The Business Times, 18 November 2009

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Total Pages: 33
1 33 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, November 18,2009
    23 words
  • 600 1 ByVEN SREENIVASAN [SINGAPORE] If it doesn't work the first time around, try again. That, plus the fact that the operating environment is improving, has prompted Changi Airport Group (CAG) to invite tenders for a third ground-handling specialist. This comes less
    600 words
  • 676 1  -  TEH SHI NING Business prospects turn positive with 33-point jump; Q4 growth may hit 5%, BT-UniSIM survey shows By [SINGAPORE] With optimism finally surfacing among businesses here after six quarters of gloom, the latest BT-UniSIM Business Climate Survey now predicts that
    BT-UniSIM Business Climate Survey  -  676 words
  • MARKETS DIGEST
    • 85 1 IS$ (S$ per US$) 1.384 (USS/SS per 1.685 2.332 ;URO (US$/S$/E) 1.496 2.070 Foreign currency per US$ S$ 'EN 88.90 64.20 3.358 2.426 IK$ 7.750 5.600 !AHT 33.19 23.98 lUPIAH 9,389 6,784 lENMINBI 6.827 4.932 INDIAN RUPEE 46.18 33.36 1.073 0.775 1COMP 1,279.95 +1.64 IIKKEI225 9,729.93 -61.25 IANG SENG
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    • 29 1 SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.758 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 11.75 Source: Bloomberg
      Bloomberg  -  29 words
  • Page 1 Advertisements
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    • 167 1 €B€L THE ARCHITECTS OF TIME 1911 TEKTON Ebel Calibre 139 Automatic Chronograph with unique functions display, multi-level skeleton dial, hand-stitched alligator strap. THE ULTIMATE IN ENGINEERED DESIGN The most daring, conceptual and cutting-edge manfe line in the entire Ebel collection. Highly engineered watches of sophisticated function, powered exclusively by COSC-certified
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  • Page 1 Miscellaneous
    • 84 1 EXECUTIVE MONEY OPINION EXPORTS L-^ j HOCK LOCK SIEW Helping the wealthy Why Japan is rethinking Momentum stalls as Investors should be watchful %ff (> to help others its alliance with America Oct NODX plunges P^^^i|| for bubble trouble M PAGE 34 PAGE 24 PAGE 3 nferalßSß PAGE 4 TransportHUß
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 81 2 WITH optimism finally surfacing among businesses here after six quarters of gloom, the latest BT-UniSIM Business Climate Survey now predicts that Singapore's economy will grow by up to 5 per cent in the present quarter. Business prospects improved greatly, leaping 33 percentage points from last
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      • 51 2 THE improving operating environment has prompted Changi Airport Group to invite tenders for a third ground-handling specialist. This comes less than a year after European giant Swissport closed shop after bleeding some $50 million in red ink during a two-year stint here. FRONT
        51 words
      • 52 2 THE government is releasing a new site to develop a power station in Lorong Halus, Tampines the first in the eastern part of Singapore. It also plans to develop an electricity futures market here, Energy Market Authority CEO Lawrence Wong disclosed yesterday. TOP STORIES,
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      • 52 2 AFTER two months of upward momentum up 1.2 per cent in August and 2.9 per cent in September Singapore's domestic exports minus oil stumbled in October and fell sharply. The seasonally-adjusted 12.6 per cent month-on-month drop was the biggest since December 2002. TOP STORIES,
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      • 44 2 LOGISTICS group CWT Limited is channelling up to $100 million towards developing a new integrated logistics hub at Tanjong Penjuru. The five-storey ramp-up logistics facility is scheduled for completion by the second quarter of 2011. COMPANY NEWS, PAGE 4
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      • 66 2 CAPITALAND will raise up to $2.8 billion from selling 30 per cent of its retail arm Capita Malls Asia, which has a portfolio of 86 malls in Singapore, China, Malaysia, Japan and India. The property group said it will sell up to 1.165
        66 words
      • 83 2 THE chairman of the US Federal Reserve, Ben Bernanke, warned on Monday that high unemployment and a continued reluctance by banks to make loans were likely to slow the economic recovery for the next year. He also tried to reassure global investors about the recent
        83 words
      • 41 2 OFFICIALS managing the multibillion dollar bailout of insurance giant American International Group bungled the first rescue and may have overpaid other banks to wind down AlG's business relationships, a government watchdog says. ASIA-PACIFIC/WORLD, PAGE 17
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    • 562 2  -  RONNIE LIM Govt releasing land for power station at Lorong Halus in strategic move By [SINGAPORE] The government is releasing a new land site to develop a power station in Lorong Halus, Tampines the first in the eastern part of Singapore.
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    • 548 2  -  LEE U-WEN Crucial not to force them to learn; pace lessons comfortably By [SINGAPORE] THE key to getting children to learn Mandarin effectively is to make them as interested in the language as possible, said Minister Mentor Lee Kuan Yew. Singapore's education system faces
      HO PENG YEW/LIANHE ZAOBAO  -  548 words
    • 804 2 Winning bidders looking ahead at rentals upon lease renewal [SINGAPORE] Even as the Housing Development Board yesterday awarded Clementi Mall to a Singapore Press Holdings-led consortium, members of SPH's top management sought to explain the rationale for the bid price, which stockbroking analysts and
