The Business Times, 14 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 Spi A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Monday, September 14,2009
    20 words
  • 625 1  -  EMILYN YAP Buyers continue to be price sensitive By [SINGAPORE] Home-see-kers have gotten hungrier for apartments in recent months but have yet to work up a hearty appetite for large units. Across many property launches, studio apartments and two-bedders remain most popular, reflecting
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  • 56 1 Weekly Change 2,681.03 +58.34 IT Index 1COMP 1,208.28 +29.54 IIKKEI 225 10,444.33 +257.22 IANG SENG 21,161.42 +842.80 ;et index 707.81 +39.40 JAKARTA COM P 2,415.95 +93.21 1ANILACOMP 2,870.83 +39.84 ;eoulcomp 1,651.70 +42.80 IHENZHEN B 524.39 +23.43 IUMBAI IND 16,264.30 +575.18 )OW 9,605.41 +164.14 IAS DAI 2,080.90 +62.12 ;&P
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  • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.199 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
  • 46 1 US$ (S$ per US$) 1.422 (USS/SS per 1.670 2.375 EURO (US$,S$/E) 1.461 Foreign currency per US$ 2.077 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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  • 871 1  -  CONRAD TAN Stricter rules on investment products raise costs, but may help long-term growth By [SINGAPORE] Banks here are changing the way they promote and sell investment products in response to new rules on how financial firms should treat customers and recent complaints about
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  • Page 1 Advertisements
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  • Page 1 Miscellaneous
    • 87 1 >^C^^ DINING OUT BizlT C FORMULA ONE ECONOMY r m^fc New menu at Windows 7to gain f j Barrichello, Button SM Goh expresses caution ■A. j P^ Cherry Garden from SOEasy Ig in Brawn 1-2 at Monza about global recovery PAGE 21 PAGE 28 MP>. It' PAGE 19 PAGE 2
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 101 2 BANKS in Singapore are changing the way they promote and sell investment products in response to new rules on how financial firms should treat customers and recent complaints about mis-selling in the industry. Most banks contacted by BT said they have already implemented some
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      • 60 2 HOMESEEKERS have gotten hungrier for apartments in recent months but have yet to work up a hearty appetite for large units. Across many property launches, studio apartments and two-bedders remain most popular, reflecting continued price sensitivity on buyers' part. They are generally "still not as
        60 words
      • 66 2 "SLOW recovery and crawling forward" for the next several quarters and if luck goes astray, maybe for many more years. That is the prognosis for the global economy according to Senior Minister Goh Chok Tong. Mr Goh likened the current state of the
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      • 65 2 Even as the global economy is starting to show signs of recovery, the vast majority of companies polled in the United States say that business conditions in their sector will be better next year than they are now. The four sectors
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      • 83 2 NOTHING upsets Lan Weiguang more than hearing his mainboard-listed company, Sinomem Technology Ltd, being called an "S-chip". "We are a Singaporean company, but with a China-focused business," he said. "Although I was born in China, I came to study at the National
        83 words
      • 70 2 BOLSTERED by the strong performance of its first hotel in Shanghai, Commonwealth Travel Service Corporation (CTC Holidays) plans to launch more hotels in other Asian markets. Low yields and the competitive tourism landscape here prompted the tour and travel firm, which hit a
        70 words
      • 62 2 FINANCIAL institutions are leading a recovery in the Asian jobs market as the region emerges from recession more forcefully than expected, analysts say. While overall unemployment is still rising a year after the collapse of investment bank Lehman Brothers, economists say it is
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      • 86 2 CHINA'S widely praised stimulus plan has come under attack at the "Summer Davos" meeting in Dalian from economists who say that the massive government spending is aggravating imbalances in the giant economy. China said last Friday that it was on track to meet
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    • 627 2  -  LEE U-WEN He likens current state to a man who has survived a fall from great height By [SINGAPORE] "Slow recovery and crawling forward" for the next several quarters and if luck goes astray, maybe for many more years. That is the prognosis
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    • 868 2  -  ANDREW MARKS WALL STREET INSIGHT By in New York IN A week rife with momentous history for the stock market Wall Street traders are wondering if perhaps history should be set aside this year when it comes to how stocks fare this month. September
      AP  -  868 words
    • 493 3  -  LEE U-WEN 76% of senior execs believe worst of economic crisis may soon be over: survey By [SINGAPORE] Even as the global economy is starting to show signs of recovery, the vast majority of companies polled in the United States say
      :KPMG; REUTERS  -  493 words
    • 837 3  -  CHEN HUIFEN By [SINGAPORE] By the first quarter of next year, patients at the XX Women's and Children's Hospital will have their medicines packed by a robot. While nothing as hu-man-like as C-3PO in Star Wars, the robot will be able to search for pills
      837 words
    • 512 3 Reuters [NEW YORK] The last time the Federal Reserve was raising interest rates, it did so at a snail's pace. But it may not take that gradual approach to tightening policy the next time around. Fed officials are stressing there will be
      Reuters  -  512 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 20 3 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. HI Call 1800 289 8822 or email notices@sph.com.sg. Kg
      20 words
    • 55 3 The art of being focused on what we do best. While times may change, our commitment to pre- Singapore serving and growing your wealth remains unaltered. Phone +65 6415 3800, lgt.sg@lgt.com We are your reliable partner in Private Banking. Hong Kong Phone +852 2523 6180, lgt.hk@lgt.com ZSng^ngaporeand 4llfW Wealth AsSet
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  • COMPANY NEWS
    • 785 4  - One year on has anything really changed? R SIVANITHY THE French have a proverb: Plus ca change, plus c'est la meme chose, which translates to "the more things change, the more they stay the same". You could, of course, apply it to a variety of current affairs the Middle East
      785 words
    • 115 4 ASIA Pacific Breweries (APB) Limited chief executive officer Roland Pirmez [left] distributes a hong bao to an elderly woman as part of the APB Foundation's "Groceries with Heart" initiative, in partnership with the Apex Club of Singapore (City). More than 30 APB staff volunteered at the
      115 words
    • 957 7 Sinomem is only Chinese in its focus, reports YEN SREENIVASAN NOTHING upsets Lan Weiguang more than hearing his main-board-listed company, Sinomem Technology Ltd, being called an "S-chip". "We are a Singaporean company, but with a China-fo-cused business," he said. "Although I was born
      < i i FILE PHOTO  -  957 words
    • 382 7 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 Communications
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    • 276 7 MAINBOARD-listed liquor giant Thai Beverage Public Company Ltd sealed its commitment to The Bull Charge® 2009 as a "Diamond Sponsor" with a $100,000 contribution. Thaißev has been a steadfast supporter and partner of Bull Charge since 2006. To date, about $800,000 has been
      276 words
    • 254 7 COMPANY MEETING PLACE DATE TIME China Avi Oil E 6 Shenton Way, DBS Building Tower One, DBS Auditorium, Level 3, Singapore *****9 18-Sep 3.00pm Evergro Prop E Amara Singapore, Ballroom 2, Level 3, 165 Tanjong Pagar Road, Singapore *****9 23-Sep 10.30am Tee Intl A York Hotel Singapore, 21
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  • Page 4 Advertisements
    • 2433 4 L J^rLVU'UUJ InSKtioSm ™di£S limited VAN DER HORST ENERGY LIMITED (a company Incorporated In Bermuda with limned liability) (Registration No. *****1941G) NOTICE OF ANNUAL GENERAL MEETING NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of JETS TECHNICS INTERNATIONAL HOLDINGS LIMITED (the "Company") will be
      2,433 words

