The Business Times, 27 September 2008

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Total Pages: 47
1 47 The Business Times
  • 17 1 weekend THE BUSINESS TIMES SEPT 27-28, 2008 85 cents «p AN SPH PUBLICATION MICA (P) 198/08/2008 www.businesstimes.com.sg
    17 words
  • Article, Illustration
    904 1  -  Samuel Ec Formula 1 rakes in more than all EPL clubs combined By samuelee@sph.com.sg Singapore IF you care to whiz around the highspeed empire that Bernie Ecclestone has built, it shouldn't surprise you to note that its tracks are paved with gold. Big numbers always whispered but rarely
    ARTHUR LEE; YEN MENG JIIN  -  904 words
  • Page 1 Advertisements
    • 80 1 Camden Medical Centre is home to a growing community of more than 150 leading medical specialists I and healthcare professionals. Located on Orchard Boulevard, and minutes from Gleneagles and @a> 4 Mt. Elizabeth hospitals, the centre is supported with state-of-the-art medical facilities such as a new SGH W^^^Uffl^' radiology centre,
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    • 3 1 8 *****1 *****4
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  • Page 1 Miscellaneous
    • 100 1 B&gjSLigj THE RAFFLES CONVERSATION WEALTH SHORT-SELLING Cutting them some slack THE Singapore Exchange says it may not penalise naked shorts because of error trades or other honest mistakes. 2 SPEED SURFING Sing Tel consortium wins SINGTEL and partners beat rival group to bag job of building Singapore's ultra-fast, fibre-optic Internet
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  • TOP STORIES
    • 135 2 Tsti 2,411.46 (-32.78) T STI FUTURES 2,412 (-32) T SIMSCI 297.04 (-4.49) T SIMSCI FUTURES 296.40 (-5.10) PRIME RATES SINGAPORE 5,38 MALAYSIA 6,72 HONG KONG 5,25 INDONESIA 15,960 TAIWAN 6,316 JAPAN 1,875 KOREA 9,33 BRITAIN 5,00 US 5.00 CANADA 4,75 SWITZERLAND 3,57 INDIA 13,75 Source: Bloomberg FOREX uss sj
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    • 506 2  -  Lynette Khoo By lynkhoo@sph.com.sg Singapore BROKERS and their clients can heave a sigh of relief because honest mistakes will not suffer the hefty fines imposed on failed shares delivery. To soothe anxiety among trading representatives (TRs) here, the Singapore Exchange
      506 words
    • 538 4  -  Winston Chai Cost of the ultra-fast, fibre-optic network to be ready by 2013 may touch $3b By winstonc@sph.com.sg Singapore SINGAPORE Telecommunications and its three partners have taken the chequered flag at the end of a two-horse race to land the prize of building and owning
      538 words
    • 214 4 BESIDES benefiting as part-owner of Singapore's new broadband network, Sing Tel could gain an additional $1 billion from divesting non-strategic Internet assets. As part of its winning bid, Open Net has proposed a leasing arrangement with Sing Tel to tap the latter's
      214 words
    • 543 6 Reuters, Bloomberg Conservative Republicans propose alternative to Paulson's USs7oob rescue plan New York PRESSURE mounted on lawmakers yesterday to agree to a US$7OO billion financial rescue plan after talks at the White House broke down in acrimony as the biggest bank closure
      Reuters, Bloomberg; REUTERS  -  543 words
    • 455 6  -  Siow Li Sen By lisen@sph.com.sg Singapore Singapore SHORT-term interest rates here jumped again yesterday, sending it higher than the US Fed Fund rate of 2 per cent and causing the Monetary Authority of Singapore to inject money into the system. Underlining the seriousness of
      455 words
    • 314 6 Reuters Brussels FORTIS, seeking to stem a sell-off that's driven the stock down more than 25 per cent this week, denied yesterday it was facing a liquidity crisis and pledged to speed up asset sales. The bank said it had
      Reuters  -  314 words
  • Page 2 Miscellaneous
    • 65 2 NEWS LIVING Top stories 3,4,6 Motoring L2-5,20 Raffles Conversation 8,9 ninins L6-8 Week In Review TO Entertaining L9 S'pore Grand Prix 12,13 Companies 14,15 %J^ Singapore 16,17 a^^J^^ Letter From Abroad 18 s^**"'^^^^^^ World 19-22 Stocks stats 23-27 waA Perspective 28,29 Travel LlO,ll Wealth 30-35 Shopping L12,13 Show Me The
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  • Page 3 Advertisements
    • 190 3 Cliveden at Grange. I The incomparable extravagance H H^ of 1 unit per floor. H One Shenton. I The distinction of the No. 1 H H address in the heart of the CBD. H I If money has to find a home, I I in Singapore, it has to I
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  • Page 4 Advertisements
