The Business Times, 4 October 2008

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Total Pages: 48
1 48 The Business Times
  • 12 1 weekend THE BUSINESS TIMES OCT4-5, 2008 Ssl.oo ■IP*ANSPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg
    12 words
  • 921 1  -  Conrad Tan Lawmakers okay USs7oob rescue plan but credit crunch knocks out economy By conradt@sph.com.sg Singapore I HE bailout package has a nice ring to it, but economists now say that it is nowhere near enough to get the global or even the US economy out of
    Bloomberg; AFP photo ■; AFP  -  921 words
  • Page 1 Advertisements
    • 31 1 65 Mohamed Sultan Road, —j-.j Singapore *****3 H^^' J ■i*.V-.--.;«>** ""T"" Tel: 6734 3425, 6235 3221 V Fax: 6235 3762 Email: singapore_sales@lemerciers.com www.lemerciers.com M^BB SuT& n pgub°c UHol.da nysi aiam'-7pm HH^H.,
      31 words
  • Page 1 Miscellaneous
    • 134 1 Hi pi MOTORING raffles conversation WEALTH j||b Audi TTS: Special in THE COMING AGE OF Emerging markets: W ppll^^^"^^^^^ everyway L2O INFLATION 8-9 The long view 30-31 8 887 si *****! NEW BLOOD SGX chief exec to step down Hsieh Fu Hua thinks that someone with greater energy and a
      134 words

  • TOP STORIES
    • MARKETS
      • 42 2 KL COMP 1,016.70 -1.98 NIKKEI 225 10,938.14 -216.62 HANG SENG 17,682.40 -528.71 SET 590.05 -7.64 JAKARTA Closed MANILA 2,566.21 -46.68 KOSPI Closed SHENZHEN B Closed MUMBAI IND 12,526.32 -529.35 12nnnn EDT Chnnw 12noon EDT Change DOW 10,670.42 +187.57 NASDAQ 2,029.35 +52.63
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      • 29 2 SINGAPORE 5,38 MALAYSIA 6,72 HONG KONG 5,25 INDONESIA 15,938 TAIWAN 6,316 JAPAN 1,875 KOREA 9,33 BRITAIN s^oo US 5,00 CANADA 4,75 SWITZERLAND 3,58 INDIA 13,75 Source- Blooi
        29 words
      • 41 2 US$ 'S$ ler US$; 1.449 ;us$. 1.771 2.567 EURO. ;us$/s$/i 1.386 2.008 YEN 105.00 72.50 RM 3.463 2.389 HK$ 7.770 5.361 BAHT 34.24 23.62 RUPIAH 9,430 6,507 RENMINBI 6.845 4.723 NDIAN RUPEE 46.97 32.41 A$ 1.288 0.889 NZ$ 1.509 1.041
        41 words
    • 324 2 AP, Reuters LATEST US DATA Washington US employers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep recession. The Labor Department's fresh snapshot, released yesterday, also
      AP, Reuters  -  324 words
    • 474 4  -  Jamie Lee Search for CEO's successor to start soon; board will consider candidates from within the management team and externally By leejamie@sph.com.sg Singapore THE Singapore Exchange (SGX) will begin its search for a new chief executive after Hsieh Fu Hua indicated
      JOHN HENG  -  474 words
    • 709 4 AP, Bloomberg, AFP It will sell non-core business units to pay off USsBsb govt loan CHARLOTTE, North Carolina INSURER American International Group said yesterday that it plans to sell off its "non-core" business units to pay off its massive government loan. The
      AP, Bloomberg, AFP  -  709 words
    • 647 5 Bloomberg Hong Kong and Tokyo three-month interbank rates rise to the highest levels in over nine months Sydney ASIAN banks' borrowing costs rose to the highest levels in at least nine months after the collapse of lenders in the US and Europe deepened
      Bloomberg  -  647 words
    • 394 5 Paris US SHOPPERS snubbed Porsches, Cadillacs and other luxury models last month as the credit crunch roiling US markets ensnared even the most affluent buyers. Sales of the costliest brands plunged 29 per cent in September, outpacing the 27 per
      AP  -  394 words
    • 618 6  -  Lynette Khoo But market watchers say activity could start picking up next year By lynkhoo@sph.com.sg Singapore ALTHOUGH recent market sell-offs have uncovered some gems, potential buyers are circumspect about picking them up amid all the financial uncertainty, easing the pace of merger and
      618 words
    • 398 6 BREAKINGVIEWS.COM Dubai ARE the wheels coining off Dubai? Momentum in the spendthrift emirate certainly looks to be grinding to a halt. Last week, Dubai received a US$l5 billion bailout from Abu Dhabi, its cash-rich big sister. At least that's how the lending facility set up
      AP  -  398 words
    • 319 6 Reuters, AP New York IN an abrupt change of course, Wachovia said yesterday it agreed to be acquired by Wells Fargo in a US$l5.l billion all-stock deal, wiping out Wachovia's previous plan to sell its banking operations to Citigroup in a government-backed
      Reuters, AP  -  319 words
  • Page 2 Miscellaneous
    • 54 2 NEWS LIVING Top stories 2,4,5,6 Shopping L2-3,8-TT Week In Review 7 Raffles Conversation 8,9 rr Entertainment L7 The CEO Column TO Companies 11-14 I™^ LT2J3 Singapore T5-T7 Home Garden LT4,TS Letter From Abroad 18 Health LT6 World T9-22 Golf LTB Stocks stats 23-27 Motoring U9-20 Perspective 28,29 1;-*^' Show Me
      54 words

