The Business Times, 25 December 2007
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2007-12-25
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The Business Times
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Title Section23 2007-12-25 1 THE BUSINESS TIMES. Singapore 85 cents online at http://business-times.asial .com.sg «v a Singapore press holdings publication coregnnoi9B4o2B6Be mica (p) 122/12/2007 Tuesday, December 25,200723 words
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Article, Illustration295 2007-12-25 1 ARTHUR LEE - ARTHUR LEE [SINGAPORE] Nothing symbolised the mood of the season quite like Orchard Road. The crowds thronged, with each traffic light change opposite Ngee Ann City seeing over a hundred pedestrians waiting to cross the road. Vehicles crawled endlessly into carparks. Love came onARTHUR LEE - 295 words
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Article, Illustration567 2007-12-25 1 CHUANG PECK MING - CHUANG PECK MING Former civil servants put in touch with other governments in need of help [SINGAPORE] Some are known to the public but others toiled, often unknown, to help build modern Singapore. Now, they have been recalled from retirement to help shape emerging567 words
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Article, Illustration522 2007-12-25 1 Bloomberg [NEW YORK] Lloyd Blankfein, Goldman Sachs Group chief executive officer, claimed a U5567.9 million bonus, after delivering a record profit amid the sub-prime market collapse. It is the biggest ever awarded to the CEO of a Wall Street firm. Mr Blankfein, 53, receivedBloomberg - 522 words
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MARKETS DIGEST
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Article31 2007-12-25 1 ICOMP 1,421.16 +17.60 IIKKEI225 Closed 1ANG SENG 28,128.80 +501.88 ;et index Closed JAKARTA COM P Closed 1ANILACOMP Closed ;eoulcomp 1,919.47 +41.1 5 ;henzhen B 696.90 +11.80 IUMBAI IND 19,851.08 +688.5131 words
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Article29 2007-12-25 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 6.75 INDONESIA 15.323 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 7.25 CANADA 6.00 SWITZERLAND 3.81 INDIA 12.75 Source: BloombergBloomberg - 29 words
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Article36 2007-12-25 1 IS$ (S$ )er US$) 1.453 (USS/SS per 1.981 2.880 ;URO(US$/S$/E) 1.438 2.090 'EN 114.10 78.50 3.340 2.298 IK$ 7.805 5.370 !AHT 30.25 20.81 lUPIAH 9,415 6,477 lENMINBI 7.362 5.065 INDIAN RUPEE 39.45 27.14 1.149 0.79036 words
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Page 1 Advertisements
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Advertisement148 2007-12-25 1 J^m\\mm\ mmm\\m*^ 'Mm^^. 4^^^^^V "Passione" S Wy' -^^T M^ SR»N TUHSMO XL S I j <^g^g^gK cew fieo z /wMifw tmm^mm) I 1 mm W^ifit J&mm Hr-J /jjSmjGmw^ i&Ss&ssßWw Ammmmm J, Mille Miglia Gran Turismo XL Chrono. Mechanical passion, technology, power and flowing curves: there is a wealth of striking148 words
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Page 1 Miscellaneous
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Miscellaneous51 2007-12-25 1 SME SPOTLIGHT MARKETS THAI ELECTION ENERGY'S PRICE Yong Kin bets Rollercoaster ride seen for Business leaders hold Thousands die every ,#r t-m, o i on its niche Asian investors next year back on optimism year in China's coal mines jp-^ &-U \mL^L PAGE 6 PAGE 10 PAGE 2 PAGE 1651 words
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TOP STORIES
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508 2007-12-25 2 Purchaseof 12m shares boosts its growing investment in financial services [HONG KONG] Temasek Holdings, the biggest shareholder in Standard Chartered Pic, has increased its stake in the UK bank by one percentage point to 18 per cent, helping it boost banking investments in its508 words
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THREE-MINUTE DIGEST
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74 2007-12-25 2 TEMASEK Holdings, the biggest shareholder in Standard Chartered, has increased its stake in the UK bank by one percentage point to 18 per cent. Temasek bought 12 million shares to lift its stake to 253.7 million shares, the bank said in a74 words
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80 2007-12-25 2 BUSINESS leaders voiced pessimism over the outcome of Thailand's first post-coup polls yesterday, saying that it would not likely ease the political uncertainty that has plagued the economy for two years. The People Power Party, which was taken over by allies of80 words
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51 2007-12-25 2 INVESTORS will have two prospective share offers to mull over during the Christmas period. Hong Kong-based gift and jewellery products maker Joyas International Holdings and Indonesian timber processing company Samko Timber lodged their prospectuses on Christmas eve. COMPANY NEWS, PAGE51 words
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82 2007-12-25 2 Millennium Copthorne may launch Reit: COO MILLENNIUM Copthorne Hotels pic, a London-listed firm which operates more than 112 hotels in over 18 countries, may launch a billion-ringgit property trust in Malaysia comprising local and foreign properties, says a report in Malaysia's Business Times. M&C may also consider launching the Reit82 words
