The Business Times, 3 November 2008

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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 a* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Monday, November 3,2008
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  • Article, Illustration
    Lock icon Super rich suffer paper losses in October rout
    693 1  -  CHEW XIANG [SINGAPORE] Around the world the absurdly wealthy got badly bloodied in October's market freefall, with paper losses in the hundreds of billions after their companies' stock prices plummeted. In the US, shares lost US$2.5 trillion in October, according to the
    PHOTOS: AFP, AP  -  693 words
  • Article, Illustration
    Lock icon All indicators down: BT-UniSIM survey
    727 1  -  TEH SHI NING The business climate study's findings point to possibly a 1.2% GDP contraction in Q4 EYE ON THE [SINGAPORE] Key indicators of a business activity survey have fallen to their lowest readings in five years, with the sentiment measure down to nearly a
    BT-UniSIM Business Climate Survey  -  727 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      43 1 BizlT DINING VIEWS FROM COMMENTARY Spore poised to be Asia's OUT 1| 1 h THE TOP Broking research must most connected city The adventurous foodie m m Going green adapt to prevailing conditions PAGE 32 PAGE 15 1^ Vfwx^^ PAGES 10-11 PAGE 4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Not all gloomy for Asia-Pac IT sector next year
      745 2  -  AMIT ROY CHOUDHURY Gartner sees 8.3% growth in 2009; Singapore expected to remain flat [SINGAPORE] It will not be all doom and gloom in the Asia-Pacific's information technology sector next year. Despite the current global economic woes, which shows no signs
      BLOOMBERG  -  745 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon All indicators down in BT-UniSIM survey
        38 2 KEY indicators of the latest BT-UniSIM business climate survey fell sharply across the board for all types of firms. The findings also predict a Q4 contraction in the Singapore economy. FRONT PAGE
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      • Article
        Lock icon Super rich suffer paper losses in October rout
        39 2 AROUND the world the obscenely rich got badly bloodied in October's market freefall, with paper losses in the hundreds of billions of dollars after their companies' stock prices plunged. FRONT PAGE
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      • Article
        Lock icon Not all gloomy for Asia-Pac IT sector next year
        45 2 DESPITE the current global economic woes IT spending across the Asia-Pacific excluding Japan is still expected to grow by at least 8.3 per cent in 2009, according to an assessment by Gartner. TOP STORES, PAGE 2
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      • Article
        Lock icon Firms find business prospects best in China, Singapore
        40 2 BUSINESS prospects over the next six months for all types of firms are brightest in China and Singapore, according to respondents to the latest BT-UniSIM business climate survey. TOP STORIES, PAGE 2
        40 words
      • Article
        Lock icon Storm has passed but it's not all calm on Wall St yet
        81 2 j THE US stock market may have enjoyed its first back-to-back day of gains for the first time in a month last Friday, but Wall Street was more than happy to put the worst month of losses since
        81 words
      • Article
        Lock icon British 'toxic' notes fund out in the cold
        47 2 A UK-BASED fund that over the past two years peddled hundreds of millions of dollars in "toxic" convertible notes to local small caps is now targeting Hong Kong and Australia companies in need of cash. COMPANY NEWS, PAGE 5
        47 words
      • Article
        Lock icon DBS unit cuts S-chips figures
        27 2 CITING slowing consumption in China, DBS-Vickers has slashed its 2008 and 2009 forecasts for a clutch of S-chips. COMPANY NEWS, PAGE 7
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      • Article
        Lock icon A long-term financing model for scientific research
        46 2 OXFORD chemistry professor Stephen Davies is an accomplished serial entrepreneur who uses his science to make money to fund his research. It's a long-term financing model that could work well in Singapore too, he says. SINGAPORE NEWS, PAGE 9
        46 words
      • Article
        Lock icon Uzbekistan is MDIS' springboard to Central Asia
        47 2 IT may seem simply exotic and far-flung, but Uzbekistan offers scores of untapped opportunities, says the chief of Singapore's oldest private school, explaining why the former Soviet republic is its pick as springboard into Central Asia. SINGAPORE NEWS, PAGE 9
        47 words
      • Article
        Lock icon China's manufacturing down sharply in Oct
        55 2 CHINA'S manufacturing sector contracted sharply in October, providing evidence the global crisis has exacted a heavy price on the Chinese economy. The purchasing managers' index fell to 44.6, the lowest since the China Federation of Logistics and Purchasing began to compile it in January
        55 words
      • Article
        Lock icon Bakrie sells Bumi stake to repay debt
        46 2 INDONESIA'S Bakrie Brothers said it would raise US$l.3 billion from the sale of a stake in coal miner Bumi Resources to repay debt, a move that may restore some confidence in the country's battered stock market. MALAYSIA/INDONESIA, PAGE 16
        46 words
      • Article
        Lock icon Surprise RBI move to boost growth, liquidity
        43 2 INDIA'S central bank unexpectedly cut its key lending rate for the second time in two weeks on Saturday and took other steps to spur growth and counter fallout from the global financial crisis. INDIA, PAGE 19
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      • Article
        Lock icon US presidential rivals in last-ditch vote drive
        38 2 WARRING White House rivals Barack Obama and John McCain hurled themselves into a Herculean last 48 hours of campaigning before their date with destiny in tomorrow's election. US ELECTIONS, PAGE 22
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      • Article
        Lock icon 90% broadband adoption in S'pore
        41 2 I I SINGAPORE has hit its 90 per cent broadband adoption target a good seven years ahead of schedule and the country looks set to displace Korea to be Asia's most connected city. BIZIT, PAGE 32
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    • Article
      Lock icon Firms find business prospects best in China, Singapore
      282 2  -  TEH SHI NING BT-UniSIM survey [SINGAPORE] China and Singapore hold the best business prospects for local and foreign firms here in the next six months, say respondents to the latest BT-UniSIM business climate survey. Of the 154 firms polled, close to three
      282 words
    • Article
      Lock icon Construction industry seen resisting downturn
      489 2  -  OH BOON PING Nat Steel president cites public housing demand, projects [SINGAPORE] Singapore's construction industry is unlikely to slump despite the dim economic outlook, according to the head of the biggest steelmaker here. In a recent interview with The Business Times, Nat Steel president TV
      489 words
    • Article, Illustration
      Lock icon Storm has passed but it's not all calm yet
      747 3  -  ANDREW MARKS WALL STREET INSIGHT Focus this week on presidential poll, major earnings reports, jobs data THE US stock market may have enjoyed its first back-to-back day of gains for the first time in a month last Friday, but Wall Street
