The Business Times, 14 January 2008

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Total Pages: 30
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia! .com.sg WW A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Monday, January 14,2008
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  • 724 1  -  ARTHUR SIM They are a concern for leisure travel sector; the going may get tougher for Mice operators also By [SINGAPORE] The average daily hotel room rate for 2007 is expected to have hit a record $200. And although 2,000 new rooms
    724 words
  • MARKETS DIGEST
    • 54 1 Weekly Change 3,287.34 -150.45 iT Index I COMP 1,516.22 +49.55 IIKKEI225 14,110.79 -580.62 JANG SENG 26,867.01 -652.68 ;et INDEX 796.47 -25.24 JAKARTA COMP 2,830.26 +65.07 1ANILACOMP 3,503.70 +24.33 ;eoulcomp 1,782.27 -81.63 ;henzhen B 721.85 -0.25 IUMBAI IND 20,827.45 +140.56 )OW 12,606.30 -193.88 IAS DAI 2,439.94 -64.71 ;&P 500 1,401.02
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    • 29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.50 INDONESIA 15.483 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.75 CANADA 6.25 SWITZERLAND 4.08 INDIA 12.75 Source: Bloomberg
      Bloomberg  -  29 words
    • 34 1 (US$/S$ per 1.953 2.791 :URO(US$/S$/E) 1.480 2.115 'EN 108.90 76.2 3.259 2.28I IK$ 7.803 5.45! !AHT 33.16 23.2' 1UPIAH 9,433 6,59! 1ENMINBI 7.263 5.082 INDIAN RUPEE 39.29 27.4! 1.116 0.781 IZ$ 1.274 0.891
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  • 494 1  -  UMA SHANKARI Analysts estimate $24 billion worth of contracts were inked in 2007 By [SINGAPORE] Construction demand in 2007 exceeded official estimates and is likely to have hit $24 billion, analysts said. At present, the official forecast for last year's construction demand is $19-$22
    DESMOND FOO/THE STRAITS TIMES  -  494 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 76 1 I PZLA POWER LUNCH PRIVATE EQUITY BizlT |M LL N Ai V Game for nearly India tops Asian S'pore an attractive t I 1 Who's backing everything league in 2007 outsourcing hub: HP V/ the bid page 12 Bf^^T PAGE 15 PAGE 4 PAGE 28 JlO IHrMKMllHiyWHaiaaia Views from the
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  • TOP STORIES
    • 846 2  -  ANDREW MARKS WALL STREET INSIGHT Earnings, economic reports ahead add to worries over US economy's health By IT was another dizzying and harrowing week for US stocks, and with Wall Street's perception of the economy's health turning sour, investors should brace for more of
      AP  -  846 words
    • THREE-MINUTE DIGEST
      • 52 2 IT was another dizzying and harrowing week for US stocks, and with Wall Street's perception of the economy's health souring, investors should brace for more of the same in the coming week, ahead of a wave of earnings and economic reports. TOP STORIES,
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      • 74 2 INDIA topped the Asian private equity league last year, closely followed by China, according to the January 2008 issue of Asia Private Equity Review. The Hong Kong based publication revealed that in 2007, India recorded the largest number of deals (290), as well as
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      • 76 2 ORNAMENTAL fish company Qian Hu will kickstart the full-year results season today, as it releases its financial performance information this evening. The group is expected to do well for FY2007, having already reported a 92.8 per cent surge in its nine-month net
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      • 68 2 WITH a new name and a new group president, E3 Holdings is also embarking on a new strategy to revitalise the struggling company. The former Ei-Nets Holdings will be pushing aggressively into China, focusing on real estate in the North-east region as
        68 words
      • 74 2 HEALTH Minister Khaw Boon Wan yesterday revealed that the differentiated subsidies for patients with varying incomes could be calibrated on a graduated scale, under the means-testing framework that his ministry is working on. And that scale could be narrowly differentiated, such that
        74 words
      • 71 2 THE euro's gains are harming the economy of the 15 nations sharing the currency and may exacerbate a forecast slowdown in growth, European officials said. "We cannot live with a euro at this level with three other currencies which are weak," France's European
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      • 34 2 CHINESE policy makers will have a tough time in 2008 battling inflation, excess liquidity and rapid investment, Vice-Finance Minister Li Yong said yesterday. GREATER CHINA, PAGE 19
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      • 62 2 DESPITE the growth of India as a major outsourcing destination, Singapore still remains an attractive place to operate out of, according to Hewlett Packard's global boss for outsourcing. Bob Pryor, HP senior vice-president general manager for outsourcing services, noted that one of Singapore's biggest
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    • 648 2  -  CHUANG PECK MING Spore equities the largest part of their Asian portfolios By [SINGAPORE] Measured by its share of local market capitalisation, American investors' holdings of Singapore equities are the largest in their Asian portfolios. They piled up U5543.91 billion worth of
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    • 369 4  -  VIKRAM KHANNA It records largest number of deals (290), and highest deal value (USs9.9b): APER By [SINGAPORE] India topped the Asian private equity league last year, closely followed by China, according to the January 2008 issue of Asia Private Equity Review (APER). The
      : Asia Private Equity Review, January 2008  -  369 words
    • 561 4  -  CHUANG PECK MING Workers here driven by type of work, career potential also By [SINGAPORE] Money does not count for everything, a survey of employees has found. Respect, type of work and career potential are more important than variable pay and
      561 words
  • Page 2 Advertisements
    • 1419 2 I !_3__ IM SRI I ASIA PAC,FIC BREWERIES LIMITED |h") jg (Company Registration No. *****0007K) 5 M (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Asia Pacific Breweries Limited ("APBL" or the "Company') will be held
      1,419 words
    • 9 2 people t Corporate VVOrK matchmakers. www.thepeopleatwork.com Asia-Pacific Executive Search
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  • Page 3 Advertisements
    • 207 3 Our buildings can be in any design so long as they are 'green. XV m\\% _Vm_\_Ymvi^Skma\\vOvBj-\ WM|k Sfl QKwfl *w^ M f fcBBPM KW^^)^ J^Wk^fcWBBSI t^*^4*m>vTW&r WOS&VJm9Bmb& L^PM>f We are proud to achieve the ISO ***** certification for our environmental management system. At Capita Land, our commitment to the environment
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  • Page 4 Advertisements
    • 1560 4 MERMAID MARITIME PUBLIC COMPANY LIMITED (Incorporated in the Kingdom of Thailand) (Company Registration No.: **********017) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Shareholders of Mermaid Maritime Public Company Limited ("Company") will be held at Arnoma I Room, 3rd Floor, 99 Rajdamri
      1,560 words

