The Business Times, 30 November 2007

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Microfilm: NL28570
Total Pages: 36
1 36 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 coregnnoi9B4o2B6Be mica (p) 202/12/2006 Friday, November 30,2007
    22 words
  • Article
    Lock icon Private banks turn cautious on S'pore hiring
    815 1  -  MATTHEW PHAN Sub-prime crisis, keen competition and cost increases are changing the game 3y [SINGAPORE] Private banks are growing cautious about taking on staff here, with headquarters hit by massive write-downs from the sub-prime crisis in the US, sources say. "The banks won't
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  • Article, Illustration
    Lock icon Tharman to take over as finance minister
    459 1  -  MICHELLE QUAH PM Lee will give up his finance portfolio tomorrow By [SINGAPORE] There will be a new Finance Minister tomorrow when Prime Minister Lee Hsien Loong gives up his concurrent post and Second Minister for Finance Tharman Shanmugaratnam is appointed in his
    FILE PHOTO  -  459 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      46 1 lursday 1,374.32 lange +7.74 I COMP IIKKEI225 15,513.74 +359.96 IANG SENG 28,482.54 +1111.30 ;et INDEX 844.80 +24.28 JAKARTA COMP 2,699.82 +27.92 1ANILA COMP 3,578.55 +41.55 ;eoulcomp 1,877.56 +42.87 ;henzhen B 664.66 +30.09 IUMBAI IND 19,003.26 +64.39 1100AM EDT Change 13,270.35 -18.94 )OW IASDAQ 2,660.95 -1.96
      46 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.00 INDONESIA 15.527 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.50 CANADA 6.25 SWITZERLAND 3.99 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      40 1 US$ (S$ per US$) 1.447 (USS/SS per 2.071 2.997 EURO(US$/S$/E) 1.480 2.143 EN 109.80 75.90 RM 3.370 2.328 HK$ 7.787 5.380 BAHT 33.85 23.39 RUPIAH 9,382 6,482 RENMINBI 7.381 5.100 INDIAN RUPEE 39.72 27.44 1.130 0.781 NZ$ 1.296 0.895
      40 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      109 1 PROPERTY fF^ El^S^Hliß^ STOCKS COMPANIES SUB-PRIME SLA auctions off I Asian markets Cerebos Pacific pays CRISIS 6 sites for $30.6 m I rally on US surge generous dividend Bear Steams to cut PAGE 14 MM CTMSItI PAGE 2 PAGE 4 650 jobs PAGE 20 EXECUTIVE LIFESTYLE '"N^ r^^k Dollars and
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Telecoms anti-trust ruling: STT confident of good outcome
        78 2 THE Indonesian lawyer for Singapore Technologies Telemedia is confident that the ruling against its Indosat investment will be nullified. According to Ignatius Andy, counsel for STT, wholly owned by Temasek Holdings, the case has wider implications because of the impact on foreign
        78 words
      • Article
        Lock icon Cerebos plans bonus payout as earnings surge 21 %
        81 2 Cerebos plans bonus payout as earnings surge 21 CEREBOS Pacific yesterday announced it would pay its shareholders a generous dividend of 25 cents a share comprising a first and final dividend of 6 cents a share, and a bonus dividend of another 19 cents a share. This came as the
        81 words
      • Article
        Lock icon MI-Reit acquires office, warehouse building for $25m
        68 2 MACARTHURCOOK Industrial Reit has signed an agreement to acquire an office and warehouse facility in the Tai Seng industrial precinct for $25 million. The property was transacted at the initial yield of 7.3 per cent, and will be accretive to MI-Reit's distribution per
        68 words
      • Article
        Lock icon SLA auctions off 6 infill sites for $30.6m
        71 2 THE Singapore Land Authority yesterday auctioned off six 99-year leasehold residential land parcels for some $30.6 million in all but some of the sites went for bargain prices. A 16,690 sq ft good class bungalow site at Eng Neo Avenue was picked
        71 words
      • Article
        Lock icon Fed reports slower growth in most US districts
        58 2 THE US Federal Reserve said economic growth slowed in seven of 12 US regions, with retailers "slightly pessimistic" about year-end holiday sales. "The national economy continued to expand during the survey period of October through mid-November but at a reduced pace," its
        58 words
      • Article
        Lock icon Ping An Insurance pays I.8b euros for Fortis stake
        56 2 PING An Insurance (Group) Co, China's No 2 life insurer, has paid 1.81 billion euros (S$3.86 billion) for a 4.2 per cent stake in Europe's Fortis, the latest example of a Chinese entity making a major investment in a foreign financial
        56 words
      • Article
        Lock icon Indian state scraps urban land law; property stocks surge
        46 2 MAHARASHTRA, India's richest state, has scrapped a law that controls urban land holdings, potentially freeing up large tracts of prime real estate in Mumbai, a move which sent shares of property firms up sharply. INDIA, PAGE 19
        46 words
    • Article
      Lock icon Wednesday's thunderous rally brings hope to Wall St
      664 2  -  Mr Briggs said. Fed vice-chairman's remarks seen as hint of a possible rate cut on Dec 11 From ANDREW MARKS in New York THERE are bounce-back days that only bring a little relief amid a correction. And then there are days like
      664 words
    • Article, Illustration
      Lock icon Asian markets echo US surge
      445 2 AP, Reuters Improving sentiment [HONG KONG] Asian stocks rallied yesterday, tracking an overnight surge on Wall Street amid a brightening outlook for the US economy a key export market for Asian companies. Investors took heart after the Dow Jones industrial average mustered its biggest two-day
      – AP, Reuters; Bloomberg  -  445 words
    • Article, Illustration
      Lock icon China mega fund may go for distressed stocks
      514 3 Bloomberg, Reuters [BEIJING] China Investment Corp, the nation's US$2OO billion sovereign wealth fund, signalled that it may invest in stocks rocked by sub-prime mortgage defaults. "CIC wants to be a stabilising force in the international capital markets," chairman Lou Jiwei told a
      – Bloomberg, Reuters  -  514 words
    • Article
      Lock icon Asia yet to feel full sub-prime impact: Stanchart exec
      524 3  -  CONRAD TAN Bj [SINGAPORE] Asia and the rest of the world have yet to see the full impact of the fallout from the collapse of the US sub-prime mortgage market, the South-east Asia head of Standard Chartered said yesterday. Ray Ferguson,
      524 words
    • Article
      Lock icon Telecoms anti-trust ruling: STT confident of good outcome
      572 3  -  SIOW LI SEN Its Jakarta lawyer thinks ruling will be nullified by district and supreme courts By [SINGAPORE] The Indonesian lawyer for Singapore Technologies Telemedia (STT) is confident that the ruling against its Indosat investment will be nullified. According to Ignatius Andy,
      572 words
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      Lock icon Page 2 Advertisements Column 1
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      Lock icon Page 2 Advertisements Column 2