  • Page 3 Advertisements
    • 142 3 Your Doorway to Fine Living... I j IBSH °f f nfciflSl'M I W 'Ik Waterfront Bungalows Sentosa Cove '■y M ■y y Thg q|j v Balmoral > i—.fulfilling promises of an uncompromising lifestyle, TG Development has set itself apart by building the most celebrated homes for over a decade. /p^x
      142 words


  • Page 5 Advertisements
    • 106 5 The piece of enormous twelve-eyed Gzi with r (Length 7cm) well delineated pattern strong loiieaion 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
      106 words


  • WEEK IN REVIEW/WEEK AHEAD
    • this week
      • 76 7 CONGRESSIONAL leaders and the Bush administration cobbled together a tentative agreement early on Sunday on what may become the largest financial bailout in US history, authorising the Treasury to buy US$7OO billion in troubled debt from ailing firms to prevent widespread economic collapse. Officials had
        76 words
      • 76 7 RENAULT'S Fernando Alonso won the 2008 Formula 1 Sing Tel Singapore Grand Prix on Sunday night, but there was another big winner -the Republic. As Singapore's inaugural Grand Prix, it was a historic event it was the first F1 night race, run on a
        76 words
      • 74 7 A SWATHE of bank rescue deals was mounted in Europe on Monday as several major financial institutions were tipped over the brink by the growing global credit crunch. And even as investors took in the implications of events in Washington over the weekend, central
        74 words
      • 61 7 WALL Street may welcome the US government's tentative US$7OO billion plan to bail out the financial sector, but it is hard to hear that amid the chaos that continues to roil the global financial system. Indeed, investors everywhere appeared close to coming
        61 words
      • 60 7 HIRING activity at a number of banks here appeared to have dropped sharply, as job losses worldwide continue to mount since the start of the financial turmoil. Headhunters told BT that many financial institutions have frozen their headcount in the short term, while
        60 words
      • 52 7 STOCKS worldwide plunged yesterday and then clawed their way back after US lawmakers stunned investors by rejecting a sweeping plan to save the financial sector. Plans to salvage the massive rescue package aimed at removing the rot from financial institutions there are
        52 words
      • 56 7 MALAYSIA'S Maybank has clinched a controlling stake in Bank Internasional Indonesia (Bll) 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 a 15 per cent
        56 words
      • Article, Illustration
        26 7 SPANISH SURPRISE Alonso winning the Singapore Grand Prix even though he had stanea in 15th position. The victory ended a year-long drought for the Spaniard AFP
        AFP  -  26 words
      • 61 7 IT looks like Santa Claus may not deliver a stock market rally this Christmas, with investors bracing themselves for lean times in the fourth quarter. While technical charts suggest oversold positions and that a bottom is near, analysts say that the escalation of risks
        61 words
      • 45 7 THIRD-quarter private property prices fell for the first time after 17 straight quarters of growth. And with financial and economic headwinds working their way through, market watchers reckon this could be the start of further price falls ahead.
        45 words
      • 79 7 WALL Street is bracing for another ride on the see-saw of hope and fear even though the US Senate has on Wednesday overwhelmingly approved a US$7OO billion bailout for the financial system. Ending the uncertainty over how the federal legislature will respond to the
        79 words
  • Page 7 Miscellaneous
    • 148 7 CRYPTIC CROSSWORD SATURDAY with Ludwig 11 Convict turning old inside HI PHHHIH BB HJ MB mM mM flj 'V 25 Brace and bit from evator^ 3 Marchesa, 4 V li^J bricklayer's equipment? 2 Cunning church following 5 Natural Tory leader with Hump, 5 Terror, 6 Mikado, -,YJ a Republican (4)
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    • 92 7 NEXT WEEK Oct 6-10, 2008 US DATA Oct 7 Sept 16 FOMC minutes Aug consumer credit Oct 8 Aug pending home sales Crude inventories Oct 9 Initial claims Aug wholesale inventories Oct TO Aug trade balance SINGAPORE DATA Oct 7 Sept international reserves Oct TO Q3 advance GDP estimates EVENTS
      92 words

  • THE RAFFLES CONVERSATION
    • Article, Illustration
      2335 8  -  vikram Khanna Iconoclastic economic forecaster Thierry Apoteker talks about the US financial crisis and the coming age of inflation. By THE US will avoid a recession, but will enter a protracted period of low growth. Hundreds of banks will disappear. The world economy is at an inflexion point
      2,335 words
    • 76 8 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean are rated
      76 words

