The Business Times, 22 October 2009

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Microfilm: NL30173
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf_l A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Thursday, October 22,2009
    20 words
  • Article, Illustration
    Lock icon Govt bond sales plunge as risk appetite returns
    756 1  -  OH BOON PING Emboldened investors no longer content with paltry returns, analysts say By [SINGAPORE] Demand for Singapore government securities (SGS) has plunged amid higher investor risk appetite and rising inflation fears. According to the Monetary Authority of Singapore, average daily sales
    Monetary Authority of Singapore  -  756 words
  • Article, Illustration
    Lock icon Large freehold condo site sold for $158m
    496 1  -  KALPANA RASHIWALA Buyers Hoi Hup and Sunway to build 400-unit condo on land off Sims Ave By [SINGAPORE] In what is one of the biggest freehold condo site deals in the last 12 months, Lee Tat Development has sold a 207,000 sq ft
    496 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.803 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      43 1 Inesi lay lange ICOMP 1,260.06 -5.68 IIKKEI225 10,333.39 -3.45 1ANG SENG 22,318.11 -66.85 ;et INDEX 716.35 -9.25 JAKARTA COMP 2,476.79 -25.43 IANILACOMP 2,919.90 -25.36 ;eoulcomp 1,653.86 -5.29 ;henzhen B 541.08 +3.31 IUMBAI IND 17,009.17 -213.84 12 noon EDT Cham )OW 10,073.30 +31.82
      43 words
    • Article
      Lock icon FOREX
      42 1 IS$ (S$ per US$) 1.394 (US$/S$ per 1.649 2.299 IURO (US$/S$/E) 1.495 2.084 Foreign currency per US$ S$ 'EN 90.70 65.10 3.378 2.423 IK$ 7.750 5.561 !AHT 33.41 23.97 lUPIAH 9.440 6.773 1ENMINBI 6.827 4.899 INDIAN RUPEE 46.37 33.27 1.078 0.774
      42 words
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      97 1 8"*****r*****4' -jjp— r —l n 1 1 n 1 1 1 1 1 1 I—~~it--J1 —~~it--J Top 5-Star rating in Euro NCAP Safety Test mAmmaSKm&** m W~3^rAvMW&Aw Only Manufacturer with *****1HS Top Safety Picks for All Models «M Bfflk _ili 2 '*> J,1 Mmr-ym B_S W**mfw9l F*T_%ls_r#l__lliiwlf-fit. lM MOtOTlttK&ie SUBARU
      97 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      48 1 UK PROPERTY I ECONOMY I M~ BizlT I CORPORATE RESULTS An easy market US winding down core F#, Pacnet plans to invest KepLand Q3 profit to enter TARP programmes US$25-30m in S'pore jumps 70% PAGE 30 PAGE 4 _d PAGE 31 PAGE 6 MMM MM mmWmwSS tiMTMM mMM
      48 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Govt bond sales plunge as risk appetite returns
        58 2 DEMAND for Singapore government securities has plunged amid higher investor risk appetite and rising inflation fears. According to the Monetary Authority of Singapore, average daily sales volumes ofthe benchmark 10-year Singapore government bonds plunged to $33 million last week down from the
        58 words
      • Article
        Lock icon Large freehold condo site sold for $158m
        66 2 IN what is one of the biggest freehold condo site deals in the last 12 months, Lee Tat Development has sold a 207,000 sq ft plot off Sims Avenue for $158 million. The purchase price works out to about $445 per square foot
        66 words
      • Article
        Lock icon Canadian school struggles to reach dotted finishing line
        45 2 SEVEN months after the Canadian International School's Jurong West campus was slated to open, the school's agreement with an unnamed partner for the project remains unfmalised, with $120 million hanging in the balance. TOP STORIES, PAGE 2
        45 words
      • Article
        Lock icon US winding down core TARP programmes
        73 2 THE Obama administration will shutter programmes at the heart of a US$7OO billion financial bailout, while remaining focused on supporting a fledgling economic recovery, Treasury Secretary Timothy Geithner said on Tuesday. "We are now at the point where we can begin to wind down
        73 words
      • Article
        Lock icon Why UOB-KH put trading curbs on Transcu shares
        82 2 HIGH trading volumes coupled with "rapid and inexplicable" price jumps by shares of Transcu Group over the past seven days prompted UOB-Kay Hian to restrict trading on the stock, a source familiar with the matter told BT yesterday. The move was to
        82 words
      • Article
        Lock icon KepLand Q3 profit jumps 70%; revenue up 23%
        63 2 KEPPEL Land yesterday said that third-quarter net profit rose 70 per cent to $78.5 million, from $46.2 million a year ago, as it booked more revenue from its projects and also saw greater contributions from associated companies. Revenue climbed 23 per cent
        63 words
      • Article
        Lock icon Ezra unit clinches contract worth up to US$1b
        50 2 EZRA Holdings' construction and production unit EOC has clinched a contract potentially worth up to about US$l billion from Premier Oil to operate a floating production storage and offloading vessel for the Chim Sao field off Vietnam's shores. COMPANY NEWS, PAGE 9
        50 words
      • Article
        Lock icon Beijing tells banks to brace for policy shift
        48 2 CHINA yesterday urged banks to be more alert to risks from their breakneck lending and also warned them to brace for a policy shift, the latest signal that it might gradually unwind extremely loose monetary conditions. GREATER CHINA, PAGE 16
        48 words
      • Article
        Lock icon HK may scrap mortgage insurance scheme
        52 2 THE Hong Kong Monetary Authority may scrap a programme that offers mortgage insurance for investment properties as the city's central bank tries to prevent a real estate bubble. Mortgage insurance allows home buyers to borrow beyond 70 per cent ofthe property's purchase price. PROPERTY,
        52 words
    • Article
      Lock icon CIS struggles to reach dotted finishing line
      516 2  -  JOYCE HOOI Accord with partner on Jurong West campus construction still not finalised [SINGAPORE] Seven months after the Canadian International School's (CIS) Jurong West campus was slated to open, the school's agreement with an unnamed partner for the project remains unfinalised, with $120
      516 words
    • Article, Illustration
      Lock icon Asean summit in Thailand covered by tight security
      727 2  -  CHUANG PECK MING Agenda likely to include forging closer economic ties [SlNGAPOßE] Prime Minister Lee Hsien Loong leaves today for the 15th Asean Summit and related meetings in the Thai resort town of Hua Hin, where security has been tightened to prevent
      AFP  -  727 words
    • Article
      Lock icon Strong hand against palm-greasing
      612 4  -  CHEW XIANG UST 17 organisations business federaI tions, chambers of commerce, NGOs, I listed multinationals signed a pledge to stamp out graft at an anti-corruption conference here last month. Only 17? In Singapore, a net number of some 15,000 companies are formed each year. There are
      612 words
    • Article, Illustration
      Lock icon US winding down core TARP programmes
      795 4 Reuters, Bloomberg Focus will shift to housing and helping small businesses, says Geithner [WASHINGTON] The Obama administration will shutter programmes at the heart of a US$7OO biUion financial bailout, while remaining focused on supporting a fledgling economic recovery, Treasury Secretary Timothy Geithner said on
      – Reuters, Bloomberg; J REUTERS  -  795 words
    • Article
      Lock icon New SEC rule to make dark pools more transparent
      482 4 Bloomberg, AP Unreported daily volume cut to 0.25% from 5% [WASHINGTON] The Securities and Exchange Commission took a step that may halt expansion of the fas-test-growing stock networks in the US with rules to improve transparency in so-called dark pools. SEC
