The Business Times, 31 January 2008

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg am A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Thursday, January 31,2008
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  • Article, Illustration
    Lock icon Smoother rides to come with sharper ERP teeth
    1001 1  -  LYNETTE KHOO More gantries, higher charges to kick in; car growth to slow but vehicle taxes reduced By [SINGAPORE] Motorists will soon have to pay more for a hassle-free drive on the roads as the government rolls out electronic road pricing (ERP)
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      43 1 ICOMP 1,384.08 -4.42 IIKKEI225 13,345.03 -133.83 IANG SENG 23,653.69 -638.11 ;et INDEX 763.48 +8.61 JAKARTA COM P 2,610.36 +2.52 1ANILAC0MP 3,256.53 +32.29 ;eoulcomp 1,589.06 -48.85 ;henzhen B 627.79 +0.42 IUMBAI IND 17,758.64 -333.30 11AM EDT Change 12,456.40 -23.90 )OW IASDAQ 2,362.09 +4.03
      43 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 6.00 INDONESIA 15.496 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 6.50 CANADA 5.75 SWITZERLAND 4.14 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      38 1 IS$ (S$ USS) 1.420 (USS/SS per 1.991 2.827 ;URO(US$/S$/E) 1.478 2.098 'EN 106.70 75.10 3.237 2.280 IK$ 7.803 5.496 !AHT 33.03 23.27 lUPIAH 9,300 6,550 1ENMINBI 7.193 5.066 INDIAN RUPEE 39.43 27.77 1.127 0.794 IZ$ 1.287 0.906
      38 words
  • Article
    Lock icon Lower Q4 groth makes 2007 weakest in 5 years
    421 1 LATEST US DATA Fears grow economy at risk of tumbling into recession in '08 [WASHINGTON] US growth skidded lower in the fourth quarter and was the weakest in five years for all of 2007, according to a government report yesterday that
    421 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      40 1 ■L^ THE EDB EDGE BizlT JgSBBpBS SUB-PRIME SPORE Targeting Sun Microsystems to Elpl I ÜBS surprises with TELCOS |j Asia-Pacific boost staff strength __MmmtTT^^_T^. USs4b Big changes "V V page 12 page 27 SlTK^^ writedown page 4 ahead? PAGE 4
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  • TOP STORIES
    • Article, Illustration
      Lock icon State properties for office use see healthy take-up
      853 2  -  ARTHUR SIM SLA to release more sites this quarter to further ease office space crunch ISINGAPUKEJ Uiiices in state-owned properties seem to be catching on. After a quick turnaround time of about six months and about $2 million spent, Phillip Securities has
      ARTHUR LEE  -  853 words
    • Article
      Lock icon Will changes affect operators' margins?
      619 2  -  CHEW XIANG LAND TRANSPORT REFORMS Analysts still waiting for details on possible competition [SINGAPORE] Analysts are adopting a wait-and-see attitude over the impact of the recent slew of land transport reforms on local operators ComfortDelGro and SMRT, as full details have yet to be disclosed
      619 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Anti-competition fears simmer as Sing Tel seeks relief
        55 2 AS Singapore's telecom sector inches towards a more level playing field with the soon-to-commence Next Generation National Broadband Network project, some anti-competition fears have surfaced. That's because, come April, Sing Tel could be unshackled from dominant licensee obligations in two key market
        55 words
      • Article
        Lock icon SPC profit soars 78.6% to record $508m
        49 2 SINGAPORE Petroleum Company's full-year net earnings for 2007 surged to an all-time record of $508.3 million. This 78.6 per cent jump in net profit over 2006's figure, came on the back of a record revenue of $8.8 billion. COMPANY NEWS, PAGE 5
        49 words
      • Article
        Lock icon Sing Post: New players will squeeze margins
        64 2 SINGAPORE'S liberalisation of basic mail services and the entry of new players will squeeze margins for Singapore Post, the company said yesterday in a statement announcing its third-quarter results. For the third quarter ended Dec 31, 2007, it posted a net profit of
        64 words
      • Article
