The Business Times, 5 November 2008

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Microfilm: NL29538
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES ssi .00 online at http://www.businesstimes.com.sg «v a Singapore press holdings publication coregnnoi9B4o2B6Be mica(p)l97/08/2008 Wednesday, November 5,2008
    19 words
  • Article, Illustration
    Lock icon Obama holds on to edge but McCain soldiers on
    625 1 -AP In the earliest results, two small towns go for Obama [WASHINGTON] Democrat Barack Obama appeared close to victory in his historic bid to become the first black US president yesterday, while an undaunted Republican John McCain battled to win an
    -AP; AFP  -  625 words
  • Article
    Lock icon M'sia pads up Budget as chill wind blows
    712 1  -  S JAYASANKARAN Najib announces RM7b stimulus package, revises growth, deficit estimates MALAYSIAN Deputy Prime Minister Najib Razak presented an essentially revised Budget 2009 before Parliament yesterday that included an additional RM7 biUion (552.9 billion) stimulus package as a "policy response" against the
    712 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      45 1 uesi iam ICOMP 905.58 +6.23 IIKKEI225 9,114.60 +537.62 IANG SENG 14,384.34 +39.97 ;et INDEX 457.62 +8.43 JAKARTA COM P 1,369.79 +17.07 IANILACOMP 2,003.04 -22.54 ;eou.comp 1,153.35 +24.27 IHENZHEN B 223.22 -2.04 IUMBAI IND 10,631.12 +293.44 11AM EDT Cham )OW 9,605.77 +285.94 IASDAQ 1,775.32 +48.99
      45 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 16.725 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 4.50 US 4.00 CANADA 4.00 SWITZERLAND 2.52 INDIA 13.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      46 1 IS$ (S$ ier US$) 1.480 (US$/S$ per 1.569 2.321 ;UR0 (US$/S$/E) 1.262 1.867 Foreii in currenci ier US$ S$ 'EN 99.00 66.90 3.532 2.387 IK$ 7.750 5.238 !AHT 34.98 23.64 lUPIAH 10,925 7,384 lENMINBI 6.837 4.621 INDIAN RUPEE 48.38 32.70 1.499 1.013 IZ$ 1.697 1.147
      46 words
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      74 1 8 *****1 *****4 I 1 fl /'f 1 fl &9 J x ■BT^^j SL=^ V ?S^ Developer: Kimmingston Pte Ltd Company Registration No: *****2412 C Developers License N0.:C0439 Expected Date of Delivery of Vacant Possession: June 2012 Expected Date of Legal Completion: June I 2015 Tenure of Land: Estate In
      74 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      52 1 CORPORATE RESULTS PROFIT WARNING HBHW AGM WATCH TRANSPORT HUB Sembcorp Marine: iPhone subsidies to bite IESIII E3 CEO, chairman Long-term planning Q3 earnings up 73% into Sing Tel Q2 income KlXfll re-elected is the key PAGE 6 PAGE 2 Imßsl H PAGE 12 PAGE 27 PAGE 37 >'***4f :fIR, ,/^SSmmk
      52 words
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  • TOP STORIES
    • Article
      Lock icon iPhone subsidies bite a chunk off SingTel Q2 income
      581 2  -  WINSTON CHAI Telco confident that move to tie in customers will pay off over time [SINGAPORE] Singapore Telecommunications (SingTel) has warned that its second-quarter profits will be dragged down by the heavy cost of subsidising Apple's iPhone 3G and lower contributions
      581 words
    • Article
      Lock icon UBS breaks losing streak with Q3 profit
      720 2 Reuters, AP, Bloomberg Earnings hit 296 m francs; bank doing better in Asia Pacific [ZURICH] ÜBS posted a net profit of 296 million Swiss francs (***** million) for the third quarter yesterday its first after four consecutive quarterly losses. It predicted customers would
      – Reuters, AP, Bloomberg  -  720 words
    • Article, Illustration
      Lock icon MM Lee ponders nuclear energy option
      657 2  -  LEE U-WEN But Singapore's small size stands in the way, he says [SINGAPORE] Could nuclear energy be the solution to Singapore's search for a viable source of alternative energy in the long term? Minister Mentor Lee Kuan Yew said as much yesterday when he
      AP  -  657 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon M'sia pads up Budget as chill wind blows
        45 2 MALAYSIAN Deputy Prime Minister Najib Razak presented an essentially revised Budget 2009 before Parliament yesterday that included a RM7 billion stimulus package as a "policy response" against the spill-over effects of the global financial crisis. FRONT PAGE
        45 words
      • Article
        Lock icon iPhone subsidies bite a chunk off SingTel Q2 income
        66 2 SINGAPORE Telecommunications has warned that its second-quarter profits will be dragged down by the heavy cost of subsidising Apple's iPhone 3G and lower contributions from its overseas units. In a statement yesterday, the operator said hefty iPhone subsidies could take a
        66 words
      • Article
        Lock icon Buffers to come in handy in rocky job market
        68 2 AS the financial crisis spills over into the real economy, it comes as no surprise that economists, as well as the Monetary Authority of Singapore, expect the jobless rate to rise from the 2.2 per cent seen in the third quarter.
        68 words
      • Article
        Lock icon Sembcorp Marine Q3 earnings surge 73%
        48 2 RIG builder Sembcorp Marine continued to grow strongly in the third quarter with a 73 per cent rise in earnings to $140.9 million but turnover fell slightly to $1.14 billion from $1.17 billion in the previous corresponding quarter. COMPANY NEWS, PAGE 6
        48 words
      • Article
        Lock icon Five SGX-listed ETFs take off today
        60 2 FIVE exchange-traded funds start trading on the Singapore Exchange today, taking the number here to 24 and putting the exchange on par with its Hong Kong counterpart. The latest ETFs are based on the MSCI Asia Apex 50, the MSCI Thailand, MSCI Malaysia, MSCI
        60 words
      • Article
        Lock icon Top 100 firms made $173b overseas sales last year
        59 2 THE overseas revenues of Singapore's top 100 globalised companies jumped 20.4 per cent last year to hit $173 billion, from $144.5 billion the year before. Seventy-eight of the companies in the top 100 ranking were repeat awardees, said International Enterprise Singapore,
        59 words
      • Article
        Lock icon Australia slashes rate by 75 basis points
        40 2 AUSTRALIA'S central bank cut its benchmark interest rate yesterday by a bigger-than-expected three-quarters of a percentage point as the global financial meltdown threatens to drag the country into recession. ECONOMY WATCH, PAGE 18
        40 words
      • Article
        Lock icon Taiwan, China sign pacts for direct shipping, flights
        60 2 TAIWAN and China set aside decades of hostilities yesterday and agreed to drastically expand flights and allow shipping links across the Taiwan Strait. Officials signed four agreements that are potentially worth billions of dollars, after talks that marked a significant warming of
        60 words
    • Article, Illustration
      Lock icon Buffers to come in handy in rocky job market
      830 4  -  LYNETTE KHOO Flexible wage system may soften blow; some sectors to stay buoyant [SINGAPORE] As the financial crisis spills over into the real economy, it comes as no surprise that economists, as well as the Monetary Authority of Singapore (MAS), expect
      JOSEPH NAIR  -  830 words
    • Article
      Lock icon Purchasing index hits 7-year low
      337 4  -  TEH SHI NING EYE ON THE [SINGAPORE] Singapore's manufacturing sector contracted further in October. Last month's purchasing managers' index (PMI) slid for a third straight month to its lowest level in more than seven years. Pessimism has spread to the electronics sub-in-dex too, which sank