      Bloomberg, AP  -  482 words
    • Article
      Lock icon Morgan Stanley posts strong Q3 profit of US$498m
      386 4 Reuters, AP [NEW YORK] Morgan Stanley reported bet-ter-than expected quarterly profit yesterday on strong fixed income sales and trading revenue and improved investment banking underwriting results, sending its shares up 5 per cent. The profit stems three straight losing quarters as Morgan
      – Reuters, AP  -  386 words
    • Article
      Lock icon Galleon winds down its funds as investors demand money back
      580 4 -Reuters, NYT Hedge fund has attracted potential buyers: source [NEW YORK] Hedge fund firm Galleon Group said it is winding down its funds, less than a week after its founder was arrested and charged with running one of the biggest
      -Reuters, NYT  -  580 words
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      100 2 j^ mW >"^V For the past 50 years, INSEAD has done I^^ m M more than just research globalisation r^^k I I -we have lived it. IV Q 17 A If) With campuses in Europe, Asia and the Middle East, alumni of more nationalities in more cities, and more customised
      100 words
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      218 3 THERE'S A PLACE WHERE THE SCENERY CHANGES WITH EVERY STEP. THE AIR WITH EVERY BREATH. AND RADIANCE WITH EVERY HOUR. TR I LIGHT MMMV^M W sllfei i^lIS *1 amW V s*lB] &> m'% Wr^ '■■■mVrn^f -'ja" *i _flH_l_i__BJlE_^_____________ ifc,' ..Ai* "'•J-MH VIEWS LIGHT AIR HI I St Josephs Institution I
      218 words
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      451 4 LINAIR LINAIR TECHNOLOGIES LIMITED (Registration No. *****5699D) (Incorporated in the Republic of Singapore) The board of directors (the "Board") of Linair Technologies Limited (the "Company" and together with its subsidiaries, the "Group'') refers to the announcement made on 14 September 2009 (the "Announcement") in relation to the Rights Issue. Unless
      451 words
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  • COMPANY NEWS
    • Article
      Lock icon Why UOB-KH put trading curbs on Transcu stock
      519 5  -  JAMIE LEE Source cites high trading volumes, 'rapid, inexplicable' price jumps HIGH trading volumes coupled with "rapid and inexplicable" price jumps by shares of Transcu Group over the past seven days prompted UOB-Kay Hian to restrict trading on the stock, a source
      519 words
    • Article
      Lock icon More delivery reschedules for Cosco (S)
      320 5 THE waiting game continues with Cosco Corp (Singapore) announcing another series of vessel delivery reschedulings for five 92,500 dwt bulkers from a European ship owner. The latest rescheduling, part of a huge US$l.3 billion order in October 2007, is the fifth time in the
      320 words
    • Article
      Lock icon KepLand Q3 profit jumps 70%; revenue up 23%
      432 6  -  UMA SHANKARI Company says it is well-placed to grow through acquisitions with recent cash call By KEPPEL Land yesterday said that third-quarter net profit rose 70 per cent to $78.5 million, from $46.2 million a year ago, as it booked more revenue
      432 words
    • Article, Illustration
      Lock icon Changjiang Fertilizer eyes profit rise, M&As
      563 6  -  LYNETTE KHOO Trading starts today after listing through share swap By CHANGJIANG Fertilizer Holdings, which has completed its compliance share placement worth $24.5 million, is confident of stronger sales next year backed by capacity expansion and acquisitions. Its compliance placement of 84.4 million shares
      ■ ARTHUR LEE  -  563 words
    • Article, Illustration
      Lock icon Aztech Q3 net profit climbs 57% to $6.05m
      374 6  -  ONG BOON KIAT By LIFTED by its diversification moves, Aztech Group's net profit jumped 57 per cent to $6.05 million for the third quarter ended Sept 30, 2009, as sales inched up 0.6 per cent to $75.3 million. Q3 gross profit margin
      374 words
    • Article
      Lock icon CCT posts 20.8% rise in Q3 distributable income
      568 6  -  KALPANA RASHIWALA Boost from positive rent reversions and cost savings By CAPITACOMMERCIAL Trust (CCT) has posted a 20.8 per cent year-on-year increase in distributable income for the third quarter to $52.14 million. Net property income rose by 15.5 per cent to $77.1
      568 words
    • Article
      Lock icon Freight rates must rise for sustained recovery: APL
      310 6  -  VINCENT WEE By VOLUME stability must be accompanied by substantial freight rate rises across all trades for the liner shipping sector to achieve sustained recovery. APL president Eng Aik Meng said this yesterday in his keynote address to the third annual Transpacific
      310 words
    • Article
      Lock icon APL and partners cutting transatlantic capacity
      222 6 Bloomberg [HONG KONG] Neptune Orient Lines Ltd's APL Ltd, South-east Asia's largest container line, and partners will reduce capacity on transatlantic routes by about a third amid slowing world trade. APL, Hyundai Merchant Marine Co, Mitsui OSK Lines Ltd and AP Moel-ler-Maersk A/S will
      – Bloomberg  -  222 words
    • Article
      Lock icon Straits Trading sets up new hospitality unit
      374 6  -  UMA SHANKARI By STRAITS Trading Company yesterday announced a new hospitality arm Rendezvous Hospitality Group (RHG) that will combine its hospitality assets and recently acquired hospitality management unit. RHG will have a net asset base of more than $300 million, with 13 hotels
      374 words
    • Article
      Lock icon Ezra unit wins contract worth up to US$1b
      444 9  -  VINCENT WEE EOC strikes the deal with Premier Oil to operate storage, offloading vessel By EZRA Holdings' construction and production unit EOC has clinched a contract potentially worth up to about US$l billion from Premier Oil to operate a floating production storage
      444 words
    • Article
      Lock icon Sunpower bags 18.5m yuan oxidation reactors contract
      283 9  -  OH BOON PING By SUNPOWER Group, a Chi-na-based heat transfer technology specialist, says it has clinched an 18.5 million yuan (Ss3.B million) contract to manufacture and supply two sets of spe-cial-material oxidation reactors. Under the agreement with counterpart Zhejiang Yisheng Ltd, the equipment
      283 words
    • Article
      Lock icon At a glance
      104 9 9-month and Q3 results ended September 2009 i-mon an 9 months ended Sept 2009 3 months ended Sept 2009 1 Keppel Land 173.57 159.13 9.1 623.41 644.78 -3.3 78.51 46.17 70.0 227.77 185.79 22.6 2 CCT 145.56 115.08 26.5 300.08 238.12 26.0 52.14 43.17 20.8 102.65 92.54
      104 words
    • Article
      Lock icon First China A-shares ETF on SGX
      572 9  -  LYNETTE KHOO FTSE/Xinhua China A5O ETF aims to raise initial USs6om By FOR the first time, Singapore investors will have access to the restricted market of the China A-shares through an exchange traded fund (ETF). The United FTSE/Xinhua China A5O ETF, the first China
      572 words
    • COMPANY BRIEFS
      • Article
        Lock icon China Fibretech issues profit warning
        61 9 CHINA Fibretech has warned of "materially lower" revenue and net profit for the third quarter and nine months ended Sept 30, 2009. It attributed this to the decrease in the demand for fabric processing services and an increase in income taxes after the expiry of
        61 words
      • Article
        Lock icon AEM units secure $10.5m loan facilities
        63 9 AEM Holdings said that three wholly owned subsidiaries of the company, Microcircuit Technology (S) Pte Ltd, AEM Singapore Pte Ltd and AEM International (S) Pte Ltd, have reached an agreement for a total of $10.5 million in loan facilities from a local financial institution.
