The Business Times, 11 November 2008

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Microfilm: NL29538
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES Ssl oo online at http://www.businesstimes.com.sg •S* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Tuesday, November 11,2008
    24 words
  • Article, Illustration
    Lock icon Trade creaks as letters of credit dry up
    944 1  -  SIOW LI SEN VINCENT WEE Banks turn cautious as risk of clients going belly up rises; LC fees shoot up [SINGAPORE] As trust among banks breaks down and they shy away from risk, traders are finding it difficult to get letters of
    944 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      44 1 I COMP 904.24 +10.29 IIKKEI225 9,081 43 +498.43 IANG SENG 14,744.63 +501.20 ;et INDEX 456.44 -7.37 JAKARTA COMP 1,340.68 +2.32 IANILACOMP 1,938.97 +17.63 ;equlcqmp 1,***** +17.97 ;henzhen B 245.11 +14.04 IUMBAI IND 10,536.16 +571.87 11AM EST Cham )0W 8,986.66 +42.85 IASDAQ 1,646.92 -0.48
      44 words
    • Article
      Lock icon PRIME RATES
      28 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONGKONG 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  -  28 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ per US$) 1.491 (US$/S$ per 1.570 2.341 ;UR0 (US$/S$/E) 1.281 1.910 Foreign currency per US$ S$ 'EN 99.00 66.40 3.542 2.375 N<$ 7.750 5.197 !AHT 34.97 23.44 lUPIAH 11,115 7,453 lENMINBI 6.826 4.577 INDIAN RUPEE 47.45 31.81 1.457 0.977 IZ$ 1.676 1.124
      45 words
  • Article
    Lock icon Analysts keen to cast CapitaLand as white knight
    779 1  -  ARTHUR SIM There is also talk that Temasek could take stake [SINGAPORE] Capita Land is trying hard to play down expectations but in the eyes of some analysts, it has emerged as the frontrunner in the race to become Las Vegas Sands'
    779 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      46 1 ■F""^HI CHINA PROPERTY 9 A DOG'S LIFE COMPANIES fc^Jjjl Changing tack Construction-related A tTB Pet owners hit DBS troubles Ito stay on track claims on the rise /j? y by hard times not over: analysts HI I PAGE 4 PAGE 2 JL| PAGE 18 PAGE 5
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      30 1 SME INC AXS Infocomm: not your conventional company pageh COMMENTARY I Does an external audit add value? PAGE 13 v VOICES I Quick getaways in these troubled times page 14
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  • TOP STORIES
    • Article
      Lock icon Construction-related claims on the rise
      761 2  -  ARTHUR SIM Contentious litigation also expected to rise in tandem [SINGAPORE] The bottleneck of development projects, coupled with the slowdown in the economy, may lead to a rise in con-struction-related claims, say some construction cost consultants. Contentious litigation is likely to rise in tandem. Already,
      761 words
    • Article, Illustration
      Lock icon Dial it up
      411 2  -  JOHN FOLEY P breaking .com PCCW: Richard Li has called the wrong number. The Hong Kong entrepreneur, along with China Netcom, has offered HK$4.2O a share to buy the 52 per cent of PCCW the two don't already control, valuing the telecoms group at HK$2B billion (555.4
      BLOOMBERG FILE PHOTO  -  411 words
    • Article
      Lock icon Goldman prunes property-linked jobs here
      396 2 Some have been offered positions elsewhere in group [SINGAPORE] About a dozen jobs in Goldman Sachs' real estate-related operations in Singapore were lost under a global downsizing involving some 3,200 employees at the US bank last week. BT understands the bulk of the positions cut
      396 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Trade creaks as letters of credit dry up
        79 2 AS trust among banks breaks down and they shy away from risk, traders are finding it difficult to get letters of credit. Both importers and exporters are complaining of this problem, which could have serious implications since LCs grease the wheels of
        79 words
      • Article
        Lock icon Analysts keen to cast CapitaLand as white knight
        64 2 CAPITALAND is trying hard to play down expectations, but in the eyes of some analysts it has emerged as the frontrunner in the race to become Las Vegas Sand's white knight. The fact that Capita Land had participated in the Request for
        64 words
      • Article
        Lock icon Construction claims on the rise in S'pore
        67 2 THE bottleneck of development projects in Singapore, coupled with the slowdown in the economy, may lead to a rise in construction-related claims, say some construction cost consultants. Contentious litigation is likely to rise in tandem. Already, one firm US-based Hill International says it
        67 words
      • Article
        Lock icon China changing tack to stay on track
        91 2 CHINA'S economy went into the global crisis rather like a runaway train with the engine driver furiously trying to reduce steam so that excessive speed would not lead to a derailment. Faced with a worldwide slowdown, however, Chinese authorities are seeking to fire
        91 words
      • Article
        Lock icon DBS troubles not over, say analysts
        92 2 DBS Group Holdings' troubles could get worse in the coming months, although its battered share price may already reflect investors' fears of the rough ride ahead, banking analysts say. Last Friday, DBS shocked investors and staff when it reported its worst quarterly performance since
        92 words
      • Article
        Lock icon Kingsmen bags $59.5m Universal contracts
        41 2 IN its single biggest deal so far, fast-growing communications design, exhibitions and interior fit-out group Kingsmen Creatives has clinched two contracts worth $59.5 million for works at Universal Studios Singapore on Sentosa. COMPANY NEWS, PAGE 7
        41 words
      • Article
        Lock icon One-off help package unlikely for S'pore: economists
        49 2 WITH four months to go before Budget 2009 is delivered in Parliament, economists say it is highly unlikely that Singapore will go the way of countries like China and introduce a one-off help package to stimulate the economy. SINGAPORE NEWS, PAGE 9
        49 words
      • Article
        Lock icon Output data adds to Europe recession fears
        73 2 INDUSTRIAL output falls in the euro zone's three largest economies in September strengthened the view that the bloc is already in a recession which may be deeper than expected and will last through most of 2009. France's output drop of 0.5 per cent
        73 words
    • Article, Illustration
      Lock icon Changing tack to stay on track
      987 4  -  ANTHONY ROWLEY FLASHPOINT: CHINA It is now reheating economic boilers and switching to domestic-led growth CHINA'S economy went into the global crisis rather like a runaway train with the engine driver furiously trying to reduce steam so that excessive speed would not lead to
      AP  -  987 words
    • Article
      Lock icon China's stimulus cheer echoes in Singapore
      910 4  -  LYNETTE KHOO TEH SHI NING Investors, firms with China ops hail boost to business sentiment [SINGAPORE] The US$5B6 billion stimulus package announced by the Chinese government over the weekend has already buoyed companies with operations in that country. Investors cheered the news, sending Asian
      910 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      87 2 Watch PUBLIC INSIGHT tonight I for real-time investment, real-life tips Not surprisingly, more and more listed companies on SGX are enjoying the benefits of television exposure on Public Insight programme. Leverage on our effective penetration and reach to connect with institution and retail investors throughout Asia! CHINA HEALTHCARE LIMITED W^