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      95 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      20 3 Leberecht %h. Una M. For quality teddy bears and J soft toys! Jt *ii*Jlliii^) 23 Bussohah Street, Singafose *****1 www.sashaßbeora.com.Bg
      20 words
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      Lock icon Page 3 Advertisements Column 2
      76 3 Antonio Stradivari, 1720 If fct 0% WAIT FJ BENJAMIN Exclusive Distributor and Service Centre Tel: +65 6737 3786 Website: www.fjbenjamin.com Available at all authorised retailers: CORTINA WATCH ESPACE Millenia Walk Tel: 6339 1728 CORTINA WATCH Paragon Tel: 6235 0084 Raffles City Tel: 6339 9185 SINCERE HAUTE HORLOGERIE Hilton Hotel Tel:
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Cerebos: Healthy earnings, generous dividend
      536 4  -  YEN SREENIVASAN Group announces 25-cent dividend as net profit jumps 21%t0584.4m 3y HEALTH supplements and food products group Cerebos Pacific yesterday announced it would pay its shareholders a generous dividend of 25 cents a share comprising a first and final diviiend of six cents a
      536 words
    • Article, Illustration
      Lock icon Hyflux sees steady pipeline of China water projects
      459 4 Reuters CEO expects 2 deals a month for 5 years on strong demand [SINGAPORE] Singa-pore-listed water treatment firm Hyflux expects to dinch two water treatment projects per month on average in China for at least the next five years, its chief said
      – Reuters  -  459 words
    • Article
      Lock icon Investors wise up to China deals, profit guarantees
      752 4  -  R SIVANITHY HOCK LOCK SIEW By THERE was a time not so long ago when all it took to send a penny stock's price surging was an announcement of a large China deal, sometimes with a generous profit guarantee. These stories, when
      752 words
    • Article
      Lock icon Time Watch launches outlet in Singapore
      303 6  -  NISHA RAMCHANDANI New shop is its first outside China and will be springboard to South-east Asia By SESDAQ-LISTED Time Watch Investments launched its first outlet outside China in Singapore yesterday, and plans to use the island as a springboard to enter Malaysia and other
      303 words
    • Article
      Lock icon MI-Reit acquires office, warehouse building for $25m
      315 6 Powermatic will lease back the property for 5 years MACARTHURCOOK Industrial Reit (MI-Reit) has signed an agreement to acquire an office and warehouse facility in the Tai Seng industrial precinct for $25 million. Under the agreement, Powermatic Data Systems, which is listed on
      315 words
    • Article, Illustration
      Lock icon Raffles Edu plans $200m acquisitions a year
      347 6 Reuters SINGAPORE-LISTED private education provider Raffles Education plans $200 million worth of acquisitions per year for the next three years, hoping this will drive 40 per cent annual profit growth, its chief said yesterday. The firm, which aims to buy three to four
      – Reuters; FILE PHOTO  -  347 words
    • Article
      Lock icon MapletreeLog buys Japan warehouse
      241 6 A WHOLLY-OWNED subsidiary of Mapletree Logistics Trust (MapletreeLog) has entered into a conditional agreement to buy a warehouse in Sapporo, Japan for 1.45 billion yen ($19.1 million). The seller is Real Cierto, which develops various types property including apartments, offices and shopping centres. The four-storey warehouse
      241 words
    • Article
      Lock icon 25.2 m Star Hub shares sold in married trade
      288 6  -  > SIOW LI SEN By AN institutional investor yesterday sold more than 25 million Star Hub shares at $2.91 a share, netting $73.4 million. The sale price was at a discount oi 4.3 per cent from Wednesday's closing price of $3.04.
      288 words
    • COMPANY BRIEFS
      • Article
        Lock icon PNE Industries earnings jump 35%
        63 8 PNE Industries reported a 35 per cent increase in net profit to $4.2 million from $3.1 million previously. Revenue rose $7.4 million to $78.9 miUion from $71.5 million the year before. Profit margin, however, fell to 18.2 per cent from 20.6 per cent the year
        63 words
      • Article
        Lock icon Craft Print sinks into the red
        52 8 CRAFT Print fell to a $697,000 loss from a $877,000 profit the year before. This came on a small 3.3 per cent increase in revenue from $32.2 million to $33.3 million. Loss per share amounted to 0.62 cent from earnings of 0.78 cent per
        52 words
      • Article
        Lock icon Tuan Sing promotes William Liem to CEO
        67 8 TUAN Sing yesterday announced that William Liem would be promoted to chief executive officer with effect from Jan 1, 2008. Tuan Sing's current CEO, David Lee Kay Tuan, who is concurrently the managing director and CEO of its unit SP Corporation, will concentrate
        67 words
      • Article
        Lock icon Union Steel proposes warrants rights issue
        44 8 UNION Steel Holdings is proposing a renounceable non-underwritten one-for-five warrants rights issue at a price of three cents per warrant. Each warrant entitles the holder to subscribe for one new share at the exercise price of 12 cents.
        44 words
    • Article
      Lock icon Guangzhao expects better results this year
      591 8  -  LYNETTE KHOO It cites growth in main business of using poplar trees for pulp and timber By GUANGZHAO Industrial Forest Bio-Technology Group said it expects its earnings this year to be stronger than a year ago, thanks to sturdy growth in its main business
      591 words
    • Article
      Lock icon Marco Polo net profit up 56%
      347 8  -  VINCENT WEE By NEW Sesdaq listing Marco Polo Marine has announced a strong set of results for its current financial year ended Sept 30, posting a 56 per cent profit rise to $8.4 million from $5.4 million previously. This was on the back of
      347 words
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      Lock icon Page 4 Advertisements Column 1
      217 4 SURRENDER YOURSELF mm1 B 1 m Mr^ "^^tm^ m™^~~ -^31bb- —^bb^^^-*-^--*§5!3?^Bii BBBBBB^f^^^MlBBBB^BB^ BBjH^^^^^jBtj^QB^^^^s.^^i.^^^^^^S^w^-^' GETAWAY PACKAGES IN UNCOMPROMISING LUXURY Transport yourself away from the hustle and bustle of life's responsibilities and make the most of your holidays. Decide on your perfect escape and let it be an experience, a journey, your
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      Lock icon Page 4 Advertisements Column 2
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      287 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
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      423 words
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      Lock icon Page 7 Advertisements Column 1
      121 7 m^ m^ r^Si SS •^H^nn —i- 7 *Price includes COE and GST. +Terms and conditions apply. Servicing package for the first 3 years or 90,000 km. For more information visit www.porsche.com.sg Better to invest once in a great love than to constantly shell out for endless affairs. The new Cayenne.
