The Business Times, 30 October 2008

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Microfilm: NL29504
Total Pages: 32
1 32 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 ■V A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Thursday, October 30,2008
    20 words
  • Article, Illustration
    Lock icon NOL warns of losses as choppy seas loom
    642 1  -  VINCENT WEE Q3 net profit falls 82% but the real trouble starts now By [SINGAPORE] The global shipping industry is headed for a situation "never seen before" and the US$35 million profit that Neptune Orient Lines (NOL) still managed to turn in
    BLOOMBERG  -  642 words
  • Article, Illustration
    Lock icon Japan ready to calm markets, ease yen rise
    766 1  -  ANTHONY ROWLEY Several measures expected to be unveiled today to fight financial fires By in Tokyo PRIME Minister Taro Aso is expected to advance to today the unveiling of a package of emergency measures that form part of an arsenal of weapons
    766 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      43 1 1 COMP 829.41 -3.03 IIKKEI225 8,211.90 +589.98 1ANG SENG 12,702.07 +105.78 ;et index 384.15 -13.89 JAKARTA COMP 1,113.62 +2.23 1ANILA COMP 1,780.64 +76.23 ;eoulcomp 968.97 -30.19 ;henzhenb 220.11 -3.61 IUMBAI IND 9,044.51 +36.43 12N00N EDT Cham )OW 9,080.89 +15.77 IASDAQ 1,647.52 -1.95
      43 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 16.761 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 4.50 US 4.50 CANADA 4.00 SWITZERLAND 3.01 INDIA 13.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      42 1 IS$ (S$ per US$) 1.502 (US$/S$ per 1.602 2.406 :URO (US$/S$/E) 1.269 1.905 Foreign currency per US$ S$ 'EN 96.90 64.50 3.581 2.384 IK$ 7.753 5.162 !AHT 34.92 23.25 lUPIAH 10,800 7,190 1ENMINBI 6.842 4.555 INDIAN RUPEE 49.79 33.15 1.556 1.036
      42 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      42 1 BizlT FALLING DISGRUNTLED BE INSPIRED I All set for DEMAND **^s^>^ SHAREHOLDERS Zap for daily inspiration. grid computing SIA cutting capacity Showdown looms Win a Nikon Digital page 32 to Asian cities page 6 atE3'sAGM page 4 Camera! page 6 I—■—^B fdgfdrtt
      42 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Singapore firms are zen over the yen
      685 2  -  JAMIE LEE TEH SHI NING Limited exposure in Japanese market; but car importers face higher costs By and [SINGAPORE] Volatility in the forex market has hit several Singapore firms recently, with bellwethers such as Sing Tel and Capita Land likely to be hurt
      REUTERS  -  685 words
    • Article
      Lock icon Credit crunch takes toll on smaller firms
      550 2  -  CHEW XIANG OH BOON PING By and [SINGAPORE] Credit woes and corporate governance issues appear to be on the rise among small and mid-cap companies, as the financial upheaval continues unabated. WesTech Electronics, which was listed on the SGXin2OO2, said it got hit
      550 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Japan ready to calm markets, ease yen's rise
        73 2 PRIME Minister Taro Aso is expected to advance to today the unveiling of a package of emergency measures that form part of an arsenal of weapons Japanese authorities are deploying to fight the global financial and economic crisis. This will almost certainly
        73 words
      • Article
        Lock icon NOL warns of losses as choppy seas loom
        59 2 THE global shipping industry is headed for a situation "never seen before" and the US$35 million profit that Neptune Orient Lines still managed to turn in for the third quarter will likely turn into an operating loss in the next quarter, group
        59 words
      • Article
        Lock icon Singapore firms are zen over the yen
        101 2 VOLATILITY in the forex market has hit several Singapore firms recently, with bellwethers such as Sing Tel and Capita Land likely to be hurt by the slide in the Australian dollar. The latest currency to bring mayhem to the markets is the Japanese
        101 words
      • Article
        Lock icon Shareholder revolt looms for E3 Holdings
        73 2 SOME angry shareholders of Catalist-listed E3 Holdings plan to vote against the company's chief executive and chairman when the two are put up for re-election at E3's annual general meeting on Tuesday. The shareholders are unhappy at E3's recent performance, particularly after a recent
        73 words
      • Article
        Lock icon SIA cuts capacity to Asian cities as demand falls
        53 2 FACED with falling passenger numbers, Singapore Airlines has embarked on an aggressive capacity reduction programme which will see cuts in some Asian routes and total pullouts from others. The airline said that the changes will "better match capacity with demand". COMPANY
        53 words
      • Article
        Lock icon More private equity may flow into hospitality sector
        64 2 PRIVATE equity is expected to play a bigger role in the hospitality sector, given the likely medium-term difficulty in securing debt finance. But investors should be careful to pick the right type of project and must realise that investments have to be
        64 words
      • Article
        Lock icon World's oil output falling sharply: energy watchdog
        62 2 OUTPUT from the world's oilfields is declining faster than previously thought, the Financial Times reported yesterday. Quoting from a draft International Energy Agency report it had obtained, the paper said the lEA showed that without extra investment to raise production, the natural annual
        62 words
      • Article
        Lock icon China gears up for potential net capital outflows
        65 2 CHINA needs to prepare for any potential net outflows of capital and form a mechanism to manage crises caused by the global financial turmoil, said the State Administration of Foreign Exchange. It will tighten checks on capital flows through the services trade
        65 words
      • Article
        Lock icon Credit crunch squeezes Jones Lang LaSalle earnings
        47 2 JONES Lang LaSalle said third quarter profit dropped as the worldwide credit shortage curtailed property purchases and added severance costs as the company fired employees. Net income declined to US$l5 million from U5546.5 million a year earlier. PROPERTY, PAGE 30
        47 words
    • Article
      Lock icon Waiting for Bernanke: Wall St pauses after Tuesday's big rally
      616 2  -  ANDREW MARKS Investors hold fire as they wait for rate cut, market reaction By in New York WALL Street opened lower yesterday after the huge rally that sent the major stock indexes surging on Tuesday. The Dow Jones Industrial Average
      616 words
    • Article
      Lock icon Shareholder revolt looms for E3 Holdings
      490 4  -  CHEW XIANG Moves by some to oust CEO, chairman at upcoming annual general meeting By [SINGAPORE] Some angry shareholders of Catalist-lis-ted E3 Holdings plan to vote against the company's chief executive and chairman when the two are put up for re-election at E3's annual
      490 words
    • Article
      Lock icon High decibels likely at investors' meetings with DBS
      463 4  -  SIOW LI SEN By [SINGAPORE] Fireworks can be expected at today's DBS meetings with investors who have lost all their money investing in High Notes 5. Over 360 investors have signed up to attend two meetings with DBS' senior executives which will
      463 words
    • Article
      Lock icon US panel asks for top bankers' pay details
      280 4 Reuters Nov 10 deadline for beneficiaries of federal cash infusion [WASHINGTON] The nine largest US banks receiving US$l25 billion from the government were asked on Tuesday to hand over information about their compensation and bonus plans to a Congressional panel. Representative Henry
      Reuters  -  280 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      153 2 STOREWIDE BORDEAUX WINE SALE up to 47% now till 14 November 2008 while stocks last II Wine Description RP WS Usual NOW Ch Cos d'Estournel 2001 93 94 251.50 179.00 Ch Ducru Beaucaillou 2003 96 97 343.00 249.00 Ch Haut Brion 2001 94 95 790.00 509.00 Ch La Mission Haut
      153 words
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      Lock icon Page 3 Advertisements Column 1
      245 3 Frttser Stupes S/ucnj/ud/ simAu/ <& cwt ttu~(W& H^^hSl h 9^—in ma CM-I 1~~~ i U j W Him k 1 j «i i —l LJ S^wfeA KLflu rill 1 i Auii jJulS^^^BK jfl kHItJ^ '4Mr ft r Ur£jkr _t 4 MBBBBBBVaE li I 1 T V■ •|iiiifc)lJ"-e^''>i BBm Situated in
      245 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      205 4 I /suites le Grande PECATU BALI I^^^^^^^^ {gSS Pecatu located at the south western coast of Bali is known ni^^ for the famous Uluwatu temple and the Dreamland beach. M^ -^^^^g> LE GRANDE SUITES, a 5 star resort that personifies "Snss- luxurious green living, sits at the heart of the
      205 words
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  • COMPANY NEWS
    • Article
      Lock icon SIA cuts capacity to Asian cities from falling demand
      582 6  -  YEN SREENIVASAN But airline raises Middle East flights, maintains service on 'kangaroo-route' By FACED with falling passenger numbers, Singapore Airlines (SIA) has embarked on an aggressive capacity reduction programme which will see cuts in some routes and total pullouts from others.