      87 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      153 2 &w. save tax lifl|H|H|!|HH|B||l SI Our qualified professionals W/M-l ?^^H!tTmFTTm MilliTjlkl«l3IIIB B^SM can assist you with offshore £j| J structures, shelf companies [S^^^^l M^V^^rM ifc^vw and incorporations in ALL nflfl B|mMM IHk^l jurisdictions including: j^^^ kl^^T79Ct/99m5^/7/^A9v^^l I I British Virgin Islands I Cayman Islands I Bahamas Xi Seychelles HHREftUESgBH Hongkong
      153 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      232 3 MITSUBISHI ELECTRIC Changes for the Better Mitsubishi Electric^^^ J Air-Conditioner A MITSUBISHI ELECTRIC M ENERGY EFFICIENCY RATING A E Energy Consumption kWh per hr Cooling Capacity: 9.01 kW MITSUBISHI ELECTRIC Split type (inverter) air-conditioner MXY-4A3BVA Tested in accordance with JIS C 9612 Actual energy consumption may vary from test results
      232 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      681 4 I SINGAPORE m£ Jf business m W _t^ FEDERATION fl A j ~r~^^^^ Apex Business Chamber iWYi I Having a strong H UlJrll f support network W^T^H^ f makes tapping into MaU^*ll^? business opportunities easier. Find out how SBF can provide support for your business in challenging times. The Singapore
      681 words
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  • COMPANY NEWS
    • Article
      Lock icon DBS troubles not over, say analysts
      697 5  -  CONRAD TAN Despite a share price rise, investors are still unsure of impact of job cuts DBS Group Holdings' troubles could get worse in the coming months, although its battered share price may already reflect investors' fears of the rough ride ahead, banking analysts
      697 words
    • Article
      Lock icon China Printing files for judicial management
      220 5 TROUBLED China Printing Dyeing Holding filed an application with the High Court of Singapore yesterday for the company to be placed under judicial management. "The board is of the view that the company will be unable to pay its debts," the company said. Shares
      220 words
    • Article
      Lock icon Look at pricing structure, risk disclosure too
      666 5  -  OH BOON PING I AST month, DBS Bank agreed to return up to $80 million to investors who were mis-sold the DBS High Notes 5 series a wel■come move by many. But as the saga continues, public attention should be paid not just
      666 words
    • Article, Illustration
      Lock icon Kingsmen bags $59.5m Universal contracts
      436 7  -  YEN SREENIVASAN Sentosa jobs take order book to over $270 m, keeping firm busy through 2010 IN its single-biggest deal so far, fast-growing communications design, exhibitions and interior fit-out group Kingsmen Creatives has clinched two contracts worth $59.5 million for works at Universal Studios Singapore
      FILE PHOTO  -  436 words
    • Article
      Lock icon Dip in NOL cargo on falling demand
      146 7 Reuters NEPTUNE Orient Lines yesterday said that it carried less cargo in the four weeks to Oct 17 as falling demand on transpacific and Asia-Europe routes offset growth in intra-Asian shipping. NOL, the world's seventh largest container shipper, moved the equivalent of 186,500
      – Reuters  -  146 words
    • Article
      Lock icon Chemoil in the black on Q3 hedging gains
      420 7  -  JAMIE LEE Q3 net profit at USslo.sm, reversing USs2.63m net loss from year ago CHEMOIL Energy reported a net profit of US$lO.5 million for the third quarter ended September, reversing its net loss of U552.63 million from a year ago. The better
      420 words
    • Article
      Lock icon HPL's Q3 net profit drops 12 per cent
      270 8  -  NISHA RAMCHANDANI HOTEL Properties Limited (HPL) reported a 12 per cent year-on-year drop in net profit to $13.37 million for the third quarter ended Sept 30, despite revenue surging some 42 per cent to $157 million. Earnings per share for the quarter
      270 words
    • Article, Illustration
      Lock icon Noble reports 145% jump in Q3 profit
      451 8  -  UMA SHANKARI Revenue up 66% to USs9.4b; earnings for first nine months rise 174% COMMODITIES supply chain manager Noble Group unveiled strong increases in earnings and turnover for the third quarter as it saw big jumps in its agriculture and logistics segments. Net
      BLOOMBERG  -  451 words
    • Article
      Lock icon Acting like public firms a year or more before listing
      471 8  -  LYNETTE KHOO That's what successful IPOs do, E&Y study shows SUCCESSFUL IPOs act like public companies at least one year before listing, according to an Ernst Young (E&Y) study. The Measures That Matter 2008 survey identifies key performance measures for
      471 words
    • Article
      Lock icon SGX mooted clearing links for new Asean board
      470 8  -  LYNETTE KHOO REGIONAL EXCHANGES THE global financial crisis has highlighted the need for more seamless crossborder trading and clearing collaboration in Asia, representatives from the region's central securities depositories (CSDs) and clearing houses were told yesterday. Singapore Exchange (SGX) chief executive Hsieh
      470 words
    • Article
      Lock icon SGX exploring ways to tap 'dark pools', says Hsieh
      339 8 SINGAPORE Exchange chief executive Hsieh Fu Hua said that he sees "dark pools" as something positive since they add liquidity, and the stock exchange is exploring ways to participate. He was speaking on the sidelines of the 12th General Meeting of
      339 words
    • Article
      Lock icon At a glance
      425 8 Three months ended Sept 2008 Nine months ended Sept 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) CURRENT I PREVIOUS CHNG CURRENT I PREVIOUS (S$m) (S$m) i CHNG 1 Noble Grp 212.45 86.60 145.3 13,380.14 8,046.12 66.3 625.98 228.73
      425 words
    • COMPANY BRIEFS
      • Article
        Lock icon Food Empire Q3 net profit up 17%
        104 8 FOOD Empire Holdings' net profit for the third quarter ended Sept 30, 2008, rose 17 per cent from a year ago to U556.33 million due to strong sales. Revenue was up 41.4 per cent at U5561.56 million. Sales to Russia rose by 54.4
        104 words
      • Article
        Lock icon Goodpack Q1 earnings up 13.5%
        71 8 GOODPACK said net profit rose 13.5 per cent to US$7.2 miUion for its first quarter ended September 2008 as revenue registered a 30.6 per cent increase to US$27.O million. This was achieved on the back of higher sales contributions from the synthetic rubber and natural
        71 words
      • Article
        Lock icon Penguin proposes rights issue
        42 8 PENGUIN International is proposing a renounceable, partially underwritten, rights issue of up to 132.10 million new shares on the basis of one rights share for every four existing shares to raise a targeted $9.3 million in net proceeds.
        42 words
      • Article
        Lock icon Orchard Parade Q3 profit surges
        70 8 ORCHARD Parade Holdings said yesterday net profit for the third quarter ended September 30, 2008 surged 94 per cent to $14.73 million on improved operations. Revenue rose 17.2 per cent to $19.22 million due to better average room rates. The company said it intends to
        70 words
      • Article
        Lock icon Advanced Hldgs Q3 profit falls 63%
        39 8 ADVANCED Holdings reported net profit of $1.38 million for the third quarter ended Sept 30, 2008, down 63 per cent from a year ago, as revenue fell 14 per cent to $21.0 million.