  • Page 5 Advertisements
    • 1134 5 Cl '^IAV |k Not for release, publication or distribution, directly or indirectly, in or into the United States. This advertisement is not an offer for sale L^ m^ of the securities in the United States. The securities of City Spring Infrastructure Trust are not being registered under the United States
      1,134 words

  • SINGAPORE MARKETS
    • 671 6  - Buy the dips, sell into strength and be wary of rising frothiness R SIVANITHY STOCKS AT THIS late stage of the game, investors would surely be on the lookout for signs of strain in markets everywhere. This could take the form of diminishing liquidity, or hectic churning with little price
      671 words
    • 770 6 'aymeni (cts) Ex Books date close Pay date iTelecom Intl ax 1.185 25-St 29-Se[ 19-Oct &gt;BR Hid; 1.000 07-St 09-Se[ 29-Si tdai Ltd 0.750 04-S( 08-Se[ 25-Si advanced Hldi 1.400 03-Sef 07-Se| 16-Sef Reit 1.940 17-Am 19-Aui 23-Si usiatic Gr[ an 0.250 26-Aui 28-Au( 14-Si 6L Marine ak
      770 words
    • 434 6 COMMODITIES [LONDON] The price of gold topped US$l,OOO an ounce this week, reaching the highest level for 18 months, and oil futures rebounded as the US dollar weakened significantly on economic recovery hopes. Precious metals: Gold prices soared to U551,011.95 an ounce the highest
      434 words
    • 333 6 CURRENCIES [HONG KONG] The yen and other Asian currencies ended the week sharply up against the US dollar as market players opted for higher-yiel-ding currencies following a raft of upbeat economic data. Japanese yen: The yen strengthened significantly as positive data reduced demand for
      333 words
    • 1336 6 Source: Thomson Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name \llgreen Prop perties 2.09 2.50 11 6.29 20.19 1.17 1.26 ,RA Asset Mi 2.00 2.00 2 7.50 12.40 1.03 0.89 ,rmstroni Industrial 1.50
      1,336 words
    • 4 6 WEEKLY
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    • 65 6 Sep11 VALUE CLOSE BT OB/OS -22.00 -25.00 BT CADI -*****.00 +1.00 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 621.13 -2.62 FTSE ST Small Cap 557.64 +1.60 FTSE ST All Share 660.67 -0.54 FTSE ST China Top 285.09 -1.24 FTSE ST China 285.14 -1.11 FTSE ST
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    • 63 6 VOLUME Gentini SP 938,639,000 Golden Ac iri 550,132,000 Oceanus 312,942,000 !hina Hon&lt; jxini 201,858,001 Transcu Gri 188,137,001 DMX Tech 164,136,000 lediaRim 131,466,001 Yam izi iiai 125,429,001 LifeBrandz 123,236,000 Sinotel Tech 121,780,000 VALUE($) ienti SP 1,074,802,940 iBS Gri 354,898,11 Sini jTel 334,955,664 i Land 333,755,307 Con 283,276,142 iolden
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    • 101 6 CLOSE UP ***** 689.4 5.0 iBXT Ni 10US$ JMH 3000 324.1 8.2 DBXTDJE50 10US$ 4195 253.0 4.4 DBXT FTChina25 10US$ 3007 244.5 6.1 JSH 1726 190.5 8.4 GLD 10US$ 9804 160.6 1.2 DBXT FTVietnam 10US$ 5448 150.7 2.0 At ES.0909 1108 98.0 9.7 iBXT MSEuroi 10US$ 4066 95.2 1.7
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    • 116 6 Closing prices are in trading currencies, but absolute difference is in S$. DBXT S&P Short 10US$ CLOSE DOWN 5905-352.5 -4.0 OCC 3.93% NCPS10 7900-180.0 -2.2 Omei laNav 620 -60.0 -8.8 OUE 1000 -50.0 -4.8 lain irm 579 -39.8 -4.6 OCC 5.1% NCPS 100 9730 -30.0 -0.3 UOB 1686 -12.0
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    • 87 6 Where S$ stands Sep 11 %CHNG CLOSE FR Sep 10 YR2009 S$ LOW S$ HIGH USS 1.4226 0.22 1.5579 1.4226® Euro 2.0751 0.04 2.0758 1.9150 Pounds 2.3760 -0.83 2.4366 2.0356 AS 1.2269 -0.37 1.2315 0.9453 Yen* 1.5651 -1.17 1.7278 1.4831 Rupiah* 0.***** 0.04 0.***** 0.***** Baht* 4.1878 0.09 4.3390
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    • 1451 8  -  TEH HOOI LING OST of our portfolios firmed last week, but many did not quite match the performance of the blue chip Straits Times Index. The median change in the value of our six portfolios was 1.2 per cent. This compared with the 2.2 per
      1,451 words
    • 1593 8  -  ROBERT HALILI INSIDE MARKETS By THE buying rose while the selling among directors remained low last week based on filings on the Exchange from Sept 7 to 11. A total of 16 companies recorded 29 purchases worth $7 million versus nine firms with
      1,593 words