    • 74 4 h 2 col H $0.0005 iraKl to reach OIIG reader Ck Book your advertisement online now! A^^ Read by 1.3 million daily, The Straits Times enhances your business potential. 'N^ I Have your 6cm by 2 columns (7.9 cm) advertisement running on Mondays or HfTTTTTTTT^'^'^'fTTTTVT^"*^! tl jDlPfe ll' Tuesdays, at
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  • Page 5 Advertisements
    • 154 5 Your Doorway to Fine Living... ■B^, Waterfront Bungalows Sentosa Cove Daringly designed for urbanites who prefer not to toe the line. A stunning masterpiece by award winning architect, W Architects. ff*'^^ The Mondrian Hindhede L>^ulfilling promises of an uncompromising lifestyle, TG Development has set itself apart by building the most
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  • Page 7 Advertisements
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  • THE RAFFLES CONVERSATION
    • 2401 8 of 17.3 billion francs from its wealth management businesses as clients withdrew money or closed their accounts. ÜBS chairman Peter Kurer said in a statement at the time that a review of the group's strategy had "clearly revealed the weaknesses associated with the integrated one-firm
      YEN MENG JIIN  -  2,401 words
    • 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

  • WEEK IN REVIEW/WEEK AHEAD
    • 691 9 THIS WEEK Sept 22-26, 2008 Paulson seeks USs7oob and a blank cheque THE Bush administration has formally proposed to Congress what could become the largest financial bailout in US history, requesting virtually unfettered authority for the Treasury to buy up to US$7OO billion in mortgage-related assets from financial institutions in
      REUTERS, AP  -  691 words
  • Page 9 Miscellaneous
    • 134 9 CRYPTIC CROSSWORD 12 Knickers slips if they're —^J YESTERDAY'S SOLUTION 25 Man is, I fancy, like an ape discs'^ Rule 7 Oxv2e°n m 8PFe(6) 2 Knock out shots in a 8 Cant stand strain on dole, v y i- -j /o n i /^n dora, 11 Astonishment, 15 26 Guts
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    • 95 9 NEXT WEEK Sept 29-Oct 3 US DATA Sept 29 Personal income/spending, Aug Sept 30 Chicago PMI, Sept Consumer confidence, Sept OctT Construction spending, Aug ISM Index, Sept Crude inventories Oct 2 Initial job claims Factory orders, Aug Oct 3 Hourly earnings, Sept Non-farm payrolls, Sept Unemployment rate, Sept ISM services,
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  • Page 10 Advertisements
    • 41 10 Corndale Consultants tS wKiWj^^^^M one of the greatest source •^Hf iTlfli^^B^H of Bordeaux's finest wines in Asia Pacific ili^HßSSfll^^^m .jsj^^^^dttM Sill CORNDALE CONSULTANTS PTE LTD. 37 Jalan Pemimpin #07-05. Singapore *****7. Tel: (65) 6354 1238. Fax: (65) 6258 4379. Email: finewines@corndale.com
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  • SINGAPORE GRAND PRIX
    • 455 11  -  Nisha Ramchandani He says hosting the world's first Fl night race is a win-win situation for Formula 1 and Singapore By nishar@sph.com.sg Singapore IN just 10 months Singapore has put together a top-quality race circuit that will make the rest of the world
      JOSEPH NAIR  -  455 words
    • 665 11  -  Richard Tay Linking up with Fl helps to enhance a company's image in more ways than one I FROM THE DESK OF CEO, YHI International SOME people might not know this, but the Formula One (Fl) race that will flag off tomorrow won't be the first time Singapore
      665 words
    • 379 12  -  Uma Shankari By shankari@sph.com.sg Singapore FERRARI'S Felipe Massa has certainly done his homework for this weekend's Formula One Singapore Grand Prix. "About 3am on Wednesday I went walking around the track," he told reporters yesterday. "And yesterday (Thursday), I went cycling with my engineers,
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    • 609 12  -  Samuel Ec Industry monitor's gauge puts it ahead of McLaren and Ferrari By samuelee@sph.com.sg Singapore TOYOTA Motorsports reportedly has the biggest budget in Formula One this season at US$445 million. But if you want confirmation of that from the boss, you won't get it.
      ARTHUR LEE  -  609 words

  • Page 12 Advertisements
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  • COMPANIES
    • 873 13 STOCKS IN FOCUS The figures could have been bumped up by exceptional dividend payouts in a particular year. By Jamie Lee THE downward spiral of share prices has created impressive dividend yield figures for some stocks on paper. But before one runs to
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    • Business briefing
      • 31 13 HO Bee Investment will sell industrial building Frontech Centre to AG Frontech for $30 million, for a pre-tax profit of about $15.7 million.
