The Business Times, 26 November 2008

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Microfilm: NL29539
Total Pages: 31
1 31 The Business Times
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  • Title Section
    Lock icon Masthead
    21 1 THE BUSINESS TIMES S$1 oo online at http://www.businesstimes.com.sg •■f* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Wednesday, November 26,2008
    21 words
  • Article, Illustration
    Lock icon S'porean to helm O&M's creative arm
    497 1  -  NISHA RAMCHANDANI Khai Meng's record speaks for itself, says company CEO By [SINGAPORE] The times they are a-changing. Ogilvy Mather Worldwide has appointed Tham Khai Meng as its worldwide creative director and chairman of worldwide creative council, making him the first Singaporean to become
    497 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      44 1 uesi iam 1 COMP 860.18 +4.79 IIKKEI225 8,323.93 +413.14 1ANG SENG 12,878.60 +420.66 SET INDEX 391.85 +5.73 JAKARTA COMP 1,154.14 +12.74 1ANILACOMP 1,908.18 +108.46 ;eoulcomp 983.32 +13.18 iHENZHEN B 245.35 +3.17 IUMBAI IND 8,695.53 -207.59 11AM EST Cham )OW 8,453.66 +10.27 IAS DAI
      44 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.00 INDONESIA 16.575 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 3.00 US 4.00 CANADA 4.00 SWITZERLAND 2.27 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      46 1 IS$ (S$ per US$) 1.515 (USS/SS per 1.513 2.291 ;URO (US$/S$/E) 1.287 1.949 Forei' in currenc ier US$ S$ 'EN 96.60 63.70 3.621 2.391 IK$ 7.755 5.121 !AHT 35.21 23.25 lUPIAH 12,250 8,088 1ENMINBI 6.827 4.507 INDIAN RUPEE 49.96 32.98 1.557 1.028 IZ$ 1.854 1.224
      46 words
  • Article
    Lock icon Fed puts economy on US$800b life support
    808 1 -Reuters, Bloomberg Paulson pledges use of all tools to maintain financial institutions, stabilise markets [WASHINGTON] The US central bank threw a massive life-line to consumers and the financial system yesterday with two programmes aimed at injecting liquidity and making it easier for consumers
    -Reuters, Bloomberg  -  808 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      81 1 W*s*& PARTING WAYS SALARIES I^^n^ GENCO EXEC MONEY Tiger Woods, GM end DBS bonuses set g^ Lights go out on Keeping faith endorsement deal to drop sharply I PowerSeraya sale with equities jk PAGE 13 PAGE 2 J/Bm^M I PAGE 3 PAGE 30 PROTESTERS storm Bangkok airport TransportHUß Arctic offshore
      81 words
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  • TOP STORIES
    • Article
      Lock icon DBS bonuses set to drop sharply
      497 2  -  CONRAD TAN But no change in monthly salaries, so that junior staff don't face hardship [SINGAPORE] DBS Group's top managers and other staff will take home less pay this year due to lower bonuses, but their basic pay has not been cut, said the
      497 words
    • Article, Illustration
      Lock icon Protesters storm Bangkok airport, shutting down terminal
      632 2 Reuters, Bloomberg Skirmish caps a dramatic day that also saw clashes on the street [BANGKOK] Flight operations at Thailand's main international airport were disrupted last night after hundreds of anti-government protesters stormed the terminal building. "We have ordered the closure of the airport
      Reuters, Bloomberg; AFP  -  632 words
    • Article
      Lock icon Q3 GDP in sharpest fall since 9/11
      421 2 Reuters, AP LATEST US DATA [WASHINGTON] The US economy shrank more severely during the third quarter than first estimated as consumers cut spending at the steepest rate in 28 years, according to a Commerce Department report yesterday that underlined how rapidly activity was
      – Reuters, AP  -  421 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Fed puts system on US$800b life support
        59 2 BUSH administration officials continued to extend massive life support efforts to the ailing US financial system. The Federal Reserve yesterday announced a US$6OO billion programme to buy mortgage-related debt and securities, and a US$2OO billion programme to increase the availability of consumer debt,
        59 words
      • Article
        Lock icon Singaporean to helm O&M's creative arm
        41 2 OGILVY Mather Worldwide has appointed Tham Khai Meng as its worldwide creative director and chairman of worldwide creative council, making him the first Singaporean to become the worldwide creative director of Ogilvy Mather. FRONT PAGE
        41 words
      • Article
        Lock icon Lights go out on PowerSeraya sale
        64 2 THE financial turmoil has claimed another casualty: Temasek Holdings yesterday abruptly stopped its sale of the third and remaining generating company, PowerSeraya, "in the light of market conditions". Industry observers said relatively poor investor interest and lower-than-expected indicative bids by investors in the first
        64 words
      • Article
        Lock icon Jade Tech reports $39m full-year loss
        82 2 INVESTORS will have to wait at least another four months for results after Jade Technologies yesterday said that the first shipment of coking coal from its mine in Indonesia its only business now has been delayed again, this time to the second quarter of
        82 words
      • Article
        Lock icon MAS tells Bright World of possible rule breach
        55 2 BRIGHT World Precision Machinery said yesterday it has received a letter from the Monetary Authority of Singapore on a possible breach of Section 203 of the Securities and Futures Act. This section relates to a firm's disclosure obligations under Singapore Exchange listing
        55 words
      • Article
        Lock icon Not possible for S'pore to pump-prime economy: PM Lee
        74 2 THE global financial crisis may be forcing other countries to spend billions to stimulate their economies, but Singapore cannot follow in their footsteps because of its small economy, said Prime Minister Lee Hsien Loong. In bigger economies, consumption can be boosted
        74 words
      • Article
        Lock icon China can hit target of 7.5% growth next year: report
        54 2 CHINA can pull off its gamble on achieving 7.5 per cent GDP growth next year, when most other major economies are expected to be in recession, by means of massive government spending on the economy, the World Bank said yesterday.
