The Business Times, 9 October 2008

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Microfilm: NL29503
Total Pages: 37
1 37 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Thursday, October 9,2008
    19 words
  • Article, Illustration
    Lock icon Yen effect batters A$ below Sing $
    575 1  - Yen effect batters A$ below Sing LARRY WEE Aussie ends day at 96.17 Spore cents; NZ dollar also hits six-year-low By [SINGAPORE] The currency clock was turned back several years yesterday as the Australian dollar traded below par against its Singapore counterpart a situation not seen since January 2003. In
    Reuters  -  575 words
  • Article, Illustration
    Lock icon Shock rate cuts to jolt markets back to life
    839 1  -  ANDREW MARKS Fed and other central banks join hands in unprecedented move to fight crisis By in New York AS Europe bled and Asian markets licked their wounds, several central banks across the world, led by the US Federal Reserve, announced
    AFP  -  839 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      84 1 Bffidto^A.:^ COMPANIES THAILAND BizlT BE INSPIRED I BBrfep """Tiri Banyan Tree hopeful Thai stocks dive Canon eyeing Zap for daily inspiration. m am^ iUks'i i of v^as launcll to 5-year low second SOE prize Win a Nikon Digital "^H^ I page 10 page 23 page 37 Camera! PAGE 16 The
      84 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon UK throws £500b life-line to leading banks
      914 2  -  NEIL BEHRMANN THE BIG BRITISH BAILOUT Infusions to provide short-term liquidity and new money for recapitalisation By in London THE British government has pulled out all the stops to throw a £500 billion (Ssl.3 trillion) life-line to leading UK banks, following in the
      914 words
    • Article
      Lock icon HSBC and Stanchart don't need the cash
      379 2  -  SIOW LI SEN Both banks welcome scheme but say they have enough capital of their own By [SINGAPORE] HSBC and Standard Chartered Bank the two foreign banks most popular with Singaporeans are well funded and do not need to access the emergency capital
      379 words
    • Article
      Lock icon UK bailout: taxpayers deserve better
      372 2  -  MICHAEL PREST By IT'S a big swing but not a knockout blow. The UK government's plan to bolster its banks with extra liquidity and capital, plus a hefty guarantee for wholesale funding, is the decisive if late move that's needed. But the government seems to
      372 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Shock rate cuts to jolt markets back to life
        83 2 AS Europe bled and Asian markets licked their wounds, several central banks across the world, led by the US Federal Reserve, announced a coordinated interest rate cut in an effort to stem the global financial crisis. The Fed cut its key
        83 words
      • Article
        Lock icon Australian dollar trades below par against Sing $
        52 2 Australian dollar trades below par against Sing THE currency clock was turned back several years yesterday as the Australian dollar traded below par against its Singapore counterpart a situation not seen since January 2003. By the Asian close, the Australian dollar traded at a six-year low of 96.17 Singapore cents.
        52 words
      • Article
        Lock icon UK throws £500b life-line to leading banks
        67 2 THE British Government has pulled out all the stops to throw a £500 billion (Ssl.3 trillion) life-line to leading UK banks, following in the footsteps of several European nations and the US. The plan will see the government spend up to £50 billion
        67 words
      • Article
        Lock icon More bosses weigh hiring freeze
        53 2 MORE employers in Singapore are talking of a hiring freeze in the wake of the US financial crisis, but few have job cuts in mind. At least for now, according to Yvonne Cox, the local managing director of human resource consultancy firm Watson Wyatt. TOP
        53 words
      • Article
        Lock icon IMF rules out Great Depression
        78 2 THERE are "tough times ahead" for the world economy in the wake of the financial crisis, but the risk of another Great Depression is "virtually nil" provided the right policy actions are taken, IMF economic counsellor Olivier Blanchard declared yesterday. The global economy should grow
        78 words
      • Article
        Lock icon Merrill reduces S'pore to underweight
        45 2 MERRILL Lynch has reduced Singapore to underweight following downgrades in the property and banking sectors here. It has cut the portfolio weighting for Singapore to 4.27 per cent below the benchmark weighting of 5.14 per cent. COMPANY NEWS, PAGE 6
        45 words
      • Article
        Lock icon Call for more diversity in boardrooms
        42 2 SPEAKERS at the Securities Investors Association (Singapore) corporate governance conference yesterday beat the drum for more boardroom diversity, saying old boys' networks and "box checking" are the main obstacles to better governance. COMPANY NEWS, PAGE 8
        42 words
      • Article
        Lock icon China funds told to report on JV partners' condition
        55 2 CHINA'S securities watchdog has urged fund ventures partly owned by foreign financial institutions such as Fortis and American International Group to disclose the financial conditions of their foreign partners, reflecting increasing government concern that the overseas financial crisis might spread to
        55 words
    • Article, Illustration
      Lock icon More bosses weigh hiring freeze
      814 3  -  CHUANG PECK MING To date, few are cutting jobs in wake of US financial crisis: Watson Wyatt study By [SINGAPORE] More employers in Singapore are talking of a hiring freeze in the wake of the US financial crisis, but few have job cuts in mind
      JOSEPH NAII  -  814 words
    • Article
      Lock icon Changi won't sacrifice quality for profit: CAAS
      505 3  -  NISHA RAMCHANDANI Corporatisation aims to keep improving service standards By WHEN the Civil Aviation Authority of Singapore (CAAS) is corporatised from July 1 next year, Changi Airport's standards of quality service will not be sacrificed in the pursuit of profit. "Costs alone do
      505 words
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  • GLOBAL FINANCIAL CRISIS
    • Article
      Lock icon Stocks in Asia mauled, investors run for cover
      611 4  -  CONRAD TAN Coordinated rate cut by central banks fails to lift Europe stocks By [SINGAPORE] Stocks in Asia and Europe were sent reeling yesterday after US stocks fell overnight, forcing central banks worldwide to slash interest rates in a desperate bid to
      611 words
    • Article, Illustration
      Lock icon British banks face due debts as interest rates rise
      745 4 L Bloomberg The 6 biggest banks have to refinance £54b by April [LONDON] HSBC Holdings pic, Royal Bank of Scotland Group pic (RBS) and the biggest UK banks face the most debt coming due in at least 10 years as the
      L Bloomberg; AFP  -  745 words
    • Article
