The Business Times, 2 December 2008

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Microfilm: NL29594
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 THE BUSINESS TIMES ssi.oo online at http://www.businesstimes.com.sg a Singapore press holdings publication coregnnoi9B4o2B6Be mica(p)l97/08/2008 Tuesday, December 2,2008
    17 words
  • Article
    Lock icon Cheaper power on the cards for Q1 2009
    527 1  -  RONNIE LIM Fuel oil prices and wholesale electricity prices down since Oct By [SINGAPORE] After surging through the year, the price of fuel oil used by power stations and, consequently, wholesale electricity prices here have fallen since October, latest figures show. This
    527 words
  • Article, Illustration
    Lock icon Property market now shows classic signs of downturn
    881 1  -  KALPANA RASHIWALA Analysis of Q3 caveats by DTZ points to new trends relating to subsales, foreign buying, HDB upgraders By [SINGAPORE] Three classic signs of a Singapore property downturn have emerged in the third quarter a slide in subsales and foreign buying,
    URA Realis, DTZ Research  -  881 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      42 1 1 COMP 848.43 -17.71 IIKKEI225 8,397.22 -115.05 IANG SENG 14,108.84 +220.60 ;et index 390.92 -10.92 JAKARTA COMP 1,223.13 -18.42 1ANILA COMP Closed ;eoulcomp 1,058.62 -17.45 ;henzhenb 259.89 +9.11 IUMBAI IND 8,839.87 -252.85 11AM EST Cham )OW 8,421.01 -408.03 IASDAQ 1,452.65 -82.92
      42 words
    • Article
      Lock icon PRIME RATES
      25 1 Bloomberg Singapore 5.38 malaysia 6.72 hong kong 5.00 INDONESIA 16.575 taiwan 6.316 KOREA 933 BRITAIN 3.00 CANADA 4.00 Switzerland 2.27 n|m 1300 Source:
      Bloomberg  -  25 words
    • Article
      Lock icon FOREX
      46 1 IS$ (S$ per US$) 1.521 (US$/S$ per 1.528 2.325 :URO (US$/S$/E) 1.270 1.931 Forei' in curreno ier US$ S$ 'EN 95.10 62.50 3.629 2.386 IK$ 7.750 5.095 !AHT 35.74 23.49 lUPIAH 12,350 8,119 lENMINBI 6.879 4.522 INDIAN RUPEE 50.06 32.91 1.551 1.020 IZ$ 1.865 1.226
      46 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      33 1 STOCKS *-'££tl£xkmmz CHINA THE GLOBAL FINANCIAL CRISIS China hands take the pulse of a giant The first of an incisive three-part series by the Nanyang Business School Business Times Roundtable PAGE 17 Mm
      33 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      36 1 SME INC CURRENCIES ART OF WAR I Healthy staff, Chinese yuan takes Zap for Sun Tzu's strategies! §E§9!i healthy bottom lines a hammering Win an Epson wireless PAGE 10 PAGE 4 projector! PAGE 7 I I—l
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  • TOP STORIES
    • Article
      Lock icon A third of firms sticking to pay rise plan, says poll
      387 2  -  ANNA TEO Average projected 4.2% basic pay rise for 2009 below last year's 5.1%, but better than expected By [SINGAPORE] Business sentiment may have tumbled in recent months, but apparently a good one-third of companies polled last month will
      387 words
    • Article, Illustration
      Lock icon M'sians again in top spot as foreign home buyers
      423 2  -  KALPANA RASHIWALA By [SINGAPORE] For the second consecutive quarter, Malaysians continued to be the largest group of foreign buyers (including permanent residents or PRs) of private homes here. They bought 201 private homes, or accounted for 22 per cent of the
      423 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Property market now shows classic signs of downturn
        100 2 THREE classic signs of a Singapore property downturn have emerged in the third quarter: a slide in subsales and foreign buying but a bigger share of HDB upgraders in the private home buying pie. Property consultancy DTZ's analysis of caveats for private
        100 words
      • Article
        Lock icon Cheaper power on the cards for Q1 2009
        63 2 AFTER surging through the year, the price of fuel oil used by power stations and consequently wholesale electricity prices here have fallen since October, latest figures show. This reinforces recent government indications that Singapore electricity prices could come down in the January-March
        63 words
      • Article
        Lock icon A third of firms sticking to pay rise plan, says poll
        84 2 BUSINESS sentiment may have tumbled in recent months, but apparently a good one-third of companies polled last month will go ahead with 2009 wage increases, quantum unchanged. Overall, a Mercer survey of 233 Singapore clients found an average projected
        84 words
      • Article
        Lock icon Germany mounts bailout of stricken Bavarian bank
        82 2 GERMANY is mounting a 30 biUion euro (SssB billion) rescue of stricken state lender BayernLß in one of the biggest emergency bailouts in Europe since the global financial crisis began. Yesterday, the state of Bavaria said it would inject 10 billion euros into
        82 words
      • Article
        Lock icon Temasek in talks to sell $321m SFI stake
        64 2 TEMASEK Holdings' whoUy owned subsidiary, Ambrosia Investments, is in talks to sell its majority stake in Singapore Food Industries. Singapore investment company Temasek owns 69.87 per cent of SFI, according to Bloomberg data. Temasek's total stake is valued at about $321 million,
        64 words
      • Article
        Lock icon Palm oil price drop means new life for biodiesel here
        70 2 SINGAPORE'S first-generation biodiesel plants are back in business again thanks to the slide in palm oil prices to levels two years ago. Australia's Natural Fuel Ltd, which completed its US$l3O million facility on Jurong Island in end-2007, is set to
        70 words
      • Article
        Lock icon November inflation dives in Thailand, S Korea, Australia
        47 2 INFLATION in Thailand, South Korea and Australia plunged in November in sync with a global retreat, giving central banks room to slash interest rates to soften the blow from the worst financial crisis in decades. ECONOMY WATCH, PAGE 14
        47 words
      • Article
        Lock icon Business tycoon Tata runs into string of bad luck
        69 2 THE year that began with a bang for Ratan Naval Tata, chairman of India's largest private sector conglomerate the US$2B.B billion Tata group, whose turnover is equivalent to 3.2 per cent of the country's gross domestic product is all set to
        69 words
    • Article, Illustration
      Lock icon Fresh look, business edge take BT to a new level
      348 3  -  EMILYN YAP By [SINGAPORE] The Business Times' comprehensive coverage of the financial turmoil plus its new-look weekend edition saw its average daily sales reach an all-time high of over 35,800 copies in September. The paper's paid circulation for the month
      348 words
    • Article
      Lock icon Germany mounts bailout of stricken Bavarian bank
      519 3 Reuters Rescue adds to list of walking wounded that includes IKB, Hypo, Commerzbank [MUNICH] Germany is mounting a 30 billion euro (SssB billion) rescue of state lender BayernLß in one of the biggest emergency bailouts in Europe since the global financial crisis began.