        Lock icon Companies' succession fears most acute in Asia-Pac: poll
        73 2 COMPANIES worldwide are confronting their inability to cultivate future leaders, and nowhere is this frustration felt more strongly than in Asia-Pacific, according to IBM's latest global study on human capital. Three-quarters of firms responding to a survey by the company felt future
        73 words
      • Article
        Lock icon US House dears US$l46b aid package
        77 2 THE House, seizing a rare moment of bipartisanship to respond to the United States economy's slump, overwhelmingly passed a US$l46 billion aid package that would speed rebates of US$6OO-1,200 to most taxpayers. The plan, approved 385-35 on Tuesday after little debate, would send at
        77 words
      • Article
        Lock icon M'sians hot on property trail, survey shows
        64 2 MALAYSIANS are keen property purchasers, and many are still on the lookout for investment opportunities, according to a recent survey. Real estate website iProperty.com said that a significant 88 per cent of those polled online over six weeks in November and December expressed
        64 words
      • Article
        Lock icon Sun plans major increase in region's headcount
        36 2 RIDING on its six consecutive quarters of growth in the Asia-Pacific, including Japan region, Sun Micorosystems is looking to ramp up operations by increasing headcount significantly. BIZIT, PAGE 27
        36 words
      • Article
        Lock icon Bruised Aussie property sector headed for consolidation
        81 2 AUSTRALIA'S bruised property sector is betting that the current market turmoil could spark a wave of consolidation, while property bankers see a quiet year for fund raising after a prolific past few years. Centro Property Group's A 53.9 billion (554.9 billion) refinancing troubles
        81 words
    • Article
      Lock icon UBS surprises with further US$4b sub-prime writedown
      504 4 Reuters Bank posts full-year loss of 4.4b Swiss francs, its worst performance in history [ZUßlCH] Sub-prime-related problems at ÜBS AG mounted yesterday as the Swiss bank unveiled US$4 billion in new writedowns in a surprise statement and sank deep into the red for
      Reuters  -  504 words
    • Article
      Lock icon Anti-competition fears simmer as SingTel seeks regulatory relief
      808 4  -  ONG BOON KIAT It wants to be freed of dominant licensee obligations in 2 key market segments [SINGAPORE] As Singapore's telecom sector inches towards a more level playing field with the soon-to-commence Next Generation National Broadband Network (NGNBN) project, some anti-competi-tion fears
      808 words
    • Article, Illustration
      Lock icon Jittery times fertile for fraud: UK regulator
      628 4  -  NEIL BEHRMANN SocGen scandal a wake-up call; trader says bosses knew of his dealings THE 4.9 billion euro (5510.3 billion) rogue trading scandal at French bank Societe Generale (SocGen) is a wake-up call for banks and trading firms worldwide, says UK regulator Financial
      REUTERS  -  628 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      380 2 Budget 2008 Dates Minister for Finance Mr Tharman Shanmugaratnam will deliver his Budget Statement to Wednesday, 20 February 2008 Parliament on 15 February 2008. Some highly anticipated questions will be answered. 9.00 am to I.oopm For instance, will the top level of personal income tax rates come down? Will there
      380 words
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      Lock icon Page 2 Advertisements Column 2
      11 2 people t Your search VVOrK ends here. www.thepeopleatwork.com Asia-Pacific Executive Search
      11 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      318 4 THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 2 years Total Amount Allotted SGD 1,600,000,000 4 Amount Allotted to Non-Competitive Applications SGD 102,408,000 Of which allotted to MAS Nil Total Amount Applied SGD 3,784,008,000 Coupon Rate 2.625% p.a. Cut-off Yield Price 1.36% p.a. and on Allotment 103.582% Average Yield Price 1.30%
