The Business Times, 12 September 2009

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Microfilm: NL30145
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg September 12-13,2009 ssi.oo mica(p)l24/08/2009 qfl A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon Lehman debacle – and the lessons not learnt
    880 1  - Lehman debacle and the lessons not learnt Vikram Khanna By vikram@sph.com.sg Singapore ON Wall Street, they call it 9 /15 a financial version of 9/11. It was the day Lehman Brothers collapsed. As we know, all hell broke loose after that. The global financial system went into cardiac arrest. Banks
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  • Article
    Lock icon COMEX RAID
    29 1 Police seize pirated software POLICE raided a retailer at the show and seized 55 China-made "Losang" branded laptops installed with unlicensed Microsoft Windows XP Professional software. 2
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  • Article
    Lock icon LISTING PLANS
    25 1 Mapletree plans Spore Reit IT is poised to list a Reit in Singapore that could hold up to Ss4 billion in assets. 2
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  • Article
    Lock icon CRASH ECHOES
    42 1 Renault sues Piquets RENAULT have launched criminal proceedings against Nelson Piquet junior and Nelson Piquet senior for making false allegations and blackmail in relation to claims that the team conspired to fix the outcome of the 2008 Singapore GP. 6
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  • Article
    Lock icon FROM THE DESK OF
    25 1 Technology and fighting epidemics DATA integration can play an important role in helping a country's healthcare industry to combat pandemics. 114
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  • Article, Illustration
    Lock icon Anniversary of a near-death
    1385 1  -  Michelle Quah One year from the day the financial system stared into the abyss, how the world has changed By michquah@sph.com.sg Singapore IN THE days following that fateful collapse of Lehman Brothers almost exactly a year ago, Mohamed El-Erian, CEO of Pacific Investment Management Co, the
    BLOOMBERG  -  1,385 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
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      41 1 J/Kk ii ii km 11 is )\m-ksath >\ -^"%'J^ CEOS' HAWKER GUIDE WEALTH WAkM WALTER, DEUTSCHE Hokkien prawn noodles Wrap services 1 BANK CHIEF ECONOMIST 89 "3fW^F L6 7 unravelled 30 31 fk WORK EAT OUT fr^ilm at Tanjong Pagar L2 ~4
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  • TOP STORIES
    • Article
      Lock icon MARKETS
      17 2 YSTI 2,681.03 (-0.99) T STI FUTURES 2,681.00 (-1.00) SIMSCI 320.97 (+0.17) T SIMSCI FUTURES 321.00 (+0.30)
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    • Article
      Lock icon STOCKS
      47 2 KL COMP 1,208.28 +7.00 NIKKEI 225 10,444.33 -69.34 HANG SENG 21,161.42 +91.86 SET 707.81 +4.72 JAKARTA 2,415.94 +4.08 MANILA 2,870.83 +34.92 KOSPI 1,651.70 +7.02 SHENZHEN B 524.39 +8.16 MUMBAI IND 16,264.30 12 noon EDT +47.44 Chanpe 12 noon EDT DOW 9,612.22 Change -15,26 NASDAQ 2,080.42 -3.60
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    • Article
      Lock icon PRIME RATES
      29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 5,55 HONG KONG 5,00 INDONESIA 16,199 TAIWAN 4,776 JAPAN 1,475 KOREA 9,33 BRITAIN 050 US 3,25 CANADA 2,25 SWITZERLAND 0,52 INDIA 11,75 Source-
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      48 2 us$ 'S$ »er US$; 1.422 ;us$/s$ lertf 1.670 2.375 EURO. vs$, 1% 1.461 2.077 Foreign currency per US$ S$ YEN 90.90 63.90 RM 3.490 2.454 HK$ 7.750 5.449 BAHT 33.97 23.88 RUPIAH 9,915 6,972 RENMINBI 6.828 4.801 INDIAN RUPEE 48.54 34.13 A$ 1.158 0.814 NZ$ 1.419 0.998
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    • Article, Illustration
      Lock icon Mapletree plans Singapore Reit
      442 2 Reuters Singapore MAPLETREE Investments, the property unit of Singapore's Temasek Holdings, is poised to list a real estate investment trust (Reit) in Singapore that could hold up to Ss4 billion in assets, a top executive said. CEO Hiew Yoon Khong said yesterday the listing of the
      Reuters  -  442 words
    • Article
      Lock icon Police seize pirated software in Comex raid
      342 2  -  Ong Boon Kiat Laptops carried pirated Windows XP software By boonkiat@sph.com.sg Singapore SINGAPORE'S largest IT trade show, Comex, saw some unexpected excitement yesterday when police showed up to raid a retailer and seized laptops loaded with pirated Microsoft Windows software. According to a
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    • Article
      Lock icon Hearing wraps up on market rigging case
      559 6  -  Chew Xiang Tan Chong Koay and Pheim have four weeks to file closing submissions By xchew@sph.com.sg Singapore A TWO-WEEK hearing into alleged market rigging by a Malaysian fund manager ended yesterday in the High Court after the cross-examination of the defendants' expert witness.
      559 words
    • Article, Illustration
      Lock icon Renault starts legal action against Piquet, his father
      892 6 AFP, AP, Reuters Monza, Italy RENAULT has launched criminal proceedings against Nelson Piquet junior and Nelson Piquet senior for making false allegations and blackmail in relation to claims that the team conspired to fix the outcome of the 2008 Singapore Grand Prix.
