The Business Times, 3 September 2008

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Microfilm: NL29475
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIEMS Singapore 85 cents online at http://www.businesstimes.com.sg mSS* a Singapore press holdings publication co regn no *****2868E mica (p) 197/08/2008 Wednesday, September 3,2008
    25 words
  • Article
    Lock icon Strikes threaten to paralyse Thailand
    678 1 AP, Bloomberg, Reuters Baht tumbles, markets fall, tourism hit and it could all get worse [BANGKOK] Even as Thailand's Prime Minister Samak Sundaravej declared a state of emergency yesterday, the country's business and economic sentiment appeared to dip dangerously low. The benchmark SET Index fell
    AP, Bloomberg, Reuters  -  678 words
  • Article
    Lock icon Sweet names may not tell a fund's full story
    688 1  -  EMILYN YAP Some unit trust names have been overtaken by circumstances By [SINGAPORE] Watching the romantic tragedy unfold in Shakespeare's Romeo and Juliet, few would disagree when Juliet laments: "What's in a name? That which we call a rose by any
    688 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.827 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.72 INDIA 13.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      43 1 1COMP 1,086.99 -13.51 IIKKEI225 12,609.47 -224.71 IANG SENG 21,042.46 +136.15 ;et index 659.51 -15.71 JAKARTA COM P 2,159.05 -5.57 IANILACOMP 2,708.25 +21.73 ;eoulcomp 1,407.14 -7.29 ;henzhen b 378.35 -0.89 IUMBAI IND 15,049.86 +551.35 12N00NEDT Change )OW 11,708.83 +165.28 IAS DAI 2,386.57 +19.05
      43 words
    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per US$) 1.431 (US$/S$ per 1.787 2.557 :URO (US$/S$/E) 1.450 2.075 'EN 108.30 75.70 3.425 2.393 IK$ 7.807 5.456 !AHT 34.49 24.10 lUPIAH 9,200 6,429 1ENMINBI 6.848 4.786 INDIAN RUPEE 44.43 31.05 1.196 0.836
      37 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      49 1 EXEC MONEY BUSINESS EVENTS S MOTORING BE INSPIRED I —I Wealth survey sheds light AWARDS L?\ Rl» The bright side Zap for daily inspiration. _^g on what investors want Going for gold of auto loans Win a Nikon Digital PAGE 38 PAGES 19-25 kk PAGE 18 Camera! PAGE 10
      49 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Strikes threaten to paralyse Thailand
        82 2 EVEN as Thailand's Prime Minister Samak Sundaravej declared a state of emergency yesterday, the country's business and economic sentiment appeared to dip dangerously low. The benchmark SET Index fell 2.3 per cent in reaction to the emergency decree, to close at 659.51, the lowest since
        82 words
      • Article
        Lock icon More to be covered under Employment Act changes
        97 2 CONFIDENTIAL staff accounts assistants, human resource clerks and secretaries once excluded from coverage under the Employment Act are to be included under proposed changes to update it. Junior managers and executives earning a monthly basic of $2,500 or less will also be
        97 words
      • Article
        Lock icon Staple financing to oil Senoko Power deal
        70 2 AMID the global credit crunch, Temasek Holdings is offering "staple financing" a pre-arranged financing package to bidders like Keppel Corp and other foreign groups vying to buy Senoko Power, Singapore's largest power station. The move will help Temasek speed up the bidding process
        70 words
      • Article
        Lock icon SIA shares soar 3% to hit five-week high
        60 2 SINGAPORE Airlines shares recorded one of its strongest rallies in recent months to close at a five-week high, triggering a slew of rumours about potential corporate activity. The stock raced up 46 cents or 3 per cent to close at $15.64 yesterday
        60 words
      • Article
        Lock icon Bio-Treat eyes stronger earnings in FYO9
        45 2 810-TREAT Technology is expecting earnings for the current financial year to be higher than for the preceding year given the absence of bad debt provision and higher revenue stream from its completed wastewater treatment projects. COMPANY NEWS, PAGE 7
        45 words
      • Article
        Lock icon Property buyers defy Hungry Ghost taboo at auction market
        76 2 TYPICALLY a taboo time for property purchases, this year's Hungry Ghost Festival bucked the trend and worked up an appetite among buyers in the auction market. The festival fell in August, which registered the highest sale value for auctions so far
        76 words
      • Article
        Lock icon OECD paints a gloomy picture for Europe
        73 2 EUROPE'S economy is slowing harder than predicted and Britain is nearer recession than the other big countries of a region where the economy is close to flat on its back, according to OECD forecasts published yesterday. The US economy did better in the
        73 words
      • Article
        Lock icon Higher car loan rates negated by stiff competition
        65 2 AUTO loan rates may have risen recently, but motor distributors are dangling more carrots as competition heats up in a softening market, thus making the impact of higher rates negligible. More and more motor traders are offering cashbacks and/or gifts in an
        65 words
    • Article
      Lock icon More to be covered under Employment Act changes
      762 2  -  CHUANG PECK MING Source: MOM Confidential staff excluded earlier will benefit; changes to reflect new workforce By [SINGAPORE] Confidential staff accounts assistants, human resource clerks and secretaries once excluded from coverage under the Employment Act are to be included under proposed changes
      Source: MOM  -  762 words
    • Article, Illustration
      Lock icon Four expected to be in the running to succeed Fukuda
      769 2  -  ANTHONY ROWLEY REACTIONS TO FUKUDA'S SHOCK RESIGNATION Stocks slide 1.7% on fears over fate of 11 .7t yen stimulus By in Tokyo FOUR names two men and two women emerged yesterday as possible candidates to succeed Yasuo Fukuda as prime
      PHOTOS: AP, BLOOMBERG  -  769 words
    • Article
      Lock icon S&P says turmoil can hurt investment climate
      386 4 Reuters Heightened violence may set off a cut in rating outlook to negative from stable [HONG KONG] Thailand's political turmoil could harm its ability to attract investment and an escalation of violence may trigger a cut in its rating outlook to negative from
      – Reuters  -  386 words
    • Article, Illustration
      Lock icon Tourists cancel trips, governments caution visitors
      496 4 Reuters EMERGENCY IN THAILAND [BANGKOK] Thailand's political turmoil is threatening its lucrative tourist industry as travellers cancel trips and foreign governments issue travel warnings, while business leaders fear foreign investors will be scared off. South Korea and Singapore yesterday told citizens to avoid non-essential
      Reuters; AP  -  496 words
    • Article
      Lock icon Staple financing to oil Senoko deal
      464 4  -  RONNIE LIM Temasek to offer prearranged finance package to genco sale bidders By [SINGAPORE] Amid the global credit crunch, Temasek Holdings is offering "staple financing" a pre-ar-ranged financing package to bidders like Keppel Corp and other foreign groups vying to buy Senoko Power, Singapore's
      464 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      50 2 Celebrating our^- j Anniversary Opening of our flagship store at Singapore Flyer. i I '31' "^^n r "■A 't'-^irt Widest collection of exotic skin bags in Singapore. Crocodile skin, Ostrich skin, Snake skin. ■ANANKAI Since 1971 #05-27 A Ngee Ann City Tel: 6235 4068 #02-09 Singagpore Flyer Tel: 6338 8985
      50 words
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  • Page 3 Advertisements
