The Business Times, 17 November 2007

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Total Pages: 21
1 21 The Business Times
  • 24 1 THE BUSINESS TIMES SINGAPORE 85 cents ajp* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 202/12/2006 November 17-18,2007 online at http://business-times.asial.com.sg
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  • 800 1  -  UMA SHANKARI Retailers look to a sharp rise in Christmas sales if Singaporeans shed their recent caution [SINGAPORE] Concerns remain that consumer spending is not keeping up with Singapore's economic growth, but retailers hope to get the city in the mood to
    ARTHUR LEE  -  800 words
  • 462 1  -  SAMUEL EE Move expected to raise the profile of Mio TV: sources [SINGAPORE] In a development that could get its mobile phones whirring and Mio TV purring, SingTel has been named the title sponsor of next year's inaugural Fl race here. The
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  • Page 1 Advertisements
  • Page 1 Miscellaneous

  • TOP STORIES
    • 639 2 Bloomberg Investors could beat the S&P 500 just by imitating Warren Buffett's trades [NEW YORK] Buying whatever billionaire Warren Buffett bought, often months after his share purchases, delivered twice the return of the Standard Poor's 500 Index during the past
      – Bloomberg; I I REUTERS  -  639 words
    • MARKETS DIGEST
      • 48 2 Friday 1,386.64 lange -3.36 KLCOMP NIKKEI 225 15,154.61 -241.69 HANG SENG 27,614.43 -1136.78 SET INDEX 849.07 -6.45 JAKARTA COM P 2,668.70 -37.12 MANILA COMP 3,598.96 -73.26 SEOUL COMP 1,926.20 -21.54 SHENZHEN B 707.45 -9.25 MUMBAI IND 19,698.36 -86.53 11AM EDT Change 13,104.68 -5.37 DOW NASDAQ 2,608.68 -9.83
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      • 29 2 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.00 INDONESIA 15.265 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.50 CANADA 6.25 SWITZERLAND 4.03 INDIA 12.75 Source: Bloomberg
        Bloomberg  -  29 words
      • 39 2 IS$ (S$ per US$) 1.453 (US$/S$ )er 2.048 2.974 ;URO(US$/S$/E) 1.464 2.127 'EN 110.10 75.80 3.381 2.327 IK$ 7.784 5.358 !AHT 33.88 23.32 IUPIAH 9,330 6,423 IENMINBI 7.424 5.110 INDIAN RUPEE 39.33 27.08 1.125 0.774 IZ$ 1.318 0.907
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    • 310 2  -  NEIL BEHRMANN By in London STERLING has fallen sharply from its recent heady peak following a gloomy forecast from the Bank of England. The central bank has signalled that interest rates will fall in coming months and the hot money
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    • 443 2  -  CHUANG PECK MING ASEAN SUMMIT George Yeo says political will stronger than expected [SINGAPORE] The high point of the 13th Asean Summit, which opens here on Monday, will be the signing of the landmark Asean Charter that lays the foundation for
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    • THREE-MINUTE DIGEST
      • 60 2 DBS Group Holdings' diverse management team and board is a key asset in the bank's bid to become a pan-Asian bank, said outgoing chief executive Jackson Tai. He said that he believes that this gives DBS an edge over its competitors
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      • 56 2 POPULAR curry-puff maker Old Chang v i i i i,r Kee is headed lor an initial public offering. The group announced yesterday thafit has lodged its -4i.il. preliminary prospectus with the Monetary Authority of Singapore, and intends to list its shares
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      • 56 2 SEMBCORP Industries intends to increase its piped Indonesian gas imports by 26 per cent to meet growing demand for natural gas from petrochemical plants on Jurong Island, and expects to conclude a gas sales agreement for this by the first quarter of
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      • 79 2 QUESTIONS have been raised over Asean's move to create a unified single market, with a study finding that trade between member states has shrunk in the past five years compared with their trade with non-Asean countries, especially China. The DHL Asia-Pacific-sponsored study by the
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      • 50 2 THE see-saw monthly growth pattern in Singapore's non-oil domestic exports continued in October, according to the latest figures released yesterday by International Enterprise Singapore. This time, the NODX jumped by a higher-than-expected 6.8 per cent from a year ago. SINGAPORE NEWS, PAGE 9
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      • 64 2 MORE than RM6 billion (552.58 billion) from the Middle East has been invested in Malaysian property in the past two years and more is set to follow. Analysts say that Islamic funds will continue to flow into Malaysia's property sector, drawn by the country's
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      • 84 2 HONG Kong's economy is tipped to grow by 6 per cent this year as the city continues to enjoy strong domestic demand and low unemployment, but inflation has hit levels not seen since the 1997 handover. The government had
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      • 55 2 INDIA'S record stock market rally may falter if the government slaps controls on overseas buying in an attempt to stem gains in the rupee, CLSA Ltd said. "Strong capital controls could cause a big decline," Christopher Wood, CLSA's Hong Kong-based chief Asian equity
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      • 40 2 The US Securities and Exchange Commission on Thursday unanimously voted to allow foreign companies to use international accounting standards instead of US rules when filing data with the agency. ASIA-PACIFIC/WORLD, PAGE 16
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  • Page 2 Advertisements
  • Page 2 Miscellaneous