  • Page 7 Advertisements
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  • SINGAPORE NEWS
    • 401 9  -  NISHA RAMCHANDANI Its first asset soft launched in April in Shanghai, notches 70-80% occupancy By BOLSTERED by the strong performance of its first hotel in Shanghai, Commonwealth Travel Service Corporation (CTC Holidays) plans to launch more hotels in other Asian markets. Low yields
      ONEDITION  -  401 words
    • 349 9  -  VINCENT WEE By THE Clipper Round the World Yacht Race started from Hull yesterday with 10 yachts racing down the Humber into the North Sea and headed for La Rochelle, France. The start gun sending the 68-foot yachts on their way was sounded at 2
      349 words
    • 697 9  -  LEE U-WEN By MENTION Vladivostok to most people and you would probably draw a blank, especially if you were to ask them to point it out on the map. But for businessman Jeremy Lee, the Russian city situated north of Harbin, China and about a
      697 words
  • Page 9 Advertisements
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      455 words

  • VIEWS FROM THE TOP
    • 3395 10 THIS WEEK'S TOPIC With the benefit of hindsight, what lessons should policymakers, bankers and market participants have learnt from the collapse of Lehman Brothers a year ago? Roland Mathys CEO Jurong Cement WHAT has been learned? You may well ask. Look at the list below because I
      BLOOMBERG  -  3,395 words

  • Page 11 Advertisements
    • 1469 11 I, John Stanley Roy Snelgrove, Widower, of c^VDfUG V7Af 33 Jurong West Street 41, #12-51 Tower 3C $£mmm Notice to the Holders of: Lakeshore, Singapore *****3, intend to marry YONG KIN INTERNATIONAL HOLDINGS LTD. (i) Minibond Series IS$ Credit-Linked Notes due 2011 and US$ Credit-Linked Notes due 2011 Ramasita Sagala,
      1,469 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 807 12 Moleac's hybrid approach has been used to successfully develop, market its stroke recovery drug in 3 years, for less than USslom, writes DAVID PICARD RUG discovery and development is an expensive proA cess. The cost of developing I one new drug has been estimated
      807 words
    • 805 12 The SIM Canoeing Club takes the plunge in cleaning up Singapore's waterways. By SARAH NG SHU ZHEN FOR all canoeists from the Singapore Institute of Management (SIM), the Marina Reservoir has always been a sacred home away from home, where practice sessions are held twice a
      805 words
    • 204 12 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 12 Advertisements
    • 46 12 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.
      46 words

  • ECONOMY WATCH
    • 767 13 -AFP Marked turnaround in China, strength also evident in Singapore: analyst [HONG KONG] Financial institutions are leading a recovery in the Asian jobs market as the region emerges from recession more forcefully than expected, analysts say. While overall unemployment is still rising a
      -AFP; ■ AP  -  767 words
    • 601 13 [MEQUON, US] At the Rockwell Automation factory here, something encouraging happened recently that might be a portent of national economic recovery: Managers reinstated a shift, hiring a dozen workers. After months of layoffs, diminished production and anxiety about the depths of the Great
      601 words
    • 456 13 [WASHINGTON] A top economic adviser to President Barack Obama on Friday acknowledged the risks of reining in too quickly the emergency programmes put in place to battle the financial crisis. "We will not make the mistake of prematurely declaring victory or prematurely
      AFP  -  456 words
    • 470 13 Bloomberg It will look into US chicken, car products, subsidies [BEIJING] China announced a probe into the alleged dumping of American car and chicken products, two days after US President Barack Obama imposed tariffs on imports of tires from the Asian nation. Chinese industries
      Bloomberg  -  470 words
  • Page 13 Advertisements
    • 37 13 RIGA 07/09/09 111,61 EUR DB Platinum II IDB Platinum IV I S I Double Joy Capital Guaranteed Fund |RID 03/09/09 9,83 USD Ift 4*®s. I Lianhe Zaobao I Hi losing I attraction! forS-chips I despite market rebound?
      37 words

