The Business Times, 13 September 2008

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Total Pages: 47
1 47 The Business Times
  • 15 1 weekend THE BUSINESS TIMES SEPT 13-14, 2008 |85 cents AN SPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg
    15 words
  • Article, Illustration
    1415 1  -  Yen Sreenivasan Jamie Lee The cousins who have taken over Peter Lim's throne By i and ven@sph.com.sg leejamie@sph.com.sg Singapore FOR years, the words "remisier king" and Peter Lim have always appeared in the same sentence. Of late, though, the title has been tweaked. Now, Mr Lim is called
    YEN MENG JIIN  -  1,415 words
  • Page 1 Advertisements
    • 56 1 More than 250 years of continuous history L— VACHERON CONSTANTIN Manufacture Horlogfere. Geneve, depuis 1755. Authorised Retailers Singapore: Cortina Watch Sincere Fine Watches Malaysia: Cortina Watch Sincere Fine Watches Indonesia: The Time Place Thailand: Pendulum Philippines: Rustan Department Store Service Centre Richemont Luxury (Singapore) Pte Ltd Tel: (65) 6317 2588
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  • Page 1 Miscellaneous
    • 179 1 y '7 jsdj£ LIVING HEADHONCHOS WEALTH II II s A dream home from the desk of LeeTzuYang|9 IFAs rl"ie:irre I-12-13 i.i:ni:KrKoM \hko\d Juier -n^ 18 rliri.in::- 30 8 is) 81 *****' UP FOR GRABS Lehman looks for buyers The troubled bank is trying to put itself out of its misery
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  • TOP STORIES
    • 133 2 STI 2,570.67 (+29.52) STOCKS PRIME RATES FOREX KL COMP ■—-J 1,044.03 +2.96 SINGAPORE 5.38 US$ (S: s$ us$; 1.435 NIKKEI 225 12,214.76 +112.26 MALAYSIA 6.72 ;us$, IS$ ier 1.766 2.535 STI FUTURES 2,571 (+29) HANG SENG 19,352.90 -35.82 HONG KONG 5.25 :uro. 'US! 1.408 2.021 SET 654.34 +7.54 INDONESIA
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    • 526 3 AP Its shares dive further as execs talk to potential suitors and the Fed New York LEHMAN Brothers' shares sank further yesterday as top executives raced to put a sale of the beleaguered investment bank in place. Confidence has waned that Lehman Brothers Holdings will
      AP  -  526 words
    • 776 4  -  Nisha Ramchandani Companies find that official grandstands are not the only place to entertain clients By nisha@sph.com.sg Singapore IF you were hoping to scrimp on Formula 1 tickets by parking yourself at one of the trackside bars or restaurants, think again. Most of the
      ARTHUR LEE  -  776 words
    • 514 4  -  Lynette Khoo By lynkhoo@sph.com.sg Singapore AN earnings bubble is in the making and many companies will see earnings disappoint next year, warns Marc Faber, aka Dr Doom. Dr Faber, who earned his nickname from his often contrarian approach to investing, was speaking at
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    • 575 5  -  Chow Perm Nee RAFFLES TOWN CLUB CASE Trial starts on Monday; RTC claiming $130 m from Peter Lim, 3 club founders By pennchow@sph.com.sg Singapore A CAVERNOUS auditorium equipped with 37 mikes and large screen projectors and featuring a cast of more
      LIANHE ZAOBAO  -  575 words
  • Page 2 Miscellaneous
    • 60 2 NEWS LIVING Top stories 3,4,5 Travel L 2-3 Raffles Conversation 6,7 Dining L 4-6 Week In Review 8 c To Entertaining L 8 The CEO Column 9 Perspective 28-29 Weekend With L 9 Stocks stats 23-27 Shopping U2-T3 Wealth 30-36 Home Garden LT4-T5 Show Me The Money 32 Health LT6
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  • Page 3 Advertisements
    • 124 3 II W^^m J M .T.WmWmmmm^^YTmmmYmWmWmM lKTTT^^»iW^T.^Kif m. w m^^Kmrn .nJ Wmw mWmm The VINTEC VISOSG2E VI9OSG2E A Revolutionary Wine Cellar There is an ideal temperature for storage, another for serving white wines, yet another for red wines. For such varied temperature requirements, VINTEC has launched the new and larger capacity
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  • Page 3 Miscellaneous


  • Page 5 Advertisements
    • 9 5 *The Straits Times is read by 1.3 million daily.
