The Business Times, 17 October 2008

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Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •■f* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Friday, October 17,2008
    23 words
  • Article, Illustration
    Lock icon Swiss bailout for UBS dilutes GIC stake
    753 1  -  CONRAD TAN By [SINGAPORE] Switzerland's government yesterday announced a sweeping rescue of its entire banking sector, including emergency cash infusions from the public purse for its biggest bank and a toxic-asset dump for removing troubled assets from banks' balance sheets. ÜBS, the country's
    REUTERS  -  753 words
  • Article
    Lock icon Bank deposits get govt seal of guarantee
    644 1  -  SIOW LI SEN Singapore ensures level playing field for its institutions; M'sia gives similar assurance By [SINGAPORE] The Singapore government will, with immediate effect, guarantee all Singapore dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant
    644 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      47 1 lursi lam 1 COMP 920.02 -29.86 IIKKEI225 8,458.45 -1,089.02 1ANG SENG 15,230.52 -767.78 ;et index 477.73 -3.77 JAKARTA COMP 1,463.25 -57.16 1ANILA COMP 2,122.37 -116.04 ;eoulcomp 1,213.78 -126.50 ;henzhenb 255.07 -1 3.46 IUMBAI IND 10,581.49 -227.63 12N00N EDT Cham )OW 8,421.48 -156.43 IASDAQ 1,614.87 -1 3.46
      47 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
      42 1 IS$ (S$ per US$) 1.481 (USS/SS )er 1.723 2.551 :URO (US$/S$/E) 1.342 1.988 Foreign currency per US$ S$ 'EN 100.40 67.80 3.528 2.383 IK$ 7.757 5.238 !AHT 34.31 23.17 lUPIAH 9,865 6,662 1ENMINBI 6.831 4.613 INDIAN RUPEE 48.69 32.88 1.486 1.004
      42 words
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      35 1 8 *****1 *****4 Les Amis unabashedly fT^ seeking stars "liL The one business seemingly resilient to the economic slowdown mil EXECUTIVE LIFESTYLE PAGE 32 H 1 V /ill H i V 0 St^^^jSP^1 __^^B ■2Tflw*«v
      35 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      42 1 THE FINAL WINE FOREIGN LISTINGS BE INSPIRED I —I DEBATE Spanish wines Call to review Zap for daily inspiration. Economic issues take 1 have arrived regulatory regime Win a Nikon Digital centrestage page 19 J( page 35 page 25 Camera! page 21
      42 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon A black mood seizes markets worldwide
      719 2  -  CONRAD TAN Gloomy outlook for major economies sends equities into violent tailspin By [SINGAPORE] Stocks in Asia went into free-fall yesterday as gloom replaced hope and more banks in Europe turned to governments for funding. ÜBS, Switzerland's biggest bank, received nearly US$6O billion in
      AP  -  719 words
    • Article
      Lock icon World Bank denies commitment to Asia crisis fund
      402 2 -AP Manila clarifies Arroyo remark, says talks preliminary [MANILA] The Philippine trade secretary said discussions among Asian finance officials on a regional bailout fund were only preliminary after the World Bank yesterday denied committing to any such initiative. Trade Secretary Peter Favila
      -AP  -  402 words
    • Article
      Lock icon E3, Sinomem unit may be facing corporate governance issues
      443 2  -  CHEWXIANG By [SINGAPORE] Two more companies with principal operations in China may have stumbled over corporate governance issues. Yesterday, Catalist-list-ed E3 Holdings, which is developing a three sq km plot of land in Jilin province in China into oil and chemical
      443 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon S'pore bank deposits get seal of guarantee
        50 2 WITH its neighbours and competitors all blaring out their guarantees on bank deposits, Singapore decided not to put its own financial institutions at a disadvantage. The government yesterday announced it was guaranteeing deposits at all banks, local and foreign, operating here. FRONT PAGE
        50 words
      • Article
        Lock icon A black mood seizes markets worldwide
        51 2 STOCKS in Asia went into free-fall yesterday as gloom replaced hope and more banks in Europe turned to governments for funding. Japan's Nikkei-225 index was the biggest loser in the region yesterday, plummeting 11.4 per cent by the end of trading. TOP STORIES, PAGE
        51 words
      • Article
        Lock icon High volatility makes it tough to hedge oil
        60 2 THE heightened volatility in oil prices with the New York benchmark plunging on Wednesday to a 13-month low of US$73 a barrel, or half of July's peak of over US$l47 is making it harder for big consumers such as refiners, airlines and
        60 words
      • Article
        Lock icon Analysts maintain 'sell' call on SGX
        63 2 ANALYSTS largely maintained their "sell" calls on the Singapore Exchange after it reported a 35 per cent plunge in its first-quarter earnings on Wednesday. According to Bloomberg data, 10 houses that had issued reports following the latest results reported an average target price of
        63 words
      • Article
        Lock icon Fund managers pessimistic in Oct survey
        57 2 A SURVEY of fund managers reported new records in pessimism in terms of the extent of cash overweights and equity underweights, raising the question of whether capitulation is complete. Fund managers have lost faith in global growth, commodities, China's economy and emerging markets, according
        57 words
      • Article
        Lock icon Latin American GDP sinks with commodities
        72 2 LATIN America's plunging commodities and fleeing investors are putting an end to the fastest period of economic growth in the region in more than three decades. Currencies are plummeting, with the Chilean peso falling the most in 19 years against the US dollar on
        72 words
      • Article
        Lock icon M'sian growth seen falling to 3.4% in 2009
        44 2 MALAYSIA'S economic growth is expected to slip to 3.4 per cent next year, possibly slipping into a technical recession in the second or third quarter, according to an independent economic think tank yesterday. MALAYSIA, PAGE 16
        44 words
    • Article
      Lock icon Wall St sees gloom on the other side of the rainbow
      953 2  -  ANDREW MARKS Stock plunge looks like over-reaction to awful data for Sept By in New York IT didn't take long for Wall Street to put away its party hats. Within 48 hours of Monday's massive relief rally in the
      953 words
    • Article
      Lock icon High volatility making oil hedging tough
      594 4  -  RONNIE LIM Big oil consumers also face problem of fewer counterparties By [SINGAPORE] The heightened volatility in oil prices with the New York benchmark plunging on Wednesday to a 13-month low of US$73 a barrel, or half of July's peak of over US$l47 is
      594 words
    • Article, Illustration
      Lock icon EU vows to step up lending to industry
      599 4 US, Europe prepare for 'refoundation of capitalism' summit [BRUSSELS] European Union leaders yesterday pledged to step up lending to industry, dropping the first hints that they may be forced to stimulate the economy as the worst financial crisis in 80 years threatens
      REUTERS  -  599 words
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      58 words
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  • Page 4 Advertisements
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      230 4 I Franchising Licensing Asia ***** B^^^^^^^g^J Exhibition Conference M 16-18 October 2008,10.30 am 6.30pm M Suntec Singapore, Level 4 m Singapore Pavilion at FLAsia 2008 brings you I Leading Brands, Successful Franchises, m m Best Investment Business Opportunities m I from a wide spectrum of industries: I x- Education Training
      230 words
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      33 4 I LOCK+STORE] 1800 370 3737 CE R R U Tl LUXURY Da Vinci Luxury, 10 Tanglin Road Tel: +65 6738 6333 DA VINCI COLLECTION 191 Upper Bukit Timah Road Tel: +65 6468 6333
      33 words
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      952 5 JbL «r M «F f BVB B. B |vV K3mEI I E^bbE£(M k A 0 V S •vl m W- Wr%. W BOW bLp Braw MtW lot^^ll J' I jfl mMm mM m^r tSH^F^ 1^» b^bih^^^^hbb ~h^P^^^^tßßßß 1^ ~h^w^Bv* i I bbb^^"l B** HJoB3S^^^~ Bab* Bib C '^M us*Vr iß^KMJfltfMtf^^HjßtjlM^^^i^i^^^iL.