      AFP, AP, Reuters; AP  -  892 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      30 2 ay£|« ***** sq ft Total 2 Plots 'Nice Wide Frontage I Elevated Land m&& -Panoramic View Quiet and Easy Access to Tanglin Road I Attractive Price Newsman Sole Marketing Agent
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  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      59 2 NEWS LIVING Top Stories 2-6 fining L*7 Week in Review 7 Weekend With IJ Raffles Conversation 8, 9 Shopping LlO-11 Companies 10-13 I^-& From The Desk Of 14 Singapore 15-17 «^^^rfj Stocks Stats 23-27 j rave L l 2 _i 3 Perspective 28-29 Home Garden LT4-T5 Wealth 30-34 Sport LT6
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      203 5 3.16PM 5.39PM 6.10PM EXPERTLY CATERING TO YOUR NEEDS. READY TO SERVE. WITH GENEROUS POLISHING UP EVERY DECADES OF EXPERIENCE IN MEETINGS, AMOUNTS OF WARMTH, ATTENTIVENESS DETAIL. WE'RE HERE TO BANQUETS AND EVENTS MAKE US AND SMILES TO MAKE YOUR GUESTS HELP MAKE YOUR EVENT NATURALLY METICULOUS. FEEL COMFORTABLE. EVEN MORE
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • Article
        Lock icon Corporate defaults may peak in Q1 next year
        71 7 ANALYSTS are expecting corporate defaults to peak in the first quarter of 2010, notwithstanding the recent economic recovery across the globe. More distressed debt could emerge, even in Asia-Pa-cific, they say. Year to date, the total number of global corporate issuers that
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      • Article
        Lock icon US direct investments in S'pore top US$100b
        64 7 AMERICAN direct investments in Singapore crossed the US$lOO billion mark last year, making Singapore the biggest investment destination for US multi-national companies in Asia. And no wonder. The latest figures released by the United States Department of Commerce also show that despite the
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      • Article
        Lock icon Abu Dhabi suitor woos Chartered with $2.5b bid
        69 7 THE widely anticipated sale of Chartered Semiconductor Manufacturing is on the point of being realised as Abu Dhabi's Advanced Technology Investment Corporation (ATIC) put a $2.5 billion privatisation offer on the table. The offer excludes about $3.1 billion in Chartered's debt and
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      • Article
        Lock icon New law clears air on insurance beneficiaries
        55 7 BUYERS of life assurance, accident or health policies can nominate their beneficiaries under the Insurance Nomination law that took effect this month. The law finally clears up ambiguities relating to beneficiary nominations under previous legislation. Under the new framework, policy-holders have two options
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      • Article
        Lock icon The US taxman comes knocking on Asian doors
        53 7 THOUSANDS of American taxpayers in Asia are facing a Sept 23 deadline to disclose their undeclared offshore assets as the United States government steps up its drive against non-compliance. The number affected including US citizens and Green Card holders, past and present
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      • Article
        Lock icon Lonza to set up cell therapy plant here
        61 7 SWISS contract manufacturer Lonza on Tuesday broke ground for a 30 million Swiss franc (Ss4o million) cell therapy plant here, which is touted to be among the three biggest facilities of its kind in the world today. The cell therapy plant will
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      • Article
        Lock icon Genting raises stakes with $1.63b rights issue
        79 7 CASINO operator Genting Singa- pore announced on Wednesday that it planned to raise "up to $1.63 billion" through a one-for-five rights issue to build up a war chest for acquisitions and to strengthen its balance sheet. Genting said in a statement that 60
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      • Article, Illustration
        Lock icon AUM soar again after last year's plunge
        130 7 ASSETS under management (AUM) in Singapore fell 26 per cent year-on-year to $864 billion in 2008, taking the five-year average AUM annual growth rate down to 16 per cent, Finance Minister Tharman Shanmugaratnam said yesterday. But in a sign that fund flows have
        BLOOMBERG  -  130 words
      • Article
        Lock icon S'pore tycoons rise and fall in roller-coaster ride
        78 7 THERE'S just no stopping the rich. Singapore's top 40 richest people emerged with a total net worth of US$39 billion, up 22 per cent from US$32 billion a year ago, the 2009 Forbes Asia Singapore Rich List showed. Out of the 40,19
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  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      335 7 CRYPTIC CROSSWORD Across H mWz —_____3—^ —-.Hs mWZ —ij^F —I c"?,;lu' ;tl,:,n in 8 Going round in the __BH__BB__H H__PL_jjH_Jß^_ resulting from industrial morning, criminal pinches 8 p I'< T action? (8) one (7) —h—^m—^m—^M h h 9 Vehicle clipped vagrant (4) 10 Very old worker drinking _-JB__PB__PB__HL_^B__P__L_H 15 Spanish
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      92 7 NEXT WEEK Sept 14-18/09 US DATA Sept 15 Core PPI Aug Retail sales Aug Business inventories July Sept 16 Core CPI Aug Capacity utilisation Aug Industrial production Aug Building permits Aug Sept 17 Housing starts Aug SINGAPORE DATA Sept 15 Retail sales and catering sales indices July Sept 17 Merchandise
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Practically speaking
