The Business Times, 6 November 2008

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Microfilm: NL29538
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Thursday, November 6,2008
    20 words
  • Article, Illustration
    Lock icon Racial barrier falls as change comes to America
    1095 1  -  LEON HADAR 'If there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our
    AFP  -  1,095 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      48 1 Inesi lam KL COMP 915.24 +9.66 NIKKEI 225 9,521.24 +406.64 HANG SENG 14,840.16 +455.82 SET INDEX 457.36 -0.26 JAKARTA COMP 1,366.27 -3.51 MANILA COMP 2,006.21 +3.17 SEOUL COMP 1,181.50 +28.15 SHENZHEN B 232.69 +9.47 MUMBAI IND 10,120.01 -511.11 11AM EST Cham DOW 9,511.78 -113.50 NASDAQ 1,756.74 -23.38
      48 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 16.725 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 4.50 US 4.00 CANADA 4.00 SWITZERLAND 2.52 INDIA 13.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      49 1 USS s$ USS (S$ ier US$) 1.478 (US$/S$ ier 1.585 2.342 EURO (USS/SS/E) 1.286 1.901 Foreign currency per US$ S$ YEN 99.50 67.30 RM 3.525 2.384 HK$ 7.751 5.243 BAHT 34.95 23.64 RUPIAH 11,000 7,441 RENMINBI 6.832 4.622 INDIAN RUPEE 47.18 31.92 A$ 1.453 0.983 NZ$ 1.670 1.130
      49 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      103 1 CORPORATE COPING WITH CRISIS PROPERTY H^HSI BizlT RESULTS How the UK does it-the Credit checks and 'M"—Si lit 'iiJL Samsung OCBC: Q3 profit first of a new BT series deferred payments optimistic down 13% PAGE 8 PAGE 2 PAGE 4 A ll PAGE 24 1 RAFFLES CONVERSATION Two years ago,
      103 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      28 1 Business, market and world reactions PAGES 5,6 Blue shift-the new colour of US politics PAGE 6 Excerpts of Obama's speech PAGE 23 Analysis: change trumps experience PAGE 23
      28 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon UK fights back – but has it left it too late?
      983 2  - UK fights back but has it left it too late? NEIL BEHRMANN FLASHPOINT: UNITED KINGDOM Trade with Spore could suffer as sharp recession looms despite rate cuts THE UK Treasury and Bank of England are desperately trying to counter a deepening downturn in the British economy. As the UK threatens
      AFP  -  983 words
    • Article
      Lock icon Local hedge funds battered, but two thrive amid the wreckage
      595 2  -  SIOW Ll SEN Interest from US institutions not hit by crisis offers hope [SINGAPORE] While two hedge funds among the handful of Singapore's homegrown fund managers playing in the big league stand out for their astounding successes, the others have
      595 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Racial barrier falls as change comes to America
        79 2 RACIAL prejudices were swept aside as Barack Obama won the White House yesterday an event whose historic magnitude recalls the landing of the first man on the moon. The Democrat defeated Republican John McCain and will be sworn in on Jan 20
        79 words
      • Article
        Lock icon UK fights back – but has it left it too late?
        103 2 UK fights back but has it left it too late? THE UK Treasury and Bank of England are desperately trying to counter a deepening downturn in the British economy. As the UK threatens to slide into its worst recession since the early eighties, Singapore will not remain untouched. The UK
        103 words
      • Article
        Lock icon Credit checks cut risks if deferred payments return
        80 2 WHEN Ministry of National Development announced last week that it was suspending sales of state land through the confirmed list till June next year, jubilant developers lauded the swiftness of the government action that will hopefully stem the poor sentiment in the
        80 words
      • Article
        Lock icon OCBC's Q3 profit falls 13% to $402m
        78 2 OCBC Bank yesterday posted a 13 per cent drop in third-quarter net profit to $402 million as provisions or allowances for bad loans surged. Against the second quarter, net profit was down 6 per cent. The second local bank to post sombre results,
        78 words
      • Article
        Lock icon StarHub Q3 net profit dips 2.1% to $79.5m
        72 2 STARHUB'S third-quarter net profit fell 2.1 per cent to $79.5 million due to higher content costs for its pay-TV business and a flat showing by its mobile and broadband units. Revenue for the three months ended Sept 30 was 2.3 per cent
        72 words
      • Article
        Lock icon Entrepreneurship in an age of economic uncertainty
        60 2 AS the economy struggles through tough times, entrepreneurs must recognise the challenges and opportunities that face their businesses and respond accordingly to protect and improve the bottom line, Ernst and Young executive chairman said yesterday when announcing the three recipients of E&Y's Young
        60 words
      • Article
        Lock icon Australia counts economic cost of global crisis
        66 2 THE global financial crisis will cut Australia's economic growth, slash billions of dollars off the budget surplus and increase unemployment, the government said yesterday. Forecast gross domestic product growth for this financial year has been cut to 2 per cent from 2.75 per
        66 words
      • Article
        Lock icon KL heads for hat-trick in external trade
        74 2 MALAYSIA'S total trade for the year looks set to surpass RMI trillion (Ss4l9 billion) its third in a row but could struggle to hit the target next year should the decline in exports of electrical electronic products persist. At the three-quarter point, total
        74 words
      • Article
        Lock icon Taiwan calls for an Asian currency fund
        44 2 TAIWAN has proposed setting up a currency fund with China, Japan, South Korea and Singapore to pool together resources to help Asian economies weather the global financial credit crisis, a financial regulator said. GREATER CHINA/INDIA, PAGE 18
        44 words
    • Article, Illustration
      Lock icon Credit checks cut risks if deferred payments return
      989 4  -  KALPANA RASHIWALA NEWS ANALYSIS DPS has potential to create local version of sub-prime crisis, analysts caution [SINGAPORE] When Ministry of National Development announced last week that it was suspending sales of state land through the confirmed list till June next year, jubilant
      989 words
    • Article
      Lock icon COE premiums stay in low gear
      444 4  -  SAMUEL EE By [SINGAPORE] The certificate of entitlement (COE) premium for big cars edged up slightly but stayed below $10,000 in yesterday's bidding exercise. And motor traders are bracing themselves for what appears to be an extended period of worryingly weak buying sentiment. "It
      444 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      71 2 I tt" dt£ i^i r^i7 </r» v I r B£ 111 V^AxA^fe I U«J:«i mi+2l%» |l|-lifisiivCl|n 2. £Hl= LADY'S DAY *2AO/ Lunch 3»lj£ liHo9B^"/° ftSKHtt+MB "^w-i-i Dinner SffiMSiaSH *<S^>W,ll^o7BM (ttHffi«SßPg£tS«£, W Ala 11 £09 B Carte Menu) |HBH{paH|pad 3.1ffi83 31JSl DtS+2l^f Bp?tpi^!3:llil!iH nm i)i+ii£g J| n Customers who celebrate their
      71 words
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      Lock icon Page 2 Advertisements Column 2
      109 2 Our qualified professionals Ka~/ J& I can assist you with offshore g| 3 structures, shelf companies ijM 'BJSJ" and incorporations in ALL jurisdictions including: British Virgin Islands P^U^^^^^l Cayman Islands I 7^l Bahamas 3^l Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We
      109 words
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      177 3 Isn't it interesting how seductive solidity is in times Independent Asset J Managers Family Office 40*± Global Custody 1U V Investor Services IX MM L J Lit Asset Management lf\ f"^ f"^ f"^ Investment Funds 111 \V^ Ll I V^ \*J V^ Bi BK 1 k^^^^^^^^^h|^^h i B^^HB^^^^Bil^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^Hßl^^^^^^^fll fete* yfcV
      177 words
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  • Page 4 Advertisements
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      134 4 WZM NANYANG '&^Ei TECHNOLOGICAL W&/ UNIVERSITY Nanyang Business School Pushing Boundaries Making Waves MSc Financial Engineering In collaboration with Carnegie Mellon University, USA REPUTATION I INFORMATION SESSION NBS is home to one of the world's top 50 MBA Programmes. ini-uhmai iun &t&&iuN The Financial Times, 2008 Date Thursday, 6 November
      134 words
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      13 4 CATS Recruit The first step on your ladder to success [SATS I RECRUIT <
      13 words