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      • 51 13 CHINA Auto Electronics said that Ernst Young have found weaknesses in its risk assessment, inventory and costing, sales and account receivables, which may have a material impact on the internal control, finance and operation of the group. It has begun putting in place corrective
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      • 47 13 LIFEBRANDZ posted a net loss from continuing operations of $7.4 million for the year to July 31, against a previous net profit of $434,000. Turnover rose 5 per cent to $39.2 million. Total expenses jumped 25 per cent to $50.5 million.
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    • 440 14  -  Kalpana Rashiwala Group puts industrial/logistics tie-up on hold amid refocus on existing core businesses By kalpana@sph.com.sg Singapore CAPITALAND is putting on hold its tie-up with subsidiary Australand to set up a pan-Asian development platform in the industrial /logistics business. This comes as it refocuses on its
      440 words
    • 918 14  -  RSivanithy STOCKS sivan@sph.com.sg Senior correspondent THIS time last week the Straits Times Index (STI) had just risen 139 points to 2,559, apparently on hopes that Ben (Bernanke) and Hank (Paulson) could stitch together an acceptable bailout plan to buy toxic US bank assets. It
      918 words
    • TALK MARKET
      • 168 14 CHIP Eng Seng (CES) told BT this week that its two joint-venture condominium projects with a US$2.4 billion real estate equity fund managed by Lehman Brothers are unaffected by the collapse of the US investment bank. The group said that only a fraction of that
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      • 140 14 CHINESE companies have long moaned the fact that they trade at low multiples here. But there's a reason. Even with all eyes on Wall Street, China risk was still something investors had to grapple with. Shares of Yanlord Group saw a pounding this week, hurt
        140 words
  • Page 13 Advertisements
    • 105 13 r7 I New mix of colonial and contemporary style boutique (luxury class) hotel EgjSfe 88^ ."^l b^ development consists of 51 tastefully decorated guestrooms Hlpgl^ I !l^ Strategically located in the heart of Tiong Bahru Estate, close proximity P Bllffft'" rtfifr i*. U^JMIL^^H 'SSfc-- "Total Land Area: Approx. 7,300 sq.ft
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  • SINGAPORE
    • 622 15  -  Oh Boon Ping Most sectors shrank; output for first eight months of '08 is 2% lower than a year ago By huwenbin@sph.com.sg CONTINUING its downward trend, manufacturing output shrank 12.2 per cent year-on-year in August as most sectors contracted, the Economic Development Board said
      BLOOMBERG FILE PHOTO  -  622 words
    • 542 15  -  Jamie Lee By leejamie@sph.com.sg MORE non-residents coming to Singapore to work and study pushed the population up 5.5 per cent in June from a year earlier, National Population Secretariat (NPS) data released yesterday shows. The population hit 4.84 million, but the surge in the
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    • 594 16  -  Lee U-Wen soapbox leeuwen@sph.com.sg Journalist I'M constantly amazed at the lengths airlines go these days to shed as much weight as possible in light of escalating jet fuel costs. Lighter cutlery. Smaller bottles of wine. Thinner in-flight magazines. Newspapers with some sections removed. Some carriers are
      594 words
    • 294 16 Bloomberg Taipei MANULIFE Financial Corp said Mark O'Dell, who quit as the Singapore general manager of American International Group Inc's (AIG) life insurance unit last week, has joined as the head of its Taiwan operations. Mr O'Dell will probably start work at Manulife at the
      Bloomberg  -  294 words
    • 145 16 NUS Business School has moved up five places to 89th in the latest ranking of full-time MBA programmes worldwide by the Economist Intelligence Unit (EIU). It is one of two business schools in Asia to improve on its rankings. The other is Chinese
      145 words
    • Briefing
      • 50 16 THE Intellectual Property Office of Singapore (IPOS) signed memorandums of understanding with its counterparts in Switzerland, Brazil and France this week at the 45th World Intellectual Property Organization General Assembly in Geneva. The MOUs aim to foster closer intellectual property collaboration between the countries.
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      • 68 16 ERP (electronic road pricing) rates on weekday nights at several CBD gantries will be reduced from Monday, after the Land Transport Authority reviewed traffic conditions. It also said yesterday that one of six ERP gantries earlier marked for implementation will be activated in November.
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      • 57 16 THE Housing and Development Board yesterday launched a ballot for the sale of 992 flats at Ang Mo Kio, Kallang/Whampoa, Queenstown and Jurong West. The flats are surplus units from the Selective En bloc Redevelopment Scheme and balance flats in the 50-storey Pinnacle@Duxton. Applications on
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  • Page 15 Advertisements
    • 22 15 Luxury CondO (Orchard) Draycott Eight *St Regis Residences St Thomas Suites Cairnhill Residences Available for Investment Occupation Rudy Tedja 9686 9943 www.rudytedja.myweb.sg
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  • Page 16 Advertisements
    • 76 16 THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 5 years Total Amount Allotted SGD 700,000,000 Amount Allotted to Non-Competitive Applications SGD 26,367,000 Of which allotted to MAS Nil Total Amount Applied SGD 1,080,017,000 Coupon Rate 2.250% p.a. Cut-off Yield Price 2.65% p.a. and on Allotment 98.794% Average Yield Price 2.42% p.a.
