The Business Times, 30 September 2008

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Microfilm: NL29476
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg «v a Singapore press holdings publication co regn no *****2868E mica (p) 197/08/2008 Tuesday, September 30,2008
    25 words
  • Article
    Lock icon Europe scrambles to fight financial fires
    838 1 Markets reel as European financial institutions are pushed over the brink; central banks pump in massive amounts of funds to boost liquidity [WASHINGTON/BRUSSELS /FRANKFURT/LONDON] A swathe of bank rescue deals was mounted in Europe yesterday as several major financial institutions were tipped over the
    838 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 16.042 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.53 INDIA 13.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      44 1 lorn iam 1COMP 1,019.72 -0.81 IIKKEI225 11,743.61 -149.55 1ANG SENG 17,880.68 -801.41 ;et index 601.29 -17.68 JAKARTA COM P 1,832.51 -13.58 IANILACOMP 2,607.58 +10.35 ;eoulcomp 1,456.36 -19.97 IHENZHEN B 311.30 +4.57 IUMBAI IND 12,595.75 -506.43 12N00NEDT Cham )OW 10,877.58 -265.55 IASDAQ 2,088.85 -94.49
      44 words
    • Article
      Lock icon FOREX
      40 1 IS$ (S$ per US$) 1.434 (US$/S$ per 1.812 2.598 :URO (US$/S$/E) 1.436 2.059 'EN 106.10 74.00 3.447 2.403 IK$ 7.772 5.419 !AHT 34.11 23.78 lUPIAH 9,435 6,579 lENMINBI 6.845 4.773 INDIAN RUPEE 46.96 32.74 1.223 0.853 IZ$ 1.475 1.029
      40 words
  • Article, Illustration
    Lock icon US bailout plan fails to relieve bourse panic
    523 1  -  ANDREW MARKS Mood is dour with more news of contagion spreading By in New York WALL Street may be breathing a sigh of relief over the US government's tentative US$7OO billion plan to bail out the financial sector, but it is hard
    AFP graphic  -  523 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      48 1 PROPERTY JAIME EE tSaSSSI SME Inc BE INSPIRED I WT\ Capita Land chiefs A great Fl! Making waves in Zap for daily inspiration. defend strategy Can't wait for next tj [jjß^Ca the water industry Win a Nikon Digital page3l years page 12 K^B^^^^^KB PAGEI3 Camera! page 24 L-^^—
      48 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      48 1 US govt helps Citigroup take over Wachovia, Page 4 Investment banks get USs37b from AIG bailout loans. Page 4 Editorial: It's not a failure of capitalism. Page 22 <•■ Leon Hadar: Tortuous route to USs7oob bailout. Page 23 Anthony Rowley: Paulson Package no panacea for US crisis. Page 23
      48 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Worried banks put hiring in the freezer
      808 2  -  OH BOON PING Caution driven by recent collapses but some segments are still unaffected By [SINGAPORE] Hiring activity at a number of banks here appeared to have dropped sharply, as job losses worldwide continue to mount since the start of the financial turmoil.
      808 words
    • Article
      Lock icon Power tariffs shoot up on oil price spike
      620 2  -  RONNIE LIM Average hike of almost 22%; EMA thinks divestment of gencos will help By [SINGAPORE] Electricity tariffs for the coming Octo-ber-December quarter will go up by more than 20 per cent, according to Singapore Power subsidiary SP Services, which supplies electricity
      620 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Rescue deals mounted for banks in Europe
        66 2 A SWATHE of bank rescue deals was mounted in Europe yesterday as several major mortgage banks were tipped over the brink by the growing global credit crunch. Compounding the fears were anxiety over whether a tentative US$7OO billion bailout of the US financial
        66 words
      • Article
        Lock icon Worried banks put hiring in the freezer
        66 2 HIRING activity at a number of banks in Singapore appeared to have dropped sharply, as job losses worldwide continue to mount since the start of the financial turmoil. Headhunters told BT that many financial institutions have frozen their headcount in the short term,
        66 words
      • Article
        Lock icon Power tariffs shoot up on oil price spike
        63 2 ELECTRICITY tariffs for the coming October-December quarter will go up by more than 20 per cent, according to Singapore Power subsidiary SP Services, which supplies electricity to some industrial customers as well as all households here. This is the highest quarterly increase
        63 words
      • Article
        Lock icon Investment banks get US$37b from AIG bailout loans
        71 2 AS much as US$37 billion from federal bailout loans to American International Group has gone to investment banks including Goldman Sachs, the firm that Treasury Secretary Henry Paulson used to run. Without the government money, Goldman, Merrill Lynch, Morgan Stanley, Deutsche Bank
        71 words
      • Article
        Lock icon KTT dives again, taking two-day loss to 60%
        84 2 SHARES of Keppel Telecommunications and Transportation continued to plunge yesterday sinking 27.66 per cent, after Friday's 43.9 per cent dive on sales by substantial shareholder Kapital Asia Pte Ltd, sources said. The two days of sales have wiped $1.4 billion off the
        84 words
      • Article
        Lock icon UOB Kay Hian is top IPO underwriter
        53 2 UOB Kay Hian is king in the IPO underwriters market this year, conquering more than a third of the market thus far, data from Bloomberg showed. The brokerage holds a strong 36.1 per cent market share for the nine months ended September. COMPANY
        53 words
      • Article
        Lock icon US investment income in Singapore jumps 24%
        68 2 ALTHOUGH growth in US direct investments in Singapore is slipping behind elsewhere in Asia, there is no let-up in the returns here the investment income of US multinationals continues to surge. Income from US investments here jumped 24.3 per cent from 2006 to
        68 words
      • Article
        Lock icon Ping An drops on concern over Fortis stake loss
        68 2 PING AN Insurance (Group), China's second-largest insurer, had its biggest two-day drop in more than four years in Hong Kong trading after saying that it may make further provisions for losses from its stake in Fortis. The shares lost 11 per
        68 words
      • Article
        Lock icon Capita Land chiefs defend group's strategy
        77 2 AMIDST a raft of downgrades by analysts and a slump in the company's share price, Capita Land's top brass have defended the group's strategy. "We are a company that's much stronger than when we first started in terms of our balance sheet. We've also
        77 words
  • Page 2 Advertisements
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      108 words
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  • Page 3 Advertisements
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      287 3 31<02 *****0 ***** Valid Thru Member Since rr J I 'i% I lll^Hrapi j 3~1b2 *****0 ***** E I Valid Thru Member Since You like to stay ahead. To be at the top of the game. And are constantly of the Series, is specially designed for you. Reserved for the
      287 words
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  • FINANCIAL CRISIS
    • Article
      Lock icon Cleaning out the muck
      497 4  -  EDWARD HADAS Counting the cost of rescuing leading financial institutions in US and Europe By THE Augean stables were so full of muck that no ordinary mortal could clean them. Hercules was able to perform this labour in a single day by diverting two rivers. Governments
      497 words
    • Article, Illustration
      Lock icon US govt helps Citigroup take over Wachovia
      485 4 o AFP, Bloomberg [WASHINGTON] US authorities said yesterday that they had facilitated a takeover of Wachovia's banking operations by Citigroup in a deal that gives the government a stake in one of the nation's biggest banks. The Federal Deposit Insurance Corp made the
      —-- o ' AFP, Bloomberg; REUTERS  -  485 words
    • Article
      Lock icon Investment banks get US$37b from AIG bailout loans
      450 4 -Bloomberg, Reuters AIG credit line shows how USs7oob bailout may work [NEW YORK] As much as US$37 billion from federal bailout loans to American International Group (AIG) has gone to investment banks including Goldman Sachs Group, the firm that Treasury Secretary Henry
      -Bloomberg, Reuters  -  450 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      2463 4 P breaking .com A MAIS kT/^XTTT/^TC JL^I \*J JL JLV^> JLj k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg f ==fr THE COMPANIES ACT (CAP. 50) IN THE MATTER OF THE COMPANIES ACT (CAP. 50) g£. Statutory Declaration by Directors of Company's inability to AND <3jJ LASSETERS INTERNATIONAL HOLDINGS LIMITED LEHMANBROTHERS
      2,463 words
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      155 5 /our satisfaction is our greatest reward At HSBC we constantly strive to satisfy our customers by investing in our people, processes, and technologies.The various public awards we receive naturally make us proud. But nothing gives us more pleasure than satisfying over 100 million customers across 85 markets worldwide. Awards won
      155 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Enthusiasm for US rescue plan fades
      615 6  -  CONRAD TAN STOCKS Worries over economic outlook and earnings knock commodity and property stocks STOCKS here fell yesterday, after initial relief at progress in US plans for a sweeping rescue of the financial sector quickly gave way to gloom over the longer-term economic outlook.
