The Business Times, 25 September 2007

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Microfilm: NL27803
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg «v a Singapore press holdings publication mica (p) 202/12/2006 Tuesday, September 25,2007
    22 words
  • Article, Illustration
    Lock icon HK pips S'pore in corporate governance
    572 1  -  MICHELLE QUAH Scorecard How the Asian markets rank in corporate governance Report also notes 'palpable lessening of pressure for reform' in Asia pace of policymaking has slowed. He noted that Hong Kong was well ahead of Singapore in terms of shareholder rights and the
    572 words
  • Article, Illustration
    Lock icon DBS starts global CEO hunt as Jackson Tai resigns
    943 1  -  SIOW LI SEN Chairman Koh Boon Hwee to take on an active management role in the meantime [SINGAPORE] Jackson Tai has resigned as vice-chair-man and chief executive of DBS Group Holdings, but will stay on until his successor is found. DBS
    YEN MENG JIIN  -  943 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      51 1 SPORE ECONOMY PROPERTY rg| HORIZON TOWERS SME SPOTLIGHT f~>Jf Inflation at 2.9%, Developers slowly stepping Sellers officially Viz Branz to fatten highest since 1994 up home launches extend deadline the top line ~^j^ V* ?s PAGE 8 PAGE 32 MMh s^£v^ PAGE 3 PAGE 11 ME )fI B ij^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^ ml
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Cathay Pacific pulls out of race for SlA's China play
        67 2 A TRADING suspension by Cathay Pacific "pending an announcement" sparked expectation that it was ready to launch a bidding battle with Singapore Airlines for a stake in China Eastern Airlines. Only late in the evening did Cathay clarify that it
        67 words
      • Article
        Lock icon SPC expects to quadruple oil/gas output by 2009
        49 2 WITH first oil starting to flow from its second Indonesian producing oilfield last weekend, Singapore Petroleum Company is set to quadruple its oil/gas production to 11,000 barrels per day by 2009, CEO Koh Ban Heng told BT. COMPANY NEWS, PAGE 5
        49 words
      • Article
        Lock icon Cosco wins orders for bulk carriers worth USs724m
        59 2 COSCO Corporation (Singapore) said yesterday that its 51 per cent-owned Cosco Shipyard Group has won contracts worth U*****.36 million (about 551.09 billion). The contracts, from German, Taiwanese and Greek shipowners, are to build 16 bulk carriers that range in price from US$3B.5
        59 words
      • Article
        Lock icon Thailand may allow more foreign stake in banks
        90 2 AS part of its efforts to resolve the local commercial banking sector's problems, the Bank of Thailand has said that it may allow certain financial institutions to exceed the 25 per cent shareholding limits imposed on foreign ownership. The move comes as
        90 words
      • Article
        Lock icon August inflation rate hits 2.9%, highest since 1994
        91 2 SINGAPORE'S inflation rate continued its upward trend in August, rising to 2.9 per cent, the highest since 1994. It is expected to cross 3 per cent in the months ahead. While the jump in August's consumer price index was attributed to higher
        91 words
      • Article
        Lock icon MMC, Dubai explore maritime hub in South Johor
        67 2 SOUTH Johor could be transformed into a maritime mega-centre in three years should a planned joint venture between MMC Corporation and a unit of the Dubai government materialise. MMC and Dubai World yesterday signed an MOU to explore opportunities to jointly develop
        67 words
      • Article
        Lock icon German fund manager to ramp up Asian portfolio
        41 2 GERMAN fund manager Difa Deutsche Immobilien Fonds (recently renamed Union Investment) is looking to quadruple its property portfolio in Asia over the next four years, its Asia-Pacific head told BT. PROPERTY, PAGE 32
        41 words
    • Article, Illustration
      Lock icon SGX shares soar 17.1% on talk of takeover
      614 2  -  WEE LI-EN But company says it is not aware of any reason for price spike [SINGAPORE] Shares of the Singapore Exchange (SGX) hit an all-time high of $13.80 yesterday, surging by as much as 18 per cent on takeover whispers. The spurt
      FILE PHOTO  -  614 words
    • Article, Illustration
      Lock icon Foreigners snap up 87% more landed homes in first half: DTZ
      771 2  -  KALPANA RASHIWALA Companies make 265 buys in H1 2007 vs one in H1 2006 [SINGAPORE] Foreigners, including permanent residents, bought 232 landed homes here in the first half of this year, up 87 per cent from the same period
      URA Realis, DTZ Research  -  771 words
    • Article, Illustration
      Lock icon Cathay pulls out of race for SlA's China play
      727 3  -  YEN SREENIVASAN But Hong Kong carrier's trading suspension makes for a dramatic day [SINGAPORE] A trading suspension by Cathay Pacific "pending an announcement" sparked expectation that it was ready to launch a bidding battle with Singapore Airlines (SIA) for a stake
      AP  -  727 words
    • Article
      Lock icon HPL: Horizon Towers sellers extend deadline
      463 3  -  MICHELLE QUAH Buyer will now ask for adjournment of legal proceedings [SINGAPORE] Hotel Properties Ltd (HPL) has finally secured a much-needed extension of a deadline to purchase the Horizon Towers development. And the listed developer will now make good on its promise to apply
      463 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        44 3 Monday Change 1,317.24 +11.30 KLCOMP NIKKEI 225 Closed HANG SENG 26,551.94 +708.16 SET INDEX 840.04 +8.53 JAKARTA COMP 2,353.63 +18.14 MANILA COMP 3,434.45 +10.72 SEOUL COMP Closed SHENZHEN B 766.15 -4.53 MUMBAI IND 16,845.83 +281.60 12NOONEDT Change 13,847.42 +27.23 DOW NASDAQ 2,687.07 +15.85
        44 words
      • Article
        Lock icon PRIME RATES
        29 3 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.50 INDONESIA 15.194 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.75 CANADA 6.25 SWITZERLAND 3.84 INDIA 12.75 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        42 3 uss SS US$ (S$ ier US$) 1.500 (USS/SS per 2.027 3.040 EURO(US$/S$/E) 1.412 2.118 YEN 114.90 76.60 RM 3.429 2.287 HK$ 7.778 5.187 BAHT 34.22 22.82 RUPIAH 9,119 6,081 RENMINBI 7.508 5.006 INDIAN RUPEE 39.78 26.52 1.154 0.769 NZ$ 1.344 0.896
