The Business Times, 25 November 2008

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Microfilm: NL29539
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Tuesday, November 25,2008
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  • Article
    Lock icon Govt steps in to prop up faltering Citi
    748 1 NYT, Reuters US authorities to get USs27b worth of preferred shares in exchange for cash, guarantees [NEW YORK] Federal regulators have approved a radical plan to stabilise Citigroup, in a complex arrangement in which the government could soak up tens of billions
    NYT, Reuters  -  748 words
  • Article
    Lock icon Stanchart plans £1.8b rights offer
    690 1  -  SIOW LI SEN Move will bulk up finances; Temasek to play underwriter as well as investor By [SINGAPORE] Standard Chartered Bank is tapping shareholders for a £1.8 billion (Ss4.l billion) rights issue and largest shareholder Temasek Holdings potentially gets two bites of the cherry. Not
    690 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      45 1 lorn iam I COMP 855.39 -11.49 MKKEI 225 Closed IANG SENG 12,457.94 -201.26 ;et INDEX 386.12 -11.39 JAKARTA COMP 1,141.40 -4.88 IANILACOMP 1,799.72 +33.82 ;eoulcomp 9,70.14 -33.59 ;henzhen B 242.18 -5.91 IUMBAI IND 8,903.12 -12.09 11AM EST Cham )OW 8,367.72 +321.30 IASDAQ 1,444.46 +60.11
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    • Article
      Lock icon PRIME RATES
      28 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONGKONG 5.00 INDONESIA 16.478 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 3.00 US 4.00 CANADA 4.00 SWITZERLAND 2.27 INDIA 13.00 Source:
      Bloomberg  -  28 words
    • Article
      Lock icon FOREX
      47 1 US$ (S$ per US$) 1.531 (US$/S$ per 1.493 2.285 EURO (US$/S$/E) 1.260 1.92' Foreh in curreno ier US$ YEN 95.20 62.2 RM 3.630 2.371 HK$ 7.752 5.06. BAHT 35.29 23.05 RUPIAH 12,425 8,117 RENMINBI 6.829 4.462 INDIAN RUPEE 50.17 32.77 A$ 1.596 1.043 NZ$ 1.884 1.231
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      157 1 APEC SUMMIT Ml PROPERTY SALARIES SME INC f^ f Leaders hope to kick-start |jj| Aussie buyer backs Lower pay for ministers, Business with X trade talks out of Spore deals civil servants a conscience wml PAGE 11 E^i^ite*^u PAGE 30 PAGE 4 PAGE 12 M r^/LX "f Crisis of confidence
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  • TOP STORIES
    • Article
      Lock icon US govt rescue dilutes GIC's Citi stake
      450 2  -  CONRAD TAN However, GlC's rights and dividends from preferred shares still unclear By( [SINGAPORE] The US government's massive capital injection into Citigroup will dilute the Government of Singapore Investment Corp's earlier investment in the bank, although it was unclear yesterday whether the bailout
      450 words
    • Article, Illustration
      Lock icon Santa comes early to Wall Street – literally
      559 2  - Santa comes early to Wall Street literally ANDREW MARKS By in New York STOCK markets in Europe reacted enthusiastically yesterday on word that the US government was readying a massive plan to rescue embattled US financial giant Citigroup. US markets then quickly joined the party as the government made official
      REUTERS  -  559 words
    • Article
      Lock icon Bush ready for more rescues
      91 2 Bloomberg [WASHINGTON] President George Bush said yesterday that he is prepared to make other financial rescue moves like the one to help Citigroup, and that he'll work closely with the Presi-dent-elect on all major moves to shore up the US economy. "We have made these
      Bloomberg  -  91 words
    • Article
      Lock icon Citi survives, now the world can sleep
      435 2  -  HUGO DIXON By CITIGROUP lives to fight another day. That's the good news in the government's mega bailout. The provision of yet more government capital plus a guarantee for a USs3o6b "bad bank" should do the trick of restoring confidence. That's important not
      435 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon US govt steps in to prop up faltering Citi
        67 2 FEDERAL regulators have approved a radical plan to stabilise Citigroup, in a complex arrangement in which the US government could soak up tens of billions of dollars in losses at the struggling bank. The plan calls for the government to back
        67 words
      • Article
        Lock icon Stanchart plans £1.8 billion rights offer
        68 2 STANDARD Chartered Bank is tapping shareholders for a £1.8 billion (Ss4.l billion) rights issue and largest shareholder Temasek Holdings potentially gets two bites of the cherry. Not only will it take up its 19 per cent entitlement of the deeply discounted rights issue, but
        68 words
      • Article
        Lock icon US govt rescue dilutes GIC's Citi stake
        56 2 THE US government's massive capital injection into Citigroup will dilute the Government of Singapore Investment Corp's earlier investment in the bank, although it was unclear yesterday whether the bailout would trigger any changes in GlC's rights or a cut in the dividend that
        56 words
      • Article
        Lock icon GDP slide to hit pay of ministers, civil servants
        55 2 MINISTERS and senior officials, who have a sizable chunk of their salaries linked to the performance of Singapore's gross domestic product, will see their annual pay fall by up to 19 per cent next year as the economy heads into rough
        55 words
      • Article
        Lock icon Otto Marine launches IPO shares at 51¢ apiece
        74 2 HARSH environment-focused offshore vessel builder and operator Otto Marine has braved the adverse market conditions to launch its initial public offering for a mainboard listing. The IPO of 235.3 million shares at 51 cents apiece comprises 206 million new snares and 29.3
        74 words
      • Article
        Lock icon CCT shares fall on refinancing jitters
        55 2 SHARES of Capita Commercial Trust fell as much as 11.9 per cent yesterday after it said that it was pursuing its refinancing needs with several institutions. Analysts said the shares took a beating because the market was jittery that the loans had not been
        55 words
      • Article
        Lock icon Oct's inflation eases on lower petrol prices
        81 2 INFLATION eased in October as petrol prices fell, data released yesterday by the Department of Statistics shows. But inflation was still higher than the level most economists expected, as the price of electricity rose 21 per cent last month. The Consumer Price Index
        81 words
      • Article
        Lock icon Bank Negara cuts rates for first time since 2003
        65 2 MALAYSIA'S central bank cut interest rates for the first time since 2003 and lowered the amount that lenders need to set aside as reserves to help shield the country from a global recession. Bank Negara cut its overnight policy rate by
        65 words
      • Article
        Lock icon China Life eyes AIG's Asian assets
        56 2 CHINA Life Insurance is interested in buying Asian assets of American International Group, a China Life senior manager said yesterday. "We want to buy parts of AlG's business, especially those in areas of Asia such as Hong Kong, Singapore and South Korea," the manager
        56 words
      • Article
        Lock icon Aussie private property fund aborts Singapore acquisitions
        72 2 AN Australian private property fund manager that had been expected to buy some $200 million of Singapore industrial properties including eSys Technologies building in Changi North has decided not to proceed with the acquisitions. Blaxland Funds is said to have put its plans
        72 words
    • Article
      Lock icon GDP slide to hit pay of ministers, civil servants
      714 4  -  CHUANG PECK MING Some could see salaries fall by up to 19% next year By [SINGAPORE] Ministers and senior officials, who have a sizable chunk of their salaries linked to the performance of Singapore's gross domestic product, will see their annual
      714 words
    • Article
      Lock icon Democrats planning massive fiscal stimulus
      459 4 LATWP Programme could total up to USs7oob over next two years [WASHINGTON] Facing an increasingly ominous economic outlook, President-elect Barack Obama and other Democrats are rapidly ratcheting up plans for a massive fiscal stimulus programme that could total as much as US$7OO billion over the
      LATWP  -  459 words
    • Article
      Lock icon Asian insurers may see lower sales
      433 4  -  EMILYN YAP Retaining consumer confidence is critical, says E&Y By [SINGAPORE] The financial crisis and economic slowdown could hit Asia's life insurance business and the industry will need to work hard at retaining consumer confidence, said consultants from Ernst Young (E&Y). According to Graham
      433 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      86 2 khicago booth. Ia name change Iro HELP us ■REMAIN TRUE TO BUR PHILOSOPHY. 'n honor of David Booth's generous financial contributions and spirited affirmation of our philosophy, we are honored and privileged to add his name to our nameplate. David Booth, '71, has always credited Chicago GSB for his success.
