The Business Times, 3 November 2007

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Total Pages: 22
1 22 The Business Times
  • 24 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 202/12/2006 November 3-4,2007 online at http://business-times.asial.com.sg
    24 words
  • 896 1  -  ARTHUR SIM she enthuses. For those who find beachfront living in Spore costly, there are options in Bali, Phuket [SINGAPORE] Don't let your dream of owning a beachfront home get washed away by rising prices. Sure, an exclusive beachfront home
    she enthuses.  -  896 words
  • 381 1  -  R SIVANITHY STI, Hang Seng dive as multiple US fears spook investors By [SINGAPORE] Wednesday's US interest rate cut now appears to be a distant memory, replaced by earnings concerns, sub-prime losses and inflation fears all of which combined to send Wall Street
    Bloomberg  -  381 words
  • MARKETS DIGEST
    • 29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.50 INDONESIA 15.692 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.50 CANADA 6.25 SWITZERLAND 4.03 INDIA Source: 12.75 Bloomberg
      12.75 Bloomberg  -  29 words
    • 45 1 Friday 1,397.48 lange -11.68 I COMP IIKKEI 225 16,517.48 -352.92 IANG SENG 30,468.34 -1024.54 ;et INDEX 894.34 -8.39 JAKARTA COMP 2,710.62 +5.96 IANILACOMP Closed ;eoulcomp 2,019.34 -43.80 ;henzhen B 784.17 -0.16 IUMBAI IND 19,976.23 +251.88 12N00NEDT Change 13,513.16 -54.71 )OW IAS DAI 2,793.65 -1.18
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    • 39 1 IS$ (S$ )er US$) 1.450 (USS/SS )er£) 2.082 3.020 ;URO(US$/S$/E) 1.447 2.098 'EN 114.50 79.00 3.342 2.304 IK$ 7.763 5.352 !AHT 33.99 23.44 IUPIAH 9,138 6,300 IENMINBI 7.457 5.141 INDIAN RUPEE 39.37 27.14 1.088 0.750 IZ$ 1.311 0.904
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 55 1 vr _>^_y W«PP^C"'JT FOOD RAFFLES MOTORING H^% I CORPORATE l^^^^SS* The art of CONVERSATION A home-grown race HS^I RESULTS making cakes Nobel laureate Michael team to root for ijj Sing Land Q3 earnings page 22 Spence PAGE 3 PAGE 16 :f \l* mB up3o% PAGE 4 TERMINAL 3 A peek
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  • TOP STORIES
    • 580 2  - Oil price spike it's the dollar, not the supply i RONNIE LIM Insiders see push towards US$lOO despite little change in market conditions [SINGAPORE] The spike in crude oil prices to over US$96 a barrel in US trade on Thursday placing the US$lOO marker well in sight reflects the weakness
      580 words
    • 638 2  -  LAUREL TEO INDONESIA TELCO MONOPOLY HEARING Counsel lay out ownership structure in final hearing in Jakarta THE question of why an an-ti-trust investigation here is focusing solely on Temasek Holdings and its subsidiaries to the exclusion of other sovereign
      638 words
    • 594 2  -  CONRAD TAN [SINGAPORE] Nobel Peace Prize laureate Muhammad Yunus believes Singapore is "a good place" to start more businesses with a social objective. "Creative ideas are thriving here, but for personal reasons... now widen it for the common good of the people,"
      AFP  -  594 words
    • 416 2 -AP Only 7 copies of the handwritten book have been made [LONDON] J X Rowling has completed her first book after her wildly popular series on teen wizard Harry Potter an illustrated collection of magical fairy stories titled The
      -AP; AP  -  416 words
    • THREE-MINUTE DIGEST
      • 81 2 SINGAPORE Land and its parent, United Industrial Corporation, have reported higher third-quarter earnings. For the three months ended Sept 30, Sing Land posted a 30 per cent increase in net profit to $30.1 million, on the back of a 27 per cent gain
        81 words
      • 66 2 VENTURE Corporation has posted a 29.4 per cent rise in third-quarter net profit to $77 million, despite reduced orders from a major customer and $8.4 million in charges linked to foreign exchange and collateralised debt obligations. For the quarter ended Sept 30, revenue
        66 words
      • 55 2 DAYEN Environmental yesterday issued a profit warning ahead of the release of its financial results for the year ended Sept 30. The company said that it would register a loss for the year "due to provisioning for foreseeable losses for
        55 words
      • 55 2 GREAT Eastern Holdings' third-quarter net profit has risen 11 per cent to $124.4 million. This raised net earnings to $402.3 million for the first nine months, up 34 per cent, putting it on track to reach its full-year profit target of $500
