The Business Times, 19 November 2008

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Microfilm: NL29539
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg *S* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Wednesday, November 19,2008
    20 words
  • Article, Illustration
    Lock icon Pirates hijack vessel with US$100m oil cargo
    703 1 NYT, [JEDDAH, Saudi Arabia] Pirates captured a Sau-di-owned supertanker loaded with more than US$lOO million worth of crude oil off the coast of Kenya, seizing the largest ship ever hijacked, US Navy officials said on Monday. Late yesterday, it was believed to have
    NYT,  -  703 words
  • Article, Illustration
    Lock icon Budget deficit to overshoot estimates
    616 1  -  CHUANG PECK MING It could be thrice the $800 m projection; govt also promises to help SMEs get loans By [SINGAPORE] The government is likely to end the current fiscal year with a budget deficit of more than three times the $800 million first projected,
    616 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.00 INDONESIA 16.553 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 3.00 US 4.00 CANADA 4.00 SWITZERLAND 2.31 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      45 1 uesi iam 1COMP 883.09 -0.97 IIKKEI225 8,328.41 -194.17 1ANG SENG 12,915.89 -613.64 ;et index 419.97 -14.24 JAKARTA COM P 1,189.86 -47.07 IANILACOMP 1,873.60 -66.40 ;eoulcomp 1,036.16 -42.16 IHENZHEN B 238.57 -17.30 IUMBAI IND 8,937.20 -353.81 10.30AM EST Cham )OW 8,399.74 +126.16 IASDAQ 1,492.62 +10.57
      45 words
    • Article
      Lock icon FOREX
      42 1 IS$ (S$ per US$) 1.527 (US$/S$ per 1.508 2.304 ;URO (US$/S$/E) 1.265 1.932 Foreign currency per US$ S$ 'EN 96.60 63.30 3.602 2.358 IK$ 7.750 5.074 !AHT 35.00 22.91 lUPIAH 11,925 7,807 1ENMINBI 6.827 4.470 INDIAN RUPEE 49.67 32.52 1.550 1.015
      42 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      77 1 PROPERTY TRANSPORT COMPANIES W Q YAHOO Developers want govt to turn Rail is the way to go for Straits Asia gets USs3oom Yang to quit, opening back clock on several policies Asian transport: LTA chief loan from Stanchart doors to Microsoft PAGE 4 fW PAGE 19 PAGE 6 mTSmmftPAGEI EXECUTIVE
      77 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Yang to quit, opening Yahoo's doors to Microsoft
      735 2 LAT-WP, Bloomberg Shares rose as much as 16% in early trading after his announcement [SAN FRANCISCO] Unable to rescue the Internet giant he founded from its worst decline since the dotcom bust, Yahoo Inc chief executive Jerry Yang said on Monday that
      – LAT-WP, Bloomberg  -  735 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Budget deficit to overshoot estimates
        51 2 THE government is likely to end the current fiscal year with a budget deficit of more than three times the $800 million first projected, as it has stepped up spending to shield the economy from the global downturn that has pushed Singapore into recession. FRONT
        51 words
      • Article
        Lock icon Developers want govt to turn back clock on several policies
        59 2 SOME property industry players are yearning for the good old days, hoping the government will reverse some of the changes in property policies made in the past two years and thus go beyond the usual exemptions and rebates on property
        59 words
      • Article
        Lock icon Straits Asia gets US$300m loan from Stanchart
        58 2 STRAITS Asia Resources, which owns two coal mines in Indonesia, yesterday said it had secured a US$3OO million loan from Standard Chartered Bank. As part of the deal, Straits Asia is issuing to the bank 35 million warrants for new shares with an
        58 words
      • Article
        Lock icon Portman sale nets Noble A$118m profit
        64 2 COMMODITIES supply chain manager Noble Group's fourth-quarter earnings will be boosted by a A 5117.7 million profit (*****.2 million) from the sale of its stake in an Australian investment. However, the company's stock continues to head south as the cheer from its strong quarterly
        64 words
      • Article
        Lock icon Parliament approves changes to Employment Act
        75 2 DESPITE the economic downturn, Parliament yesterday gave the green light for changes to the Employment Act, which some MPs fear could add to the cost burden of companies. Among the changes: the Act will cover more employees, including confidential staff; there will be a
        75 words
      • Article
        Lock icon Indian growth to rebound to 9% next year: minister
        40 2 INDIA'S economy will "bounce back" to 9 per cent growth next year as local demand holds up amid a global recession, said Finance Minister Palaniappan Chidambaram yesterday. GREATER CHINA/INDIA, PAGE 12
        40 words
    • Article
      Lock icon Barclays shareholders get slice of £5.8b capital injection
      392 2 Reuters [LONDON] British bank Barclays moved to head off a shareholder revolt yesterday by offering them a slice of a £5.8 billion (5513.1 billion) capital injection from Middle East investors and scrapping 2008 executive bonuses. Shareholders will be offered £500 million of
      – Reuters  -  392 words
    • Article
      Lock icon Paulson, Bernanke defend handling of US$700b bailout
      529 4 AP, Bloomberg [WASHINGTON] Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke yesterday waged a stout defence of their management of a USS7OO billion financial bailout just one week after the administration abandoned the original strategy behind the rescue. Focusing the programme
      – AP, Bloomberg  -  529 words
    • Article
      Lock icon Developers want govt to turn back clock on several policies
      890 4  -  KALPANA RASHIWALA Wish-list includes reinstatement of deferred payment, old formula for DC By [SINGAPORE] Some property industry players are yearning for the good old days, hoping the government will reverse some of the changes in property policies made in the
      890 words
    • Article, Illustration
      Lock icon Citi to go for 'modest' trim in S'pore headcount
      533 4 By CONRAD TAN [SINGAPORE] Citigroup will make "modest" job cuts in Singapore, even as it axes more than 50,000 workers worldwide, a Singapore spokesman for the bank said yesterday. The group may fire fewer than 300 of the 9,000 or so
      REUTERS  -  533 words
    • Article
      Lock icon Pandit wields the axe
      367 4  -  ANTONY CURRIE By VIKRAM Pandit is throwing out big numbers. Citigroup's boss told employees on Monday morning that within a few months, 50,000 of them wouldn't be working for the megabank anymore. What's more, he intends to reduce overall costs by a fifth by next year.