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      287 3 31<02 *****0 ***** Valid Thru Member Since rr J I 'i% I lll^Hrapi j 3~1b2 *****0 ***** E I Valid Thru Member Since You like to stay ahead. To be at the top of the game. And are constantly of the Series, is specially designed for you. Reserved for the
      287 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      1174 4 A WATS IN THE MATTER OF THE COMPANIES ACT, CAP. 50 I AND IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 G.Z. HOLDINGS PTE LTD |N THE mat™ of AND (In MemberS M Voluntary Liquidation) THE BU LD NG MAINTENANCE AND IN THE MATTER OF
      1,174 words
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      Lock icon Page 4 Advertisements Column 2
      48 4 A PUBLIC SPINE HEALTH SEMINAR (Backache andNeckache: Latest treatments Speaker: Dr Prem Pillay Director of Spine Services Neuro Spine and Pain Center Singapore Location: Camden Medical Center, Conference Room #09-08 Time: 6th September, 2-3pm y NEURO Registration fee: $3. Furthur info: SPINE SiewHong6B34o927orclinicsg@yahoo.com 4» PAIN i www.spine-neuro.org www.camden.com.sg
      48 words
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      Lock icon Page 4 Advertisements Column 3
      66 4 SUNSET WAY 8722/5800sqft Cosy Well Kept Hse, Nice Gdn 8M CABLE ROAD *****sqft excellent for Redevelopment/division VTO QUEEN ASTRID area *****/8000sqft Greenery View, Prestigious Address, Suited for Additions and Alterations ASTRID HILL *****sqft,flat land WIDE FRONTAGE, quiet enclave Design and Construct your own masterpiece, ALMOST SOLDI PNP» 5000/6000sqft I Designer
      66 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      434 5 rißiii IPJUicH 11****** HWB m^bT JSi ■r^^w ißHß^^^Bw'tWl^Pßi S^ri&SlSk 818 |B "Sht 3k, Smbb^bl Hst^sP^BH bVJbwlbbe Worldwide, $12 r 435 f 616 f 438 of new wealth is generated daily. Along with an equal number of opportunities. Perhaps it's time you had a Go/of Conversation. As a Citigold client, you'll
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SIA shares soar 3% to hit 5-week high
      415 6  -  YEN SREENIVASAN Spokesman dismisses rumours of another bid for China Eastern By SINGAPORE Airlines shares recorded one of its strongest rallies in recent months to close at a five-week high, triggering a slew of rumours about potential corporate activity. The stock raced
      FILE PHOTO  -  415 words
    • Article
      Lock icon SGX studies fine-tuning of research scheme
      380 6  -  LYNETTE KHOO By FIVE years after it launched the SGX Research Incentive Scheme, Singapore Exchange (SGX) is now looking at ways to fine-tune it. BT understands that SGX is back on the drawing board for its paid research scheme after recent participation levels suggest
      380 words
    • Article
      Lock icon Four F&N directors join board committees
      268 6  -  CHOW PENN NEE Spokesman says changes are routine; that the four bring skills and experience By FRASER Neave (F&N) yesterday announced additions to its board committees. In a statement to the Singapore Exchange, the conglomerate said that four existing directors will join the committees.
      268 words
    • Article
      Lock icon Penny status may well be natural evolution
      650 6  -  R SIVANITHY N A Monday column, we reportled that the Singapore market is now a penny stock market, I with about 84 per cent of listed I shares trading below the traditional penny threshold of $1 per share and 47 per cent below
      650 words
    • Article
      Lock icon Shangri-La Asia's first-half profit falls 15%
      270 6 Bloomberg [HONG KONG] Shangri-La Asia Ltd, the region's biggest luxury-hotel operator, said yesterday that firsthalf profit fell 15 per cent as costs increased and occupancy dropped because of rising airfares, natural disasters and visa rules in China. Net income dropped to U*****.7 million, or
      – Bloomberg  -  270 words
    • Article
      Lock icon S'pore Food signs MOU on Sarawak pig exports
      216 6 SINGAPORE Food Industries (SFI) has signed a memorandum of understanding (MOU) with Green Nature Richness Sdn Bhd (GNR) to develop an exclusive export channel to Singapore and beyond for the Pig Farm Area (PFA) in Sarawak, Malaysia. With the MOU, GNR will
      216 words
    • Article
      Lock icon Bio-Treat eyes stronger earnings for FYO9
      558 7  -  LYNETTE KHOO Higher revenue from completed projects, absence of bad debt provision cited By 810-TREAT Technology is expecting earnings for the current financial year to be higher than for the preceding year given the absence of bad debt provision and higher revenue stream from
      558 words
    • Article
      Lock icon Up to $12,000 up for grabs in online stock contest
      322 7  -  RACHEL SIM By CITIBANK Ready Credit and The Business Times have teamed up to launch an online stock trading competition. The Business Times-Citibank Ready Credit Online Stock Challenge begins on Monday and will run for four weeks to Oct 3.
      322 words
    • Article
      Lock icon Jade appoints new chief financial officer
      329 9  -  OH BOON PING New CFO Chong was director at boutique corp advisory firm By JADE Technologies, which was in the news earlier this year over a botched bid by its then president Anthony Soh to take over the group, has appointed a new chief
      329 words
    • Article
      Lock icon S'pore rig makers well anchored in choppy market
      474 9 Reuters THE world's top oil rig makers, Keppel Corp and Sembcorp Marine, look a good bet for weary investors as strong order books and high rig prices ensure steady earnings growth amid weakening economic growth. Singapore-based Keppel and SembMarine, whose stocks have
      – Reuters  -  474 words
    • COMPANY BRIEFS
      • Article
        Lock icon Lafe unit faces HK tax dept writ
        70 9 LAFE Corporation said yesterday that a protective writ has been issued on June 30, 2008, by the Commissioner of Inland Revenue of Hong Kong against its Hong Kong subsidiary, Lafe Computer Magnetics, for the years of assessment 2001/2002. The writ was served only
        70 words
      • Article
        Lock icon Pharmesis China unit faces legal action
        84 9 PHARMESIS International said yesterday that a minority shareholder of one of its subsidiaries in Sichuan, Longlife, has initiated legal action against Longlife and two directors to make a claim for dividend payment. The shareholder has alleged that dividends, amounting to 100,000 renminbi (5520,907), were
        84 words
      • Article
        Lock icon L-J may be put on SGX watchlist
        59 9 LINDETEVES-JACOBERG has warned that the company may be put on the Singapore Exchange's watchlist after the company recorded pre-tax losses for the three most recently completed consecutive financial years. In addition, its market capitalisation on Septl, 2008, the last market day on which
        59 words
    • Article
      Lock icon Chip Eng Seng wins third HDB job this year
      282 9  -  ARTHUR SIM Company's order book hits $843 m with latest contract worth $156 m By CONSTRUCTION and property group Chip Eng Seng has won a $156 million design and build contract for Housing and Development Board (HDB) flats at Punggol West
      282 words
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      Lock icon Page 6 Advertisements Column 1
      116 6 PHILLIP Wm*m^r All Your Trading Needs In One Platform I J i\jJlJ VfittilD J.\h3ili\ m A Mj^^^^ lu^^. JI 0 Advanced Order Types 0 Cross-market Tracking t7f Multi-Display Support 0 Enhanced Position Keeping Investments are subject to investment risks. The risk of loss in leveraged CFD trading can be substantial
      116 words
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      Lock icon Page 6 Advertisements Column 2
      264 6 A SATS LOST SHARE CERTIFICATES The following shore certificates have been reported lost, destroyed or mislaid:Nome of Company Certificate No. In the Name of No. of Shares ComfortDelGro Corporation *****44 Eng Tong Yen 500 Limited ■do- *****91 -do- 500 ■do- *****93 -do- 1,000 NOTICE IS HEREBY GIVEN that if within