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80 2007-12-25 2 SINGAPORE'S inflation accelerated in November to the highest in 25 years as consumers paid more for food and transportation. The consumer price index jumped 4.2 per cent from a year earlier, after gaining 3.6 per cent in October, the Department of Statistics80 words
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67 2007-12-25 2 MALAYSIA is expected to experience a challenging year in 2008 sustaining its economic growth while ensuring competitiveness in the international market following global imbalances, says executive director of the Malaysian Institute of Economic Research, Mohamed Ariff Abdul Karim. He said the67 words
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79 2007-12-25 2 INDIA'S ruling Congress party's loss in Gujarat state, its fourth regional defeat this year, may prompt the government to cut taxes and boost subsidies as it seeks to regain popularity before national elections, analysts said. Losing to Gujarat chief minister79 words
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73 2007-12-25 2 ASIAN stock markets gave investors a white-knuckle ride this year but most are up sharply and analysts predict turbulent gains next year despite a severe US financial crisis. "I think Asian markets will be up over the whole of 2008 but they73 words
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Article, Illustration538 2007-12-25 2 Most think coalition government won't be able to turn things around [BANGKOK] Business leaders voiced pessimism over the outcome of Thailand's first post-coup polls yesterday, saying that it would not likely ease the political uncertainty that has plagued the economy538 words
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228 2007-12-25 2 [SINGAPORE] Thailand's elections yesterday, the first since a 2006 military coup, may lead to more consistent policy decisions besides boosting confidence and investment in the country, Standard Poor's (S&P) says. Consumer and business confidence in Thailand have languished amid economic policy bungles and228 words
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338 2007-12-25 2 [ZURICH] Switzerland's banking regulator has no reason to believe ÜBS broke any rules in its response to the collapse of the US sub-prime market. "We don't see any signs that some rules have been broken" by the country's largest bank, Federal Banking Commission spokesmanBloomberg, Reuters - 338 words
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214 2007-12-25 2 [SINGAPORE] Singapore Airlines Cargo and its parent company Singapore Airlines (SIA) have received a statement of objections in the airfreight proceeding being conducted by the European Commission. In an announcement yesterday, SIA said Singapore Airlines Cargo and its advisers are214 words
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Page 2 Advertisements
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Advertisement19 2007-12-25 2 people 3, Clients wanted. \tmkJS u n \W^l^^' (Only excellent companies WW %0M need apply) www.thepeopleatwork.com Asia-Pacific Executive Search19 words
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COMPANY NEWS
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609 2007-12-25 3 VINCENT WEE - VINCENT WEE Samko processes timber; Joyas makes metal gifts and jewellery INVESTORS will have two prospective share offers to mull over during the Christmas period. Hong Kong-based gift and jewellery products maker Joyas International Holdings and Indonesian timber processing company609 words
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223 2007-12-25 3 VINCENT WEE - VINCENT WEE BREADTALK yesterday announced the appointment of Goh Tong Pak, 62 as chief executive officer with effect from Jan 1 next year. Mr Goh will oversee the group's entire operations including China, Singapore and the region, and will also give strategic direction on223 words
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206 2007-12-25 3 VINCENT WEE - VINCENT WEE CHINA-BASED oil and gas equipment integration service provider RH Energy has entered into an agreement to acquire a 100 per cent stake in Hunan Baili Engineering Science and Technology for 90.18 million yuan (5517.8 million). The firm is a206 words
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Article, Illustration343 2007-12-25 3 Millennium Copthorne Hotels may launch Reit [KUALA LUMPUR] Millennium Copthorne Hotels pic (M&C), a London-listed firm which operates more than 112 hotels in over 18 countries, may launch a bil-lion-ringgit property trust in Malaysia comprising local and foreign properties, says a report in Malaysia's Business Times. M&C may also consider343 words
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Article233 2007-12-25 3 BABCOCK Brown Structured Finance Fund (BBS) has put in an additional investment of US$l5 million in Babcock Brown Rail North America (BBR). Following the additional investment, BBS has a 41.5 per cent Class A membership interest and a total investment in BBR of U5553.6 million, the233 words
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Page 3 Advertisements
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Advertisement101 2007-12-25 3 We train so many Goodness, no. people that we I Never again ~~^&Sb&&* have to create <$■ M£P&-^ would I run for Hy^^f/ restaurants for president of the '^*,> them. United States. I'm quite clear about the uselessness of nostalgia. I j,-^ liye f^ym me places that kJ| I reside101 words
