The Business Times, 24 November 2008

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Total Pages: 52
1 52 The Business Times
  • 18 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •m* a Singapore press holdings publication coregnnoi9B4o2B6Be mica(p)l97/08/2008 Monday, November 24,2008
    18 words
  • 637 1 Bloomberg, NYT Federal Reserve and US Treasury may create a special vehicle to purchase bad assets from Citi [NEW YORK] The US government may step in to rescue Citigroup Inc after a crisis in confidence erased half the bank's stock market value in three days,
    – Bloomberg, NYT  -  637 words
  • 94 1 BELEAGUERED banking giant Citigroup has taken the unprecedented step of placing full-page advertisements in key newspapers around the world to assure its depositors and clients that it remains resilient in the face of the global financial crisis. In the advertisement headlined "Proud History. Secure Future," Citi says:
    94 words
  • 673 1  -  LEE U-WEN By in Lima, Peru LEADERS from the Asia-Pa-cific and the Americas have vowed not to impose any trade or investment barriers over the next 12 months at least, regardless of how severe the global financial crisis becomes. The
    673 words
  • MARKETS DIGEST
    • 54 1 Weekly 1,662.10 lange -97.04 iT Index I COMP 866.88 -14.77 MKKEI 225 7,910.79 -551.60 LANG SENG 12,659.20 -883.46 ;et INDEX 397.51 -32.46 JAKARTA COMP 1,146.28 -118.10 IANILACOMP 1,765.90 -212.15 ;eoulcomp 1,003.73 -84.53 ;henzhen B 248.09 -4.92 IUMBAI IND 8,915.21 -470.21 )OW 8,046.42 -450.89 IASDAQ 1,384.35 -132.50 ;&P 500 800.03
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    • 30 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.00 INDONESIA 16.478 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 3.00 US 4.00 CANADA 4.00 SWITZERLAND 2.27 INDIA 13.00 Source: t
      Bloomberg  -  30 words
    • 45 1 USS (S$ USS) 1.533 (USS/SS IL 1.483 2.272 EURO (US$,S$/E) Foreign currency 1.252 r US$ 1.919 S$ YEN 95.10 62.00 RM 3.622 2.363 HK$ 7.750 5.057 BAHT 35.23 22.98 RUPIAH 12,150 7,927 RENMINBI 6.835 4.459 INDIAN RUPEE 50.17 32.73 1.600 1.044 NZ$ 1.874 1.223
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  • Page 1 Miscellaneous
    • 81 1 COMPANIES POWER LUNCH >|p DISTRESS SALES BizlT Brokers pare forecasts, An introverted, «^i Green projects Microsoft woos ratings further intuitive food lover not spared Spore start-ups PAGE 5 PAGE 17 S <\ PAGE 12 PAGE 32 HI iH9^l 1 Ammm'wm f^^mmlf^m. X--' ffitJl^l IN! s i >^BL bs /s> E^mmmm
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 86 2 THE US government may step in to rescue Citigroup Inc after a crisis in confidence erased half the bank's stock market value in three days, according to investors and analysts. Citigroup's US$2 trillion of assets dwarfs companies such as American International Group
        86 words
      • 75 2 LEADERS from Asia and the Americas have vowed not to impose any trade or investment barriers over the next 12 months at least, regardless of how severe the global financial crisis becomes. The 21 Asia-Pacific Economic Cooperation leaders all pledged to
        75 words
      • 79 2 PROJECTS planned by provincial governments will add 10 trillion yuan to the value of China's economic stimulus package, state television said yesterday, even as the country's premier called on businesses to keep up their confidence. This follows the central government's announcement earlier this
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      • 63 2 SINGAPORE investors dumped a net US$lO billion of US stocks on Wall Street in the third quarter. It was the largest sell-off by local investors in US stocks just before the great stock market crash triggered by Lehman's bankruptcy and it's not
        63 words
      • 65 2 EARNINGS forecasts and ratings for Singapore companies, as well as STI targets have been further marked down by several brokerages, following the weak third-quarter results out so far. Analysts warn that earnings downgrades are expected to continue for the next few
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      • 71 2 MOVES to get emergency funds flowing to Asian economies hit by balance of payments problems in the current financial crisis are expected to receive a boost on Wednesday when finance ministry and central bank officials from Japan, China and South Korea meet
        71 words
      • 54 2 DESPITE the sombre times, there could still be some Christmas joy for British consumers. British Chancellor Alistair Darling is expected to unveil a series of tax cuts today in a pre-budget report to provide a temporary stimulus for the slowing UK
        54 words
      • 72 2 GERMAN software company SAP's Asia-Pacific unit is quietly confident of riding out the global economic storm, especially with its continued focus on value creation for its customers paying off. Besides, SAP's key markets, including China and India, continued to perform strongly,
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    • 530 2 Programmes planned by local governments will contribute 10tyuan [BEIJING] Projects planned by provincial governments will add an additional 10 trillion yuan (552.2 trillion) to the value of China's economic stimulus package, state television said yesterday, even as the country's premier called on
      Reuters  -  530 words
    • 728 2  -  ROB COX By A HALF-CENTURY ago, the bank today known as Citigroup merged with a rival and changed its name to the First National City Bank of New York. With its next big deal, it may need to consider renaming itself the First Nationalised City Bank.
      REUTERS  -  728 words
    • 664 4  -  CHUANG PECK MING USslo.3b sold in Q3, by far the largest sell-off among foreign investors By [SINGAPORE] It was the biggest sell-off on Wall Street. And we are not talking of the massive dumping of stocks in the aftermath of Lehman Brothers'
      AFP  -  664 words
    • 998 4  -  ANDREW MARKS WALL STREET INSIGHT Players take a break but remain nervous due to uncertainty By in New York WALL Street could use a quiet week for a change of pace, as exhausted traders and money managers look to catch their breaths after
      998 words
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    • 98 2 Agriculture USD BBWWfWfr^Tl^^^B Rl': C 1 Jl. 6.7* SOD Booster Capital Guaranteed Fund SQD IriD OIUM IQ.CgSGO GEMSTONE CLEARANCE HBHHEfIBHBSHiI Croci Alpha Pairs Sectors USD RIC-B 17/11/08 8.22 USD SA I M^k Croci Alpha Pairs Sectors USD k Double Joy Capital Guaranteed Fund (It I IrlD^^^l^lWB9^USD{ ii I -i 3|te^%
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    • 131 3 Vw▼▼▼ x ~A A A A .A A A A AAIII j/V INJI 1 SHlFT_the way you move LnissanJ Authorised Dealers: Auto Mega Trading Re Ltd 300 Tampines Avenue 5, #01 -01, NTUC Income Tampines > J^ j Chona Motor Sales Pte Ltd Showrooms: Junction. Tel: 6787 2882 Hong Heng
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    • 239 4 Crislina Azuma HIII ij I X/^H I! tA^fc'iTa if il vl FRANCE: The Repertory .^^^B^^ ii'^ttitr W^t^_ .j /^B theaPAjS^ y A raucous cowedi)/ CViristvwaS cocttftil of iwtvi<gue, v secrets And a spUsVi of ro^^ce. JlltllVlinllllllil \F |v a IlllcllldUUlldl 11 liMt >^!lf Guitar Festival 2008 (Singapore) EutJK^ 4th International
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  • Page 5 Advertisements
    • 259 5 I v y DBS congratulates all winners of the Enterprise 50 Awards 2008 Franklin Offshore Holdings Pte Ltd Besta Digitech Pte Ltd iFAST Corporation Pte Ltd Gracezone Marketing Pte Ltd Tru-Marine Pte Ltd FotoHub Holdings Pte Ltd Greenpac (S) Pte Ltd Specvision Holdings Pte Ltd Farlin Timbers Pte Ltd Silicon
      259 words