      2545 8  -  Anna Teo Deutsche Bank chief economist Norbert Walter, a man of words and ideas, is still very much a hands-on person. By m ORBERT Walter ditched his office suit and donned overalls to man a vegetable stall at Frankfurt's Schiller Market one cold summer day, brows furrowed as
      YEN MENG JIIN  -  2,545 words
    • Article
      Lock icon Raffles
      76 8 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
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  • FOCUS
    • Article, Illustration
      Lock icon Market opportunities and uncertainties
      551 9  -  Neil Behrmann ANNIVERSARY OF LEHMAN BROTHERS' COLLAPSE The recoveries from March lows are an adjustment from the extreme declines that led to the nadir London correspondent pansion of stock market, property, commodity bubbles and the reaction of the government. Indeed, both Hong Kong and Singapore stock-market
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    • Article, Illustration
      Lock icon Why Lehman was allowed to go under
      713 9  -  Andrew Marks By btworld@sph.com.sg New York SEPT 15, 2008 was the devastating day when everything changed forever. Merrill Lynch agreed to sell itself on Sunday to Bank of America for roughly US$5O billion, while Lehman Brothers filed for bankruptcy protection and hurtled towards
      BLOOMBERG FILE PHOTO  -  713 words
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  • COMPANIES
    • Article
      Lock icon Five S'pore firms in best SMEs list
      476 10  -  Jamie Lee Thomson Medical a new entrant in 'Asia's 200 Best Under A Billion' list By leejamie@sph.com.sg Singapore SINGAPORE companies making it to the Forbes' list of the best 200 Asia-Pacific companies earning less than US$l billion in sales shrank to five from
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    • Article
      Lock icon Can Chartered turn the corner under new owner?
      546 10  -  Winston Chai CORPORATE FOCUS Analysts say it'll still be an uphill battle for ATIG against the world's largest chipmaker, TSMG. By THE takeover of Chartered Semiconductor Manufacturing by Advanced Technology Investment Company (ATIC) will give the Singapore foundry more breathing room in
      546 words
    • Article
      Lock icon UOB Life Assurance up for sale?
      152 10 Reuters Singapore UNITED Overseas Bank is selling its life insurance unit, according to sources involved in the auction, in an effort to shed a non-core asset and raise up to US$5OO million in the process. Sources say HSBC is advising the company on the
      Reuters  -  152 words
    • Article, Illustration
      Lock icon Penny stocks, the herd instinct and 2,700
      626 11  -  R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent ON the face of it, the week just past was all about the Straits Times Index's (STI) flirtation with the 2,700 level thanks to a firm Wall Street whose influence probably superseded that of the China market
      626 words
    • Article
      Lock icon China Kunda secures mould deal with BYD
      271 11  -  Lynette Khoo By lynkhoo@sph.com.sg Singapore CHINA Kunda has secured its first mould contract with BYD Company Ltd, a major Chinese auto maker listed in Hong Kong. It will supply a set of double-shot plastic injection mould, an in-house developed technology, to BYD for
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    • Article
      Lock icon TOP 20 ACTIVES
      112 11 ientinj SP 157,992 110 AO -3! )MX Tech 75,282 49 1.5 3.; )ceanus 53,713 38 1.0 2'., iolden 51,667 47.5 -1.0 -21 Honj 50,789 225 -0.5 -2; JanJooWl ***** ***** 4.5 -0.5 -10.( ;eHui Sen! 33,931 46.5 2.0 4! vP Tech 31. !06 1.0 14.: :rasersComm 29,198
      112 words
    • Article
      Lock icon STI STOCKS
      51 11 apitaLand 3.870 +0.020 litaMall 1.760 +0.020 :if 'Dev 11.080 +0.020 :omfortDelGro 1.620 -0.020 ]osco Corp 1.280 -0.020 IBS Grp 13.100 +0.060 :&N 4.010 -0.060 ientin: SP 1.100 -0.040 iolden Agri 0.475 -0.010 IK Land 4.250 +0.090 IMH 30.000 -0.540 ISH 17.260 -0.100 lardine C&C 23.640 -0.480 Corp 8.190
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    • Article
      Lock icon TOP GAINERS
      60 11 BY CENTS UP CLOSE DBXT FTVietnam 10US$ 5448 126.5 1.7 GLD 10US$ 9804 96.7 0.7 SIA 1346 48.0 3.7 Kei Con i.ES.0909 826 42.0 5.4 B Sembawanj 491 38.0 8.4 BukitSem W*****8 259 37.0 16.7 SIA 200 1344 32.0 2.4 OCBC Bk 4.5%NCPS 100 9380 30.0 0.3 Kei
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    • Article
      Lock icon TOP LOSERS
      107 11 BY CENTS CLOSEDOWN OCC3.93%NCPS10 7900 -200.0 -2.! JMH 3000 -76.8 -1.! Jardine C&C 2364 -48.0 -2. DBXT FTChina25 10US$ 3007 -42.7 -1.1 DBXTS&P Short 10US$ 5905 -42.7 -0.! UOB.ES.0909 1694 -36.0 -2.1 India Nifb 10 1399 -33.0 -2.: UOB 1686 -28.0 -l.i Great Eastern 1400 -26.0 -1.! Omej
      107 words
    • Article
      Lock icon Asia's wealthy shunning exotic investments: DBS
      460 12 Bloom- berg Shift towards stocks and bonds crimping industry profit margins, analysts say Singapore RICH individuals in Asia are shunning "exotic" investments such as derivatives and hedge funds in favour of stocks and bonds, challenging efforts to boost private-banking revenue, according to DBS Group
      Bloom-; berg  -  460 words
    • Business briefing
      • Article
        Lock icon Ezra secures charter deals worth US$152m
        50 12 OFFSHORE support services player Ezra Holdings has secured charter deals worth US$l52 million for three vessels. The three anchor handling, towing and supply vessels will be chartered out for operations in South-east Asia for periods of 5.5 to six years, inclusive of extension options.
