The Business Times, 24 September 2008

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Microfilm: NL29476
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg m* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, September 24,2008
    25 words
  • Article, Illustration
    Lock icon HAMILTON LOSES APPEAL
    76 1 [SINGAPORE] McLaren Formula One driver Lewis Hamilton gave shoppers a pleasant surprise when he took a stroll through a shopping mall. The Briton flew in yesterday after putting up a spirited fight in his appeal in Paris to reinstate his Belgian Grand Prix victory. He lost the
    REUTERS  -  76 words
  • Article
    Lock icon Paulson minces no words to get second 'bazooka'
    664 1 Reuters, Bloomberg US Treasury chief works to head off opposition to bailout plan in Senate testimony [WASHINGTON] US Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke yesterday urged Congress to act swiftly to put in place a USS7OO billion financial
    Reuters, Bloomberg  -  664 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      42 1 ICOMP 1,026.18 -2.40 MKKEI 225 Closed IANG SENG 18,872.85 -759.35 ;et INDEX 608.25 -6.24 JAKARTA COM P 1,873.10 -24.24 IANILACOMP 2,486.29 -33.84 ;eoulcomp 1,481.37 +21.03 IHENZHEN B 296.51 -18.38 IUMBAI IND 13,570.31 -424.65 12N00NEDT Cham )OW 11,042.93 +27.24 IASDAQ 2,186.80 +7.82
      42 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.926 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.88 INDIA 13.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      40 1 IS$ (S$ per US$) 1.413 (US$/S$ per 1.853 2.617 :uro (USS/SS/E) 1.473 2.080 'EN 105.80 74.90 3.409 2.413 IK$ 7.766 5.497 !AHT 33.76 23.90 LUPIAH 9,320 6,598 LENMINBI 6.821 4.829 INDIAN RUPEE 45.94 32.52 1.188 0.841 IZ$ 1.454 1.029
      40 words
  • Article, Illustration
    Lock icon GIC eyes distressed assets, says US not out of woods
    729 1  -  CONRAD TAN Its portfolio grows at annualised real rate of 4.5% over 20 yrs to end-March ByC [SINGAPORE] The Government of Singapore Investment Corporation (GIC) said yesterday the worst is not over for the US economy despite plans for a
    GIC  -  729 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      47 1 COMMENTARY J$ EXEC MONEY PROPERTY BE INSPIRED I SGX short-selling Blackßock: Capitalise Govt land sales hit Zap for daily inspiration. _^g measures fall short jf on the chaos 12.4b in FY2007 Win a Nikon Digital page 2 M Bk F page 31 page 4 Camera! page 12
      47 words
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  • TOP STORIES
    • Article
      Lock icon SGX short-selling measures fall short
      788 2  -  R SIVANITHY COMMENTARY Regulator hasn't addressed the heart of the short-selling equation: the quantities and names of scrip lent to short-sellers By AFTER resisting for years suggestions made in this newspaper to improve transparency relating to short-selling and the buying-in market (BT, Nov 16, 2004,
      788 words
    • Article, Illustration
      Lock icon Move to help Lehman 'victims' gathers pace
      576 2  -  SIOW LI SEN MAS asks banks to see what can be done for Minibond, High Notes investors By [SINGAPORE] Efforts are underway to see if anything can be done to help angry investors, who claim that they were misled into buying the now
      BLOOMBERG  -  576 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Paulson, Bernanke urge swift approval of US$700b bailout
        66 2 TREASURY Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke yesterday urged Congress to swiftly pass a US$7OO billion Wall Street bailout, warning delay would put the economy at risk. Testifying before the Senate Banking Committee, they said financial markets were in
        66 words
      • Article
        Lock icon Move to help Lehman 'victims' gathers pace
        77 2 EFFORTS are underway to see if anything can be done to help angry investors, who claim that they were misled into buying the now worthless Lehman structured products. The Monetary Authority of Singapore is believed also to be involved in heavy duty discussions
        77 words
      • Article
        Lock icon Markets get cold feet over US bailout plan
        65 2 GLOBAL stocks fell yesterday and the dollar struggled, weighed down by investor worries about political resistance to Washington's US$7OO billion bailout plan and whether the deal will work. Worries about delays as the Bush administration and Congress haggle over details of the
        65 words
      • Article
        Lock icon Cosco units secure contracts worth US$256m
        35 2 COSCO Corp (Singapore) through 51 per cent-owned Cosco Shipyard Group has won newbuilding and conversion contracts worth U*****.2 million, its first new orders since July. COMPANY NEWS, PAGE 12
        35 words
      • Article
        Lock icon Bio-Treat seeks bank loan to repay CB holders
        67 2 810-TREAT Technology said yesterday it is in advanced discussions with a major bank for a loan to pay off debts owed to its convertible bondholders. Although it is still proceeding with its plan for a water trust, the proceeds may not come
        67 words
      • Article
        Lock icon Inflation slows slightly to 6.4% in August
        80 2 SINGAPORE'S inflation rate continues to show signs of moderation as August's consumer price index registered a 6.4 per cent increase year-on-year. This is slightly below the 6.5 per cent year-on-year growth in July, and much lower than the 7.5 per cent in April,
        80 words
      • Article
        Lock icon More countries interested in Asia-Pacific FTA
        45 2 AUSTRALIA, Peru and Vietnam have expressed interest in joining a budding Asia-Pacific tariff-busting plan comprising Singapore, New Zealand, Chile and Brunei which received a boost on Monday with the participation of the US, officials said. ECONOMY WATCH, PAGE 15
        45 words
      • Article
        Lock icon Malaysia's current account surplus up 56% in Q2
        73 2 MALAYSIA'S current account surplus continued to expand strongly in the second quarter of this year, growing almost 56 per cent to RM37 billion (5515.31 billion) on higher commodity prices. But a blip in the rosy picture was a strong reversal of portfolio
        73 words
      • Article
        Lock icon China, India not able to take up US slack yet
        73 2 THE global financial hurricane has swayed China and India only slightly, but the emerging Asian giants are not yet strong enough to drive a revival in world economic momentum, analysts say. For all the talk of Asia as a new
        73 words
    • Article
      Lock icon GIC sharpens focus on Asia, keeps eye on US
      588 2  -  CONRAD TAN Investment chief sees 'a lot of opportunities' By [SINGAPORE] Asia and other emerging economies will be a growing focus for the Government of Singapore Investment Corp (GIC) in coming years, said its investment chief yesterday. Although the biggest chunk
      588 words
    • Article, Illustration
      Lock icon Markets get cold feet over US bailout plan