  • SINGAPORE MARKETS
    • 690 6  -  R SIVANITHY STOCKS FIVE weeks ago in this column ("Hope for the best? Maybe but better to prepare for the worst", BT, Oct 20), we highlighted the fact that many experts had been grossly over-optimistic in over-estimating their powers of analysis while
      690 words
    • 464 6 Bloomberg CURRENCIES [SHANGHAI/SINGAPORE] Asian currencies fell last week, led by South Korea's won and Indonesia's rupiah, as investors fled emerging-market assets to avoid risk from a deepening global economic slump. Nine of the 10 most-active currencies in Asia dropped over the
      – Bloomberg  -  464 words
    • 765 6 Legend: US$; Rmb; HK$; A) As; (ad) Capital; (ag) Dividend/Distribition; (aj) Final Tax Exempt: (ak) Final Tax Exempt [One Tier); (an) First ana Final Tax Exempt (One Tier); (ao) Income; aq) Income Tax Exempt; (as) Interim; (ay) Interim fax Exempt; aw) Interim Tax Exempt (One Tier); (ba) Quarter;
      765 words
    • 322 6 Oil dives below US$50 lowest in nearly 4 years [LONDON] Oil prices collapsed last week to under US$5O, their lowest levels in almost four years, as the market focused on the threat of a global recession and tumbling energy demand. Base metals aluminium and copper also hit their worst levels
      322 words
    • 1564 6 Source: Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlqreen Props )erties 2.58 2.55 12 6.16 6.25 0.73 0.39 .RA Asset Mi 2.00 2.00 2 6.75 5.63 0.81 0.38 irmstrong Industrial 1.50 1.50
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    • 4 6 WEEKLY
      4 words
    • 62 6 Nov 21 VALUE CLOSE IT OB/OS -898.00 -39.OC IT CADI -*****.00 +57.01 IT 10-day MA -*****.00 -90.0' TSE ST Mid Cap 326.12 +5.1 TSE ST Small Cap 275.59 +0.3 TSE ST All Share 396.20 +9.91 TSE ST China Top 162.38 +1.8. TSE ST China 163.85 +1.2 IOB
      62 words
    • 58 6 Golden A< iri 260,088,000 Noble Gr| 216,389,000 StraitsAsia 198,032,000 Cosco Cor| 107,557,000 .ini [Tel 106,370,000 Yam izijiani 100,657,000 China Honi ixini 98,600,000 IndoAi 92,505,000 Ezra 82,666,000 SGX 78,388,000 VALUE($) UOB 420,670,719 DBS Gri 374,128,122 SGX 368,536,690 Sini jTel 257,746,346 OCBC Bk 175,688,740 Noble Gr| 169,902,955 Kei Cor|
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    • 101 6 CLOSE UP 7510 441.2 4.0 LP 10US$ ICBC Bk4.5%NCPS 100 8500 220.0 2.7 ICBCCai 5.1%NCPS 100 8500 40.0 0.5 ;TI2500BNPePW*****7 160 40.0 33.3 ICBC Bk RBePW*****3 175 32.0 22.4 ;TI2350BNPePW*****0 155 32.0 26.0 IOBSGAePW*****1 121 32.0 36.0 ;TI2450 DBePW*****1 151 29.0 23.8 IOBRBePW*****3 94.5 17.5 22.7 IGX RB ePW*****3
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    • 114 6 I I Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 1850-459.6 -14.0 JMH JSH 960-214.5 -12. China H 10US$ 840-122.6 -8. MS India 10US$ 666-121.0 -10.' OCBC Bk5.1%NCPS 100 8960 -90.0 -1.' IS MSCI India 100 288 -76.6 -14.: DBS Gri 960 -74.0
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    • 85 6 Where S! stands Nov 21 %CHNG YR2008 CLOSE FRNOV20 S$ LOW S$ HIGH uss 1.5317 -0.20 1.5337* 1.3457 Euro 1.9299 -0.84 2.2064 1.8640 Pounds 2.2940 -0.98 2.8431 2.2111 0.9599 0.00 1.3251 0.9068 'en* 1.6071 -0.31 1.6645 1.2619 Rupiah* 0 ***** -0.20 0.***** 0.***** Baht* 4.3489 0.03 4.4299 4.0190 Peso*
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  • COMPANY NEWS
    • 651 7  -  LYNETTE KHOO Major downgrades for financial sector with risks of higher provisions, weaker fees, poor equities turnover By L EARNINGS forecasts and ratings for Singapore companies and their Straits Times Index (STI) targets have been further marked down by several brokerages in view of the
      651 words
    • 75 7 UNITED Overseas Bank (UOB) has linked up with 7-Eleven to install 62 ATMs at its convenience stores by January 2009, taking the total number of UOB ATMs islandwide to nearly 500. The deal involves 7-Eleven stores located at Shell petrol stations. "This strategic tie-up reflects
      75 words
    • 422 7 WARRANT INSIGHTS SOME investors approach stock market investment as mainly buying blue chips and holding them for the long term. Passive investment like this is fine but it actually makes more sense to actively manage the risk of one's portfolio. In particular,
      422 words
    • 685 9  -  VINCENT WEE LOOKING at the one-year price charts of SembCorp Marine, Keppel Corp and the benchmark crude oil grade, a close correlation appears. Both SembMarine and Keppel Corp hit highs of $4.61 and $12.34 respectively on June 2, when the price of crude oil was
      685 words
    • 256 10 since 1985 COMPANY MEETING PLACE DATE TIME Xpress Hldgs A No. 1 Kallang Way 2A Communications Techno Centre Singapore *****5 24-Nov 10.00am UMS Hldgs E 25 Changi North Rise Singapore *****8 24-Nov 10.00am Swing Media Tech S 80 Raffl es Place, #25-01 UOB Plaza 1 Singapore *****4 24-Nov
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    • 399 10 Nov2l iANKS BANKS ABN Amro Bank NV 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5
      399 words
    • 402 10  -  SIOW LI SEN The Surawongse will be sold at an average 120,000 bant (555,232) per square metre I By: CATALIST-listed Hup Soon Global Corporation will launch its 52-unit luxury condominium project in down- T3 gV k th' F'd Ihe distributor tor automotive products and agriculture
      FILE PHOTO  -  402 words
  • Page 7 Advertisements
    • 55 7 &&MNVESTSINGAPORE From 14 December 2008, Singapore Airlines will fly 4 times a M\ M week to Riyadh, the financial heart of Saudi Arabia. Discover -j/^ U wB the exotic aromas of traditional Arabic coffee, or enjoy the **^^ir '^!JKf enjoy KrisWorld, your personal inflight entertainment system, i'*l# WMi^'^i:i-.-.<:f M +1
      55 words