      Lock icon CENTRAL BANKERS' JOINT STATEMENT
      305 4 THE following is a reformatted version of the joint statement by central banks on interest rate reductions: Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains
      305 words
    • Article
      Lock icon Rate cuts won't stem slide in equities: Marc Faber
      311 4 Bloomberg Artificially low interest rates will make matters worse [MANILA] Investor Marc Faber said that a series of coordinated interest rate cuts by central banks including the Federal Reserve to ease the economic effects of the global financial crisis won't halt
      Bloomberg  -  311 words
    • Article
      Lock icon Pending home sales jump on pent-up demand
      374 4 Reuters LATEST US DATA [NEW YORK] Pending sales of existing US homes unexpectedly jumped in August to the highest in over a year, data from a real estate trade group showed yesterday. The National Association of Realtors (NAR) Pending Home Sales Index, based
      Reuters  -  374 words
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  • GLOBAL FINANCIAL CRISIS
    • Article
      Lock icon Temasek passes on Bank of America offering
      682 5 Non-participation will reduce its stake by about 10% [SINGAPORE] Temasek Holdings did not participate in a US$lO billion stock offering by Bank of America Corp (BAC), allowing a dilution of the stake it will own in the bank after a takeover deal with
      682 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        40 5 1COMP 970.19 -27.04 IIKKEI225 9,203.32 -952.58 1ANG SENG 15,431.73 -1,372.03 ;et index 492.34 -36.37 IAKARTACOMP 1,451.67 -168.05 1ANILA COMP 2,307.74 -116.45 ;eoulcomp 1,286.69 -79.41 ;henzhenb 281.48 -15.89 IUMBAI IND 11,328.36 -366.88 12NOONEDT Cham )OW 9,256.99 -190.12 IASDAQ 1,726.20 -28.68
        40 words
      • Article
        Lock icon PRIME RATES
        29 5 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 16.173 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 4.50 US 5.00 CANADA 4.75 SWITZERLAND 2.55 INDIA 13.75 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        41 5 IS$ (S$ per US$) 1.471 (US$/S$ per 1.752 2.57 :URO (US$/S$/E) 1.362 2.00: 'EN 100.10 68.1 3.498 2.37: IK$ 7.770 5.28: !AHT 34.53 23.4I lUPIAH 9,593 6,522 lENMINBI 6.815 4.63. INDIAN RUPEE 48.81 33.1 1.463 0.99 1 IZ$ 1.638 1.11
        41 words
    • Article
      Lock icon IMF rules out Great Depression; world economy to grow 3%
      551 5  -  ANTHONY ROWLEY But this is provided the right policy actions are taken, says official By cut announced yesterday by major central banks as a "step in the right direction", but emphasised that more needs to be done on the monetary
      551 words
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      71 5 has its origins in the town of Ur in Mesopotamia. In 6000 BC. Ur's inhabitants, the Sumerians, defined the very M <^^f first unit of time; thus laying the foundation for the measurement M M ■^■^r IC of time as we know it today. Our work is a tribute to
      71 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Merrill reduces Singapore to underweight
      411 6  -  OH BOON PING Move follows downgrades in property and banking sectors By US bank Merrill Lynch has reduced Singapore to underweight following downgrades in the property and banking sectors here. Based on forecast valuations next year, its favourite stocks are Sing Tel, Sembcorp Marine and
      REUTERS  -  411 words
    • Article
      Lock icon Venture shares plunge to 10-year low
      209 6 Bloomberg VENTURE Corp, an electronics maker that holds $118.6 million of collateralised debt obligations, tumbled to the lowest in 10 years in Singapore trading on concern that it would book more losses from investments. The stock has fallen over 55 per cent this year,
      Bloomberg  -  209 words
    • Article
      Lock icon SGX to publish rule waivers quarterly
      336 6  -  ANGELA TAN By THE Singapore Exchange (SGX) yesterday announced a move to boost market transparency by publishing rule waivers and the basis for granting them to listed companies. It will publish the waivers quarterly, beginning with the period July-Sep-tember 2008. From time to time,
      336 words
    • Article
      Lock icon SGX has the right approach to short-selling
      733 6  -  R SIVANITHY NEWS that the ban on naked short-selling in the US stock market will be lifted with effect from yesterday will surely be greeted with relief by many quarters of the financial community, and the move should, hopefully, be followed by all
      733 words
    • Article, Illustration
      Lock icon Boards need more diversity
      364 8  -  CHEW XIANG Good governance should not be about tokenism, ticking right box: Prof Mak By SPEAKERS at the Securities Investors Association (Singapore) corporate governance conference yesterday beat the drum for more boardroom diversity, saying old boys' networks and "box checking" are the main obstacles to better
      SEAH KWANG PENG/LIANHE ZAOBAO  -  364 words
    • COMPANY BRIEFS
      • Article
        Lock icon New PSL independent director appointed
        31 8 PSL Holdings has appointed Tan Siak Hee to replace Peter Moe as independent director, after the latter was charged with an offence under the Companies Act.
        31 words
      • Article
        Lock icon ASA to set up R&D centre in Shandong
        61 8 ASA Group has proposed to set up a research and development centre in China's Shandong province as well as a market promotion department under a slew of initiatives to improve the business development of the group. Other proposals include seeking a suitable
        61 words
      • Article
        Lock icon China Kunda Tech IPO fully subscribed
        34 8 CHINA Kunda Technology says its initial public offer of 95.3 million shares has been fully subscribed. The firm raised net proceeds of about $11.64 million from the offer.
        34 words
      • Article
        Lock icon MAS signs pact with Dubai regulator
        56 8 Reuters THE Monetary Authority of Singapore said yesterday that it has signed an agreement with Dubai's financial regulator to boost cooperation in supervising banking, insurance and capital markets. The deal will help the two authorities swap information, said MAS, which sealed a similar agreement
        Reuters  -  56 words
    • Article
      Lock icon Few firms measure ROI for staff sent overseas
      663 8  -  OH BOON PING Most lack process, integrated databases to do so: Mercer By A SIGNIFICANT number of companies fail to comprehensively measure costs and returns for staff sent on international assignments, a study by consultancy firm Mercer has found. Based on a
      663 words
    • Article, Illustration
      Lock icon Banyan Tree hopeful of villas launch
      505 10  -  SIOW Ll SEN Developer is holding roadshow to sell 70 luxury villas that cost up to USs4m By BANYAN Tree Holdings is holding its breath in the hope that the carnage in financial markets will not stop the rich from buying its luxury villas.
