The Business Times, 21 October 2008

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Microfilm: NL29504
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •S* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Tuesday, October 21,2008
    20 words
  • Article, Illustration
    Lock icon Rattled contractors give projects a miss
    846 1  -  UMA SHANKARI Building and Construction Authority Fearing rising costs, some stop bidding for new jobs By [SINGAPORE] Many contractors are refusing to tender for new jobs as they fear that their projected profits could dissolve into losses if the prices of raw materials keep
    : Building and Construction Authority  -  846 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      45 1 lorn iam 1 COMP 909.51 +4.28 IIKKEI225 9,005.59 +311.77 1ANG SENG 15,323.01 +768.80 SET INDEX 476.95 +5.64 JAKARTA COMP 1,426.94 +27.51 1ANILACOMP 2,062.88 -35.38 ;eoulcomp 1,207.63 +26.96 iHENZHEN B 259.22 +5.90 IUMBAI IND 10,223.09 +247.74 12N00N EDT Cham )OW 9,005.94 +153.72 IASDAQ 1,723.66 +12.37
      45 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 16.265 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 4.50 US 4.50 CANADA 4.50 SWITZERLAND 2.82 INDIA 13.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      46 1 IS$ (S$ per US$) 1.477 (USS/SS per 1.747 2.579 ;URO (US$/S$/E) 1.348 1.990 Forei' in currenc ier US$ S$ 'EN 102.10 69.20 3.523 2.386 IK$ 7.758 5.254 !AHT 34.29 23.22 lUPIAH 9,815 6,647 1ENMINBI 6.830 4.626 INDIAN RUPEE 48.78 33.04 1.426 0.966 IZ$ 1.619 1.097
      46 words
  • Article
    Lock icon Govt acts to cope with major spending ahead
    861 1  -  LEE U-WEN Constitution tweaked as Singapore may need to pour extra cash into economy By [SINGAPORE] Spending by the government is heading only one way: up. Billions of dollars more are needed in the coming years to pay for education, research and
    861 words
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  • Page 1 Miscellaneous
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  • TOP STORIES
    • Article, Illustration
      Lock icon Fed chief pushes for more pump-priming
      535 2 Package should include provisions to break through the stubborn credit clog [WASHINGTON] US Federal Reserve chairman Ben Bernanke told Congress yesterday that a fresh round of government economic stimulus is a good idea because there remains a risk that the country's economic weakness could
      AFP  -  535 words
    • Article, Illustration
      Lock icon China's Q3 growth slows to 9%
      336 2 [BEIJING] China's economic growth rate slipped into single digits in the third quarter for the first time in at least four years under the impact of the global credit crisis and weakness in the domestic property sector. Annual gross domestic product (GDP) growth slowed
      National Bureau of Statistics of China AP Graphics  -  336 words
    • Article
      Lock icon NTU don sees protracted recession, U-shape recovery
      540 2  -  LYNETTE KHOO Zero growth in 2009, upturn only in 2010, IR delays expected By [SINGAPORE] Singapore will probably suffer a protracted recession that will end with a U-shape recovery only in 2010, says a Nanyang Technological University (NTU) economist. And this means the
      540 words
    • Article
      Lock icon Huge forex loss hits Citic Pacific
      437 2 Reuters, Bloomberg It accuses senior finance director of unapproved trades [HONG KONG] Beijingbacked Chinese conglomerate Citic Pacific, the latest company hit by global financial market turmoil, yesterday warned of potential foreign exchange losses of nearly US$2 billion and accused its senior finance di- rector
      Reuters, Bloomberg  -  437 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Govt acts to cope with major spending ahead
        80 2 SPENDING by the Singapore government is heading only one way: up. Billions of dollars more are needed in the coming years to pay for education, research and development, healthcare, public housing and to further develop a vibrant city centre. This was why
        80 words
      • Article
        Lock icon Rattled contractors give projects a miss
        47 2 MANY contractors in Singapore are refusing to tender for new jobs as they fear that their projected profits could dissolve into losses if the prices of raw materials keep climbing. This reluctance could delay some projects, industry players said. FRONT PAGE
        47 words
      • Article
        Lock icon Fed chief pushes for more pump-priming
        69 2 US FEDERAL Reserve chairman Ben Bernanke told Congress yesterday that a fresh round of government economic stimulus is a good idea because there remains a risk the country's economic weakness could last for some time. Mr Bernanke's remarks marked his first endorsement of another
        69 words
      • Article
        Lock icon Enough muscle to defend Sing dollar: MAS
        65 2 THE Monetary Authority of Singapore still has ample means to defend the local currency despite its commitment to guarantee all bank deposits using the nation's reserves, said Lim Hng Kiang, Minister for Trade Industry yesterday. Mr Lim who is MAS deputy chairman said
        65 words
      • Article
        Lock icon Health check shows S'pore banks are sound
        67 2 SINGAPORE'S financial system is "sound and stable and has not been significantly affected so far" by the turmoil in the West, Lim Hng Kiang, deputy chairman of the Monetary Authority of Singapore, told Parliament yesterday. Banks here are well capitalised, solvent and liquid,
        67 words
      • Article
        Lock icon Prices of commodity stocks take a hit
        56 2 PRICES of commodity stocks have slumped in recent weeks as investors slashed their holdings amid a worsening credit crunch. The stock price of Wilmar has nearly halved since January to close at $2.30 yesterday, while Noble Group lost 66 per cent over the
        56 words
      • Article
        Lock icon Qian Hu's Q3 profit jumps 20.9%
        57 2 QIAN Hu's third-quarter profit rose 20.9 per cent to $1.5 million as revenue grew 4.1 per cent to $23.6 million boosted by overall growth in all of its core business and on strong demand for its inhouse-bred dragon fish and strong export sales from
        57 words
      • Article
        Lock icon S*Bio gets US$26m from global venture capitalists
        67 2 DESPITE tightening credit conditions, local drug discovery firm S*Bio has managed to secure US$26 million from a group of international venture capitalists for its series B financing. The successful fund raising exercise has given a confidence boost to the company as it reflects
        67 words
      • Article
        Lock icon M'sia to pump RM5b more into share purchase fund
        76 2 IN A bid perceived as a boost for its flagging stockmarket, Malaysia has proposed channelling another RMS billion (Ss2.l billion) to double the amount in a special fund set up in 2002 to buy undervalued stocks. Market players are divided on
        76 words
      • Article
        Lock icon ING sells Taiwan life insurance business
        44 2 DUTCH financial group ING said yesterday that it will sell its Taiwan life insurance unit to Fubon Financial for US$6OO million, a day after securing a 10 billion euro (5519.9 billion) government cash injection. GREATER CHINA/INDIA, PAGE 19
        44 words
    • Article, Illustration
      Lock icon Enough muscle to defend Sing $: MAS
      722 4  - Enough muscle to defend Sing MAS SIOW LI SEN Guarantee for bank deposits unlikely to ever really be used, says minister By [SINGAPORE] The Monetary Authority of Singapore (MAS) still has ample means to defend the local currency despite its commitment to guarantee all bank deposits using the nation's reserves,
      YEN MENG JIIN  -  722 words
    • Article
      Lock icon Health check shows banks are sound
      480 4  -  CHEW XIANG Banks here are well capitalised, solvent, liquid: Hng Kiang By non-bank loan and credit exposures, Mr Lim said. "Most banks are significantly below this limit and the aggregate banking system's exposure here is just 15 per cent." If needed, MAS stands ready
      480 words
    • Article, Illustration
      Lock icon Weak growth may last several quarters
      443 4  -  LEE U-WEN BY [SINGAPORE] As Singaporeans face the reality that the economy is in a technical recession, the government said yesterday that weak growth is likely to continue for the next few quarters. The volatile global financial situation and a deteriorating external climate aside,
      443 words
    • Article
      Lock icon Embellish checks and balances, suggests NMP
      440 4 [SINGAPORE] Nominated Member of Parliament and executive chairman of PricewaterhouseCoopers Gautam Banerjee yesterday gave his take on the amendment that would change the way the government can spend Singapore's reserves. Below are some excerpts from his speech: Unlike the present system, which is based
      440 words
    • Article
      Lock icon GIC, Temasek in position of strength
      275 4  -  LEE U-WEN By [SINGAPORE] Singapore's two investment companies the Government of Singapore Investment Corporation (GIC) and Temasek Holdings are well-placed to take advantage of any opportunities that may arise during the current economic slowdown, the finance ministry said yesterday. Its Senior Minister of State,
      275 words
    • Article
      Lock icon High building costs cut both ways
      756 5  -  CHUANG PECK MING COMMENTARY Construction costs affect not just the immediate sectors but also Singapore's competitive edge in attracting foreign investments By Yet, there is no denying that the government has taken steps to ease the crunch in building resources that would push up
      756 words