  • THE RAFFLES CONVERSATION
    • 2371 3 'In the business world you are told that you have to be ruthless, without a heart to succeed. I don't believe in that. I don't see why you can't be nice to people and try to listen to the other side of the argument
      ARTHUR LEE  -  2,371 words
    • 97 3 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through the highest
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  • COMPANY NEWS
    • 659 4  -  CONRAD TAN It's not a 'one flavour, one dimensional, one country' Asian bank DBS Group Holdings' diverse management team and board is a key asset in the bank's bid to become a pan-Asian bank, said outgoing chief executive Jackson Tai. "Only
      659 words
    • 367 4  -  CHOW PENN NEE This will enhance efficiency of its capital structure OCBC Bank intends to issue lower tier 2 subordinated notes to further enhance the efficiency of its capital structure. The Singapore banking group said the issue is part of its plan to
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    • 554 4  -  R SIVANITHY I STOCKS ANOTHER turbulent and volatile week driven by persistent weakness on Wall Street stemming from continued sub-prime-related worries ended yesterday with the Straits Times Index nursing a 36.63-point loss at 3,440.96, its sixth loss in seven sessions and
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    • 392 5  -  CHOW PENN NEE Preliminary prospectus lodged with aim to seek funds for expansion POPULAR curry-puff maker Old Chang Kee Pte Ltd is headed for an initial public offering (IPO). The food and beverage group announced yesterday that it has lodged its preliminary
      DESMOND LIM  -  392 words
    • 456 5 Holding firm has near 90% stake; lack of market liquidity among factors cited PERMASTEELISA Pacific Holdings (PPH) could soon be delisted from the Singapore Exchange (SGX), given that it has received a delisting offer from Permasteelisa SpA (Pisa Spa)
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    • 563 5 Reuters Liquidity chasing China growth, but volatility putting off investors here [SINGAPORE/HONG KONG] While the year for Singapore's IPO market closes with a whimper, investment bankers in rival Hong Kong cannot rush deals to the market fast enough. The difference:
      Reuters  -  563 words
    • 558 5 Reuters Choice hinges on listing guidelines for SGX's new board [SINGAPORE] Vietnam Asset Management (VAM), part-owned by Dubai Investment Group, plans to list its flagship fund in Singapore or London next year to raise up to US$2OO million, its chairman said
      Reuters  -  558 words
    • 342 7  -  CHUANG PECK MING THE space left vacant after the curtain was brought down on the Crazy Horse Paris Singapore show will now be turned into what its backers describe as a discotheque, lounge and restaurant. The plans come from the same company cinema operator
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    • 555 7  -  RONNIE LIM Unclear whether planned additional imports will get nod from the authorities SEMBCORP Industries intends to increase its piped Indonesian gas imports by 26 per cent to meet growing demand for natural gas from petrochemical plants on Jurong Island, and expects
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    • 488 7  -  NISHA RAMCHANDANI SINGAPORE is expected to show strong demand when Banyan Tree Residences holds a launch here this weekend for its branded hotel residences. Banyan Tree Residences one of the business segments of mainboard-listed Banyan Tree Holdings offers the sale of hotel villas or
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    • COMPANY BRIEFS
      • 61 7 CH Offshore's subsidiary Pembrooke Marine has entered into a memorandum of understanding (MOU) tosellal9B2-built, 4,800 brake horsepower anchor-handling tug supply vessel for US$2.9 million. The net book value of the vessel as at June 30, 2007, is US$O.Ol million. The group expects
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      • 52 7 NIPPECRAFT has reported that its subsidiary Paperich has secured a copier business for the fourth quarter, generating estimated revenues of about U5523.7 million. The contract will end on Dec 31. The company said the contract is a lower margin business and is unlikely to continue the
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      • 42 7 LIFEBRANDZ'S subsidiary LB Investments is being sued by the Ministry of Sound International, which claims LB Investments has breached the licence granted to it pertaining to the "Ministry of Sound" brand. Lifeßrandz is fighting the suit.
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    • 362 7 SINGAPORE Exchange (SGX) and National University of Singapore's Risk Management Institute (RMI) will collaborate to produce new financial products. Under a memorandum of understanding (MOU) signed yesterday, SGX and RMI will work together on financial research to create innovative products to
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  • Page 4 Advertisements