      611 4 neuters, Bloomberg Main worries turn on funding, whether plan can save US from recession [NEW YORK] Financial markets appeared somewhat more upbeat yesterday, with stocks holding their ground after a huge sell-off as top economic officials updated Congress about efforts to hammer
      – neuters, Bloomberg; BLOOMBERG  -  611 words
    • Article
      Lock icon Paulson plan a joke, says author Kenichi Ohmae
      292 4 -Bloomberg [HONG KONG] Treasury Secretary Henry Paulson's US$7OO billion plan to buy devalued assets from financial companies is "a joke", because it doesn't go far enough to calm markets, said Kenichi Ohmae, president of Business Breakthrough Inc. Mr Ohmae, nicknamed "Mr Strategy"
      -Bloomberg  -  292 words
    • Article
      Lock icon Global banks to stay invested in the region
      540 4  -  LYNETTE KHOO They see Asia as a growth area; some expanding in Spore By I [SINGAPORE] Global financial firms hit by the financial meltdown on Wall Street have sought to assure investors here that it is business as usual in Singapore and
      540 words
    • Article
      Lock icon Fed eases rules governing minority equity stakes in banks
      236 4 ■AP [WASHINGTON] The Federal Reserve on Monday made it easier for private equity firms and other types of investors to take minority stakes in banks, a move that could usher new capital infusions to cash-hungry banks and help them cope with
      ■AP  -  236 words
    • Article
      Lock icon S'pore govt land sales in FY2007 double to $12.4b
      486 4  -  UMA SHANKARI The total is $2b shy of FYl997's record sales of $14b By [SINGAPORE] The government sold some $12.4 billion worth of land in the financial year ended March 31, 2008 double the sales of $6.2 billion achieved in the
      486 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      500 2 w A MAIS NOTICES SHC CAPITAL LIMITED (Company Registration No. *****5211H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of the Company will be held on 10 October 2008 at Orchard Motel Singapore, Nutmeg Room,
      500 words
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      36 3 ____k_ "f//4v* /I If \k HI /m/ m* ___k\ ___r A r SI ■r-^^ fif/i. y^l IF ___Va ___k^H_OM__RH___ Ul -BMT V l/lHtr. ___k_H__n__/_-H _________b_. \_W KaMIDi ij___r M^ fc^S alii Hla _^al BIiJJ ____________________________L/ ________________________r/v'
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      724 4 A SATS IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 NEM ENERGY SERVICES NO TIC E OF APPOINTMENT ,CO. Reg. No: *****6815 D, °f MEMBERS' VOLUNTARY (Company Reg. No. *****6850R) LIQUIDATION (Incorporated in the Republic of Singapore) Take notice that Low Scow Chye of 14 At an Extraordinary General
      724 words
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      Lock icon Page 5 Advertisements Column 1
      81 5 Isn't it interesting how seductive solidity is in times Independent Asset J Managers Family Office Global Custody iU A V Investor Services 1/ r| \C^ f Asset Management |F\ f^ f^ f^ Investment Funds 111 \V^ LI I V^ V^ il W En I I ft H Bank Pictet Cie
      81 words
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  • FORMULA ONE
    • Article, Illustration
      Lock icon Carmakers' head honchos in town for F1
      542 6  -  SAMUEL EE Also coming along to town are top managers from some of the world's best-known companies By [SINGAPORE] Besides celebrities and wealthy private bank clients, spectators at this weekend's historic 2008 Formula 1 Sing Tel Singapore Grand Prix will include the big
      BLOOMBERG, FILE PHOTOS  -  542 words
    • Article, Illustration
      Lock icon Superyacht JeMaSa sails into town
      526 6  -  VINCENT WEE By [SINGAPORE] As the trackside preparations get underway, the Fl glamour elements are also starting to quietly slip into town, as the rich tend to do. Among them is the 50m superyacht JeMaSa, which arrived in Marina at Keppel Bay last week. The
      526 words
    • Article, Illustration
      Lock icon Hamilton loses appeal but makes his point
      800 8 Reuters The McLaren driver asserted his case powerfully in front of Ferrari's counsel [PARIS] Despite a spirited court battle in which he did not yield an inch, McLaren's Lewis Hamilton will not get back the points he lost at this month's Belgian Grand
      – Reuters; AP  -  800 words
    • Article
      Lock icon Only 3 of 11 trackside hotels booked fully
      445 8  -  NISHA RAMCHANDANI By [SINGAPORE] Just days before the Formula One race kicks off, a majority of the 11 trackside hotels are still not fully booked. Still, there is a silver lining. For some of them, business has picked up strongly of late
      445 words
    • Article, Illustration
      Lock icon KBO Asia, Keppel Bay locked in venue dispute
      334 8  -  NISHA RAMCHANDANI By [SINGAPORE] A Diana Krall concert, to be held here as part of the Singapore GP season, has sparked a dispute between its organiser KBO Asia and Keppel Bay. This stems from the organiser's decision last week to switch the
      AFP  -  334 words
    • Article
      Lock icon Weather under the spotlight in F1 's first night race
      547 8 -AP [SINGAPORE] With forecasters predicting a 50 per cent chance of rain, weather will be a key factor when Formula One stages its first ever night race this Sunday under lights on the public streets of Singapore. Because the race
      -AP  -  547 words
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      Lock icon Page 6 Advertisements Column 1
      78 6 'V ifc- s~~ iM-f^"TT^^u^^#™^^^^> 1"^ B^C *The Straits Times is read by 1.3 million daily. "^B^^^^^^^^P^^ l^l^1 af >%%6 f^ X\ Recruit the right people !j C— 1 e^s^ through CATS Recruit. I W <^^^^^&^* Call 1800 289 8822 or email x- j^-t^i 11 c y V^^\recruitH>sph.com.sg V where dreams
      78 words
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      Lock icon Page 7 Advertisements Column 1
      108 7 ___k_^____ll M ________^1 I I ______i_i_i__i____________i_illllll___l __H ____i I I I |^wj __k^^__fi k^ rk Am tr /TT \vl__f ___l_Wl i_i; d"" lfc~ t] F^ST-SHr \jf^B B %J__i MM^Pfl __FA vft |Tf I *^aY____-_I I i __^B 'Hi ■^4 \thj[ 9/# jfj_P _______f_i^____iiiiii_N^ an _________l^^^B I i££P^^*Vtft^--f^jß I %T vv'i
      108 words
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      Lock icon Page 8 Advertisements Column 1
      148 8 12 V^ B^^^^ Get your ■5 KA R copy from nny W^SS Vfl Spinelli outlet at IL^g $5.50 and get a C pM| I^^^*^^^ complimentary Spin or Latte! Rev up and get your Pulses now Top Story: Is the F1 fever still burning or is it already cooling down? And
      148 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      338 9 INTRODUCING THE AMERICAN EXPRESS® PLATINUM RESERVE CREDIT CARD. There are those who have achieved significant milestones in life and Receive a complimentary 'Feed at Raffles' privilege Card worth Ss3BB. accomplished more than others. But ever restless, they are driven for more. Enjoy 365 days of complimentary golf at prestigious courses
      338 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Is the US$ going to be dumped again?