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      Lock icon Page 2 Advertisements Column 1
      58 2 PERRELET /^^^^6i INVENTOR OF THE AUTOMATIC WATCH fc^ The Skeleton Chronograph 9 JmMk An open dial that allows you to explore the meandering of the complex mechanism. <^^*^o^^k yfiS^ It is a truly magnificent and intriguing voyage. |^yjv^~ -jg^^^ Precious Time Pte Ltd www. pre cioustime.com.sg Millenia Walk #01-35, Tel:
      58 words
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      Lock icon Page 3 Advertisements Column 1
      80 3 Isn't it interesting how seductive solidity is in times Independent Asset J Managers Family Office I I I Global Custody iU /H V Investor Services 1/ rj \C^ f Asset Management W\ r^ r^ r^ Investment Funds 111 \V^ LI I V^ V^ Um fell Bank Pictet Cie (Asia) Ltd
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      554 5 SINGAPORE'S MOST MAGNIFICENT LUNCH Prive has introduced what is arguably Singapore's most magnificent lunch; a two-course lunch for $32++, a three-course lunch at $38++ or the four-course magnificent lunch at $68++. Throw in the culinary talents of our Mains are a culinary tour de force with Executive Chef Tony Bilson
      554 words
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  • COMPANY NEWS
    • Article
      Lock icon Prices of commodity stocks take a hit
      526 6  -  OH BOON PING Poor economic conditions resulted in fall in commodity prices and returns By PRICES of commodity stocks have slumped in recent weeks as investors slashed their holdings amid a worsening credit crunch. The stock price of Wilmar International nearly halved since
      526 words
    • Article
      Lock icon E3 says it's healthy, pleads for patience
      428 6  -  CHEW XIANG CEO says oil refinery could net USsll.3m; receivables auditor is of good repute By LISTED E3 Holdings yesterday denied that there was significant doubt as to its viability as a going concern and clarified statements made in the auditor's report to
      428 words
    • Article, Illustration
      Lock icon Corporate loan growth likey to slow: OCBC
      484 6  -  EMILYN YAP Bank still ready to lend, but finance will cost more and entail more scrutiny By CORPORATE loan growth is likely to slow as companies delay expansion plans in a cooling economy, OCBC Bank said yesterday. While the bank is still ready
      YEN MENG JIIN  -  484 words
    • Article, Illustration
      Lock icon China Printing directors look at options to minimise losses
      431 6  -  LYNETTE KHOO By INDEPENDENT directors (IDs) of China Printing Dyeing are looking at all options to minimise losses to shareholders, including a possible reorganisation of the company. They have also terminated the services of chief executive Tao Shoulong and deputy CEO
      431 words
    • Article
      Lock icon SingTel unit Optus culls 115 positions
      361 6  -  WINSTON CHAI No plans to cut jobs in S'pore but headcount frozen By SINGAPORE Telecom's Australian unit Optus will cull 115 jobs from a key business division. The lay-offs affect Optus Networks, which oversees the deployment and maintenance of wireless and fixed-line infrastructure. The
      361 words
    • Article
      Lock icon Making profit warnings more meaningful
      564 6  -  WONG WEI KONG AS THE earnings season gets underway amid a financial and economic crisis, profit warnings 'Will increasingly be issued by underperforming companies ahead of their results announcement. The idea behind such warnings is a good one: it is to allow market expectations a
      564 words
    • Article, Illustration
      Lock icon K-Reit income jumps 180.7% on new assets
      414 9  -  UMA SHANKARI Average gross rents of its properties rose 75.7% to $7.43 psf pm in Q3 BY K-REIT Asia, Keppel Land's listed office trust, yesterday reported a 180.7 per cent increase in third-quarter distributable income as contributions flowed in from new acquisition One
      ARTHUR LEE  -  414 words
    • COMPANY BRIEFS
      • Article
        Lock icon No financial worries, says China Eratat
        95 9 CHINA Eratat Sports Fashion yesterday reiterated that the group's financial position remains healthy. The group's net current assets amounted to 274.5 million renminbi (5559.4 million) as at June 30, 2008, which included 210.5 million renminbi in cash and bank balances. It does not have
        95 words
      • Article
        Lock icon Reyphon warns of lower Q3 figures
        63 9 REYPHON Agriceutical warned yesterday that the group's financial results continue to decline and the results for the third quarter ended Sept 30, 2008, are expected to be significantly lower from a year ago. It said the full details of the group's results will be
        63 words
      • Article
        Lock icon Profit warning from Second Chance Prop
        49 9 SECOND Chance Properties yesterday issued a profit warning for its first quarter ended Sept 30. The expected loss is due to a decline in the market value of its investment in Reits and other quoted securities resulting in the group booking unrealised losses.
        49 words
      • Article
        Lock icon UOB raises stake in Vietnam bank
        76 9 UNITED Overseas Bank announced yesterday that it has obtained approval from Vietnamese authorities to increase its shareholding in the Southern Commercial Joint Stock Bank, Vietnam, from 10 per cent to 15 per cent of the issued capital. UOB subscribed for 16.07 million additional shares
        76 words
      • Article
        Lock icon Ezra signs vessel charter deals
        60 9 EZRA Holdings has announced US$lO4 million worth of term charter contracts for four Anchor Handling, Towing and Supply vessels (AHTS). Under the contracts, which comprise both new and renewal charters, Ezra will charter the AHTS to various parties for operation in South-east Asia for periods
        60 words
    • Article
      Lock icon Evergro posts Q3 net profit of $152,000
      383 9  -  EMILYN YAP This marks a turnaround from net loss of $3.44m incurred a year ago By KEPPEL Land unit Evergro Properties yesterday report ed net earnings of $152,000 for the third quarter ended Sept 30, 2008. This marks a turnaround from a net
      383 words
    • Article, Illustration
      Lock icon Qian Hu's Q3 profit jumps 20.9% to $1.5m
      426 10  -  VINCENT WEE Growth boosted by strong demand for ornamental fish, sales of accessories By QIAN Hu's third-quarter profit rose 20.9 per cent to $1.5 million as revenue grew 4.1 per cent to $23.6 million boosted by overall growth in all of its
      426 words
    • Article
      Lock icon A-Sonic sees Q3, 9-month losses
      230 10  -  NISHA RAMCHANDANI By AVIATION engineering and logistics services provider A-Sonic Aerospace yesterday warned investors of losses. "The board wishes to announce that the results of the company and its subsidiaries for the third quarter ending Sept 30, 2008 and the nine-month period ending Sept 30
      230 words
    • Article, Illustration
      Lock icon Thai Beverage chips in with $100k to The Bull Charge
      202 10 THAI Beverage has contributed $100,000 to the Gateway Challenge of The Bull Charge 2008. The Bull Charge 2008 is Singapore Exchange's (SGX) fifth charity fun run in the central business district (CBD). Under the Gateway Challenge, sponsors have an option
      202 words
    • Article
      Lock icon At a glance
      168 10 3 months ended September 2008 9 months ended September 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT I PREVIOUS CHNG CURRENT I PREVIOUS CHNG (S$m) (S$m) (S$m) (S$m) 1 MobileOne 34.40 43.60 -21.1 196.70 200.20 -1.7 113.50 133.90 -15.2 605.90
      168 words
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      Lock icon Page 7 Advertisements Column 1
      142 7 J Wmmm*Sik —^*mlk\ W ✓AY 12 ran* i i S B i V' B a^ vy'.v'v 3 PS? iV ■L '\yMc' i^ 'V' BS Every economy in the world has weathered difficult times before. At Merrill Lynch, we understand that in the middle of the storm, it is hard to
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Investors bank on US Monday rebound
      567 8  -  R SIVANITHY STOCKS ST Index jumps 61 points as December futures on Dow Jones index gain ground AFTER collapsing 250 points between Wednesday and Friday last week, a short covering bounce and a gain in the Hang Seng Index and the December futures on
      Bloomberg  -  567 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      94 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 6 5 0 0 0 6 6 5 lanufacturing 71 43 60 14 75 52 74 Commerce 22 23 21 27 26 23 "pt/Stor/Comms 15 14 16 15 ■inance 18 15 18 15 instruction 'roperties
      94 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      107 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 33,027 33,027 129,995 129,995 lanufacturing 237,057 23,029 260,086 155,441 752 156,193 lommerce 86,172 4,712 90,884 55,399 782 56,181 'pt/Stor/Comms 112,243 1,400 113,643 200,812 315 201,127 :i nance 39,989 39,989 328,921 328,921 lonstruction 16,004 8,596 24,600 1,505 338 1,843 'roperties
      107 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 8 lapitaLand 3.130 +0.280 lapitaMall 2.050 +0.130 jtyDev 7.280 +0.560 losco Corp 0.795 +0.040 IBS Grp 13.040 +0.040 :&N 3.090 +0.190 Sent Intl 0.395 +0.005 iolden Agri 0.185 +0.015 IK Land 2.500 -0.100 IMH 19.920 +0.420 ISH 10.500 +0.500 lardineC&C 10.940 +0.640 Ceppel Corp 4.650 -0.250 Ceppel
      105 words
    • Article
      Lock icon BROKERS' TAKE
      411 8  -  LYNETTE KHOO Residential Property Sector DBS Group Research, Oct 20 HIGH and dry: With a technical recession on our hands and credit markets worldwide tightening up amidst global fears of recession and corresponding asset devaluation, we take a cautious view of the property sector over the short term,
      411 words