      505 words
    • Article
      Lock icon Jackspeed sinks into the red
      251 10  -  JAMIE LEE By CAR accessories maker Jackspeed Corporation reported a half-year net loss of $402,000 for the six months ended Aug 31, 2008, reversing a net profit of $1.1 million a year ago, due to losses in the Thai market. The company said yesterday that
      251 words
    • Article
      Lock icon Hiap Seng signs US$55m supply deal
      236 10  -  CHOW PENN NEE By HIAP Seng Engineering said yesterday that it has signed a supply agreement worth US$55 million. In a statement to the Singapore Exchange, the mechanical engineering and plant maintenance service provider to the oil and gas sector said that its 87
      236 words
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      Lock icon Page 6 Advertisements Column 1
      51 6 W- '■"V" iSfr-* /■j-f-TTT-Tfi fi I.' J B? i .■^'j-;'-;j i7'■.'.-'/■' -^E L A I X""-; ..^^v^^^ ii j »#PVV -.-'jr. mk S^^'^jr >'-.>■■■.■■ -A. ItV at m i" I v "n V I p^" -^^Ksk-- J JM WJS>mir jxjd m^m^ ill "^m w^' ■iff-;-; Hl^&^ wtt eM. s' BOSS
      51 words
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      Lock icon Page 6 Advertisements Column 2
      455 6 V*^ k ATV^T'T^-rl r" Toll free: 1800-289-8822 v l^kll r^ Email: notices@s Ptlcom- s 9 JL^I V^-/ JL I V I■< y 1 www.cats.com.sg IN THE MATTER OF 4T^ T THE COMPANIES ACT, CHAPTER 50 /X Shanghai Turbo AND \^_J (L isted on We Singapore Exchange) jmf MATTED QC SHANGHAI
      455 words
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      Lock icon Page 7 Advertisements Column 1
      345 7 Getas^ DOnUS R316 with a minimum Sssoo top-up into any OCBC account under the Mighty Savers™ Programme* or Baby Bonus Scheme t. cffr?n°nnn~ ~\262>% 1.338% 1.428% 1.508% 1.688% 1.778% b!piyy,yyy cHno nnn" 1-368% 1.438% 1.508% 1.588% 1.788% 1.888% h^ _>4>yyy,yyy rQ OCBC Bank "The minimum placement amount is 5540,000 and
      345 words
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      2231 8 S| V#^L rT/^^FT/nr r< Toll free: 1800-289-8822 V m L V Email: notices@sph.com.sg IV^J23 www.cats.com.sg NEW LAKESIDE HOLDINGS LIMITED f. (Incorprated in the Republic of Singapore) (Company Registration No.: *****8395H) fC2| SUN EAST NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of New Lakeside Holdings Limited will be held
      2,231 words
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      51 9 S" 3 at 3 r« n O 3 It Xk L Korean Air has one of the largest global networks in the airline Excellence in Flight industry. With 861 connecting flights to 116 cities in over 39 different countries, you're granted KijlbßY?A]V AYR the luxury of flying anytime. «k#MWymi» J%*M%
      51 words
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      2156 10 QRP LIMITED GRP LIMITED (Incorporated in the Republic of Singapore) Company Registration No.: *****1449 C NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of GRP Limited will be held at 1 Bukit Batok Street 22, Meeting Room, Level 8, GRP Industrial Building, Singapore *****2 on 24 October 2008 at
      2,156 words
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      Lock icon Page 11 Advertisements Column 1
      1590 11 Notice to the Holders of: (i) Minibond Series 5 S$ Credit-linked Notes due 2014 ("Minibond Series 5") (ii) Minibond Series 6 S$ Credit-linked Notes due 2013 ("Minibond Series 6") (collectively, "Minibond Series 5 and 6") Subject: Occurrence of Event of Default under terms of Minibond Series 5 and 6 This
      1,590 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI hammered to 45-month low
      602 12 R SIVANITHY STOCKS Index discards another 6.6% and heads towards 2,000 as regional stocks sell-down continues THE bottom continued to fall out of the local stock market yesterday as Wall Street's Tuesday plunge reverberated around the region. With Hong Kong crashing 8 per cent and
      Bloomberg  -  602 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      90 12 Active counters with no volume for today are not included. Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 13 1 0 0 0 2 13 1 lanufacturing 19 121 40 14 24 135 48 Commerce 41 17 10 51 20 'pt/Stor/Comms 37 40
      90 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 12 Sing foreign stocks. Value calculated using Monday's exchange rates. MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 39,398 39,398 144,627 144,627 lanufacturing 351,607 21,483 373,090 206,013 840 206,853 Commerce 154,074 9,454 163,528 123,062 1,058 124,120 "pt/Stor/Comms 120,184 2,163 122,347 266,941 162 267,103 :i nance 63,685 63,685 470,041
      116 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 12 lapitaLand 2.440 -0.130 Noble Grp 0.880 -0.130 lapitaMall 1.850 -0.210 OCBCBk 6.250 -0.360 jtyDev 6.700 -0.780 Olam 1.400 losco Corp 1.400 -0.060 S IA 12.320 -1.000 IBS Grp 15.000 -0.780 SGX 5.430 -0.630 :&N 3.200 -0.190 SIAEngg 2.190 -0.050 Sent Intl 0.410 -0.020 SPH 3.870 -0.130
      105 words
    • Article
      Lock icon BROKERS' TAKE
      1032 12  -  CHOW PENN NEE Straits Asia Resources Oct 8 close: Ssl.oo OCBC Investment Research, Oct 8 STILL a "buy" despite bear-case assumptions: Shares of Straits Asia Resources (SAR) have plunged by -49 per cent over the past two weeks, starkly underperforming the Straits Times Index's (STI) 14 per cent
      1,032 words
    • Article, Illustration
      Lock icon Yen crosses 100 to the US dollar
      447 12 -AFP CURRENCIES [TOKYO] The yen surged yesterday, breaking 100 to the dollar for the first time in six months and hitting a three-year high against the euro amid a massive sell-off on stock markets across the world. With panic setting in, the Japanese
      -AFP; BLOOMBERG  -  447 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 12 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      57 12 CLOSE BT OB/OS -1257.00-213.00 BT CADI -*****.00-382.00 BT 10-day MA -*****.00-125.00 FTSE ST Mid Cap 427.56 -34.47 FTSE ST Small Cap 373.85 -21.77 FTSE ST All Share 493.84 -35.26 FTSE ST China Top 202.37 -20.43 FTSE ST China 206.95 -18.14 UOB Catalist 94.56 -3.74 SiMSCI 251.07- 17.75
      57 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 12 VOLUME Golden Agri 86,054,000 Noble Grp 48,802,000 China Honqxinq 43,994,000 Sing Tel 38,016,000 STI23SOBNPeCWOBI23O 31,688,000 Capita Land 30,727,000 Yanqzijianq 28,059,000 Gent Intl 28,058,000 Abterra 27,823,000 Sapphire 25,007,000 VALUE(S) SGX 135,420,320 DBS Grp 132,515,220 UOB 114,810,926 Sing Tel 112,569,870 Keppel Corp 102,505,814 Capita Land 74,760,596 OCBC Bk 68,980,260
