The Business Times, 20 October 2009

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Microfilm: NL30173
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf!i A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Tuesday, October 20,2009
    20 words
  • Article, Illustration
    Lock icon Big-spending budget to prop recovery next year
    804 1  -  CHUANG PECK MING FELDA CHAY Tharman indicates another deficit in 2010 but more targeted govt spending By and [SINGAPORE] Finance Minister Tharman Shanmugaratnam yesterday said that even more money will be pumped into the economy through the 2010 government budget in what some
    FILE PHOTO  -  804 words
  • Article
    Lock icon Power to the people at competitive bids
    596 1  -  RONNIE LIM EMA may open part of vested consumer market to bidding by gencos in January By [SINGAPORE] Come January, Singapore's generating companies (gencos) will start vying for a slice of the domestic electricity market here, sources say. This area had not been
    596 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      46 1 lorn lay lange 1 COMP 1,261.49 +4.72 IIKKEI225 10,236.51 -21.05 IANG SENG 22,200.46 +270.56 ;et index 731.61 +14.49 JAKARTA COMP 2,520.92 +5.12 1ANILA COMP 2,932.20 +9.38 ;eoulcomp 1,649.07 +8.71 ;henzhenb 533.59 +8.42 IUMBAI IND Closed 12 noon EDT Cham )OW 10,105.04 +109.13 IASDAQ 2,179.58 +22.78
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    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.803 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ ier US$) 1.392 (USS/SS ier 1.626 2.263 :URO (US$/S$/E) 1.494 2.079 Foreign currency per US$ S$ 'EN 90.60 65.10 3.376 2.425 IK$ 7.750 5.569 !AHT 33.43 24.02 1UPIAH 9,390 6,747 1ENMINBI 6.827 4.905 INDIAN RUPEE 46.09 33.12 1.084 0.779 IZ$ 1.337 0.961
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      82 1 INSIDER EPS CURRENCIES AUTO INDUSTRY MM f^K f CORPORATE TRADING CASE M^Hj Purchasing power calculations Nissan bets on battery RESULTS A window on hedge Wl show euro over-valued power, electric car L^^^^± A-Reit Q2 income fund secrets page 4 page 16 page 4 Ml fc^^ m up 11.7% pages SME
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Big-spending budget to prop up recovery next year
        86 2 FINANCE Minister Tharman Shanmugaratnam yesterday said that even more money will be pumped into the economy through the 2010 government budget in what some see as a suggestion that the current rebound will not hold up without support. "We are spending a
        86 words
      • Article
        Lock icon Power to the people at competitive bids
        65 2 COME January, Singapore's generating companies will start vying for a slice of the domestic electricity market here, sources say. This area had not been touched by competition so far, but the government is taking interim steps to open it up to benefit small
        65 words
      • Article
        Lock icon Spore on verge of exiting OECD tax info grey list
        81 2 SINGAPORE is closer to moving off the Organisation for Economic Cooperation and Development's "grey list" when it comes to sharing information for tax purposes. It has reached agreement with 20 jurisdictions to incorporate OECD's exchange-of-information standard in tax treaties. And
        81 words
      • Article
        Lock icon S'pore prepares to tighten hedge fund regulations
        70 2 SINGAPORE is preparing to tighten regulations for hedge funds and other alternative fund managers, potentially making it more difficult and expensive for smaller newcomers to set up operations, sources said. The Monetary Authority of Singapore is likely to issue draft guidelines for public
        70 words
      • Article
        Lock icon Ascendas Reit Q2 income rises but DPU falls
        78 2 ASCENDAS Real Estate Investment Trust yesterday reported a net property income of $81.1 million for the second quarter ended Sept 30 up 11.7 per cent from a year ago. Distributable income also increased as a result, rising 15.4 per cent from the
        78 words
      • Article
        Lock icon Natural Cool plans HK listing for new subsidiary
        62 2 NATURAL Cool plans to carve out some of its operations in parts of Malaysia, India and Singapore into a separate listing on Hong Kong's secondary board. The Catalist-listed company which installs and repairs air-conditioning systems said it plans to create a new
        62 words
      • Article
        Lock icon RBS pushing wholesale banking through S'pore
        57 2 ROYAL Bank of Scotland which recently sold parts of its retail business in Asia will make new investments into Singapore to propel its wholesale banking business. The bank has also designated the city state as a global trading hub and, alongside India, a key
        57 words
      • Article
        Lock icon Purchasing power calculations show euro over-valued
        70 2 THE surge of the euro against the US dollar and Asian currencies has placed the currency at extreme levels of overvaluation, according to purchasing power parity calculations. The high currency value placed Asian exporters at a strong advantage, but the longer the euro remains
        70 words
    • Article
      Lock icon S'pore on verge of exiting OECD tax info grey list
      588 2  -  EMILYN YAP It needs to sign only one more tax treaty to be promoted to 'white list' By I [SINGAPORE] Singapore is closer to moving off the Organisation for Economic Cooperation and Development's (OECD) "grey list" when it comes to
      588 words
    • Article, Illustration
      Lock icon IP rights, rule of law our competitive edge: MM Lee
      552 2  -  CHEW XIANG Spore will resist commitments to firm cuts in emissions at Kyoto II By [SINGAPORE] Singapore's protection of intellectual property and rule of law will at least for the time being keep it ahead of the Chinese dragon, Minister
      FILE PHOTO  -  552 words
    • Article, Illustration
      Lock icon Case opens window on hedge fund secrets
      864 4 NYT, AFP, Reuters, Bloomberg Galleon boss in insider trading case had his network of spies: prosecutors [NEW YORK] Clandestine meetings. "Secure" phone lines. Wiretaps. In an operation more worthy of a spy agency than a regulatory authority, the US Securities and Exchange Commission
      – NYT, AFP, Reuters,; Bloomberg; BLOOMBERG  -  864 words
    • Article
      Lock icon Temasek plans 10-year US$ bond issue
      486 4  -  CONRAD TAN Bonds maturing in 2019 rated triple-A by S&P and Moody's By [SINGAPORE] Temasek Holdings plans to sell 10-year US dollar bonds that will be listed on the Singapore Exchange (SGX) as part of a US$5 billion medi-um-term note programme it started in
