The Business Times, 1 November 2008

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Total Pages: 49
1 49 The Business Times
  • 14 1 weekend THE BUSINESS TIMES NOVI-2, 2008 I Ssl.oo mS*At-i SPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg
    14 words
  • Article, Illustration
    954 1  -  Teh Shi Ning Listed companies get that shrinking feeling as market cap falls to 3-year low By tshining@sph.com.sg Singapore TT has been more than three years since the companies listed on the Singapore Exchange felt so small and they can blame October's massive sell-offs for this. The month
    REUTERS  -  954 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 127 1 J MOTORING RAFFLES CONVERSATION WEALTH Nli^ The sensational AIRLINES READY Still notthe season for IliH. V Maserati I L2O FOR TURBULENCE 18-9 bottom-fishing 1 30-31 IN DEEP FREEZE Govt suspends land sales CONFIRMED List sales put on hold for first half of next year while ban on converting office space
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  • TOP STORIES
    • MARKETS
      • 47 2 KL COMP 863.61 +10.05 NIKKEI 225 8,576.98 -452.78 HANG SENG 13,968.67 -361.18 SET 416.53 +8.22 JAKARTA 1,256.70 +82.84 MANILA 1,951.09 +86.16 KOSPI 1,113.06 +28.34 SHENZHEN B 222.99 -3.65 MUMBAI IND 9,788.06 12 nnnn EDT +743.55 Chnngrp 12 noon EDT DOW 9,263.28 Change +82.59 NASDAQ 1,714.73 +16.21
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      • 29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 6,72 HONG KONG 5,25 INDONESIA 16,739 TAIWAN 6,316 JAPAN 1,875 KOREA 9,33 BRITAIN 4JJO US 4,00 CANADA 4,00 SWITZERLAND 2,55 INDIA 13,75 Source
        – Bloomberg '  -  29 words
      • 43 2 US: US: 1.48: 'US: 1.618 2.4W EURO(US$/S$/E) 1.271 Foreign currency per US$. S$ 1.885 YEN 97.20 65.50 RM 3.558 2.399 HK$ 7.752 5.226 BAHT 35.03 23.62 RUPIAH 11,050 7,450 RENMINBI 6.841 4.612 INDIAN RUPEE 49.44 33.33 A$ 1.515 1.022 NZ$ 1.730 1.167
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    • 378 2  -  Shah Alam AP, Reuters, Bloomberg Prosecution failed to establish case: Court A COURT acquitted a close friend of Malaysia's deputy prime minister yesterday of abetting the murder of a Mongolian woman in a ruling that revived opposition claims of political interference in the judiciary.
      AP, Reuters, Bloomberg; AP  -  378 words
    • 755 4  -  Anthony Rowley BOJ slashes policy lending rate to 0.3%, its first in 7 years in bid to fend off recession Tokyo THE Bank of Japan's policy board made a grudging gesture towards concerted global monetary easing yesterday by agreeing to lower its policy lending rate
      REUTERS  -  755 words
    • 457 4  -  Larry Wee By larry@sph.com.sg Singapore THE Bank of Japan (BOJ) short-circuited a promising Thursday recovery in currency markets when it announced a smaller-than-expected 0.2 per cent interest rate cut to 0.3 per cent yesterday, taking both the US dollar and Japanese yen much higher
      Reuters  -  457 words
    • 1195 5  -  Leon Hadar Obama set to become America's 44th president By btworld@sph.com.sg Washington UNLESS there is something horribly wrong with the way the leading pollsters have been measuring the opinion of American voters and barring something very dramatic happening, Democratic presidential candidate
      REUTERS  -  1,195 words
    • 877 6  -  Siow Li Sen UOB offers tepid Q3 results and warns of bleak outlook By lisen@sph.com.sg Singapore BANK stocks plunged yesterday as the United Overseas Bank (UOB) offered up not just sombre results but also a bleak outlook of the days ahead. UOB said
      877 words
    • 590 6  -  Uma Shankari By shankari@sph.com.sg Singapore CAPITALAND, Singapore's largest developer, yesterday said that net profit for its third quarter ended Sept 30, 2008 fell 25.6 per cent to $419.4 million, from $563.9 million a year ago as home sales fell. Revenue in
      590 words
    • 686 7  -  Genevieve Cua Competition for alpha returns will thin, opening up opportunities for managers By gen@sph.com.sg Singapore RETURNS from hedge funds and other actively managed funds are poised for a "golden age" over the next six to 12 months, even as asset inflows slow
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  • Page 2 Miscellaneous
    • 69 2 fleflaflß NEWS LIVING Top stories 2,4,5,6,7 Dining L2-5 Raffles Conversation 8,9 Entertaining L6 Week In Review TO The CEO Column V[ A'\ Companies 12-15 Vpp Singapore 16-17 P^S^C^ Letter From Abroad 18 Weekend With L7 World 19-22 Travel LB-9 Stocks stats 23-27 Home Garden LlO-11 Perspective 28-29 Shopping Ll2-14 Wealth
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  • Page 3 Advertisements
    • 446 3 HI EEQ Enjoy 10% rebate* on daily expenses with your DBS American Express® Card. Save more when you charge to your DBS American Express Card at petrol stations and supermarkets*. For motorists, enjoy up to 14.5% A off your petrol bill with this additional 10% rebate on top of existing
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  • Page 7 Advertisements
