The Business Times, 11 September 2008

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Total Pages: 32
1 32 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIEMS SINGAPORE 85 cents online at http://www.businesstimes.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Thursday, September 11,2008
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  • Article, Illustration
    Lock icon Another treat for you this weekend
    196 1 IF YOU missed the first issue of the revamped, compact BT Weekend, don't worry. The next one's on its way. This time you hear from a Singaporean who ran with the Olympic torch in China. In her Letter from Abroad, Lenovo's Janet Ang (above)
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  • Article
    Lock icon Lehman to cut losses, says it's safe for now
    673 1  -  ANDREW MARKS After USs3.9b Q3 loss, the investment bank will spin off real estate arm, sell majority stake in investment-management division By/ in New York ONLY a few days after Wall Street was buoyed by the US government's plan to rescue
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  • Article
    Lock icon As £ plunges, S'pore firms get pounded
    708 1  - As plunges, S'pore firms get pounded SIOW LI SEN Those that didn't hedge find export receivables falling By [SINGAPORE] The free-fall-ing British pound is hurting exporters and Singapore companies with investments and operations in the UK. The pound is down 3 per cent against the Singapore dollar since the beginning
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  • MARKETS DIGEST
    • Article
      Lock icon Untitled
      16 1 TST INDEX 2,622.41 (-50.80) TST INDEX FUTURES 2,623 (-51) TSIMSCI 322.95 (-5.29) TSIMSCI FUTURES 322.80 (-6.00)
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    • Article
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.782 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.88 INDIA 13.75 Source: Bloomberg
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    • Article
      Lock icon MARKETS
      43 1 1 COMP 1,062.70 -5.85 IIKKEI225 12,346.63 -54.02 1ANG SENG 19,999.78 -491.33 ;et index 655.54 -8.07 JAKARTA COMP 1,885.04 -73.71 1ANILA COMP 2,709.49 -12.03 ;eoulcomp 1,464.98 +10.48 ;henzhenb 353.23 +0.84 IUMBAI IND 14,662.61 -238.15 12N00N EDT Cham )OW 11,306.05 +75.32 IASDAQ 2,224.25 +14.44
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    • Article
      Lock icon FOREX
      40 1 IS$ (S$ per US$) 1.432 (US$/S$ per 1.767 2.531 iURO (US$/S$/E) 1.416 2.028 'EN 107.30 74.90 3.459 2.414 IK$ 7.799 5.445 !AHT 34.61 24.16 lUPIAH 9,337 6,518 lENMINBI 6.838 4.774 INDIAN RUPEE 45.10 31.49 1.239 0.865 IZ$ 1.491 1.041
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      3 1 8 *****1 *****4
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      64 1 PATEK PHILIPPE Begin your own tradition. after it for the UflW Men's Perpetual Calendar ne-vt generation. H^l Ref. 5159 c by Patek Philippe. ESTS \^^H 1954 SINCERE fine wat c he s SINGAPORE LUCKY PLAZA TEL (65) 6737 4593 SUNTEC CIIY MALL TEL(65)*****150- TAKASHIMAYA SHOPPING CENTRE TEL (65) 6733 0618
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      51 1 PROPERTY I yL CHARITY WORK BizlT BE INSPIRED I —I More PRs snapping v: Spore perfect place for Big demand for Zap for daily inspiration. _h up private homes tm grooming NGO leaders: Jet Li web conferencing Win a Nikon Digital page 32 page 10 page 28 Camera! page 4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Different strokes for different SWFs: MM Lee
      693 2  -  LEE U-WEN He says each is unique and driven by different goals By [SINGAPORE] While some may regard sovereign wealth funds (SWFs) around the world as similar outfits with overlapping motivations, Minister Mentor Lee Kuan Yew prefers to look at each one as
      BLOOMBERG  -  693 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Lehman to cut losses, says it's safe for now
        98 2 ONLY a few days after Wall Street was buoyed by the US government's plan to rescue and take over Freddie Mac and Fannie Mac, another major financial institution, Lehman Brothers, kept markets on a yo-yo. Yesterday, it sought to allay the
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      • Article
        Lock icon Different strokes for different SWFs: MM Lee
        92 2 WHILE some may regard sovereign wealth funds around the world as similar outfits with overlapping motivations, Minister Mentor Lee Kuan Yew prefers to look at each one as a unique entity with its own individual goal. "Norway is in a happier position than
        92 words
      • Article
        Lock icon Marina Bay Financial Centre Phase 1 over 65% leased out
        59 2 THE first phase of Marina Bay Financial Centre is 65.6 per cent pre-leased, almost two years ahead of its completion in Q2 2010. Two big names from Australia, BHP Billiton and Macquarie Group, are among the latest tenants announced by
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      • Article
        Lock icon Q3 revenue will be at lower end of guidance: Chartered
        61 2 CHARTERED Semiconductor Manufacturing yesterday updated an earlier guidance for its current third quarter. In its customary mid-quarter update, the Singapore contract chipmaker reiterated its earlier Q3 forecast, but said that its revenue and plant capacity utilisation will be at the
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      • Article
        Lock icon Ousted director sues Oculus for pay, bonuses
        83 2 AN ousted director of Oculus is suing the company for salary and bonuses he claimed was not paid to him. In his writ, Jan Tangkilisan alleged that the company owes him bonuses for last year and this year, salary for the period of
        83 words
      • Article
        Lock icon Malaysia's July exports surge 25% to RM63b
        68 2 MALAYSIA'S exports amounted to RM63.4 biUion (5526.24 billion) in July, a robust 25.4 per cent year-on-year expansion achieved mainly on the back of an unexpectedly strong performance by electrical and electronic (E&E) products. Continuing on its fine run in recent months, the E&E
        68 words
      • Article
        Lock icon Thailand banks seen surviving credit crunch
        77 2 THAILAND'S banking sector can weather the global credit crunch, but domestic political instability continues to threaten its economy, finance observers said yesterday. The industry's sound credit fundamentals, net external debt position, and strong capitalisation will allow it to ride out the global slowdown, speakers
        77 words
      • Article
        Lock icon More PRs snapping up private homes
        52 2 THE proportion of permanent residents in the pool of foreign buyers of private homes here has been rising since the third quarter of 2007, when the US sub-prime crisis struck, according to DTZ's analysis of caveats data from Urban Redevelopment Authority's Realis system. PROPERTY,
        52 words
    • Article
      Lock icon Another controversy comes in to land
      546 2  -  YEN SREENIVASAN SELETAR AIRPORT By [SINGAPORE] Another controversy has erupted at Seletar Airport as business-avia-tion operators cry foul over nlans hu thp anthnritips tn \^J\ ar^T^lX^ contract to a monopoly operator Business-iet operators h h tlHh th P e• n yfg d c eve
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    • Article
      Lock icon Over 65% of Phase 1 leased out
      377 3  -  KALPANA RASHIWALA MARINA BAY FINANCIAL CENTRE BHP Billiton and Macquarie take up total of more than 216,000 sq ft By [SINGAPORE] The first phase of Marina Bay Financial Centre is 65.6 per cent pre-leased, almost two years ahead of its completion in Q2
      377 words
    • Article
      Lock icon Big Bang experiment starts on a high
      384 3 Reuters, AP Most ambitious physics experiment ever to study origins of the universe [GENEVA] The world's most ambitious physics experiment got underway yesterday as international scientists aimed to recreate the conditions of the "Big Bang" that created the universe. The "lab" was a
      – Reuters, AP  -  384 words
    • Article, Illustration
      Lock icon More chaos ahead for US banks: Jim Rogers
      293 3 Bloomberg [NEW YORK] US fmancials face more "chaos" as the credit market worsens, investor Jim Rogers predicted. "Balance sheets of many of these financial institutions are still terribly impaired and there are more problems to come," he said during a Bloomberg Television
      – Bloomberg; BLOOMBERG  -  293 words
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      269 2 r-A^ Pravasi Bharatiya Divas Singapore C3\§!Kr) Towards a Dynamic Indian Diaspora 4^p4 J 9-H October 2008 Suntec Convention Exhibition Centre, Singapore For more information; www.pbdsingapore.com.sg A Premier International Business Conference for the Indian Disapora held for the first time in Singapore Conference highlights include: Identifying long-term business trends in India
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      46 2 I to Mr Ng Siow How On being conferred the National Day Award 2008 Public Service Medal Pingat Bakti Masyarakat (PBM) By His Excellency, The President of the Republic of Singapore w. With Best Wishes From: i SUi DATAPULSE TECHNOLOGY LIMITED DATAPULSE TECHNOLOGY w~w~ w....w —ww.
