The Business Times, 12 September 2008

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Microfilm: NL29475
Total Pages: 33
1 33 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg mSS* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Friday, September 12,2008
    22 words
  • Article
    Lock icon Lehman shares plunge as analysts cite rating risks
    457 1 Bloomberg [NEW YORK] Lehman Brothers Holdings, this year's worst-performer on the Standard Poor's 500 Index, fell as much as 46 per cent after four analysts said they cut their recommendations because the firm's credit rating may be lowered. Lehman fell U553.25 to
    Bloomberg  -  457 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg 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  -  29 words
    • Article
      Lock icon MARKETS
      45 1 lursi lam 1 COMP 1,041.07 -21.63 IIKKEI225 12,102.50 -244.13 1ANG SENG 19,388.72 -611.06 ;et index 646.80 -8.74 JAKARTA COMP 1,870.13 -14.91 1ANILA COMP 2,672.56 -36.93 SEOULCOMP 1,443.24 -21.74 ;henzhenb 330.85 -19.36 IUMBAI IND 14,324.29 -338.32 12NOON EDT Cham )OW 11,242.13 -26.79 IASDAQ 2,235.05 +6.35
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    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per US$) 1.443 (US$/S$ per 1.752 2.528 iURO (US$/S$/E) 1.394 2.011 'EN 107.20 74.30 3.469 2.405 IK$ 7.799 5.407 !AHT 34.75 24.09 lUPIAH 9,428 6,536 1ENMINBI 6.846 4.746 INDIAN RUPEE 45.52 31.55 1.259 0.873
      37 words
  • Article
    Lock icon Bank writedowns reach US$511 billion
    829 1  -  CONRAD TAN Many busy raising capital, bracing for rise in bad loans By [SINGAPORE] Banks worldwide have suffered more than US$5lO billion in writedowns and losses since the credit crisis started. And even those that haven't been hit badly are bracing themselves for possible loan
    829 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
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  • TOP STORIES
    • Article
      Lock icon HSBC ends FD offer early as queues form
      375 2  -  SIOW LI SEN It withdraws 2% promotional rate tomorrow instead of initial 3-week duration By [SINGAPORE] HSBC Singapore which has seen long queues at some of its branches will end its 2 per cent fixed deposit (FD) promotion tomorrow instead of the
      375 words
    • Article
      Lock icon Ample cushion keeps local banks shock-proof
      829 2  -  CONRAD TAN Bad loan provisions could rise, but they are capitalised well enough to withstand this By [SINGAPORE] In Europe and the United States, financial institutions are fighting for survival or desperately seeking white knights. But even if the global banking storm worsens, it
      829 words
    • Article, Illustration
      Lock icon Samak's hat back in the ring for PM
      606 2  -  GREG LOWE Re-nominated by his party; opposition seeks to fight move By i in Bangkok THAILAND's deposed prime minister was re-nom-inated for the position by his ruling party yesterday in a move that both the opposition and analysts say will escalate the
      AFP  -  606 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Bank writedowns worldwide top US$5l Ob
        77 2 BANKS worldwide have suffered more than US$5lO billion in writedowns and losses since the credit crisis started. And even those that haven't been hit badly are bracing themselves for possible loan losses by shoring up their capital buffers. Singapore banks which have written down
        77 words
      • Article
        Lock icon Deposit offer a hit, so HSBC dosing it early
        76 2 HSBC Singapore which has seen long queues at some of its branches will end its 2 per cent fixed deposit promotion tomorrow instead of the three-week drive that it had initially planned. The bank appears more than satisfied with the response
        76 words
      • Article
        Lock icon Gas market opens its doors with some rumbles
        100 2 SINGAPORE'S gas market will be liberalised from this coming Monday, the Energy Market Authority announced yesterday, saying that this is expected to lead to more competitively-priced gas here over the longer term. In the immediate term however, BT understands that some Sembcorp
        100 words
      • Article
        Lock icon Firms put IPOs on hold in hope of better times
        73 2 MARKET conditions continue to be tough for companies hoping to list their shares here, and the talk is that a number of them are holding back on their initial public offerings until the situation improves. Companies that are maintaining a
        73 words
      • Article
        Lock icon St James unit posts $4.3m profit
        76 2 ST JAMES Holdings has announced a net profit after tax of its subsidiary, The St James Pte Ltd, of $4.3 million for the full year ended June 30, 2008. This was 27.4 per cent higher than the projected guaranteed profit of $3,375 million made
        76 words
      • Article
        Lock icon Semicon industry bullish about 2009 prospects
        59 2 SINGAPORE'S semiconductor association, Midas, is very bullish about the industry's performance next year which it predicts will be a year of growth. In a survey of leading semiconductor companies conducted by Midas, nearly 70 per cent of respondents revealed that they are confident of
        59 words
      • Article
        Lock icon High-end home market going off the boil
        98 2 MOST developers are still holding off launching luxury condominiums, but a few projects are slowly being put on the market. Developers are pushing out luxury condo projects cautiously, with most releasing them in small phases. Many are also trying to test the market
        98 words
      • Article
        Lock icon UK building societies eye mergers
        69 2 AS mortgage lending in the UK heads for an all-time low, smaller building societies are looking to merge with bigger players to survive the economic downturn. The recent announcement by Nationwide Building Society that it will take over the Derbyshire and Cheshire building societies is
        69 words
      • Article
        Lock icon Telekom Malaysia rival wants broadband licence
        77 2 THE government's award of an RM11.31 billion (554.7 biUion) nationwide, high-speed broadband network to state-owned Telekom Malaysia has not deterred a rival company that wants a licence to run a private network. High Speed Broadband Technology, which has links to the state government of
        77 words
      • Article
        Lock icon Six firms vie for US$9b India telecoms order
        73 2 TELECOMS equipment makers Ericsson and Nokia Siemens Networks are competing with four other firms in a tender potentially worth US$9 billion to provide wireless infrastructure to India's Bharat Sanchar Nigam Ltd. Bidders in the tender for a total of 93 million GSM
        73 words
    • Article
      Lock icon Gas market opens its doors with some rumbles
      611 3  -  RONNIE LIM SembGas users fear higher transport charges; customers to gain in long term By [SINGAPORE] Singapore's gas market will be liberalised from this coming Monday, the Energy Market Authority announced yesterday, saying that this is expected to lead to more com-petitively-priced
      611 words
    • Article, Illustration
      Lock icon Tycoon's $100m gift to needy students
      462 3  -  TEH HOOI LING Raffles Education CEO recalls humble past, asks 'new money' to do more By [SINGAPORE] The founder, chairman and chief executive of Raffles Education Corp, Chew Hua Seng, yesterday pledged $100 million to the Chew Hua Seng Foundation (CHSF) for the economically
      FILE PHOTO  -  462 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      149 3 Digital Cameras worth $449 each! Contest ends 30 September 2008. ifPi il 8.1 megapixels High performance digital image-processing engine 3.6 x Zoom-NIKKOR lens with 28mm wide-angle capability Zap Code TE^KM^^ SHlFTJuxury j^ISSAIUJ 1 Showrooms: Authorised Dealers: Auto Mega Trading Pte Ltd 300 Tampines Avenue 5, #01 -01, NTUC Income Tampines
      149 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Firms put IPOs on hold in hope of better times
      533 4  -  OH BOON PING Some are wary of listing now, others abort plans for fear of poor interest By MARKET conditions continue to be tough for companies hoping to list their shares here, and the talk is that a number of
      BLOOMBERG  -  533 words
    • Article
      Lock icon Single stock derivatives set for year-end debut
      447 4  -  CHOW PENN NEE SGX eyeing spike in hedging, trading, arbitraging chances By THE Singapore Exchange will soon be launching single stock derivative products, reiterated SGX executive vice-president and head of market development Chew Sutat yesterday. SGX first announced the launch of these products
      447 words
    • Article
      Lock icon Golden Agri and JMH to replace two stocks in STI
      605 4  -  CHOW PENN NEE By THE first review of the 30-stock Straits Times Index (STI) since its relaunch in January this year has resulted in the entry of two new components Golden Agri-Resources and Jardine Matheson Holdings to replace Thai Beverage
      605 words
    • Article
      Lock icon Closure to China Energy saga may be premature
      791 4  -  LYNETTE KHOO THE update by China Energy on the measures taken to strengthen internal controls and corporate governance is the right way forward, keeping shareholders in the know of where the company is heading. While this sets the tone for closure to
      791 words
    • Article, Illustration
      Lock icon St James unit posts $4.3m profit
      441 5  -  ARTHUR SIM CEO says growth will be through acquisitions By ST JAMES Holdings has announced a net profit after tax of its subsidiary, The St James Pte Ltd, of $4.3 million for the full year ended 30 June, 2008. This was 27.4 per cent
      FILE PHOTO  -  441 words
    • COMPANY BRIEFS
      • Article
        Lock icon OCBC raises stake in Great Eastern
        48 5 OCBC Bank said yesterday that it has purchased 582,000 shares in Great Eastern Holdings (GEH) at $14.00 per share fora total consideration of about $8.2 million. The purchase has increased its shareholding in GEH from 86.89 per cent to 87.02 per cent.