        50 words
      • Article
        Lock icon Ntegrator clinches $22m in SingTel contracts
        40 12 NTEGRATOR International has secured two contracts worth $22 million from Singapore Telecommunications. The contracts covering the rollout of the fibre-optic infrastructure under Singapore's National Broadband Network project are scheduled to end by December 2012.
        40 words
    • Article
      Lock icon Outlook for rig-builders: rosy or bleak?
      417 12  -  Vincent Wee By vincewee@sph.com.sg Singapore lar group of European banks." THE difference in perceptions of rig-builders' fortunes is as wide as an ocean, it seems, with a report showing European investors see things very differently from those in Asia. According to the Citi Investment
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    • Article
      Lock icon Lafe director's assets under receivership
      276 12  -  Lynette Khoo By lynkhoo@sph.com.sg Singapore THE Hong Kong court has appointed receivers over the assets and undertakings of tycoon Christopher Ho, including his deemed stake of 52.6 per cent in Singapore-listed Lafe Corporation. The company is not a party to the legal proceedings involving Mr
      276 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      145 10 please phone for PricewaterhouseCoopers Centre, 119 Armagh Street, Christchurch This is the largest of the Christchurch office towers and retains a dominant position as a market leader for quality office space with its exceptional views of the city and Southern Alps, secure onsite car parking and large practical floor plates.
      145 words
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  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      152 12 1 Located in a private club between Turns 8 (Memorial) I and 9 or the race circuit, the St Andrew's and I Esplanade Terraces offer you a place at the heart of I the race action. F&B with room stay packages are I available for interested parties. Room stays without
      152 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Technology and the fight against epidemics
      1054 13  -  Suganthi Shivkumar Data integration can play an important role in helping a country's healthcare industry to combat pandemics FROM THE DESK OF By Managing Director, South Asia Informatica MENTION the word "epidemic", and images of fear and widespread panic will most likely appear before
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  • SINGAPORE
    • Article, Illustration
      Lock icon Declining sales orders top challenge for SMEs
      491 14  -  Chen Huifen SCCCI survey indicates success of govt-backed loan schemes; findings also reflect lacklustre business climate By xuifen@sph.com.sg FALLING demand for their goods and services was the top business challenge faced by SMEs in Singapore, more so than high business costs or access
      491 words
    • Article
      Lock icon Dalian Ascendas in phase 3
      359 14  -  Teh Shi Ning By tshining@sph.com.sg ASCENDAS yesterday launched the Ss4o million Phase 111 of its IT Park in Dalian, and unveiled plans for a new low-rise leisure hub, which is to be a key feature of the park. This third phase of the Dalian Ascendas
      359 words
    • Article
      Lock icon Barclays Wealth seeks 120 grads
      283 14 BARCLAYS Wealth is set to hire 120 graduates for its 2010 Private Banking Graduate Programme, double its intake of graduates from the 2009 programme. "The wealth management industry faces a talent shortage and one of the ways in which we are looking to resolve this
      283 words
    • Article
      Lock icon A*Star awards $12.2m in grants
      220 14 THE Agency for Science, Technology and Research (A*Star) has awarded $12.2 million through its Science and Engineering Research Council (SERC) to fund 17 projects. The projects are in the areas of media and entertainment, medical technology, education, water, information communications, chemicals, energy and electronics. The
      220 words
    • Article, Illustration
      Lock icon Profitability of IRs in doubt: Citi analyst
      829 15  -  Arthur Sim To achieve US$l.56 billion in revenue each, both will have to attract a combined total of 31 million visitors annually By simska@sph.com.sg CAN the integrated resorts count on Singaporeans to gamble enough to make them profitable? Citi has doubts. In a
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    • Article, Illustration
      Lock icon Asia at risk of asset bubbles: Fosler
      540 15  -  Emilyn Yap By emilyny@sph.com.sg THE president of a prominent US research group has joined the growing ranks of economists warning against escalating asset prices in Asia. The huge fiscal stimulus packages and flush liquidity set "the stage for asset bubbles to move out
      540 words
    • Article
      Lock icon Cerebos to hold charity sale for ST Pocket Money Fund
      211 15 HEALTH tonic and supplements maker Cerebos Pacific will be organising a charity sale on Sept 16 and 17 in aid of The Straits Times School Pocket Money Fund (STSPMF). The sale will see the company sell its Brand's products at
      211 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      126 14 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF G.W. FOUNDATION PTE. LTD. (Company No. *****7392W) (IN MEMBERS'VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE OF HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of the Members
      126 words