      582 words
    • Article
      Lock icon Local banks' upcoming Q3 results under scrutiny
      512 6  -  CONRAD TAN By WITH the first Singapore bank results out tomorrow, investors are watching closely for warning signs of trouble ahead. Analysts say that there are unlikely to be nasty surprises in the banks' third-quarter results, but earnings may take a hit from
      512 words
    • Article
      Lock icon CDL Hospitality Trusts Q3 income up 30% to $24.4m
      446 6  -  UMA SHANKARI By CDL Hospitality Trusts (CDLHT) yesterday said that its third quarter distributable income rose 29.7 per cent to $24.4 million, from $18.8 million a year ago. Distribution per unit for the three months ended Sept 30 was 2.93 cents,
      446 words
    • Article
      Lock icon What next for Creative?
      536 6  -  ONG BOON KIAT 4 REATIVE Technology has fought waning sales, slipping bottom lines and cut-throat competition for the past three years but those could be mere skirmishes ahead of the real war. If recent developments are anything to go by, the company could be facing the
      536 words
    • Article
      Lock icon At a glance
      262 6 Three months ended Sept 2008 Nine months ended Sept 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS %CHNG CURRENT PREVIOUS %CHNG CURRENT PREVIOUS CHNG (S m) (S$m) (S$m) (S$m) i 1 Total Access 77.01 57.22 34.6 702.44 686.74 2.3 339.58 178.67 90.1
      262 words
    • Article
      Lock icon MP Reit's DPU up 15.6%
      375 7  -  AMIT ROY CHOUDHURY Its rental income remains strong in Q3 despite challenging market By MACQUARIE Pacific Star, the manager of MP Reit, said yesterday that the trust's third-quarter distributable income was $17.2 million. Distribution per unit (DPU) for the period July 1 to Sept 30
      375 words
    • Article
      Lock icon CRCT's Q3 distributable income rises
      393 7  -  JAMIE LEE By CAPITARETAIL China Trust (CRCT) reported a 52.6 per cent jump in its distributable income for its 2008 third quarter yesterday and said it has secured refinancing for a US$lO5 million loan facility maturing soon. Thanks to strong revenue growth, CRCT reported a
      393 words
    • Article
      Lock icon Reit shares up on Macquarie deal
      186 7 Reuters [SINGAPORE] Shares of Singapore real estate investment trusts (Reits) rose yesterday, helped by improved sentiment after Malaysia's YTL Corp bought a 26 per cent stake in Macquarie Prime Reit at a more-than-50-per cent premium. "YTL's investment indicates there are investors who are confident
      – Reuters  -  186 words
    • Article
      Lock icon Ng family unveils plan to take Hiap Moh private
      457 7  -  AMIT ROY CHOUDHURY By THE Ng family controlling Hiap Moh Corporation (HMC) has unveiled a proposal to take the paper merchant private through an exit offer at 40 cents a share. The exit offer will be made by a special purpose
      457 words
    • Article, Illustration
      Lock icon New serviced homes brand for Frasers Hospitality soon
      622 9  -  ARTHUR SIM CEO says business actually picks up as MNCs look for more flexible staff housing By WHEN the going gets tough, tough hospitality operators open more rooms. Frasers Hospitality CEO Choc Peng Sum says that it is looking to start a
      622 words
    • COMPANY BRIEFS
      • Article
        Lock icon Singapore Shipping Corp warns of 6-month loss
        93 9 SINGAPORE Shipping Corp has warned that it expects to report a loss for the six months ended Sept 30, 2008. The loss stems from the negative net change in fair value of its financial assets held for trading. The group said it does
        93 words
      • Article
        Lock icon Excelpoint Q3 profit shrinks to US$0.1m
        58 9 EXCELPOINT Technology said yesterday net profit in Q3 2008 fell to US$O.l million from a profit of US$O.2 million a year ago. Revenue was US$llB.O miUion in Q3OB, compared with U*****.4 million in Q307. The decrease in revenue was mainly due to challenging business
        58 words
      • Article
        Lock icon Star group's offer for Cityneon becomes unconditional
        72 9 THE Star group's offer for Cityneon has become unconditional, after it garnered valid acceptances amounting to 51.08 per cent of the shares yesterday. Star, which publishes Malaysia's largest English newspaper, made a bid of 58 cents for Cityneon on Oct 2, raising it
        72 words
    • Article, Illustration
      Lock icon No reason for alarm over credit: Ascendas
      379 9  -  JAMIE LEE Industrial space provider spent over $Imon energy audit By THERE are no alarm bells ringing for Ascendas despite the credit crunch, says chief executive Chong Siak Ching. "We've always operated on a very conservative gearing, so we don't see any reason
      379 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      29 6 Digital Camera worth $549! Contest ends 31 October 2008. I 1 Nikon 8.1 megapixels High performance digital image-processing engine Built-in Wi-Fi support Internet connectivity Zap Code /PrIP PfUfH MARKETS
      29 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Jardine push helps ST Index rise
      595 8  -  R SIVANITHY STOCKS But the broad market weakens on continued margin calls and forced selling THE Straits Times Index yesterday swung wildly in tandem with Hong Kong's Hang Seng Index, the US futures market and Europe's volatile opening, eventually finishing with a net 4.71-point
      Bloomberg  -  595 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      99 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 10 3 0 0 0 2 10 3 lanufacturing 49 73 66 10 54 83 75 Commerce 12 28 22 14 31 25 )t/Stor/Comms 17 17 19 18 ■inance 16 15 16 15 instruction 12