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Advertisement13 2007-12-25 3 V.pnm A¥F U N CHRISTMAS i* ift i.'f iff 4* 013FM/ "u,,i'«-««.«.jr WWW.RADIO9I3.COM13 words
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SINGAPORE MARKETS
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Article, Illustration562 2007-12-25 4 R SIVANITHY Senior Correspondent - R SIVANITHY STOCKS Helping support sentiment was a firm Hong Kong market, where the Hang Seng Index rose 1.82% AS expected, the Straits Times Index (STI) yesterday finished higher in response to Wall Street's Friday bounce and as traders bought the main index stocksBloomberg - 562 words
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Article102 2007-12-25 4 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 4 5 4 0 0 0 4 5 4 Manufacturing 69 43 59 11 72 51 70 Commerce 24 15 21 31 16 23 Tpt/Stor/Com ms 18 10 10 19 12 10 Finance102 words
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Article119 2007-12-25 4 MAIN SPQ TOTAL MAIN SDQ TOTAL Multi Ind 6,196 6,196 35,780 35,780 Manufacturing 145,519 13,962 159,481 179,123 3,432 182,554 Commerce 124,489 2,217 126,706 41,310 463 41,773 Tpt/Stor/Comms 47,624 885 48,509 133,252 1,018 134,269 Finance 14,784 10 14,794 149,847 2 149,850 Construction 29,242 5,737 34,979 15,179 683 15,862119 words
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Article228 2007-12-25 4 tod name lose lange Jlgreen 0.45 1.480 -0.010 \scendasreit 0.88 2.420 +0.020 lapitaComm 0.49 2.400 +0.040 la pita Land 4.12 6.310 +0.160 :apitaMall 0.94 3.350 +0.050 :hart SemiCond 0.52 0.975 +0.015 jtyDev 2.72 14.160 +0.360 lomfortDelGro 1.25 1.770 -0.020 losco Corp 1.98 5.970 +0.070 Creative Tech228 words
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Article, Illustration901 2007-12-25 4 UMA SHANKARI Singapore Consumer Sector DBS GROUP RESEARCH, Dec 19 WE are overweight on the consumer sector for 2008, backed by strong GDP growth, growing affluence, robust employment figures and the Olympics in China. Based on our DBS economists' estimates, China's GDP is projected to power ahead withBloomberg - 901 words
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Article, Illustration488 2007-12-25 4 CURRENCIES [TOKYO] The US doUar hovered near a six-week high against the yen yesterday after a rise in US stocks last week made some investors less pessimistic about sub-prime-related problems and encouraged them to go back into risky carry trades. Trading activity was veryTeWr? - 488 words
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Article49 2007-12-25 4 Dec 24 VALUE CLOSE -867.00 +208.0 BT OB/OS BT CADI -*****.00 +126.0 BT 10-day MA -*****.00 -87.00 All-SG Equities 950.51 +10.59 SG Equities Elect 99.73 -1.01 SG Equities Fin 2396.84 +19.71 SG Equities Prop 1312.70 +23.10 SiMSCI 418.37 +4.59 SiMSCI Future 420.00 +6.10 PrimePartnersCI 236.96 +2.4349 words
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Article57 2007-12-25 4 VOLUME Diqiland 83,681,000 Yanqzijianq 23,550,000 JES 21,886,000 DBS MBL eCWOBO4O4 18,690,000 Abterra 16,452,000 El-Nets 16,119,000 UOB MBL eCWOBO2OS 13,139,000 Sing Tel 12,058,000 STXPOKWIOO 10,386,000 China Milk 9,861,000 VALUE(S) DBS Grp 73,773,054 Yanqzijianq 46,463,180 Sing Tel 45,520,016 Capita Land 31,070,930 STXPOKWIOO 29,762,600 UOB 27,920,060 Keppel Corp 26,142,160 SGX57 words
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Article106 2007-12-25 4 BY CENTS CLOSE UP GLD 10US$ 7960 116.5 1.0 China H 10US$ 2110 72.8 2.4 JMH 2590 58.3 1.6 ire Land 775 40.0 5.4 STI ETF IOPV 3521.2 36.6 1.1 At 1416 36.0 2.6 JSH 1502 32.0 1.5 ISMSCI India 100 994 20.4 1.4 Jardine C&C 2110 20.0 1.0106 words
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Article109 2007-12-25 4 BY CENTS CLOSE DOWN 1240 -20.0 -1.6 Kei Con Venture Con 1242 -18.0 -1.4 SPCDBeCW/*****8 27 -14.0 -34.1 Total Access 109 -13.1 -7.6 B Sembawani 1042 -8.0 -0.8 At NCCPS 204 -7.0 -3.3 SembMar DBeCW*****4A -6.0 -46.2 UOBMBLePW*****8 16 -5.5 -25.6 AdvSCTW*****9 27 -5.0 -15.6 FSL Trust 118 -5.0109 words
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Article84 2007-12-25 4 Dec 24 CHNG CLOSE FR Dec 21 YR 2007 S$ LOW S$ HIGH USS 1.4537 0.25 1.5479 1.4363 Euro 2.0903 0.19 2.1639 1.9913 Pounds 2.8827 0.25 3.1194 2.9158 AS 1.2625 0.02 1.3555 1.1741 Yen* 1.2741 1.02 1.3821 1.2285 Rupiah* 0.***** 0.09 0.***** 0.***** Baht* 4.3175 0.2084 words
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SINGAPORE NEWS
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584 2007-12-25 5 SIOW LI SEN - SIOW LI SEN Setting up a regional office here has given it 'great synergies' with its business ASIA's insatiable hunger for energy and love of gold is helping fuel growth for the New York Mercantile Exchange (Nymex), the world's largest physical commodity584 words
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Article, Illustration593 2007-12-25 5 Bloomberg Jump triggered by hikes in costs of food, transport SINGAPORE'S inflation accelerated in November to the highest in 25 years as consumers paid more for food and transportation. The consumer price index jumped 4.2 per cent from a year earlier, afterBloomberg; BLOOMBERG - 593 words
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Article338 2007-12-25 5 Reuters SINGAPORE'S manufacturing output probably grew in November, snapping three straight months of declines, as stronger drugs output offset persistent weakness in electronics, a Reuters poll showed yesterday. The median forecast for eight economists was for November factory output to have risen a seasonally adjustedReuters - 338 words