        54 words
    • Article
      Lock icon Air deal with Brazil, but flights far-fetched
      539 3  -  r LEE U-WEN SIA needs to find suitable stopover point first, says chairman SINGAPORE may have clinched a new air services agreement (ASA) with Brazil, but whether this deal can eventually result in an actual flight route between the two countries is a
      539 words
    • Article
      Lock icon Credit card defaults poised to spike
      619 3  -  SIOW LI SEN It could be a repeat of the Sars period when defaults rose after the crisis [SINGAPORE] You could call it the calm before the storm. Most credit cardholders and people with personal loans are still managing to pay their bills on
      619 words
    • Article, Illustration
      Lock icon Lights go out on PowerSeraya sale
      539 3  -  RONNIE LIM Temasek pulls the plug on genco divestment; market conditions cited [SINGAPORE] The financial turmoil has claimed another casualty: Temasek Holdings yesterday abruptly stopped its sale of the third and remaining generating company, PowerSeraya, "in the light of market conditions". Industry observers said
      FILE PHOTO  -  539 words
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      Lock icon Page 3 Advertisements Column 1
      72 3 mil j^Hply has its origins in the town of Ur in Mesopotamia. In 6000 BC. Ur's inhabitants, the Sumerians, defined the very BV^^ M <^^f first unit of time; thus laying the foundation for the measurement B ■^■^r IC of time as we know it today. Our work is a
      72 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Jade Tech reports $39.3m full-year loss
      564 4  -  CHEW XIANG First shipment of coking coal delayed again, this time to Q2 2009 INVESTORS will have to wait at least another four months for results after Jade Technologies yesterday said that the first shipment of coking coal from its mine in Indonesia its
      564 words
    • Article, Illustration
      Lock icon Job cuts not on horizon for SIA despite slowdown
      660 4  -  YEN SREENIVASAN WITH local banks, brokers and shipping companies laying off staff, could Singapore Airlines be the next to cut its work force? After all, the airline industry has been hit hard by the global financial crisis and resultant sharp economic
      FILE PHOTO  -  660 words
    • Article
      Lock icon Cerebos' Q4 profit up 4% on higher revenue
      347 4  -  JAMIE LEE CEREBOS Pacific which produces the tonic Brand's Essence of Chicken posted yesterday a 4 per cent increase in fiscal fourth-quarter net profit to $19.8 million from $19.1 million on stronger sales. Revenue in the fourth quarter was up 14 per
      347 words
    • Article
      Lock icon MAS tells Bright World of possible rule breach
      595 4  -  LYNETTE KHOO Speculation of link to trading pattern surrounding offer BRIGHT World Precision Machinery said yesterday that it has received a letter from the Monetary Authority of Singapore on a possible breach of Section 203 of the Securities and Futures Act. This
      595 words
    • Article, Illustration
      Lock icon KinderWorld a GuocoLand tenant
      276 4  -  > KALPANA RASHIWALA GUOCOLAND has signed The Kinder World Group as tenant for an international school in The Canary, an integrated development on the outskirts of Ho Chi Minh City in Vietnam. The Singapore-listed property group also said the first phase of The Canary's residential component,
      276 words
    • Article
      Lock icon Asian telcos losing defensive appeal in financial turmoil
      490 4 Reuters [MACAU] Asian telecom stocks are no longer a surefire defensive play for these financially turbulent times, with even China and India expected to see pain in the short term as a gloomy economic outlook stretches into 2009. Analysts and executives at
      Reuters  -  490 words
    • Article, Illustration
      Lock icon Low Keng Huat wins $295m mall contract
      578 5  -  KALPANA RASHIWALA Mall aims to fully let out space up to 9 months ahead of completion in 2010 ENTITIES linked to Prudential Financial Inc of the US yesterday broke ground for their $1.3 billion mall at Serangoon Central. Low Keng Huat has clinched
      578 words
    • Article, Illustration
      Lock icon HG Metal posts Q4 loss of $33.27m
      676 7  -  LYNETTE KHOO Forex losses, writedown of steel inventory outweigh robust sales STEEL stockist HG Metal swung to a net loss of $33.27 million for the fourth quarter ended Sept 30 from a net profit of $4.81 million a year ago, due to a
      FILE PHOTO  -  676 words
    • Article
      Lock icon Hong Leong Asia, Tasek call off deal
      286 7  -  KALPANA RASHIWALA Move to make Tasek a unit cancelled over condition fulfilment issue HONG Leong Asia (HLA)'s proposed sale of the group's building materials business to Tasek Corporation Bhd has been mutually called off. In an announcement yesterday, HLA said that the agreement
      286 words
    • COMPANY BRIEFS
      • Article
        Lock icon Hiccup in SGX trading systems yesterday
        51 7 THE Singapore Exchange (SGX) said trading systems were interrupted at 4.09pm yesterday because of connectivity issues at the main tele communications network. Participants were switched to the back-up tele communications network. Trading and data dissemination functions remained orderly as the disruptions were momentary in
        51 words
      • Article
        Lock icon China Auto issues bad debt, results warning
        107 7 Bloomberg CHINA Auto Corp, a supplier to the European car industry, said yesterday its risk of non-payment has increased as a result of a slowdown in car sales in the US and Europe. "At the present, we do not appear to have any
        – Bloomberg  -  107 words
      • Article
        Lock icon Noble's debt expected to fall: Moody's
        63 7 Bloomberg NOBLE Group Ltd's debt will fall as raw material prices drop, reducing the Singapore-listed commodity supplier's working capital needs and boosting cash flow, according to Moody's Investors Service. Total debt declined to US$3.l billion as at Sept 30 from US$3.2 billion in June,
        Bloomberg  -  63 words
      • Article
        Lock icon Second Chance sells clementi property
        48 7 SECOND Chance Properties said yesterday it has sold a property at Blk 449 Clementi Avenue 3 for $5.5 million, which exceeds the property's book value by $400,000. The proceeds would be used to repay some of its short-term bank borrowings, the firm said.
        48 words
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      Lock icon Page 5 Advertisements Column 1
      617 5 9 endless possibilities... KhattarWong is one of Singapore's largest full service firms with more than 150 lawyers. Our areas of practice include banking, finance property, corporate securities laws, criminal law, litigation dispute resolution, intellectual property technology, shipping and tax trusts. We have offices in Singapore, China and Vietnam and are
      617 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon A brief reprieve or something more?