        39 words
      • Article
        Lock icon $7m sales for Cortina at Jewellery Time
        88 8 CORTINA Watch sold $7 million worth of watchs at its biennial Jewellery Time 2008 event from Oct 30 to Nov 9, up about 20 per cent from the last event in 2006. The 11-day event featured 16 of the world's most prestigious watch
        88 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      335 5 I I! jijN H: INVESTMENT TOOLS IBHHB I JL^I^B I 1 IV I\LAL r lxl/3. HHH hservcorp Wishing the best of luck to all the players WWW.SeiVCOrp.COm.Sg /n t/>e 2008 Barclays Singapore Open. ij^K^^^fl Whether on the golf course or in the iShares ETF aims to track a specific I
      335 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI gains 1.2% on China boost
      559 6  -  CONRAD TAN STOCKS Index's rise in line with regional markets; UOB and DBS are key index movers STOCKS here started the week higher yesterday amid a broad rise in Asian equity markets, boosted by China's massive stimulus plan to spur economic growth. The Straits
      : Bloomberg  -  559 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      96 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 7 5 2 0 0 0 7 5 2 lanufacturing 63 43 56 72 50 65 Commerce 17 23 19 20 24 21 'pt/Stor/Comms 14 17 14 18 :inance 18 10 18 10 Construction 11 'roperties
      96 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      112 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 22.654 22.654 66.544 66.544 lanufacturini 399.437 17.289 416.726 178.829 676 179.505 Commerce 91.740 7.605 99.345 79.608 1.370 80.978 "pt/Stor/Comms 138.809 53 138.862 186.481 186.489 :i nance 32.945 32.945 225.138 225.138 Construction 12.233 3.307 15.540 1.213 115 1.328 'roperties 62.711
      112 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      104 6 lapitaLand 3.240 +0.070 lapitaMal 2.010 jtyDev 6.600 +0.150 Iosco Corp 0.930 +0.060 IBS Grp 11.700 +0.300 :&N 3.260 +0.100 Sent Intl 0.385 -0.010 iolden Agri 0.200 -0.005 IK Land 2.560 -0.010 IMH 20.500 ISH 10.840 +0.100 lardineC&C 10.900 +0.400 Ceppel Corp 5.230 +0.040 Ceppel Land 2.160
      104 words
    • Article
      Lock icon BROKERS' TAKE
      290 6  -  CONRAD TAN CapitaLand Nov 10 close: $3.24 CIMB-GK Research, Nov 10 THE potential failure of Las Vegas Sands may be fuelling speculation on a re-emergence of CapitaLand as a developer for the Marina integrated resort. However, while prospects of this may be mouth-water-ing, potential funding issues could surface.
      290 words
    • Article, Illustration
      Lock icon ST Index's rebound stays intact
      326 6  -  KEN TAI, CHART POINT THE Straits Times Index's (STI) rebound off the recent 1,473 low remains intact in our view. As suggested in our column last week, upside momentum should continue, in tandem with the positive sentiment over central banks' concerted move to cut lending
      : Bloomberg  -  326 words
    • Article, Illustration
      Lock icon Yen down as stock rally helps risk appetite
      465 6 Reuters CURRENCIES [TOKYO] The yen fell against the dollar and the euro yesterday as a rally in Asian shares improved investors' appetite for risk, reducing demand for the Japanese currency. Asian shares were boosted by China's launch of a huge economic stimulus
      – Reuters; AP  -  465 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 6 Nov 10 VALUE CLOSE IT OB/OS 562.00 +409.C IT CADI -*****.00 +57. IT 10-day MA -*****.00 +56.0I TSE ST Mid Cap 386.12 +3.4! TSE ST Small Cap 315.92 +4.2 TSE ST All Share 452.74 +5.0' TSE ST China Top 190.57 +9.0 TSE ST China 189.53 +7.6 OB
      60 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Golden Aqri 149,610,000 China Honqxinq 72,822,000 Cosco Corp 54,030,000 AusGroup 47,794,000 Noble Grp 38,378,000 Yanqzijianq 29,621,000 ChinaEnerqy 25,583,000 SingTel 23,554,000 IndoAqri 23,275,000 Gent Intl 22,702,000 VALUE(S) DBS Grp 91,950,627 SingTel 59,426,760 CapitaLand 49,979,340 UOB 49,791,454 Cosco Corp 48,986,630 Keppel Corp 45,313,330 Noble Grp 41,854,245 OCBC Bk
      57 words
    • Article
      Lock icon RISES
      109 6 CLOSE UP 7458 178.9 LP 10US$ 1.' China H 10US$ 966 107.3 8.1 MS India 10US$ 847 47.7 3. IOB 1358 44.0 3. India Nr 10 977 41.0 4.. lardine C&C 1090 40.0 3.: ICBC Bk4.5%NCPS 100 8330 40.0 0. ICBC Bk5.1%NCPS 100 8960 40.0 0.. iBS Git 1170
      109 words
    • Article
      Lock icon FALLS
      118 6 BY CENTS CLOSE DOWN 2240 -40.0 -1.8 'mei lav Mala 1 10US 473 -22.4 -3.1 S I A 1182 -18.0 -1.5 Great Eastern 912 -16.0 -1.7 SIA 200 1166 -14.0 -1.2 Venture Con 563 -14.0 -2.4 AsiaPharm 40 -10.0 -20.0 RBePW*****6 140 -9.0 -6.0 STI2100SGAePW*****9 47.5 -9.0 -15.9 iini
      118 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      85 6 Nov 10 CLOSE CHNG FR Nov 7 YR2008 S$ LOW S$ HIGH USS 1.4895 0.21 1.5155 1.3457 Euro 1.9168 -0.82 2.2064 1.8640 Pounds 2.3463 -0.24 2.8431 2.3088 AS 1.0276 -2.86 1.3251 0.9068 Yen* 1.5011 1.99 1.6645 1.2619 Rupiah* 0.***** -1.37 0.***** 0.***** Baht* 4.2667 -0.05 4.4299
      85 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      101 6 .^P^f l<)n'xAl '^}X: J The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for both significant gains as well as losses. Before
      101 words
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  • Page 7 Advertisements
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      1598 7 your global supply chain partner jfr^KTik fl vJ D I Nine Months Results 2008 %£L' 9 r0 U P (Incorporated in Bermuda with limited liability) Revenue g^mmfit Net profit The return increased X/Wn increased I/A Wn on average 22 l)U/ n by U/ /U by 1/T/U shareholders' J%)*S /U equity
      1,598 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Off-budget measures unlikely: economists
      820 9  -  LEE U-WEN Businesses better prepared to weather storm; government has healthy surplus WITH four months to go before Budget 2009 is delivered in Parliament, economists say that it is highly unlikely that Singapore will go the way of countries such as China and introduce a one-off
      820 words
    • Article
      Lock icon Govt takes up 27 R&D-tax ideas
      202 9 THE Ministry of Finance has received 52 responses in the public consultation exercise on the draft circular on research and development (R&D) for income tax purposes that took place in August and September. The ministry will incorporate 27 suggestions from the responses into the
      202 words
    • Article, Illustration
      Lock icon Nutty Christmas
      138 9  -  Arthur Lee CHRISTMAS is just six weeks away and the festive spirit is alive and well recession or otherwise. Orchard Hotel has set up a seven-metre-high chocolate castle made of several thousand eggs, assorted nuts and 385 kg of icing sugar in its lobby. The Nutcracker Dream Castle
      ARTHUR LEE  -  138 words
    • Article, Illustration
      Lock icon Falling home prices may cut GDP growth
      517 10  -  UMA SHANKARI However, analysts continue to see strong demand for HDB flats [SINGAPORE] A 10-15 per cent fall in overall housing prices could shave 0.4 to 0.6 of a percentage point off annual GDP growth due to lower construction investments alone, according to
      JRA, Citi Investment Research Estimates  -  517 words
    • Article
      Lock icon MICE sector still has legs
      469 10  -  NISHA RAMCHANDANI STB sees growth in trade shows, int'l association meetings [SINGAPORE] The Singapore Tourism Board (STB) is counting on international association meetings and trade shows to fuel the growth of the MICE industry here, as corporate meetings could be shelved amid the economic crunch.
