The Business Times, 10 October 2009

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Microfilm: NL30172
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg OCTOBER 10-11, 2009 ssi.oo MICA (P) 124/08/2009 Sf_l A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon Wall Street bets on Q3 results medicine
    770 1  -  Andrew Marks Flagging bull run could be revived as 'positive surprises' work their magic By btworld@sph.com.sg New York ANALYSTS are expecting more positive surprises and rising profit margins from companies this quarter. Wall Street generally doesn't like surprises, particularly in the month of
    770 words
  • Article, Illustration
    Lock icon Win a Nobel in Year One? Yes, he can
    954 1 Wire agencies Peace Prize for President Obama stuns his supporters and even the man himself Oslo WIN the US presidency despite being African American? Yes, he can. Win a Grammy for his audiobook? Yes, he can. And win the 2009 Nobel
    Wire agencies; AFP; AP  -  954 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      156 1 E THE RAFFLES CONVERSATION CEOS'HAWKER GUIDE j *fi^>£L. WEALTH J SINGAPORE'S WOMEN Kway chap and Uti&XlmW Saving for f&—\ EVEREST CLIMBERS 6-7 pig's organ soup L 6-7 hmmw retirement 30-31 BULKING UP Campus expansion for UniSIM Parent SIM unveils development master plan under which 56,000 sq m will be added
      156 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        47 2 KL COMP 1,233.82 +3.73 NIKKEI 225 10,016.39 +183.92 HANG SENG 21,499.44 +6.54 SET 746.87 +2.84 JAKARTA 2,474.40 -10.11 MANILA 2,942.78 -25.24 KOSPI 1,646.79 +31.33 SHENZHEN B 520.00 +17.20 MUMBAI IND 16,642.66 -200.88 12 noon EDT Chanpe 12 noon EDT Change DOW 9,822.24 +35.97 NASDAQ 2,132.88 +8.95
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      • Article
        Lock icon PRIME RATES
        28 2 ilNGAPORE 5.38 IALAYSIA 5.55 IONG KONG 5.00 INDONESIA 15.473 "AIWAN 4.776 JAPAN 1.475 :orea 9.33 IRITAIN 0.50 3.25 :anada 2.25 SWITZERLAND 0.52 INDIA 11.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        48 2 US$ 2$ ier US$; 1.393 ;us$/s$ 1.598 2.227 EURO ;us$; IS$i 1.472 2.051 Foreii ;n curreno ier US$ S$ YEN 89.40 64.10 RM 3.398 2.438 HK$ 7.750 5.562 BAHT 33.32 23.91 RUPIAH 9,450 6,782 RENMINBI 6.826 4.898 INDIAN RUPEE 46.58 33.42 A$ 1.107 0.794 NZ$ 1.353 0.971
        48 words
    • Article, Illustration
      Lock icon SIM to spend $300m on new premises
      561 2  -  Oh Boon Ping Expansion needed because UniSlM's current site is not able to accommodate rising enrolment numbers By huwenbin@sph.com.sg Singapore SINGAPORE'S first privately funded university is spending $300 million on new premises to meet higher enrolment numbers. Its parent, Singapore Institute of Management
      -k-X, m ■». FILE PHOTO  -  561 words
    • Article, Illustration
      Lock icon Sorry Mr Obama, you don't deserve it yet
      617 3  -  Vikram Khanna commentary vikram@sph.cotn.sg Associate Editor IAM a great admirer of US President Barack Obama. He is a remarkable politician, an electrifying speaker and a gifted writer. As his moving autobiography Dreams from my Father attests, a strong streak of compassion runs
      617 words
    • Article
      Lock icon S'pore leapfrogs in global financial league
      495 4  -  Jamie Lee It soars to fourth spot from last year's tenth in WEF's latest Financial Development Report By leejamie@sph.com.sg Singapore SINGAPORE has jumped to fourth place from 10th in a list of global financial centres ranked in this year's Financial Development Report from the
      495 words
    • Article
      Lock icon Firms now want accountants to go beyond crunching numbers: survey
      550 4  -  Joyce Hooi By joyceh@sph.com.sg Singapore POST-CRISIS, accountants who believe their job is solely about counting beans and making sure the balance sheet balances will do so at their own peril. As the operations and strategies of firms become inextricably linked
      550 words
    • Article
      Lock icon US-Asean Business Council lauds MM Lee
      245 4  -  Chuang Peck Ming By peckming@sph.com.sg Singapore MINISTER Mentor Lee Kuan Yew will be conferred the US-Asean Business Council's first Council Lifetime Achievement Award. The award ceremony will be held at a black-tie dinner in Washington DC on Oct 27 when the council celebrates its
      245 words
    • Article, Illustration
      Lock icon It's looking to be a very good year
      551 5 AFP 2009 Bordeaux is set to be first great vintage of the 21st century Bordeaux, France IN Bordeaux vineyards, the pickers are bringing in the very last of the harvest but though the wine is months from completion, the 2009 vintage is
      AFP; REUTERS  -  551 words
    • Article
      Lock icon Get your watch serviced – and fall off a chair
      1013 5  - Get your watch serviced and fall off a chair Chuang Peck Ming SATURDAY SOAPBOX By I RECENTLY sent my five-year-old white-gold Lange 1 timepiece for servicing. It's a model that's been discontinued, which makes it quite a sought-after piece. So I was prepared to pay a lot for the servicing,
