The Business Times, 13 November 2008

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Total Pages: 30
1 30 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •3* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Thursday, November 13,2008
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  • 919 1  -  WINSTON CHAI Q2 net profit down 12%; group looking to redeployment to cut operating costs [SINGAPORE] Singapore Telecommunications' quarterly profit may have skidded to a three-year low, but it will look to redeployment instead of retrenchment to cut operating costs. "Certainly, job
    BLOOMBERG  -  919 words
  • 762 1  -  UMA SHANKARI Changes to voting rules sought, but funds allay concerns of listed companies [SINGAPORE] An increasing number of funds that have money invested in Sin-gapore-listed companies now want to have a say in how the company is run. And their participation,
    762 words
  • MARKETS DIGEST
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.00 INDONESIA 16.511 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 3.00 US 4.00 CANADA 4.00 SWITZERLAND 2.28 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • 44 1 Inesi iam I COMP 890.34 -4.26 IIKKEI225 8,695.51 -113.79 IANG SENG 1 3,939.09 -101.81 ;et INDEX 435.70 -6.61 JAKARTA COMP 1,326.62 -9.94 IANILA COMP 1,948.72 +0.50 ;eoulcomp 1,123.86 -4.87 iHENZHENB 243.89 +1.97 IUMBAI IND 9,536.33 -303.36 11AM EST Chant )0W 8,384.92 -309.04 IASDAQ
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    • 45 1 IS$ (S$ ier US$) 1.502 (US$/S$ per 1.542 2.316 :uro (USS/SS/E) 1.260 1.891 Foreign currency per US$ S$ 'EN 98.00 65.30 3.588 2.389 N<$ 7.752 5.162 !AHT 34.98 23.29 CUPIAH 11,550 7,691 CENMINBI 6.829 4.547 INDIAN RUPEE 48.65 32.39 1.507 1.004 IZ$ 1.731 1.153
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 32 1 MALAYSIA THE BizlT INTERVIEW BizlT OIL PRICES KL relaxes 30% STMicroelectronics >, Murky outlook for Down 2.5% at bumi equity rule sees silver lining *> PC microprocessors 20-month low PAG" <w^r -A«19 PAGE15 JmSSaSa
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    • 18 1 Stephen Roach on what f _jk the bruised and battered HI J 3 world needs page 20 M\
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 82 2 MORE and more funds with money sunk into Singapore-listed companies want to have a say in how the company is run. For a start, more fund managers would like to attend annual general meetings and extraordinary general meetings. But right now, they
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      • 63 2 SINGAPORE Telecommunications' quarterly profit may have skidded to a three-year low, but it will look to redeployment instead of retrenchments to cut operating costs. The group yesterday reported a 12.1 per cent fall in net profit to $868 million for its
        63 words
      • 48 2 THE Malaysian government yesterday relaxed the 30 per cent bumiputra equity ownership for companies wanting to be listed but have yet to fulfil the quota. Deputy Prime Minister Najib Razak said the relaxation would take effect immediately. TOP STORIES, PAGE 2
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      • 71 2 THE government does not plan to fund the Marina Bay Sands project if casino operator Las Vegas Sands runs into financial problems, a trade minister said yesterday. "There's been no request for a government bailout from Marina Bay Sands and neither does
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      • 64 2 "IRRATIONAL pessimism" is ruling Asian equity markets even though valuations are at record lows and inflation is poised to fall, said Morgan Stanley's Asia-Pacific regional strategist Malcolm Wood yesterday. According to Mr Wood, 11 of 12 valuation metrics at Morgan Stanley have hit bottom
        64 words
      • 75 2 WILMAR International's funding situation remains healthy despite a bank having withdrawn its credit line, the palm-oil group said yesterday as it unveiled a more than doubling in third-quarter net profit. According to Wilmar's chief financial officer Francis Heng, HSH Nordbank pulled its funding
        75 words
      • 48 2 IT looks like the coming months will be a bumpy ride for retailers, as 64 per cent of Singaporean consumers are keen to cut back on discretionary spending over the next year, a study revealed yesterday. SINGAPORE NEWS, PAGE 10
        48 words
      • 49 2 NTT DoCoMo Inc, Japan's biggest mobile phone operator, will buy a stake of about 26 per cent in India's No 6 wireless carrier Tata Teleservices for 260 billion yen (Ss4 billion), Japanese business daily Nikkei reported yesterday. INDIA, PAGE 13
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      • 61 2 CHINA'S mammoth economic stimulus package announced this week is the latest piece of bad news for US Treasury bonds. Bond investors are concerned that China may either trim its huge US Treasuries holdings to pay for the country's US$5B6 billion stimulus package, or
        61 words
    • 367 2 Bernama Move intended to keep capital market competitive and progressive: Najib [KUALA LUMPUR] The government yesterday relaxed the 30 per cent bumiputra equity ownership for companies wanting to be listed but have yet to fulfil the quota. Deputy Prime Minister Najib Razak said
      – Bernama  -  367 words
    • 534 2  -  CONRAD TAN With inflation easing, deflation is a bigger worry now, says chief economist [SINGAPORE] Aggressive government spending worldwide on infrastructure and other public projects is likely to be more effective than broad tax cuts in supporting global economic growth, the World Bank's
      534 words
    • 603 2 Reuters, AP He now favours a second round of capital injection [WASHINGTON] US Treasury Secretary Henry Paulson yesterday said he was backing away from buying troubled mortgage assets using a US$7OO billion bailout fund, instead favouring a second round of capital injections into
      Reuters, AP; AFP  -  603 words
    • 390 3  -  NISHA RAMCHANDANI They clinch title of Motor Sport Facility of the Year worldwide [SINGAPORE] Validating the recent success of Singapore's inaugural street and night Formula One race, the 2008 Singapore Grand Prix and its circuit were awarded the title of Motor
      390 words
    • 486 3  -  JAMIE LEE GLCs, as commercial enterprises, will make their own investment decisions [SINGAPORE] The government does not plan to fund the Marina Bay Sands project if casino operator Las Vegas Sands runs into financial problems, a trade minister said yesterday. "There's been
      486 words
  • Page 2 Advertisements
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      300 words
    • 21 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words