    • Article, Illustration
      Lock icon Downside looks limited at this juncture
      268 8  -  KEN TAI, CHART POINT But the long-term downtrend for ST Index remains OUR long-term view of the Straits Times Index (STI) has not changed; we maintain that the STI will likely consolidate around 1,665. For short-term traders, a trading window may now open up,
      NextVIEW  -  268 words
    • Article, Illustration
      Lock icon Risk-takers back after promises of more help
      519 8  -  LARRY WEE CURRENCIES ASIAN stocks and currencies rallied yesterday, heartened by weekend news of more measures to support faltering banks and pump-prime economies hurt by slowing growth. US President George W Bush, French President Nicolas Sarkozy and European Commission President Jose Manuel Barroso
      ■: Reuters  -  519 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      56 8 Oct 20 VALUE CLOSE IT OB/OS -1375.00+357.C IT CADI -*****.00 +35. IT 10-day MA -*****.00-138.0i TSE ST Mid Cap 382.11 +11.5' TSE ST Small Cap 304.62 -0.2, TSE ST All Share 460.74+13.3, TSE ST China Top 158.88 +2.9' TSE ST China 161.98 +4.0 IOB Catalist 83.49 -0.5:
      56 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Golden Aqri 107,114,000 Noble Grp 40,886,000 SingTel 37,696,000 SembMar 35,064,000 Cosco Corp 33,171,000 E3 Hlds 32,662,000 Keppel Corp 23,723,000 Gent Intl 22,192,000 CapitaLand 21,995,000 Yanqzijianq 21,405,000 VALUE(S) DBS Grp 119,539,540 Keppel Corp 110,352,230 SingTel 97,238,770 UOB 87,210,600 CapitaLand 67,487,710 OCBC Bk 55,422,500 SGX 53,971,900 SembMar 52,258,910
      58 words
    • Article
      Lock icon RISES
      98 8 China H 10US$ CLOSE UP 952 94.5 7.2 IOB 1560 84.0 5. ISH 1050 73.8 5.' IOBMBLJCW*****0 217 69.0 46.' lardine C&C 1094 64.0 6., IMH 1992 62.0 2., At 728 56.0 8. i Land 313 28.0 9.: ICBC Bk 638 28.0 4.' filmar 230 24.0 11. BY PERCENTAGI
      98 words
    • Article
      Lock icon FALLS
      113 8 CLOSE DOWN ICBC Bk4.5%NCPS 100 8350-100.0 -1.2 ICBCCai 5.1%NCPS 100 9000 -80.0 -0.! iBS Bk6% NCPS 10 9940 -56.0 -0.6 lain irm 410 -36.9 -5.7 Cor| 465 -25.0 -5.1 India Ni 10 930 -21.0 -2.2 LD 10US$ 7940 -14.8 -0.1 IK Land 250 -14.8 -3.8 "otal Access 73 -13.3
      113 words
    • Article
      Lock icon CURRENCIES
      82 8 iere« S$ stands 0O20 %CHNG CLOSE FR0O17 YR2008 S$ LOW S$ HIGH ISS 1.4767 0.72 1.4850 1.3457 iuro 1.9903 0.36 2.2064 1.9750 'ounds 2.5851 -0.56 2.8431 2.4874 1.0363 -3.18 1.3251 0.9389 ren* 1.4452 2.02 1.5091 1.2619 lupiah* 0.***** 0.83 0.***** 0.***** !aht* 4.3078 0.78 4.4299 4.0190 'eso* 3.0758 0.72
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      Lock icon Page 10 Advertisements Column 1
      209 10 Subscribe Win! The Straits Times Digital The Business Times online The latest news. Any time, anywhere. From now till 31 st October 2008, sign up for any of The Straits Times J Digital or The Business Times online (BTO) subscription plans below to: Get sure-win rewards Stand a chance to
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      Lock icon Page 10 Advertisements Column 2
      200 10 BUILDING FUTURES One success story at a time It's time to upgrade M^ my financial knowledge m -j, fy WE HAVE THE PLAN I Enterprise Risk Management 3-4 Nov Management and Control of 21 Nov from a COSO Perspective Operations Risks in Derivatives H B^ Investment Analysis and Valuation 24-26
      200 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Good labour practices key to growth: study
      399 11  -  NISHA RAMCHANDANI Asean must adopt progressive policies to attract MNC investments, it says BY PROGRESSIVE and flexible labour practices, skills training and more transparent communications will accelerate Asean's economic development, a study has found. The study, by consultancy firm Mercer, looked at labour
      399 words
    • Article, Illustration
      Lock icon Govt committed to growing energy sector
      442 11  -  RONNIE LIM By THE energy industry is entering unchartered territory and the rules are constantly changing, S Iswaran, Senior Minister of State (Trade Industry), said, adding that "the current financial turmoil certainly has not helped". He was addressing oil industry executives at a Platts'
      442 words
    • Article
      Lock icon Seagate staff raises $24,000 for Child Aid
      131 11 SEAGATE Technology has helped raise $24,000 for a worthy cause by engaging its employees. The employees bought 6,000 bears which helped raise $18,000 for Child Aid. Seagate contributed $1 for each bear sold, boosting the total to $24,000. The company's senior vice-president of
      131 words
    • Article
      Lock icon Credit risks, low volumes may drive mergers in logistics sector
      359 11  -  TEH SHI NING Firms must be flexible and quick, says BDP Int'l CEO By THE key challenges of credit risks and lower volumes will likely lead to intense consolidation in the logistics and transport sector in coming months, said Richard
      359 words
    • Article, Illustration
      Lock icon High-tech showcase opens in Fusionopolis
      348 11  -  ONG BOON KIAT Fusion World aims to spur students, firms to be tech-sawy By A GALLERY that showcases some of the most innovative made-in-Singapore technologies has become the latest tenant at Fusionopolis. Dubbed FusionWorld, this 700 square metre interactive and multi-sensory gallery was opened yesterday
      348 words
    • Article
      Lock icon Experian takes 40% stake in DP Information
      253 12  -  TEH SHI NING By' GLOBAL information services company Experian has acquired a 40 per cent minority stake in Singapore's DP Information Group. The 30-year-old DP Info provides credit and business information, develops credit solutions and ratings, and has an ACRA-ap-pointed bureau providing services
      253 words
    • Article
      Lock icon MOU with Brazilian state on planning, IT
      217 12 SINGAPORE Cooperation Enterprise (SCE) said yesterday it has signed a memorandum of understanding (MOU) with the Brazilian state of Minas Gerais to share Singapore's public sector expertise in information technology and master planning. It is the agency's first partnership with Minas Gerais. SCE
      217 words
    • Article
      Lock icon S*Bio gets US$26m injection from global venture capitalists
      512 12  -  CHEN HUIFEN CEO says successful fund raising in tough times shows belief in firm's products By DESPITE tightening credit conditions, local drug discovery firm S*Bio has managed to secure US$26 million from a group of international venture capitalists for its series B
      512 words
    • Article, Illustration
      Lock icon Going green reaps rewards for Alexandra Hospital
      390 12  -  JAMIE LEE It uses solar panels and even has a butterfly garden By UTILITIES might make up less than 2 per cent of Alexandra Hospital's expenses, but the savings from being energy efficient could still help to lower patients' bills, said the hospital's
      390 words
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      Lock icon Page 12 Advertisements Column 1
      36 12 Chinatown commercial building FOR SALE interested please call Joseph at 6735 8986 IjJ ,I'i Jit «I lilMlLii iillJi [Ell OptionsMaster Hedge Fund I Disclaimer: Past performance is not necessarily indicative of future or fikely performance I
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      Lock icon Page 12 Advertisements Column 2
      110 12 SAVE TAX Our qualified professionals W/±J can assist you with offshore q| J structures, shelf companies and incorporations in ALL jurisdictions including: /C^M^SS T^T I British Virgin Islands I Cayman Islands I Bahamas I Seychelles I Hongkong Samoa Full nominee, management secretarial, banking and corporate administration services are available. We
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      1 12 www.omy.sg
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      Lock icon Page 12 Advertisements Column 4
      33 12 Digital Camera worth $549! Contest ends 31 October 2008. 1 Nikon •—"J~p^ a1 i1 r i i i 'i 8.1 megapixels High performance digital image-processing engine Built-in Wi-Fi support Internet connectivity mSm ZapCode
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      301 13 Organised By: Sponsored By: /•"""N SINGAPORE /^S^ INDIAN CHAMBER C ifiYPI^J JOF COMMERCE IHJ fcj(fcj .Ji^l,«. INDUSTRY The Singapore Indian Chamber of Commerce Industry (SICCI) DBS Bank congratulate the recipients of The SICCI-DBS Singapore Indian Entrepreneur Awards 2008 The Indian Entrepreneurs for the Year 2008 Category 1: Large Enterprise Category
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  • SME Inc
    • Article, Illustration
      Lock icon SMEs open to online threats
      786 14 As firms use IP networks to do business effectively, it is essential that they take all measures to prevent data leakages or data breaches, reports RACHEL SIM SMALL to medium-sized enterprises (SMEs) today face challenges from the fast-moving world of technology without realising that these
      786 words
    • Article, Illustration
      Lock icon Improving the taste of waste
      796 14  -  OH BOON PING PRO-ENTERPRISE CHANGES By JUST think about this: someone out there is doing well for themselves and the environment by recycling waste at Singapore's hawker centres. Step forward lUT Global Pte Ltd: a Singapore-based niche environmental waste management company which recently set up
      FILE PHOTO  -  796 words
    • Article, Illustration
      Lock icon Read, reflect, exercise and just relax
      664 15 THIS WEEK'S TOPIC What is a good hobby to pick up when the economy is down? Jackie Cheng CEO Hisaka Holdings Ltd "I think during an economic slowdown, some good hobbies that one can pick up would be meditation, breeze walking, swimming and reading.
