The Business Times, 24 October 2009

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Microfilm: NL30173
Total Pages: 48
1 48 The Business Times
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  • Title Section
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    17 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg OCTOBER 24-25, 2009 Ssl.oo MICA(P) 124/08/2009 Sf^l A SINGAPORE PRESS HOLDINGS PUBLICATION
    17 words
  • Article, Illustration
    Lock icon Home prices shoot up, rentals arrest their slide
    773 1  -  Kalpana Rashiwala URA's Q3 data points to strengthening property market; supply pipelines shrink, but may bulk up later THE property market appears to be improving across the board a trend underlined by Urban Redevelopment Authority's data for the third quarter. Private home
    URA  -  773 words
  • Article
    Lock icon Nokia hurls a rock at iPhone, no ripples here
    483 1  -  Ong Boon Kiat It accuses Apple of stealing its innovations A POTENTIALLY market-shaking legal fight has broken out between Nokia and Apple, but the feverish demand here for Apple's iPhone is unlikely to be doused by the news. Nokia, the world's
    483 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
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      151 1 ft f v THE RAFFLES CONVERSATION CEOS' HAWKER GUIDE F^M^ WEALTH J STEFAN BORGAS, CEO OF Teochew zhi char sJIPNi Makingsense of LONZAGROUP 8-9 LB-9 L ''^%tm Hei iler 3031 BUDGET M'sia to slash spending PRIME Minister Najib Razak unveiled an ambitious budget designed to aggressively rein in the high
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  • TOP STORIES
    • Article
      Lock icon MARKETS
      16 2 A STI 2,715.34 (+33.37) STI FUTURES 2,715.00 (+34.00) SIMSCI 323.51 (+3.16) SIMSCI FUTURES 323.30 (+3.60)
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    • Article
      Lock icon STOCKS
      46 2 KL COMP 1,267.10 -7.08 NIKKEI 225 10,282.99 +15.82 HANG SENG 22,589.73 +379.21 SET Closed JAKARTA 2,467.95 +34.77 MANILA 2,932.99 +44.27 KOSPI 1,640.17 +9.84 SHENZHEN B 546.96 +4.69 MUMBAI IND 16,810.81 12 noon EDT +21.07 Chantre 12 noon EDT DOW 10,002.56 Change -78.75 NASDAQ 2,164.33 -0.96
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    • Article
      Lock icon PRIME RATES
      29 2 Bloomberg SINGAPORE 538 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.459 TAIWAN 4.776 JAPAN 1.475 KOREA 933 BRITAIN 050 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      48 2 US$ 'S$ »er US$; 1.393 'US$/ /S$ 1.668 2.323 EURO. ;us$/s$/i 1.502 2.092 Forei: ;n currene >er US$ S$ YEN 91.80 65.90 RM 3.379 2.425 HK$ 7.750 5.564 BAHT 33.43 24.00 RUPIAH 9,440 6,777 RENMINBI 6.828 4.902 NDIAN RUPEE 46.44 33.34 A$ 1.079 0.775 NZ$ 1.322 0.949
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    • Article, Illustration
      Lock icon M'sia to slash spending, bring back real property gains tax
      828 2  -  Pauline Ng Fuel subsidies may be re-examined, too, as Najib tries to cut budget deficit MALAYSIAN Prime Minister Najib Razak unveiled yesterday an ambitious budget designed to aggressively rein the highest fiscal deficit in two decades. His more eye-catching measures
      828 words
    • Article
      Lock icon Maxis IPO Malaysia's biggest at RM12.4b
      265 2 Bloomberg Kuala Lumpur MAXIS Communications, Malaysia's biggest mobile-phone operator, plans to raise as much as RM12.4 billion (Sss.l billion) in the country's largest initial share sale, according to an e-mail sent to investors. The company is offering as many as 2.25 billion shares at
      Bloomberg  -  265 words
    • Article
      Lock icon US pay surgery may lead to rethink here
      684 4  -  Teh Shi Ning No direct impact expected in Asia, but wider debate may resonate here in the long term THE latest dual crackdown on big banks' lavish pay packages by the US Federal Reserve and Treasury Department defines the shift towards a
      684 words
    • Article
      Lock icon From tweets to jets?