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      9 3 *The Straits Times is read by 1.3 million daily.
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      71 3 has its origins in the town of Ur in Mesopotamia. In 6000 BC. Ur's inhabitants, the Sumerians, defined the very M <^^f first unit of time; thus laying the foundation for the measurement M B ■^■^r IC of time as we know it today. Our work is a tribute to
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Chartered updates Q3 guidance
      347 4  -  ONG BOON KIAT It says Q3 plant utilisation, sales will be at low end of previous range By CHARTERED Semiconductor Manufacturing yesterday updated an earlier guidance for its current third quarter. In its customary mid-quarter update, the Singapore contract chipmaker reiterated its earlier Q3 forecast, but
      I BLOOMBERG FILE PHOTO  -  347 words
    • Article
      Lock icon FSLTs bold move to woo US investors
      630 4  -  VINCENT WEE WITH shipping trusts caught between the devil and the deep blue sea trying to boost volume while fighting investor ignorance, First Ship Lease Trust (FSLT) has embarked on a brave overseas foray to quote American Depository Receipts (ADRs) on the US-based
      630 words
    • Article
      Lock icon Ousted director sues Oculus for pay, bonuses
      329 5  -  CHOW PENN NEE Company says it is contesting Tangkilisan's claim and will be filing counterclaim By AN ousted director of Oculus is suing the company for salary and bonuses he claimed were not paid to him. In his writ, Jan Tangkilisan alleged that
      329 words
    • Article
      Lock icon Eng Wah wins support for property sale
      543 5  -  OH BOON PING EGM WATCH Next EGM could prove trickier for management By THE first extraordinary general meeting (EGM) was a straightforward one, but expectations are that the second meeting could be a lot trickier. At Eng Wah Organisation's EGM yesterday, some 40
      543 words
    • Article, Illustration
      Lock icon Stamford Tyres Q1 earnings up 10% at $3.3m
      378 5  -  CONRAD TAN By STAMFORD Tyres Corp's net profit rose 10.3 per cent to $3.26 million for the three months to end-July from a year earlier, boosted by strong tyre sales across South-east Asia. The tyre and wheel distributor said total revenue for
      FILE PHOTO  -  378 words
    • Article
      Lock icon SembMarine wins $99m tanker contract
      359 6  -  VINCENT WEE It will convert a deadweight ship to a FDPSO vessel for Dynamic Producer By SEMBCORP Marine unit Sembawang Shipyard has won a $99 million contract to convert a 111,567 deadweight ton tanker into a floating, drilling, production, storage and offloading (FDPSO) vessel for
      359 words
    • Article, Illustration
      Lock icon Youcan's premises taken by Chinese authorities
      350 6 FROZEN food and ice-cream maker Youcan Foods International yesterday announced the compulsory acquisition of its factory and office premises in Hangzhou City, Zhejiang Province, by Chinese authorities. The acquisition is in "accordance with the group's capacity expansion programme", Youcan said. It has not been
      W22& FILE PHOTO  -  350 words
    • Article, Illustration
      Lock icon Controversy brews over Cosco share options scheme
      544 6  -  LYNETTE KHOO Former top official says group complied with SGX rules By ANOTHER controversy is brewing at Cosco Corp (Singapore) this time over its share options incentive scheme. Cosco Corp's former vice-chairman, president and executive director Ji Hai Sheng said the group has
      FILE PHOTO  -  544 words
    • Article
      Lock icon China Cosco leads Asian lines in decline
      401 6 Bloomberg [TOKYO] China Cosco Holdings Co, the world's largest dry-bulk ships operator, fell the most in almost eight months and led declines among Asian lines, including Singapore's Neptune Orient Lines, as transport rates plunged after an iron-ore producer demanded higher prices. China Cosco
      Bloomberg  -  401 words
    • COMPANY BRIEFS
      • Article
        Lock icon Coalmine running normally: Noble
        85 6 Bloomberg. IN a statement filed with the stock exchange, Noble Group said one of its coalmine sources in Indonesia's South Kalimantan region is running normally, denying an earlier Reuters report that operations were disrupted by heavy rains, forcing Noble to declare force majeure on shipments, according
        Bloomberg.  -  85 words
      • Article
        Lock icon Strong demand for UOB share offering
        71 6 AN offering of United Overseas Bank (UOB) preferred shares aimed at institutional investors has closed earlier than expected due to strong demand, indicating success for the bank's Ssl billion deal. The transaction, which also includes a retail tranche, is now oversubscribed, and lead managers
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      • Article
        Lock icon UOB subsidiary dissolved
        27 6 UNITED Overseas Bank Limited (UOB) said yesterday that Singapore UMB (Hong Kong) Ltd, a wholly owned subsidiary of UOB, has been deregistered and dissolved
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      • Article
        Lock icon Ausgroup wins As3om labour supply deal
        81 6 AUSGROUP Ltd, an energy and resources specialist, was awarded an As3o million (5534.6 million) labour supply contract for the Blacktip offshore gas field project. The contract was awarded to AusGroup's Australian subsidiary, Ausclad Group of Companies Limited, by an international offshore construction services client.
