The Business Times, 8 November 2007

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Microfilm: NL28569
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 The Business Times SINGAPORE 85 cents online at http://business-times.asial .com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 202/12/2006 Thursday, November 8,2007
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  • Article
    Lock icon Commodities trading gets electronic legs
    727 1  -  SIOW LI SEN Sicom seeks new Internet-based platform to join the big party that has passed Singapore by [SINGAPORE] Singapore is finally ready to join the big commodity trading party. Sicom, or the Singapore Commodity Exchange, is shaking off the dust to say hello to
    727 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      48 1 Inesday C 1,413.85 Change +24.74 1 COMP IIKKEI225 16,096.68 -152.95 1ANG SENG 29,708.93 +270.80 SET INDEX 880.27 -6.04 JAKARTA COMP 2,713.98 +32.08 1ANILA COMP 3,788.26 +14.63 ;eoulcomp 2,043.19 -11.05 iHENZHEN B 778.77 -1.27 IUMBAI IND 19,289.83 -110.84 12noon EDT Change 13,501.70 -151.10 )OW IAS DAI 2,791.97 -32.99
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    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.25 INDONESIA 15.726 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.50 CANADA 6.25 SWITZERLAND 4.07 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      39 1 IS$ (S$ per US$) 1.443 (uss/ss ier 2.094 3.023 ;uro(us$/ss/e) 1.463 2.111 'EN 113.90 78.90 3.332 2.308 m 7.770 5.384 !AHT 33.97 23.53 1UPIAH 9,120 6,319 1ENMINBI 7.443 5.157 INDIAN RUPEE 39.25 27.20 1.068 0.740 IZ$ 1.274 0.883
      39 words
  • Article
    Lock icon Horizon Towers sale could be timed out by tribunal decision
    694 1  -  MICHELLE QUAH STB says it is not bound to rule by sale completion date; lawsuit looms [SINGAPORE] The Strata Titles Board (STB) tribunal has delivered a startling decision that could spell the end of the en bloc sale of Horizon
    694 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
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  • TOP STORIES
    • Article, Illustration
      Lock icon Market frenzy bulks up SGX CEO's pay to $6.38 m
      629 2  -  LYNETTE KHOO Senior execs' pay revealed for first time; other top guns also get 7-digit sums [SINGAPORE] The bumper year ended June 30 for the Singapore Exchange has translated into bumper pay packages for some of its senior management. And
      629 words
    • Article
      Lock icon Banks don't rule out further CDO losses
      450 2  -  CHOW PENN NEE Analysts applaud OCBC's move, say future write-backs a possibility [SINGAPORE] Local banks are sticking to their positions for now, but concede that more charges could stem from losses arising from collateralised debt obligations (CDOs). This comes on the heels of
      450 words
    • Article, Illustration
      Lock icon US$ slumps as China looks to park reserves elsewhere
      630 2 Bloomberg Greenback is losing status as world currency, says China central bank official [TOKYO! The US dollar slumped to a record low against the euro after Chinese officials signalled plans to diversify the nation's US$l.43 trillion of foreign exchange reserves in
      – Bloomberg; BLOOMBERG  -  630 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Foreign currency gains help lift SingTel Q2 profit
        52 2 SINGAPORE Telecommunications yesterday reported a 3.3 per cent rise in second-quarter net profit to $988 million, helped by foreign currency gains. It also declared an interim dividend of 5.6 cents, up 52 per cent from 3.69 cents a year earlier. COMPANY NEWS,
        52 words
      • Article
        Lock icon ST Engg Q3 earnings rise 9.1% to $125.5m
        53 2 SINGAPORE Technologies Engineering yesterday reported a 9.1 per cent rise in third-quarter net profit to $125.5 million, thanks to improved earnings at its marine and aerospace divisions. Revenues for the group rose 6.6 per cent to $1.24 billion for the quarter. COMPANY
        53 words
      • Article
        Lock icon SCS declares first dividend in two years
        66 2 IN a sign that things are looking up, Singapore Computer Systems Limited yesterday announced an interim dividend of three cents and special dividend of one cent per share as third-quarter net profit more than doubled. This is the first time in two years
        66 words
      • Article
        Lock icon Carrefour eyeing new locations in the suburbs
        58 2 HYPERMARKET operator Carrefour is looking at the eastern and western parts of the island for new store locations. Carrefour Singapore and Malaysia managing director Shafie Shamsuddin said: "We're in the final phase of negotiations with one party and we hope to conclude a
        58 words
      • Article
        Lock icon Ren Ci faces inquiry into 'possible irregularities'
        49 2 REN CI Hospital and Medicare Centre has come under scrutiny for gaps in corporate governance and "some possible irregularities in certain financial transactions", said the Ministry of Health. Ernst Young will conduct a three-month inquiry into the irregularities. SINGAPORE NEWS, PAGE 9
        49 words
      • Article
        Lock icon Wen defends economic policies against critics
        65 2 CHINESE Premier Wen Jiabao has made a rare defence of his economic policies against critics who accuse him of failing to tackle the country's overheated growth. In an unusual public rebuttal of his accusers during a trip to Russia, Mr Wen told a group
        65 words
      • Article
        Lock icon GM posts US$39b Q3 loss on massive writedown
        56 2 GENERAL Motors, the world's biggest carmaker, has reported a US$39 billion third-quarter loss, its largest ever, after writing down US$39 billion of future tax benefits. The loss of U5568.85 per share widened from a deficit of US$l47 million, or 26 US cents,
        56 words
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      Lock icon Page 2 Advertisements Column 1
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      122 words
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  • Page 3 Advertisements
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      64 3 Sheer pml.com.sg Driving Pleasure '<■■::■: I^^^^-p.ss^-1"" BBHBF EsSsiSiSilllrHkf' I /f M t w"^B K^BF J I I* MiM 11! ■■■■■■■■IiHBbBKiIEM 13thSUMMI" ttjj|j|j|MjyjJ|^j^^ SINGAPORE k Performance Motors Limited. Performance Centre, 315 Alexandra Road. Tel: 6319 0100. Sime Darby Centre, 896 Dunearn Road. Tel: 6319 0500. East Coast Centre, 280 Kampong Arang
      64 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Foreign currency gains help lift SingTel Q2 profit 3.3%
      656 4  -  SIOW LI SEN Regional associates continue to deliver double-digit earnings growth SINGAPORE Telecommunications (Sing Tel) yesterday reported a 3.3 per cent rise in second-quarter net profit to $988 million, helped by foreign currency gains. Sing Tel also declared an interim dividend
      FILE PHOTO  -  656 words
    • Article
      Lock icon Lower paid-up capital for wholesale banks mulled