  • Page 3 Advertisements
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  • COMPANY NEWS
    • 369 4  -  EMILYN YAP Valuations at record lows but investors expect larger drops in earnings: Morgan "IRRATIONAL pessimism" is ruling Asian equity markets even though valuations are at record lows and inflation is poised to fall, said Morgan Stanley's Asia-Pacific regional strategist Malcolm Wood yesterday. According to Mr
      BLOOMBERG  -  369 words
    • 382 4  -  LYNETTE KHOO [SINGAPORE] Shares of Keppel Land, Venture Corp, Capita Commercial Trust (CCT) and Yanlord Land slumped on news that they will be dropped from the MSCI (Morgan Stanley Capital International) Singapore Index as of the close of Nov 25. No new stocks will be
      382 words
    • 210 4  -  JAMIE LEE THE Singapore Exchange (SGX) said yesterday that it has been engaging listed companies on regulatory compliances over the last few months. This is "in view of the market turbulence and rapidly evolving situations", the bourse said in its online column. The bourse
      210 words
    • 279 4  -  YEN SREENIVASAN MAINBOARD-LISTED Straco Corporation looks set to chalk up another year of record earnings. The owner and operator of Shanghai Ocean Aquarium and other tourist attractions reported a 66 per cent surge in net profit to $5.5 million for the third quarter
      279 words
    • 580 6 Three months ended Sept 2008 Nine months ended Sept 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS (S m) (Sim) CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS (S|m) (S m) CHNG 1 Wilmar Int'l 689.18 278.68 147.3 *****.58 7140.98 66.9 1652.76 494.69 234.1
      580 words
    • 543 6  -  UMA SHANKARI UPMARKET property group SC Global Developments yesterday reported a 121 per cent jump in third-quarter profit to $9.6 million, from $4.3 million a year earlier, despite weaker sales. Revenue fell 15 per cent to $25.5 miUion, from $30 million in Q3
      543 words
    • 517 6  -  EMILYN YAP A bank said to have withdrawn credit line due to exit from commodity financing WILMAR International's funding situation remains healthy despite a bank having withdrawn its credit line, the palm-oil group said yesterday as it unveiled a more than doubling in
      517 words
    • 452 6  -  KALPANA RASHIWALA MALAYSIAN tycoon Robert Kuok's Singapore-listed property unit Allgreen Properties posted a 10.9 per cent year-on-year decline in third-quarter net earnings to $31.2 million. Revenue fell 8.2 per cent to $113.4 million over the same
      452 words
    • 364 6  -  CHEN HUIFEN THE absence of exceptional gains have led Parkway Holdings to post lower net earnings of $10.2 million for the third quarter ended Sept 30, 2008, down from $224.6 million for the year-ago period. The big profit difference stemmed from
      364 words
    • 352 7  -  ARTHUR SIM Tenant has placed security deposit of 11.4 months rent, it says ASCENDAS-REIT (A-Reit) has come out to reassure investors that its tenants are not in breach of rental obligations. Reit manager Ascendas Funds Management said yesterday that tenant TT International placed a
      352 words
    • COMPANY BRIEFS
      • 60 7 OVERSEAS Union Enterprise (OUE)'s net profit plunged 97.3 per cent to $9.97 million in Q3 2008 from $368.74 million in Q3 2007, which was boosted by fair-value gains totalling $292.9 million on investment properties of OUE Group and its associated company OUB
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      • 117 7 Bloomberg GOLDEN Agri-Resources Ltd, a unit of Indonesia's largest oil-palm grower, reported third-quarter profit rose at the slowest pace in a year as prices slid. Net income climbed 56 per cent to US$224 million, or 2 cents a share, from US$l44 million, or
        – Bloomberg  -  117 words
      • 72 7 half-year KHONG Guan Flour Milling Limited said in a profit guidance that the group has incurred an unaudited loss for the half year ended October 2008. This was despite profit contributions for its Malaysian operations having continued to improve satisfactorily. The group's results
        72 words
      • 103 7 SECOND Chance Properties said net profit for its financial first quarter ended Sept 30, 2008, slipped 2.8 per cent to $5.36 million due to the unrealised gains recognised on fair valuation of the marketable securities a year ago. However, revenue grew 22.43 per
        103 words
      • 100 7 VICOM Ltd's third-quarter net profit rose 26.4 per cent to $4.10 million, thanks mainly to its vehicle inspection business as well as its test and inspection services. During Q3, which ended Sept 30, 2008, the vehicle inspection unit of land transport giant ComfortDelGro also
        100 words
      • 70 7 SINGAPORE Airport Terminal Services (SATS) yesterday said it has appointed Lim Chuang as its new finance chief, holding the title of senior vice-president (finance). The appointment takes effect on Nov 17. Lim Chuang, 53, will oversee finance, treasury, risk management, investor relations and lean management
        70 words
    • 235 7  -  LYNETTE KHOO FERROCHINA says that Ernst Young Solutions has decided to step down as its financial adviser after producing a restructuring plan for the group. FerroChina has therefore engaged KordaMenthaNeo, a corporate recovery and restructuring firm, to help negotiate with creditors and develop solutions to
      235 words
    • 500 7  -  CONRAD TAN MACQUARIE International Infrastructure Fund (MIIF) will cut its dividend and use any surplus cash to repay its debts completely by end-2009 in a bid to shore up its battered share price, its fund manager said yesterday. From now on, MIIF will
      500 words
  • Page 4 Advertisements
    • 692 4 Notice to the Holders of: (i) Minibond Series IS$ Credit-Linked Notes due 2011 and US$ Credit-Linked Notes due 2011 ("Minibond Series 1") (ii) Minibond Series 2 S$ Credit-linked Notes due 2012 and US$ Credit-Linked Notes due 2012 ("Minibond Series 2") (iii) Minibond Series 3 S$ Credit-Linked Notes due 2012, US$
      692 words
    • 13 4 Secured Direct Investment In Oil And Gas Projects www.project-participation.com Eastern Petroleum Sdn Bhd
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  • Page 5 Advertisements
    • 274 5 Amidst the lush greenery, the morning air is filled with birdsong just the right moment for an invigorating jog amidst a landscape filled with botanical delights, or an evening stroll on the generous swathes of well-trimmed lawns. The Binjai on the Park, so close to nature, yet only minutes to
      274 words


  • Page 7 Advertisements
    • 160 7 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
      160 words