      : Bloomberg  -  615 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      92 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 10 2 0 0 0 3 10 2 lanufacturing 26 83 53 11 34 88 64 Commerce 11 32 21 15 37 22 'pt/Stor/Comms 26 28 :inance 27 27 Construction 10 'roperties 25 25 lotels/Rsts
      92 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 17,568 17,568 67,578 67,578 lanufacturing 265,878 15,556 281,434 168,123 685 168,808 lommerce 64,392 16,417 80,809 59,628 2,876 62,503 'pt/Stor/Comms 96,492 140 96,632 176,726 23 176,749 :i nance 40,740 40,740 350,567 350,567 lonstruction 14,996 27,771 42,767 1,915 768 2,683 'roperties
      116 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 6 lapitaLand 3.260 -0.140 lapitaMall 2.310 +0.060 jtyDev 8.600 -0.550 losco Corp 1.590 -0.090 IBS Grp 16.900 -0.020 :&N 3.630 -0.080 Sent Intl 0.450 -0.010 iolden Agri 0.335 -0.030 IK Land 3.030 -0.040 IMH 27.400 ISH 14.140 +0.080 lardineC&C 14.800 -0.520 Ceppel Corp 7.970 -0.260 Ceppel Land
      106 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      827 6  -  CHOW PENN NEE Banking Sector DMG Partners Securities, Sept 29 Source: SPIKE in Sibor a marginal positive: The three-month Singapore Interbank Offered Rate (Sibor) has risen from 1.23 per cent at end-August 2008 to 2.23 per cent as of Sept 26, 2008. With this spike, the yield curve
      : Bloomberg  -  827 words
    • Article, Illustration
      Lock icon Euro and pound hit by bank fears too
      524 6  -  LARRY WEE CURRENCIES THE US dollar surged across a broad front yesterday, buoyed by news that US lawmakers would shortly approve a modified version of the US Treasury Department's US$7OO billion bailout plan for troubled US financial institutions. The euro and the
      : Reuters  -  524 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 6 CLOSE BT OB/OS -739.00 +208.0 BT CADI -*****.00 -194.0 BT 10-day MA -*****.00 -74.00 FTSE ST Mid Cap 504.63 -20.75 FTSE ST Small Cap 421.77 -11.91 FTSE ST All Share 573.69 -14.37 FTSE ST China Top 242.04 -18.70 FTSE ST China 245.02 -14.43 UOB Catalist 103.73 -0.37
      60 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Golden Agri 65,586,000 China Honqxinq 26,476,000 Sing Tel 22,319,000 Capita Land 20,974,000 ASTI 20,872,000 Noble Grp 20,116,000 Thai Beverage 19,428,000 JiutianC 18,776,000 Cosco Corp 16,079,000 Sapphire 15,741,000 VALUE(S) DBS Grp 116,942,990 UOB 81,805,302 OCBC Bk 78,763,700 Sing Tel 70,650,520 Capita Land 69,511,910 SGX 63,043,720 Keppel Corp
      59 words
    • Article
      Lock icon RISES
      101 6 CLOSE UP STI2800SGAePW*****0 90 19.0 26.8 DBS MBL JCW*****3 455 16.0 3.6 GLD 10US$ 8596 14.3 0.1 lux 256 12.0 4. Pair irm 500 11.5 1.' JSH 1414 11.5 0.6 Creative Tech 520 11.0 2.2 STI 2650 DBePW*****1 74 11.0 17.5 Boustead S 101 10.5 11.' B Sembawani 630
      101 words
    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN China H 10US$ 1164-107.5 -6.1 India Ni 10 1150 -99.0 -7.9 UOB 5.05%NCPS 100 9740 -80.0 -0.8 Kei T&T 170 -65.0 -27.7 ISMSCI India 100 478 -58.8 -7.9 Cifr 860 -55.0 -6.i Jardine C&C 1480 -52.0 -3.4 Great Eastern 1380 -50.0 -3.5 Peoi le's Food
      122 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      84 6 Sep29 CLOSE CHNG FR Sep 26 YR2008 S$ LOW S$ HIGH USS 1.4330 -0.40 1.4542 1.3457 Euro 2.0582 1.31 2.2064 2.0070 Pounds 2.5866 1.54 2.8431 2.5018 AS 1.1752 0.59 1.3251 1.1229 Yen* 1.3491 0.29 1.4484 1.2619 Rupiah* 0.***** 0.08 0.***** 0.***** Baht* 4.2060 -0.10 4.4299 4.0190
      84 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon KTT slide continues with 27.66% dive
      417 7  -  SIOW LI SEN 2 days of sales by Kapital Asia wipe $1.4b off its market capitalisation By SHARES of Keppel Telecommunications and Transportation (KTT) continued to plunge yesterday sinking 27.66 per cent, after Friday's 43.9 per cent dive on sales by substantial shareholder Kapital
      Bloomberg  -  417 words
    • Article
      Lock icon CRCT buys Beijing mall's basement extension
      278 7  -  ARTHUR SIM By CAPITARETAIL China Trust (CRCT) has entered into a conditional agreement to acquire Xizhimen Mall Basement 1 Extension (Phase 2) for 163.5 million yuan (5532.7 million). CRCT said yesterday it will acquire the property from Beijing Finance Street Construction Development Co for
      278 words
    • Article
      Lock icon Raffles Edu to invest in new Tianjin college
      186 7 RAFFLES Education Corporation plans to invest three million yuan (*****,000) in a new college in Tianjin over the next five years, after getting the nod from the Tianjin Education Bureau. The new school a collaboration with its Tianjin University of Commerce Boustead
      186 words
    • Article
      Lock icon SingTel scores twice on big broadband deal
      690 7  -  WINSTON CHAI THE term win-win is common parlance when an agreement is struck between two parties. But Singapore Telecommunications shows that with shrewd negotiation, sometimes the same company can profit twice from a single deal. With Open Net taking the chequered flag in
      690 words
    • Article
      Lock icon Parkway Reit buys Japan nursing homes
      392 8  -  CHOW PENN NEE By PARKWAY Life Real Estate Investment Trust (P-Re-it) said yesterday that it has agreed to buy seven nursing homes in Japan for a total of 7.85 billion yen (*****.7 million). The current turmoil in the financial markets has opened up opportunities,
      392 words
    • Article
      Lock icon UOB Kay Hian is top IPO underwriter
      623 8  -  JAMIE LEE Bloomberg. Local brokerage takes 36% of market thanks to IPO of Li Heng By UOB Kay Hian is king in the IPO underwriters market this year, conquering more than a third of the market thus far, data from Bloomberg showed. The
      Bloomberg.  -  623 words
    • Article, Illustration
      Lock icon Q3 equity issue numbers at 10-year low
      351 8  -  JAMIE LEE By FUND-RAISING in Asia-Pa-cific equity markets including Japan put up the worst showing in 10 years in the third quarter, data from Thomson Reuters shows. The region squeezed out 178 fund-raising issues for the three months to Sept 24 the lowest
      351 words
    • Article
      Lock icon ST Engg US unit clinches US$393m navy deal
      428 9  -  VINCENT WEE Phase II brings total contract value for overall missile craft project to USs642m By ST Engineering's US shipyard unit VT Halter Marine has secured a US$393 million contract for Phase II of the Egyptian Navy's Fast Missile Craft (FMC) project.