      FILE PHOTO  -  664 words
    • Article
      Lock icon A shortcut to competing globally
      846 16 IT MATTERS TradeXchange® lets trade and logistics sector SMEs exchange information and synchronise data securely THE trade and logistics sector brings together a variety of businesses dealing in different products and/or providing a myriad of services. Traditionally, manufacturers, importers, exporters and distributors have stored and
      846 words
  • Page 14 Advertisements
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      61 14 Call 6-531 7681 now for the Payroll Specialist payoay! PayrollServe THE AoU AT DRAYCOTT Iconic Tower at Ardmore Park 1/ Just T.0.P.!! Very exclusive 1/ \l Last unit 22™* floor U Designer showflat Fully furnished f I 3-bedroom 1,270 sq ft Private lift 50m swimming pool Viewing strictly by appointment
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      14 14 Residential Building at Balmoral area for sale Interested please call Joseph at 6735 8986
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  • Page 14 Miscellaneous
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      893 15 SPRING MHiMy^yjaH^iy[jyHy|yjWH)»jyj)i|jj B,.ught to »o Ü b» sm g apore Enabling Enterprise Customising for better service To meet the needs of different customers, Cash Converters, tailored its own unique programme to suit its two groups of customers those who buy and those who sell. C ''s^^KV Similarly, customers selling their
      893 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      80 15 SME The topic for next week's SME Voices column is: "Do you think more investor education is needed to help retirees understand complex investment products, or is regulation the best way to prevent mis-selling?" If you are an SME owner or leader, we would like you to share your views
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      3 16 It—-^ //a 7
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      172 16 tySQ l£ wK m£j* •mm Date: 24 Oct 2008, Friday Venue: 18 Cross Street #08-01 Time: 9.30am 12.00pm Marsh McLennan Centre Who should attend: (China Square Central) Operation Managers, Finance Managers, Singapore *****3 Store/Warehouse Managers Annual stock count exercises can be laborious time-consuming, often affecting the productivity of a firm.
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  • ECONOMY WATCH
    • Article
      Lock icon M'sia to pump RM5b more into share purchase fund
      512 17  -  PAULINE NG Move seen as bid to boost flagging market but some say sum is too small By in Kuala Lumpur IN A bid perceived as a boost for its flagging stockmarket, Malaysia has proposed channelling another RMS billion (Ss2.l billion)
      512 words
    • Article
      Lock icon China's GDP can grow 8% over 10 years
      745 17  -  ANTHONY ROWLEY By in Tokyo CHINA'S economy will continue to grow very strongly throughout the current global downturn and should be able to manage 8 per cent average annual expansion over the next 10 years, World Bank chief economist Justin Yifu Lin
      745 words
    • Article, Illustration
      Lock icon India cuts key rate for first time since 2004
      483 17 Bloomberg [MUMBAI] India's central bank unexpectedly lowered its key repurchase rate for the first time since 2004 as global credit market turmoil threatens to plunge the world economy into recession. The Reserve Bank of India (RBI) cut its overnight lending rate
      Bloomberg; AP  -  483 words
    • Article, Illustration
      Lock icon Falling US stock prices add to deflation risk
      675 17 Reuters [WASHINGTON] Plunging commodity prices could drag US inflation below zero next year and the Federal Reserve will have to stay alert to the risk of a damaging deflation that could erode the economy even if it worries that low interest rates
      ■ Reuters; BLOOMBERG  -  675 words
    • Article
      Lock icon KL to cut growth forecast, review some projects
      547 17 Reuters, Bloomberg Global crisis may affect the economy, says finance minister [KUALA LUMPUR] Malaysia will cut its 2009 growth forecast due to the global economic slowdown, may review its budget deficit targets for this year and next and will examine some infrastructure
      Reuters, Bloomberg  -  547 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Way cleared for Najib to run for top Umno post
      732 18 AP, AFP He gets 64 party nominations, 6 more than required; rival Razaleigh gets none [KUALA LUMPUR] Malaysia's Deputy Prime Minister Najib Razak has secured enough endorsements to run for election as the ruling party's next president, according to an
      AP, AFP; REUTERS  -  732 words
    • Article
      Lock icon Adaro fails to buy back shares from group
      346 18 Reuters But it still plans to buy back shares in open market [JAKARTA] Indonesian coal miner PT Adaro Energy Tbk said yesterday that a plan to buy back its shares from a group of foreign institutions had fallen through, but it still
      Reuters  -  346 words
    • Article
      Lock icon Bakrie closer to Bumi stake sale
      355 18 Bloomberg [JAKARTA] PT Bakrie Brothers, Indonesia's biggest investment company, said it may complete talks for its plan to sell a stake in PT Bumi Resources by Oct 28 and use the proceeds to pay debt. Bakrie Brothers, controlled by the family of Indonesia's Welfare
      Bloomberg  -  355 words
    • Article
      Lock icon KL mulls steps to check slide in palm oil prices
      267 18 Bernama [KUCHING] Malaysia will act to address the slide in global crude palm oil (CPO) prices to ensure the sustainability of the country's oil palm industry. Plantation Industries and Commodities Minister Peter Chin Fah Kui said Prime Minister Abdullah Ahmad
      Bernama  -  267 words
    • Article
      Lock icon Eni studies LNG plant in disputed zone
      185 18 Reuters [JAKARTA] Italian oil group Eni is considering building a floating liquefied natural gas (LNG) plant in the potentially oil-rich Ambalat region's Bukat block, the Indonesian energy minister said yesterday. Indonesia and Malaysia are embroiled in a dispute over the Ambalat region off
      Reuters  -  185 words
    • BRIEFLY ASIA
      • Article
        Lock icon ADAG considers AlG's Asian business
        33 18 Reuters [MUMBAI] India's Reliance Anil Dhirubhai Ambani Group (ADAG) is looking at the Asian insurance business of American International Group (AIG) outside India, the Economic Times reported yesterday.
        Reuters  -  33 words
      • Article
        Lock icon Macau casino revenue falls in Q3
        51 18 Bloomberg [HONG KONG] Macau's casino revenue fell for a second straight quarter, as China's government tightened visa restrictions for its citizens travelling to the city. Gambling revenue fell to 26 billion patacas (Ss4.B billion) in the third quarter from 28.9 billion patacas in the
        – Bloomberg  -  51 words
      • Article
        Lock icon CDB may buy more Anglo American shares
        38 18 Reuters [HONG KONG] China Development Bank (CDB) has a small stake in mining firm Anglo American pic and could buy more of its shares, the South China Morning Post reported yesterday.
        – Reuters  -  38 words
      • Article
        Lock icon China's boom results in health inequity
        55 18 Reuters [HONG KONG] China's economic boom has resulted in stark health inequity between its urban and rural populations. Infant mortality in China's countryside stands at 123 for every 1,000 live births compared with 26 in the richest counties, researchers wrote in a paper published
        – Reuters  -  55 words
      • Article
        Lock icon China Construction 9-month profit up 48%
        44 18 Reuters [SHANGHAI] China Construction Bank Corp yesterday said that its net profit in the first nine months of the year under domestic accounting rules rose 48 per cent from a year earlier to 84.55 billion yuan (5518.3 biUion).
