The Business Times, 8 October 2008

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Microfilm: NL29503
Total Pages: 35
1 35 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Wednesday, October 8,2008
    20 words
  • Article, Illustration
    Lock icon Govt to corporatise Changi Airport
    868 1  -  YEN SREENIVASAN Temasek to buy newly created entity to be headed by Liew Mun Leong By [SINGAPORE] Award-win-ning Changi Airport and its operating businesses will be sold to a Temasek-con-trolled company next year. The yet-unnamed-com-pany (Newco) will be headed by its new chairman, listed Capita
    STEPHANIE YEOW/THE STRAITS TIMES  -  868 words
  • Article
    Lock icon Making sense of the post-bailout meltdown
    666 1  -  VIKRAM KHANNA COMMENTARY US needs to urgently recapitalise its banks and Europe must get its act together fast By THE global stockmarket meltdown in recent days and the still-frozen state of the interbank markets are clear signs that market participants have given a thumbs-down
    666 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      43 1 EXEC MONEY PERSPECTIVES CT QANTAS BE INSPIRED I Mutual funds FROM THE TOP 36 injured in Zap for daily inspiration. _h hardest hit Banker with a mission mid-air drama Win a Nikon Digital page 32 page 36 page 4 Camera! PAGE 10 I—■—^B
      43 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      38 1 Markets recover, but still topsy-turvy in Europe PAGES 2,4 Fed to buy massive amounts of US debts page 2 Analysis: Europe shows limits in credit crisis page 12 Richard Fuld faults Fed for not rescuing Lehman PAGE 17
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Govt to corporatise Changi Airport
        80 2 THE award-winning Changi Airport and its operating businesses will be sold to a Temasek-controlled company next year. Meanwhile, the government, through a newly created civil aviation authority, will continue steering national aviation policy and goals, while maintaining oversight and governance over the new monopoly operator.
        80 words
      • Article
        Lock icon RBS worries dampen Aussie rate cut cheer
        65 2 A SURPRISE rate-cut decision by Australia arrested the downward spiral on which stockmarkets, worldwide, have found themselves of late. But some of the pessimism returned as the hours passed, making it a topsy-turvy day in Asia and Europe. Initial sentiment was buoyed by
        65 words
      • Article
        Lock icon UK banks suffer wild swings on talks with govt
        99 2 BRITISH banks had a roller coaster ride on the stock market yesterday morning after news spread that they had had talks with the Chancellor of the Exchequer Alistair Darling on Monday night. The Royal Bank of Scotland saw a dramatic 40
        99 words
      • Article
        Lock icon Telco stocks still seen as defensive plays
        89 2 DESPITE warning bells from Singapore Telecommunications, market analysts still see the local telco sector as a safe harbour for weathering the surging economic storm. Sing Tel on Monday said it has instituted cost-cutting measures as some parts of its local business are starting
        89 words
      • Article
        Lock icon Letter questions ability of Thakral chairman
        71 2 THE fight for control at Thakral Corporation has intensified, with the key players laying out their cases to drum up shareholder support. Major shareholder Hong Leong Group, which has called for the removal of chairman Kartar Singh Thakral as a director, last Friday issued
        71 words
      • Article
        Lock icon Temasek goes ahead with sale of PowerSeraya
        36 2 DESPITE the latest shake-up in global financial markets, Temasek Holdings yesterday said it was launching the sale of PowerSeraya following strong interest from potential bidders. SINGAPORE NEWS, PAGE 11
        36 words
      • Article
        Lock icon US taxman acts to ease liquidity flow to firms
        78 2 THE US Internal Revenue Service has taken steps to help ease the credit crisis by allowing corporations to ramp up their use of tax-free loans from overseas subsidiaries. It is intended to help ease the credit crisis by luring back into
        78 words
      • Article
        Lock icon Indonesia raises rates to slow inflation, lift rupiah
        62 2 INDONESIA'S central bank raised its policy rate to slow inflation and boost the rupiah after the nation's stock index plunged 10 per cent on Monday amid a global credit crisis. Bank Indonesia governor Boediono and his seven colleagues raised the BI Rate
        62 words
    • Article, Illustration
      Lock icon RBS worries dampen Aussie rate-cut cheer
      831 2  -  CHEW XIANG Economists predict rate cuts elsewhere but European banks stay under cloud By [SINGAPORE] A surprise rate-cut decision by Australia arrested the downward spiral on which stock markets worldwide have found themselves of late. But some of the pessimism returned as the hours
      REUTERS  -  831 words
    • Article
      Lock icon Fed to buy huge amounts of short-term US debt
      604 2 AP, Bloomberg, Reuters [WASHINGTON] The Federal Reserve announced yesterday a radical plan to buy massive amounts of shortterm debt in a dramatic effort to break through a credit clog that is imperilling the US economy. As the crisis worsened, European finance
      – AP,; Bloomberg, Reuters  -  604 words
    • Article
      Lock icon Morgan Stanley optimistic about Asia
      530 2  -  CONRAD TAN SEA chief says it'll continue to grow Spore, Asia business By [SINGAPORE] Morgan Stanley will continue to grow its operations in Singapore and the rest of Asia despite recent changes affecting its American parent company, its South-east Asian head said yesterday. Ronald Ong,
      530 words
    • Article
      Lock icon Qantas mid-air drama leaves 36 people hurt
      460 4 AFP, nwurnuery Perth-bound plane from Spore makes emergency landing [PERTH] Thirty-six passengers and crew were injured, some seriously, in a mid-air drama that forced a Qantas jetliner to make an emergency landing yesterday, the Australian carrier and police said. The terrifying incident saw
      – AFP, nwurnuery  -  460 words
    • Article, Illustration
      Lock icon UK banks suffer wild swings on talks with govt
      475 4 Reuters, Bloomberg Discussions continue on a possible multi-billion pound fund injection [LONDON] British banks had a roller coaster ride on the stock market yesterday morning after news spread that they had had talks with the Chancellor of the Exchequer Alistair Darling
      – Reuters, Bloomberg; AFP  -  475 words
    • Article
      Lock icon Grace period for Lehman Minibonds lapses
      298 4  -  OH BOON PING By [SINGAPORE] The grace period for interest payment on series 5 and 6 of Lehman Minibonds is now over, says the Monetary Authority of Singapore (MAS). In a statement, MAS said the programme trustee HSBC Institutional Trust Services (Singapore) had notified
      298 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        45 4 uesi iam I COMP 997.23 +0.39 IIKKEI 225 10,115.90 -317.19 IANG SENG Closed ;et INDEX 528.71 -23.09 JAKARTA COMP 1,619.72 -29.02 1ANILA COMP 2,424.19 -75.34 ;eoulcomp 1,366.10 +7.35 ;henzhenb 297.37 -0.09 IUMBAI IND 11,643.58 -158.12 12NOON EDT Chant )OW 9,883.42 -72.08 IASDAQ 1,845.82 -17.14
        45 words
      • Article
        Lock icon PRIME RATES
        29 4 SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 16.069 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 2.55 INDIA 13.75 Source: Bloomberg
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        40 4 IS$ (S$ per US$) 1.46. (US$/S$ per 1.745 2.55. iURO (US$/S$/E) 1.358 1.981 'EN 102.50 70.0I 3.493 2.38! IK$ 7.766 5.30! !AHT 34.51 23.5 lUPIAH 9,555 6,52 1ENMINBI 6.823 4.661 INDIAN RUPEE 48.01 32.81 1.379 0.942 IZ$ 1.570 1.07.
