The Business Times, 23 October 2009

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Total Pages: 34
1 34 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf!i A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Friday, October 23,2009
    23 words
  • 1063 1  -  GENEVIEVE CUA Extreme market conditions are forcing hard choices on investors of some structured unit trusts By [SINGAPORE] Steep losses and sharp volatility in equity markets last year have caused a number of structured unit trusts to be "knocked out" or monetised some
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  • MARKETS DIGEST
    • 41 1 1 COMP 1,260.02 -0.04 IIKKEI225 10,267.17 -66.22 1ANG SENG 22,210.52 -107.59 ;et index 708.76 -7.59 JAKARTA COMP 2,433.18 -43.61 1ANILA COMP 2,888.72 -31.18 ;eoulcomp 1,630.33 -23.53 ;henzhenb 542.28 +1.20 IUMBAI IND 16,789.74 -219.43 12 noon EDT Cham )OW 9,997.42 +48.06
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.009 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
    • 45 1 IS$ (S$ ier US$) 1.396 (USS/SS ier 1.657 2.314 :URO (US$/S$/E) 1.498 2.091 Foreign currency per US$ S$ 'EN 91.40 65.50 3.393 2.430 IK$ 7.750 5.550 !AHT 33.48 23.97 lUPIAH 9,495 6,800 1ENMINBI 6.828 4.890 INDIAN RUPEE 46.66 33.42 1.083 0.776 IZ$ 1.327 0.950
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  • 665 1 Wire services Perks slashed, cash pay cut by 90% for top execs at firms that were bailed out [WASHINGTON] For those seething over fat cats still getting fat cheques, this may be the time to indulge in a little schadenfreude. Not only
    Wire services  -  665 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 66 1 BOOKS MTV BPSr"~l PROFILE COMMENTARY CORPORATE Three regional authors AJ Bringing a message UOB offer-a tricky RESULTS on language and writing ~J& across the seas choice for investors Keppel Corp Q3 profit PAGE 31 mmr 1 A.. M PAGE 34 PAGE 2 up 17% PAGE 6 •if j HR-| CIM^"
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  • TOP STORIES
    • 483 2  -  SIOW LI SEN Hedge fund could morph into another firm or look for new investors: sources By [SINGAPORE] Galleon Asia, the hedge fund run by former DBS executives, may morph into another firm one of various options being considered one week after
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    • 1072 2  -  CONRAD TAN THE 4,000-odd customers who bought units in the Prudential Yield 15 and Yield 20 funds from United Overseas Bank (UOB) must now be wondering whether to take up the bank's offer to redeem the units and make them whole. Unfortunately,
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    • 522 2 Reuters Govt will stick to ultra-loose policies it has been following the past year [BEIJING] China's economic growth picked up last quarter as expected as a combination of breakneck investment and buoyant bank lending more than made up for a slump in exports. But
      – Reuters; REUTERS  -  522 words
    • THREE-MINUTE DIGEST
      • 79 2 STEEP losses and sharp volatility in equity markets last year have caused a number of structured unit trusts to be "knocked out" or monetised some with virtually no hope of regaining market exposure. However, most investors in the funds have chosen to stay
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      • 95 2 FOR those seething over fat cats still getting fat cheques, this may be the time to indulge in a little schadenfreude. Not only will some top executives be forced to take a 90 per cent cash pay cut, they won't be able to
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      • 50 2 GALLEON Asia, the hedge fund run by former DBS executives, may morph into another firm one of various options being considered one week after its founder was arrested for insider trading. Galleon Asia is beginning to see redemption requests, a source said. TOP STORIES, PAGE 2
        50 words
      • 55 2 WALL Street earnings continue to come in largely above expectations in the third quarter profit reporting season, helping US stocks to what has thus far been another strong month of advances, but investors need to be especially wary of those earnings numbers, some analysts are
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      • 76 2 KEPPEL Corp yesterday posted a 17.1 per cent rise in third-quarter net profit to $319.6 million from $272.9 million a year ago as higher margins from offshore and marine and improved gains from property and infrastructure offset flat growth in investments after the divestment
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      • 86 2 CAPITAMALL Trust yesterday posted a net property income of $94.5 million for the third quarter ended Sept 30. This is 8.8 per cent more than a year ago. Distributable income rose 23.3 per cent from last year to $74.9 million. Despite the higher earnings, CMT's
        86 words
      • 80 2 THE flight to quality continues in the Singapore office market as occupiers move from older buildings to newer ones. More than 90,000 sq ft has been leased to six tenants at 20 Anson, a swanky 20-storey office tower that received Temporary Occupation Permit earlier this
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    • 570 4  -  CHUANG PECK MING Employers unsure of filling top posts with local talent: report By [SINGAPORE] With hiring picking up sharply, the shortage-of-local-talent issue has again come to the fore. The latest quarterly report by United States-based recruitment firm Hudson says
      The Hudson Report, Singapore – Q4 2009  -  570 words
    • 547 4  -  JAMIE LEE Stock dives 16.12% to end at 13 cents; some $120 m wiped out from its market value over two days By [SINGAPORE] Shares in life sciences company Transcu Group took another plunge yesterday. The stock's erratic price movements of late, which
      547 words
    • 891 4  -  ANDREW MARKS But those figures may hide underlying problems: analyst By in New York EARNINGS continue to come in largely above expectations in the all-impor-tant third quarter profit-re-porting season, helping US stocks to what has so far been another strong month of advances.
      AP  -  891 words
  • Page 2 Advertisements