        Reuters  -  44 words
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      1147 18 A MATS I NOTICE TO CREDITORS OF I 1 SS DBS BANK LTD. ™E A™ THE COMBES 50' (Incorporated in the Republic of Singapore) w,nd,ng up, rules NOT|CE op CLOSURE QF BOQKS MERIDIAN LIFE InVeRNATIONAL FOR SSI I 00,000,000 (inllSuidation) 6% NON-CUMULATIVE PREFERENCE |Co W^o^' 321" SHARES ("PREFERENCE SHARES") UftheCom
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      28 18 Lianhe Zaobao I I Guangdong I I special Isi fund S to help workers I Hi who are owed I J wages when I s| factories dose I
      28 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon ING sells Taiwan life insurance business
      714 19 Reuters Sale to Fubon for USs6oom comes a day after 10b euro govt injection [TAIPEI] Dutch financial group ING said yesterday that it will sell its Taiwan life insurance unit to Fubon Financial for US$6OO million, a day after securing a 10 billion euro
      Reuters; BLOOMBERG  -  714 words
    • Article, Illustration
      Lock icon Tata chief warns West Bengal of flight of capital
      298 19 -AFP [NEW DELHI] Tata group chief Ratan Tata, forced to relocate production of the world's cheapest car from eastern India, has warned that there could be a flight of capital and industry from the poverty-hit region. In an open letter to
      -AFP; REUTERS  -  298 words
    • Article
      Lock icon India, Russia lay groundwork for nuclear pact
      232 19 AFP [NEW DELHI] Russia and India were yesterday laying the groundwork for the signing of a civil nuclear energy deal, following New Delhi's signing of similar pacts with Washington and Paris, officials said. Russian Foreign Minister Sergei Lavrov was in India for talks
      AFP  -  232 words
    • Article
      Lock icon China's farm reforms not without pitfalls
      680 19 Reuters ANALYSIS Local governments may exploit the new rules: economist [BEIJING] China's plan to ignite growth in the countryside could also fuel contention, with expanded land transfers offering farmers more freedom yet more risks in a nation where farmland is a battleground over money
      Reuters  -  680 words
    • Article
      Lock icon New rules for exchangeable bonds
      251 19 Reuters [SHANGHAI] China's securities regulator on Sunday announced rules on the issuance of exchangeable bonds by large firms that are shareholders of listed companies, under a scheme aimed at stabilising domestic share prices. The rules, based on a draft announced in September and incorporating subsequent
      Reuters  -  251 words
    • Article
      Lock icon Wall St problems putting Indian outsourcing firms on edge
      354 19 ■AP [BANGALORE] Bangalore, the capital of Indian outsourcing, is perhaps the closest that India comes to Wall Street. In some offices, you can get aUS dial tone, Clocks tell you what time it is in New York. Cappuccinos -as well as
      ■AP  -  354 words
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  • ASIA PACIFIC/WORLD
    • Article, Illustration
      Lock icon Prospect of Opec cut boosts oil
      574 20 Reuters Prices rise above US$74 a barrel; cartel may reduce output by 1m bpd [LONDON] Oil prices rose above US$74 yesterday, supported by expectations that the Organisation of Petroleum Exporting Countries (Opec) may cut output this week. Prices have fallen more than 50 per
      Reuters; AP  -  574 words
    • Article
      Lock icon Bangkok Bank posts 16% fall in Q3 profit
      455 20 Reuters [BANGKOK] Bangkok Bank, Thailand's top lender, posted a 16 per cent fall in third-quarter net profit yesterday, hurt by losses on an investment in Lehman Brothers bonds, but that was better than analysts had expected. The banking industry's prospects remain gloomy
      Reuters  -  455 words
    • Article
      Lock icon Vietnam cuts benchmark interest rate to 13%
      476 20 Bloomberg This is to limit 'negative impact' of global crisis [HO CHI MINH CITY] Vietnam cut the benchmark interest rate to 13 per cent to limit the "negative impact" of a possible global recession on the South-east Asian economy. The central bank reduced
      Bloomberg  -  476 words
    • Article
      Lock icon HSBC buys 88.9% of Bank Ekonomi for US$607.5m
      230 20 Reuters [LONDON] HSBC Holdings, Europe's biggest bank, is buying Indonesia's Bank Ekonomi in a deal likely to be worth near US$6OB million to almost double its presence in the world's fourth most populous nation. HSBC is buying 88.9 per cent of Bank
      Reuters  -  230 words
    • Article
      Lock icon California's green policies create 1.5m jobs
      463 20 NYT [OAKLAND] California's energyefficiency policies created nearly 1.5 million jobs from 1977 to 2007, while eliminating fewer than 25,000, according to a study released yesterday. The study, conducted by David Ro-land-Hoist, an economist at the Center for Energy, Resources and Economic Sustainability at the
      NYT  -  463 words
    • Article, Illustration
      Lock icon An advertising approach that sends the right message
      457 20 NYT [NEW YORK] There is more than one way to look at HSBC Bank's decision to buy 24 ad pages in this week's New York magazine, making it the largest single-is-sue advertiser in the magazine's history. Given the recent turmoil in the
      NYT; BLOOMBERG  -  457 words
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  • GLOBAL FINANCIAL CRISIS
    • Article, Illustration
      Lock icon Untitled
      91 21 'We are going through a quantum downward shift in consumer spending. Any industry that is tied to the consumer will have to downsize and consolidate.' Allen Sinai, chief economist at Decision Economics in New York 'American, European, British structures, despite all the differences in how their systems are organised and
      91 words
    • Article, Illustration
      Lock icon Be afraid – a look at the Fear Index
      802 21 Be afraid a look at the Fear Index NYT, Bloomberg VIX at 70 suggests investors see S&P 500 up or down 20% in 30 days [NEW YORK] Fear is running high on Wall Street. Just look at the Fear Index. With all those stom-ach-churning freefalls and sharp day reversals in
      NYT, Bloomberg; Bloomberg  -  802 words
    • Article, Illustration
      Lock icon Seoul ready to do more after rescue package
      551 21 Reuters [SEOUL] South Korea said yesterday that it was ready to take more action if needed to reassure investors following its US$l3O billion rescue package aimed at staving off the global financial crisis. The country's markets took some heart from the package,
      Reuters; AFP  -  551 words
    • Article
      Lock icon ING takes 10b euro Dutch cash injection
      578 21 Reuters [PARIS] ING grabbed a 10 billion euro (5519.9 billion) Dutch cash injection and Sweden joined countries offering lifelines to their banks, as scrutiny of capital health switched to Societe Generale and its French peers. Shares in ING Group NV leapt 23 per
      Reuters  -  578 words
    • Article
      Lock icon Laughing all the way to the bank... or not
      281 21 Reuters THE financial crisis may ruin some banks and throw thousands of people out of work, but it has generated a wealth of jokes spawned by gallows humour. Q: What's the definition of optimism? A: An investment banker who irons five
      Reuters  -  281 words
    • Article
      Lock icon Germany sets tough conditions for bank bailout
      599 21 AFP, AP Terms include exec pay limit, no bonus and severance plans [BERLIN] The German government has set tough conditions, including executive pay limit, for banks wanting to take advantage of a state bailout programme. In a special meeting yesterday, the cabinet finalised
      AFP, AP  -  599 words
    • Article, Illustration
      Lock icon Bonus system abetted excessive risk taking
      274 21 Reuters [LONDON] Banks have been encouraged to grow faster than was sustainable and the bonus system rewarding bankers has encouraged "excessive risk taking", which may have contributed to the financial crisis, the chairman ofHSßCsaid. "The market and industry will need to consider whether badly
      Reuters  -  274 words
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  • PATRON OF THE ARTS
    • Article, Illustration
      Lock icon Honouring the spirit of generosity
      679 22 The local arts scene has benefited greatly as local firms pump up their CSR contributions, writes moor aisha WITH Singapore companies making the effort to pump up their corporate social responsibility (CSR) contributions, the local arts scene is an area that has visibly benefited. Last
      679 words
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      Lock icon Making our society even better
      795 22  -  THOMAS THOMAS By THE findings of a recent survey commissioned by the Ministry of Trade and Industry (MTI) suggest that the term corporate social responsibility or CSR is still relatively new in Singapore. While there is increasing awareness of CSR, responsibility towards society is not
      STOCK.XCHG  -  795 words
    • Article, Illustration
      Lock icon SPH: Loyal patron of the arts