      367 words
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      Lock icon Page 2 Advertisements Column 1
      285 2 SAVING TAX ON UK PENSIONS HOW? If you have a UK pension and are going to retire This service will: overseas, it is more than likely that the pension income will be liable to UK Income Tax at source. Analyse the detail of your UK pension arrangements; However; there are
      285 words
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      Lock icon Page 2 Advertisements Column 2
      141 2 K^ NANYANG K&^B TECHNOLOGICAL UNIVERSITY b-b— Nanyang Business School NANYANG I PROGRAMME M v /"\t h ±S lUanniversary 1998 2008 Transforming the Next Generation of Asian Leaders INTERNATIONAL Management /^*V Programmes at MIT Sloan and -1 s <=\ Wharton M m.\ wLM /M J\ BUSINESS Study Missions to rTfJ Bfl
      141 words
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      Lock icon Page 3 Advertisements Column 1
      75 3 Isn't it interesting how seductive solidity is in times Independent Asset J Managers Family Office Global Custody iU A V Investor Services 1/ r| \C^ f Asset Management |F\ f^ f^ f^ Investment Funds 111 \V^ LI I V^ V^ t. Bank Pictet Cie (Asia) Ltd 80 Raffles Place 17-01
      75 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      95 5 ...so that the A&E team will be prepped and ready even before the patients arrive. t ...the prognosis will then be routed to the Singapore medical hub... X y y** y* y y y y ...it will give him ultra high speed access to the world's largest TCM database in
      95 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Straits Asia gets US$300m loan from Stanchart
      549 6  -  CHEW XIANG It is issuing to bank 35m warrants for shares with exercise price of 551.095 By STRAITS Asia Resources, which owns two coal mines in Indonesia, yesterday said it had secured a US$3OO million loan from Standard Chartered Bank. As part of
      FILE PHOTO  -  549 words
    • Article
      Lock icon HG Metal warns of Q4 loss
      190 6 AFTER a robust first nine months, HG Metal Manufacturing found itself weighed down by sharply correcting steel prices in the last stretch of FY2OOB. The steel product stockist and manufacturer warned in a profit guidance yesterday that it will be reporting a net loss
      190 words
    • Article
      Lock icon Chemoil Singapore MD quits
      181 6 Reuters MARINE fuel trader Chemoil Energy said yesterday that its Singapore managing director, Karan Chabria, had resigned with immediate effect, but this would not hit its regional expansion and trading activities. The managing director of Chemoil Logistics, Sanjay Anand, will replace Mr Chabria, and also take
      – Reuters  -  181 words
    • Article
      Lock icon Are bank stocks looking cheap?
      631 6  -  CONRAD TAN HOW much lower can bank stocks go? That turns out to be surprisingly difficult to answer. Savvy investors have all but given up on trying to base their buying decisions on traditional measures such as the historical price-earnings ratio. Wisely too in the
      631 words
    • Article
      Lock icon DBS Group's expansion in China stays on track
      401 6  -  LYNETTE KHOO By DBS Group Holdings' expansion plans in China remain on track despite the current global economic turmoil. The banking group, which recently cut its workforce mainly in Singapore and Hong Kong announced yesterday that DBS Bank (China) has opened its
      401 words
    • Article, Illustration
      Lock icon OCBC Cycle Singapore to debut in Feb
      197 6 SINGAPORE'S first mass cycling event on public roads, OCBC Cycle Singapore, will take place on Feb 22 next year. It is open to cyclists of all ages and skill levels, across distances ranging from skm to 50km. There will be four categories Ladies'
      197 words
    • Article
      Lock icon Global equities could fall further: strategist
      431 7  -  CONRAD TAN Investors advised to sell risky assets into any rally as volatility will remain high By A QUICK recovery in stock markets worldwide is most unlikely, the investment head of a private bank in Asia said yesterday. "It's going to get a lot
      431 words
    • Article
      Lock icon Phillip Sec stops covering Cacola due to 'lack of insight'
      329 7 PHILLIP Securities Research Pte Ltd has stopped coverage on China-based Cacola Furniture International Ltd due to a lack of insight and concerns over the profitability of the company's distributors. "We have decided to cease coverage on the group due to
      329 words
    • Article
      Lock icon Lian Beng wins $84m DSTA job
      150 7 LIAN Beng Group has secured a contract to build camp facilities at Kranji for Defence Science and Technology Agency (DSTA). The construction contract, which is worth about $84 million, will commence this month, it said. A spokeswoman for Lian Beng said the group expects
      150 words
    • Article
      Lock icon Portman sale nets Noble A$118m profit
      363 7  -  WINSTON CHAI By COMMODITIES supply chain manager Noble Group's fourth-quarter earnings will be boosted by a Asl 17.7 miUion profit (Ssl 16.2 m million) from the sale of its stake in an Australian investment. However, the company's stock continues to head south as the
      363 words
    • Article
      Lock icon SPH tapping $150m in bank loans
      157 7 SINGAPORE Press Holdings has struck separate agreements with DBS Bank and OCBC Bank for unsecured term loan facilities totalling $150 million. The three-year loans will be used for working capital and general corporate funding, SPH said yesterday. The media group has an investment portfolio
      157 words
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      Lock icon Page 6 Advertisements Column 1
      237 6 From now till 31 st December 2008, sign up for any of the Straits Times Digital or The Business Times online (BTO) 2-year subscription plans below and: Enjoy a subscription gift of Ss2o CX Tang shopping vouchers Stand a chance to win Sslooo worth of Pan Pacific Singapore Hotel vouchers.