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      189 7 wLm university W 111 n«P^ J Onto New Frontiers Of^GrowthNr; SGX MAIN BOARD Starting today, TEE International Limited, a mechanical and Infrastructure Engineering Rebuilding Engineering Property Investment and Development electrical engineering company, trades on the Mainboard of Estate and Facilities upgrading security and control Engineering the Singapore Exchange (SGX). AS
      189 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Traders bank on Wall St rebound
      585 8  -  R SIVANITHY STOCKS ST Index reverses early loss to close 45 points higher after oil prices tumble TRADERS all around the globe Singapore included yesterday bet on Wall Street rebounding when it reopens on Tuesday after a Monday public holiday, thanks to a sharp
      : Bloomberg  -  585 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      95 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 4 3 0 0 0 5 4 3 lanufacturing 61 44 56 10 66 52 66 Commerce 19 19 16 22 22 22 'pt/Stor/Comms 15 10 16 10 ■inance 15 13 15 13 Construction 'roperties
      95 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      114 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 10,563 10,563 59,385 59,385 lanufacturing 234,187 8,283 242,470 186,713 650 187,364 lommerce 36,630 11,669 48,299 47,339 3,935 51,274 'pt/Stor/Comms 85,053 171 85,224 248,696 26 248,722 :i nance 36,892 36,892 319,255 319,255 lonstruction 11,107 3,058 14,165 1,544 67 1,611 'roperties
      114 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 8 lapitaLand 4.450 +0.190 Olam 2.120 +0.050 lapitaMall 2.780 +0.050 S IA 15.640 +0.460 lityDev 10.400 +0.300 SGX 6.400 +0.140 losco Corp 2.300 SIAEngg 2.550 +0.070 IBS Grp 18.100 +0.200 SPH 4.160 +0.060 :&N 4.300 +0.060 ST Engg 2.870 +0.080 Sent Intl 0.510 +0.010 SembCorp Ind 4.220
      106 words
    • Article
      Lock icon BROKERS' TAKE
      1003 8  -  CHOW PENN NEE Banks DMG Partners Securities, Sept 2 SOFT interest rates: The market is concerned that the weak US economy will adversely impact Singapore's economic growth. Already, there are some signs of slowdown, with Singapore's Q2 2008 GDP growth of 2.1 per cent sharply weaker than Ql
      1,003 words
    • Article, Illustration
      Lock icon Asian units slide against greenback
      504 8 Reuters CURRENCIES [SINGAPORE] Asian currencies extended losses against a broadly stronger US dollar yesterday, prompting central banks in Thailand, Malaysia, Indonesia, India and the Philippines to defend their struggling currencies. Thailand's deepening political turmoil put additional pressure on the Thai baht which fell 0.6 per
      – Reuters; BLOOMBERG  -  504 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 8 CLOSE BT OB/OS -437.00 +242.0 BT CADI -*****.00 +25.0 BT 10-day MA -*****.00 -44.00 FTSE ST Mid Cap 621.42 -1.29 FTSE ST Small Cap 515.51 +2.33 FTSE ST All Share 679.77 +8.13 FTSE ST China Top 339.87 +2.80 FTSE ST China 340.17 +4.54 UOB Catalist 116.08 -1.13
      60 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME China Honqxinq 30,414,000 Sing Tel 27,471,000 ChinaEnerqy 23,532,000 ChinaNTown 22,262,000 Capita Land 18,925,000 Ferrochina 17,258,000 Golden Agri 17,025,000 DBS DBeCWOBIII7 16,226,000 CoscoCorpMßLeCWo9o2o3 14,940,000 Cosco Corp 12,575,000 VALUE(S) Sing Tel 98,817,130 UOB 92,570,160 Capita Land 80,998,920 DBS Grp 76,923,460 SGX 69,878,340 OCBC Bk 66,215,090 S I A
      59 words
    • Article
      Lock icon RISES
      108 8 CLOSE UP 1462 74.0 5.3 India Ni 10 SIA 200 1560 60.0 4.0 S I A 1564 46.0 3.0 Jardine C&C 1824 42.0 2.4 ISMSCI India 100 624 41.5 4.9 UOB 1910 34.0 1.8 Cifr 1040 30.0 3.' China H 10US$ 1487 21.5 1.0 DBS Gri 1810 20.0 1.1
      108 words
    • Article
      Lock icon FALLS
      108 8 CLOSE DOWN GLD 10US$ 7898-429.1 -3.7 Great Eastern 1484 -46.0 -3.0 Venture Co 950 -34.0 -3.5 Cmdfr 10US$ 368 -21.5 -3.9 SPC 530 -18.0 -3.3 Korea 10US$ 342 -15.7 -3.1 Total Access 109 -11.4 -6.8 STXPOKW100 228 -11.0 -4.6 UOBDBePW/*****3 59 -11.0 -15.7 IndoAi 100 -10.0 -9.1 BY PERCENTAGE
      108 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      85 8 Source: Reuters Sen 2 CLOSE CHNG FR Sep 1 YR2008 S$ LOW S$ HIGH USS 1.4333 -0.64 1.4542 1.3457 Euro 2.0773 0.36 2.2064 2.0474 Pounds 2.5530 0.61 2.8431 2.5530® AS 1.1951 1.77 1.3251 1.1951® Yen* 1.3181 0.20 1.4484 1.2619 Rupiah* 0.***** -0.10 0.****** 0.***** Baht* 4.1581
      Source: Reuters  -  85 words
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      166 9 TUAXTF VHTT ,ifi L^J b^ r' i, id' iH n.n m^ L .'J uij nrirv^ ■Mb %Isi [a ill ii li»Si i' i I t *-~T^i i 1-L--4H3 5-" -^i t^^i --M *Jl jj| "£Jl_» 1 "i*H 1 H HMi b i\i J t ■^i EL-H tflS* r-r Hi GPin
      166 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Property buyers defy Hungry Ghost taboo at auction market
      444 10  -  EMILYN YAP August sales of $22.75 m beat June's $11.35 m, the next highest this year By TYPICALLY a taboo time for property purchases, this year's Hungry Ghost Festival bucked the trend and worked up an appetite among buyers in the
      444 words
    • Article
      Lock icon Apec meet to focus on SMEs' global reach
      192 10 APEC ministers responsible for SMEs have endorsed the policy theme "Helping SMEs access global markets and overcoming trade barriers" for the SME Working Group (SMEWG) meetings to be held in Singapore in October 2009. Sub-themes of the meetings are market liberalisation to
      192 words
    • Article, Illustration
      Lock icon Singapore ranked top global city for meetings
      386 10  -  NISHA RAMCHANDANI But MICE industry faces short-term challenges: Iswaran By FOR the very first time, Singapore was ranked the world's top international meeting city in 2007 by the Union of International Associations (UIA). Singapore climbed from third spot previously in the 2006 rankings
      SAMUEL HE/THE STRAITS TIMES  -  386 words
    • Article, Illustration
      Lock icon Retail body chief calls for lower rents as sales droop
      395 10  -  NISHA RAMCHANDANI Jannie Tay suggests talks with landlords to tackle issue By HIGH rental levels are the biggest challenge faced by retailers in Singapore today and the problem is compounded by inflation, weakening global economies as well as lower than
      FILE PHOTO  -  395 words
    • Article
      Lock icon August manufacturing growth slips
      328 10  -  JAMIE LEE By SINGAPORE'S manufacturing sector posted a smaller growth in August in its third straight expansion compared with the previous month due to weakening export orders, the purchasing managers' index (PMI) showed yesterday. The sector grew marginally to 50.6 last month, falling one point from
      328 words
    • Article
      Lock icon 'Silver' factor boosts Maybank@Chinatown's fortunes
      379 10  -  SIOW LI SEN Opened in '60s, it's the top-performing branch this year By CHINATOWN is not exactly known for its affluent residents, but for Maybank Singapore the area is a revenue churner, home to loyal customers who throng its branch for banking services and investment
      379 words
    • Article
      Lock icon DesignSingapore gets new chief
      226 10 EDMUND Cheng, deputy chairman of Wing Tai Holdings, has stepped down as chairman of the Design Singapore Council. He is succeeded by Robert Tomlin, vice-chairman, Asia, at ÜBS Investment Bank. Mr Tomlin's term as Design Singapore Council's new chairman started on Septl. Mr Cheng continues as
      226 words
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      27 10 Digital Cameras worth $449 each! Contest ends 30 September 2008. 8.1 megapixels High performance digital image-processing engine 3.6 x Zoom-NIKKOR lens with 28mm wide-angle capability Zap Code
