The Business Times, 18 October 2008

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Microfilm: NL29504
Total Pages: 49
1 49 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 weekend THE BUSINESS TIMES OCTIB-19, 2008 Ssl.oo ANSPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg
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  • Article, Illustration
    Lock icon Dicing with a downturn
    1025 1  -  Lee U-Wen With so much riding on Singapore's IRs, can they beat a global slowdown? By leeuwen@sph.com.sg Singapore REACHING deep into the earth and also soaring above it, Singapore's two integrated resorts (IRs) approach their moment of truth. Just over a year back, when the skies
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      140 1 SHOPPING X M raffles conversation WEALTH t^^Bt Modern jL M^ ATUL PUNJ: BUILDER Investing classics L9-11 EXTRAORDINAIRE I 8,9 r in art (30,31 VICTIMS OF MIS-SELLING Banks may have to compensate MAS wants financial institutions to help the elderly, the unemployed, retirees and those with little English proficiency who invested
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        45 2 KL COMP 905.23 -14.79 NIKKEI 225 8,693.82 +235.37 HANG SENG 14,554.21 -676.31 SET 471.31 -6.42 JAKARTA 1,399.42 -63.83 MANILA 2,098.26 -24.11 KOSPI 1,180.67 -33.11 SHENZHEN B 253.31 -1.75 MUMBAI IND 9,975.35 -606.14 Iinnnn EDT Chancre* iznoon EDT Change DOW 8,935.53 -43,73 NASDAQ 1,715.42 -2.29
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      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 6,72 HONG KONG 5,25 INDONESIA 16,239 TAIWAN 6,316 JAPAN 1,875 KOREA 9,33 BRITAIN 4JJO US 4,50 CANADA 4,25 SWITZERLAND 3,12 INDIA 13,75 Source:
        Bloomberg '  -  29 words
      • Article
        Lock icon FOREX
        45 2 us$ 2$ US$" 1.479 'US$1 1.729 2.556 URQ. 'US: 1.345 1.988 Foreign currency per US$, S$ YEN 101.00 68.30 RM 3.524 2.383 HK! 7.758 5.246 BAHT 34.25 23.16 RUPIAH 9,808 6,633 RENMINBI 6.832 4.620 INDIAN RUPEE 48.79 32.99 A$ 1,477 0.999 NZ$ 1.639 1.108
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    • Article
      Lock icon Slippery side-bets that hurt casinos
      506 2  -  Lee U-Wen By leeuwen@sph.com.sg Singapore IT is not just the shadow of a downturn that the casinos have to ward off. It is also the spectre of side-betting. This practice is rampant in Macau, often carried out right under the nose of the casinos, and
      506 words
    • Article, Illustration
      Lock icon Banks may compensate victims or 'mis-selling'
      618 4  -  Genevieve Cua Focus on Vulnerable' customers who bought Lehman-linked products By gen@sph.com.sg Singapore "VULNERABLE" customers, who were mis-sold structured products linked to Lehman Brothers, may find their cases being heard more sympathetically. The Monetary Authority of Singapore is focusing on helping the elderly, the
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    • Article
      Lock icon HK refers 2 banks for possible sanctions
      182 4 AP Hong Kong TWO banks were yesterday referred for possible sanctions in Hong Kong as part of an investigation into misleading sales tactics in connection with Lehman Brothers investments whose values are in doubt, authorities said. The Hong Kong Monetary Authority sent securities
      AP  -  182 words
    • Article
      Lock icon Sales of premium cars and sports models hit the brakes
      706 4  -  Samuel Ee By samuelee@sph.com.sg Singapore WHEN you are wealthy and worried about the current economic mess, you're more than likely to immediately stop buying more jewellery, wine futures and yes, that new car too. Sales of high-end cars have plunged
      706 words
    • Article
      Lock icon Sept exports' 5.7% fall outperforms expectations
      569 5  -  Anna Teo By anna@sph.com.sg Singapore THE key trade indicator is down by almost 6 per cent, and economists are somewhat "cheered". They had been braced for much worse. But no respite from the red is expected anytime soon. The headline trade figures and overall
      569 words
    • Article, Illustration
      Lock icon PM: Govt R&D on track
      611 5  -  Amit Roy Choudhury Programme's long-term perspective will not be derailed by recession By amit@sph.com.sg Singapore PRIME Minister Lee Hsien Loong said yesterday that Singapore had gone into recession and the country could expect slower growth next year. He was speaking at the opening of Fusionopolis,
      DESMOND WEE^HE STRAITS TIMES  -  611 words
    • Article, Illustration
      Lock icon World leaders grapple with crisis as recession looms
      628 6 Reuters, moomoerg EU leaders to meet Bush today; South Korea to announce emergency measures tomorrow Hong Kong POLICYMAKERS around the world scrambled for ways to bolster their economies and banks with South Korean and Australian leaders holding emergency meetings in the face
      Reuters, moomoerg; AP  -  628 words
    • Article
      Lock icon Rolex watches fly off the shelves in Iceland
      294 6 AFP, Reuters Reykjavik AS Icelanders suddenly find themselves in the eye of the global financial storm, many are seeking stability and solace in luxury goods like Rolex watches, which unlike their plunging currency are unlikely to devalue. As Iceland in recent weeks
      . AFP, Reuters  -  294 words
    • Article
      Lock icon Big investors slowly boost US stock purchases
      349 6 Reuters, NYT New York SOME of Wall Street's most prominent investors have begun dipping their toes into the heavi-ly-battered stock market, suggesting the worst of the brutal declines is over. Billionaire investor Warren Buffett, who earlier supported Goldman Sachs and General Electric with
      Reuters, NYT  -  349 words
  • Page 2 Advertisements
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  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      75 2 NEWS LIVING Top stories 4,5,6 Dining L2-5 Week In Review 7 Entertaining L6 Raffles Conversation 8,9 a The CEO Column TO j^4a9^4t. _JB Companies 11-14 ?Z WU Singapore 15-17 i^atetifo&sH Letter From Abroad 18 Home Garden L7,8 World 19-22 Shopping L9-11 Stocks stats 23-27 Travel L12,13 Perspective 28,29 Health LI
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  • Page 3 Advertisements
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      445 3 Enjoy 10% rebate* on daily expenses with your DBS American Express® Card. Save more when you charge to your DBS American Express Card at petrol stations and supermarkets*. For motorists, enjoy up to 14.5% A off your petrol bill with this additional 10% rebate on top of existing petrol station
      445 words
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      128 5 l(ka WorC&Top of tka roof Tibetan Plateau presented a majestic piece Collection of enormous nine eyed Dzi. Known for its Preciousqems elegance and preciousness a pair of tiger- H tooth motif stripe around both ends and antiques gotd and well delineated pattern, strong colour and silver necklaces perfect shape is
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • Article
        Lock icon Key industry Q3 earnings at risk: analysts
        59 7 THIRD-quarter results that will be released over the next few weeks will be closely scrutinised to sieve out companies that are likely to run into trouble. With credit crunch problems seeping into the economy, industries that rely on business cycles are also in
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      • Article
        Lock icon Amid the panic, bargains surface
        73 7 THE overwhelming sentiment in the US over the last weekend was exhaustion and the need for time to get away from the overheated panic sweeping through Wall Street and the rest of the world's financial capitals. But once people can see through this fever of
        73 words
      • Article
        Lock icon RBS nationalised as part of rescue deal
        47 7 ROYAL Bank of Scotland, HBOS and Lloyds TSB, three of Britain's leading banks, have effectively been nationalised. The government will invest £37 billion (5594.8 billion) for a controlling stake of RBS and a large proportion of a merged HBOS/Lloyds TSB.