      486 words
    • Article
      Lock icon S'pore prepares to tighten hedge fund regulations
      585 4 Reuters Move could curb entry of smaller newcomers: sources [SINGAPORE] Singapore is preparing to tighten regulations for hedge funds and other alternative fund managers, potentially making it more difficult and expensive for smaller newcomers to set up operations, sources said. Fund managers in
      Reuters  -  585 words
    • Article, Illustration
      Lock icon Nissan bets on battery power, electric car future
      579 4  -  ANTHONY ROWLEY Car maker and its parent Renault will manufacture both By in Tokyo JAPAN'S second biggest car marker, Nissan, and its French parent Renault intend to sink a huge investment into producing batteries for electric cars in the belief that electric
      AFP  -  579 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      211 2 INVEST INTO Australian Companies Right now there are many AustraNan companies who are seeking growth capital from international investors. We represent many of these companies and we are seeking registrations of interest from Asian investors. w \.JL 1 4 VVfl As well as simply capital, many of these are interested
      211 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      117 2 IpRIVINGf J HBiF33^l 4F J B^H [Managing fl -J |H theFufure J^ Robert B. Tucker live! The World's Leading Innovation Guru Best Selling Author Globally Renowned Innovation Consultant Enable Rapid Innovation and Competitive Advantage Create a Culture of Innovation with All Teams in the Organization lAI |^p|-^ ITD GROUP C°"°rganiser:
      117 words
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  • Page 3 Advertisements
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      525 3 10% Year-round Rebates Complimentary Shopping Vouchers N^ m Exclusive Previews >^x\l -£rf^l V Wardrobe by Burberry 'Jewellery by En Haute Joaillerie ■■■■f fc^l |M L I I mm If F^l" \UM w W^*{ Complimentary Year-round Parking \lb $500 Shopping Vouchers j^l m. P^|^^^ /w Welcome Treat f I J M
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  • Page 4 Advertisements
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      232 4 Spirit^ Hp four 2>/h/t^ &xj>erieH/:e I Our group started with the popular Jack's Place I *****r01D6 Steakhousein 1966 We then evolved to include more Bfl (S dining concepts. In each of our 4 dining concepts, our Mn customers recognised our ability to add zing to the dining affair-Just like a
      232 words
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      Lock icon Page 4 Advertisements Column 2
      103 4 Fantasy Waterbeds Pte Ltd *^£j3JS Where Sleep Matters. "^V: Take a permanent break from your aches. -~p\ Designed for maximum comfort to soothe the most tired and aching I K*J ~J I muscles, you can finally experience V J Ir* complete holistic sleep and all the y^f- benefits that come
      103 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon A-Reit property income up 11.7% for Q2
      400 5  -  EMILYN YAP DPU falls as equity base grows after fund-raising, occupancy slips By ASCENDAS Real Estate Investment Trust (A-Reit) yesterday reported a net property income of $81.1 million for the second quarter ended Sept 30-up 11.7 per cent from a year ago. Distributable
      FILE PHOTO  -  400 words
    • Article
      Lock icon Tembusu raising US$35m for China fund
      217 5  -  TEH SHI NING By LOCAL private equity firm Tembusu Partners has been appointed by an A-shares unit trust fund managed by China Asset Management Company to raise US$35 million in Singapore via a feeder fund. The China Capital Impetus Fund's investment focus is on
      217 words
    • Article
      Lock icon Time to update governance practices
      1268 8  -  MICHELLE QUAH HOCK LOCK SIEW By SINGAPORE is long overdue for an update to its Code of Corporate Governance and one key area that needs to be re-exam-ined is its section on independent directors (IDs). Since the Code's issue in 2005, much has changed in
      1,268 words
    • Article
      Lock icon Two AP Oil directors plead guilty to breaches of SFA
      488 8  -  LYNETTE KHOO Chairman, director of operations filing mitigating pleas By TWO directors of AP Oil International pleaded guilty in court yesterday for separate breaches of the Securities and Futures Act (SFA). They are now filing mitigating pleas and sentencing will
      488 words
    • Article, Illustration
      Lock icon Qian Hu Q3 net profit up 9.8%
      364 8  -  TEH SHI NING By QIAN Hu's third-quarter net profit rose 9.8 per cent to $1.7 million, from $1.5 million a year ago. Revenue rose 1.1 per cent to $23.9 million for the quarter that ended Sept 30, from $23.6 million last year, the
      364 words
    • Article
      Lock icon At a glance
      166 8 9-month and Q3 results ended September 2009 9 months ended Sept 2009 3 months ended Sept 2009 1 MobileOne I 113.10 113.50 -0.4 565.30 605.90 -6.7 34.20 34.40 -0.6 188.40 196.70 -4.2 2 K-Reit 51.12 40.77 25.4 45.80 38.36 19.4 17.97 15.19 18.3 15.65 13.86 12.9 3
      166 words
    • Article, Illustration
      Lock icon Natural Cool to revamp, then list new unit in HK
      359 9  -  JAMIE LEE Move aimed at attracting different base of investors, raising global profile By NATURAL Cool plans to carve out some of its operations in parts of Malaysia, India and Singapore into a separate listing on Hong Kong's secondary board.
      359 words
    • Article
      Lock icon China firm set for biggest Singapore IPO since 2008
      386 9 Reuters [HONG KONG] Minzhong, a leading Chinese food processing company backed by Singapore's GIC and buyout fund Olympus Capital, has hired JPMorgan to help it go public, sources said yesterday. It would be Singapore's largest IPO since June 2008. Minzhong, based
      – Reuters  -  386 words
    • COMPANY BRIEFS
      • Article
        Lock icon Guthrie wins $124m contract in UAE
        79 9 GUTHRIE GTS has won a $124 million engineering contract in the United Arab Emirates. The contract involves mechanical, electrical and plumbing works for a mixed development project of five high-rise apartments/office towers, a raised podium for car parking and basement car parking on Al-Reem
        79 words
      • Article
        Lock icon Advanced Integrated expects Q3 loss
        45 9 ADVANCED Integrated Manufacturing Corp expects to make a net loss for the third quarter ended Sept 30, 2009 due to inventories written off from the cessation of its electronics business and partly due to the operational loss from continuing business.
