The Business Times, 7 October 2008
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2008-10-07
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The Business Times
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Title Section19 2008-10-07 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Tuesday, October 7,200819 words
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Article, Illustration804 2008-10-07 1 CONRAD TAN - CONRAD TAN Commodity, financial stocks in Asia, Europe tumble as global outlook gets bleaker; STI dives 5.6% to 3-year low I By The Straits Times Index suffered its biggest one-day fall in percentage terms since January, ending 5.6 per cent lower at 2,168.32. Shares in<\FP, Bloomberg - 804 words
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MARKETS DIGEST
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Article48 2008-10-07 1 lorn iam KL COMP 996.84 -19.86 NIKKEI 225 10,473.09 -465.05 HANG SENG 16,803.76 -878.64 SET INDEX 551.80 -38.25 JAKARTA COMP 1,648.74 -183.77 MANILA COMP 2,499.53 -66.68 SEOUL COMP 1,358.75 -60.90 SHENZHEN B 297.29 -14.01 MUMBAI IND 11,801.70 -724.62 12N00N EDT Cham DOW 9,893.45 -431.93 NASDAQ 1,842.24 -105.1548 words
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Article30 2008-10-07 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.912 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.58 INDIA n 7°; SourceBloomberg - 30 words
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Article43 2008-10-07 1 USS S$ US$ (S$ per US$) 1.460 (USS/SS per 1.758 2.567 EURO (US$/S$/E) 1.362 1.988 'EN 103.60 71.00 RM 3.486 2.387 HK$ 7.772 5.323 BAHT 34.36 23.53 RUPIAH 9,580 6,562 RENMINBI 6.854 4.694 INDIAN RUPEE 47.48 32.52 1.332 0.912 IZ$ 1.535 1.05243 words
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611 2008-10-07 1 YEN SREENIVASAN - YEN SREENIVASAN Number of flights to double soon; more East M'sia services also on the way By [SINGAPORE] The skies between Singapore and Malaysia could get more crowded in the months to come, and airfares could drop significantly. Less than two611 words
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Page 1 Advertisements
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Advertisement108 2008-10-07 1 S I c MB 6 SON 5 I 1 I 5 £11BP lew I O BBV ijß^V MijjtfH HlflH I 1 m I I i^ I kS- "B "^ai B^~«J -^< IN SPI RAT lON. "When do you know your calling? At 26,1 still have no answers. But whether talent108 words
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Page 1 Miscellaneous
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Miscellaneous44 2008-10-07 1 RETAIL Wi SMEInc GAMING BE INSPIRED I Sincere Watch fc^Jlir Ex"cor PorateJet"setter Macau stocks Zap for daily inspiration. _h up for sale again sets up own franchise slide Win a Nikon Digital J page 2 aj m page 9 page 15 Camera! page 744 words
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Miscellaneous33 2008-10-07 1 Europe struggles to combat financial crisis PAGE 3 US$, yen explode on risk aversion PAGE 3 Citi, Wells Fargo could split Wachovia assets PAGE 17 Editorial: Tough going for Singapore bourse PAGE 2233 words
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TOP STORIES
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555 2008-10-07 2 JAMIE LEE - JAMIE LEE Liquidators for parent firm Peace Mark seeks bidders for retailer in ad By [SINGAPORE] Watch retailer Sincere Watch which was sold less than 12 months ago to wound-up firm Peace Mark Holdings is for sale again. This follows a Reuters555 words
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355 2008-10-07 2 SIOW LI SEN - UOB calls time on million fixed deposit drive SIOW LI SEN By [SINGAPORE] Millionaires made a beeline for United Overseas Bank (UOB) last week, swelling its coffers and causing the bank to end its fixed deposit drive just six days after it began. UOB declined to disclose the amount it355 words
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Article, Illustration448 2008-10-07 2 WINSTON CHAI - WINSTON CHAI Company braces for economic crunch with a series of cost-cutting steps By [SINGAPORE] Singapore Telecommunications (SingTel) has started adopting cost-cutting measures such as a headcount freeze in an early response to the heat from the global financial turmoil. The company is448 words
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THREE-MINUTE DIGEST
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91 2008-10-07 2 STOCKS in Asia and Europe were savaged yesterday as the banking crisis in Europe deepened and credit channels crucial to the normal functioning of financial markets and economic activity stayed blocked. Banks and other financial-sector stocks went into free-fall, joined by shares in91 words
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52 2008-10-07 2 THE skies between Singapore and Malaysia could get more crowded in the months to come, and airfares could drop significantly. Less than two months from now, flights between the Republic and Kuala Lumpur are set to double to 29 daily.52 words
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76 2008-10-07 2 WATCH retailer Sincere Watch which was sold less than 12 months ago to wound-up firm Peace Mark Holdings is on sale again. Peace Mark's liquidators, Ferrier Hodgson, placed an advertisement in BT on Saturday seeking "parties interested in acquiring the interest that76 words
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57 2008-10-07 2 EUROPEAN governments yesterday fought to shield banks and bank depositors from a global financial crisis that is undermining confidence, endangering the economy and casting doubt on their ability to respond as one. European markets responded to the disarray by sinking rapidly, following57 words
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75 2008-10-07 2 YELLOW Pages yesterday revised its offer for Cityneon Holdings to 60 cents a share, 3.45 per cent more than the rival bid of 58 cents from Star Publications (Malaysia). As the two rivals slug it out, Cityneon shareholders are rubbing their hands75 words
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93 2008-10-07 2 AMID choppy market conditions, investors sought out trading opportunities in derivatives and exchange traded funds, sending them to new trading records last month. The number of derivative contracts traded in the third calendar quarter rose 17 per cent from the previous record of 14.8393 words
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50 2008-10-07 2 SMALL and medium-size enterprises are increasingly looking to expand outside Singapore, the latest SME Development Survey by DP Information Group in April-June has found. And Asia has replaced the West, taking the top 10 spots for preferred overseas expansion. SINGAPORE NEWS, PAGE 850 words
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51 2008-10-07 2 STOCK markets are swooning, credit markets remain frozen, and some foreign officials are predicting that the US will lose its status as a financial superpower. And yet the US dollar the most visible symbol of America's financial might is surging. ECONOMY WATCH, PAGE51 words
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67 2008-10-07 2 WITH its world's tallest building nearing completion, Dubai said on Sunday that it is embarking on an even more ambitious skyscraper: one that will soar more than a kilometre into the air. That's the height of more than 10 American football fields,67 words
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737 2008-10-07 3 Reuters, AFP, AP Stocks crash in Germany, France and UK; Russia shuts down markets [PARIS] European governments yesterday fought to shield banks and bank depositors from a global financial crisis that is undermining confidence, endangering the economy and casting doubt on their ability– Reuters, AFP, AP - 737 words
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Article366 2008-10-07 3 EDWARD HADAS - EDWARD HADAS By IT was another tough weekend for European politicians and bankers. They did what they were supposed to, but it looks like another tough week lies ahead. The authorities are certainly trying. On Sunday morning, three European banks faced serious challenges. The rescues366 words
