The Business Times, 5 October 2009

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES ssi.oo online at http://www.businesstimes.com.sg Sf^l A SINGAPORE PRESS HOLDINGS PUBLICATION co regn no *****2868E mica (p) 123/08/2009 Monday, October 5,2009
    23 words
  • 293 1 [SINGAPORE] Labour chief Lim Swee Say wants the government to send a clear signal to employers that the Jobs Credit scheme is not here to stay. By doing so, it would signal to employers that the wage subsidy scheme is for
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  • 635 1  -  OH BOON PING Investors cautious as valuations have risen sharply By [SINGAPORE] September did not work its curse on investors' risk appetite this year. During the month, the Straits Times Index closed at 2,672.57 points up from 2,592.9 at the end of August.
    AP  -  635 words
  • 1042 1  -  GENEVIEVE CUA But firms head to Brunei to do so, citing favourable tax treatment, among others By [SINGAPORE] Concern over the adequacy of their employees' retirement savings is driving a number of employers here to set up corporate pension schemes. The schemes typically supplement
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 53 1 COMMENTARY BizlT RI^TVWI VIEWS FROM DINING OUT /^7^% Analysts need HP steps up drive |T *V j THE TOP New Italian Tp if to get real to woo Sun customers -^*4^ Why talent retention in town i >Tr^' i f J> PAGE 7 PAGE 28 ilj His vital PAGES 10-11
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  • TOP STORIES
    • 435 2  -  GENEVIEVE CUA IRAS urged to review restrictions under section 5 of Income Tax Act By [SINGAPORE] Companies with corporate pension schemes approved by the Singapore tax authority are stuck in an ironic predicament. Thanks to outdated regulations, their investment options are shrinking
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    • 475 2 Let's give confidence back to investors, shareholders, he says [ISTANBUL] Prince Alwaleed bin Talal, a big investor in Citigroup, urged the US government to sell its stake in the bank as soon as this year to boost investor confidence, Emerging Markets
      FILE PHOTO  -  475 words
    • THREE-MINUTE DIGEST
      • 58 2 CONCERN over the adequacy of their employees' retirement savings is driving a number of employers here to set up corporate pension schemes. The schemes typically supplement the contributions that the employers continue to make to employees' CPF accounts. Effectively, some employers actually contribute substantially
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      • 54 2 SEPTEMBER did not work its curse on investors' risk appetite this year. During the month, the Straits Times Index closed at 2,672.57 points up from 2,596.39 at the start of September. But the gains were patchy, tempered by weakness in the final weeks
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      • 90 2 COMPANIES with corporate pension schemes approved by the Singapore tax authority are stuck in an ironic predicament. Thanks to outdated regulations, their investment options are shrinking at a time when investment choices for cash and even the CPF Investment Scheme are proliferating.
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      • 94 2 AFTER showing signs of fatigue, Singapore investors perked up in April-June to snap up more stocks on Wall Street, contributing to its best quarter since December 1998. Singapore investors proved to be the most upbeat among Asians in the US stock
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      • 88 2 ASIA-PACIFIC merger and acquisition activity outperformed that in the rest of the world, according to a mergermarket analysis of deals in the year to Sept 30. Global deal values are at their lowest levels since 2003, but "the general consensus seems to be
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      • 81 2 K-REIT Asia, which last week announced its one-for-one rights issue, has illustrated the dilutive impact of the issue on the trust's distribution per unit as well as net asset value per unit in a circular to unitholders issued over the weekend. Following the
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      • 55 2 CO-OPERATIVES are rarely thought to be good money-spinners. The current recession, however, has cast a new spin to their story while most firms have seen revenue and profits dwindle, many co-ops here are proving their resilience as they continue to report increased turnover and
        55 words
      • 87 2 AFTER raising US$54 billion of equity this year to ride out the financial crisis, banks in Asia are likely to tap markets for billions more as the Group of 20 rich and developing nations move towards tightening capital requirements for global lenders. Although
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    • 855 2 Kirn Jong II made the remarks during China premier's visit [PYONGYANG, North Korea] China's premier met with North Korean leader Kirn Jong II yesterday at the start of a state visit, amid signs the North may be willing to restart talks
      REUTERS  -  855 words
    • MARKETS DIGEST
      • 56 2 Weekly 2,604.53 lange -58.29 >T Index 1 COMP 1,206.25 -11.14 IIKKEI 225 9,731.87 -534.11 JANG SENG iO, ,375.49 -648.91 ;et INDEX 724.56 +2.99 JAKARTA COMP 2,479.85 +35.27 1ANILA COMP 2,820.03 -1.31 ;eoulcomp 1,644.63 -46.85 ;henzhenb 502.80 -5.89 IUMBAI IND 17,134.55 +441.55 )OW 9,487.67 -177.52 IASDAI 2,048.11 -42.81 ;&P 500
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      • 29 2 SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.146 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source: Bloomberg
        Bloomberg  -  29 words
      • 44 2 IS$ (S$ per US$) 1.416 (US$/S$ per 1.588 2.248 EURO (US$,S$/E) 1.454 Foreign currency per US$ 2.058 S$ 'EN 89.40 63.10 3.478 2.457 7.750 5.475 !AHT 33.50 23.66 lUPIAH 9,645 6,813 1ENMINBI 6.826 4.822 INDIAN RUPEE 47.63 33.65 1.153 0.815 IZ$ 1.404 0.991
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    • 548 4  -  CHUANG PECK MING S'poreans top Asian investors with a USs3.4b net purchase of US equities, according to Treasury data By [SINGAPORE] After showing signs of fatigue, Singapore investors perked up in April-June to snap up more stocks on Wall
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    • 1179 4  -  ANDREW MARKS WALL STREET INSIGHT Key gauges point to wobbly path for economy's recovery By in New York THE third-quarter corporate earnings reporting season is about to hove into view this week, and Wall Street's bulls are hopeful that the latest
      BLOOMBERG  -  1,179 words
  • Page 2 Advertisements
    • 245 2 ÜBS (Lux) Institutional Sicav Investment company with variable capital (Societe d'lnvestissement a Capital Variable) 33A avenue J.F. Kennedy, L-1855 Luxembourg, Botte postale n°9l, L-2010 Luxembourg R.C.S. Luxß *****7 T.V.A. :LU*****928 NOTICE TO THE SHAREHOLDERS OF ÜBS (Lux) Institutional SICAV Asian Consumption The Board of Directors of ÜBS (Lux) Institutional SICAV
      245 words

