The Business Times, 3 October 2008

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSIENSS TIMES Ssl.oo online at http://www.businesstimes.com.sg •S* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Friday, October 3,2008
    20 words
  • Article
    Lock icon Private home prices ease after 4 years
    598 1  -  EMILYN YAP Strength in HDB resale prices in Q3 anchors market overall while private residential prices dip 1.8%, flash estimates show By [SINGAPORE] Third-quarter private property prices fell for the first time after 17 straight quarters of growth. And with financial and economic
    598 words
  • Article
    Lock icon Bailout plan sails through Senate – but here comes the hard part
    686 1  - Bailout plan sails through Senate but here comes the hard part ANDREW MARKS Markets expected to be in nervous limbo until House clears bill on Friday By in New York WALL STREET is bracing itself for another ride on the see-saw of hope and fear even though the US Senate
    686 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      52 1 FINANCIAL LIFESTYLE I l|ljj|l SHIPPING BE INSPIRED I INVESTMENT High hopes for first &m M jS|?M Call for urgent global Zap for daily inspiration. _h MAS to review structured Spore Beer Fest action on piracy Win a Nikon Digital products rules page 2 PAGE3I L-!«^l!-^i page 20 Camera! page 10
      52 words
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  • TOP STORIES
    • Article
      Lock icon MAS to review structured products rules
      549 2  -  GENEVIEVE CUA Three independent consultants to look into complaints, resolution processes By [SINGAPORE] The Monetary Authority of Singapore will review how structured products are marketed by financial institutions, in a move to keep the rules relevant. The review will take place some time in
      549 words
    • Article, Illustration
      Lock icon Singapore recession will last several quarters: Citi economists
      748 2  -  ANNA TEO Worst will likely be in H1 2009, they predict in new report By [SINGAPORE] It's no longer a question of if but how severe, and not just "technical" in nature. The recession widely expected to have set in here may
      748 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Private home prices falter after 4 years
        48 2 THIRD-QUARTER private property prices fell for the first time after 17 straight quarters of growth. Urban Redevelopment Authority flash estimates for July to September released yesterday show the private residential property price index dipped 1.8 per cent from Q2. FRONT PAGE
        48 words
      • Article
        Lock icon MAS to review structured products rules
        53 2 THE Monetary Authority of Singapore will review how structured products are marketed by financial institutions, in a move to keep the rules relevant. Meanwhile, MAS has lined up three people as independent consultants to look into complaints and resolution processes at financial institutions. TOP
        53 words
      • Article
        Lock icon Buffett takes US$3b stake as GE raises US$15b
        49 2 GENERAL Electric raised US$l2.2 billion by selling 547.8 million shares at a discount of 9.2 per cent to Wednesday's closing price. Combined with US$3 billion in preferred shares from Warren Buffett's Berkshire Hathaway, it raised US$l5.2 billion. TOP STORIES, PAGE 3
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      • Article
        Lock icon Star Publications makes rival bid for Cityneon
        63 2 CITYNEON Holdings shareholders are in for a nice ride Star Publications Malaysia is challenging Yellow Pages for their company. The Malaysian company, controlled by Huaren Holdings, which is owned by the Malaysian Chinese Association, is offering 58 cents a share for Cityneon, 5.5
        63 words
      • Article
        Lock icon Structured warrants take a hit in Q3
        52 2 THE global downturn in equity markets has hit the local structured warrants segment hard, with third-quarter turnover slumping 30.5 per cent to $4.1 billion compared with the second quarter and average daily warrant turnover tumbling 35 per cent to $62 million. COMPANY NEWS,
        52 words
      • Article
        Lock icon MAS likely to ease S$ policy: economists
        45 2 THE Monetary Authority of Singapore may shift its stance on the Sing dollar in its closely watched twice-yearly policy statement expected next week to boost the economy amid the worsening growth outlook, economists say. SINGAPORE NEWS, PAGE 9
        45 words
      • Article
        Lock icon China property shares jump on hopes of curbs easing
        52 2 SHARES in Chinese developers jumped yesterday on expectations that the government would ease back on measures to cool the housing market because of fears of a real estate crash. Many analysts have said local governments are quietly easing rules. GREATER CHINA,
        52 words
      • Article
        Lock icon European leaders squabble over response to crisis
        62 2 EUROPEAN officials squabbled over how to respond to the global credit crunch, with Germany opposing a coordinated approach and the Netherlands calling on states to set aside funds to help troubled banks. Other fissures emerged, as Ireland's decision to guarantee bank deposits and
        62 words
    • Article, Illustration
      Lock icon Buffett takes US$3b stake asGE raises US$15.2b
      684 3 Bloomberg, Reuters The company sells 547 m shares at 9.2% discount to raise USsl2.2b [BOSTON] General Electric raised US$l2.2 billion by selling 547.8 million shares at a discount of 9.2 per cent to Wednesday's closing price, giving it more cash to fund operations
      – Bloomberg, Reuters  -  684 words
    • Article
      Lock icon Soros: Rescue plan is ill-conceived
      282 3 Bloomberg He says the US govt should inject equity into banks instead [NEW YORK] Billionaire investor George Soros said the US should inject equity into banks rather than buy their bad debts as proposed by Treasury Secretary Henry Paulson in his financialrescue package. "The plan
      – Bloomberg  -  282 words
    • MARKETS DIGEST
      • Article
        Lock icon PRIME RATES
        28 3 13.75 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONGKONG 5.25 INDONESIA 15.938 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.64 INDIA Source:
        13.75 Bloomberg  -  28 words
      • Article
        Lock icon MARKETS
        40 3 lursi iam 1COMP Closed IIKKEI225 11,154.76 -213.50 IANG SENG 18,211.11 +194.90 ;et index 597.69 +3.24 JAKARTA COM P Closed 1ANILAC0MP 2,612.89 +43.24 ;eoulcomp 1,419.65 -20.02 ;henzhen b Closed IUMBAI IND Closed 12NOONEDT Cham )OW 10,602.56 -228.51 IASDAQ 2,016.48 -52.92
        40 words
      • Article
        Lock icon FOREX
        39 3 IS$ (S$ per US$) 1.442 (US$/S$ per 1.764 2.54! :URO (US$/S$/E) 1.389 2.00. 'EN 105.30 73.01 3.447 2.391 IK$ 7.768 5.381 !AHT 34.03 23.5! lUPIAH 9,430 6,53! lENMINBI 6.845 4.741 INDIAN RUPEE 46.22 32.0! 1.280 0.88' 1.504 1.04:
        39 words
    • Article
      Lock icon A pork-enhanced bailout
      360 3  -  ROB COX By US TREASURY Secretary Hank Paulson's US$7OO billion rescue package for American finance passed the Senate with flying colours. Though the vote was expected, it offers succour to investors burned by Monday's rejection of the plan by the House of Representatives. But there are still
      360 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      69 2 \SU FIND THE ONES J^rt V> rJ THAT FIT! L\nS Recruit the right people through CATS Recruit. —-v Call 1800 289 8822 or email recruit@sph.com.sg to advertise, J O Un p^ Ml RHRv i ■S BBC II) •'JLi' IB:*-! BEW 9 J !?t/<^Um H^ i 'I HE? y-vs A. JBH|X
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      Lock icon Page 2 Advertisements Column 2
      180 2 ■**l iSmvRSSi llui^--B*l I BBfflW lift I^^^ I #01-00 National Museum or Singapore 93 Stamford Road Singapore 17f1897 t^ A /\J^fl§^ International Entry Course 2008 /Vk lit Arbitration Law Practice Wg ff\ Y9t~\ Organised by \^fi^t_U_Lf SINGAPORE INSTITUTE OF ARBITRATORS \n^9Blx/ 7 8 November 2008 9:ooam to s:oopm 15 November
      180 words
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      Lock icon Page 2 Advertisements Column 3
      354 2 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CONCORDIA ADVISORS (SINGAPORE) PTE LTD UN MEMBER'S VOLUNTARY LIQUIDATION) ICompany Registration No. **********) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts or claims
      354 words
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  • Page 3 Advertisements
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      108 3 D 822 PDWER QE BETHUNE The Hdrdldgical Masterpieces v/^^^l The newest Automatic calibre featuring Self-regulating double-barrel I ||nJfB i -^r^m: f L. Jl I --^SJ SSI Mj I• mm 1 11 all nui. mi Ml MAINSPRING 3RD GENERATION PATENTED DE BETHUNE ULTRA LIGHT BALANCE l/H^^J^^ y /\tr j« wheel Triple
      108 words
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  • COMAPNY NEWS
    • Article
      Lock icon Rough seas ahead as credit crunch squeezes shipping
      568 4  -  VINCENT WEE HE mantra at the past few results briefings of major shipyards Keppel Corp, ISembcorp Marine and Cosco Corp (Singapore) has been that in various ways they all have "good" customers who will not cancel contracts or default in any way.