        45 words
    • Article
      Lock icon SPH wins top prize for integrated ad campaign
      300 9 The award honours a paper's ability to add value THE use of three media platforms newspapers, radio and Internet for an advertising campaign helped Singapore Press Holdings snare the Best in Cross Media Award at the Bth Asia Media Awards organised by
      300 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      210 5 HE. 'A, V j* 's,*n #*ri I^h'h, /V^ r |—I —r-i —pr~i 1• SH d *fc J j\ !9ttJ| ill lllii fch,^^ V Servcorp Virtual Offices The most professional business image from $110 per month Full business and IT solutions without the physical office space Best address, dedicated receptionist, global
      210 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Mixed close on hopes of US rise
      568 6  -  R SIVANITHY STOCKS The biggest drag on the STI is from a 14-cent fall in the shares of the Singapore Exchange THE local market marched to the tune of Hong Kong yesterday and to a greater extent expectations of how Wall Street would
      Bloomberg  -  568 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      101 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 7 8 2 0 0 0 7 8 2 Manufacturing 51 44 76 15 60 50 91 Commerce 25 18 28 31 19 31 )t/Stor/Comms 14 14 14 15 14 15 Finance 14
      101 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 6 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 40.097 40.097 45.609 45.609 Manufacture 430.462 17.394 447.856 210.807 873 211.680 Commerce 95.700 70.623 166.323 61.869 13.333 75.201 Tpt/Stor/Comms 132.540 11.999 144.539 160.126 3.597 163.723 Finance 35.961 35.961 151.782 151.782 Construction 43.534 9.597 53.131 6.076
      122 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 6 Capita Land 4.150 4-0.060 CapitaMall 1.760 -0.020 CityDev 10.260 4-0.020 ComfortDelGro 1.580 -0.020 Cosco Corp 1.240 4-0.010 DBS Grp 13.340 F&N 3.900 -0.030 Genting SP 1.130 Golden Agri 0.440 4-0.005 HK Land 4.700 4-0.040 JMH 29.960 -0.040 JSH 17.520 -0.060 JardineC&C 26.080 -0.460 Keppel Corp 8.330
      106 words
    • Article
      Lock icon BROKERS' TAKE
      272 6  -  JAMIE LEE Ying Li Inf I Real Estate Oct 19 close: $0,855 DMG PARTNERS SECURITIES, Oct 19 WE like Ying Li International Real Estate's (Ying Li) pure play commercial property exposure to Chongqing, one of China's fastest growing second-tier cities. We view most positively Ying Li's proven track
      272 words
    • Article, Illustration
      Lock icon Chart trends look promising for Reits
      171 6  -  KEN TAI CHART POINT THE Straits Times Index reached a high of 2,724 last week but retreated marginally before closing at 2,708. The psychological 2,700 threshold is important to watch because the STl's ability to stay above it will determine the sustainability of this
      Bloomberg  -  171 words
    • Article, Illustration
      Lock icon Dollar sinks against euro, nearing 14-month low
      502 6 CURRENCIES [LONDON] The dollar fell broadly yesterday, nearing a 14-month low against the euro, as optimism about global economic recovery and expectations that US interest rates will stay low kept the US currency under pressure. European equities rose 1.1 per cent, reflecting buoyant
      BLOOMBERG  -  502 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 6 Oct 19 VALUE CLOSE BT OB/OS 1069.00+444.0 BT CADI -*****.00 +69.0 BT 10-day MA -*****.00+107.0 FTSE ST Mid Cap 636.65 +3.15 FTSE ST Small Cap 551.27 +4.35 FTSE ST All Share 668.80 +1.50 FTSE ST China Top 283.98 +3.37 FTSE ST China 298.86 +2.96 FTSE ST Catalist
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Golden Aqri 73,999,000 Transcu Grp 63,306,000 Ziwo 56,748,000 Uni Envtech 54,389,000 Novena 53,848,000 Biosensors 48,533,000 Gentinq SP 45,260,000 Ying Li 42,610,000 ChinaEratat 36,354,000 RafflesEdu 34,473,000 VALUE(S) SingTel 72,592,700 Genting SP 51,183,260 SGX 48,934,430 Yanlord 41,626,570 Ying Li 36,190,095 DBS Grp 34,406,180 UOB 34,092,164 Biosensors 33,820,900 StraitsAsia
      55 words
    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP GLD 10US$ ***** 109.9 0.8 MS India 10US$ 1498 44.5 2.2 DBS Bk6% NCPS 10 ***** 32.0 0.3 DBXT S&P Short 10US$ 5632 30.6 0.4 FXA50ETFMBLeCW*****7 66 11.0 20.0 OCBC Bk5.1%NCPS 100 ***** 10.0 0.1 EasternEuro 541 8.3 1.1 India Ni 10 1570 8.0 0.
      110 words
    • Article
      Lock icon FALLS
      107 6 CLOSE DOWN DBXT FTVietnam 10US$ 5671 -127.9 -1.6 DBXT FTChina25 10US$ 3064 -70.9 -1.6 DBXT Ni 10US$ ***** -52.9 -0.3 Jardine C&C 2608 -46.0 -1.7 UOB.ES.0910 1698 -18.0 -1.0 FXA50ETFMBLePW*****5 26 -16.0 -38.1 Kei Con .ES.0910 828 -15.0 -1.1 SGX.ES.0910 833 -15.0 -1.8 DBS.ES.0910 1320 -14.0 -1.0 SGX 834
      107 words
    • Article
      Lock icon CURRENCIES
      84 6 iere! S$ stands Oct 19 %CHNG CLOSE FR0O16 YR2009 S$ LOW S$ HIGH USS 1.3919 0.15 1.5579 1.3897 Euro 2.0788 -0.02 2.0897 1.9150 Pounds 2.2710 0.12 2.4366 2.0356 AS 1.2825 0.20 1.2851 0.9453 Yen* 1.5320 -0.20 1.7278 1.4831 Rupiah* 0.***** 0.04 0.***** 0.***** Baht* 4.1699 -0.03 4.3390 4.1040 Peso*
      84 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      99 6 The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for both significant gains as well as losses. Before investing you should carefully
      99 words
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  • Page 7 Advertisements
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      53 7 m Jm Jtt W^M Title Sponsor In Support Of Sports Promotion Partners In Sports Official Hotel Official Airline ©OCBCBank •(C»ssl l WM A« B^ J^ Giving Hope. Improving Lives. m|||j||^ Royal Dutch Airlines QQUSu^^H Official Cyclewear Official Bike Official Components Accessories Official Radio Station Official Isotonic Drink Event Owner Organiser
      53 words
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  • Page 8 Advertisements
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      516 8 I ll^'.l'.HlT&T I Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2009 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the third quarter and
      516 words
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  • Page 9 Advertisements
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      313 9 CIMB Bank Raffles Place, 50 Raffles Place #01-02, Singapore Land Tower, Singapore *****3. Operating Hours: Personal Financial Services Mondays to Fridays from 9.00 a.m. t06.00p.m., Saturdays from 9.00 a.m. to 1.00 p.m., closed on Sundays and Public Holidays. Counter Services -Mondays to Fridays from 9.00 a.m. to 4.30 p.m., closed
      313 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S'pore a key technology, trading centre for RBS
      652 10  -  OH BOON PING Bank aims to double share of Asian wholesale market by 2015 By [SINGAPORE] Royal Bank of Scotland (RBS) which recently sold parts of its retail business in Asia will make new investments in Singapore to propel its wholesale banking
      652 words
    • Article
      Lock icon Playing field for pay TV market still evolving
      347 10  -  CHUANG PECK MING YESTERDAY IN PARLIAMENT By' THE competitive landscape of Singapore's pay TV market is still evolving, so it is too early to conclude it cannot support more players, Acting Information, Communications and the Arts Minister Lvi Tuck Yew said yesterday.