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  • LETTER FROM ABROAD
    • 1171 17  -  Dennis Tan WE have just experienced all four seasons, in a year and not a day as some may do in other cities. When we first arrived in Bonn, Germany, in September 2007, it was autumn and the weather was quite mild. Although it was much
      1,171 words

  • WORLD
    • 347 18 I Regulation Deregulation Industry expansion Boom and bust Economic crisis And back to regulation I Consumer protection Under Franklin D Roosevelt, the Glass-SteagallActof 1933 prohibited consolidation of investment, commercial bankingand insurance services. It also created the FDICto insure consumer bank deposits. FollowingtheStock Market Crash
      BLOOMBERG  -  347 words
    • 390 18 Reuters LATEST US DATA Data confirms weakness in economy is starting to take hold: analyst Washington THE US economy grew less strongly than previously thought during the second quarter as consumers boosted spending less vigorously and businesses trimmed some investments, a sign confidence
      Reuters  -  390 words
    • Briefing
      • 85 18 Bloomberg Sydney Macquarie Group, Australia's biggest investment bank, said it will sell its investment lending business. The sale of the unit follows Macquarie's decision in March to wind back its mortgage business. The investment lending unit contributes less than one per cent
        Bloomberg  -  85 words
      • 97 18 Bloomberg London JPMorgan Chase, the biggest US bank by deposits, is Lehman Brothers's largest secured creditor, with an estimated claim of US$23 billion, according to a court filing. Lehman said it owed New York-based Fenway US$3 billion, Swedbank AB US$l.35 billion, and Boston-based State Street
        Bloomberg  -  97 words
      • 135 18 Reuters Frankfurt/Sydney Central banks across the world scrambled to meet a desperate demand for cash, both in their own currencies and the US dollar. The Swiss National Bank offered US$9 billion of US dollars for one week, the European Central Bank US$35
        Reuters  -  135 words
    • 547 19  -  S Jayasankaran Umno elections pushed to March from Dec; Razaleigh slams 'transition plan' as kids' game of mine' By btworld@sph.com.sg Kuala Lumpur MALAYSIAN Prime Minister Abdullah Badawi all but admitted that he was on his way out when he said yesterday that
      REUTERS  -  547 words
    • 620 19  -  Pauline Ng By btworld@sph.com.sg Kuala Lumpur A LAST-MINUTE curve ball from the Malaysian central bank has virtually scuttled Maybank's proposed purchase of Bank Internasional Indonesia (BII). Bank Negara's latest directive to the country's biggest bank on Thursday stated its reinstated approval for the
      620 words
    • 353 20 AFP New study finds 22.7% more HNWIs at end-2007 than 12 months previously Mumbai INDIA is minting new millionaires at a faster pace than anywhere else in the world, buoyed by a fast-growing economy, according to a new study. There were an estimated 123,000
      AFP; AFP FILE PHOTO  -  353 words
    • 192 20 Bloomberg Beijing CHINA'S Cabinet agreed to let investors buy shares on credit and sell borrowed stock to help develop Asia's second-largest market after prices and trading volumes slumped, an official familiar with the plan said. The State Council signed off on a
      Bloomberg  -  192 words
    • 716 21 He's beginning to look more like the 21st century incarnation of John Pierpont Morgan [NEW YORK] With the acquisition of Washington Mutual Inc, JPMorgan Chase Co CEO Jamie Dimon is starting to look a little more like this century's incarnation of
      Reuters; BLOOMBERG FILE PHOTO  -  716 words
    • Briefing

  • Page 19 Advertisements
    • 278 19 A MATS IN THE MATTER OF SEASPORTS CENTRE PTE LTD Company Registration Number: *****2194 M (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members of the above mentioned Company will be held at the
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  • Page 20 Advertisements
    • 63 20 Elegance Series I I Maximum storage capability I ll Bastide Villa Loft Bottle Capacity: 267 Bottle Capacity: 202 Bottle Capacity: 150 /rir Wine Preservation Technology Long term storage, large capacity wine cellars www.vintec-cellar.com www.transtherm.com Available at all leading wine shops and appliances store Available at dedicated show rooms:APS Gallery: 9
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  • Page 21 Advertisements