  • Page 5 Advertisements
    • 4 5 i NlO" IdJJjjfjgH {n;
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    • 202 5 Christmas Comes Early at LORENZO 4 seater full semi-aniline U.P. $2998 leather lounge suite Now $1999 Bonus FREE footstool worth $498 r Ist Prize 100% Full Rebate 2nd Prize 50% Partial Rebate 3rd Prize 25% Partial Rebate v 5x Participation Prizes 10% Partial Rebate v Each month, 8 lucky shoppers
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  • PERSONAL INVESTMENT
    • 1025 6  -  MATTHEW PHAN Swiber Holdings, nov 16 dose: $3.50 Cazenove, Nov 14 STRONG Q3 results, in line with our expectation. Swiber reported a strong set of results for Q3 2007 with turnover of U5545.4 million (+79 per cent quarter on quarter) and reported net earning of US$l9.6 million (+217
      1,025 words
    • 1545 6  -  TEH HOOI LING SHOW ME THE MONEY Mark Sellers, founder of a Chicago-based hedge fund, argues that the best investors are born with particular psychological traits that others can never learn W HAT makes m someone a great investor? It's something you have to
      REUTERS  -  1,545 words
    • BT SHARE INFORMATION SERVICE
      • 691 6 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares ■000 Price Per Shr$ Before C000] JCj After C000) Stock Digiland Intl 15-Nov-07Tan Kim Yong Sell ***** na *****80 42.38 *****80 41.66 Digiland Intl 15-Nov-07Tan Kim Yong Sell ***** na *****98 79.20 *****98 78.04 Pac Ship
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      • 263 6 A: Annual, E: Extraordinary G: General, S: Special, W: Warrantholders A full list of company meetings is at http://www.businesstimes.com.sq COMPANY MEETING PLACE DATE TIME Magnus Energy E Meritus Mandarin Singapore Reception Hall, 5th Floor South Tower, 333 Orchard Road Singapore *****7 19-Nov 10.00am Nobel Design E 134 Joo
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  • Page 6 Advertisements
    • 23 6 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use.
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  • Page 7 Advertisements
    • 200 7 Invest now! PULSES, SGX's investment magazine, will be relaunched next month. The /agtifcrySm. rejuvenated monthly will be produced entirely by The Business Times. i^^:- The January 2008 issue will be on newsstands and in bookshops on Dec 19 but you can get a copy delivered to your home or office
      200 words
    • 124 7 ZAP&BID FROM $10! LONGINES LONGINES HYDROCONQUEST a RETAIL PRICE: $I,73o(lndude 7% GST) HydroConquest collection is the preferred \^CSS^^ watch for divers.The black dial is embellished SjD^Sm withabigl2withsuperluminovalumines£j"^^ cence on the hands and indices to facilitate ftffij HKy- reading in all conditions. The watch is fitted with the L633 automatic selfwinding
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  • SINGAPORE NEWS
    • 500 8  -  CHUANG PECK MING Higher intra-regional trade would suggest a genuinely unified single market: study QUESTIONS have been raised over Asean's move to create a unified single market, with a study finding that trade between member states has shrunk in the past five years compared
      AFP  -  500 words
    • 309 8 THE Agency for Science, Technology and Research (A*Star) yesterday signed a memorandum of intent (MOI) with Italy's University of Milano-Bicocca (UNIMIB) to initiate and promote research activities, scientific cooperation and training in biomedical sciences. The MOI aims to build on the existing good
      309 words