      99 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      107 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 32,711 32,711 96,758 96,758 lanufacturing 276,898 38,428 315,326 147,911 1,474 149,385 lommerce 184,327 9,403 193,730 115,378 1,114 116,492 'pt/Stor/Comms 164,531 1,929 166,460 254,751 392 255,143 :i nance 82,676 82,676 581,016 581,016 lonstruction 17,079 9,687 26,766 1,742 158 1,901 'roperties
      107 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      104 8 lapitaLand 2.630 -0.010 lapitaMall 1.620 -0.030 jtyDev 5.970 -0.080 losco Corp 0.660 -0.045 IBS Grp 10.600 +0.400 :&N 2.600 +0.100 Sent Intl 0.340 -0.005 iolden Agri 0.175 +0.005 IK Land 2.350 +0.100 IMH 19.000 +2.000 ISH 9.300 +0.450 lardineC&C 8.300 -0.030 Ceppel Corp 4.120 -0.030 Ceppel
      104 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      887 8  -  JAMIE LEE SINGAPORE has gone into recession and rising credit costs will be the biggest earnings drag for banks going forward. The question now is not when non-performing loans (NPLs) will rise but rather, by how much it will inflate. Banks' earnings are the most sensitive to changes
      Bloomberg  -  887 words
    • Article, Illustration
      Lock icon Rate cut talk sparks stock and forex rallies
      542 8  -  LARRY WEE CURRENCIES TALK of impending rate cuts in the US and Japan spurred a sharp turnaround for Wall Street and beaten-up currencies like the Australian dollar and British pound yesterday. But by the time Asian trading drew to a close, market
      : Reuters  -  542 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 8 Oct29 VALUE CLOSE BT OB/OS -1703.00-263.00 BT CADI -*****.00 -80.00 BT 10-day MA -*****.00-171.00 FTSE ST Mid Cap 318.25 -2.53 FTSE ST Small Cap 264.42 -3.00 FTSE ST All Share 395.28 +0.09 FTSE ST China Top 136.99 -4.79 FTSE ST China 141.03 -3.94 UOB Catalist 73.99 -0.65
      60 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      63 8 VOLUME Noble Grp 80,191,000 Golden Agri 54,428,000 Sing Tel 45,676,000 Federal Int 26,835,000 Cosco Corp 25,503,000 Capita Land 24,539,000 China Honqxinq 24,075,000 Abterra 23,596,000 Gent Intl 23,171,000 DBS Grp 23,108,000 VALUE(S) DBS Grp 247,829,180 UOB 155,340,028 Sing Tel 109,002,640 OCBC Bk 99,307,715 Keppel Corp 70,872,869 Capita Land
      63 words
    • Article
      Lock icon RISES
      108 8 CLOSE UP 1900 300.3 11.8 JMH GLD 10US$ 7430 129.1 1.2 JSH 930 67.6 5.1 OCBC Bk SGAePW*****4 118 49.5 72.3 DBS Gr| 1060 40.0 3.9 in< )Tel 100 239 38.0 18.9 India Ni 10 809 32.0 4.1 UOBSGAePW*****1 82.5 28.5 52.8 Korea 10US$ 212 27.0 9.3 China H
      108 words
    • Article
      Lock icon FALLS
      116 8 CLOSE DOWN OCBC Bk4.5%NCPS 100 7410-190.0 -2.5 OCBC Bk5.1%NCPS 100 8340-110.0 -1.3 Great Eastern 950-100.0 -9.5 S I A 1030 -50.0 -4.6 SIA 200 1020 -42.0 -4.0 OCBC Bk 480 -31.0 -6.1 DBS Bk6% NCPS 10 9470 -30.0 -0.3 OCBCCai 5.1%NCPS 100 8020 -30.0 -0.4 STI2700SGAePW*****0 216 -26.0 -10.7
      116 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      86 8 0O29 CLOSE CHNG FR Oct 28 YR2008 S$ LOW S$ HIGH USS 1.5012 0.42 1.5155 1.3457 Euro 1.9157 -1.74 2.2064 1.8640 Pounds 2.4085 -2.63 2.8431 2.3088 AS 0.9660 -3.59 1.3251 0.9068 Yen* 1.5414 3.28 1.6645 1.2619 Rill liah* 0.***** -0.50 0.***** 0.***** Baht* 4.3027 0.36 4.4299
      86 words
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      99 9 'fl^Z'f.T'"!^-.', WxS&sSSwmiii-. i i ■■■■■■■■in,., s- i ■■■■■■■■■■i|S J k E|. "i i Singapore Airlines and Silk Air, in conjunction with codeshare partner Malaysia Airlines, now operate A 14* daily flights between Singapore and Kuala Lumpur offering you the flexibility to fly at a time that K^M SIfIGAPORE \ft v
      99 words
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  • SINGAPORE NEWS
    • Article
      Lock icon More private equity may flow into hospitality sector
      436 10  -  NISHA RAMCHANDANI But investors must be choosy and have a long-term view, say analysts at a panel discussion By PRIVATE equity is expected to play a bigger role in the hospitality sector, given the likely medium-term difficulty in securing debt finance. But
      436 words
    • Article, Illustration
      Lock icon Rockeby gets two grants worth $750,000 for influenza tests
      294 10 TECS AWARDS SINGAPORE-BASED healthcare group Rockeby biomed said yesterday said it has been awarded two grants totalling $750,000 by Spring Singapore under its Technology Enterprise Commercialisation Scheme (TECS). Both projects are aimed at developing faster and more sensitive tests for influenza
      s FILE PHOTO  -  294 words
    • Article
      Lock icon 16 technology start-ups awarded $6m grants
      313 10  -  NOOR AISHA Pioneer winners get help to secure third-party funding, grow revenue By SIXTEEN technology start-ups have emerged from more than 200 applications for a total of $6 million in grants from Spring Singapore under the Technology Enterprise Commercialisation Scheme (TECS). The pioneer winners
      313 words
    • Article
      Lock icon LTA signs agreement with Shanghai Construction Group
      201 10 THE Land Transport Authority (LTA) yesterday signed a Memorandum of Cooperation (MOC) with Shanghai Construction Group (SCG) to share knowledge and establish a cooperative framework. "Besides strengthening our existing business partnerships, LTA is building new ones to achieve our ambitious expansion of our
      201 words
    • Article, Illustration
      Lock icon PowerSeraya sale may be closed by early Dec
      467 10  -  RONNIE LIM Company may start roadshows for bidders next week By CONTRARY to some market speculation of delays given the financial turmoil, Temasek Holdings' sale of PowerSeraya launched on Oct 7 remains on track, sources said, with the first bids already in.
