The Business Times, 21 September 2009

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Total Pages: 26
1 26 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf!i A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Monday, September 21,2009
    20 words
  • 625 1  -  SAMUEL EE By [SINGAPORE] An impending supply shock in certificates of entitlement (COEs) for vehicles could be in the works, which will point to soaring COE premiums ahead. The highly anticipated mid-quota-year review is scheduled to be made known this week,
    i ALPHONSUS CHERN/THE STRAITS TIMES  -  625 words
  • 1204 1  -  JAMIE LEE They say claims that they endorse deals unfair to minority investors are off the mark By [SINGAPORE] What's fair to some is foul to others. It's a market reality that investors have to accept, industry players say. While recent privatisation and
    1,204 words
  • MARKETS DIGEST
    • 55 1 Weekly 2,647.91 lange -33.12 IT Index 1COMP 1,221.20 +12.92 IIKKEI 225 10,370.54 -73.79 IANG SENG 21,623.45 +462.03 ;et index 713.67 +5.86 JAKARTA COM P 2,456.99 +41.04 1ANILACOMP 2,789.33 -81.50 ;eoulcomp 1,699.71 +48.01 IHENZHEN B 523.09 -1.30 IUMBAI IND 16,741.30 +477.00 )OW 9,8920.20 +214.79 IAS DAI 2,132.86 +51.96 ;&P 500
      55 words
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.765 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • 44 1 IS$ (S$ per US$) 1.417 (USS/SS per 1.631 2.311 EURO (US$,S$/E) 1.467 Foreign currency per US$ 2.078 'EN 91.20 64.40 3.483 2.458 IK$ 7.750 5.470 !AHT 33.72 23.80 lUPIAH 9,700 6,846 1ENMINBI 6.828 4.819 INDIAN RUPEE 48.24 34.05 1.154 0.815 IZ$ 1.412 0.997
      44 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 49 1 DINING OUT WmM BIZIT VIEWS FROM THE TOP FORMULA ONE Guest appearance pN^i^^ Spore stays hot Top execs spell out their The sport's credibility by Peugeot team Jf Jt for Google offerings biggest leadership challenge is on the line .jfijMj m PAGE 19 PAGE 26 PAGES 10,11 PAGE 9
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  • TOP STORIES
    • 1144 2  -  JOYCE HOOI The new celebrities of the financial crisis are savants like Krugman and Roubini By [SINGAPORE] Perhaps one of the good things to have come out of the recession is that people have stopped paying attention to pop star Bono, where pressing
      AP, AFP  -  1,144 words
    • 649 2  -  ANTHONY ROWLEY By in Tokyo WHEN Japan's new Prime Minister Yukio Hatoyama unveils a plan before the United Nations in New York this week to help developing nations counter climate change, by means of Japanese financial and technological assistance, he will be making more than
      649 words
    • THREE-MINUTE DIGEST
      • 60 2 WHAT'S fair to some is foul to others. It's a market reality that investors have to accept, industry players say. While recent privatisation and takeover deals may seem unattractive, independent financial advisers and bankers say claims that they are endorsing deals that are
        60 words
      • 55 2 AN IMPENDING supply shock in certificates of entitlement or COEs for vehicles could be in the works, which will point to soaring COE premiums ahead. The highly anticipated mid-quota year review is scheduled to be made known this week, keeping COE
        55 words
      • 74 2 PERHAPS one of the good things to have come out of the recession is that people have stopped paying attention to pop star Bono, where pressing world issues are concerned. The new celebrities of the financial crisis have taken a tweed-blazer turn this
        74 words
      • 65 2 MANY Wall Street traders are still talking about the inevitability of a correction. But as the major stock market indexes close in on a 60 per cent gain since the March bottom, a growing chorus of experts are growing convinced that the
        65 words
      • 69 2 HSBC Holdings pic said it is a victim of a US$75 million fraud by Hassan Nemazee, a top fund-raiser for US President Barack Obama and Hillary Clinton who was arrested last month for defrauding Citigroup. The US unit of HSBC filed
        69 words
      • 60 2 STOCK valuations in the plantations sector are looking less attractive, despite a higher earnings outlook, as most are now trading at or above their historical average price multiples, says Citigroup. It maintains a "buy" recommendation on First Resources at a raised target price of
        60 words
      • 68 2 MEDICAL suites at the upcoming Farrer Medical Centre will be open to purchase by retail investors as well, but with a caveat. Investors must understand that the suites can only be leased to doctors and that their choice of tenants have to meet
        68 words
      • 83 2 DESPITE fears of bubbles in China's property and stock markets, Beijing will maintain its stimulus policies and pump more money into the economy until its manufacturing sector recovers, analysts say. With weak exports dragging the economy down, Beijing was relying on buoyant
        83 words
      • 57 2 ILLEGAL products have always been barred from the show floors of the Comex tradeshow but the owners of the raided stall managed to slip under organisers' radar as they lied about the products they were peddling, according to Melvin Koh, general manager of
        57 words
    • 754 2  -  ANDREW MARKS WALL STREET INSIGHT By in New York SO MUCH for the September swoon. On Wall Street, plenty of money managers and traders, analysts and market strategists are still talking about the inevitability of a correction. It's something in the range of
      754 words
    • 533 4 Bloomberg Tough job ensuring steady growth and stable society in face of economic crisis [BEIJING] China, the world's third-largest economy, faces "arduous tasks" in maintaining steady growth and a stable society, President Hu Jintao said yesterday, as the ruling Communist Party prepared to
      Bloomberg  -  533 words
    • 989 4  -  ANNA TEO By [SINGAPORE] So it's not just the mountain kingdom of Bhutan that believes that happiness (not GDP) should be the gauge of economic progress. France, too, has taken the ascetic road, and it also wants to get other countries on board in
      989 words
    • 686 4 Bloomberg [NEW YORK] HSBC Holdings pic said it is a victim of a US$75 million fraud by Hassan Nemazee, a top fund-raiser for US President Barack Obama and Hillary Clinton who was arrested last month for defrauding Citigroup Inc. The US
      – Bloomberg; AP  -  686 words
    • 562 4 AP, Bloomberg [WASHINGTON] President Barack Obama isn't ready to close the book on the US recession. "All the signs are that the economy's going to start growing again," he said, citing improving manufacturing and financial markets. At the same time, he said
      AP, Bloomberg  -  562 words
  • Page 2 Advertisements
    • 26 2 SCORE CARD Keep your investors I informed by advertising I your financial results in I our newspapers. Call 1800 289 8822 or email I notices@sph.com.sg. I
      26 words