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Article, Illustration684 2008-10-07 3 LARRY WEE - LARRY WEE Korean won, A$ worst hit; US$ climbs to year's high of 551.4625 By [SINGAPORE] The US dollar and Japanese yen exploded to fresh multi-year highs versus key currencies like the euro and Australian dollar yesterday, as investors rushed out of risky financial■: Reuters - 684 words
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Advertisement545 2008-10-07 2 Banking Laws and Regulations Dates The financial services landscape is constantly undergoing change and evolution. Thursday, 13 November 2008 In recent years, compliance has taken on a more prominent role within financial 1.30pm to 5.30pm institutions. This is due in part to the introduction of an increasing number of regulations545 words
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Advertisement23 2008-10-07 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES23 words
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Advertisement11 2008-10-07 3 I W y Br I H |fl J DANIELROTH M //f/11 words
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COMPANY NEWS
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366 2008-10-07 4 SIOW LI SEN - SIOW LI SEN New bid is 3.45% more than Star Publications' 58< offer on Thursday By YELLOW Pages yesterday revised its offer for Cityneon Holdings to 60 cents a share, 3.45 per cent more than the rival bid of 58 cents from Star366 words
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Article559 2008-10-07 4 LEE U- WEN - LEE U-WEN THINGS are certainly not going according to plan as far as SingTel's month-old video-on-demand service is concerned. The telco made headlines in July when it announced a tie-up with Disney, Twentieth Century Fox and Warner Bros, allowing its mio TV platform to559 words
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Article, Illustration535 2008-10-07 4 LYNETTE KHOO - LYNETTE KHOO Market turbulence major deterrent for prospective issuers By GLOBAL IPO activity skidded to its lowest quarterly level since 2003 in the third quarter, with market turbulence proving a huge deterrent for prospective issuers. According to the quarterly Global IPO updateREUTERS - 535 words
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256 2008-10-07 4 SINGAPORE Press Holdings said yesterday it will sell most of its stake in a Hong Kong publisher. Through its wholly owned indirect subsidiary Magazines Incorporated, SPH will sell 80 per cent of its stake in MI Publishing (MIHK) to Sing Tao Holdings256 words
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Article, Illustration350 2008-10-07 5 CHEW XIANG - CHEW XIANG Move follows termination of licensing deal with franchisor By LISTED club operator Lifebrandz yesterday closed its Ministry of Sound outlet at Clarke Quay, less than three years after it opened to much fanfare. The $7 million club, affiliated to the famous London nightspot,350 words
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455 2008-10-07 7 LYNETTE KHOO - LYNETTE KHOO Sept's derivatives contracts hit 6.48 m, up 68% from same month last year By AMID choppy market conditions, investors sought out trading opportunities in derivatives and exchange traded funds (ETFs), sending them to new trading records last month. These derivatives and ETF455 words
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307 2008-10-07 7 Reuters It was down almost 26% at end-July, hit by volatile markets SINGAPORE-based Tantallon Capital, which manages around US$l billion in assets, has liquidated an US$lB million hedge fund after it suffered losses this year, sources said yesterday. "They have liquidated the fund," one source– Reuters - 307 words
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COMPANY BRIEFS
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106 2008-10-07 7 ASL Marine Holdings said yesterday that its wholly owned subsidiary, ASL Shipyard Pte Ltd, has secured new shipbuilding and fabrication contracts worth a total of $101 million. The shipbuilding contract for a self-propelled cutter suction dredger is secured from a long-term customer. The scope106 words
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31 2008-10-07 7 Reuters BUKIT Sembawang Estates said yesterday it has set up a $500 million multi-currency medium-term notes programme. OCBC Bank is the arranger of the programme.– Reuters - 31 words
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119 2008-10-07 7 FITCH Ratings said yesterday that while extreme financial market turmoil and the recent failure of some large Western banks has resulted in a crisis of confidence among banks globally, the financial profile of Singapore banks still remains sufficiently strong to maintain their high credit119 words
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51 2008-10-07 7 SWIBER Holdings, a service provider in the offshore industry, has announced that it has sealed a charter contract, worth about US$7.3 million, for one of its tugs in Vietnam. The contract starts in mid-October for six months and includes options for two additional six-month51 words
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Page 4 Advertisements
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Advertisement2079 2008-10-07 4 w MAIS -L^l \*J X. XvJ J—( l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg LSfc~r l962°0234E) NOT.CE OF ANNUAL GENERAL MEETING X ND ISA NOTICE IS HEREBY GIVEN that the Forty Fifth Annual General Meeting of Goldtron Limited ("the Company") will be held at Raffles r^*P*-w^ CHINA KANGDA FOOD2,079 words
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Advertisement175 2008-10-07 5 HI H pi IJ *****8 il^j^feßi^iidp^l IBHH^S c rvc9 RpW< ;::ss|lf' j SEE E9 www.servcorp.com.sg illill I Instantly in Business I From $90* per month! |l No set up fees, no security deposit, month to month flexibility M A Prestigious address for your business cards and letterhead Access to over175 words
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SINGAPORE MARKETS
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Article, Illustration582 2008-10-07 6 R SIVANITHY - R SIVANITHY STOCKS Index's loss from all-time high in October 2007 reaches 43 per cent WHO will bail out the bailout if the bailout fails? Will European banks be next in line to be saved? One year ago on Oct 11, 2007, theBloomberg - 582 words
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Article91 2008-10-07 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 1 13 2 0 0 0 1 13 2 Manufacturing 27 108 48 10 13 32 118 61 Commerce 42 22 48 23 Tpt/Stor/Comms 35 37 Finance 36 36 Construction 15 18 Properties91 words
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Article119 2008-10-07 6 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 31.440 31.440 111.752 111.752 Manufacturing 284.520 20.010 304.530 184.916 492 185.408 Commerce 105.930 6.010 111.940 108.647 975 109.622 Tpt/Stor/Comms 102.808 481 103.289 221.650 60 221.710 Finance 55.281 55.281 446.724 446.724 Construction 26.891 35.440 62.331 2.996119 words
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Article115 2008-10-07 6 Stock name Close Cham Stock name Close Cham CapitaLand 2.740 -0.200 Noble Grp 1.030 -0.150 CapitaMall 2.080 -0.090 OCBCBk 6.610 -0.490 CityDev 7.610 -0.400 Olam 1.360 -0.230 Cosco Corp 1.420 -0.130 S IA 13.500 -0.640 DBS Grp 15.600 -0.960 SGX 5.950 -0.240 F&N 3.300 -0.240 SIA115 words
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Article408 2008-10-07 6 CHOW PENN NEE - CHOW PENN NEE Capita Commercial Trust Oct 6 close: $1.11 Citi Investment Research, Oct 3 UPGRADE to "buy": At the current price, Capita Commercial Trust (CCT) offers a yield of 9.2 per cent. The stock price is now at similar levels as that of 2004, before the recovery408 words
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Article, Illustration286 2008-10-07 6 KEN TAI CHEE MING - KEN TAI CHEE MING, CHART POINT Long-term bearish stance for ST Index still holds THE Straits Times Index (STI) is in its fifth consecutive month of decline, having fallen by more than 1,000 points since May this year. Earlier expectations of a short-term rebound286 words