      60 words
    • Article
      Lock icon RISES
      99 12 BY CENTS CLOSE UP GLD 10US$ 8928 444.0 3.5 STI2700SGAePW*****0 132 28.0 26.9 STI 2750 DBePW*****3 131 28.0 27.2 STI2700BNPePW*****7 131 27.0 26.0 STI 2500SGAePW*****9 107 26.5 32.9 Sim lTelSGAePW*****3 75 26.0 53.1 STI2500BNPePW*****7 93.5 22.5 31.7 Sim lTelMBLePW*****5 60.5 22.5 59.2 STI2350BNPePW*****0 74 16.5 28.7 STI2450 DBePW*****1 78.5
      99 words
    • Article
      Lock icon FALLS
      112 12 BY CENTS CLOSE DOWN IMH 2174-399.9 -11.1 lardine C&C 1200-226.0 -15.8 China H 10US$ 966-197.0 -12.2 iBS Bk6% NCPS 10 *****-180.0 -1.8 ICBCCai 5.1%NCPS 100 9350-170.0 -1.8 ICBC Bk4.5%NCPS 100 8900-160.0 -1.8 ICBC Bk5.1%NCPS 100 9510-160.0 -1.7 ilA 200 1230-110.0 -8.2 ISH 1190-108.8 -5.9 I A 1232-100.0 -7.5 BY
      112 words
    • Article
      Lock icon CURRENCIES
      85 12 Wh lere S! stands Oct 8 %CHNG YR2008 CLOSE FR0CI7 S$ LOW S$ HIGH uss 1.4705 -0.29 1.4726* 1.3457 Euro 2.0041 -0.91 2.2064 1.9750 Pounds 2.5656 -0.58 2.8431 2.5018 AS 0.9617 8.33 1.3251 0.9470® Yen* 1.4884 -3.11 1.4900# 1.2619 Rupiah* 0.***** 0.07 0.***** 0.***** Baht* 4.2562 -0.06 4.4299 4.0190
      85 words
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      151 13 i^jpJ_!L>':'fc MiL_i___T__t E___t L________L! LJ__J y»Vi fji i^ K^m ik I k'i I J >_4 i_ I Li L*J m k_l i_ >_! j W~ =b S! W^ini JL^ra^j QJ _E _-ii ■T___r I E-~ fl E__™!^^^tt^3_g^H |"MIL Ii Jm\v 1 I fl H^___l _____l BP*" Si y H'rxUmm fr.':'
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Strategic hub of the Middle East
      1469 14 Bahrain has plenty of opportunities for Spore companies, writes CHUANG PECK MING BAHRAIN, an island of low desert plains and hot weather in the Persian Gulf, and just west of Saudi Arabia, is a relatively new market for most Singapore companies. Yet Singapore companies
      1,469 words
    • Article, Illustration
      Lock icon Ascott tapping Bahrain's growing market
      419 15  -  CHUANG PECK MING Increase in business and leisure visitors boosts demand for serviced apartments Reports by SINGAPORE-BASED Ascott Group, the world's largest owner and operator of serviced apartments, has set up a presence in Bahrain to tap its growing demand for quality accommodation. "There is
      419 words
    • Article
      Lock icon IB Asia eyes Gulfs financial sector
      508 15 IT was a marriage made right at the top. The Islamic Bank of Asia is a joint venture that came about at the suggestion of the prime ministers of Singapore and Bahrain. The Islamic Bank of Asia, or IB Asia in short, is Singapore-based
      508 words
    • Article
      Lock icon No sub-prime mess with Islamic banking
      371 15 IF only the Western world had adopted Islamic banking, there would be no US sub-prime mortgage fiasco and financial crisis today. Islamic banking bans speculation and risk-taking, which are at the root of the financial troubles we are now seeing in the US and
      371 words
    • Article, Illustration
      Lock icon Sembawang finds the going good in UAE and Bahrain
      432 15 THE United Arab Emirates was the first stop for Sembawang Engineers Constructors. Bahrain was the second stop. "With our operation in Bahrain, we have acquired a deeper understanding of the Middle East markets," says Brandon Lye, Sembawang's assistant vicepresident and head
      432 words
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      240 14 ;«4 Ita NAL The Business Times I SINGAPORE Singapore Singapore International a fortnightly series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting the overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com Seminar Series: Doing
      240 words
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      109 15 Want to benefit from Singapore's Free Trade Agreements (FTAs)? I«] Now you can find out how through the Singapore FTA website. Sporting a fresh new look, the FTA website now features more user-friendly options for easier navigation. .^^fe& If you are a first-time user, check out the self-educational tool for
      109 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Office capital values down 2-3% in Q3
      401 16  -  UMA SHANKARI Easing of potential supply expected as 30% of projects have yet to start By OFFICE capital values fell 2-3 per cent quarter on quarter in the third quarter of this year in areas such as Marina Centre and Anson Road/Tanjong Pagar
      401 words
    • Article
      Lock icon Keppel Land, CBRE win Euromoney awards
      324 16  -  ARTHUR SIM By KEPPEL Land and CB Richard Ellis Singapore have emerged as big winners in the latest Euromoney Liquid Real Estate Awards. Euromoney, a publication of international finance, polled its readers in more than 160 countries on the leading real estate advisers, developers
      324 words
    • Article, Illustration
      Lock icon COE prices stay firm
      293 16 COE premiums stayed firm in yesterday's bidding exercise, as a smaller quota and aggressive promotions by car distributors pushed all but one category up. Cat A, for cars below 1,600 cc, fell $299 to $13,801. But Cat B, for cars above 1,600 cc, rose $1,099 to
      293 words
    • Article, Illustration
      Lock icon Pacific Star opens Qatar office to expand into Middle East
      403 16  -  EMILYN YAP Group to draw Gulf capital into Asian property market By SINGAPORE-BASED property investor Pacific Star Group is expanding into the Middle East through the establishment of a new office in Qatar. The outfit, tasked with drawing Gulf capital
      403 words
    • Article
      Lock icon Industry panel suggests priorities for continuing education, training
      241 16 THE Lifelong Learning Endowment Fund Advisory Council (LLEFAC) has made suggestions on prioritising the budget for the Continuing Education and Training (CET) Masterplan. Announced earlier by Prime Minister Lee Hsien Loong, the masterplan emphasises lifelong education for adults to uphold the competitiveness
      241 words
    • Article
      Lock icon NUS 3 places up in world uni rankings
      126 16 THE National University of Singapore has moved up three notches to 30th place in this year's Times Higher Educa tion Quacquarelli Symonds World University Rankings. It also kept its spot as the fourth best Asian university j m the newly released rankings.