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Page 5 Advertisements
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Advertisement121 2007-12-25 5 N. fS"\ 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 any121 words
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Advertisement17 2007-12-25 5 Lianhe Zaobao I Prominent economist Lin Yifu: raise interest rates and curb inflation sr c vi^kt «tuf(www.snoi.coM17 words
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Advertisement76 2007-12-25 5 ZAP BID FROM ONLY $10! LONGINES J L Reference: v J u| L 4.209.4.11.6 La Grande Classique de Longines I Recommended Retail Price: $1,420 and.7%Gsn I Ladies Classic Watch. I Water Resistant up to 30m. I Fitted with L 209 Quartz Movement. I I BID NOW! HIGHEST BIDDER WINS Bidding76 words
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SME SPOTLIGHT
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Article, Illustration885 2007-12-25 6 -Mr Pu - SMALL CAPS In keeping with customer needs, the firm is further enhancing the quality of its products by boosting R&D, writes OH BOON PING HIGH-PRECISION steel specialist Yong Kin International's business strategy can be described in just one word niche. The firm supplies niche precisionKWONG KAI CHUNG/LIANHE ZAOBAC - 885 words
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Article7768 2007-12-25 6 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 1.007/ Star Europe Bond 1.196/ Star Europe Bal 1.217/ Star Asian Tiger Eqty 1.623/ Star Asia Bond 1.259/ Star Asia Balanced 1.056/ Star Global Technology Fund!" 0.232/ Multi St Fd 0.936/ Star Asia Bond(USD) 0.864/ Gib Multi St USD7,768 words
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Page 6 Advertisements
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Advertisement31 2007-12-25 6 Allianz Global Investors one of the world's largest asset managers with more Allianz (jji) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors company regn. no *****7169Z31 words
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ECONOMY WATCH
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Article, Illustration1993 2007-12-25 7 Bloomberg A six-year-old lost her bicycle and banks lost billions, but those who bet against the mortgage industry came out trumps CALIFORNIA homeowner Christopher Aultman stopped writing mortgage cheques. And Charles Prince of Citigroup paid. Some of the US$l6.6 billion that Mr Prince's bank estimates■ Bloomberg; PHOTOS: AFP, AP, REUTERS; AP - 1,993 words
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MALAYSIA
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Article, Illustration872 2007-12-25 8 Bernama But M'sia can grow 5.4% if US contains sub-prime fallout, avoids recession [PUTRAJAYA] Come 2008, Malaysia is expected to experience a challenging year sustaining its economic growth whilst ensuring competitiveness in the international market following global imbalances. Executive director of the Malaysian– Bernama; BLOOMBERG - 872 words
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Article2328 2007-12-25 8 )ec24 RM Cooo) \&M Realty 0.88 \bricBhd 0.26 \dvance Synergy 0.21 \dventa Bhd 1.42 \eMulti Hldgs 0.29 \ffin Holdings 2.50 \hmad Zaki Resou 3.20 \icCorp 0.78 Mrasia Bhd 1.63 \kn Technology 0.62 Mliance Financi 3.08 Muminium Co 1.19 Amalgamated Ind 0.48 \minvestment Grp unch \mmb Hldgs Bhd 3.742,328 words
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398 2007-12-25 8 [KUALA LUMPUR] Construction of the RM977 million (***** million) Eastern Dispersal Link Expressway (EDL) in Johor will likely start in the first quarter of next year, according to a report in The Star. In June, MRCB signed a concession agreement with398 words
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337 2007-12-25 8 Bernama [MIRI, Sarawak] Malaysia's TRC Synergy Bhd has bought a 26 per cent stake in Petroßru (B) Sdn Bhd of Brunei as it aims to secure part of a US$3 billion oil refinery construction project on Pulau Muara Besar, an island off– Bernama - 337 words
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627 2007-12-25 8 Structured product tracks 4 banks with 30% share price fall [KUALA LUMPUR] CIMB Bank was scheduled to launch a structured investment product yesterday tracking four global banking groups whose share prices have declined by 30 per cent since the onset of the US sub-prime627 words
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GREATER CHINA/INDIA
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Article, Illustration678 2007-12-25 9 Bloomberg Federal govt seen turning to populist moves to regain lost ground in Gujarat [NEW DELHI] India's ruling Congress party's loss in Gujarat state, its fourth regional defeat this year, may prompt the government to cut taxes and boost subsidies– Bloomberg; REUTERS, AFP - 678 words
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175 2007-12-25 9 Reuters MUMBAI] Wipro, India's ;hird-biggest software sxporter, is expected to bid ?or France's Capgemini by ;he end of January in a ieal valuing the French Inn at up to US$7 billion, ;he Hindustan Times said yesterday, citing nvestment banking sources. Citigroup andReuters - 175 words
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316 2007-12-25 9 Xinhua [BEIJING] China's oldest Peking duck restaurant chain, Quanjude (Group) Co, plans to use electric ovens to replace its traditional hand-roasting procedures in cooking ducks. The move is aimed at maintaining food quality while the company expands its business across China after itXinhua - 316 words