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      • Article
        Lock icon Stocks rebound as Europe gets to heart of the problem
        71 7 STOCKS in Asia rebounded on Monday, cheering a move by governments in Europe and elsewhere to back virtually the entire banking sector with money from the public purse. Shares got an early boost as European governments reached an unprecedented agreement
        71 words
      • Article, Illustration
        Lock icon US buys stakes in 9 banks, stems panic
        86 7 THE US Treasury is set to invest up to US$25O billion in banks, and to guarantee new debt issued by banks for the next three years. President George W Bush on Tuesday announced the US's latest effort to stabilise the financial system,
        AP  -  86 words
      • Article
        Lock icon HK guarantees deposits, sets up fund for banks
        62 7 HONG Kong will use its foreign exchange reserves to guarantee bank deposits, shoring up confidence in lenders after the first run on a bank in the city in more than a decade. The government said on Tuesday that it would also set
        62 words
      • Article
        Lock icon Relief rally in stocks fizzles out
        75 7 STOCKS in most of Asia and Europe slumped on Wednesday as the relief rally earlier in the week fizzled out, giving way to worries over the worsening economic outlook. Analysts say much of the damage to the global economy has already been done, although
        75 words
      • Article
        Lock icon Minibond holders still grappling with outcome
        69 7 SHAME, depression, anger, desperation and, worst of, all fear. These are just some of the emotions investors are displaying as they struggle with their savings. A month after Lehman Brothers went bankrupt, people who bought structured products linked to the failed bank continue to
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      • Article
        Lock icon Bank deposits get govt seal of guarantee
        71 7 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 banks. The Monetary Authority of Singapore and the Finance Ministry said in a joint statement on Thursday
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      • Article
        Lock icon A black mood seizes markets worldwide
        66 7 STOCKS in Asia went into free-fall on Thursday 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 support from the Swiss government, while its smaller rival Credit Suisse raised 10
        66 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      173 7 CRYPTIC CROSSWORD Resistance (7) decisive moment in court ,v N h I 20 Roman coin mailed by (0,0) WKM z^n f h 51 —II —T^ —li^^T^ —II agreement (o) 22 Sole import produced in ew ork,say yesterday's solution in the boxes (6 3) Across: 7 Standard, 9 Lie low, 10
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      87 7 NEXT WEEK Oct 20-24, 2008 US DATA Oct 20 Sept leading indicators Oct 22 Crude inventories Oct 23 Initial claims Oct 24 Sept existing home sales SINGAPORE DATA Oct 23 Sept Consumer Price Index Oct 24 Sept index of industrial production EVENTS Oct 20 Federal Reserve Bank of Atlanta president
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Building his own legacy
      1603 8  -  Arthur Sim Atul Punj comes from a well-known business family, but his success story diverges from that of most scions of the privileged. By THERE is a saying that family wealth does not last more than three generations. This was anathema to Atul Punj. His grandfather,
      ARTHUR LEE  -  1,603 words
    • Article
      Lock icon Looking good and planning ahead
      568 8 PUNJ Lloyd, which has an order backlog of around US$6 billion in construction contracts, expects to see itself comfortably through the next two years at least. The group includes Punj Lloyd Ltd in India, Sembawang Engineers Construction Pte Ltd in Singapore and Simon Carves Ltd
      568 words
    • Article
      Lock icon Raffles
      74 8 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean are rated
      74 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Sea change for HR personnel
      741 9  -  QngYeKung FROM THE DESK OF CEO, Singapore Workforce Development Agency The HR profession needs to step up its game to earn its place in the board room IN less than a week's time, Singapore will be hosting the inaugural Singapore Human Capital Summit. It will
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  • COMPANIES
    • Article, Illustration
      Lock icon M1's Q3 net dives 21% to $34m
      507 10  -  Winston Chai CORPORATE EARNINGS Higher customer acquisition and retention costs dent profitability By winstonc@sph.com.sg Singapore The curtain raiser for the quarterly results of local telcos got off to a gloomy start yesterday, with MobileOne reporting a 21.1 per cent drop in third-quarter net
      BLOOMBERG  -  507 words
    • Article
      Lock icon GuocoLand in the red over forex paper losses
      409 10  -  Arthur Sim By simska@sph.com.sg Singapore GUOCOLAND Ltd has reported a net loss of $2.8 million for the first quarter ended Sept 30, compared with a net profit of $27.7 million a year ago. It attributed this mainly to unrealised mark-to-market foreign exchange
      409 words
    • Article
      Lock icon Ascendas-Reit Q2 net rises 14.8% to $53.3m on additional rental income
      330 10  -  Emilyn Yap By emilyny@sph.com.sg Singapore ASCENDAS Real Estate Investment Trust (A-Reit) yesterday reported net distributable income of $53.3 million for its second quarter ended Sept 30, 2008. This is 14.8 per cent higher than a year ago. Fuelled mainly
      330 words
    • Article, Illustration
      Lock icon Choppy waters ahead for box carrier NOL
      620 11  -  Vincent Wee STOCK IN FOCUS Worries about the markets and concerns over container line operating conditions weigh down counter. By MIRRORING the gloom and doom discussions that dominated the Singapore Maritime Week, Singapore's biggest container line NOL ended the week at a year-low
      : Bloomberg I  -  620 words
    • Business briefing
      • Article
        Lock icon Straits Asia gets USs3oom credit facility
        47 11 STRAITS Asia Resources said it has received from Standard Chartered Bank a committed, credit-committee-approved offer of US$3OO million. This 18-month credit facility may be used to refinance a US$23O million bridge loan and provide additional funding for capital expansion and development.