      237 words
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      Lock icon Page 7 Advertisements Column 1
      15 7 WORLDWIDE HOTEL RESERVATION www.luxury.com.sg Complete with rates and location map tmm > for the -*-A."; ncS
      15 words
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      Lock icon Page 7 Advertisements Column 2
      55 7 mfh3f3 M 3 /;j£j/jy ways id QUIJT SMOKINQ Jd/ cjddcJ *Ask your Doctor or Healthcare Professional to find out more Cigarettes are highly addictive. Studies have shown that tobacco can be harder to quit than heroin or cocaine. Your healthcare professional can help you overcome your tobacco addiction. QUITUNE Singapore
      55 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Wave of heavy selling hits bourses
      634 8  -  R SIVANITHY STOCKS Worries that Wall Street might tank send STI below 1,700; one billion units worth $863 million traded THE region's stock markets were engulfed by a wave of heavy selling yesterday afternoon, resulting in the Straits Times Index (STI) losing the 1,700
      : Bloomberg  -  634 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      87 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 9 5 0 0 0 2 9 5 lanufacturing 22 89 39 10 24 94 49 Commerce 34 19 39 21 'pt/Stor/Comms 25 26 :inance 30 30 Construction 'roperties 26 26 lotels/Rsts jervices 35 25
      87 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      113 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 32,734 32,734 47,990 47,990 lanufacturing 256,720 36,230 292,950 137,202 1,170 138,372 lommerce 80,366 7,091 87,457 72,108 821 72,928 'pt/Stor/Comms 85,075 307 85,382 123,193 58 123,251 :i nance 45,624 45,624 262,760 262,760 lonstruction 9,884 1,463 11,347 1,002 47 1,048 'roperties
      113 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 8 lapitaLand 2.590 -0.100 lapitaMall 1.760 -0.100 jtyDev 5.750 -0.500 losco Corp 0.765 -0.070 IBS Grp 9.900 -0.200 :&N 2.900 -0.200 ient Intl 0.380 -0.005 iolden Agri 0.180 -0.005 IK Land 2.320 -0.050 IMH 19.020 ISH 10.100 -0.240 lardineC&C 9.600 -0.800 Ceppel Corp 4.400 -0.220 Ceppel Land
      106 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      933 8  -  CONRAD TAN Singapore Strategy CIMB-GK RESEARCH, Nov 18 THE Q3 2008 earnings season has just concluded. Despite marked-down expectations by our analysts, the number of companies with earnings misses still outnumbered those that sprang positive surprises by 2:1 (in Q2, it was 2%:1). Sectors that disappointed this quarter
      : Bloomberg  -  933 words
    • Article, Illustration
      Lock icon Greenback rises against euro, yen
      511 8 Bloomberg CURRENCIES [TOKYO] The US dollar rose against the euro and the yen on speculation overseas investors bought more of the safest US assets as the global economy entered a recession. The Dollar Index, a measure of the greenback against a basket of currencies of
      Bloomberg; AFP  -  511 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 8 Nov18 VALUE CLOSE BT OB/OS -627.00-363.00 BT CADI -*****.00-230.00 BT 10-day MA -*****.00 -62.00 FTSE ST Mid Cap 338.54 -13.11 FTSE ST Small Cap 283.80 -8.06 FTSE ST All Share 404.98 -13.84 FTSE ST China Top 170.11 -9.31 FTSE ST China 171.22 -7.67 UOB Catalist 78.53 -0.54
      60 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME Golden Aqri 58,122,000 Noble Grp 33,294,000 China Honqxinq 31,297,000 Yanqzijianq 24,568,000 StraitsAsia 22,234,000 SingTel 20,080,000 Memstar 19,971,000 Olam 18,275,000 IndoAqri 18,189,000 Cosco Corp 17,106,000 VALUE(S) DBS Grp 81,356,000 SGX 73,687,218 UOB 67,924,150 SingTel 49,103,116 CapitaLand 31,285,890 OCBC Bk 30,387,410 Noble Grp 29,636,350 Wilmar 28,639,300 Keppel Corp
      54 words
    • Article
      Lock icon RISES
      102 8 CLOSE UP STI2500BNPePW*****7 160 40.0 33.3 STI 2450 DBePW*****1 151 29.0 23.8 UOBSGAePW*****1 110 21.0 23.6 DBS Bk6% NCPS 10 9440 20.0 0.2 OCBC Bk4.5%NCPS 100 8300 20.0 0.2 ICBCCai 5.1%NCPS 100 8520 20.0 0.2 RBePW/*****6 162 9.0 5: At RB ePW*****3 92.5 7.5 8.: STI 2500BNPePW*****6 107 7.0
      102 words
    • Article
      Lock icon FALLS
      111 8 China H 10US$ CLOSE DOWN 843-100.7 -7.3 Jardine C&C 960 -80.0 -7.7 GLD 10US$ 7349 -62.6 -0.6 At 575 -50.0 -8.i JSH 1010 -36.6 -2.3 India Ni 10 821 -34.0 -4.i Venture Con 430 -34.0 -7.: Korea 10US$ 197 -29.0 -8.! S I A 1100 -28.0 -2.5 :MPro| 500
      111 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      84 8 Nov 18 %CHNG YR2008 CLOSE FRNOV17 S$ LOW S$ HIGH USS 1.5272 -0.24 1.5272* 1.3457 Euro 1.9221 0.49 2.2064 1.8640 Pounds 2.2955 -1.33 2.8431 2.2472 AS 0.9815 1.69 1.3251 0.9068 Yen* 1.5861 -1.12 1.6645 1.2619 Rupiah* 0.***** 0.61 0.***** 0.***** Baht* 4.3616 -0.17 4.4299 4.0190 Peso*
      84 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Town council explains investment
      190 10 TANJONG Pagar town council said yesterday that it did not buy any Lehman Brother bonds directly but that one of its fund managers, Lion Global Invest, bought $250,000 of Lehman bonds. This translates to 0.14 per cent of the council's $179 million sinking fund. The disclosure
      190 words
    • Article, Illustration
      Lock icon Employment Act changes to benefit more workers
      593 10  -  CHUANG PECK MING YESTERDAY IN PARLIAMENT However, some MPs fear they could add to local companies' business costs Reports by DESPITE the economic downturn, Parliament yesterday gave the green light for changes to the Employment Act, which some MPs fear could add to
      593 words
    • Article
      Lock icon Statutory boards' investments not affected
      313 10 GOVERNMENT statutory boards seemed to have escaped relatively unscathed in their investments, with only four of them having put their money in credit-linked notes, according to Finance Minister Tharman Shanmugaratnam. The four, including the Infocomm Development Authority of Singapore, suffered a 14 per cent paper
      313 words
    • Article, Illustration
      Lock icon BT Fund's budding artists get practice home
      337 10  -  NOOR AISHA By YOUNGSTERS will have another avenue to explore and nurture their artistic capabilities with the launch of The Little Arts Academy by The Arts House. The 10,000 square foot facility at Paradiz Centre arose from a need to provide a systematic
      JOYCE FANG/THE STRAITS TIMES  -  337 words
    • Article
      Lock icon MOM unveils 'Design for Safety' guidelines
      304 10  -  UMA SHANKARI New guidelines will help to minimise risks at source By The Ministry of Manpower (MOM) yesterday unveiled guidelines on how the construction sector can incorporate safety management at the design stage of a project. The guidelines Design for Safety in Buildings and
      304 words
    • Article
      Lock icon Strong speakers feature at social enterprise event
      237 10  -  TEH SHI NING By THE Global Social Innovators Forum (GSIF) 2008 next weekend will see a line-up of local and international speakers discussing how social enterprise and innovation can create opportunities for businesses. The forum is in its third year and was first
      237 words
    • Article
      Lock icon Funding boost for young entrepreneurs
      262 10  -  NISHA RAMCHANDANI By SPRING Singapore launched a $12.5 million fund aimed at making seed money more accessible to young entrepreneurs to mark the official launch of Global Entrepreneurship Week 2008 yesterday. The Young Entrepreneurs Scheme for Start-ups (YES! Start-ups) will tap the existing $25 million
      262 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon SFI subsidiary signs deal with Jilin govt
        76 10 SINGAPORE Food Industries subsidiary SFI Manufacturing yesterday signed a pact with Jilin city government in north-east China to examine setting up a food production zone of about 400 sq km in Jilin. Plans being studied include building a facility in Jilin city to
        76 words
      • Article
        Lock icon HSBC's Serangoon Garden centre opens
        28 10 HSBC yesterday announced the official opening of its new centre at Serangoon Garden, which offers premier services to customers living in the area.