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      447 4 IN THE MATTER OF THE In the matter of COMPANIES ACT, CHAPTER The c°mP°"^ s d Act. C °P-50 50 AND IN THE MATTER OF In the matter of GADGETSTUFF PTE LTD SYNERGY COACHING OHUWC lOlurrriCLlU CONSULTANCY PIE. LTD. Co. Reg. No. *****5935W (2) synergy coaching (In Members' Voluntary Liquidation)
      447 words
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  • US PRESIDENTIAL ELECTION
    • Article
      Lock icon Local businesses greet Obama with caution
      656 5  -  CHEN HUIFEN Some are worried that a Democrat implies a shift to protectionism [SINGAPORE] Barrack Obama's presidential win came as no surprise to the Singapore business community, which is largely positive on the change in US leadership but waits to see how the new
      656 words
    • Article
      Lock icon PM Lee sends his congratulations
      375 5 [SINGAPORE] Prime Minister Lee Hsien Loong has sent congratulations to US president-elect Barack Obama, noting the American leader's "decisive victory after a long, hard battle". In his letter to the Democratic senator from Illinois, Mr Lee described US-Singapore relations as excellent, and said Mr Obama
      375 words
    • Article, Illustration
      Lock icon Untitled
      68 5 'Your extraordinary journey to the White House will inspire people not only in your country but also around the world.' Manmohan Singh, Prime Minister of India 'The Chinese Government and I myself have always attached great importance to China-US relations. In the new historic era, I look forward to working
      68 words
    • Article
      Lock icon McCain bows out with grace
      423 5 LATWP, Reuters He pledges support for Obama, points to common ground [PHOENIX] John McCain ended his decade-long pursuit of the White House a short drive from his home, on the lawn of the Arizona Biltmore, where he held his wedding reception and celebrated so many
      – LATWP, Reuters  -  423 words
    • Article, Illustration
      Lock icon Blue shift – the new colour of US politics
      588 6 Blue shift the new colour of US politics Bloomberg, Reuters Democrats tighten grip on Congress, picking up more House, Senate seats [WASHINGTON] Barack Obama's presidential seat was just one of many victories for the Democrats yesterday. From state legislature to the Senate, all the way to governorships, Democrats won a
      Bloomberg, Reuters; REUTERS GRAPHICS; : MSNBC REUTERS GRAPHICS  -  588 words
    • Article, Illustration
      Lock icon After the euphoria, it'll be time soon to start delivering
      745 6 AP, Reuters [WASHINGTON] Audacity won on Tuesday. Now Barack Obama must validate the hope and deliver the change he promised. He's already changed America by becoming the first black man to win the White House. His challenge is to change
      – AP, Reuters; AP  -  745 words
    • Article
      Lock icon Wall St sobers up before the next bad news hits
      666 6  -  ANDREW MARKS Investors shift focus back to reality of faltering economy BARACK Obama's election victory is likely to resonate powerfully through America's Main Streets for weeks. But on Wall Street, the thrill is expected to be over quickly as relief
      666 words
    • Article
      Lock icon Asia uneasy over Obama's tough stance on trade
      627 6 AP, Bloomberg But some analysts say he'd likely adopt a moderate line like previous US presidents [BEIJING] Asian business people and analysts expressed hope yesterday that US president-elect Barack Obama will tackle the financial crisis with fresh vigour but anxiety over whether
      – AP, Bloomberg  -  627 words
  • Page 5 Advertisements
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      30 5 X V^--** V fll P^Br^Nk S& <*? -^<43&~' S*v? fll B^B^BW "^^-^^^^▼^^B^H MWm M PmWmWm^m^ j^^m^z^^LJ^^ /mt A Iky 't^ I m ->*^^fll HMRIIiA It^bl B"J3B—I^BB™I"JkJI2 IB BV^lSilillllß] h\\ i B\V
      30 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      50 7 S" 3 at 3 r« n O 3 w L Korean Air has one of the largest global networks in the airline Excellence in Flight industry. With 861 connecting flights to 116 cities in over 39 different countries, you're granted KijlbßY?A]V AYR the luxury of flying anytime. «k#MWymi» J%*M% i^y
      50 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon OCBC's Q3 profit falls 13% to $402m
      922 8  -  SIOW Ll SEN Bank maintaining strong capital position, warns of rough times ahead OCBC Bank yesterday posted a 13 per cent drop in third-quarter net profit to $402 million as provisions or allowances for bad loans surged. Against the second quarter, net profit
      ARTHUR LEE  -  922 words
    • Article
      Lock icon Property ventures: Papular has to watch its books
      557 8  -  EMILYN YAP THE financial mayhem has affected almost every part of the economy but the pain has certainly been felt most strongly in the equity and property markets. Share values have plunged, real estate prices have dipped and most investors are keeping
      557 words
    • Article
      Lock icon StarHub Q3 net profit dips 2.1% to $79.5m
      556 10  -  WINSTON CHAI Growth strongest for pay-TV business, flat for mobile and broadband units STARHUB'S third-quarter net profit fell 2.1 per cent to $79.5 million due to higher content costs for its pay-TV business and a flat showing by its mobile and broadband
      556 words
    • Article
      Lock icon SingTel to hang on to iPhone monopoly
      354 10  -  WINSTON CHAI By SINGAPORE Telecommunications will continue to be the only local telco to be given a bite at the iPhone 3G as a change in Apple's distribution strategy has thwarted the year-end launch plans of rivals Star Hub and Mobile One. "As
      354 words
    • Article, Illustration
      Lock icon PCCW to pay Li, China Network up to HK$l7.6b after buyout
      633 10 0 Bloomberg [HONG KONG] PCCW Ltd said that it will pay chairman Richard Li and China Network Communications Group Corp as much as HK$l7.6 billion (553.4 billion) if the two shareholders complete their proposed buyout of the company. Hong
      — 0- Bloomberg  -  633 words
    • Article
      Lock icon SGX to launch extended settlement contracts
      522 10 THE Singapore Exchange (SGX) will launch Extended Settlement (ES) contracts on Jan 23 next year, aimed at expanding the range of equity products available to investors. Previously referred to as Single Stock Derivatives (SSDs), ES contracts will be a new product class on SGX.
      522 words
    • Article
      Lock icon At a glance
      200 10 Three months ended Sept 2008 Nine months ended Sept 2008 NET PROFIT TURNOVER CURRENT PREVIOUS CHNG (S m) CURRENT PREVIOUS (Sim) CHNG 1 OCBCBank 402.00 463.00 -13.2 1146.00 1047.00 9.5 2 StarHub 79.50 81.30 -2.2 524.60 513.10 2.2 3 UOL 73.54 64.52 14.0 267.85 166.75 60.6 4
      200 words
    • Article, Illustration
      Lock icon UOL reports 14% rise in Q3 earnings
      513 11  -  UMA SHANKARI Revenue jumps 61% to $268 m; subsidiary Hotel Plaza's Q3 net down 4% to $13.5 m BUCKING the trend of falling profits at many Singa-pore-listed property developers, UOL Group yesterday reported that its thirdquarter net profit rose 14 per cent to
      FILE PHOTO  -  513 words
    • Article, Illustration
      Lock icon High-end segment not bullet-proof, says Hour Glass
      382 11  -  JAMIE LEE By THE luxury goods segment is not "bullet-proof, a senior executive at The Hour Glass said yesterday as he warned of slowing sales in the upmarket watch segment. "This situation is going to be prolonged and recovery will be some time
      382 words
    • Article
      Lock icon Thailand's AIS clears air on budget for 3G
      420 11  -  GREG LOWE THAILAND'S biggest mobile phone operator has denied reports that it has slashed its 3G budget because of the credit crunch. But it has "consolidated" its plan to roll out 3G technology because of red tape, its president said. AIS plans
      420 words
    • Article
      Lock icon Kim Eng Thailand Q3 profit dives 56%
      533 11  -  GREG LOWE But it expects to maintain full-year results at 2007 level KIM Eng Securities (Thailand) said yesterday that despite reporting declining third-quarter profits in the face of the global financial crisis, the firm would maintain annual performance at last year's levels. The
      533 words
    • COMPANY BRIEFS
      • Article
        Lock icon CNA Group bags $24m contract
        48 11 CNA Group said it has secured its first Connected Real Estate Technology contract in South-east Asia, valued at $24 million, from Khoo Teck Puat Hospital. The contract win is a "significant milestone" to grow its core control and automation business, the company said.