      – Reuters  -  519 words
    • Article, Illustration
      Lock icon All the President-elect's men – and women
      359 3 All the President-elect's men and women -AFP [CHICAGO] Barack Obama yesterday nominated his erstwhile political foe Hillary Clinton as his secretary of state, as he rolled out a muscular national security team rich in global political star power. "In this uncertain world, the time has come for a new beginning
      -AFP  -  359 words
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      497 2 ESPLANADE PRESENTS -^f E-^^HV^^ > Sg :m^^^^ok, Come celebrate the yuletide season with Brazilian panache! rararo Wax This jazzy samba and bossa nova concert brings together a jaKnfcSi iehl stellar gathering of internationally acclaimed musical talents from Singapore and around the world in one big party of great A kT
      497 words
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      73 3 •It H B|Hl' PATEK PHILIPPE '^^iiHH^^l geneve jrfflHifhuJijflMßflHk Begin your own tradition. if*.■'■■■■ __-i^^ j^^Hk I IF fl ft J -ana ■^■1 _f» -i\ M if H A .^E- IBmS£sSgSM*:'*!aa^S2^ A^ff MM *r 1.-1 ■^■pS§§£«3sSS^ _Wf B I v^ *7f v B Hi You never actually own a Patek Philippe.
      73 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon No surprise as STI falls in thin volume
      582 4  -  R SIVANITHY STOCKS Index loses 2.4 per cent after last week's late, narrowly focused window-dressing push PERHAPS not surprisingly, the Straits Times Index (STI) yesterday failed to follow through from last week's late window-dressing push, instead dropping 42.34 points or 2.4 per
      Bloomberg  -  582 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      90 4 Up Down Unch Up Down Unch Up Down Unch lulti Ind 7 6 2 0 0 0 7 6 2 lanufacturing 33 54 50 36 62 56 Commerce 15 16 15 15 19 17 )t/Stor/Comms 11 18 11 19 ■inance 11 17 11 17 instruction 'roi lerties
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      99 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 33,791 33,791 98,497 98,497 lanufacturing 185,674 24,008 209,682 111,758 796 112,554 lommerce 62,096 2,839 64,935 49,816 562 50,378 'pt/Stor/Comms 82,139 23 82,162 114,802 114,807 :i nance 31,267 31,267 165,880 165,880 lonstruction 9,903 130 10,033 466 467 'roperties 54,802 54,802
      99 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 4 CapitaLand 2.590 -0.180 CapitaMal 1.680 -0.020 CityDev 5.380 -0.400 Cosco Corp 0.720 4-0.010 IBS Grp 9.080 -0.320 :&N 2.800 -0.040 Sent Intl 0.395 iolden Agri 0.215 -0.010 IK Land 2.450 4-0.050 IMH 17.600 -0.200 ISH 9.450 -0.130 lardineC&C 9.890 -0.570 Ceppel Corp 3.930 -0.270 Ceppel Land
      106 words
    • Article
      Lock icon BROKERS' TAKE
      278 4  -  LYNETTE KHOO Healthcare Sector CIMB-GK Research, Dec 1 THAILAND'S political unrest has taken a toll on its hospitality industries as well as position as a medical tourism destination. We believe the biggest beneficiaries will be Parkway Holdings and to a certain degree, Raffles Medical. Parkway's hospitals in Singapore
      278 words
    • Article, Illustration
      Lock icon Positive signals amid bear rally
      261 4  -  KEN TAI, CHART POINT THE Straits Times Index (STI) remains trapped in wave b of the Wave-4 down-leg. Yesterday's close does not suggest otherwise, but we did note some positive signals. Firstly, index heavyweights like DBS, UOB, Jardine Matheson, SIA and Capita Land are holding
      ELIVE Research  -  261 words
    • Article, Illustration
      Lock icon Risk aversion back, with yuan badly hit
      520 4  -  LARRY WEE CURRENCIES FEARS of more weak US data and a whole series of in-terest-rate cuts combined to bring the US dollar and Japanese yen back to favour during Asian currency trading yesterday, while the Chinese yuan suffered one of the sharpest one-day
      Reuters  -  520 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      61 4 Ded VALUE CLOSE BT OB/OS -498.00 -18.00 BT CADI -*****.00 -74.00 BT 10-day MA -*****.00 -50.00 FTSE ST Mid Cap 329.45 -1.94 FTSE ST Small Cap 276.65 +0.51 FTSE ST All Share 402.14 -8.14 FTSE ST China Top 161.85 -1.00 FTSE ST China 164.27 -0.42 UOB Catalist
      61 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 4 VOLUME Golden Agri 216,961,000 IndoAgri 35,335,000 Noble Grp 32,506,000 Straits Asia 30,755,000 Sing Tel 22,969,000 Cosco Corp 19,683,000 Keppel Corp 17,575,000 MiddleEastD 15,561,000 SembMar 15,026,000 China Hongxing 13,244,000 VALUE(S) Keppel Corp 71,188,100 DBS Grp 60,738,980 Sing Tel 57,525,538 Golden Agri 47,270,080 UOB 38,615,380 Capita Land 34,479,070 Noble
      60 words
    • Article
      Lock icon RISES
      109 4 CLOSE UP OCBC Bk 5.1 %NCPS 100 9050 40.0 0.4 Haw Par Con 355 18.0 5.3 SIA 200 1054 16.0 1.5 Pair irm 410 15.2 2. S I A 1054 14.0 1.3 UOB 5.05%NCPS 100 8912 12.0 0.1 Asia Pac Brew 1020 10.0 1.0 CerebosPac 292 10.0 3.5 Creative
      109 words
    • Article
      Lock icon FALLS
      115 4 CLOSE DOWN 7948 -79.1 -0.7 GLD 10US Jardine C&C 989 -57.0 -5.4 UOB 1270 -48.0 -3.6 Thailand 10US 240 -41.1 -10.1 Cit> 538 -40.0 -6.! ChasenHId* 13.5 -36.5 -73.0 DBS Gri 908 -32.0 -3.. JMH 1760 -30.4 -1.1 Kei Con 393 -27.0 -6.4 SGX BNP eCW*****3 44.5 -24.0 -35.0
      115 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      83 4 Dec1 %CHNG CLOSE FRNOV28 YR2008 S$ LOW S$ HIGH USS 1.5260 -1.09 1.5346 1.3457 Euro 1.9296 0.65 2.2064 1.8640 Pounds 2.3088 0.64 2.8431 2.2111 AS 0.9791 1.41 1.3251 0.9068 Yen* 1.6222 -2.35 1.6645 1.2619 Rupiah* 0.***** -0.68 0.***** 0.***** Baht* 4.2685 -0.51 4.4299 4.0190 Peso* 3.1303
      83 words
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      Lock icon Page 4 Advertisements Column 1
      109 4 m^m^ "RlD'i: Ti■ ririVlAUKi! T VOl/VTIU TV 'f i^F^B^W^ reFromr^Tj vAi\j iv\gi: The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for
      109 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Temasek in talks to sell $321m SFI stake
      393 5  -  JAMIE LEE Move aimed to unlock shareholder value and optimise returns, says Singapore investment company By TEMASEK Holdings' wholly owned subsidiary, Ambrosia Investments, is in talks to sell its majority stake in Singapore Food Industries (SFI). Singapore investment company Temasek owns 69.87
      FILE PHOTO  -  393 words
    • Article, Illustration
      Lock icon V Day: good time to fall in love ... with stocks?