    • 46 2 I en MEGAMAN® H Energy Saving Lamps by MEGAMAN® MEGAMAN* Concept Store 101 Kitchener Road, No. 01-32, Jalan Besar Plaza, E-mail: sales@megaman.com.sg Singapore 208S11 Tel: (65) 6396 5576 C £k [^S dta |a^ 4> A |l I II >• llw Sii L!—^- °Bgfit iLffiJ D ABLE V^X
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  • Page 2 Miscellaneous
    • 36 2 6co mm u„ica,io n f is probably one j j^ of the most under-estimated management activity. Overcommunicating is impossible. Stefan Borgas, CEO of life sciences firm Lonza Group, in the j Raffles Conversation tomorrow a j
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  • Page 3 Advertisements
    • 969 3 Advertising Feature Singapore school wins top international education excellence Homegrown Global Indian International dr*%k f Singapore was honoured when Global proud to be the first Singapore education *\'IJ Indian International School (GIIS) East institute to win this top level award." «t Coast campus won the Best in Class The Excellence
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  • Page 5 Advertisements
    • 41 5 vsars Hi Hi Vorsprung durch Technik Hi =Hs-.=H= =ih..=Hs f v A^'-*- v -A 7 ■j^Tf?r r*rX .-^^^r .y-gr^-^ 7//!///. V fVfiM \la\' ■""^N s "X?"^ dI f 'fm mi\ Mr i"1 Vorsprung durch Technik BS^ißS^iii J4 a si^ M I
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  • Page 6 Advertisements
    • 1075 6 In the matter of The Companies Act, Cap. 50 And In the Matter of to I J2PTE. LTD. Company Reg. No. *****5544 C tf^t fe I STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON m OF ITS LIABILTIIES I, Ang Choon Beng, NRIC No. *****413H of
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  • COMPANY NEWS
    • 665 6  -  VINCENT WEE Revenue down 5.5% due to lower revenue from O&M and infrastructure By KEPPEL Corp yesterday posted a 17.1 per cent rise in third-quarter net profit to $319.6 million from $272.9 million a year ago as higher margins from offshore and
      665 words
    • 550 6  -  YEN SREENIVASAN By SINGAPORE Airport Terminal Services (SATS) reported a 26.2 per cent rise in net earnings for the second quarter ended Sept 30. This was helped by synergistic contribution from its recently acquired non-avia-tion food business, higher profit from overseas associates and
      I FILE PHOTO  -  550 words
    • 551 6  -  EMILYN YAP By OVERSEAS Union Enterprise (OUE) has sold its freehold residential site at 21 Angullia Park for $283 million, which will result in a profit of about $19.1 million. The buyer is China Sonangol Land, a relatively unfamiliar name
      551 words
    • 386 9  -  EMILYN YAP Unitholders will receive the Q3 distribution of 2.35< on Nov 26 By CAPITAMALL Trust (CMT) yesterday posted a net property income of $94.5 million for the third quarter ended Sept 30. This is 8.8 per cent more than a year ago. Higher
      386 words
    • 304 9  -  UMA SHANKARI By ASCENDAS India Trust (a-iTrust) yesterday reported distributable income of $14.1 million for the second quarter ended Sept 30, up 3 per cent from $13.8 million a year ago. Distribution per unit (DPU) for the three months rose to 1.85
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    • 379 9  -  EMILYN YAP By MAPLETREE Logistics Trust (MapletreeLog) is in advanced talks to buy assets in Asia, as its business outlook improves. It said this yesterday as it reported a net property income of $44.1 million for the third quarter ended Sept 30 9.5
      379 words
    • 131 9 9-month and Q3 results ended Sept 2009 9 months ended Sept 2009 3mon 3 months ended Sept 2009 iths end ded Sept 2 2009 B 1 KeppelCorp 1,344.39 833.88 61.2 9,217.89 8,070.41 14.2 319.56 2 CapitaMall Trust 212.77 184.57 15.3 412.60 376.44 9.6 77.41 272.86 62.43 17.1
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    • 328 10  -  VINCENT WEE By FRESH from announcing its biggest ever contract for a floating production, storage and offloading unit, Ezra Holdings yesterday launched a US$lOO million convertible bond issue that was well received by institutional and strategic investors from Europe, Asia and the US. Over
      328 words
    • 329 10  -  TEH SHI NING Scheme reflects tradition of grown children giving funds to parents By OCBC Bank yesterday launched a programme targeted at senior citizens, joining other consumer banking units in their response to Singapore's ageing population. Its Smart Senior Programme, marketed as one offering banking
      329 words
    • COMPANY BRIEFS
      • 84 10 SINO Techfibre said it expects to incur a loss for the third quarter ended Sept 30, 2009 due to the adverse operating environment for its products. Though it sold more polyurethane (PU) and microfibre during the quarter compared to the second quarter,
        84 words
      • 90 10 FRASERS Centrepoint Trust (FCT) has announced distribution to unitholders of $12.78 million for its fourth quarter ended Sept 30, 2009. Distribution per unit (DPU) feU slightly to 2.04 cents from 2.05 cents a year ago. Net property income in Q4 2009 increased 25
        90 words
      • 86 10 CWT Ltd said it has signed an agreement with Standard Chartered Bank for a $200 million financing facility. The facility, comprising a $75 million revolving credit facility and a $125 million term-loan facility, will be for a tenure of four years. About $150 million
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    • 414 10  -  VINCENT WEE By PACIFIC Shipping Trust (PST) achieved a 60 per cent surge in distributable income to US$6.9 million for the third quarter ended Sept 30, 2009, up from US$4.3 million a year ago. This came on the back of a 39 per cent
      FILE PHOTO  -  414 words
    • 228 10 LISTED retail and property group Second Chance Properties (SCP) said yesterday that it will buy 22 retail units at Sim Lim Square for $35 million. The units all on the fifth floor have a combined floor area of 9,604 sq ft. "They are
      228 words
    • 288 10 FIRST Real Estate Investment Trust (First Reit) reported third-quarter distributable income of $5.22 million, versus $5.26 million a year earlier, its manager Bowsprit Capital Corporation said yesterday. Distribution per unit (DPU) for Q3 to Sept 30 was 1.90 cents, compared with 1.92
      288 words