        81 words
      • Article
        Lock icon TPV's half-year net profit up 42.6%
        59 6 TPV Technology's net profit for the six months to end-June rose 42.6 per cent to US$96.B million from a year earlier, as revenue grew 29 per cent to US$4.9 billion. The computer maker's board declared an interim cash dividend of 0.88 US cent per
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      Lock icon Page 4 Advertisements Column 1
      252 4 L J Lb_^b I Win 2 Nikon Coolpix P5O Digital Cameras worth $449 each! Contest ends 30 September 2008. l J *^^M 8.1 megapixels High performance digital image-processing engine 3.6 x Zoom-NIKKOR lens with 28mm wide-angle capability Zap Code H -Sf'^SMte-^aMs M IlliHl p( >■- "jifc »£^»MFI^M WES' jlsflp w»
      252 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI tumbles 50 pts on Lehman fears
      551 8  -  R SIVANITHY STOCKS Fall occurs despite afternoon bounce in the September futures on Dow Jones index STOCKS were yesterday caught in a tug-of-war between opposing forces on the one side were fear and the urge to sell because of a possible collapse of
      551 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      93 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 1 9 4 0 0 0 1 9 4 lanufacturing 30 78 59 10 33 87 69 Commerce 11 27 22 15 34 22 'pt/Stor/Comms 21 10 22 12 :inance 23 23 Construction 10 'roperties 21
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 13,321 13,321 63,804 63,804 lanufacturing 193,033 8,417 201,450 198,689 746 199,435 lommerce 50,105 9,423 59,528 51,533 2,562 54,096 'pt/Stor/Comms 121,691 191 121,882 301,201 49 301,250 :i nance 29,856 29,856 329,670 329,670 lonstruction 7,462 5,076 12,538 1,128 136 1,264 'roperties
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      104 8 lapitaLand 4.260 lapitaMall 2.740 -0.050 jtyDev 9.410 -0.250 losco Corp 1.720 -0.110 IBS Grp 17.840 -0.260 :&N 4.080 -0.110 Sent Intl 0.490 IK Land 3.600 -0.180 ISH 14.020 -0.680 lardineC&C 17.000 -0.380 Ceppel Corp 8.880 -0.120 Ceppel Land 3.530 IOL 2.030 -0.090 loble Grp 1.520 -0.080
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    • Article, Illustration
      Lock icon BROKERS' TAKE
      910 8  -  LYNETTE KHOO DE-RATING of key markets: CapitaLand's inventory is beginning to build up in China. We believe Chinese developers are starting to cut prices. Capita Land's large exposure to this market could prove to be a bugbear in the near term. Alice Chong, our Hong Kong/China property analyst,
      910 words
    • Article, Illustration
      Lock icon CURRENCIES
      1 8
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    • Article, Illustration
      Lock icon Risk aversion hits Asian currencies hard
      498 8  -  LARRY WEE ANOTHER nasty overnight slide on Wall Street brought risk aversion fears to the forefront of financial markets again, benefiting currencies like the Japanese yen and the Swiss franc, but also lifting the US dollar to fresh 2008 highs versus weaker Asian units
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      55 8 CLOSE IT OB/OS -768.00-112.OC IT CADI -*****.00-176.0i IT 10-day MA -*****.00 -77.0' TSE ST Mid Cap 589.96 -6.1 TSE ST Small Cap 488.77 -5.5 TSE ST All Share 645.84 -10.9: TSE ST China Top 301.32 -10.0: TSE ST China 298.13 -8.8i IOB Catalist 110.60 -2.2 IMSCI 322.95
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 iolden iri 118,927,000 Indiabulls 91,000,000 in< iTel 45,364,000 ■osco Cori 24,773,000 .and 24,491,000 ihinaNTown 23,610,000 filmar 19,248,000 Dh liland 16,623,000 IndoAi iri 16,279,000 :hina Horn ixim 14,860,000 VALUE($) in< iTel 154,555,072 DBS Gr| 133,684,680 i Land 104,721,738 UOB 98,838, 172 filmar 64,898,403 Indiabulls 54,600,000 iolden iri 49,662,249
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    • Article
      Lock icon RISES
      99 8 CLOSE 2772 UP 17.2 0.4 IMH .oscoCori lePW*****5 47.5 11.5 31. IOBMBLiCW*****0 536 8.0 1. iBS Bk6% NCPS 10 ***** 6.0 0.1 iMRT 196 6.0 3., m 2800BNPePW*****9 37.5 6.0 19.' m 2900BNPePW*****9 45.5 6.0 15., ;TI2900SGAePW*****0 59.5 5.5 10., IOBSGAeCW/*****1 19 5.5 40. ico Steel 22.5 5.0 28.'
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    • Article
      Lock icon FALLS
      115 8 CLOSE DOWN GLD 10US$ 7626-306.4 -2.7 JSH 1402 -97.4 -4.6 China H 10US$ 1354 -61.6 -3.1 Jardine C&C 1700 -38.0 -2.2 India Ni 10 1411 -30.0 -2.1 iBS Gr| 1784 -26.0 -1.4 HKLand 360 -25.8 -4.8 At 941 -25.0 -2.6 ISMSCI India 100 585 -24.3 -2.8 StraitsAsia 181 -20.0
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    • Article
      Lock icon CURRENCIES Where S$ stands
      84 8 Sep 10 CLOSE CHNG FR Sep 9 YR2008 S$ LOW S$ HIGH ISS 1.4345 -0.35 1.4542 1.3457 iuro 2.0302 -0.12 2.2064 2.0128 'ounds 2.5335 -0.52 2.8431 2.5018 1.1582 0.78 1.3251 1.1450® ren* 1.3357 -1.00 1.4484 1.2619 lupiah* 0.***** -0.24 0.***** 0.***** !aht* 4.1448 -0.15 4.4299 4.0190
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  • SINGAPORE NEWS
    • Article
      Lock icon Ease of doing business: Singapore is still No. 1
      474 9  -  LYNETTE KHOO By SINGAPORE is tops for the third straight year globally in the ease of doing business, thanks to continual regulatory reforms, a survey by the World Bank and International Finance Corporation (IFC) shows. New Zealand is a close run-ner-up,
      474 words
    • Article
      Lock icon More board autonomy for charities, says MCYS
      341 9  -  JAMIE LEE 7 large religious organisations under review By THE Commissioner of Charities wants greater board independence among seven large religious organisations including the three mega churches City Harvest Church, Faith Community Baptist Church and New Creation Church that were under review, Ministry
      341 words
    • Article
      Lock icon US biotech CRO to widen its Singapore ops
      256 9  -  NISHA RAMCHANDANI By PHARMACEUTICAL services company Quintiles Transnational aims to expand its operations when it moves to a new USS3O million Science Park facility that will come on stream in mid-2009. "We have just over 200 people in Singapore," said Anand Tharmaratnam,
      256 words
    • Article
      Lock icon RSA opens interim management service
      242 9  -  NISHA RAMCHANDANI By HUMAN resource company RSA Singapore has launched an interim management service for the life sciences industry here. Interim management is the temporary assignment of an experienced person to an organisation for a set period and a specific task. Interim managers are generally
      242 words
    • Article
      Lock icon Wholesale licence for QNB
      419 10  -  SIOW LI SEN Bank eyeing firms doing business in region, Middle East and North Africa By QATAR National Bank has received a wholesale banking licence, making it the second bank from the Middle East to be able to offer a full range of services here. National
      419 words
    • Article, Illustration
      Lock icon Singapore a conducive place for grooming NGO leaders: Jet Li
      374 10  -  EMILYN YAP By I SINGAPORE offers the right conditions for grooming future leaders of non-govern-mental organisations (NGOs), said international movie star Jet Li yesterday, who was here to talk about his charity organisation One Foundation. Based in China, One Foundation
      I YEN MENG JIIN  -  374 words
    • Article
      Lock icon Foreign capital safe: Malaysia trade minister