        48 words
      • Article
        Lock icon SCS Q3 net profit doubles to $4.72m
        56 11 SINGAPORE Computer Systems (SCS) reported that net profit for Q3 ended Sept 30, 2008 more than doubled to $4.72 million from $2.16 million, mainly due to operational improvement across both business segments. Revenue for the quarter rose 17.5 per cent to $91.8 million,
        56 words
      • Article
        Lock icon United Envirotech Q2 net falls 65%
        52 11 UNITED Envirotech Ltd yesterday reported a 65 per cent year-on-year fall in its net profit to $1.1 million for the second quarter ended Sept 30, 2008. Revenue for the quarter fell 27 per cent to $9.02 million due to a lower revenue contribution from
        52 words
      • Article
        Lock icon Lafe Q3 earnings dive 98%
        47 11 LAFE Corp saw net profit for the third quarter ended Sept 30, 2008 plunge 98 per cent to US$l5,OOO. Revenue fell 13 per cent to U5519.78 million. Cash and cash equivalent also fell to U5522.4 million from U5563.38 million a year ago.
        47 words
      • Article
        Lock icon Delong posts Q3 net loss of $11.9m
        51 11 DELONG Holdings yesterday reported a third-quarter net loss of $11.9 million, compared with a net profit of $24.7 million for the year-ago period. Q3 sales rose 59.7 per cent to $637.5 million. The group was hit by a significant increase in raw material
        51 words
    • Article
      Lock icon More profit warnings issued
      422 11  -  I LYNETTE KHOO By MORE companies have issued profit warnings amid the global economic slowdown. Of at least five companies that issued warnings yesterday, three were Chinese firms hurt by depressed margins, higher costs and slower demand in China. In a filing with Singapore Exchange, China
      422 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      133 8 Introducing the Pacific Cancer Centre, the choice for cancer care in Singapore. With medical direction from American provides an integrated and personalized medical oncologist Dr. Steven Tucker, care program for the whole patient, not just the centre treats patients with all types of for a disease. cancer from all around
      133 words
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      Lock icon Page 8 Advertisements Column 2
      20 8 V I li 1 1 I I I i BOSS HUGO BOSS S E L E C T I N
      20 words
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      36 9 Major sponsors: Official Official Official Official Supported by: airline: media station: newspaper: lifestyle magazine: Credit Suisse il^ T E; RTH' TI »c A th A v P4 c, f ,c A th e business times peak
      36 words
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  • Page 10 Advertisements
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      48 10 Rock Bottom IDD Price^^^^ To Help Ease Your Recession Blues Register Prepaid 1516 IDD Service online for more IDD savings today! subscription. registration? PHOENIX Communications Pte Ltd 1 Jalan Kilang Timor #05-02, Pacific Tpch Centre, Singapore 159^0^ Fa>: (G5) 6834 1516 PHOENIX E-mail: 1516@phoenixcommsxom.sg m^,, /PrIP PfUfH MARKETS
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      189 11 ENJOY THE BENEFITS OF DIVERSIFICATION WITH iSHARES. Combining the advantages of stocks, developed and emerging markets; by mutual funds and index products, iShares® individual country and global exposure. Exchange Traded Funds provide a range And because you can invest in a range of investment tools, allowing you to of geographies,
      189 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Buy in anticipation, sell on news?
      608 12  -  R SIVANITHY STOCKS ALL Street's Tuesday rally in anticipation of a Democrat victory in the US presidential election spilled over here yesterday after the victory was confirmed, with the Straits Times Index rising 39.13 points to 1,868.82 on the back of a 3.2 per
      : Bloomberg  -  608 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      94 12 Up Down Unch Up Down Unch Up Down Unch lulti Ind 9 4 5 0 0 0 9 4 5 lanufacturing 73 63 51 13 81 68 64 Commerce 34 14 22 35 19 25 'pt/Stor/Comms 25 26 11 :inance 30 30 Construction 11 12 11 'roperties
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 12 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 44.473 44.473 144.983 144.983 lanufacturing 582.829 88.458 671.287 280.630 2.478 283.107 lommerce 136.421 20.031 156.452 91.495 3.575 95.070 "pt/Stor/Comms 250.390 999 251.389 325.310 202 325.512 :i nance 59.030 59.030 328.382 328.382 lonstruction 45.796 9.588 55.384 4.501 197 4.699 'roperties
      118 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 12 lapitaLand 3.100 +0.180 lapitaMall 2.080 +0.070 jtyDev 6.500 +0.150 losco Corp 0.820 -0.050 IBS Grp 11.380 +0.020 :&N 3.000 +0.050 ient Intl 0.395 iolden Agri 0.210 -0.005 IK Land 2.750 +0.030 IMH 22.700 -0.100 ISH 11.300 -0.500 lardineC&C 9.800 -0.200 Ceppel Corp 5.190 +0.390 Ceppel Land
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    • Article, Illustration
      Lock icon BROKERS' TAKE
      894 12  -  CONRAD TAN Singapore Technologies Engg Nov 5 close: 552.27 DMG PARTNERS SECURITIES, Nov 5 ST Engineering's (STE) Q3 2008 revenue rose 11.8 per cent to Ssl ,382.4 million from a year earlier as the group recorded higher turnover from all sectors except its marine division, while net profit
      894 words
    • Article, Illustration
      Lock icon Risk aversion victims rally on Obama victory
      495 12  -  LARRY WEE CURRENCIES FINANCIAL markets enjoyed a feel-good rally on news of a stunning victory for Democratic Party candidate Barack Obama in the US presidential elections yesterday. As stock markets and commodities rallied strongly, the worst-hit of the risk aversion victims on the
      : Reuters  -  495 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 12 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      57 12 Nov 5 VALUE CLOSE IT OB/OS -162.00+115.C IT CADI -*****.00+111. IT 10-day MA -*****.00 -17.0' TSE ST Mid Cap 390.28+12.3. TSE ST Small Cap 313.90 +0.8, TSE ST All Share 450.32 +9.6. TSE ST China Top 176.74 -0.3: TSE ST China 178.14 -0.5' IOB Catalist 81.84 +0.0
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 12 VOLUME Golden Agri 331,010,000 Cosco Corp 90,331,000 Jade Tech 64,476,000 China Honqxinq 57,412,000 Yanqzijianq 50,852,000 Sing Tel 50,592,000 IndoAqri 44,702,000 Gent Intl 42,349,000 Ezra 39,951,000 Chinasinq 37,835,000 VALUE(S) Sing Tel 118,502,015 Keppel Corp 101,488,430 DBS Grp 98,499,440 Capita Land 84,953,954 SGX 83,267,090 Cosco Corp 81,262,205 Golden Agri
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    • Article
      Lock icon RISES
      105 12 CLOSE UP 7500 404.9 3.8 LP 10US$ ICBC Bk4.5%NCPS 100 8200 400.0 5.1 IOB 5.05%NCPS 100 9000 200.0 2. ICBC Bk5.1%NCPS 100 8880 170.0 2.' ICBCC 5.1%NCPS 100 8460 120.0 1.. China H 10US$ 943 69.5 5.. t sia Pac Brew 1100 60.0 5.: IOB 1378 44.0 3. Con
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    • Article
      Lock icon FALLS
      102 12 CLOSE DOWN 1130 -73.9 -4.2 ISH RBePW*****6 139 -26.0 -15.: :iMBAsean40 100US! 533 -23.6 -2.9 lardine C&C 980 -20.0 -2.0 ;TEm 227 -17.0 -7.i IMH 2270 -14.8 -0.4 ilASGAePW/*****1 40 -9.5 -19.2 ;TI2500BNPePW*****7 120 -9.0 -7.0 ;TI2350BNPePW*****0 100 -8.0 -7.4 ;TI3300BNPePW*****0 142 -8.0 -5.3 BY PERCENTAGE CLOSE DOWN MBUCW*****0
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    • Article
      Lock icon CURRENCIES
      83 12 Where S$ stands Nov 5 CHNG CLOSE FRNovl YR2008 S$ LOW S$ HIGH ISS 1.4792 -0.09 1.5155 1.3457 iuro 1.9046 -1.56 2.2064 1.8640 'ounds 2.3447 -0.55 2.8431 2.3088 1.0215 -2.56 1.3251 0.9068 'en* 1.4991 -0.44 1.6645 1.2619 lupiah* 0.***** 1.28 0.***** 0.***** !aht* 4.2311 -0.12 4.4299 4.0190 •eso* 3.0804