    • 7768 8 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 1.059/ Star Europe Bond 1.22/ Star Europe Bal 1.255/ Star Asian Tiger Eqty 1.697/ Star Asia Bond 1.252/ Star Asia Balanced 1.071/ Star Global Technology Fund!** 0.231/ Multi St Fd 0.955/ Star Asia BondfUSD) 0.866/ Gib Multi St USD
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    • 547 9  -  CHUANG PECK MING See-saw monthly growth pattern after 10.9% for Aug and 2.2% for Sept THE see-saw monthly growth pattern in Singapore's non-oil domestic exports continued in October, according to the latest figures released yesterday by International Enterprise Singapore. This time, the NODX
      547 words
    • 338 9 THE business community must help push the pace towards Asean economic integration, Tun Musa Hitam, former deputy prime minister of Malaysia, said yesterday. Speaking at a panel discussion, Mr Musa suggested that the business sector can help translate the confidence of the government
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    • 440 9  -  WEE LI-EN MALAYSIAN representatives yesterday completed their first round of oral arguments before the International Court of Justice, in the dispute over whether Singapore or Malaysia have sovereignty over the islet of Pedra Branca. The Malaysians said that the Sultanate
      440 words
    • 833 9 Private residential units sold in October 2007 8 Slratton Stratton Green Fairview Devts Landed OCR 8 8 3 5 0 3 408 407 409 Aalto Jalan Kechil Hong Leong Hldgs Non-landed RCR 196 161 106 55 56 49 1,632 1,432 2,541 Aquene Joo Chiat Place/ Deneside Pte
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    • SINGAPORE ROUNDUP
      • 57 9 THIRTEEN project teams from the Transport Ministry, the Civil Aviation Authority of Singapore, the Land Transport Authority and the Maritime and Port Authority received the Minister's Innovation Award yesterday. Among the winning projects was the development of specially designed transparent bags now used at airports
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      • 49 9 U2l Global, an online graduate school based here and backed by an international network of 20 universities, said Manipal Universal Learning International, part of India's Manipal Education Group, has taken over a 50 per cent equity stake in U2l Global from Cengage.
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      • 49 9 THE Workplace Safety Health Advisory Committee has launched a new method of assessing health and safety risks at construction sites. It provides a single audit checklist and a scorecard that can be used to compare safety and health standards across different worksites.
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  • Page 8 Advertisements
    • 31 8 Allianz Global Investors one of the world's largest asset managers with more Allianz (jji) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors company regn. no *****7169Z
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  • Page 9 Advertisements
    • 21 9 Lianhe Zaobao I China developer buys artificial island in Dubai to create a $350m "retreat away from the world" SCSOOO^ffTcWiS "HWMKS"
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    • 99 9 Get your' Bertrand& ju*. Grandma Mary f '^L j jfer She is a feisty v*4%. mi grandmother who <Tv\A<^ listens to Santana M/M &L and wields a mean m electric guitar. He is one of her V favourite grandkids A. who learnt the A 9 guitar from her. Catch them
      99 words