  • FROM THE DESK OF
    • 886 9  -  Terry O'Connor FROM THE DESK OF CEO, Courts I WAS recently posed a question regarding retail service standards in Singapore. Have they improved enough over the years? I suppose that begs the question: "What is enough?" Having lived on this fine island
      886 words

  • COMPANIES
    • 471 10  -  Jamie Lee Board members objected to SGX management's decision to continue investing some $150 million in hedge funds By leejamie@sph.com.sg Singapore A $150 million Singapore Exchange (SGX) investment in hedge funds could have been wiped out by today's financial crisis if not for the
      FILE PHOTO  -  471 words
    • 469 10  -  Siow Li Sen By lisen@sph.com.sg Singapore CITYNEON Holdings grabbed the limelight yesterday as hopeful punters piled into the stock, salivating at the prospect of a bidding war. Volume skyrocketed to 12.33 million shares from 451,000 shares on Thursday following a rival bid
      469 words
    • 619 11  -  Chow Perm Nee STOCKS IN FOCUS Analysts say Singapore banks may have over-lent to property sector. By THE tables have turned. In the heady days when the Singapore economy was roaring ahead, banks which grew their loans the fastest were lauded. Now that the economic
      FILE PHOTO  -  619 words
    • Business briefing
      • 40 11 BABCOCK Brown Global Investments, a Singapore-listed fund, said yesterday it has appointed Standard Chartered Bank as an independent strategic adviser. Stanchart will undertake a review of the fund's assets and businesses and recommend options.
        40 words
      • 84 11 QAF Ltd has warned that the group is expected to incur a substantially higher loss before tax for the third quarter ended Sept 30, -2008, relative to its second quarter 2008 loss of $1.5 million. The losses would mainly be caused by
        84 words
      • 73 11 COURAGE Marine Group said yesterday it is purchasing a sec-ond-hand vessel, MV Marigold, for US$l6 million. The vessel was built in 1982 in Korea. The purchase price will be funded from the proceeds of the company's initial public offering and its retained earnings. Delivery is
        73 words
      • 128 11 STANDARD Poor's Ratings Services has affirmed its BBB-long-term corporate credit rating on Cambridge Industrial Trust (CIT). At the same time, the out- look was revised to stable from positive. The ratings agency said ClT's business profile remains strong as the portfolio continues to
        128 words
      • 69 11 HYFLUX Water Trust Management Pte Ltd (HWTM), the trus-tee-manager of Hyflux Water Trust, said yesterday that Grace Goh Bee Kheng, HWTM's chief financial officer (CFO), chief investment officer (CIO) and company secretary, has resigned. Her resignation as company secretary was effective from yesterday while her
        69 words
    • 261 12  -  Teh Shi Ning Fund launched jointly with Japan's SBI to invest in undervalued assets By tshining@sph.com.sg Singapore A NEW fund set up by Temasek Holdings unit Fullerton Fund Management and Japan's SBI Holdings aims to buy undervalued assets in the Asian financial sector. Launched
      261 words
    • 207 12 Reuters Singapore SINGAPORE-LISTED China Fibretech says it sees a 14 per cent rise in net profit this year on firm sales orders, despite tough times for the global economy. The Chi-na-based firm, which dyes and processes fabric, said its biggest market was domestic and
      Reuters  -  207 words
    • 536 13  -  R Sivanithy STOCKS Investors offloaded after learning US Senate had passed bailout bill sivan@sph.com.sg Senior correspondent t~"^ VERY so often, investors get a grim reminder of the stock- market maxim "buy 4 in anticipation, sell on news". And this week was just
      536 words
    • 112 13 VOL CLOSE ;olden 60,940 30.5 -2.5 -7.) atraitsAsia 29,057 127 -21.0 -142 iini ;Tel 28,383 318 -9.0 -2.8 Joble Gl 27,341 118 -7.0 -5.) total Voice 27,029 0.0 0.0 :hinaXLX 18,825 42.5 -3.0 -6.6 1US 17,650 6.5 0.0 0.0 \bterra 17,015 5.5 0.0 0.0 Con 16,920 704
      112 words
    • 106 13 litaLand 2.940 -0.100 :apitaMall 2.170 -0.070 :if 8.010 -0.360 ]osco Con 1.550 +0.020 IBS Gn 16.560 -0.140 :&N 3.540 -0.090 ient Intl 0.460 iolden ;ri 0.305 -0.025 IK Land 2.810 -0.020 IMH 25.520 -1.480 ISH 13.500 -0.500 lardine C&C 15.080 -0.240 >el Con 7.040 -0.680 lei Land 2.610
      106 words
    • 59 13 CLOSE UP :iMBAsean40 100US: 684 27.5 2.' IBS Bk6% NCPS 10 ***** 20.0 o.: )CBC Bk 5.1%NCPS 100 9748 20.0 o.: Centra Land 44.5 19.5 78.1 JATSvcs 178 17.0 IO.i iCori SGA EPW08 77 12.0 18.! IOB 5.05%NCPS 100 9740 10.0 0.1 iTI2500BNPePW*****7 53.5 9.0 20.: /a Hldj
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    • 52 13 CLOSEDOWN IMH 2552 -214.5 -5.: >Con MBUCW09 94 -130.0 -58.1 >aiwa FT Shariah Jai 726 -129.0 -10.' <or India Nift 10 1184 -75.0 -6.i ISH 1350 -72.5 -3.i >el Con 704 -68.0 -8.1 I A 1414 -62.0 -4.: IS MSCI India 100 487 -55.1 -7.: ;ia 200 1418
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    • 333 13  -  Noor Aisha By naisha@sph.com.sg Singapore INDIANS here will soon find it easier to keep in touch with their roots when Singapore Press Holdings (SPH) launches its new Eng-lish-language newspaper tabla! Billed as "The heartbeat of the Indian community", the free weekly
      FILE PHOTO  -  333 words


