The Business Times, 1 October 2008

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Total Pages: 28
1 28 The Business Times
  • 19 1 THE BUSINESS TIMES ssi .oo online at http://www.businesstimes.com.sg «v a Singapore press holdings publication coregnnoi9B4o2B6BE mica(p)l97/08/2008 Wednesday, October 1,2008
    19 words
  • 792 1  -  L£ON HADAR COMMENTARY By in Washington CAPITOL Hill is a place where US lawmakers have supported policies and approved legislation that changed American and world history, including the protectionist Hawley-Smoot Tariff Act that accelerated the coming of the Great Depression and the
    792 words
  • 931 1  -  CONRAD TAN Interbank markets severely strained, but stocks recover on hopes US rescue plan may be saved By [SINGAPORE] Stocks worldwide plunged yesterday and then clawed their way back after US lawmakers stunned investors by rejecting a sweeping plan to save the
    Bloomberg  -  931 words
  • MARKETS DIGEST
    • 38 1 1COMP 1,018.21 -1.04 IIKKEI225 11,259.86 -483.75 IANG SENG 18,106.21 +135.53 ;et index 596.54 -4.75 IAKARTACOMP Closed IANILA COMP 2,569.65 -37.93 ;eoulcomp 1,448.06 -8.30 ;henzhenb Closed IUMBAI IND 12,932.29 +337.15 12N00NEDT Cham )OW 10,650.83 +285.38 IASDAQ 2,055.25 +71.52
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    • 29 1 SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.938 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.56 INDIA 13.75 Source: Bloomberg
      Bloomberg  -  29 words
    • 37 1 IS$ (S$ per US$) 1.428 (US$/S$ per 1.805 2.578 iURO (US$/S$/E) 1.437 2.052 'EN 104.80 73.40 3.428 2.401 IK$ 7.766 5.439 !AHT 33.90 23.74 lUPIAH 9,430 6,605 lENMINBI 6.845 4.794 INDIAN RUPEE 46.46 32.54 1.243 0.871
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  • Page 1 Advertisements
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  • Page 1 Miscellaneous
    • 63 1 SINGAPORE MOTORING £^^^S^^^\ EXEC MONEY BE INSPIRED I STOCKS Sales of VW diesel cars ,gjsjj| M Trying times for Zap for daily inspiration. mm Market cap hits off to good start M3^m j- .^fWHHSR hedge funds Win a Nikon Digital 2-year low rage 2 rage 17 W 0^ Jf PAGE28
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  • TOP STORIES
    • 488 2  -  PAULINE NG With $315 m rebate, it'll pay $1.77 billion for 55.6% stake held by Sorak By in Kuala Lumpur MALAYSIA'S Maybank has clinched a controlling stake in Bank Internasional Indonesia (BII) after persuading the core shareholders of the Indonesian lender to
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    • 917 2  -  JAMIE LEE Watch for chances to bottom-fish soon as downside is limited, say analysts By [SINGAPORE] Singapore's stock market capitalisation plunged to a two-year low last month, as the collapse of US investment banks sent shivers across markets. But the time to
      917 words
    • THREE-MINUTE DIGEST
      • 57 2 STOCKS worldwide plunged yesterday and then clawed their way back after US lawmakers stunned investors by rejecting a sweeping plan to salvage the financial sector. Plans to salvage the massive rescue package aimed at removing the rot from banks and other financial
        57 words
      • 75 2 MAYBANK has clinched a controlling stake in Bank Internasional Indonesia after persuading the core shareholders of the Indonesian lender to sweeten the deal. Maybank managed to obtain a rebate of $315.2 million or the equivalent of 15 per cent discount to the
        75 words
      • 74 2 THE US stock market appeared to be on its way to stabilising itself yesterday as investors sought out bargains in the hope that the government's US$7OO billion bailout plan will eventually be approved. On Monday, Congress had rejected the rescue plan, precipitating
        74 words
      • 57 2 SMRT Corp has agreed to pay $89.7 million for a 49 per cent stake in a leading road transport company, Shenzhen Zona Transportation Group, which has a fleet of 803 buses, 142 charter and tourist buses, 78 long-haul coaches, 830 taxis and
        57 words
      • 50 2 PEOPLE'S Food Holdings, which has faced a shortage of live pigs for pork production, is embarking on commercial pig farming after an evaluation over the past year. This will involve building breeding farms, feed mills and sewage treatment areas. COMPANY NEWS, PAGE 5
        50 words
      • 39 2 JAPANESE-FRENCH consortium Lion Power, Senoko Power's new owner, announced yesterday a $750 million redevelopment of three 30-year-old oil-fired plants into two "greener" and more efficient gas-firing units. SINGAPORE NEWS, PAGE 7
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      • 88 2 THE US may face its longest recession in a quarter century no matter what action Congress takes on Treasury Secretary Henry Paulson's US$7OO billion plan to rescue the battered banking industry. Economists said it now appears that the US economy shrank in the third
        88 words
      • 62 2 BURSA Malaysia has asked the government to relax shareholding requirements that mar the market's attractiveness, industry officials say. The requirements which stipulate minimum bumiputra shareholdings are said to be making local companies with overseas assets reluctant to list locally, and driving a growing
        62 words
      • 49 2 SALES of VW diesel cars are off to a promising start here, says Volkswagen Group Singapore. Since it launched three diesel-engine models in July, the response has been "satisfactory". And though volume is still small, customer interest is healthy. MOTORING, PAGE 17
        49 words
    • 428 2  -  EMILYN YAP He reckons regional stocks may pick up only in 2H 2009 By [SINGAPORE] The financial crisis in the West will hit earnings in Asia, and regional equity markets may only pick up in the second half of 2009, a private
      428 words
    • 618 2  -  CHUANG PECK MING By [SINGAPORE] The man who broke the People's Action Party's (PAP) 15-year monopoly in Parliament in 1981 died of heart failure at Tan Tock Seng Hospital yesterday morning. Joshua Benjamin Jeyaretnam, 82, better known as JBJ, made a piece of Singapore
      618 words
  • Page 2 Advertisements
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  • GLOBAL FINANCIAL CRISIS
    • 644 3  -  ANDREW MARKS Investors seek out bargains in hope of bailout plan getting approval eventually WHAT a difference twen-ty-four hours make. On the day after Congress panicked Wall Street into one of its blackest days ever by rejecting a US$7OO billion bailout widely
      644 words
    • 502 3 Keuters Scramble for cash as banks square books over end of quarter [LONDON] The cost of borrowing overnight dollars on global money markets soared yesterday despite central banks pumping billions into the banking system to prevent it seizing up further after US lawmakers' rejection
      Keuters  -  502 words
    • 420 3 -AP [BRUSSELS] Dexia became the second Belgian bank this week to get a government and shareholder bailout yesterday when Belgium, France and Luxembourg said they would inject almost 6.4 billion euros (Ssl3 billion) to keep it afloat. Dexia, a French-Belgian specialist in lending to
      -AP; AFP  -  420 words
  • Page 3 Advertisements
    • 190 3 Capita Land wishes China a glorious 59 th National Day. For more than a decade, Capita Land has been working alongside our Chinese partners and colleagues to expand our business operations in China, which now spans more than 40 cities. Leveraging on our expertise in residential, retail, commercial, serviced residences
      190 words