        48 words
      • Article
        Lock icon Nera Telecom gets $4.4m order
        53 5 NERA Telecommunications Ltd said it has received purchase order worth $4.4 million from a global telecom operator for the supply, installation and maintenance of IP Network Equipment. The order is not expected to have a significant impact on the performance of the group for the
        53 words
      • Article
        Lock icon Midas bags 2.35m euro Korean contract
        50 5 MIDAS Holdings' aluminium alloy division has secured a contract worth 2.35 million euros (554.76 million) to supply parts for 66 train cars for a railroad project in South Korea, its first foray into the country. The contract is expected to be fulfilled next year.
        50 words
      • Article
        Lock icon Mermaid Maritime secures US$30m deal
        51 5 MERMAID Maritime has secured a US$3O million contract to provide subsea engineering services to Thai company CUEL Ltd. The contract is part of a long-term agreement, with options to extend up to 2013 and could eventually be worth as much as US$2OO million, the company
        51 words
    • Article
      Lock icon Economic slowdown set to hit S'pore banks
      448 5  -  CONRAD TAN But strength of banking system suggests impact will be mild: S&P By SINGAPORE banks will have to weather slower economic growth but the ultimate impact on the sector will likely be mild, credit rating agency Standard Poor's (S&P) said yesterday. While
      448 words
    • Article, Illustration
      Lock icon Differentiate first, scale up later, says OLam CEO
      465 7  -  LYNETTE KHOO Firms need to define core business and product scope, and seek diversification Reports by COMPANIES that scale up their businesses before differentiating themselves and carving out an edge only do so at their own peril. So says Sunny Verghese, the
      ARTHUR LEE  -  465 words
    • Article
      Lock icon Olam's gearing still within a comfortable range: CEO
      443 7 OLAM International's group borrowings are still within a comfortable range as its net gearing is still well below the limit agreed with banks. Chief executive and managing director Sunny Verghese, who told BT this yesterday, said: "Our convenant with the banks for
      443 words
    • Article
      Lock icon Eng Wah to sell business to founder's private firm
      265 7  -  OH BOON PING By ENG Wall Organisation is selling its existing business to a privately held company controlled by the group's founder and its managing director for $5.5 million. The group said yesterday it will transfer its leisure and lifestyle entertainment
      265 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      127 4 1 FREE ADMISSION i Js< Gates open from 6.30pm sso@ THE RACECOURSE SUNDAY, 14 SEPTEMBER 08 7.00pm, Parade Ring Conductor: him You Celebrate the Mid-Autumn Festival at the Singapore Racecourse and enjoy an evening of popular music by the SSO. BERNSTEIN Overture to Candide YAO MIN kci arr.PHOONY.T. Peach Flowers
      127 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      51 5 *The Straits Times is read by 1.3 million daily. LQJhnd the onesip_n U. pJ THAT FIT! r ps^/ Recruit the right people j _> 1 _J through CATS Recruit. -t fH Call 1800 289 8822 or email [y-^ I v. j V>^-\recruit@sph.com.sg j ly J to advertise. p1 xn-T hi*
      51 words
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      Lock icon Page 5 Advertisements Column 2
      153 5 ■r Z HE it ***** 1811 rT TTT iiiii _TTtl !TTM lIIWIiIItII'IIIWfTTT' 'Tt I .~\V TTTTTTT" ~^fcr X^l Hl"~I^I HKZZ'I^I BmT* TilllittlMHHiiiil'""'M BmH pF~t2i -^B-f-^B IFTBI hT-"-^1 pF'-'^H pTt-tE BJ"~-^B pF"-^M "^KX *****11 i» ■l"_jB Til *****' ***** tttt C■ i 2ZX iW&ViTiU 'J 'r "M^"" WTT^^^BTTy 11 !~T~ -I
      153 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index hits new 23-month low
      581 6  -  R SIVANITHY STOCKS Monday's 120-point gain wiped out as yesterday's 81-point loss caps three-day sell-off 0N MONDAY, the Straits Times Index (STI) rose 120 points following news of a US government bailout of gov-ernment-sponsored enterprises Fannie Mac and Freddie Mac. At the same time,
      Bloomberg  -  581 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      94 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 1 10 5 0 0 0 1 10 5 lanufacturing 18 122 43 11 13 20 133 56 Commerce 10 43 16 12 50 22 )t/Stor/Comms 24 10 26 ■inance 29 30 Construction 13 16 'roperties
      94 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 17,765 17,765 78,865 78,865 lanufacturing 284,688 13,203 297,891 208,100 1,251 209,351 lommerce 65,145 13,087 78,232 73,106 3,043 76,149 'pt/Stor/Comms 107,504 1,200 108,704 264,649 200 264,849 :i nance 50,136 20 50,156 528,936 528,937 lonstruction 18,463 8,474 26,937 2,329 280 2,610
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      107 6 lapitaLand 4.170 -0.090 lapitaMall 2.650 -0.090 lityDev 9.120 -0.290 losco Corp 1.620 -0.100 IBS Grp 17.080 -0.760 :&N 4.020 -0.060 Sent Intl 0.470 -0.020 IK Land 3.520 -0.080 ISH 14.100 +0.080 lardineC&C 16.220 -0.780 Ceppel Corp 8.500 -0.380 Ceppel Land 3.380 -0.150 IOL 1.900 -0.130 loble
      107 words
    • Article
      Lock icon BROKERS' TAKE
      973 6  -  LYNETTE KHOO Property Sector DBS Group Research, Sept 11 MARINA Bay Financial Centre 1 secures new leases: The Keppel Land/ Cheung Kong/Hongkong Land consortium has signed new leases with BHP Billiton, Macquarie Group and Murex, totalling 241,000 square feet, at the Marina Bay Financial Centre 1 (MBFCI), bringing
      973 words
    • Article, Illustration
      Lock icon NZ$ badly mauled on rate cut, commodities
      499 6  -  LARRY WEE CURRENCIES THE New Zealand dollar or Kiwi suffered outsized losses yesterday, pummelled by a larger-than-expected rate cut, lower commodity prices, and fresh 2008 highs for the US dollar across a broad front. By the Asian close yesterday, news of a half
      Reuters  -  499 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      56 6 Sep11 VALUE CLOSE IT OB/OS -1056.00-288.0C IT CADI -*****.00-310.0i IT 10-day MA -*****.00-106.0i TSE ST Mid Cap 577.52 -12.4. TSE ST Small Cap 475.73 -13.0. TSE ST All Share 627.21 -18.6 TSE ST China Top 284.19 -17.1 TSE ST China 281.17 -16.9' IOB Catalist 107.79 -2.81 IMSCI
      56 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 6 iolden iri 49,095,000 uani :haolFB 41,102,000 in< iTel 36,561,000 .and 26,656,000 !hina Hon< jxini 25,183,000 DBSDBeCW*****9 21,027,000 ■osco Cor| 18,883,000 Noble Gr| 17,651,000 "hai Beverai 17,467,000 DBS MBL eCW*****4 14,685,000 VALUE($) DBS Gr| 195,557,994 UOB 150,659,940 in< iTel 121,254,490 i Land 112,556,890 ICBC Bk 100,731,601 ;gx 59,712,377
      61 words
    • Article
      Lock icon RISES
      99 6 CLOSE UP 2800 40.4 IMH 1.' ;GAePW*****3 65.5 20.0 44.' ;TI285O DBePW*****2 58 16.5 39.: ;TI2900SGAePW*****0 72.5 13.0 21.: ;TI 2800BNPePW*****9 49.5 12.0 32.' ISH 1410 11.5 0.' ;TI2800SGAePW*****0 55.5 11.5 26.1 m 2900BNPePW*****9 57 11.5 25. iBS MBLePW/*****0 34.5 11.0 46.: ;TI275O DBePW*****3 51 10.5 25. BY PERCENTAGI