  • Page 12 Advertisements
    • 1216 12 LOT! I SIVJ CH OFFSHORE LTD (Incorporated in the Republic of Singapore) (Co. Reg. No. *****0666 D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Second ANNUAL GENERAL MEETING of the Company will be held at The Board Room, 390 Jalan Ahmad Ibrahim, Singapore *****5 on October
      1,216 words


  • SINGAPORE
    • 313 14  -  Ronnie Lim Oil giant can now produce over 500,000 tpa of solvents following its Jurong Island plant expansion By ronnie@sph.com.sg TO help it meet fast-growing regional demand, ExxonMobil Chemical has just completed a 130,000 tonnes per annum solvents expansion on Jurong Island, boosting its total
      313 words
    • 291 14  -  Teh Shi Ning By tshining@sph.com.sg CONSERVATION efforts will now extend beyond historic buildings to include heritage structures such as bridges, pavilions and towers, National Development Minister Mah Bow Tan said yesterday. Familiar structures slated to join more than 6,800 buildings conserved so far include the Botanic
      291 words
    • 218 14 THE Ministry of National Development (MND) has decided to convert a former school site in Serangoon Gardens into a temporary dormitory for foreign workers. Following concerns raised by residents in a petition against the conversion in early September, various measures will be put in place.
      218 words
    • 454 15  -  Chen Huifen Aim is to foster collaboration on cancer, heart disease research by scientists from both sides By xuifen@sph.com.sg SINGAPORE'S Agency for Science, Technology and Research (A*Star) and New Zealand's Health Research Council (HRC) have set up a $3.48 million joint fund for scientists
      FILE PHOTO  -  454 words
    • 245 15 SINGAPORE Computer Systems (SCS) president and CEO Tan Tong Hai has resigned. The resignation comes amid a takeover of SCS by rival NCS, Singapore Telecommunications' IT services subsidiary. In an announcement yesterday, SCS said that Mr Tan is leaving the company to "pursue
      245 words
    • 330 15  -  Jamie Lee By leejamie@sph.com.sg REGIONAL players in the coal and telecommunications sectors may turn to Export Development Canada (EDC) if they have difficulty raising cash. Canada's export credit agency and financing firm expects to offer loans of at least Cs2oo million (Ss27o
      330 words
    • 739 16  -  Arthur Lee soapbox arthurl@sph.com.sg Photo Journalist ABOUT two years ago, while standing in a queue at a local bank, I overheard an elderly couple berating a relationship manager for the poor returns that they received for their investment-linked product. The harried manager tried his
      STOCK.XCHNG  -  739 words
    • Briefing
      • 60 16 THE Bank of East Asia and the State Bank of India have joined Credit Bureau Singapore (CBS) as members, bringing its total membership to 17 banks and financial institutions, the bureau announced yesterday. Membership allows the banks access to CBS' repository of credit-related
        60 words
      • 61 16 THE Singapore Film Commission's New Feature Film Fund has awarded a total of $2.25 million to nine budding directors Alaric Tay, Ellery Ngiam, T T Dhavamanni, 800 Junfeng, Yee-Wei Chai, Yong Mun Chee, Mika G Yamaji, Wee Li Lin and
        61 words
      • 69 16 SENTOSA picked up seven Pinnacle Awards this year three golds, two silvers and two bronzes. Organised by the International Festival and Events Association, the annual awards recognise top festivals, events and promotions worldwide. The gold awards were won by Sentosa Flowers 2008 for
        69 words
      • 70 16 THE Ascott Group {above), CapitaLand's serviced residence unit, garnered three awards in the past week. Readers of Business Traveller UK voted it the best serviced residence company. The "Ascott The Residence" brand was voted the best serviced residence brand in the
        70 words
  • Page 14 Advertisements
    • 73 14 fB£*& -'1 v os V OFFICE SYSTEM PTE LTD m -^JB^^jWP^ —-r .work place solution Bjßjw'^^B ~m% OPEN PLAN SYSTEM <^ OFFICE CABINETS OFFICE CHAIRS B'i^ SEATINGS COMPACTUS POWER LOGIC SYSTEM U VIDEO CONFERENCE SYSTEM i\\- t-- tfR 'J*s* SHOW ROOM «H^ I* \X 51 SOUTH BRIDGE ROAD fli SINGAPORE
      73 words