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon The selling continues in full force
      594 6  -  R SIVANITHY STOCKS STI hit by yet another three-digit loss on fund redemptions and loss of confidence in equities ANOTHER day, another pounding. The selling continued with renewed ferocity yesterday, supposedly brought on by worries about the coming slowdown that led to Wall Street
      Bloomberg  -  594 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      93 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 12 1 0 0 0 3 12 1 lanufacturing 19 116 46 13 12 23 129 58 Commerce 41 16 13 48 17 )t/Stor/Comms 31 32 ■inance 32 32 instruction 15 18 'roi lerties 29
      93 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      107 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 35,380 35,380 131,129 131,129 lanufacturing 471,311 30,922 502,233 220,324 775 221,099 lommerce 93,656 9,037 102,693 82,139 1,471 83,610 'pt/Stor/Comms 184,468 115 184,583 293,586 14 293,599 :i nance 48,713 48,713 408,690 408,690 lonstruction 23,614 8,490 32,104 2,512 359 2,871 'roperties
      107 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 6 lapitaLand 2.800 -0.080 lapitaMall 2.040 +0.040 jtyDev 6.980 -0.540 losco Corp 0.815 +0.020 IBS Grp 13.840 -0.760 :&N 2.910 -0.200 Sent Intl 0.400 iolden Agri 0.205 -0.015 IK Land 2.690 -0.160 IMH 21.500 -2.500 ISH 10.860 -1.120 lardineC&C 11.120 -0.880 Ceppel Corp 5.270 -0.460 Ceppel Land
      105 words
    • Article
      Lock icon BROKERS' TAKE
      891 6  -  CONRAD TAN Property Sector OCBC Investment Research, Oct 16 RECOVERY in September volume after Hungry Ghost month: After a quiet month in August, launches and transaction volume of non-land-ed properties (NLPs) recovered month-on-month (m-o-m) in September but the recovery was weak compared to June and July. The number
      891 words
    • Article, Illustration
      Lock icon Stocks rout bashes currencies again
      534 6  -  LARRY WEE CURRENCIES WALL Street stock indices suffered their largest oneday percentage fall since the dark days of 1987 in Wednesday trading, causing more sharp losses on the currency side. And, once again, it was the Japanese yen and the US dollar that emerged as
      : Reuters  -  534 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 6 Oct 16 VALUE CLOSE BT OB/OS -1726.00-361.00 BT CADI -*****.00-301.00 BT 10-day MA -*****.00-173.00 FTSE ST Mid Cap 385.70 -19.07 FTSE ST Small Cap 313.00 -12.64 FTSE ST All Share 464.49 -24.83 FTSE ST China Top 160.03 -9.75 FTSE ST China 162.24 -8.88 UOB Catalist 83.53 -3.14
      60 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME JiutianC 139,616,000 Golden Agri 77,015,000 Cosco Corp 61,907,000 Sing Tel 60,970,000 SembMar 47,078,000 Yanqzijianq 40,008,000 China Honqxinq 34,925,000 Noble Grp 32,280,000 Olam 27,775,000 Capita Land 22,606,000 VALUE(S) DBS Grp 200,605,540 Sing Tel 152,720,590 Keppel Corp 93,660,610 SembMar 83,716,093 UOB 71,430,940 SGX 68,070,860 Capita Land 60,395,180 OCBC
      60 words
    • Article
      Lock icon RISES
      98 6 CLOSE UP STI3300BNPePW*****0 139 27.0 24.1 STI 2350 DBePW*****2 100 21.5 27.4 STI2700BNPePW*****7 157 20.0 14.6 STI2450 DBePW*****1 104 19.0 22.4 STI 2500SGAePW*****9 122 17.0 16.2 STI2500BNPePW*****7 115 15.5 15.6 DBSDBePW*****2 73.5 15.0 25.6 STI2350BNPePW*****0 91 14.5 19.0 DBS RB ePW*****3 79.5 14.0 21.4 STI2250 DBePW*****2 77.5 11.5 17.4
      98 words
    • Article
      Lock icon FALLS
      107 6 CLOSE DOWN 2150-370.0 -10.4 JMH JSH 1086-165.7 -9.3 GLD 10US$ 8226-145.0 -1.2 OCBC Bk5.1%NCPS 100 9200-140.0 -1.5 UOB 5.05%NCPS 100 9220-130.0 -1.4 China H 10US$ 938-118.4 -7.9 CIMBAsean40 100US$ 537-100.6 -11.2 Jardine C&C 1112 -88.0 -7.3 OCBCO 5.1%NCPS 100 9100 -86.0 -0.9 OCBC Bk4.5%NCPS 100 8450 -80.0 -0.9 BY
      107 words
    • Article
      Lock icon CURRENCIES
      86 6 Wh lere i S$ stands Oct 16 %CHNG CLOSE FR0O15 YR2008 S$ LOW S$ HIGH uss 1.4802 -0.71 1.4850 1.3457 Euro 1.9937 0.18 2.2064 1.9750 Pounds 2.5544 0.47 2.8431 2.4874 AS 0.9988 2.28 1.3251 0.9389 Yen* 1.4728 -1.35 1.5091 1.2619 Rupiah* 0.***** 0.36 0.***** 0.***** Baht* 4.3180 -0.24 4.4299
      86 words
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  • COMPANY NEWS
    • Article
      Lock icon Analysts maintain 'sell' call on SGX
      460 7  -  CHEW XIANG They cite bearish market, the global crisis; set average target price at $5.56 By ANALYSTS largely maintained their "sell" calls on the Singapore Exchange after it reported a 35 per cent plunge in its first-quarter earnings on Wednesday. And OCBC Investment Research,
      460 words
    • Article
      Lock icon $1b sales from Mid-East projects: CapitaLand
      341 7  -  ARTHUR SIM By CAPITALAND has made about $1 billion worth of sales in two projects in the Middle East. In a statement yesterday, the company said that it had sold 849 units out of a total of 1,559 units in the two developments since
      341 words
    • Article
      Lock icon Managers pessimistic in Oct survey
      396 8  -  GENEVIEVE CUA FUND VIEW They believe world is in recession, monetary policy is too restrictive Reports by A SURVEY of fund managers reported new records in pessimism in terms of the extent of cash overweights and equity underweights, raising the question of whether capitulation is
      396 words
    • Article, Illustration
      Lock icon Less leverage shielding Asian hedge funds from distress: UBS
      718 8 They could see redemptions of 10% to 40%, it says ASIAN hedge funds are relatively shielded from the distress that their counterparts in developed markets are weathering, thanks to their use of "far less" leverage, said ÜBS head of prime services
      718 words
    • Article
      Lock icon Yellow Pages withdraws offer for Cityneon
      395 8  -  CHEW XIANG By YELLOW Pages last night threw in the towel in a bidding war for exhibition services firm Cityneon and said that it would accept a rival 61 cent a share offer from Malaysia's Star Publications. The directory publisher, which owns 39.2 per
      395 words
    • Article, Illustration
      Lock icon Four S-share firms clarify net cash positions
      656 10  -  LYNETTE KHOO JES International, Sino Techfibre, China Hongxing, Synear give updates By RECENT market woes triggered by the insolvency of FerroChina and a full-year net loss at Bio-Treat for fiscal 2008 have pushed other Singapore Exchange (SGX) listed Chinese firms or S-shares into
      STOCKXPERT  -  656 words
    • Article
      Lock icon BH Global Q3 net profit rises 3% to $5.09m
      240 10  -  NISHA RAMCHANDANI By SUPPLY chain management company BH Global Marine, which specialises in equipment for the marine and oil and gas industries, has posted a 3 per cent increase in net profit to $5.09 million for the third quarter ended Sept