      467 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon FairPrice extends 5% housebrand discount
        79 10 NTUC Fair Price is extending its 5 per cent discount on 500 essential housebrand items till end-March 2009. Group CEO of Fair Price, Tan Kian Chew, said: "Recent studies have shown that with the economic downturn, shoppers are tightening their belts by eating in more
        79 words
      • Article
        Lock icon Comic book on intellectual property
        62 10 THE Intellectual Property Office of Singapore (IPOS) has launched an educational comic book Know Your Copyright! that features 30 entries by students. "With Internet as one of the main sources for information search, there is an increasing need for students to know about the perils
        62 words
      • Article
        Lock icon GE Healthcare, Ngee Ann Poly sign MOU
        64 10 GE Healthcare and Ngee Ann Polytechnic have signed a Memorandum of Understanding to explore opportunities for collaboration in developing Healthcare Information Technology education courses in Singapore and Vietnam. The courses will be aimed at biomedical engineers in hospitals and nursing homes, providing them
        64 words
  • Page 10 Advertisements
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      32 10 v jackpot I 1,500,000Today! Sales Close at 6pm Draw at 6.30pm bLAYA Always play with care. Towards Community Wj^^M f—P° n»lbln not bet illegally. Furpose and Benefit B^~J BCBRegNo *****0202G I POOLS
      32 words
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      216 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ALPINE ELECTRONICS ASIA PTE LTD [Company Registration No.: *****0059 M) [IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting
      216 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon World's oil output falling sharply: energy watchdog
      560 11 Reuters Issue becoming urgent as prices fall, investment decisions delayed: lEA report [LONDON] Output from the world's oilfields is declining faster than previously thought, the Financial Times reported yesterday. Quoting from a draft International Energy Agency report it had obtained, the newspaper said
      ■ Reuters; AP  -  560 words
    • Article
      Lock icon Pakistan to go to IMF if its friends don't act
      367 11 AP But Fund's painful conditions will be politically unpopular [ISLAMABAD] Pakistan will ask the International Monetary Fund for a bailout package in less than two weeks if it cannot secure funding from international friends to help stabilise the cri-sis-wracked country.
      AP  -  367 words
    • Article
      Lock icon Slowdown in Gulf states may hamper rest of Middle East
      241 11 -NYT [CAIRO] For many of the financially strapped nations of the Middle East, the oil- rich countries of the Persian Gulf have served for years as an economic lifeline. They provided jobs for their citizens, who in turn sent millions
      -NYT  -  241 words
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      623 11 p^ EHRADE MOBILE "M 1 PRO Exclusively on Blackßerry® Invest in U.S. Markets Anytime, Anywhere! 1 T^\ Download ETRADE MOBILE PRO advanced brokerage software to your t I Blackßerry® smartphone 2 and you can trade in US markets anytime, anywhere. |p memu You can still enjoy the advantages of everything
      623 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia's former central bank chief jailed for graft
      553 12 Reuters Top graft-buster announces four more suspects in corruption case [JAKARTA] The former governor of Indonesia's central bank was yesterday sentenced to five years in jail for corruption, becoming one of the most senior officials to fall foul of the country's clampdown
      – Reuters; REUTERS  -  553 words
    • Article
      Lock icon Jakarta asks companies to remit export earnings
      470 12 Bloomberg It will also scrap levy on overseas palm oil sales to boost rupiah [JAKARTA] Indonesia asked state companies to bring export proceeds home and will scrap a levy on overseas palm oil sales to boost the rupiah, after the currency plunged as
      Bloomberg  -  470 words
    • Article
      Lock icon Slower growth for mobile phones seen in Malaysia
      300 12 Bernama [KUALA LUMPUR] The Malaysian market for mobile and handheld phones this year is expected to record slower growth due to creeping inflation and the increase in petrol prices. Research firm IDC said, based on its Asia/Pacific Quarterly Mobile Phone Tracker for
      – Bernama  -  300 words
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      1265 12 JL^I y/ JL JL^.^JLjl3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg In the matter oF The Companies Act, Cap. 50 And In the Matter of INT, ERRA resources limited c^*™™™™ resources (Incorporated in the Republic of Singapore) staVutorydeclaration by (Company Registration No. *****0166Z) directors of company's inability (Australian Registered Body No.
      1,265 words
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      Lock icon Page 12 Advertisements Column 2
      96 12 OUT NOW! The November issue of Pulses is out! DISCOVER how Straits Asia Resources CEO Richard Ong got his pot of gold. LEARN tips for defensive investing and how to apply the risk arbitrage technique successfully. UNDERSTAND what is happening in '^9l Get your the construction industry. copy from any
      96 words
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  • GREATER CHINA
    • Article
      Lock icon China gears up for potential net capital outflows
      367 13 Bloomberg It will tighten checks on cross-border capital flows and cash transfers [BEIJING] China needs to prepare for any potential net outflows of capital and form a mechanism to manage crises caused by the global financial turmoil, the nation's top currency regulator
      – Bloomberg  -  367 words
    • Article
      Lock icon BOC profit growth slowest in two years
      226 13 Bloomberg [BEIJING] Bank of China (BOC), the nation's largest for-eign-exchange lender, said profit rose at the slowest pace in two years as credit-market losses increased and loan demand declined in China. Net income climbed 11.5 per cent to 17.8 billion yuan (553.9 billion),
      – Bloomberg  -  226 words
    • Article, Illustration
      Lock icon China halts all egg exports by Hanwei
      632 13 AFP, AP, Reuters [BEIJING] China said yesterday that it had halted all exports by a major Chinese egg company that sold to Japan and other parts of Asia after some of its products were found to contain the toxic chemical melamine. The Dalian
      AFP, AP, Reuters; AP  -  632 words
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  • INDIA
    • Article
      Lock icon Retailers bank on bullion this festive season
      422 14 Reuters Consumers avoid splurging on jewellery as they wait for gold prices to fall further [NEW DELHI] Indian retailers are hoping that volatile stock markets will drive demand for gold coins, medallions and bars rather than just jewellery during the peak festival season
      Reuters  -  422 words
    • Article, Illustration
      Lock icon No plans for IPL team, says Anil Ambani
      300 14 Bloomberg [MUMBAI] India's sec-ond-richest man, Anil Ambani, denied a claim from Indian Premier League chairman Lalit Modi that he may bid for a franchise in the Twenty2o cricket competition. "We categorically deny any interest as claimed by Mr Lalit Modi," an Ambani
      ■ Bloomberg  -  300 words
    • Article
      Lock icon Telenor to buy 60% of Unitech Wireless for US$1b