      126 words
    • Article, Illustration
      Lock icon UniSIM degree proves a career booster: poll
      522 17  -  LEE U-WEN Working adults find the school's courses to be relevant to their jobs By HIGHER salaries, better career prospects and mobility are just some of the many payoffs for working adults who have graduated from SIM University (UniSIM), according to a survey
      FILE PHOTO  -  522 words
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      678 16 w^NOTICES Em*rS 9£i i THE COMPANIES ACT (CAP. 50) THE COMPANIES ACT (CAP. 50) Statutory Declaration by Directors of Company's inability to Statutory Declaration by Directors of Company's inability to continue business by reason of its liabilities continue business by reason of its liabilities LEHMAN BROTHERS COMMODITIES PTE. LTD. LEHMAN
      678 words
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      122 16 f \^s\ 7^S M J \jf\ f I 1 l 1 _J_.-3 a J <^\ f°\ t I >^-v t^**J v I V. J V/"\ j V__y\ v v f^J I > Tlilil TUT AIIFC (f^T \S L~\ FIND THE ONES \1 1 T Til IT TITI f*J V—^ V
      122 words
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      65 16 Win a Nikon Coolpix Sslc "wortSli 8 Contestends3l °«°|>'»2°<«____________r-_ p<3a^S r -___'_____________l <-<. Jj» <M Nikon \W Vira^-— j, I j IL ___^j I 8.1 megapixels j- i H'9h performance digital image-processing engine Built-in Wi-Fi support Internet connectivity mmmW __T i™ M I WT^n f A I "I_. M fM\
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      679 17 IMI W^L fl^^fl IT flf INTHEMATTEROF ■■fH f ___^BM section 290 of the companies act #™5?^5^5 M fl V^' B^^^Sfl (cap.so) V ——^^^^^^^^^^^^^^^^^^^^^^^^M INTHEMAnEROF a 1 REGIONAL INVESTMENT COMPANY ■I t I limited I_^^^^^^^M 111 I kl I (C0.Reg,N0:*****8405W) TA 1 1 MH II I L I ff I ("the
      679 words
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      2425 17 Equation ICORP LIMITED Company's Registration No: *****1110N (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Second Annual General Meeting of Equation Corp Limited will be held at 300 Jalan Bukit Ho Swee, Singapore *****6 on Friday, 31 October 2008 at 10.00
      2,425 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Abdullah to hand over power to Najib next March
      971 18  -  S JAYASANKARAN AFP Decision comes after feedback he may not get enough Umno nominations By in Kuala Lumpur MALAYSIAN Prime Minister Abdullah Badawi formally declared yesterday that he would not contest the Umno presidency in next March's party polls effectively stepping
      AFP  -  971 words
  • Page 18 Advertisements
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      3251 18 options Master Hedge Fund I Disclaimer: Past performance is not necessarily indicate of future or likely performance w A WATS GATES ELECTRONICS LIMITED (Company Registration No. *****1902W) (Incorporated in Singapore with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Gates Electronics Limited ("the Company") will be
      3,251 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Crisis speeds up shakeout of US car dealers
      613 19 Reuters Weaker stores seen being culled as credit gets more expensive, sales fall [DETROIT] The next shakeout in the American car industry has started to play out on Main Street as weaker dealerships face closures as the credit crisis worsens and car
      ■ Reuters; REUTERS  -  613 words
    • Article
      Lock icon Europe's economy shrinks 0.2%
      486 19 Bloomberg Q2 growth slowed by fall in spending and investment [BRUSSELS] Europe's economy contracted in the second quarter as company investment and consumer spending declined, putting the region on the brink of a recession. Gross domestic product (GDP) fell 0.2 per cent from the previous quarter,
      ■ Bloomberg  -  486 words
  • Page 19 Advertisements
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      2536 19 s^^ MARS _L^l V_-_/ -I- J A\* Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg c CHINASING INVESTMENT HOLDINGS LIMITED SINGAPURA FINANCE LTD (Formerly Known as Joinn Holdings Limited) (Incorporated In the Republic of Singapore) <_n<-.apmra FiNANrpra (Company Registration No. *****0340N) sumwu-uka "™™jt NOTICE IS HEREBY GIVEN that the Annual General Meeting
      2,536 words
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      130 20 ____________^^^_____^^^B __________________!^^^^i ____________i_______^^^^i ijE i^^^^^t ___j_i i i ij^^^si j| ___________>^__l 1 i _______J__LJ I __?___E fc^^^^^^^^^B P_^^^ "1/ _____________T^^^^__! _____^^^__^^^________U _____r L^H _____^^^^^^_si____l _____P_^^____l =^^S^E___<ff fS^^ ___P"""^i I- WmYmWWmW K____________w /m^ IkWi nn JL 0L I jomMMMMMMMW >*^^______T _____________T Jp-vl T^m f/ \l f___ v\ __t ____k^^^ 1 _r
      130 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Tata buys Citi's back office ops in India
      147 21 AP [MUMBAI] India's largest outsourcing firm, Tata Consultancy Services Ltd, is buying Citigroup's back office operations in India for US$5O5 million in cash, the companies said yesterday. Citigroup is also handing TCS a US$2.5 billion, 9V2 year contract to provide outsourcing services
      AP  -  147 words
    • Article, Illustration
      Lock icon China fund JVs told to report on partners' condition
      318 21 Reuters CSRC move comes as regulators try to contain risks from global financial crisis [SHANGHAI] China's securities watchdog has urged fund ventures partly owned by foreign financial institutions such as Fortis and American International Group (AIG) to disclose the financial conditions
      Reuters; AFP  -  318 words
    • Article
      Lock icon India ready to pump more cash into markets
      259 21 Reuters Rupee at lowest in more than 6 years; stocks at 2-year low [NEW DELHI] India is ready to pump more cash into jittery financial markets, the finance minister said yesterday, after stocks slumped to a two-year trough and the rupee fell
      – Reuters  -  259 words
    • Article
      Lock icon China sets melamine limits for food
      315 21 [BEIJING] China yesterday introduced standards for levels of the industrial chemical melamine permitted in milk and food products as it seeks to rein in a festering safety scare. The government has been struggling to deal with health and public relations issues stemming from the
      -AP  -  315 words
  • Page 21 Advertisements
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      2918 21 A WAT_3 JL^I V__^ JL XxJ _L_i ij Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg KTI fil HRAI I IMITPD I rtn boardroom limited wl-WBrtl- _-ll»ll It- /n (Company Registration No. *****3902Z) (Registration No. *****4519 M) |ln| (Incorporated in Singapore with limited liability) (Incorporated in the Republic of Singapore) Boardroom limited
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  • ASIA PACIFIC/WORLD
    • Article, Illustration
      Lock icon Thai stocks dive 6.9% to five-year low
      560 22  -  GREG LOWE Political violence, global turmoil seen hurting tourism, consumption By in Bangkok POLITICAL violence and global economic turmoil caused the Stock Exchange of Thailand to nosedive to a five-year low yesterday. Domestic consumption and tourism will be hard hit by the double
      AFP  -  560 words
    • Article
      Lock icon Alcoa Q3 earnings fall 52% as demand slumps
      274 22 Bloomberg [NEW YORK] Alcoa, the largest US aluminium producer, said on Tuesday third-quarter profit fell 52 per cent amid lower prices, slumping demand in North America and costs to shut down a Texas smelter. Net income dropped to US$26B million, or 33
      Bloomberg  -  274 words
    • Article
      Lock icon No end in sight yet to sell-off in US grains
      640 22 Reuters Spreading credit crisis dampening demand [CHICAGO] The sell-off in grains as part of a broader flight of investment money from commodities could continue through year's end due to the expanding credit crisis, with any global recession taking a bite
      ■ Reuters  -  640 words
    • Article
      Lock icon Washington gets lobbyists' help
      209 22 Bloomberg [NEW YORK] You can now buy whiskey at George Washington's Mount Vernon home. All it took was 208 years, two new laws and the liquor lobbyists. "People are very interested in trying the whiskey that Washington made," said Dennis Pogue, Mount Vernon's associate director for
      Bloomberg  -  209 words
  • Page 22 Advertisements
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      1749 22 V*_dL r< Toll free: 1800-289-8822 w |\1 II If _P Email:notices@sPtlcom- s 9 JL V____</ JL JL^»_. I' lJ www.cats.com.sg IN THE MATTER I OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF /?Zi*a\x7\ PORTMOTION LOGISTICS AND **S*\ TRANSPORT PTE LTD _?_.?_s_£) (Company No *****7186N) \-%Pmt/J (In Creditors'
      1,749 words
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  • WORLD
    • Article, Illustration
      Lock icon American lawmakers slam post-bailout excesses at AIG
      769 23 AP They cite catered banquets, golf outings and visits to resort's spa, salon [WASHINGTON] Less than a week after the federal government bailed out American International Group, the insurance company sent executives on a U*****,000 retreat to a posh California resort, lawmakers investigating
      AP; REUTERS  -  769 words
    • Article, Illustration
      Lock icon Even luxury shoppers now feel the heat of turmoil
      464 23 Reuters [NEW YORK] Susan Coyne had her heart set on a new pair of earrings at Saks Fifth Avenue in New York, a purchase she would not have thought twice about even a few weeks ago. But on Tuesday, she could
      – Reuters; REUTERS  -  464 words
    • Article
      Lock icon Buffett's paper profits wiped out
      384 23 Bloomberg Goldman, GE warrants worthless as share prices drop [NEW YORK] Billionaire investor Warren Buffett's instant paper profits on Goldman Sachs Group and General Electric have been wiped out amid the stock market's worst yearly slump since 1937. Goldman, the most profitable Wall Street firm,
      Bloomberg  -  384 words
    • Article
      Lock icon McCain fails to land decisive blows needed
      667 23 -AFP.AP PRESIDENTIAL DEBATE Snap polls by US TV networks award debate to Obama [NASHVILLE] John McCain hammered away at unruffled front-runner Barack Obama in Tuesday's second presidential debate but failed to land the decisive blows he needed to revive his lagging US presidential
      -AFP.AP  -  667 words
    • Article
      Lock icon Pfizer found to have manipulated studies
      254 23 ■NYT [NEW YORK] The drug maker Pfizer earlier this decade manipulated the publication of scientific studies to bolster the use of its epilepsy drug Neurontin for other disorders, while suppressing research that did not support those uses, according to researchers who reviewed thousands of
      ■NYT  -  254 words
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  • AVIATION
    • Article
      Lock icon Airlines face craft financing problems in '09
      591 24 Bloomberg Government export agencies and manufacturers will be forced to step in [PRAGUE] Airlines that need loans next year to buy planes will face difficulties amid a deepening credit crisis, forcing government export agencies and manufacturers to step in, according to aircraft financiers.
