The Business Times, 22 October 2008

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Total Pages: 40
1 40 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, October 22,2008
    23 words
  • 651 1  -  ARTHUR SIM Interest rates may be lowered and govt may offer bigger guarantees to banks By [SINGAPORE] A bailout plan of sorts is in the works with the Singapore government in talks with banks to offer loans to small and medium-sized enterprises
    651 words
  • MARKETS DIGEST
    • 48 1 Tuesi iam KL COMP 918.16 +8.65 NIKKEI 225 9,306.25 +300.66 HANG SENG 15,041.17 -281.84 SET INDEX 478.79 +1.84 JAKARTA COMP 1,440.15 +13.21 MANILA COMP 2,116.74 +53.86 SEOUL COMP 1,196.10 -11.53 SHENZHEN B 260.33 +1.12 MUMBAI IND 10,683.39 +460.30 12NOON EDT Cham DOW 9,067.43 -198.00 NASDAQ 1,722.31 -47.72
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    • 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
    • 49 1 US$ s$ US$ (S$ per US$) 1.478 (USS/SS per 1.710 2.528 EURO (USS/SS/E) 1.326 1.960 Forei' in curreno ier US$ S$ YEN 101.20 68.50 RM 3.527 2.386 HK$ 7.756 5.246 BAHT 34.35 23.23 RUPIAH 9,845 6,659 RENMINBI 6.834 4.623 INDIAN RUPEE 49.04 33.17 1.453 0.983 NZ$ 1.627 1.10
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  • 610 1  -  SIOW LI SEN MAS allows them to appoint same audit firm beyond 5 years By [SINGAPORE] The Monetary Authority of Singapore (MAS) has given a small concession to the three local banks. Amid the financial crisis, they can reappoint the same audit firm
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  • Page 1 Miscellaneous
    • 51 1 EYE ON THE GRAFT CHARGES r^JI ProcessCEM ASIA BE INSPIRED I ECONOMY Thaksin sentenced to Winning strategies Zap for daily inspiration. Bankruptcies may 2 years in jail that pay off Win a Nikon Digital start to rise page 2 page 18 pages 25-29 Camera! page 16 U_^B Mitsui trader finally
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    • 31 1 HJpT^ 7."'"' MM Navigating the global credit crisis EXECUTIVE MONEY PAGE 38 TransportHU A new weekly four-page section on sea, air and land transport news. Every Wednesday in The Business Times.
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  • TOP STORIES
    • 446 2  -  RONNIE LIM He and 2 superiors face allegations of accounting fraud By [SINGAPORE] Twenty months after he was first arrested here for allegedly concealing US$Bl million of trading losses at Mitsui Oil Asia Singapore (MOAS), Noriyuki Yamazaki, its former head of naphtha
      WONG KWAI CHOW/THE STRAITS TIMES  -  446 words
    • 543 2  -  CHEW XIANG Changes were not timed for coming economic downturn, says PM Lee By [SINGAPORE] Prime Minister Lee Hsien Loong told Parliament yesterday that a constitutional amendment to tap more of the gains from Singapore's reserves was not timed for the
      543 words
    • 488 2  - Fewer bankrupts but things may change soon OH BOON PING EYE ON THE ECONOMY By [SINGAPORE] There are fewer people going bankrupt in Singapore compared to a year ago, but there are indications that the situation could change in the coming months. The number of individual bankruptcy petitions in the
      488 words
    • 178 2 [SINGAPORE] Online readers of The Business Times can now access the website again. It is up and running after being out of action since Monday evening. According to the IT Department (ITD) of Singapore Press Holdings (SPH), there was a simultaneous failure
      178 words
    • THREE-MINUTE DIGEST
      • 83 2 A BAILOUT plan of sorts is in the works with the Singapore government in talks with banks to offer loans to SMEs on easier terms. It is likely that, through Spring Singapore, it will make credit more freely available to SMEs by
        83 words
      • 75 2 THE Monetary Authority of Singapore has given a small concession to the three local banks. Amid the financial crisis, they can re-appoint the same audit firm beyond five years to have some degree of audit continuity. Currently, DBS Group Holdings, United Overseas Bank
        75 words
      • 70 2 Fewer bankrupts but things may change soon FEWER people are going bankrupt in Singapore compared with a year ago, but there are indications that this could change in the coming months. The number of individual bankruptcy petitions in the first nine months of this year fell 8 per cent year-on-year,
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      • 76 2 THE Japanese government is ready to help banks of all sizes that may need recapitalising because of the financial system crisis, Economics Minister Kaoru Yosano said yesterday. Following the example of other industrialised nations, Japan has said it will pump money into its
        76 words
      • 81 2 SINGAPORE Petroleum Company has been hit by the double whammy of volatile oil prices and the global financial crisis. Despite a 46 per cent higher third quarter turnover of $3.3 billion, SPC saw its Q3 net profit plunge to $507,000, or
        81 words
      • 76 2 TELECOMS tycoon Richard Li is expected to pave the way for an exit strategy from PCCW, with a buyout or privatisation topping the list of possibilities. Speculation has been rife that the son of veteran property tycoon Li Ka-shing is preparing to
        76 words
      • 67 2 THE construction sector here must be prepared to face tough and challenging times ahead as demand is expected to decline, said Minister for National Development Mah Bow Tan yesterday. "While the domestic construction demand this year is estimated to reach between $27 billion and
        67 words
      • 46 2 THE Chinese government has begun drafting tax and spending policies to stimulate the economy after third-quarter growth of 9 per cent, the slowest pace since an outbreak of Sars in 2003, state-controlled media reported on Monday. ECONOMY WATCH, PAGE 14
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    • 611 4  -  ANTHONY ROWLEY Banking system relatively unscathed by global financial crisis: analysts By in Tokyo THE Japanese government is ready to help banks of all sizes that may need recapitalising because of the financial system crisis, Economics Minister Kaoru Yosano said yesterday. Following the
      AP  -  611 words
    • 392 4  -  OH BOON PING By [SINGAPORE] Sun East Group's financing woes have worsened as the firm said it has no means of meeting a US$l5 million debt repayment due to weak credit markets. Yesterday, the beauty and cosmetics firm explained that it is still in
      392 words
    • 396 4  -  EMILYN YAP Equity funds lead slide, with average return of-13.73% By [SINGAPORE] Hit by the global financial fallout, all classes of unit trusts registered for sale in Singapore reported negative returns in September, said a Lipper report. According to
      396 words
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    • 623 2 w A WATS ># NOTICES IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 AND AND AND IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF ST. KITTS PTE.
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 494 5  -  RONNIE LIM Company hit by volatile oil prices, fall in demand for refined products By OIL refiner and exploration/production company Singapore Petroleum Company (SPC) has been hit by the double whammy of volatile oil prices and the global financial crisis. Despite
      ARTHUR LEE  -  494 words
    • 365 5  -  EMILYN YAP By CREDIT rating agencies have turned more pessimistic on two real estate investment trusts (Reits) in Singapore: Frasers Commercial Trust (FCT) and MacarthurCook Industrial Reit (MI-Re-it). Standard Poor's (S&P) Ratings Services yesterday changed its Credit Watch status on 88-rated FCT from
      365 words
    • COMPANY BRIEFS
      • 54 5 SINGAPORE Airport Terminal Services Limited (SATS) yesterday announced that the company has entered into an agreement to acquire 100 per cent of Menzies Aviation (Hong Kong) Ltd (MAHK)foraboutHKslB million (553.4 million) in cash. MAHK is one of the four ground handling agents at the
        54 words
      • 60 5 yesterday Bloomberg NEPTUNE Orient Lines Ltd (NOL) will cut capacity on Asia-Europe and transpacific routes as a slowing global economy and stagnant housing markets crimp demand for Chinese-made goods. Asia-Europe lanes will be reduced by about 25 per cent, while transpacific space will fall
        yesterday Bloomberg  -  60 words
      • 34 5 SWIBER, through its Swiber Offshore Construction unit, has signed a MOU with Petrovietnam Construction to set up a joint venture which will own and operate a pipelay/derrick barge.
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    • 453 5  -  SIOW LI SEN Analysts bracing for more write-downs and nasty numbers By INVESTORS continue to sell down bank shares yesterday as they expect earnings to be hit by a recession, which will bring the prices down to below book value. Writing on Monday, Morgan Stanley
      453 words
    • 529 7  -  JANE MOIR Speculation rife that a buyout or privatisation is on the cards By in Hong Kong TELECOMS tycoon Richard Li is expected to pave the way for an exit strategy from PCCW, with a buyout or privatisation topping the list of
      529 words
    • 244 7  -  R SIVANITHY By THE Singapore Exchange yesterday announced that its recently-an-nounced measures to deter failed delivery in the stock market have been successful and will soon be issuing a public consultation paper for a permanent disciplinary framework to deter settlement failure. The exchange said
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    • 446 8  -  UMA SHANKARI They may have to write down their assets and make provisions By HURT by slowing sales, increasing difficulty in obtaining credit and under pressure to cut home prices, most developers here are expected to announce lower earnings during the current reporting season.
      446 words
    • 620 8  -  UMA SHANKARI Trust's fundamentals strong, rents not likely to bottom out By CAPITAMALL Trust (CMT) yesterday said that it will put upgrading plans for some of its properties on hold because of high construction costs. Singapore's biggest property trust also said that
      FILE PHOTO  -  620 words
    • 458 8  -  ARTHUR SIM By MAPLETREE Logistics Trust (MapletreeLog) cut its leverage ratio to 36.9 per cent in the third quarter of this year down significantly from 56.3 per cent in Q2. At Sept 30, its debt was down about 30 per cent from $1,461 billion
      458 words
    • 328 8  -  NISHA RAMCHANDANI By CHARTER lease provider First Ship Lease (FSL) Trust said yesterday that investors have little cause for worry as its charter leases are long-term, which should result in steady revenue. But it plans to scale back acquisitions as the shipping
      328 words
    • 344 8  -  EMILYN YAP By FIRST Real Estate Investment Trust (First Reit) yesterday reported net distributable income of $5.3 million for the third quarter ended Sept 30, 2008 12.4 per cent more than a year ago. This was driven by a 7.4 per cent
      344 words
    • 371 8  -  VINCENT WEE By EZRA Holdings more than doubled full-year FYOB profits to U*****.4 million from US$6B.2 million previously. Revenue rose by 87 per cent to U*****.3 million on strength in the offshore chartering and fabrication engineering markets. Turnover was helped by full-year contributions from
      371 words
    • 662 8  -  YEN SREENIVASAN T would be a huge under-state-I ment to describe the current I market scenario as depressing. I With some $300 billion in mari ket value wiped out, most investors have little to cheer about. But there are exceptions to every rule,
      662 words
    • 498 9  -  ONG BOON KIAT By CONTRIBUTION from a budding business line has lifted Aztech Systems' net profit and sales in its third quarter. The tech firm yesterday reported a 7.4 per cent climb in net profit for the three months ended
      498 words
    • 463 9  -  SIOW LI SEN Earnings decline due mainly to lower contributions from associate Mobile One By KEPPEL Telecommunications and Transportation (KTT), which has lost 80 per cent of its value in less than one month, yesterday posted Q3 net profit of $12.7 million, down
      463 words
    • 212 9 3 months ended September 2008 9 months ended September 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT I PREVIOUS CHNG CURRENT I PREVIOUS I CHNG (S$m) (S$m) (S$m) (S$m) 1 CapitaMall Trust 62.43 54.76 14.0 129.74 114.47 13.3 184.57 155.07
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    • 248 9  -  VINCENT WEE By SEMBCORP Marine unit Sembawang Shipyard achieved a breakthrough contract in the LNG carrier market with an initial contract to extend the life of the first of a fleet of six vessels for International Gas Transportation Company (IGTC). Work will start in June
      248 words
  • Page 5 Advertisements
    • 58 5 A LANDMARK BUILDING AT CHINA STREET FOR LEASE Located at Far East Square 21,000 sq ft of purpose-built prime office /showroom space Steps away from Raffles MRT station and new MRT station at Cross Street Excellent street level showroom frontage, spread over two levels Sprawling 322-bay car-park conveniently connected M
      58 words

