The Business Times, 7 September 2009

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Total Pages: 28
1 28 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Monday, September 7,2009
    20 words
  • 578 1  -  CHUANG PECK MING MNCs' investment return here, at 18% last year, among highest worldwide By [SINGAPORE] American direct investments in Singapore crossed the US$lOO billion mark last year, making Singapore the biggest investment destination for US multinational corporations in Asia. And no wonder.
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  • MARKETS DIGEST
    • 50 1 >T Index 2,622.69 -20.11 1 COMP 1,178.74 +4.47 IIKKEI 225 10, ,187.11 -347.03 IANG SENG 20,318.62 +220.00 ;et index 668.41 +11.43 JAKARTA COMP 2,322.74 -54.51 1ANILA COMP 2,830.99 -53.19 ;eoulcomp 1,608.90 +0.96 ;henzhenb 500.96 +6.87 IUMBAI IND 15,689.12 -233.22 )OW 9,441.27 -102.93 lASDAI 2,018.78 -9.99 ;&P 500 1,016.40 -12.53
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.361 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • 44 1 IS$ (S$ per US$) 1.440 (US$/S$ per 1.634 2.354 EURO (US$,S$/E) 1.427 Foreign currency per US$ 2.056 'EN 92.80 64.40 3.527 2.448 IK$ 7.751 5.381 !AHT 34.08 23.66 lUPIAH 10,120 7,026 lENMINBI 6.831 4.742 INDIAN RUPEE 48.84 33.91 1.188 0.825 IZ$ 1.465 1.017
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  • 668 1  -  LYNETTE KHOO Even after GDP turns around, number of defaults won't drop for next 6-9 months: S&P By [SINGAPORE] Analysts are expecting corporate defaults to peak in the first quarter of 2010, notwithstanding the recent economic recovery across the globe. More distressed
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  • Page 1 Advertisements
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    • 219 1 "In my opinion, it's the ability to bring together a range of diverse elements to Best Private Bank 2008 create an outstanding driving experience." Bernd Pletschen, Head Acoustician at Awarded by FbianceAsla Mercedes-Benz, Stuttgart, Germany Best Boutique Private Bank The satisfying 'clunk' of the car door as it closes. The
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  • Page 1 Miscellaneous
    • 80 1 CAMPUS LIFE COMMENTARY PHARMA INDUSTRY DINING OUT 'aJLw Creating a more Delayed Sports Hub: ml] WAmTm lzer counts on Take the chef s >#^ 'i vibrant media industry implications for Spore UAjUm cancer to save firm challenge at BLIL& PAGE 11 PAGE 2 PAGE 19 PAGE 21 jtfiffifi&&^ VIEWS FROM
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    • 26 1 BizlT Services the new focus for Nokia PAGE 28 fldl Hi Local firm wins Nokia application contest PAGE 28 inter Touch eyes Singapore listing PAGE 27
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  • TOP STORIES
    • 762 2  -  EMILYN YAP Young players in property groups making their mark in family business By [SINGAPORE] While building homes will always be just a Lego-brick memory of their childhood for most, some under-40s hailing from notable families in real estate have already overseen the building
      ARTHUR LEE; YEN MENG JIIN  -  762 words
    • THREE-MINUTE DIGEST
      • 79 2 ANALYSTS are expecting corporate defaults to peak in the first quarter of 2010, notwithstanding the recent economic recovery seen across the globe. Stressed debt in the region defined as debt at risk but the default can still be averted is about U*****.64
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      • 66 2 AMERICAN direct investments in Singapore crossed the US$lOO billion mark last year, making Singapore the biggest investment destination for US multinational corporations in Asia. And no wonder. The latest figures released by the United States Department of Commerce also show that despite the
        66 words
      • 67 2 WHILE building homes will always be just a Lego-brick memory of their childhood for most, some under-40s here hailing from notable families in real estate have already overseen the building and marketing of gleaming hotels, homes and malls. In the process, these next-generation builders
        67 words
      • 74 2 JAPAN'S incoming prime minister Yukio Hatoyama added new picks at the weekend to what political analysts say is shaping up to be a strong line-up for the Cabinet he will head from next week when he formally assumes the role of premier. But
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      • 82 2 CHINASING Investment Holdings directors may have to brace themselves for a flurry of queries at the extraordinary general meeting today on its proposal to acquire an indirect stake in Highway Bright Holdings for HK5122.99 million (5522.8 million). One area of questioning
        82 words
      • 48 2 SINGAPORE'S healthcare system is exemplary in its blending of public and private provision of healthcare, but there can be greater integration between hospitals and the general practitioners' sector, said executives from Accenture's new Health and Public Services operating group. SINGAPORE NEWS, PAGE 10
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      • 75 2 CHINA announced new draft rules on Friday on inbound portfolio investments, increasing the amount some institutions can invest in the country's stock markets, in a move likely to bolster market sentiment. The upward limit for individual institutions' quotas under the qualified foreign institutional investor
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      • 78 2 HOTEL technology service provider Docomo inter Touch, a unit of Japanese phone giant NTT Docomo, could seek a public listing in Singapore in three to five years, according to its CEO Charles Reed. "Why Singapore? We believe the SGX is becoming more and more recognised.
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    • 424 2  -  JAMIE LEE AIA counter claims against her for alleged defamation ByJ [SINGAPORE] American International Assurance (AIA) has been sued by a policy holder who claims the insurance giant is asking for additional premium payments over a period well beyond the initial guaranteed payment
      424 words
    • 631 2  -  LEE U-WEN COMMENTARY Delayed Sports Hub means that Spore will be overlooked as an event venue AS an avid sports fan, I was quite disheartened to learn last week that the completion date of our new Sports Hub has been delayed again this time to
      631 words
    • 649 4  -  ANTHONY ROWLEY Though an expert in budgetary affairs, he may not command a big presence on the international stage By. JAPAN'S incoming prime minister Yukio Hatoyama added new picks at the weekend to what political analysts say is shaping up to be a
      BLOOMBERG, XINHUA, REUTERS  -  649 words
    • 1027 4  -  ANDREW MARKS WALL STREET INSIGHT Torn between bulls and bears, stocks are likely to see-saw By in New York AS Wall Street prepares to get back to work tomorrow after today's Labor Day holiday, which marks the unofficial end to the summer,
      AFP  -  1,027 words
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      175 words