      AFP  -  747 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        50 3 Weekly Change 1,794.20 +193.92 ST Index 1 COMP 863.61 +4.50 IIKKEI225 8,576.98 +927.90 1ANG SENG 13,968.67 +1350.29 SET INDEX 416.53 -16.34 JAKARTA COMP 1,256.70 +11.84 1ANILACOMP 1,951.09 -2.40 ;eoulcomp 1,113.06 +174.31 iHENZHEN B 222.99 -22.03 IUMBAI IND 9,788.06 +1086.99 )OW 9,325.01 +946.06 IASDAQ 1,720.95 +168.92 ;&P 500 968.75 +91.98
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      • Article
        Lock icon PRIME RATES
        29 3 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 16.739 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 4.50 US 4.00 CANADA 4.00 SWITZERLAND 2.55 INDIA 13.75 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        41 3 IS$ [SI us$: 1.483 (US$/S$ il 1.618 2.400 EURO (US$,S$/E) Foreign currency 1.271 ;r US$ 1.885 S$ 'EN 97.20 65.50 3.558 2.399 N<$ 7.752 5.226 !AHT 35.03 23.62 lUPIAH 11,050 7,450 lENMINBI 6.841 4.612 INDIAN RUPEE 49.44 33.33 1.515 1.022
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      Lock icon Page 2 Advertisements Column 1
      133 2 Departs Daily Kuala Lumpur Malacca from Orchard Road Direct to Malaysia! No Transfers needed 29 seater Business Class Seater and Individual LCD, Meeting Lounge on lower deck weals onboard. Worldwide Hotels, On-line Reservations, Company Retreats, Local Sightseeing Tours Group enquiries are welcome Worldwide Hotel Online Instant Confirmation www.luxury.com.sg M. MXfll
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      Lock icon Page 2 Advertisements Column 2
      58 2 Air Astana the National Carrier of Kazakhstan offers flights from To book and buy contact your travel agent Bangkok (3X Weekly), or Air Astana at +65 6223 8377 Beijing (6x weekly) and For furtherJ^S n ™t o ur website -j^^^~: Seoul (2x weekly) ~^j to domestic Kazakhstan and Europe via
      58 words
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      172 3 marina barrage www.pub.gov.sg 1 Ml gg~m|n| S|| EJm3 Q)pUB Water for All -.Conserve, Value, Enjoy Koh Brothers Group Limited Ang Brothers M&E Pte Ltd Elmich (Far East) Pte Ltd JP Nelson Metax Engineering Corporation Ltd Patience Construction Pte Ltd Antara Koh Pte Ltd Hiap Shing Shipping Pte Ltd Lee Welded
      172 words
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  • COMPANY NEWS
    • Article
      Lock icon Broking research must adapt to prevailing conditions
      613 4  -  R SIVANITHY ANALYSTS have had to take a bit of a roasting in the popular press recently, especially those who maintained their "buy" calls on China steel maker FerroChina in August/ September when markets everywhere were crashing, the China story had long lost
      613 words
    • Article, Illustration
      Lock icon S'pore companies lag in CSR disclosure
      348 4  -  JAMIE LEE Top 20 firms here fare worst against HK, M'sia, Thailand THE 20 largest Singa-pore-listed companies have the worst corporate social responsibility (CSR) disclosure compared with those in Hong Kong, Malaysia and Thailand, a survey by CSR Asia showed yesterday. These companies registered
      BLOOMBERG FILE PHOTO  -  348 words
    • Article
      Lock icon British 'toxic' notes fund out in the cold
      824 5  -  CHEW XIANG S'poreans said to be behind fund blamed for small caps' share price tumbling A UK-based fund that over the past two years peddled hundreds of millions of dollars' worth of "toxic" convertible notes to local small caps is now targeting
      824 words
    • Article
      Lock icon COMPANY MEETINGS
      265 5 E3 Hldgs A 190 Ang Mo Kio Avenue 8, Singapore *****6 04-Nov 11.00am Novo Grp E RELC International Hotel, Room 506, Level 5, 30 Orange Grove Road, Singapore *****2 04-Nov 10.00am Courts (S) Ltd E Courts Megastore, Level 4, 50 Tampines North Drive 2, Singapore *****6 05-Nov 10.00am
      265 words
    • Article
      Lock icon PRIME LENDING RATES
      397 5 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of
      397 words
    • Article, Illustration
      Lock icon TAKING THE PLUNGE
      42 5 SOME 2,000 corporate executives from 625 companies braved the cold, rainy weather on Saturday morning to represent their organisations in the Osim Singapore Corporate Triathlon. This year's event saw the highest number of participants since its inception in 2006.
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    • Article
      Lock icon At a glance
      253 5 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 (Sim) (Sim) (Sim) (Sim) CHNG 1 UOB 475.00 501.00 -5.2 1213.00 1107.00 9.6 1605.00 1603.00 0.1 3902.00 3597.00 8.5
      253 words
    • Article
      Lock icon Cosco missing some money from Russia
      207 5  -  VINCENT WEE By COSCO Corp Singapore's Cosco (Zhoushan) Shipyard unit yesterday announced that it is owed US$l2.4 million by the owner of three Russian-owned fish processing vessels that it undertook repair works for. The repairs were carried out from August 2007 to October this
      207 words
    • Article
      Lock icon DBS unit cuts S-chips figures
      882 7  -  JAMIE LEE Slowing China consumption cited for revised 2008 and 2009 forecasts By DBS Vickers has slashed its fiscal 2008 and 2009 forecasts for S-chips including Fibrechem Technologies, Yanlord Land Group and Epure International, citing slowing consumption in China. The research note issued last Thursday
      882 words
    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (Oct 31,2008)
      261 7 MATURITY YEAR RAISED COUPON DATE RATE (%p.a.) AMOUNT ($m) INTEREST PAYMENT DATES OF DAYS OF ACCRUED INTEREST PRICES* (EXCLUDING ACCRUED INTEREST) REDEMPTION ISIN CODE YIELD (%p.a.) 5.01.2009 NX*****S 1999 4 3/8 6000.00 15/7 15/1 108 100.62 1.35 SG********** 11.10.2009 N*****0Z 2004
      261 words
    • Article
      Lock icon Vital to stop short-selling of warrants
      409 7 WARRANT INSIGHTS IN THE past couple of months, regulators worldwide have tried to curb short-selling of shares, many via outright bans. None of these measures has worked if people want to sell, they will sell regardless of official intervention. The outcome is that the
      409 words
    • Article
      Lock icon Eucon Q3 profit plunges 94%; revenue up 8%
      361 7  -  VINCENT WEE PCB manufacturing in China remains key revenue contributor EUCON Holding saw thirdquarter earnings plunge 94 per cent to $508,000 from $7.8 million in Q3 2007. Revenue inched up 8 per cent in the three months under review to $35.3 million
      361 words
    • Article
      Lock icon NCS to acquire SCS free-float shares
      305 7 THE remaining free-float-ing shares of Singapore Computer Systems (SCS) continue to be suspended after the expiry of NCS's takeover offer last Friday. Those shares will now be mandatorily acquired by NCS before SCS is delisted as planned. The suspension is made pursuant to Rule
      305 words
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      Lock icon Page 4 Advertisements Column 1
      77 4 ■IBM ■■■■■■■■■■■■■I ll&fl ~rs^- '^BkKKF mV J'if^^^^^ ii^Bfe^feS^M jt i-jlt'--' :'j':': Bp:: r"4 ;'"/'vr/' *"3 i .-^-j"*'-' *-fflF ''-JwBB JHjvJMR S ft---"."%-: Z\' 7 11 -_—r- Jammßfm Bm HOL -^"-^;iv^- t-^^ r.p :.v -f"" flKdJinL J *r^ /l *ft:-a>-^ ■"t '-S^ -j* 1 "i'-"'iJ" v ■^■i^:,,.-. "P* <■ *i lir^s
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      Lock icon Page 4 Advertisements Column 2
      328 4 A [GARS IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF LEHMAN BROTHERS ASIA PACIFIC (SINGAPORE) PTE. LTD. (In Creditors' Voluntary Liquidation) (Incorporated in the Republic of Singapore) (Company Registration No. *****3770 C) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of
      328 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Adapting to the shorter-term needs of investors
      718 6  -  R SIVANITHY STOCKS ELSEWHERE in this edition (see Hock Lock Siew column) the recommendation is made that investors' interests would be better served if brokers either supplemented their one-year price targets with three-month and six-month calls, or ceased giving one-year targets altogether. The