      422 4  -  CONRAD TAN THE Monetary Authority of Singapore (MAS) has published a consultation paper with plans to lower the minimum paid-up capital requirement for local subsidiaries of foreign banks, provided the local unit does not offer retail banking services. Currently, all Singa-pore-incorporated banks are
      422 words
    • Article
      Lock icon OCBC to open Islamic banking unit in M'sia
      451 4  -  CONRAD TAN It is also raising stake in Viet bank for USs2s.sm OCBC Bank has received in-principle approval from Malaysia's central bank to set up an Islamic banking subsidiary there. With the licence from Bank Negara, OCBC said yesterday it can offer
      451 words
    • Article, Illustration
      Lock icon 'Quanta' warrants a useful addition to local market
      696 4  -  R SIVANITHY ON Tuesday, China e-com-merce firm Alibaba.com debuted in Hong Kong to much fanfare, the stock's first-day performance recalling the heady days of the Internet boom by tripling from an offer price of HK513.50 to close at HK539.50. By all accounts
      REUTERS  -  696 words
    • Article
      Lock icon ST Engg Q3 earnings rise 9.1%
      470 6  -  MATTHEW PHAN Results boosted by earnings in the group's marine and aerospace divisions SINGAPORE Technologies Engineering (ST Engg) yesterday reported a 9.1 per cent year-on-year rise in third-quarter net profit to $125.5 million, thanks to improved earnings in its marine and aerospace divisions. Revenues
      470 words
    • Article
      Lock icon Tuan Sing Q3 net slips; 9-mth up 19%
      232 6  -  YEN SREENIVASAN VIAINBOARD-listed Tuan Sing Holdings has declared a net special diviiend of 0.5 cent per share for the financial year ending Dec 31, 2007. Flic company announced this when it unveiled its third-quarter results yesterday. Tuan Sing achieved net profit of
      232 words
    • Article
      Lock icon At a glance
      321 6 Q3 and 9-month results ended Sept 2007 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) COMPANY CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG STEngg 125.49 114.99 9.1 1236.43 1160.20 6.6 357.13 313.24 14.0 3754.69 3230.11 16.2 Allgreen 35.00 22.16 58.0
      321 words
    • Article
      Lock icon Raffles Education Q1 gain rises 57% to $14m
      298 6 RAFFLES Education Corporation has posted an increase of 57 per cent in net profit to $14.7 million from a year ago for its first quarter ended Sept 30. This came on the back of a 45 per cent rise in revenue to
      298 words
    • Article
      Lock icon Millennium & Copthorne Hotels Q3 profit up 7%
      195 6 Millennium Copthorne Hotels Q3 profit up 7% Bloomberg [LONDON] Millennium Copthorne Hotels pic, which runs 112 properties around the world, said third-quarter profit climbed 7 per cent as customers paid more for rooms in New York and London. Net income rose to £28.9 million (5587.5 million), or 9.4 pence a
      Bloomberg  -  195 words
    • Article, Illustration
      Lock icon SCS announces first dividend in two years
      550 6 Q3 profit up 167% to $2.2 m; first 9 mths figure at $7m ByAMITROYCHOUDHURY IN a sign that things are looking up, Singapore Computer Systems Limited (SCS) yesterday announced an interim dividend of 3 cents and special dividend of one cent per share
      FILE PHOTO  -  550 words
    • Article
      Lock icon Fair-value gains help OUE post Q3 profit of $368.7m
      337 6  -  CONRAD TAN OVERSEAS Union Enterprise (OUE) yesterday reported a third-quarter net profit of $368.7 million, reversing an $8.8 million loss a year earlier. The net profit was mainly due to fair-value gains of $198.3 million on investment properties as a result
      337 words
    • Article
      Lock icon DBS, Deutsche make joint bid for TMB issue
      773 7  -  OUR CORRESPONDENT Board's decision will be announced to Stock Exchange of Thailand today DBS Group of Singapore has made a bid jointly with Germany's Deutsche Bank for the shares of Thailand's fifth largest bank, TMB, which has been seeking to recapitalise. Following
      773 words
    • Article, Illustration
      Lock icon UOB launches commercial banking hubs for SMEs
      372 7  -  CHOW PENN NEE UNITED Overseas Bank (UOB) is actively courting small and medium enterprise (SME) customers by launching four commercial banking hubs and remaking some 10 branches to serve these clients. "This will bring the bank nearer to our customers so as to
      372 words
    • Article, Illustration
      Lock icon Kim Eng, Mitsubishi UFJ in tie-up
      669 7  -  YEN SREENIVASAN They will run a Pan-Asian asset mgt operation AFTER a two-decade hiatus, Japanese funds are coming back to this region. At least that appears to be the case, with Kirn Eng Holdings tying up with Mitsubishi UFJ, the securities arm of Japan's
      669 words
    • COMPANY BRIEFS
    • Article
      Lock icon Macquarie Fund buys China expressway stake
      209 7 Bloomberg MACQUARIE International Infrastructure Fund Ltd bought an 81 per cent stake in the Hua Nan Expressway in China for about four billion yuan (*****.8 million), its first toll road investment in the world's fastest-grow-ing major economy. The fund, managed by Syd-ney-based Macquarie Group
      Bloomberg  -  209 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      630 4 PT INTERNATIONAL NICKEL INDONESIA Tbk NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS The Board of Directors of PT International Nickel Indonesia Tbk (hereinafter referred to as "the Company") hereby invites all shareholders to attend an Extraordinary General Meeting of Shareholders of the Company (the "Meeting") which will be held on:
      630 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      372 4 ISg3X PT BERLIAN LAJU TANKER Tbk f*^ (incorporated as company with limited liability under the laws of the Republic of Indonesia and with registered office in Jakarta, Indonesia) Announcement to all Shareholders of PT Berlian Laju Tanker Tbk (the "Company"). The Board of Directors of the Company would like to
      372 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      339 5 Irl' Ira H' nW c The American Express® Singapore Airlines KrisFlyer Gold Credit Card has always been the fastest way to earn KrisFlyer miles. Now it's even faster. Cardmembers are already rewarded with 50% more KrisFlyer miles all year round 1. The great news is that you will now earn
      339 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      160 6 two PPIIZAP&BID at ONLY $30! BUDDY LOVE SEAT (LIMITED DESIGNER PIECE) USUAL PRICE: 4,150 (include 7% gst) gift cards CVfc^^B up for grabs HBP^ this week! m mm Size: 1730 mm x 1400 mm x 900 mm. Warrenty:Three years on the sofa's structure and frame from Think Gallery. For more
      160 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      55 7 Fineart carpet rugs old, new master piece fine motifs. 36 natural pigments in use Legend Dragon Motif, Tiger Motif, Snowlion Motif, Flora Molif, Medallion Motif, Pillar Runner, Saddle Rug, Multiple Rainbow Border Motif. Antiquity Hands Of The Hills Mr Michael 9683 1291 6735 5332 141 Tudor Court, Tanglin Road (Next