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    • 131 5 MEETING TEAM BUILDING THEMED EVENT INCENTIVE m mm\ .eee^r^ta lA JUki^r)*-! rt r"rt^^ fSy r* WHERE THERE IS NO DIFFERENCE... %f THERE IS ONLY INDIFFERENCE. 'j I HG AWARD WINNER FOR BEST MEETINGS M CONVENTIONS HOTEL 2007 Voted by readers of TTG Asia, TTG China, TTGmice TTG-BTmice China HBEST BRANDS
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  • THE RAFFLES CONVERSATION
    • 1650 6  -  Genevieve Cua 1 i i S A YOUNG insurance ad--7^ viser in the 1980s, Mark O'Dell grappled with what many advisers still struggle with today the fear of rejection. After all, he had dropped out of college and his friends then were just like him young little savings,
      YEN MENG JIIN  -  1,650 words
    • 593 6 MARK O'Dell, general manager of AIA, may be a college dropout, but education is now one of his passions. Last year he set up the group's Financial Health Check Academy to train its own agents in needs-based selling. As the programme was not
      593 words
    • 76 6 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
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  • WEEK IN REVIEW/WEEK AHEAD
    • this week | sept 8-12, 2008
      • 80 7 THE US government seized control of mortgage finance companies Fannie Mac and Freddie Mac on Sunday to help the distressed US housing market and economy. Officials were concerned that mounting losses at the duo, which own or guarantee almost half of the
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      • 63 7 Temasek to pay HKs3.9b for stake in HK's Li Fung TEMASEK Holdings said on Sunday night that it would invest HK$3.9 billion (Ss7l7 million) in Hong Kong-based consumer goods exporter Li Fung Limited. Its subsidiary, Dunearn Investments (Mauritius), has agreed to subscribe for 168 million new Li Fung shares 4.85
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      • 67 7 STOCK markets around the world rallied on Monday, following the US government's weekend bailout of mortgage finance giants Fannie Mac and Freddie Mac. Across most of Asia, stocks surged at the start of trading, after Sunday's announcement that the US government would take
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      • 58 7 TENSION is boiling over as the Hong Leong Group tries to oust the chairman of Thakral Corporation, Kartar Singh Thakral, from the board of the outfit he founded. Hong Leong Group holds a 34.42 per cent stake in the main-board-listed Thakral through
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      • 73 7 EVEN as their numbers continue to swell, Singapore's top earners' average tax bill hasn't shrunk despite the slide in tax rates here over the years. The taxman's Year of Assessment 2007 (YA 2007) for income earned in calendar year 2006 saw a
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      • 59 7 The jury may still be out on whether Singapore's inaugural Formula One race will reap a windfall for the tourism industry, but some companies have already struck it rich. A few have even inked five-year contracts with the race organisers as the business aspects
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      • 51 7 WHEN the property market is hot, foreign buyers are in action. When it quietens, HDB upgraders take the spotlight. HDB upgraders' share of private home purchases rose to 34 per cent in Q2 2008 from just 28 per cent in Q1
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      • 123 7 ONLY a few days after Wall Street was buoyed by the US government's plan to take over Freddie Mac and Fannie Mac, another major financial institution, Lehman Brothers, kept markets on ayo-yo. On Wednesday, Lehman sought to allay market worries by
        AFP  -  123 words
      • 43 7 BANKS worldwide have suffered more than US$5lO billion in writedowns and losses since the credit crisis started. And even those that haven't been hit badly are bracing themselves for possible loan losses by shoring up their capital buffers.
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  • Page 7 Miscellaneous
    • 201 7 CRYPTIC CROSSWORD r w j t h Ludwig make an excuse (5) B^~n 20 Pr°gramme information I ["COllm^24> I fancy for an is WH H H M~~^^^l YESTERDAY'S SOLUTION \xl^^^ 14 Old film company in HH WM bßi^^BiO ACROSS: 1 Stage-struck, 9 y 24d^etTbo(ok, 20/-(4,5) l''lMl[' l l l DOWN:
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    • 82 7 NEXT WEEK sept 15-19 US DATA Sept 15: Capacity utilisation Aug Industrial production Aug Sept 16: Core CPI Aug FOMC policy statement Sept 17 Building permits Aug Housing starts Aug Crude inventories Sept 18 Initial job claims Leading indicators Aug; SINGAPORE DATA Sept 15 Retail sales and catering trade indices
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  • FROM THE DESK OF
    • 1012 8  -  Lee Tzu Yang The energy problem won't solve itself and some hard facts show that we must act early FROM THE DESK OF Chairman, Shell Companies in Singapore lam often asked what is going to be the price of oil. The volatility in the global market
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  • COMPANIES
    • 499 9  -  Oh Boon Ping Both close lower despite report of their inclusion in STI as new component stocks By huwenbin@sph.com.sg Singapore STOCKS of Golden Agri-Resourc-es and Jardine Matheson Holdings rallied yesterday morning, after news that both would be added to the Straits Times Index.