        40 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      609 2 BSP Funds Work! Dates The pooling of investor funds is an alternative to individual investing. Collective 11 i/it>.t v. mo investment vehicles offer investors a diverse balance of different investment styles, 13-14 November 2008 TT product sectors, and risk/return profiles. Unit trusts (also known as mutual funds) have 9.00 am
      609 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      100 3 OCBC Business Banking How can a bank lighten the load of your business banking needs? It's easy. We have taken the complexities out of business banking, so you can focus on growing your business. With our extensive industry expertise, we have created the relevant financial tools and services needed to
      100 words
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  • Page 5 Advertisements
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      74 5 Isn't it interesting how seductive solidity is in times Independent Asset J Managers Family Office Global Custody iU A V Investor Services 1/ r| C^ f Asset Management |F\ f^ f^ f^ Investment Funds III \V^ LI I V^ V^ it Bank Pictet Cie (Asia) Ltd 80 Raffles Place 17-01
      74 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Telco stocks still seen as defensive plays
      389 6  -  WINSTON CHAI Local telcos a safe harbour to weather surging economic storm, say analysts By DESPITE warning bells from Singapore Telecommunications (Sing Tel), market analysts still see the local telco sector as a safe harbour for weathering the surging economic storm. The Republic's
      389 words
    • Article
      Lock icon Better to cut losses as things can get much worse: Oei
      418 6  -  TEH SHI NING By THE credit crisis is likely to worsen and Europe will have a harder time than the United States, tycoon Oei Hong Leong said yesterday. Speaking at an event to honour his $7 million donation to
      418 words
    • Article
      Lock icon Stocks not expected to bottom out in Q4
      647 6  -  CHOW PENN NEE Credit Suisse picks defensive stocks like UOB, SIA, SPH, 01am By HOW low can our stock market go? There is still some way before it reaches the bottom, said a Credit Suisse report. The Singapore market will not bottom
      647 words
    • Article
      Lock icon Cityneon shareholders: the envy of all
      605 6  -  SIOW LI SEN CITYNEON Holdings essentially a small contractor which puts up temporary structures for events and exhibitions is suddenly in the enviable position of being fought over. Usually ignored by punters and untraded on many days, Cityneon (which made $2 million for the
      605 words
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      Lock icon Page 6 Advertisements Column 1
      1948 6 V<27 iLT^'T^T^^T'n Toll free: 1800-289-8822 IV I fl If L V Email: notices@sph.com.sg X Vfc-/ JL JL^^ I■■ l 3 www.cats.com.sg y s M Middle East Development Singapore Ltd. Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at
      1,948 words
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      25 6 fNOVENA MEDICAL 1 CENTRE PRIME LOCATION EXCLUSIVE, SOPHISTICATED MEDICAL HAVEN Various units avail.. 743/ 1400/2100 sq ft Convenient, nexttoTTSH/ Novena MRT For Sale/Rent. Attractive rates.
      25 words
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      40 7 I j l'-^:. ft 1 Proudly built by: Ipllp PPL shipyard pte ltd P^^pW" 21 Pandan Road Singapore *****3 /rfWT^ J^* It" Tel: (65) 6265 0477 Fax: (65) 6264 4130 'fUifrJr V W*/ X wilsee^h Email: corporate@ppl.com.sg Website: www.ppl.com.sg eo«oi
      40 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Buy the dips or sell the rallies?
      704 8  -  LARRY WEE CURRENCIES Both fundamentals and charts seem to paint an ominous outlook THE Japanese yen led the way impressively for currencies over the past week, exploding an unprecedented 13 and 10 per cent higher against the Australian and New Zealand dollars on
      704 words
    • Article
      Lock icon Financial market recap
      229 8 me week s changes YEAR TO DATE OCT 7'08 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 101.67 -3.22 112.05 95.71 SGD 1.4662 2.80 1.4696** 1.3457 IDR 9565 1.43 9700** 9035 THB 34.47 1.83 34.78 31.00 CNY 6.8169 -0.46 7.2085 6.8099 MYR 3.4925 1.47 3.5000** 3.1310 CURRENCY
      229 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      99 8 Active counters with no volume for today are not included. Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 5 4 0 0 0 8 5 4 lanufacturing 39 67 63 12 47 75 75 Commerce 15 25 27 19 27 29 'pt/Stor/Comms 18
      99 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      115 8 Sing foreign stocks. Value calculated using Monday's exchange rates. MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 40,979 40,979 167,576 167,576 lanufacturing 324,023 11,233 335,256 228,907 566 229,473 Commerce 131,292 10,652 141,944 111,390 1,917 113,307 'pt/Stor/Comms 110,882 66 110,948 251,144 251,152 :inance 53,878 100 53,978 389,420 389,427
      115 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      104 8 lapitaLand 2.570 -0.170 Noble Grp 1.010 -0.020 lapitaMall 2.060 -0.020 OCBC Bk 6.610 lityDev 7.480 -0.130 Olam 1.400 4-0.040 Iosco Corp 1.460 4-0.040 S IA 13.320 -0.180 IBS Grp 15.780 4-0.180 SGX 6.060 4-0.110 :&N 3.390 4-0.090 SIA Engg 2.240 4-0.010 ientlntl 0.430 4-0.005 SPH 4.000
      104 words
    • Article
      Lock icon BROKERS' TAKE
      812 8  -  CHOW PENN NEE Sing Tel Oct 7 close: 553.12 CI MB, Oct 7 SINGTEL will raise both residential and business fixed line voice subscription rates and call charges from Jan 1, 09. Subscription fee is raised by 7-10 per cent and call charges by 14 per cent. Sing
      812 words
    • Article, Illustration
      Lock icon A chance for investors to sell into strength
