The Business Times, 8 November 2008

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Microfilm: NL29538
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES NOVB-9, 2008 Ssl.oo mm AN SPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg
    14 words
  • Article, Illustration
    Lock icon DBS chops 900 jobs
    798 1  -  Conrad Tan Q3 net profit slumps 38% to $379 million; worst performance since end-2005 By conradt@sph.com.sg Singapore DBS Group will slash 900 jobs or 6 per cent of its work force by the end of the month, the bank said yesterday as it reported its worst
    ARTHUR LEE  -  798 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      113 1 B^jtflKf MOTORING LIFT OFF SIA, pilots seal pay deal SINGAPORE Airlines and its pilots hammer out a Collective Agreement, after setting aside contentious issues in view of the industry turbulence 2 MARINA BAY IR Casino boss turns tables his way CHAIRMAN expects to open on time, and with possibly even
      113 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      20 1 HEAD HONCHOS raffles conversation William Rhodes I 6-7 from the desk of GanßoonSan I 9 1 iTiW A Wji m^.
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    • Miscellaneous
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      6 1 REAL ESTATE Interview with David Lawrence
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  • TOP STORIES
    • CONTENTS
      • Article
        Lock icon NEWS
        42 2 Top stories 1-5 Raffles Conversation 6,7 Week In Review 8 The CEO Column 9 Companies 10-14 Singapore 15-17 Letter From Abroad 18 World 19-22 Stocks stats 23-27 Perspective 28,29 Wealth 30-36 Show Me The Money 32 Househunt 35 Real Estate 36
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      • Article, Illustration
        Lock icon LIVING
        29 2 Travel L 2-3 Dining L 4-8 Entertaining L 9 Bull Charge 2008 LIO-IT Home Garden Ll2-13 Shopping LT4-T5 Sport LT6 Golf U6.T7 Weekend With LTB Motoring LI 9-20
        29 words
    • MARKETS
      • Article
        Lock icon STOCKS
        45 2 KL COMP 893.95 -2.00 NIKKEI 225 8,583.00 -316.14 HANG SENG 14,243.43 +453.39 SET 463.81 +0.88 IAKARTA 1,338.36 +30.46 MANILA 1,921.34 -20.28 KOSPI 1,134.49 +42.27 SHENZHEN B 231.07 +2.62 MUMBAI IND 9,964.29 +230.07 llnm EDT Chnngrp 11am EDT Change DOW 8,857.08 +161.29 NASDAQ 1,640.63 +31.93
        45 words
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 16.826 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 3.00 US 4.00 CANADA 4.00 SWITZERLAND 2.41 INDIA 13.75 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        38 2 'US: 1.559 2.329 EURO(US$/S$/E) 1.278 :oreign currency per US$, S$ 1.908 EN 97.60 65.40 3.556 2.381 K$ 7.750 5.189 1AHT 34.99 23.43 :UPIAH 11,150 7,466 :ENMINBI 6.825 4.570 NDIAN RUPEE 47.78 31.99 1.502 1.005 IZ$ 1.698 1.137
        38 words
    • Article
      Lock icon SIA and its pilots hammer out pay deal
      403 2  -  Yen Sreenivasan By ven@sph.com.sg Singapore AFTER a year of tough negotiations and hard bargaining, Singapore Airlines (SIA) and its pilots have sewn up their long overdue Collective Agreement (CA), thereby narrowly avoiding landing in the Industrial Arbitration Court. BT has learnt that
      403 words
    • Article, Illustration
      Lock icon Casino boss turns tables his way
      782 3  -  Arthur Sim Under-fire Marina Bay IR can increase gaming tables while its boss says project remains on track By simska@sph.com.sg Singapore A SHADOW may have been cast over the prospects of the Marina Bay Sands (MBS) but Las Vegas Sands (LVS) chairman Sheldon Adelson
      782 words
    • Article
      Lock icon Jobless rate hits 14-year high
      355 3 AP, Bloomberg, Reuters LATEST US DATA Washington THE US unemployment rate bolted to a 14-year high of 6.5 per cent in October as another 240,000 jobs were cut, the government said yesterday. This is stark proof that the US is almost certainly in a recession,
      AP, Bloomberg, Reuters  -  355 words
    • Article, Illustration
      Lock icon To the White House via Kenya, Hawaii
      962 4  -  Jamie Lee THE OBAMA STORY By leejamie.sph.com.sg Singapore FIREWORKS were meant to go off the day Barack Obama won the US presidential elections on Tuesday night (Wednesday afternoon, Singapore time). He vetoed the plan. Instead, he chose to spend time with his wife
      962 words
    • Article, Illustration
      Lock icon Ubin to host testing site for 'green' energy
      477 5  -  Ronnie Lim Alternative sources that will be test-bedded include solar, wind and biodiesel By ronnie@sph.com.sg Singapore PULAU Übin, a well-known adventure getaway for nature lovers, is going to be used as a test-bed for clean and renewable energy, including alternatives like solar,
      FILE PHOTO  -  477 words
    • Article, Illustration
      Lock icon Golf memberships at 18-mth low
      387 5  -  Yen Sreenivasan By ven@sph.com.sg Singapore IF you have been eyeing that golf club membership for a while, now may be the time to pounce. Then again, maybe not. The open market prices for golf club memberships in Singapore have sunk to their lowest level in
      Compiled byBT  -  387 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      193 3 /£v THE f^ Suntec Singapore Halls 402 to 404 FOOD oArARI i4t o i6Nov2oo B &HO«eELECTRONICSfair "am 10pm daily Free Admission The show that lets you indulge in Singapore's favourite pastimes Eating, Drinking and Shopping all at once. Join us at this event with exciting themed stations spanning across B,ooosqm.