      560 5  - V Day: good time to fall in love with stocks? LYNETTE KHOO If market bottoms in '09, it is likely to be in mid-Feb: Saxo By IF you're wondering when it will be a good time to buy stocks, mark this date on your calendar: Valentine's Day next year. "It's
      JENNIFER CHUA  -  560 words
    • Article
      Lock icon Saxo Capital Markets appoints new CEO
      358 5  -  LYNETTE KHOO By SAXO Capital Markets, which wants to expand its footprint in Asia, has appointed Kazuaki Takabatake as its new chief executive officer to oversee its Asia-Pacific operations. Mr Takabatake was previously deputy CEO of Saxo Capital Markets, the Singapore-based subsidiary of Danish
      358 words
    • Article
      Lock icon ST Engg wins $30m contract
      374 5  -  VINCENT WEE By SINGAPORE Technologies Engineering's marine unit, ST Marine, sealed a $30 million design, construction and outfitting contract to build a 68-metre seismic survey vessel for Swire Pacific subsidiary Swire Pacific Offshore Operations (SPO). SPO is one of the world's most established offshore support
      374 words
    • Article, Illustration
      Lock icon Property groups find asset sales tough going
      688 6  -  KALPANA RASHIWALA A SERIES of aborted divestments by Singapore property groups lately highlights the challenges of relying on asset sales in the current environment. Last weekend's edition of BT featured two stories on the same page, on Singapore's two biggest listed property groups
      688 words
    • Article
      Lock icon Distribution arm of Thakral gets new exec director
      349 6 THAKRAL Corporation has redesignated Inderbethal Singh Thakral as the group's executive director for distribution business. Prior to his latest appointment, which took effect yesterday, Mr Inderbethal Singh was non-execu-tive director. He was also formerly the group's chief executive. His latest appointment had
      349 words
    • Article
      Lock icon More non-Muslims turning to Islamic banking, says OCBC
      508 6 Reuters [KUALA LUMPUR] Islamic banking is gaining ground with non-Muslims worldwide due to its strict lending principles, Singapore's third-largest lender OCBC said yesterday, reflecting industry efforts to transcend religious beliefs to gain market share. Syariah finance is a blend of Islamic economics
      – Reuters  -  508 words
    • COMPANY BRIEFS
      • Article
        Lock icon CapitaLand in 53.8% Peace Base stake deal
        127 7 Bloomberg CAPITALAND Ltd, South-east Asia's biggest developer by sales, said it will acquire a 58.3 per cent stake in Peace Base Investments Ltd, which has a site slated for mixed development in Shenzhen, China. Capita Land's two units and an unnamed third party
        – Bloomberg  -  127 words
      • Article
        Lock icon Stamford Tyres warns of Q2 loss
        80 7 STAMFORD Tyres Corporation warned yesterday that the group expects to report a loss for its second financial quarter ended Oct 31, 2008. It, however, expects to be profitable for the first half of the current financial year. While the group's business operations remained sound
        80 words
      • Article
        Lock icon Wilmar completes 3-way JV deal
        100 7 PALM oil giant Wilmar International yesterday said it has completed a three-way joint venture arrangement with two other partners, Ukrainian trading company Delta Exports and Russia's Nizhny Novgorod Fats Oils Group. Wilmar said it transferred a 50 per cent interest in a joint Delta-Wilmar business
        100 words
      • Article
        Lock icon DBS appoints Euleen Goh as director
        57 7 DBS Group has appointed former Standard Chartered Bank Singapore chief executive Euleen Goh as a non-executive director with effect from yesterday. Ms Goh, 53, who also sits on the boards of Singapore Airlines and the Singapore Exchange, previously held various senior positions at Stanchart
        57 words
      • Article
        Lock icon Tritech bags contracts worth $7.84m
        26 7 ENGINEERING firm Tritech Group has won $7.84 million in contracts from the Land Transport Authority for the Marina Coastal Expressway project.
        26 words
      • Article
        Lock icon ING appoints Mathew Welch as FI head
        69 7 ING Wholesale Banking (ING) has appointed Mathew Welch as managing director and head of financial institutions (FI) for Asia, effective yesterday. Based in Singapore, he will be responsible for building ING's FI business across the Asia Pacific region. He joins ING from Temasek
        69 words
    • Article, Illustration
      Lock icon Oceanus insures abalone in China
      389 7  -  ANGAN SHING Main reason for the insurance is to give investors comfort, says the company By ABALONE supplier Oceanus Group has become the first company here to insure its biological assets in China. Oceanus, the world's largest land-based industrialised producer of premium Japanese abalones, has
      i FILE PHOTO  -  389 words
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      113 5 M tmmwm wbmk Inl Hfe^nflH H^r^^H BH^p^l BBr^3B Bbl ■■■■■H^SERVCORP B' ■"'";;-'^V"l IKSS3S2SI XJfnnrt Office www.servcorp.com.sg I Instantly in Business I From $90* per month! A No set up fees, no security deposit, month to month flexibility Prestigious address for your business cards and letterhead Access to over 300 boardrooms
      113 words
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      578 6 I SINGAPORE mm W 2 business M Wp I A J-^ FEDERATION m fVTI I Having a strong slMn^ J f support network makes tapping into business opportunities easier. Find out how SBF can provide support for your business in challenging times. The Singapore Business Federation is the apex business
      578 words
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      35 6 \Zp HND IHE ONES ZX \ZZi THAT FIT! ciZXRecruit the right people through CATS Recruit. 1 j> Call 1800 289 8822 or email P" Ij trecruit@sph.com.sg to advertise. t WATS U o RECRUIT f "> j
      35 words
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      149 7 I EPSON I for daily Sun Tzu's Art of War quotes Brought to you by EPSON Find out how Sun Tzu's strategic principles can be applied in modern day business and human relationship. Sun Tzu's Art of War reveals secrets for success. Win a wireless projector worth $2,588! Make a
      149 words
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      Lock icon Page 7 Advertisements Column 2
      307 7 M j A 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
      307 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Palm oil price drop means new life for biodiesel here
      573 8  -  RONNIE LIM Natural Fuel's Ist-gen plant will make first commercial delivery to Asian client soon By SINGAPORE'S first-genera-tion biodiesel plants are back in business again thanks to the slide in palm oil prices to levels two years ago. Australia's Natural
      573 words
    • Article
      Lock icon Climate for entrepreneurs here has improved: poll
      362 8  -  CHEWXIANG Global survey finds IPO exit strategy 'all but unattainable' By JUST over half of successful entrepreneurs here say the environment for entrepreneurship in Singapore has improved in over the past 10 years, according to a report published yesterday by Barclays Wealth and
      362 words
    • Article, Illustration
      Lock icon $10m grants on tap for design sector
      425 8  -  TEH SHI NING By DESIGNSINGAPORE has set aside $10 million over the next two years "to help the design sector ride through this downturn and be in a better position for the upturn", Minister for Information, Communications and the Arts Lee Boon Yang
      425 words
    • Article
      Lock icon Case finds errant jewellers in random test
      265 8  -  THEODORA KEE Some overcharged in the consumer association's survey By IN a survey of 30 jewellery retailers here, the Consumers Association of Singapore (Case) has found five that failed its test for gold fineness and eight that overcharged customers. The body said yesterday
      265 words
    • Article
      Lock icon Prospects good for energy sector
      281 8  -  NOOR AISHA By DESPITE the current uncertainties and low oil prices affecting the oil and gas sector, Singapore sees good long-term prospects for itself in this industry, the Economic Development Board said yesterday. EDB's director of Transport Engineering Sia Kheng Yok pointed out that "Singapore
      281 words
    • Article
      Lock icon Atos Origin main IT provider for YOG
      297 8  -  ANGAN SHING By ATOS Origin, the worldwide information technology (IT) partner for the Olympic Games, will be the main IT partner for the inaugural Youth Olympic Games (YOG) here in 2010. The Singapore Youth Olympic Games Organising Committee (SYOGOC) and Atos Origin will
      297 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon HSA signs pact with UK health authority
        59 8 THE Health Sciences Authority (HSA) signed a memorandum of understanding yesterday with the UK's Medicines and Healthcare Products Regulatory Agency. Under the pact, the two bodies will exchange information and cooperate on projects involving medical products and devices. HSA signed an MOU with
        59 words
      • Article
        Lock icon Accountancy sector review panel named
        80 8 THE Ministry of Finance (MOF) yesterday named the members of a Committee to Develop the Accountancy Sector (CDAS), set up to conduct a fundamental review of Singapore's accountancy sector. Headed by Tote Board chairman and former KPMG managing partner Bobby Chin, the 14-strong committee comprises
        80 words
  • Page 8 Advertisements
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      82 8 Watch PUBLIC INSIGHT tonight I for real-time investment, real-life tips I Not surprisingly, more and more listed companies on SGX are enjoying the benefits of television exposure on Public Insight programme. Leverage on our effective penetration and reach to connect with institution and retail investors throughout Asia! ASlApharm B a^lJU^
      82 words
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      36 9 I f I A T T TT^ SINGAPORE Kobb Keport FOR THE LUXURY LIFESTYLE™ I <1 Ultimate I I Golfing wi* CS Norman I Jewelry Danid Boulad Culinary Joorney I DistilUng Whisky at Gle»no»n g .e
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  • SME Inc
    • Article, Illustration
      Lock icon Healthy staff, healthy bottom line
      1137 10 Going by the accounts of SME recipients, a workplace health programme need not be that expensive, reports CHEN HUIFEN THIS year's list of the Singapore Health Award recipients revealed a glaring truth: most were multinational companies or government agencies, with just a handful of SMEs.