  • Page 3 Advertisements
    • 124 3 ITi^^^BHHHI^^I increased competitiveness. H Energy costs and physical space are two major cost components for NTT Communications Hong Kong Data I Centre. By deploying ECO CENTER, NEC's energy-saving server, the data center has reduced almost half the amount of electric power for operating and cooling, and has made more physical
      124 words

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    • 2057 4 V-#^L ftXTT/nr r> To"free: 180°-289-8822 V IVI f 1 L W Email: notices@sph.com.sg JL V^>/ JL JL^_> 1' \J www.cats.com.sg IN THE MATTER OF IN THE MATTER OF IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE nVcheen&neewng PTE LTD THE COMPANIES ACT, CHAPTER 50 NICHE ENGINEERING PTE LTD |w
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    • 33 5 if HO. tsß H Proudly built by: PPL SHIPYARD PTE LTD 21 Pandan Road Singapore *****3 Tel: (65) 6265 0477 Fax: (65) 6264 4130 A Subsidiary of sembcorp Email: corporate@ppl.com.sg Website: www.ppl.com.sg marine
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  • SINGAPORE MARKETS
    • 639 6  -  R SIVANITHY STOCKS HERE'S an interesting question that punters must surely be asking: how much more upside can there be in stocks, either for the rest of the year or the next 12 months? Several brokers have, over the past few weeks, issued their
      639 words
    • 521 6 AFP COMMODITIES [LONDON] The price of gold raced higher last week, reaching almost US$l,OOO an ounce as investors sought a safe-haven amid concerns over the strength of economic recovery, analysts said. Precious metals: Gold prices surged as high as U*****.80 an ounce,
      AFP  -  521 words
    • 951 6 Payment (cts) Ex Books Pay date close date .BR Hldi aw 1.000 07-Se; 09-Se; 29-Se; idam; ik Ltd 0.750 04-Se; 08-Se; 25-Se; advanced Hldi 1.400 03-Se; 07-Se; 16-Se; iscendas Reit 1.940 17-Aui 19-Aui 23-Se; Asiatic Gr; an 0.250 26-Aui 28-Aui 14-Se; 6L Marine ak 3.000 28-Oct 30-Oct 10-Nov
      951 words
    • 296 6 AFP CURRENCIES [HONG KONG] Asian currencies ended last week mixed against the US dollar as dealers awaited a meeting of Group of 20 (G-20) finance ministers for clues on whether they would scale back emergency stimulus measures. The G-20 vowed last Saturday to maintain
      AFP  -  296 words
    • 1484 6 Source: Reuters lompany name consensus no. ot i-orecasi mean i-n s recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Mlgreen Properties Ltd 2.09 2.50 11 6.29 18.44 1.17 1.19 ,RA Asset Mi jt Ltd 2.00 2.00 7.50 10.47 1.03 0.81 .rmstroni nd
      1,484 words
    • 4 6 WEEKLY
      4 words
    • 64 6 Sep 4 VALUE CLOSE BT OB/OS 699.00 +82.00 BT CADI -*****.00+72.00 BT 10-day MA -*****.00+70.00 FTSE ST Mid Cap 603.47 +6.73 FTSE ST Small Cap 546.52 +0.13 FTSE ST All Share 645.66 +5.87 FTSE ST China Top 281.99 +3.71 FTSE ST China 282.67 +3.54 FTSE ST Catalist
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    • 60 6 VOLUME Gentini SP 827,229,000 Sinotel Tech 402,841,000 Golden III 386,015,000 China Honi ixini 370,112,000 MediaRim 211,937,000 LifeBrandz 180,880,000 JiutianC 180,204,000 MFS Tech 177,429,000 Ban Joo 172,545,000 AusGroui 162,780,000 VALUE($) Gentim SP 897,936,515 Wilmar 362,699,404 Sini jTel 351,697,326 DBS Gri 332,999,660 OCBC Bk 317,969,350 SATSvcs 309,962,629 UOB 271
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    • 108 6 CLOSE UP 9691 508.2 3.8 GLD 10US$ DBXT S&P Short 10US$ 6153 234.7 2.7 OCBCCai !.93%Pref10 8080 180.0 2.3 DBXT MSTaiwan 10US! 1446 112.3 5.7 DBXT Ni 10US$ 9750 72.0 0.5 DBS Bk6% NCPS 10 ***** 70.0 0.7 DBXT MSKorea 10US$ 4158 67.7 1.1 Pain irm 607 64.8 8.0
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    • 114 6 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN 4017-211.6 -3.5 DBXTDJE50 10US$ OCBCCai 5.1%NCPS 100 9760-186.0 -1.9 UOB 5.05%NCPS 100 9930-170.0 -1.7 Omei lav 680-110.0 -13.9 DBXT FTVietnam 10US$ 5342-102.2 -1.3 >r LatinAmerica 1 653 -69.1 -6.: JMH 2772 -63.3 -1.6
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    • 82 6 Where S! stands Sep 4 %CHNG CLOSE FRSep3 YR2009 S$ LOW S$ HIGH uss 1.4396 0.06 1.5579 1.4308 Euro 2.0550 0.20 2.0732 1.9150 Pounds 2.3535 0.07 2.4366 2.0356 AS 1.2119 -0.28 1.2171 0.9453 Yen* 1.5506 0.44 1.7278 1.4831 Rupiah* 0.***** 0.11 0.***** 0.***** Baht* 4.2254 0.09 4.3390 4.1040 Peso*
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    • 1437 8  -  TEH HOOI LING OUR portfolios have proved resilient despite the market uncertainties. Last week, most of them firmed, with two marginally down. All beat the performance of the Straits Times Index. The one-year top losers' portfolio was last week's best performing portfolio. It added
      1,437 words
    • 1281 8  -  ROBERT HALILI INSIDE MARKETS By I TRADING among directors fell last week with only 31 trades worth $8.9 million done, based on filings on the Singapore Exchange from Aug 31 to last Friday. The figures were sharply down from the previous week's 47
      1,281 words