        28 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Fed has done what it can, says US central banker
      447 11 -Reuters He warns of a painful process of readjustment ahead [WASHINGTON] The US central bank has done what it can to buffer the economy through a downturn, and a painful process of readjustment is likely ahead, Kansas City Federal Reserve
      -Reuters; BLOOMBERG  -  447 words
    • Article
      Lock icon Japanese growth may not return until 2010
      591 11 Reuters [TOKYO] Japan's Economics Minister Kaoru Yosano said yesterday the economy may not return to growth until 2010, suggesting the recession that began in the second quarter could be much longer than the central bank has forecast. The world's second-larg-est economy slipped into
      Reuters  -  591 words
    • Article
      Lock icon China calls for talks to continue under Obama
      397 11 -AFP [BEIJING] China hopes that regular high-level economic talks with the United States will continue under next US president Barack Obama, Foreign Ministry spokesman Qin Gang said, describing them as an important way to maintain good relations. "We hope the two countries
      -AFP  -  397 words
    • Article, Illustration
      Lock icon Asia will remain dynamic despite crisis: ADB
      410 11 -AP [SEOUL] Asia will take a substantial hit from slowing demand for its exports as the global downturn unfolds but will remain the world's most economical-ly-dynamic region, an Asian Development Bank (ADB) economist said yesterday. "The growth rate will decline but Asia will
      -AP; AP  -  410 words
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      Lock icon Page 11 Advertisements Column 1
      196 11 Ruji UP $498 Oriental Teak Primitive t_i— -__—-ij Tall Cabinet Towel Rack Tele Stand Silang UP $498 S I*" m /I pS|| n $49 laaSl L N°/A $VZy Tealc ■HHP^C I■l I$24V Teak Towel Rack E|j|n|yjijniflilttltaVn34lip9 I I^*- Stool sofe /^ft Tffr m *"sc~' iHunii^i UPTS399 W $79* UP $99*
      196 words
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      Lock icon Page 11 Advertisements Column 2
      36 11 An evening with DIIUID BVIME LIKE featuring the songs of Talking Heads and David fiqrne /Brian Eno i■ v I. v-~~- 4 A *j L I 1? '1 *Jt'3fiE3 a m iM i^r J s j^u
      36 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Indian growth headed for rebound to 9% in 2009
      531 12 Bloomberg Minister signals lower interest rates, explores excise duty cuts [NEW DELHI] India's economy will "bounce back" to 9 per cent growth next year as local demand holds up amid a global recession, Finance Minister Palaniappan Chidambaram said. "There will be
      – Bloomberg; BLOOMBERG  -  531 words
    • Article, Illustration
      Lock icon Chinese students make beeline for US
      510 12 -AP [COLUMBUS, Ohio] Chinese students are enrolling in US universities in record numbers, encouraged by aggressive recruiting combined with China's booming economy and growing middle class. Their enrolment grew by 8 per cent in the fall of 2006 and by 20 per cent last
      -AP |; Graphic adapted from AP  -  510 words
    • Article
      Lock icon Bank of America ups CCB stake
      381 12 Reuters Its shareholding has increased to 19.1% from 10.75% [NEW YORK] Bank of America Corp said that it will boost its stake in China's third-largest bank, China Construction Bank Corp, to 19.1 per cent from 10.75 per cent. Monday's decision should end speculation that
      – Reuters  -  381 words
    • Article
      Lock icon India's outbound M&A plans on hold
      308 12 Reuters [MUMBAI] Tata Group, India's second-largest conglomerate, which has scooped up Western assets from steel to sports cars, has put its merger acquisition (M&A) plans on hold. It is not alone. Corporate India's overseas ambitions are being scaled back, as the global financial tailspin
      – Reuters  -  308 words
    • Article, Illustration
      Lock icon ICICI halves loan growth target
      380 12 J_ Bloomberg [NEW DELHI] ICICI Bank Ltd, India's second largest, has halved its target for growth in lending to 15 per cent as global financial market turmoil spills into Asia's third-largest economy. High borrowing costs and a slowing economy are denting demand for loans in
      _ — J_ – Bloomberg; AFP  -  380 words
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      1378 12 Lianhe Zaobao I I How to profit I from I Contract for I Differences (CFD) trading I linab r I I market A MATS 1 IN THE MATTER OF IN THE MATTER OF THE THE COMPANIES ACT, CAP. 50 COMPANIES ACT, CAP. 50 intheSSiho* 111 TUE MOTED (IE OVERSEAS FISHERY
      1,378 words
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      304 13 ySvT< -I—*j*"4 J 3 If your IT system goes down, will the rest of your business follow? ~f\ Our reliable architecture keeps you on firm ground. numerous applications reside. Drawing on our expertise in The moment you think you're prepared for anything, multiple platforms and storage management, we are able
      304 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon KL moves could dent support for opposition