      602 8  -  R SIVANITHY STOCKS A SMALL window of opportunity opened for investors to sell into strength yesterday when a short-cover-ing bounce added 53 points to the Straits Times Index, taking it to an intraday high of 2,230. The window, however, was slammed shut
      602 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      59 8 CLOSE BT OB/OS -1044.00 -30.00 BT CADI -*****.00 -67.00 BT 10-day MA -*****.00-105.00 FTSE ST Mid Cap 462.03 -6.81 FTSE ST Small Cap 395.62 -4.46 FTSE ST All Share 529.10 -0.04 FTSE ST China Top 222.80 -4.32 FTSE ST China 225.09 -3.39 UOB Catalist 98.30 +0.38 SiMSCI
      59 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Golden Aqri 79,168,000 Noble Grp 50,610,000 CapitaLand 42,974,000 SingTel 38,216,000 Sunmoon 36,775,000 China Honqxinq 33,012,000 Yanqzijianq 25,975,000 Gent Intl 25,895,000 Wilmar 25,079,000 Cosco Corp 23,688,000 VALUE(S) Keppel Corp 127,936,368 SingTel 118,336,335 CapitaLand 113,891,256 DBS Grp 107,623,641 SGX 104,760,490 UOB 100,069,360 OCBC Bk 60,112,080 Noble Grp 52,129,805
      55 words
    • Article
      Lock icon RISES
      100 8 BY CENTS CLOSE UP 8626 657.0 5.5 GLD 10US$ JSH 1264 58.5 3.3 DBS Bk6% NCPS 10 ***** 30.0 0.3 China H 10US$ 1100 26.3 1.7 STI2700BNPePW*****7 104 22.5 27.6 UOB 1596 22.0 1.4 B Sembawani 618 18.0 3.0 DBS Gr| 1578 18.0 1.2 DBSDBePW*****2 45 15.5 52.5 Asia
      100 words
    • Article
      Lock icon FALLS
      109 8 CLOSE DOWN ICBC Bk4.5%NCPS 100 9060-80.0 -0.9 IMH 2446 -79.0 -2.2 'enture Con 629 -61.0 -8.8 UOBMBLJCW*****0 262 -44.0 -14.4 ISMSCI India 100 425 -41.0 -6.2 206 -33.0 -13.8 ICBC Bk5.1%NCPS 100 9670 -32.0 -0.3 ICBCCai 5.1%NCPS 100 9520 -30.0 -0.3 India Ni 10 1090 -29.0 -2.6 Teative Tech
      109 words
    • Article
      Lock icon CURRENCIES
      82 8 Reuters Source: iere! S$ stands Oct 7 %CHNG YR2008 CLOSE FR0O6 S$ LOW S$ HIGH ISS 1.4662 -0.25 1.4696* 1.3457 iuro 1.9860 -0.11 2.2064 1.9750 'ouncls 2.5506 0.82 2.8431 2.5018 1.0491 3.61 1.3251 1.0271® 'en* 1.4421 -1.87 1.4484 1.2619 iupiah* 0.***** -0.51 0.***** 0.***** !aht* 4.2536 -0.02 4.4299 4.0190
      Reuters  -  82 words
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      827 9 s JlF^- HJ|^pG Singapore to host Inaugural International Energy Week Singapore is proud to present the first ever International Energy Week (lEW) from 3 to 7 November 2008. Jointly organised by the Energy Market Authority (EMA) and the Energy Studies Institute (ESI), the lEW will be a week for international
      827 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Letter questions ability of Thakral chairman
      513 10  -  EMILYN YAP Hong Leong letter voices concern that he is infirm and not chairing meetings By THE fight for control at Thakral Corporation Ltd (TCL) has intensified, with the key players laying out their cases to drum up shareholder support. TCL hit the headlines
      513 words
    • Article
      Lock icon Iconic Global shares to be delisted today
      386 10  -  LYNETTE KHOO By ICONIC Global, the former China Food Industries, said its shares will be delisted from the trading board from today after its proposed reverse takeover (RTO) fell through. But the company is unable to provide a reasonable exit offer to its
      386 words
    • Article, Illustration
      Lock icon Slowdown will affect earnings in 2010: Tat Hong
      374 10 Reuters SINGAPORE crane rental firm Tat Hong said turmoil in the global economy will hurt earnings in 2010, but that existing leasing agreements will help it meet this fiscal year's profit forecast. "We cannot run away and be unaffected by the world
      – Reuters; £ I FILE PHOTO  -  374 words
    • COMPANY BRIEFS
      • Article
        Lock icon K Plas places out 9m shares at 6¢ each
        70 10 X PLAS Holdings said yesterday that it has placed 9 million new shares at 6 cents each to Stone Canyon Capital Pte Ltd to raise $500,000 for working capital. The conditional placement is priced at a 7.7 per cent discount to
        70 words
      • Article
        Lock icon Kingsmen bags $211.3m in contracts
        42 10 KINGSMEN Creatives said yesterday that it had been awarded contracts totalling $211.3 million at Sept 30. Some $172.6 million of this is expected to be recognised in FY2OOB and will contribute positively to the group's financial performance.
        42 words
      • Article
        Lock icon CapitaLand director increases stake
        29 10 CAPITALAND director Hsuan Owyang has bought a further 100,000 shares in the company, lifting his interest to 0.008 per cent, from 0.004 per cent previously.
        29 words
      • Article
        Lock icon Offer for King's now unconditional
        51 10 A TAKEOVER offer for King's Safetywear has turned unconditional after offeror Safe Step Group received valid acceptances and "shares owned, controlled or agreed to be acquired" amounting to 67.19 per cent of King's issued share capital. Safe Step is offering 43.8 cents cash per King's
        51 words
      • Article
        Lock icon SP AusNet introduces reinvestment plan
        52 10 Bloomberg SP AUSNET, an Australian power and gas distributor majority-owned by Singapore Power, will introduce a dividend reinvestment plan for shareholders to help fund spending on expansion. Sing Power intends to participate in the plan to maintain its 51 per cent stake, Melbourne-based SP AusNet
        Bloomberg  -  52 words
      • Article
        Lock icon Chartered Semicon unaffected by spinoff
        36 10 Bloomberg CHARTERED Semiconductor Manufacturing, which counted Advanced Micro Devices as its second-largest customer in 2007, said it sees "minimal impact" from the US chipmaker's plans to spin off its manufacturing plants.
        – Bloomberg  -  36 words
      • Article
        Lock icon NOL shares rise on delayed bid
        45 10 Reuters SHARES in shipping company Neptune Orient Lines (NOL) rose as investors hoped its bid to buy Germany's Hapag-Lloyd from TUI could be delayed, following opposition from a TUI shareholder. NOL shares closed up 10 cents at $1.90 yesterday.