  • COMPANY NEWS
    • 864 7 CORPORATE FOCUS Plans to grow profits by new chairman BK Modi has been read positively by investors, reports TEH SHI NING EDIARING made the headlines last week with the entry of its new chairman, flamboyant Indian billionaire BK Modi. Dr Modi's Spice Global took up a
      FILE PHOTO  -  864 words
    • 687 7  -  R SIVANITHY A REPORT last week by the US Securities and Exchange Commission's (SEC's) inspector-general found that regulatory incompetence and inexperienced staff were the main reasons convicted fraudster Bernard Madoff managed to cheat the public and avoid detection for as long as
      687 words
    • 554 9  -  LYNETTE KHOO EGM WATCH Bosses may be asked if the deal is in the best interest of shareholders By CHINASING Investment Holdings directors may have to brace themselves for a flurry of queries at the extraordinary general meeting (EGM) today on its
      554 words
    • 117 9 OCBC IT pays to save for a rainy day and for one lucky OCBC customer, the payout came in the form of a $200,000 windfall. Fifty-three-year-old Teo Teong Ho (in blue shirt, seen here with his wife) received the cash for landing the top prize in the
      OCBC  -  117 words
    • 163 9 .ling Kee A Cheung Kong Electronic Building, 1stFloor4Hing YipSt, Kwun Tong Kowloon, Hong Kong 07-Sep 2.00pm Ihinasing Invest S Topaz Suite, Orchid Country Club, 1 Orchid Club Road, Singapore *****2 07-Sep 9.00am DM Data E 135 Joo Seng Road, #08-01 PM Industrial Building, Singapore *****3 09-Sep 10.00a n
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    • 381 9 Sep4 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of
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  • Page 9 Advertisements
    • 1172 9 w [SATS JL^I JL JL^^> JLj l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF IN THE MATTER OF THE r NOTICE OF EARLY REDEMPTION TO THE THE COMPANIES ACT, CAP. 50 COMPANIES ACT, CAP. 50 NOTEHOLDERS OF AND ANS, .^1 IN THE MATTER OF IN THE
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  • SINGAPORE NEWS
    • 562 10  -  TEH SHI NING Call to effectively manage ageing population, chronic and lifestyle diseases By SINGAPORE'S healthcare system is exemplary in its blending of public and private provision of health care, but there can be greater integration between hospitals and the general practitioners' (GP)
      562 words
    • 316 10  -  LEE U-WEN By A PRIMARY school in China's Sichuan province, which was destroyed by an earthquake in May last year, has been given a new lease of life thanks to a one million renminbi (*****,676) donation from the Nanyang Technological University (NTU). Some 150
      316 words
    • 469 10  -  NISHA RAMCHANDANI By QUESTION: When is a desk not a desk? Answer: When it's a tool to ensure a better work experience and higher productivity. US-based Steelcase designs and manufactures corporate furniture and tech products with that goal in mind. "We do more than
      469 words
  • Page 10 Advertisements
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    • 21 10 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 887 11 More than 100 eager undergrads thronged the conference, says FELDA CHAY SATURDAYS are usually meant for sleeping in, having long lunches with friends, tanning at the beach or indulging in activities to unwind. But this was not the case last Saturday for
      887 words
    • 903 11 CAMPUS LIFE Four graduates are redefining the local media landscape through a new enabling platform, reports MAYBEL CHONG MEDIA students and graduates here will soon be able to catch the attention of potential employers more quickly by allowing their portfolios to be viewed on
      MEDIAECHO LLP  -  903 words
    • 204 11 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
  • Page 11 Advertisements
    • 46 11 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • VIEWS FROM THE TOP
    • 4992 12 THIS WEEK'S TOPIC: What can companies do to help reverse the fall in labour productivity? How can Singapore be faster, better and cheaper? Stephen Lockley Managing Director Sodexo Singapore EMPLOYEES are the most valuable asset of an organisation. So ensuring that they are
      BLOOMBERG  -  4,992 words