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      127 3 Staying ahead of the rest Winning hearts and minds Yes, we can! H tj£f T^fr EPS w£M ''jlH^HIr: 'V r /-'^B &i'r~ •Asia Pacific's Best Independent Hotel Award 2008 by TTG Travel Awards •Asia Pacific's Best City Hotel Award 2007 by TTG Travel Awards Best Employer Award 2008 by Travel
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      78 4 The Executive Education programs at Harvard Business School, offered jointly with the HBS India Research Center, exist for one reason. The impact you make on your business. Take your organization to the next level with new perspectives from renowned thought leaders. Building a Global Enterprise in India South Asia Real
      78 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Raffles president stepping down
      411 5  -  NISHA RAMCHANDANI After leaving Raffles Hotels Resorts in Jan, she'll pursue her desire to master Mandarin Reports by RAFFLES Hotels and Resorts president Diana Ec-Tan is stepping down in January. Mrs Ec-Tan took over the helm in 2006 and her leadership saw 15 hotels and resorts
      ARTHUR LEE  -  411 words
    • Article
      Lock icon Raffles brand spreading its wings far and wide
      467 5 THE Singapore brand name is going places, as Raffles Hotels and Resorts continues aggressive expansion that could see it reaching 30 hotels by 2012 with its sights set on New York, San Francisco and Kuala Lumpur. "As a brand, Raffles has tremendous
      467 words
    • Article
      Lock icon China Printing: little chance of parent repaying debt
      400 5  -  LYNETTE KHOO By L CHINA Printing Dyeing Holding said there is little chance that its parent company Jianglong Holdings and its subsidiaries could repay the debts they owe to creditors. It was citing an announcement issued by Jianglong last Friday in the
      400 words
    • Article
      Lock icon Time to address a potential problem for investors
      627 8  -  YEN SREENIVASAN THE recent batch of earnings results remains generally positive, though weaker than the previous year. But the trend in the latest quarterly numbers is worrisome. Total profit for 89 Singapore Exchange-listed companies which reported half-year earnings to end-Sep-tember was down
      627 words
    • Article, Illustration
      Lock icon Otto launches IPO shares at 51¢ apiece
      500 8  -  VINCENT WEE 234.3 m shares will be placed out and 1m offered to public By HARSH environment focused offshore vessel builder and operator Otto Marine has braved the adverse economic and stock market conditions to launch its initial public offering (IPO) for a
      LAU KENG SENG GARY/LIANHE ZAOBAO  -  500 words
    • Article, Illustration
      Lock icon SGX and BSE sign consultancy agreement
      200 8  -  MARISSA LEE By THE Singapore Exchange (SGX) and Bahrain Stock Exchange (BSE) signed a consultancy agreement yesterday. SGX, through its wholly owned subsidiary SGX-In-ternational (SGX-I), will provide management and operational guidance to BSE. "SGX is one of the most developed exchanges in the Asia-Pacific,"
      200 words
    • Article, Illustration
      Lock icon CCT shares fall on refinancing jitters
      382 9  -  UMA SHANKARI Market nervous over loans that are yet to be confirmed, analysts say By SHARES of Capita Commercial Trust (CCT) fell as much as 11.9 per cent yesterday after it said that it was pursuing its refinancing needs with several institutions. "As and
      Bloomberg  -  382 words
    • Article
      Lock icon Craft Print full-year net loss more than doubles
      339 9  -  NISHA RAMCHANDANI By CRAFT Print International's net loss for the full year ended Sept 30, 2008, more than doubled to $1.63 million from the preceding year's $697,000, due in part to foreign exchange losses. Currency volatility in the group's key markets led
      339 words
    • Article
      Lock icon Rednano.sg ties up with Getty Images
      305 9 SINGAPORE'S local search and directory service rednano.sg has boosted its collection of Singapore-themed images through a tie-up with Getty Images, the world's leading image provider. The move allows users of rednano.sg which was launched by online search and directory company SPH Search in March
      305 words
    • COMPANY BRIEFS
      • Article
        Lock icon SingTel sued over 'mio' name: report
        84 9 SINGAPORE Telecommunications is being sued by Taiwanese computer firm Mitac International Corporation for allegedly infringing the trademark of the name "mio", Channel News Asia (CNA) said yesterday. Mitac claims to have registered the "mio" trademark in Singapore some five years ago, said CNA. "CNA
        84 words
      • Article
        Lock icon Albedo's RTO deal cancelled
        49 9 STEEI trader Albedo's bid to transform itself into a healthcare player through a reverse takeover deal has failed. It said yesterday that it had terminated the share purchase agreement to buy all of Health Trends Medical Investments as certain sales conditions had not been met.