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Article, Illustration430 2008-10-07 6 Reuters CURRENCIES [LONDON] The euro was pummelled against major currencies yesterday as concerns for European finan-cial-sector health increased without signs of a coordinated policy response, while the yen spiked as investors cut risk exposure. Sentiment soured further against the euro, after leaders– Reuters; BLOOMBERG - 430 words
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Article58 2008-10-07 6 Oct 6 VALUE CLOSE BT OB/OS -1014.00-674.00 BT CADI -*****.00-322.00 BT 10-day MA -*****.00-101.00 FTSE ST Mid Cap 468.84 -28.98 FTSE ST Small Cap 400.08 -17.12 FTSE ST All Share 529.14 -30.96 FTSE ST China Top 227.12 -16.99 FTSE ST China 228.48 -15.26 UOB Catalist 97.92 -3.6558 words
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Article59 2008-10-07 6 VOLUME Golden Agri 79,109,000 Sing Tel 33,025,000 Noble Grp 30,097,000 Abterra 25,789,000 Olam 24,599,000 China Hongxing 22,997,000 Capita Land 21,956,000 Cosco Corp 20,360,000 Magnus 19,696,000 JiutianC 19,270,000 VALUE(S) DBS Grp 143,830,760 UOB 120,382,100 Sing Tel 101,391,300 OCBC Bk 86,249,910 SGX 80,305,600 Keppel Corp 75,666,930 Capita Land 60,316,09059 words
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Article109 2008-10-07 6 !.93%Pref10 BY CENTS CLOSE UP 8560 60.0 0.7 OCBCC STI 2750 DBePW*****3 103 35.0 51.5 STI 2800SGAePW*****0 124 26.0 26.5 OCBC Bk SGAePW*****4 53.5 21.0 64.6 STI 2700SGAePW*****0 107 21.0 24.4 STI2500BNPePW*****7 74 20.5 38.3 OCBC Bk RBePW/*****3 81 19.0 30.6 STI 2650 DBePW*****1 91 19.0 26.4 STI2500SGAePW*****9 82.5109 words
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Article117 2008-10-07 6 BY CENTS CLOSE DOWN 1224-183.9 -9.3 JSH GLD 10US 8177-129.9 -1.1 China H 10US 1082-127.0 -7.. DBS Gr| 1560 -96.0 -5.I DBS Bk6% NCPS 10 ***** -90.0 -0.9 Jardine C&C 1420 -88.0 -5.8 UOB 1574 -78.0 -4.7 JMH 2500 -75.9 -2.0 DBS MBL iCW*****3 320 -75.0 -19.0 CIMBAsean40 100US!117 words
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Article82 2008-10-07 6 Oct 6 CLOSE •/oCHNG YR2008 FR0O3 SSLOW S$ HIGH USS 1.4625 -0.92 1.4625* 1.3457 Euro 1.9839 1.34 2.2064 1.9750® Pounds 2.5715 -0.31 2.8431 2.5018 AS 1.0884 3.75 1.3251 1.0860® Yen* 1.4151 -2.60 1.4484 1.2619 Rupiah* 0.***** 0.76 0.***** 0.***** Baht* 4.2527 -0.23 4.4299 4.0190 Peso* 3.082882 words
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Page 7 Advertisements
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Advertisement26 2008-10-07 7 Digital Camera worth $549! Contest ends 31 October 2008. Nikon pi I 8.1 megapixels High performance digital image-processing engine Built-in Wi-Fi support Internet connectivity Zap Code26 words
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Advertisement275 2008-10-07 7 Screen images are simulated. ©2008 Samsung Electronics Co. Ltd. imagine a vast, seamless perspective t— We believe a wider perspective doesn't need to be at the expense of aesthetics. Which is why Samsung has worked its renowned design innovation into the new large format monitors. Nothing gets in the way275 words
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SINGAPORE NEWS
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391 2008-10-07 8 Reports by ONG BOON KIAT THE lack of skilled IT professionals has had a "moderate to severe" negative impact on businesses, according to a survey by US recruitment firm Kelly Services. Around 80 per cent of respondents from 440 AsiaPacific organisations said their businesses391 words
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Article, Illustration353 2008-10-07 8 It also plans to increase headcount to 30 in two years ENTERPRISE software and equipment supplier Avocent Corp has made Singapore its Asia-Pacific headquarters. The US firm expects to shell out $14 million over the next five years and increase headcount from353 words
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313 2008-10-07 8 NISHA RAMCHANDANI - NISHA RAMCHANDANI By THE Pravasi Bharatiya Divas (PBD) conference, which takes place in Singapore this week, aims to provide a platform for the Indian diaspora in the Asia-Pa-cific who are interested in sussing out emerging business opportunities in India. Organised by the313 words
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692 2008-10-07 8 OH BOON PING - OH BOON PING Survey shows Asian countries preferred; rising operating costs cited as top concern By SMALL and medium-size enterprises (SMEs) are increasingly looking to expand outside Singapore, the latest SME Development Survey by DP Information Group has found. And Asia has replaced692 words
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368 2008-10-07 8 GENEVIEVE CUA - GENEVIEVE CUA By AIG will not sell its general insurance operations in Asia, AIG officials declared yesterday. Leslie Mouat, AIG regional president for South-east Asia, yesterday told reporters that AIG would "absolutely" not consider even the sale of minority stakes. As for368 words
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164 2008-10-07 8 THE Life Insurance Association yesterday announced that Darren Thomson, president and CEO of Manulife (Singapore), is now its president, and Tan Hak Leh, MD of Great Eastern Life Singapore, its deputy president. Mr Thomson, who was deputy president of LIA, assumed his new role164 words
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Page 8 Advertisements
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Advertisement1329 2008-10-07 8 V**, rTTV^T/nrP Tollfree:1800-289-8822 w |\l II l-( Email: notices@sph.com.sg X^l Vfc>/ M. I v I' i www.cats.com.sg h^^^k 7 October 2008 (the "Appendix"), provided such transactions are made on normal commercial terms and will not be prejudicial to the interests of the Company and its minority shareholders, and are in1,329 words
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Advertisement57 2008-10-07 8 Air Astana the National Carrier rof Kazakhstan offers flights from To book and buy contact your travel agent Bangkok (3X Weekly), or Air Astana at +65 6223 8377 Beijing (6x weekly) and For furtherJ^S n o m ur website Seoul (2x weekly) to domestic Kazakhstan and Europe via Almaty -«557 words
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SMEInc
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Article, Illustration914 2008-10-07 9 The women-only Contours Express fitness club offers franchises only to committed people with the right mindset, reports MELISSA YEO CHONG Wan Kit had been a corporate jet-setter in the franchising business for more than a decade before she finally decided "enough was enough". "I got914 words
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690 2008-10-07 10 IT MATTERS BUSINESSES today strive to outdo the competition by extending newer products and even better solutions to their customers. Such increased competition means that businesses need to look beyond themselves for more effective solutions and explore new opportunities to increase their margins690 words
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999 2008-10-07 11 ERNEST KAN - ERNEST KAN Owners and shareholders of a private company must weigh the advantages and disadvantages of going public in the light of its plans and goals" By GOING public is a monumental decision for any company. The process of an initial public offer999 words
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Article, Illustration1422 2008-10-07 12 WHY do some family businesses fail? Is ineffective or insufficient governance to blame, or the lack of leadership qualities in the family? Sanjay Goel, strategic management and entrepreneurship professor at the University of Minnesota Duluth, has researched extensively the intricacies and challenges of running a1,422 words
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Article, Illustration576 2008-10-07 12 PRO-ENTERPRISE CHANGES Scrapping of old rules shortens the turnaround time for video clearance, says OH BOON PING VIDEO importer Alliance Entertainment is getting its consignments cleared much faster, thanks to a change in rules governing clearance. Previously, the company had to send all its consignments toYEN MENG JIIN - 576 words