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      • 59 2 EMPLOYERS and the government should follow the labour movement and set up an expert group in the push for re-employment of older workers, says former labour chief Lim Boon Heng. "The expert groups should meet regularly to review experiences, identify road blocks and
        59 words
      • 64 2 INDIA is clearly heading towards a more open capital account and there is no question that more financial sector reforms are necessary. And while the pace of growth in recent years had surprised, average growth may only slightly increase to 9 per cent
        64 words
      • 63 2 BARCLAYS fell the most in almost three months in London trading, leading European bank stocks lower for a second day, on concerns about further losses from fixed-income trading and leveraged-loan writedowns. The shares declined as much as 8.7 per cent before trading down 6.6
        63 words
      • 45 2 AN unscripted one-day simulation to emphasise the narrow gap between world oil production capacity and demand, and the heavy US dependence on oil imports has bared the United States' growing inability to lead in global crises. WORLD, PAGE 14
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  • Page 2 Advertisements

  • THE RAFFLES CONVERSATION
    • 2301 3 VIKRAM KHAN NA meets Nobel laureate Michael Spence, who straddles the worlds of academia and business IT'S rare enough to meet a Nobel Prize winning academic, but even rarer to meet one who's actively engaged in the real world of business, who can speak the language
      ARTHUR LEE  -  2,301 words
    • 98 3 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through the highest
      98 words

  • COMPANY NEWS
    • 464 4  -  KALPANA RASHIWALA Sing Land's net earnings 30% higher at $30.1 m, UlC's 43% up at $25.4 m SINGAPORE Land (Sing Land) and its parent company United Industrial Corporation (UIC) have both reported higher third-quarter earnings. For the three months ended Sept 30, Sing Land
      464 words
    • 348 4 WINSTON CHAI By DESPITE reduced orders from a major customer and $8.4 million charges linked to foreign exchange adjustments and collateralised debt obligation (CDO) investments, Venture Corporation achieved a 29.4 per cent rise in third-quarter net profit to $77 million. For the quarter ended Sept
      348 words
    • 7569 4 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 1.109/ Star Europe Bond 1.206/ Star Europe Bal 1.277/ Star Asian Tiger Eqty 1.895/ Star Asia Bond 1.259/ Star Asia Balanced 1.115/ Star Global Technology Fund!" 0.245/ Multi St Fd 0.955/ Star Asia BondfUSD 0.87/ Gib Multi St USD
      7,569 words
    • 375 5  -  GENEVIEVE CUA Nine months' net reaches $4023 m, on track to hit $500 m full year target GREAT Eastern Holdings' third-quarter net profit rose 11 per cent year-on-year to $124.4 million. This raised its net earnings to $402.3 million for the first
      375 words
    • 293 5  -  CHOW PENN NEE DAYEN Environmental yesterday issued a profit warning ahead of the release of its financial results for the year ended Sept 30. The water-treatment company said it will register a loss for the year "due to
      293 words
    • 375 5  -  LYNETTE KHOO CH Offshore's net profit for its first quarter ended Sept 30 slipped US$4.l million or 25.4 per cent from a year ago to U5512.12 million. The fall was caused mainly by a US$3.B million or 33 per cent drop in gains
      375 words
    • 501 5  -  R SIVANITHY STOCKS AT the risk of flogging an overused cliche, this was a week that began with a bang but ended with a whimper. Thanks to supposedly high spirits on Wall Street that infused sentiment throughout the globe, the Straits Times
      501 words
    • PERSONAL INVESTMENT
      • Article, Illustration
        1007 6  -  MATTHEW PHAN INITIATING with an "overweight" rating and $2.00 price target: China Milk is one of the best plays on resource productivity, with a cattle herd boasting the best composition of pedigree bulls and cows in China. Its scale and efficiency ensure an unchallenged supply of raw milk,
        Bloomberg  -  1,007 words