      445 10  -  LEE U-WEN By AMID continuing political uncertainty in Malaysia, a top Cabinet minister has reassured foreign investors that business is going on as normal in the country and whatever capital they inject is in safe hands. International Trade and Industry minister Muhyiddin Yassin said
      445 words
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      95 9 A SATS THE STRAITS TRADING COMPANY LIMITED (Incorporated In Singapore) LOST SHARE CERTIFICATE Notice is hereby given that the following share certificate in the name of Lee Geok Shean have been reported lost *****9 100 J Notice is also hereby given that the new share certificate will be issued and
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      151 words
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      161 10 CARRY IT OFF IN STYLE THIS SEASON, FINISH OFF YOUR FALL STYLE WITH LIZ'S TRENDY TOTES AND HANDBAGS. ADD A LITTLE SHINE WITH PERFECT PATENT PURSES OR GET SOPHISTICATED WITH VINTAGE-INSPIRED LOOKS. SHOP THE NEW LIZ CLAIBORNE ACCESSORIES COLLECTION AND FIND THE PERFECT PIECES TO FLATTER YOUR FALL FASHIONS! PVC
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      571 11 B Gary Ong H H Rakesh Kumar Gupta B Managing Director -j/ CEO B Fuwell International Ptß J Ltd I Huelab Pte Ltd TJTW Hewlett-Packard Singapore (Sales) Pte Ltd Microsoft Partner of the Year Exemplifying true partnership with Microsoft, the Microsoft Partner of the Year has driven customer service, revenue
      571 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Racial slur saga: Umno suspends state party leader
      656 12  -  S JAYASANKARAN Decision reflects Malay party's need to accommodate ethnic minorities By in Kuala Lumpur AN emergency meeting of the Supreme Council of the United Malays National Organisation (Umno) yesterday suspended a party leader from Penang for three years for alleged racist
      AFP  -  656 words
    • Article
      Lock icon M'sia's July exports surge 25% to RM63b
      399 12  -  PAULINE NG Electrical, electronic sector boosts sales with 12% jump By in Kuala Lumpur MALAYSIA'S exports amounted to RM63.4 billion (5526.24 billion) in July, a robust 25.4 per cent year-on-year expansion achieved mainly on the back of an unexpectedly strong performance by electrical
      399 words
    • Article
      Lock icon Malaysia okays RHB's Viet buy
      232 12 Reuters [KUALA LUMPUR] Malaysia's fourth largest lender RHB Capital has won the central bank's approval to buy a stake in a Vietnamese brokerage firm, the company said yesterday. RHB Capital, controlled by Malaysia's state pension fund, announced in March it would pay RM13.3 million (555.5
      – Reuters  -  232 words
    • Article
      Lock icon BURSA MALAYSIA
      2197 12 iep10 RM Cooo] A &M Realty 0.41 AbricBhd 0.17 advance Synergy 0.09 Adventa Bhd 0.89 AeMuIti Hldgs 0.21 Win Holdings 1.73 Ahmad Zaki Resou ....0.65 Aic Corp 0.45 \irasia Bhd 1.12 Akn Technology 0.39 alliance Financi 2.57 aluminium Co 1.00 Amalgamated Ind ....0.47 Ammb Hldgs Bhd 3.04 Amtel
      2,197 words
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      175 12 E 0 0 fl PBe Connected. Be Global. Network with more than I 1,000 |S&^™*--* SF^ Six industry professionals atAsia's premier En*neerins fcj, P y w| Measurement "S Systems electronics manufacturing tradesnow. Meet 526 participating Tf Equipment J Solutions companies from 28 countries. The latest products and fffr Components Components
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  • ECONOMY WATCH
    • Article
      Lock icon Thailand banks seen surviving credit crunch
      537 13  -  GREG LOWE But political woes threaten country's economy, finance observers say By in Bangkok THAILAND'S banking sector can weather the global credit crunch, but domestic political instability continues to threaten its economy, finance observers said yesterday. The industry's sound credit fundamentals, net external debt
      537 words
    • Article
      Lock icon Big pay rises for top UK execs despite tough times
      555 13  -  JANE MOIR But a study suggests tougher times may be ahead for them By in London AS a bonus becomes a distant memory for most UK workers and the prospect of unemployment looms large, fat-cat executives are bucking the salary
      555 words
    • Article, Illustration
      Lock icon EU slowdown in '08 to be 'sharper than forecast'
      499 13 AP, Bloomberg [BRUSSELS] The European Commission expects a "sharper-than-expected" slowdown in the European Union (EU) economy this year amid persistent high inflation, falling real estate markets in some countries and the turmoil in financial markets. The EU executive's latest interim forecast,
      – AP, Bloomberg  -  499 words
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      13 13 M lO theS^gg i^^__ *The Straits Times is read by 1.3 million daily.
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      227 13 W^t**£k ANA strives to give you more convenience. That's why our morning flights to USA are WrwL BBS if*HIKH strategically scheduled to reduce transit o O HICAO-w time dramatically. Now you can connect to IoP WASHINGTON."-C- our San Francisco and Los Angeles bound K<SJ ANGELES WfA v. flights at Narita
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon S'pore furniture makers thriving overseas
      566 14 Export growth of locally-made furniture are double the global growth rate, reports CHUANG PECK MING OLD and low-tech-nology they may be, but Singapore's furniture makers have been doing a brisk export business. They have been shipping, on average, 15 per cent more of their products
      FILE PHOTO  -  566 words
    • Article, Illustration
      Lock icon Qualities behind S'pore Mozaic
      364 14  -  CHUANG PECK MING By WHY are Singapore furniture so sought after in Europe? "Many of our manufacturers are experienced in the international markets and are known to be creditable and trustworthy business partners who are able to provide prompt delivery and service, and at competitive prices,"
      ■ I FILE PHOTO  -  364 words
    • Article, Illustration
      Lock icon Global trade fairs: one-stop showcase for local furniture producers
      399 14  -  CHUANG PECK MING By INTERNATIONAL trade fairs should figure large in Singapore furniture makers' plans to expand abroad, because they offer a one-stop convenient showcase of their products. And that's why International Enterprise Singapore has been pushing and backing Singapore companies
      FILE PHOTO  -  399 words
    • Article, Illustration
      Lock icon Novel ideas keep Innoplan ahead of competition in Europe
      591 15  -  CHUANG PECK MING By EUROPE is the world's largest market for furniture but it is also the toughest to crack, according to the chief operating officer of Innoplan Technology, Ivy Seah. "It is not easy to work with European customers as
      591 words
    • Article, Illustration
      Lock icon Challenging itself on the global stage
      725 15  -  CHUANG PECK MING Air Division wants to see if its designs can fare well on the international market By IT WAS not simply a case of business expansion when homegrown furniture retailer Air Division broke into the European market five years ago that was
      FILE PHOTO  -  725 words
    • Article, Illustration
      Lock icon Serving diverse markets across Europe
      475 15  -  CHUANG PECK MING By SITRA Holdings has the European furniture market pretty well-covered. A subsidiary in France looks after Western Europe, while a marketing office in Ukraine takes care of the East. "Other than these, we have worked with distributors in key European countries such
