The Business Times, 28 September 2009

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf!i A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, September 28,2009
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  • 863 1  -  TEH SHI NING 9 of 12 required tax treaties have been signed; move out of grey list will spruce up image By [SINGAPORE] Singapore has now signed nine of the 12 tax treaties that it needs to get off the "grey list"
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  • MARKETS DIGEST
    • 49 1 >T Index 2,662.82 +14.91 1 COMP 1,217.39 -3.81 IIKKEI 225 10,265.98 -104.56 1ANG SENG 21,024.40 -599.05 ;et index 721.57 +7.90 JAKARTA COMP 2,444.58 -12.41 1ANILA COMP 2,821.34 +32.01 ;eoulcomp 1,691.48 -8.23 ;henzhenb 508.69 -14.40 IUMBAI IND 16,693.00 -48.30 )OW 9,665.19 -155.01 lASDAI 2,090.92 -41.94 ;&P 500 1,044.38 -23.92
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    • 29 1 11.75 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.234 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 Source: t
      11.75 Bloomberg  -  29 words
    • 44 1 IS$ (S$ per US$) 1.41 (US$/S$ per 1.600 2.26' EURO (US$,S$/E) 1.468 Foreign currency per US$ 2.08I S: 'EN 90.60 63.9I 3.469 2.44I IK$ 7.751 5.47I !AHT 33.63 23.7 1UPIAH 9,660 6,81 1ENMINBI 6.829 4.82 INDIAN RUPEE 48.09 33.9. 1.153 0.81 1.392 0.98:
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  • 781 1  -  SAMUEL EE SINGAPORE GRAND PRIX Hamilton wins a thriller but the biggest winner is Formula One By [SINGAPORE] An economic downturn and a race-fixing scandal were almost forgotten as roaring cars wrote another gripping story on Singapore's streets and reminded the world why Formula One
    YEN MENG JIIN  -  781 words
  • 727 1  -  EMILYN YAP Firm marketing shares in apartments; industry watchers still wary By [SINGAPORE] A new way of selling condominium units here has emerged amid the recent resurgence in the property market. Registered three months ago, Primespace Investments Pte Ltd is marketing "shares"
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 40 1 Ei^^Hi DINING OUT BizlT COMMENTARY YOUNG "^SsSSj LesAmis S'pore PC market TheG-20's INVESTORS'FORUM |H^ PSfs Marmalade Pantry to buck global decline coming out party Sustaining employee trust hKK£K|h page 21 page 28 page 2 in hard times page 12 tfpfwjli
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  • TOP STORIES
    • 748 2  - The G-20 's coming out party VIKRAM KHANNA COMMENTARY It takes over the mantle from G-7 and reflects the new realities better [SINGAPORE] NOW it's official, and in black and white. The Group of 20 (G-20) will be the world's economic steering committee, replacing the old all-rich club the G-7.
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    • 751 2  -  ANTHONY ROWLEY Japan ready to listen to China, looks to go along European lines Bv. in Tokyo FOREIGN ministers from China, Japan and South Korea meeting in Shanghai today will grapple with the possibility of a major change in the architecture of East Asian
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    • THREE-MINUTE DIGEST
      • 54 2 SINGAPORE has now signed nine of the 12 tax treaties that it needs to get off the "grey list" of the Organisation for Economic Cooperation and Development and onto the white. These treaties are compliant with the internationally-agreed tax standard on exchange
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      • 73 2 A NEW way of selling condominium units here has emerged amid the recent resurgence in the property market. Registered three months ago, Primespace Investments Pte Ltd is marketing "shares" in apartments to investors with at least $62,000 to spare. While Primespace says
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      • 58 2 FOREIGN ministers from China, Japan and South Korea meeting in Shanghai today will grapple with the possibility of a major change in the architecture of East Asian regional cooperation as a result of Japanese Prime Minister Yukio Hatoyama's proposal to launch an East Asian
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      • 56 2 SHARES of Singapore-based exhibition services firm Cityneon will resume trading tomorrow after a nine-month suspension. The resumption was made possible after its majority shareholder Star Publications reduced its stake in the company to meet the Singapore Exchange's mandate for a 10 per cent
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      • 43 2 NINE shipyards including four subsidiaries of Keppel Corporation and three units of SembCorp Marine have been slapped with 25 fines and warning letters for work safety violations, the Ministry of Manpower said. SINGAPORE NEWS, PAGE 9
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      • 58 2 THE future of Indonesia's powerful anti-corruption commission has been put under threat by what activists say is a concerted campaign to shut down progress made against entrenched graft. Lawmakers are expected to pass a law this week that would strip the independent Corruption Eradication Commission
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      • 49 2 CHINA yesterday formally launched an anti-dumping and anti-subsidy investigation into chicken parts imports from the US, two days after US lawmakers agreed to end a gag order that prevented the US from even considering importing Chinese cooked poultry. GREATER CHINA, PAGE 15
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      • 47 2 SINGAPORE'S PC market will grow this year even as the global PC market declines, according to a new forecast from Gartner Inc. However, the worst may be over for the PC industry, the technology research firm says. BIZIT, PAGE 28
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    • 604 2 Reuters American banks that helped clients hide money also targeted [CHICAGO] The US government is stepping up prosecutions of wealthy individuals dodging taxes through offshore accounts, with new cases expected to be made public "every couple of weeks", a top