      • 403 6 Growth or value? Selected SGX companies' forecast earnings and price-earnings ratios MARKET CURRENT PRICE LAST CAP PE TO BOOK PRICE ($'m) (x) RATIO (x) ESTIMATED EPS THIS YEAR FORECAST EPS ESTIMATED ESTIMATED PEG.ORPE ESTIMATED FOR NEXT EARNINGS GROWTH NEXT YEAR'S TO GROWTH RATIO LONG TERM YEAR($)
        403 words
      • 1029 6  -  TEH HOOI LING Numerous studies have shown that over long periods, value investing outperforms growth investing on average but value stocks today are starting to look overpriced BETWEEN 2000 and today, the MSCI World Value Index outperformed the MSCI World Growth Index by about
        1,029 words
      • 972 6 For week beginning Oct 29 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) SNFCorp 1-Nov-07 Lim Keng Hock Buy 70 na ***** 7.85 ***** 7.89 PacShip i-Nov-07 Pac Intl Lines
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    • 423 7  -  ARTHUR SIM Latest joint ventures involve villa and condominium developments KEPPEL Land has entered into two separate joint ventures (JV) to build a luxury villa development and a condominium development in Vietnam. This takes the number of projects in Vietnam
      423 words
    • 293 7 Bloomberg ST ASSET Management Ltd, a unit of Singapore investment company Temasek Holdings, will manage a US$344 million Asian collateralized debt obligation (CDO) to be arranged by Lehman Brothers Holdings Inc, according to Moody's Investors Service. The value of the CDO will be
      – Bloomberg  -  293 words
    • 88 7 Reuters HANOI] Japan's Orix Corp and Singapore real estate ieveloper UOL Group have established a venture with a Vietnamese company to invest US$233 million in a hotelaffice complex in Hanoi, state media reported. The renture with ceramic maker Viglacera won an investment icence from the
      Reuters  -  88 words
    • COMPANY BRIEFS
      • 26 7 MARCO Polo Marine's initial public offering of 53.55 million new shares at 28 sents each was about 23.3 times subscribed.
        26 words
      • 49 7 SNF Corporation is proposing to acquire up to 75 per cent of Taiwan-incorporated Multi Electron Optronics Co Ltd (MEO). SNF will pay for the acquisition by issuing shares amounting to $8.25 million to MEO founders Hwang Hao Ping and James YC Lee.
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      • 52 7 SINGAPORE Technologies Engineering ;ST Engg) yesterday announced the induction of the first All Nippon Airways' Airbus A3 20 family of aircraft into Shanghai Technologies Aerospace Company (Starco), the Shanghai maintenance, repair and overhaul facility of ST Engg's aerospace arm, Singapore Technologies Aerospace. ANA is Starco's first
        52 words
      • 71 7 MULTI-CON Systems is buying a 75 per cent stake in energy conservation company CEE Tech and Management Pte Ltd for $41.3 million. The acquisition will be funded by the issue of 154.8 million shares priced at 15 cents each and $8 million cash, a $3
        71 words
      • 44 7 SIA Engineering Co has signed a memorandum of understanding with Saigon Ground Services, a division of the Southern Airport Authorities, to form a line maintenance joint venture at Tan Son Nhat International Airport in Ho Chi Minh City, Vietnam.
        44 words
    • 159 7 Q3 and 9-month results ended Sept 2007 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) COMPANY CURRENT PREVIOUS %CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS %CHNG CURRENT PREVIOUS %CHNG Great Eastern 124.40 112.40 10.7 2235.90 1864.20 19.9 402.30 301.00 33.7 6757.00 5693.50 18.7 Venture Corp 76.33
      159 words
    • 1133 7  -  Bold steps in succession planning put KepFels Brasil ahead, VINCENT WEE reports I F you leave a place I and it fails because I you're not around, I you've failed." This I is the guiding principle behind much of what Keppel Fels Brasil deputy chief
      1,133 words
    • 389 7  -  VINCENT WEE A SUCCESSFUL example of Kepfels Brasil's localisation policy is clearly seen in the case of new quality, health, safety and environment manager Luiz Queiroz. Having worked with Setal, the company that Kepfels Brasil previously had a partnership with, for 22 years, he was
      389 words
  • Page 4 Advertisements
    • 31 4 Allianz Global Investors one of the world's largest asset managers with more Allianz (jji) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors company regn. no *****7169Z