      193 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Fire fighter
      2554 6  -  Wong Wei Kong IN A bullish world, his was among the few voices urging caution. William Rhodes warned of a sub-prime crisis two years ago, but few then heeded the banker who made his name fighting economic fires around the world over three long decades. And it's something
      ARTHUR LEE  -  2,554 words
    • Article
      Lock icon Raffles
      76 6 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
      76 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • Article, Illustration
      Lock icon THIS WEEK
      579 7 Nov 3-7, 2008 All indicators down: BT-UniSIM survey KEY indicators of a business activity survey have fallen to their lowest readings in five years, with the sentiment measure down at nearly a seven-year low. What's more, the findings from the latest BT-UniSIM business climate survey point to possibly
      AFP  -  579 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      203 7 CRYPTIC CROSSWORD ACROSS mm~- H~ I '~at' n com Poser (5) (5,3,6) 24 House with a faulty sign? 17 Inflexible outfit I _J youngster? Not lacking hotel (4) I 23 Twisted tree, feature in I -n. Across: 1 Thundering, 6 Lido, 9 resort Dai l y; 10 W ickedest, 12
      203 words
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      82 7 NEXT WEEK Nov 10-14/08 US DATA Nov 13 Initial job claims Sept trade balance Oct Treasury budget Nov 14 Oct export/import prices ex-oil Oct retail sales Sept business inventories SINGAPORE DATA Nov 14 Oct retail sales and catering trade indices COMPANY RESULTS Nov TO China Sunsine Chemical Hldgs NovTT Del
      82 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon In praise of open source technology
      693 8  -  Gan Boon San If you think it's only for geeks and student activists, think again. There are no costs involved, and it offers genuinely collaborative innovation FROM THE DESK OF President for Asia South, Sun Microsystems ACROSS the globe and across industries, the financial
      693 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Banks warn of difficult times ahead
      979 9  -  Conrad Tan Sharply higher provisions for bad loans start eating into profits By conradt@sph.com.sg Singapore SINGAPORE banks are sounding warnings about the state of the economy, raising provisions sharply in anticipation of bad loans in the months ahead. "Some months ago, I said that
      ARTHUR LEE  -  979 words
    • Article
      Lock icon Sembcorp boosts Q3 net profit by 24.8% to $144.9 m
      407 9  -  Vincent Wee By vincewee@sph.com.sg Singapore SEMBCORP Industries has boosted third-quarter profit 24.8 per cent to $144.9 million on an 11.7 per cent increase in revenue to $2.5 billion. For the first nine months, the main profit contributors continued to be
      407 words
    • Article, Illustration
      Lock icon SIA holding up amid downturn
      659 10  -  Yen Sreenivasan Carrier's forward bookings and capacity utilisation still relatively good By ven@sph.com.sg Singapore DESPITE deteriorating operating conditions, Singapore Airlines' forward bookings and capacity utilisation remains relatively good. But the airline will keep a sharp eye out to make sure yield stays within acceptable limits.
      659 words
    • Article
      Lock icon Thakral chalks up $2.99m Q3 loss
      247 10  -  Emilyn Yap ay emilyny@sph.com.sg Singapore THAKRAL Corporation finished in the red for a third straight quarter this year, racking up a net loss of $2.99 million for the three months ended Sept 30. This translates to a loss per share from continuing operations of
      247 words
    • Article, Illustration
      Lock icon S-shares not out of the woods yet
      934 11  -  Lynette Khoo SECTOR IN FOCUS All eyes are on how the Chinese economy pans out and whether fiscal policies will offer buffer. By THE rebound by S-shares this week may well turn out to be a dead cat bounce, as negative surprises in
      : Bloomberg  -  934 words
    • Business briefing
      • Article
        Lock icon Jaya's Q1 net profit plunges to $9.1m
        79 11 JAVA Holdings reported that net profit fell to $9.1 million in its first quarter ended Sept 2008, from $42.2 million a year ago. The decrease was largely due to $27 million in unrealised marked-to-market losses on foreign exchange hedging instruments, and another $10.2
        79 words
      • Article
        Lock icon Midas's Q3 net falls 15.8% to $8m
        64 11 MIDAS Holdings saw its net profit fall by 15.8 per cent to $8 million in Q***** as revenue declined 8.2 per cent to $35.9 million from a year ago. While its aluminium alloy division, which contributed about 91 per cent of total revenue,
        64 words
    • Article, Illustration
      Lock icon Pre-election rally fizzles out
      607 12  -  R Sivanithy STOCKS But investors should welcome the change of US govt, say analysts sivan@sph.com.sg Senior correspondent THIS was a week in which there was a clear "buy in anticipation, sell on news" element though in the case of Singapore Airlines, the reverse probably held true.