  • COMPANY NEWS
    • 448 5  -  CHEN HUIFEN Oil and gas plays, real estate likely to do well but housing mess may hit banks By ORNAMENTAL fish company Qian Hu will kickstart the full-year results season today, as it releases its financial performance information this evening.
      448 words
    • 237 5 Bloomberg [DUSSELDORF] TUI AG, Europe's largest travel company and owner of the Hapag-Lloyd shipping line, denied a report that it is in merger talks with Neptune Orient Lines Ltd, operator of South-east Asia's largest container shipping business. "There are no negotiations going
      ■ Bloomberg  -  237 words
    • 206 5 MAPLETREE Logistics Trust (MapletreeLog) yesterday said it has agreed to acquire a warehouse in South Korea for 11.6 billion won (5517.7 million), which will add 0.02 Singapore cents to its pro-forma distribution per unit. The property is a two-storey warehouse/ distribution centre located in
      206 words
    • SINGAPORE MARKETS
      • 692 6  -  R SIVANITHY STOCKS YOU'D have to wonder if the US Federal Reserve would bow to market and undoubtedly political pressures and cut interest rates before its Jan 30 Federal Open Markets Committee (FOMC) meeting. With oil still close
        692 words
      • 454 6 -AFP CURRENCIES [HONG KONG] Asian currencies ended the week mostly higher against the dollar on expectations that the US Federal Reserve will further trim interest rates amid lingering fears over a recession in the US economy. Japanese yen: The yen jumped back against the
        -AFP  -  454 words
      • 302 6 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); (ay) First and Final Tax Exempt;
        302 words
      • 504 6 -AFP COMMODITIES [LONDON] Gold prices hit fresh record highs above US$9OO an ounce last week but oil tumbled further from recent historic peaks as markets focused on unease about the weakening US economy. Platinum struck an all-time high for the second week running.
        -AFP  -  504 words
      • 1919 6 Source: Reuters recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name \llco Commercial REIT 1.60 1.60 5 5.49 15.76 1.56 0.88 .II' ireen Pro Ltd 2.90 2.90 10 9.21 14.66 1.79 1.37 .rnara Hide js Ltd 1.33 1.33 1.23 55.14 1.10
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      • 4 6 WEEKLY
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      • 51 6 Jan 11 VALUE CLOSE -906.00-209.00 BT OB/OS BT CADI -*****.00-286.00 BT 10-day MA -*****.00 -90.00 FTSE ST Mid Cap 846.20 -4.82 FTSE ST Small Cap 807.42 -14.29 FTSE ST All Share 857.47 -7.17 FTSE ST China 694.04 -23.28 SIMSCI 401.42 -2.09 SIMSCI Futures 400.30 -3.40 PrimePartnersCI 218.95
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      • 55 6 Clob FirstRes MEReCW/*****8 267,472,000 FirstRes 261,788,000 JES 201,199,000 JiutianC 191,467,000 Yam izij iam 161,386,000 KTL Global 140,328,000 Sim iTel 136,450,000 lire 132,136,000 iscott Gri 130,687,000 Ca ilanDBeCW*****6A 124,592,000 VALUE(S) Sini iTel 527,317,380 DBSGri 495,602,651 UOB 466,739,948 .and 458,500,402 SGX 455,138,502 FirstRes 442,667,640 STXPOKW100 353,318,636 Kei Con 337,657,752
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      • 104 6 CLOSE UP 8910 500.1 4.1 GLD 10US$ Jardine C&C 2196 116.0 5.6 Straits Trdi 566 70.0 14.1 Ascott G 172 51.0 42.1 En. Wah 119 49.0 70.0 WilmarDBeCW*****1 111 46.5 72.1 Olam 308 22.0 7.7 IS MSCI India 100 1014 21.4 1.5 StraitsAsia 314 16.0 5.4 STI 3400SGAePW*****0 43.5
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      • 110 6 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 1110-168.0 -13.1 SGX Venture Con 1080-152.0 -12. JMH 2750-142.9 -3.5 At 1246-108.0 -8.i STI ETF IOPV 3430.5 -93.4 -2.7 UOB 1874 -92.0 -4.7 Sembawam 1000 -72.0 -6.7 S I A 1630 -66.0 -3.9 iBS Gr|
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      • 85 6 (an 11 %CHNG CLOSE FR Jan 10 YR 2008/07 S$ LOW S$ HIGH USS 1.4315 0.07 1.5479 1.4303 Euro 2.1146 -0.54 2.1639 1.9913 Pounds 2.7943 0.39 3.1194 2.7885® AS 1.2812 -1.09 1.3555 1.1741 Yen* 1.3133 -0.78 1.3821 1.2285 Rupiah* 0.***** 0.07 0.***** 0.***** Baht* 4.3209 -0.02
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    • 827 7  -  R SIVANITHY HOCK LOCK SIEW By T IS an undisputed fact of commerIcial life that everyone has to pay for service. This is all the more so if the service in question is vital to the proper conduct of one's business. Unfortunately, this
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    • 687 7  -  CHEW XIANG Former Ei-Nets Hldgs focusing on property, infocomm and solar energy By WITH a new name and a new group president, E3 Holdings is embarking on a new strategy to revitalise the struggling company. The former Ei-Nets
      LIANHE ZAOBAO  -  687 words
    • 1475 8  -  TEH HOOI LING LAST week continued to be a difficult week for stocks. All our portfolios ended weaker. But the heartening thing was two of the portfolios managed to cap their losses to less than the 4.4 per cent decline of the
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    • 1177 8 INSIDE MARKETS Buyback activity also high with 12 firms posting 45 repurchases worth 12.4 m CORPORATE shareholders got more active in the second week of January as 52 companies recorded 166 trades, based on filings with the Singapore Exchange from Jan sto
      KHBLJ FILE PHOTO  -  1,177 words
  • Page 5 Advertisements
    • 23 5 Have something to get off your chest? Contribute to the forum pages of the new, bilingual my paper SEND YOUR E-MAIL TO myp@sph.com.sg
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    • 128 5 If you are in any of these situations: v^^^^^^S You are entrusted to set up new business in Singapore, either with overseas or local partners, and don't know how and where to begin You want to focus on growing your business, you need a trusted partner to help keep watch
      128 words