      121 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      231 8 Invest now! PULSES, SGX's investment magazine, will be relaunched next month. The rejuvenated monthly will be produced entirely by The Business Times. 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 at $56.10
      231 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
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      98 words
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      582 10 B&> X 'V. HBBBBW.^Bfc Bliiiil >(4 r bT4^^ IbVbibl ißkal BIS BHMBlaB»Vfl ~>^ tfl :HIBM BfiHffSS1 i ta r—dH II i 'jtarl P^ fc^^B >A Bh ■w *wm i I«l r. ;m, Br^^^^B HI V^^B Jf ll A i M J' In 11 f B t t" I <BF MM
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon US rate hopes send STI up 108 pts
      518 11  -  R SIVANITHY STOCKS Local index rises in line with Hong Kong, after Wednesday's surge on Wall Street HOPES of a US interest rate cut soon ironically because the latest reports show the US economy to be slowing drastically helped push Wall Street
      Bloomberg  -  518 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      95 11 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 15 2 1 0 0 0 15 2 1 Manufacturing 97 42 66 16 12 14 113 54 80 Commerce 34 28 42 33 )t/Stor/Comms 27 28 Finance 19 19 Construction 16 22
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 11 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 23,764 23,764 107,580 107,580 Manufacturing 329,102 60,174 389,276 397,247 12,676 409,923 Commerce 93,110 7,007 100,117 106,920 1,677 108,597 Tpt/Stor/Comms 169,520 1,314 170,834 434,491 1,029 435,520 Finance 60,295 60,300 648,419 648,420 Construction 92,160 55,041 147,201 33,056
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      217 11 Allgreen 0.48 1.600 +0.040 Ascendasreit 0.81 2.260 +0.030 CapitaComm 0.46 2.280 +0.020 Capita Land 4.48 6.950 +0.200 CapitaMall 0.89 3.200 +0.020 Chart SemiCond 0.56 1.060 +0.010 CityDev 2.72 14.300 +0.200 ComfortDelGro 1.32 1.900 +0.080 Cosco Corp 2.11 6.450 +0.450 Creative Tech 0.16 6.400 +0.100 DBS Grp
      217 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      899 11 Singapore Banks Citigroup Research, Nov 28 ROBUST revenue in face of US slowdown: The Monetary Authority of Singapore's key policy instrument is to maintain the value of the Sing dollar against a trade-weighted basket of currencies within an undisclosed band. With the Sing dollar likely to continue its
      Bloomberg  -  899 words
    • Article, Illustration
      Lock icon Fed spreads cheer to regional markets
      524 11  -  LARRY WEE CURRENCIES ENCOURAGING remarks from a senior US central bank official sparked a sharp turnaround on Wall Street overnight, spreading good cheer all around to Asian financial markets yesterday. After looking over the edge of what was starting to look like a dangerous
      Reuters  -  524 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 11 DAILY
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    • Article, Illustration
      Lock icon UOB SESDAQ INDEX
      3 11
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      48 11 Nov29 VALUE CLOSE -883.00 +489.0 BT OB/OS BT CADI -*****.00 +245.0 BT 10-day MA -*****.00 -88.00 All-SG Equities 956.73 +23.06 SG Equities Elect 102.59 +1.38 SG Equities Fin 2379.79 +80.36 SG Equities Prop 1374.09 +31.26 SIMSCI 422.85 +12.61 SIMSCI Futures 424.30 +14.10 PrimePartnersCI 249.91 +9.66
      48 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 11 VOLUME Centillion 46,354,000 Gen Intl 31,796,000 UOB MBL eCW*****4 31,704,000 Sai ihire 31,167,000 STXPOKW100 27,371,000 Yam izijiam 25,974,000 Star Hub 25,792,000 Yon. inam 25,280,000 *StarCruises 24,829,000 China Horn ixi 24,666,000 VALUE(S) DBS Gr| 288,703,400 UOB 178,738,500 Caj Land 118,141,901 Wilmar 86,672,990 SGX 86,597,600 Sim iTel 78,088,640 STXPOKW100
      61 words
    • Article
      Lock icon RISES
      105 11 BY CENTS CLOSE UP JMH 2750 217.0 5.8 China H 10US$ 2190 130.2 4.3 JSH 1580 115.8 5.3 Jardine C&C 2180 110.0 5.3 DBS Gri 1980 90.0 4.: UOB 1950 80.0 4.3 SGX 1350 70.0 5.5 Kei Con 1300 50.0 4.0 SIA 200 1800 50.0 2.9 Cosco Con 645
      105 words
    • Article
      Lock icon FALLS
      111 11 BY CENTS CLOSE DOWN GLD 10US$ 7960 -86.8 -0.7 SembMar DBeCW/*****0 72 -19.0 -20.9 SGXDBeCW*****1 36 -13.0 -26.5 STI 3400SGAePW*****0 39.5 -12.0 -23.3 STI3500BNPePW*****8 24 -10.5 -30.4 STI 3900BNPePW*****8 44 -10.5 -19.3 Asia Water 50 -10.0 -16.7 STI 3600BNPePW*****8 26.5 -9.0 -25.4 STI 3700BNPePW*****8 30.5 -8.5 -21.8 STI 3800SGAePW*****8
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    • Article
      Lock icon CURRENCIES
      87 11 Wh lere S! stands Nov 29 CHNG CLOSE FR Nov 28 YR 2007 S$ LOW S$ HIGH uss 1.4458 -0.07 1.5479 1.4363 Euro 2.1323 -0.16 2.1639 1.9913 Pounds 2.9859 -0.36 3.1194 2.9323 AS 1.2766 -1.12 1.3555 1.1741 Yen* 1.3134 0.88 1.3821 1.2285 Rupiah* 0.***** -0.55 0.***** 0.***** Baht* 4.2712
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  • SINGAPORE NEWS
    • Article
      Lock icon Mfg firms here bullish on global trade
      353 12  -  LYNETTE KHOO They see it reducing costs and making new markets accessible: survey By MOST Singapore manufacturers look at globalisation as an opportunity to grow their businesses, as it makes new markets more accessible and offers cost savings via outsourcing, a study by
      353 words
    • Article
      Lock icon MDA signs MOU with France's CFI
      212 12 THE Media Development Authority (MDA) of Singapore and Canal France International (CFI) signed a Memorandum of Understanding (MOU) yesterday to foster greater media collaboration as well as strengthen ties between Asia and Europe. CFI is the exclusive operator of French state audiovisual co-operation initiatives
      212 words
    • Article, Illustration
      Lock icon Qatar Airways hires Batey as creative branding partner
      369 12 Agency will develop an international campaign for airline QATAR Airways has appointed Singapore-based Batey Worldwide as its new creative branding partner. Batey will help the rapidly growing Doha-based airline to develop an international campaign to boost its profile. Batey recently lost the
      369 words
    • Article, Illustration
      Lock icon Ho Bee, Banyan Tree win Mipim awards
      345 13 HO BEE Group and Banyan Tree Holdings have won two of the seven categories in the inaugural Mipim Asia Awards held in Hong Kong. Mipim, the Marche international dcs professionnels de l'immobilier, is a real estate and city development fair that also honours
      FILE PHOTO  -  345 words
    • Article
      Lock icon HDB to put Bishan site up for sale
      237 13 THE Housing Board yesterday said that it will release a residential site at Bishan Street 14 for sale by tender. The 129,200 sq ft site has a 4.9 plot ratio giving it a gross floor area of 632,900 sq ft. The site
      237 words
    • Article
      Lock icon IME, Health Stats to jointly develop BP monitor
      259 13 THE Institute of Microelectronics (IME) is joining forces with homegrown biomedical pioneer HealthStats International to develop the second generation of a device that can monitor and analyse blood pressure continuously over a 24--hour period. The collaboration between IME a research institute of