      – Bloomberg  -  591 words
    • Article, Illustration
      Lock icon Rivals Air France, Lufthansa begin talks on Alitalia deal
      499 24 Bloomberg Slots at Heathrow, fleet worth 2b euros major attractions [BERLIN] Alitalia's owners yesterday began talks to sell a stake in the company to Air France-KLM Group or Deutsche Lufthansa AG, giving one of the carriers a partnership with the airline
      Bloomberg; REUTERS  -  499 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2481 24 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnan Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BA\A n Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA
      2,481 words
    • Article
      Lock icon Probe into Qantas sudden altitude plunge
      267 24 -AP [SYDNEY] Australia's air safety bureau is investigating the sudden altitude plunge of a Qantas airplane that left as many as 40 people injured, 20 of them seriously, during a flight from Singapore to Perth on Tuesday. The A 330-300, carrying 303 passengers and
      -AP  -  267 words
    • Article
      Lock icon Boeing, machinist union sticking to their guns
      342 24 Bloomberg [SEATTLE] Boeing Co and its machinists' union say that the economic crisis has strengthened their resolve in a strike over job security and the use of outside contractors. "The company is in a strong financial position to deal with this situation should
      Bloomberg  -  342 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      385 24 CRYPTIC CROSSWORD across n i ra i p i p 3 One tranquilliser (6) __H____L_l__ ****> I ____l ____i m^mm 6 Copper Jack brought back from island (4) mm ■wi 8 Ronald to perform musical ___J^B__J^B____^^ work (5) W~T I H HH H H 9 Thousands be troubled by WmmTi
      385 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon A long, hard road to recovery
      500 25 ONCE the dust settles on the present carnage in financial markets, attention will turn to the issue of how long the resultant economic contraction might last and where a bottom might lie for stocks. As always, the key lies with the US and, as
      500 words
    • Article, Illustration
      Lock icon How much are the accountants to blame?
      897 25  -  HO YEW KEE In the sub-prime crisis and its ruinous aftermath, accountants fell short as gatekeepers By THE Enron debacle gave rise to the significant debate concerning the role of accountants. The end result is the passing of the Sarbanes-Ox-ley Act which redefines
      BLOOMBERG  -  897 words
    • Article, Illustration
      Lock icon Financing bailouts: SDRs may be the answer
      782 25 ANTHONY ROWLEY THE BOTTOM LINE THE world's financial elite are gathering this week in Washington for the annual meetings of the International Monetary Fund (IMF) and the World Bank, two institutions that were supposed to be made redundant by the triumphal march of
      782 words
    • Article, Illustration
      Lock icon India reaches out to its diaspora
      789 26  -  DEEPAK NAIR Centuries of interaction form our inheritance of the complex cultural and social realities of today By THE most important annual gathering of the Indian diaspora is taking place in Singapore today. The Pravasi Bharatiya Divas (PBD) will bring together some of the
      BERITA HARIAN  -  789 words
    • Article
      Lock icon Five dumb deals they wish they'd skipped
      1214 26  -  ROB COX By IN HINDSIGHT, we all have perfect vision. But there are a handful of M&A transactions concocted at the height of the credit bubble and even after it burst that looked ill-fated from the get-go. With few exceptions, they proved downright
      1,214 words
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      1547 26 w A WATS H Mrn'mWrnWrnrnm jayA HOLDINGS LIMITED 1 1 r* 1 Company Registration No.: *****2391E T^tt Incorporated in the Republic of Singapore NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of Jaya Holdings Limited (the Company") will be held at 13 Tuas Crescent, Singapore *****7 on Friday,
      1,547 words
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  • SHIPPING
    • Article
      Lock icon UN calls for fight against Somalia piracy
      486 27  -  VINCENT WEE Security Council vote urges states to repress acts of piracy and armed robbery By THE United Nations Security Council late on Tuesday passed a stronger resolution on the piracy situation in the Gulf of Aden calling for naval vessels and military
      486 words
    • Article
      Lock icon IMO planning ways to curb CO2 emissions
      213 27 Reuters [LONDON] Curbing greenhouse gas emissions from ships, possibly by including the sector for the first time in an emissions trading scheme, tops the agenda at the UN International Maritime Organization (IMO) meeting this week. The week-long meeting will decide how best to
      – Reuters  -  213 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 27 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.38 0.29 1.40 0.42 0.84 0.70 0.05
        106 words
      • Article
        Lock icon KLSE
        35 27 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.67 8.40 8.10 2.63 2.82 0.09 0.11 -0.04 -0.05 -0.15 -0.25 -0.05 -0.02 unch 141 241! 358} 20i 4! 15'
        35 words
      • Article
        Lock icon BANGKOK
        12 27 ■oo ■recious Ship Jegional Cont 12.70 ...9.80 -0.10 -1.00 540; 29i
        12 words
      • Article
        Lock icon HONGKONG
        11 27 '000 Doil iingamas Cont 16.60 0.95 -0.92 -0.14 3381 2985
        11 words
      • Article
        Lock icon PHILIPPINES
        21 27 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.60 21.50 2.40 unch unch -2.75 0.20 unch 19: 34( 1!