  • COMPANY NEWS
    • 317 4  -  TEH SHI NING It will pay $89.7 m for a 49% stake via its subsidiary SMRT Hong Kong By SMRT Corp has agreed to pay $89.7 million for a 49 per cent stake in a leading road transport company in Shenzhen. Via subsidiary
      317 words
    • 207 4 ORNAMENTAL fish exporter Qian Hu Corporation said yesterday that it has begun research to breed pedigree dragon fish or arowana using in-vitro fertilisation. Its partner in the venture is Temasek Life Sciences Laboratory, an institute that researches molecular biology and genetics. Qian
      FILE PHOTO  -  207 words
    • 330 4  -  EMILYN YAP Proceeds will help its proposed share buyback programme By AUSTRALIA and New Zea-land-based gaming group Lasseters International Holdings has sold 12 hotels for As 92 million (*****.95 million), and proceeds will help the company undertake a proposed share buyback
      330 words
    • 182 4 Bloomberg NOBLE Group Ltd, a Hong Kong-based commodities supplier which has more than doubled second-quarter profit, believes earnings may rise to a record this year as grains, coal and metal shipments grow, CEO Richard Elman says. "We've never done better than we have this year," said
      Bloomberg  -  182 words
    • 206 4 Bloomberg SINGAPORE Technologies Engineering Ltd, Asia's biggest aircraft maintenance company, will seek acquisitions as a global financial crisis cuts asset prices. "During such times, there are opportunities for the group in the midst of the market challenges," the company said yesterday in
      Bloomberg  -  206 words
    • 450 4  -  RONNIE LIM It will trade other oil products when conditions improve CHINA Aviation Oil Singapore, which had postponed its targeted second-half re-entry into oil trading because of volatile oil markets and high prices, will now restart with petrochemicals trading, from this quarter (Q4).
      450 words
    • 772 4  -  SIOW LI SEN LOCAL banks normally make money from gapping operations, that is, lending on the interbank market. So the silver lining as some see it within this awful mess is that the three local banks can earn profits from deploying funds on the wholesale
      772 words
    • 366 5  -  LYNETTE KHOO Group exploring possibility of getting usage rights for land in Shandong province PEOPLE'S Food Holdings, which has faced a shortage of live pigs for pork production, is embarking on commercial pig farming after an evaluation over the past year. This will
      FILE PHOTO  -  366 words
    • 227 5  -  VINCENT WEE STAR Cruises said yesterday the sale of its ship Norwegian Dream was not completed due to the buyer's "purported rescission or termination" of the contract and failure to accept delivery of the vessel. Star said in April that it
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    • COMPANY BRIEFS
      • 51 5 CHINA Milk yesterday said that its raw milk samples were tested and confirmed by a government laboratory in Daqing to be free from any trace of melamine. The raw milk samples were also confirmed as compliant with national standards for raw and fresh
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      • 29 5 GLOBAL Voice Group is proposing a renounceable 2-for-l rights share issue to raise gross proceeds of $73.5 million. The issue price is 1.5 cents.
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      • 54 5 BIOSENSORS International Group has missed a deadline to buy out its partner in JW Medical Systems Ltd because government approvals were not obtained by Sept 30. As a result, the proposed agreement with Shandong Weigao Group Medical Polymer Company, announced in January, has
        54 words
      • 47 5 TEE International has clinched a contract to design and construct a dormitory and common facilities for 4,000 workers from Marina Bay Sands Pte Ltd. The contract sum is $11.6 million and the completion time is 75 days from Sept 17.
        47 words
      • 44 5 HIAP Tong Corporation Ltd, a provider of hydraulic lifting and haulage equipment, has lodged its preliminary offer document with the Singapore Exchange seeking a listing on Catalist. CIMB-GK Securities Pte Ltd is the sponsor and placement agent.
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    • 446 5 Bloomberg NEPTUNE Orient Lines Ltd (NOL), South-east Asia's largest shipping line, plunged to the lowest in more than two years in Singapore trading on concerns over slowing global trade and a bid to buy TUI AG's Hapag-Lloyd AG containershipping unit.
      – Bloomberg  -  446 words
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      439 words
    • 21 4 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • Page 5 Advertisements
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    • 2331 5 V*^L r< Toll free: 1800-289-8822 k9^-- IV III If r-i Email: notices@sph.com.sg JL V^-/ JL JL^^ 1 \J www.cats.com.sg ASL MARINE HOLDINGS LTD. (Incorporated In The Republic Of Singapore) Company Registration No. *****8542N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the
      2,331 words