      AFP  -  718 words
    • Article
      Lock icon Oil price slumps under US$60; other commodities up
      447 6 COMMODITIES [LONDON] Oil prices plunged under US$6O per barrel in London last week, while other commodities rose as traders tracked recession worries, volatile equities and the demand outlook for raw materials. Oil: Oil prices dived to 17-month lows on global recession fears,
      447 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      860 6 Legends US$; Rmb; HK$; A) As; Pound; Rupiah; Yen; Euro; AA) Baht; RM; Peso; AAA) Rs; NT$; (ad) Capital; (ag) Dividend/Distribition; (ai) To be announced; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (am) First and Final Tax Exempt; (an) First and Final Tax Exempt (One
      860 words
    • Article
      Lock icon Yen falls, other Asian units up versus USS
      334 6 -AFP CURRENCIES [HONG KONG] The Japanese yen weakened against the US dollar after a volatile week on Asian stock markets amid fears that a deep global recession lies ahead. Japanese yen: The yen eased back from 13-year highs against the dollar. It
      -AFP  -  334 words
    • Article
      Lock icon BROKERS' RECOMMENDATIONS
      1721 6 Source: Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Company name Allgreen Proi Ltd 2.58 2.58 12 7.08 5.09 0.88 0.40 ARA Asset Mgt Ltd 2.00 2.00 2 6.70 5.22 1.06 0.33 Armstrong Ind Corp
      1,721 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      61 6 Oct 31 VALUE CLOSE IT OB/OS -815.00+407.0 IT CADI -*****.00+106.0 IT 10-day MA -*****.00 -81.00 TSE ST Mid Cap 344.76 +4.36 TSE ST Small Cap 285.64 +6.32 TSE ST All Share 425.13 +0.02 TSE ST China Top 153.23 +1.75 TSE ST China 156.41 +3.14 OB Catalist 77.81
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    • Article
      Lock icon MOST ACTIVE STOCKS
      61 6 VOLUME Golden Agri 422,064,000 Noble Grp 294,560,000 Cosco Corp 203,770,000 Sing Tel 198,924,000 Gent Intl 134,695,000 China Hongxing 119,473,000 IndoAgri 105,575,000 SembMar 105,214,000 Capita Land 101,188,000 Svnear 97,218,000 VALUE(S) DBS Grp 684,114,388 Sing Tel 466,562,212 UOB 428,125,662 OCBC Bk 344,018,404 Keppel Corp 297,932,966 Capita Land 278,301,998 SGX
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    • Article
      Lock icon RISES
      111 6 CLOSE UP 2350 750.2 27.4 JMH GLD 10US$ 7194 441.8 4.3 JSH 1194 360.3 25.6 China H 10US$ 853 166.0 15.1 iBS Gr| 1102 98.0 9.: UOB 1302 94.0 7.8 Korea 10US$ 243 90.4 33. Venture Con 530 88.0 19. SIA 200 1142 84.0 7.9 Con 448 73.0 19.
      111 words
    • Article
      Lock icon FALLS
      105 6 CLOSE DOWN OCBC Bk4.5%NCPS 100 7366-594.0 -7.5 :MPro| 640-451.2 -78.7 OCBC Bk5.1%NCPS 100 8350-390.0 -4.5 UOB 5.05%NCPS 100 8500-300.0 -3.4 ICBCCai 5.1%NCPS 100 8060-260.0 -3.1 Great Eastern 915-185.0 -16.8 Ro> 188 -52.0 -21.7 STI 2500BNPePW*****7 137 -48.0 -25.9 STI 2350BNPePW*****0 119 -35.0 -22.7 STI 2050 DBePW*****2 69 -32.0 -31.7
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    • Article
      Lock icon CURRENCIES
      88 6 Wh lere S! stain ids Oct 31 CLOSE I CHNG FR Oct 30 YR2008 S$ LOW S$ HIGH uss 1.4812 -0.83 1.5155 1.3457 Euro 1.8897 1.55 2.2064 1.8640 Pounds 2.4000 0.83 2.8431 2.3088 AS 0.9803 1.24 1.3251 0.9068 Yen* 1.5276 -2.19 1.6645 1.2619 Rupiah* 0.***** 2.14 0.***** 0.***** Baht*
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    • Article, Illustration
      Lock icon Analysts' top recommendations portfolio performs best
      1453 8  -  TEH HOOI LING TWO weeks back, we decided to establish six new portfolios, noting that it would be a good time to do so with markets being so depressed. But lo and behold, in the following week, markets around the world endured one of
      1,453 words
    • Article, Illustration
      Lock icon Directors continue heavy buying; funds average down
      1338 8  -  ROBERT HALILI INSIDE MARKETS Stocks with more insider buying include Zagro, Raffles Medical, UIC and UOB-Kay Hian THE sharp rebound in the market last week pared back some of the heavy losses incurred in the past three months, with the Straits Times Index
      1,338 words
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      Lock icon Page 7 Advertisements Column 1
      9 7 Warrants At Your Fingertips. Visit www.merrillinvest.sg/warrants.aspx m I^Mafrill Lynch
      9 words
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      Lock icon Page 7 Advertisements Column 2
      127 7 j^^^^ Toll Integrated Feeder Re. Ltd. is a fully owned subsidiary of Toll Logistics (Asia) Ltd, one of the Asian Region's leading integrated logistics providers. We offer daily feeder services between Singapore and Batam transporting both container and M conventional cargoes. Using dedicated vessels, our Zf zi RORO service is
      127 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Young PAP elects new exco members
      335 9 THE Young PAP (YP) marked a transition yesterday with the unveiling of a new executive committee drawn entirely from the post-Independence generation of leaders. Teo Ser Luck, Member of Parliament (MP) for Pasir Ris-Punggol GRC and Senior Parliamentary Secretary for the Ministry of Community
      FILE PHOTO  -  335 words
    • Article
      Lock icon A long-term financing model for scientific research
      571 9  -  CHEN HUIFEN Oxford professor relates his experiences at A*Star seminar SCIENTISTS who find their projects hindered by a lack of funds may want to take a leaf from Oxford University chemistry professor Stephen Davies. The serial entrepreneur has not only created seven growing
      571 words
    • Article, Illustration
      Lock icon Uzbekistan is MDIS' springboard to Central Asia market
      492 9  -  LEE U-WEN WHY Uzbekistan, of aU places? That question has been put countless times to Dr R Theyvendran ever since the Management Development Institute of Singapore (MDIS) announced earlier this year that it was opening its first overseas campus in the former
      492 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Going green
      2768 10 THIS WEEK'S TOPIC: What does Singapore need to do to become a model city of the future in terms of its use of energy? How can businesses contribute to this goal? Kwek Leng Joo Managing Director City Developments Limited BEING a small dot on the world map, it
      2,768 words
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      232 10 SINGAPORE'S MOST MAGNIFICIENT LUNCH m Prive has introduced what is arguably Singapore's most magnificent lunch; a two course lunch for $32++, a three course lunch at $38++ or the four course magnificent lunch at $68++. Throw in the culinary talents of our Executive Chef Mains are a culinary tour de
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      73 11 ■-.■.■■.7..; Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but shaped by the future. Always looking at opportunities and challenges from a different point of view. Bringing together new partners to achieve results that can make the difference for our clients. Because our
      73 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Smart spending to save your $
      1096 12 Smart spending to save your JASON LOW shares with you some good saving ideas to help you through the current recessionary days CASH is king today, as they say. Of course, there are still things that money can't buy. The recession has hit us, some of us harder than the
      FILE PHOTO  -  1,096 words
    • Article, Illustration
      Lock icon Spying the interactive way
      1142 12 CAMPUS LIFE Two brothers aim to make finding a location very easy with detailed and realistic 3D maps, lAN POH reports AN American tourist arrives in Singapore. He is in town to try local hawker fare, served deep within the most obscure parts of the heartland.