      1,137 words
    • Article, Illustration
      Lock icon Delivering drugs painlessly
      706 11 Transcu's proprietary transdermal drug delivery systems are soon approaching commercialisation, reports CHEN HUIFEN WHEN Akihiko Matsumura's mother was being treated for a terminal illness, she received injections that were not only painful but left her body covered with marks. The grief may have passed, but the experience
      JOSEPH NAIR  -  706 words
    • Article
      Lock icon Prudence is golden in tough times
      1954 12 THIS WEEK'S TOPIC The government has urged companies to "cut costs to save jobs", instead of "cut jobs to save costs". While the former is desired, do you think it would be easier said than done for SMEs in general? What has been your
      1,954 words
    • Article
      Lock icon BT small-cap
      260 13 po IO DEC 1 '08 Ausgroug 0.300 Best World I 0.235 I Bonvests 0.460 Celestial Nutrifoods 0.700 China Essence I 0.955 I China Honqxinq 0.710 China Sky 1.020 Courage Marine I 0.345 I CSE Global 0.847 Datapulse 0.155 DMX 0.090 Ezra I 0.508 I FJ Benjamin I 0.789
      260 words
    • Article
      Lock icon Bombed-out stocks make sharp rebound
      229 13  -  TEH HOOI LING By SOME of the most bombed-out stocks last week returned with a vengeance, giving credence to the theory that stocks which have been bashed down the most severely because of a spate of bad news could also be a candidate for a
      229 words
    • Article
      Lock icon Confidence among SMEs takes major knock
      516 13 Study shows that, in Q4, 56% of businesses expect worse prospects next year, reports CHEN HUIFEN USINESS confidence among A local small and medium enterprises has fallen sharply in the fourth quarter of 2008, according to a survey |by research specialist Kadence Asia Pacific.
      516 words
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      225 10 I M^. V^^e Date: 19 Dec 2008, Friday Venue: Time: 9.30 am 12.00pm Integrated Learning Systems Pte Ltd Who should attend: 72 Bendemeer Road Accounts Managers, Accountants, #03-30, Luzerne Finance Managers, Business Owners Singapore *****1 It is 'the time of the year'again, and it is imperative that firms submit their
      225 words
  • Page 10 Miscellaneous
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      149 11 Call 6-594 7777 now for the Payroll Specialist PAYDAY! Payroll Serve time ro relax www.PayrollServe.com.sg I >& \J^ We've been here H I 181' *Jt^*»^)^j^™- long enough to understand I S S||p^^^P wnat s important to you. JFP***** Mm if|> JF©***** For more than 140 years, HSBC's wisdom and prudence
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      2193 12 V*Z? riK^rT/nrr To"free: 180°-289-8822 IV 11| If L V Email: notices@sph.com.sg _L V^/ A. -L V-^ i' k3 www.cats.com.sg SENOKO POWER LIMITED (Company Registration No: *****4467W) (incorporated in the Republic of Singapore) NOTICE OF ADJOURNED MEETING OF HOLDERS OF THE 4.51 PER CENT. BONDS DUE 2013 OF SENOKO POWER LIMITED
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      132 12 save tax 1 Our qualified professionals WJm L Bl^n^^l^n^ft^^UdflpnH^Hßl W^^4^3 can assist you with offshore ■■■■■fHIMIMfSTpPITiffPPiI Hfel^flf^^l structures, shelf companies HP^^C^^^H BBB^S and incorporations in ALL wfmifufnlijMfl^/l^^ Wm jurisdictions including: W I I British Virgin Islands B^BiliffWfffffflßHfffllffTTliiPfflPTiTßJ I Cayman Islands B^^^^^^RjjTSHjflßSftflWljßßjTOiJijßjffJlHfl^JW^^^^BJ I Bahamas I Seychelles ?WJPB WJ Hongkong IVHINHvWSIPVH Samoa
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  • Page 13 Advertisements
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      190 13 lift Tm I I i I f »t\WSfe' II 1 I fi ;^B __^fl i I nil iv^ urich HelpP#int V Your savings plan doesn't have to move just because you do. Zurich Help Point™ is here when you need more than just insurance. It's here with VISTA, a policy
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon November inflation dives in Thailand, S Korea, Australia
      746 14 Reuters, Bloomberg This gives their central banks room to cut interest rates and avert recession [BANGKOK] Inflation in Thailand, South Korea and Australia plunged in November in sync with a global retreat, giving central banks room to slash interest rates to soften
      – Reuters,; Bloomberg  -  746 words
    • Article
      Lock icon 'Perfect storm' challenges for Vietnam
      591 14 AFP, Reuters [HANOI] Worried foreign business groups warned yesterday that Vietnam, a darling of foreign investors until a year ago, now faces "a perfect storm" of challenges amid the global economic turmoil. The communist government must drive forward long-stalled reforms or risk dropping further behind
      AFP,; Reuters  -  591 words
    • Article
      Lock icon Asia's funding costs rise amid credit concerns
      545 14 Bloomberg [SYDNEY] Asian money market rates rose as banks hoard cash amid concerns that a deepening global recession will make it harder for companies to repay debt. The Tokyo three-month interbank offered rate, or Tibor, rose a 16th day to 0.883 per cent,
      – Bloomberg  -  545 words
    • Article, Illustration
      Lock icon US economic downturn taking heavy toll on jobs overseas
      1136 14 Bloomberg [WASHINGTON] The US once exported jobs. Now, it is exporting unemployment. America's deepening recession, which has cost 1.2 million jobs so far this year, is taking a heavy toll overseas. Shrinking consumer demand for imports and less need for outsourcing
      – Bloomberg; AFP  -  1,136 words
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      834 14 A WATS LOST SHARE CERTIFICATES The following shore certificates hove been reported lost, destroyed or mislaid:Name of Company CeriHitote Wo. In the Name of Mo. ol Shores ComfortDelGro Corporation limited *****3 Ahmad bin Sharip 3.500 ■do- *****48 Tan Lee Hiang 19,048 SBS Transit Ltd *****38 -do- 1,800 NOTICE IS HEREBY
      834 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Bumi shares dive as Bakrie scraps divestment plan
      567 15 Bloomberg Bakrie cites deal reached to offload USs647m of its existing debts [JAKARTA] PT Bumi Resources, Asia's biggest exporter of power-station coal, fell in Jakarta trading yesterday as the scrapping of a divestment plan by its biggest investor increased the uncertainties surrounding
      – Bloomberg  -  567 words
    • Article
      Lock icon Indonesia seen holding rates as inflation slows
      402 15 Bloomberg [JAKARTA] Indonesia's inflation slowed to a five-month low, giving the central bank scope to keep interest rates on hold for a second straight meeting. Consumer prices increased 11.7 per cent in November from a year earlier, after gaining 11.8 per cent in
      – Bloomberg  -  402 words
    • Article
      Lock icon KL ready to relax foreign stake cap to stoke mergers
      411 15 [KUALA LUMPUR] Bank Negara Malaysia has offered to relax ownership rules for selected foreign financial firms as it seeks to encourage mergers in the local insurance industry, according to a report in Malaysia's Business Times. These foreign institutions are allowed
      411 words
    • Article