      259 words
    • Article
      Lock icon SLA auctions off 6 infill sites for $30.6m
      382 13  -  i UMA SHANKARI Some of the 99-year leasehold residential land parcels went for bargain prices B) THE Singapore Land Authority (SLA) yesterday auctioned off six 99-year leasehold residential land parcels for some $30.6 million in all but some of the sites went
      382 words
    • Article
      Lock icon JTC awards two industrial sites by tender
      187 13 JTC Corporation said yesterday it has awarded two industrial sites one at Commonwealth and the other in Jalan Tepong. The 120,300 sq ft site at LI Commonwealth Drive/Lane went to WHB Pte Ltd, which submitted the highest of 14 bids received. WHB paid
      187 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon HDB launches new mobile bidding service 'M-bid'
        56 13 HOUSE-HUNTERS can now register, search for properties, bid and track results on their mobile phones with HDB's new mobile bidding service, "M-bid". The board said this is made possible by better mobile capabilities as a result of the 3G networks and the wireless@SG
        56 words
      • Article
        Lock icon Louis Dreyfus gets nod from Sicom to be clearing member
        56 13 SINGAPORE Commodity Exchange (Sicom) granted Louis Dreyfus Commodities Asia Pte Ltd approval in principle for its application be to be a Sicom clearing member-dealer. Louis Dreyfus, which will be Sicom's 16th clearing member, has been a Sicom trade member since
        56 words
    • Article, Illustration
      Lock icon Non-profit bodies in IT initiative
      432 13  -  r WINSTON CHAI B Y WITH questions of mismanagement among charities still looming, some non-profit healthcare bodies are now turning high-tech to improve corporate governance while reducing the mountain of paperwork for doctors and nurses. With support from the Lien Foundation and local IT firm
      432 words
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      118 12 'fcg^ PT BERLIAN LAJU TANKER Tbk ft (The "Company") Domiciled in Jakarta, Indonesia CORRIGENDUM With regards to the Notice to The Extraordinary General Meeting of Shareholders of the Company, which was published on this newspaper dated November 26, 2007, the Board of Directors hereby announce to the Shareholders that there
      118 words
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      Lock icon Page 12 Advertisements Column 2
      251 12 LUXURY BUNGALOWS in Malaysia >^^§ 1 o°/ Enjoy Z/O 9YFApr Guaranteed Rental Returns Over Z_ I l_/\l\vj Malaysia's properties are increasingly catching investors' eyes, especially properties like ours: luxury bungalows in prime locations. Take advantage of the Malaysian Government's open policy for foreign property investors. This Weekend Only! Visit Us
      251 words
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      69 13 I I. 11 I IB BUY/SELL jr jh. Rfc ROLEX/PATEK PHILIPPE Jr BREGUET/PIAGET/AP W T" JL VACHERON IWC JAEGER •#Ol-45A Peninsula Plaza 6334 0155 Cffl»*K) •#O2-90K People's Park Complex 6327 4628 #01-45 Theßencoolen 6333 1921 (fflS,^a^JffiPffi4(S) •#Ol-51 Orchard Plaza 6735 9539 (^^ffiik**) •#Ol-46 Peninsula Plaza 6334 8919 («i»*ffi) .#Ol-44 People's
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      Lock icon Page 13 Advertisements Column 2
      12 13 Lianhe Zaobao may worsen before China's new labour law comes into effect?
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      684 13 I IN THE MATTER OF THE COMPANIES ACT, VOLKSWAGEN FINANCIAL SERVICES SINGAPORE LTD. CHA™ 50 ctcnnnnnnnn inthematterof WWW,UUU,UUU ORCHID TANKERS PTE LTD MULTICURRENCY DEBT ISSUANCE PROGRAMME (Tilimemb^™oluntary SERIES NO. 002 5550,000,000 GUARANTEED liquidation) FLOATING RATE NOTES DUE 2008 (Company R^str*™ No. *****5M4H) NOTICE OF FINAL MEETING Pursuant to Condition 15
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Fed reports slower growth in most US districts
      513 14 Bloomberg Property markets remain depressed with few signs of stabilisation [NEW YORK] The US Federal Reserve said economic growth slowed in seven of 12 US regions, with retailers "slightly pessimistic" about year-end holiday sales. "The national economy continued to expand during the
      Bloomberg; AFP  -  513 words
    • Article
      Lock icon Belt-tightening by lenders in US raises fears of recession
      471 14 -NYT [NEW YORK] Credit flowing to American companies is drying up at a pace not seen in decades, threatening the creation of jobs and the expansion of businesses, while intensifying worries that the economy may be headed for recession. The combined
      -NYT  -  471 words
    • Article
      Lock icon Japan industrial output up 1.6%
      151 14 -AP [TOKYO] Japan's industrial production rose 1.6 per cent in October to a record high, boosted by output of semiconductors and vehicles, the trade ministry said yesterday. Industrial production climbed a seasonally adjusted 1.6 per cent from a month earlier, according to the Ministry of
      -AP  -  151 words
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      315 14 If you are facing any of the following: Slow network or Internet access in your office Concern over the confidentiality and integrity of your data Failure to send/receive emails from important contacts Loss of productivity as a result of virus or spam attacks Uncertainty on security when transacting over Internet
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  • MALAYSIA NEWS
    • Article
      Lock icon Transmile sinks further into the red
      463 15  -  S JAYASANKARAN Airfreight firm posts RMlOOm loss for the 9 months to Sept; revenue down 15% By in Kuala Lumpur DISGRACED Malaysian airfreight operator Transmile has sunk further into the red, raising even more questions about the viability of its business model. The company
      463 words
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      Lock icon Investor group protests Sime Darby's plan to buy stake in Bakun project
      539 15 -AP [KUALA LUMPUR] A Malaysian investor group yesterday protested plans by plantations conglomerate Sime Darby to buy a majority stake in a controversial hydroelectric dam project, warning that it would drain Sime's earnings. Sime Darby earlier this year
      -AP; FILE PHOTO  -  539 words
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      549 15 PPjffl ,®sa Diners Club Card r oapp ac «//64i6 0980 A World of Exclusive Privileges Treats (i^^k Diners Club B^^^BKPPisiißilßffMßSPlMiNlMlKall!^^ JBFv f B^S BjSPHfnfflEßßji b^Um^^^* V^r BV3VB|IIBBBBBJBnBjBKBBjBBBPHJYHBB|BBIvBfIB|B B^IQl BolP^S B^l HJMJKjjyMJMK)lMfifepvt4iWlUHßßUHilfa £^BIL ;■■•;■■..i B^^Hr^l |l7: '■■^';i:--''-"' rv''V' "''"^^^B-'-'' -i "■'i i'l'^^H, --^J^^^^\^@MspP >S^k Indulge in Festive Seduction packages from 14
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  • INDONESIA NEWS
    • Article, Illustration
      Lock icon Matching China, India in growth doable: Jusuf
      643 16 Indonesia just has to fix infrastructure and attract more foreign investment [JAKARTA] Indonesia can achieve a similar growth rate to Asia's economic powerhouses, China and India, provided it fixes its ailing infrastructure and attracts more foreign investment, Vice-President Jusuf Kalla said on Wednesday.