  • Page 3 Advertisements
    • 101 3 1 Congratulations to Diamond Offshore Drilling Limited on the latest addition of a second unit of 6* generation Friede Goldman ExD Millennium Class Design ultra-deepwater dynamic positioning q^l_^ f^ semi-submersible to their fleet mm* nf comi ci ihmorcihlo rinc /ffl ttPm Aw A R D innovation Ul OGlllroUUMlClolUlG liyo. 2007W[nner
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  • Page 4 Advertisements
    • 215 4 JACKPOT 1*1,500,000TODAY! Sales Close at 6pm Draw at 6.30pm at PoMo k=LAYi Always play with care. Towards Community W^mM r^sPoreMyr Do not bet illegally. Purpose and Benefit J~J RCBRegNo:I96BOO2O2G fj^^\ Planning your group retreat? Be it corporate incentive, jgj^ conference packages, teambuilding, free easy..... Book your group retreat with us
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    • 76 4 INSURANCE EDUCATIONS CLAIMS CONSULTANTS PTE LTD "Serious Insurance Claims demand Professional assistance" You expect insurers to settle claims speedily, adequately, and reasonably. Do you experience this? Burden of proof of loss lies with you, the Insured. Can you enable it satisfactorily? Are your legitimate claims cut down arbitrarily? You may
      76 words

  • COMPANY NEWS
    • 411 5  -  LYNETTE KHOO By TRUMP Dragon Distillers Holdings has entered into memoranda of understanding to acquire two other distillers in China Ruyang Dukang Distillers Group and Yichuan Dukang Distillers Group. The cash consideration will be not more than 607 million yuan (*****.9 million) in
      411 words
    • 255 5 [MUMBAI] Standard Chartered's talks to buy assets in China, India and Malaysia from UK rival Royal Bank of Scotland (RBS) have collapsed due to differences over valuation, two people familiar with the matter said. Reuters reported in August that Asia-focused Stanchart was in
      255 words
    • 279 5 COMPANY MEETING PLACE DATE TIME Pertama Hldgs A 315 Outram Road, #01-01/02 Tan Boon Liat Building, Singapore *****4 06-Oct 10.30am Tat Hong E The Boardroom, The Fullerton Hotel, Singapore, Lower Lobby, 1 Fullerton Square, Singapore *****8 06-Oct 11.30am ASA Grp E Chartroom, Level 2, Raffles Marina Club, 10
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    • 491 5  - Asia-Pac mergers acquisitions outpace rest of world CHEWXIANG Global deal values lowest since 2003 but likely to pick up towards year-end By ASIA-PACIFIC merger and acquisition activity outperformed that in the rest of the world, according to a mergermarket analysis of deals in the year to Sept 30. Global deal
      BLOOMBERG  -  491 words
    • 487 7 NAY per unit as at Dec 31, 2008, would also slide, the trust tells unitholders K-REIT Asia, which last week announced its one-for-one rights issue, has illustrated the dilutive impact of the issue on the trust's distribution per unit (DPU) as well as
      487 words
    • 830 7  -  YEN SREENIVASAN EARLIER this year, several research houses issued reports on listed premium property developer SC Global, warning that the company faced "severe solvency risks". One house, in March, downgraded SC Global's price target to 30 cents. Another, in May, slapped SC Global with a
      830 words
    • 383 7 Oct 2 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
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  • Page 5 Advertisements
    • 492 5 WE ARE DIFFERENT! j_ mJik 1-92% °f our sa'es are generated from import §Hr substitution products in the PRC sf^ 2. Our market is growing increasing new uses jjp and applications developed for our products V^ JBr^ 3. We have proprietary technology and know- mm how with 10 patent a
      492 words