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    • 545 3  -  CHUANG PECK MING Seasonally-adjusted 12.6% drop over Sept biggest since Dec 2002 By [SINGAPORE] It's no wonder that Singapore's economic planners are unsure of the economic recovery and wary of pulling back the stimulus measures. After two months of upward momentum up 1.2 per
      : IE Singapore  -  545 words
    • 370 3  -  TEH SHI NING By [SINGAPORE] Despite the plunge in global consumption demand over the past year, a quarter of firms here expect sales this year to exceed sales in 2008. But a good two-thirds of firms still see their yearly sales
      ST FILE PHOTO  -  370 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 51 3 Work and play. .SAMSUNG SMS "SFC" to *****^ TVNCIub to enjoy free daily wvmi.munimobiie.conL.g downloads for 30 days SAMSUNG I InII f ll Re9'ster y°ur product and be a part of Samsung Touch ii Xl 11L* Itr |UU OI I www.samsungtouch.sg where a world of privileges is now at hand
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  • COMPANY NEWS
    • 547 4  -  CHEW XIANG Both set out their respective positions ahead of Monday's EGM By THE managers of MacArthurCook Industrial Reit (MI-Reit) and Cambridge Industrial Trust (CIT) its single largest shareholder have taken a very public battle for control of MI-Reit to the newspapers.
      547 words
    • 231 4  -  NISHA RAMCHANDANI By LOGISTICS group CWT Limited is channelling up to $100 million towards developing an integrated logistics hub at Tanjong Penjuru. The five-storey ramp-up logistics facility scheduled for completion by the second quarter of 2011 is close to Jurong
      231 words
    • 880 4  -  R SIVANITHY OF LATE, the word "bubble" has crept into financial market commentaries with increasing frequency. While not unusual by itself after all, if asset markets shoot up rapidly in a short space of time, it's natural to expect that observers start to
      880 words
    • 526 5  -  UMA SHANKARI Conservative pricing aimed at ensuring it trades well after market debut By CAPITALAND will raise up to $2.8 billion from selling 34.5 per cent of its retail arm Capita Malls Asia (CMA), which has a portfolio of 86 malls in
      526 words
    • COMPANY BRIEFS
      • 71 5 ST ENGINEERING said that its electronics arm, ST Electronics, has been awarded a contract worth about $44 million by the Singapore Police Force to provide a 3rd Generation Command and Control System. Work will begin this month and is expected to be completed
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      • 97 5 OCEANUS Group, the China breeder of abalone, said yesterday that it has received approval from the Taiwan Stock Exchange and the Taiwan Central Bank to list Taiwan Depository Receipts (TDR) of up to 200 million Oceanus shares. A TDR is a Taiwan-registered certificate that
        97 words
      • 98 5 ULTRO Technologies said the Singapore High Court yesterday granted the order to place Ranoda Electronics Pte Ltd under judicial management. Ranoda, acquired by Ultro in 1994, is a wholly owned subsidiary of Ultro. It also supports most of Ultro's manufacturing activities. Founded as a custom
        98 words
    • 730 5  -  FELDA CHAY By VIETNAM-BASED real estate firm Vincom Joint Stock Company said yesterday that it has raised US$lOO million through a convertible bond (CB) issue and listing on Singapore Exchange (SGX). The company, the fifth largest on the Ho Chi Minh City Stock Exchange,
      ARTHUR LEE  -  730 words
    • 408 5 Reuters HYFLUX Ltd wiU partner Japan Bank for International Cooperation (JBIC) to target water treatment projects worth over $1 billion in China and elsewhere. Hyflux, the builder of the largest membranebased desalination plant in China, has failed to seal a new contract
      – Reuters  -  408 words
    • 450 5  -  VINCENT WEE By SINWA Limited executive chairman and chief executive officer Mike Sim is selling a 26.38 per cent strategic stake in the marine supply company to China's Sinohit Offshore Engineering (Liao Ning) Co Ltd for between $22 miUion and
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    • 333 6  -  JAMIE LEE Directors unaware of nature of investigation but firm will keep shareholders updated By THE police's white collar crime division is seeking information from China-based Bright World Precision Machinery relating to an investigation. In a regulatory filing yesterday, the maker of stamping ma- chines
      333 words
    • 379 6  -  CONRAD TAN By TEMASEK Holdings is raising US$5OO million by selling 30-year US dollar bonds to institutional investors worldwide its second large bond issue in a month. The bonds will pay fixed interest of 5.375 per cent a year until they mature in 2039.
      379 words
    • 507 6  -  CHEW XIANG By CHEAP money from developed countries is fuelling asset price inflation in Asian economies, JP Morgan's chief market strategist Jan Loeys said yesterday. "There is indiscriminate selling of cash and buying of assets," he said. The low return on cash
      507 words
    • 514 6  -  FELDA CHAY By HOMEGROWN dental healthcare company Q&M Dental Group has launched its initial public offering for a Singapore Exchange mainboard listing. The company is raising gross proceeds of about $20 million from its offer of 74 million new shares at 27
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  • Page 4 Advertisements
    • 595 4 Cambridge Industrial Trust ("CIT") holds nearly 10% of MI-REIT units at a price of up to 550.40 each. It is the largest unitholder in MI-REIT. Cambridge Industrial Trust Management Limited ("CITM"), the manager of CIT, assesses the value of each MI-REIT unit at 1.1 CIT units, or approximately 550.479 at
      595 words