      FILE PHOTO  -  499 words
    • 247 9  -  Angela Tan By angelat@sph.com.sg Singapore SINGAPORE-LISTED Pacific Century Regional Developments said yesterday that its Hong Kong-listed associate PCCW intends to maintain its dividend at or above current levels after a planned stake sale. "In the context of a sale by the company of an
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    • 409 9  -  Vincent Wee By vincewee@sph.com.sg Singapore ICONIC Holdings which until recently was known as Inchem Holdings International is acquiring a property-related company in China through a proposed one billion yuan (Ss2o9 million) reverse takeover deal. The move follows a recent announcement by Iconic that after
      409 words
    • 685 10  -  Emilyn Yap STOCK IN FOCUS No guarantee that Hong Leong Group will have enough support in bid to oust Thakral founder. By IN a move that surprised some observers, Hong Leong Group this week made a call to remove Thakral Corporation's chairman and founder,
      Bloomberg  -  685 words
    • 519 11  -  Conrad Tan STOCKS conradt@sph.com.sg Journalist STOCKS here and elsewhere in Asia rose yesterday after three straight days of losses, cheered by news overnight that US investment bank Lehman Brothers is looking for a buyer. The Straits Times Index (STI) ended 29.52 points or
      519 words
    • 117 11 VOL CLCXE VGolden i 75,650 38.5 -1.0 -2.5 'are 38,526 58 0.0 0.0 Sire ;Tel 27,927 336 8.0 2.4 Li Here 22,404 46.5 2.0 4.5 China Hore cire 21,791 29 -2.0 -6.5 StraitsAsia 17,387 178 15.0 9.2 Cosco Con 16,340 169 7.0 4.3 Wilmar 16,202 318 -2.0
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    • 49 11 CLOSE iLD 10US$ 7456 215.1 2.1 ireat Eastern 1494 94.0 6." I A 1540 30.0 2.1 ISH 1430 28.7 1.. ;ia 200 1542 22.0 1.. JtraitsAsia 178 15.0 9.: :iMBAsean40 100US$ 718 14.3 1.. IK Land 362 14.3 2.! >el Con 864 14.0 l.i JOB 1856 14.0
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    • 53 11 CLOSE DOWN Jardine C&C 1552 -70.0 -4.3 DBSMBL iCW*****0 333 -61.0 -15.5 OCBC Bk 4.5%NCPS 100 9680 -54.0 -0.6 UOBMBUCW*****0 486 -50.0 -9.3 JMH 2772 -40.1 -1.0 Asia Pac Brew 1230 -20.0 -1.6 Haw Par Con 616 -19.0 -3.0 Hiai Moh 23 -15.0 -39.! ;or India Nift 10
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    • 110 11 apitaLand 4.290 +0.120 lapitaMall 2.710 +0.060 :if 'Dev 9.250 +0.130 ]osco Con 1.690 +0.070 IBS Grp 17.020 -0.060 :&N 3.980 -0.040 lent Intl 0.480 +0.010 IK Land 3.620 +0.100 ISH 14.300 +0.200 lardine C&C 15.520 -0.700 Corp 8.640 +0.140 lei Land 3.440 +0.060 IOL 1.950 +0.050 loble Grp
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    • 301 11  -  Lynette Khoo By lynkhoo@sph.com.sg Singapore TYCOON Oei Hong Leong's dream of taking control of a Japanese company has been thwarted for now, after his takeover offer for Japan Land lapsed yesterday. Mr Oei, who had a 4.01 per cent stake
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    • TALK MARKET
      • 186 11 DID the new shareholders of Oculus, such as Indonesian businessman Edwin Sugiarto, know what was in store when they took over the company in mid-year? Back in June, the eye-care company closed a chapter on $15 million of misplaced trust money. But three months later, it
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      • 146 11 INITIAL public offerings (IPOs) are drying up surely a bad sign for any exchange and worse still for a listed bourse. A number of companies are holding back IPOs until the market situation improves, and even those that lodged prospectuses several months ago are dragging
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    • 270 12 Reuters Hopes of Lehman takeover lift shares JAPANESE and South Korean banks led a rally in Asian bank shares yesterday on hopes of a possible takeover of Lehman Brothers, which is struggling to survive after suffering huge losses in the credit crisis. Sumitomo Mitsui
      Reuters  -  270 words
    • Business briefing
      • 32 12 CH Offshore has announced charter contracts worth US$4O million, comprising extensions of existing charters for two vessels and a bareboat charter of a newly delivered vessel.
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      • 36 12 UNITED Overseas Bank said it had increased the size of its preference share offering to $1.32 billion from $1 billion in response to strong demand. The offer closed yesterday.
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      • 77 12 SINGTEL said it has sold tens of thousands of Apple iPhone 3G handsets since its launch on Aug 22, making it one of its fastest selling handsets ever. More than 40 per cent of its iPhone customers signed up for the new iFlexi plans.