      337 words
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      226 2 In Singapore for the first time, our two-year distinctive MBA programme will help high-performing managers develop into leaders who are confident, knowledgeable, critical and responsible in facing the challenges of an increasingly complex international world of business. THE LANCASTER MBA PROGRAMME You will be part of a diverse class drawn
      226 words
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      53 words
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      45 4 COCOON urßan Homme™ Face and Body Studio For Men —-afi^~ l -j-j-Tt r*?"—' ■■■■^^Mm "—^^s I^B^W**™ -Mr" j^^i^ i^faß J^EJ^' ;^BB^: 5S -i^i HSilli; —t' ffj^MJtmji[JX'r THM 1 tJ f r-=^* 9P in 111 i W m« i^— jZ =JS;J Proud sponsor of /BMCy rS
      45 words
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      270 4 Financial Training tJ^^B Academy IJ!.SsV"'j!Kfl BEATING THE STRAITS pill! TIMES INDEX 4* 1 Only 1 Day in Singapore 24 th Nov 2008 flfc No more relying on expert advice or pure instinct, in today's volatile stock market, it is important to be I equip with the knowledge determine the optimal
      270 words
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      188 5 Homes in Australia, Canada, Hong Kong r Malaysia and the UK now have one thing in common. They can all be connected through one bank in Singapore. Perhaps it's time you had a Gold Conversation. Discover Citibank's latest innovation, Global Home Equity a wealth management solution that integrates your global
      188 words
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      229 6 MILLJS i SWISS MADE SINCE 1919 NOW AVAILABLE AT JEWELLERY TIME 2008 HIGHLY PERSONAL HERIOS TRIRETROGRADE JOAILLERIE The HERIOS TRIRETROGRADE Seconds Skeleton Joaillerie is symbolic of playful change, endless energy and artistic craftsmanship. It fascinates with the magical dance of its seconds hands. In 18K white gold with brilliant-cut diamonds
      229 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon SembMarine Q3 profit jumps 73% to $141m
      389 6  -  VINCENT WEE Revenue down slightly; operating profit nearly doubles to $142.1 m RIG builder Sembcorp Marine continued to grow strongly in the third quarter with a 73 per cent rise in earnings to $140.9 million but turnover fell slightly to $1.14 billion from
      I FILE PHOTO  -  389 words
    • Article
      Lock icon ST Engg posts 2.7% rise in Q3 earnings to $128.9m
      493 6  -  NISHA RAMCHANDANI Turnover up 11.8%, of which 66% were commercial sales SINGAPORE Technologies Engineering has reported a 2.7 per cent increase in net profit to $128.9 million for its third quarter ended Sept 30, as turnover rose 11.8 per cent
      493 words
    • Article
      Lock icon Tuan Sing's Q3 profit plunges
      205 6 TUAN Sing Group yesterday reported that its net profit for the third quarter ended September 30, 2008 sank 94 per cent compared with a year ago to $814,000. Earnings per share (EPS) was 0.1 cent for 3Q2008 versus 1.3 cents for 3Q2007. This was because
      205 words
    • Article
      Lock icon Five SGX-listed ETFs take off today
      365 8  -  JAMIE LEE ETF based on MSCI Asia Apex 50 index making international debut in Singapore FIVE exchange-traded funds (ETFs) start trading on the Singapore Exchange (SGX) today, taking the number here to 24 and putting the exchange on par with its Hong Kong counterpart.
      365 words
    • COMPANY BRIEFS
      • Article
        Lock icon Memory Devices warns of losses
        55 8 MEMORY Devices Ltd warned yesterday that it expects to incur losses for Q3 2008 as the business conditions of the solid state memory market continue to weaken. Full details of the group's financial performance will be disclosed when it announces its unaudited consolidated financial results
        55 words
      • Article
        Lock icon Abterra plans to consolidate shares
        86 8 ABTERRA Ltd is proposing a share consolidation which would see every 20 existing shares consolidate into one share. Following the implementation of the proposed scheme, the company will have a share capital of $179.97 million and 250.87 million consolidated shares. The company said its directors
        86 words
      • Article
        Lock icon Rotary Engg wins 4 deals worth $27.7m
        51 8 ROTARY Engineering has secured four contracts amounting to $27.7 million. These include an engineering, procurement construction contract awarded by Oiltanking Odfjell Terminal Singapore Private Limited and three revamp and maintenance contracts of varying values secured through its wholly owned subsidiary Rotary IMC Pte
        51 words
      • Article
        Lock icon China Taisan's Q3 profit up 11.8%
        146 8 CHINA Taisan Technology Group Holdings said yesterday its net profit for the third quarter ended Sept 30, 2008 rose 11.8 per cent to RM846.87 million (Sslo million). The group, which makes knitted performance fabrics used in sports and leisure apparel for brands such as
        146 words
    • Article
      Lock icon Firms likely to review stock options: PwC
      344 8  -  JAMIE LEE COMPANIES that hand out a significant amount of stock options as part of their bonuses are likely to review this soon, a PricewaterhouseCoopers (PwC) partner said yesterday. This is because such payments have deviated from the original intention of giving employees
      344 words
    • Article
      Lock icon Kudos to CIMB-GK and UOB-Kay Hian
      660 8  -  SIOW LI SEN CIMB-GK and UOB-Kay Hian have broken ranks with the industry by offering to buy back in full the original Minibond investments from vulnerable investors, without deducting interest already earned. By doing so, the two firms one, Ma-laysian-owned, and the other, the
      660 words
    • Article, Illustration
      Lock icon Hyflux Q3 profit surges 159% to $17.3m
      482 12  -  LYNETTE KHOO Revenue jumps to quarterly high of $177.4 m, a 177% surge from Q3 2007 HYFLUX posted sterling results yesterday, with net profit for the third quarter ended Sept 30 surging 159 per cent from a year ago to $17.33 million, on
      482 words
    • Article, Illustration
      Lock icon Weak £ hits SFI Q3 sales but profit up 4.9%
      361 12 Weak hits SFI Q3 sales but profit up 4.9% Strong local sales push pre-tax profit up 13.8% THE weaker pound sterling has hit the sales of Singapore Food Industries (SFI) through its operations in the UK. Revenue for the third quarter of 2008 fell 2.4 per cent to $158.1 million
      FILE PHOTO  -  361 words
    • Article
      Lock icon Loan demand from SMEs may fall: UOB
      253 12 Reuters UNITED Overseas Bank (UOB), Singapore's secondbiggest lender, said yesterday credit demand from small and medium-sized businesses could fall as the economy slows amid a global financial crisis. "As of now, we are not seeing any distress amongst SMEs," a UOB spokeswoman said
      – Reuters  -  253 words
    • Article
      Lock icon ABN cuts Olam's profit target on trade financing concerns
      386 12 Bloomberg OLAM International Ltd, the commodity supplier, had its profit forecast and share price target cut by ABN Amro Asia Securities (Singapore) Pte on concern that its business may suffer as customers face difficulties getting trade finance. "The shortage of trade
      – Bloomberg  -  386 words
    • Article
      Lock icon P-Reit remains optimistic on outlook