      347 words
    • PARLIAMENT BRIEFS
      • Article
        Lock icon Spin-offs from F1 race likely to be smaller
        128 10 THE recession has hit corporate sponsorship of the arts and the spin-offs from the Singapore Grand Prix this year are likely to be smaller than last year's. The Formula One race generated an estimated $500 million-plus in spending last year. But Senior
        128 words
      • Article
        Lock icon Quorum required for stat board meetings
        60 10 THE Finance Minister has taken up a recommendation by the Auditor-General's Office to prescribe a quorum for meetings of statutory boards. The quorum will be "one-third of the total number of members or three members, whichever is higher" for the board meetings of all
        60 words
    • Article
      Lock icon Part-time MBA grads' pay, intake hit by downturn
      282 10  -  TEH SHI NING Reports by THE downturn has hit executive pay worldwide, an unsurprising trend that showed up in data collected for the Financial Times (FT) 2009 ranking of executive MBA (EMBA) programmes part-time MBA degrees for senior working managers. EMBA graduates'
      282 words
    • Article
      Lock icon NUS' EMBA ranked 11th worldwide
      194 10 NUS Business School's Asia-Pacific Executive Master of Business Administration (EMBA) programme has been ranked 11th worldwide in the Financial Times (FT) 2009 list of EMBA programmes up nine places from 20th last year. The school said this is the highest global ranking a Singapore MBA
      194 words
    • Article
      Lock icon Singapore, Malaysia expand air pact
      317 10  -  JOYCE HOOI New destinations include Alor Setar, Bintulu and Labuan By SINGAPORE and Malaysia will be expanding their bilateral air services agreement after talks in Kuching, Malaysia, the Ministry of Transport announced yesterday. This new agreement gives both countries' carriers the right to operate passenger
      317 words
    • Article
      Lock icon Law firm builds strategy around China-India nexus
      524 10  -  CHEWXIANG By A RELATIVELY small local law firm is bucking the trend by tying up with Chinese and Indian firms to create a regional practice. Central Chambers, an 18-lawyer outfit headed by managing partner Aloysius Wee, in July formed a joint law venture
      524 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon IDA, Oman authority extend pact
        68 10 THE Information Technology Authority of Oman and the Infocomm Development Authority of Singapore (IDA) have extended a memorandum of understanding signed in October 2007 to collaborate on information and communications technology (ICT). This includes the use of ICT by government and sectors such as education,
        68 words
      • Article
        Lock icon Retailers meeting in October 2011
        91 10 SINGAPORE is set to host the Asia-Pacific Retailers Convention and Exhibition (APRCE) from Oct 10-13, 2011. An estimated 2,500 participants from the 17 member countries of the Federation of Asia-Pacific Retailers Associations (FAPRA) are expected to take part. The event aims to discover new approaches
        91 words
      • Article
        Lock icon BNY Mellon unit opens ops centre
        47 10 FINANCIAL services technology provider Eagle Investment Systems yesterday announced the opening of an operational centre in Singapore its first in Asia. The firm, a wholly owned subsidiary of BNY Mellon, said the office is at Millenia Tower within BNY Mellon's office.
        47 words
      • Article
        Lock icon Travel trade show opens tomorrow
        48 10 THE second edition of ITB Asia a trade show for the Asian travel market that will feature hundreds of exhibiting companies takes place at Suntec Singapore Exhibition and Convention Centre from tomorrow until Friday. It is organised by Messe Berlin Singapore Pte Ltd.
        48 words
  • Page 10 Advertisements
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      24 10 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg j* •1* I
      24 words
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  • Page 11 Advertisements
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      83 11 MM I ffl Hk TRAVEL AWARDS B MMW\ > 2007 2008 2009 Best City Hotel Best Independent Hotel Best Independent Hotel Asia-Pacific Asia-Pacific Asia-Pacific 3 Years Running! would like to thank our ever loyal guests. For them, we will run forever." Patrick Fiat General Manager Royal Plaza on Scotts WHAT
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  • SME Inc
    • Article, Illustration
      Lock icon If at first you fail, try again
      938 12 Mistakes help the founders of Tactica Labs highlight critical aspects of business they ignored previously, reports JOANNE TANG S the saying goes mistakes are part of life. This A rings espeA cially true in the business world where marketing positioning, timing of entry,
      YEN MENG JIIN  -  938 words
    • Article
      Lock icon Small caps firm amid positive sentiment
      393 12  -  TEH HOOI LING By SMALL cap stocks continued to firm last week amid positive sentiment. Our small cap portfolio added 1.8 per cent, slightly outpacing the 1.2 per cent gain in the Straits Times Index (STI). Gainers in the portfolio outnumbered the losers by
      393 words
    • Article
      Lock icon Giving the sector some food for thought
      784 13  -  CHEN HUIFEN By SINGAPORE food manufacturers have a high chance of creating global brands among them, if only they would leverage more on innovation, originality and marketing. "Food is one of those sectors where there is a high chance for creation," says Wilson
      784 words
    • Article, Illustration
      Lock icon Challenges of diversification for SMEs
      875 13  -  KULWANT SINGH ISHTIAQ PASHA MAHMOOD Diversification is one of the most difficult strategies that SMEs use to tackle market woes By and I THE government and many business consultants encourage local businesses to look beyond Singapore to expand into larger overseas markets. This call to
      AFP  -  875 words
    • Article, Illustration
      Lock icon How Kenyon keeps going from strength to strength
      816 14 The very fact that its staff call themselves 'Kenyonians' shows the sense of pride and belonging that MD Tan Yong Keng has fostered in his workers while running a tight ship, report JESSICA CHU NGA, ONG MENG CHING and STELLA TAY A
      ARTHUR LEE  -  816 words
    • Article, Illustration
      Lock icon Give them the tools and they'll finish the job
      882 14 Vertical integration and astute investment in R&D give Taipei Industries a leg up the value chain, and a crucial advantage over competitors, report TERESA NG MEIYAN, DESMOND ONG WEI LIANG, STEFANIE INDRADEWI SURYOPUTRO and LAURA TANUWIDJAJA FROM a distributor of Taiwanese
      882 words
    • Article, Illustration
      Lock icon Business as usual despite quake
      674 15 THIS WEEK'S TOPIC Has your company cut back on non-essential business travel to the earthquake countries? Have your operations been affected by the recent disasters in the region? Seah Cheong Leng CEO EPChem International Pte Ltd ON Sept 30, 5.30 pm, almost everyone in the
      AP  -  674 words
  • Page 12 Advertisements
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      823 12 CAPITAL SQUARE PTE LTD (Company Registration No. *****8678R) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the "Companies Act") that at an Extraordinary General Meeting of Capital Square Pte Ltd (the "Company") held in Singapore on
      823 words
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      44 12 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. >=* (fw Call 1800 289 8822 or email notices@sph.com.sg. NOTICES *M
      44 words
  • Page 12 Miscellaneous
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      69 13 Call 6-594 7594 now for the IT Specialists Cfnno Fnroct I Microsoft ITfffffJffil gtHTffg Oil/I IV» I \J\ CJI I I GOLDCERTIFIED ■dJI www.StoneForestlT.com.sg Partner (^y^^p Qjg^^ nP HND THE ONES h<AW THATFIH cf^ 1 Recruit the right people through CATS Recruit. 1 3 v—tp^ Call 1800 289 8822 or
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      80 13 OOCBC Bank^V lUIHUAYANG Special Promo UU i, m"d i sTT -FREE $1000 Petrol Voucher -FREE $1000 Service Voucher ;§^V^K"%wH »nzE!ia ikm mv i Audi «T f Roadster 2.0 Audi A 5 Coupe/Cabriolet CSL 5 (S-Line) P^^^BarT^^^jr^ |fr nsc; m^L^K^V^£\ in£*^\\ BMW 320 (M-Sport) Cabriolet BMW Z4 2.3 i Mercedes E2OO/E250
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  • Page 14 Advertisements
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      63 14 ENTERPRISE Celebrating Singapore's Enterprising Spirit 2009 This series is part of the Enterprise 50 Educational Project between the E5O partners and the NUS Business School. Kenyon Engineering and Taipei Industries were among the E5O winners in 2008. The annual E5O ranking is co-organised by The Business Times and KPMG, sponsored
      63 words
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  • Page 15 Advertisements
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      287 15 9.00 am Male, 42, checked in to the 12.06pm It's a new set of golf clubs. Pan Pacific Serviced Suites but he He's meeting some clients at Urban 8.36pm He's joining some people doesn't stay long. It's early but he's Fairways on Club Street. What's next for excluslve P arty
      287 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      107 15 The topic for next week's SME Voices Column is: What do you think of the labour movement's suggestion to transform Singapore into a "cheaper, better, faster" economy? What would it take for SMEs like your company to adopt initiatives that will align with the "cheaper, better, faster" mantra? If you
      107 words
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  • ECONOMY WATCH
    • Article
      Lock icon Purchasing power calculations show euro over-valued
      641 16  -  NEIL BEHRMANN Asian central banks, investors are paying pricey sum to diversify from US$ By in London THE surge of the euro against the US dollar and Asian currencies has placed the currency at extreme levels of overvaluation, according to purchasing power parity calculations.