  • MALAYSIA/INDONESIA
    • 725 14  -  PAULINE NG Three years on, XL's politically driven national auto policy has made little headway MALAYSIA INSIGHT M HEN Malaysia unveiled its National Automotive Policy (NAP) more than three years ago, the aim was to make the country a regional auto hub with the designation
      725 words
    • 478 14 [KUALA LUMPUR] Malaysia's government may offer incentives for local carmakers to develop their own models when it introduces a new auto policy next month, the Edge Weekly reported, citing unidentified people in the industry. The incentives may include extending a programme that provides grants for
      BLOOMBERG  -  478 words
    • 2065 14 iep11 iep 11 RM A &M Realty 0.58 \bric Bhd 0.24 advance Synergy 0.15 Adventa Bhd 1.65 Ae Multi Hldgs 0.13 Win Holdings 1.93 Ahmad Zaki Resou 0.90 Aic Corp 0.41 AirasiaBhd 1.42 Akn Technology 0.14 Alliance Financi 2.41 aluminium Co 1.04 Amalgamated Ind 0.48 immb Hldgs Bhd
      2,065 words
    • 577 14 Reuters [JAKARTA] Indonesia's infrastructure, consumer, and commodity sectors are the three with the most potential for strong equity returns, a leading fund manager told Reuters in an interview. Alvin Pattisahusiwa, head of equity at Fortis Investments, helps run the US$6B3 million Fortis Ekuitas fund,
      Reuters  -  577 words
    • 725 14 .-NYT Restricting foreign worker numbers hits factories, services [KUALA LUMPUR] It is lunchtime at the Wangsa Ukay restaurant in Kuala Lumpur and regulars are coming in for local favourites such as roti canal and chicken curry. The owner, Muneandy Nalepan, has time to chat for
      .-NYT  -  725 words

  • GREATER CHINA/INDIA
    • 604 15 AFP Spending will cause over-investment and underconsumption, say economists [DALIAN, China] China's widely praised stimulus plan has come under attack here at the "Summer Davos" meeting from economists who say that the massive government spending is aggravating imbalances in the giant economy. China
      AFP  -  604 words
    • 547 15 AFP [BEIJING] Dozens of Chinese companies are rushing to raise billions of dollars amid fears that the recovery on global markets will fizzle and foreign lenders will start demanding their money back, analysts say. China Metallurgical and Sinopharm Group lead a list
      AFP; ■ I BLOOMBERG  -  547 words
    • 461 15 Reuters [FRANKFURT] Chinese stocks should continue to see strong performance and are likely to outperform the US blue-chip stock market in the medium term, an ING investment director told Reuters. "At this moment, we believe China's A-shares, coming down roughly 25
      Reuters  -  461 words
    • 299 15 Reuters [JOHANNESBURG] South African Communications Minister Siphiwe Nyanda has expressed caution over a proposed tie-up between South Africa's MTN and India's Bharti Airtel. He told the Sunday Times in an interview that any deal should take into account that MTN was a "South
      Reuters  -  299 words
    • 493 15 neuters [LONDON] China may well be able to achieve its ambitious nuclear targets, with strong support from the government as well as local people, who are hoping that the production of nuclear plants will boost economic development. Steve Kidd, director at private sector body
      – neuters  -  493 words
    • 624 15 Reuters It adds to signs of economic upturn although weak exports remain a growth risk [NEW DELHI] Indian industrial output grew for a seventh month in July, adding to signs of an economic upturn and the case for an interest rate rise early
      Reuters  -  624 words

  • ASIA-PACIFIC
    • 1042 16 Reuters REDD faces many challenges but could release billions to developing nations the United States and Australia and an eventual global scheme backed by the United Nations, called reduced emissions from deforestation and degradation (REDD). Analysts say that giving large credit flow forecasts
      Reuters; REUTERS  -  1,042 words
    • 328 16 Reuters [TOKYO] Policy proposals by Japan's new ruling party aimed at protecting workers and slashing emissions threaten to dent economic growth and push companies to build factories overseas, an official of Japan's top business lobby said. The Democractic Party was swept to power
      Reuters  -  328 words
    • 534 16 Reuters Some 60m tonnes bought in the year ended March [TOKYO] Japan's electric power companies bought some 60 million tonnes of carbon offsets under the Kyoto Protocol from abroad in the year ended in March, the Federation of Electric Power Companies of Japan said
      Reuters  -  534 words
    • 631 16 Reuters [HONG KONG] The me-dium-term risks of persistently soft US consumption and the eventual withdrawal of crisis policies will probably end a six-month honeymoon in Asian stock markets, when such risks were largely ignored. Robust, stimulus-driven economic recovery in Asia and investors' short-term
      . – Reuters; REUTERS  -  631 words
    • 308 16 Reuters [DUBAI] A merger between Dubai's top stock exchanges, Dubai Financial Market and Nasdaq Dubai is a possibility, a leading official said, according to newspaper Emirates Business. "Under a consolidated approach, because Borse Dubai owns both DFM and Nasdaq Dubai, the
      Reuters  -  308 words

