The Business Times, 31 December 2007

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Total Pages: 24
1 24 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 REG NNO *****2868E MICA (P) 122/12/2007 Monday, December 31,2007
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  • 921 1  -  SIOW LI SEN Sub-prime may not hit Asia-Pac staff badly [SINGAPORE] ÜBS chairman Marcel Ospel and Morgan Stanley chief executive John Mack have given up their 2007 bonus but those lower down the food chain should still be getting theirs, provided their sectors have
    FILE PHOTO; AFP  -  921 words
  • 757 1  -  WINSTON CHAI They see handset drawing hordes of subscribers [SINGAPORE] With a major barrier for switching telcos to be lifted within the next six months, local mobile operators are now jostling for exclusive rights to sell Apple's coveted iPhone in
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 36 1 m^ DINING OUT COMMENTARY BizlT *\f\A°f\ «JKaJ Goodwood's SIA grooming next Tech trends that J 111 W*lo'Bl3Bl**ll^ new sake bar generation will power 2008 £mm\j I \J the bid page 7 PAGEB PAGES PAGE 24 i'W'llil»]i|'<fliaw«rdfliaaaia
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  • TOP STORIES
    • 869 2  -  OH BOON PING Presence of regional HQs here a draw for growing consultancy and research services industry [SINGAPORE] Business intelligence (BI) activity in Singapore is heating up as the Republic plays host to a growing pool of firms that provide market research and
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    • THREE-MINUTE DIGEST
      • 66 2 STOCKS got hammered enough in a single day of trading last Thursday to send US stocks to a loss for the week, derailing the last hopes for a Santa Claus rally. The chances that the market will bounce back in the coming
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      • 64 2 KOH Brothers and Brothers Holdings are terminating their deal over joint venture Construction Consortium. The companies said separately over the weekend that Construction Consortium would become a wholly owned subsidiary of Koh Brothers. Brothers Holdings agreed last Friday to sell its 46.58 per cent
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      • 66 2 THE dental industry can expect several initiatives this year aimed at raising the standard of dental care services in Singapore. For a start, the sector can expect a boost to the pool of professionals practising here, following an announcement by the Ministry of Health to
        66 words
      • 83 2 THE US dollar's share of global foreign-exchange reserves fell to a record low in the third quarter as demand for US assets waned after the sub-prime mortgage market collapsed The US currency accounted for 63.8 per cent of reserves at the end of
        83 words
      • 71 2 DESPITE some misgivings in his United Malays National Organisation, Prime Minister Abdullah Badawi is tipped to call a general election in the first quarter of 2008. There is no chance of the PM's ruling National Front coalition losing power. But Mr Abdullah
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      • 87 2 INDIA'S giant Tata Group plans to launch the world's cheapest car early in January while also looking set to drive off with two of the poshest marques Ford's iconic Jaguar and Land Rover brands. Ratan Tata, head of the tea-to-steel Tata conglomerate,
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      • 82 2 SMALL and medium-sized businesses in Singapore are on track to spend as much as US$2 billion on information technology in 2008, up a healthy 7.6 per cent from this year, according to the latest study by New York-based Access Market
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    • MARKETS DIGEST
      • 56 2 Weekly C 3,445.82 Change +47.72 ST Index 1 COMP 1,447.04 +43.48 IIKKEI 225 15,307.78 +50.78 1ANG SENG 27,370.60 -256.32 SET INDEX 858.10 +44.50 JAKARTA COMP 2,745.83 +87.85 1ANILA COMP 3,621.60 +88.62 ;eoulcomp 1,897.13 +18.81 iHENZHEN B 709.69 +24.59 IUMBAI IND 20,206.95 +1044.38 )OW 13,365.87 -84.78 IASDAQ 2,674.46 -17.53 ;&P
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      • 29 2 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.50 INDONESIA 15.483 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.75 CANADA 6.25 SWITZERLAND 4.08 INDIA 12.75 Source: Bloomberg
        Bloomberg  -  29 words
      • 36 2 (USS/SS per 1.997 2.891 EURO(US$/S$/E) 1.465 2.120 YEN 113.10 78.10 RM 3.317 2.291 HK$ 7.800 5.388 BAHT 33.71 23.29 RUPIAH 9,410 6,499 RENMINBI 7.303 5.045 INDIAN RUPEE 39.44 27.24 A$ 1.143 0.789 NZ$ 1.291 0.892