      31 words

  • Page 5 Advertisements
    • 208 5 J lks CchtJra£ttuz£uHu 2008 are l y SINGAPORE 00^^ ■bg II I vi r "I ■^V 1 flfl FRANKLAND I IHSICMI LJI! IHSICMI l^^^^l ■ll» to J..l™ ESTATE -t^<o«_ t^tj H P H I I GOLD AWARD WINES Bruno Paillard Premiere Cuvee BrutNV, France Two Hands Bella's Garden Shiraz 2005,
      208 words


  • Page 7 Advertisements
    • 320 7 GIVE ME MY CASH BACK! PLUS a chance to SH QP FOR FREE! Don't miss out on our fantastic CASHBACK* offer! With every purchase at Lorenzo, you'll get an immediate CASHBACK* of up to $500 OFF the usual price, PLUS a chance to SHOP FOR FREE+! So hurry on down
      320 words

  • SINGAPORE NEWS
    • 1039 8  -  YEN SREENIVASAN Built at a cost of $1.75b, the terminal will open for operations on Jan 9 WHILE the Airbus A3BO superjumbo has grabbed the headlines of late, the spotlight will soon fall on the terminal from which
      LIMWUI LIANG/THE STRAITS TIMES  -  1,039 words
    • 173 8 DP INFORMATION Group las inaugurated an award which recognises small md medium-sized snterprises reporting autstanding business growth. DP said the SME Growth Excellence Recognition ranks more ;han 700 SMEs based on ;heir improvements in 3ither one of four areas ;urnover, net profit, credit "atings and
      173 words
    • 140 8  -  ARTHUR LEE THE Substation launched its "Click for Art" online auction of over 90 items for its annual fundraiser on Thursday where it hoped to raise at least $75,000. Every year, about 200 participants in a variety of arts benefit from Substation support
      ARTHUR LEE  -  140 words
    • 374 8  -  LYNETTE KHOO FOOD from Singapore is gaining popularity with Americans, who are increasingly aware of Singapore's food scene through portrayal in popular media by American food critics and personalities. The United States is a growing market for Singapore food and beverages. It
      374 words
    • 580 8  -  RONNIE LIM SINGAPORE has finally clinched its first new "niche" oil refinery in the form of a US$4OO million condensate splitter being built by Jurong Aromatics Corporation (JAC) a consortium which includes oil traders for its US$2 billion petrochemical complex on
      580 words
    • 431 9  -  CHUANG PECK MING Boon Heng urges employers, govt to take labour movement's lead EMPLOYERS and the government should follow the labour movement and set up an expert group in the push for re-employment of older workers, says former labour chief Lim Boon Heng. Some
      431 words
    • 286 9  -  ARTHUR LEE FIFTEEN children from the Assisi Hospice will celebrate Christmas early today. Pastry chef Winnie Goh with 15 hospice volunteers and another 10 from Pan Pacific Hotel helped ensure the children had a memorable outing as they decorated gingerbread men, followed
      ARTHUR LEE  -  286 words
    • 448 9 BTttH A BT-FRASERS CENTREPOINT MALLS JOINT PROMOTION WE bring you a gastronomical delight like no other this week as the BT Bonus Issue series comes to a close. Make a trip to Zhou's Kitchen at Anchorpoint, where old recipes and new favourites meet in a
      448 words
    • 402 9  -  ARTHUR SIM JTC says net allocation rises 29% q-o-q in Q3 JTC's ready-built facilities are proving particularly popular, with net allocation up by 29 per cent quar-ter-on-quarter to hit 75,100 sq m in the third quarter of this year. Occupancy rates were in turn pushed
      402 words
    • 478 9 THE Housing Development Board has made a 99-year leasehold condo site at the corner of Lorong 2/3 Toa Payoh available for application under the reserve list. The 1.4-hectare plot can be developed into a project of about 530 units averaging
      478 words
  • Page 8 Advertisements
    • 336 8 IN THE MATTER OF I^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ thecompanibact,cap.so 1 sf Software Corporation Ltd IN s H«fiIpTELTD 0|: Extraordinary General Meeting Company Registration No. I 1 1 *****0465H Date 9 November 2007 [In Members' Voluntary _"TT Winding-Up) Tlme 93Oam Venue NUSS Kent Ridge Guild House NOTICE OF FINAL MEETING Dalvey Room 11,9 Kent
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  • Page 9 Advertisements