      436 12  -  CHEN HUIFEN AMID challenging market conditions, the manager of Parkway Life Reit (P-Reit) remains optimistic about its outlook and has already repositioned its finances so that it can be more flexible. The healthcare property trust yesterday reported a third-quarter income available for distribution of $10.3
      436 words
    • Article
      Lock icon E3 chairman, CEO grilled but retain board seats
      562 12  -  CHEWXIANG AGM WATCH But co-founder Liau booted out with 61% votes against SHAREHOLDERS grilled E3 Holdings' board of directors for more than five hours yesterday, concentrating their ire on chairman Peter Ngo and chief executive officer Jonathan Ow over a sum of
      562 words
    • Article
      Lock icon At a glance
      307 12 Three months ended Sept 2008 Nine months ended Sept 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT I PREVIOUS CHNG CURRENT I PREVIOUS CHNG (S$m) (Sim) (S$m) (S$m) 1 Sembcorp Marine 140.89 81.36 73.2 1144.25 1171.07 -2.3 360.49 240.20 50.1
      307 words
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      83 7 I J I J Transferred to Mum M ff^B SfflSß^^^^B! H Bfffii TH£ ASIAN BMKEJI■^■^■H EXCELLENCE IN fi^^k 1^ I E Si^nT I^'l^ Excellence in Mobile Phone Banking I ~^^^^^r 'While stocks last. For a full listing of supported mobile phones, please visit www.ocbc.com/mobile. AOCBC Internet/Mobile Banking Access Code, PIN
      83 words
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      1766 8 Singapore Press Holdings Limited Incorporated in Singapore. Co. Reg. No. *****2868E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fourth Annual General Meeting of the Company will be held at The Auditorium, 1000 Toa Payoh North, News Centre, Ist Storey, Annexe Block, Singapore *****4 on Thursday, December
      1,766 words
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      1022 9 Singapore Press Holdings Limited Incorporated in Singapore. Co. Reg. No. *****2868E j||| CHAIRMAN'S STATEMENT I, I lam pleased to report that the SPH Group has produced creditable results in the Financial financial information portal. At the same time, we acquired the book publishing Year 2007/2008 despite moderate growth in the
      1,022 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Still lots to worry about on the economic front
      976 10  -  LARRY WEE CURRENCIES This would likely mean US$ and yen strength for a while yet SO HERE'S what it may come down to in the big picture: The US and world economies are going to get weaker before they get stronger.
      976 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      96 10 Up Down Unch Up Down Unch Up Down Unch lulti Ind 7 7 3 0 0 0 7 7 3 lanufacturing 85 45 47 10 13 95 48 60 Commerce 29 16 15 33 21 19 'pt/Stor/Comms 22 23 10 :inance 24 24 Construction 11 13 'roperties
      96 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      106 10 MAIN SDQ TOTAL MAIN SDQ TOTAL lultl Ind 20.647 20.647 61.813 61.813 lanufacturing 635.313 103.600 738.913 240.256 3.292 243.548 Commerce 127.426 24.463 151.889 72.214 4.312 76.526 'pt/Stor/Comms 200.767 164 200.931 290.704 17 290.721 :inance 39.821 39.821 203.885 203.885 Construction 36.193 8.592 44.785 3.408 325 3.733 ■roperties 79.366
      106 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 10 lapitaLand 2.920 -0.090 lapitaMall 2.010 -0.090 jtyDev 6.350 -0.110 Iosco Corp 0.870 4-0.050 IBS Grp 11.360 -0.320 :&N 2.950 4-0.040 Sent Intl 0.395 4-0.005 iolden Agri 0.215 -0.005 IK Land 2.720 4-0.030 IMH 22.800 -0.680 ISH 11.800 -0.400 lardineC&C 10.000 -0.700 leppel Corp 4.800 -0.200 leppel
      108 words
    • Article
      Lock icon BROKERS' TAKE
      797 10  -  CONRAD TAN Sing Tel Nov 4 close: 552.30 DBS Group Research, Nov 4 WORSE-THAN-EXPECTED Telkomsel results: Sing Tel could report net underlying profit of SsBoo million in Q2 FY2009, its second fiscal quarter ended September, on Nov 12 (down 13 per cent y-o-y and 8 per cent q-o-q).
      797 words
    • Article, Illustration
      Lock icon Second-liners in play as ST Index tracks HK
      530 10  -  R SIVANITHY STOCKS AS HONG Kong moves, so does Singapore. Or perhaps more accurately: as expectations of how Wall Street might move later each day, so moves Singapore. This has been the case traditionally and so it was again yesterday when the
      530 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      57 10 Nov 4 VALUE CLOSE IT OB/OS -277.00 +98.C IT CADI -*****.00+133. IT 10-day MA -*****.00 -27.0' TSE ST Mid Cap 377.94 +4.9. TSE ST Small Cap 313.08 +8.1 TSE ST All Share 440.68 -8.2 TSE ST China Top 177.12+12.7! TSE ST China 178.73+10.9 OB Catalist 81.77 +2.1
      57 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 10 VOLUME Golden Agri 199,575,000 China Honqxinq 76,613,000 Jade Tech 72,178,000 Cosco Corp 63,567,000 Sing Tel 53,143,000 Yanqzijianq 50,666,000 JES 43,902,000 Gent Intl 43,851,000 ChinaEnerqy 43,218,000 AusGroup 42,777,000 VALUE(S) Sing Tel 123,893,923 DBS Grp 57,240,800 S I A 56,310,180 Cosco Corp 55,468,455 UOB 51,162,700 Golden Agri 41,899,345 Keppel
      61 words
    • Article
      Lock icon RISES
      109 10 CLOSE UP ICBC Bk4.5%NCPS 100 7800 300.0 4.0 IQB 5.05%NCPS 100 8800 230.0 2. ICBC Bk5.1%NCPS 100 8710 190.0 2.. ICBCCai 5.1%NCPS 100 8340 140.0 1. iBS Bk6% NCPS 10 9570 100.0 1.1 ;TI3000SGAePW*****0 225 87.0 63.' 'enture Con 635 75.0 13.. India Ni 10 956 66.0 7.. ilA
      109 words
    • Article
      Lock icon FALLS
      103 10 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN IMH 2280-100.6 -2.9 lardine C&C 1000 -70.0 -6.: ISH 1180 -59.2 -3.: LP 10US$ 7226 -50.3 -0.I IOB 1334 -36.0 -2.i 'ortek 20 -33.0 -62. iBS Gri 1136 -32.0 -2. :GXSGAePW*****1 38 -23.0 -37. in«
      103 words
    • Article
      Lock icon CURRENCIES
      87 10 Wh lere S! stands Nov 4 %CHNG CLOSE FRNOV3 YR2008 S$ LOW S$ HIGH uss 1.4778 -0.48 1.5155 1.3457 Euro 1.8749 0.80 2.2064 1.8640 Pounds 2.3317 2.42 2.8431 2.3088 AS 0.9960 0.40 1.3251 0.9068 Yen* 1.4926 -0.78 1.6645 1.2619 Rupiah* 0 ***** -0.93 0.***** 0.***** Baht* 4.2259 -0.42 4.4299
      87 words
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      1196 11 where big winners come in all sizes SINGAPORE HEARTIEST CONGRATULATIONS to the winners of the Singapore international International 100 Ranking 2008. For your vision, success in charting new T g\ frontiers, and your role in developing Singapore's external economy, I I I I I we salute you! Wishing you continued
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      312 13 v .1.1 il -l j~J" 3 ;-v^^ Vv~*-._ ySvT< jL-^t^l J -i—; If your IT system goes down, will the rest of your business follow? ~f\ Our reliable architecture keeps you on firm ground. numerous applications reside. Drawing on our expertise in The moment you think you're prepared for anything,
      312 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Overseas sales of top 100 S'pore firms hit $173b
      496 14  -  CHEWXIANG Palm oil giant Wilmar leads the pack, followed by NOL, Sing Tel, SIA THE overseas revenues of Singapore's top 100 globalised companies jumped 20.4 per cent last year to hit $173 billion, from $144.5 billion the year before. Seventy-eight of
      THE STRAITS TIMES FILE PHOTO  -  496 words
    • Article
      Lock icon S'pore could draw more green energy projects
      526 14  -  RONNIE LIM SINGAPORE could attract even more mega investments to develop new alternative and renewable energy ideas and technologies for the world, energy officials said. Finland's Neste Oil, which is starting up a Ssl .2 billion second-generation biodiesel plant here in 2011 the