      568 words
    • Article, Illustration
      Lock icon Star Publications makes rival bid for Cityneon
      388 4  -  SIOW LI SEN It is challenging Yellow Pages by offering 58< a share for the events firm By! CITYNEON Holdings shareholders are in for a nice ride Star Publications Malaysia, which owns Malaysia's biggest English newspaper, is challenging Yellow Pages for their nyThe
      388 words
    • Article
      Lock icon China Kunda offers IPO shares at 21.5¢ apiece
      386 4  -  OH BOON PING By CHINA Kunda Technology, which makes precision moulds and plastic injection parts, has launched its initial public offering (IPO) for a mainboard listing. The company, which postponed its IPO earlier, announced an offering of 95.3 million shares 67.2 million
      386 words
    • Article
      Lock icon Structured warrants take a hit in Q3
      394 5  -  R SIVANITHY Turnover slumps 30.5% to $4.1 b from Q2; daily turnover falls 35% to $62m By THE global downturn in equity markets has hit the local structured warrants segment hard, with third-quar-ter turnover slumping 30.5 per cent to $4.1 billion compared with
      394 words
    • Article
      Lock icon Darco secures $40 million syndicated loan
      347 5  -  JAMIE LEE Firm also looking for investors to pump funds into BOT projects: CEO By WATER treatment and waste management company Darco Water Technologies said yesterday it has entered into a $40 million syndicated loan agreement with a group of international banks. The company
      347 words
    • Article
      Lock icon Keppel wins two deals worth $150m
      440 5  -  NISHA RAMCHANDANI Both ship conversion contracts from repeat customers By KEPPEL Shipyard, a wholly owned subsidiary of Keppel Offshore Marine, has landed contracts totalling $150 million from repeat customers for the upgrading, modification and conversion of two vessels. Single Buoy Moorings Inc (SBM) has
      440 words
    • Article, Illustration
      Lock icon GuocoLand CFO Jerry Lee quits
      261 7  -  UMA SHANKARI Replacing him is Tan Teck Huat, who was NATSTEEL executive V-P By GUOCOLAND'S chief financial officer Jerry Lee has stepped down "to pursue personal interests". And Tan Teck Huat, previously from NATSTEEL, has been brought in to replace him. Mr Lee was responsible
      Bloomberg  -  261 words
    • Article
      Lock icon Japan Land's finance chief leaves for other opportunities
      446 7  -  LYNETTE KHOO CFO RESIGNATIONS Its independent director Goh Kian Hwee has also quit By JAPAN Land announced yesterday that its chief financial officer (CFO), Teh Siew Fong, has resigned to pursue other career opportunities. She spent more than four years with the
      446 words
    • Article
      Lock icon Youcan discarding ice-cream in S'pore
      219 7  -  CHEW XIANG By CHINESE frozen-food maker Youcan has decided to destroy its entire stock of ice-cream in Singapore. Explaining why it is taking this move although it has yet to receive the results of tests by the Agri-Food and Veterinary Authority (AVA) on its products,
      219 words
    • COMPANY BRIEFS
      • Article
        Lock icon Genting raises stake in Resorts World
        60 7 GENTING International, through wholly owned Star Eagle Holdings, has increased its investment in Resorts World at Sentosa (RWS) from 1.7 billion ordinary shares to two billion ordinary shares by way of subscription of an additional 300 million new ordinary shares for a cash consideration
        60 words
      • Article
        Lock icon Singxpress announces resignation of CEO
        48 7 SINGXPRESS, whose principal business is that of investment holding, finance, travel and hospitality, has announced that Samual Guok Chin Huat has resigned as CEO "to pursue other interest". He will be re-designated a non-executive director following his resignation with effect from Sept 25.
        48 words
      • Article
        Lock icon ComfortDelGro buys UK taxi operator
        58 7 COMFORTDELGRO Corporation has acquired the largest taxi circuit operator in Liverpool, UK It will pay about $2.07 million. Called Merseyside Radio Meter Cabs Ltd, the company has 400 licensed Hackney taxis. With this acquisition, ComfortDelGro now has a fleet of 4,500 taxis on its radio
        58 words
      • Article
        Lock icon Biosensors closing Netherlands unit
        64 7 BIOSENSORS International Group said it is closing its Netherlands-based manufacturing subsidiary, Occam International. Costs related to the closure are estimated to range from US$3 million to US$4 million the bulk of which will relate to severance payments to be made to Occam employees. Anticipated annual cost
        64 words
      • Article
        Lock icon OKP clinches $6.8m JTC contract
        33 7 CIVIL engineering company OKP Holdings Limited has secured a $6.78 million contract from JTC Corporation. The deal was clinched through its subsidiary Eng Lam Contractors Co (Pte) Ltd.