      747 10  -  LARRY WEE CURRENCIES Capitol Hill and Wall Street will hold the keys in the days ahead OVER the past two months, we have seen the US dollar recover a handsome 20 US cents or more versus key counterparts like the euro, British
      747 words
    • Article
      Lock icon Financial market recap
      222 10 The week's changes YEAR TO DATE SEPT 23'08 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 105.47 0.94 112.05 95.71 SGD 1.4145 -1.16 1.4542 1.3457 IDR 9325 -1.37 9500 9035 THB 33.76 -1.52 34.78 31.00 CNY 6.8135 -0.52 7.2085 6.8099* MYR 3.4105 -1.35 3.4720 3.1310 CURRENCY vsUSS
      222 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      88 10 Up Down Unch Up Down Unch Up Down Unch lulti Ind 0 13 2 0 0 0 0 13 2 lanufacturing 29 62 57 10 36 68 67 Lommerce 13 26 17 16 30 20 'pt/Stor/Comms 24 25 10 :inance 29 29 Lonstruction 'roperties 31 31 lotels/Rsts
      88 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      106 10 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 15,356 15,356 48,283 48,283 lanufacturing 262,245 5,211 267,456 186,563 377 186,940 Lommerce 37,046 5,461 42,507 53,409 1,346 54,755 'pt/Stor/Comms 89,845 612 90,457 168,948 91 169,039 :inance 36,671 36,671 309,534 309,534 Lonstruction 13,822 16,762 30,584 1,374 699 2,073 ■roperties 53,186
      106 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      107 10 lapitaLand 3.710 -0.240 lapitaMall 2.410 -0.090 jtyDev 9.330 -0.280 losco Corp 1.700 -0.220 IBSGrp 16.860 -0.320 :&N 3.890 -0.090 Sent Intl 0.445 -0.025 iolden Agri 0.395 -0.005 IK Land 3.110 -0.140 IMH 27.400 ISH 14.120 -0.180 lardineC&C 15.660 -0.960 leppel Corp 8.650 -0.300 leppel Land 3.100
      107 words
    • Article
      Lock icon BROKERS' TAKE
      817 10  -  CHOW PENN NEE S-Chips CITI INVESTMENT RESEARCH, Sept 22 MOVERS and shakers: The FTSE ST China (FSTC) index is at one time forward P/B and 5 times forward P/E, 41 per cent and 66 per cent discounts to Hang Seng China Enterprise Index (HSCEI), respectively. The index closed
      817 words
    • Article, Illustration
      Lock icon With shorting curbs in place, STI still dives 68 pts
      560 10  -  R SIVANITHY STOCKS CAN "naked" short-selling or even "covered" short-selling be reasonably said to be causing the market's decline? No, at least not according to yesterday's market activity despite the Singapore Exchange (SGX) acting to deter naked short-selling, the Straits
      560 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE
      57 10 Sep 23 VALUE CLOSE IT OB/OS -1350.00 +4.0C IT CADI -*****.00-169.0i IT 10-day MA -*****.00-135.0i TSE ST Mid Cap 541.90 -14.8' TSE ST Small Cap 434.82 -6.2. TSE ST All Share 603.24 -15.8' TSE ST China Top 269.51 -11.9 TSE ST China 263.02 -10.5 OB Catalist 101.28 -0.51
      57 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 10 VOLUME Golden Agri 60,271,000 FibreChem 51,993,000 Thai Beverage 28,273,000 Cosco Corp 26,077,000 IndoAqri 21,863,000 Macquarie 17,594,000 Capita Land 15,935,000 Magnus 15,827,000 Sing Tel 15,440,000 Wilmar 15,021,000 VALUE(S) DBS Grp 75,694,400 SGX 62,226,990 Capita Land 60,006,290 OCBC Bk 54,191,110 Sing Tel 53,002,110 UOB 49,130,020 Cosco Corp 45,698,860 Wilmar
      58 words
    • Article
      Lock icon RISES
      99 10 BY CENTS CLOSE UP LP 10US$ 8788 197.7 1.6 iBS Bk6% NCPS 10 ***** 70.0 0.7 "otal Access 109 17.0 12.4 ilA Em 233 13.0 5.9 ;TI2900SGAePW*****0 80 13.0 19.4 ;TI2750 DBePW*****3 59 9.0 18.0 il Fund 140 8.0 6.1 ;TI2700BNPePW*****7 58 8.0 16.0 ;TI2800SGAePW*****0 64.5 8.0 14.2 Cmdfr
      99 words
    • Article
      Lock icon FALLS
      117 10 CLOSE DOWN Jardine C&C 1566 -96.0 -5.8 China H 10US$ 1262 -81.9 -4.4 ICBCCai 5.1%NCPS 100 9550 -70.0 -0.7 UOB 1702 -44.0 -2.5 India Ni 10 1288 -40.0 -3.i IS MSCI India 100 540 -35.3 -4.4 iBS Gri 1686 -32.0 -1.9 OCBC Bk5.1%NCPS 100 9798 -32.0 -0.3 Con 865
      117 words
    • Article
      Lock icon CURRENCIES
      84 10 Where S$ stands Sep 23 CHNG CLOSE FR Sep 22 YR2008 S$ LOW S$ HIGH ISS 1.4145 0.28 1.4542 1.3457 iuro 2.0833 -0.79 2.2064 2.0070 'ounds 2.6247 -0.39 2.8431 2.5018 1.1906 -0.31 1.3251 1.1229 'en* 1.3411 -0.27 1.4484 1.2619 lupiah* 0.***** 0.66 0.***** 0.***** !aht* 4.1899 -0.13 4.4299 4.0190
      84 words
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      65 11 A new force in banking in Singapore In Singapore, parts of ABN AMRO are becoming RBS and now we can offer you more. More products, greater global reach and sharper customer focus. Plus, of course, the renowned RBS 'Make it happen' philosophy that L drives us to deliver results for
      65 words
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  • COMPANY NEWS
    • Article
      Lock icon Cosco units secure US$256m of contracts
      420 12  -  VINCENT WEE They were awarded by customers from the US, China, India, Hong Kong and Italy By 1 COSCO Corp (Singapore) through 51 per cent-owned Cosco Shipyard Group (CSG) has won newbuilding and conversion contracts worth U*****.2 million, its first new orders since July.
      420 words
    • Article, Illustration
      Lock icon KLW extends rights issue by two weeks
      392 12  -  JAMIE LEE ByJ DOOR maker KLW Holdings has extended its rights-cum-warrant issue to raise net proceeds of up to $3.54 million. "Due to the current market volatility, the directors have decided to extend the rights-cum-warrants issue for a period of approximately two weeks
      FILE PHOTO  -  392 words
    • Article
      Lock icon Fresh hope in trying times
      587 12  -  SIOW LI SEN SEPT 15, 2008 will be marked as the starting day of the worst crisis for the many denizens of Suntec City, Raffles Place and Shenton Way. But that did not stop the staff of Royal Bank of Scotland (RBS) at One Raffles
      587 words
    • Article
      Lock icon StarHub CFO worried about credit tightening
      297 12 Bloomberg STARHUB Ltd, Singapore's second-largest phone company, said it is concerned that customers will scale back their spending on telecommunications and television services because of the fallout from the financial turmoil in the United States. "My biggest worry is that there's suddenly credit tightening,
      Bloomberg  -  297 words
    • Article, Illustration
      Lock icon Bio-Treat seeks bank loan to repay CB holders
      590 13  -  LYNETTE KHOO Selling group's assets to 3rd parties not in shareholders' best interests: CEO By 810-TREAT Technology said yesterday it is in advanced discussions with a major bank for a loan to pay off debts owed to its convertible bondholders. Although it
      590 words
    • Article, Illustration
      Lock icon EGM on Thakral founder fixed for Oct 15
      302 13 THAKRAL Corporation has set Oct 15 as the date for its extraordinary general meeting (EGM) to determine the fate of its founder and chairman, Kartar Singh Thakral. In a requisition notice dated Sept 2, major Thakral shareholder Hong Leong Group asked to
      302 words
    • Article, Illustration
      Lock icon CitySpring seeks assets worth $1b
      549 13 Reuters But infrastructure trust says valuations are still too high CITYSPRING Infrastructure Trust, sponsored by Singapore investment company Temasek, is seeking buys worth over $1 billion but said asking prices were still too high. "We're on the negotiating table for a number of opportunities but
      – Reuters  -  549 words
    • Article
      Lock icon CapitaLand JV awards US$500m contract
      230 13  -  ARTHUR SIM By CAPITALA, a Capita Land joint venture with Abu Dhabi-based Mubadala, has awarded the main construction contract for Rihan Heights, the first phase of its US$5-6 billion flagship project Arzanah in Abu Dhabi. The contract, valued at AED 1.9 billion (about US$5OO million)
      230 words
    • COMPANY BRIEFS
      • Article
        Lock icon Dayen partners Tanjung Offshore
        41 13 DAYEN Environmental said yesterday that it is partnering Bursa-listed Tanjung Offshore Berhad to market its oil-in-water separation technology in Malaysia. The agreement was inked between Tanjung Offshore and Dayen's newly-registered subsidiary, Dayen Oil Water Technologies Pte Ltd.