      458 14  -  S JAYASANKARAN Petrol, rice prices, night toll rates cut; highway documents declassified By in Kuala Lumpur The Malaysian government announced a series of populist measures on Monday and yesterday that are likely to be welcomed by the public and further erode the chances
      AFP  -  458 words
    • Article
      Lock icon More economic boosts may be on the way
      249 14 -AFP [KUALA LUMPUR] Malaysia may introduce more measures to stimulate economic growth and counter the worsening global financial crisis, Deputy Prime Minister Najib Razak said yesterday. The government earlier this month announced a RM7 billion (552.9 billion) stimulus programme, warning that growth
      -AFP  -  249 words
    • Article
      Lock icon Bursa to launch new trading platform
      347 14  -  PAULINE NG System may go "live" as early as Dec 1 By in Kuala Lumpur The Malaysian stock exchange will launch a new equities trading platform next month that is expected to be more accessible, efficient, transparent and scalable. This will make any integration
      347 words
    • Article
      Lock icon Two more Islamic fund management licences
      264 14 Bernama [KUALA LUMPUR] The Securities Commission has granted Islamic fund management licences to two more foreign companies, Deputy Prime Minister Najib Razak announced yesterday. The latest licences were issued to India's leading fund management company Reliance Capital Asset Management and to Kuwait-based Global Investment
      Bernama  -  264 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Democrats rev up with US$25b plan
      702 15 -Reuters, AP, Bloomberg US AUTO CRISIS Proposal comes with strings attached but faces political headwinds [WASHINGTON] US Senate Democrats took the first step towards bailing out the crippled car industry on Monday by proposing a US$25 billion loan programme, a plan that faces stiff
      -Reuters, AP, Bloomberg; REUTERS  -  702 words
    • Article
      Lock icon Ford cuts Mazda stake to raise US$540m
      246 15 Bloomberg, Reuters [TOKYO] Ford Motor, reeling from plunging US car sales and a sinking share price, yesterday said it would raise about US$54O million selling part of its stake in Japanese affiliate Mazda Motor to ease cash concerns. The automaker will sell 20
      Bloomberg, Reuters  -  246 words
    • Article
      Lock icon Will a Detroit meltdown delay green-car rollout?
      468 15 Reuters Concern grows as US carmakers seek USs2sb in handouts [LOS ANGELES] Call it an economic and environmental murder mystery in the making: Will a cashstrapped Detroit kill the electric car again? Stung by an association with gas-guzzling SUVs and pushed to the
      Reuters  -  468 words
    • Article, Illustration
      Lock icon Massive job losses predicted in City of London
      557 16  -  JANE MOIR By 2010, corporate finance, derivatives sector jobs may be cut by half: study By in London THE City of London is bracing itself for a major shakeout as job losses escalate among banks and companies hit by the credit crunch,
      REUTERS  -  557 words
    • Article
      Lock icon Producer prices fall record 2.8% in Oct
      419 16 Reuters LATEST US DATA [WASHINGTON] US producer prices fell a record 2.8 per cent in October as energy prices slid, government data yesterday showed, but a measure of core inflation at the farm and factory gate rose more than forecast. The Labour Department
      Reuters  -  419 words
    • Article
      Lock icon Macquarie's H1 profit drops 43%
      368 16 Bloomberg [SYDNEY] Macquarie Group posted a smaller-than-expected drop in profit and said that earnings may withstand the credit crunch, sending its shares to their biggest gain in two months. Net income fell 43 per cent to As6o4 million (*****.6 million) in the six months ended
      Bloomberg  -  368 words
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      269 15 Discounts Available for Strategic Partners Register Here! http://haas.berkeley.edu/groups/alumni/abc/ Asia Business Center Prpcpntc Guest of Honor Discussion Topics S Iswaran, Senior Minister of State, Managing a Large Family Business Ministry of Trade and Industry Managing Wea th in Family Business Managing Growth in a Global Economy Keynote Speakers Managing Group Dynamics
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      115 16 A Venue with a Difference... i I Indoor and outdoor venues in a []MHI[S| (Leve s Peninsu aTower) g£2«g2J> (Level 4) ii^P B^ BH^gl the legends^ MIS CC\VIC4 SEAFOOD BUFFET M^Sl i"; """""""^f I Ift SBSIXS Lunch dinner y ■■:'J." !I ■'s^f^^mi lifi Served daily on weekdays, except public holidays
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  • TransportHUB
    • Article, Illustration
      Lock icon The pain of US port security
      1073 17 An expected new security rule for inbound cargoes could hit players hard, reports VINCENT WEE THE already lacklustre trade climate faces potentially yet more obstacles at the end of this month when a new US security filing rule could be announced with phased implementation
      AFP  -  1,073 words
    • Article
      Lock icon Are the world's navies impotent against Gulf of Aden pirates?