      55 words
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      Lock icon Page 7 Advertisements Column 2
      166 7 X,/ 1 WHERE THERE IS NO DIFFERENCE... THERE IS ONLY INDIFFERENCE. With refreshing new surroundings born from creativity, to enhance creativity, Sutera Harbour Resort offers ideal sites to promote team building. Creative outdoor sites include Kinabalu Park, Manukan Island Resort, and Mesilau Nature Resort. www.suteraharbour.com dute^bour RESORT GOLF MARINA- SPA
      166 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Palm oil, Alibaba warrants in play
      565 8  -  R SIVANITHY STOCKS Weak and volatile session sees ST Index track Hong Kong and end 10 points lower STRUCTURED warrants on Hong Kong-listed e-commerce firm Alibaba.com and palm oil plays Golden Agri, Indofood and Wilmar International were the centre of attention in an otherwise
      Bloomberg  -  565 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      108 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch lulti Ind 7 7 5 0 0 0 7 7 5 lanufacturini 48 87 76 12 16 21 60 103 97 Commerce 27 32 18 10 29 42 23 "pt/Stor/Comms 15 12 13 16 14
      108 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 25,520 25,520 151,398 151,398 Manufacturing 471,000 111,051 582,051 601,912 15,877 617,788 Commerce 91,735 11,921 103,656 87,746 3,333 91,080 Tpt/Stor/Comms 109,694 4,395 114,089 340,963 1,953 342,915 Finance 87,278 11 87,289 579,761 3 579,763 Construction 98,595 34,890
      122 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      222 8 Stock name Wt Close Change Allgreen 0.45 1.580 +0.040 Ascendasreit 0.86 2.510 -0.020 CapitaComm 0.48 2.510 -0.070 Capita Land 4.64 7.600 -0.100 CapitaMall 0.87 3.500 +0.020 Chart SemiCond 0.53 1.060 -0.010 CityDev 2.64 14.700 -0.400 ComfortDelGro 1.25 1.890 Cosco Corp 2.29 7.400 Creative Tech 0.17 7.300
      222 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      968 8  -  UMA SHANKARI SMB United Nov 7 close: 550.36 Credit Suisse, Nov 6 SMB United expects to benefit from strong demand for its electrical switchgears, on the back of the construction boom in Singapore, augmented by growth in the replacement market to meet demand from more modern power distribution
      Bloomberg  -  968 words
    • Article, Illustration
      Lock icon Gold and oil boost commodity currencies
      551 8  -  LARRY WEE CURRENCIES SHARPLY higher gold and oil prices combined with a better-looking Wall Street on Tuesday night to lift commodity currency favourites like the Australian and Canadian dollars to yet more multi-dec-ade highs yesterday. Down Under, a 3 per cent surge in gold
      Reuters  -  551 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      3 8
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    • Article, Illustration
      Lock icon UOB SESDAQ INDEX
      3 8
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      48 8 Nov7 VALUE CLOSE -213.00 +59.00 BT OB/OS BT CADI -*****.00 -92.00 BT 10-day MA -*****.00 -21.00 All-SG Equities 1022.09 +0.85 SG Equities Elect 113.83 1.01 SG Equities Fin 2519.81 -28.28 SG Equities Prop 1483.30 -16.20 SIMSCI 447.98 -2.05 SIMSCI Futures 446.30 -2.90 PrimePartnersCI 298.31 -2.21
      48 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Cacola 87,688,000 Sky Petrol 54,105,000 Rowsley 47,646,000 IndoAqri 45,213,000 ARA 42,684,000 Sing Tel 34,881,000 Yonqnam 33,810,000 Ban Joo 30,749,000 Memstar 29,824,000 Golden Agri 28,384,000 VALUE(S) DBS Grp 235,373,750 Sing Tel 138,686,900 UOB 105,810,400 Keppel Corp 102,551,850 IndoAqri 90,045,570 Capita Land 85,026,850 SGX 79,268,350 HK Land 62,200,597
      55 words
    • Article
      Lock icon RISES
      101 8 CLOSE UP GLD 10US$ 8330 375.1 3.2 JMH 2840 101.0 2.5 JSH 1570 57.7 2.6 Kei il Con 1420 30.0 2.2 Wilmar 470 30.0 6.8 IndoAi iri 212 28.0 15.2 Sino-Env 348 22.0 6.7 B Sembawam 1160 20.0 1.8 OCBC Bk4.5%NCPS 100 ***** 20.0 0.2 Venture Con 1430 20.0
      101 words
    • Article
      Lock icon FALLS
      123 8 BY CENTS CLOSE DOWN DBS Gri 2100 -50.0 -2.3 China H 10US$ 2380 -43.3 -1.2 lit 1470 -40.0 -2.6 DBS Bk6% NCPS 10 ***** -40.0 -0.4 'e Land 920 -25.0 -2.6 SC Global 510 -20.0 -3.8 SGX 1500 -20.0 -1.3 STI3300BNPeCW*****9 64 -19.5 -23.4 Creative Tech 730 -15.0 -2.0
      123 words
    • Article
      Lock icon CURRENCIES
      86 8 Where S$ stands Nov 7 CHNG CLOSE FR Nov 6 YR 2007 S$ LOW S$ HIGH USS 1.4412 0.48 1.5479 1.4412® Euro 2.1171 -0.66 2.1254 1.9913 Pounds 3.0291 -0.31 3.1194 2.9323 AS 1.3540 -1.20 1.3555# 1.1741 Yen* 1.2688 -0.52 1.3821 1.2285 Rupiah* 0.***** 0.26 0.***** 0.***** Baht* 4.2451 0.30
      86 words
    • Article
      Lock icon Carbon market needs non-European support
      408 9  - Carbon market needs nonEuropean support MATTHEW PHAN THE global balance of carbon credit supply and demand post-2012 was the fosus yesterday on day two of the Carbon Forum Asia being held in Singapore. European demand for credits will not be sufficient to mop up the supply expected to come onstream
      408 words
    • Article, Illustration
      Lock icon Carrefour eyeing new locations in the suburbs
      506 9  -  KALPANA RASHIWALA It is in final phase of negotiations and hopes to conclude a deal before Q1 2008 HYPERMARKET operator Carrefour, which has just completed a $2 million revamp to make its 10-year-old Suntec City store more upmarket, says it is "very seriously"
      PHOTOS:YEN MENG JIIN  -  506 words
    • Article
      Lock icon Payment for women's eggs being mulled
      500 9  -  CHEN HUIFEN THE Bioethics Advisory Committee (BAC) is of the view that women who donate eggs in Singapore ought to be reimbursed for their altruistic act, but wants to seek public opinion on a level which will be high to compensate people but not
      500 words
    • Article
      Lock icon Katong Hostel wins master lease tender for Tiong Bahru flats
      174 9 THE Housing Development Board (HDB) yesterday awarded the tender for the master lease of 120 three- and four-room vacated flats in Tiong Bahru to Katong Hostel at a tender price of $230,280 per month. The company was the highest of
      174 words
    • Article
      Lock icon E-registration for suppliers of controlled household items
      241 9  -  WEE LI-EN SUPPLIERS of household electrical, electronic and gas products can now register their products online using a new system from Spring Singapore. Suppliers currently register certain regulated household products which meet specified safety standards manually with Spring. These 45 categories of controlled
      241 words
    • Article
      Lock icon Ren Ci faces inquiry into 'possible irregularities'
      468 9  -  CHEN HUIFEN No disruption to patient care services in hospital: MOH REN CI Hospital and Medicare Centre has come under scrutiny for its gaps in corporate governance and "some possible irregularities in certain financial transactions", according to the Ministry of Health (MOH). In
      468 words
    • Article
      Lock icon Small car COE premium rebounds to $16,839