      99 words
    • Article
      Lock icon FALLS
      116 6 CLOSE DOWN LD 10US$ 7306-461.4 -4.2 China H 10US$ 1297 -82.2 -4.2 DBS MBL JCW*****3 450 -79.0 -14.9 lardine C&C 1622 -78.0 -4.6 UOB 1842 -78.0 -4.1 DBS Gr| 1708 -76.0 -4.3 :iMBAsean40 100US$ 708 -66.3 -6.1 imei iNav 2342 -48.0 -2.0 India Ni 10 1365 -46.0 -3.3 I
      116 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      84 6 Sen 11 %CHNG CLOSE FR Sep 10 YR SSLOW R2008 S$ HIGH USS 1.4445 -0.69 1.4542 1.3457 Euro 2.0090 1.06 2.2064 2.0070® Pounds 2.5264 0.28 2.8431 2.5018 1.1433 1.29 1.3251 1.1425® ren* 1.3523 -1.23 1.4484 1.2619 Rupiah* 0.***** 0.32 0.***** 0.***** Baht* 4.1592 -0.35 4.4299 4.0190
      84 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      88 7 ■ta_^ A^^^H m^ The name behind some of j^k S ■V V fl the world's foremost projects I in oil gas, infrastructure B and petrochemicals. I I l^i With 15,000 professionals in V B^^^^ B five continents, we are uniquely V V^ B empowered to work on global projects of
      88 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Semicon industry bullish about 2009
      601 8  -  AMIT ROY CHOUDHURY 70% of respondents in survey confident their revenues will rise next year By SINGAPORE'S semiconductor association, Midas, is very bullish about the industry's performance next year which it predicts will be a year of growth. In a survey of leading semiconductor companies
      601 words
    • Article
      Lock icon Fresh hope for cardiovascular patients with new drug
      238 8  -  NISHA RAMCHANDANI By A MEDICAL trial has confirmed that a drug that lowers blood pressure reduces the risk of cardiovascular death, heart attack and stroke by 13 per cent in high-risk patients who cannot tolerate standard treatment. Typically, cardiovascular patients are treated
      238 words
    • Article, Illustration
      Lock icon Faster cash circulation with Certis CISCO'S new $20m centre
      319 8 CERTIS CISCO has launched its $20 million investment, a newly upgraded and automated cash processing centre, to boost the efficiency of cash circulation. The new automated system will cut cash processing time by more than half to enable greater capacity for
      319 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Get your Formula One brochures islandwide
        48 8 INFORMATION brochures on public transport and traffic changes during this month's Formula One Grand Prix are available at selected bus interchanges, MRT stations, petrol kiosks and the Tuas and Woodlands checkpoints. The brochures detail road closures and alterations to public transport services
        48 words
      • Article
        Lock icon Sports safety gets a leg up
        39 8 FOURTEEN organisations have joined the Singapore Sports Council to promote sports safety through a three-year plan. The aim of the plan is to create safety awareness, build safety skills and encourage safe practices.
        39 words
    • Article
      Lock icon High-end home market going off the boil
      398 9  -  UMA SHANKARI Developers are testing the market to see if their projects will sell By MOST developers are still holding off launching luxury condominiums, but a few projects are slowly being put on the market. Frasers Centrepoint has launched and sold about 30
      398 words
    • Article, Illustration
      Lock icon BACKING a GOOD CAUSE
      105 9 ON the seventh anniversary of the Sept 11 World Trade Center attacks, financial brokerage BGC yesterday paid tribute to the 658 staff it lost that day by donating the entire day's proceeds expected to exceed US$7 million to various charities worldwide. In Singapore, BGC will donate
      105 words
    • Article, Illustration
      Lock icon Capita Land rolls out first phase of mega UAE project
      251 9 CAPITALAND and Abu Dhabi's Mubadala Development Company yesterday launched the first phase of a massive project in the United Arab Emirates (UAE) capital. The phase, called Rihan Heights, is a residential development comprising 14 villas and 854 condominium units on
      251 words
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      Lock icon Page 8 Advertisements Column 1
      55 8 Luxury MP V SU V HYB R I D #mtors r I w ij^l ■"'i /1 MpjIMHWP IPwiPW PrSßffilSnßl ■HH||pijMHMMMpIH ■^Igw B" HYBRID MOTORS PTE. LTD. Showroom Tel: 6846 4567 MON SAT 9:3oam- 6:3opm SUN 10:30 am -6:3opm 5 Übi Close, Singapore *****5 Workshop Tel: 6842 4567 MON FRI B:3oam
      55 words
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      Lock icon Page 8 Advertisements Column 2
      47 8 *The Straits Times is read by 1.3 million daily. r3 FIND THE ONES P H nTUTHATFIT! h Q Recruit the right people P" through CATS Recruit. $r^\ 3 C Call 1800 289 8822 or email y i recruittsph.com.sg r^J to advertise. I V/> j1 RECRUIT \^y\ —>g
      47 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      479 9 CATS Recruit The first step on your ladder to success I o fSlk J- J^JcJXJ dj Ui if) 3 HAMILTON ISLAND HAYMAN ISLAND GREEN ISLAND FITZROY ISLAND ICAII I Hamilton Island is located in the heart of The multi award-winning Hayman Island is This lovely coral cay is just 45
      479 words
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  • ECONOMY WATCH
    • Article
      Lock icon UK building societies eye mergers
      509 10  -  JANE MOIR Smaller players fight for survival as mortgage lending heads for record low By in London AS mortgage lending in the UK heads for an all-time low, smaller building societies are looking to merge with bigger players to survive the economic downturn. The recent
      509 words
    • Article, Illustration
      Lock icon S Korea holds base interest rate steady at 5.25%
      501 10 Reuters Central bank seen keeping rates on hold for rest of 2008 [SEOUL] South Korea's central bank left interest rates steady yesterday and voiced its concern about high inflation, shaky markets and slowing growth, boosting expectations that rates will stay on
      Reuters; REUTERS  -  501 words
    • Article
      Lock icon Asian inflation to dip in coming months: Kuroda
      260 10 Reuters [JAKARTA] Inflation wiU begin declining in emerging Asian economies in the next few months, Asian Development Bank head Haruhiko Kuroda said during a visit to Jakarta on Wednesday. Mr Kuroda did not give reasons, but inflation in Thailand and South Korea
      – Reuters  -  260 words
    • Article, Illustration
      Lock icon Credit squeeze seen slowing global growth
      473 10  -  ANTHONY ROWLEY i- I By in Tokyo GLOBAL financial market turbulence will persist despite the US government taking over mortgage giants Fannie Mac and Freddie Mac, a former US Treasury official warned yesterday. Charles Dallara, now managing director of the Washington-based Institute of International
      473 words
    • Article
      Lock icon Consumer confidence falls in Thailand