      240 words
    • Article
      Lock icon KTL Global takes 57.5% stake in winch-making venture
      339 10  -  OH BOON PING By OIL and gas rigging equipment supplier KTL Global has formed a joint venture to design and manufacture winches for the marine and offshore industry. It said on Wednesday that it would take a 57.5 per cent share in
      339 words
    • Article
      Lock icon Falling rents may take shine off S-Reits
      700 10  -  UMA SHANKARI SINGAPORE-LISTED real estate investment trusts, or S-Reits, are now finding favour with analysts. UOB Kay Hian, for example, upgraded the S-Reit sector from market weight to overweight earlier this month due to the "overwhelmingly attractive" yield spread. JPMorgan similarly said in
      700 words
    • COMPANY BRIEFS
      • Article
        Lock icon NZ telco quits group bidding for Aussie job
        61 10 Bloomberg NEW Zealand's Telecom Corp has withdrawn from a Sing Tel-led group that is bidding to build Australia's high-speed Internet network, undermining the tender's chance of success. Telecom's AAPT unit, the Terria group's second biggest member, pulled out after deciding not to
        ■ Bloomberg  -  61 words
      • Article
        Lock icon GuocoLeisure's Q1 profit up 23.8%
        41 10 GUOCOLEISURE Ltd, part of the Hong Leong group, yesterday posted a 23.8 per cent increase in first-quarter net profit to US$l7.7 million. Turnover for the period ended Sept 30 fell 29.4 per cent to U*****.6 million.
        41 words
      • Article
        Lock icon Nera Telecom's earnings slip 38.7%
        43 10 NERA Telecommunications Ltd reported yesterday that its net profit fell 38.7 per cent to $1.86 million for the three months ended September. Turnover fell 22 per cent to $34.39 million due to lower sales in its telecoms segment.
        43 words
      • Article
        Lock icon Li Heng sees falling sales and prices
        61 10 Reuters NYLON firm Li Heng Chemical Fibre said yesterday that the financial crisis is starting to bite, as customers ask for lower prices and longer credit. Chief financial officer John Chan expects the industry's sales to fall 10 per cent this fiscal year
        – Reuters  -  61 words
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      119 8 B/ for If THIRD AGE congratulates J 8?^ 8! Sing Health on winning the 2008 AARP International Innovative Employer Awards! Our heartfelt appreciation to the following organisations for supporting the Awards m Singapore •fvaaivs^! ntUC SNEF WDAilr- J National Trades Union Congress We thank all the employers who have participated
      119 words
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      293 9 if j,, f v > JH an. ulie delivery ai LlLeir new uimaimi1 VrVIH AAr* m QQiib/vA piiJr'k&Ui'di'B oi the ye^el: ri. 'U ii 1- Owner .^/eylige Marine Geryice^ Pie Lid k^ '^jffi^ r" CluaalElea-ticm BVI HrjLL iVJACtJ OiV l^fjfim (E;<iremeJ 17.32 k JJeptliiVloLilded 9.00 With compliments from: I Vitol
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      1198 10 A MATS 13^ E3 HOLDINGS LTD (Incorporated in Singapore) E3 HOLDINGS LTD Company Registration No. *****5255E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of E3 Holdings Ltd will be held on 4 November 2008 at 190 Ang Mo Kio Avenue 8, Singapore *****6
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      113 10 rWi /^3^ Reward MR f&fMj Yourself l^-J 7 Hotel Re! Boardroom limited Re! Vitalize I Hotel Ref FULL XBRL REPORTING L 9 1 for 1 Rcon? Stay We have the solution r '"""I'll RefFiii^ |l| I I Hotel Re! Simply provide us with your audited accounts and enjoy: <g -g
      113 words
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      437 11 A signature development of ISlUS>\|>\Y/\. www.nusajayacity.com A million-ringgit view, up to seven rooms, and a porch for your S-Glass, Cayenne and G3O. KHl^ I- SuH .m "'J y Ijtl S 1 I Nfffi The Resort Bungalows at Tranquility Park, East Ledang. Isn't it great to be so well recognised and
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S'pore firms need to do more to protect data: E&Y
      647 12  -  AMIT ROY CHOUDHURY One-third do not review or assess how contractors are protecting their info By A GLOBAL survey shows that Singapore organisations need to take steps to safeguard information even when it has left the protection of their own
      647 words
    • Article
      Lock icon A*Star to allow Sheffield students on attachment here
      274 12  -  CHEN HUIFEN By IN a move to attract more research scientists to Singapore, A*Star has signed a pact to allow students from UK's University of Sheffield here on a two-year attachment. The attachment, part of their PhD training programme, will cover biomedical
      274 words
    • Article
      Lock icon Tony Tan receives AustCham medal
      223 12  -  NISHA RAMCHANDANI By SINGAPORE Press Holdings chairman Tony Tan has been awarded the Australian Chamber of Commerce (AustCham) president's medal 2008 for his contribution to Singapore-Australia business and trade relations. Dr Tan, who is also deputy chairman and executive director of the Government of Singapore
      223 words
    • Article, Illustration
      Lock icon CFOs enjoy another night of camaraderie at BT's CFO Nite
      339 12  -  LEE U-WEN By WHAT could be better than a night of fine wine, good food, rekindling old friendships and forging new ones and, above all, just having a good time with great conversation thrown in? That was how more than
      YEN MENG JIIN  -  339 words
    • Article
      Lock icon Chinese chamber members feel pinch of credit crisis, high costs
      214 12 SINGAPOREAN businesses are feeling the pressure to reduce business costs more than ever, according to a survey of Singapore Chinese Chamber of Commerce and Industry (SCCCI) members. Some 80 per cent of respondents indicated the pressing need to reduce business
      214 words
    • Article
      Lock icon RSIS launches trade research unit
      200 12 A NEW policy research centre for international trade negotiation and economic development was officially launched last night. The Temasek Foundation Centre for Trade and Negotiations (TFCTN) of the S Rajaratnam School of International Studies (RSIS) at Nanyang Technological University was set up with an initial
      200 words
    • Article, Illustration
      Lock icon All ships should follow emission standards: IMO
      495 12  -  VINCENT WEE By REDUCTIONS in carbon emissions agreed to by the International Maritime Organization should apply globally to all ships no matter what flag they fly, IMO sec-retary-general Efthimios Mitropoulos said here yesterday. He was speaking at the second Singapore Maritime Lecture, where