      607 words
    • Article
      Lock icon TOP 20 ACTIVES
      114 12 VOL CLOSE VGolder ***** 20.5 0.0 0.0 AusGrour 69,613 27 4.5 20.0 China Hon! 49^67 23.5 2.5 11.9 Sini ;Tel 48,455 252 17.0 7.2 Ezra 42,097 77.5 -2.0 -25 Gent Intl 41,514 39.5 0.0 0.0 Cosco Cori 41,479 87 3.5 4.2 JiutianC 41,430 4.5 -1.0 -18.2 StraitsAsia
      114 words
    • Article
      Lock icon TOP GAINERS
      56 12 CLOSE UP OCBC Bk 4.5%NCPS 100 8290 112.0 1.4 S I A 1200 60.0 5.3 SIA 200 1180 56.0 5.0 China H 10US$ 894 47.8 3.7 Cifr 645 35.0 5.7 Kei Con 519 34.0 7.0 DBS Gri 1140 30.0 2.7 F&N 316 30.0 10.5 Jardine C&C 1050 30.0
      56 words
    • Article
      Lock icon TOP LOSERS
      44 12 CLOSEDOWN IMH 2050 -110.5 -3.! 'enture Con 577 -55.0 -8/ JOB 5.05%NCPS 100 8900 -50.0 -O.i JSH 1074 -38.8 -2.. JOB 1314 -24.0 -1.! 201 -17.0 -7.! >BSMBLiCW*****0 33.5 -14.5 -30. IBS RB ePW*****3 129 -12.0 -8.! iTI 2350BNPePW*****0 104 -12.0 -10.:
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    • Article
      Lock icon STI STOCKS
      96 12 :apitaLand 3.170 +0.050 2.010 -0.170 :if 'Dev 6.450 +0.350 ]osco Con 0.870 +0.035 IBS Grp 11.400 +0.300 :&N 3.160 +0.300 lent Intl 0.395 iolden 0.205 IK Land 2.570 -0.080 IMH 20.500 -0.740 ISH 10.740 -0.260 lardine C&C 10.500 +0.300 lei Con 5.190 +0.340 Land 2.070 +0.010 loble Grp
      96 words
    • Article, Illustration
      Lock icon Transcu to be first Japanese biotech listing here
      504 12  -  Chen Huifen By xuifen@sph.com.sg Singapore JAPANESE biotech firm Transcu plans to boost its presence in Singapore, where it is raising up to $99.6 million. According to a circular to shareholders, it will issue up to 262 million new shares at 38 cents
      JOSEPH NAIR  -  504 words
    • Article
      Lock icon Venture Q3 earnings plunge 47.4%
      440 13  -  Winston Chai Although sales inched up 3.2%, the weaker US dollar and CDO losses pulled net profit down to $40.1 m By winstonc@sph.com.sg Singapore VENTURE Corporation's third-quarter profit suffered the sharpest quarterly drop in the past 12 months, with the weakening US dollar and collateralised
      440 words
    • Article
      Lock icon MI-Reit's DPU jumps 26% to Unknown in Q2
      394 13  -  Emilyn Yap By emilyny@sph.com.sg Singapore MACARTHURCOOK Industrial Reit (MI-Reit) yesterday posted net property income of $9.3 million for its second quarter ended Sept 30, 2008 up 58 per cent from a year earlier. The improvement was largely due to rental income from
      394 words
    • Article
      Lock icon At a glance
      322 13 Q3 and 9-month results ended Sept 2008 NET PROFIT (S$M) COMPANY CURRENT PREVIOUS CHNG I TURNOVER (S$M) CURRENT PREVIOUS CHNG NET PROFIT (S$M) CURRENT PREVIOUS CHNG I TURNOVER (S$M) I CURRENT PREVIOUS CHNG DBSGrp 379.00 610.00 -37.9 1398.00 1537.00 -9.0 1634.00 1787.00 -8.6 4578.00 4630.00 -1.1 JardineC&C
      322 words
    • Article
      Lock icon Globe plans 10b pesos in bonds
      104 13 Reuters Manila GLOBE Telecom, the Philippines' second-largest phone firm, said yesterday its board had approved a plan to issue 10 billion pesos (Ss3o7 million) in retail bonds next year to diversify its sources of funding. Globe, owned by Singapore Telecommunications and local conglomerate Ayala
      Reuters  -  104 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      950 10 w A WATS CHABEIM CHASEN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6814G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 25 November 2008 at Banquet Halls 1 2, Raffles Country Club, 450
      950 words
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  • SINGAPORE
    • Article
      Lock icon Fight for talent driving down personal taxes: KPMG survey
      592 14  -  Lynette Khoo Among 87 countries surveyed, 33 have cut their rates in the past six years Reports by lynkhoo@sph.com.sg THE fight for talent is driving down personal taxes around the world amid increased labour mobility, says a KPMG International survey. Top
      592 words
    • Article, Illustration
      Lock icon Singapore, Hong Kong taxes – a fair cut
      340 14 Singapore, Hong Kong taxes a fair cut TAXES in Singapore and Hong Kong are seen by tax practitioners in these jurisdictions as fair, given their simplicity, transparency and the low compliance cost involved, says an ACCA survey released yesterday. The survey, conducted between end-2005 and June this year, gathered views
      FILE PHOTO  -  340 words
    • Article, Illustration
      Lock icon Savills S'pore director to join European private bank
      204 14  -  Uma Shankari By shankari@sph.com.sg SAVILLS analyst Ku Swee Yong will leave the property firm at the end of this year and join a European private bank as a real estate adviser, sources have told BT. Mr Ku, who is now director of
      204 words
    • Article, Illustration
      Lock icon French chip firm unveils its first Asia wafer plant