  • SINGAPORE MARKETS
    • 721 6  -  LARRY WEE CURRENCIES But (usually) strong currencies like the euro and Swiss franc clock fresh '08 lows IT'S one thing when we tell our readers that weaker Asian units like the Philippine peso have again clocked fresh 2008 lows versus the US dollar, but
      721 words
    • 226 6 me weeks changes YEAR TO DATE 0021'08 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 101.31 -0.89 112.05 95.71 SGD 1.4793 1.18 1.4850 1.3457 IDR 9830 0.87 9900 9035 THB 34.37 0.94 34.78 31.00 CNY 6.8337 -0.08 7.2085 6.8099 MYR 3.5270 0.92 3.5280** 3.1310 CURRENCY vsUSS Euro
      226 words
    • 99 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 4 7 0 0 0 4 4 7 lanufacturing 48 67 56 17 53 72 73 Commerce 23 23 16 27 27 20 'pt/Stor/Comms 19 11 19 13 :inance 15 12 10 15 12 10
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    • 106 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 28,891 28,891 101,402 101,402 lanufacturing 258,449 16,200 274,649 149,929 534 150,463 Commerce 150,181 9,183 159,364 83,819 1,599 85,418 ■pt/Stor/Comms 108,306 895 109,201 164,397 181 164,577 :inance 36,818 36,818 279,250 279,250 Construction 12,882 6,941 19,823 1,473 230 1,703 ■roperties 87,556
      106 words
    • 104 6 lapitaLand 3.060 -0.070 lapitaMall 2.110 4-0.060 lityDev 7.050 -0.230 Iosco Corp 0.760 -0.035 IBSGrp 12.640 -0.400 :&N 3.040 -0.050 ientlntl 0.395 iolden Agri 0.190 4-0.005 IK Land 2.430 -0.070 IMH 20.120 4-0.200 ISH 10.820 4-0.320 lardineC&C 11.400 4-0.460 Ceppel Corp 4.820 4-0.170 Ceppel Land 1.880 -0.040
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    • 800 6  -  CONRAD TAN Offshore marine sector CIMB-GK RESEARCH, Oct 21 IS the bubble bursting? Offshore marine stocks have been under pressure for several months, falling by more than 70 per cent YTD. The drop mirrors falling oil prices on the back of a troubled economy and shrinking demand, worsened
      800 words
    • 551 6  - Investors sell into strength again R SIVANITHY STOCKS "SELL into strength" has been the preferred approach of the majority of players over the past nine to 10 months, and so it was again yesterday, when the Straits Times Index (STI) bounced up by more than 50 points in the morning
      551 words
    • 4 6 DAILY
      4 words
    • 57 6 CLOSE IT OB/OS -1312.00 +63. OC IT CADI -*****.00 -4.0i IT 10-day MA -*****.00-131.0i TSE ST Mid Cap 384.54 +2.4! TSE ST Small Cap 304.94 +0.3 TSE ST All Share 457.84 -2.9i TSE ST China Top 159.03 +0.1 TSE ST China 160.38 -1.6i IOB Catalist 83.17 -0.3,
      57 words
    • 58 6 Clob VOLUME Golden Agri 89,024,000 Noble Grp 50,629,000 Cosco Corp 37,696,000 Abterra 28,018,000 Sing Tel 27,482,000 Capita Land 26,342,000 FJ Benjamin 21,459,000 SembMar 20,921,000 Bio-Treat 20,322,000 IndoAgri 19,962,000 VALUE(S) DBS Grp 102,617,786 Capita Land 81,320,540 Sing Tel 72,527,652 Keppel Corp 70,449,220 UOB 64,902,730 OCBC Bk 57,252,235 SGX
      * Clob  -  58 words
    • 94 6 CLOSE UP ISH 1082 47.3 3.0 lardine C&C 1140 46.0 4., India Ni 10 973 43.0 4.' ISMSCI India 100 384 31.0 5.: IMH 2012 29.6 1.' :iMBAsean40 100US$ 583 26.6 3., IOB 5.05%NCPS 100 9200 20.0 0., Cor| 482 17.0 3. ICBC Bk4.5%NCPS 100 8364 14.0 0., :lec
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    • 109 6 CLOSE DOWN 7700-354.6 -3.0 LP 10US DBS Gr| 1264 -40.0 -3.1 UOB 1532 -28.0 -1.8 :it 705 -23.0 -3.2 ICBC Bk 618 -20.0 -3.1 ;tei 224 -17.0 -7.1 UOBMBLePW*****4 48.5 -12.0 -19.8 UOBSGAePW*****1 54 -11.5 -17.6 NOL 146 -11.0 -7.0 KS Enen 83 -10.5 -11.2 BY PERCENTAGE CLOSE DOWN
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    • 85 6 Wh lere S! stands Oct 21 %CHNG CLOSE FROO20 YR2008 S$ LOW S$ HIGH uss 1.4793 -0.18 1.4850 1.3457 Euro 1.9604 1.53 2.2064 1.9555® Pounds 2.5216 2.52 2.8431 2.4874 1.0215 1.44 1.3251 0.9389 'en* 1.4602 -1.03 1.5091 1.2619 Rill liah* 0.***** -0.02 0.***** 0.***** Baht* 4.3040 0.09 4.4299 4.0190
      85 words