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    • 140 2 [SINGAPORE] Tennis royalty swept into Singapore when Russian star Maria Sharapova (left) played an exhibition match against compatriot Anna Chakvetadze (above) last night. Sharapova beat world No 6 Chakvetadze in the game held at the Indoor Stadium. The match was watched by 9,300. The 20-year-old, who is ranked
      PHOTOS: AFF  -  140 words
    • 593 2  -  KALPANA RASHIWALA David Loh, Han Seng Juan pay $60m for Westlite in Jurong By [SINGAPORE] Morgan Stanley is not the only one investing in foreign-work-ers dormitories in Singapore. David Loh and Han Seng Juan two star stockbrokers at UOB Kay Hian, who in October surprised
      FILE PHOTO  -  593 words
    • 762 3  -  ANDREW MARKS WALL STREET INSIGHT Hot jobs market in Dec may put off Fed rate cut; cool data may signal recession STOCKS got hammered enough in a single day of trading last Thursday to send US stocks to a loss for the
      AP  -  762 words
    • 461 3 [NEW YORK/LONDON] Merrill Lynch Co is in talks with Chinese and Middle Eastern sovereign wealth funds (SWFs) to raise capital through selling another "big" stake in the company, the Observer has reported, citing London and New York sources. The US$4.4 billion raised
      AP  -  461 words
  • Page 2 Advertisements

  • Page 3 Advertisements
    • 325 3 I Day Date Feature Race Day Date Feature Race Trackall the exciting action at the Singapore Turf Club mT^ fT 4 I Frj 4 Sat 12 with this cut and keep calendar. It's a thoroughbred U n at Singapore3 .Year.oidsprintfs'poreG 3 fT S Singapore Derby (s' poreGl) Sun 20 Singapore
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  • SINGAPORE MARKETS
    • 695 4  -  R SIVANITHY STOCKS A DIFFICULT first half for stocks but a better second half because the US Federal Reserve will have cut interest rates aggressively to revive an ailing economy. That's the gist of what most of the pundits are predicting for
      695 words
    • 415 4 AFP CURRENCIES [HONG KONG] The Japanese yen and Austalian dollar ended the week higher against the dollar as the assassination of Pakistani opposition leader Benazir Bhutto added to concerns over the health of the US economy. The yen lurked near seven-week lows against
      AFP  -  415 words
    • 312 4 Legends: US$; Rmb; HK$; A) As; Pound; Rupiah; Yen; Euro; AA) Baht; RM; Peso; AAA) Rs; NT$; (ad] Cash/Bonus Tax Exempt (One-Tier); (af) Dividend/Distribition; (ai) Final; (am] Final Special Tax Exempt (One-Tier); (an) Final Tax Exempt; (ao) Final Tax Exempt (One Tier); (az) First and Final Tax Exempt
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    • 496 4 AFP COMMODITIES [LONDON] Oil prices surged towards US$lOO per barrel last week after Pakistani opposition leader Benazir Bhutto was killed by a suicide bomber. On Friday, geopolitical jitters and weak US energy stockpiles drove New York crude to U5597.92 just US$l.37 off the
      AFP  -  496 words
    • 1952 4 Source: Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name \llco Commercial REIT 1.60 1.60 5 5.49 16.30 1.56 0.89 .II' ireen Pro jerties Ltd 2.90 3.10 10 9.21 16.19 1.79 1.48 ,mara Hldi
      1,952 words
    • 4 4 WEEKLY
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    • 3 4
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    • 49 4 Dec 28 VALUE CLOSE -443.00 +225.0 BT OB/OS BT CADI -*****.00 +16.00 BT 10-day MA -*****.00 -44.00 All-SG Equities 957.85 -4.11 SG Equities Elect 101.79 +0.76 SG Equities Fin 2384.02 -22.75 SG Equities Prop 1309.49 -15.03 SiMSCI 418.54 -3.60 SiMSCI Future 417.40 -6.40 PrimePartnersCI 238.95 -0.59
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    • 50 4 VOLUME Diqiland 351,252,000 JES 300,117,000 FirstRes 98,501,000 FirstRes MEReCW*****8 92,110,000 Yanqzijianq 84,797,000 KTL Global 77,935,000 China Honqxinq 69,499,000 STXPOKW100 60,390,000 Biosensors 58,604,000 ChinaNTown 58,521,000 VALUE(S) DBSGrp 321,347,674 JES 216,392,165 SingTel 202,753,586 STXPOKW100 188,460,330 Yanqzijianq 169,644,210 CapitaLand 165,067,110 FirstRes 112,881,985 OCBC Bk 101,705,690 UOB 101,139,900 Golden Aqri 99,409,400
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    • 111 4 CLOSE UP 8160 405.2 3.6 GLD 10US$ JMH 2740 275.0 7.5 JSH 1574 136.0 6.4 STXPOKW100 351 73.0 26.3 China H 10US$ 2101 59.3 2.0 STI ETF 100 3680 55.0 1.5 Land 790 55.0 7.5 B Sembawa 1098 48.0 4.I STI ETF IOPV 3532.1 47.5 1.4 HK Land 501