        – Reuters  -  45 words
    • Article
      Lock icon Marco Polo bags $74.5m contract
      299 10  -  VINCENT WEE By MARCO Polo Marine is on its way to making inroads into the higher-end shipbuilding market with the securing of a $74.5 million contract to build an 80-me-tre subsea operations vessel for AIM-listed Hallin Marine Subsea International. The contract sum includes the procurement
      299 words
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      213 10 ffuj' Ministry of Trade *HC* Republic of Indonesia National Agency For Export Development Indonesian-Made 0 Creations Here Visit us at THE 23 rd TRADE EXPO Exhibition Trade Expo Forum Product Presentation Networking Reception Indonesian Iconic Pavilion I——— TRADEXPO 3 J SERVING Cl glo&almarket Indonesia October 21-25, 2008 Jakarta International Expo
      213 words
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      Lock icon Page 10 Advertisements Column 2
      34 10 Win a Nikon Coolpix Sslc Digital Camera worth $549! Contest ends 31 October 2008. I 1 Nikon (HP 1 l| 8.1 megapixels High performance digital image-processing engine Built-in Wi-Fi support Internet connectivity Zap Code
      34 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Temasek goes ahead with sale of PowerSeraya
      571 11  -  RONNIE LIM Strong interest from potential bidders; pre-arranged finance package expected Reports by DESPITE the latest shakeup in global financial markets, Temasek Holdings yesterday said it was launching the sale of PowerSeraya following strong interest from potential bidders. The generating company (genco) is
      FILE PHOTO  -  571 words
    • Article
      Lock icon Island Power seen appealing EMA's pipeline access decision
      449 11 ISLAND Power is understood to be appealing the Energy Market Authority's recent decision on its application for access to the Singapore portion of an existing Suma-tra-Singapore pipeline to bring in its own Indonesian gas. The gas is meant to fuel its long-stalled,
      449 words
    • Article, Illustration
      Lock icon Firms awarded for excellence
      475 11  -  UMA SHANKARI 9 winners receive Singapore Quality Awards By COMPANIES need to gear up to tackle the challenges ahead and position themselves for survival and growth, Lim Swee Say, Minister with the Prime Minister's Office, said at the Business Excellence Awards 2008 last night. "Over the
      ARTHUR LEE  -  475 words
    • Article
      Lock icon Fellowship programme for journalists set up
      295 11  -  LEE U-WEN By ONE big regret often expressed by journalists in Asia is the lack of opportunity to meet their peers from other countries. To help grant their wish, two local institutions are coming together to offer a sabbatical of sorts to 15 established
      295 words
    • Article, Illustration
      Lock icon Legends Fort Canning to undergo $70m revamp
      367 11  -  EMILYN YAP Town club will have boutique hotel, members' block By THE Legends Fort Canning Park will get a luxury boutique hotel and a new members' block as part of a $70 million revamp. The town club has been operating for five years
      367 words
    • Article
      Lock icon Kallang Pudding site gets one bid
      307 11  -  ARTHUR SIM By AN Urban Redevelopment Authority (URA) tender for an industrial site on Kallang Pudding Road closed yesterday with only one bid received. The $10.8 million bid came from Orion-Four Development. Based on the site area of 61,819 square feet and a plot
      307 words
    • Article
      Lock icon Prime non-landed home prices fall 4.2% in Q3
      286 11  -  EMILYN YAP By PRICES of non-landed private residential properties fell in Q3 2008 with those in prime districts taking the largest hit, said real estate adviser DTZ yesterday. Prime freehold non-landed resale residential units saw a 4.2 per cent quarter-on-quarter drop in
      286 words
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  • ECONOMY WATCH
    • Article
      Lock icon US taxman acts to ease liquidity flow to firms
      460 12 -NYT Companies allowed to ramp up use of tax-free loans from subsidiaries abroad [NEW YORK] The Internal Revenue Service has taken steps to help ease the credit crisis by allowing corporations to ramp up their use of tax-free loans from overseas
      -NYT  -  460 words
    • Article, Illustration
      Lock icon Replace G-7, says World Bank chief
      463 12 -Reuters, Atf [WASHINGTON] The Group of Seven rich nations is no longer effective and should be replaced by a steering group that includes emerging economic powers like China, India and Brazil, World Bank president Robert Zoellick said on Monday. In a speech ahead of
      -Reuters, Atf; BLOOMBERG  -  463 words
    • Article
      Lock icon BOJ holds rates steady; cool on coordinated cuts
      328 12 -AP [TOKYO] The head of Japan's central bank said yesterday that while global financial turmoil is intensifying, each country should manage monetary policy independently, seeming to counter speculation for coordinated rate cuts by major economies. Despite heightened an- xiety about the financial
      -AP  -  328 words
    • Article
      Lock icon EU bares limits in responding to financial crisis
      482 12 Reuters ANALYSIS Hopes for centralised European financial governance dashed [BRUSSELS] Nicolas Sarkozy's restless activism may have galvanised the European Union (EU) into taking the diplomatic lead in the Georgia crisis, but his attempt to assert EU leadership in the financial crisis looks
      – Reuters  -  482 words
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      2822 12 X^l \^>/ J- J_^^ -L l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg H*H CFM CFM HOLDINGS LIMITED X^^ (Registration No. *****3708R) ASIAN MICRO HOLDINGS LIMITED NOTICE OF THE EIGHTH ANNUAL GENERAL MEETING (Company Registration No. *****1052K) I I (Incorporated in the Republic of Singapore with limited liability) I NOTICE
      2,822 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Jakarta ups rates to slow inflation, lift rupiah
      409 13 Bloomberg Hike to 9.5% from 9.25% expected but focus now seen shifting to growth [JAKARTA] Indonesia's central bank raised its policy rate to slow inflation and boost the rupiah after the nation's stock index plunged 10 per cent on Monday amid a
      – Bloomberg; L I AFP  -  409 words
    • Article
      Lock icon Maybank offered Bll stake at discount
      220 13 Reuters [KUALA LUMPUR] Malaysia's Maybank has been offered another 15 per cent stake in Bank Internasional Indonesia (BII) at a discount to its original offer price that will cut the total price by more than RM2OO million (5583.6 million). The Edge Financial Daily reported
      – Reuters  -  220 words
    • Article, Illustration
      Lock icon Anwar weighing options, claims enough support to seize power
      530 13 -AFP Says ruling coalition leadership change won't improve things [KUALA LUMPUR] Malaysian opposition leader Anwar Ibrahim said yesterday that he still has enough support to topple the government and is deliberating over how to carry out his delayed plan to seize
      -AFP; AFP  -  530 words
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      6 13 I LOCK+STORE] 1800 370 3737 liiil
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      166 13 J^L AMERICAN EXPRESS TOWER CLUB WINE AWARDS 2009 SINGAPORE AWARDS GALA DINNER Featuring Singapore's culinary talents Edward Voon, Andre Chiang and Pang Kok Keong FRIDAY 17 OCTOBER 7.00PM St Regis John Jacob Ballroom MENU Amuse Bouche Iced Perigord Foie Gras Sandwich, GOLD Apricot Caviar Low Temperature Ocean Trout, White Olive
      166 words
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  • GREATER CHINA
    • Article
      Lock icon China cancels US contacts over Taiwan arms sale
      345 14 -AP The USs6.sb package does not represent a change in US policy, says Washington [WASHINGTON] China has abruptly cancelled a series of military and diplomatic contacts with the United States to protest against a planned multibillion-dollar US arms sale to Taiwan, American
      -AP  -  345 words
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      2457 14 w MATS _L^l V— J -L J.VJ ij Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg [VENTURES k1 Ventures Limited (Incorporated in the Republic of Singapore) (Company Registration No.: *****0535W) NOTICE OF ANNUAL GENERAL MEETING/CLOSURE OF BOOKS ALL MEMBERS ARE CORDIALLY INVITED TO ATTEND the Annual General Meeting of k1 Ventures Limited
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      300 15 If your IT system goes down, will the rest of your business follow? Our reliable architecture keeps you on firm ground. numerous applications reside. Drawing on our expertise in The moment you think you're prepared for anything, multiple platforms and storage management, we are able to the unexpected happens. Many
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China bank regulator denies report of possible aid to US
      628 16 Reuters Leading Chinese daily says other countries should avoid footing bill for US bailout plan [BEIJING] China's banking regulator denied that Beijing might ride to America's financial rescue, while a leading state newspaper said yesterday that the world should avoid
      Reuters; AFP  -  628 words
    • Article
      Lock icon Tata Nano exit shows power of state politics
      526 16 Reuters [MUMBAI] Tata Motors' exit from West Bengal state after protests against a factory for its low-cost Nano car is a sign that companies investing in India will need to pay heed to state politics and villagers in the large, complicated democracy.