  • Page 16 Advertisements
    • 88 16 A MATS Peace Mark (Holdings) Limited (Provisional Liquidators Appointed) "the Company" Expressions of interest are sought from parties interested in acquiring the interest the Company has in: SINCERE WATCH LIMITED and its subsidiaries Interested parties must contact the Provisional Liquidators, care of the following address to register their interest: Ferrier
      88 words

  • LETTER FROM ABROAD
    • 1048 17  -  Lionel Tay WE find lessons in life at unexpected turns and in unusual forms. For almost four years, when my job involved a Delhi posting, the streets of colourful India became a mobile classroom for me and my family. We had the "ride of our
      1,048 words

  • WORLD
    • 574 18  -  S Jayasankaran Market drives its shares down 4%; analysts, minorities fret about cost of financing deal By btworld@sph.com.sg Kuala Lumpur MALAYAN Banking's shares fell almost 4 per cent to RM6.65 yesterday, two days after it made a scaled-down but still expensive RMB.3 billion (553.5
      574 words
    • 555 18 Reuters London ÜBS axed most of its global commodities business yesterday in a retreat from a high-risk/high-re-turn sector that many investment banks had piled into during the credit boom. Fallout from the credit crisis, including the collapse of Lehman Brothers and Bank
      Reuters; AFP  -  555 words
    • 869 19 Bloomberg Interest in a once obscure acronym is increasing as its impact on the economy is felt keenly and widely Los Angeles ANISHA Gupta, returning clothes to a Hugo Boss store on Rodeo Drive in Beverly Hills, shrugged when asked about Libor. She had heard the
      Bloomberg  -  869 words
    • 327 19 NYT New York JOHN A Thain, Merrill Lynch's chairman and chief executive, will remain at Bank of America after the merger of the two financial giants, Bank of America said on Thursday. The announcement settles a big question circulating around Wall Street of
      NYT  -  327 words
    • 667 20 AP Industry seen as creating impression of a thriving economy Paris JUDGING from the glamorous parties and store openings in Paris this week, you would be forgiven for thinking the economy is thriving prompting some observers to say that the fashion
      AP  -  667 words
    • 412 20 AP Keen interest in its new coupe-cabriolet Paris AS THE financial crisis rages, there is still glamour amid the gloom and not just from the models pouting next to sexy new cars at the Paris Motor Show. On the Ferrari stand, the glamour is red
      AP  -  412 words
    • 691 21 AFP, LAT-WP She clashes with Joseph Biden on the financial crisis, and its debilitating impact on the US middle classes St Louis, Missouri REPUBLICAN vice-presidential nominee Sarah Palm defied critics by going on the attack in her keenly awaited debate with Joseph Biden, and
      AFP, LAT-WP; AP  -  691 words
    • 467 21 AFP Dubai DUBAI, home to some extravagant landmarks, now boasts an oceanthemed resort, Atlantis, where a night will cost up to U5525,000. Inspired by the legend of the lost continent, the resort offers "experiences that are new to the Middle East", said Alan Leibman, its
      AFP  -  467 words


  • Page 20 Advertisements
    • 323 20 g^NOTICES In the Matter of The Companies Ad Cap. 50 and In the Matter of WOC INVESTMENT PTE LTD (Registration No. *****1216E) [In Members' Voluntary Liquidation] At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 53 Lorong 23 Geylang, Singapore *****0 on Tuesday, 30 September
      323 words

  • Page 21 Advertisements
    • 92 21 HZAP I&BID L'Oreal Paris Men Expert Hamper I— li —I ~^L—,. C Retail Price: $101.50 Hamper comprises: Hydra Energetic Anti-Tightness Cleansing Gel 100 ml Hydra Energetic Anti-Dullness Moisturizing Gel Cream 50ml Hydra Energetic Turbo Booster Instant Recovery Moisturizer 50ml Pure Matte Pore Minimising Toner 200 ml Vita Lift Re-tightening Double
      92 words

  • SGX
    • 8853 22 SZ-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote COO0) High Low Buyer Seller Div GrYld Net C'vr P/E M Cap Smil 5716 1st Software 4.5 4 3148 8Telecom 10.5 5 5834 A-Sonic JO 100 6389 ABFSG Bond ETF 12.5 7J938 AEI Corp
      8,853 words
    • 1789 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 50 11.5 1181 s AAGrp 50.5 15 5000 s ABR Hldgs 52 18 8538 s APStrategic 0 1.5 1501 s Advanced System 58 13 3518 s Afor 59 4.5 1524 s Alantac 50 5.5 7814
      1,789 words
    • 90 25 Up Down Unch 5 8 3 Up Down Unch 0 0 0 Up Down Unch 5 8 3 lulti Ind lanufacturini 31 64 52 11 36 71 63 'ommerce 31 16 35 19 /Stor/ /Comms 12 22 13 24 :inance 29 29 instruction 10 Tor 25 25
      90 words
    • 258 25 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
      258 words
    • 802 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 29 Deemed Interest; IP: Investment Purposes; SA: Share Allotment; ST: Share Transfer; B/R: Bonus/Rights Issues; OE: Option Exercise; PL: Placement Shares Compiled by BT Trans Date Shareholder/ Director itock rhai Beverage Public 30-Sep-08 Maxtop Mgt Corp
      802 words
  • Page 22 Advertisements
    • 62 22 ■LVL THE BIRTH OF A GREAT DATE /^^Bfi^/wL Le maitre de I'horlogerie depuis 1875 II fEpE^lXy^* lj L ««f EDWARD PIGUET COLLECTION I |P^j||g§lt MrTIPPi Sole Distributor Service Centre: '1 vl :nMrCTf AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED 'Wg/ 341 River Valley Road #01-01 Singapore *****2 HBk-^'/ I ft 9*^ ft
      62 words