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      • 76 12 NOBLE Group's board of directors has scrapped plans to issue shares to certain executive directors. The group had announced on July 2 that it planned to issue up to 10 million new shares to chief executive Richard Samuel Elman and up to six million
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    • 470 13  -  Siow Li Sen Earnings hit $10.4 m on higher profit from associates and hotel operations By lisen@sph.com.sg Singapore LOW Keng Huat (Singapore) 's net profit rose 36 per cent year-on-year to $10.4 million for the first half ended My 31, 2008, on higher
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    • 230 13  -  Uma Shankari By shankari@sph.com.sg Singapore POKKA Corporation, which makes and sells ready-to-drink and soft drink products, posted an 8 per cent year-on-year rise in net profit to $3.7 million for the half-year ended July 31. This was helped by higher average selling
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    • 327 13  -  Arthur Sim By simska@sph.com.sg Singapore RENDEZVOUS Hotels Resorts International (RHI), a subsidiary of The Straits Trading Company, has entered into a joint venture (JV) with Chennai-based developer XS Real Properties (XS Real). RHI, which operates the iconic Rendezvous Hotel at Bras Basah
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  • Page 10 Advertisements
    • 187 10 ANYBODY CAN EARN 10,000 EASILY 4 100% MONEY BACK GUARANTEE* TO MAKE SURE YOU SUCCEED Special Benefits t aieeaiipiefa SUREST way to earn $10,000 with $10,000 Earning GUARANTEE* iCf^ Sfjpmoifc" /Powerful Coaching by MILLIONAIRE entrepreneur taT|l§llw /ANYONE can join.* Young old. No experience required rZT'uo J\ /Discover SECRETS to make
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  • Page 12 Advertisements
    • 1841 12 NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA ENERGY LIMITED will be held at Level 3 Meeting Room 306, Suntec Singapore International Convention and Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore *****3 on Monday, 29 September 2008 at 10 am, for ttie following purposes: AS ROUTINE
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  • SINGAPORE
    • 454 14  -  Samuel Ec Net increase in annual fare revenue to come to $10.1 m but operators to forgo $30m a year from rebate hike By samuelee@sph.com.sg BUS and train fares will rise 0.7 per cent much less than the 3 per cent cap
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    • 341 14  -  Lynette Khoo By lynkhoo@sph.com.sg THE global economy will likely end this year on a weak note and the weakness is expected to spill over into 2009, which may soon push central banks to ease monetary policy, says OCBC Bank's head of treasury research
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    • 376 14  -  Nisha Ramchandani By nishar@sph.com.sg PHILANTHROPY is becoming increasingly international, with more and more philanthropists looking to help those beyond their immediate community and region. Actor Jet Li, Australian professional golfer Adam Scott and Minister Mentor Lee Kuan Yew are among the 200 participants in the Global ÜBS
      ARTHUR LEE  -  376 words
    • 635 15  -  Kalpana Rashiwala So they are unlikely to fall by much, argues Redas chief By kalpana@sph.com.sg REAL Estate Developers Association of Singapore (Redas) president Simon Cheong says private home prices are unlikely to drop much from current levels as selling prices are close to replacement costs,
      ARTHUR LEE  -  635 words
    • 625 15  -  Arthur Sim By simska@sph.com.sg WITH profit margins already looking slimmer these days, some developers have decided to appeal to the Urban Redevelopment Authority (URA) to reinstate GFA (gross floor area) incentives for providing planter boxes and bay windows in condominiums. However, while sources say
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    • 766 16  -  Chuang Peck Ming HK leapfrogs Republic to take top spot in Asian study, which shows all countries except China and Taiwan scoring lower from 2005 By peckming@sph.com.sg "THE more we look, the less we find," said Jaime Allen, secre-tary-general of the Asian Corporate Governance
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    • 510 16  -  Chow Perm Nee By pennchow@sph.com.sg FIRST the Australians, then the Indians and now the Koreans. Standard Chartered Private bank has set its sights on rich Koreans, after having rolled out a service catering to high net worth (HNW) expatriate Australians and Indians. The Global
      ARTHUR LEE  -  510 words
  • Page 14 Advertisements
    • 72 14 DIST 9-10 GOOD CLASS BUNGALOWS sq"ft Wide frontage «Onlysl7M sq ft Charming house Lush greenery sq ft Gd size pool with huge gdn •*****/8800 sq ft Brand new. Rare Lovely landscaping Superb value $20.8 M only SENTOSA COVE ISLAND BUNGALOWS ONE AND ONLY IN SENTOSA *****/***** sq ft TOP 09
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  • LETTER FROM ABROAD
    • 1349 17  -  Janet Ang LETTER FROM BEIJING Vice-president, business operations, global desktop business unit, Lenovo Carrying the Olympic Torch designed by my colleagues, running through Jing Gang Shan, being cheered on by my husband and thousands of beaming faces lining the streets, I realised that the road leading
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  • WORLD
    • Briefing