        42 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      155 2 people t Corporate V\fOrK matchmakers. www.thepeopleatwork.com Asia-Pacific Executive Search iOTNANYANG r€¥*B TECHNOLOGICAL l\gy UNIVERSITY School of Humanities and Social Sciences __^^^^^^^^^B^M First and only programme of its kind in Singapore and the region Unique multi-cultural and bilingual environment World-class faculty well engaged and connected in China Customised immersion trip to
      155 words
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      33 3 ij^K^H ij^il 1 -aj. \i^il I v n J^IB li' -idkr >^*il^^^pß a—. \'l C^LJx^k, AB i^ f '-ft I .^H Hi a. 'A V l9Bv V M i^^ A" V 1 »»»««*>*y^
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Wall Street-inspired STI surges 2.7%
      533 4  -  CONRAD TAN STOCKS SGX contributes nearly one-third of index's rise; Sing Tel and banks also advance INVESTORS here enjoyed another good day yesterday as shares soared after US stocks ended on Friday with solid gains over the week. The Straits Times Index (STI) rose 96.8
      Bloomberg  -  533 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      103 4 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 12 2 4 0 0 0 12 2 4 Manufacturing 82 51 74 18 14 10 100 65 84 Commerce 40 14 20 46 19 27 Tpt/Stor/Com ms 23 10 24 10 10
      103 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 4 MAIN SDQ TOTAL MAIN SDQ TOTAI lulti Ind 50,935 50,935 161,865 161,865 lanufacturing 441,428 147,388 588,816 439,651 50,331 489,982 Commerce 240,379 9,471 249,850 217,838 2,953 220,79( ■pt/Stor/Comms 105,433 2,172 107,605 309,106 2,165 311,272 :inance 57,812 8 57,820 695,132 695,13' Construction 136,624 41,095 177,719 63,989 6,885 70,87' 'roperties
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      232 4 tod name lose lange Jlgreen 0.51 1.780 +0.050 \scendasreit 0.89 2.600 lapitaComm 0.53 2.750 +0.050 la pita Land 5.03 8.200 +0.200 :apitaMall 0.94 3.780 +0.100 :hart SemiCond 0.54 1.060 +0.020 jtyDev 2.95 16.300 +0.200 lomfortDelGro 1.30 1.960 +0.030 losco Corp 1.64 5.250 +0.150 Creative Tech 0.15
      232 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      381 4  -  CONRAD TAN Suntec Reit Sept 24 close: 551.91 DBS Group Research, Sept 24 Source: WITH the recent proposed acquisition of the one-third stake in One Raffles Quay for *****.5 million from Cheung Kong, Suntec is looking to fund the acquisition by: i) proposed issue of up to Ss4so
      Bloomberg  -  381 words
    • Article, Illustration
      Lock icon US$ revisits Sept 97 low of 551.4990
      513 4  -  LARRY WEE CURRENCIES Fresh 10-year lows S$ per US$ THE US dollar was dragged down to a fresh 10-year low of 551.4990 as it continued to tumble across a broad front yesterday. And by the Asian close, the greenback had chalked up further
      Reuters  -  513 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article, Illustration
      Lock icon UOB SESDAQ INDEX |
      3 4 UOB SESDAQ INDEX
      3 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      48 4 Sep24 VALUE CLOSE 248.00 +461.0 IT OB/OS IT CADI -*****.00 +181.0 IT 10-day MA -*****.00 +25.00 lII-SG Equities 986.76 +19.75 G Equities Elect 125.80 +1.00 >G Equities Fin 2519.26 +90.14 G Equities Prop 1566.04 +32.19 IMSCI 446.49 +11.80 IMSCI Futures 449.20 +12.50 rimePartnersCI 246.65 +3.56
      48 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 4 VOLUME Gen Intl 194,737,000 Fuxinq 116,256,000 Mediaßinq 88,895,000 Baker Tech 60,824,000 FHTK Hldqs 60,271,000 *Star Cruises 42,387,000 Yonqnam 39,459,000 Noble Grp 37,626,000 El-Nets 35,462,000 Lian Benq 34,151,000 VALUE(S) DBS Grp 265,699,219 SGX 219,989,200 Gen Intl 131,531,655 UOB 106,159,200 Sing Tel 101,913,160 Keppel Corp 97,452,220 Capita Land 85,289,450
      59 words
    • Article
      Lock icon RISES
      99 4 CLOSE UP ;gx 1370 200.0 17.1 China H 10US$ 2140 194.8 6. iBS Gri 2090 70.0 3. lardine C&C 1750 50.0 2.9 lUE 1480 50.0 3.5 ;GXRBeCW*****1 134 50.0 59.5 ;GXMBLeCW*****3 138 46.0 50.0 ■e Land 1040 45.0 4. ;GX SGA eCW*****6 134 44.0 48.9 ;GXDBeCW*****3 90.5 43.5 92.6
      99 words
    • Article
      Lock icon FALLS
      102 4 CLOSE DOWN 7250 -74.9 -0.7 LD 10US$ At MBLePW*****9 18 -20.0 -52.' ;TI3600SGAePW*****0 46.5 -19.0 -29.0 ioscoCori ;GAeCW***** 104 -15.0 -12.' izra 600 -15.0 -2.4 ;TI3500SGAePW*****9 50 -14.5 -22.5 :oscoCori iDBeCW/*****1 88.5 -12.5 -12.. ilADBeCW*****8 6.5 -11.5 -63.9 ;TI3500SGAePW*****0 33 -11.0 -25.0 ;TI3400SGAePW*****9 39.5 -10.5 -21.0 BY PERCENTAGE CLOSE
      102 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      83 4 Sep 24 CHNG CLOSE FRSep 21 YR 2007 S$ LOW S$ HIGH ISS 1.5011 0.43 1.5479 1.4990® iuro 2.1173 0.18 2.1254* 1.9913 'ounds 3.0402 -0.08 3.1194 2.9323 1.3033 -0.06 1.3411 1.1741 en* 1.3061 -0.07 1.3821 1.2285 lupiah* 0.***** 0.10 0.***** 0.***** !aht* 4.3866 0.43 4.5700 4.1730
      83 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SPC expected to quadruple gas, oil output by 2009
      474 5  -  RONNIE LIM It will see total output of 11,000 bpd as Oyong's production stabilises WITH first oil starting to flow from its second Indonesian producing oilfield last weekend, Singapore Petroleum Company (SPC) is set to quadruple its oil/gas production to 11,000
      474 words
    • Article
      Lock icon Travelite in deal to buy 70% of Fashion St
      286 5  -  UMA SHANKARI TRAVELITE Holdings has entered into a memorandum of understanding (MOU) to buy a 70 per cent stake in Fashion Street which owns shoe and bag chain URS and is the sole distributor and retailer of luxury travel bag brand
      286 words
    • Article, Illustration
      Lock icon Cosco wins contracts worth USs724m
      288 5  -  NISHA RAMCHANDANI Deals secured by subsidiary to build 16 bulk carriers SHOWING that it is a force to be reckoned with in the shipbuilding arena, Cosco Corporation (Singapore) said yesterday that its 51 per cent-owned Cosco Shipyard Group (CSG) has won contracts worth U*****.36 million
      288 words
    • Article, Illustration
      Lock icon BOT may allow more foreign stake in banks
      817 6 But it has to be on a request and case-by-case basis: central bank chief By OUR CORRESPONDENT in Bangkok AS part of its efforts to resolve the local commercial banking sector's problems, the Bank of Thailand (BOT) has said that it may
      BLOOMBERG  -  817 words
    • Article
      Lock icon Pacific Shipping to buy USs2oom of ships a year
      424 6 [SINGAPORE] Singapore's Pacific Shipping Trust is in advanced negotiations to buy several ships and plans to add US$2OO million worth of ships yearly to its current portfolio of eight container vessels, its CEO told Reuters yesterday. Pacific Shipping, which has a
      424 words
    • Article
      Lock icon Strong upside for Tuan Sing shares?