  • Page 4 Advertisements

  • COMPANY NEWS
    • 610 5  -  OH BOON PING Indonesian planters' PE more attractive than Malaysian planters': Citigroup By STOCK valuations in the plantations sector are looking less attractive despite a higher earnings outlook, as most are now trading at or above their historical average price multiples, says Citigroup.
      BLOOMBERG  -  610 words
    • 103 5 CAO Xiangbin (right), executive chairman and CEO of newly listed China Gaoxian Fibre Fabric Holdings, donated $91,800 to The Bull Charge® 2009 in his personal capacity last Friday, presenting his cheque to Seek Wai Kwong [left], CFO of the Singapore Exchange (SGX). This brings
      103 words
  • Page 5 Advertisements
    • 156 5 Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg I —l^ TS^ Planning your group retreat? Be it corporate incentive, w3l£^ conference packages, teambuilding, free easy..... The Leading Operator B°°k yOUr gr°Up retreat US t0^ y! w Friendly Professional Service Assured I i/|taH| A FLEET OF EXCLUSIVE CLASS
      156 words
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      32 words

  • SINGAPORE MARKETS
    • 700 6  -  R SIVANITHY STOCKS CHART watchers would no doubt be busy this week fine-tuning their analyses of the Straits Times Index with the key questions being whether the buying of the dips will continue and if so, would they eventually be strong
      700 words
    • 428 6 COMMODITIES [LONDON] Gold prices jumped last week to within grasp of record highs above US$l,OOO per ounce on the back of a weak dollar and mounting economic optimism, while oil prices also edged higher. The euro hit U551.4767 on Thursday, a level last seen
      428 words
    • 682 6 Payment (cts) Ex Books Pay date close date iTelecom Intl ax 1.185 25-Set 29-Se[ 19-oa iBR Hldi 1.000 07 Sq 09-Se[ 29-Set idami Ik Ltd 0.750 04-Se; 08-Se[ 25 Set iscendas Reit 1.940 17-Aui 19-Aui 23 Set vSL Marine ak 3.000 280a 30-Oa 10-Hov 6L Marine bh 1.000
      682 words
    • 393 6 CURRENCIES [HONG KONG] Asian currencies ended the week mostly higher against the dollar but the yen retreated from mul-ti-month highs as dealers took profits from the unit's recent advances. Japanese yen: The yen slid back from new seven-month highs against the dollar, although Japanese officials
      393 words
    • 1440 6 Source: Reuters lompany name Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Mlqreen Prope 'erties Ltd 2.09 2.60 11 6.49 17.72 1.20 1.16 ,RA Asset Mgt Ltd 2.00 2.00 2 7.50 11.47 1.03 0.87 .rmstrong Ind
      1,440 words
    • 4 6 WEEKLY
      4 words
    • 65 6 Sep 18 VALUE CLOSE IT OB/OS -65.00-122.0C IT CADI -*****.00 -50.0' IT 10-day MA -*****.00 -7.0i TSE ST Mid Cap 622.58 +2.1 TSE ST Small Cap 553.91 -0.5' TSE ST All Share 654.24 -4.4' TSE ST China Top 280.55 -1.8 TSE ST China 281.13 -1.7 TSE ST
      65 words
    • 60 6 VOLUME Gentinq SP 608,163,000 Golden Agri 518,777,000 Sapphire 342,028,000 ChinaGaoxian 292,402,000 Sinotel Tech 250,170,000 HG Metal 198,394,000 Uni Envtech 195,978,000 China Honqxinq 162,814,000 Yinq Li 159,426,000 GMG Global 141,740,000 VALUE(S) Gentinq SP 654,358,620 DBS Grp 434,957,297 Capita Land 429,637,479 Wilmar 354,178,010 Sing Tel 282,070,448 UOB 252,075,724 CityDev
      60 words
    • 101 6 CLOSE UP 9924 169.9 1.2 LD 10US$ IMH 3098 138.8 3.3 LatinAmerica 1 730 109.0 11.8 ICC 3.93% NCPS10 8000 100.0 1.3 ICC 5.1% NCPS 100 9830 100.0 1.0 lardine C&C 2452 88.0 3.7 MS India 10US$ 1388 82.1 4.4 iBXT FTChina25 10US$ 3064 80.7 1.9 China H 10US$
      101 words
    • 114 6 CLOSE DOWN *****-208.1 -1.4 DBXT Ni 10US$ DBXT S&P Short 10US$ 5766-196.8 -2.4 Ci 1020 -88.0 -7.9 Ci ES.0909 1022 -86.0 -7.8 JSH 1668 -82.1 -3.4 OUE 945 -55.0 -5.5 Venture Con 906 -33.0 -3.5 Omei iNav 591 -29.0 -4.7 HK Land 408 -24.1 -4.0 DBSBk6% NCPS 10 *****
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    • 87 6 Wh lere S! stands Sep 18 %CHNG CLOSE FR Sep 17 YR2009 S$ LOW S$ HIGH uss 1.4160 -0.19 1.5579 1.4120 Euro 2.0822 0.01 2.0824 1.9150 Pounds 2.3150 0.85 2.4366 2.0356 1.2323 0.34 1.2365 0.9453 ren* 1.5508 0.44 1.7278 1.4831 Rupiah* 0.***** -0.14 0.****** 0.***** Baht* 4.1999 -0.16 4.3390
      87 words
    • 1430 7  -  TEH HOOI LING OUR portfolios stayed rather resilient despite the correction in the blue chips Straits Times Index last week. Five out of six of our portfolios advanced. Only one the lowest price-to-book portfolio weakened. On average, the portfolios edged up by 0.6
      1,430 words
    • 1641 7  -  ROBERT HALILI INSIDE MARKETS By BUYING fell while selling among directors remained low last week based on filings on the Exchange from Sept 14 to 18. A total of 12 companies recorded 20 purchases worth $3.3 million versus nine firms with 15
      1,641 words