  • SINGAPORE MARKETS
    • 1520 8  -  TEH HOOI LING W ITH the global economic picture getI ting worse rather than better, equi- ties continued to be under tremendous selling pressure. All our portfolios ended lower. The average decline was 7.8 per cent, worse than the Straits Times Index's (STI) 5.5 per
      1,520 words
    • 1064 8  -  ROBERT HALILI INSIDE MARKETS By AFTER posting lacklustre buys for two straight weeks, insider buying rebounded sharply last week with 49 companies recording 93 purchases worth $20.9 million. The figures were sharply up from the previous week's 29 firms, 60 acquisitions,
      1,064 words

  • Page 9 Advertisements
    • 728 9 SATS "T^fefe I, .I llyi ANWELLTECHNOLOGIES LIMITED L J_. lf.?11^«« V I Hk (Incorporated in the Republic of Singapore) t \flrrl3^ v -^M fc-ri TttY^ HTEV (Company Registration No. *****8707W) W M mMIiMISM NOTICE OF EXTRAORDINARY GENERAL MEETING V NOTICE IS HEREBY GIVEN THAT an Extraordinary General I Meeting of
      728 words

  • Page 10 Advertisements
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      141 words
    • 40 10 KIXfIND THE ONES hn t; f J THAT FIT! H ps^/ v-^ Recruit the right people 1 j> I _J through CATS Recruit. r" 4—^ r^H Call 1800 289 8822 or email i I l/-\ recruit@sph.com.sg I I )to advertise. <^
      40 words

  • Page 11 Advertisements
    • 676 11 r OTTO MARINE LIMI E^^A^J *J*A^l \A I *J LyA A Mm (Company Registration Number *****2647 M) (Incorporated with limited liability in the Republic of Singapore on 5 September 1979) We are an offshore marine group engaged in shipbuilding, ,>, ship repair and conversion and ship chartering. Headquartered ~i. in
      676 words

  • SINGAPORE NEWS
    • 421 12  -  LEE U-WEN Meetings held also with leaders from Malaysia, S Korea, Hong Kong and Peru By in Lima, Peru PRIME Minister Lee Hsien Loong made the most of his first official visit to Lima over the weekend as he shuttled to several
      DESMOND FOO/THE STRAITS TIMES  -  421 words
    • 566 12  -  JAMIE LEE Funds want higher returns, review investment plans By STOCKS in the renewable energy sector have become cheaper as the markets turn sour and this has raised the expected return on investments and attractiveness in new green projects, said industry players. And
      566 words
  • Page 12 Advertisements
    • 1683 12 W4*s4 Tollfree:1800-289-8822 V 11 1 L V Email: notices@sph.com.sg X^l Vfc>/ M. I v I' i www.cats.com.sg IN THE MATTER OF IN THE MATTER OF TOTHPMATTPB nF THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT CAP 50 NOTICE OF ANOINTMENT OF SSSctOP 50 AND THE COMPANIES ACT. CAP. 50 PROVISIONAL
      1,683 words
    • 72 12 ACCA's CFO CHALLENGE developing future business leaders Who will emerge as tomorrow's business leaders? ACCA's CFO Challenge will showcase bright young talents who will prove their skills and knowledge in accounting, finance and business. The top three student teams have the opportunity to demonstrate their abilities at the Finals on
      72 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1108 13 Venture capitalists perform extensive analysis of potential companies to invest in, take an active role in the running of it, are profit motivated, and usually cash in on their shares and pull out when the company is listed, reports lAN POH LISTENING
      1,108 words
    • 1045 13 CAMPUS LIFE NUS Business School was runner-up at Citi International Case Competition in HK, reports JASON LOW MISSION: To come up with the best strategic plan to help develop Hong Kong's famous home-grown theme park. Time: 26 hours Venue: Ocean Park Armed with those
      1,045 words
    • 204 13 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words

  • VIEWS FROM THE TOP
    • 3484 14 THIS WEEK'S TOPIC What cost-cutting initiatives should a company explore before resorting to laying off workers? When is worker retrenchment justified and when is it not? Range of alternatives available Annie Yap CEO The GMP Group IT IS indeed a tough balance that employers
      ST FILE PHOTO  -  3,484 words

  • Page 15 Advertisements
    • 152 15 For CEOs, celebrities and people at the top, it has always been customary massage function. The side bolsters on the seat automatically inflate to be seen in an S-Class. Few cars project such restrained power and or deflate in response to cornering forces to better hold you in place, comfortable
      152 words

  • DINING OUT
    • 839 16  -  Cheah Ui-Hoon NEW LUNCH MENU Tippling Club 8D Dempsey Road Tel: 6475-2217 THERE'S something unsettling about not recognising what's on your plate. A piece of crusty-edged, golden-brown goose liver comes to mind when you read "foie gras" on the menu, but when you get
      839 words
  • Page 16 Advertisements
    • 365 16 OUT NOW The November issue of Pulses is out! DISCOVER how Straits Asia Resources CEO Richard Ong got his pot of gold. LEARN tips for defensive investing and how to apply the risk arbitrage technique successfully. UNDERSTAND what is happening in Getyour the construction industry. copy from any Get your
      365 words