      REUTERS  -  643 words
    • Article
      Lock icon BURSA MALAYSIA
      2380 16 VOL ('000) lov29 RM \&M Realty 1.00 \bricBhd 0.27 \dvance Synergy 0.29 \dventa Bhd 1.50 \eMulti Hldgs 0.28 \ffin Holdings 2.53 \hmad Zaki Resou 5.65 \\c Corp 0.62 \irasia Bhd 1.77 \kn Messaging Te 0.17 \kn Technology 0.64 Alliance Financi 2.88 MuminiumCo 1.24 Amalgamated Ind 0.50 \minvestment Grp
      2,380 words
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      2513 16 S V Holdings Limited Lim Kok Gin Nephews Pte Ltd (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) (Company Registration Number:2oosloBB7H) (Company Registration No. *****0076M) JOINT ANNOUNCMENT PROPOSED ACQUISITION OF THE SCHEME SHARES BY LEVI KOK GIN NEPHEWS PTE LTD BY WAY OF A SCHEME OF
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Ping An Insurance buys stake in Fortis
      517 17 Deal is the latest of major financial investment forays by Chinese companies [HONG KONG] Ping An Insurance (Group) Co, China's No. 2 life insurer, said yesterday it has paid 1.81 billion euros (553.86 billion) for a stake in Europe's Fortis, the latest example
      BLOOMBERG  -  517 words
    • Article
      Lock icon Wen snubs European plea for faster appreciation of the yuan
      480 17 Bloomberg [BEIJING] Chinese Premier Wen Jiabao snubbed a European plea for the yuan to appreciate faster against the euro after two days of talks in Beijing. Within hours of European Central Bank president Jean-Claude Trichet saying that Chinese officials had
      – Bloomberg  -  480 words
    • Article
      Lock icon Beijing's reserves hit USsl.4st
      162 17 Reuters [BEIJING] China's foreign exchange reserves reached U551,455 trillion at the end of October, Zhang Xiaoqiang, deputy head of the National Development and Reform Commission, told reporters yesterday. This implies a US$2l billion increase in the stockpile, the world's largest, over the month of October. On
      – Reuters  -  162 words
    • Article
      Lock icon Temasek sells 80m China Cosco shares
      178 17 Reuters [SINGAPORE/HONG KONG] Singapore investment company Temasek Holdings said yesterday that it had sold 80 million shares in shipping company China Cosco Holdings, its third sale of shares in a Chinese firm this week. A fund manager said that the shares were being offered
      – Reuters  -  178 words
  • Page 17 Advertisements
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      70 17 wSf I Si lk\ id V'P' \~~"^B I LdZSM MACAU Now The Preferred Destination for Meetings £r Incentives Sfea Choose from a wide range of meeting venues with state-of-the-art facilities, brave your selection of EXPERIENCE HAAlaaxftt^y exciting team building activities, and treat your business partners to unique theme parties and
      70 words
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  • INDIA
    • Article, Illustration
      Lock icon Maharashtra state scraps urban land law; property stocks surge
      369 18 Reuters Ruling could free up large tracts of prime real estate in Mumbai [MUMßAl] India's richest state has scrapped a law that controls urban land holdings, potentially freeing up large tracts of prime real estate in the financial hub of Mumbai,
      – Reuters; BLOOMBERG  -  369 words
    • Article
      Lock icon US deal won't hinder nuke tests by India: PM
      372 18 -AFP [NEW DELHI] Prime Minister Manmohan Singh denied a claim by India's opposition leader on Wednesday that a nuclear deal with the United States would block the country from holding future atomic weapons tests. The communists, who typically lend key support
      -AFP  -  372 words
    • Article
      Lock icon Indian funds go global in search of diversification
      476 18 -Reuters Assets expected to triple to USssoob in the next five years [MUMBAI] Indian fund assets could more than triple to US$5OO billion in the next five years, with half of that held in global products as investors seek diversified portfolios, the
      -Reuters  -  476 words
  • Page 18 Advertisements
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      55 18 > BORNEO MOTORS (SINGAPORE) PTE LTD 33 LENGKEE ROAD SINGAPORE *****2. LEXUS SALES TEL: *****288/*****811/*****822/*****833. OPEN MON-SAT: BAM TO 7.30PM. SUN: 10AM TO DOm6O IVIOtOrS 6PM. LEXUS SERVICE CENTRE TEL: *****826/*****827. FAX: *****651. OPEN MON-FRI: BAM TO SPM. SAT: BAM TO 4.30PM. Details and specifications may differ from picture shown,
      55 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Rudd unveils new Australian cabinet
      462 19 Julia Gillard becomes Australia's first woman deputy prime minister [CANBERRA] Australia's centre-left Prime Minis-ter-elect Kevin Rudd named Labor's first ministry in 11 years yesterday, appointing former academic Wayne Swan to the key economic management job as treasurer. Mr Rudd named lawyer Stephen Smith, a one
      462 words
    • Article
      Lock icon GDP growth surges in Q3
      407 19 Reuters LATEST US DATA [WASHINGTON] A surge in inventory-building and robust exports propelled US economic growth ahead at the fastest rate in four years during the third quarter, but a jump in claims for jobless benefits last week underscored the sharp slowdown now under way.
      – Reuters  -  407 words
    • Article
      Lock icon Bear Steams slashing 650 jobs to cut costs
      455 19 AP, Bloomberg, Reuters [NEW YORK] Bear Steams Cos will cut 650 positions, or about 4 per cent of its workforce, in further attempts to reduce costs at the battered investment bank, according to an internal memo obtained on Wednesday by The Associated
      AP, Bloomberg, Reuters  -  455 words
    • Article
      Lock icon Botched coup bid in the Philippines ends, no casualties
      309 19 Reuters [MANILA] The latest coup bid in the Philippines ended yesterday in a military assault on a luxury hotel and a fusillade of shots but no casualties. Elite military and police units stormed the Manila Peninsula Hotel, a plush icon in
      Reuters  -  309 words
    • Article
      Lock icon Beijing to host high-level Japan-China economic talks
      528 19  -  ANTHONY ROWLEY By in Tokyo WHAT is described as the first "high-level economic dialogue" between China and Japan, involving a dozen senior ministers from the two countries, takes place in Beijing this weekend. Organisers said it could result in an important breakthrough in
      528 words
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      1388 19 I f ro M TpAN*!^ rrA°Ap™ IN THE MATTER OF an°^n the J^nER of THE COMPANIES ACT, CAP. 50 ,^tQj!Q§&V STORAGETEK SOUTH ASIA PTE LTD AND /rs3W§BffiMp\ (In Members' Voluntary Liquidation) IN THE MATTER OF !'^"-^sao^x* url?^\ (Company Registration No.: *****8647K) dt TACHING PTE LTD Sp^lllS NOTICEOF R S E
      1,388 words
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  • WORLD
    • Article
      Lock icon Apple to unveil faster version of 3G iPhone next year
      479 20 Bloomberg Prospect may make shoppers put off buying iPhone this year: analyst [SAN FRANCISCO] Apple Inc wiU introduce a version of the iPhone next year that can download from the Internet at a faster rate, AT&T Inc chief executive officer
      Bloomberg  -  479 words
    • Article
      Lock icon Adobe in tie-up with Yahoo for PDF ad service
      353 20 Bloomberg [SAN FRANCISCO] Adobe Systems Inc, expanding into the online advertising market for the first time, began testing a service with Yahoo! Inc to display ads in documents created with Adobe Acrobat. Starting yesterday, publishers can include ads tied to the
      Bloomberg  -  353 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      7645 20 UNIT TRUST FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 1.041/ Star Europe Bond 1 229/ Star Europe Bal 1 Mil Star Asian Tiger li|iv 1 h/31 Star Asia Bond 1 2 58/ Star Asia Balamed 1 "III Star Global Te< hnolo<r,- lurid1* "Jill MultiStFd "'H6/ Star Asia BondiiiSI).
      7,645 words
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      288 20 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. Global lnvestors *-> company regn. no *****7169Z UNIT TRUSTS ABN AMRO Asset Mgt (S'pore) Star Global Te. Inu.li.ir,-1 und 1 "Jill ndia Eqty Fd 1.