    • 67 7 WE CELEBRATE OUR GROUP'S 35TH ANNIVERSAIJtf with the launch of our PCC3SOOSL-11, 350 Ton Super-lift Crawler Crane. M PDWERPLUS.THE KING OF CRANES M igPj For more details, visit our corporate website www.powerplusgroup.us f&a A destination not to be missed! if B$N Come see us at booth F3BA y m% ~~K~r-
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  • THE RAFFLES CONVERSATION
    • 1529 8  -  Yen Sreenivasan Embraer president Frederico Curado believes the airline industry is now better prepared to deal with economic turbulence. FREDERICO CURADO President and CEO, Embraer 1961: Born in Rio de Janeiro, Brazil 1984: Started career as manufacturing engineer at Pratt Whitney Canada, working on
      YEN MENG JIIN  -  1,529 words
    • 619 8 BRAZIL is more than just about football, samba, forests, beach parties and carnivals. "Brazil is a country with a long established industrial base," says Mr Curado. "Our industrialisation started way back in the *****." And Embraer's history is a microcosm of the nation's industrial history,
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    • 74 8 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 are rated
      74 words

  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • 78 9 PRICES for some luxury and high-end projects launched in 2006 and 2007 have come off their peaks by up to about 26 per cent, anecdotal evidence shows. Data compiled for The Business Times by property firm DTZ shows that at selected high-profile upmarket
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      • 78 9 EMERGING market economies, including some in Asia, face a "downward spiral of financial market de-leveraging" as a result of the global financial crisis, according to Citibank president and chief executive William Rhodes. With the reversal in private capital flows to emerging markets,
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      • 100 9 EUROPEAN stock markets fell heavily last Monday after the Nikkei index in Japan closed at its lowest in 26 years as the financial crisis raised recession fears and drove up the yen, piling the pressure on the country's exporters. Tokyo's Nikkei 225
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      • 46 9 THE Group of Seven (G-7) finance ministers and central bank governors on Monday took the unusual step of singling out the yen in an emergency statement in which they warned about the dangers of wild swings in exchange rates.
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      • 96 9 THE full scale of the global financial crisis is yet unknown, but this much seems clear virtually no sector in Singapore will escape unscathed, the Monetary Authority of Singapore (MAS) reckons. Singapore's GDP growth expected to plummet to around 3 per cent this
        96 words
      • 63 9 MALAYSIAN conglomerate YTL Corp on Tuesday took over the Macquarie Group's entire interest in Singapore-listed Macquarie Prime Reit in an all-cash deal worth $285 million. YTL said it was paying 82 cents a unit for 247.1 million units in the Reit,
        63 words
      • 59 9 THE global shipping industry is headed for a situation "never seen before" and the US$35 million profit that Neptune Orient Lines (NOL) still managed to turn in for the third quarter will likely turn into an operating loss in the current quarter,
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      • 72 9 ASIAN currencies rallied on Thursday on news of more rate cuts overnight, but the biggest relief came from the cut that Tokyo was expected to unveil yesterday. The possibility that Japan will trim its already rock-bottom 0.5 per cent interest rate halted the relentless
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      • 91 9 ONCE again, the International Monetary Fund finds itself defined by crisis. In the space of just five days, the IMF has approved some US$35 billion in emergency loans to three countries Iceland, Ukraine and Hungary and several others, including Pakistan and Belarus, have asked
        91 words
      • 34 9 NOL boss Ron Widdows has warned that the US$35 million profit the firm managed to turn in for Q3 will likely turn into an operating loss in the current quarter FILE PHOTO
        FILE PHOTO  -  34 words
  • Page 9 Miscellaneous
    • 253 9 CRYPTIC CROSSWORD SATURDAY with Ludwig damage (6) goal accepted by General j j- /o n to r^TT 1] 1 o>?rii.:inoinj i... o 8 J t^^-., /v 4-u I I ***** I I I 18 Factory conceals news of """"I -^<2 io Catcn ones breatn and IB H f i^T -i
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    • 68 9 NEXT WEEK Nov 3-7, 2008 US DATA Nov 3 Sept construction spending Oct ISM Index Nov 4 Sept factory orders Nov 5 Crude inventories Nov 6 Initial jobs claims Nov 7 Oct unemployment rate and earnings Oct nonfarm payrolls COMPANY RESULTS Nov 4 Sembcorp Marine ST Engineering Singapore Food Industries
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  • FROM THE DESK OF
    • Article, Illustration