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    • 117 4 Ciob Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 933 -68.0 -4.8 IS MSCI India 100 SGX 1304 -36.0 -2.7 CoscoCori iDBeCW*****5 18 -31.5 -63.6 Asia Pac Brew 1320 -30.0 -2.2 iooi 191 -22.0 -10.3 Dain irm 435 -21.7 -3.3 S I A
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    • 89 4 Where S$ stands Dec 28 CHNG CLOSE FR Dec 21 YR 2007 S$ LOW S$ HIGH USS 1.4466 0.31 1.5479 1.4363 Euro 2.1219 -0.88 2.1639 1.9913 Pounds 2.8899 -0.07 3.1194 2.9158 AS 1.2655 0.30 1.3555 1.1741 Yen* 1.2778 -0.60 1.3821 1.2285 Rupiah* 0.***** 0.04 0.***** 0.*****
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  • COMPANY NEWS
    • 663 5  -  YEN SREENIVASAN LAST week, Singapore Airlines announced a new service contract for its chief executive officer Chew Choon Seng. The airline also announced the promotion of its current senior vice-president for planning Mak Swee Wah to executive vice-president for operations and services, and appointed former Singapore
      663 words
    • 365 5  -  OH BOON PING $18.97 m deal follows share swap between Koh sibilings in January KOH Brothers Group and Brothers (Holdings) are terminating their deal over joint venture Construction Consortium. The companies said separately over the weekend that Construction Consortium would become
      365 words
    • 387 5  -  OH BOON PING CHINA Flexible Packaging Holdings, which produces biaxially oriented polypropylene (BOPP) film, has crossed one billion yuan (Ssl9B million) in sales for the year ended Oct 31. For its fourth quarter, net profit rose 9.66 per cent to reach
      387 words
    • 1320 6  -  ROBERT HALILI INSIDE MARKETS Busy insider market sees heavy buying, which was almost twice sell deals IT was a very active year for directors in the Singapore market with 379 firms that recorded 2,808 transactions worth $2.2 billion in 2007. Buyers outweighed sellers
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  • Page 5 Advertisements
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    • 16 5 w. A fliß Singapore AN E-MARKETPLACE BROUGHTTOYOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. ATiiS^g^ mm mLs*
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  • Page 6 Advertisements

  • SINGAPORE NEWS
    • 585 7  -  CHEN HUIFEN Number accepted doubles to 89; costs of some treatments to be published too By THE dental industry can expect several initiatives this year aimed at raising the standard of dental care services in Singapore. For a start, the sector can expect a boost
      FILE PHOTO  -  585 words
    • 109 7 HOW about a healthy dose of Olympic spirit to go with your Happy Meal? McDonald's will launch I special tray mats at more than 100 of its restaurants island-wide to celebrate the Olympic spirit, raise awareness and rally Singaporeans to support their country's
      109 words
  • Page 7 Advertisements
    • 60 7 A\ \^h rI HHHmNH! HPi M (j; Warn 1 Bull Sh Going for gold: McDonald's will launch special tray mats at its restaurants island-wide to rally S'poreans to support the 2010 YOG bid GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers.
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    • 1529 7 I JSSso I I I LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN that the undermentioned original share certificates RAMTRON OIL SINGAPORE have been reported lost or destroyed: PTELTD Name of Company Name of Shareholder Certificate Nos. No. of Shares MNMFMRFPc'vniIINTARY Jardine Cycle Harris Bin Mohd Salleh Y.B. Datuk *****548 1x165
      1,529 words

  • DINING OUT
    • 1387 8  -  Geoffrey Eu Jaime E& NEW RESTAURANT Dim Sake Bar Goodwood Park Hotel Tel: 6730-1825 AS HIS movies have proven, produc-er-director Eric Khoo has a flair for the dramatic, but he also has a taste for all kinds of good food. His interest
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  • Page 8 Advertisements
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 983 9  -  A good grasp of various investment approaches, their inherent risks and possible opportunities is crucial, says SERENE CHEONG AS THE old saying goes: "Never put all your eggs in one basket." And the wisdom is all the more apparent in the investment world, where diversification is
      983 words
    • 1213 9  -  CAMPUS LIFE After a number of false starts and much research, an amateur investor's perseverance finally pays off, FELDA CHAY reports IMAGINE this: The stock market opens, and you sit in front of your computer, staring very intently at the screen. The page before you
      ARTHUR LEE  -  1,213 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 cftTbank 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.
