The Business Times, 30 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 Sj£l A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Wednesday, September 30,2009
    20 words
  • 530 1  -  JAMIE LEE Former owner Tay Liam Wee expected to take minor stake, join management By [SINGAPORE] Singapore's largest watch retailer Sincere Watch is expected to be sold this week to a consortium, BT understands. The consortium is said to include former owner Tay Liam
    FILE PHOTO  -  530 words
  • 851 1  -  SIOW LI SEN Singapore's private banks retain high entry barriers as business booms By [SINGAPORE] While some private banks in Switzerland have had to fish lower down the wealth charts to attract new clients, their Singapore peers can afford to stay proudly elitist.
    851 words
  • MARKETS DIGEST
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.082 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • 50 1 uesi lay lange KL COMP 1,208.21 +2.26 NIKKEI 225 10,100.20 +90.68 HANG SENG 21,013.17 +424.76 SET INDEX 715.29 +6.41 JAKARTA COMP 2,443.83 +46.01 MANILA COMP 2,807.32 +22.67 SEOUL COMP 1,690.05 +14.50 SHENZHENB 497.03 -0.61 MUMBAI IND 16,852.91 +1 59.91 12 noon EDT Change DOW 9,751.27 -38.09 NASDAQ 2,118.07 -12.67
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    • 47 1 USS s$ IS$ (S$ ier US$) 1.419 (US$/S$ ier 1.585 2.249 :uro (USS/SS/E) 1.456 2.067 Foreign currency per US$ S$ 'EN 89.80 63.30 3.490 2.459 IK$ 7.750 5.461 !AHT 33.61 23.68 IUPIAH 9,715 6,846 IENMINBI 6.828 4.811 INDIAN RUPEE 48.07 33.87 1.146 0.807 IZ$ 1.392 0.981
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  • Page 1 Advertisements
    • 1 1 8"*****l"*****4'
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    • 236 1 ____________H ,'':'i)liiß______i "To understand it, you have to understand the inner workings of the concept of time." Best Private Bank 2008 Ludwig Oechslin, curator at the Musee international d'horlogerie (international watch Awarded by FJnancaAsia museum) in La Chaux-de-Fonds, Switzerland Best Boutique Private Bank Pushing back the boundaries of time comes
      236 words
  • Page 1 Miscellaneous
    • 85 1 TRANSPORT HUB HUMAN ?il| RQ BUSINESS FORUM CURRENCY DEBATE §Nu§ Slide in passenger CAPITAL SUMMIT jgjfgl JSs 0R c Forging partnerships World Bank chief sees^^^* V' traffic eases in Aug Institute to develop BPnjP"? with Russia US$ losing its pole A mH^^ page 18 Asian leadership page 2 BBSI-iSIS page
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 77 2 WHILE some private banks in Switzerland have had to fish lower down the wealth charts to attract new clients, their Singapore peers can afford to stay proudly elitist. It's not that the fabulously wealthy in Asia did not take a hit from the
        77 words
      • 50 2 SINGAPORE'S largest watch retailer Sincere Watch is expected to be sold this week to a consortium, BT understands. The consortium is said to include former owner Tay Liam Wee, who is expected to take a minor stake and become part of management. FRONT PAGE
        50 words
      • 74 2 SINGAPORE will start what is believed to be the first premier institute to develop Asian leadership and management talent for the region. Announcing the move to establish a Human Capital Leadership Institute in Singapore, Prime Minister Lee Hsien Loong yesterday said the institute
        74 words
      • 80 2 LATEST figures from DTZ show that prices of completed landed and non-landed private homes in various segments continued to recover in the third quarter after bottoming out in the first quarter of this year in the aftermath of the global financial crash. One
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      • 47 2 OFFSHORE marine specialist Otto Marine yesterday completed the eighth of a series often 10,800bhp anchor handling towing and supply tugs and is poised to take its expansion further after the recent completion of its $115 million rights issue. COMPANY NEWS, PAGE 5
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      • 49 2 PLANS are afoot to take Li Heng Chemical Fibre Technologies private at 41 cents per share, pricing the company at some $690 million, say sources. The stock has been halted from trading since yesterday morning pending an announcement. COMPANY NEWS, PAGE 6
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      • 75 2 INDIAN businesses seem to do better in building talent than their counterparts in Singapore, Hong Kong and Greater China, according to a study to be presented today at the Singapore Human Capital Summit. In 11 critical talent areas that help
        75 words
      • 88 2 A TOP Australian central banker yesterday warned that housing prices could rise too fast if interest rates were kept low for too long, fanning speculation that monetary policy would be tightened as soon as November. Anthony Richards, head of economic analysis at the
        88 words
      • 81 2 AMERICANS' worries about job security flared up in September, causing a widely watched barometer of consumer confidence to fall unexpectedly and raising more concern about the upcoming holiday shopping season. The New York-based Conference Board, a private research group, said that
        81 words
    • 523 2  -  CHUANG PECK MING It'll allow businesses and academia to work together to devise best practices By [SINGAPORE] Singapore will start what is believed to be the first premier institute to develop Asian leadership and management talent for the region. Announcing the move to establish
      I CHUNG KUN SOON/LIANHE ZAOBAO  -  523 words
    • 484 2  -  LYNETTE KHOO It's among 4 lenders cheated by firm's ex-finance manager By [SINGAPORE] The long-drawn-out legal saga stemming from a major fraud perpetuated by a former employee of Asia Pacific Breweries (APB) may not be ending soon after all. One of the
      484 words
    • 421 4  -  OH BOON PING Calls for tougher UN sanctions against Iran fuel jitters By [SINGAPORE] Oil prices crossed US$67 a barrel yesterday, but retreated later in the day on weak demand outlook in the West. Yesterday morning, the benchmark crude for November delivery touched
      421 words
    • 672 4 Luxury condo prices up 17% from Q1; new peak for prime area landed homes [SINGAPORE] Latest figures from DTZ show that prices of completed landed and non-landed private homes in various segments continued to recover in the third quarter after bottoming out in
      DTZ Research  -  672 words
    • 473 4  - Oil traders stock up and wait for the upturn RONNIE LIM By [SINGAPORE] In the last three months, oil traders have been stocking up and building inventories, especially on cheap floating storage hoping to secure higher oil prices with the global economic recovery picking up pace. "It's essentially been a
      473 words
    • 488 4  -  WINSTON CHAI Both kept mum whether their bids are solo or joint By [SINGAPORE] Singapore Telecommunications and StarHub have both tossed their hats into the ring for the English Premier League (EPL) broadcast rights. But the silence surrounding the nature of their
      I AP  -  488 words
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  • Page 2 Miscellaneous