      222 10 Bloomberg [BANGKOK] Thailand's consumer confidence fell in August to the lowest level this year as anti-government protesters seeking the prime minister's resignation took over his office compound. The index dropped to 70.5 from 71.8 in July, the University of the Thai Chamber of Commerce said
      – Bloomberg  -  222 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      341 10 j^ Conservation House Blair Road **s*^ u "A 3 units in a row for individual/ WtfS^ ?^s^!-__^__ -,^'i collective sale g^NOTICES f gg| f B Freehold 2 1/2 storey iglH Fil y| I Land/Built-in: 2'loo/4'Boo sq ft H per unit I* Ideal for redevelopment/extended irirnipaiJudge families/staff accomodation Fariiy court I*
      341 words
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      Lock icon Page 10 Advertisements Column 2
      233 10 IQecoWise ECOWISE HOLDINGS LIMITED (Company Registration No. *****9835 C) NOTICE TO WARRANT HOLDERS Notice to Warrant Holders (as defined under the Deed Poll dated 12 October 2007 constituting warrants in respect of the issue of up to 83,325,000 free detachable warrants, each warrant carrying the right to subscribe for one
      233 words
  • Page 10 Miscellaneous
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  • MALAYSIA
    • Article, Illustration
      Lock icon Telekom Malaysia rival wants broadband licence
      500 11  -  S JAYASANKARAN Firm planning own privately funded, RMlBb high-speed network By in Kuala Lumpur THE government's award of an RM11.31 billion (554.7 billion) nationwide, high-speed broadband (HSBB) network to state-owned Telekom Malaysia (TM) has not deterred a rival company that wants a licence to
      i i BLOOMBERG  -  500 words
    • Article
      Lock icon New entity IJM Land aims to expand globally
      489 11  -  PAULINE NG i, i i It plans to launch 28 projects in M'sia over next six months By in Kuala Lumpur IJM Land, the new entity formed as a result of the merger between the property units of Road Builder Group and
      489 words
    • Article
      Lock icon KL won't tax IPPs' profits
      201 11 Reuters [KUALA LUMPUR] Malaysia's government has scrapped plans to levy windfall taxes on independent power producers' profits, a move that had been criticised by power companies which said it would hurt their credit ratings. Independent power producers (IPPs) will instead make a one-off payment to
      Reuters  -  201 words
    • Article
      Lock icon BURSA MALAYSIA
      2217 11 iep11 RM COOO) \&M Realty 0.41 \bric Bhd 0.17 advance Synergy 0.09 Viventa Bhd 0.90 Multi Hldgs 0.20 Win Holdings 1.68 \hmad Zaki Resou ...0.63 Me Corp 0.45 Mrasia Bhd 1.11 \kn Technology 0.39 alliance Financi 2.52 aluminium Co 0.99 Amalgamated Ind ...0.46 tomb Hldgs Bhd ....2.97 \mtel
      2,217 words
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  • GREATER CHINA
    • Article
      Lock icon Real estate woes spread as sales p ummet
      607 12 -NYT Coastal cities in mainland China have had the steepest downturns [GUANGZHOU] China has joined the United States, Britain, Spain and others on the list of nations suffering a real estate decline. Although the last national statistics showed singledigit growth from July
      -NYT  -  607 words
    • Article
      Lock icon Taiwan government unveils NTslt economic stimulus package
      332 12 Reuters [TAIPEI] Taiwan unveiled a stimulus package yesterday that it said could generate NT$l trillion (5544.9 billion) in domestic investment and consumption, in its latest effort to bolster the island's sluggish economy. The scheme announced by the cabinet would cost the government NT5122.6
      – Reuters  -  332 words
    • Article
      Lock icon US-China trade talks set for next week in California
      317 12 -AFP [WASHINGTON] The United States and China hold high-level trade talks in California next week amid tensions over the Asian power's massive export surplus and concerns about a slowing global economy. The meeting on Tuesday will mark the 25th anniversary of
      -AFP  -  317 words
    • Article, Illustration
      Lock icon China to review Coca-Cola deal under market principles
      232 12 -AFP [SHANGHAI] China will review Coca-Cola's plan to take over China Huiyuan Juice Group according to the principles of a marketoriented economy, state media reported, citing a commerce ministry spokesman. "The commerce ministry will adhere to the principles of a market-oriented economy,
      -AFP; REUTERS  -  232 words
    • Article
      Lock icon Large earthquake doubles chances of more
      296 12 Reuters [WASHINGTON] China's giant earthquake in May near Chengdu caused so much geologic stress in the Tibetan Plateau that it doubled the chance of more big quakes along three neighbouring faults, scientists reported. "The magnitude 7.9 quake on May 12 has brought several nearby
      Reuters  -  296 words
    • Article
      Lock icon Poverty draws Chinese to unsafe mines
      450 12 Reuters [TASHAN, China] Why anyone would choose to work in China's often deadly mining industry must surely be a mystery until you talk to people like Lv Renyan. For him, poverty is the motivating factor, given the potential financial rewards. Mr Lv lives and
      – Reuters  -  450 words
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  • INDIA
    • Article, Illustration
      Lock icon Six firms vie for US$9b India telecoms order
      508 13 Reuters Contract is to provide wireless infrastructure to state-run BSNL [NEW DELHI] Telecoms equipment makers Ericsson and Nokia Siemens Networks are competing with four other firms in a tender potentially worth US$9 billion to provide wireless infrastructure to India's Bharat Sanchar Nigam
      – Reuters; BLOOMBERG  -  508 words
    • Article
      Lock icon Banks may fund foreign farm purchase: paper
      110 13 Reuters [NEW DELHI] India may allow banks and financial institutions to finance purchase of farmland overseas for cultivating oilseeds and lentils, the Economic Times newspaper reported yesterday. A senior trade official last week told Reuters that a consortium of 14 Indian vegetable oil
      – Reuters  -  110 words
    • Article
      Lock icon Foreign firms eyeing stake in United Spirits
      292 13 Bloomberg Unconfirmed report says Suntory may buy 10-15% stake [NEW DELHI] UB Group, the company that owns India's biggest brewer and spirits maker, said that overseas companies have shown interest in buying a stake in United Spirits Ltd. "There are a number of
      Bloomberg  -  292 words
    • Article
      Lock icon Essar Oil to raise USssb bank loan for expansion
      176 13 -Reuters [MUMBAI] Indian oil refiner Essar Oil is close to raising US$5 billion in loans underwritten by four banks to fund the expansion of its refinery in western India, three bankers with knowledge of the deal said yesterday. Essar will raise
      -Reuters  -  176 words
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      395 13 A Brunch Divine A culinary wonderland unfolded before us; choices aplenty complemented with unlimited Champagne. Freshly-shucked oysters and crustacean Sunday Champagne Brunch on ice beckoned as did the petit canapes and cheese. Meanwhile, succulent roasts and gourmet creations vied for attention alongside breakfast w jth unlimited Veuve Clicquot, favourites. The