      220 4  -  Winston Chai A MADE-IN-SINGAPORE micro-blogging tool has set its sights on stealing some of the thunder from global social media phenomenon Twitter. Mobjet, launched this week in Singapore, aims to latch onto US-based Twitter, a micro-blogging service that allows users to post text messages of not
      220 words
    • Article, Illustration
      Lock icon Office vacancies rise, rentals fall despite positive take-up
      634 5  -  Kalpana Rashiwala Fresh supply coming to the market outstrips rejuvenated demand THE office market posted a positive take-up of 3,000 square metres (or 32,292 square feet) in the third quarter of this year reversing three consecutive quarters of negative take-up, according to
      ARTHUR LEE  -  634 words
    • Article
      Lock icon Malaysia economy forecast to grow 2-3% in 2010
      472 5  -  S Jayasankaran THE Malaysian economy is projected to expand 2-3 per cent in gross domestic product terms next year, compared with a contraction of 3 per cent in 2009, according to the Treasury's Economic Report 2009-10 released yesterday. The decline in output
      472 words
    • Article
      Lock icon US-Japan row over Marine base intensifies
      577 6  -  Anthony Rowley Hatoyama insists that there is no need to rush its relocation despite pressure A GROWING row between Japan and the United States over relocation of a US Marine base on Japan's southern island of Okinawa escalated yesterday, as Japanese Prime Minister Yukio
      577 words
    • Article, Illustration
      Lock icon Hong Kong reins in property lending amid bubble fears
      609 6 Reuters Hong Kong HONG KONG'S central bank yesterday moved to slow a surge in luxury property prices driven by rich buyers from mainland China by limiting mortgages amid growing concern over a real estate bubble in the territory. Last week, Hong
      Reuters; REUTERS  -  609 words
  • Page 2 Miscellaneous
    • Miscellaneous
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      67 2 NEWS LIVING Top Stories 2-6 shoPPing L 2-? Week in Review 7 Design t* Raffles Conversation 8-9 p^Bi|R "1 From The Desk Of 14 I 'ijMfij II It^^l Singapore 15-17 Gadgets L 7 Letter From Abroad 18 Dining LB-1T World T9-22 Beauty Ll2-13 Stocks Stats 23-27 Travel LI 4 Perspective
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      479 3 ADVERTISEMENT AN INNOVATION BY AUSTRALIAN AND SINGAPOREAN SCIENTISTS has shrunk large and bulky machines used to treat pain in hospitals and clinics into the size of a computer mouse. The OTO e-cell is a portable device that uses pulsed electromagnetic fields (PEMF) to help your body with pain relief. With
      479 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • Article
        Lock icon Fastest recovery on record is cause for concern
        56 7 WHILE the jury is still out on whether the recovery we are seeing today will be "V" or "W" shaped, investors are becoming as euphoric as they were during the height of the stock market boom in the third quarter of 2007
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      • Article
        Lock icon Asia-Pac workers expect pay increases next year
        89 7 WITH the economy bouncing back, salaries in the Asia-Pacific are set for bigger jumps next year to forestall job hopping, as bosses return to staff-poaching to meet rising orders, says a recent poll by HR Business Solutions (HRBS). Regional pay hikes in 2010,
        89 words
      • Article
        Lock icon Power to the people at bids
        97 7 competitive 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
        97 words
      • Article, Illustration
        Lock icon IP rights, rule of law our MM Lee
        111 7 competitive edge: 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 Mentor Lee Kuan Yew said on Monday night. Speaking at a dialogue with university students held
        AFP FILE PHOTO  -  111 words
      • Article
        Lock icon No fishing expeditions in 'white' tax waters here
        46 7 WITH Singapore poised to graduate to the "white list" of the Organisation for Economic Cooperation and Development (OECD), trust and estate practitioners are confident that there are sufficient safeguards in place to prevent indiscriminate prying into taxpayers' accounts.
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      • Article
        Lock icon UOB to redeem $150m worth of structured
        74 7 products UNITED Overseas Bank (UOB) is offering to redeem at full value some $150 million worth of structured investment products that it sold to retail investors in 2005. The market value of the Prudential Yield 15 and Yield 20 funds, both of which
        74 words
      • Article
        Lock icon Govt bond sales plunge as risk returns
        60 7 appetite DEMAND for Singapore government securities (SGS) has plunged amid higher investor risk appetite and rising inflation fears. According to the Monetary Authority of Singapore, average daily sales volumes of the benchmark 10-year Singapore government bonds have now plunged to $33 million last
        60 words
      • Article
        Lock icon Large freehold condo site sold for $158m
        62 7 $158 IN what is one of the biggest freehold condo site deals in the last 12 months, Lee Tat Development has sold a 207,000 sq ft plot at the end of Jalan Senang and Lengkong Tujoh, off Sims Avenue, for $158 million. The
        62 words
      • Article
        Lock icon CIS struggles to reach dotted finishing line
        41 7 SEVEN months after the Canadian International School's (CIS) Jurong West campus was slated to open, the school's agreement with an unnamed partner for the project remains unfinalised, with $120 million hanging in the balance.
        41 words
      • Article
        Lock icon Forks in the road for fund investors
        77 7 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