      ARTHUR LEE  -  1,142 words
    • Article
      Lock icon Be smart with your finances
      206 12 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      206 words
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      46 12 cftibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon China, India will reshape world: Murdoch
      526 13 AP Greater competition; rise of new middle class, which will be 3b-strong in 30 years [SYDNEY] Media tycoon Rupert Murdoch says the ongoing metamorphosis of China and India from historic backwaters into economic powers will reshape the world in the next few decades. The
      AP  -  526 words
    • Article
      Lock icon Spain's economy faces serious slowdown
      376 13 Bloomberg [MADRID] Spain's economy shrank for the first time since 1993 in the third quarter, the central bank said here last Friday, raising the possibility that Spain will follow other European countries into recession. The economy contracted 0.2 per cent compared with a 0.1 per
      ■ Bloomberg  -  376 words
    • Article
      Lock icon China's manufacturing down sharply in Oct
      442 13 Reuters Purchasing manager's index hits 44.6, the lowest ever [BEIJING] China's manufacturing sector contracted sharply in October according to an official monthly survey, providing evidence that the global financial crisis has exacted a heavy price on the once roaring Chinese economy. The purchasing managers'
      ■ Reuters  -  442 words
    • Article
      Lock icon Fast rising Swiss franc a challenge for central bank
      327 13 Reuters [ZURICH] The Swiss National Bank is facing the dual challenge of a fast rising Swiss franc and an off-tar-get three-month franc Libor at a time when the financial crisis is clearly hitting the economy, SNB chairman Jean-Pierre Roth said in
      – Reuters  -  327 words
  • Page 13 Advertisements
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      200 13 L v a v k ysl(M- Roland Chanliaud OYSTER-BAR level three Beaune, Burgundy Modern flavours of French cuisine come alive at The Harbour Grill Oyster Bar this November with Chef Roland Chanliaud from Gault Millau award-winning restaurant Le Jardin dcs Remparts. 03 -08 Nov 2008 Bf Set menu prices from
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  • DINING OUT
    • Article, Illustration
      Lock icon A vast menu with unique choices
      680 14  -  Cheah Ui-Hoon NEW RESTAURANT Tomo Izakaya #01-04 Clarke Quay 3A River Valley Road Tel: 6336-0100 GETTING together with friends for a meal is the norm, so what better name to give an izakaya than to preface it with tomo, which means friends. The latest
      680 words
    • Article, Illustration
      Lock icon Truffles take centrestage at Forlino
      497 14  -  Jaime Ec PROMOTION Forlino #02-06 One Fullerton Tel: 6877-6995 IF time and tide wait for no man, then neither do truffles. Financial crisis or no, the white beauties of Alba are sprouting around now, and despite prices averaging $5,000 and upwards a kg, it will
      YEN MENG JIIN  -  497 words
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  • DINING OUT WITH citibank
    • Article, Illustration
      Lock icon Foodie with a taste for the exotic
      917 15  -  JAIME EE POWER Lunch By IF Eva Au ever took part in a Fear Factor or Extreme Food competition, the managing director of IDC Asia-Pacific would win hands down. And the best part is it would be a gourmet dining experience for her,
      YEN MENG JIIN  -  917 words
    • Article, Illustration
      Lock icon Serving up a big dose of creativity
      571 15  -  Audrey Phoon PROMOTION The Harbour Grill Oyster Bar Level 3, Hilton Singapore 581 Orchard Road Tel: 6730-3393 BACK in 1990, when dining in Burgundy was all about rich, country-style cuisine, a young chef opened a restaurant in the town of Beaune that shook
      571 words
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      23 15 Brought to you by citibank QJ9 embank citi L*^ M^ y HsWS-^ Promising the best deals in 1,000 locations CITI Dd II X
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      194 15 Promising you the best deals at over 1,000 locations. Dine-for-Free at our preferred restaurants. Basilico 1 dines free with every 3 buffet lunches ordered The Regent Singapore Tel: 6725 3232 Braise 1 dines free with every 3 paying adults Palawan Road Beach Walk Tel: 6271 1929 Broth 1 dines free
      194 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Bakrie sells Bumi stake to repay debt
      568 16 Reuters Northstar will buy 35% stake in largest Indonesian coal miner for USsl.3b [JAKARTA] Indonesia's Bakrie Brothers Tbk said it would raise US$l.3 billion from the sale of a stake in coal miner Bumi Resources to repay debt, a move that may restore
      Reuters  -  568 words
    • Article, Illustration
      Lock icon Time to take the bull by the horns on the NEP now
      624 16  -  PAULINE NG MALAYSIA INSIGHT Long-overdue tweaking of the policy vital to solve structural problems MALAYSIANS should have a better idea this week how the government plans to battle the impending economic slowdown. Deputy Prime Minister and Finance Minister
      624 words
    • Article
      Lock icon Najib comfortably wins top post in Umno
      244 16 -Reuters [KUALA LUMPUR] Malaysia's deputy premier Najib Razak took the top post in the main ruling party yesterday, virtually assuring his position as the country's next prime minister. Mr Najib won his 134 th nomination for the presidency of the United Malays National
      -Reuters  -  244 words
    • Article
      Lock icon BURSA MALAYSIA
      2228 16 let 31 RM Cooo] A& M Realty 0.29 AbricBhd 0.13 advance Synergy 0.07 Adventa Bhd 0.82 \e Multi Hldgs 0.14 Affin Holdings 1.22 Ahmad Zaki Resou....0.41 AicCorp 0.50 Airasia Bhd 1.13 Akn Technology 0.25 alliance Financi 1.82 aluminium Co 0.85 Amalgamated Ind ....0.32 Vnmb Hldgs Bhd ....2.14 Vntel