  • MALAYSIA
    • 602 10  -  PAULINE NG Over RM6b invested in past two years in Klang Valley, IDR and Penang projects MORE than RM6 billion (552.58 billion) from the Middle East has been invested in Malaysian property in the past two years and more is set to follow. Analysts
      602 words
    • 578 10  -  PAULINE NG If yes, it will be the company's second try in under a year MULTI-PURPOSE Holdings Bhd (MPHB) appears undeterred by an earlier failed attempt to take its gaming subsidiary Magnum Corporation private. Shares of both companies were suspended yesterday, leading analysts
      578 words
    • 8580 10 Transaction date: Nov 16 High >-wks Tel Low Code Last Sale Vol ('000) High )ay Last Quote Div Low Buyer Seller C'vr Net P/E I Cap $mil Company 3.5 2 5716 1st Software 11 8 3148 STelecom 34 17.5 5834 A-Sonic 104 98 6389 ABF SG Bond ETF
      8,580 words

  • INDONESIA
    • 493 11 Bloomberg Transport bottlenecks limit supplies, lifting food prices by more than 11% [JAKARTA] Indonesia's clogged roads and neglected ports are threatening to drive up prices that are already rising at the fastest pace in South-east Asia, Coordinating Minister for the Economy Boediono said. "Infrastructure, especially
      – Bloomberg  -  493 words
    • 152 11 Xinhua Indonesia currently produces 900,000 to one million bpd [JAKARTA] Indonesia is unable to boost oil production with only about 30 per cent of all 161 oil fields productive, local press reported yesterday. The country's current oil production ranges from 900,000 barrels to one
      – Xinhua  -  152 words
    • SGX
      • 65 11 VOLUME VALUE (S) ChinaNTown 79,605,000 DBS Gri 243,572,700 Ma inus 44,343,000 Sin iTel 90,969,240 Ch En. |Seri' 32,459,000 UOB 89,248,300 UOB MBL eCW*****4 30,849,000 HKLand 77,677,243 Thai Bevera 25,609,000 Kei I Con 73,293,000 DBSDB eCW*****0 24,429,000 litaLand 72,239,59! Sin. iTel 24,359,000 S I A 67,316,300 Noble Gri
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      • 103 11 BY CENTS BY PERCENTAGE CLOSE UP CLOSEUP STI 3500SGAePW*****9 43.5 11.5 35.9 STI 3300BNPePW*****9 3 200.0 2.0 OCBCBk4.5%NCPS 100 ***** 10.0 0.1 STI 3200BNPePW*****0 17.5 75.0 7.5 UOB 1960 10.0 0.5 CoscoCori NPePW***** 1.5 50.0 0.5 UOB DB ePW*****6 46 9.5 26.0 STI 3500SGAePW*****9 43.5 35.9 11.5 SBSTransit 312
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      • 122 11 BY CENTS BY PERCENTAGE CLOSE DOWN CLOSE DOWN GLD 10US$ 7820 -348.5 -3.0 DBS BNPeCW*****9 1.5 -66.7 -3.0 ir China H 10US$ 2150-159.7 -4.! DBS DB eCW*****7 0.5 -66.7 -1.0 JMH 2680-101.6 -2.5 Kei iCori DB eCW*****3 8 -63.6 -14.1 Jardine C&C 1860 -90.0 -4.6 STI 3600BNPeCW*****9 2.5 -61.5
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    • 90 11 Up Down Unch 4 114 Up Down Unch OOP Up Down Unch 4 114 Multi Ind Manufacturim 37 124 40 12 16 17 49 140 57 Commerce 10 46 19 12 12 58 21 )t/Stor/Comms 10 22 11 24 Finance 20 21 lonstruction Pro 10 33 10
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    • 125 11 TURNOVER ('000) MAIN SDQ TOTAL VALUE ('000) SDQ TOTAL MAIN Multi Ind 40,720 40,720 127,355 127,355 Manufacturing 293,680 59,805 353,485 313,575 11,092 324,666 Commerce 110,649 8,540 119,189 112,219 1,798 114,017 )t/Stor/Comms 110,090 1,679 111,769 357,640 1,105 358,745 Finance 50,350 42 50,392 516,216 11 516,227 Construction 103,083 61,228
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    • 221 11 Stock name Wt Close Change Allgreen 0.45 1.500 +0.050 Ascendasreit 0.85 2.330 -0.010 CapitaComm 0.46 2.250 -0.050 Capita Land 4.43 6.800 -0.150 Capita Mall 0.91 3.240 -0.040 Chart SemiCond 0.55 1.030 +0.010 CityDev 2.71 14.100 -0.100 ComfortDelGro 1.27 1.810 -0.020 Cosco Corp 2.17 6.550 -0.100 Creative
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    • 2653 11 BONDS WARRANTS Tel Code Com| Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left >air 2036 Advance SCT Ltd W*****9 2835 Allgreen RBeCW*****6 #ArianeCorp Ltd W*****9 8798 Ascendas REIT SGA ECW*****3 4105 #Asiatravel W*****7 1436 AusGroup MBL ECW*****4 1851 AusGroup MER ECW*****8 2853
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    • 2360 11 STOCK PRICES LEGEND: Straits Times Index Stocks; 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 cdca cum dividend cum all
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    • 82 11 52-Wk Tel High Low Code Last Sale Vol Cooo) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an' Hii 119 119 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 *****
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    • 72 11 «Vk Tel Low Code Last Sale Vol cooo] lay Low .ast yer Juote Seller Div C'vr Net P/E Cap ,niil Hil Comi 'an: Hii Bit 141 104 6000 AVJennings 21.5 5 6134 Over&Gen 64 17.8 6017 StarCruises 320 179 6019 TanChonglnt A104 A14 US36.5 HK265 unch -5 8369
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  • Page 12 Advertisements
    • 90 12 parkwayhealth.com People used to travel for miles and miles and miles to see the doctor. /uyfi wr Jk IVlanv still do. i" T I I X m From as near as Indonesia, to as far as Africa, HI B* SI i i B-'^H^^^H X y jr j TaPnl 1 "71
      90 words