      698 6  -  YEN SREENIVASAN TUAN Sing must surely rank as one of the most under-ap-preciated property plays on the Singapore bourse. The shares of this main-board-listed company has given up a third of its value in the last two months, no thanks to the sub-prime-induced market
      698 words
    • Article
      Lock icon China Hongcheng Q4 net up 87%
      453 7  -  CHEN HUIFEN Moving up value chain by making higher-profit-margin products pays off TEXTILE manufacturer China Hongcheng Holdings has reported an 87.1 per cent jump in its fourth-quar-ter net profit to 24 million yuan (Ss4.B million), as revenue rose 23.2 per cent to 133.5 million
      453 words
    • Article
      Lock icon Pacific Healthcare divests stake
      206 7 PACIFIC Healthcare Holdings Ltd is divesting its stake in a Hyderabad project and said it will use the proceeds to fund other investments in India. The Singapore healthcare group said yesterday it will sell its 70 per cent stake in Pacific Healthcare Pte Ltd (PHPL) held
      206 words
    • COMPANY BRIEFS
      • Article
        Lock icon AusGroup wins As6m contract
        54 7 ENERGY and resources specialist AusGroup said it has won a contract worth more than As 6 million to fabricate an iron ore car dumper to be used by resources company BHP Billiton for a project in Western Australia. Contract operations have begun and are estimated to
        54 words
      • Article
        Lock icon Lee Metal to set up joint venture in UAE
        110 7 LEE Metal Group said its wholly owned subsidiary Lee Welded Mesh Singapore Pte Ltd (LWM) has signed an agreement with several parties to set up a joint venture in Abu Dhabi. The JV, to be named Readyfix Middle East Limited Liability
        110 words
      • Article
        Lock icon SIAEC stops JV talks with Wadia Group
        78 7 SIA Engineering Company (SIAEC) yesterday announced it has terminated further discussions on a proposed joint venture with India's Wadia Group. This is because both parties could not reach agreement on a few major issues, which were critical to the viability of the proposed
        78 words
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      Lock icon Page 5 Advertisements Column 1
      213 5 S2TI PENH- CAM*om\ fk ft "M-nutes From International AirporT f ep^ipped h 9 00 sewing m e A,, coded factor Mding SBn sets, compressors, Wers cad L! h SUt>SaarV^"'ments Wsrs, dsy care centre, ro water treat'"?' 7^ °anteen- <** Prime Riverfront Location Prime Investment i i^ri EHH" ll fc >>
      213 words
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      463 6 s^ 1^ >{ 'f C< 1 Distributors: Issuer: <T-u i I SOCIETE ■JABN-AMRO CltlDank DMG&Partners^ CENERALE SGA Societe Generale Acceptance N.V. Tel: 1800 226 2676 Tel: 6333 9000 Tel: 6533 1818 v KIM ENG oocßCSecurities UOBKayHian Tel: 6336 9090 Tel: 6538 4775 Tel: 6536 9338 Important Information: A printed copy
      463 words
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      Lock icon Page 7 Advertisements Column 1
      450 7 CHANGE OF COMPANY'S NAME Dear Valued Business Partners We wish to thank you for your past support. With effect from 25th September 2007 RYODEN (SINGAPORE) PTE. LTD. has changed its name to MITSUBISHI ELEVATOR (SINGAPORE) PTE. LTD. (Company registration no. is *****0849E) Our address, telephone and fax remain unchanged. The
      450 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon August CPI up 2.9%, highest since 1994
      465 8  -  ANNA TEO Economists expect it to hit 3%, but say official 1-2% figure for year is intact THE inflation rate continued its upward trend in August, rising to 2.9 per cent, the highest since 1994. It is expected to cross 3 per cent
      REUTERS  -  465 words
    • Article
      Lock icon IDA gives new UWB wireless technology the green light
      546 8  -  WINSTON CHAI UNSIGHTLY cables for connecting gadgets could soon be a thing of the past as the Infocomm Development Authority (IDA) will open the doors for companies to bring in products that support speedy wireless data transfer using a technology called
      546 words
    • Article, Illustration
      Lock icon ITE wins global IBM Innovations Award
      262 8  -  NISHA RAMCHANDANI SINGAPORE'S Institute of Technical Education (ITE) was pronounced winner of the global IBM Innovations Award in Transforming Government, beating contenders from Canada, the US and Georgia. The ITE was selected as one of eight winners by IBM and the Ash Institute for
      262 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Bio-Scaffold signs MOU with Indian uni
        62 8 HOMEGROWN biotech firm Bio-Scaffold International has signed a memorandum of understanding with India's Saveetha Medical and Educational Trust of Saveetha University. The two will collaborate on joint medical research on bone regeneration and dental implantology to develop new applications through clinical trials. The signing
        62 words
      • Article
        Lock icon Lee Yi Shyan on visit to Shaanxi province
        131 8 MINISTER of State for Trade and Industry Lee Vi Shyan is visiting Xian, capital of China's Shaanxi province. The visit started yesterday and will end on Wednesday. Mr Lee will attend the 4th International Senior Adviser Conference and promote Singapore's business interests
        131 words
      • Article
        Lock icon MOM revokes licences of three job agencies
        70 8 THE Ministry of Manpower (MOM) has revoked the licences and forfeited the security deposits of three employment agencies, namely MS Bushra Employment Agency, CM Manpower Centre Pte Ltd and Angel Maids Agency. The three companies were said to have breached the Employment Agencies
        70 words
    • Article, Illustration
      Lock icon Rich Asians pick private banks to manage wealth
      473 9  -  CONRAD TAN Some change risk profile in months to take advantage of market conditions MORE rich people in Asia are turning to private banks to help them manage their money and some are using the services on offer in unusual ways. At
      YEN MENG JIIN  -  473 words
    • Article
      Lock icon S'pore joins international cord blood bank network
      310 9 SINGAPORE'S public cord blood bank has joined an international register making its database of cord blood units available for matching by patients worldwide. Although the 2,500 cord blood units stored at the Singapore Cord Blood Bank (SCBB) seem small compared to the 66,000
      310 words
    • Article
      Lock icon CapitaLand donates $1m to 10 charities
      200 9 CAPITALAND'S philanthropic arm Capita Land Hope Foundation yesterday made its biggest donation to date and announced that it will channel 0.5 per cent of its annual net profit to charity. The foundation gave out 10 cheques amounting to a total of $1 million at
      200 words
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      1204 8 §£§|HARRIET j^jj^ a^mum- -y #IHif e-Sra citibank WORK STUDY UK CAREER ADVANCEMENT PROGRAM (Full-Time/Part-Time) EXECUTIVE TRAINEE PROGRAM m'l.liri I Tmfl 'tyinwWwffik Earn UPto fljtiflfcEijflflfriJl) p^ $3,000* monthly^ CALL *****175 or email us wns@harrietgroup.com |T~ I Prior registration required. Late comers strictly not allowed. BM V^ We reserve the right to
      1,204 words
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      219 9 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
      219 words
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  • SME spotlight
    • Article, Illustration
      Lock icon Taking JEP Precision to the next level
      776 10 Joe Lav is looking forward to his new role in Alantac which is acquiring 85% of the company he founded. NANDE KHIN reports ANY business owners would balk at selling their company and giving up control. But Joe Lav, founder and majority share
      776 words
    • Article
      Lock icon Portfolio gets Fed fillip
      434 11  -  TEH HOOILING IN line with the improving sentiment around the world following the half-point cut in the Federal Reserve funds rate last week, gainers overwhelmed losers in our small-cap portfolio in the last five trading sessions to yesterday. Twenty stocks advanced while five declined. But among
      434 words
    • Article, Illustration
      Lock icon Familiar markets offer caffeine fix
      869 11 SMALL CAPS Viz Branz focuses on pleasing clients close to home, NANDE KHIN reports INSTANT beverage and snack foods maker Viz Branz, which has seen a steady rise in its share price this year after years of lacklustre performance, has a three-pronged strategy to grow
      869 words
    • Article
      Lock icon Most SMEs don't seek funds from markets
      617 12 Study shows 45 per cent had no concerns about such funds, while only 18 per cent raised concerns about loss of control in decision-making, says OH BOON PING A MAJORITY of small and medi-um-sized enterprises (SMEs) are not looking for funds from capital
      617 words
    • Article, Illustration
      Lock icon UNIT TRUSTS & FUNDS
      7676 12 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 1.091/ Star Europe Bond 1.21/ Star Europe Bal 1.267/ Star Asian Tiger Eqty 1.703/ Star Asia Bond 1.282/ Star Asia Balanced 1.103/ Star Global Technology Fund!** 0.243/ Multi St Fd 0.977/ Star Asia Bond(USD) 0.852/ Gib Multi St USD
      7,676 words
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      Lock icon Page 10 Advertisements Column 1