      395 words
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  • LEHMAN IN CRISIS
    • Article, Illustration
      Lock icon Now to convince investors it can deliver
      726 14 -AP Plan seen as long on hope, short on details; doubts over execution raised Souce: [NEW YORK] Lehman Brothers has presented its rescue plan, now it has to convince Wall Street it can make good on its promises. On Wednesday, the 158-year-old investment
      -AP; BLOOMBERG; Bloomberg, NYT  -  726 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8625 14 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.867/ AIGIF Spore Bond Fund/ A 1.335/ APS Asset Mat 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 0.9397/ APS
      8,625 words
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      3084 15 w MAIS JL^I JL JL^^ JLj l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg ThaißcV Pursuant to the Company's Articles of Association and the Thai SET regulation, the resolution of Agenda 3 requires at least three-fourths of the total number of voting rights of all of shareholders who attend the
      3,084 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Banks sold complex schemes to dodge US dividend tax: report
      635 16 -NYT It names Morgan Stanley, Lehman, Deutsche Bank, Merrill, ÜBS and Citi [NEW YORK] Wall Street investment banks are marketing and selling complex schemes meant to allow foreign investors, including offshore hedge funds, to illegally avoid paying billions of dollars
      -NYT  -  635 words
    • Article, Illustration
      Lock icon Top Aussie banks may face A$7b in bad debts
      703 16 Reuters [SYDNEY] Bad debt charges for Australia's top banks are expected to triple to more than As 7 billion (558.04 billion) this year, as more borrowers struggle to repay loans and asset values fall as the economy slows. Top lender National
      – Reuters; REUTERS  -  703 words
    • Article
      Lock icon July trade deficit surges to 16-month high
      398 16 -AP LATEST US DATA [WASHINGTON] America's trade deficit shot up in July to the highest level in 16 months as oil imports hit an all-time high, offsetting strong export growth. The deficit with China climbed to the second highest level on record. The
      -AP  -  398 words
    • Article
      Lock icon Opec takes middle ground with latest output cut
      627 16 -AP [VIENNA] The just-ended Opec meeting was about more than what a barrel of oil can fetch on the open market as the global economic picture grows dim. Opec heavyweight Saudi Arabia gave a nod, at least symbolically, to fellow member states
      -AP  -  627 words
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  • WORLD
    • Article
      Lock icon US move to int'l accounting 'dangerous'
      487 17 Reuters Official of auditor watchdog sees hindrance to auditors, regulators [NEW YORK] The push to move US companies to international accounting standards is a myth-laden, politically motivated process that could set US markets back by "light years", a top US accounting regulator said on
      – Reuters  -  487 words
    • Article, Illustration
      Lock icon TAKING A SHINE TO KATE
      52 17 [LONDON]Recognise her? This gold statue, entitled 'Siren 2008', is British artist Marc Quinn's imprint of supermodel Kate Moss. Quinn's work is the largest gold statue since ancient Egypt and will premiere as part of the exhibition "Statuephilia: Contemporary Sculptors at the British Museum" on Oct
      AFP  -  52 words
    • Article
      Lock icon More fair lending data sought
      201 17 -Reuters [WASHINGTON] The regulator of some of the largest US banks said on Wednesday he wants institutions to collect more data earlier in their fair lending process. Banks are required to disclose detailed lending data under the federal Home Mortgage Disclosure Act (HMDA) by March
      -Reuters  -  201 words
    • Article
      Lock icon EU lawmakers call for securities laws
      329 17 Bloomberg They are pushing for oversight of hedge funds, buyout firms' activities [NICE, France] European Union lawmakers called for hedge funds and buyout firms to be subject to disclosure and capital rules, including restraints on their activities, to safeguard workers. The non-binding resolution was
      – Bloomberg  -  329 words
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      2973 17 _L^l V^>/ X. Xv^-LjLJ Toll free: 1800-289-8822* Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF THE IN THE MATTER OF THE m companies act (cap. so) companies An up 50 VAN DER HORST ENERGY LIMITED LEGIONHOL Mm™P?E LTD IN THE MATTER OF (Registration No. *****1941G) (In Members' Voluntary Liquidation) CHIA CHIA
      2,973 words
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      316 18 ARKTORI I ARKCATH I H Owner: Owner: I Fish Eagle Maritime t 9 Tawney Eagle Maritime Principal Particulars *^T*^tr\ Principal Particulars l_ :r Length Overall: T~A Length Overall: 67.00 m 3» v T 1" 67.00 m r Breadth Moulded W-- S."T Breadth Moulded 16.00 m S^^W fe 16.00 m A
      316 words
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  • AVIATION
    • Article, Illustration
      Lock icon Boeing expects strike to last at least a month
      544 19 Bloomberg All work delayed; CFO estimates cost exceeding 2005 strike's USs3oom [SEATTLE] Boeing Co said that it expects the machinist strike that shut down its plane factories to last at least a month, further postponing the 787 Dreamliner and costing the
      Bloomberg; AP  -  544 words
    • Article
      Lock icon Voluntary disclosure of errors may boost safety
      442 19 -AP [WASHINGTON] Letting airlines escape punishment for safety violations if they voluntarily confess their errors to the government is essential for safety, an independent panel told the US Federal Aviation Administration in a report released on Wednesday. It said, however, that the government
      -AP  -  442 words
    • Article
      Lock icon American Airlines staff call for filters to bar Web porn
      302 19 Bloomberg [DALLAS] American Airlines flight attendants are urging the world's largest carrier to filter its in-flight Internet service to block access to pornography and other websites that the workers said are inappropriate. Union leaders discussed the issue with management, without
      Bloomberg  -  302 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2475 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 Bn Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA
      2,475 words
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      216 19 XgP?y b -'T RON I C S fße Seen. Be Connected. Be Global. WmL WKmmSSmm a -k k^^HT^^P^^Bß Hnai^ ht' Contract Network with more than I 1,000 (JtmSl pc-bass^ L.' A^M^ofel SMT Metal Stamping* VixgfflO E 1u'Pment Precision industry professionals atAsias premier ,>. Bf\, *l Measurement ;'*BlMf''-. ij Systems electronics
      216 words
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  • SHIPPING