  • Page 5 Advertisements
    • 139 5 We're putting a lot more than petrol into a car. At ExxonMobil, our scientists and engineers are working on more than the petrol that goes into your tank. We're also supplying innovation. We're collaborating with carmakers and other partners on an array of new technologies to improve efficiency while reducing
      139 words

  • Page 6 Advertisements
    • 94 6 MjfXy/ X FORTHE FIRST I B J[[ vy tr" x time at: (j m* marina bay (r ---J S I c c m r* I LLoLNU JT^hvA C II Friday, 20 November 2009 spm The Float Marina Bay direction for runners II Guest-of-Honour:Dr Vivian Balakrishnan, Minister for Community Development. Youth
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  • Page 7 Advertisements
    • 215 7 FOR CELINA MURGA, IT WAS THE ULTIMATE MOVIE MASTERCLASS. A YEAR IN CLOSE-UP WITH MARTIN SCORSESE. For a young film-maker from MEmSwpS^G^ Buenos Aires- jt seemed like a ARTs^NmmvE fantasy _tQ be ta|<en under the wing of a movie-directing legend. For Celina Murga, the fantasy became reality when she was
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  • SINGAPORE MARKETS
    • 815 8  -  OH BOON PING CURRENCIES Australian dollar also falls on RBA's lower-than-expected rate hike THE US dollar tumbled against Asian currencies yesterday after Federal Reserve chairman Ben Bernanke said on Monday that US interest rates will stay near zero for "an extended period".
      815 words
    • 102 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 3 10 4 0 0 0 3 10 4 Manufacturing 30 80 68 14 39 86 82 Commerce 27 30 32 33 )t/Stor/Comms 10 23 11 25 Finance 11 14 11 14 Construction
      102 words
    • 119 8 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 27.311 27.311 61.441 61.441 Manufacturing 295.241 12.866 308.107 230.665 920 231.586 Commerce 139.830 20.630 160.460 122.019 5.240 127.258 Tpt/Stor/Comms 93.568 3.554 97.122 138.274 769 139.043 Finance 34.592 34.592 294.740 294.740 Construction 32.042 3.189 35.231 10.929
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    • 114 8 Stock name Close Cham Caj litaLand 4.130 -0.100 Caj litaMall 1.680 -0.020 10.360 -0.040 ComfortDelGro 1.530 -0.020 Iosco Con 1.130 -0.020 iBS Gr| 14.700 +0.140 F&N 3.950 +0.010 Gentini SP 1.110 -0.020 Golden At iri 0.455 HKLand 4.810 -0.070 JMH 29.980 -0.720 JSH 17.340 -0.040 Jardine
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    • 225 8  -  JOYCE HOOI Singapore Property Developers DBS GROUP RESEARCH, Nov 17 WE UPGRADED our calls on SC Global (TP: $1.69), Ho Bee (TP: $1.64) and Wheelock (TP: $1.98), developers in the high-end segment of the market. Our positive view on the high-end segment is driven by: visibility of a
      225 words
    • 579 8  -  R SIVANITHY STOCKS NOT surprisingly, the play over the past two days has turned out to be "buy in anticipation, sell on news" buying of the Straits Times Index on Monday that sent it up 56 points in anticipation of Wall Street
      579 words
    • 81 8 iere stands USS Nov 17 %CHNG CLOSE FRNOV16 YR2009 S$ LOW S$ HIGH 1.3836 0.18 1.5579 1.3836® Euro 2.0712 0.25 2.0952 1.9150 Pounds 2.3327 -0.72 2.4366 2.0356 AS 1.2912 0.23 1.2942 0.9453 Yen* 1.5574 -0.48 1.7278 1.4831 Rill liah* 0.***** -0.51 0.***** 0.***** Baht* 4.1725 0.06 4.3390 4.1040 Peso*
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    • 65 8 Nov 17 VALUE CLOSE BT OB/OS 200.00 +45.00 BT CADI -*****.00-182.00 BT 10-day MA -*****.00 +20.00 FTSE ST Mid Cap 638.02 -3.47 FTSE ST Small Cap 518.84 -7.45 FTSE ST All Share 677.25 -4.74 FTSE ST China Top 266.24 -1.66 FTSE ST China 290.37 -3.54 FTSE ST
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    • 64 8 VOLUME Gentini SP 48,069,000 Yam |zijian< 37,842,000 Golden 11 35,165,000 Thai Beverai 23,886,000 LifeBrandz 23,530,000 AsiaTii 23,284,000 AusGrou 21,815,000 ti .Mai ileT 21,814,000 Ban Joo 20,748,000 China Milk 20,247,000 VALUE($) DBS Gr| 143,257,150 India Ni 10 69,210,590 UOB 62,464,040 Wilmar 54,129,180 Gentini SP 53,886,330 Noble Gri 52,097,63!
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    • 110 8 BY CENTS CLOSE UP 2806 52.6 1.4 DBXT MSAsExJi 10US! GLD 10US ***** 37.3 0.2 DBXT FTChina25 10US$ 3282 31.8 0.7 DBXT MSTaiwan 10US! 1586 26.3 1.2 STXPO 100 1444 22.0 1.5 DBS.ES.0911 1458 18.0 1.3 UOB RBeCW/*****9 50 15.5 44.9 DBS Gri 1470 14.0 1.0 SIA 200 1414
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    • 121 8 BY CENTS CLOSE DOWN JMH 2998 -99.6 -2.3 DBXT FTVietnam 10US$ 5302 -71.9 -1.0 DBXT Ni 10US$ ***** -55.3 -0.. DBXT S&P Short 10US$ 5496 -47.0 -0.6 UOB 1966 -28.0 -1.4 MS India 10US$ 1483 -20.8 -1.i Venture Co 874 -17.0 -1.9 Jardine C&C 2462 -16.0 -0.6 Caj i
      121 words
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  • SINGAPORE NEWS
    • 406 10  -  JOYCE HOOI Siemens' solutions hub testament to Spores ability to be home for innovation By SENIOR Minister Goh Chok Tong reiterated yesterday the importance of the three-pronged "host to home" strategy in adapting to the demands of a postcrisis world. "While Singapore
      406 words
    • 334 10 LOCAL companies that have invested time and effort in branding were rewarded for their efforts at the Singapore Prestige Brand Award (SPBA) yesterday. The award, jointly organised by the Association of Small and Medium Enterprises (Asme) and Chinese newspaper Lianhe Zaobao, recognised 48
      334 words
    • 374 10  -  TEH SHI NING Slowdown in fall in rents in Q3 attributed to confidence in economic recovery By OFFICE space in Singapore was the third most expensive in the region in the third quarter, as the fall in rents slowed significantly, a Colliers International
      374 words
    • 408 10  -  JOYCE HOOI By THE drive towards standardisation gained more ground yesterday, with new environmental standards on energy efficiency and indoor air quality that will help us breathe easier. Completion of the two standards the Singapore Standard on Mechanical Ventilation and Air-Condi-tioning in Buildings (SS
      408 words
    • 527 10  -  RONNIE LIM By SINGAPORE is discussing with several international players which are keen to trade liquefied natural gas on a spot basis, once the $1-1.5 billion first-phase of the LNG terminal on Jurong Island starts operations in 2013. Disclosing this at
      527 words
  • Page 10 Advertisements
    • 200 10 Golden Dragon Hotel Sky Fortune Boutique Hotel The Charterhouse Causeway Bay Hotel Howard Johnson Huaihai Hotel I ftsxstlf- IJI I Near to Rsherman's Wharf, Sands, Macau Culture Centre, 5 I lAn avant-garde concept hotel situated in the Hongqiao I Situated at the edge of Causeway Day in Hong Kong Island,
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  • ECONOMY WATCH
    • 595 11 -NYT Growth may be hampered by high jobless rate, banks' reluctance to lend [WASHINGTON] The chairman of the US Federal Reserve, Ben Bernanke, warned on Monday that high unemployment and a continued reluctance by banks to make loans were likely to slow the
      -NYT  -  595 words
    • 439 11 Bloomberg [SYDNEY] Australia's central bank says the pace of in-terest-rate increases is an "open question" as it balances the risk of keeping borrowing costs too low against an economy that may cool as government stimulus abates. "In considering the pace of
      Bloomberg  -  439 words
    • 406 11 Reuters [SINGAPORE] The International Energy Agency has (lEA) not seen much recovery in actual oil demand in OECD countries and the pace of global recovery may not justify Opec raising output at its next meeting, the agency's executive director said yesterday. Nobuo Tanaka
      Reuters; AP  -  406 words
  • Page 11 Advertisements
    • 604 11 2-For-5 Rights Issue at 550.13 oters r^Discoun, AY to the last traded price prior to Rights Issue announcement Global wrtiw iwft##%i 47.8% Discount narmonyinmotion tothe on e-month VWAP< 2> prior to Rights Issue announcement Over 150 airport logistics projects in more than 40 countries across 6 continents WW. L^ Ui
      604 words