      Lock icon ADB ready to increase loans to Indonesia
      298 15 Bloomberg [JAKARTA] The Asian Development Bank said it can "significantly" increase lending to Indonesia, its biggest client, to help Southeast Asia's largest economy cope with a global liquidity crunch. The ADB is in talks with Indonesia's government to raise the US$7OO million it
      – Bloomberg  -  298 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China not facing crisis, slowdown moderate: top adviser
      315 16 -AFP, Reuters [SHANGHAI] China can weather the financial storm because the economy has no major bubbles while a year of policy adjustments have tamed the property market, a top central bank adviser said in comments published yesterday. The economic slowdown is a
      -AFP,; Reuters  -  315 words
    • Article
      Lock icon Islamic gunmen trained in Pakistan: India
      647 16 -Reuters, AP [MUMBAI] Indian investigators said yesterday that the militants who attacked Mumbai had months of commando training in Pakistan, raising the risk of heightened tension between the nuclear-armed neighbours, as recriminations mounted at home. The fallout prompted a second top politician from the
      -Reuters, AP  -  647 words
    • Article, Illustration
      Lock icon Business tycoon Tata runs into string of bad luck
      683 16  -  NEETA LAL He may not be able to claim insurance compensation for attack on hotel By in Mumbai THE year that began with a bang for Ratan Naval Tata, chairman of India's largest private sector conglomerate the US$2B.B billion Tata group,
      AP  -  683 words
    • Article
      Lock icon China lifts controls on food prices as inflation tumbles
      235 16 Reuters [BEIJING] China yesterday lifted its controls on food prices, the latest sign of how drastically the country's priorities have shifted from earlier this year when it was focused on fighting inflation. China froze price increases on a wide range of
      – Reuters  -  235 words
    • Article
      Lock icon Singh lifts ban on commodity futures
      294 16 Bloomberg [MUMBAI] Indian Prime Minister Manmohan Singh lifted a seven-month ban on futures trading in natural rubber, soya bean oil, potatoes and chickpeas after inflation in India slowed to a six-month low. "The ban is over and there is no move on our part
      – Bloomberg  -  294 words
    • Article
      Lock icon GM's India plans still solid
      247 16 Bloomberg [NEW DELHI] General Motors Corp, the US carmaker that faces the risk of running out of cash, will go ahead with its investment plans in India, notwithstanding a slowdown in the local market. "Emerging markets are the obvious growth areas for the auto industry,"
      – Bloomberg  -  247 words
    • Article
      Lock icon China insurers dodge bullet, but risks loom
      471 16 Reuters [SHANGHAI] China's three trillion yuan (***** billion) insurance industry was largely insulated from the US sub-prime crisis that battered AIG and other foreign firms, but the fallout poses the toughest challenge in a decade as profits tumble and demand for insurance products
      – Reuters  -  471 words
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  • NBS-BT ROUNDTABLE
    • Article, Illustration
      Lock icon Global crisis rouses Asian giant
      3120 17 OVERVIEW DESPITE being the world's fastest growing economy and having protected financial markets, China too has been hit hard by the global financial crisis. In the first of a three-part Nanyang Business School-Business Times Roundtable Series, key China experts from Nanyang Technological University's business school
      3,120 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon BOJ set to tackle credit crunch
      514 18  -  ANTHONY ROWLEY But it may not cut interest rates at this stage, as effects may not permeate By in Tokyo THE Bank of Japan's (BOJ) Policy Board will hold an emergency meeting today to find ways of easing a credit crunch that is rapidly
      514 words
    • Article
      Lock icon Pacnet bids US$420m for Aussie telco
      483 18 Reuters It will finance its unsolicited offer with cash and equity [TAIPEI] Privately held Pacnet is offering US$42O million for Telecom Corp of New Zealand's AAPT, Australia's No 3 phone group, as it looks to round out its Asia-wide telecoms network, a source close
      – Reuters  -  483 words
    • Article
      Lock icon Carmakers in Europe, Asia hit by fall in sales
      290 18 Reuters [PARIS] Carmakers reported tumbling sales across Europe and Asia yesterday, taking fresh hits in the fight against plunging consumer confidence on the world's car lots. "The financial crisis and the weaker economy is now hitting the auto market with full
      – Reuters  -  290 words
    • Article, Illustration
      Lock icon No end in sight for Thai impasse, say analysts
      700 18  -  GREG LOWE By in Bangkok THAILAND'S political deadlock, which has led to an eight-day blockade of Bangkok's two airports by the an-ti-government People's Alliance for Democracy (PAD), is unlikely to be resolved even if the Constitutional Court orders the ruling People
      BLOOMBERG  -  700 words
    • Article
      Lock icon Factory index drops in Nov as overseas orders dip
      384 18 Bloomberg LATEST US DATA [WASHINGTON] Manufacturing in the US contracted in November at the fastest pace in 26 years, putting American factories at the forefront of a global industrial slump emanating from the lack of credit. The Institute for Supply Management's
      – Bloomberg  -  384 words
    • Article
      Lock icon UN sees world economic growth at just 1% in 2009
      475 18 Reuters [DOHA] World economic growth will slow to one per cent in 2009 from 2.5 per cent this year as the financial crisis bites and the global economy may even contract if stimulus packages prove too little too late, a
      – Reuters  -  475 words
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  • WORLD
    • Article, Illustration
      Lock icon UK car industry seeks govt aid package
      566 19  -  JANE MOIR Govt-guaranteed credit facility for carmakers, suppliers included in requests By in London BRITAIN'S car industry is warning of hefty closures and job losses unless the government intervenes to prop up the market. Leaders from the industry are to meet with Business
      REUTERS  -  566 words
    • Article
      Lock icon BRIC consumers hold the key to global growth
      686 19 Bloomberg People of the 4 big emerging economies seen spending more [HONG KONG] The best hope to keep the global economy growing may be people like Wei Yufang. A peasant who farms a small plot beside the mudbrown Huaihe River in central
      – Bloomberg  -  686 words
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  • OSEA2008
    • Article, Illustration
      Lock icon Prepare to ride out low oil prices
      896 20 Oil gas sector firms must be ready to innovate and invest even if demand remains flat, reports moor aisha THE current squeeze gripping the global oil industry has led to a reduced demand and consequently falling margins for many companies. Oil prices fell
      896 words
    • Article, Illustration
      Lock icon Keppel hones its technological edge