      2,228 words
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  • Page 17 Advertisements
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      4171 17 I HLBank I (A limited liability company incorporated in Malaysia) Tlie Group The Bank 5 Commitments and contingencies 2008 2007 2008 2007 RM'OOO RM'OOO RM'OOO RM'OOO In the normal course of business, the Group makes various commitments and incurs certain contingent liabilities with legal Cash flows fram inveetina aetivitiee recourse
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  • GREATER CHINA
    • Article
      Lock icon Ma stands firm on Taiwan sovereignty
      396 18 AFP, AP He denies DPP accusations of selling out to Beijing [TAIPEI] Taiwan's President Ma Ying-jeou pledged not to "budge an inch" on the island's sovereignty dispute with China, on the eve of historic talks with Beijing, it was reported yesterday. Mr Ma also
      AFP, AP  -  396 words
    • Article, Illustration
      Lock icon Growth is top priority for Beijing: Wen
      536 18 Reuters, Xinhua Balancing inflation and growth not easy amid global crisis, warns premier [BEIJING] Maintaining strong and stable economic growth despite global turmoil is China's main priority, Premier Wen Jiabao has written, warning of growing domestic risks from a worldwide economic downturn. Mr
      – Reuters, Xinhua; AP  -  536 words
    • Article
      Lock icon China vows to wipe out tainted animal feed practice
      269 18 Reuters, Xinhua [BEIJING] China has vowed to wipe out the "dark" trade of adding the chemical melamine to animal feed, with at least one industry expert claiming fake feed is an established trade in parts of the country's rural heartlands. The
      ■ Reuters, Xinhua  -  269 words
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      1477 18 s^^ MATS X^l^^^ -I. I V^, t -t I ii)l Toll free: 1800-289-8822* Email: notices@sph.com.sg •www.cats.com.sg I SINGAPURA FINANCE LTD A~~ AND ITS SUBSIDIARIES (Incorporated in the Republic of Singapore) SlNir API IRA FIMAMrF^ Company Registration Number: *****0340N Jii"«vi«ruiv\ minminvjC Financial Statements for the Year Ended 30 June 2008 Board
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      346 18 A MAIS In the matter of the companies ACT, CAP. 50 UNITED OVERSEAS BANK LIMITED AND Company Registration No. *****0026Z In the matter of (Incorporated in the Republic of Singapore) SCOTCHBROOK ASSOCIATES INTERNATIONAL (S) PTE LTD LOST SHARE CERTIFICATES (IN MEMBERS^VOLUNTARY Not|ce jg hereby g|ven (hat he fo owing share
      346 words
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  • INDIA
    • Article
      Lock icon Surprise RBI move to boost growth, liquidity
      525 19 AFP, Reuters It cuts key rate and banks' reserve ratios to counter fallout of global financial crisis [MUMBAI] India's central bank unexpectedly cut its key lending rate for the second time in two weeks on Saturday and took other steps to spur growth
      – AFP, Reuters  -  525 words
    • Article
      Lock icon Tata Motors reconsiders fund-raising plan
      354 19 Reuters, AP [MUMBAI] Tata Motors Ltd, India's top vehicle maker, is rethinking a US$6OO million overseas fund-raising plan due to falling markets and is also reviewing its expansion plans due to softening demand, officials said on Friday. The company, which is set to roll out
      – Reuters, AP  -  354 words
    • Article, Illustration
      Lock icon Bharti profit up 27%, Reliance 17%
      450 19 -Reuters, AFP [NEW DELHI] Leading Indian mobile operator Bharti Airtel posted a smaller-than-expected 27 per cent rise in profit as sharp forex losses weighed, but No 2 Reliance Communications beat forecasts after higher treasury income. Bharti and Reliance, which both failed to reach a
      -Reuters, AFP; BLOOMBERG FILE PHOTO  -  450 words
  • Page 19 Advertisements
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      125 19 ForXBRL or other accounting-related r assistance, call 6-222 6868 now ACCOlintberVe for the Accounting Specialists www.Accountserve.com.sg I I r- 1 ,^readit *^il dick it i~~~H Straits Times I A &D£ vwvw.straitstimes.iiDm fe^ a J watch t it *^^Li i ill (tS ill ft tiftYt tif yy^l \ifa, Get closer to
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Top ÜBS execs won't get 2008 bonuses
      462 20 -Bloomberg Bank may also allow former executives to voluntarily repay part of their payouts [ZURICH] ÜBS AG, the European bank with the highest losses from the US subprime crisis, said its top executives won't get any bonus payments for 2008. The 12 members
      -Bloomberg  -  462 words
    • Article, Illustration
      Lock icon Germany plans 50b-euro boost to economy
      304 20 Bloomberg [FRANKFURT] The German government plans a two-year programme of investments and incentives to provide a 50 billion euro (Ss94 billion) boost to the economy, wracked by a freeze in global credit markets. "Measures to safeguard companies' financing and liquidity are provided by funding
      Bloomberg; REUTERS  -  304 words
    • Article
      Lock icon Seoul reports US$1.2b Oct trade surplus
      338 20 ■AFP [SEOUL] South Korea, Asia's fourth largest economy, has reported a trade surplus in October the first in five months thanks to brisk exports and falling global oil prices. The Ministry of Knowledge Economy said in a report yesterday that the country's trade account,
      ■AFP  -  338 words
    • Article, Illustration
      Lock icon Opec's president urges members to cut output
      414 20 Reuters [ALGIERS] Members of the Organisation of Petroleum Exporting Countries (Opec) have no choice but to implement agreed output cuts and inform customers of the reductions if they want a stable oil price between US$7O-US$9O a barrel, Opec president Chakib Khelil said yesterday.
