The Business Times, 8 October 2007

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 32
1 32 The Business Times
  • 22 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg mS* A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Monday, October 8,2007
    22 words
  • 711 1  -  LARRY WEE t could hit 1.44 to US$, provide inflation buffer [SINGAPORE] The Monetary Authority of Singapore (MAS) is likely to leave unchanged its current policy for modest and gradual appreciation of the tradeweighted Singapore dollar when it issues its next semi-annual monetary
    JP Morgan  -  711 words
  • 676 1  - From US$7.7b to US$16.5b in six months it's hedge fund speed CHUANG PECK MING Assets managed in Spore multiply as industry takes off in first half of 2007 [SINGAPORE] Even in the multi-digit universe of hedge funds, the numbers are nothing to sneeze at. Within just six months the first
    : Hedge Fund intelligence Artwork: Sarah Loyola  -  676 words
  • MARKETS DIGEST
    • 50 1 ST Index 3,822.62 +116.39 KLCOMP 1,372.39 +36.09 NIKKEI 225 17,065.04 +279.35 HANG SENG 27,831.52 +689.05 SET INDEX 852.33 +6.83 JAKARTA COMP 2,500.58 +141.37 MANILA COMP 3,775.91 +203.01 SEOUL COMP 1,996.03 +49.55 SHENZHENB closed MUMBAI IND 17,7773.36+482.26 DOW 14,066.01 +170.38 NASDAQ 2,780.32 +78.82 5&P 500 1,557.59 +30.84 FTSE 6,595.80 +129.00
      50 words
    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.50 INDONESIA 15.483 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.75 CANADA 6.25 SWITZERLAND 4.08 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • 44 1 US$ (S$ per US$) 1.476 £(US: i/S: per 2.035 3.004 EURO(US: i/S: i/E) 1.411 2.084 YEN 116.50 78.90 RM 3.407 2.308 HK$ 7.757 5.254 BAHT 34.24 23.19 RUPIAH 9,105 6,167 RENMINBI 7.506 5.084 INDIAN RUPEE 39.48 26.74 A$ 1.123 0.761 NZ$ 1.321 0.895
      44 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 41 1 DINING OUT ft jnggJA m Bizlt W^Sk WALL STREET LesAmis: f 7^ _!fS«3& NEC merges (T INSIGHT a triumphant 99^4*^? 8 Spore HQ operations p Looks like Goldilocks is back re-opening page 13 BL ra"3.t» zSmk page 34 ~i#k^ page 3
      41 words

  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 61 2 INDIAN companies dominate in the 2007 rankings of companies in the Asia-Pacific region picked for leadership development, taking five of the top 10 positions. Singapore companies failed to make it to this year's rankings by global human resources services firm Hewitt Associates in partnership
        61 words
      • 73 2 FRASER Neave has distanced itself from comments made by Han Cheng Fong, its former chief executive whose unexpected resignation on Friday shocked the market. A statement from the company yesterday referred to comments Dr Han gave to the media in which he spoke
        73 words
      • 73 2 810-Treat Technology's former chairman, Wing Hak Man, has denied claims that he sold his entire stake to a third party. The waste management company said last Monday that Precious Wise Group had bought 262.5 million Bio-Treat shares at 87.4 cents apiece in an
        73 words
      • 69 2 TRANSPORT technology firm Stratech Systems Ltd has said that the court case over an alleged assault involving its executive chairman, David KM Chew, should have no effect on the day-to-day running of the company's business operations. It added that Mr Chew is
        69 words
      • 56 2 ELECTRONICS manufacturing services provider Radiance Electronics said yesterday that Sino Fortune Union Investment will make a mandatory unconditional cash offer for Radiance shares since it now owns 53.81 per cent of the company. Sino Fortune is an investment holding company incorporated in the British
        56 words
      • 78 2 THOUSANDS of London's financial professionals will lose their jobs over the next year as a result of the credit crunch, with many likely to face a jobless Christmas, analysts say. There will be 6,500 fewer professionals in the City of
        78 words
      • 73 2 SHARES of pay-television operator Astro All Asia Networks pic soared on Friday on speculation that the company may soon be taken private by its owner, tycoon T Ananda Krishnan, Malaysia's Business Times reported. The share price rose by 54 sen or
        73 words
      • 58 2 A SUBVERSIVE painting by Chinese artist Yue Minjun fetched US$4 million at a Sotheby's auction in Hong Kong yesterday, anchoring a sale reflecting robust continued demand for Chinese contemporary art. Other notable results included a world record price for a massive "gunpowder" painting by
        58 words
    • 635 2  -  RONNIE LIM Investments come with green touch, improve energy efficiency [SINGAPORE] Singapore's oil giants are increasingly looking to build their own cogeneration (cogen) plants to secure electricity and steam supplies for their expansion projects. Upcoming cogen projects here include a
      635 words
    • 675 2  -  NEIL BEHRMANN With takeover shadow gone, shares can resume upward trudge BARCLAYS Bank may have failed in its bid for ABN Amro, but the defeat, ironically, could help rather than harm its shareholders that include China Development Bank and Temasek Holdings. Illustrating
      675 words
    • 522 3  -  CHUANG PECK MING 11 Singapore firms take part but none make it to Top 10 [SINGAPORE] Indian companies dominate in the 2007 rankings of companies in the Asia-Pacific region picked for leadership development, taking five of the top 10 positions. Singapore companies failed to
      522 words
    • 833 3  -  ANDREW MARKS WALL STREET INSIGHT Moderate profits and inflation data could dampen the cheerful sentiment BARELY a month ago, the credit crisis was threatening to bring about a global financial collapse, the US economy appeared headed on a sure road
      833 words
  • Page 2 Advertisements
    • 15 2 Deoßle Our r®sum® lAfXr'lr deludes Fortune WOIK 500 companies. www.thepeopleatwork.com Asia-Pacific Executive Search ■■■ragiH |illlißl|llß
      15 words
    • 132 2 sjIUBS Change of registered address of ÜBS: One Raffles Quay- 8 October 2007 We are pleased to inform you that ÜBS is expanding its presence in Singapore. From 8 October 2007, the new registered address of ÜBS and its group of companies as stated below will be at One Raffles
      132 words