  • ECONOMY WATCH
    • 494 14 Reuters G-20 sources said China and India had been among those objecting to detailed talks on climate change [LONDON] Differences between rich and developing countries prevented G-20 finance ministers from agreeing on measures on Saturday to curb global warming, casting more doubt on
      – Reuters; REUTERS  -  494 words
    • 700 14 Reuters [LONDON] Memory chips and beer don't have a lot in common but recent prices rises for both might just be a harbinger of returning corporate pricing power. While companies overall aren't having much luck pushing up prices, they could
      Reuters  -  700 words
    • 486 14 Bloomberg, Keuters [SEOUL] South Korea's government will formulate an exit strategy from its stimulus programme once there are signs the nation's economic recovery is led by business and consumers, Vice-Finance Minister Hur Kyung Wook said. "The accommodative policy should continue until we're
      – Bloomberg, Keuters  -  486 words
    • 515 14 Reuters Gas weakness set to continue over next 2 months: analysts [NEW YORK] The price ratio of US crude oil to US natural gas (natgas) futures reached a record width last week and could stay that way in the long term
      Reuters  -  515 words
    • 413 14 -AFP [MOSCOW] To the relief of its leaders, Russia is finally emerging from the worst economic crisis of the Vladimir Putin era but the slowdown has done nothing to break its chronic dependence on hydrocarbons. Russia which failed to implement significant economic reform
      -AFP; AFP  -  413 words
    • 353 14 ■AFP [HANOI] From lowly rickshaw drivers to restaurants and high-end boutiques, the US dollar is a widely accepted currency in communist Vietnam except in the eyes of the government. Thuy Hang, who owns a fashion shop in the centre of Hanoi, said having
      ■AFP  -  353 words

  • MALAYSIA
    • 587 15  -  S JAYASANKARAN MALAYSIA INSIGHT M'sia can't go wrong if it ties palm oil giant's fortune to world's fastest growing economy LAST week a report in a local news-portal stirred interest among analysts and investors alike. The Malaysian Insider reported that Sime Darby was
      587 words
    • 890 15 Bloomberg [KUALA LUMPUR] Kuala Lumpur baker Serene Chin is having trouble keeping her egg tarts sweet. A sugar shortage prompted her local Tesco pic hypermarket to impose a two-kg-per-customer ration, forcing her to make several trips a week. "This current shortage is
      Bloomberg; BLOOMBERG  -  890 words
    • 200 15 -AFP [KUALA LUMPUR] US fast food giant McDonald's, which has waged an eight-year legal battle with local restaurant McCurry, will today petition Malaysia's highest court in its campaign to strip the eatery of the "Me" prefix. In April, a Malaysian appeals court overturned a 2006
      -AFP  -  200 words
    • 412 15 -AP Selangor bows to pressure from protesting residents [KUALA LUMPUR] A Malaysian state government searched for a new site for a Hindu temple yesterday, bowing to pressure from Muslim residents who staged a gruesome protest against its planned construction that triggered debate
      -AP  -  412 words
    • 2080 15 iep 4 RM Cooo] A& M Realty 0.57 AbricBhd 0.25 advance Synergy 0.15 Adventa Bhd 1.72 Ae Multi Hldgs 0.25 Affin Holdings 1.92 Ahmad Zaki Resou....0.91 AicCorp 0.45 AirasiaBhd 1.43 Akn Technology 0.12 alliance Financi 2.40 aluminium Co 1.04 Amalgamated Ind ....0.46 Vnmb Hldgs Bhd ....4.12 Amtel Holdings
      2,080 words
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  • GREATER CHINA/INDIA
    • 612 16 Reuters Individual QFII quota limit up, minimum lowered; overall quota to stay intact [BEIJING] China announced new draft rules on Friday on inbound portfolio investments, increasing the amount some institutions can invest in the country's stock markets, in a move likely to bolster market
      – Reuters  -  612 words
    • 694 16 -Reuters [SHANGHAI] China's main-land-listed companies look set to avoid an earnings decline this year after strong second-quarter results, spurring analysts to raise their forecasts to a flat performance from a 10 per cent drop. While the brighter outlook has largely been factored into China's
      -Reuters; REUTERS  -  694 words
    • 352 16 Reuters [HONG KONG] Kai-fu Lee, Google Inc's former China chief who quit the search giant this week, yesterday said he will launch his own business to fund Chinese technology start-ups. Mr Lee, described by Chinese media as the face of Google in
      – Reuters  -  352 words
    • 509 16 Reuters Hyundai, Toyota, Ford, GM all make India an export base [MUMBAI] Global carmakers are lining up to make India, home of Tata Motors' Nano, the world's cheapest car, a base for their export operations as they try to cut costs and move
      – Reuters; AP  -  509 words
    • 561 16 Bloomberg Pacific Century Group pays about USssoom for unit [HONG KONG] American International Group Inc (AIG), the insurer bailed out by the US government, has agreed to sell its external fund management business to Hong Kong billionaire Richard Li's Pacific Century Group for
      Bloomberg  -  561 words
    • 311 16 j Bloomberg [NEW DELHI] NTPC Ltd challenged a Bombay High Court order that allowed Reliance Industries to alter its stand on the price at which the company would supply gas to the utility's power plants. "Grave prejudice and irreparable harm and injury
      j ■ Bloomberg  -  311 words