      600 21 Its new deepwater design is just one of the many technology initiatives that offshore leader Keppel O&M constantly pursues FUNDAMENTALS in the offshore industry remain intact in spite of the current slowdown in new rig orders as a result of the global financial meltdown. World
      600 words
    • Article
      Lock icon Oil & gas sector show grows 80% despite gloom
      311 21  - Oil gas sector show grows 80% despite gloom NOOR AISHA By OSEA 2008, Asia's biggest oil and gas exploration and production industry exhibition, kicks off today, even as the industry faces new challenges, from volatile oil prices to the need for alternative sources of gyEstablished in 1976, the biennial event
      311 words
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      Lock icon Page 20 Advertisements Column 1
      82 20 \^^b^ ,t. -.-.V;^ y -,-f ""kril^^s: ■■T^S? Urn *"*S*?~£».-- "jSi^rS^^i bHb^b^MINV^bMM^H \j| K%W P"^^ Bfe u< 6D^n) _^B b¥^ BbIH B|^ *1 Q o^J _fl I^l Wb^ t Jkx.J bbM \Sm X H| —w_ B^BBjiiiiiiiii First choice for global services in Rental Fishing Casing Running Manufacture Repair Organiser: Endorsed by;
      82 words
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  • Page 21 Advertisements
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      197 21 j^_^-^^^s^BBBBr -1 w-^—" --gl v L^^apn*^-^— s^;^?s*^*H^Bß 3 eJ '^""-■f-MEi IJ cj^^PflfflH W?^^*-^^. f^&x_________r '^••a^*'^^^^ s^g^jj^^j^--^^^S^--^^^-^^*^^^^j ~J*^_ij(' r^z_i~^Jfr ~~^T^"jm| More efficiency with INAand FAG brand bearings Rotating equipment in refineries must be efficient and operationally safe. INA and FAG premium quality bearings are designed for such high requirements. For instance,
      197 words
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  • AVIATION
    • Article
      Lock icon Aerospace industry event in May
      301 22  -  NISHA RAMCHANDANI By [SINGAPORE] The Association of Aerospace Industries Singapore (AAIS) will be launching the inaugural Aerospace Supplier eXchange (ASK) a regional conference-cum-exhibition next year, with the aim of raising the profile of Tier 3 and 4 aerospace suppliers in Singapore that serve the OEM
      301 words
    • Article
      Lock icon Surprise forecast of quick airline industry recovery
      389 22  -  NISHA RAMCHANDANI Carriers to post loss for 2008 and profits in 2009 and 2010, says ICAO chief By [SINGAPORE] In a surprisingly bullish forecast, the International Civil Aviation Organization (ICAO) is betting that airlines will be able to pull out of the red
      389 words
    • Article, Illustration
      Lock icon Thai cargo operators move goods through Penang, KL
      325 22 Bernama [BANGKOK] Cargo operators affected by the closure of two Bangkok airports are switching to land transportation to export their goods to the rest of the world through facilities in Penang and Kuala Lumpur International Airport (KLIA). The move came as operators
      – Bernama; — »--»— I AP  -  325 words
    • Article
      Lock icon Airlines fly empty from Bangkok
      459 22 -AP [BANGKOK] Airlines were flying dozens of empty planes out of Bangkok's international airport yesterday as the authorities struggled to clear it of protesters to reopen international links and move 100,000 travellers stranded by the crisis, the airport said. Some 30 planes had been flown
      -AP  -  459 words
    • Article
      Lock icon US airlines may cut more seats
      164 22 Bloomberg [TOULOUSE] US airlines that pared seating capacity about 10 per cent this year may deepen the cuts in 2009 to ensure the industry makes its first profit in a recession. The pullback at big carriers including Delta Air Lines and American Airlines may
      – Bloomberg  -  164 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2647 22 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:
      2,647 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      245 22 CRYPTIC CROSSWORD teeth at the front stuffed J__^^J__^^J—L H—^^——^^—^^— II to be arty (8) H^ LJ 26 Unhappy about walk that may be printed in newspaper (5,2) 6 Three Magi bowled over in a 22 Like some rock genius, trou--27 Actress's final performance secluded place (9) bled about nothing (7)
      245 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Red tape ties up efforts to subdue pirates
      672 23 -NYT Chemical tanker latest ship to be hijacked in Gulf of Aden [BERLIN] Somali pirates firing automatic weapons and rocket-propelled grenades hijacked yet another ship in the Gulf of Aden last Friday, this time seizing a chemical tanker. A German military helicopter
      -NYT; AFP  -  672 words
    • Article
      Lock icon Avoiding pirates to cost Japan ships US$100m
      292 23 -AFP [TOKYO] Japan's shipping industry would incur more than US$lOO million in extra costs if its vessels change their routes to avoid rampant piracy off Somalia, an industry group said yesterday. Some Japanese ships have taken a route around the Cape of Good
      . -AFP  -  292 words
    • Article
      Lock icon Suez traffic not affected
      506 23 Bloomberg [CAIRO] Egypt denied that international shippers were avoiding the country's Suez Canal, the waterway that carried a tenth of the global seaborne trade in 2007, after an escalation in piracy off east Africa. "We have not been notified by any shipping company that they are
      – Bloomberg  -  506 words
    • Article
      Lock icon Golden Ocean aims to cut shipbuilding plan
      476 23 Reuters [OSLO] Bulk shipping company Golden Ocean posted a bigger-than-expected rise in its underlying third-quar-ter net profit yesterday, and said it aimed to reduce, postpone or refinance its US$l.6 billion shipbuilding programme. Though profit beat expectations, partly because much of Golden Ocean's fleet
      – Reuters  -  476 words
    • Article, Illustration
      Lock icon Slowdown hits US West Coast ports
      493 23 -LATWP Decrease in trade, competition from Panama to blame [LOS ANGELES] The slowdown in international trade has left the docks at the United States' biggest seaport complex quieter than they've been in years. Some workers, particularly non-union "casuals" at the Los Angeles and Long
      -LATWP; FILE PHOTO  -  493 words
    • Article
      Lock icon Penang Port set for new image, better facilities
      325 23 Bernama [PENANG] Penang Port is carrying out a rebranding exercise which will see it enhancing its facilities and services to clients while positioning its entire port operations under a new image. Penang Port Sdn Bhd's (PPSB) MD Ahmad Ibnihajar said the entire
      – Bernama  -  325 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        117 23 '000 to CH Offshore CChuan Hup Hldgs CCosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.26 0.21 0 72 0 33
        117 words
      • Article
        Lock icon KLSE
        41 23 '000 led MS Vol nt'G Logistics MISC Bhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.54 8.45 8.40 2.16 2.38 0.06 0.08 -0.05 -0.15 unch -0.02 unch -0.01 -0.01 20 203 2198 155 25 140 60
        41 words
      • Article
        Lock icon BANGKOK
        16 23 '00 led to lit Vol ■recious Ship Jegional Cont 9.30 .5.50 0.05 -0.05 521! 29!