  • Page 3 Advertisements
    • 382 3 m Founded in 1898, T.M.Lewin is one of London's leading quality Shirtmakers. <S^%| With over a century of experience in making and selling Jermyn Street shirts, 1 Jr it maintains the highest standards of quality and our shirts are still made to the iolW^!Rsk wi i^ same exacting standards as
      382 words

  • Page 4 Advertisements
    • 1651 4 IN THE MATTER OF THE IN THE MATTER OF THE Notice is hereby gb^£i& iL reported lost: COMPAMESACT, CAP. 50 COMPANIESACT, CAP. SO lIMITPI-I ENRIIUPFRC I IMITPn IN THE MATTER OF IN THE MATTER OF UNI ILU ENUirabbKb LIHIII fcU THE ADAM PAN ASIA REAL TRI-STAR EQUITY PTE. LTD. (Incorporated
      1,651 words

  • COMPANY NEWS
    • 397 5  -  VINCENT WEE Firm sees expansion after recent completion of $115m rights issue By OFFSHORE marine specialist Otto Marine yesterday completed the eighth of a series of ten 10,800bhp anchor handling towing and supply tugs (AHTS) and is poised to take its expansion further after the
      397 words
    • 468 5  -  UMA SHANKARI This despite better share prices and refinanced debt By SINGAPORE-listed real estate investment trusts (S-Re-its) have mostly refinanced their maturing debt obligations this year and have benefited from a recent share price recovery, noted Fitch Ratings in a new special report. But questions
      468 words
    • 762 5  -  R SIVANITHY IF NEWS reports are to be believed, governments in developed nations are studying proposals to I regulate and maybe even cap sala--1 ries in their respective banking sectors, the conventional wisdom being that it was exorbitant salaries in these institutions that
      762 words
    • 399 6  -  LYNETTE KHOO Talk of 41 cents a share offer; trading halted pending an announcement By L PLANS are afoot to take Li Heng Chemical Fibre Technologies private at 41 cents per share, pricing the company at some $690 million, say sources. The stock
      399 words
    • 317 6  -  LYNETTE KHOO By IN A bid to get out of its predicament, Oriental Century announced plans yesterday to divest its China-based subsidiaries so that it can start with a clean slate and offer itself as a reverse takeover (RTO) candidate. The clock is
      317 words
    • COMPANY BRIEFS
      • 43 6 CHINA Kunda Technologies has raised $7.15 million via the issue of 32 million new shares to a group of institutional investors including US-based Barron Partners, which has recently also taken up stakes in Sinotel and China Taisan.
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      • 37 6 THE Singapore Exchange has received the Exchange of the Year, Asia 2009 Award from Energy Risk magazine, in recognition of its contributions to the over-the-counter (OTC) derivatives market in Asia.
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      • 42 6 TT International has despatched a circular containing its proposed scheme of arrangement to shareholders. It proposed an issue of zero coupon redeemable convertible bonds to its creditors. Approval from shareholders and the High Court is required.
        42 words
    • 283 6 CAPITALAND-linked entities have taken full ownership of 22 retail malls in China under an asset swap deal. The asset swap arrangement is between two sponsored funds Capitaßetail China Development Fund and Capitaßetail China Development Fund II of the Singapore property giant and China's SZITIC
      283 words
    • 244 6  -  CHEW XIANG By ST Electronics has won a 58.8 million yuan (5512.2 million) contract to provide electronic systems to Changchun Rolling Stock Company. The electronics arm of listed ST Engineering said the passenger information systems (PIS) and security monitoring systems
      244 words
    • 367 6  -  RONNIE LIM By I THE Chandran family, the majority shareholder in Chemoil Energy, "continues to have discussions with a number of parties" regarding the sale of its stake in the Singapore-listed marine fuel supplier, a source said yesterday. But "it's
      367 words
  • Page 5 Advertisements
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      187 words

  • Page 6 Advertisements
    • 3149 6 GEMSTV GEMS TV HOLDINGS LIMITED (Company Regislralion No. OR-*****6) (Incorporated in Cayman Islands wilh limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GEMS TV HOLDINGS LIMITED (the "Company") will be held at RELC International Hotel. 30 Orange Grove Road, Singapore *****2
      3,149 words

  • Page 7 Advertisements
    • 1369 7 lnv< ent In KAZAKHSTAN ERIG TTIMEISNOW With sound regulations, economic and political stability and all the pre-requisites for dynamic development, the Republic of Kazakhstan is accelerating its creation of a conducive investment climate that readily attracts the flow of foreign direct investment (FDI). The Facts Speak For Themselves 1998, runs
      1,369 words