        63 words
      • Article
        Lock icon Luzhou disputes ex-CEO's allegations
        56 9 LUZHOU Bio-Chem Technology said yesterday that it fully disputes the allegations made earlier by its ex-chief executive officer, Michael Cheah, that the company had repudiated his employment contract by curtailing his scope of responsibilities as CEO. The company also said that it is working with its
        56 words
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      Lock icon Page 5 Advertisements Column 1
      320 5 The inspiration behind our advanced, fuel-efficient car plastics. ExxonMobil has developed lightweight car plastics for bumpers and fuel tanks that improve fuel economy by reducing vehicle weight—without sacrificing strength and safety standards for car body parts. This is significant because when weight drops, fuel economy improves. Our engineers have developed
      320 words
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      28 6 __L«^__^^ rnXs^mmmmmmW mW __r_*^_r_t^r_iß __T_i^r_i^r_iß SINGAPORE k^LAYi Always ploy with care. Towards Community WTmmM jngponMbnEf Do not bet illegally. Fur-ox ond Benefit W~~M BCBRegNo *****0202G I m^M POOLS
      28 words
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      461 7 HOME TEEAM NATIONAL SERVICE AWARDS 2009 HONOURING OUR EMPLOYERS The Ministry of Home Affairs acknowledges the employers of our Home Team National Servicemen for their significant contributions and support towards the safety and security of Singapore. CfH |k Aw mmm MM MML MM MM I MM Mm. F JM I
      461 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI falls 0.7% amid broader slide
      579 8  -  CONRAD TAN STOCKS Heavyweights DBS Group, SingTel and CapitaLand were the main stocks dragging the index lower STOCKS here fell for a second day yesterday, amid a broader slide in equities worldwide. The Straits Times Index (STI) ended 18.54 points, or 0.7 per cent,
      : Bloomberg  -  579 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      98 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 8 4 0 0 0 3 8 4 lanufacturing 33 62 77 13 10 41 75 87 Commerce 26 36 30 40 'pt/Stor/Comms 27 28 Onance 13 13 Construction 10 10 11 12 'roperties 11
      98 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 40.250 40.250 53.505 53.505 lanufacturing 296.379 23.602 319.981 156.168 2.182 158.350 lommerce 113.308 32.621 145.929 82.522 7.995 90.517 "pt/Stor/Comms 148.518 96.741 245.259 251.965 28.329 280.294 :i nance 28.923 28.923 207.894 207.894 lonstruction 56.740 5.219 61.959 12.875 106 12.982 'roperties
      116 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      96 8 lapitaLand 4.060 -0.090 lapitaMal 1.770 -0.030 jtyDev 10.200 -0.100 lomfortDelGrc 1.570 -0.010 Iosco Corp 1.190 -0.030 IBS Grp 13.120 -0.220 :&N 3.900 -0.020 ienting SP 1.120 iolden Agri 0.450 IK Land 4.660 -0.020 IMH 29.400 -0.140 ISH 17.200 -0.160 lardine C&C 25.440 -0.760 Ceppel Corp 8.360
      96 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      930 8  -  JAMIE LEE Ezra Holdings Oct 21 close: $2.09 DBS VICKERS SECURITIES, Oct 21 EZRA'S associate secures a second FPSO contract: EOC wins FPSO contract from Premier Oil. Ezra Holdings' 49 per cent-owned associate, EOC Ltd, has secured a charter contract from Premier Oil for a new FPSO in
      Bloomberg  -  930 words
    • Article, Illustration
      Lock icon Sterling jumps on Bank of England minutes
      538 8 Reuters CURRENCIES [LONDON] Sterling was the focus in the foreign exchanges yesterday, its rise to one-month highs against the dollar and euro after Bank of England minutes keeping the greenback steady against a basket of currencies. The dollar gained against the euro and
      ■ Reuters; BLOOMBERG  -  538 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 8 CLOSE IT OB/OS 417.00-395.0C IT CADI -*****.00-148.0i IT 10-day MA -*****.00+41.01 TSE ST Mid Cap 632.49 -2.6: TSE ST Small Cap 542.38 -4.2' TSE ST All Share 663.80 -4.3. TSE ST China Top 279.75 -0.4! TSE ST China 295.50 -0.3' TSE ST Catalist 1377.98 -24.0 TSE ST
      60 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME VDH Energy 96,691,000 Golden Agri 92,500,000 Genting SP 61,065,000 Jason Marine 55,795,000 Ezra 36,912,000 Ying Li 30,096,000 Memstar 29,856,000 Uni Envtech 28,405,000 SingTel 24,687,000 Novena 21,721,000 VALUE($) SingTel 76,973,910 Ezra 76,374,320 DBS Grp 70,616,799 Genting SP 68,528,700 UOB 51,599,210 Yanlord 50,213,320 Golden Agri 41,746,270 OCBC Bk
      56 words
    • Article
      Lock icon RISES
      100 8 CLOSE UP iBXT FTVietnam 10US$ 5784 80.8 1.0 IQB.ES.0910 1748 50.0 2. iBS Bk6% NCPS 10 ***** 40.0 0.. IOB 5.05%NCPS 100 ***** 20.0 0.. IOB 1750 14.0 0.: iBXT S&P Short 10US$ 5640 13.9 0.. >re Land 553 11.0 2: izra 209 10.0 5.' 'anlord 243 10.0 4.