    • 69 21 Own a Top Iconic Property with Complimentary PropNex Membership in Spores Most Exclusive Yacht ClubOne °15 in Sentosa s- The Sail Guaranteed Best Facing in the whole Marina- Perfect to Rent Unblock view OF THE BAY!!!... Very High Floor Panoramic view of F1 track/Singapore Flyer/ *****f High Demand/ Marina Bay/
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  • SGX
    • 8954 22 ligh ligh Low Code Company Sale C000) High Low Buyer Seller C'vr P/E Smil 6 11.5 JO !4 !0.5 17.5 41 7 9.5 94 !3.5 5 7.5 15.5 4 19 4.5 5 !4 !2 22 14 3.5 JI5 j!9 2 17.5 I 17.5 _4 16 14.5
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    • 1677 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil !0 11.5 1181 s AA Grp 50.5 15 5000 s ABR Hldgs 52 18 8538 s APStrategic 0 1.5 1501 s Advanced System 58 13 3518 s Afor H.5 4.5 1524 s Alantac !0 5.5
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    • 47 25 Up Down Unch 4 10 4 Up Down Unch OOP Up Down Unch 4 10 4 lulti Ind TanUl ractunni .ommerce -inance ,onst :rud :ion Tro\ >erties ToteT SET >ervices las/ ler ;ure larr Active counters with no volume for toda} are not included
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    • 181 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
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    • 801 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 22 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) Substantial Shareholder/ Director Buy Sell Cony No of Shares *000 Price Per Shr$ SHAREHOLDING Before After (*000) (*000)
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  • Page 22 Advertisements




  • MARKETS
    • STOCK MARKETS
      • 19 26 Source: YTD change:-30.42% 52-week high: 3,831.19 on Oct 11,2007 52-week low: 2,307.79 on Sept 18,2008 Bloomberg
        : Bloomberg  -  19 words
      • 20 26 Source: YTD change: -32.83% 52-week high: 31,958.4 on Oct 30,2007 52-week low: 16,283.7 on Sept 18,2008 :Bloomberg
        :Bloomberg  -  20 words
      • 25 26 Source: YTD change:-16.91% 52-week high: 14,198.1 on Oct 11,2007 52-week low: 10,459.4 on Sept 18,2008 (Chart shows Thursday's index closing) Bloomberg
        Bloomberg  -  25 words
      • 363 26 SepZS dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 902.3 1.5 -20.3 1.4 -21.5 1.4 -20.6 EAFE Preliminai 850.6 1.0 -24.1 0.8 -25.4 0.9 -24.5 Euroi Preliminai 1171.9 2.1 -24.1 2.0 -26.4 2.0 -25.5 Pacific 728.5 -1.2
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      • 20 26 YTD change:-56.41% 52-week high: 6,124.04 on Oct 16,2007 52-week low: 1,802.33 on Sept 18,2008 Source: Bloomberg
        Bloomberg  -  20 words
      • Article, Illustration
        18 26 Source: YTD change:-22.31% 52-week high: 17,488.9 on Oct 11,2007 52-week low: 11,301.4 on Sept 18,2008 Bloomberg
        Bloomberg  -  18 words
      • 151 26 Sep 26 Against S$ iurrencies Bid Offer '$/US$ to one unit of foreign currency: Australian dollar 1.1782 1.1797 Against US$ Bid 0.8258 Offer 0.8263 anadian dollar 1.3759 1.3777 0.9644 0.9650 Euro 2.0794 2.0813 1.4575 1.4578 NZ dollar 0.9750 0.9771 0.6834 0.6844 terling 2.6179 2.6204 1.8349 1.835* US
        151 words
      • 69 26 Sep 25| OCOA (£/tonne) Close Prey Hie h/Low )ec08 1530 1529 1538/1518 1ar09 1554 1553 1561/1543 lay 09 1545 1551 1557/1537 ul09 1545 1556 1560/1538 :OFFEE (US$/tonne) Close Pev High/Low :ep08 2127 2112 Jov08 2147 2132 2169/2100 an 09 2179 2160 2195/2130 iUGAR (US tonne) tfhite Close Prey High/Low
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      • 86 26 Sep 2s|| OYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jov 08 1183.*****7.*****3.*****4.00 an 09 1199.*****3.*****0.*****2.00 tor 09 1212.*****7.*****1.*****7.00 /lay 09 1224.*****9.*****8.*****2.00 iOYBEAN/OIL (60,000 lbs; USc/b) Close Previous High/Low )ct08 47.77 47.70 48.70 47.20 tec 08 48.29 48.20 49.20 47.65 an 09 48.78 48.69 49.57 47.90
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      • 76 26 Sep 25 CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 102.02 -1.87 107.72 2.49 95.83 -2.44 105.85 -3.95 101.15 -3.55 PRODUCT USS/barrel (FOB S pore) Close Change ore) Naphtha Jet Kerosene 88.50 -2.95 123.60 -1.60 USS/barrel Opec Oil
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      • 70 26 Sep 26 GOLD (us$/oz) Sep 25 Sep 26 Hong Kong 886.40 873.40 887.40 874.40 Sep 24 Sep 25 London 888.00 876.90 890.00 878.90 Source: Reuters SILVER Selling Buying Passbook 1 oz 19.01 18.78 Source: UOB PLATINUM Lon (US$/oz) Sep 25 Close Previous PM Fix 1195.00 unav AM Fix 1225.*****5.00