  • SINGAPORE NEWS
    • 762 8  -  CHEN HUIFEN But suites can be leased only to doctors meeting hospital's standards By MEDICAL suites at the upcoming Farrer Medical Centre will be open to purchase by retail investors as well, but with a caveat. Investors must understand that the suites can only
      762 words
    • 255 8 Evergro Prop E Amara Singapore, Ballroom 2, Level 3, 165 Tanjong Pagar Road, Singapore *****9 23-Sep 10.30am Tee Intl A York Hotel Singapore, 21 Mount Elizabeth, Singapore *****6 24-Sep 2.30pm Manhattan Res E 45 Maxwell Road, 5th Storey, Podium of The URA Centre, Singapore *****8 25-Sep 10.30am Lion
      255 words
    • 383 8 PRIME LENDING RATES Sep 18 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank
      383 words
    • 920 8 -NYT Exotic flavours find an almost religious following; sales soar THE global economic crisis may have damped the appetite for high-end goods, but one small daily luxury gourmet tea has been posting surprisingly strong sales, prompting some tea brands to consider expanding around the
      -NYT  -  920 words
    • 865 8 -AFP PROFILE SINGAPOREAN entrepreneur Lim Kirn Hai is the first to admit that glamour and prestige did not even figure when he made the decision to invest in a regional Australian airline in 2002. Seven years after Mr Lim's big gamble
      -AFP; i AFP  -  865 words

  • FOCUS: FORMULA ONE
    • 544 9 -AFP FIA faces delicate balancing act in deciding on the punishment to dish out to Renault [PARIS] THE Singapore race-fixing scandal, which has plunged the world's most glamourous sport into a bitter spiral of recriminations and resignations, will push Formula One's credibility to the brink
      -AFP; S3 AP  -  544 words
    • 393 9 ■AFP [LONDON] Corruption runs deep in Formula One (Fl) and the only way to stop the rot is for a total break from the existing system, the man hoping to succeed Max Mosley as FIA president claimed yesterday. Ari Vatanen, the former rally
      ■AFP  -  393 words
    • 654 9 -AFP Yeongam circuit has unique design, scenic location [YEONGAM, South Korea] At a spectacular seaside venue, South Korea is spending tens of millions of dollars on its latest foray into world sport a Formula One (Fl) motor racing track billed as
      -AFP; AFP  -  654 words
    • 455 9 Reuters [LONDON] Renault face heavy sanctions when they appear before Formula One's governing body in Paris today to answer race-fixing charges. Here are the main issues: The charges: The International Automobile Federation (FIA) has accused Renault of fraudulent conduct and bringing the sport
      – Reuters; AFP FILE PHOTO  -  455 words
  • Page 9 Advertisements

  • VIEWS FROM THE TOP
    • 4361 10 THIS WEEK'S TOPIC: What is the biggest people or leadership challenge you face? As a business leader, how do you inspire others to achieve more than they set out to? Deborah Henretta Group President Asia Proctor Gamble A KEY challenge I face is creating a sustainable
      STOCK.XCHNG  -  4,361 words