  • dining OUT with citibank
    • 793 17  -  JAIME EE POWER Lunch By WHEN Colin Goh was serving National Service in the early 1980s, he was asked in a routine interview what his hidden ambition was. "The officer was most shocked when I replied: 'To be a critic of the best hawker food
      YEN MENG Jll IM  -  793 words
    • 557 17  -  Audrey Phoon NEW CHEF Dolce Vita Mandarin Oriental Level 5 5 Raffles Avenue, Marina Square Tel: 6885-3551 DOLCE Vita's newly-appointed chef de cuisine Marco Pedrelli arrived in Singapore only two months ago but he's already peppering his sentences with "lah". This great ability to
      557 words
  • Page 17 Advertisements
    • 53 17 Please refer to citibank.com.sg for full details. Indulge in over 1,000 gourmet pleasures with your Citibank credit card. For more gourmet treats, visit: citibank.com.sg Mobile Gourmet fjJSI citibank.com.sg/singapore/gpmobile >Cffibank cffi m U*^ X B«^.-o pi r Promising the best deals in 1,000 locations f )H I I X Brought to
      53 words

  • MALAYSIA/INDONESIA
    • 683 18 AFP Falling demand from biodiesel industry pushes farmers to brink of bankruptcy [KUALA LUMPUR] The global economic slowdown has sent palm oil prices crashing, spelling misery for countless smallholders who have been forced to watch their harvests rot on the trees. Hundreds
      – AFP  -  683 words
    • 2192 18 lov 21 RM ('000) \8iM Realty 0.33 \bric Bhd 0.12 advance Synergy 0.09 Viventa Bhd 0.78 \e Multi Hldgs 0.12 Win Holdings 1.27 \hmad Zaki Resou ...0.50 \icCorp 0.53 Mrasia Bhd 1.15 \kn Technology 0.15 Alliance Financi 1.98 aluminium Co 0.82 Amalgamated Ind ...0.34 tomb Hldgs Bhd ....2.15
      2,192 words
    • 241 18 -AFP [JAKARTA] Indonesia banned executives of an ailing bank, which has been bailed out by the government to save it from collapse, from travelling abroad on Saturday. The state-owned deposit guarantee agency took control of Bank Century on Friday, the first such move
      -AFP  -  241 words
    • 676 18  -  S JAYASANKARAN MALAYSIA INSIGHT He will forward reports to the Anti-Corruption Agency and reveal the names of those allegedly involved MALAYSIA'S dominant United Malays National Organisation (Umno) has already nominated the candidates who will contest party elections for every post from the deputy
      676 words
    • 473 18 AFP [KUALA LUMPUR] The anointing of Malaysia's deputy prime minister Najib Razak as the nation's next leader has been hailed as the culmination of a curious prophecy which has "predicted" all its premiers. Mr Najib is expected to be handed the top job in ruling
      AFP; REUTERS  -  473 words

  • ECONOMY WATCH
    • 673 19 ■LAT-WP Programme to add 2.5 m jobs latest bid to influence events as crisis deepens [WASHINGTON] With a series of forceful actions in recent days, amid an almost unprecedented set of challenges, Barack Obama has taken an unusual step for a President-elect: attempting to
      ■LAT-WP; AFP  -  673 words
    • 341 19  -  DWIGHT CASS By I BARACK Obama has made a handful of senior appointments since his election. But Treasury secretary the job most crucial to his administration's response to the financial crisis has gone unfilled until now. Of course, the US president-elect may have worried that
      FILE PHOTO  -  341 words
  • Page 19 Advertisements
    • 171 19 Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg 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
      171 words

  • GREATER CHINA/INDIA
    • 550 20 Reuters Top Essence fair at weekend features 15 more marques than last year [BEIJING] The world may be teetering on the brink of a prolonged and painful recession, but many luxury brands are looking for salvation in China, where the economy is still bounding
      – Reuters; REUTERS  -  550 words
    • 305 20 Reuters He calls for more supportive policies to give domestic firms a growth environment [BEIJING] Chinese Premier Wen Jiabao called on domestic companies to keep up their confidence in coping with the global financial crisis, during a tour of the wealthy but exportdependent
      Reuters  -  305 words
    • 367 20 Reuters Economic adviser sees reasonable growth with reforms [NEW DELHI] Financial reforms could still help India's economy grow 7.5-8 per cent this fiscal year but with a sharp global downturn, monetary policy must shift further in favour of supporting growth, a top economic
      ■ Reuters  -  367 words
    • 332 20 [NEW DELHI] India's markets will be among the first to recover from the stock rout caused by the financial crisis roiling the world's bourses, said CB Bhave, head of the nation's capital market regulator. "This country will be among the
      332 words
    • 177 20 Reuters [SHANGHAI] China's stock regulator has meted out a 125 miUion yuan (Ss2B million) fine, its biggest ever against an individual, for a violation of rules on share price manipulation, state media reported on Saturday. The regulator will also expropriate 125 million
      Reuters  -  177 words
    • 831 20 Reuters [MACAU] On Macau's dusty Cotai strip, the cranes at the Las Vegas Sands' construction site stand idle at dusk atop the half-finished husks of three massive towers, while weary batches of construction workers, laid-off en masse, stream out of the site's
      ■ Reuters; BLOOMBERG  -  831 words
  • Page 20 Advertisements
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      201 words

  • Page 21 Advertisements
    • 181 21 Proud history. Secure future. In the last few days, the world's financial markets have experienced unprecedented volatility. Financial institutions and indeed countries the world over have been impacted. At Citi, we have an almost 200 year history of leadership throughout the world and its markets. Today, we reassure our 200
      181 words

  • ASIA-PACIFIC/WORLD
    • 493 22 -AFP [LIMA] If there is a common theme running through the Asia-Pacific summit here besides anguish over the world economy, it would be the prevalence of the Peruvian national cocktail known as "pisco sour". A source of national pride among party-loving Peruvians, the tart, frothy
      -AFP; REUTERS, AFP  -  493 words
    • 579 22  -  ANTHONY ROWLEY CMI seen being re-launched as a kind of Asian Monetary Fund By in Tokyo MOVES to get emergency funds flowing to Asian economies hit by balance of payments problems in the current financial crisis are expected to receive a boost on
      579 words
    • 600 22  -  JANE MOIR By in London BRITISH consumers are set to benefit from a series of tax cuts expected to be announced today by Christmas, as confidence slumps to new lows and the country heads towards recession. Chancellor Alistair Darling is expected to unveil
      REUTERS  -  600 words
    • 448 22 Reuters [ZURICH] ÜBS is likely to need a fresh capital injection from the state after the Swiss bank's shares lost nearly 50 per cent this month, a top Swiss bank regulator told SonntagsZeitung newspaper yesterday. Daniel Zuberbuehler, director of the Swiss
      Reuters  -  448 words
    • 271 22 Bloomberg [DUBAI] Amlak Finance and Tamweel, Dubai's two-largest mortgage lenders, will be taken over by a United Arab Emir-ates-owned bank, after concerns that the Gulf's five-year property boom is ending caused their shares to plummet. Amlak and Tamweel, whose stocks each have fallen more
      Bloomberg  -  271 words
    • 365 22 -NYT [NEW YORK] Wal-Mart's international chief, Michael Duke, 58, will be the next chief executive and president, underscoring the importance that the company is placing on its international stores and overseas growth. His appointment comes after nearly a decade as chief executive of Wal-Mart Stores,
      -NYT  -  365 words

