The Business Times, 24 December 2007

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Total Pages: 28
1 28 The Business Times
  • 26 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Monday, December 24,2007
    26 words
  • 679 1  -  OUR CORRESPONDENT FIFTEEN months after being ousted by the military in a coup d'etat, the party backed by former prime minister Thaksin Shinawatra, has taken a lead in Thailand's much awaited general elections. The People's Power Party (PPP), which is closely associated with Dr
    AFP  -  679 words
  • 743 1  -  UMA SHANKARI Six companies, some better known in other businesses, make maiden real estate buys [SINGAPORE] The property boom over the past two years has drawn many new players who are looking to reap the high returns that property development has to
    743 words
  • MARKETS DIGEST
    • 53 1 Weekly 3,398.10 lange -68.28 iT Index KLCOMP 1,403.56 +0.15 NIKKEI 225 15,257.00 -257.51 HANG SENG 27,626.92 +63.28 ;et INDEX 813.60 -22.80 JAKARTA COMP 2,657.98 -82.08 MANILA COMP 3,532.98 -5.71 ;eoulcomp 1,878.32 -16.73 ;henzhenb 685.10 -2.29 MUMBAI IND 19,162.57 -868.26 DOW 13,450.65 +110.80 NASDAQ 2,691.99 +56.25 ;&P 500 1,484.46 +16.51
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    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.50 INDONESIA 15.483 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.75 CANADA 6.25 SWITZERLAND 4.08 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • 35 1 per (US$/S$ per 1.986 2.893 ;uro(uss/s$/e) 1.439 2.096 'EN 113.20 77.70 3.352 2.300 IK$ 7.802 5.355 !AHT 33.70 23.13 lUPIAH 9,433 6,474 1ENMINBI 7.362 5.053 INDIAN RUPEE 39.31 26.98 1.154 0.792 IZ$ 1.309 0.898
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 58 1 DINING OUT liitf» COPYRIGHT OIL POSER ii^'V^ Fine dining at JpT*^ Antigua wins Big powers in growing I I Who's backing the St Regis jfc>- right to piracy competition for oil \J the bid page 7 PAGE 8 A PAGE 10 PAGE 18 JH«liffWIHiyWHeiH3ia BizlT Xl.-A M 11 X'mas wish-list
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    • 11 1 BUYING SPREE List of boutique property players in 2007 PAGE 2
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  • TOP STORIES
    • 455 2 Boutique property players in 2007 Duchess Development* GLS site at Simon Road (80% stake) Oct 232.02 Hiap Hoe/Superbowl GoodluckView Jun 73.30 TheAspine Oct 138.00 Total 211.30 KSH Holdings* Lincoln Lodge (25% stake) Jun 60.75 Norfolk Court, Mergui Lodge, Northern Nov 120.00 Mansions, Mergui Courts The Mergui Total 180.75
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    • 787 2  -  ANDREW MARKS WALL STREET INSIGHT But sustained gains will hinge on festive retail sales; traders keep eye on oil price IF SANTA does end up stopping by Wall Street and giving the US stock market the gift of the traditional end of year
      787 words
    • THREE-MINUTE DIGEST
      • 70 2 THE strata office market remains hot, with a freehold office unit on the first storey at United House, behind Le Meridien Singapore on Orchard Road, fetching $2,497 per square foot of strata area at an auction last Wednesday. The last transacted price in
        70 words
      • 65 2 SWITZERLAND'S banking regulator will investigate how ÜBS ran up losses in the credit crisis requiring billions of dollars of writedowns, a spokesman for the body was quoted as saying yesterday. He said the regulator was putting pressure on the world's biggest wealth
        65 words
      • 107 2 DBS Group has opted not to subscribe to its rights in the offering of the shares of embattled TMB Bank pic and it is expected that the city state's largest bank will likely divest all its shares in the Thai operations
        107 words
      • 66 2 DIRECTORS and substantial shareholders stepped up their trading in the stock market last week, posting 193 deals. Despite a shorter working week, the number of transactions recorded by directors and substantial shareholders shot up sharply from the previous week when 120 exchanges were made. Fund
        66 words
      • 78 2 JAPAN'S master plan for strengthening the competitiveness of the nation's financial and capital markets will kick into action early in the new year when enabling Bills are submitted to parliament. Unveiled last Friday, the plan could see Tokyo emerge a much
        78 words
      • 54 2 THE award of the RM12.5 billion electrified double rail track project is expected to create over 100,000 jobs, benefit hundreds of contractors, and heighten demand for materials, but Malaysia's largest infrastructure project to-date has elicited a surprisingly muted response in the
        54 words
      • 68 2 CHINA'S shopping malls in late December leave little doubt that the country has been smitten by Christmas, if not in quite the way devout Christians might hope. Christmas has secured a spot on the Chinese calendar as a cherished excuse to buy, buy, buy.
        68 words