  • ASIA-PACIFIC/WORLD
    • 708 17 Reuters But crackdown on unfair dealing may not come quickly or be comprehensive [NEW YORK] In obscure corners of the US stock market where "flash orders," "dark pools" and other controversial practices thrive regulators are trying to shine a light to guard
      – Reuters; AP  -  708 words
    • 539 17 again. AP [LOS ANGELES] Danny Pang, a Taiwan-born financier accused by federal regulators of defrauding investors out of hundreds of millions of dollars, died on Saturday. He was 42. Pang died at about 5 am at Hoag Hospital in Newport Beach, supervising deputy
      again. – AP; AP  -  539 words
    • 242 17 [LOS ANGELES] Wells Fargo Co, seeking to distance itself from a company executive's alleged personal use of a US$l2 million beachfront Malibu home owned by the bank, said last Friday that it would "take decisive action" against any employee "who may have violated Wells
      242 words
    • 203 17 -AFP [TOKYO] Former finance minister Sadakazu Tanigaki said yesterday that he would stand for the leadership of Japan's Liberal Democratic Party, which suffered a landslide defeat in last month's legislative elections. The party is set to replace Prime Minister Taro Aso, who announced
      -AFP  -  203 words
    • 581 17 Reuters Justin Timberlake wins for appearance on Sat Night Live [LOS ANGELES] Actress Tina Fey won an Emmy on Saturday for her uncanny portrayal of former Republican vice-presidential nominee Sarah Palm on Saturday Night Live, while pop star Justin Timberlake also was honoured
      Reuters  -  581 words
  • Page 17 Advertisements
    • 518 17 IN THE MATTER OF T ln *c mQtter THE COMPANIES ACT, CAP. 50 The Companies Act HBIHBIHIiaiIBH IN THE MATTER OF *c mQtter °f OCEAN ASSETS FTE LTD X P ELEaRICAL Company Registration No *****3079Z ENGINEERING PTE LTD THE PROJECT FOR STOCKPILING OF ANTI-VIRAL DRUGS AND PERSONAL PROTECTIVE (IN MEMBERS'
      518 words

  • LIFE AFTER LEHMAN
    • 1175 18 Reuters ■■M PHOTOS: Since their takeovers, Barclays has taken the No 2 spot in debt capital markets tables but success is more measured for Nomura [HONG KONG] FOR Barclays and Nomura, the collapse of Lehman Brothers was the opportunity of the lifetime a chance to grab
      ■ Reuters; AP, AFP  -  1,175 words
    • 1064 18 Reuters Deal-closing takes longer, number and size of transactions has shrunk [LONDON] DEALMAKERS are not known for their patience. Yet that's what's needed more than anything else a year after Lehman's collapse. It takes months longer to close a deal, the number and size of transactions
      Reuters; BLOOMBERG  -  1,064 words

  • WORLD
    • 760 19 AFP Brawn pair now looking certain to deliver the constructors championship [MONZA] Brazilian veteran Rubens Barrichello produced a beautiful-ly-measured drive from fifth place on the grid to win Sunday's Italian Grand Prix ahead of his Brawn GP team-mate Jenson Button. The 37-year-old Latin
      AFP  -  760 words
    • 316 19 -AP [WASHINGTON] US President Barack Obama is working to reclaim the initiative from critics of his healthcare initiative and boost momentum to push his chief domestic priority through Congress. Mr Obama kept up a steady weekend drumbeat of cheerleading for his healthcare plan in
      -AP  -  316 words
    • 201 19 -AP [DALLAS] The chairman of candy maker Cadbury pic said on Saturday that Kraft Foods Inc undervalued his company in a takeover offer last week, and he dismissed the suitor as a "low growth conglomerate". Roger Carr laid out his opposition to Kraft's US$l6.7
      -AP  -  201 words
    • 321 19 AFP [GENEVA] The world's biggest food company Nestle could leave its homebase Switzerland if Bern imposes a cap on executives' salaries, the group's chairman said in remarks published yesterday. "It would be the beginning of an end," Peter Brabeck told Swiss newspaper Sonntag,
      AFP  -  321 words
    • 546 19 AFP But president rules out negotiations on nuclear technology [TEHERAN] President Mahmoud Ahmadinejad said yesterday that Iran was ready to talk with world powers on global issues but will not negotiate Teheran's right to nuclear technology. "We are ready to talk about international
      AFP; AP  -  546 words
    • 280 19 UIU K_/Xi_AJ i_AjAA -AFP [FRANKFURT] The Frankfurt motor show, known as the lAA and which takes place from Thursday to next Monday, aims to make consumers forget the car sector crisis with a wave of new models, in particular electric ones. "The
      UIU K_/Xi_AJ * i_AjAA -AFP  -  280 words

  • AVIATION/SHIPPING
    • 219 20  -  YEN SREENIVASAN Collaboration includes staff training, projects, seminars By [SINGAPORE] Changi Airport Group (CAG) yesterday announced a Memorandum of Understanding (MOU) with Beijing Capital International Airport (BCIA). The "sister airports" arrangement was signed in Beijing by CAG chief executive officer Lee Scow Hiang and
      219 words
    • 831 20 AP Trade group sees below 12.5b seat miles in Q4 against 12.1b late in 2001 seats on the planes. Capacity is crucial in the airline industry in the same way that inventories matter to car dealers and retailers. Too much capacity, and
      AP; W I AP FILE PHOTO  -  831 words
    • 316 20 Reuters [LONDON] Shipping companies expect conditions in the sector to worsen in the coming months with bank lending set to remain tight for at least 12 months, an industry survey showed. Around 90 per cent of the world's traded goods by volume
      Reuters  -  316 words
    • 750 20 AP [BANGKOK] Baggage handlers at Thailand's main airport now wear uniforms with pockets sewn shut to prevent pilfering. Police are hauling away illegal taxi touts. And cushions are being added to metal seats at departure gates derided as a "pain in the rear". An overhaul
      AP; ] AP  -  750 words
    • 301 20 Bloomberg [NEW DELHI] Jet Airways (India) Ltd, the nation's largest carrier by market value, said it would resume full operations yesterday after reaching an agreement with some of its pilots who had been on strike for the past five days. The
      Bloomberg  -  301 words
  • Page 20 Miscellaneous
    • 233 20 CRYPTIC CROSSWORD (5) 27~~^^1 B2B~~^^l plain (5) 26 The celebrity panel is on the 6 Antique contents were li- 24 Look for a delay (5) right (9) censed (5) 27 Little eagles start to rest in 7 Tell Satan to muck out the VCCTCDnAV ccnllmnlu their eyries for cuddles (7)
      233 words