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Advertisement8 2008-10-07 9 Hflc^'N^tL PQfefe &tT\~ w \^B 'k r ifl8 words
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Page 9 Miscellaneous
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Miscellaneous9 2008-10-07 9 IPOs What to consider before going public Page 119 words
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Advertisement3372 2008-10-07 10 Q j) WingTaiAsia WING TAI HOLDINGS LIMITED (Company Registration Number *****0239 D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 44th Annual General Meeting of the Company will be held at The Ballroom, Level 3, Raffles Hotel, 1 Beach Road, Singapore3,372 words
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Page 10 Miscellaneous
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Miscellaneous93 2008-10-07 10 SME The topic for next week's SME Voices column is: "What do you make of the recent tainted milk scandal? In your opinion, could this be part of a wider food safety problem in China and will this cause you to avoid food products made in China?" If you are93 words
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Page 11 Advertisements
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Advertisement242 2008-10-07 11 Finnish first in the race to innovate. Introducing the Helsinki School of Economics EMBA in Innovation Management. The HSE EMBA with a specialization in You will acquire the ability to confidently Innovation Management is the first of its kind manage the people, structural and process, post-graduate Program in the region242 words
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Advertisement364 2008-10-07 11 Call 6-531 7681 now for the Payroll Specialist payday! Payroll Serve TIME TO RELAX I^jIIIIIIIIEw n^___h HHHHHHHH-HHHHHHH_9_HHHHHH The Brains Trust October 14th 2008 If your current financial strategy depends on which way the wind is blowing, you might need a helping hand from an expert. Especially in today's uncertain world.364 words
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Advertisement342 2008-10-07 12 SINGAPORE 1000 X E f SINGAPORE SME 500 X M& SINGAPORE 1000 Mil j jji|||^ Family of Rankings Certifications Singapore 1000 Singapore SME 500 Singapore International 100 Fastest Growing 50 SME Growth Excellence Recognition THE ANNUAL RANKINGS OF THE NATION'S MOST SUCCESSFUL CORPORATIONS SMEs RANKED BY FINANCIAL PERFORMANCE 2009 Ranking342 words
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ECONOMY WATCH
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Article, Illustration725 2008-10-07 13 -NYT America still seen as safer bet as Europe and Asia weaken [WASHINGTON] Stock markets are swooning, credit markets remain frozen, and some foreign officials are predicting that the United States will lose its status as a financial superpower. And yet the US-NYT - 725 words
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376 2008-10-07 13 Reuters [MUMBAI] India's central bank yesterday said that it would cut the cash reserve ratio (CRR) for banks to alleviate a cash squeeze caused by the global financial crisis, but said that it was not relaxing its fight to rein in double-digit inflation.Reuters - 376 words
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745 2008-10-07 13 Reuters Aim of balancing budgets by 2010 now unrealistic [BRUSSELS] The holes in eurozone budget finances will blow wider this year and the next as financial market turmoil puts the brakes on economic growth, but a wholesale breach of the bloc's■ Reuters - 745 words
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Advertisement794 2008-10-07 13 A^M m^MA^^m \?/s's National University M^M \y c^/ of Singapore J| Executive MBA I HRHfct- '-'^1 l^lfl L 14 J tk,c K..E PRFQinFKIT I nflE busy rr\LjlL/LIN I j. i I I vßlWrote to achieve I I O I J I AAIt A Si JF Imm MM I I *rjr794 words
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MALAYSIA/INDONESIA
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Article, Illustration490 2008-10-07 14 S JAYASANKARAN - S JAYASANKARAN Privatisation will be a blow to XL bourse which has seen other good stocks delisted By! in Kuala Lumpur THE major shareholders of Air Asia, South-east Asia's largest budget carrier, are mulling over taking the company private, a development that could beAP - 490 words
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433 2008-10-07 14 PAULINE NG - PAULINE NG Dec contract drops on estimated surge in palm oil stocks By in Kuala Lumpur PLANTATION companies were among the biggest losers on the Malaysian stock exchange yesterday, as crude palm oil (CPO) futures dived more than 10 per cent. The433 words
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280 2008-10-07 14 -AFP [KUALA LUMPUR] Malaysia's Prime Minister Abdullah Ahmad Badawi kept the nation guessing yesterday on whether he will step down soon amid a festering rebellion in the ruling party, saying he will announce his decision in a day or two. "I will-AFP - 280 words
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555 2008-10-07 14 Reuters [JAKARTA] Indonesia's president was to hold a special meeting yesterday to discuss the impact of the global credit crisis on Southeast Asia's top economy as the central bank said that a fall in the rupiah currency was not a cause for worry. TheReuters - 555 words
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Advertisement2392 2008-10-07 14 RAFFLES EDUCATION CORPORATION LIMITED (Incorporated in Singapore) Company Registration No. *****0712N NOTICE IS HEREBY GIVEN that the Annual General Meeting of Raffles Education Corporation Limited will be held on 23 October 2008 at 10.00 a.m. at 99 Beach Road, Singapore *****1, to transact the following businesses: AS ORDINARY BUSINESS 1.2,392 words
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GREATER CHINA
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Article, Illustration605 2008-10-07 15 2008 gambling revenue may grow 32%, against 50% rise in 2007: analyst [HONG KONG] Shares in Macau gambling stocks slid yesterday as investors feared that Chinese restrictions on travel may dent the gaming haven's three-year casino boom, boding ill also for globalREUTERS - 605 words
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398 2008-10-07 15 Bloomberg Impairment of Fortis stake will wipe out H1 profit: analyst [BEIJING] Ping An Insurance (Group) Co, China's second-largest insurer, fell the most in a week in Hong Kong trading after saying it would take a charge on losses from its– Bloomberg - 398 words
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272 2008-10-07 15 Reuters [BEIJING] Chinese financial institutions have grown stronger in profitability and risk-resisting ability amid the global financial crisis and the financial system "is sound and safe", Premier Wen Jiabao said on Sunday. Mr Wen said that the "world economic situation" had seen dramatic changes– Reuters - 272 words
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175 2008-10-07 15 Bloomberg [SHANGHAI] China's central bank has allowed companies to resume the sale of medium-term notes in the nation's Interbank Bond Market and said listed companies can use the proceeds to buy back shares. Coal, power, oil and transport companies will have priority to– Bloomberg - 175 words
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443 2008-10-07 15 Reuters [SHANGHAI] The Shanghai government is considering merging two of the city's biggest taxi operators, Dazhong and Jinjiang, as it moves to consolidate the industry to cope with high fuel prices, government and industry sources familiar with the matter said. The government isReuters - 443 words
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Advertisement485 2008-10-07 15 CEwfß Kfi^MWß^^ 1111 I HKgHIHHII I inn" Organiser: Worldwide Associate: Official Show Daily Publisher: x Pfl Singapore Exhibition fjpO Overseas Exhibition UDStreaiTl A, ALLWC^RLD Pi Services Pte Ltd Servjces Ltd IOH Endorsed by: Held in: Supported by: The Official Airline: P^^BlWf^ffß!ifWfflß B^ SAVE UP TO 97% WITH IPP ZONE 1511!485 words
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INDIA