      – Reuters  -  526 words
    • Article
      Lock icon Bush to sign legislation on India nuke deal today
      215 16 Reuters [WASHINGTON] US President George W Bush will sign legislation opening a potentially lucrative nuclear trade with India today, a week after the deal was ratified by the US Congress, the White House said on Monday. The pact will provide India
      – Reuters \  -  215 words
    • Article
      Lock icon Necklace may fetch HK$74m at auction
      255 16 Bloomberg [HONG KONG] A necklace set with a 102.56-carat yellow diamond the biggest of its kind to appear at auction was the highlight of a jewellery sale in Hong Kong yesterday that Sotheby's estimates will total HK$5OO million (5594.27 million). The necklace, with a
      Bloomberg  -  255 words
    • Article
      Lock icon Morgan sees big China rate cuts, spending
      484 16 Bloomberg It says spending may add 3 percentage points to growth [BEIJING] China will cut interest rates as many as five times by the end of 2009 and will step up spending to limit the effect of the "global financial tsunami" on the
      – Bloomberg  -  484 words
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      19 16 pH[QJ«Oll!I§|E| ©Boat Quay rercßHrapprox Bin sq ft. Good investment call: 9846 8148 $5$ NEWSMAN REALTY PTE LTD k A
      19 words
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      29 16 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists ■^Conversations \\%^W^' A collection from The Business Times v\ *'<■ V. Available at all leading bookstores V\ V°<\\ V'\ \\V\\\V\\
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon 100 injured as Thai protesters, police clash
      581 17  -  GREG LOWE DPM Chavalit resigns for failure to successfully resolve political stalemate By in Bangkok SCORES of people were injured when violence erupted on the streets of Bangkok yesterday after police deployed teargas to disperse anti-government protesters. Hopes of a peaceful resolution to
      REUTERS  -  581 words
    • Article
      Lock icon Richard Fuld faults Fed for not rescuing Lehman
      555 17 Reuters He says regulator knew firm's health well before the fall [WASHINGTON] Richard Fuld, the disgraced head of Lehman Brothers, said that he would wonder "until they put me in the ground" why the US government did not rescue the 158-year-old Wall
      Reuters  -  555 words
    • Article
      Lock icon Lehman heads get USs4oom bonus
      269 17 Bloomberg [NEW YORK] "Key" money managers at Lehman Brothers Holdings will get retention bonuses valued at US$4OO million when their investment-management business is sold to Bain Capital LLC and Hellman Friedman LLC. Bain and Hellman on Sept 29 agreed to buy most of the asset-management
      – Bloomberg  -  269 words
    • Article
      Lock icon S Korea dismisses talk of currency crisis repeat
      249 17 Reuters [SEOUL] South Korea's president dismissed talk of a repeat of the currency crisis that nearly broke the economy 10 years ago, trying to calm investors as the won hit a 7.5 year low on fears that the global financial turmoil might
      – Reuters  -  249 words
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      8 17 STORAGE SPACE FROM ONLY $88 A MONTH www.LockAndStDre.com.sg
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      209 17 I^^Bf^^^^^V^T^^^^^^^^^^V9^ P^^^^^^^^jS^^^^^^^^^^y^^Pyj^B Kick Lack ana relax... tor Dufiiness or pleasure IMTEu I g^B*W*w^H^ aa^M S *^bKI V^- I your nome away from nome. MilIT -81 > I x tb Mrs '^B'V^H^H^^i^^^K R 9^^ ifl ea^ centre ot everything... T^T^u I m^l Tr***"~ ijiL m M I M^BT^i^; experience variety tit
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      101 18 Insurance Risk Management unch P#int It's more than just insurance. It's here to help your world. Zurich HelpPoint™ is here to give you real help in an uncertain world, backed by the financial strength and stability of Zurich. It's here when and where you need it, from insurance programs for
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  • WORLD
    • Article, Illustration
      Lock icon Saatchi makes comeback with Modern Chinese
      608 19 Bloomberg Latest gallery in Chelsea is a triumph architecturally [LONDON] Charles Saatchi is synonymous with the revival in British art in the *****. The collector introduced the world to Tracey Emm and Damien Hirst's shark. His Saatchi-style is a recognisable genre: it's visceral, figurative,
      – Bloomberg; AFP  -  608 words
    • Article, Illustration
      Lock icon Engineering financial bailout does take rocket science
      580 19 -AP Kashkari impressed Paulson with his work in the Hope Now programme [WASHINGTON] As it happens, rescuing the economy will take a rocket scientist. That is what the man picked on Monday to engineer the largest financial bailout in US history did before
      -AP; AP  -  580 words
    • Article
      Lock icon Bank of America Q3 net falls 68%, dividend halved
      398 19 Bloomberg [NEW YORK] Bank of America, the bank that bought Countrywide Financial, has halved its dividend and plans to sell US$lO billion in common shares after announcing on Monday that third-quarter profit fell 68 per cent. The stock declined in late
      – Bloomberg  -  398 words
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      723 19 w A MATS *«7/Vl U LTISTA R f HOLDINGS LIMITED MULTISTAR HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Registration No. *****7432K NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of MULTISTAR HOLDINGS LIMITED (the"Company") will be held at 114 Lavender Street #03-02, Hock Seng Building, Singapore *****9 on
      723 words
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      22 19 TUNE IN TO BIGGEST HITS OF THE 90S CURES X TILL NOW! SyHe M7HE PUSSYCAT DOLLS ONLY ON RADIO 100% PURE FUN
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  • MOTORING
    • Article, Illustration
      Lock icon New BMW 7 Series seen in S'pore before premiere
      646 20  -  SAMUEL EE Private preview for privileged few held on same day as Spore Grand Prix Reports by FOR the first time, a brand new model arrived in Singapore even before its world premiere. The new BMW 7 Series debuted on the
      646 words
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      Lock icon From Paris show to market here
      581 20 First to arrive will be Peugeot 308 CC, followed by VW Golf APART from the BMW 7 Series, other new models which debuted at the Paris Motor Show recently and which are bound for Singapore very soon include the Ferrari California, Lexus ***** C,
      REUTERS; AFP  -  581 words
  • Page 20 Advertisements
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      3156 20 Health j^^ 1 Management International HEALTH MANAGEMENT INTERNATIONAL LTD Company Registration No *****5241E (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of HEALTH MANAGEMENT INTERNATIONAL LTD will be held at: Venue i-Connect Room 168 Jalan Bukit Merah Ground Floor Surbana One Singapore
      3,156 words
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  • AVIATION
    • Article, Illustration
      Lock icon Credit card processors tougher on US airlines
      643 21 Reuters They are raising holdback cash sums which may strain carriers' liquidity [CHICAGO] US airlines, struggling to find stability in a time of unprecedented economic turbulence, are bracing themselves against possible trauma that could be inflicted by credit-card processors made skittish by the
      – Reuters; AFP  -  643 words
    • Article
      Lock icon AirAsia sees strong demand despite crisis
      313 21 -Reuters Travellers will shift to budget airlines during slump: CEO [SEPANG, Malaysia] Malaysian airline AirAsia expects stronger passenger growth next year as it adds new routes and planes, saying the darkening economic outlook will boost demand for its budget flights. South-east Asia's largest low-cost
      -Reuters  -  313 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2529 21 AIRLINE CODES: A A American Airlines (AAL), AF: Air France (AFR), At Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG Biman Bane iesh Airlines (BBC), Bt Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines
      2,529 words
    • Article
      Lock icon COMAC sets up new aircraft service firm
      180 21 Xinhua [SHANGHAI] As part of its large jet programme, Commercial Aircraft Corporation of China Ltd (COMAC) set up an aircraft service company here yesterday named COMAC Shanghai Aircraft Customer Service Co Ltd. It provides aircraft maintenance and repair, pilot training, aviation equipment and
      | Xinhua  -  180 words
    • Article
      Lock icon American Airlines to switch to a la carte pricing next year
      474 21 -AP [FORT WORTH] The idea of paying a single, simple fare to fly on an airliner is becoming as quaint as stewardesses in short skirts. American Airlines is about to accelerate the trend of breaking the cost of a
      -AP  -  474 words
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      23 21 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      404 21 CRYPTIC CROSSWORD ACROSS —[3~~i —irn —is —i —ls—i —it-i 1 Unhappy woman's against temporary home provided B^^B oV IhV laSi byman(l2) 9 Trick to get bit back (4) |B^ I H^^ 10 It may come into port? On the contrary! (9) __H H H H H H H 12 A
      404 words
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  • SHIPPING
    • Article
      Lock icon Goodbye conferences, hello joint services
      1001 22  -  DAVID HUGHES STRAIT TALK By ABOUT a year ago, I got a bit of a telling off from a liner executive for suggesting that now that the conference system is being banned, the obvious way to keep freight rates at reasonable levels is to control
      1,001 words
    • Article
      Lock icon Fight Gulf of Aden piracy urgently: ASF
      497 22 Forum wants more warships, warns of huge VLCC danger THE Asian Shipowners' Forum (ASF) yesterday added its voice to calls for urgent action to deal with the piracy problem in the Gulf of Aden, joining the international shipping community and the Round Table
      497 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        103 22 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0 41 0.29 1.46 0.44 0.99 0.73 0.05
        103 words
      • Article
        Lock icon KLSE
        36 22 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.71 8.45 8.25 2.88 2.87 0.10 0.11 0.03 0.05 -0.05 unch unch 0.01 unch 34 158 2253 851 2 48 60
        36 words
      • Article
        Lock icon BANGKOK
        12 22 ■oo ■recious Ship Jegional Cont 12.80 10.80 -0.40 -1.00 276! 18<
        12 words
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        Lock icon HONGKONG
        11 22 '000 Doil iingamas Cont 17.52 1.09 -0.98 -0.06 117; 2&
        11 words
      • Article
        Lock icon PHILIPPINES
        21 22 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.60 24.25 2.20 unch -0.40 -0.75 0.20 unch 57! 6} 14!