      m FILE PHOTO  -  475 words
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      353 14 12 =r A The Business Times SINGAPORE Singapore Singapore International a fortnightly series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting the overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com Where would you like
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      182 15 The annual Latin Asia Business Forum (LAB 08) brings together top business and government leaders from Latin America and Asia to highlight opportunities for partnership in trade, investment and services, and to share market experiences, insights and expertise. jfa ■I^LI FORUM HIGHLIGHTS: WT^* f Ready for investment projects in Latin
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China Aug CPI hits 14-month low of 4.9%
      671 16 Policy-makers get more room to pump up economy should growth slow [BEIJING] China's consumer inflation fell last month to a 14-month low of 4.9 per cent, giving policymakers more room to pump up the world's fourth-largest economy if growth slows abruptly in
      671 words
    • Article, Illustration
      Lock icon More Indian multinationals target Bollywood
      431 16 -AFP [MUMBAI] Bollywood is increasingly becoming a target for corporate takeover, as more of India's multinationals diversify into movies to tap the market's huge investment potential. Tata Group first tested the water several years ago. Now others, such as cars to financial services group Mahindra
      -AFP; AP  -  431 words
    • Article
      Lock icon Huiyuan bid: Coca-Cola to seek antitrust nod
      441 16 Reuters Shares of juice maker down 13% from Sept 3 high [HONG KONG] Coca-Cola Co plans to seek approval under China's antitrust law for its US$2.5 billion bid for top domestic juice-maker China Huiyuan Juice Group, the final obstacle to what would be
      – Reuters  -  441 words
    • Article
      Lock icon China to control IPO pace
      250 16 Reuters Regulator aims to balance supply and demand for equity [SHANGHAI] China's securities regulator, seeking to ease pressure on the weak stock market, reiterated yesterday that it would control the frequency of initial public offers to improve the supply/demand balance for equity. The Shanghai Composite
      – Reuters  -  250 words
    • Article
      Lock icon India lacks infrastructure for casino growth, says operator
      308 16 Bloomberg [HONG KONG] India lacks the infrastructure to support rapid casino growth, said Sunder Advani, who runs the country's only casino with table games. "People in every Indian state will be concerned that mega casinos will lead to worsened traffic and crime
      – Bloomberg  -  308 words
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  • ASIA PACIFIC/WORLD
    • Article
      Lock icon lEA cuts global oil demand on lifestyle changes in US
      689 17 AFP, Bloomberg North American oil consumption down for 7th month and trend could continue [PARIS] The International Energy Agency (lEA) yesterday cut its estimate for global oil demand this year and next, saying consumers mainly in the United States are
      – AFP, Bloomberg  -  689 words
    • Article, Illustration
      Lock icon Indian writer favourite to win Booker Prize
      415 17 Reuters [LONDON] Tales from rural India, secretive Ireland and strike-riven northern England are all vying for the Man Booker Prize for Fiction, one of the world's most prestigious literary awards. Aravind Adiga, whose book The White Tiger tracks the ambitions and divided loyalties
      – Reuters; AFP  -  415 words
    • Article
      Lock icon London bourse fixes systems fault
      277 17 Reuters Software glitch halted trading for 7 hours on Monday [LONDON] The London Stock Exchange has resolved a software glitch that halted trading for seven hours on Monday on what could have been one of the year's busiest trading days. "It was software-relat-ed, a coincidence,
      – Reuters  -  277 words
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      Lock icon Key candidate for Japan PM may push for bigger spending
      543 17  -  ANTHONY ROWLEY By in Tokyo TARO ASO, favourite to become Japan's next prime minister, could launch a major new stimulus package to boost the country's flagging economy, a senior official of the ruling Liberal Democratic Party said yesterday. The prospect
      543 words
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      Lock icon Political parties non-committal on PM choice
      421 17 Reuters TURMOIL IN THAILAND PPP backs off from earlier pledge to re-nominate Samak [BANGKOK] The parties in Thailand's ruling coalition are considering a replacement prime minister for Samak Sundaravej, who was removed by the courts for hosting TV cooking shows while in office. Mr
      – Reuters  -  421 words
    • Article
      Lock icon Enron shareholders, investors to share US$7b settlement
      393 17 -AP [HOUSTON] Enron Corp shareholders and investors will split about US$7 billion from financial institutions accused of participating in the fraud that caused the once-mighty energy company to collapse. The settlement amount was listed at US$7.2 billion, a sum that has been accruing
      -AP  -  393 words
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  • US BAILOUT
    • Article, Illustration
      Lock icon Washington's bailouts halt capital flight from Asia
      559 18 Reuters Funds expected to move money back into Asian equities, cut cash holdings [HONG KONG] With an unprecedented takeover of Fannie Mac and Freddie Mac this week, the US government may have also bailed out Asia's markets by staunching a heavy flow of
      – Reuters; in REUTERS  -  559 words
    • Article
      Lock icon Other Macs, Maes shine
      375 18 -AP But some worry over their rapid growth, size [WASHINGTON] The US government's takeover of Fannie Mac and Freddie Mac, the nation's largest mortgage finance companies, is training a wider spotlight on the vast network of federal agencies and qua-si-governmental lenders that help to keep credit
      -AP  -  375 words
    • Article
      Lock icon Greenspan lauds Treasury's move
      110 18 Bloomberg [ATLANTA] Alan Greenspan, the former Federal Reserve chairman, said the US Treasury takeover of Fannie Mac and Freddie Mac was an important step for reducing mortgage rates and mitigating the credit crisis. The Sept 7 seizure of the two largest US mortgage finance companies "would
      – Bloomberg  -  110 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8707 18 UNIT TRUSTS FUNDS HjNlTrinJST^^^^^^Tl AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.887/ AIGIF Spore Bond Fund/A 1.336/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.81/ APS Alpha Fund (USD)! A 0.57/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9473/ APS
      8,707 words
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  • AVIATION
    • Article
      Lock icon Airbus seeks new cost-cutting measures
      593 19 AP It aims to boost presence outside Europe in a move to raise competitiveness [PARIS] Airbus presented new cost-cutting measures to unions on Tuesday and said that it would boost its presence outside Europe as part of parent company EADS's plan to improve competitiveness and
      AP  -  593 words
    • Article
      Lock icon EADS shifting work out ofEU to save 1b euros