        21 words
      • Article
        Lock icon TAIPEI
        19 27 Evergreen Marine ...14.05 :irst Steamship 35.35 Wan Hai Lines 14.10 fang Ming Marine ....9.80 -0.65 -2.65 -0.35 -0.70
        19 words
      • Article
        Lock icon TOKYO
        39 27 '000 Kawasaki Hvylnd...151.00 -19.00 ***** Kawasaki Kisen 457.00 -55.00 8953 Mitsubishi Hvy 339.00 -39.00 ***** Mitsui Eng&Sbldg ..138.00 -15.00 ***** Mitsui Osk Lines ....622.00 -91.00 ***** Nippon Express 403.00 -23.00 5168 Nippon Yusen 497.00 -54.00 ***** Source: Reuters
        39 words
    • Article, Illustration
      Lock icon Keppel unveils landmark rig in Brazil
      243 27  -  VINCENT WEE By THE Keppel group has launched a high-profile floating production unit (FPU) in Brazil, marking a pivotal point in that country's revival of its shipbuilding industry and aspiration as a net oil exporter. On Tuesday, the P-51 was christened at Keppel FELS
      KEPPEL  -  243 words
  • Page 27 Advertisements
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      1207 27 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists corporate chiefs /w and social ]i activists of t\ I v\ m AwWr RH I.km /km W r 4%^%^\ __> B^ i\V 0/"'o rairaSCl^ AcollectionfromThe Business Times \Y\_\ '"'> V^ Availableatallleadingbookstores O*WW\ V'"W %V. W 4 J*> V \4. ■'■>
      1,207 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8964 28 Transaction date: Oct 8 Hi. Low Code Com| >anj Sale C000) Hii Low Buj rer Seller C'vr P/E 14.5 4 3148 STelecom 20.5 5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 22.5 7 1938 AEI Corp 17.5 2 1100 AEM 36 13.5 2101 APOil 141 43
      8,964 words
    • Article
      Lock icon SGX CATALIST
      2048 29 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
      2,048 words
    • Article
      Lock icon SGX XTRANET
      63 29 Hi< Low Code Comi Sale COOP) Hi< Low Bm Seller C'vr P/E > m II ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P5OO ***** ***** 6170 SPDRS 398.3 214 6009 STI ETF 3977.9 3383.1 6010 STI ETF IOPV US*****d
      63 words
    • Article
      Lock icon CLOB INTERNATIONAL
      69 29 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 $mil Comi >an' Hii 122.8 20.5 48.5 283 55 6000 AVJennings... 4 6134 Over&Gen 8.5 6017 StarCruises.... 130 6019 TanChonglnt ...A57xd ...A8 US9 .HK155 -1 9.5
      69 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8630 29 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.633/ AIGIF Spore Bond Fund/^ 1.288/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.7/ APS Alpha Fund (USD)! A 0.47/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.8054/ APS Komaba
      8,630 words
  • Page 28 Advertisements
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      64 28 m Tl i'K^^2^, |tiS THE EDWARD PIGUET WATCH /IT DFMARS HTdTIFT i !i lm&sM \nm the birth of a great date Le maltre de I'horlogerie depuis 1875 L'J^&Ss r ■l/ICI f' THE WATCH OF YOUR LIFE V^^B M VHill Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED Wk^ 341
      64 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      359 30 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct7 World Index Preliminan 784.9 -0.3 -30.6 -0.6 -31.5 0.0 -32.5 EAFE Preliminai 745.3 -0.7 -33.5 -0.7 -35.8 -0.1 -36.7 Euro[ Preliminan 1031.8 -0.4 -33.1 0.2 -37.4 0.7 -38.4 Pacific 632.2 -1.2
      359 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 30 As at 9am OctS Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0330 1.0460 Can dollar 1.3190 1.3350 Euro 1.9810 2.0040 NZ dollar 0.9080 0.9280 iterlini ind 2.5490 2.5800 US dollar 1.4610 1.4770 Local dollars to 100 units of foreign currency:
      131 words
    • Article
      Lock icon INTERBANK RATES
      179 30 OctS *L Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/2 ys$ 1/8 1 3/4 1 3/4 1 3/4 Offer PAR 1 1/2 1 1/2 1 1/2 BJd 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 5.50 6.00 6.00 6.00 5.00
      179 words
    • Article
      Lock icon STOCK INDEX FUTURES
      21 30 OctS STI IIMSCI Oct 261.7 263.1 253.1 "aiwan Oct 205 208.2 199.0 Source: MF Global (S) He. Ltd
      21 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 30 OctS Bid Offer 1-month 1.4660 1.4677 2 months 1.4627 1.4646 3-months 1.4592 1.4614 6-months 1.4522 1.4544 Source: OCBC
      21 words
    • Article
      Lock icon PALM OIL
      64 30 Oct8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Oct 08 1921 Nov08 1900 Dec 08 1880 Jan 09 1875 Total o/p: ***** contracts 1831 1945 1815 221 1505 1785 1909 1793 637 9302 1775 1897 1775 8973
      64 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      304 30 OctS OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 97.3250 97.8600 97.8550 97.8000 ***** 5984 5914 4003 EUROYEN TIBOR FUTURES DecO8 99.170 99.200 MarO9 99.205 99.205 JunO9 99.280 99.310 SepO9 99.300 99.305 DecO9 Mar10 Jun10 Sep10 99.160 99.205 99.280 99.300 99.200 99.245 99.290
      304 words
    • Article
      Lock icon SICOM FUTURES
      189 30 OctB RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Nov 08 Dec 08 213.0 Jan 09 216.0 Feb 09 214.0 MarO9 212.0 Apr 09 206.5 212.0 210.0 208.0 207.0 206.5 214.9 212.0 210.0 208.0 207.0 206.5 22 141 129
      189 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 30 OctS 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 1.31 1.44 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X 3.125
      87 words
    • Article
      Lock icon CHICAGO BOT
      102 30 Oct7 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 926.00 922.00 949.00 919.00 Jan 09 941.00 938.50 964.00 935.00 Mar 09 954.75 951.50 975.00 950.00 May 09 966.00 962.50 985.00 963.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 08 39.41 39.30 40.40 39.55 Dec 08
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 30 CRUDE OIL PRODUCTS Oct7 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 83.95 -2.00 WTI (Near Mth) 89.85 0.64 Dubai (1-Mth F) 80.78 -2.00 Tapis blend 90.40 -1.55 Minas 86.25 -1.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 74.00 99.80 -2.00 -0.30 US$/barrel Opec Oil Basket
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 30 OctS AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.755 4.657 0.502 5.310 33.354 65.550 0.684 9.526 2.390 1.119 54.395 32.637 1.005 6.359 0.776 22.179 23.596 0.390 0.683 Canada 1.325 6.171 0.665 7.036 44.200
      464 words
    • Article
      Lock icon SIBOR
      74 30 Reuters SWAP Offer rates (Ss) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** OctS 6 mths 1.***** 9mths 2.***** 12 mths 2.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 3.***** 12 yrs 3.***** 15 yrs 3.***** Source:
      Reuters \  -  74 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 OctS Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.0043 1.0058 0.6831 0.6836 Canadian dollar 1.3310 1.3328 0.9053 0.9058 Euro 2.0023 2.0040 1.3619 1.3620 NZ dollar 0.8968 0.8990 0.6100 0.6110 Sterling 2.5756 2.5783 1.7519 1.752: US dollar