  • Page 3 Advertisements
    • 149 3 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
      149 words

  • SINGAPORE MARKETS
    • 707 4  -  R SIVANITHY STOCKS LAST week's column asked when penny stocks might start to play catch-up with the Straits Times Index, stating that it would only be a matter of time before this occurred. It took a few days, but the heavy volume
      707 words
    • 495 4 -AFP CURRENCIES [HONG KONG] Asian currencies ended the week mixed against the US dollar, with the yen falling but the Australian and New Zealand dollars are up, as traders look to solid US jobs data to influence the markets this week. Japanese yen: The
      -AFP  -  495 words
    • 786 4 Payment (cts) Ex Books Pay date close date Allied Tech ASL Marine ASL Marine Ausgroup Aussino Grp Australand PG A AVJennings A Best World Intl BMT Boardroom CH Offshore CH Offshore China Fishery China Lifestyle Chosen Hldgs Chosen Hldgs CityDev CMH (Pacific) Dairy Farm# Dairy Farm Datapulse Tech
      786 words
    • 327 4 ■AFP COMMODITIES [LONDON] World oil prices fell further from historic highs amid news of rising crude reserves in the US, the biggest global energy consumer. Oil and other dollar-denominated commodities were buoyed by a weak US dollar, which makes them cheaper for buyers
      ■AFP  -  327 words
    • 1769 4 Source: Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Company name Advanced Holdini 1.50 1.50 2 4.65 11.08 0.56 0.52 AEM Holdings 2.50 2.50 2 4.20 4.41 0.23 0.18 Allco Comm REIT 1.60 1.60 5.39
      1,769 words
    • 4 4 WEEKLY
      4 words
    • 3 4
      3 words
    • 48 4 Oct5 VALUE CLOSE 932.00 +33.0 BT OB/OS BT CADI -*****.00 +110.0 BT 10-day MA -*****.00 +93.00 All-SG Equities 1049.76 +10.79 SG Equities Elect 124.39 -0.73 SG Equities Fin 2669.16 +24.98 SG Equities Prop 1646.40 +7.87 SiMSCI 470.49 +4.86 SiMSCI Future 471.80 +4.50 PrimePartnersCI 301.36 -0.70
      48 words
    • 56 4 VOLUME Memstar 3,060,742,000 El-Nets 1,229,758,000 Sinostar 840,209,000 Lian Benq 347,676,000 Yonqnam 306,727,000 Sapphire 300,758,000 Gen Intl 293,582,000 Global Voice 219,435,000 Fuxinq 213,215,000 LC Dcv 206,547,000 VALUE(S) DBSGrp 1,291,353,191 SGX 989,976,951 Sinostar 662,396,185 UOB 557,923,144 Capita Land 554,312,713 Sing Tel 489,278,248 Cosco Corp 466,355,250 Yanqzijianq 466,226,590 OCBC Bk
      56 words
    • 103 4 BY CENTS CLOSE UP 1540 250.0 19.4 SGX Otmei jaNav 3000 200.0 7.1 SIA 200 1970 110.0 5.9 SembMar DBeCW/*****5 358 110.0 44.4 Sembawam 1250 100.0 8.7 Jardine C&C 1950 100.0 5.4 S I A 1960 100.0 5.4 BukitSemW*****3 840 95.0 12.8 iBS Gri 2250 90.0 4.2 SembMar 540
      103 words
    • 106 4 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN 1600 -50.0 -3.0 Venture Con GLD 10US$ 7270 -44.3 -0.4 Deloni IHW*****8 298 -44.0 -12.9 STXPOSGAeCW*****9 104 -42.0 -28.8 STXPOKW100 293 -41.0 -12.3 STXPOMBLeCW*****5 100 -35.0 -25.9 DBS MBLePW/*****8 21 -24.0 -53.3 STI3100SGAePW*****9
      106 words
    • 85 4 Where S$ stands Oct 5 CHNG CLOSE FROcti YR 2007 S$ LOW S$ HIGH USS 1.4745 0.43 1.5479 1.4728 Euro 2.0813 0.44 2.1254 1.9913 Pounds 3.0025 0.19 3.1194 2.9323 AS 1.3145 -0.29 1.3411 1.1741 Yen* 1.2653 0.43 1.3821 1.2285 Rupiah* 0.***** 0.10 0.***** 0.***** Baht* 4.3064 0.43 4.5700 4.1730
      85 words
    • 1449 6  -  TEH HOOI LING SINGAPORE stocks chalked up their seventh week of gains last week, bringing the advance in the Straits Times Index to 22 per cent since Aug 17. During the same period, the UOB Sesdaq Index has put on 26 per cent. All
      1,449 words
    • 1543 6  -  ROBERT HALILI INSIDE MARKETS THE buying fell while the sales by directors and substantial shareholders surged last week based on filings on the exchange in the first week of October. A total of 34 companies recorded 76 purchases versus 32 firms with
      1,543 words