      469 words
    • Article
      Lock icon S'pore makes gains as destination for conferences
      395 10  -  NISHA RAMCHANDANI SINGAPORE was placed in third spot both as a preferred destination for conferences up one notch from last year as well as in the category of best new country for business, according to the study Country Brand Index (CBI) 2008. Other
      395 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Australian governor-general due
        53 10 NEW Australian Governor-General Quentin Bryce will arrive in Singapore on Nov 16 on her first state visit here since she was sworn in on Sept 5. Ms Bryce is the first woman to take up office as the British Queen's representative in Australia. She will be accompanied
        53 words
      • Article
        Lock icon Standard contract for conservancy workers
        70 10 THE 14 PAP Town Councils are working with the Ministry of Manpower to introduce standard written employment contracts for full-time and part-time conservancy workers. Conservancy companies will also be required to submit monthly returns on workers' remuneration, CPF contribution and training status for verification by
        70 words
      • Article
        Lock icon Food and branding
        64 10 A STUDY on how well Singapore's food manufacturing companies are maximising the business value of their trademarks is being conducted by StrategiCom, a branding consulting firm serving the SME sector. Supported by the Singapore Food Manufacturers' Association and Spring Singapore, the study aims to help SMEs in
        64 words
    • Article
      Lock icon VivoCity in music and words
      276 10 VIVOCITY will commemorate its second anniversary with the launching of a coffee table book entitled City of Waves: Vivo City, commissioned by Mapletree Investments. The book outlines the development of the design and layout of Vivo City up to its final form and highlights how
      276 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      89 9 •It H mtm; PATEK PHILIPPE '"^Pfl9BHlll geneve jrfflttifhutiJflßflHk Begin your own tradition. I M^mWrnk if*.■'■■■■ -_-^-*^_s j^^Hk I I _r Jgw flf __#^ml_s /if' l _____P_______ 449________K M -j____l_ I Jr tV jf fl h. «r^_____* _f 1\ fl 1 1 I nl______, IfiiSpH^'/ A ___B ■S_____s^!_!T*2'a«^^2*^ 7* |.-1 ■^■pSas^^^ssS^
      89 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      111 10 Suntec City Office Towers MHB The Business Capital of Asia Prestigious Business Address «i""--""-"- *S£zs™*k Panoramic city, Fountain of Wealth and sea views Integrated ancillary business facilities Units from 1,000 sq ft to 29,000 sq ft available to meet diverse business needs Owner: REIT Manager: Property Manager: (SSUNTEC jM4 m
      111 words
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  • SME Inc
    • Article, Illustration
      Lock icon AXS: not your conventional company
      731 11 The culture at AXS, which has 70 employees, is one of working smart and playing hard, reports NOOR AISHA TRIED and tested strategies are the usual route to success. But AXS Infocomm has grown through a combination of strategies that deviate from conventional business and
      731 words
    • Article, Illustration
      Lock icon Sirius Medical shines with infrared tech
      802 12 Its homegrown technology improves and makes breast cancer screening safer, writes CHEN HUIFEN ORKING on a public holiday sounds like a turn-off, but Jesse Hong's experience proves that approaching it with a positive attitude can lead to many possibilities. The managing director of Sirius
      ARTHUR LEE  -  802 words
    • Article, Illustration
      Lock icon Does an external audit add value?
      978 13 It allows SMEs to benefit from specialist knowledge and to fill up gaps caused by a lack of expertise, say CHEUNG PUI YUEN and LEE TZE SHIONG SINGAPORE continues to have an international reputation as a great place to do business. This is largely
      FILE PHOTO  -  978 words
    • Article
      Lock icon Don't let your content manage you
      769 14 IT MATTERS Enterprise Content Management solutions are becoming important tools for you to stay on top of the ever increasing sea of info THE ability to manage and improve the speed and process of delivering the right information to the right people at anytime,
      769 words
    • Article, Illustration
      Lock icon Netbizz not resting on its laurels
      651 14  -  OH BOON PING STATIONERY may seem like trivial products, but the business is certainly not a stationary one. And Netbizz Office Supplies is one company that makes its fortunes by selling pens and paper. Said founder and managing director Gan Hua Koon: "Last year,
      651 words
    • Article
      Lock icon Portfolio value up 8.2%
      390 14  -  TEH HOOI LING By SELECTED small cap stocks rebounded off their lows in the last five trading sessions to yesterday. Hence our portfolios managed to climb 8.2 per cent over last week. The biggest gainer was Ausgroup which surged about 40 per cent compared with last
      390 words
    • Article, Illustration
      Lock icon Quick getaways
      286 14 Where is a great holiday destination that offers good value for money, Fong LOO Fern j. n't IVianaging UireciOr CYC The Custom Shop de^SdTlTwhat^ToHdav ther expectations are Most of mv wo^d^ik^sSTn^Sar 1^ hotel, have good food at low ill., ri. l !li'o'n..l\sln|l||'i''''|Ms'"in N Singapore enjoy these treats in
      AFP  -  286 words
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      30 11 KSbBbI I BSfflfflSß^P? Call 6-531 3700 now for the ACCPAC Specialists W Stone Forest IT www.StoneForestlT.com.sg SAGE ACCPAC Trusted By Accountants I jetstar.com all day, every day, low fares \#^7l^9&Cll
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      2178 12 V<«* kfrvrT/nrr To"free: 180°-289-8822 V IVIII L W Email: notices@sph.com.sg JL V*>/ JL JL^«> 1' l 3 www.cats.com.sg DATAPULSE TECHNOLOGY LIMITED (Incorporated In The Republic Of Singapore) Company Registration No. *****2677 D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Eighth Annual General Meeting of the Company
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      771 13 Aspecialfeaturebroughttoyouby [ffl C I IWI GLOBAL Xdb diversity at Buffa.o HJ J I IVI EDUCATION uJ versityofNew York Equipped toexcel^ The UB EMBA program at SIM offers busy working professionals flexibility and best practices ChOOSI IICI BY DAPHNE LEE I 1 foCSt Datacraft Asia's Regional Manager The Wall Street Journa'
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  • Page 14 Miscellaneous
    • Miscellaneous
      Lock icon Page 14 Miscellaneous Column 1
      76 14 SME The topic for next week's SME Voices column is: "Is the current economic climate a good time for re-training? What are you doing now to prepare for worker re-training?" If you are an SME owner or leader, we would like you to share your views on the topic. Please
      76 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Things not going too badly: IMF chief
      520 15 AFP He lauds quick state action around the world to address financial crisis [SAO PAULO] The world financial crisis could still deal some nasty blows to emerging economies, but swift action by central banks in advanced economies meant that overall, "things aren't going
      AFP; J AP  -  520 words
    • Article
      Lock icon Central bank cuts Aussie GDP forecast
      339 15 Reuters [SYDNEY] Australia's central bank yesterday cut its forecasts for economic growth for the next two years, saying it would review interest rates in the months ahead with the aim of avoiding an even sharper slowdown in domestic demand. The forecasts, contained in the
      – Reuters  -  339 words
    • Article
      Lock icon British SMEs sweat over migrant worker shortage
      507 15  -  JANE MOIR Many heading home as UK economy slows: think tank SMALL businesses in the UK are facing labour woes as cheaper migrant workers return home amid Britain's depressed economic climate. Reliance on migrant workers has skyrocketed over the past two years, with
      507 words
    • Article
      Lock icon Weak currency is hard maths for Korean students
      501 15 Reuters [SEOUL] The global credit crunch has caused investment banks to crumble, stock markets to plunge and South Korean parents to wonder if they can still afford to be the world's largest exporter of foreign students to US schools. The South Korean
      – Reuters  -  501 words
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      531 15 Enjoy Attractive Fares and Slashed Transit Time! FIyANAtoUSA*SS6BO I Enjoy faster transits with ANA's daily morning and night flights to USA! Coupled with our amazing fares, you'll experience convenience, great value and lovely Japanese hospitality unlike any other! So book your next flight with ANA now! Hurry, seats are limited!