      282 9  -  SAMUEL EE Cat B COE also up by $412 but Cat E premium slips THE COE premium for small cars shot back up yesterday after a relatively long three-week break in between tenders for certificates of entitlement. In the previous bidding exercise, Category
      282 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Bernanke faces tough questions at Congress
      582 10 Reuters ANALYSIS The Fed chief is likely to offer tough talk to investors over more rate cuts [WASHINGTON] Ben Bernanke may not have many soothing words for Wall Street this week, as the US Federal Reserve hammers home its point that it will take
      Reuters; REUTERS  -  582 words
    • Article
      Lock icon ECB seen to leave rates unchanged at 4%
      491 10 -AP [FRANKFURT] European Central Bank (ECB) head Jean-Claude Trichet is stuck in the middle, watching inflation rise and the euro soar, and hearing louder calls for a halt to if not a full-out reversal of the bank's gradual campaign of interest rate
      -AP  -  491 words
    • Article
      Lock icon BURSA MALAYSIA
      2373 10 Iov7 RM C000) \&M Realty 0.95 \bricBhd 0.30 \dvance Synergy 0.35 \dventa Bhd 1.58 \eMulti Hldgs 0.28 Win Holdings 2.99 \hmad Zaki Resou 5.95 \ic Corp 0.62 ijrasia Bhd 1.93 \kn Messaging Te 0.19 \kn Technology 0.74 \lliance Financi 2.98 \luminium Co 1.25 \malgamated Ind 0.54 \minvestment Grp
      2,373 words
    • Article
      Lock icon New CDOs avoid mark to market problem
      606 10 Reuters Accounting for short-term changes in value not needed [LONDON] Select European investors are being offered a new type of collateralised debt obligation (CDO) with a liquidity facility designed to avoid having to account on their books for short-term price volatility. But some
      Reuters  -  606 words
    • Article
      Lock icon Japan foreign reserves at US$954.5b
      407 10 Reuters Funds at record high for 4th month as lower US rates boost value of bonds held [TOKYO] Japan's foreign reserves, the world's second largest, rose to a record U*****.5 billion at the end of October, partly because lower US interest rates boosted the value
      Reuters  -  407 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon RM1.9m suit filed against company, S'pore owner
      412 11  -  S JAYASANKARAN M'sian regulator taking civil action to enforce corporate governance in Kuala Lumpur IN what is rapidly becoming the norm for enforcing corporate governance in Malaysia, the Securities Commission has filed a RM1.93 million (*****,127) suit accusing a private company and its
      412 words
    • Article, Illustration
      Lock icon Yudhoyono Pledges not to like fuel prices
      512 11  -  LAUREL TEO But official suggests private vehicle owners may lose fuel subsidies THE Indonesian government has promised not to raise fuel prices even as soaring crude oil prices near US$lOO per barrel. It will, instead, look at other solutions that can provide relief
      AFP  -  512 words
    • Article, Illustration
      Lock icon Telekom reports 37.5% jump in Q3 profit
      357 11 Reuters [KUALA LUMPUR] Dominant phone firm Telekom Malaysia yesterday reported a 37.5 per cent jump in third-quarter profit, driven by its mobile phone business at home and in Indonesia. But growing competition and Malaysia's strengthening ringgit could hurt its future earnings, the company
      – Reuters; m REUTERS  -  357 words
    • Article
      Lock icon F&N revenue surges 47%, buoyed by Nestle
      505 11  -  PAULINE NG But profit up just 8% at RM 166 m due to higher tax rate FRASER Neave Holdings (F&N) has reported a 47 per cent jump in revenue to RM2.86 billion (551.24 billion) for the year ended September, buoyed by a 37
      505 words
    • Article
      Lock icon PM Abdullah tells Muslims to respect other religions
      343 11 -AP Conciliatory speech delivers strong plea for racial harmony [KUALA LUMPUR] Malaysia's leader urged the country's majority Muslims yesterday to respect other religions, delivering a strong plea for racial unity amid concerns that rising ethnic tensions could hurt decades of economic progress.
      -AP  -  343 words
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      Lock icon Page 11 Advertisements Column 1
      34 11 AT' I*+ I^&m Aft CJtv*X.\M£ of m-itsto^B aj J with the PitrpLe Phoenix \9| HH undies' etn&tnOolt HL Debut Performance _,:jfl Bt outside China j |k I Organiser: Main Sponsor: Supporter: Official Outdoor Media:
      34 words
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      30 11 1 EfiUl IJ teftjcj M ■;3ff^ I vA^^H ttL V SPECIAL PREVIEWS |>W BARCLAYS SINGAPORE OPEN .^j| V LEKUSCUP2QO7 I At. m INSTANT LESSON H ■>v-_T.jtafc WV m MAKE THOSE
      30 words
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  • GREATER CHINA
    • Article
      Lock icon Wen defends economic policies against critics
      326 12 -AFP China's spectacular boom vindicates his actions, he tells HK reporters [HONG KONG] Chinese Premier Wen Jiabao has made a rare defence of his economic policies against critics who accuse him of failing to tackle the country's overheated growth, a report said yesterday. In
      -AFP  -  326 words
    • Article
      Lock icon China Railway to launch IPO in Shanghai
      254 12 ■AP [SHANGHAI] China Railway Group Ltd, a stateowned builder of railway lines, will begin subscriptions for an initial public offering (IPO) here on Nov 20, the company said in an announcement yesterday. The company said that it plans to issue up to 4.675
      ■AP  -  254 words
    • Article
      Lock icon Year of Pig brings baby boom
      144 12 Reuters [BEIJING] China's financial hub of Shanghai is enjoying a baby boom thanks to the golden Year of the Pig, considered an auspicious time to have children, state media said yesterday. By the end of 2007, 160,000 babies will have been born in the
      Reuters  -  144 words
    • Article
      Lock icon Alibaba falls 17% one day after tripling in trading debut
      188 12 Bloomberg [SHANGHAI] Alibaba.com Ltd, Asia's second-biggest Internet company by market value, declined 17 per cent yesterday, one day after its Hong Kong trading debut in which the shares almost tripled. The operator of China's biggest trading website for companies fell
      – Bloomberg  -  188 words
    • Article, Illustration
      Lock icon Rubies, sapphires becoming a girl's best friends too
      390 12 Reuters Jewellery demand in China holds steady despite record prices [BEIJING] Well-heeled Chinese women are questioning the old maxim that diamonds are a girl's best friend as their jewellery collections expand along with their bank balances. While diamonds are definitely still a
      ■ Reuters; REUTERS  -  390 words
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      120 12 RRI H Diners Club Card r oapp ac «//64i6 0980 .A W&r/J of Exclusive Privileges Treats fO^fc Dim C/mA www.ainers.cotn.sg International Kyomomoyama 'fk&ikJ. Hyacinth Cafe Bar hvttwtr V 8 Cafe fS^ The Central#o3-8?/100/101/110, Tel: 6534 8001 >■ TTclit 3 Boon Tat Street, Tel: 6423 0366 J^ ,fl, Bugis Junction #03-29,
      120 words
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  • INDIA