      288 words
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  • AVIATION
    • Article, Illustration
      Lock icon American Airlines parent to shed regional carrier
      542 21 NYT Move comes after investor group urges company to improve stock price [NEW YORK] The parent company of American Airlines, AMR, said on Wednesday that it plans to shed its American Eagle regional airline unit, after an investor group called on the company
      NYT; AFP  -  542 words
    • Article
      Lock icon Grand China Air begins Beijing flights
      140 21 Bloomberg [SHANGHAI] Grand China Air, part-owned by US financier George Soros, will start flights from Beijing today, challenging Air China Ltd at the nation's busiest airport. The airline will initially operate three single-aisle Boeing 737-800s from the city before adding larger aircraft next year,
      – Bloomberg  -  140 words
    • Article
      Lock icon Govts ponder flights beyond KL
      136 21 Bloomberg [KUALA LUMPUR] Malaysia's government will discuss with Singapore a plan to let airlines fly to and from cities other than capital Kuala Lumpur, as restrictions ease between the neighbours. "We are going on another round of negotiations to explore the possibility of allowing airlines
      Bloomberg  -  136 words
    • Article
      Lock icon HNA to sell stake in unit
      238 21 Bloomberg [BEIJING] HNA Group, controlled by the government of China's Hainan province, won approval to sell a 49 per cent stake in an airport management unit to overseas investors including Global Infrastructure Partners to help raise capital and finance its expansion. The investors will
      – Bloomberg  -  238 words
    • Article
      Lock icon Bombardier names new CEO, posts 23% rise in Q3 profit
      353 21 AP [TORONTO] Bombardier Inc said on Wednesday that it has named Pierre Beaudoin as its new CEO, taking over from his father, Laurent, who will remain chairman of the global plane and train maker. The move comes as Bombardier reported
      AP  -  353 words
    • Article
      Lock icon SIA increases fuel surcharges from Tuesday
      232 21 [SINGAPORE] Singapore Airlines has increased its fuel surcharge for the fourth time this year in response to soaring jet fuel prices. The company yesterday announced that surcharges on all sectors will rise by between 6 to 19 per cent. The surcharges will be levied
      232 words
    • Article
      Lock icon Virgin aims to double JFK trips
      385 21 ■Bloomberg It will present case to task force studying congestion [WASHINGTON] Virgin America Inc, the start-up airline partly owned by UK billionaire Richard Branson, said that it wants to double flights by next year at New York's John F Kennedy (JFK) airport while rivals
      ■Bloomberg  -  385 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2425 21 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), At 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:
      2,425 words
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  • SHIPPING
    • Article
      Lock icon No need for 'higher standard of care'
      742 22  -  SELVA KUMAR ADMIRALTY CASEBOOK By A US appeals court has ruled that a vessel owner was not liable for the damage his pleasure yacht caused when it dragged its anchors and hit a nearby unmanned dock when Hurricane Frances struck Florida three years
      742 words
    • Article, Illustration
      Lock icon First LNG cargo in Q-Flex tanker for Japan
      412 22 Bloomberg Producers shipping LNG in larger vessels to save costs; Qatar orders 45 tankers [TOKYO] Tohoku Electric Power will receive the first liquefied natural gas cargo transported on a Q-Flex tanker, the world's biggest class, in late December as producers seek to
      – Bloomberg; BLOOMBERG  -  412 words
    • Article
      Lock icon Asian aframax rates rise sharply on winter demand
      284 22 Bloomberg [SINGAPORE] Asian aframax rates posted the biggest gain in eight months as increased demand for December shipments before the Northern Hemisphere winter reduced the supply of ships. The rate to transport 80,000 tonnes of fuel from Kuwait to Singapore, the world's
      – Bloomberg  -  284 words
    • Article
      Lock icon Dry bulk freight rates may stay firm till 2009: STX
      470 22 Near-term peak of Baltic Dry Index seen in Q1 2008 [SINGAPORE] Dry-bulk shipping rates may "stay firm" until at least 2009, after rising to a peak in 2008, on a shortfall of vessels that carry iron ore, coal and other
      – Bloomberg  -  470 words
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      247 22 ON NOTICE TO TRADE q II TRADE SURCHARGE V 1 tr I I The following feeder operators in the Colombo/Chennai sector wish to inform the trade that they are forced to introduce the following Trade Surcharge due to difficult and unacceptable trading circumstances, including ongoing imbalanced trade, poor terminal productivity,
      247 words
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      Lock icon Page 22 Advertisements Column 2
      547 22 SOUTH EASTASIAAND SOUTH ASIA/AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUSINESS PLAN 2008 FROM SOUTH EASTASIAAND SOUTH ASIA TO AUSTRALIA As part of the Business Plan for 2008, Member Lines of the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that the following
      547 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Easing the job-market squeeze
      464 23 ON the face of it, the move looks straightforward enough. Singapore's job market is as tight as a drum, with unemployment at a 10-year low and employers in key areas like construction, marine, manufacturing and services scrambling for workers. So easing the rules on the entry
      464 words
    • Article, Illustration
      Lock icon China state fund plans to bolster weak banks
      1186 23  -  KEITH BRADSHER -NYT Banks have stepped up lending, increasing their exposure if the economy slows down 3y AS governments in the Middle East take big stakes in American companies, China's state-run investment fund has quietly shifted its focus from overseas deals to
      -NYT; AP  -  1,186 words
    • Article, Illustration
      Lock icon Stop having delusions about US as peace maker
      810 23  -  LEON HADAR THE BOTTOM LINE THERE is an element of cognitive dissonance in the way that many members of the reality-based community in Washington tend to approach US policy in the Middle East ridiculing the Bush administration's grandiose plans for remaking Iraq,
      810 words
    • Article, Illustration
      Lock icon A fiscal fight with global warming
      1413 24  -  ABHIJIT GHOSH KILLIAN PATTWELL Governments are taking up cudgels and imposing a raft of swingeing taxes on carbon dioxide emissions 3y and IN EARLY February 2007, a United Nations-sponsored panel, consisting of hundreds of scientists from all over the world, declared that average global
      AFP  -  1,413 words
    • Article
      Lock icon Six key strategies for energy efficiency
      164 24 THE six key strategies of the National Energy Policy Report are as follows: 1. Liberalisation of the national energy market to promote efficiency and encourage innovation amongst energy providers, whilst allowing consumers to choose the most environmentally friendly energy supplier; 2. Diversification of energy
      164 words
    • Article
      Lock icon Level playing field for SMEs regardless of parentage
      318 24 LETTERS TO THE EDITOR I REFER to reported remarks by the chairman of the National Research Foundation, Tony Tan ("Promote local high-tech start-ups: Tony Tan", BT, Nov 28). He said that more needs to be done to grow a technopreneurial eco-system, and
      318 words
    • Article
      Lock icon Since when did resale prices decide cost of HDB flat?