      • 81 2 FIRST came political misgivings and then street protests by small-store owners across India, fretful that they will be put out of business by the deep pockets and discounting power of retail chains. But that perhaps did not worry Indian tycoons as much
        81 words
    • 491 3  -  KALPANA RASHIWALA Previous deal in same building on higher floor done at $1,601 psf in April [SINGAPORE] The strata office market is still running hot. A first-storey freehold office unit at United House, behind Le Meridien Singapore Hotel in Orchard Road, went for
      491 words
    • 551 3 Reuters [GENEVA] Switzerland's banking regulator will investigate how ÜBS ran up losses in the credit crisis requiring billions of dollars of writedowns, a spokesman for the body was quoted as saying here yesterday. Federal Banking Commission spokesman Alain Bichsel told Swiss weekly Sonntag.CH
      – Reuters  -  551 words
  • Page 2 Advertisements
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      29 words
    • 48 2 Deoßle Our r®sum® IAIKPIr includes Fortune VwOl Iv 500 companies. www.thepeopleatwork.com Asia-Pacific Executive Search Term: CASH Price: Highest offer secures Quantity: 7000 pieces Year of manufacture: 2005 Packing: Original carton packed Interested parties, please contact Dr. Ho ofNKHO Singapore Pte Ltd. Tel: 6841 ***** Fax: 6841 0523 I
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  • Page 3 Advertisements
    • 10 3 ST t> fyt ik vi^kt staffwww.ST7oi.CoM jobs cars property shops
      10 words
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  • SINGAPORE MARKETS
    • 718 4  -  R SIVANITHY STOCKS A COUPLE of weeks ago, we recommended that investors sell into strength, while being wary of buying the dips. Last week's column suggested the strong likelihood that the market would very soon start to "buy in anticipation" of window-dressing that typically
      718 words
    • 368 4 -AFP COMMODITIES [LONDON] Platinum soared to a record high above US$l,5OO an ounce last week owing to tight supplies of the white metal used to make jewellery and catalytic converters for vehicles. Its price has jumped by about 35 per
      -AFP  -  368 words
    • 450 4 Payment (cts) Ex Books date close Pay date Dekor bt 1.900 10-Dec 12-Dec 28-Dec isia Pac Brew ao 18.000 05-Feb 11-Feb 22 Feb isiatravel.Com ao 0.850 31-Jan 04-Feb 18-Feb lUstraland PG A af 5.000 27-Dec 31-Dec 08-Feb iab&Brwn St Fin Fd ai 6.000 31-Dec 03-Jan 14-Mar lerebos Pac
      450 words
    • 461 4 ■AFP CURRENCIES [HONG KONG] Asian currencies ended last week lower against the dollar, as dealers said rising inflationary pressure in the United States may prevent further rate cuts in January. Japanese yen: The yen lost ground against the dollar last week
      ■AFP  -  461 words
    • 1968 4 Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name \llco Commercial REIT 1.60 1.60 5 5.49 15.48 1.56 0.85 .II' ireen Pro Ltd 2.90 3.10 10 9.21 16.19 1.79 1.49 ,mara Hldgs Ltd 1.33 1.33
      1,968 words
    • 4 4 WEEKLY
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    • 3 4
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    • 45 4 CLOSE -1075.00 +36.00 BT OB/OS BT CADI -*****.00 +75.00 BT 10-day MA -*****.00-108.00 All-SG Equities 939.92 +9.57 SG Equities Elect 100.74 -0.38 SG Equities Fin 2377.13 +39.50 SG Equities Prop 1289.60 +11.94 SiMSCI 413.78 +6.17 SiMSCI Future 413.90 +6.50 PrimePartnersCI 234.53 +8.10
      45 words
    • 55 4 VOLUME Digiland 532,058,000 Memstar 155,733,000 JES 133,951,000 SingTelSGAeCW*****7 132,735,000 UOB MBL eCW*****4 124,549,000 CapitaLand 109,565,000 DBSMBLeCW*****2 107,750,000 SingTel 102,151,000 Thai Beverage 80,972,000 China Hongxing 78,574,000 VALUE(S) CapitaLand 676,675,985 DBS Grp 670,144,867 SingTel 387,699,572 UOB 380,135,011 Keppel Corp 363,692,995 SGX 348,007,000 OCBC Bk 290,236,135 Cosco Corp 265,500,476 HK
      55 words
    • 119 4 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE UP 3625 45.0 1.3 STI ETF 100 JMH 2550 43.7 1.2 HLAsia 378 20.0 5.6 Jardine C&C 2090 20.0 1.0 OCBC Bk 4.5% NCPS 100 ***** 20.0 0.2 Ian' inTree 206 19.0 10.2 'arkwa
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    • 101 4 CLOSE DOWN 7880-160.2 -1.4 GLD 10US$ Omei |aNav 2480-120.0 -4.6 STI ETF IOPV 3484.6 -62.8 -1.8 CoscoCori iBSeCW***** 80.5 -61.5 -43.3 SIA 200 1730 -60.0 -3.4 SPC 730 -60.0 -7.6 Great Eastern 1620 -50.0 -3.0 S I A 1730 -50.0 -2.8 Caj .and 615 -45.0 -6.I B Sembawani 1050
      101 words
    • 85 4 Dec 21 CHNG CLOSE FRDec19 YR 2007 SS LOW SS HIGH USS 1.4574 0.25 1.5479 1.4363 Euro 2.0943 0.33 2.1639 1.9913 Pounds 2.8900 1.80 3.1194 2.9158 AS 1.2628 -0.30 1.3555 1.1741 Yen* 1.2871 0.32 1.3821 1.2285 Rupiah* 0.***** 0.20 0.***** 0.***** Baht* 4.3259 0.36 4.5700 4.1730
      85 words
    • 1240 6  -  ROBERT HALILI INSIDE MARKETS By DIRECTORS and substantial shareholders stepped up their trading in the stock market last week, posting 193 deals. Despite a shorter working week, the number of transactions recorded by directors and substantial shareholders shot up sharply from the previous week when
      cosco  -  1,240 words