  • Page 7 Advertisements
    • 240 7 r We are the bank that supports your growth internationally For a partner that's ready to support your expansion plans, start a conversation with us. At the height of the financial crisis in 2008, DBS helped finance the building of Charles Keith's new headquarters, allowing Charles Wong to grow the
      240 words

  • SINGAPORE MARKETS
    • 613 8  -  R SIVANITHY STOCKS Dealers attribute Wall Street's slide to investors probably worried about big losses announced by some banks CHART watchers harbouring hopes that the Dow Jones Industrial Average would lift itself convincingly above the 10,000 mark and the Straits Times Index above
      Bloomberg  -  613 words
    • 98 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 8 3 0 0 0 4 8 3 lanufacturing 25 94 48 10 11 35 101 59 Commerce 10 31 24 14 33 30 "pt/Stor/Comms 24 13 26 14 ■inance 11 11 instruction 13 10
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    • 108 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 42,535 42,535 81,137 81,137 lanufacturing 492,524 52,693 545,217 343,779 3,522 347,301 lommerce 87,603 36,294 123,897 81,046 12,802 93,848 'pt/Stor/Comms 122,430 8,777 131,207 228,453 2,335 230,788 :i nance 64,520 64,520 228,361 228,361 lonstruction 42,671 2,100 44,771 10,405 61 10,466 'roperties
      108 words
    • 102 8 Capita Land 4.200 +0.140 Noble Grp 2.660 +0.040 CapitaMall 1.730 -0.040 OCBCBk 7.610 +0.010 CityDev 10.040 -0.160 Olam 2.770 -0.040 ComfortDelGro 1.570 SGX 8.190 -0.080 Cosco Corp 1.150 -0.040 SIA 13.800 -0.340 DBS Grp 12.960 -0.160 SIAEngg 2.690 -0.020 F&N 3.900 SMP.T 1.680 Genting SP 1.100
      102 words
    • Article, Illustration
      779 8 Source: STRONGER-THAN-EXPECTED Q3 earnings: KepLand announced a very strong Q3 2009 profit after tax and minority interests (PATMI) of $78.5 million, beating expectations. This is primarily due to bet-ter-than-expected associated profits, mainly from projects such as the Marina Bay Residences, Reflections at Keppel Bay and The Botanica in
      Bloomberg  -  779 words
    • Article, Illustration
      23 8 FILE PHOTO Bullish: Some analysts believe that the Australian dollar could even go as high as US$l.2O in the next two years
      23 words
    • 390 8  -  OH BOON PING THE Australian dollar still has fuel in its tank and some currency strategists see it going above parity against the greenback. The Aussie closed at 0.9206 yesterday, down slightly from 0.9222 a day earlier. But it has jumped more
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    • 4 8 DAILY
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    • 63 8 Oct 22 VALUE CLOSE BT OB/OS 152.00-265.00 BT CADI -*****.00-171.00 BT 10-day MA -*****.00+15.00 FTSE ST Mid Cap 629.33 -3.16 FTSE ST Small Cap 537.88 -4.50 FTSE ST All Share 660.93 -2.87 FTSE ST China Top 276.76 -2.99 FTSE ST China 294.31 -1.19 FTSE ST Catalist 1335.99
      63 words
    • 57 8 Clob IJFertilizer 122,916,001 "ranscu Gri 118,090,001 ientini SP 86,278,001 iolden A( iri 85,686,001 ndpi 39,696,001 liwo 37,681,001 :inaOne 34,424,001 in< iTel 29,413,001 TivenCo 27,540,001 Iwini iMedia 26,269,001 VALUE($; ientini SP 95,939,04( in< iTel 91,044,651 i Land 89,959,691 iBS Gr| 88,161,54! ndoAi iri 71,728,441 filmar 47,933,33! ;gx 42,736,80!
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    • 97 8 CLOSE UP IMH 3000 83.7 2.0 iBXT S&P Short 10US$ 5697 79.6 1.' ISH 1740 27.9 1.. ICC 5.1% NCPS 100 9828 18.0 0., •ain irm 608 16.8 2: i Land 420 14.0 3.. ilABNPeCW/*****2 64 13.5 26. ;embMar.ES.O91O 364 10.0 2. ilanBNPeCW***** 41 9.0 28.1 iembMar 362 8.0
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    • 115 8 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN *****-456.4 -2.9 DBXT Ni 10US! DBXTDJE50 10US 4547-110.3 -1.7 DBXT FTChina25 10US$ 3115 -68.4 -1.5 DBXT MSTaiwan 10US! 1526 -46.1 -2.1 GLD 10US$ ***** -39.1 -0.3 SIA 200 1380 -36.0 -2.5 SIA.ES.0910 1386
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    • 85 8 Source: Thomson Reuters Where S$ stands Oct 22 %CHNG CLOSE FR0O21 YR2009 S$ LOW S$ HIGH USS 1.3981 -0.21 1.5579 1.3897 Euro 2.0920 -0.37 2.0920* 1.9150 Pounds 2.3100 0.01 2.4366 2.0356 AS 1.2871 -0.04 1.2900 0.9453 Yen* 1.5311 0.24 1.7278 1.4831 Rupiah* 0.***** 0.96 0.***** 0.***** Baht* 4.1753 0.07
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  • Page 10 Advertisements
    • 1202 10 IH^'«V«Tjl Corporation Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) Third Quarter 2009 Financial Statement 1. UNAUDITED RESULTS FOR THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2009 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the third
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  • SINGAPORE NEWS
    • 829 11  -  KALPANA RASHIWALA SP Services leases 100,000 sq ft at Mapletree Business City By THE flight to quality continues in the Singapore office market as occupiers move from older buildings to newer ones. More than 90,000 sq ft has been leased to six tenants
      ARTHUR LEE  -  829 words
    • 300 11  -  JOYCE HOOI He helped develop Spore as an energy, petrochemicals hub By DUTCH citizen Jeroen van der Veer, a former chief executive of Royal Dutch Shell, will be made an honorary Singapore citizen, Prime Minister Lee Hsien Loong said yesterday. Mr van der
      300 words
    • 247 11  -  UMA SHANKARI By SINGAPORE'S national water agency PUB and the Netherlands Water Partnership signed a letter of intent yesterday to boost collaboration among businesses and research institutions. The two countries have set up the Netherlands Water House (NWH) in Singapore to enhance cooperation and strengthen
      247 words
    • 348 12  -  FELDA CHAY Survey also finds use of Internet on the rise among adults By NEWSPAPERS and other print media may be in decline in the West, but they continue to do well in Singapore, according to the 2009 Nielsen Media Index survey. The study,
      348 words
    • 98 12 AP PRIME Minister Lee Hsien Loong being welcomed last night by the secretary of the Thai PM's office, Weerachai Weeramethakul (right), when he flew into Hua Hin, a resort town in southern Thailand, for the 15th Asean Summit. The leaders of the 10-member grouping
      AP  -  98 words
    • SINGAPORE ROUNDUP
      • 49 12 SUNTEC Singapore International Convention and Exhibition Centre and MCI Group have signed a deal that makes Suntec MCls preferred conference partner and venue provider. The deal also allows MCI to present a series of management seminars at Suntec, starting in February next year.
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      • 40 12 SHELL will hold an islandwide promotion tomorrow for its new Fuelsave petrol. Motorists can enjoy substantial discounts and take advantage of a booklet with tips on choosing the right fuel and saving fuel expenses.
        40 words
    • 315 12 CEOs' Hawker Guide column runs in BT's Executive Lifestyle till next February ASK Knight Frank chairman Tan Tiong Cheng why he came up with the idea of a CEOs' Hawker Guide and he points to his stomach before saying: "Everybody needs to eat. And whether CEO
      ARTHUR LEE  -  315 words
    • 507 12  -  CHEN HUIFEN Lack of availability of financing cited in survey By WITH credit so tight over the past 12-18 months, it is no surprise that SMEs have been putting investments on hold to preserve cash. And if this continues, it could jeopardise
      507 words
  • Page 11 Advertisements
    • 118 11 Ihe lemptation to Linger without vJuilt 'r^-^'V^"-! T I :r Sometimes a truly great escape requires a little extra time. The Leading Hotels of the World presents you with more than 450 of the world's finest hotels, resorts and spas. Take advantage of the One More Night promotion when you
      118 words