      723 6  -  LARRY WEE CURRENCIES There are signs of a short-term rebound, but the big challenge is to sustain it WHAT a difference the past weekend's rescue package for embattled US banking giant Citigroup has made all round. After registering awful losses over the past three
      723 words
    • Article
      Lock icon Financial market recap
      227 6 Changes since Nov 4 YEAR TO DATE NOV 25'08 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 96.12 -2.92 112.05 90.90 SGD 1.5154 2.54 1.5346** 1.3457 IDR ***** 11.47 ******* 9035 THB 35.20 0.66 35.31** 31.00 CNY 6.8252 -0.16 7.2085 6.8099 MYR 3.6210 2.53 3.6305** 3.1310 CURRENCY
      227 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      97 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 8 3 2 0 0 0 8 3 2 Manufacturing 44 55 52 10 48 58 62 Commerce 18 22 16 18 24 19 )t/Stor/Comms 15 12 15 13 Finance 21 21 Construction
      97 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 6 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 50.245 50.245 73.971 73.971 Manufacturing 240.129 11.580 251.709 168.121 514 168.635 Commerce 110.285 5.015 115.300 88.267 519 88.786 Tpt/Stor/Comms 119.168 61 119.229 155.703 13 155.715 Finance 44.398 44.398 313.958 313.958 Construction 9.504 3.181 12.685 673
      116 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 6 lapitaLand 2.610 +0.110 lapitaMall 1.580 +0.130 jtyDev 5.280 -0.020 losco Corp 0.695 +0.015 IBSGrp 9.200 -0.070 :&N 2.890 +0.080 Sent Intl 0.375 +0.005 iolden Agri 0.185 +0.015 IK Land 2.130 +0.110 IMH 17.780 +0.240 ISH 9.600 +0.200 lardineC&C 9.110 -0.550 leppel Corp 4.750 +0.140 leppel Land
      108 words
    • Article
      Lock icon BROKERS' TAKE
      820 6  -  JAMIE LEE Banks DMG PARTNERS SECURITIES, Nov 25 WOULD you prefer a bank with recent strength in housing or manufacturing loan growth? Our analysis shows that UOB was the most aggressive in housing loan expansion since December 2004, with an 11.2 per cent housing loan compounded annual growth
      820 words
    • Article, Illustration
      Lock icon Investors continue to sell into strength
      566 6  -  R SIVANITHY STOCKS SELLING into strength has been the preferred strategy over the past year and so it was again yesterday the Straits Times Index first shot up 70 points in response to Monday's Wall Street rally but eventually closed just 32.96 points up
      566 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 6 Nov 25 VALUE CLOSE IT OB/OS -870.00 +229.0 IT CADI -*****.00 +14.0 IT 10-day MA -*****.00 -87.00 TSE ST Mid Cap 324.05 +6.47 TSE ST Small Cap 271.62 +0.67 TSE ST All Share 393.78 +7.39 TSE ST China Top 156.18 -0.35 TSE ST China 158.97 +0.48 OB
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Golden Agri 66,214,000 Noble Grp 59,133,000 CapitaComm 37,270,000 Sing Tel 28,623,000 Cosco Corp 25,786,000 IndoAqri 25,555,000 Gallant 25,467,000 Olam 25,013,000 Straits Asia 22,521,000 Keppel Land 20,032,000 VALUE(S) DBS Grp 122,934,250 UOB 98,864,540 Sing Tel 71,562,420 Capita Land 47,277,900 Noble Grp 46,299,510 SGX 42,145,785 OCBC Bk 41,243,220
      59 words
    • Article
      Lock icon RISES
      104 6 CLOSE UP 8070 342.1 2.9 LP 10US$ UOB 1190 64.0 5.7 »sia Pac Brew 1040 60.0 6.1 itraits Tri 348 58.0 20.0 uocoLand Ltd 163 55.0 50.9 IMH 1778 36.3 1.4 China H 10US$ 865 33.3 2.6 ISH 960 30.3 2.1 landRBePW/***** 59 30.0 103.4 ICBC Bk4.5%NCPS 100 8230
      104 words
    • Article
      Lock icon FALLS
      117 6 CLOSE DOWN Jardine C&C 911 -55.0 -5.7 CerebosPac 223 -21.0 -8.6 DBS Bk6% NCPS 10 9310 -20.0 -0.2 Daip irm 407 -19.7 -3.1 MCL Land 62.5 -14.5 -18.8 Haw Par Con 340 -10.0 -2.9 SIA 200 1014 -10.0 -1.0 Kei Land 135 -8.0 -5.6 DBS Gri 920 -7.0 -0.8
      117 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      84 6 Nov 25 CHNG CLOSE FRNOV24 YR2008 S$ LOW S$ HIGH USS 1.5154 1.11 1.5346 1.3457 Euro 1.9512 -0.89 2.2064 1.8640 Pounds 2.2914 -0.23 2.8431 2.2111 AS 0.9655 -0.15 1.3251 0.9068 Yen* 1.5766 1.89 1.6645 1.2619 Rupiah* 0.***** 1.53 0.***** 0.***** Baht* 4.3051 0.88 4.4299 4.0190 Peso*
      84 words
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      180 7 __m _^_wL Corporate Building ~^s*^ I! 1' jjH^lv 1 I 11|| 11 For office showroom storage space jWhTPF^^* ''ifcj *****567 I We've been here I I **X^**4J^Wfflk- long enough to understand I I a6iS^V^JWB^^^| what's important to you. I JPP***** For m°re than 140 years, HSBC's wisdom and prudence /g^s^o
      180 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Citi's Singapore head reassures customers
      367 8  -  CONRAD TAN CITIGROUP'S Singapore country head has written to Citi customers here to reassure them of the bank's financial standing after a collapse in its share price last week led to a US government rescue. "Our business is strong and our support for our customers
      367 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Furniture association elects new exco
        68 8 THE Singapore Furniture Industries Council (SFIC) yesterday announced its new executive committee for 2008 to 2010. Andrew Ng, managing director of Kiat Lee Industries, has been re-elected president for a second term. All three vice-presidents, Neo Sia Meng, executive director of Four Stars Industries; Jerry
        68 words
      • Article
        Lock icon New services launched for SMEs, ITE students
        62 8 THE Institute of Technical Education (ITE) and HP Singapore yesterday announced new services and resources for SMEs and ITE students, as part of their ongoing collaboration in security and trusted infocomm infrastructure. These include the launch of an IT security community portal, a
        62 words
      • Article
        Lock icon Dec 1 deadline for EU Reach pre-registration
        94 8 SPRING Singapore said in a media release yesterday that the deadline for pre-registering chemicals to be exported to Europe is Dccl, 2008. Companies not pre-registered after this date will have to submit an immediate registration or face an export ban on its products.