      526 words
    • Article
      Lock icon Sales of single-premium products dive in Q3
      330 14  -  EMILYN YAP TOUGHER rules on the investment of Central Provident Fund (CPF) savings continued to hit sales of single-premium products in Q3 2008, said the Life Insurance Association (LIA) of Singapore yesterday. Looking ahead, LIA also expects slower life insurance sales as the
      330 words
    • Article, Illustration
      Lock icon Autodesk opens R&D centre at Fusionopolis
      407 14  -  ONG BOON KIAT It will acquire more office space when next phase is ready SOFTWARE giant Autodesk Inc has set up a new research home at Fusionopolis. The California-based company yesterday announced the opening of its 5,000 square metre research and development (R&D) centre
      407 words
    • Article
      Lock icon China can offset slowing global demand: SG
      446 15  -  JAMIE LEE Its economy driven by investment consumption, not exports: strategist CHINA can provide "sufficient compensation" for Asia amid the slowing global demand, a Societe Generale Asia strategist said yesterday. "China has never been that coupled with what is happening in the rest
      446 words
    • Article, Illustration
      Lock icon New Citi overdraft ties global mortgages
      375 15  -  SIOW LI SEN CITIBANK Singapore is offering an overdraft to affluent clients collateralised on their global properties. The bank said that its global home financing solution allows high net worth clients to consolidate mortgage financing on residential properties here and abroad into one overdraft
      FRANCIS ONG/THE STRAITS TIMES  -  375 words
    • Article
      Lock icon Mercer expands into wealth management services here
      215 15  -  NISHA RAMCHANDANI CONSULTANCY firm Mercer will expand its services here to include a wealth management unit, banking that challenging economic conditions will boost demand for professional, institu-tionally-tested investment processes. As part of the service, an investment consultant will liaise with research teams from
      215 words
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      57 words
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      55 15 www.kotrasin.com KOREA PRODUCT SHOW t& Business Meeting 2008 19-20 November 2008 SUNTEC Singapore, Hall 402 Free Admission For more information and PRE-REGISTRATION Website: www.kotrasin.com I Hotline: 6884 7924/5 Email: kotrasin@singnet.com.sg Organised by Supported by gSpSI SINGAPORE Kill l/ntm BUSINESS I JQ| 1-^ FEDERATION Korea Ttade-lnvestmerrt *p*» BM*m»» chtmiw Gldudlnspiisliaii Promotion
      55 words
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      5374 16 Electro Tech Investments Limited ETLA Limited (Incorporated in the Republic of Singapore) (Incorporated In the Republic of Singapore) (Company Registration No. *****5084 D) (Company Registration No. *****2325G) JOINT ANNOUNCEMENT PROPOSED MERGER OF ELECTROTECH INVESTMENTS LIMITED AND ETLA LIMITED BYWAY OF A SCHEME OF ARRANGEMENT 1 INTRODUCTION (iii) manufacturing capabilities and
      5,374 words
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      5069 17 Effect on NTA per Share in each case as of the date of the Implementation Agreement and as of the Record Date as though made on and as of that date except The effects of the Proposed Merger on the NTA per Electro Tech Share, assuming that the Proposed Merger
      5,069 words
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  • ECONOMY WATCH
    • Article
      Lock icon Australia slashes rate by 75 basis points
      476 18 ■AP Bigger-than-expected cut comes amid fears that economy is slowing quickly [SYDNEY] Australia's central bank cut its benchmark interest rate yesterday by a bigger-than-expected threequarters of a percentage point as the global financial meltdown threatens to drag the country into recession. It was
      ■AP  -  476 words
    • Article, Illustration
      Lock icon BOJ move on excess reserves could backfire
      621 18 -Reuters [TOKYO] The Bank of Japan (BOJ) has introduced interest payments on excess reserves from banks as a way to provide stability in money markets, but analysts say the policy could backfire. The central bank decision to pay 0.1 per cent interest on
      -Reuters; REUTERS  -  621 words
    • Article
      Lock icon ECB and BOE poised to swing axe on rates
      523 18 AP Some watchers say BOE may slash a full percentage point [LONDON] The European Central Bank and the Bank of England are both expected to cut interest rates tomorrow as they face sharply lower growth prospects as a result of the
      AP  -  523 words
    • Article
      Lock icon The winter of summer bonuses
      224 18 Reuters Japanese feel the pinch with fall in overtime pay as crisis hits corporate revenue [TOKYO] Japanese summer bonuses fell and overtime pay dropped in September from a year earlier, government data showed yesterday, a sign that households are feeling the pinch as the financial
      Reuters  -  224 words
    • Article
      Lock icon Vietnam banks cut lending rates
      246 18 Reuters [HANOI] State-run Bank for Investment and Development of Vietnam (BIDV), Vietnam's second-largest lender, said yesterday that it was trimming loan rates by up to 1.2 percentage points after the central bank announced its second rate cut in two weeks to support economic growth. The
      Reuters  -  246 words
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      130 18 I Sometimes you IWI AVI MI Q F I I just need to IVI rAJK. 11VIIO C I I your cash flow. I At Cash Converters, we turn your unwanted fc^. items into cash. ft Benefits when you sell your items I to CASH CONVERTERS I Fast, discreet and convenient
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon The family ties that bind in Malaysian politics
      816 19 Reuters 'Dynasty politics' will be around for a long time, according to some [KUALA LUMPUR] Politics often appears to be a family affair in Asia, and Malaysia now looks set to join the party. Najib Razak, the 55-year-old son of Malaysia's second
      – Reuters  -  816 words
    • Article
      Lock icon More downside risks to Malaysian earnings
      250 19 Bloomberg Citi expects global financial crisis to exact a toll [KUALA LUMPUR] Malaysian corporate earnings may shrink more than expected next year as the global financial crisis takes a toll on the local economy, Citigroup Inc said. Citigroup, which in September called the stock
      Bloomberg  -  250 words
    • Article
      Lock icon Jakarta may set coal quota
      175 19 Bloomberg [JAKARTA] Indonesia, the world's biggest exporter of power-station coal, may require producers to set aside 47 million tonnes of their combined output next year to meet domestic demand. The quota will be set annually based on government estimates of how much coal is needed
      Bloomberg  -  175 words
    • Article
      Lock icon Jakarta awards first mining contract in 10 years
      286 19 Reuters [JAKARTA] Indonesia signed a US$l.l billion contract for an iron sand and pig iron mining project yesterday, the first mining contract to be awarded in the resource-rich country in a decade due to confusion over the mining law. Energy and Mines
      ■ Reuters  -  286 words