  • ASIA-PACIFIC/WORLD
    • 853 17 -Reuters But agreement in the WTO's stalled Doha round needs a sustained political push [NEW DELHI] A new global commerce deal is within reach if World Trade Organisation (WTO) members are willing to compromise to close the remaining gaps, trade ministers say. But agreement
      -Reuters  -  853 words
    • 675 17 Reuters [WASHINGTON] Political survival will top the agenda for many lawmakers when the US Congress returns to work tomorrow, amid widespread voter discontent over its recent performance. While the debates over health care reform, global warming and banking legislation and the wars in Iraq and
      – Reuters; AFP  -  675 words
    • 564 17 AP Fannie, Freddie still depend on govt aid with no end in sight [WASHINGTON] A year after the near-collapse of Fannie Mac and Freddie Mac, the mortgage giants remain dependent on the government for survival and there is no end in sight. The
      AP  -  564 words
    • 143 17 Reuters [LONDON] British bank HSBC has made a bid of about £1 billion (552.36) for Dutch financial group ING's private banking businesses, according to a report in The Sunday Times. The report that said Singapore's DBS and Swiss wealth manager Julius Baer would
      Reuters  -  143 words
    • 716 17 NYT [LONDON] Its super-fast, su-per-secret oil trading software was called the Hammer. And if the US Commodity Futures Trading Commission (CFTC) is right, the name fit well with an intricate scheme that allowed commodity traders in Chicago working for Optiver, a lit-tle-known company based
      NYT  -  716 words
    • 268 17 Reuters [MADRID] Spain's Telefonica said yesterday that it had reached a deal with China Unicorn whereby each would buy US$l billion worth of each other's shares as part of a strategic alliance. The Spanish telecoms company said in a regulatory statement that its
      Reuters  -  268 words

  • WORLD
    • 573 18 -AFP One year after Lehman collapse, a fragile recovery is underway [WASHINGTON] The causes of last year's financial upheaval remain hotly debated, but many analysts say that a swift and massive response by US authorities may have averted another Great Depression. A year
      -AFP  -  573 words
    • 712 18 NYT [NEW YORK] After the mortgage business imploded last year, Wall Street investment banks began searching for another big idea to make money. They think they may have found one. The bankers plan to buy "life settlements", life insurance policies
      NYT  -  712 words
    • 331 18 Reuters [WASHINGTON] Backers of Boeing Co pushed the Pentagon on Friday to factor an international trade ruling into a renewed competition between the US aerospace giant and its European rival, Airbus. At stake is a projected US$35 billion contract
      Reuters  -  331 words
    • 64 18 AP [BERLIN] Flat screen TV screens are seen on display at IFA, the world's largest trade fair for consumer electronics and electrical home appliances, in Berlin, Germany. Over 1,000 exhibitors, showcasing everything from giant flat screens to the tiniest TV mobile phones, are represented at
      AP  -  64 words
    • 311 18 -AFP [KUWAIT CITY] Kuwait Investment Authority (KIA), the emirate's sovereign wealth fund, has no plans to sell its stakes in US banking giants Citigroup and Merrill Lynch, the finance minister said in comments published yesterday. "The KIA has no intention of exiting
      -AFP  -  311 words
    • 721 18 Reuters [LONDON] Two generations of Murdochs have caused a wave of excitement in the battered newspaper industry in recent weeks with a series of comments and actions suggesting that charging readers for news on the Web is the way forward. Editors the
      – Reuters  -  721 words

  • FOCUS: PHARMA INDUSTRY
    • 1915 19 NYT It eyes USsllb in sales of cancer drugs by 2018 which is four times the category's sales or just 5% of revenue last year [SAN DIEGO] PFIZER'S fortunes in the past were built on cardiovascular drugs, such as the cholesterol buster Lipitor
      NYT; BLOOMBERG  -  1,915 words
    • 664 19 -Reuters [BARCELONA] New drugs to prevent dangerous blood clots promise to shake up the market, but pharmaceutical companies face an uphill fight on price. Cost will be key for both AstraZeneca's Brilinta and Boehringer Ingelheim's Pradaxa as they jostle for sales
      -Reuters; BLOOMBERG  -  664 words

  • AVIATION/SHIPPING
    • 589 20 Capacity contraction by year-end will be the deepest since World War II [NEW YORK] Big US carriers are poised to make more cuts in available seats as the summer travel season ends this weekend, capping the industry's deepest retrenchment since World War 11.
      AP  -  589 words
    • 420 20 Bloomberg [LONDON] Supertanker owners may start refusing cargoes within the next three months unless rates return to a profitable level, said Frontline, the biggest operator of the ships which carry almost half the world's oil. Ship owners are contributing US$942 a day towards fuel
      Bloomberg  -  420 words
    • 332 20 AFP [WASHINGTON] Airlines are stowing pillows and blankets, and rolling out the disinfectant wipes to discourage transmission of the swine flu virus, all the while stressing planes are as "safe" as trains or schools. "The role of aircraft in spreading infection from one part
      AFP  -  332 words
    • 304 20 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell for a fifth consecutive week as easing port congestion and fleet expansion pressured rates to hire capesize-class ships. The index tracking transport costs on international trade dropped 0.2
      Bloomberg  -  304 words
    • 2737 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,737 words
    • TRANSPORT STOCKS
      • 121 20 '000 Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.56 0.31 1.25 0
        121 words
      • 39 20 '000 MS Vol nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 1.00 8.81 8.72 3.05 3.08 unch 0.09 0.01 -0.03 0.01 unch 0.03 unch unch 134 7 334 161 3 0 715
        39 words
      • 14 20 '00 Baht Vol 'recious Ship Regional Cont 17.10 11.80 0.20 -0.20 6746 3943
        14 words
      • 13 20 '000 HKf Vol joil iingamas Cont 42.50 ..1.47 1.05 2556 0.02 *****
        13 words
      • 24 20 '000 Peso Vol Aboitiz Equity ntl Container Keppel Marine Keppel Prop 7.50 21.00 unch unch 0.10 0.50 unch unch 1377 4658 0 0
        24 words
      • 25 20 NTS Vol Evergreen Marine ....20.05 :irst Steamship 38.80 /Van Hai Lines 16.80 fang Ming Marine ..12.75 -0.25 unch 0.25 0.10 4 7 3 10
        25 words
      • 42 20 '000 fen (awasaki Hvy Ind ..232.00 -8.00 ***** (awasaki Kisen 382.00 -9.00 6351 Mitsubishi Hvy 364.00 -6.00 ***** vlitsui Eng&Sbldg ..240.00 -8.00 6520 vlitsui Osk Lines 555.00 -12.00 9739 Mippon Express 390.00 -1.00 4384 MipponYusen 381.00 -9.00 8273 iource: Thomson Reuters
        42 words
  • Page 20 Miscellaneous
    • 374 20 CRYPTIC CROSSWORD Across n —^—^h^—^—^^k?—^^V7—^m^ i He 8 It's tedious outside for exam- __MM__MB__M pie (7) 8 110 10 I retain control through lack hh hh hh H HH of any motion (7) 11 Object to what a kidnapper 112 I might do (4,5) i 12 A hermit isone protected
      374 words