      100 words
    • Article
      Lock icon FALLS
      114 8 CLOSE DOWN *****-189.4 -1.2 DBXT Ni 10US$ lardine C&C 2544 -76.0 -2.9 LP 10US$ ***** -59.9 -0.4 DBXT MSTaiwan 10US$ 1559 -43.2 -1.9 MS India 10US$ 1490 -33.4 -1.6 ISH 1720 -22.3 -0.9 DBS Gri 1312 -22.0 -1.6 IMH 2940 -19.5 -0.5 .IA 1414 -18.0 -1.3 )CC5.1% NCPS 100
      114 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      85 8 Oct 21 CLOSE CHNG FR oa 20 YR SSLOW R2009 S$ HIGH USS 1.3951 -0.30 1.5579 1.3897 Euro 2.0843 -0.13 2.0897 1.9150 Pounds 2.3103 -1.29 2.4366 2.0356 1.2866 0.27 1.2900 0.9453 'en* 1.5348 0.33 1.7278 1.4831 Rupiah* 0.***** -0.49 0.***** 0.***** Baht* 4.1782 -0.38 4.3390 4.1040
      85 words
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      183 9 M The Italian Chamber of Commerce (Singapore) is proud to announce KZ-r The ICCSBusiness Awards 2009 to honor outstanding Italian and Singaporean enterprises. Awards will be given to outstanding companies in the following categories wgmmmr^^^ |jv pi n iter E£s Best Italian Small Medium Enterprise Best Italian Multinational Company |(pj
      183 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Talks on more Sumatra gas deals on track: GSPL
      444 10  -  RONNIE LIM Importer seeks new pact for gas supply beyond that needed by Island Power By SINGAPORE gas importer GSPL's negotiations with Indonesia to buy more natural gas from Sumatra, including that needed to fuel the long-delayed Island Power project, "are
      444 words
    • Article
      Lock icon Big and small car COE premiums rise
      336 10  -  SAMUEL EE By COE premiums for big and small cars rose yesterday as a sharply reduced quota outweighed what some distributors say is a generally quiet market. But the premium for commercial vehicles fell significantly, after soaring previously. Yesterday's tender exercise for certificates
      336 words
    • Article
      Lock icon Apec delegates to get taste of S'pore cuisine, music, arts
      262 10 376 local artists in event to showcase S'pore's softer side WITH just over two weeks to go to Apec Leaders Week the culmination of the Apec meetings that Singapore has hosted all this year preparations have intensified. Beyond the ministerial
      262 words
    • Article
      Lock icon HDB issues $500m worth of 3-year notes
      135 10 THE Housing and Development Board (HDB) has launched a new issuance of notes under its $7 billion medium-term note programme. The issuance comprises $500 million worth of three-year fixed rate notes, with a coupon of 1.55 per cent a year payable semiannually in
      135 words
    • Article, Illustration
      Lock icon Sailing the corporate seas
      1135 10 Viking Airtech has become a leader in the Asian HVACR market by focusing on customers and providing a holistic suite of products, report CHAN JIAWEI ADELINE, NGAI SI MIN and POH MING YAN FAVIAN LIKE the fabled Scandinavian explorers it shares its name with, Viking Airtech
      I FILE PHOTO  -  1,135 words
    • Article
      Lock icon Makino to invest $75m in Singapore R&D centre
      339 11  -  FELDA CHAY Centre will be the first outside Japan for the precision machine tools maker By MAKINO Asia, a fully owned subsidiary of Japan's Makino Milling Machine Company, said yesterday it will invest $75 million over five years in its new international
      339 words
    • Article
      Lock icon Tharman, Peter Ong re-appointed by MAS
      113 11 FINANCE Minister Tharman Shanmugaratnam and the ministry's permanent secretary Peter Ong have been re-appointed to the board of Monetary Authority of Singapore for two more years. Their terms start today and last until Dec 31, 2011, MAS said yesterday. The 10-member board is chaired
      113 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon 47 Mt Faber cable cars get new homes
        97 11 MOUNT Faber Leisure Group said yesterday that it has found new homes for 47 of its old cable cars a move that "will preserve the heritage of one ofthe nation's best-loved tourism icons". The cable car system is now undergoing a $36
        97 words
      • Article
        Lock icon Maybank helps victims of recent disasters
        89 11 MAYBANK Singapore has raised $35,000 from its credit card holders in the past three weeks to help the Red Cross Society aid victims of the Padang earthquake in Indonesia, typhoon Ketsana in Vietnam and the Philippines and the tsunami. To encourage donations, Maybank is
        89 words
      • Article
        Lock icon Fortis chief gets new role in BNP Paribas
        99 11 BNP Paribas said yesterday it has appointed Peter Foo, current chief executive of Fortis Bank in Singapore, as a senior banker in its financial institutions group. He will oversee business development with sovereign wealth funds, supra-nationals and central banks in Asia across
        99 words
    • Article, Illustration
      Lock icon Local IT firm awarded IHQ status by EDB
      375 11  -  AMIT ROY CHOUDHURY S'pore is nerve centre for Emerio GlobeSoft's worldwide operations By EMERIO GlobeSoft, a local privately held IT services company that specialises in global consulting, technology and outsourcing services, was yesterday awarded international headquarters (IHQ) status by the Economic Development
      375 words
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      16 10 V _-__-k~^^_- I h m I /V- Pal' WHWMfWW^r^ 1 *1 IiiMHMiMMM m\^^j^^mmm%mmmM*m^^^^^^^^^^^^^^^^^^^ •Terms Conditions Apply
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      157 10 ENTERPRISE Celebrating Singapore's Enterprising Spirit 2009 This series is part of the Enterprise 50 Educational Project between the E5O partners and the NUS Business School. Viking Airtech was among the E5O winners in 2008. The annual E5O ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank,
      157 words
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      78 11 Being aware of one's HERITAGE also means cultivating traditions that lay the foundation for a prosperous FUTURE. It is with this knowledge that we have proved a reliable SWISS partner in PRIVATE BANKING. Since 1755. m m m '"^*m w? wm ___L m M Hm\ L I I I Jm^--^*mm^MW
      78 words
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  • ECONOMY WATCH
    • Article
      Lock icon Japan companies still reluctant to borrow: BOJ
      547 12 Bloomberg, Reuters This is despite survey showing banks are more willing to lend [TOKYO] Japanese companies remain reluctant to borrow even as banks ease credit standards, a central bank survey showed. An index of demand for loans to businesses stayed at minus 14
      Bloomberg, Reuters  -  547 words
    • Article, Illustration
      Lock icon S Korea expects fall in exports to accelerate
      284 12 Reuters [SEOUL] South Korean exports this month will probably fall between 11 per cent and 13 per cent from a year earlier, the customs agency said, steeper than in September and raising doubts about the pace of the global recovery. Such doubts
      – Reuters  -  284 words
    • Article
      Lock icon Public sector spending strains Japan
      403 12 -NYT [TOKYO] How much debt can an industrialised country carry before the nation's economy and its currency bow, then break? The question looms large in the US, as a surging budget deficit pushes government debt to nearly 98 per cent ofthe gross domestic product. But
      -NYT  -  403 words
    • Article
      Lock icon Fed not withdrawing support yet
      310 12 Reuters It is undecided on sequence of tightening moves [SANTA BARBARA] The time for the US Federal Reserve to start withdrawing its extensive support for the economy is not close at hand and policymakers have time to decide what sequence of steps they will take,
      Reuters  -  310 words
  • Page 12 Advertisements
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      93 12 Congratulations Changjiang Fertilizer Holdings Limited On its Successful Listing on the Main Board of SGX-ST i:aflifr**i lstata__i_. *m mY'£ "op i l»—w«w«i—<wwmw»miwii ir ii mwwißtZTw*^^*™!*^^ Ii CTk/JW '_________HMN|I l_ffl f yHutfi \r%< Slffi <__■~' I I fr-^r\7 A. S T -j. fcftfflillk ■*'""^W" Sft -I ■r'/i Guan9d°n9 Wt-^^kWsk'- mWM%SS&*- W^mw&i&U
      93 words
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  • MALAYSIA
    • Article
      Lock icon Opposition aide's death homicide? 'Most probably'