      – Reuters; BLOOMBERG  -  414 words
    • Article
      Lock icon S Korea, China and Japan to hold summit in Fukuoka
      250 20 -AFP [SEOUL] The leaders of South Korea, China and Japan will hold a summit in the Japanese city of Fukuoka in December to discuss closer cooperation amid the global financial crisis, a news report said yesterday. Seoul's Yonhap news agency,
      -AFP  -  250 words
  • Page 20 Advertisements
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      46 20 Lianhe Zaobao I TUNE IN TO I Measures to prop up MABOON property market BIGGEST HITS EKSI OF THE. 90S SSP*TTTrfffl CHRIS BROW lllllllMrf^Kii till Nowi 11l inSGwcn I if n hrsr H H otnobo 3i oLUvlmu ONLY ON RADSO 100% PURE FUN i hi Hi <
      46 words
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  • GLOBAL FINANCIAL CRISIS
    • Article, Illustration
      Lock icon British PM urges Gulf states, China to contribute to IMF
      868 21 Reuters 'Their interest is in a stable energy price, not in the massive volatility we have seen where oil prices have shot up and then come down again. Their interest too, is in a well-functioning global economy/ British Prime Minister
      Reuters  -  868 words
    • Article, Illustration
      Lock icon 'Senseless' to limit bankers' pay, says Roth
      337 21 AFP [ZURICH] Switzerland's top central banker says that a mounting call to limit bankers' pay is "senseless", as such action could spark an outflow of talent from the sector here. "If the state starts to define salaries, that would be counterproductive. To say
      AFP; AP  -  337 words
    • Article
      Lock icon Hedge funds take beating in global turmoil
      693 21 AFP [HONG KONG] The aura of invincibility around hedge funds, the investment pools for the super-wealthy, has been eroded by the global financial crisis, and the fallout has helped fuel ongoing market chaos. Analysts say the industry often maligned for its secrecy and
      AFP  -  693 words
    • Article
      Lock icon US govt funding to weaker banks upsets lawmakers
      629 21 -NYT [WASHINGTON] As the US government makes taxpayer funds available to banks weakened by the financial crisis, the criteria being used to choose who gets money appears to be setting the stage for consolidation in the industry by favouring those most likely
      -NYT  -  629 words
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      1714 21 IN THE MATTER OF IN THE MATTER OF SECTION 291 OF THE COMPANIES ACT, CAP. SO THE COMPANIES ACT [CAP. 50) AND AND IN THE MATTER OF IN THE MATTER OF SAPMARKETS ASIA PACIFIC M O G INTERNATIONAL PTE LTD SOLUTIONS PTE LTD N PROVISIONAL LIQUIDATION) (IN MEMBERS' VOLUNTARY Co
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  • FOCUS: US ELECTIONS
    • Article, Illustration
      Lock icon Rivals in last-ditch vote drive
      841 22 AFP, Reuters, Bloomberg 'We're a few points down but we're coming back. I'm not afraid of the fight, I'm ready for it and you're going to fight with me.' John McCain to supporters in Virginia 'If you give me your vote on Tuesday, we won't
      AFP, Reuters, Bloomberg; Graphic adapted from AFP  -  841 words
    • Article
      Lock icon Trade is what separates the two on Asia
      478 22 Reuters ANALYSIS They have opposing views on Korea FTA, China exchange rate [WASHINGTON] Presidential hopefuls Barack Obama and John McCain agree much more than they disagree on diplomatic and security challenges in Asia, but differ sharply on trade with the region. Policy
      Reuters  -  478 words
    • Article, Illustration
      Lock icon Obama on brink of realising his 'improbable quest'
      651 22 [WASHINGTON] After a gruelling, hard-fought rollercoaster 21 months, Barack Obama stands on the brink of realising his improbable quest and making history by becoming the first black president of the United States of America. On Feb 10, 2007, the lit-tle-known Illinois senator
      AP  -  651 words
    • Article, Illustration
      Lock icon McCain's not one to give up a fight
      733 22 AFP, AP [CHICAGO] John McCain is a man shaped by war. And he is a man who refuses to admit defeat. Not in politics, when the polls predict an end to his White House ambitions. Not in Iraq, even when the surge
      ■ AFP, AP; AP  -  733 words
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  • SHIPPING/AVIATION
    • Article
      Lock icon Egypt planning S$8.1b expansion of Port Said
      424 23 Bloomberg New transport hub will handle more than 15m containers a year by 2015 [CAIRO] Egypt unveiled a plan to expand the Suez Canal's Port Said into a maritime transport hub, with potential investment of more than 30 billion Egyptian pounds (SsB.l billion).
      – Bloomberg  -  424 words
    • Article
      Lock icon ST Marine clinches Bluestone Offshore's conversion contract
      324 23  -  VINCENT WEE Platform supply ship to be retrofitted as geotechnical survey vessel at Benoi yard By SIGNALLING that there continues to be work in all segments of the offshore and marine sector, ST Engineering's marine unit, ST Marine, tied up a $3 million
      324 words
    • Article
      Lock icon AIRCARAFT ARRIVALS AND DEPARTURES
      2508 23 AIRLINE CODES: AA: Am s (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAVv Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA
      2,508 words
    • Article
      Lock icon Lufthansa ahead in race for mergers
      216 23 Reuters [FRANKFURT] European airlines took another step down the consolidation path last week and Deutsche Lufthansa seems to be leading the pack. The German flag carrier made a move on Britain's bmi and gained headway in the bidding for Austrian Airlines. The number of
      – Reuters  -  216 words
    • Article, Illustration
      Lock icon Berlin's historic airport closed despite protests
      537 23 NYT [BERLIN] Berliners turned out last Thursday to say their goodbyes to historic Tempelhof Airport, to share a few memories and to protest against its closing one last time. Two vintage aeroplanes, a DC-3 and a Junkers Ju-52, took off shortly before midnight as
      NYT; REUTERS  -  537 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        109 23 '000 Oct31 Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.22 0.22 0.78 0.35
        109 words
      • Article
        Lock icon KLSE
        37 23 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.58 8.50 8.15 2.35 2.68 0.06 unch 0.01 0.20 0.20 0.04 0.38 unch unch 13 634 747 599 5 186 0
        37 words
      • Article
        Lock icon BANGKOK
        15 23 ■oo Oct 31 Vol Precious Ship Regional Cont .7.70 .5.15 0.60 ***** -0.45 6092
        15 words
      • Article
        Lock icon HONGKONG
        14 23 '000 Oct31 HK$ Vol Ooil Singamas Cont 13.50 0.78 0.20 0.08 1491 2172
        14 words
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        Lock icon PHILIPPINES
        25 23 '000 Oct31 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.50 14.25 unch unch 0.20 1.75 unch unch 1564 2422 0 0
        25 words
      • Article
        Lock icon TAIPEI
        26 23 Oct31 NT! Vol Evergreen Marine ....16.95 First Steamship 27.45 Wan Hai Lines 13.90 Yang Ming Marine ....9.11 1.10 1.75 0.90 0.59 14 10 3 21
        26 words
      • Article
        Lock icon TOKYO
        43 23 '000 'en Kawasaki Hvy Ind ..175.00 7.00 ***** Kawasaki Kisen 378.00 -45.00 ***** Mitsubishi Hvy 310.00 -48.00 ***** Mitsui Eng&Sbldg ..134.00 -12.00 ***** Mitsui Osk Lines ....495.00 -31.00 ***** Nippon Express 390.00 -38.00 6756 Nippon Yusen 466.00 -49.00 ***** Source: Thomson Reuters