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  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 383 10  -  UMA SHANKARI Govt may inject public projects that have been deferred if need arises, but care over timing essential By THE construction sector here must be prepared to face tough and challenging times ahead as demand is expected to decline, said Minister for National
      383 words
    • 356 10  -  CHEW XIANG YESTERDAY IN PARLIAMENT By THE formula for electricity tariffs, which rose 21 per cent this month, should not be changed lightly, Senior Minister of State for Trade and Industry S Iswaran told Parliament yesterday. Prices are determined by a formula that is
      356 words
    • 618 10  -  RONNIE LIM Jakarta will also honour its existing contracts: minister By INDONESIA is prepared to sell more natural gas to Singapore from smaller, isolated gas pockets, or so-called "stranded fields", in the South China Sea, Purnomo Yusgiantaro, the country's Minister of
      618 words
    • 419 10  -  ARTHUR SIM By THE Urban Redevelopment Authority has rejected the sole bid submitted by RSP Architects Planners Engineers for a transitional office site in Mohamed Sultan Road, as the price offered was too low. The tender for the site closed a
      419 words
    • 300 10  - Calling the shots in a crisis fast NISHA RAMCHANDANI By LEADERS need to be able to make swift and sound judgment calls and execute them well, especially in the current economic crisis. This was among the views shared by selected leaders yesterday at a seminar conducted by author and professor
      300 words
    • 586 12  -  CHEN HUIFEN It is set to ride the next technology wave but lacks originality: physicist By SMART toilets that monitor your health through the waste substances from your body. Mass customisation of the clothes that you wear. A super rice strain that can be
      586 words
    • 426 12  -  LEE U-WEN By in BEIJING PRIME Minister Lee Hsien Loong arrives here this afternoon for a five-day official trip, during which he will attend the 7th Asia-Europe Meeting (Asem). His visit will also include a bilateral visit to Xi'an city,
      426 words
    • 394 12  -  JAMIE LEE By THE economic downturn is not necessarily the best time to impose a hiring freeze, said a senior executive from global consulting firm Hay Group. The recession is the best time to pick up strong talent who are cheaper
      394 words
    • 216 12  -  JAMIE LEE By LOCAL lenders have become more popular places to work at among university graduates, a survey by Jobs Factory has shown. This, coupled with the slip in the popularity of some foreign banks, suggests local institutions are seen
      216 words
  • Page 10 Advertisements
    • 662 10 IUtI.I.UIT&T Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2008 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the third quarter ended 30 September 2008. 2008
      662 words