    • Article, Illustration
      Lock icon 'King of Good Times' enters retail business
      508 13 AP Tycoon Vijay Mallya ropes in Louis Vuitton as a tenant of his luxury mall in Bangalore [BANGALORE] After starting a premium airline and buying one of the world's oldest scotch-whisky makers, flamboyant Indian tycoon Vijay Mallya announced on Tuesday a new venture
      AP  -  508 words
    • Article
      Lock icon ICICI Bank fined, held responsible for collectors' violence
      266 13 AP [NEW DELHI] Authorities have fined India's biggest private bank more than US$l3O,OOO after its loan collectors beat a man with iron rods and dragged him from a car before seizing the vehicle, state officials said on Tuesday. The Delhi State Consumer
      AP  -  266 words
    • Article
      Lock icon HSBC raises US$1.5b for fund, eyes Indian realty
      169 13 Reuters MUMBAI] Hongkong and Shanghai Banking Corp (HSBC), which recently raised US$l.5 billion, aims to invest 10 per cent of that in Indian realty, the Business Standard "eported yesterday. This is in addition to its growth fund .nvestments of about US$6OO million
      ■ Reuters  -  169 words
    • Article, Illustration
      Lock icon For Indians, 'tis the season to be spending
      477 13  -  SIDDHARTH SRIVASTAVA Wedding, festival time sees robust sales for retailers in New Delhi THE wedding and festival season is underway in India, with Diwali, the festival of lights, coming this Friday. This is the time when Indians like to spend money giving
      AFP  -  477 words
    • Article
      Lock icon India emulating China in offering Africa aid for oil
      656 13 Bloomberg [NEW DELHI] India, beaten by China to more than US$lO billion of overseas energy assets in the last two years, plans to emulate its rival by building ports and railways in Africa to secure oil and gas fields. Indian companies
      Bloomberg  -  656 words
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      Lock icon Page 13 Advertisements Column 1
      660 13 II rffr I IN THE MATTER OF THE VvKf./ COMPANIES ACT, CAP. SO VS^' MING LING INVESTMENTS to+SSSSXSS*™ AURIC PACIFIC GROUP LIMITED (in Members' Voluntary winding Up) (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting of (Company Registration Number: *****2981 D) the Members of Ming Ling Investments
      660 words
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Japan's opposition leader withdraws decision to quit
      488 14 Democratic Party's image dented just months after it won Upper House control [TOKYO] Japan's opposition leader has formally reversed his decision to quit, vowing yesterday to devote himself to winning at the polls and averting a shift that could have handed the ruling
      AFP  -  488 words
    • Article
      Lock icon Aussie rate hike an election blow to ruling party
      335 14 Reuters It's a first for central bank to tweak rates in campaign period [CANBERRA] Australia's conservative government suffered a new election blow yesterday when the country's central bank increased interest rates, undermining Prime Minister John Howard's promises to keep rates low.
      Reuters  -  335 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7770 14 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 1.081/ Star Europe Bond 1.212/ Star Europe Bal 1.265/ Star Asian Tiger Eqty 1.83/ Star Asia Bond 1.258/ Star Asia Balanced 1.096/ Star Global Technology Fund!** 0.252/ Multi St Fd 0.955/ Star Asia Bond(USD 0.868/ Gib Multi St USD
      7,770 words
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      31 14 Allianz Global Investors one of the world's largest asset managers with more Allianz (jjj) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors company regn. no *****7169Z
      31 words
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  • WORLD
    • Article
      Lock icon GM reports US$39b loss in Q3 on deferred tax charge
      694 15 Bloomberg, AP Carmaker writing down USs39b of future tax benefits [NEW YORK] General Motors, the world's biggest carmaker, reported a US$39 billion third-quarter loss, its largest ever, after writing down US$39 billion of future tax benefits. The loss of U5568.85
      Bloomberg,; AP  -  694 words
    • Article
      Lock icon Crude rises to record above US$98 on supply worries
      545 15 AP Reported attack on an oil pipeline in Yemen adds to traders' concerns [SINGAPORE] Oil prices jumped to a new trading record above US$9B a barrel yesterday amid expectations of declining US supplies and following news of an attack on a
      AP  -  545 words
    • Article
      Lock icon Productivity up as wage pressures ease
      421 15 ■AP LATEST US DATA [WASHINGTON] Worker productivity in the US surged in the summer at the fastest pace in four years while wage pressures eased. The Labor Department reported that productivity the amount of output per hour of work jumped at an annual rate
      ■AP  -  421 words
    • Article, Illustration
      Lock icon Goldman bonuses alone could buy Bear Stearns
      415 15 Bloomberg [NEW YORK] When Goldman Sachs Group Inc employees cash their year-end checks, they will have enough money to buy Bear Steams Cos. Goldman, the biggest and most profitable US securities firm, set aside US$l6.9 billion to pay salaries, benefits and bonuses in
      Bloomberg; AP FILE PHOTO  -  415 words
    • Article, Illustration
      Lock icon Hull & Humber moves into 2nd place
      337 15 Hull Humber moves into 2nd place FOLLOWING some consistent and fast sailing in the past 10 days, Hull Humber has continually outsmarted its rivals and moved overnight into second place behind leader New York in the Clipper Round the World Yacht Race. Considering that ten days ago it was in
      Photo: ONEDITION  -  337 words
    • Article
      Lock icon Barclays, Royal Bank may post writedown of £2.1 b
      175 15 Bloomberg [LONDON] Royal Bank of Scotland Group pic and Barclays pic may write down £2.1 billion (556.4 billion) in the second half due to the collapse of credit-related securities, Sanford C Bernstein Co said. Writedowns may total £1.6 billion at Barclays
      Bloomberg  -  175 words
    • Article
      Lock icon Citigroup appoints Stuckey to lead fix-it team
      361 15 ■NYT [NEW YORK] Citigroup, reeling from its exposure to billions in assets backed by sub-prime mortgages, has appointed a triage team led by one of Wall Street's best-known fix-it men. The executive, Richard A Stuckey Jr, who helped to dismantle the Long-Term Capital
      ■NYT  -  361 words
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  • AVIATION
    • Article
      Lock icon Spore, Canada sign new air transport agreement
      379 16  -  YEN SREENIVASAN But SIA says much more needs to be done to deliver real benefits to travellers [SlNGAPOßE] Singapore and Canada have inked a new air transport agreement following talks in the Canadian capital of Ottawa which ended on Nov 1. Under the
      379 words
    • Article
      Lock icon Lufthansa to fly between Spore, Munich from June