        21 words
      • Article
        Lock icon TAIPEI
        18 22 Evergreen Marine ....14.70 :irst Steamship 38.00 ManHai Lines 14.45 r"ang Ming Marine ..10.50 0.40 -1.60 0.35 0.10
        18 words
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        Lock icon TOKYO
        41 22 '000 (awasaki Hvy Ind .17unch -3.00 ***** (awasaki Kisen 512.00 -4.00 ***** Mitsubishi Hvy 378.00 -12.00 ***** i/litsui Eng&Sbldg ..153.00 -2.00 1887) I/litsui Osk Lines 713.00 -38.00 2365) Nippon Express 426.00 19.00 65& Nippon Yusen 551.00 -2unch 1511' iource: Reuters
        41 words
    • Article
      Lock icon Yunnan Airport starts taking bids for freight centre partner
      224 22 Bloomberg [SHANGHAI] Yunnan Airport Group Co, which owns 11 airports in southwestern China, is seeking domestic and overseas partners to build a freight distribution centre to tap cargo traffic between China and South Asia. Potential partners began bidding yesterday, said Wei
      Bloomberg  -  224 words
    • Article
      Lock icon Qingdao gives tax breaks
      175 22 Reuters [BEIJING] China's northern city of Qingdao has rolled out a series of tax breaks and subsidies to help its exporters better survive the global economic slowdown. The port city increased tax rebates for its 10,000-plus exporters by 5.7 billion yuan (Ssl.2 billion) to 18 billion
      – Reuters  -  175 words
    • Article
      Lock icon Dryships to buy bulk carriers for US$689.6m
      437 22 Bloomberg [LONDON] Dry Ships Inc, an Athens-based commodities shipping line, will buy nine commodity carriers from companies associated with its founder, George Economou, for U*****.6 million in stock. Five of the Capesizeclass carriers are under construction, Dry Ships said on Monday in a
      Bloomberg  -  437 words
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      1269 22 V#^L r< Toll free: 1800-289-8822 m&^- r^l II If r~< Email: n°tices@sph.com.sg X^l V^>/ X. I v ■< I i www.cats.com.sg IM|« ONION STEEL HOI niK'ffi I JMfTFrj j. ft ft tt ft 4 ft 4 UNION STEEL HOLDINGS LIMITED Co. Reg No. *****0181W (Incorporated in the Republic of Singapore)
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  • EDITORIAL & OPINION
    • Article
      Lock icon The spreading pessimism
      495 23 SOB stories are emerging out of the woodwork as a global stockmarket free fall on Monday encapsulated the growing pessimism and panic about the worsening financial and economic climate. Americans in distress over the eroded value of their 401 (k) retirement savings plans or lost jobs reckon,
      495 words
    • Article, Illustration
      Lock icon Developing branded leadership in firms
      819 23  -  DAVE ULRICH Companies with a leadership brand win with investors, customers and employers By and NORM SMALLWOOD LEADERS matter. At the top of companies we see that effective leaders can turn fledging companies into viable competitors while ineffective leaders turn competitive companies into takeover targets.