      1286 10 Asia should leverage on the fact that its people and companies are comparatively debt free, and unlock its innate spending and investment power for the benefit of the region VShankar Member-group management committee Standard Chartered Bank WE are witnessing the greatest global financial upheaval in almost eight decades
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  • COMPANIES
    • 525 11  -  Ong Boon Kiat 'Temporary salary reduction' of 5-20% for staff of Singapore foundry By boonkiat@sph.com.sg Singapore CHARTERED Semiconductor Manufacturing, which is facing slowing demand, reported a third-quarter net loss of U5524.4 million yesterday, falling from a net profit of US$ll4.B million in the
      FILE PHOTO  -  525 words
    • 297 11  -  Vincent Wee By vincewee@sph.com.sg Singapore SHIPPING trust Rickmers Maritime continued to deliver consistent and on-target results with third-quarter charter revenue almost doubling and net profit rising 15 per cent. The three months ended Sept 30, 2008, saw charter revenue rising to U5526.5 million
      297 words
    • 532 11  -  Samuel Ec 'By samuelee@sph.com.sg Singapore HIGHER train ridership, as well as its rental and advertising business, helped propel SMRT Corp's net profit forward by 7.7 per cent to $42.56 million for the second quarter ended Sept 30,2008, compared with the same period a
      532 words
    • 360 12  -  Oh Boon Ping Firms facing financing issues as banks turn cautious in lending amid crisis By huwenbin@sph.com.sg Singapore TT INTERNATIONAL and Fastech Synergy have become the latest victims of the credit crunch, as both have run into financing problems. In a statement, TT International
      360 words
    • 202 12  -  Emilyn Yap By emilyny@sph.com.sg Singapore ASCENDAS India Trust (a-iTrust) is embarking on a $62.7 million expansion of its IT park in Chennai to meet demand for business space in the Indian city. Construction at the International Tech Park Chennai (ITPC) will begin this month
      202 words
    • 368 12  -  Oh Boon Ping By huwenbin@sph.com.sg Singapore THE spate of profit warnings continues this week with Eagle Brand Holdings and China New Town Development expecting losses in the third quarter of FYOB. In a stock exchange filing, Eagle Brand said it forecast a net loss in
      368 words
    • 1075 13  -  Pauline Ng DEAL IN FOCUS YTL may step up its overseas forays and add to assets. Kuala Lumpur FOLLOWERS of YTL Corporation must have felt a sense of deja vu earlier this week when the Malaysian conglomerate said it had acquired a slice of prime
      FILE PHOTO  -  1,075 words
    • 572 14  -  R Sivanithy STOCKS It manifests itself prominently in the banking sector sivan@sph.com.sg Senior correspondent THE past week provided the perfect illustration of something that's often sorely lacking in the stock market. We're speaking, of course, of a wide range of differing opinions from
      572 words
    • 113 14 VOL CLOSE ;olden 83,665 19 1.0 5.6 JobleGn 80,239 104 18.0 20.; Eosco Coi 74,041 77.5 2.0 2.( Indoy 49,334 50.5 8.5 20.; Ehina Honi cire 40,516 18 0.0 0.0 38,472 18.5 2.0 12.1 iini ;Tel 37, ,269 243 0.0 0.0 SembMar 31,943 178 9.0 5.3 Ezra
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    • 57 14 CLOSE BY CENTS UP IMH 2350 160.' 4.8 DBS Bk 6% NCPS 10 9720 140.0 1.5 UOB 5.05%NCPS 100 8500 100.0 1.2 ISH 1194 86.0 5.' OCBCCai >.1%NCPS100 8060 50.0 0.6 SIA 200 1142 44.0 4.0 Creative Tech 300 41.0 15.8 MOIL 128 37.' 24.3 OUE 1250 30.0
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    • 49 14 BY CENTS CLOSEDOWN MProi 640 -451.2 -78.7 IOB 1302 -62.0 -4.5 IBS Gri 1102 -48.0 -4.2 IBS MBL iCW*****3 123 -43.0 -25.9 \sia Pac Brew 1010 -40.0 -3.8 :it> 630 -35.0 -5.3 China H 10US$ 853 -32.6 -2.5 iTI2250DBePW*****2 99 -29.0 -22.7 )CBC Bk 490 -25.0 -4.9
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    • 113 14 tod name lose lam litaLand 2.850 litaMall 1.900 +0.080 :ityDev 6.300 -0.350 :osco Corp 0.775 +0.020 IBS Gri 11.020 -0.480 :&N 2.730 -0.110 lent Intl 0.360 -0.015 iolden Agri 0.190 +0.010 IK Land 2.660 +0.190 IMH 23.500 +1.080 ISH 11.940 +0.580 lardine C&C 9.260 -0.040 lei Con 4.480
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    • Business briefing
      • 99 14 CHINA Kangda Food Company, the country's largest exporter of rabbit meat to Europe, said that net profit rose 5.9 per cent to 32.9 million yuan (557.15 million) for Q3 2008. The company said that revenue increased 28 per cent to 244
        99 words
      • 80 14 ASIA Pacific Breweries has announced that wholly owned subsidiary DB Breweries has agreed to sell its 100 per cent stake in Liquorland Limited to Foodstuffs Liquor New Zealand for NZ$4.7 million (554.08 million). This has been paid in cash following the
        80 words
      • 75 14 HOTEL Plaza has agreed to acquire from holding company UOL Group all the Pan Pacific operations for $21.3 million. The assets comprise the entire issued share capital of Pan Pacific International Pte Ltd (PPI) and the entire issued share capital of UOL
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  • Page 12 Advertisements