  • Page 7 Advertisements
    • 161 7 ,j_l_^_\ _d_\ Rt jß^' _U -^|m *o% u~ ■■■■•■■ii«i in j^^ 1. m jom, f M s-g:::;::::::: 5 At Hitachi, our philosophy is to contribute to society with technologies to overcome today's challenges. That's why we've made it our responsibility to develop inspiring innovations to touch every aspect of life
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  • Page 9 Advertisements
    • 401 9 Advertisement Audi R8 is ST Car Of The Year steals hearts for its performance, design and driveability Christopher Tan W M SENIOR CORRESPONDENT I THE panel for The Straits Times Car Of The Year has never arrived at a unanimous vote, /fc-%^ '~~'j~ '^K. but this year's winner came close
      401 words

  • VIEWS FROM THE TOP
    • 3953 10 THIS WEEK'S TOPIC What needs to be done in the key areas identified by Prime Minister Lee Hsien Loong, namely, healthcare, land transport and education? HEALTHCARE Sanjay Prabhakaran Director, South-east Asia Baxter Healthcare (Asia) Pte Ltd PM Lee is spot on when he said in his
      STOCKXPERT  -  3,953 words

  • Page 11 Advertisements
    • 421 11 SG Ph^Bb( 12% Notes Series 9 SG PhOGDIX 16% Notes Series 10 «i>«n> ?»> KtWk «>,:> r«ji yi^ sfcifaiTTEH^tmn nnn^ <ii^ «^n:»jiii^ii»f^> »^i j-jil afosMEU fil.illfllUn toum* i. f iramiy .iiwure* (M--1..U yi.,» im^in^m fIS-w. .-a ll'l^l': 3 Distributors: DMG Partners Securities Pte Ltd. Kirn Eng Securities Pte. Ltd. OCBC
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  • SINGAPORE NEWS
    • 536 12  -  CHEN HUIFEN Under means-testing scheme, difference can be just one percentage point By HEALTH Minister Khaw Boon Wan yesterday revealed that the differentiated subsidies for patients with varying incomes could be calibrated on a graduated scale under the means-testing framework his ministry is
      536 words
    • 119 12 THE National University of Singapore (NUS) has announced that its president Shih Choon Fong will be leaving the institution to become the founding president of Saudi Arabia's King Abdullah University of Science and Technology (KAUST) by end-2008. Prof Shih became president
      119 words
    • 190 12 OLD Chang Kee is doing its bit to help Singapore's bid to host the inaugural Youth Olympic Games (YOG) in 2010 distributing 40,000 Old Chang Kee paper bags bearing the "Support Singapore 2010" logo to patrons with their purchases daily. That translates to
      190 words
    • 215 12 THE Straits Times School Pocket Money Fund raised $3.68 million last year $400,000 more than the year before and the highest amount since it was launched in 2000. The fund, set up by The Straits Times and the National Council of Social Service, helps needy
      215 words
    • 270 12  -  CHEN HUIFEN By CHANGI Airports International (CAI) yesterday announced that it has emerged as the preferred bidder to manage and operate Saudi Arabia's King Fahd International Airport. Located in Damman, the airport is positioned as the gateway to the eastern province of
      270 words
  • Page 12 Advertisements
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    • 6 12 OldChangKee £fi& Supporting Singapore: V Olympic
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  • Page 13 Advertisements
    • 6760 13 sis ia ao! Ap'5i"":"::;;v:v:::::=::rsI LU +r tola 25" "is il H:I 30- 5 20 X™» -°-5 79 225 22 79.3 3 a§ ans 5mp^::iz\v.::.:.:.:::...z;.:22 ss -79 22.S 22 -5:5 j.! ic 7c ami osanrn Q5 iq n« Murata 54.5 0.5 130.7 135 Murata 54.5 0.5 130.7 185 11 IJZ SljhSk
      6,760 words

