The Business Times, 14 October 2008

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Microfilm: NL29503
Total Pages: 51
1 51 The Business Times
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  • Title Section
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    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 Tuesday, October 14,2008
    20 words
  • Article, Illustration
    Lock icon RBS nationalised as part of rescue deal
    835 1  -  NEIL BEHRMANN Reuters Britain to also take major share in merged HBOS-Lloyds; bonus culture to go By in London ROYAL Bank of Scotland (RBS), HBOS and Lloyds TSB, three of Britain's leading banks, have effectively been nationalised. In a dramatic announcement to the
    Reuters  -  835 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      45 1 Oil' iam KLCOMP 950.76 +16.75 NIKKEI 225 Closed HANG SENG 16,312.16 +1515.29 SET INDEX 476.33 +24.37 JAKARTA COMP 1,461.87 +10.20 MANILA COMP 2,118.75 +20.95 SEOUL COMP 1,288.53 +47.06 SHENZHEN B 274.06 +8.78 MUMBAI IND 11,332.23 +804.38 12NOONEDT Chant DOW 8,959.82 +508.63 NASDAQ 1,757.75 +108.24
      45 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 16.265 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 4.50 US 4.50 CANADA 4.50 SWITZERLAND 2.82 INDIA 13.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      47 1 US$ (S$ per US$) 1.468 (US$/S$ )er£) 1.712 2.513 EURO (US$/S$/E) 1.362 1.999 Foreign currency per US$ S$ YEN 100.40 68.40 RM 3.502 2.385 HK$ 7.761 5.287 BAHT 34.25 23.33 RUPIAH 9,830 6,696 RENMINBI 6.826 4.650 INDIAN RUPEE 48.16 32.81 A$ 1.483 1.010 NZ$ 1.655 1.127
      47 words
  • Article
    Lock icon Tycoons take a bath as markets run dry
    769 1  -  CHEWXIANG Most have seen the value of their stockholdings shrink dramatically By [SINGAPORE] They aren't living hand to mouth just yet, but it must feel like it. Thirteen of Singapore's biggest tycoons have shed at least $6.7 billion in net worth since
    769 words
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      82 1 8"*****r*****4' :^^m i J^ B^|^^~— i^fc J^^l§§lJPM/■ ULYSSE/NARDIN A ~J^!^^^**^--\v£ti9M\ml I Wlm Since 1846 Le Locle Suisse f ri^rll ifS-fTiZ* VJBb sj/^Mti I^Ml^^f TUP l I^\f If? ACQ I ''NiSfc^tau. <r~^~w-\n A m<M Contemporaiy Horological Art ,:.rv-T J .>^6"». SM^B^^^fi" iwi^V •■-•j-t+ji*»Jj|( J^a^^^gi m < WM Self-winding. Patented Perpetual Calendar.
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      44 1 SMEINC NOBEL PRIZE PROPERTY BE INSPIRED I Guarding against Paul Krugman wins 2008 JTC looking high Zap for daily inspiration. online fraudsters Nobel for economics and low for space Win a Nikon Digital page 12 b^ page 2 page 34 Camera! PAGE 9 *—^H
      44 words
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  • TOP STORIES
    • Article
      Lock icon Stocks rebound as Europe gets to heart of the problem
      857 2  -  CONRAD TAN Guarantees may let funds flow easier; relief shows in interbank markets [SINGAPORE] Stocks in Asia rebounded yesterday, cheering a move by governments in Europe and elsewhere to back virtually the entire banking sector with money from the public
      857 words
    • Article
      Lock icon Race against time as crisis fires still rage
      416 2  -  HUGO DIXON THE markets are still on tenterhooks. The authorities across the world made Herculean efforts over the weekend to stabilise the banking system and made considerable progress. Most of the UK banks have been rescued with a £37 billion (5594.5 billion)
      416 words
    • Article, Illustration
      Lock icon Sharp recovery
      5 2 Source: AFP, Bloomberg
      : AFP,; Bloomberg  -  5 words
    • Article, Illustration
      Lock icon Krugman wins 2008 Nobel for economics
      538 2 Reuters [STOCKHOLM] US economist Paul Krugman, a well-known critic of US President George W Bush's administration for policies that he argues led to the current financial crisis, won the 2008 Nobel prize for economics yesterday. The committee said that the award was for Prof
      – Reuters  -  538 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Britain nationalises RBS, 2 other banks
        61 2 ROYAL Bank of Scotland, HBOS and Lloyds TSB, three of Britain's leading banks, have effectively been nationalised. In an announcement to the stock exchange, the government signalled that taxpayers would be investing £37 billion (5594.8 billion) and would get a controlling stake of RBS
        61 words
      • Article
        Lock icon Stocks rebound as Europe gets to heart of the problem
        41 2 STOCKS in Asia rebounded yesterday, cheering a move by governments in Europe and elsewhere to back virtually the entire banking sector with money from the public purse. TOP STORIES, PAGE 2
        41 words
      • Article
        Lock icon European governments step in to shore up banks
        74 2 GERMANY, France and Britain announced massive financial rescues yesterday as governments across Europe stepped in to shield banks and restore confidence in the face of the worst financial crisis in nearly 80 years. France, Germany, Spain and Austria committed 1.1 trillion euros
        74 words
      • Article
        Lock icon CapitaLand and units raised $5b this year
        52 2 CAPITALAND and its various listed entities have raised more than $5 billion of debt year-to-date, it said in slides posted on the Singapore Exchange website. It intends to present the slides to investors at a conference in London and New York. COMPANY NEWS,
        52 words
      • Article
        Lock icon Corporate scandals risk big blow to China stocks
        52 2 ADDING to the already poor interest in SGX-listed Chinese stocks or S-shares with the Chinese markets slump, a crisis of confidence emanating from the China tainted milk saga and recent corporate scandals is threatening to cause a more serious blow. COMPANY NEWS,
        52 words
      • Article
        Lock icon S'pore slips on ranking of most liveable cities
        55 2 SINGAPORE now ranks 22nd on Monocle magazine's World's Top 25 Most Liveable Cities list, down from 17th position a year ago. While Singapore scores high in some aspects of liveability, including the efficiency of Changi Airport, its 2008 ranking suffered from "tolerance
        55 words
      • Article
        Lock icon Jakarta raises bank deposit guarantee
        49 2 INDONESIA raised its guarantee on bank deposits to head off a run on lenders and eased central bank rules so as to provide more liquidity. The move provided support for the stock market, which yesterday reopened after a three-day trading halt. MALAYSIA/INDONESIA, PAGE 20
        49 words
      • Article
        Lock icon China's SWF caught in money market freeze
        76 2 CHINA'S sovereign wealth fund, whose high-profile investments have plunged in value, may have more than US$5 billion frozen in a US money market account hit by the financial crisis, according to regulatory filings. A source close to China Investment Corp confirmed it had
        76 words
    • Article
      Lock icon Oil rises to above US$81
      273 3 Reuters Goldman Sachs cuts year-end price forecast to US$7O [LONDON] Oil rose above US$Bl a barrel yesterday after governments around the world acted to boost confidence in the global banking system, spurring a rally in European and Asian stock markets and commodities. But investment bank
      – Reuters  -  273 words
    • Article
      Lock icon Oil trading activity here set to slip even further in Q4
      433 3  -  RONNIE LIM By [SINGAPORE] Oil trading activity here is set for an even greater plunge in the final quarter, with some traders projecting a dive of at least 40 per cent in October-De-cember volumes. This will drag Singapore's 2008
      433 words
    • Article, Illustration
      Lock icon European governments step in to shore up banks
      772 3 Reuters France, Germany, Spain, Austria commit 1.11 euros to guarantee loans [PARIS] Germany, France and Britain announced massive financial rescues yesterday as governments across Europe stepped in to shield banks and restore confidence in the face of the worst financial crisis in
      – Reuters; REUTERS  -  772 words
    • Article, Illustration
      Lock icon US govt unveils plan to buy stakes in banks
      593 4 -AFP The programme 'will be voluntary and designed with attractive terms' [WASHINGTON] The United States is gearing up to buy stakes in banks under a US$7OO billion financial rescue programme passed just 10 days ago, the Treasury said yesterday as it
      -AFP  -  593 words
    • Article
      Lock icon Deeper tests lurk beyond current storm: Hng Kiang
      371 4  -  TEH SHI NING By [SINGAPORE] The gloomy short-term outlook for the economy should not cloud out the longer-term challenges Singapore will face in sustaining economic growth, Minister of Trade and Industry Lim Hng Kiang said yesterday. Addressing university students and academics at
      371 words
    • Article