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Bank Negara's reserves fall a further US$7.4b
      387 16  -  S JAYASANKARAN ix. l_ i Analysts upbeat, see flight of hot money, retention of long term investments MALAYSIA'S international reserve position shows a further US$7.4 billion decline to US$lOO.2 billion as at Oct 31, according to latest figures released by Bank Negara. The
      387 words
    • Article
      Lock icon Jakarta plans coal buffer stock
      275 16 Reuters Move aimed at securing supplies for power plants [JAKARTA] Indonesia, the world's top exporter of thermal coal, plans to put in place a coal buffer stock to secure supplies for domestic power plants, the energy minister said yesterday. Coal for the buffer stock would
      – Reuters  -  275 words
    • Article
      Lock icon Scomi and partner win Mumbai monorail deal
      172 16 -AP [KUALA LUMPUR] Malaysia's Scomi Engineering yesterday said its consortium with an Indian company has won a RM1.85 billion (***** million) state contract to build the first monorail in India. Scomi and its consortium partner Larsen Toubro Ltd received a letter of award
      -AP  -  172 words
    • Article, Illustration
      Lock icon Economists shrug off Malaysia's 'stable' rating
      501 16  -  PAULINE NG A REVISED ratings outlook on Malaysia to "stable" from "positive" has been shrugged off by economists, who said that the economy does not have any imbalances likely to trigger a crisis. The downgrade by Fitch Ratings is partly based on the likely
      AFP  -  501 words
  • Page 16 Advertisements
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      1512 16 V*n kTT^v^r'T/^-r'r' To"free: 180°-289-8822 V IVI I 1 L V Email: notices@sph.com.sg JL^I V^^r JL I V.y 1 i,_* www.cats.com.sg In The Matter Of The Companies Act, Cap. 50 if/^kllD V<~\ Y~\f~\~7 In The Matter Of I f —'Pi I 111 I HALLMARKTRADINGFTELTD I IIV> I /I k—4.l \\^At— (Company
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      20 16 Place your AGM and EGM I notices in our newspapers. Call 1800 289 8822 or email I notices@sph.com.sg. I BONBONOI/£/v
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Indian PM sees slower growth in 2009
      539 17 Bloomberg His forecast is a tad lower than RBl's but fundamentals are strong, he says [MUMBAI/NEW DELHI] India's economy, Asia's third largest, will grow at a slower pace next year because of the global financial crisis, Prime Minister Manmohan Singh said. The South
      – Bloomberg  -  539 words
    • Article, Illustration
      Lock icon India's moon mission: Big success at small cost
      464 17  -  NEETA LAL The 3.86b rupee project has strategic, economic spin-offs CHANDRAYAAN-I, India's first unmanned moon probe, entered the lunar orbit on Saturday, marking the successful completion of the mission the first time an Indian-built spacecraft has broken away from the Earth's gravitational
      AP  -  464 words
    • Article
      Lock icon Some China officials cancel trips to Taiwan
      261 17 Reuters [TAIPEI] Three official groups from China have cancelled plans to visit Taiwan because of violent political protests last week directed against Beijing's top negotiator to the island, the local ruling party said yesterday. "There are groups from China that have cancelled," said
      – Reuters  -  261 words
    • Article, Illustration
      Lock icon Hairy crabs get the chop
      628 17 -Bloomberg [SHANGHAI] China's slowest growth in five years is finally making carpet salesman Edwin Hong pay attention to his doctor's advice: Stay off the hairy crabs. An autumn delicacy in Shanghainese cuisine, the cholesterol-rich crustaceans can wholesale for as much as US$BO a kg during
      -Bloomberg; -L*_ 1 FILE PHOTO  -  628 words
    • Article
      Lock icon New Delhi tweaks tax on export of iron-ore fines
      173 17 Reuters [NEW DELHI] India has withdrawn a flat-rate tax on exports of iron ore fines after less than two weeks, replacing it with an 8 per cent duty based on value, aiming to trim the tax burden on miners, a government
      Reuters  -  173 words
  • Page 17 Advertisements
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      1887 17 Vl. Z TXrrT/nrr Tollfree:1800-289-8822 w |\l I l-( Email: notices@sph.com.sg JL^I V^>r JL i V._r< 1 i_* www.cats.com.sg IN THE MATTER OF THE I COMPANIES ACT, CAP. 50 ,p.£SSSSK Vm VICPLAS INTERNATIONAL LTD (IN MEMBERS'VOLUNTARY wlfDI AC LIQUIDATION) VICPLAS CO REG NO 1994D1241E F NALMEET NG NOTICE OF ANNUAL GENERAL
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  • WORLD
    • Article
      Lock icon Obama makes rite of passage to the White House
      859 18 -AP, LATWP, AFP Bush and successor expected to review economy, wars in Iraq, Afghanistan [WASHINGTON] US Presi-dent-elect Barack Obama set foot in the Oval Office for the first time yesterday when he was due to meet the outgoing George W Bush
      -AP, LATWP, AFP  -  859 words
    • Article, Illustration
      Lock icon It's a dog's life as pet owners are hit by hard times
      518 18 Reuters [NEW YORK] Job losses and home foreclosures are forcing many American pet owners to make hard choices about their furry friends, and some are turning to animal shelters and charities to relieve them of the burden. Margaret,
      – Reuters; AP  -  518 words
    • Article
      Lock icon Citi in talks to buy another US bank
      225 18 Reuters Target is a regional bank that overlaps its retail unit: WSJ [BANGALORE] Less than a month after walking away from Wachovia Corp, Citigroup Inc is in discussions to acquire another US bank, The Wall Street Journal said, citing people familiar with
      – Reuters  -  225 words
    • Article
      Lock icon Govt bumps up AlG's lifeline to US$l50 billion
      478 18 AP, Bloomberg, Reuters Hike from USsBsb follows record quarterly loss [NEW YORK] American International Group (AIG), the insurer bailed out by the US, got an expanded government rescue package valued at more than US$l5O billion after posting a fourth straight quarterly loss.