  • DINING OUT
    • 538 14  -  Geoffrey Eu GUEST CHEF The Cliff The Sentosa Resort Spa Tel: 6371 1425 The modern culinary style a movement towards cleaner, lighter and produce-driven dishes in a more informal environment is near übiquitous these days and young, highly talented chefs in kitchen capitals across the
      538 words
  • Page 14 Advertisements
    • 529 14 LUAUKY Aw Am i-^L4-si^^Ciiv'Xß Wb f She whispered, "Fling it." I asked, "How high?" HauienLo (21 January to 22 February) That evening, the sumptuous presentation vied for my attention with the magnificent city views at Hai Tien Lo; the Glitter Abalone and Cobia Fish Yu Sheng pleased even my visiting
      529 words

  • DINING OUT WITH citibank
    • 840 15  -  JAIME EE POWER Lunch By GROWING up in Melbourne, Sandra Chu developed an affinity for the laid back Australian cafe culture that still shapes her dining choices when she gets together with friends. Having said that, the founder, executive director
      ARTHUR LEE  -  840 words
    • 544 15  -  Jaime Ec RESTAURANT REVAMP Inagiku Fairmont Singapore 80 Bras Basah Road Tel: 6431 6203 THE former Raffles The Plaza may have been renamed and rebranded, but even before the new letterheads were printed, its Japanese restaurant Inagiku had already undergone its own revamp and the result is
      544 words
  • Page 15 Advertisements
    • 30 15 Brought to you by citibank citi ©iw cit \t I I I^^V f m iis- s M :w SBE'rv ri Your Citibank guide to gourmet pleasures this week J^-J U
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    • 33 15 For dining reservations and enquiries, please call 6826 8240 or visit panpacific.com/singapore Indulge in over 600 gourmet pleasures with your Citibank credit card. For more details on the privileges, log on to citibank.com.sg
      33 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1058 16 Check out the payout sum and period, the underlying returns and the insurer's track record before buying one, says CRYSTAL NEO DON'T feel compelled to rush to buy annuities before the compulsory annuity scheme kicks in. There are some factors you should consider first and
      1,058 words
    • 761 16 CAMPUS LIFE Such knowledge helps in decision-making, says Henkel Adhesives executive. CRYSTAL NEO reports IT IS easy to dismiss the business theories taught in school as irrelevant in the real world. But Marcus Kuhnert thinks that is nonsense. "If you have sound theoretical background, this
      761 words
    • 204 16 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 16 Advertisements
    • 46 16 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
    • 600 17 Bloomberg Its 15% rise against the USS in the past 12 months reduces competitiveness [MALTA] The euro's gains are harming the economy of the 15 nations sharing the currency and may exacerbate a forecast slowdown in growth, European officials said. "We cannot live
      – Bloomberg; -- J AP  -  600 words
    • 435 17 Reuters [WASHINGTON] US Treasury Secretary Henry Paulson said on Friday that any economic stimulus programme should be temporary and designed to kick in quickly if it is to be useful. "Time will be of the essence," Mr Paulson said on Bloomberg Television's Political
      Reuters  -  435 words
    • 127 17 Reuters [WASHINGTON] Federal Reserve Chairman Ben Bernanke will meet today with House of Representatives Speaker Nancy Pelosi to discuss how they can work together to boost the US economy, a spokesman for the California Democrat said. Falling home values, higher oil prices and a
      Reuters  -  127 words
  • Page 17 Advertisements
    • 7 17 \Xour ST t> POST YOUR AD WWW.ST7OI.COM
      7 words
    • 71 17 If you are facing any of the following: vjrj Slow network or Internet access in your office Concern over the confidentiality and integrity of your data Failure to send/receive emails from important contacts Loss of productivity as a result of virus or spam attacks Uncertainty on security when transacting over
      71 words
    • 34 17 mr^ wiszp*r *___^_tW?A X/^^^SSPJB --mimmMwW' -M EM i^i^i^i^i^r^ j^?^^-"^ j3 i^3r^>^'^^v^,-"-_w /yZ l^^___W____^____wfl______\ Wm—^^r mm W Afz :4i^mkjAWmmw!km\MmW s^k-V __m r r,'', /i1 'o!^_h_W^^MWu-M Wklß^r-mm^mV S '^WmWSBw \t \^Bmm\_l__\____\ _wT_____W i^i^i^^^^^^i^^^i^^rS^F^i^i^^^l^^^^^^l^^^l^^^l^^l^^^gS^r.Jjj^^i^^^i^^i^l^^^i^^^B A^_W Jf___ _^r
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  • MALAYSIA/INDONESIA
    • 563 18  -  LAUREL TEO Indonesia's progress and development since the 60s largely due to ex-president By in Jakarta TWO days after former Indonesian president Suharto's failing health took an abrupt turn for the worse, he received a visit from a long-standing friend and fellow statesman.
      563 words
    • 740 18 Reuters Property investors are, however, taking big risks: analysts [JIMBARAN, Indonesia] Go Daimon is 41 and without a grey hair, but the employee of the Tokyo Stock Exchange dreams only of retirement. He already knows how it will be paid for by "baby
      – Reuters; REUTERS  -  740 words
    • 642 18  -  PAULINE NG MALAYSIA INSIGHT But Abdullah still has to tackle rising crime ONE could say that it was a week of diametric highs. The local stock market surpassed expectations when it surged past the 1,500 level barely two weeks into January. A "pre-election rally"
      642 words
    • 2847 18 Transaction date: Jan 11 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 da\ Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing
      2,847 words