  • SINGAPORE MARKETS
    • 687 8  -  OH BOON PING CURRENCIES Japanese yen continues to be the talking point in forex market ASIAN currencies recoup some of their losses against the US dollar yesterday, even though the movement of the Japanese yen continues to be the talking point in
      687 words
    • 227 8 Changes since Dec 31,2008 YEAR TO DATE SEPT 29'09 HIGH LOW CLOSE CHNG USS vs CURRENCY JPY 89.76 -0.94 101.45 87.11 SGD 1.4186 -0.82 1.5579 1.4130 IDR 9715 -10.46 ***** 9690 THB 33.61 -3.17 36.31 33.61* CNY 6.8277 0.07 6.8560 6.8190 MYR 3.4880 1.09 3.7370 3.2195 CURRENCY
      227 words
    • 93 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 5 3 0 0 0 8 5 3 lanufacturing 73 62 69 12 80 69 81 Commerce 30 14 26 33 19 28 "pt/Stor/Comms 15 13 13 15 15 13 ■inance 16 16 instruction 11
      93 words
    • 114 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 57,256 57,256 57,112 57,112 lanufacturini 736,876 37,563 774,439 362,330 3,017 365,347 Commerce 232,678 77,104 309,782 177,956 16,443 194,399 'pt/Stor/Comms 142,558 8,805 151,363 171,837 2,323 174,160 :inance 34,874 34,874 158,206 158,206 Construction 99,936 12,397 112,333 27,474 472 27,947 ■roperties 148,374
      114 words
    • 37 8 la pita Land 3.680 +0.030 .apr Jev" lornl Fori iro .osco .orp mp ien' ting fen" Jafi line jppel .orp Noble Grp 2.470 +0.100 :ngg :ngg >eml .orp >eml .ing far I mar
      37 words
    • 249 8  -  CONRAD TAN Singapore banks DBS Group Research, Sept 29 HISTORICALLY, we note that loan growth recovery lags economic recovery. This time around, the lag may be longer. The Singapore economy is currently operating at excess capacity, implying that the need for additional credit would remain subdued. Corporates seem
      249 words
    • 539 8  -  R SIVANITHY STOCKS HANKS to a surprise Monday rebound on Wall Street, stocks in this part of the world rose yesterday. In Hong Kong, the Hang Seng Index finished 2.1 per cent per cent higher, while here, the Straits Times Index gained, recovering almost exactly Monday's
      539 words
    • 88 8 Wh lere S! stands Sen 29 CHNG CLOSE FR Sep 28 YR2009 S$ LOW S$ HIGH uss 1.4186 0.10 1.5579 1.4117 Euro 2.0682 0.43 2.0897 1.9150 Pounds 2.2515 0.31 2.4366 2.0356 1.2400 -1.07 1.2400* 0.9453 ren* 1.5805 0.38 1.7278 1.4831 Rupiah* 0.***** 0.20 0.***** 0.***** Baht* 4.2208 0.13 4.3390
      88 words
    • 60 8 Sep 29 VALUE CLOSE IT OB/OS 232.00 +349.C IT CADI -*****.00 +67. IT 10-day MA -*****.00+23.0i TSE ST Mid Cap 617.09 +5.2 TSE ST Small Cap 559.22 +0.9 TSE ST All Share 656.70 +7.5 TSE ST China Top 282.98 +0.51 TSE ST China 293.77 +2.2 TSE ST
      60 words
    • 58 8 VOLUME Gentinq SP 102,597,000 ChinaTaisan 84,044,000 Memstar 76,162,000 ChinaAniH 67,929,000 EcoWise 66,088,000 Golden Agri 62,516,000 Great Group 58,190,000 Oakwell Enqq 48,850,000 ChinaNTown 48,486,000 Gentinq SP R 45,943,000 VALUE(S) Wilmar 129,209,706 Gentinq SP 115,486,100 Noble Grp 65,965,960 DBS Grp 65,795,780 Sing Tel 62,144,688 Olam 45,079,381 Yinq Li 35,695,750
      58 words
    • 102 8 CLOSE UP 3090 184.4 4.4 IMH ISH 1700 96.5 4., ICBC Bk5.1%NCPS 100 ***** 54.0 0. LD 10US 9754 53.9 0.. iBXT MSTaiwan 10US$ 1516 51.1 2, iBXT FTChina25 10US! 2925 44.0 1.1 China H 10US$ 1550 35.5 )CC 3.93% NCPS10 8000 30.0 0.. At 1028 24.0 2, MS
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    • 108 8 BY CENTS CLOSE DOWN 5827-163.1 -1.9 iBXT S&P Short 10US! iTXPO 100 1398 -24.0 -1.7 reat Eastern 1370 -18.0 -1.3 imei lav 519 -15.0 -2.! ;GX.ES.O9O9 836 -12.0 -1.4 iBS BNPePW/*****8 25 -10.0 -28.6 reat Groui 37.5 -6.0 -13.: ;TI2750BNPePW*****9 29 -5.5 -15.9 'ilmar DBSeCW/*****4 27 -5.5 -16.9 lencast
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  • SINGAPORE NEWS
    • 182 9  -  CHUANG PECK MING But S'pore, HK firms focus more on talent development to boost bottom line Reports by INDIAN businesses seem to do better in building talent than their counterparts in Singapore, Hong Kong and Greater China, according to a study to be presented today at
      182 words
    • 322 9 S'PORE HUMAN CAPITAL SUMMIT most important talent domain in driving talent management is building a business case for talent," the statement said. "This implies that building a sound business case is a good area to target to improve business performance." A business case for
      322 words
    • 339 9 Judges laud its competency-based talent management practice THE Singapore Human Capital conference, which is into its second year, isn't just a talk shop to tap new ideas on building talent. With the launch of the Asian Human Capital Award this year, the summit also seeks
      339 words
    • 477 9  -  EMILYN YAP Relatively high interest rates drawing customers By DESCRIBING Singapore as the "missing link" in its regionalisation drive, CIMB Bank is boosting its retail presence here with a host of new products and services ranging from credit cards to home loans.
      477 words
    • 653 10  -  I LEE U-WEN RUSSIA-S'PORE BUSINESS FORUM He identifies 3 key areas where both countries could partner each other By RUSSIA can tap Singapore's strong regional connections to open doors to many lucrative research and business opportunities, Senior Minister Goh Chok Tong
      THONG KAH HOONG/LIANHE ZAOBAO  -  653 words
    • 493 10  - Russia's future depends on how it uses its oil gas: MM JOYCE HOOI By RUSSIA has come a long way and can go further if the country is able to capitalise shrewdly on its natural resources, Minister Mentor Lee Kuan Yew told more than 300 Russian business leaders at the
      493 words
    • 388 10  -  TEH SHI NING Panellists discuss, share ways to use country's strengths Byl ECHOING Senior Minister Goh Chok Tong's opening speech at the Russia-Singa-pore Business Forum, private sector players yesterday discussed how businesses could use Singapore as "a springboard into Asia". Speaking from experience,
      388 words
    • 404 10  -  CHEW XIANG High public sector pay cheaper than cost of corruption By LAW Minister K Shanmugam yesterday spoke of Singapore's experience in fighting corruption at a seminar to discuss governance and anti-corruption measures in the region. The conference was organised by the Singapore
      404 words
    • 179 10 -AFP SINGAPORE'S representative to the Miss World beauty contest has stepped down after being exposed as a credit card cheat, the local contest organisers said yesterday. Ris Low, a 19-year-old student, had first resisted calls to give up her crown after Singapore media
      -AFP; FILE PHOTO  -  179 words
  • Page 9 Advertisements
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      88 words