      496 15  -  Amit Roy Choudhury Soitec upbeat about prospects of Pasir Ris outfit despite economic slowdown By amit@sph.com.sg FRENCH company Soitec, the world's leading supplier of sili-con-on-insulator (SOI) wafers, yesterday inaugurated a $700 million wafer fabrication plant at Pasir Ris. The new outfit,
      LIANHE ZAOBAO  -  496 words
    • Article, Illustration
      Lock icon Keppel Fels wins top manufacturing honours
      326 15  -  Chen Huifen Reports by xuifen@sph.com.sg KEPPEL Fels has emerged overall winner of this year's Manufacturing Excellence Award (Maxa), the first time a homegrown firm has clinched the top accolade. A global leader in designing and building jack-up and semi-submersi-ble rigs, Keppel Fels impressed the
      326 words
    • Article
      Lock icon Adaptability will take manufacturers through downturn
      358 15 ADAPTABILITY and relative strengths will be vital for manufacturers coping with the challenges of the current economic climate, say the judges of a manufacturing award. But they have no doubt that Singapore-based producers have these qualities to see them through. "You know, the economic
      358 words
    • Article, Illustration
      Lock icon $1.13b Downtown Line contracts awarded
      603 16  -  Samuel Ec Early award of contracts will necessitate appointment of an operator soon: observers Reports by samuelee@sph.com.sg THE Land Transport Authority (LTA) has awarded six contracts worth a total of $1.13 billion for the entire Downtown line (DTL) project even before the operator for the
      603 words
    • Article
      Lock icon SMRT unveils $12m train information system
      332 16 SMRT Corp will spend $12 million over the next two years fitting a dynamic route map and information system on its trains so travellers can better track their journey. The user-friendly STARiS system is similar to others in Hong Kong and Japan but has
      332 words
    • Article, Illustration
      Lock icon Asia's growth story undimmed by current global crisis
      413 16  -  Teh Shi Ning By tshining@sph.com.sg THE coining years will be difficult for Asia but beyond that, the story of growth and Asia's rising economic power will continue to unfold. The consensus among panellists at the second annual Insead Leadership Summit Asia yesterday
      REUTERS  -  413 words
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  • LETTER FROM ABROAD
    • Article, Illustration
      Lock icon Preserving a proud heritage
      810 17  -  Denise Chng Lisan LETTER FROM QUEBEC Artist writer "TRAVEL is more than the seeing of sights; it is a change that goes on, deep and permanent, in the ideas of living," wrote Miriam Beard. life in Quebec is now my teacher, pointing out my knowledge gaps
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  • WORLD
    • Article, Illustration
      Lock icon Nod for Japan banks on unrealised losses
      497 18  -  Anthony Rowley Government allows losses on holdings of crisis-hit financial instruments to be concealed from next month to March 2012 By btworld@sph.com.sg Tokyo IN the clearest sign yet that Japanese banks are being hit harder than expected by the global financial and economic
      AP  -  497 words
    • Article, Illustration
      Lock icon KL judiciary seen asserting itself
      418 18  -  Pauline Ng By btworld@sph.com.sg Kuala Lumpur AN order by a Malaysian High Court judge for the country's top blogger, Raja Petra Kamarudin, to be freed from detention on the grounds that his arrest under the Internal Security Act (ISA) was unlawful has been hailed by
      418 words
    • Article
      Lock icon Panasonic, Sanyo begin talks on buyout deal
      305 18 AP Tokyo PANASONIC and smaller Japanese rival Sanyo said yesterday they are starting talks on a buyout deal that would create one of the world's largest electronics companies as soon as year-end. Panasonic president Fumio Ohtsubo and Sanyo president Seiichiro Sano shook hands
      AP  -  305 words
    • Article, Illustration
      Lock icon Banks under fire again for selling toxic derivatives
      691 19 Reuters Companies are hit a second time by these trades, including complex products that seemed to offer easy money or zero-cost hedges Singapore INVESTMENT banks already under fire for risky lending practices in Western markets face another barrage of criticism over selling
      Reuters; REUTERS  -  691 words
    • Article, Illustration
      Lock icon France opens S'pore office to woo investors
      598 19  -  Chuang Peck Ming By peckming@sph.com.sg Singapore FRANCE is serious about attracting investments from Singapore and the rest of South-east Asia. Investment in France Agency, the country's equivalent of Singapore's Economic Development Board, has set up an office in Singapore in the midst of
      598 words
    • Article
      Lock icon Bank of Korea trims its base rate by 25 bps
      171 19 Reuters Seoul SOUTH Korea's central bank cut interest rates yesterday for the third time in a month and kept the door open for more action, joining global efforts to shore up the world economy and soothe troubled financial markets. The