      641 words
    • Article
      Lock icon No weakening in demand for US Treasuries
      637 16 Bloomberg Worry that recovery may falter is spurring demand [NEW YORK] Investors can't get enough Treasuries even as the US budget deficit climbs beyond US$l trillion, the government sells a record amount of debt and the dollar declines to the weakest level since
      Bloomberg  -  637 words
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      Lock icon Philippine economy reeling from battering by storms
      548 16 -AFP [MANILA] Powerful storms that claimed nearly 1,000 lives in the Philippines have also taken a heavy toll on the nation's economy, with the impoverished Southeast Asian nation expected to take years to recover. The twin storms that pounded the main Luzon island
      -AFP; AFP  -  548 words
    • Article
      Lock icon Australia aims for 'normal' interest rates
      578 16 Reuters Chances of rate rise on Nov 3 after Lowe's comments [SYDNEY] Australia's central bank is focused on inflation and the need to return to more normal interest rates, a senior central banker said yesterday in comments that kept alive chances of a steep
      – Reuters  -  578 words
    • Article
      Lock icon NZ central bank may raise interest rates next March
      462 16 Bloomberg [WELLINGTON] New Zealand's central bank could raise interest rates as early as March next year as the pace of the economic recovery accelerates and inflation pressures build, according to economists. Two of 11 economists surveyed by Bloomberg News expect Reserve
      – Bloomberg  -  462 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon RHB Capital eyes stake in Bank Mestika
      640 17  -  > PAULINE NG Acquisition will let it secure a toehold in the region's fastest growing market By in Kuala Lumpur MALAYSIA'S RHB Capital has proposed acquiring 80 per cent of Indonesia's Medan-based PT BankMestika Dharma for RM1.16 billion (*****.3 million) in a move
      REUTERS  -  640 words
    • Article
      Lock icon Palm oil: M'sia rejects criticisms
      373 17 Reuters KUALA LUMPUR, Oct 19 (Reuters) Malaysia wants to standardise the way palm oil's impact on the environment is calculated, senior officials said on Monday, as it seeks to counter criticism that the industry fuels climate change. Next year the European Union, a top biofuels
      ■ Reuters  -  373 words
    • Article, Illustration
      Lock icon Analysts rerate Star as best proxy to recovery
      441 17  -  S JAYASANKARAN By in Kuala Lumpur STAR Publications, the publisher of the most popular English newspaper in Malaysia, is being rerated by analysts as the best proxy to a recovering Malaysian economy in 2010. The Star, whose eponymously named English paper sells
      THE STAR  -  441 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China growth to top 8% in '09
      690 18 AP, Reuters Another initiative to rein in industrial overcapacity unveiled [SHANGHAI] China's economy expanded more than 7 per cent in the first nine months of the year and will certainly surpass the 2009 growth target of 8 per cent, a top economic official
      AP, Reuters; REUTERS  -  690 words
    • Article
      Lock icon US dollar under stress: China paper
      416 18 Reuters But greenback will retain its dominant status for now [BEIJING] The US dollar's status as the world's main reserve currency could be eroded by economic woes, but other currencies remain far from being able to challenge its dominance, China's top official newspaper said
      Reuters  -  416 words
    • Article, Illustration
      Lock icon Minister urges shift in climate stance: report
      515 18 Reuters [NEW DELHI] India's environment minister has urged the prime minister to take on carbon emission reductions under a new global deal without insisting on finance and technology from rich nations, a report said yesterday. The Times of India said Jairam Ramesh wrote
      Reuters  -  515 words
    • Article, Illustration
      Lock icon Ex-Google China chief banks on e-commerce
      509 18 Reuters [HONG KONG] Lee Kai-Fu, who recently left Google China to start a fund backed by some of Greater China's biggest technology names, is eyeing cloud computing, e-commerce and the mobile platform industry for some of his first investments. Since leaving Google last month,
      – Reuters; BLOOMBERG  -  509 words
  • Page 18 Advertisements
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      1272 18 IN THE MATTER OF THE COMPANIES ACT, CAP 50 U 9 U ("the Act") m^T^r AND IN THE MATTER OF ENTELLIUM ASIA PTE. LTD. Hi- a i t ii mi 11 I ("the Company") EALTHWAY (C0.Rea,N0.*****0865K) U mir A I Notice of Resolutions for Members' IVI t UIL-AL I Voluntary
      1,272 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Commodity prices might taper off soon
      572 19  -  OH BOON PING Suppliers will boost production to meet strong demand in coming 12-18 mths By [SINGAPORE] Investors that are hoping to make fast bucks from hard commodities should watch out. Their prices, which have had a good run in recent months, look set
      572 words
    • Article
      Lock icon Thailand threatens to delay Asean pact over rice
      428 19 Reuters, Xinhua [BANGKOK] Rice-exporter Thailand threatened to delay an Asean free trade agreement unless it can get a "fair deal" on tariffs from the Philippines, the world's biggest buyer of the food staple, Thai officials said yesterday. The 10 members of the
      – Reuters, Xinhua  -  428 words
    • Article
      Lock icon Dutch govt's ABN Amro assets deal proves elusive
      446 19 Reuters There's little clarity as to whether a deal was likely or not [AMSTERDAM] A deal for the government to sell ABN Amro assets as part of a European Union (EU) competition ruling proved elusive yesterday and people familiar with the situation
      Reuters  -  446 words
    • Article
      Lock icon Spat creates investment risk for Thailand
      624 19 Reuters [MAP TA PHUT, Thailand] A landmark court ruling suspending operations in a major industrial zone has raised doubts about the ability of Thailand's shaky government to protect investors. A Sept 29 court order suspended US$9 billion worth of operations in the rural town
      Reuters  -  624 words
    • Article, Illustration
      Lock icon Thai king's illness leaves countrymen anxious
      456 19 AP [BANGKOK] As Thailand's ailing 81-year-old King Bhumibol Adulyadej began the second month of a hospital stay yesterday, his countrymen are wondering just how sick he really is. Concern for his well-be-ing reflects the reverence and affection the Thai public holds for the king,
      AP; REUTERS  -  456 words
    • Article
      Lock icon Billions in unclaimed bonds date to WW II
      698 20 AP Ownership tussle between US Treasury and states; constitutional arguments to decide lawsuit [HELENA, Montana] The US federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War 11, leading to
      AP  -  698 words
    • Article, Illustration
      Lock icon US health care reform won't give more power to patients
      600 20 LAT They cannot sue insurers if denied medical treatment [LOS ANGELES] Despite growing frustration with the way insurers deny medical treatments, major health care bills pending in Congress would give patients little new power to challenge those sometimes life-and-death decisions.