      219 16 [SINGAPORE] Lufthansa German Airlines is mounting five weekly non-stop flights between Singapore and Munich from June 8, 2008. The airline said that the additional flights would enhance its network in the Asia-Pacific region, further linking the region to the German carrier's strategic
      219 words
    • Article, Illustration
      Lock icon Changi Airports keen on stake in Abu Dhabi airport
      461 16 Reuters It is also eyeing to take over two terminals in China [SINGAPORE] Singapore's Changi Airports International is keen on a stake in Abu Dhabi's international airport and is also eyeing two smaller terminals in China for takeover, its chief executive
      Reuters  -  461 words
    • Article
      Lock icon Canada fund to bid for NZ airport stake
      453 16 -Reuters [WELLINGTON] Canada's state pension fund yesterday said it plans an all-cash offer for up to 40 per cent of NZ's Auckland International Airport Ltd, valuing the airport at NZ$4.5 billion (Sss.l billion) and sending its shares surging. But after two failed
      -Reuters  -  453 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2341 16 AIRLINE CODES: AA American Airlines (AAL), AF A" r'ani:e (AFR), A Air India (AIC), AY Finnair'" y (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh A RBA), BO Bouraq Airlines (BOU), BR EVA Airways Corpn (EVA), CA Air China
      2,341 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      356 16 CRYPTIC CROSSWORD ACROSS 1 Old mammal arrived with an- i |2 [3 |4 I |5 He [7 [8 other short of energy (10) 6 Stop me backing on to 9 Judges criticise originators of English legislature (5) 10 Broadcast melody blasted P^ W^ II 12 Touching diplomacy by the M^^B
      356 words
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  • SHIPPING
    • Article, Illustration
      Lock icon DP World expects revenue to grow 38.5%
      389 17 Reuters It will report Ebitda of USsl.o4b this year and USsl.2b next year [DUBAI] Dubai's DP World, the state-owned port operator selling shares to the public, expects revenue to grow 38.5 per cent during the next two years to US$l.44 billion, a banker
      – Reuters; AFP  -  389 words
    • Article
      Lock icon VLCC freight rates from Mid-East to Asia stable
      476 17 ■Reuters North Asia demand rise seen as catalyst for rate rebound [SINGAPORE] Asia freight rates for very large crude carriers (VLCCs) loading from the Middle East were stable to levels seen the previous week, but demand from this region is expected to
      ■Reuters  -  476 words
    • Article, Illustration
      Lock icon Shares in Hyundai Heavy hit new high
      864 17 Bloomberg Korean yards likely to receive record orders next year [SEOUL] Shares of Hyundai Heavy Industries Co, the world's biggest shipbuilder, rose to a record yesterday, leading stock gains in South Korean yards on expectations that orders will climb to a record for
      – Bloomberg; BLOOMBERG  -  864 words
    • Article
      Lock icon Aker Yards reports 89% plunge in Q3 net due to higher costs
      260 17 -AP [OSLO, Norway] Europe's largest shipbuilder, Aker Yards ASA, yesterday reported an 89 per cent decline in net profit for the third quarter from a year earlier, due to higher costs because of a wider shipbuilding boom. The
      -AP  -  260 words
    • Article
      Lock icon Seaspan sees 100-ship fleet by 2010
      407 17 Reuters [CHICAGO] Container shipping company Seaspan Corp has a "good chance" of meeting its fleet target of 100 vessels by 2010 thanks to global trade in consumer goods, in particular between Asia and Europe, the company's top executive said on Tuesday. "I am pretty
      – Reuters  -  407 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        122 17 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp Labroy Marine MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.96 0.38 7 40 1
        122 words
      • Article
        Lock icon KLSE
        32 17 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd 1.27 ...lunch 10.00 5.25 3.02 0.24 0.01 0.15 0.20 0.20 0.04 unch 321 711 938 1726 45 76
        32 words
      • Article
        Lock icon BANGKOK
        12 17 '00 'recious Ship legional Cont 29.00 28.25 unch -0.75 459! 641
        12 words
      • Article
        Lock icon HONGKONG
        11 17 '000 JOil iingamas Cont 77.65 3.79 0.35 unch 821 2021
        11 words
      • Article
        Lock icon PHILIPPINES
        22 17 '000 Aboitiz Equity ntl Container Keppel Marine Keppel Prop 7.10 42.00 2.00 unch -0.10 -0.50 unch unch 375! 457! 39: I
        22 words
      • Article
        Lock icon TAIPEI
        22 17 Evergreen Marine ...29.45 :irst Steamship 76.00 /Van Hai Lines 33.50 fang Ming Marine...26.75 unch 2.80 1.40 0.65 3! i 2! 2<
        22 words
      • Article
        Lock icon TOKYO
        42 17 '000 lov 7 Yen Vol Kawasaki Hvy Ind...373.00 -13.00 ***** Kawasaki Kisen ....1498.00 15.00 7697 Mitsubishi Hvy 551.00 -14.00 ***** Mitsui Eng&Sbldg...560.00 -24.00 ***** MitsuiOsk Lines ..1784.00 10.00 ***** Nippon Express 569.00 -7.00 3948 Nippon Yusen 1113.00 -27.00 8488 Source: Reuters
        42 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Japanese politics: twists, turns and turmoil
      508 18 ONCE again, Japan seems to have been let down by its politicians when Opposition leader Ichiro Ozawa dropped a bombshell last weekend. He suddenly tendered his resignation as head of the Democratic Party of Japan (DPJ), which only two months ago roundly defeated the
      508 words
    • Article, Illustration
      Lock icon Complexity is the key to competitiveness
      923 18  -  XAVIER SALA-I-MARTIN JENNIFER BLANKE Size of government doesn't matter; US has small government but most competitive economy IN economics, things are usually more complex than they first appear. This is probably the most important lesson in economics and the most widely ignored. After all,
      'REUTERS  -  923 words
    • Article, Illustration
      Lock icon Overlooking benefits of recession a moral hazard
      747 18  -  ROBERT SAMUELSON THE BOTTOM LINE AMERICANS are all waiting, it seems, for the next recession. Everyone knows that the business cycle hasn't been repealed, and so another recession is inevitable sooner or later. Some indicators now suggest that it might be sooner. The
      747 words
    • Article, Illustration
      Lock icon Oil at all-time high? Yes, no, maybe
      890 19  -  STEVEN MUFSON LAT-WP Given changes in oil markets over time, there is no single correct way to fix the inflation-adjusted price of crude oil I HEN it comes to the price of oil, there is no shortage of ways to calculate the all-time
      LAT-WP; AP  -  890 words
    • Article, Illustration
      Lock icon Winners and losers of high oil prices
      1473 19  -  MARK LANDLER ■NYT AS the price of oil surges towards a symbolic milestone of US$lOO a barrel hitting U5596.70 on Tuesday it is creating new winners and losers across the globe. In southern China, high oil prices forced Wang Pui, a trucker, to