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543 2008-10-07 16 SIDDHARTH SRIVASTAVA - SIDDHARTH SRIVASTAVA Top 4 IT exporters imposing hiring freeze, deferring joining dates By in New Delhi THE global crisis in banking, financial services and insurance (BFSI) is hitting India's export-oriented software and outsourcing sector hard. International BFSI firms account for over 40 per cent543 words
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Article, Illustration393 2008-10-07 16 -AFP [NEW DELHI] India's corporate optimism has sunk on worries about the global economy and weakening demand, according to a new survey yesterday, as the stock market and rupee fell to fresh lows. Some 57 per cent of the 348 firms in-AFP; BLOOMBERG - 393 words
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202 2008-10-07 16 -AFP [TOKYO] Japan's top broker Nomura Holdings said yesterday that it had agreed to acquire Lehman Brothers' IT support operations in India, giving jobs to 3,000 more workers from the bankrupt Wall Street giant. Nomura, which is already buying Lehman's operations in the-AFP - 202 words
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175 2008-10-07 16 Reuters [PUNE, India] India's central bank said yesterday that the country's state-run banks were robust enough to deal with the global credit crisis and private sector banks also had adequate risk management systems. Reserve Bank of India (RBI) deputy governor V Leeladhar said that■ Reuters - 175 words
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Page 16 Advertisements
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Advertisement203 2008-10-07 16 Subxribe&Win! The Straits Times Digital The Business Times online The latest news. Any time, anywhere. From now till 31 st October 2008, sign up for any of The Straits Times J Mb Digital or The Business Times online (BTO) subscription plans below to: fl Get sure-win rewards J^^^^^^ Stand a203 words
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Advertisement129 2008-10-07 16 Our qualified professionals K^-/ can assist you with offshore 1 structures, shelf companies *jjjk and incorporations in ALL jurisdictions including: numffi FT Britisn vir 9'n Islands Cayman Islands 73 Bahamas I^B Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in129 words
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Advertisement36 2008-10-07 16 A RelVitalize g I Hotel Re! 1 yj^ Rocnj Stay I WtiZM I ReJWipe g I Hotel Re! l^m Happy Hour i^OptionsMaster Hedge Fund Disclaimer: Past perforniance is no[ necessarily indicative ol future or likely performance36 words
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ASIA-PACIFIC/WORLD
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513 2008-10-07 17 Reuters It will do so at the same time as announcing reserve management changes [TOKYO] The Federal Reserve could cut interest rates by a half-point this week because the central bank may want to do so at the same time as announcing changes■ Reuters - 513 words
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208 2008-10-07 17 Bloomberg [SINGAPORE] US Treasury Secretary Henry Paulson is expected to name Neel Kashkari to oversee the US government's US$7OO billion financial stabilisation programme, The Wall Street Journal reported, citing people familiar with the matter. As assistant secretary for international economics and developmentBloomberg - 208 words
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Article, Illustration353 2008-10-07 17 Bloomberg Under proposal, neither bank will get US financial aid [NEW YORK] Citigroup and Wells Fargo may end up dividing Wachovia Corp, the Charlotte, North Caroli-na-based bank staggered by almost US$53 billion of mortgage-related losses. Wells Fargo's US$l5.l billion offer last Friday trumpedBloomberg - 353 words
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Article241 2008-10-07 17 Keu- [LONDON] Oil fell below US$9O a barrel yesterday to its lowest in eight months, pressured by expectations that the global credit crisis will bring a sharp fall in oil demand. US light crude for November delivery fell US$4.2B a barrel to U5589.60 byKeu- - 241 words
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WORLD WATCH
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Article75 2008-10-07 17 Reuters [BOSTON] ImClone Systems has agreed to be acquired by Eli Lilly and Co for about US$6.5 billion," after rejecting a sweetened bid from Bristol-Myers Squibb, the companies said yesterday. The all-cash agreement values ImClone, which makes the cancer drug Erbitux, at US$7O per share,■ Reuters - 75 words
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Article81 2008-10-07 17 Bloomberg [NEW YORK] EBay Inc, which has almost doubled its staff since 2005, will cut 10 per cent of jobs as sales growth slows and competition intensifies. The firings will affect 1,000 employees and several hundred temporary workers, it said yesterday. The reductions will– Bloomberg - 81 words
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Article78 2008-10-07 17 Reuters [TAIPEI] Merrill Lynch's vice-chairman Richard McCormack yesterday said the global financial crisis would continue for the next 18 months to two years, in sync with the US housing slowdown continuing over a similar time frame. Speaking at a conference here, he also saidReuters - 78 words
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Article64 2008-10-07 17 Reuters [BANGKOK] The candidate from Thailand's main opposition party has been re-elected governor of Bangkok, leaving his rival from the main party in the national coalition government trailing far behind. Incumbent Apirak Kosayodhin from the Democrat Party won 991,081 votes in Sunday's election, in which only 54– Reuters - 64 words
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Article, Illustration655 2008-10-07 17 -NYT [NEW YORK] Cowed by the financial crisis, American consumers are pulling back on their spending, all but guaranteeing that the economic situation will get worse before it gets better. In response to the falling value of their homes and high gasoline-NYT; REUTERS - 655 words
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623 2008-10-07 19 Won falls 5% to a 6 1/2-year low against the dollar; Seoul reassures markets [SEOUL] South Korea said yesterday that its banks were having trouble raising foreign currency funds and tried to reassure markets spooked by the financial crisis sweepingReuters, AFP - 623 words
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361 2008-10-07 19 Bloomberg [MELBOURNE] Australian insurance and banking group Suncorp-Metway Ltd said it received several approaches for its banking and wealth management operations, which analysts reckon could fetch up to Ass billion (555.47 biUion). Suncorp shares rose 9 per cent to a highBloomberg - 361 words
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Article, Illustration387 2008-10-07 19 Reuters [STOCKHOLM] Two French scientists who discovered the Aids virus and a German who found the virus that causes cervical cancer were awarded the 2008 Nobel prize for medicine or physiology yesterday. Luc Montagnier, director of the World Foundation for Aids Research and■ Reuters; AFP - 387 words
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736 2008-10-07 19 -AFP Critics blame liberal market theories for financial mess [STOCKHOLM] The current financial crisis is raising questions about the legacy of the Nobel economics award, with prized liberal market theories being blamed for the mess and some experts saying the turmoil will-AFP - 736 words
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185 2008-10-07 19 -AFP [LONDON] Lehman Brothers, which fell victim to the credit crunch last month, lobbied the US Federal Reserve to be given access to liquidity this summer but was turned down, the Financial Times reported yesterday. Lehman discussed with regulators in July-AFP - 185 words
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554 2008-10-07 19 ■AFP More visiting mental health professionals as credit crunch hits [LONDON] Having himself suffered a total breakdown at the office, former corporate finance specialist Jonathan Naess is wellqualified to run a charity helping stressed-out workers in London's City district. And he is not short of■AFP - 554 words