    • 518 9 Centiluon Environment Recycling CENTILLION ENVIRONMENT RECYCLING LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6445 M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBYGIVENthatanEXTRAORDINARYGENERALMEETING ("EGM") of Centillion Environment Recycling Limited (the "Company") will be convened on 23 November 2007 at 2 p.m. at International Convention Exhibition Centre, 1
      518 words
    • 0 9
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  • MALAYSIA
    • 277 10 -Reuters Price hike follows 70% surge in cost of wheat flour globally; inflation seen rising [KUALA LUMPUR] Malaysian bread makers have raised prices by between 10 and 25 per cent following a sharp rise in flour costs, company officials said yesterday, adding to
      -Reuters  -  277 words
    • 175 10 Reuters Planned RM4b resort won't have gaming licence, says COO [KUALA LUMPUR] Malaysian developer and leisure firm Landmarks Holdings has no plans to set up gaming operations for its proposed RM4 billion (551.74 billion) resort on Indone- sia's Bintan island, The Edge Financial Daily said yesterday,
      Reuters  -  175 words
    • 180 10 Reuters [KUALA LUMPUR] Malaysian power utility Tenaga Nasional Bhd hopes its pact with Turbo Care SpA will win it 5 per cent of Asia-Pa-cific's US$6OO million power maintenance market, the Malaysian firm said yesterday. State-controlled Tenaga said its subsidiary TNB Repair and Maintenance
      Reuters; BLOOMBERG  -  180 words
    • 116 10 Bloomberg [KUALA LUMPUR] Air Asia Bhd said it aims to proceed with a proposed joint venture in Vietnam, where the government on Thursday objected to a state company partnering with South-east Asia's biggest budget airline. "We're not giving up," Air
      Bloomberg  -  116 words
    • 8462 10 Transaction date: Nov 2 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E M Cap Smil Company 3.5 2 5716 1st Software 22 8 3148 STelecom 34 17.5 5834 A-Sonic 104 98 6389 ABF SG
      8,462 words

  • INDONESIA
    • 665 11 LATWP Responses range from advice for him to keep his day job to 'mild' apathy [JAKARTA] With the next election two years away, it's a little early to be wooing voters with love songs. So when President Susilo Bambang Yudhoyono released a CD
      LATWP  -  665 words
    • SGX
      • 56 11 Chasen 181,932,000 DBS Gri 385,681,600 Memstar 140,127,000 UOB 183,034,613 ARA 107,567,000 Sin iTel 143,260,265 Lian Ben 37,832,000 ARA 135,677,660 Yan. |ZL ian 37,832,000 litaLand 95,978,950 El-Nets 37,785,000 SGX 95,100,300 Sin iTel 36,638,000 Yan. lzi. ian 89,298,360 SNFCori 33,274,000 Cosco Cor 85,299,300 JiutianC 33,201,000 Cit' lev 79,837,88. DBS
        56 words
      • 106 11 BY CENTS BY PERCENTAGE CLOSE UP CLOSE UP Asia Pac Brew 1400 50.0 3.7 HSI ***** DB EPW0712 3 100.0 1.5 China Milk 132 12.0 10.0 STI3400SGAePW*****9 12 60.0 4.5 Broadwa' 112 10.0 9.; Sunmoon 1.5 50.0 0.5 Creative Tech 625 10.0 1.6 DBSBNPePW*****9 6.5 44.4 2.0 MTi Con
        106 words
      • 119 11 BY CENTS BY PERCENTAGE CLOSE DOWN CLOSE DOWN iBSGri 2160-100.0 -4.4 Cit' SGAeCW*****9 2.5 -76.2 -8.i China H 10US$ 2520 -87.0 -2.3 AscendasSGAeCW*****6 -57.1 -4.0 Jardine C&C 2190 -70.0 -3.1 VibroPwrW*****2 3.5 -53.3 -4.0 JSH 1650 -58.0 -2.4 NIKKEI225 ***** DB E 1.5 -50.0 -1.5 Ome< laNav 2800 -50.0
        119 words
    • 82 11 MAIN Up Down Unch 2 14 2 SDQ Up Down Unch 0 0 0 TOTAL Up Down Unch 2 14 2 Multi Ind Manufacturim 34 117 61 25 16 38 142 77 Commerce 45 20 12 11 57 25 itor/ lomms Finance 25 25 Construction 15 'ro|
      82 words
    • 130 11 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 30,689 30,689 134,769 134,769 Manir facturing 396,639 100,519 497,158 524,155 19,512 543,667 Commerce 81,494 44,644 126,138 87,619 13,658 101,277 Tpt/Stor/Comms 135,265 1,595 136,860 449,461 1,241 450,703 Finance 164,953 149 165,102 895,818 19 895,837 Construction 110,212
      130 words
    • 226 11 Stock name Wt Close Chani Stock name Wt Close Chani Allgreen 0.45 1.610 +0.010 NOL 0.86 4.980 -0.320 Ascendasreit 0.87 2.590 -0.040 Noble Grp 0.70 2.320 -0.020 CapitaComm 0.50 2.630 -0.040 OCBC Bk 8.12 8.850 -0.150 Capita Land 4.77 7.900 -0.300 Olam 0.60 3.280 -0.160 Capita
      226 words
    • 3091 11 BONDS WARRANTS Tel Code Com| Last Sale +orPrem Expiry Vol Conv Exer Disc Gear- Mths COOP) Ratio Price ing Left >air 2036 Advance SCT Ltd W*****9 41.5 2227 Ascendas REIT SGA ECW*****6 3 8798 Ascendas REIT SGA ECW*****3 32 8756 Asiatic Grp (H) Ltd W*****2 9 2878 Aztech Systems W*****6