      1,013 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      52 2 NEWS LIVING Top Stories 2-5 Design 1-2,3 Raffles Conversation 6,7 Shopping L 4 Week in Review 8 Gadgets L 5 Companies 9-13 Dining L 6-9 World .9-22 Weekend With LIP,.! Stocks Stats 23-27 Travel L.2-T4 Perspective 28-29 Health Ll5 Wealth 30-33 Sport Ll6 Househunt 34 Golf LT7 Real Estate 35
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      30 3 tag 3lff j^BjACKPOT I 1,500,000. This Monday! SINGAPORE IPLAYA Ahrays play with care. Towards Community W Ir-sponalb^ Do not bet Illegally. Purpose and Benefit M-~ J RCBRegNo *****0202G I------I POOLS
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Ain't no mountain high
      2509 6  -  Anna Teo Everest. The ultimate test, requiring sheer physical prowess and tremendous inner strength. For the six Singapore girls who made the climb in May, it also proved to be a powerful lesson in persistence Three of them share their story, m By BECAUSE it's there,
      PHOTOS COURTESY OF NATAS SINGAPORE WOMEN'S EVEREST TEAM  -  2,509 words
    • Article
      Lock icon Raffles Hotels & Resorts
      76 6 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Oct 5-9, 2009
      • Article
        Lock icon CPF concern spawns corporate pension plans
        44 7 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.
        44 words
      • Article
        Lock icon Alwaleed urges US to sell its stake in Citigroup
        42 7 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 magazine reported.
        42 words
      • Article
        Lock icon Capita Land to spin off retail arm and list it
        54 7 CAPITALAND will spin off its $20.3 billion retail portfolio into a separate unit, which will be listed on Singapore Exchange. The group's retail arm Capita Land Retail will be renamed Capita Malls Asia (CMA), and will have a pan-Asian portfolio
        54 words
      • Article
        Lock icon For local banks, the worry is loans growth – not capital
        45 7 For local banks, the worry is loans growth not capital LOCAL banks are already very well capitalised. So the global trend of making banks safer is more likely to result in tweaking of the rules here, rather than the imposition of additional requirements, analysts say.
        45 words
      • Article
        Lock icon Large part of job perks go to waste: survey
        44 7 A BIG chunk of perks provided by companies in the Asia-Pacific re- gion are wasted, because almost half of their employees don't see much value in them, says a survey by consulting firm Watson Wyatt.
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      • Article
        Lock icon New listings face up to harsh realities
        57 7 MORE initial public offerings (IPO) are on their way to charm the stock market, but they may get the cold shoulder if a recent trend is any guide. Although IPO activity picked up in the third quarter, most new listings ran out of
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      • Article
        Lock icon Seven Palms smashes price records at Sentosa Cove
        59 7 SC Global Developments is said to have sold six units at its Seven Palms at Sentosa Cove condo at between $3,100 per square foot and $3,400 psf record prices for the upscale waterfront housing district. On a lump-sum basis, the three and
        59 words
      • Article
        Lock icon Australia raises interest rates, will Seoul follow?
        43 7 THE first ofthe interest rate hikes has arrived. The Reserve Bank of Australia yesterday raised its central rate by 25 basis points to 3.25 per cent and signalled further increases amid signs the economy is strengthening.
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      • Article
        Lock icon Glittery new record set as markets go for gold
        58 7 THE price of gold soared to another new record on Wednesday this time just shy of US$l,O5O an ounce and sent ripples across the board, including a rally in a gold fund listed here. Similar surges were also seen in silver
        58 words
      • Article
        Lock icon Citi's Larsen moves to HK after 14 years here
        38 7 CITIGROUP'S Singapore country head Jonathan Larsen will leave for Hong Kong next month after being appointed head of Citi's consumer banking and global cards business for all of Asia-Pacific.
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      • Article
        Lock icon Serangoon residential site draws 15 bids
        47 7 FIERCE competition for residential land shows no signs of abating as 15 developers submitted bids for a 99-year-leasehold site in Serangoon Avenue 3. This is the highest number of bids put in for govern- ment residential land so far this year.
        47 words
      • Article
        Lock icon Fatter year ahead after blip in govt land sales
        50 7 THE government collected $7.3 billion from sales of state land in the year ended March 2009, $5.1 billion lower than the record $12.4 billion raked in the year before. Analysts expect to see higher sales proceeds for the current financial year.