      318 words
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      Lock icon Page 4 Advertisements Column 2
      173 4 GI~OBA~ EptJRREriEU" RR"G"AIVI I SPH The Sunday Times 20 Aug 2006 I Although we have NO Prior Experience, this powerful program enables us to earn 10 times than before. We are earning SSSO,OOO monthly now. EARNING $10,000 monthly is EASY for Anyone with W/l no prior experience. Vivienne/PollyTel: 9850 9688
      173 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SPC net soars 78.6% to record $508m in 2007
      494 5  -  RONNIE LIM Big rise in crude, oil product prices cited; final dividend of 40< per share declared SHARP spikes in crude and oil product prices last year fuelled by demand from China, India and the Middle East, as well as geopolitical
      494 words
    • Article, Illustration
      Lock icon CDLHT Q4 distributable income up 83.4%
      589 5  -  KALPANA RASHIWALA 'My favourite acquisition markets at the moment are Singapore, Vietnam and India. These are high-octane growth markets.' Vincent Yeo, CEO of M&C Reit Management Trust hopes to add Copthorne Orchid to portfolio this year CDL Hospitality Trusts (CDLHT), the biggest owner of
      FILE PHOTO  -  589 words
    • Article, Illustration
      Lock icon SingPost: New players will squeeze margins
      513 6  -  CHOW PENN NEE Q3 earnings rise 7.8% to $36.8 m on better results for all business segments By SINGAPORE'S liberalisation of basic mail services and the entry of new players will squeeze margins for Singapore Post, the company said yesterday. In a statement announcing
      FILE PHOTO  -  513 words
    • Article
      Lock icon GuocoLand posts 26% drop in Q2 earnings
      371 6  -  KALPANA RASHIWALA By QUEK Leng Chan's Singa-pore-listed property arm GuocoLand yesterday posted a 26 per cent year-on-year slide in group net profit to $32.95 million for the second quarter ended Dec 31, 2007. This was due largely to a 26 per cent drop
      371 words
    • Article
      Lock icon MMP Reit posts 15.7% rise in distributable income for Q4
      597 6  -  WEE JUN KAI By MACQUARIE MEAG Prime Real Estate Investment Trust (MMP Reit) has reported a 15.7 per cent year-on-year rise in distributable income to $16.2 million for the fourth quarter ended Dec 31, 2007. The Q4 distribution brought 2007
      597 words
    • Article
      Lock icon Wee Hur's strong debut
      154 6 SHARES of construction company Wee Hur Holdings yesterday posted a strong debut on the local market's main board, closing at a 24 per cent premium to their offer price, despite a weak day throughout the broad market. Wee Hur, which had offered about 83.65 million shares
      154 words
    • Article
      Lock icon SIA to start A380 flights to London on March 18
      251 6  -  VINCENT WEE By SINGAPORE Airlines is launching the first Airbus A3BO commercial service to Europe, with the inaugural flight on the SingaporeLondon route scheduled to take off on March 18. Flight SQ3OB will leave Singapore at 9am, reaching London at
      251 words
    • Article
      Lock icon Tough figuring out what STC is worth
      818 6  -  MATTHEW PHAN LESS than a month ago, hardly anyone paid attention to The Straits Trading Company (STC), a stock traded so thinly that despite being a billion-dol-lar company involved in the hot mining sector, no analysts covered it. Now that blood is in
      818 words
    • Article, Illustration
      Lock icon Citi sees good returns from global equities
      479 9  -  CHOW PENN NEE European big caps, tech, Asian banks, telcos are top picks EQUITIES will stay resilient despite the challenging macro outlook, Citibank said yesterday. And its top picks are European big saps, technology, Asian banks and telcos and amerging markets. Despite the
      479 words
    • Article
      Lock icon New China printing deals to double Xpress' revenue
      556 9  -  CONRAD RAJ Agreements with 7 firms will bring in 200 m yuan a year in new business IN one fell swoop, speed printer Xpress Holdings will be doubling its annual revenue and possibly its profits with deals that will bring in some