  • Page 23 Advertisements
    • 374 23 Mr I Mr. Shamsher Zaman m J& Managing Director >^j4 J^ i JH] UNSURPASSED ENTREPRENEURIAL ACHIEVEMENTS H^L AND A DISTINGUISHED WINNER EVERY YEAR ■k Established in Singapore in 198?, I inkers (Far East) Pte ltd is trading with 40 countries worldwide, marketing and distributing strategic row materials including Chemicals Polymers
      374 words

  • SHIPPING/AVIATION
    • 573 24 -AFP Sailing via Cape of Good Hope less risky but expensive and takes longer [OSLO] Rising piracy in the Gulf of Aden has prompted some shipowners to change their routes to round the Cape of Good Hope instead, a detour considered
      -AFP  -  573 words
    • 327 24 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell last week on weaker demand for iron ore from steelmakers. Cia Vale do Rio Doce, the biggest iron-ore producer, said on Oct 31 that it would cut
      ■ Bloomberg  -  327 words
    • 319 24 Reuters Airport body says members are ready to refuse service if 'no money is received' from airlines [BEIJING] Chinese airports are squaring off with airlines over four billion yuan (SsB96 million) in unpaid fees that are impacting operations, even as the airlines stagger under mounting
      ■ Reuters  -  319 words
    • 2526 24 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI 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
      2,526 words
    • 443 24 Bloomberg [NEW DELHI] India's airlines should cut fares as oil prices have dropped and the government has helped the industry by scrapping a levy on aviation fuel, Aviation Minister Praful Patel said in New Delhi. Indian Oil Corp, the nation's largest refiner, cut jet
      Bloomberg  -  443 words
    • TRANSPORT STOCKS
      • 103 24 '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 0.27 0.20 0.73 0.32 0.60 0.42 0.04
        103 words
      • 32 24 '000 lov Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.58 8.25 8.25 2.19 2.42 0.07 0.04 -0.10 -0.05 -0.06 -0.08 unch 7 242 1145 529 57 140
        32 words
      • 12 24 '00 ■recious Ship Jegional Cont 10.04 5.65 0.04 unch 4213 703
        12 words
      • 6 24 '000 toil .11.96 -0.08 1771
        6 words
      • 22 24 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.30 14.25 unch unch -0.10 -0.25 unch unch B99 15 0 0
        22 words
      • 23 24 Evergreen Marine ...16.10 :irst Steamship 28.50 Wan Hai Lines 13.70 fang Ming Marine ..10.65 unch -0.80 unch 0.45 12 8 3 18
        23 words
      • 37 24 '000 :awasaki Hvy Ind...183.00 14.00 2516! :awasaki Kisen 338.00 21.00 723! /litsubishi Hvy 350.00 20.00 ***** /litsui Eng&Sbldg ..121.00 7.00 978! /litsui Osk Lines ....437.00 9.00 270* lippon Express 391.00 5.00 37& lipponYusen 446.00 20.00 9961
        37 words
  • Page 24 Miscellaneous
    • 401 24 CRYPTIC CROSSWORD AmnW 2 |3 I Id i j 15 X [7 I MLKUbb U. I I en more rone? (*****6) i __BB__BB__BB__^H^^H__J^B__BB__BB years to their process (8) l^^ L^l r 1 I I 9 See 1 Across 10 Inert yet changing time 10 I j j I Hn I
      401 words

  • SINGAPORE STOCKS
    • 9379 25 Week ended: Nov 21 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Week Last Quote )h Low Buyer Seller Div GrYld Net C'vr P/E M Cap Hi! Com| >ari] 12 3 3148 8Telecom 18 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000
      9,379 words
    • 1976 26 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
      1,976 words
    • 54 26 _Hm Low Code Coi Sale '000) _H|< Low Bl Seller C'vr P/E $mil ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 385 158 6009 STI ETF US***** US6200 US1000 US***** US***** 174 -9 2630 184
      54 words
    • 61 26 Hii Low Code Comi >an< Sale COOP] Hii Low Bu1 rer Seller C'vr P/E imil 112 42 6000 AVJennings 20.5 4 6134 Over&Gen 34 6 6017 StarCruises 283 115 6019 TanChonglnt A48 A8 US6.5 HK125 -1 -1.5 169 ***** 49 8 45 6 45 50 3.6 7.3 6
      61 words
    • 25 26 lapitaLand 2.600 +0.160 lapfl .orp irp \gn JSH 9.600 -0.100 >ppel .orp >ppel irp SIA Engg 1.870 -0.040 ■ngg .orp >mg
      25 words
    • 98 26 Up Down Unch Up Down Unch Up Down Unch lulti Ind 1 16 1 0 0 0 1 16 1 lanufacturini 45 132 47 12 16 50 144 63 Commerce 11 50 15 16 59 16 r/C. ms 33 35 :inance 38 39 Construction 11 14 12
      98 words
    • 116 26 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 146,689 146,689 288,561 288,561 lanufacturini 1,180,383 100,564 1,280,947 608,252 3,098 611,350 Commerce 396,330 24,991 421,321 343,673 3,062 346,735 'pt/Stor/Comms 473,975 2,536 476,511 638,611 494 639,105 :inance 235,522 19 235,541 1,388,291 1,388,292 Construction 47,918 31,122 79,040 4,282 513 4,795 Yoj
      116 words
    • 2728 26 Transaction date: Nov 21 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG Vol '000 HK$ eon Credit Aeon Stores Angang Steel Anhui Conch Anhuiexpressway Asia Satellite Asm Pacific Bank Of E Asia Beida Jade
      2,728 words
  • Page 25 Advertisements
    • 43 25 I liHljS^JKJiiiiHiif' Jk^UkL aSijt^^iaJß-- IN EXCELLENT SHAPE Ie maitre de I'horlogerie depuis 1875 y 'JtSjCMkCyaJjjJß "^V i^nl &siii^..: Sole Distributor Service Centre: AUDEMARS PJGUET (SINGAPORE) PRIVATE LIMITED .^9 341 River Valley Road #01-01 Singapore *****2 TeT:'623B 6678 Fax: 6238 6676 •JJISPH Internet: Http://www.audemarspiguet.com
      43 words

  • Page 26 Advertisements
    • 30 26 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. I v v^^h I ™E business times
      30 words