      – Reuters  -  604 words
    • 908 4  -  ANDREW MARKS WALL STREET INSIGHT All eyes on Friday's key monthly jobs report after a poor week for stocks By in New York SEPTEMBER, and with it the third quarter, is fast coming to a close, and Wall Street's bulls
      AP  -  908 words
    • 439 4  -  SAMUEL EE SINGAPORE GRAND PRIX Five put down deposit for $798,000 Ferrari California By [SINGAPORE] The Red Dot Museum was awash in red Ferraris, that is. Last Saturday afternoon, Ferrari owners and well-heeled prospects sped down to Maxwell Road with exhausts screaming to
      PHOTOS BY CV CHEW  -  439 words
    • 586 4  -  NISHA RAMCHANDANI Paddock Club turns into a hot spot with celebrities around By [SINGAPORE] Race-goers seem to agree that the Formula One (Fl) Singapore Grand Prix ran a lot smoother this year. Spectators found it easier to get to, as well as get
      YEN MENG JIIN; HO PENG YEW/LIANHE ZAOBAO  -  586 words
  • Page 2 Advertisements
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    • 23 2 I Branchen Stars RIOA 21/D9/09 115,15 EUR IDB Platinum II DB Platinum IV I Double Joy Capital Guaranteed Fund RID 17/09/09 9,83 USD
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    • 1 2 S
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  • Page 3 Advertisements
    • 112 3 We've been waiting 10 years to say this. m 7 -J J*-' t We at Matterhorn would like to thank you for being Today, our position as a leading boutique with us over the last 10 years. We'd also like to thank Financial Services firm is because of you. Our
      112 words

  • Page 4 Advertisements
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      158 words
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  • COMPANY NEWS
    • 405 5  -  WINSTON CHAI Suspension ends after placement raised public float By SHARES of Singa-pore-based exhibition services firm Cityneon will resume trading tomorrow after a nine-month suspension. The resumption was made possible after its majority shareholder Star Publications reduced its stake in the company to meet the
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    • 668 5  -  OH BOON PING SO the state-owned enterprises are on the hunt for value investments again. Just last week, China Investment Corp (CIC) took strategic stakes in Indonesia's Bumi Resources and commodity trader Noble Group, while PetroChina completed its buyout of Singapore Petroleum Company.
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    • 331 5  -  JAMIE LEE By CAPITALAND'S joint casino project partner in Macau said that disagreements with its business partner New Cotai had led to delays in getting land-use approval. Capita Land which owns a 20 per cent stake in the US$2 billion Macao Studio City through a
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    • 385 5 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 of Communications
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    • 1141 7  -  CHEW XIANG Group president explains why he believed in the coal story By IN the end, Jade Technologies' "billion-dollar" coal mine with 24 million tonnes of high-quality coking coal turned out to be worthless. The stock then priced between 0.5 and 1.5
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    • 255 7 COMPANY MEETING PLACE DATE TIME Asiasons E 5 Shenton Way, #09-07 UIC Building, Singapore *****8 28-Sep 11.00am Falmac E SGX Auditorium 2 Shenton Way, SGX Centre 1. Level 2 Singapore *****4 28-Sep 10.30am Japan Land A E The National University of Singapore Society (NUSS), Suntec City Guild House,
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  • Page 5 Advertisements
    • 141 5 The art of service. We build our relationships on mutual trust and re- Singapore spect for both our clients and our staff. Phone +65 6415 3800, lgt.sg@lgt.com We are your reliable partner in Private Banking. Hong Kong Phone +852 2523 6180, lgt.hk@lgt.com Z7< gong 0s m ngapore and Wealth Asset
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  • SINGAPORE MARKETS
    • 639 6  -  R SIVANITHY STOCKS LAST Monday's column recommended that punters stay long but also stay nimble. In other words, "buy the dips but sell into strength" a recommendation that has been a central theme of this column over the past six to
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    • 502 6 AFP CURRENCIES [HONG KONG] Asian currencies ended last week mostly higher against the US dollar driven by increasing investor appetite for risk on the back of the global economic recovery. Japanese yen: The yen rallied to a 7.5-month high against the US dollar as
      AFP  -  502 words
    • 560 6 Payment (cts) Ex Books Pay date close date iTelecom Intl ax 1.185 25-Sep 29-Sep 190a .BR Hldi 1.000 07-Se; 09-Si 29-Se[ 6L Marine ak 3.000 280a 30-oa 10-Nov 6L Marine bh 1.000 280a 30-Oa 10-Nov lUsGrou Ltd ak 0.640 21-oa 230a 06-Nov Wi-Tech ak 0.500 03-Nov 05-Nov 18-Nov
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    • 364 6 AFP COMMODITIES [LONDON] Crude oil prices dived last week on fresh concerns about the pace of US economic recovery, while gold slid back under US$l,OOO per ounce on profit-taking. "It looks like there is a flood of money out of commodities," said Ellis
      AFP  -  364 words
    • 1446 6 Source: Reuters lompany name consensus no. ot t-orecasi mean i-n s recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Mlgreen Properties Ltd 2.09 2.45 11 6.51 17.97 1.20 1.16 ,RA Asset Mgt Ltd 2.00 2.00 2 7.50 11.47 1.03 0.85 .rmstrong Ind
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    • 4 6 WEEKLY
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    • 63 6 Sep 25 VALUE CLOSE BT OB/OS 151.00+99.00 BT CADI -*****.00+123.0 BT 10-day MA -*****.00+15.00 FTSE ST Mid Cap 624.51 +0.25 FTSE ST Small Cap 566.83 +7.88 FTSE ST All Share 658.31 -0.34 FTSE ST China Top 286.29 +2.27 FTSE ST China 294.47 +8.72 FTSE ST Catalist 1559.11