  • MARKETS
    • 2 26
      2 words
    • 20 26 Source: YTD change: -33.72% 52-week high: 3,831.19 on Oct 11,2007 52-week low: 2,239.75 on Sept 30,2008 Bloomberg
      Bloomberg  -  20 words
    • 20 26 Source: YTD change: -36.42% 52-week high: 31,958.4 on Oct 30,2007 52-week low: 16,283.7 on Sept 18,2008 Bloomberg
      Bloomberg  -  20 words
    • 26 26 Source: YTD change: -20.97% 52-week high: 14,198.1 on Oct 11,2007 52-week low: 10,365.4 on Sept 29,2008 (Chart shows Thursday's index closing) Bloomberg
      Bloomberg  -  26 words
    • 26 26 YTD change:-56.41% 52-week high: 6,124.04 on Oct 16,2007 52-week low: 1,802.33 on Sept 18,2008 (Chart shows Sept 26's index closing) Source: Bloomberg
      Bloomberg  -  26 words
    • Article, Illustration
      19 26 YTD change: -28.54% 52-week high: 17,488.9 on Oct 11,2007 52-week low: 10,938.1 on Oct 3,2008 Source: Bloomberg
      Bloomberg  -  19 words
    • 363 26 Oct2 dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 840.4 -2.3 -25.7 -2.0 -27.1 -2.8 -27.5 EAFE Preliminai 796.0 -1.6 -29.0 -1.8 -31.7 -2.5 -32.2 Euroi Preliminai 1094.2 -1.6 -29.1 -2.0 -33.8 -2.8 -34.2 Pacific 685.3 -1.7
      363 words
    • 150 26 Oct3\ Against S$ :urrencies Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.1249 1.1260 Against US? Bid 0.7763 Offer 0.7768 :anadian dollar 1.3430 1.3443 0.9269 0.9274 Euro 2.0076 2.0090 1.3855 1.3859 NZ dollar 0.9600 0.9608 0.6625 0.6628 jterlini 2.5663 2.5678 1.7711 1.771 US dollar
      150 words
    • 71 26 Oct 2|| IOCOA (£/tonne) Close Prey Hi, fLow Dec 08 1440 1460 1462/1431 Mar 09 1469 1486 1491/1464 May 09 1468 1484 1487/1463 Jul 09 1475 1488 1492/1474 COFFEE (US$/tonne) Close Pev High/Low Nov08 1931 1964 1972/1909 Jan 09 1995 2020 2031/1972 SUGAR (US tonne) White Close Prey High/Low
      71 words
    • 90 26 Oct2\ SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low Nov08 1004.*****3.*****4.00 994.00 Jan 09 1020.*****0.*****0.*****2.00 Mar 09 1035.*****6.*****7.*****8.00 May 09 1047.*****7.*****2.*****2.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low Oct08 42.71 44.20 43.34 42.30 Dec 08 43.18 44.68 43.95 42.70 Jan 09 43.66 45.18 44.12 43.30 Mar
      90 words
    • 72 26 Oct2\ CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 91.23 -3.05 93.77 -5.09 90.85 -5.15 99.30 -5.20 94.35 -5.20 PRODUCT USS/barrel (FOB Spore) Close Change Naphtha Jet Kerosene 81.90 -5.32 112.40 -4.90 USS/barrel Opec Oil Basket Price 89.29
      72 words
    • 68 26 Oct3\ GOLD (US$/oz) Oct 02 Oct 03 Hong Kong 869.50 839.80 870.50 830.80 Sep 30 Oct 02 London 876.60 832.50 878.60 834.50 Source: Reuters SILVER Selling Buying Passbook 1 oz 16.56 16.33 Source: UOB PLATINUM Lon (US$/oz) Oct 02 Close Previous PM Fix 995.*****0.00 AM Fix 985.*****0.00 Source: Reuters
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    • 65 26 oa 3\ KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Low Vol Done Open Position Hi, Oct 08 2020 Nov 08 2030 Dec 08 2020 Jan 09 2007 Total o/p: ***** contracts 2002 2030 1980 1994 2030 1942 2000 2020 1934 2000 2007 1935
      65 words
    • 62 26 oad Uuminium, 99.7% mrity (US$/tonne) Close Previous lash months 2256.00 2301.00 2367.80 2412.00 tapper, Grade A 3JS$/tonne) lash J months 5874.00 5850.00 6180.00 6160.00 .ead (US$/ tonne; lash months 1674.00 1695.00 1718.00 1740.00 :ash months 'in (US$/tonne; *****.00 *****.00 *****.01 *****.01 :ash months :inc, Special Hi; *****.00 *****.01
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  • PERSPECTIVE
    • 817 27 BREAKINGVIEWS.COM Bank deposit insurance doesn't go far enough in the US. Substantially raising the amount guaranteed will ensure that worries over deposits won't trigger the next bank failure, say Rob Cox and Hugo Dixon IF the Irish and the French can do it, why can't Americans?
      AP  -  817 words
    • 862 27  -  William Pesek By FEW questions confound economists more: What might tip China into the meltdown that so many have feared for so many years? Possibilities include overheating, social instability, corruption, pollution, debt crises, war over Taiwan and a post-Ol-ympics growth swoon. It's
      REUTERS  -  862 words