      ARTHUR LEE  -  495 words
    • Article
      Lock icon BT sees readership rise, ST remains top paper
      332 12  -  TEH SHI NING By THE Business Times saw its readership shoot up last year, according to the 2008 Nielsen Media Index. Some 4,717 people here aged 15 and over were surveyed and, based on the sample, BT's daily readership rose to 108,000
      332 words
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      223 13 /fi^ m#% ■V N m 't X t FP- '> s] glfg I NIB LG (th) BENG HWA BUILDERS PTE LTO I||J UNIVERSAL AKITEK Commercial Air-Conditioners "T=TT[^ tf &4s C> MO7ORIVAVSS/IA/GyOWG nnn bDb HM 3gTTTB CHEAP BEAUTY TEAK PARQUET PTE- LTD- ssan^ng Sole Distributor Designate Ltd Berker Sw"ches and Systems
      223 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Latin American GDP sinks with commodities
      641 14 Bloomberg Growth forecasts cut, currencies plummet stocks and bonds fall [SANTIAGO] Latin America's plunging commodities and fleeing investors are putting an end to the fastest period of economic growth in the region in more than three decades. From the Rio Grande to Tierra del
      Bloomberg; REUTERS  -  641 words
    • Article
      Lock icon Russia keeping financial crisis under lid
      476 14 -AP Media stays silent on stock market plunge, empty grocery shelves [MOSCOW] Talking to Russians on the street, you'd be forgiven for thinking that there was no economic crisis. TV channels gloss over the subject and state news agencies are under orders to avoid
      -AP  -  476 words
    • Article
      Lock icon Protectionism no big threat: analysts
      377 14 Reuters But recession will certainly slow trade liberalisation [WASHINGTON] Hard lessons from the Great Depression make it unlikely that countries will shut down trade to save jobs if the financial crisis turns into an ugly worldwide recession, but trade liberalisation could slow, analysts say. US
      – Reuters  -  377 words
    • Article
      Lock icon US retail investors snap up California note sale
      315 14 Reuters [SAN FRANCISCO] California has sold US$3.4 billion, or nearly 86 per cent, of the US$4 billion in revenue anticipation notes it began offering on Tuesday to retail investors, the state treasurer's office said on Wednesday. As of Wednesday afternoon, retail investors
      – Reuters  -  315 words
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      214 14 PUBLIC FORUM '^l^4w m m the business times a bbb^*^ Itf^ Subscribe to The Business Times AdVanCeS 111 -w Weekend and win one of our Tiicl-rkmicoH I A<UK :^*^Bi iQMldt Desirables! \^LJ^l^JI l^ltTtLJ LM^IIV THE HEARTBEAT OF THE INDIAN COMMUNITY by Dr. Jerry Tan FYrlllQhlP AGSfk |iiyjJi^j|J3H^ElflullyJa«l!H!l flerview: V^- fP
      214 words
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      271 15 Com Chest Green <^=^ ,/^^r Changing lives COMMUNITY CHEST 2< Labrador Park I I I Official Opening by Senior Minister Goh ChokTong I on 17 October 2008 with the following community partners: H Wf M Diamond Partners I (8 Fair Price M^^^ NTUC Fair Price Foundation believes in caring and
      271 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon M'sian growth seen falling to 3.4% in 2009
      621 16  -  PAULINE NG Impact of global financial turmoil will be more severe than '98 crisis: think tank By in Kuala Lumpur MALAYSIA'S economic growth is expected to slip to 3.4 per cent next year, possibly slipping into a technical recession in the second
      : I AFP  -  621 words
    • Article
      Lock icon MMC may win USssb Saudi water, power deal
      540 16 [KUALA LUMPUR] Infrastructure group MMC Corp Bhd is in the running to win a US$5 billion independent water and power project (IWPP) in Saudi Arabia, says a report in Malaysia's Business Times yesterday. Director and CEO Hasni Harun said MMC is part
      540 words
  • Page 16 Advertisements
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      287 16 I The pick of the bunch for Brunch A, j^ VV i^LW i..mmJ Brunch at Oscar's and put some bite back in B your Sunday. Savour style and substance at one GIVE IN TO TEMPTATION WITH L f* if^ of the best brunches in town. Graze amazingly M SUNDAY BRUNCH
      287 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China weighs measures as credit crisis hits growth
      713 17 Reuters Data due next week will likely show GDP growth fell below 10% in Q3 [BElJlNG] China needs to be ready with measures to cushion the impact of the global credit crisis on the world's fourth-largest economy, senior officials said yesterday. China
      – Reuters; AP  -  713 words
    • Article
      Lock icon India funds sell 77b rupees of debt as investors pull out cash
      371 17 Bloomberg [MUMBAI] Indian mutual funds have sold a net 77.2 billion rupees (552.3 billion) of debt this month, the most this year, to meet redemptions from investors worried by the impact of the global credit crisis and a
      – Bloomberg  -  371 words
    • Article
      Lock icon Taiwan's 'god of mgt' dies at age 91
      353 17  -  JASON TAN Formosa Plastics' Wang Yung-ching a legendary figure in Taipei FORMOSA Plastics Group founder Wang Yung-ching, dubbed "Taiwan's god of management", has died, aged 91. A legendary figure in Taiwan business and a household name here, Mr Wang died in his
      353 words
    • Article
      Lock icon ICBC opens branch in New York
      162 17 -AFP [SHANGHAI] China's largest bank yesterday said it has opened its first branch in the United States on Wall Street as it seeks to expand its international business amid global financial turmoil. Industrial and Commercial Bank of China (ICBC) said the branch, which opened
      -AFP  -  162 words
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  • WORLD
    • Article, Illustration
      Lock icon Citigroup's US$2.8b loss in Q3 makes 4th in a row
      670 18 AP, Bloomberg Bank axes 11,000 jobs, sheds USssob in assets during quarter [NEW YORK] Citigroup suffered its fourth straight quarterly loss due to cred-it-related missteps. The New York-based bank said yesterday that it lost US$2.B billion, or 60 US cents
      AP, Bloomberg; AFP  -  670 words
    • Article
      Lock icon Mortgage-linked charges widen Merrill's Q3 loss
      380 18 AP, Reuters Bank loses USss.2b compared with USs2.2b in Q3 2007 [NEW YORK] Investment bank Merrill Lynch Co said yesterday its thirdquarter loss widened as it took more than US$l2 billion in charges and writedowns tied to the sale of mortgage investments and fallout
      – AP, Reuters  -  380 words
    • Article
      Lock icon Oil falls to 13-mth low on recession fears