      238 10 One Idea Can Change Your World I UrbcLnfOriHTl Most Recent Thinking in Risk, Governance and The Kaplan/Norton Ba Ia need Sco reca rd 4^HMt CREATING A WINNING LINKING STRATEGIC RISK BALANCED SCORECARD GOVERNANCE TO BALANCED SCORECARD 11 29-30 OCTOBER 2007 31 OCTOBER 2007 CARLTON HOTEL SINGAPORE CARLTON HOTEL SINGAPORE Teaches
      238 words
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      194 10 ■■■MiiM'^MirlkiijUyni HF**! I I 'IJJ^ HH BU L.SOEQ H BUY/SELL i -4> rfc ROLEX/PATEK PHILIPPE j/ ai BREGUET/PIAGET/AP TP "T" VACHERON/IWC/JAEGER N •#Ol-45A Peninsula Plaza 6334 0155 •#O2-90K People's Park Complex 6327 4628 r##Bn •#Ol-45 Theßencoolen 6333 1921 (E^M^ J£ffi3|s) •#Ol-51 Orchard Plaza 6836 3272 (J^Mt+'t) •#Ol-46 Peninsula Plaza *****919
      194 words
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      201 11 INTERNATIONAL BUSINESS FELLOWSHIP 10 th Executive Programme on India International Enterprise (IE) Singapore and Tata Management Training Centre invite you to attend the Executive Programme on India under lE's International Business Fellowship (IBF) Programme. The 8-day programme is designed to provide senior representatives from Singapore-based companies and the Singapore government
      201 words
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      Lock icon Page 11 Advertisements Column 2
      183 11 lU it «K. _^^^k j lift Don't wait till it breaks and lose sleep over it. To rest well, you need a secure infrastructure. Like sleep, the security of your IT systems will be twice as cherished when you lose it, and probably thrice as painful. Ensure that your IT
      183 words
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      116 12 Allianz Global Investors one of the world's largest asset managers with more Allianz (jjj) than US$l.2 trillion assets under management as at 31 December 2006. G,obal lnvestors company regn. no *****7169Z KWJk CHANGES #tey| ||l Bear markets have always been temporary. And so have bull markets. Share prices usually turn
      116 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Greenspan faults Democrats on trade policy
      531 13 Reuters Ex-Fed chief also says US economy is heading towards a slowdown [WASHINGTON] Former Federal Reserve chairman Alan Greenspan on Sunday faulted Democrats, including presidential candidate Senator Hillary Clinton, for moving away from former president Bill Clinton's embrace of globalisation. "They're taking positions which
      – Reuters; REUTERS  -  531 words
    • Article
      Lock icon Credit crunch set to hit hardest next year: IMF chief
      188 13 Reuters [MADRID] Most of the impact of the global credit crunch will be felt in 2008 and the United States will be hardest hit, International Monetary Fund managing director Rodrigo Rato said yesterday. World economic growth should remain high next
      – Reuters  -  188 words
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      3 13 fjjjr*Ci£! you? I
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      Lock icon Page 13 Advertisements Column 2
      519 13 Enjoy ANA's special blend of value, convenience and service H^^. IV H w'tn ANA Daily Morning flight to USA! Besides irresistible (Pill fares, you will be delighted at reduced transit time and jHuLI our famous Japanese hospitality. Fly with us and experience BjL Ul the ANA difference now! Don't miss
      519 words
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  • MALAYSIA
    • Article
      Lock icon MMC, Dubai mull maritime hub in S Johor
      491 14  -  PAULINE NG They sign MOU to explore possibilities to jointly develop a RM 16m project in Kuala Lumpur SOUTH Johor could be transformed into a maritime mega-centre in three years should a planned joint venture (JV) between Malaysian conglomerate MMC Corporation and
      491 words
    • Article, Illustration
      Lock icon VW CEO to visit M'sia for Proton talks
      394 14 AFP, Reuters He will meet M'sian PM to discuss sale of stake in Proton [HANOVER] Volkswagen chief executive officer Martin Winterkorn plans to visit Malaysia in the weeks ahead to discuss striking a deal with state-owned carmaker Proton, a Volkswagen spokesman said
      AFP, Reuters; AFP  -  394 words
    • Article
      Lock icon Bursa Malaysia denies merger plans amid record surge
      170 14 Bloomberg [KUALA LUMPUR] Bursa Malaysia Bhd, the stock exchange manager, rejected speculation that it's involved in potential merger or acquisition plans. The announcement came after shares of Bursa, based in Kuala Lumpur, jumped the most since they began trading in March 2005
      Bloomberg  -  170 words
    • Article
      Lock icon Petronas, Shell unit in gas tie-up
      291 14 Bloomberg [SYDNEY] Petroliam Nasional Bhd, Malaysia's state oil company, agreed to take a stake in the Evans Shoal natural gas field off northern Australia, its first investment in a potential liquefied natural gas project in the country. Petronas, based in Kuala Lumpur, will take
      Bloomberg  -  291 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      1367 14 < IN THE MATTER OF THE BMMMVBH COMPANIES ACT. CAP. 50 and Investing for the Next generation IN THE MATTER OF LERENO 810-CHEM LTD (Company Registration No. *****1961 C) (IN VOLUNTARY LIQUIDATION) (Incorporated in the Republic of Singapore) MEMBERS' VOLUNTARY WINDING UP NOTICES OF EXTRAORDINARY GENERAL MEETINGS SWnSKrtin 1! of
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      Lock icon Page 14 Advertisements Column 2
      599 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE LUCK™5^™5nG THE COMPANIES ACT (CHAPTER 50) (PRIVATE) LIMITED AN D (IN MEMBERS'VOLUNTARY IN THE MATTER OF LIQUIDATION) Company Registration No: DURACO INDUSTRIES (PTE) LTD ("COMPANY") *****0406R (IN LIQUIDATION) At an Extraordinary General
      599 words
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  • INDONESIA
    • Article, Illustration
      Lock icon Two boys in Riau may have bird flu
      172 15  -  Xinhua [JAKARTA] Two Indonesian children were in critical condition at a hospital in Riau province with doctors strongly suspecting them of having developed bird flu symptoms in the country where 84 people have already died of the virus, according to local media
      AP  -  172 words
    • Article
      Lock icon Indonesia to build Sunda Strait bridge
      240 15  -  Xinhua The mega project connecting Java and Sumatra will start in 2009 [JAKARTA] The Indonesian authorities have agreed to build a massive bridge connecting the main islands of Java and Sumatra in a mega project starting in 2009. The agreement was reached between the
      240 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      153 15 Our qualified professionals W/M J3 can assist you with offshore 1 structures, shelf companies j|r r J^M and incorporations in ALL jurisdictions including: m ,M British Virgin Islands Cayman Islands I Bahamas Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize
      153 words
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      Lock icon Page 15 Advertisements Column 2
      1170 15 BH f* n\/"-\\ L.C. Development Ltd 1 \J (Incorporated in the Republic of Singapore) Wm I—*S \^y V Company Registration No.: *****1118N NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of L.C. Development Ltd (the "Company") will be held at Rendezvous Hotel Singapore, Straits Ballroom 2 3, Level 2,
      1,170 words
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      Lock icon Page 15 Advertisements Column 3
      1757 15 Cl f* P\/I\\ L.C. Development Ltd Jt~ \f (Incorporated in the Republic of Singapore) fc L-^ >-X V Company Registration No.: *****1118N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 35th Annual General Meeting of the Company will be held at Rendezvous Hotel Singapore, Straits Ballroom 2
      1,757 words
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  • INDIA
    • Article, Illustration
      Lock icon Contemporary art of India enjoys demand overseas
      632 16  -  Reuters [MUMBAI] Artist Atul Dodiya is feted at galleries in New York and London where his paintings sell for six figure sums. But it's in Mumbai where he chooses to create art reflecting the tumultuous changes his native India is undergoing. Cacophonous neighbours,
      YEN MENG JIIN  -  632 words
    • Article
      Lock icon Solar energy developers get govt incentives
      374 16  -  SIDDHARTH SRIVASTAVA Several companies to set up production facilities for growing photovoltaic market in NEW DELHI THE Indian government has now set out details of the financial incentives for which electronics manufacturers can apply. The announcement comes six months after investment guidelines were laid
      374 words
    • Article
      Lock icon Private majority in USs9ob project
      185 16 Reuters Govt will have 49% stake in Delhi-Mumbai industrial corridor [MUMBAI] Private companies will own a majority stake in a firm that will manage India's largest infrastructure initiative to enable faster execution of the project, The Economic Times daily reported on Sunday. The federal government
      Reuters  -  185 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      248 16 Gramophone's good play at The Centrepoint Jj_ i» 111 Ipr II Wm > i i *niWiil sffijyf 1"^ sfr" Sa^ONB r [j^v^i 1 i L S SS .SI,.1 'Hi""*"' 1- Qj **»JS»-4y --l! In the month of September, get a 20% discount when you shop at Gramophone at The Centrepoint.