      LAT; AFP  -  600 words
    • Article, Illustration
      Lock icon S Korea's Lotte buys Chinese supermarket for USs6som
      531 20 Reuters [SEOUL] Lotte Shopping Co Ltd, South Korea's second biggest retailer, has agreed to buy Chinese supermarket operator Times for as much as US$65O million, speeding up its push into China's fast-growing retail sector. "We have in effect acquired Times, though some
      Reuters; BLOOMBERG FILE PHOTO  -  531 words
    • Article
      Lock icon Media giant caught in identity crisis
      577 20 -NYT Vivendi wants to sell its remaining stake in NBC Universal [PARIS] Of the world's biggest media companies, the one that might seem in the best position to ride out the recession is Vivendi, whose headquarters in the shadow of the Arc de Triomphe
      -NYT  -  577 words
  • Page 19 Advertisements
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      501 19 IN THE MATTER OF I IN THE MATTER OF THE COMPANIES ACT, THE COMPANIES ACT, CAP. 50 GLC BUILDERS 2008^, IN THE MATTER OF <IN MEMBERS' VOLUNTARY LIQUIDATION) TAKASE CORPORATION At an Extraordinary General Meeting of KiSr APORFIm im GLC BUILDERS PTE. LTD. held on Friday, (SINGAPORE) PTE LTD 9
      501 words
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      380 19 NOTICE OF REDEMPTION VESTA INVESTMENT CORPORATION LIMITED (Company Registration Number *****9605 M) (Incorporated in Singapore with limited liability) (the "Issuer") U*****,000,000 FLOATING RATE NOTES (the "Notes") REDEMPTION OF NOTES NOTICE IS HEREBY GIVEN by the Issuer that pursuant to Condition 6(b)(i) and Condition 6(b)(iii)(A) of the Notes, all the outstanding
      380 words
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  • WORLD
    • Article
      Lock icon Cyber thieves planting fake security alerts
      311 21 Millions of US computers loaded with scam security software: Symantec [WASHINGTON] Tens of millions of US computers are loaded with scam security software that their owners may have paid for but which only makes the machines more vulnerable, according to a new Symantec report
      311 words
    • Article
      Lock icon Amazon's Kindle secure in e-reader fray, for now
      566 21 Reuters Analysts say only a real technology leap will pose a threat [SAN FRANCISCO] The dominance enjoyed by Amazon.com Inc's Kindle faces its first major test this holiday season, but industry watchers say that only a real technological leap will pose a
      – Reuters  -  566 words
    • Article, Illustration
      Lock icon Jenson Button did it
      725 21  -  STEVE SLATER AFP COMMENTARY ByS Well, at last, Jenson Button has done it. For the third year in succession, the Brazilian Grand Prix delivered a Formula One World Champion his title and, along with it, a plateful of action and drama. From the first rain-soaked practice
      AFP  -  725 words
    • Article
      Lock icon Coming out on top
      423 21 AP [SAO PAULO] Newly crowned Formula One champion Jenson Button's season has been a contrast of a fantasy start followed by a string of lacklustre results that tightened the title competition. That ended on Sunday at the Brazilian Grand Prix, when the Brawn GP driver, starting
      AP  -  423 words
    • Article
      Lock icon Google to advertise online software globally
      302 21 Reuters [SAN FRANCISCO] Google Inc said more than two million businesses now use its online office software, and the Web search leader was going global yesterday with an advertising campaign to lure customers away from Microsoft Corp and IBM products. The campaign, which started
      – Reuters  -  302 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Watch out for oil prices, again
      519 22 HIGH oil prices have once again come to haunt the global economy. Prices in the US last week rose to their highest level in a year. And this represents a 23 per cent jump in just three months. Falling petrol inventories, higher demand for
      519 words
    • Article, Illustration
      Lock icon The small problem of the biggest deficit ever
      1061 22  -  LEON HADAR America's huge deficit is likely to remain since any efforts to curb it may be unpalatable OBAMA administration officials are trying to spin the terrible economic news that the United States registered its largest annual budget deficit in history by
      AFP  -  1,061 words
    • Article, Illustration
      Lock icon Stimulus 1.0 was justified but v2.0 is another story
      766 22  -  ROBERT SAMUELSON THE BOTTOM LINE WHAT can the government do to crank up America's creaky job machine? Americans will be arguing ferociously about that in coming months, and the answer, frankly, isn't clear. Die-hard Keynesians insist that only more government spending
      766 words
    • Article, Illustration
      Lock icon Rising seas threaten Shanghai
      1354 23  -  ELAINE KURTENBACH AP Global warming and melting glaciers are raising sea levels, leaving people in coastal areas vulnerable to flooding By I This city of 20 million rose from the sea and grew into a modern showcase, with skyscrapers piercing the clouds, atop tidal flats fed
      AP  -  1,354 words
    • Article, Illustration
      Lock icon When will banks start lending again?