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  • ECONOMY WATCH
    • 740 10 Bloomberg Q3 data show it fell to record low as world's central banks sold US assets [WASHINGTON] The US dollar's share of global for-eign-exchange reserves fell to a record low in the third quarter as demand for US assets waned after the sub-prime mortgage
      ■ Bloomberg; AFP  -  740 words
    • 601 10 -Reuters [CHICAGO] Increasingly weak job growth is likely to dictate more interest-rate cuts from the Federal Reserve in the first quarter of 2008, regardless of an uptick in inflation. The Federal Open Market Committee's sin-gle-minded focus on the growth-vs-inflation mix has been
      -Reuters  -  601 words
    • 590 10 -AFP [TOKYO] Never mind the US sub-prime loan crisis, the main cause of Japan's lacklustre economic performance this year is entirely self-inflicted, according to analysts. While investors are crying out for less red tape, efforts by Japan's government to protect consumers and homeowners have taken the
      -AFP  -  590 words
    • 219 10 ■AFP [TOKYO] The Bank of Japan is considering slashing the nation's economic growth forecast for the fiscal year to March to as low as 1.3 per cent from its current 1.8 per cent, the Mainichi Shimbun reported yesterday. The expected downward revision is
      ■AFP  -  219 words
    • 666 10 Reuters [WASHINGTON] Unusually high global demand for US wheat, which has been boosted by purchases from Japan and lower output from major producers due to weather, should last into the middle of next year. Weather has slashed wheat production in the
      – Reuters; AFP  -  666 words
    • 424 10 Reuters [LONDON] British Prime Minister Gordon Brown said yesterday that his 2008 priority would be dealing with the global credit crunch and steering a stable course through the financial turbulence. "The global credit problem that started in America is now the most immediate
      – Reuters  -  424 words

  • MALAYSIA
    • 707 11  -  PAULINE NG MALAYSIA INSIGHT On the bourse, market finally breaks all-time closing high set 13 years ago FOR Malaysia, 2007 began with pregnant expectancy, the milestone year marking its 50th as an independent nation. And what a milestone year it has turned out to
      707 words
    • 318 11 [PETALING JAVA] The <\GM of Malaysian Mershant Marine Bhd (MMM) held today is expected to be a fiery one, says a report in Starßiz. It understands that there are concerns among minority shareholdars over the shipping company's performance. According to sources,
      BLOOMBERG  -  318 words
    • 1060 11  -  > S JAYASANKARAN By in Kuala Lumpur DESPITE some misgivings in his United Malays National Organisation (Umno), Prime Minister Abdullah Badawi is tipped to call a general election in the first quarter of 2008. Constitutionally, a poll must be called by April
      1,060 words
    • 2748 11 Transaction date: Dec 28 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 Sank Of E Asia Seida Jade Bird Jeijing
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  • GREATER CHINA
    • 734 12 Bitter row with China over offshore natural resources remains unresolved [QUFU, China] Japanese Prime Minister Yasuo Fukuda concluded a feel-good visit to China yesterday with a stop at the birthplace of Confucius, but the outlook for better relations could be dampened by his
      AP  -  734 words
    • 1117 12 "-NYT A video of the ethnic minority star's marriage proposal to France's Sarkozy sparks outrage YOU never know what to expect from Namu. She's a sex symbol who's written a best seller. She's a TV star and lingerie designer, an ex-model
      "-NYT; SCMP  -  1,117 words
    • 231 12 Reuters [BEIJING] China will impose tariffs of between 5 and 25 per cent on exports of some grains during 2008, the Finance Ministry said yesterday, in the latest measure aimed at discouraging sales abroad as domestic food prices soar. From
      Reuters  -  231 words
    • 399 12 -AP [BEIJING] China's top legislature adopted the country's first anti-drug law and approved the nomination of a new commerce minister on Saturday, a state news agency reported. Drug abuse is a growing problem across China, with much of the blame placed on opium flowing across
      -AP; REUTERS  -  399 words

  • INDIA
    • 802 13 AFP It is also expected to win its reported USs2b bid for Land Rover and Jaguar [NEW DELHI] India's giant Tata Group plans to launch the world's cheapest car early in January while also looking set to drive off with
      AFP  -  802 words
    • 717 13  -  ALISTAIR SCRUTTON Reuters [WAGAH, Pakistan-India border] Shouts of "The only superpower is Allah" rose to a crescendo as hundreds of bearded Pakistanis raised fists at Indians yards away. Across the two countries' border, the Indians retaliated with their own trademark anthem loud Bollywood music. Welcome