        16 words
      • Article
        Lock icon HONGKONG
        15 23 '000 led HKC- Vol Ctoil ungamas Cont 12.14 0.58 -0.18 0.02 42 6( 110(
        15 words
      • Article
        Lock icon PHILIPPINES
        25 23 '000 )gc1 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.50 15.50 unch unch unch unch unch unch 1006 171 0 0
        25 words
      • Article
        Lock icon TAIPEI
        25 23 led NTS Vol evergreen Marine ...16.85 :irst Steamship 32.05 /Van Hai Lines 15.95 fang Ming Marine ..12.10 0.55 0.45 0.60 0.40 2! II 3!
        25 words
      • Article
        Lock icon TOKYO
        42 23 '000 lee 'en (awasaki Hvy Ind 200.00 -4.00 ***** (awasaki Kisen 389.00 5.00 5222 Mitsubishi Hvy 377.00 -10.00 ***** l/litsui Eng&Sbldg ..131.00 1.00 5527 vlitsuiOsk Lines ....506.00 -1.00 ***** Nippon Express 416.00 -11.00 2714 JipponYusen 508.00 -9.00 5156 iource: Thomson Reuters
        42 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Growing piracy threat to world trade
      517 24 THE world's attention in the past week has understandably been on the terror attacks in Mumbai, the financial heart of India, and on the civil unrest in Bangkok that has shut down Thailand's main international airport and choked off its tourist trade. But in
      517 words
    • Article, Illustration
      Lock icon A defining event in Mumbai's history
      1338 24  - A defining event in Mumbai 's history YOGI AGGARWAL Fear continues in city, but govt and businesses see little impact on investor confidence THERE are defining moments in a city's history when acts of devastation or heroism change how its residents feel about themselves and their place in a once-familiar
      XINHUA  -  1,338 words
    • Article, Illustration
      Lock icon Huge fiscal expansion will keep US from free fall
      807 24  -  PAUL KRUGMAN -NYT THE BOTTOM LINE RIGHT now, there's intense debate about how aggressive the US government should be in its attempts to turn the economy around. Many economists, myself included, are calling for a very large fiscal expansion to keep
      -NYT  -  807 words
    • Article, Illustration
      Lock icon Why S'pore draws fund management
      1613 25  -  DAVID SANDISON Once certain issues are sorted out, the country will become a brilliant location for both managers and their funds By THERE is no doubt that there has been an unprecedented surge in interest in Singapore as a fund management location over the past
      DESMOND WEE/THE STRAITS TIMES  -  1,613 words
    • Article, Illustration
      Lock icon SMEs have an important role in a global economy
      737 25  -  NICHOLAS TAN By DESPITE the current economic environment, there is little doubt that the new wired world gives small to mid-sized enterprises (SMEs) unprecedented opportunities to reach new markets and new customers across the globe. The global reach of smaller companies
      AP  -  737 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      146 26 Our Readers Aren't Just Numbers, But Key Figures The Business Times is Singapore's leading financial daily targeted at a powerful and influential audience of key decision-makers and movers and shakers with high purchasing power and an affluent standard of living. Of course, it doesn't hurt that our daily readership has
      146 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8645 27 Transaction date: Dec 1 High Low Code Company Sale COOO) High Low Buyer Seller C'vr P/E $mil 12 3 3148 8Telecom 17 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABR Hldgs 19.5 6 1938 AEI Corp 14.5 1 1100 AEM. 31 7 2101
      8,645 words
    • Article
      Lock icon SGX CATALIST
      1839 28 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      1,839 words
    • Article
      Lock icon SGX XTRANET
      62 28 _Hu Low Code Comi Sale '000) _H|< Low Bu' Seller C'vr P/E $mil ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 IS S&P500 ***** ***** 6170 SPDRS 385 158 6009 STI ETF 3698.8 3386.7 6010 STI ETF IOPV US***** US6200cd
      62 words
    • Article
      Lock icon CLOB INTERNATIONAL
      78 28 52-Wk Tel High Low Code Last Sale Vol COOO) Day Last Quote lh Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an' Hii 112 40 6000 AVJennings 20.5 4 6134 Over&Gen 34 6 6017 StarCruises 283 104 6019 TanChonglnt A43 A8 US8 HK116 -0.5 unch
      78 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8960 28 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.348/ AIGIF Spore Bond Fund/ A 1.207/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.56/ APS Alpha Fund (USD)!** 0.37/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6055/ APS Komaba
      8,960 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      44 27 ROYAL OAK COLLECTION WHERE EXTREMES MEET 7 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED >^$^^^^!~^^^^^^: s -;;.i^.r ~"---J "--■■if**!^' 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 -*few^i^^r-—'^^K Js' "W-^Bs^^ >V Internet: Http://www.audemarspiguet.com jj"^- '^^li!^T^^T"*^ ''^V" i '■.\t"C-j'S<^
      44 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      360 29 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov 28 World Index Preliminan 667.9 0.7 -41.0 0.3 -41.5 0.3 -44.1 EAFE Preliminai 641.9 1.1 -42.7 0.4 -45.7 0.4 -48.2 Euri Preliminan 905.9 0.9 -41.3 -0.2 -48.4 -0.2 -50.8 Pacific 527.0
      360 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 29 As at 9am Dec 1 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9730 1.0140 Can dollar 1.2110 1.2250 Euro 1.9070 1.9290 NZ dollar 0.8180 0.8360 iterlini md 2.3090 2.3350 US dollar 1.5050 1.5220 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      172 29 Dec 1 Overnight 1-month 2-months 3-months Overnight mode: 1/8 USS 1/4 11/16 3/4 13/16 Offer 1/8 7/16 1/2 9/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 1.50 2.50 2.70 2.80 3.10 3.30 3.40 Offer 1.00 2.00 2.20 2.30 2.60
      172 words
    • Article
      Lock icon STOCK INDEX FUTURES
      23 29 Dec 1 ten STI SIMSCI Dec 205.1 209.4 203.7 Taiwan Dec 167.1 173.3 168.9 Source: MF Global (S) Pte. Ltd
      23 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 29 Dec 1 Bid Offer 1-month 1.5193 1.5205 2 months 1.5171 1.5185 3 months 1.5148 1.5162 6-months 1.5086 1.5105 Source: OCBC
      23 words
    • Article
      Lock icon PALM OIL
      62 29 Dec 1 Delivery Month Opening Range Sett Av Price Price Hii Vol Open Done Position Low Dec 08 1630 Jan 09 1614 Feb 09 1608 Mar 09 1612 Total o/p: ***** contracts 1603 1650 1586 315 2771 1615 1670 1593 1812 ***** 1628 1675 1597 7482 ***** 1617
      62 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      305 29 Dec 1 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec08 Mar09 Jun09 Sep09 97.8325 98.0750 98.0800 98.0550 6674 ***** 4967 3587 EUROYEN TIBOR FUTURES Dec08 99.125 99.140 Mar09 99.210 99.250 Jun09 99.265 99.265 Sep09 Dec09 Mar10 Jun10 Sep10 99.120 99.210 99.265 99.140 99.235 99.290 99.325 99.325
      305 words
    • Article
      Lock icon SICOM FUTURES
      195 29 Dec 1 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Jan 09 132.0 Feb 09 133.5 Mar09 135.0 Apr 09 138.0 May 09 138.0 Jun 09 138.0 131.7 133.2 134.7 132.0 132.0 132.0 129.0 130.0 132.5 133.0 133.0 133.0
      195 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 29 Dec 1 Period Issue code Maturity Yesterday's Bid Day's [h Low Hii 3-Month BQ*****F 05.03.09 1-Year BY*****V 02.11.09 0.58 0.73 0.47 0.47 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 15-Year
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      Lock icon CHICAGO BOT