  • Wealth
    • WEALTH INVESTING
      • 1066 28  -  Genevieve Cua The MSCI Emerging Markets Index suffered a 27.6% fall at end-Sep, its worst ever. In terms of peak-to-trough declines, US$l.3 trillion in market capitalisation has been wiped out. IT HAS been a steep fall from grace for global emerging markets, which so
        AFP  -  1,066 words
      • 434 28  -  Lynette Khoo Keppel Corp Hold DMG Partners Securities Oct 3 Close: $7.04 KEPPEL Corp had clinched contracts from repeat customers amounting to $150 million for the upgrading, modification and conversion of two vessels, bringing total new contracts secured to $5.4 billion to date. The credit crunch has tightened
        434 words
      • 1252 29  -  Joseph Chong COMMODITIES Looking beyond the current financial crisis, the future is bright and breezy as solar and wind energy will spell the end of oil's importance CEO, New Independent IN The Sunday Times of July 6, 2008 (oil was trading at about US$l4O a barrel
        STOCK.XCHNG  -  1,252 words
      • 234 29 Source:MorningstarAsiaLimited U J SIU |U lS ll S CATEGORY ANNUALISED 1-MTH 3-MTH 6-MTH 1-YR 3-YR S-YR CY2007 Sector Equity Biotechnology US Dol lar Money Market -7.94 3.65 4.46 -13.84 -4.22 1.02 -2.83 1.16 4.95 4.34 -1.37 -2.10 -1.18 -2.24 US Dollar Government Bond 0.99 5.25 2.39 1.61 -1.76
        234 words
      • 1564 30  -  Teh Hooi Ling show me the money All the fixed assets like machinery and buildings come for free when companies trade at below net current assets hooiling@sph.com.sg Senior correspondent WITH the stock market sinking day after day into what seems like an abyss, few dare
        1,564 words
      • 1119 31  -  Lim Leong Guan STRUCTURED PRODUCTS Structured products are investment solutions designed to better manage risk-reward investment dilemmas Head of Transaction Products, ÜBS Wealth Management THERE'S no free lunch. A high-octane engine comes with a huge petrol bill. Highly leveraged portfolios are worst hit when markets turn. And handsome
        STOCK.XCHNG  -  1,119 words
    • WEALTH REAL ESTATE
      • 677 33  -  Uma Shankari Stock prices will continue to fall as home prices continue to decline for the rest of this year and in 2009, analysts say. By PROPERTY stocks took a beating yesterday following news that private home prices fell for the first time in A
        677 words




  • Page 32 Advertisements
    • 915 32 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 1 Costa Del Sol Apt 17/09/2008 99 1313 1278 NON-LANDED Theßayshore Apt 15/09/2008 99 926 690 745 The Sail ©Marina Bay Apt 19/09/2008
      915 words


  • Page 34 Miscellaneous
    • 30 34 THE BUSINESS TIMES WEEKEND SATURDAY/SUNDAY OCTOBER 4-s^ooB W state of the gadgets blmtooth and Ming l8 |_^AVE^^m^ I watches hublofs big bang i_9 motoring a very special audi back page
      30 words