        43 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      211 23 CRYPTIC CROSSWORD across n r I I R I [5 H* I [7 take part (b) H 22 Bank offers to set down reports (7,8) 23 Shock at almost being bitten <4> 7 The church welcomes lists YESTERDAY'S SOLUTION 24 Fashions in first of modern to ourae (7) Qm c
      211 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9228 24 Week ended: Oct 31 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 14 3 3148 STelecom 19 3 5834 A-Sonic 110 100 6389 ABF SG Rind FTF 21 6 1938 AEI Corp 16 1.5 1100 AEM 34 7 2101 APOil 141 26.5 5550
      9,228 words
    • Article
      Lock icon SGX CATALIST
      634 25 52-wks Tel lh Low Code Coi Last Sale Vol Week Last Quote Div GrYld Net COOO) Hiqh Low Buyer Seller C'vr P/E MCap $mil Hii 20 11.5 1181 s AAGrp 30.5 15 5000 s ABP. Hldgs 12 16.5 8538 s APStrategic 6 1 1501 s Advanced System 38
      634 words
    • Article
      Lock icon SGX XTRANET
      759 25 52-Wk Tel h Low Code Last Sale Vol COOO) Week lh Low Last Quote Buyer Seller Div GrYld Net MCap Cvr P/E $mil _Hm Com _H|< ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 392.1
      759 words
    • Article
      Lock icon CLOB INTERNATIONAL
      826 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      826 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      123 25 Stock name Close Change Cai .and 2.850 Cai lall 1.900 +0.080 Cit' 6.300 -0.350 Cosco Cor| 0.775 +0.020 DBS Gr| 11.020 -0.480 FSN 2.730 -0.110 Gent Intl 0.360 -0.015 Golden At iri 0.190 +0.010 HKLand 2.660 +0.190 JMH 23.500 +1.080 tocl name lose lange JSH 11.940
      123 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      102 25 Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 10 1 OOO 7 10 1 Manufacturing 89 85 55 13 13 98 98 68 Commerce 31 35 15 36 43 20 >r/G ms 24 14 26 15 Finance 22 20 22 20 Construction 11
      102 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 25 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 172.478 172.478 428.793 428,793 Manufacturing 1.397.968 148.722 1.546.690 779,526 5,348 784,874 Commerce 658, ,181 46.186 704.367 454.333 5.788 460.121 ]t/Stor/Comms 804,560 4.016 808.576 1.164.198 711 1.164.909 Finance 280.928 280.928 1.815.705 1.815.705 Construction 75.334 36.306 111.640 6.933 699 7.632 Proi
      117 words
    • Article
      Lock icon STOCKS ASIA
      2828 25 Transaction date: Oct3l For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■ooo HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific !ank Of E Asia Jeida Jade Bird Jeijing Airport
      2,828 words
  • Page 24 Advertisements
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      21 24 7m In Association With /IUDEMARSJ'IGUET r--\T^' Le mattre de Vhorlogerie depuis 1875 O A /^P^^^" >- < *v I www.audemarspiguet.com 4B g^JNSfel^ vt.?t>'"
      21 words
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  • Page 25 Advertisements
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      33 25 I Insiders'trades. Brokers'recommendations. Dividend table. TUC Dl ICIMECC TllV/IEC I The pages also cover transactions by directors and substantial I Fit DU3IIMC33 I lIVIL3 I shareholders. In other words, news you can use.
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      377 26 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct 31 World Index Preliminan 713.4 0.5 -37.0 0.7 -38.2 0.0 -40.1 EAFE Prel liminai 675.5 0.6 -39.7 0.1 -43.3 -0.5 -45.0 Euro[ Preliminan 954.0
      377 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      128 26 As at 9am Oct3l Singapore dollars to one unit if foreign currency: Currencies Bid Offer Uist dollar 0.9720 1.0130 dollar 1.2140 1.2290 luro 1.8830 1.9050 IZ dollar 0.8600 0.8780 iterlini ind 2.4030 2.4300 )S dollar 1.4690 1.4860 .ocal dollars to 100 units rf foreign currency: Currencies
      128 words
    • Article
      Lock icon INTERBANK RATES
      174 26 Oct3l fer Overnight 1/16 1-month 1 1/8 2-months 1 3/16 3-months 1 1/4 Overnight mode: 9/16 US$ Offer 1/32 7/8 15/16 1 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 2.00 3.50 4.00 4.00 4.00 4.00 4.00 Offer 1.00 2.50
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    • Article
      Lock icon STOCK INDEX FUTURES
      21 26 Oct3l STI IIMSCI Nov 215.5 220.2 216.6 "aiwan Nov 175.9 189.2 186.7 Source: MF Global (S) He. Ltd
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Oct3l Bid Offer 1-month 1.4803 1.4820 2 months 1.4780 1.4798 3 months 1.4750 1.4773 6-months 1.4680 1.4703 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      177 26 Oct3l RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Nov 08 183.0 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 185.0 179.0 185.0 183.0 182.0 184.0 184.2 184.5 187.0 41 60 124 360 285 618 625 589
      177 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 26 Oct3l Period Issue code Maturity Yesterday's Bid Day's |h Low Hi, 3-Month BQ*****W 29.01.09 1-Year BY*****V 02.11.09 0.87 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 26 Oct3l SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 925.25 934.00 930.00 910.00 Jan 09 933.00 943.00 939.00 918.00 Mar 09 945.25 955.00 950.00 931.00 May 09 956.75 965.75 960.00 943.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 33.60 34.48 34.20 33.50 Jan
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 26 CRUDE OIL PRODUCTS Oct3o CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 61.98 -3.61 WTI (Near Mth) 65.18 -2.94 Dubai (1-Mth F) 61.39 2.73 Tapis blend 69.75 2.85 Minas 68.50 2.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 36.10 80.80 1.50 4.00 US$/barrel Opec Oil Basket
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 26 Oct3l AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.810 4.515 0.519 5.116 32.631 72.924 0.641 8.507 2.348 1.142 53.835 32.252 0.979 6.692 0.761 21.767 23.121 0.408 0.660 Canada 1.234 5.572 0.641 6.314 40.274 90.006
      462 words
    • Article
      Lock icon SIBOR
      78 26 Oct3l (USS) (S$) 2.***** 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$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 26 Oct3l Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9780 0.9796 0.6597 0.6602 Canadian dollar 1.2072 1.2089 0.8143 0.8147 Euro 1.8841 1.8862 1.2709 1.2712 NZ dollar 0.8566 0.8579 0.5778 0.5782 Sterling 2.3984 2.4015 1.6178 1.618! US dollar
      156 words
    • Article
      Lock icon I PRECIOUS METALS
      141 26 Oct3l (US! f/oz) Oct 31 Oct 30 Hong Kong London 727.60 771.70 728.60 772.70 Oct 30 Oct 31 738.30 727.30 740.80 729.80 Source: Thomson Reuters CAST BAR (SS) Oct 31 Buying Sellini Kilobar "37,749.60" ***** PAMP GOLD BARS (SS) Sellinq Buying Igm 5gm lOgm 20gm 50gm lOOgrn
      141 words
    • Article
      Lock icon LONDON METALS
      69 26 Oct 31 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1989.00 2007.80 3 months 2040.00 2060.00 Copper, Grade A (USS/tonne) Cash 3 months 4101.00 4099.00 4194.00 4200.00 Lead (USS/tonne) Cash 1500.00 3 months 1508.00 1512.00 1520.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      70 26 Oct3l COCOA (£/tonne) Close Prev Hii ih/Low Dec 08 1322 1326 1347/1312 Mar 09 1331 1341 1355/1327 May 09 1341 1351 1363/1339 JulO9 1351 1361 1372/1350 COFFEE (US$/tonne) Close Pev High/Low Nov08 1548 1557 1566/1526 Jan 09 1603 1610 1626/1581 SUGAR (US tonne) White Close Prev High/Low Dec 08
      70 words
    • Article
      Lock icon PALM OIL
      62 26 Oct3l ICE PALM FUTURES (RM/MT) lelivery Opening Sett Av lonth Range Price Price Hi Vol Open Done Position Low \Jov08 1535 }ecO8 1510 Ian 09 1500 :eb09 1503 FotaI o/p: ***** contracts 1560 1582 1531 1510 1538 1499 1515 1539 1491 1515 1540 1498 Turnover: ***** lots Market