      27 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Brown unveils housing market support plan
      512 11 Reuters Package to help families with mortgages avoid losing homes [LONDON] British Prime Minister Gordon Brown yesterday unveiled plans to boost the country's slumping housing market as he launched a fightback after nearly a year trailing in the opinion polls. With consumer confidence crumbling
      Reuters; AP  -  512 words
    • Article, Illustration
      Lock icon OECD paints a gloomy picture for Europe
      616 11 Reuters UK nearer recession than others; US did better in Q2, but is hit by housing woes [PARIS] Europe's economy is slowing harder than predicted and Britain is nearer recession than the other big countries of a region where the economy is close
      Reuters  -  616 words
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      66 11 Smaller and Smarter U 7 *mmv "^^i: i i I _s^^k I ■"•X**t.u "-ii.. I a -'^5: ?jS';k"-': ft WBmmk..^mm» I """"^n I f )My w\ 'J m L I St^ .^Mmwv I mr r m.pj f M mmmr i I HI KLS^L I §t 51^^^ r^^r >$$-5' /Mm /"^J
      66 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Malaysia DNA bill draws unease
      520 12  -  S JAYASANKARAN Even National Front lawmakers express anxiety over its sweeping reach By in Kuala Lumpur A CONTROVERSY is brewing over a seemingly rushed parliamentary bill that gives enormous powers to Malaysian police and the Home Minister over the use of a person's DNA in
      520 words
    • Article, Illustration
      Lock icon RM4b FDI for Malaysia seen over next 6 months
      404 12 [KUALA LUMPUR] Up to RM4 billion (551.67 billion) of foreign direct investment (FDI) is expected to flow into the country over the next six months as more investors see Malaysia as a good investment destination amid concerns over a global economic
      AP  -  404 words
    • Article
      Lock icon BURSA MALAYSIA
      2209 12 >ep 2 RM ('000) A&M Realty 0.42 \bric Bhd 0.17 Advance Synergy 0.09 Adventa Bhd 0.93 AeMuIti Hldgs 0.26 Affin Holdings 1.81 Ahmad Zaki Resou 0.72 Aic Corp 0.44 \irasia Bhd 1.06 Akn Technology 0.39 Alliance Financi 2.66 Aluminium Co 1.02 Amalgamated Ind 0.46 \mmb Hldgs Bhd 2.97
      2,209 words
    • Article
      Lock icon Anwar promises more responsible Budget
      353 12 -AP [KUALA LUMPUR] Opposition leader Anwar Ibrahim yesterday slammed a widening deficit in the government's 2009 Budget that sparked concerns over Malaysia's economic health and vowed to unveil a more responsible Budget if he topples the ruling coalition this month. Mr Anwar, who was re-elected
      -AP  -  353 words
    • Article
      Lock icon Bursa to consider shorter trading hours
      323 12 [KUALA LUMPUR] Bursa Malaysia and several associations met yesterday to discuss the possibility of shortening the trading hours while a dialogue with the Securities Commission (SC) will be held later, says a report in The Starßiz. When contacted, Bursa Malaysia chief market operations officer
      323 words
    • Article
      Lock icon Indonesian food prices going up
      443 12 -Bernama Government says food stocks enough in face of holidays [JAKARTA] Prices of basic necessaries in Indonesian cities like Java, Sumatra, Kalimantan and Sulawesi are moving upward in the face of the fasting month which started on Monday. However, Antara news agency quoted Agriculture Minister
      -Bernama  -  443 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China economy sound but faces risks: FX chief
      528 13 Reuters She says significant local, global problems threaten development [BUENOS AIRES/BEIJING] China's economy is in good shape but facing significant problems both internationally and domestically, the head of China's State Administration of Foreign Exchange, Safe, said on Monday in Buenos Aires. "In
      Reuters; AFP  -  528 words
    • Article
      Lock icon Beijing urges caution on nuclear fuel deal with India
      334 13  -  SAIBAL DASGUPTA By in Beijing CHINA signalled yesterday that it was not yet ready to take a decision on a deal to supply nuclear fuel and technology to India. Chinese foreign ministry spokesman Jiang Yu urged caution in any nuclear deal
      334 words
    • Article
      Lock icon Chinese firms' profit growth slumps in H1
      439 13 Bloomberg Slowdown comes despite 8-point cut in corporate tax [SHANGHAI] Profit growth slumped at China's publicly traded companies in the first half of this year after raw material costs rose and government measures to tame inflation curbed economic expansion, stock exchange data show.
      – Bloomberg  -  439 words
  • Page 13 Advertisements
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      71 13 $0.0005 fill ■JTI to reach One reader O 800/ c yot/r advertisement online now! >^^ Read by 1.3 million daily, The Straits Times enhances your business potential. f Have your 6cm by 2 columns (7.9 cm) advertisement running on Mondays or j^m HMIiIISVViKJPH|irHMIM X jljlP 1' Tuesdays, at just $688
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  • INDIA
    • Article, Illustration
      Lock icon Gold imports up 45% as price fall fuels demand
      423 14 Reuters [NEW DELHI] India's gold imports in August jumped 45 per cent from a year ago, the first annual rise this year, as lower prices and upcoming festivals drove demand in the world's leading consumer. Local demand for the precious metal
      – Reuters; REUTERS  -  423 words
    • Article
      Lock icon India picks calm bureaucrat to lead inflation fight
      206 14 Reuters [NEW DELHI] Duvvuri Subbarao, 59, takes the top job at the Reserve Bank of India (RBI) this week, needing to calm double-digit inflation while managing slowing growth and dealing with politics as the country heads into national polls in 2009. Just
      – Reuters  -  206 words
    • Article
      Lock icon Lotus India aims to triple assets in two years
      431 14 Bloomberg Fund manager will offer new funds to tap rising Indian incomes [SINGAPORE] Lotus India Asset Management, part owned by Singapore sovereign wealth fund Temasek Holdings, plans to triple its assets to US$6 billion in two years, outpacing growth in the
      – Bloomberg  -  431 words
  • Page 14 Advertisements
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      163 14 LUXURY 1 s I -^'^i SJOj Bpj HUPP 'imißn ■2ES3S3IS3Si3E SD 52AU3 I f f* ii PARTNERS SPONSORS *****1 l I frCi \i J r~J^^l E*. i^ fc^^Bt^J I L^J BM C^^M kI t I t 1 Ofhcla Card Olndal Gaunrel PubKaion Olldal High Scdsly Pinllcdlar fill I llfilf U
      163 words
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Let institutions fail for economies to perform: Fed official
      263 15 Bloomberg [WASHINGTON] Federal Reserve Bank of Kansas City president Thomas Hoenig said for economies to work best, institutions must be allowed to "fail". Economies must "find a balance between financial stability and a stable price environment and in doing so must
      Bloomberg; BLOOMBERG  -  263 words
    • Article
      Lock icon Japan to raise 100b yen from SWFs
      593 15 Bloomberg Trade ministry officials in talks with 4 Gulf Arab states to create a fund [TOKYO] Japan plans to raise as much as 100 billion yen (Ssl.3 billion) from sovereign wealth funds (SWFs) in oil-producing nations such as Saudi Arabia to boost foreign
      – Bloomberg  -  593 words
    • Article
      Lock icon Tax probes to dog Liechtenstein banks for years
      349 15 Reuters [ZURICH] A German-led clampdown on tax dodgers has scared savers away from Liechtenstein's banks and it could take years to win them back, prompting the tiny state to seek to lessen its reliance on the tax haven business. The Alpine principality
      Reuters  -  349 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8542 15 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.952/ AIGIF S'pore Bond Fund/ A 1.338/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.85/ APS Alpha Fund (USD)! A 0.6/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9801/ APS