  • Page 11 Advertisements
    • 117 11 The face you can trust. mmTmm\mi!k^* Sk f Prudential pic, the parent company of Prudential Singapore today posted another robust performance, recording a double digit growth of 15% for new sales (up to 30 September 2008). This reinforces the Group's position as a strong business with excellent long term prospects.
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  • Page 12 Advertisements
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  • MERGERS AND ACQUISITIONS
    • 2178 13 With the drying up of cheap debt, the outlook for M&A activity appears bleak. But, as CONRAD TAN finds out, opportunities are emerging V ITH stock valuations at historic lows, some say the time has never been better for companies to buy other firms. At
      2,178 words
  • Page 13 Advertisements
    • 363 13 Fi BGJDi\ A L M A TA>< fOP. U i!yJ ~~^^^^^i^^^H" M&A FORUM M&A Forum Panellists: KJffißiJHinEj^^ The US credit crunch has seen deal flow slow dramatically. However, there B?P ttaSffl Andreas Duffner Tan Kay Kheng Hj^miuJii^oijim^im^H are still significant opportunities in China and India, and companies are keen to
      363 words

  • ECONOMY WATCH
    • 488 14 -NYT, Reuters Move prompted by Q3's 9% growth, slowest pace since Sars outbreak in 2003 [HONG KONG] The Chinese government has begun drafting tax and spending policies to stimulate the economy after third-quarter growth of 9 per cent, the slowest pace since an outbreak
      -NYT,; Reuters  -  488 words
  • Page 14 Advertisements
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  • Page 15 Advertisements
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      312 words

  • MALAYSIA
    • 558 16  -  PAULINE NG Survey shows 4 out of 5 nearing retirement put blame rising inflation By in Kuala Lumpur IT'S hardly a surprise, but an increasing number of Malaysians consider their retirement savings insufficient. An independent survey has found that more than a third of
      AP  -  558 words
    • 472 16  -  S JAYASANKARAN By in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad has heaped scepticism on Deputy Prime Minister Najib Razak's sanguineness about Malaysia's relative "isolation" from the global financial turmoil. Writing in his usual sardonic style on his weblog yesterday, he
      472 words
  • Page 16 Advertisements
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    • 36 16 Digital Camera worth $549! Contest ends 31 October 2008. 1 Nikon •—-J'P^ a 1 i 1 r i i i 'i 8.1 megapixels High performance digital image-processing engine Built-in Wi-Fi support Internet connectivity mSm Zap Code
      36 words

  • GREATER CHINA/INDIA
    • 543 17 Bloomberg Unauthorised bet on Aussie dollar goes awry; parent lining up USsl.sb loan [HONG KONG] Citic Pacific tumbled the most in 18 years in Hong Kong trading after predicting HK$l5.5 billion (Ss3 billion) in losses from unauthorised currency bets. The unit of
      – Bloomberg; AP; Bloomberg  -  543 words
    • 465 17 Reuters [SINGAPORE] Companies seeking to be members of or invest in the Hong Kong Mercantile Exchange (HKMEx) have asked for more time as they grapple with the financial crisis but have not withdrawn from the plan, a top HKMEx official said on
      – Reuters  -  465 words
    • 227 17 -AFP India's PM keen on wrapping it up before the year is out [TOKYO] Indian Prime Minister Manmohan Singh said in an interview published yesterday he hoped to wrap up an elusive free trade agreement with Japan by the end of the year. The
      -AFP  -  227 words
  • Page 17 Advertisements
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      311 words

  • ASIA-PACIFIC/WORLD
    • 608 18 AFP, Bloomberg But Thai court clears ousted PM of more serious charges of abuse of power [BANGKOK] Thailand's Supreme Court yesterday found ousted premier Thaksin Shinawatra guilty of conflict of interest and sentenced him in absentia to two years in jail.
      – AFP,; Bloomberg  -  608 words
    • 404 18 Reuters, AP UK life insurer posts 15% jump in sales over first 9 months [LONDON] British life insurer Prudential is interested in buying parts of American International Group's (AIG) Asian business, the company said yesterday. "We are of course monitoring closely AlG's disposal
      Reuters,; AP  -  404 words
    • 220 18 Reuters [HACKENSACK, New Jersey] A US jury found Parmalat SpA defrauded Citigroup Inc in a case stemming from the Italian dairy company's 2003 collapse, and awarded the bank U*****.2 million in damages on Monday. The New Jersey state court jury voted six-to-one that
      – Reuters  -  220 words
    • 234 18 AP [STRASBOURG, France] French President Nicolas Sarkozy suggested yesterday that European nations should set up their own sovereign wealth funds to prevent European companies falling into foreign hands as share prices plummet. "I don't want European citizens to wake up in several months
      AP; REUTERS  -  234 words
    • 396 18 Reuters [TEHERAN] There is a consensus to set up a "gas Opec", Iran's oil minister said yesterday after talks with his Qatari counterpart and the head of Russia's Gazprom. "We have made major decisions," Iran Oil Minister Gholamhossein Nozari told a news conference, saying
      Reuters  -  396 words
  • Page 18 Advertisements
    • 1086 18 V**, k T^VT"'T^lT'r» Toll free: 1800-289-8822 V IVI I 1 L V Email: notices@sph.com.sg JL^I V»>/ JL I V,_^ 1 www.cats.com.sg SUMITOMO MITSUI FINANCIAL GROUP, INC. SM F G Annual Report for the Year ended March 31, 2008 I BOARD OF DIRECTORS, CORPORATE I CONSOLIDATED STATEMENTS OF INCOME AUDITORS, AND
      1,086 words