  • Page 11 Advertisements
    • 70 11 j^^ffl K^| ORGANISED BY: ritt MINISTRY OF Eh SB iff MANPOWER B|n r. I! I• I f -I ij* |pw' I j.4ri. I:! r; 11. ■itiU^ f*l« AAM^Uj jgSaEgji^M lV |QJH B&l IPuTiPilraiuv^SPrVßrirSnl Singapore ■9 Bn K«H XA/^^XV development El BllllMHilMMMlfM^ i HI n Bh H ltipyipp(MHpill|iiMW human capital A
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1156 12 Is an Executive MBA really worth the time and effort in today's furiously-paced competitive world? PATRICK LEE gives his opinion NO DOUBT, there are many schools of thought on the merits of a Master of Business Administration (MBA), let alone an Executive MBA. But having
      1,156 words
    • 949 12 CAMPUS LIFE Choosing to venture into China on a self-initiated internship, NUS undergraduate Chen Heng Hui tells MAYBEL CHONG how his strong grasp of Mandarin gave him an added edge on the international stage THE tertiary semester break each year sees many local undergraduates seeking internship opportunities
      949 words
    • 204 12 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 12 Advertisements
    • 46 12 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • ECONOMY WATCH
    • 626 13 AFP, AP Brazil, Russia, India, China, South Africa flexing growing economic muscle [WASHINGTON] Emerging nations heading to the G-20 summit in Pittsburgh will push for a stronger voice in major world bodies and fight their corner in a looming showdown over who should foot
      AFP, AP; BLOOMBERG  -  626 words
    • 552 13 Reuters [WASHINGTON] US President Barack Obama, preparing to meet other G-20 leaders in Pittsburgh, on Saturday stressed the need for regulations to prevent another global economic crisis and German Chancellor Angela Merkel was optimistic agreement could be reached at the summit. Financial
      – Reuters  -  552 words
    • 384 13 Reuters President calls for well-sequenced exit strategies [SEOUL] South Korean President Lee Myung-bak said he wanted "well-sequenced exit strategies" implemented around the world in the coming months while adding global leaders should not act hastily. The term "exit strategy" refers to the eventual
      Reuters  -  384 words
    • 578 13 Reuters [BRUSSELS] Europe's banks face a shakeout as a result of the European Commission flexing its muscles over state aid that the sector gratefully accepted to survive a financial crisis. Banks will be forced to sell assets and reduce market share, and
      – Reuters  -  578 words
    • 532 13 ■AFP [KIEV] One year after the economic crisis plunged Ukraine into one of Europe's deepest slowdowns, the country's economy remains fragile amid fears the IMF may suspend billions of dollars in credit. The International Monetary Fund may not release the next tranche of
      ■AFP; AFP  -  532 words

  • MALAYSIA
    • 251 14 [KUALA LUMPUR] Prime Minister Najib Razak has called on Malaysians to rid the multicultural nation of racial tensions, six months into an administration that has seen several episodes of ethnic unrest. In his first message as prime minister to mark the Muslim holiday
      AP I  -  251 words
    • 573 14 MALAYSIA INSIGHT MALAYSIANS invested U5514.05 billion abroad last year, far outstripping the US$B billion the country received in foreign direct investment (FDI). According to the United Nations Conference on Trade and Development's (Unctad) World Investment Report, Malaysian overseas investment surged 27 per cent in
      573 words
    • 378 14 -AP [KUALA LUMPUR] Beyonce Knowles says she will perform in Malaysia in October, two years after cancelling a show in the Muslimmajority country after protesters threatened to disrupt the concert because of her sexy image and clothing. The R&B superstar's upcoming show is
      -AP; AFP  -  378 words
    • 2069 14 iep18 RM C000) \&M Realty \bricBhd \dvance Synergy \dventa Bhd \eMulti Hldgs \ffin Holdings \hmad Zaki Resou \ic Corp \irasia Bhd \kn Technology \lliance Financi \luminium Co \malgamated Ind \mmb Hldgs Bhd \mtel Holdings \mway Malaysia \nalabs Resource \ncom Berhad \nn Joo Resource \pex Healthcare \pm Automotive VndbBhd
      2,069 words
    • 822 14 -NYT [KUALA LUMPUR] Idyllic scenes of palm trees swaying over sandy beaches have long decorated brochures meant to lure tourists to Indonesia and Malaysia. But few visitors see the giant palm plantations away from the shore. Each year, the plantations produce millions
      -NYT  -  822 words

  • GREATER CHINA/INDIA
    • 733 15 -AFP It will maintain stimulus policies until manufacturing sector recovers [BEIJING] Despite fears of bubbles in China's property and stock markets, Beijing will maintain its stimulus policies and pump more money into the economy until its manufacturing sector recovers, analysts say. With
      -AFP  -  733 words
    • 650 15 -AFP [MUMBAI] India's central bank faces a tricky balancing act in fighting inflation expected to surge in coming months and keeping the country's fragile economic recovery on track, economists say. Central banks across the world are facing similar dilemmas after cutting interest rates
      -AFP; REUTERS  -  650 words
    • 517 15 -AP [HONG KONG] The death of Asia's richest woman two years ago has turned into a posthumous drama with a feng shui master fighting a family charity over her estate. Closing arguments will be made today in a court battle that mesmerised
      -AP  -  517 words
    • 284 15 Reuters [NEW DELHI] India wants the upcoming G-20 leaders summit to discuss ways of ensuring regulatory failures that led to economic crisis are prevented from recurring, its foreign secretary said on Saturday. "We hope the Pittsburg summit would address the issue of reforms
      Reuters; REUTERS  -  284 words
    • 1081 15 -AP [BEIJING] When the best job Mikala Reasbeck could find after college in Boston was counting pills part-time in a drugstore for US$7 an hour, she took the drastic step of jumping on a plane to Beijing in February to look
      -AP  -  1,081 words