        50 words
      • Article, Illustration
        Lock icon Peter Lim wins libel suit on appeal
        77 7 FORMER remisier Peter Lim has emerged victorious in the Singapore Court of Appeal in his defamation suit against Lin Jian Wei and Margaret Tung in a case stemming from the Raffles Town Club (RTC) fiasco. As part of the ruling, Mr Lim was
        FILE PHOTO  -  77 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      313 7 CRYPTIC CROSSWORD Across n —i —R —1 —m —m —ijMsijti —m —nn troops (8) I One's likely to pick things I 9 Was present at start of up and set off in large j |9| Aida before two tenors ship (8) 7?T finished (8) 5 Exercised with no time to
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      89 7 NEXT WEEK Oct 12-16,2009 US DATA Oct 14 Export prices Sept Import prices Sept Retail sales Sept Business inventories Aug Oct 15 Initial claims 10/10 Continuing claims 10/03 Core CPI Sept CPI Sept Crude inventories 10/09 Oct 16 Capacity utilisation Sept Industrial production Sept Michigan sentiment prel Oct SINGAPORE DATA
      89 words
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  • COMPANIES
    • Article
      Lock icon Keppel one step closer to US$1. lb JV deal
      444 8  -  Emilyn Yap Floatec signs letter of intent to build oil platform in Brazil for Petrobras, Chevron By emilyny@sph.com.sg Singapore A JOINT venture linked to Keppel Corporation has signed a letter of intent to build an oil platform for energy giants Petrobras
      444 words
    • Article, Illustration
      Lock icon AWT's proposal for private placement falls through
      421 8  -  Oh Boon Ping By huwenbin@sph.com.sg Singapore THE mess just got worse. Troubled water treatment specialist Asia Water Technology (AWT) said its proposal to sell 39 million of its shares through a private placement to raise $7 million has fallen through. The company needs
      421 words
    • Article
      Lock icon Local banks help with disaster relief efforts
      286 8  -  Emilyn Yap By emilyny@sph.com.sg Singapore BANKS here are doing their part to help victims ofthe earthquake in Padang, Indonesia, and Typhoon Ketsana. DBS Bank said yesterday that it has committed $100,000 to a non-governmental organisation, Habitat for Humanity, to help repair and replace
      286 words
    • Article
      Lock icon Strong demand for Optus US$500m issue
      151 8 Singapore SINGAPORE Telecom said yesterday that its Australian subsidiary Optus has issued US$5OO million of 10-year bonds with a semi-annual coupon of 4.625 per cent. The US-dollar denominated notes, which mature on Oct 15,2019, were distributed to institutional investors in Asia and Europe. These
      151 words
    • Article
      Lock icon SGX stops Li Heng's 'effective' delisting in its tracks
      875 9  -  Lynette Khoo CORPORATE FOCUS Move seen as deterring privatisation under the guise of 'exotic' plans. By IT IS status quo now for Li Heng Chemical Fibre Technologies, after it decided to drop its restructuring plan to float its assets in Hong
      875 words
    • Article
      Lock icon Lion AsiaPac and Mineral Resources evenly matched
      392 9  -  Jamie Lee By leejamie@sph.com.sg Singapore THE board of Polaris Metals NLwhich Singapore-listed Lion Asiapac and Australia's Mineral Resources are competing to take over signalled that Lion Asiapac's offer is not overtly better than Mineral Resources' bid. There are also issues behind Lion Asiapac's
      392 words
    • Article
      Lock icon Analysts split over ING Asia bids
      357 9  -  Conrad Tan By conradt@sph.com.sg Singapore ANALYSTS that BT spoke with yesterday were divided over whether buying Dutch bank ING's Asian private banking assets would be good for Singapore banks. "It's hard to believe that the Singapore banks can make an immediate bullish case out
      357 words
    • Article, Illustration
      Lock icon Mixed week with Wall St calling the shots
      924 11  -  R Sivanithy STOCKS I sivan@sph.com.sg Senior correspondent TELCOS were very much in focus this week after Star Hub lost the broadcast rights for "live" English Premier League (EPL) soccer matches to Sing Tel, while Sing Tel itself came under pressure after Indian
      924 words
    • Business briefing
      • Article
        Lock icon Chemoil warns of loss in Q3
        43 11 CHEMOIL Energy expects to report a net loss for Q3 2009. It said that it has been hit by weak fuel oil margins in many market segments and its hedging was less effective than in previous quarters.