  • SINGAPORE MARKETS
    • 720 6  -  LARRY WEE CURRENCIES Watch the yen it looks like a leading beneficiary on the currency front RISK aversion fears soared this week, causing Wall Street to record some of its heaviest losses overnight following news that US lawmakers had voted against a massive
      720 words
    • 226 6 The week s changes YEAR TO DATE SEPT 30'08 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 105.05 -0.40 112.05 95.71 SGD 1.4262 0.83 1.4542 1.3457 IDR 9430 1.13 9500 9035 THB 33.85 0.27 34.78 31.00 CNY 6.8485 0.51 7.2085 6.8099 MYR 3.4410 0.89 3.4720 3.1310 CURRENCY
      226 words
    • 99 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 9 1 0 0 0 6 9 1 lanufacturing 43 70 56 48 79 63 Commerce 12 28 24 15 31 26 'pt/Stor/Comms 13 15 13 16 16 13 :inance 14 22 14 22 Construction
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    • 105 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 33,634 33,634 135,234 135,234 lanufacturing 329,863 11,007 340,870 278,165 625 278,791 Commerce 109,321 8,471 117,792 125,291 1,567 126,858 ■pt/Stor/Comms 151,426 224 151,650 346,683 31 346,714 :inance 65,995 65,995 643,535 643,535 Construction 14,603 44,485 59,088 1,865 1,714 3,579 ■roperties 123,192
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    • 107 6 lapitaLand 3.060 -0.200 lapitaMall 2.250 -0.060 jtyDev 8.790 +0.190 losco Corp 1.500 -0.090 IBSGrp 16.780 -0.120 :&N 3.550 -0.080 Sent Intl 0.455 +0.005 iolden Agri 0.315 -0.020 IK Land 2.960 -0.070 IMH 26.000 -1.400 ISH 14.100 -0.040 lardineC&C 15.600 +0.800 leppel Corp 7.850 -0.120 leppel Land
      107 words
    • 813 6 Singapore Exchange Sept 30 close: $6.13 KIM ENG, Sept 30 RISING market volatility has swung the share price of SGX to a low of $5.70, near our TP of $5.60. But we think it is still too early to upgrade the stock. We are lowering our average daily
      813 words
    • 544 6  -  R SIVANITHY STOCKS HOPES that the US Treasury and Federal Reserve will revive their failed US$7OO billion bailout plan helped support stocks yesterday, limiting the Straits Times Index to a 2.43-point net loss at 2,358.91-af-ter it looked set to collapse earlier when it
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    • 4 6 DAILY
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    • 59 6 CLOSE BT OB/OS -584.00+155.0 BT CADI -*****.00 -84.00 BT 10-day MA -*****.00 -58.00 FTSE ST Mid Cap 509.92 +5.29 FTSE ST Small Cap 418.88 -2.89 FTSE ST All Share 573.94 +0.25 FTSE ST China Top 236.81 -5.23 FTSE ST China 239.04 -5.98 UOB Catalist 102.80 -0.93 SiMSCI
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    • 55 6 VOLUME Golden Aqri 137,800,000 CapitaLand 63,705,000 SingTel 52,064,000 Noble Grp 43,241,000 Yanqzijianq 39,736,000 China Honqxinq 29,921,000 Sunmoon 28,867,000 Cosco Corp 28,116,000 Magnus 26,485,000 BanyanTree 23,523,000 VALUE(S) DBS Grp 222,841,930 CapitaLand 188,375,660 UOB 163,595,640 SingTel 161,728,250 OCBC Bk 136,123,080 SGX 98,432,860 Keppel Corp 84,690,670 S I A 67,692,740
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    • 103 6 BY CENTS CLOSE UP 8810 305.4 2.5 GLD 10US$ Jardine C&C 1560 80.0 5.4 India Ni 10 1188 38.0 3.3 STI 3000SGAePW*****0 138 31.0 29.0 China H 10US$ 1184 28.5 1.7 ISMSCI India 100 495 24.3 3.6 STI2600BNPePW*****0 78.5 24.0 44.0 DBS MBLiCW*****0 320 21.0 7.0 Cifr 879 19.0
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    • 115 6 CLOSE DOWN JMH 2600-199.8 -5.1 WBL Cor| 310-150.0 -32.' Asia Pac Brew 1080-140.0 -11.5 OCBC Bk5.1%NCPS 100 9724 -60.0 -0.6 RSH Ltd 90 -50.0 -35.7 DBS MBL JCW*****3 406 -49.0 -10.8 CIMBAsean40 100US$ 665 -42.8 -4.3 Great Eastern 1342 -38.0 -2.8 DBS Bk6% NCPS 10 ***** -30.0 -0.3 Korea
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    • 84 6 Sep30 CLOSE CHNG FR Sep 29 YR2008 S$ LOW S$ HIGH USS 1.4262 0.48 1.4542 1.3457 Euro 2.0499 0.41 2.2064 2.0070 Pounds 2.5733 0.52 2.8431 2.5018 AS 1.1527 1.92 1.3251 1.1229 Yen* 1.3576 -0.63 1.4484 1.2619 Rupiah* 0.***** 0.48 0.***** 0.***** Baht* 4.2133 -0.17 4.4299 4.0190
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  • SINGAPORE NEWS
    • 417 7  -  NISHA RAMCHANDANI Singapore cannot rest on its laurels, he says, as more night races will be added SINGAPORE may have a successful Formula One Grand Prix under its belt, but lessons learned from the first race need to be applied next year,
      417 words
    • 122 7 FINANCE permanent secretary Teo Ming Kian has been reappointed a director of the Monetary Authority of Singapore (MAS), the central bank said yesterday. His new term starts today and runs until May 31, 2010. Mr Teo is also permanent secretary for national research and
      122 words
    • 291 7 Overseas Union Enterprise Ltd $50,000 Capita Land Hope Foundation $30,000 United Overseas Bank Ltd $15,000 Cerebos Pacific Ltd $6,000 Philip Electronics Singapore Pte Ltd $6,000 Straits Asia Resources Ltd $5,000 Mr Howard Delaney $4,600 Accenture Pte Ltd $3,000 Baxter Healthcare (Asia) Pte Ltd $3,000 Beng Hui Marine Electrical
      291 words
    • 241 7  -  CHRISTOPHER LIM THE Singapore Flyer featured prominently in coverage of last weekend's Formula One Grand Prix here. But the huge observation wheel is buzzing today with sounds quite different from screaming race car engines those of 1,000 under-privi-leged children having some good
      241 words
    • 1062 7 Chua Swee Kiat General Manager, Corporate Communications, M 1 This was one request we could not decline, knowing that our contribution, no matter how small, would enable a few more children to enjoy the Singapore Flyer for the first time in their lives. Bringing a smile to
      1,062 words
    • 530 7  -  RONNIE LIM JAPANESE-FRENCH consortium Lion Power, Senoko Power's new owner, intends to make Singapore's largest generating company (genco) a fully integrated energy outfit, with strategic plans to go into LNG trading longer term, on top of trading of just electricity and carbon credits. It announced
      530 words
    • 365 7  -  SAMUEL EE BOSCH and Infineon are among a group of auto suppliers who will collaborate with the Agency for Science, Technology and Research (A*Star) to engage the industry and the local research and development community to drive innovation. The objective of
      365 words
    • 189 7  -  ARTHUR SIM THE Urban Redevelopment Authority (URA) has received a top bid of $26.3 million from Sim Lian Land for an industrial site at Übi Avenue 4. This works out to about $85 per sq ft per plot ratio (psf ppr). It is 13.6
      189 words
    • 365 7  -  LEE U-WEN THEY had lived overseas for years, but two employees were still receiving wages and director's fees of more than $220,000 a year from their family-owned company. And in another case, a shareholder paid his parents and parents-in-law a total of $140,000 over
      365 words