      ■NYT; AP  -  1,473 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8480 20 Transaction date: Nov 7 52-wks Tel )h Low Code Last Sale Vol ('000) Hij Day Last Quote |h Low Buyer Seller Div GrYld C'vr Net P/E M Cap Smil Hij Com[ i an; 3.B 2 B716 1st Software 22 8 3148 STelecom 34 17.5 5834 A-Sonic 104 98
      8,480 words
    • Article
      Lock icon SGX XTRANET
      81 20 Wk Tel Low Code Last Sale Vol C000) lay 1 Low Bui .ast Quote Div yer Seller C'vr Net P/E Hii Comi >an< Hii 119 119 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170
      81 words
    • Article
      Lock icon SGX SESDAQ
      2185 20 Hii Low Code Com Sale I'ooo; Hii Low Bui Seller C'vr P/E $m 30 11.5 1181 AAGrp 41.5 19 5000 ABR Hldgs 31 23.5 8538 APStrategic 16.5 2 1501 Advanced System 70.5 15 1524 Alantac 22.5 8 7814 Albedo 46.5 28 5021 Apex-Pal 13.5 6.5 1154 ArianeCorp 44.5
      2,185 words
    • Article
      Lock icon CLOB INTERNATIONAL
      243 20 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net 2or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum all
      243 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      370 21 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov6 World Index Preliminan 1163.1 0.3 5.7 0.4 4.6 0.5 10.: t EAFE Preliminan 1154.0 0.3 4.2 0.6 6.4 0.8 12.! Euro[ Preliminary 1574.2 0.4
      370 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 21 As at 9am Nov7 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.3410 1.3570 Can dollar 1.5670 1.5850 Euro 2.0930 2.1170 NZ dollar 1.1250 1.1490 Sterlirii iund 3.0010 3.0351 US dollar 1.4380 1.4550 Local dollars to 100 units of foreign currency:
      132 words
    • Article
      Lock icon INTERBANK RATES
      158 21 Wo 1/7 Overnight 1/2 1-month 2 5/16 2-months 2 7/16 3-months 2 15/32 Overnight mode: 7/16 US$ Offer 3/8 2 3/16 2 5/16 2 11/32 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 4.65 4.67 4.88 4.88 4.83 4.73 4.68
      158 words
    • Article
      Lock icon STOCK INDEX FUTURES
      21 21 Woi/7 STI SIMSCI Nov 449.5 454.1 446.3 Taiwan Nov 368 368.8 364 Source: MF Global (S) Pte. Ltd
      21 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      20 21 Nov7 Bid Offer 1-month 1.4395 1.4408 2-months 1.4365 1.4379 3-months 1.4337 1.4351 6-months 1.4264 1.428 Source: OCBC
      20 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 21 Wo 1/7 Currencies Bid Offer Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.3501 1.3518 0.9358 0.9363 Canadian dollar 1.5833 1.5850 1.0975 1.0978 Euro 2.1099 2.1120 1.4625 1.4628 NZ dollar 1.1318 1.1341 0.7845 0.7855 Sterlim 3.0212 3.0240 2.0941 2.094! US dollar 1.4427 1.4438 S$IUS$
      153 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      340 21 Nov7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO7 MarO8 JunO8 SepO8 95.160 95.615 95.820 95.925 0 0 0 0 ***** ***** ***** 7376 EUROYEN FUTURES DecO7 99.170 99.180 MarO8 99.155 99.170B JunO8 99.140 99.150B SepO8 99.080 99.100B DecO8 99.025 99.050B MarO9 98.965 98.995B JunO9 98.925B
      340 words
    • Article
      Lock icon SICOM FUTURES
      280 21 Nov7 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Dec 07 Jan 08 FebO8 Mar 08 Apr/Jun 08 Jul/Sep 08 377.50 381.25 383.00 386.75 391.75 394.25 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open Interest
      280 words
    • Article
      Lock icon CHICAGO BOT
      103 21 Nov6 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov 07 1029.50 1005.75 1031.00 1022.00 Jan 08 1044.50 1021.00 1047.50 1037.00 Mar 08 1059.00 1036.00 1061.50 1052.00 May 08 1061.00 1040.50 1064.00 1054.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 07 43.62 42.56 43.70 43.07 Jan
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      73 21 CRUDE OIL PRODUCTS Nov6 origin! US$/barrel Close Cham Brent blend (1-Mth F) 93.52 1.88 WTI (Near Mth) 96.43 2.13 Dubai (1-Mth F) 85.94 0.9 Tapis blend 97.6 1.5 Minas 94.4 0.9 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 89.95 111.60 0.40 -0.85 US$/barrel Opec Oil Basket Price 88.13
      73 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 21 Woi/7 AS Rmb Euro HKS Ind Rs Ri Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.853 6.967 0.640 7.273 36.740 85.363 1.066 8.481 3.118 1.192 56.996 40.508 1.351 6.056 1.065 30.301 31.793 0.447 0.936 Canada 1.173 8.169 0.750 8.529
      466 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 21 Nov7 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****V 06.02.08 1-Year BY*****A 29.09.08 2.27 2.18 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****X 3.125 20-Year
      86 words
    • Article
      Lock icon SIBOR
      75 21 Nov7 1 mth 2 mths 4.***** 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** 4.***** 2.***** 3 mths 4.***** 2.***** 6 mths 9 mths 12 mths 4.***** 4.***** 4.***** 2.***** 2.***** 2.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** 5yrs 3.*****
      75 words
    • Article
      Lock icon PRECIOUS METALS
      179 21 Nov7 loi) lov lov GOLD BULLION COINS (S$) Sellini Hong Kong London 812.50 838.00 813.50 839.00 Nov 06 Nov OS 822.95 804.70 823.65 805.40 Source: Reuters (S$) Selling Buying 1 oz 1346.06 1210 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $471.87 387 SILVER Selling Buying Bit rini
      179 words
    • Article
      Lock icon LONDON METALS
      69 21 Nov6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2594.20 2560.50 3 months 2643.00 2610.00 Copper, Grade A (US$/tonne) Cash 3 months 7480.00 7480.00 7406.50 7405.00 Lead (US$/tonne) Cash 3812.00 3 months 3750.00 3756.50 3699.50 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months
      69 words
    • Article
      Lock icon LIFFE
      79 21 Nov6 Close Prev Hii ih/Low Dec 07 936 934 Mar 08 960 959 May 08 973 971 Jul 08 987 984 942/924 966/949 978/962 993/980 COFFEE (US$/tonne) Close Pev High/Low Nov07 2435 2353 2438/2350 Jan 08 1970 1945 1972/1931 Mar 08 1902 1880 1905/1873 May 08 1906 1884 1908/1883
      79 words
    • Article
      Lock icon PALM OIL
      59 21 Delivery Month Opening Range Sett Av Price Price Hii Low Vol Open Done Position Nov07 2970 2972 2972 2970 40 792 Dec 07 2990 2990 2997 2980 659 9292 Jan 08 3000 3000 3009 2984 8576 ***** Feb OS 3000 3002 3005 2980 2061 8417 Total o/p: *****
      59 words
    • Article
      Lock icon BONDS & WARRANTS
      2470 21 BONDS WARRANTS Pel lode Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 5036 Advance SCT Ltd W*****9 41.5 -1.5 596 1 87 12 2.77 33 1105 #Asiatravel W*****7 45 -1.5 3 1 28 -5 1.70 30 I436 AusGroup MBL ECW*****4 23.5
      2,470 words
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  • Page 22 Advertisements
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      1841 22 m The Business Times Shipping Times A ■^^■H EE^F^lEE^^^ fell 1 f Destination Destination STXPOTBN RTM/ANR/TIL MARY G CDN/NFK/SAV/NOL SPYROS B CDN/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination Destination VOYAGER V JEA/AUH/DOH/BAH/DMM/KWI STXPOTBN ICH/PUS LIBERTA DMT Loads Singapore, E./W. Malaysia, Indonesia Loads
      1,841 words
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      Lock icon Page 22 Advertisements Column 2