      3,091 words
    • 2361 11 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum all
      2,361 words
    • 82 11 52-Wk Tel High Low Code Last Sale Vol COOQ) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E Sinil Comi >an' Hii 119 119 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO *****
      82 words
    • 71 11 52-Wk Tel High Low Code Last Sale Vol COOP) Day Last Quote |h Low Buyer Seller Div GrYld C'vr Net MCap P/E Sinil Comi Hii 141 105 6000 AVJennings 21.5 5 6134 Over&Gen 64 15.9 6017 StarCruises 320 179 6019 TanChonglnt A118 A14 US42 -1 HK272.5 undl *****
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  • GREATER CHINA/INDIA
    • 335 12 Reuters Growth for next five years expected at 9%, says top official [NEW DELHI] India is clearly heading towards a more open capital account and there was no question that more financial sector reforms are necessary, a top government official said in an
      Reuters  -  335 words
    • 324 12  -  UMA SHANKARI They note with satisfaction rise in trade investment since CECA in 2005 By in New Delhi MINISTER Mentor Lee Kuan Yew called on Indian Prime Minister Manmohan Singh and External Affairs Minister Pranab Mukherjee in New Delhi yesterday as
      RAYCHUA/LIANHE ZAOBAO  -  324 words
    • 141 12 -AFP [SHANGHAI] PetroChina said yesterday that it will begin trade on the Shanghai bourse on Monday after raising nearly US$9 billion in the nation's largest ever initial public offering (IPO). China's biggest oil and gas producer said that three billion shares of the retail
      -AFP  -  141 words
    • 291 12 Reuters [BEIJING] China plans to reform the way it taxes and spends to spread wealth more evenly in a country wracked by growing inequality. The plan is to streamline tax collection, currently split between two bodies, and to cut the layers of government that are
      Reuters  -  291 words
    • 2374 12 VOL C000) Iov2 RM \&M Realty 0.97 \bricBhd 0.28 \dvance Synergy 0.36 \dventa Bhd 1.62 \eMulti Hldgs 0.29 Win Holdings 3.02 \hmad Zaki Resou 6.05 \ic Corp 0.60 ijrasia Bhd 1.94 \kn Messaging Te 0.19 \kn Technology 0.75 \lliance Financi 2.97 \luminium Co 1.28 \malgamated Ind 0.54 \minvestment
      2,374 words
    • 242 12 Bloomberg. [HONG KONG] Hong Kong will have 63 per cent more millionaires by 2011, with their wealth growing faster than peers in Singapore, says London-based business information provider Datamonitor. The number of Hong Kong residents with more than US$l million of liquid assets in
      Bloomberg.  -  242 words
    • 105 12 Bloomberg [BEIJING] China, the world's second-biggest energy consumer, plans to spend 450 billion yuan (5587.5 billion) on nuclear power plants by 2020 to meet rising demand and cut reliance on coal and oil. The investment will boost nuclear power generation capacity in
      Bloomberg  -  105 words
    • 351 12 Bloomberg [BEIJING] China's National Council for Social Security Fund, the government's pension fund, declined to comment on a newspaper report that it has been instructed to reduce its equity holdings within a month. The pension fund must sell at least 30
      Bloomberg  -  351 words
  • Page 12 Advertisements

  • ASIA-PACIFIC/WORLD
    • 607 13 Bloomberg It leads European bank stocks lower for a second day on fears of more losses [LONDON] Barclays fell the most in almost three months in London trading, leading European bank stocks lower for a second day, on concerns about further losses from fixedincome
      Bloomberg; BLOOMBERG  -  607 words
    • 464 13 Reuters [WASHINGTON] US employers added a surprisingly strong 166,000 new non-farm jobs in October, well ahead of forecasts in an early sign that consumer incomes may be better supported than thought heading into the fourth quarter, according to a government report
      Reuters  -  464 words
    • 357 13 Reuters [DETROIT] Chrysler LLC said on Thursday that it would cut up to 10,000 hourly jobs over the next 14 months as it slashes production in North America and eliminates four slow-selling vehicles from its product line. The sweeping job
      Reuters; AP  -  357 words
    • 323 13 Reuters [LONDON] The British government has spent half a billion pounds in a failed attempt to boost reading standards in primary schools in England, an academic report said yesterday. The independent study said the government's National Literacy Strategy had