        77 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      202 7 CRYPTIC CROSSWORD SATURDAY with Ludwig indulgence? (5,2,4) I '^H |^H I k v r u nc c lf u I i lisht (s^) V I r I^l I or racketeer (7) —L_L_H I 121 had associated with i r i v 4. I 18 Item in butchers story breek character,
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      80 7 NEXT WEEK Oct 26-30, 2009 US DATA Oct 27 Durable orders Sept Consumer confidence Oct Oct 28 New home sales Sept Oct 29 GDP adv Q3 Oct 30 Personal income Sept Personal spending Sept Employment cost index SINGAPORE DATA Oct 26 Index of industrial production Sept Oct 29 Producer and
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Scientific approach
      1682 8  -  Huifen Armed with deep understanding of the drug making business and finely honed managerial skills, Stefan Borgas led a shakeup of Swiss life sciences group Lonza. J^^™ ORE than five years into his job as the CEO of Swiss life sciences group Lonza, Stefan Borgas candidly admits that
      ARTHUR LEE  -  1,682 words
    • Article
      Lock icon A role for each Asian site
      387 8 FOUNDED on the banks of Switzerland's Lonza river in 1897, Lonza has a long history in chemical manufacturing and contract manufacturing for the pharmaceutical sector. It was started by a group of "mountain people" whom current CEO Stefan Borgas attributed for the entrepreneurial culture
      387 words
    • Article
      Lock icon Raffles
      76 8 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Chartered cuts Q3 loss to US$4.7m
      424 9  -  Winston Chai It will not be issuing a guidance for the fourth quarter due to the ATIC takeover CHARTERED Semiconductor Manufacturing served up more hopes of a global chip sector rebound by substantially narrowing its third-quarter loss to US$4.7 million. The figure, which included
      FILE PHOTO  -  424 words
    • Article
      Lock icon Prudential fund investors fret over impact of mass redemptions
      558 9  -  Conrad Tan THE Securities Investors Association of Singapore (SIAS) has called on the fund manager of the Prudential Yield 15 and Yield 20 funds to shed light on whether the value of the funds could be hurt by a potential flood
      558 words
    • Article
      Lock icon At a glance
      111 9 NET PROFIT (S$IV|) COMPANY CURRENT PREVIOUS CHNG TURNOVER (s$m) NET PROFIT (s$IUl) TURNOVER (s$IUl) CURRENT PREVIOUS CHNG I CURRENT PREVIOUS CHNG I CURRENT PREVIOUS CHNG FSLTrust 46.66 59.69 -21.8 105.05 86.20 21.9 11.26 21.58 -47.8 34.82 33.49 4.0 CapitaRChinaTrust 37.91 31.78 19.3 90.64 77.58 16.8 12.58 12.45
      111 words
    • Article
      Lock icon CRCT distributable income rises in Q3
      391 10  -  Uma Shankari DPU of 2.02 cents as net property income rises 0.7% CAPITARETAIL China Trust's (CRCT) third-quarter distributable income inched up to $12.6 million from Q3 2008's $12.4 million. The China retail trust of CapitaLand announced a distribution per unit of 2.02 cents, up
      391 words
    • Article
      Lock icon FSLT cuts Q3 distribution by 47.8%
      318 10  -  Vincent Wee FIRST Ship Lease Trust (FSLT) continued to adopt a prudent approach amid the global shipping downturn, slashing its third-quarter distribution to unitholders by 47.8 per cent year-on-year to U557.96 million. This resulted in a distribution per unit of 1.5 US cents, in
      318 words
    • Article
      Lock icon Bookrunners for mall unit's IPO
      82 10 Reuters Hong Kong/Singapore CREDIT Suisse and Deutsche have joined as bookrunners for Singapore Capita Land's shopping mall unit IPO that could raise over US$l billion, two sources told Reuters yesterday. Capita Land Retail, a unit of South-east Asia's biggest developer, aims to list its shares
      Reuters  -  82 words
    • Article
      Lock icon FCOT Q3 distributable income falls 23.9%
      353 11  -  Chen Huifen Factors include lower revenue and higher finance costs FRASERS Commercial Trust (FCOT) has reported a 23.9 per cent fall in third-quar-ter distributable income to $6.1 million, dragged down by lower revenue and higher finance costs. Distribution per unit after adjustment for rights
      353 words
    • Article
      Lock icon United Envirotech wins China deal
      184 11  -  Oh Boon Ping WASTE-WATER treatment specialist United Envirotech has won a contract to build and operate a 160,000 cv m per day treatment and recycling plant in China for 30 years. In a statement yesterday, the company said the project in Hegang City, Heilongjiang Province
      184 words
    • Article, Illustration
      Lock icon UOB opens branch in China's Tianjin
      159 11 Singapore UNITED Overseas Bank (UOB) officially opened its Tianjin branch in China on Thursday. The Tianjin branch is the first branch that UOB has opened after its local incorporation in China, expanding its presence in the country to a total of 10 branches and
      159 words
    • Article
      Lock icon DBS Taiwan to replace expat managers
      204 11 Bloomberg Taipei DBS Group Holdings will replace more than 30 expatriate managers, who helped integrate the acquisition of Bowa Commercial Bank Co, in Taiwan with locals. The managers, who came from DBS's Hong Kong and Singapore branches, may start returning as early as next
      Bloomberg  -  204 words
    • Article, Illustration
      Lock icon Trading curbs, inert US mark topsy-turvy week
      580 12  -  1 R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent TRADING restrictions on penny stocks this week forced punters to switch their attention to blue chips, while throughout the five days, the fate of the Straits Times Index was determined by anticipation of how Wall Street
      580 words
    • Article
      Lock icon TOP 20 ACTIVES
      116 12 jolden 80,357 0.5 1.1 lentillion R 45,520 0.5 0.0 0.0 Jovena 44,629 20 0.5 2.6 loe Leoni 39,961 52 4.0 8.3 lediaRins 35,190 23.5 1.5 6.8 Joble Gl 33,111 274 8.0 3.( 32,682 435 15.0 3.( Jan Bens 32,631 33 3.5 11.9 "ranscu Grt 32,418 13 0.0
      116 words
    • Article
      Lock icon TOP GAINERS