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      Lock icon PRECIOUS METALS
      137 30 OctB GOLD (USS/oz) Oct 06 Oct OS Hong Kong London 831.00 907.90 832.00 908.90 Oct 07 Oct 06 876.40 862.40 878.40 864.40 Source: Reuters CAST BAR (S$) Oct08 Buying Sellini Kilobar "44,780.57" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1
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      Lock icon LONDON METALS
      67 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2245.20 2204.00 3 months 2293.00 2250.00 Copper, Grade A (US$/tonne) Cash 3 months 5734.00 5630.00 5657.00 5560.00 Lead (US$/tonne) Cash 3 months 1611.20 1630.00 1615.00 1635.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
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      Lock icon LIFFE
      71 30 Oct7 COCOA (Btonne) Close Prev Hii ih/Low Dec 08 1420 1421 1443/1413 Mar 09 1454 1455 1475/1445 May 09 1458 unch 1475/1450 Jul 09 1467 1466 1480/1461 COFFEE (US$/tonne) Close Pev High/Low Nov08 1795 1798 1819/1794 Jan 09 1864 1862 1888/1862 SUGAR (US tonne) White Close Prev High/Low Dec
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      Lock icon BONDS & WARRANTS
      2878 30 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 WO***** 8756
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      3008 31 SHIPPING TIMES Mm^M KM B-CT-^l-ffHHffiJPff^fffiJnßffil m\\\ WAN HAI INTERNATIONAL PTE LTD (RN0:**********0/R W^^Z Z^^^Lf E*L_E lfc:_d_MlMi^M>B___-i__BlißHM 111% TEL:*****588 (14LINES) FAX:*****163 fm V ■_^T^ir__^^^_V lgB^»™» I\AN 1 UUAN HAI INFx CuU..,n« S«vi<e B.K.Hngs Dii..t Une (1800) *****200 I A. mt a fZ __L"_lHwj^ H__l MSB IVN^ V VVHII lUtl Llllll J
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      3377 32 to AUSTRAL ASIA LINE I^Z^ll] |KSf| H IS H H ll S &^ll CJm6 IN-t-J ASIA AUSTRALIA SERVICE Accepting ContainerAO/Sreakbulk/Project ;^^<H H ■fll E9 HIH <^*v/«v tBIaT^mmWBBBBBMIBBBBBBME^MBBBEJ^MBBMJZBBBBBBMX^mmWBMSaBBBBMIiaBm M WEEKLY EXPRESS SAILING SCHEDULE ap; MORETON lIAB 21/09 o^io !Mj) 2^lo 2^!o o^n m/u _____M|H lt__S_R_nni?_H_F_ll_lTlTl*WTl7WsrSlTl____TllllT_^ CAPE PRESTON 12AB 13/10 WU WU
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  • PROPERTY
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      Lock icon Growth in Dubai house prices slows to 16% in Q2
      218 34 Bloomberg [DUBAI] Dubai house prices rose 16 per cent in the second quarter from the previous three months, when they leaped 42 per cent, as prices neared as much as people are prepared to pay, Colliers CRE pic said yesterday.
      – Bloomberg  -  218 words
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      Lock icon Dubai developers, lenders may merge as growth slows
      495 34 Bloomberg This may be the only option given the pull-back of public market credit [DUBAI] Dubai property developers and lenders may seek mergers as credit tightens and home price growth slows, said Zahed Chowdhury, head of Middle East research at Deutsche Bank.
      Bloomberg; AFP  -  495 words
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      Lock icon Housing recession hits New York as prices drop
      478 35 Bloomberg Biggest drop in Queens, with median property price sliding 17% [NEW YORK] New York City apartment and house prices fell in every borough except Manhattan in the third quarter, according to the Real Estate Board of New York, as the national
      Bloomberg; AFP  -  478 words
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      1336 34 V«^ kAT^T^T^^T->r' Toll free: 1800-289-8822 V IVI I 1 L V Email: notices@sph.com.sg _L^| V^>/ jL I V_|i I it I www.cats.com.sg &SPINDEX SPINDEX INDUSTRIES LIMITED (Incorporated in the Republic of Singapore) (Registration No. *****1451 M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 21st Annual General
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      189 34 Sprawling Good Class Bungalow KF7 I in Cornwall Gardens miM& I I Good House Number Prestigious Address I Located at the cul-de-sac I Potential for subdivision I Near to Holland Village/Dempsey Hill .^iM^t I Tender Closing Date: 22 nd Oct 2008 (Wed) 3p.m. I I For more information, please contact
      189 words
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      1266 35 Suntec City Tower 2 at Temasek Boulevard WMi ft Approx. 2,4005f/3,4885f/3 1 7005f/4 l Boosf/8,5005f/ Ilk Immediate-Vacant possession/lease expiring soon \o'''''' I Spectacular city/sea view The Central-Connected office at Eu Tong Sen St (Limited units available) I Approx. 870sf/l ,450sf/l ,670sf/2,5005f/2,6005f/3,5425f/4,4005f ftr| Vacant Immediate Occupancy 1 High floor with panoramic
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  • BizIT
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      Lock icon Canon eyeing second SOE prize
      644 36 It enters into an exclusive tie-up with one of the bidders for the follow-up to first SOEasy exercise, reports WINSTON CHAI A RIVAL'S victory in a hotly contested government contract may have reduced Canon's footprint among local authorities temporarily, but the firm will try to
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      Lock icon Why SaaS makes sense now
      790 36  -  RAJU CHELLAM <you say> SaaS spend is set to grow 30% a year between now and 2010 in Spore, the fastest in South-East Asia By cept in most corporate minds, has also to do with a different kind of cloud, called Cloud Computing. Look at
      790 words
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      Lock icon SMU gets Microsoft help on security curriculum development
      399 36  -  ONG BOON KIAT Tie-up is software giant's first in the world with an academic institution By AN information security course at the Singapore Management University (SMU) has been enriched with Microsoft-developed content, and more courses at the university are expected to bear
      399 words
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      187 36 Eg 3fl r r Ib A§*^ Date: 24 Oct 2008, Friday Venue: 18 Cross Street #08-01 Time: 9.30 am 12.00pm Marsh McLennan Centre Who should attend: (China Square Central) Operation Managers, Finance Managers, Singapore *****3 Store/Warehouse Managers Annual stock count exercises can be laborious time-consuming, often affecting the productivity of
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      3104 37 BT ADVERTORIAL Banking on infocomm technology SingTel's portfolio of ICT solutions can help banks achieve the twin benefit of improved efficiency at reduced costs IN RECENT weeks, waves of un- can now be conducted through ATMs Besides using to MFA to fulfil the withdrawals, deposits and payment can certainty and
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