      Lock icon Morgan Stanley shares soar on Mitsubishi deal
      437 4 Reuters MUFG buys preferred stock convertible to 21% stake for USs9b [NEW YORK] Mitsubishi UFJ Financial Group Inc (MUFG) completed its purchase of a stake in Morgan Stanley yesterday with US government support, helping close a deal that investors had feared would fall
      – Reuters  -  437 words
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      494 2 Goods and Services Tax (GST) Seminar Essentials of GST and Updates Date Keeping abreast with GST requirements can be a constant challenge for many Friday, 14 November 2008 businesses. A higher GST rate may result in higher compliance cost as non-compliance with the GST legislation attracts penalties. This can be
      494 words
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      275 3 Sfl^^fl Citi Premier Miles is truly unbeatable*: W^^^^^^k Citi Premier Miles Other Travel cards s"^^B Most miles v^ Most airlines to choose from v^ Redeem on any travel spend v^ Miles never expire v^ Access to over 500 YIP airport lounges' V*"" What's more, you'll get to enjoy preferential room
      275 words
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      1367 4 i 'j i EU VAN SANG INTERNATIONAL LTD w■ -JUjJtS feJ^ (Company Registration No.: *****2179H) £^^tf I^^ m (Incorporated in The Republic of Singapore with limited liability) w^^^^m w NOTICE OF ANNUAL GENERAL MEETING P"vwed that: NOTICE IS HEREBY GIVEN that the Annual General Meeting of Eu Van Sang International
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CapitaLand and units raised $5b this year
      484 5  -  UMA SHANKARI Good access to capital markets, with $2b devt loan secured in July CAPITALAND and its various listed entities have raised more than $5 billion of debt year-to-date, the developer said yesterday. Capita Land, Singapore's largest developer by market capitalisation, reported the
      FILE PHOTO  -  484 words
    • Article, Illustration
      Lock icon Corporate scandals risk big blow to China stocks
      862 6  -  LYNETTE KHOO S-SHARES UNDER PRESSURE Concerns raised over quality of foreign listings, especially those from China ADDING to the already poor interest in SGX-listed Chinese stocks or S-shares with the Chinese markets slump, a crisis of confidence emanating from the China tainted
      REUTERS  -  862 words
    • Article
      Lock icon S-shares face more earnings downgrades
      583 6  -  LYNETTE KHOO But ratings unlikely to be hurt as their valuations are already at extremely low levels MORE earnings downgrades on S-shares or Singapore-listed Chinese companies can be expected once analysts start pricing in the dampening impact from the worsening economic environment next year. But
      583 words
    • Article
      Lock icon Jade investors still waiting for the answers
      756 9  -  CHEW XIANG JUST over six months ago, the botched takeover of Catalist-listed Jade Technologies was reported to the Commercial Affairs Department (CAD) by OCBC, the financial adviser to the offeror. The white collar crime unit started to investigate, but the case is one
      756 words
    • Article
      Lock icon PCCW stops auction for stake in HKT, cites market unrest
      327 9 Reuters [HONG KONG] Hong Kong telecommunications company PCCW has ended the sale of a stake in its new HKT unit, citing the market upheaval. The auction for HKT, a business estimated to be worth more than US$3 billion which had
      – Reuters  -  327 words
    • Article, Illustration
      Lock icon No fireworks after all at Japan Land meeting
      609 10  -  LYNETTE KHOO EGM WATCH Share swap resolution passed with no questions from the floor JAPAN Land's EGM turned out to be a non-event yesterday, with a no-show from tycoon Oei Hong Leong, who owns a 4.01 per cent stake. He was overseas.
      FILE PHOTO  -  609 words
    • Article
      Lock icon Epure buys over two China JVs for 16m yuan
      362 10  -  OH BOON PING CHINESE water treatment specialist Epure International is buying over two existing joint ventures (JVs) in China for 16.4 million yuan (553.5 million). Epure, which now owns 18 per cent in both ventures, is acquiring the remaining shares from
      362 words
    • COMPANY BRIEFS
      • Article
        Lock icon Design Studio's order book totals $210m
        53 10 DESIGN Studio Furniture Manufacturer Ltd, a furniture manufacturer, product and interior fitting-out specialist, has announced an order book of $210 million as at Sept 30 after recent contract wins. The group said it is continuing its expansion outside Singapore with an added focus on
        53 words
      • Article
        Lock icon NOL ships 6% more boxes
        57 10 Reuters Neptune Orient Lines (NOL) said it carried 6 per cent more containers on its ships in the four weeks to Sept 19 from a year ago. It said in a statement yesterday that its shipping arm APL carried the equivalent of 204,000 40-foot containers
        – Reuters  -  57 words
      • Article
        Lock icon Swiber unit clinches US$7m India deal
        72 10 SWIBER Holdings, a service provider in the offshore industry, yesterday said a 70 per cent subsidiary has clinched a US$7 million letter of intent to provide subsea services to an offshore project in India. Separately, Swiber said it has formed a 50:50 joint venture
        72 words
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      149 5 I X ft I HI PJ b^l BBS H E*'l^^riM^3 P'^--§:-^»*''*' IBHH^s c rvcp rpW^s* 'i Wat WM www.servcorp.com.sg I Instantly in Business I From $90* per month! A |l No set up fees, no security deposit, morth to month flexibility M A Prestigious address for your business cards and
      149 words
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      1282 6 I k f W*2^ [L?rv^T/nrr Tollfree:1800-289-8822 OneldeaCanChangeYourWorld IUrDanTOrUITIi w9^7 I^.l 1 1"^ Email: nOtiCeS@Sph.COITI.Sg _L^l V^>/ X. I V i I 'ti www.cats.com.sg 21 OCT 2008 I ONE°IS MARINA CLUB, SINGAPORE SK IVI B I^l NAM LEE PRESSED METAL INDUSTRIES LIMITED (Incorporated in the Republic of Singapore) JA gft^ nCX/Cir^DlMr*
      1,282 words
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      58 7 Singapore's prudent financial approach has made us strong. Together, we will weather this storm. With a continued AA rating, NTUC Income remains your solid partner. As part of NTUC, we are people focused, not profit focused. Serving 2 million Singaporeans, we have earned the trust of the nation. With NTUC
      58 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI soars 6.6% on Asian rebound
      550 8  -  CONRAD TAN STOCKS Hopes that bank rescues will avert severe global downturn lift property, commodity stocks STOCKS here jumped yesterday amid a broader rebound in Asian equities, as governments worldwide finally seemed to be coming to grips with the financial crisis. The Straits Times
      Bloomberg  -  550 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      99 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 6 2 0 0 0 8 6 2 lanufacturini 66 71 55 17 74 78 72 Commerce 35 22 18 40 23 22 "pt/Stor/Comms 19 16 20 16 ■inance 24 13 24 13 instruction 11
      99 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 104,850 104,850 171,062 171,062 lanufacturing 407,897 29,201 437,098 228,051 1,025 229,076 lommerce 86,398 10,669 97,067 84,220 1,841 86,061 )t/Stor/Comms 153,165 2,473 155,638 281,396 592 281,987 :i nance 60,621 60,621 498,141 498,141 lonstruction 25,743 18,752 44,495 2,735 885 3,620 'roperties
      118 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      104 8 lapitaLand 2.730 +0.220 lapitaMall 1.950 +0.250 jtyDev 7.200 +0.720 losco Corp 1.200 +0.100 IBS Grp 14.860 +0.860 :&N 2.950 +0.050 Sent Intl 0.405 +0.020 iolden Agri 0.240 +0.005 IK Land 2.600 +0.250 IMH 23.000 +1.500 ISH 11.700 +0.700 lardineC&C 9.970 -0.020 Ceppel Corp 5.960 +0.540 Ceppel
      104 words
    • Article
      Lock icon BROKERS' TAKE
      287 8  -  CHOW PENN NEE Singapore Exchange Oct 13 close: $5.78 Citi Investment Research, Oct 10 QIFYO9 preview: Volatility has kept volumes ahead of forecast in QIFYO9 (September 2008 quarter), and hence the SGX could turn in a flat q-o-q profit of $91 million (Q4FYOB: $91 million). However a sharp
      287 words
    • Article, Illustration
      Lock icon Time for investors to conserve capital
      424 8  -  KEN TAI, CHART POINT FOR the second time in a row, our prediction of a technical rebound in the heavily oversold Straits Times Index (STI) has proved to be short-lived. Last Tuesday's 100-point rally to a high of 2,230 barely lasted the morning before
      : NextVIEW  -  424 words
    • Article, Illustration
      Lock icon Rescue efforts spur currency turnaround
      536 8  -  LARRY WEE CURRENCIES FRESH recapitalisation and support efforts for banks in Europe and Down Under sparked a currency turnaround yesterday, bringing much relief for recent victims like the South Korean won and the Australian dollar. In the process, the US dollar recorded a fairly broad-based