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Page 18 Advertisements
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Advertisement535 2008-10-07 18 Avocent Corporation, a global leader in IT Operations f^ I Management, announces the launch of its *^V I Asia Pacific Regional Headquarters in Singapore I 7 October 2008 I I^. Cty//^* Huntsville, Alabama /flk are pleased to announce the opening of our new Avocent H I Regional Headquarters in Singapore,535 words
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AVIATION
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Article, Illustration336 2008-10-07 20 AFP Sector's downturn forcing airline to focus on business rather than on deal [MADRID] The tie-up between British Airways and Spanish national carrier Iberia will take longer than expected due to the downturn in the aviation sector, BA president Willie Walsh said inAFP; REUTERS - 336 words
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238 2008-10-07 20 Bloomberg But it isn't scaling back development or production plans [NEW YORK] Textron Inc's Cessna business-jet unit has seen a slowdown in aeroplane use and orders in recent weeks following the US financial crisis that has seized credit markets, Cessna president Jack Pelton– Bloomberg - 238 words
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173 2008-10-07 20 Reuters [LONDON] British low-cost airline easy Jet pic said that its passenger volumes climbed over 22 per cent last month to 4.2 million, highlighting continued strong growth among budget carriers despite the economic downturn. The company also said yesterday that its load factor– Reuters - 173 words
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294 2008-10-07 20 Bloomberg [NEW YORK] Honeywell International Inc, the world's largest maker of airplane instruments, has won a US$4 billion order to provide engines for General Dynamics Corp's new Gulfstream G250 executive jet. Two HTF72SOG turbofans will propel Gulfstream's latest model to 41,000 feet in less than– Bloomberg - 294 words
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165 2008-10-07 20 Bloomberg [WELLINGTON] Air New Zealand Ltd, the nation's biggest airline, plans to cut some services to Australia after demand fell and rivals offered lower fares. The company will suspend flights from the city of Hamilton to Sydney and to Australia's Gold Coast'- Bloomberg - 165 words
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Article2523 2008-10-07 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (I Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RB„,, u„ u„ u UM tJ iu„„,, EVA2,523 words
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Page 20 Advertisements
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Advertisement144 2008-10-07 20 BT/ZUJI Deals of the Week HEk^^^BIH^HBBe" -i, "ijf3fflc±i'iJ-L' 'jar's Is" i k^ IJ BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Seoul $2,404 $655 $107 Korean Air Korean Air DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Amman $5,474 (Qatar Airways) $1,579 (Qatar Airways) $218 0 Sunny Bangkok144 words
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Page 20 Miscellaneous
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Miscellaneous321 2008-10-07 20 CRYPTIC CROSSWORD 1 1 12 13 Isl6 It Is when the way across is H^ WU WU WU (6) 4 ....almost sure to be a prob- 9 I I lem for this sort of enemy L_J B^ tion lacking heart (6) __^J__^J__^J__^J__^H_—^^__^^J_ 10 Worker on a warning has a 11321 words
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EDITORIAL & OPINION
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Article450 2008-10-07 21 SINGAPORE shares crashed yesterday, in line with global markets, and more pain appears in store for investors, notwithstanding the odd technical rebound or two. The economic slowdown and a weakening Singapore dollar look set to serve up a double whammy for Singapore stocks. The strongest450 words
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Article, Illustration1473 2008-10-07 21 LEON HADAR - LEON HADAR Bill's passage, vice-presidential debate fail to affect economic and political realities AFTER defeating the first financial rescue bill on Sept 29 and sending the stock market into a sharp fall, the US House of Representatives approved a modified version of theREUTERS - 1,473 words
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Article, Illustration756 2008-10-07 21 WILLIAM PESEK JR - WILLIAM PESEK JR THE BOTTOM LINE IN times of trouble, investors often race to US Treasuries. Alisher Djumanov suggests a far less obvious destination: Central Asia. Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan and Uzbekistan don't tend to come to mind when searching for safety.756 words
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Article, Illustration1215 2008-10-07 22 AMITENDU PALIT - AMITENDU PALIT Reforms have paid dividends in attracting foreign investment with the prospect of further increase By I HE World Investment ReIport (WIR) of 2008 prepared by the United Nations Conference on Trade and Development is a shot in the arm for India's foreign directAFP - 1,215 words
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Article, Illustration918 2008-10-07 22 RUJUN SHEN - RUJUN SHEN Reuters By SHANGHAI, China's most populous city and an aspiring global financial centre, is also among the world's most vulnerable urban areas to a rise in sea levels as global warming melts polar ice. Its location on a low-lying alluvial plain near the mouth of– Reuters; REUTERS - 918 words
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Letter163 2008-10-07 22 Amy Balan - Amy Balan LETTER TO THE EDITOR WE refer to the article "SGX board stemmed investment loss" (BT, Oct 4) It was reported in the article that "In August 2004, SGX pumped $150 million into a market neutral funds portfolio, which returned $131 million in redemption proceeds this163 words
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Page 22 Advertisements
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Advertisement25 2008-10-07 22 I HOT IPO I Attract more interest from investors. Place your IPO notice our ij^i^ifl newspapers. Call 1800 289 8822 or email ij^i^ifl notices@sph.com.sg. I25 words
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SHIPPING
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Article, Illustration913 2008-10-07 23 Bloomberg Cargoes stranded as letters of credit become scarce, say shipowners, analysts [CHICAGO] Access to credit is the lifeblood of maritime trade and the credit crunch has largely cut off that supply, threatening to weed out weaker shippers and shipyards, as well as– Bloomberg; BLOOMBERG - 913 words
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434 2008-10-07 23 Somali pirates said to be aggressive but accommodative [KUALA LUMPUR] Somali pirates pointed guns habitually at Malaysian and Filipino tanker crew members held captive for weeks, but allowed Muslim hostages to fast and pray to observe the holy month of Ramadan,434 words
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Article241 2008-10-07 23 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co dropped to the lowest in 20 months in Seoul trading on concerns that the sale of a controlling stake in the world's third-largest shipbuilder may be postponed. Daewoo Shipbuilding slipped as much as 12 per cent to 23,050– Bloomberg - 241 words
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159 2008-10-07 23 J_ Bloomberg [HONG KONG] Seaspan Corp, the Hong Kong-based ship lessor, may tap US$B5O million of debt facilities to expand its fleet, as container lines struggle to secure loans amid the global credit crunch. "If opportunities come around, we will use theJ_ — _ Bloomberg - 159 words
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TRANSPORT STOCK
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Article108 2008-10-07 23 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.43 0.30 1.42 0.47 1.04 0.74108 words
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Article36 2008-10-07 23 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings unch 8.40 8.30 2.88 2.87 0.10 unch unch -0.10 0.05 -0.12 -0.06 -0.01 unch 0 305 1332 1145 6 38 036 words