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  • SINGAPORE NEWS
    • Article
      Lock icon Australia will be key LNG source for Singapore
      625 13  -  RONNIE LIM Gencos should look at alternative fuels as oil prices increase AUSTRALIA, because of its geographical proximity, will be one of the key sources of liquefied natural gas (LNG) for Singapore's power stations although initially, it will be shipped here from
      625 words
    • Article, Illustration
      Lock icon Smooth traffic flow requires multi-prong strategy
      464 13  -  SAMUEL EE Approach must also be flexible, says LTA speaker at transport forum MULTIPLE strategies are needed to keep traffic flowing and they must be flexible, a forum was told yesterday. In Singapore, the strategies are demand management, good public transport, effective traffic management
      FILE PHOTO  -  464 words
    • Article, Illustration
      Lock icon Entrepreneurship in an age of economic uncertainty
      377 13  -  NISHA RAMCHANDANI Right strategic decisions crucial, E&Y chairman tells awards function AS the economy struggles through tough times, entrepreneurs must recognise the challenges and opportunities that confront their businesses and respond accordingly to protect and improve the bottom line. "Given the looming economic
      377 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Winning exhibits for design show
        61 13 DESIGNSINGAPORE Council, the national agency promoting Singapore design and designers, will exhibit works which won the President's Design Award in 2006 and 2007 as part of the Singapore Casa at this year's International Design Casa in Torino, Italy. Singapore is one of 11 countries invited
        61 words
      • Article
        Lock icon NTU gets $5m for digital media research
        49 13 NANYANG Technological University received over $5 million in funding from the National Research Foundation, under its third call for proposals for the research and development programme on interactive and digital media in education. Four of the five approved projects were from NTU.
        49 words
    • Article, Illustration
      Lock icon SMEs must think big when going gets rough: forum
      366 13  -  NOOR AISHA ENTREPRENEURS should "think big" and seek hidden opportunities rather than scale back during the current economic troubles, a panel discussion at the Entrepreneurs Organisation (EO) Singapore University conference heard yesterday. "A large part of this crisis has to do
      FILE PHOTO  -  366 words
    • Article
      Lock icon Investors must be mindful of risks, says SIAS
      311 13  -  CONRAD TAN SINGAPORE'S small-inves-tor watchdog yesterday reminded retail investors to beware of the different risks associated with various products when deciding whether to invest. Investment instruments such as exchange-traded funds and structured warrants are rapidly gaining popularity among investors, but they carry
      311 words
  • Page 13 Advertisements
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      28 13 JACKPOT^H 1,500,000Today! Sales Close at 6pm Draw at 6.30pm SINGAPORE IPLAY& Always play with care. Towards Community W IresponnlblyT Do not bet illegally. Purpose and Benefit B^«J RCBRegNo:I96BOO2O2G
      28 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Expanding abroad is the way
      737 14 With the local market so small, SMEs must look overseas. And IE Spore is ready to help, reports CHUANG PECK MING THERE'S one inescapable fact of life that small and medium enterprises (SMEs) in Singapore face, which is also increasingly a matter of survival for
      REUTERS  -  737 words
    • Article
      Lock icon IE Singapore's 3Cs that help SMEs prosper overseas
      651 14 THEY are the "3Cs": connections, competency, and capital. They sum up the help International Enterprise (IE) Singapore offers to Singapore-based enterprises in expanding overseas and sharpening their competitive edge in global markets. "We offer products and services to help enterprises export, develop
      651 words
    • Article
      Lock icon Spotlight on fastest growing companies abroad
      344 14 WHICH are Singapore's fastest growing companies overseas? The Singapore International (SI) 100 Rankings this year will provide the answer. Started in 2005, the SI 100 Rankings shows the top 100 Singapore companies yearly in terms of overseas revenue. It also identifies the top companies
      344 words
    • Article, Illustration
      Lock icon Sineurope tops list with $67.5m
      488 15 It made the highest sales revenue from overseas among SMEs with its seafood distribution business, reports CHUANG PECK MING SINEUROPE chalked up the highest sales revenue from overseas in this year's Top 10 Internationalising Small and Medium Enterprises ranking by International Enterprise (IE) Singapore and
      FILE PHOTO  -  488 words
    • Article, Illustration
      Lock icon Yeakin goes with the customer flow
      530 15  -  CHUANG PECK MING YEAKIN Plastic Industry follows its customers wherever they go. And that's how the Singapore-based mould-making contract manufacturer ended up in Batam and Suzhou. Yeakin Plastic expanded into Batam in Indonesia at the "request" of a major customer to support its new
      530 words
    • Article
      Lock icon Seasonal Produce takes global route from Day 1
      402 15  -  CHUANG PECK MING Small market here drives supplier to venture overseas SEASONAL Produce has helped to introduce New Zealand onions to Europe. In fact, that was the very first deal of Singa-pore-based supplier of fresh fruits and vegetables securing New Zealand onions
      402 words
  • Page 14 Advertisements
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      231 14 IZ L The Business Times SINGAPORE Singapore Singapore International a fortnightly series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting the overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com Seminar Series: Doing Business in
      231 words
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  • Page 15 Advertisements
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      108 15 SINGAPORE INTERNATIONAL I M HEARTIEST CONGRATULATIONS to the winners of the Singapore International 100 W T Mm. J M fc Ranking 2008. For your vision, success in charting new frontiers, and your role in developing Singapore's external economy, we salute you! Wishing you continued success and fortune in your internationalisation
      108 words
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  • ECONOMY WATCH
    • Article
      Lock icon UK consumer confidence rises
      148 16 Bloomberg, Reuters [LONDON] UK consumer confidence rose for the first time since December last month after the government and Bank of England announced emergency measures to stave off the financial crisis, Nationwide Building Society said. An index of sentiment increased to 55 from 51 in September,
      – Bloomberg, Reuters  -  148 words
    • Article, Illustration
      Lock icon Australia counts economic cost of global crisis
      500 16 -AFP Jobs market economic growth, budget surplus will all take a hit [SYDNEY] The global financial crisis will cut Australia's economic growth, slash billions of dollars off the budget surplus and increase unemployment, the government said yesterday. Forecast gross domestic product (GDP) growth
      -AFP; BLOOMBERG  -  500 words
    • Article
      Lock icon Jobs a top priority for China