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  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      2138 16 JAPAN LAND LIMITED A Itl W\ (Company Registration No. *****7417K) Jr\mr\mM (Incorporated in the Republic of Singapore) NOTICE OF 11TH ANNUAL GENERAL MEETING r»-,- h fc NOTICE IS HEREBY GIVEN that the 11th Annual General Meeting (AGM) of Japan Land Limited (Company) will t"° praxies to attend and vote in
      2,138 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Article, Illustration
      Lock icon A journey of fortitude
      828 17  -  Derrick Tan Kee Chong LETTER FROM I TAIWAN I International Programme Manager covering North Asia Mercy Relief We invite Singaporeans living overseas or posted abroad to write about life, culture and doing business where you are. Send your dispatch to btletter asph.com.sg along with a photo
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  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      196 17 NOW DEFINING GLOBAL LIVING n IfErf 3fo i&ESJ Ideally located in downtown Seoul by the north of the Han River, Somerset DAILY RATES «^H| Palace, Seoul offers a tranquil environment with beautiful gardens, STARTING FROM f gj^g^^_ right in the heart of the city's diplomatic, business and financial districts. 'f
      196 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      11 17 THE ASCOTT GROUP AMemberofCapitaLand Thisseries is broughttoyou by The Ascott Group
      11 words
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  • WORLD
    • Article, Illustration
      Lock icon Taiwan's Chen convicted, gets life sentence
      482 18 AP Ex-president's wife also found guilty of graft, receives same life term Taipei A TAIWAN court imposed a life sentence on former President Chen Shui-bian after convicting him of corruption yesterday, marking a watershed in the island's turbulent political history. Chen's wife Wu Shu-chen
      AP; BLOOMBERG  -  482 words
    • Article
      Lock icon John Mack steps down as Morgan Stanley's CEO
      458 18 Bloomberg New York JOHN Mack, who struggled to return Morgan Stanley to profitability after surviving the worst financial crisis since the Great Depression, will turn over his chief executive officer title to co-president James Gorman. Mr Mack, 64, will step down at
      Bloomberg  -  458 words
    • Article
      Lock icon Consumer sentiment up
      256 18 Reuters, Bloomberg LATEST US DATA New York US consumer sentiment rose in early September to the strongest in three months with growing expectations that the economy will improve, a survey showed yesterday. The Reuters/University of Michigan Surveys of Consumers said its preliminary index of sentiment for September
      Reuters, Bloomberg  -  256 words
    • Briefing
      • Article
        Lock icon UBS to close New York City gallery
        50 19 Bloomberg •k ÜBS will close its New York-based art gallery next month as a result of cost-cutting measures, it said. The ÜBS Art Gallery, which was opened in midtown Manhattan in 1985, will shut down after its current show ends on Oct 27.
        Bloomberg  -  50 words
      • Article
        Lock icon MadofPs Palm Beach mansion lists for US$8.5m
        52 19 A WATERFRONT Palm Beach mansion once owned by disgraced financier Bernard Madoff was put on the market on Thursday for US$B.5 million, while his Manhattan apartment will have an asking price of US$9.9 million. Proceeds from the properties will go to Madoff s
        AP  -  52 words
      • Article
        Lock icon 888 in gaming deal with Harrah's
        32 19 Reuters in ONLINE gaining firm 888 said yesterday that it signed a long-term deal with Harrah's Entertainment, a major casino operator, for 888's online gaming services.
        Reuters  -  32 words
    • Article, Illustration
      Lock icon Asia-Pac business, private jets sector poised to take off
      642 19  -  Yen Sreenivasan Market in this region never as depressed as in the West during the past year By ven@sph.com.sg Singapore THE private jets and business aviation market in the Asia Pacific has remained relatively resilient in the face of the economic
      MILLIONAIREASIA  -  642 words
    • Article, Illustration
      Lock icon Japan revises down growth rate after a weak Q2
      586 20  -  Anthony Rowley More-than-expected fall in inventories one of the reasons for the unexpected downgrade By btnews@sph.com.sg Tokyo THE Japanese economy recovered less dramatically from recession during the second quarter of this year than had been previously believed, the government said yesterday
      AP  -  586 words
    • Article, Illustration
      Lock icon Confidence back in markets: Geithner
      402 20 AP Washington TREASURY Secretary Timothy Geithner said on Thursday that a number of government rescue efforts in place since the Wall Street crisis are no longer needed and that banks will repay US$5O billion in rescue funds over the next 18 months. Mr Geithner, testifying
      AP; AFP  -  402 words
    • Article
      Lock icon Media firms team up to assess TV watchers
      528 21 LAT-WP Frustration with Nielsen growing as TV meters not properly used Los Angeles IF you don't like the message, get a new messenger. Worried that more people are seeing their programmes than is being given, a consortium of 14 major media companies,
      LAT-WP  -  528 words
    • Article, Illustration
      Lock icon Recession fallout: 40m go below poverty line in US