      428 words
    • COMPANY BRIEFS
      • Article
        Lock icon Metax, RWE to treat palm oil mill effluent
        77 9 CATALIST-listed environmental engineering company Metax Engineering Corporation has signed a memorandum of understanding with European electricity and gas company RWE to collaborate on setting up plants to treat palm oil mill effluent in South-east Asia. The aim is to reduce the environmental
        77 words
      • Article
        Lock icon Karin unit to sell IBM's enterprise software
        69 9 KARIN Technology Holdings, an IT and components solution and services provider in Hong Kong and China, says that its wholly owned subsidiary Compucon Computers has signed a business partner agreement with IBM Singapore. Compucon will sell and promote IBM's Tivoli enterprise software. It
        69 words
    • Article
      Lock icon NOL, Hamburg party declare battle over Hapag-Lloyd
      304 9  -  VINCENT WEE By THE cards are on the table now for the Hapag-Lloyd bid, with both NOL and the Hamburg consortium officially declaring they have made binding bids for the container shipping business of Germany's TUI. But both parties declined to show their
      304 words
    • Article
      Lock icon Chemoil eyes 50% of bunker market in India's Gulf of Kutch
      395 9 Reuters SINGAPORE-LISTED marine fuel supplier Chemoil Energy aims to capture almost half the bunker market in India's Gulf of Kutch in the next five years, a senior executive told Reuters in an interview. The company said that it has
      Reuters  -  395 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      305 7 "For air miles alone, the Citi Premier Miles card... iS hard tO beat." SPH- The Business Times 3^^S^ Citi Premier Miles is truly unbeatable*: w^^o^^^k Citi Premier Miles Other Travel cards Most miles v^ Most airlines to choose from v<^ Redeem on any travel spend v^ Miles never expire v^
      305 words
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  • Page 8 Advertisements
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      135 8 che^terton SINCE 1805 W^\ 0 II L INTERNATIONAL fm While we have established a firm foundation and served Singapore and the region in real estate for over '/^•^Sfe^ 24 years, our new logo now reflects Ssl^'v^^S/i^SSVs *ne co"ownersniP °f Chesterton in 3iS|s|^^t(m ""5J X Singapore by Suntec Investment Pte gjrjj
      135 words
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      54 9 Options Master Hedge Fund w> Disclaimer Past peformance is not necessarily indicative of future or likely performance SHa^ESjwijftS^jjf^S 'V^sJß^1 t7' w §38 GnKiK^t^^i EJHftu t^/T""' Eirs* Mice j*S SSK k.^^Bl bY ?BF 4 Hu DB^H t j--* s^'_ lHfl^9luiKSlff^^^9^BHDvvt9^F^^fH *j?£"y>*4 iZ~-'r '■'•^■'J&^^JC-rf^'^^B^^B^Lg J JP-j^***^g»L'i- "V. ■-r'-"™^l LABI *j^' i '""'if
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  • SINGAPORE NEWS
    • Article
      Lock icon US investment income here rises 24%
      475 10  -  CHUANG PECK MING Rate of return hits 22%, highest in 4 years and above Asia-Pac average By ALTHOUGH growth in US direct investments in Singapore is slipping behind elsewhere in Asia, there is no let-up in the returns here the investment income of US
      475 words
    • Article, Illustration
      Lock icon Apec should refocus on trade, investment cooperation: Peru
      334 10  -  CHUANG PECK MING By THE Asia-Pacific Economic Cooperation (Apec) forum has strayed, according to Peru, host of this year's Apec summit. The group of 21 nations should refocus on its original goal of trade and investment cooperation, says Peru Minister for Foreign
      334 words
    • Article, Illustration
      Lock icon Hit series The Contender to be filmed on location here
      325 10 PRODUCTION of the fourth season of the hit reality TV series The Contender has begun in Singapore, incentivised by the Singapore Tourism Board's (STB) Film In Singapore scheme. "Producing in Singapore has a lot of advantages, some financial, some aesthetic,"
      THE CONTENDER  -  325 words
    • Article
      Lock icon Automobile body in tie-up with LTA, police to boost road safety
      279 10 THE Automobile Association of Singapore (AA) an affiliate of the International Automobile Federation (FIA) is working with the Land Transport Authority (LTA) and the Traffic Police to implement initiatives to boost road safety here. One of the measures is
      279 words
    • Article
      Lock icon Toll refurbishing Loyang base for $400m over 5 years
      240 10 SOPS (or the former Singapore Offshore Petroleum Services) is now TOPS or Toll Offshore Petroleum Services. And owner Toll Holdings, Australia's largest logistics group, is investing $400 million to redevelop the Loyang supply base which supports the region's offshore oil and
      240 words
    • Article
      Lock icon Balaji discharged from hospital today
      145 10 SENIOR Minister of State for Foreign Affairs Balaji Sadasivan has had surgery for cancer and will be discharged from hospital today. The ministry of foreign affairs said yesterday Dr Balaji had surgery on Sept 23 at Gleneagles Hospital to remove a cancerous tumour in the
      145 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Finance ministry appoints 2nd perm sec
        68 10 THE Ministry of Finance has appointed Peter Ong as its second permanent secretary. Mr Ong, 47, who is permanent secretary at the Ministry of Trade and Industry, will take up the concurrent appointment at the finance ministry tomorrow. Teo Ming Kian will still be
        68 words
      • Article
        Lock icon Steelforce sets up local subsidiary
        54 10 ANTWERP-BASED steel trader Steelforce said yesterday it is setting up a Singapore-based subsidiary called Steelforce (SEA). The unit will be headed by Dick Wong, who managed Steelforce's local partner Union Metal Resources International (UMRI). All activities of Steelforce Asia RO and UMRI will be integrated
        54 words
      • Article
        Lock icon Men bigger online spenders than women
        97 10 A SURVEY of online shopping habits by MasterCard Worldwide has shown Singapore women buy online more often than men, but that men are bigger online spenders. Among 515 Singapore respondents, women made up 59 per cent of those who shopped online six times or
        97 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      347 10 The Brains Trust October 14th 2008 If your current financial strategy depends on which way the wind is blowing, you might need a helping hand from an expert. Especially in today's uncertain world. On October 14th, at The Fullerton Hotel, The Fry Group will assemble some of the most senior
      347 words
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      53 11 5" 3 QJ 3 W n' n O 3 Equipped with personal AVOD and a 180° reclining Kosmo Sleeper Seat, Excellence in Flight we've done justice to flying by providing space so private, it becomes your very own. KffiREAIW AMR. The service outlined in this ad may not be available
      53 words
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  • FORMULA ONE
    • Article
      Lock icon Caramba! What's that sticking out of my tank?