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536 2007-12-25 9 2.8 m families and companies will pay more from Jan 1 [HONG KONG] The New Year will get off to a gloomy start with CLP Power and Hongkong Electric raising their tariffs by 4.5 and 6 per cent, respectively, from New536 words
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783 2007-12-25 9 Bloomberg [HONG KONG] Chinese central bankers raised interest rates six times in 2007 and stocks in the world's fastest growing economy are still more than twice as expensive as US shares. PetroChina Co, whose market value tops Exxon Mobil Corp's by– Bloomberg - 783 words
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Article, Illustration509 2007-12-25 9 Xinhua [BEIJING] In the wake of escalating inflation, China pledged to draw up a series of measures, including more subsidies for farmers, to secure a stable production and supply of produce in 2008 when Beijing hosts the Olympics bringing the country– Xinhua; AFP - 509 words
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ASIA-PACIFIC/WORLD
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802 2007-12-25 10 Reuters [NEW YORK] Analysts predict that next year's US initial public offerings will include a steady stream of activity, including credit card issuer Visa Inc's US$lO billion IPO. Visa, the biggest deal so far for 2008, is coming to market afterReuters - 802 words
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Article, Illustration630 2007-12-25 10 -AFP Most Asian markets did well in 2007 but recent turbulence seen persisting [HONG KONG] Asian stock markets gave investors a white-knuckle ride this year but most are up sharply and analysts predict turbulent gains next year despite a severe US financial-AFP; ■ AFP - 630 words
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Article, Illustration883 2007-12-25 10 -NYT Candidates John Edwards and Mitt Romney disagree on wealth redistribution [NEW YORK] By the final weeks of 1984, well before either had turned 40, John Edwards and Mitt Romney had already built successful careers. But the two men were each on the-NYT |; REUTERS - 883 words
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279 2007-12-25 10 Bloomberg [AUCKLAND] Fisher Paykel Healthcare Corp, the New Zealand-based maker of breathing masks to treat sleep disorders, rose to a three-month high in Wellington after the takeover of a rival stoked speculation about more mergers. The Auckland-based company jumped 3.3 per cent and is– Bloomberg - 279 words
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WORLD
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Article, Illustration1034 2007-12-25 11 NYT Small growers are coming out with their own bubbly, cheaper and often just as good as offerings from the fashionable houses W HEN it comes to champagne, are you a slave to fashion? Americans are preparing to indulge in the traditional holiday bubblefest: moreNYT; MAIN PHOTO: CICV - 1,034 words
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Article, Illustration735 2007-12-25 11 -AP Festive records are popular with stars as they are easy to make and can score big NASHVILLE, Tennessee] Alan Jackson, Garth Brooks and Toby Keith lave a couple apiece. Kenny Rogers ffld Dolly Parton did one together. Flic ever-prolific Willie Nelson-AP - 735 words
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Article, Illustration550 2007-12-25 11 -AFP They handle everyday chores for busy high-fliers [WASHINGTON] Too busy to take shirts to the cleaners or shop for Christmas presents, high-flying Americans have spawned an industry to absolve themselves of everyday chores. Enter the "lifestyle manager". "In Washington, DC, people are extremely busy-AFP; AFP - 550 words
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AVIATION
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Article, Illustration389 2007-12-25 12 Bloomberg Its engineers may pursue industrial action if demands are not met [CANBERRA] Qantas Airways Ltd, Australia's biggest airline, is preparing a plan to minimise flight disruptions in the face of any action by 1,700 of its engineers seeking bigger raises■ Bloomberg; AFP - 389 words
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246 2007-12-25 12 -AFP [SINGAPORE] After two good years Asia's airline sector is set for a possibly steep slowdown in 2008 as the global credit crunch hits consumers, dampening air travel demand, an industry group said on Sunday. Increased capacity as the region's airlines take-AFP - 246 words
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374 2007-12-25 12 -AP [MILAN] Officials in northern Italy are uniting in opposition to Air FranceKLM's bid for ailing Alitalia Spa, which would make Rome the nation's only hub at the expense of Milan. The Air France plan which the Alitalia board tipped on Friday as its-AP - 374 words
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200 2007-12-25 12 Reuters [FRANKFURT] Germany's MT Aerospace, a unit of OHB Technology which aims to buy three factories from planemaker Airbus, expects to clinch the deal within 90 days, its chief executive told Euro am Sonntag newspaper. The parties Airbus is a unit of European– Reuters - 200 words