      573 21 AFP Washington NEARLY 40 million people in the United States lived below the bread line last year as the recession snuffed out jobs, dragged down incomes and boosted the poverty rate, official data showed on Thursday. Last year's poverty rate of
      AFP  -  573 words
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  • SGX
    • Article
      Lock icon Transaction date: Sep 11
      9107 22 SZ-wks Tel Ugh Low Code Company Last Sale Vol Cooo) Day Last Quote High Low Buyer Seller Div GrYld Net C'vr P/E M Cap Smil 6.5 3 3148 8Telecom I 2.5 5834 A-Sonic II 12 5000 ABR Hldgs 4.5 5.5 1938 AEI Corp 1 1 1100
      9,107 words
    • Article
      Lock icon SGX CATALIST
      1526 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 6 5 1181 s AAGrp >_6 12 8538 t APStrategic 0.5 1501 s Advanced System '.5 2 3480 t Adventus >.O 8.5 3518 s Afor 2.5 2 1524 t Alantac 1 3.5 7814 t Albedo
      1,526 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      44 25 Up Down Unch 115 2 Up Down Unch OOP Up Down Unch 115 2 lulti Ind lanui FactuTTFTi .ommerce -inance .onst ;rud ;ion jerties Totel Sts" >ervices >as/ ler ;ure larr Active counters with no volume for todai are not included
      44 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      176 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
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      Lock icon BT SHARE INFORMATION SERVICE
      813 25 For week beginning Sep 7 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) Stock Trans Date Substantial Shareholder/ Director Buy Sell Cony No of Shares *000 Price Per Shr$ SHAREHOLDING Before After (*000) (*000)
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      30 22 iUDEMARSPIGUET *^^fß6'^^K t i i c T |A K i jrf^^^ i IB^^^^^k. I IN UI t KbrbAl bn, For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com mt* V>* S"^5^V S-
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  • MARKETS
    • STOCK MARKETS
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        Lock icon Straits Times Index
        3 26
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        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        363 26 SeplO dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 788.8 0.4 16.4 0.6 19.6 0.4 20.7 EAFE Preliminai 757.2 0.5 16.6 0.7 23.3 0.5 24.5 Euroi Preliminai 1062.5 -0.1 16.6 0.2 24.9 0.0 26.2 Pacific 632.0 1.7
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        4 26
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        Lock icon INTERBANK CURRENCY RATES
        145 26 Sep 1l\ :urrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 1.2269 Offer 1.2288 Bid 0.8631 Offer 0.8636 :anadian dollar 1.3204 1.3222 0.9289 0.9292 iuro 2.0758 2.0784 1.4603 1.4607 IZ dollar 1.0014 1.0029 0.7045 0.7048 jterlini 2.3732 2.3762 1.6695 1.6700 IS dollar 1.4215 1.4229 >$/US$
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        Lock icon LIFFE
        72 26 I IOCOA (£/tonne) Close Prev Hie fLow lepO9 1917 1899 1926/1894 )ecO9 1944 1927 1955/1913 /lar 10 1946 1928 1955/1912 /lay 10 1951 1930 1959/1920 :OFFEE (US$/tonne) Close Pev High/Low 5epO9 1463 1479 1470/1458 \lov09 1478 1495 1506/1466 Ian 10 1500 1518 1529/1492 SUGAR (US tonne) White Close Prev
        72 words
      • Article
        Lock icon CHICAGO BOT
        97 26 Sep ?o| LNS (5,0( 300 bu min; bushel Close Previous Hi] l/Low 5epO9 973.50 961.50 979.00 961.50 \lov09 926.50 928.50 935.00 925.00 Ian 10 933.50 935.75 941.50 932.00 viariO 938.75 941.00 946.50 937.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low 5epO9 33.70 33.73 34.00 33.62 DctO9 33.86 33.89
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        Lock icon OIL
        75 26 Sep ?o|| CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 70.23 -1.00 72.03 0.73 69.95 0.65 71.80 0.75 73.95 0.75 PRODUCT USS/barrel (FOB Spore) Close Change Naphtha Jet Kerosene 67.67 -0.23 76.20 0.60 USS/barrel Opec Oil Basket Price
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        Lock icon METALS
        68 26 Sep 1 i[ loz] iep_ iep long Kong 996.70 990.20 997.70 991.20 Sep 10 Sep 09 .ondon 993.00 996.30 993.80 997.10 Source: Thomson Reuters SILVER Selling Buying 'assbook 1 oz 23.74 23.51 Source: DOB >LATINUM Lon (US$/oz) Sep 10 Close Previous 'M Fix 1279.*****6.00 M Fix 1281.*****3.00 Source: Thomson
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        Lock icon PALM OIL
        60 26 Sep 1l\ lelivery fonth Opening Range Sett Price Av Price Law Vol Done Open Positioi Hi, Sep 09 2240 Oct 09 2206 Nov09 2194 Dec 09 2180 Total o/p: ***** contracts 2210 2240 2230 2180 2244 2175 2145 2205 2140 2132 2188 2130 Turnover: ***** lots Market tone:Lower
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        Lock icon LONDON METALS
        76 26 Sep ?o| Uuminium, 99.7% mrity (US$/tonne) Nickel -us: /tonne* Close Previous Close Previous Cash 3 months Tin (US$/Lonne' *****.00 *****.00 *****.01 *****.01 :ash months 1822.25 1854.00 1858.00 1889.00 lopper, Grade A :us$; "onne) lash J months 6278.00 6294.00 6399.50 6415.00 Cash 3 months *****.00 *****.00 Grade (US$/ I
        76 words
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  • PERSPECTIVE
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      Lock icon More than a bright spark
      918 27  -  By Bill Fischer In innovation, more 1 ideas are always better, anyteams, by virtue of merely having'more brains/are lively to^ have more ideas. SO MANY articles these days recount the power of strange, but wacky, individual inventors. Yes, we all know about how so many