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    • 58 6 Gentim SP 559,922,000 Memstar 499,572,000 Golden irl 343,842,000 ChinaAniH 252,963,000 Lexicon Gr| 233,055,000 Sinomem Tech 209,562,000 Uni Envtech 208,406,000 Fortune Reit HK! 208,036,000 EcoWise 205,549,000 Oceanus 198,925,000 VALUE($) Gentim SP 642,159,583 Noble Gri 281,568,428 Sin' jTel 269,995,500 Wilmar 264,480,053 DBS Gr| 256,605,736 i Land 197,388,156 UOB 183,421,555
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    • 108 6 CLOSE UP ***** 464.4 3.3 DBXT Ni 10US! DBXT S&P Short 10US$ 5891 177.0 2.2 DBXTDJE50 10US$ 4314 168.5 2.8 OCBC Bk4.5%NCPS 100 9550 150.0 1.6 DBXT MSEuroi 10US$ 4146 113.3 2.0 STXPO 100 1442 112.0 8.4 HKLand 438 42.5 7.4 .sia Food&Proi 66 28.5 76.0 Mermaid 116 25.0
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    • 117 6 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 9770-218.0 -1.6 GLD 10US$ DBXT FTChina25 10US$ 2930-189.7 -4.4 China H 10US$ 1564 -99.1 -4.3 JMH 3044 -76.5 -1.7 OCC 3.93% NCPS10 7930 -70.0 -0.9 Omei |aNav 534 -57.0 -9.6 DBXT MSTaiwan 10US$ 1502 -41.1
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    • 82 6 Where S$ stands Sep 25 CHNG CLOSE FRSep24 YR2009 S$ LOW S$ HIGH USS 1.4151 -0.19 1.5579 1.4117 Euro 2.0820 0.22 2.0897 1.9150 Pounds 2.2700 0.74 2.4366 2.0356 AS 1.2320 0.24 1.2365 0.9453 Yen* 1.5706 -0.68 1.7278 1.4831 Rupiah* 0.***** -0.15 0.****** 0.***** Baht* 4.2110 0.00 4.3390 4.1040 Peso*
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    • 1538 8  -  TEH HOOI LING ALL our portfolios outpaced the blue chip Straits Times Index last week, with the one-year top losers portfolio being the super performer. That portfolio, which is also the best portfolio since inception in mid-October last year, surged by 9.6 per cent last
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    • 1369 8  -  ROBERT HALILI INSIDE MARKETS By THE buying remained low while the selling among directors plunged last week based on filings on the Exchange from Sept 21-25. A total of 12 companies recorded 22 purchases worth $3.4 million versus three firms with three
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  • Page 7 Advertisements
    • 199 7 THE SINGAPORE TURF CLUB pr6S6nts I^^ 1 mm SINGAPORE CHINESE ORCHESTRA I SINGAPORE SYMPHONY ORCHESTRA Parade Ring, Singapore Racecourse, Kranji j j I Hjl V Serenade your senses under the moonlight to the delightful tunes performed by the Singapore Chinese Orchestra and Singapore Symphony Orchestra. PROGRAMME HIGHLIGHTS 3 October 2009
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    • 232 7 mis EiTABUSHED 1896 O^cwtrrest a£ 7 to 10 October 2009 Jr* hL''''"\ MM Since 1810, Bavarians have been rejoicing in Oktoberfest, the world's largest folk festival held annually in Munich. Now celebrated internationally, it is more than just imbibing beer. Immerse yourself in true German culture at Bar Billiard Room
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  • SINGAPORE NEWS
    • 405 9  -  JAMIE LEE In all, 35 violations were uncovered after a weekend inspection by MOM By NINE shipyards including four subsidiaries of Keppel Corporation and three units of SembCorp Marine have been slapped with 25 fines and warning letters for work safety violations, the
      405 words
    • 650 9  -  JOYCE HOOI By SUSHI Tei might sell food that goes around in circles, but the conveyor belt sushi chain itself appears to be on an upward trajectory. As the chain celebrates its 15-year anniversary this month, its growth has progressed fairly smoothly, much like how plate
      ARTHUR LEE  -  650 words
    • 200 9 SEVERAL racing memorabilia signed by Scuderia Ferrari drivers Kimi Raikkonen and Felipe Massa including replicas of their 2009 helmets went under the hammer at a charity auction organised by Shell to raise money for The Straits Times School Pocket Money Fund. The auction raised
      200 words
  • Page 9 Advertisements
    • 90 9 V^ Beyond4oYears/ o Canada Japan USA China Brazil Taiwan France Thailand JjL Germany Mongolia mk UK Cambodia Switzerland Nepal Netherlands Vietnam Italy lndia t^®/S© W Spain I I Malaysia I M Egypt I Wa i IM Indonesia 5 Austria Philippines I Israel B t Singapore I f V Czech Republic
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  • VIEWS FROM THE TOP
    • 3108 10 THIS WEEK'S TOPIC Are the recent measures by the government to cool the property market appropriate and effective? Pauline Goh Managing Director CB Richard Ellis Singapore THE measures are aimed at cooling the market by lowering demand and increasing supply. On the demand side, the
      ARTHUR LEE  -  3,108 words

  • Page 11 Advertisements
    • 234 11 Illlll SiTF W AWARDS2009 Awarding the finest in ICT innovations iflH 25th September 2009 On behalf of the SiTF Awards 2009 Committee, we would like to extend our heartfelt thanks to our Guest-of-Honour, Ms Yong Ying-I, Chairman of Infocomm Development Authority of Singapore (IDA) and Special Guests for gracing the
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 975 12 Cutting jobs could affect long-term business growth, says TAY KAY LUAN THE one economic indicator that consistently shows an upward trend during the current global financial meltdown is the number of people made redundant. The scale of the redundancy poses a severe threat
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    • 793 12 CAMPUS LIFE Studying at Peking University gives NUS student RAYMOND SOON a fresh outlook on problem solving IT was August 2008 when I first arrived in Beijing, just days after the Olympic Games had ended and with the Chinese capital still in full Olympic fever. I
      APPLE DAILY  -  793 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
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  • 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.