  • GREATER CHINA
    • 521 19 Reuters Price pressures still rising but govt has less room for manoeuvres in 2008 [BEIJING] Chinese policy makers will have a tough time in 2008 battling inflation, excess liquidity and rapid investment, Vice-Fi-nance Minister Li Yong said yesterday. China has taken a series
      Reuters  -  521 words
    • 395 19 Jan 11 BANKS ABN Amro Bank NV 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
      395 words
    • 356 19 Lan 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar08 Jun08 Sep08 Dec08 96.270 96.725 96.915 96.970 0 0 0 0 ***** ***** 7208 5618 EUROYEN FUTURES Mar08 99.240 99.240 Jun08 99.350 99.375B Sep08 99.340 99.390 Dec08 99.310 99.355B Mar09 99.270 99.330 Jun09 99.255 99.275B Sep09
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    • 312 19 Bloomberg Beijing's moves to control prices will cause further market distortions, he warns [BEIJING] The Chinese government's effort to control prices will be "short-lived" and won't resolve the country's economic imbalances, a senior lawmaker said. "Capping prices or subsidising producers when there are excessive
      – Bloomberg  -  312 words
    • 561 19 ■AFP [BElJlNG] Hundreds of smiling beauties like Ren Chen, 16, pivoting gracefully on a pair of high heels, are being groomed by China to win hearts and minds at the Beijing Olympics. Ren wants to show off her willowy grace in
      ■AFP; AFP  -  561 words
    • 312 19 ■AP The Asian giants are enjoying trade surge but border dispute remains an irritant [BEIJING] Indian Prime Minister Manmohan Singh arrived in Beijing yesterday for a three-day visit aimed at boosting sometimes strained relations between the two Asian giants, whose
      ■AP  -  312 words
    • 590 19 -AFP NEWS ANALYSIS: TAIWAN'S PARLIAMENTARY ELECTION [TAIPEI] Taiwan President Chen Shui-bian alienated voters with his hardline stance on China and the corruption scandals in his family, analysts said yesterday after his party was crushed at the polls. Mr Chen's ruling party suffered a landslide
      -AFP  -  590 words

  • INDIA
    • 426 20  -  SIDDHARTH SRIVASTAVA First phase of project will cost USsl.sb; takes 3-4 months to complete By! in New Delhi MOST Indian rail stations retain the basic structures built by the British more than a hundred years ago. This will change as the federal government which
      BLOOMBERG  -  426 words
    • 435 20 Reuters [NEW DELHI] India said on Friday it hoped to wrap up talks this month with the UN nuclear watchdog for a safeguards pact needed to advance a controversial civilian nuclear energy deal with the US. The deal has been virtually
      Reuters  -  435 words
    • 462 20 Bloomberg It'll know in February how much sub-prime would dent earnings [BANGALORE] Infosys Technologies Ltd, India's second-largest computer services provider, said that orders from banks, brokerages and insurance companies drove profit growth as the US sub-prime collapse has not yet curbed earnings. It
      Bloomberg  -  462 words
  • Page 20 Advertisements
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      309 words

  • WORLD
    • 475 21 Reuters NY prosecutors investigate whether banks withheld information on risks [NEW YORK] New York prosecutors are investigating whether Wall Street banks withheld information about the risks stemming from investments linked to sub-prime loans, The New York Times reported on Saturday. Citing people with
      – Reuters  -  475 words
    • 789 21 AFP [WARREN, Michigan] Republican presidential contenders yesterday stepped up their drive to broaden their support in the hard-hit blue-collar state of Michigan as the spectre of economic recession took centrestage in the US presidential race. Buoyed by a national poll placing
      AFP; REUTERS  -  789 words
    • 555 21 AFP Demand is expected to dip again due to economic downturn [DETROIT, Michigan] After years of crisis, the big three US automakers face another brutal year with demand expected to dip again due to an economic downturn threatening to snuff out 2007's
      AFP  -  555 words
    • 242 21 Reuters [LONDON] Asia-focused bank Standard Chartered has leapfrogged rivals to rank as Britain's fourth biggest listed bank as it outperforms peers struggling amid deepening gloom about domestic banking. Standard Chartered's shares have moved around £18 this week to value the
      ■ Reuters  -  242 words
    • 381 21 WITH the majority of the teams within sight of at least one other boat and some fierce tacking duels going on the last few miles to the finish are set to be very exciting. After struggling to find anything but light wind over the last
      Photo: ONEDITION  -  381 words
    • 124 21 tod name lose lange i Land 6.000 -0.070 iMall 3.090 -0.070 :it; 12.460 -0.060 ■osco Cor| 5.500 -0.100 iBS Gr| 19.840 -0.240 :SN 5.500 +0.110 ient Intl 0.660 -0.005 KLand 4.690 -0.010 ISH 15.600 +0.040 lardine CSC 21.960 +0.960 tod name lose lange Kei Con 12.780
      124 words
    • 101 21 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 4 12 3 0 0 0 4 12 3 Manufacturing 26 174 36 13 25 39 199 45 Commerce 20 53 11 10 12 30 65 12 38 40 Finance 28 29 Construction
      101 words
    • 126 21 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 100,675 100,675 548,100 548,100 Manufacturini 2,036,119 191,150 2,227,269 2,199,969 34,919 2,234,888 Commerce 610,746 36,067 646,813 565,238 8,494 573,732 ir/O 622,277 3,019 625,296 1,812,605 1,215 1,813,821 Finance 174,868 68 174,936 1,760,552 15 1,760,567 Construction 266,454 165,095
      126 words
  • Page 21 Advertisements