      438 18 Reuters [LONDON] Oil was weaker after falling for a third straight session yesterday to touch a new 13-month low near US$7l a barrel. Crude has dropped more than 50 per cent from a July peak above US$l47 a barrel, as fears of
      Reuters  -  438 words
    • Article, Illustration
      Lock icon Happy Danes find trust is the key
      516 18 Reuters [COPENHAGEN] In times like these, no one is immune to depression. But surveys show the Danes are the happiest people in the world, and a core factor is a quality in global short supply trust. From Erasmus University's World Database of Happiness
      – Reuters  -  516 words
    • Article, Illustration
      Lock icon Untitled
      4 19 Source: Photos: :AP; :AFP
      :AP;; :AFP  -  4 words
    • Article
      Lock icon McCain slams Obama over class warfare
      725 19 AP, NYT, LATWP Republican candidate came out fighting in final debate but the Democrat emerged relatively unscathed [HEMPSTEAD, New York] John McCain, needing to re-ignite his faltering presidential campaign, accused Barack Obama in their final debate of waging class warfare with his tax plans
      AP, NYT, LATWP  -  725 words
    • Article, Illustration
      Lock icon eßay beats forecasts, posts US$492m profit in Q3
      527 19 -AP [NEW YORK] eßay posted a third-quarter profit that beat analyst forecasts on Wednesday, but its lo-wer-than-expected fourthquarter outlook indicated that the online auction site operator is not immune to the slowing economy. The company's shares fell 58 US cents, or 3.8
      -AP; AP  -  527 words
    • Article
      Lock icon Food and drinks sector healthy for now
      368 19 Reuters [LONDON] World stock markets may have plunged, economies are slowing and bankers have lost their jobs, but consumers' appetite for Cadbury chocolate, a Peroni beer or Johnnie Walker whisky is undiminished, for now at least. As three of Europe's biggest food and
      ■ Reuters  -  368 words
    • Article
      Lock icon French F1 race cancelled due to financial reasons
      426 19 Reuters [PARIS] The 2009 French Formula One Grand Prix has been cancelled for financial reasons, organisers said on Wednesday. "For economic reasons, the FFSA (French Motorsport Federation) has decided to cancel the (2009) French Grand Prix," said a statement posted on the
      Reuters  -  426 words
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      1093 18 V<27 rT/A^FTinrr Tollfree:1800-289-8822 W IVI I I k( V Email: notices@sph.com.sg J_ V^>/ J_ J_ V_> 1> kj www.cats.com.sg TndoAqri INDOFOOD AGRI RESOURCES LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****6551G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Indofood
      1,093 words
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  • GLOBAL FINANCIAL CRISIS
    • Article, Illustration
      Lock icon Untitled
      112 20 'This 500 billion euro rescue plan is about protection of citizens, not the protection of banking interests.' German Chancellor Angela Merkel 'Tuesday's move by the Fed, Treasury and FDIC is clearly a move in the right direction for the US markets; however, it is not such a panacea solution that
      112 words
    • Article, Illustration
      Lock icon SEC extends short-sale disclosure rule to 2009
      433 20 -Reuters Move gives agency time to solicit public comment and fine-tune details [WASHINGTON] Big investors will be required to disclose their short positions to the US Securities and Exchange Commission under an interim final rule issued by the SEC on Wednesday night. The
      -Reuters; :AP  -  433 words
    • Article
      Lock icon AIG threatened with suit over bonus, expenses
      628 20 Bloomberg [NEW YORK] New York at-torney-general Andrew Cuomo is investigating "unwarranted and outrageous expenditures" at American International Group, which received a US$B5 billion federal bailout last month. In a letter to AlG's board of directors, Mr Cuomo demanded the company stop "extravagant" expenditures
      Bloomberg  -  628 words
    • Article, Illustration
      Lock icon Asia better prepared since '97 crisis: economists
      559 20 -AFP [JAKARTA] Painful reforms launched amid the maelstrom of the 1997-1998 Asian economic downturn have put the region in good shape to weather the much deeper crisis now gripping global markets, economists said. Indonesia, South Korea and Thailand were at the centre of
      -AFP; :AFP  -  559 words
    • Article
      Lock icon China's small banks face tough times
      621 20 Reuters [HONG KONG] With signs of cracks appearing across China's credit system, concerns are growing that the country's banks may be ill-equipped to handle a drop in the Chinese economy. Corporate collapses and defaults in the last few weeks, together with a tightening interbank
      – Reuters  -  621 words
    • CRISIS WATCH
      • Article
        Lock icon Accounting rules eased for EU banks
        71 20 Xinhua [BRUSSELS] The European Union decided on Wednesday to ease its accounting rules so as to help its banks and financial institutions cope better with the financial crisis. Under the changes, financial institutions in the EU would no longer have to reflect market fluctuation
        – Xinhua  -  71 words
      • Article
        Lock icon China to help Pakistan solve economic woes
        52 20 Reuters [BEIJING] China Premier Wen Jiabao pledged to help Pakistan overcome its economic troubles yesterday. Pakistani President Asif Ali Zardari was expected to seek US$5OO million or more in soft loans from its neighbour as it struggles to come to grips with a
        Reuters  -  52 words
      • Article
        Lock icon IFRS companies to explain valuations
        59 20 Bloomberg [BRUSSELS] Companies that use International Financial Reporting Standards (IFRS) will have to explain more about how they value their investments and manage liquidity risk. The International Accounting Standards Board in London published a proposal on Wednesday for companies to give investors more information about
        Bloomberg  -  59 words
      • Article
        Lock icon Washington Mutual under investigation
        70 20 Bloomberg [SAN FRANCISCO] Washington Mutual, the bankrupt thrift, is under investigation by federal authorities examining what caused the bank's failure, which led to its banking operations being sold to JPMorgan Chase last month. US Attorney Jeffrey Sullivan said on Wednesday that his office had created a
        Bloomberg  -  70 words
      • Article
        Lock icon Income inequality will worsen, says ILO
        34 20 Reuters [GENEVA] The financial crisis will further increase the income inequalities that had widened excessively in the period of economic growth, the International Labour Organisation (ILO) said yesterday.