  • GREATER CHINA
    • 586 13  -  JANE MOIR Govt revises target from 5-6%, but inflation hits 2.5% for first nine months HONG Kong's economy is tipped to grow by 6 per cent this year as the city continues to enjoy strong domestic demand and low
      586 words
    • 336 13 Bloomberg [HONG KONG] Hutchison Tele communications International Ltd, a mobile phone company controlled by billionaire Li Ka-shing, posted a 42 per cent increase in third-quarter profit after gaining users in Indonesia and Israel. Net income rose to HK$l46 million (5527.2 million),
      Bloomberg  -  336 words
    • 370 13 Reuters Oil refiners losing money but say they will boost supply [BEIJING] Diesel fuel shortages are spreading in parts of inland China, pushing pump prices as much as 20 per cent above the regulated level in central Henan
      – Reuters; REUTERS  -  370 words
    • 397 13 Reuters [HONG KONG] China will let individual investors buy a smaller-than-expected amount of Hong Kong stock under a landmark direct investment scheme starting next year, analysts and media reports said yesterday. HSBC analysts expect China to kick off the so-called "through train"
      Reuters  -  397 words
    • 282 13 Reuters [HONG KONG] China Pacific Insurance (Group) Co, the country's No 3 life underwriter, is preparing initial share sales in Shanghai and Hong Kong to raise US$4 billion to US$6 billion, sources familiar with the deal said yesterday. The company plans to list in
      – Reuters  -  282 words
    • 752 13 Reuters Mainland institutions are eyed as potential rescuers of Western peers [HONG KONG/SHANGHAI] Flush with cash and swaggering with world-beat-ing valuations, China's financial firms are scouring the globe for acquisitions but are more likely to settle for small stakes in big, established
      – Reuters  -  752 words