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      160 19 Footnotes: 1. New Accounts claim based on internal E*TRADE FINANCIAL Corp. metrics for average daily gross new E*TRADE Bank and E*TRADE Securities accounts between 10/1/07-9/30/08. Net new accounts were in excess of 150,000 over the same period. 2. For details of Smart Money award, please visit www.etrade.com.sg. 3. Financial figures
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  • MERGERS & ACQUISITIONS
    • Article, Illustration
      Lock icon Careful tax planning pays off
      2029 20 It can increase the value of an M&A deal for the companies involved, writes CONRAD TAN CAREFUL tax planning can increase the value of a merger or acquisition deal for the companies involved, but firms need to know what to look for. Deal advisers here
      2,029 words
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      359 20 M&A FORUM MSA Forum Panellists: HJMBff The US credit crunch has seen deal flow slow dramatically. However, there Andreas Duffner Tan Kay Kheng are still significant opportunities in China and India, and companies are keen to ujd -rt -rn'l Head, Business Transformation Tax Partner ensure hey are not left behind
      359 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Taiwan, China sign pacts for direct shipping, flights
      602 21 -AP.AFP Links will save airlines NTs2b a year and shipping firms, NTslb [TAIPEI] Taiwan and China set aside decades of hostilities yesterday and agreed to drastically expand flights and allow shipping links across the Taiwan Strait a potential hot spot that has
      -AP.AFP; REUTERS  -  602 words
    • Article
      Lock icon Beijing prods banks to make loans
      457 21 Reuters [BEIJING] China will work out measures to break banks' reluctance to extend loans as it aims to counter an economic slowdown that could worsen next year, a deputy central bank governor said in remarks published yesterday. Annual economic growth slowed to 9 per
      – Reuters  -  457 words
    • Article
      Lock icon Indian developers woo buyers with free cars, gold, holidays
      284 21 AFP [NEW DELHI] Indian builders hit by slipping profits are offering free cars and gold to kickstart once-booming demand but experts warn the gimmicks may not keep the housing industry afloat. The gifts range from Toyota four-wheel drives to gold coins
      AFP  -  284 words
    • Article
      Lock icon S'pore firms eye Taiwan tourists amid slump
      575 21  -  JASON TAN Players tie up with Taiwanese agencies to push travel deals WHILE Taiwanese consumers started to cut down travel expenses in view of the weak economic sentiment, it may not be all bad news to some. Marketing campaigns launched by Singapore Tourism
      575 words
  • Page 21 Advertisements
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      169 21 Singapore #^^^S #outh Award J^f||§te THE HIGHEST YOUTH asQi *SkM^ ACCOLADE IN SINGAPORE Sb^fg^* *&<£> The Singapore Youth Award Award categories: (SYA) honours outstanding local youth Nominations can be made for individual who demonstrate Excellence with a or team in the following categories: Heart. In a league of their own,
      169 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US defence market may turn more protectionist
      656 22 Reuters Tighter scrutiny of European contract bidders likely [WASHINGTON] Expected Democratic gains in Congress, a tighter defence budget and growing concern about barriers to US weapons sales in some European countries point to a surge in American protectionist sentiment after yesterday's election. That
      ■ Reuters  -  656 words
    • Article, Illustration
      Lock icon US businesses brace for election outcome
      712 22 Reuters Major changes likely for many sectors of economy regardless of who wins [WASHINGTON] As Democratic presidential candidate Barack Obama comes down the homestretch leading Republican rival John McCain, corporate America is bracing for what lies beyond the finish line. After yesterday's election, major
      – Reuters; BLOOMBERG  -  712 words
    • Article, Illustration
      Lock icon Asia MICE sector will survive downturn
      545 22  -  GREG LOWE in Bangkok CONVENTIONS and exhibitions in the region will weather the global financial storm, despite a drop in delegate attendance, but corporate meetings and incentive travel will plummet as budgets are cut, those in the industry say. Last year, Asia's conventions and
      AFP  -  545 words
    • Article
      Lock icon September factory orders far worse than expected
      374 22 Bloomberg LATEST US DATA [WASHINGTON] Orders placed with US factories in September dropped three times as much as forecast, led by a slump in the value of bookings for non-dura-ble goods that reflected the plunge in the cost of oil and other commodities.
      Bloomberg  -  374 words
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      80 22 TUNE IN TO BIGGEST HITS OF THE 90S CHBIS BROWN TILL NOW! ONLY ON RADBO 109% PURE FUN Ifi D A SATS Land Bank of Taiwan, Singapore Branch hereby gives notice that the tender period for provision of audit and taxation services has been extended and, accordingly, the expiration time
      80 words
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  • GLOBEL FINANCIAL CRISIS
    • Article, Illustration
      Lock icon Uncle Sam goes cap in hand
      542 23 AP, Reuters Washington moves to get parts of USs7oob rescue deal up and running [WASHINGTON] The US government, raising cash to pay for the array of financial rescue packages, said on Monday it plans to borrow US$55O billion in the last three months of
      AP, Reuters; AP Graphics  -  542 words
    • Article
      Lock icon Banks lobby for card debt to be forgiven
      641 23 -AP Pilot programme lets lenders forgive 40% of debt owed [WASHINGTON] With defaults on credit card debt spiralling amid a global financial downturn, banks already reeling from the mortgage crisis are losing billions more from unpaid credit card bills. Big banks have
      -AP  -  641 words
    • Article
      Lock icon RBS writes down £1.2b assets in Q3
      391 23 ■AFP, AP [LONDON] Troubled British bank Royal Bank of Scotland (RBS) admitted yesterday that it was likely to plunge into the red this year owing to the global financial crisis, and gave details on a huge government bailout. RBS issued plans to raise
      ■AFP, AP  -  391 words
  • Page 23 Advertisements
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      201 23 it mm V Vjfc- -I—-— r < i hi 1 i I v4!w9PV HKfc J y.! /J'^^fi *™WBfciniY r'"^ IM .j^^ |^H^ J| V -'w J f i t' •?'■<. 'ir. **"iVJ£ ""JJffiSJi H^^S^1 "L' v^^ h ..j^?' 3 T/ 'I v ■i;.l' ::V^if&'^'^^e^' I '^-9/ '-">'■ -11".1:-' 111] ~'j
      201 words
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  • Transport HUB
    • Article, Illustration
      Lock icon Offshore oil and gas industry cooling off
      779 24  -  VINCENT WEE Also, Chinese yards might not get capital easily, says Lloyd's lain Light [SINGAPORE] The offshore oil and gas market has turned from white-hot to warm over the past quarter. And as conditions get tougher, Chinese yards many of them greenfield projects
      BLOOMBERG  -  779 words
    • Article
      Lock icon Asian shipyards seeking security of surety bonds
      672 24  -  RICHARD GREEN Credit squeeze forcing shipbuilders to re-evaluate liquidity strategies WITH the financial crisis now reaching Asia, companies are bracing for the worst by shoring up their balance sheets and freeing up access to capital. The shipbuilding industry in Singapore and around Asia
      672 words
    • Article
      Lock icon Who's to pay for smooth sailing?