      Reuters  -  171 words
    • Article
      Lock icon Just the tip of the credit swap iceberg
      671 20 Bloomberg Major report fails to capture a huge chunk of the highly toxic assets Washington THE most comprehensive report on unregulated credit-default swaps didn't disclose bets in the section of the more than US$47-trillion market that helped destroy American International Group Inc,
      Bloomberg  -  671 words
    • Article, Illustration
      Lock icon Struggling US automakers go cap in hand to Washington
      382 20 AFP Washington LEADERS of the struggling US auto industry were in Washington on Thursday asking for even more help from the government as they battle to staunch the haemorrhaging of their balance sheets. Congress recently authorised US$25 billion in loan guarantees
      AFP; REUTERS  -  382 words
    • Article
      Lock icon Microsoft offers sweeter Verizon deal: report
      208 20 Reuters Bangalore MICROSOFT Corp, capitalising on Google Inc's regulatory snarl, is working to steal a deal with Verizon Wireless away from its rival, The Wall Street Journal said. Microsoft has got the mobile carrier's attention by offering a sweeter deal to put its search
      Reuters  -  208 words
    • Article, Illustration
      Lock icon Crisis complicates Obama's transition
      742 21 AP President-elect has to hit the ground running to prevent recession from turning into something worse, say observers Washington AS president-elect, Barack Obama faces a tricky task as he begins dealing ever more directly with the US economic melt-down, grappling with the worst financial crisis in
      AP  -  742 words
    • Article
      Lock icon Picking the new SEC chief – time is of the essence
      492 21 Picking the new SEC chief time is of the essence Bloomberg Washington PRESIDENT-ELECT Barack Obama should act quickly to name a new leader for the Securities and Exchange Commission, an agency that has drawn fire for not doing enough to regulate markets and protect investors, US lawmakers said. "The new
      Bloomberg  -  492 words
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  • Page 21 Advertisements
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  • SGX
    • Article
      Lock icon Untitled
      8999 22 Transaction date: Nov 7 Transaction date: Nov 7 Transaction date: Nov 7 SZ-wks Tel High Low Code Company Last Sale Vol (■000) Day Last Quote High Low Buyer Seller Div GrYld C'vr Net P/E MCap $mil SZ-wks Tel High Low Code Company Last Sale Vol Day Last Quote ('000) High
      8,999 words
    • Article
      Lock icon SGX CATALIST
      1557 25 High Low Code Company ligl, Sale ('000) High Low Buyer Seller C'vr P/E Smil !0 11.5 1181 s AA Grp 52 16.5 8538 s APStrategic > 1 1501 s Advanced System 58 12.5 3518 s Afor !6 2.5 1524 s Alantac !0 3.5 7814 s Albedo 9.5 1.5
      1,557 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      48 25 Up Down Unch 6 4 5 Up Down Unch 0 0 0 Up Down Unch 6 4 5 lulti Ind lanui tectunnt -inance ]onst ruction 'roperties •rot Totel Jsts" »ervices lect Mef ire /jfninj ;lw Active counters with no volume for todai are not included
      48 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      180 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      180 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      826 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 3 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) Substantial Shareholder/ Director Buy Sell Cony No of Shares *000 Price Per Shr$ SHAREHOLDING Before After (*000) (*000)
      826 words
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  • MARKETS
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 26 YTD change: -46.23% 52-week high: 3,643.87 on Nov 7,2007 52-week low: 1,473.77 on Oct 28,2008 Source: Bloomberg
        Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        19 26 YTD change: -48.79% 52-week high: 30,195.6 on N0v7,2007 52-week low: 10,676.2 on Oct 27,2008 Source: Bloomberg
        Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 26 YTD change: -34.45% 52-week high: 13,780.10 on Dec 11,2007 52-week low: 7,882.51 on Oct 10,2008 (Chart shows Thursday's index closing) Source: Bloomberg
        : Bloomberg  -  26 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      366 26 In local curr In S$ In US? dy yr dy yr dy yr Index Change Change Change Change Change Change Nov6 World Index Preliminai 698.2 -4.5 -38.3 -4.0 -39.1 -5.0 -41.2 tEAFE Preliminai 675.6 -5.8 -39.7 -5.8 -43.0 -6.8 -45.0 Euroi Preliminai 934.3 -5.8 -39.5
      366 words
    • Article, Illustration
      Lock icon Shanghai Stock Exchange Composite
      19 26 YTD change:-66.78% 52-week high: 5,610.95 on N0v7,2007 52-week low: 1,664.92 on Oct 28,2008 Source: Bloomberg
      Bloomberg  -  19 words
    • Article, Illustration
      Lock icon Nikkei 225