        47 words
      • Article
        Lock icon Charter renewed for Swissco unit tugs
        44 11 SWISSCO International said subsidiary Swissco Offshore Pte Ltd has secured a renewal of charter contract for two of its anchor handling tugs. The contract value for the three-year ex- tension is about $19.55 million with a sale option.
        44 words
      • Article
        Lock icon Global Testing issues revenue guidance
        39 11 GLOBAL Testing Corporation has warned that its revenue performance will be on the weaker side of its previous guidance of 0 per cent to 5 per cent for the third quarter ended Sept 30.
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      • Article
        Lock icon Oculus hires firm to look into eyecare division
        70 11 OCULUS has appointed certified public accountants Tay Swee Sze Associates to assist the board in inspecting the books and accounts of the eyecare division in connection with the transfer of Shanghai Oculus Contact Lens Co. The board has also appointed C&S Law
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      • Article
        Lock icon Esmart swaps business with China pine plantation
        55 11 LISTED Esmart Holdings is swapping its electronics business for a 6,700-hectare pine plantation in China with Tian International Holdings. Esmart will buy the plantation business for $87 million in new Esmart shares and will offset this against the as-yet undetermined disposal price of
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    • Article
      Lock icon Banyan Tree sees Q3 loss due to recent Thai riots
      206 11  -  Chew Xiang By xchew@sph.com.sg Singapore HOSPITALITY group Banyan Tree will report a loss for its third quarter to September, its first three-month loss since June 2006. The company blamed recent riots in Thailand, which had forced the closure of Phuket
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    • Article, Illustration
      Lock icon It looks more like the end of the beginning
      599 12  -  R Sivanithy, STOCKS sivan@sph.com.sg Senior correspondent A PROMINENT businessman recently said of the US$7OO billion US Treasury bailout plan that it didn't mark the beginning of the end, but rather the end of the beginning. He meant, of course, that the
      599 words
    • Article
      Lock icon Private equity firms diversify to ride market dips
      473 12  -  Lynette Khoo By lynkhoo@sph.com.sg Singapore GONE were the days when it was possible to buy companies at realistic prices with cheap debt, and rely on balance-sheet restructuring and rising valuations to create equity value. Private equity firms now have to look long
      473 words
    • Article
      Lock icon TOP 20 ACTIVES
      112 12 VOL aOSE iolden 138,025 17 -3.5 -17.1 table Grr 63,865 69 -11.0 -13.1 3ni ;Tel 63,687 250 -6.0 -2.3 Cot 37,198 75.5 -6.0 -7.4 33,586 4 -1.0 -20.0 Dterra 27,172 4 -1.0 -20.0 ?mbMar 20,046 157 -19.0 -10.8 liutianC 20,010 -0.5 -9.1 :hina Honi 19,783 17.5 -1.5
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    • Article
      Lock icon TOP GAINERS
      55 12 CLOSE UP MProi 3000 114.3 25.1 iTI 2900SGAePW*****0 196 60.0 44.1 :iMBAsean40 100US: 569 47.3 6.1 iTI 2700SGAePW*****0 160 28.0 21.: )CBC Bk RBePW*****3 102 21.5 26." \sia Pac Brew 1014 12.0 i.: )CBCBk SGAePW0811 66.5 12.0 22. ;ia 200 1242 12.0 1.1 iTI 2500BNPePW*****6 89 12.0 15.(
      55 words
    • Article
      Lock icon TOP LOSERS
      49 12 CLOSEDOWN IMH 1950 -295.6 -9.: JSH 1000 -127.1 -7. IBS Gri 1300 -84.0 -6.1 Jardine C&C 1030 -82.0 -7.. China H 10US$ 888 -73.9 -5.: IBS MBL iCW*****3 179 -56.0 -23. ;or India Nifb 10 951 -49.0 -4.' >el Con 490 -37.0 -7.1 JOBMBUCW*****0 148 -36.0 -19.(
      49 words
    • Article
      Lock icon STI STOCKS
      99 12 2.850 +0.050 litaMall 1.920 -0.120 :if 'Dev 6.720 -0.260 :osco Con 0.755 -0.060 IBS Grp 13.000 -0.840 :&N 2.900 -0.010 lent Intl 0.390 -0.010 iolden ;ri 0.170 -0.035 IK Land 2.600 -0.090 IMH 19.500 -2.000 ISH 10.000 -0.860 lardine C&C 10.300 -0.820 lei Con 4.900 -0.370 Land 1.800
      99 words
    • Article, Illustration
      Lock icon FerroChina sets up restructuring task forces
      718 13  -  Lynette Khoo China Dairy warns of Q3 loss; CNTD clarifies net cash position ByL lynkhoo@sph.com.sg Singapore FERROCHINA shareholders may catch a glimmer of hope after the group provided some updates on its restructuring yesterday, one week after it said that it could not repay
      m FILE PHOTO  -  718 words
    • Article, Illustration
      Lock icon iPhone the Apple of SingTel's eye
      322 13  -  Winston Chai By winstonc@sph.com.sg Singapore APPLE'S iPhone 3G has topped Singapore Telecommunications' handset sales charts last month and the operator is slashing subscription fees to keep the gadget fever from waning. A SingTel spokesman told BT that the iPhone was the firm's "best-selling" handset
      322 words
    • Article
      Lock icon Telcos up mobile broadband ante