  • COMPANY NEWS
    • 359 5  -  VINCENT WEE SINGAPORE Technologies Engineering's marine arm, ST Marine, last week launched the third of four fisheries survey vessels (FSVs) for the US National Oceanic and Atmospheric Administration (NOAA) at its US shipyard VT Halter Marine. The 208-foot Pisces is the
      359 words
    • 807 5  -  OUR CORRESPONDENT It is expected to divest all its shares in the Thai operation in the near future SINGAPORE'S DBS Group has opted not to subscribe to its rights in the offering of the shares of embattled TMB Bank pic and
      807 words
    • 255 5  -  UMA SHANKARI SINGAPORE Technology Engineering's aerospace arm will build a US$7B million engine maintenance, repair and overhaul (MRO) facility in Xiamen, China. In a statement issued yesterday, ST Engineering said ST Aerospace will own an 80 per cent stake in
      255 words
  • Page 5 Advertisements
    • 1081 5 T OASIS SYSTEMS HOLDINGS In the Matter of the Companies Act, '"™^"f. R°L,™«, P7ELTD Cap SO ASSOCIATED TOURS (SINGAPORE) Co Reg No: *****6398 M (Section 290(2)(b)) PRIVATE UMIJED (IN MEMBERS'VOLUNTARY And (Co. Reg, No. *****0345 D) WINDING LJPI In the Matter of NOTICE OF RESOLUTION k,«t,« ™T, Y.L.K,,- T F'NANCIALHOLDINGS
      1,081 words
    • 88 5 jobs cars property shops ST O WWW.ST7OI.COM ZAP&BID FROM ONLY $10! LONGINES d ji h HiN a P J)g a c Reference: J U L U L 4.209.4.11.6 La Grande Classique de Longines Recommended Retail Price: $1,420 anci.7%Gsn I Ladies Classic Watch. Water Resistant up to 30m. Fitted with L
      88 words
    • 147 5 LUXURY TOURS TRAVEL PTE LTD v^tfflßßMh^v The Leading Operator \ww«mUeV/ Established since 1985 100 Orchard Rd, #02-46 Meridien Shopping Centre Exclusive Coach Singapore *****0 Email: luxturesingnet.com.sg Subsidiary; luxury coach servige Website" www kjxurv com so Member of NATAS 3 40 coaches available for charter Singapore Malaysia iji ——J HnfT j,
      147 words

  • Page 6 Advertisements
    • 114 6 T lI7P T IFF BrTTFR I lit VEi lilff d£i 1 1 EiliS Singapore's only €%A hmmmMWjgmM^aissm ese luxury watch %fl b3 WISHPQ \A A w\A Mom M ALL OUR LISTENERS li.X*^l I =~l /^LiniCTIIAAC I Andrea^ I 1.HR151l IVIHO FonseMa m ™ei l^^a^: AF U N Stojosasing' W I
      114 words

  • SINGAPORE NEWS
    • 424 7 Reuters $1,100 a night Lady Astor suite comes with 24-hour butler, ride to airport TAXI fares have gone up this week and the ordinary public and even bankers are complaining that it is now a bit pricey to get a cab in
      – Reuters  -  424 words
    • 158 7 SAKAE Sushi is serving up a little something extra these days. In support of Singapore's bid to host the Youth Olympic Games (YOG) in 2010, it is displaying cards on its conveyor belts and including the message "Sakae Sushi supports Singapore's bid for Youth Olympic
      158 words
  • Page 7 Advertisements
    • 61 7 I f^£^ J[\| \^J J_ J. V—/ JC 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUY IT-SELL IT- HND IT Rffl^^^2 l'(v^^^l I B^^B^^^^^^^^^^BB I I H|hHHV I *I"H*l*[* I^Bt^^t^j 11* i *J-" J^^B l™^t^J^B^ I L'^B 1^ HL* Bi fcit'lßl'T*^ BL^JBB^ I L'^K^J I ML* *^^JL* Jl -*j If*
      61 words