  • SINGAPORE MARKETS
    • 672 6  -  R SIVANITHY STOCKS IT'S difficult to see any new market driver emerging this week to displace Wall Street, the US market having emerged from China's shadow over the past three to four weeks to reassert its authority on sentiment in markets around
      672 words
    • 457 6 -AFP COMMODITIES [LONDON] Gold prices rebounded above US$l,OOO last week and base metal futures mostly fell as economic recovery hopes stalled, traders said. World oil prices won support on heightened tensions between major crude exporter Iran and the West. Among soft commodities, sugar
      -AFP  -  457 words
    • 564 6 'aymerri (cts) Ex Books date close Pay date iTelecom Intl ax 1.185 25-Sep 29-Sep 19-Oct 6L Marine ak 3.000 28-Oct 30-Oct 10-Nov 6L Marine bh 1.000 28-Oct 30-Oct 10-Nov lUsGroup Ltd ak 0.640 21-Oct 23-Oct 06-Nov Wi-Tech ak 0.500 03-Nov 05-Nov 18-Nov jest World Intl 1.200 24-Se[ 28-Se|
      564 words
    • 434 6 Reuters CURRENCIES [NEW YORK] The US dollar fell against most major currencies on Friday after a weaker-than-expected jobs report reinforced expectations that US interest rates will stay near zero for some time. US employers cut 263,000 jobs in September, far more
      – Reuters  -  434 words
    • 1341 6 Source: Thomson Reuters consensus no. ot i-orecasi mean i-n s recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name \llgreen Prop perties 2.09 2.09 11 6.51 17.36 1.27 1.0! ,RA Asset Mi 2.00 2.00 7.50 10.93 1.03 0.8i .rmstroni ndustrial Cor|
      Thomson Reuters  -  1,341 words
    • 4 6 weeked
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    • 59 6 Oct2 VALUE CLOSE IT OB/OS -874.00-291.0C IT CADI -*****.00-369.0i IT 10-day MA -*****.00 -88.0' TSE ST Mid Cap 601.95 -12.21 TSE ST Small Cap 522.44 -16.91 TSE ST All Share 640.35 -13.4! TSE ST China Top 268.71 -6.7: TSE ST China 280.99 -6.0 TSE ST Catalist 1334.56
      59 words
    • 59 6 VOLUME Gentinq SP 415,017,000 Golden Agri 328,722,000 Memstar 271,010,000 Great Group 243,211,000 ChinaTaisan 196,700,000 Sapphire 187,040,000 ChinaNTown 184,726,000 EcoWise 179,471,000 MAP Tech 177,402,000 Gentinq SP R 171,408,000 VALUE(S) Wilmar 612,571,649 Gentinq SP 459,214,330 Sing Tel 363,201,282 DBS Grp 314,398,060 Noble Grp 264,901,334 SGX 239,047,950 Capita Land 214,631,450
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    • 108 6 CLOSE UP 4561 570.3 9.7 DBXT MSKorea 10US lUE 1450 515.0 55.1 DBXT Ni 10US$ ***** 345.3 2.3 ICBC Bk4.5%NCPS 100 9800 250.0 2.6 DBXT S&P Short 10US$ 6012 171.2 2.1 ICBC Bk5.1%NCPS 100 ***** 76.0 0.8 IMH 3090 65.1 1.5 DBXT MSTaiwan 10US$ 1547 63.7 3.0 ISH 1720
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    • 109 6 CLOSE DOWN 5227-319.8 -4.1 DBXT FTVietnam 10US DBXT FTChina25 10US$ 2832-138.7 -3.3 STXPO 100 1314-128.0 -8.9 DBXTDJE50 10US$ 4226-124.5 -2.0 DBXT MSEuroi 10US$ 4076 -99.1 -1.7 ir China H 10US$ 1498 -93.4 -4.2 JardineC&C 2356 -66.0 -2.7 Wilmar 611 -64.0 -9.5 Kei Con 781 -57.0 -6.: Great Eastern 1338
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    • 84 6 Wh lere S! stani ids 0O2 CLOSE CHNG FR0O1 YR2009 S$ LOW S$ HIGH uss 1.4163 -0.39 1.5579 1.4082 Euro 2.0621 -0.28 2.0897 1.9150 Pounds 2.2533 0.28 2.4366 2.0356 1.2270 1.18 1.2433 0.9453 ren* 1.5845 -1.05 1.7278 1.4831 Rupiah* 0.***** -0.23 0.****** 0.***** Baht* 4.2278 -0.34 4.3390 4.1040 Peso*
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    • 1424 8  -  TEH HOOI LING ALL our portfolios were routed last week, falling by an average of 7.5 per cent. In comparison, the Straits Times Index fell 2.2 percent. This is the most severe decline experienced by our portfolios in more than three months. Again,
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    • 1302 8  -  ROBERT HALILI INSIDE MARKETS Significant buyback activity seen in Hup Steel and Global Testing Corporation By THE trading by directors remained low last week with 12 companies that recorded 29 purchases worth $9.5 million and seven firms with eight disposals worth $4
      1,302 words

  • Page 7 Advertisements
    • 68 7 Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg I I *;ißtov^fc?11 Hong Seh Motors Pte Ltd Official Maserati Importer, Singapore Wf Head Office: 10 Fourth Lok Yang Road Singapore *****7 MsFVr City Showroom: 390 A Havelock Road #01- 06/08 Waterfront Plaza Singapore *****4 wjf Showroom hours: Monday
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  • SINGAPORE NEWS
    • 677 9  -  FELDA CHAY They maintain dividend payout even as recession hits other businesses By CO-OPERATIVES (co-ops) are rarely thought to be good money-spinners. The current recession, however, has cast a new spin to their story while most firms have seen revenue and profits dwindle, many
      677 words
    • 291 9  -  YEN SREENIVASAN By GOLF Digest Singapore has been appointed the official magazine of the 2009 Barclays Singapore Open for the second consecutive year. With a total prize money of US$5 million, the Barclays Singapore Open is the Asian Tour's richest golf tournament
      291 words
    • 502 9  -  TEH SHI NING By AS the global economy slowly recovers, Swiss Re's chief economist Thomas Hess thinks that Asia's insurance industry will benefit from the upswing in the assets market, and that the doors to acquisitions will soon be flung open. Mr Hess
      BLOOMBERG FILE PHOTO  -  502 words
    • 590 9  -  SIOW LI SEN COMMENTARY To excuse her behaviour on account of her youth is an insult to all the young people who still believe in honesty and integrity THE BT newsroom last week, as in many other offices all over Singapore, had its
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  • Page 9 Advertisements
    • 208 9 Lianhe Zaobao ■■JfTTf^fc BC'Mr^Zm?^P rltt^mtmltfiik^M V/^~ I f( ft H^V /^^^■^H^^^^ri /^^'iT I^*' —-^jjf?"*1 rfh- i^^ ijiiiimiii i._ gX^|*y^|ij Set off on a royal homecoming with all-new daily flights to Hyderabad from 20 October 2009, in addition to existing flights to Coimbatore, Kochi M and Thiruvananthapuram. Book your ticket at
      208 words

  • VIEWS FROM THE TOP
    • 4762 10 THIS WEEK'S TOPIC What are the key workforce-related issues that affect Asia-focused organisations today? What are some of your key 'people-strategies' for Asia? Charles M Ormiston Director Bain Company I THINK it would be difficult to exaggerate the enormous people-development challenges facing Asia. The gap between
      STOCK.XCHNG; FILE PHOTO  -  4,762 words