      913 17  -  DAVID HUGHES STRAIT TALK Sailing around the Cape is expensive international trade will suffer badly By LATER this week, I will be travelling to South Africa to cover the International Bunker Industry Association Convention in Cape Town. The last time
      913 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        103 17 '000 lov CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.28 0.19 0.77 0.33 0.58 0.43 0.04
        103 words
      • Article
        Lock icon KLSE
        36 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.57 8.35 8.40 2.30 unch 0.08 0.09 0.01 -0.05 -0.10 -0.08 unch 0.01 unch 21 233 467 932 0 510 150
        36 words
      • Article
        Lock icon BANGKOK
        12 17 '00 'recious Ship Regional Cont 10.70 6.00 0.20 -0.20 6029 1664
        12 words
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        Lock icon HONGKONG
        6 17 '000 toil .13.04 -1.58 687
        6 words
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        Lock icon PHILIPPINES
        22 17 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.40 14.00 unch unch -0.20 -0.25 unch unch 1286 1322 0 0
        22 words
      • Article
        Lock icon TAIPEI
        23 17 Evergreen Marine ...16.90 :irst Steamship 31.90 /Van Hai Lines 13.85 t'ang Ming Marine ..10.60 unch -2.40 -0.50 -0.60 13 7 3 21
        23 words
      • Article
        Lock icon TOKYO
        43 17 '000 log 18 Yen Vol <awasakiHvylnd...198.00 (awasaki Kisen 361.00 Mitsubishi Hvy 359.00 Mitsui Eng&Sbldg ..131.00 Mitsui Osk Lines ....487.00 Mippon Express 393.00 Mippon Yusen 458.00 iource: Thomson Reuters -8.00 ***** -6.00 8886 -5.00 ***** -4.00 ***** 2.00 ***** 2.00 2466 2.00 *****
        43 words
    • Article
      Lock icon PSA pulls out of Hazira terminal project
      245 17  -  NISHA RAMCHANDANI Venture partner Royal Dutch Shell seeks new partner By PSA International has pulled out of a joint venture with Royal Dutch Shell to build a cargo container terminal in the Indian state of Gujarat. According to a Dow Jones wire report,
      245 words
    • Article
      Lock icon Drybulks face sinking asset fallout
      398 17 Fairplay [LONDON] Dwindling asset values are upending calculations for previously ordered drybulk newbuilds, and heightening fears on loan covenants. Genco, which agreed in June to acquire six newbuilds for US$53O million, cancelled its purchases last week and walked away from a US$53 million deposit. Analysts
      Fairplay  -  398 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon CAI inks $65m Saudi airport contract
        565 18 This is the biggest single deal and the longest contract for CAI to date ByVEN SREENIVASAN [SINGAPORE] Changi Airports International (CAI) has inked a $65 million airport management contract in Saudi Arabia its big-gest-ever single deal. The six-year management contract with the General Authority
        565 words
      • Article, Illustration
        Lock icon US airlines struggle to sell idle planes
        689 18 Bloomberg [DALLAS] American Airlines, United Airlines and Continental Airlines Inc, stung by fuel costs and a drop in traffic, face a new challenge: what to do with planes valued at US$2 billion now idled or set to be grounded through 2009. With virtually
        – Bloomberg; AP  -  689 words
      • Article
        Lock icon Pact boosts Delta international services
        431 18 -AP [ATLANTA] An expanded marketing alliance that Delta Air Lines Inc has reached with Alaska Air Group Inc will help feed passengers to support new international routes that Delta plans to launch next year, the carriers said on Monday. Delta's chief, meanwhile, said that the
        -AP  -  431 words
      • Article
        Lock icon JAL faces strike in pay dispute
        163 18 Bloomberg [TOKYO] Japan Airlines Corp (JAL), the nation's largest international carrier, said some pilots, airline attendants, and other workers may strike today to press for higher pay. One of its unions is also planning a two-day strike until Nov 20, according to a statement
        – Bloomberg  -  163 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2451 18 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
        2,451 words
    • TRANSPORT HUB: LAND/AVIATION
      • Article
        Lock icon British architect gets job for NY bus terminal tower
        332 19 Bloomberg [NEW YORK] British architect Richard Rogers's firm was chosen to design a 1.3 million square-foot office tower to be built above New York's Port Authority Bus Terminal. Rogers Stirk Harbour Partners of London was selected from among three competitors to
        Bloomberg  -  332 words
      • Article
        Lock icon 2 Qantas planes damaged
        142 19 Bloomberg [SINGAPORE] Qantas Airways Ltd, Australia's largest carrier, said that two of its Boeing 747 aircraft were damaged in a collision while being towed at a maintenance base. "Both aircraft did sustain some damage and the extent of this is being assessed," Qantas said in a
        – Bloomberg  -  142 words
      • Article, Illustration
        Lock icon Rail must be a core part of Asian transport: LTA chief
        613 19  -  SAMUEL EE ASIA RAIL 2008 Most space-efficient way to carry people, least stress on environment Reports by TRANSPORTING people and goods in a sustainable manner in fast-growing Asia is a necessity, not an option. And rail has to be
        613 words
      • Article, Illustration
        Lock icon SMRT's experience helps it stay on track
        581 19 It goes all-out to get Circle Line running by mid-2009 CHALLENGES abound for the operator of any mass rapid transit system, but experience and a good working relationship with the regulatory authority should overcome them and ensure a successful project. Some of the
        JOSEPH NAIR  -  581 words
      • Article, Illustration
        Lock icon Dassault in talks to raise stake in Thales
        410 19 o Bloomberg [TOULOUSE, France] Dassault Aviation, maker of the Falcon corporate jet, started exclusive talks on buying Alcatel-Lucent SA's 20.8 per cent stake in Thales SA to expand its holding in Europe's largest de-fence-electronics manufacturer. The acquisition price will be 38 euros
        o – Bloomberg; REUTERS  -  410 words
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      252 17 CRITICAL BUNKER RECOVERY REVISION NOTICE Further to ourvarious announcements of Critical Bunker Recovery (CBR), the qua ntum of which was conditional v pon bunker prices for IFOIBO (in Colombo) remaining within the range of USS 400/MT and USS 700/MT. The cost of IFOIBO has come down to below USS 500/MT
      252 words
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      233 18 CRYPTIC CROSSWORD performance (7) BH i i l l ca \o-d) ~i i j round small enclosure (7) 27 Appreciate those applauding when going very quickly 8 Sarah gave trouble during YESTERDAY'S SOLUTION (4,3,8) [f'u!. 3?63^? Across: 1 Orchards, 5 Pom pom, 14 Mob find weightless sea-or- g Diphthongi Adorni