      272 13  -  Ong Boon Kiat By boonkiat@sph.com.sg Singapore A FASTER mobile broadband experience awaits Singapore's mobile phone subscribers. Both StarHub and SingTel yesterday made announcements that point to a faster mobile Web experience for their subscribers. StarHub announced yesterday that it is upgrading its mobile data network
      272 words
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      336 12 W^?4 MAIM gj^NOTICES INTHEMAnEROF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KENYON MECHANICAL PTE LTD (INCORPORATED IN SINGAPORE] CO REG NO: *****2262C (IN MEMBERS' VOLUNTARY WINDING UP) NOTICE OF SPECIAL RESOLUTIONS At an Extraordinary General Meeting of the company duly convened and held at 8 Loyang Crescent
      336 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon More grants to help industries save energy
      380 14  -  Jamie Lee NEA scheme will help industrial companies offset investments in energy efficient equipment By leejamie@sph.com.sg A MULTI-million-dollar grant scheme to help industrial companies offset their investments in energy efficient equipment is expected to be launched next month, a senior executive at the
      380 words
    • Article, Illustration
      Lock icon Sun shines through economic cloud
      544 14  -  Christopher Lim By limchris@sph.com.sg THE most upmarket lifestyle festival here was launched yesterday in the currently incongruous environment of belt-tightening. The second Singapore Sun Festival returns with a 10-day programme that includes expensive cuisine, fine wine and great music. But event founder Barrett Wissman is
      mmm YEN MENG JIIN  -  544 words
    • Article, Illustration
      Lock icon MPs to question effects of financial meltdown
      471 15  -  Lee U-Wen Crisis' impact on S'pore will kick off Parliament debates on Monday By leeuwen@sph.com.sg THE impact of the global financial sector meltdown and the recent controversy surrounding high-risk investment products are set to kick off the debates at next Monday's Parliament sitting.
      FILE PHOTO  -  471 words
    • Article, Illustration
      Lock icon Work for as long as you can, urges Boon Heng
      307 15  -  Teh Shi Ning By tshining@sph.com.sg MINISTER for Prime Minister's Office Lim Boon Heng yesterday urged Singaporeans to work for as long as they can, now that average life expectancy here has risen. With the ageing population, the government expects the
      307 words
    • Article
      Lock icon Temasek hires Sipahimalani as MD of investment
      310 15 Bloomberg He is firm's second hire from Morgan Stanley since August Hong Kong SINGAPORE investment company Temasek Holdings Pte said that it hired Rohit Sipahimalani as managing director of investment, its second hire from Morgan Stanley since August. Mr Sipahimalani, 42, will focus
      Bloomberg  -  310 words
    • Briefing
      • Article
        Lock icon Annual franchising awards announced
        64 15 THE Franchising and Licensing Association (Singapore) yesterday announced the recipients of its annual awards. Owner of five 7-Eleven outlets Nallakaruppan was Franchisee of the Year; car-cooling solutions provider V-Kool International was Franchisor of the Year; casual Japanese dining restaurant chain Waraku International was Promising Franchisor of
        64 words
      • Article
        Lock icon Public transport website launched
        65 15 THE Land Transport Authority announced two initiatives to make public transport more convenient yesterday. PublicTransport.sg, a website providing maps, fares and service information for all public transport operators, was launched yesterday. The real-time SMS bus arrival information service will be on trial for six months along
        65 words
    • Article, Illustration
      Lock icon 15 firms get $12m for digital media projects
      481 16  -  Amit Roy Choudhury Funding by R&D office expected to yield $37m in business spending and 240 new jobs By amit@sph.com.sg THE Media Development Authority (MDA) yesterday announced funding for 15 companies by the multi-agency Interactive Digital Media Research and Development Programme Office
      481 words
    • Article, Illustration
      Lock icon S'poreans still visiting Malaysia despite difficult times
      378 16 Bernama SINGAPOREANS will continue to flock to Malaysia for shopping and holiday although the world's economy is currently facing hard times and the city-state is experiencing a technical recession. "The numbers from Singapore remain strong this year," said Tourism Malaysia director for Singapore,
      Bernama; ana FILE PHOTO  -  378 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      339 14 ln the matter of IN THE MATTER OF The Companies Act, Cap. 50 THE COMPANIES ACT And (CHAPTER 50) In the Matter of AND (1) SYNERGY COACHING IN THE MATTER OF CONSULTANCY PTE. LTD. SIBU DESIGN ASIA (S) PTE LTD PI SYNERGY COACHING (IN MEMBERS'VOLUNTARY LIQUIDATION) IKireRNATION^. PItLTO. (REGISTRATION NO.
