753 1.0758 Euro 2.1157 2.1177 1.4683 1.4687 NZ dollar 1.1187 1.1204 0.7764 0.7770 Sterlim 3.0383 3.0410 2.1086 2.1091 US dollar
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    • 316 26 Nov9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO7 MarO8 JunO8 SepO8 95.255 95.735 95.980 96.090 0 0 0 0 ***** ***** ***** 7520 EUROYEN FUTURES DecO7 99.180 99.180 MarO8 99.170 99.175 JunO8 99.155 99.160 SepO8 99.105 99.115 DecO8 99.050 99.060 MarO9 99.005 99.005 JunO9 98.945B
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    • 285 26 Nov9 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Dec 07 Jan 08 Feb 08 Mar 08 Apr/Jun 08 Jul/Sep 08 376.00 379.75 381.50 385.00 389.75 392.25 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open
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    • 104 26 Noi/9 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov 07 1043.00 1028.00 1043.00 1020.00 Jan 08 1056.00 1041.25 1057.00 1033.50 Mar 08 1070.50 1056.25 1071.00 1048.50 May 08 1072.25 1059.00 1073.00 1051.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 07 45.08 44.15 45.12 44.00
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    • 75 26 CRUDE OIL PRODUCTS NovS CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 94.27 0.35 WTI (Near Mth) 95.48 -0.82 Dubai (1-Mth F) 87.71 -0.85 Tapis blend 99.55 -1.25 Minas 93.6 -1.1 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 91.45 113.25 unch unch US$/barrel Opec Oil Basket
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    • 452 26 Nov9 iuro ren (on 'eso lam ■ouni Australia 0.861 6.862 0.630 7.201 36.169 84.553 1.041 8.395 3.075 1.192 56.471 39.627 1.334 5.996 1.042 29.880 31.411 0.439 0.926 Canada 1.162 7.972 0.732 8.366 42.022 98.236 1.210 9.753 3.573 1.385 65.609 46.039 1.550 6.966 1.211 34.716 36.494 0.510 1.076
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    • 88 26 Nov9 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****V 06.02.08 1-Year BY*****A 29.09.08 2.26 2.18 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****X
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    • 75 26 Nov9 (US$) (SS) 4.***** 2.***** 1 mth 2 mths 4.***** 2.***** 3 mths 4.***** 2.***** 6 mths 4.***** 2.***** 9 mths 4.***** 2.***** 12 mths 4.***** 2.***** SWAP Offer rates (S$) 1 mth 2.***** 2mths 2.***** 3mths 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** SWAP Mid
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    • 64 26 Nov9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Nov07 2970 2962 2981 2950 310 762 Dec 07 2985 2980 3000 2965 538 8330 Jan 08 3004 2990 3013 2970 3953 ***** Feb OS 3007 2988 3010 2971
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    • 130 26 Nov9 (USS/oz) Nov08 Nov09 Hong Kong London 828.00 832.50 829.00 833.00 NovOS Nov09 844.65 831.25 845.35 831.95 Source: Reuters CAST BAR (S$) Nov09 Buying Sellini Kilobar "41,496.74" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS Kinebar™ 93.09 264.29
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    • 68 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2563.00 2583.00 3 months 2610.00 2630.00 Copper, Grade A (US$/tonne) Cash 3 months 7000.50 7030.00 7185.50 7200.00 Lead (US$/tonne) Cash 3574.00 3 months 3537.00 3504.00 3470.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months *****.00
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    • 80 26 Wo 1/9 Close Prev Hii ih/Low Dec 07 922 925 Mar 08 952 957 May 08 967 971 Jul 08 981 986 930/919 962/950 974/965 987/980 COFFEE (US$/tonne) Close Pev High/Low Nov07 2415 2429 2440/2400 Jan 08 1915 1928 1939/1904 Mar 08 1873 1880 1891/1865 May 08 1878 1883
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    • 4364 26 BONDS WARRANTS Pel :ode Coi Last Sale +orPrem Expiry Vol Conv Exer Disc Gear- Mths C000) Ratio Price ing Left >036 Advance SCT Ltd W*****9 40.5 -1 2442 >835 Allgreen RBeCW*****6 4 -1 340 ArianeCorp Ltd W*****9 3 0.5 ***** 3798 Ascendas REIT SGA ECW*****3 31.5 -0.5 607 )092 Asia
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  • Page 27 Advertisements