  • DINING OUT
    • 646 21  -  Jaime Ec NEW MENU Cherry Garden Mandarin Oriental Singapore 5 Raffles Avenue, Tel: 6885-3538 ONE thing about Cherry Garden it's not the kind of place where you can kick up your feet and chow down. It also means that you're not subject to the constant drone
      646 words
    • 176 21  -  Jaime Ec SPECIAL MENU The Harbour Grill Oyster Bar Level 3, Hilton Singapore 581, Orchard Road Tel: 6730-3393 WILD Brittany lobster makes a guest appearance at the Hilton Singapore's Harbour Grill restaurant a one-week showcase where the king of the crustacean world is served with
      176 words
    • 466 21  -  Jaime Ec CHEFS WITH ALTITUDE Equinox Level 70, Swissotel the Stamford, Singapore 2 Stamford Road Tel: 6837-3322 A PROPONENT of emerging Australian cuisine and a Singapore-based chef who is already established in his own right join forces this week in a food festival designed to test
      466 words
  • Page 21 Advertisements
    • 43 21 k- It? i ■I'Wy )^"_jr M 4&± iBiPl SB HHEffll SBBBHiHffll ■^^i Bi j[yJwMiMwj*T*&gt;ifliTt]ißMll^K^liKH[&lt;liiß^iti&gt;lniiiiiiTsißTsro?olg[J&gt;]iWtllTM Jk\^V^^ n*~1 t\^'r T 1 H&lt; &gt;w 18--- a »m T \.u\^ -lTWS^W^^''£'-'- iaf A-J|Br I i. U A trip for Zop for grabs I (yinformatics 4JiNr\&/ v www.radio9ls.com
      43 words

  • SINGAPORE STOCKS
    • 9198 22 Week ended: Sep 11 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E 16.5 3 3148 STelecom 9 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 93 26.5 5550 ARA 8 2.5
      9,198 words
    • 1823 23 52-wks Tel High Low Code Company Last Sale Vol Week Last Quote Div Gr Yld Net C000) High Low Buyer Seller C'vr P/E M Cap $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
      1,823 words
    • 442 23 52-Wk Tel High Low Code Last Sale Vol C000) Week lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hi. 110 100 6389 ABF SG Bond ETF 762 427 CIMBAsean40 100US$ 274 149 DBS STI ETF 100 4195 3534 DBXT DJE5O 10US$ DBXTDJE50Sh
      442 words
    • 261 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
      261 words
    • 117 23 Stock name Close Change Stock name Close Change Stock name Close Change litaLand 3.870 +0.020 JMH 30.000 -0.540 SIA En: 2.620 -0.010 1.760 +0.020 JSH 17.260 -0.100 SMRT 1.670 -0.010 :ityDev 11.080 +0.020 Jardine C&C 23.640 -0.480 SPH 3.810 -0.030 ;omfortDelGro 1.620 -0.020 Keppel Corp 8.190
      117 words
    • 106 23 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 12 4 2 0 0 0 12 4 2 Manufacturing 91 112 41 16 14 17 107 126 58 Commerce 42 26 19 48 32 24 r/O ms 20 16 21 18 Finance
      106 words
    • 122 23 TURNOVER C000) MAIN SDQ TOTAL VALUE C000) SDQ TOTAL MAIN Multi Ind 208,552 208,552 416,633 416,633 Manufacturing 2,544,313 295,529 2,839,842 1,332,225 20,636 1,352,861 Commerce 1,162,871 106,298 1,269,169 800,075 32,678 832,753 3t/Stor/Comms 989,744 12,263 1,002,007 1,268,405 2,803 1,271,208 Finance 172,806 11 172,817 915,932 915,933 Construction 508,468 94,911 603,379
      122 words
    • 2668 23 Transaction date: Sep 11 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG Vol ■poo HK$ Aeon Credit Aeon Stores Angang Steel Anhui Conch Anhuiexpressway Asia Satellite Asm Pacific Bank Of E Asia Beida Jade
      2,668 words
  • Page 22 Advertisements

  • 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 Int DU3IIMC33 I IIVIC3 shareholders. In other words, news you can use.
      29 words