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  • ECONOMY WATCH
    • 769 13 AFP Focus on areas such as salary and bonus caps may do more harm than good [PARIS] Banks, bonuses, tax havens and under-regu-lation caused the financial crisis and are the keys to reform. Not so, the OECD warns as the G-20 takes steps in such
      AFP  -  769 words
    • 414 13 Reuters [KUWAIT CITY] Kuwait does not see any benefit in linking its currency back to the US dollar, Kuwait's central bank governor said in published remarks yesterday. "We do not see a need or benefit in this stage, that
      Reuters  -  414 words
    • 448 13 -Reuters Not correcting them may lead to another crisis, he warns G-20 [FRANKFURT] The Group of 20 rich and developing nations must tackle global economic imbalances in its new role as the key international policy forum, European Central Bank president Jean-Claude Trichet said in comments released
      -Reuters; AFP  -  448 words
  • Page 13 Advertisements
    • 210 13 -"i jj IWl^iiiißiiiii^Tf^^i'l RHU a Sltytrax/IMne of tt.eM»r 2009 l^fl CATHAY PACIFIC A.ia Miles DRAGONAIR. Terms and conditions: *Only members who register before the first departing flight from Singapore, and travel within the promotion period will enjoy the Double Asia Miles and additional 1,000 Bonus Asia Miles. Offer is applicable
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  • MALAYSIA/INDONESIA
    • 683 14  -  PAULINE NG MALAYSIA INSIGHT IT'S an audacious idea that still attracts fierce debate. Not surprisingly, the plan bears the hallmark of maverick tycoon Tony Fernandes who, with his best buddy and Air Asia partner Kamarudin Meranun, has convinced other private sector individuals and the government
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    • 505 14 -AFP Parliament expected to remove its power to prosecute [JAKARTA] The future of Indonesia's powerful anti-cor-ruption commission has been put under threat by what activists say is a concerted campaign to shut down progress made against entrenched graft. Lawmakers are expected to pass a law
      -AFP  -  505 words
    • 449 14 Bloomberg [SINGAPORE] Palm oil may reach US$l,OOO a tonne if a global economic recovery pushes crude oil up to US$95 a barrel, said James Fry, managing director of LMC International Ltd, which tracks the world's main oilseeds. Vegetable oils, which are used as
      Bloomberg; REUTERS  -  449 words
    • 2087 14 VOL Cooo) Sep 25 RM A&M Realty Abric Bhd Advance Synergy Adventa Bhd Ae Multi Hldgs Affin Holdings Ahmad Zaki Resou Aic Corp Airasia Bhd Akn Technology Alliance Financi Aluminium Co Amalgamated Ind Ammb Hldgs Bhd Amtel Holdings Amway Malaysia Analabs Resource Ancom Berhad Ann Joo Resource Apex
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  • Page 14 Advertisements

  • GREATER CHINA
    • 478 15 Reuters Move made right after America imposed duties on Chinese-made tyres [BElJlNG] China yesterday formally launched an an-ti-dumping and anti-subsi-dy investigation into chicken parts imports from the US, two days after US lawmakers agreed to end a gag order that prevented the US
      – Reuters; AFP  -  478 words
    • 720 15 -AFP Peace Hotel to open, after 500 m yuan makeover, next year [SHANGHAI] Charlie Chaplin traipsed through its halls, Noel Coward finished his play Private Lives there and owner Victor Sassoon threw lavish parties for Shanghai's high-rollers. The Peace Hotel burned bright
      -AFP; AFP  -  720 words
    • 252 15 Reuters But smaller 10.6% drop points to corporate pick-up [BEIJING] Chinese industrial profits nationwide fell 10.6 per cent in the first eight months from a year earlier, the National Bureau of Statistics (NBS) said yesterday. The decline was narrower than the 22.9 per cent decline
      Reuters  -  252 words
    • 573 15 AFP [BEIJING] Liv Tongbo trudged through Beijing looking for transport as the city centre shut down to make way for an unusual sight a stream of colourful floats, student performers and missile-laden vehicles. "I live in the suburbs but the tube isn't stopping
      AFP  -  573 words
  • Page 15 Advertisements
    • 1082 15 <^ Swviber SWIBER HOLDINGS LIMITED (Unique Entity Number *****4721N) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 28 September 2009 issued by Swiber Holdings Limited. NOTICE IS HEREBY GIVEN
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  • INDIA
    • 587 16 -AFP PM Singh tells South African president he sincerely hopes deal will go through [NEW DELHI] Talks between India's top mobile firm Bharti Airtel and South Africa's flagship cellular group MTN may have to be extended due to new hurdles in their
      -AFP  -  587 words
    • 324 16 -AFP [NEW DELHI] India's core industrial sector grew by 7.1 per cent in August, its best performance this financial year, official data showed, boosting economic recovery hopes. The six key infrastructure industries grew by 7.1 per cent in August compared with 2.1 per
      -AFP  -  324 words
    • 763 16 ■AFP Recession is the best time to show their strength, say owners [MUMBAI] The Indian art world has been hit hard by the effects of the global economic downturn, but for a group of entrepreneurs in the financial capital Mumbai, there is