  • FINANCE & COMMODITIES
    • 380 27 In US$ In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Nov21 World Index Preliminary 586.7 0.1 -48.2 0.2 -48.2 0.1 -51.. t EAFE Prel liminai 583.5 -0.7 -47.9 -0.6 -50.7 -0.7 -53.7 Euroi
      380 words
    • 130 27 As at 9am Nov2l Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9300 0.9930 .an dollar 1.1740 1.1880 Euro 1.8940 1.9170 NZ dollar 0.7950 0.8140 iterlini ind 2.2480 2.2751 US dollar 1.5230 1.5410 Local dollars to 100 units of foreign currency:
      130 words
    • 169 27 Nov2l fer Bii Overnight 1/4 1-monfli 3/4 2-months 13/16 3-months 7/8 Overnight mode: 7/16 US$ Offer 1/8 1/2 9/16 5/8 Bid 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 1.20 1.80 2.70 2.80 3.10 3.30 3.40 Offer 0.70 1.30 2.20 2.30 2.60
      169 words
    • 24 27 Nov2l ten Hii Sett >TI ilMSCI Nov 190.5 206 204.9 'aiwan Nov 147 159.7 158.9 Source: MF Global (S) He. Ltd
      24 words
    • 23 27 Nov2l SS Bid Offer 1-month 1.5311 1.5326 2 months 1.5287 1.5305 3 months 1.5270 1.5288 6-months 1.5205 1.5228 Source: OCBC
      23 words
    • 61 27 Nov2l Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low Dec 08 1380 Jan 09 1402 Feb 09 1401 Mar 09 1410 Total o/p: ***** contracts 1456 1456 1380 336 4952 1462 1471 1387 2889 ***** 1460 1471 1386 7721 ***** 1460 1472
      61 words
    • 312 27 Nov2l OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 97.9600 98.0950 98.0550 97.9800 6219 ***** 5270 3011 EUROYEN TIBOR FUTURES DecO8 99.160 99.160 MarO9 99.245 99.245 JunO9 99.360 99.360 SepO9 99.390 99.390 DecO9 99.350 99.350 Mar10 Jun10 Sep10 99.150 99.245 99.360 99.340 99.350
      312 words
    • 196 27 Nov2l RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Dec 08 139.0 Jan 09 142.0 Feb 09 145.0 Mar 09 Apr 09 146.0 May 09 146.0 139.0 142.0 142.0 141.0 141.0 139.0 142.0 142.0 145.0 146.0 146.0 2 27
      196 words
    • 89 27 «o 1/2; Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****A 19.02.09 1-Year BY*****V 02.11.09 0.53 0.70 0.50 0.50 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
      89 words
    • 104 27 Nnw 11 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 840.00 856.00 862.50 838.00 Mar 09 847.25 862.75 870.00 846.00 May 09 855.75 871.50 876.00 854.50 Jul 09 863.75 879.00 886.00 863.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 30.70 30.63 30.92
      104 words
    • 76 27 CRUDE OIL PRODUCTS Nov2o CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 48.83 -2.57 WTI (Near Mth) 48.77 -4.87 Dubai (1-Mth F) 46.01 -1.05 Tapis blend 52.45 -1.10 Minas 52.60 -0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 27.77 70.80 1.32 -1.00 US$/barrel Opec Oil Basket
      76 words
    • 462 27 Nov2l AS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound us: lustralia 0.798 4.271 0.499 4.844 31.354 75.931 0.594 9.341 2.264 1.171 49.465 31.141 0.958 6.637 0.768 20.870 22.014 0.422 0.625 Canada 1.253 5.350 0.625 6.067 39.272 95.108
      462 words
    • 73 27 Nov2l 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 2.***** Source: Thomson Reuters 1 mth 1.***** 0.***** 2 mths 2.***** 0.***** 3 mths 2.***** 0.***** 6 mths
      73 words
    • 134 27 Nov2l /oz) lov lov Hong Kong London 746.80 758.90 747.80 759.90 Nov21 Nov20 780.70 748.30 782.70 750.30 Source: Thomson Reuters CAST BAR (S$) Nov21 Buying Sellini Kilobar "39,587.86" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS Kinebar™ 88.81
      134 words
    • 155 27 Nov2l Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9570 0.9586 0.6247 0.6252 Canadian dollar 1.1989 1.2005 0.7826 0.7830 Euro 1.9178 1.9202 1.2518 1.2523 NZ dollar 0.8166 0.8188 0.5330 0.5340 Sterling 2.2709 2.2734 1.4823 1.4827 US dollar
      155 words
    • 68 27 Nov21 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1702.00 3 months 1750.00 1736.20 1785.00 Copper, Grade A (USS/tonne) Cash 3 months 3506.00 3540.00 3438.00 3480.00 Lead (USS/tonne) Cash 1177.00 3 months 1182.00 1168.50 1185.00 Nickel (USS/tonne) Cash 3 months 9881.00 *****.00 9825.00 9950.00 Tin (USS/tonne) Cash *****.00 *****.00
      68 words
    • 69 27 «o 1/2; (£/tonne) Close Prev Hii ih/Low Dec 08 1510 1470 1522/1464 Mar 09 1418 1402 1433/1395 May 09 1404 1397 1420/1390 JulO9 1401 1400 1412/1394 COFFEE (US$/tonne) Close Pev High/Low Nov08 1768 1774 1761/1758 Jan 09 1813 1819 1832/1800 SUGAR (US tonne) White Close Prev High/Low Mar 09
      69 words
    • 3071 27 BONDS WARRANTS Tel Code Company Last Sale Vol Conv +or- ("000) Ratio 2058 Advance Modules Grp W*****3 6 susp 2036AdvanceSCTLtdW*****9 0.5 9092 Asia Environment W*****4 6.5 4481 Asia Water Tech Ltd W*****0 ..18.5 3816 Asiasons Capital Ltd W*****7 4 8756 Asiatic Grp (H) Ltd W*****2 9.5 4105#AsiatravelW*****7 3.5 2878Aztech Systems
      3,071 words

  • Page 28 Advertisements
    • 2404 28 m The Business Times Shipping Times m\\ ggfU B!^f^J^ffHgi^fl!ygf^_fSiJ_BßH>B T WAN HAI INTERNATIONAL PTE LTD crn0:1.*****0000/r WW X^___| l'»._E -J_iM_MiMß-MI--_--M^l %TTT^\ ■■■>_.■ ■■■.■■-_>. TEL6226ISBS (KLINES) FAX:*****163 "*""L~1 Vaj ■*^"^"W»fs^^^^B _EgfiE 1-18-MtgMW V\M 1 lflf AN HAI INF\ Oisl-in-t Servke/Boolcing- Direcl line (1800) *****200 A A M- l^JL^l^l* I I iffßii
      2,404 words