      AP  -  819 words
    • Article, Illustration
      Lock icon Milk scandal: Beijing needs to allow more openness
      779 23  -  FRANK CHING THE BOTTOM LINE AT a time when the United States and Europe are acting to rescue financial institutions such as Bear Steams, Merrill Lynch and American International Group, it is interesting to note that the Chinese authorities are offering a
      779 words
    • Article, Illustration
      Lock icon And now the cupboard is bare
      1067 24  -  ANDREW J BACEVICH The Washington Post American profligacy at home and abroad have combined to produce a grave crisis that the world has to sort out By IT'S widely thought that the biggest gamble that US President George W Bush ever took was deciding
      The Washington Post; BLOOMBERG  -  1,067 words
    • Letter
      Lock icon AIG does not have direct shareholding
      278 24  -  Victor Koh, CFA LETTER TO THE EDITOR WE refer to the article "AIG has direct stake in three listings here", (BT, Sept 19) which reported American International Group, Inc's (AIG) shareholdings in certain companies listed on the Stock Exchange of Singapore (SGX). We would
      278 words
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      2018 24 w WATS JL^I JL IV^lt S_ Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg GOLDEN AGRI-RESOURCES LTD (Incorporated in the Republic of Mauritius) PLATO CAPITAL LIMITED ».#>.*-.#«.- nn ...-.--r...,-. LJl^JL^^ Company Registration No. *****7443 M NOTICE OF SPECIAL MEETING f^ (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that a Special Meeting (the
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8842 25 Transaction date: Oct 7 52-wks Tel h Low Code Last Sale Vol '000) Hig Day Last Quote Div Gr Yld h Low Buyer Seller C'vr Net P/E MCap $mil Hig Comp any 14.5 4 3148 STelecom 20.5 5 5834 A-Sonic. 110 100 6389 ABFSG ['.on.I I II 22.5
      8,842 words
    • Article
      Lock icon SGX CATALIST
      2041 26 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      2,041 words
    • Article
      Lock icon SGX XTRANET
      66 26 52-Wk Tel High Low Code Last Sale Vol Cooo) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _H|< ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 227
      66 words
    • Article
      Lock icon CLOB INTERNATIONAL
      72 26 52-Wk Tel High Low Code Last Sale Vol COOP) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi ran' Hii 122.8 55 6000 AVJennings 20.5 4 6134 Over&Gen 48.5 9.5 6017 StarCruises 283 130 6019 TanChonglnt A57cd A8 IIS10 IIK155 +0.5 +9
      72 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8794 26 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.65/ AIGIF Spore Bond Fund/ A 1.29/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.71/ APS Alpha Fund (USD)! A 0.48/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.8124/ APS
      8,794 words
  • Page 25 Advertisements
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      29 25 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. JM ;'-i X 'm 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. Internet: Http://www.audemarspiguet.com I]
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct 6 World Index Preliminary 782.1 -5.8 -30.9 -5.0 -31.5 -6.4 -32.9 EAFE Preliminai 750.2 -6.6 -33.1 -6.3 -35.3 -7.6 -36.6 Eure Prelim inan 1036.1 -7.7 -32.9 -8.4 -37.5 -9.7 -38.8 Pacific
      373 words
    • Article
      Lock icon PALM OIL
      59 27 Oct7 Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low Oct08 1880 Nov08 1814 Dec 08 1820 Jan 09 1800 Total o/p: ***** contracts 1897 1925 1857 267 1772 1851 1908 1813 782 9547 1850 1892 1801 ***** ***** 1850 1883 1800 5296
      59 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 27 Oct7 ten STI SIMSCI Oct 267.7 276.4 268.2 Taiwan Oct 207.6 213.5 212.0 Source: MF Global (S) He. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Oct7 S! Bid Offer 1-month 1.4599 1.4616 2 months 1.4572 1.4589 3-months 1.4541 1.4558 6-months 1.4472 1.4494 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 27 Oct7 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0612 1.0625 0.7252 0.7255 Canadian dollar 1.3320 1.3337 0.9102 0.9107 Euro 1.9866 1.9886 1.3576 1.3579 NZ dollar 0.9315 0.9332 0.6366 0.6372 jterlini ind 2.5532 2.5557 1.7448 1.7451 US
      157 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      298 27 Oct7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 EUROYEN TIBOR FUTURES 97.1950 97.8000 97.7900 97.7050 ***** 5946 5724 4102 DecO8 99.200 99.200 MarO9 99.280 99.280 JunO9 99.270 99.270 SepO9 DecO9 Mar10 Jun10 Sep10 EUROYEN LIBOR FUTURES 99.160 99.245 99.270 99.160 99.205 99.150
      298 words
    • Article
      Lock icon SICOM FUTURES
      234 27 Oct7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Nov 08 Dec 08 Jan 09 Feb 09 221.0 MarO9 219.0 Apr 09 221.0 219.0 229.0 228.0 227.0 221.0 219.0 217.5 80 72 73 92 444 494 681 661 661
      234 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      129 27 As at 9am Oct7 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0530 1.0650 Can dollar 1.3240 1.3390 Euro 1.9720 1.9940 NZ dollar 0.9200 0.9390 Sterlini 2.5410 2.571 US dollar 1.4560 1.4720 Local dollars to 100 units of foreign currency: Currencies
      129 words
    • Article
      Lock icon INTERBANK RATES
      178 27 Oct7 Offer Bid SS Overnight 3/8 1-month 1 3/4 2-months 1 3/4 3-months 1 3/4 Overnight mode: 7/16 US$ Offer 5/16 1 1/2 1 1/2 1 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 4.50 5.50 5.50 5.50 5
      178 words
    • Article
      Lock icon INTERBANK CROSS RATES
      455 27 Oct7 AS CS Rmb Euro HKS In 'en (on 'eso lam 'ouni Australia 0.797 4.949 0.534 5.633 34.824 69.307 0.744 9.636 2.533 1.139 57.078 34.345 1.062 6.392 0.829 23.474 25.032 0.416 0.725 Canada 1.255 6.212 0.671 7.070 43.711 86.994 0.934 12.095 3.180 1.430 71.644 43.110 1.333 8.023
      455 words
    • Article
      Lock icon PRECIOUS METALS
      170 27 Oct7 /oz) Hong Kong London 831.00 839.80 832.00 840.80 Oct 03 Oct 06 839.50 862.40 841.50 864.40 Source: Reuters (SS) Selling Buying ■foz 1439.15 1297 UBS GOLD LUNAR KINEBAR 6$) Selling Buying 10gm $505.04 414 SILVER Selling Buying (S$) Sellini Bu' rini $505.04 Selling 414 ling Bu' CAST
      170 words
    • Article
      Lock icon SIBOR
      78 27 Reuters SWAP Offer rates (Ss) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** Oct 7 6 mths 1.***** 9 mths 2.***** 12 mths 2.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 3.***** 12 yrs 3.***** 15 yrs
      Reuters  -  78 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 27 Oct7 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****H 08.01.09 1-Year BY*****N 04.05.09 1.32 1.43 1.30 1.25 1.40 1.33 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000
      90 words
    • Article
      Lock icon LONDON METALS
      70 27 Oct 6 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2204.00 2295.20 3 months 2250.00 2339.00 Copper, Grade A (USS/tonne) Cash 3 months 5657.00 5560.00 6085.00 6010.00 Lead (USS/tonne) Cash 1615.00 3 months 1635.00 1702.00 1720.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3
      70 words
    • Article
      Lock icon LIFFE
      71 27 Oct6 COCOA (£/tonne) Close Prev Hii ih/Low Dec 08 1421 1436 1430/1391 Mar 09 1455 1468 1463/1424 May 09 1458 1469 1463/1433 Jul 09 1466 1478 1462/1442 COFFEE (US$/tonne) Close Pev High/Low Nov08 1798 1911 1850/1775 Jan 09 1862 1975 1920/1842 SUGAR (US tonne) White Close Prev High/Low Dec
      71 words
    • Article
      Lock icon CHICAGO BOT
      99 27 Oct6 SUYBtAIMS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 922.00 992.00 943.00 922.00 Jan 09 938.50 1008.50 995.00 938.50 MarO9 951.50 1021.50 970.00 951.50 May 09 962.50 1032.50 980.00 962.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct08 39.30 42.00 39.70 39.15 Dec 08 40.00