      285 14 Bloomberg [MUMBAI] Telenor, the largest Nordic phone company, agreed to buy 60 per cent of India's Unitech Wireless for US$l.O7 billion and plans a share sale to finance the purchase. Unitech, owned by Indian real-estate company Unitech, is scheduled to start
      – Bloomberg  -  285 words
  • Page 14 Advertisements
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      2282 14 W*27 rTK^rT/nrr To"free: 180°-289-8822 V IV 11| I I L W Email: notices@sph.com.sg _L V^>/ J_ J.VJ i' k3 www.cats.com.sg ai a SM T G SWING MEDIA TECHNOLOGY GROUP LIMITED (Incorporated in Bermuda) (Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General
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      127 14 THE HEARTBEAT OF THE INDIAN COMMUNITY BRILLIANT FEATURES: ■^■■^■■■■■■■■■■■iHMI High performance and balance of 3000 ■jWjiJ^*Mfj^WHWtUjJ lumens with a 2000:1 contrast ratio K^^RW^^^W^^^^^^^^Q^B True-to-life colors of DLP® with Brilliant Color™ ■■■■■■■■■■■■lii technology •JtjljijlM iI?B Display Link content-over-USB for fast setup Lite Touch™ control Pick up your FREE copy at Mustafa,
      127 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Now San Miguel plans to buy stake in refiner
      609 15 -Bloomberg Cash-rich food firm already eyes stakes in Manila Electric, Bumi Resources [MANILA] San Miguel Corp, the Philippine food company seeking to expand into energy and mining, is in talks to acquire a controlling stake in refiner Petron Corp in a
      -Bloomberg  -  609 words
    • Article
      Lock icon Planes, autos fuel surprise rise in durable goods orders
      630 15 AP, Reuters LATEST US DATA [WASHINGTON] Orders to US factories for big-ticket manufactured goods posted an unexpectedly strong showing in September the largest gain in three months on a surge in demand for airplanes and autos, government data showed yesterday. The
      AP, Reuters  -  630 words
    • Article, Illustration
      Lock icon Chip sector a drag on Toshiba, Fujitsu earnings
      581 15 Reuters [TOKYO] Japan's Toshiba Corp posted a 99 per cent plunge in quarterly profit yesterday on losses on its chip business, but it kept its annual earnings forecast above expectations. Sluggish chip operations also dragged down Fujitsu Ltd, as well as weak
      – Reuters; REUTERS  -  581 words
    • Article, Illustration
      Lock icon Time Inc to undergo revamp, cut 600 jobs
      584 15 AP [NEW YORK] Time Inc, the world's largest magazine company, is set to announce a revamping that will result in a reorganisation that could radically alter the culture at the venerable publishing house and job cuts of 6 per cent more than
      AP; AFP  -  584 words
    • Article
      Lock icon Sony's Q2 profit plunges 72% on soaring yen
      464 15 AP It posts earnings of 20.8b yen; sales slip 0.5% to 2.072t yen [TOKYO] Sony Corp's quarterly profit plunged 72 per cent as a surging yen wiped out perks from flat-panel TV and Play Station 3 sales, as well as box-office revenue
      AP  -  464 words
  • Page 15 Advertisements
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      111 15 m BY /SAVE TAX Our qualified professionals IfKfc-Z _9 can assist you with offshore |f| ]1 structures, shelf companies '-'•^<^<^^^ and incorporations in ALL jurisdictions including: 7T Britis'l Virgin Islands Cayman Islands Tl Bahamas jj Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available.
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  • WORLD
    • Article
      Lock icon Rivals' spending plans don't add up: analysts
      580 16 ■NYT US PRESIDENTIAL ELECTION McCain's spending, tax plans likely to dig deeper budget hole than Obama's [WASHINGTON] While both presidential candidates enter the campaign's final week promising to be the better fiscal steward, each has outlined tax and spending proposals that would make
      ■NYT  -  580 words
    • Article, Illustration
      Lock icon Out with the bling, in with the love
      772 16 Reuters Hard times may be generating a more caring consumerism [LONDON] Power tools roar as an army of workmen rushes to ensure Europe's largest city-centre shopping mall opens on time, but marketing executives say the crisis in global financial markets has accelerated
      – Reuters; REUTERS  -  772 words
    • Article
      Lock icon Wal-Mart to increase focus on emerging markets
      334 16 Reuters [NEW YORK] Wal-Mart Stores will focus on expanding its international business by putting more capital towards emerging markets and store remodelling projects, the company said on Tuesday. The announcement by the world's largest retailer comes a day after Wal-Mart said it would
      Reuters  -  334 words
    • Article
      Lock icon Chrysler pulls the plug on hybrid SUVs
      381 16 LAT-WP Sales of the nonhybrid versions have been selling poorly [NEW YORK] Before it even started selling them, Chrysler is spiking its hybrids. The troubled carmaker said on Tuesday that it would discontinue production of its Dodge Durango and Chrysler Aspen hybrid sport
      LAT-WP  -  381 words
    • Article
      Lock icon Financial firms near US$700m IPO suit settlement
      266 16 Bloomberg [NEW YORK] Morgan Stanley and Credit Suisse Group are among dozens of financial firms nearing a settlement of more than 300 lawsuits accusing them of rigging initial public offerings during the boom in technology stocks a decade ago. The settlement, in the
      Bloomberg  -  266 words
  • Page 16 Advertisements
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      97 16 IS News 1 -|Hiiaiice k •This service is available to postpaid mobile phone subscribers only. 'All prices include GST. ENGLISH SMS ALERT CHINESE SMS ALERT HOW TO SUBSCRIBE Business Finance News @$5.35/mth .Chinese News @$4.28/mth Sing Tel Mobile subscribers, call *155 Singapore News @$4.28/mth -Soccer News @$5.35/mth Ml Mobile subscribers,
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  • GLOBAL FINANCIAL CRISIS
    • Article, Illustration
      Lock icon Untitled
      87 17 'We'll stay on the accelerator, but we're increasingly ready to brake.' An Audi spokeman on future production plans 'We'll stick at this low point for a long time. Anyone who thinks that everything will soon be rosy again is naive.' Financial guru Marc Faber on global markets 'The problems are
      87 words
    • Article, Illustration
      Lock icon Lenders slap tight curbs on credit cards, credit lines
      702 17 -NYT US lenders write off USs2lb in 1H 2008; may lose another USsssb in 18 mths [WASHINGTON] First came the mortgage crisis. Now comes the credit card crunch. After years of flooding Americans with credit card offers and sky-high credit lines,
      -NYT; BLOOMBERG  -  702 words
    • Article
      Lock icon Hungary to get US$25.1b in IMF-led aid deal
      523 17 -AP [BUDAPEST] Hungary's currency and stock market were rising yesterday after the International Monetary Fund (IMF) said the country would get an aid package of up to US$25.l billion to rescue its economy hit hard by the global financial crisis. The IMF
      -AP  -  523 words
    • Article
      Lock icon Nasdaq CEO ready to extend price rule
      272 17 Reuters [NEW YORK] The chief executive of Nasdaq OMX Group is prepared to protect listings on the exchange from a minimum price rule beyond next year to avoid a crush of delistings. Earlier this month, the operator of the Nasdaq Stock Market suspended
      Reuters  -  272 words
    • Article
      Lock icon Bank mergers may spell higher mortgage rates
      662 17 Reuters [WASHINGTON] The flurry of bank mergers that may help save the US financial system from collapse will make it easier for the new behemoths to charge consumers higher interest rates on mortgages and credit cards. And antitrust enforcers won't be able to