  • DINING OUT
    • 1609 8  -  Jaime Ec ing: Geoffrey Eu NEW RESTAURANTS Picotin 100 Turf Club Road. Tel: 6877-1191 THE word "picotin" may be French for "peck" a measure of grain used for feeding horses but you can expect much more than stable cuisine at the Saint Pierre group's latest
      ARTHUR LEE  -  1,609 words
  • Page 8 Advertisements
    • 2029 8 \ntegra2ooo Ltd (Reg No. *****6459N) (incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of INTEGRA2OOO LTD (the "Company") will be held at Raffles Town Club, Dunearn I Function Room, 1 Plymouth Avenue, Singapore *****3 on Friday, 18 January
      2,029 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1048 9 SERENE CHEONG highlights some possible investment strategies, according to an individual's risk-return expectations AFTER years of high returns, global financial markets were hit by uncertainty in the wake of the US sub-prime mortgage meltdown in mid-July. Investors panicked, dumping their stock holdings
      1,048 words
    • 845 9 CAMPUS LIFE [n events management, the devil is really in the details as a group of students found out, writes JAMIE LEE GUESTS sat comfortably in a ballroom, listening to Minister for Finance and Education Tharman Shanmugaratnam give his opening speech. But tucked away in
      ARTHUR LEE  -  845 words
    • 204 9 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 9 Advertisements
    • 46 9 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • ECONOMY WATCH
    • 705 10  -  ANTHONY ROWLEY Master plan could see Tokyo become a much stronger int'l financial centre JAPAN'S master plan for strengthening the competitiveness of the nation's financial and capital markets will kick into action early in the new year when enabling Bills are
      705 words
    • 249 10 Reuters [FRANKFURT] The International Monetary Fund (IMF) will cut its estimates for economic growth next year in the United States and Europe again because of the credit crisis, its chief economist told Boersen-Zeitung newspaper. "We will not be able to stick
      – Reuters  -  249 words
    • 255 10 Bloomberg [NEW YORK] Investor optimism about the outlook for US financial markets rose this month after the Federal Reserve's interest rate cut assuaged concern that the economy is headed into a recession, according to a ÜBS AG poll. The ÜBS/Gallup Index of Investor
      Bloomberg  -  255 words
    • 568 10 -AFP Monitoring system will look for surge in textile imports [BRUSSELS] The European Union is bracing for the expiry of import quotas on Chinese textiles at the end of the year amid fears of a new wave of T-shirts and trousers bearing
      -AFP; AFP  -  568 words
    • 600 10 -NYT [PARIS] In an unusual ruling at the World Trade Organization (WTO), the Caribbean nation of Antigua last Friday won the right to violate copyright protections on goods like films and music from the United States, an award worth
      -NYT  -  600 words
    • 597 10 Xl_Aj *j iLU V \_;X XX *jj -AT 3 [PARIS] President Nicolas Sarkozy has sprinkled the parched French economy with dozens of little enticements since his election in May, all paving the way for an assault on the crux of
      Xl_Aj *j iLU V \_;X XX *jj -AT3  -  597 words

  • MALAYSIA/INDONESIA
    • 610 11  -  PAULINE NG Observers say US sub-prime mortgage crisis casts shadow over market THE award of a RM12.5 billion (555.4 billion) project to build an electrified double rail track from Perak to the Thai border is expected to create more than 100,000
      610 words
    • 638 11 AFP [JAKARTA] When Kuntoro Mangkusubroto dashed in to lead reconstruction of Indonesia's Aceh province in the wake of the 2004 Indian Ocean tsunami, it was with little immediate help from his own government. Despite leading an organisation set up by presidential decree in May
      AFP; REUTERS  -  638 words
    • 554 11  -  S JAYASANKARAN MALAYSIA INSIGHT Will bourse rules relaxation apply to local companies? And what about the 30% rule? LAST week, the Securities Commission (SC), the regulator of Malaysia's markets, said that it plans to relax the stock exchange's rules in guidelines to be
      554 words
    • 240 11 -Reuters [JAKARTA] Indonesia has kept palm oil export tax rates unchanged at 9 per cent and 10 per cent for January depending on the product, while raising the base export prices for some palm oil by-products in line with global prices, a Trade Ministry official
      -Reuters  -  240 words
    • 2769 11 Transaction date: Dec 21 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol '000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific !ank Of E Asia Jeida Jade Bird Jeijing
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  • GREATER CHINA
    • 828 12 Reuters Retail sales rise 18.8% in Novas a cash-rich generation is eager to spend [BEIJING] China's shopping malls in late December leave little doubt that the country has been smitten by Christmas, if not in quite the way devout Christians might hope. Christmas has
      – Reuters; REUTERS  -  828 words
    • 295 12 -AFP The legislation will tighten govt control over business [BEIJING] Chinese lawmakers are mulling a law to prevent state-owned assets from being sold too cheaply, state press reported yesterday, legislation that is likely to tighten Beijing's control over business. The draft law
      -AFP  -  295 words
    • 151 12 Reuters BEIJING] China will subsidise its huge rural population in ourchases of electric appliances, aiming to boost domestic consumption and reduce ballooning trade surplus, the government said. From December through May next year, ?armers will receive 13 per cent rebates in prices for coljur
      – Reuters  -  151 words
    • 474 12 -NYT [SHANGHAI] After months of legal skirmishes and name-calling over who controls Wahaha, one of China's biggest beverage makers, Groupe Danone of France and the Wahaha Group of China have agreed to return to "peace talks". In a joint announcement late last
      -NYT  -  474 words
    • 145 12 Reuters [BEIJING] China may raise the individual income tax threshold to 2,000 yuan (*****) a month, Chinese media said yesterday, as Beijing tries to ease the burden for those on low incomes and boost domestic consumption. Lawmakers will discuss this week a proposal
      – Reuters  -  145 words
    • 293 12 Bloomberg [BEIJING] China will support international investment by companies next year as part of its effort to expand channels for such outbound ventures, said Wei Benhua, deputy director of the State Administration of Foreign Exchange. China will also relax controls on individual
      Bloomberg  -  293 words
    • 190 12 -AFP [BEIJING] China's first domestically developed high-speed bullet train, capable of reaching 300 kmh, rolled off the production line on Saturday, state media reported. "China has joined an elite world club after Japan, France and Ger- many, to become the fourth country capable of turning
      -AFP; AP  -  190 words