    • 255 12 RICKMERS MARITIME (Registration Number: *****03) (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will be closed at 5.00 p.m. on 17 November 2008
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  • Page 14 Advertisements
    • 388 14 Xg^NOTICES THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF ECI MINERALS PTE LTD CO REG NO: *****1404 C MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of ECI Minerals Pte Ltd convened and hefd at 7500 A Beach Road #16-322 The Plaza Singapore *****1 on 25 October 2008,
      388 words
    • 269 14 I ANSAR BIZ CENTRE I located at Menura Anwir .ILS •Fully furnished fitted office •Prestigious office address •Dedicated telephone line -Administrative support •Unlimited Broadband access •24 hours card controlled access "Private mail box •Beside Puteri Pacific Hotel contact us 07-218 5000 email: info®dbizcetttre.comjny In the Matter of the Companies Act,
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  • SINGAPORE
    • 660 15  -  Chuang Peck Ming But jobs creation set to slow sharply in next few quarters as crunch hits key projects: analysts By peckming@sph.com SINGAPORE'S unemployment rate has stayed unchanged in September, even as employers are starting to feel the pinch of the
      660 words
    • 227 15  -  Chen Huifen By xuifen@sph.com.sg AFTER decades of planning and years of design and construction, the Marina Barrage was finally opened yesterday. Marking an important milestone in Singapore's water story, the barrage creates a reservoir that collects rainwater from the largest catchment in Singapore
      ALBERT SIM^HE STRAITS TIMES  -  227 words
    • 269 15 SENTIMENT has tanked, pretty much across the board among manufacturers, and most in the services. Only those in the catering business are highly upbeat about the six months to March in anticipation of festive feasting. The Economic Development Board's poll
      269 words
    • 653 16  -  Ronnie Lim Construction of phase-1 plant of the Ss3b solar cell project is well underway, says CEO By ronnie@sph.com.sg WHILE the sun's still out, Norway's Renewable Energy Corporation (REC) which has started building in Singapore what will be the world's largest solar cell
      FILE PHOTO  -  653 words
    • 375 16  -  Nisha Ramchandani By nishar@sph.com.sg DESPITE the volatile market and uncertainty in the aviation industry, budget carrier Tiger Airways still remains upbeat on growth and will fine-tune its network as well as capitalise on opportunities in order to navigate through tough times. Speaking
      375 words
    • 243 16 STANDARD Chartered Bank (SCB) has commissioned Australian design firm Woodhead to carry out the interior design for its relocation to two new premises in Singapore. The two premises Changi Business Park and Marina Bay Financial Centre cover some 62,000 square metres with an option for a
      243 words
    • 138 16 STARTING today, all suppliers billing the government will need to submit their invoices electronically. The integrated e-Invoice system is another initiative of Singapore's Integrated Government 2010 (iGov2010) Masterplan, which seeks to extend the reach and quality of Government e-services. The system will enable suppliers to submit
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  • LETTER FROM ABROAD
    • 1072 17  -  Tan Peng Kok LETTER FROM CHENGDU General manager, Chengdu branch OCBC Bank (China) Ltd CHENGDU, home to the giant pandas and numerous famous scenic spots (Jiuzaigou, Mount Ermei, Huang Long Valley, to name a few), is where I currently reside. My boss first broached the subject of
      1,072 words

  • BT Living
    • 68 18 Intimate gatherings with family and friends, a spruced up wardrobe, a favourite chair rediscover the joys of home as the economy winds down and loud and excessive parties become a thing of the past. It's time to take a fresh look at your own back yard,
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    • DINING
      • Article, Illustration
        458 19  -  Audrey Phoon They're comfortable, cost-effective and a cunning alternative to lavish venues so go ahead and invite your guests to one of these chic pads. 35 Artillery 35 Artillery Avenue, Sentosa S 6279-1123 TO get to 35 Artillery, follow a winding road until you run into a cluster
        458 words
      • 406 19 OrcharchScotts 5 Anthony Road *****-8688 AS if the designer fittings in all of its 206 apartments weren't enough for its residents, Orchard:Scotts also places a dining room at its guests' disposal that can be booked for private events. It's a facility that's not to be
        406 words
      • 435 19  -  Forest Leong kkjjgang asingnet.com.sg IN a Jurong West penthouse, a dozen friends perform a cutlery concerto as they scrape the last of their dessert glutinous rice with mango from their plates and debate whether to set up a mahjong game or pull out the
        435 words
      • 479 20 Aqua by Grandstand Merchant Loop [until December] *****-6208 ANOTHER comfortable, intimate venue that won't have you feeling all at sea is Aqua by Grandstand, a mobile bar (it can be packed up and moved to, say, your garden in 24 hours) that resembles a yacht and