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      • 65 26 Sep 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Low Vol Done Open Position Hig Oct 08 2307 Nov 08 2267 Dec 08 2272 Jan 09 2282 Total o/p: ***** contracts 2283 2317 2288 2297 2311 2255 2313 2324 2255 2312 2330 2269
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      • 72 26 Sep 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 3 months 2459.50 2509.00 2450.20 2503.00 Copper, Grade A ;us$/tonne) Cash 3 months 6961.50 6930.00 6926.50 6910.00 Lead (US$/tonne; Cash 3 months 2000.00 2015.00 1981.00 1995.00 Nickel i US$/tonne) Close Previous Cash 3 months Tin (US$/tonne) *****.00 *****.00 *****.00
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  • PERSPECTIVE
    • 1240 27 When journalists lose objectivity As far as a coterie of western scribes were concerned, there was just nothing right or good about the 2008 Beijing Olympics. By Choo Wai Hong READING and watching the media coverage of the 2008 Olympics from Europe, I found myself doing a double take. At
      1,240 words
    • 387 27  -  Antony Currie BREAKINGVIEWS.COM By JAMIE Dimon looks to have done it again. The JPMorgan boss bided his time after picking up Bear Steams in March, leaving it to the government to rescue or not ailing financial institutions. His patience has been rewarded. Just nanoseconds after
      387 words
  • Page 27 Advertisements
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    • 656 27 w A WATS K^l KS ENERGY SERVICES LIMITED K5 (Company Registration No. *****0104G) RENOUNCEABLE PARTIALLY UNDERWRITTEN RIGHTS ISSUE ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING ORDINARY SHARES SUBSCRIPTION RESULTS OF THE RIGHTS ISSUE Unless otherwise defined, terms used in this announcement bear the same
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  • Wealth
    • 1082 28  -  Genevieve Cua It is very likely that misrepresentation occurred in the case of the controversial High Notes and Minibonds gen@sph.com.sg Personal Finance Editor THE wipeout debacle suffered by some structured products when Lehman Brothers failed will cast a fresh and unfavourable light on almost all structured
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    • 564 29  -  Chow Perm Nee Sun Vie Chemical Holdings Buy Phillip Securities Research Sept 26 close: $0.23 SunVic Chemical Holdings is principally engaged in the manufacture and sale of acrylic acid ("AA"), acrylate esters ("AE") and other chemical products (PMIDA and cyclohexane), which are used in the production of many
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    • 724 29  -  Genevieve Cua BOOK REVIEW I By gen@sph.com.sg Singapore "W" "W" ""T"HETHER you are an investor, an ob- server of financial markets, or even an investment professional, Satyajit Das's Traders, Guns Money should prove an entertaining, eye-opening read. Published in 2006, the book's listing of financial crises stops
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    • 1462 30  -  Teh Hooi Ling show me the money An IMF study of 42 such crises globally shows how severe a banking crisis can be and how past crises could be resolved hooiling@sph.com.sg Senior correspondent THERE were 124 systemic banking crises globally between 1970 and 2007
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    • 501 32 JLL chief cites lack of confidence in pricing as a key factor, but says demand for office space here is still good. By Arthur Sim THE global credit crunch is likely to see worldwide property investment sales fall about 50 per cent this
      501 words
    • 434 32  -  Lee U-Wen By leeuwen@sph.com.sg Singapore THE client list reads like a "who's who" of Singapore's best-known buildings. From the Shangri-la and Marriott hotels to the Paragon and Lucky Plaza shopping malls, all have one thing in common their exteriors have been coated by products
      434 words
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    • 663 28 V*Z^ kfrvTmrr To"free: 180°-289-8822 W [VI 111 l-( V Email: notices@sph.com.sg _L X^^/ 1_ _L^^ _L< i 3 www.cats.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JAPAN LAND LIMITED tribuanamaritimepte.ltd. ARm J«r«N LMNU LIMII eu (incorporated in Singapore] LAND (|ncorP°rated in Singapore) co
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    • 81 29 Advanced Design Technology 10kg front-load combo 6kg dryer Air Wash™ System keeps clothes super fresh Silver Nano Health System™ 99.9% removes bacteria fungi Stop &Add pause option in case you forget an item In attractive Carmen Red I Harvey Norman I HOW TO ZAP: Download software by SMS-ing the won!