  • BT Living
    • COLLECTING
      • 1641 35  -  Clarissa Tan Is the Chinese art market bubble about to burst? Should collectors be looking in a different direction? Those in the know are pointing to South-east Asian work. By THERE'S no delicate way to put this, even if it is about art. Is Chinese contemporary
        1,641 words
    • DINING
      • Article, Illustration
        1709 36  -  Geoffrey Eu Geoffrey Eu Audrey Phoon If there's one thing that brings people together, its food. BT weekend takes a look at how some foodies are forming unofficial dining clubs to share their passion Food Cult By btnews gsph.com.sg The Nutrition Place 13 Mohamed Sultan Road, #01-01
        1,709 words
    • ENTERTAINING
      • 1133 38  -  Audrey Phoon David Laris who owns Shanghai's award-winning Three on the Bund restaurant has just finished his first cookbook. By WITH his pale, freckled complexion and straw-coloured eyebrows, David Laris does not look like he has an ounce of Greek in him. But there's evidence of
        1,133 words
    • GADGETS
      • Article, Illustration
        671 39  -  Christopher Lim Vertu Signature The heart of any mobile gadget arsenal these days is the mobile phone. The headache is that new phone models come and go so quickly that the moment you've customised one to your liking, it's time to upgrade to the latest thing. That's
        671 words
    • WATCHES
      • Article, Illustration
        509 40  -  Melissa Lwee Hublot pays homage to the Singapore Grand Prix with the world's first split second-hand chronograph, and will open a store here next year WATCH aficionados, watch out: Swiss brand Hublot looks set to make a bang when its first boutique opens in Singapore next
        509 words
      • 344 40  -  Audrey Phoon By aphoon@sph.com.sg Singapore FROM an Italian palace and France's Carrousel dv Louvre to the Forbidden City in China and now, perhaps Singapore. The Geneva-based Fondation de la Haute Horlogerie (FHH) a private initiative that seeks to educate the public on
        344 words
    • STYLE
      • 1625 41  -  Melissa Lwee Some of fashion's oldest names get ready for a shake-up as new talent takes over the creative reins. By SPRING/SUMMER '09 has brought winds of change to the world of fashion. For fashionistas out there, this is an exciting time of year where the biggest
        1,625 words
    • TRAVEL
      • 1040 42  -  Emily Co Nonbei Yokocho is like a home away from home for faithful regulars thanks to the family-like warmth exuded by nomiya owners. WHEN it comes to the sheer scope of neon-bright commercialism, it's hard to beat Shibuya and its teeming mass of retail abundance. That's
        PHOTOS: EMILY CO  -  1,040 words
      • 772 42  -  Samuel Ec in transit By I F ONLY its staff would strike less and I smile more, Heathrow could obliterate I the competition and become the Asian business traveller's favourite transport hub in Europe. Its sparkling new Terminal 5 is arguably the best place in Europe
        772 words
    • HOME & GARDEN
      • Article, Illustration
        1122 43  -  Corinne Kerk personal space Behind an inconspicuous gate with a tiny house number in a quiet cul-de-sac off Holland Road lies a lovely sight a contemporary home bathed in light, blessed with wide spaces and emanating the peaceful aura of a luxurious holiday villa. EFFREY Chew is
        PHOTOS: JOSEPH NAIR  -  1,122 words
    • HEALTH
      • 583 44 Cheah Ui-Hoon finds out what to look out for in whitening products now that hydroquinone-based products can't be bought over the counter SO WHAT'S next after hydroquinone? The substance which has been the gold standard in skin whitening has been phased out in many products
        583 words
      • 517 44  -  Cheah Ui-Hoon By DIABETIC patients could soon have their complications like gangrenous wounds or ulcers treated with stem cells. It won't be for another few years yet, but there are currently some 2,200 clinical trials involving stem cells going on mainly
        517 words
    • SPORT
      • 665 46  -  Vincent Wee no holds barred vincewee@sph.com.sg Correspondent THE Volvo Ocean Race (VOR) coming to Singapore around Christmas promises to be the nautical equivalent of the Fl coming to town, but for the event to be a success and reap the full benefits for both the
        665 words
      • 906 46  -  Justine Moss Lewis Hamilton played a round at the Marina Bay course when he was here for the F1 last week. By SPORTING history was made last weekend when Singapore staged the first Formula One night Grand Prix at Marina Bay. As 20 drivers hurled
        906 words
    • MOTORING
      • 665 47  -  Wong Wei Kong Here are two examples of alternative motoring fun. Both are diesels but one is sporty and the other sensible ALFA Romeos tend to be bought with the heart, not the mind. But here's an Alfa that tries to speak to both. A diesel Alfa seems
        665 words
      • Article, Illustration
        499 47  -  Samuel Ec COLOURS notwithstanding, a Volkswagen that is tagged a Blue Motion is actually green. The badge, when applied to a model like the Polo Blue Motion, means it's the most efficient and environmentally friendly in the range. The Polo is an economical supermini. But the Blue
        499 words
      • 634 48  -  Samuel Ec Everything about the TTS is special from its powerful engine and its magnetic ride adaptive suspension to its stylish exterior and interior fittings. Sis a very special letter in the Audi lexicon. When present in a model name like S4 or SB, it denotes
        634 words

  • Page 36 Advertisements
    • 106 36 f 40* 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 exceptional young musicians
      106 words

  • Page 37 Advertisements
    • 767 37 Wine^Cline withßTWeekend Pine Court Chinese Restaurant Sens in Montpellier, this former right-hand on afternoons of weekends and public during the Singapore night race from 26 Level 35, Grand Tower man to the Michelin star twin chefs holidays, indulge in a sumptuous 28 Sep at $32.00++ onwards with a Meritus Mandarin
      767 words








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      204 words