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      • Article
        Lock icon Asian Micro auditor draws attention to uncertainty
        92 11 WITHOUT qualifying its opinion, Asian Micro Holdings' independent auditor Ernst Young has drawn attention to an uncertainty which may cast significant doubt over its ability to continue as a going concern. This relates to the group's post-tax net loss of $7.67 million and
        92 words
      • Article
        Lock icon Metax subsidiary sees RM7.28m contract win
        71 11 METAX Engineering Corporation said that its subsidiary WS Bioengineering expects to secure a contract from Zurex Corporation Sdn Bhd. The deal of about RM7.28 million (Ss3 million) is for the supply of a complete process plant equipment to a refining plant in Sabah. It
        71 words
    • Article
      Lock icon SGX revises settlement system to trim non-delivery of securities
      387 11  -  Michelle Quah By michquah@sph.com.sg Singapore THE Singapore Exchange (SGX) has announced changes to its clearing and settlement system for shares traded here, to reduce the non-delivery of securities and the resulting imposition of penalties. Among the changes is the revision ofthe
      387 words
    • Article, Illustration
      Lock icon Hengyang surges on Catalist debut
      376 12  -  Lynette Khoo It ends trading at 44 cents, almost 16% above IPO price By lynkhoo@sph.cotn.sg Singapore HENGYANG Petrochemical Logistics, the first Chinese company to list on the Catalist board, made a splash on its first day of trading yesterday, surging as much as 37 per
      376 words
    • Article
      Lock icon UOL taking half-share in Rainbow site
      200 12 Singapore UOL Group is taking a half-share in the Rainbow Gardens site in Toh Tuck Road bought by the LaSalle Asia Opportunity II fund in a collective sale a few years ago. The 999-year leasehold plot and an adjoining strip of state land total
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  • Page 8 Advertisements
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  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      139 10 T) r^\T) r~^RT TT^T TD ASIAN CONTEMPORARY AND MODERN ART iD U rvvy DL/VJvJ IV fine wine auction mmzmn&mfi Auction Preview WM io October 2009, loam Bpm Auction Jfill ii October 2009 Starting at 10.30 am Venue ±tkl£ GRAND COPTHORNE WATERFRONT HOTEL, SINGAPORE 183_ 72.5 aeaoou1 wi-"~_.7.l._™_V__.--.>-,_-_«.™ M Adrien Jean
      139 words
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      1543 12 ______PT3^i__^^^__R__^________ _-__^^_ill--!EAjI I L_M SKi GoldtrOll Limited (Co. Reg. N0;*****0234E) (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GOLDTRON LIMITED (-the Company") will be held at Raffles Marina, Function Room 1-3, Level 2, 10 Tuas West Drive,
      1,543 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon The new retail economy
      1074 13 The role of a mall owner has fundamentally changed. To thrive today, owners will have to do more than provide a roof over retailers' heads. FROM THE DESK OF Mike Kenderes Development director of 313@Somerset Lend Lease Retail Singapore THE recent Monetary Authority of Singapore (MAS)
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  • SINGAPORE
    • Article, Illustration
      Lock icon SMEs may get resource centre
      535 14  -  Chen Huifen Apec ministers endorse feasibility study on creating platform of shared expertise to access global market opportunities By xiufen@sph.com.sg SINGAPORE'S proposal for a feasibility study on creating an Apec SME market research and capability development centre has been endorsed by Apec ministers and their
      MUGILAN RAJASEGERAN/THE STRAITS TIMES  -  535 words
    • Article
      Lock icon Mulling exit strategies
      470 14 WHILE most Apec members feel that a bottoming of their economies is in sight, questions remain on the strength of the recovery, according to Minister of State for Trade and Industry, and Manpower Lee Vi Shyan. Speaking to the media at the end of a concluding news
      470 words
    • Article
      Lock icon Asian rate hikes will be modest, says Barclays
      405 14  -  Oh Boon Ping By huwenbin@sph.corm.sg AMID market talk of interest rate rises across Asia, Barclays Capital reckons that any monetary tightening in the region will be modest. At a briefing yesterday, its economist Peter Redward said that although forecast "growth numbers next
      405 words
    • Article, Illustration
      Lock icon Storm brews over cruise ship charges
      647 15  -  Teh Shi Ning Vessels will be levied additional fees if they call at container terminal By tshining@sph.cotn.sg CONTROVERSY is brewing over a decision to charge cruise ships additional fees of up to 10 times the usual docking fee if they have to call at
      THE STRAITS TIMES FILE PHOTO  -  647 words
    • Article
      Lock icon Baby boomers get out and spend: survey
      502 15  -  Felda Chay By feldac@sph.com.sg ONLINE shopping, visiting social networking sites such as Facebook, travelling these are commonly associated with today's youth, but increasingly, Singapore's baby boomers (aged 45 and above) are embracing these activities as they seek to maintain an active lifestyle as
      502 words
    • Article
      Lock icon And the Pinnacle Award winners are...