    • Article
      Lock icon Chinese shipbuilder Yang Fan plans IPO
      191 20 It hopes HK listing next year will promote branding [HAMBURG] Chinese shipbuilder Yang Fan Group, in which Goldman Sachs holds a 20 per cent stake, is eying a stock market listing in Hong Kong in the first half of next year, chairman Xv Yu
      191 words
    • Article
      Lock icon NOL ahead in race for Hapag-Lloyd deal: German papers
      181 20 [FRANKFURT] Singapore's Neptune Orient Lines (NOL) leads the race to acquire TUl's container shipping unit Hapag-Lloyd, ahead of a group of Hamburgbased investors, German newspapers reported yesterday. NOL would be able to pay clearly more than the Hamburg group thanks to
      181 words
    • Article, Illustration
      Lock icon Capesize rates on Brazil to China route dive
      338 20 Reuters [SINGAPORE] Capesize freight rates on the key route between Brazil and China have fallen below US$5O per tonne for the first time in 14 months, hurt by a drop in Chinese demand for iron ore, shipping brokers said yesterday. Freight rates
      – Reuters; AFP  -  338 words
    • Article
      Lock icon EU to include shipping in emission trading
      138 20 [BRUSSELS] Shipping should be included in the European Union's flagship weapon against climate change, the Emission Trading Scheme (ETS), from 2013, a panel of EU lawmakers said yesterday. The European Parliament's influential industry committee also approved measures to protect European heavy industry from
      138 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        125 20 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.55 0.32 1.62 0 65
        125 words
      • Article
        Lock icon KLSE
        37 20 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.75 8.55 8.20 2.99 3.00 0.12 unch -0.02 unch -0.30 -0.13 unch unch unch 22 97 731 1789 41 83 0
        37 words
      • Article
        Lock icon BANGKOK
        12 20 '00 ■recious Ship legional Cont 17.90 14.20 unch 0.10 500 123
        12 words
      • Article
        Lock icon HONGKONG
        11 20 '000 joil ungamas Cont 22.00 1.49 0.60 -0.05 1252 1804
        11 words
      • Article
        Lock icon PHILIPPINES
        25 20 '000 11 Peso Vol Aboitiz Equity ntl Container Keppel Marine Keppel Prop 7.40 27.50 2.50 unch -0.10 -0.50 unch unch 448 504 103 0
        25 words
      • Article
        Lock icon TAIPEI
        22 20 Evergreen Marine ....16.10 :irst Steamship 49.80 /VanHai Lines 15.00 fang Ming Marine ..13.00 -0.50 -2.00 -0.60 -0.40 12 2 3 6
        22 words
      • Article
        Lock icon TOKYO
        40 20 '000 Kawasaki Hvy Ind ..209.00 -5.00 ***** Kawasaki Kisen 667.00 4.00 9845 Mitsubishi Hvy 464.00 -27.00 ***** Mitsui Eng&Sbldg ..200.00 -2.00 ***** MitsuiOsk Lines ...1039.00 -12.00 ***** Nippon Express 480.00 -7.00 3884 Nippon Yusen 773.00 -6.00 5710 Source: Reuters
        40 words
    • Article
      Lock icon Northrop wins US$5.11b aircraft carrier contract
      270 20 Bloomberg [WASHINGTON] Northrop Grumman Corp, the world's biggest warship builder, won a US$5.ll billion contract to design and build the USS Gerald Ford aircraft carrier, named after the former US president and World War II Navy veteran. The work will take place in Newport
      – Bloomberg  -  270 words
    • Article
      Lock icon Irish adventure training ship sinks near France
      138 20 [DUBLIN, Ireland] Ireland's navy says that the national sail-training ship, the Asgard 11, has been abandoned by its 25 crew and passengers and has sunk off the French coast. Commandant Fergal Purcell, of the Irish Defence Forces, says that all aboard escaped on
      138 words
    • Article
      Lock icon China box firm takes control of HK's Enric
      240 20 Bloomberg SHANGHAI] China International Marine Containers Co, the world's largest maker of boxes to move freight, plans to take control of Enric Energy Equipment Holdings to diversify its business and bolster profit margins. The shipping box maker will transfer two units worth
      Bloomberg  -  240 words
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      135 20 STRAITS/NEW ZEALAND DISCUSSION AGREEMENT NOTICE TO TRADE RATE RESTORATION EFFECTIVE 15 OCTOBER 2008 FROM SOUTH EAST ASIA AND SOUTH ASIA TO NEW ZEALAND The following Member Lines wish to inform the trade that as part of their Business Plan for 2008, the following Rate Restoration (RR) will be implemented on
      135 words
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      Lock icon Page 20 Advertisements Column 2
      104 20 [H&BID Brought to you by Zap Code and Harvey Norman Only ONE set for bidding! Bid price starts from $500 Bidding ends 11.59pm, 14 Sep 2008 Scaly Amber Queen Size Mattress Plush and comfortable with the finest fills Patented Posturetech inner spring Senses the body's movement during sleep Responds with
      104 words
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      Lock icon Page 20 Advertisements Column 3
      5 20 M^fl H^JI faiU Uk Mil
      5 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon There's still room for more giving
      525 21 THE findings at first glance certainly augur well for the evolving Singapore spirit: Donations by individuals to charity have hit a new single-year high of $958 million, and "donor participation" crossed the 90 per cent mark. But a closer look at the 2008 "Individual
      525 words
    • Article, Illustration
      Lock icon Is LDP rule in Japan coming to an end?
      1057 21  -  ANTHONY ROWLEY History has swept away the very foundations of the party, leaving it high and dry JAPAN is a country that is proud of its traditions but it may be about to cast off one of them: that of being
      REUTERS  -  1,057 words
    • Article, Illustration
      Lock icon Republican pair need crash course on economics
      774 21  -  LEON HADAR THE BOTTOM LINE A FRIEND of mine who lives in New York City told me that she and her husband were planning to vote for independent party presidential candidate Ralph Nader this year. "He is the only one who is ready
      774 words
    • Article, Illustration
      Lock icon Assuming the worst about Lehman
      673 22  -  MICHAEL LEWIS Bear Steams bailout which was meant to prevent the crisis from spreading has only helped prolong it By TO see the mental state of financial markets at the moment you need only to sit at a computer with an Internet connection and watch
      AFP  -  673 words
    • Article, Illustration
      Lock icon Gas reserves fire American imagination
      1076 22  -  G PANICKER NATURAL gas is being hyped as the interim answer to America's energy security. It is also being claimed that if this relatively clean-burning fuel takes off in the United States, it would lead to lower oil prices globally since the US would then
      AP  -  1,076 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8544 23 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div GrYld Net M Cap ('000) High Low Buyer Seller C'vr P/E $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 1938 AEICorp 20.5