        41 words
      • Article
        Lock icon ST Engg unit wins Airbus contract
        111 13 SINGAPORE Technologies Engineering (ST Engg) has announced that ST Aviation Services Co (Sasco), a subsidiary of Singapore Technologies Aerospace, has been awarded a contract by Airbus to provide heavy maintenance checks for 19 A 330 aircraft leased to Singapore Airlines (SIA). This contract is
        111 words
      • Article
        Lock icon Lexicon issues writ against Lawrence Liaw
        94 13 THE Lexicon Group said yesterday that it has issued a writ of summons in the High Court of Singapore against Lawrence Liaw Shoo Khen on Sept 22. This is in connection with his alleged breach of undertaking to procure the repayment of $2.5 million
        94 words
      • Article
        Lock icon Etika says its products are 'China milk' free
        105 13 ETIKA International Holdings announced yesterday that the milk products sold by its dairies division are not affected by the recent China milk scandal as it does not import or use any milk products and milk ingredients from China. The group is a
        105 words
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      39 12 Digital Cameras worth $449 each! Contest ends 30 September 2008. 1 pPWWB 8.1 megapixels High performance digital image-processing engine 3.6 x Zoom-NIKKOR lens with 28mm wide-angle capability Zap Code I br™ghttoyoubySPHNswM6diaßeLtd Y^ I /^~"^y ft ll ff ft r--'"\
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      9 12 *The Straits Times is read by 1.3 million daily.
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      167 13 IB Hi fc jli Visit our Roadshows ■Tfliwfpjis The Chequered Flag@Singapore Pools UL£|p^ mRaffles City, Basement 1 22-28 Sep 2008 BMp||||M|| 11 am to 9.30pm Lmlljgm Suntec City, Galleria Square 23 -28 Sep 2008 Near City Hall MRT underpass 1 1 am to 9pm Raffles Xchange 22 26 Sep 2008
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  • SINGAPORE NEWS
    • Article
      Lock icon AXS to offer top-ups, money remittance
      164 14 YOU'LL be able to remit money and even top up ez-link cards at an AXS station. But not until the end of next year. AXS InfoComm, which owns the machines, said yesterday that it is launching D-Pay, a new service that will give customers
      164 words
    • Article
      Lock icon August CPI's 6.4% hike a sign of moderating inflation
      357 14  -  EMILYN YAP With slower growth on the cards, economists see looser MAS policy stance in October By INFLATION continues to show signs of moderating, with August's consumer price index (CPI) up 6.4 per cent year on year. This is down slightly
      357 words
    • Article
      Lock icon Visitors in 2008 will fall short of 10.8m target: STB
      333 14  -  JAMIE LEE By SINGAPORE'S hopes of welcoming 10.8 million visitors this year have been dashed, with arrivals falling for a third straight month by 7.7 per cent in August. Some 842,000 people came to town last month, compared with 913,000
      333 words
    • Article, Illustration
      Lock icon Trends that show where media is headed
      285 14  -  CHUANG PECK MING By HE called himself "Chief of Confusion" and his role usually is to help people ask the right questions. John Seely Brown, who delivered the second Singapore Press Holdings Foundation Lecture yesterday, also dropped some hints of where the new
      SHAHRIYA YAHAYA/THE STRAITS TIMES  -  285 words
    • Article
      Lock icon Lower top bids expected for Mountbatten site
      626 14  -  KALPANA RASHIWALA Analysts also doubt need for more transitional offices By Al5-YEAR leasehold transitional office site in Mountbatten Road, launched yesterday, is expected to fetch top bids that are 15-40 per cent lower than a nearby site sold in January this year, according
      626 words
    • Article
      Lock icon New co-op laws improve accountability: outgoing SNCF chief
      503 14  -  LEE U-WEN By NEW laws passed by Parliament last week to better regulate cooperatives may not have gone down well with everyone, but the changes are "important" to improve their level of corporate governance and accountability. Outgoing Singapore National Co-operative Federation (SNCF)
      503 words
  • Page 14 Advertisements
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      1338 14 A SATS In the matter of The Companies Act, Cap. 50 IN THE MATTER OF THE And COMPANIES ACT, CHAPTER 50 n the Matter of KBC BANK (SINGAPORE) '»HUA LAI "I"™ BUILDERS LIMITED 2) MONTAGE INTERIORS FURNISHING (Company Registration No. pte LTD *****8648E) 3) HONLE INTERIOR DESIGN PTE LTD (Company
      1,338 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon More countries interested in Asia-Pacific FTA
      433 15 -AFP Australia, Peru and Vietnam show keenness to join grouping: officials [NEW YORK] Australia, Peru and Vietnam have expressed interest in joining a budding Asia-Pacific ta-riff-busting plan which received a boost on Monday with the participation of the United States, officials said. On the
      -AFP; REUTERS  -  433 words
    • Article
      Lock icon G-7 countries pledge to safeguard financial system
      285 15 -Reuters [WASHINGTON] The Group of Seven finance ministers and central bank governors are maintaining "heightened close cooperation" and pledged on Monday to take necessary actions to safeguard the international financial system. In a statement, the G-7 finance ministers and central bank governors said
      -Reuters  -  285 words
    • Article
      Lock icon Germany faces recession as export boom ends
      496 15 Reuters Latest US financial crisis is dragging down the economy [BERLIN] An end to the export boom that has long underpinned German prosperity leaves the country's economy, despite its relatively sound fundamentals, facing the prospect of several quarters of low or negative growth.