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212 2007-12-25 12 Xinhua [PARIS] A team of French engineers has for the first time ever successfully test-flown an electric plane, Anne Lavrand, who has been at the helm of the project dubbed Electra, said on Sunday. The aircraft, an "Electra F-WMDJ, equipped with– Xinhua - 212 words
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234 2007-12-25 12 Bloomberg [HONGKONG] Cathay Pacific Airways Ltd, Hong Kong's largest carrier, said that it received a letter from the European Union's antitrust arm charging the airline's cargo unit with infringing competition rules. "The company is carefully reviewing the statement of objections with our internal andBloomberg - 234 words
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Article2366 2007-12-25 12 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), BR2,366 words
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Page 12 Miscellaneous
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Miscellaneous354 2007-12-25 12 CRYPTIC CROSSWORD ACROSS 5 French white wine? Capital! [i H2 H4 Hs |6 J7 I 8 Crack appearing in a vessel 9 African leader wins time in opposition (7) 10 10 Mountains within reach (5) 11 Instantly became uncontrol- i lable (3,2,4) TT"^ H ijjjjjjjjjjjjjjjjjjljjjjjjjjjjjjjjjjjjH Mt 13 Listen to Cockney354 words
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SHIPPING/TRANSPORT
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296 2007-12-25 13 Bloomberg It'll deliver two rigs to Russian customer and two drill ships to African buyers [SEOUL] Samsung Heavy Industries Co, the world's sec-ond-largest shipyard, said it received orders worth 2.27 trillion won (553.5 billion) to build drill ships and floating drilling rigs.– Bloomberg - 296 words
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459 2007-12-25 13 Xinhua Cargo transport services will boost country's growing foreign trade [YANGON] Myanmar Five Star Lines (MFSL), the state-owned overseas liner, is striving to extend its cargo transportation services to member countries of the Association of Southeast Asian Nations (Asean) in– Xinhua - 459 words
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Article, Illustration270 2007-12-25 13 -AFP [LONDON] Tens of thousands of travellers saw their holiday plans disrupted on Sunday as fog led to the cancellation of almost 100 flights from London's Heathrow airport, the world's busiest. Some 88 flights were cancelled at Heathrow both incoming and-AFP; AFP - 270 words
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213 2007-12-25 13 Reuters [FRANKFURT] Fraport, the operator of Europe's second-largest airport in Frankfurt, is interested in more deals in China and India, its chief executive told Euro am Sonntag newspaper. Chief executive Wilhelm Bender told the weekly newspaper he plans to hold renewed– Reuters - 213 words
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Article, Illustration509 2007-12-25 13 Bloomberg [SINGAPORE] Coal prices at Australia's Newcastle port, a benchmark for Japan, South Korea and Taiwan, traded near a record on concern that demand is outpacing supply. Power station coal excluding shipping cost for delivery within three months settled at US$BB.B4 a■ Bloomberg; BLOOMBERG - 509 words
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250 2007-12-25 13 -AFP Travellers stuck at NY airports will get essential services [NEW YORK] A group representing US air travellers claimed victory on Friday after a New York judge ruled that airlines in the state must provide essential services to passengers stranded for long periods-AFP - 250 words
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133 2007-12-25 13 Bloomberg [SHANGHAI] China Oilfield Services, a unit of the nation's third-largest oil producer, won a contract to supply four drilling rigs to Libya for about US$lOO million. China Oilfield will deliver two 7,000-metre and two 5,000-metre drilling rigs over three years starting inBloomberg - 133 words
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EDITORIAL & OPINION.
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468 2007-12-25 14 SINGAPORE'S bid to host the Youth Olympic Games (YOG) in 2010 has drawn some degree of enthusiastic support from the corporate sector. But, by and large, Singapore companies have lagged behind their peers elsewhere in recognising the value that sports can bring to468 words
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Article, Illustration990 2007-12-25 14 AFP The biggest news this year was a not-so-subtle shift in Asia's role in global markets YOU would expect a year marking the 10th anniversary of the Asian crisis to be hectic, and 2007 didn't disappoint. Coup attempts, sub-prime fallout, terrorist attacks, scandals, volatileAFP - 990 words
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Article, Illustration739 2007-12-25 14 HARISH MEHTA - HARISH MEHTA THE BOTTOM LINE THE wonder plant jatropha which holds the promise of a cheap and clean replacement for fossil fuel is attracting investments from Western firms that are keen on entering the countries where it is grown, such as739 words
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Article, Illustration1636 2007-12-25 15 ANTHONY FAIOLA - US$ 's fall is felt around the globe ANTHONY FAIOLA LAT-WP Decline blamed for ills from Middle East labour strikes, lost jobs in Europe, to end of era of globe-trotting Americans THE sharp decline of the US dollar since 2000 is affecting a broad swath of the world's population, with– LAT-WP; AFP - 1,636 words