  • AVIATION/SHIPPING
    • 440 22 Reuters Record drop is not related to growing fears of economic recession: analysts [LONDON] The Baltic Exchange's chief sea freight index for global dry commodities made its biggest one-day drop on Friday since records began in 1985. But analysts said the
      ■ Reuters  -  440 words
    • 175 22 ■AFP [MANAMA] The Bahrain-based airline Gulf Air has ordered 16 Boeing 787 Dreamliners valued at around US$4 billion and taken options for eight more, an airline official said yesterday. "Gulf Air has signed today (Saturday) with Boeing a firm order for 16
      ■AFP  -  175 words
    • 376 22 Reuters [HOUSTON] The shutdown of a US coal terminal has sent some European buyers in search of backup supplies and has heightened concern about US ability to meet surging export demand, industry officials say. Consol Energy temporarily shut down its export terminal at Baltimore, Maryland,
      Reuters  -  376 words
    • 198 22 Reuters [ATHENS] Greek dockers walked off the job for the second time last week on Friday, stopping cargo ships from unloading and forcing some to dock at other European ports. Port workers are opposed to government plans to sell stakes in the country's two
      Reuters; AP  -  198 words
    • 173 22 Reuters [LONDON] British engine maker Rolls-Royce Group pic plans to cut 2,300 jobs at home and abroad in an efficiency drive to help offset rising costs, such as higher prices for speciality metals, and the effect of a weak dollar. "Costs associated with this exercise
      Reuters  -  173 words
    • 2379 22 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
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  • Page 22 Advertisements
    • 407 22 i-RIBRO Fugro Marine Services (FMS) is a rapidly expanding internal service provider within Fugro. FMS I is specialized in providing a full range of ship management services including maintenance H I management, crewing and QHSE. In addition, FMS supervises a number of new building projects H and provides maritime expertise.
      407 words
  • Page 22 Miscellaneous
    • 359 22 CRYPTIC CROSSWORD ACROSS I Type-cast him in a role n [2 [3 [4 I 5 fij showing compassion (11) M M__ 9 But players may be seated H here in the park (9) g—^* 10 Law and order (5) II Detain one after another, wehear(6) IT-^l 12 Students staying at
      359 words

  • SINGAPORE STOCKS
    • 6786 23 Weekended: Jan 11 52-wks Tel High Low Code Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil Company 5716 1st Software 22 8.5 3148 STelecom 33 14 5 5834 A-Sonk 105 98 6389 ABF SG Bond ETF 30
      6,786 words
    • 86 23 52-Wk Tel h Low Code Last Sale Vol COOP) Day lh Low Last Quote Buyer Seller Div GrYld C'vr Net MCap P/E Smil Hi< Com i Hi< 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO
      86 words
    • 2249 23 Wk Tel Low Code Last Sale Vol C000) lay I Low By .ast Quote yer Seller Div C'vr Net P/E Cap ,mil Hii Comi >an' Hii 30 11.5 1181 s AAGrp 41.5 20.5 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 3.5 1501 s Advanced System
      2,249 words
    • 250 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      250 words
  • Page 23 Advertisements
    • 29 23 w&^lk #7*:' r *-^Oi^—-4—~^r iss-1" 1 111- jw^ f W^ ifr Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Tel: 6238 6678 Fax: 6238 6676. Internet: http://www.audemarspigjet.com Jjj^^f**
      29 words