      • 115 18 Reuters Kuala Lumpur Malaysia's opposition alliance has deferred plans to unseat the government by Sept 16 due to a trip overseas by 50 government MPs, the group said. The announcement came after repeated assertions earlier by opposition leader Anwar Ibrahim, who heads the
        Reuters  -  115 words
      • 107 18 Reuters Bangalore India's information technology (IT) spending is likely to double by 2012 from 2007, reaching US$llO billion as companies and state-run organisations boost efficiency, a report released on Thursday said. IT spending in 2008 is on track to reach U5564.7 billion,
        Reuters  -  107 words
      • 74 18 Bloomberg Shanghai China Merchants Bank, set to acquire Hong Kong's Wing Lung Bank for U554.66 billion, said the two banks will extend the deadline to complete the deal for a second time because of regulatory approval delays. China Merchants and Wing Lung will
        Bloomberg  -  74 words
    • 650 18  -  S Jayasankaran Arrest is over articles that allegedly defame Islam and Prophet Muhammad, and readers' alleged inflammatory comments By btworld@sph.com.sg Kuala Lumpur PROMINENT Malaysian blogger and political activist Raja Petra Kamaruddin was detained by police yesterday under the Internal Security Act for allegedly
      AFP  -  650 words
    • 495 18 Reuters Jakarta TEMASEK has expressed its disappointment over the Indonesia Supreme Court's decision to turn down an appeal in a legal battle with the country's anti-trust agency. Indonesia's anti-trust body KPPU ruled last year that the Singapore investment company and its affiliates were in breach
      Reuters  -  495 words
    • 528 19 AP NZ cooperative that own 43% of Chinese producer says it believes no baby formula was exported from China Beijing CHINA'S government vowed "serious punishment" yesterday after a major dairy recalled 700 tonnes of milk powder linked to a rash of kidney stones in
      AP  -  528 words
    • 283 19 Reuters THE scandal revives memories of a baby formula tragedy four years ago and follows a spate of product safety scares last year. Here is an overview of safety cases involving China products. Milk powder: Dozens of infants treated for kidney stones this week have been linked
      Reuters  -  283 words
    • 576 19 AFP Hong Kong SOARING food costs have eaten into the profits of mooncake makers ahead of this year's MidAutumn Festival, offsetting a renewed appetite for the distinctively Chinese sweetmeat. Mooncakes heavy blocks of sticky lotus seed or red bean paste with two or four
      AFP  -  576 words
    • 521 20 NYT, Reuters CEO expected to unveil a master plan on Sept 25 to turn the company around New York INVESTORS skittish about further losses in the financial industry have pounced on American International Group (AIG), the insurance company that has reported some of
      NYT, Reuters; AP  -  521 words
    • 282 20 NYT Washington CONVENTIONAL wisdom in Washington holds that speculative money flooding into the market from index funds pushed up oil prices earlier this year. But a regulatory report released on Thursday shows that those funds actually were cutting their stake in the
      NYT  -  282 words
    • 522 21  -  Mary McNamara LAT-WP Why make Americans wait for her to speak to them en masse? By Los Angeles THOSE hoping that Republican vice-presidential candidate Sarah Palm would burst into tears or start speaking in tongues during her interview with ABC's Charles Gibson were
      LAT-WP  -  522 words
    • 543 21  -  Greg Lowe By btworld@sph.com.sg Bangkok DEPOSED Thai Prime Minister Samak Sundaravej's bid for re-election suffered a blow yesterday when Parliament was forced to postpone its selection of a new premier after a no show from ruling coalition MPs prevented a quorum. The ruling People
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  • Page 20 Advertisements
    • 106 20 The piece of enormous twelve-eyed Gzi with r (Length 7cm) well delineated pattern strong loiieaion colour is the most perfect shape that I have Precious gems, ever seen. Besides symbolising luck, wealth jewellery ethnics peace, this Gzi is also a precious amulet. It is a gold and silver rare piece
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  • SGX
    • STOCK MARKETS
      • 19 22 YTD change:-25.82% 52-week high: 3,831.19 on Oct 11,2007 52-week low: 2,541.15 on Sept 11,2008 Source: Bloomberg
        Bloomberg  -  19 words
      • 364 22 Sep 11 %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change World Index Preliminai 914.1 -0.7 -19.2 0.0 -20.8 -0.9 -21.1 EAFE Preliminai 862.0 -1.3 -23.1 -0.8 -26.1 -1.7 -26.4 Euroi Preliminai 1191.4 -0.8 -22.8 -0.7 -27.7 -1.5 -28.1 Pacific 732.9
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      • 145 22 Sep 12 .Currencies Bid >$/US$ to one unit of foreign currency: \ustralian dollar 1.1580 Offer Bid Offer 1.1611 0.8077 0.8082 :anadian dollar 1.3399 1.3430 0.9346 0.9348 iuro 2.0189 2.0234 1.4082 1.4084 IZ dollar 0.9421 0.9446 0.6571 0.6575 jterlini 2.5322 2.5381 1.7662 1.7666 IS dollar 1.4337 1.4367 >$/US$
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      • 26 22 Source YTD change: 52-week high 52-week low: YTD change: -30.42% 52-week high: 31,958.4 on Oct 30,2007 52-week low: 19,157.7 on Sept 11,2008 :Bloomberg
        :Bloomberg  -  26 words
      • 22 22 Source: YTD change:-60.47% 52 W eek high: 6,124.04 on Oct 16,2007 52-week low: 2,064.29 on Sept 11,2008 Bloomberg
        Bloomberg  -  22 words
      • 72 22 Sep Il\ :OCOA (£/tonne) Close Prev Hii ;h/Low Iep08 1485 1524 1522/1485 )ec08 1505 1536 1538/1495 /1ar09 1510 1536 1536/1499 /lay 09 1505 1535 1519/1497 :OFFEE (US$/tonne) Close Pev High/Low Sep 08 2121 2139 2143/2120 \lov08 2147 2163 2169/2130 Ian 09 2175 2187 2193/2159 SUGAR (US tonne) White Close