      577 12 BEFORE last Friday, my only connection to the Formula One was Bread Talk's Ferraberri bun. I would remove the chocolate cake wheels, and time myself to see if I could replace them in five seconds or less. It wasn't as easy as
      577 words
    • Article, Illustration
      Lock icon High-octane glitz and glamour
      686 12  -  CHRISTOPHER LIM By CHAMPAGNE and deep-cushioned seats were a reminder last weekend that the Formula One experience goes beyond the race. Luxury trackside amenities and exclusive parties showed that if you had the money to spend, you could have quite a different Fl experience than entry-level
      JOSEPH NAIR  -  686 words
    • Article, Illustration
      Lock icon Sponsoring sports still pays for companies
      602 12  -  NISHA RAMCHANDANI YHI Int'l, SAP and Reebok align themselves with high profile F1 By THE landscape of sports sponsorship may be changing but one thing remains the same it is still a money spinner, especially for companies that align themselves with high-profile events such
      AFP  -  602 words
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  • SME Inc
    • Article
      Lock icon Making waves in the water industry
      841 13 Candid Water Cooler is determined to prove that distilled bottled water is better choice, reports MELISSA YEO WHETHER it's mineral or distilled, glacial or spring water to the average Singaporean, bottled water is bottled water. But in truth, not all bottles of water are
      841 words
    • Article, Illustration
      Lock icon Bad times may actually help
      295 14 THIS WEEK'S TOPIC Do you think the opening of the first Integrated Resort will be affected by the current economic environment, and if so, how? Annie Sun CEO Dynaforce International Pte Ltd "THERE'S too much at stake for the first IR not to open as
      ■ ■ ■ ■ ■ I FILE PHOTO  -  295 words
    • Article
      Lock icon BT small-cap portfolio
      189 14 By' COST UNITS BID PRICE VALUE SEPT29'08($) Ausgroup 0.300 Bonvests 0.460 Celestial Nutrifoods 0.700 China Essence 0.955 China Honqxinq 0.710 China Sky 1.020 Courage Marine 0.345 CSE Global 0.847 Ezra 0.508 FJ Benjamin 0.800 HG Metal 0.208 Hiap Seng 0.780 Hong Fok 0.875 Inter-Roller 1.050 Li Heng
      189 words
    • Article
      Lock icon Portfolio's 5.2% loss below STI's
      182 14  -  TEH HOOI LING STOCKS seem to be sinking into a bottomless pit, with more losses chalked up in the past five trading sessions. The consolation if it is any is that for the second week running, our portfolio fell less than the Straits Times Index.
      182 words
    • Article, Illustration
      Lock icon Common pitfalls for SME exporters to avoid
      865 15  -  TAN SIEW MENG There's risk in trading across borders a banking partner can help SMEs minimise it By N TODAY'S globalised economy, competition is I boundless. SMEs can no longer focus on the domestic market alone. Going regional or global has become imperative.
      FILE PHOTO  -  865 words
    • Article, Illustration
      Lock icon Streamlined processes cut downtime
      448 16 PRO-ENTERPRISE CHANGES LTA has made street works and parking clearance easier, says OH BOON PING PROCESSING time for street works and vehicle parking clearance has been cut significantly, courtesy of a lodgement scheme by the Land Transport Authority. Before 2000, private developments are required to submit
      448 words
    • Article
      Lock icon Legal implications of social software used in businesses
      724 16 IT MATTERS THE idea is simple and attractive build an online forum for your customers, stakeholders, suppliers and partners, and encourage them to interact, share their opinions and stay in contact with your company. By allowing them to spread the word about
      724 words
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      103 13 The piece of enormous twelve-eyed Gzi with r (Length 7cm) well delineated pattern strong ealon colour is the most perfect shape that I have Precious gems, ever seen. Besides symbolising luck, wealth jewellery ethnics peace, this Gzi is also a precious amulet. It is a gold and silver rare piece
      103 words
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      927 13 Brought t0 you by Singapore Enabling Enterprise Empowering 6^"^^^ custom i^T staff pay of 1 V A\ Global Activ JL Thanks to the Customer-Centric Initiative, both h?M W 0 customers and staff are happy at GNC m Assistant Store Supervisor Floy Game, the CCI proved very timely 33, who works
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      2672 14 JL^I V^>/ JL JLVta^ JLj k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE HIGH COURT OF THE I In the matter of Tte Companies Act, Cap. 50 I IN THE MATTER OF REPUBLIC OF S^APORE In the Matter of THE COMPANIES ACT (CAP. 50) dk Companies Winding Up (I)DAVIDTAYANDASSOCIATESPTELTD
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      15 14 v —i :>JR[ CATS Recru.it The first door to your world of opportunities c < O
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      236 15 Call 6-531 3700 now for the ACCPAC Specialists gge s^ge Stone Forest IT laiMaliltaHUl UiWiiiUi^H www.StoneForestlT.com.sg Call 6-531 3700 now for the IT Specialists m Microsoft Stone Forest IT GOLD CERTIFIED wvwi iv» wi v»«#v i i Partner www.StoneForestlT.com.sg "t^m oggB^ mr^^mW^ W\\!^mYUJ MMt&mP2& > fIUI arVFi _^rfH V BfcfcS^a
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      460 16 Call 6-531 7681 now for the Payroll Specialist PAYDAY! Payroll Serve TIME TO RELAX LianheZaobao Business Seminar Mk I f i m- f f~ kM W VII V-< -V-4 Managing Director, \/it 4 |f J W fO r r r_i r_i SnSaiLtd J i a J M M v^pJpflkk^L I
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Days numbered for Asian growth model
      799 17 Reuters Financial crisis is seen weaning Asian countries off their export-led policies [BEIJING] The deepest financial crisis since the Great Depression is likely to do more than years of international prodding to wean China and its Asian neighbours off their ex-port-led model of economic
      Reuters; REUTERS  -  799 words
    • Article
      Lock icon Japan, Vietnam broadly agree on economic pact
      251 17 Reuters Accord could remove 90% of tariffs over 10 years [TOKYO] Japan and Vietnam have broadly agreed on an economic partnership agreement that could eventually remove more than 90 per cent of tariffs between the two countries over the next decade, Japan's foreign
      Reuters  -  251 words
    • Article
      Lock icon Vietnam economic growth at 6.5% in first 9 months
      184 17 -AFP [HANOI] Vietnam's economy grew 6.5 per cent in the first nine months of the year, lower than its target rate but still "encouraging" in the "context of a deteriorating world economy", the government said yesterday. To reach the official aim
      -AFP  -  184 words
    • Article
      Lock icon India, S-E Asia seen slowing
      267 17 1 Bloomberg Global credit crunch hurting global trade: Morgan Stanley [SINGAPORE] India's and South-east Asia's economies will grow at a slower pace than earlier forecast as a global credit crunch hurts international trade and capital flows, Morgan Stanley said. South-east Asian economies will probably expand
      1 – Bloomberg  -  267 words
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      186 17 IM EHiHi ESS M lpipri|K 1 S an^rallClSC i\T v 4 Washington, D.C. \VJ^P ST^^F fJ^pj^fJ^B jib r T f 1 Wj| H iVA JfiiiraW V» ii tt v.- jT J —iriifl Iv^U vLwifl m —RHHPJWBH HffflP —I I I Flight No City Dep Arr Flight No City Dep Arr
      186 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Cut loss and abort BII bid, Maybank urged