  • FINANCE & COMMODITIES
    • 365 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Sep11 World Index Preliminary 792.2 0.1 16.9 0.0 20.0 0.4 21.1 t EAFE Preliminai 758.7 0.2 16.9 0.4 23.9 0.8 25.! Euro[ Prelim inan 1068.0 0.5 17.2 0.5 25.5 0.8 27.2 Pacific
      365 words
    • 134 24 Sep 11 FOREIGN A= CURRENCY 9am MrtTr DATCC Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2160 1.2530 Can dollar 1.3130 1.3290 Euro 2.0640 2.0890 NZ dollar 0.9920 1.0140 Sterlini 2.3580 2.3850 US dollar 1.4150 1.4320 Local dollars to 100 units
      134 words
    • 173 24 Sep 11 *L Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 1/4 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months &gt;—■. I. $Au 0.35 0.35 0.48 0.50 0.75 1.20 1.30 Offer 0.25 0.25
      173 words
    • 27 24 Sep 11 ten Hii Sett STI Se 2681 SIMSCI Sei 320.1 323.4 321.0 Taiwan Se 270.8 271.1 269.4 Source: MF Global (S) He. Ltd
      27 words
    • 21 24 Sep 11 Bid Offer 1-month 1.4216 1.4230 2-months 1.4217 1.4232 3-months 1.4218 1.4233 6-months 1.4222 1.4237 Source: OCBC
      21 words
    • 96 24 Sep 11 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Oct09 224.0 NOV09 Dec 09 Jan 10 Feb 10 Mario 224.0 224.0 224.0 224.0 225.0 225.0 225.0 48 402 555 897 767 411 554 TSR 20 (US cents/kg) Month
      96 words
    • 83 24 Sepll Bu rers Sellers Bit rers Sellers As at 12 noon (S cents/kg) RSS 2 Oct 2009 324.25 RSS 3 Oct 2009 324.00 RSS 4 Oct 2009 320.75 RSS 5 Oct 2009 316.25 No 1 ADS 345.25 As at 5pm (S cents/kg) 325.25N RSS 2 Oct 2009 322.25
      83 words
    • 84 24 Sep 11 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi&lt; Day's |h Low 3-Month BQ*****T 10.12.2009 1-Year BY*****W 03.05.2010 0.33 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year NX*****H 3.625 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NX*****W 2.500
      84 words
    • 101 24 Sep 11 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep 09 984.50 973.50 990.00 962.50 Nov09 903.00 926.50 932.00 897.50 Jan 10 910.00 933.50 939.75 904.50 Mar10 915.50 938.75 941.50 908.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 09 33.36 33.70 33.75 33.30 Oct09
      101 words
    • 77 24 CRUDE OIL PRODUCTS Sep 10 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 70.23 -1.00 WTI (Near Mth) 72.03 0.73 Dubai (1-Mth F) 69.95 0.65 Tapis blend 71.80 0.75 Minas 73.95 0.75 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 67.67 76.20 -0.23 0.60 US$/barrel Opec Oil
      77 words
    • 466 24 Sep 11 AS CS Rmb Euro HKS IndRsRu ih Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.929 5.895 0.591 6.691 41.907 85.601 0.785 10.550 3.013 1.225 71.524 41.708 1.228 6.539 0.895 28.164 29.324 0.517 0.863 Canada 1.076 6.343 0.636
      466 words
    • 78 24 Sepii (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 6 mths 0.***** 9 mths 1.***** 12 mths 1.***** 3 mths 0.***** 0.***** 6 mths 9 mths 12 mths 0.***** 0.***** 1.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.*****
      78 words
    • 158 24 Sep 11 Against SS Currencies Bid Offer Against USS Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2269 1.2288 0.8631 0.8636 Canadian dollar 1.3204 1.3222 0.9289 0.9292 Euro 2.0758 2.0784 1.4603 1.4607 NZ dollar 1.0014 1.0029 0.7045 0.7048 Sterlini ind 2.3732 2.3762 1.6695 1.6701
      158 words
    • 180 24 Sep 11 GOLD (USS/oz) Sep 11 Sep 10 GOLD BULLION COINS (S$) Sellim Hong Kong London 996.70 990.20 997.70 991.20 Sep 10 Sep 11 993.00 1007.70 993.80 1008.90 Source: Thomson Reuters (S$) Selling Buying 1 oz 1582.53 1431 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $555.33 455
      180 words
    • 69 24 Sep 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1812.75 3 months 1845.00 1822.25 1854.00 Copper, Grade A (US$/tonne) Cash 3 months 6235.25 6250.00 6278.00 6294.00 Lead (US$/tonne) Cash 3 months 2042.50 2065.00 2092.50 2115.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 73 24 Sep 11 COCOA (Btonne) Close Prev Hii ih/Low SepO9 1918 1917 1936/1900 Dec 09 1946 1944 1963/1920 Mar 10 1947 1946 1962/1922 May 10 1952 1951 1963/1927 COFFEE (US$/tonne) Close Pev High/Low SepO9 1474 1463 1482/1477 Nov09 1488 1478 1509/1471 Jan 10 1510 1500 1530/1493 SUGAR (US tonne) White
      73 words
    • 63 24 Sep 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Low Vol Open Done Position SepO9 2240 2210 2240 2230 105 308 Oct09 2206 2180 2244 2175 998 5453 Nov09 2194 2145 2205 2140 8408 ***** Dec 09 2180 2132 2188 2130 2489
      63 words
    • 298 24 Sep 11 M/~ 5GX DERIVA1T OPEN IVE5T HIGH FRADir LOW NG SETT VOL Sep 11 OP/INT EURODOLLAR FUTURES SepO9 DecO9 Mar10 Jun10 99.6950 99.5800 99.3900 99.0700 4398 4816 4049 3861 EUROYEN TIBOR FUTURES SepO9 99.465 99.470 DecO9 99.515 99.520 Mar10 Jun10 Sep10 99.530 99.530 Dec10 Mar11 Jun11
      298 words
    • 2521 24 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left DBS RB ECW*****9 DBS RB ECW*****8 DBS RB EPW*****8 53.5 20 3 1343 3.5 -2 200 0.1 0.2 0.2 800 1280 1080 3 3
      2,521 words

  • Page 25 Advertisements
    • 2696 25 m The Business Times Shipping Times 4k _H| WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M M f^T^l W lkJ_S JHBMCYrlTl'fTlfwtlßrF VTrA v■ I |l|p(i TEb*****588 (14LINES) FAX:*****163 ™I A^l S^^^^M I IM^^^^^B BI^S™SSB \\^^tt I WAN HAI INt J PKLIEL: (03&gt; *****85S FAX: &lt;03| *****288 PEN HL: (04) *****00
      2,696 words