  • ECONOMY WATCH
    • 964 8 Bloomberg Paulson's USs7oob bank rescue package unlikely to prevent recession [WASHINGTON] The US may face its longest recession in a quarter century no matter what action Congress takes on Treasury Secretary Henry Paulson's US$7OO billion plan to rescue the battered banking industry. Economists including
      Bloomberg; BLOOMBERG  -  964 words
    • 32 8 How major currencies performed against the US dollar this quarter to date compared with when Lehman filed for bankruptcy on Sept 15 to date Source: Bloomberg Bloomberg
      Bloomberg  -  32 words
    • 773 8 Bloomberg [WASHINGTON] The Federal Reserve may need to consider dipping further into its toolbox as Congress tries to revive legislation aimed at rescuing banks. One of the main remaining options for Fed chairman Ben Bernanke to cushion the US economy and shore up
      – Bloomberg  -  773 words
    • 770 8 Reuters [TOKYO] Japan's jobless rate rose to a two-year high in August and industrial output fell the most in seven years, deepening the gloom in an economy on the brink of recession just as markets fear a global financial meltdown. Tokyo's stock market
      – Reuters; REUTERS  -  770 words

  • MALAYSIA
    • 525 9  -  S JAYASANKARAN 30% ethnic Malay equity requirement seen marring market's appeal BURSA Malaysia, the former Kuala Lumpur Stock Exchange, has asked the government to relax shareholding requirements that mar the market's attractiveness, industry officials say. The requirements which stipulate minimum bumiputra, or ethnic Malay, shareholdings
      AP  -  525 words
    • 476 9 Reuters [KUALA LUMPUR] Malaysian inflation will fall towards the end of the year from 27-year highs as the effects of a commodities price shock and a cut in fuel subsidies fade but a poll shows it will still come in higher than initially
      Reuters  -  476 words
    • 250 9 Bloomberg [PUTRA JAVA] Malaysia may review its growth targets for 2008 if the global economy worsens amid deepening financial turmoil, Finance Minister Najib Razak said yesterday. "If the current situation leads to a significant downturn, then we would have to re-evaluate" the targets,
      Bloomberg  -  250 words
    • 722 9 Reuters Not time to cut rates, says central bank governor [KUALA LUMPUR] The US financial crisis is in its early stages and may pose added risks to Malaysia's growth, its central bank head told Reuters in an interview on Monday, though
      Reuters; REUTERS  -  722 words
  • Page 9 Advertisements
    • 24 9 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg s MATS NOTICES
      24 words
    • 422 9 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEMHOTEL MANAGEMENT PTE LTD (Company Registration No. *****6953N) (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING UP NOTICE is hereby given that at an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held
      422 words

  • GREATER CHINA/INDIA
    • 487 10 Bloomberg Central bank adviser expects more easing of policies to spur credit, home loans [TORONTO] China may ease limits on mortgages and business loans instead of lowering interest rates, as a global slowdown threatens to pull economic growth below 9 per
      – Bloomberg; AP  -  487 words
    • 690 10 Bloomberg [NEW DELHI] India's rupee may continue Monday's drop to a five-year low as the trade deficit swells and overseas investors dump local shares, said treasurers at Larsen Toubro Ltd, Hero Honda Motors Ltd and Essar Group. Dwindling capital inflows, elevated
      – Bloomberg  -  690 words
    • 375 10 Reuters [MARSEILLE] The European Union and India pledged on Monday to accelerate talks on a free trade deal, and EU president France said it would discuss doing business with New Delhi in the field of nuclear energy. Progress in negotiations on
      – Reuters; i AFP  -  375 words
    • 687 10 Bloomberg Doing so will ease credit shortage, restore confidence [NEW DELHI] India's central bank should make more cash available to lenders to ease a credit shortage and restore investor confidence, executives at Alok Industries Ltd, Jaiprakash Associates Ltd and Balrampur Chini Mills Ltd
      Bloomberg  -  687 words
    • 226 10 AFP [KOLKATA, India] Talks to save an Indian plant slated to turn out the world's cheapest car, the Nano, have been delayed until at least this month, officials said on Monday. The Marxist government of West Bengal state had that said it would hold
      AFP  -  226 words