      558 18  -  PAULINE NG Or strike new price given current crisis, adds minority shareholder group By in Kuala Lumpur MALAYSIA'S Minority Shareholders Watchdog Group (MSWG) wants Maybank to call it quits and cut its losses on the bungled Bank Internasional Indonesia (BII) deal rather
      558 words
    • Article
      Lock icon ExxonMobil accused of illegally employing expats
      222 18 Xinhua [JAKAßTA] The Indonesian manpower and transmigration ministry has accused US-based oil and gas firm ExxonMobil Ltd of illegally employing expatriates through its subsidiary Mobile Cepu Limited (MCL) at its oil and gas fields in East Java province, a newspaper reported here yesterday. The
      – Xinhua  -  222 words
    • Article, Illustration
      Lock icon Indonesia poll to pit the General versus the Lady
      611 18 Reuters But Mr Yudhoyono's re-election plans hinge on April vote [JAKARTA] For most of his four years in power, Indonesian President Susilo Bambang Yudhoyono, a respected reformer, looked like a shoo-in for re-election, comfortably ahead of his rival, former president Megawati
      – Reuters; AFP  -  611 words
    • Article
      Lock icon Poll shows Anwar preferred as next PM, economy top concern
      293 18 Reuters [KUALA LUMPUR] Malaysian opposition leader Anwar Ibrahim scored better than the government's pick to become the next prime minister in an opinion poll which showed that worries over the economy dominated voter concerns. Mr Anwar is threatening to unseat
      ■ Reuters  -  293 words
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      1791 18 WATS _L^l V^X -L J_^^ jLj k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg JPW"- GuocoLeisure Limited c^cc^T" rUI LimiteO /?^r* v"'"'"' the Hong Lmiiiii Group T R TF: =FT (Incorporated in the Republic of Singapore) f^^^ (Co. Reg. No. EC*****) HAMILTON HM 12, (Co. Reg. No. *****4482N) (Continued into Bermuda
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Ping An drops on concern over Fortis stake loss
      418 19 Bloomberg Shares slide 11%, its biggest 2-day drop in over 4 years in HK trading [HONG KONG] Ping An Insurance (Group) Co, China's second-largest insurer, had its biggest two-day drop in more than four years in Hong Kong trading after saying
      – Bloomberg  -  418 words
    • Article, Illustration
      Lock icon China's space walk team gets rousing welcome in Beijing
      346 19 Bernama [BEIJING] Hundreds of people lined the streets to give a rousing welcome to China's three astronauts when they returned to the Beijing Aerospace Centre yesterday morning after the space walk mission. Flight commander Zhai Zhigang, who performed the extra vehicular
      – Bernama  -  346 words
    • Article
      Lock icon India to overshoot borrowing target by almost one-fifth
      621 19 Bloomberg Due to coming elections, govt will sell more bonds and bills than planned [MUMBAI] India will overshoot its borrowing target this fiscal year by almost a fifth as the government spends more to win voters before elections are due in seven
      – Bloomberg  -  621 words
    • Article
      Lock icon US financial crisis may affect world: Wen
      366 19 Bloomberg [WASHINGTON] China's Premier Wen Jiabao said that the impact from the current financial crisis in the US may "affect the whole world". "US finance is closely connected with Chinese finance," Mr Wen said in an interview that was broadcast on Sunday on
      Bloomberg  -  366 words
    • Article, Illustration
      Lock icon Cadbury recalls China-made chocolates
      423 19 -AFP [HONG KONG] British sweetmaker Cadbury yesterday said that it had recalled its China-made chocolates from Hong Kong, Taiwan and Australia after tests "cast doubt" on their safety. In the latest fallout from the toxic milk scandal, which has sickened some 53,000 Chinese babies, Cadbury said
      -AFP; n i AP  -  423 words
  • Page 19 Advertisements
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      1030 19 V#^L rT^v^Tinr r< To"free: 180°-289-8822 V IVIII l-( V Email: notices@sph.com.sg _L^l V^>r M. J. V_> -I—(kJ www.cats.com.sg <S LASSETERS INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 26 February 2004) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Lasseters International
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Japanese banks warned about overseas buys
      494 20  -  ANTHONY ROWLEY There is concern that some firms are overpaying for their acquisitions By in Tokyo BANK of Japan Deputy Governor Kiyohiko Nishimura yesterday urged Japanese banks and financial institutions to be careful as they look to acquire assets overseas in the wake of
      AFP  -  494 words
    • Article, Illustration
      Lock icon Asian banks face economic gloom
      474 20 -Reuters Earnings for regional lenders expected to come under pressure [HONG KONG/SINGAPORE] Banks in Asia mostly dodged the ravages of the sub-prime mortgage meltdown but now must contend with depressed markets and a darkening economic picture resulting from the financial crisis plaguing the West. Earnings
      -Reuters; AP FILE PHOTO  -  474 words
    • Article
      Lock icon UK needs a 'toxic asset dump' solution
      475 20 Bloomberg [LONDON] British Prime Minister Gordon Brown needs to approve a "toxic asset dump" solution to rescue the UK banking system from the financial crisis, former Bank of England policymaker Willem Buiter said. "There should be a toxic asset dump in which public
      Bloomberg  -  475 words
    • Article
      Lock icon Hedge funds set to reveal US short positions
      510 20 Reuters [WASHINGTON/NEW YORK] Hedge fund managers were reluctantly preparing to disclose their short positions to US regulators yesterday, a move set to give a rare public glimpse into their secretive trading strategies two weeks later. For shareholders who have blamed short sellers
      – Reuters  -  510 words
    • WORLD WATCH
      • Article
        Lock icon India to sign FTA with Asean by Dec
        79 20 Reuters Reuters [NEW DELHI] India will formally sign a free trade agreement with the Association of South-east Asian Nations (Asean) by December, Junior Trade Minister Jairam Ramesh said yesterday. He said talks on investment and services were expected to begin once the
        – Reuters  -  79 words
      • Article
        Lock icon US consumer spending flat in August
        61 20 [WASHINGTON] Hard-pressed US consumers kept their spending completely in check during August despite an unexpected bounce upward in incomes, according to a latest US Commerce Department's report. Consumer spending was flat in August after barely edging up by a revised 0.1 per cent in
        61 words
      • Article
        Lock icon InBev shareholders back takeover plan
        72 20 -AP [LEUVEN, Belgium] Inßev SA shareholders yesterday backed the company's US$52 billion takeover of Anheuser-Busch a deal that would form the world's largest brewer. They also approved changing the company's name to Anheuser-Busch Inßev and a capital increase and share issue that would raise up
        -AP  -  72 words
      • Article
        Lock icon Abu Dhabi banks could face forced merger
        77 20 Reuters [ABU DHABI] Speculation intensified yesterday that Abu Dhabi's leading banks would face the first forced merger in the Gulf region. Shares in Abu Dhabi Commercial Bank soared for the second day as investors bet it would fall into the arms of larger
        ■ Reuters  -  77 words
      • Article
        Lock icon Iceland takes control of third largest bank
        86 20 Reuters [REYKJAVIK] Iceland took control of its third largest bank, Glitnir, yesterday, as the global credit market turmoil claimed its latest victim following a string of financial collapses in the United States and Europe. The government will buy a 75 per cent stake