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      625 words

  • ECONOMY WATCH
    • 549 11 Reuters His comments fan speculation that monetary policy will be tightened in Nov [SYDNEY] A top Australian central banker yesterday warned that housing prices could rise too fast if interest rates were kept low for too long, fanning speculation that monetary policy would be
      – Reuters; ,11 n REUTERS  -  549 words
    • 409 11 Reuters [HONG KONG] China Investment Corp (CIC) is set to spend US$2 billion buying US distressed assets from property to infrastructure via three funds, including one managed by Goldman Sachs, sources briefed on the plan said yesterday. ClC's latest swoop on
      – Reuters  -  409 words
    • 511 11 Bloomberg [NEW YORK] The rise of China and other emerging economies has underscored a decline in the comparative economic and intellectual leadership of the United States, former Federal Reserve chairman Paul Volcker says. "I don't know how we accommodate ourselves to it," Mr
      – Bloomberg  -  511 words
    • 477 11 -NYT US DOLLAR DEBATE It faces growing competition from euro, Chinese yuan [WASHINGTON] The president of the World Bank said on Monday that America's days as an unchallenged economic superpower might be numbered and that the dollar was likely to lose
      -NYT  -  477 words
    • 390 11 Bloomberg [TOKYO] Japan's government should support the US dollar's status as the world's reserve currency, according to a former top currency official who was set to become an adviser to Finance Minister Hirohisa Fujii yesterday. "There's no better alternative to the dollar," Toyoo Gyohten,
      Bloomberg; REUTERS  -  390 words
    • 233 11 Bloomberg Euro falls to as low as U551.4627 after Trichet's remarks [BRUSSELS] European Central Bank president Jean-Claude Trichet said that a strong US dollar is "extremely important" for the world economy. "In the present situation, it is extremely important that we can
      Bloomberg  -  233 words

  • MALAYSIA
    • 486 12  -  S JAYASANKARAN Appointment by oil firm, which had rejected him twice, shows PM's power By in Kuala Lumpur OMAR Mustapha, a confidant of Prime Minister Najib Razak, has been appointed to the board of national oil corporation Petronas, effectively quashing a board rebellion that
      Jj STAR  -  486 words
    • 658 12  -  PAULINE NG Growth driven by 13% increase in Singapore visitors By in Kuala Lumpur MALAYSIA'S tourism sector has so far defied the global recession and HINI outbreak, registering an increase of 4.4 per cent up to August. Of the 15.4 million arrivals, Singaporeans
      AFP  -  658 words
    • 231 12 Reuters [KUALA LUMPUR] Malaysia's top telecom firm Maxis Communications Bhd is expected to complete the initial public offering (IPO) of its Malaysian operations by mid-November as competition heats up for Asian share listings, two sources with knowledge of the deal
      – Reuters  -  231 words
  • Page 12 Advertisements
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  • GREATER CHINA
    • 980 13 Reuters Sustaining growth will become harder as it can no longer rely on its exports [BEIJING] China's Communists are partying this week like it was 1949. They should make the most of it. Sustaining the rapid growth that has underpinned the party's legitimacy during the
      – Reuters; XINHUA  -  980 words
    • 389 13 Bloomberg Wang Chuanfu's wealth has leapt to USss.lb [SHANGHAI] Wang Chuanfu, founder of battery and car maker BYD Co, jumped 102 places to top the annual Hurun Rich List of China's wealthiest after an investment by Warren Buffett led to a fivefold
      – Bloomberg  -  389 words
    • 255 13 AFP [TAIPEI] Taiwan may allow Chinese investment in its flat panel and microchip sector, the economic minister was quoted as saying yesterday, in a sign of improving ties despite recent rows with the mainland. Shih Yen-hsiang confirmed his ministry may ease restrictions on Chinese investment
      AFP  -  255 words
    • 183 13 Bloomberg [MONTREAL] Bombardier Inc, the maker of trains and CSeries jets, said on Monday that its Chinese joint venture has won a contract valued at 27.4 billion yuan (555.7 billion) to build 80 high-speed trains for the Asian country. Bombardier's share of the
      ■ Bloomberg  -  183 words
    • 376 13 ■NYT [SHANGHAI] The Chinese Internet portal Sina.com said on Monday that it had scrapped plans to pay as much as US$l.7 billion to acquire a large stake in Focus Media, one of the biggest Chinese advertising and digital media companies. The
      ■NYT  -  376 words
  • Page 13 Advertisements