  • Page 13 Advertisements
    • 101 13 We train so many wtr Goodness, no. W people that we W Never again P^— If* have to create would I run for O^ w restaurants for £k,V president of the *^3£rff them. United States. ■Mr V i J^l P 1 m °lear about the j$ IQBH uselessness of nostalgia.
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  • INDIA
    • 780 14 Bloomberg, AFP BJP, led by chief minister Modi, wins 117 seats out of 182 in the western state [NEW DELHI] India's ruling Congress party lost elections in Gujarat, its fourth regional defeat this year, decreasing its influence in Parliament to push ahead plans opposed
      ■ Bloomberg,; AFP; AP  -  780 words
    • 411 14  -  SIDDHARTH SRIVASTAVA INDIA'S young, who form the majority of its population, are spearheading the country's real estate boom. This was underlined in a recent study by industry body Associated Chambers of Commerce and Industry of India (Assocham), which says that the average age profile of
      411 words
    • 397 14 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 American Express Bank 5.75 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America
      397 words
    • 677 14 ■AFP Some mall rents have risen by 50% in the past year [BANGALORE] First came political misgivings and then street protests by small-store owners across India, fretful that they will be put out of business by the deep pockets and discounting power of retail
      ■AFP; AFP  -  677 words
    • 305 14 Bloomberg [NEW DELHI] Oil Natural Gas Corp, India's biggest explorer, will boost spending to increase output at its biggest field and pay a mid-year dividend of 18 rupees a share. The company will spend an additional 25.5 billion rupees (*****.4 million) on increasing production
      – Bloomberg  -  305 words
    • 124 14 Reu- ters [MUMBAI] Sony Online Entertainment yesterday denied an Indian media report that said Zapak Digital Entertainment Ltd, part of the Anil Ambani-led ADAG group, was buying Sony Online and said the company was not up for sale. The Economic Times, citing anonymous sources
      ■ Reu-; ters  -  124 words
    • 308 14 Bloomberg It may issue another tender later as it expects prices to fall [NEW DELHI] India, the world's third-biggest wheat buyer last year, may scrap a tender to buy 350,000 metric tons because it judged prices offered by Glencore International AG, Cargill Inc
      Bloomberg  -  308 words

  • ASIA-PACIFIC/WORLD
    • 472 15 Reuters It is likely to talk with counterparts in S Korea, Taiwan: Asahi newspaper [TOKYO] Japan's Fair Trade Commission, worried about a BHP Billiton takeover of Rio Tinto, has begun talks with counterparts in Europe and Australia about a possible investigation, the Asahi
      – Reuters; REUTERS  -  472 words
    • 434 15 Reuters Rising production costs remains a concern, he adds [GENEVA] Energy prices will remain high next year, driven by demand from developing countries, Royal Dutch Shell chief financial officer Peter Voser was quoted as saying on Saturday. He also said that energy companies face
      – Reuters  -  434 words
    • 620 15 -AP [LONDON] As prime minister, Tony Blair demanded the cancellation of a government fraud investigation regarding BAE Systems pic and Saudi Arabia in part because he feared that it would jeopardise a lucrative Saudi arms deal, a newspaper reported on Saturday.
      -AP |; REUTERS  -  620 words
    • 395 15 -NYT [NEW YORK] Some of the biggest US banks have pulled the plug on a plan backed by the Treasury Department to rescue troubled investment vehicles that were levelled by the sub-prime mortgage crisis. The decision came last Friday after it
      -NYT  -  395 words
  • Page 15 Advertisements
    • 119 15 PULSES ON SALE! The investment magazine, Pulses, is now on sale at newsstands. Published by the Singapore Exchange and now produced by The Business Times, the relaunched issue is available at Buzz Pods, leading bookshops and selected newsstands at $5.50. But if you buy your copy from any Spinel I
      119 words

  • WORLD
    • 645 16 -Reuters They don't want to let go of too many in case market makes a comeback XONDON] Investment banks may have bucked a common trend by learning something from history: despite huge losses on bad home loans, they are at pains
      -Reuters  -  645 words
    • 476 16 NYT 10-11 million pairs sold last year, analyst estimates [NEW YORK] In 1982, Nike released the Air Force 1, a basketball shoe that featured a revolutionary technological innovation: a pocket of air in the heel for cushioning and support. The
      NYT  -  476 words
    • 396 16 Reuters Banks must be more open or incur higher financing costs: CEO [GENEVA] A core task of banks in future will be to ensure their activities are transparent as a result of the current credit crisis, Deutsche Bank CEO Josef Ackermann said
      – Reuters; AFP  -  396 words
    • 528 16 LAT-WP [WASHINGTON] Last week, after Republican presidential hopeful Mike Huckabee criticised the Bush administration for an "arrogant bunker mentality" towards the world, rival Mitt Romney rose to George W Bush's defence. "Mike Huckabee owes the president an apology," Mr Romney said. But Mr
      – LAT-WP  -  528 words
    • 652 16 Marsh McLennan to replace CEO Michael Cherkasky Bloomberg Insurance industry's biggest brokerage may also be split up [NEW YORK] Marsh McLennan Cos has ousted chief executive officer Michael Cherkasky the ex-prosecutor brought in to clean up a bid-rigging scandal at the insurance broker for failing to restore profit lost because
      Bloomberg  -  652 words
    • 215 16 -AP [LONDON] Queen Elizabeth II will use You Tube to send out her 50th televised annual Christmas message, a British Sunday newspaper reported. Buckingham Palace plans on posting archive footage on the video sharing website, including her maiden Christmas Day
      -AP  -  215 words