  • Page 29 Advertisements
    • 3425 29 1^ RICKMERS-LINIE I IF^T EASTERN CAR LINER, LTD I[m SJGSifS^ Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com ill Km 1 I 1 USAService lf-~^ SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONs| WEEKLY EXPRESS SAILING SCHEDULE Vessel I Voy SIN I ALT I HOU I NEW I JAX I ORF I
      3,425 words

  • Page 30 Advertisements
    • 5771 30 K2H H 19 H |9 11 I |i^ andersen I Two. glory navigation groupl ■afW»§« 158 Bgß -Ml A shipping companT7 70 Shenton Way, #21-03 Marina House Singapore *****8 UI_UII I 11HHIUHIIUI1 Ul-UUr I K*^J_fflP!fflHWffl!lfflP!l!TlHflil IMI I north west express line tis,&4LH;^4~%nk<*^ nmnrnjA monthly service to western Australia and islands
      5,771 words

  • BizIT
    • 869 31  -  AMIT ROY CHOUDHURY Third-quarter revenue grew by 20% in Asia-Pac including Japan By GERMAN software major SAP's Asia-Pacific unit is quietly confident of riding out the economic storm sweeping across the world. Speaking to BizlT, Geraldine Mcßride, president and chief executive
      FILE PHOTO  -  869 words
    • 460 31 [TAIPEI] Powerchip, Taiwan's top DRAM chip maker, said on Friday that it was seeking closer partnership with Elpida, including a possible merger with the Japanese firm, to weather the sector's worst-ever downturn. When asked if Powerchip Semiconductor Corp would consider a merger with Elpida
      BLOOMBERG  -  460 words
    • <what's up>
      • 78 31 LOCAL research agency A*Star's Institute for Infocomm Research (I2R) has inked a deal with Philips, Motorola, PGK Media, EWO Media and Zentek Technology to explore future TV concepts and technologies, dubbed Next Gen TV. The partners will collaborate on technologies that
        78 words
      • 95 31 US communications giant AT&T Inc has completed the expansion of its data centre operations in Singapore. The expanded facility forms the company's first Super Internet Data Centre (IDC) in Asia, joining other super IDCs in New Jersey, California, Maryland and the Netherlands. It will
        95 words
      • 84 31 THE Association of Computing Machinery is holding SIGGRAPH Asia 2008 next month, the inaugural Asian edition of one of the major industry events on computer graphics and interactive techniques. To be held from Dec 10 to Dec 13 at the Suntec
        84 words
      • 111 31 A SOFTWARE application that can track down stolen phones has earned Singapore firm ten Cube a place in the 2008 Forum Nokia Innovation Series a new global developer programme by the Finnish mobile phone giant. Joining eight other firms selected for this programme, ten
        111 words
      • 49 31 SINGAPORE-BASED Springboard Research has launched Benchmark IT, an online benchmarking tool that lets IT managers in Singapore measure their organisation's IT operations against their peers in the areas of technology adoption, spending, and usage. For more information, visit www.benchmark-it.net. Compiled by ONG BOON KIAT
        49 words
    • 291 31 AP [NEW YORK] Opportunities for social networking abound on the Internet, but not when it comes to one standard job: using a browser and search engine to comb the Web for information. That task is still typically done solo,
      – AP  -  291 words
    • 791 31 &lt;you say&gt; Asia and all emerging economies are looking at the possibility of a simpler, greener and lower-cost IT By STEVE FELICE THE way people connect and communicate is changing the world. We are living in a "Connected Era" in which
      791 words
    • 789 32 Software giant says its Biz Spark scheme can help software entrepreneurs save tens of thousands dollars, reports ONG BOON KIAT BUDDING software developers in Singapore have been offered a Microsoft software carrot worth tens of thousands of dollars in return for a token US$lOO subscription fee
      789 words
    • <what's new>
      • 68 32 NEXWAVE Telecoms, part of Singapore-listed Tele Choice International, has launched iConference, a pay-per-use audio conferencing service under its Sun Page brand. This service lets enterprises conduct multi-party discussions across different countries. The service can automatically send invitations and reminders to conference participants via SMS or e-mail.
        68 words
      • 166 32 FOR those who fancy a computer that can change colour to suit their moods, a duo of new Fujitsu notebooks have the answer in the form of swappable coloured lids. The Fujitsu Lifeßook A 6220 comes in either black or white base colours, but
        166 words
      • 93 32 SAMSUNG has launched the Pixon, touted to be Singapore's first 8-megapixel touch-screen camera phone. This quad-band 3G phone features dual power LED flash, shake reduction, auto-panorama, photo-memo and other features to woo photo buffs. It comes with HSDPA compatibility, 3.2-inch touchscreen display, RDS FM radio,
        93 words
      • 90 32 WITH Web-savvy users in mind, Sony Ericsson has launched the G705, a quad-band 3G slider phone that features Wi-Fi wireless network support, HSDPA mobile broadband, 2.4-inch screen, assisted Global Positioning System (a-GPS), 3.2-megapixel camera, a full Web browser and desktop interface that supports RSS Web
        90 words
    • 428 32  -  By WINSTON CHAI SINGAPORE'S attempt to become a port-of-call for digital media companies is starting to materialise with more gaming studios and animation companies docking their regional operations in the city-state. The latest to join the fold is Italian firm Rainbow SpA, the
      428 words
    • 674 32  -  AMITROYCHOUDHURY It will help banks implement updated MAS guidelines on online banking By TATA Communications, a part of the Tata group, has announced the launch of the first Security Compliance Consortium to simplify the process of meeting compliance needs for the banking and finance
      674 words