  • TransportHUB
    • 1046 19 Demand for IT applications going beyond basic satellite communications to high-speed capabilities, reports VINCENT WEE THE confluence of various factors in the shipping industry has led to the rising prominence as well as importance of maritime digital communications. It's not usual to think about
      BLOOMBERG  -  1,046 words
    • 576 19 Emerging powers China and India can lead change by implementing new regulations, says JOHN LU AT the conclusion of the recent annual gathering of the Global Shippers Forum in Montreal, Canada, the issue at the top of the agenda was maritime reform. Taking
      576 words
    • 442 19 Reuters [HONG KONG] The world's No. 2 shipping container maker, Singamas Container Holdings, expects to stay in the black for all of 2008 after it revved up production of higher-margin boxes this year, but it warned yesterday of a rocky market as global
      Reuters; FILE PHOTO  -  442 words
    • 192 19 Reuters [PARIS] The French port of Rouen carried out its biggest loading of wheat in over 15 years last week, port authorities said on Monday, in the latest sign of revived grain trade with Iran. Fifty-two thousand tonnes of wheat were loaded
      Reuters  -  192 words
    • TRANSPORT STOCKS
      • 110 19 '000 Oct21 ii Vol CH Offshore Criuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.29 0.25 0.76 0.37
        110 words
      • 39 19 '000 Oct21 M$ Vol Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.62 8.60 8.05 2.60 unch 0.09 0.10 0.01 0.20 -0.05 0.07 unch 0.01 unch 207 1129 1486 958 0 107 70
        39 words
      • 15 19 '00 Oct21 Baht Vol Precious Ship Regional Cont .11.70 ...9.05 0.20 -0.10 485 16
        15 words
      • 14 19 '000 Oct21 HKf Vol poil Singamas Cont 15.48 ...0.59 0.28 0.08 1065 4688
        14 words
      • 25 19 '000 Oct21 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.40 16.00 unch unch -0.10 unch unch unch 1774 2192 0 0
        25 words
      • 19 19 Evergreen Marine ....14.80 :irst Steamship 28.80 /Van Hai Lines 13.75 t'ang Ming Marine 8.40 0.70 -1.00 0.05 0.25
        19 words
      • 44 19 '000 Oct21 Yen Vol Kawasaki Hvy Ind ..173.00 11.00 ***** Kawasaki Kisen 429.00 17.00 9465 Mitsubishi Hvy 370.00 3.00 ***** Mitsui Eng&Sbldg...161.00 6.00 ***** Mitsui Osk Lines 533.00 15.00 ***** Nippon Express 413.00 -4.00 4528 Nippon Yusen 459.00 12.00 ***** Source: Thomson Reuters
        44 words
    • SHIPPING
      • 1077 20  - Liner shipping vs EU again DAVID HUGHES STRAIT TALK Once more, the industry is having to defend beneficial commercial practices from bureaucratic meddling By UNDERSTAND there was quite some party thrown in London last Friday night as the staff of the main liner conferences "celebrated" losing their jobs. The conferences
        BLOOMBERG  -  1,077 words
      • 174 20 [SINGAPORE] Ratings agency Standard Poor's said in a report yesterday that the creditworthiness of transport companies in the Asia-Pacific region, particularly airlines and shipping firms, is under increasing downward pressure. S&P said this is largely due to still-high fuel prices and weakening transport
        174 words
    • AVIATION
      • 430 21  -  YEN SREENIVASAN Global slowdown, OEM after-sales services some of the causes, insider says By [SINGAPORE] A protracted slowdown in the global aviation sector could cause consolidation and restructuring within the global aircraft MRO (maintenance, repair overhaul) sector, according one seasoned industry insider. "The MRO business
        430 words
      • 521 21 Latest move slashes 50-73% off some budget fares [KUALA LUMPUR] Malaysia Airlines (MAS) hopes to generate RMIOO million (Ss42 million) in sales from its latest "All Inclusive Low Fares" promotion, says a report in Malaysia's Business Times, quoting a top official. "This is our
        AP  -  521 words
      • 295 21 Bernama [KUALA LUMPUR] Air Asia X, the low-cost long-haul affiliate of Air Asia, is set to take delivery of the first brand new Airbus A 330, which is expected to reduce the airline's fuel consumption and maintenance costs, its chief executive officer
        Bernama  -  295 words
      • 398 21 Bloomberg [SEATTLE] Boeing and the International Association of Machinists and Aerospace Workers will resume talks tomorrow to try to end a strike that has kept the No 2 commercial planemaker's factories idle into a seventh week. The negotiations with a federal mediator will be
        – Bloomberg  -  398 words
      • 192 21 Reuters [DETROIT] Air cargo company Forward Air Corp on Monday reported a higher quarterly net profit that matched market expectations despite an industrywide freight slowdown. But Forward Air gave a fourth-quarter earnings outlook that fell short of analysts' estimates. The Greeneville, Tennes-see-based company reported third-quarter
        ■ Reuters  -  192 words
      • 2563 21 AIRLINE CODES 3ao Airlines (AAL), AF Air Fran r India (AC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd 7»,.™„, BG: Biman Bangladesh Airlines vuuw ~„,al Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA Airways Corpn (EVA), CA:
        2,563 words
    • MOTORING/AVIATION
      • 614 22  -  SAMUEL EE Entry-level sedan is now longer and wider, but lower than its predecessor By [SINGAPORE] The Thai factory producing the new Honda City will be the mother plant for worldwide export as the Japanese carmaker designates this previously Asean-only model as the
        614 words
      • 605 22  -  SAMUEL EE One of its largest markets for the technology is China By [SINGAPORE] More and more new cars are expected to be fitted with Xenon headlights as standard, according to Philips, which is seeing demand from car makers for this particular
        605 words
      • 261 22 Bloomberg [PARIS] Aeroports de Paris (ADP), the state-controlled owner of Charles de Gaulle and Orly airports, and the Dutch government-owned operator of Amsterdam airport will exchange equity stakes of 8 per cent and increase cooperation to help Air France-KLM Group win more customers.
        – Bloomberg  -  261 words
      • 180 22 -AFP [NEW DELHI] India's largest private carrier Jet Airways is planning to slash the pay of its top 200 executives by 25-30 per cent as it battles soaring costs and an economic slowdown, a report said yesterday. The salary cuts would affect staff
        -AFP  -  180 words
      • 102 22 Bloomberg [TOKYO] Japan Airlines Corp (JAL), the country's biggest carrier, flew 15 per cent fewer international passengers last month as higher fuel surcharges hurt demand. The Tokyo-based carrier flew one per cent fewer passengers domestically, spokesman Toshiaki Norita said without giving details on
        Bloomberg  -  102 words
      • 883 22 -NYT [NEW YORK] EVEN as airlines continue to make their loyalty programmes more restrictive, hotel companies are taking the opposite tack and making theirs more attractive. Given that both airlines and hotels have been hit by the slowing economy, why the disparity between
        -NYT; BLOOMBERG  -  883 words