      8,544 words
    • Article
      Lock icon SGX XTRANET
      76 23 52 -Wk Tel High Low Code Last Sale Vol f'OOO] Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _H|i ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 ISMSCI Spore 6101 ISS&P5OO ***** ***** 6170 SPDRS 398.3 262
      76 words
    • Article
      Lock icon SGX CATALIST
      1813 23 Hii |h Low Code Comi >an' Sale C000) Hii Low By ler Seller C'vr P/E Smil 20 11.5 1181 s AAGrp 30.5 15 5000 sABRHIdgs 32 18 8538 s APStrategic 10 1.5 1501 s Advanced System 38 17 3518 s Afor 42 6 1524 s Alantac 20 7
      1,813 words
    • Article
      Lock icon CLOB INTERNATIONAL
      185 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      185 words
  • Page 23 Advertisements
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      34 23 k jpfep, NEW ROYAL OAK IN EXCELLENT SHAPE Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED \B W 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      367 24 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Se| 10 World Index Preliminan 919.1 0.0 -18.8 -0.1 -20.8 -0.2 -20.! t EAFE Preliminai 873.4 -0.7 -22.1 -1.0 -25.5 -1.1 -25.; Eurot Preliminan 1201.1
      367 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 24 As at 9am Sep 11 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1400 1.1560 Can dollar 1.3310 1.3490 Euro 1.9970 2.0200 NZ dollar 0.9310 0.9540 Sterlini 2.5040 2.5191 US dollar 1.4310 1.4470 Local dollars to 100 units of foreign currency:
      130 words
    • Article
      Lock icon INTERBANK RATES
      175 24 Sep 11 Overnight 1-month 2-months 3-months Overnight mode: 1 USS 1 1/8 1 1/16 1 3/16 1 1/4 Offer 1 15/16 1 1/16 1 1/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.35 2.60 2.80 3.00 3.18 3.25 3.32
      175 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 24 Sep 11 len Hii Sett STI SIMSCI Am 320 320.4 311.7 Taiwan Aui 246.9 247.5 241.0 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 24 Sep 11 Bid Offer 1-month 1.4399 1.4413 2 months 1.4380 1.4395 3-months 1.4361 1.4377 6 months 1.4310 1.4327 Source: OCBC
      23 words
    • Article
      Lock icon SICOM FUTURES
      288 24 Sep 11 RUBBER 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 09 417.75 416.00 413.50 412.00 413.50 415.00 RSS 3 (US cents/kg) Month Hig g|i Low Sett Volume (tonnes)
      288 words
    • Article
      Lock icon CHICAGO BOT
      103 24 Sep 10 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 08 1181.50 1209.00 1206.00 1190.00 Nov 08 1178.00 1201.00 1202.00 1176.50 Jan 09 1194.75 1217.75 1217.00 1193.00 Mar09 1208.75 1231.75 1231.00 1207.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 08 47.69 48.18 47.70 47.70 Oct
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 24 CRUDE OIL PRODUCTS Sep 10 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 99.67 -3.08 WTI (Near Mth) 102.82 0.54 Dubai (1 -Mth F) 98.83 -0.96 Tapis blend 109.10 -1.05 Minas 104.00 -1.15 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 97.45 121.29 -0.55 -1.88 USS/barrel Opec
      78 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 24 Sep 11 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.854 5.436 0.570 6.194 36.146 74.868 0.851 8.809 2.755 1.228 60.800 37.365 1.146 6.551 0.904 25.488 27.597 0.453 0.794 Canada 1.170 6.363 0.667 7.250
      466 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 24 Sep 11 Period Issue code Maturity Yesterday's Bid Hit Day's |h Low 3-Month BQ*****X 11.12.08 1-Year BY*****N 04.05.09 1.11 1.28 1.1 1.1 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 4.000
      90 words
    • Article
      Lock icon SIBOR
      76 24 Sep 11 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** syrs 2.***** 7yrs 3.***** 10yrs 3.***** 12 yrs 3.***** 15 yrs 3.***** Source: Reuters 1 mth 2.***** 1.***** 2 mths 2.***** 1.***** 3 mths 2.*****
      76 words
    • Article
      Lock icon PALM OIL
      61 24 Sep 11 Delivery Month Opening Sett Av Range Price Price Hii Low Vol Open Done Position Sep 08 2400 Oct 08 2328 Nov 08 2349 Dec 08 2359 Total o/p: ***** contracts 2308 2400 2360 2283 2341 2269 2309 2359 2275 2321 2366 2290 Turnover: 8027 Market tone:
      61 words
    • Article
      Lock icon PRECIOUS METALS
      139 24 GOLD (USS/oz) Set W Set 11 Hong Kong London 778.10 unav 779.10 unav Sep 09 Sep 10 783.30 764.50 784.20 765.40 Source: Reuters CAST BAR (S$) Sep 11 Buying Sellini Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1
      139 words
    • Article
      Lock icon LONDON METALS
      69 24 Sep 10 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2578.20 2554.00 3 months 2626.00 2603.00 Copper, Grade A (USS/tonne) Cash 3 months 6866.00 6840.00 6851.00 6830.00 Lead (USS/tonne) Cash 1786.80 3 months 1799.00 1756.50 1770.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      78 24 Sep 10 COCOA (Btonne) Close Prev Hii ih/Low Sep 08 1524 1510 1525/1504 Dec 08 1536 1507 1537/1506 Mar 09 1536 1507 1536/1507 May 09 1535 1505 1533/1506 COFFEE (USS/tonne) Close Pev High/Low Sep 08 2139 1231 2135/2130 Nov 08 2163 2156 2173/2145 Jan 09 2187 2176 2196/2169 SUGAR
      78 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 24 Sep 11 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1447 1.1464 0.7939 0.7944 Canadian dollar 1.3401 1.3417 0.9294 0.9297 Euro 2.0094 2.0117 1.3936 1.3940 NZ dollar 0.9316 0.9334 0.6461 0.6468 Sterlini md 2.5262 2.5289 1.7520 1.7524
      158 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      309 24 Sep 11 EURODOLLAR FUTURES Sep08 Dec08 Mar09 Jun09 97.1850 97.1100 97.2200 97.1200 7405 ***** 8531 4841 EUROYEN TIBOR FUTURES Sep08 99.150 99.155 Dec08 99.170 99.170 Mar09 99.200 99.200 Jun09 99.200 99.200 Sep09 99.145 99.145 Dec09 Mar10 Jun10 99.150 99.155 99.200 99.190 99.135 99.155 99.170 99.205 99.175 99.120
      309 words
    • Article
      Lock icon BONDS & WARRANTS
      3146 24 BONDS WARRANTS Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 2058 Advance Modules Grp W*****3 6 susp 2036AdvanceSCTLtdW*****9 0.5 #ArianeCorpLtdW*****9 0.5 9092 Asia Environment W*****4 6.5 unch 6 4481 Asia Water Tech Ltd W*****0 ..18.5 3816 #Asiasons Capital Ltd
      3,146 words
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      4708 27 t^l^^o^W I I J A MntDCt\rl Tel: 65-*****907 Fax: *****917 I I^™ TTT_____^^__ ___^______?VJ _E_l Wmmf _E_l H9 H 2; A^ 0'1"53^1^ asc@asc-asia.com I Win ninny NAY iGATlfllu CRIMPI ■apM^tßj Is___- H__fl [Ml r-^M t^ L shipping companT7 70 Shenton Way, #21-03 Marina House Singapore *****8 |KB iIHWIUHI lUil UllUUr
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  • executive lifestyle
    • Article, Illustration
      Lock icon Pros-turned-artists
      1624 28 Formerly well-paid bankers, lawyers, and businessmen, they switch over to a more unpredictable career, writes CLARISSA TAN THEY are, if you like, the artists who sold their Ferraris. Professionals, bankers and businessmen who gave up secure and well-paying jobs to pursue a much more unpredictable career in the arts.