      53 12 CLOSE UP IMH 3156 217.2 5.: iBXT Nil 10US: ***** 185.2 i.: ir China H 10US$ 1728 78.0 3.: ISH 1790 69.6 2.' iLD 10US$ ***** 43.2 o.: IMT 1300 40.0 3.: iBXT FTVietnam 10US$ 5805 29.2 0.. ;ia 1408 28.0 2.1 ;ia 200 1404 24.0 1." 'Dev
      53 words
    • Article
      Lock icon TOP LOSERS
      58 12 CLOSEDOWN iBXTS&P Short 10US 5605 -128' -l.i laii 597 -15.3 -1.1 ir MS India 10US$ 1464 -13.9 -o: >Con iMBLeCW09T 78 -9.0 -10.: :im En; Hid] 196 -7.0 -3.. Con i.ES.0910 817 -6.0 -o: cor India NifD 10 1503 -6.0 -0.. law Par Con 568 -5.0 -0.' ireat
      58 words
    • Article
      Lock icon STI STOCKS
      103 12 ]apitaLand 4.350 +0.150 litaMall 1.750 +0.020 :if 'Dev 10.260 +0.220 :omfortDelGro 1.570 :osco Con 1.180 +0.030 IBS Grp 13.000 +0.040 :&N 3.900 ientin: SP 1.110 +0.010 iolden Agri 0.460 +0.005 IK Land 4.730 +0.050 IMH 31.560 +1.560 ISH 17.900 +0.500 lardine C8cC 25.180 >el Con 8.150 -0.030 IOL
      103 words
    • Article
      Lock icon Noble completes US$2.4b financing
      509 12 Reuters Hong Kong COMMODITIES company Noble Group has completed a US$2.4 billion three-tranche financing, the largest syndicated loan in Asia ex-Australia so far this year, with a whopping 63 banks joining, banking sources said. The deal was oversubscribed to US$2.5 billion, and the global commodities trader
      Reuters  -  509 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      1048 10 vjw s, a n is 5] JAAI PEOPLE'S FOOD HOLDINGS LIMITED (Incorporated in Bermuda on 31 August 2000) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of the Shareholders of People's Food Holdings Limited (the "Company") will be held at M Hotel Singapore, Anson
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  • Page 11 Advertisements
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      48 11 Get your double dosage of Sunday papers at just $1,201 thesundayti^ jJS^'sss* B^^* The Sunday T i», Offer available at Buzz Pods, 7-Eleven, 7-Eleven SHELL, Cheers, Cheers/Fairprice Xpress ESSO, Econ Minimarts, NTUC Fairprice, Cold Storage, Giant, Shop N Save, Carrefour, Caltex, Guardian, Prologue, Borders and newsstands. thesundaytimes sundaya
      48 words
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      87 12 I Additional In the Court of the Family Judge at Chennai Mrs. G.lndumathi Petitioner Vs Mr. Vikram Subramanian Respondent To Mr. Vikram Subramanian No.555, Dunman Road, Singapore-439 2257 Sir, Please take notice that in the above petition filed by the Petitioner for divorce against you, the Hon'ble Judge has ordered
      87 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Wherever the Web is heading, it's going there fast
      904 13  -  James Skinner It's not enough to be connected to your customers. To win them over, make sure you are connected to the rest of your customers' worlds I FROM THE DESK OF Senior Advisor, Mob Jet.com Web 2.0 is so old
      904 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon SMBs outlook more confident now
      555 14  -  Chen Huifen According to a survey by HSBC, 39 per cent of those polled in Singapore expect imports or exports to increase SMALL and medium businesses (SMBs) that engage in trading appear more confident about the outlook in the current quarter, with more of them
      :HSBC  -  555 words
    • Article, Illustration
      Lock icon Sept CPI falls but food, health care rise
      242 14 FOOD and healthcare costs rose in September, despite an overall decline in general price levels, according to the Department of Statistics. On the whole, last month's consumer price index fell 0.4 per cent from a year earlier. The prices of goods in
      BLOOMBERG  -  242 words
    • Article
      Lock icon Mediacorp restoring pay – for one month
      266 14 Mediacorp restoring pay for one month AFTER a recent improvement in business, Mediacorp will restore a 10 per cent pay cut that it imposed on staff in November last year, according to an internal memo sent yesterday. An unpaid leave scheme making employees take an unpaid day off once a
      266 words
    • Article
      Lock icon World Roads conference to be held here
      138 14 MORE than 500 delegates from 32 countries will gather at the World Roads Conference here on Monday to exchange ideas on how to balance growing demand for transport and its impact on the environment. The theme of the three-day event, which ends on
      138 words
    • Article
      Lock icon Better prospects seen for watch industry
      367 15  -  Teh Shi Ning Trade body working with WDA on qualification system to equip retail, service staff with skills, knowledge tshining@sph.com.sg SINGAPORE imported 20 per cent fewer Swiss watches in the first nine months of this year than in the same period last year. But
      367 words
    • Article, Illustration
      Lock icon On with the show
      212 15  -  Arthur Lee arthurl@sph.com.sg lON Orchard was officially opened by President S R Nathan last night, marking the finale of a nine-day celebration that started with American Idol winner Carrie Underwood's first public performance in Singapore last week. Mr Nathan also officially launched We Are One, a
      ARTHUR LEE  -  212 words
    • Article
      Lock icon AICHR to promote human rights awareness
      380 16  -  Chuang Peck Ming ASEAN SUMMIT It will work constructively with the Asean governments and civil society organisations peckming@sph.com.sg Hua Hin, Thailand SINGAPORE'S representative on the Asean Intergovernmental Commission on Human Rights (AICHR) wants the commission to promote awareness and understanding of human rights among
      380 words
    • Article, Illustration
      Lock icon Vietnamese PM to visit next month
      183 16 VIETNAMESE President Nguyen Minh Triet is due to arrive in Singapore next month on a state visit. The visit was touched on when Prime Minister Lee Hsien Loong and his Vietnamese counterpart Nguyen Tan Dung met yesterday on the sidelines of the Asean Summit.