  • Page 11 Advertisements
    • 140 11 ©O p j Q j n us tQ f ur ther the discourse on managing and £q developing human capital for Asia, in Asia. Re s or> Tne Singapore Human Capital Summit 2009 illustrated three things *T^ in my view a wealth of knowledge and research in the area of
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    • 50 11 Asian Human Capital Award 2010 Conferred by the Singapore Manpower Ministry, INSEAD and CNBC Asia, the Award honours innovative and impactful people practices by organisations in Asia. The 2010 Award is now open for nomination. For more information, visit www.singaporehcsummit.com CONFERRED BY: r§f S JXX!SSI& INSEAD jffb VV\J v CNBC
      50 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 965 12 Singaporeans have to develop the skills, knowledge and motivation needed to operate in foreign markets. By JULIAN ONG and ANDRE HAN DO I have the skills necessary to be successful in my job? Do I have what it takes to be a world-ready employee? Am
      965 words
    • 634 12 CAMPUS LIFE 300 participants from universities in US, Europe and Asia attend AIBC, report MARCUS AW and ENG PINGNI THE inaugural Asia Investment Banking Conference (AIBC) took place on Sept 23-24 at the Singapore Management University (SMU) campus. Students from the London School of Economics
      634 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
    • 982 13 Reuters Lenders in India, Australia, may also need to raise more equity, analysts say [TOKYO] After raising US$54 billion of equity this year to ride out the financial crisis, banks in Asia are likely to tap markets for billions more as the Group
      – Reuters; I AFP  -  982 words
    • 609 13 Reuters [WASHINGTON] The US solar energy industry hopes to persuade customs officials to reverse a decision to impose a 2.5 per cent tariff on solar panel imports after more than two decades of duty-free trade in the product, an industry official said
      – Reuters; AP  -  609 words
    • 773 13 Reuters Massive injections of liquidity help support bond sales [LONDON] Abundant liquidity and low yields have helped keep cash-strapped eurozone sovereigns' debt issuance plans on track so far in 2009 but signs are emerging that investor appetite may be reaching its
      – Reuters  -  773 words
    • 202 13 Reuters [JOHANNESBURG] China overtook the United States as South Africa's biggest export destination in the first half of 2009, reinforcing the Asian country's push to build trade links with Africa. South African Trade and Industry Department data also showed on Friday China replaced
      – Reuters  -  202 words
    • 435 13 -IHT [PAßlS] Fears that countries would resort to protectionism during the recent financial upheaval have proved largely unsubstantiated so far and trade officials will use the coming months to overcome the remaining issues blocking a global trade deal, the chief of the World Trade
      -IHT  -  435 words

  • MALAYSIA/INDONESIA
    • 615 14 -AFP Others say it's divine punishment for sins of Padang youths [JAKARTA] Some superstitious Indonesians are blaming a supposedly "unlucky" president and not shifting tectonic plates for the latest earthquake in this disaster-prone country. President Susilo Bambang Yudhoyono, popularly known by his initials SBY, has
      -AFP  -  615 words
    • 519 14 [JUMANAK, Indonesia] With no outside help in sight, villagers used their bare hands yesterday to dig out rotting corpses, four days after landslides triggered by a huge earthquake obliterated four hamlets in western Indonesia. Officials said that at least 644 people were buried and
      AFP; -AP  -  519 words
    • 575 14  - Najib his debut budget S JAYASANKARAN MALAYSIA INSIGHT He must be tough on wasteful govt spending THE good news is that Malaysia seems to be getting out of the woods. The bad news is that both its debt and budget deficit remains high. For the first part, listen to central
      575 words
    • 2063 14 let 2 RM Cooo] A& M Realty 0.70 AbricBhd 0.25 advance Synergy 0.15 Adventa Bhd 1.55 AeMuIti Hldgs 0.16 Win Holdings 1.92 Ahmad Zaki Resou ....0.90 AicCorp 0.39 Airasia Bhd 1.38 Akn Technology 0.11 Alliance Financi 2.50 aluminium Co 1.05 Amalgamated Ind ....0.45 tamb Hldgs Bhd 4.36 Amtel
      2,063 words
  • Page 14 Advertisements
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  • GREATER CHINA/INDIA
    • 743 15 Reuters Analysts expect it to shift its focus to smaller targets in Africa, Middle East [NEW DELHI] Bharti Airtel's bold expansion plans are unlikely to be dimmed by the second breakdown over a US$24 billion deal with South Africa's MTN but the Indian
      – Reuters; REUTERS  -  743 words
    • 471 15 Reuters [BANGALORE] The coUapse of tie-up talks between Bharti Airtel and MTN is expected to be only a temporary setback for Sunil Mittal, who has come a long way from selling bicycle parts to creating India's top mobile firm. After the
      – Reuters  -  471 words
    • 383 15 Reuters [KUALA LUMPUR] China is the next big Islamic finance market, as demand grows for ethical funds, but Asia's fastest-growing economy must first sort out tax issues, a unit of British insurer Prudential said on Friday. A large Muslim population and
      Reuters  -  383 words
    • 368 15 Strong buying likely from mainland on stock market rally [HONG KONG] Collectors are expected to spend a combined HK$7BO million (*****.6 million) at Hong Kong's first major art sale since the one-year anniversary of the collapse of Lehman Brothers, said Sotheby's,
      AFP  -  368 words
    • 685 15 Reuters Towns face labour shortages, while job centres' activity rises [DONGGUAN, China] After a crisis that sparked mass layoffs in China's export hubs, factories in manufacturing heartlands such as the Pearl River Delta are on the hunt for migrant workers again as
      Reuters  -  685 words
    • 263 15 J_ Bloomberg [HONG KONG] Glorious Property Holdings Ltd fell as much as 20 per cent on its first day of trading in Hong Kong, the fifth straight debut slump for an initial public offering in the city. The stock dropped 15 per cent to
      — _ J_ – Bloomberg  -  263 words