      381 19 Bloomberg [PARIS] European Aeronautic, Defence Space Co (EADS) will shift work to non-European countries including Tunisia as it seeks 1 billion euros (Ss2 biUion) in cost-savings, two-thirds from its planemaking unit Airbus SAS. The plan, meant to help EADS cope with
      – Bloomberg  -  381 words
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      Lock icon Despite riches, Boeing wary of strike demands
      743 19 AP Competition, shaky airline industry lead to cautious stance [NEW YORK] The machinist union's walkout against Boeing Co does not appear to fit the usual script for a modern-day labour showdown. In struggling industries such as automobiles and airlines, the bargaining power of
      AP  -  743 words
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      Lock icon Lufthansa August passenger numbers dip 3.8% on strikes
      294 19 Bloomberg [LONDON] Deutsche Lufthansa, Europe's second-biggest airline, said passenger numbers fell 3.8 per cent last month as strikes grounded planes and higher fuel prices, combined with slowing economic growth, deterred travel. The number of travellers dropped to 4.88 million last month, the
      – Bloomberg  -  294 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2499 19 AIRLINE CODES: AA: American 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:
      2,499 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      240 19 CRYPTIC CROSSWORD ACROSS 13 Reptile let loose after furrow M^^^^M^^^^M^^^^HM__M^^^J__^^J__^^J__ j+a+inn (Q\ I I^l HH HH tal (6) 27 Ignorant expression of surprise (1,4,4) 7 Character deviating from 28 Cup-bearer? (6) normal conduct (9) YESTERDAY'S SOLUTION 29 Certainly not many bones 8 Rescued from deep river (9) shattered (2,2,5) 14
      240 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon The wild card of regional politics
      498 20 THERE'S an enormous sense of deja vu right now where the market mood is concerned. "Like most of my colleagues, I should have stayed at home today," a foreign trader said. "The moment you think the selling has finished, something comes along to start
      498 words
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      Lock icon The changing power game that gencos play
      877 20  -  RONNIE LIM Impact of Senoko's sale to Lion Power consortium expected to be felt soon By THE dynamics of the power game here are set to change and likely pretty soon too, some observers suggest as the second of the three biggest generating
      877 words
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      Lock icon Obama losing his 'gut' connection with voters
      927 20  -  THOMAS FRIEDMAN THE BOTTOM LINE IF John McCain can win this election race with a 50-pound ball called "George W Bush" wrapped around one ankle and a 50-pound ball called "The US Economy" wrapped around the other, then he deserves to represent America
      927 words
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      Lock icon Google ups the heat for Microsoft
      969 21  -  JIM PUZZANGHERA JESSICA GUYNN -LAT-WP Unlike Netscape, Chrome browser is a strong challenger for Internet Explorer By and GOOGLE Inc reignited the web browser wars last week, releasing a competitor to Internet Explorer nearly a decade after Microsoft Corp used its monopoly powers to
      -LAT-WP; REUTERS  -  969 words
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      Lock icon Google's growing pains
      505 21  -  JEFF SEGAL By GOOGLE turned 10 this week only to learn the US Department of Justice (DOJ) recruited an ace litigator to consider an antitrust case against the company's dominance of the search business. This may hamper its birthday celebrations. But costly legal battles are just one
      AP  -  505 words
    • Article
      Lock icon Report on KL bungalow project: some clarifications
      549 21 LETTER TO THE EDITOR WE write with reference to the article "Protesters want XL hillside bungalow project halted" (BT, Sept 5). We wish to place on record that as a company listed on Bursa Malaysia since the 1960s with our core business in
      549 words
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  • SHIPPING
    • Article
      Lock icon Decoupling makes global economy stronger: Zedillo
      364 22  -  VINCENT WEE By A DECOUPLING of the developing and developed economies and new ways of looking at supply chains and outsourcing were the key messages from distinguished speakers like former Mexican president Ernesto Zedillo and 2001 economics Nobel laureate Michael Spence at the DHL
      364 words
    • Article
      Lock icon DHL to pay USs26om for worker severance
      210 22 -Reuters [NEW YORK] Express cargo carrier DHL, a unit of Deutsche Post, said on Tuesday that it will pay US$26O million in severance and benefits for employees affected by a restructuring of its loss-making US operations. A pending agreement with United Parcel Service
      -Reuters  -  210 words
    • Article
      Lock icon Striking back at pirates
      822 22  -  DAVID HUGHES STRAIT TALK Coalition naval forces have increased patrols in the Gulf of Aden in response to more attacks By IT is only two weeks since this column commented on the dangerous surge of hijackings by pirates in the Gulf of Aden, but I make
      822 words
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      Lock icon FedEx Q1 profit to beat forecast as fuel costs fall
      410 22 Bloomberg [ATLANTA] FedEx Corp, the largest air-parcel shipper, said it will report a profit of US$l.23 a share for the quarter ended Aug 31, beating its forecast as fuel costs fell. The stock rose as much as 8.5 per cent
      Bloomberg; AFP  -  410 words
    • Article
      Lock icon Korean steelmaker to shut plant for expansion
      234 22 Bloomberg [SEOUL] Dongkuk Steel Mill Co, supplier of about a third of the metal used by South Korean shipbuilders, will shut one of its two ship-plate plants in November for about a month to work on expansion. Production capacity will be raised by
      Bloomberg  -  234 words
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      984 22 w WATS JL^I Vta^ JL IV* -*1 I 'ij Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE HIGH COURT OF THE INTHEMATTEROFTHE J^jancemcotnimixmiutsa^ ,^S REPUBLIC OF SINGAPORE COMPANIES ACT, CAP. 50 SS?MEETING yL Companies Winding Up aMrißrJenmaimnMu IN THE MATTER OF rr K m,|inM N0.40f2004/G MNSULT^P^Tu™™ ""iSJKSSf" L.ENTILLION IntheMatterof (Company
      984 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8682 23 Transaction date: Sep 10 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil Company 5716 1st Software 16 5 3148 STelecom 21.5 6.5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 24 10
      8,682 words
    • Article
      Lock icon SGX XTRANET
      63 23 Hi. Low Code Comi Sale COOP) Hi. Low Big Seller Cvr P/E imil ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 262 6009 STI ETF 3977.9 3383.1 6010 STI ETF IOPV US*****cdUS6200 US1000 US*****
      63 words
    • Article
      Lock icon SGX CATALIST
      1782 23 Hii |h Low Code Comi >an' Sale C000) Hii Low By ler Seller C'vr P/E Smil 20 11.5 1181 s AAGrp 30.5 15 5000 sABRHIdgs 32 18 8538 s APStrategic 10 1.5 1501 s Advanced System 38 17 3518 s Afor 42 6 1524 s Alantac 20 7
      1,782 words
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      Lock icon CLOB INTERNATIONAL
      210 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      210 words