      588 13  -  S JAYASANKARAN By! in Kuala Lumpur THE Kuala Lumpur coroner's court was dealt a bombshell yesterday when a renowned Thai pathologist testified that there was "an 80 per cent probability" that oppositionist Teoh Beng Hock's death was a homicide. Mr Teoh, an aide to
      588 words
    • Article
      Lock icon Islamic Reits could get boost from KL
      429 13  -  PAULINE NG Tomorrow's Budget likely to offer goodies to Islamic capital markets By in Kuala Lumpur OWING to a pick-up in property sales, analysts do not expect the national Budget to be tabled tomorrow to hold goodies for the sector, except perhaps for
      429 words
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      98 13 BURY THE COMPETITION. limmWmMMWmmM -r.*-- >"——-*.-__ l______£^ ImMMtMMMMW^AMmS ""rr'am -i:"-"T_T A Im II IM I iff lIM I I I i mm Jmmv I m mmmr jl 1 W,\ SIMPLY CLEVER I i __E^_^^_i _-_-_---------_--B^l Sb. rs H 8?_-- _-^r^s ej- Tfl itl A jLAi ■immrc^. I mmj&a. Bk V
      98 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M'sian funds to buy half of Maxis IPO
      513 14 Bloomberg The USs3b IPO, likely to be priced at RMS-5.50 a share, will be on sale on Oct 23 [KUALA LUMPUR] Malaysian funds will buy almost half the nearly US$3 billion of stock Maxis Communications Bhd is selling in the country's biggest
      ■ Bloomberg  -  513 words
    • Article, Illustration
      Lock icon Indonesian economy may grow at fastest pace in a year: official
      594 14 Bloomberg [JAKARTA] Indonesia's economy may expand at the fastest pace in a year this quarter, driven by rising consumer spending, Finance Minister Sri Mulyani Indrawati said. "Fourth-quarter growth this year is expected to be better than fourth-quarter growth last
      ■ Bloomberg; OOj AFP  -  594 words
    • Article
      Lock icon Pudu Jail makes way for road tunnel
      399 14 AP [KUALA LUMPUR] Malaysian authorities have started tearing down parts of historic Pudu Jail in the capital here, famous for its murals done by prisoners, to make way for a five-lane tunnel to ease congestion. Work began earlier this month to demolish one
      AP  -  399 words
  • Page 14 Advertisements
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      1185 14 mmmlSPimm FUXING GROUP FUXING CHINA GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 21 October 2009 issued by Fuxing China Group Limited. NOTICE IS HEREBY GIVEN
      1,185 words
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      Lock icon Page 14 Advertisements Column 2
      46 14 EE3 Jal H H I 11 mmMm W L 5 ___L^^ __L_^B -__r^-_- 1 B IP^-b *****1111l y J/ hi M fjr J 'M JM W r AMMMu MwMwV. VJmWW m\ ll _■___—r- flrr_&_rrPPl_R_T__?rT__l J_C£l3-I' --•iliuHlMii ljfelr ,'/»ur sJkWHtWc. V ILyMWAwM. *fi!r_S_g_!si____l 1 fl HI ill
      46 words
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      21 14 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words
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  • INDIA
    • Article
      Lock icon Indian economy seen growing 6.5%
      517 15 AP, Reuters PMO's outlook for fiscal year slightly more optimistic than central bank's July forecast [MUMBAI] India's economy will grow 6.5 per cent this fiscal year, with strong industrial output making up for declines in agriculture because of poor rains, the Prime Minister's office said
      AP, Reuters  -  517 words
    • Article, Illustration
      Lock icon India, China agree to boost cooperation on climate change
      558 15 Bloomberg Saarc countries may sign regional environment treaty in 2010, says Delhi [NEW DELHI] India signed an agreement with China, the world's biggest polluter, to increase cooperation on tackling climate change after the countries rejected calls from rich nations to set
      Bloomberg; ____ AFP  -  558 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      599 15 Panel Discussion Chair iAi' ML\ Design Leader w^^lii I Keynote Speaker Design Leader Mfe <^p^| Design Leaders ur Aa Paola Antonelli I Chris Bangle I #^3n|l Ged Davis "f^W Feng Zhu Foster ft. I Museum of Modern Art l(k Chris Bangle Associates llvA Global Energy f^f CT FZD School of
      599 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Stimulus-driven China growth risks slowdown
      960 16 Bloomberg Halt to spending by govt could unnerve investors; extending it for long is risky [BEIJING] China's stimu-lus-induced lending binge probably propelled growth in the third quarter to its fastest pace in a year. Now, policymakers have to figure out how to wean the economy
      Bloomberg; REUTERS  -  960 words
    • Article, Illustration
      Lock icon ANZ to boost commodities trading
      622 16 Reuters China's appetite for energy, metals seen reviving [SINGAPORE] Australia and New Zealand Banking Group aims to expand its commodities trading in China, confident that Beijing's push to boost growth will revive the country's appetite for energy and metals and boost prices, the head of
      – Reuters; AFP  -  622 words
    • Article
      Lock icon Beijing tells banks to brace for policy shift
      381 16 Reuters [BEIJING] China yesterday urged banks to be more alert to risks from their breakneck lending and also warned them to brace for a policy shift, the latest signal that it might gradually unwind extremely loose monetary conditions. Chinese banks must be
      ■ Reuters  -  381 words
    • Article
      Lock icon China tycoon sets up huge charity fund
      384 16 -AFP But report says it is a means to avoid tax fraud charges [BEIJING] One of China's richest moguls has come under scrutiny after setting up a massive charity fund, with state media suggesting yesterday he could be trying to win public favour
      -AFP  -  384 words
  • Page 16 Advertisements
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      106 16 m n 2^l xama. p*-s«k"J &25£]W 1 THE HEARTBEAT OF THE INDIAN COMMUNITY Ss' Indians sinking in Galleon lf% hedge fund scandal j_ m^m •:__2&_s. .~<^4__(____SP ■-*$rtm\\W%k%± '.-vl Get to know Sachin S^m the world better tAUL au\\ Start your day with SPH newspapers hot off VJ^M the press, featuring
      106 words
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Kerkorian may cut stake in MGM Mirage
      506 17 -AP His investment firm will not act until after the CityCenter casino opens in Dec [LAS VEGAS] Saying his 37 per cent stake in MGM Mirage should be worth more, billionaire investor Kirk Kerkorian said on Tuesday that he may cut his investment
      -AP  -  506 words
    • Article
      Lock icon Bull market for stocks not yet over: Fidelity fund manager
      380 17 Reuters [SEOUL] Money manager Fidelity's Anthony Bolton said global stocks are still in a bull market and it is not too late to invest now. Mr Bolton, whose contrarian bets made him a top UK fund manager for over two
      – Reuters  -  380 words
  • Page 17 Advertisements
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      1996 17 I HcTT'T j I Land I Keppel Land Limited Co Reg No: 1 *****001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2009 investment properties, and hotels and resorts operations; as well as higher project management fees earned by
      1,996 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Financial state of GM, Chrysler alarmed US task force
      728 18 -AP Panel's former chief says case for govt bailout was weak, blasts GM's board [WASHINGTON] The shockingly poor financial management of General Motors and Chrysler weakened their case for a government bailout, but officials feared letting the automakers collapse would severely
      -AP; I AFP, BLOOMBERG  -  728 words
    • Article
      Lock icon Madoff investors sue KPMG, banks
      523 18 Reuters It is alleged fraud 'not accomplished in isolation' [LOS ANGELES] Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG, JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett
      Reuters  -  523 words
    • Article
      Lock icon Thai central bank keeps rate flat at 1.25%
      439 18 Reuters [BANGKOK] Thailand's central bank kept its benchmark interest rate unchanged at a record low at its fourth straight policy-set-ting meeting yesterday and signalled it would not lift rates soon despite a budding economic recovery. The Thai baht, up about 4 per
      Reuters  -  439 words
    • Article, Illustration