      ■AFP; AFP  -  763 words
  • Page 16 Advertisements
    • 2393 16 IN THE MATTER OF I I IN THE MATTER OF I I IN THE MATTER OF I I I I In the Matter of I INTHEMAnEROF THE COMPANIES ACT (CAP.SO) THE COMPANIES ACT (CAP.SO) THE COMPANIES ACT (CAP.SO) |N THE H|GH COURT OF THE REPUBLIC OF SINGAPORE The Companies Act
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  • ASIA-PACIFIC/WORLD
    • 724 17 -AFP USs37b project aims to connect 90% of homes with fibreoptic cable by 2017 [SYDNEY] From snowy mountains and sun-baked deserts to the steamy tropical north, Australia has begun wiring its vast expanse with a high-tech broadband network in a giant project being closely
      -AFP; AFP  -  724 words
    • 384 17 -AFP [PARIS] UN negotiations for a global climate treaty resume in Bangkok today, mired in a disputed draft text after summit-level talks failed to deliver hoped for breakthroughs. Just 10 weeks will be left before a showdown in Copenhagen that scientists say will be
      -AFP  -  384 words
    • 244 17 Reuters [SEOUL] The South Korean telecom regulator said yesterday that the country's three mobile service providers would lower mobile tariffs and other charges under a government initiative aimed at supporting households. Savings from the cuts would amount to 1.5 trillion won (551.79 billion)
      .- Reuters  -  244 words
  • Page 17 Advertisements
    • 53 17 v Bl^ J^S B"^:. ITSABOUTTIME# I I 50 SHOW-STOPPERS WOMEN I^S3h f CHIC CERAMIC I NEW TIMES, NEW LOOKS BLING JL A HARD FIGHT O ARE YOU GETTING WHAT YOU PA ISTlfllf. PREDICT US IffffiftSßlßßnißnl THE next bictrends i iconic wJ |rpu must have m^^tfg YOUR ATO ZIF DEFINITIVE NAMES
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  • WORLD
    • 628 18 LAT-WP Fed argues this will subject the central bank's decisions to political influence [WASHINGTON] It started more than a quarter-centu-ry ago as just another far-out idea from the decidedly outside-the-main-stream politician, Representative Ron Paul allow detailed congressional audits of some of the most
      ■ LAT-WP  -  628 words
    • 472 18 Bloomberg [LONDON] Car collectors spent 2.7 million euros (555.6 million) at an auction in France last Saturday, snapping up Ferrari and Mercedes-Benz models and passing up one of the earliest Bugatti racing cars. Bonhams sold 64 per cent of its 61 lots
      – Bloomberg; BLOOMBERG  -  472 words
    • 350 18 AP, Reuters [PORLAMAR, Venezuela] Seven South American nations on Saturday signed an agreement to create a Bank of the South with start-up capital of US$2O billion. The development bank has been touted by socialist Venezuelan President Hugo Chavez as a counterweight to US-influ-enced international
      – AP, Reuters  -  350 words
    • 455 19 Reuters They will have to work harder to attract customers, says ÜBS CEO [ZURICH] Swiss bank ÜBS said that new capital rules could put the country's financial industry at an international disadvantage as it struggles to rebrand itself after bank secrecy was relaxed. "It
      – Reuters; REUTERS  -  455 words
    • 345 19 Bloomberg [ZURICH] Oswald Gruebel, the chief executive officer of ÜBS AG, said the bank considers it a "moral duty" to make an offer for risky assets that were shifted to a Swiss National Bank-spon-sored fund. "I have said that we consider
      – Bloomberg  -  345 words
    • 165 19 Reuters [CHICAGO] Time Warner Inc will eventually sell the Time Inc magazine unit and could buy holdings in its core entertainment category, Gordon Crawford, its largest shareholder, said during a presentation last week. "Time Warner just spun off their cable division,
      Reuters  -  165 words
  • Page 18 Advertisements
    • 2318 18 GuocoLeisure Limited clnon'scourt 10' W^^& A Member of the Hong Leong Group 22 VICTORIA STREET (Continued in Bermuda as an exempted company) HAMILTON HM 12 (Co. Reg. No. EC*****) BERMUDA NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 48th Annual General Meeting of the Company will be
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  • Page 19 Advertisements
    • 262 19 El ?^M CELEBRATING MID-AUTUMN WITH MERITUS fc 4^ This mid-autumn festival, Marina Mandarin and Meritus Mandarin present tantalizing mooncake creations from the tk j^ traditional to the novel. -sy" a? Indulge in old-time classics and savour innovative creations such as Marina Mandarin's Mini Strawberry Snow Skin Mooncake jte with Cashew
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  • AVIATION/SHIPPING
    • 626 20  -  YEN SREENIVASAN Boom in low cost carrier ops fuels first monthly record since Dec last year By [SINGAPORE] Changi Airport saw a record number of scheduled flights in August, the first time it has hit a new peak since December last year,
      STEPHANIE YEOW/THE STRAITS TIMES  -  626 words
    • 652 20  -  By YEN SREENIVASAN [SINGAPORE] Singapore will be in a position manufacture aircraft within the next two decades. But whether it will actually do so will depend on national objectives, the business dynamics of the time and the partnerships which can be forged.