  • INDIA
    • 481 14 -AFP Deal can emerge despite regulatory obstacles that have cropped up [NEW DELHI] Talks between India's top mobile firm Bharti and South Africa's flagship cellular group MTN may have to be extended due to new hurdles in their bid to create a telecoms
      -AFP  -  481 words
    • 697 14 NYT Gold loan firms thrive as unsecured credit dries up [KOCHI, India] Indians own more gold than the citizens of any other country. They use the glittering metal as ornaments to flaunt family wealth, as a source of retirement savings and as insurance against
      NYT; J REUTERS  -  697 words
    • 343 14 Bloomberg [NEW DELHI] General Electric Co, the biggest maker of power-generation equipment, is reviving its Indian wind-turbine business after a four-year absence because the government has improved incentives. Fairfield, Connecti-cut-based GE said this month it will build wind turbines in south
      Bloomberg  -  343 words
  • Page 14 Advertisements
    • 3109 14 j*^^^^^^^^^^^^^^^^^^^^^^^^^™^^^^^^^^^^^^^^^^^^^^^^^^^™S IN THE MAnER OF f i THE COMPANIES ACT, CAP. 50 SCINTRONIX INTHeZtTEROF INTEGRITY MANAGEMENT COMPANY SCINTRONIX CORPORATION LTD. < Co Reg. Z -mmmioioi (Incorporated in the Republic of Singapore) NOTICE OF RESOLUTIONS (Company Registration NO.: *****1719E) At an Extraordinary General Meeting of the members of INTEGRITY MANAGEMENT NOTICE
      3,109 words

  • ASIA-PACIFIC/WORLD
    • 467 15 -AP LATEST US DATA Figure raises more concern about the upcoming holiday shopping season [NEW YORK] Americans' worries about job security flared up in September, causing a widely watched barometer of consumer confidence to fall unexpectedly and raising more concern about the
      -AP; AFP  -  467 words
    • 364 15 Bloomberg [BRUSSELS] European confidence in the economic outlook increased to the highest in 12 months in September as the economy showed signs of rebounding from the worst recession in more than six decades. An index of executive and consumer sentiment in the 16-nation euro
      – Bloomberg  -  364 words
    • 350 15 -AP [COPENHAGEN] Tokyo has spent months saying how important the environment is to its bid for the 2016 Olympics. Now it's showing it. Using a large, interactive globe that shows, among other things, the far-reaching spread of pollutants and possible effects
      -AP  -  350 words
    • 198 15 ■AFP [MADRID] Fernando Alonso, Spain's two-time Formula One world champion, will sign a five-year contract with Ferrari worth 25 million euros (Sss2 million) a season, Spanish radio said yesterday. The deal will be announced tomorrow, Cadena Ser radio said. Alonso is under contract with
      ■AFP  -  198 words
    • 571 15  -  MICHELLE QUAH Operators in S'pore, HK, Australia and M'sia were gauged By SMALL businesses in Hong Kong, Singapore and Malaysia could be key drivers of economic recovery here, says a new CPA Australia survey. The CPA Australia Asia-Pacific Small Business Survey 2009 interviewed
      571 words
    • 408 15  -  AMIT ROY CHOUDHURY By i [SINGAPORE] Jeffrey R Immelt, chairman and CEO of General Electric (GE), said yesterday that there are signs that the world economy has decoupled from the US, and Asia has started showing signs of recovery while the US economy is
      ARTHUR LEE  -  408 words
    • 546 15 Reuters [NEW YORK] The law of supply and demand has reached the world's vineyards tipping wine prices in consumers' favour. Pali Wine Co, a small California Pinot Noir producer which started out selling wines for US$4O, US$5O and US$6O a bottle in
      – Reuters  -  546 words

  • WORLD
    • 711 16 AP They constitute advance insurance premiums for 2010-2012 [WASHINGTON] Looking to shore up the diminishing fund that insures bank deposits, the Federal Deposit Insurance Corp may take the unprecedented step of requiring banks to prepay three years' worth of premiums: about
      – AP  -  711 words
    • 195 16 Reuters [ZURICH] ÜBS chief executive Oswald Gruebel said that Paine Webber, the bank's US wealth management unit, is "non-core" but the bank will not sell at present, the Financial Times quoted him as saying. "We've had a lot of inquiries from potential buyers,
      – Reuters  -  195 words
    • 378 16 NYT Access to hundreds of titles for U5579.95 a year [LOS ANGELES] Walt Disney Co hopes an ambitious new digital service that it plans to unveil yesterday will transform how children read its storybooks. In what it bills as an in-dustry-defining moment though rivals
      NYT  -  378 words
    • 569 16 Bloomberg G-20 pay standards would remove tool to attract talent [NEW YORK] Citigroup, Bank of America and smaller banks struggling to attract talent and regain ground on stronger peers may face a new obstacle resulting from the global push to rein
      Bloomberg; REUTERS  -  569 words
    • 387 16 Reuters [PARIS] BNP Paribas, France's biggest bank by market capitalisation, yesterday joined a recent European rush to pay back the government for its financial support during the credit crisis. The bank launched a capital increase for 4.3 billion euros (SsB.9 billion) and said
      ■ Reuters  -  387 words
    • 433 16 AP Layoffs take heavy toll on those with no golden parachute [WASHINGTON] The recession has hit middle-income and poor families hardest, widening the economic gap between the richest and poorest Americans as rippling job layoffs ravaged household budgets. In 2008,
      AP; AFP  -  433 words