  • Page 12 Advertisements
    • 860 12 CHINA JISHAN HOLDINGS LIMITED (Incorporated in Singapore with limited liability) (Company Registration No. *****0591E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of the Members of China Jishan Holdings Limited (the "Company") will be held at Copthome King's Hotel, Duke Room, Level 2,
      860 words
    • 314 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOLUTECH PTE. LTD. (In Members' Voluntary Liquidation) CO. REG. NO. *****0004 C Extract of the Minutes of an Extraordinary General Meeting of SOLUTECH PTE. LTD. signed by the Representative of the Holding Company pursuant to Section
      314 words
    • 14 12 Lianhe Zaobao I WHAT'S NEXT? Will ChiNext makes it harder to attract China IPOs?
      14 words

  • ECONOMY WATCH
    • 508 13 -AFP Exports exceed imports for eighth straight month in September [TOKYO] Japan's trade surplus soared almost six-fold last month from a year earlier, hitting an 18-month high on the back of recovering demand in China and other Asian countries, official figures show. Exports exceeded
      -AFP; 1 AP  -  508 words
    • 336 13 -MT [NEW YORK] Regional economies in most parts of the United States are on the mend, largely because home sales are rebounding, and factories and manufacturers are stirring back to life, the Federal Reserve said on Wednesday. The Fed's regular report on economic activity
      -MT  -  336 words
    • 289 13 Bloomberg [SINGAPORE] Crude oil will average US$100 a barrel in 2011 as the global economy recovers from the recession, increasing demand for energy, said Cazenove Asia Ltd. Cazenove Asia, a subsidiary of Standard Chartered Bank Pic, raised its forecasts for Brent
      – Bloomberg  -  289 words
    • 265 13 Bloomberg [HONG KONG] Asia's rich are again favouring the leveraged investments that backfired on them during last year's market turmoil, according to the head of DBS Group Holdings Ltd's wealth management unit. "Investors have short memories," Amy Yip, who oversaw Hong Kong's US$245 billion
      Bloomberg  -  265 words
  • Page 13 Advertisements
    • 97 13 i j Vj^ r.j |H T^ I K_ s f Vs£%sp. --as^r-^s^^"?-^-'" Terms and conditions apply. T,~~3 S-lr^^Er-h, es^&S-ki&Sc** 1 -Vi'"-iV^"""' C/Me Ser/iad (*****-P) ?^£~s~*i&££s£j££si2*£&Jp%/!?- J z^?^- [r-i-C—-W^" (Incorporated in Malaysia) C/AfS San/c Credit Card Centre Raffles Place, 50 Raffles Place #01-02, Singapore Land Tower, Singapore *****3. Operating Hours: Mondays
      97 words