  • MALAYSIA/INDONESIA
    • 508 12  -  PAULINE NG RM62Bm project in KLwith Imsqft of space targets MICE market By in Kuala Lumpur MALAYSIA is planning to build a one million sq ft exhibition and convention centre in Kuala Lumpur to cater to large space exhibitors in a bid to differentiate itself
      508 words
    • 442 12 Reuters [SINGAPORE] A private equity firm owned by South Africa's Standard Bank and Malaysia's CIMB hopes to double assets to over US$l billion by early 2011 by launching a new South-east Asia fund and growing its existing Islamic fund, its CEO said yesterday.
      Reuters  -  442 words
    • 319 12 -Reuters It calls for new commission to take the lead [JAKARTA] Indonesia's legal institutions, including the police and prosecutors office, must make sweeping reforms including changes to key personnel, a team of experts appointed by President Susilo Bambang Yudhoyono said yesterday. Dr Yudhoyono, who was
      -Reuters  -  319 words
    • 162 12 Reuters [JAKARTA] Malaysia's Sime Darby plans to invest in palm oil processing after acquiring plantations in Indonesia, the industry minister said yesterday, in a move that could boost Indonesia's exports of palm by-products. More than half of palm oil exports from
      – Reuters  -  162 words
  • Page 12 Advertisements
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  • GREATER CHINA
    • 585 13 Reuters Staying silent on the currency issue, Hu stresses need to avoid protectionism [BEIJING] US President Barack Obama urged a reluctant China yesterday to allow its currency to rise in value at a summit where strains over trade between the two giants crept
      – Reuters  -  585 words
    • 298 13 Reuters [BEIJING] China has caUed for wealthier nations to eliminate agricultural subsidies and give greater market access to developing countries, the Xinhua news agency reported, citing officials at a global summit on food security. Agriculture is one of the biggest sticking points
      Reuters  -  298 words
    • 207 13 Reuters [BEIJING] China has ratcheted up pressure for imperial treasures to be repatriated, condemning overseas auctions of its relics and demanding they come home. China is particularly eager to get back a series of bronze animal heads looted in 1860 by British
      – Reuters  -  207 words
    • 217 13 Bloomberg [BEIJING] China's land ministry is imposing limits on how much land can be used for residential development, government offices and some industrial projects to support economic policy and curb overcapacity. Housing projects in small cities will be limited to no more than
      Bloomberg; REUTERS  -  217 words
  • Page 13 Advertisements
    • 273 13 Trading on the SGX-ST /v r^T S\V 'S cx P ectec' to y^i commence at 9 a.m. ifQ&M v ft vH^ySk^ I Q M Dental Group (Singapore) Limited V tt >i (Incorporated in the Republic of Singapore on 7 January 2008) H AH VftlVtAw*®1 (Unique Entity Number *****0507R) W^^fc C£>^HK
      273 words

  • Page 14 Advertisements
    • 385 14 I /jjs^x I db M/^TaV McCoy Holdings Pte Ltd's HEGISTSKEDCOIVieANV I MANAGEMENT V^V I Grand Opening and Celebrations for attaining ISO 9001 /wfi*3P The Power of Little Things I We are pleased to announce the official grand opening of McCoy Holdings Pte Ltd new group's headquarters office on 18th November
      385 words