      – Reuters  -  496 words
    • Article
      Lock icon ECB says it will inject cash if required
      139 15 -AFP [FRANKFURT] The European Central Bank (ECB) sees renewed tension on eurozone money markets as the end of the third quarter nears and pledges to inject more cash if necessary to keep interbank lending on track. "The ECB continues to closely monitor
      -AFP  -  139 words
  • Page 15 Advertisements
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      103 15 II m^UKT^i^ m M m f 1 Ottoman Rear Refinement ■—^^jii^^S^^^^^m^^ Mark Levinson f|~^ -M^^^^^^j^^^,j^^MlM|^~i| Seat With Style 11 Premium Reference 11 Surround Sound II I SySt6m il 380hp,V8 ■r -^^■■■■■■■■^^^^^M I DuaIVVT-iEngine I H .^■^^^~""~"B9HBH I D4-S Direct Fuel If "-I—"M —WWW Injection BORNEO MOTORS (SINGAPORE) PTE LTD 33
      103 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M'sia current account surplus up 56% in Q2
      388 16  -  PAULINE NG But portfolio investments swing to a net outflow of RM24b from Q1 By in Kuala Lumpur MALAYSIA'S current account surplus continued to expand strongly in the second quarter of this year, growing almost 56 per cent to RM37 billion (5515.31
      388 words
    • Article, Illustration
      Lock icon Blogger detained under ISA for 2 yrs
      488 16 yIFT3 [KUALA LUMPUR] Malaysia's most prominent blogger has been ordered to spend two years in detention under internal security laws after being accused of insulting Islam, his wife said yesterday. Raja Petra Kamaruddin, a government critic and founder of the Malaysia Today website,
      yIFT3; AFP 7  -  488 words
    • Article, Illustration
      Lock icon Getting collecting down to a fine art
      785 16 Bloomberg [MAGELANG, Indonesia] Indonesian art collector Oei Hong Djien is planning his third museum. There is no room in his existing two galleries and house for more than a fraction of the 1,500 works he acquired over the past three decades. Mr Oei,
      – Bloomberg; BLOOMBERG  -  785 words
    • Article
      Lock icon Malaysia widens ban on China milk products
      192 16 ■AFP [KUALA LUMPUR] Malaysia has widened its ban on Chinese dairy products to include candies, chocolates and all foods containing milk, a top official said yesterday. Noraini Mohamad Othman, director of the health ministry's food safety and quality division, said scores of officials
      ■AFP  -  192 words
    • Article
      Lock icon Opposition starts transfer of power talks with govt
      263 16 AFP [KUALA LUMPUR] Malaysia's Opposition said yesterday that it has begun negotiations with the ruling coalition over a transition of power, after it claimed to have signed up enough defectors to topple the government. Prime Minister Abdullah Ahmad Badawi has refused to
      AFP  -  263 words
    • Article
      Lock icon Indofood in US$350m return to dairy sector
      242 16 Bloomberg [JAKARTA] PT Indofood Sukses Makmur, the largest noodle maker in Indonesia, has agreed to buy the parent of milk processor PT Indolakto for US$35O million to expand back into the dairy industry. A conditional sale-and-pur-chase agreement was signed on Monday with Pastilla
      Bloomberg  -  242 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Milk scandal reveals flaws in sourcing system
      591 17 Bloomberg Most companies buy supplies from unregulated farmers [BEIJING] China's tain-ted-milk scandal exposes flaws in how companies buy dairy products, meat and vegetables and raises concern about wider chemical contamination in the country's food industry, according to analysts and law firms. Most companies
      – Bloomberg; AFP  -  591 words
    • Article
      Lock icon China should step up investment in US: professor
      319 17 Bloomberg [BEIJING] China's investors should take advantage of a slump in US asset valuations to invest in the world's largest economy, said Ding Zhijie, finance professor and a former adviser to sovereign wealth fund China Investment Corp. The Standard Poor's 500 Index
      – Bloomberg  -  319 words
    • Article
      Lock icon China, India not able to take up US's slack yet
      638 17 -AFP Recent turmoil only shows that America remains the top global player [BEIJING] The global financial hurricane has swayed China and India only slightly, but the emerging Asian giants are not yet strong enough to drive a revival in world
      -AFP  -  638 words
  • Page 17 Advertisements
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      193 17 Tfl^ 'l^h/^fli'ilf^ /^J If I f'fl^ r/fivz-* v Kk j j j\^ y^J^J y -^j j>*~*jj y<M> jjj *gj j **nij jy*^ Get high on adventure in the new Grand Vitara 2.4LVVT! Discover sheer dynamism, exhilaration and comfort as you explore new and distant reaches of the world. Whatever the
      193 words
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  • INDIA
    • Article, Illustration
      Lock icon Indian art value seen rising in long term
      803 18 Reuters But it suffers from rapid buying, selling, making value difficult to predict [NEW DELHI] Indian art might be just the solution for investors seeking a safe haven at a turbulent time. Take a vivid landscape by avant garde artist Francis Newton
      Reuters; AP  -  803 words
    • Article
      Lock icon Firms can now borrow more from abroad
      293 18 -AFP They need additional funds to improve infrastructure [NEW DELHI] Indian companies building badly needed infrastructure, seen as key to economic growth, can now borrow more abroad, the government announced, to counter a domestic borrowing crunch. Firms working to improve dilapidated roads, gas,
      -AFP  -  293 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      204 18 LUAUKY I BiSESfiS J^ EXPERIENCE THE RACE, MINUS THE SWEAT Gear up for the first ever night race at Parkroyal! Indulge in *free flow of booze for two hours or try one of our specially concocted drinks. Unlimited Refuelling Package* E^W M ft^ —^^J Parkroyal on Beach Road, Club 5
      204 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Microsoft, HP, Nike in US$53b share buybacks
      542 19 -NYT Microsoft will also raise quarterly dividend by 2 US cents to 13 US cents [NEW YORK] Eager to project confidence in turbulent markets, Microsoft, Hewlett-Packard and Nike announced plans separately on Monday to buy back a combined US$53 billion of their companies'
      -NYT; AFP  -  542 words
    • Article
      Lock icon Iraq signs gas deal with Shell worth billions
      539 19 Reuters [BAGHDAD] Iraq signed a multi-billion-dol-lar natural gas deal with Royal Dutch Shell on Monday, the second major energy deal agreed with a foreign firm since the US-led invasion in 2003. Oil Minister Hussain al-Shahristani described the deal as an initial agreement
      ■ Reuters  -  539 words
  • Page 19 Advertisements
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      183 19 BjujS3gM^^«y BPjM Kv!MnV i^VSVP V9I Wl Pm I *HB Hr^^V ITIU I' UP I PBBWRBW fc*Tß t-'^l 39 mn nn Warn IBHFI IMil iiijJHinHlnlliilriiiiil u£j EPHir*^??JljTsV/ r/f£>S} A/?jr W f£^^m*m Vw TAKEAPITSTOPWITH lW? the racing fever brunch P* /I rf/* t <^f fl 1 "SW! t#ll/i BUFFET @ZENDEN >' '"Ift^^^^V
      183 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Aso eyes China critic for finance minister post
      463 20 Reuters [TOKYO] Japan's new leader, Taro Aso, may pick former trade minister and China critic Shoichi Nakagawa as finance minister, a newspaper reported yesterday, amid speculation of a November snap election. Mr Aso, an outspoken nationalist and advocate of tax cuts and
      – Reuters  -  463 words
    • Article
      Lock icon SWFs seen switching to asset managers
      619 20 Reuters Move would avoid controversy and diversify risk, say industry players [LONDON] Sovereign wealth funds, chastened by losses made from direct stake-building in failing western banks, are likely to channel funds through asset managers in future and avoid big ticket deals, industry players said.
      – Reuters  -  619 words
    • Article
      Lock icon Regulators playing with fire by banning short-selling: critics
      780 20 -Reuters FINANCIAL CRISIS WHAT NEXT? [NEW YORK] The world may be about to find out if short-sellers really are the scoundrels they are accused of being for exacerbating the current financial crisis. In the past few days, regulators in the US, Britain,
      -Reuters  -  780 words
    • Article, Illustration
      Lock icon Nomura buys Lehman's Europe, Middle East investment arm
      411 20 Reuters, Bloomberg This transaction will extend our European footprint and international reach, enabling us to realise our strategy of delivering Asia to the world.' Kenichi Watanabe, Nomura's chief executive [LONDON] Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking
      – Reuters, Bloomberg; AP  -  411 words
    • Article, Illustration
      Lock icon New York to regulate credit-default swaps
      609 20 -NYT Rules on swaps as insurance products kick in on Jan 1 [NEW YORK] Governor David Paterson said on Monday that New York would begin regulating credit-de-fault swaps, the arcane financial instruments that were little known outside Wall Street before the credit crisis. New
      -NYT; REUTERS  -  609 words
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  • AVIATION
    • Article
      Lock icon Airliner in near collision with small plane
      323 21 -AP [ALLENTOWN, Pennsylvania] A United Express flight had to brake and swerve at 225 kph to avoid, by about three metres, a small plane on the same Pennsylvania runway, airport and federal officials said on Monday. The flight crew of Chicago-bound Flight 7138
      -AP  -  323 words
    • Article, Illustration
      Lock icon Airport operators seen growing at 4%
      475 21 -Bernama Near-term growth expected to slow down but could pick up again in 2010 [BOSTON] Airport operators worldwide, including Malaysia, are on track to record an average growth of 4 per cent in the next 20 years, according to the Airports Council International (ACI).