  • ASIA-PACIFIC/WORLD
    • 539 11 Reuters, AP LATEST US DATA But survey's Sept 23 deadline does not reflect latest market events [NEW YORK] US consumer confidence improved in September as inflation expectations fell to a six-month low, the Conference Board said yesterday, though it noted that its survey
      Reuters, AP; BLOOMBERG  -  539 words
    • 408 11 Bloomberg [GENEVA] ÜBS AG, the European bank with the biggest losses from the credit crisis, may report a fifth straight quarterly writedown and more withdrawals by wealthy clients as the credit crisis hits Europe in full force. Markdowns at Zu-rich-based ÜBS will probably amount to
      – Bloomberg  -  408 words
    • 646 11 Bloomberg, Neuters [TOKYO] Asian leaders urged US lawmakers to pass the US$7OO billion financial rescue package, pledging to provide liquidity to banks and take any action necessary to ensure stability. "The entire world is taking measures against a system meltdown," Japan's Prime Minister Taro
      – Bloomberg, Neuters  -  646 words
    • 451 11 Bloomberg [SEOUL] South Korea, Taiwan and Indonesia have placed bans on short-sell-ing as declines in global stock markets deepened after the US House of Representatives rejected a US$7OO billion plan to rescue the nation's financial system. Regulators in Seoul said they would temporarily ban
      Bloomberg  -  451 words
    • 304 11 Bloomberg [NEW YORK] New York State may lose as much as US$3.5 billion of tax revenue and 40,000 financial industry jobs because of losses on Wall Street, according to state comptroller Thomas DiNapoli. The job loss estimates, released on Monday, are up from
      Bloomberg  -  304 words
    • WORLD WATCH
      • 138 11 Reuters [NEW YORK] Singapore's Temasek Holdings has increased its stake in Merrill Lynch Co Inc to 13.7 per cent from 9.4 per cent, according to a US regulatory filing. The sovereign wealth fund is Merrill's largest shareholder. Bloomberg News reported earlier this month that
        – Reuters  -  138 words
      • 88 11 Reuters [MUMBAI] India's central bank joined ICICI Bank to reassure investors and customers about the financial health of the country's second-largest bank, saying ICICI was well capitalised and has enough cash to meet depositor demands. Shares in ICICI surged as much as 8.7 per cent
        Reuters  -  88 words
      • 62 11 Bloomberg [SHANGHAI] China Merchants Bank, the nation's fifth-largest by market value, completed the purchase of Hong Kong's Wing Lung Bank in its first acquisition overseas. China Merchants acquired 53.1 per cent of Wing Lung yesterday and will make a general offer for the rest
        Bloomberg  -  62 words
      • 95 11 Bloomberg [BANGKOK] Thailand's current account deficit narrowed from July's US$9O6 million to US$B53 million in August, said the Bank of Thailand. The trade deficit in August was US$675 million, compared with US$762 million in July, the central bank said. Imports grew 27 per
        – Bloomberg  -  95 words
      • 95 11 Bloomberg [LONDON] The UK economy grew at the weakest annual pace since 1992 in the second quarter as the financial crisis curbed investment, construction and industrial production. Gross domestic product rose 1.5 per cent from a year earlier, the Office for National
        – Bloomberg  -  95 words
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      41 words
    • 22 11 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email I notices@sph.com.sg.
      22 words

  • US FINANCIAL CRISIS
    • 1101 12  -  TOM PETRUNO -LAT Few want to help the fat cats but rooting for the banks' demise now risks pushing the economy into a deep recession By [LOS ANGELES] THE anti-bailout crowd got what it wanted on Monday: More pain for
      -LAT; AP  -  1,101 words
    • 588 12  -  DAVID PAULY Bloomberg [NEW YORK] The three most flummoxed people in the investment community today may be Warren Buffett, Jamie Dimon and Vikram Pandit. They have just risked billions of dollars of their respective companies Berkshire Hathaway, JPMorgan Chase Co and Citigroup Inc in
      – Bloomberg  -  588 words
    • 503 12 -NYT [NEW YORK] The crisis gripping the nation's banks took a dangerous turn last week as investors' confidence in even the largest and strongest institutions spiralled lower. Financial shares plunged 16 per cent on one of the blackest days for the American
      -NYT  -  503 words

  • AMID THE CRISIS
    • 96 13 MSCI All World Index September 2008 WM Fed seizes Fannie Mac and Freddie Mac llil Lehman puts itself up for sale 1H Lehman declares bankruptcy 10 Fed loans AIG $85b ITI UK bank Lloyds agrees to buy HBOS UJ Fed proposes $700b bailout plan E! Warren Buffet
      Thomson Reuters  -  96 words
    • 444 13 Bloomberg Banking crisis pushes central bank to pump USs63ob into financial system [SAN FRANCISCO] The US "is resilient" and will probably emerge from the credit crisis with a more robust economy, said Thomas Hoenig, president of the Federal Reserve Bank of Kansas City.
      – Bloomberg  -  444 words
    • 668 13 -AFP [MADRID] With a shrewd and low-risk expansion policy, Spain's largest bank Santander has escaped the global financial crisis and still remains on the lookout for new takeover targets. This prudent strategy was demonstrated again late on Sunday in its purchase of part of the
      -AFP; REUTERS  -  668 words
    • 987 13 Bloomberg [NEW YORK] Warren Buffett, the billionaire investor who decried Wall Street's "casino" mentality, is back at the table 11 years after his last bet ended. This time he has put down more money US$5 billion for a
      Bloomberg; BLOOMBERG  -  987 words

  • WORLD
    • 492 14 Bloomberg Russian reserves enough to stabilise markets, creating opportunities [MOSCOW] Investor Mark Mobius said that he's looking for "bargains" in Russia after a record stock market decline in Moscow. Russia's government, with the world's third-lar-gest currency reserves, should be able to stabilise
      – Bloomberg  -  492 words
    • 621 14 Bloomberg TURNER PRIZE By MARTIN GAYFORD [LONDON] Contrary to its reputation, the Turner Prize does not always present work that is shocking, outrageous or offensive. Often, the contest is low-key. This year, the question that comes to mind walking around it is not
      Bloomberg; AP  -  621 words
    • 659 14 Reuters [PAßlS] Lanvin is in talks to sell a stake to a Qa-tar-based investor in a deal that could value the French fashion house at around 150 million euros (*****.3 million), according to industry and financial sources close to the matter.
      – Reuters  -  659 words
    • 510 14 Reuters Analysts say bigger risk premium could be priced into oil [DUBAI] Closer cooperation between the Organization of the Petroleum Exporting Countries (Opec) and Russia, which between them supply half of the world's oil, could see a bigger political risk premium priced into oil
      – Reuters  -  510 words
    • 480 14 Reuters [NEW YORK] Dozens of US retailers are being closely watched by bankruptcy and restructuring professionals as the crucial holiday sales season approaches. Those at greatest risk are chains selling goods and services considered non-essential, or ones that are loaded with debt,
      Reuters  -  480 words