      8,542 words
    • ASIA-PACIFIC/WORLD
      • Article, Illustration
        Lock icon Relief as oil escapes Gustav's wrath
        752 16 AP Observers say the risk of a sharp spike in oil prices appears to have faded [HOUSTON] Waves of relief rather than water washed over the oil fields in the Gulf of Mexico after Hurricane Gustav's punch appeared to be much less powerful than
        AP; BLOOMBERG  -  752 words
      • Article
        Lock icon Formula 1 hosting fees reach US$404m
        240 16 Bloomberg Countries are using the event to promote themselves [SINGAPORE] New Formula One races in Spain and Singapore helped the sport attract higher hosting fees than broadcasting revenue for the first time in 2008, according to a report by UK-based Formula Money. Payments for
        Bloomberg  -  240 words
      • Article
        Lock icon Emerging market debt defaults worrying
        515 16 Reuters [LONDON] Rising corporate debt delinquencies and the first sovereign credit default in two years are kindling investor concerns that more emerging market borrowers could fail to repay their debt. As the global credit crunch trundles past its first anniversary, some firms and governments are
        – Reuters  -  515 words
      • Article
        Lock icon Construction spending falls more than forecast
        416 16 Bloomberg LATEST US DATA [WASHINGTON] Construction spending in the US fell more than economists forecast in July as work slowed on homes, power plants and factories, a government report showed. The 0.6 per cent decrease followed a revised 0.3 per cent gain that initially
        Bloomberg  -  416 words
      • Article
        Lock icon Buffett's real estate brokerage still making money
        436 16 Bloomberg [NEW YORK] Ron Peltier runs Home Services of America, the second-larg-est US real estate brokerage, and unlike No 1 NRT, his company is making money in the worst housing slump since the Great Depression. Home Services also has a parent, Warren Buffett's
        Bloomberg  -  436 words
      • Article
        Lock icon Cambridge bid to reach out to ordinary folk via soaps
        482 16 AP University writes to top soap producers, suggesting they include it in their story lines [LONDON] Cambridge University wants to shed its elitist image. It thinks soap operas can help. The university said yesterday it had written to producers of
        AP  -  482 words
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  • WORLD
    • Article
      Lock icon Wretched summer for hedge funds after fall from '07 peaks
      524 17  -  NEIL BEHRMANN Investors try to get out of the business with notice periods of up to one year By in London LISTED shares of global hedge-fund businesses have plunged from their 2007 peaks and are hovering around bear market lows.
      524 words
    • Article, Illustration
      Lock icon Aid agencies plan C02 offsets that also help poor
      591 17 Reuters [LONDON] From fuel-effi-cient stoves for displaced Congolese families to drought-resistant cashew trees in Brazil, some aid agencies offering carbon offset schemes want to marry emissions savings with help for people living with climate change. A London-based coalition is launching a
      – Reuters; REUTERS  -  591 words
    • Article
      Lock icon ... and call the new giant 'Frannie'
      801 17 and call the new giant 'Frannie' -NYT Merge Fannie Mac and Freddie Mac [NEW YORK] Here's a bold idea: Fannie Mac and Freddie Mac should merge. Outrageous? Maybe, but given the lengthening list of suggestions about what to do with the troubled companies, it's certainly worth considering as the value
      -NYT  -  801 words
    • Article
      Lock icon Google set to introduce its own Web browser
      459 17 Reuters [SAN FRANCISCO] Google Inc was yesterday set to introduce a new Web browser designed to more quickly handle video-rich or other complex Web programs, posing a challenge to browsers designed originally to handle text and graphics. Google officials confirmed news of
      – Reuters  -  459 words
    • Article
      Lock icon IMF upbeat on progress of SWF practice guide
      473 17 Reuters It hopes to reach an accord, although some funds are wary [SANTIAGO] The International Monetary Fund said on Monday that it was optimistic that "significant progress" was being made towards an understanding on investment practice guidelines by rich sovereign wealth funds,
      Reuters  -  473 words
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  • MOTORING
    • Article, Illustration
      Lock icon Higher rates negated by stiff competition
      611 18  -  SAMUEL EE More motor traders offer cashbacks/gifts to customers in an attempt to retain market share By CAR loan rates may have risen recently, but motor distributors are dangling more carrots as competition heats up in a softening market, thus making the impact of
      611 words
    • Article, Illustration
      Lock icon 2 Esso stations to display F1 showcar
      252 18  -  SAMUEL EE By AS PART of the inaugural Singapore Grand Prix, Mobil 1 is spending £120,000 to bring in and display a Vodafone McLaren Mercedes Formula One showcar at two Esso petrol stations. From this Saturday to Sept 23, the Fl car will
      REUTERS  -  252 words
    • Article, Illustration
      Lock icon Fabulous flyover eases traffic flow
      164 18  -  SAMUEL EE By IT'S FINALLY ready. The interchange linking Braddell, Thomson and Lornie roads, which includes a pair of ultra-high two-lane viaducts, was opened to traffic on Sunday, Aug 24. Although some minor road works still remain, the results of this $34 million project are
      JOSEPH NAIR  -  164 words
  • Page 18 Advertisements
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      143 18 ■5HE352J53E3 :t^^ Test your skills in a simulated V>W*!W^l[b||Jb Q^^ stock game that mirrors W real-time SGX prices and 33 FITj share movements. PwfjjSjjjQSgHEn S^|^^& Win Cash Prizes worth up EUmßSmSmMwShS^MmAS^^^k 1 JH State-of-the-art Features: I I 1 0001 LJj!|J|ll EEfcg NewGemstonenotebook V* Wki* ]',f tO V I design (14.1")
      143 words
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  • BusinessEventsAwards
    • Article, Illustration
      Lock icon Going for the GOLD
      490 19  -  Lee U-Wen AFTER the success of last year's inaugural Singapore Business Events Awards (SBEA), this year's event will again pay tribute to the achievements of major players helping to drive tourism. The business events or Meetings, Incentive Travel, Conventions and Exhibitions (Mice) industry has been identified
      490 words
    • SINGAPORE BUSINESS EVENTS AWARDS 2008
      • Article, Illustration
        Lock icon Not your conventional venue
        601 20 The Raffles City Convention Centre has garnered this year's Business Event Venue Excellence award, reports lee u-weim ITS name is synonymous with many of t Singapore's most high-profile exhibi- I tions and conventions. Hosting prime I ministers from all over the world, global I CEOs from
        601 words
      • Article
        Lock icon 'Encouraging response' to cal for entries
        357 20  -  LEE U-WEN By IN a change from last year's inaugural edition, this year's Singapore Business Events Awards (SBEA) saw the introduction of a bonus point system, which rewards industry players who have undertaken green and corporate social responsibility initiatives. This new system will give
        357 words
      • Article, Illustration
        Lock icon It's all in a day's work for this doctor
        543 22 The 'Father of Rheumatology', Feng Pao Hsii, is this year's Business Event Ambassador of the Year, writes emilym yap WIDELY known as the "Father of Rheumatology", Feng Pao Hsii is no stranger to awards and accolades for his clinical and research