  • SINGAPORE MARKETS
    • 588 8  -  R SIVANITHY STOCKS Local market appears lacking in own ideas; ST Index drops below 1,800 EXPECTATIONS of how Wall Street might perform on Wednesday and movements in Hong Kong's Hang Seng Index yesterday continued to set the direction for a local market that for
      : Bloomberg  -  588 words
    • 98 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 7 6 3 0 0 0 7 6 3 Manufacturing 49 48 60 12 52 50 72 Commerce 18 14 21 19 19 26 )t/Stor/Comms 13 11 11 14 11 12 Finance 14
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    • 117 8 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 19.046 19.046 49.779 49.779 Manufacturing 304.030 27.133 331.163 174.969 733 175.702 Commerce 53.777 5.713 59.490 59.418 712 60.129 Tpt/Stor/Comms 84.002 205 84.207 124.277 40 124.317 Finance 36.861 36.861 219.405 219.405 Construction 11.108 1.539 12.647 723
      117 words
    • 114 8 Stock name Close Cham Capita Land 2.760 -0.240 CapitaMall 1.850 -0.110 CityDev 6.210 -0.040 Cosco Corp 0.880 +0.005 DBS Grp 10.660 -0.360 F&N 3.230 -0.050 Gent Intl 0.395 +0.005 Golden Agri 0.190 -0.005 HK Land 2.360 -0.090 JMH 20.480 -0.080 JSH 10.800 -0.200 JardineC&C 10.300 -0.600
      114 words
    • Article, Illustration
      846 8  -  LYNETTE KHOO Wilmar International Nov 12 close: 552.65 CIMB-GK Research, Nov 12 STRONG results despite weak prices: 9M 2008 core net income (excluding forex gains) of US$964 million accounts for 96 per cent of our FY2OOB forecast and 82 per cent of consensus, beating our expectations. The outperformance
      : Bloomberg  -  846 words
    • 425 8 Reuters CURRENCIES [LONDON] The US dollar shed early losses against the euro and edged up versus the sterling yesterday, as ongoing concerns about the global economy supported the US currency while investors shied away from riskier investments. The euro bounced back against
      Reuters; AFP  -  425 words
    • 4 8 DAILY
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    • 62 8 Nov 12 VALUE CLOSE BT OB/OS 573.00+31.00 BT CADI -*****.00 -49.00 BT 10-day MA -*****.00 +57.00 FTSE ST Mid Cap 368.36 -6.41 FTSE ST Small Cap 305.39 -2.19 FTSE ST All Share 429.66 -5.67 FTSE ST China Top 183.91 -1.66 FTSE ST China 184.22 -0.45 UOB Catalist
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    • 57 8 VOLUME Golden Aqri 129,836,000 Yanqzijianq 48,143,000 China Honqxinq 47,725,000 Capita Land 40,112,000 StraitsAsia 28,942,000 Noble Grp 25,670,000 Synear 22,734,000 SingTel 22,026,000 Cosco Corp 20,948,000 Jade Tech 18,511,000 VALUE(S) CapitaLand 114,086,194 DBS Grp 82,008,460 UOB 62,247,220 SingTel 53,026,452 Wilmar 44,082,450 OCBC Bk 42,250,290 Keppel Corp 33,640,280 StraitsAsia 25,199,385
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    • 108 8 BY CENTS CLOSE UP ICBC Bk5.1%NCPS 100 9020 56.0 0.6 ilA 200 1166 48.0 4.3 ICBCC 5.1%NCPS 100 8440 40.0 0.5 IQB 5.05%NCPS 100 9000 40.0 0.4 reat Eastern 915 15.0 1.7 >in< iTel 10 245 14.0 6.1 •ain irm 490 12.0 1.7 I A 1142 12.0 1.1 Sembawani
      108 words
    • 117 8 CLOSE DOWN 7270-153.1 -1.4 GLD 10US MS India 10US! 750-102.1 -8.3 India Ni 10 860 -68.0 -7.3 Jardine C&C 1030 -60.0 -5.5 Venture Co 503 -56.0 -10.0 Juroni Cement 136 -54.0 -28.. ISMSCI India 100 340 -40.5 -7.4 DBS Gr| 1066 -36.0 -3.3 UOB 1270 -32.0 -2.5 JSH 1080
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    • 82 8 Nov 12 %CHNG CLOSE FRN0V11 YR2008 S$ LOW S$ HIGH USS 1.5056 -0.34 1.5155 1.3457 Euro 1.8906 1.45 2.2064 1.8640 Pounds 2.3131 1.21 2.8431 2.3088 AS 0.9901 1.40 1.3251 0.9068 Yen* 1.5418 -0.48 1.6645 1.2619 Rill liah* 0.***** 2.79 0.***** 0.***** Baht* 4.3054 -0.28 4.4299 4.0190 Peso* 3.0758 -0.14
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  • SINGAPORE NEWS
    • 579 9  -  SIOW LI SEN Trustee asked to tell noteholders by endNov if restructuring is still viable option LEHMAN Minibond investors will have more clarity by the end of this month on their investment, the Monetary Authority of Singapore (MAS) said yesterday. MAS said that
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    • 276 9  -  NOOR AISHA NANYANG Technological University (NTU) has launched a $10 million fund to support entrepreneurship and innovation education in the university. Unveiled yesterday, NTU says the fund will be used to support four key areas of the Master of Science in
      276 words
    • 489 9  -  LEE U-WEN HE may be wrestling with scores of decisions that lie ahead, but the top priority for incoming US President Barack Obama should be recruiting the best team to help him take the country forward. Because if the 47-year-old fumbles in putting together
      BLOOMBERG  -  489 words
    • 382 10  -  NISHA RAMCHANDANI MasterCard consumer confidence index takes a slide IT looks like the coming months will be a bumpy ride for retailers, as 64 per cent of Singaporean consumers are keen to cut back on discretionary spending over the next year, a
      FILE PHOTO  -  382 words
    • 305 10  -  LYNETTE KHOO SINGAPORE'S general insurers enjoyed a 24 per cent rise in gross premium income in all classes to $708.4 million for the three months ended Sept 30. Gross premium income for motor business, the largest single class here, jumped 28 per
      305 words
    • 369 10  -  JAMIE LEE Economic downturn could also hamper the Kyoto Protocol THE credit crunch could delay carbon projects and threaten developed nations' need to meet the Kyoto Protocol's 2012 deadline, said a director of a Japanese non-profit organisation yesterday. "These days, we
      369 words
    • SINGAPORE ROUNDUP
      • 69 10 SINGLE-CHARACTER Domain Names (SCDN) such as www.x.sg will be released across all seven .SG categories, the national registry for domain names, Singapore Network Information Centre, said yesterday. $20,000 is the price of one SCDN and also the starting price for bidding on any SCDN with
        69 words
      • 43 10 THE Life Insurance Association of Singapore yesterday urged insurers to raise the benefits of their integrated shield plans, in tandem with the Ministry of Health's upward adjustment of MediShield premiums for Singaporeans from Dec 1.
        43 words
      • 59 10 THE International Women's Federation of Commerce and Industry (IWFCI) Singapore yesterday announced that it would launch a Business Incubation Programme to encourage and support women entrepreneurs at its one-day Women in Business Conference on Nov 22. The conference costs $60 for
        59 words
      • 63 10 THE not-for-profit Tsao Foundation yesterday launched Voices of Older People (VOP), a series of focus group discussions to engage and empower senior citizens. Reports on 30 discussions on the issue of housing, which were held with over 300 Singaporeans aged 50 and
        63 words
    • 192 10 THE National Council of Churches of Singapore (NCCS) has said that it supports providing "reasonable compensation" to living organ donors, but the compensation must be restricted to the provision of services in governmentfunded hospitals "because of the numerous ethical problems associated with financial compensation".
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  • Page 9 Advertisements
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  • Page 10 Advertisements