    • 2191 27 The Business Times Shipping Times L.-i-l.'^in.|.i|..i- E a.ViI-i/.i-i In-!• 'L'-i-l. EV/ a.ViI-i/.i-i In-I<•■■—--■• ?^R r^^^^^i m MIDDLE-EAST SERVICE F.E./S.E.A SERVICE [£jjggr^^^^p^r^^^^^^ Destination Destination J^ JBW1 LW*7il it*!'J»] lL\ Si B lsi IS w^ j* —~~--^-j-.;. ~l£mHM L-•• i-1. Sn- 1-I|- -i- E V/ M-iI-i/.m In-1--ii-M-1 L-•• i-1. E M-iI-i/m-i In-1--ii-M-1
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  • Page 28 Advertisements
    • 3850 28 WAN HAI INTERNATIONAL PTE LTD crn0 **********0/r| lit tti A CTirDM C* A. U IXTITU TTI I /<«* o<k TH S~tC/?■ %T T^\ mail TEL:*****588 (14LINES) FAX:*****163 If\ i__Y_» i ___V_N Ci\K. ____N___\., LIU ff||i fVI L*T f j K^S//??/!, \\N\WANHA I MFC Corner ServKe/BookingsKre,. line (1800) *****2 M H
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  • Page 29 Advertisements
    • 5313 29 HSH H R H Hll Ipg andersenj M6s™s™l Ha«■* navigationgroupl HL^ir^lfl shipping company/ 70 Shenton Way, #21-03 Marina House Singapore *****8 WW^aO NORTH WcbT bXrKbbb LINE umiKl »iuiiniiic owns operates the youngest fleet ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■^■■■■■■■■■■■^■■■■■■■■■PHHIHMHII MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DaTEX a« AfflvAl DaTEX WITH l|aiaMMtt^Ji^UiMaUj*i^illtt*^^aii^MMa^tMi^affia^tMfaaMMii^Jll [VESSEL I VOY
      5,313 words

  • Page 30 Advertisements
    • 40 30 V HOW WILL AVAYA CHANGE THE WAY I YOU WORK? m I'm Mary, a full-time mum and I work at a customer call centre. Good thing I don't m have to leave home. W ,i AVAVA INTELLIGENT COMMUNICATIONS M 1
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  • BizIT
    • 391 31  -  ONG BOON KIAT New data roaming service from Bridge Alliance targets mobile e-mail users By NO more bill shock or grappling with different operator toll rates for fre-quent-travelling mobile Web surfers and e-mail users that's the promise of pan-Asian telecom consortium Bridge
      391 words
    • 1209 31 Philips' global event showcased stunning new technology innovations that are easy to use, writes AMIT ROY CHOUDHURY IMAGINE waking up bleary-eyed with bright and harsh sunlight streaming on to your face from the window beside the bed. How wonderful it would be if you could dim the
      1,209 words
    • 570 31  -  > WINSTON CHAI By SONY Ericsson is set to bring more music to consumers' ears with the unveiling of three new handsets, and leading the pack is its most feature-packed Walkman phone to date. Of the three models, to be introduced in the first quarter
      570 words
    • 745 32  -  AMIT ROY CHOUDHURY Survey shows that employees working from home most vulnerable, writes SINGAPORE IT managers feel that significant leakage of data is happening through various electronic channels even though their companies are highly aware of the need to prevent data
      745 words
    • 384 32  - <what's up> WINSTON CHAI Spore firms win big at business awards SINGAPORE-BASED firms have scored top honours at this year's Asia Business Continuity Awards, an event to recognise individuals and companies that have made significant contributions in the BCDR (business continuity and disaster recovery) industry in the region. Singapore Computer
      384 words
  • Page 31 Advertisements
    • 102 31 (^Sl|i| SO YOU THINK 4PeH I YOU'RE SAFE "I^^ H AND SECURE? lrtL Firewalls, Virus Scanners, Anti-virus 'y^T"! Shields, SSL, Encryptions, PKIs and more: you have it all, and you're sleeping peacefully at night thinking nothing can ever harm you. f^^^^^^^^^^^ 9 I But Wait! Do you know that the
      102 words

  • Page 32 Advertisements
    • 40 32 H^^^fi 15.4" 14.1" RRHJfflfjiifVf'ntff^l ■^■■■■■JUBBHAtp^^BriMpfV^py^JHl ■■■^■vMHAHiHvuyMi ■TIPiHVI%AiHBVfTfl4vi^l4ffT^f9^^| HTIMVVIVsHBHl*^fl4v4l^TVWV9^^| I We are open 24 hours, 7 days a week! BUSINESS HOURS Mon Fri B:3oam 6.15pm, Sat 9am 3pm CGntrinO" Mir Visitdell.COlTl.Sg/7497formoreinfo %9 Call our Small Business Experts at 1800 394 *****
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  • Page 32 Miscellaneous