      385 16  -  Joyce Hooi PSA, Tote Board, Singapore Pools bag top honours at Community Chest Awards; SMRT takes six awards By joyceh@sph.com.sg TOTE Board, Singapore Pools and PSA Corporation clinched the highest honours the Pinnacle Award at the 25th Community Chest Awards 2009 on Thursday. The
      385 words
    • Article, Illustration
      Lock icon Nets launches cashcard for public transport use
      404 16  -  Felda Chay By feldac@sph.com.sg PUBLIC transport users will have a new way to pay for their trips with the launch yesterday of a long-awaited cashcard by the Network for Electronic Transfers (Singapore), or Nets. At the launch of the Nets Flash Pay, Minister
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    • Briefing
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      388 15 Entrepreneur Seminar for SME Innovative Leadership for Growth (26 October 2009) This one-day program is designed to help entrepreneurs grow themselves, grow their team and grow their company. You will learn new innovative leaderships and cutting-edge coaching skills that help you grow in the 21st century. These include developing personal
      388 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Letter, Illustration
      Lock icon Getting lost is part of the journey
      858 17  -  Jeremy Chong GOING on an international rotation to Houston has been the best thing which has happened in my career with KPMG so far. Arriving in Houston, Texas, everything was excitingly unfamiliar to me except the warm, humid weather. If you mention "Houston",
      858 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      165 17 DEFINING GLOBAL LIVING IN EUROPE E0 g [""1 WfM f From the spacious exclusivity and refinement of Ascott to the pampering France Belgium M m touches for the family at Somerset, or the vibrancy of independent city-living Aix-en-Provence 'Brussels i-.--. j *s at Citadines, there is an Ascott International serviced
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    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      15 17 THE ASCOTT GROUP A Member of Capita Land Thisseries is broughttoyou by The Ascott Group
      15 words
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  • WORLD
    • Article
      Lock icon China, Japan. S Korea to hold summit today
      451 18  -  Anthony Rowley Agreement expected on N Korean issue, but East Asian Community idea will be trickier By btworld@sph.com.sg Tokyo JAPANESE Prime Minister Yukio Hatoyama, Chinese Premier Wen Jiabao and South Korean President Lee Myung Bak are scheduled to hold a summit meeting
      451 words
    • Article, Illustration
      Lock icon Yohji Yamamoto files for bankruptcy
      296 18 AP YOHJI Yamamoto Inc, a fashion house famous for its austere black designer clothes, filed for bankruptcy protection yesterday, a victim of slumping sales as Japanese women turn to cheaper casual outfits during a prolonged economic downturn. The company's debts total six billion yen (Ss9s
      AP; PHOTOS: AFP, AP  -  296 words
    • Article
      Lock icon Trade gap registers surprise drop
      440 18 Reuters LATEST US DATA Narrowing gap in August due to rise in exports of services Washington THE US trade gap narrowed unexpectedly in August as trade in services pushed exports slightly higher and imports fell by a fractionally larger amount, a US Commerce Department report
      Reuters  -  440 words
    • Article, Illustration
      Lock icon Management may buy out Proton
      349 19 Reuters Chairman says willing to help spin off car maker if it's for sale and price is right Kuala Lumpur A MANAGEMENT buyout of Malaysia's national car maker Proton Holdings could be possible, the firm's chairman was quoted by The Star newspaper as saying. Mohd
      Reuters; REUTERS  -  349 words
    • Article
      Lock icon Sites must pay for news content
      418 19 AP Beijing THE leaders of two of the world's major news organisations yesterday said that it is time for search engines and others who use news content for free to pay up. The comments from The Associated Press' Tom Curley and Rupert Murdoch of
      AP  -  418 words
    • Article
      Lock icon Occidental buys Citigroup's Phibro unit
      312 19 Bloomberg, Reuters New York CITIGROUP Inc, shedding assets following last year's US$45 billion bailout, agreed to sell its Phibro LLC energy-trading business to oil producer Occidental Petroleum Corp. Occidental will pay "net asset value" for the unit, the two companies said yesterday in separate press
      Bloomberg, Reuters  -  312 words
    • Article
      Lock icon Another US mortgage giant may need bailout
      532 20 NYT But FHA chief tells Congress his agency is managing its risks New York A YEAR after Fannie Mac and Freddie Mac teetered, industry executives and Washington policymakers are worrying that another government mortgage giant could be the next housing domino. Problems at
      NYT  -  532 words
    • Article
      Lock icon Fed may have to extend its tighter policies
      491 21 Reuters But policymakers thinking how to terminate support as recovery sets in, says Bernanke Washington THE US Federal Reserve must continue to prop up the economy for an extended period but can't do so indefinitely for fear of triggering an inflationary surge,
      Reuters  -  491 words
    • Article, Illustration
      Lock icon Van Gogh was also literary, research shows
      672 21 AFP Amsterdam DUTCH painter Vincent van Gogh was also a literary giant, say researchers who have scrutinised his vast body of correspondence the topic of a new exhibition that opened in Amsterdam yesterday. "Van Gogh was a hero of modern art, and has
      AFP; REUTERS  -  672 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      1916 20 SIM LIAN GROUP LIMITED Registration No. *****4760 C (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Nineth Annual General Meeting of SIM LIAN GROUP LIMITED ("the Company") will be held at Jurong Country Club, Ficus 1, Level 2, 9 Science Centre
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  • SGX
    • Article
      Lock icon Transaction date: Oct 9
      8863 22 SZ-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote COOO) High Low Buyer Seller Div GrYld Net C'vr P/E M Cap Smil 7_ 3 3148 8Telecom IS 2.5 5834 A-Sonic 12.5 12 5000 ABR Hldgs 5.5 5.5 1938 AEI Corp I 1 1100
      8,863 words
    • Article
      Lock icon SGX CATALIST
      1667 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 2.5 5 1181 s AAGrp_ !5.5 12 8538 t APStrategic 1 0.5 1501 s Advanced System '5 2 3480 t Adventus !0 8.5 3518 t Afor 2.5 2 1524 t Alantac 1 3.5 7814 t
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      47 25 Up Down Unch 8 5 3 Up Down Unch 0 0 0 Up Down Unch 8 5 3 lulti Ind lanul Fact :unni .ommerce -inance ,onst ruction lOtel Jsts" >ervices las/ fateT :ure iarr Active counters with no volume for today are not included.