      Reuters  -  536 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      59 8 Oct 13 VALUE CLOSE BT OB/OS -1577.0+181.0 BT CADI -*****.00 +36.00 BT 10-day MA -*****.0 -158.0 FTSE ST Mid Cap 399.98+13.62 FTSE ST Small Cap 332.86 +0.70 FTSE ST All Share 492.30+26.23 FTSE ST China Top 179.56 +7.92 FTSE ST China 182.20 +6.15 UOB Catalist 90.29 +0.16
      59 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Golden Aqri 161,540,000 Gallant 61,851,000 China Honqxinq 53,624,000 SinqTel 40,059,000 Cosco Corp 35,115,000 Noble Grp 31,971,000 Gent Intl 29,981,000 Yanqzijianq 26,917,000 CapitaLand 24,228,000 StraitsAsia 24,133,000 VALUE($) DBS Grp 176,800,420 SGX 116,419,750 SinqTel 113,909,690 UOB 108,277,020 Keppel Corp 100,965,420 OCBC Bk 75,659,430 CapitaLand 65,173,190 S I A
      57 words
    • Article
      Lock icon RISES
      104 8 BY CENTS CLOSE UP 2300 220.1 7.0 JMH China H 10US 1032 196.6 14.9 JSH 1170 102.7 6.4 UOB 1570 90.0 6.1 DBS Gri 1486 86.0 6.1 Cifr 720 72.0 11.1 Korea 10US$ 286 70.4 20.2 SIA 200 1274 70.0 5.8 S I A 1266 66.0 5.5 UOBMBLiCW*****0 236
      104 words
    • Article
      Lock icon FALLS
      120 8 CLOSE DOWN 8496-886.1 -6.6 GLD 10US OCBC Bk4.5%NCPS 100 8480-210.0 -2.4 UOB 5.05%NCPS 100 9250 -80.0 -0.9 OCBCCai 5.1%NCPS 100 9050 -72.0 -O.i OCBC Bk5.1%NCPS 100 9300 -42.0 -0.4 STI2500BNPePW*****7 89 -27.0 -23.3 I seta n 295 -25.0 -7.8 STI2350BNPePW*****0 69 -23.5 -25.4 Dain irm 435 -22.0 -3.3 DBS
      120 words
    • Article
      Lock icon CURRENCIES
      82 8 Wh lere S! stands Oct13 %CHNG CLOSE FROO10 YR2008 S$ LOW S$ HIGH uss 1.4702 0.61 1.4850 1.3457 Euro 2.0039 0.26 2.2064 1.9750 Pounds 2.5298 -1.10 2.8431 2.4874® AS 0.9880 -0.95 1.3251 0.9389® Yen* 1.4665 1.90 1.5091 1.2619 Rupiah* 0.***** 0.20 0.***** 0.***** Baht* 4.2951 0.23 4.4299 4.0190 Peso*
      82 words
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      2459 10 w WATS JL^I V»>/ JL JL^^ JLj L- Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg AcrtD i nun-rcn .....y? US S ks energy services limited y*"'^m ArUM LI Ml ItU ULTRO/ B^E^y (Company Registration No. *****0104G) Hk (Company Registration No. *****2930G) 4*^ (Incorporated in the Republic of Singapore) NOTICE OF BOOKS
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      202 11 A MITSUBISHI ELECTRIC Changes for the Better j r V -I I""*"";^^ Mitsubishi Electric jp r Protect the Environment and Sol VG on |rr v? JHrf electrical bills. ALL Mitsubishi Electric STARMEX Inverter Air-Conditioners have been awarded '4 Green Ticks' by the National Environment Agency, the highest rating in energy
      202 words
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  • SME Inc
    • Article, Illustration
      Lock icon Guarding against online fraudsters
      952 12 SMEs need to be aware of security threats in cyberspace and take appropriate precautions, say DIONDI TAN and OH BOON PING SMALL and medium-size enterprises (SMEs) are increasingly embracing applications such as Web 2.0 as a communications tool but there are security threats they should be
      952 words
    • Article, Illustration
      Lock icon CAAS certification helps local firms
      540 13 PRO-ENTERPRISE CHANGES Technical standard orders and supplemental type certifications result in huge cost savings for local aerospace firms, reports OH BOON PING AT Diethelm Keller Aviation, the design of products such as meal carts and other galley inserts used to require technical standard orders (TSO)
      FILE PHOTO  -  540 words
    • Article
      Lock icon Setback for China food sector
      562 13 THIS WEEK'S TOPIC What do you make of the recent tainted milk scandal? In your opinion, could this be part of a wider food safety problem in China and will this cause you to avoid food products made in China? Jackie Cheng Ec Lieng CEO
      562 words
    • Article, Illustration
      Lock icon SMEs can gain from services delivered on-tap
      950 14  -  RAJU CHELLAM IT MATTERS Software-as-a-Service technology offers less costly, on-demand pricing Anew innovation is here that promises to help companies, especially the small and medium enterprises (SMEs) save money in the ICT (information communication technology) space. The Software-as-a-Service (SaaS) technology allows you to
      FILE PHOTO  -  950 words
    • Article, Illustration
      Lock icon Tick the right boxes to ease cashflow pain
      859 15  -  GAVAN ORD Careful management of cash resources, preparing budgets, keeping books and maintaining discipline are vital for SMEs T| HE global financial crisis highlights how businesses of all sizes in all sectors should carefully manage their cash flow, keep their books up
      STOCKXPERT  -  859 words
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      2786 12 _L^l V^^ -I- -I_^»^ I \J Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg DADTEI# It ICONIC HOLDINGS LIMITED "1 El^kV (formerly known as Inchem Holdings International Limited) knowledge solutjdns in port business (Company Registration No. *****4837 M) (Incorporated In The Republic of Singapore) PORTEK INTERNATIONAL LIMITED Notice of nusA Genera| Meeting
      2,786 words
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      480 12 A [GARS FORM 69(3) Rules 91 and 101 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF OPES PRIME INTERNATIONAL (SINGAPORE) PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) (Company Registration No.: *****8518E) NOTICE OF INTENTION TO DECLARE DIVIDEND Name of Company: OPES PRIME INTERNATIONAL (SINGAPORE) PTE
      480 words
  • Page 12 Miscellaneous
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      218 13 The Pro-Enterprise Panel was set up in 2000 to solicit feedback from businesses on how government rules and regulations can be improved to create a more pro-enterprise environment. The panel is chaired by Civil Service Head Peter Ho and consists of mainly private-sector business leaders, llliyiiliilJ A m M A
      218 words
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      4 13 j^^^^wESS ESI flffiflj Uuijjl
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      2059 14 —j j— Micro-Mechanics (Holdings) Ltd. (Incorporated in the Republic of Singapore) (Company Registration Number: *****4632W) NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of the Company will be held at Ballroom 1, Level 3, Amara Hotel, 165 Tanjong Pagar Road, Singapore *****9 on Friday, 31 October 2008 at
      2,059 words
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      147 14 i lock+store i EB3BESBBESBB3 1800 370 3737 BSjBEfiS9HH Ca" 6 531 7681 now for the Payro" Specialist lT» 1 PAYDAY! Payroll Serve L TIME TO RELAX SAVE TAX I Our qualified professionals tm/MJ can assist you with offshore J structures, shelf companies '■"A'JS~S and incorporations in ALL jurisdictions including: _g
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      2895 15 JL^I \*J _L JLV^ -L l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg I. r't J r— rt I ft n r** ft i~~h SIM SIANG CHOON LTD Registration No. *****5693 M (Incorporated in Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the 2008 Annual General Meeting
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  • SINGAPORE NEWS
    • Article
      Lock icon S'pore slips on Monocle ranking
      560 16  -  ARTHUR SIM It slides to 22nd on Most Liveable Cities list, down from 17th last year SINGAPORE now ranks 22nd on Monocle magazine's World's Top 25 Most Liveable Cities list, down from 17th position a year ago. Monocle is a global affairs, business, culture and
      560 words
    • Article, Illustration
      Lock icon Singapore, Australia strengthen media ties
      319 16  -  WINSTON CHAI Three selected projects will each receive $30,000 MEDIA agencies in Singapore and Australia have earmarked US$9O,OOO to help fund the development of new projects under the latest digital content partnership between the countries. The new tie-up was announced yesterday at the annual MIPCOM
      319 words
    • Article
      Lock icon Financial system stable: MAS
      312 16 Xinhua THE Monetary Authority of Singapore (MAS) stressed yesterday that the city-state's financial system "remains stable and robust" and it is committed to protecting its stability. "We will take any necessary measures to safeguard the stability of Singapore's financial system," the central bank said in a
      – Xinhua  -  312 words
    • Article
      Lock icon BCA's Green Mark debuts in M'sia, set to go beyond
      649 17  -  ONG BOON KIAT Developers adopting green yardstick for projects in China, Thailand, Indonesia AS Singapore continues to shape an eco-friendly habitat by getting developers to embrace the Green Mark, this green building yardstick is starting to find its mark beyond
      649 words
    • Article, Illustration
      Lock icon Local universities to help govt assess risks