      652 words
    • 214 20  -  By YEN SREENIVASAN [SINGAPORE] The multiple-award winning Changi Airport has received another five awards, including four "Best Airport" titles, in September 2009. These awards were for Changi's excellence in airport facilities and services. Changi Airport was voted the "Best Airport in the World" by readers
      214 words
    • 2797 20 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:
      2,797 words
    • 232 20 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, advanced for the first time in more than two weeks as owners refused to accept lower rates. The index tracking transport costs on international trade routes rose 20
      – Bloomberg  -  232 words
    • TRANSPORT STOCKS
      • 130 20 '000 CH Offshore Chuan Hup Hldgs Cosco Corp :WT Ltd Ezra Hldgs rirst Ship Lease rreight Links j rand Banks lava Hold Ltd KlVentures <eppel Corp Vlercator Lines V1TQ Corp MOL Pacific Shipping Pan-United Corp Rickmers Man iamudera Ship iembcorp Indust iembcorp Marine ipore Ship itar Cruises 0.73 0.32
        130 words
      • 38 20 '000 nt'G Logistics MISC Bhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.97 9.19 8.90 3.07 unch unch 0.09 unch 0.22 0.03 unch unch unch 0.01 41 129 1393 586 0 0 1254
        38 words
      • 12 20 '00 'recious Ship Regional Cont 17.90 11.70 -0.20 -0.30 3884 2740
        12 words
      • 12 20 '000 Sep Soil iingamas Cont .41.10 ...1.44 -0.55 0.04 1162 6248
        12 words
      • 22 20 '000 Aboitiz Equity ntl Container Keppel Marine Keppel Prop 7.30 22.50 unch 1.00 0.20 0.50 unch unch 1227 1882 0 10
        22 words
      • 22 20 Evergreen Marine ...18.60 :irststeamship 38.00 /Van Hai Lines 16.95 rang Ming Marine ..12.25 -0.20 0.20 -0.05 -0.05 8 2 2 6
        22 words
      • 37 20 '000 :awasaki Hvy Ind...231.00 -7.00 5681 ;awasaki Kisen 370.00 -20.00 6249 Mitsubishi Hvy 348.00 -10.00 ***** Mitsui Eng&Sbldg ..251.00 -5.00 4043 Mitsui Osk Lines ....551.00 -17.00 ***** Jippon Express 367.00 -8.00 4254 JipponYusen 367.00 -11.00 6757
        37 words
  • Page 20 Miscellaneous
    • 370 20 CRYPTIC CROSSWORD Across I Writer revised arty tie-in for re- strictive institution (12) 2 3 4 5 6 8 Artist fashionable after good |iajj igjjj |bJJJ Ljjj ibjjH month at university (7) 9 Different custom widely 8 j 1 10 spread (7) _J _J II Move of one susceptible to
      370 words

  • DINING OUT
    • 648 21  -  Jaime Ec NEW MENU Les Amis 1 Scotts Road, #02-16 Shaw Centre Tel: 6733 2225 THERE comes a time in every chefs career when he or she wants to be known as more than just the chef at a famous restaurant, be it The French Laundry, Tantris,
      648 words
    • 577 21  -  Audrey Phoon NEW RESTAURANT Marmalade Pantry #03-22 lon Orchard 2 Orchard Turn Tel: 6734-2700 IF lon Orchard were a woman, it would have a pretty substantial booty. And we're not talking about the range of offerings that are available, but the crowds which
      577 words
  • Page 21 Advertisements
    • 538 21 DINE IN STYLE Embark on a sensory culinary experience with the White Card. Discover significant dining privileges all year round and gourmet delights at over 30 exquisite dining establishments. Get a taste of your preferred world that lets you dine in style, for less. RESTAURANT PRIVILEGES* —I I —v a
      538 words

  • SINGAPORE STOCKS
    • 9103 22 Week ended: Sep 25 52-wks Tel |h Low Code Last Sale Vol Week Last Quote Div GrYld Net ('000) Hiqh Low Buyer Seller C'vr P/E MCap $mil Hii Com| 17 3 3148 STelecom 9.5 2.5 5834 A-Sonic 31.5 12 5000 ABR Hldgs 15.5 5.5 1938 AEI Corp 8
      9,103 words
    • 1747 23 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 15.5 5 1181 s AAGrp 26 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 20 8.5 3518 s Afor. 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,747 words
    • 428 23 _Hm Low Code Comi Sale C000) _Hm _Buj Seller C'vr P/E M 110 100 6389 ABF SG Bond ETF 783 427 CIMBAsean40 100US$ 274 149 DBS STI ETF 100 4317 3534 DBXT DJE5O 10US$ DBXTDJE50Sh 10US$ 3076 1682 DBXTFTChina25 10US$ 5526 3228 DBXT FTVietnam 10US$ 2482 2246 DBXT
      428 words
    • 263 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      263 words
    • 103 23 .and 3.690 -0.010 lall 1.790 +0.050 10.160 -0.040 ■omfortDelGro 1.570 ■osco Cor| 1.220 -0.010 iBS Gr| 13.080 +0.120 :SN 3.900 -0.020 ientini SP 1.120 -0.040 iolden At iri 0.435 -0.005 KLand 4.380 +0.240 JMH 30.440 -0.880 JSH 16.800 -0.440 Jardine CSC 24.220 +0.260 il Con 8.380
      103 words
    • 95 23 Up Down Unch Up Down Unch Up Down Unch lulti Ind 10 3 5 0 0 0 10 3 5 lanufacturini 138 55 44 17 14 10 155 69 54 Commerce 50 13 21 59 17 25 >r/G ms 21 12 11 22 13 12 ■inance 16
      95 words