  • THE BUSINESS TIMES Enterprise
    • 421 33  -  Chen Huifen STORY HAS it that during the Qin dynasty, a general by the name of Xiang Yu had deployed the tactic of Po Fu Chen Zhou, or, break the cauldrons and sink the boats, to win a key battle against the enemy. By ordering his troops
      421 words
    • 1034 34 It now tenders for projects for permanent mooring installations in addition to offering pre-laying mooring services, reports teh shi imiimg FRANKLIN Offshore Holdings broke through the ranks to emerge top in this year's E5O rankings. It is also the first company to be
      JOSEPH NAIR  -  1,034 words
    • 674 34 THIS year's Enterprise 50 (E5O) award winners are a microcosm of the Singapore economy, with companies in a diverse range of industries engineering, business services, IT, logistics, hospitality, property, wholesale, retail, distribution and construction and manufacturing. The applicants this year were evaluated and ranked using
      674 words
    • 1205 36 F&B and consumer electronics group Goh Joo Hin believes in entrenching its brand in its customers' psyche, reports iaim poh IN a consumerist society overflowing with merchandise, competition abounds. In Goh Kai Kui's book, the solution is to entrench the brand name within the psyche of customers. "Our
      JOSEPH NAIR  -  1,205 words
    • 1098 38 The rice and sugar dealer emphasises the importance of trust between client and company as this is what keeps customers coming back. serene cheomg reports AT Wee Tiong, upholding a high level of corporate integrity is the main guiding principle the firm abides by
      YEN MENG JIIN  -  1,098 words
    • 883 40 Succeeding in good and bad times requires integrity and acting within one's means, says an entrepreneur WITH more than 58 years of entrepreneurial experience under his belt, 67-year-old Tan Tiong Seng remains calm in the face of the financial crisis that is sweeping the world now.
      883 words
    • 1187 41 Its CEO thinks it's sometimes good to have a downturn once in a while as it makes some firms stronger over time, jaimexie reports PLUMMETING share prices around the world, massive redemptions from equity funds, pessimistic investors and economies heading into recession point to
      JOSEPH NAIR  -  1,187 words
    • 974 42 Even with the economic situation looking gloomy, Pinnacle is trying to grow its export business and expand in the home market tOO. RACHEL ANG reports WITH the number of cars you can count on one hand in their first shop in Katong Mall, and
      974 words
    • 886 43 It offers expert consultancy services to companies by evaluating the most efficient way to pack and unpack their products, reports jamie lee GREENPAC'S business is about thinking out of the box. Greenpac which has customers such as Hewlett-Packard and ExxonMobil was
      CHONG JUN LIANG/SPECIAL PROJECTS UNIT  -  886 words
    • 1216 44 Timber logs trader Farlin Timbers' secret to succeeding in hard times is to capitalise on present opportunities, reports maybel choimg THESE are difficult times for SMEs in Singapore, given the bleak global economy. But that has not stopped Farlin Timbers from making it to the
      JOSEPH NAIR  -  1,216 words
    • 864 46 It has put in place strategies like diversifying its business, to help it tide over the difficult period, reports moor aisha THE economic uncertainty looming ahead does little to dampen the entrepreneurial spirit of Samwoh Corporation which is at the forefront of the civil engineering
      ARTHUR LEE  -  864 words
    • 804 47 SPRING'S business excellence initiative helps firms to develop and strengthen their management systems and processes WITH the current financial turmoil and market volatility, organisations need to enhance their management systems and processes so as to drive productivity and performance improvements. This is especially so
      STOCKXPERT  -  804 words
    • 948 48 Turbocharger repair company Tru-Marine wants to turn itself into a global marine SME, quah chiim chiim reports BUILDING an international brand name for his niche business is something David Loke has firmly set his sights on. The group managing director of Tru-Marine, a repairer of
      948 words
    • 749 49 Super Steel believes lean times often present golden opportunities for companies looking to expand. ANDREA SOH reports THE economy may be heading into a storm, but for chairman of Super Steel Ang De Yu, lean times can present golden opportunities. His confidence springs perhaps
      ARTHUR LEE  -  749 words
    • 1194 51 The SME Infocomm Package offers businesses a range of attractively priced packages bundled with one-stop technical support WHEN dance instructor Yu Shu Huai renewed the business licence for his company, Hai Yang Cultural Arts Development Centre, he also found himself expanding his business presence
      STOCKXPERT  -  1,194 words
    • 1056 52 With a worldwide network, IE Spore offers help to enterprises to export, develop capabilities, find overseas partners and enter new markets SINGAPORE has much to celebrate in the global success of its companies. Both big and small players have set up their presence
      STOCKXPERT  -  1,056 words
  • Page 33 Advertisements
    • 217 33 &lt;^^ vI I 3ver 3513 Gearing Jy, f If Mr £if CIS V\ -irtJißiteh^ *g^ i^#r &gt;w /s proud to be SfiiiS^^ M awarded the: EXCPUPnCP JSSjIlf ENTERPRISE J£t\ il#i^^ I Celebrating Singapore's Enterprising Spirit «wi t^ Es' "Brut»j«spo Jlji Established in 1999, Aver Asia (S) Pte Ltd is a
      217 words
  • Page 33 Miscellaneous
    • 22 33 Supplement Editor: Chen Huifen Sub-editor: Agnes Wee Cover design: Ludwig llio Copy Editor: Elaine Koh Assistant News Editor (Special Projects): George Joseph
      22 words


  • Page 35 Advertisements
    • 250 35 kwjw *X B___l_l esi J pj_L_^» ml*. I |Lj| II -^fl Winners of The Enterprise 50 Awards 2008 Franklin Offshore Smartflex Technology Pte Ltd OPUS IT Services Pte Ltd Holdings Pte Ltd xjn m^ LW LBG-NGT Corporation Pte Ltd iFast Corporation Pte Ltd Kenyon Engineering Pte Ltd Aik Moh Paints
      250 words

  • Page 36 Advertisements
    • 287 36 (^&/imO^lm^l&M'S wellnessin mot/on \^j^, &gt; OnbeinqaWardedthe Celebrating Singapore's Enterprising Spirit 2008 I would like to thank the judges for selecting Dynaforce BjlUU^ International Re Ltd as one of the top 50 private enterprises '^to^ in Singapore. This is indeed a proud moment for us. Our m m journey started 20
      287 words


  • Page 38 Advertisements
    • 186 38 Sir..- a Cordyceps H h Gohjoo Hin Pte Ltd Sd aft rii kteanri t MH '^^4 H^tll 1J J l;"; y Wmtm) ,\1 i r^\k. I I ■■fiL-JV l^^1 Ilk m 1 _^d We are honoured to be awarded Top Ten in the prestigious 2008 Enterprise 50 Awards. "This award
      186 words

  • Page 39 Advertisements
    • 121 39 1 ht P enterprise Congratulations I W I Pinnacle International \P I \^^J on winning J issssswsss ENTERPRISE 50 2008 I 1 1 $BEASSMfi E]CIMB cftT ffMfl^Bank ynB a.5.10 v k s. N intelligent K"N IK^ K^ I Th. R.,.ii 5,,.,., i.. vj/ mmwSu 9 \*J\\ II I K.A v^l
      121 words

  • Page 40 Advertisements
    • 128 40 v Sb\ m!^ 1 H i N^WB r a S\ I 1 SIM MARKETING &gt;| Ik ASIA-PACIFIC I) k I n iVil i iPD HI pww I SI EMTCBDBICC The Mt M cfVfcrtrnioc Entrepreneur U \^^^^J Lim Wee Li M c**^^ V &£r^7ng Ssp?*2oS Managing Director C*^ TO ™«y-«M EJ
      128 words
    • 46 40 Paid into bank c DEDUCTIONS aY BBh drawn from bank 1 tot expenses c rt goods 9 lU©&lt; l tv STOCKXPERT Cash is king: order to ride out the financial crisis, Mr Tan believes that it is important for SMEs to maintain a positive cash balance
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