  • FINANCE & COMMODITIES
    • 366 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 11 World Index Preliminan 1080.7 -0.6 -1.8 -0.5 -4.3 -0.5 2.I EAFE Prel lim inan 1060.7 -0.8 -4.2 -0.5 -3.1 -0.5 3.I Euro[ Preliminan 1466.3 -0.5 -1.8 -0.2 -1.2 -0.2 5.'
      366 words
    • 126 24 As at 9am Jan 11 of foreign currency: Currencies Bid Offer Aust dollar 1.2680 1.2840 Can dollar 1.4050 1.4210 Euro 2.1000 2.1240 NZ dollar 1.1110 1.1350 jterlin mnd 2.7840 2.8160 US dollar 1.4200 1.4360 Local dollars to 100 units of foreign currency: Currencies Bid Offer Chi
      126 words
    • 163 24 Jan 11 S3 urrer Overnight 1 1/4 1-month 1 9/16 2-months 1 9/16 3-months 1 3/4 Overnight mode: 1 1/4 US$ Offer 1 1/8 1 7/16 1 7/16 1 5/8 Bid 7 days 1 month 2 months 3 months 5 months 9 months 12 months SFr 4.31 4.28
      163 words
    • 22 24 Jan 11 STI SIMSCI Jan 406.7 410 400.3 Taiwan Jan 316.2 317.2 310.3 Source: MF Global (S) Pte. Ltd
      22 words
    • 22 24 Jan 11 S$ Bid Offer 1-month 1.4250 1.4264 2-months 1.4220 1.4235 3-months 1.4194 1.421 6-months 1.4124 1.4141 Source: OCBC
      22 words
    • 151 24 Jan 11 Currencies Bid Offer Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.2795 1.2813 0.8956 0.8961 Canadian dollar 1.4123 1.4142 0.9885 0.9890 Euro 2.1139 2.1160 1.4796 1.4798 NZ dollar 1.1205 1.1229 0.7843 0.7853 Sterling ind 2.7900 2.7929 1.9528 1.9532 US dollar 1.4287 1.4299
      151 words
    • 293 24 Jan 11 KUbbbK Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul/Sep 08 375.00 378.50 383.50 387.75 388.50 389.50 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      293 words
    • 102 24 Jan 11 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 08 1286.00 1244.00 1296.00 1270.00 Mar 08 1298.75 1260.25 1310.25 1284.00 May 08 1317.00 1277.50 1327.50 1300.00 Jul 08 1330.75 1291.75 1341.75 1313.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 08 52.10 50.85 52.50 51.50
      102 words
    • 75 24 CRUDE OIL PRODUCTS Jan 10 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 92.37 -3.87 WTI(NearMth) 93.95 -1.68 Dubai (1-Mth F) 87.88 -2.57 Tapis blend 98.65 -2.35 Minas 97 -2.35 PRODUCT USS/barrel (FOB S'pore) Close Change ere) Naphtha Jet Kerosene 94.70 109.55 -0.20 -0.25 USS/barrel Opec Oil Basket
      75 words
    • 463 24 Jan 11 Rm Euro HK! Ine Rs Ru| Yen Won RM NZ' Pal Rs Peso Ram NT1 Bal it Poune us: wstralia 0.906 6.507 0.605 6.990 35.198 84.501 0.976 8.399 2.919 1.142 56.103 36.327 1.280 6.118 0.985 29.086 29.702 0.459 0.896 Canada 1.104 7.182 0.668 7.716 38.849
      463 words
    • 89 24 Jan 11 Period Issue code Maturity Yesterday's Bid Hie Day's |h Low 3-Month BQ*****E 10.04.08 1-Year BY*****A 29.09.08 1.60 1.64 1.5 1.5 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
      89 words
    • 71 24 Jan 11 (US$) (S$) 4.***** 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** mth mths 4.***** 1.***** mths 4.***** 1.***** 2 mths mths mths 4.***** 3.***** 3.***** 2.***** 2.***** 2.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** 5yrs 2.***** 7yrs 2.*****
      71 words
    • 63 24 Jan 11 ICE PALM FUTURES (RM/MT) lelivery Opening Sett Av lonth Range Price Price Hii Vol Open Done Position Low an 08 3210 3270 3270 3210 454 1137 :eb08 3197 3279 3281 3197 834 4421 */lar08 3196 3280 3280 3188 9015 ***** \pr08 3200 3274 3274 3178 4245
      63 words
    • 140 24 Jan 11 GOLD (USS/oz) Jan 10 Jan 11 Hong Kong 875.00 891.00 876.00 892.00 Jan 10 Jan 11 881.90 895.80 882.60 896.50 Source: Reuters London CAST BAR (S$) Jan 11 Buying Sellini Kilobar "43,845.39" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1
      140 words
    • 70 24 Jan 111 Aluminium, 99.7% purity (US$/tonne) Close Previoui Cash 2469.00 2442.00 3 months 2514.00 2490.00 Copper, Grade A (US$/tonne) Cash 3 months 7281.00 7300.00 7172.50 7190.00 Lead (US$/tonne) Cash 2616.00 3 months 2625.00 2559.00 2570.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • 81 24 Jan 11 COCOA (£/tonne) Close Prev Hie ih/Low Mar08 1135 1125 1140/1114 May08 1152 1143 1157/1132 Jul 08 1178 1169 1182/1162 Sep 08 1165 1152 1169/1145 COFFEE (USS/tonne) Close Pev High/Low Jan 08 2003 1989 2020/1994 Mar 08 2029 2014 2041/2015 May 08 2048 2031 2062/2031 Jul 08 2062
      81 words
    • 4577 24 BOND WARRANTS Tel Code Com| Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('OOP) Ratio Price ing Left taw 2036 Advance SCT Ltd W*****9 3747 Allgreen RB ECW*****1 2835 Allgreen RBeCW*****6 #ArianeCorp Ltd W*****9 8798 Ascendas REIT SGA ECW*****3 9092 Asia Environment W*****4 1436 AusGroup MBL ECW*****4
      4,577 words
  • Page 24 Advertisements
    • 133 24 J. I 8 3 3 8 -m^km Hbk. mWL mwrnm BL fll I H 3 fll I JH I fll m 3 I Li H^^^ml r \mkm 2 i 1 fll MflV P' fll PM flr fll fll Jf» L fll jr V M fll a^-Wk^km^mmmm-^-^ flP^^^flJ flflh^_ jC*^ fl
      133 words

  • Page 25 Advertisements
    • 2205 25 m The Business Times Shipping Times UK CONTINENT SERVICE U.S.A SERVICE > /T^mm^^y^ -r fc-- "^JW MIDDLE-EAST SERVICE F.E./S.E.A SERVICE ■:;;:'^^ggS«*'*l?g I.* ■hi LM HI B-^l Ua H M IkMH I -^ml I S_^_^d Tramping for bulk, breakbulk, mineral ores, project cargoes, etc... in all directions Mjjm±iAgkijii|i|jiM Br?^l' te^^BSISI^^H jBr^PI
      2,205 words

  • Page 26 Advertisements
    • 4141 26 WAN HAI INTERNATIONAL PTE LTD CRNO: **********0/R Tt— 17 A «TFDIV TA D I INFD I TFI (tWI £<k CH V*C/?■ %rrrr\ !____>__■ ■■>■ llll_P_* TEL *****588 (14LINES) FAX:*****163 r \_\i Aj 1 ILIYIM tAX _L.ll> ILK., LIU il^l^ZJ LLzTJMS V^iIWAN HAI LINES S™^S^ |-=J I SPECIAUZEIN RORO* ™"UFT UPTO
      4,141 words

  • Page 27 Advertisements
    • 4511 27 _T s___^_\ B*l _sfl ________s_________l ki^p^oMH ffiPP HWH iPUP MM VESSEL VOY PKL SIN KHI DXB BAB DMM BIK KHO TENTH OCEAN PCLB23B 15/01 16/01 25/01 29/01 30/01 01/02 03/02 03/02 ANNAE PCLB243 25/01 26/01 SKIP 08/02 09/02 15/02 17/02 19/02 NINTH OCEAN PCLB242 31/01 01/02 10/02 14/02 15/02 17/02
      4,511 words
    • 214 27 IXgi GLORY NAVIGATION GROUpI SINCE 1970 OWNS OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING THE ENTIRE ASIA PACIFIC PORTS REGULAR WEEKLY SERVICES: a IKAOHSIUNG CHINESE PORTS, HONG KONG TO FROM SOUTHEAST ASIA SINGAPORE HIAP WOON SHIPPING (S) PTE LTD 14 ROBINSON ROAD, #03-01 SINGAPORE *****5 TEL:
      214 words