      – AP, Bloomberg, Reuters  -  478 words
    • Article
      Lock icon Not all hedge funds are created equal
      755 18 -NYT Despite the gloom, some are actually showing gains [WASHINGTON] Bernard Drury is a rarity on Wall Street: a hedge fund manager who is making money rather than losing it. While most hedge funds are sinking into red this year and unsettling the
      -NYT  -  755 words
    • Article, Illustration
      Lock icon Output data adds to Europe recession fears
      700 19 Reuters Possibility of at least five consecutive quarters of negative growth, say analysts [ROME] Industrial output falls in the euro zone's three largest economies in September strengthened the view that the bloc is already in a recession which may be deeper than expected
      Reuters; REUTERS  -  700 words
    • Article
      Lock icon HSBC writes down assets by US$4.9b in Q3
      555 19 AP, Bloomberg [LONDON] HSBC Holdings, Europe's largest bank by market value, said yesterday that it had been forced to write down the value of its assets by US$4.9 billion in the third quarter, as the cost of bad loans in the US
      – AP, Bloomberg  -  555 words
    • Article
      Lock icon Fed veils identity of recipients of US$2t loans
      740 19 Bloomberg [WASHINGTON] The Federal Reserve is refusing to identify the recipients of almost US$2 trillion of emergency loans from American taxpayers or the troubled assets that the central bank is accepting as collateral. Fed chairman Ben Bernanke and Treasury Secretary Henry Paulson
      Bloomberg  -  740 words
    • Article
      Lock icon London deeply cut by credit crisis, says report
      317 19 Bloomberg [LONDON] London's financial services industry, which generates about 10 per cent of British gross domestic product, is being "deeply affected" by the credit crisis, with investment banks and hedge funds bearing the brunt, according to a report. Eleven out of 12
      – Bloomberg  -  317 words
    • Article
      Lock icon HBOS dismisses opposition to takeover by Lloyds
      338 19 Reuters [LONDON] Britain's biggest mortgage lender HBOS yesterday formally dismissed opposition to its government-sanctioned takeover by Lloyds TSB from the former heads of Royal Bank of Scotland (RBS) and Bank of Scotland. The former heads, Peter Burt and George Mathewson, want to replace
      – Reuters  -  338 words
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  • AVIATION
    • Article, Illustration
      Lock icon China airshow nets US$4b in deals
      285 20 AFP [BEIJING] China's biennial air show saw 16 deals signed with a total value of US$4 billion and involving 102 aircraft, state media reported yesterday. The seventh Airshow China closed on Sunday in the southern coastal city of Zhuhai with increased deal-making across the
      AFP; I AP  -  285 words
    • Article
      Lock icon Lockheed lobbies Israel for F-35 deal
      162 20 Reuters [TEL AVIV] Lockheed Martin Corp, the US maker of the F-35 Joint Strike Fighter, is lobbying Israel, which has largely weathered the global financial crisis and has ample US defence aid, to close a deal for the jet. Israel is not a full
      Reuters  -  162 words
    • Article
      Lock icon China completes merger of state aircraft makers
      175 20 -Reuters [SHANGHAI] China has completed the merger of its two state aircraft makers to form an aviation leader aiming for rapid growth and an eventual stock market listing, state media said yesterday, in a move that could challenge Boeing Co and Airbus. China
      -Reuters  -  175 words
    • Article
      Lock icon BOC Aviation set for buying spree next year
      612 20 Bloomberg It plans to purchase planes that airlines can't finance or that banks have seized [SINGAPORE] BOC Aviation, Bank of China Ltd's aircraft-leasing unit, has access to more than US$l billion to buy planes next year as rivals are conserving cash and
      – Bloomberg  -  612 words
    • Article
      Lock icon New state airline seen reversing Russian aviation progress
      499 20 Reuters Industry will not run along market lines anymore: observers [MOSCOW] Russia is creating a new state giant, Russian Airlines, to absorb carriers crippled by the financial crisis, but observers warn that it will sideline Aeroflot and reverse years of progress towards
      – Reuters  -  499 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2526 20 AIRLINE CODES: AA AmencanAir AF Air France (AFR), Al Air India (AIC), AY Finnair (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAWX BG Bir esh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bh. BO Bouraq Airlines (BOU), BR EVA Airways Corpn (EVA),
      2,526 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      352 20 CRYPTIC CROSSWORD tie boy needs to be this? 9 Practical part of chore a list I I constructed (9) 10 Badmouth daughter want- W^ 1^ 1| 1| ing a beast unsuitable as I pet! (5) 11 Destroyed hut with girl at I__H H_H H__H BL_BB_J becomes cut off (8) I
      352 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Deutsche Post ready to make job cuts at DHL in US
      759 21 .-AP Cuts are part of a wider plan to curtail operations in US [BONN] Deutsche Post AG is poised to announce thousands of job cuts at its DHL Express operations in the United States, possibly as early as yesterday,
      .-AP; AP  -  759 words
    • Article
      Lock icon 20% of bulk carriers idle as rates plunge
      593 21 -Bloomberg 50-100 capesizes have been unable to find cargoes [LONDON] At least 20 per cent of the vessels most commonly hired to haul coal and ore are sitting empty as steelmakers cut output and dwindling trade credit halts deliveries, Lorentzen Stemoco A/S
      -Bloomberg  -  593 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        103 21 '000 lov CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.32 0.21 0.93 0.35 0.78 0.51 0.04
        103 words
      • Article
        Lock icon KLSE
        36 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.59 8.45 8.40 2.42 2.62 0.08 unch 0.01 -0.05 0.05 0.03 0.05 0.02 unch 279 208 605 606 1 141 0
        36 words
      • Article
        Lock icon BANGKOK
        12 21 '00 ■recious Ship Jegional Cont .10.60 ...6.75 -0.70 -0.40 457! 20*
        12 words
      • Article
        Lock icon HONGKONG
        11 21 '000 Doil iingamas Cont 18.42 ...0.70 1.06 0.02 128: 405i
        11 words
      • Article
        Lock icon PHILIPPINES
        20 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.60 13.75 unch unch -0.10 unch unch unch 46! 22!
        20 words
      • Article
        Lock icon TAIPEI
        20 21 Evergreen Marine ....17.90 :irst Steamship 33.85 ManHai Lines 15.80 r"ang Ming Marine ..11.25 -0.10 2.20 0.20 0.30 r 5!
        20 words
      • Article
        Lock icon TOKYO
        39 21 '000 lov 'en :awasaki Hvylnd ..211.00 26.00 4176! :awasaki Kisen 399.00 32.00 1146! /litsubishi Hvy 391.00 23.00 ***** /litsui Eng&Sbldg ..145.00 3.00 1370; /litsui Osk Lines 523.00 56.00 5645) lippon Express 423.00 34.00 4161 lipponYusen 500.00 45.00 1273!
        39 words
    • Article
      Lock icon Dubai World eyes investments in Russia
      158 21 Reuters [DUBAI] Government-owned investor Dubai World said yesterday it was looking at port, logistics and urban development investments in Russia, and was not slowing any of its projects due to the global financial crisis. Dubai World secretary-general Farid Ahmed told reporters that Limitless, a
      – Reuters  -  158 words
    • Article
      Lock icon Scrapping up as old ship prices plunge
      213 21 Bloomberg [LONDON] Ship scrapping accelerated in India, Bangladesh and Pakistan after a plunge in the price of obsolete carriers attracted buyers, the largest cash purchaser said. The demolition sale price of a general cargo ship based on its empty weight, so-called light displacement
      Bloomberg  -  213 words
    • Article
      Lock icon Japan vessels leave for refuelling mission
      171 21 Bernama [TOKYO] Japan's supply ship Towada departed early yesterday from Kure, Hiroshima Prefecture on a refuelling mission in the Indian Ocean to support the US-led anti-terrorism operations, China's Xinhua news agency said quoting reports from the south-western city of Hiroshima. Ariake, a destroyer with
      – Bernama  -  171 words
    • Article
      Lock icon Greenpeace blocks 3 palm oil tankers
      170 21 Reuters [JAKARTA] Greenpeace has blocked three tankers due to transport crude palm oil to China and Europe from leaving an Indonesian port in a bid to highlight deforestation caused by the cash crop, the environmental group said yesterday. The rapidly expanding palm oil industry