      483 17  -  LEE U-WEN Younger generation to learn strategic anticipation SINGAPORE'S three local universities have been roped in to help the country strengthen its ability to assess risks and anticipate events. The outreach effort has already resulted in valuable feedback from students and academics on
      483 words
    • Article, Illustration
      Lock icon GASTRONOMY AMONG THE GREEN
      111 17 ARTHUR LEE HILLTOP fine dining resort The Jewel Box on Mount Faber showcasing its latest 'green' architectural extensions yesterday evening. The 'tree-in-a-vase experience' uses an Angsana tree as a crystal core and eight three-storey arcs of laminated timber crafted from Hiba wood that support a Teflon
      ARTHUR LEE  -  111 words
    • Article
      Lock icon Clothing makers on Japan marketing mission
      225 17 SEVEN clothing manufacturers here will be heading to Japan as part of International Enterprise Singapore's first apparel marketing mission this week. IE Singapore said Japan, which accounted for one per cent of Singapore's domestic exports of apparel last year, could be a new market
      225 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Group of Thirty chairman calls on SM Goh
        54 17 THE chairman of the board of trustees of the Group of Thirty, Paul Volcker, called on Monetary Authority of Singapore chairman Senior Minister Goh Chok Tong yesterday. They discussed financial and economic developments in the US and the repercussions of the US
        54 words
      • Article
        Lock icon New appointments at WDA, Civil Service College
        76 17 FROM Dec 1, Workforce Development Agency (WDA) chief Ong Ye Kung will be seconded to the National Trades Unions Congress (NTUC). Chan Heng Kee, deputy secretary (development) of the public service division in the Prime Minister's Office and CEO and dean of the
        76 words
      • Article
        Lock icon Indian Heritage Centre committee to be formed
        43 17 A COMMITTEE will be established under the guidance of the Ministry of Information, Communications and the Arts to work on the design and content of the Indian Heritage Centre the government has decided to set up.
        43 words
      • Article
        Lock icon SLA launches tender for former high school
        42 17 THE Singapore Land Authority (SLA) will launch a public tender on Oct 15 for the former Seh Chuan High School at 9-3 Jalan Seh Chuan in Upper Bukit Timah for use as a commercial school.
        42 words
    • Article
      Lock icon Asean meets on poverty eradication, rural dev't
      168 17 Xinhua AN Asean meeting on rural development and poverty eradication kicked off here yesterday. And over the next two days, it will review the work that the 10 member countries have undertaken in these areas, including an Asean roadmap for implementing millennium development
      Xinhua  -  168 words
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      208 16 V*zf 'KTf^rr'Tf^T'r< To"free: 180°-289-8822 V IVI I I L V Email: notices@sph.com.sg _L Vh^ -I- -L^^ I' ij www.cats.com.sg bii I NOTICE TO THE NOTEHOLDERS U*****,000,000 7.75% Subordinated Notes due 2015 (the "Notes") Issued by PT Bank Internasional Indonesia Tbk (the "Bank") (incorporated with limited liability in the Republic of
      208 words
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      1309 17 V*^L f^TT/nr r> To"free: 180°-289-8822 k^- [Vl■ r1 Email:notices@s Pticom- s 9 JL^I V^-/ JL jL\^J JLj ij www.cats.com.sg H^l Kian Ann Engineering Ltd H^pu The Trusted Name In Heavy Machinery And Diesel Engine Parts (Company Registration No: *****1102H) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING
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      321 18 CONGRATULATIONS TO mapleiree shaping sharing Mapletree, a leading Asian real estate provider, brings you 2 comprehensively planned developments in Binh Duong Province, rated one of the best investment locations in Vietnam. i——- r-- _a.« ift r~ m 'v J fc is& -^T^^^^ T^T^^^L^. .^!!^^JTOg^^. 1 i, j_ I I Mapletree
      321 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Jakarta raises bank deposit guarantee
      705 19 Reuters Jump to 2b rupiah from 100 m rupiah helps stocks recover from opening loss [JAKARTA] Indonesia raised its guarantee on bank deposits to head off a run on lenders and eased central bank rules so as to provide more liquidity, joining a global effort
      – Reuters  -  705 words
    • Article, Illustration
      Lock icon Anwar calls for fresh Budget, citing turmoil
      457 19  -  S JAYASANKARAN IN his maiden speech to Parliament as Opposition Leader, Anwar Ibrahim called for a fresh Budget to be tabled as the original one, tabled almost IV2 months ago, was no longer relevant given the global economic turmoil sweeping across world markets.
      457 words
    • Article
      Lock icon M'sia plastics industry 'at a crossroads'
      543 19  -  PAULINE NG As exports jump, it hopes it won't be caught in a tightening credit squeeze MALAYSIAN plastic manufacturers, who have been adding production capacity for the past 12-18 months in anticipation of bigger supply from new resin plants in the Middle East, are
      543 words
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      2195 19 T I ENG WAH ORGANIZATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0320E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Eng Wah Organization Limited (the "Company") will be held at The Legends Fort Canning Park, Legends 111, Park Level,
      2,195 words
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  • GLOBAL FINANCIAL CRISIS
    • Article, Illustration
      Lock icon Untitled
      116 20 'EU policymakers in Paris have risen to the challenge and stolen the limelight from the G-7 in Washington.' Marco Annunziata, chief economist of Italian financial group UniCredit 'The next shoe to drop is more in the real economy, in corporate profits and in commercial real estate.' Marc Faber, managing director
      116 words
    • Article, Illustration
      Lock icon EU gets its act together on credit crisis
      680 20 Reuters Market responds positively to united move; Europe is changed politically [BRUSSELS] More than a year after the start of the global credit crisis and a month since the financial hurricane blew into Europe, the European Union has finally got its act
      Reuters; AP  -  680 words
    • Article
      Lock icon Calls to expand G-7 as crisis grows
      583 20 Reuters Italy to propose such a change when it takes leadership [WASHINGTON] The credit crisis has left the Group of Seven club of rich nations looking like a 20th century relic unable to tackle a modern financial disaster, and its larger siblings may
      – Reuters  -  583 words
    • Article
      Lock icon Dubai may need help to repay debts: Moody's
      480 20 Bloomberg [DUBAI] Dubai may need support from neighbouring Abu Dhabi and the federal government of the United Arab Emirates (UAE) to help pay for increased borrowing, Moody's Investors Service said. Government-controlled companies owe at least US$47 billion, more than Dubai's gross domestic
      Bloomberg  -  480 words
    • Article
      Lock icon Qatar bank share buys send Gulf bourses soaring
      429 20 Reuters [DUBAI] Qatar launched a US$5.3 billion plan to purchase bank shares yesterday in the most dramatic move to date by Gulf Arab states to shore up confidence in their banks, sending stocks across the region soaring. Middle Eastern policymakers have joined
      Reuters  -  429 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China's SWF caught in money market freeze
      543 21 -Reuters China Investment Corp unit may have USssb in account hit by Lehman collapse [BEIJING] China's sovereign wealth fund, whose high-profile investments have plunged in value, may have more than US$5 billion frozen in a US money market account hit by the financial
      -Reuters  -  543 words
    • Article
      Lock icon China's Sept trade surplus hits record US$29.3b
      383 21 -AP [BEIJING] China's trade surplus last month hit a new monthly high of U5529.3 billion, the government said yesterday. In a sign of more balanced trade, however, the surplus for the first nine months of the year actually shrank by 2.6 per cent,
      -AP  -  383 words
    • Article, Illustration
      Lock icon Indian shares rebound, 7.6% rise biggest in 4 yrs
      505 21 Reuters [BANGALORE] Indian shares rose 7.6 per cent yesterday, snapping a five-day losing run with their biggest rise in more than four years as the government sought to reassure investors it was working to shield India from the global crisis. The
      – Reuters; REUTERS  -  505 words
    • Article, Illustration
      Lock icon Global crisis raising risk of HK recession: Tsang
      384 21 [HONG KONG] Hong Kong Financial Secretary John Tsang said that the city faces an increased risk of a recession next year because of the global financial crisis. "We forecast the risks of a recession next year are getting higher," he said yesterday.