      SEYU TZYY WEI/LIANHE ZAOBAO  -  183 words
    • Article
      Lock icon Member states can choose CSO rep
      248 16 THE organisers of the Asean Peoples' Forum/Asean Civil Society Conference said yesterday that they were "shocked" to learn that Singapore had selected "substitutes from government-spon-sored agencies" for an informal dialogue session with Asean leaders. But a spokesman for Singapore's Foreign Affairs Ministry said last
      248 words
    • Article
      Lock icon Shell promoting new petrol at $1 per litre today
      430 16  -  Samuel Ec FORGET rising oil prices Shell Fuel Save 95 and 98 petrol will be a lot cheaper island-wide today. For eight hours from 10am to 6pm, either grade will cost only $1 a litre as much as 45 per cent
      430 words
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      582 15 Singapore WBWtHISKIHIM Writers ISiAHliilM Festival ■wmiTiYin«fi«aaauM Festival Venue: The Arts House unDEßcovers Find your passion. Dive under covers. Get UNderCovers at the Singapore Writers Festival this year! From murders in cosmopolitan Shanghai to the mysterious next door neighbour in Sweden, from hauntings in fast paced Tokyo to the struggles of
      582 words
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  • Page 16 Advertisements
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      72 16 FuelSave Pump I/litre NEW Shell FuelSave the breakthrough fuel that saves you up to 1 litre with every full tank' Celebrate the launch of new She I =ue!Save 98 and 95 at [tst SI per litre" tore limited lime! Hurry., tnis otter is valid oetween get the rnas: out of
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  • LETTER FROM ABROAD WITH ASCOTT
    • Article, Illustration
      Lock icon Experiencing the Swiss lifestyle
      975 17  -  Loh Pi Wen SWITZERLAND, a landlocked country in the heart of Europe, is synonymous with fine chocolates and cheese, quality watches and banking systems, as well as stunning mountains. Unlike countries like the United States and Australia, Switzerland is not a common destination for Singaporeans to
      975 words
  • Page 17 Advertisements
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      240 17 YEAR-END CELEBRATORY OFFERS promotion rates from t \jA. m\ Right in the heart of town and a stroll away from the world famous Petronas Twin j-_/p» _-____h_fcJ^MiU Towers, Ascott Kuala Lumpur enjoys a prestigious address. The Suria KLCC Shopping /y\ IIX -c £«w U^ t ~^2 Mall, ritzy restaurants and
      240 words
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  • WORLD
    • Article, Illustration
      Lock icon Cambodia- Thai friction mounts at summit
      663 18 Reuters, AP Hun Sen says Thaksin can stay in Cambodia as guest and economic adviser Hua Hin, Thailand CAMBODIA'S Prime Minister Hun Sen yesterday offered Thaksin Shinawatra a job as economic adviser. The comments add to mounting friction between the neighbouring countries that threatens
      Reuters, AP; REUTERS  -  663 words
    • Article
      Lock icon Ex-Ferrari team boss elected FIA president
      187 18 Reuters Paris FRENCHMAN Jean Todt was elected president of the International Automobile Federation (FIA) yesterday. The ex-Ferrari Formula One team boss, who stood against Finland's former world rally champion Ari Vatanen, succeeds Max Mosley as head of world motorsport's governing body. "Jean Todt has
      Reuters  -  187 words
    • Article, Illustration
      Lock icon Expect a spectacular match tomorrow
      563 18  -  Lee U-Wen no holds barred TOMORROW will be Rafa Benitez's 200 th Premier League match in charge of his beloved Liverpool team, but the Spaniard, in all honesty, will not be in any mood to celebrate before the kick-off. He could hardly have wished for
      563 words
    • Article
      Lock icon UK economy shrinks unexpectedly in Q3
      187 19 Bloomberg London BRTAIN'S gross domestic product unexpectedly dropped in the third quarter as slumps in services, manufacturing and construction kept the economy mired in its longest recession on record. The pound tumbled. GDP fell 0.4 per cent from the previous three months, the Office
      Bloomberg  -  187 words
    • Article, Illustration
      Lock icon Taleban dig in as Pakistani army mounts offensive
      663 19 AP Military has made it clear that the campaign will be long and bloody Dera Ismail Khan, Pakistan RESIDENTS fleeing a nearly week-old Pakistani army offensive in a Taleban stronghold along the Afghan border have reported that the insurgents are digging in
      AP  -  663 words
    • Article, Illustration
      Lock icon Sands seeking to restart Macau projects
      824 20 Bloomberg Firm looks for USs2b financing, willing to add more equity; planning IPO in HK New York LAS Vegas Sands Corp, the casino company controlled by billionaire Sheldon Adelson, is seeking as much as US$2 billion to restart mothballed projects in Macau, chief operating
      Bloomberg  -  824 words
    • Article, Illustration
      Lock icon Swedes shown their food's carbon footprint
      624 20 NYT Stockholm SHOPPING for oatmeal, Helena Bergstrom admitted that she was flummoxed by the label on the blue box which reads: "Climate declared: .87 kg CO2 per kg of product". "Right now, I don't know what this means," said Ms Bergstrom, a pharmaceutical company
      NYT; AFP  -  624 words
    • Article
      Lock icon Pay cuts will lead to brain drain
      491 21 AP, Bloomberg, NYT 175 executives targeted are most talented and productive, competitors likely to woo them New York THE Obama administration's decision to cut the pay of top executives at companies on taxpayer life support will help quieten the popular outrage over excessive
      AP, Bloomberg, NYT  -  491 words
    • Article, Illustration
      Lock icon Japanese researchers discover why red wine, fish pairings don't work
      310 21 Reuters Sydney IT'S NOT just culinary etiquette to pair red wine with red meat, and not fish. A Japanese research team is finding that there is a scientific explanation to this. Researcher Takayuki Tamura and colleagues from the product development
      Reuters  -  310 words
    • Article
      Lock icon Wall Street earns US$30b in last quarter
      381 21 Reuters New York WALL Street went through an "enormous swing" in the last quarter, earning over US$3O billion instead of losing the US$l4 billion New York City had anticipated, Mayor Michael Bloomberg said on Thursday. But the mayor, who made his first fortune
      Reuters  -  381 words
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  • SGX
    • Article
      Lock icon Transaction date: Oct 23
      8931 22 52 ligh ;z-wks Tel Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div i C'vr GrYld Net P/E M Cap Smil 7 1.5 14 5.5 I !3 13 I 6 12 4 1.5 6.5 3.5 _8 !5.5 I 1.5 8
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      Lock icon SGX CATALIST
      1680 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 0 5 1181 s AAGrp !5 12 8538 t APStrategic 1 0.5 1501 s Advanced System 75 2 3480 t Adventus !0 8.5 3518 t Afor 2.5 2 1524 t Alantac 1 3.5 7814 t
      1,680 words
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      Lock icon SECURITIES TRADING SCOREBOARD
      48 25 Up Down Unch 8 4 4 Up Down Unch 0 0 0 Up Down Unch 8 4 4 lulti Ind lanul factum ni .ommerce -inance ,onst ruction lotel ?sts~ >ervices led las/ fateT .ure juarr Active counters with no volume for today are not included.