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      • 87 22 Sep Jj| iOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 08 1216.*****1.*****5.*****1.00 \lov 08 1176.*****8.*****6.*****5.00 Ian 09 1192.*****4.*****8.*****2.50 vlar 09 1206.*****8.*****0.*****9.00 JOYBEAN/OIL (60,000 lbs; usc/b) Close Previous High/Low Sep 08 47.00 47.69 47.10 47.00 Dct08 47.12 47.84 47.55 46.98 3ec08 47.62 48.32 48.10 47.50 Ian
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      • 56 22 Sep 12 )elivery 4onth Opening Range Sett Price Av Price Low Vol Done Open Positioi Hit iep 08 3ct08 2313 tov 08 2328 )ec 08 2343 "otal o/p: ***** contracts 2402 2377 2384 2284 2380 2392 2296 2395 2400 2309 Turnover: ***** Market tone: Higher 692 1119 682C
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      • 21 22 Source: YTD change:-13.80% 52-week high: 14,198.1 on Oct 11,2007 52-week low: 10,827.7 on July 15,2008 (ChartshowsThursday'sindexdosing) Bloomberg
        Bloomberg  -  21 words
      • Article, Illustration
        18 22 Source: YTD change:-20.21% 52-week high: 17,488.9 on Oct 11,2007 52-week low: 11,691.0 on Mar 17,2008 Bloomberg
        Bloomberg  -  18 words
      • 75 22 Sep Il\ ISS/barrel (FOB origin) Close Change Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) "apis blend /linas 99.58 -0.09 100.64 -2.18 96.28 -2.55 106.45 -2.65 101.00 -3.00 •RODUCT ISS/barrel (FOB S'pore) Close Change ire] \l aphtha let Kerosene 95.60 -1.85 120.06 -1.23 JSS/barrel )pec Oil Basket
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      • 62 22 Sep 12 /oz) iep i£p long Kong 756.50 unav 757.50 unav Sep 11 Sep 10 .ondon 740.60 764.50 741.80 765.40 Source: Reuters SILVER Selling Buying >assbook1oz 15.78 15.55 Source: UOB >LATINUM Lon (US$/oz) Sep 11 Close Previous >M Fix 1170.*****3.00 iMFix 1152.*****0.00 Source: Reuters M-ATINUM /NYMEX (US$/oz) Sep 11
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      • 67 22 Sep 11\ Uuminium, 99.7% mrity (USS/conne) Close Previous lash months 2575.00 2620.00 2578.00 2626.00 tapper, Grade A 3JS$/tonne) lash J months 6965.00 6930.00 6866.00 6840.00 .ead (US$/ tonne; lash months 1847.50 1855.00 1786.80 1799.00 lid /tonne) lose 'revious ;ash months "in (USS/conne; *****.00 *****.00 *****.00 unch lash months
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    • 5683 23 Transaction date: Sep 12 Transaction date: Sep 12 SZ-wks Tel High Low Code Company Last Sale Vol Day Last Quote COO0) High Low Buyer Seller Div GrYld Net C'vr P/E M Cap Smil 5716 1 st Software 16 5 3148 8Telecom 21.5 6.5 5834 A-Sonic 110 100 6389 ABF SG
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    • 3411 25 Transaction date: Sep 12 ligh Low Code Company Sale COOO) High Low Buyer Seller C'vr P/E $mil 14 60 3511 Metro Hldgs 62 unch '4.5 60 1929 Micro-Mechanics 65cd unch 102 38 2926 Midas 39.5 unch 15 45 3168 Midsouth 74.5 -0.5 .8.5 10 5745 Mirach Energy 12 unch 16.5
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    • 1858 26 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 10 11.5 1181 s AAGrp 10.5 15 5000 s ABR Hldgs 12 18 8538 s APStrategic 0 1.5 1501 s Advanced System 18 16 3518 s Afor 11.5 6 1524 s Alantac 10 6.5 7814
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    • 87 26 Up Down Unch 4 9 3 Up Down Unch 0 0 0 Down Unc lulti Ind lanufacturin; 51 64 62 11 13 60 75 Commerce 23 28 22 27 35 /Stor/ /Comms 15 13 12 16 14 Inance 16 14 16 14 Construction 11 ■roj ies 15
      87 words
    • 234 26 STOCK PRICES LEGEND: Straits Times Index Stocks: s Catalist Non Sponsored: t Catalist: N Net or Tax-exempted dividend: ct Conditional Trd s xd ex-dividend cd cum dividend: cri cum right issue cbi cum borius issue issue: *bi ex-bonus issue xall ex-all: cdxa cum dividend ex-all co cum
      234 words
    • 798 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 8 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS Before ('000) iHAREHO 3LDINI After ('OOP) Stock Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price
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  • PERSPECTIVE
    • 684 27  -  LAT-WP It has taken a full-blown financial crisis to shake the belief that free markets deliver better outcomes than politicians and bureaucrats. By Steven Pearlstein SELF-RELIANCE. Individual responsibility. A faith in free markets and a belief that people should have the chance to
      AFP  -  684 words
    • 407 27  -  Robert Cyran By WILL another bank buy Lehman? Bank of America is reportedly looking over the books. And there was an earlier widespread rumour that had Goldman Sachs considering a bid an idea upon which the Wall Street firm poured cold water. There's little doubt
      407 words
    • 382 27  -  Una Galani BREAKINGVIEWS.COM By FOOTBALL is facing a financial quandary. Manchester City's new cash-rich Abu Dhabi owners have suggested they may make a mind-boggling £135 million (***** million) bid for rival Manchester Unitcd's superstar Cristiano Ronaldo when the transfer window opens again in the New
      382 words
  • Page 27 Advertisements

  • Wealth
    • WEALTH INVESTING
      • 1346 28  -  Genevieve Cua At end-2007, assets booked by IFAs had more than doubled from $2.45 billion in 2006 to just over $5 billion, reports THE independent financial advisory market is thriving, contrary to the widespread expectation a few years ago that it would remain a niche sector.