  • MALAYSIA/INDONESIA
    • 445 14  -  S JAYASANKARAN Passenger traffic expected to grow, newer fleet offers better pricing power By: in Kuala Lumpur ANALYSTS have begun rerating Malaysian Airline System (MAS) to a buy in yet another bet on stocks that are considered a proxy to economic recovery. The Malaysian
      445 words
    • 630 14 Reuters Analysts had hoped cabinet included more technocrats [JAKARTA] Indonesia's president has picked a strong team of technocrats to handle economic policy in his new cabinet but could have placed more professionals in other posts to accelerate reform, investors said yesterday. President Susilo Bambang Yudhoyono,
      – Reuters; REUTERS  -  630 words
    • 595 14 -Reuters [KUALA LUMPUR] Malaysia's government plans to announce a much-bigger-than-expected reduction in its 2010 fiscal deficit when it lays out its budget today in a move expected to support the ringgit and ease concerns over bond supply. A source with direct knowledge
      -Reuters  -  595 words
  • Page 14 Advertisements
    • 198 14 tßtJ.,.^tltl-Jd^ IRRESISTIBLE MEETING PACKAGES UPHI Featuring versatile meeting and function space that includes the pillar-less Mandarin Ballroom (accommodates up to vBL^Ss^SH^S H s B^i 1.200 people), the newly refurbished Mandarin Court and a series of eight boutique-style Meeting Suites, the Meritus *mm w^" f*^ Mandarin is the ideal space for
      198 words

  • GREATER CHINA/INDIA
    • 378 15 Bloomberg, Reuters Victory would pave the way for economic reforms, says analyst [NEW DELHI] India's ruling Congress party-led alliance won two state polls yesterday and were set to form the government in a third, local television said, a result that gives more
      – Bloomberg, Reuters  -  378 words
    • 405 15 Reuters [MELBOURNE] Global miner BHP Billiton acknowledged yesterday that it and other iron ore producers had at times upset their major customer China and said that Beijing realised it had "to play with the big boys". In a parting shot at Chinese
      Reuters; BLOOMBERG  -  405 words
    • 412 15 Bloomberg [HONG KONG] China is risking property-market "bubbles" to encourage growth in the world's third-largest economy, according to former Morgan Stanley Asian economist Andy Xie. "People are looking at the bubbles as a way to gain economic growth in the short term," Mr Xie
      Bloomberg  -  412 words
  • Page 15 Advertisements
    • 89 15 V^ Beyond4oYears/ o Canada Si. Japan USA China Brazil Taiwan France I 1 Thailand ■> Germany Mongolia R| UK Cambodia Switzerland Nepal Netherlands Vietnam fl Italy India twSOfe© W Spain Indonesia 5 Austria 5 m 'M Singapore M Czech Republic Fiji v W Turkey New Zealand r m Uzbekistan r
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  • ASIA-PACIFIC/WORLD
    • 666 17  -  ANTHONY ROWLEY Ministry officials hint at guarded response from Hatoyama at Asean summit By in Tokyo ASEAN leaders meeting with Japanese Prime Minister Yukio Hatoyama at the weekend for a series of summits in the Thai resort of Hua Hin are expected to
      AP  -  666 words
    • 441 17 Bloomberg [NEW YORK] Harvard University, the wealthiest US school, should disclose the amount of bonuses taken back from in-house money managers after its endowment lost a record US$lO billion last year, according to an alumni group. "Since the university is legally required to release
      – Bloomberg  -  441 words
    • 691 17 Reuters [ZURICH] Credit Suisse Group AG's forecast-beat-ing third quarter earnings were given a tepid reception by investors, wary that the bank's fat margins in investment banking could tempt back competitors. The Swiss bank, which emerged as a winner from the credit crisis, managing
      – Reuters; AP  -  691 words
    • 462 17 Bloomberg Kirn Eng Securities warns SET Index may fall to 617 [BANGKOK] Thailand's biggest brokerage told investors to hold "100 per cent cash" as the SET Index may extend its drop, driven by concerns of widening opposition by supporters of deposed prime minister
      – Bloomberg  -  462 words
    • 578 17 Reuters Greece had biggest budget deficit in the whole of the bloc [BRUSSELS] The European Union's (EU) budget gap tripled last year because of the global economic crisis, with Greece recording the biggest shortfall after the new government revised sharply upwards
      – Reuters; _l REUTERS  -  578 words
    • 206 17 Reuters, AFP [HELSINKI] The world's top mobile phone maker Nokia Oyj filed a lawsuit yesterday against smaller rival Apple, claiming the US firm had infringed 10 Nokia patents. Ten patents in the case filed in Delaware, United States relate to technologies fundamental for devices
      – Reuters, AFP  -  206 words
    • 804 19 Reuters It hopes system will grab back impetus in new technology from Apple, Google [NEW YORK] Microsoft Corp launched Windows 7 yesterday in its most important release for more than a decade, aiming to win back customers after the disappointing Vista
      Reuters; REUTERS  -  804 words
    • 471 19 Reuters [WASHINGTON] General Motors Co needs to overcome an entrenched corporate culture and blood new managers as it seeks to recover from its near failure, the former chief of the Obama administration's auto task force said on Wednesday. Steven
      – Reuters  -  471 words
    • 263 19 Bloomberg [SEOUL] Hyundai Heavy Industries Co announced a US$2.O6 billion order to build processing facilities for Chevron Corp's Gorgon liquefied-natural-gas project in Australia, its largest single contract win. The company will build 48 fabricating modules on Australia's Barrow Island to start producing LNG from 2014,
      – Bloomberg  -  263 words
    • 412 19 AFP [SYDNEY] Australia could be set for a decades-long commodities boom fuelled by rocketing demand from China and India, a senior official said in the country's latest upbeat economic assessment. Treasury secretary Ken Henry also said a return to full employment was a "conceivable
      AFP  -  412 words
    • 407 19 Reuters He shares his cell with a drug dealer, a spy and a mob boss [NEW YORK] Epic swindler Bernard Madoff shared a prison cell with a 21-year-old drug dealer, and other fellow inmates included a spy and a mob boss when he was
      – Reuters  -  407 words
    • 363 19 Reuters Big banks reporting a rise in spreads, fees on new lending [LONDON] The flow of lending to British businesses improved sharply in August but still remained negative, with major banks reporting a rise in spreads and fees on new lending, the Bank of England
      Reuters  -  363 words