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 27 CRUDE OIL PRODUCTS Oct6 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 85.95 -4.76 WTI (Near Mth) 89.21 -4.55 Dubai (1-Mth F) 82.78 -4.80 Tapis blend 91.95 -4.55 Minas 87.80 -4.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 76.00 100.10 -2.60 -7.70 US$/barrel Opec Oil Basket
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    • Article
      Lock icon BONDS & WARRANTS
      2870 27 BONDS WARRANTS Tel Code Comi Last Sale +orVol Conv Exer ('000) Ratio Price 'rem Expiry Disc Gear- Mths ing Left Second Chance Prop W*****7 2058 Advance Modules Grp W*****3 2036 Advance SCT Ltd W*****9 9092 Asia Environment W*****4 4481 Asia Water Tech Ltd W*****0 3816 #Asiasons Capital Ltd W*****7 8756
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      161 27 Will Gold Reach I IC^I (\l\l\ }T b T m.°TT MPTI jp _^A ■Hill Global demand and supply mine production and inventory figures ■^1 m' Holdings sales by World Gold Council, International Monetary Fund and Central Banks c^-^ s~^ti&\. #l!vJoUI I Strength of the U.S. dollar and key economic indicators
      161 words
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      2703 28 The Business Times tmmm Shipping times m\ _^V KPI B^f^jfflßffiJPff^fffJßßffiß T WAN HAI INTERNATIONAL PTE LTD crn0:**********0/r V^_ I'l-E IKiMaWm^gK^lifMtMlMlliM %Trr\l»f«H ll* I iiufK TEL *****558 (KLINES) FAX:*****163 UW V^^^^Af7>^^^H _^_M- -EKE IgfWsHJlaa! \\\M 1 WAN HAI INpN Gk'«"« Service/Bookings Direct Line (1800) *****200 A A rfl I I fflHSfl
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      3635 29 lj] RICKMERS-LINIE lIT^ EASTERN CAR LINER, LTD IfS 3®lfs& Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com 111 L 1 I 1 USAService Hf-— —i SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONs| WEEKLY EXPRESS SAILING SCHEDULE Vessel I Voy SIN I ALT I HOU I NEW I JAX I ORF I
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      5117 30 B^^^^B I I A MntDCtKn Tel: 65-*****907 Fox: *****917 I i^^ TTT._.-_.?^T_! _^_«fc_^ -E9 Xl -E9 B9 K9 ES ANUtKbtN Email: asc@asc-asia.com I WiH fil fIRV NAlf IGATIfIIU RRflllP I ■^pMA'^H _858 IMB shipping company/ 70 Sh.iHom Way, #21 -03 Marina House Singapore *****8 ■KM IIHWIUft lIU-1 Ul-UUr I m^m\\\W^S!LW
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  • executive Money
    • Article, Illustration
      Lock icon Keeping a level head amid crisis
      1551 31  -  LEE BOON KENG When the dust finally settles, be where global capital will be converging emerging Asia CALM is the most expensive commodity in the market nowadays. The way to afford it is to seriously think about where we go from here, so we
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      Lock icon Mutual funds hardest hit by crisis
      921 31 -AP Virtually all mutual funds were pummelled in the third quarter, with 87 per cent ending in the red [WASHINGTON] IT'S been a rocky year for all investors, but for those who parked their money in mutual funds, it's been downright shocking. The public's
      -AP; AFP  -  921 words
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      Lock icon Polar to raise US$1b for bet on rebound
      577 32 Bloomberg Fund mgt company sees market bottom in next few days; 'right time to buy' [SINGAPORE] Polar Pacific, a Singapore-based fund management company, plans to raise US$l billion in the next six months for an equities and commodities fund to benefit from
      – Bloomberg; FILE PHOTO  -  577 words
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      Lock icon Steady income in volatile times
      981 33 Income generating funds, with their combination of consistency and conservatism, can be quite compelling, writes MIKE KERLEY RECENT market volatility has demonstrated once again that investor confidence can be a powerful yet fragile thing, easily eroded and often slow to rebuild. Yet investors in the
      STOCKXPERT  -  981 words
    • Article
      Lock icon Commodities facing biggest fall since 2001
      667 34 -Bloom berg Credit crunch, slowing global economic growth reducing demand [CHICAGO] Commodity markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials. The value of the 19 commodities in the
      -Bloom berg  -  667 words
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      53 31 Options Master Hedge Fund \\\\WSS^ Disclaimer: Past performance is not necessarily indicative of fulure or likely performance B|||fl^^^^^^^^H Ca 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg B \\r^_mMm\\ l^^llllll*lY_^i*l _^lll*J_Mßll_Mlinhllll*t*-l _^E H _r_^__H Sj'Vj ■^.^^^mmm» W ICiiMlj |mj^g MMMt MMMMMW^JMMMA f -SAte K_» M* \mm\\ mr.mMmM\ H_^_HlSlb&j_a
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  • Page 31 Miscellaneous
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      46 32 t mmW Rs j"ji AWMMMMMMW mMMM*^. IHi jfl| HhjitL _JH_9_^E9/ _fl_l_l_r -_I_WBPK "fl Mr^^mW _^_X _^_&V WammM ffir I MM* Sv Wm\ V _^MX&I'- it-, y ■%< W" Jk MMWmml^^k- ft*- 9l_L__ 9~ -ft' r"\Wm\\ I' AMwfr^ rMMMm Sjgtejr v_^_ik^ I _-_-_L^^-^._J MMVM Wm^.mmm^M I iw^m*l»-?*t iiiu^-TC*^lv*Ti
      46 words
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      685 32 Minimise risk. Maximise returns. Diversify your portfolio with SaxoTrader. Current volatile market conditions have left monitor trends and potentially reap benefits many traders questioning their investment from diversification. Access multiple views of your strategies. While some may pull out of their portfolio by building as many workspaces as investments, experienced
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      193 33 LUAUKY j. m _(E!33E3| K__(_l_______l____B___-I Sl. E.MVB9I _MM _^_B_HSi^_^_H Xl _^J__Sw^____>i*Ji^ IM»I -LJUIWIilftl H II TAm\\mTm\ ftft mtSmMm m\\ m^P l'^m*^W9*'^^n'mb^^l^3^^Gl^*^m\*^M' s^B '^n -K.^-R.^-1 -^B-te-k-IVF \%*^^MMMm Ww m\%WmP ,^kM^MMM\W^MMm _fi_l -.*r _t*t Ik V VSSv _Hl_r_Vvl_iAr?_^_^^M7T7TrH ■_fe.._<_k_n_^_r_4^_i_Z _IK_H IJ*JL l_^?v_^l _L_4l^_H _^_M I^F^-^^^B i n"_^_^^"7nT^Mß wd^kt^L^^m^T^wi iTmW JOfn C>n^i^^ii^_^^M_^_B mmm^y^rA\
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      537 34 W^ NOTICES STX PAN OCEAN CO., LTD. (A corporation with limited liability established under the law of the Republic of Korea) (Company Registration No. *****1-*****86) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of STX Pan Ocean Co., Ltd. (the "Company") will be held
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      2218 34 Cnv/r A TJ'T Investment k3IYArYIVA International Property Expo 10am 7pm 11 12 October 2008 Hall 401, SUNTEC Singapore International Convention Exhibition Centre Turn Fortunes Around Be Inspired to Succeed Over 30 Live Presentations! Learn to secure your financial well-being. All your investment options available from property to wealth planning under
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  • PERSPECTIVES FROM THE TOP
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      Lock icon Banker with public service streak
      1104 35 Jose Isidro Camacho once engineered a bank rescue and sparked power privatisation in the Philippines, reports GENEVIEVE CUA BANKER Jose Isidro (Lito) Camacho has something of an inkling of the mammoth challenge facing US Treasury Secretary Hank Paulson. As the Philippines' finance secretary from 2001
      YEN MENG JIIN  -  1,104 words
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      108 35 This is the first of a five-part series brought to you by Credit Suisse IR^ ":,§Mm\m) _^_l ij^trVi^^* yfe* THr^ I _^_i^______.^_^_S-S 1 .j—^^^ >' «-m .wi»_»mi swb ?<^_^_Bl^-H mM) w~ -MMM >_s s—^^S^^^E y 'J%^^^^\^^mw***^^^_^**^MMMm\ _^^^^^^_^_i_^_B At Credit Suisse, we develop integrated solutions for the benefit of our clients.
      108 words