      248 words
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      Lock icon Page 16 Advertisements Column 2
      32 16 Shopping on (/Is i Turn in to RADDO 1100% pure m to «/n $1000 CapitaCfift Card Neekly in September 4r la% j I 4216 123* SWS 301? V^CSA i l^tt# J wen
      32 words
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  • GREATER CHINA
    • Article
      Lock icon China plays up Mattel's apology over recalls
      430 17 Reuters It presses claim that exports are safe and foreign media unfairly hyped quality scares [BEIJING] China yesterday highlighted Mattel's apology over its recall of huge numbers of toys to press its claim that Chinese exports are generally safe and foreign politicians and
      – Reuters  -  430 words
    • Article, Illustration
      Lock icon Yam frowns on low disclosure of hedge funds
      424 17 Bloomberg Issue needs global efforts to address: HK monetary chief [HONG KONG] Hong Kong Monetary Authority chairman Joseph Yam said yesterday he's displeased with the low level of disclosure by hedge funds compared with other investors. "I have not been happy with
      Bloomberg; BLOOMBERG  -  424 words
    • Article
      Lock icon First indigenous bullet train to debut by year-end
      288 17  -  Xinhua [QINGDAO] China's first self-designed and self-man-ufactured passenger train with a designed speed of 300 kilometres per hour equal to that of the famous Japanese bullet train will roll off the production line by the end of this year, the manufacturer announced
      288 words
    • Article
      Lock icon BURSA MALAYSIA
      2377 17 iep24 RM COOO) \&M Realty 0.88 \bricBhd 0.27 \dvance Synergy 0.32 \dventa Bhd 1.53 \eMulti Hldgs 0.30 \ffin Holdings 2.49 \hmad Zaki Resou 4.44 Me Corp 0.56 Mrasia Bhd 1.82 \kn Messaging Te 0.18 \kn Technology 0.75 Mliance Financi 3.26 Muminium Co 1.30 Amalgamated Ind 0.53 \minvestment Grp
      2,377 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      259 17 A hole in one event for your business. wriW*%m-]l International Wire, Cable, Tube and Pipe Trade Fairs for Southeast Asia 2 L~ Join us at the region's largest and most dedicated platform for Vw I %S U U w wires, cables, springmaking, fasteners, tubes and pipes. K^"B EJ ~*~ne more
      259 words
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  • ASIA PACIFIC/WORLD
    • Article
      Lock icon 3-way merger could create German banking giant
      461 18 -AFP Decision to merge LBBW, BayernLß and WestLß this year, says report [FRANKFURT] A new German banking giant could be created through a merger of the three biggest regional public banks, two of which have already launched talks, press reports said yesterday. "We
      -AFP  -  461 words
    • Article
      Lock icon Qatar ups stake in LSE to nearly 24%: report
      311 18 -AFP Qatar and Dubai now hold controlling stake in bourse [DOHA] Qatar has upped its stake in the London Stock Exchange (LSE) to nearly 24 per cent by acquiring an additional 3 per cent of shares, a Qatari newspaper said on
      -AFP  -  311 words
    • Article
      Lock icon Thai commerce minister in share inquiry to resign
      343 18 But a third minister involved is defiantly refusing to quit By OUR CORRESPONDENT In Bangkok TWO of the three Thai government ministers named in a shareholding inquiry have resigned, but a third is defiantly refusing to go. Following the resignation last week
      343 words
    • Article, Illustration
      Lock icon CHANTING FOR A REVOLUTION
      168 18 AP, AFP [YANGON] As many as 100,000 anti-government protesters led by a phalanx of Buddhist monks marched here yesterday, the largest crowd to demonstrate in Myanmar's biggest city since a 1988 pro-democracy uprising that was brutally crushed by the military. Monks and activists claimed the turnout
      AP, AFP; REUTERS  -  168 words
    • Article
      Lock icon NYT makes U-turn, admits violating policies over ad
      333 18 LAT-WP 'General Betray Us' ad not entitled to a discount, it says [WASHINGTON] After two weeks of denials, the New York Times acknowledged that it should not have given a discount to MoveOn.org for a full-page advertisement assailing General David H Petraeus.
      LAT-WP  -  333 words
    • Article, Illustration
      Lock icon Challenging start as a cold front sweeps in
      300 18 FOLLOWING the light wind and clear skies of the start on Sunday, the fleet of the Clipper Round the World Race encountered totally different conditions overnight and through the early hours of the morning yesterday. A cold front has swept across the
      ONEDITION  -  300 words
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  • AVIATION
    • Article
      Lock icon Business jet deliveries to hit 1,300 next year
      379 19 Bloomberg Honeywell also raises forecast to 14,000 planes worth USs233binloyears [NEW YORK] Worldwide deliveries of business jets will climb to a record 1,300 next year amid surging demand from Asia and Europe, Honeywell International Inc said in its annual forecast on Sunday.