  • ASIA-PACIFIC
    • 704 16 Bloomberg Talks come after CME signs on Blackßock, Pacific Inv as members NEW YORK] CME Group is in talks with banks including Goldman Sachs Group and Morgan Stanley to join a credit swap clearinghouse after signing Pacific Investment Management and Blackßock
      – Bloomberg  -  704 words
    • 541 16 -AFP, AP Yellow Shirts press Bangkok to secure heritage temple [BANGKOK] Supporters of fugitive former Thai premier Thaksin Shinawatra vowed yesterday to hold more protests, a day after rallying in Bangkok on the third anniversary of the coup that toppled their leader. The
      -AFP,; AP; REUTERS  -  541 words
    • 261 16 Bloomberg [NEW YORK] Citigroup CEO Vikram Pandit says the bank will restructure its Phibro energy-trading business as it faces what may be a US$lOO million payday for the unit's chief, Andrew Hall. "That business will be restructured and rationalised," Mr Pandit said
      Bloomberg  -  261 words
    • 388 16 -Reuters [NEW YORK] Microsoft Corp has approved a proposal to allow shareholders to vote on its executives' compensation, as US corporations' pay policies come under scrutiny in the wake of the financial crisis. Shareholders will be allowed to vote every three years on
      -Reuters  -  388 words
    • 427 16 -AP Deal threatens competition, will drive up prices unless revised, it says in filing [SAN FRANCISCO] The US Justice Department has advised a federal judge that a proposed legal settlement giving Google the digital rights to millions of out-of-print books threatens to thwart
      -AP  -  427 words
    • 315 16 Bloomberg [NEW YORK] John Thain, the former chief executive officer of Merrill Lynch who was accused of overspending on an office renovation as the broker teetered, said he should have bought less-expensive furniture at Ikea. "We decorated it in the style that
      Bloomberg  -  315 words

  • CLIMATE CHANGE
    • 1225 17 -NYT Talks for Copenhagen pact are stalled as pressure at home deters nations from taking lead in fighting for global emissions targets [UNITED NATIONS] ECONOMISTS point to powerhouse countries like India to illustrate the hurdles facing some 100 world leaders due to gather in
      -NYT; AFP  -  1,225 words
    • 995 17 -NYT [COPENHAGEN] Connie Hedegaard, Denmark's minister of climate and energy, feels little kinship with the green end of the political spectrum people who stage sit-ins at power plants or vote for the Green parties in elections. "I've never understood why the
      -NYT; AFP  -  995 words

  • AVIATION/SHIPPING
    • 611 18 But there's little relief for finances of airlines as average fares remain weak [PARIS] Airlines are at last beginning to fill vacant busi-ness-class seats in a sign that a slump in cross-bor-der trade is easing, an industry body said on Thursday. Latest July statistics
      AP  -  611 words
    • 419 18 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell 4.5 per cent last week on ebbing demand for iron-ore carriers. The index tracking transport costs on international trade routes slid for a sixth session last Friday, losing 34
      Bloomberg  -  419 words
    • 420 18 Bloomberg [NEW DELHI] 3i Group Pic, the London-based privateequity investor that has a US$l.2 billion infrastructure fund for India, is looking to make its third investment in a port as the nation's freight traffic exceeds capacity. "We like the space," said Anil
      – Bloomberg  -  420 words
    • TRANSPORT STOCKS
      • 112 18 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp Mercator Lines MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.69 0.33 1.23 0.66
        112 words
      • 31 18 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.97 9.00 9.05 3.10 unch unch 0.02 -0.13 0.10 0.04 unch unch 42 351 188 189 0 0
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      • 12 18 '00 ■recious Ship Jegional Cont 18.20 11.40 unch 0.10 3390 1555
        12 words
      • 6 18 '000 toil .41.90 -3.10 1891
        6 words
      • 22 18 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.00 22.25 unch unch -0.20 unch unch unch 3693 207 0 0
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      • 21 18 Evergreen Marine ....20.40 :irst Steamship 39.50 ManHai Lines 17.95 r"ang Ming Marine...13.15 -0.50 0.60 0.15 0.05 4 2 2 7
        21 words
      • 40 18 '000 (awasaki Hvy Ind ..231.00 (awasaki Kisen 395.00 Mitsubishi Hvy 358.00 i/litsuiEng&Sbldg...253.00 Mitsui Osk Lines 582.00 Nippon Express 369.00 Nippon Yusen 376.00 'iource: Thomson Reuters -3.00 ***** -4.00 4392 2.00 ***** -6.00 5026 6.00 ***** 1.00 6211 -3.00 7182
        40 words
    • 1927 18 5Q5328 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI 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),
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  • Page 18 Miscellaneous
    • 232 18 CRYPTIC CROSSWORD 27 Dissenting body holds 'unique selling point' in 8 Excited pigs need moving 24 Finally deliver cooked pie doubt 0) fast (8) it's ready to be eaten (4) 28 Big ones are usually impor- 13 Promising a flavour mixed tant dairy products (7) with hints of blackcurrant and
      232 words