  • COMPANY NEWS
    • 373 5  -  SIOW LI SEN Company distances itself from outgoing CEO's remarks given to the media By FRASER Neave (F&N) has distanced itself from comments made by Han Cheng Fong, its former chief executive whose unexpected resignation on Friday shocked the market. A statement from
      373 words
    • 439 5  -  AMIT ROY CHOUDHURY By TRANSPORT technology firm Stratech Systems Ltd has said that the court case regarding an alleged assault involving its executive chairman, David KM Chew, should have no effect on the day-to-day running of the company's business operations. It added
      FILE PHOTO  -  439 words
    • 476 5  -  MICHELLE QUAH 810-TREAT Technology's former chairman Wing Hak Man has denied claims that he sold his entire stake to a third party, deepening the controversy surrounding the waste management company. Singapore-listed Bio-Treat said last Monday that Precious Wise Group had bought 262.5 million
      476 words
    • 707 8 GEORGE JOSEPH looks at what contributed to Keppel's spectacular showing at this year's SIAS Investors' Choice Awards FOR Keppel Corporation, good corporate governance and transparency practices come naturally. Commercial benefits or awards are not what motivate this Singapore conglomerate to put in place
      FILE PHOTO  -  707 words
    • 421 8  -  AMIT ROY CHOUDHURY ELECTRONICS manufacturing services provider Radiance Electronics said yesterday that Sino Fortune Union Investment will make a mandatory unconditional cash offer for Radiance shares at 14 cents apiece since it now owns 53.81 per cent of the company. Sino Fortune is an
      421 words
  • Page 5 Advertisements




  • SINGAPORE NEWS
    • 289 9  -  AMIT ROY CHOUDHURY Donation of $125 m to come from family of late banker Khoo Teck Puat THE Ministry of Health (MOH) is building a regional hospital in Yishun to better serve residents in the northern region of Singapore. Spanning over 3.4 hectares, the
      289 words
    • 333 9 Launch of cars, property, shops to reach out to specific markets USERS of the online classifieds portal ST7OI (www.st7ol.com) can now offer and browse for a wider range of products and services, with the addition of three more categories. The online marketplace run
      333 words
    • 654 12  -  CONRAD RAJ About 70 people turned up for session with Wolfgang Blass FOR the oenophiles it was a blast imbibing the story of Australia's top selling wine, Wolf Blass, from none other than its creator, Wolfgang Blass. For the 70-odd people who turned up
      PHOTOS BY YEN MENG JIIN  -  654 words
  • Page 9 Advertisements
    • 268 9 Citi Private Bank Best Global ....--^;;zfh^. Private Banlg^V"'"'/-f-s^ in Asia #--/-.../j X.v Above USD 25 million category vv\r ■innkiwiiiEn^ \"""'hh~ f 7t;: \V. -—i It is an honour to be named the private bank of -'*::s*V^;....-;:I;:-.:*.'-'--""' choice for Asia's ultra affluent. To all our clients, we thank you for the
      268 words

  • VIEWS FROM THE TOP
    • 3484 10 No room for complacency Goh Chong Theng General Manager Rabobank International Singapore Branch WELL-DEVELOPED transportation networks are vital to economic growth. Development-wise, Singapore currently enjoys a big lead over its neighbours partly because of our superior air and sea connectivity. These links facilitate the movement
      CMS  -  3,484 words
    • 206 11  -  Lan Wood Managing Director LANXESS Pte Ltd SINGAPORE'S natural strategic advantage is its geographical location and it has proven adept at leveraging this 'gift. If anything, the giant shadows of China and India have offered an even greater opportunity for Singapore's hub position, rather than posing
      206 words

  • Page 11 Advertisements
    • 413 11 For the complete list of views from CEOs, go to http://business-times.asial.com.sg Now you can read the year's best business books in just 15 minutes each! "the answer for the proseburdened executive...to what is becoming an increasingly irksome management problem: too much to read." The Wall Street Journal Soundview Executive Book
      413 words

  • Page 12 Advertisements
    • 29 12 Wi^tt WATS I c^NTOTTCFS I w A. \^J J_ J-V^J -Lj \J Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT- HND IT II Notice Of Annual General Meeting IBS
      29 words

  • DINING OUT
    • 1355 13  - Feast on fine fish and fowl fantastique! Jaime Ec Cheah Ui-Hoon RE-OPENING Les Amis #02-16 Shaw Centre. Tel: 6733-2225 ONE wonders whether, as the walls came down on the old Les Amis, its owners and management knew that, unintentionally or not, a spiritual awakening was taking place even as the
      1,355 words
  • Page 13 Advertisements
    • 8 13 I PI w^ BBSS '^T^l^ [rag QBI Iv^j^l^l
      8 words
    • 326 13 X."-"- rft W*! "rrtf 'nitty r 3-Michelin Star Chef i i-Michelin Star Chef >- jtfft'B'3 Em 2-Michelin Star Chef Michel Andre Roux (UK) A Davy Tissot (France) |mß| iX Jean-Andre Charial (France) A Star-Studded 20-Day Culinary Celebration Exclusively at Gordon Grill Hfrt- J^fc Michel Andre Roux 13-17 October T^il J
      326 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 857 14 Mind mapping is a creative memory tool for entrepreneurs as well as students, says inventor Tony Buzon. CRYSTAL NEO reports UNLESS you have that coveted photographic memory, exams can be dreadful. The scores of notes sitting at your desk can be an intimidating sight.
      857 words
    • 1041 14 CAMPUS LIFE Psychology major Bernise Ang tells CRYSTAL NEO what gets her going despite odds and obstacles BERNISE Ang knows that the road to social change is a long and tedious one. But for the 27-year-old, keeping her eye on that goal to make a difference
      1,041 words
    • 204 14 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 14 Advertisements
    • 46 14 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • ECONOMY WATCH
    • 490 15 Reuters 6,500 financial professionals likely to be laid off over the next year: report [LONDON] Thousands of London's financial professionals will lose their jobs over the next year as a result of the credit crunch, with many likely to face
      – Reuters  -  490 words
    • 167 15 -Bloomberg [WASHINGTON] Chief executives were more pessimistic over the US economy's prospects in the third quarter, according to a private survey. The Conference Board's index of CEO confidence fell to 44, a second straight decline and the lowest since the third quarter
      -Bloomberg  -  167 words
    • 412 15 -AP [WASHINGTON] The federal government registered a budget deficit of US$l6l billion for the just-completed fiscal year, the Congressional Budget Office (CBO) estimated on Friday. The 2007 deficit figure represents considerable improvement over the US$24B billion deficit posted last year. It is even smaller
      -AP  -  412 words
  • Page 15 Advertisements
    • 32 15 «i£®&M££±iyi mm m*, itkUh: 1000 Toa Payoh North News Centre Podium Level 4 Singapore *****4 -g^^n+i "^E: 6319 8114 VhACrH fe^B: cipzifeng@sph.com.sg /SJ§f_K |Ji I r^l I iS: SSW** MPediaßAoffice GOLKEH TRAVEL
      32 words
    • 466 15 If you are in any of these situations: "^^^^^^L^. You are entrusted to set up new business in Singapore, either with overseas or local partners, and don't know how and where to begin You want to focus on growing your business, you need a trusted partner to help keep watch
      466 words