      Reuters  -  662 words
    • Article, Illustration
      Lock icon Shui On to delay plan to build resorts in China
      446 17 Bloomberg [HONG KONG] The global credit squeeze has prompted Shui On Land to delay plans to build resorts in four cities in China's Yunnan province. "Under the circumstances, it's just not realistic to expect us to obtain sufficient finances," said
      – Bloomberg; FILE PHOTO  -  446 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Prospects for region remain bright
      1120 18 South-east Asia's fundamentals continue to present opportunities for the savvy investor, writes CHUANG PECK MING SOUTH-EAST Asian economies are starting to feel the pinch of the global financial turmoil. Early signs are already evident in the trade numbers, with Singapore posting declines in its key
      AFP  -  1,120 words
    • Article
      Lock icon Restaurant chain puts plans for Indonesia, Thailand on hold
      529 18  -  CHUANG PECK MING By MINISTRY of Food not a government ministry has put on hold its plans to open restaurants in Indonesia and Thailand. No, the company, which serves mid-price Japanese cuisine without preservatives, is not baulking because of the financial
      529 words
    • Article, Illustration
      Lock icon Carona going places with its sausages
      554 19 The company is expanding to Malaysia and Indonesia, reports CHUANG PECK MING IT'S hard to resist when opportunity comes knocking. So gourmet sausage maker Carona Holdings is setting up shop in Indonesia and Malaysia after getting "franchise and business enquiries" from these two countries
      554 words
    • Article, Illustration
      Lock icon Emerio makes S-E Asia its outsourcing centre
      593 19  -  CHUANG PECK MING Reports by SINGAPORE-BASED infor-mation-technology services provider Emerio Globe Soft finds South-east Asia "the best competitive landscape for outsourcing". Its chief executive officer Harish Nim says that the region is "a rich and hard-to-find combination of va-lue-added services, quality of skilled
      593 words
    • Article, Illustration
      Lock icon Trusted Hub's belief in its Malaysian partner paid off
      556 19 TRUSTED Hub's first overseas venture broke even in just four months. "And it is now enjoying one of the highest gross margins in this line of business," Trusted Hub's president Bryan Wong says of the "partner" licensed to operate the company's
      556 words
  • Page 18 Advertisements
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      193 18 With a global network spanning over 30 cities, IE Singapore takes your MlftSf I IpIHPI'IIHFII Injfini fWKfinlni fiß business further. MtfN L" nnWWmP ''I Hi fWWHiHilll From Abu Dhabi to Moscow, Hanoi to Sao Paulo, International Enterprise (IE) Singapore's presence Lj h v -^jwUA UyyCJLflHjylA|ULJ| in over 30 leading cities
      193 words
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  • Page 19 Advertisements
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      184 19 I Bl v^l Seminar Series: Doing Business in Emerging China Cities growing their indigenous businesses, China's emerging cities are making their mark and attracting interest from both local and foreign investors. Join us at our seminar and hear from the experts, and learn first-hand about the region's latest developments and
      184 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Lessons from the mini-bonds saga
      510 20 WAS it an accident waiting to happen, or were those who have lost money on structured notes here and elsewhere just unfortunate victims of the international financial crisis? Some 10,000 retail investors in Singapore reportedly bought more than half a billion Singapore dollars' worth of
      510 words
    • Article, Illustration
      Lock icon Asia could benefit from flight to quality
      945 20  -  JASPAL BINDRA The future lies in linking developed Asia more closely with developing Asia and Africa By AS THE ongoing market turmoil threatens to roil more financial institutions in the US and Europe, investors in Asia, Africa and the Middle East are turning
      REUTERS  -  945 words
    • Article, Illustration
      Lock icon Short-sighted policymakers have failed Asia again
      800 20  -  ANTHONY ROWLEY THE BOTTOM LINE SO MUCH for the idea of "market-led" economic integration that Asia, or some of its more short-sighted policymakers at least, have allowed themselves to believe is good for this region. The notion that markets could substitute for formal cooperation
      800 words
    • Article, Illustration
      Lock icon Beware the dangers of sovereign self-rule
      1181 21  -  KAI-ALEXANDER SCHLEVOGT It's an encouraging sign that accounting statements of SWFs must undergo audit but national standards vary, hence leaving room for manipulation By HOW do you tame a lion? Facing an imminent attack, an experienced animal trainer is quick to hold up a
      AFP  -  1,181 words
    • Article
      Lock icon How to avoid the perils of mis-selling
      1138 21  -  TAN SIN LIANG By OVER recent days, the media has been highlighting the tragic losses suffered by investors in buying structured notes, such as DBS High Notes, Lehman Mini Bonds and Pinacle Notes. It is shocking to discover that such highly complex derivative
      1,138 words
    • Letter
      Lock icon Pay structure of financial product sellers has to change
      179 21  -  Philip Ng Lin Ai LETTER TO THE EDITOR I REFER to the article "Zero payout for most High Notes 5 investors" (BT, Oct 29). Most, if not all, so-called financial consultants do not inform investors of the risks involved in financial
      179 words
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  • Page 21 Advertisements
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      62 21 Lianhe Zaobao I I Guangzhou's I home prices I fall 110% within I a month lr*Hifr«ffr I -^M rt Ml HilMwwwHilF.tWiiil.iiM K7_IFIHD THE ONES S-7JT C f J THATFITIH^ ps>y x\ Recruit the right people i jC— I _J through CATS Recruit. F" fi Call 1800 289 8822 or email
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Cosco to defer new projects, cut spending
      338 22 Reuters Shares jump 13.6% after news; firm says it's not involved in leveraged forex bets [HONG KONG] Cosco Pacific said yesterday it will cut capital spending and defer uncommitted projects and expansion of existing terminals amid a global financial crisis, boosting its stock
      ■ Reuters; BLOOMBERG  -  338 words
    • Article
      Lock icon Boeing machinist strike ends with pay rise, job security
      452 22 -AP [SEATTLE] Boeing machinists waged a 52-day walkout that ended on Tuesday with contract terms that boost pay and add protections for factory jobs, even as the economy slumps. But some industry analysts said that the deal may also embolden the
      -AP  -  452 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2445 22 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,445 words
    • Article
      Lock icon Taiwan, China to open direct sea cargo routes
      279 22 Reuters Landmark agreement ends years of costly freight detours [TAIPEI] Taiwan and China will open direct sea cargo routes through 14 ports as part of a landmark agreement seen next week, ending decades of costly freight detours required due to sovereignty concerns,
      ■ Reuters  -  279 words
    • Article
      Lock icon Gloomy outlook for Asia-Pac airlines
      215 22 -AFP [KUALA LUMPUR] Airlines in the Asia-Pacific face a tough future as the global financial crisis bites deeper, an industry group warned yesterday after passenger and cargo traffic fell sharply in September. Andrew Herdman, direc-tor-general of the Kuala Lumpur-based Association of Asia Pacific Airlines (AAPA),