      233 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon The cost of straying from the fundamentals
      515 20 INEVITABLY, it takes a crisis for people to appreciate the concept of best practices. It is in all investment textbooks and all financial planning courses; the first step in an investment or portfolio management process is to construct a policy statement. The policy
      515 words
    • Article, Illustration
      Lock icon Global crisis tests India's policy choices
      864 20  -  BOBBY PARIKH Policy prescriptions must foster depth, variety and innovation while better managing risks By INDIA'S economy has, for the large part, been spared the worst from the financial contagion that has afflicted other parts of the world. In part, this is because the
      AP  -  864 words
    • Article, Illustration
      Lock icon China may well regret not taking Dalai Lama seriously
      774 20  -  FRANK CHING THE BOTTOM LINE THE latest round of talks between representatives of the Dalai Lama and the Chinese government predictably failed to make progress and now hundreds of Tibetans are gathering in Dharamsala, India for a week-long crisis meeting to
      774 words
    • Article, Illustration
      Lock icon Young and enterprising
      995 21  -  CARL SCHRAMM With the world economy under stress, it's important for youth to look for new ideas and open the mind to new realities By IT IS easy to belittle the notion of youth entrepreneurship. To quite a few people, the notion itself still evokes images of
      AP  -  995 words
    • Article, Illustration
      Lock icon Welcome to the 21st century workplace
      826 21  -  TERESA LIM By PEOPLE work around the clock in today's "flat" economy, with colleagues and companies collaborating around the world. The workplace is being shaped by young workers who want to be challenged and fast-tracked to success. They expect flexible work options and access
      FILE PHOTO  -  826 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8895 22 Transaction date: Nov 18 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld Net |h Low Buyer Seller C'vr P/E M Cap Hi! Com| >an] 12 3 3148 8Telecom 19 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12
      8,895 words
    • Article
      Lock icon SGX CATALIST
      593 23 52-wks Tel |h Low Code Coj Last Sale +2Vol COOP) Hi; Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap Hil 20 11.5 1181 s AAGrp 32 16 8538 s APStrategic 6 1 1501 s Advanced System 38 12.5 3518 s Afor 26
      593 words
    • Article
      Lock icon SGX XTRANET
      671 23 52-Wk Tel High Low Code Last Sale Vol COOP) Day 111 Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Com _Hm ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 385 158
      671 words
    • Article
      Lock icon CLOB INTERNATIONAL
      766 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      766 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8954 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.411/ AIGIF S'pore Bond Fund/ A 1.257/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.58/ APS Alpha Fund (USD)!** 0.38/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6044/ APS Komaba
      8,954 words
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      31 22 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. JB& ||g< 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. l^^^^^H ';V;JI Internet: Http://www.audemarspiguet.com i^^** II fl^K'^O
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      368 24 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Noi/17 World Index Preliminary 656.2 -1.2 -42.0 -1.0 -42.1 -1.2 -45.: EAFE Preliminai 633.1 -2.0 -43.5 -1.8 -46.4 -2.0 -49.: Euro[ Prelim inan 883.0 -2.9
      368 words
    • Article
      Lock icon PALM OIL
      57 24 NovlB lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low 3ecO8 1429 Ian 09 1435 :eb09 1437 Vlar 09 1437 fatal o/p: ***** contracts 1425 1431 1401 464 1435 1446 1407 2312 1436 1446 1400 6238 1438 1443 1402 1740 Turnover: ***** lots
      57 words
    • Article
      Lock icon STOCK INDEX FUTURES
      21 24 NovlB STI IIMSCI Nov 208.3 210.5 202.4 "aiwan Nov 162.3 163.7 160.0 Source: MF Global (S) He. Ltd
      21 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 24 Nov 18 Bid Offer 1-month 1.5248 1.5280 2 months 1.5222 1.5257 3 months 1.5202 1.5237 6-months 1.5133 1.5168 Source: OCBC
      23 words
    • Article
      Lock icon SIBOR
      67 24 NoviS (US$) (SS) 1.***** 0.***** 6mths 1.***** 9mths 1.***** 12mths 1.***** mth mths 2.***** 0.***** mths 2.***** 0.***** 2 mths mths mths 2.***** 2.***** 2.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs 2.***** 7yrs 2.***** 10yrs 2.***** 12 yrs
      67 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      301 24 NoviS URODOLLAR FUTURES DecO8 VlarO9 unO9 iepO9 97.8800 98.0700 98.0400 97.9450 5219 9888 3864 2913 EUROYEN TIBOR FUTURES DecO8 99.220 99.220 VlarO9 99.340 99.340 unO9 99.395 99.395 >epO9 99.400 99.405 DecO9 VlariO un10 >ep10 99.220 99.340 99.395 99.395 99.220 99.310 99.390 99.360 99.325 99.215 99.155 99.130 753
      301 words
    • Article
      Lock icon SICOM FUTURES
      196 24 NovlB RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Dec 08 174.0 Jan 09 176.0 FebO9 178.0 Mar 09 178.0 Apr 09 178.0 May 09 176.8 171.0 176.0 178.0 178.0 176.2 176.0 171.0 174.0 174.0 174.0 176.0 176.0 122
      196 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 24 NovlB TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****A 19.02.09 1-Year BY*****V 02.11.09 0.60 0.78 0.50 0.45 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000
      90 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 24 As at 9am NoviS Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9770 1.0190 Can dollar 1.2300 1.2450 Euro 1.9150 1.9400 NZ dollar 0.8340 0.8520 Sterlini 2.2710 2.2981 US dollar 1.5140 1.5330 Local dollars to 100 units of foreign currency: Currencies
      130 words
    • Article
      Lock icon INTERBANK RATES
      169 24 NoviS fer Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 1/8 3/4 13/16 7/8 Offer 1/16 1/2 9/16 5/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 1.10 1.80 2.70 2.80 3.25 3.30 3.50 Offer 0.60 1.30 2.20 2.30 2.75
      169 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 24 NoviS AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.791 4.405 0.510 5.001 32.053 76.946 0.624 9.346 2.324 1.168 51.249 32.204 0.986 6.567 0.773 21.438 22.587 0.428 0.645 Canada 1.263 5.566 0.644 6.319 40.498
      462 words
    • Article
      Lock icon PRECIOUS METALS
      135 24 NovlB GOLD (USS/oz) Nov18 Nov17 Hong Kong London 741.90 749.00 742.90 750.00 Nov 17 Nov 14 737.45 743.80 739.45 746.30 Source: Thomson Reuters CAST BAR S$) Nov18 Buying Sellim Kilobar "38,894.50" ***** PAMP GOLD BARS 6$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 ozUBS
      135 words