      19 26 YTD change: -43.93% 52-week high: 16,326.50 on Nov 7,2007 52-week low: 6,994.90 on Oct 28,2008 Source: Bloomberg
      Bloomberg  -  19 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      146 26 Atol/7| :urrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 0.9938 Offer 0.9954 Bid 0.6657 Offer 0.6662 :anadian dollar 1.2442 1.2457 0.8334 0.8338 iuro 1.9072 1.9092 1.2775 1.2778 IZ dollar 0.8786 0.8802 0.5885 0.5891 jterlini 2.3274 2.3305 1.5590 1.5598 IS dollar 1.4929 1.4941 >$/US$ to
      146 words
    • Article
      Lock icon LIFFE
      65 26 Nov6l IOCOA (£/tonne) Close Prey Hij fLow )ecO8 1260 1265 1287/1256 1273 1280 1300/1269 >teyO9 1284 1291 1308/1281 lul 09 1296 1302 1317/1294 COFFEE (US$/tonne) Close Pev High/Low \lov08 1698 1775 1742/1705 Ian 09 1728 1800 1780/1720 SUGAR (US tonne) White Close Prey High/Low )ec 08 327.0 345.4 344.0/325.7
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      Lock icon CHICAGO BOT
      103 26 Nov6\ SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low Nov08 899.50 894.75 901.00 875.00 Jan 09 906.00 904.00 911.00 883.00 Mar 09 915.00 916.00 919.00 896.00 May 09 924.50 927.75 927.00 906.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low Dec 08 34.17 34.02 34.40 33.16 Jan
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      Lock icon OIL
      74 26 Nov6l CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 56.88 -5.30 61.00 -4.18 58.85 -2.77 63.50 -3.50 60.70 -4.05 PRODUCT USS/barrel (FOB Spore) Close Change Naphtha Jet Kerosene 31.50 -3.20 84.60 -1.90 USS/barrel Opec Oil Basket Price 58.94
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      Lock icon METALS
      74 26 Nov 71 GOLD (US$/oz) Nov 06 Nov 07 Hong Kong 742.20 741.50 743.20 742.50 Nov 05 Nov 06 London 749.80 741.85 751.80 743.85 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 15.36 15.05 Source: UOB PLATINUM Lon (US$/oz) Nov 06 Close Previous PM Fix 862.00 870.00 AM Fix
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      Lock icon PALM OIL
      64 26 Nov7\ KLCE PALM FUTURES (RM/MT) Deliver/ Opening Sett Av Month Range Price Price Low Vol Done Open Position Hi, Nov08 1640 Dec 08 1565 Jan 09 1580 Feb 09 1580 1644 1660 1640 1600 1637 1565 1609 1640 1560 1615 1640 1563 89 1464 7332 ***** 5460 *****
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      Lock icon LONDON METALS
      67 26 )Vov6| tluminium, 99.7% mrity (US$/tonne) Close Previous :ash 1 months 1984.80 2039.00 2036.00 2091.00 :opper, Grade A ;us$/tonne) lash J months 3786.00 3805.00 4066.50 4070.00 ■ead (US$/tonne; :ash months 1453.50 1459.00 1506.00 1511.00 lid /tonne; lose ■revious :ash months •in (US$/tonne; *****.00 *****.00 *****.01 *****.01 :ash 1 months
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Grim outlook for US, UK
      1398 27  -  Gerard Lyons Protectionism could hit global trade and capital flows, damaging the economic outlook further By prospects for the US, arguing at that time that the US economy was heading into recession and that interest rates would fall to one per cent. It is amazing,
      BLOOMBERG  -  1,398 words
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      Lock icon What the free market needs to deliver
      891 27  -  Claire Berlinski LAT-WP Such a market relies on specific social, moral and political institutions that must be exceedingly robust By THE free-market system, it is fashionable to say, is to blame for the current financial crisis. By way of rejoinder, a growing cohort
      – LAT-WP  -  891 words
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  • Wealth
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      Lock icon Ultimately, there was no protection at all
      1058 28  -  Genevieve Cua Bar the marketing of structured products from the retail market altogether and ditch the 'protected' label gen@sph.com.sg Personal Finance Editor WHICHEVER way you look at it, an investment fund or note that trumpets a "protected" stamp is very clever marketing. As
      1,058 words
    • WEALTH INVESTING
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        852 28  -  Jamie Lee Singapore banks Underweight CIMB-GK Research Nov 7 THE Sands problem: Las Vegas Sands (LVS US), the sponsor of Singapore's Marina Bay Sands integrated resort, saw its share price plunge 33 per cent overnight. Sands said in an SEC riling that it is working with a financial
        852 words
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        Lock icon The risk of going up in a puff of smoke
        1624 29  -  Teh Hooi Ling SHOW ME THE MONEY Can we spot the Lehmans before they are in trouble? Well, a company's financial data does not always contain warning signs, even if it's about to sink into a quagmire hooiling@sph.com.sg Senior correspondent
        BLOOMBERG; Bloomberg; 2: Edgar Online (as of Sept 30,2007)  -  1,624 words
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        Lock icon It's all about confidence