        FILE PHOTO  -  543 words
      • Article, Illustration
        Lock icon A global village approach nets award
        391 22  -  NOOR AISHA By WORLD Vision International managed to impress the judges of the Singapore Business Events Awards (SBEA) with its "creative approach of bringing the 'field' to Council", according to Kath Sowter, council coordinator, World Vision International Singapore. The company clinched the top spot
        391 words
      • Article, Illustration
        Lock icon Full steam ahead for Maritime Week
        478 23 The event is only a few years old but it has already picked up the Convention of the Year award, writes lee u-weim THE annual Singapore Maritime Week may only be two years old, but already it is fast garnering a reputation as a
        FILE PHOTO  -  478 words
      • Article, Illustration
        Lock icon Kingsmen makes it two in a row
        548 24 It has already taken the next step to go beyond offering just innovative designs, says lee u-wen TWELVE months ago, it stood head and shoulders above the competition in clinching the inaugural Service Partner Excellence award. Last night, Kingsmen Exhibits Pte Ltd made
        548 words
      • Article, Illustration
        Lock icon Passion the driving force
        559 25 This year's winner of the Most Innovative Marketing Initiative award is a travel distribution and marketing event that blends serious content with a fun attitude, reports lee u-weim IT took less than three years for Yeoh Siew Hoon to help grow her fledgling Web In Travel
        559 words
      • Article, Illustration
        Lock icon Championing the exhibition industry
        529 25  -  MELISSA YEO By FOR the second year running, Singapore Exhibition Services (SES) has turned up trumps at the Exhibition of the Year Award. Having been in the exhibition industry since 1975, SES is a top organiser of trade events in Asia, including exhibitions and conferences in
        529 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      511 19 Supplement Coordinator: Lee U-Wen Sub Editor: Lee Kirn Siang Cover design and illustration: Ludwig llio We give your business koelnmesse mv we energize your business new momentum Koelnmesse is one of the world's largest trade fair organizers and our Mark YOUT Calendar WJth theSe keY eVeiltS Jll ASJa international trade
      511 words
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  • Page 20 Advertisements
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      59 20 Where the Business of Technology Comes to LIFE Held in conjunction with: Enterprise *****7 Broadcast/\sia2OO7 interhctivqiijt <2) OVERDRIVE We dedicate this award to all our valued clients, business partners, supporting associations and suppliers, and staff. CommunicAsia2oo9 will return from 16-19 June 2009 at the Singapore Expo Organised by MM AN
      59 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      107 21 M I I IS X vl Suntec Singapore is honoured to be a finalist at the Singapore Business Excellence Awards 2008. we thank our clients and service partners for providing us opportunities to showcase our creativity and ability to deliver excellent service. Most importantly, we thank our staff for their
      107 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      260 23 The Definitive Guide for the MICE industry in Singapore The Singapore Convention 8r Exhibition Directory is a complete guide to the convention and exhibition organisers, venues, facilities and the relevant products and services available in Singapore. Regular features include: MICE Industry Profile Useful Information Calendar of Events (Conventions Exhibitions) n^^ftP^P
      260 words
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  • Page 24 Advertisements
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      159 24 Kingsmen A communications design and production group in Asia Pacific We did it again! Thank you for your trust continuous support. I N -*^^^KBFi^wW francos* 1--' Exhibitions, Events Museums Retail Office Interiors Integrated Marketing Communications Research Design Winning the Service Partner Excellence Award for the second consecutive year is an
      159 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      111 25 It All Adds Up To Outstanding Success Singapore Expo raises the bar to new heights for world-class Meetings, Incentives, Conventions and Exhibitions. In addition to 100,000 sqm of column-free space, we offer unparalleled functionality, comprehensive and well equipped facilities as well as the highest standards for serv cc excellence all
      111 words
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  • AVIATION
    • Article, Illustration
      Lock icon No end in sight for troubled US airline industry
      776 26 -AP Carriers coping by grounding ageing planes, trimming flights and routes [NEW YORK] America's airlines had hoped for a fresh start after Labour Day, with streamlined schedules and smaller fleets that were meant to help them cope better with the high
      -AP; ."■: .. .-;- ■ ,'■- :■-:-.. – I AFP  -  776 words
    • Article, Illustration
      Lock icon Ferrovial in Q2 loss on Heathrow costs
      486 26 Bloomberg [MADRID] Grupo Ferrovial SA, the Spanish builder that spent US$2O billion buying British airport operator BAA Ltd, posted a se-cond-quarter loss on costs for a new Heathrow airport terminal and slowing construction in Spain. The net loss was 19.8 million euros (5541.2
      Bloomberg; BLOOMBERG 7 _ ,7 j-7 j.  -  486 words
    • Article
      Lock icon SpiceJet may post profit next year
      281 26 Bloomberg [MUMBAI] Spice Jet Ltd, India's second-biggest budget carrier, may post a profit next year as it raises fares and jet-fuel prices fall. Increases in ticket prices and lower costs will also help Spice Jet narrow losses this year, Ajay Singh, a company director,
      Bloomberg  -  281 words
    • Article
      Lock icon ADB criticises Manila over failed airport project
      171 26 -AFP [MANILA] The Asian Development Bank yesterday criticised the Philippine government over a failed US$l67-mil-lion airport project. The government had planned improvements for major regional airports and minor upgrades elsewhere under the 1998 project. But the bank said it had cut off funding
      -AFP  -  171 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2526 26 AIRLINE CODES: AA: Amencao Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,526 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      254 26 CRYPTIC CROSSWORD ACROSS content (6) HH HH Gosh endless meat con- hh H^^M ning home (6) HM HM missed as a cricketer (3,3) 29 What's troubled me dad's 7 a comedian could come 26 Ascetic type sitting in wilpet bolted (9) from this country (9) derness, enervated (6) 30 Had
      254 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Piracy in Gulf of Aden a different kettle of fish
      454 27  -  VINCENT WEE Malacca straits incidents less violent as they don't involve militia: ReCAAP ISC Reports by [SINGAPORE] The piracy problem that used to exist in the Strait of Malacca cannot be compared to the problem that now exists in the
      FILE PHOTO  -  454 words
    • Article
      Lock icon Most carriers must just tough it out
      544 27 WHILE the worsening piracy situation in the Gulf of Aden is a worry for all in the shipping industry, not all players can choose to do the same as MISC barring its vessels from entering the area. Following the hijacking of two of
      544 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        101 27 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship ....unch 0.35 2.30 0.65 1.74 1.11 0.07 1.00 1.24
        101 words
      • Article
        Lock icon KLSE