      Reuters  -  170 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Fed must confront deflation threat
      461 22 ON Nov 21, 2002, a Federal Reserve governor named Ben Bernanke delivered a speech to the US's National Economists Club on combating deflation if it were to manifest itself in the US economy. Although Mr Bernanke said that there was no imminent threat of deflation
      461 words
    • Article, Illustration
      Lock icon China braces itself as massive slowdown looms
      937 22  -  TONY WANG GRACE TIAN Export-oriented economy faces great pressure with orders from foreign markets declining CHINA'S decision to allocate 4 trillion yuan (SsBBo billion) to a government spending package to boost domestic demand shows how convinced Beijing is that the looming global recession
      AFP; : National Bureau of Statistics of China  -  937 words
    • Article, Illustration
      Lock icon The Obama way of spreading US democracy
      807 22  -  LEON HADAR THE BOTTOM LINE HERE is a prediction on which I'm willing to bet my (401) X retirement plan (or what's left of it): In the next year or two we're going to see the rise of new movements for political change
      807 words
    • Article, Illustration
      Lock icon The economic challenge for Obama
      2098 23  -  ROBERT SAMUELSON The new president's big test from January will be to improve the US economy's stability without subverting its vitality AMERICANS are progress junkies. We think that today should be better than yesterday and that tomorrow should be better than today. Compared with most
      1 REUTERS  -  2,098 words
    • SGX should publicise all its enforcement actions
      • Letter
        Lock icon SGX should publicise all its enforcement actions
        456 23  -  Mak Yuen Teen I REFER to the letter "China Energy warned" (BT, Nov 7). This is at least the second time this year that the Singapore Exchange (SGX) has had to issue a statement refuting what a listed company has said. The other
        456 words
      • Letter
        Lock icon Don't school kids in personal finance
        139 23  -  VNavaratnam I REFER to your editorial, "Lessons from the Mini-bonds saga" (BT, Oct 30). I have to disagree with your suggestion "to teach the most important basics of personal finance to our children in 5ch001..." My reasons are that first, personal finance is not
        139 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8877 24 Transaction date: Nov 10 Hiqh Low Code Company Sale COOO) Hiqh Low Buyer Seller C'vr P/E $mil 13 3 3148 8Telecom 19 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABR Hldgs 19.5 6 1938 AEI Corp 15.5 1 1100 AEM. 33.5 7 2101
      8,877 words
    • Article
      Lock icon SGX CATALIST
      1915 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 offer
      1,915 words
    • Article
      Lock icon SGX XTRANET
      62 25 JJii Low Code Comi Sale COOO) JJii Low Bit Seller C'vr P/E $mil ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&PSO0 ***** ***** 6170 SPDRS 385 158 6009 STI ETF 3698.8 3383.1 6010 STI ETF IOPV US***** US6200 US1000
      62 words
    • Article
      Lock icon CLOB INTERNATIONAL
      69 25 52-Wk Tel Hiqh Low Code Last Sale Vol COOO] Day Last Quote Low Buver Seller Div GrYld C'vr Net MCap P/E Smil Comi Hii 112 45 6000 AVJennings 20.5 4 6134 Over&Gen 39 6 6017 StarCruises 283 115 6019 TanChonglnt A49 A8 US9 HK125 -0.5 -0.5 5 454
      69 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8920 25 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.458/ AIGIF S'pore Bond Fund/ A 1.266/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.6/ APS Alpha Fund (USD)!** 0.4/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6199/ APS Komaba
      8,920 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      44 24 ROYAL OAK COLLECTION 1 P I^^^^^^^^ WHERE EXTREMES MEET wSS^-^M^'* Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED '^VV^^^^^^^^^^^ >'i^ '->i-'hj^?':'>^^Jf' "^< f 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 ,-^iw-i_^^fer—"*^ '-\«k *V' Internet: Http://www.audemarspiguet.com >*^»n2*i"~*^ W ';"V;'";C:"J^^
      44 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      360 26 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Nov 7 World Index Preliminan 700.9 1.3 -38.1 1.3 -38.9 1.2 -41.1 EAFE Preliminai 679.1 0.5 -39.4 0.4 -42.8 0.3 -44.1 Euro[ Preliminan 954.8 2.2 -38.1 2.0 -45.2 1.9 -47.2 Pacific 560.6
      360 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      129 26 As at 9am NoviO Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0110 1.0540 dollar 1.2510 1.2660 Euro 1.8940 1.9190 NZ dollar 0.8820 0.9010 iterlini ind 2.3320 2.3590 US dollar 1.4750 1.4920 Local dollars to 100 units of foreign currency: Currencies
      129 words
    • Article
      Lock icon INTERBANK RATES
      172 26 NoviO $S Offer Overnight 7/16 1-monfli 11/16 2-months 3/4 3-months 7/8 Overnight mode: 0.40 US$ Offer 5/16 7/16 1/2 5/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 1.10 2.75 3.00 3.25 3.25 3.25 Offer 0.60 1.50 2.25 2.50 2.75
      172 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 26 NoviO ten Hii Sett STI IIMSCI Nov 234.5 236.3 231 "aiwan Nov 182.1 182.7 178.5 Source: MF Global (S) He. Ltd
      24 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 NoviO Bid Offer 1-month 1.4893 1.4909 2 months 1.4874 1.4890 3 months 1.4849 1.4866 6-months 1.4778 1.4798 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      60 26 NoviO Delivery Month Opening Sett Av Range Price Price Hi Vol Open Done Position Low Nov08 1680 Dec 08 1660 Jan 09 1660 Feb 09 1650 Total o/p: ***** contracts 1660 1680 1624 301 1375 1627 1675 1619 1671 ***** 1626 1696 1612 5092 ***** 1625 1754 1613
      60 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      306 26 NoviO OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 97.9850 98.0850 97.9800 97.7950 7962 9579 4822 3223 EUROYEN TIBOR FUTURES DecO8 99.230 99.230 MarO9 99.340 99.340 JunO9 99.365 99.365 SepO9 99.350 99.350 DecO9 99.290 99.290 Mar10 Jun10 Sep10 99.225 99.315 99.365 99.350 99.290
      306 words
    • Article
      Lock icon SICOM FUTURES
      180 26 Novlo RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Dec 08 186.0 Jan 09 Feb 09 Mar 09 Apr 09 May 09 185.5 185.5 187.0 186.0 187.5 191.5 191.5 60 40 241 613 600 547 809 753 TSR 20
      180 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      91 26 NoviO TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****V 12.02.09 1-Year BY*****V 02.11.09 0.56 0.81 0.5 0.45 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A
      91 words
    • Article
      Lock icon CHICAGO BOT
      102 26 Nov7 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 911.75 899.50 917.00 900.00 Jan 09 921.00 906.00 924.00 906.00 Mar 09 929.50 915.00 931.00 915.00 May 09 939.50 924.50 944.00 925.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 33.90 34.17 34.75 33.70 Jan 09
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      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Nov7 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 59.63 2.75 WTI (Near Mth) 61.00 unch Dubai (1-Mth F) 56.28 -2.57 Tapis blend 60.90 -2.60 Minas 58.80 -1.90 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 28.20 78.00 -3.30 -6.60 US$/barrel US! Opec Oil
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      Lock icon INTERBANK CROSS RATES
      462 26 NoviO AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.807 4.687 0.536 5.321 32.573 76.310 0.680 9.105 2.432 1.151 55.508 33.270 1.024 6.910 0.809 22.531 24.005 0.437 0.687 Canada 1.239 5.807 0.664 6.593 40.362 94.556
      462 words
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      Lock icon SIBOR
      76 26 Nov 10 1 mth 1.***** 0.***** 2 mths 2.***** 0.***** 3 mths 2.***** 0.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates 1 mth 2 mths 3 mths (S$) ...0.***** ....0.***** ....0.***** 6 mths 0.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
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      Lock icon INTERBANK CURRENCY RATES
      153 26 Nov 10 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0232 1.0246 0.6864 0.6867 Canadian dollar 1.2680 1.2694 0.8506 0.8508 Euro 1.9087 1.9111 1.2804 1.2808 NZ dollar 0.8891 0.8906 0.5964 0.5969 Sterling 2.3400 2.3427 1.5697 1.5701 US dollar 1.4907 1.4921 S$IUS$
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      Lock icon PRECIOUS METALS
      131 26 Nov 10 loi, lov lov -long Kong .ondon 753.90 741.50 754.90 742.50 Nov 07 Nov 06 735.30 741.85 737.80 743.85 Source: Thomson Reuters CAST BAR (SS) Nov 10 Buying Sellini Kilobar "38,658.03" ***** PAMP GOLD BARS (SS) Sellinq Buying gm jam Ogm !Ogm JOgm OOgm oz ozUBS Kinebar™