  • TransportHUB
    • 739 17  -  VINCENT WEE Key to profitability is type of business model used, markets the operator is in By [SINGAPORE] The offshore supply vessel market is one of the few sectors in shipping that is relatively unscathed by the economic crisis and, although rate levels
      739 words
    • 338 17 Bloomberg [LONDON] The Baltic Dry Index, the main measure of shipping costs for commodities, may surge more than 80 per cent by the end of the year on increased demand for shipments to China, according China Ocean Shipping (Group) (Cosco). The gauge
      ■ Bloomberg  -  338 words
    • 167 17 -AFP [WASHINGTON] A Singa-pore-flagged tanker carrying more than 2.2 million litres of crude oil ran aground in the Mississippi River in the early hours of Monday, the US Coast Guard said. "The tank vessel Eagle Tucson was travelling upbound. It was at mile marker three
      -AFP  -  167 words
    • 697 17 Bloomberg [SINGAPORE] China and South Korea's support for shipbuilders may add to a glut of capacity, slowing a recovery in freight rates and vessel prices. The world's two largest shipbuilding nations have taken steps this year to aid shipyards and safeguard
      – Bloomberg; FILE PHOTO  -  697 words
    • 284 17  -  VINCENT WEE By\ [SINGAPORE] Drydocks World Southeast Asia yesterday officially opened a training centre in Batam, where it has three yards, to develop the technical skills of the local workforce. "The training centre is an integral part of our continuing commitment to the
      284 words
    • 289 17 Bloomberg [TAIPEI] Taiwan, the world's fifth-biggest importer of liquefied natural gas, increased imports of the fuel by about 9.2 per cent in August, reversing a decline in July, adding to signs of an economic recovery. The island bought 2.1 million kiloliters, or 952,000 metric
      ■ Bloomberg  -  289 words
    • TRANSPORT STOCKS
      • 107 17 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp Mercator Lines MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.72 0.31 1.22 0.66 1.88 0.60
        107 words
      • 37 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.96 8.90 8.94 3.00 3.00 unch 0.09 -0.01 -0.10 unch unch unch unch unch 114 93 811 945 3 0 738 73:
        37 words
      • 12 17 '00 Precious Ship Regional Cont .17.90 .11.40 0.10 unch 1278 2136
        12 words
      • 11 17 '000 Doil iingamas Cont .39.15 ...1.39 -0.45 0.01 132. 392:
        11 words
      • 20 17 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.20 22.00 unch unch unch 0.25 unch unch 130' 74(
        20 words
      • 14 17 Evergreen Marine ...18.90 :irst Steamship 38.05 /Van Hai Lines 17.00 0.20 0.45 -0.05
        14 words
      • 37 17 '000 :awasaki Hvy Ind ..223.00 :awasaki Kisen 343.00 /litsubishi Hvy 339.00 /litsui Eng&Sbldg...235.00 yiitsui Osk Lines 523.00 Jippon Express 364.00 JipponYusen 348.00 3.00 ***** unch 7927 1.00 ***** -5.00 4381 2.00 ***** -4.00 2509 unch 6655
        37 words
    • TRANSPORT HUB: AVIATION
      • 516 18  -  VEN SREENIVASAN 1.1% dip offers hope but average fares remain depressed By IT MAY not be growth yet, but smaller sequential monthly declines in traffic numbers offer a glimmer of hope for the long-suffering global aviation industry. Data released by the International Air
        ■: lATA  -  516 words
      • 620 18 -Reuters 13 deliveries seen for 2009, from recent target of 14 [PARIS] European planemaker Airbus looked set to cut its forecast for A3BO superjumbo deliveries in 2009 to 13 aircraft, from its most recent target of 14 planes, after a deal with one of
        -Reuters  -  620 words
      • 281 18 AFP [PARIS] An engine problem on a Singapore Airlines A3BO superjumbo airliner was a "non-event" in technical terms, the chief executive of the company that built it said on Monday. Singapore Airlines said that the plane carrying 444 passengers from Paris
        AFP  -  281 words
      • 210 18 AFP [NEW DELHI] Air India said that about half of its international flights had been cancelled due to a strike by pilots yesterday which entered a fourth day after negotiations to end the dispute broke down. Nine out of 21
        AFP  -  210 words
      • 2664 18 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bourag Airlines (BOU), BR
        2,664 words
    • TRANSPORT HUB: LAND
      • 569 19  -  SAMUEL EE It delivers 8% less cars in H1 2009, but market share up 10 points to 32.8% By FERRARI may be driving into lower global sales this year but its market share has jumped, with the Italian super sports car maker saying
        YEN MENG JIIN  -  569 words
      • 967 19 Lada spots rival Geely in rear-view mirror in Cuba Reuters Chinese cars make some headway, but Cubans say Lada's no pushover [HAVANA] After three decades as the favoured car of Cuban nomenklatura, the austere, Rus-sian-built Lada has spotted a Chinese rival in its rear-view mirror. Ministers, communist officials and police
        Reuters; REUTERS  -  967 words
      • 361 19  -  SAMUEL EE By FOR the first time in Singapore and Asean, a Ferrari showroom is compliant with the prancing horse's corporate identity standards. Furniture for the 7,000 square foot showroom at 30 Leng Kee Road were specially ordered from an authorised supplier in Shanghai, where
        ARTHUR LEE  -  361 words