  • INDIA
    • 647 14 Bloomberg CLSA analyst says 'big decline' likely if Delhi tries to stem gains in the rupee [MUMBAI] India's record stock market rally may falter if the government slaps controls on overseas buying in an attempt to stem gains in the rupee, CLSA Ltd
      Bloomberg  -  647 words
    • 207 14 -AFP [MUMBAI] India's central bank said on Thursday it had launched a comic book series to explain the country's booming economy to hundreds of millions of poor children. A 20-page comic book, Raju and the money tree, illustrates the story of a
      -AFP  -  207 words
    • 181 14 Tourists told: Pay in rupees, not a weak Reuters [NEW DELHI] The Indian authorities have ruled that tourists visiting the country's monuments must pay at a fixed local rupee rate rather than in US dollars to shore up revenues as the greenback falls against major currencies. Entrance to many sites
      – Reuters  -  181 words
    • 57 14 INDIAN models walk the ramp during a fashion show organised by the newly launched Reliance Jewels company, in Bangalore on Thursday. Reliance Retail Limited (RRL) announced the launch of its first jewellery speciality store here. RRL, a 100% subsidiary of Reliance Industries Limited operates over
      PHOTOS: AFP  -  57 words
    • 458 14 Reuters It is looking to buy an IT services company in Japan [BANGALORE] Indian software firm Satyam Computer Services sees no slowdown in US outsourcing demand even as the world's largest economy lumbers under the weight of a housing downturn, a senior official
      Reuters  -  458 words
    • 2384 14 VOL C000) I0V16 RM \&M Realty 0.91 5,bricBhd 0.29 \dvance Synergy 0.34 \dventa Bhd 1.60 \eMulti Hldgs 0.28 Win Holdings 2.71 \hmad Zaki Resou 5.85 \ic Corp 0.63 5,irasia Bhd 1.85 \kn Messaging Te 0.18 \kn Technology 0.71 Alliance Financi 2.99 \luminium Co 1.24 \malgamated Ind 0.53 \minvestment
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  • Page 14 Advertisements

  • ASIA-PACIFIC/WORLD
    • 625 15 Reuters Move means low costs for firms filing data and aligns with EU, other countries [WASHINGTON] The US Securities and Exchange Commission (SEC) on Thursday unanimously voted to allow foreign companies to use international accounting standards instead of US rules when filing
      – Reuters; BLOOMBERG  -  625 words
    • 538 15 Source: Clipper Ventures JUST one minute and 17 seconds separated Glasgow: Scotland with style Clipper and Liverpool 08 who narrowly beat them across the finishing line at the end of Race 3 from Salvador, Brazil, to Durban, South Africa. Although the
      Source: Clipper Ventures  -  538 words
    • 167 15 -AP LONDON] The racy British ingerie brand Agent Provocateur has agreed to oe bought by private 3quity firm 3i Group pic in i deal worth £60 million *****.8 million), the company said on Fhursday. The firm's co-founder Joseph Corre, son of ?ashion designer
      -AP  -  167 words
    • 317 15 Reuters It fears substantial recession; sluggish growth may follow [LONDON] The impact of the US mortgage market crisis on the underlying economy could be "dramatic" as leveraged investors may need to scale back lending by up to US$2 trillion, according to investment bank
      – Reuters  -  317 words
    • 452 15 Bloomberg [NEW YORK] Merrill Lynch Co's new chief executive officer John Thain said price drops in the mort-gage-securities market may create "great opportunities" and plans to hire senior managers to bolster the trading division. "On the sales and trading side, we probably
      Bloomberg; AFP FILE PHOTO  -  452 words
    • 563 15 ■NYT Japan needs wider reforms to emulate US finance: critics [TOKYO] Years ago, Japan rose to economic prominence by taking apart American products like cars and television sets to learn how to make them better. Now, as Japan's focus on manufacturing
      ■NYT  -  563 words
    • 354 15 Bloomberg LATEST US DATA [WASHINGTON] Industrial production in the US unexpectedly dropped in October as slowing sales prompted factories to make fewer cars and appliances. Production at manufacturers, mines and utilities fell 0.5 per cent, the most since January, after a
      – Bloomberg  -  354 words

  • MOTORING
    • 844 16 The new GTS was conceived to produce more driver appeal, writes SAMUEL EE APPARENTLY, there are some people who think the Porsche Cayenne isn't dynamic enough. This big SUV model from the German sports car maker is arguably the best-handling sport-utility vehicle in its class. It's
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    • 176 16  -  SAMUEL EE CHEVROLET is becoming cool. The American marque has announced that it will produce a hip city car based on the Beat concept. The brand with the gold bow tie, which is owned by General Motors (GM), said this week at
      176 words
    • 374 16  -  SAMUEL EE THE Porsche Cayenne S may have provided the basic building blocks for the Cayenne GTS, but several tweaks and changes have made the latter a much more dynamic model, more so than even the top-of-the-line Cayenne Turbo. For one, the V8 engine has 5
      374 words
    • 240 16  -  SAMUEL EE THE winner of a design competition organised by Mercedes-Benz created a series of five posters for a branding campaign in which the luxury carmaker demonstrates the hope of designing the perfect car one which considers the environment while embodying high technology
      240 words