      877 23 By PAUL KRUGMAN IT was the best of times, it was the worst of times. OK, maybe not literally the worst, but definitely bad. And the contrast between the immense good fortune of a few and the continuing suffering of all too many boded
      REUTERS  -  877 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      113 22 THE BUSINESS TIMES Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, *****4 PHONE: 6319-6319 FAX: 6319-8277 INTERNET: http://business-times.asial.com.sg EMAIL: Press releases: btnews@sph.com.sg Letters to the Editor: btletter@sph.com.sg OPS DESK: 6319-5360 CUSTOMER SERVICE 6388-3838 Chief Executive Officer Editor-in-Chief Singapore Press Holdings (English Malay Newspapers) ALAN CHAN PATRICK
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Singapore remains preferred bunker port
      857 24  -  GEORGE JOSEPH Total sales up 3% in first 9 months, despite tough times for shipping sector By [SINGAPORE] The world was at the brink of financial collapse over the past 13 months, but total bunker sales at the Singapore port rose about 3 per cent
      MPA  -  857 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2793 24 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
      2,793 words
    • Article
      Lock icon MAS expects smaller 03 ODeratina loss
      162 24 [KUALA LUMPUR] Malaysian Airline System (MAS) expects to report a smaller operating loss for the third quarter, the New Straits Times reported yesterday, citing the national carrier's chief executive. The airline reported an operating loss of RM420.8 million (*****.9 million) for the April-June quarter,
      162 words
    • Article
      Lock icon S'pore plans more electronic navigation charts
      243 24  -  By UMA SHANKARI [SINGAPORE] Singapore will work with Hong Kong to produce a high-density electronic navigation chart with more detailed seabed topography of channels in Singapore and Hong Kong port waters. The Maritime and Port Authority of Singapore made the announcement yesterday as the
      243 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        111 24 '000 CH Offshore Chuan Hup Hldg Cosco Corp CWTLtd EzraHldgs First Ship Lea Freight Links Grand Banks Jaya Hold Ltd KWentures Keppel Corp Mercator Lines MTQ Corp NOL Pacific Shippi Pan-United Cor Rickmers Mari Samudera Ship Sembcorp Indus Sembcorp Marin Spore Ship Star Cruises 0.70 0.32 1.24 0.68 2.01
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      • Article
        Lock icon KLSE
        37 24 '000 Int'G Logistic MISCBhd MISC Foreign Msia Bulk Carr NCB Holdings Nepline Bhd PDZ Holdings 0.92 9.10 9.10 3.11 3.01 unch 0.09 -0.01 0.14 0.10 unch -0.01 unch -0.01 120 17 273 209 23 0 1949
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      • Article
        Lock icon BANGKOK
        12 24 ■oo Precious Ship Regional Cont 20.10 11.60 0.30 0.10 3057 1731
        12 words
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        Lock icon HONGKONG
        11 24 '000 Ooil Singamas Cont 41.00 1.46 0.35 718 0.04 *****
        11 words
      • Article
        Lock icon PHILIPPINES
        23 24 '000 >eso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.80 22.00 2.00 unch -0.10 -0.25 unch unch 20 56 15 0
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      • Article
        Lock icon TAIPEI
        23 24 Evergreen Mari First Steamshi Wan Hai Lines Yang Ming Mari 17.90 46.70 17.05 12.60 -0.20 0.80 0.40 0.20 6 10 3 12
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      • Article
        Lock icon TOKYO
        42 24 '000 Kawasaki Hvy I 227.00 4.00 ***** Kawasaki Kisen 368.00 unch 3882 Mitsubishi Hvy 333.00 unch ***** Mitsui Eng&Sbl 242.00 10.00 6284 Mitsui Osk Lin 563.00 -14.00 ***** Nippon Express 344.00 -5.00 3112 Nippon Yusen 353.00 -2.00 8001 Source: Thomson Reuters
        42 words
  • Page 24 Advertisements
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      139 24 BT/ZUJI Deals of the Week DEAL OFTHE WEEK ECONOMY CLASS AIRFARES HOTEL (fr$) I BUSINESS CLASS AIRFARES Bangkok $287 Thai Airways $27 $514 Cathay Pacific DESTINATIONS ECONOMY CLASS AIRFARES HOTEL BUSINESS CLASS AIRFARES WEATHER Denpasaf $277 Garuda Indonesia $46 $637 Garuda Indonesia Sunny Hong Kong $399 UnitedAirlines $41 $1,548 United
      139 words
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      Lock icon Page 24 Advertisements Column 2
      1 24 I
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      232 24 CRYPTIC CROSSWORD Across 2 Weapon used to dump the i R I [4 [5 fs I [7 I I 12 Principal sets up computers I J_l I H^H^IH^^H^ 24 Criminal had a nice spread (8) 25 Relative finding pleasure trip r j ec (g) gold? (5) started late (4) 6
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8722 25 Transaction date: Oct 19 Hi( Low Code Col Sale COOP) Hit Low Bl Seller C'vr P/E $mil 17 3 3148 8Telecom 9.5 2.5 5834 A-Sonic 33 12 5000 ABR Hldgs 15.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 93 26.5 5550 ARA 8
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    • Article
      Lock icon SGX CATLIST
      1706 26 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 12.5 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 t Afor 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,706 words
    • Article
      Lock icon SGX ETF
      411 26 52-Wk Tel h Low Code Last Sale Vol C000) Day Ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Hii Comi Hii 110 100 6389 ABFSG Bond ETF 110 unch 807 427 CIMBAsean40 100US$ US793 -7 275 149 DBS STI ETF 100 273 -1
      411 words
    • Article
      Lock icon CLOB INTERNATIONAL
      249 26 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      249 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9238 26 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.089/ AIGIF S'pore Bond Fund/ A 1.355/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.11/ APS Alpha Fund (USD)!** 0.8/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXAWM
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 27 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct 16 World Index Preliminan 812.5 -1.0 19.9 -0.9 21.3 -1.1 25.: EAFE Preliminai 769.1 -0.7 18.5 -0.8 24.0 -1.0 28.2 Euro[ Preliminan 1099.3 -0.9
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    • Article
      Lock icon SICOM FUTURES
      167 27 Oct 19 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Nov 09 238.5 Dec 09 Jan 10 Feb 10 Mario Apr 10 238.5 238.5 237.5 237.0 237.0 237.0 237.5 4 TSR 20 (US cents/kg) Month High Low Sett Volume
      167 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 27 Oct 19 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.955 6.295 0.617 7.147 42.502 86.590 0.835 10.800 3.113 1.233 76.829 43.046 1.283 6.761 0.935 29.805 30.827 0.567 0.922 Canada 1.048 6.594 0.647 7.487
      465 words
    • Article
      Lock icon SIBOR
      79 27 Oct 19 (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$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs
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    • Article
      Lock icon PRECIOUS METALS
      141 27 Oct 19 GOLD (USS/oz) Oct 19 Oct 16 Hong Kong 1054.80 1047.10 London Oct 16 Oct IS 1055.40 1058.30 1056.20 1059.50 Source: Thomson Reuters CAST BAR (Sj) Oct 19 Buying Sellim Kilobar ***** PAMP GOLD BARS (S$) Sellim "50,570.34" ng Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
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    • Article
      Lock icon GOVERNMENT SECURITIES
      89 27 Oct 19 Period Issue code Maturity Yesterday's Bid Day's |h Low Hii 3-Month BQ*****T 21.01.2010 1-Year BY*****W 03.05.2010 0.42 0.45 0.43 0.42 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
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 27 As at 9am Oct 19 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2640 1.3020 Can dollar 1.3340 1.3510 Euro 2.0640 2.0860 NZ dollar 1.0230 1.0460 Sterlini 2.2650 2.2901 US dollar 1.3910 1.4060 Local dollars to 100 units of foreign currency:
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    • Article
      Lock icon INTERBANK RATES
      176 27 Oct 19 fer Overnight 1-month 2-months 3-months Overnight mode: 1/4 US$ 5/16 7/16 9/16 11/16 Offer 1/4 5/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.30 0.33 0.37 0.40 0.70 1.10 1.25 Offer 0.20 0.23 0.27 0.30
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 27 Oct 19 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2824 1.2843 0.9221 0.9222 Canadian dollar 1.3430 1.3457 0.9657 0.9663 Euro 2.0771 2.0803 1.4936 1.4937 NZ dollar 1.0400 1.0419 0.7478 0.7481 Sterlini 2.2616 2.2654 1.6262 1.6261 US dollar 1.3907 1.3927 S$/US$
      153 words
    • Article
      Lock icon CHICAGO BOT
      102 27 Oct 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 09 977.50 983.00 996.50 974.00 Jan 10 982.00 987.75 1000.50 979.50 Mar10 985.25 990.25 1001.75 982.50 May 10 982.25 986.75 997.75 979.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 09 36.94 36.78 37.23 36.50
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Oct 16 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 75.82 1.37 WTI (Near Mth) 78.63 1.09 Dubai (1-Mth F) 75.17 1.62 Tapis blend 81.80 1.65 Minas 78.85 1.65 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 69.77 82.03 2.32 1.35 USS/barrel Opec Oil
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      Lock icon LONDON METALS
      70 27 Oct 16 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1869.85 1880.45 3 months 1905.00 1916.00 Copper, Grade A (USS/tonne) Cash 3 months 6210.50 6230.00 6269.50 6289.00 Lead (USS/tonne) Cash 2179.00 3 months 2204.00 2183.50 2209.00 Nickel (USS/tonne) Cash 3 months *****00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3
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      Lock icon LIFFE
      77 27 Oct 16 COCOA (£/tonne) Close Prev Hii ih/Low Dec 09 2119 2127 2125/2087 Mar 10 2141 2148 2144/2110 May 10 2167 2173 2171/2134 Jul 10 2109 2117 2112/2086 COFFEE (USS/tonne) Close Pev High/Low Nov 09 1460 1443 1471/1438 Jan 10 1496 1477 1507/1471 Mar 10 1528 1508 1538/1502 SUGAR
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      Lock icon STOCK INDEX FUTURES
      26 27 Oct 19 STI Oct 2720 2720 2715 SIMSCI Oct 325.2 326.1 324.6 Taiwan Oct 279.3 281.5 281.0 Source: MF Global (S) Pte. Ltd
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      Lock icon US$/S$ FORWARD RATES
      21 27 Oct 19 Bid Offer 1-month 1.3910 1.3930 2-months 1.3912 1.3933 3-months 1.3913 1.3934 6-months 1.3917 1.3939 Source: OCBC
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2274 27 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left Asia-Pacific Strategic WT***** 2036 Advance SCT Ltd W*****9 3 0.5 1 15 6 5.67 1 87 1491 11.00 55 10 Allgreen Properties.ES.0910 8756#AsiaticGrp(H) Ltd W*****2.. 4105#Asiatravel W*****7
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      Lock icon PALM OIL
      62 27 Oct 19 Delivery Month Opening Sett Av Range Price Price Hii Low Vol Open Done Position Nov 09 2207 2195 2226 2195 339 4916 Dec 09 2182 2196 2215 2182 3775 ***** Jan 10 2200 2197 2217 2184 9586 ***** Feb 10 2196 2194 2216 2189 2080 4030
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      Lock icon SGX DERIVATIVES TRADING
      275 27 Oct 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec09 Mar10 Jun10 Sep10 99.6250 99.3850 99.0250 98.6150 8835 5234 3486 4462 EUROYEN TIBOR FUTURES Dec09 99.485 99.490 Mar10 Jun10 Sep10 DedO Mar11 Jun11 Sep11 99.485 99.490 99.510 99.525 99.510 99.450 99.365 99.305 99.305 200 3408 3852
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  • PROPERTY
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      Lock icon Accreditation raises questions
      629 30  -  UMA SHANKARI COMMENTARY Some in the property industry question how the rules can be enforced and ask who will do the policing THE government last week unveiled a proposed framework to regulate property agents here a move thought to be urgent as complaints about errant agents have
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      Lock icon M'sia property market to show signs of recovery: official
      292 30 Bernama [PETALING JAVA] The Malaysian property market is expected to continue to show positive signs of recovery towards the year-end, likely to be driven by continuous interest in residential properties, Housing and Local Government Minister Kong Cho Ha said yesterday. He
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      Lock icon Sumitomo, AXA to start Tokyo property fund
      211 30 Reuters [TOKYO] Sumitomo Trust and Banking said yesterday it will join hands with French insurer group AXAto setup a US$l.l billion real estate investment fund to buy office buildings here. Tokyo's office market was the world's most active in the first half of
      – Reuters  -  211 words
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      Lock icon Britain bans 'liar loans', tightens mortgage rules
      664 31 Reuters Regulator says that it will also impose affordability tests for all mortgages [LONDON] Britain's financial regulator plans to force mortgage lenders to check the income of all borrowers, scrapping so-called "liar loans" blamed for helping to fuel bad debt problems at the
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      Lock icon London project offered to Asian investors
      228 31  -  UMA SHANKARI By CENTRAL London developer Native Land is previewing its NEO Bankside in Asia, claiming this is the first time Asian buyers and investors have been offered preferential access to a prime central London development. Asian investors will get first bite at 197
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      Lock icon Outlook for Aussie Reits improving
      259 31 Bloomberg [SYDNEY] The outlook for Australian listed property trusts is improving as the nation's currency strengthens and the local economy weathers the global recession, according to AMP Capital Brookfield. Companies that raised capital through share offerings and sales of overseas assets will start to buy
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      Lock icon House prices show first annual gain in 16 months: Rightmove
      241 31 Reuters The property website said London led October's gains [LONDON] Asking prices for homes in England and Wales rose on an annual basis for the first in more than a year in October, property website Rightmove said yesterday, buoyed by
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      Lock icon UK property M&A activity surges in Q3
      234 31 Reuters [LONDON] M&A activity in the UK property sector surged in the quarter to Sept 30, with reported deal values more than five times those seen in the third quarter of 2008, financial services adviser Grant Thornton UK LLP said. Grant Thornton's Property
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      Lock icon Evergrande to raise US$769m in IPO
      159 31 Reuters [HONG KONG] Chinese property developer Evergrande Real Estate Group Limited plans to raise up to US$769 million in a Hong Kong initial public offering (IPO), according to a term sheet obtained by Reuters yesterday. The Guangzhou-based property developer, which focuses on residential properties,
      – Reuters  -  159 words
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      Lock icon A financially secure future
      1457 32 PRIVILEGE INSIGHTS This is the seventh of an eight-part advertorial series brought to you by UOB Privilege Banking Trusts provide for the needs of future generations in a structured manner while protecting family wealth IN the second Privilege Insights on Sept 15, we saw how a
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      35 32 n r^ iii (^RIV.LEGE -HU-UOB 111 l a if Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868 E. A member of MCS Circulation Audit. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax 6746-1925.
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