      142 16 -AFP [BEIJING] China's labour minister warned that the economic slowdown will make it difficult to create jobs, state media said yesterday, in a signal that unemployment remains one of Beijing's top priorities. "We expect the impact on the job market to emerge gradually in
      -AFP  -  142 words
    • Article
      Lock icon Credit crisis rolls back threat of rising US inflation: central banker
      442 16 Bloomberg Plunging commodity prices have eased inflation pressures [ATLANTA] A rising threat of inflation earlier this year "froze in its tracks" in recent months as the credit crisis worsened, Federal Reserve Bank of Dallas president Richard Fisher said. "The
      Bloomberg  -  442 words
    • Article
      Lock icon Bankruptcy filings soar
      98 16 Reuters [NEW YORK] US consumer bankruptcy filings soared last month as home values sank and individual debts ballooned, the American Bankruptcy Institute (ABI) said on Tuesday. US consumers filed some 106,266 bankruptcies last month, up 40 percent from a year ago and up 20 per cent from
      – Reuters  -  98 words
  • Page 16 Advertisements
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      1621 16 M%. LINAIR TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore) ■Imm m n (Company Registration Number *****5699 D) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Linair Technologies Limited (the "Company") will be held at Orchid Country Club, 1 Orchid Club Road, Sapphire 1, Singapore *****2 on 27
      1,621 words
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      41 16 BfisßHEHS^h KM 111 ill Organiser Endorsed by: Official Show Daily Publisher: a |f| Singapore Exhibitipn rf inofrpam ALLW^RLD t3 Services Pte Ltd 3IL,J! AppeS UR§™«.!li I^m"11^ 10"' Held in: Supported by: The Official Airline: S EDB j^ <3ft @|MCA OUCI^K l^li
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      13 16 llanhe Zaobao I Business leaders need i mi!-:-' says well-known Chinese speaker E
      13 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KL heads for hat-trick in external trade
      413 17  -  PAULINE NG Value set to top RMI trillion again, but target could be a struggle next year MALAYSIA'S total trade for the year looks set to surpass RMI trillion (Ss4l9 billion) its third in a row but could struggle to hit the target
      413 words
    • Article
      Lock icon San Miguel joins bidding battle for Bumi Resources
      511 17 Reuters [MANILA] The Philippines' San Miguel Corp said on Tuesday it would bid for 35 per cent of Indonesia's largest coal miner, Bumi Resources, rivalling an offer led by private equity firm Northstar Pacific. Asked if San Miguel was making a bid
      Reuters  -  511 words
    • Article, Illustration
      Lock icon Sales of US tech firms in M'sia set to fall
      489 17 Reuters Global demand for consumer electronics products faltering [KUALA LUMPUR] Sales by US tech firms with factories in Malaysia are expected to fall this year as the global financial crisis hits demand for consumer electronics. A recovery is unlikely until
      – Reuters; AFP  -  489 words
    • Article, Illustration
      Lock icon Tough for Indonesia to top 6% growth
      430 17 Reuters i [JAKARTA] Indonesia's economy will find it tough to grow above 6 per cent next year, given current global economic conditions, deputy central bank governor Hartadi Sarwono said yesterday. Indonesia's quarterly economic growth has been averaging about 6 per cent since the
      – Reuters \ i; AP  -  430 words
    • Article
      Lock icon Medco may delay projects
      135 17 Reuters [JAKARTA] Indonesian energy firm PT Medco Energi Internasional said on Tuesday that it may delay energy projects worth about US$2 billion because of the global financial crisis. Medco, the largest energy firm listed in Indonesia with a stock market value of US$73O million, had announced
      ■ Reuters  -  135 words
  • Page 17 Advertisements
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      43 17 •7ryK^Jwffi»^»j^ft^|^gj iß^&^Mnp^^nff. Leisure Farm i I m^^^ Jm 11/'I1/' II I Kl*J t.'^J >.* 111 >.»I»J I *I*J 1* 11 L*J I 118 *J IL* BtiLa^Mil^B Jlitfjji*tjiiiim| <^^^~^^^^^~ WgE&^F) BKuSBUjHI i^F -M"" Jf-H-.I:HiPHTiiF Tt=i I'iwiiTiS HftSKil J p^p^p^^^^^^^^^^^^^^^^^^p^B^^^^^^^^^^ P^P^P^^^^b^^^b^^^^l^^^^^^^^^^^^^^^^^^^^^^l P^P^P^^^^^^M^^^^^^^^^^^^^P^^^^^^^^P^PB p^p^^^^^^^^^^^^^^^^^^^^^»^^^^^^^^^^^^^p^pH p^pß^^^^^^*^^^^j^^^^»^^^^^^^^^p^pßß pß^pß^^^^^^^^^^^^^^^^^^^^^^^^^^^^^pß^PJ B^^^P^ V^BF^B^pBJ
      43 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Taiwan calls for an Asian currency fund
      539 18 Bloomberg Countries with high forex reserves should join in, says Financial Supervisory Commission [TAIPEI] Taiwan has proposed setting up a currency fund with China, Japan, South Korea and Singapore to pool together resources to help Asian economies weather the global financial credit crisis,
      – Bloomberg; BLOOMBERG  -  539 words
    • Article
      Lock icon Top-level India panel to assess impact of global financial crisis
      308 18 AFP [NEW DELHI] Indian Premier Manmohan Singh on Tuesday set up a high-level panel to monitor the impact of the global financial crisis on domestic industry, a government statement said yesterday. The panel, headed by Mr Singh, includes the head
      AFP  -  308 words
    • Article
      Lock icon China, Taiwan move to boost finance links
      324 18 Reuters Aim to unlock each market to banks, insurers, brokers [TAIPEI] Taiwan and China are aiming for an agreement to open their markets to the other's banks, insurers and brokers, officials said yesterday, in another sign of the new spirit of cooperation and
      – Reuters  -  324 words
  • Page 18 Advertisements
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      1538 18 %-B^L r> Toll free: 1800-289-8822 3^^l FV Ifl Iff L, V Email: notices@sph.com.sg J. V^^/ j\_ J. V*^ -L kj www.cats.com.sg In the matter of The Companies Act, Cap. 50 And mM In the Matter of JLt PIPER'S PIES PTE. LTD. JSr Beyonics Technology (company N0.*****1971G) STATUTORY DECLARATION BY DIRECTORS
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      Lock icon Page 18 Advertisements Column 2
      104 18 ..Chinese i Findncfi •This service is available to postpaid mobile phone subscribers only. 'All prices include GST. ENGLISH SMS ALERT CHINESE SMS ALERT HOW TO SUBSCRIBE Business Finance News @$5.35/mth -Chinese News @$4.28/mth Sing Tel Mobile subscribers, call *15S Singapore News @$4.28/mth .Soccer News @$5.35/mth Ml Mobile subscribers, smsSPHSMS to
      104 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon ÜBS chairman, board may repay bonuses
      625 19 Reuters, NYT CFO says bank will cut more costs, especially pay and personnel expenses [ZURICH] Swiss bank ÜBS AG said that its chairman and board may repay previously granted bonuses as part of a report on pay at the company due at a shareholder
      ■ Reuters, NYT  -  625 words
    • Article, Illustration
      Lock icon RBS and ÜBS look ahead, see gloom
      732 19 -NYT [LONDON] ÜBS and Royal Bank of Scotland, two European banks that tapped government bailout funds, warned on Tuesday of further deterioration in market conditions in the fourth quarter. ÜBS, the Swiss bank that suffered one of the biggest losses from the credit
      -NYT; AP  -  732 words
    • Article
      Lock icon Asian states put off bank privatisations
      746 19 Reuters Financial crisis forces govts to tighten their grip on banks [SEOUL] The global downturn is forcing South Korea, Thailand and Indonesia to put on ice long-planned privatisations of banks which are either now needed as policy tools or look unattractively short of capital.