        479 words
      • Article, Illustration
        1232 21  -  Jaime Ec A wide selection beckons when it comes to gourmet takeaway. A MEAL at home doesn't have to require hours of preparation and fussing about whether your culinary efforts will pass muster in the eyes of your dinner guests. If there is the art of creative
        YEN MENG JIIN  -  1,232 words
    • ENTERTAINING
      • 983 22  -  Audrey Phoon guest chef Three-star Michelin chef Gerard Boyer believes in a no-fuss, no-frills approach to culinary excellence. By GERARD Boyer knows how to make a house a home. Indeed, he knows how to make a chateau a home. Formerly the owner-chef of Les Crayeres, a beautiful 18th
        YEN MENG JIIN  -  983 words
    • WEEKEND WITH
      • 987 23  -  Cheah Ui-Hoon LIM KEOW WAH SHIP CHARTERER EXXON MOBIL For this avid bonsai grower, the miniature trees that he shapes are unfinished pieces of art that change over time. LANDSCAPE in a pot penjing in hanyu pinyin is what the Chinese call the art of miniaturising trees. It's
        PHOTOS BY YEN MENG JIIN  -  987 words
    • TRAVEL
      • 1008 24  -  Amanda de Guzman Lingerie label Sabbia Rosa is a favourite with celebrities and Sabbia, an elegant octogenarian, will mend a customer's torn nightgown by hand though the quality and service come at a high price. Paris's Left Bank's charm and flair make up for what
        AYLA HIBRI AND GALERIE PIECE UNIQUE  -  1,008 words
    • HOME & GARDEN
      • Article, Illustration
        1089 25  -  Corinne Kerk design An armchair makes a statement that speaks volumes about the style and design of your house. FOR what is supposed to be the most comfortable seat in the house, the armchair, "a chair with side structures to support the arms or elbows", has a rather
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    • SHOPPING
      • Article, Illustration
        1349 26  -  Melissa Lwee Revitalise neglected pieces and give your wardrobe an update. BEFORE lamenting that the financial meltdown is putting a dent on your carefree shopping habits, the good news is you can still go shopping in the comfort of your own home. No, not shopping on the Internet,
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      • 558 26  -  Melissa Lwee HE's known as the king of "jewels for the home", but Jay Strongwater only fell into home furnishing design by accident. Originally a jewellery designer, his foray into the world of home furnishings was established in 1994 when he designed a filigree picture frame
        558 words
    • GADGETS
      • Stay-at-home fun
        • 311 27 AS usual, the heart of any home theatre system is the television. Samsung's latest Series 8 LCD TVs ($5,999 for 46 inches) have just hit the market, and they continue Samsung's commitment to keeping their TVs both cutting edge and value for money. Now that
          311 words
        • Article, Illustration
          64 27 PIONEER just launched its new line of Blu-ray players, and the top-of-the-line LX9I should be available in stores soon. When the LX9I initially becomes available, it won't have BD-live ability yet, but a free software upgrade will take care of that. It has impressive specifications, like a 14-bit
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        • Article, Illustration
          140 27 YOU'LL need speakers not just the run-of-the-mill stereo music kind, but at least a 5.1 channel setup, which means two side speakers, a centre speaker, two rear ones and a subwoofer. Sony takes the confusion out of choosing individual speakers by offering its HT-***** package ($799). It gives
          140 words
    • HEALTH
      • 1202 28  -  Cheah Ui-Hoon There's no need to check into a spa to enjoy the benefits that essential oils, flowers and Chinese herbs can offer. uihoon@sph.com.sg By PREVENTION better than cure is one of those things that begins at home. Think of the herbal soups that grandmother (especially if
        FILE PHOTO; YEN MENG JIIN  -  1,202 words
    • GOLF
      • 1153 29  -  Justine Moss Golfing events may feel the pinch from the global financial meltdown as MNCs think twice about event sponsorships. PROFESSIONAL sport has not been spared in the fallout from the global financial meltdown. And golf, especially, could be hit, as multinationals tighten their purse
        BERITA HARIAN FILE PHOTO  -  1,153 words
    • SPORT
      • 891 30  -  Anna Teo no holds barred By NEVER mind the daily spin about the unending crisis or the unending battle to take over the White House. For some 38,000 Americans (and assorted others), the buzz of the past couple of months culminates tomorrow in a big run
        BLOOMBERG FILE PHOTO  -  891 words
    • MOTORING
      • 846 31  -  CY Chew Audi's latest S4 may have a smaller engine capacity than the outgoing model but it is still brawny and is 27 per cent more fuel efficient. CV Chew N today's gloomy economic climate, lots of companies are downsizing and trying to do more with less.