      Lock icon Yahoo Q3 profit triples despite falling sales
      556 18 -NYT [SAN FRANCISCO] Aided by cost-cutting, the sales of some assets and bet-ter-than-expected revenue from display ads, Yahoo's net income more than tripled in the third quarter. The results topped analysts forecasts, and investors sent Yahoo's shares sharply higher in af-ter-hours trading. But
      -NYT  -  556 words
    • Article
      Lock icon Fixing 3.8m accelerators may cost Toyota 40b yen
      300 18 Reuters, AP [TOKYO] Toyota Motor Corp may need to spend about 40 billion yen (Ss6ll million) to fix the accelerator pedals on 3.8 million cars being recalled in the United States, the Tokyo Shimbun newspaper reported yesterday. Toyota announced last month that
      Reuters, AP  -  300 words
    • Article
      Lock icon New Brazil tax on foreign capital dubbed ineffective
      350 18 AFP [SAO PAULO] A decision by Brazil to tax equities and fixed-income investment inflows by foreigners drew a sharp negative reaction on Tuesday from the stock market and analysts. The main Bovespa index on the Sao Paulo exchange plummeted 2.88 per cent
      AFP  -  350 words
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  • WORLD
    • Article
      Lock icon Credit Suisse plans pay overhaul
      758 19 NYT NYT It intends to alter salaries and bonuses mix, tie bonuses to specific measures [NEW YORK] As Wall Street looks forward to a new era of blowout bonuses, the unthinkable is happening, at least at Credit Suisse, the big Swiss bank. It said on
      NYT  -  758 words
    • Article, Illustration
      Lock icon ART, LIFE AND OBJECTS
      88 19 AP [BASEL] 'Yellow Moby Glut (1987)' of the great American artist Robert Rauschenberg, being shown at the Museum Tinguely in Basel. It is featured as part ofthe exhibitions, 'Gluts, the American artist and the poetry of objects' and 'Robert Rauschenberg Jean Tinguely, collaborations', now on at
      AP  -  88 words
    • Article
      Lock icon JPMorgan seeks opportunities in commodities
      405 19 Bloomberg It is entering physical markets to raise value for firm [NEW YORK] JPMorgan Chase, the second-largest US bank, is moving into physical markets to seize "big opportunities" in commodities, following in the footsteps of investment banks such as Morgan Stanley. "Commodities in general have
      Bloomberg  -  405 words
    • Article
      Lock icon Earning more than Goldman in merger fees
      314 19 Bloomberg [NEW YORK] JPMorgan Chase, which navigated the financial crisis without a quarterly loss, is now making more money advising more corporate clients on mergers and acquisitions than Goldman Sachs Group. Led by chief executive officer Jamie Dimon, the bank took in US$l.26
      ■ Bloomberg  -  314 words
    • Article
      Lock icon Goldman payout will help economy: adviser
      477 19 Bloomberg, Reuters Griffiths calls on bankers to boost charitable giving [LONDON] An adviser to Goldman Sachs International defended compensation in the finance industry as his company plans a near-record year for pay, saying that the spending will help boost the economy. "We have to
      – Bloomberg, Reuters  -  477 words
    • Article
      Lock icon US FDA probing nutrition claims on food packages
      448 19 Reuters [WASHINGTON] US regulators are examining the growing number of nutrition claims found on the front of food packages after complaints that they give a misleading picture of their health benefits, officials said in a warning to food companies on Tuesday. The
      – Reuters  -  448 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon A critical moment for Pakistan
      478 20 PAKISTAN is now "in a state of war". That is the sober assessment of none other than the country's own interior minister, Rehman Malik. After a string of high-profile attacks this month by suicide bombers on police facilities, the army headquarters and, most recently, an
      478 words
    • Article, Illustration
      Lock icon A question of integrity for accountants
      1124 20  -  AUBREY JOACHIM As finance professionals, they must act with integrity even when the going gets rough By ACCOUNTANTS describe themselves as finance professionals, and we would feel aggrieved and affronted by any suggestion that in doing our jobs we were anything else. But what
      REUTERS  -  1,124 words
    • Article, Illustration
      Lock icon Profligacy grips the market as greed returns
      687 20  -  NEIL BEHRMANN THE BOTTOM LINE THE global financial crisis seems to have done nothing to chasten some money men. Investors will need to have their wits about them to protect their wallets. They must not only eke out returns and preserve capital in
      687 words
    • Article, Illustration
      Lock icon Afghanistan and the Vietnam analogy
      1187 21  -  LEON HADAR As Obama prepares to make decisions on Afghanistan, he should consider the pitfalls his predecessors faced in Vietnam THE ghosts of the Vietnam War seem to be hanging around the White House Situation Room as US President Barack Obama and his national security
      AFP  -  1,187 words
    • Article, Illustration
      Lock icon Hatoyama's East Asian plan needs to be pushed
      819 21  -  ANTHONY ROWLEY CHINA is set to overtake Japan as the world's second largest economy within the next two years. It is closing the gap rapidly, and such is the difference in incremental growth rates between the two East Asian giants China's GDP
      819 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Passenger, flight numbers at Changi up for another month
      398 22  -  Sept cargo business still under pressure; passenger traffic at HK airport slips By YEN SREENIVASAN IN a sign that the slump in air transport may have bottomed, Changi Airport recorded another monthly improvement in passenger and flight numbers in September. Although
      398 words
    • Article
      Lock icon China tells ships to avoid Somali pirate area
      174 22 Bloomberg [SHANGHAI] China has warned domestic shipping lines to keep away from the area where Somali pirates hijacked a China Cosco Holding Co's bulk carrier in the Indian Ocean two days ago. China is trying to rescue the 25 crew members of
      Bloomberg  -  174 words
    • Article, Illustration
      Lock icon Encouraging signs in demand: Qantas
      324 22 [PERTH, Australia] Qantas Airways Ltd, Australia's largest airline, said there are "encouraging signs" for passenger demand and no indications of a further deterioration in the global economy. "The group will be ready to emerge strongly and seize the opportunities when conditions improve," chairman Leigh Clifford
      AFP  -  324 words
    • Article
      Lock icon BAA selling Gatwick for £1.51 b
      120 22 [LONDON] British airport operator BAA Ltd yesterday said that it is selling London Gatwick airport to Global Infrastructure Partners for £1.51 billion (553.45 billion). BAA has been ordered by Britain's Competition Commission to also dispose of London Stansted airport and either its airport in
      -AP  -  120 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        113 22 '000 CH Offshore Chuan Hup Hldg Cosco Corp CWT Ltd Ezra Hldgs First Ship Lea Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp Mercator Lines MTQ Corp NOL Pacific Shipp Pan-United Cor Rickmers Mar Samudera Ship Sembcorp Indus Sembcorp Marin Spore Ship Star Cruises 0.69 0.32 1.19
        113 words
      • Article
        Lock icon KLSE
        38 22 '000 nt'G Logistic MISC Bhd MISC Foreign Msia Bulk Carr NCB Holdings Nepline Bhd PDZ Holdings 0.92 9.06 8.90 3.14 3.00 unch 0.09 unch unch -0.01 0.01 -0.06 unch 0.01 77 662 524 391 34 0 3109
        38 words
      • Article
        Lock icon BANGKOK
        16 22 '00 Oct 21 Baht Vol Precious Ship 19.50 -0.30 2577 thai Regional Cont 11.20-0.20 872
        16 words
      • Article
        Lock icon HONGKONG
        11 22 '000 joil ungamas Cont 40.80 ...1.48 0.20 0.02 1140 6910
        11 words
      • Article
        Lock icon PHILIPPINES
        22 22 '000 Aboitiz Equity ntl Container Keppel Marine Keppel Prop 7.70 21.50 2.04 unch -0.10 unch 0.04 unch 301 234 30 0
        22 words
      • Article
        Lock icon TAIPEI
        23 22 Evergreen Mari :irst Steamshi /Van Hai Lines rang Ming Mari 17.50 46.20 16.60 12.30 -0.40 0.70 -0.10 -0.20 13 4 2 7
        23 words
      • Article
        Lock icon TOKYO