  • EDITORIAL & OPINION
    • 503 20 THE trajectory of emerging markets' rise so far this year makes it seem as if the financial crisis was merely a blip. The benchmark MSCI Emerging Markets Index, for instance, has shot up 71 per cent in the current year until mid-October. Even that
      503 words
    • 967 20  -  001 BOON JIN DAISY LEONG Singapore There're creative ways to make pay packages more competitive to attract and retain talent By and THE search for global talent is an expensive affair. As a way to attract or retain talent, many companies provide
      Singapore; ST; KPMG Singapore  -  967 words
    • 774 20  -  FRANK CHING THE BOTTOM LINE CHINA, Japan and South Korea this month held their tenth trilateral summit meeting, this time in Beijing, and reiterated their determination to move towards regional integration even though it is clear that bilateral problems remain, in particular between China
      774 words
    • 1264 21  -  AMIT ROY CHOUDHURY Content digitisation is giving rise to new business models and media firms need to adapt, reports Amit Roy Choudhury THE current economic crisis is helping to drive the entertainment and media (E&M) industry into the digital world. This will have an
      AFP  -  1,264 words
    • 804 21  -  NICHOLAS D KRISTOF -NYT THE United States was born of our ancestors' nationalistic resentment of a foreign power whose troops we saw as occupiers, not protectors. The British never fathomed our basic grievance this was our land, not theirs! so the more they cracked
      -NYT  -  804 words



  • SINGAPORE STOCKS
    • 8785 23 Transaction date: Oct 22 52-wks Tel |h Low Code Last Sale Vol COOP) Hi! Day Last Quote Div Gr Yld Net |h Low Buyer Seller C'vr P/E MCap $mil Hil Coi 17 3 3148 8Telecom 9.5 2.5 5834 A-Sonic 34 12 5000 ABR Hldgs 15.5 5.5 1938 AEI
      8,785 words
    • 1688 24 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 20 8.5 3518 t Afor 12.5 2 1524 t Alantac 11 3.5 7814
      1,688 words
    • 399 24 Hii Low Code Conn Sale COM) Hii Low Bui Seller C'vr P/E jffl 110 100 6389 ABFSG Bond ETF 110 807 427 CIMBAsean40 100US$ US787 -6 275 149 DBS STI ETF 100 272 unch 4627 3534 DBXT DJE5O 10US$ US4547 -79 DBXTDJE50Sh 10US$ US3164 1682 DBXT FTChina25 10US$
      399 words
    • 253 24 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
      253 words
    • 9284 24 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.097/ AIGIF S'pore Bond Fund/A 1.353/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.12/ APS Alpha Fund (USD)!** 0.81/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXAWM -Talents
      9,284 words
  • Page 23 Advertisements