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Article, Illustration754 2007-12-25 15 PAUL KRUGMAN - PAUL KRUGMAN -NYT WHEN announcing Japan's surrender in 1945, Emperor Hirohito famously explained his decision as follows: "The war situation has developed not necessarily to Japan's advantage". There was a definite Hirohito feel to the explanation Ben Bernanke, the Federal Reserve chairman, gave recently for the-NYT; AFP - 754 words
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FOCUS: CHINA'S ENERGY WOES
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Article, Illustration2234 2007-12-25 16 [CHANG'GOU TOWN - [CHANG'GOU TOWN, -AP Thousands die every year in China's coal mines, and many more accidents are routinely covered up, reports CHARLES HUTZLER Digging coal deep underground, Luo Xianglai learned to listen hard to the sounds the rocks made when struck with his pick-axe. A dull-AP; REUTERS; AP - 2,234 words
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SINGAPORE STOCKS
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Article8203 2007-12-25 17 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil Company 5716 1st Software 11 8 3148 STelecom 34 15.5 5834 A-Sonic 104 98 6389 ABF SG Bond ETF 30 15.5 1938 AEI Corp 118,203 words
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Article65 2007-12-25 17 _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 STI65 words
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Article2002 2007-12-25 17 52-Wk Tel High Low Code Comi Last Sale Vol C000) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E $mil >an< Hii 30 11.5 1181 s AAGrp 41.5 20 5000 s ABR Hldgs. 31 21.5 8538 s APStrategk 16.5 2.5 1501 s Advanced System2,002 words
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Article259 2007-12-25 17 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum259 words
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FINANCE & COMMODITIES
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369 2007-12-25 18 In local curr In S$ In USS %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 6.2 EAFE Preliminan 1114.3 1.3 0.6 0.8 0.9 1.4 6.5 Euro[ Preliminan 1537.1 1.4369 words
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Article131 2007-12-25 18 As at 9am Dec 24 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2550 1.2700 Can dollar 1.4570 1.4740 Euro 2.0790 2.1030 NZ dollar 1.1010 1.1250 Sterlin ind 2.8640 2.8970 US dollar 1.4460 1.4630 Local dollars to 100 units of foreign131 words
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Article160 2007-12-25 18 Dec 24 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 5.25 4.95 5.00 5.00 4.80 4.65 4.50160 words
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Article22 2007-12-25 18 Dec 24 STI SIMSCI Dec 413.9 421.4 420 Taiwan Dec 320.7 321.3 320.2 Source: MF Global (S) Pte. Ltd22 words
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Article21 2007-12-25 18 Dec 24 Bid Offer 1-month 1.4489 1.4502 2-months 1.4459 1.4473 3-months 1.4436 1.445 6-months 1.4374 1.4388 Source: OCBC21 words
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Article151 2007-12-25 18 Dec 24 Currencies Bid Offer Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2646 1.2660 0.8704 0.8707 Canadian dollar 1.4642 1.4656 1.0078 1.0080 Euro 2.0893 2.0911 1.4380 1.4382 NZ dollar 1.1105 1.1122 0.7643 0.7649 Sterlim 2.8783 2.8811 1.9811 1.9815 US dollar 1.4529 1.4540 S$fUS$151 words
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Article327 2007-12-25 18 Dec 21 OPEN HIGH LOW SETT VOL OP/INT URODOLLAR FUTURES Vlar08 Iun08 Sep08 3ec08 95.660 96.155 96.415 96.530 0 0 0 0 ***** ***** 7378 2634 EUROYEN FUTURES Vlar08 99.285 99.285 Iun08 99.305 99.305 Jep08 99.250 99.255 3ec08 99.190 99.190 Vlar09 Iun09 Jep09 3ec09 99.275 99.290 99.250327 words
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Article280 2007-12-25 18 Dec 21 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Jan 08 Feb 08 Mar 08 Apr/Jun 08 Jul/Sep 08 Oct/Dec 08 368.50 373.50 376.75 383.75 386.25 388.00 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)280 words
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Article105 2007-12-25 18 Dec 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 08 1177.50 1160.75 1178.00 1164.50 Mar 08 1196.00 1179.75 1196.50 1182.00 May 08 1212.00 1195.75 1212.50 1198.75 Jul 08 1219.50 1201.50 1221.00 1206.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 08 47.15 46.63 47.35105 words
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Article76 2007-12-25 18 CRUDE OIL PRODUCTS Dec 21 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 91.47 0.07 WTI (Near Mth) 93.32 2.19 Dubai (1-Mth F) 86.09 -1 Tapis blend 96.2 -1.05 Minas 94.55 -1.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 93.90 107.25 -0.10 -0.85 US$/barrel Opec Oil76 words
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Article469 2007-12-25 18 Dec 24 AS CS Rmb Euro HKS Ind Rs Ru| Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.864 6.409 0.605 6.794 34.349 81.962 0.994 8.180 2.908 1.139 53.095 35.980 1.265 6.086 1.007 28.310 26.334 0.439 0.871 Canada 1.158 7.419469 words
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Article85 2007-12-25 18 Dec 24 Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****A 27.03.08 1-Year BY*****A 29.09.08 2.00 1.96 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High 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 15-Year NY*****X 3.12585 words