      ■ Reuters; ~^ AH*  -  717 words
    • 397 13 BANKS ABN AmroßankNV 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 NA 5
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    • 355 13 Bloomberg [NEW DELHI] Farmers in India, the world's sec-ond-biggest wheat grower, may harvest more of the crop following early planting and "good weather" in the main growing areas, lowering overseas purchases. The country may harvest more than 75 million tons of wheat during the March-April harvest,
      – Bloomberg  -  355 words
  • Page 13 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 834 14 -AP, Reuters, AFP PAKISTAN IN CRISIS Likely delay for upcoming election, says official of former ruling party [ISLAMABAD] Benazir Bhutto's party appointed her son and her husband to succeed the slain Pakistani opposition leader yesterday. Meanwhile, a senior official of the former ruling
      -AP, Reuters, AFP; REUTERS PHOTOS  -  834 words
    • 644 14 [KARACHI] Pakistan's stocks are set to tumble today as the political turmoil and violence unleashed after the killing of former prime minister Benazir Bhutto threatens to scare off foreign investors and damage the economy. Ms Bhutto was assassinated on Thursday ahead of elections scheduled for
      644 words
    • 473 14 ■AP [BANGKOK] Thailand's Election Commission announced yesterday that it has overturned the victories of three candidates from a party allied with deposed Prime Minister Thaksin Shinawatra due to charges of vote-buying in the Dec 23 general elections. The commission's move, which must be
      ■AP  -  473 words
    • 411 14 Reuters [SEOUL] North Korea appears almost certain to miss a deadline in a nuclear deal, a development that is unlikely to scuttle the dis-armament-for-aid pact it reached with regional powers but could hamper its implementation. Pyongyang has met one part
      Reuters  -  411 words

  • WORLD
    • 682 15 Reuters More volatility is not necessarily a harbinger of lower prices: analysts [CHICAGO] Stock market volatility returned with a vengeance in 2007 and is not going away any time soon. The rise in volatility was reflected in the kind of year financial
      – Reuters  -  682 words
    • 336 15 Bloomberg [BOSTON] SLM Corp, the biggest US educational lender, raised at least US$3 billion after increasing the size of stock sales, allowing the company to pay off sharebuyback contracts and shore up its finances. SLM, known as Sallie Mac, obtained at least
      Bloomberg  -  336 words
    • 602 15 -AFP [PARIS] French smokers have just a few more hours to indulge their habit in public before the country joins several of its neighbours on Wednesday in imposing a complete tobacco ban in bars, restaurants and nightclubs. What was long
      -AFP; REUTERS  -  602 words
    • 513 15 Reuters [MOSCOW/LONDON] Hopes are high that political pragmatism will hold together gas price deals between Russia and its former satellites, lifting the threat of supply cuts for the first new year since January 2005. Moscow is particularly wary of a damaging rift with
      Reuters; AFP  -  513 words
    • 151 15 Bloomberg [LONDON] Royal Dutch Shell Pic may cut as many as 3,600 staff in its information-technology division and hire other companies for the work, the Sunday Telegraph reported yesterday without saying where it got the information. London-based Shell decided to contract out most
      – Bloomberg  -  151 words
    • 757 15 -LAT The number of Manhattan homes sold is down sharply [NEW YORK] Like a lot of New Yorkers, Peter Poulakakos is holding his breath. His legendary Wall Street restaurant, Harry's Cafe Steak, relies heavily on the normally free-spend-ing financial industry, and
      -LAT  -  757 words

  • FOCUS: YEAR AHEAD
    • 931 16  -  MICHAEL R SESIT Projections of USs6sob losses from the credit crunch tell only part of the story IN this season of stock taking, the picture past and future for financial markets is far from pretty. The reason? Sub-prime. If you didn't know what sub-prime
      REUTERS  -  931 words
    • 666 16 -AFP Next year's headlines will belong to the candidates as a potentially historic White House race heats up AN enthralling and potentially historic White House race is grabbing the spotlight as 2008 looms, after a US political year of acrimony, congressional gridlock, and snarling
      -AFP; REUTERS  -  666 words
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  • SHIPPING/AVIATION
    • 300 17 Bloomberg They may carry extra food and water on flights from New York [CHICAGO] US airlines may carry extra food and water on flights from New York as they prepare for the state's "passenger rights" law that takes effect tomorrow. The
      – Bloomberg  -  300 words