      Bloomberg  -  379 words
    • Article, Illustration
      Lock icon Russia to unveil its modern passenger jet tomorrow
      567 19 Reuters [PARIS] Russia will seek a boost for President Vladimir Putin's bid to revive its once mighty aviation industry this week, by rolling out its first modern commercial airliner for the global market the Superjet. Built by the former Soviet Union's largest
      Reuters; AP  -  567 words
    • Article
      Lock icon Cathay to increase ticket surcharges again this year
      178 19 Bloomberg [HONG KONG] Cathay Pacific Airways, Hong Kong's largest airline, will raise ticket surcharges for the second time this year because of higher fuel prices. Levies will climb to HK$lO4 (Ss2o) each way from HK$lO3 for short flights and to HK$42B from
      – Bloomberg  -  178 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2325 19 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,325 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      137 19 BT/ZUJI Deals of the Week I BUSINESS CLASS (from I ECONOMY CLASS (from I HOTEL (from Tokyo $1,500 $424 $100 Philippine Airlines Thai International DESTINATIONS BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Jakarta $326 (Philippine Airlines) $136 (Garuda Indonesia) $56 <Qg^Cloudy Bangkok $399 (Cathay Pacific) $130 (Cathay Pacific)
      137 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      343 19 CRYPTIC CROSSWORD ACROSS 1 Where government can't HJ HI [2 I I [4 I pi I [6 I HHI 9 Why deliver a reprimand? B*^U B^Bfl 10 Direly anxious if a priest Bfl Bfl needs help (6) HH HH HH HJ HH HH ■< I I 12 Summary of oriental
      343 words
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  • SHIPPING
    • Article
      Lock icon Asian product tanker rates may fall for sth week
      419 20 Bloomberg Bookings slowing, supply of ships outpacing cargo available for loading [SINGAPORE] Asian rates for long-range oil-product tankers may fall for a fifth week as bookings slow because of holidays and the supply of ships outpaces cargo available for loading. The
      Bloomberg  -  419 words
    • Article, Illustration
      Lock icon Newcastle to cut Q4 coal exports: Aussie sources
      495 20 -Reuters [SYDNEY] Australia's Newcastle port, the world's largest coal export terminal, plans to cut at least 1.7 million tonnes from producers' total shipping allocations in the fourth quarter to reduce vessel queues, two producers said yesterday. The cut from the port's annual
      -Reuters; BLOOMBERG  -  495 words
    • Article
      Lock icon Coal, iron ore shipping rates set to chalk up records
      277 20 -Bloomberg [SINGAPORE] Coal and iron ore shipping rates may extend gains to records this week on rising demand to transport raw materials across the Pacific and the Atlantic amid a limited supply of vessels. The Baltic Dry Index, an overall
      -Bloomberg  -  277 words
    • Article
      Lock icon Researchers try to find out how navy sonars affect beaked whales
      748 20 ■AP Environmentalists say US Navy's sonar training exercises could harm whales [KAILUA-KONA, Hawaii] Robin Baird's research team members stare at the horizon for hours, searching for rarely seen beaked whales. The small, grey marine mammals have been at the
      ■AP  -  748 words
    • Article
      Lock icon Seatrade expands Asian regional HQ in Singapore
      282 20  -  CONRAD RAJ Move will enable close contact with clients, partners By [SINGAPORE] Seatrade, the global maritime publisher and events organiser, has expanded its Asia Representative office in Singapore. The new office will provide close contact with Seatrade's regional clients and partners. Seatrade said
      282 words
    • Article
      Lock icon Chinese shipyard denies state plans to take it private
      220 20 Reuters [SHANGHAI] Guangzhou Shipyard International Co yesterday denied a media report that its state parent is planning to take the Hong Kong and Shanghailisted Chinese shipbuilder private. In a statement, Guangzhou Shipyard said its parent, China State Shipbuilding Corp (CSSC) the
      Reuters  -  220 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 20 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp Labroy Marine MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.87 0.36 5.25 1.23 6.00 0.86
        107 words
      • Article
        Lock icon KLSE
        29 20 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 1.30 9.80 9.85 4.24 unch unch -0.08 unch 0.10 unch unch unch 661 51' 13: 3&
        29 words
      • Article
        Lock icon BANGKOK
        7 20 '00 ■recious Ship .36.50 1.25 482)
        7 words
      • Article
        Lock icon HONGKONG
        12 20 '000 iep^ Doil iingamas Cont 73.30 4.35 0.05 -0.12 no; 15&
        12 words
      • Article
        Lock icon PHILIPPINES
        20 20 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.80 34.50 unch unch unch 1.50 unch unch 487! 109"
        20 words
      • Article
        Lock icon TAIPEI
        24 20 iep24 NTS Vol Evergreen Marine ...25.70 :irst Steamship 76.60 /Van Hai Lines 24.15 r"ang Ming Marine...25.45 0.10 1.60 0.20 0.45 51 V 1!
        24 words
      • Article
        Lock icon TOKYO
        39 20 '000 (awasaki Hvy Ind ..414.00 5.00 ***** (awasaki Kisen ....1635.00 -18.00 696i Mitsubishi Hvy 672.00 5.00 1917' Mitsui Eng&Sbldg...600.00 6.00 917: Mitsui Osk Lines ...1761.00 -17.00 9831 Mippon Express 579.00 -11.00 445! MipponYusen 1091.00 5.00 884( iource: Reuters
        39 words
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  • MARITIME WEEK '07
    • Article, Illustration
      Lock icon Making the move to Singapore
      1535 21 MUCH has been said about the costs and benefits of setting up an office in Singapore. But on the ground, what factors actually clinch the argument for foreign companies that do decide to set up operations here? The Business Times looks at the experience of
      1,535 words
    • Article
      Lock icon MPA in spill payout schedule deal
      321 21  -  CONRAD RAJ SINGAPORE has become the first country to develop an agreed schedule with the International Tanker Pollution Federation Ltd (I-TOPF) to speed up payment of compensation for dealing with oil spills. The agreement was announced yesterday by Minister of State for Finance and
      321 words
  • Page 21 Advertisements
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      152 21 M P A SINGAPORE This series is brought to you by the Maritime and Port Authority of Singapore PM Co-organisedby Jr Asia's premier event in Singapore returns... \2l -23 APRIL 2009, Suntec Singapore I I extend my heartiest congratulations to the f~^ Ine collaboration between j Singapore Maritime Foundation and
      152 words
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      Lock icon Page 21 Advertisements Column 2
      87 21 Maritime WeekO|l|lT~] Calendar of Events M| International Chemical and 3 Oil Pollution Conference (ICOPCD g 0900hrs-1700hrs@ Shangri-la Hotel Singapore Maritime lecture isQQhrs IBoohrs Fulierton Hotel 4th International Maritime Awards (IMAI Gala Dinner jg^^ IBOOhrs 2200hrs Shangri-La Hotel j| J|[l J (iMI Launch of Maritime Week 2007 at Singapore Shipping Association's
      87 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon And now, a sub-prime US dollar
      528 22 ONE of the nasty side effects of the half-percentage-point cut in the Fed funds rate to 4.75 per cent by the US Federal Reserve last week has been a battering of the US dollar. This has potentially serious implications for the global economy. While
      528 words
    • Article, Illustration
      Lock icon Throw the book at sub-prime criminals
      1133 22  -  KAI-ALEXANDER SCHLEVOGT At the heart of the current financial turmoil is simple, old-fashioned fraud IMAGINE local farmers growing a crop quickly by intentionally using hazardous fertilisers and selling the produce to well-reputed international grocery chains. The food safety authorities are aware of the malpractice,
      BLOOMBERG  -  1,133 words
    • Article, Illustration
      Lock icon US economy's latest ditty: The worst is yet to come?
      729 22  -  LEON HADAR THE BOTTOM LINE IT'S not clear whether the cheerful investors on Wall Street who were celebrating last Tuesday's decision by the Federal Reserve Board's monetary policy committee to slash federal funds rates by half a percentage point were
      729 words
    • Article, Illustration
      Lock icon Reits yield impressive gains globally
      1195 23  -  MIKI TANIKAWA But some investors feel that for the US$BOO billion real estate trust market, the tipping point may be at hand BELIEVERS in global equities have been rewarded with 16 per cent annual returns since 2004. Believers in a different asset class "real estate"
      AP  -  1,195 words
    • Article
      Lock icon SID can team from feltow institutes
      392 23  -  Tan Lye Huat I refer to "Director's body to undergo review; may reinvent itself (BT, Sept 19) and strongly support this timely review. I am a proud "chartered director" of the Institute of Directors (lOD, UK) as well as a member of the Australian
      392 words
    • Article
      Lock icon How about a committee cm CPF returns?