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    • 39 30 I Draycott 8, Luxurious Condominium (Orchard Road) *4 bedrooms (2896 sqft) BnTE I Des'9ner Showflat ■UJIB^I I •Panoramic City View p^. I •Concierge Service WrfM 4-^f* Colonial Clubhouse Immediately available i BFor Private Viewing: Rudy Tedja (65) 9686-9943 www.rudytedja.myweb.sg
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    • 943 31 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF I PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 1 District 15 NON-LANDED LANDED EmeraldGdn Apt 11/09/2008 999 1991 3100 1557 LorMTelokKurau 4-Sd 12/09/2008 FH 2190 1638 748 Marina Bay Residences
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    • 54 32 IflMß^ fel Present this issue of BT Weekend I Ir and purchase the MWg Zinc II at FREE Agis NAVFONE Singapore D Offer valid from 27 Sept -03 Oct at South Asia Computer, FunanDigitaLife Mall #03-01/41 or fg* Price is inclusive of 7% GST and while stocks last h^Mwa weekend
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    • 32 33 w s**^M H^^S^KiiiSi^^. /I L! jwL: ,^*jW ■■.-"'/?,■>-. Llr tßSUmtm \sm H e ma^ire c I'horlogerie depuis 1875 1 ■'IB S^^^?iHßK' Partner of f I v h vv; Limited Edition nuJlfeq EQ!I!OU www.audemarspiguet.com
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  • Page 34 Miscellaneous
    • 46 34 El >—H B» RPuxlooo I I jcJf9W Be** ife^ lIS •,uM HnßnA' HER ■a^ •t^ ■BuoOC fPiM fci HBniqM :^B m Boi SMH ij|U|ijj liJfcaMMAflJUU^lfUNl PRESSED nMnMHmltiamWitiM OTif Mnsaal for time? 33 e?sgj 5E Q take our y9MM4MJMUiWmWJBPML 24-hour *™*?P?'V „?_T TRAVEL 0 W3ffg33 33tirigaria itineraries
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  • BT Living
    • MOTORING
      • Article, Illustration
        706 35 After this weekend, you will have had the full Paddock Club experience with all the sounds and smells of some very fast cars behind you. But a cap and a lanyard aren't exactly the kind of souvenirs you were looking for. There must be a more special way
        706 words
      • Article, Illustration
        522 35 Speed is of the essence when you're jetting about on business. Some frequent flyers share 24-hour itineraries to help you make the most of the city With Reno Cassimir Singapore-based commodities trader TWENTY four hours may seem like an eternity in some places, but in a city like Miami,
        522 words
      • Article, Illustration
        442 35 With Christer Sjodoff Group vice-president of GAC Solutions I TOUCH down in Dubai at night, and quickly pick up a few bottles of good wine and some boxes of chocolate for my upcoming appointments. I will either board the hotel's pick up service or just hail the beige cabs
        442 words
      • 765 36 Not in the market for a Ferrari? The Mercedes C 63 is a little more understated, yet still racy IT'S race day at the Singapore Grand Prix and you're looking out at the 22 cars on track. Twenty of them, you are unlikely to buy or will
        765 words
      • Article, Illustration
        468 36 With Luciana Eng PR consultant and Paris resident ARRIVE in Paris. Check in at Hotel Le Bristol, hip yet discreet, all the luxury of a 5 star palace, with excellent service and concierge. (112 rue dv Faubourg-Saint-Honore www.lebristolparis.com) 0930: Unable to resist these temples of French chic, I would
        468 words
      • Article, Illustration
        386 36 With Thomas Bouillonnec General manager, Piaget South-east Asia On arrival I check into Hotel dv Rhone situated in the city center, where you can walk to the main rue dv Rhone. It's a commercial/luxury street with plenty of restaurants in the area. It's a luxury hotel with good service
        386 words
      • 645 47  -  Samuel Ec fl watch By samuelee@sph.com.sg Singapore QUESTION: How do you know carrots improve your eyesight? Answer: Because rabbits don't wear glasses. Instead of the usual staid subjects of engine reliability and chassis settings that drivers usually talk about as they head into a race weekend,
        LUDWIG ILIO  -  645 words
    • DINING
      • 751 37  -  Jaime Ec The action may all be at the race track this weekend, but there's plenty of action in kitchens around town too with guest chefs adding zip to some restaurant menus Jason Atherton at Gordon Grill Goodwood Park Hotel 22 Scotts Road S 6730-1744 Until Oct 1
        751 words
      • Article, Illustration
        657 37  -  Geoffrey Eu Damon Amos at The Prime Society 10 Dempsey Road, #01-20 S 6474-7427 www.theprimesociety.com SINCE it opened in July last year, The Prime Society's objective, stated right on the menu, was to become a steak restaurant "dedicated to the upper cut", "serving meat of the highest
        YEN MENG JIIN  -  657 words