        33 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon All eyes on US market rescue fund
      596 6  -  R SIVANITHY STOCKS Lower turnover suggests local players are awaiting clearer picture on the American front m ILL the an- nouncement that the US Senate has approved the Treasury's US$7OO billion banking assets rescue fund (BARF) send Wall Street up or down on
      Bloomberg  -  596 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      100 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 7 1 0 0 0 8 7 1 lanufacturing 61 44 52 12 68 51 64 Commerce 23 11 18 26 17 18 'pt/Stor/Comms 19 12 21 12 :inance 19 10 19 10 Construction 11
      100 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      115 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 22,786 22,786 97,005 97,005 lanufacturing 229,364 9,639 239,003 162,926 668 163,593 lommerce 82,657 10,284 92,941 119,289 1,763 121,051 'pt/Stor/Comms 119,002 136 119,138 262,208 18 262,225 :i nance 39,835 39,835 378,985 378,985 lonstruction 9,861 17,283 27,144 1,389 824 2,213 'roperties
      115 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      107 6 lapitaLand 3.040 -0.020 lapitaMall 2.240 -0.010 jtyDev 8.370 -0.420 losco Corp 1.530 +0.030 IBS Grp 16.700 -0.080 :&N 3.630 +0.080 Sent Intl 0.460 +0.005 iolden Agri 0.330 +0.015 IK Land 2.830 -0.130 IMH 27.000 1.000 ISH 14.000 -0.100 lardineC&C 15.320 -0.280 Ceppel Corp 7.720 -0.130 Ceppel
      107 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      984 6  -  LYNETTE KHOO OVERSOLD: In the wake of the recent share-price decline, we think our concern about China XLX's high exposure to coal prices is fully priced in. We upgrade the stock to "outperform" from "neutral" and retain our $0.78 TP. We previously noted that China XLX's biggest risk
      984 words
    • Article, Illustration
      Lock icon Dollar explodes on risk aversion wave
      527 6  -  LARRY WEE CURRENCIES THE US dollar surged strongly on an international wave of risk aversion yesterday, exploding above the psychologically important 80 marker on an indexed basis for only the second time this year. The euro, one of that index's most important components, tumbled
      Reuters  -  527 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      5 6 I DAILY
      5 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      57 6 CLOSE IT OB/OS -376.00 +208.C IT CADI -*****.00 +60.01 IT 10-day MA -*****.00 -38.0' TSE ST Mid Cap 509.65 -0.2 TSE ST Small Cap 423.14 +4.2 TSE ST All Share 575.19 +1.2 TSE ST China Top 245.93 +9.1 TSE ST China 245.46 +6.4! IOB Catalist 103.49 +0.6'
      57 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Golden Aqri 75,421,000 Global Voice 44,997,000 Noble Grp 40,905,000 SingTel 27,067,000 Cosco Corp 27,017,000 Capita Land 25,059,000 China Honqxinq 21,869,000 Yanqzijianq 21,163,000 BanyanTree 20,916,000 Olam 20,048,000 VALUE(S) DBS Grp 145,874,930 SingTel 88,632,202 UOB 83,287,980 CapitaLand 75,091,260 SGX 66,516,350 OCBC Bk 64,883,140 Keppel Corp 64,441,600 S I
      59 words
    • Article
      Lock icon RISES
      105 6 CLOSE UP IMH 2700 144.2 3.8 'BL Cor| 400 90.0 29.' India Ni 10 1259 71.0 6.' ilA 200 1470 56.0 4.' I A 1476 54.0 3.: ISMSCI India 100 525 43.3 6.1 IOL 202 23.0 12.: China H 10US$ 1198 20.2 1.. ICBC Bk4.5%NCPS 100 9220 20.0 0.,
      105 words
    • Article
      Lock icon FALLS
      103 6 CLOSE DOWN 8520-418.1 -3.3 LD 10US DBS MBLJCW*****0 275 -45.0 -14.1 At 837 -42.0 -4.8 Pair 472 -40.4 -5.6 lardine C&C 1532 -28.0 -1.8 .entraLand 25 -23.0 -47.9 UOB 1660 -20.0 -1.2 HKLand 283 -18.7 -4.4 i PC 450 -16.0 -3.4 ISH 1400 -14.4 -0.7 BY PERCENTAGE CLOSE DOWN
      103 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      81 6 Oct2 %CHNG CLOSE FRSep30 YR SSLOW R2008 S$ HIGH USS 1.4438 -1.22 1.4542 1.3457 Euro 2.0090 2.03 2.2064 2.0000® Pounds 2.5473 1.02 2.8431 2.5018 1.1360 1.45 1.3251 1.1229 ren* 1.3705 -0.94 1.4484 1.2619 Rupiah* 0.***** -1.22 0.***** 0.***** Baht* 4.2402 -0.64 4.4299 4.0190 Peso* 3.0719 -1.76
      81 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      102 7 The piece of enormous twelve-eyed Gzi with (Length 7cm) well delineated pattern strong ">neaion 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 of
      102 words
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      Lock icon Page 7 Advertisements Column 2
      46 7 B^^^^^^^vlS Bt .^^B Kk _^^B1 Bh^ Mr Hi JH Bk. Ih^ Bf >^Bl B^^^^Bj Bj^B BJ v^l Slbb Brßl 19 Ti IB »H bT fll t-"~" V^^H C 4l» PhL m m >\ m m wkXm BY VW vl B^ J BY' b\ I BT^I v lß^BßK!iWß^B^B^K#^^^^^^Bßß^B^Bi
      46 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Sept PMI signals contraction in manufacturing
      305 8 THE manufacturing sector contracted in September after three straight months of expansion, according to the Purchasing Managers' Index (PMI) released yesterday. September's reading of 49.5 was 1.1 points down from August. A PMI reading above 50 indicates expansion, while a reading below 50 indicates
      305 words
    • Article
      Lock icon Regulator instructs Island Power to secure new gas supply deal
      566 8  -  RONNIE LIM EMA sets conditions for Island's access to Indonesian gas pipeline By ISLAND Power which has been fighting for access to an Indonesian gas pipeline to try to revive its stalled $1 billion power plant project on Jurong Island
      566 words
    • Article
      Lock icon URA revenue from land sales surges 80% to $8.3b
      392 8  -  ARTHUR SIM By LAND sales revenue collected by the Urban Redevelopment Authority (URA) for the Singapore government reached $8.3 billion for FYO7/08, up 80 per cent on the $4.6 billion collected during the property market peak of FY96/97. According to URA's
      392 words
    • Article, Illustration
      Lock icon More funds needed for green building push
      403 8  -  JAMIE LEE By THE Building and Construction Authority (BCA) should offer more funds to owners of existing buildings to make these buildings greener, an international panel said yesterday. The call comes after BCA said that it would shift its focus from the construction
      403 words
    • Article
      Lock icon Grade A office vacancy doubles to 1.2% in Q3
      474 8  -  ARTHUR SIM By GRADE A office vacancy has doubled in the third quarter of 2008, rising from 0.6 per cent in the previous quarter to the current 1.2 per cent. This is also the first time in eight quarters since Q3
      474 words
    • Article
      Lock icon MAS likely to ease S$ policy: economists
      578 9  -  CONRAD TAN Inflation fears have lifted, growth worries take centre stage By THE Monetary Authority of Singapore may shift its stance on the Sing dollar in its closely watched twiceyearly policy statement expected next week to boost the economy amid the worsening growth
      578 words
    • Article
      Lock icon SE-A's first solar PV test centre
      271 9 TWO German firms will invest $800,000 to set up South-east Asia's first solar photovoltaic (PV) testing and certification centre in Singapore, the Economic Development Board said yesterday. The facility set up by VDE Testing and Certification Institute and the Fraunhofer Institute for Solar Energy
      271 words
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      1601 8 W*2^ kAT^V'-¥-'T^^T-'r' Toll free: 1800-289-8822 V ill Email: notices@sph.com.sg JL^I V_^/ JL I V,v 1 'y^ www.cats.com.sg IN THE MATTER OF I IIE Jfr J* THE COMPANIES ACT, CAP 50 <^-—t ("the Act") TIONG WOON CORPORATION HOLDING LTD and in the matter of SOPI PTE. LTD. ("the Company") _H~~~W^~Pfm¥~~~~f^~~!~P__ (Co.