  • DINING OUT
    • 608 19  -  Audrey Phoon GUEST CHEF The Harbour Grill Oyster Bar Level 3, Hilton Singapore 581 Orchard Road Tel: 6730 3393 EVEN as the Marina Bay circuit is being fixed up in preparation for the 2009 Singapore Grand Prix, the Peugeot team is already here
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    • 410 19  -  Ch&ah Ui-Hoon GUEST CHEF L 1 Atelier de Joel Robuchon Living In Style, Sept 22 to 27 Keppel Island Tel: 6735-6118/6733-2118 www. livinginstyle-international. com L'ATELIER de Joel Robuchon is so famed in Paris that the restaurant turns away some 300 diners every day. Three hundred?
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    • 638 19 SPECIAL MENU Gordon Grill Goodwood Park Hotel 22 Scotts Road. Tel: 6730 1744 THE degustation menu or a tasting menu specially created by the chef is usually the pinnacle of one's dining experience. But if you're not a jetsetting foodie who's used to lofty sticker
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  • Page 19 Advertisements
    • 82 19 —|A U X Y^M^BBBH^^t^^MM the Culinary Returning for Singapore GP Season Laurent Peugeot Guest Chef Laurent Peugeot returns this September at The Harbour Grill Oyster Bar L»-*j. _~^l with his innovative French Japanese cuisine. From $65 ++for lunch $165 ++for dinner W Culinary Master Class on Saturday 26 Sep Commemorative
      82 words

  • SINGAPORE STOCKS
    • 9146 20 Week ended: Sep 18 Hi. »-wks Tel Low Code Com| Sale C000) Hii Low Bu; rer Seller C'vr P/E $mil )an] 17 3 3148 STelecom 9.5 2.5 5834 A-Sonic 31.5 12 5000 ABR Hldgs 14.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 93
      9,146 words
    • 1752 21 High Low Code Company Sale COOO) High Low Buyer Seller C'vr P/E $mil 15.5 5 1181 s AAGrp 26 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 20 8.5 3518 s Afor 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,752 words
    • 434 21 Wk Tel Low Code Last Sale Vol C000) feek Low Lasi (uote Seller Div C'vr Net P/E Cap >mil Hi. Comi Hi. Bm 110 100 6389 ABF SG Bond ETF 776 427 CIMBAsean40 100US$ 274 149 DBS STI ETF 100 4195 3534 DBXT DJE5O 10US$ DBXTDJE50Sh 10US$ 3076
      434 words
    • 253 21 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
      253 words
    • 115 21 jtock name Close Change Stock name Close Change Stock name Close Change ipitaLand 3.650 -0.080 JMH 30.980 +0.840 SIA Engg 2.630 +0.030 1.790 -0.010 JSH 16.680 -0.620 SMRT 1.670 +0.010 ityDev 10.200 -0.180 Jardine C&C 24.520 -0.020 SPH 3.670 -0.040 imfortDelGro 1.620 Keppel Corp 8.390 -0.020
      115 words
    • 103 21 Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 9 2 0 0 0 7 9 2 Manufacturing 83 88 67 14 13 11 97 101 78 Commerce 28 38 20 35 41 27 r/O ms 15 22 17 23 Finance 17 15 17
      103 words
    • 119 21 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 300,691 300,691 422,682 422,682 lanufacturint 2,959,310 120,245 3,079,555 1,750,120 8,140 1,758,260 Commerce 928,738 190,329 1,119,067 488,104 57,881 545,985 'pt/Stor/Comms 915,092 37,249 952,341 1,148,611 9,883 1,158,494 :inance 189,974 45 190,019 1,071,804 1,071,808 Construction 437,555 358,014 795,569 144,920 9,359 154,279 'ro|
      119 words
    • 2671 21 'ransaction date: Sep 18 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day IONG KONG Vol ■poo HK$ \eon Stores \ngang Steel \nhui Conch \nhuiexpressway feia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing
      2,671 words
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    • 27 21 Insiders' trades. Brokers' recommendations. I Dividend table. The pages also cover I transactions by directors and substantial I shareholders. In other words, news you can use. I
      27 words