        – Reuters  -  86 words
    • Article
      Lock icon US hostile takeovers hit record as market swoons
      530 20 Reuters [PHILADELPHIA] Hostile takeovers have more than doubled to a record level in the United States so far this year, boosted by falling stock prices and weakened corporate defences. US hostile deal activity has reached a record high of US$2ll billion so
      Reuters  -  530 words
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  • AVIATION
    • Article, Illustration
      Lock icon Airbus may buy US$lb of parts from China by 2020
      660 21 Bloomberg Planemaker will be able to assemble 4 A32os a month in Tianjin by 2011 [SHANGHAI] Airbus SAS, starting its first aircraft assembly on Sunday outside Europe, said it may buy up to US$l billion of components from China by
      Bloomberg; AP  -  660 words
    • Article
      Lock icon Travellers oppose cellphones on flights: survey
      302 21 -AFP [SINGAPORE] Most air travellers oppose the use of mobile phones on aeroplanes but would not mind striking up a chat with their seatmate, a survey released to AFP yesterday showed. The survey by global market research firm Synovate also found that many travellers
      -AFP  -  302 words
    • Article
      Lock icon ST Aerospace to expand in Asia, up China spending
      458 21 Bloomberg [SINGAPORE] Singapore Technologies Aerospace, Asia's biggest plane-mainte-nance company, plans to open a new base in the region and raise investments in China as economic growth boosts air travel. The company is considering "at least two or three" countries for the
      Bloomberg  -  458 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2569 21 AIRLINE CODES: American Airline;. (AAL), af Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN) Airlines (AZA), BA British Araays Public Ltc Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), L Airlines (BOU), BR EVA Airways Corpn (EVA), CA: Air China (CCA), CB:
      2,569 words
  • Page 21 Advertisements
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      146 21 BT/ZUJI Deals of the Week t- I Jlffi 4 tfa 1 m Va. V'\. \Jp-J '■BK|!iii| R^^^^^^^MMf^RPMi BLUM BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from London $5,674 $1,059 $100 Qatar Airways Qatar Airways DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Bangkok $708 (TiiaiAirways) $147 (TiiaiAirways) $39
      146 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      362 21 CRYPTIC CROSSWORD ACROSS 1 An ounce of white stuff —i k —i r —i n —i n —i ig—^^^h and fixed parole date! (4,7) H^HJ 7 The young of fowl perhaps H^HJ I^HI eaten by one? (4,3) M^^HB_HM__MM__^^M__MM_^_MM__^l^^HM i m /~7\ I^^^H just one of li (I) BM HM hh
      362 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon If's not a failure of capitalism
      448 22 NEITHER the 1998 East Asian financial crisis nor the current American economic crash demonstrates the failure of capitalism. Rather, it shows the need for different economies to pursue their own model of development based on their unique circumstances. This should include the use of
      448 words
    • Article, Illustration
      Lock icon Raising employees' ethics awareness
      1420 22  - Raising employees ethics awareness MAX YUEN TEEN DAPHNE TEO and By Top executives must lead by example to improve codes of conduct on the ground THE focus on corporate governance, driven by scandals across the world, has led many organisations to develop codes of conduct or ethics to promote ethical
      FILE PICTURE/BLOOMBERG  -  1,420 words
    • Article, Illustration
      Lock icon It's really the bankruptcy of modern economics
      768 22  -  ROBERT SAMUELSON The Washington Post Writers Group THE BOTTOM LINE WHAT we are witnessing, in the broadest sense, is the bankruptcy of modern economics. Its conceit has been that we had solved the problem of stability. Oh, there would be periodic recessions, but
      The Washington Post Writers Group  -  768 words
    • Article, Illustration
      Lock icon Tortuous route to Washington's US$700b bailout
      900 23  -  LEON HADAR Intertwined with the long and hectic negotiations was the presidential election campaign, especially John McCain's ONE of the most dramatic and consequential weeks in Washington's history ended on Sunday after the Bush administration and US lawmakers reached a deal over the US$7OO
      900 words
    • Article, Illustration
      Lock icon 'Paulson Package' no panacea for US crisis
      795 23  -  ANTHONY ROWLEY AS financial calamity threatened to engulf New York and other citadels of mammon, I found myself ensconced amid what the English poet Matthew Arnold called the "dreaming spires of Oxford". This may sound like idyllic isolation and yet the crisis quickly
      795 words
    • LETTERS TO THE EDITOR
      • Letter
        Lock icon Link-up can avert accidental short-selling
        321 23  -  Jimmy Ho FOR the past one week, some members of the public who believed the Singapore Exchange had wanted to curb short selling were confused when it decided to spare its scrip-borrow-ing clients the additional $1,000 minimum fine. The exchange has clarified that its directive
        321 words
      • Letter
        Lock icon Rising interest rates are not all bad
        305 23  -  Ang Hao Yao I REFER to the article "Short-term rates leap to about 2%" (BT, Sept 27). The article's tone refers to interest rates rising as if it were a bad thing, focusing on borrowers being "hit" and "hurt". But for every borrower
        305 words
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  • Page 23 Advertisements
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      1373 23 V*27 -JTTS^rr'T^T*'r> To"free: 180°-289-8822 V IVI fl Li V Email: notices@sph.com.sg JL^I V^*/ JL IV I www.cats.com.sg SIN GHEE HUAT CORPORATION LTD. Company Registration No: *****0475Z (Incorporated in trie Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sin Ghee Huat
      1,373 words
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  • SHIPPING
    • Article
      Lock icon Tianjin Port may miss 2009 growth target
      389 24 Bloomberg Global economic slowdown expected to weaken demand for China goods [HONG KONG] Tianjin Port (Group) Co, the operator of northern China's busiest harbour, may miss its growth target next year as a global economic slowdown damps demand for Chinese-made goods overseas. "The
      – Bloomberg  -  389 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 24 '000 iep^ CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.52 0.29 1.59 0.49 1.13 0.81
        107 words
      • Article
        Lock icon KLSE
        36 24 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings unch 8.60 8.15 3.08 3.00 0.10 unch unch unch -0.25 0.02 unch -0.01 unch 0 63 1306 505 5 40 0
        36 words
      • Article
        Lock icon BANGKOK
        7 24 '00 'recious Ship 15.20 -0.40 1135
        7 words
      • Article
        Lock icon HONGKONG
        11 24 '000 Doil iingamas Cont 19.46 1.17 -0.64 -0.11 931 960
        11 words
      • Article
        Lock icon PHILIPPINES
        22 24 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.10 25.50 unch unch 0.10 unch unch unch 1320 51 0 0
        22 words
      • Article
        Lock icon TAIPEI
        22 24 Evergreen Marine ...15.10 :irst Steamship 39.65 /Van Hai Lines 14.00 t'ana Mina Marine...11.05 -0.90 -2.95 -0.50 -0.55 5 5 2 9
        22 words
      • Article
        Lock icon TOKYO