        Reuters  -  34 words
    • Article
      Lock icon Japan stocks plunge 11.4%
      382 20  -  ANTHONY ROWLEY By in Tokyo TOKYO stock prices crashed by more than 11 per cent yesterday, causing Prime Minister Taro Aso to declare "I cannot see where the bottom might be". As Japan's parliament rushed through an emergency budget to shore up the nation's sliding economy,
      382 words
    • Article
      Lock icon Credit crisis threatens US economy, says Bernanke
      584 21 Reuters Says it'll take time to restore normal credit flows; hints rates may be cut further [NEW YORK] Federal Reserve chairman Ben Bernanke on Wednesday gave a dour assessment of the US economy, citing a "significant threat" from shuttered credit markets in remarks
      – Reuters  -  584 words
    • Article
      Lock icon US economy weaker in all regions: Beige Book
      482 21 Bloomberg [NEW YORK] The economy deteriorated throughout the US last month and pessimism about the outlook spread, the Federal Reserve said in its regional economic survey. "Economic activity weakened in September across all 12 Federal Reserve districts," the Fed said in its
      Bloomberg  -  482 words
    • Article
      Lock icon Paulson: It was a US$250b injection of confidence
      335 21 Bloomberg [NEW YORK] US Treasury Secretary Henry Paulson said his plan to inject US$25O billion into banks is aimed at instilling confidence in financial markets and denied he forced the nation's biggest lenders to accept the money. "The steps we've taken are
      Bloomberg  -  335 words
    • Article, Illustration
      Lock icon Fed to subsidise US firms by buying debt
      297 21 Bloomberg [WASHINGTON] The Federal Reserve may subsidise America's companies by purchasing their short-term debt at rates below those demanded by private investors in the US$l.6 trillion commercial-paper market. Fed officials on Tuesday set the yield that they would pay for commercial paper
      Bloomberg; AP  -  297 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      25 21 Digital Camera worth $549! Contest ends 31 October 2008. Nikon O\WB 8.1 megapixels High performance digital image-processing engine Built-in Wi-Fi support Internet connectivity Zap Code
      25 words
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      Lock icon Page 21 Advertisements Column 2
      2567 21 A MATS IN THE MATTER OF THE COMPANIES ACT, CAP. 50 L^T^l Hn^Hl i^^9 HVH^B AND B>"Tn^iHi PTllll I I• I pT. IN THE MATTER OF ■■>!■■■■■■■■■■■■■■■■ SIEMENS IT SOLUTIONS AND SERVICES pteltd 11 if:*' 11 il IMM ii.' lill At L<H«t HI LA #-1 il I♦■ (IN MEMBERS' VOLUNTARY
      2,567 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Tough times, but industry will pull through: SSA
      471 22  -  VINCENT WEE Transport Minister stresses need to develop people despite downturn By STRONG cooperation between the Singapore Shipping Association (SSA) and the government was highlighted at the association's 23rd anniversary dinner last night. "Working together over the years, SSA and the government
      ARTHUR LEE  -  471 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2553 22 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al 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
      2,553 words
    • Article
      Lock icon New accounting rules for Korean shipbuilders
      467 22 Bloomberg The planned rules concern shipyards' hedging positions [SINGAPORE] South Korea plans to change accounting rules for shipbuilders to help bolster their balance sheets, as a 32 per cent plunge in the local currency this year slashed their capital by as much as 50
      – Bloomberg  -  467 words
    • Article
      Lock icon Stocks dive as freight rates sink
      305 22 Reuters [HONG KONG] Asian shipping stocks plunged yesterday, with some losing up to a quarter of their value after international freight rates fell to a 5-year low as raw materials trade sank on fears of a global recession. Troubled financial markets, weaker commodity prices
      Reuters  -  305 words
    • Article
      Lock icon China airlines may slide into the red
      289 22 Reuters [SHANGHAI] China's airline industry will most likely end up in the red in 2008 as it confronts a slowing domestic economy and the prospects of a global recession, industry executives and analysts said yesterday. Flag carrier Air China and Shang-hai-based China Eastern
      Reuters  -  289 words
    • Article, Illustration
      Lock icon SR Technics to maintain planes for Korean LCC Eastar Jet
      305 22  -  NISHA RAMCHANDANI By SWISS aviation maintenance, repair and overhaul (MRO) provider SR Technics has sealed a 10-year deal with South Korean low-cost carrier (LCC) Eastar Jet to maintain its Boeing 7375. The deal was signed yesterday at the MRO Asia
      MRO ASIA  -  305 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        101 22 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.31 0.26 0.82 0.37 0.68 0.43 0.04 0.75 0.78
        101 words
      • Article
        Lock icon KLSE
        36 22 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.65 8.10 8.05 2.55 2.43 0.20 0.10 -0.04 -0.25 -0.20 -0.07 -0.17 0.12 -0.01 5 879 2028 760 101 20 100
        36 words
      • Article
        Lock icon BANGKOK
        7 22 '00 ■recious Ship 11.50 -0.60 2015
        7 words
      • Article
        Lock icon HONGKONG
        11 22 '000 Doil iingamas Cont 15.06 0.79 -1.92 -0.05 1435 1762
        11 words
      • Article
        Lock icon PHILIPPINES
        17 22 '000 Aboitiz Equity Intl Container Keppel Marine 5.40 18.25 unch -0.10 -1.75 unch 1081 1228 0
        17 words
      • Article
        Lock icon TAIPEI
        23 22 Evergreen Marine ...14.20 :irst Steamship 31.95 /Van Hai Lines 13.75 r"ang Ming Marine ....8.67 -0.40 -1.15 -0.45 -0.31 6 0 2 20
        23 words
      • Article
        Lock icon TOKYO
        40 22 '000 (awasaki Hvy Ind...165.00 -21.00 ***** (awasaki Kisen 403.00 -61.00 ***** Mitsubishi Hvy 350.00 -40.00 ***** Mitsui Eng&Sbldg ..149.00 -31.00 ***** Mitsui Osk Lines ....534.00 -93.00 ***** Mippon Express 363.00 -33.00 6120 MipponYusen 440.00 -60.00 ***** iource: Thomson Reuters
        40 words
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  • SINGAPORE MARITIME WEEK 2008
    • Article, Illustration
      Lock icon MPA uses cutting-edge navigation aids
      752 23 It also works with neighbouring states to enhance safety in Malacca Straits, reports VINCENT WEE AS the busiest port in the world, navigational safety is a priority for the Maritime and Port Authority (MPA) of Singapore. And the local maritime industry is progressive and at
      752 words
    • Article, Illustration
      Lock icon Commitment to protect marine environment
      772 23  -  VINCENT WEE By The MEAP also provides details on methods of reporting and communication, and establishes clear channels of authority for effective marshalling of resources. To ensure our readiness, we conduct regular emergency exercises with other agencies, port facility operators and shipowners to test the
      772 words
    • Article
      Lock icon What they say
      97 23 'It's been a terrific week. We've had a lot of activities and that has attracted many people to Singapore; it has increased the buzz and will help make Singapore a better international maritime centre.' David Chin, executive director, Singapore Maritime Foundation 'Overall, well coordinated, many very useful
      97 words
    • Article, Illustration
      Lock icon SMW to return bigger and earlier next year
      467 23  -  VINCENT WEE By SMW 2008 facts and figures 1,300 runners took part in the inaugural Singapore Nautical Run $333,000 was raised from the charity event A record of 1,000 participants at the Singapore International Bunkering Conference The first time SMW is having
      467 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon McCain's troubling Taiwan stance
      486 24 IT looks as if Taiwan will once again become a source of tension between the US and China if Republican John McCain wins the presidential election next month. Mr McCain thinks the Bush Administration was wrong in not selling everything in Taipei's arms wish list. The
      486 words
    • Article, Illustration
      Lock icon China sets out to move up the value chain
      875 24  -  TONY WANG I GRACE TIAN Transformation of industrial parks shows the way to the nation's industrial upgrade By T and SINCE the 1980s, China has benefited from the global industrial division of labour with its relatively low costs. But the situation
      i THE STRAITS TIMES FILE PHOTO; National Statistics Bureau  -  875 words
    • Article, Illustration
      Lock icon It's in China's own interest to help resolve global crisis
      770 24  -  FRANK CHING THE BOTTOM LINE AS the world confronts its gravest financial crisis since the 1930s, attention is increasingly turning to China, whose economy has been growing rapidly for the past three decades and which now holds more than US$1.9
      770 words
    • Article, Illustration
      Lock icon Different regime for overseas firms?