      384 words
    • Article
      Lock icon Sinopec, PetroChina to be sued
      165 21 Reuters [BEIJING] Frustrated by an unsteady trickle of overpriced fuel, China's independent oil firms hope to sue the country's two energy giants Sinopec and Petro China under a new an-ti-monopoly law, Chinese media reported yesterday. The companies have crushed their smaller rivals as they fought
      – Reuters  -  165 words
    • Article
      Lock icon Tensions high as Posco protest leader held
      308 21 Reuters Police presence has been stepped up in the region [BHUBANESWAR, India] More than 500 policemen have been deployed in eastern Orissa state after the arrest of a senior leader who had been spearheading protests against South Korean steelmaker Posco. India's Supreme Court
      Reuters  -  308 words
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      202 21 Subscribe Win! The Straits Times Digital The Business Times online The latest news. Anytime, anywhere. From now till 31 st October 2008, sign up for any of The Straits Times J MbDigital orThe Business Times online (BTO) subscription plans below to: fl Get sure-win rewards Stand a chance to win
      202 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon GM cool to buying Chrysler from Cerberus
      690 22 Reuters Private equity fund wants to swap GM's 49 per cent stake in finance arm GMAC [NEW YORK] The board of General Motors Corp has given a cool reception to the idea of the carmaker acquiring Chrysler LLC, The Wall Street Journal said
      – Reuters; GM, Chrysler LLC, Reuters  -  690 words
    • Article, Illustration
      Lock icon Wells Fargo may pare investment unit
      577 22 Reuters Bloomberg, Wachovia unit does not fit easily with rest of the company [NEW YORK] Wells Fargo Co is likely to sell off or pare the investment banking business that it is acquiring in the purchase of Wachovia Corp, analysts say. Standard Poor's said
      Reuters; – Bloomberg,; AP  -  577 words
    • Article, Illustration
      Lock icon History suggests McCain faces an uphill battle
      615 22 NYT [WASHINGTON] With just three weeks for the US election, the question facing strategists in both parties is whether Senator John McCain has fallen too far behind in the presidential campaign to overtake Senator Barack Obama? History suggests the answer is, probably. Mr
      NYT  -  615 words
    • Article
      Lock icon Micron to buy 35% stake in Taiwan chip maker Inotera
      508 22 Bloomberg USs4oom deal will help narrow gap with Samsung [LONDON] Micron Technology will buy a 35.6 per cent stake in Taiwan's Inotera Memories from rival Qimonda for US$4OO million in cash. Micron, the largest US memory chip maker, and partner
      – Bloomberg  -  508 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon This crisis calls for global cooperation
      474 23 AFTER too much foot-dragging, uncertainty and mixed signals, we appear to have at last arrived at a coherent and credible approach to, at least, preventing the collapse of the major banks of the US and Europe. The solution, which was the brainchild of British
      474 words
    • Article, Illustration
      Lock icon Interbank markets hold the key to current crisis
      1214 23  -  RAMKISHEN RAJAN Lack of interbank lending is one of the factors behind global equity markets' collapse AS the sub-prime crisis in the United States and UK has now turned into a full-fledged global credit and financial crisis, policy makers worldwide are belatedly
      AFP  -  1,214 words
    • Article, Illustration
      Lock icon Deleveraging: the real cause of market mayhem
      776 23  -  ROBERT SAMUELSON The Washington Post Writers Group THE BOTTOM LINE IT'S easy to explain the continuing financial chaos and the failure of governments to control it as the triumph of psychology. Fear reigns, and panic follows. Everyone dumps stocks, because everyone believes that
      – The Washington Post Writers Group  -  776 words
    • Article, Illustration
      Lock icon Washington awaits Wall St response
      1026 24  -  LEON HADAR The week-long sell-off suggests the moves taken by Washington had failed to build the necessary investor confidence AFTER a week of pandemonium in the financial markets that ended on Friday, Wall Street is taking a three-day weekend break. (Monday is Columbus Day public
      AP  -  1,026 words
    • Article, Illustration
      Lock icon Judgment matters in this crisis
      1228 24  -  NOEL TICHY THE casualties of the current global financial crisis are well known. In every case, the failure of some of the world's largest and most prestigious firms can ultimately be attributed to bad judgment by their leaders. Bears Sterns' chief executive officer (CEO) James
      REUTERS  -  1,228 words
    • Article
      Lock icon Emerio's HQ stays in S'pore
      189 24 LETTER TO THE EDITOR I REFER to the report, "Govt perks rekindle interest in Cyberjaya' (BT, Sept 10). I wish to inform you that the statement that "Singa-pore-based Emerio Corporation plans to make Cyberjaya its new headquarters on completion of a 100,000 sq ft building
      189 words
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  • SHIPPING
    • Article, Illustration
      Lock icon TUI sells Hapag-Lloyd in 4.45b euro deal
      518 25 Bloomberg Deal is industry's biggest since P&O's sale to AP Moeller [BERLIN] TUI AG, the German owner of Europe's largest travel company, agreed to sell Hapag-Lloyd to a Hamburg-based investor group in a deal that values the shipping company at 4.45 billion euros
      – Bloomberg; AP  -  518 words
    • Article
      Lock icon Tanker rates for Nov shipments likely to halt slide
      349 25 Bloomberg [LONDON] The cost of shipping Middle East crude to Asia may halt the biggest drop in two months as demand accelerates for next month's shipments. Tanker rental costs have climbed in the third week of each month in 11 out
      Bloomberg  -  349 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 25 '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 0.32 0.26 1.20 0.37 0.78 0.55 0.05
        107 words
      • Article
        Lock icon KLSE
        36 25 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.68 8.30 8.25 2.74 2.65 0.08 0.10 0.03 0.10 0.30 0.19 -0.10 -0.02 unch 17 1739 301 977 51 30 89
        36 words
      • Article
        Lock icon BANGKOK
        4 25 '00 jional lonl
        4 words
      • Article
        Lock icon HONGKONG
        6 25 '000 ioH >im jamas -ont
        6 words
      • Article
        Lock icon PHILIPPINES
        12 25 '000 )OltlZ mr -ontamer jppel lanne uncl ipel 'rop .uncl uncl
        12 words
      • Article
        Lock icon TAIPEI
        13 25 ireen larine ■irst > teams I LLPL Tan laT .ines 'ant [Tni larine
        13 words
      • Article
        Lock icon TOKYO
        12 25 '000 isal isal .isen frtsm" litsui ines lippon :xpress lippon 'usen
        12 words
    • Article
      Lock icon Logistics players facing security challenge
      459 25  -  TEH SHI NING Gap exists between user expectations, ability of 3rd-party providers SUPPLY chain security remains a key challenge for third-party logistics (3PL) players, as there still exists a gap between 3PL users' expectations and the security capabilities of 3PL providers. This is according to
      459 words
    • Article
      Lock icon PSA container traffic up by 10.5%
      97 25 Reuters [SINGAPORE] State-owned Singapore port operator PSA International said yesterday that its Singapore terminals moved 10.5 per cent more containers in the first nine months of 2008 from a year ago. The firm, which runs ports in Singapore and overseas, said on its website
      – Reuters  -  97 words
    • Article
      Lock icon STX wins 161 b won order for 2 bulk carriers
      187 25 Bloomberg [SINGAPORE] STX Shipbuilding Co, owner of Europe's largest shipyard, said it received a contract to build two bulk carriers worth 161.6 billion won (*****.5 million) from a customer in Asia. The vessels, which can each carry 81,000 metric tons
      – Bloomberg  -  187 words
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      56 25 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists The diverse experien< of some of the mo: influential thinke corporate chiefs^ and social activists of m LI I C df^C m r /M /A. y liter Ar%. J //A IF SO Raffles Conversations (t VM<s\ NW>^ AcollectionfromThe Business Times
      56 words
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  • SINGAPORE MARITIME WEEK 2008
    • Article, Illustration
      Lock icon Home away from home
      610 26 VINCENT WEE reports on the reopening of the Singapore Mariners Club Apartments THE reopening of the Singapore Mariners Club (SMC) Apartments yesterday marked the completion of a $5 million upgrade to the apartments and the Maritime House building in Cantonment Road in the port district. NTUC