  • BizIT
    • 975 28 HP's Bob Pryor feels the Republic can hold its own against India, writes AMIT ROY CHOUDHURY DESPITE the growth of India as a major outsourcing destination, Singapore still remains an attractive place to operate out of, according to HewlettPackard's (HP) global boss for outsourcing.
      975 words
    • <what's new>
      • 105 28 AUDIO-VISUAL equipment maker Bose has released the Sound Dock, a portable speaker system designed to work with Apple's iPod music players. Despite being battery-powered, the new speakers promise to deliver audio which rivals much larger systems through the use of Bose's patented Waveguide technology
        105 words
      • 110 28 MOBILE operator Ml is partnering with MediaCorp to give consumers to ability to tune into television programmes on their cell phones. They plan to launch a new mobile TV trial in the middle of this year. Unlike the video content currently offered
        110 words
      • 94 28 SONY Ericsson has taken the wraps off the HBH-PV7l2,anew Bluetooth headset targeted at female consumers. The product comes with three interchangeable covers so users can match their headset colour to their outfits and moods. To complement these covers, the headset even comes with
        94 words
      • 107 28  -  WINSTON CHAI HTC has joined hands with Yahoo to offer the Internet company's suite of mobile applications on its smart phones. With the tie-up, HTC customers can now download Yahoo! Go from the firm's eClub mobile portal. By installing the software package, users will
        107 words
    • 773 28  -  CHRISTOPHER LIM &lt;cool stuff&gt; By AN update to Apple's OSX operating system is always interesting because it's still the strongest desktop OS alternative to Windows, since the day of the Linux desktop has yet to arrive. It's been two-and-a-half months since Mac OSX 10.5 Leopard was launched
      773 words
    • 584 28 -AP [SAN JOSE, California] Steve Jobs has a tough act to follow at the Macworld Conference Expo tomorrow himself. At last year's trade show, Apple Inc's charismatic CEO hurtled into the cell phone industry with the iPhone, jettisoned the word "computer" from the
      -AP  -  584 words
    • 660 29  -  WINSTON CHAI It wants to resell bandwidth and offer connectivity services on new Net highway By INSTEAD of vying for the government's ongoing broadband infrastructure tender, Pacnet is hoping to go after the more lucrative business of reselling bandwidth and offering connectivity services
      BLOOMBERG  -  660 words
    • <what's up>
      • 71 29 SECURITY software maker McAfee has announced the appointment of Steve Redman as its new president of the Asia-Pacific region. Reporting to the company's executive vice-president of sales operations Michael DeCesare, Mr Redman will now oversee the firm's operations across North and South-east Asia,
        71 words
      • 61 29 ENTERPRISE infrastructure and software maker Sybase has appointed Stuart Fisher as its director of channel sales and alliances for the Asia-Pacific region. Based in Singapore, Mr Fisher is responsible for developing strategies to increase revenue from the company's partner network. He will
        61 words
      • 59 29 NETWORKING equipment maker Nortel Networks has appointed Francois Lancon as the vice-president of enterprise networks for its Asian operations. In his new position, he will be responsible for growing the company's enterprise business in across Asia. Prior to appointment, Mr Lancon was
        59 words
      • 81 29  -  WINSTON CHAI LOCAL telco Star Hub has named Adit Harinasuta as its head of services and solutions. In the newly created post, he will spearhead the development and management of Star Hub's information, communications and entertainment offerings for both consumers and businesses.
        81 words
  • Page 28 Miscellaneous

  • Page 29 Advertisements
    • 15 29 CATS Recruit The first door to your world of opportunities LR_!_r\l i_»J f RECRUIT s
      15 words
    • 1157 29 "ID TORONTODOMINION BANK CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF As at October 31 INCOME (millions of Canadian dollars) For the Y earS ended October 3 1 ASSETS 2007 2006 (millions of Canadian dollars) Cash and due from banks 1,790 2,019 Interest-bearing deposits with x 2007 200b banks 14,746 8,763 nterest
      1,157 words

  • BizIT FOCUS
    • 657 30  -  WINSTON CHAI TACKLING THE LABOUR CRUNCH Employers look towards deploying new technology tools to manage HR better By WITH job opportunities galore thanks to the strong local economy, some companies are now turning to technology to improve their chances of attracting and retaining talent
      FILE PHOTO  -  657 words
    • 533 30  -  WINSTON CHAI By WITH Asian economies powering on despite uncertainties in the United States, the region has become a key focal point for Prudential's plans for growth and expansion. The financial services giant has over 20,000 employees under its wing. But like most
      533 words
  • Page 30 Advertisements
    • 75 30 wi__mr j_m tm Amm-\%m^ ___M N3 __k _,_J ———««i^B X Am -jrF _____i Integrated Total Talent Management Software 1« /»^^i FIND, RECRUIT, RETAIN, DEVELOP fl^ft ________k i^iiß ...A ■'1 »3 \JI _f jjjjjjjli^. HR Management Performance Management L Compensation Management jL..... Skills Competency Management Career Succession Planning W MW Learning
      75 words
    • 14 30 This series is brought to you by Step Stone Solutions 9__ Step Stone Up?
      14 words