        49 words
      • Article
        Lock icon Straits Asia draws down US$250m
        51 9 STRAITS Asia Resources said yesterday it has drawn down US$25O miUion from a US$3OO million term and revolving loan facility from Standard Chartered Bank. Most of the funds drawn will be used to repay a US$23O million bridge facility and to pay transaction expenses, it
        51 words
      • Article
        Lock icon Novena names CIMB-GK as sponsor
        57 9 NOVENA Holdings said yesterday that it has appointed CIMB-GK Securities to be its sponsor for its transit to the Catalist sponsor-supervised regime. The effective date of the transition, which is subject to the consent of Singapore Exchange, will be no less than one month from
        57 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      553 5 Notice to the Holders of Notes issued under the 5510,000,000,000 Secured Note Programme established by Minibond Limited (other than Series 5,6,7 and 8) Subject: Notice of Swap Counterparty Motion Regarding Derivatives Contracts This notice is issued by HSBC Institutional Trust Services (Singapore) Limited ("HTSG") in its capacity as Note Trustee
      553 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      119 5 lejHmKi Byi^iS? i-^' H 1 B*jS Bui HBEsE RVCO Rpß<" :;:"S"4?"I ImnHmMim AJfuJin Ly/ue SSSPJI www.servcorp.com.sg I Instantly in Business I From $90* per month! A |l No set up fees, no security deposit, morth to mcntn flexibility M Prestigious address for your business cards and letterhead Access to over
      119 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market starts week on weak note
      608 6  -  CONRAD TAN STOCKS UOB and DBS are main drags on STI; gains by heavyweights Sing Tel and KepCorp help limit index's losses STOCKS here started the week on a sour note yesterday as two of the world's biggest banks scrambled to raise capital, adding
      Bloomberg  -  608 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      86 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 7 3 0 0 0 5 7 3 lanufacturing 21 75 47 10 22 80 57 Commerce 19 18 10 22 20 'pt/Stor/Comms 19 19 :inance 10 18 10 18 Construction 11 'roperties 22 22
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      115 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 16,906 16,906 46,037 46,037 lanufacturing 184,661 8,593 193,254 92,621 396 93,017 lommerce 87,187 2,892 90,079 69,663 370 70,033 'pt/Stor/Comms 92,761 162 92,923 108,739 20 108,758 :i nance 27,561 27,561 176,425 176,425 lonstruction 7,209 2,196 9,405 497 52 549 'roperties
      115 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 6 lapitaLand 2.500 -0.100 lapitaMall 1.450 -0.100 jtyDev 5.300 -0.300 losco Corp 0.680 -0.050 IBS Grp 9.270 -0.330 :&N 2.810 -0.090 ient Intl 0.370 iolden Agri 0.170 -0.005 IK Land 2.020 -0.140 IMH 17.540 -0.960 ISH 9.400 -0.200 lardineC&C 9.660 +0.080 Ceppel Corp 4.610 +0.010 Ceppel Land
      106 words
    • Article
      Lock icon BROKERS' TAKE
      318 6  -  JAMIE LEE Technical view DMG AND PARTNERS SECURITIES STRAITS Times Index (STI): Edging closer to the 1,391 level. We have previously noted that the STI is set to fall due to the Symmetrical Triangle pattern that had formed. While the STI did eventually drop 10.7 per cent to
      318 words
    • Article, Illustration
      Lock icon STI likely to consolidate further
      256 6  -  Ken Tai Chee Ming, CHARTPOINT BASED on Elliot Wave theorem, the Straits Times Index is currently trending in Wave-B downtrend of its Wave-4 cycle. At the macro front, the decline in commodity and oil prices is making a positive impact on the US external deficit
      NextVIEW  -  256 words
    • Article, Illustration
      Lock icon Scepticism greets Citi rescue package
      533 6  -  LARRY WEE CURRENCIES FINANCIAL markets in Asia greeted the breaking news of a rescue package for ailing US banking giant Citigroup with a degree of scepticism yesterday, leaving selected Asian bourses and currencies in negative territory by the Asian close. After watching their share price
      Reuters  -  533 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      54 6 CLOSE IT OB/OS -1099.00-201.0C IT CADI -*****.00-144.0i IT 10-day MA -*****.00-110.0i TSE ST Mid Cap 317.58 -8.5. TSE ST Small Cap 270.95 -4.6. TSE ST All Share 386.39 -9.81 TSE ST China Top 156.53 -5.8! TSE ST China 158.49 -5.3' IOB Catalist 75.00 -1.11 IMSCI 197.01 -4.1
      54 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 6 VOLUME Noble Grp 51,394,000 Golden Agri 26,597,000 Ezra 24,722,000 Centillion 20,767,000 Straits Asia 19,704,000 CapitaComm 17,546,000 China Honqxinq 17,126,000 Cosco Corp 17,045,000 Sing Tel 16,165,000 DBS DB eCW*****7 15,027,000 VALUE(S) UOB 63,978,768 DBS Grp 48,594,671 Sing Tel 39,844,100 Noble Grp 39,234,235 SGX 36,495,100 Keppel Corp 29,953,050 Capita
      61 words
    • Article
      Lock icon RISES
      103 6 CLOSE UP 7844 511.0 4.4 LD 10US$ I seta n 295 17.0 6.1 :50 10US$ 207 15.3 5.1 JTI 2050 DBePW*****2 92 14.0 17. ISMSCI India 100 297 13.8 3.1 lardine C&C 966 8.0 0.: MS India 10US$ 671 7.7 0.: :alconEne 28 6.5 30., ilandRBeCW/***** 31.5 6.0 23.