        42 22 '000 (awasaki Hvy I 223.00 (awasaki Kisen 386.00 vlitsubishi Hvy 329.00 vlitsui Eng&Sbl 237.00 vlitsui Osk Lin 579.00 Nippon Express 350.00 Nippon Yusen 370.00 iource: Thomson Reuters -3.00 7704 15.00 6079 -3.00 ***** -5.00 3548 12.00 8542 2.00 3442 10.00 9011
        42 words
    • Article
      Lock icon Surge in crude oil tanker bookings to Middle East
      478 22 Bloomberg [LONDON] The number of crude oil tankers booked to ship Middle East crude has surged, crimping supply and boosting freight costs, shipbrokers said. Oil companies and traders on Tuesday hired a total of 16 supertankers, each designed to ship two
      – Bloomberg  -  478 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2799 22 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), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
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    • SINGAPORE STOCKS
      • Article
        Lock icon SGX MAINBOARD
        8805 23 Transaction date: Oct 21 Hii Low Code Col Sale COOP) Hii Low Bl Seller C'vr P/E Smil Hii Low Code Com| >an] Sale 17 3 3148 8Telecom 9.5 25 5834 A-Sonic 33 12 5000 ABR Hldgs 155 55 1938 AEI Corp 8 1 1100 AEM 23 7 2101
        8,805 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      362 22 CRYPTIC CROSSWORD Across 1 Number having necessary skill II 2 3 4 |5 and power to be defended H I■■ 6 Priest entered a southeastern part of church (4) M I 9 Miscreant led Quentin in a I I 810 muddle (10) l^alFaOn i^M H 10 Hand is in foot
      362 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX CATALIST
      1681 24 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 20 8.5 3518 t Afor 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,681 words
    • Article
      Lock icon SGX ETF
      395 24 Hii Low Code Comi Sale C000) Hii Low Bm Seller C'vr P/E >mil 110 100 6389 ABFSG Bond ETF 110 807 427 CIMBAsean40 100US$ US793 -7 275 149 DBS STI ETF 100 272 -2 4627 3534 DBXT DJE50 10US$ US4626 DBXTDJE50Sh 10US$ US3164 1682 DBXT FTChina25 10US$ US3164
      395 words
    • Article
      Lock icon CLOB INTERNATIONAL
      263 24 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
      263 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9264 24 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 2.104/ AIGIF S'pore Bond Fund/A 1.354/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.13/ APS Alpha Fund (USD)!** 0.81/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXAWM -Talents
      9,264 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      358 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Oct 20 World Index Preliminan 819.3 -0.4 20.9 -0.2 22.6 -0.4 26.I EAFE Preliminai 777.2 -0.1 19.7 0.2 26.0 0.0 30.1 Euro[ Preliminan 1110.4 -0.6 21.8 -0.2 29.3 -0.5 33.I Pacific 626.0
      358 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 25 As at 9am Oct 21 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2750 1.3140 Can dollar 1.3200 1.3370 Euro 2.0700 2.0950 NZ dollar 1.0370 1.0590 Sterlini 2.2730 2.3001 US dollar 1.3870 1.4040 Local dollars to 100 units of foreign currency:
      131 words
    • Article
      Lock icon INTERBANK RATES
      173 25 Oct 21 Overnight 1-month 2-months 3-months Overnight mode: 1/4 US$ 1/16 7/16 9/16 11/16 Offer par 5/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.30 0.33 0.37 0.40 0.70 1.10 1.25 Offer 0.20 0.23 0.27 0.30 0.50
      173 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 25 Oct 21 ten HL Sett STI Oct 2703 2703 2693 SIMSCI Oct 325.3 326.5 322.8 Taiwan Oct 281.0 281.5 278.1 Source: MF Global (S) He. Ltd
      29 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 25 Oct 21 Bid Offer 1-month 1.3930 1.3950 2-months 1.3932 1.3952 3-months 1.3933 1.3954 6-months 1.3937 1.3959 Source: OCBC
      21 words
    • Article
      Lock icon PALM OIL
      62 25 Oct 21 Delivery Month Opening Sett Av Range Price Price Hii Low Vol Open Done Position Nov 09 2180 2172 2188 2172 202 4169 Dec 09 2166 2168 2176 2155 3466 ***** Jan 10 2165 2168 2175 2168 9415 ***** Feb 10 2165 2171 2175 2156 3590 5934
      62 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      293 25 Oct 21 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec09 Mar10 Jun10 Sep10 99.6450 99.4300 99.1050 98.7350 8409 4284 3262 3762 EUROYEN TIBOR FUTURES Dec09 99.495 99.495 Mar10 99.510 99.510 Jun10 Sep10 DedO Mar11 Jun11 Sep11 99.495 99.510 99.495 99.510 99.525 99.510 99.450 99.365 99.305 99.305
      293 words
    • Article
      Lock icon SICOM FUTURES
      183 25 Oct 21 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Nov 09 243.5 Dec 09 243.0 Jan 10 242.0 Feb 10 242.0 Mario Apr 10 242.0 243.5 242.0 242.0 242.0 242.0 242.5 242.0 242.0 242.0 242.0 242.0 18 30
      183 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 25 Oct 21 Period Issue code Maturity Yesterday's Bid Day's [h Low Hi' 3-Month BQ*****T 21.01.2010 1-Year BY*****W 03.05.2010 0.41 0.44 0.35 0.32 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
      87 words
    • Article
      Lock icon CHICAGO BOT
      100 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 09 982.50 996.25 1004.75 979.75 Jan 10 985.25 1000.50 1008.75 983.50 Mar10 986.25 1003.00 1009.50 985.75 May 10 981.00 998.00 1005.00 980.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 09 37.47 37.59 37.94 37.11 Jan 10
      100 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      74 25 CRUDE OIL PRODUCTS Oct 20 USS/barrel Close Cham Brent blend (1-Mth F) 76.91 0.11 WTI (Near Mth) 78.51 -0.85 Dubai (1-Mth F) 76.66 0.92 Tapis blend 81.85 0.50 Minas 79.10 0.50 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 71.45 83.40 0.68 0.15 USS/barrel Opec Oil Basket Price 75.82
      74 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 25 Oct 21 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.973 6.331 0.620 7.187 42.999 87.537 0.841 10.933 3.132 1.226 77.226 43.495 1.292 6.841 0.937 30.049 30.976 0.562 0.927 Canada 1.028 6.509 0.638 7.388
      465 words
    • Article
      Lock icon SIBOR
      77 25 Oct 21 1 mth 0.***** 0.***** 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$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs
      77 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 25 Oct 21 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2912 1.2936 0.9271 0.9275 Canadian dollar 1.3274 1.3299 0.9531 0.9536 Euro 2.0821 2.0858 1.4950 1.4955 NZ dollar 1.0536 1.0555 0.7565 0.7568 Sterlini 2.2970 2.3007 1.6493 1.6491 US dollar 1.3927 1.3947 S$/US$
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      Lock icon PRECIOUS METALS
      139 25 Oct 21 GOLD (USS/oz) Oct 21 Oct 20 Hong Kong 1056.60 1061.60 London Oct 20 Oct 19 1058.40 1052.70 1059.40 1053.90 Source: Thomson Reuters CAST BAR (Sj) Oct 21 Buying Sellim Kilobar "50,480.46" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz
      139 words
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      Lock icon LONDON METALS
      68 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1878.25 1909.50 3 months 1914.00 1945.00 Copper, Grade A (US$/tonne) Cash 3 months 6396.00 6416.00 6453.00 6470.00 Lead (US$/tonne) Cash 2273.25 3 months 2299.00 2262.25 2288.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months *****.00
      68 words
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      Lock icon LIFFE
      77 25 Oct 20 COCOA (E/tonne) Close Prev Hii ih/Low Dec 09 2143 2126 2149/2125 Mar 10 2171 2153 2177/2153 May 10 2195 2176 2196/2176 Jul 10 2129 2118 2137/2118 COFFEE (US$/tonne) Close Pev High/Low Nov 09 1446 1461 1469/1435 Jan 10 1482 1496 1502/1471 Mar 10 1514 1528 1531/1505 SUGAR
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2229 25 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or- ('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 6 5.67 55 2036AdvanceSCTLtdW*****9 0.5 1 87 1491 11.00 10 Allgreen Properties.ES.0910 117 8756#AsiaticGrp(H)W*****2 8.5 unch 60 1
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  • PROPERTY
    • Article
      Lock icon CIMB Thai to sell office block
      234 28 Bernama [KUALA LUMPUR] CIMB Thai Bank pic, a 94 per cent subsidiary of the CIMB Group Holdings Bhd, is selling its office block in Sathorn, Bangkok for one billion baht (5541.7 million), as part of its rationalisation plan to increase efficiency and reduce costs.