    • 211 17 [COPENHAGEN] AP Moller-Maersk's shipping line, the world's largest, will raise prices for carrying containers from North America to East Asia to compensate for higher fuel costs and to also take advantage of higher demand. Maersk Line will increase the price for shipping standard 20-foot containers (TEU)
      FILE PHOTO  -  211 words
    • 191 17 Reuters [ROME] The Italian government gave its backing to Alitalia starting talks with larger rival Air France-KLM on Friday, paving the way for the French carrier to pursue a takeover of the ailing carrier. Alitalia's board had already chosen Air France as
      Reuters  -  191 words
    • TRANSPORT STOCKS
      • 114 17 '000 )ec CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KiVentures Keppel Corp Labroy Marine MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.80 0.39 5.83
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      • 37 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 1.15 9.90 9.90 4 44 3.02 0.24 0.20 -0.01 0.10 unch unch 0.04 -0.01 -0.01 153 160 92 732 108 20 51
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      • 12 17 '00 'recious Ship Regional Cont .29.00 .29.75 0.50 0.75 176) 97;
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      • 6 17 '000 toil .57.35 -0.25 421
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      • 22 17 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.90 45.50 2.00 unch unch 1.00 -0.18 unch 4116 751 123 0
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      • 20 17 Evergreen Marine ....28.30 :irst Steamship 71.10 Wan Hai Lines 28.90 fang Ming Marine...24.80 0.40 2.10 -0.25 0.30 1 1
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      • 37 17 '000 )ec fen :awasaki Hvylnd ..331.00 -12.00 7073 :awasaki Kisen ....1098.00 -28.00 3131 /litsubishi Hvy 481.00 -14.00 ***** /litsui Eng&Sbldg...436.00 -11.00 3212 /litsuiOsk Lines ...1426.00 -26.00 3609 lippon Express 575.00 -9.00 2045 lipponYusen 888.00 -7.00 4242
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    • 178 17 ■AFP [PARIS] The European aircraft manufacturer Airbus has largely surpassed its 2007 cost-cutting target and could end the year with savings of as much as 400 million euros (*****.7 million), the newspaper Les Echos reported over the weekend. An Airbus spokeswoman refused to comment on the
      ■AFP; AP  -  178 words
    • 106 17 -Bloomberg [HONG KONG] Harbour Centre Development Ltd, a unit of Hong Kong landlord and port operator Wharf Holdings Ltd, acquired a building site in the Chinese city of Changzhou for 1.47 billion yuan (Ss29o million) through an auction. The site has
      -Bloomberg  -  106 words
    • 2409 17 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 ttd Co (BAW), BG Bir sar,glade:h Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), »ays
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    • 192 17 AFP [TOKYO] Japan Airlines (JAL) said on Friday it was keeping its options open on balance sheet restructuring following reports the carrier hopes to get a US$l.3 billion cash injection. The Nikkei business daily reported the airline will call for a capital
      AFP  -  192 words
  • Page 17 Miscellaneous
    • 374 17 CRYPTIC CROSSWORD ACROSS nlf l [3 1 15 I[gl[7 I lg 1 Place in office for Stalin bust (6) 1 4 Onewho didn't strike Shake- speare as a sword carrier (8) 9 Journey to the game (6) H H^^B l^lfl l^lfl l\H 10 Silver went after gold in this H
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  • SINGAPORE STOCKS
    • 211 18 All. ireen 0.45 1.480 Ascendasreit 0.87 2.390 -0.010 iComm 0.48 2.370 -0.070 iLand 4.04 6.210 -0.190 CapitaMall 0.97 3.450 +0.030 Chart SemiCond 0.52 0.970 CityDev 2.68 13.980 -0.180 ComfortDelGro 1.23 1.750 -0.010 Cosco Con 1.92 5.830 -0.140 Creative Tech 0.16 6.300 -0.060 IBS Gr| 9.28 20.720
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    • 96 18 Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 6 2 OOP 10 6 2 Manufacturini 126 65 43 27 153 73 52 Commerce 47 15 19 55 21 25 r/C. 23 14 25 16 Finance 26 27 Construction 15 20 ■roi ies 35
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    • 121 18 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 36.406 36.406 161.282 161.282 Manufacture 1.100.140 171.968 1.272.108 1.087.352 34.057 1.121.409 Commerce 603.208 10.418 613.626 165.245 165 167.410 223.467 3.068 226.535 623.091 2.640 625.731 Finance 95.070 48 95.118 677.202 11 677.213 Construction 149.975 29.437 179.412 65.083 3.363 68.446 Pro|
      121 words
    • 8480 18 Week ended: Dec 28 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 5716 1st Software 22 8 3148 STelecom 34 15.5 5834 A-Sonic 104 98 6389 ABF SG Bond ETF 29 15ii is i£u c°:<:. 42 10.4 2101 APOil 141 91.5 5550 ARA
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    • 72 18 _Hm Low Code Com Sale Cooo) _Hm Low Bu' Seller C'vr P/E 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 3983 2975 6235 STI ETF 100 3977.9 2962.9 6236 STI ETF