      • 306 37 With Sandra Sau-Yu Wong Solicitor in Hong Kong FORGET Sofia Coppola's film. You are at Park Hyatt Tokyo (www.parkhyatttokyo.com) for the glorious panoramic sunrise over Shinjuku, the inviting pool, the best delicatessen and the immaculate park rooms. The moment the lift-doors open revealing the tranquil bamboo courtyard with its
        306 words
      • 631 38  -  Geoffrey Eu The food at Loh Lik Peng's sleek new Jing certainly suits its upscale locale, but feels more modern than Chinese. Jing #01-02/03 One Fullerton, 1 Fullerton Rd S3 6224-0088 www.jing.sg NOW that the restaurants at the new look One Fullerton restaurant hub on the
        YEN MENG JIIN  -  631 words
    • ENTERTAINING
      • 863 39 guest chef Ferrari's executive chef Vincenzo Santangelo is the man behind team meals at F1 pit stops everywhere and his motto is "simplify everything". By Amanda de Guzman AS the executive chef of hospitality for the Ferrari Marlboro team, Vincenzo Santangelo has had to whip up multi-course
        863 words
    • TRAVEL
      • Article, Illustration
        1250 40 An extraordinary convoy of supercars recently drove to Malaysia under a Franck Muller banner, and it was a rally to remember. By Geoffrey Eu m^^^. RIVING 1,800 kilo- metres in three days across the V length and breadth of Malaysia may not be everyone's m m idea of
        1,250 words
    • SHOPPING
      • 1798 41  -  Cheah Ui-Hoon Audrey Phoon Cheah Ui-Hoon Audrey Phoon Time-starved shoppers will be pleased to find more retailers developing the one-stop shopping concept Fu Yuan The Wedding Shop 32 New Market Road Food Centre #02-1098 and #02-1158 a 6334-9056 A YOUNG couple who wants to have a
        YEN MENG JIIN JOSEPH NAIR  -  1,798 words
    • HOME & GARDEN
      • Article, Illustration
        1028 42 personalspace Racingfan Gregory Teo keeps his home minimalist, indulging only in afewfavourite elements his race trophies, a marble bar, and his beloved cars. By Corinne Kerk IT is a nondescript corner terrace house near Katong. But while the other houses on the same row sport identical green
        ARTHURLEE  -  1,028 words
      • Article, Illustration
        534 42 With Cynthia Chua Managing director, Spa Esprit Group CHECK into Soho hotel. I have stayed in many hotels in London but Soho hotel has a vibe that I can relate to. It is built from a former car park space with a design ethic that fused eclectism with modernism.
        AP  -  534 words
      • Article, Illustration
        277 42 With Lucy Pang Remisier, DBS Vickers Securities I USUALLY stay at the Conrad because it's conveniently near Pacific Place, which has a variety of shopping malls, and restaurants, as well as an MTR station. I like the breakfast at the Conrad. I also like Kova at Pacific Place;
        277 words
    • WEEKEND WITH
      • 1063 43  -  Audrey Phoon For one lover of haute horlogerie, watch collecting is a noble way of showing appreciation for the finer things in life. By I WEEKEND I WITH BEHROOZ SARAFAZ OILFIELD INVESTOR WITH the overhanging credit crisis forcing the economy on its hunkers, many would not consider
        1,063 words
    • HEALTH
      • Article, Illustration
        1039 44 Forget body wraps and aromatherapy massages. The hair spa is the new spa. Cheah Ui-Hoon checks out two new places in town that offer a relaxing above-the-shoulders experience Komachi Hair Cult 177 River Valley Road #02-07 Liang Court *****-9432 www.komachihair.com ARTISTIC director for Komachi Maeda Toshikazu was so
        1,039 words
    • GOLF
      • Article, Illustration
        1006 45 Nineteen-year-old Yani Tseng's LPGA Championship win was no fluke. By Justine Moss WORLD No 1 Lorena Ochoa is a notable exception, but in recent years a significant number of non-US winners on the LPGA Tour have been from South Korea. While there hasn't been a major shift this
        AP  -  1,006 words
    • SPORT
      • 778 46  -  Ronnie Lim no holds barred ronnie@sph.com.sg Energy Editor BY now, almost everyone here should know if only from the traffic snarls around Marina Bay that Fl is in town. But are you feeling left out of the party? The Fl buzz seems conspicuously absent in Orchard Road
        778 words
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    • 106 36 fta. The piece of enormous twelve-eyed Gzi with (Length 7cm) well delineated pattern strong ecllon colour is the most perfect shape that I have Precious gems, ever seen. Besides symbolising luck, wealth jewellery ethnics peace, this Gzi is also a precious amulet. It is a gold and silver rare piece
      106 words


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    • 817 38 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant Jacques and Laurent Poucel is set to take sum, porridge and desserts all served to Level 35, Grand Tower the region by storm. Andre regales diners your table, for a well worth price of Pan Paclflc Singapore Meritus Mandarin Singapore with a
      817 words