      104 29 Nov 28 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 883.00 886.00 884.00 871.00 Mar 09 891.00 894.00 891.00 879.00 May 09 900.00 903.75 900.00 888.50 Jul 09 908.00 913.00 908.00 900.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 32.58 32.50 32.50 32.00
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 29 CRUDE OIL PRODUCTS Nov 28 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 50.70 -2.36 WTI (Near Mth) 54.43 0.49 Dubai (1-Mth F) 48.80 -0.56 Tapis blend 55.40 -0.60 Minas 52.00 -0.60 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 34.00 69.20 -0.77 -0.90 USS/barrel Opec Oil
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      Lock icon INTERBANK CROSS RATES
      449 29 Dec 1 luro ren ton 'eso Earn 'ouni Australia 0.802 4.436 0.508 4.998 32.281 79.639 0.613 9.289 2.340 1.202 50.763 31.433 0.981 6.510 0.781 21.504 23.044 0.422 0.645 Canada 1.248 5.534 0.634 6.235 40.272 99.352 0.765 11.588 2.919 1.500 63.328 39.214 1.224 8.122 0.974 26.827 28.748 0.526
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      Lock icon SIBOR
      79 29 Dec 1 (US$) (S$) 1.***** 0.***** 1 mth 2 mths 2.***** 0.***** 3 mths 2.***** 0.***** 6 mths 2.***** 0.***** 9 mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 0.***** 3 mths 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths
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      Lock icon INTERBANK CURRENCY RATES
      157 29 Dec 1 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9802 0.9815 0.6446 0.6451 Canadian dollar 1.2230 1.2243 0.8043 0.8046 Euro 1.9304 1.9320 1.2695 1.2698 NZ dollar 0.8147 0.8167 0.5358 0.5368 Sterlini 2.3238 2.3259 1.5282 1.5287 US
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      Lock icon PRECIOUS METALS
      138 29 Dec 1 GOLD (USS/oz) Nov 28 Dec 01 Hong Kong London 813.70 805.30 814.70 806.30 Nov27 Nov28 813.75 811.40 815.75 813.90 Source: Thomson Reuters CAST BAR (SS) Dec 01 Buying Sellini Kilobar "42,261.79" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm IOgm 20gm 50gm lOOgm 1 oz
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      Lock icon LONDON METALS
      69 29 Nov2B\ luminium, 99.7 jrity (USS/tonne) Co Close Previous Cash 1726.00 1745.00 3 months 1772.00 1791.00 Copper, Grade A (USS/tonne) Cash 3 months 3595.00 3620.00 3666.00 3696.00 Lead (USS/tonne) Cash 3 months 1094.50 1103.00 1094.50 1105.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      71 29 Nov 28 (£/tonne) Close Prev Hii ih/Low Dec 08 1612 1625 1643/1603 Mar 09 1519 1517 1529/1492 May 09 1513 1508 1520/1485 Jul 09 1516 1510 1522/1507 COFFEE (USS/tonne) Close Pev High/Low Nov 08 1971 1971 Jan 09 1969 2015 2035/1967 SUGAR (US tonne) White Close Prev High/Low Mar
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    • Article
      Lock icon BONDS & WARRANTS
      2765 29 BONDS WARRANTS rei lode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 2058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 6.5 1481 Asia Water Tech Ltd W*****0 ..18.5 5816 Asiasons Capital Ltd W*****7 4 s756# Asiatic
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  • PROPERTY
    • Article
      Lock icon Dubai high-end property defaults rise
      538 32 Reuters Developers told to review projects not launched or unsold [DUBAI] Dubai is witnessing an increase in defaults on high-end properties as financing conditions worsen and is likely to see smaller developers merge, a member of the Gulf Arab trade hub's financial crisis committee said
      " – Reuters  -  538 words
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      Lock icon Dubai developer Nakheel axes 15% of staff
      515 32 -AP [CAIRO] The Dubai state developer building palmshaped islands off the city's coast said on Sunday it has cut about 15 per cent of its staff amid a work slowdown the clearest sign yet that the Gulf's property boom is hurting from the
      -AP; mami..M REUTERS  -  515 words
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      Lock icon Ascott Group to grow through Citadines brand
      514 32  -  NISHA RAMCHANDANI It aims to extend reach in Eastern Europe and the Asia-Pacific By [SINGAPORE] The Ascott Group is working on extending its reach in Eastern Europe and the Asia-Pacific through its Citadines brand. The Singapore-head-quartered group, which operates the Ascott, Somerset and
      ASCOTT  -  514 words
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      Lock icon Property no longer a safe asset
      255 32 Reuters [LONDON] Real estate used to be the ultimate allweather asset class, with low correlation to volatile stocks and unexciting bonds. But in today's debt-starved market, property is not the safe haven it once was. Trusted property market tenets have been deformed by an
      – Reuters  -  255 words
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      Lock icon RBS announces 6-month repo grace period
      510 33 Reuters Mortgage lenders told that arrears policies must match FSA requirements [LONDON] British lender Royal Bank of Scotland (RBS) yesterday said that it would not repossess the homes of mortgage customers who default until six months after they first fall into arrears. RBS, owner
      – Reuters; AFP  -  510 words
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      Lock icon British mortgage approvals fall
      401 33 -Reuters It is at the lowest level since the series began 10 years ago [LONDON] British mortgage approvals fell in October to match their lowest level since the series began a decade ago, data showed yesterday, putting further pressure on policymakers to get banks lending again.
      -Reuters; REUTERS  -  401 words
    • Article
      Lock icon UK house prices fall 8.1% yoy in Nov
      187 33 Reuters [LONDON] House prices in England and Wales fell by 1.1 per cent in November to take them 8.1 per cent lower year-on-year, property consultancy Hometrack said in its monthly survey yesterday. The pace of monthly decline eased slightly from October's 1.3
      – Reuters  -  187 words
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      84 32 ZAP HERE for the latest property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word 'Zap sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software (located either in "Games" or "Applications" folder
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      65 33 Prime Living in Leonie Hill for Lease nutes t0 Orchard Road iu'rZ JHHj (H Immediate occupation mm 2 3 bedrooms, spacious and bright RWJSffI fflffl HRn Partially Fully furnished W <sr Full condo facilities Maid service available r^vn^|mm^^^jgjm|^^g|mgj^g^^ggy^g^^m|gggj^ External agents welcome FGALL SISTIG AT *****555 WWW.GINDERELLAONSTAGE.COM Full commission payable fefeJi
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      Lock icon Page 33 Advertisements Column 2
      44 33 FOR SALE s °S9, District 10 Jervois Hill 15,000/30,000 sqft cl"J^ rth f Land plots for building gem Good Class Bungalows By Expression of Interest 7 Closing 05 DEC 08 (3pm) For details, pis call John Goh 6854 8678 9383 6780 cb richard ellis
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      206 34 K. business space for sale L *!^Sssd The New Business Hub In The East l Eunos Technolink Enterprise One Enterprise One Eunos Technolink r Located within Kaki Bukit, Eunos Technolink and Enterprise One together form a unique business 1 hub in the eastern part of Singapore. With a wide variety
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