  • MALAYSIA/INDONESIA
    • 484 16 TV operator says it doesn't comment on rumours propagated in the market [KUALA LUMPUR] Shares of pay-television operator Astro All Asia Networks pic soared on Friday on speculation that the company may soon be taken private by its owner, tycoon T
      : Bloomberg  -  484 words
    • 270 16 -AFP" [KUALA LUMPUR] German auto giant Volkswagen is close to forming a pact with Proton with at least an initial 20 per cent stake in the loss-making Malaysian carmaker, a report said yesterday. The Edge business weekly newspaper said Volkswagen would either take
      -AFP"  -  270 words
    • 638 16  - At Synergy, bottom line not politics takes precedence PAULINE NG MALAYSIA INSIGHT SYNERGY Drive is only a month or two away from emerging as the world's biggest oil palm plantations group. Encouragingly, it has selected a distinguished board of directors headed by former deputy prime minister Musa Hitam as its
      638 words
    • 447 16  -  LAUREL TEO By in Jakarta THERE is a growing breed of tourists landing in Indonesia from much further up north the Russians. Last year, Indonesia recorded 34,116 arrivals from Russia. It expects the figure to rise 50 per cent this year,
      AFP  -  447 words
  • GREATER CHINA
    • 423 16 Inflow of funds from China, developed markets expected to drive up counter further [HONG KONG] Two investment banks raised their target prices for market operator Hong Kong Exchanges and Clearing, indicating up to 36 per cent more upside on a stock that has
      423 words
    • 833 16 Reuters ANALYSIS But windfall is seen for makers of equipment such as wind turbines [HONG KONG] China's ambitious plan to cut pollution by using more renewable energy has cast an economic cloud over its sprawling, coal-addicted power producers, but could be a profit
      – Reuters; REUTERS  -  833 words
    • 392 16 Reuters HONG KONG] A subversive painting by Chinese artist Yue Minjun fetched US$4 million at a Sotheby's auction in Hong Kong yesterday, anchoring a sale reflecting robust continued demand for Chinese contemporary art. Other notable results included a world record price for a massive
      – Reuters; REUTERS  -  392 words
    • 312 16 [BEIJING] A strong typhoon hit the south-east Chinese coast yesterday, forcing the evacuation of more than one million people, after killing five in Taiwan as it lashed the island with heavy rain and high winds. Typhoon Krosa made landfall near
      312 words
  • Page 16 Advertisements
    • 208 16 AIA Platinum Health The Only Health Plan where you pay up to 20% Lower 3 Concierge Hassle 4 Worldwide Service ree Coverage 3 Offered by Parkway Group fc With Claims Assistance i^^^^^^^^^^^^^^^^B Healthcare B^ f L Service by Parkway /^flfi^ Contact yOUr AIA Financial g^^^JH^/j croup Healthcare MH wl^^^F^^I Services
      208 words

  • Page 17 Advertisements
    • 144 17 k^ tkt pusk to kht pu IA job? (?u^ A ne^ kowfc? afc**^ *^^nt. /A^^^^^'s iobs.st7ol.com Go to property.st7ol.cc < iT^^^^^ IL to get the right job for the real deal in real estate ,^B I i V V H^ Aoa j i I m i 1m"- j^f Bw, 1
      144 words

  • INDIA
    • 588 18 -AFP India may pip China as the global manufacturing hub within 5 years: study [NEW DELHI] "Made in India" could be the next big economic story with the country challenging China's position as the leading global manufacturing hub within five years, says a
      -AFP; AFP  -  588 words
    • 293 18 Reuters Bharti, Vodafone Essar and Idea mull over creating new entity [MUMBAI] Indian mobile services firms Bharti Airtel Ltd, Vodafone Essar Ltd and Idea Cellular Ltd may merge their tower units to form a separate company, the Business Line paper said on
      – Reuters  -  293 words
  • Page 18 Advertisements

  • FOCUS: OIL
    • 719 19 Reuters Alberta premier caught between increasing government tax and slowdown fears THE premier of Alberta, home of the largest oil reserves outside the Middle East, is facing bitter choices on how to tax the oil industry after a bombshell report he asked for
      – Reuters  -  719 words
  • Page 19 Advertisements
    • 960 19 IH Footnote: 1. Customers who trade at least 10 times per month (30 times per calendar quarter) qualify for the Power E*TRADE $9.99 commission schedule. Customers who have total assets over $50,000 also qualify for $9.99 commission schedule. Other customers are subject to the standard schedule. 2. Qualifying orders of
      960 words