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      • 689 32  -  Samuel Ec fl watch By samuelee@sph.com.sg WE all know Lewis Hamilton is fast. But tomorrow, in the last Fl race of the season, he may go one step better and teleport himself to victory. Yes, young, precocious and oh so talented Lewis could
        689 words
      • Article, Illustration
        685 33  -  Samuel Ec With just one letter suffixed to its long name, the Maserati GranTurismo S has been transformed from Italian housewife into Italian sex bomb. By v m HEN the Maserati GranTurismo was introduced early last year, the beautiful coupe also unveiled what is arguably the most sensuous looking
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  • Page 18 Miscellaneous
    • 43 18 dining New concept home parties L2-4 shopping Closet gems Ll2-13 GOLF Sponsorship issues Ll6 travel Paris's Left Bank LB-9 gadgets Stay-at-home fun Ll4 NO holds barred NYC marathon Ll7 home garden Sitting pretty LlO-11 health Home therapies Ll5 motoring Maserati's sex bomb L2O
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  • Page 20 Advertisements
    • 755 20 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant Sens in Montpellier, this former right-hand Peach Blossoms, Level 5 Pan Pacl"c Singapore Level 35, Grand Tower man to the Michelin star twin chefs a 6845 1111 Plated Indulgence Meritus Mandarin Singapore Jacques and Laurent Poucel is set to take Weekend Dim
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  • Page 24 Advertisements
    • 75 24 BRILLIANT FEATURES: High performance and balance of 3000 lumens with a 2000:1 contrast ratio True-to-life colors of DLP® with Brilliant Color™ technology Display Link content-over-USB for fast setup Lite Touch™ control LfnFocus The Big Picture HOW TO ZAP: Download software by SMS-ing the word "zap" to *****. Zap the code
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  • WORLD
    • 752 34 Reuters What's needed is a hefty infrastructure spending programme to boost commodities demand, as slowing exports affect growth Beijing/Singapore CHINA'S third interest rate cut in six weeks will be much less of a boost to commodities demand in the world's fastest-growing consumer
      Reuters; REUTERS  -  752 words
    • 343 34 Reuters Beijing A BRITISH scrap metal trader says he was abducted and held for several days by his Chinese customers in a type of business dispute that could increase as falling prices tempt companies to default. Anil Srivastav of Goldarrow Metals Ltd said he was
      Reuters  -  343 words
    • 253 34 Reuters Kuala Lumpur MALAYSIA cut the price of petrol yesterday, reducing the pump price for unleaded by 6.5 per cent and for diesel by 6.8 per cent after global crude oil prices fell. The price of petrol was cut to RM2.15 (550.90) a
      Reuters  -  253 words
    • 504 35 Bloomberg Foreign firms could own as much as 49% in local insurers, up from 26% now New Delhi INDIA'S cabinet has approved legislation that will allow companies such as American International Group Inc and New York Life Insurance Co to own
      Bloomberg; AFP FILE PHOTO  -  504 words
    • 526 35 LAT-WP Beijing DESPITE fears to the contrary here, China and its burgeoning economy have never become a major issue in the gruelling American presidential election campaign. As a result, Chinese observers are watching a small appearance in the final days of the campaign with
      LAT-WP  -  526 words
    • 370 35 Bloomberg Geneva WORLD Trade Organization judges reversed a ruling that Indian duties on US alcohol imports don't discriminate against products such as Brown-Forman Corp's Jack Daniels whiskey, backing the Bush administration's appeal. The US lodged its complaint with the Geneva-based trade arbiter in
      Bloomberg  -  370 words
    • 536 36 AP LATEST US DATA Wages, benefits in Q3 rise by a moderate 0.7 per cent, matching the gains in the previous two quarters Washington CONSUMER spending in the United States dropped in September by the largest amount in more than four years,
      AP  -  536 words
    • 581 36 Bloomberg London BARCLAYS pic, Britain's sec-ond-biggest bank, will raise £7.3 billion (5517.6 billion) by selling securities to investors, including funds in Abu Dhabi and Qatar, to restore capital without tapping the UK's bailout plan. Barclays will sell £5.8 billion
      Bloomberg  -  581 words
    • 614 37 The company does not want to accept any conditions on online ad sharing that antitrust officials may impose San Francisco GOOGLE may announce by the middle of next week it is dropping its proposed merger with Yahoo because it is reluctant to
      AFP  -  614 words
    • 345 37 Reuters, NYT Bangalore TROUBLED financial giants getting cash infusions from the US Federal Reserve owe their executives more than US$4O billion for past year's pay and pensions as of the end of 2007, the Wall Street Journal said in an