      616 24 Four first-timers make the Distinguished Patron of the Arts honour roll while SPH wins it for the 16th year running, writes moor aisha THIS year, for the 16th time in a row since 1993, Singapore Press Holdings (SPH) will be recognised as a Distinguished
      616 words
    • Article, Illustration
      Lock icon More funding necessary for arts scene to flourish
      567 24 WHILE recipients of the sponsorships have benefited substantially, an underlying sense that more can be done by the private sector in support of the local arts scene still exists. Beneficiaries in 2007 were spread across various categories from arts institutions like Nanyang
      567 words
    • Article
      Lock icon Local arts get a boost overseas from sponsors
      427 24 LOCAL arts are being showcased overseas with the help of sponsorships from Singaporean companies. Last year's Singapore Pavilion at the 52nd Venice Biennale International Art Exhibition and the Singapore Season in China both organised by the National Arts Council (NAC)- gave ample
      427 words
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      1130 23 YOU MADE THE DIFFERENCE! PATRONS OF THE ARTS 2008 THE VITAL NETWORK OF SUPPORT FOR THE ARTS DISTINGUISHED PATRONS OF THE ARTS CIMB-GK Securities Pte Ltd Keppel Corporation Limited Mobile One Ltd Shaw Foundation DBS Bank Ltd Kwanlm Thong Hood Cho Temple MUCtaramehsusnceCiMpenlheUd TIME Maoazine OPRP Rflnk Hong Leong Foundation
      1,130 words
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  • Page 26 Advertisements
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      71 26 i^^Hr V*.'** v(r JSLm ■•^~~*mL Fo/ce A Sow For the 16th consecutive year, Singapore Press Holdings is proud to receive the Distinguished Patron Of The Arts Award. Since 1993, we have been in the forefront supporting and encouraging homegrown artists and international acts. Singapore Press Holdings Foundation is also proud
      71 words
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  • AVIATION
    • Article, Illustration
      Lock icon Asean seeks to increase China, India flights
      542 27 Bloomberg Move comes as its growing trade with Beijing boosts air travel demand [SINGAPORE] Asean is negotiating to scrap restrictions on flights from the capitals of its member countries to China as Beijing's growing trade with the 10-nation bloc boosts air travel demand,
      Bloomberg; THE STRAITS TIMES FILE PHOTO  -  542 words
    • Article
      Lock icon Passenger demand down, says Qantas
      242 27 Reuters [MELBOURNE] Qantas Airways Ltd, Australia's top airline, said yesterday that passenger demand had fallen in all travel classes. "There is a lessening in demand in all classes, Qantas has held up better than most airlines," said chief executive Geoff Dixon at the launch of
      Reuters  -  242 words
    • Article
      Lock icon Qantas starts Australia-US A380 flights
      251 27 Bloomberg [SINGAPORE] Qantas Airways Ltd, Australia's largest carrier, began flying the Airbus SAS A3 80 to the US yesterday, as it seeks to extend its dominance on routes between the two countries with the world's largest commercial plane. Qantas, the third carrier to fly the
      Bloomberg  -  251 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2557 27 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,557 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      150 27 BT/ZUJI Deals of the Week DHmm^^N^l fit**" t^' j'* **^^^t _B 8k Ll >i iM T r .nw^ r~t -|-t— yv. "<. > i BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Shanghai $1,220 $327 $57 Garuda Indonesia Garuda Indonesia DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER
      150 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      400 27 CRYPTIC CROSSWORD ACROSS ing cold? One has doubts HJ 5 Dog, one of two stars (7) 9 9 Open a fizzy drink shortly, _^^J_^^J_^^J_^^J_MH——^^J——^^J—— one to be imbibed (9) HJ HJ HJ HJ HJ HJ 10 Add to set brought back 11 What may be pencilled in I imk_wmj«j^h jmj
      400 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Airlines should consider mergers
      478 28 THE airline industry should be cheering now that the price of fuel, its single biggest cost component, has fallen by almost half since the middle of this year. But it isn't, and for good reason. The latest business confidence index of the International Air Transport Association
      478 words
    • Article, Illustration
      Lock icon Are China and India CEOs very different?
      1220 28  -  MADELINE DESSING Insights into the key competencies that the two groups bring to the global arena By and ISRAEL BERMAN MAKE way for the rise of Asia. As Chinese, Indian and other Asian companies start playing on the global stage, it is timely
      AFP  -  1,220 words
    • Article, Illustration
      Lock icon EU remains divided in the face of recession
      797 28  -  SHADA ISLAM THE BOTTOM LINE TAKE your pick: Did the European Union (EU) summit held in Brussels on Oct 15-16 mark the emergence of a new self-confident, "can do" Europe ready to take the lead on reforming international financial institutions to tackle
      797 words
    • Article, Illustration
      Lock icon Singapore remains strong, stable
      1368 29 Our financial system remains sound and we are well-placed to meet the challenges facing us, says Lim Hng Kiang The following is the text of the ministerial statement made by him Hng Kiang, the Minister for Trade and Industry and Deputy Chairman, Monetary Authority of Singapore
      YEN MENG JIIN  -  1,368 words
    • Article, Illustration
      Lock icon Message for the confused: Good times breed bad times – and vice versa
      846 29  - Message for the confused: Good times breed bad times and vice versa ROBERT SAMUELSON The Washington Post Writers Group A DOZEN years ago, James Grant one of the wisest commentators on Wall Street wrote a book called The Trouble With Prosperity. His survey of financial history captured his crusty theory
      The Washington Post Writers Group; REUTERS  -  846 words
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  • SHIPPING/AVIATION
    • Article
      Lock icon Consortium wins US$2b Indian port project
      413 30 Malaysia's Pembinaan Redzai, India's Lanco group will jointly build Kerala port [KUALA LUMPUR] A consortium comprising India's Lanco group and Malaysia's Pembinaan Redzai Sdn Bhd has secured a US$2 billion deal to develop the Vizhinjam International Transshipment Terminal Port in India, according to a
      413 words
    • Article, Illustration
      Lock icon Financial crisis could end boom for Suez Canal
      898 30 Reuters Declining European demand presents downside risk [ISMAILIA, Egypt] Winding through this small Egyptian town like an artery, pumping cash into its hospitals and schools and beyond into the wider economy, the Suez Canal has flourished as a shipping shortcut. Now the
      Reuters; REUTERS  -  898 words
    • Article
      Lock icon HK's Orient Overseas gains
      104 30 Bloomberg [HONGKONG] Orient Overseas (International) Ltd, Hong Kong's largest container line, rose for the first time in four days on the city's stock market after boosting thirdquarter revenue by 16 per cent. The firm gained 2.7 per cent to HK515.20 at the close, after earlier jumping
      Bloomberg  -  104 words
    • Article
      Lock icon Somali pirates release Thai ship after getting ransom
      318 30 AP [MOGADISHU, Somalia] It's been a busy, profitable week for Somali pirates: They hijacked one South Korean bulk carrier last Wednesday, released another South Korean cargo ship on Thursday and let a hijacked Thai ship go on Saturday after getting a ransom.
      AP  -  318 words
    • Article
      Lock icon M'sia moves to beef up patrols in Malacca Strait
      147 30 [KUALA LUMPUR] Malaysia will purchase more boats and helicopters and recruit additional personnel to beef up patrols in its waters in the Malacca Strait, local newspapers reported yesterday. The Malaysian Maritime Enforcement Agency will acquire 20 speedboats and three helicopters to
      147 words
    • Article
      Lock icon World's second highest airport to open this month
      251 30 Reuters [BEIJING] The world's second highest airport, in an ethnically Tibetan part of China's south-eastern province of Sichuan, will open this month, a Chinese newspaper reported yesterday. The airport, in the mainly Tibetan area of Kangding, is 4,280 metres above sea level,
      Reuters  -  251 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 30 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.28 0.25 0.8 0.37 0.57 0.43
        107 words
      • Article
        Lock icon KLSE
        31 30 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.61 8.4 8.1 2.53 2.3 0.08 -0.02 0.3 0.05 0 0 -0.03 19! 841 110! 761 V. 101
        31 words
      • Article
        Lock icon BANGKOK
        12 30 '00 'recious Ship Regional Cont .11.5 .9.15 0 0.15 791 3!
        12 words
      • Article
        Lock icon HONGKONG
        11 30 '000 Doil iingamas Cont .15.2 .0.51 0.4 -0.24 87: 667.