        94 words
    • Article, Illustration
      Lock icon Not possible for Singapore to pump-prime economy: PM Lee
      603 8  -  LEE U-WEN He says Republic has its own ways to help its people in these troubled times THE global financial crisis may be forcing other countries to spend billions to stimulate their economies, but Singapore cannot follow in their footsteps because
      DESMOND FOO/THE STRAITS TIMES  -  603 words
    • Article
      Lock icon S'pore eyes trade opportunities in Brazil
      532 8 Govt-to-govt deals to be signed during PM Lee's visit HAVING already built strong networks in Asia, the US, Europe and the Middle East, Singapore has now firmly set its sights on growing its economic links with another part of the world Latin America. High
      532 words
    • Article, Illustration
      Lock icon Top lawyer peers into the criminal mind
      286 8 RENOWNED criminal lawyer Subhas Anandan has released his first book The Best I Could comprising an account of 15 of his most famous cases. Mr Anandan, who now heads the Criminal Law Department in law firm KhattarWong, has handled well over 1,500 criminal
      FILE PHOTO  -  286 words
    • Article
      Lock icon New ISO standard 'a milestone for Singapore'
      398 8  -  NISHA RAMCHANDANI THE first ISO standard for the global exhibition industry has been completed, thanks to efforts spearheaded and supported by Singapore. Speaking at an Approved International Fair (AIF) Awards gala dinner last night, Senior Minister of State for Foreign Affairs Balaji Sadasivan
      398 words
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      Lock icon Page 8 Advertisements Column 1
      104 8 Do you have problems with your cash-flow due to your aged and problematic receivables from your debtors? Why not use our outsourcing services to clean-up your aged and problematic Receivables in the Current Assets of your Balance Sheet to better the cash flow, liquidity and credit rating? We have 28
      104 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon More rate cuts to come from KL: economists
      486 9 Bloomberg Most expect overnight policy rate to fall to 2.75% by March [KUALA LUMPUR] Malaysia's central bank, which cut interest rates on Monday for the first time since 2003, may reduce borrowing costs further next quarter as risks to economic growth heighten,
      Bloomberg  -  486 words
    • Article
      Lock icon MMC Corp not privatising associate Zelan
      407 9  -  PAULINE NG Announcement sends MMC shares up 4 sen to RM1.41 MALAYSIAN conglomerate MMC Corporation says that it has no plans at present to take its listed associate Zelan private, after a shareholder tussle that sidelined Zelan founder Albert Chang Si Fock. Shares of
      407 words
    • Article
      Lock icon Jakarta's Telkom hedges 25% of foreign debt
      274 9 Reuters [JAKARTA] Indonesia's largest telecoms firm, PT Telekomunikasi Indonesia Tbk, has hedged 24.8 per cent of its foreign debt in a bid to limit its exchange rate exposure, it said in a document obtained by Reuters on Monday. Companies in Indonesia have been
      Reuters  -  274 words
    • Article
      Lock icon Jakarta warns of slowdown, says rate cuts possible
      438 9 Reuters [JAKARTA] Indonesia's government warned yesterday that its economy may grow at its slowest pace since 2002 next year, and flagged the possibility of an interest rate cut as it wrestled with the fallout of the financial crisis. Indonesia has been scrambling
      Reuters  -  438 words
  • Page 9 Advertisements
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      106 9 'Yi' Convenience: Be in the heart of Singapore's new downtown, moments away from attractions like the Singapore Flyer, Marina Barrage, The Esplanade and the upcoming Marina Bay Integrated Resort and Sports Hub at Kallang Bay. With more food, shopping and entertainment options, this is where work and play enjoy perfect
      106 words
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  • ECONOMY WATCH
    • Article
      Lock icon IMF approves US$7.6b crisis aid for Pakistan
      355 10 Reuters [WASHINGTON] Pakistan won final approval for an emergency US$7.6 billion International Monetary Fund (IMF) loan on Monday to steady the finances of this strategically vital country amid a global credit crunch. "The Pakistani economy was buffeted by large shocks including adverse security
      – Reuters  -  355 words
    • Article
      Lock icon OECD sees 0.4% GDP drop, deepening crisis
      617 10  -  ANTHONY ROWLEY Financial markets' malfunctioning to be key factor affecting economic growth THE 30 developed economies of the Organisation for Economic Cooperation and Development (OECD) will suffer overall recession next year with growth contracting by 0.4 per cent throughout the area, the Paris-based
      617 words
    • Article, Illustration
      Lock icon Obama promises costly stimulus to jolt economy
      736 10 Reuters [CHICAGO] US Presidentelect Barack Obama promised on Monday to jolt the faltering US economy with a costly stimulus package next year and introduced the team that will help him navigate the global financial crisis. Mr Obama, who warned again that the economy
      – Reuters; Reuters Graphics  -  736 words
    • Article
      Lock icon Can the wonder kid deliver, asks Wall St
      568 10 -NYT US President-elect Barack Obama unveiled on Monday an economic team with deep experience handling economic crises. But does the man at the centre of this star-studded cast, Timothy Geithner, Mr Obama's choice for Treasury secretary, have the chops to take the
      -NYT  -  568 words
    • Article
      Lock icon UK's top earners face 45% tax from 2011
      571 10  -  JANE MOIR Move may trigger flight of talent businesses overseas BRITAIN'S top earners are set to be hit hard in the pocket as future tax increases are to be introduced to pay off the country's debts. This has prompted fears that the
      571 words
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      930 10 A MATS VOLKSWAGEN FINANCIAL SERVICES SINGAPORE LTD. *****,000,000 MULTICURRENCY DEBT ISSUANCE PROGRAMME SERIES NO. 007 5520,000,000 GUARANTEED FLOATING RATE NOTES DUE 2010 Pursuant to Condition 15 of the Notes, notice is hereby given that for the Interest Period beginning on 26 November 2008 and ending on (but excluding) 25 May
      930 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China can hit target of 7.5% growth next year: report
      680 12  -  ANTHONY ROWLEY Higher government spending will play a key role, says World Bank CHINA can pull off its gamble on achieving 7.5 per cent GDP growth next year, when most other major economies are expected to be in recession, by
      AFP Graphics; I l_l AFP  -  680 words
    • Article
      Lock icon China to monitor 4t yuan stimulus package
      372 12 Bloomberg [HONG KONG] China will strictly monitor its four trillion yuan (*****.8 billion) stimulus package to prevent waste and theft, in a country where corruption costs the equivalent of 3 per cent of gross domestic product (GDP) a year. The government in Beijing
      – Bloomberg  -  372 words
    • Article, Illustration
      Lock icon Indian telcos add record subscribers in Oct
      313 12 [MUMBAI] Despite current global financial slowdown, the Indian telecom industry continued its high growth rate, adding more than 10 million subscribers in October this year, says a report in the Business Standard newspaper. The paper said the latest data released by the Telecom
      BLOOMBERG  -  313 words
    • Article
      Lock icon India to set up Rs500b fund for infrastructure
      341 12 [NEW DELHI] The Indian government is planning to set up a special dedicated fund to provide loans to infrastructure projects being developed by private companies as well as govern-ment-private joint ventures. The proposed fund for roads, airports, power plants or ports is
      341 words
    • Article
      Lock icon Crisis will not derail HK's plans on Islamic finance
      455 12 Bernama [HONG KONG] The global financial crisis will not upset Hong Kong's plans to become an Islamic banking centre as it clamps its eyes on China and the Middle East markets. "Our priority is to push ahead with the development of
      Bernama  -  455 words
    • Article
      Lock icon Taiwan, China to ink pact on financial services
      187 12 Bloomberg [BEIJING] Taiwan and China are likely to sign a financial services agreement in the first half of next year, said Susan Chang, chairwoman of govern-ment-owned Taiwan Financial Holding Co. "The signing of a memorandum of understanding will open up many opportunities
      – Bloomberg  -  187 words
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      16 12 TUNE IN TO BIGGEST HITS OF THE 90S TILL NOW! ONLY ON RADIO 100% PURE FUB
      16 words
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      101 12 I THE PLAZA I HrejjjnjjijPark Royal Hotel) I Road OFFICE TO LET Available 1.1.2009 1702sqft with partition -High Floor Outside CBD Panoramic sea-view NearMßTStn Ample car park lots Please contact owner 8 118 9000 Chan ft Yee Holdings Pte Ltd TCL Premium Selection Chauffeur Drive Limousine Services Sheer Comfort, Luxury
      101 words
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  • WORLD
    • Article
      Lock icon BHP Billiton abandons bid for Rio Tinto
      556 13 Reuters, AP It blames falling metals prices, threat of global recession for failed merger [SYDNEY/LONDON] Global miner BHP Billiton has abandoned its hostile takeover bid for rival Rio Tinto, blaming sliding metals prices and the threat of global recession for scuppering the mega-merger.