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    • 2250 18 52-Wk Tel High Low Code Last Sale Vol C000) Day Last Quote Div GrYld Net MCaj Low Buyer Seller C'vr P/E $mi Comi Hii 30 11.5 1181 s AAGrp 41.5 20.5 5000 s ABR Hldgs 31 21.5 8538 s APStrategic 16.5 2.5 1501 s Advanced System 70.5 15
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    • 260 18 1 CTnff -MTK I train. SIOCK PRICES LEGEND: stra/ts Tlmes lndex stocfa; s Cata /St Won sponsored; t CataUst N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri aright issue; xbi issue x a ll
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  • FINANCE & COMMODITIES
    • 371 19 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 28 World Index Preliminan 1136.7 0.0 3.3 0.2 1.5 0.4 7.6 EAFE Preliminan 1121.0 -0.3 1.2 0.1 2.5 0.4 8.7 Euri Preliminan 1545.5 0.0
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    • 133 19 As q a m Dec2B ÜBC^ Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2610 1.2760 Can dollar 1.4680 1.4860 Euro 2.1020 2.1270 NZ dollar 1.1090 1.1330 Sterlin ind 2.8760 2.9080 US dollar 1.4400 1.4560 Local dollars to 100 units of
      133 words
    • 160 19 I Dec 28 Overnight 3/8 1 -month 2 2-months 2 3/16 3-months 2 3/8 Overnight mode: 0.35 USS Offer 1/4 1 7/8 2 1/16 2 1/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 4.52 4.70 4.75 4.85 4.78 4.60
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    • 25 19 Dec 28 ten Hji Sett STI SIMSCI Jan 419.3 421.2 417.1 Taiwan Jan 325.5 333.8 330.3 Source: MF Global (S) Pte. Ltd
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    • 21 19 Dec 28 Bid Offer 1-month 1.4433 1.4445 2-months 1.4407 1.442 3-months 1.4385 1.4398 6-months 1.4319 1.4334 Source: OCBC
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    • 153 19 Dec 28 Currencies Bid Offer Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.2663 1.2678 0.8750 0.8754 Canadian dollar 1.4748 1.4765 1.0191 1.0196 Euro 2.1196 2.1212 1.4646 1.4647 NZ dollar 1.1204 1.1219 0.7742 0.7747 Sterlim 2.8901 2.8926 1.9970 1.997. US dollar 1.4472 1.4482 S$IUS$
      153 words
    • 349 19 Dec 28 EURODOLLAR FUTURES Mar08 Jun08 Sep08 Dec08 95.680 96.145 96.385 96.490 0 0 0 0 ***** ***** 7018 2617 EUROYEN FUTURES Mar08 99.250 99.250 Jun08 99.290 99.290 Sep08 99.240 99.250B Dec08 99.200 99.200 Mar09 99.135B Jun09 99.060B Sep09 Dec09 99.250 99.290 99.240 99.190 99.250 99.285 99.240
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    • 276 19 Dec 28 KUbbbK 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 08 377.00 380.25 383.50 391.75 394.25 394.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      276 words
    • 102 19 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 08 1207.75 1212.50 1229.50 1202.25 Mar 08 1223.00 1231.50 1248.00 1216.00 May 08 1240.50 1248.00 1263.50 1236.00 Jul 08 1246.50 1255.00 1272.00 1240.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 08 48.83 48.74 49.22 48.80 Mar 08
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    • 78 19 CRUDE OIL PRODUCTS D ec 2 7 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 95.29 1.09 WTI (Near Mth) 96.86 0.99 Dubai (1-Mth F) 87.84 0.29 Tapis blend 98.55 0.65 Minas 96.8 0.55 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 95.32 108.10 1.42 0.85 USS/barrel
      78 words
    • 468 19 Dec 28 AS CS Rmb Euro HKS Ind Rs Ru| Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.859 6.392 0.598 6.826 34.514 82.352 0.990 8.192 2.903 1.130 53.737 36.128 1.267 5.990 0.994 28.446 29.503 0.438 0.875 Canada 1.165 7.444
      468 words
    • 91 19 Dec 18 Dec 28 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 1.95 1.98 1.87 1.87 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
      91 words
    • 76 19 Dec 28 (US$) (SS) 4.***** 2.***** 1 mth 2 mths 4.***** 2.***** 3 mths 4.***** 2.***** 6 mths 4.***** 2.***** 9 mths 4.***** 2.***** 12 mths 4.***** 2.***** SWAP Offer rates (S$) 1 mth 1.***** 2mths 2.***** 3mths 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** SWAP
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    • 64 19 n KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Jan 08 3116 3111 3130 3104 501 3263 Feb 08 3114 3118 3140 3114 796 9155 Mar08 3115 3125 3141 3110 3990 ***** Apr 08 3115 3115 3129 3101
      64 words
    • 161 19 n Dec 28 Hong Kong 824.00 822.00 825.00 823.00 Dec 27 Dec 28 London 829.00 836.30 829.80 837.00 Source: Reuters (SS) Selling Buying 1 oz 1338.57 1203 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $469.73 385 SILVER Selling Buying (SS). Sellini Bu rim $469.73 Selling 385 Buying
      161 words
    • 58 19 Dec 28 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2367.80 3 months 2418.00 Copper, Grade A (USS/tonne) Cash 3 months 6800.00 6830.00 Lead (USS/tonne) Cash 2572.00 3 months 2570.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 Tin (USS/tonne) Cash 3 months *****.00 *****.00 Zinc, Sped. il High Grade