      NG SOR LUAN/THE STRAITS TIMES  -  610 words
    • Article, Illustration
      Lock icon Array of schemes to train top-notch maritime talent
      779 26  -  VINCENT WEE THE maritime industry is a steadily growing one and offers good career prospects with commensurate salaries, job stability and job flexibility as well as interesting challenges for dynamic and adventurous individuals. But to keep its robust growth on track, the
      779 words
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  • AVIATION
    • Article
      Lock icon EasyJet, Ryanair expect to benefit from credit crunch
      835 27 Bloomberg Market share set to rise as travellers tighten belt by using budget airlines [PARIS] Easy Jet pic and Ryanair Holdings pic, Europe's two biggest low-cost carriers, will benefit from the current economic storm, executives at the companies say. As the credit
      – Bloomberg  -  835 words
    • Article
      Lock icon British Airways calls for freedom to consolidate
      232 27 -AP [KUALA LUMPUR] British Airways' (BA) chief yesterday called for unfettered freedom for airlines worldwide to merge, saying governments must not impose restrictions to protect domestic carriers. BA chief executive Willie Walsh said industry consolidation would be crucial to help airlines survive tough
      -AP  -  232 words
    • Article, Illustration
      Lock icon Boeing, union resume talks – under federal mediator
      476 27 Boeing, union resume talks under federal mediator Bloomberg [SEATTLE] Boeing Co and its striking machinist union have resumed talks to find a job-security compromise that would get the 27,000 employees back to work after more than a month. The two sides have sat down with a federal mediator, the International
      Bloomberg; AP  -  476 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2485 27 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,485 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      137 27 BT/ZUJI Deals of the Week BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Abu Dhabi $3,476 $1,100 $364 Etihad Airways Etihad Airways DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Bangkok $525 (Swiss International) $140 (Thai Airways) $40 Rain Brunei $1,095 (Royal Brunei Airlines) $310 (Royal Brunei Airlines)
      137 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      370 27 CRYPTIC CROSSWORD 1 'Recover'financially (8) __^J__^J__^J__^^J—^J— 5 Soldier caught in passage *^M I^^^H^l 9 Concede defeat with player I I I 10 Trying to be excellent party BH_BB__B^^^JMi-_J^H_HM__MM__ 12 Urgent appeal going round bh hh H^ t^M WU WU in the morning to get a bit _I^B^_^H 13 A confused
      370 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9148 28 Transaction date: Oct 13 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E Smil 14.5 4 3148 8Telecom 20 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 22.5 6 1938 AEI Corp 17.5 2 1100 AEM 36 13.5 2101 APOil 141 41.5 5550
      9,148 words
    • Article
      Lock icon SGX CATALIST
      2069 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 offer
      2,069 words
    • Article
      Lock icon SGX XTRANET
      62 29 _Hm Low Code Comi Sale '000) _Hh Low Bit Seller C'vr P/E $mil ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 IS S&P500 ***** ***** 6170 SPDRS 398.3 200 6009 STI ETF 3960.7 3383.1 6010 STI ETF IOPV US*****cdUS6200 US1000
      62 words
    • Article
      Lock icon CLOB INTERNATIONAL
      72 29 52-Wk Tel High Low Code Last Sale Vol Cooo] Day |h Low Last Quote Div GrYld Net MCap Buyer Seller C'vr P/E $mil Com] >an' Hii 117.9 55 6000 AVJennings 20.5 4 6134 Over&Gen 48.5 8 6017 StarCruises 283 123 6019 TanChonglnt A57 A8 IIS8.5 IIK130 -0.5 +7
      72 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8449 29 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.518/ AIGIF S'pore Bond Fund/ A 1.258/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.63/ APS Alpha Fund (USD)!* 0.43/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.7293/ APS Komaba
      8,449 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      44 28 ROYAL OAK COLLECTION WHERE EXTREMES MEET 7 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED >^$^^^^!~^^^^^^: s -;;.i^.r ~"---J "--■■if**!^' 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 -*few^i^^r-—'^^K Js' "W-^Bs^^ >V Internet: Http://www.audemarspiguet.com jj"^- '^^li!^T^^T"*^ ''^V" i '■.\t"C-j'S<^
      44 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      360 30 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct 10 World Index Preliminan 658.3 -6.3 -41.8 -6.0 -42.1 -6.8 -43.1 1 EAFE Preliminai 638.4 -7.6 -43.0 -7.6 -44.7 -8.4 -46.: Euro[ Preliminan 882.1 -7.7 -42.8 -7.7 -46.5 -8.5 -48.1 Pacific
      360 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 30 As at 9am Oct 13 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9900 1.0500 Can dollar 1.2530 1.2680 Euro 1.9920 2.0150 NZ dollar 0.8920 0.9120 Sterlini 2.5090 2.5400 US dollar 1.4650 1.4810 Local dollars to 100 units of foreign currency:
      132 words
    • Article
      Lock icon INTERBANK RATES
      176 30 Oct 13 fer Overnight 1-month 2-months 3-months Overnight mode: 1/2 ys$ 1/4 1 3/8 1 7/16 1 1/2 Offer 1/8 1 1/8 1 3/16 1 1/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 6.00 6.00 6.00 6.00 5.50 5.50
      176 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 30 Oct 13 ten Hii Sett STI SIMSCI Oct 247.9 259.5 254 Taiwan Oct 185.6 194.2 191.3 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Oct 13 Bid Offer 1-month 1.4623 1.4645 2 months 1.4586 1.4613 3-months 1.4551 1.4578 6-months 1.4471 1.4518 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      191 30 Oct 13 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Nov 08 Dec 08 JanO9 191.5 Feb 09 190.5 Mar 09 189.5 Apr 09 188.0 188.0 188.0 187.2 188.0 188.5 189.0 188.0 188.0 188.0 188.7 120 488 436 476
      191 words
    • Article
      Lock icon GOVERNMENT SECURITIES TREASURY BILLS
      92 30 Oct 13 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****T 15.01.09 1-Year BY*****N 04.05.09 1.21 1.42 1.15 1.15 1.15 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
      92 words
    • Article
      Lock icon CHICAGO BOT
      103 30 Oct 10 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 910.00 980.00 916.00 910.00 Jan 09 925.50 995.50 926.50 925.50 Mar 09 939.50 1009.50 942.50 939.50 May 09 949.75 1019.75 950.00 949.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 08 36.50 39.44 36.90 36.30 Dec
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 30 CRUDE OIL PRODUCTS Oct 10 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 76.86 -6.85 WTI (Near Mth) 79.06 -5.91 Dubai (1-Mth F) 73.12 -6.48 Tapis blend 81.70 -7.90 Minas 78.65 -6.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S2.00 92.20 -6.13 -4.60 US$/barrel Opec Oil
      77 words
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      Lock icon INTERBANK CROSS RATES
      465 30 Oct 13 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound US! Australia 0.786 4.603 0.495 5.234 32.477 66.289 0.677 8.365 2.361 1.116 53.489 31.870 0.990 6.182 0.764 21.826 23.093 0.394 0.674 Canada 1.273 5.858 0.630 6.661
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      Lock icon SIBOR
      78 30 Oct 13 IU-4) li»J 4.***** 1.***** 1 mth 2 mths 4.***** 1.***** 3 mths 4.***** 1.***** 6 mths 4.***** 1.***** 9 mths 4.***** 1.***** 12 mths 4.***** 1.***** SWAP Offer rates 1 mth 2 mths 3 mths (S$) ...1.***** ...1.***** ...1.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.*****
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      Lock icon INTERBANK CURRENCY RATES
      158 30 Oct 13 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9890 0.9909 0.6741 0.6746 Canadian dollar 1.2591 1.2608 0.8582 0.8584 Euro 1.9978 2.0005 1.3617 1.3620 NZ dollar 0.8858 0.8883 0.6038 0.6048 Sterling md 2.5114 2.5150 1.7118 1.712:
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      Lock icon PRECIOUS METALS
      133 30 Oct 13 Hong Kong London 863.00 921.70 864.00 922.70 Oct 10 Oct 09 889.10 890.85 892.10 893.85 Source: Reuters CAST BAR (SS) Oct 13 Buying Sellini Kilobar "44,261.62" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1 oz UBS Kinebar™ 99.51
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      Lock icon LONDON METALS
      70 30 Oct 10 Co iri iiuiii, yy.i (US$/tonne) Close Previous Cash 2158.50 2253.50 3 months 2215.00 2305.00 Copper, Grade A (US$/tonne) Cash 3 months 4869.50 4790.00 5375.00 5315.00 Lead (US$/tonne) Cash 1469.00 3 months 1475.00 1656.50 1664.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash
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      70 30 Oct 10 (£/tonne) Close Prev Hii ih/Low Dec 08 1362 1395 1380/1354 Mar 09 1394 1426 1413/1385 May 09 1406 1435 1425/1398 JulO9 1415 1445 1427/1409 COFFEE (US$/tonne) Close Pev High/Low Nov08 1689 1715 1724/1650 Jan 09 1751 1786 1781/1720 SUGAR (US tonne) White Close Prev High/Low Dec 08