        STOCK.XCHNG  -  1,346 words
      • 655 28  -  Genevieve Cua Morgan Stanley's chief investment strategist says there's over 50% probability of still more downside risk in markets By gen@sph.com.sg Singapore DAVID Darst, Morgan Stanley's chief investment strategist and managing director, is telling investors to "keep some powder dry". There is a more
        655 words
      • 1407 29  -  Teh Hooi Ling show me the money They tend to go on a shopping spree when prices are high, and they top up their purchase prices with bigger premiums than in less exuberant times hooiling@sph.com.sg Senior correspondent COMPARED with August last year, companies listed on
        Bloomberg  -  1,407 words
      • Article, Illustration
        725 29  -  Lynette Khoo SembCorp Industries Outperform CIMB-GK Sept 12 Close: $3.75 AS part of gas liberalisation in Singapore, SCFs 70 per cent owned subsidiary SembCorp Gas (SembGas) will be transferring its transmission and distribution pipeline assets on Jurong Island to Power Gas from Sept 11. In return, SembGas will
        725 words
      • 1138 30  -  Christopher Tan wealth insights While the jury is still out on who can or cannot beat the market, passive instruments such as low-expense index funds and exchange traded funds could be a solution for investors UR job as an independent financial adviser is to give
        bogie Hnanciai Markets Kesearcn center  -  1,138 words
    • WEALTH REAL ESTATE
      • 808 32  -  Uma Shankari It wants a new name and fresh look to gel better with its increasing push overseas, reports MAINSTAY on the Singapore property scene, Frasers Centrepoint is going for a new name and a fresh look as it moves to conquer abroad. The company
        808 words



  • Page 31 Advertisements
    • 430 31 I Househunt PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFT) (S$'000) (S$) District 1 NON-LANDED TheSail@ Marina Bay Apt 28/08/2008 99 614 1019 1660 District 5 LANDED LorSari 4-Sd 28/08/2008 FH 2324 2200 947 NON-LANDED Dover Parkview Apt 29/08/2008 99 936 670 716 Dover Parkview Apt
      430 words
    • 432 31 PROPFRTYTRANSACTIONS WITH CONTRACT DATFS RFTWFFN AUG 7S AND AUG .0. 700R PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFT) (S$'000) (S$) District 18 NON-LANDED Melville Park I Apt 25/08/2008 99 1346 620 461 Melville Park Apt 28/08/2008 99 1195 574 481 Melville Park Apt 29/08/2008 99
      432 words


  • Page 33 Miscellaneous
    • 41 33 Nil I > new wave Cutting edge Japanese chefs give the Spanish a run for their money 1.4-7 high fidelity Your dream home theatre/hi fi system L12-13 motoring Matthew Marsh, gentleman driver L20 IT no holds barred Grooming disabled riders li8 .LIJJWI
      41 words

  • BT Living
    • TRAVEL
      • Article, Illustration
        1422 34  -  Geoffrey Eu There's more to Macau than the Venetian. Wander down small lanes and stumble on picturesque spots, or hunt down authentic Portugese food in small towns that might soon disappear. By IMAGINE a building that contains more square footage than some entire towns, on a scale
        1,422 words
    • DESTINATION DINING
      • 3154 35  -  Jaime Ec Cutting edge Japanese chefs are giving the Spanish a run for their money. By CHEFS in Tokyo seem to be picking up a second language these days, and it isn't French. Listen closely and you might find some words familiar: El Bulli. Mugaritz. Martin Berasategui.