      1,601 words
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      12 8 CA TS Recruit The first door to your world of opportunities RECRUIT <
      12 words
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  • Page 9 Advertisements
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      21 9 the big name in seafood. Seafood can now be enjoyed fuss-free for lunch. 5-course set menu <^s2j£ from $28++ onwards x=C^^S
      21 words
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      Lock icon Page 9 Advertisements Column 2
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      97 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon KL to discuss sensitive issues in US trade talks
      369 10 Govt procurement and other thorny, erstwhile 'no-talk' matters to be aired [KUALA LUMPUR] Malaysian Trade Minister Muhyiddin Yassin says the government is ready to hold talks on sensitive areas including the thorny government procurement issue in trade talks with the United
      369 words
    • Article
      Lock icon EPF invests in Paradigm developer
      320 10 [KUALA LUMPUR] Malaysia's Employees Provident Fund (EPF), a cash-rich retirement savings fund, plans to invest almost half a billion ringgit (*****.5 million) in a commercial project in Petaling Jaya, a deal that sees it tying up with WCT Bhd, a construction and property group, says
      320 words
    • BRIEFLY ASIA
      • Article
        Lock icon China farmers to get rights over land
        101 10 Reuters [BEIJING] China's farmers will be allowed to transfer their land use rights, Chinese President Hu Jintao said this week, signalling a potentially important shift in the country's land management system. China's rural citizens, who number more than 730 million according to a
        – Reuters  -  101 words
      • Article
        Lock icon Indian trade deficit rises to US$13.9b
        60 10 Reuters [NEW DELHI] India's trade deficit in August widened sharply from July to a record U5513.94 billion, as the cost of oil bloated the import bill while export growth slowed. Exports rose 26.9 per cent in August from a year earlier to US$l6 billion,
        – Reuters  -  60 words
      • Article
        Lock icon India's HCL to buy UK consulting firm Axon
        72 10 -AP [MUMBAI] British consulting firm Axon Group has agreed to accept a £441 million (Ssl.l billion) bid from India's HCL Technologies, rejecting an earlier offer by Infosys Technologies, company officials said. HCL offered to buy Axon for 650 pence a share in
        -AP  -  72 words
  • Page 10 Advertisements
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      2,969 words
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      Lock icon Page 10 Advertisements Column 2
      25 10 Digital Camera worth $549! Contest ends 31 October 2008. 8.1 megapixels High performance digital image-processing engine Built-in Wi-Fi support Internet connectivity DBS HIP! Zap Code
      25 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Can emerging nations survive cash flight?
      583 11 Reuters Key is whether Brazil, Russia, China, and Gulf States have enough reserves [LONDON] As Western investors dump emerging market assets, the fate of the sector's major economies will hang on whether Brazil, Russia, China and others like Gulf Oil producers have built up
      – Reuters; AP  -  583 words
    • Article
      Lock icon Oil may fall to US$5O in global recession: Merrill
      263 11 Bloomberg [SYDNEY] Crude oil prices may fall as low as US$5O a barrel next year, about half current levels, in the "unlikely" event of a global recession, Merrill Lynch said. Such a scenario, where global growth in gross domestic product falls
      – Bloomberg  -  263 words
    • Article
      Lock icon S&P: IMF set to support financial rescue packages
      300 11 Reuters Financing demand has dropped in past few years [NEW YORK] The International Monetary Fund (IMF) is poised to resume its previous active role in global markets, supporting financial stabilisation plans in both emerging markets and developed economies, Standard Poor's (S&P) forecast
      ■ Reuters  -  300 words
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      116 11 113 C CAY A L L I STAMFORD LAW V s «f We are expanding We are hiring for: IT. KL..^, 'I |rr 5 I I! a^m Banking Finance I Capital Markets lUs =Jk Catalist Continuing Sponsor I Corporate Finance J^lffl J/^^J Corporate Real Estate I Insolvency I Litigation i
      116 words
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  • INDIA
    • Article
      Lock icon Nuclear trade deal gets US Senate nod
      668 12 -NYT Move builds up India as a friendly counterweight to a rising China [WASHINGTON] The United States opened a new chapter of cooperation with India on Wednesday night as Congress gave final approval to a breakthrough agreement permitting civilian nuclear trade between the
      -NYT  -  668 words
    • Article
      Lock icon Nuke pacts boost image
      562 12 ■AFP They remove the tag of nuclear transgressor and give India a unique and exceptional status [NEW DELHI] India's atomic energy pact with France represents a major step for the fast developing country, marking the moment that it finally rid itself of its status as a
      ■AFP  -  562 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon 'National treasure' may prop up art auction
      666 13 Bloomberg Sotheby's estimates its 5-day auction will fetch about HKs2b [HONG KONG] Only an extraordinary item would convince Chinese antique collector Cai Mingchao to buy at Sotheby's Hong Kong sale this week as global financial markets decline. The auction house has just the
      Bloomberg; REUTERS  -  666 words
    • Article
      Lock icon Taiwan could reap returns by opening up to China
      627 13 Reuters ANALYSIS But it risks exposing economy, markets to its political rival [TAIPEI] Two decades after letting its people and companies go to China, Taiwan is opening itself to Chinese investors and visitors a move that could carry big economic dividends
      – Reuters  -  627 words
    • Article
      Lock icon Taiwan studies setting up an SWF
      195 13 Reuters [TAIPEI] Taiwan's state planning body was due to discuss this week establishing a sovereign wealth fund (SWF) as a vehicle for government investment, mirroring a trend among emerging economies aimed at wringing value from national savings. The Council for Economic Planning and Development
      – Reuters  -  195 words
    • Article
      Lock icon Property shares jump on hopes of curbs easing
      368 13 Reuters Local govts quietly easing rules on fears of property market crash, say analysts [HONG KONG] Shares in Chinese developers jumped yesterday on expectations that the government would ease back on measures to cool the housing market because of fears of a
      – Reuters  -  368 words
    • Article
      Lock icon Marks & Spencer opens China outlet
      191 13 Marks Spencer opens China outlet Bloomberg [SHANGHAI] Marks Spencer Group pic, the UK's largest clothing retailer, opened its first store in China as part of the company's efforts to boost revenue outside its home market as British consumer spending slows. The 40,000 square-foot outlet here is Marks Spencer's biggest in