      103 words
    • Article
      Lock icon FALLS
      115 6 CLOSE DOWN ICBC Bk4.5%NCPS 100 8200-300.0 -3.5 IMH 1754-146.9 -5.2 UOB 1126 -44.0 -3.8 >sia Pac Brew 980 -40.0 -3.9 DBS Bk6% NCPS 10 9330 -40.0 -0.4 DBS Gr| 927 -33.0 -3.4 ISH 940 -30.6 -2.1 At 530 -30.0 -5.4 ICBCCai 5.1%NCPS 100 8470 -30.0 -0.4 Venture Cor| 395
      115 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      84 6 Nov 24 CHNG CLOSE FRNOV21 YR2008 S$ LOW S$ HIGH USS 1.5322 -0.03 1.5346 1.3457 Euro 1.9338 -0.20 2.2064 1.8640 Pounds 2.2862 0.34 2.8431 2.2111 AS 0.9641 -0.43 1.3251 0.9068 Yen* 1.6064 0.04 1.6645 1.2619 Rupiah* 0.***** 0.38 0.***** 0.***** Baht* 4.3430 0.14 4.4299 4.0190 Peso*
      84 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      97 6 The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for both significant gains as well as losses. Before investing you should carefully
      97 words
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  • Page 7 Advertisements
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      355 7 _mj- j_Y\_ 1 T J*kLL A*-*. mm •■■l '\W A V* a'^ a kKo^^tßl^^^^kSß /"'I I "M VCo «L V/Jw Home Team National Service Awards Presentation Ceremony 2008 lyiiipfjsfl fig (Spgtp) Guest of Honour Guest of honour Guest of Honour Guest of Honour FOR L/\C^rPD I JCJB TER FORl^ J^NDI
      355 words
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  • Page 8 Advertisements
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      826 8 A special feature brought to you by If! iaari or a i "M* T ROQt OT Awell-■-JwOl B rounded education M V Mm L m/^ THE seasoned managers, who I^^F W W M m^mtrm^^BW makeup the SIM-ÜBEMBA student body, may start the course with skills in one area Graduates of
      826 words
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  • Page 9 Advertisements
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      161 9 urich HelpP^int Your savings plan doesn't have to move just because you do. Zurich Help Point™ is here when you need more than just insurance. It's here with VISTA, a policy that makes long-term, stable investing simpler and more beneficial even if your work moves you around the world. No
      161 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon October inflation eases on lower petrol prices
      392 10  -  > UMA SHANKARI But at 6.4%, it's still higher than expected due to a 21% hike in electricity prices By INFLATION eased in October as petrol prices fell, data released yesterday by the Department of Statistics shows. But it was still higher than
      FILE PHOTO  -  392 words
    • Article, Illustration
      Lock icon Shopping vouchers as handouts: SRA
      460 10  -  KALPANA RASHIWALA Retailers group says such relief will spur consumer demand By THE Singapore Retailers Association has suggested the government hand out vouchers to people to stimulate consumer demand. "There's a survey that already indicates that most people would prefer to put aside any spare
      460 words
    • Article
      Lock icon Italian animation studio sets up gaming arm here
      371 10  -  TEH SHI NING By LEADING Italian animation production house Rainbow SpA has set up its video gaming arm's headquarters in Singapore. It plans to invest over $25 million in the new division, Rainbow Media, and hire 80 to 100 employees in the
      371 words
    • Article
      Lock icon MAS boosts grants to financial institutions for training
      222 10  -  CONRAD TAN By THE Monetary Authority of Singapore (MAS) will boost staff training grants to financial institutions to encourage them to keep investing in training during the economic downturn. Grants to cover training fees will rise to 70 per cent from 50
      222 words
    • Article
      Lock icon MAS finalising sukuk issuance facility
      269 10  -  EMILYN YAP By THE Monetary Authority of Singapore (MAS) is in the final stages of setting up a sukuk issuance facility to provide financial institutions here with Syariah-compli-ant regulatory assets. "A number of financial institutions have already expressed interest and we expect the first issue
      269 words
    • Article
      Lock icon Raffles Hotel fund-raiser
      162 10 RAFFLES Hotel will host its 17th annual Christmas tree fund-raising auction tonight. Themed "A Glittering Christmas", the event will witness the auction of six ornate Christmas trees and a selection of products and services contributed by major partners. Proceeds of the auction will go to the disadvantaged,
      162 words
    • Article, Illustration
      Lock icon Apec leaders hope to kick-start trade talks
      747 11  -  LEE U-WEN But it is unlikely all 21 nations will form a union or sign an FTA, says PM Lee Reports by in Lima, Peru WHILE Apec leaders have said that the global financial crisis could be over in 18 months, this is
      REUTERS  -  747 words
    • Article
      Lock icon Chall, not Chullo, is the order of the day
      408 11 AT every Apec annual summit, one of the most well-kept secrets is what sort of traditional outfit the leaders will have to don for the official group photograph. With this year's event being held in Lima, much of the water cooler
      408 words
  • Page 10 Advertisements
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      73 10 Suntec City Office Towers MHB The Business Capital of Asia Prestigious Business Address Panoramic city, Fountain of Wealth and sea views Integrated ancillary business facilities Units from 1,000 sq ft to 29,000 sq ft available to meet diverse business needs *i j B K. Owner: REIT Manager: Property Manager: SSUNTEC
      73 words
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  • Page 11 Advertisements
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      635 11 fl *w*a i *JiTM^m\\ LL Why DBS Exchange Traded Funds (ETFs)? Why ABF Singapore Bond Index ETF? Our ETFs are efficient, transparent and flexible our cost- In a volatile stock market, you may wish to consider investing into a effective, low-expense instruments provide you with liquid exposure basket of high-quality
      635 words
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  • SME Inc
    • Article, Illustration
      Lock icon Doing business with a conscience
      1171 12 To ensure that staff adhere to the CEO's values, PropNex conducts 288 days of training every year, reports SHEERE NG HILE businessmen tend to talk profit, growth and outperformance, Mohamed Ismail prefers to share the values of honesty, integrity and ethics. Believing that conscience should
      YEN MENG JIIN  -  1,171 words
    • Article, Illustration
      Lock icon Life in a posh cooking space
      1035 13 Kitchen Culture started out having to educate the market on imported luxury kitchenware and convince developers that it was worth spending on, MD Lim Wee Li tells ELAINE NG ALMOST two decades ago, an offer was made to building materials supplier Kirn Hup Lee
      YEN MENG JIIN  -  1,035 words
    • Article, Illustration
      Lock icon Keeping backbone of S'pore economy strong
      838 14  -  JEYA POH WAN SUPPIAH CHIU WU HONG SMEs will need to effectively manage their strengths and vulnerabilities amid the financial turmoil. Here are some ways they can make their organisation leaner and more agile ByJ and SMEs have traditionally been a hotbed of innovation
      STOCK.XCHNG  -  838 words
    • Article
      Lock icon Fundamentals strong; plenty of opportunities