        36 24 '000 <awasakiHvylnd...215.00 -7.00 9762 (awasaki Kisen 628.00 -42.00 9782 Mitsubishi Hvy 461.00 -7.00 ***** Mitsui Eng&Sbldg...199.00 -15.00 ***** Mitsui Osk Lines ....889.00 -57.00 ***** Mippon Express 489.00 -3.00 4079 MipponYusen 681.00 -48.00 ***** iource: Reuters
        36 words
    • Article
      Lock icon Credit crunch a threat to shipping players
      427 24 Reuters Lack of liquidity hampering trade, says Excel Maritime [CHICAGO] The credit crunch is sucking liquidity out of global trade and the shipping business, leaving cargoes stranded on docks and threatening to bring down shipyards and ship owners alike, the top executive of
      ■ Reuters  -  427 words
    • Article, Illustration
      Lock icon Hijacked ship's captain dies off Somalia
      514 24 Bloomberg [MOGADISHU, Somalia] The captain of a ship carrying a cargo of battle tanks seized off the coast of Somalia died of a heart attack as the pirates demanded a US$2O million ransom. The death of the Russian captain, Vladimir Kolobkov, was announced by
      Bloomberg; I AP  -  514 words
    • Article, Illustration
      Lock icon Exxon to invite bids for supply of PNG LNG tankers
      382 24 Bloomberg [SYDNEY] Exxon Mobil Corp, operator of a planned US$ll billion liquefied natural gas project in Papua New Guinea, said it will invite shipyards and vessel owners to take part in a tender for the supply of tankers to transport
      Bloomberg; REUTERS  -  382 words
    • Article
      Lock icon Mitsui OSK falls as Baltic Index dips
      236 24 Bloomberg [TOKYO] Mitsui OSK Lines Ltd, Japan's largest operator of iron-ore ships, dropped in Tokyo trading along with domestic rivals, as rates for carrying commodities had their biggest slump on record. The shipping line declined as much as 4.8 per cent to 901
      – Bloomberg  -  236 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      184 24 Digital Cameras worth $449 each! Contest ends 30 September 2008. If 8.1 megapixels High performance digital image-processing engine 3.6 x Zoom-NIKKOR lens with 28mm wide-angle capability Zap Code SOUTH EASTASIAAND SOUTH ASIA/AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices,
      184 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8854 25 Transaction date: Sep 29 52-wks Tel |h Low Code Com| Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld |h Low Buyer Seller C'vr Net P/E M Cap Hi! >an] 5716 1st Software 16 4 3148 8Telecom 21.5 5 5834 A-Sonic 110 100 6389 ABFSG Bond
      8,854 words
    • Article
      Lock icon SGX CATALIST
      624 26 52-wks Tel |h Low Code Coj Last Sale Vol C000) Hi; Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap Hil 20 11.5 1181 s AAGrp 305 15 5000 sABR Hldgs 32 18 8538 s APStrategic 10 1.5 1501 s Advanced System 38
      624 words
    • Article
      Lock icon SGX XTRANET
      711 26 52-wks Tel High Low Code Com[ Last Sale Vol (*000) Hii Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap $mil 89 41 2937 s FujianZY 24 115 5850 sGMG Global 18.5 10 s GMGGL 10 49.5 19 3486 s Gates Elec 16
      711 words
    • Article
      Lock icon CLOB INTERNATIONAL
      820 26 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      820 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8658 26 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.77/ AIGIF Spore Bond Fund/A 1.288/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.74/ APS Alpha Fund (USD)! A 0.52/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.8476/ APS Komaba
      8,658 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      44 25 HHHjH| j(fe lS HUH ill^T)V V jyfj^''"''^ j M fIX W-T7 /Mf**^ i m i m i Mm/ »^H V v— -to •rrT'^V^i^ Jar W— 11M m i- J m I m IB —i m Hu I j I ,/yH H^V 1L /^C^iii_U^^ yjflfc.
      44 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      371 27 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Se| 26 World Index Preliminan 887.5 -1.6 -21.6 -1.4 -22.7 -1.7 -22.0 EAFE Preliminai 838.0 -1.5 -25.2 -1.4 -26.5 -1.7 -25.8 Euri Preliminan 1149.2 -1.9
      371 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 27 As at 9am Sep29 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1790 1.1950 Can dollar 1.3710 1.3890 Euro 2.0600 2.0860 NZ dollar 0.9720 0.9950 iterlini 2.5970 2.6260 US dollar 1.4200 1.4380 Local dollars to 100 units of foreign currency: Currencies
      131 words
    • Article
      Lock icon INTERBANK RATES
      179 27 Sep29 Bid SS Otter Overnight 1/2 1-month 2 2-months 2 3-months 2 Overnight mode: 1 5/8 US$ Offer 3/8 1 3/4 1 3/4 1 3/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 4.50 5.00 5.20 5.20 5.00 5.00 5.00
      179 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 27 Sep29 ten Hii Sett STI ilMSCI Sei 299.5 301.6 290 Taiwan Se closed Source: MF Global (S) He. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Sep 29 Bid Offer 1-month 1.4314 1.4329 2 months 1.4291 1.4308 3-months 1.4266 1.4283 6-months 1.4203 1.4225 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 27 Sep 29 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.1721 1.1734 0.8176 0.8178 Canadian dollar 1.3741 1.3760 0.9585 0.9590 Euro 2.0578 2.0599 1.4354 1.4357 NZ dollar 0.9714 0.9731 0.6776 0.6782 jterlini ind 2.5971 2.5997 1.8116 1.8119
      158 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      293 27 Sep29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 Sf:??88 96.9850 96.8400 ***** 7159 4720 4136 EUROYEN TIBOR FUTURES DecO8 99.110 99.115 MarO9 99.115 99.115 JunO9 99.085 99.085 SepO9 99.070 99.070 DecO9 Mar10 Jun10 Sep10 EUROYEN LIBOR FUTURES 99.110 99.115 99.085 99.070 99.115
      293 words
    • Article
      Lock icon SICOM FUTURES
      256 27 Sep29 tUBBER Futures (Closing prices) !SS 1 (S cents/kg) lonth High Low Close Sett Volume (tonnes) Open Interest 3d 08 Mov 08 Dec 08 Ian/Mar 09 <\pr/Jun 09 lul/Sep 09 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open Interest 3d 08 MOV08 262.50 Dec 08
      256 words
    • Article
      Lock icon CHICAGO BOT
      101 27 Sep26 lOYBEANS d.OOO bu min; US cents/60 Ib bushels) Close Previous High/Low lov 08 1164.00 1183.00 1182.00 1156.00 an 09 1180.50 1199.50 1194.00 1174.00 /lar 09 1194.25 1212.50 1210.00 1190.00 /lay 09 1207.00 1224.50 1213.00 1203.00 iOYBEAN/OIL 50,000 lbs;Uscent/lb) Close Previous High/Low )ctO8 47.40 47.77 47.58 47.00 )ecO8
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 27 CRUDE OIL PRODUCTS Sep26 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 102.47 0.45 WTI (Near Mth) 106.97 -0.75 Dubai (1-Mth F) 96.48 0.65 Tapis blend 106.35 0.50 Minas 101.65 0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 88.22 121.30 -0.28 -2.30 US$/barrel Opec Oil Basket
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      Lock icon INTERBANK CROSS RATES
      463 27 Sep29 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.853 5.597 0.570 6.355 38.395 77.150 0.867 9.721 2.818 1.206 63.879 38.375 1.173 6.706 0.903 26.211 27.892 0.451 0.818 Canada 1.173 6.563 0.668 7.451 45.019 90.460
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 27 Sep29 I KEM3UKY BILL3 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****V 02.01.09 1-Year BY*****N 04.05.09 1.68 1.69 2.00 1.60 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000
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    • Article
      Lock icon PRECIOUS METALS
      136 27 Sep29 GOLD (USS/oz) Sep 29 Sep 26 Hong Kong London 871.10 873.40 872.10 874.40 Sep26 Sea 25 888.20 876.90 890.20 878.90 Source: Reuters CAST BAR (S$) Sep 29 Buying Sellini Kilobar "43,100.67" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1
      136 words
    • Article
      Lock icon SIBOR
      78 27 Sep 29 (USS) (SS) 3.***** 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** 1 mth 2 mths 3.***** 2.***** 3 mths 3.***** 2.***** 6 mths 9 mths 12 mths 3.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 2.***** 3yrs 2.***** 4yrs