  • ECONOMY WATCH
    • 613 11 L ■Reuters [WASHINGTON] The World Bank is now estimating that global trade, the lifeblood of economies, will drop next year for the first time since 1982 due to the global credit strains. "It is our estimate that trade could actually fall,
      L – — ■Reuters  -  613 words
    • 689 11 Reuters [WASHINGTON] As world leaders meet this weekend to shore up the global financial system, one of its original architects says the 64-year-old system is not the problem. Jacques Polak, the last known surviving delegate to the Bretton Woods conference in 1944, said
      Reuters; : G2O, AFP graphics  -  689 words
    • 551 11  -  ANTHONY ROWLEY Talks to expand deal so Seoul can draw on emergency credit from neighbours in Tokyo FINANCE ministers from Japan, China and South Korea will meet in Washington tomorrow to discuss expanding their currency swap arrangements so Seoul can draw
      551 words
    • 676 11 Reuters Firms' plan could reverse spiralling delinquencies [WASHINGTON] The regulator for the two largest US mortgage finance companies on Tuesday unveiled a plan that could cut payments for hundreds of thousands of struggling US homeowners. The plan could thus help reverse a wave of defaults
      – Reuters  -  676 words
  • Page 11 Advertisements
    • 206 11 INVESTMENT TOOLS FOR REAL PROS. Wishing the best of luck to all the players in the 2008 Barclays Singapore Open. Whether on the golf course or in the iShares ETF aims to track a specific world of investments, having the right index, you'll know exactly what strategy can make all
      206 words

  • MALAYSIA/INDONESIA
    • 484 12  -  PAULINE NG Maybank hurt by impairment losses of RM242m at its Pakistan associate in Kuala Lumpur MARRED by its overseas investments, Malayan Banking's first-quarter earnings could presage a bumpy ride for the banking group in a slumping economy. The country's biggest banking group
      FILE PHOTO  -  484 words
    • 471 12 Reuters [JAKARTA] Indonesian coal miner PT Tambang Batubara Bukit Asam may pull out of a consortium that has agreed to buy a stake in Bumi Resources Tbk, the country's biggest coal miner, because of a slump in Bumi's share price, the state enterprises
      Reuters  -  471 words
    • 297 12 Reuters [KUALA LUMPUR] Malaysia's central bank governor Zeti Akhtar Aziz has criticised a decision by Fitch ratings agency to cut the country's credit outlook to "stable", saying the current account surplus would remain strong. Fitch this week cut Malaysia's outlook from "positive" and
      Reuters  -  297 words
    • 289 12 Bloomberg This is due to slowing growth in power demand [KUALA LUMPUR] Malaysia can afford to delay the Bakun hydroelectric project, the country's biggest, because of slower electricity consumption growth, said Leo Moggie, chairman of state-control-led utility Tenaga Nasional Bhd. "We're beginning
      Bloomberg  -  289 words
    • 130 12 Reuters [KUALA LUMPUR] Malaysia's government may ask Telekom Malaysia to trim the costs of a proposed high speed broadband project valued at RM11.31 billion (554.7 billion). "If existing TNB (Tenaga Nasional) infrastructures are suitable, we will ask TM to trim down the project cost,"
      Reuters  -  130 words
  • Page 12 Advertisements
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  • INDIA
    • 536 13 Reuters Banks stay wary of lending but situation seen easing by Q1 [MUMBAI] Indian firms are still finding liquidity conditions tight despite some aggressive moves by policy makers over the past two months, and more steps might be needed to keep credit flowing, senior
      Reuters; AFP  -  536 words
    • 395 13 Reuters Deal will give it a foothold in world's fastest growing cellphone market [TOKYO] NTT DoCoMo Inc, Japan's biggest mobile phone operator, will buy a stake of about 26 per cent in India's Tata Teleservices for 260 billion yen (Ss4 billion),
      Reuters  -  395 words
    • 226 13 AFP [NEW DELHI] India and South Korea have negotiated a free trade agreement that is likely to come into effect next year, a report said. The agreement, concluded after two-and-a-half years of talks, comes as India has been aggressively courting its Asian neighbours
      AFP  -  226 words
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  • GREATER CHINA
    • 637 14 Reuters ANALYSIS Investors worry that Beijng will sell Treasuries holdings or slow purchases [NEW YORK] China's mammoth economic stimulus package announced this week is the latest piece of bad news for US Treasury bonds as the market prepares for a borrowing requirement to
      Reuters  -  637 words
    • 401 14 Bloomberg Domestic demand seen helping growth as exports wane [HONG KONG] China's retail sales rose 22 per cent, close to the fastest pace in nine years, signalling that domestic demand may help the fourth-biggest economy through the worst financial
      Bloomberg; BLOOMBERG  -  401 words
    • 277 14 -AFP [SHANGHAI] Chinese banks are expected to hand out more than 520 billion yuan (*****.7 billion) in new loans in the fourth quarter, according to central bank figures reported by state media yesterday. China's total new yuan loans for the year
      -AFP  -  277 words
    • 300 14 Reuters [SHANGHAI] Chinese game designers, whose clients often include big names such as Sony and Nintendo, are attracting venture capitalists who believe that the multi-billion dollar sector can grow despite the global economic downturn. China does not have a long history of electronic games,
      Reuters  -  300 words
  • Page 14 Advertisements
    • 1812 14 V<27 KTS^T^T^^ Toll free: 1800-289-8822 V IVI I I L V Email: notices@sph.com.sg _L Vh^ -I- -L^^ I' ij www.cats.com.sg IN THE MAnER OF ELLIPSIZ LTD THE COMPANIES ACT'CAP 50 (Company Registration Number: *****8329R) '(SgwSaton'nS a^iamS' (Incorporated in the Republic of Singapore) (in voluntary liquidation) unTIPC nc EVTDAfIDniUADV PEHEDAI UEETIHP
      1,812 words
    • 565 14 A BBAR3 INTHE MATTER OF THE ln the Matter of COMPANIES ACT, CAP. 50 The Companies Act, Cap. 50 AND "n° IN THF MATTFR OF 'n Matter of san™x™™d sembawang ahprud (IN MEMBERS'VOLUNTARY WINDING UP) (Company N0.*****5821R) Co. Reg. No. *****3927 D l ln Members' Voluntary Liquidation] Notice is hereby
      565 words
    • 23 14 Ift 4*®s. I Lianhe Zaobao I I Maker of low-cost I drugs sees. I opportunities in I downturn as more I may self-medicate
      23 words