  • FINANCE & COMMODITIES
    • 368 25 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct 21 World Index Preliminan 822.6 0.4 21.4 0.4 23.1 0.6 27.. EAFE Preliminai 777.8 0.1 19.8 0.3 26.3 0.5 30.7 Euro[ Prelim inan 1112.1 0.1 22.0 0.6
      368 words
    • 184 25 Oct 22 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Nov 09 243.0 Dec 09 242.5 Jan 10 Feb 10 241.5 Mar10 242.0 Apr 10 243.0 243.0 242.0 241.5 242.0 243.0 243.0 242.5 242.5 242.5 242.5 243.0 5 68
      184 words
    • 464 25 Oct 22 Rml Euro HK! lm Rs Rui Yen Won RM NZ! Pal Rs Peso Ram NT! Bal it Pouni us: Australia 0.968 6.302 0.616 7.153 43.067 87.639 0.844 10.996 3.132 1.225 76.863 43.566 1.289 6.902 0.932 29.907 30.897 0.557 0.923 Canada 1.033 6.509 0.637 7.388 44.480
      464 words
    • 77 25 Oct 22 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates 1 mth 2 mths 3 mths (S$) ...0.***** ...0.***** ...0.***** 6 mths 0.***** 9 mths 1.***** 12 mths 1.***** SWAP
      77 words
    • 131 25 Oct 22 Hong Kong 1056.60 1055.00 London Oct 20 Oct 21 1058.40 1058.00 1059.40 1059.00 Source: Thomson Reuters CAST BAR (Sj) Oct 22 Buying Sellim Kilobar "50,634.54" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1 oz UBS Kinebar™ 113.42 322.07
      131 words
    • 89 25 Oct 22 Period Issue code Maturity Yesterday's Bid Day's |h Low Hi' 3-Month BQ*****T 21.01.2010 1-Year BY*****W 03.05.2010 0.41 0.44 0.33 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****H 3.625 5-Year N*****0N 1.375 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year
      89 words
    • 131 25 As at 9am Oct 22 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2800 1.3190 Can dollar 1.3240 1.3420 Euro 2.0760 2.1030 NZ dollar 1.0470 1.0700 Sterlini 2.2970 2.3241 US dollar 1.3810 1.3990 Local dollars to 100 units of foreign currency:
      131 words
    • 177 25 Oct 22 Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/4 US$ 3/8 7/16 9/16 11/16 Offer 1/4 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.30 0.33 0.37 0.40 0.70 1.10 1.25 Offer 0.20 0.23 0.27
      177 words
    • 100 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 09 1008.50 982.50 1015.00 977.25 Jan 10 1009.75 985.25 1016.25 979.75 Mar10 1008.00 986.25 1014.50 981.25 May 10 1001.50 981.00 1007.50 977.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 09 38.56 37.47 38.76 37.12 Jan 10
      100 words
    • 78 25 CRUDE OIL PRODUCTS Oct 21 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 78.38 1.47 WTI (Near Mth) 80.92 2.41 Dubai (1 -Mth F) 75.89 -0.77 Tapis blend 80.70 -1.15 Minas 77.95 -1.15 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 71.25 83.40 -0.20 unch USS/barrel Opec
      78 words
    • 157 25 Oct 22 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2881 1.2896 0.9229 0.9231 Canadian dollar 1.3301 1.3321 0.9530 0.9536 Euro 2.0899 2.0921 1.4974 1.4976 NZ dollar 1.0514 1.0532 0.7533 0.7539 Sterlini md 2.3124 2.3148 1.6568 1.6571
      157 words
    • 68 25 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1930.10 1878.25 3 months 1966.00 1914.00 Copper, Grade A (USS/tonne) Cash 3 months 6565.75 6590.00 6396.00 6416.00 Lead (USS/tonne) Cash 2423.50 3 months 2450.00 2273.25 2299.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3 months *****.00
      68 words
    • 76 25 Oct 21 (£/tonne) Close Prev Hii ih/Low Dec 09 2149 2143 2154/2127 Mar 10 2178 2171 2184/2158 May 10 2203 2195 2206/2182 Jul 10 2135 2129 2136/2120 COFFEE (USS/tonne) Close Pev High/Low Nov 09 1450 1446 1455/1442 Jan 10 1488 1482 1492/1476 Mar 10 1520 1514 1524/1510 SUGAR (US
      76 words
    • 25 25 Oct 22 ten STI Oct 2681 SIMSCI Oct 322.3 325.4 319.7 Taiwan Oct 278.4 280.1 275.1 Source: MF Global (S) He. Ltd
      25 words
    • 22 25 Oct 22 s: Bid Offer 1-month 1.3960 1.3973 2-months 1.3962 1.3975 3-months 1.3963 1.3977 6-months 1.3967 1.3981 Source: OCBC
      22 words
    • 66 25 Oct 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Nov 09 2215 2197 2227 2195 1445 3972 Dec 09 2204 2193 2222 2191 3336 ***** Jan 10 2203 2210 2224 2187 ***** ***** Feb 10 2204 2204
      66 words
    • 284 25 Oct 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec09 Mar10 Jun10 Sep10 99.6450 99.4300 99.1000 98.7200 8287 4084 3507 2912 EUROYEN TIBOR FUTURES Dec09 Mar10 Jun10 Sep10 DedO Mar11 Jun11 Sep11 99.495 99.510 99.525 99.510 99.450 99.365 99.305 99.305 63 20 3715 3935 1919 1630
      284 words
    • 2296 25 BONDS, WARRANTS EXTENDED SETTLEMENT Jel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 3 >036AdvanceSCTLtdW*****9 0.5 Allgreen Properties.ES.0910 117 S756#AsiaticGrp(H)W*****2 8.5 H05#Asiatravel W*****7 40 '878 Aztech Systems W*****6 1 ce unch 499 l912BakerTech W*****3 31 BanJoo &Co Ltd W*****2
      2,296 words

  • Page 26 Advertisements
    • 2735 26 The Business Times dM WW ffffifl jff^ jS-fflH WAN HAI INTERNATIONAL PTE LTD UEN *****4695 M V^ £*^TC| ij^V |Sj gffiWfWr'^^^fmgMß V"vll\ IAIA M UAI lIMFC TEL *****588 (14UNES) FAX:*****163 1* A vZ^TiIIrTTTIH IWpHBBBHMWIHWWB SMPSjaSSSt Y\^bl^»\ 1 WAN n/\l INt J PKL TEL: (03) *****888 FAX: (03) *****288 PEN TEL:
      2,735 words

  • Page 27 Advertisements
    • 3162 27 r^HHEHBHI^^^^^H! I H~E~ EASTERN CAR LINER, LTD I ["H ijljTFT^ I Pf—^—* specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I MiH^lflfiMfflSMTl*!^^ igamM^^M^o ny, i uym i kuc i «n i m i w i s UB i mnl I .ravm;™ BT\M f* M "PANSY |3B
      3,162 words

  • executive lifestyle
    • 1725 28  -  MELISSA LWEE Some areas of Singapore's wine industry are showing promise as palates become more sophisticated, reports CHRISTOPHER LIM WHEN Hong Kong slashed its alcohol taxes to zero last year, it put a dent in Singapore's attempts to grow as a wine business hub of
      _J ARTHUR LEE  -  1,725 words
  • Page 28 Miscellaneous

  • CINEMA
    • 598 29 The Blue Mansion has all the ingredients of the classic Brit whodunit but the story never quite takes off, says GEOFFREY EU LEVEN years after his directorial debut with Forever Fever, Glen Goei returns to the filmmaking fold with The Blue Mansion, a localised version of
      598 words
    • 504 29  -  AMANDA DE GUZMAN By IN film, there are few subjects that require as much delicacy as the death of a child. And while it is an unapologetic tearjerker, My Sister's Keeper is well aware of this. This is not to say it isn't extremely sentimental
      504 words
  • Page 29 Advertisements
    • 91 29 REDISCOVER Keyaki reopens with modern interiors and a charming rooftop garden. The pleasures B JifyP'i hlVm u^^^^JL of Japanese cuisine coupled with temptations of premium sakes, your choices at ESSljS^^--Keyaki range from indulgent to unsurpassed. There is more to discover with our [Hfcj^*^r*^4>«fL; new Master Chef Hiroshi Kagata at the
      91 words