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      Lock icon PALM OIL
      61 30 Oct 13 Delivery Month Opening Sett Av Range Price Price Hi Low Vol Open Done Position Oct08 1820 Nov 08 1790 Dec 08 1750 Jan 09 1730 Total o/p: ***** contracts 1875 1865 1816 349 1021 1845 1852 1780 1822 8660 1835 1836 1742 8428 ***** 1831 1832
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      Lock icon SGX DERIVATIVES TRADING
      280 30 Oct 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 97.2550 97.7650 97.6900 97.4700 7760 8014 7318 3911 EUROYEN TIBOR FUTURES DecO8 MarO9 JunO9 SepO9 DecO9 Mar10 Jun10 Sep10 99.220 99.265 99.310 99.225 99.160 99.050 99.000 98.955 566 635 400 221 ***** *****
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      Lock icon BONDS & WARRANTS
      2733 30 BONDS WARRANTS Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 2058 Advance Modules Grp W*****3 6 susp 2036AdvanceSCTW*****9 0.5 9092 Asia Environment W*****4 6.5 -0.5 50 4481 Asia Water Tech W*****0 18.5 3816#AsiasonsCapitalW*****7 4 8756#AsiaticGrp(H)W*****2 9.5 4105#Asiatravel W*****7 7
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      2308 31 The Business Times Shipping Times m iT-LTJUJJJI i^^L^ffrWl^iJMtfC m\\ wan hai international pte ltd K.^^ m PV K^A^^uya wKmmSfflmffiifflgSMgmillM V"vvi\ iaia v uai i iiirr te*****1588 n4lines) fax:*****163 I A«J: 11 IIINVt 11 BSRSSBBBaBSIaaSsaiIiM WnMmWf&^lKiflSfliU I Vwl WAN HAI INtS Customer Servke/Bookings Dite<l Line (1800) *****200 lllnl^tiHßKWmSltnMKfll V V PKL
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      4274 32 i|lX[l AUSTRAL ASIA LINE I WfJjM HIS H H ll ASIA AUSTRALIA SERVICE in^tlimj (,ml,im-i 1(1 (i-uHwK fhy:l H <MW H HM ■ESB^^^^^Hl^^^^EE^^^BJ^^^d^^^Kli^^^El^^^E!^^ WEEKLY EXPRESS SAILING SCHEDULE capemoreton 11A8 21/09 05/10 IMS ISM 02/11 07/11 rnmsrvmwm^infTwmrnrwsiarwisssfmiMMfmfmm CAPE PRESTON 1 Ztß IMO 06/H __U !iZL! 18/11 I PSL SERVICE Connecting AMX
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  • PROPERTY
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      Lock icon Hotel 81 developer to start new brand at Kallang Road site
      418 33  -  ARTHUR SIM By HOTEL 81-linked Citywide Land has been awarded a hotel site at Kallang/Jellicoe roads and has a new brand in the works. Caroline Choo, a director at Citywide Land and Hotel 81 Management said: "We will be
      418 words
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      Lock icon Looking high and low for space
      625 33  -  EMILYN YAP JTC is exploring new underground, aerial methods of raising industrial space Reports by INNOVATION knows no boundaries. And at JTC Corporation, it is literally scaling heights and breaking new ground. In its continuing bid to overcome Singapore's space constraints on industrial growth,
      625 words
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      Lock icon From days of muddy trails to years of factory building
      514 33 JTC celebrates 40th year of housing manufacturing here TREKKING along muddy trails, clearing land and even escaping from knife-wielding locals these adventures sound like scenes from an Indiana Jones movie, but they were all part of a day's work for
      YEN MENG JIIN  -  514 words
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      Lock icon Property can still bruise Asia's banks, economy
      951 34 Reuters Half the wealth of Malaysia, Singapore, South Korea, India tied to property [HONG KONG] Asian banks have largely escaped the worst of the global debt crisis but housing market downturns, especially in China and India, still threaten to pile up bad loans
      – Reuters; AFP  -  951 words
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      Lock icon Johnny Depp's pied-a-terre won't save Paris from property slump
      876 34 Bloomberg Tougher lending norms and rising interest rates expected to depress prices [PARIS] Faycal Fouad, a real estate agent at Century 21 Chaumont in Paris, says the global credit shortage has finally wound its way to his doorstep. "Clients are seeing
      – Bloomberg  -  876 words
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      35 33 4*r Options Master Hedge Fund I Disclaimer: Past performance is not necessarily indicative of future or likely performance I •.iimiuiiiMvm'MiiniHJ Space is availableJpr_rent immediately! 12,000 square f eel FYVI Call ANGEUNE. 1 WM8322 3226 Am
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      17 33 Ltes;, !.-^^g^S3 $25M Jones Lang LaSalle, Auction PBMfr- *r«|i W l J" ~~_ll_J llafeSa^J^^p/.T^Tititvl'l I c°m PanYR»gnd.i9Bom794d
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      160 34 Corporate Building "rriin IMaiua^^^^^^aßg^^ MBiiißB i MBI p nr t p a(!P Sprawling Good Class Bungalow IT/ 4 v* -r aJ T ,4,,tx i T > im inuornwdii usrciGns f/j^r f\\**m f ||9 Located Kaki Bukit Place "R|i| I For office showroom storage space Potential for subdivision k^y^^^^^H|||^^^pH Tender Closing
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  • DINING INDULGENCE
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      Lock icon A taste of Asia that will suit all occasions
      727 35 Whether your preference is for traditional or contemporary cooking, these outlets won't let you down KO Japanese Restaurant Intercontinental Singapore 80 Middle Road Tel: 6825-1064 Open: 12pm to 2.30pm and 6pm to 10.30pm (Mon-Sat) Price range Lunch: $45 upwards per person
      727 words
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      Lock icon Crabs crammed with roe
      415 35 Park Palace Grand Plaza Park Hotel 10 Coleman Street Tel: 6432-5543 "HOW do I love thee? Let me count the ways." Park Palace master chef Lv Zhi Ming seems to share Ms Barrett Browning's sentiments when it comes to hairy crabs. To celebrate the season for
      415 words
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      1028 35 H Altitude I B^jy Brought to you by DBS American Express® Cards Bin Dbs Altitude American Express 8 card j DBs American Express® Cards the only Cards that bring you privileges I C^J I f rom two of the best dining programs in town all-year round "^m\ <sf& Sa n
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  • Business Excellence
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      Lock icon Raising the bar to meet challenges
      1093 36 Business Excellence Awards seek to enhance firms' management systems and processes to achieve growth, competitiveness and sustainability IN RECENT weeks, the US financial crisis has affected the global economic outlook. In response to this, Singapore companies must continue to upgrade their business management capabilities
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      Lock icon An industry-driven initiative to honour 'best of the best'
      515 36 THE business excellence awards are conferred upon the "best of the best" in recognition of their attainment of world-class standards of business excellence. The awards are the Singapore Quality Award (SQA), SQA with Special Commendation, People Excellence Award, Innovation Excellence Award
      515 words
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      Lock icon Happy homes, happy workforce
      1196 37 Apart from offering affordable quality homes for Singaporeans, HDB maintains a healthier work-life balance, reports uma shaimkari IN MANY countries, public housing is a dirty word. But in Singapore, HDB flats are able to offer its residents quality lifestyles in quality buildings. "The HDB has been
      1,196 words
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      Lock icon Beyond benchmarks
      880 37  -  CHEW XIANG ONLY the third home-grown SME to earn the Singapore Quality Award, Avi-Tech Electronics Ltd is a one-stop total burn-in solutions provider to the semiconductor industry. But the arduous process is well worth the time and effort, says chief executive officer Lim Eng Hong. "The branding is
      880 words
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      Lock icon Making of a modern city-sate
      1219 39 Ability to turn dreams into reality is what sets the URA apart from other planning agencies, reports uma shaimkari IN JUST more than three decades, the Urban Redevelopment Authority (URA) has transformed Singapore's physical landscape into one that is benchmarked by others. Monocle, a leading
      1,219 words
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      Lock icon Baxter, where people make the difference
      898 39  -  CHEW XIANG THIS is Baxter Healthcare's second Singapore Quality Award the first was won in 1997 but for the local branch of the US health product giant, improvement never stops. General manager Ong Eng Chye says the most important thing is to build top