      STOCK.XCHNG  -  918 words
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      Lock icon Holy grail of sisterhood
      1438 27  -  Deborah Tannen By a~W" ~W" ""▼"E'RE like sisfIX J ters," women say of their wLf WM Mends, meanw w ing they're very close and completely for each other, like the friends in The Sisterhood of the Traveling Pants. But then, there's the moment in Edward Albee's
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Wrap services unravelled
        1085 28  -  Genevieve cua Wrap accounts are by no means a one-size-fit-all or set-and-forget proposition and apart from additional fees, there are other considerations. By Investment accounts known as wrap accounts have long been a staple among independent financial advisers, but they are now finally wending their way through
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        Lock icon BROKERS'TAKE
        780 28 Sinotel Technologies Buy Phillip Securities Research Sept 11 Close: $0,615 SINCE our previous report in August, a couple of developments have taken place. Firstly, there was a new contract win worth 15.3 million yuan (553.2 million) to provide 3G Distribution Management System to China Unicorn. At first glance, the
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        Lock icon Interest rate hikes on the way
        1457 29  -  Shane Oliver WEALTH INSIGHTS The start of a rate tightening cycle may cause jitters in share markets, but initial moves will be gradual AMP Capital Investors LAST year and early this year, interest rates worldwide were cut to emergency levels to combat the fallout
        : Thomson Financial, AMP Capital Investors  -  1,457 words
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        Lock icon Sticking with the stock market
        1059 30 NYT Despite the recent rout on Wall Street, many ordinary US investors still have confidence in equities New York LIKE millions of ordinary American investors, Cindy and Eric Canup are still recovering from Wall Street's big downturn. Their portfolio is off by 25 per cent.
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        Lock icon Not all ETFs are created equal
        1555 31  -  Teh Hooi Ling SHOW ME THE MONEY Beware things like underlying assets, risk management measures and disclosure levels may vary a lot hooiling@sph.com.sg Senior correspondent EXCHANGE-traded funds or ETFs are winning over plenty of new fans. These funds, which are traded on stock exchanges
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    • WEALTH REAL ESTATE
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        Lock icon More growth for Asian Reit market
        840 33 However, some kinds of Reits will not be relevant in future, reports Uma Shankari HE real estate investment trust (Re- it) structure still has relevance in Singapore and the rest of Asia, said Anthony Ryan, managing director and head of Asia real estate investment
        Source: J.P.Morgan; LIANHE ZAOBAO; FILE PHOTO  -  840 words
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      974 32 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 17 The Nexus Apt 21/08/2009 FH 1346 1480 1099 LANDED TheNexus Apt 19/08/2009 FH 947 1060 1119 Loyangßise 3-Ter 20/08/2009 99 2713 924
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  • Living
    • DINING
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        2375 35  -  Audrey Phoon Tanjong Pagar is becoming a born-again dining enclave with well-known names relocating to within its boundaries. By Osvaldo Ristorante Italiano #01-03 Maxwell Chambers 32 Maxwell Road *****-0978 opening end Sept OSVALDO. The suspiciously familiar name is printed on a sheet of paper that's stuck on
        YEN MENG JIIN  -  2,375 words
    • KEPPEL*CLIPPER ROUND THE WORLD
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        Lock icon Once more... with feeling
        838 37  -  Vincent Wee The Clipper Round the World Yacht Race is starting to become better known here. By IT MUST be a testament of sorts to the wide-ranging popularity of the Clipper Round the World Yacht Race when people randomly ask every now and then when the
        838 words
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        Lock icon Racing from the heart
        309 37 THE stories of the people behind the race are as touching as they are inspiring. The people taking part range from former IT operations manager Nicole Ho, who quit her job to take a year off to sail around the world to two medical undergraduates Kok
        Clipper Ventures  -  309 words
    • CEOS' HAWKER GUIDE
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        Lock icon shell business
        1413 38  -  Cheah Ui-Hoon BT Weekend surveys the best Hokkien prawn noodles in town. By WHILE some hawker dishes are "shared" by Singapore and Malaysia, like chicken rice, Singapore has its own version of fried hokkien mcc and prawn noodles. The two are distinctly Hokkien and heavily reliant on prawn
        1,413 words
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        Lock icon Prawny feasts
        650 38  -  Audrey Phoon Prawny Alan Lee, 58 Managing director Banquet Holdings By THE foodie alarm bells go off when Alan Lee describes his idea of impressing a date: shelling prawns for her. And the managing director of Banquet Holdings isn't just paying lip service he's actually done it before.