  • WORLD
    • 346 20 Reuters [PARIS] The chief executive officer of EADS, Louis Gallois, stood by the company's top executives amid a share trading scandal yesterday and said that the crisis had nothing to do with the health ofthe European aerospace company's business. EADS has been
      Reuters  -  346 words
    • 222 20 [DUBAI] The government of the United Arab Emirates, struggling to contain inflation, warned businesses yesterday against increasing prices in the run-up to celebrations that mark the end of the Muslim fasting month of Ramadan. The economy ministry, which says inflation hit a 19-year high
      – . AFP  -  222 words
  • Page 20 Advertisements

  • ASIA-PACIFIC/WORLD
    • 689 21  -  ANTHONY ROWLEY Govt under strong pressure from rural voters to step up public spending THE plight of economically distressed regions in Japan is moving sharply up the scale of political priorities for recently elected prime minister Yasuo Fukuda and is threatening to
      REUTERS  -  689 words
    • 373 21 It appeared that Nova Scotia would employ different tactics to Durban 2010 and Beyond around the Cape Verde Islands, but a radical last minute course change by the crew of Nova Scotia indicated that they did not want to take the risk and decided to
      373 words
  • Page 21 Advertisements
    • 56 21 if^J^o£'-^ V- b W^^^^^^^^^MM~^~'u\ B"^BV «0 r^~ &&%3& yv J^P _^r Mp *^™^B X A i B fl *****81 fr V I I^. W^m^^MMM^kM '^W^ I B^^B b i^r irifr F' --B b Bk •^Juv I ..V, V?* f-W 1 MHMHHMHbW iA^ i^k ,^^^^i^^^^ r^^^R^^r^i^^^i^^^^^i^»^B^^^T^i^^^^^^*^^^^^*^Bl^;^^^i^^^i^^B^T!B^ j^ijßßßjl *^^J k*^ 'fl^fl^H BBBBBBBBBBBbm
      56 words

  • ASIA-PACIFIC
    • 433 22 -NYT It expects to lose up to 50 US cents a share on sub-prime fallout [NEW YORK] Since becoming chief executive of Merrill Lynch in 2002, E Stanley O'Neal has been credited with making the investment bank leaner and more disciplined. But analysts raised
      -NYT  -  433 words
  • Page 22 Advertisements
    • 2218 22 k [ventures] k1 Ventures Limited (Incorporated in the Republic of Singapore) (Company Registration No.: *****0535W) NOTICE OF ANNUAL GENERAL MEETING ALL MEMBERS ARE CORDIALLY INVITED TO ATTEND the Annual General Meeting of k1 Ventures Limited (the "Company") which will within the classes of Interested Persons described in Appendix 1, provided
      2,218 words

  • Page 23 Advertisements
    • 2776 23 NOTICES GEMS TV HOLDINGS LIMITED (Company Registration No. CR-*****6) (Incorporated In Cayman Islands with Limited Liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GEMS TV HOLDINGS LIMITED (the "Company") will be held at RELC International Hotel, 30 Orange Grove Road, Singapore *****2
      2,776 words
    • 1620 23 RADIANCE ELECTRONICS LIMITED Registration No. *****2428H (Incorporated in the Republic of Singapore) MANDATORY UNCONDITIONAL CASH OFFER BY KIM ENG CAPITAL PTE. LTD. FOR AND ON BEHALF OF SINO FORTUNE UNION INVESTMENT LIMITED FOR RADIANCE ELECTRONICS LIMITED 1 Introduction The board of directors (the "Board") of Radiance Electronics Limited (the "Company")
      1,620 words

  • AVIATION/SHIPPING
    • 652 24 -AFP Investments fuelled by huge oil-generated surpluses [DUBAI] Oil-rich Gulf countries have embarked on grandiose projects to build and expand their airports, capitalising on huge oil-gen-erated surpluses and an ideal geographic location. More than US$3B billion are being spent on brand-new airports or on
      -AFP; REUTERS  -  652 words
    • 403 24 neAssoaaTsS^ octs BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 American Express Bank 5.75 Arab Bank PLC 5 5 I Banca Di Roma Singapore ..1,1" branch a 6 5 Banco Bilbao Vizcaya ft r Argentana S.A 6 fnff.. Ba"k Bank
      neAssoaaTsS^  -  403 words
    • 209 24 -AP [LOS ANGELES] The busiest port complex in the US could see its first decline in container traffic in four years because of the housing market slump and a loss of consumer confidence that is making retailers cautious about importing goods.
      -AP  -  209 words
    • 2738 24 Transaction date: Oct. 5 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK! Credit 7.50 Stores 19.32 Steel 32.80 Conch 66.85 ....7.20 Satellite 15.48 Pacific 70.00 iankOf E Asia 44.50 ieida Jade Bird 0.67
      2,738 words
  • Page 24 Advertisements
    • 203 24 GUEST OF HONOUR Capt. Subhangshu Dutt, Chairman, Organizing Committee, Institute of Chartered Fees Start ffOfTl USD 450 Der DCTSOn Mrs Lim Hwee Hua, Shipbrokers Singapore Branch and Chief Executive Officer, PST Management Pte Ltd Minister of State for Finance and Transport Capt. S. Pullat, Consultant, Aumni Shipping Consultants F°r more
      203 words
  • Page 24 Miscellaneous
    • 439 24 CRYPTIC CROSSWORD ACROSS I How much repair is need- n |2 [3 [4 |5 [6 |7 ed? Bill can answer that bT 9 About to travel by railway or g BBjo-^^ coach again (7) 10 Some swine are stingy? BB BB BJ BB BB BB Extremely so (7) Bl Bl
      439 words