        3,154 words
    • DINING
      • 1260 37  -  Jaime Ec Eurasian chef Damian D'Silva has a mission in life: to uphold the cuisine of his ancestors. And working as a hawker is part of this grand plan to achieve his dream, never mind what others say. By T'S frustrating talking to Damian D'Silva. Partly
        YEN MENG JIIN  -  1,260 words
    • ENTERTAINING
      • 899 38  -  Audrey Phoon guest chef Saint Pierre's Emmanuel Stroobant shows how to shine at the table, not sweat in the kitchen. By EMMANUEL Stroobant speaks very quickly to begin with. And asking the Saint Pierre chef how he creates new recipes is a bit like upping the
        PHOTOS: YEN MENG JIIN  -  899 words
    • WEEKEND WITH
      • 1064 39  -  GAUTAM HAZARIKA Amanda de Guzman WEEKEND WITH A bibliophile talks about the origins of his antique book collection and how an innocent hobby quickly grew into an addiction. By IT could have been the sexy history teacher. "I have been fascinated with history ever since I was a
        PHOTOS: YEN MENG JIIN  -  1,064 words
    • SHOPPING
      • Article, Illustration
        1216 41  -  Christopher Lim MANAGING your media collection has been a perennial problem since it became affordable to amass more than a handful of music or video recordings. In the "old" days of analogue media like vinyls and video tapes, the only way to keep track of them would be
        1,216 words
      • The DIV system
        • 152 41 The most common dilemma is: do you go with a projector or a huge television? One look at the Armani/ Samsung TV might be enough to sway you towards the latter. $12,999 gets you 52 inches of glass-encased luxury. It comes in a smaller 46-inch size too,
          152 words
        • 196 41 The traditional home theatre sound setup typically involves having two speakers on either side of you, plus one in the middle, two behind, and one subwoofer for rumbling sounds and big explosions. This scheme is called 5.1 for short, with the point-one portion of the name referring to
          196 words
        • 190 41 If you've got a big high-definition TV you're really not getting the most out of it unless you have high-resolution content, and while upscaled DVD movies look good, they still aren't the real thing. HD broadcasts are in their infancy in Singapore, so your only practical
          190 words
    • HOME & GARDEN
      • 1303 42 US architect and designer David Rockwell's new works Terminal 5 at JFK airport, Hall of Fragments at the Venice Architecture Biennale, and New York City's Imagination Playground exhibit flourishes from theatre, his biggest influence. He tells Lim Sio Hui of his design vision, and why space design is
        1,303 words
    • HEALTH
      • Article, Illustration
        686 43  -  Cheah Ui-Hoon Going for a cataract operation these days is also your chance to get rid of myopia and astigmatism as well. By TOO old to go for Lasik? If you're in your 50s and above, the other way to gain specta-cle-less vision these days is to go
        686 words
    • GOLF
      • 838 44  -  Justine Moss RYDER CUP 2008 The US team has put its faith in rookies while favoured Europe has plenty of veterans this time around. By IT HAS been two years since the last Ryder Cup, 12 months of battling for qualification points, plenty of sweat and now that
        AP; REUTERS  -  838 words
    • SPORT
      • 739 45  -  Siow Li Sen, no holds barred lisen@sph.com.sg Senior correspondent OUR hearts went out this week to Laurentia Tan, a dressage rider who became Singapore's first Paralympic medallist and Asia's first winner in the equestrian sport. Ms Tan, 29, clinched the bronze medal in the Individual Championship Test
        REUTERS  -  739 words
    • MOTORING
      • 487 46  -  Samuel Ec ft watch By LAST weekend, a relatively humble German luxury make got the better of an exotic Italian marque. On a wet surface. Not once, but twice although both incidents took place at the opposite ends of the world.
        487 words
      • 437 46  -  Samuel Ec The Mini John Cooper Works, with its factory-fitted mods, should expand the attraction of the Mini brand. By MENTION John Cooper Works and everyone automatically thinks of the tuning kit that turns the Mini Cooper S into a more powerful pocket rocket. But
        437 words
      • 964 47  -  Samuel Ec Matthew Marsh never raced go-karts as a child, but a love for racing ensured full immersion in the cerebral sport. By MEET Matthew Marsh for the very first time and you will likely assume this urbane Englishman is an investment banker rather than a professional race
        964 words

  • Page 35 Advertisements
    • 161 35 > Dim Sum Sips _gl 6pmtoiam ■*_f||S- v Unwind with an evening ofgourmet Dim Sum delights and I fc *m*^ sensational cocktails at L'Espresso. v ™U^tf^?v*» We have introduced a whole menu of innovative Dim Sum dishes such as taf^gja Potato Dumplings with Chicken Curry and Jelly Appetiser with Champagne
      161 words








  • Page 43 Advertisements
    • 134 43 V I N U M FINE WINE MERCHANTS SINGAPORE KUALA LUMPUR BANGKOK MACAU HONG KONG Further discounts Retail applicable for self (i2th-20th Sept) Collection* and Level 3 Unit 20/21 volume purchases. Shaw Centre 1 Scotts Road OPENING HOURS: Wine tastings from 12th 10.30 am to 7.30pm S U X to
      134 words


  • Page 45 Advertisements
    • 699 45 Wine^ Cline with BTWeekend MezeBar Conrad Centennial Singapore The Magic of Matsutake, till Sept 20 333 Orchard Road, Meritus Mandarin Two Temasek Boulevard a 6432 7481 The Lobby Lounge Highly-prized in Japan, enjoy the richness Singapore, Grand Tower Level 2 Experience a world of palatable pleasures The Legends Fort Canning
      699 words

  • Page 46 Advertisements
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      53 words