      845 24 -LATWP [WASHINGTON] It's a big weekend for sailing, with the Melges 24 North Americans, Soling National Championships, IRC big-boat East Coast Championship and a handful of other regattas drawing racers big and small by the hundreds to the Chesapeake. They'll enjoy one of the
      -LATWP  -  845 words
    • TRANSPORT HUB: SHIPPING
      • Article
        Lock icon Training is still crucial to produce qualified seafarers
        1139 25  -  DAVID HUGHES STRAIT TALK LAST week this column looked at Singapore Maritime Academy's unique and highly successful Maritime Experiential Learning (MEL). I wonder how many readers, especially those who have seen downturns before and mass layoffs in the shipping industry, thought that
        1,139 words
      • Article
        Lock icon DryShips Q3 profit up 71% on larger fleet, higher rates
        473 25 Bloomberg [NEW YORK] Dry Ships Inc, a Greek owner of vessels that haul iron ore and coal, said third-quarter profit rose 71 per cent on higher rates and a larger fleet. Net income climbed to USSIBO million, or USs4.2l a
        – Bloomberg  -  473 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon CAAS surplus falls 15.2% to $351.6m
        587 26  -  YEN SREENIVASAN Decline due to slide in non-operating income, rising operating expenses [SINGAPORE] THE operator of Singapore's Changi Airport has chalked up a surplus from operations of $351.6 million for the year ended March 31, 2008, a 15.2 per cent fall from $415.1 million
        FILE PHOTO  -  587 words
      • Article
        Lock icon SIA cuts fuel surcharge for business, economy class tickets
        326 26 SINGAPORE Airlines has announced a second cut in fuel surcharges in as many months, in response to sharp falls in the price of jet fuel. But this time, the cut applies only to business and economy class travellers. The lower surcharges
        326 words
      • Article
        Lock icon AMR sees US airfares, fees staying high
        665 26 Bloomberg Carriers still in the red despite price hikes, surcharges [DALLAS] US airlines will keep raising fares and adding fees to help stem losses, even as the cost of jet fuel slides, AMR Corp chief executive Gerard Arpey said. "Despite fuel surcharges, despite
        ■ Bloomberg  -  665 words
      • Article
        Lock icon Ryanair slashes fares amid falling traffic
        455 26  -  JANE MOIR By in London IN a sign of growing turbulence in the low-cost airline industry, budget carrier Ryanair is slashing prices as passenger numbers waver. And other airlines are cutting capacity as demand falls, with analysts predicting insolvencies as smaller players struggle to
        455 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2510 26 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
        2,510 words
    • TRANSPORT HUB: MOTORING
      • Article
        Lock icon Long-term planning key for transport system
        624 27  -  SAMUEL EE WORLD URBAN TRANSPORT LEADERS SUMMIT Four core principles guide Singapore's transport planners, says LTA chief TRANSPORT solutions for Singapore have to be economically, socially and environmentally sustainable, and long-term planning is key. This is one of the four core principles that has
        624 words
      • Article, Illustration
        Lock icon Transport key to cities' growth: minister
        548 27 THE quality of urban transport matters greatly to a city's character, its liveability, and whether it can continue to sustain itself and grow, said Transport Minister Raymond Lim yesterday. "Today, about half of the world's population already lives in cities," he said, adding that
        H0 PENG YEW/LIANHE ZAOBAO  -  548 words
      • Article, Illustration
        Lock icon Technical issues, bad press hurt CNG car sales
        731 27  -  SAMUEL EE SLUGGISH and sometimes jerky performance seem to have driven a wedge between the Singapore car buyer and compressed natural gas (CNG), with the love affair set for a possibly unhappy ending. Some cars retrofitted with CNG kits have been causing
        FILE PHOTO  -  731 words
  • Page 24 Advertisements
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  • Page 25 Advertisements
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      801 25 Advertisement I tfj f£\ 11F—T^I iTi Hl> Hflj!Tsl l^lll I The Certification Board functions Increased confidence from potential clients m£JtMHßjifndßßKlßgUKnnßm I independently from all organisations and Opportunity to be updated on professional Uj I I LW»I Im Jl B^L^l iLil I government agencies and makes the final knowledge, tools and
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  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      370 26 CRYPTIC CROSSWORD ACROSS I Surgeon accepted American 1 r H 3 I* I s I r i V kiss \Q) lsffix^^x%i inim! SKSJJ ititßtS; HS9J* »3S?3Jitfisis 3 Annoying to disturb a few __H^HB__HB__HH__^H__HB__HBHH__ 8 Radio he's retuned once in 9 Trembling note? (6) To~^ 10 Rose perhaps is a banker
      370 words
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      860 27 w A WATS PT INTERNATIONAL NICKEL INDONESIA Tbk ANNOUNCEMENT EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS In accordance with Article 22 paragraph 2 of PT INTERNATIONAL NICKEL INDONESIA Tbk I ("Company") Articles of Association and Bapepam Rule No. 1X.1.1 on Planning and Conducting the General Meeting of Shareholders, hereby all shareholders are
      860 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Positive steps by policymakers
      520 28 ALTHOUGH the global economy is facing its worst crisis since the Great Depression of the *****, policymakers today are a good deal wiser about how to deal with such a crisis than they were then. At that time, monetary policies were tightened and the idea of
      520 words
    • Article, Illustration
      Lock icon Banking on swift action to combat a global slowdown
      1212 28  -  LUC LAEVEN Making sound policy responses today will avert future fiscal and economic disasters THE global financial crisis is evolving at breakneck speed and the debate about why it happened and how it will unfold is still very much ongoing. While
      AFP  -  1,212 words
    • Article, Illustration
      Lock icon Making the rich poorer won't help Americans
      782 28  -  ROBERT SAMUELSON THE BOTTOM LINE FOR years, Americans have debated rising economic inequality. On one side, liberals denounce it as unjust. Redistribute wealth to the poor and middle class, they say. On the other, conservatives minimise its importance. What matters most is overall
      782 words
    • Article, Illustration
      Lock icon Finance – the reality and the illusions
      743 29  - Finance the reality and the illusions EDWARD HADAS Distressingly, a large portion of activity in the financial world is little more than gambling JOB cuts are the order of the day in finance, the business of money and promises. The shrinkage may mark a welcome reversal of a long running
      BLOOMBERG  -  743 words
    • LETTER TO THE EDITOR
      • Letter
        Lock icon EGM not needed for Reit name change
        242 29  -  Mok Lai Siong WE refer to the letter, "Don't support name change for MPReit" (BT, Nov 4). As manager of Macquarie Prime REIT (MP REIT), we had in mid-February 2008 embarked on a process of reviewing strategic options for MP REIT aimed at