  • Page 20 Advertisements
    • 134 20 H r.»_,.,.... J I a«l I f^wjmmn^" 0^ I T»OQrl 1+- aHII i-lii-L^ i-h /SPSS* J iv^dv4.Xl; I 111 rx 11_ IW""" f The Straits Times Li IMI I $rf> www.straitstimes.CDm M a ,r.ta watch it m 1 wwu/frazpr •tv fl i^-——____ T^ \aM j^ (f\f W f??irt tif rTW
      134 words

  • Page 21 Miscellaneous
    • 350 21 CRYPTIC CROSSWORD I Whisky found on grassy hill B^B^J I BB^BJ in the morning? (8,3) B^B^B 7 Cut during time abstainer ***** 881 BB| BH BB| BH BBBH Hit space bar (7) MM 10 Revolutionary palindrome __HH__^M__^H___HH__HH__^B__^H__ I 1 Conrad converted Scotsman ■^■^■H HH mU who is very harsh (9)
      350 words


  • GLOBAL FINANCIAL CRISIS
    • 960 23 Reuters, Bloomberg, AP, AFP EU to enlist China and India in summit to reform global financial system [LONDON] The International Monetary Fund (IMF) prepared to intervene in financial trouble spots in several corners of the world as the European Union yesterday vowed
      – Reuters,; Bloomberg,; AP,; AFP  -  960 words
    • 532 23 Reuters [HONG KONG] A big wave of defaults could be forming among small and mediumsized companies in Asia, raising the spectre of a pile of bad loans at the region's banks and a further plunge in investor trust. Several Hong Kong
      Reuters  -  532 words
    • 526 23 AFP, Reuters To be out by mid-2009, the list could include Switzerland [PAßlS] Seventeen countries led by France and Germany decided yesterday to draw up a new blacklist of tax havens which could include Switzerland, in a first step towards rewriting the rules of global finance.
      AFP,; Reuters; AFP Graphics  -  526 words
    • 432 23 Bloomberg [WASHINGTON] The Federal Reserve Board invoked emergency authority to purchase assets from money market mutual funds that are having difficulty meeting redemptions from their investors. The Fed is tapping its De-pression-era emergency powers and creating a new facility to buy a
      ■ Bloomberg  -  432 words
    • 441 23 Bloomberg [SYDNEY] Australia has ruled out extending a government guarantee to deposits held at foreign investment banks,including JPMorgan Chase and ÜBS, and the banks say that the exclusion is harming their ability to source funds. "A bank that's incorporated in Australia, that's legally
      – Bloomberg  -  441 words

  • Page 24 Advertisements
    • 27 24 me S S^ ttVetS' usU ve SS e %t^ M I •tan*"' 1 ".eao*"^,^"" 5*3 1 rS si»ceieW' Jointly organised by: I^^^SS k>"'g!™«S'™ the Business Times am-
      27 words

  • ProcessCEM ASIA
    • 908 25 Staying focused and leveraging on established alliances will be key to Hiap Seng's growth, reports teh shi rainiG IT is the *****, and a small rented shop-house in Havelock Road is where a leading player in Singapore's oil and gas process industry is to be born.
      YEN MENG JIIN  -  908 words
    • 718 26 Be selective in securing jobs, says jamesgoh, president of process industry group ASPRI PROCESSCEM Asia aims to provide a global platform for the industry players to network, update and showcase their services as well as enhance Asia's fledgling process industry so as to tap the
      718 words
    • 728 26  -  JAMIE LEE By STAINLESS steel distributor Sin Ghee Huat Corporation expects to ride on the rig-building sector to boost demand for its steel products, even as the oil-and-gas cycle heads downwards, a senior executive told BT recently. Despite the crowded steel distribution industry, Sin
      728 words
    • 775 28 Plant Engineering MD Wong Peng tells chowpeimim imee how he intends to sharpen the company's competitive edge and expand its business ONE firm that has not seen significant pressure on financing and a squeeze on credit in this current turmoil is Plant Engineering Construction. The
      775 words
    • 817 29 Chairman Cheng Woei Fen is confident the company's cautious stance will stand them in good stead to weather the financial storm, reports teh shi rainiG MUN Siong Engineering has come a long way from its humble beginnings almost four decades ago. In 1969, it started
      817 words
  • Page 25 Advertisements
    • 762 25 The International Exhibition Conference —-fc?l-il-aT?fr4 on Plant Construction, Engineering "-^vifnlv "^r"*' Maintenance For The Process Industry "^.^f^^K^jii"^3v^ ißf"' I 1" 22 -24 October 2008 Suntec Singapore 10am 6pm daily W/m^BSP mM I Admission: Trade Professionals only r&Ete1--www.processcemasia.com JHUgjj hBI r Visit Southeast Asia's only dedicated showcase for construction, "y^^y^ engineering
      762 words