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      174 25 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
      174 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      831 25 For week beginning Oct 5 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000) Stock Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000)
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  • Page 22 Advertisements
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  • MARKETS
    • STOCK MARKETS
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'I. INDICES
      364 26 Oct 8 %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change World Index Preliminai 804.1 1.1 18.6 0.7 19.5 1.5 23.9 EAFE Preliminai 761.4 1.0 17.3 1.0 22.2 1.8 26.7 Euroi Preliminai 1091.7 1.1 19.8 1.1 24.9 1.8 29.4 Pacific 608.9
      364 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      147 26 Oct 9 lurrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 1.2580 Offer 1.2598 Bid 0.9032 Offer 0.9037 :anadian dollar 1.3204 1.3223 0.9480 0.9485 iuro 2.0501 2.0524 1.4719 1.4722 IZ dollar 1.0290 1.0302 0.7388 0.7390 jterlini 2.2257 2.2283 1.5980 1.5984 IS dollar 1.3928 1.3941 >$/US$
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    • Article
      Lock icon LIFFE
      71 26 Octsl 1 (£/tonne) Close Prev Hit ;h/Low )ec09 2125 2133 2146/2122 dar 10 2143 2159 2169/2141 2163 2181 2189/2160 lul 10 2114 2129 2135/2112 lOFFEE (US$/tonne) Close Pev High/Low \lov09 1481 1437 1485/1446 Ian 10 1505 1465 1508/1472 iter 10 1531 1491 1534/1500 SUGAR (US tonne) White Close Prev
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    • Article
      Lock icon CHICAGO BOT
      104 26 Oct s| SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 09 936.00 912.00 942.00 910.75 Jan 10 939.25 916.75 945.00 915.50 Mar 10 940.75 918.75 945.50 916.50 May 10 939.25 918.75 943.75 917.50 SOYBEAN/OIL (60,000 lbs; usc/b) Close Previous High/Low Oct 09 34.28 33.73 34.45
      104 words
    • Article
      Lock icon OIL
      75 26 Oct s|| :rude ISS/barrel (FOB origin) Close Change Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) "apis blend /linas 69.92 1.72 71.54 1.91 67.76 -0.91 74.15 -0.90 70.90 -0.90 •RODUCT ISS/barrel (FOB S'pore) Close Change \l aphtha let Kerosene 63.40 -1.75 73.80 -1.55 JSS/barrel )pec Oil Basket
      75 words
    • Article
      Lock icon METALS
      60 26 Octs] /oz) >ct >ct long Kong 1043.*****0.90 Oct 08 Oct 07 .ondon 1051.*****2.40 1052.*****3.20 Source: Thomson Reuters SILVER Selling Buying >assbook 1 oz 24.57 24.34 Source: UOB >LATINUM Lon (US$/oz) Oct 08 Close Previous >M Fix 1335.*****3.00 iMFix 1336.*****6.00 Source: Thomson Reuters M-ATINUM NYMEX (US$/oz) Oct 08 Last Prev
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    • Article
      Lock icon PALM OIL
      55 26 Oct 9 )eiivety 4onth Opening Range Sett Price Av Price Low Vol Done Open Positioi Hh 3ct09 slov09 Dec 09 Jan 10 2129 202 2062 2100 2100 2062 1376 1288<: 2056 2085 2085 2046 9010 3269^ 2055 2082 2082 2046 2734 ***** Total o/p: ***** contracts Turnover: *****
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      Lock icon LONDON METALS
      71 26 Oct 8 Uuminium, mrity (US$/t tonne] Close Previous lash months 1875.50 1910.00 1807.95 1843.00 tapper, Grade A ;us$/ 'onne) lash J months 6311.75 6330.00 6073.75 6095.00 .ead (US$/ !:onne~ lash months 2258.25 2285.00 2127.00 2155.00 lid /tonne) lose ■revious Cash 3 months Tin (US$/tonne) *****.00 *****.00 *****.01 *****.01
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Singapore Olympics 2020?
      725 27  -  Wu Zhijian Hosting the games here would bring pride and glory to the country, as well as significant economic and intangible benefits. By I BELIEVE it is the dream of every Singaporean to host a summer Olympics in Singapore some day. This would not only bring great
      FILE PHOTO  -  725 words
    • Article, Illustration
      Lock icon The right to drink soda
      1093 27 IHT New York DEPENDING on what subway car you're riding in New York these days, you might either see an ad warning that soft drinks are dangerous to your health, or a sardonic opposing ad charging that the government's campaign against soft drinks threatens your
      IHT; STOCK.XCHNG  -  1,093 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon More for the kitty
        1004 28  -  Genevieve Cua Other than CPF, there are pension plans that enable you to save for retirement. By THE dearth of retirement savings is an issue that can be swept under the rug only for a short while. Longer lives, rising health care costs and structural unemployment
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        Lock icon Economic crisis hits locals' financial planning
        511 28  -  Felda Chay By feldac@sph.com.sg THE current global economic melt-down has shaken up Singaporeans' personal finance habits from planning for their retirement to savings and investments, according to a study by Aviva. The British insurance group's global Consumer Attitudes to Saving study shows that half
        STOCK.XCHNG  -  511 words
      • Article
        Lock icon BROKERS' TAKE
        669 28  -  Jamie Lee Fraser Neave Buy DBS Vickers Securities Oct 9 Close: $3.88 WE expect earnings to be within our estimates, when it is released on Nov 12. We are looking at bottomline of $335 million, down about 19 per cent y-o-y largely on asset impairment and write-downs during
        669 words
      • Article, Illustration
        Lock icon Tips for successful investing
        1110 29  -  Albert Lam WEALTH INSIGHTS Be disciplined, realistic and patient there really isn't any short cut and there's no magic formula Investment director IPP Financial Advisers MONEY cannot buy love but it can buy happiness. The topic of money is one ofthe most important in our lives.