      Reuters  -  746 words
    • Article, Illustration
      Lock icon China mulls plan to fund foreign banks
      333 19 Reuters [SHANGHAI] China's central bank is considering a plan to help selected foreign banks that are facing fund-raising difficulties in China's interbank money market due to the global financial crisis, banking and money market sources familiar with the situation said yesterday. The central
      – Reuters; BLOOMBERG  -  333 words
    • Article
      Lock icon Shaky markets, low values to spur mutual fund M&As
      594 19 Reuters Firms with strong brands may fall into private equity hands [BOSTON] A US asset manager shakeout looms as struggling banks line up to sell their mutual fund arms to raise capital and fund companies exit the money-market segment, hoping to
      Reuters  -  594 words
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  • AVIATION
    • Article, Illustration
      Lock icon Obama may mean higher airline labour costs
      888 20 Bloomberg Industry, unions also expect fewer route auctions, air traffic control upgrades [WASHINGTON] Delta Air Lines Inc and US carriers may face higher labour costs while finding it easier to protect New York flights with Barack Obama as president. Mr Obama also has
      – Bloomberg; m i BLOOMBERG  -  888 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2506 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airarays Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,506 words
    • Article
      Lock icon Air China Cargo orders converted freighters
      237 20 Bernama [KUALA LUMPUR] Boeing and Air China Cargo yesterday announced that the carrier will add three 747-400 Boeing Converted Freighters (BCF) to its cargo fleet. The modification work on the three Combi airplanes will take place at Taikoo Aircraft Engineering (TAECO) in Xiamen, China.
      – Bernama  -  237 words
    • Article
      Lock icon Boeing sees good growth in Mid-East
      152 20 Bernama [DUBAI] Boeing has 326 planes in service in the Middle East region with 43 airline customers, and it expects continued robust air traffic growth that will exceed the world's average. "Air travel has grown faster in the Middle East than in any other
      Bernama  -  152 words
    • Article
      Lock icon BOC Aviation buying 20 A320s for $1.4b
      183 20  -  YEN SREENIVASAN By! [SINGAPORE] Locally based BOC Aviation has ordered 20 Airbus A 320 aircraft in a deal worth almost $1.4 billion. This is on top of a previous order for 98 planes, 58 of which have been delivered. Asia's largest lessor also
      183 words
    • Article
      Lock icon Strike delays B787 flight to next year
      323 20 Reuters This is the sth substantial delay to its first flight [NEW YORK] Boeing Co said on Tuesday that the first flight of its 787 Dreamliner would be pushed into next year, rather than its target of the end of this year, because
      – Reuters  -  323 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      314 20 CRYPTIC CROSSWORD ACROSS 6 Fondle maybe embrace (6) Hgjg jgjg| jj|||] Ws& iUfi sip |§|j§ f§fjs 9 Batsman who hits five Vs\ I I I js&flio I j 11 Kept alive the bread round? r^ 12 Wait on non-drinker, being ||||j lllllllllillfll |||j| j|||j Revolution (12) 1^ wtk tHJUHfI HHJ
      314 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Nippon Yusen cuts Europe service on falling demand
      361 21 Bloomberg It will maintain the capacity reduction until at least March, says spokesman [TOKYO] Nippon Yusen XX, Japan's largest shipping line, reduced container service between Asia and Europe by 10 per cent last month on falling demand, following similar cuts by Kawasaki
      – Bloomberg; FILE PHOTO  -  361 words
    • Article
      Lock icon Ship crew still detained year after US bay spill
      560 21 -AP Chinese seamen detained so they can testify as witnesses [SAN FRANCISCO] For nearly a year, six Chinese crew members on a ship that crashed into the San Fran-cisco-Oakland Bay Bridge creating the bay's worst oil spill in nearly 20 years
      -AP  -  560 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        101 21 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.29 0.22 0.82 0.38 0.71 0.51 0.05 ....unch 0.57
        101 words
      • Article
        Lock icon KLSE
        31 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd 0.58 8.45 8.50 2.51 2.57 0.07 unch -0.10 -0.05 -0.05 -0.11 0.01 221 90! 133! 11K < 3;
        31 words
      • Article
        Lock icon BANGKOK
        7 21 ■oo ■recious Ship .9.95 -0.15 *****
        7 words
      • Article
        Lock icon HONGKONG
        11 21 '000 Doil iingamas Cont 15.44 ...0.68 0.80 unch 94: 91<
        11 words
      • Article
        Lock icon PHILIPPINES
        20 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.70 15.25 unch unch 0.20 unch unch unch 296S 86(
        20 words
      • Article
        Lock icon TAIPEI
        21 21 Evergreen Marine ....16.70 :irst Steamship 31.40 /VanHai Lines 15.50 fang Ming Marine .lunch -1.20 unch -0.35 -0.40 1! 1( 7!
        21 words
      • Article
        Lock icon TOKYO
        38 21 '000 :awasaki Hvy Ind ..200.00 12.00 ***** :awasaki Kisen 435.00 50.00 ***** /litsubishi Hvy 388.00 49.00 ***** /litsui Eng&Sbldg ..160.00 20.00 ***** /litsui Osk Lines 535.00 54.00 ***** lippon Express 414.00 4.00 4515 lipponYusen 515.00 48.00 *****
        38 words
    • Article
      Lock icon Philippine ferry capsizes, drowning at least 40
      311 21 -AP [MANILA] A sudden monsoon squall overturned a crowded inter-island ferry in the Philippines, drowning at least 40 people, officials said. Major-General Jeffrey Sodusta, the regional army commander, said that 76 people were rescued and taken to two hospitals for treatment after the
      -AP  -  311 words
    • Article
      Lock icon Genco to scrap vessel deal, take US$54m charge
      213 21 Reuters [BANGALORE] Genco Shipping Trading Ltd said that it has agreed to cancel a deal to buy six drybulk vessels, and will take a related charge of US$54 million in the fourth quarter. Genco, which had previously announced it would buy the
      – Reuters  -  213 words
    • Article
      Lock icon Shell eyes floating LNG units for Iraq, Egypt
      350 21 Reuters [ABU DHABI] Royal Dutch Shell is studying the use of floating liquefied natural gas (LNG) terminals to ship gas produced in Iraq and Egypt, a senior Shell executive said yesterday. The terminals would each have capacity to export two million tonnes
      – Reuters  -  350 words
    • Article, Illustration
      Lock icon Samsung Heavy Q3 profit rises 23%
      243 21 Bloomberg [SEOUL] Samsung Heavy Industries Co, the world's second-largest shipbuilder, said that profit in the third quarter rose 23 per cent to a record as it built more vessels at higher prices. Net income climbed to 174.2 billion won (*****.6 million) in the three
      – Bloomberg; FILE PHOTO  -  243 words
  • Page 21 Advertisements
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      46 21 taWa 1 THE HEARTBEAT OF THE INDIAN COMMUNITY Pick up your FREE copy at Mustafa, Sarayana Bhavan, White Water Cafe, Singapore Khalsa Association, Singapore Indian Association, Annalakshmi and SIFAS. Call 6319-1800 or e-mail circs@sph.com.sg to get a copy delivered to your doorstep. SiV Singapore Press Holdings
      46 words
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      Lock icon Page 21 Advertisements Column 2
      18 21 TUNE ZN TO BIGGEST HITS OF THE 90"S CHBIS BROWN TILL NOW! ONLY ON RADSO 100% PURE FUN
      18 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Bright new dawn of American leadership
      506 22 WITH an election outcome that couldn't have been more unequivocal, the long-awaited transition of leadership in America finally gets underway. The country, and the world, now look with anticipation to a new era of US policy in all spheres that befits its global role.