  • FOCUS: POLLUTION
    • 2456 17  -  JOSEPH KAHN MARK LANDLER ■NYT In its rush to become the world's factory, China has absorbed industries that once made the West dirty h HEN residents of this northern Chinese city hang their clothes out to dry, the black fallout from nearby Handan Iron
      ■NYT; REUTERS  -  2,456 words

  • FOCUS: OIL POSERS
    • 761 18 Reuters Analysts see this as a good thing for the US because the resulting increase in supplies will help relieve pressure on prices THE world's big powers are in growing competition to buy oil from top exporters and develop projects in energyproducing states, eager
      Reuters; PHOTOS: REUTERS, AFP  -  761 words
    • 810 18 Reuters Any interference in the Strait of Hormuz could double oil prices in days IRAN is unlikely to disrupt oil shipments through the Strait of Hormuz in the Gulf in any conflict with the West over its nuclear ambitions, but the risk
      – Reuters; AFP  -  810 words

  • AVIATION/SHIPPING
    • 525 19 Reuters British Airways, Lufthansa, SAS, Air France, KLM among those affected [BRUSSELS] The European Commission has charged several airlines with price fixing on freight services, with British Airways, Lufthansa, SAS and Air France KLM saying that they were among those affected. Japan Airlines
      – Reuters  -  525 words
    • 708 19 Bloomberg [LONDON] Alitalia SpA has recommended that Air France-KLM Group, the world's largest airline, buy the state's controlling stake in the carrier, putting pressure on the Italian government to reject an offer from domestic rival Air One. Alitalia's five-member board, which includes gov-ernment-appointed chairman
      – Bloomberg; I AFP  -  708 words
    • 706 19 Bloomberg Decline in hire rates due to shortage of vessels [LONDON] Declines in the cost of shipping Middle East crude to Asia may slow after falling the most in eight months last Thursday because of a shortage of vessels. Hire rates for very
      – Bloomberg  -  706 words
    • 2409 19 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,409 words
  • Page 19 Miscellaneous
    • 279 19 CRYPTIC CROSSWORD ACROSS I X 7 About right accepting Came10 Common man merits a [HM 111 ;,r,.|_ >. —^J——^H——^J——^^J 11 Belt elite troops hard (4) 12 Drivel from mouth after cold 14 Giving present (6) B^fl^Bß H H H 1 5 Return match (11) f^n f^n 19 Historic building, perhaps,
      279 words

  • SINGAPORE STOCKS
    • 213 20 All. ireen 0.46 1.490 Ascendasreit 0.88 2.400 +0.020 iComm 0.49 2.360 -0.070 iLand 4.06 6.150 -0.050 Cai litaMall 0.94 3.300 +0.080 Chart SemiCond 0.52 0.960 -0.010 Ci'Dev 2.68 13.800 +0.500 ComfortDelGro 1.28 1.790 +0.070 Iosco Con 1.97 5.900 +0.350 Creative Tech 0.16 6.300 -0.150 IBS Gr|
      213 words
    • 101 20 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 3 14 1 0 0 0 3 14 1 Manufacturini 52 134 43 24 13 61 158 56 Commerce 21 48 12 26 56 20 r/C. ims 29 11 30 Finance 26 26
      101 words
    • 123 20 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 123,633 123,633 496,260 496,260 Manufacturini 1,019,037 119,520 1,138,557 1,173,320 23,680 1,197,000 Commerce 771,087 18,486 789,573 351,208 3,604 354,812 404,929 2,675 407,604 1,194,437 2,436 1,196,873 Finance 185,267 185,267 1,773,124 1,773,124 Construction 149,574 46,661 196,235 50,935 5,057
      123 words
    • 8699 20 Weekended: Dec 21 Hi; !-wks Tel Low Code Com| Sale ('OOP) Hit Low B'u] rer Seller C'vr P/E $mil >an] 2 2 5716 1st Software 22 8 3148 STelecom 34 15.5 5834 A-Sonic 104 98 6389 ABF SG Bond ETF 30 15.5 1938 AEI Corp 27 13 1100
      8,699 words
    • 69 20 _Hm Low Code Com Sale Cooo) _Hm Low Bu' Seller C'vr P/E imil 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 3983 2940 6235 STI ETF 100 3977.9 2962.9 6236 STI
      69 words
    • 2247 20 52-Wk Tel High Low Code Last Sale Vol C000) Day Last Quote Div GrYld Net MCap ih Low Buyer Seller C'vr P/E $mil Comi JiL 30 11.5 1181 s AAGrp 41.5 20 5000 s ABR Hldgs 31 21.5 8538 s APStrategic 16.5 2.5 1501 s Advanced System 70.5
      2,247 words
    • 262 20 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
      262 words