      48 words
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      Lock icon SECURITIES TRADING TURNOVER
      174 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      174 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      817 25 For week beginning Oct 19 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000) Stock Trans Date Substantial Shareholder/ Director Buy Sell Cony No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000)
      817 words
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  • MARKETS
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 26 YTD change:+s4.l4% 52-week high: 2,739.55 on Oct 15,2009 52-week low: 1,455.47 on March 10,2009 Source: Bloomberg
        : Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        19 26 YTD change:+s7.ol% 52-week high: 22,620.00 on Oct 22,2009 52-week low: 10,676.20 on Oct 27,2008 Source: :Bloomberg
        :Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 26 YTD change:+l4.B7% 52-week high: 10,119.40 on Oct 21,2009 52-week low: 6,469.95 on March 6,2009 (Chart shows Thursday's index closing) Source: Bloomberg
        : Bloomberg  -  25 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        365 26 Oct 22 %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change World Index Preliminai 813.1 -0.4 20.0 -0.3 21.7 -0.5 25.8 EAFE Preliminai 770.9 -0.9 18.8 -0.9 25.2 -1.1 29.4 Euro| Preliminai 1100.6 -1.0 20.7 -1.0 28.9 -1.1 33.2 Pacific 621.9
        365 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        152 26 Oct 23 Against S! .urrencies Bid \>$/US$ to one unit of foreign currency: \ustralian dollar 1.2897 s$ Offer 1.2913 Against US! Bid 0.9263 Offer 0.9266 :anadian dollar 1.3237 1.3256 0.9508 0.9512 Euro 2.0910 2.0932 1.5018 1.5020 NZ dollar 1.0526 1.0550 0.7560 0.7570 jterlini 2.3215 2.3240 1.6674 1.6676
        152 words
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        Lock icon Shanghai Stock Exchange Composite
        20 26 YTD change:+7o.69% 52-week high: 3,478.01 on Aug 4,2009 52-week low: 1,664.92 on Oct 28,2008 Source: Bloomberg
        : Bloomberg  -  20 words
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        Lock icon Nikkei 225
        18 26 YTD change:+l6.o7% 52-week high: 10,767.00 on Aug 31,2009 52-week low: 6,994.90 on Oct 28,2008 Source: Bloomberg
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      • Article
        Lock icon LIFFE
        70 26 Oct 22 1 (£/tonne) Close Prev Hit ;h/Low )ec09 2159 2149 2161/2126 10 2191 2178 2193/2156 2215 2203 2216/2182 lul 10 2145 2135 2145/2134 -OFFEE (US$/tonne) Close Pev High/Low \lov09 1437 1450 1455/1435 Ian 10 1479 1488 1493/1474 vlar 10 1512 1520 1526/1506 SUGAR (US tonne) White Close Prev
        70 words
      • Article
        Lock icon CHICAGO BOT
        94 26 Oct 22| SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 09 1005.*****8.*****9.50 994.00 Jan 10 1007.*****9.*****1.00 995.75 MarlO 1006.*****8.*****9.25 997.50 May 10 1000.*****1.*****2.75 990.00 SOYBEAN/OIL (60,000 lbs; usc/b) Close Previous High/Low Dec 09 38.30 38.56 38.61 37.85 Jan 10 38.75 39.01 39.02 38.30 Mar 10
        94 words
      • Article
        Lock icon OIL
        72 26 Oct 22 ISS/barrel (FOB origin) Close Changi Irent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) "apis blend /linas 79.00 0.6: 80.88 -0.0' 77.89 2.01 82.70 2.01 79.95 2.01 •RODUCT ISS/barrel (FOB S'pore) Close Chang' \l aphtha let Kerosene 73.55 85.35 2.31 1.9! JSS/barrel )pec Oil Basket Price
        72 words
      • Article
        Lock icon METALS
        66 26 Oct 23| GOLD (US$/oz) Oct 23 Oct 22 Hong Kong 1058.*****5.00 Oct 22 Oct 21 London 1059.*****8.00 1060.*****9.00 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.74 24.52 Source: UOB PLATINUM Lon (US$/oz) Oct 22 Close Previous PM Fix 1358.*****6.00 AM Fix 1356.*****5.00 Source: Thomson Reuters PLATINUM NYMEX
        66 words
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        Lock icon PALM OIL
        60 26 Oct 23 )elivery 4onth Opening Range Sett Price Av Price Low Vol Done Open Positioi Hh slov09 Dec 09 Jan 10 reb 10 2238 2232 2245 2231 435 2732 2230 2232 2245 2224 2088 ***** 2234 2238 2250 2227 ***** ***** 2236 2239 2253 2232 2471 8373 Total
        60 words
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        Lock icon LONDON METALS
        78 26 Oct 22 tluminium, mrity (US$/1 yy./7 "onne* Close Previous :ash 1 months 1931.00 1966.00 1930.10 unch lopper, Grade A :us$; "onne) lash J months 6567.00 6590.00 6565.75 6590.00 ■ead (US$; "onne~ :ash 1 months 2380.00 2405.00 2423.50 2450.00 Nicl 'us: /tonne; Close Previous Cash 3 months Tin (US$/tonne;
        78 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon The real Cassandra of the crisis
      929 27  -  Leon Hadar Lawyer Brooksley Born had warned that the completely unregulated and unobserved trade in derivatives could bring down the entire financial system MOST of those who follow economic news are familiar by now with the name of Nouriel Roubini, an economics professor at
      LUDWIG ILIO  -  929 words
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      Lock icon What Goldman Sachs would like you to bellieve
      913 27  -  Jonathan Weil Bloomberg REPEAT after me: Goldman Sachs is not too big to fail. Goldman Sachs is not too big to fail. Goldman Sachs is not too big to fail. Are you laughing yet? This might be funny, except that Goldman Sachs
      Bloomberg; BLOOMBERG  -  913 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Making sense of the market
        1274 28  -  Genevieve Cua Industry bigwigs weigh in on where the market's headed. INVESTMENT markets don't look too stretched at the moment, say US-based strategists, even if prices have traversed a long way since March lows. Returns in the near term, however, may not be as rosy
        AP; FILE PHOTO  -  1,274 words
      • Article
        Lock icon BROKER'S TAKE
        695 28  -  Jamie Lee Keppel Corporation HOLD Kirn Eng Securities, Oct 23 close: $8.15 A LAME duck: Keppel Corporation posted Q3 2009 net earnings of $319.6 million, which was ahead of our expectations of around $300 million. This represents a 15.7 per cent improvement over Q3 2008, but was flat
        695 words
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        Lock icon Game for a little financial know-how?