      898 words
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      Lock icon From water-scarce island to hydrohub
      995 41 The PUB story of sterling achievements and grand ambitions could be a case study in the education of water managers, reports emilyim yap "IS water the new oil?" That was the question splashed across the cover of Business Week in June. For a prominent business
      995 words
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      Lock icon For HSunpac, the key ingredient is excellent people
      963 41  -  OH BOON PING AT Hamilton Sundstrand Pacific Aerospace (HSunpac), its people-focused culture is one of three key strategies needed to achieve the vision of becoming the highest-quality, lowest-cost and most customer-focused provider of precision products. Said managing director Tony Flippo: "Our strategy
      ARTHUR LEE  -  963 words
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      Lock icon Walking the innovation walk
      919 43 Kenwood Electronics Technologies sees innovation as a key strategy to leverage on Singapore's competitive advantages, reports teh shi imiimg A VISITOR to Kenwood Electronics Technologies' (KETS) Ang Mo Kio headquarters will quickly tune in to the fact that innovation is huge in this company. There are
      919 words
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      Lock icon Size is no barrier to creativity and innovation at LTA
      778 43  -  NOOR AISHA WHILE large organisations are generally seen to be less innovative than small ones due to their limited flexibility, the Land Transport Authority (LTA) proves to be the exception to the rule. Awarded the 2008 Innovation Excellence Award a
      778 words
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      Lock icon Learning culture at McDonald's paying off nicely
      745 43  -  NISHA RAMCHANDANI IT has been said that excellence is not so much a destination as a journey, which is why it is crucial for those in the service industry to continually strive for higher standards. One such organisation that exemplifies this principle is
      745 words
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      Lock icon Putting a proper HR policy in place
      983 45 Griffin Kinetics MD tells teh shi rainiG the ways by which the firm has gone about rethinking the management of its human resource GRIFFIN Kinetics logo a green creature with a lion's body and an eagle's head and wings, poised for flight aptly
      ARTHUR LEE  -  983 words
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      Lock icon Strong HR capabilities boost business growth at THT Logistics
      672 45  -  LYNETTE KHOO By EVER wonder how much a strong HR capability can help your business? For THT Logistics, the answer is, far more than it imagined. Developing strong HR capabilities goes hand in hand with business expansion, according to the company,
      672 words
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      Lock icon HR management at SMEs gets govt boost
      398 45 IN the 2008 SME Development Survey, manpower was again identified by the small and medium-sized enterprises (SMEs) as one of the top three challenges to their growth. The survey confirmed that SMEs continue to experience difficulties in attracting, retaining and developing the right
      398 words
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      Lock icon Building up a store of goodwill among customers
      631 47 PAST WINNERS G2ooo's highly motivated staff is key to ensuring customer loyalty FOR G2OOO sales staff Lye Siew Ling, going the extra mile for a customer had the unexpected bonus of an extra $1,000 in sales at the Seiyu Bugis (named BHG
      631 words
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      Lock icon It takes heart work to look after little things
      512 47 IT'S the little things that make all the difference when it comes to hospitality which lets one feel at home. This is something that the Conrad Centennial Singapore has perfected to a fine art. From its now-trademark complimentary teddy bear that
      512 words
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      Lock icon ST Engg scales fresh heights of excellence
      600 47 CONSTANT vigilance is vital not only to a country's peace and prosperity, but also to the continuing excellence of a company's business systems. This is exemplified by integrated engineering company Singapore Technologies Engineering Ltd's (ST Engineering) pacesetting feat of clinching the Singapore Quality
      600 words
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      Lock icon Leveraging human capital for biz growth
      878 49 MIRANDA LEE and PAULETTE LIRIO discuss the importance of effective human capital management as a key success factor for SMEs in Singapore THE Small and Medium Enterprises (SME) sector has grown in recent years to be a key driver of the robust Singapore economy.
      REUTERS  -  878 words
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      Lock icon Innovation makes Philips the winner in home theatre
      436 49 PAST WINNERS PHILIPS believes in making sense for its customers in today's world. It has an innovation culture that values simplicity and it is precisely this commitment to simplicity that won Philips Audio Video Multimedia the Innovation Excellence Award in 2006. In
      436 words
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      Lock icon Paving the way to excellence ... the SME way
      439 49 Paving the way to excellence the SME way TECKWAH Industrial Corporation Ltd embarked on the business excellence journey back in 1997 when it achieved the Singapore Quality Class certification. It was one of the first companies to receive this certification. It took this homegrown company almost 10 years, but succeed
      439 words
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      176 38 PEOPLE-FIRST CULTURE SERVICE LEADERSHIP /T "McDonald's is a people company serving Since 2004, over 1,800 McDonald's employees (A^ hamburgers, not a hamburger company and 3 SuperStar winners have received SERVICE serving people." Excellent Service Awards. X^ L.LE^C^ Ray Kroc, McDonald's Founder a w a k d 2008 WINNER 2008 Service
      176 words
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      52 40 v— j^d NEWater Ik PURE lew rune Deep m M i*£ Tunnel AB J^ >^ Desalination SINGAPORE flrSlfll flTdl#l HflirC4T/d quality AWARD /niUneM- excellence m3Mj^ W^^XX^33M^^L E^^^^^y^^^^^^ 2008 winner *fe-» C^ PUB \\^> v v SERVICE EXCELLENCE PEOPLE DEVELOPER V CLASS y AWA R D S NC .> O E
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      196 42 CkmmmmL Z> I 9f Innovation X>^ I 3 EXCELLENCE Cy^ilNGAPORE INNOVATION AWARD I. QUALITY CLASS c L A s s 2008 WINNER I <«■ Ifaj fir W^'/'^m\\ tyM Te I VI mmmt W mWQrt F*WL Ul if fl^^^H I wi mm W'^mrnm B.^L/J- i.m 1 L ,T ■[■!«> B^^^^^H I
      196 words
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      99 44 'SJb r v^^. i iKn2V\\■vVj^^^^^^^iill1 i^^ '"»«»ce Thro" 9 ■j% Hamilton Sundstrand A United Technologies Company Hamilton Sundstrand Pacific Aerospace is proud to be the first manufacturing company to be awarded the #^6^i^% People Excellence Award by SQA Governing Council. This prestigious recognition affirms our relentless Jfo^^A commitment to Achieving
      99 words
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      557 46 J^ ■B^l|L I f U I U LandTransport^Authority ON INNOVATION For its unwavering commitment to innovation, the Land Transport Authority is proud to receive the Innovation Excellence Award Pivotal to its goal of developing a people-centred To date, LTA innovations such as LTA PROMPT, On winning the Innovation Excellence Award,
      557 words
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      183 48 Urban J& Redevelopment SINGAPORE va Authority ssswi 2008 WINNER Honoured to be awarded the 1 I BU^Bfe jSB^fc MMmW 7^5^^^cH >-^^bbbb^^^^___ AW. ~w JE^ ■■■'*m mmmu^mmL I it«, .-^2 Where our future is Gr&cU (^tH^€ionsi^Us 4(MhC Lyur& With the mission "To make Singapore a great city to live, work and
      183 words
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      57 50 ...rx2d X *w -^w Jam 1 > —-LB fNCIHeiMHCStItVtCfS H |SL MANUFACTURINC F»-|~E LTD o -i- «i i_i A One Precision Engineering Re Ltd 3iD Technology Trading Pte Ltd S& ik tKETECA )LJL otaMAqu^nnud (LxTStT^SV'S S c ?-Sif g ?J a S5~-a& The World Depends on Sensors and Controls SAC
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      351 51 HDB is the Proud Winner The 2008 Singapore Quality Award with Special Commendation "Being the only winner of the 2008 Singapore Quality Award (SQA) with Special Commendation is indeed a resounding affirmation of HDB as a global leader in public housing and our standards of excellence. Over A the years,
      351 words