      – Reuters  -  323 words
    • 366 13  -  ANTHONY ROWLEY Jitters may further lower US interest rates, dollar value FINANCIAL and economic fallout from the sub-prime mortgage crisis in the US will continue for a long time and will lead to further significant falls in US interest rates and in the value
      366 words
    • 252 13 Reuters [NEW YORK] Bear Steams Cos Inc chief executive Jimmy Cayne denied he "engaged in inappropriate conduct" after a Wall Street Journal article said on Thursday he smoked marijuana with a woman in a Memphis hotel bathroom. The newspaper cited unidentified sources to describe
      Reuters  -  252 words
  • Page 13 Advertisements
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  • WORLD
    • 790 14 AFP Exposed: military's incapacity to project its power over multiple regions [WASHINGTON] It's August 2009, oil prices have topped US$l5O a barrel and a secret uranium plant has been detected in Iran. Teheran and Caracas are slashing oil exports by 700,000 barrels to punish
      AFP; AP  -  790 words
    • 254 14 Reuters [NEW YORK] In a bid to cut its exposure to mortgage-backed securities, Merrill Lynch Co engaged in deals with hedge funds possibly designed to delay its heavy losses, the Wall Street Journal reported yesterday in its online edition, citing sources close
      Reuters  -  254 words
    • 557 14 -AFP [WASHINGTON] The number of foreign visitors to the United States has plummeted since the Sept 11 attacks on New York and Washington because foreigners don't feel welcome, tourism professionals said on Thursday. "Since Sept 11, 2001, the United States has experienced a
      -AFP  -  557 words
    • 406 14 Bloomberg [LONDON] British Airways pic has reported first-half profit growth that trailed analyst estimates and lowered its sales forecast because of the US dollar's decline. Net income for the six months through September rose 52 per cent to £478 million
      Bloomberg; BLOOMBERG  -  406 words
    • 954 14 NYT [NEW YORK] When Federal marshals snapped the metal handcuffs around his wrists behind his back and led him away on a chilly December day in 2000, hedge fund manager Michael L Smirlock wondered if his life was over.
      NYT  -  954 words

  • PULSES TRADE LAUNCH
    • 382 15 The trade launch of Pulses on Wednesday provided industry players with a sneak preview of the magazine's new concept and content THE Business Times (BT) has reached a major milestone as it takes over the production of monthly investment magazine Pulses, the first edition of which will
      YEN MENG JIIN  -  382 words
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  • MOTORING
    • 961 16  -  DRIVING STYLE TaraDTM, a family-run Formula V6 outfit, fuels hope of a future Singaporean Fl driver, reports GEOFFREY EU THE three-ring racing circus known as Formula One does not land here for another year, but motorsports fans may be interested to know that
      961 words
    • 595 16  -  CV CHEW IT MIGHT have been the best-selling car in the world at one time but in recent years, the Honda Accord has been struggling especially in Singapore to keep up with the competition. Back in the 1980s and *****, it had been the class leader
      595 words
    • 484 16  -  SAMUEL EE THE term "entry-level" doesn't usually come with big hopes and great expectations, especially when it is prefixed to a car. If anything, being "more accessible" comes with connotations this is one model you don't want to be seen choosing. But in the case of the
      ST FILE PHOTO  -  484 words

  • GOLF
    • 1243 17  -  Els misses the cut, but Mickelson, Scott and Cabrera well placed for weekend battle, reports JUSTINE MOSS THE biggest event on the local golfing calendar has arrived and, fittingly, this year's Barclays Singapore Open at the Serapong Course in Sentosa Golf Club is both
      EDWIN KOO/ST  -  1,243 words
  • Page 17 Advertisements
    • 899 17 The Barclays Singapore Open 2007 What: The Barclays Singapore Open 2007 Where: Sentosa Golf Club When: Nov 1-4, 2007 Prize money: US$4 million Defending champion: Adam Scott Tickets: $50 daily ticket for this weekend (includes Sentosa admission and transportation via Sentosa Express or Sentosa Bus. Vehicle entry fee is $2).