        650 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon Watching the watch man
        1146 39  -  Melissa Lwee Bernard Cheong's collection has earned him the reputation as one of the most influential watch collectors in the world. By WEEKEND WITH BERNARD CHEONG SENIOR FOUNDING PARTNER LIFELINE MEDICAL GROUP JT- OST peopleV^L /B if any-would I I never think of I donning a
        JOHN HENG  -  1,146 words
    • BEAUTY
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        Lock icon Deep impact
        1213 40  -  Melissa Lwee The latest in anti-aging beauty products lean on science and technology to put their secret ingredients to work. By GING may be inevitable but the quest for the fountain of youth is a never-ending one. Enterprising beauty companies capitalise on that by flooding the market with
        1,213 words
    • SHOPPING
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        Lock icon Very Coco
        742 41  -  Melissa Lwee Loco Chanel blazed a trail when she presented her first collection of jewels, clearing a path for the couture house to continue making jewellery that women really wanted to wear. By ANYONE who's seen the new Anne Fontaine Coco avant Chanel film will understand that Gabrielle
        742 words
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        Lock icon In the presence of power
        746 41  -  Audrey Phoon Not for shrinking violets, Boucheron's outstanding pieces draw inspiration and energy from Nature and fantasy. By vr JUST aS there are no pussycats or wallflowers among its WIP-stud-ded list of wearers that include the Maharajah of Patiala and the Queeft Mother, so there
        746 words
    • TRAVEL
      • Article, Illustration
        Lock icon Gem in the rough
        1042 42  -  Hsieh Nizhen Looking at the mountains standing tall and grey their formidable size and appearance seem to render the civil war in Pakistan a mere petty triviality. By AKISTAN has always signified something turf bulent. After all, when the country seceded from the Indian subcontinent in
        HSIEH NIZHEN  -  1,042 words
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        Lock icon Try a taste of Spain
        546 42 WHEN it comes to the ultimate gourmet travel experience, many may be torn between Spain the land that spawned a legion of El Bulli wannabes; and Japan the land that spawned a legion of copycat chefs who became even better than the original ones. It's
        546 words
    • HOME & GARDEN
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        Lock icon It's a kind of magic
        1104 43  -  Lim Sio Hui design Interior designer Cameron Woo strives to take small spaces to greater heights. By TURNING a mere 67 square metres of real estate into the height of luxury sounds a little like a tall order, but one that interior designer Cameron Woo
        1,104 words
    • SPORT
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        Lock icon Grandtop still needs to seal the deal
        1071 44  -  John Dykes kick off with John dykes BIRMINGHAM City's St Andrew's stadium will provide the most raucous atmosphere to be found at any ground this weekend in the Barclays Premier League. Bitter rivals Aston Villa are the Blues' opponents in the Sunday lunchtime
        AFP; AP  -  1,071 words
    • GOLF
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        Lock icon Making waves in the sub-continent
        1199 45  -  Justine Moss Pakistan makes golfing history with its first ever qualification for Mission Hills. By WHEN Pakistan qualified for the Omega Mission Hills World Cup, it marked the first time that the country had qualified for this event (to be held in November), and it
        1,199 words
    • MOTORING
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        Lock icon McLaren's new baby
        494 46  -  Samuel Ec All the MP4-12Cs parts are unique to the car. By fl CLAREN Automotive has unveiled the McLaren MP4-12C, the first in a series of high-performance sports I cars to be produced by the car manu- facturing division of the Fl outfit. The specifications are indeed
        494 words
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        Lock icon The colour of money
        507 47  -  Samuel Ec fl watch Apart from the race-fixing scandal surrounding Renault, nationality is another big issue going into this weekend's Italian Grand Prix. By WHICH passport you carry can sometimes mean which door opens up for you in life. No, this is not an expose about
        507 words
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        Lock icon Pinnacle of perfection
        800 48  -  Yen Sreenivasan BMW claims the latest 7-series is the best car it has ever made. By IT COMES some 22 years after BMW first introduced its 12-cylinder 7-series. And the Mu-nich-based luxury performance carmaker claims it is the best car it has ever made. The latest BMW
        800 words
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      1075 36 Wine^ Cline with BTWeekend Chatterbox S 6432-7481 call 6826-8240 or e-mail the taste of heritage cuisine that we grew up Level 39, Orchard Wing Experience a world of palatable pleasures celebrate.sin@panpacific.com. with, like Singapore Rojak, Teochew Meritus Mandarin Singapore from the Oscar's lunch and dinner buffet Porridge, Nasi Lemak, Laksa,
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      71 38 A GREAT DEAL, H BETTER. The trusted name in real estate for 70 years. Kf] IC|nt Frdfl X Knight Frank Auctions Let your properties be 'SOLD' through auction by an experienced and trusted team who will go the extra mile for you. Call 6228 7302 or visit http://client.knightfrank.com.sg/auc. Knight Frank's
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      340 46 Drink and let Mika drive A lucky few will get a ride from the ex-world champ By Samuel Ec the designated driver of the Supercar on Sept 21 at the Changi AS PART of its entertainment line-up for the 2009 Singa- Exhibition Centre. A few corporate guests and members of
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      16 47 r j Volkßviagen Golt GT MK6 where dreams become REALITY v—U, NEWALEXANDRASHOWROOM.THEALEXCIEF!.S37AIe«ondraRIHdtfOI 13/I^/15/16 TELjMTjniS ÜBISKOWIIOOM,6IUbiAv<.3,AMLeuiIding,«I)!-16 TEU67WIIIS
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