  • Page 26 Advertisements
    • 102 26 !||L Corporate Headquarters iJuS SJkS ECO Industrial Environmental *Vs=? VS/ Engineering Pte Ltd %&iS£ "sssss* via 40,Tuas West Road, Singapore *****9 Tel: 6517 3600 Fax: 6862 0133 Customer Service Hotline: 6517 3660 l§ Non-Hazardous Waste Management ™m C^ ECO Resource Recovery V£/ Centre Pte Ltd "I'sou^sr RvAC3S9 40,Tuas West Road,
      102 words


  • Page 28 Advertisements
    • 277 28 MARKET "PRODUCT APPLICATION •CUSTOMISATION- LOGISTICS 'INFRASTRUCTURE EIDIITC (R) know-how makes the difference El HI mkiw i X v ,1 AT THE WW I V ViJa FOREFRONT \m OFEXCELLENCE fIKIILS Pte Ltd is the subsidiary and member of ERIKS group NY. The ERIKS group currently consists of more than 50 group
      277 words
    • 93 28 i"«i,%% iß***^ v****^ H^F W> '^Mi ''lift t•"•%*"Sc^»*»%*j'u*-*.^»*»%***:.. "vJvCv.v.-.v.v.-.v.v.'l i ?Av.v.v.v-v.vjv-v.vj*.v.v.*.v.v.v.v.*.i ]zr iv-v.vfc *"»v.^k, /i^v/.".^v.^v,:'„^i^:^,v>^^.^ i»»#i»»»»*T***»»^«fc-»"*««-*-* *iii I^^H iW *«»**■> -3 tvßa^ji jaao--ajafldd .j-jt i a i oi *V i Your Specialist in Stainless Steel Products We carry a comprehensive range of 304/304 L and 316/316 L grades of austenitic
      93 words

  • Page 29 Advertisements
    • 143 29 ri^i fT7 ~2SI Plant Engineering Construction Pte Ltd (PEC) I .B^ is a single-source full turnkey engineering, procurement, fSf^s_ —*5 construction and maintenance service provider to the The PEC Group currently operates in Singapore, Malaysia, Indonesia,Thailand,Vietnam, China and the Middle East. PECs business encompasses; Project Works (EPC, EPCm Plant Construction)
      143 words

  • EDITORIAL & OPINION
    • 457 30 MONEY-SAVVY Singaporeans, even those who have never put a cent into any financial product, structured or otherwise, probably became financially "astute" very quickly in the past several weeks as the sorry saga of misled investors who had been mis-sold various Lehman-linked products unravelled. Not that many
      457 words
    • 1212 30  -  CHIU WU HONG DILPREET SINGH OBHAN New measures aim to bolster Singapore's status as a leading knowledge hub in Asia By and IN THE Singapore Budget 2008 announced earlier this year, the Minister of Finance announced that new measures would be put in
      FILE PHOTO  -  1,212 words
    • 770 30  -  ROBERT B ZOELLICK THE BOTTOM LINE SEPTEMBER and October are shaping up to be hard months in a precarious year. A meltdown in financial, credit and housing markets. The continuing stress of high food and fuel prices and the dangers
      770 words
    • 1225 31  -  TAN CHONG HUI A structured note is sugar-coated with the promise of or the potential for boosted cash flows By THE disintegration of the finance industry in the United States has hit home hard of late with investors of structured products linked to Lehman Brothers facing
      Singapore Management University  -  1,225 words
    • 1008 31  -  LEON HADAR FIRST, it was the hockey mom from Alaska who was going to help Senator John McCain get his groove back as he was trying to slow the momentum of Democratic presidential candidate Barack Obama. Mr McCain and his aides
      AFP  -  1,008 words


  • SINGAPORE STOCKS
    • 8926 32 Transaction date: Oct 21 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld |h Low Buyer Seller C'vr Net P/E M Cap Hi! Com| >an] 14 3 3148 8Telecom 19.5 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 21.5 6
      8,926 words
    • 2012 33 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      2,012 words
    • 65 33 52-Wk Tel High Low Code Last Sale Vol COOP) Day ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hii ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 392.1 198
      65 words
    • 60 33 Hii |h Low Code Comi >an' Sale COOP) Hii Low Bui rer Seller C'vr P/E Sinil 116 48 6000 AVJennings 20.5 4 6134 Over&Gen 45.5 6.5 6017 StarCruises 283 123 6019 TanChonglnt A48 A8 USS HK131 +0.5 1654 8 7.5 23.5 5 7.5 126 48 6.5 8 135
      60 words
    • 8596 33 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.509/ AIGIF Spore Bond Fund/A 1.259/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.62/ APS Alpha Fund (USD)!** 0.42/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6942/ APS Komaba Global
      8,596 words
  • Page 32 Advertisements
    • 31 32 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. JB& ||g< 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. l^^^^^H ';V;JI Internet: Http://www.audemarspiguet.com i^^** II fl^K'^O
      31 words