      1272 22 WAN HAI INTERNATIONAL PTE LTD crn0:**********0/r VTrA nun ii a nil.. TEL *****588 (14 LINES) FAX:*****163 Vv \M N lAf A M HAI IN P V Customer Service/Bookings Direct Line (1800) *****200 V VVVft 11 II ft I LI 11 L J PKL TEL: (03| *****888 FAX: (03) *****288 PEN
      1,272 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      1837 23 f IST r iW2SI I aSWI p*:™""fflii;lHiHlßlW!llilßißiiirt3 I W ■jml Ik iI tn^ffiTjßj For further assistance, please contact: SBJ Zim Logistics S.EAPte Ltd IIlMH!:]: 70 Shenton Way #10-02 Marina House Singapore *****8 mm Tel: 6317 2109 Fax: *****070 Email: general@zim-logistics.sg Website: www.zim-logistics.com.sg jpfiul AUSTRAL ASIA LINE web site: h..p://www.aus.ralasialin, C
      1,837 words
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      Lock icon Page 23 Advertisements Column 2
      895 23 [VESSEL VOY PKL T SIN I KHI I DXB BAB I DMM I BIK I KHO ANNAE PCLB22S 11/11 20/11 21/11 TENTH OCEAN PCLB227 16/11 17/11 26/11 29/11 30/11 06/12 08/12 10/12 RHONEBORG PCLB23O 23/11 24/11 03/12 06/12 07/12 13/12 15/12 17/12 I VESSEL I VOY I SIN I NHS
      895 words
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      Lock icon Page 23 Advertisements Column 3
      680 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL TOY SIN P.KLANG COLOMBO N.SHiVA COLOMBO HOWRAH BR 0067W 06 NOV 07 NOV IONOV I4NOV IBNOV KOTAPiRWIRA YPWIIS 14 NOV OMIT 18 NOV 22 NOV 26 NOV RAJIV GANDHI I OII9W I 20 NOV I 21
      680 words
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      4401 24 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • PROPERTY
    • Article
      Lock icon Value of Liberty's malls slides in Q3
      508 25 Bloomberg Higher borrowing costs and stricter credit controls hurt commercial property [LONDON] Liberty International pic, owner of MetroCentre and other UK malls, says the value of these properties fell in the third quarter as higher borrowing costs and stricter credit controls hurt the
      – Bloomberg  -  508 words
    • Article
      Lock icon Ciputra Property slumps on trading debut
      428 25 Reuters [JAKARTA] Shares in Indonesian property firm PT Ciputra Property Tbk plunged nearly 13 per cent on their debut yesterday, wiping out early gains, as investors feared interest rates might have reached bottom, dampening demand for new homes. The stock hit an intraday low
      – Reuters  -  428 words
    • Article
      Lock icon Climate Change plans 'green buildings' fund
      395 26 Bloomberg It will start meeting investors in Q1 2008 to raise 'hundreds of millions' of dollars [SINGAPORE] Climate Change Capital, a Londonbased fund manager and adviser on global warming, plans to start a fund to invest in properties that use energy more efficiently. Climate
      ■ Bloomberg  -  395 words
    • Article
      Lock icon Vast Ned rejects IEF Capital bid
      191 26 Reuters [AMSTERDAM] Dutch property group Vast Ned Retail rejected a 70 euro per share, 1.15 billion euro (552.4 billion) intended bid from a group led by lEF Capital, saying that it was well below its real value. Vast Ned Retail said in a statement
      ■ Reuters  -  191 words
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      373 25 Exclusive Good Class ~77 Bungalow Astrid Hill i/ \^4/ Land Size: 31,359 sq ft (approx) \t( Tenure: Freehold /y A(^\\ \y^ Prestigious Area and Address iai^^Y^\y Surrounded by Lush Greenery f§f^ Near to Holland Village and future Holland MRT Station K<^&^\J§' Tender Closing: 14th Nov 07(Wed) at 3pm r—^ For
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      1343 26 THE LAST LARGE RESIDENTIAL SITE IN NEWTON-SCOTTS AREA DUNEARN GARDENS FOR SALE BY TENDER z^- I Site area 95,443 sqft js rScSiswSirt»- Regular Site Layout r^ch°Z SubJe eNX ■v.^^oven. Directly opposite Newton MRT 0i site Ideal for super luxurious condominium or suites BU"!L?tMAn*=Lr-^ A RevenueVfifcX NOVENA To CTE r HT^\z=^^ss::::::
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  • BizIT
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      Lock icon EMC opens development lab
      802 27  -  AMIT ROY CHOUDHURY It is part of a $250 m investment plan over 5 years, writes EMC Corp's new South Asia Development Laboratory (SADL) is considerably larger than it was expected to be when plans for it were announced barely five months ago. The lab, in
      802 words
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      Lock icon Office phones on cusp of sea-change?
      512 27  -  ONG BOON KIAT CHANGE is glacial when it comes to the office telephone. Take the Bell 2500 tone dialling model. Invented almost 40 years ago, this museum piece, with its neat panel of 12 numeric push buttons, still defines the basic look and function
      512 words
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      Lock icon i-mate seeks to be different in smart phone market
      679 27  -  WINSTON CHAI SINGAPORE'S sky-high mobile penetration rates and intense competition are deterrents for even established handset giants, and the hurdles are likely to be higher for a new market entrant. But newcomer i-mate is confident of disrupting the cut-throat mobile scene
      679 words
    • Article
      Lock icon The answer to online credit card woes?
      694 27  -  STREE NAIDU By <you say> The Payment Card Industry has set up a Data Security Standard (PCI DSS) designed to protect card-holder data EACH time a credit card is used in a transaction, that payment card number takes a long and winding trip
      694 words
    • BizIT FOCUS
      • Article, Illustration
        Lock icon Small businesses, huge storage needs
        757 28  -  ONG BOON KIAT SMB STORAGE Big IT storage vendors are racing to capture the SMB market ONCE neglected, now loved. That's one way to describe the attention being lavished on small and medium businesses (SMBs) by a growing number of big IT vendors. And in
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      • Article
        Lock icon SMEs may like to know...
        141 28 Question: My company has 70 employees but aims to grow to 200 by next year. We have been storing data in various formats and places. How do we address data growth and standardisation in an easy way? Answer: Growing quickly means you will experience rapid
        141 words
      • Article
        Lock icon Storage a major issue for Singapore firms
        439 28  -  AMIT ROY CHOUDHURY A RECENT survey by IT research agency IDC showed that the Asia-Pacif-ic including Japan (APJ) generated 670,000 times more digital information last year than that found in all books written throughout history. That is equivalent to 36 exabytes of data.
        439 words
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      192 28 This series is sponsored by: HITACHI Inspire the lMext ■^Hf\|^^ Improving Lives. y^ S^::::::::::: s fife1 S "!"II«I^I ra zz At Hitachi, our philosophy is to contribute to society with technologies to overcome today's challenges. That's why we've made it our responsibility to develop inspiring innovations to touch every aspect
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