      – Reuters, AP  -  556 words
    • Article, Illustration
      Lock icon Analysts see Bank of America as vulnerable
      670 13 Reuters Shares drop 52%; Tier-1 capital ratio may slip to 7.15% [NEW YORK] A US government rescue plan has eased investors' concerns about Citigroup, but mines lurking in the balance sheets of rivals including Bank of America Corp could still tempt short-sellers. Bank
      Reuters; Bloomberg  -  670 words
    • Article, Illustration
      Lock icon GM, Tiger Woods end deal a year early
      417 13 Reuters, Bloomberg [NEW YORK/CHICAGO] General Motors Corp and popular professional golfer Tiger Woods said on Monday that they would end their endorsement deal at the end of the year. GM, which has warned it will soon run short of cash and is
      – Reuters, Bloomberg; AP  -  417 words
    • Article
      Lock icon Ex-UBS board members to forego 33m francs in bonuses
      361 13 -AFP [GENEVA] Former board members at Switzerland's largest bank ÜBS, one of the worst hit by the global financial crisis, have offered to forego bonus payments of 33 million Swiss francs (5541.4 million). Marcel Ospel the bank's former chairman who stepped
      -AFP  -  361 words
    • Article, Illustration
      Lock icon Americans are learning the new thrift
      494 15 -AP They would rather clip a coupon than flash a credit card [CINCINNATI] Fearful that economic conditions could get worse and stay that way, Americans are showing an enthusiasm for thriftiness not seen in decades. This behavioural shift isn't simply about spending less. The
      -AP; AP  -  494 words
    • Article
      Lock icon Red flags fly over mega US buyout deals
      733 15 NYT Challenging times for deals from Tribune to Harrah's Entertainment [NEW YORK] Some of the mega-buyouts that private equity shops laboured to assemble during the go-go years of the credit boom are coming apart at the seams. These US$lO bil-lion-plus deals were
      NYT  -  733 words
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      40 13 0) B^hv Lv JI H 111 k^^l IAI kff'nhi FmWw^K^n wJ BI v J BTa I IB fiV' J H HBI w A^M B Fml k ,i I kJI B^l^ LVAAvEbI jetstar.com /i/i /mk a/f/?/zwK low fares \#^7 L^9 CCII >^^
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  • CITI RESCUE
    • Article, Illustration
      Lock icon A bite by bite account
      741 14 Bloomberg Regulators subsisted on Domino's pizza as they worked on Sunday to save Citi [NEW YORK] The deal to rescue the world's best-known bank was pieced together by regulators over Domino's pizza in near-empty offices one block from the White House. Citigroup received a government
      Bloomberg  -  741 words
    • Article, Illustration
      Lock icon Bailout adds to banks' credibility problem
      484 14 Reuters ANALYSIS [NEW YORK] Major US banks have a credibility problem. Citigroup repeated assurances that it did not need additional capital, followed by its quick aboutface in accepting billions of dollars in aid from the US Treasury, has many investors wondering what other banks
      Reuters; AP Graphics  -  484 words
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      423 14 Hot chicks in 12 tailored dressings! I, This Yuletide, we've tailored our popular flavoured turkeys to I Parkroyai on Parkroyai on U^, ■ili JU /IS2S^2^222S\ tantalize every taste bud with 12 unique dressings ranging from Beach Road Kitchener Road 1: 1 (fttffWWmfmTiTfl I traditional Cranberry and Giblet, Thai favourites such
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      73 15 111 Lm m2*M (^hfarbaur Michelin 2-Star Chef y/l^ Philippe Etchebest OrSTER-BAR LEVEL THREE BOTd 6 8 U X Incite your taste buds this December at The Harbour Grill Oyster Bar A with award-winning Guest Chef Philippe Etchebest. Experience his elegantly-crafted culinary splendors through this epicurean odyssey. I tk 08 -13
      73 words
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      157 16 THE POWER TO CHANGE THE WORLD BEGINS AT 339 HP. WP INTRODUCING THE WORLD'S FIRST PERFORMANCE HYBRID SEDAN. THE ALL NEW GS HYBRID. '"I -—-""I^^t^tf'^S nilllili A n^flk^ .jjp'' i l^j- «^B r L-exus r REVOLUTIONARY HYBRID ENGINE EXHILARATING POWER t UNSURPASSED FUEL EFFICIENCY j LOWER EMISSIONS QUIETNESS BEYOND COMPARE
      157 words
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  • TransportHUB
    • Article, Illustration
      Lock icon Arctic offshore market holds vast potential
      1168 17 As oil companies step up exploration, opportunities open up for niche suppliers, says VINCENT WEE FOR the offshore and marine sector the Arctic region is increasingly turning out to be an important niche segment. According to the United States Geological Survey, it is estimated
      1,168 words
    • Article, Illustration
      Lock icon Tanker rates fall as oil demand slows
      409 17 Bloomberg [LONDON] Oil shipping costs may extend this year's 76 per cent rout as shrinking energy demand and a global recession eclipse disruptions caused by pirates off east Africa capturing their largest-ever freighter. Tanker rates next month are about 7 per cent lower
      – Bloomberg; AFP  -  409 words
    • Article
      Lock icon Glut in large capesize ships to worsen
      430 17  -  VINCENT WEE THE massive supercycle in the dry bulk sector over the past five years has been driven more by the lack of supply in the capesize segment of the market than by increased demand, according to Pacific Carriers commercial director Keith Denholm.