      – Bernama  -  234 words
    • Article, Illustration
      Lock icon Pacific Star breaks into Vietnamese market
      368 28  -  EMILYN YAP It'll be asset management adviser to a mall in Ho Chi Minh City PACIFIC Star Group has signed its first contract in Vietnam to become asset management adviser to a mall in a US$5OO million mixed-use project. The Singapore-based real estate player
      368 words
    • Article, Illustration
      Lock icon HKmay scrap mortgage insurance scheme
      528 29 Bloomberg HK Monetary Authority seeks to prevent a real estate bubble [HONG KONG] The Hong Kong Monetary Authority may scrap a programme that offers mortgage insurance for investment properties as the city's central bank tries to prevent a real estate bubble. Home-loan insurance for investment
      – Bloomberg; . AFP  -  528 words
    • Article
      Lock icon HK mum on luxury mortgage tightening report
      242 29 Reuters [HONG KONG] The Hong Kong Monetary Authority (HKMA) declined comment yesterday on a report that it was considering raising the downpayment required to buy luxury property amid fears of a property bubble, but said HKMA chief Norman Chan had discussed the property
      – Reuters  -  242 words
    • Article
      Lock icon An easy market to enter
      830 30  -  SAMANTHA BRADLEY philip munro The UK property sector has attractions for overseas investors from the tax and legal perspectives By and BEFORE last year's global economic crisis, there was a commonly held perception that both the UK housing and commercial property markets were starting to
      830 words
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      1187 28 GCB LAND FOR SALE Good Class Bungalow (GCB) Land at Olive Road Freehold Land Area -16,072 sq ft (approx. 1,495 sq m) Near prestigious schools such as CHIJ (Toa Payoh), SCGS, St Joseph's Institution, ACS Barker, Man/mount Convent etc. Elevated land with a good view Wide frontage Build your ideal
      1,187 words
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      205 29 W^¥^_l^3^_^^__^^_fl^_^H_[^_^^__^^_[_^_Gfff-^?___^-^^_^f^_____! __«fe***s_*!s'- 1 I Mm^t^\ '-stu__- k%. -*l^&* a WWtt Mm*.* _^3_r> lup; _^>^ m_FHIKI-l -Kv -«> -mM\ WWm.' »,Ai<\<r: BHlr^- m wP^mMWiWW^MV IV. LU m*JL. i b^ ...^-_.-f >-_.. ■fJLJ Disclaimer: 2008 The Hideaways Club. The content of this promotion has not been approved by an authorised person within
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      403 29 AMARN WCKHAM amazing ,:MMm\ mLLjmmt I l^B _-«--_--fc _^_^_H_^H Hkk ___B_B fl^mW^^^^wjmi HHr^^m HJP^r^^^_V| Hpiar^^W^HQ 'MHlHHl9!***' ___t f r jjg Safest AmarinWickham... I ExhlbitJOn the most prestigious collection Tj me Ham to 7pm AMARIN WICKHAM IS CERTIFIED of 21 freehold eco-fnendly homes in p 24 25 October 2009 bca green
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      233 30 -»"""-U—' _T hUt rmmmmmMW^ Wft MW mW^ __i 1 r*L\ I^^j^^ *mm*f mM \m* "v. \j&S^kf ■'■-mMm i_ --::^f ___r t WM? fl____S_K___ KtW. 1 ll_______ll_l __.Ei.___H D w. _k_3_£_ "V'l H^l mLmmmammimmmm, \\Wm\ mWAM B9 B^BHWiii 1 iv* ._______k3 ___E._fl K-'<____i V(____B __K __n____H WwkmW mmmmm*^ ___PH _3k__-_-E JWE__PWPBB^w---B-i
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      234 30 53 GENTING LANE A 4-storey semi-detached factory building Freehold Zoned Business 1 For more information, please contact: Chow Kok Seng 9685 7557 Sharon Chan 9112 2063 i 3 Commercial Residential Zone -S 'Plot Ratio 3.0 MPLffl mm -SiteArea:Bs6.7sqm j|ME Mjt|» .-nti e:Fr e eh oid M^is-iiPiIiTCTM I Approx. 7 mlns
      234 words
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  • Biz IT
    • Article, Illustration
      Lock icon Pacnet to invest US$25-30m here
      620 31 CEO Bill Barney tells ONG BOON KIAT that the company, which is eyeing an IPO, could consider Singapore as a listing destination TELECOM services provider Pacnet plans to invest between US$25 million and US$3O million here as part of its biggest-ever network capacity upgrade, chief
      FILE PHOTO  -  620 words
    • Article
      Lock icon Sun cutting up to 3,000 jobs as it awaits Oracle deal
      307 31 -AP [SAN FRANCISCO] Sun Microsystems Inc plans to eliminate up to 3,000 jobs, or 10 per cent of its worldwide work force, as it awaits a takeover by Oracle Corp, a deal being held up by antitrust regulators in
      -AP  -  307 words
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      Lock icon WINDOWS OPENING SALE
      38 31 ARTHUR LEE A store promoter carting out stacks of Windows 7 before the midnight sale last night at the Challenger superstore in Funan DigitaLife Mall. Microsoft's long-awaited new computer operating system is available from today.
      ARTHUR LEE  -  38 words
    • Article
      Lock icon HCL teams up to offer banking product
      521 31  -  AMIT ROY CHOUDHURY CRM application built on Microsoft Dynamics platform INDIAN IT services provider HCL Technologies and Microsoft have teamed up to provide a retail banking solution for the Asia-Pacific region. HCL's Virendra Aggarwal told BizlT that regional banks using HCL's FinEdge product
      521 words
    • Article
      Lock icon GN Netcom dials into Asian expansion
      526 31  -  WINSTON CHAI By WIRELESS headsets have become a common accessory for most local drivers. But if the new chief of GN Netcom has his way, they could soon become standard issue for every office worker. To bring this vision closer to reality, the Danish
      526 words
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