  • SINGAPORE STOCKS
    • 224 25 Allqreen 0.52 1.910 +0.030 Ascendasreit 0.84 2.590 +0.010 iComm 0.51 2.800 +0.020 Cai .and 4.91 8.400 +0.050 Cai litaMall 0.91 3.860 +0.120 Chart SemiCond 0.49 1.020 -0.010 Ci'Dev 2.84 16.500 -0.100 ComfortDelGro 1.24 1.970 +0.020 losco Coi 1.93 6.500 Creative Tech 0.14 6.150 -0.050 DBSGl 9.05
      224 words
    • 104 25 Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 1 6 0 0 0 12 1 6 Manufacturing 151 55 33 27 20 10 178 75 43 Commerce 51 18 19 12 63 27 23 >r/Cc ims 25 12 26 14 Finance 29 31
      104 words
    • 127 25 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 290,504 290,504 647,461 647,461 Manufacturing 5,209,750 1,142,184 6,351,934 4,915,055 287,217 5,202,272 Commerce 1,421,991 174,214 1,596,205 966,680 45,651 1,012, ,331 r/C( 669,482 21,466 690,948 2,022,872 19,745 2,042,617 Finance 357,667 333 358,000 3,553,935 73 3,554,008 Construction 1,489,192
      127 words
    • 8644 25 Week ended: Oct 5 52-wks Tel |h Low Code Last Sale Vol ('000) Hil Week Last Quote Div GrYld |h Low Buyer Seller C'vr Net P/E MCap $mil Hi! Com| >an] 3.5 2 5716 1st Software 22 6.5 3148 STelecom 34 17.5 5834 A-Sonic 104 98 6389 ABF
      8,644 words
    • 62 25 Hii |h Low Code Comi >an' Sale COOO] Hii Low Bu; rer Seller C'vr P/E ,mil ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170 SPDP.S 3880 2675 6235 STI ETF 100 US119cd
      62 words
    • 2173 25 Hii Low Code Comi >an' Sale COOO) Hii Low Bui rer Seller C'vr P/E iSi 30 13 1181 AAGrp 41.5 18 5000 ABRHIdgs 31 24.5 8538 APStrategic 16.5 1.5 1501 Advanced System 70.5 9.5 1524 Alantac 22.5 8 7814 Albedo 46.5 26.5 5021 Apex-Pal 13.5 6.5 1154 ArianeCorp
      2,173 words
    • 249 25 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net 2 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 cdca cum dividend cum
      249 words

  • FINANCE & COMMODITIES
    • 372 26 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct5 World Index Preliminary 1193.1 0.7 8.4 0.5 7.6 0.8 12.1 t EAFE Prel liminan 1181.0 0.6 6.6 0.4 8.2 0.7 12.1 Euro[ Preliminary 1603.0
      372 words
    • 128 26 As at 9am OctS of foreign currency: Currencies Bid Offer Aust dollar 1.3060 1.3220 Can dollar 1.4740 1.4920 Euro 2.0790 2.1020 NZ dollar 1.1090 1.1330 jterlin mnd 2.9990 3.0330 US dollar 1.4710 1.4870 Local dollars to 100 units of foreign currency: Currencies Bid Offer Chi renminbi
      128 words
    • 164 26 Oct 5 *i Offer Bid Overnight 2 1/8 1-month 2 5/16 2-months 2 3/8 3-months 2 7/16 Overnight mode: 2 1/4 US$ Offer 2 2 3/16 2 1/4 2 5/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 5.05 5.13
      164 words
    • 21 26 OctS STI SIMSCI Oct 467 473.4 471.8 Taiwan Oct 374 375.7 371.7 Source: MF Global (S) Pte. Ltd
      21 words
    • 20 26 OctS Bid Offer 1-month 1.4722 1.4736 2-months 1.4688 1.4703 3-months 1.4654 1.4669 6-months 1.4569 1.4585 Source: OCBC
      20 words
    • 278 26 Oct 5 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Nov 07 Dec 07 Jan 08 Feb 08 Mar 08 Apr/Jun 08 334.00 334.50 336.00 336.00 336.75 340.00 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      278 words
    • 469 26 Oct 5 AS CS Rmb Euro HKS Ind Rs Ri Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.888 6.682 0.631 6.906 35.144 81.057 1.037 8.162 3.033 1.176 54.069 39.843 1.314 6.139 1.047 29.022 30.478 0.437 0.890 Canada 1.126 7.526
      469 words
    • 91 26 Oct 5 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****A 03.01.08 1-Year BY*****A 29.09.08 2.09 2.13 2.08 2.08 2.09 2.09 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F
      91 words
    • 139 26 Octs GOLD (USS/oz) Oct 04 Oct OS Hong Kong London 724.50 734.30 725.50 735.30 Oct 03 Oct OS 729.70 736.60 730.20 737.40 Source: Reuters CAST BAR (S$) Oct OS Buying Sellini Kilobar ***** PAMP GOLD BARS (S$) Sellini "37,463.91" ng Buying 1gm 5gm 10gm 20gm 50gm 100gm 1
      139 words
    • 102 26 OctS SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov07 940.50 954.25 954.50 937.50 Jan 08 960.00 972.25 972.00 955.50 Mar 08 971.25 984.25 985.00 967.00 May 08 976.00 989.00 989.00 971.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct07 38.50 38.55 38.59 38.38 Dec 07
      102 words
    • 77 26 CRUDE OIL PRODUCTS oct4 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 77.31 -0.44 WTI (Near Mth) 81.48 1.58 Dubai (1-Mth F) 72.32 -0.27 Tapis blend 82.8 -0.45 Minas 80.25 -0.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 76.25 90.05 -0.80 -0.35 US$/barrel Opec Oil Basket
      77 words
    • 75 26 OctS 1 mth 5.***** 2.***** 2 mths 5.***** 2.***** 3 mths 5.***** 2.***** 6 mths 5.***** 2.***** 9 mths 5.***** 2.***** 12 mths 4.***** 2.***** SWAP Offer rates (S$) 1 mth 2.***** 2 mths 2.***** 3 mths 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** SWAP Mid
      75 words
    • 63 26 OctS KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Oct07 2708 Nov 07 2640 Dec 07 2610 Jan 08 2603 Total o/p: ***** contracts 2662 2718 2652 2601 2657 2605 2570 2631 2570 2555 2612 2560 Turnover: *****
      63 words
    • 69 26 OctS Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2379.50 2369.80 3 months 2430.00 2423.00 Copper, Grade A (US$/tonne) Cash 3 months 8269.00 8210.00 8259.00 8200.00 Lead (US$/tonne) Cash 3801.00 3 months 3690.00 3712.00 3610.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months
      69 words
    • 80 26 OctS (£/tonne) Close Prev Hii ih/Low Dec 07 949 959 Mar 08 962 970 May 08 970 978 Jul 08 978 986 965/947 973/959 980/967 988/975 COFFEE (US$/tonne) Close Pev High/Low Nov07 1914 1922 1915/1888 Jan 08 1807 1816 1815/1797 Mar 08 1787 1801 1802/1777 May 08 1797 1811
      80 words
    • 157 26 Oct 5 Against SS Currencies Bid Offer Against USS Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.3135 1.3153 0.8900 0.8905 Canadian dollar 1.4796 1.4811 1.0026 1.0028 Euro 2.0828 2.0849 1.4113 1.4116 NZ dollar 1.1167 1.1181 0.7567 0.7570 Sterlim 3.0028 3.0058 2.0347 2.0351 US
      157 words
    • 318 26 Oct 5 EURODOLLAR FUTURES DecO7 MarO8 JunO8 SepO8 95.040 95.365 95.530 95.605 0 0 0 0 ***** ***** 5241 5839 EUROYEN FUTURES DecO7 99.135 99.135 MarO8 99.095 99.105 JunO8 99.060 99.065 SepO8 98.990 99.000 DecO8 98.905 98.915 MarO9 98.825 98.835B JunO9 SepO9 99.130 99.095 99.060 98.990 98.905
      318 words
    • 4834 26 BONDS WARRANTS fel lode Comi Last Sale +orVol Conv Exer COOP) Ratio Price Prem Expiry Disc Gear- Mths ing Left 3779 ASL Marine Hldgs W*****1 111 2 12 2058 Advance Modules GrpW*****3 7 1 150 2036 Advance SCT Ltd W*****9 32 2 5166 2835 Allgreen RBeCW*****6 10 1 785 ArianeCorp
      4,834 words