      430 words
    • Article
      Lock icon More shipping failures expected
      518 17 Bloomberg Shipowners cite steepest rate slump in over 30 years [SINGAPORE] Pacific Carriers Ltd, a Singapore-based-shipowner controlled by Malaysian billionaire Robert Kuok, said bankruptcies in the shipping industry will increase amid the steepest slump in prices in more than 30 years. "There is going to be
      – Bloomberg  -  518 words
    • TRANSPORT HUB: SHIPPING
      • Article
        Lock icon Class acts of the classification societies
        1003 18  -  DAVID HUGHES STRAIT TALK Their challenge is to reconcile competition with cooperation on safety issues IT is a hard life, being a shipping journalist based in London. Last week, we first of all had to force ourselves to attend a Germanischer Lloyd (GL) press
        1,003 words
      • Article, Illustration
        Lock icon China president in Greece for port deal
        387 18 ■AP [ATHENS] China's President Hu Jintao arrived on Monday in Greece for a three-day visit timed to coincide with the signing of a 831.2 million euro (551.62 billion) port deal. China's Cosco Pacific Ltd will receive a 35-year concession to manage two container
        ■AP  -  387 words
      • TRANSPORT STOCKS
        • Article
          Lock icon SGX
          104 18 '000 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 Star Cruises 0.29 0.19 0.70 0.31 0.55 0.44
          104 words
        • Article
          Lock icon KLSE
          33 18 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.59 unch unch 2.19 unch 0.07 0.09 0.01 unch unch 0.05 unch unch unch 3' 44! 10: 3!
          33 words
        • Article
          Lock icon BANGKOK
          7 18 ■oo 'recious Ship .9.15 -0.75 333:
          7 words
        • Article
          Lock icon HONGKONG
          11 18 '000 Doil iingamas Cont 11.88 0.56 0.24 -0.03 90; 341
          11 words
        • Article
          Lock icon PHILIPPINES
          20 18 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.50 15.25 unch unch 0.20 0.50 unch unch 601 44;
          20 words
        • Article
          Lock icon TAIPEI
          20 18 Evergreen Marine ...16.10 :irst Steamship 30.50 /Van Hai Lines 14.65 t'ang Ming Marine...10.80 unch 0.05 0.95 -0.05 1 2:
          20 words
        • Article
          Lock icon TOKYO
          40 18 '000 (awasaki Hvy Ind ..198.00 15.00 ***** (awasaki Kisen 353.00 15.00 4980 Mitsubishi Hvy 360.00 10.00 ***** Mitsui Eng&Sbldg...125.00 4.00 8669 Mitsui Osk Lines 455.00 18.00 ***** Mippon Express 420.00 29.00 4203 MipponYusen 468.00 22.00 ***** iource: Thomson Reuters
          40 words
    • TRANSPORT HUB: AVIATION/SHIPPING
      • Article
        Lock icon Airbus ready to cut output, boost financing
        525 19 Reuters European planemaker stands ready to help airlines finance purchases as credit dries up: CEO [PARIS] Airbus is ready to cut output for the first time since the aftermath of the Sept 11, 2001 attacks in the United States if the global financial
        Reuters  -  525 words
      • Article, Illustration
        Lock icon Qantas trims profit forecast and capacity
        428 19 Reuters [MELBOURNE] Qantas Airways Ltd, Australia's top airline, slashed its 2009 profit forecast and said it would further cut capacity due to shrinking demand as the global financial crisis bites. Airlines around the world are being buffeted as corporate customers slice their travel budgets,
        – Reuters; AP  -  428 words
      • Article
        Lock icon Protection and indemnity clubs grow their presence
        1073 19  -  ROBERT DRUMMOND COMMENTARY They play a vital role in the shipping industry, and Singapore has emerged as a top Asian location By I IN all the talk about Singapore as a hub, insurance and shipping are often mentioned as sectors in which the
        1,073 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2523 19 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Araays Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
        2,523 words
    • TRANSPORT HUB: LAND/AVIATION
      • Article, Illustration
        Lock icon Rent a sports car? Now you can
        681 20  -  SAMUEL EE Luxe Car Rental, the first such outfit in Singapore, is filling a niche in the market A RUSSIAN businessman has started Singapore's first exotic car rental company. Pavel Zotov has opened Luxe Car Rental to offer high-performance sports cars for rental
        ARTHUR LEE  -  681 words
      • Article, Illustration
        Lock icon Holiday airfares follow suit as budgets shrink
        728 20 -NYT [NEW YORK] The travel industry is bracing for a painful holiday season as people scale back their discretionary spending. But that is good news for anyone who has yet to book a winter getaway, with hotels, airlines and cruise operators introducing last-minute
        -NYT; BLOOMBERG  -  728 words
      • Article, Illustration
        Lock icon Rough road for economy,but used car traders are upbeat
        680 20  -  SAMUEL EE Used car sales up 28% y-o-y in first 10 months of 2008 THE Singapore Vehicle Traders Association remains confident about the outlook for used cars, and to a lesser extent parallel imports, as it prepares to celebrate its 35th
        680 words
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      50 18 Idbl schenker Outsource services reel in the benefits. Thanks to our all-encompassing transport chains, customers can outsource logistics services to stay one step ahead of the global competition. Whatever the task supplying, picking, packing or assembly DB Schenker has the ideal integrated logistics solution. Put us to the test: www.dbschenker.com/yes
      50 words
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      331 19 CRYPTIC CROSSWORD 7 Overweight, a pound more I I I 8 Odd not having the same _^J_^J_^BL_^J_^J_^J_^J_ 10 Donald working with gold is fo~^ H?—^ the one making the gift (7) I 111 11 A mature undisciplined I sportsman perhaps (7) BB BB HI *****8 *****8 for ordinary people (5)
      331 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Coping with the downturn
      526 21 JUST when it seemed like consumer confidence was hitting new lows each day as the economic news only got from bad to worse, out popped a $2 COE to bring out the "mavericks" from the woodwork. While the record-low price for the piece of paper that
      526 words
    • Article, Illustration
      Lock icon Will Congress warm to Obama's idea on climate?