        11 words
      • Article
        Lock icon PHILIPPINES
        20 30 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop .5.5 ..16 ....0 ....0 -0.1 -1 0 0 107' 154:
        20 words
      • Article
        Lock icon TAIPEI
        22 30 Evergreen Marine 14.1 :irst Steamship 29.8 /Van Hai Lines 13.7 t'ang Ming Marine 8.15 0 -1.05 0.1 -0.22 1' 1 11
        22 words
      • Article
        Lock icon TOKYO
        41 30 '000 Cawasaki Hvy Ind 162 Cawasaki Kisen 412 Mitsubishi Hvy 367 Mitsui Eng&Sbldg 155 Mitsui Osk Lines 518 Mippon Express 417 MipponYusen 447 iource: Thomson Reuters -2 ***** 7 ***** -5 ***** 3 9331 20 ***** 28 4967 4 *****
        41 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8976 31 Transaction date: Oct 20 52-wks Tel h Low Code Comp Last Sale Vol C000) Hig Day Last Quote h Low Buyer Seller Div Gr Yld C'vr Net P/E M Cap Sinil Hig any 14 3 3148 8Telecom 19.5 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 21.5
      8,976 words
    • Article
      Lock icon SGX CATALIST
      634 32 52-wks Tel |h Low Code Last Sale Vol (*000) Hi! Day Last Quote |h Low Buyer Seller Div GrVId C'vr Net P/E MCap $mil Hil Com[ 20 11.5 1181 s AAGrp 30.5 15 5000 s ABR Hldgs 32 16.5 8538 s APStrategic 6 1 1501 s Advanced System
      634 words
    • Article
      Lock icon SGX XTRANET
      704 32 52-Wk Tel High Low Code Last Sale Vol COOO) Day 111 Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Conn _Hm ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 392.1 198
      704 words
    • Article
      Lock icon CLOB INTERNATIONAL
      797 32 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
      797 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8626 32 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.486/ AIGIF Spore Bond Fund/A 1.253/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.62/ APS Alpha Fund (USD)! A 0.42/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6958/ APS Komaba
      8,626 words
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      49 31 ROYAL OAK COLLECTION i'li^V^^^ WHERE EXTREMES MEET *W& MmS^^L'' Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED >^y^^^^~^*^^^~^^. =!^T '■'If'"'^ 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 -^^S^^^r *^&S' J*' "*V 'l'^--»a m-LzJ :>V Internet: Http://www.audemarspiguet.com j*/*- •^2jj^^ 'TZ&ti^ S"'f; C: o^^^^
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      364 33 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct17 World Index Preliminary 701.2 1.4 -38.0 1.2 -38.5 1.5 -40.1 t EAFE Preliminai 665.4 3.3 -40.6 3.2 -42.5 3.5 -44.1 Euro[ Prelim inan 921.1 4.1 -40.3 4.0 -44.3 4.3 -45.1 Pacific
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      Lock icon FOREIGN CURRENCY NOTE RATES
      130 33 AS at 9am Oct2o Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0210 1.0900 Can dollar 1.2410 1.2560 Euro 1.9730 1.9960 NZ dollar 0.8990 0.9190 Sterlini 2.5440 2.5730 US dollar 1.4680 1.4850 Local dollars to 100 units of foreign currency: Currencies
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      Lock icon INTERBANK RATES
      157 33 Oct2o Xterniqht 1/8 -month 1 1/4 -months 1 5/16 l-months 1 3/8 Overnight mode: 5/16 IS$ Offer 1/16 1 1 1/16 1 1/8 BJd 1 days I month > months months d months months 12 months (All 3.50 5.20 5.20 5.50 5.20 5.00 5.00 Offer 2.50 4.20 4.20
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 33 Oct2o ten Jii Sett >TI ilMSCI Oct 232.8 241.1 240.7 'aiwan Oct 192 192 187.7 Source: MF Global (S) He. Ltd
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    • Article
      Lock icon US$/S$ FORWARD RATES
      21 33 Oct2o Bid Offer 1-month 1.4728 1.4745 2 months 1.4691 1.4709 3-months 1.4659 1.4677 6-months 1.4594 1.4617 Source: OCBC
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    • Article
      Lock icon PALM OIL
      56 33 Oct2o lelivery lonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position \Jov08 1720 3ecO8 1686 Ian 09 1699 :eb09 1707 FotaI o/p: ***** contracts 1700 1737 1687 452 1675 1722 1659 1408 1677 1727 1660 6799 1680 1730 1664 987 Turnover: ***** lots Market
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      Lock icon SGX DERIVATIVES TRADING
      301 33 Oct 20 EURODOLLAR FUTURES Dec08 Mar09 Jun09 Sep09 97.5950 97.8300 97.8250 97.7250 7263 9502 5824 3280 EUROYEN TIBOR FUTURES Dec08 99.165 99.165 Mar09 99.260 99.260 Jun09 Sep09 99.215 99.215 Dec09 99.125 99.125 Mar10 Jun10 Sep10 99.165 99.250 99.215 99.125 99.165 99.210 99.230 99.155 99.090 98.980 98.930 98.885
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    • Article
      Lock icon SICOM FUTURES
      180 33 Oct 20 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) 0/1 lots) NOV08 171.5 Dec 08 170.5 Jan 09 Feb 09 Mar 09 Apr 09 171.5 170.5 172.5 174.0 175.5 177.5 178.3 179.2 40 20 72 471 423 651 590 578
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      Lock icon GOVERNMENT SECURITIES
      86 33 Oct2o Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****X 22.01.09 1-Year BY*****N 04.05.09 0.81 1.05 0.75 0.75 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NYO31OOA 4.000 15-Year NY*****X
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    • Article
      Lock icon CHICAGO BOT
      99 33 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 894.00 867.00 908.00 879.00 Jan 09 906.75 880.25 921.00 892.00 Mar 09 916.75 890.50 931.00 903.50 May 09 926.00 899.75 838.00 915.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 35.50 35.45 36.55 35.50 Ian 09
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 33 CRUDE OIL PRODUCTS Oct 17 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 68.23 1.09 WTI (Near Mth) 72.13 1.53 Dubai (1-Mth F) 62.82 -1.43 Tapis blend 72.85 -1.30 Minas 69.85 -1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 47.22 84.35 0.09 -1.45 US$/barrel US! Opec
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    • Article
      Lock icon INTERBANK CROSS RATES
      463 33 Oct2o AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound us: lustralia 0.826 4.790 0.520 5.440 34.207 68.828 0.716 9.221 2.470 1.136 56.766 33.674 1.035 6.977 0.797 22.848 24.042 0.401 0.701 Canada 1.211 5.801 0.630 6.589 41.427 83.355
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      Lock icon SIBOR
      76 33 Oct 20 1 mth 3.***** 1.***** 2 mths 4.***** 1.***** 6mths 1.***** 9 mths 1.***** 12 mths 1.***** 3 mths 4.***** 1.***** 6 mths 3.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** 5yrs 2.***** 7yrs 3.***** 10yrs 3.***** 12 yrs 3.***** 15
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      Lock icon PRECIOUS METALS
      174 33 Oct2o (USS/oz) Oct 17 Oct 20 GOLD BULLION COINS (S$) Sellim Hong Kong 803.60 802.90 804.60 803.90 Oct IS Oct 17 London 795.10 778.80 798.10 781.30 Source: Thomson Reuters (S$) Selling Buying 1 oz 1332.15 1197 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $466.52 383 SILVER Selling
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      Lock icon INTERBANK CURRENCY RATES
      157 33 Oct2o Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.0346 1.0363 0.7010 0.7015 Canadian dollar 1.2531 1.2548 0.8490 0.8495 Euro 1.9888 1.9910 1.3475 1.3478 NZ dollar 0.9111 0.9126 0.6173 0.6178 Sterlini ind 2.5777 2.5804 1.7465 1.746! US
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    • Article
      Lock icon LONDON METALS
      61 33 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 2142.90 2123.50 months 2205.00 2185.00 Copper, Grade A (US$/tonne) :ash months 4868.50 4810.00 4705.50 4650.00 .ead (US$/tonne) :ash 1428.00 months 1440.00 1348.20 1360.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc, Special
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      Lock icon LIFFE
      69 33 Oct 17] (£/tonne) Close Prev Hii ih/Low Dec 08 1270 1272 1292/1260 Mar 09 1297 1302 1320/1285 May 09 1309 1314 1332/1332 JulO9 1321 1326 1344/1313 COFFEE (US$/tonne) Close Pev High/Low Nov08 1740 1700 1742/1705 Jan 09 1794 1761 1801/1766 SUGAR (US tonne) White Close Prev High/Low Dec 08
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    • Article
      Lock icon BONDS & WARRANTS
      2911 33 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 )092 Asia Environment W*****4 6.5 1481 Asia Water Tech Ltd W*****0.. 18.5 S816#Asiasons Capital Ltd W*****7 4 S756#AsiaticGrp(H) LtdW*****2 9.5 H05#Asiatravel W*****7
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      1214 34 m The Business Times Shipping Times UK CONTINENT SERVICE U.S.A SERVICE Destination Destination STXPOTBN RTM/ANR/TIL STXPOTBN CDN/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination Destination PAN DYNAMIC DBI/ABU/DMM HOAM INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES I Tramping
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      547 34 ACS (W) ACS (E) Vessel |Voy I SIN I PKG I MAA Vessd I Voy I SIN I USN I PUS I SHA TIGER JADE 016W 22/10 23/10 27/10 TIGER PEARL 016! lUv! 04/11 03/11 05/11 SAN ISIDRO 016W 29/10 30/10 OVII TIGERJADE 016! 02/11 11/11 10/11 12/11 HYSTRIDE 402W
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      742 34 WAN HAI INTERNATIONAL PTE LTD VTTm\l*I»H II A I lllirr TEL *****588 (14 LINES) FAX:*****163 Y\\M WAN HAI INtS Customer Service/Bookings Direct Line (1800)*****200 V V fcl II fc m I[l: (03 *****388 FAX: (03) *****288 PEN TIL: (04) *****00 FAX: (04)*****99 V JOH HL:(07) *****23 FAX:(07)*****21 SUR IFb(031) *****75
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  • Page 35 Advertisements
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      Lock icon Page 35 Advertisements Column 1
      4598 35 Mtfws^W Sip Vpp Hhl mI PSL SERVICE Connecting AMX Service via P.KLANG Connecting ECL Svc via MALTA I VESSEL VOY SIN I PKL I KHI I NHS I DXB I BND~ MLA I VLC I BCN I GOA I DAM~ FXT I HAM I ANR I LEH IRAN KERMAN PHLB29B
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      Lock icon Page 35 Advertisements Column 2
      234 35 VESSEL VOY IM UE DESTINATION BERJAYAII 13/08 27/10 29/10 BELITUNG/PKL.BALAM LANGSAB 23/08 INPORT 22/10 JAMBI/PEKAN BARU SIANIRI 12/08 23/10 25/10 PALEMBANG/PANJANG INARAN 19/08 23/10 25/10 BENGKULU/PADANG PERTAMAI 14/08 24/10 26/10 BELAWAN/LHOKSEUMAWE SRIJAYAB 16/08 27/10 29/10 SABANG/MALAHAYATI VESSEL VOY IM HE Destination SINOPA 11/08 23/10 25/10 JAKARTA/CIGADING fAJAR MAS 15/08 INPORT
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  • PROPERTY
    • Article
      Lock icon Sept gross mortgage lending in UK down 10%
      180 36 Reuters [LONDON] Gross mortgage lending fell 10 per cent in September to the lowest level for any month since January 2005, hit by weak demand and the global financial crisis, Britain's Council of Mortgage Lenders said yesterday. Banks and building societies loaned
      Reuters  -  180 words
    • Article, Illustration
      Lock icon London home buyers hold out
      1264 36 Bloomberg Outlook dims despite steepest price fall in 16 years; borrowers face higher downpayments, mortgage rates OLIVER Fisk and his girlfriend have been hunting for a one-bed-room apartment in London for four years and they're further away than ever from getting onto the property ladder.