      506 words
    • Article, Illustration
      Lock icon The puzzle that is the South Korean economy
      1131 22  -  SHIN JANG-SUP Its future hinges on the outcome of the confidence games between the market and government I HE South Korean economy is a perpetual puzzle to outside observers. After sustaining phenomenal growth for decades, it suddenly fell into a financial crisis
      AFP  -  1,131 words
    • Article, Illustration
      Lock icon Japan may begin new push for Asian fund
      813 22  -  ANTHONY ROWLEY THE BOTTOM LINE A COUPLE of days after I wrote here last week lamenting the lack of regional economic cooperation in Asia, I found myself seated next to one of the original architects of such cooperation, Eisuke Sakakibara, during a
      813 words
    • Article, Illustration
      Lock icon A place where all things are possible
      1739 23 A new dawn of American leadership is at hand, promises President-elect Obama This is an edited version of US presidentelect Barack Obama's victory speech at Grant Park in Chicago on Tuesday. IF THERE is anyone out there who still doubts that America is
      AP  -  1,739 words
    • Article, Illustration
      Lock icon Change trumps Experience
      858 23  -  LEON HADAR ON the Big-Picture level of analysis, Barack Obama's victory should, indeed, be considered "historic" because, in many ways, it represented a turning-of-the-page in American history and reflected several dramatic transformations in American politics, economics and demographics. One could apply a "micro" level of analysis to
      AFP  -  858 words
    • LETTER TO THE EDITOR
      • Letter
        Lock icon Heavy Giro charges may send wrong signal
        112 23  -  Denis Distant WHY do banks take up to a month to set up interbank Giro payments arrangements? The whole process is electronic so where is the bottleneck, and why the exorbitant charges? On the other hand, once the Giro arrangement is set up
        112 words
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  • BizIT
    • Article, Illustration
      Lock icon 2008 sings for Samsung even if MP3 doesn't
      839 24 THE BUSINESS OF INFOCOMM TECHNOLOGY It projects 20% revenue increase this year on strong sales of phone handsets and printers but its MP3 player has not performed well, reports WINSTON CHAI A COMBINATION of groundbreaking offerings and aggressive marketing will help end
      AFP FILE PHOTO  -  839 words
    • Article, Illustration
      Lock icon LTA partners tech firms to realise its vision
      503 24  -  ONG BOON KIAT By WHILE waiting for their rides, bus commuters in Singapore are fed information via their mobile phones telling them exactly where buses are on the road, and when they will arrive. Meanwhile, live video are streaming from buses into
      503 words
    • Article
      Lock icon Google, Yahoo making concessions to clinch deal
      251 24 -AP [SAN FRANCISCO] Google Inc and Yahoo Inc have reportedly submitted a list of concessions that would deflate their proposed Internet advertising partnership to appease antitrust regulators threatening to block the alliance. The companies offered their revisions to the US Justice Department at
      -AP  -  251 words
    • Article, Illustration
      Lock icon SingTel to use Juniper's security solutions
      609 24  -  AMIT ROY CHOUDHURY Service will allow businesses to reduce risk, ease strain on their IT resources SINGAPORE Telecommunications will use Juniper Networks security solutions for its Managed Security Services (MSS) offerings, according to an announcement to be made today. As part of SingTel's suite
      609 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      39 24 Call 6-531 3700 now for the ACCPAC Specialists sage sage Stone Forest IT ISHUSIKUHSIEHi UfriUUiiSttS^l www.StoneForestlT.com.sq Call 6-531 3700 now for the IT Specialists wmmm Microsoft eag Stone FOPCSt IT GOLD CERTIFIED [ji| WIUMC IWI CJI II Partner www.StoneForestlT.com.sg
      39 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9222 25 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net COOO) High Low Buyer Seller C'vr P/E MCap $mil 13 3 3148 8Telecom 19 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 20.5 6 1938 AEI Corp 16 1.5 1100 AEM.
      9,222 words
    • Article
      Lock icon SGX CATALIST
      1986 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
      1,986 words
    • Article
      Lock icon SGX XTRANET
      76 26 52-Wk Tel h Low Code Last Sale Vol COOP) Day Ih Low Last Quote Buyer Seller Div GrYld Cvr Net MCap P/E Slllil Hi. Comi Hi. ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 IS S&P500 ***** ***** 6170 SPDRS
      76 words
    • Article
      Lock icon CLOB INTERNATIONAL
      78 26 52-Wk Tel High Low Code Last Sale Vol COOQ) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E Smil Comi >an' Hii 114 45 6000 AVJennings 20.5 4 6134 Over&Gen 41.5 6 6017 StarCruises 283 115 6019 TanChonglnt A50 A8 US10 HK115 +5 unch
      78 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8580 26 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.47/ AIGIF Spore Bond Fund/A 1.252. APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.59/ APS Alpha Fund (USD)!** 0.4/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6084/ APS Komaba Global
      8,580 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      26 25 7|T| In Association With v l 5 AUDEMARSriGUET i^^Tw&^-S^l f Le maitre de Vhorlogerie depuis 1875 :'^W "l .jfiM sjj I v &*™igW www.audemarspiguet.com dEj tS^B^^ *-?'>?"
      26 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      368 27 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Nov4 World Index Preliminary 749.9 4.1 -33.7 4.4 -35.1 4.7 -36.1 EAFE Preliminai 715.0 4.4 -36.2 5.1 -40.0 5.4 -41.. Euroi Prelim inan 1013.4 4.8
      368 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 27 As at 9am NovS Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0140 1.0670 .an dollar 1.2670 1.2820 Euro 1.8960 1.9180 NZ dollar 0.8840 0.9020 iterlini ind 2.3290 2.3551 US dollar 1.4620 1.4790 Local dollars to 100 units of foreign currency:
      130 words
    • Article
      Lock icon INTERBANK RATES
      174 27 NovS $S Offer Overnight 1/16 1-month 1 2-months 1 1/8 3-months 1 3/16 Overnight mode: 1/8 US$ Offer PAR 3/4 7/8 15/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 1.20 2.50 3.25 3.30 3.50 3.50 3.50 Offer 0.70 2.00
      174 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 27 NovS ten Hii Sett STI IIMSCI Nov 228.4 235 223.9 "aiwan Nov 194.7 196.7 189.6 Source: MF Global (S) He. Ltd
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      Lock icon US$/S$ FORWARD RATES
      22 27 Woi/5 Bid Offer 1-month 1.4758 1.4772 2 months 1.4737 1.4753 3 months 1.4712 1.4728 6-months 1.4644 1.4660 Source: OCBC
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      Lock icon PALM OIL
      63 27 NovS irr /nun iwim^ Delivery Month Opening Range Sett Av Price Price Hi Low Vol Open Done Position Nov08 1730 Dec 08 1660 Jan 09 1649 Feb 09 1650 Total o/p: ***** contracts 1690 1750 1670 167 1700 1646 1721 1627 1880 ***** 1640 1723 1626 ***** *****
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      Lock icon SGX DERIVATIVES TRADING
      304 27 NovS OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 97.9550 97.9850 97.8600 97.7100 6948 9172 4622 3530 EUROYEN TIBOR FUTURES DecO8 99.270 99.270 MarO9 99.370 99.370 JunO9 99.400 99.400 SepO9 99.355 99.360 DecO9 99.325 99.325 Mar10 Jun10 99.170 99.170 Sep10 99.250 99.350 99.360
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      Lock icon SICOM FUTURES
      193 27 Nov 5 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Dec 08 190.5 Jan 09 195.4 Feb 09 195.5 MarO9 195.6 Apr 09 May 09 188.0 187.0 187.0 187.0 183.0 187.0 186.0 185.0 187.0 187.0 40 22 25 26