      184 24 I WAS surprised to learn that the new HBD flat prices are to be influenced by resale market prices ("More supply but HDB prices will go up: Mah", BT, Nov 29). I wonder whether "new" HDB prices came down during
      184 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8699 25 Transaction date: Nov 29 52-wks Tel |h Low Code Last Sale Vol CPPP) Hil Day Last Quote |h Low Buyer Seller Div GrYld Net C'vr P/E MCap $mil Hii Com| lan; 3.5 2 5716 1st Software 22 8 3148 8Telecom 34 16.5 5834 A-Sonic 104 98 6389 ABF
      8,699 words
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      Lock icon SGX XTRANET
      80 25 52-Wk Tel High Low Code Last Sale Vol C000] Day Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E $mil Comi J!!! 119 119 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170
      80 words
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      Lock icon SGX SESDAQ
      2083 25 52-Wk Tel High Low Code Com Last Sale Vol Cppp; Day Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E Smil Hil 30 11.5 1181 AAGrp 41.5 19.5 5000 ABR Hldgs 31 21.5 8538 APStrategic 16.5 2.5 1501 Advanced System 70.5 15 1524 Alantac 22.5 8
      2,083 words
    • Article
      Lock icon CLOB INTERNATIONAL
      263 25 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
      263 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      364 26 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov 28 World Index Preliminan 1119.1 1.7 1.7 1.6 0.5 1.4 6.I EAFE Preliminan 1108.5 1.7 0.1 1.3 2.9 1.1 9.: Euro[ Preliminan 1524.3 2.5 2.1 2.2 5.2 2.0 11.1 Pacific 951.4
      364 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      127 26 As at 9am Nov 29 of foreign currency: Currencies Bid Offer Aust dollar 1.2660 1.2810 Can dollar 1.4510 1.4680 Euro 2.1270 2.1510 NZ dollar 1.1030 1.1260 Sterlin mnd 2.9790 3.0110 US dollar 1.4340 1.4510 Local dollars to 100 units of foreign currency: Currencies Bid Offer Chi
      127 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 26 Nov 29 STI ;iMSCI Nov 409.9 425.1 423.3 "aiwan Nov 324.5 334.2 331.9 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon INTERBANK RATES
      160 26 Nov 29 Overnight 1 7/16 1-month 2 5/16 2-months 2 1/2 3-months 2 9/16 Overnight mode: 7/8 USS Offer 1 5/16 2 3/16 2 3/8 2 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 4.90 5.50 5.25 5.23 4.95
      160 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 26 Nov 29 Bid Offer 1-month 1.4425 1.4436 2-months 1.4396 1.4407 3-months 1.4374 1.4386 6-months 1.4304 1.4318 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 26 Nov 29 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2799 1.2814 0.8846 0.8851 Canadian dollar 1.4640 1.4652 1.0118 1.0120 Euro 2.1418 2.1436 1.4803 1.4806 NZ dollar 1.1160 1.1174 0.7713 0.7718 Sterlim 2.9960 2.9984 2.0706 2.071 US dollar 1.4469 1.4478 S$/US$
      153 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      366 26 Nov 29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec07 Mar08 Jun08 Sep08 EUROYEN FUTURES 95.115 95.775 96.200 96.410 0 0 0 0 ***** ***** ***** 8726 Dec07 99.135 99.135 Mar08 99.145 99.160 Jun08 99.150 99.155 Sep08 99.120 99.135 Dec08 99.065 99.080 Mar09 99.025B Jun09 98.950
      366 words
    • Article
      Lock icon SICOM FUTURES
      294 26 Nov 29 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Dec 07 Jan 08 Feb 08 Mar 08 Apr/Jun 08 Jul/Sep 08 355.25 357.00 357.75 359.50 363.00 365.50 RSS 3 (US cents/kg) Month Hig ah Low Sett Volume (tonnes)
      294 words
    • Article
      Lock icon CHICAGO BOT
      103 26 Nov 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 08 1096.75 1091.00 1097.50 1081.00 Mar08 1113.50 1107.75 1114.50 1097.50 May08 1119.75 1114.25 1120.00 1104.50 Jul 08 1122.50 1117.75 1123.00 1108.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 07 46.13 46.30 46.25 45.82 Jan
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Nov 28 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 91.07 -2.28 WTI (Near Mth) 91.38 -3.04 Dubai (1 -Mth F) 86.66 -1.56 Tapis blend 97.25 -1.75 Minas 93.45 -1.75 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 94.10 115.10 -1.95 -0.95 USS/barrel Opec
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      453 26 Nov 29 iuro ren Ion 'eso Earn 'ouni Australia 0.874 6.531 0.598 6.891 35.146 83.012 0.971 8.217 2.982 1.147 54.073 37.845 1.281 6.103 0.985 28.579 29.952 0.427 0.885 Canada 1.144 7.469 0.684 7.880 40.194 94.935 1.111 9.397 3.410 1.312 61.840 43.281 1.465 6.980 1.126 32.684 34.254 0.489
      453 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 26 Nov 29 Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****F 28.02.08 1-Year BY*****A 29.09.08 2.22 2.16 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hie Day's igh Low 2-Year N*****0Z 2.375 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****X
      88 words
    • Article
      Lock icon SIBOR
      76 26 Nov 29 1 mth 5.***** 2.***** 2 mths 5.***** 2.***** 3 mths 5.***** 2.***** 6 mths 4.***** 2.***** 9 mths 4.***** 2.***** 12 mths 4.***** 2.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 2.***** 3 mths 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** SWAP
      76 words
    • Article
      Lock icon PALM OIL
      62 26 Nov 29 Delivery Month Opening Range Sett Av Price Price Hii Vol Open Done Position Low Dec 07 2960 2975 2983 2920 188 2739 Jan 08 2927 2984 2996 2927 842 ***** Feb 08 2930 2990 3001 2927 6960 ***** Mar 08 2935 2985 3001 2935 977 8742
      62 words
    • Article
      Lock icon PRECIOUS METALS
      137 26 Nov 29 (USS/oz) Nov 28 Nov 29 Hong Kong London 799.50 804.50 800.50 805.50 Nov27 Nov28 812.40 797.30 813.10 798.10 Source: Reuters CAST BAR (S$) Nov 29 Buying Sellini Kilobar "40,053.31" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1 oz
      137 words
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      Lock icon LONDON METALS
      71 26 Nov 28\ minimum, 99.7 jrity (USS/tonne) Co Close Previous Cash 2456.00 2455.20 3 months 2510.00 2508.00 Copper, Grade A (USS/tonne) Cash 3 months 6669.50 6715.00 6565.50 6605.00 Lead (USS/tonne) Cash 3022.50 3 months 3030.00 3002.00 3006.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash
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      Lock icon LIFFE
      82 26 Nov 28 (£/tonne) Close Prev Hii ih/Low Dec 07 925 922 Mar 08 959 955 May 08 972 969 Jul 08 988 986 926/919 959/951 973/965 988/982 COFFEE (USS/tonne) Close Pev High/Low Nov 07 2305 2285 2315/2281 Jan 08 1809 1789 1817/1782 Mar 08 1810 1795 1818/1790 May 08
      82 words
    • Article
      Lock icon BONDS & WARRANTS
      2689 26 BONDS WARRANTS rei lode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 1036 Advance SCT Ltd W*****9 32 1 20 1 87 24 3.00 33 5798 Ascendas REIT SGA ECW*****3 11 1.5 7015 1 248 4 1436 AusGroup MBL ECW*****4 12.5
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      229 27 yK^tfllH^ HB^ m. <$M& Amber Residences, where luxury defies JT B^flS PiTll t-l-rf^M [k. \A#. I I II > I'll- I P^fl Ita.S'S^.to, '">l|i: PARKWAY EAST CO Vj^ f^jgpgS ppf PpP gjfff^m definition. With only 114 exclusively designed S^T f '^^tftfwl freehold homes, privileged ownership is an u£on '^ISF^ f
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      2963 28 m THE BUSINESS TIMES Shipping Times m XT^kW RPP 4«G ft I WAN HAI INTERNATIONAL PTE LTD crn0:**********0/r [^v tftW^W KS«J&SSiiiSSSSiI itß!Wfy^rrrifTOTTl'V'rTl,'iiiilß TEL *****588 (14LINES) FAX:*****163 1 WW Z>^l |llFhi\*l ll BHfISffIKSHIHSWHSB \.\M\ IA/AM II Al |NF\ Customer Setvke/Bookin^ Direct Line (1800) *****200 IJM^|H^UMl^l^^^»|^llJ^M B^O.BirX'ii.l'Enyl'rTT'tO V, »»__V riHI LlllbJ PKLtEL:<03)*****853FAX:(03)*****285PENtEL:(04)*****00FAX:(04)*****99