  • AVIATION
    • 495 15 Reuters Japanese airlines face more delays as machinists in US continue to strike [TOKYO] Boeing said yesterday it would reassess its 787 Dreamliner aircraft delivery schedule for the Japanese market when an ongoing strike ends, raising concern that a prolonged production halt could further push
      – Reuters  -  495 words
    • 119 15 -AFP [TOKYO] The Asia-Pacific region is expected to become the biggest aviation market in the world within about a decade, a senior official at US airplane maker Boeing said Tuesday. As a result of the rapid growth of emerging markets, the centre
      -AFP  -  119 words
    • 375 15  -  YEN SREENIVASAN [SINGAPORE] International air traffic continues to slide amid the worsening financial market turmoil. And Asia-Pacific carriers generally seen as more resilient to a slowdown are taking a big hit on the freight front, according to new figures from the International
      375 words
    • 1132 15  -  JANE MOIR TALES of shoddy service, dilapidated facilities, long queues and lost luggage at London's airports are legendary. In 2006, the Office of Fair Trading took note and launched an investigation. And the following year, it concluded that travellers were getting a raw
      BLOOMBERG  -  1,132 words
    • 2572 15 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,572 words
  • Page 15 Miscellaneous
    • 233 15 CRYPTIC CROSSWORD ACROSS n l 12 I b l p l —[6 l [7 l Is —I 14 Publications giving incite--1 Charm of Dutch navigator, ',^^^H.^_ ment to disorder, first to last (4 3 6) I pT"^! Pr °bably doesn't exist ter the diving competition? H^ HH found (4) (4,3,6)
      233 words

  • SHIPPING
    • 526 16  -  VINCENT WEE It plans to tap on parent's systems, processes, and set up training school [SINGAPORE] Despite some drawbacks, Drydocks World-SE Asia remains confident that it will emerge more competitive once better work processes are in place. Speaking to media in the wake of several
      526 words
    • 200 16 Reuters [KUALA LUMPUR] Malaysian shipping firm MISC Bhd is to continue using the Gulf of Aden despite having been forced to pay a ransom to recover two of its vessels hijacked by Somali pirates. The state-owned company said yesterday that the two vessels,
      – Reuters  -  200 words
    • 299 16 Reuters [HONG KONG] Hong Kong, one of the world's iconic port cities, said yesterday it would finance a new HK$7 billion (551.28 billion) cruise terminal to avoid further delays after an earlier failure to find suitable investors. Hong Kong has long been
      Reuters  -  299 words
    • 1015 16  -  DAVID HUGHES STRAIT TALK Otherwise, ships will have to take longer route, jeopardising world trade MY intention was for this column to look at increasing challenges facing the liner shipping industry. Events have overtaken that plan as this week increasingly becomes
      1,015 words
    • 357 16 Reuters [LONDON] The maritime industry united on Monday to condemn governments and naval powers for failing to protect merchant shipping from acts of piracy off Somalia and in the strategic Gulf of Aden. It was the second such rebuke from the industry
      – Reuters; AFP  -  357 words
    • 464 16 Bloomberg [LONDON] Crude traders are lining up a flotilla of North Sea oil cargoes to sail to the Gulf of Mexico as falling stockpiles and lower production following hurricanes Gustav and Ike boost US demand. BP Pic is among oil
      – Bloomberg  -  464 words
    • TRANSPORT STOCKS
      • 101 16 '000 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 0.52 0.29 1.50 0.50 1.14 0.85 0.05 0.96 1.03
        101 words
      • 36 16 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.68 8.65 8.15 3.06 2.97 0.10 unch -0.01 0.05 unch -0.02 -0.03 unch unch 1 572 817 439 13 75 0
        36 words
      • 12 16 ■oo 'recious Ship Regional Cont .15.10 .13.20 -0.10 -0.30 1288 31
        12 words
      • 11 16 '000 Doil iingamas Cont 19.52 1.18 0.06 0.01 246: 711
        11 words
      • 22 16 '000 'eso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.00 25.50 unch 1.12 -0.10 unch unch 0.02 992] 1151 101
        22 words
      • 22 16 Evergreen Marine ...14.30 :irst Steamship 36.90 Wan Hai Lines 14.00 fang Ming Marine...10.90 -0.80 -2.75 unch -0.15 9 1 3 11
        22 words
      • 41 16 '000 iep^ 'en (awasaki Hvy Ind ..218.00 3.00 1193! (awasaki Kisen 632.00 4.00 733( Mitsubishi Hvy 446.00 -15.00 3011: Mitsui Eng&Sbldg...194.00 -5.00 147K Mitsui Osk Lines 884.00 -5.00 1284! Mippon Express 464.00 -25.00 630' MipponYusen 668.00 -13.00 1145: iource: Reuters
        41 words
    • 581 17  -  SAMUEL EE German marque has launched 3 models to coincide with a change in special tax SALES of VW diesel cars are off to a promising start here, says Volkswagen Group Singapore (VGS). Since it launched three die-sel-engine models in July, the response
      581 words
    • 378 17 -AFP Sensor recreates highly complex eyes of a bumblebee [MAKUHARI, Japan] Japan's Nissan Motor has tapped into an unlikely source of inspiration for technology to prevent car crashes bumblebees. The Biomimetic Car Robot Drive, or BR23C, is a metre-high ducklingshaped robot with a sensor
      -AFP  -  378 words
    • Article, Illustration
      680 17 Reuters Montezemolo attacks 'circus' track, use of safety car [MILAN] Ferrari president Luca di Montezemolo has poured scorn on Sunday's Singapore Grand Prix, saying the "circus" track and the use of the safety car had been humiliating for Formula One. Formula One's first night race drew rave reviews from participants
      Reuters  -  680 words
  • Page 16 Advertisements
    • 105 16 SOUTH EASTASIAAND SOUTH ASIA TO/FROM NEW ZEALAND NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, we wish to inform the trade that with effect from 1 November 2008, the BAF for all shipments from Singapore, Malaysia, Thailand, Indonesia, Vietnam and India Sub-Continent (India,
      105 words

  • Page 17 Advertisements
    • 55 17 <* v o $-T Lianhe Zaobao I Especially to HK, Macau Thailand I TUNE IN TO Golden Week I IVLl ittV it Sees I Af^JElCICIN 5 nShai I BIGGEST HITS Mm Emm |l f3J| I 111 ChinGSG I OHCEUS BROWN I outbound I TT T WB travell T*ll now! ■^BBM«
      55 words