      ■my PHOTOS: ARTHUR LEE; FILE PHOTOS  -  1,624 words
    • BOOKS
      • Running on adrenaline
        • Article, Illustration
          Lock icon A pleasure to read, despite perplexing sections
          443 29  -  JOSEPHINE CHEW The Bellini Card By Jason Goodwin Publisher: Faber Faber Pages: 301 Price: $35.95 (w/o GST) Rating: B Reviewed by JASON Goodwin's latest instalment of Yashim the Ottoman detective's adventures takes place against the backdrop of two sprawling empires in transition. A
          443 words
        • Article, Illustration
          Lock icon Scriptwriter's debut novel hits the spot
          591 29  -  JOSEPHINE CHEW The Silver Bear By Derek Haas Publisher: Hodder Stoughton Pages: 275 Price: $16.78 (before GST) Rating: B+ Reviewed by THE Silver Bear has all the ingredients of a perfect thriller an enigmatic hero with a tragic past, a plethora of inner demons
          591 words
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          Lock icon An ideal read for a lazy Sunday
          470 29  -  (VMIT ROY (.huuuhukY Silent Thunder By Iris Johansen and Roy Johansen St Martin's Press, New York Pages: 403 Price: $33.60 (w/o GST) Rating: C+ Reviewed by SILENT Thunder is an interesting action thriller co-written by a moth-er-and-son duo, both well-established authors. Iris Johansen,
          470 words
        • Article, Illustration
          Lock icon Satisfying doses of drama and danger in this thriller
          556 29  -  PARVATHI NAYAR Moscow Rules By Daniel Silva Publisher: Michael Joseph Pages: 433 Price: $30.95 (w/o GST) Rating: A- Reviewed by THE fascination with Daniel Silva's books arises from his ability to ask uncompromising questions about so-cio-political moralities, in some of the
          556 words
    • CINEMA
      • Article, Illustration
        Lock icon Cliche-ridden stinker from Pang twins
        526 30 Bangkok Dangerous' primary achievement is that it succeeds in creating a series of cross-cultural misdeeds, says GEOFFREY EU NICOLAS Cage has played so many different roles in his movie career that despite his unconventional leading-man look, nobody can ever accuse him of being typecast. Over
        526 words
      • Article
        Lock icon Noble effort but mixed results
        361 30  -  AMANDA DE GUZMAN By LUC Jacquet, the French director of the sublime documentary, March of the Penguins, puts his considerable talent to work with flora as well as fauna in his latest offering, The Fox and the Child. Like a classic Disney fairytale brought to
        361 words
      • Article, Illustration
        Lock icon Scraping the bottom of the cinematic barrel
        405 30  -  PARVATHI NAYAR DVD REVIEW By THE extras on the recently released DVD of 10,000 BC has a segment where director Roland Emmerich declaims: "I wanted to do a movie like no other movie ever seen." Well, he is spot-on; 10,000 BC is really
        405 words
    • ARTS
      • Article, Illustration
        Lock icon Incongruous snowscape in sunny Singapore
        509 31 Location (6) is a large igloo-shaped structure at Marina Bay, reports CHEAH UI-HOON ITH global warming wreaking haM M voc on our weather, who knows, we may well see snow in Singapore some day. Before that happens, however, Belgian artist Hans Op de Beeck has
        ARTHUR LEE  -  509 words
      • Article, Illustration
        Lock icon Fractured visions of a turbulent past
        536 31  -  EMILYN ANG By CHINESE contemporary art is still the hottest ticket in the art world today. Despite fears that the global economic slowdown will depress prices, it remains a magnet for the world's top collectors with no peak in sight. Yap Chin Chin, Chinese
        536 words
      • Article
        Lock icon One man's prosperity is another's disruption
        386 31  -  BEN MUNROE By IRONICALLY for a play about economic prosperity, Boom by Singapore Repertory Theatre (SRT), began with a downturn. Playwright Jean Tay wrote a play 10 years ago about the economic crisis called Plunge and when asked to update the play, half-jokingly suggested
        386 words
      • AROUNDTOWN
        • Article, Illustration
          Lock icon A golden oldie comes knocking
          166 31 ONE of the most golden of the oldies, Tony Orlando, (right) will be in Singapore for one night as part of his worldwide Yellow Ribbon Tour. Orlando began hitting the charts at 16 with Halfway to Paradise and Bless You. His collaborative effort, Tony Orlando
          166 words
        • Article
          Lock icon Film fest aims at greater communication
          197 31 FOR the eighth year, the Asian Film symposium will bring together a kaleidoscope of independent films from local and regional talents. "One of the main aims is to encourage greater communication and resource-sharing between the countries in Asia," says Low Beng Keng, The Substation's
          197 words
        • Article
          Lock icon Sotheby's HK autumn sale of fine Chinese paintings
          113 31 THIS season's sale from the venerable auction house will showcase works by renowned Chinese artists, with more than 240 lots valued at an estimated total of HK$9O million (5516.7 million). While the sale takes place in October in Hong Kong, Singaporeans will
          113 words
        • Article
          Lock icon Handling the theme of 'wonder'
          166 31 USING several mediums such as sound, video art and paintings, LASALLE's media and fine arts students respond to the upcoming Singapore Biennale's theme of "wonder". "I wanted to engage the students in this project and show audiences the different ways in which one can deal
          166 words
        • Article
          Lock icon A fresh take on a classic tale
          180 31  -  AMANDA DE GUZMAN SINGAPORE Repertory Theatre's the Young Co will stage Shakespeare's classic tale of the King of Navarre, who, with his noble companions, pledge to devote three years of their life to study without distractions, especially of the feminine kind. Things get
          180 words
    • WINE/GAMING
      • Article, Illustration
        Lock icon A contrast in styles
        1051 32 N X YONG samples a selection of wines from the Old and New Worlds OVER lunch and dinner one day in Manila, we had an opportunity to taste a selection of wines that illustrates the different styles of Old World and New World wines, thanks to
        1,051 words
      • Article, Illustration
        Lock icon A little bit of everything at games show
        431 32  -  CHRISTOPHER LIM By THE battle of the music games will come to our shores next week when Rock Band and Guitar Hero: World Tour are shown off officially in Singapore for the first time at Games Convention Asia (GCA) 2008. Parallel importers
        431 words
    • MUSIC
      • Article, Illustration
        Lock icon Metallica's new form is best in years
        736 33 CD REVIEW The band finds the confidence to revisit its old strengths, says CHRISTOPHER LIM Death Magnetic M eta Mica Universal (for the Singapore release) Rating: A Death Magnetic is Metallica's first album in five years but the music itself was initially overshadowed
        AP  -  736 words
      • Article, Illustration
        Lock icon Traditional jazz players but far from low-tech
        534 33  -  CHRISTOPHER LIM By WHEN you walk into Harry's jazz bar at Boat Quay, the feel is distinctly traditional and low-tech. And patrons who enjoyed the performances of saxophonist Keith Loftis and trombonist Vincent Gardner at the Harry's Jazz Festival last weekend might have
        534 words
  • Page 28 Miscellaneous
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      65 29 Singapore's premier gallery of Chinese J& antiquities presents a collection of a* pottery and stone sculptures from the Han through Tang Dynasties, bronzes from the Shang and Zhou eras, ceramics from the Song through the Qing, jade ft KSSIBSJG^M carvings, snuff bottles and |^3ffl|| other works of art, including H|933SSy9s|
      65 words
  • Page 29 Miscellaneous
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      165 29 CRYPTIC CROSSWORD ACROSS rj p; —I ft, tj c I [p mf —I made the Daily Telegraph, from Basra (5) 17 Slaughter in the service area 11 Sort of punch-ups degenera- __BB__BB__M^^^JB__BB__BB__HB^_ v 19 Robin getting two ducks? L—^J—^^^-^^ <^^^R^_ i^^b^m^^ (5) 28 Academic provides the odd means. article about
      165 words
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      152 30 V I N U M FINE WINE MERCHANTS SINGAPORE Kuala LUMPUR BANGKOK MACAU HONG K.DHG ■^mUgng ng Further discounts Retail applicable for self (i2th-20th Sept) [S3I collection* and L" ":l 3 u™t r?o/2i M^ P!J EHI 05 Bffil EE volume purchases. Shaw Centre 1 Scotts Road OPENING I IOURS: Wm
      152 words
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      663 31 ~^^T I MID-AUTUMN I JfaßHß3Wfflli]:fcW ;MH:I»mr,',M,',MJU I f57iS ixm^^vJ^^^^HH festive 3^otS^°Mfl^^ r fci=£i-— W m -V-I I N^X/^JX^TPa/O^ #%^l ritnaVlAtli» C/ DBS/POSB with mm. charge I i with mm. charge rAiS r-A- rll H^^^rJl^i Ig celebrations ***** Card D; e s^ r s s ß only I;,**, w IUUAIICC F4IB
      663 words
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      51 32 I Mii lIOUTLILLE ai.' CHATEAU f 4 '''y-S .=;r"~~ *>+ I GRAND YIN J^^KKHr MmS I CHATEAU"LATOUR I -'-I :»;iIIMi CRAND CBO CI'SS 1 1 H\ rl MAUILLfIC jj^Jjl I•' I I |;^g^ 1982 -~^g I ll■ I I ______l I ___l ____l I I > I•■ I I ____l
      51 words
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      206 33 Sony recommends Windows Vista® Business. TJm I*l I f(jnteU] The Ultimate in Uncdmprdmising Mdbility I Cent!Ti^ Like a good business partner, the top-of-the-line VAIO Z keeps you performing at your best... always. Featuring a 12-layer mounting board the ultimate in high-density mounting that delivers unrivalled portability and performance, the VAIO
      206 words