      899 words

  • WELLNESS
    • Article, Illustration
      902 18  -  Visceral fat surrounding the vital organs can lead to a host of ailments, reports MELISSA HENG NOT all fats are created equal, it seems. There are two types of fat on the human body, say doctors here the fat just below the skin called subcutaneous fat, and
      AFP FILE PHOTO  -  902 words
    • 546 18  -  With the Standard Chartered Marathon around the corner, remember to stock up on Dead Sea mud, writes CHEAH UI-HOON IF there is one health product I would heartily endorse, it would be Dead Sea mud. My friends and I swear by the "miracle mud", having
      546 words
    • 585 18 NYT GOT organic milk? Switching to organic is tough for many families who don't want to pay higher prices or give up their favourite foods. But by choosing organic versions of just a few foods that you eat often, you can increase
      NYT  -  585 words
  • Page 18 Advertisements
    • 6 18 P^ BI Bfin IB 5E Pipippp
      6 words
    • 54 18 "»I GETTHEBODY Hfc^W -^SSSS YOU WANT IN L^ dining out I TONIGHT? Where to make y™^r^ healthier choices I GET BOOTYUCIOUS NOW! Bottoms that flatter every tush Sculpt the bum you want FREE- fjl ?'i Join us for shopping offers and giveaways at Women's Fair, Marina Square, Nov 2-4. Details
      54 words
  • Page 18 Miscellaneous
    • 287 18 CRYPTIC CROSSWORD ACROSS 4 First-day cover? (3-4) 7 Organise strike that will 5 Prison clique causing trouachieve aim unerringly (6,3) ble (8) 8 Remained, so we hear, so- 6 Fire and unload (9) ber (5) 9 Spend unwisely, being 10 Law agency involved in plot depressed (4) to capture the
      287 words

  • SHOPPING
    • 1320 19 With record export orders scored at the recent Singapore Fashion Week, CAT ONG discovers that an Asian label could become the next big thing T'S an oft-asked question in this part of the world will an Asian name, much less a Singaporean one,
      1,320 words
    • 298 19  -  CHEAH UI-HOON WATCH and jewellery collectors will get to do some serious ogling next week, at Bonhams Hong Kong's preview fair that will showcase 100 watches, 85 pieces of jewellery and 17 Chinese works of art. The total auction value of the items is
      298 words
    • 451 19  -  CHEAH UI-HOON ATHLETIC technology had made its way into everyday shoes, but for now only men get them. American brand Rockport launched its Torsion Suspension shoes on Thursday, which sees Adidas's torsion technology combined with Rockport's own dynamic suspension principles. "This is the first
      451 words

  • PERSONAL SPACE
    • 1170 20  -  Separate spaces for an eclectic attic and a cosy living area in a terrace house sitting along a quaint street make for a fuss-free home, writes CORINNE KERK F you're not familiar with the vicinity of Eng Kong Road in the
      YEN MENG JIIN  -  1,170 words

  • 940 21 SOUTHERN DELIGHTS: A SPECIAL FEATURE ON SENTOSA Whether it's luxury living or fine dining, Sentosa offers the ultimate leisure and lifestyle experiences IMAGINE looking out of your window and be awed by the exquisite view of crystal waters meeting azure blue skies. Imagine indulging in
    940 words
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  • Learning to cook the Raffles wav
    • 696 22 With the growing number of cooking schools and specialist classes in Singapore now, hobby cooks or even serious ones who like to improve their craft are spoilt for choice. The Raffles Culinary Academy reopens with a smashing new look, reports CHEAH UI-HOON, while haute
      696 words
    • 361 22 THANKS to continual requests from their avid customers, The Patissier is finally going to offer some baking classes and demonstrate how they make their famous light and fruity mousse cakes. "We'll have the classes at the basement of our
      361 words
    • 689 22  -  It doesn't come any fresher because the coffee beans are roasted right in front of you at Suntec City, reports CHEAH UI-HOON A REVOLUTION is brewing in the coffee market, restaurateur and coffee maker Anton Wiesmann believes, and he's right in
      ARTHUR LEE  -  689 words
  • Page 22 Miscellaneous