  • ASIA-PACIFIC/WORLD
    • 495 16 Bloomberg [TOKYO] Shoichi Nakagawa, who resigned as Japanese finance minister in February amid accusations of drunken behaviour during an international conference in Rome, was found dead in his Tokyo home today. He was 56. Mr Nakagawa lost his parliamentary seat in Aug 30 elections that
      – Bloomberg; REUTERS FILE PHOTO  -  495 words
    • 1054 16 NYT Economists think it will overtake Japan as world's No 2 economy next year [TOKYO] For years, Japan has been readying itself for the day that it is eclipsed economically by China. But as a result of the global slowdown, Japan's difficulty in
      – NYT  -  1,054 words
    • 437 16 -NYT [TOKYO] How Japanese see the coming role reversal with China depends largely on what generation they are from. Young Japanese, in particular, feel apathy and bewilderment. They came of age in Japan's lost decade of economic stagnation. When the Internet research company Macromill
      -NYT  -  437 words
    • 677 16 NYT [GEORGE TOWN, Cayman Islands] What happens to a tax haven when it has to raise taxes? The Cayman Islands may soon find out. Caught in a vise of shrinking revenue and stubbornly high public spending, the Caymans averted a fiscal crisis last month by
      – NYT; REUTERS  -  677 words
    • 654 16 -AFP [LONDON] The BBC risks becoming a victim of its own success as it faces increasing calls to shrink and its public subsidy comes under growing threat. The BBC, a public service broadcaster set up in 1922, has long been criticised
      -AFP  -  654 words
    • 697 17 ■AFP Strict environmental standards have led to consolidation and innovation [SINGAPORE] Asian textiles, once considered a fading industry, are now showing strong growth prospects thanks to technology and demand from expanding middle classes, a leading industry player said. Known in the past for back-alley
      ■AFP; AFP  -  697 words
    • 537 17 -AP [LAS VEGAS] Lionel Clement's training regimen for a scrumdidlyumptious showdown in Paris with 18 other chocolate chefs would make Willy Wonka himself proud. Mr Clement, a French-born chocolatier representing the United States at the World Chocolate Masters competition, has spent four months tinkering with his flavours,
      -AP; AP  -  537 words
    • 827 18 Reuters G-7, eclipsed by G-20, to continue to exist but may accept lower profile [ISTANBUL] The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve
      – Reuters; BLOOMBERG FILE PHOTO  -  827 words
    • 448 18 -AP [ISTANBUL] US Treasury Secretary Timothy Geithner yesterday urged the International Monetary Fund (IMF) to implement reforms that would give emergingmarket and developing countries more say in the financial institution. "A more representative, responsive and accountable governance structure is essential to strengthening the IMF's legitimacy,"
      -AP  -  448 words
    • 272 18 -Re- liters [LONDON] BAE Systems turned down the chance to pay £300 million (*****.9 million) to settle a bribery investigation and is seeking to review evidence against it before trying to agree a deal, newspapers reported yesterday. The Serious Fraud Office (SFO) said last
      -Re; liters  -  272 words
    • 456 18 [NEW YORK] Brazil's winning bid to host the 2016 Olympic Games could attract an even larger number of foreigners to Brazilian stocks, which have already soared 62 per cent since the beginning of the year. News that Rio de Janeiro defeated Chicago,
      456 words
    • 344 18 -Reuters [ZURICH] Switzerland's two large banks, ÜBS and Credit Suisse, could weather a severe deterioration of the economy, Swiss banking regulator Finma said on Friday, publishing its conclusion from a stress test for the banks. However, both banks had to continue efforts to improve
      -Reuters  -  344 words
    • 455 18 AFP They are the last 2 nations that have yet to ratify pact [DUBLIN] Relieved EU leaders hailed Ireland's vote to accept a key reform treaty as attention turned yesterday to the last two nations holding up the moves to streamline decision-ma-king
      AFP  -  455 words

  • Page 17 Advertisements
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      2,020 words


  • FORMULA ONE
    • 603 19 -AP He finishes ahead of Toyota's Jarno Trulli and McLaren's Lewis Hamilton at Suzuka [SUZUKA, Japan] Red Bull's Sebastian Vettel led from start to finish to win Formula One's Japanese Grand Prix on Sunday, reviving his championship hopes. Vettel finished ahead of Toyota's Jarno
      -AP; AFP  -  603 words
    • 909 19 [SUZUKA, Japan] Sebastian Vettel held up Kimi Raikkonen as a shining example yesterday of why Jenson Button should still feel uneasy about his Formula One championship chances. Ferrari's Raikkonen won the 2007 title against the odds after winning the last two
      909 words
    • 386 19 Rev- ters [SUZUKA] Jenson Button always knew he had the talent to reach the top in Formula One, he just lacked the tools. Written off by some critics in recent years as an overpaid one-hit wonder with playboy tastes, the Briton now
      – Rev; ters  -  386 words
    • 485 19 Reuters [SUZUKA, Japan] Former champions Williams have said they are against expanding the Formula One grid to 14 teams so that BMW-Sauber's new owners can be sure of a slot next season. "There should only be 13 teams, that's what there always
      – Reuters  -  485 words
    • 298 19 Reuters [SUZUKA, Japan] Japan's most successful Formula One driver Takuma Sato wants to return to the sport and said that his team's sudden exit last year had left him with "unfinished" business. "Formula One to me is an unfinished job after Super Aguri had
      – Reuters  -  298 words