        1024 29  -  Eileen Ambrose LAT-WP More and more people are turning to online games in an effort to enhance financial literacy By ONE of the big hurdles of teaching personal finance to children and young adults is how to do so without boring or confusing them
        LAT-WP; STOCK.XCHNG  -  1,024 words
      • Article, Illustration
        Lock icon Know yourself and others around you
        1390 30  -  Teh Hooi Ling SHOW ME THE MONEY The Myers-Briggs Type Indicator is claimed to be 'the world's most widely used personality assessment' hooiling@sph.cotn.sg Senior correspondent I NOTICED a self-defeating behaviour in myself lately. It happens when I'm on the tennis court. Whenever I find
        STOCK.XCHNG  -  1,390 words
    • WEALTH REAL ESTATE
      • Article, Illustration
        Lock icon Premium for HDB resale flats soar in Q3
        628 32  -  Emilyn Yap Resale prices and volume also increase from the previous quarter SELLERS of HDB flats have regained pricing power as demand for homes shows little sign of letting up. According to the Housing and Development Board yesterday, the median cash-over-valuation (COY)
        SAMUEL HE^HE STRAITS TIMES; HDB  -  628 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      831 31 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (S$) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (S$) District 1 District 14 NON-LANDED LANDED MarinaBayResidences Apt I 01/10/2009 99 1636 3959 2420 Jlnlshak 1-Ter 02/10/2009 FH 1581 1500 949 People's ParkCplx Apt
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      59 33 ET o^<s^B^ \>/ L_m_\\\\\\\\\\\m\\m\ I J Am I If/ w JS^^ta^ jA J$9S5 I m AmiiM' eflEv A&ftjffflSFA**m*%^^3S mt Am km it Kl. AW'tx.-Jr-w mn»" Am miJt $*^*mmm**r*? WM m9—mf Ifci Am mWf'M tJ* m^m- Am F mwm m •wr&W.'imT fTfw mr/^^^^^mmmm^mm mifm m F jS^?S3 I Mil PS SS«Lw
      59 words
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  • Page 34 Miscellaneous
    • Miscellaneous
      Lock icon Page 34 Miscellaneous Column 1
      61 34 i BB^^^H^H DESIGN BUILD y Wr Aesthetics come to the fore for a league r of watchmakers who couple solid p'- movements with inimitable identity SHOPPING GADGETS DINING The home stretch L4-5 Rounding out the apple cart L7 Top chefs at Sands L10-11 DESIGN CEOS' HAWKER GUIDE MOTORING Please be
      61 words
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  • BT Living
    • WATCHES
      • Article, Illustration
        Lock icon DESIGN & BUILD
        1255 35  - DESIGN BUILD Melissa Lwee Aesthetics come to the fore for a league of watchmakers who couple solid movements with inimitable identity. By N the early days, when man graduated from telling the time with a sundial to something a little more portable, watchmaking was purely functional and craft-oriented. It was
        1,255 words
      • Article, Illustration
        Lock icon Simple with a touch of luxury
        547 35  -  Melissa Lwee LET'S face it: women love shopping, recession or not. That's why, inspired by the fact that fashion-loving women are bucking the trend with their continued spending, independent watch company Raymond Weil has come up with a new collection specifically for them Noemia.
        547 words
    • SHOPPING
      • Article, Illustration
        Lock icon Home stretch
        522 36 A look at latest happenings in the home decorating scene BoConcept #04-01/02/03 Paragon, 290 Orchard Road S 6736-0777 AFTER the economic crisis, expect to see retail trends move towards "affordable luxury", says Viggo Molhom, president and chief executive of Danish furnishing group BoConcept. Of course, this observation fits
        YEN MENG Jlll\  -  522 words
      • Article, Illustration
        Lock icon John's world
        695 36  -  Corinne Kerk John Erdos 7 A 7B Dempsey Road S6735-3307 www.johnerdos.com.sg FOR the last nine years, lohn Erdos operated his eponymous furniture gallery out of an award-winning, four-storey shophouse on Kirn Yam Road. But while that was a charming location for his contemporary teak furniture, his new showroom
        695 words
      • Article, Illustration
        Lock icon New additions
        393 36  -  Cheah Ui-Hoon Missoni Vanilla Home 390 Orchard Road #01-07 Palais Renaissance S 6838-0230 Vanilla Home first carved out a name for itself with its designer lamps and decorative lighting and has since evolved into offering a wide range of designer homeware and furnishings. Missoni Home is its latest
        393 words
    • DESIGN
      • Article, Illustration
        Lock icon Please be seated
        759 37  -  Clarissa Tan s Hiromichi. Konno's Rl|J chair for Fritz Hansen is not .just a piece of furniture. i IT's a chair it's a chair it's a chair, you think. True, it's beautifully sleek and its simplicity belies just how comfortable, smooth and sturdy it is. But still
        759 words
    • GADGETS
      • Article, Illustration
        Lock icon Rolling out the apple cart
        732 38  -  Christopher Lim New, polished offerings will inspire gadget lust FEW gadgets inspire as much irrational desire as Apple's, and the Californian company upped the ante again on Tuesday with four products that shore up parts of its line-up that weren't exactly shabby, but were in
        732 words
    • CEOS' HAWKER GUIDE
      • Article, Illustration
        Lock icon look wok's cooking
        1189 39  -  Geoffrey Eu This week's spotlight falls on hearty Teochew zi char fare. THE topic this week is Teochew zi char, which by definition restricts us to restau-rant-style cuisine in a non-restaurant setting such as a kopitiam or a hawker centre. That means traditional Teochew restaurants such as
        : ARTHUR LEE, JOSEPH NAIR AND YEN MENG JIIN  -  1,189 words
      • Article, Illustration
        Lock icon Have food, will travel