      339 words
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  • LETTER FROM ABROAD
    • Letter, Illustration
      Lock icon The view from Vietnam
      1131 17  -  Nicholas Chee LETTER FROM HO CHI MINH Senior vice-president of products and planning, personal financial services, HSBC Vietnam Traffic lights are optional for scooters, so you always have to be on the lookout for motorcyclists zipping in the opposite direction to get to their destination by
      1,131 words
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  • GLOBAL FINANCIAL CRISIS
    • Article, Illustration
      Lock icon Japan hints at further fiscal stimulus
      599 18  -  By Anthony Rowley Finance Minister wants to see an emergency adjustment in mark-to-market accounting rules to avoid systemic risks btworld@sph.com.sg Tokyo ELECTION speculation resurfaced in Tokyo yesterday as Prime Minister Taro Aso and some of his key ministers maintained a fast-paced response to the
      AP  -  599 words
    • Article
      Lock icon Consumer confidence, construction plunges
      329 18 Reuters, Bloomberg LATEST US DATA New York US consumer confidence suffered its steepest monthly drop on record in October and construction starts on new homes fell toal7-l/2year low the previous month, as the financial crisis sent shock waves through the economy. The Reuters/University of Michigan Surveys
      Reuters, Bloomberg  -  329 words
    • Article, Illustration
      Lock icon EU wants clear plan on valuing derivatives
      481 18 Reuters, AP Brussels THE European Commission said yesterday it intends to make proposals to control risks in the US$6O trillion credit derivatives market, seen as one of the causes of the worst financial crisis in 80 years. "Regulators need to have a much
      Reuters,; AP  -  481 words
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  • WORLD
    • Article, Illustration
      Lock icon Newly profligate Indians cut back on spending
      567 19 NYT Shops that should be bustling before the Diwali festival are empty as consumers grapple with the reality of an economic slowdown New Delhi AMAN Walia, 21, dreamed of flying. Armed with a student loan, he enrolled in flight attendant school and snatched
      NYT; ILLUSTRATION: LUDWIG ILIO  -  567 words
    • Article
      Lock icon Scomi bags monorail contract in Mumbai
      352 19  -  S Jayasankaran By btworld@sph.com.sg Kuala Lumpur MALAYSIA'S Scomi Engineering, in a joint venture with India's Larsen Toubro Ltd, has bagged a RM2 billion (*****.1 million) job to build a 20-km monorail in Mumbai, the first such project for the country. Dilip Kawathkar, a spokesman
      352 words
    • Article, Illustration
      Lock icon Chinese toy maker Smart Union closes
      313 19 AFP Beijing A CHINESE toy maker that exported to big US brands such as Mattel and Disney has shut down due to the financial crisis, leaving more than 6,000 people without work, state press reported yesterday. Smart Union closed its factory doors in the
      AFP; REUTERS  -  313 words
    • Article, Illustration
      Lock icon AIG to give full account of exec payments
      503 20 Reuters It promises to recover payments and cancel perks after New York AG threatens action New York AMERICAN International Group (AIG), which drew fire for executive "golden parachutes" and an ill-timed junket even as it receives a massive taxpayer bailout, has agreed
      Reuters; AFP  -  503 words
    • Article
      Lock icon Pay back your bonuses, angry Swiss tell ÜBS former chiefs
      439 20 AFP Geneva SWITZERLAND reacted angrily against former top managers of Swiss banking giant ÜBS, calling on them to return their bonuses, after the state rescued the bank from the credit crisis with a US$6O billion lifeline on Thursday. "Mr Ospel,
      AFP  -  439 words
    • Briefing
      • Article
        Lock icon Thai PM scotches resignation, election talk
        60 20 Reuters Bangkok Thai Prime Minister Somchai Wongsawat scotched speculation yesterday of his immediate resignation or a snap election. "The government has a duty to carry on the policies and tasks that are coming up," he told a news conference after a hastily convened meeting
        Reuters  -  60 words
      • Article
        Lock icon Asean leaders to hold crisis meeting next week
        92 20 Reuters Kuala Lumpur South-east Asian leaders will meet in Beijing next week to discuss measures to deal with the global financial crisis. Surin Pitsuwan, the secretary-general of the Association of South-east Asian Nations (Asean), said the summit of the 10-nation grouping will
        Reuters  -  92 words
      • Article
        Lock icon Lenders eager for Chrysler-GM deal: WSJ
        68 20 Reuters New York Potential lenders are providing strong support for General Motors Corp and Chrysler LLC's merger talks and are eager to see a deal done, the Wall Street Journal said. Major banks that have long lent to both companies, such as JPMorgan Chase
        Reuters  -  68 words
      • Article
        Lock icon Beijing fund to hike stake in Blackstone: source
        48 20 Philadelphia Sovereign wealth fund China Investment Corp (CIC) intends to raise its stake in private equity firm Blackstone Group from 9.9 per cent to 12.5 per cent by purchasing shares on the open market, a source said on Thursday. Reuters
        Reuters  -  48 words
    • Article, Illustration
      Lock icon Stockmarket crisis spells bonanza for him
      431 21 AFP 'King of short-sellers' made £250,000 within an hour this month when shares slumped London AS STOCK markets plunge and banks collapse, one man is rubbing his hands with glee. Simon Cawkwell, nicknamed the "King of the short-sellers" in London, made £250,000 (*****,000) in
      AFP  -  431 words
    • Article
      Lock icon 30% of hedge funds may fail, says Morgan CEO
      419 21 Bloomberg, Reuters New York JOHN Mack, Morgan Stanley chief executive officer, said that tumbling financial markets may drive as many as 30 per cent of hedge funds out of business in the next year. And that will affect revenues flowing through
      Bloomberg,; Reuters  -  419 words
    • Article
      Lock icon IBM beats forecasts with 20% rise in Q3 profit
      363 21 AP San Francisco IBM's third-quarter profit jumped nearly 20 per cent, surpassing analyst estimates, as the technology company overcame slumping hardware sales and signed a healthy number of new services contracts. IBM had released partial results for the July-September period last