      -Bernama; FILE PHOTO  -  475 words
    • Article
      Lock icon Alitalia up for sale again as investors bail
      540 21 -AP [MILAN] Alitalia has hung out a "For Sale" sign yet again. The bankrupt airline published a notice in four newspapers yesterday soliciting offers to buy any or all parts of the company's assets. The move comes as a group of Italian
      -AP  -  540 words
    • Article
      Lock icon Northrop tests airborne laser
      117 21 Bloomberg [BOSTON] Northrop Grumman Corp, the largest maker of unmanned aircraft for the US military, has demonstrated a high-altitude defence that could be installed on unpiloted drones to protect airports against shoulder-fired rockets. From heights exceeding 50,000 feet, the system successfully detected, tracked and directed a
      Bloomberg  -  117 words
    • Article
      Lock icon National Aviation seeks US$1.15b of loans
      244 21 Bloomberg [MUMBAI] National Aviation Co of India Ltd, the state-owned company that runs the carrier Air India, plans to raise US$l.l5 billion of loans to purchase new aircraft from Airbus SAS and compete with rivals including Jet Airways (India) Ltd. National Aviation wants rupee-
      Bloomberg  -  244 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2534 21 AIRLINE CODES: AA: American Airlines (AAL), AF: Air 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), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,534 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      325 21 CRYPTIC CROSSWORD 1 Dull group absolutely deter- _^J_^J_^J_^M_^J_^J_^J_ mined (4,3) *^M J^M 5 Ice cream put down in Ital- jj—^ ian house (7) f^M 9 Office worker given five I^B I^HI pounds, turning five into fif- rs—^ 10 Room in which a twister B^ 1^ may operate (5,4) 12 Special
      325 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon A wise decision on the ringgit
      500 22 MALAYSIA'S new finance minister, Najib Razak, has wisely ruled out re-pegging the ringgit to the greenback, an approach suggested by former prime minister Mahathir Mohamad. "I wish to categorically state that we have no intentions to re-peg the ringgit, now or in the future,"
      500 words
    • Article, Illustration
      Lock icon Steering surely through the financial storm
      991 22  -  RONNIE LIM German chemicals giant Lanxess is right on course on its 400 m euros Jurong Island project EVEN as global financial markets are sent reeling by the latest crisis on Wall Street, one important investor in Singapore is determined to remain on track.
      991 words
    • Article, Illustration
      Lock icon One bright spot in Bush's legacy: good China ties
      779 22  -  FRANK CHING THE BOTTOM LINE AS the world prepares to bid farewell to US President George W Bush in a few months, his foreign policy lies in tatters. Wars continue in Iraq and Afghanistan, a crisis looms in Iran, relations with
      779 words
    • Article, Illustration
      Lock icon What made the music stop
      1181 23  -  CHRIS MATTEN Segmenting risk into discrete "classes" and managing them separately does not work By m HAT has become known as the "credit crunch" has been with us for over a year now. Although it is always easier to be wise with hindsight, what is
      BLOOMBERG  -  1,181 words
    • Article, Illustration
      Lock icon The eerie parallels between Sept 11 and Sept 15
      1019 23  -  LEON HADAR US PRESIDENT George W Bush is standing next to his Cabinet's Alpha Male who has become the crisis manager. Mr Bush declares that America is facing a clear and present danger that is stunning in its proportions and calls
      1,019 words
    • Article
      Lock icon Naked short fine will create new problem
      320 23  -  Jimmy Ho Kwok Hoong LETTER TO THE EDITOR I REFER to the report "SGX deters naked shorts with disclosure measures" (BT, Sept 23). It is clear that the Singapore Exchange (SGX) is looking into curbing naked short-selling to remove its negative impact on
      320 words
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  • Page 23 Advertisements
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      64 23 Lianhe Zaobao I Smaller Chinese I broking firms I cut employees' wages t I to prepare for I stock market I "winter" KTjnNDTHEONESpTjn' V. r J THAT FIT! Recruit the right people i P*1 1 through CATS Recruit. > Call 1800 289 8822 or email 1 I J •-<>. recruit®sP'l-com.sg
      64 words
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  • SHIPPING
    • Article
      Lock icon Time to batten down the hatches
      756 24  -  DAVID HUGHES STRAIT TALK By ANY of those in the shipping industry old enough to remember the downturn after the oil shocks of the 1970s will also probably remember physically battening old wooden hatch covers. Before making an ocean passage, or when rough weather
      756 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 24 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.53 0.30 1.70 0.51 1.28 0.84
        107 words
      • Article
        Lock icon KLSE
        36 24 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings unch 8.30 8.25 3.10 3.10 0.10 unch unch -0.20 0.05 unch 0.14 unch unch 0 268 1597 308 15 81 0
        36 words
      • Article
        Lock icon BANGKOK
        12 24 '00 'recious Ship Regional Cont 15.80 13.60 -0.40 -0.10 1021 182
        12 words
      • Article
        Lock icon HONGKONG
        13 24 '000 iep^ Doil iingamas Cont .20.90 ...1.44 -1 40 0.04 1431 2416
        13 words
      • Article
        Lock icon PHILIPPINES
        21 24 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.90 25.50 unch 1.10 unch unch unch -0.10 396" 68" 14(
        21 words
      • Article
        Lock icon TAIPEI
        19 24 Evergreen Marine.... :irst Steamship /Van Hai Lines t'ana Mina Marine 16.35 47.60 14.50 ....11.90 0.40 0.60 0.30 -0.20
        19 words
      • Article
        Lock icon TOKYO
        42 24 '000 iep^ fen (awasaki Hvy Ind 234.00 7.00 ***** (awasaki Kisen 778.00 23.00 6672 Mitsubishi Hvy 483.00 -8.00 ***** Mitsui Eng&Sbldg ....227.00 9.00 ***** Mitsui Osk Lines 1132.00 41.00 ***** Mippon Express 496.00 -10.00 5675 MipponYusen 837.00 35.00 9792 source: Reuters
        42 words
    • Article, Illustration
      Lock icon Newcastle coal exports surge 25%
      213 24 Reuters [PERTH] Coal exports from Australia's Newcastle port surged 25 per cent from the previous week, port data showed yesterday, a sign of robust regional demand despite weaker index prices. Exports at the port, the world's largest coal export terminal, surged to 2.02 million tonnes
      – Reuters; BLOOMBERG  -  213 words
    • Article
      Lock icon Fleet's 'no contest' plea over oil spill denied
      410 24 Bloomberg The company's staff covered up details of the incident [SAN FRANCISCO] Noble Group Ltd's shipping unit, charged with falsifying documents to cover up its role in an oil spill in San Francisco Bay, lost its bid to resolve the criminal case