  • INDIA
    • 527 15 Bloomberg Drought across half the sub-continent has destroyed crops; it may become net rice importer [NEW DELHI] India, the second most populous nation, is in talks with Thailand and Vietnam to secure rice supplies after a drought in half the country destroyed
      – Bloomberg; REUTERS  -  527 words
    • 402 15 Reuters It is still deciding on bidding for WiMax spectrum [HONG KONG] Bharti Airtel, India's top mobile carrier, said that it is confident that India will proceed on schedule with 3G spectrum auctions in January, and has high hopes for the technology in the
      – Reuters  -  402 words
    • 274 15 -AFP [MUMBAI] Indian energy giant Reliance Industries will launch an "aggressive" oil and gas exploration campaign over the next three years, its chairman Mukesh Ambani told shareholders yesterday. "We have planned an aggressive exploration campaign (for the oil sector) in the next
      -AFP  -  274 words
  • Page 15 Advertisements
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      88 words

  • ASIA PACIFIC
    • 636 16 -AFP Parliament set for vote this month; officials voice fear over hazardous waste [HANOI] Vietnam is expected to take a key step towards meeting its burgeoning appetite for electricity by paving the way for its first nuclear power plant, but debate is still raging
      -AFP  -  636 words
  • Page 16 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 402 17 -AP NY Fed officials paid AIG partners face value for securities though they may have settled for less [WASHINGTON] Officials managing the multibillion dollar bailout of insurance giant American International Group bungled the first rescue and may have overpaid other banks
      -AP  -  402 words
    • 346 17 Reuters [NEW YORK] Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its US brokerage business a year ago, court documents show. Lehman filed
      Reuters; REUTERS  -  346 words
    • 274 17 Reuters [PARIS] The fiscal situation in some European countries is so bad there is a danger markets will lose faith in them, European Central Bank (ECB) president Jean-Claude Trichet warned in an interview yesterday. "Some countries are in a relatively favourable position because their
      – Reuters  -  274 words
    • 339 17 Bloomberg LATEST US DATA [WASHINGTON] US industrial production rose less than forecast in October, restrained by a reduction in auto manufacturing as the effects of trade-in incentives dissipated and a decline in demand for business equipment. An earlier report from the Labor Department showed prices paid
      – Bloomberg  -  339 words
    • 422 17 -AFP Spore among five countries least afflicted by graft [BERLIN] Corruption watchdog Transparency International (TI) hit out at rich countries over shady banking practices yesterday as it published its annual rankings naming and shaming the world's most corrupt countries. "Corrupt money must not
      -AFP  -  422 words
    • 695 17 Reuters It will keep new bond issuance below 44t yen [TOKYO] Japan's government said that it plans an extra stimulus budget but cabinet ministers gave few clues to its size as they weigh increasing alarm among investors worried about a blow-out in bond issuance with
      – Reuters  -  695 words
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  • Page 18 Advertisements
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  • WORLD
    • 793 19 -AP Number is highest in 14 years; analysts cite jobless rate, rising food prices [WASHINGTON] The number of Americans who lived in households that lacked consistent access to adequate food soared last year, to 49 million, the highest since the government began tracking
      -AP; AFP  -  793 words
    • 336 19 -Bloomberg [SEATTLE] Paul Allen, Microsoft Corp's co-founder, has been diagnosed with non-Hodgkin's lymphoma and is undergoing chemotherapy. Mr Allen is "feeling okay and remains upbeat", his sister Jody Allen said in an e-mail to employees of Vulcan Inc, his investment group. He was diagnosed earlier
      -Bloomberg  -  336 words
    • 418 19 Some may even be out of pocket from tax credit scheme [WASHINGTON] Some 15.4 million taxpayers could receive smaller refunds than they expected or owe taxes next year because they did not have enough money withheld from their pay cheques as part of
      418 words
    • 503 19 AP The list, accused of being unfair, will be replaced, says CEO [SACRAMENTO, California] Social networking site Twitter plans to end a service that links prominent message posters with new users, a service that was criticised in California because of perceived unfairness toward
      AP  -  503 words
    • 454 19 Reuters [ZURICH] ÜBS boss Oswald Gruebel is targeting an annual pre-tax profit of 15 billion Swiss francs (5520.6 billion) as he aims to put the sub-prime crisis and a US tax row behind the loss-making bank and win back clients. Mr
      – Reuters  -  454 words
  • Page 19 Advertisements
    • 884 19 IN THE MATTER OF IN THE MATTER OF THE COMPANIES, CHAPTER 50 THE COMPANIES ACT, CAP 50 AND AND INT"^* nEßOr e IN THE MATTER OF 'TS^SttSSS*!: 11'1 INNOVISION TECHNOLOGIES *****8284H plt LID [IN MEMBERS' VOLUNTARY ACRA No.: *****1505N WNSFNWJPI UN MEMBERS' VOLUNTARY NOTICE OF RESOLUTIONS LIQUIDATION) [(Pursuant to Section
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    • 195 19 IN THE MATTER OF COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CHINA OFFSHORE SHIPPING (SINGAPORE) PTE LTD CO. REG NO: *****1861H [IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of
      195 words