  • DINING OUT
    • 766 21  -  Audrey Phoon NEW MENU BLU Level 24, Tower Wing Shangri-La Hotel Singapore 22 Orange Grove Road Tel: 6213-4598 HERE'S how the story goes: an eccentric genius invites a select few to his factory to experience his weird and wonderful culinary creations. But what seems merely
      766 words
  • Page 21 Advertisements
    • 302 21 r xgj New vibrant freshness unfolds at Szechuan Court with this season's introduction of Mini Snow-Skin Feuilletine-Hazelnut with Wafer Crunch Nuts Mooncake and Baked ,\l *^> '-l "V* Mooncake with Single Yolk in Red Lotus Raste, making their scrumptious and finger-licking .vy^Sii^fc ]&>_> I debut with our exquisite limited-edition Szechuan
      302 words
    • 12 21 Lianhe Zaobao Residential rentals thrive I amid economic I uncertainty lIJ !H!]!!!
      12 words

  • SINGAPORE STOCKS
    • 9218 22 Week ended: Sep 4 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E 16.5 3 3148 STelecom 8 2.5 5834 A-Sonic 31 12 5000 ABR Hldgs 14.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 84.5 26.5 5550 ARA 8 2.5
      9,218 words
    • 1833 23 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 16 5 1181 s AAGrp 26 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 20 8.5 3518 s Afor. 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,833 words
    • 444 23 _Hm Low Code Comi Sale Cooo) _Hm Low Bui Seller C'vr P/E $mil 110 100 6389 ABF SG Bond ETF 754 427 CIMBAsean40 100US$ 274 149 DBS STI ETF 100 4164 3534 DBXT DJE50 10US$ DBXTDJE50Sh 10US$ 3076 1682 DBXTFTChina25 10US$ 5477 3228 DBXT FTVietnam 10US$ 2482 2246
      444 words
    • 235 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
      235 words
    • 122 23 Stock name Close Change Stock name Close Change Stock name Close Change :apital_and 3.770 +0.020 JMH 27.720 +0.220 SIA Engg 2.580 -0.010 litaMal 1.670 -0.050 JSH 15.920 -0.320 SMRT 1.700 +0.010 :it> 'Dev 10.160 +0.200 Jardine C&C 23.460 +0.200 SPH 3.700 +0.020 :omfortDelGro 1.650 +0.070 Kei
      122 words
    • 97 23 Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 7 2 OOP 9 7 2 Manufacturing 118 80 42 16 14 18 134 94 60 Commerce 31 43 14 37 50 19 19 20 19 21 Finance 19 20 Construction 14 14 'ro| 17
      97 words
    • 119 23 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 173.006 173.006 315.488 315.488 Manufacturing 4.116.180 263.714 4.379.894 1.770.225 13.104 1.783.329 Commerce 1.292.268 131.922 1.424.190 661.634 57.000 718.634 Tpt/Stor/Comms 1.048.366 8.657 1.057.023 1.326.420 1.710 1.328.130 Finance 204.227 242 204.469 1.180.263 23 1.180.286 Construction 541.238 160.788 702.026 162.156 5.989 168.145
      119 words
    • 2748 23 Transaction date: Sep 4 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK' \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Jeida Jade Bird Jeijing
      2,748 words
  • Page 22 Advertisements
    • 25 22 Le maitre de I'horlogerie depuis 1875 B""^1|J MV >^"i£S^^^^W( ROYAL OAK OFFSHORE S»"'V- M 1 For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com I m\m J
      25 words

  • Page 23 Advertisements
    • 29 23 Insiders'trades. Brokers'recommendations. Dividend table. TUC Dl ICIMECC XllV/ICC The pages also cover transactions by directors and substantial It DU3IIMC33 I lIVIC3 shareholders. In other words, news you can use.
      29 words