        1149 30  -  Albert Lam WEALTH INSIGHTS Warding off a collapse of the financial system would bring in new investment opportunities Investment director, IPP Financials Adviser SEVERAL industry experts have written about the fear and greed that have wreaked havoc and caused billions of dollars to be wiped off
        STOCK.XCHNG  -  1,149 words
    • WEALTH REAL ESTATE
      • Article, Illustration
        Lock icon Completed products may be the way to go for developers
        791 32 Wheelock Properties CEO says the new trend will raise the stakes for developers to deliver good-quality projects. By Kalpana Rashiwala WHEELOCK Properties (Singapore) CEO David Lawrence sees developers having to sell residential projects as completed products and not off-plan, before
        ARTHUR LEE  -  791 words
      • Article
        Lock icon David Lawrence a Singapore fan
        497 32  -  Kalpana Rashiwala By DAVID Lawrence is an unabashed admirer of the Singapore Government and its policies, which he says have been beneficial for the island's property market. Singapore's success has been due largely to integrity of its government, its banking system and main corporations, as
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  • Page 29 Advertisements
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      145 29 weekend Congratulations to the winners of the top 10 prizes of Business Times "20 Desirables"! Ha^^ MENDIS FREDERICK VC BIN ABDULLAH FAHIZAL ONGZEQI LIEW VERONICA KHOOWHEELENG SXXXOI43C SXXX3SSBI SXXXI4S6C SXXX3OBSJ SXXX7B6OJ V U l_^J T C S O Ig^J S o £™3 T *^^M "-^^^^p^^^^^^^^^^T *^^^^^^^^^m^^^»^ *^^^m^m^^^^^^^^^ ENGSOOHKHAI YONG BOOH
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      852 31 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 1 Country Park Apt 22/10/2008 FH 1313 928 707 NON-LANDED KewGreen Apt 24/10/2008 99 3057 1250 409 Pearls Cte Apt 20/10/2008 99 1410
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  • Page 33 Miscellaneous
    • Miscellaneous
      Lock icon Page 33 Miscellaneous Column 1
      81 33 P|HHHBHHHHR jf 1 nMA^IK Kl' v\ IWHWr^^^^^^^H URBN HOTELS SHANGHAI dining The rise and rise of neighbourhood eateries L 4-6 shopping Still splurging on quality lingerie Ll4-15 entertaining Seasonal advice from chef Luke Mangan L 9 no holds barred Make the most of the Youth Olympics Ll6 SGX BULL CHARGE
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  • BT Living
    • TRAVEL
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        Lock icon On neutral ground
        1356 34 Hotels around Asia are starting carbon neutral initiatives, where donating a mere fraction of a night's sleep can help offset the environmental damage that travellers are contributing to. By Lim Sio Hui SO you turn off the computer and lights after use, and lower the airconditioning at
        1,356 words
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        Lock icon Saving the earth in style
        193 34 THEY'VE installed the solar panel and reduced towel changes, but not scrimped on sexy designer furniture and fabulous amenities here's how these hotels are saving the earth, without saving on style. Urbn Hotels Shanghai (above) Shanghai, China Number of rooms: 26 he design: Chinese-modern, with
        193 words
    • DINING
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        Lock icon CLOSE TO HOME
        2279 35  -  Audrey Phoon FUSS-FREE DINING Chiharu (right) occupies an inviting, uncluttered space and serves authentic fare like steamed matsutake mushrooms in a tea pot (below) Chiharu 779 Bukit Timah Road a 6769-1929 www.chiharu.com.sg THERE'S no rule that says family restaurants can't be sleek, stylish and sophisticated as well
        2,279 words
      • Article, Illustration
        Lock icon MICHELIN STARS
        1174 38  -  Geoffrey Eu Jamie Ec Jaime Ec BT Weekend takes a look at three widely-acclaimed chefs and their cuisine. The trio will be in town next week. Eyvind Hellstrom at St Regis The St Regis Singapore From Nov 13 to 16 S 6506-6866 As winter approaches in the northern
        1,174 words
    • ENTERTAINING
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        Lock icon Seasonable advice
        807 39  -  Cheah Ui-Hoon guest chef For Luke Mangan, good sea salt is a must. But pepper, he feels, is often over-used. NOT unlike a lot of chefs, Australian Luke Mangan cooks what he likes to eat. "I love Asian food, but I don't like chilli, so you won't see
        JONATHAN WONG  -  807 words
    • THE BULL CHARGE 2008
      • Article, Illustration
        Lock icon When bull and bear meet
        436 40 WITH no bulls to chase in the markets, Shenton Way workers had to be content chasing one another recently. Some 2,700 employees of 68 listed companies and financial institutions ran off some steam in Singapore Exchange Bull Charge 2008. The Oct 24 event benefited a
        436 words
    • HOME & GARDEN
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        Lock icon WORK IN PROGRESS