        STOCKOOCHNG  -  1,110 words
      • Article, Illustration
        Lock icon What's a good store of value?
        1240 30  -  Teh Hooi Ling SHOW ME THE MONEY Investors are increasingly looking for alternatives to the US dollar as many are losing faith in the currency hooiling@sph.cotn.sg Senior correspondent In the following few years, gold prices surged significantly more than the Dow. This caused the
        Com piled by BTwithdatafrom Bloomberg and UR A  -  1,240 words
    • WEALTH REAL ESTATE
      • Article, Illustration
        Lock icon Ho Bee again looks abroad for growth
        937 32  -  Kalpana Rashiwala Developer sniffing for opportunities in China and London. By HARD pressed to find land in Singapore, developer Ho Bee Investment again plans to beat a path overseas to places such as China and London to grow. "We are still sniffing for
        937 words
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      1017 31 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (S$) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (S$) District 15 District 21 LANDED NON-LANDED Opera Estate 3-Ter 16/09/2009 FH 1762 1600 90S Kilat Court Apt 17/09/2009 FH 2088 1150 551 NON LANDED
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      65 33 MmtM I 111 Wmm W J W __L I I I I pIU t+mwm.'mM,'' _____F___--I I J _-L_PI--_ .I ht I _L S I __L_PI H __________H I k^^S^_______________K._^__-___l!l_^'^_________________! I L l-fc-. ____L_.____^______^*!iiS^^'j| VPS ■■■-■-^S-S^^ m I _H__l'___jjP_m'' _H M MxSfMEaifWJ.-- M MjiSMfw m mt ____S__l_KAriv __r*H_B*WfW*^c Brt'-F/ ..fl mklMmytf
      65 words
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  • BT Living
    • DESIGN
      • Article, Illustration
        Lock icon THE COMMUNE
        1745 35  -  Geoffrey Eu One parcel of land, one client, six houses, six architects. An unpredented project for the Lien family results in an architectural first for Singapore. By BEFORE he passed away in 2004, pioneer banker and philanthropist Lien Ying Chow had spent time discussing with his heirs different
        PHOTOS BY PATRICK BINGHAM-HALL  -  1,745 words
    • SHOPPING
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        Lock icon Well tooled
        873 36  -  Melissa Lwee At Porsche Design, functionality drives a design process that still offers elements of individuality. By PEN by any other name would still be a pen but a pen by Porsche Design is another thing altogether. Take the way liirgen Robert Gessler, CEO of the Porsche Design
        873 words
    • GADGETS
      • Article, Illustration
        Lock icon Hear hear!
        698 37  -  Christopher Lim Ultimate Ears and Jays bank on clarity and comfort to trump Apple's bargain audiophile earphones. By ABOUT a year ago, Apple lowered the price of admission to the world of audiophile earphones. Those containing pairs of tiny speakers called balanced armatures usually retail above $300. But
        698 words
    • CEOS' HAWKER GUIDE
      • Article, Illustration
        Lock icon insides & out
        1554 38  - insides out Jenny Tan BT Weekend gets the inside story of the best stalls that serve kway chap and pig's organ soup. By SHOULD proof ever be needed that the Chinese can make a dish out of anything, kway chap and pig's organ soup would convince in an instant. Kway
        PHOTOS BY YEN MENG Jl  -  1,554 words
      • Article, Illustration
        Lock icon In pursuit of perfection
        598 38  -  Audrey Phoon William Choo Commercial director, Lexus By WILLIAM Choo may be the commercial director of a car marque that produces pretty high-tech machines, but when it comes to food, he likes some ofthe good old-fash-ioned stuff. Explains the 53-year-old: "I entertain and eat out quite
        598 words
    • DINING
      • Article, Illustration
        Lock icon HAUTE FOOD
        1704 39  -  Audrey Phoon Beschle Chocolatier Suisse (to open in November) #01-18 Mandarin Gallery 333 Orchard Road www.beschlechocolatier.com These three companies specialise in unique gourmet products that delight palate, body and soul. By SHUMIT Chanda is wearing a jacket that he calls his "corporate identity" for this interview. It's black
        VOM FASS PHOTOS BY ARTHUR LEE  -  1,704 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon Rub of the green
        1308 40  -  Cheah Ui-Hoon Architect Lim Chong Keat reveals his other passion botany. By WEEKEND WITH LIM CHONG KEAT RETIRED ARCHITECT, BOTANICAL RESEARCHER I' AVING made his name as an architect in Singapore and in Malaysia which included setting up the School of Building and Architecture at Singapore
        1,308 words
    • TRAVEL
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        Lock icon London calling