      338 23  -  Leong Sze Hian, I refer to the article, "Longevity Insurance committee may report in 6 months" (BT, Sept 21), and the debate in Parliament on CPF returns. In reply to a question by opposition MP Low Thia Khiang (Hougang) on whether the GIC
      338 words
    • Article, Illustration
      Lock icon Overplaying the race card
      800 23  -  PAUL KRUGMAN LAST Thursday, there was a huge march in Jena, Louisiana to protest the harsh and unequal treatment of six black students arrested in the beating of a white classmate. Students who hung nooses to warn blacks not to sit under a "white" tree were
      800 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8366 24 Transaction date: Sep 24 HiLow Code Com| i an; Sale ('000) Hi. .ow B'u] rer Seller C'vr P/E $mil 3.5 2 5716 1st Software 22 6.5 3148 STelecom 34 17.5 5834 A-Sonic 104 98 6389 ABF SG Bond ETF 30 15.5 1938 AEI Corp 27 14 1100 AEM
      8,366 words
    • Article
      Lock icon SGX XTRANET
      70 24 Hii Low Code Comi >an< Sale COOP] Hii Low Bui rer Seller C'vr P/E $mil ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDP.S 3730 2570 6235 STI ETF 100 3761.6 2576.9
      70 words
    • Article
      Lock icon SGX SESDAQ
      2087 24 52-Wk Tel High Low Code Last Sale Vol ('ooo] Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an< Hii 30 13 1181 AAGrp 41.5 18 5000 ABR Hldgs 31 25 8538 APStrategic 16.5 1.5 1501 Advanced System 70.5 9.5 1524 Alantac
      2,087 words
    • Article
      Lock icon CLOB INTERNATIONAL
      252 24 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net 2 or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum
      252 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Se| 21 World Index Preliminan 1163.3 0.4 5.7 0.5 6.9 0.4 8.9 EAFE Preliminan 1142.7 0.1 3.2 0.2 6.5 0.0 8.5 Euri Preliminary 1567.5 0.4
      373 words
    • Article
      Lock icon PALM OIL
      65 25 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Oct 07 2625 2685 2687 2623 1453 6546 Nov 07 2637 2680 2685 2618 2533 ***** Dec 07 2620 2675 2678 2609 8940 ***** Jan 08 2607 2670 2670
      65 words
    • Article
      Lock icon STOCK INDEX FUTURES Sep 24
      20 25 STI SIMSCI Se 436.7 449.5 449.2 Taiwan Se closed Source: MF Global (S) Pte. Ltd
      20 words
    • Article
      Lock icon US$/S$ FORWARD RATES Sep 24
      21 25 Bid Offer 1-month 1.4954 1.4975 2-months 1.4919 1.4941 3-months 1.4888 1.491 6-months 1.4808 1.4831 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 25 Sep 24 Against SS Currencies Bid Offer Against USS Bid Offer S$iUS$ to one unit of foreign currency: Australian dollar 1.2988 1.3012 0.8666 0.8671 Canadian dollar 1.4994 1.5023 1.0005 1.0011 Euro 2.1162 2.1190 1.4120 1.4121 NZ dollar 1.1147 1.1166 0.7438 0.7441 jterlini ind 3.0374 3.0417 2.0267 2.0270
      156 words
    • Article
      Lock icon SGXDER.VATIVES trading
      281 25 Sep 24 EURODOLLAR FUTURES Dec07 Mar08 Jun08 Sep08 95.230 95.510 95.590 95.610 0 0 0 0 9520 ***** 5454 5090 EUROYEN FUTURES Dec07 99.165 99.165 Mar08 Jun08 99.080 99.080 Sep08 Dec08 98.910 98.910 Mar09 Jun09 Sep09 99.165 99.120A 99.080 99.015A 98.910 98.840A 98.770A 99.165 99.130 99.085 99.015 98.925
      281 words
    • Article
      Lock icon SICOM FUTURES
      277 25 se P 24 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Oct 07 Nov 07 Dec 07 Jan/Mar 08 Apr/Jun 08 Jul/Sep 08 331.50 331.50 332.00 333.25 337.00 339.25 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes)
      277 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      129 25 A= 9am Sep 24 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2970 1.3130 Can dollar 1.4980 1.5150 Euro 2.1090 2.1330 NZ dollar 1.1090 1.1330 Sterlini 3.0250 3.0591 US dollar 1.4950 1.5120 Local dollars to 100 units of foreign currency: Currencies
      129 words
    • Article
      Lock icon INTERBANK RATES
      162 25 Sep 24 fer Bii Overnight 2 1-month 2 1/2 2-months 2 9/16 3-months 2 5/8 Overnight mode: 2 1/8 USS Offer 1 7/8 2 3/8 2 7/16 2 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 5.05 5.18 5.20
      162 words
    • Article
      Lock icon INTERBANK CROSS RATES
      447 25 se p24 Australia 0.866 6.508 0.614 6.742 34.479 79.048 0.996 7.984 2.972 1.165 52.531 39.130 1.300 6.054 1.014 28.568 29.659 0.428 0.867 Canada 1.155 7.514 0.709 7.784 39.807 91.263 1.150 9.218 3.432 1.345 60.649 45.176 1.501 6.990 1.171 32.983 34.242 0.494 1.001 China 0.154 0.133 0.094 1.036
      447 words
    • Article
      Lock icon PRECIOUS METALS Sep 24
      170 25 GOLD (USS/oz) Sep 24 Sep 21 GOLD BULLION COINS (SS) Sellini Hong Kong 733.00 735.60 734.00 736.60 Sep 20 Sep 21 London 734.75 732.80 735.45 733.60 Source: Reuters (SS) Sellinq Buying 1 oz 1228.36 1100 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $430.14 353 SILVER
      170 words
    • Article
      Lock icon SIBOR
      75 25 1 mth 2 mths 5.***** 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** 5.***** 2.***** 3 mths 5.***** 2.***** 6 mths 9 mths 12 mths 5.***** 4.***** 4.***** 2.***** 2.***** 2.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 2.***** 3 yrs 2.***** 4yrs 2.***** 5yrs 2.*****
      75 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 25 Sep 24 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****V 27.12.07 1-Year BY*****V 30.04.08 2.05 2.12 2.06 1.99 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****0A 2.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****X
      86 words
    • Article
      Lock icon LONDON METALS
      67 25 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2352.80 2387.50 3 months 2407.00 2442.00 Copper, Grade A (USS/tonne) Cash 3 months 7929.00 7885.00 7932.00 7890.00 Lead (USS/tonne) Cash 3434.00 3 months 3359.00 3301.20 3255.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00 *****.00 3
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      Lock icon LIFFE
      82 25 21 COCOA (£/tonne) Close Prev Hii ih/Low Dec 07 996 999 1003/979 Mar 08 1008 1012 1016/992 May 08 1016 1020 1023/1013 Jul 08 1025 1025 1027/1013 COFFEE (USS/tonne) Close Pev High/Low Sep 07 1817 1880 1865/1820 Nov 07 1867 1916 1924/1851 Jan 08 1792 1823 1824/1782 Mar 08
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      Lock icon CHICAGO BOT
      105 25 Sep 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 07 979.00 988.50 989.50 978.00 Jan 08 994.50 1004.25 1004.50 993.50 Mar 08 1002.50 1011.00 1012.00 1002.00 May 08 1001.00 1009.50 1009.50 1001.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 07 38.99 39.44 39.50
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      Lock icon CRUDE OIL & PRODUCTS
      78 25 CRUDE OIL PRODUCTS Sep 21 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 79.62 1.41 WTI (Near Mth) 83.15 -0.75 Dubai (1-Mth F) 74.79 0.59 Tapis blend 84.45 0.9 Minas 78.35 0.6 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 79.25 92.75 2.10 1.2 USS/barrel Opec Oil
      78 words
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      Lock icon BONDS & WARRANTS
      2939 25 BONDS WARRANTS Tel Code Com| Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('OOP) Ratio Price ing Left >air 2036 Advance SCT Ltd W*****9 28 0.5 384 1674 Allgreen RB ECW*****0 1.5 -0.5 50 8798 Ascendas REIT SGA ECW*****3 39.5 3.5 29 4105 #Asiatravel W*****7 38.5 2.5