      131 words
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      Lock icon LONDON METALS
      68 26 Woi/7 ,luminium, 99.7% urity (US$/tonne) Close Previous Cash 1906.20 1984.80 3 months 1960.00 2039.00 Copper, Grade A (US$/tonne) Cash 3 months 3731.50 3755.00 3786.00 3805.00 Lead (US$/tonne) Cash 1351.00 3 months 1361.00 1453.50 1459.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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      Lock icon LIFFE
      70 26 Woi/7 :OCOA (Btonne) Close Prev Hii ih/Low Dec 08 1264 1260 1280/1256 Mar 09 1277 1273 1295/1269 May 09 1287 1284 1303/1281 JulO9 1299 1296 1311/1293 COFFEE (US$/tonne) Close Pev High/Low Nov08 1711 1698 1710/1676 Jan 09 1740 1728 1752/1722 SUGAR (US tonne) White Close Prev High/Low Dec 08
      70 words
    • Article
      Lock icon BONDS & WARRANTS
      2992 26 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- ing K Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 )092 Asia Environment W*****4 6.5 1481 Asia Water Tech W*****0 18.5 S816#AsiasonsCapitalW*****7 4 !756#AsiaticGrp(H)W*****2 9.5 H05#Asiatravel W*****7 3.5 -3.5 3 >878 Aztech
      2,992 words
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      2561 27 The Business Times Shipping Times .^^e tf BiJWI i^ji3!JU!itfpi^i?il 1m m\\ wan hai international pte ltd I^~l W WNMMIKftmWMIimMWSIMIIM I VTki\ IAIA M UAI I Ilirr T1L*****588 (MUNIS) FAX:*****163 I lllVVt| I BgBCSHHBgfIKgjgSSJEIM ■JMlWWiWipiiiffiWillTM I V\N 1 WilN HAI INtS <•»•««« Servke/Booltings Direcl Line (1800) *****200 hß^taaAaAglftaaMlU ■H'liJßWlW'Zlilwiililifiß \l_ I
      2,561 words
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      5110 28 KimV IP E EASTERN CAR LINER, LTD ||^^KEEDB!Q ||Kk|B UL5^L—l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS BjjUllßMilllillU lllllllllMl'lllllllllll^^^^M I "KHII I LiHinq(KT) I MUA I SIN I PKL IKB I )KT I SUR I VOY 111 lIP PISjInATON^ PSL SERVICE Connecting AMX Service via P.KLANG Connecting ECLSvc via
      5,110 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Britain's Nationwide H1 profit drops 18%
      367 29 Reuters Lender calls for change in funding arrangements for UK depositor protection scheme [LONDON] British mutual lender Nationwide reported an 18 per cent drop in its half-year profit, and said funding arrangements for the UK depositor protection scheme should be changed so that risk-averse
      – Reuters; REUTERS  -  367 words
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      Lock icon Hammerson sees no new developments before end-2009
      485 29 Reuters The firm will limit capex to design and planning for now [LONDON] UK and French retail property firm Hammerson pledged yesterday to freeze development starts until end-2009 and cut costs as tenant demand withers amid Europe's rapidly cooling economy. Hammerson, which owns
      Reuters  -  485 words
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      Lock icon Punj Lloyd S'pore unit forms Saudi venture
      82 29 Reuters [SINGAPORE] The Singapore unit of Indian engineering and construction firm Punj Lloyd has set up a joint venture with Saudi Arabia's Dayim Al-Haditha to handle infrastructure projects such as hotels and hospitals. Sembawang Engineers and Constructors, the Punj Lloyd unit, said yesterday
      – Reuters  -  82 words
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      Lock icon St Petersburg skyscraper shelved
      503 29 -NYT [MOSCOW] From the department of silver linings comes this item from Russia: Because of the financial crisis, plans for a controversial skyscraper that would have towered over St Petersburg's low-slung Baroque skyline have been delayed and preservationists, architects and many residents fervently hope may never
      -NYT  -  503 words
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      Lock icon Approvals for Aussie home loans fall for 8th month
      731 31 Bloomberg House buyers scrap spending plans as economy slows, banks tighten loans [SYDNEY] Australian home-loan approvals fell in September for an eighth month as tighter lending standards and slowing economic growth prompted house buyers to scrap spending plans. The number of
      Bloomberg; BLOOMBERG  -  731 words
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      Lock icon Manhattan landlords cut prices
      264 31 Reuters [NEW YORK] Manhattan commercial landlords are cutting their asking prices for retail space but still believe that they can command a premium in the best shopping areas, according to a report by New York realtors. Overall asking rents for Manhattan retail space are down 3
      – Reuters  -  264 words
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      Lock icon Dubai property exec upbeat about sector
      221 31 -AFP [DUBAI] A top Dubai property development executive said on Sunday that the emirate's booming real estate sector would maintain growth despite the global crisis as demand continued to outstrip supply. "Domestic demand for real estate continues to outstrip supply, and it will be
      -AFP  -  221 words
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      Lock icon Buyers snap up KL's The Binjai
      426 31  -  PAULINE NG UNHINDERED views of the iconic Petronas Twin Towers, 20 hectares of park land at your doorstep for leisurely daily walks, plus conveniences a stone's throw away. That in a nutshell is the essence of The Binjai On The Park, Malaysia's premier development
      426 words
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      Lock icon New Zealand home prices down sharply in October
      358 31 Reuters [WELLINGTON] New Zealand house prices fell sharply in the year to October, reflecting an economy in recession and caution in the market, government agency Quotable Value (QV) said yesterday. QV's residential house price index fell 6.8 per cent in the month
      Reuters  -  358 words
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      84 29 Rare Commercial Redevelopment Site I 11 in Marine Parade Central Site Area: 1,734 sq.m/18,665 sq.ft Plot Ratio: 8.445 (Based on Written Permission) 99 years Leasehold Squarish Plot with good frontages and high pedestrian traffic Located in established Marine Parade New Town Good access via Marine Parade Road and close to
      84 words
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      117 29 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 D D E closing 12 Nov 08 (3pm)| cTricha"?^ m .M Bbia-^^— 142-158 Armagh Street I Unique
      117 words
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  • INDUSTRIAL SPACE
    • Article, Illustration
      Lock icon News from the underground
      1011 30 The oil storage Jurong Rock Cavern project could herald more underground caverns for industrial purposes, reports EMILYN YAP THE search for industrial space in land-scarce Singapore has seen JTC Corporation look up to the sky and out to the sea. And seeking more opportunities to create
      FILE PHOTO  -  1,011 words
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      74 30 This series is brought to you in conjunction with JTC's 40th anniversary. -I-years W^*Sj2^^ c*vt^" dtnhfHHn-h jn fe«y in*/fdr»Al -reef"* fJ^&mflr^B^^S^ H^J^^*^^ CKt*H' n"t'°'"tl «""»«we -jwMrfh <bK+** f*wc t;:X^^^V-p^ *W f^h vir/tr* fife Kc*li*y, i//nj oi nf biQWUlcfitAS Stiem&f, •"xfoe.&m'vf /ll I fl Bk "TO /Tf'tAViy /tf^K*, 1968-2008 Corporation #ioV_
      74 words
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      31 31 Sole Leasing Agent Grangeford HI Full fees to external agent 6to 18 months lease 2& 3 bedrooms Mins to Orchard Road Somerset MRT Partially Fully furnished Immediate occupation Full condo facilities
      31 words
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      281 31 Good Class Bungalow in Peirce Road office: 301 to isaLp? 0*0 New| V Completed GCB I >^\ J|oM^ shop: 4553 sqft Very Elevated Site bj*" *> Next to Shaw House/ Isetan Scotts iV |h outside cbd Land: 1,484.1 sqm (15,975 sqft) approx. n Near Orchard MRT Station Built-Up Area: 8,400
      281 words
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      449 32 sibf rror T-i-i T r-T-4 i o T-"' FINANCIAL INDUSTRY The Institute of Banking Finance competency standards celebrating bui— distinguishedl CALIBRE BliiiiiiiM The Institute of Banking Finance congratulates the following distinguished financial services professionals on their conferment of the Financial Industry Certified Professional (FICP) title. U M COMPLIANCE CORPORATE BANKING
      449 words