      58 words
    • 82 19 Dec 28 (£/tonne) Close Prev Hii ih/Low Mar 08 1049 1058 1057/1043 May 08 1067 1075 1069/1061 Jul 08 1096 1103 1098/1089 Sep 08 1078 1086 1081/1073 COFFEE (USS/tonne) Close Pev High/Low Jan 08 1850 1831 1868/1830 Mar 08 1889 1872 1910/1870 May 08 1912 1894 1930/1905 Jul 08
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    • 3477 19 BOND WARRNTS Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or- ('000) Ratio Price ing Left 3747 Allgreen RB ECW*****1 9 40 0.5 163 3 8798 Ascendas REIT SGA ECW*****3 9.5 -6.5 ***** 1 248 3 1436 AusGroup MBL ECW*****4 10 0.5
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  • Page 20 Advertisements
    • 3091 20 j-. The Business Times Shipping times M i^^B RPP 4«G ft I WAN HAI INTERNATIONAL PTE LTD crn0:**********0/r A T,^^ K\J&B|S9jSSi| ifcßWf¥^friTfWriVlif'fi*l"iliiilß ■■>>>■ ■■>■ TEL *****588 (14LINES) FAX:*****163 1 V V Z>^l |llFhi\*l ll ■HfJHGHKSHPSSWHSB \.\M\ IA/AM II AI INF\ Customer S«tvi<«/Bookin^ Direct Line (1800) *****200 WgNXgWH^^^kg^W^M B^O.KirX'i!.l!£nyl'r7T'tO V, »»__V
      3,091 words

  • Page 21 Advertisements
    • 2919 21 Q\SYj W -flj II .J^Sfe* V" Ily*■ 1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS /^ZsSbMC^vla I't^wS^^. Is^is/Wnp l^j l|mmjJ(JJ^^J M VOY Rgmp(KT) Lilting(KT) SIN PKL PNN JKT LCB MNL ~^i*Zl£^^ V^^m i y^f^"—— "^jltnPi r^^BtoJH II ESTRELIA ETERNA 157 60 16/01 I 18/01 I I I msoacqpiing Fa
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  • Page 22 Advertisements
    • 3080 22 ■^^^■^■^■^KHH I Ipg A NDERSENJ M6s™S™| Fiji glory navigation groupl B'^V'l I shipping company/ 70 Shenton Way, #21-03 Marina House Singapore *****8 f&&^\ NORTH WcbT bXrKbbb LINE umiKl »iuiiniiic owns operates the youngest fleet ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■^■■■■■■■■■■■^■■■■■■■■■PHHIHMHII MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DaTEX a« aHIvaI DaTEX WITH l|aiaMMtt^Ji^UiMaUj*i^illtt*^^aii^MMa^tMi^affia^tMfaaMMii^Jll [VESSEL I
      3,080 words

  • Page 23 Advertisements
    • 3556 23 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
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  • BizIT
    • 871 24 AMI says 7.6% growth in IT spend good for mature Singapore economy, writes AMIT ROY CHOUDHURY SMALL and medi-um-sized businesses (SMBs) in Singapore are on track to spend as much as US$2 billion on information technology in 2008, up a healthy
      871 words
    • <what's up>
      • 106 24 AVAILABLE in yellow, silver, pink, black and white is a new range of laptop PCs from Singapore-based Suzuki Technology. Priced from $950 to $1,699, the laptops are available in four models the Executive, Professional, Value and Multimedia series and in three screen sizes 12-inch, 14-inch
        106 words
      • 55 24 US-BASED IT infrastructure services firm Sawis has expanded its data centre hosting operations in Singapore after acquiring Geo-Tele's data centre facility at Tai Seng Drive. The centre will offer services such as application hosting, utility computing and managed network services. Sawis recently signed a proximity hosting
        55 words
      • 60 24 TARGETED at high-end consumers so-called prosumers and small businesses which need more storage space are Netgear's new range of network-attached storage (NAS). Offering storage capacities ranging from 1.5T8 to 4TB, the Netgear ReadyNAS NV+ family features five-year warranties and advanced management features. List prices start
        60 words
      • 81 24 EXUDING fun rather than work are the Paris Case (pictured), Deluxe Tote and Prague Backpack a new range of chic laptop bags for women executives from laptop accessories specialist Targus. Designed to fit 14-inch laptops and retailing for $99.90, $89.90 and $109.90 respectively, the bags are part
        81 words
      • 95 24 OPEN source software vendor Red Hat has released Red Hat Enterprise Linux 5.1, the latest version of its flagship operating system. At centrestage is the bundled virtualisation software, which has been improved to support more server environments, including xB6, xB6-64, POWER, Itanium and mainframe servers.
        95 words
    • 851 24  -  MARK STEELE &lt;you say&gt; People want and need to know precisely where they are By wireless applications can enable other consumers to provide immediate updates on traffic accidents, unexpected road closures or even add a restaurant review. What may surprise some developers and application providers
      851 words
    • 859 24  -  ONG BOON KIAT By WITH ongoing turbulence in the global financial markets and rising energy costs, IT managers are likely to embark on the new year facing tight budgets and having to grapple with energy-mitigating technologies. On the bright side, rapid innovation in connectivity
      859 words
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