  • MUSIC/GAMING
    • 684 30 The New York Philharmonic deserved standing ovations, says CHRISTOPHER LIM THE New York Philharmonic so enthralled its Singapore audience early this week that they could not resist applauding in between movements instead of waiting for each piece to conclude. This enthusiasm, however, was most certainly
      CHRIS LEE/NEW YORK PHILHARMONIC  -  684 words
    • 556 30  -  CHRISTOPHER LIM CD REVIEW Dear Agony Breaking Benjamin Hollywood Rating: B Brand New Eyes Para mo re Atlantic Rating: C+ (500) Days Of Summer: Music From The Motion Picture Warner Rating: B+ By IT'S amazing how music singles released through movie soundtracks can raise the
      556 words
    • 619 30  -  CHRISTOPHER LIM By EVEN multi-millionaires would find it a challenge to amass the 400-odd cars featured in Forza Motorsport 3, so car enthusiasts should welcome today's release of the ultimate driving game for Microsoft's Xbox 360 console. There are so many cars and tracks, each
      619 words
  • Page 30 Advertisements
    • 114 30 +o nl oT P^a I? tM ICIIJICU a- r v%*J THE HEARTBEAT OF THE INDIAN COMMUNITY L*. pl^/T"" Indians sinking in Galleon ft> hedge fund scandal Bfc^ i||M BP^ "^P 1 Get to ki Sachins A^»j the world better |WJL Start your day with SPH newspapers hot off n^ the
      114 words

  • BOOKS
    • 1218 31 Three South-east Asian authors at the Singapore Writers Festival tell CLARISSA TAN about the necessity or not of writing in English THERE is one, just one, literary work in English written by an East Timorese who lived through the country's 24-year struggle against the Indonesian government.
      1,218 words
    • 706 31  -  CHRISTOPHER LIM By SWEDISH novelist John Ajvide Lindqvist and American graphic novelist Mark Waid both see a convergence of media channels like books, movies and computer games, but while Lindqvist has arguably had more cross-media exposure, he concedes he isn't terribly media savvy. "I'm not an Internet
      706 words
  • Page 31 Advertisements
    • 33 31 BUT ijb/itt^v JAZMIN ASIAN ARTS Fine Indian Arts and Antiques Welcome to our new location 02-65, Tanglin Shopping Center 19 Tanglin road, Singapore Open daily, 12-6 pm (dose on Monday) Tel: 8314 4844
      33 words
    • 257 31 Spicily Mp four 2>/h/i*£, Experience ">^T% «/Mrknrt»/Jinn Our group started with the popular Jack's Place £k I f\. .PGPPCI Cl I lIC Sleakhouse.nl 966 We then evolved to include more Hlfl CS dining concepts. In each of our 4 dining concepts, our customers recognised our ability to add zing to
      257 words

  • ARTS
    • 1055 32 A group of artists, responding to the challenge of producing huge paintings for an exhibition, share with WOON TAI HO the inspiration behind their works SINGAPORE may be small in size, but it has achieved success way beyond its dreams simply by thinking big. Not being
      1,055 words
    • 642 32  -  CHEAH UI-HOON By CLASSICAL Indian music was one of the earliest music genres from Asia to be "exported" to North America and Europe in a big way, but now contemporary Indian bands such as Indian Ocean are also making waves. Pioneers of a new sound
      642 words
  • Page 32 Advertisements
  • Page 32 Miscellaneous
    • 474 32 recollections and journeys of the Exploring concepts of reality Capturing urban life CIRCULAR Ruins is a dance performance by Raka Mitra and Bambang at its rawest Besur Suryono that explores the concepts of reality as a response to the FILMMAKER bv profession and text Circular Ruins by Argentinean writer Jorge
      474 words

  • WINE
    • 900 33 N X YONG on 'mouth-feel' as a gauge in assessing wine THE first duty of a wine is to give pleasure. Surely that is self-evident otherwise why go to so much effort and expense? Unfortunately, with all the hype and the press discussing the merits and otherwise
      BLOOMBERG  -  900 words
  • Page 33 Advertisements
    • 32 33 GOOD GAINS I Let your investors I know by advertising I your financial I results in our I newspapers. Call I 1800 289 8822 I or email I notices@sph.com.sg. I MATS NOTICES
      32 words
    • 2550 33 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of ROCKEBY BIOMED CORPORATION V ,^H» LIMITED V J r^fc Company Reg. No. *****2926Z L^^ Notice of Creditors' Meeting V Pursuant To Section 296 OF JM The Companies Act, Cap. SO M NOTICE is hereby given that
      2,550 words
  • Page 33 Miscellaneous
    • 246 33 CRYPTIC CROSSWORD Across 111 II 30 The Spanish, say, take time out to find a deputy (8) 8 Chemical evidence of canna- 27 Club for those who like a bit 31 Has it a piercing eye? Just bis smoking? (6) of spice (4) the opposite (6) 11 An unconscious pedestrian
      246 words

  • PROFILE
    • 1123 34 Explorer Mike Horn tells CLARISSA TAN how he hopes to raise ecological awareness with his four-year yachting expedition, and why life should never be plain sailing MIKE Horn has just come out of the typhoons. His yacht, the Pangaea, had spent a few days
      OFFICINE PANERAI  -  1,123 words
  • Page 34 Advertisements
    • 89 34 w I BBBMMH(^^MHi^H^ hfe caliaitalia llHM|l^^^^h| fl^fl^^^^l Bl VK^S^bl^H^^^^RKl metropolitan ■^■A^|^^HSJMUM|^^lA| mmjflmjjn HHH E»pressing the life style ol today's consumers by using all the languages of Italian designs. Based on founder, Mr Matera's handcraft jm v OP\ H I tradition of top-quality upholstered furniture handed down by generations. Jf- /V|
      89 words