      – Bloomberg  -  191 words
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      21 13 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists Raffles Conversations AcollectionfromThe Business Times \4> '''<- Availableatallleadingbookstores \\\X\\ V 4%• <r"
      21 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon ÜBS reports 'small' third-quarter profit
      591 14 Reuters, Bloomberg US mortgage-related assets cut; regaining reputation is top priority, bank says [BASEL] ÜBS, Switzerland's biggest bank, made a "small profit" in the third quarter after suffering a year of losses, it said yesterday, suggesting that it may be starting to turn the corner
      – Reuters, Bloomberg; AFP  -  591 words
    • Article
      Lock icon ADB plans to make watchdog unit more independent
      345 14 Reuters [MANILA] The Asian Development Bank (ADB) listed plans yesterday to make its watchdog department more independent after the bank came under fire from donor nations for compromising its effectiveness. A group that reviewed the ADB's Operations Evaluation Department (OED) proposed distancing
      Reuters  -  345 words
    • Article
      Lock icon ABC Learning Centres' founder quits
      443 14  -  LEE U-WEN By PROBLEMS continue to mount at beleaguered Australian childcare chain ABC Learning Centres, of which Temasek Holdings is the second-largest shareholder. On Tuesday, the world's biggest listed childcare provider announced the resignation of its founder and chief executive, Eddy Groves, just a month
      443 words
    • Article
      Lock icon Factory orders Dost biggest fall in 2 years
      378 16 Bloomberg LATEST US DATA [NEW YORK] Orders to US factories decreased in August by the most in almost two years, signalling business spending slowed down even before the recent worsening of the credit crunch. The 4 per cent drop in bookings was
      – Bloomberg  -  378 words
    • Article, Illustration
      Lock icon European leaders squabble over response to financial crisis
      695 16 Bloomberg Conflict undermines efforts to build consensus approach as recession looms [BERLIN] European officials squabbled over how to respond to the global credit crunch, with Germany opposing a coordinated approach and the Netherlands calling on states to set aside funds to help
      Bloomberg; REUTERS  -  695 words
    • Article
      Lock icon Northern Rock halts deposits as cash surges
      422 16 Bloomberg It is sole UK bank to offer complete deposit protection [LONDON] Northern Rock, taken over by the government in February, turned away savers after cash flooded into the only UK bank to offer complete protection of deposits. The state-owned bank's decision will
      – Bloomberg  -  422 words
    • Article
      Lock icon Playboy looks for bare market on Wall Street
      364 16 Reuters [NEW YORK] Playboy magazine is offering a new way to lose your shirt on Wall Street. The adult entertainment magazine, long famous for its photo spreads of nude women and lessons in living the urbane life of the well-heeled bachelor, is
      – Reuters  -  364 words
    • WORLD WATCH
      • Article
        Lock icon ECB keeps interest rates unchanged
        55 16 Bloomberg [FRANKFURT] The European Central Bank yesterday left its key interest rate unchanged at 4.25 per cent, a seven-year high, as inflation fears outweighed the financial crisis that has led to bank bailouts. Its president Jean-Claude Trichet also said the market turmoil is weakening growth,
        – Bloomberg  -  55 words
      • Article
        Lock icon Seoul to support won with forex reserves
        63 16 Reuters [SEOUL] South Korea yesterday pledged to keep spending its US$24O billion in foreign exchange reserves to support the won even though the cash pile has fallen for a record six straight months and the currency just suffered its biggest monthly drop in
        – Reuters  -  63 words
      • Article
        Lock icon Wachovia curbs access to college fund
        46 16 Bloomberg [SAN FRANCISCO] Wachovia, trustee of a US$9.3 billion fund used by more than 900 colleges for expenses such as salaries, maintenance and repairs, curbed access to the money and said it plans to liquidate its portfolio by the year-end.
        Bloomberg  -  46 words
      • Article
        Lock icon Crude oil falls below US$9B
        51 16 Reuters [LONDON] Oil fell under US$9B a barrel yesterday, after the US Senate's approval of the US$7OO billion bailout failed to allay concerns over weakening fuel demand in the world's top energy consumer. US light crude for November delivery fell US$l.O5 to U5597.48 by 1212
        ■ Reuters  -  51 words
      • Article
        Lock icon UBS in bid to settle SEC probe
        62 16 Reuters [BASEL] ÜBS is working on settling a US investigation into allegations it helped wealthy American clients avoid taxes by hiding assets in Switzerland, its chairman said yesterday. In May, the the Securities and Exchange Commission said they were investigating ÜBS's conduct in
        Reuters  -  62 words
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      228 14 IHiUMTOIPT iveekend MM§rs, THE BUSINESS TIMES Hflpr ■J HIJ!IJJIM !^ffIIIHHBamHPH!im^M ■^^^Subscribe to the revamped Business Times Weekend just Sss6 a year and be sure to win one of these fabulous 20 Desirables more! s^^^^^^^^^^^^^^^^ "i^^^^^^^^^^^^^^^^^»" c =J"_ -^^i j-_ r I '"^^^^^^J ~^^^^^^^^^^^^^MK ~^^^^^^K^^^^^^^»~ ~^^^^^^^^^^^^^^B^ ~^^^^^^K^^^^^^^^' Complimentary 1N Stay at
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  • Page 15 Advertisements
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      2976 15 V4a -KTr^mT^^n? To"free: 180°-289-8822 %r k 11 1 l_, V Email: notices@sph.com.sg _L^l V^>/ M. I V i www.cats.com.sg IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) \4 PURSUANT TO SECTION 290(l)(b) At a General Meeting of NYK SSISKSS LOGISTICS 2008 PTE. LTD. duly convened and held at i
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      2728 15 GEMSTV" GEMS TV HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) Company Registration Number: CR-*****6 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GEMS TV MOLDINGS LIMITED (the "Company") will be held at RELC International Hotel, 30 Orange Grove Road, Singapore
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  • Page 16 Advertisements
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      78 words
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      421 16 W^*s? BBATS3 g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASIA BUSINESS FORUM PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****1572K NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 3 Raffles Place #08-01
      421 words
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  • WORLD
    • Article, Illustration
      Lock icon Funds struggle to get money from Lehman
      780 17 NYT It's caught in a row with PwC about a USsBb transfer just before bankruptcy [LONDON] Two weeks after Lehman spiralled into bankruptcy, hedge funds that did business with the Wall Street bank are still fighting to get their money out of the