  • FINANCE & COMMODITIES
    • 371 21 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 21 World Index Preliminan 1130.4 1.2 2.7 0.7 0.7 1.2 6.: t EAFE Preliminan 1114.3 1.3 0.6 0.8 0.9 1.4 6.! Euro[ Preliminary 1537.1
      371 words
    • 129 21 A. s 9am Dec 21 of foreign currency: Currencies Bid Offer Aust dollar 1.2470 1.2620 Can dollar 1.4500 1.4670 Euro 2.0820 2.1060 NZ dollar 1.1040 1.1270 Sterlin mnd 2.8840 2.9160 US dollar 1.4520 1.4680 Local dollars to 100 units of foreign currency: Currencies Bid Offer Chi
      129 words
    • 161 21 Dec 21 fer Bii Overnight 7/8 1 -month 2 5/16 2-months 2 1/2 3-months 2 9/16 Overnight mode: 5/8 US$ Offer 3/4 2 3/16 2 3/8 2 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months Sfr 5.50 5.00 5.00 5.00
      161 words
    • 24 21 Dec2l ten Hji Sett STI SIMSCI Dec 405.7 417.7 413.9 Taiwan Dec 310.1 317.9 315.9 Source: MF Global (S) Pte. Ltd
      24 words
    • 22 21 Dec 21 t Bid Offer 1-month 1.4524 1.4536 2-months 1.4495 1.4507 3-months 1.4471 1.4484 6-months 1.4410 1.4425 Source: OCBC
      22 words
    • 158 21 D ec2i Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2613 1.2629 0.8660 0.8665 Canadian dollar 1.4613 1.4629 1.0033 1.0037 Euro 2.0950 2.0968 1.4384 1.4386 NZ dollar 1.1126 1.1138 0.7639 0.7642 Sterlim ind 2.8919 2.8943 1.9855 1.9851
      158 words
    • 319 21 ~Z7| EURODOLLAR FUTURES MarO8 JunO8 SepO8 DecO8 95.660 96.155 96.415 96.530 0 0 0 0 ***** ***** 7378 2634 EUROYEN FUTURES MarO8 99.285 99.285 JunO8 99.305 99.305 SepO8 99.250 99.255 DecO8 99.190 99.190 MarO9 JunO9 SepO9 DecO9 99.275 99.290 99.250 99.185 99.130A 99.070A 99.025A 99.275 99.290 99.250
      319 words
    • 276 21 Dec 21 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Jan 08 Feb 08 Mar 08 Apr/Jun 08 Jul/Sep 08 Oct/Dec 08 368.50 373.50 376.75 383.75 386.25 388.00 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      276 words
    • 105 21 Dec 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 08 1177.50 1160.75 1178.00 1164.50 Mar 08 1196.00 1179.75 1196.50 1182.00 May 08 1212.00 1195.75 1212.50 1198.75 Jul 08 1219.50 1201.50 1221.00 1206.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 08 47.15 46.63 47.35
      105 words
    • 76 21 CRUDE OIL PRODUCTS Dec 20 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 91.4 0.24 WTI (Near Mth) 91.13 -0.01 Dubai (1-Mth F) 87.09 1.72 Tapis blend 97.25 2.05 Minas 95.6 2.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 94.00 108.10 unch unch US$/barrel Opec Oil
      76 words
    • 468 21 D ec2i AS Rmb Euro HKS Ind Rs Ru Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound USS Australia 0.863 6.377 0.602 6.758 34.052 81.713 0.980 8.148 2.903 1.134 52.781 35.923 1.262 6.062 1.000 28.142 29.193 0.436 0.866 Canada 1.158 7.388 0.698
      468 words
    • 90 21 Dec 21 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****V 20.03.08 1-Year BY*****A 29.09.08 1.89 1.93 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hie Day's igh Low 2-Year N*****0Z 2.375 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750
      90 words
    • 76 21 Dec 2, (US$) (SS) 4.***** 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** 1 mth 2 mths 4.***** 2.***** 3 mths 4.***** 2.***** 6 mths 9 mths 12 mths 4.***** 4.***** 4.***** 2.***** 2.***** 2.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 2.***** 3yrs 2.***** 4yrs
      76 words
    • 61 21 Dec2l Delivery Month Opening Sett Av Range Price Price Hii Vol Open Done Position Low Jan 08 2965 2978 2988 2965 226 5153 Feb OS 2963 2990 2999 2963 910 ***** Mar 08 2965 2992 3001 2965 2300 ***** Apr 08 2974 2987 3000 2974 346 2768 Total
      61 words
    • 157 21 Dec2l /oz) tec tec Hong Kong London 799.00 799.20 800.00 800.20 Dec 21 Dec 20 810.80 795.80 811.50 796.50 Source: Reuters (S$) Selling Buying 1 oz 1304.33 1171 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $456.89 375 SILVER Selling Buying (s$: Sellim Bu' fin. $456.89 Selling 375
      157 words
    • 70 21 Dec 2 Aluminium, 99.7% purity (USS/tonne) Close Previou: Cash 2362.00 2359.00 3 months 2410.00 2406.00 Copper, Grade A (USS/tonne) Cash 3 months 6766.00 6795.00 6491.50 6530.00 Lead (USS/tonne) Cash 2664.00 3 months 2650.00 2602.50 2605.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3
      70 words
    • 76 21 Dec2l (£/tonne) Close Prev Hii ih/Low War 08 1070 1075 1082/1061 Way 08 1088 1092 1097/1081 lul 08 1115 1116 1124/1111 iepO8 1098 1103 1108/109: IOFFEE (US$/tonne) Close Pev High/Low Ian 08 1854 1848 1859/184' VlarO8 1893 1886 1899/188 VlayO8 1914 1908 1921/1911 lul 08 1928 1923 1933/192. SUGAR
      76 words
    • 3547 21 BONDS WARRANTS 'el lode Com| Last Sale +orVol Conv Exer ('000) Ratio Price Disc Gear- Mths ing Left >arr 335 Allgreen RBeCW*****6 3 -0.5 100 #ArianeCorpLtd W*****9 3 halt 1401 798 Ascendas REIT SGA ECW*****3 16 6 ***** 392 Asia Environment W*****4 41 -3 21 181 #Asia Water Tech Ltd
      3,547 words