      -AFP  -  215 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 22 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks lava Hold Ltd KTVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.23 0.24 0.66 0.30 0.33 0.43
        107 words
      • Article
        Lock icon KLSE
        37 22 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid PDZ Holdings 0.57 8.10 8.05 2.21 2.30 0.06 0.07 -0.01 -0.05 0.35 -0.04 -0.08 -0.01 -0.02 49 141 1068 973 25 181 150
        37 words
      • Article
        Lock icon BANGKOK
        12 22 ■oo ■recious Ship Jegional Cont 6.80 5.60 -1.20 unch 6165 320
        12 words
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        Lock icon HONGKONG
        11 22 '000 Doil iingamas Cont 11.14 0.55 0.64 0.05 1453 764
        11 words
      • Article
        Lock icon PHILIPPINES
        22 22 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.30 12.00 2.50 unch 0.30 -0.75 0.30 unch 5098 1912 140 0
        22 words
      • Article
        Lock icon TAIPEI
        21 22 Evergreen Marine ....14.85 :irststeamship 24.05 ManHai Lines 12.15 r"ang Ming Marine 7.97 0.95 1.55 0.75 0.52 12 16 5 26
        21 words
      • Article
        Lock icon TOKYO
        38 22 '000 (awasaki Hvylnd ..144.00 6.00 ***** (awasaki Kisen 353.00 21.00 ***** Mitsubishi Hvy 323.00 19.00 ***** l/litsuiEng&Sbldg...121.00 3.00 ***** l/litsui Osk Lines 446.00 31.00 ***** Nippon Express 396.00 36.00 5167 JipponYusen 453.00 33.00 ***** 'iource: Thomson Reuters
        38 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      295 22 CRYPTIC CROSSWORD ACROSS 1 Time may be on its side (6,5) 13 A column I will condense in- j^J to a short paragraph (6) l~j Sels (8) j^^^HjJ^l M^HHjMJ IMHI quite (6) ta^kk tak bb^^hb bi bi bbvj 21 Sports' event in which the BBB^__BH__HB]__H^^^JBL_BM__BB]B| 23 Point duty (6) mm
      295 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9025 23 Transaction date: Oct 29 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E j3 14 3 3148 8Telecom 19 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 21.5 6 1938 AEICorp 16.5 1.5 1100 AEM 35 7 2101 APOil 141 26.5 5550 ARA
      9,025 words
    • Article
      Lock icon SGX CATALIST
      616 24 Hil !-wks Tel Low Code Coi Sale COOP) Hi; Low Bi Seller Cvr P/E Smil 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 38 12.5 3518 s Afor 30.5 2.5 1524 s Alantac 20
      616 words
    • Article
      Lock icon SGX XTRANET
      715 24 52-Wk Tel High Low Code Last Sale Vol fOOO) Day Last Quote Ih Low Buyer Seller Div GrYld Net MCap C'yr P/E $mil Com i _Hm ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 392.1
      715 words
    • Article
      Lock icon CLOB INTERNATIONAL
      805 24 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
      805 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8486 24 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.328/ AIGIF Spore Bond Fund/A 1.235/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.51/ APS Alpha Fund (USD)!** 0.34/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6385/ APS Komaba Global
      8,486 words
  • Page 23 Advertisements
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      26 23 7|T| In Association With v l 5 AUDEMARSriGUET i^^Tw&^-S^l f Le maitre de Vhorlogerie depuis 1875 :'^W "l .jfiM sjj I v &*™igW www.audemarspiguet.com dEj tS^B^^ *-?'>?"
      26 words
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  • FINACE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      361 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct28 World Index Preliminan 643.1 2.3 -43.2 1.6 -44.0 2.2 -46.4 EAFE Preliminai 611.9 2.9 -45.4 2.2 -48.6 2.7 -50.7 Euro[ Prelim inan 860.7 2.2 -44.2 2.0 -51.0 2.6 -53.1 Pacific 504.0
      361 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      123 25 As at 9am Oct29 >f foreign currency: lurrencies Bid Offer wst dollar 0.9590 1.0140 .an dollar 1.1680 1.1810 luro 1.8930 1.9150 IZ dollar 0.8460 0.8650 iterlini 2.3790 2.4060 JS dollar 1.4820 1.4990 .ocal dollars to 100 units if foreign currency: Currencies Bid Offer Ihi renminbi 21.60
      123 words
    • Article
      Lock icon INTERBANK RATES
      178 25 Oct29 IS Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 5/8 US$ 3/8 1 1/4 1 5/16 1 3/8 Offer 1/4 1 1 1/16 1 1/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.50 4.00 4.25 4.25 4.50 4.30
      178 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 25 Oct29 ten Jii Sett STI SIMSCI Oct 199.5 213.5 203 Taiwan Oct 168.8 178.3 167.9 Source: MF Global (S) He. Ltd
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Oct29 Bid Offer 1-month 1.4998 1.5017 2 months 1.4973 1.4993 3 months 1.4947 1.4967 6-months 1.4879 1.4899 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      59 25 Out 29 lelivery lonth Opening Sett Av Range Price Price Hi Vol Open Done Position Low \Jov08 1487 3ecO8 1442 Ian 09 1428 :eb09 1410 FotaI o/p: ***** contracts 1464 1487 1430 1435 1442 1400 1435 1441 1391 1438 1442 1394 Turnover: ***** lots Market tone: Lower 323
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      305 25 Out 29 URODOLLAR FUTURES DecO8 VlarO9 unO9 iepO9 97.6400 97.8000 97.6750 97.5200 7958 ***** 3617 3573 EUROYEN TIBOR FUTURES DecO8 99.340 99.350 VlarO9 99.420 99.420 unO9 99.425 99.425 >epO9 DecO9 VlariO lun10 >ep10 99.330 99.420 99.420 99.335 99.445 99.400 99.355 99.290 99.180 99.130 99.085 200 46 63
      305 words
    • Article
      Lock icon SICOM FUTURES
      192 25 Oct 29 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) NOV08 173.0 Dec 08 Jan 09 Feb 09 177.0 Mar 09 177.0 Apr 09 180.0 173.0 177.0 177.0 178.0 173.0 173.5 177.0 177.0 177.0 180.0 8 40 20 20
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    • Article
      Lock icon GOVERNMENT SECURITIES
      87 25 Oct29 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****W 29.01.09 1-Year BY*****V 02.11.09 0.86 1.19 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X 3.125
      87 words
    • Article
      Lock icon CHICAGO BOT
      103 25 Oct2B SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 878.75 893.00 943.00 862.00 Jan 09 888.00 897.50 948.00 872.00 Mar 09 899.75 908.00 956.00 884.00 May 09 909.75 916.75 936.00 897.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 31.88 31.72 33.25 31.15 Jan
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS Oct2B CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 60.84 -0.50 WTI (Near Mth) 63.20 0.22 Dubai (1-Mth F) 57.20 1.35 Tapis blend 65.60 0.85 Minas 64.20 1.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 34.55 80.95 -1.77 0.15 US$/barrel Opec Oil Basket
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 25 Oct29 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.819 4.396 0.507 4.982 31.993 69.395 0.623 9.171 2.301 1.117 52.496 31.588 0.965 6.612 0.740 21.390 22.435 0.401 0.643 Canada 1.221 5.367 0.618 6.082 39.057 84.719
      462 words
    • Article
      Lock icon SIBOR
      76 25 Oct29 6 mths 1.***** 9 mths 2.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** 5yrs 2.***** 7yrs 3.***** 10yrs 3.***** 12yrs 3.***** 15yrs 3.***** Source: Thomson Reuters (US$) (S$) 3.***** 1.***** 1 mth 2 mths 3.***** 1.***** 3 mths 3.*****
      76 words
    • Article
      Lock icon PRECIOUS METALS
      166 25 Oct29 GOLD (USS/oz) Oct 29 Oct 28 GOLD BULLION COINS (S$) Sellini Hong Kong 750.00 748.00 751.00 749.00 Oct 28 Oct 27 London 736.90 733.40 739.40 735.40 Source: Thomson Reuters (S$) Selling Buying 1 oz 1260.46 1130 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $441.91 362 SILVER