  • EDITORIAL & OPINION
    • 544 18 THE defeat of the plan to bail out the American financial system in the US House of Representatives on Monday has come as a shock and a surprise to many, including members of the US Congress themselves. Taking the cue from the subsequent plunge
      544 words
    • 1274 18  -  HUGO DIXON An institution seen as a goat must act very rapidly or it could land in the knackers' yard ANYBODY who has been on an accelerating treadmill knows the feeling. It starts off at a gentle pace. Then it speeds up. You
      AFP  -  1,274 words
    • 830 18  -  DAVID BROOKS NYT THE BOTTOM LINE IN 1933, Franklin Roosevelt inherited an economic crisis. He understood that his first job was to restore confidence, to give people a sense that somebody was in charge, that something was going to be done. This generation
      NYT  -  830 words
    • 853 19  -  DANA MILBANK THE bailout bill was going down to defeat on the House floor yesterday, and Democratic and Republican leaders were desperately trying to twist arms and change votes when a bipartisan group of backbenchers began to heckle them. "Regular order!" they cried, demanding that the
      AFP  -  853 words
    • 591 19  -  STEVEN PEARLSTEIN LAT-WP By YVEY. That is the technical ecoI nomic term that best sums up a day in which the US House of Representatives refuses to pass a US$7OO billion rescue plan pushed by the White House and Congressional leaders from both parties, Wachovia
      LAT-WP  -  591 words
    • 688 19  -  ANDREW J BACEVICH PRESIDENT Bush will leave office without concluding either of the two wars he initiated after Sept 11, 2001. Now, in the waning months of his administration, the president seems intent on expanding his "global war on terror" still farther. To
      688 words


  • SINGAPORE STOCKS
    • 8888 20 Transaction date: Sep 30 52-wks Tel |h Low Code Last Sale Vol C000) Hii Day Last Quote Div Gr Yld Net [h Low Buyer Seller C'vr P/E M Cap Smil Hi. Com| >an] 5716 1st Software 16 4 3148 STelecom 21.5 5 5834 A-Sonic 110 100 6389 ABF
      8,888 words
    • 2025 21 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
      2,025 words
    • 74 21 52-Wk Tel h Low Code Last Sale Vol Cooo) Day lh Low Last Quote Buyer Seller Div GrYld C'vr Net P/E MCap $mil _Hm Com _Hm ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3
      74 words
    • 60 21 Hii Low Code Comi Sale codoi Hii Low Bui Seller C'vr P/E imil 123.8 55 6000 AVJennings 20.5 4 6134 Over&Gen 48.5 9.5 6017 StarCruises 283 130 6019 TanChonglnt A57cd A8 IIS9.5 IIK146 -0.5 unch 1233 12 10 146 9.5 145 45 3 9.5 130 13 10 169
      60 words
    • 8706 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.748/ 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 0.8246/ APS
      8,706 words
  • Page 20 Advertisements
    • 32 20 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB W& 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. 1 M Internet: Http://www.audemarspiguet.com m I j Sjß^jß
      32 words


  • FINANCE & COMMODITIES
    • 359 22 %dy %yr dy yr dy yr Index Change Change Change Change Change Change 29 forld Index Preliminan 860.2 -3.9 -24.0 -4.0 -25.1 -4.2 -24.6 1AFE Preliminai 802.5 -4.2 -28.4 -4.7 -30.0 -5.0 -29.5 ■uro[ Preliminan 1088.9 -5.2 -29.4 -6.3 -32.4 -6.5 -31.9 'acific 709.9 -2.1
      359 words
    • 60 22 Sep 30 Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low Oct 08 2024 Nov08 2014 Dec 08 2029 Jan 09 2002 Total o/p: ***** contracts 2073 2144 2023 2065 2107 1995 2090 2119 1988 2092 2118 1995 Turnover: ***** Market tone: Lower
      60 words
    • 26 22 ib_ Sep 30 Sett ten Hii STI SIMSCI Oct 273.3 294.2 291.6 Taiwan Se 216.5 223.9 223.7 Source: MF Global (S) He. Ltd
      26 words
    • 23 22 Sep 30 SS Bid Offer 1-month 1.4245 1.4260 2 months 1.4219 1.4234 3-months 1.4187 1.4204 6-months 1.4119 1.4136 Source: OCBC
      23 words
    • 156 22 Sep3o Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.1480 1.1494 0.8044 0.8047 Canadian dollar 1.3611 1.3630 0.9537 0.9542 Euro 2.0506 2.0525 1.4368 1.4369 NZ dollar 0.9638 0.9649 0.6753 0.6755 Sterlin. md 2.5762 2.5788 1.8051 1.8054 US
      156 words
    • 278 22 Sep3o OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 EUROYEN TIBOR FUTURES 96.6500 97.2300 97.2100 97.1400 ***** 6169 4347 4014 DecO8 99.170 99.170 MarO9 99.190 99.190 JunO9 99.150 99.150 SepO9 DecO9 Mar10 Jun10 Sep10 EUROYEN LIBOR FUTURES 99.145 99.160 99.150 99.150 99.195 99.140
      278 words
    • 239 22 Sep3o RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Oct 08 250.0 Nov 08 251.5 Dec 08 248.8 Jan 09 257.0 FebO9 257.0 Mar 09 257.0 248.5 249.5 246.5 241.0 240.7 242.7 248.5 249.5 246.7 241.0 240.7 242.7 128
      239 words
    • 129 22 As at 9am Sep3o Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1380 1.1520 Can dollar 1.3590 1.3750 Euro 2.0470 2.0700 NZ dollar 0.9510 0.9710 iterlini ind 2.5690 2.6000 US dollar 1.4240 1.4400 Local dollars to 100 units of foreign currency:
      129 words
    • 173 22 Sep3o $S_ Offer Overnight 1 1-month 1 7/8 2-months 1 7/8 3-months 1 7/8 Overnight mode: 1 7/8 US$ Offer 3/4 1 5/8 1 5/8 1 5/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 5.20 5.50 5.50 5.50 5.50
      173 words
    • 466 22 Sep 30 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.843 5.507 0.560 6.248 37.379 75.869 0.843 9.711 2.758 1.191 62.956 37.854 1.149 6.693 0.883 25.884 27.274 0.446 0.805 Canada 1.186 6.530 0.664 7.408
      466 words
    • 164 22 Sep 30 GOLD (USS/oz) Sep 29 Sep 30 GOLD BULLION COINS (S$) Sellini Hong Kong 871.10 894.00 872.10 895.00 Sep 26 Sep 29 London 888.20 897.30 890.20 899.30 Source: Reuters (SS) Selling Buying i~oz 1432.73 1291 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $502.90 412 SILVER Selling
      164 words
    • 68 22 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2391.00 2439.80 3 months 2441.00 2490.00 Copper, Grade A (USS/tonne) Cash 3 months 6460.50 6440.00 6811.50 6775.00 Lead (USS/tonne) Cash 1806.50 3 months 1825.00 1943.50 1960.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3 months *****.00
      68 words
    • 72 22 Sep29 (£/tonne) Close Prev Hii ih/Low Dec 08 1468 1531 1515/1467 Mar 09 1492 1557 1539/1490 May 09 1488 1549 1525/1486 JulO9 1490 1549 1512/1509 COFFEE (US$/tonne) Close Pev High/Low SepO8 2004 2079 2074/2060 Nov08 2020 2099 2095/2015 Jan 09 2073 2137 2132/2066 SUGAR (US tonne) White Close Prev
      72 words
    • 72 22 Sep 30 1 mth 3.***** 1.***** 2 mths 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** mths 1.***** I mths 2.***** 2 mths 2.***** iWAP Mid
      72 words
    • 88 22 Sep3o Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****V 02.01.09 1-Year BY*****N 04.05.09 1.65 1.70 1.65 1.65 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X
      88 words
    • 100 22 iep/y (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov 08 1094.00 1164.00 1120.00 1094.00 Jan 09 1110.50 1180.50 1133.00 1110.50 MarO9 1124.25 1194.25 1149.00 1124.50 May 09 1137.00 1207.00 1161.00 1137.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 08 44.70 47.40 45.40 44.50 Dec 08
      100 words
    • 76 22 CRUDE OIL PRODUCTS Sep29 :RUDE (FOB origin) IS$/barrel Close Cham irent blend (1-Mth F) 97.64 -4.83 WTI (Near Mth) 96.15 -10.82 iubai (1-Mth F) 94.91 -1.57 "apis blend 105.10 -1.25 i/linas 100.15 -1.50 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha let Kerosene 86.22 118.10 -2.00 -3.20 JS$/barrel )pec Oil Basket
      76 words
    • 2989 22 BONDS WARRANTS Tel Code Com| Tel Code Company 2058 Advance Modules Grp W*****3 2036 Advance SCT Ltd W*****9 9092 Asia Environment W*****4 4481 Asia Water Tech Ltd W*****0 3816 #Asiasons Capital Ltd W*****7 8756 Asiatic Grp (H) Ltd W*****2 4105 #AsiatravelW*****7 2878 Aztech Systems W*****6 4912 #Baker Tech W*****3 4014
      2,989 words
  • Page 22 Advertisements
    • 178 22 fs. m mmMmmmi A What fuels the rise and fall of energy prices: OOITGCtIOn 111 I Strength of the U.S. dollar mL Fund activity and speculative interests I ninO PriCOC r m. P^^%>i m\ Geopolitical tensions in oil-producing countries V/lUUC Vyil rIIUCOi %^i^m^ m Demand and supply of oil products
      178 words