        1093 41 personal space More home improvements are in the pipeline for this serene, sophisticated abode. By Corinne Kerk STEP into Dayle Purcell's home and you will soon realise that it is a house built for entertaining for both young and old. On closer inspection, however, you will also
        1,093 words
    • SHOPPING
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        Lock icon PRIVATE PLEASURES
        1332 42  -  Melissa Lwee There's an upward trend in the luxury lingerie market and an influx of quality high-end labels in the past year has helped to up the ante. By T is just another day in the hit television show Sex and the City, and a disgruntled Samantha Jones
        1,332 words
      • Article
        Lock icon Grand dame of luxe lingerie
        598 42 IN 1990, when hot fashion labels never mind hot lingerie labels were still a growing movement in Singapore, the world's first La Perla boutique opened in the now defunct Promenade shopping centre. It was opened by Liza Hariman a bold move at a time when
        598 words
    • GOLF AND SPORT
      • Article, Illustration
        Lock icon Make the most of YOG, S'pore
        651 43  -  Lee U-Wen no holds barred leeuwen@sph.com.sg Correspondent WHILE in Beijing on a business trip recently, I lapsed into "tourist mode" for a couple of hours to visit the new No 1 tourist destination in the Chinese capital the Bird's Nest Stadium. As my taxi
        651 words
      • Article, Illustration
        Lock icon Asia's major tourney draws top names
        1072 43  -  MICKELSON Players from all over the world will be battling for US$5 million in prize money at the Barclays Singapore Open next week By Justine Moss THIS time of the year is traditionally "golf season" in Singapore, and the next few weeks will see
        FILE PHOTO  -  1,072 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon The good fight
        976 44  -  Geoffrey Eu For Lamine Guendil, the ancient sport of muay thai is the ideal way to de-stress, calm down and banish work-related matters from his mind. WEEKEND WITH LAMINE GUENDIL DIRECTOR SENSO HOLDINGS FOR some people, nothing soothes the soul like a garden workout, mowing the lawn
        JOSEPH NAIR  -  976 words
    • MOTORING
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        Lock icon A touch of glass
        627 45 Their badges show they are from different carmakers but these two SUVs are definitely cousins, even if they may be once removed. Samuel Ec drives two sport-utility vehicles that are linked by more than just motor oil LIKE the Italian glass of the same name, the
        627 words
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        Lock icon Multi-national motoring
        524 45 THE first thing that strikes you about the Renault Koleos is that it looks much better than in photos in the three-dimen-sional world, the French car maker's first SUV is less ungainly. But this crossover is still no beauty, although it has a surprisingly wide range of features
        524 words
      • Article, Illustration
        Lock icon COLOUR IS COOL
        778 46  -  Samuel Ec For car lovers who want to dress up their vehicles, coloured rims are definitely a fashion statement. By HEN once car owners used to settle for a set of dull silver alloy wheels, colour is now cool. Local retailers say more and more people are
        ARTHUR LEE I  -  778 words
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      162 35 Goodwood Park Hotel proudly presents Two-Star Michelin Guest Chef Jean-Pierre Jacob of Le Bateau Ivre, Savoy, France 15 to 22 November 2008 Two-star Michelin Chef and owner of the legendary Le Bateau Ivre restaurants in Bourget dv Lac and La Pomme de Pin Courchevel, Chef Jean-Pierre Jacob is the award-winning
      162 words
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      732 36 Wine^dine with BTWeekend Pine Court Chinese Restaurant Jardin dcs Sens in Montpellier, this 6 Raffles Boulevard, Marina Square Pan Pacific Singapore Level 35, Grand Tower former right-hand man to the Michelin Peach Blossoms, Level 5 Plated Indulgence Meritus Mandarin Singapore star twin chefs Jacques and Laurent 6845 1111 Global Kitchen
      732 words
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      504 37 J\ UjUI 110 4fc X HEAVENLY A' BRQWNUhew jl^ffrk Brown Rice Storage fJ| for Maxi mum Good ness Bring out the best in your whole grains through proper storage and enjoy longer lasting goodness. Let's discover the ways in the third of a six-part series. x Like Whole Wheat, brown
      504 words
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      206 43 INVESTMENT TOOLS FOR REAL PROS. Wishing the best of luck to all the players in the 2008 Barclays Singapore Open. Whether on the golf course or in the IShares ETF alms to track a specific worldof investments, having the right index, you'll know exactly what strategy can make all the
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