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Article12 2008-10-07 23 '00 ■recious Ship Jegional Cont 13.20 11.80 -1.50 -0.90 2121 30912 words
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Article21 2008-10-07 23 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.00 25.00 2.00 unch unch unch -0.50 unch 10! 21! V21 words
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Article17 2008-10-07 23 Evergreen Marine ...14.30 :irst Steamship 39.60 /Van Hai Lines 14.10 -0.55 -0.60 -0.50 5 3 617 words
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Article36 2008-10-07 23 '000 :awasaki Hvy Ind...173.00 -15.00 ***** :awasaki Kisen 516.00 -53.00 9841 /litsubishi Hvy 390.00 -25.00 ***** /litsui Eng&Sbldg ..155.00 -15.00 ***** /litsuiOsk Lines ....751.00 -73.00 ***** lippon Express 407.00 -16.00 7078 lipponYusen 571.00 -46.00 *****36 words
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Page 23 Advertisements
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Advertisement18 2008-10-07 23 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists J M W AcollectionfromThe Business Times Availableatallleadingbookstores V18 words
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SINGAPORE STOCKS
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Article8902 2008-10-07 24 Transaction date: Oct 6 Hi. !-wks Tel Low Code Com| Sale C000) Hii Low Buj rer Seller C'vr P/E $mil >anj 14.5 4 3148 STelecom 20.5 5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 22.5 7 1938 AEI Corp 18 2 1100 AEM 36 13.5 21018,902 words
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Article2035 2008-10-07 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 cum2,035 words
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Article62 2008-10-07 25 _Hm Low Code Comi Sale COOO) _Hm Low Bui Seller C'vr P/E imil ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 230 6009 STI ETF 3977.9 3383.1 6010 STI ETF IOPV US*****d US6200 US100062 words
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Article68 2008-10-07 25 52-Wk Tel High Low Code Last Sale Vol Cooo] Day Last Quote lh Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an< Hii 122.8 55 6000 AVJennings 20.5 4 6134 Over&Gen 48.5 9.5 6017 StarCruises 283 130 6019 TanChonglnt A57cd A8 IIS9.5 IIK146 -1 45368 words
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Article8593 2008-10-07 25 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.726/ AIGIF Spore Bond Fund/^- 1.289/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.74/ APS Alpha Fund (USD)!* 0.51/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.8019/ APS Komaba Global8,593 words
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Page 24 Advertisements
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Advertisement48 2008-10-07 24 ROYAL OAK COLLECTION I' P^^^^^^^^ WHERE EXTREMES MEET |^^'JpFllf^ Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED i«^jg?*^^^^Z^: > <i' < >^<^J? !^T 1 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 jfei^^^^fe--—*^, J| CL^~ -IJi^/ |\S Internet: Http://www.audemarspiguet.com !^^ii '*&t-*^« <'""^ "^V" V48 words
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FINANCE & COMMODITIES
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362 2008-10-07 26 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Pet 3 World Index Preliminan 847.4 1.7 -25.1 1.8 -26.4 1.8 -26.9 t- EAFE Preliminai 803.1 0.9 -28.3 1.1 -31.0 1.1 -31.4 Euri Preliminan 1122.0 2.5 -27.3 2.9 -31.8 2.9 -32.3 Pacific362 words
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Article130 2008-10-07 26 As at 9am Oct6 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Austdollar 1.1010 1.1140 Can dollar 1.3340 1.3490 Euro 1.9780 2.0000 NZ dollar 0.9470 0.9680 iterlini ind 2.5590 2.5880 US dollar 1.4490 1.4660 Local dollars to 100 units of foreign currency: Currencies130 words
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Article24 2008-10-07 26 Oct6 ten Hii Sett STI SIMSCI Oct 278.6 278.8 267.2 Taiwan Oct 216.2 216.2 210.1 Source: MF Global (S) He. Ltd24 words
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Article173 2008-10-07 26 Oct6 fer Bii Overnight 1-month 2-months 3-months Overnight mode: 1 ys$ 1/2 1 3/4 1 3/4 1 3/4 Offer 3/8 1 1/2 1 1/2 1 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 5.00 5.50 5.50 5.50 5.00 5.00173 words
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Article23 2008-10-07 26 Out 6 S! Bid Offer 1-month 1.4556 1.4573 2 months 1.4527 1.4544 3-months 1.4498 1.4515 6-months 1.4426 1.4448 Source: OCBC23 words
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Article155 2008-10-07 26 Oct6 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0957 1.0968 0.7508 0.7509 Canadian dollar 1.3396 1.3415 0.9179 0.9184 Euro 1.9867 1.9889 1.3613 1.3617 NZ dollar 0.9498 0.9520 0.6508 0.6518 Sterlin. md 2.5655 2.5682 1.7579 1.7583 US155 words
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Article298 2008-10-07 26 Oct6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 EUROYEN TIBOR FUTURES 15:1188 97.6450 97.5250 1i8?i 5449 4112 DecO8 99.190 99.200 MarO9 99.280 99.290 JunO9 99.310 99.310 SepO9 99.260 99.280 DecO9 99.210 99.210 Mar10 Jun10 Sep10 99.180 99.280 99.285 99.260 99.210 99.200 99.245298 words
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Article228 2008-10-07 26 Oct6 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) NOV08 230.5 Dec 08 Jan 09 Feb 09 222.5 Mar 09 222.5 Apr 09 221.0 230.5 222.5 222.5 221.0 230.5 229.5 228.5 222.5 222.5 221.0 40 24 40 40 32228 words
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Article101 2008-10-07 26 Oct3 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 992.00 1004.00 1023.00 991.00 Jan 09 1008.50 1020.75 1038.00 1006.00 MarO9 1021.50 1035.75 1053.00 1021.00 May 09 1032.50 1047.00 1062.00 1037.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct08 42.00 42.71 43.10 42.10 Dec 08 42.50101 words
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Article76 2008-10-07 26 CRUDE OIL PRODUCTS Oct3 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 90.71 -0.52 WTI (Near Mth) 93.76 -0.01 Dubai (1-Mth F) 87.58 -3.27 Tapis blend 96.50 -2.80 Minas 92.35 -2.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 78.60 107.80 -3.30 -4.60 US$/barrel Opec Oil Basket76 words
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Article464 2008-10-07 26 Oct6 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.818 5.146 0.551 5.836 35.647 71.931 0.778 9.528 2.617 1.153 58.754 35.620 1.096 6.498 0.855 24.288 25.799 0.427 0.751 Canada 1.223 6.293 0.674 7.136 43.591 87.963464 words
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Article89 2008-10-07 26 Oct6 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****H 08.01.09 1-Year BY*****N 04.05.09 1.33 1.42 1.38 1.25 1.40 1.22 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year89 words
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Article73 2008-10-07 26 Reuters SWAP Offer rates (Ss) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** Oct 6 6mths 1.***** 9mths 2.***** 12mths 2.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 3.***** 12yrs 3.***** 15yrs 3.***** Source. (US$) (SS) 4.*****Reuters \ - 73 words
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Article64 2008-10-07 26 Oct6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Oct OS 1889 Nov08 1869 Dec 08 1850 Jan 09 1845 Total o/p: ***** contracts 1860 1896 1896 441 2208 1814 1875 1875 367 9774 1820 1880 1880 *****64 words
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Article132 2008-10-07 26 Oct6 /oz) Hong Kong London 831.00 839.80 832.00 840.80 Oct 03 Oct 02 839.50 832.50 841.50 834.50 Source: Reuters CAST BAR (S$) octoe Buying Sellini Kilobar "42,021.04" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS Kinebar™ 94.16 267.5132 words
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Article69 2008-10-07 26 Oct 3 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2295.20 2256.00 3 months 2339.00 2301.00 Copper, Grade A (USS/tonne) Cash 3 months 6085.00 6010.00 5874.00 5850.00 Lead (USS/tonne) Cash 1702.00 3 months 1720.00 1674.00 1695.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.0069 words