  • Page 18 Miscellaneous
    • 350 18 CRYPTIC CROSSWORD Across 9 American city given honour pj Wfi K HjWi Hfl^ Hfl^ IH^ M* what a surprise! (5) I_HH_HH_^H_HH_HH_HH_HH_ 11 This person is indifferent and 12 Terribly sure? No inside is very jittery (7) 13 Laughable commander? l|4 f Then take the mickey, not 14 Rebel troubled about
      350 words


  • EDITORIAL & OPINION
    • 486 20 THE Shanghai meeting of the foreign ministers of South Korea, China and Japan on Monday may be an indication of a quickening of the pace for a new system of cooperation in East Asia. Within weeks of being anointed by Parliament, Japanese Prime
      486 words
    • 996 20 -LAT-WP Costly 'solutions' proposed could end up worsening things, warns BJORN LOMBORG IN SPEECH after rousing speech at the United Nations summit on global warming last wee-k, politicians emphasised the need to protect the world's most vulnerable, who will be hit
      -LAT-WP; REUTERS  -  996 words
    • 616 20  -  RODOLFO C SEVERINO THE BOTTOM LINE IT was a move that was hardly noticed by the international media Australia's House of Representatives on Sept 16 passed legislation paving the way for the country's ratification of the free trade agreement (FTA) that Australia had
      616 words
    • 1158 21 The new practice will save a lot of tedium, says 808 YAP ON JULY 30, a quiet but potentially revolutionary step for the legal process in Singapore took place when Registrar Foo Chee Hock signed off the rather mundane-sounding Practice Direction No 3 of 2009. A
      REUTERS  -  1,158 words
    • 1141 21  -  LEILA ABBOUD Reuters By #ONGLE" may sound a bit goofy, but the inno-cent-seeming technoloH gy is emerging as one of the biggest challenges to the mobile telecoms industry in coming years. Alongside smartphones, these 3G cards or sticks that allow people to get
      Reuters; AFP  -  1,141 words


  • SINGAPORE STOCKS
    • 8959 22 Transaction date: Sep 29 52-wks Tel |h Low Code Last Sale Vol COOP) Hi. Day Last Quote Div Gr Yld Net 111 Low Buyer Seller C'vr P/E M Cap Sniil Hi. Coi 17 3 3148 8Telecom 9.5 2.5 5834 A-Sonic 31.5 12 5000 ABRHIdgs 15.5 5.5 1938 AEI
      8,959 words
    • 1638 23 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 15.5 5 1181 s AAGrp 25.5 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 20 8.5 3518 s Afor 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,638 words
    • 407 23 52-Wk Tel h Low Code Last Sale Vol C000) Day Ih Low Last Quote Buyer Seller Div GrYld C'vr Net P/E MCap $mil _Hu Comi _H|< 110 100 6389 ABFSG Bond ETF 110cd 783 427 CIMBAsean40 100US$ US762 +4 274 149 DBS STI ETF 100 266cd 4317 3534
      407 words
    • 259 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      259 words
    • 9459 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 2.037/ AIGIF Spore Bond Fund/ A 1.347/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.07/ APS Alpha Fund (USD)!** 0.75/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5095/ APS Komaba
      9,459 words
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  • FINANCE & COMMODITIES
    • 371 24 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Sep 28 World Index Preliminan 801.3 1.2 18.2 1.4 20.6 1.1 22.! EAFE Preliminai 762.2 0.6 17.4 0.7 23.3 0.4 25.: Euro[ Prelim inan 1092.2
      371 words
    • 133 24 As at 9am Sen 29 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2270 1.2640 Can dollar 1.2980 1.3150 Euro 2.0620 2.0860 NZ dollar 1.0100 1.0320 Sterlini ind 2.2430 2.2690 US dollar 1.4110 1.4270 Local dollars to 100 units of foreign
      133 words
    • 175 24 Sen 29 IS Offer Bid Overnight 1/4 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.33 US$ Offer 1/8 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.32 0.35 0.38 0.42 0.70 1.10 1.25 Offer 0.22 0.25
      175 words
    • 30 24 Sea 29 ten Hii ih Sett STI Se 2675 2675 2663 SIMSCI Se 315.7 320.5 318.7 Taiwan Se 266.3 274.4 272.2 Source: MF Global (S) He. Ltd
      30 words
    • 22 24 c^« ~>n SS Bid Offer 1-month 1.4187 1.4201 2-months 1.4189 1.4204 3-months 1.4190 1.4205 6-months 1.4196 1.4211 Source: OCBC
      22 words
    • 60 24 Sep 29 Delivery Month Opening Sett Av Range Price Price Hi Vol Open Done Position Low Oct09 2155 2154 2170 2153 260 1155 Nov09 2128 2125 2140 2109 1271 ***** Dec 09 2109 2105 2127 2093 ***** ***** Jan 10 2120 2110 2125 2095 3354 ***** Total o/p:
      60 words
    • 290 24 Sep29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO9 Mar10 Jun10 Sep10 99.6200 99.3600 99.0150 98.6250 7078 5323 3220 2565 EUROYEN TIBOR FUTURES DecO9 99.495 99.500 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 99.495 99.500 99.530 99.530 99.515 99.475 99.390 99.330 99.330 1070 8 200 6091
      290 words
    • 189 24 Sep29 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) 0/1 (lots) Oct 09 215.0 NOV09 Dec 09 Jan 10 212.5 Feb 10 212.5 Mario 212.5 210.5 210.0 210.0 210.0 214.0 214.0 214.0 212.5 212.5 212.5 44 60 60 60 376 515
      189 words
    • 82 24 Sep29 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****N 31.12.2009 1-Year BY*****W 03.05.2010 0.34 0.39 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****H 3.625 5-Year N*****0N 1.375 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year NY*****H
      82 words
    • 98 24 Sep2B SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov09 919.50 926.00 937.25 912.75 Jan 10 924.50 931.00 941.75 917.75 Mar10 924.00 932.00 942.25 918.75 May 10 920.25 931.00 941.00 915.00 SOYBEAN/OIL (60,000 lbs;llscent/lb) Close Previous High/Low Oct09 33.24 34.04 34.18 33.17 Dec 09 33.63
      98 words
    • 76 24 CRUDE OIL PRODUCTS Sep2B CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 65.98 0.93 WTI (Near Mth) 66.85 0.86 Dubai (1-Mth F) 64.22 -0.77 Tapis blend 69.70 -0.70 Minas 67.00 0.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 61.00 71.35 -1.40 -0.95 US$/barrel Opec Oil Basket
      76 words
    • 464 24 Sep 29 AS _CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.947 5.960 0.599 6.765 41.958 84.797 0.784 10.352 3.046 1.215 72.608 41.548 1.239 6.460 0.905 28.254 29.332 0.551 0.873 Canada 1.056 6.294 0.633 7.144
      464 words
    • 75 24 Sep 29 6 mths 0.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 3.***** Source: Thomson Reuters 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.*****
      75 words
    • 156 24 Sep29 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2377 1.2396 0.8726 0.8731 Canadian dollar 1.3072 1.3092 0.9216 0.9221 Euro 2.0653 2.0681 1.4561 1.4566 NZ dollar 1.0184 1.0206 0.7180 0.7188 Sterlini ind 2.2477 2.2507 1.5847 1.5852 US
      156 words
    • 141 24 Spn ?Q GOLD (USS/oz) Sep 25 Sep 28 Hong Kong London 991.00 989.40 992.00 990.40 Sep 28 Sep 25 993.90 991.30 994.70 992.30 Source: Thomson Reuters CAST BAR (S$) Sep 29 Buying Sellim Kilobar "48,670.02" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm
      141 words
    • 70 24 Sep 28 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1798.75 1781.65 3 months 1833.00 1815.00 Copper, Grade A (USS/tonne) Cash 3 months 5995.50 6010.00 5975.00 5990.00 Lead (USS/tonne) Cash 2180.25 3 months 2207.00 2158.00 2185.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3
      70 words
    • 72 24 Sep 28 Close Prev Hii ih/Low Dec 09 2049 2035 2066/2029 Mar 10 2064 2050 2080/2043 May 10 2081 2066 2097/2060 Jul 10 2027 2019 2041/2017 COFFEE (US$/tonne) Close Pev High/Low SepO9 1390 unch 1399/1381 Nov09 1405 1400 1419/1384 Jan 10 1432 1424 1444/1411 SUGAR (US tonne) White Close
      72 words
    • 2346 24 BONDS, WARRANTS EXTENDED SETTLEMENT lei lode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 >036AdvanceSCTLtdW*****9 0.5 Allgreen Properties.ES.0910 117 AscendasREIT.ES.0909 172 S756#AsiaticGrp(H) LtdW*****2 7 H05#Asiatravel W*****7 33 >878Aztech Systems W*****6 2 unch 125 l912BakerTech W*****3 34 BanJoo
      2,346 words