  • Page 26 Advertisements
    • 3256 26 r^VHEHBEIII^B9IHi IP E eastern car liner, ltd If© ±Jd J r///«- I \^fl i SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS~| WEEKLY EXPRESS SAILING SCHEDULE I I ___™"™™™ff™™™v™™™™™™™__________ 1 1 1 1 i 1 1 1 1 iM^uiuUui \^^^^^^T£m!!l!t!c£?^^^^^^ IjiKm""™ VOY _RoiSMKH_ liliyi) _ta_ JIN^ _PM JM__M__iUß_ &lt;L a.xepiim,.
      3,256 words

  • BizlT
    • 877 27  -  AMIT ROY CHOUDHURY But it is cautiously optimistic that the worst is over, with hope for next year By GERMAN software giant SAP expects the market environment to remain challenging during the rest of the year in the Asia-Pacific, including Japan (APJ) market. Speaking
      FILE PHOTO  -  877 words
    • <what's up>
      • 78 27 FRENCH communications giant Alcatel-Lucent has inked a multi-million dollar deal with Open Net, the consortium which is laying down the fibre-optic lines and ducts of Singapore's Next Generation National Broadband Network (Next Gen NBN). Alcatel-Lucent will be the system integrator for the operations and business support
        78 words
      • 68 27 FRANCE Telecom unit Orange Business Services has renewed its communications infrastructure contract with Singapore shipping and logistics group Neptune Orient Lines (NOL). The new deal is for five years and worth US$3B million. Orange will be providing communications technologies and services, including Internet telephony, advanced
        68 words
      • 119 27 CREATE your own personal Wi-Fi hotspot for up to five devices with the MiFi 2352 (below), a credit card-sized device made by Novatel Wireless and offered through Mobile One. With no installation needed or software to run, users simply turn on
        119 words
      • 124 27 The thinnest-ever model of Dell's most popular consumer laptop PC, the Inspiron 14z (below), is only about one inch thin but packs a feature punch. Offering a choice of the Intel Pentium Core 2 Solo ultra-low voltage, Core 2 and Core 2 duo processors, the
        124 words
      • 82 27 DIGITAL map, traffic and location data provider NAVTEQ has announced NAVTEQ Voice, a voice guidance companion for its Singapore maps. With it, navigation systems and devices that run on NAVTEQ software will be able deliver audio cues with Singaporean pronunciations. For instance, Tampines will be
        82 words
      • 64 27 SINGAPORE and Hong Kong-headquartered telecommunications service provider Pacnet has inked a deal with office technology firm Office Squared to provide Internet-based solutions to the Singapore-Hangzhou Science and Technology Park in China. The partnership will see Australia's Office Squared tap Pacnet's Internet services to provide
        64 words
    • 241 27 -AP [LOS ANGELES] Real Networks Inc's subscription music service Rhapsody has been approved for use on iPhones and iPod Touches, the first time Apple Inc has allowed an on-demand music streaming programme on its devices in the United States. The initial download will be
      -AP  -  241 words
    • 205 27 Xinhua It plans to invest 6b yuan to subsidise 3G communications operations this year [BEIJING] China Mobile, the world's biggest telecom company by market value, has started work on listing its shares on the domestic market, the Shanghai Securities News reported on Saturday. Chairman
      – Xinhua; BLOOMBERG  -  205 words
    • 267 27 Reuters [SEATTLE] A US court of appeals on Friday overturned a US$35B million damages award against software maker Microsoft Corp in a long-running patent dispute with French telecoms equipment firm Alcatel-Lucent. The United States Court of Appeals for the Federal Circuit, which handles many patent and
      – Reuters  -  267 words
    • 178 27 -AFP [WASHINGTON] US sales of videogame hardware and software fell 16 per cent in August to U*****.72 million, the sixth straight monthly decline, according to the NPD Group. Sales of consoles and hand-held devices in the United States dropped 25 per cent to U*****.6 million
      -AFP  -  178 words
    • 275 27 ■AFP [MADRID] Cyber criminals are taking advantage of swine flu fears with e-mails promising news on the illness which then infect computers with a virus, a Spanish computer security firm warned on Friday. The e-mails invite recipients to open a document with information
      ■AFP  -  275 words
    • 614 28 Contract for the government's $1.3b computer outsourcing project includes a clause for an OS upgrade, reports WINSTON CHAI AN ambitious attempt to standardise the computer systems of 75 local government agencies could end up making the public sector one of the flagship corporate
      614 words
    • 412 28  -  ONG BOON KIAT Playground builder sees potential for e-playground By i THE young and young at heart among residents moving into the sprawling Pinnacle@Duxton residential complex at Tanjong Pagar will be among the first in Singapore to enjoy a special kind of high-tech playground. It is one
      412 words
    • 184 28 Reuters [HANGZHOU] China's Alibaba Group said on Friday it will launch an international business-to-business (B2B) platform in the United States by the end of the year, as the company seeks to globalise its brand. Alibaba Group's subsidiary Alibaba.corn's 828 platform connects
      – Reuters  -  184 words

  • Page 28 Advertisements
    • 251 28 i Ist in S'mgapore!^^ Cloud Computing and Virtualization Workshop Certification f^ APTFI Hadoop Boot Camp RAPIDSTART V^; 23 24 November 2009, Singapore Organized byAPAC Technology Forum (a subsidiary of Rapid Start) This 2-day workshop is the only one of its kind being offered today which gives you practical, hands-on decision
      251 words
  • Page 28 Miscellaneous