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Article70 2008-10-07 26 Oct3\ COCOA (Btonne) Close Prev Hii ih/Low Dec 08 1436 1440 1445/1417 Mar 09 1468 1469 1475/1451 May 09 1469 1468 1474/1448 Jul 09 1478 1475 1469/1460 COFFEE (US$/tonne) Close Pev High/Low Nov08 1911 1931 1945/1885 Jan 09 1975 1995 2009/1948 SUGAR (US tonne) White Close Prev High/Low Dec70 words
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Article2887 2008-10-07 26 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left Second Chance Prop W*****7 2058 Advance Modules GrpW*****3 2036 Advance SCT Ltd W*****9 9092 Asia Environment W*****4 4481 Asia Water Tech Ltd W*****0 3816 SAsiasons Capital Ltd W*****7 87562,887 words
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Advertisement2306 2008-10-07 27 m The Business Times Shipping Times m iT-LTJUJJJI i^^L^ffrWl^iJMtfC m\\ wan hai international pte ltd TTr" WjK^^JiXkTlMwW^&^millM I V"%TT\ |I|»H II A I Illirr TEL *****588 <14 LINES) FAX:*****163 I A«J: 11 IIINVt 11 BSBSHHSSaBSIaSaSaiIiM WnMmWf&^lKiflSfliU I Vwl WAN HAI INtS <>»•«■■« Setvke/Bookings Urecl Line (IBOO> *****200 lllnl^tiHßKWmSltnMKfll V V2,306 words
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Page 28 Advertisements
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Advertisement4447 2008-10-07 28 JTX[I AU STR AL ASIA LINE websi.e:h..p://www.aus.ralasialine. C om l|2|l H R H H I gj fg f'^V/W ASIA AUSTRALIA SERVICE J"-/'/i».i l.'»/.ii»-i 111 h-Mvli fuy,l H H _Efli HJM HM HH HHH BSSZ^^^^^H3l^^^^Ei:^^^ra^^^^l^^^H3l^^^B3^^^E3!^^ WEEKLY EXPRESS SAILING SCHEDULE ttPi MORiTON lIAB 21/09 OVIO 13/10 __1! 07/11 wm3STinwmmnfTmMPHrWSll!trWl33BfmiMMfimTllM CAFEPRESTON 12AB WW4,447 words
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PROPERTY
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463 2008-10-07 29 Reuters Occupancy rates are high and rents can be raised every two years, it says [LONDON] The Atlantis Japan Growth Fund is picking up discount retailers, of-fice-based real estate investment trusts (Reits) and trucking companies to try to buck the Japanese downturn, saidReuters - 463 words
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Article, Illustration301 2008-10-07 29 AFP Mixed use Jumeirah Gardens will be built over 12 years [DUBAI] A Dubai government firm yesterday announced it will build a "new city" in the booming Gulf emirate at a projected cost of US$95 billion, shrugging off the global financial turmoil. TheAFP - 301 words
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Article, Illustration572 2008-10-07 30 -AP Taking 10 years to complete, building's final height is secret [DUßAl] With its world's tallest building nearing completion, Dubai said on Sunday that it is embarking on an even more ambitious skyscraper: one that will soar more than a kilometre-AP; AP - 572 words
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408 2008-10-07 30 Bloomberg Colliers expects slowdown in price rise till 2010 after 5 years of steep gains [DUßAl] Home prices in Dubai, the second-biggest of the seven sheikhdoms that make up the United Arab Emirates, are likely to remain flat until 2010 after five yearsBloomberg - 408 words
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311 2008-10-07 30 -AP [CAIRO] Saudi Arabia's Al-Shoala Group and Du-bai-based Emaar Properties have teamed up on a US$7.2 billion community project near the Saudi capital of Riyadh. Emaar said the Rawabi Rumah project will have luxury homes, apartments, commercial and retail space, hospitals and community centres. The-AP - 311 words
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Article, Illustration672 2008-10-07 32 Bloomberg Specific measures and rate cuts may be used to prevent sharp slowdown, says JPMorgan [BEIJING] China may use targeted measures and in-terest-rate cuts to revive a sagging property market and sustain economic growth, said Jing Ulrich, chairwoman of China equities at JPMorgan■ Bloomberg; REUTERS - 672 words
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Article257 2008-10-07 32 Bloomberg Tokyo investment firm says it has not been able to put together a fund [TOKYO] Asset Managers Holdings Co, a real estate investment firm whose shares are down more than 90 per cent this year, said it will delay by two months payment forBloomberg - 257 words
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Advertisement1929 2008-10-07 29 X^l \^J A J.^^^ 1 l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg Ki^^S BSgg^fSfJJaSSSP"*Ltd I %*:< SB elite ksb holdings limited fcfcm^fc^ll^fc^ Company Keg NO. I»B4UZBSUt (Company Registration Number: *****0824G1 HOLDINGS Notice Of Annual General Meeting Notice of Annua Genera Meeting 2008 KIS HEREBY GIVEN that the Twenty-Fourth Annual1,929 words
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Page 29 Miscellaneous
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Miscellaneous104 2008-10-07 29 ZAP HERE for the latest property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word 'Zap sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software (located either in "Games" or "Applications" folder104 words
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Advertisement33 2008-10-07 30 I Corporate Building 4 0i For Lease II Located Kaki Bukit Place \ft From 7,886 to 40,481 sq ft Good corporate image For office showroom storage space I |-~i H M Immediate Occupation33 words
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Advertisement277 2008-10-07 30 S«L Jl^zs Residence 6,000 sqft Sky Suite (Single Level) En-suite bedrooms Luxurious Living The One And Only in St. Regis Res. Beaufort On Nassim 3,000 sqft Low Rise Resort Living 3+l Family Area Jacuzzi Greenery Prestigious Address of Status CBRE Luxury Homes f-npp Sharon *****665 IDBSHIIEE II DIST 9-10 GOOD277 words
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Advertisement200 2008-10-07 31 zSifi Banyan Tree Ifg Residences ;'J^j'''^M I—#—^Hisl—§-flfc i I tfnTCJll jSSfi JiSm^^^S "^Tfe*v'*'JnK EMSH^»~"^^^ fcJ^W Jw EM^'i^' wBUI \J -M& IN TODAY'S VOLATILE MARKETS, INVEST IN A TRULY RARE FIND. With current market conditions, the fundamentals of sound investments are never more pertinent. Easy to understand, guaranteed returns, limited units200 words
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Advertisement56 2008-10-07 32 *****/8500sqft srchitect. 'Sk I Posh interior. pf"*^ tf I •Surrounded by greenery bdnP FINDTHEONES h^}h -CiyP y THAT FIT! do P V ■*>J I Recruit the right people through CATS Recruit. 1 3 C^ p^ Call 1800 289 8822 or email P 1 (_J V^" <___]— —j r^A recruit@sph.com.sg to56 words
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Advertisement223 2008-10-07 32 QlVf A DT Investment k3ITAr^XV± International Property Expo 10am 7pm 11 12 October 2008 Hall 401, SUIMTEC Singapore International Convention Exhibition Centre Where are the Safe Overseas Property Havens? Over 30 Live Presentations! Learn to secure your financial well being. All your investment options available from property to wealth planning223 words
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DINING INDULGENCE
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Article, Illustration668 2008-10-07 33 Eat as much as you like in elegant surroundings or opt for a prime cut cooked to your specifications Aquamarine Marina Mandarin Singapore 6 Raffles Boulevard Tel: 6845-1111 Open: 6.30 am to 11pm (Sun-Thurs) and 6.30 am to 2am (Fri, Sat and eve668 words
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Article, Illustration334 2008-10-07 33 Crustacean promotion Olive Tree Intercontinental Hotel 80 Middle Road Tel: 6825-1087 FOR two months, the Olive Tree will be offering a selection of seafood as part of its international buffet spread nightly. Crustaceans like slipper lobster (or crayfish) and clams will be featured on Sunday to334 words
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Advertisement936 2008-10-07 33 Brought to you by DBS American Express® Cards |B5 zzm Dbs Black American Express" Card df^jkK DBS American Express® Cards the only Cards that bring you privileges %&M i from two of the best dining programs in town all-year round Enjoy some of the best 1-for-1 dining deals and delicious936 words
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