  • AVIATION/SHIPPING
    • 755 20 Bloomberg It gains 8%, the most in 11 weeks on surging capesize vessel rates [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, had its biggest weekly jump in 11 weeks on surging rates for capesize-class vessels to haul coal
      Bloomberg; LONDON CLUB  -  755 words
    • 2774 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:
      2,774 words
    • 327 20 ■NYT [PARIS] The European Union's antitrust regulator said last Friday that it had raised objections to a joint venture proposed by British Airways, American Airlines and the Spanish flag carrier Iberia, because of concerns it would curtail competition. The European Commission began an investigation in April
      ■NYT  -  327 words
    • TRANSPORT STOCKS
      • 108 20 '000 :H Offshore Ihuan Hup Hldgs Iosco Corp :WT Ltd Ezra Hldgs -irst Ship Lease rreight Links jrand Banks lava Hold Ltd <1Ventures <eppel Corp Vlercator Lines V1T0 Corp MOL 3acific Shipping 3an-United Corp Rickmers Man iamudera Ship iembcorp Indust iembcorp Marine ipore Ship 0.65 0.31 1.14 0.64 1.80
        108 words
      • 32 20 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd 0.93 8.89 8.85 3.00 2.96 unch -0.01 -0.01 -0.05 -0.02 unch unch 29 44 655 451 1 0
        32 words
      • 7 20 '00 ■recious Ship 18.20 0.10 272:
        7 words
      • 11 20 '000 joil ungamas Cont 40.10 1.35 0.50 0.02 87! 8641
        11 words
      • 21 20 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.50 21.75 2.00 unch unch -0.25 0.10 unch 51i 172: i
        21 words
      • 26 20 let 2 NTS Vol Evergreen Marine ....17.30 :irst Steamship 42.00 /Van Hai Lines 16.25 fang Ming Marine...12.20 -0.90 0.70 -0.60 -0.35 33 21 4 8
        26 words
      • 37 20 '000 :awasaki Hvy Ind ..214.00 -5.00 ***** :awasaki Kisen 326.00 -6.00 3921 /litsubishi Hvy 337.00 11.00 4471; /litsui Eng&Sbldg...224.00 -5.00 5631 /litsui OsR Lines 517.00 -14.00 ***** Jippon Express 348.00 -8.00 4621 JipponYusen 343.00 -5.00 9101
        37 words
    • 569 20 Bloomberg Load factor seen falling to 65% at top-tier airlines [LONDON] A year-end chill in airline ticket sales and rising oil prices may push Europe's aviation industry into a new wave of failures and takeovers. Smaller carriers such as Aer Lingus Group pic may struggle
      Bloomberg  -  569 words
  • Page 20 Miscellaneous
    • 241 20 CRYPTIC CROSSWORD 26 Victor letting drop wife's secret (5) 27 Turning brown, Russian riv- 7 misinterpreted endless mac- 24 Welsh clergyman and poet er, as is to be expected (7) tion (8) over in Surrey (Dorking) (4) 28 Runs out of empty and un- 8 Celebrated English clown, pleasant house
      241 words

  • DINING OUT
    • 691 21  -  Audrey Phoon NEW RESTAURANT Osvaldo Ristorante Italiano #01-03 Maxwell Chambers 32 Maxwell Road Tel: 6224 0978 OSVALDO Forlino cooking at One Fullerton's Forlino restaurant before was a bit like putting a Garfield cartoon in a gilded ba-roque-style frame. Not that the Italian chefs
      ARTHUR LEE  -  691 words
    • 673 21  -  Geoffrey Eu REVAMP Keyaki 7 Raffles Boulevard Pan Pacific Singapore (Level 4) Tel: 6826-8240 THERE'S nothing like a dose of zen-like calm to heighten the senses and put you in the mood for the meal to come but it's an element that few restaurants
      673 words
  • Page 21 Advertisements
    • 104 21 LUAUKI ggj^gj^^^^ /I r HP'S r Hon Good times and great f00d... W>VA 4MI I Kmu'll I■ i iLW sJ Ir^ii 24hoursaday |Ht|nVHV4 HHPlkfw4 KH indulge your cravings day and night at Oscar's. Stop by for supper after a show. Discover why our c^;« o~»«;,,i a >+,o»^,«^+ >„+»„ W^~ -J
      104 words

  • SINGAPORE STOCKS
    • 9176 22 Week ended: Oct 2 52-wks Tel |h Low Code Com| Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil Hii 17 3 3148 STelecom 9.5 2.5 5834 A-Soni( 31.5 12 5000 ABR Hld'is 15.5 5.5 1938 AEI Corp 8
      9,176 words
    • 1804 23 High Low Code Company Sale ('000) High Low Buyer Seller C'vt P/E $mil 13.5 5 1181 s AAGrp 25.5 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 20 8.5 3518 s Afor. 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,804 words
    • 434 23 _Hm Low Code Comi Sale C000) _Hm _Buj Seller C'vr P/E M 110 100 6389 ABF SG Bond ETF 783 427 CIMBAsean40 100US$ 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
      434 words
    • 256 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
      256 words
    • 119 23 Stock name Close Change litaLand 3.670 +0.010 :apitaMall 1.820 -0.050 :if 'Dev 9.900 -0.240 :omfortDelGro 1.550 -0.030 :osco Corp 1.140 -0.030 IBS Grp 12.780 -0.240 :&N 3.850 -0.070 ientin: SP 1.090 -0.010 iolden At ;ri 0.420 -0.015 IK Land 4.320 -0.060 tocl name lose lange JMH
      119 words
    • 92 23 Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 15 1 0 0 0 2 15 1 Manufacturing 32 174 29 26 13 38 200 42 Commerce 11 63 12 11 11 74 17 35 37 Finance 24 24 Construction 24 30 >roi 37
      92 words
    • 118 23 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 299,870 299,870 372,413 372,413 Manufacturing 3,413,703 220,709 3,634,412 1,725,223 13,767 1,738,990 Commerce 994,507 203,223 1,197,730 763,081 56,105 819,186 Tpt/Stor/Comms 797,418 44,623 842,041 1,077,541 11,670 1,089,211 Finance 213,823 100 213,923 987,113 987,122 Construction 540,538 196,928 737,466 142,078 4,668 146,746 Pro|
      118 words
    • 2748 23 Transaction date: Oct2 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 Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific sank Of E Asia seida Jade Bird seijing Airport
      2,748 words
  • Page 22 Advertisements