      NYT; REUTERS  -  780 words
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      4307 17 SATS _L^l A. -l_^^-> I ij Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg •—v runcpiu uai nivrc i iiuitpp* f c& pharmaceutical technology (holdings) limited rfPr\——jrm r\ CMUatIN HULUIINIsS LIMII feU Registration No. ***** ni-HrX'& y Company Registration Number: *****4325 C (Incorporated under the laws of Bermuda with limited liability) FALCON
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  • EDITORIAL & OPINION
    • Article
      Lock icon Putting finance in its proper place
      497 18 UPON taking office in 1933, US president Franklin D Roosevelt promised to use the constitutional prerogatives of government to drive the "money-changers" out of the temple, those who had put the pursuit of profit and speculation before the welfare of the people of the
      497 words
    • Article, Illustration
      Lock icon Reaching the panic phase of the crisis
      971 18  -  STEPHEN S ROACH IHT A powerful monetary policy response would go a long way in stopping the madness By! IN MY 35 years as a professional economist, I have endured five recessions and about a dozen financial crises. Yet never has one hit
      IHT; AP  -  971 words
    • Article, Illustration
      Lock icon Lesson from Japan: save the jerks that messed up
      790 18  -  NICHOLAS D KRISTOF -NYT THE BOTTOM LINE IN THE early *****, when I was a foreign correspondent looking for my next overseas posting with The Times, I sought Japan. At the time, Tokyo was an awe-in-spiring economic titan, arguably the most
      -NYT  -  790 words
    • Article, Illustration
      Lock icon State-owned Krakatau steels for privatisation
      964 19  -  SARA WEBB FITRI WULANDARI Reuters Rather than bringing in a foreign investor to inject funding and technology, Jakarta has opted to raise money through an IPO By. and LIKE its volcanic namesake nearby, state-owned Krakatau Steel looms large over this part of Indonesia. Its aged,
      Reuters; REUTERS  -  964 words
    • Letter
      Lock icon Australand action on entitlement offer correct
      338 19  -  Bey Booker LETTER TO THE EDITOR WE refer to your article titled "Australand could have handled rights better" (BT, Sept 25). The article suggests that Australand did not practise good corporate governance by excluding its retail investors residing outside Australia and New Zealand from
      338 words
    • Article, Illustration
      Lock icon Japan seeks Chinese cooperation on aid
      629 19  -  ANTHONY ROWLEY CHINA will be a strong competitor for Japan in the field of foreign aid, especially in Africa, and the two countries will need to cooperate more closely to ensure aid effectiveness, according to Sadako Ogata, president of the Japan International Cooperation Agency
      629 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon SSA calls for urgent int'l action on piracy
      664 20  -  VINCENT WEE Situation worsening rapidly with attacks in Gulf of Aden and South China Sea By SIX incidents in five months in the same general area suggest that a band of pirates is starting to carve out a niche for themselves in
      : ReCAAP ISC  -  664 words
    • Article
      Lock icon Boeing strike delays Virgin Blue's new service
      256 20 Bloomberg, Reuters [MELBOURNE] Virgin Blue Holdings, Australia's second-biggest airline, said a strike at Boeing Co's Seattle plant has forced a delay to the start of its long distance international carrier V Australia to February. Boeing can't guarantee the delivery of planes because it
      – Bloomberg, Reuters  -  256 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2532 20 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
      2,532 words
    • Article, Illustration
      Lock icon UAL to add US$275m to coffers
      308 20 Bloomberg Airline aims to cover higher fuel costs as winter approaches [ATLANTA] UAL Corp, the parent of United Airlines, plans to add about US$275 million to its cash holdings by year-end through aircraft financing and selling assets. About US$l25 million will come from an
      – Bloomberg; BLOOMBERG  -  308 words
    • Article
      Lock icon Thai Airways says Q3 loss is smaller
      252 20 Bloomberg [BANGKOK] Thai Airways International pel, the nation's largest carrier, had its second straight quarterly loss in the third quarter as anti-government protests cut passenger bookings, said president Apinan Sumanaseni. Net loss for the three months ended Sept 30 narrowed from the loss
      – Bloomberg  -  252 words
    • Article
      Lock icon Thai Airways fuel surcharges cut by up to 30%
      107 20 Reuters [BANGKOK] Thai Airways International has cut fuel surcharges by up to 30 per cent for tickets issued from Wednesday because the cost of jet fuel has fallen. After the decrease, charges on international flights would range from US$4l to US$266
      – Reuters  -  107 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        101 20 '000 CH Offshore 0.50 Chuan Hup Hldgs 0.30 Cosco Corp 1.53 CWTLtd 0.51 Ezra Hldgs 1.11 First Ship Lease 0.81 Freight Links 0.06 Grand Banks unch laya Hold Ltd 1.01 KiVentures 0.23 KeppelCorp 7.72 MTQ Corp unch NOL 2.02 Pacific Shipping 0.34 Pan-United Corp unch Rickmers Mari 0.84 Samudera
        101 words
      • Article
        Lock icon KLSE
        31 20 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.68 8.65 8.15 3.06 2.97 0.10 -0.01 0.05 unch -0.02 -0.03 unch 1 572 817 439 13 75
        31 words
      • Article
        Lock icon BANGKOK
        12 20 '00 'recious Ship Regional Cont 14.80 12.80 unch -0.30 1691 157
        12 words
      • Article
        Lock icon HONGKONG
        11 20 '000 Doil iingamas Cont .19.24 ...1.18 -0.28 unch 122: 114;
        11 words
      • Article
        Lock icon PHILIPPINES
        16 20 '000 Aboitiz Equity Intl Container Keppel Marine 7.00 26.00 unch unch 0.50 unch 1081 98:
        16 words
      • Article
        Lock icon TAIPEI
        18 20 Evergreen Marine ...14.40 :irst Steamship 37.60 Wan Hai Lines 14.00 fang Ming Marine...10.75 -0.45 1.20 -0.20 unch
        18 words
      • Article
        Lock icon TOKYO
        39 20 '000 (awasaki Hvy Ind ..197.00 -11.00 2313! (awasaki Kisen 580.00 -24.00 86K Mitsubishi Hvy 434.00 -17.00 2705} Mitsui Eng&Sbldg...176.00 -14.00 1579: Mitsui Osk Lines 811.00 -37.00 2120: Mippon Express 469.00 unch 380( MipponYusen 630.00 -17.00 1319: iource: Reuters
        39 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8708 21 Transaction date: Oct 2 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E 5716 1st Software 15 4 3148 STelecom 20.5 5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 22.5 7 1938 AEI Corp 18.5 2 1100 AEM 36 13.5 2101 APOil 141
      8,708 words
    • Article
      Lock icon SGX CATALIST
      600 22 Hii Low Code Coi Sale COOP) Hi; Low Bi Seller Cvr P/E jH 20 11.5 1181 s AAGrp 30.5 15 5000 sABRHIdgs 32 18 8538 s APStrategic 10 1.5 1501 s Advanced System 38 13 3518 s Afor 39.5 4.5 1524 s Alantac 20 5.5 7814 s Albedo
      600 words
    • Article
      Lock icon SGX XTRANET