  • ASIA-PACIFIC/WORLD
    • 683 15 Reuters, Bloomberg Analysts see return to higher savings rates, more focus on diversification [BOSTON] The global financial crisis will reshape the funds management business in terms of competition, government regulation and investors' taste for products, the chief executive of US asset manager Vanguard
      ■ Reuters, Bloomberg  -  683 words
    • 530 15 Reuters Prices could fall to US$5O a barrel in bearish market The price move, also spurred by another slide on stock markets, extended a fall of 5 per cent on Tuesday. Analysts said that the mood in the market was so bearish that prices
      – Reuters; AFP  -  530 words
    • 395 15 Reuters [TOKYO] Japan's greenhouse gas emissions hit a record high in the year that ended in March, the government said yesterday. The development pushes Japan further away from its commitments under the Kyoto Protocol climate pact. The data may raise fresh questions about
      Reuters; REUTERS  -  395 words
    • 400 15 AFP [WASHINGTON] US Presi-dent-elect Barack Obama is sending evaluators to study the sprawling US bureaucracy to help him determine how best to meet his administration's goals when he takes office on Jan 20. Mr Obama's 450-strong transition team will scour more
      AFP  -  400 words
    • 213 15 AP, Bloomberg [BANGKOK] The governor of Bangkok resigned yesterday after an anti-corrup-tion body ruled that a deal to procure fire trucks for the Thai capital from an Austrian company had irregularities. The National Counter Corruption Commission said on Tuesday that Apirak Kosayodhin and ex-governor
      AP, Bloomberg  -  213 words
  • Page 15 Advertisements
    • 155 15 g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 and IN THE MATTER OF FGS INTERNATIONAL PTE. LTD. Company Regn No: *****9286 M (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 09
      155 words
    • 46 15 toblaf THE HEARTBEAT OF THE INDIAN COMMUNITY wm Pick up your FREE copy at Mustafa, Saravanaa Bhavan, White Water Cafe, Singapore Khalsa Association, Singapore Indian Association, Annalakshmi and SIFAS. Call 6319-1800 or e-mail circs@sph.com.sg to get a copy delivered to your doorstep. WB Singapore Press Holdings
      46 words

  • WORLD
    • 787 16 -AP Cutbacks follow a near 15 percent drop in US auto sales in October [NEW YORK] Facing their worst sales in decades, carmakers are cutting spending on auto shows, the industry's traditional custom-er-courtship event. General Motors (GM) has scrapped plans to debut
      -AP; REUTERS; The companies. AP graphic  -  787 words
    • 437 16 Bloomberg [DUBAI] Borse Dubai Ltd, the Gulf emirate's stateowned operator of exchanges, is in talks to refinance US$4.2 billion of loans at interest rates tied to the price of credit-default swaps, raising the cost of the debt, said three bankers with knowledge of
      Bloomberg  -  437 words
    • 366 16 AFP Pressure is increased by Obama's victory as he is known for hard line on fiscal evasion [ZURICH] Switzerland is likely to come under further pressure from the United States over its prized system of banking secrecy after the election last week of Barack
      AFP  -  366 words
    • 694 16 AP, Bloomberg [NEW YORK] House Speaker Nancy Pelosi has thrown her support behind the premise that General Motors is too big to be allowed to fail. In urging Congress to enact emergency aid for the ailing car industry, Ms Pelosi rejected calls
      AP, Bloomberg  -  694 words
    • 362 16 AP [WASHINGTON] The head of the US federal agency that oversees commodities trading wants to replace it and the Securities and Exchange Commission (SEC) with three new regulators to better deal with an increasingly complex financial system. "I believe the United
      AP  -  362 words

  • AVIATION
    • 594 17 Reuters It wants to take advantage of its low debt burden and rising opportunities [BEIJING] Aircraft leasing firm Genesis Lease Ltd yesterday said that it would "very likely" buy US$l.4 billion of mostly newer narrow-body aircraft in the next 12 months, taking advantage
      Reuters  -  594 words
    • 278 17 AFP Jump in passengers sharply lower than capacity increase [HONG KONG] Cathay Pacific yesterday reported that an increase in passengers for October was much lower than its increase in capacity during the month, normally a busy period for corporate travel. The airline said in a
      AFP  -  278 words
    • 391 17 Bloomberg [SHANGHAI] China plans to help its unprofitable airlines by lowering domestic fuel prices before the end of the year after oil prices tumbled 60 per cent. The National Development and Reform Commission (NDRC), China's top planning agency, is reviewing a proposed
      Bloomberg  -  391 words
    • 2529 17 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 (BAV\ Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA Airways
      2,529 words
    • 539 17 ■NYT [LONDON] When the first Open Skies jet took off in June from Paris for New York, the new airline was doing more than taking advantage of recently relaxed rules for flying across the Atlantic. Its owner, British Airways (BA), was trying
      ■NYT  -  539 words
    • 213 17 Bloomberg [SHANGHAI] Chinese airlines will make more use of aircraft leasing because their high debt levels and the global credit crunch are deterring banks from lending them money, the nation's aviation regulator said. "The economic slowdown makes it difficult for airlines to get
      – Bloomberg  -  213 words
  • Page 17 Miscellaneous
    • 338 17 CRYPTIC CROSSWORD 1 This young woman's rejection __^J__^J__ L J__^J__^J__^J__ makes man angry (6) 111 4 Precise bill put before a junior g 9ls of one mind about grease I ln I I 12 Chap to embrace with love BB PB BB BB BB B^^^^H^^_ 13 Music of the Depression?
      338 words