        600 39  -  Audrey Phoon Ong Kok Thai Managing director, Vanguard Interiors THERE'S something in the Penang air that makes foodies out of its folk, and Ong Kok Thai is no exception. The managing director of Vanguard Interiors, who is from the Malaysian state but now lives in Singapore,
        YEN MENG JIIN  -  600 words
    • DINING
      • Article, Illustration
        Lock icon World on a plate
        2066 40  -  Audrey Phoon Audrey Phoon Jaime Ec Jaime Ec Jaime Ec Jaime Ec Culinary heavyweights will be arriving in two waves at Marina Bay Sands with Santi Santamaria, Tetsuya Wakudaand Guy Savoy set to open in the first stage, followed later by Mario Batali, Daniel Boulud and
        2,066 words
    • BEAUTY
      • Article, Illustration
        Lock icon Saving face
        1558 41  -  Melissa Lwee Audrey Phoon No knife, no injection. BT Weekend looks at the latest non-invasive treatments some aesthetic clinics have come up with for firming up skin and keeping wrinkles at bay The Sloane Clinic 2 Orchard Turn #03-18 ION Orchard. S 6509 8108 ULTRASOUND may be more
        FILE PHOTO  -  1,558 words
      • Article
        Lock icon Best results for saggy skin
        509 41  -  Jaime Ec IF it were a truism that an aesthetic doctor is only as good as she looks, then the Sloane Clinic ought to be overflowing with eager customers. All they have to do is go in, point at Low Chai Ling and say "I
        509 words
    • TRAVEL
      • Article, Illustration
        Lock icon Phuket escapade
        792 42  -  Jaime Ec When the going gets tough, head for the fine, sandy beaches of this Thai resort. FOR a long time, the general consensus was that Thailand's tourism was suffering due to the global economic slowdown and little things like political protests, airport shutdowns and du-ty-free theft scams.
        792 words
      • Article, Illustration
        Lock icon Value-for-money Japanese cuisine
        366 42  -  Jaime Ec IF you've never thought about Bangkok as a place for lapanese food, it may be time to reel in the bias. Apparently, the city has a reputation for offering good value lapanese cuisine and it's easy to agree when you dine at Kisso in the
        366 words
    • HEALTH
      • Article, Illustration
        Lock icon Take your teeth seriously
        1096 43  -  Cheah Ui-Hoon Apart from a proper dental care regime, getting screened for a personal oral profile is a first step in preventing serious problems. By BRUSH your teeth, floss, and visit the dentist about once a year: That's the standard advice given for oral care. And
        1,096 words
    • SPORT
      • Article, Illustration
        Lock icon Wall Street seeks top jock
        374 44 Bloomberg New York THE competition in financial services will intensify tomorrow when a charity event aims to crown the best athlete on Wall Street. The Decathlon pits 30 traders, bankers and advisers in a competition designed to test their athleticism and raise at least U*****,000
        Bloomberg; AFP  -  374 words
    • GOLF
      • Article, Illustration
        Lock icon It's tee time again
        998 45  -  Justine Moss Get ready for the Barclays Singapore Open, billed as Asia's 'major' and richest national open. EADING names from the US, European, Japan, Australasian and Asian tours will make the trip to Singapore next week for arguably the biggest tournaments on the Asian golf calendar.
        AP, REUTERS, ASIAN TOUR  -  998 words
    • MOTORING
      • Article, Illustration
        Lock icon Turbo's new toys
        335 46  -  Samuel Ec THE styling of the new Porsche 911 Turbo may not have changed dramatically but under the familiar-looking sheet metal, the latest version of this iconic model boasts several significant changes. For one, it has a new turbocharged engine with a displacement of 3.8 litres, up
        335 words
      • Article, Illustration
        Lock icon Little Tokyo
        556 46  -  Samuel Ec This year's Tokyo Motor Show has shrunk by half. SADLY, the biggest news at this weekend's Tokyo Motor Show 2009 isn't about which new car is the hottest but how one of the most important auto shows has shrunk by half. The global slump and Japan's
        556 words
      • Article, Illustration
        Lock icon CLASSIC CITROËN
        857 47  -  Samuel Ec THE CITROEN LIFESTYLE SERIES Distinctive styling and revolutionary technology made these three models stand out. An exclusive 3-part series by Cycle Carriage SINCE its birth 90 years ago, the Citroen marque has gone on to affix its chevron symbol to a few cars that have attained
        857 words
      • Article, Illustration
        Lock icon AIR POWER
        786 48  -  Samuel Ec The new Turbo may be more refined but it still has a raw edge. THIRTY-FIVE years ago when the first Porsche 911 Turbo arrived on the automotive scene, the combination of a tail-heavy rear-engined sports car and its prodigious torque quickly earned it a fearsome reputation
        786 words
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      Lock icon Page 39 Advertisements Column 1
      70 39 ENERGISING ASSETS, E GROWING VALUE The trusted name in real estate for 70 years. I\ll IL I I CIIIIIX Knight Frank Shopping Centre Management provides comprehensive mall management services such as retail planning, leasing, marketing, facilities and finance management. For more information, call *****333 or visit www.kfscm.com.sg. Knight Frank's full
      70 words
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      1321 44 Wine^ Cline with BTWeekend Chatterbox free flow champagne options Moet et Sunday Ist November 2009. The Obauer a 6831-6686 Level 39, Orchard Wing Chandon or Veuve Clicquot. Oscar's offers brothers will present a menu inspired by East Meats West Meritus Mandarin Singapore over 30 wine labels, available by the glass
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