      697 22 _Hm Low Code Comi Sale COOP) _Hm Low _Buj Seller C'vr P/E Smil ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P5OO ***** ***** 6170 SPDRS 398.3 232 6009 STI ETF 3977.9 3383.1 6010 STI ETF IOPV US*****d US6200 US1000
      697 words
    • Article
      Lock icon CLOB INTERNATIONAL
      831 22 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
      831 words
    • Article
      Lock icon BONDS & WARRANTS
      8493 22 BONDS WARRANTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.733/ AIGIF S'pore Bond Fund/^ 1.289/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.73/ APS Alpha Fund (USD)!* 0.51/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.8207/ APS Komaba Global Bond
      8,493 words
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      34 21 k jpfep, NEW ROYAL OAK IN EXCELLENT SHAPE Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED \B W 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      371 23 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct1 World Index Preliminary 855.4 -0.4 -24.4 0.1 -26.0 -0.4 -25.9 t EAFE Preliminai 809.3 1.1 -27.8 1.5 -30.5 1.0 -30.. Euro[ Prelim inan 1112.2
      371 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      124 23 As at 9am Oct2 >f foreign currency: lurrencies Bid Offer gist dollar 1.1280 1.1420 dollar 1.3430 1.3590 luro 1.9960 2.0180 IZ dollar 0.9570 0.9780 iterlini ind 2.5250 2.5540 )S dollar 1.4310 1.4470 .ocal dollars to 100 units rf foreign currency: Currencies Bid Offer :hi renminbi 20.90
      124 words
    • Article
      Lock icon INTERBANK RATES
      178 23 Oct2 $S Offer Overnight 7/8 1-monfli 1 13/16 2-months 1 13/16 3-months 1 13/16 Overnight mode: 0.88 US$ Offer 3/4 1 9/16 1 9/16 1 9/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 6 00 6.00 6.00 6.00 5.50
      178 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 23 Oct2 ten >TI ilMSCI Oct 296.9 298.4 293.9 'aiwan Oct 227 227 221.1 Source: MF Global (S) He. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 23 Oct2 Bid Offer 1-month 1.4384 1.4400 2 months 1.4353 1.4370 3-months 1.4327 1.4344 6-months 1.4253 1.4271 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      150 23 Oct2 Zurrencies Bid Offer Bid Offer >$IUS$ to one unit of foreign currency: Australian dollar 1.1265 1.1278 0.7814 0.7817 Canadian dollar 1.3525 1.3542 0.9382 0.9386 iuro 2.0025 2.9945 1.3891 1.3893 IZ dollar 0.9582 0.9598 0.6647 0.6652 jterlini ind 2.5433 2.5460 1.7642 1.7646 IS dollar 1.4416 1.4428 >$/US$
      150 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      280 23 Oct2 URODOLLAR FUTURES DecO8 VlarO9 unO9 iepO9 EUROYEN TIBOR FUTURES if:lSS8 97.1400 97.0300 188 5267 4062 DecO8 99.050 99.165 VlarO9 99.200 99.200 unO9 99.130 99.175 iepO9 99.120 99.120 DecO9 VlariO lun10 >ep10 99.050 99.200 99.130 99.120 99.160 99.205 99.150 99.065 99.000 98.890 98.840 98.795 1248 410 238
      280 words
    • Article
      Lock icon SICOM FUTURES
      245 23 Oct 2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Nov 08 241.0 Dec 08 244.0 Jan 09 246.0 Feb 09 246.0 Mar 09 246.0 Apr 09 241.0 240.0 238.0 237.0 236.5 241.0 240.0 239.0 238.0 237.3 236.0 24
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    • Article
      Lock icon CHICAGO BOT
      103 23 Octl SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov 08 1053.00 1045.00 1065.00 1040.00 Jan 09 1070.50 1062.25 1082.00 1058.00 Mar 09 1086.00 1077.50 1097.50 1075.00 May 09 1097.00 1089.75 1107.00 1092.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct08 44.20 44.00 44.73 43.60 Dec
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      75 23 CRUDE OIL PRODUCTS Oct 1 origin^ t/barrel Close Cham irent blend (1-Mth F) 94.28 -1.31 VTI (Near Mth) 98.86 -2.40 iubai (1-Mth F) 96.00 4.59 "apis blend 104.50 3.75 i/linas 99.55 3.75 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 87.22 117.30 7.9I S.O! US$/barrel )pec Oil Basket Price
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    • Article
      Lock icon INTERBANK CROSS RATES
      448 23 Oct2 iuro 'en (on 'eso lam 'ouni Australia 0.833 5.350 0.563 6.071 36.123 73.700 0.823 9.564 2.694 1.175 60.805 36.678 1.127 6.543 0.885 25.129 26.592 0.443 0.782 Canada 1.201 6.423 0.675 7.289 43.373 88.491 0.988 11.484 3.234 1.411 73.007 44.039 1.353 7.856 1.062 30.172 31.929 0.532 0.938
      448 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 23 Oct2 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 1.59 1.66 1.55 1.55 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NXOO1OOT 4.625 5-Year NXO31OOZ 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X 3.125
      87 words
    • Article
      Lock icon PRECIOUS METALS
      133 23 Oct2 /oz) ',ep_ Hong Kong 869.50 894.00 870.50 895.00 Sep 30 Oct 01 876.60 877.10 M Sellini Bui rim .ondon 1 oz 1408.12 1268 UBS GOLD LUNAR KINEBAR (SS) Selling Buying Source: Reuters 10gm SILVER $493.27 Selling Bu' 405 /ing CAST BAR (S$) Oct 02 Buying Passbook Acct
      133 words
    • Article
      Lock icon SIBOR
      74 23 Oct2 6mths 1.***** 9mths 2.***** 12mths 2.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 3.***** 12 yrs 3.***** 15 yrs 3.***** Source: Reuters (US$) (SS) 4.***** 1.***** 1 mth 2 mths 4.***** 1.***** 3 mths 4.***** 1.***** 6
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    • Article
      Lock icon PALM OIL
      63 23 Sep3o KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Low Vol Open Done Position Oct 08 2024 Nov08 2014 Dec 08 2029 Jan 09 2002 Total o/p: ***** contracts 2073 2144 2023 2065 2107 1995 2090 2119 1988 2092 2118 1995 Turnover: *****
      63 words
    • Article
      Lock icon LONDON METALS
      64 23 Oct 1 minimum, 99.7 jrity (US$/tonne) Co Close Previous :ash 2367.80 2376.5I months 2412.00 2425.0I Copper, Grade A (US$/tonne) :ash months 6180.00 6160.00 6388.0I 6360.0I .ead (US$/tonne) :ash 1718.00 months 1740.00 1810.01 1830.01 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00
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    • Article
      Lock icon LIFFE
      70 23 Oct 1 :OCOA (Btonne) Close Prev Hii ih/Low Dec 08 1460 1480 1481/1458 Mar 09 1486 1505 1505/1483 May 09 1484 1500 1497/1480 JulO9 1488 1504 1500/1488 COFFEE (US$/tonne) Close Pev High/Low Nov08 1964 1922 2010/1938 Jan 09 2020 2044 2059/1990 SUGAR (US tonne) White Close Prev High/Low Dec
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      Lock icon BONDS & WARRANTS
      2994 23 BONDS WARRANTS [el lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left >058 Advance Modules GrpW*****3 >036 Advance SCT Ltd W*****9 S092 Asia Environment W*****4 1481 Asia Water Tech Ltd W*****0 3816 #Asiasons Capital Ltd WO***** i756 Asiatic Grp (H) Ltd W*****2 4105
      2,994 words
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      2665 24 Shipping times j4| BJCT^flHHffifPffTOTffmffiß I" WAN HAI INTERNATIONAL PTE LTD CRNO: N*****0000/r Ur^Z \V^ K*L« mMMamVMIMmIiBIMWiMBBBSm ■■>■_*> TEL *****588 (14 LINES) FAX: ***** 1 63 •V^^WafW^ffW WSm IMW.UtKi. \\\M^\A/AM HAI INrN Qlstomcr Service/Bookings Direct Line (1800)*****200 M A Ifrf^ I™X^L^l" I I jßflffßff ***** Tl^ WWf^ll I I #11 LIIIL>/
      2,665 words