      62 words
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      Lock icon SGX DERIVATIVES TRADING
      303 26 Oct3l OPEN HIGH LOW SETT VOL OP/INT URODOLLAR FUTURES DecO8 VlarO9 unO9 iepO9 97.7800 97.9300 97.7800 97.5850 7161 ***** 4404 3848 EUROYEN TIBOR FUTURES DecO8 99.315 99.320 VlarO9 99.395 99.415 unO9 99.420 99.420 >epO9 99.420 99.420 DecO9 99.355 99.360 VlariO un10 >ep10 99.315 99.395 99.420 99.420 99.355
      303 words
    • Article
      Lock icon BONDS & WARRANTS
      3051 26 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 2058 Advance Modules Grp W*****3 2036 Advance SCT Ltd W*****9 9092 Asia Environment W*****4 4481 Asia Water Tech Ltd W*****0 3816 #Asiasons Capital Ltd WO***** 8756 Asiatic Grp (H)
      3,051 words
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      3359 29 WmM HBH B II 118 A^^igj^ zosh^w, #2 ,-ZSS;S If& GLORY NAVIGATION GBOUpi NHHI HH NORTH WEST EXPRESS LINE «&4*_*»U*ls»^'*l MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS [lilts aBI aHIVaL Halts SINCE 1970 VESSEL VOY Singapore Merak Christmas Island Fremantle Cotos Island Christmas Island Pasir Gudang OWNS OPERATES THE YOUNGEST
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  • BizlT
    • Article, Illustration
      Lock icon Security tech: great strides made by S'pore, says PwC
      868 31  -  AMIT ROY CHOUDHURY Companies here better prepared against IT threats, survey shows SINGAPORE companies have made significant strides in deploying security technology to counter IT threats, a survey has found. Seventy-nine per cent of them have installed application firewalls versus the
      868 words
    • Article, Illustration
      Lock icon Qualcomm adds test centre to S'pore ops
      399 31  -  WINSTON CHAI QUALCOMM has doubled its local workforce with the opening of a new facility to provide round-the-clock testing of its cellular chipsets. The Singapore centre is the firm's flagship test operation outside its home base in San Diego and will be responsible
      399 words
    • <what's up>
      • Article
        Lock icon SiTF joins in on digital media push
        104 31 BUDDING digital media artists and animators can get more help to take their bright sparks to life under a new mentorship scheme from the SiTF (Singapore Infocomm Technology Federation) and the IDM Research and Development Programme Office (IDMPO). Targeted at individuals and start-ups,
        104 words
      • Article
        Lock icon Tata spearheads new security consortium
        113 31 INDIAN IT services major Tata Communications has formed a new Security Compliance Consortium with the aim of making it easier for banks to meet more stringent guidelines from the Monetary Authority of Singapore (MAS). The MAS had released a set of best practices in June
        113 words
      • Article
        Lock icon S'pore team tops XBox game contest
        102 31 TEAM Singapore has sealed another victory this time in the virtual arena. Team Gambit, a group of game developers led by National University of Singapore undergraduate Bruce Chia, has emerged tops in Dream-Build-Play 2008, a XBox 360 game development contest organised by software giant
        102 words
      • Article
        Lock icon Cisco puts spotlight on home networks
        80 31 CONSUMERS who are either extremely pleased or frustrated with their home networks can heap praise or air their grouses through a new contest organised by Cisco Systems. Dubbed Digital Cribs: Heaven or Hell, participants will have to submit videos illustrating why their home networks
        80 words
      • Article
        Lock icon Yahoo raises hammer again on e-auctions
        85 31 YAHOO is dipping its toes into online auctions once again with the trial of its new Gmarket platform. Launched in partnership with an online auctions provider of the same name, the new Yahoo service allows users to list items for free during the test
        85 words
    • Article
      Lock icon Gadgets still a draw despite tight budgets
      789 31 Reuters US shoppers may cut a holiday trip to spend on electronics [NEW YORK] US shoppers who crave electronics goodies, but are increasingly short on cash, may sacrifice a gym membership or movie popcorn just to get a new gadget like the "Google
      – Reuters  -  789 words
    • Article, Illustration
      Lock icon Green gadgets for eco-aware shoppers
      417 31 -Reuters [LONDON] Gadget makers showed off their green credentials at a technology show in London last Friday to try to tempt consumers worried about soaring fuel bills, climate change and the financial crisis. Amid the usual array of power-hungry televisions, stereos and computers, a handful
      -Reuters; REUTERS  -  417 words
    • Article, Illustration
      Lock icon IDA appoints second assistant chief executive
      188 31  -  ONG BOON KIAT THE Infocomm Development Authority of Singapore (IDA) has named former NTUC Income chief information officer James Kang as a second assistant chief executive. With the tag "government chief information office" in his job title, the industry veteran will oversee the iGov
      188 words
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  • Article, Illustration
    Lock icon 90% S'pore broadband adoption
    802 32 THE BUSINESS OF INFOCOMM TECHNOLOGY Republic poised to be Asia's most connected city if growth in broadband penetration continues, reports WINSTON CHAI SINGAPORE has hit its 90 per cent broadband adoption target a good seven years ahead of schedule and the country looks set to displace
    : IDA, 2008  -  802 words
  • <what's new>
    • Article, Illustration
      Lock icon Sony Ericsson debuts Windows-based phone
      115 32 SONY Ericsson is set to launch the Xperia XI [above), the flag bearer for its new line of smart phones to be based on the Windows Mobile 6.1 operating system. The handset sports a large 3-inch WVGA touch screen and a slide-out QWERTY keyboard for
      115 words
    • Article
      Lock icon New entry-level server from Fujitsu and Sun
      96 32 FUJITSU and Sun Microsystems have added the M3OOO to their line-up of servers based on the Spare processor. The M3OOO is powered by Sun's SPARC64 VII quad-core processor and Solaris 10 operating system. Despite being bandied as an entry-level server, it still promises
      96 words
    • Article
      Lock icon SonicWall launches new anti-spam tool
      107 32 SECURITY specialist Sonic Wall is taking the fight to spammers with the launch of Email Security 7.0. The new anti-spam tool comes with a slew of new functions to weed out the problem of unsolicited messages. Once installed, a new "junk" button will be added
      107 words
    • Article, Illustration
      Lock icon Nokia changes it up with new smart phone
      97 32 NOKIA is hoping to add more colour to its cell phone portfolio with the launch of the new N79 smart phone (below). Besides being a connectivity powerhouse by supporting HSPA (high speed packet access), satellite navigation and Wi-Fi, it also appeals to
      97 words
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      119 32 WSr WH V^. SII|"SUIIG i W^ |i l^^l I I Jib Authorised Resellers: Advantech Peripherals (S) Pte Ltd 6488 7170 Anro Asia Pte Ltd 6223 0989 Apac System Pte Ltd 6745 2212 Bescom Computer Systems Pte Ltd 6272 0808 Datacom Enterprises Pte Ltd 6844 4272 Ideal Technology (S) Pte Ltd
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  • Page 32 Miscellaneous