      987 21  -  G PANICKER An unwavering American leadership is critical in the fight against global warming BARACK Obama has put at rest fears that the economic turmoil might dissuade him from embracing climate change action once he takes over. In fact, he has made
      REUTERS  -  987 words
    • Article, Illustration
      Lock icon Smell fear in the air with wild stock market swings
      816 21  -  ROBERT SAMUELSON The Washington Post Writers Group THE BOTTOM LINE THE stock market is nothing if not a psychological barometer. The present signal is unmistakable: fear. It's not just that the market dropped by more than half; that decline parallels
      – The Washington Post Writers Group  -  816 words
    • Article, Illustration
      Lock icon Tax laws and the mobile workforce
      1246 22  -  MICHELLE TAI JAMES CLEMENCE HR professionals and employees are often not aware of the tax implications of equity incentives at various stages IN ORDER to attract, develop and retain key talent, reward strategies need to be robust and competitive. Equity compensation has always played
      BLOOMBERG  -  1,246 words
    • Article, Illustration
      Lock icon Painful times for India's rich
      829 22  -  RINA CHANDRAN Reuters By I -I™HESE are painful times for India's tycoons, the Forbes Asia Rich List said recently. A falling stock market, a weak rupee and slowing economic growth have shaved about 60 per cent off the wealth of India's 40 richest people, it
      Reuters; REUTERS  -  829 words
    • Article
      Lock icon US financial crisis holds lessons for Singapore
      474 22  -  Tan Kok Tim LETTER TO THE EDITOR BY the end of summer last year, US President George Bush had made the biggest decision in his political life when he refused to give financial aid to sub-prime property owners who had defaulted on their
      474 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8752 23 Transaction date: Nov 25 52-wks Tel h Low Code Comp Last Sale Vol COOP) Hie Day Last Quote Div Gr Yld Nel h Low Buyer Seller Cvr P/E MCap $mil H]S 12 3 3148 8Telecom 18 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000
      8,752 words
    • Article
      Lock icon SGX CATALIST
      584 24 52-wks Tel |h Low Code Cm Last Sale Vol COOP) Hii Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E MCap $mil Hil 20 11.5 1181 s AAGrp 32 16 8538 s APStrategic 6 1 1501 s Advanced System 38 12.5 3518 s Afor 28.3
      584 words
    • Article
      Lock icon SGX XTRANET
      659 24 52-Wk Tel High Low Code Last Sale Vol fOOO) Day Last Quote Ih Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi hjil ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&PSO0 ***** ***** 6170 SPDRS 385 158
      659 words
    • Article
      Lock icon CLOB INTERNATIONAL
      738 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      738 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8946 24 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.327/ AIGIF Spore Bond Fund/ A 1.251/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.53/ APS Alpha Fund (USD)!** 0.34/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5961/ APS Komaba
      8,946 words
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      31 23 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB ife A 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. I^^^^^H 1 M Internet: Http://www.audemarspiguet.com j^^^W
      31 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 25 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov 24 World Index Preliminan 634.9 5.2 -43.9 4.6 -44.3 6.1 -46.! EAFE Preliminai 616.1 5.6 -45.0 5.7 -47.9 7.1 -50.. Euro[ Preliminan 876.5 8.7
      369 words
    • Article
      Lock icon PALM OIL
      66 25 Nov 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Dec 08 1505 Jan 09 1532 Feb 09 1530 Mar 09 1527 Total o/p: ***** contracts 1499 1518 1495 318 4058 1518 1543 1512 1432 ***** 1520 1550
      66 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 25 Nov2s ten Hii Sett STI SIMSCI Dec 203.0 204.9 200.3 Taiwan Dec 162.8 162.8 161.1 Source: MF Global (S) He. Ltd
      24 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 25 Nnw ?S SS Bid Offer 1-month 1.5128 1.5143 2 months 1.5102 1.5120 3 months 1.5083 1.5100 6-months 1.5017 1.5037 Source: OCBC
      24 words
    • Article
      Lock icon SIBOR
      71 25 Noi/25 6mths 1.***** 9mths 1.***** 12mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 2.***** Source: Thomson Reuters 1 mth 1.***** 0.***** 2 mths 2.***** 0.***** 3 mths 2.***** 0.***** 6 mths 2.***** 1.*****
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      297 25 Noi/25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 97.8975 97.9750 97.9050 97.7950 6742 9347 4374 3207 EUROYEN TIBOR FUTURES DecO8 99.130 99.135 MarO9 99.200 99.215 JunO9 SepO9 DecO9 Mar10 Jun10 Sep10 99.130 99.200 99.135 99.220 99.300 99.270 99.270 99.160 99.100 99.075 80
      297 words
    • Article
      Lock icon SICOM FUTURES
      192 25 Nov2s RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Dec 08 Jan 09 143.8 FebO9 143.5 Mar 09 145.0 Apr 09 147.0 May 09 147.0 141.5 141.5 141.5 143.0 143.7 136.0 137.0 137.5 139.0 142.0 142.0 20 130 30
      192 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 25 Noi/25 Period Issue code Maturity Yesterday's Bid Day's |h Low Hi, 3-Month BQ*****E 26.02.09 1-Year BY*****V 02.11.09 0.62 0.73 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh 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 15-Year NY*****X 3.125
      87 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 25 As at 9am Nov2s Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9720 1.0130 Can dollar 1.2190 1.2330 Euro 1.9410 1.9650 NZ dollar 0.8210 0.8390 Sterlini ind 2.2810 2.3081 US dollar 1.5070 1.5260 Local dollars to 100 units of foreign currency:
      130 words
    • Article
      Lock icon INTERBANK RATES
      171 25 Nov2s %S_ Offer Bid Overnight 1/4 1-month 11/16 2-months 3/4 3-months 13/16 Overnight mode: 9/16 US$ Offer 1/8 7/16 1/2 9/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 1.30 1.90 2.70 2.80 3.30 3.50 3.60 Offer 0.80 1.50 2.20
      171 words
    • Article
      Lock icon INTERBANK CROSS RATES
      461 25 Noi/25 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.797 4.385 0.499 4.982 32.089 78.688 0.620 9.651 2.326 1.191 50.649 31.732 0.973 6.487 0.772 21.423 22.614 0.425 0.642 Canada 1.255 5.502 0.626 6.251 40.264
      461 words
    • Article
      Lock icon PRECIOUS METALS