  • SHIPPING
    • 607 18 Bloomberg Venezuelan fuel oil trades at a lower premium than oil imports from Spore [TOKYO] China may double sales of bonded marine fuel to ships sailing overseas within two years, thanks to plentiful, low-cost supplies from Venezuela, a trader said. Sales
      Bloomberg  -  607 words
    • 549 18 Bloomberg [HELSINKI] Cargotec Oyj, the world's biggest maker of container-lifting gear, forecast falling orders and increasing cancellations at its ship-equipment division as the financial crisis hurts new vessel demand, according to chief executive officer Mikael Maekinen. "We're analysing worstcase scenarios at minus 20
      Bloomberg  -  549 words
    • 307 18 Rio Tinto pushing ahead with US$3 15m order of ships Bloomberg [MELBOURNE] Rio Tinto Group, the world's secondlargest iron ore supplier, said that the global slowdown in demand won't hinder its US$3l5 million purchase of three ships. "The very large ore carriers we have on order will deliver from late
      Bloomberg; BLOOMBERG  -  307 words
    • 147 18 Reuters [BERLIN] German investor Klaus-Michael Kuehne, who acquired a major holding in shipping group Hapag-Lloyd, said on Nov 11 he had no plans to sell a stake in the firm to Danish rival Maersk Line. Maersk Line chief executive officer Eivind Kolding told a
      Reuters  -  147 words
    • 326 18 Bloomberg Slump follows disclosure of loan repayment hitch [NEW YORK] DrySMps Inc, a transporter of commodities including iron ore and coal, fell 21 per cent, declining for the fourth straight day after saying that it may not be able to pay off its loans
      Bloomberg  -  326 words
    • 205 18 Bloomberg [LONDON] The slump in shipping has at least two more years to go as the global fleet expands and a slowing world economy saps demand for everything from iron ore to consumer goods, the largest shipping hedge fund group
      Bloomberg  -  205 words
    • TRANSPORT STOCKS
      • 103 18 '000 lov CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.30 0.21 0.88 0.35 0.72 0.52 ....unch
        103 words
      • 35 18 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.58 8.40 8.30 2.35 2.55 0.07 0.09 0.01 0.05 -0.15 0.01 -0.07 -0.01 0.02 51 66! 306; 501 12! 21
        35 words
      • 12 18 '00 'recious Ship Regional Cont 10.10 6.15 -0.10 -0.10 378' 71!
        12 words
      • 14 18 '000 IOV12 HK$ Vol Doil iingamas Cont .15.50 ...0.62 -1.74 -0.08 2815 1212
        14 words
      • 20 18 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.50 13.75 unch unch unch -0.50 unch unch 57! 10;
        20 words
      • 22 18 Evergreen Marine ...17.25 :irst Steamship 33.40 Wan Hai Lines 14.70 fang Ming Marine...10.80 unch -1.50 -0.55 0.20 i i i 2'
        22 words
      • 39 18 '000 lov 'en :awasaki Hvy Ind ..211.00 7.00 3255: :awasaki Kisen 381.00 -22.00 906! /litsubishi Hvy 381.00 7.00 ***** /litsui Eng&Sbldg...142.00 -2.00 1121! /litsui Osk Lines 493.00 -17.00 3634: lippon Express 401.00 2.00 229: lipponYusen 481.00 -12.00 9961
        39 words
  • Page 18 Advertisements
    • 81 18 STEERING TRUE FOR RELIABILITY Around the world, rapidly expanding markets in China, India, and Brazil are fueling new growth in the global economy. At the MOL Group, we're working to sustain that growth, and steering true for higher reliability and service quality with an expanding fleet of over 100 high-capacity,
      81 words

  • BizIT
    • 764 19 Economic uncertainty prompting IDC to lower 2009 growth forecast, reports AMIT ROY CHOUDHURY DESPITE a stellar third quarter, the PC microprocessor market outlook remains murky in the last quarter of this year and the whole of 2009, according to an analyst with IDC. Speaking
      764 words
    • 391 19  -  ONG BOON KIAT By FOR the third time, the Infocomm Development Authority of Singapore (IDA) has pushed back the closing dates for submission of bids for firms seeking to become the Operating Company (OpCo) of the Next Generation National Broadband Network (Next
      391 words
    • 731 19  -  WINSTON CHAI THE BIZIT INTERVIEW WHILE others are fighting tooth and nail to get through the global financial calamity, European semiconductor giant STMicroelectronics is instead heaving a sigh of relief. After years of battling currency volatility, the onset of a global recession has
      ARTHUR LEE  -  731 words
    • 269 19 LAT-WP [SAN FRANCISCO] Microsoft, a distant third in the search market, has inked a distribution deal with a former foe in a bid to increase its share of search traffic. US Web surfers who are downloading Sun Microsystems' Java software
      LAT-WP  -  269 words
  • Page 19 Advertisements
    • 35 19 *WHijTili]liTsilft]il liT«l9ilc]ciH TiEwSiulC^l 11 I IfSl j fti IB 11 Til B FSI t^SKWifS I t»Mtl Ktfil 1181 Call 6-531 3700 now for the ACCPAC Specialists Stone Forest IT www.StoneForestlT.com.sg SAGE ACCPAC Trusted By Accountants
      35 words
  • Page 19 Miscellaneous

  • EDITORIAL & OPINION
    • 521 20 SINGAPORE'S already modest interest rates, as reflected in the key three-month interbank rate, have fallen further to a four-year low of 0.88 per cent, placing savers and investors in a quandary. In a normal environment, a negative real interest rate should be
      521 words
    • 1274 20  -  STEPHEN ROACH Tough choices must be made by tough leaders to get the world out of its economic morass IN THE depths of any crisis, human nature becomes acutely defensive and basic survival instincts take over. Such is the case with
      REUTERS  -  1,274 words
    • 765 20  -  ANTHONY ROWLEY THE BOTTOM LINE GREAT expectations will accompany the political leaders ofthe G-20 group of advanced and emerging economies as they arrive in Washington at the weekend for their summit on the global financial and economic crisis. These expectations are in
      765 words
    • 1209 21  -  M SHAHIDUL ISLAM New US president's policies will probably be a mixed bag for the region some with positive effects, some negative ITH Barack Obama's victory and the Democrats controlling both chambers of the legislature, the United States is poised for changes in its economic
      AFP  -  1,209 words
    • 1235 21  -  MICHAEL LEWIS IT MAY still take awhile before Wall Street finally accepts that it won't get paid. At the moment, as their bony fingers fondle the new taxpayer loot, the firms appear to believe that they might still fool the public
      1,235 words
    • 343 21  -  Bernard Ong LETTER TO THE EDITOR I REFER to the media reports on the retrenchment exercise by DBS Bank. I remember that during the last bad recession of 2001-2002, the government and union leaders had worked very hard to push through several proposals to
      343 words