        35 27 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings unch 8.65 8.55 3.50 3.00 0.13 0.12 unch -0.05 -0.05 0.02 unch -0.01 unch 27( 59( 113: 147! 121
        35 words
      • Article
        Lock icon BANGKOK
        7 27 '00 ■recious Ship 18.50 -0.90 17:
        7 words
      • Article
        Lock icon HONGKONG
        11 27 '000 Doil iingamas Cont .25.95 ...1.76 -0.65 -0.09 121! 10:
        11 words
      • Article
        Lock icon PHILIPPINES
        17 27 '000 Aboitiz Equity Intl Container Keppel Marine 7.30 28.00 2.50 unch 94 -0.50 1440 0.14 *****
        17 words
      • Article
        Lock icon TAIPEI
        14 27 Evergreen Marine ....17.05 :irst Steamship 59.20 ManHai Lines 16.55 -0.45 -0.10 -0.20 1
        14 words
      • Article
        Lock icon TOKYO
        39 27 '000 (awasaki Hvy Ind ..236.00 -4.00 1032! (awasaki Kisen 719.00 -25.00 759! Mitsubishi Hvy 526.00 -4.00 ***** i/litsui Eng&Sbldg ..219.00 -10.00 ***** 1/litsuiOsk Lines ...1238.00 -30.00 8281 Nippon Express 497.00 -6.00 423: JipponYusen 836.00 -20.00 685! 'iource: Reuters
        39 words
    • Article
      Lock icon SK Energy may join Posco to bid for Daewoo stake
      431 27 Bloomberg Posco 'trying to up chances of acquiring Korean shipbuilder' [SEOUL] SK Energy Co, South Korea's biggest oil refiner, may join Posco to bid for a controlling stake in Daewoo Shipbuilding Marine Engineering Co in what would be the biggest
      Bloomberg  -  431 words
    • Article
      Lock icon Emission standards to get tougher soon
      304 27  -  VINCENT WEE By [SINGAPORE] Tackling emission issues is something ship owners cannot run away from and they are facing up to the challenges at hand through various means, said the International Chamber of Shipping's marine director Peter Hinchliffe at a seminar organised by the
      304 words
    • Article
      Lock icon Treating seafarers respectfully
      860 27  -  DAVID HUGHES By US Coast Guard has commendably instituted measures vastly improving the situation STRAIT TALK SINCE the Sept 11, 2001 terrorist attacks on the United States, security has gone as everybody in the industry knows right to the top of the agenda. We now, of course,
      860 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Thailand's costly political mess
      493 28 THE declaration of a state of emergency in Bangkok yesterday morning by Thailand's embattled Prime Minister Samak Sundaravej was unfortunate, but it has to be said warranted. With violent clashes between pro- and anti-government elements escalating on the streets of the Thai capital and attempts to
      493 words
    • Article, Illustration
      Lock icon Indonesia stands up to Western 'viro-piracy'
      1141 28  -  HARISH MEHTA Its position on bird flu virus supplies is aimed at safeguarding the health of the poor THE Indonesian government is worried that drug companies in the developed world are commandeering Indonesia's medical resources. In a bid to protect its interests, Indonesia has
      AP  -  1,141 words
    • Article, Illustration
      Lock icon Post-Olympics China must press on with Deng's legacy
      777 28  -  FRANK CHING THE BOTTOM LINE THE Beijing Olympics are over, and to the relief of many, with no terrorist attacks or disasters except for the fatal stabbing of an American at the beginning of the Games. In fact, the verdict is virtually
      777 words
    • Article, Illustration
      Lock icon A good brand vs bad customer service
      1346 29  -  JOE BALADI For brands that are already considered to be great, such as Samsung, failure to deliver can be self-destructive By THAT any brand should damage itself deliberately is surprising and counter-intuitive. But when a good brand nay a "great" brand many would
      1,346 words
    • Article, Illustration
      Lock icon A modest proposal
      937 29  -  WILLIAM PESEK JR If a first-term governor of Alaska can be considered for vice-president of the world's biggest economy, why not let an inexperienced gaijin lead the second-largest? HERE'S a pub quiz expatriates in Tokyo pull out around the time the third bottle of sake arrives: Quick,
      REUTERS  -  937 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      5348 30 Transaction date: Sep 2 52-wks Tel |h Low Code Last Sale Vol ('000) Hi 1 Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap $mil Hii Coi 5716 1st Software 16 5 3148 STelecom 2M i 6d5 S sf°sTe 202? II IS &IVf°T
      5,348 words
    • Article
      Lock icon SGX XTRANET
      58 30 Hi. Low Code Comi Sale COOP) Hi. Low Bm Seller C'vr P/E > m II ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P5OO US*****d US6200 US1000 US***** 351 ***** ***** ***** 6170 SPDRS 398.3 277 6009 STI ETF US*****d
      58 words
    • Article
      Lock icon SGX CATALIST
      1791 30 52-Wk Tel High Low Code Last Sale Vol fOOO] Day Last Quote |h Low Buyer Seller Div GrYld Net MCap Cvr P/E $mil Comi >an' Hii 20 11.5 1181 s AAGrp 30.5 15 5000 sABRHIdgs 32 18 8538 s APStrategic 10 2 1501 s Advanced System 38 17.5
      1,791 words
    • Article
      Lock icon CLOB INTERNATIONAL
      207 30 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      207 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      32 30 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB W& 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. 1 M Internet: Http://www.audemarspiguet.com m I j Sjß^jß
      32 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      371 31 Se P 2 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Se| World Index Preliminan 961.3 -0.3 -15.1 0.0 -16.8 -0.7 -15.9 EAFE Preliminai 907.7 -0.7 -19.0 -0.7 -21.1 -1.4 -20.3 Euri Preliminan
      371 words
    • Article
      Lock icon PALM OIL
      59 31 Delivery Month Opening Range Sett Av Price Price Hii Vol Open Done Position Low Sep 08 2500 Oct 08 2480 Nov 08 2500 Dec 08 2488 Total o/p: ***** contracts 2450 2500 2435 2466 2525 2428 2484 2536 2434 2490 2548 2444 Turnover: ***** Market tone: Lower 72
      59 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 31 I 2 STI SIMSCI Am 337 343.6 343.5 Taiwan Aui 260.8 261.4 257.0 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 31 Sep 2 Bid Offer 1-month 1.4281 1.4294 2 months 1.4263 1.4276 3-months 1.4244 1.4258 6 months 1.4189 1.4203 Source: OCBC
      23 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      151 31 Sep2 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1955 1.1966 0.8358 0.8359 Canadian dollar 1.3335 1.3352 0.9322 0.9327 Euro 2.0737 2.0758 1.4497 1.4501 NZ dollar 0.9775 0.9790 0.6834 0.6839 Sterlini ind 2.5553 2.5578 1.7864 1.7868 US dollar 1.4304 1.4315 S$/US$
      151 words
    • Article
      Lock icon SICOM FUTURES
      286 31 Sep 2 KUbbbK Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Oct 08 Nov 08 Dec 08 Jan/Mar 09 Apr/Jun 09 Jul/Sep 09 417.50 413.50 411.75 410.00 411.50 413.00 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
      286 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      129 31 I 9am Sep 2 1 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2050 1.2190 Can dollar 1.3270 1.3430 Euro 2.0680 2.0910 NZ dollar 0.9810 1.0020 Sterlini ind 2.5430 2.5721 US dollar 1.4190 1.4350 Local dollars to 100 units of foreign
      129 words
    • Article
      Lock icon INTERBANK RATES
      173 31 Sep,2 Overnight 11/16 1-month 1 2-months 1 1/8 3-months 1 3/16 Overnight mode: 9/16 USS Offer 9/16 7/8 1 1 1/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.40 2.62 2.83 3.00 3.18 3.30 3.40 Offer 2.30 2.52 2.73
      173 words
    • Article
      Lock icon INTERBANK CROSS RATES
      451 31 s ep2 Iuro ren Ion •eso Earn ■oum Australia 0.896 5.724 0.576 6.526 37.133 76.898 0.905 9.476 2.862 1.223 63.734 38.917 1.196 6.534 0.927 26.580 28.828 0.468 0.836 Canada 1.116 6.386 0.643 7.280 41.426 85.789 1.010 10.572 3.193 1.364 71.102 43.417 1.334 7.290 1.034 29.653 32.162 0.522