      166 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 25 Oct29 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9643 0.9660 0.6423 0.6428 Canadian dollar 1.1774 1.1791 0.7843 0.7846 Euro 1.9041 1.9066 1.2683 1.2687 NZ dollar 0.8628 0.8646 0.5747 0.5753 Sterlini ind 2.4043 2.4079 1.6015 1.602: US
      156 words
    • Article
      Lock icon LONDON METALS
      68 25 Oct 28 iiuiii, yy.i (US$/tonne) Close Previous Cash 2054.20 1982.20 3 months 2110.00 2038.00 Copper, Grade A (US$/tonne) Cash 3 months 4135.50 4130.00 4028.00 4020.00 Lead (US$/tonne) Cash 1463.50 3 months 1470.00 1285.00 1295.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
      68 words
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      Lock icon LIFFE
      69 25 Oct2B COCOA (Btonne) Close Prev Hii ih/Low Dec 08 1299 1302 1335/1299 Mar 09 1309 1310 1342/1308 May 09 1321 1322 1350/1324 JulO9 1331 1332 1360/1330 COFFEE (US$/tonne) Close Pev High/Low Nov08 1547 1556 1578/1544 Jan 09 1604 unch 1635/1596 SUGAR (US tonne) White Close Prev High/Low Dec 08
      69 words
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      Lock icon BONDS & WARRANTS
      2998 25 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- ing K Left >058AdvanceModulesGrpW*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 6.5 1481 Asia Water Tech Ltd W*****0 ..18.5 5816 #Asiasons Capital Ltd W*****7 4 !756# Asiatic Grp(H) Ltd W*****2 9.5 H05#AsiatravelW*****7 7
      2,998 words
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      3378 26 Shipping times ttf W^M VPI BJ^B^fflTßffßHT^ffffinßnß 1 1 WAN HAI INTERNATIONAL PTE LTD cr NO: **********0/R E FISWSS!!! uhpm ||PBMwwi v>m\ wan hai lines -=/^^^z?k, 2 00 M A A -I I l*l^»l' JM9JH jjITCjaSJMJjJ niBHRSnS! ISfljgWiaHj V »«V ***** l llin I hll«h># PKL m: (03| *****588 FAX: KB)
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  • PROPERTY
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      Lock icon China, Korea face housing market bust
      1105 28 Reuters Source: Reuters Analysts say both countries have to take more steps to spur demand [HONG KONG/SEOUL] China and South Korea have moved to prop up their frazzled housing markets but probably need to do much more to avoid major price slides that could
      Reuters; Source: Reuters  -  1,105 words
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      Lock icon 51 % of US owners say their property value fell
      519 29 51 of US owners say their property value fell Bloomberg Perception of values more accurate as economy's weakness hits home: survey [NEW YORK] A majority of US homeowners believe the value of their property fell over the past year, according to a survey of real estate market confidence by data
      – Bloomberg; AFP  -  519 words
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      Lock icon Union Investment buys $63m building
      310 30  -  UMA SHANKARI By [SINGAPORE] German fund manager Union Investment Real Estate has acquired the Applied Materials Building in Changi Business Park Vista for $63 million for one of its funds, it said yesterday. The 198,000 square foot industrial facility was owned by Applied Materials SEA
      310 words
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      Lock icon Global credit crunch squeezes Jones Lang LaSalle earnings
      559 30 Bloomberg It also spent USsBm on severance pay for employees, mostly in Europe [NEW YORK] Jones Lang LaSalle, the second-largest commercial real-estate broker, said third quarter profit dropped as the worldwide credit shortage curtailed property purchases and added severance costs as the
      – Bloomberg  -  559 words
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      369 28 Use less space with a highly efficient floor plate Plot 4A International Business Park, Singapore [IJ«UUiTTI Expected TOP in Q4 2009 j Excellent corporate profile Private lobby for full floor tenants I Conducive workplace environment I Lush designer landscape grounds Latest business park office specifications I High 3m to 4.5
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      2072 29 g_-^-' h-/ I—--™—^M H j b >>■ I __li e| 3lilli*;: i|!;IP lii i Qj j OOOu I Rare Commercial Redevelopment Site in I I Marine Parade Central i 11 I Site Area: 1,734 sq.m/18,665 sq.ft EAST COAST ROAD II Plot Ratio: 8.445 (Based on Written Permission) > r G^n
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      945 30 FOR SALE Good Class Bungalow On BISHOPSGATE ***** 9000 sq.ft. (approx.) Vacant Possession For Viewing and Inspection, pis call CB Richard Ellis (Pte) Ltd John Goh 6854 8678 9383 6780 Expression of Interest m E3 closing 12 Nov 08 (3pm) cSTiI^" E Si FOR SALE BY TENDER PRIME STRATA OFFICE
      945 words
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  • BizIT
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      Lock icon Microsoft unveils a new, leaner Windows 7, drops Vista
      645 31 -NYT [LOS ANGELES] Microsoft on Tuesday introduced what it said would be a slimmer and more responsive version of its Windows operating system, while unceremoniously dropping the brand name Vista for the new product. The new version will instead be branded
      -NYT; REUTERS  -  645 words
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      Lock icon S'pore leads in brand loyalty for printer inks
      1042 31  -  AMIT ROY CHOUDHURY For the ink cartridge market, Canon, HP and Epson have a 93% share in Q2 By BUCKING the general trend in the Asia-Pacific, excluding Japan (APEJ) region, original vendors in the printer consumables market enjoy higher brand loyalty in
      1,042 words
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      Lock icon Unifying your threat management practice
      812 31  -  BENJAMIN TEH <you say> By I PROTECTING sensitive corporate data and enterprise network security is imperative to a company's survival as such data can be described as the business' life blood. Thus, it is crucial for companies to ensure that confidential information is tightly guarded
      812 words
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      Lock icon High-tech platform starts on Nov 1
      738 32 Three grid computing offerings launched by SCS, New Media Express, PTC System and their partners promise cheaper and more flexible IT ownership, reports ONG BOON KIAT SINGAPORE'S first commercial grid computing platform will kick off on Nov 1, promising a cheaper IT ownership model
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      Lock icon What's in store for grid computing users
      168 32 Alatum POWERED by hardware comprising 2,400 CPU cores and 16TB of storage, Alatum delivers a variety of computing power, storage and software offerings on a pay-per-use, on-demand and online basis. These offerings are provided by Actuate, Aksaas, Alp Soft, Avartis, BLC Solutions, Citrix
      168 words
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      46 31 Call 6-531 3700 now for the ACCPAC Specialists ssge ssge Stone Forest IT Call 6-531 3700 now for the IT Specialists Ha Microsoft gam Stone Forest IT GOLDCERTIFIED jOSM wivMW Partner www.StoneForestlT.com.sg Call 6-531 7681 now for the Payroll Specialist PAYDAY! Payroll Serve TIME TO RELAX
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      43 32 ■jap sg|gsg» j M L— Authorised OA Distributor: ServTouch-Wywy (Singapore) Pte Ltd 6213 7601 Samsung I I r\ I inn Register your product and be a part of Samsung Touch ULJ Lfl I www.samsungtouch.sg where a world of privileges is now at hand
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