  • FINANCE & COMMODITIES
    • 368 22 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Sep18 World Index Preliminary 807.3 0.0 19.1 -0.1 21.7 -0.3 23.: EAFE Preliminai 770.2 -0.1 18.6 -0.3 24.8 -0.6 27.0 Euroi Prelim inan 1092.9 0.0
      368 words
    • 121 22 As at 9am Sep 18 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.2230 1.2600 .an dollar 1.3200 1.3360 luro 2.0750 2.0990 IZ dollar 0.9980 1.0190 iterlini ind 2.3150 2.3410 JS dollar 1.4080 1.4240 .ocal dollars to 100 units if foreign
      121 words
    • 154 22 Sep 18 Xterniqht 1/4 -month 7/16 -months 9/16 l-months 11/16 Overnight mode: 0.15 IS$ Offer 1/8 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.32 0.35 0.38 0.50 0.70 1.10 1.30 Offer 0.22 0.25 0.28 0.30 0.50 0.80 1.00
      154 words
    • 26 22 Sep 18 STI Se 2663 2663 2648 IIMSCI Se 321.1 321.8 316.7 "aiwan Se 273.8 275.1 274.1 Source: MF Global (S) He. Ltd
      26 words
    • 20 22 Sep 18 Bid Offer -month 1.4160 1.4180 1.4162 1.4183 {-months 1.4163 1.4184 >-months 1.4166 1.4188 Source: OCBC
      20 words
    • 60 22 Sep 18 lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low 3d 09 2206 2231 2245 2222 313 2292 \Jov09 2184 2200 2220 2184 3191 ***** 3ecO9 2175 2190 2210 2175 7580 ***** Ian 10 2184 2210 2210 2184 2398 6612 Total o/p:
      60 words
    • 287 22 Sep 18 URODOLLAR FUTURES 3ec09 VlariO un10 iep10 99.5400 99.3350 99.0050 98.6250 7593 4377 3138 1950 EUROYEN TIBOR FUTURES 3ec09 99.520 99.520 VlariO un10 >ep10 3ec10 \/lar11 Iun11 >ep11 99.510 99.510 99.540 99.535 99.520 99.480 99.395 99.335 99.335 360 50 50 150 50 50 5591 4146 2052
      287 words
    • 179 22 SeplB tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) O/l lots) 3d 09 MOV09 Dec 09 Ian 10 =eb 10 Vlar 10 219.0 219.0 218.5 218.5 218.5 218.5 407 525 867 771 451 574 FSR 20 (US cents/kg) Month High Low
      179 words
    • 87 22 Sep 18 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****X 17.12.2009 -Year BY*****W 03.05.2010 0.31 0.39 0.29 0.28 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year NX*****H 3.625 I-Year NX*****F 3.625 '-Year N*****0S 2.875 0-Year NX*****W 2.500 5-Year
      87 words
    • 99 22 Sep 18 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov09 941.00 953.00 958.00 936.00 Jan 10 945.25 956.25 961.00 940.75 Mar 10 946.50 955.50 960.50 942.00 May 10 943.75 951.50 957.00 940.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low 3d 09 34.68 34.55 35.25 34.41 Dec
      99 words
    • 75 22 CRUDE OIL PRODUCTS Sep 17 origin^ t/barrel Close Cham irent blend (1-Mth F) 71.92 2.11 WTI (Near Mth) 72.55 O.V iubai (1-Mth F) 70.82 1.8! "apis blend 75.55 2.3! i/linas 73.55 1.81 >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene S8.90 77.35 1.91 1.81 US$/barrel )pec Oil Basket Price
      75 words
    • 451 22 Sep 18 iuro 'en (on 'eso lam 'ouni Australia 0.930 5.917 0.591 6.716 41.798 84.055 0.790 10.467 3.018 1.224 71.906 41.317 1.228 6.472 0.895 28.118 29.216 0.531 0.867 Canada 1.075 6.361 0.635 7.220 44.935 90.363 0.850 11.253 3.245 1.315 77.302 44.418 1.320 6.958 0.963 30.228 31.408 0.571
      451 words
    • 69 22 Sep 18 mth 0.***** 0.***** mths 0.***** 0.***** 6 mths 0.***** 9 mths 1.***** 12 mths 1.***** mths 0.***** 0.***** mths mths 2 mths 0.***** 1.***** 1.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs 2.***** 7yrs 2.***** 10yrs 2.*****
      69 words
    • 147 22 Sep 18 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.2266 1.2288 0.8664 0.8667 Canadian dollar 1.3186 1.3211 0.9314 0.9318 luro 2.0766 2.0799 1.4667 1.4670 IZ dollar 1.0020 1.0048 0.7077 0.7087 Sterlinc 2.3093 2.3131 1.6311 1.6315 IS dollar 1.4158 1.4178 >$IUS$
      147 words
    • 136 22 Sep 18 GOLD (USS/oz) Se, 17 Se, 18 Hong Kong 1018.90 1010.50 London Sep 18 Sep 17 1011.40 1016.30 1012.20 1017.00 Source: Thomson Reuters CAST BAR (S$) Sep 18 Buying Sellini Kilobar "49,243.54" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz
      136 words
    • 63 22 Sep 18 iri iiuiii, yy.i (US$/tonne) Close Previous :ash 1884.00 months 1917.00 1933.51 1966.01 Copper, Grade A (US$/tonne) :ash months 6149.25 6175.00 6360.75 6385.00 .ead (US$/tonne) :ash months 2157.25 2185.00 2248.5I 2276.0I lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00 *****.01
      63 words
    • 75 22 Sep 18 (£/tonne) Close Prev Hii ih/Low Dec 09 2018 1977 2025/1967 War 10 2038 1991 2044/1985 Way 10 2059 2009 2066/2005 lul 10 2010 1972 2010/1961 IOFFEE (US$/tonne) Close Pev High/Low iepO9 1499 1510 1503/1490 Mov09 1513 1524 1522/1479 Ian 10 1535 1547 1545/1503 SUGAR (US tonne) White
      75 words
    • 2412 22 BONDS, WARRANTS EXTENDED SETTLEMENT Fel lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 >036 Advance SCT Ltd W*****9 3.5 0.5 1 1 15 87 12 4.71 1246 13.00 56 11 AscendasREIT.ES.0909 172 1756 Asiatic Grp (H) Ltd W*****2 4105
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  • Page 23 Advertisements
    • 2744 23 m The Business Times Shipping Times M ___rs^_j A WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M S^J^l W I'll aS'irrTPfn'^M'^jiwMß VTkTV lAf A M UAI I I MFC TEL *****588 (14UNES) FAX:*****163 |!3ffi^UU^j^K&y|^K|lgH V^_ JOH TIL: (07) *****23 FAX: (07)*****21 SUR lib (031) *****75 FAX: (031) *****14/ *****05 V
      2,744 words