  • FINANCE & COMMODITIES
    • 369 24 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct 2 World Index Preliminan 773.3 -1.2 14.1 -1.2 16.1 -1.3 18.3 EAFE Preliminai 736.5 -1.8 13.5 -1.8 18.7 -1.8 21.1 Euro[ Preliminan 1050.6 -1.6
      369 words
    • 131 24 As at 9am Oct 2 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2190 1.2560 Can dollar 1.2980 1.3140 Euro 2.0450 2.0680 NZ dollar 1.0000 1.0220 iterlini ind 2.2400 2.2660 US dollar 1.4080 1.4240 Local dollars to 100 units of foreign
      131 words
    • 176 24 Oct 2 Offer Overnight 1-month 2-months 3-months Overnight mode: 1/4 US$ 0.01 7/16 9/16 11/16 Offer par 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.32 0.35 0.38 0.42 0.70 1.10 1.25 Offer 0.22 0.25 0.28 0.32
      176 words
    • 26 24 Oct 2 STI Oct 2611 2611 2602 SIMSCI Oct 317.1 317.7 310.6 Taiwan Oct 275.5 276.3 268.8 Source: MF Global (S) He. Ltd
      26 words
    • 21 24 Oct 2 Bid Offer 1-month 1.4152 1.4166 2-months 1.4154 1.4168 3-months 1.4156 1.4170 6-months 1.4162 1.4176 Source: OCBC
      21 words
    • 66 24 Oct 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Oct 09 2155 2130 2155 2130 104 700 Nov 09 2126 2048 2126 2043 1769 ***** Dec 09 2110 2037 2114 2028 5744 ***** Jan 10 2113 2040
      66 words
    • 281 24 Oct 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec09 Mar10 Jun10 Sep10 99.6450 99.4250 99.1150 98.7550 6475 5873 3113 2187 EUROYEN TIBOR FUTURES Dec09 99.505 99.510 Mar10 Jun10 Sep10 DedO Mar11 Jun11 Sep11 99.505 99.510 99.545 99.545 99.530 99.470 99.385 99.325 99.325 428 333 160
      281 words
    • 181 24 Oct 2 nUDDEK Futures (Closing prices] RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Nov 09 Dec 09 Jan 10 Feb 10 Mario Apr 10 219.0 218.0 218.0 218.0 218.0 219.0 515 831 791 517 670 80 TSR 20 (US cents/kg) Month High
      181 words
    • 87 24 Oct 2 IKEM-rUI.Y BILL-i Period Issue code Maturity Yesterday's Bid Day's |h Low Hii 3-Month BQ*****N 31.12.2009 1-Year BY*****W 03.05.2010 0.34 0.39 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****H 3.625 5-Year N*****0N 1.375 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year
      87 words
    • 102 24 Oct 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 09 885.00 918.00 918.00 885.00 Jan 10 892.00 924.25 924.25 892.00 Mar10 895.25 924.75 924.50 895.50 May 10 893.50 920.75 920.00 894.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 09 33.73 34.25 34.23 33.45
      102 words
    • 78 24 CRUDE OIL PRODUCTS Oct 1 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 68.18 1.53 WTI (Near Mth) 70.52 0.20 Dubai (1 -Mth F) 68.68 2.44 Tapis blend 74.20 2.35 Minas 71.15 2.35 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 63.10 74.55 2.10 2.05 USS/barrel Opec
      78 words
    • 466 24 Oct 2 Ind Rs Ru Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound US! «> i> Kmn turo HA> Australia 0.944 5.918 0.596 6.719 41.293 83.617 0.775 10.181 3.015 1.217 72.126 40.816 1.227 6.727 0.902 28.016 29.038 0.546 0.867 Canada 1.059 6.270
      466 words
    • 79 24 Oct 2 (US$) (S$) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 6 mths 0.***** 9 mths 1.***** 12 mths 1.***** 3 mths 0.***** 0.***** 6 mths 9 mths 12 mths 0.***** 0.***** 1.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs
      79 words
    • 157 24 Oct 2 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2264 1.2282 0.8667 0.8672 Canadian dollar 1.2994 1.3011 0.9183 0.9187 Euro 2.0571 2.0592 1.4538 1.4539 NZ dollar 1.0076 1.0095 0.7121 0.7128 Sterlini 2.2472 2.2494 1.5881 1.5882 US
      157 words
    • 167 24 Oct 2 GOLD (USS/oz) Sep 29 Oct 02 GOLD BULLION COINS (SS) Sellim Hong Kong 998.00 997.30 999.00 998.30 Oct 02 Oct 01 London 1001.35 1000.00 1002.15 1001.70 Source: Thomson Reuters (SS) Selling Buying 1 oz 1580.39 1429 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $554.26 454
      167 words
    • 70 24 Oct2\ luminium, 99.7 jrity (USS/tonne) Co Close Previous Cash 1770.00 1824.00 3 months 1804.00 1858.00 Copper, Grade A (USS/tonne) Cash 3 months 5857.75 5879.00 5967.50 5985.00 Lead (USS/tonne) Cash 2088.00 3 months 2115.00 2163.50 2190.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.50 *****.00 *****.00 Tin (USS/tonne) Cash 3
      70 words
    • 77 24 Oct 2 LULUA (t/tonne) Close Prev Hii ih/Low Dec 09 1988 2053 2048/1978 Mar 10 2008 2071 2062/1997 May 10 2028 2088 2078/2017 Jul 10 1976 2031 2022/1968 COFFEE (USS/tonne) Close Pev High/Low Nov 09 1383 1363 1399/1340 Jan 10 1410 1392 1428/1370 Mar 10 1434 1417 1452/1396 SUGAR
      77 words
    • 2260 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 3 -1 636 1 15 9 5.50 55 _036 Advance SCT Ltd W*****9 0.5 1 87 1358 12.00 10 Allgreen Properties.ES.0910 .756 Asiatic Grp (H) Ltd
      2,260 words