    • 117 23 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 294,748 294,748 345,407 345,407 Manufacturing 3,197,043 369,056 3,566,099 1,359,012 19,673 1,378,685 Commerce 1,094,522 266,434 1,360,956 850,565 97,715 948,280 ]t/Stor/Comms 767,400 139,444 906,844 850,677 42,816 893,493 Finance 170,490 48 170,538 705,820 705,824 Construction 402,325 94,329 496,654 168,334 3,825 172,159 Properties
      117 words
    • 2721 23 Transaction date: Sep 25 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 Vol '000 HK$ \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific !ank Of E Asia Jeida Jade Bird Jeijing Airport Jeijing
      2,721 words
  • Page 22 Advertisements


  • FINANCE & COMMODITIES
    • 360 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Se| 25 World Index Preliminan 793.8 -0.5 17.1 -0.5 19.3 -0.5 21.1 EAFE Preliminai 757.9 -0.8 16.8 -0.7 22.4 -0.7 24.7 Euro[ Preliminan 1073.1 -0.2 17.7 -0.5 24.2 -0.5 26.I Pacific 621.5
      360 words
    • 126 24 As at 9am Sep 25 of foreign currency: Currencies Bid Offer Aust dollar 1.2140 1.2510 Can dollar 1.2930 1.3080 Euro 2.0660 2.0890 NZ dollar 1.0020 1.0240 Sterlini ind 2.2500 2.2751 US dollar 1.4110 1.4270 Local dollars to 100 units of foreign currency: Currencies Bid Offer Chi
      126 words
    • 172 24 Sep 25 Overnight 5/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 5/16 US$ Offer 3/16 3/16 5/16 7/16 Bid 1 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.32 0.35 0.38 0.50 0.70 1.10 1.25 Offer 0.22 0.25 0.28 0.30 0.50
      172 words
    • 26 24 Sep 25 STI Se 2651 2664 2663 SIMSCI Se 320.0 320.9 319.2 Taiwan Se 267.4 268.9 268.9 Source: MF Global (S) Pte. Ltd
      26 words
    • 21 24 Sep 25 Bid Offer 1-month 1.4161 1.4181 2-months 1.4164 1.4184 3-months 1.4165 1.4186 6-months 1.4170 1.4191 Source: OCBC
      21 words
    • 61 24 Sep 25 Delivery Month Opening Range Sett Av Price Price Hii Vol Open Done Position Low Oct 09 2174 2235 2235 2172 699 1940 Nov09 2124 2201 2201 2121 2205 ***** Dec 09 2109 2186 2187 2106 7083 ***** Jan 10 2104 2177 2183 2104 1012 9019 Total
      61 words
    • 298 24 Sep 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec09 Mar10 Jun10 Sep10 99.6150 99.4150 99.0900 98.7200 7158 4773 3120 1675 EUROYEN TIBOR FUTURES Dec09 99.505 99.505 Mar10 99.535 99.535 Jun10 99.550 99.550 Sep10 99.505 99.505 Dec10 Mar11 Jun11 Sep11 99.505 99.530 99.535 99.505 99.505 99.535
      298 words
    • 184 24 Sep 25 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Oct 09 212.0 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 212.0 212.0 212.0 212.0 212.0 212.0 212.0 1 381 515 831 791 457 570 TSR 20
      184 words
    • 85 24 Sep 25 'eriod Issue code Maturity Yesterday's Bid Hii Day's |h Low l-Month BQ*****W 24.12.2009 -Year BY*****W 03.05.2010 0.33 0.39 30VERNMENT 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 NY*****H 3.000
      85 words
    • 101 24 Sep 25 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 09 926.00 919.50 931.75 916.00 Jan 10 931.00 924.50 936.00 920.75 Mar10 932.00 926.50 937.50 921.00 May 10 931.00 926.50 936.50 920.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 09 34.04 34.09 34.35 33.82 Dec
      101 words
    • 78 24 CRUDE OIL PRODUCTS Sep 24 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 65.43 -2.49 WTI (Near Mth) 66.00 -2.58 Dubai (1 -Mth F) 67.02 -2.57 Tapis blend 72.50 -1.85 Minas 68.80 -3.40 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 64.50 74.55 -2.10 -2.95 USS/barrel Opec
      78 words
    • 464 24 Sep 25 AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sir NTS Baht Pound us: Australia 0.947 5.925 0.591 6.725 41.721 83.815 0.786 10.292 3.010 1.208 71.985 41.053 1.229 6.487 0.893 28.134 29.175 0.542 0.868 Canada 1.056 6.254 0.624 7.099
      464 words
    • 77 24 Sep 25 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 1.***** 12 mths 1.***** SWAP
      77 words
    • 157 24 Sep 25 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2282 1.2304 0.8675 0.8678 Canadian dollar 1.2964 1.2988 0.9157 0.9161 Euro 2.0780 2.0812 1.4677 1.4679 NZ dollar 1.0165 1.0187 0.7180 0.7185 Sterlini ind 2.2654 2.2689 1.6001 1.600:
      157 words
    • 135 24 Sep 25 /oz) iep iep Hong Kong London 995.70 1008.20 996.70 Sep 24 Sep 25 999.15 991.30 999.95 992.30 Source: Thomson Reuters CAST BAR (Sj) Sep 25 Buying Sellim Kilobar "48,949.29" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1 oz
      135 words
    • 71 24 Sep 2S\ Co iri iiuiii, yy.i (USS/tonne) Close Previous Cash 1781.65 1805.50 3 months 1815.00 1839.00 Copper, Grade A (USS/tonne) Cash 3 months 5975.00 5990.00 5944.25 5960.00 Lead (USS/tonne) Cash 2158.00 3 months 2185.00 2144.25 2171.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash
      71 words
    • 76 24 Sep 25 (£/tonne) Close Prev Hii ih/Low Dec 09 2035 2015 2060/2007 Mar 10 2050 2031 2074/2027 May 10 2066 2048 2087/2041 Jul 10 2019 2007 2040/2001 COFFEE (USS/tonne) Close Pev High/Low Sep 09 1390 1389 1393/1382 Nov 09 1400 1400 1415/1381 Jan 10 1424 1426 1440/1400 SUGAR (US