  • Page 23 Advertisements
    • 2501 23 m The Business Times Shipping Times ak ■^ff^flTTJJTffTffJ^ffTffljffffiß WAN HAI INTERNATIONAL PTE LTD cr NO: N*****0000/r W^L \T A IS ■:faigMlWJm»f»k^WWffiaßMiHl ■■>■ TIL 6«261 SBB <I 4 UNES) FAX: *****163 V •iFy^lfJJFf^ EsHaCE IgfWiHJUS YAM 1 WAN HAI INpN Cusloinei Setvke/Bookings Dire<l Line (1800) *****200 m X A rf» 1
      2,501 words

  • Page 24 Advertisements
    • 3414 24 RICKMERS-LINIE 11 Tir^n EASTERN CAR LINER, LTD IPS c^m I uSe!" 0"'6'""7"16"7506 COnVen"Ongl WebS"e: ~Htkmer^- lf-~J I specauze in RORO heavy uft UPTO 450 tSFJTI WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB I NEN I
      3,414 words

  • Page 25 Advertisements
    • 3373 25 IPI J AMnCDCCM Tel: 65-*****907 Fax: *****917 I W^.^^^B E3 WSM E3 HSI B9 K5 A iNUb.Ksb.iN [lnai i :os< osio<om i nsn cinov NAi/lfiilTlflN rrmipl ■S^NLV^V ISJ Bs9 E^fl shipping company/ 70 SheMon Way, #21-03 Marina House Singapore *****8 ULI»Ii IIHWIUftI lUil UltUUr I fcwiirIi^HPMHMMiWWI^MWI MMM WM north west
      3,373 words

  • Page 26 Advertisements
    • 3839 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
      3,839 words

  • EXECUTIVE MONEY
    • 1618 27  -  KELVIN TAY Need of the hour is to invest in a global balanced portfolio complemented by a portfolio of high-yielding Singapore stocks THE financial chaos engulfing Wall Street has left investors and market observers breathless and shaken by the capitulation of once venerable global financial
      FILE PHOTO  -  1,618 words
  • Page 27 Advertisements
    • 234 27 You'll put us first because we put you first. We put you first with our platform. It's clear and easy to use, putting thousands of markets at your fingertips. And all with prices you can trust. We put you first with customer service. Our staff are friendly as well as
      234 words

  • Untitled
    • 917 28  -  GENEVIEVE CUA But analysts say it's a matter of being able to manage through the risks as hedge fund performance remains relatively stronger than traditional equities, reports EXTREME stress in financial markets is putting pressure on hedge funds, where the closure rate and redemptions are
      917 words
    • 1089 28 ■NYT [NEW YORK] First, the money rushed into hedge funds. Now, some fear, it could rush out. Even as Washington reached a tentative agreement on Sunday over what may become the largest financial bailout in American history, new worries
      ■NYT  -  1,089 words
  • Page 28 Advertisements
    • 334 28 COMMERCIAL* United States of America W Department of Commerce Two prominent American restaurant brands are seeking franchisees in Singapore and other Asian countries. California Fresh America's leading Mexican chain in 2007. California Fresh serves m tfl*\&fk J f/l fTv*^^»T[ deliciously fresh, high-quality, California-style Mexican food that frXff iTI/f^fy "T-~" v
      334 words
  • Page 28 Miscellaneous