      1255 25  -  MAX YUEN TEEN Foreign listings pose challenges in regulatory enforcement and differences in applicability of Singapore company law By IN 2005, Daka Designs (since renamed Carats) was caught in a scandal. A special auditor's report on the company published in June 2005 alleged widespread fraud
      AFP  -  1,255 words
    • Letter
      Lock icon Accountants, auditors responsive to current credit crisis
      496 25 LETTER TO THE EDITOR WE refer to the article titled "How much are the accountants to blame?" by Associate Professor Ho Yew Kee (BT, Oct 9) in which he questions the adequacy of the training of accountants in the understanding of valuation models,
      496 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9039 26 Transaction date: Oct 16 !-wks Tel Low Code Last Sale High Company 14 3.5 3148 8Telecom 19.5 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 22.5 6 1938 AEI Corp 17 2 1100 AEM 36 13 2101 APOil 141 41.5 5550 ARA 15 3.5 3100 ASAGrp 19
      9,039 words
    • Article
      Lock icon SGX CATALIST
      2039 27 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
      2,039 words
    • Article
      Lock icon SGX XTRANET
      66 27 52-Wk Tel High Low Code Last Sale Vol fooo) Day ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hii ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 394 199
      66 words
    • Article
      Lock icon CLOB INTERNATIONAL
      76 27 52-Wk Tel High Low Code Last Sale Vol COOP] Day Last Quote Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hii 116.9 48 6000 AVJennings 20.5 4 6134 Over&Gen 48 6.5 6017 StarCruises 283 123 6019 TanChonglnt A48 A8 US7.5 HK130 -9 +0.5 -2 2
      76 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8565 27 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.572/ AIGIF Spore Bond Fund/^- 1.257/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.67/ APS Alpha Fund (USD)!* 0.46/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.7169/ APS Komaba Global
      8,565 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      36 26 y Jpfipp, NEW ROYAL OAK IN EXCELLENT SHAPE Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED 9 wßj .J 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Wr Internet: Http://www.audemarspiguet.com
      36 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      359 28 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct15 World Index Preliminan 717.2 -4.4 -36.6 -4.2 -37.3 -4.6 -38.6 EAFE Preliminai 687.7 -4.6 -38.6 -4.4 -40.6 -4.8 -41.8 Euro[ Preliminan 932.8 -6.5 -39.6 -6.4 -43.4 -6.8 -44.6 Pacific 608.7 -0.8
      359 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 28 As at 9am Oct 16 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9710 1.0560 Can dollar 1.2350 1.2490 Euro 1.9830 2.0060 NZ dollar 0.8800 0.9000 Sterlini 2.5370 2.5660 US dollar 1.4720 1.4890 Local dollars to 100 units of foreign currency:
      131 words
    • Article
      Lock icon INTERBANK RATES
      181 28 Oct 16 IS Offer Overnight 1/8 1-month 1 1/4 2-months 1 5/16 3-months 1 3/8 Overnight mode: 9/16 US$ Offer 1/16 1 1/8 1 1/16 1 1/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 4.50 5.50 5.50 5.50 5.20
      181 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 28 Oct 16 ten Hii Sett STI SIMSCI Oct 235.5 241.6 239.1 Taiwan Oct 191 194.9 186.5 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 28 Oct 16 I S! Bid Offer 1-month 1.4762 1.4781 2 months 1.4721 1.4743 3-months 1.4684 1.4711 6-months 1.4604 1.4641 Source: OCBC
      24 words
    • Article
      Lock icon PALM OIL
      60 28 Oct 16 lelivery lonth Opening Sett Av Range Price Price Hi Vol Open Done Position Low 3d 08 1635 \Jov08 1655 3ecO8 1655 Ian 09 1667 FotaI o/p: ***** contracts 1645 1680 1608 1650 1667 1593 1651 1667 1593 1652 1668 1600 Turnover: ***** lots Market tone: Lower
      60 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      310 28 Oct 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 97.2850 97.7100 97.7050 97.5600 7756 8685 7368 4091 EUROYEN TIBOR FUTURES DecO8 99.180 99.190 MarO9 99.230 99.235 JunO9 99.230 99.230 SepO9 99.195 99.195 DecO9 Mar10 Jun10 Sep10 99.165 99.230 99.220 99.195 99.190 99.235
      310 words
    • Article
      Lock icon SICOM FUTURES
      194 28 Oct 16 KUBBtK Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Nov 08 Dec 08 161.0 Jan 09 162.5 FebO9 162.5 MarO9 162.5 Apr 09 164.5 160.0 161.0 160.0 159.0 162.2 158.0 160.5 160.5 160.0 160.0 162.2 120 160 80
      194 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 28 Oct 16 Period Issue code Maturity Yesterday's Bid Day's |h Low Hi, 3-Month BQ*****T 15.01.09 1-Year BY*****N 04.05.09 0.96 1.08 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
      88 words
    • Article
      Lock icon CHICAGO BOT
      104 28 Dct 15 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 858.00 896.00 886.50 847.00 Jan 09 872.50 911.25 900.00 861.25 Mar 09 884.25 924.75 911.00 875.00 May 09 894.75 935.75 920.00 889.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 35.53 38.00 37.15 35.50
      104 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Oct 15 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 72.21 -5.76 WTI (Near Mth) 74.62 -4.73 Dubai (1-Mth F) 70.94 -4.86 Tapis blend 80.70 -3.05 Minas 77.50 -3.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 52.22 92.50 -8.33 -3.30 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 28 Oct 16 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.802 4.597 0.501 5.220 32.764 66.382 0.676 9.242 2.374 1.098 55.144 32.365 0.996 6.920 0.767 21.897 23.084 0.391 0.673 Canada 1.246 5.730 0.625 6.506
      465 words
    • Article
      Lock icon SIBOR
      77 28 Oct 16 1 mth 4.***** 1.***** 2 mths 4.***** 1.***** 6 mths 1.***** 9 mths 2.***** 12 mths 1.***** 3 mths 4.***** 1.***** 6 mths 4.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** 5yrs 2.***** 7yrs 3.***** 10yrs 3.***** 12 yrs 3.*****
      77 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 28 Oct 16 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9957 0.9971 0.6728 0.6730 Canadian dollar 1.2409 1.2430 0.8385 0.8389 Euro 1.9865 1.9892 1.3423 1.3426 NZ dollar 0.9064 0.9090 0.6125 0.6135 Sterlini ind 2.5494 2.5529 1.7227 1.7231
      157 words
    • Article
      Lock icon PRECIOUS METALS
      167 28 Oct 16 GOLD (USS/oz) Oct 15 Oct 16 GOLD BULLION COINS (S$) Sellini Hong Kong 844.70 835.30 845.70 836.30 Oct 14 Oct 15 London 836.90 845.40 839.90 847.90 Source: Thomson Reuters (S$) Selling Buying 1 oz 1408.12 1268 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $493.27 405
      167 words
    • Article
      Lock icon LONDON METALS
      67 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2109.20 2221.50 3 months 2170.00 2282.00 Copper, Grade A (US$/tonne) Cash 3 months 4994.00 4920.00 5378.00 5300.00 Lead (US$/tonne) Cash 1507.00 3 months 1515.00 1637.50 1640.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
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      Lock icon LIFFE
      69 28 Oct 15 (£/tonne) Close Prev Hii ih/Low Dec 08 1309 1370 1365/1310 Mar 09 1341 1401 1397/1341 May 09 1353 1410 1403/1355 JulO9 1364 1420 1413/1365 COFFEE (US$/tonne) Close Prev High/Low Nov08 1697 1777 1763/1696 Jan 09 1761 1836 1824/1759 SUGAR (US tonne) White Close Prev High/Low Dec 08
      69 words
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      Lock icon BONDS & WARRANTS
      2793 28 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left >058AdvanceModulesGrpW*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 6.5 1481 Asia Water Tech Ltd W*****0 ..18.5 5816 #Asiasons Capital Ltd W*****7 4 !756# Asiatic Grp(H) Ltd W*****2 9.5 H05#AsiatravelW*****7 7
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      1226 30 RICKMERS-LINIE Round-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com USA Service Vessel I Vov I SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB I NEN I NYC I CPE Rickmers Hamburg 245 21/10 24/12 30/12 07/01 Rickmers New Orleans 246 05/11