  • Page 27 Advertisements
    • 2790 27 The Business Times Shipping Times B^lß B_Li' h tjjflul fVmirfl nfeMwwjjjnßULß B hB l^>^i TiH UK CONTINENT SERVICE U.S.A SERVICE ffi^fflTOff'^ffWl Destination Destination HH| STXPOTBN RTM/ANR/TIL MARY G CDN/NFK/SAV/NOL I.NTERAS.A RORO SERVICE 1 VESSEL/VOY I RAIWIKT) HEIGHT(M) PKG KCH L(B I SIN I JKT Loads Singapore, E./W. Malaysia, Indonesia Loads
      2,790 words

  • Page 28 Advertisements
    • 3914 28 WAN HAI INTERNATIONAL PTE LTD crNO: **********0/R I yt 17 A CTFDM TA D f IM1?D XT* /*H& Q^l Cf* TiCA %TT^\ TEL *****588 (14LINES) FAX:*****163 I\mr JLA.3IILK.rN LAX LJINIIIY, LIU fill! Si l*T J K^-T//»A V\\MNWAN HAI INF\ Qlstomcr Se™»/Boal™gs Meet Uie (1800} *****200 \j fc VH^IVVMM nAI LINO
      3,914 words

  • Page 29 Advertisements
    • 4767 29 fWI 19 SI E3l Nordana (Asia) Pte Ltd iSIISr If& GLORY NAVIGATION GROUpI X '<■■>■' B E3 BgL E3 LJ B^BSI 70 Shenton Way, #21-03 Marina House Singapore *****8 W>nk:%LikJ&J Js-%fK<&-is\ jf^^jl^KMSnilWMmmsmm-.wm NORT H WEST EXPRESS LINE MIKAIFAIIBAIMIK owns operates Iheloungest fleet |HHfg«|pHpHpHH|apiHIipBHIIBHpPPHHMaMM>IiH^MMi>IMP>aPBPMHa|I MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS
      4,767 words

  • BizIT FOCUS
    • 1030 30 Towards greater environmental protection The increasing use of IT in every facet of our lives is giving rise to serious environmental issues, writes AMIT ROY CHOUDHURY THE Information Technology revolution has, in less than a decade, dramatically changed the way companies do business. However, this
      FILE PHOTO  -  1,030 words
    • 469 30  -  ONG BOON KIAT THERE are two sides to slashing electricity bills in data centres. The first is reducing electricity consumed by data centre equipment. The second is to do the same for systems that cool those equipment. Unfortunately, the inexorable increase in computing requirements for
      469 words
  • Page 30 Advertisements
    • 250 30 j 'W/010/000/A Fujitsu's range of ETERNUS disk array storage system (SAN) offers ft :&&&&&wMI \m> y°u tne ultimate in scalability and business continuity, providing a :''V^7 ''$^$&sosfMßk B. solution for every need -beit a novice SAN user, SMEs or large a -I organizations. Besides offering one of the world's largest
      250 words
    • 16 30 This series is brought to you by FUJITSU ASIA PTE LTD FUJITSU THE POSSIBILITIES ARE INFINITE
      16 words