        242 words
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      2139 29 SENOKO POWER LIMITED (Company Registration No: *****4467W) (Incorporated in the Republic of Singapore) NOTICE OF MEETING OF HOLDERS OF THE 4.51 PER CENT. BONDS DUE 2013 OF SENOKO POWER LIMITED Trust Deed dated 14 October 2003 (the "Trust Deed") Between Senoko Power Limited (the "Issuer") and DBS Trustee Limited (the
      2,139 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9054 30 Transaction date: Nov 4 !-wks Tel Low Code Last Sale Vol COOP) lay L Low Bu] .ast Quote yer Seller Div C'vr Net P/E ICap $mil Hii Com| >an] Hii 13 3 3148 .Telecom 19 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 20.5 6 1938 AEI
      9,054 words
    • Article
      Lock icon SGX CATALIST
      1973 31 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
      1,973 words
    • Article
      Lock icon SGX XTRANET
      68 31 52-Wk Tel h Low Code Last Sale Vol fOOO) Day ih Low Last Quote Buyer Seller Div GrYld C'vr Net MCap P/E $mil Hii Comi Hii ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&PSO0 ***** ***** 6170 SPDRS 387
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    • Article
      Lock icon CLOB INTERNATIONAL
      68 31 52-Wk Tel High Low Code Last Sale Vol COOOl Day Low Last Quote Div GrYld Net MCap Buyer Seller C'vr P/E $mil Comi Hii 114 45 6000 AVJennings 20.5 4 6134 Over&Gen 42 6 6017 StarCruises 283 123 6019 TanChonglnt A45 A8 US10 HK126 +1.5 8251 10 8.5
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8602 31 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.461/ AIGIF Spore Bond Fund/A 1.251/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.59/ APS Alpha Fund (USD)!** 0.4/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6425/ APS Komaba Global
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      370 32 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov 3 World Index Preliminan 723.3 0.8 -36.1 0.5 -37.6 0.9 -39.2 f EAFE Preliminai 684.8 1.3 -38.9 0.8 -42.9 1.2 -44.. Euro[ Preliminan 967.4
      370 words
    • Article
      Lock icon PALM OIL
      57 32 Nov 4 lelivery ■onth Opening Range Sett Av Price Price Hii Vol Open Done Position Low .ov08 1650 _ec08 1595 Ian 09 1589 :eb09 1598 Total o/p: ***** contracts 1643 1650 1610 391 1584 1612 1546 2077 1578 1610 1546 6495 1580 1606 1550 2313 Turnover: ***** lots
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    • Article
      Lock icon STOCK INDEX FUTURES
      22 32 Nov 4 STI IIMSCI Nov 227.6 227.6 221.3 "aiwan Nov 190.2 192.5 191.3 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon US$/S$ FORWARD RATES
      21 32 Nov 4 Bid Offer -month 1.4768 1.4785 months 1.4746 1.4763 months 1.4721 1.4739 i-months 1.4650 1.4668 Source: OCBC
      21 words
    • Article
      Lock icon SIBOR
      79 32 Nov 4 (US$) (S$) 2.***** 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** IIILIIb I. IOH31 9 mths 1.***** 12 mths
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      296 32 Nov 4 URODOLLAR FUTURES Dec08 Vlar09 un09 >ep09 97.8750 97.8800 97.7050 97.5100 6816 8472 4435 3830 EUROYEN TIBOR FUTURES _ec08 99.305 99.305 Vlar09 99.400 99.400 Iun09 99.420 99.420 iep09 99.410 99.410 _ec09 99.350 99.350 vlarlO Iun10 >ep10 99.305 99.110 99.415 99.400 99.330 99.295 99.375 99.400 99.355 99.320
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    • Article
      Lock icon SICOM FUTURES
      182 32 Nov 4 (UbbbK Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l (lots) Dec 08 192.0 Ian 09 =eb 09 Vlar 09 <\pr09 194.0 Vlay 09 194.0 191.5 192.5 192.5 192.0 194.5 193.5 192.5 195.5 195.5 80 142 142 285 611 605
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    • Article
      Lock icon GOVERNMENT SECURITIES
      89 32 Nov 4 'eriod Issue code Maturity Yesterday's Bid Hii Day's ill Low 1-Month BQ*****N 05.02.09 -Year BY*****V 02.11.09 0.85 1.17 0.8 0.77 30VERNMENT BONDS 'eriod Issue Coupon Maturity code rate Close Bid Day's High Low l-Year NX*****T 4.625 i-Year NX*****Z 2.250 '-Year N*****0S 2.875 0-Year NY*****A 4.000 5-Year
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 32 As at 9am Nov 4 foreign currency: Currencies Bid Offer lust dollar 0.9910 1.0430 Can dollar 1.2490 1.2630 iuro 1.8610 1.8820 IZ dollar 0.8670 0.8870 iterlini 2.3260 2.3530 IS dollar 1.4720 1.4890 .ocal dollars to 100 units >. foreign currency: Currencies Bid Offer Chi renminbi 21.40
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    • Article
      Lock icon INTERBANK RATES
      162 32 Nov 4 fer Iverniqht 1/16 -month 1 l-months 1 1/8 l-months 1 3/16 Overnight mode: 1/16 IS$ Offer 1/3; ii' in 15/11 Bk days month months 1 months j months months 2 months (Au 1.20 2.75 3.25 3.50 3.50 3.50 3.50 Offer 0.71 2.2! 3.01 3.01 3.01 3.01
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    • Article
      Lock icon INTERBANK CROSS RATES
      447 32 Nov 4 Iuro ren Fori •eso 'am 'ouni lustralia 0.793 4.561 0.529 5.170 32.274 72.881 0.660 8.546 2.356 1.132 54.315 32.298 0.987 6.686 0.783 21.904 23.335 0.425 0.667 Canada 1.261 5.751 0.666 6.519 40.693 91.892 0.833 10.775 2.971 1.427 68.483 40.723 1.244 8.430 0.987 27.618 29.422 0.536
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    • Article
      Lock icon PRECIOUS METALS
      128 32 Nov 4 /oz) lov lov Hong Kong 730.00 734.40 731.00 735.40 .ondon Nov 03 Oct 31 726.75 727.30 728.75 729.80 Source: Thomson Reuters CAST BAR M) NovO Buyinr Sellini Kilobar "37,763.51" ***** PAMP GOLD BARS (SS) Selling Buying gm jgm Ogm !Ogm iOgm OOgm oz ozUBS Kinebar™ 84.53
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      150 32 Nov 4 lurrencies Bid Offer Bid Offei >$/US$ to one unit of foreign currency: Australian dollar 0.9864 0.9876 0.6670 0.667; Canadian dollar 1.2436 1.2453 0.8409 0.841 Curo 1.8662 1.8685 1.2619 1.262: IZ dollar 0.8709 0.8732 0.5889 0.589' jterlini 2.3201 2.3229 1.5688 1.569: IS dollar 1.4789 1.4802 >$/US$
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    • Article
      Lock icon LONDON METALS
      64 32 Nov3\ luminium, 99.7 jrity (US$/tonne) h Close Previous :ash 2048.00 1989.01 months 1995.50 2040.0I Copper, Grade A (US$/tonne) months 4090.00 4091.00 4101.01 4099.01 .ead (US$/tonne) :ash 1500.00 months 1493.50 1500.01 1508.01 lickel (US$/tonne) ]ash I months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) iash months *****.00 *****.01 *****.00 *****.01
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      Lock icon LIFFE
      71 32 Nov 3 (£/tonne) Close Prev Hii ih/Low Dec 08 1290 1322 1335/1290 vlar 09 1301 1331 1343/1300 vlay 09 1311 1341 1350/1310 ul 09 1321 1351 1362/1320 IOFFEE (US$/tonne) Close Pev High/Low Mov08 1603 1548 1604/1567 Ian 09 1642 1603 1645/1604 SUGAR (US tonne) White Close Prev High/Low lee
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    • Article
      Lock icon CHICAGO BOT
      105 32 Nov 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 08 928.25 925.25 947.00 920.00 Jan 09 937.50 933.00 955.00 928.00 Mar 09 949.25 945.25 966.00 943.00 May 09 960.75 956.75 974.00 955.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 34.74 33.60 35.70