  • Page 25 Advertisements
    • 2898 25 The Business Times Shipping Times 4k _^^B fc WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M M__ f*^PV BS _L_%_M MgMl'Vrl^'rit'Wilßlf V~ v- |ft| r f> TEb*****588 (14LINES) FAX:*****163 _^_r^™l A^B U-T^^^M 8 [M^-^^l^^B -HUmMS M^TCMIhE \\^^tt I WAN HAI INt J FKL TEL: <03| *****888 FAX: (03) *****283 PEN
      2,898 words

  • Page 26 Advertisements
    • 3187 26 F^VHEHHII^BBIHI I WW\ eastern car uner, ltd inn inrFTJ** I Pf—^—* specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I I HFiiTFWTnTiH^^M _IH 1 1 1 1 I 1 1 1 1 PCL/PHL SERVICE AMX SERVICE Connecting ECL SERVICE via MALTA I S^SHlR^^^^^ T R""'- <KT>
      3,187 words

  • BizIT
    • 863 27 <cool stuff> Visually rich and with a stunning user interface, dubbed Sense, it is arguably one of the most intuitive and powerful smartphones in the market, reports ONG BOON KIAT HTC Corp's Hero, the Taiwan phone maker's third device to run on Google's budding phone
      863 words
    • <what's up>
      • 84 27 MOBILEONE customers will enjoy download speeds of up to 28 Mbps (megabits per second) in Toa Payoh and Bishan with the completion of another phase of its network upgrade. With the speed boost, which will be extended to other parts of the island progressively,
        84 words
      • 91 27 A NEW partnership between Star Hub, Nokia and Nanyang Polytechnic (NYP) aims to give local students a head-start in the field of mobile applications development. Under the tie-up, a new facility called the Mobile Inno Sphere Centre will be set up within NYP.
        91 words
      • 76 27 SALES of PC monitors in the Asia-Pacific region outside Japan grew 4.8 per cent to 29.5 million units in the first half of 2009 from last year, according to market research firm IDC. The company attributed the better-than-expected performance to the growing affordability of
        76 words
      • 82 27  -  WINSTON CHAI TCS has landed a multi-million outsourcing contract with the Singapore People's Association (PA). Under the two-year contract, the Indian IT giant will provide application management services to the PA, a statutory board under the Ministry of Community Development, Youth and Sports. The
        82 words
    • 664 27 J Reuters ELECTRONIC readers could be the hottest gift this holiday season as a new crop of portable media devices begins to join iPods and other music players as must-have tech accessories. The number of readers bought will be closely watched by
      _ J – Reuters  -  664 words
    • 294 27 1. Bloomberg Monthly record follows 25% price cut for console in Sept [TOKYO] Sony Corp's Play Station 3 video-game console outsold Nintendo Co's Wii for the first time on a monthly basis in Japan in September, after a price cut, according to market researcher
      1. – Bloomberg  -  294 words
  • Page 27 Advertisements
    • 1528 27 SSStt LION TECK CHIANG LIMITED QHIm {Incorporated in the Republic of Singapore) WBm Co. Reg. No. *****0176K NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Lion Teck Chiang Limited (the "Company") will be held at 10 Arumugam Road #10-00, Lion Building A, Singapore
      1,528 words

  • 763 28 Tech giant plans to boost its enterprise business, with an eye on cloud computing, healthcare and interactive digital media, HP Singapore MD tells ONG BOON KIAT HEWLETT-PACKARD (HP) will be stepping up its efforts to grab a slice of rival Sun Microsystems's
    FILE PHOTO ._■ .77 .._•_.. I I _•_..#  -  763 words
  • 500 28  -  FELDA CHAY It is now 3.2 Mbps compared to Q1: Akamai study By SINGAPORE'S average Internet connection speed fell by 16 per cent to around 3.2 Mbps in the second quarter this year compared to the first quarter, a study from Internet-content delivery
    500 words
  • 558 28 [SAN FRANCISCO] Cisco Systems continued to show just how serious it was about video conferencing, announcing late Wednesday night the US$3 billion acquisition of Tandberg, a Norwegian video communications company. Cisco sells companies expensive, room-size video conferencing systems known as TelePresence systems. Tandberg
    558 words
  • <what's new>
    • 121 28 STARHUB has introduced new mobile plans aimed at smartphone users who do not want to be tied down to long-term contracts. The operator's Smart Surf 100 and 300 subscription packages come with generous data bundles to allow users to surf to their hearts'
      121 words
    • 114 28 SONY Ericsson has introduced the Naite, a new handset which promises to give consumers the usual perks of a phone while being more eco-friendly at the same time. The phone comes with a built-in electronic manual instead of a paper booklet.
      114 words
    • 104 28 CREATIVE Technology promises to turn mobile devices such as notebooks and phones into portable boom boxes with a new wireless speaker system. The firm's compact Inspire S2 system hooks up to handsets and PCs wirelessly using a Bluetooth connection. Users
      104 words
    • 123 28 CONSUMERS who like to chat on the phone into the wee hours of the morning can do so for free with a new prepaid plan from Ml. It is offering perks such as free outgoing calls and unlimited data for
      123 words
    • 121 28  -  WINSTON CHAI ACER is hoping to pack more oomph into its new notebook with a little help from performance carmaker Ferrari. The firm's new Ferrari One laptop dons a familiar fiery Ferrari red coating along with the emblem of iconic Italian
      121 words
  • Page 28 Miscellaneous