      – Bloomberg  -  410 words
    • Article
      Lock icon Dongkuk Steel to raise ship plate price
      269 24 Bloomberg [SEOUL] Dongkuk Steel Mill Co, South Korea's third-largest steelmaker, said it will raise prices of plates used by local shipbuilders by as much as 12 per cent to cope with higher raw-material costs. The price will be increased by 150,000 won a
      Bloomberg  -  269 words
    • Article
      Lock icon Aker yards in ship cost dispute in France
      222 24 Reuters [OSLO] Norwegian shipbuilder Aker Yards, which has been bought by South Korea's STX Shipbuilding said on Monday that it was in a dispute with Norwegian Cruise Line over the costs of a vessel project in France. The dispute relates to the
      ■ Reuters  -  222 words
    • Article, Illustration
      Lock icon US nuclear carrier set for uneasy welcome in Japan
      624 24 AFP [YOKOSUKA, Japan] Residents of this port city were bracing for the arrival of a controversial US nucle-ar-powered aircraft carrier, with some ready with iodine syrup in case of radiation exposure. The 97,000-ton USS George Washington is set to arrive tomorrow
      AFP  -  624 words
    • Article
      Lock icon China Int'l Marine buys 60% stake in TGE Gas
      93 24 Bloomberg [SHANGHAI] China International Marine Containers Co, the world's largest maker of shipping containers, said it completed the purchase of 60 per cent of Luxembourg's TGE Gas Investments SA for 20 million euros (Ss4l million). Shenzhen-based China International Marine bought the
      Bloomberg  -  93 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8829 25 Transaction date: Sep 23 52-wks Tel |h Low Code Last Sale Vol COOP) Hii Day Last Quote Div Gr Yld Net jh Low Buyer Seller C'vr P/E MCap $mil Hii Com[ >an] -5716 1st Software 16 4 3148 -Telecom 21.5 5 5834 A-Sonic 110 100 6389 ABFSG Bond
      8,829 words
    • Article
      Lock icon SGX CATALIST
      642 26 52-wks Tel |h Low Code Com[ Last Sale Vol COOP) Hi; Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap Hil 20 11.5 1181 s AAGrp 305 15 5000 sABR Hldgs 32 18 8538 s APStrategic 10 1.5 1501 s Advanced System 38
      642 words
    • Article
      Lock icon SGX XTRANET
      719 26 52-Wk Tel High Low Code Last Sale Vol C000) Day ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Com i ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 240
      719 words
    • Article
      Lock icon CLOB INTERNATIONAL
      811 26 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      811 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8675 26 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.82/ AIGIF Spore Bond Fund/A 1.301/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.76/ APS Alpha Fund (USD)! A 0.53/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.8696/ APS Komaba
      8,675 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      32 25 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. JB ;i, r 9 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. |tl Internet: Http://www.audemarspiguet.com B^^*^ I] |H
      32 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      380 27 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Sep22 World Index Preliminary 913.3 -1.3 -19.3 -1.9 -21.1 -0.8 -19.7 t EAFE Preliminai 857.8 -0.5 -23.5 -0.5 -25.3 0.6 -23.9 Euro[ Prelim inan 1175.9
      380 words
    • Article
      Lock icon PALM OIL
      61 27 Sep 23 lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low Oct 08 2351 \Jov 08 2400 3ec 08 2379 Ian 09 2405 fatal o/p: ***** contracts 2272 2379 2261 2275 2400 2269 2305 2404 2277 2321 2414 2292 Turnover: ***** Market tone:
      61 words
    • Article
      Lock icon STOCK INDEX FUTURES
      15 27 Sep23 STI IIMSCI Se 310.7 311.5 305.6 "aiwan Se 239 242.3 241.8
      15 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 27 Sep23 Bid Offer 1-month 1.4097 1.4111 2 months 1.4074 1.4089 3-months 1.4053 1.4069 6-months 1.3991 1.4012 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      150 27 Sep23 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.1881 1.1896 0.8414 0.8418 Canadian dollar 1.3630 1.3648 0.9653 0.9657 iuro 2.0792 2.0812 1.4724 1.4727 IZ dollar 0.9705 0.9727 0.6873 0.6883 jterlini ind 2.6158 2.6184 1.8524 1.8528 IS dollar 1.4121 1.4132 >$/US$
      150 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      283 27 Sen 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 96.7400 97.0200 96.9850 96.9150 ***** 6382 4540 3856 EUROYEN TIBOR FUTURES DecO8 99.125 99.125 MarO9 JunO9 SepO9 DecO9 Mar10 Jun10 Sep10 EUROYEN LIBOR FUTURES 99.125 99.125 99.170 99.165 99.080 99.015 98.905 98.855 98.810
      283 words
    • Article
      Lock icon SICOM FUTURES
      277 27 Sep23 tUBBER Futures (Closing prices) !SS 1 (S cents/kg) lonth High Low Close Sett Volume (tonnes) Open Interest 3d 08 Mov 08 Dec 08 Ian/Mar 09 <\pr/Jun 09 lul/Sep 09 406.75 405.00 402.50 401.00 402.50 404.00 RSS 3 (US cents/kg) Month Hig g|i Low Sett Volume (tonnes) Open
      277 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      122 27 As at 9am Sep23 )f foreign currency: lurrencies Bid Offer Mist dollar 1.1830 1.1970 .an dollar 1.3550 1.3710 luro 2.0740 2.0970 IZ dollar 0.9650 0.9860 iterlini ind 2.6020 2.6320 IS dollar 1.4010 1.4170 .ocal dollars to 100 units >f foreign currency: Currencies Bid Offer :hi renminbi
      122 words
    • Article
      Lock icon INTERBANK RATES
      184 27 Sep23 fer Bil Overnight 1-month 2-months 3-months Overnight mode: 2 ys$ 1 1/4 1 5/8 1 5/8 1 5/8 Offer 1 1/8 1 3/8 1 3/8 1 3/8 Bid 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 4.50 5.00 5.00 5.00 4.50
      184 words
    • Article
      Lock icon INTERBANK CROSS RATES
      449 27 Sep 23 iuro 'en (on 'eso lam 'ouni wstralia 0.872 5.741 0.572 6.536 38.659 78.437 0.890 9.667 2.869 1.224 65.805 39.181 1.189 6.710 0.911 26.873 28.408 0.454 0.842 Canada 1.147 6.586 0.656 7.498 44.350 89.983 1.021 11.090 3.291 1.404 75.491 44.948 1.364 7.697 1.046 30.829 32.590 0.521
      449 words
    • Article
      Lock icon PRECIOUS METALS
      138 27 Sep23 /oz) fe£ [ep Hong Kong 889.00 875.00 890.00 876.00 Sep 22 Sep 19 893.90 855.55 oqc en QC7 nc (SS) Selling Buying i~oz 1398.49 1259 UBS GOLD LUNAR KINEBAR (SS) Selling Buying (SS) Sellini Bu' .ondon Source: Reuters 10gm SILVER $490.06 Selling 402 Buying CAST BAR (SS)
      138 words
    • Article
      Lock icon SIBOR
      67 27 Sep23 mth 3.***** 1.***** mths 3.***** 1.***** mths 3.***** 1.***** mths 3.***** 1.***** mths 3.***** 1.***** 2 mths 3.***** 1.***** iWAP Offer rates (S$) mth 1.***** mths 1.***** mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs
      67 words
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      Lock icon GOVERNMENT SECURITIES
      90 27 Sep23 'eriod Issue code Maturity Yesterday's Bid Hi, Day's |h Low I-Month BQ*****N 26.12.08 -Year BY*****N 04.05.09 1.39 1.50 1.3 1.3 1.35 1.35 3OVERNMENT BONDS 'eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year NX*****T 4.625 i-Year N *****0V 1.625 '-Year N*****0S 2.875 0-Year NY*****A