        1525 41  -  Michael Chiang The Brit city is really not as staid and stolid as you think. By WHEN London shows up on the travel itinerary, the adrenaline rarely rises. Not in the same way it spikes when Tokyo or New York show up on the radar. Sure, London has
        PHOTOS BY MICHAEL CHIANG; ETIHAD  -  1,525 words
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        Lock icon Gastronomic grandeur
        825 42  -  Maisy Koh London's restaurant scene still has plenty to offer discerning palates, as finds out. IT'S been a while since London could even be remotely considered a reasonably-priced holiday destination. Although the pound has risen somewhat after its severe battering from the financial meltdown, it's still worth considering,
        TRUFFLE TOAST; FILM ON MOSS  -  825 words
    • HEALTH
      • Article, Illustration
        Lock icon Thesood, the bad, and the ugly
        801 43  -  Cheah Ui-Hoon Taking statins to control your bad cholesterol may not protect you from a heart attack if your good cholesterol is not high enough. By MOST of us know about the danger of having high levels of "bad" cholesterol (LDL-C) but what we
        Singapore Lipid Guidelines  -  801 words
      • Article
        Lock icon Preferential rates off medical services with new privilege cards
        350 43  -  Cheah Ui-Hoon By EVEN if you're not one of the mere mortals who worry about the economic downturn and the effects of inflation, and aren't familiar with US healthcare insurance issues, you'd still be aware ofthe rising costs of healthcare. Which
        350 words
    • SPORT
      • Article
        Lock icon Golf, rugby sevens get nod for 2016 Olympics
        473 44 AFP Copenhagen GOLF and rugby union sevens will be included as sports at the 2016 Olympic Games in Rio de laneiro, the International Olympic Committee (IOC) announced yesterday. lOC members rub-ber-stamped the two sports at a congress in Copenhagen after the executive
        AFP  -  473 words
    • GOLF
      • Article, Illustration
        Lock icon Golfs next big thing?
        1075 45  -  Justine Moss Teenager Alexis Thompson is in the spotlight at 14, and looks set to follow in the footsteps of other prodigies. By LAST week saw a young 14-year-old mix it up with some of the best in the business at the Navistar LPGA Classic. Alexis
        AFP  -  1,075 words
    • MOTORING
      • Article, Illustration
        Lock icon The beginning of a new Legacy
        491 46  -  Samuel Ec It is much different from the previous car in terms of looks, size and comfort. By TWO new qualities of size and comfort have transformed the once hard-edged Subaru Legacy. The latest Legacy is bigger and more comfortable and unlike the lapanese
        491 words
      • Article, Illustration
        Lock icon More space, less pace
        370 46  -  Samuel Ec THE Subaru Legacy also comes in an estate bodystyle with two variations a Wagon with normal ride height and an Outback with wider fenders that is jacked up by 110 mm. As a lifestyle choice, the big and roomy Subaru Legacy Outback 2.5 i
        370 words
      • Article, Illustration
        Lock icon 90 YEARS OF INNOVATION
        646 47  -  Samuel Ec THE CITROEN LIFESTYLE SERIES French carmaker Citroen continues to uphold performance and technology as its defining corporate values. By 2009 marks the 90th anniversary ofthe iconic French carmaker Citroen. Named after its founder Andre Citroen, the first Citroen factory didn't produce cars but munitions.
        646 words
      • Article, Illustration
        Lock icon STAR PERFORMER
        607 48  -  Samuel Ec The best all-round executive sedan right now that's the latest E-Class. By WHAT makes a car special? The answer usually has something to do with its rarity and/or price, and sometimes, even how difficult it is to drive. Strangely, all these three conditions do not apply
        607 words
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      1160 44 Wine^ Cline with BTWeekend Chatterbox over 30 wine labels, available by the glass cuisine by Chefs Obauer at Brasserie Les Level 39, Orchard Wing and bottle. Lunch: Monday to Saturday: Saveurs from Friday, 30th October to Meritus Mandarin Singapore $45.00++ per person. Amazing Graze Sunday Sunday 1st November 2009. The
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      31 47 ciTßoin CREATIVE TECHNOLOGY /qG^q 15r SSS^^ mmmmm^m C 42 ciTßoin <^ CELEBRATING 90 YEARS OF ICONIC INNOVATIONS. V /f V\ r^ /r_^ CREATIVE TECHNOLOGIE v^^"\~F Discover more at www.citroen.com.sg/yO. _-_--^^jk_^fl JB-HBH-l-n-l WfllW-IWB-W-11-H
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      80 48 i_^--_^L_( ~\w r" ■■'^-■*/_i Nt'ri ______J MMW'" ImmmL r^____i^^ __r_-r---M -B ME L^r.: o_i J___ v ffs,; K___^ P/' m mM _Hks H BMW Z4 aDrive 1E39) BMW 3-aeriea Hardloo Cabriolet BMWMS^aries Awrllablaln Avallablaln __^m___P7_lW Ai_Jlable In Caupa JPJ^ oDrivo2&/ rr _f_f^ 320r 323 i 32S 33& i 1 "ff^
      80 words