  • Transport HUB
    • 696 20  -  VINCENT WEE United Seamen's Service names him an Admiral of the Ocean Sea By [SINGAPORE] Neptune Orient Lines (NOL) president and CEO Ronald Widdows has been named an Admiral of the Ocean Sea by the United Seamen's Service. In presenting him one of the shipping's
      FILE PHOTO  -  696 words
    • 1118 20  -  ERIC ENG By THE next time you tuck into a bowl of fruit take a moment to consider that the apples might be from New Zealand, the star fruit from Taiwan, the lychees from China, the blueberries from Chile, the mangoes from Thailand and the bananas
      FILE PHOTO  -  1,118 words
    • 662 20  -  DAVID HUGHES STRAIT TALK For many companies, hedging forms part of a responsible risk-management strategy By I ADMIT I have always had problems getting my head around the idea of shipping-futures markets, forward-freight agreements (FFAs) and hedging. And I have been severely told off on occasions for
      662 words
    • 161 20 [SINGAPORE] PSA has signed on as the official maritime and shipping sponsor for the inaugural Singapore Youth Olympic Games. PSA will work with the Singapore Youth Olympic Games Organising Committee's (SYOGOC) appointed logistics service providers to facilitate the handling of containers carrying games-related
      161 words
    • 564 21  -  YEN SREENIVASAN Premium numbers for the month are down 13.9% year on year: lata By [SINGAPORE] After a three-month sequential improvement, premium air passenger numbers took a turn for the worse in September as businesses and travellers took a step back to see
      REUTERS  -  564 words
    • 437 21 -Reuters [GENEVA] The European Union, the United States and six other countries agreed on Monday on an "agenda for freedom" for airlines that could open the way for mergers and consolidation across the financially troubled industry. The International Air Transport Association (lata), the carriers'
      -Reuters  -  437 words
    • 446 21 Xinhua [WASHINGTON] The Federal Aviation Administration (FAA) on Monday, in the wake of a fatal summer mid-air helicopter-light airplane collision, finalised rules to take effect this week for low-altitude flights in the crowded corridor over the Hudson River separating the US
      Xinhua  -  446 words
    • 2834 21 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), A3 Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British 3 Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU),
      2,834 words
    • 579 22  -  SAMUEL EE Its small land area is easy to blanket with charging stations: Cleantech Agency By THE conditions are right for electric vehicles here that's the message that Plug-In Singapore 2009 wants to send. This Alternative Energy Vehicle Conference Expo is the first
      579 words
    • 717 22 Bloomberg Plan is for Fed to set standards and enforce guidelines [WASHINGTON] The Obama administration is proposing that the federal government oversee safety regulations for subway and light-rail systems in the wake of several accidents that killed or injured passengers. "Safety is our
      Bloomberg  -  717 words
    • 521 22  -  SAMUEL EE Importer says it is progressively beefing up its team By FERRARI importer Ital Auto has collected more than 40 orders in over a month and expects to deliver its very first car, the California, in January. Ital Auto was officially
      ARTHUR LEE  -  521 words
    • 239 22 A NUMBER of Ferrari's overseas markets are turning positive, particularly the Middle East and Asia-Pacific, including China, which despite a recent heavy tax on luxury goods is showing a positive sales trend. The Italian supercar manufacturer revealed this last month when it announced
      239 words
  • Page 20 Advertisements
    • 72 20 M "affffVaa. J Get to know the world better Start your day with SPH newspapers hot off the press, featuring quality news, in-depth analyses, impactful commentaries and breaking stories from Singapore, the region and the rest of the world. ■Sferiliiii'iiliHH I-~ (0 Subscribe now and connect with the world. Visit
      72 words

  • Page 21 Miscellaneous
    • 306 21 CRYPTIC CROSSWORD Across 1 2 3 4 I H |6 7 8 22 Member of family would make splendid secretary (7) 25 Attack taking minutes, mov- mate poet (7) 20 Rart of the diocese yearned ing west (3,2) 5 Traye| g t distancei cover f or change (7) 26 Ray
      306 words

  • Page 22 Advertisements
    • 169 22 with special guest vocalist CARMEN BRADFORD (USA), also featuring CLARESSA MONTEIRO (Singapore), DAVID GOMES (Malaysia) 19 Dec 09, Sat, 7.30pm, Esplanade Concert Hall In collaboration with Esplanade Theatres on the Bar (UOmins, with intermission) off the yuletide season in swinging, jazzy style. $40* $60** $80 As tinsel and aneels co
      169 words

  • EDITORIAL & OPINION
    • 508 23 SHADES of 2007 again. Western stock markets are up more than 50 per cent in six months, emerging markets' gains are closer to 80 per cent. Interest rates are near zero, gold is at an all-time high, property prices are climbing back to record levels
      508 words
    • 1093 23  -  RAZEEN SALLY There's a mismatch between many of the Asian initiatives and the facts on the ground By THOSE who favour a big push for regional integration in Asia now have their day in the sun. They say that the global economic crisis has
      REUTERS  -  1,093 words
    • 765 23  -  FRANK CHING THE BOTTOM LINE US President Barack Obama's visit to Japan brought forth renewed utterances of support of their bilateral security treaty, but the new Democratic Party of Japan government of Prime Minister Yukio Hatoyama appears determined to make it a
      765 words
    • 1058 24  -  HO WAH LEE LIEW SIOW HWEI Consumers now have a wide choice of cash and non-cash payment instruments, depending on market maturity By and PAYMENT services and systems are often viewed as the "umbilical cord" of the financial market, connecting the financial institutions with companies and
      FILE PHOTO  -  1,058 words
    • 924 24  -  ANDREW ROSS SORKIN ■NYT By WHEN news of Kraft's hostile bid for Cadbury broke in England a couple of months back, it caused intense debate, including whether an American company should, by all rights, really be the new home of a well-known
      ■NYT  -  924 words


  • Page 25 Advertisements
    • 305 25 ll ill °f the Singapore Business Awards For /te 25th Anniversary, the Singapore Business Awards is going to be bigger and better than ever. The SBA acknowledges outstanding individuals and companies in four different categories, V including, of course, the coveted BOY, or Businessman of the Year award. All of
      305 words