      90 words
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      Lock icon LONDON METALS
      61 27 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 2495.20 2483.51 months 2548.00 2535.01 Copper, Grade A (US$/tonne) months 7276.00 7250.00 7085.01 7060.01 .ead (US$/tonne) :ash 1977.50 months 1990.00 1890.51 1900.01 lickel (US$/tonne) ]ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) iash months *****.00 *****.01 *****.00 *****.01 inc, Sped il
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      73 27 Sep22\ (£/tonne) Close Prev Hii ih/Low Dec 08 1513 1512 1535/1450 War 09 1539 1530 1555/1479 Way 09 1539 1527 1547/1513 ul 09 1548 1536 1554/1554 IOFFEE (US$/tonne) Close Pev High/Low iepO8 2125 2080 2124/2091 Mov08 2144 2095 2170/2116 Ian 09 2176 2129 2204/2151 SUGAR (US tonne) White Close
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      Lock icon CHICAGO BOT
      100 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 08 1205.00 1143.50 1212.00 1173.00 Jan 09 1222.00 1159.25 1227.00 1191.00 Mar 09 1236.50 1173.00 1242.00 1205.00 May 09 1247.00 1182.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low 3d 08 49.55 46.92 50.23 47.85 Dec 08 50.03
      100 words
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      Lock icon CRUDE OIL & PRODUCTS
      75 27 CRUDE OIL PRODUCTS Sep 19 origin! (/barrel Close Cham irent blend (1-Mth F) 96.41 2.67 WTI (Near Mth) 104.02 5.84 iubai (1-Mth F) 92.09 2.30 "apis blend 103.15 2.30 i/linas 97.60 2.30 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha let Kerosene 88.32 116.70 2.50 1.10 JS$/barrel )pec Oil Basket Price
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      Lock icon BONDS & WARRANTS
      851 27 BONDS WARRANTS Pel lode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- COOP) Ratio Price ing Left )092Asia Environment W*****4 7 1 100 1 38 120 2.93 11 lOHCapitaland BNP ECW*****8 4.5 lO15Capitaland BNP ECW*****2 3 Capitaland BNP ECW*****8 16.5 Capitaland MBL ECW*****2 11.5 Capitaland MBL
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      225 27 YAf I** a4'a AI Market Movers for Stock Index Futures: \f vk W I IO I I v I Key economic indicators such as unemployment rates, GDP, CPI, PPI, home sales, business jfl^^i j^ confidence and payroll figures etc. ■Ctfk^^-* /\Tt©r til© D@3l S wtdmo6o6 •Quarterly earnings or losses of
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      2613 28 The Business Times Shipping Times l^^^ff^J^^^^Bff^l^^^ffi^^^i^W WAN HAI INTERNATIONAL PTE LTD cr NO: M*****0000/r W^L X^A IS ■:faigMlWJm»f»k^WWffiaßMiHl TEL *****588 (MUNES) FAX:*****163 V •iF T W|fSJF^W WSSamm BSMSHJUS YAM 1 WAN HAI INpN Customer S«tvi<«/Bookin^ Direct Line (1800) *****200 m X a rf» 11 I"l.*lti* 11 MBMBrmSHSMB V, N^ VVnli
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      1164 29 RICKMERS-LINIE Round-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com USA Service Vessel I Vov I SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB I NEN I NYC I CPE Rickmers Tokyo 244 22/09 26/11 02/12 09/12 Rickmers Hamburg 245 10/10 14/12
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      1357 29 iTin EASTERN CAR LINER, LTD UL_*"__i SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I|mmjjjjj2jg^ y^~| RgmplKT) I Liltinq(KT) I MUA I PKL I SIN I PKL I LCB I JKT I I YUSHOCERRY 10 60 29/09 01/10 I COOL STAR 126 50 30/09 01/10 I ORIENT IRIS 101 35
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      781 29 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOY SIN PKL [MB NSA [MB SCI VIJAY 025W 30SEF 02 Og 06 OQ 08 OCT 13 OCT SCI KIRAN OISW 07QCT 09 OCT 13OCT 15OCT 200CT KOTAPAHLAWAN YPHO92 14 OCT 16 Og 20 OCT 22
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      5446 30 I II- J A MnCDCtSn Tel: 65-*****907 Fax: *****917 I >^™ lal nEI h Hi) A^P£ R£^y i.^^m—^.iasssawr. r& gwry navigation group I fe^SHlllßffiPlfHliiP^iliHii MMI Ml NORTH WEST EXPRESS LINE ®,£*m%k<*% «WS*l g^ MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS [laIES a« aHIVaI [laIES SINCE 1970 fc^fl I VESSEL I
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      1135 31 Asset management firm's chief tells his clients now is the time to stay put and find ways to invest long term, reports GENEVIEVE CUA STOCK markets are in the midst of a "very large capitulation", creating "very big opportunities" for long-term investors, says Blackßock chairman
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      Lock icon Global recession risks 'not insignificant'
      1505 32  -  CHEW SOON GEK Uncertainties likely to continue for a while as the market has not fully priced in the possibility of a slowdown SINCE June there has been a noticeable slowdown in the world economy. The trends have intensified and are likely to last into
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      Lock icon US retirees hardest hit by financial turmoil
      1069 33 NYT They have less savings, longer life expectancies and greater exposure to market risk [NEW YORK] Older Americans with investments are among the hardest hit by the turmoil in the financial markets and have the least opportunity to recover. As companies have switched
      NYT; FILE PHOTO  -  1,069 words
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      370 31 You can see dark cloud cover even on a sunny day. J\J ii' V v A Dark Cloud Cover market reversal pattern is a sure sign that an uptrend is over. The potential to benefit Why open a SAXO account today? from trends like this is a true mark of
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  • Page 31 Miscellaneous
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      65 32 Mazda 6.20 L V-grade 2 x Emirates Business to London! with 2-night accomodation and match tickets to watch Arsenal live in action! Participant Fee: $200 nett Format: Texas Scramble Register NOW at: www.singaporepools.com.sg/golf2ooB Closing Date: 25 Sep 08 Enquiries: 6786 6688 (Bam 9pm daily) To find out about PoolzConnect, visit:
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      684 33 ftujr Ministry of Trade Republic of Indonesia National Agency For Export Development NAFED V^ Indonesian-Made Creations Here Visit us at THE 23 rd TRADE EXPO Exhibition Trade Expo Forum Product Presentation Networking Reception Indonesian Iconic Pavilion N——— TRADEXPO TT SERVING C 3 globalmarket Indonesia October 21-25, 2008 Jakarta International Expo
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      186 34 SB 1 I itTri, ijgyr /our satisfaction is our greatest reward At HSBC we constantly strive to satisfy our customers by investing in our people, processes, and technologies.The various public awards we receive naturally make us proud. But nothing gives us more pleasure than satisfying over 100 million customers across
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