      Bloomberg; REUTERS  -  1,264 words
    • Article
      Lock icon China wants to stabilise property market
      183 36 Reuters [BEIJING] China endorsed local measures to stabilise the real estate market and will work out a nationwide policy based on their results, state media reported yesterday. More than a dozen cities, including Shanghai, Hangzhou and Nanjing, rolled out new measures to encourage house
      Reuters  -  183 words
    • Article
      Lock icon Arcapita Bank appoints new Asia-Pac real estate director
      239 36 BAHRAIN-BASED Arcapita Bank has appointed Blake Olafson a director to lead its real estate team in the Asia-Pacific. Mr Olafson has more than 15 years' real estate experience and was most recently senior vice-presi-dent in Lehman Brothers' Global Real Estate Group, having
      239 words
    • Article
      Lock icon Berjaya Land confident of target
      184 36 Bernama [KUALA LUMPUR] Berjaya Land Bhd expects to sell over RM3OO million (Ssl26 million) worth of properties in its financial year ending April 30, 2009, its chief executive officer Francis Ng Sooi Lin said. He said the company, which inked a RMISO million deal with
      ■ Bernama  -  184 words
    • Article, Illustration
      Lock icon Lehman US$3.4b property fund looks for sponsor
      649 37 Reuters LBREP 111 fund raised at end-2007 wants a new partner to take Lehman's USs7Bom 20% stake [HONG KONG] A US$3.4 billion global property fund set up by Lehman Brothers may look for a new sponsor to take a 20 per cent stake
      Reuters; REUTERS  -  649 words
    • Article
      Lock icon LaSalle eyes plum Asia deals from troubled landlords
      633 37 Reuters [SYDNEY] LaSalle Investment Management is keen to snap up property bargains in Japan, China and Australia, and is also drawing more investors looking for stable, long-term returns in the region, an executive said yesterday. The property fund unit of Jones Lang
      Reuters  -  633 words
    • Article, Illustration
      Lock icon Tokyo should help Reits in Japan to merge: Mitsubishi ÜBS
      808 37 o Bloomberg [TOKYO] Japanese regulators should create rules to spur mergers of real estate investment trusts (Reits) to help them survive, says Yuichi Hiromoto, chief executive officer of Mitsubishi Corp ÜBS Realty Inc. Japanese Reits, corporations that pool investor funds
      o Bloomberg  -  808 words
  • Page 36 Advertisements
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      Lock icon Page 36 Advertisements Column 1
      254 36 H%OO/7000K|ft |»Very attractive price sc| ft Tropical house, almost new |«Attractive price [•*****/SOOOsqft™ Brand new tropical house |»TOPOct 08 Best-of-the-Best p23oooflooosqft Lovely and charming house RoOO/spOOsqft Charming house, nice layout Wide frontage, Hilltop Living in Botanic Gardens I *****/7500 sq ft I Almost new. New land Isq ft Elevated Land,
      254 words
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      Lock icon Page 36 Advertisements Column 2
      99 36 I Rare Commercial Redevelopment Site I 11 in Marine Parade Central I Site Area: 1,734 sq.m/18,665 sq.ft I Plot Ratio: 8.445 (Based on Written Permission) I 99 years Leasehold I Squarish Plot with good frontages and high pedestrian traffic I Located in established Marine Parade New Town I Good access
      99 words
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      Lock icon Page 36 Advertisements Column 3
      37 36 FOR SALE i IliliiJiil -.i;1 .jk BISHOPSGATE Good Class Bungalow 111 ***** 900° sc <-ft' (approx.) "n liJ'jJlVlFrfi Vacant Possession I_3 }ll:^yi|U3tj] |o*^ by Expression of Interest tafe^S^^BßE p's ca" J°hn Goh cb richard ellis *****678 *****780
      37 words
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      77 37 Industrial Land I For Sale Hi Southern Johor (15 mins drive from Singapore) SiLC Nusajaya largest integrated development in South-East Asia Land sizes 3 acres above Freehold land Ample land for operational expansion Immediate occupation 10 mins to port of Tanjung Pelepas www.savills.com.sg Car Showroom cum Service Centre I [»T7i
      77 words
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      Lock icon Page 37 Advertisements Column 2
      234 37 LuiitLLLli LLL(iLLfcdi-tE.L L lGiiL LLL [itLULLLU LLLLLLILL^LtL M PT KSWBAUU *-*~s—™- -*2K.<^"«S HERBISIDE MANUHtCIUIIER Good Business Environment Mla|m> Approximately 20 km from Singapore S^fßliS'-.' iß'iSS Habour Front Ferry Terminal R. ''^^flEs?! (45 minutes ferry ride with more than 50 ferry trips fit. jflj. oar/j p] tomoewu^^mwhl Approximately 60 km from
      234 words
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      Lock icon Page 37 Advertisements Column 3
      31 37 Corporate Building jj fjSil For Lease 111 Located Kaki Bukit Place IS 41 Good corporate image lllgjfl For office showroom storage space p II ■<|li r I i-i 2Sfi Immediate Occupation
      31 words
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  • DINING INDULGENCE
    • Article, Illustration
      Lock icon Catering to foodies in all corners of the island
      754 38 Whether you're in the north, south, east or central part of Singapore, you'll find exciting food outlets Carouse Roval Plaza on Scotts 25 So ts Road 2b Scotts Koad Tel: 6589-7799 Open: Breakfast: 6.30am to 10.30am Lunch: 12pm to 2.30pm Champagne
      754 words
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      Lock icon Tung Lok's latest jewel
      401 38 Shin Yeh #02-19 Liang Court Shopping Centre 177 River Valley Road Tel: 6338-7337 IF your idea of Taiwanese porridge is the old-fashioned dinky restaurants of old, you haven't updated your dining repertoire. And that's easily solved by visiting Shin Yeh, the latest jewel in the Tung
      401 words
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      914 38 Brought to you by DBS American Express® Cards dbs Black American Express® card t jjSSk DBS American Express® Cards the only Cards that bring you privileges %&M from two of the best dining programs in town all-year round H> <?<& ts a east anyw'iere anytime in Singapore! DBS Indulge and
      914 words
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      Lock icon Page 38 Advertisements Column 2
      7 38 Altitude I B^^^^^d i^j j".~.S _Clr3- ib~!3^
      7 words