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Article76 2007-12-25 18 Dec 24 1 mth 2 mths 4.***** 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** 4.***** 2.***** 3 mths 4.***** 2.***** 6 mths 9 mths 12 mths 4.***** 4.***** 4.***** 2.***** 2.***** 2.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** 5yrs76 words
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Article62 2007-12-25 18 Dec 21 Delivery Month Opening Range Sett Av Price Price Hii Low Vol Open Done Position Jan 08 2965 2978 2988 2965 226 5153 Feb 08 2963 2990 2999 2963 910 ***** Mar 08 2965 2992 3001 2965 2300 ***** Apr 08 2974 2987 3000 2974 346 276862 words
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Article139 2007-12-25 18 Dec 24 GOLD (USS/oz) Dec 24 Dec 21 Hong Kong London 809.30 799.20 810.30 800.20 Dec 21 Dec 20 810.80 795.80 811.50 796.50 Source: Reuters CAST BAR (S$) Dec 24 Buying Sellini Kilobar "40,585.10" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1139 words
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Article71 2007-12-25 18 Dec 21 iriti iiuiii, yy.i (US$/tonne) Co Close Previous 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) Cash71 words
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Article81 2007-12-25 18 Dec 21 (£/tonne) Close Prev Hii ih/Low Mar 08 1070 1075 1082/1060 May 08 1088 1092 1097/1080 Jul08 1115 1116 1124/1110 Sep 08 1098 1103 1108/1097 COFFEE (USS/tonne) Close Pev High/Low Jan 08 1854 1848 1859/1846 Mar 08 1893 1886 1899/1887 May 08 1914 1908 1921/1910 Jul 08 192881 words
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Article1635 2007-12-25 18 BONDS WARRANTS Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 2036 Advance SCT Ltd W*****9 27 -5 1 1 87 21 3.48 32 3747 Allgreen RB ECW*****1 9 20 0.5 163 3 8798 Ascendas REIT SGA ECW*****3 12.5 -3.51,635 words
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Page 19 Advertisements
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Advertisement2579 2007-12-25 19 m The Business Times Shipping Times fuesday, December 25, 2007 1 9 i a^w^fT 11 1T jif^jTiiB SS^ffi^^Ri^nV^EPPvSnP^l BH^fTflißfffwß^'PfflMPiPPi^l i| cisti* UK CONTINENT SERVICE U.S.A SERVICE ~-Jj'l- n|J Destination Destination «i]lT||[i],'Ml -Vm-i^iffßi; Jw "•> STXPOTBN RTM/ANR/TIL SPYROS B CDN/NFK/SAV/NOL PfifffffflflßlffiffflW -yzf^^i***^ \A=s^^lJ 111 *****| -1 —c v/ m-iI-i/.m in. n-ii2,579 words
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Page 20 Advertisements
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Advertisement3321 2007-12-25 20 WAN HAI INTERNATIONAL PTE LTD P>_S«l I ff<Pl^ {C^ Cfl Tt^/^M* I'TrA >L| |||p|> TEL *****588 (14 LINES) FAX: ***** 163 ■ir^^gS I^9 BsJ L»-» >-•# C_i J^C^/OO VVIIWAN HAI INES Corner Service/Bookings Dirert Line-(1800) *****200 A .^BT Bfl uiFFITI V FYPRFSS SAN IMP SrHFnill F V llrll fcll«fc«* imiii|.3,321 words
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Advertisement3694 2007-12-25 21 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 SlNDesfnName Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name3,694 words
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PROPERTY
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Article, Illustration616 2007-12-25 22 Bloomberg Hometrack reports 0.3% drop and sees just 1% increase in values next year [LONDON] House prices in the UK fell the most in three years in December, and the threat of more declines may cause the property market to– Bloomberg; BLOOMBERG - 616 words
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340 2007-12-25 22 Reuters [LONDON] European commercial real estate investment volumes are set to dwindle further in early 2008, but buoyant occupier demand should ignite a market revival as the year unfolds, property services firm King Sturge said last Friday. In its annual European Property– Reuters - 340 words
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202 2007-12-25 22 Reuters [SYDNEY] Australian property developer Stockland Group Ltd said yesterday that it had sold its 50 per cent stake in three New Zealand shopping centres to AMP New Zealand Property Retail Ltd for A 5322 million (Ss4o7 million). Stockland said selling its stake– Reuters - 202 words
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Article267 2007-12-25 22 -Bloombvi y [DUBAI] United Arab Emirates (UAE) real estate price growth may slow in 2008 if the central bank boosts the value of the dirham against the dollar, raising costs for foreign investors, EFGHermes Holding said. Property prices in the UAE probably will increase 5-Bloombvi y - 267 words
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Article, Illustration385 2007-12-25 22 Reuters [LONDON] Property investors smarting from this year's housing bust in the United States might do well to look farther afield even out of this world. Internet searches for lunar land prices show the cost of buying an acre of the moon's surface has– Reuters; REUTERS - 385 words
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Page 22 Advertisements
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Advertisement117 2007-12-25 22 I 2 sty bungalow Swimming pool Approx 26,000/5,5005f Spacious Patio 4 rooms Privacy Greenery Astrid Hill 23,0005f Fourth Aye 26,0005f Belmontßd 15,0005f GarlickAve 11,OOOsf BinjaiPk 25,0005f Oriole Cres IO.OOOsf BrizayPk 17,0005f PeirceDr 32,0005f BtSedap 15,5005f Queen Astrid Pk 25,5005f ClunyPlc 16,0005f Swettenham 16,0005f Cornwall Gdn 21,0005f Victoria Pk 30,0005f Dalveyßd117 words
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