  • SINGAPORE STOCKS
    • 8665 26 Transaction date: Nov 17 Hii Low Code Coi Sale ('OOP) Hi I Low Bi Seller C'vr P/E £5. 17 3 3148 STelecom 9.5 2.5 5834 A-Sonic 34 15 5000 ABR Hldgs 15.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 8 2101 APOil 93 35 5550 ARA
      8,665 words
    • 1701 27 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net M Cap C000) High Low Buyer Seller C'vr P/E $mil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 20
      1,701 words
    • 395 27 Hi< Low Code Comi Sale COOP) Hi< Low Bui Seller C'vr P/E > III II 111 101 6389 ABF SG Bond ETF 815 427 CIMBAsean40 1OOUS$ 281 149 DBS STI ETF 100 4627 3534 DBXT DJE50 10US$ 3282 1682 DBXT FTChina25 10US$ 5819 3228 DBXT FTVietnam 10US$ 2806
      395 words
    • 265 27 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
      265 words
    • 9463 27 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 2.132/ AIGIF Spore Bond Fund/ A 1.365/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.12/ APS Alpha Fund (USD)!** 0.81/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt Spore Pte Ltd AXAWM
      9,463 words
  • Page 26 Advertisements


  • FINANCE & COMMODITIES
    • 372 28 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov16 World Index Preliminary 822.4 1.2 21.3 1.4 22.8 1.5 27.: t EAFE Preliminai 769.9 1.0 18.6 1.4 25.3 1.5 30.: Euro[ Prelim inan 1117.1
      372 words
    • 131 28 As at 9am Novl7 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2830 1.3210 Can dollar 1.3130 1.3290 Euro 2.0600 2.0840 NZ dollar 1.0260 1.0490 Sterlini 2.3140 2.3410 US dollar 1.3760 1.3920 Local dollars to 100 units of foreign currency: Currencies
      131 words
    • 172 28 Novl7 fer Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 1/16 US$ Offer 3716 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.25 0.28 0.35 0.37 0.65 1.00 1.10 Offer 0.20 0.22 0.25 0.27 0.50 0.70
      172 words
    • 26 28 Novl7 ten STI Nov 2771 2771 2762 SIMSCI Nov 334.0 337.0 332.4 Taiwan Nov 283.5 299.7 281.7 Source: MF Global (S) He. Ltd
      26 words
    • 20 28 Novl7 Bid Offer 1-month 1.3833 1.3853 2-months 1.3836 1.3857 3-months 1.3839 1.3859 6-months 1.3842 1.3863 Source: OCBC
      20 words
    • 64 28 Novl7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Dec 09 2332 2320 2341 2302 1001 5406 Jan 10 2360 2320 2360 2313 4575 2989 Feb 10 2370 2342 2370 2326 8400 ***** Mar10 2367 2348 2368 2331
      64 words
    • 298 28 Novl7 EURODOLLAR FUTURES DecO9 Mar10 Jun10 Sep10 99.7200 99.6350 99.4450 99.1250 5006 7796 4890 3587 EUROYEN TIBOR FUTURES DecO9 Mar10 Jun10 99.535 99.535 Sep10 99.525 99.530 Dec10 Mar11 Jun11 Sep11 99.535 99.525 99.490 99.520 99.535 99.535 99.475 99.390 99.330 99.330 49 11 50 3806 3499 1706 1693
      298 words
    • 87 28 Nov 17 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Dec 09 Jan 10 255.9 Feb 10 Mario Apr 10 May 10 255.9 254.0 255.0 255.0 256.5 257.0 257.0 40 110 20 20 TSR 20 (US cents/kg) Month High
      87 words
    • 81 28 Novl7 tuyers lers iuyers lers As at 12 noon (S cents/kg) RSS 2 Dec 2009 355.00 RSS 3 Dec 2009 354.75 RSS 4 Dec 2009 351.50 RSS 5 Dec 2009 347.00 No 1 ADS 376.00 As at 5pm (S cents/kg) 356.00N RSS 2 Dec 2009 355.00 356.00N 355.75N
      81 words
    • 89 28 Novl7 'erioi Issue code turity resterday's Bid Hi, lay's Low 3-Month BQ*****V 18.02.2010 1-Year BY*****N 01.11.2010 0.43 0.55 0.46 0.46 0.50 0.50 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****H 3.625 5-Year N*****0N 1.375 7-Year N*****0S 2.875 10-Year NX*****W
      89 words
    • 100 28 NoviS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 10 1010.00 687.00 1011.75 991.50 Mar10 1015.75 992.25 1017.75 996.75 May 10 1018.25 995.75 1019.25 1000.25 Jul 10 1023.25 1002.25 1024.00 1005.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 09 39.77 38.61 39.79 38.70 Jan 10
      100 words
    • 76 28 CRUDE OIL PRODUCTS Novl6 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 78.46 2.18 WTI (Near Mth) 78.70 2.36 Dubai (1-Mth F) 77.15 -0.11 Tapis blend 79.25 -0.15 Minas 78.55 -0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 75.00 84.10 0.05 0.70 US$/barrel Opec Oil Basket
      76 words
    • 464 28 Novl7 AS _CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.978 6.361 0.623 7.221 43.024 87.482 0.828 10.757 3.129 1.248 77.755 43.522 1.290 6.887 0.940 29.918 30.920 0.553 0.932 Canada 1.023 6.504 0.637 7.384 43.995
      464 words
    • 77 28 Nov 17 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 1.***** 12 mths 1.***** SWAP
      77 words
    • 152 28 Novl7 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2883 1.2908 0.9315 0.9320 Canadian dollar 1.3174 1.3199 0.9526 0.9530 Euro 2.0687 2.0721 1.4958 1.4961 NZ dollar 1.0324 1.0346 0.7465 0.7470 Sterling 2.3304 2.3341 1.6850 1.685: US dollar 1.3830 1.3850 S$IUS$ to
      152 words
    • 135 28 Nov 17 (US! f/oz) Nov17 Nov16 Hong Kong 1130.90 1128.40 London NoviS NovU 1132.10 1112.45 1132.90 1113.25 Source: Thomson Reuters CAST BAR (S$) Nov17 Buying Sellini Kilobar "54,073.52" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS Kinebar™ 120.91
      135 words
    • 70 28 Novl6\ Co iri iiuiii, yy.i (US$/tonne) Close Previous Cash 1997.00 1914.00 3 months 2030.00 1946.00 Copper, Grade A (US$/tonne) Cash 3 months 6830.75 6850.00 6500.75 6520.00 Lead (US$/tonne) Cash 2369.50 3 months 2390.00 2252.75 2275.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • 73 28 NoviS (£/tonne) Close Prev Hii ih/Low Dec 09 2018 2019 2035/2012 Mar 10 2063 unch 2079/2057 May 10 2083 2081 2098/2077 Jul 10 2014 unch 2032/2010 COFFEE (US$/tonne) Close Pev High/Low Nov09 1318 1285 1317/1297 Jan 10 1339 1306 1376/1308 Mar 10 1384 1352 1420/1353 SUGAR (US tonne) White
      73 words
    • 2235 28 BONDS, WARRANTS EXTENDED SETTLEMENT Fel lode Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 1 15 23 4.29 54 >036 Advance SCT Ltd W*****9 0.5 1 1844 9.00 9 i756 Asiatic Grp (H) Ltd W*****2 1 3
      2,235 words