      AP  -  363 words
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  • SGX
    • Article
      Lock icon Transaction date: Oct 17
      9131 22 52 ligh ;z-wks Tel Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld Net C'vr P/E M Cap $mil j4 9.5 JO !2 J7 16 j41 4.5 j> 94 !0.5 5 5 !2.5 _4 13 4.5 _5 !4 !O
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      Lock icon SGX CATALIST
      1637 25 High Low Code Company ligh Sale ('000) High Low Buyer Seller C'vr P/E Smil !0 11.5 1181 s AA Grp 50.5 15 5000 s ABR Hldgs 52 16.5 8538 s APStrategic > 1 1501 s Advanced System 58 13 3518 s Afor 53.5 4 1524 s Alantac !0
      1,637 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      87 25 Up Down Unch 3 10 3 Up Down Unch 0 0 0 Up Down Unch 3 10 3 lanul racturin; 41 92 56 10 13 48 102 'ommerce 15 33 15 17 18 :inance 10 24 10 24 Construction 14 YOJ 23 Hotels/ iervices :led 2_ 0
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      Lock icon SECURITIES TRADING TURNOVER
      209 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      209 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      787 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 13 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ Before ('000) After (TOO) itock SRCAsia 16-Oct-08 Wong Soong Kit j Heng Chem Fibre 16-Oct-08 LOH Kim Kang David SRC Asia 16-Oct-08 Wong
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      46 22 f*K THE BIRTH OF A GREAT DATE /o^KttM AUDEMARSPIGUET ISHUIm Le maitre de I'horlogerie depuis 1875 it IMr>^^M^- IIJI EDWARD PIGUET COLLECTION iP^^^^ Ol^m Sole Distributor Service Centre: v9 Ml|t^f AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED W/ 341 River Valley Road #01-01 Singapore *****2 HA.:''/'' Internet: Http://www.audemarspiguet.com
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  • MARKETS
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 26 Source: YTD change:-45.79% 52-week high: 3,800.01 on Oct 17,2007 52-week low: 1,877.96 on Oct 17,2008 Bloomberg
        ■: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 26 YTD change: -47.67% 52-week high: 31,958.4 on Oct 30,2007 52-week low: 14,398.5 on Oct 10,2008 Source: :Bloomberg
        :Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 26 Source: YTD change:-32.31% 52-week high: 14,012.8 on Oct 17,2007 52-week low: 7,882.51 on Oct 10,2008 (Chart shows Thursday's index closing) Bloomberg
        : Bloomberg  -  25 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        20 26 YTD change:-63.31% 52-week high: 6,088.89 on Oct 17,2007 52-week low: 1,802.33 on Sept 18,2008 Source: Bloomberg
        : Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Nikkei 225
        18 26 YTD change:-43.21% 52-week high: 17,147.7 on Oct 18,2007 52-week low: 8,115.4 on Oct 10,2008 Source: Bloomberg
        : Bloomberg  -  18 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'!. INDICES
      363 26 octie dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 670.8 -4.0 -40.7 -3.4 -41.0 -4.4 -42.8 EAFE Preliminai 644.0 -6.4 -42.5 -6.2 -44.3 -7.1 -45.9 Euroi Preliminai 884.8 -5.1 -42.7 -5.3 -46.5 -6.2 -48.0 Pacific 555.3 -8.8
      363 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      148 26 OctiA Against S$ :urrencies Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.0006 1.0017 Against US? Bid 0.6769 Offer 0.6772 :anadian dollar 1.2470 1.2483 0.8436 0.8439 iuro 1.9873 1.9892 1.3444 1.3448 IZ dollar 0.9016 0.9031 0.6099 0.6105 jterlini 2.5548 2.5571 1.7283 1.7287 IS dollar
      148 words
    • Article
      Lock icon LIFFE
      67 26 Octllil 1 (£/tonne) Close Prev Hii ILow )ecO8 1272 1309 1303/1257 >terO9 1302 1341 1337/1288 day 09 1314 1353 1349/1301 lul 09 1326 1364 1351/1312 :OFFEE (US$/tonne) Close Pev High/Low \lov08 1700 1697 1706/1655 Ian 09 1761 1761 1770/1715 SUGAR (US tonne) White Close Prey High/Low now )ecO8 319.8
      67 words
    • Article
      Lock icon CHICAGO BOT
      103 26 Oct J6| SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low Nov08 867.00 858.00 874.00 825.00 Jan 09 880.25 872.50 886.00 838.00 Mar 09 890.50 884.25 895.50 850.00 May 09 899.75 894.75 903.00 860.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low Dec 08 35.45 35.53 35.45 33.95
      103 words
    • Article
      Lock icon OIL
      74 26 hhhh ISS/barrel (FOB origin) Close Change Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) 'apis blend /linas 67.14 -5.07 70.60 -4.02 64.25 -6.69 74.15 -6.55 70.95 -6.55 •RODUCT ISS/barrel (FOB S'pore) Close Change \l aphtha let Kerosene 47.13 -5.09 85.80 -6.70 JSS/barrel )pec Oil Basket Price 68.58
      74 words
    • Article
      Lock icon METALS
      70 26 oaiA GOLD ;us$/ oz Oct 17 Oct 1 Hong Kong 803.60 835.30 804.60 836.30 Oct16 Oct15 London 795.10 845.40 798.10 847.90 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 14.82 14.59 Source: UOB PLATINUM Lon (US$/oz) Oct 16 Close Previous PM Fix 917.00 985.00 AM Fix 917.*****6.00 Source:
      70 words
    • Article
      Lock icon PALM OIL
      59 26 Oct 17 lelivery fonth Opening Range Sett Price Av Price Law Vol Done Open Positioi Hi, DctO8 1700 \lov08 1697 3ecO8 1694 Ian 09 1707 rotal o/p: ***** contracts 1654 1713 1644 1630 1703 1624 1635 1705 1620 1640 1710 1630 Turnover: ***** lots Market tone: Lower 207
      59 words
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      Lock icon LONDON METALS
      67 26 Oct 16 tluminium, 99.75" mrity (US$/tonne; Close Previous lid /tonne; lose ■revious Cash 3 months Tin (US$/tonne; *****.00 *****.00 *****.01 *****.01 :ash 1 months :opper, Grade A 2123.50 2185.00 2109.20 2170.00 ;us$/tonne) lash J months ■ead (US$/tonne; 4709.50 4650.00 4994.00 4920.00 Cash 3 months Zinc, Special Hi; *****.00
      67 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Lehman's fall stings German investors
      1348 27  -  Carter Dougherty For tens of thousands of individual German investors with modest investments, the bank's collapse hits much closer to home. By WHEN Werner Berkling heard the news on Sept 15 that Lehman Brothers had just gone bankrupt, he started to worry. He dug through
      AP  -  1,348 words
    • Article
      Lock icon Financial body count may rise
      462 27  -  Hugo Dixon BREAKINGVIEWS.COM By MARKET chaos is fuelling a conflagration of speculators. With equities, commodities and bonds plunging, those who bet on rising prices with borrowed money from oligarchs to hedge funds and traders are being burnt. So are the banks that lent to them.