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      75 32 CRUDE OIL PRODUCTS Nov 3 origin) t/barrel Close Cham irent blend (1-Mth F) 61.89 0.29 VTI (Near Mth) 64.05 -3.74 )ubai (1-Mth F) 61.45 4.70 "apis blend 68.20 3.35 i/linas 66.40 2.90 >RODUCT JSS/barrel (FOB S'pore) Close Change Naphtha let Kerosene 31.15 82.50 -1.90 0.50 JSS/barrel )pec Oil Basket Price
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    • Article
      Lock icon BONDS & WARRANTS
      3076 32 BONDS WARRANTS rel Zode Com| Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- ing fflths Left >am _058 Advance Modules Grp W*****3 _036 Advance SCT Ltd W*****9 )092 Asia Environment W*****4 1481 Asia Water Tech Ltd W*****0 .816 Asiasons Capital Ltd W*****7 3756 Asiatic Grp (H) Ltd
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      154 32 Lffl^M^SK^^jT'" Which Way for the Tradethedollar;lookoutfor: Wm jJ Mo\ W% f% Interest rates decisions by the Federal Reserve other central banks j^^ II d Speeches monetary policies by policy makers A9ainst the current backdrop of global credit crunch, Key economic indicators like CPI, PPI, Consumer Confidence Employment figures rising inflation
      154 words
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      2574 33 m The Business Times Shipping Times BfCTJ^jffnHlffiffffTOlffißßffiß T WAN HAI INTERNATIONAL PTE LTD CR NO: l .6.5.*****/R %._E m^m^^mWMsßßmWSmWSSm ■__■-*> TEL *****588 (14 LINES) FAX: *****163 V W^_^_^_r__f7^E^r_V BSE IgEg-fl-Bla V\N 1 WAN HAI INpN Customer Servke/Booking. Direct line (**********200 A A m- I I _L^l»\»_r» I I .ffEB WBWB
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      3646 34 1^ RICKMERS-LINIE Round-the-woHd P eaHstHn g service I \¥jr\ EASTERN CAR LINER, LTD I[m gjC&lt^lm uSe!" 0"'6'""7"16" 7506 COnVen"ong' SerV"eS WebS"e: WWW-ritkme-">^ i-^-i I SPEQAIIZE IN RORO i HEAVY LIFT UPTO 450 T^ EXPRESS SAILING SCHEDULE Vessel I Voy SIN I ALT I HOU I NEW I JAX I ORF
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      5833 35 H HI H 19 II I |gg ANDERSEN "^ISXVIZIL TwAn GLORY NAVIGATION CRflllpl ■;^A|I __s_-_-i H___l IH9 I A V shipping c0_.pa.777 70 Shenton Way, #21-03 Marina House Singapore *****8 W«-U_l 1 -IHVIUHIIUH U-IUUr I Ml*S*Ml ISP HSU WM Ml Hi north west express line ■r^ m#^im.*f«M*^a MONTHLY SERVICE TO
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  • executive Money
    • Article, Illustration
      Lock icon Currency swings hit investor portfolios
      851 36 Moody's says risk-averse investors are moving funds to safe havens to avoid losses, and the yen and US dollar are seen as safe havens, reports GENEVIEVE CUA VIOLENT swings in currency rates have wreaked havoc on individual investors' portfolios, already wounded by steep falls in
      ARTHUR LEE; Bloomberg  -  851 words
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      Lock icon Family offices still rare in Asia: study
      365 36  -  GENEVIEVE CUA ASIA'S wealth may have burgeoned in recent years at a rate surpassing that of the US and Europe, but family offices remain a rarity. Lichtenstein-based VP Bank's Patrick Wild, who heads private banking overseas, reckons there are between 10 and 50
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    • Article, Illustration
      Lock icon Emerging markets: Trying times ahead
      1307 37  -  ELKE SPEIDEL-WALZ While the short-term outlook remains rough, they could still outperform developed markets in the longer term THE exceptionally strong fall in share prices in the emerging markets this year has been disappointing. While the short-term outlook remains rough, there is still good reason
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      Lock icon US runs the risk of deflation
      1144 38  -  TOM PETRUNO ■LAT-WP The fear is that consumer spending, which already is contracting, could collapse doing the same to prices. And as prices fall, even people who have spending power would be inclined to close their wallets and wait for things to get even
      ■LAT-WP; REUTERS  -  1,144 words
    • Article
      Lock icon Crisis hits companies held by buyout firms
      889 39 -NYT Saddled with huge debt such firms are now queuing to file for bankruptcy [NEW YORK] Private equity firms embarked on one of the biggest spending sprees in corporate history for nearly three years, using borrowed money to gobble up huge swaths of
      -NYT  -  889 words
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      272 36 ;;7^Wjackpot^H 1,500,000Tomorrow! Sales Close at 6pm Draw at 6.30pm t>LAYi Always ploy with care. Towards Community W r~P°™""yr Do not bet illegally. Purpose and Benefit B^J RCBRegNo:I96BOO2O2G For XBRL or other accounting-related assistance, call 6-222 6868 now ACCOUntServe for the Accounting Specialists www.Accountserve.com.sg You get more out of trading FX
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  • Page 36 Miscellaneous
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      239 37 b^t b^^b^^l^Z 1 ■^■^^S^r^J™^ I P^B^M '-"T" M V MIJMJJIIUIB^B^B^B^M 7 CULINARY WONDERS Enjoy the luxury of choice with Global Kitchen's all-you-can-eat presentations. Experience seven culinary concepts with crisp salads, crustacean on ice, Asian mains, gourmet compositions, a ia minute pasta, the carving station and a splendid dessert station set
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      10 38 ft xtfft* Jointly organised by: 'Z:::'";Z the Business times Il^sass.-
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      210 38 A 9SATS LOST CERTIFICATES Thß following share certificates have bßen reported lost, mislaid or destroyed by the registered shareholderBull Information Systems (S) 5 979,538 Ordinary Shares Bull International S.A. Pie Ltd (In Liquidation) Bull Information Systems (S) 6 5,036,555 Ordinary Shares Bull International S.A. Pte Ltd (In Liquidation) Notice is
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      233 39 Autumn auctions 2008 Hong Kong Fine Chinese Ceramics and Works of Art Fine Jewellery and Jadeite Catalogue Subscriptions Fine Chinese Paintings, 20th Century and Edmond Chan To order catalogues by post or arrange Contemporary Asian Art +852 3607 0007 annual subscriptions: Fine Jewellery and Jadeite edmond.chan@bonhams.com Fine Watches and Clocks
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      636 39 Anyone can win awards, z Only a few win them year after year. W^B >.T-\V/-It»k I I I H- I Digital FX Awards I I CjlTll^H Lte^ I I 2008 FX Week lItEKWH HIT iFXWeekl^ I ■^i^b Ho^ Ho^ I e-FX Awards I I e-FX Awards I 2007 KTiTiVJ 2006
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  • PERSPECTIVES FROM THE TOP
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      Lock icon Use short-term bounces to de-risk
      1029 40 Private portfolios should sell higher beta and more volatile assets that have less of a secure backing in cash flow, reports GENEVIEVE CUA THERE is good and bad news in these unsettling times. The good news is that the chance of a depression seems to
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      100 40 This is the fourth of a five-part series brought to you by Credit Suisse 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 visionary point of view. Considering from the outset
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