  • Page 29 Advertisements
    • 2806 29 m The Business Times Shipping Times 4k ___r^^_l Bl^B^BfflHffiyff^ffffßßn^ WAN HAI INTERNATIONAL PTE LTD UEN *****4695 M W f*7V PV ___L%_E ggglfWn'^TO'lTllT^Mßi V"v__i\lAlAM UAI I IMFC TEb*****588 (14 LINES) FAX:*****163 *^T|B r^^^^ll^H fiflp33E£GEaj \l^ WAN HAI IN PKL TEL: {03| *****888 FAX: {03| *****288 PEN lEL: {04) *****00 FAX: {04)*****99
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  • Page 30 Advertisements
    • 3254 30 In E EASTERN CAR LINER, LTD I[@ SJiJJ r//^ Pf—^—* specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I _^^^^^^_^^^^^^^^^^^^^^^^^^_^^^^^^p H _^ft J*^H*_o M Mll^ll^i^JV^Jiil*i^ll^^THill_l ■^iils iPn>l*V *HVF*ii li f° li PCL/AMCL SERVICE AMXAMEL SERVICE Connecting EMC SERVICE via MALTA I 'n"j!£'™''' VOY _Rain£(KT)_ Lllliiq(KT) SIN
      3,254 words

  • EXECUTIVE MONEY
    • 1277 31  -  TAN SU SHAN With the global markets making a comeback, here are some tips for investors as they review their portfolios E LIVE in interesting U times. As we started 2009, uncertainty hung heavily in the air and the focus was on transparency, simplicity and capital
      1,277 words
    • 1035 31 Bloomberg Wealthy investors are turning to independent investment advisers [NEW YORK] Steve Rose, a public relations executive in New York, spent a year weighing whether to keep his money at Morgan Stanley Smith Barney or switch to an independent adviser. Last month
      – Bloomberg; AFP  -  1,035 words
    • 747 32 -NYT Price-earnings ratio stands at 18.9 now compared with 41.4 in 1999 [NEW YORK] Investors may take some comfort now that the Dow Jones Industrial Average is back above 10,000 after slipping to around 9,700 at the end of October. But the
      -NYT; AFP  -  747 words
    • 558 33 Credit Suisse offers clients economies of scale in getting a charitable foundation off the ground, reports GENEVIEVE CUA m EALTHY families who desire to venture into philanthropic giving could set up a foundation themselves. Or, they could avail of an "umbrella" foundation called Symphasis,
      STOCK.XCHNG  -  558 words
    • 271 33  -  GENEVIEVE CUA By THE CPF Life CPF's retirement scheme designed with an annuity has attracted $1.2 billion in just about two months since its launch in September. To date, some 30,000 members have signed up for it. These qualify for over $60
      271 words
  • Page 31 Advertisements

  • Page 32 Advertisements
    • 117 32 You'll Know When It's Pure Fountain 1 Half-yearly filter change Onsite maintenance jf (during filter change) A x jf^ X^REE installation^^ /-fe 1 year worth of filter change ca \l year onsite maintenance/ FREE installation* I -s -c Terms Condif/ons App/y O ra V Hof Co/d Temperature Choice of Floor
      117 words
    • 337 32 Multi-access meets multi-asset on the award-winning platform. With SaxoTrader, you'll have more ways to take advantage of the market. 7" f -J Ill'"1 ■l^gi^Mpi^ .»»E">""« LUULL-- L nj^^r—^ I• A seamless trading experience awaits when you open an account with Saxo Capital Markets. You'll enjoy access to three platforms SaxoTrader,
      337 words

  • Page 33 Advertisements
    • 799 33 Advertising Feature Who has the answer? P-^B Ji I I 1^ I An Original Approach to Success breakthroughs. One firm that has already taken advantage A Healthy Outlook medium-sized firms in developing and maturing industries, More than any other factor in business, innovation is of the opportunities offered here is
      799 words
  • Page 33 Miscellaneous