  • SINGAPORE STOCKS
    • 8847 22 Transaction date: Nov 12 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil 13 3 3148 8Telecom 19 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 1? 5000 ABR Hldgs
      8,847 words
    • 1862 23 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
      1,862 words
    • 75 23 52-Wk Tel Hiqh Low Code Last Sale Vol fOOO) Day Ih Low Last Quote Div GrYld Net MCap Buyer Seller C'vr P/E $mil Comi J!i! ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 IS S&P500 ***** ***** 6170 SPDRS 385
      75 words
    • 74 23 52-Wk Tel High Low Code Last Sale Vol Cooo) Day Last Quote |h Low Buyer Seller Div GrYld C'vr Net MCap P/E Sinil Comi >an' Hii 112 42 6000 AVJennings 20.5 4 6134 Over&Gen 39 6 6017 StarCruises 283 115 6019 TanChonglnt A49 A8 US8 HK125 unch unch
      74 words
    • 8897 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.456/ AIGIF S'pore Bond Fund/^- 1.268/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.59/ APS Alpha Fund (USD)!** 0.39/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6272/ APS Komaba Global
      8,897 words
  • Page 22 Advertisements
    • 2931 22 52-wks Tel Last Vol Dav Last Quote Div Gr Yld Net MCap High Low Code Company Sale ('000) High L ow Buyer Seller C'vr P/E $mil 101 72 5368 FinaOne ....24 -1 220 24 24 23.5 24 3" 197 78.5 19 /SC* First REIT 40 -1 261 41 40 39.5
      2,931 words


  • FINANCE & COMMODITIES
    • 371 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov 11 World Index Preliminary 680.9 -3.4 -39.8 -2.7 -40.5 -4.0 -43.2 t EAFE Prel liminai 662.9 -4.0 -40.8 -3.9 -44.3 -5.2 -46.1 Euro[ Preliminary 921.6 -4.2 -40.3 -4.8 -47.6 -6.0 -49.9
      371 words
    • 130 24 As at 9am NovU Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9820 1.0240 .an dollar 1.2420 1.2570 Euro 1.8790 1.9010 NZ dollar 0.8570 0.8760 iterlini ind 2.3080 2.3351 US dollar 1.4980 1.5150 Local dollars to 100 units of foreign currency:
      130 words
    • 170 24 Novl2 fer Bii Overnight 1-month 2-months 3-months Overnight mode: 3/4 ys$ 7/8 11/16 3/4 7/8 Offer 5/8 7/16 1/2 5/8 Bid 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 1.00 1.80 2.65 2.70 3.00 3.10 3.25 Offer 0.50 1.30 2.15 2.20 2.50
      170 words
    • 21 24 NovU STI SIMSCI Nov 216 221.2 216.4 Taiwan Nov 170.9 177 174.9 Source: MF Global (S) He. Ltd
      21 words
    • 23 24 Novl2 S$ Bid Offer 1-month 1.5003 1.5020 2 months 1.4986 1.5003 3 months 1.4961 1.4983 6-months 1.4901 1.4923 Source: OCBC
      23 words
    • 61 24 Nov 12 Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low Nov08 1400 Dec 08 1554 Jan 09 1542 Feb 09 1550 Total o/p: ***** contracts 1528 1500 1400 1532 1554 1500 1539 1563 1505 1543 1565 1510 Turnover: 8207 lots Market tone:
      61 words
    • 296 24 Novl2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 98.1550 98.2650 98.1750 98.0150 7702 9430 4099 3223 EUROYEN TIBOR FUTURES DecO8 99.235 99.235 MarO9 99.315 99.315 JunO9 99.380 99.380 SepO9 DecO9 Mar10 Jun10 Sep10 99.235 99.310 99.380 99.225 99.310 99.350 99.305 99.270 99.160
      296 words
    • 192 24 Nov 12 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Dec 08 182.0 Jan 09 180.0 Feb 09 180.0 Mar 09 181.0 Apr 09 May 09 182.0 180.0 180.0 181.0 182.0 180.0 180.0 181.0 183.5 183.5 1 22 22
      192 words
    • 89 24 Nov 12 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****V 12.02.09 1-Year BY*****V 02.11.09 0.52 0.80 0.43 0.43 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NYO31OOA 4.000 15-Year
      89 words
    • 102 24 Novii (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov08 908.00 940.00 909.00 893.00 Jan 09 916.00 948.00 923.00 898.00 Mar 09 924.50 957.25 930.00 909.00 May 09 934.25 967.25 939.00 925.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 33.73 35.38 34.10 33.00 Jan 09
      102 words
    • 78 24 CRUDE OIL PRODUCTS Novii UDE (FOB origin) US! t /barrel Close Cham Brent blend (1-Mth F) 57.24 -2.37 WTI (Near Mth) 59.33 -3.21 Dubai (1-Mth F) 54.29 -3.23 Tapis blend 59.35 -2.85 Minas 57.35 -2.75 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 32.45 79.15 unch -2.25 US$/barrel Opec
      78 words
    • 462 24 Nov 12 Rm Euro HK! In Rs Ru Yen Won RM NZ! Pal Rs Peso Ram NT! Bal it Pound us: lustralia 0.797 4.530 0.527 5.143 32.274 76.628 0.650 9.020 2.380 1.149 53.391 32.476 0.996 6.828 0.786 21.885 23.204 0.430 0.663 Canada 1.255 5.687 0.661 6.456 40.512
      462 words
    • 74 24 NovU 1 mth 1.***** 0.***** 2 mths 2.***** 0.***** 3 mths 2.***** 0.***** mths 2.***** 1.***** mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** I [[III IS I I D I /O I mths 1.***** 2 mths
      74 words
    • 157 24 Nov 12 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9957 0.9969 0.6633 0.6636 Canadian dollar 1.2499 1.2514 0.8326 0.8330 Euro 1.8903 1.8924 1.2593 1.2597 NZ dollar 0.8667 0.8682 0.5774 0.5779 Sterlini 2.3145 2.3170 1.5419 1.542: US
      157 words
    • 136 24 Nov 12 GOLD (USS/oz) Nov12 Nov11 Hong Kong London 737.40 746.10 738.40 747.10 Nov11 NoviO 728.50 749.70 730.50 751.70 Source: Thomson Reuters CAST BAR (S$) Nov12 Buying Sellini Kilobar "38,523.21" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS
      136 words
    • 69 24 Novll\ minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 1892.50 3 months 1948.00 1929.20 1985.00 Copper, Grade A (US$/tonne) Cash 3 months 3602.00 3640.00 3844.00 3875.00 Lead (US$/tonne) Cash 1268.00 3 months 1280.00 1339.00 1350.00 Nickel (US$/tonne) Cash 3 months *****.00 1153.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 68 24 Novli\ (£/tonne) Close Prev Hii ih/Low Dec 08 1300 1290 1307/1279 Mar 09 1306 1302 1320/1288 May 09 1313 1310 1325/1299 JulO9 1324 1320 1330/1308 COFFEE (US$/tonne) Close Pev High/Low Nov08 1815 1763 1819/1786 Jan 09 1840 1800 1865/1765 SUGAR (US tonne) White Close Prev High/Low Dec 08 325.0
      68 words
    • 2950 24 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 )092 Asia Environment W*****4 6.5 1481 Asia Water Tech Ltd W*****0.. 18.5 S816# Asiasons Capital Ltd W*****7 4 S756#AsiaticGrp(H) LtdW*****2 9.5 H05#Asiatravel
      2,950 words