  • Page 22 Advertisements
    • 3026 22 m The Business Times Shipping Times m W^kM fSHi MUM IGS MH _fc I WAN HAI INTERNATIONAL PTE LTD cr NO: N*****0000/r I A «^_^Vl W\^t Kj^B|SßjiS3 jfcß.iWr)OXLCiltfwrT|'¥Trriliilß l%r ■■>■>■ TEL *****588 (14 LINES) FAX: *****163 1V l/*llll|M17"l ll ■HWItWHHWSB'HSS'HHPB UkWmiiiWm9^wSmlmim I\\N I WAN HAI INF\ Customer Servke/Bookmgs Dirett Line
      3,026 words

  • Page 23 Advertisements
    • 2914 23 |f llTr\ EASTERN CAR LINER. LTD I m Q®3^^ rtc T r_ if I i^J^Vk 'UnUj I \U 1 I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I \P^p44F^ '|!^1 I^*=*W II '^^^r I I WEEKLY EXPRESS SAILING SCHEDULE '}ft^*.. I^Vnr^'iM llUliffim^B W VOY I Rainp(KT) I Lilting(KT) I
      2,914 words

  • Page 24 Advertisements
    • 3319 24 WmM H ANDERSEN" u^m^ij^mmu F& GIORY NAVIGATION GROUPI M. M I shipping company/ 70 Shenton Way, #21-03 Marina House Singapore *****8 fflv^aQ NORTH WcbT bXrKbbb LINE owns operates the youngest fleet (■■■■■■■■■■■■■■■■■■■■■■■■(■■■■■■■■■■■■■■■■■■■■■Pll MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DaTES fIBF AttltnL DflTiS W|IH l|jyaMM^^J^^attaUi^ia^tt*^*^tli^BMMa^tt^ASliaa^L^faMffialii^dl I VESSEL I VOY Singapore
      3,319 words

  • Page 25 Advertisements
    • 3893 25 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
      3,893 words

  • BizIT
    • 874 26  -  Tech firms going green are offering more energy-efficient data centres, writes WINSTON CHAI REDUCING the appetite of power-hungry data centres was a key focal point for enterprise networking and hardware makers this year as customers are becoming increasingly aware of the
      874 words
    • 466 26  -  WINSTON CHAI JUDGING from their choice of most-wanted presents, high-flying head honchos from IT companies here just can't seem to shake technology out of their systems. Phones have emerged as the favourite gifts for the holiday season, with nearly one-third of the
      466 words
    • 707 27  -  BRAD GRAY <you say> SINGAPORE has an enviable reputation as one of the world's leading business centres. An essential part of this is its role as a telecoms, IT and media hub. The Singapore ICT sector was worth 5545.4 billion in 2006, up nearly
      707 words
    • 819 27  -  ONG BOON KIAT Soaring data growth, small businesses make cutting storage costs vital, writes ENERGY-EFFICIENT and small business-minded enterprise storage solutions came into vogue this year, with both trends looking likely to dominate IT spending considerations next year. "Rising energy prices have
      819 words
    • 247 27 Bloomberg [BRUSSELS] Microsoft Corp, whose software powers about 95 per cent of the world's personal computers, reached an agreement on licensing terms that will allow open-source products to connect to the Windows operating system. Microsoft will license proprietary information on how Windows
      – Bloomberg  -  247 words
    • <what's up>
      • 112 27 NOKIA users hoping to find the contact information of businesses in Singapore can now do so with the click of a button on their phones. The handset maker has integrated a mobile version of the local Yellow Pages directory into phones running on its S6O
        112 words
      • 84 27 JUNIPER Networks has appointed Marcus Loll as the new head for its advanced technologies team in the Asean region and India. This team is responsible for pioneering technology solutions like application acceleration, unified access and intrusion detection and Mr Loh will oversee all sales,
        84 words
      • 77 27 IT services provider Atos Origin has promoted Herbert Leung to be its new chief executive officer for the Asia-Pacific region. In his new role, he will oversee the firm's operations across mainland China, Hong Kong, Indonesia, Japan, Malaysia, Singapore, Taiwan and Thailand. Prior to
        77 words
      • 80 27  -  Winston Chai PIONEER is strengthening its retail strategy in Singapore with the launch of two new concept stores. Located at the Adelphi and Sim Lim Square, they will showcase the company's latest range of plasma televisions and other audio-visual products. These concept stores will
        80 words
  • Page 26 Advertisements
  • Page 26 Miscellaneous

  • Page 27 Advertisements

  • Page 28 Advertisements
    • 79 28 AUDEMARS PIGUET Le maitre de Vhorlogerie depuis 1875 vi Jr |KP^., Is£ r j *~-SM% 9ES_lofl__HHl_M^__ __b_^9 l^_h i I MMMhtfff^SSMMM _3k\ Al HHI HH &gt;_i' Best Sports Watch Best Design Watch Royal Oak Offshore Alinghi Team chronograph, Millenary deadbeat seconds with Audemars Piquet forged carbon case and bezel escapement,
      79 words