      472 14 Lim Wee Li Managing director Kitchen Culture This crisis is now one of confidence rather than fundamentals. Sound economies, such as Singapore's, battered down unjustifiably by recent events will emerge stronger when the voice of reasoning returns to the market. We foresee an improvement in
      472 words
    • Article
      Lock icon BT small-cap portfolio
      217 15 COST UNITS BID PRICE NOV17($) VALUE Ausgroup Best World Bonvests 0.300 0.235 0.460 17,000 22,000 13,200 0.195 0.205 0.505 3,315 4,510 6,666 Celestial Nutrifoods 0.700 8,000 0.330 2,640 China Essence 0.955 6,000 0.215 1,290 China Hongxing 0.710 8,000 0.180 1,440 China Sky Courage Marine CSE Global 1.020
      217 words
    • Article
      Lock icon Small cap stocks worst hit
      173 15  -  TEH HOOI LING ByT TRADING volume on the Singapore Exchange has shrunk significantly. Yesterday, only 790 million Singapore dollar denominated shares worth $650 million changed hands. Meanwhile, prices continued to fall in thin volume. Worst hit are the small cap stocks. As a result, our
      173 words
    • Article
      Lock icon Tapping eResources for business
      424 15 IT MATTERS The National Library Board has relevant electronic databases that entrepreneurs can access to help them make decisions HOW do I price my product if I do not know the inflation rate of the country where I'm distributing it to? What is the potential size
      424 words
    • Article
      Lock icon Extensive offerings
      174 15 Types of information available on the eßesources website (including SWOT and Value Chain Analysis) Business Monitor International* Market Line Business Information Centre* Euromonitor Global Market Information Database* Jupiter Research* Mintel Oxygen* Economist Intelligence Unitt Euromonitor Global Market Information* Global Insight World Market Resource Centre Market Line Business Information
      174 words
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      63 12 Critics give us five stars. Our competitors give us just the one* 'Bloomberg is the primary source of financial news. When it comes to business and financial information, get it pure. Bloomberg Television is available on Star Hub TV Channel 25. To subscribe, call 1630 or visit www.starhub.com/tv. For business
      63 words
  • Page 12 Miscellaneous
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  • Page 13 Advertisements
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      903 13 SPRING mmmmmmmmmmmmmm y mmum A mmm^ Brought to you by S n g a p ore Enabling Enterprise Service from the heart Metro embarks on its second phase of the Customer-Centric Initiative (CCI) and focuses on serving from the heart customers will come to equate Metro with a store they
      903 words
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  • Page 14 Advertisements
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      1262 14 V^L k^XTT/nr r> Toll free: 1800-289-8822 V IVII 1 L V Email: notices@sph.com.sg JL^I V*>/ JL I V.y 1 www.cats.com.sg —k THE STRAITS TRADING COMPANY LIMITED Company Registration No *****0008 D (A member of The Tecity Group) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General
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      115 14 I LOCK+STORE] 6243 0600 I 7" "i»- SAVE TAX Our qualified professionals tm/M-I A can assist you with offshore structures, shelf companies ™w^^~"^ I and incorporations in ALL jurisdictions including: British Virgin Islands h^L Cayman Islands I Bahamas J^B Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate
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      14 14 V .1 CATS Recruit The first door to your world of opportunities I o
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      173 15 Call 6-531 7681 now for the Payroll Specialist PAYDAY! Payroll Serve time to relax www.PayrollServe.com.sg m Improving lives through ;^S*fc*- H^PIM d?#^ i advanced technologies. i^ idtti^ fchtetnSfcc* jfclz*^** Hitachi Advanced Open MRI MBfeftSk^? Qujcki re|jgb|e and cost effectjve /j 7 Hitachi's goal is to empower society in every aspect
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  • ECONOMY WATCH
    • Article
      Lock icon Grim outlook for Asia next year, IMF warns
      679 16  -  ANTHONY ROWLEY Policymakers urged to use all fiscal, monetary weapons to maintain financial stability and support growth By in Tokyo ASIA'S economic outlook for the coming year or more is grim and policymakers will need to "react decisively to maintain financial stability
      679 words
    • Article, Illustration
      Lock icon Summers to assume less public role
      557 16 LATWP Blunt economist has a penchant for controversy [WASHINGTON] Lawrence Summers, tapped as the director of the National Economic Council in the incoming Obama administration, has long regretted that his tenure as Treasury secretary was cut short by Al Gore's defeat in 2000 less
      LATWP; AFP  -  557 words
    • Article, Illustration
      Lock icon UAE to bail out Dubai's lenders, cut state spending
      539 16 Reuters [DUBAI] The United Arab Emirates began to bail out Dubai's rattled lenders, consolidate its financial sector and cap a building spree yesterday as the former boomtown began cutting state spending in the face of the global crisis. In a major
      – Reuters; I REUTERS  -  539 words
    • Article
      Lock icon Fed prepared to lend US$7.4t to thaw frozen company credit
      634 16 Bloomberg [WASHINGTON] The United States government is prepared to lend more than US$7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets
      – Bloomberg  -  634 words
    • Article, Illustration
      Lock icon Bernanke admits erring in gauging mortgage fallout
      351 16 -AP [WASHINGTON] Federal Reserve chairman Ben Bernanke acknowledges he was wrong in believing that there would be limited fallout to financial markets from risky mortgages that soured after the housing market's collapse. "I and others were mistaken early on in saying that the
      -AP  -  351 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bank Negara cuts interest rates
      560 17 Bloomberg, Reuters Overnight policy rate cut by a quarter of a percentage point to 3.25% [KUALA LUMPUR] Malaysia's central bank cut interest rates for the first time since 2003 and lowered the amount that lenders need to set aside as reserves to help shield the
      Bloomberg, Reuters; BLOOMBERG  -  560 words
    • Article
      Lock icon Penang hopes reforms will attract investment
      331 17 Reuters [PENANG] Malaysia's manufacturing state of Penang believes it can introduce controversial economic reforms and win investment despite a global economic slowdown and the challenge of being an opposition-run state. The opposition alliance's triumph in Penang, the third-largest state in terms of economic output
      Reuters  -  331 words
    • Article
      Lock icon Malaysia faces tough road ahead, says Najib
      308 17 -AFP [LIMA, Peru] Malaysia's future prime minister Najib Razak vowed to sharpen the country's competitive edge and regain the ruling party's two-thirds majority in Parliament when he takes the helm, even as financial turmoil takes a toll on the resource-rich nation. The country
      -AFP  -  308 words
    • Article
      Lock icon Planters urge govt to help stabilise palm oil prices
      511 17  -  PAULINE NG By in Kuala Lumpur MALAYSIA'S top plantation companies have suggested government incentives for industries to switch to palm bio-diesel as well as burning the oil as feedstock to generate power as part of initiatives to stabilise prices. The proposals
      511 words
    • Article
      Lock icon Indonesia gives Bank Century 1t rupiah boost