      462 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Art as an alternative 'passion' investment
        1178 28  -  Genevieve Cua The Mei Moses Fine Art Index for 2007 rose 20%, dramatically outpacing the 5.5% achieved by the S&P 500 total return index. By WITH fear at near panic levels recently in the stock market, it would seem almost anomalous that life goes
        CHRISTIE'S  -  1,178 words
      • Article, Illustration
        Lock icon Heady price rise for select pieces
        162 28 HERE is a snapshot of the heady trajectory of select art pieces. This early Ming copper-red vase, from the Yuhuchunping Hongwu period (1368-1398) from a Scottish collection, was first sold at Christie's in London in 1984 for U*****,500, a record price then for a
        162 words
      • Article
        Lock icon BROKERS' TAKE
        812 28  -  CONRAD TAN Noble Group Overweight JP MORGAN SECURITIES Oct 17 Close: $0.69 NOBLE'S share price is moving in tandem with the fall in the Baltic Dry Index (BDI). The recent news of a charter default by STX Pan Ocean also does not help. The original charter rate, according
        812 words
      • Article, Illustration
        Lock icon Have faith in an old friend
        1361 30  -  Ben Fok WEALTH INSIGHTS Unit trusts are a good way to diversity across assets CEO, Grandtag Financial Consultancy (S) EARLY this year, Michael consulted me on investing $800,000 for the purpose of wealth accumulation. As a financial adviser, we went through the "know your
        1,361 words
    • Article, Illustration
      Lock icon 'Borrowed' good times are over
      1992 29  -  Teh Hooi Ling show me the money Now that deleveraging is taking place, corporate earnings globally will have to come down a few notches and may take some time to climb back to 2007 peaks hooiling@sph.com.sg Senior correspondent LAST year, when the world economy and
      AFP; : Bureau of Economic Analysis; : Financial Sense.com  -  1,992 words
    • Article
      Lock icon Fund Scoreboard
      234 29 CATEGORY ANNUALISED 1-MTH 3-MTH 6-MTH 1-YR 3-YR S-YR CY2007 US Dollar Money Market 2.24 8.32 7.89 1.20 -1.45 -0.95 -2.24 US Dollar Government Bond 0.64 6.73 4.81 3.68 -1.24 -0.51 -0.18 JPYBond 5.73 10.76 3.71 13.01 -1.38 -2.09 0.20 SGD Money Market US Dollar Global Bond -2.28 -2.58
      234 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      478 31 Househunt PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 1 NON-LANDED The Sail ©Marina Bay Apt 02/10/2008 99 1033 1063 1029 The Sail Marina Bay Apt 03/10/2008 99 1033 2531 2450 The Sail ©Marina Bay Apt 30/09/2008 99 861 1694 1968 The Sail
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      Lock icon Page 31 Advertisements Column 2
      502 31 PROPFRTYTRANSACTIONS WITH CONTRACT DATFS RFTWFFN SFPT ?9 AND OCT4. 700R PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) Seraya Breeze Apt 30/09/2008 FH 1281 850 Sunshine Loft Apt 29/09/2008 FH 1367 805 589 TheEsta Apt 30/09/2008 FH 1475 1335 905 TheEsta Apt 29/09/2008 FH
      502 words
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  • WEALTH REAL ESTATE
    • Article
      Lock icon Over 2,000 homes for Q4 launch?
      1261 32  -  Uma Shankari Expect more high-end and mid-range launches before the year ends By Coming up Likely launches in Q4 08 PROJECT NAME Residential apartments Landed housing development Ricchezza Waterscape At Cavenagh The Arte Sentosa Quayside Landed housing development Landed housing development Balcon East Landed
      1,261 words
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  • Page 33 Miscellaneous
    • Miscellaneous
      Lock icon Page 33 Miscellaneous Column 1
      110 33 I I] UPS THE ANTE t V A new restaurant opening in Hong Kong, revamped ready to roll jH concepts in Singapore and an ultra-high-end venture. chef Thomas Will Les Amis'high stakes play pay off?^ Mayr, relocated from Singapore, _^y^ \".*'l '^"""""x^" toe^~^ at Les Amis' >'"' WL ***"*^*ji.new premises
      110 words
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  • DINING
    • Article, Illustration
      Lock icon Les Amis ups the ante
      1144 34  -  Jaime Ee A restaurant opening in Hong Kong revamped concepts in Singapore, and a new ultra-high-end venture. Les Amis has a lot on its plate. Will it pay off? By ANDY See is a man on a mission. He's also a tired man on a
      YEN MENG JIIN; MICHAEL PERINI  -  1,144 words
    • Article
      Lock icon In good hands
      495 34 Les Amis 1 Scotts Road #02-16 Shaw Centre S 6733-2225 NOW that Thomas Mayr is building his own kitchen in Les Amis Hong Kong, the stage is set for another chef to step in to keep things on an even keel. Armin Leitgeb comes to Les Amis
      495 words
    • Article, Illustration
      Lock icon Park life
      613 35 Casa Verde Visitors Centre, Singapore Botanic Gardens, Cluny Road S6467-7326 BACK in pre-renovation days, Cafe Les Amis was a bit of a shabby shack where people brought their dogs and ate fried Hokkien noodles or mee siam and were perfectly happy despite the no-frills ambience. The Les Amis
      613 words
    • Article, Illustration
      Lock icon Ultra-bespoke
      444 35  -  Geoffrey Eu FiftyThree [opening soon] 53 Armenian Street Tel: 6334-5535 FOR a young chef who's about to come under intense culinary scrutiny by opening his first restaurant a much-hyped, high-end and ultra-bespoke addition to the Les Amis Group Michael Han is remarkably composed, possibly because he's had plenty of
      444 words
    • Article, Illustration
      Lock icon Bag it
      417 35  -  Jaime Ee Lazy Gourmet [opening soon] www.lazygourmet.com.sg A FEW years ago, when Les Amis underwent its first expansion spree, it opened a deli called Lazy Gourmet which sold gourmet products and a line of frozen foods like soups and pasta sauces as well as stews and the like.