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      2875 29 Jf X' :k.\ *f'f I m r\ jilA^ljiljKlN LAX LJiNiIK., LIU Si t£J LEj IS -jr//fitf O GIST/ C^ jf/j Nfe^ II -"^^L", |f-^—i SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS~| WEEKLY EXPRESS SAILING SCHEDULE I /V^^ rif fc?'~^Bjsf Pm^*^^^ Rainp(KT) Liltina(KT) SIN PKL ~PNN JKT LCB BTG "tfj
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      6128 30 PSJI H H H 1 R llgg ANDERSEN M6s'™^Z I Fiji GLORY NAVIGATION GROUpI ■|IZp7|l t^M Kg shipping companyX 70 Shenton Way, #21-03 Marina House Singapore *****8 %3LW% m^j^M NORTH WEST EXPRESS LINE I (since wo) l^^^^^llj^^j^jj^lJjjj^j^j^iy^^gilJQ^jj/i nunin vycoi tArrtoo lime owns operates the youngest fleet Imi! MONTHLY SERVICE TO
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  • executive lifestyle
    • Article, Illustration
      Lock icon Dollars and sense of film financing
      1367 31 Financial institutions and private investors are pouring money into multi-million-dollar film funds and the pattern has extended to Asia as well, writes GEOFFREY EU MOVIES may be pure entertainment but financing them is serious business, and as movie-making opportunities increase in Singapore and other
      1,367 words
  • Page 31 Miscellaneous
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  • PROFILE/BOOKS
    • Article, Illustration
      Lock icon Seeing the art in others is part of his job
      1230 32 Cassian Elwes helps filmmakers think bigger and gets independent projects going, reports PARVATHI NAYAR HERE was this I leading to? I'd constantly ask myself this question while sitting on a film set with a US$2OO,OOO budget and wondering, as the
      YEN MENG JIIN  -  1,230 words
    • Article, Illustration
      Lock icon A good, hard look at the Singaporean identity
      866 32  -  NORMAN VASU Responding to Globalization: Nation, Culture and Identity in Singapore By Selvaraj Velayutham Publisher: Institute of Southeast Asian Studies, Singapore (2007) Pages: 239 pages Price: $39.90 Rating: A- Reviewed by IN Singapore, often when I meet someone for the first time,
      866 words
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  • MUSIC/CINEMA
    • Article, Illustration
      Lock icon Guitarist with a mission
      1018 33 Mah Chia Chu may be our best hope for a win in next week's competition, reports CHRISTOPHER LIM THE last two International Guitar Competitions held here since 2005 haven't gone well for local classical guitarists, with the semi-finals being as far as any Singaporean has got
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    • Article, Illustration
      Lock icon This Hitman misses the target big time
      542 33  -  GEOFFREY EU By BAR code tattooed onto the back of a shaved head isn't quite as discreet (or believable) as simply having a licence to kill, but in Hitman, it is proof of purchase and indisputable evidence that its owner belongs to a
      542 words
    • Article, Illustration
      Lock icon Pretty undemanding popcorn fare
      415 33  -  PARVATHI NAYAR DVD By [F you wanted to tack a superlative to director Lee Tamahori's film Next, you sould call it the worst ever Philip X Dick adaptation to celluloid, though Ben Affleck's Paycheck would give it a good run for its money. Next deals with
      415 words
    • Article, Illustration
      Lock icon Underground music scene yields gem
      555 33  -  CHRISTOPHER LIM CD REVIEW 23 Blonde Redhead 4ad/Ada Rating: B+ By1 OVER the past few years there's been an encouraging number of fringe musicians getting very respectable mainstream exposure. Blonde Redhead is one of this year's more gratifying examples, with the trio emerging from the
      555 words
  • Page 33 Miscellaneous
    • Miscellaneous
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      309 33 CRYPTIC CROSSWORD :i:i:rp:i:i: zizizdzlzpziziz ACROSS 3 See modern fortress (9) I Having put on too much 4 The man had included work rouge appears embarrassed as expected (5) (3,2,3,4) 5 Moved impatiently for the 9 Rear Admiral in front of ship most part for ruffle (7) seen after shower (7)
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  • ARTS
    • Article, Illustration
      Lock icon Earning a iving from the writing
      1097 34 SWF's forum next week will offer the literary community here a chance to network and build relationships, writes PARVATHI NAYAR THE newest iteration of the Singapore Writers Festival (SWF) opens tonight, and will host an inaugural symposium that looks at the flip non-cre-ative side
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      Lock icon The relevance of biennales
      967 34  -  PARVATHI NAYAR By THE year 2008 is a significant one for Asia, and not just because of the Beijing Olympics. In the field of visual arts, there are at least seven major biennales/triennials scheduled in vari3us cities in the region, including the second Singapore Biennale right
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    • Article, Illustration
      Lock icon artBEAT
      678 34  -  PARVATHI NAYAR Eclectic Indian art THE title Coast to Coast-An Exhibition of Contemporary Indian Art, derives from the expansive geography of the featured artists: they hail from the Coromandel Coast to the Bay of Bengal. The show includes over 40 names such as Paritosh Sen (right), Dhiraj Choudhury and
      678 words
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  • CLIPPER ROUND THE WORLD RACE
    • Article, Illustration
      Lock icon A calm start before the storm
      927 35 After the first day of light air, the wind picked up and the rough sea caused some sea sickness in the crew, writes VINCENT WEE AS IRONY would have it, the start of the leg which has the most fearsome reputation for strong winds
      ONEDITIOI1  -  927 words
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      47 35 POSITION TEAMS POINTS 1 Glasgow:Scotland with style 21 2 Liverpool 08 20.5 3 Hull Humber 18 4 Durban 2010 and Beyond 17 5 New York 13.5 6 Nova Scotia 12.5 7 Qingdao 11.5 8 westernaustralia2011 .com 11 9 Uniquely Singapore 9 10 Jamaica 3.5 Compiled by BT
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      71 35 This series on Uniquely Singapore's adventures in the Clipper 07-08 Round the World Yacht Race is brought to you by nW'Mi THE BUSINESS TIMES Business Times journalist Vincent Wee, who did a circumnavigation on Uniquely Singapore Clipper in the 2005-2006 race and reported from onboard the boat in the first
      71 words
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  • NIGHT OUT/WINE
    • Article, Illustration
      Lock icon Partying for a good cause
      634 36 CHIJ alumni to turn reunion bash into a big charity event, complete with good food, wine and music, reports CHRISTOPHER LIM m HAT do you think a typical class reunion involves? Some food and wine plus, perhaps, at least a round or two of proud
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    • Article
      Lock icon A closer look at Barolo
      930 36  -  N X YONG By IT used to be said that you could divide Barolo producers into (A) traditional, and (B) modern. Traditionally, Barolo was aged for minimum of five years in large foudres for regular Barolos, and seven for the Riserva. The resulting wines took
      930 words
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      72 36 ■JU] UUIUU [UUtLiU l UU |t!U IUU^UU I L"J I UUIUUI ULII LIJ I L'J j UU^ L'J L'J l UUI L"J L"J I L'J UUI ULII ULII L KJ I L"J L"J l UU Utl I L"J I U*J I L"J L"J E i|L liiL'jpiL'jiL lj|L lj|Lm'jp|L^ mm iiiiiiiiiiiiiiiiiiiiiiiiiiii
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