      320 17 Bloomberg Funds helped bank to resume ops yesterday [JAKARTA] Indonesia will spend one trillion rupiah (551.28 billion) to boost liquidity at PT Bank Century after seizing the financial services company last Friday. The funds from Indonesia's deposit guarantee agency allowed Century to resume
      Bloomberg  -  320 words
    • Article
      Lock icon Public Bank is Asia's priciest banking stock
      483 17  -  S JAYASANKARAN By in Kuala Lumpur IN a period of grim economic news, Malaysia's third largest lender in asset terms is coming out smelling like roses. According to Citibank's research unit in Kuala Lumpur, Public Bank is currently Asia's most expensive banking stock
      483 words
    • Article
      Indonesia to cut bond sales by a third
      520 17 Bloomberq Australia, World Bank to help country fund budget gap [JAKARTA] Indonesia will cut rupiah bond auctions by a third and borrow from the World Bank and Australia to fund its 2009 budget gap as the global crisis damps investor appetite, said
      Bloomberq  -  520 words
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  • GREATER CHINA/INDIA
    • Article
      India needs to spread benefits of its reform
      677 18  -  VIKRAM KHANNA This requires managing flow of people from rural to urban areas By [SINGAPORE] While India has benefited from globalisation and is forging ahead in many areas, it faces a number of economic and political challenges, Finance Minister Tharman Shanmugaratnam said
      677 words
    • Article, Illustration
      GOME chairman faces corruption allegations
      338 18 Reuters, AFP [BEIJING] Shares of China's top electronics retailer, GOME Electrical Appliance Holdings, were suspended yesterday, and the company said it was trying to verify reports that its chairman, ranked as China's richest man, had been detained as part of a probe into share price
      Reuters, AFP  -  338 words
    • Article, Illustration
      China Life eyes AlG's Asian assets
      279 18 Reuters, AP [SHANGHAI] China Life Insurance Co the world's biggest life insurer by market value, is interested in buying Asian assets of American International Group (AIG), a China Life senior manager briefed on the situation said yesterday. "We want to buy parts of AlG's
      – Reuters, AP; BLOOMBERG  -  279 words
    • Article
      Fund managers optimistic about India
      778 18 Bloomberg, Reuters [MUMBAI] Mark Mobius is leading a return of fund managers to India as the nation's biggest banks say demand for cars and homes will help them ride out a global recession. "Domestic industries can build high profits and growth," Mark Mobius, 72, who
      Bloomberg, Reuters  -  778 words
    • Article
      Fund managers eye China's ailing real estate market
      473 18 Reuters They estimate H2 2009 as likely time to start investing in China [HONG KONG] Property investors are pencilling "second-half, 2009" in their diaries as the likely time to start pouring money into China again as they search for bargains in its
      – Reuters  -  473 words
    • Article
      Tight credit takes toll on property market
      248 18 Reuters +[MUMBAI] The giant cranes that once worked long into the Mumbai night are still, the roar of concrete mixers has dulled, and hundreds of migrant workers have gone home. A slowing economy, high interest rates, tighter credit and a falling stock market
      Reuters  -  248 words
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      31 19 w > r > (1\ W s alo^Q a tds ™te ■^ou 15 VH PHBfl HV Jointly organised by: pffyMLßjS%|pß LJ mimn Fl-IF Rl KIMPQQ TIMFQ I rIL DUjINLjJ I lIVICJ MTWHWr s^^^^R=
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  • THE INSIDE STORY
    • Article, Illustration
      Sleepless Citi
      1417 20 -NYT Poor oversight, risk-management practices brought down what was once the largest and mightiest US financial institution IN SEPTEMBER last year, with Wall Street confronting a crisis caused by too many souring mortgages, Citigroup executives gathered in a wood-panelled library to assess their own well-being. There, Citigroup chief
      -NYT; Bloomberg; REUTERS; Citigroup, AP Graphics  -  1,417 words
    • Article, Illustration
      The saviour who couldn't save the bank
      846 20 Reuters MAN IN THE NEWS Pandit failed to go into crisis mode early enough to help troubled giant: critics [NEW YORK] When Vikram Pandit took the helm at Citigroup Inc last December, critics worried about his lack of consumer banking experience, that he
      – Reuters; BLOOMBERG  -  846 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Exposure to Detroit 3 – the guessing game
      835 21 Exposure to Detroit 3 the guessing game -NYT The real risks are difficult to ascertain because banks have not disclosed much [NEW YORK] The floundering Detroit carmakers owe more than US$lOO billion to their bankers and bondholders, and Wall Street is starting to wonder how much of that will be
      -NYT; AP  -  835 words
    • Article, Illustration
      Barclays chairman says investors back £7b fundraising plan
      594 21 -Reuters, Bloomberg [LONDON] Barclays investors have voted in favour of the British bank's controversial £7 billion (5515.91 billion) fundraising, its chairman, Marcus Agius, said yesterday. Addressing a shareholder meeting called to vote on the plan, Mr Agius said a count of proxy
      -Reuters, Bloomberg  -  594 words
    • Article
      Thousands of Thai protesters prevent key Parliament session
      536 21 Reuters PAD to lay siege to govt offices, bourse and homes of leaders [BANGKOK] Thailand's Parliament postponed an important legislative session yesterday after thousands of protesters besieged the compound in their latest bid to unseat the elected administration. Hundreds of riot police
      – Reuters  -  536 words
    • Article
      Deutsche Bank unveils new business strategy
      478 21 Bloomberg Move comes after the company's stock falls to 16-year low [FRANKFURT] Deutsche Bank will scale back unprofitable businesses, bolster capital and cut debt following a plunge in its stock, Josef Ackermann, chief executive officer of Germany's largest bank, said. "We have agreed a
      Bloomberg; – Bloomberg  -  478 words
    • Article
      Existing home sales in Oct fall 3.1% to 4.98m
      335 21 LATEST US DATA [WASHINGTON] Home resales in the US dropped in October and prices fell by the most on record, signalling a deepening housing recession going into 2009. Purchases of existing homes declined 3.1 per cent last month to an annual
      335 words
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  • EDITORIAL & OPINION
    • Article
      Facing the slump in business class travel
      493 22 AS if things were not bad enough, premium passenger traffic that used to boost the bottom lines of top airlines, including Singapore Airlines, has begun to plummet as business travellers turn to teleconferencing and economy class travel. The International Air Transport Association (lata)
      493 words
    • Article, Illustration
      Oil and gas – look beyond the short-term pessimism
      1072 22 Oil and gas look beyond the short-term pessimism There're reasons to believe supply and demand positions will remain tight in the long run By SANJEEV GUPTA I HE continued turmoil in the global financial markets has taken its toll on businesses and a fast-contracting world economy. Even the oil and
      AP  -  1,072 words
    • Article, Illustration
      Respite for the market when hedge fund sell-offs slow