  • FINANCE & COMMODITIES
    • 370 34 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct 20 World Index Preliminan 720.9 2.8 -36.3 2.4 -37.0 2.5 -38.7 EAFE Preliminai 690.6 3.8 -38.4 3.1 -40.7 3.1 -42.3 Euro[ Preliminan 954.9 3.7
      370 words
    • 60 34 Oct2l Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low Nov08 1715 Dec 08 1697 Jan 09 1695 Feb 09 1701 Total o/p: ***** contracts 1680 1717 1678 373 5426 1653 1711 1640 2371 ***** 1652 1714 1639 6390 ***** 1654 1719 1646
      60 words
    • 24 34 Oct2l ten Hii Sett STI SIMSCI Oct 245.5 245.8 235.2 Taiwan Oct 193.6 193.7 189.8 Source: MF Global (S) He. Ltd
      24 words
    • 22 34 oct2l SS Bid Offer 1-month 1.4750 1.4767 2 months 1.4716 1.4734 3-months 1.4682 1.4705 6-months 1.4619 1.4642 Source: OCBC
      22 words
    • 78 34 Oct2l (US$) (S$) 3.***** 1.***** 1 mth 2 mths 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.*****
      78 words
    • 307 34 Oct2l OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 97.5600 97.7300 97.7150 97.6500 7417 9562 3315 3280 EUROYEN TIBOR FUTURES DecO8 99.185 99.190 MarO9 99.280 99.290 JunO9 99.265 99.280 SepO9 99.235 99.235 DecO9 Mar10 Jun10 Sep10 99.185 99.280 99.265 99.235 99.185 99.230 99.250
      307 words
    • 197 34 Oct2l RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) NOV08 183.0 Dec 08 190.0 Jan 09 194.0 FebO9 193.0 Mar 09 192.0 AprO9 185.5 180.0 190.0 194.0 193.0 192.0 183.0 183.0 183.0 182.0 183.5 184.5 187.0 25 100 20
      197 words
    • 90 34 Oct2l TREASURY BILLS 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 0.82 1.04 0.82 0.70 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 NY*****A 4.000
      90 words
    • 128 34 As at 9am Oct2l Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0310 1.1010 Can dollar 1.2310 1.2460 Euro 1.9580 1.9810 NZ dollar 0.9080 0.9290 Sterlini 2.5230 2.552I US dollar 1.4680 1.4850 Local dollars to 100 units of foreign currency: Currencies
      128 words
    • 178 34 Oct2l $S Offer Bid Overnight 1/8 1-month 1 1/4 2-months 1 5/16 3-months 1 3/8 Overnight mode: 1/16 US$ Offer 1/16 1 1/8 1 1/16 1 1/8 BJd 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 3.50 4.50 4.56 4.50 4.50
      178 words
    • 465 34 Oct2l AS _CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso IS Rand Sfr NTS Baht Pound us: Australia 0.823 4.704 0.519 5.338 33.757 67.758 0.697 9.086 2.427 1.120 55.920 33.239 1.017 7.055 0.793 22.512 23.645 0.403 0.688 Canada 1.215 5.713 0.630 6.483 41.001
      465 words
    • 138 34 Oct2l GOLD (USS/oz) Oct 21 Oct 20 Hong Kong London 778.20 802.90 779.20 803.90 Oct 20 Oct 17 785.05 778.80 787.05 781.30 Source: Thomson Reuters CAST BAR (S$) Oct 21 Buying Sellini Kilobar "41,190.72" ***** PAMP GOLD BARS (S$) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
      138 words
    • 157 34 Oct2l Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.0167 1.0183 0.6880 0.6885 Canadian dollar 1.2350 1.2366 0.8358 0.8361 Euro 1.9591 1.9613 1.3258 1.3261 NZ dollar 0.9080 0.9096 0.6145 0.6150 Sterling md 2.5264 2.5292 1.7097 1.7101 US
      157 words
    • 70 34 Oct 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2069.80 2142.90 3 months 2131.00 2205.00 Copper, Grade A (US$/tonne) Cash 3 months 4751.00 4720.00 4868.50 4810.00 Lead (US$/tonne) Cash 1404.00 3 months 1420.00 1428.00 1440.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • 70 34 Oct2o COCOA (Btonne) Close Prev Hii ih/Low Dec 08 1268 1270 1294/1259 Mar 09 1285 1297 1305/1277 May 09 1298 1309 1316/1290 JulO9 1309 1321 1326/1310 COFFEE (US$/tonne) Close Pev High/Low Nov08 1744 1740 1789/1729 Jan 09 1791 1794 1834/1773 SUGAR (US tonne) White Close Prev High/Low Dec 08
      70 words
    • 104 34 net ?n SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 929.00 894.00 934.00 910.50 Jan 09 940.75 906.75 945.00 924.00 Mar 09 950.50 916.75 956.00 937.00 May 09 960.00 926.00 964.00 948.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 37.61 35.50 37.63 36.45
      104 words
    • 76 34 CRUDE OIL PRODUCTS Oct2o CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 69.56 1.33 WTI (Near Mth) 74.32 2.19 Dubai (1-Mth F) 65.57 2.75 Tapis blend 75.45 2.60 Minas 72.80 2.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 48.55 84.50 1.33 0.15 US$/barrel Opec Oil Basket
      76 words
    • 2852 34 BONDS WARRANTS [el Zode Com| Last Sale Vol Conv Exer COOP) Ratio Price Disc Gear- Mths ing Left >am +or>058 Advance Modules Grp W*****3 >036 Advance SCT Ltd W*****9 )092 Asia Environment W*****4 1481 #Asia Water Tech Ltd W*****0 3816 Asiasons Capital Ltd W*****7 S756 Asiatic Grp (H) Ltd W*****2
      2,852 words
  • Page 34 Advertisements
    • 203 34 f I A/I*l O^'o Al #^^#4h Market Movers for Stock Index Futures: L*^ 1 W W I Id I II ™%J^^l Policy outlook and interest rate hikes by Central Banks. 4 AXU.—.— XL-.—> F*> C~^ J. -J O Key economic indicators such as unemployment rates, GDP, CPI, PPL home sales,
      203 words

  • Page 35 Advertisements
    • 1131 35 m The Business Times Shipping Times UK CONTINENT SERVICE U.S.A SERVICE Destination Destination STXPOTBN RTM/ANR/TIL STX PO TBN 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 BRIGHT DBI/ABU/BRN/DMM/KWT STXPOTBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES
      1,131 words
    • 1218 35 WAN HAI INTERNATIONAL PTE LTD CRN0:**********0/R %t ■■>■.■ ■>■ ■>■■_>. TEL *****588 (14 LINES) FAX: *****163 VM lAf A M UA I IN F X Customer Service/Bookings Direct Line (1800) *****200 V H^l V WWHII I Inl LI lib J PKL TEL: <03| *****888 FAX: (03) *****283 PEN TEL: <04)
      1,218 words

  • Page 36 Advertisements
    • 1274 36 RI CKMERS LI NI E Ro»"d-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com USA Service Vessel I Vov I SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB I NEN I NYC I CPE Rickmers Hamburg 245 27/10 31/12 06/01 14/01 Rickmers
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