  • Page 24 Advertisements
    • 3411 24 r^VHBBSQI^SSIHI In E EASTERN CAR LINER, LTD inH Si SJ J r///u I Iw^i \f-~L— 1 I specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I I BFiiTFWTm^^^M mU 1 1 1 1 1 I 1 1 1 r^^^^^^fTSpHLSERVICE^ AMX SERVICE C.nne<ting ECL SERVICE via MALTA
      3,411 words

  • BizIT
    • 519 25  -  WINSTON CHAI Owners declared they were going to sell mobile phone accessories By ILLEGAL products have always been barred from the show floors of the Comex tradeshow but the owners of the raided stall managed to slip under organisers' radar as they lied
      KEVIN LIM/THE STRAITS TIMES  -  519 words
    • 539 25 Reuters [NEW YORK] IT could be a rough holiday season for shareholders of Palm Inc as they wait to see if new smartphones can compete with the likes of Apple's iPhone, Motorola's new Cliq and the Blackberry. What had so far
      – Reuters  -  539 words
    • 360 25 Bloomberg [SAN FRANCISCO] Apple Inc said it rejected Google Inc's voice service for the iPhone because the application replaced a "core" function on the phone, according to a confidential reply Google gave federal regulators. "Apple believed the application duplicated the core dialer functionality
      – Bloomberg; BLOOMBERG  -  360 words
    • 611 25  -  ORCUN TEZEL <you say> By WHEN renowned futurist Michio Kaku gave his keynote speech at a conference during the opening of Fusionopolis in Singapore recently, he suggested that each new wave in technology created vast excess wealth. This then spawned a bubble on
      611 words
    • 353 25 Reuters [SAN FRANCISCO] The world's largest chip equipment maker, Applied Materials Inc, will lose its top chip equipment executive and reorganise its solar equipment business, the company said last Friday. Applied Materials has struggled as the bad economy has caused a severe drop
      Reuters  -  353 words
    • 327 25 Reuters [LONDON] Psychiatrists called on the government last Friday to address the soaring numbers of websites which promote anorexia and bulimia as a lifestyle choice rather than an eating disorder. Encouraged by social networking sites like Facebook and "thinspiration" websites, growing numbers of
      – Reuters  -  327 words
    • 698 26 Search giant continues to see robust growth for its Google Search Appliance (GSA) and paid Google Apps, reports ONG BOON KIAT DEMAND for Google Search Appliance (GSA) and Google Apps Premier Edition two key offerings in the US search giant's enterprise product stable is
      698 words
    • 674 26 [WASHINGTON] The head of the Federal Communications Commission plans to propose new rules that would prohibit Internet service providers from interfering with the free flow of information and certain applications over their networks, an official at the agency said on Saturday. The Federal Communications
      AFP  -  674 words
    • 720 26 ■AP [SAN FRANCISCO] The founders of the Internet calling service Skype appear to be scorching the earth in an effort to scuttle eßay's sale of the service. Last Friday, they filed another lawsuit related to the sale. Niklas Zennstrom and Janus Friis, both
      ■AP  -  720 words
    • <what's up>
      • 74 26 JAPANESE imaging and printing giant Canon is backing Singapore's quest for Olympics honours through a four-year sponsorship deal with the SNOC (Singapore National Olympic Council). By joining the SNOC's Official Partnership Programme, Canon aims to help raise the profile of local athletes and
        74 words
      • 64 26 THE best and most promising companies and products in the local technology sphere will be honoured at the annual SiTF (Singapore Infocomm Technology Federation) Awards. This year's award ceremony will be held at the Genexis Theatre in Fusionopolis on Sept 25. The guest-of-honour is
        64 words
      • 114 26 HEWLETT-PACKARD (HP) hopes to make its new notebook line the object of consumers' affection by combining high-end computing power with stylish design. The featherweight HP Envyl3 is only 0.8 inches thick and weighs a mere 1.69 kg. Encased in a aluminium and magnesium, the
        114 words
      • 102 26 ADVERTISERS, media agencies and research firms will have an easier time when it comes to tracking radio and TV content, thanks to a new Singapore Telecommunications service. The offering will allow businesses to record, monitor and manage live broadcasts from multiple television and radio
        102 words
      • 90 26 PHILIPS is adding a softer touch to its latest set of earphones by swapping soft gel for plastic. The company claims the new soft gel housing will make SHE97SO more comfortable to use as the earphones will mould to the shape of its owner.
        90 words
      • Article, Illustration
        100 26  -  WINSTON CHAI NOKIA hopes to "touch" the hearts of local music lovers with its new 5530 XpressMusic touch-screen phone. The handset is capable of delivering 27 hours of audio playback and comes with a 4GB (gigabyte) card for storing music and other media files. Consumers will be able to
        100 words