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    • Article
      Lock icon PALM OIL
      63 27 Sep29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Oct 08 2280 Nov08 2268 Dec 08 2270 Jan 09 2270 Total o/p: ***** contracts 2121 2280 2150 2120 2276 2125 2125 2284 2100 2130 2290 2116 Turnover: *****
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    • Article
      Lock icon LONDON METALS
      68 27 Sep26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2439.80 2459.50 3 months 2490.00 2509.00 Copper, Grade A (US$/tonne) Cash 3 months 6811.50 6775.00 6961.50 6930.00 Lead (US$/tonne) Cash 1943.50 3 months 1960.00 2000.00 2015.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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      Lock icon LIFFE
      72 27 Sep26\ COCOA (£/tonne) Close Prev Hii ih/Low Dec 08 1531 1530 1542/1513 Mar 09 1557 1554 1565/1539 May 09 1549 1545 1550/1530 JulO9 1549 1545 COFFEE (US$/tonne) Close Pev High/Low SepO8 2079 2127 2095/2090 Nov08 2099 2147 2141/2091 Jan 09 2137 2179 2174/2128 SUGAR (US tonne) White Close Prev
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    • Article
      Lock icon BONDS & WARRANTS
      3232 27 BONDS WARRANTS Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or- ('000) Ratio Price ing Left 2058 Advance Modules GrpW*****3 6 susp 1 17 156 1.50 47 2036 Advance SCT Ltd W*****9 0.5 1 87 821 19.00 23 9092 Asia Environment W*****4
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      2260 28 m The Business Times Shipping Times m MJfIHHMBSBI WAN HAIINTERNATIONALpte LTD ■^^T^lT^^^H BißwMWiwi^wfiwitiiJM I \\^W 1 WAN HAI INEj GBtomer Service/Bookings Dirert Line-(1 800)*****200 lllnl^tiHßKWmSltnMKfll V V PKL TEL: {03) *****888 FAX: {03)*****288 PEN TEL: {04) *****00 FAX: {04)*****99 V- JOH TEL: (07) *****23 FAX: (07)*****21 SURTEL:{O3I) *****75 FAX:{O3I) *****14/
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      3972 29 JTX[I AUSTRAL ASIA LINE websi.e:h..p://www.aus.ralasialine. C om I|3JII I Q (tft Itf^/fftf ASIA AUSTRALIA SERVICE J"-/'/i».i (fiihmi-i tit (i-.i(./v». fuy,l I 1 H -MM im_z^^^^^Hi^^^Hi_________Ki__________n___________u_________B_i___________D____H weekly express sailing schedule ttp; MORiTON i iaB 21/09 o^h) !M» __i. __i. __i! __v ininnnnnnn-niiTTiTnwTiTYffl^nKr-iTiiiiinnfiTiiTTrnii CAPE PRESTON 12AB \VW WU WU WU WU pjy£||j^]J|yj|^^^y]^U|jU|j2HliHlliKUlaiiiaUMlUUlSllHlClUUlUlliiUfl
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  • PROPERTY
    • Article
      Lock icon Int'l panel to review BCA's green plans
      323 30  -  JAMIE LEE It will examine policies, practices on green building promotion and rules By es on green building promotion and regulation. It has already started work, will wind up on Oct 2 and present its report at the end of this week. It
      323 words
    • Article
      Lock icon HPL unit to manage Le Meridien
      223 30 HOTEL Properties Ltd (HPL), through wholly owned HPL Hotels Resorts, is taking over management of the Le Meridien Singapore hotel tomorrow and rebranding it Concorde Hotel Singapore, in line with plans to establish the brand in more markets. This is HPL Hotels Resorts' fourth
      223 words
    • Article, Illustration
      Lock icon UK August mortgage approvals fall to lowest since 1999
      474 30 Bloomberg [LONDON] UK mortgage approvals slid in August to the lowest since at least 1999 as the global credit squeeze prompted banks and building societies to curtail credit. Lenders approved 32,000 loans for house purchases, down from 33,000 in July, the
      – Bloomberg; BLOOMBERG  -  474 words
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      Lock icon CapitaLand chiefs defend strategy
      1204 31 CEO refutes concerns over exposure in China, says group has strengthened risk management, reports KALPANA RASHIWALA AMIDST a raft of downgrades by analysts and a slump in the company's share price, Capita Land's top brass have defended the group's strategy. "We are a company that's much
      FILE PHOTOS  -  1,204 words
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      88 30 J3A»w -sffgs- iTiii**^!^^ development consists of 51 tastefully decorated guestrooms Strategically located in the heart of Tiong Bahru Estate, close proximity ■g^gf^L.. hi ulO i' s r t0 Central Business District Tenure: Freehold v","|^?l yv,, Total Land Area: Approx. 7,300 sq.ft Total gross floor Area: Approx. 18,000 sq.ft I >
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      127 30 SAVE TAX Our qualified professionals W/aJ J9 can assist you with offshore j| 1 structures, shelf companies UP and incorporations in ALL jurisdictions including: British Virgin Islands I Cayman Islands I Bahamas E^B Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also
      127 words
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      104 30 ZAP HERE for the latest I J pr°PCrtyupda,cs! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word "Zap" sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software (located either in "Games" or "Applications"
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      137 31 DIST9-10 GOOD i "ITK^^^^^M^P^ *****/6000 sq ft c KfflffßißfpTfffilfili^iilfifll Wide frontage MMiIIIVMIVEPtWMrHWQ «Onlysl7M Kuu;^^^^^^^ *****/6000 sq ft nT^^^^^Q^Q^Q^ Charming house Lush greenery ■MMH||MlJl'KipiiiMjßj *****/6000 sq ft HJBWlfffffffflWßßil Gd size pool with huge gdn HMMIIPPtVi *****/8800 sq ft Brand new. Rare w I Lovely landscaping Ijj B^QLI 3iii.wlf Tf. I •Superb
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      241 31 Cl\>f A DT Investment kxLT ArvIVX International Property Expo 10am 7pm 11 12 October 2008 Hall 401, SLJNTEC Singapore International Convention Exhibition Centre Meet Singaporean Icons Investment Gurus Over 30 Live Presentations! Learn to secure your financial well being. All your investment options available from property to wealth planning under
      241 words
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      171 31 Tropical house, almost new I *****/8000 sq ft Brand new tropical house TOP Oct 08 Best-of-the-Best 8000/5000 sq ft Charming house, nice layout *****sqft Wide frontage. Hilltop Living in Botanic Gardens Only $1220 psf m5200/6000sqft Only $14.8 M yet neg I *****/9000 sq ft Elevated land, wide frontage 4300/6000 sq
      171 words
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  • DINING INDULGENCE
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      Lock icon Serving up modern takes on traditional cuisine
      753 32 Whether it's a special occasion or just an excuse to eat well, you won't be disappointed at these outlets Aria Bistro and Wine Bar 8 Raffles Avenue #01-09 Esplanade Mall Tel: 6334-6166 Open: 12pm to 2.30pm (Mon-Fri), 6pm to 10.30pm (Mon-Sun) Price range
      753 words
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      Lock icon Dim sum chef goes original
      447 32 Golden Peony Level 3, Conrad Centennial Singapore, Two Temasek Boulevard Telephone 6432-7482 IT'S such a pleasure to step out of the blinding sunlight and blistering heat that have ensconced Singapore over the past weeks, and into Golden Peony. Shaded from the glare of the outside
      447 words
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      917 32 Altitude I ■^T^RSt*! Brought to you by DBS American Express® Cards BS: dbs Altitude American Express® card dQSSk^ DBS American Express® Cards the only Cards that bring you privileges 1 SjS^m from two of the best dining programs in town all-year round P^ <*& More delicious privileges from DBS Indulge
      917 words