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      1348 30 Urn EASTERN CAR LINER, LTD UL_s!L—i I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I|mmjjjjj2jg^ y^~| RgmplKT) I Liltinq(KT) I MUA I SIN I PKL I LCB I JKT I SUR I I PULAUCEBU 13 60 20/10 23/10 I OCEAN BLUE 204 50 26/10 27/10 I YUSHO CHERRY 11
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      5319 31 I I AMFHTDCCMI Tel: 65-*****907 Fax: *****917 I ■s>^L^B E9 858 mm B9 B9 HE AINLJC.KaC.IN Email: asc@asc-asia.com ■apSHkrip^ Iv^ Hs] E^H shipping company^ 70 Shenton Way, #21 -03 Marina House Singapore *****8 m w JPBiilßißiiißiJiiiiiWTMWl |M| north west express line MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS IlilfS aCE
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      140 31 fiftl GLORY NAVIGATION GROUpI I( SINCE 1970 OWNS OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS m REGULAR WEEKLY SERVICES: m IKAOHSIUNG CHINESE PORTS, HONG KONG TO FROM SOUTHEAST ASIA I SINGAPORE :HIAPWOON SHIPPING (S)PTE LTD I 14 ROBINSON ROAD, #03-01
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  • executive lifestyle
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      Lock icon Time for a spa retreat
      971 32 As other businesses brace themselves for a slowdown, the spa industry could well buck the trend, reports CHEAH UI-HOON WHEN the going gets tough, the tough get a massage at least that's what spa operators expect. And the industry's previous experiences in the 1997 crisis,
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      Lock icon Homegrown dream gets London exposure
      629 32  -  MELISSA LWEE IT may sound like your typical business fairytale a young lady follows her dream to open a day spa and turns it into a multi-million dollar business in Singapore, Malaysia and Indonesia but that pretty much sums up the story of Cynthia Chua
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    • COVER STORY/ENTERTAINMENT
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        Lock icon Leading the wellness revolution
        480 33  -  CHEAH UI-HOON SPA RETREAT MANOJ M Murjani was busy running his family's global apparel business dealing with designer brands, which included developing and marketing Tommy Hilfiger and Gloria Vanderbilt labels, until he decided he needed a break. "I met Anita Roddick of The Body Shop and
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        Lock icon Payne-fully loud, predictable
        664 33 CINEMA Max Payne can't hold fans' interest for much more than a few flickering seconds, says GEOFFREY EU AX Payne, the big screen adaptation of a popular interactive video game, is named for a tough guy cop with good aim, bad attitude and an uncanny ability to
        664 words
      • Article
        Lock icon Three alternative views of Tokyo
        528 33  -  GEOFFREY EU By THE city that serves as source material for a cinematic triptych titled Tokyo! is portrayed in three unusual and very different ways by the directors Michel Gondry, Leos Carax and Bong Joon-ho, who in separate ways create a movie that is sometimes
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        Lock icon Sketching a day's ebbs and flows in jazz
        399 33  -  ONG BOON KIAT CD REVIEW Love Day Richard Galliano Milan Records Rating: B By iATL, more than most musical genres, has the ability to sketch an emotion that resonates. In Love Day, eclectic French jazz accordionist Richard Galliano plays a masterful impressionist,
        399 words
    • ARTS
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        Lock icon The changing face of home
        941 34 Ong Kirn Seng's paintings of Singapore's housing landscape show the beauty of the past and the present, reports CLARISSA TAN ONG Kirn Seng, Singapore's most famous watercolourist, has used his deft, tender strokes on a subject that at first seems unlikely HDB flats. His new
        941 words
      • Article, Illustration
        Lock icon Appreciation for the big picture
        563 34  -  CHEAH UI-HOON By WHEN one sees photographs and images in the newspaper, magazines and on TV and the Internet every day, what's the draw then to appreciate photography as art in exhibitions such as the Singapore International Photography Festival? To better analyse and critique such
        563 words
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        Lock icon Romancing the stone, digitally
        849 34  -  CLARISSA TAN By CLAY, marble, granite, hammer, chisel these are the things we have come to associate with sculpture, the most robustly tactile of the visual arts. Computer graphics, pixels, keyboard, mouse not so much. An exhibition at Beijing's Today Art Museum, called Digital Stone, is
        849 words
    • WINE
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        Lock icon Wonders of tech and vineyard mgt
        888 35 Funding and expertise provided by the Freys have revived the fortunes of winemakers Chateau La Lagune and Paul Jaboulet, reports CHRISTOPHER LIM CELEBRATIONS for the end of the French harvest season started yesterday with the sixth Wine For Asia exhibition at the Suntec convention
        PHOTOS: CHRISTOPHER LIM  -  888 words
      • Article, Illustration
        Lock icon Spanish wines taking world by storm
        867 35  -  N KYONG By SOME 25 years ago, the only Italian wine regularly mentioned in the international wine press was Sassicaia. And the only Spanish wine I recall ordering was Sangria. Much has changed in the last quarter century a whole new world of wine
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    • MUSIC
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        Lock icon A band that prefers to do things its way
        623 36 CHRISTOPHER LIM finds that Camera Obscura wants to remain solidly indie T'S ironic that some bands are world-famous but can't make enough money from their music to do it full time. And Scottish indie-pop group Camera Obscura is one such outfit.
        623 words
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        Lock icon Funk-meets-cool jazz quartet lives up to hype
        573 36  -  ONG BOON KIAT By TANGENTIAL jazz forces meeting each other either create a mess, or high art. But jazz buffs already know that the coming together of electric guitar funk meister John Scofield and eclectic sax improviser Joe Lovano would throw up the
        573 words
  • Page 32 Miscellaneous
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      563 33 We Build Relationships .^■•HEJSJI'vH^^ PB M 3D HONG KONG GETAWAY ghke) 3D BANGKOK FREE EASY(gtbe) 3/4 D SIEM REAP/ANGKOR WAT (fwsr/gwaw) I TS^Tfl Enjoy 2Ndty stay-arrival transfer* ISD MALDIVES +IN FREE* (gtmlj Return economy airfare Return economy airfare Return economy airfare _J I I rK) Wh— IN Country Escapade s"Hjr.5
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      494 34 ■^fen, A conversation about drawing best from your voice, enabling you Singapore Museum, an institution FOB. Drawing Out Conversations, to be more easily understood and of NUS Centre For The Arts, and is >V_* ~l curator Lim Kok Boon brings together t0 be a more interesting speaker, probably the only
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      136 35 I LOCK*STOREI 1800 370 3737 Ue WotCd. Top of Me roof Tibetan Plateau presented a majestic piece Collection of enormous nine eyed Dzi. Known for its Preciousaems elegance and preciousness, a pair of tiger- ewe// ethn l a tooth motif stripe around both ends and antiques go i d and
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      296 35 CRYPTIC CROSSWORD ACROSS 5 More plots developed sur--7 Usual quality (8) rounding one big city (10) 9 Avoid attention of one 6 Scottish boy in English club group in outskirts of Ludlow keeled over drinking drop of (3,3) rum (6) 10 Long or short trousers (4) 8 Coercion of the
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