  • Page 25 Advertisements
    • 2911 25 The Business Times Shipping Times M WAN HAI INTERNATIONAL PTE LTD UEN *****4695M V—^ £*^TC| K5_E gffiWfWr'^^^fmgMß V"y_TV.IAIAM UAI lIMFC TEL*****588 (14LINES) FAX:*****163 1* A vZ^TiIIrTTTIH IWpHBBBHMWIHWWB _H-Mtf-MN NP^MRMN V\ 1 WAN n/\l INt J PKLIEL: (03| *****888 FAX: (03| *****288 PEN UL: (04) *****00 FAX: (04)*****99 EMMH^HHj^j^KKygMKII^H VJiA I
      2,911 words

  • Page 26 Advertisements
    • 3276 26 Bg^^|fl Ha Im|C J___i__\!j 1 Jc-JKiN tAK JLl_>r-._K, LIU !|lp t£J^3<Ll)^£M£ Pf—^— i specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I I ITnTTWTTFnT^ 1 1 1 1 1 I 1 1 1 AMX SERVICE Connecting ECL SERVICE via MALTA KINgSeR^ VOY .joajKJI. tllli»#T) )KT --|!M-—
      3,276 words

  • EXECUTIVE MONEY
    • 592 27  -  GERARD MINACK Quality companies are now cheaper the valuation gap between high-grade and low-grade companies is unusually compressed INVESTORS everywhere became macro-obsessed over the past two years. This is understandable: almost every investment decision hung on the unfolding "great recession". Investors didn't discriminate, markets moved together,
      : Morgan Stanley  -  592 words
    • 841 27 ■NYT [NEW YORK] Proposals to cap the compensation of bank CEOs have gained traction lately as a means of heading off another financial crisis. World leaders at the Group of 20 (G-20) summit meeting last week in Pittsburgh agreed in principle
      ■NYT  -  841 words
    • 1012 27 ■AP If its maturity is long, it has greater potential to lose value [LOS ANGELES] Quick you have one minute to answer this question: If you had to make a decision today to reallocate money in your 401 (k) plan or other investment
      ■AP  -  1,012 words
    • 1014 28 IN THE aftermath of the damage wrought by the financial crisis, the accusation most often hurled at bankers is that they had pigeon-holed clients into the wrong risk profile. That is, clients were ushered into investments that were allegedly a poor match with their
      1,014 words
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