    • Article
      Lock icon LONDON METALS
      70 24 Novl7\ minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 1839.50 3 months 1890.00 1878.20 1928.00 Copper, Grade A (US$/tonne) Cash 3 months 3609.00 3660.00 3780.20 3820.00 Lead (US$/tonne) Cash 1252.80 3 months 1271.00 1330.00 1345.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • Article
      Lock icon LIFFE
      68 24 Novl7 COCOA (Btonne) Close Prev Hii ih/Low Dec 08 1440 1365 1448/1376 Mar 09 1360 1361 1388/1360 May 09 1360 1365 1391/1360 JulO9 1363 1372 1393/1363 COFFEE (US$/tonne) Close Pev High/Low Nov08 1785 1800 1814/1722 Jan 09 1825 1828 1846/1829 SUGAR (US tonne) White Close Prev High/Low Mar 09
      68 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 NovlB Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9844 0.9868 0.6451 0.6454 Canadian dollar 1.2437 1.2468 0.8151 0.8155 Euro 1.9303 1.9345 1.2650 1.2653 NZ dollar 0.8420 0.8452 0.5518 0.5528 Sterling 2.3014 2.3067 1.5082 1.5087 US dollar
      155 words
    • Article
      Lock icon CHICAGO BOT
      101 24 Novl7\ SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 906.50 896.00 918.00 892.00 Mar 09 915.50 905.00 925.00 901.00 May 09 926.25 915.75 935.00 912.00 Jul 09 935.00 941.00 924.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 32.32 32.60 33.00 32.20 Jan
      101 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 24 CRUDE OIL PRODUCTS Novl7 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 53.90 0.15 WTI (Near Mth) 55.05 -1.61 Dubai (1-Mth F) 49.38 -2.02 Tapis blend 56.40 -2.15 Minas 55.70 -1.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 27.60 74.70 -2.17 0.05 US$/barrel Opec Oil Basket
      76 words
    • Article
      Lock icon BONDS & WARRANTS
      2957 24 BONDS WARRANTS rel Zode Com| Last Sale +orPrem Expiry Vol Conv Exer Disc Gear- Mths ('000) Ratio Price ing Left >am 2058 Advance Modules Grp W*****3 >036 Advance SCT Ltd W*****9 )092 Asia Environment W*****4 1481 Asia Water Tech Ltd W*****0 3816 Asiasons Capital Ltd W*****7 3756 Asiatic Grp (H)
      2,957 words
  • Page 24 Advertisements
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      167 24 Ti J X Trade energy futures; look out for: triCl OT ■■B r Strength of the U.S. dollar B PL Fund activity and speculative interests fjll O m^^^^m JM y7/^*> Geopolitical tensions in oil-producing countries V^M t^\^\^l I I I Demand and supply of oil products Ever since hitting record
      167 words
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      2466 25 m The Business Times Shipping Times M KM B-fffffßffnjTfftffß-fvTTfftfSßffil WAN HAI INTERNATIONAL PTE LTD CRN0M**********/R m |t^B ISM fflfrwEKFraiwDif %Tvm\iaiam UAI l IMFC TEL:*****58. 8 <14HNES). FAf :*****163 I B* 11 I"X^Jtl* 11 IBW SBH 1B!WB V VtMIl rlnl LINED ram (■«)T«.jco«iAxt«)T«-re»xiiNiii Mirw wx (■■iivv..*™ MBbM V* JOH TEL: (07)
      2,466 words
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      3282 26 RICKMERS-LINIE »-h «h,, .-vh. 1 \Wjr\ EASTERN CAR LINER, LTD IFS I uSe!" 0"'6'""7"16" 7506 COnVen"Ong' SerV'iS;- WebS"e: ~Htkmer^- jf-""-J spec.al.ze in RORO heavy uft UPTO 450 ToTiTl WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB
      3,282 words
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      6289 27 PSI HIS H H 118 A^gjgli!^ zosh^wa, JSSI f& GLORY NAVIGATION GBOUpi W JPiißiJilililffiiHiiiPWWl Hi north west express line w&^-tJGi^u«m^ |«®|jjj MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES (SINCE 1970) ■^S VESSEL VOY Singapore Merak Christmas Island Fremantle Cotos Island Christmas Island Pasir Gudang OWNS OPERATES
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  • executive Money
    • Article, Illustration
      Lock icon New game, new rules
      786 28 Investors must adapt to the market and think differently to make money, reports GENEVIEVE CUA SAXO Bank Group chief investment officer Steen Jakobsen believes that global fiscal initiatives are a mere sideshow in getting a recovery underway. What is crucial is that consumers, particularly in the
      786 words
    • Article
      Lock icon Picking stocks is the wrong way to go
      523 28  -  GENEVIEVE CUA By ASIAN investors should wean themselves away from the illusion that they can pick stocks and time markets. Says Saxo Bank Group chief investment officer Steen Jakobsen: "I think 80 per cent of readers should not invest in markets themselves.
      523 words
    • Article
      Lock icon Recession may be less damaging without govt bailouts
      861 28  -  KEVIN HASSETT By WHEN times are bad, you find out who you are. In some sense, economics is like sports. Sometimes you get slaughtered, but if you believe in yourself and keep fighting, you can win again. A look at US history
      861 words
    • Article, Illustration
      Lock icon Life-cycles and survival of the family business
      1312 29  -  JUNE LEE Times of financial turmoil offer excellent opportunities for next-generation leaders to show their mettle and bring new ideas to the table to navigate the headwinds IN TIMES of financial turbulence, we have seen how certain corporations look for quick fixes to
      STOCK.XCHNG  -  1,312 words
    • Article, Illustration
      Lock icon Close enough to the bottom
      1161 30 -NYT Some respected investors have begun to selectively buy stocks but they aren't predicting that the worst of the sell-off is over [NEW YORK] EVERY time the market suffers another steep drop, it's tempting to think that stock prices may have come down so much
      -NYT; AFP  -  1,161 words
  • Page 28 Advertisements
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      112 28 *W* JACKPOT 000,000. Sales Close: 6pm Draw: 6.30pm Branches/Outlets within CBD area: 7-Eleven Erskine Road 7-Eleven Store McCallum Street Kis Store China Square Central NTUC Fair Price Tanjong Pagar Tanjong Pagar Plaza Pinthely Floral Centre International Factors Building Precise Optics Peninsula Plaza Singapore Pools Suntec City Tower 3 #01-138 Singapore
      112 words
  • Page 28 Miscellaneous
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      544 29 Want an investment tip? Choose the right back-up. i^^^^. v ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••a The moment you start trading with Saxo Capital charting, real-time pricing, in-depth market Markets, you become the centre of our business, intelligence, news direct from international Even though most trading is done on SaxoTrader- wires and timely analyses so
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      302 30 Charting your course in ever-changing conditions. Navigating through turbulent times calls for expertise the kind that comes with over 140 years of financial services experience. At ÜBS Wealth Management, we are dedicated to helping you achieve your investment goals. Our Strategic Asset Allocation is an investment approach that helps you
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