      417 words
    • Article, Illustration
      Lock icon Over easy
      1074 36  -  Audrey Phoon Fresh produce, simply served. Scrumptious Boomarang Bistro Bar 60 Robertson Quay #01-15 a 6738-1077 IT'S hard to take a restaurant that's called Boomarang and serves emu, kangaroo and crocodile meat seriously; easier to think it's some gimmicky pseudo-Aussie joint opened by an amateur restaurateur who spent
      YEN MENG JIIN  -  1,074 words
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  • ENTERTAINING
    • Article, Illustration
      Lock icon A finger in every bao
      848 37  -  Audrey Phoon guest chef Practice makes perfect in the art of making delicate dim sum By HAVING fat fingers doesn't stop you from making delicate dim sum. That's one thing we learnt from Cheung Kin Nam. The dim sum chef at Xin Cuisine, who has
      YEN MENG JIIN  -  848 words
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  • HOME & GARDEN
    • Article, Illustration
      Lock icon LIGHT
      995 38  -  Corinne Kerk personal space A dim intermediate terrace is transformed with a double volume ceiling, plenty of glass and minimal design. By YOU don't have to be the least bit interested in fish. But the moment you step into Keith Kan's driveway, you'll find it very hard to stay
      ARTHUR LEE  -  995 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Old world made new
      24 40 The mystery and allure of ancient gemstones combine with contemporary details to form modern classics in jewellery NEXT PAGE I
      24 words
    • Article, Illustration
      Lock icon Inspired by the classical
      677 41  -  Cheah Ui-Hoon MODERN creations with an old world aura that's how best to describe Temple St Clair jewellery. Inspired by European Renaissance aesthetics, they may be old world but they're certainly the hot rocks of this age recognised as timeless modern classics. Temple St Clair jewellery
      677 words
    • Article, Illustration
      Lock icon Into the green
      531 41  -  Cheah Ui-Hoon FOR those who have always been a little intimidated by jade jewellery do you wear it with a cheongsam and a big hairdo? take heart, it's getting a lot easier to pick up contemporary jade pieces and even designer jade jewellery these days. And it
      531 words
    • Article, Illustration
      Lock icon Bejewelled faces
      503 41  -  Audrey Phoon THEY say diamonds are a girl's best friend, but slap them on a watch and chances are the gents will take to them just as well. Or so one might reasonably assume, given the rising interest among men for bling-encrusted timepieces. According to Cortina Watch regional
      503 words
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  • TRAVEL
    • Article, Illustration
      Lock icon ON A SWISS HIGH
      1160 42  -  Uma Shankari A perennial favourite for tourists, Switzerland still has some surprises up its sleeve T'S only natural that when you think of Switzerland, images of watches, cheese and chocolates run through your head. But why not a scene straight out of the movie Sideways, where
      1,160 words
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  • HEALTH
    • Article, Illustration
      Lock icon LIVING IT UP
      714 43  -  Cheah Ui-Hoon A breast cancer survivor speaks on her renewed zest for life. O be diagnosed with breast cancer is awful news, no matter at what age. But when you're only 26 years old, there's an element of surrealism to it. When Rosalind Ng found out that
      714 words
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  • Page 44 Advertisements
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      Lock icon Page 44 Advertisements Column 1
      380 44 presents v t 'RiCESavvy §Pi4 What's good about Wmk* Brown Rice? 1 "^B The second installation of a six-part series, we explore >*M the nutritional benefits that brown rice provide. it 2&&* i mpi*^^ The chief staple food for y many, brown rice is cholesterol-free, Q+^K^l^ Q^l llV*^ gluten-free and
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  • WEEKEND WITH
    • Article, Illustration
      Lock icon Lofty pursuits
      803 45  -  Audrey Phoon Meet Florian Bollen, the man behind the Singapore Flyer. By WEEKEND WITH FLORIAN BOLLEN CHAIRMAN GREAT WHEEL CORPORATION MOST people prefer not to mix pleasure with business, but when one of your greatest pleasures is scaling heights for the view and your business is constructing giant
      803 words
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  • SPORT
    • Article, Illustration
      Lock icon Time for local MNCs to step up sponsorship
      584 46  -  Ven Srineevasan no holds barred ven@sph.com.sg Senior correspondent IT was a short message on the tournament's website, but one which left many followers of the sport cheering. "Recent events involving the Wachovia Championship's lead corporate sponsor Wachovia Corp has raised many questions
      BERITA HARIAN FILE PHOTO  -  584 words
    • GOLF
      • Article, Illustration
        Lock icon Quiet, please
        1172 47  -  Justine Moss Crowd control, or lack of it, is becoming an issue at professional tournaments. By WHEN the European Ryder Cup team returned to US soil last month to try to retain the Cup and make it four wins in a row, it wasn't just the 12-man US
        mm REUTERS  -  1,172 words
    • MOTORING
      • Article, Illustration
        Lock icon Euro Disney the next venue for French GP?
        431 48  -  Samuel Ee fl watch By samuelee@sph.com.sg JUST as a giant panda prepares to host tomorrow's Chinese Grand Prix, a future Fl race in France could well be flagged off by a mouse in a red pair of shorts. In case you haven't
        431 words
      • Article, Illustration
        Lock icon Auto best
        261 48  -  Samuel Ee By IT is no exaggeration to say that the new $14 million Autobacs outlet in Übi has the largest range of automotive accessories and other auto-related products in Singapore. The three-storey building has a whopping 10,000 individual items only the Japanese chain's flagship stores in Tokyo
        ARTHUR LEE  -  261 words
      • Article, Illustration
        Lock icon THE BIG EASY
        801 49  -  CY Chew BMW's all-new fifth-generation flagship limousine is easily a big winner. By MAKING it look easy is one of the hallmarks of a winner. Just look at Tiger Woods' golf swing and the new BMW 7 Series. Cruising along on unrestricted autobahns at over 200 kmh
        801 words
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      Lock icon Page 46 Advertisements Column 1
      761 46 Wine^Cline withßTWeekend Pine Court Chinese Restaurant man to the Michelin star twin chefs On afternoons of weekends and public Level 35, Grand Tower Jacques and Laurent Poucel is set to take holidays, indulge in a sumptuous Pacific Singapore Meritus Mandarin Singapore the region by storm. Andre regales diners all-you-can-eat spread
      761 words
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  • Page 48 Advertisements
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      Lock icon Page 48 Advertisements Column 1
      65 48 m.^^ r^ With the new 2008 Porsche Cayenne, renowned for its power and handling. Life suddenly seem less restrictive. Available Models: _^H| Cayenne 3.6 V6 Cayenne SVB jS Cayenne GTS VS iW^^^/i Cayenne Turbo IP V^1 CayenneTurboS where dreams become REALITY —^f*NEWALEXANDRA SHOWHOOM.THE ALEXCiER, 237 Alexandra Road #01-13/14/15/16 TEL: 6473
      65 words
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