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      2860 26 mm The Business Times Shipping Times P 47riir79r_ __#iilliii Ell aP|§f UK CONTINENT SERVICE U.S.A SERVICE VIMIW Destination Destination STXPOTBN RTM/ANR/TIL MARY G CDN/NFK/SAV/NOL WALLENIUS WILHELMSEN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia I Q G I S T I C S MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination I
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      3349 27 WAN HAI INTERNATIONAL PTE LTD V^iK^ Km KSM Km MSI KM I Iwm} T MJ f^ VTrr\ ill. MAI I I MFC TEb*****588 (14 LINES) FAX:*****163 ■IPW^IM 1^ IB \YIIWAN HAI LINE) S^^ttSS^lS-S-, mWSm WM H H H Bfll 111 WEEKLY EXPRESS SAILING SCHEDULE V" JOH IEL:(O7) *****23 FAX:(07)*****21 SUR
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      3880 28 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • PROPERTY
    • Article
      Lock icon Jumeirah to open its first European resort
      164 29 [DUBAI] Jumeirah Group, the hotel management company owned by Dubai's government, leased a property being built in Mallorca, Spain from a German real estate fund to gain its first European resort and spa. Thel2o-room Jumeirah Port Soller resort is held on a "long-term"
      164 words
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      Lock icon Credit fallout to hit London office building
      512 29 Reuters CBRE sees 2.5 m sq ft of new space instead of 4.5 m forecast earlier [LONDON] The equivalent of two to four skyscrapers per year are now unlikely to be built in London in 2009 to 2011 duetofaUout from the US subprime
      Reuters; HAVES DAVIDSON, JOHN MACLEAN  -  512 words
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      Lock icon Ciputra Property to tap up to USslsom in Jakarta IPO
      322 29 Reuters Developer plans to use proceeds to acquire companies and subsidiaries [HONG KONG/JAKARTA] Indonesian real estate developer PT Ciputra Property is planning to raise up to about US$l5O million in a domestic initial public offering, according to a listing prospectus
      – Reuters  -  322 words
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      Lock icon Shanghai properties draw pension funds
      492 30 Reuters JLL: Foreign insurers may buy in as yields dip see short-term investors exiting SHANGHAI] Overseas pension funds and insurers may become main buyers of premium office and commercial properties in Shanghai as shorter-term investors could sell due to falling yields, Jones Lang LaSalle (JLL)
      – Reuters; AFP  -  492 words
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      Lock icon Taipei housing market confidence dips
      293 30 Bloomberg Rising prices push figure down to lowest in 4 years [TAIPEI] Taipei housing market confidence dropped to its lowest in almost four years because of rising prices, a Taiwan govern-ment-sponsored survey showed. The housing confidence index for Taiwan's capital fell to 97.55 in the
      Bloomberg  -  293 words
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      Lock icon Only 20% of US sub-prime mortgages at risk
      307 31  -  ARTHUR SIM No plans to scrap such mortgages as they democratise credit: US official ABOUT 5 per cent of all US mortgages are sub-prime but only one fifth of these are at risk of default, US Department of Housing and Urban Development
      307 words
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      Lock icon Sale of Seletar Garden could fetch up to $75m
      292 31 This works out to $683-$733 psf ppr inclusive of DC for the 73,099 sq ft site SELETAR Garden, a mixed development at Yio Chu Kang Road, is up for sale by tender with the estimated price of between $70 million and
      292 words
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      Lock icon Second transitional office site released
      392 31  -  UMA SHANKARI THE government yesterday launched for sale its second transitional office site in a bid to improve the supply of office space. Market watchers estimate that the 1.2 hectare site in Tampines could fetch about $100 per square foot per plot ratio (psf ppr)
      392 words
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      Lock icon German fund manager eyes Asia properties
      482 32  -  UMA SHANKARI Union Investment looks to quadruple its regional portfolio over a 4-year period million from mainboardlisted property group Wing Tai. Union Investment is now working on more acquisitions in Japan, China and Singapore, Mr Wolf said. "We are also closely looking at Malaysia,
      482 words
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      Lock icon Residential property launches gathering speed again
      449 32  -  KALPANA RASHIWALA Ho Bee previews Turquoise, Wheelock properties to launch Scotts Square DEVELOPERS are slowly stepping up residential property launches again, with Ho Bee Investments previewing its Turquoise condo at Sentosa Cove and Wheelock Properties (Singapore) holding the official launch of Scotts Square later
      449 words
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      23 29 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. GBAI3 NOTICES
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      155 29 ljwe'^T'^- Entire 8-storey commercial development/ N o™ BR r ERD SOHO with facilities I^l l o -55 strata titles totalling 60,913 sqft I ««>««u« -GFA7l,Boosqft 2 KEYPOINT RftRK MILE FC j> beach rd "99-year lease wef 26 Apr 2004 THE STJOHN Riff!?*?! GOLDEN concourse hqr G ol D |n ny^^M^
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      263 29 Watb you buying another A I J| dft| where Next for I property in Singapore? J& filnhal Prnnorhi Then DONT MISS our pane, discussion on I* tt l^ ™00Z\ KrOpeHy "Singapore Property: Sizzling Hot Market or an r I nil liter. End to a Bull Run?" featuring: X «Haj Take
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      347 30 jf ft Thp NUS Vi MmMHH I I Executive MBA I I 'Vlb/X^ Your Passport to a Global Career 29 September 2007 (Saturday) I Raffles City Convention Centre I 10am spm Discover how The NUS MBA can jumpstart your global THE NUS MBA RANKED #1 BY RECRUITERS IN ASIA PACIFIC
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      151 30 Belmontßd 16,0005f King Albert Pk 14,3005f Bishopsgate 17,0005f Ladyhillßd 16,0005f BrizayPk 17,0005f Lewis Rd 12,0005f Cable Rd 17,0005f OeiTiongHam 16,0005f Cluny Hill 16,0005f Olive Rd 25,0005f ClunyPk 16,0005f Queen Astrid Pk 25,5005f Cornwall Gdn 16,0005f Second Aye 15,0005f Cornwall Gdn 21,0005f Swettenham 15,5005f DalveyEst 15,0005f Third Aye 20,0005f Gallop Pkßd
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      238 31 For Sale By Tender Apollo Centre da^Quay gg» p Qr offiCC US6S ORCHARD RD/CTE R d X V^ Prominent double road frontages \^\C«ntralM,ll \^\aSS Central//^/ 3 Apoiioc^^Vs^sp^y Land area: 54,560 sq ft \^z J y^^K" Gross floor area: 217,525 sq ft \i>/ Boat Qua, Walking distance to Clarke Quay \kBsS.AN^#f^
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      336 31 FOR SALE BY TENDER UTuasAve 1/155 Gul Circle I SeXomt I UTuasAve I tj, Rafnes Purpose built factory including warehouse \> "*C Tenure: JTC 30 yrs +30 yrs from Ist Oct 1985 Gross floor area: approx. 1.17 million sq ft -o^ N Land: approx. 1.5 million sq ft UTuas -r
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      274 32 I 5* freedom to create sonyericsson.com/freedomtocreate And enters their contacts MJ via Business MJ Mk Card Scanner. MJ I B^Y^fl Mf c uses P"3*l wJ thAArcEure He takes out his email to send fj Aw^Tstow I Sony Ericsson Pli B V» JS prospective clients B and starts MUlflß his new
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