  • GOLF
    • 1555 17 Laguna is redeveloping its Classic Course, and has the original designer back for the job, reports JUSTINE MOSS m HEN it comes to golf courses, there's always room for a nip here and a tuck there, whether it's a case of being lengthened or tightened for
      1,555 words
  • Page 17 Advertisements
    • 970 17 Wine&dine with weekendßT Ah Hoi's Kitchen brings back the popular Premium Meat Extravaganza Come sip into flamboyant interpretations of 10 of the Poolside, Level 4 (above Tanglin Mall), Traders Hotel, with offerings of US Kobe Beef, Wagyu, Beef USDA Pan Pacific Singapore world's most popular cocktails as you Eat Drink
      970 words

  • WELLNESS
    • 1258 18 There is growing evidence environmental factors can programme genes that may shift paradigms on how we live, reports EDDIE LEE A SINGAPOREAN friend once told me that when he was studying in New Zealand, he got so tired of eating Western food in the school canteen
      FILE PHOTO  -  1,258 words
    • 777 18 Beat stress and ageing by modifying your lifestyle and dietary habits. CHEAH UI-HOON reports YOU have not been sleeping well, work is constantly on your mind and you have even had heart palpitations or eczema breakouts. You have seen a doctor. And all he can
      UANHE ZAOBAO  -  777 words
  • Page 18 Miscellaneous
    • 364 18 CRYPTIC CROSSWORD [1 j2 I 13 I |4 I 15 M~ I p I [8 I I pi i^Bio-i^^ in i^^ B^^B H I H H H ACROSS 5 Raising one's hat to a 1 Is adrift at sea, needing girl presents a problem (7) immediate help (5,3) 6 Given
      364 words

  • SHOPPING
    • 1213 19 The iconic designer opens a 12-storey tower in the heart of Ginza as a 'beacon' for his brands in Japan and the world, reports JAIME EE JAPAN may not be the powerhouse guzzler of designer luxury that it once was, but any signs of a
      1,213 words
    • 829 19 The latest handsets may soon replace dedicated media players, reports CHRISTOPHER LIM CARRYING your music collection with you on the go isn't anything new. Portable media players have been around for some time now and most no longer just play music, but also handle
      829 words

  • PERSONAL SPACE
    • 1200 20 Couple who moved to Spore from Russia have leased state land next to their house and turned it into a garden, writes CHEAH UI-HOON T'S not every day in Singapore that you find 17,000 square feet of green and open space next to your house
      PHOTOS BY ARTHUR LEE  -  1,200 words

  • The Business Times weekend
    • 752 21  -  Geoffrey Eu Indulge in a spread of mouth-watering recipes from fine and rare cookery books that even Julia Childs will approve of. BT Weekend brings you a sampling menu of unusual publications that will whet your appetite and inspire you to whip up a titillating meal
      752 words
    • 540 21  -  Geoffrey Eu THEY jokingly refer to themselves as the unofficial Queens of Keong Saik Road, but given the colourful past of the Chinatown street in question it's a title that is likely to raise some eyebrows. Then, again, titles are exactly what Sally Tsai, Karin Chan
      YEN MENG JIIN  -  540 words
    • 268 21  -  Jaime Ee HEALTHY cuisine has never looked better than in the Peninsula Hotel group's latest publication, Naturally Peninsula Tea Flavours. Even if you're not a health freak, this new cookbook is a pleasure to browse through for its sumptuous pictures taken by Singaporean
      268 words
    • 516 21  -  JAIME EE YOU can always trust Christina Ong to do things with style. She's done it with fashion (Club 21), wellness (through COMO Shambhala), hotels (COMO Hotels and Resorts), and it's the same with her latest project, SuperNature a high-end organic store that
      516 words
  • Page 21 Miscellaneous