  • Page 25 Advertisements
    • 3576 25 The Business Times Shipping Times A KPN JE3SBS SCS SHff 1 1 WAN HAI INTERNATIONAL PTE LTD cr NO: **********0/R LZI W M IB MW^m^KMJff IjiH \\\M\ WAN HAI lINF^ C^."«\l,"fe/BlokiigPDi,e< F|^ne *****10t*****200 ■J I I LV^X^."!- I I JjJjlgJJjJ **********8 HEBE I V V IVHII I IHI LIIILJ PKLUL:
      3,576 words

  • Page 26 Advertisements
    • 3053 26 r^^^^^^^^^^^^^^^^^fln E EASTERN CAR LINER, LTD I l^^ffiBQDnjM 1L_^^__1 SPECIALIZE IN RORO& HEAVY LIFT UPTO 450 TONS B^^S BjjiillMilllliiilB BB^^B^B^ H^ BBQ^^^^^^^ l Bf^^ B2 l BBB^BB^B^BB^B^^ B3 wsjMMJSMmwuummwz^ i <-»> m !Mum PSL SERVICE Connecting AMX Service via P.KLANG Connecting ECL Svc via MALTA GENIUS MARINER 20 30 16/11
      3,053 words

  • Page 27 Advertisements
    • 3039 27 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
      3,039 words

  • PROPERTY
    • 531 28 Reuters Firm's adjusted diluted NAY dives 20.7% to 1,552 pence at Sept 30; says Trillium sale still being evaluated [LONDON] Unprecedented financial market turmoil has derailed Land Securities' plans for a radical three-way demerger of its business, Britain's largest property firm said as
      ■ Reuters; BLOOMBERG FILE PHOTO  -  531 words
    • 363 28 Bloomberg More banks may move to emerging financial hub [MUMBAI] Standard Chartered, the UK bank that gets most of its profit in Asia, said it acquired 147,000 square feet (13,657 square metres) of office space in Mumbai's emerging business district of Bandra-Kurla as it
      Bloomberg  -  363 words
    • 104 28 Bloomberg [LONDON] The advertised price of villas in Dubai dropped 19 per cent between September and October after banks reduced loan-to-value ratios, HSBC Holdings pic said in a report yesterday. Dubai property prices, including villas and apartments, fell 4 per cent in
      Bloomberg  -  104 words
    • 1087 28 ■NYT [NEW YORK] Retail centres in New Jersey home to more malls per square mile than any other state appear to be uniformly braced for a hard holiday season to come. But those in the midst of opening or upgrading
      ■NYT; BLOOMBERG  -  1,087 words
    • 406 29 LAT-WP [WASHINGTON] If you live in a neighbourhood that has a homeowners association, brace yourself. Neighbours losing their homes to foreclosure and short sales not only are dragging down your property values but also are setting you up for
      LAT-WP  -  406 words
    • 676 29 Bloomberg Move comes after Q3 loss turns out to be bigger than estimated on goodwill writedown [MUNICH] Hypo Real Estate Holding AG, the German property lender bailed out last month, said it will seek additional rescue funds after a bigger-than-estimated third-quarter loss on goodwill
      ■ Bloomberg; AFP FILE PHOTO  -  676 words
    • 365 29 Bloomberg Property mgt group DBSI lists debt of over USs4oBm [WILMINGTON, Delaware] DBSI Inc, a real-estate management company, along with 146 affiliates, sought bankruptcy protection from creditors after it was unable to obtain new sources of funding. The Meridian, Ida-ho-based company listed debt and assets
      Bloomberg  -  365 words
    • 572 30 Bloomberg Property broker scraps private offer to raise USs4oom, will sell shares to the public instead [NEW YORK] Shares of CB Richard Ellis Group Inc, the world's largest commercial property broker, fell the most in four years after abandoning plans to raise
      Bloomberg  -  572 words
    • 316 30 Bloomberg Home values slide 9.7% in third quarter, the seventh consecutive decline [SAN FRANCISCO] One-third of US homeowners who sold their property in the 12 months through September lost money as foreclosures depressed prices and more Americans became unemployed in a weakening
      Bloomberg; I AFP FILE PHOTO  -  316 words
  • Page 28 Advertisements
    • 130 28 408 1195sqft Own Entrance \^5ZZZ r^y\l Newly Renovated 1 I T 1 I Panoramic Sea City View 11 I I Outside CBD II I II Facing Nicoll Highway MRT W Short Walk to Lavender MRT (ICA) FaB—JJaS^n Window Unit High Floor Central Air-Con Lighting f X^ Carpeted Bare Fitted vHt§^
      130 words

  • Page 29 Advertisements
    • 106 29 Use less space with a highly efficient floor plate Plot 4A International Business Park, Singapore [IJ«l;lUiTTl Expected TOP in Q4 2009 Excellent corporate profile I Private lobby for full floor tenants I Conducive workplace environment I Lush designer landscape grounds Latest business park office specifications High 3m to 4.5 m
      106 words
    • 46 29 Hi-Tech Space For Lease Brand new 6-storey high- Ample basement carparking tech building, with modern Off Alexandra Road and corporate fagade near AYE 16,000 sq ft per floor with Minutes walk to Redhill Showroom on the 1 st floor MRT Station For enquiries: Ojj I OuuO
      46 words

  • Page 30 Advertisements
    • 599 30 1 A M fl fttll PPtV9 Pt^bV^PWTCRI *ll I broughtt>yajbySFHNeviMe*>PteL.td /1110 HOW TO ZAP: Download software by SMS-ing the word "zap" to *****. Zap the H §I!|JR|8WI;: ■^^^^^B VoivV^^rr^^TT^rw^^TrT^l Owl V lIIV^ colour code found in the Savills advertisement. GPRS data traffic charges apply. -^^Hl og -*-'Fmtf^ftHJr Cain 800-354-4868 (office
      599 words