      76 words
    • 2453 24 BONDS, WARRANTS EXTENDED SETTLEMENT rei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 >036 Advance SCT Ltd W*****9 Allgreen Properties.ES.0910 AscendasREIT.ES.0909 4 0.5 117 172 0.5 12 50 1 1 15 87 15 4.13 1067 15.00 56 11 S756
      2,453 words

  • Page 25 Advertisements
    • 2851 25 The Business Times mmmm Shipping Times A KPI WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M W £*^P^| mW*m ML%M aS^W/rPfn'rwMfOTmlfflffl V;„\ lAfAI.1 MAI I I MIT TEI_*****S88 (KLINES) FAX:6224H63 I MT A^B S^^^^I ilM^J^^^^B -HUmMB NnMRMN V\^^l I WAN HAI INI_.__) FKL TEL: <03) *****888 FAX: (03) *****283 PEN TEL:
      2,851 words

  • Page 26 Advertisements
    • 3293 26 r^VHEHHIi^BBiHI In c eastern car uner, ltd inn IjITFT^- i Pf—^—* specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I I HFiiTFWTnTiH^^M 1 1 1 1 1 I 1 1 1 P^^^^^ PCL/PHL SERVICE AMX SERVICE Connecting ECL SERVICE via MALTA I pSlff^^^^ T -^m^ L""_"'"
      3,293 words

  • BizIT
    • 567 27  -  WINSTON CHAI UK and US are the worst: Over 88% can't tell a genuine site from a fake one By REPEATED warnings by information technology (IT) security companies appear to have gone unheeded as more than three quarters of the online
      FILE PHOTO  -  567 words
    • <what's up>
      • 132 27 TAIWAN'S GIGA-BYTE Communication s Inc's first mobile phone foray into South-east Asia, the GSmart Sl2oo,aimsto entice gadget lovers with a slew of thematic interfaces. Among them is a nature-themed interface, dubbed Live Nature, which features a background that changes according to the weather and time.
        132 words
      • 76 27 JAPAN'S Wacom has launched the second-generation of its Bamboo line of interactive tablets. Used for navigating and operating computer software, Bamboo tablets offer multi-touch functionality and pen input in a single device. The new family comprises Bamboo, Bamboo Fun, Bamboo Pen and Bamboo Touch,
        76 words
      • 90 27 FUJITSU Asia has announced Singapore's first web portal dedicated to attention-deficit hyperactive disorder (ADHD) and childhood anxiety. Called ROC-N-ASH, it aims to promote and manage the mental well-being of children and adolescents; facilitate early detection and intervention; and encourage schools and care-givers to support
        90 words
      • 81 27 NETWORK security vendor Watch Guard has launched the 3G Extend USB, a device that adds 3G wireless connectivity to the vendor's range of security appliances. It is designed for businesses that need high-speed wide area network (WAN) connectivity where wired broadband is too expensive or
        81 words
      • 71 27 S'pore invention bags Frost Sullivan's award SINGAPORE invention Stickkey, a RFID (Radio Frequency Identity) sticker for contactless transactions, has bagged Frost Sullivan's 2009 Asia Pacific New Product Innovation Award. Stickkey developer First Innovations Asia (FIA), which has presence in more than 10 countries including the UK and New Zealand, said
        71 words
    • 314 27 PGK Media, KAI Square, XMI, Temasek Polytechnic and Immigration Checkpoints Authority (ICA) of Singapore topped their respective categories in the inaugural Singapore infocomm Technology Federation (SiTF) Awards last Friday. The award recognised the most innovative infocomm technology solutions developed in Singapore by multinational companies, local
      314 words
    • 545 27 Bloomberg PC maker will grow faster than broader IT market: CEO [SAN FRANCISCO] Hewlett-Packard Co chief executive officer Mark Hurd forecast "modest growth" in sales in 2010 and said customers are still considering how much to spend on information technology after paring back
      Bloomberg; REUTERS  -  545 words
    • 649 27  -  PRAKASH WAGH &lt;you say&gt; The benefits can be immense so organisations would do well to be more proactive By IN THE last century, the manufacturing industry saw many path-break-ing initiatives, from Henry Ford's famous assembly line innovation in early 1920 to the single-minute exchange of dies
      649 words
    • 722 28 Research firm Gartner says surging consumer demand in Singapore is fuelling growth, reports ONG BOON KIAT SINGAPORE'S PC market will grow this year even as the global PC market declines, according to a new forecast from Gartner Inc. However, the worst may be
      FILE PHOTO  -  722 words
  • Page 27 Advertisements

  • Page 28 Advertisements
    • 267 28 Once again. We are honoured to be presented with 12 awards by Asiamoney this year, in recognition of our market-leading capabilities and consistent innovation. Be it in Capital Markets, FX, Cash Management or Private Banking, we continually seek to break new ground. True to our pioneering roots, we brought you:
      267 words
  • Page 28 Miscellaneous