      451 words
    • Article
      Lock icon PRECIOUS METALS
      135 31 Sep 2 GOLD (USS/oz) Sep 02 Sep 01 Hong Kong London 805.60 831.50 806.60 832.50 Sep 01 Aug 29 817.15 834.10 818.75 835.10 Source: Reuters CAST BAR S$) SepO2 Buying Sellim Kilobar ***** PAMP GOLD BARS 6$) Selling ***** Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz
      135 words
    • Article
      Lock icon SIBOR
      75 31 Sep 2 1 mth 2.***** 1.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid
      75 words
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      Lock icon GOVERNMENT SECURITIES
      91 31 Sep 2 Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****T 04.12.08 1-Year BY*****N 04.05.09 1.01 1.19 1 0.95 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hii Day's igh Low 2-Year NX*****T 4.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year NY*****A
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    • Article
      Lock icon LONDON METALS
      71 31 LONDON METALS c Co iiuiii, yy.i (USS/tonne) Close Previous Cash 2654.80 2664.20 3 months 2705.00 2714.00 Copper, Grade A (USS/tonne) Cash 3 months 7330.00 7305.00 7552.00 7510.00 Lead (USS/tonne) Cash 1924.50 3 months 1935.00 1969.00 1975.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash
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    • Article
      Lock icon LIFFE
      77 31 Sepi COCOA (Btonne) Close Prev Hii ih/Low Sep 08 1602 1637 1651/1578 Dec 08 1618 1654 1667/1591 Mar 09 1617 1651 1660/1590 May 09 1610 1644 1639/1586 COFFEE (USS/tonne) Close Pev High/Low Sep 08 2223 2296 2296/2220 Nov 08 2247 2336 2342/2235 Jan 09 2249 2332 2350/2240 SUGAR (US
      77 words
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      Lock icon CHICAGO BOT
      103 31 1 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 08 1332.00 1332.50 1347.00 1329.00 Nov 08 1324.00 1324.00 1338.00 1318.00 Jan 09 1341.50 1341.25 1355.00 1336.50 Mar 09 1353.75 1353.75 1365.00 1352.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 08 53.40 53.34 53.85 53.05 Oct
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 31 CRUDE OIL PRODUCTS Sep 1 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 109.83 -5.62 WTI (Near Mth) 110.87 -4.79 Dubai (1-Mth F) 111.07 -0.67 Tapis blend 122.05 -1.00 Minas 117.05 -1.00 PRODUCT USS/barrel (FOB S'pore) Close Chanqe Naphtha Jet Kerosene 109.77 132.76 0.22 -2.49 USS/barrel Opec Oil
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      314 31 s ep2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep08 Dec08 Mar09 Jun09 97.1800 97.0100 97.0250 96.8800 ***** ***** ***** 5662 EUROYEN TIBOR FUTURES Sep08 99.160 99.160 Dec08 99.175 99.175 Mar09 99.220 99.225 Jun09 99.200 99.200 Sep09 Dec09 Mar10 Jun10 99.145 99.175 99.215 99.200 99.150 99.175
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    • Article
      Lock icon BONDS & WARRANTS
      918 31 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 3816 Asiasons Capital W*****7 5 -1 18 1 6 -8 2.04 12 2878 Aztech Systems W*****6 3.5 -0.5 2 1 51 241 4.57 22 4014Capitaland BNP ECW*****8 8 0.5
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      175 31 fll^^t A What fuels the rise and fall of energy prices: VsOFTGCIIOn 111 ivf ijL I Strength of the U.S.dollar Fund activity and speculative interests |^|P| IfiA 111 PriCOC r H fl Geopolitical tensions in oil-producing countries V/lUUC Vyil r I lUCO %m^^^ XP[ Demand and supply of oil products
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      2786 32 Mm The Business Times Shipping Times A W WAN HAI INTERNATIONAL PTE LTD cr NO: **********0/R llb BllßEiffiStSßGfeESHSSsHaffiSEllliiH %T~ ■■■>*■ TEL *****588 (14 LINES) FAX: *****163 It W^n^WmfKC^^ i^Li^S WBt&tWIMXmXiIKEI XAM^WAN HAI INF\ Calomel Servi<e/Bookin 9 s Dite<l Line (1800) *****200 I A I I I"l^W> I BwjwsjasiwJKllßss3taaanilM BHBBmBnBBBBBSaiBIffiBBBIWffi^I V
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      3351 33 RICKMERS-LINIE p-h «h,, |TJTjr\ EASTERN CAR LINER, LTD I g|) QG^lf^^ uSr gk'BU'k/PrOieCt/SOC COnVen"Ong' WebS"e: ~ritk—^- |-§_J SPECAUZE IN roro > heavy l.ft »PTO 450 ions! WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov "I SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB I
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      3221 34 111 J A MnCDCCM Tel: 65-*****907 Fax: *****917 I >^™ "^l wmm D IS D E H A^*^/ i.^^^^iasssswr. r& glory navigation group I K^lBHlllBllffPillHliiPiiliHflM RMMiI HP north west express line flUfcafrtflMMSia/**] MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS [laIES AtE aHIVaI DaIES SINCE 1970 R^H I VESSEL I VOY
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      3870 35 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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  • EXECUTIVE MONEY
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      Lock icon Institutions picking up regional stocks again
      470 36  -  GENEVIEVE CUA Fidelity looks to Asia's growth to help fuel its expansion By INSTITUTIONAL investors are beginning to venture into regional equity markets again, says Brett Goodin, Fidelity Investments Asia Pacific president and chief executive. "A lot of institutional investors had taken some money
      BLOOMBERG  -  470 words
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      Lock icon Sub-Saharan Africa offers dazzling returns
      738 36 LAT-WP [NAIROBI, Kenya] To a growing number of foreign investors, sub-Saharan Africa represents much more than the ethnic clashes, coups, bouts of genocide and natural disasters that have scarred many countries in the region. It represents dazzling opportunities to make money. "If you look at
      – LAT-WP  -  738 words
    • Article
      Lock icon Focus on the basics in testing times
      1290 37  -  ERIK STERN By CAPITAL has a cost. But for the past seven years, many companies and their bankers forgot this fact. More open financial markets, stringent monetary policy and intelligent fiscal policy resulted in lower political risk and inflationary expectations. These, in turn,
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      Lock icon An end to credit crisis: focus on how, not when
      1115 37  -  NORMAN VILLAMIN It's time to look back to the Asian crisis for a road map to the current crisis HE most consistent question I've encountered with clients over the past year has been: "When is it going to be over?"
      : Bloomberg; Citi Investment Research; Haver Analytics and Citi Investment Research-US Equity Strategy  -  1,115 words
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      Lock icon Asians want to bet more on property
      925 38 Barclays Wealth survey says more individuals in Asian and emerging markets would like to up property allocation, reports GENEVIEVE CUA MASS affluent and high net worth individuals in Singapore would like to invest more into property, a survey by Barclays Wealth has found.
      AFP'; Barclays Wealth  -  925 words
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      224 36 Our years of experience means a better trading experience for you. Fair and transparent prices. Easy-to-use trading platforms. Excellent customer support. City Index has over 25 years' experience delivering a market-leading service to our clients including: sophisticated trading tools, firm quotes, accurate tracking of underlying instruments, competitive spreads and margins,
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      100 38 Vn Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but shaped by the future. Always looking at opportunities and challenges from a different point of view. Bringing together new partners to achieve results that can make the difference for our clients. Because our
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  • Page 38 Miscellaneous