  • FINANCE & COMMODITIES
    • 369 24 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Sep4 World Index Preliminan 767.2 0.6 13.2 0.5 16.2 0.6 16.3 EAFE Preliminai 736.6 0.8 13.5 0.5 18.7 0.7 18.9 Euroi Preliminan 1032.8 1.3 13.3
      369 words
    • 123 24 As at 9am Sep4 )i foreign currency: lurrencies Bid Offer lust dollar 1.1990 1.2360 .an dollar 1.2990 1.3150 luro 2.0420 2.0680 IZ dollar 0.9700 0.9910 iterlini ind 2.3380 2.3680 JS dollar 1.4320 1.4500 .ocal dollars to 100 units if foreign currency: Currencies Bid Offer :hi renminbi
      123 words
    • 151 24 Sep4 Xierniqht -month -months l-months Overnight mode: 1/8 JS$ 1/4 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.35 0.38 0.40 0.43 0.80 1.20 1.30 Offer 0.25 0.28 0.29 0.30 0.60 0.80 0.90 Bid
      151 words
    • 23 24 Sep4 STI Se 2623 IIMSCI Se 312.9 317.2 316.3 "aiwan Se 259.8 263.2 263.2 Source: MF Global (S) He. Ltd
      23 words
    • 17 24 Sep4 Bid Offer -month 1.4399 1.4413 1.4401 1.4416 {-months 1.4403 1.4418 >-months 1.4409 1.4424
      17 words
    • 59 24 Sep4 lelivery flonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low iep 09 2295 2288 2296 2285 30 615 3d 09 2238 2224 2263 2224 1819 9050 tovO9 2218 2197 2236 2197 7349 ***** )ecO9 2207 2190 2226 2190 2781 ***** Total o/p: *****
      59 words
    • 294 24 Sep4 URODOLLAR FUTURES >epO9 3ec09 VlariO lun10 99.6750 99.5350 99.3050 98.9450 5293 3151 3008 2877 EUROYEN TIBOR FUTURES >epO9 99.460 99.460 3ec09 99.495 99.495 Vlar10 99.525 99.525 un10 99.535 99.535 >ep10 3ec10 \/lar11 un11 99.460 99.495 99.525 99.520 99.460 99.500 99.530 99.525 99.485 99.445 99.360 99.300 530
      294 words
    • 175 24 Sep 4 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) O/l lots) 3d 09 MOV09 Dec 09 Ian 10 =eb 10 Vlar 10 218.0 218.5 218.5 219.8 219.8 219.8 132 56 56 56 422 697 901 765 430 568 FSR 20
      175 words
    • 77 24 Sep4 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****H 03.12.2009 -Year BY*****W 03.05.2010 0.32 0.39 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year NXO11OOH 3.625 i-Year NX*****F 3.625 '-Year N*****0S 2.875 O-Year NX*****W 2.500 5-Year NY*****H 3.000
      77 words
    • 100 24 Sep4 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep 09 961.00 982.00 983.75 958.00 Nov09 922.00 941.50 944.00 920.50 Jan 10 927.00 945.50 946.00 925.50 Mar10 927.75 946.25 945.00 926.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 09 33.65 34.08 34.18 33.64 Oct09 33.83
      100 words
    • 74 24 CRUDE OIL PRODUCTS Sep3 origin] t/barrel Close Cham irent blend (1-Mth F) 67.04 -0.65 WTI (Near Mth) 67.94 -0.12 iubai (1-Mth F) 67.87 0.06 "apis blend 71.30 -1.00 i/linas 70.30 0.35 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S8.65 75.60 2.21 0.91 US$/barrel )pec Oil Basket Price 66.65
      74 words
    • 446 24 Sep4 iuro 'en (on 'eso lam 'ouni Australia 0.926 5.750 0.590 6.524 41.111 85.185 0.781 10.449 2.968 1.233 69.781 40.928 1.212 6.449 0.894 27.693 28.683 0.515 0.842 Canada 1.079 6.206 0.637 7.042 44.374 91.946 0.843 11.278 3.204 1.331 75.319 44.176 1.309 6.960 0.965 29.891 30.959 0.556 0.909
      446 words
    • 67 24 Sep4 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates mth mths mths (S$) 0.***** 0.***** 0.***** 6 mths 0.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs
      67 words
    • 153 24 Sep4 Against SS lurrencies Bid Offer Against USS Bid Offer >$IUS$ to one unit of foreign currency: Australian dollar 1.2114 1.2133 0.8415 0.8420 'anadian dollar 1.3078 1.3094 0.9084 0.9087 iuro 2.0547 2.0570 1.4273 1.4275 IZ dollar 0.9824 0.9839 0.6824 0.6828 jterlini ind 2.3523 2.3550 1.6340 1.6343 IS
      153 words
    • 130 24 Sep4 /oz) ;ep_ ;ep_ Hong Kong .ondon 978.00 985.80 979.00 986.80 Sep 04 Sea 03 987.35 983.75 988.15 984.55 Source: Thomson Reuters CAST BAR (S$) SepO4 Buying Sellini Kilobar "48,958.92" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 109.14 311.37
      130 words
    • 68 24 Sep4 ,luminium, 99.7% urity (US$/tonne) Close Previous Cash 1816.25 3 months 1850.00 1819.25 1853.00 Copper, Grade A (US$/tonne) Cash 3 months 6263.75 6275.00 6243.00 6255.00 Lead (US$/tonne) Cash 2296.00 3 months 2305.00 2267.00 2280.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
      68 words
    • 72 24 Sep4 (£/tonne) Close Prev Hii ih/Low ,epO9 1860 1862 1882/1859 )ecO9 1887 1885 1906/1885 i/lar 10 1887 1886 1907/1885 i/lay 10 1887 1886 1907/1890 lOFFEE (US$/tonne) Close Pev High/Low iepO9 1418 1405 1413/1402 Mov09 1448 1420 1449/1418 Ian 10 1471 1441 1470/1438 SUGAR (US tonne) White Close Prev High/Low
      72 words
    • 2517 24 BONDS, WARRANTS EXTENDED SETTLEMENT Fel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 3.5 1 15 12 4.71 56 >036 Advance SCT Ltd W*****9 0.5 1 87 1246 13.00 11 AscendasREIT.ES.0909 172 10 5816 #Asiasons Capital Ltd WO***** 6.5
      2,517 words