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      50 23 m 11 liP^SSirt IbSm the edward p|guet watch Le maltre de I'horlogerie depuis 1875 <^<|p§3r' 'l/ltlHi THE WATCH OF YOUR LIFE V^^B M Vv' Wit Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED m^/ 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      368 24 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Se| World Index Preliminary 929.6 -1.3 -17.9 -1.1 -19.9 -1.4 -19.! EAFE Preliminai 879.5 -1.1 -21.5 -1.0 -24.7 -1.4 -24.4 Euroi Prelim inan 1210.6 -0.8
      368 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      122 24 As at 9am Sep 10 Singapore dollars to one unit if foreign currency: Currencies Bid Offer Uist dollar 1.1430 1.1570 .an dollar 1.3350 1.3510 Iuro 2.0160 2.0390 IZ dollar 0.9490 0.9690 iterlini ind 2.5120 2.7190 JS dollar 1.4290 1.4450 .ocal dollars to 100 units if foreign
      122 words
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      Lock icon INTERBANK RATES
      175 24 Sep 10 Offer Bid Overnight 3/4 1-month 1 2-months 1 1/8 3-months 1 1/4 Overnight mode: 13/16 USS Offer 5/8 7/8 1 1 1/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.35 2.60 2.80 2.98 3.18 3.25 3.32 Offer
      175 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 24 Sep 10 ten Hji Sett STI IIMSCI Aui 322.2 326.2 322.8 "aiwan Aui 247 252.4 248.6 Source: MF Global (S) Pte. Ltd
      25 words
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      Lock icon US$/S$ FORWARD RATES
      24 24 Sep 10 s> Bid Offer 1-month 1.4298 1.4312 2 months 1.4279 1.4294 3-months 1.4260 1.4276 6 months 1.4209 1.4226 Source: OCBC
      24 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 24 Sep 10 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1557 1.1570 0.8072 0.8074 Canadian dollar 1.3423 1.3436 0.9375 0.9376 Euro 2.0269 2.0290 1.4156 1.4159 NZ dollar 0.9597 0.9620 0.6703 0.6713 aterlini 2.5296 2.5324 1.7667 1.7672 US
      156 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      313 24 Sep 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep08 Dec08 Mar09 Jun09 97.1900 97.1300 97.2100 97.1000 8466 ***** 7378 5250 EUROYEN TIBOR FUTURES Sep08 99.155 99.155 Dec08 99.165 99.175 Mar09 99.215 99.215 Jun09 99.210 99.210 Sep09 Dec09 Mar10 Jun10 99.150 99.165 99.210 99.195 99.155 99.170
      313 words
    • Article
      Lock icon SICOM FUTURES
      281 24 Sep 10 (UbbbK Futures (Closing prices) ISS 1 (S cents/kg) lonth High Low Close Sett Volume (tonnes) Open Interest 3d 08 Mov 08 Dec 08 Ian/Mar 09 <\pr/Jun 09 lul/Sep 09 418.00 415.50 413.00 411.50 413.00 414.50 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
      281 words
    • Article
      Lock icon CHICAGO BOT
      103 24 Sep 9 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 08 1209.00 1194.50 1206.00 1175.01 Nov 08 1201.00 1192.00 1204.00 1160.01 Jan 09 1217.75 1209.00 1219.00 1175.01 Mar 09 1231.75 1223.00 1232.00 1190.01 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Lovi ih/Low Sep 08 48.18 48.53 48.60
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Sep 9 origin) t/barrel Close Cham irent blend (1 -Mth F) 102.75 -2.36 VTI (Near Mth) 102.28 -4.02 )ubai (1 -Mth F) 99.79 -2.83 "apis blend 110.15 -3.00 vlinas 105.15 -3.00 >RODUCT JSS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 98.00 123.17 -2.27 -2.22 USS/barrel )pec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      449 24 Sep 10 Iuro ren Ion 'eso Earn 'ouni Australia 0.861 5.521 0.570 6.296 36.409 75.374 0.866 8.824 2.792 1.203 61.819 38.036 1.156 6.486 0.909 25.741 27.937 0.457 0.807 Canada 1.161 6.411 0.662 7.312 42.284 87.535 1.006 10.248 3.243 1.398 71.794 44.173 1.343 7.532 1.055 29.894 32.444 0.531
      449 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 24 Sep 10 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****X 11.12.08 1-Year BY*****N 04.05.09 1.10 1.28 1.08 1.08 1.25 1.25 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year NY*****A
      89 words
    • Article
      Lock icon SIBOR
      65 24 Sep 10 mth 2.***** 1.***** mths 2.***** 1.***** mths 2.***** 1.***** mths 3.***** 1.***** mths 3.***** 1.***** 2 mths 3.***** 1.***** ;WAP Offer rates (S$) mth 1.***** mths 1.***** mths 1.***** 9 mths ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]l***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs
      65 words
    • Article
      Lock icon PALM OIL
      65 24 Sep 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Low Vol Open Done Position Sep 08 2370 Oct 08 2471 Nov 08 2360 Dec 08 2370 Total o/p: ***** contracts 2385 2370 2360 2360 2393 2315 2329 2397 2319 2338 2398 2325
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    • Article
      Lock icon PRECIOUS METALS
      130 24 Sep 10 loz) ',ep_ ',ep_ Hong Kong .ondon 778.10 796.1C 779.10 797.1C Sep 09 Sep OS 783.30 810.8C 784.20 812.0C Source: Reuters CAST BAR (S$) Sep 1t Buyim Sellim Kilobar ***** PAMP GOLD BARS (S$) Selling 3596. Biiyini gm jgm Ogm !0gm JOgm OOgm oz ozUBS KinpharTM 86.67
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      Lock icon LONDON METALS
      65 24 Sep 9 minimum, 99.7 jrity (USS/tonne) Co Close Previous :ash 2554.00 2600.51 months 2603.00 2650.01 Copper, Grade A (USS/tonne) I months 6851.00 6830.00 6985.0I 6950.0I .ead (USS/tonne) :ash 1756.50 months 1770.00 1837.21 1851.01 lickel (USS/tonne) ]ash I months *****.00 *****.01 *****.00 *****.01 'in (USS/tonne) :ash *****.00 *****.01 months
      65 words
    • Article
      Lock icon LIFFE
      77 24 Sep 9 :OCOA (Btonne) Close Prev Hii ih/Low Sep08 1510 1512 1515/1500 Dec 08 1507 1512 1518/1496 Mar 09 1507 1513 1520/1498 May 09 1505 1510 1509/1497 COFFEE (US$/tonne) Close Pev High/Low Sep 08 1231 2137 2146/2141 Nov 08 2156 2163 2178/2152 Jan 09 2176 2182 2198/2175 SUGAR (US
      77 words
    • Article
      Lock icon BONDS & WARRANTS
      3213 24 BONDS WARRANTS rei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left 5058 Advance Modules Grp W*****3 6 susp 5036 Advance SCT Ltd W*****9 0.5 tfArianeCorp Ltd W*****9 0.5 3092 Asia Environment W*****4 6.5 -1 6 1481 #Asia Water Tech Ltd W*****0 18.5
      3,213 words
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      3112 25 The Business Times Shipping Times _^V KPI B-CT!^|!ffnßffLtyß^ffiLtnßnß Ml WAN HAI INTERNATIONAL PTE LTD (RN0:**********0/R fW^^Z K*i»_E mUmK^MIMm^IMMSKm 111%. TEL *****588 (14LINES) FAX:*****163 V ■^^TiT7^^^_« _^_H_V E3& 833« i l\\N IIA/AN HAI INF\ Customer Servi<«/Bookin 9 5 Direct Une (1800) *****200 ____A_____^_J I I _L™_L*lW» I I MM Snflß I
      3,112 words
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      3095 26 to AUSTRAL ASIA LINE -*_*/a™h-i__-J \WJIiM H IS H II I S &^ll CJm6 IN-t-J ASIA AUSTRALIA SERVICE Accepting Container/LO/Sreakbulk/Project ■l«m'B <^^/i^ WBm^^^^^mH^^^^B^^^MS^^^M^^^mn^^^MS^^^MiE^^ m^^^mjS^jSSiMmjjlMmQjSMjl^SM weekly express sailing schedule api moreton lIAB 18/09 27/09 WW 17/10 WW 2^lo 29/10 ___NM!- M&WMTIIKSSIRiniIXWWTtIISinnZWIIIIWiniHTni -.in ■■irij--i u::i lmm Mj_n k_ii r_n _ji _n CAPEPRESTQNI2AB
      3,095 words
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      3711 27 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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  • BizIT
    • Article, Illustration
      Lock icon Big demand for web conferencing
      688 28 Singapore the largest market in Asean region, writes AMIT ROY CHOUDHURY HOSTED Web conferencing services are being increasingly adopted by companies in Asia-Pacific with revenues this year expected to grow by an estimated 38.8 per cent to reach U5535.2 million, according to a new study.