      791 22  -  NEIL BEHRMANN THE BOTTOM LINE HOPE usually springs eternal on global markets, but those hopes have swiftly turned to despair as distressed selling persisted in the past few months. At last, however, there are signs that the dumping of stocks appears
      791 words
    • Article, Illustration
      US economy waits for its saviours
      1700 23  -  LEON HADAR The transition provides an opportunity to highlight the ideological differences between Reaganomics and Obamanomics FOR those of us who had got used to former Pentagon chief Donald Rumsfeld saying over and over again that "We seemed to have turned a corner in
      AP  -  1,700 words
    • Article, Illustration
      No time to fiddle
      622 23  -  HUGO DIXON By J GOVERNMENTS must act: Emperor Nero fiddled while Rome burned. The world's governments today must not repeat the error. With confidence shot to bits and the crisis moving into another vicious phase, urgent action is needed on banks and fiscal policy. Otherwise, there
      REUTERS  -  622 words
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      46 23 O x, hoi r. "3 FIND THE ONES H H" hTUTHATFIT! h(Z Recruit the right people j A through CATS Recruit. L j 3 C Call 1800 289 8822 or email 1 recruit@sph.com.sg r*^ \jr^ .^^J to advertise. -4-7 n BSARa U> r V^-V RECRUIT j
      46 words
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  • SHIPPING/AVIATION
    • Article
      Ship owners urged to help keep Malacca Straits safe
      487 24 ■AFP Contributions to fund maintaining navigation aids in waterway sought [KUALA LUMPUR] Ship owners were urged yesterday to contribute to a fund for ensuring safety in the strategic Malacca Straits, and warned that an accident could cripple international trade. The Nippon
      ■AFP  -  487 words
    • Article, Illustration
      AirAsia X plans to raise sales to US$1b
      356 24 -AFP [KUALA LUMPUR] Malaysian long-haul budget carrier Air Asia X hopes to expand sales tenfold to US$l billion by the end of 2010 despite the global slowdown, a report said yesterday. Chief executive Azran Osman Rani told the New Straits Times that
      -AFP; BLOOMBERG  -  356 words
    • Article
      Jetstar offers discounted fares
      209 24 Bernama [MELBOURNE] Jetstar is offering discounted flights until the end of the year after Tiger Airways began a price war last week. Each Friday, until the end of December, Jetstar will hold a four-hour Friday Fare Frenzy online offer, with discounted fares on selected domestic and
      ■ Bernama  -  209 words
    • TRANSPORT STOCKS
      • Article
        SGX
        103 24 '000 lov CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.26 0.20 0.68 0.32 0.55 0.43 0.04
        103 words
      • Article
        KLSE
        36 24 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.58 8.25 8.30 2.14 2.42 0.07 0.09 unch unch 0.05 -0.05 unch -0.01 unch 15 228 388 417 20 242 115
        36 words
      • Article
        BANGKOK
        12 24 '00 ■recious Ship Jegional Cont 9.90 5.35 -0.30 -0.30 2884 642
        12 words
      • Article
        HONGKONG
        6 24 '000 toil .11.64 -0.32 49(
        6 words
      • Article
        PHILIPPINES
        22 24 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.30 14.75 unch unch unch 0.50 unch unch 6( t i i
        22 words
      • Article
        TAIPEI
        23 24 Evergreen Marine ...16.10 :irst Steamship 30.45 Wan Hai Lines 13.70 fang Ming Marine ..10.85 unch 1.95 unch 0.20 17 8 2 19
        23 words
      • Article
        TOKYO
        37 24 '000 :awasaki Hvy Ind...183.00 14.00 2516! :awasaki Kisen 338.00 21.00 723! /litsubishi Hvy 350.00 20.00 ***** /litsui Eng&Sbldg ..121.00 7.00 978! /litsui Osk Lines ....437.00 9.00 270* lippon Express 391.00 5.00 37& lipponYusen 446.00 20.00 9961
        37 words
    • Article
      Global slowdown seen hitting M'sian airports next year
      377 24 Bernama [KUALA LUMPUR] While Malaysian airports recorded a 4 per cent increase in passenger handling this year, they continue to be pessimistic about next year in view of the global economic downturn. Transport Minister Ong Tee Keat, in acknowledging this, said the
      – Bernama  -  377 words
    • Article
      3 major US airports open new runways
      280 24 AP [CHICAGO] Planes began taking off from new multi-million-dollar runways at three US airports on Thursday with aviation officials heralding the increased capacity as crucial to reducing delays, even in the face of a slumping economy and a projected decline in domestic flights
      AP  -  280 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      2577 24 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:
      2,577 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      352 24 CRYPTIC CROSSWORD I Fed up with dairy product ill then act very loudly (7,3) I j j I 6 See the advert on how to ins- —BB BB Bfl BB BB BB BB 10 Reads about challenges (5) Bfl II Regatta Cathy arranged to M__BB__HB__BB_^M_BH_^ML_ 12 Greek hero lacking capital,
      352 words
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  • SINGAPORE STOCKS
    • Article
      SGX MAINBOARD
      8665 25 Transaction date: Nov 24 52-wks Tel |h Low Code Last Sale Vol COOP) Hi| Day Last Quote Div Gr Yld Net |h Low Buyer Seller C'vr P/E M Cap Hi! Com| >an] 12 3 3148 8Telecom 18 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12
      8,665 words
    • Article
      SGX CATALIST
      1822 26 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
      1,822 words
    • Article
      SGX XTRANET
      72 26 52-Wk Tel High Low Code Last Sale Vol COOP] Day Last Quote Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hii ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 385 158 6009
      72 words
    • Article
      CLOB INTERNATIONAL
      71 26 52-Wk Tel High Low Code Last Sale Vol COOP] Day Last Quote Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Col Hii 112 42 6000 AVJennings... 20.5 4 6134 Over&Gen 34 6 6017 StarCruises.... 283 115 6019 TanChonglnt ...A48 ...A8 US6 .HK125 unch -0.5 100 2287
      71 words
    • Article
      UNIT TRUSTS & FUNDS
      8891 26 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.343/ AIGIF Spore Bond Fund/^- 1.256/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.54/ APS Alpha Fund (USD)!** 0.35/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.602/ APS Komaba Global
      8,891 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      50 25 ROYAL OAK COLLECTION J^^^jf^'f^^ WHERE EXTREMES MEET ißllP^ii^ Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED ■^???^^fer k^!^^^ l .Z^: L/ S.nT' £>j£ '^^^W -■■il'^'^' 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 ■ifedr^-^^fe^'"^^^rT^ ''Hp-' lCu^,;'";: 'tj^J >™ Internet: Http://www.audemarspiguet.com j*J^- »^^^!""~*> "^V" i
      50 words
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  • FINANCE & COMMODITES
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 27 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov21 World Index Preliminary 586.7 0.1 -48.2 0.2 -48.2 0.1 -51.. t EAFE Preliminai 583.5 -0.7 -47.9 -0.6 -50.7 -0.7 -53.7 Euro[ Prelim inan 806.0 -2.4 -47.8 -2.5 -54.4 -2.6 -57.1 Pacific
      363 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      130 27 As at 9am Nov24 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9540 0.9950 .an dollar 1.1950 1.2100 Euro 1.9180 1.9400 NZ dollar 0.8090 0.8270 iterlini ind 2.2600 2.2861 US dollar 1.5200 1.5370 Local dollars to 100 units of foreign currency:
      130 words
    • Article