  • Page 25 Advertisements
    • 2811 25 The Business Times Shipping Times A __^V __k WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M A^^^V mßnKn&GFlfflWnM V*Trr\ |jji| ■■>■■« TEL *****588 (14 LINES) FAX:*****163 _^^™i 1» 1^ II M Il|Hjll__ BjBIWIjjBWBBIWBWjBB \\^^tt I WAN HAI INt FKL TEL: <03| *****888 FAX: (03| *****283 PEN TEL: <04) *****00 FAX:
      2,811 words

  • Page 26 Advertisements
    • 3261 26 r^VHBHH9i^B9iHI In c eastern car liner, ltd Inn inrFTJ^ I l|2|il \f-~L— 1 I specialize in roro heavy lift upto 450 tons I WEEKLY EXPRESS SAILING SCHEDULE I lßnß^wnTYrrrTr_________________H 1 1 1 1 1 1 1 1 1 --YlxiTTi l?l!H*rw!l7nPpHTfflliTli7ri kv,w liymydlUUl^ VOY Rg.iu.lKT) Lillinq(KT) LCB SIN PKL )KT KUC
      3,261 words

  • BizIT
    • 612 27 Company expects growth to exceed 50% over three years, reports ONG BOON KIAT HOTEL technology service provider Docomo interTouch, a unit of Japanese phone giant NTT Docomo, could seek a public listing in Singapore in three to five years, according to its CEO Charles Reed.
      612 words
    • <what's up>
      • 58 27 BUSINESS intelligence software vendor QlikTech has opened an office in Singapore to support its Asia-Pacific operations and grow the sales of its flagship business intelligence software, QlikView. In conjunction with this, it has appointed veteran staffer Jason Bissell as its managing director of
        58 words
      • 60 27 IT solutions and services vendor Datacraft has clinched a deal to revamp the server and network infrastructure of the National University of Singapore's Institute of Systems Science (ISS). The server consolidation project, which is expected to be completed next month, will involve the deployment of
        60 words
      • 61 27 FANS of Japanese animation and popular culture can look forward to Anime Festival Asia 2009 (AFAO9), which wiU be held at Suntec International Convention and Exhibition Centre, Halls 403 and 404, onNov 21 and 22. AFAO9 will also incorporate a one-day business conference, Animation Asia Conference
        61 words
      • 74 27  -  ONG BOON KIAT EXPLOIT Technologies, the commercialisation arm of the Agency for Science, Technology and Research (A*STAR), has inked a deal with the Institution of Engineers, Singapore (lES) to boost angel investment in Singapore. The deal is under Exploit's Angel Investment Management (AIM) initiative.
        74 words
    • 300 27 Bloomberg [SEOUL] LG Electronics Inc, the world's second-biggest maker of liquid-crystal-dis-play televisions, said the company aims to increase shipments by about 47 per cent next year, driven by demand from emerging markets. LG expects to sell 25 million LCD TVs
      – Bloomberg  -  300 words
    • 613 27  -  YEO GEK CHENG &lt;you say&gt; By PRIME Minister Lee Hsien Loong has warned of another wave of retrenchments here later this year, even as a Straits Times report said that Singapore's job losses doubled to 12,400 in the second quarter. A
      613 words
    • 710 27 -AP [SAN FRANCISCO] The final assault on a class-action settlement that would expand Google Inc's already vast digital library has been delayed to tomorrow. US District Judge Denny Chin extended the deadline until 10 am EDT (1400 GMT) tomorrow for
      -AP; AP  -  710 words
    • 850 28  -  WINSTON CHAI Singapore could play a major role in Nokia's attempt to redefine its playing field By in Stuttgart, Germany FROM forging new application partnerships to opening its software development toolkits, the world's largest handset maker is going on an all-out charm offensive to
      850 words
    • 337 28  -  WINSTON CHAI By in Stuttgart, Germany A SIX-MAN local technology start-up may have found a way to extend the acceptance of credit cards beyond high-end boutiques and restaurants to neighbourhood coffeeshops and convenience stores. The solution, mooted by homegrown developer 2C2P, replaces conventional credit
      337 words
    • 288 28 [WASHINGTON] A Canadian company in a patent dispute with Microsoft said that it expects to ultimately triumph in the case despite a court ruling allowing the US software giant to continue selling Microsoft Word. A US District Court judge in Texas ruled
      288 words
    • <what's new>
      • 118 28 HTC Corp has launched the Hero, the Taiwanese vendor's latest smartphone based on Google's Android operating system. A quad-band mobile phone available in white and brown, it features a 3.2-inch touchscreen with a resolution of 320x480 pixels, 5-megapixel camera, microSD memory card slot,
        118 words
      • 133 28 COURTS and Star Hub has jointly launched the Courts 1-2-3 Mobile Pack, a mobile phone scheme with credit financing and instalment repayment options. Two plans are available: the Value Plan at $79.90 per month for 700 minutes of talk time, 500 SMSes and
        133 words
      • 151 28 SEVEN new digital cameras and three digital camcorders by Samsung Electronics will be landing here in the second half of this year. Among the highlights: the STSSO and STSOO (picture), two compact 12.2-megapixel cameras that feature the novel concept of dual LCD
        151 words
      • 110 28 A NEW "3D signature panel" user interface promises to give users of Sony Ericsson's upcoming Xperia X 2 smartphone a more intuitive way of navigating the smartphone's broad range of applications. And with 14 preloaded interface panels and 16 more to
        110 words
      • 173 28  -  ONG BOON KIAT CREATIVE Technology has unveiled the ZEN X-Fi2, a media player with broad format support and a slew of rich features. Notably supporting Apple's AAC and the Free Lossless Audio Codec (FLAC) audio formats, it also plays music files that are
        173 words