      Reuters, NYT  -  345 words
    • 226 37  -  Nisha Ramchandani By nishar@sph.com.sg Singapore MALAYSIA Airlines (MAS) may cut capacity again to combat flagging travel demand. "If things get really bad, we will review capacity one more time," CEO Idris lala was quoted as saying in a Bloomberg report. "If there's
      226 words


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    • 136 36 A WATS RECRUIT Nlan corporate advisory nlan Corporate Advisory is a boutique corporate restructuring and advisory firm based in Singapore. We serve a wide range of local and global clients. Our capabilities and the services we provide include: Complex Corporate Restructuring; Corporate Advisory (mergers acquisitions, business valuations etc); and Investigation
      136 words


  • SGX
    • 9028 38 SZ-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld C'vr Net P/E M Cap $mil 4 3 3148 8Telecom 9 3 5834 A-Sonic 10 100 6389 ABF SG Bond ETF !1 6 1938 AEI Corp J>
      9,028 words
    • 1759 41 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      1,759 words
    • 48 41 Up Down Unch 6 4 6 Up Down Unch 0 0 0 Up Down Unch 6 4 6 lulti Ind lanui Fact :unni ■ommerce -inance .onst ruction Ibtel Ists >ervices led ias/ TateF linini larr Active counters with no volume for todai are not included
      48 words
    • 47 41 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 55,368 55,368 88,512 88,512 lanui Facl :unm .ommerce -inance .onst :rud :ion 3foj jerties Totel Ists >ervices led jas/ ler Icul ire iiiarr Sing foreign stocks. Value calculated using Monday's exchange rates.
      47 words
    • 853 41 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 28 Trans Date Shareholder/ Director Sell Conv Shares '000 Per ShrS Before (TOO) After ('000) Trans Date Substantial Shareholder/ Director Buy Sell Cony No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) itock Stock Lian Beng
      853 words
    • STOCK MARKETS
      • 3 42
        3 words
      • 3 42
        3 words
      • 4 42
        4 words
      • 363 42 Oct30 dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 704.6 2.2 -37.7 0.6 -39.1 2.2 -40.5 EAFE Preliminai 670.8 3.2 -40.1 1.5 -43.5 3.2 -44.8 Euroi Preliminai 928.6 1.0 -39.8 -0.8 -46.5 0.9 -47.7 Pacific 570.6 7.8
        363 words
      • 4 42
        4 words
      • Article, Illustration
        2 42
        2 words
      • 150 42 Oct3l\ Against S$ :urrencies Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 0.9780 0.9796 Against US? Bid Offer 0.6597 0.6602 :anadian dollar 1.2072 1.2089 0.8143 0.8147 Euro 1.8841 1.8862 1.2709 1.2712 NZ dollar 0.8566 0.8579 0.5778 0.5782 jterlini 2.3984 2.4015 1.6178 1.618! US dollar
        150 words
      • 70 42 oa3oll IOCOA (£/tonne) Close Prey Hi, fLow Dec 08 1326 1345 1362/1322 Mar 09 1341 1356 1374/1338 May 09 1351 1366 1371/1350 Jul 09 1361 1376 1370/1360 COFFEE (US$/tonne) Close Pev High/Low Nov08 1557 1587 1622/1550 Jan 09 1610 1642 1675/1603 SUGAR (US tonne) White Close Prey High/Low Dec
        70 words
      • 105 42 H Oct 3o|| SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low Nov08 934.00 937.25 944.00 920.00 Jan 09 943.00 947.00 953.50 928.00 Mar 09 955.00 959.25 966.00 946.00 May 09 965.75 969.50 974.00 955.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low Dec 08 34.48 34.33 34.58
        105 words
      • 75 42 Oct 3p| CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 61.98 -3.61 65.18 -2.94 61.39 2.73 69.75 2.85 68.50 2.85 PRODUCT USS/barrel (FOB Spore) Close Change Naphtha Jet Kerosene 36.10 1.50 80.80 4.00 USS/barrel Opec Oil Basket Price
        75 words
      • 72 42 Oct 3 j| GOLD (US$/oz) Oct 31 Oct 30 Hong Kong 727.60 771.70 728.60 772.70 Oct 30 Oct 29 London 738.30 755.10 740.80 757.60 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 14.62 14.39 PLATINUM Lon (US$/oz) Oct 30 Close Previous PM Fix 841.00 817.00 AM Fix 797.00
        72 words
      • 65 42 Oct 3?| KLCE PALM FUTURES (RM/MT) Deliver/ Opening Sett Av Month Range Price Price Low Vol Done Open Position Hi, Nov08 1535 Dec 08 1510 Jan 09 1500 Feb 09 1503 Total o/p: ***** contracts 1560 1582 1531 1510 1538 1499 1515 1539 1491 1515 1540 1498 Turnover:
        65 words
      • 71 42 oa 3o| Uumlnlum, 99.7% mrity (US$/tonne) Close Previous :ash months 2007.80 2060.00 2097.80 2152.00 lopper, Grade A ;us$/tonne) lash J months 4194.00 4200.00 4650.00 4651.00 ■ead (US$; "onne* :ash 1 months 1512.00 1520.00 1575.50 1580.00 lickel ;us$/tonne; Close Previous Cash 3 months Tin (US$/tonne; *****.00 *****.00 *****.00 *****.00
        71 words
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  • PERSPECTIVE
    • 1364 43  -  Keiichiro Kobayashi A stabilisation Fund may ward off a spiral of steady economic decline. HE current crisis in j the United States and European financial systems seems to be growing similarly to Japan's banking crisis of the late ,^^^L 1990s and early 2000s.