      INTERBANK RATES
      171 27 Nov24 *L Offer Bii Overnight 1-month 2-months 3-months Overnight mode: 5/8 ys$ 9/16 3/4 13/16 7/8 Offer 7/16 1/2 9/16 5/8 Bid 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 1.30 1.80 2.70 2.80 3.20 3.40 3.50 Offer 0.80 1.30 2.20 2.30
      171 words
    • Article
      STOCK INDEX FUTURES
      25 27 Nnw ?A ten Hii Sett STI IIMSCI Nov 205.0 205.3 198.1 "aiwan Nov 157.7 158.0 153.0 Source: MF Global (S) He. Ltd
      25 words
    • Article
      US$/S$ FORWARD RATES
      24 27 Nnw ?A SS Bid Offer 1-month 1.5290 1.5307 2 months 1.5267 1.5284 3 months 1.5246 1.5264 6-months 1.5184 1.5206 Source: OCBC
      24 words
    • Article
      PALM OIL
      65 27 Nov24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Dec 08 1390 Jan 09 1488 Feb 09 1462 Mar 09 1460 Total o/p: ***** contracts 1467 1485 1390 231 4335 1486 1501 1461 2055 ***** 1488 1503 1452
      65 words
    • Article
      SGX DERIVATIVES TRADING
      284 27 Nov24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 97.9350 98.0450 98.0050 97.9050 6639 9666 5168 3506 EUROYEN TIBOR FUTURES DecO8 MarO9 99.195 99.205 JunO9 SepO9 DecO9 Mar10 Jun10 Sep10 99.195 99.120 99.205 99.285 99.255 99.255 99.145 99.085 99.060 351 11 30 351
      284 words
    • Article
      SICOM FUTURES
      196 27 Nov24 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Dec 08 139.0 Jan 09 145.0 Feb 09 145.0 Mar 09 145.0 Apr 09 145.8 May 09 145.8 139.0 144.0 144.0 145.0 145.5 145.5 139.0 143.0 143.0 144.5 145.8 145.8
      196 words
    • Article
      GOVERNMENT SECURITIES
      88 27 Nov24 Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****E 26.02.09 1-Year BY*****V 02.11.09 0.61 0.72 0.50 0.50 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X
      88 words
    • Article
      CHICAGO BOT
      102 27 Nov2l (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 840.00 856.00 862.50 838.00 Mar 09 847.25 862.75 870.00 846.00 May 09 855.75 871.50 876.00 854.50 Jul 09 863.75 879.00 886.00 863.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 30.70 30.63 30.92 30.79 Ian
      102 words
    • Article
      CRUDE OIL & PRODUCTS
      76 27 CRUDE OIL PRODUCTS Nov2l CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 47.96 -0.87 WTI (Near Mth) 49.31 0.54 Dubai (1-Mth F) 44.69 -1.32 Tapis blend 51.80 -0.65 Minas 51.20 -1.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 25.77 69.10 -2.00 -1.70 US$/barrel Opec Oil Basket
      76 words
    • Article
      INTERBANK CROSS RATES
      462 27 Nov24 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.795 4.280 0.497 4.858 31.442 77.861 0.596 9.472 2.275 1.181 49.499 31.226 0.959 6.595 0.765 20.944 22.118 0.420 0.627 Canada 1.258 5.384 0.626 6.111 39.556
      462 words
    • Article
      SIBOR
      75 27 Nov24 6mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 2.***** Source: Thomson Reuters (US$) (SS) 1.***** 0.***** 1 mth 2 mths 2.***** 0.***** 3 mths 2.***** 0.*****
      75 words
    • Article
      INTERBANK CURRENCY RATES
      156 27 Nov24 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9585 0.9599 0.6265 0.6268 Canadian dollar 1.2060 1.2075 0.7882 0.7885 Euro 1.9283 1.9302 1.2603 1.2604 NZ dollar 0.8114 0.8136 0.5303 0.5313 Sterling md 2.2835 2.2862 1.4925 1.4929 US
      156 words
    • Article
      PRECIOUS METALS
      135 27 Nov24 GOLD (USS/oz) Nov24 Nov21 Hong Kong London 793.40 758.90 794.40 759.90 Nov21 Nov20 780.70 748.30 782.70 750.30 Source: Thomson Reuters CAST BAR (S$) Nov24 Buying Sellini Kilobar "41,287.02" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS Kinebar™
      135 words
    • Article
      LONDON METALS
      61 27 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1702.00 months 1750.00 1736.20 1785.00 Copper, Grade A (US$/tonne) :ash months 3506.00 3540.00 3438.00 3480.00 .ead (US$/tonne) :ash months 1177.00 1182.00 1168.50 1185.00 lickel (US$/tonne) :ash months 9881.00 *****.00 9825.00 9950.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc, Special
      61 words
    • Article
      LIFFE
      70 27 «o 1/2; COCOA (Btonne) Close Prev Hii ih/Low Dec 08 1510 1470 1522/1464 Mar 09 1418 1402 1433/1395 May 09 1404 1397 1420/1390 JulO9 1401 1400 1412/1394 COFFEE (US$/tonne) Close Pev High/Low Nov08 1768 1774 1761/1758 Jan 09 1813 1819 1832/1800 SUGAR (US tonne) White Close Prev High/Low Mar
      70 words
    • Article
      BONDS & WARRANTS
      2899 27 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left >058AdvanceModulesGrpW*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 6.5 1481 Asia Water Tech W*****0 18.5 5816 #Asiasons Capital Ltd W*****7 4 !756# Asiatic Grp(H) Ltd W*****2 9.5 !105#AsiatravelW*****7 3.5 >878Aztech
      2,899 words
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  • PROPERTY
    • Article
      Emaar open to merger with Nakheel
      205 30 Bloomberg [DUBAI] Emaar Properties PJSC, the Middle East's largest property developer, would welcome a merger with Nakheel PJSC, the company that's building palm tree-shaped islands off Dubai's coast, if the chance arose. Smaller developers in Dubai may also have to consolidate, Mohammed Ali Alabbar,
      – Bloomberg  -  205 words
    • Article, Illustration
      Australian private property fund aborts Singapore acquisitions
      469 30  -  KALPANA RASHIWALA Blaxland strikes out despite downsizing from $300 m planned portfolio By [SINGAPORE] AN Australian private property fund manager that had been expected to buy some $200 million of Singapore industrial properties including eSys Technologies building in Changi North has decided not
      YEN MENG JIIN  -  469 words
    • Article
      Cognita wins site to set up school
      256 30  -  NOOR AISHA Group runs more than 45 schools in UK and Spain By [SINGAPORE] International education group Cognita has been awarded a state site at the former Upper Serangoon Secondary School, to set up an international school. This is the first time that
      256 words
    • Article, Illustration
      British business spaces at record low values
      526 31  -  JANE MOIR Retail premises among the hardest hit as businesses struggle to pay rents By. in London COMMERCIAL property in Britain has hit its lowest point in more than 20 years as capital values slump and the economic downturn puts pressure on business
      BLOOMBERG  -  526 words
    • Article
      Fund manager sees value in Sino Land, China Overseas Land
      457 31 Reuters [HONG KONG] Hong Kong's Sino Land and the mainland's China Overseas Land Investment Ltd are among the property stocks offering the best value in Asia, fund manager Henderson Global Investors says. Chris Reilly, director of property for Asia, said
      Reuters  -  457 words
    • Article
      Asian property markets on investors' radar
      553 31 Reuters Top picks are Japan, Australia, China, HK and Singapore IHONG KONG] Asia's battered property markets are starting to attract strong interest from investors, with Japan, Australia, China, Hong Kong and Singapore among their top picks in the region. Property fund manager LaSalle Investment
      Reuters  -  553 words
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      225 32 I Prestigio FREEHOLD I at Innovation Place Business Space For Sale PRESTIGIO At Innovation Place is a premium freehold strata 'deal unit size from 1,432 sq ft onwards making it affordable development with a complete business environment. Focused for smaller business setups on providing functional and efficient working space, the
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