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      3378 25 RICKMERS-LINIE »-h «h,, Hf^T EASTERN CAR LINER, LTD I g|) QG^lf^^ uSr gk'BU'k/PrOieCt/SOC COnVen"Ong' WebS"e: ~ritk—^- lf-*J spec.al.ze IN RORO > heavy l.ft »PTO 450 ions! WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov I SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB I
      3,378 words
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      5709 26 P^3l H Rl H H l^~ ANDERSEN "*11!?L f£SIJ I Ywjm GLORY MAVIfiATIIIIU fSßflHpl ■«pRk.JH ISM H&fl l^fl shipping company/ 70 Shentoii Way, #21 -03 Marina House Singapore *****8 Vt^m ULI»11 lIHWIUHI lUH UllUUr ■P^lE HW ffiffl MM WM BM| NORTH WEST EXPRESS LINE *B,H*L-tSS.^f WM^ Mftrrfgl MONTHLY SERVICE TO
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  • executive lifestyle
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      Lock icon Driven east by credit crisis
      1548 27 Designers are giving up on their home markets and trying their luck in Asia which is less affected by the financial downturn, writes MELISSA LWEE AT THE recently concluded London Fashion Week, the buzz was not about which designer was going to be crowned the
      FILE PHOTO  -  1,548 words
    • ARTS
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        Lock icon State-of-the-art illusions trick the eye
        602 28 The Singapore Biennale offers visual and intellectual stimulation, reports MADHVI SUBRAHMANIAN AFTER the adrenaline rush of the superfast and noisy Formula One night race, one may seek something quiet and intellectually stimulating. The Singapore Biennale SBOB brings a different invigorating energy to Singapore and is
        602 words
      • Article
        Lock icon A support group for S'porean artists in London
        661 28  -  CLARISSA TAN By ART is a lonely business, especially when you're in a foreign country. Such has been the experience of Singaporean artists, designers and musicians now studying or working in London. But not anymore now that they have the SCNUK, or
        661 words
    • ARTS/MUSIC/CINEMA
      • Article, Illustration
        Lock icon A fast-paced comedy that is extremely topica
        689 29 BEN MUNROE previews Alex, the one-man hit West End show, and talks to its star IN the world of investment banking, the most prized trait is accurately predicting the future. But no amount of foresight could have persuaded the producers of the one-man
        689 words
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        Lock icon A sweet punch of smooth samba jazz
        590 29  -  ONG BOON KIAT CD REVIEW Rio Till Bronner Universal Music Rating: B- By WHILE often derided by music purists for lacking soul and inspiration, smooth jazz as a musical sub-genre can still pack a punch even if it is a cerebral one. We
        590 words
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        Lock icon A thriller that lacks suspense or excitement
        647 29  -  GEOFFREY EU By ONCE upon a time, there was a powerful all-seeing, all-knowing female force whose omnipotence was such that she knew where we were and what we would be doing even before we knew ourselves. She would unleash her considerable wrath if
        REUTERS  -  647 words
    • PROFILE
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        Lock icon Empire built on a handful of 'big bangs'
        986 30 Pernod Ricard has grown from a family business in France producing pastis to a global wine and spirit group with some 2,000 brands, reports GEOFFREY EU WHEN Pernod Ricard CEO Patrick Ricard retires at the end of this year from the company
        986 words
    • BEVERAGES
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        Lock icon High hopes for first S'pore Beer Fest
        742 31 CHRISTOPHER LIM checks out the organiser's ambitious plans for the festival as well as what's on offer this time for the beer-loving consumer WE'RE still smack in the middle of the Oktoberfest, with many promotions going strong. But the organisers of the inaugural
        742 words
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        Lock icon Don't turn your bar into a kitchen
        573 31  -  CHRISTOPHER LIM By "PEOPLE try and keep so many things behind their bars that they look more like kitchens than bars," you might have heard a barman tell you at the Fullerton Hotel's Post Bar over the Grand Prix weekend. Except he wouldn't
        573 words
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        Lock icon Grape prices start to bubble over
        857 31 Bloomberg [PARIS] Carol Duval-Leroy stands above her sun-soaked vineyards in Vertus, France, watching workers pluck grapes and place them in carefully calibrated plastic crates. The chief executive of Champagne Duval-Leroy, a family owned vineyard that sells about six million bottles of the sparkling wine
        – Bloomberg; BLOOMBERG  -  857 words
    • GAMING/STYLE
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        Lock icon Now here's a Force to be reckoned with
        768 32 The latest game is considered part of the Star Wars canon, reports CHRISTOPHER LIM MILK it, baby! seems to be the motto when it comes to George Lucas' Star Wars franchise, which encompasses everything from stuffed toys to underwear. But while Lucas
        768 words
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        Lock icon Hairy tales and glamorous clients
        427 32  -  AMANDA DE GUZMAN By WHEN Shunji Matsuo was 17 years old, he saw an article in a magazine about Svga Yusuke, a renowned Japanese hairdresser who had styled Vogue covers and the likes of Jacqueline Onassis. "That article changed my life," says Matsuo. Then and
        427 words
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  • Page 27 Miscellaneous
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      111 28 B 1 k w Ik. In a great orchestra, talent is a given. Its success, however, lies not only in the musical gifts of its members, but how they play as one. As founder and main partner of the ÜBS Verbier Festival Chamber Orchestra, we are proud to enable these
      111 words
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  • Page 29 Miscellaneous
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      303 29 CRYPTIC CROSSWORD ACROSS 5 The initial mistake causes paI A timber at right angles to a nic (6) ship's keel (5) 6 Fuss following Kipling work 4 They are engaged in out- being turned to operetta (6) door pursuits (8) 7 Lots of warships? No, about 8 Came with rice
      303 words
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      601 31 > ha ed^ we bring y°u closer t° japan m J m f i|| \yXyZ%/ /ki^l Q£fl ■■■^■■■^■■■■■■■^l P^^^^^P^TfMl Mm. spend of $5,000 MB Mm. spend of $2,000 V WMtJar Ks\ N3 Vj^tjl'l JTI for Japan group tour for Japan F&E group RTvJ ■RTWHWfrrtr'lm'lWWff'fflWß Packages to receive i tour packages
      601 words
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      198 32 Sony recommends Windows Vista® Business. |(intejy| Uncdmprdmising m FullHD B^^3VSV Iclearl ffS^B 1111 TRA I IISTVfi lcd Eftnfll STAMINA IRgWI Like a good business partner, the top-of-the-line VAIO Z keeps you performing at your best... always. Featuring a 12-layer mounting board the ultimate in high-density mounting that delivers unrivalled portability
      198 words