      REUTERS  -  1,364 words
    • 851 43  -  William Pesek JR Bloomberg Bloomberg columnist IT used to be that we searched for economic icebergs in Asia. Now we are on the lookout for Icelands. Last week, Iceland became the first developed economy to seek aid from the International Monetary Fund (IMF) since 1976.
      Bloomberg  -  851 words
  • Page 43 Advertisements
    • 102 43 OUT NOW! The November issue of Pulses is out! DISCOVER how Straits Asia Resources CEO Richard Ong got his pot of gold. LEARN tips for defensive investing and how to apply the risk arbitrage technique successfully. UNDERSTAND what is happening in <9l Get your the construction industry. copy from any
      102 words

  • Wealth
    • 753 44  -  Conrad Tan Poor earnings visibility makes usual measures such as price-earnings ratios unreliable. WITH share prices plummeting almost daily and legendary investors such as Warren Buffett urging Americans to buy US equities, is it finally time to get back into the stock market? Not
      753 words
    • 227 44 CATEGORY 1-MTH 3-MTH 6-MTH 1-YR ANNUALISED 3-YR S-YR CY200: JPYBond 13.12 19.61 16.98 19.87 1.51 -0.63 0.20 US Dollar Money Market 4.09 8.40 9.33 3.65 -1.00 -0.52 -2.24 US Dollar Government Bond 3.16 8.06 8.02 5.35 -0.41 -0.06 -0.18 US Dollar Diversified Bond -0.71 2.02 1.29 -2.58 -2.63
      227 words
    • WEALTH INVESTING
      • 919 44 Bloomberg Offshore oil discovery, rising commodity prices and government spending drove the market to a 64% gain this year, making it the world's best-performing bourse Accra VENDORS hawking handbags and fruit along downtown Accra's Liberia Road are busier than the traders five stories
        Bloomberg; BLOOMBERG  -  919 words
      • 1435 45  -  Roy Varghese WEALTH INSIGHTS We have no control over the direction of the stock market, so let's stay invested in a globally diversified portfolio Foundation Adviser ipac Singapore HE stock market is oversold in an un- precedented way as it continues to defy
        Bloomberg  -  1,435 words
      • 544 46  -  Jamie Lee Cosco Corporation Sell DMG Partners Securities Oct3l close: $0,775 ON a year-on-year comparison, Cosco Corporation's revenue surged 80.7 per cent to $987.7 million in Q3 2008 as order backlog for shipbuilding and marine engineering was recognised. Revenue from this segment contributed 92.1 per cent (an increase
        544 words
      • 1541 47  -  Teh Hooi Ling show me the money Key is to pick firms that won't go bust, and be sure that you will not need the money committed for the next five years hooiling@sph.com.sg Senior correspondent THE current financial crisis, which germinated in
        1,541 words
    • WEALTH REAL ESTATE
      • 989 49  -  Arthur Sim Move welcomed in property circles as timely. By GOVERNMENT Land Sales (GLS) from the Confirmed List of state sites have been suspended for the first half of next year. The remaining sites on the Confirmed List will be transferred to the Reserve
        989 words


  • Page 46 Advertisements
    • 534 46 -p^ T^/^TtT TTTP Toll free: 1800-289-8822 YJ \J Email:recruit@sph.com.sg XXJLi V-J XW^/ JL _L www.st701.com CAREER OPPORTUNITY IN GLOBAL I INVESTMENTS PORTFOLIO MANAGEMENT Al Mojil Investment is a fast growing and dynamic private investment company based in the Middle East. We are currently expanding our team of research and investment
      534 words


  • Page 48 Advertisements
    • 739 48 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 2 TheAmarelle ~~Apt 13/10/2008 FH~ 570 ~~590 1035* LANDED TheEsta Apt 16/10/2008 FH 1313 1175 895 Craigßd 2-Sh 13/10/2008 99 1604 2100 1309
      739 words