      688 words
    • Article
      Lock icon Getting technology to support services growth
      948 28  -  CHARLES REED <you say> Service companies need to be innovative and courageous enough to implement new ways of conducting business By RECENT data released by the Singapore Department of Statistics showed that the service sector is growing in importance in the Singapore economy, echoing
      948 words
    • Article, Illustration
      Lock icon Apple unveils sleeker, curvier iPods
      419 28 Reuters [SAN FRANCISCO] A thin and smiling Apple Inc chief executive Steve Jobs launched a much thinner, curved iPod nano music player and joked about the state of his much-discussed health on Tuesday. But shares of Apple fell more than 4 per cent after the
      – Reuters; . I AFP  -  419 words
    • Article, Illustration
      Lock icon Sybase may move regional HQ to Singapore
      658 29  -  WINSTON CHAI The company has been in talks with govt agencies on relocating here By ENTERPRISE software provider Sybase could add to its sizeable local operations by relocating its Asia-Pacif-ic headquarters from Hong Kong to Singapore. "It's not out of the question that
      658 words
    • Article
      Lock icon Google cuts time it saves Web data on privacy fears
      230 29 Bloomberg [SHANGHAI/NEW YORK] Google Inc, the owner of the world's most-used Internet search engine, halved the length of time it keeps users' records to assuage privacy concerns. Google will keep search data for nine months instead of the minimum 18--month
      – Bloomberg  -  230 words
    • Article
      Lock icon Elpida, Powerchip to cut DRAM production
      218 29 Reuters [TOKYO/TAIPEI] Japanese microchip maker Elpida Memory Inc and Powerchip Semiconductor Corp of Taiwan said on Tuesday they plan to cut their DRAM output to fight oversupply and eroding prices. Elpida, the world's No 3 maker of dynamic random access memory (DRAM) chips, also
      – Reuters  -  218 words
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      17 28 Call 6-531 7681 now for Outsourcing Solutions or join our P3yrOlls6rV6 weekly PayDay! (Payroll software) demonstration www.Payroiiserve.com.sg
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  • Page 28 Miscellaneous
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      171 29 "Ski \W L II 1 ALTERNATIVE THINKING ABOUT BUSINESS AND TECHNOLOGY: M \J\V^ >* Trade-in any working server for up to 10% discount on this new HP ProLiant DL3BO G5 Server. Offer valid till October 31 st 2008. 558,238 Nett Quad-Core Intel® Xeon® Processor E5405 f 3GB Memory Hard Disk:
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  • PROPERTY
    • Article
      Lock icon Abu Dhabi bank putting 1b dirhams in property unit
      454 30 Reuters Its Burooj Properties plans aggressive expansion in Africa, Europe and Asia [AßU DHABI] Abu Dhabi Islamic Bank plans an aggressive real estate expansion outside its home base into Africa, Europe and Asia by putting one billion dirhams (Ss39o million) into
      – Reuters  -  454 words
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      Lock icon NZ house sales slump to 26-year low
      356 30 Bloomberg [WELLINGTON] Sales of New Zealand houses fell to a 26-year low last month as interest rates close to a record curtailed demand for property. The number of homes sold dropped 34 per cent to 4,220 last month from 6,394 a year earlier,
      – Bloomberg; BLOOMBERG  -  356 words
    • Article, Illustration
      Lock icon Barratt posts 13% profit fall, cancels dividend
      481 31 neuters UK house prices fell for the seventh month running in August [LONDON] A slide in Britain's housing market led builder Barratt Developments pic to cancel its final dividend yesterday after underlying annual profit fell 13 per cent and it warned that the
      – neuters; REUTERS  -  481 words
    • Article
      Lock icon Hopewell full-year profit soars
      290 31 Bloomberg [HONG KONG] Hopewell Holdings Ltd, the Hong Kong-based real-estate company controlled by billionaire Gordon Wu, said that full-year profit more than doubled on one-time gains from asset disposals. Net income increased to HK55.97 billion (Ssl.l billion), or HK56.62 a share, for the year ended June
      – Bloomberg  -  290 words
    • Article, Illustration
      Lock icon More PRs snapping up private homes
      455 32  -  KALPANA RASHIWALA Their share in pool of foreign buyers is rising after turmoil in global markets By THE proportion of permanent residents (PRs) in the pool of foreign buyers of private homes here has been rising since the third quarter of 2007, when the
      455 words
    • Article
      Lock icon TID wins URA condo-site tender with $84m bid
      124 32 THE Urban Redevelopment Authority (URA) yesterday awarded a 99-year leasehold condo site next to Tanah Merah MRT Station to top bidder TID, just a day after the tender closed on Tuesday. This contrasts with the couple of weeks or more that URA
      124 words
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      Lock icon Political uncertainty in Malaysia mars some investments: report
      327 32  -  UMA SHANKARI By THE jury is still out on whether the Opposition's recent success in the Permatang Pauh by-election as well as the March general election have affected the country's attractiveness to local and foreign property investors, according to a new report
      Us FILE PHOTO  -  327 words
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      387 30 Prime Office Space For Sale HBfli Near Raffles Place MRT Station IjBIRISS www.savills.com.sg £7 I New mix of colonial and contemporary style boutique (luxury class) hotel gSgt ..jbiss*^- -""a b^ development consists of 51 tastefully decorated guestrooms ffixP^ I ll£ Strategically located in the heart of Tiong Bahru Estate, close
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      1 30 SHU!
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  • Page 30 Miscellaneous
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      1167 31 Freehold Land Size: 25,200 sq.ft. (approx.) Plot Ratio: 2.8 Up to: 36 Storey Close to Town Orchard Road Near Amenities Eateries Good Road Transport Infrastructure HMPJMHHHH uhban For Lease Office: 565 to 29,000 sqft Outside CBD/ Free Shuttle Bus Service to MRT Station Panoramic city/ sea view Broadband enabled/ SCV
      1,167 words
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      349 32 ■Tf^E^MASHING Sl™ V historical conserved terraces to be sold individually I beautiful architectural visage, stunning modern interiors PRs can buy with approval from LDAU* freehold tenure W V newly finished, interior airwell, pond or garden, roof or rear terrace PM Call 6222 5055 Principals Only I a M J.sa/je/ tied/•(//>*$&)£*.
      349 words