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      Lock icon GOVERNMENT SECURITIES
      92 27 NovS TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****N 05.02.09 1-Year BY*****V 02.11.09 0.76 1.03 0.74 0.70 1.05 1.05 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year
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      Lock icon CHICAGO BOT
      101 27 Nov4\ (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 949.50 928.25 970.00 949.00 Jan 09 959.00 937.50 981.00 956.00 Mar 09 971.00 949.25 989.00 972.00 May 09 982.75 960.75 1002.00 983.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 35.97 34.74 37.07 35.70 Ian 09
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      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Nov 4 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 64.26 2.37 WTI (Near Mth) 70.08 6.03 Dubai (1-Mth F) 58.04 -3.41 Tapis blend 63.20 -5.00 Minas 61.85 -4.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 25.75 81.80 -5.40 -0.70 US$/barrel Opec Oil
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      Lock icon INTERBANK CROSS RATES
      462 27 NovS AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.800 4.702 0.535 5.334 32.472 75.708 0.685 8.706 2.426 1.150 55.779 33.050 1.017 6.712 0.805 22.587 24.051 0.434 0.688 Canada 1.250 5.876 0.669 6.667 40.581
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      Lock icon SIBOR
      72 27 Wo 1/5 (US$) (SS) 1.***** 0.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3 mths 0.***** mths 1.***** Imths 1.***** 2 mths 1.***** iWAP
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      Lock icon INTERBANK CURRENCY RATES
      157 27 Wo 1/5 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.0167 1.0182 0.6880 0.6885 Canadian dollar 1.2707 1.2723 0.8599 0.8604 Euro 1.9000 1.9016 1.2858 1.2859 NZ dollar 0.8843 0.8857 0.5984 0.5989 Sterlini md 2.3410 2.3438 1.5842 1.5849
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      Lock icon PRECIOUS METALS
      133 27 Novs GOLD (USS/oz) Nov04 NovOS Hong Kong London 730.00 758.60 731.00 759.60 Nov03 Nov04 726.75 760.00 728.75 762.00 Source: Thomson Reuters CAST BAR (S$) NovOS Buying Sellini Kilobar "38,830.30" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS Kinebar™
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      Lock icon LONDON METALS
      63 27 Nov 4 Co iiuiii, yy.i (US$/tonne) Close Previous :ash 2054.50 months 2109.00 2048.0I 1995.51 Copper, Grade A (US$/tonne) :ash months 4303.00 4301.00 4090.0I 4091.0! .ead (US$/tonne) :ash 1534.80 months 1540.00 1500.01 1493.51 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00 *****.01
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      Lock icon LIFFE
      69 27 Nov4\ :OCOA (Btonne) Close Prev Hii ih/Low Dec 08 1297 1290 1322/1279 Mar 09 1308 1301 1334/1293 May 09 1319 1311 1341/1304 JulO9 1329 1321 1353/1314 COFFEE (US$/tonne) Close Pev High/Low Nov08 1752 1603 1737/1600 Jan 09 1777 1642 1780/1628 SUGAR (US tonne) White Close Prev High/Low Dec 08
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      Lock icon BONDS & WARRANTS
      2963 27 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left >058AdvanceModulesGrpW*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 6.5 1481 Asia Water Tech W*****0 18.5 5816 #Asiasons Capital Ltd W*****7 4 !756# Asiatic Grp(H) Ltd W*****2 9.5 !105#AsiatravelW*****7 7 >878Aztech
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      3255 28 m The Business Times Shipping Times A KPR SES 3SE fell WAN HAI INTERNATIONAL PTE LTD CRN0:**********0/R W^^m K^LiESagagSaaatiaM iißßgfYrirr'rilfwßrW iilll 1% r^\ _■■>_.■ iiii_p«< TEL6226ISSS (14LINES) FAX:*****163 IV. !^^ll TT^^^V ■graffifSj 9B^ I V\\M\ WAN HAI INrN Customer Servicc/Bool(ingsDirc<tUnc-(1800)*****200 &2XL^M^^^^l^ EJ£JS|2j£|(]yjS39j!j!2£jdjfflSfl BjUEraulr JIU.jPn wWljWi I V "TV llnll IMI
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      5079 29 KimV IP E EASTERN CAR LINER, LTD ||^^KEEDB!Q iL-^^__l SPECIALIZE IN RORO& HEAVY LIFT UPTO 450 TONS [^^M KMllMillllililM lllllllllMl'lllllllllll^^^^M I I '"UK!) I Lillinq(KT) I MUA I SIN I PKL IKB I )KT I SUR I VOY ITA ITD PISjInATON^ PSL SERVICE Connecting AMX Service via P.KLANG Connecting ECL
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  • PROPERTY
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      Lock icon Property slump hits NY commercial market
      1298 30 Bloomberg Market headed for worst year since 2004 as deals plunge 61% through Oct [NEW YORK] New York City commercial real estate transactions plunged 61 per cent this year through October as the global credit crisis roiled lending and sidelined buyers. About US$l7 billion
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      Lock icon US Reits Macerich, Vornado post weaker Q3 results
      659 31 Reuters Core properties holding up well in declining economy; shares rise [NEW YORK] Two large US real estate investment trusts (Reits) reported weaker results on Tuesday, but their shares rose as core properties held up well in a declining economy and on
      – Reuters  -  659 words
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      Lock icon Jakarta property sector expects slowdown
      170 31 Xinhua [JAKARTA] Indonesia's property business in Jakarta and surrounding areas will see a slowdown next year due to increases in interest rates, inflation, prices of materials and rental costs, an official was yesterday quoted by The Jakarta Post as saying. "The impacts of the global
      – Xinhua  -  170 words
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      Lock icon UK Reit investors brace for new write-downs
      614 32 Reuters Few expect an end to asset markdowns, slim dividends and profit cuts [LONDON] It will take more than a clutch of interest rate cuts to convince investors in Britain's bombed-out property market that the biggest companies can lift the mood when reporting
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      2000 30 W*2^ kAT^V'-¥-'T^^T-'r' Toll free: 1800-289-8822 V IVI If L W Email: notices@sph.com.sg JL^I Vta>/ JL I V,y 1 'y^ www.cats.com.sg BAN JOO COMPANY LIMITED (Company Registration Number *****0100R) (Incorporated in the Republic of Singapore on 23 March 1964) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary
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      160 30 VI I-;—- -B HJ| For enquiries: ti, ;mS m^ m 142-158 Armagh Street I Unique 4,612m 2 development site in "The Prime" Christehurch CBD location I Proposed "Green Star" 12 level building with X ™--ta title 1,550m 2 to 2,100m 2 fflffl^/ 5 I Additional Gloucester Street title provides rear
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      2 30 -c I
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      221 31 I Rare Commercial Redevelopment Site I 11 I in Marine Parade Central I Site Area: 1,734 sq.m/18,665 sq.ft I Plot Ratio: 8.445 (Based on Written Permission) I 99 years Leasehold I Squarish Plot with good frontages and high pedestrian traffic Located in established Marine Parade New Town 11 I Good
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      456 31 r 4 MORTGAGE tB| HkN. ft*"" ***si Our name X*>ez%a may be on it. V~ J% But the real winner is you. We're delighted to have won the Your Mortgage magazine Best Overseas Mortgage Lender award. But in truth, you're the real winner. That's because if you're looking to buy
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      1080 32 FOR SALE Good Class Bungalow On BISHOPSGATE ***** 9000 sq.ft. (approx.) Vacant Possession For Viewing and Inspection, pis call CB Richard Ellis (Pte) Ltd John Goh 6854 8678 9383 6780 Expression of Interest m E3 closing 12 Nov 08 (3pm) cSTS^eSI LQJfind the ones hrt "U pJ THAT FIT! C
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