  • BizIT
    • 799 31  -  AMIT ROY CHOUDHURY Research agency says legacy systems major hurdle for wider adoption By RECENT survey shows that open source software is increasingly being preferred by many companies in the region because it is perceived to be more secure than proprietary
      IDC Exclusive Software Adoption Survey, 2007  -  799 words
    • 629 31  -  ONG BOON KIAT SERVER virtualisation, an esoteric technology that was once familiar only to mainframe system managers, could be on the cusp of übiquity. The tripling in the value of VMware's initial public offering (IPO) in the New York Stock Exchange is one telling
      629 words
    • 192 31 VIRTUALISATION is a technology that lets users create concurrently running, multiple copies of the operating environment in the same computer. For instance, a computer can have Windows, Linux and Mac operating systems running at the same time. Inside each environment, known as "virtual machine" or
      192 words
    • <what's up>
      • 75 31 FEFECOM leader Singapore Felecommunications and GRID Communications have released a nobile communications solution that ;he companies say is a world first. Jsing just one mobile handset and ane specialised SIM card, a user of ;his offering is able to access two letworks and three
        75 words
      • 130 31 THREE government organisations have come together in a move to improve the quality of healthcare in Singapore. The Ministry of Health the Infocomm Development Authority of Singapore (IDA) and The Enterprise Challenge (TEC) under the Prime Minister's Office have launched a joint Healthcare
        130 words
      • 102 31 STARHUB has started trials for "Coufon", its new online advertising service. The service lets mobile subscribers download discount coupons and use them at selected merchants. Over 80,000 discount coupons from nine retail merchants including Courts, Maybelline, Ambrosia Cafe and Central Restaurant are now available for
        102 words
      • 90 31 HEWLETT-PACKARD (HP) has released a new portfolio of services under its Data Center Transformation solutions umbrella. It includes HP Data Center Lifecycle Services (HP DCLS), a range of modular, standards- and process-based services and solutions that leverage on HP Services. DCLS provides tools for
        90 words
      • 64 31  -  ONG BOON KIAT BUSINESS Intelligence solutions and services vendor SAS has a new sales director for its Singapore operations (commercial), Stanley Chia. Formerly of Hyperion, SAP and IBM, Mr Chia joins SAS as the company goes into its 25th year of operations in Singapore.
        64 words
    • 769 32 New entity NEC Asia will oversee and implement Asia-Pac business aims of Japanese IT giant and generate new synergies, writes AMIT ROY CHOUDHURY IN a major reshuffle of its Asia Pacific operations, Japanese IT major NEC Corporation has integrated two Singa-pore-headquartered regional subsidiaries
      769 words
    • <what's new>
      • 79 32 SAMSUNG Electronics' first LCD monitor to use Light Emitting Diode (LED) technology for backlighting headlines the Korean company's latest range of new flat panel LCD monitor offerings. The SyncMaster XL2O LED Backlight Unit (BLU) monitor, a 20-inch display that offers a wider-than-conventional colour range, is
        79 words
      • 105 32 BAMBOO Fun is a new pen-based digital input tablet from WACOM targeted at mainstream users. With support for Windows Vista, the tablet is compatible with the intelligent handwriting recognition features found in Vista and Mac OS. The painting application Corel Painter Essentials 3 is included with
        105 words
      • 99 32 WITH its sleek brushed stainless steel looks and a sliding keypad, the new Nokia 6500 slide 3G phone makes a sharp fashion statement. It also packs robust multimedia and connectivity features. Offered at a retail price of $688 (without operator plan), the phone features a 2.2-inch
        99 words
      • 103 32  -  ONG BOON KIAT AIMED at professionals and business users with heavy connectivity needs, the ASUS Ms3ow is a smart phone that supports push e-mail and can receive e-mail messages from the user's Office Outlook mail server. With its support for a variety of mail server systems,
        103 words
    • 136 32 -AFP [GENEVA]Telecoms and computer executives, legal officials and UN agencies on Friday warned that the world needs to take a global approach to tackling cybercrime and security issues on the Internet. International Telecommunications Union chief Hamadoun Toure said individual national or regional approaches to tackle
      -AFP  -  136 words
    • 492 32 Bloomberg [NEW YORK] One of every 10 iPhones may have been unlocked to run on unauthorised wireless networks, forcing Apple Inc to quash those efforts to avoid losing lucrative service fees for the handsets, according to Piper Jaffray Co. Overseas demand is
      – Bloomberg  -  492 words
  • Page 31 Advertisements
    • 213 31 1 portsdown Road Launched in February 2003, the Fusionopolis cluster at one-north /^/v' f is a meeting place for business, science and the arts. A unique /^\/y/Jy I location where private developers can now explore, Fusionopolis //~1 ///^&lt; Pnase 2B wi" entail more Dusiness Park and R&D space. Be the
      213 words

  • Page 32 Advertisements
    • 170 32 CISCO. Help your business work smarter, not harder. Discover inspiring new ways to make it happen at the Cisco ExpressNetwork on Wheels (NoW) roadshow in October 2007. Each day, you face constant battles against cost Visit the event and see what it means to be a containment, customer responsiveness and
      170 words
    • 13 32 A member of MCS Circulation Audit. Customer Service (Circulation): 6388-3838, circs@sph.com.sq, Fax 6746-1925.
      13 words
  • Page 32 Miscellaneous