      139 25 Nov2s (US! f/oz) Nov 24 Nov 25 Hong Kong 793.40 814.30 794.40 815.30 London Nov 21 Nov 24 780.70 823.50 782.70 825.50 Source: Thomson Reuters CAST BAR (SS) Nov 25 Buying Sellini Kilobar "42,135.53" ***** PAMP GOLD BARS (SS) Sellinq Buyinq Igm 5gm lOgm 20gm 50gm lOOgm 1
      139 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 25 Noi/25 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9721 0.9737 0.6421 0.6426 Canadian dollar 1.2201 1.2213 0.8059 0.8061 Euro 1.9475 1.9496 1.2864 1.2867 NZ dollar 0.8158 0.8181 0.5389 0.5399 Sterling 2.2899 2.2923 1.5126 1.512' US dollar
      156 words
    • Article
      Lock icon LONDON METALS
      70 25 Nov 24 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1751.50 1702.00 3 months 1800.00 1750.00 Copper, Grade A (USS/tonne) Cash 3 months 3721.00 3750.00 3506.00 3540.00 Lead (USS/tonne) Cash 1209.00 3 months 1220.00 1177.00 1182.00 Nickel (USS/tonne) Cash 3 months *****.00 9881.00 *****.00 *****.00 Tin (USS/tonne) Cash 3
      70 words
    • Article
      Lock icon LIFFE
      66 25 Nov24 (£/tonne) Close Prev Hii ih/Low Dec 08 1526 1510 1537/1504 Mar 09 1416 1418 1443/1413 May 09 1407 1404 1423/1403 JulO9 1406 1401 1415/1397 COFFEE (US$/tonne) Close Pev High/Low Nov08 1853 1768 Jan 09 1895 1813 1925/1809 SUGAR (US tonne) White Close Prev High/Low Mar 09 325.0 322.0
      66 words
    • Article
      Lock icon CHICAGO BOT
      103 25 Nov24 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 884.00 840.00 899.75 841.50 Mar 09 891.75 847.25 907.25 849.50 May 09 900.75 855.75 916.00 858.00 Jul 09 909.50 863.75 924.25 867.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 32.74 30.70 33.19 30.70 Jan
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS Nov24 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 52.55 4.59 WTI (Near Mth) 54.54 5.23 Dubai (1-Mth F) 44.68 -0.01 Tapis blend 51.75 -0.05 Minas 51.15 -0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 25.05 57.40 -0.72 -1.70 US$/barrel Opec Oil Basket
      76 words
    • Article
      Lock icon BONDS & WARRANTS
      2978 25 BONDS WARRANTS rel Zode Com| Last Sale Vol Conv Exer ('000) Ratio Price Disc Gear- Mths ing Left >am +or>058 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) Ltd W*****2
      2,978 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      153 25 Will Gold Reach I IQtl (\i\l\ }T,T'. aTT MPTI ,p> _^A ■Hill Global demand and supply mine production and inventory figures ■^1 m Inventory figures of International Monetary Fund and Central Banks /'^^v /lUclll I Strength of the U.S. dollar and key economic indicators [it* Vl f f XjA») Gold's
      153 words
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      Lock icon Page 26 Advertisements Column 1
      2583 26 m The Business Times Shipping Times _^M M^M .KWff^flffBlffffffTOlfflBlffiB WAN HAI INTERNATIONAL PTE LTD crnon69S92oooo/r W^^l m_M r'LX ___\K__W_tMlWMA_^^ TEL:*****588 (14LINES) FAX:*****163 V _______M__H BbE laWK<HJ» V\M llA/AN HAI INF\ Customer Service/Bookings Dir«l line- (1800)*****200 A A M» 1™1,^.»1" I I iffBii 8BBHB N^ V linll I lnl LllltJ PK_.TEL:(03)
      2,583 words
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      3289 27 RICKMERSLINIE Round-the-WoHd Pear. String Service I IJTjfl EASTERN CAR LINER, LTD I (jft QOIf 9^ uSe!" 0"'6'""7"16"7506 COnVen"Ongl SerV' iS;- WebS"e: ~Htkmer^- jf-""-J SPECIALIZE IN RORO HEAVY UFT UPTO 450 T^ WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov SIN I ALT I HOU I NEW I JAX I ORF I
      3,289 words
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      6166 28 P39 H 19 H R H I 1^ ANDERSEN I fii GLORY NAVIGATION RRflHpl m^PmSklim WSM shipping company/ 70 Shenton Way, #21-03 Marina House Singapore *****8 ««-UIl I llHWIUHIIUil UllUUr I JIBipiHBpBHM IMIPI I NORTH WEST EXPRESS LINE r^ to&*L-*fl*.^ra^al MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL
      6,166 words
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  • executive Money
    • Article, Illustration
      Lock icon Time your entry into markets
      1075 29 Equity funds saw net redemptions of $571.4 million in the third quarter, a sharp reversal from net subscriptions of $212 million in the previous quarter. Bond funds, on the other hand, saw net outflows of a relatively modest $69.2 million. Financial advisers are keeping faith
      1,075 words
    • Article
      Lock icon Monster in closet is recession, not deflation
      886 30  -  JOHN M BERRY GIVEN all the real problems facing the US economy, dragging out the remote danger of deflation is foolish. It's just short of fear-mongering. Yes, this is the worst financial crisis since the Great Depression, when consumer prices fell by one-fourth.
      886 words
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      Lock icon Dividends dilemma in a downturn
      358 30 -LAT-WP [WASHINGTON] Call it the dividends dilemma. As stock prices plunge, many companies start looking attractive to investors for their rising dividend yields. But wait: Many of those same companies are struggling their profits in danger, their cash drying up and they may have to
      -LAT-WP  -  358 words
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      Lock icon The Persian potential
      1099 30  -  MICHAEL PREISS Investing in Iran is not for the faint-hearted but the long-term growth outlook is exceptional WHAT is risky, what is safe? The year 2008 has been a challenging one for most investors and the US sub-prime crisis has forced many to reconsider what they consider
      AP  -  1,099 words
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      274 30 Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg 1 bottles 37.5 cl Chateau La Tour de By With every Cru Bourgeois Superieur purchase of $200 above fl" 'Limited to first 100 customers, whilst stock lasts I jH^^^^B- V OnlillG I II An 1 "terrrls condiiin-iB apply %%w*s/'-ty
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  • PERSPECTIVES FROM THE TOP
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      Lock icon Asia's chance to ease the crisis
      1344 31  -  LIM CHIN The region is in a better shape to cope and by acting now, it can advance the pace of recovery for both itself and the global economy IF THE Great Depression of the 1930s can be blamed on the massive macroeconomic policy
      REUTERS  -  1,344 words
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      88 31 This is the last of a five-part series brought to you by Credit Suisse "^^HK^ ill Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but shaped by the future. Always looking at opportunities and challenges from a different point of view. Bringing together
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