      556 words
    • COMPANY BRIEFS
      • Article
        Lock icon China's Epure to buy S'pore-based Aqua-Tech
        81 9 EPURE International Ltd, a turnkey water and wastewater treatment solutions provider in China, plans to buy 100 per cent of Aqua-Tech Engineering Supplies Pte Ltd, a Singapore-based water treatment design and consulting firm. Epure has signed a non-binding memorandum of understanding with Aqua-Tech and
        81 words
      • Article
        Lock icon MAS, State Bank of Vietnam sign agreement
        76 9 Bloomberg SINGAPORE'S central bank and its Vietnamese counterpart signed an initial agreement to expand links between the nations' lenders and cooperate on supervision, the Monetary Authority of Singapore (MAS) said in an e-mailed statement yesterday. MAS and State Bank of Vietnam will begin
        – Bloomberg  -  76 words
      • Article
        Lock icon Suntec Reit Q1 distribution income up 24%
        69 9 SUNTEC Real Estate Investment Trust has announced a distribution income of $33.5 million for its first quarter ended Dec 31, 2007, 24 per cent higher than the $27 million for the previous corresponding period. The distribution per unit (DPU) of 2.279 cents for
        69 words
      • Article
        Lock icon Jurong Cement associate in Zhejiang stake sale
        106 9 JURONG Cement's 40 per cent-owned associate company Sin Chang An Holdings's fully-owned unit, Sin Chang An Investments, has inked a conditional deal to sell its entire 60 per cent stake in Zhejiang Shanying Cement and Zhejiang Jurong Cement, both of which are engaged
        106 words
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      Lock icon Page 5 Advertisements Column 1
      227 5 .^■■r**^ \WBmM pplpil J^H k Kg jpjl^ itk. le internationally renowned Seatrade Awards scheme, judged by a panel of industry leaders under the ■•^rfHB^R^BH Bar chairmanship of the IMO, has been the toast of London's maritime social calendar tor the past 20 years, often ImK^m Brf£^l dubbed "The Oscars of
      227 words
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      165 6 i^^^ The global name in CFDs CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. II Go long or short of shares on margin, putting up a fraction of the full contract value. II Share CFDs FX& Indices I Guaranteed market prices, and low commissions
      165 words
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      55 7 HgyjjJ^M^y- iMiLPii -!nv B sts i"**^Tr-4 B^^Tf I™-''? -iffl a* AWAIAbAh BAH lAIAIM I J*' 11 n I r—tt¥ 1 JgWy^-Jgi! IPI ;:'^3Z^3 3Pa-23: 'BBtlks1 S 3^=s I--' —Ti l!-W% i f i] '-t-"' 11. -H .:3i- -S f mi mg_ teth ':ni P £U —-r K™ZJ**" JlSiHifiHEtUW^i.ii- »1i iado'-d:
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI falls to 3,000 ahead of FOMC
      610 8  -  R SIVANITHY STOCKS Other possible factors for the index's 50-point decline include China's weather-linked woes IT WAS difficult to pinpoint the exact reasons for yesterday's stockmarket sell-off, particularly as it came after an encouraging Tuesday session for Wall Street. Reasons given included news
      : Bloomberg  -  610 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      85 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 115 0 0 0 11 lanufacturing 48 90 49 12 16 53 102 65 Commerce 20 25 21 23 32 29 "pt/Stor/Comms 12 16 10 12 18 11 :inance 20 20 Construction 11 18 'ro|
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 24.156 24.156 116.140 116.140 lanufacturing 256.091 36.091 292.182 249.245 2.744 251.989 Commerce 59.422 1.645 61.067 64.918 322 65.240 'pt/Stor/Comms 108.669 244 108.913 287.052 78 287.129 :inance 31.567 19 31.586 330.356 330.360 Construction 55.414 16.066 71.480 17.949 1.452 19.401 'roperties
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      99 8 lapitaLand 5.990 -0.160 Olam 2.370 -0.190 lapitaMall 2.910 4-0.030 S IA 15.540 -0.080 jtyDev 11.560 -0.380 SGX 9.950 -0.290 Iosco Corp 4.510 -0.180 SIA Engg 3.730 -0.070 IBS Grp 17.700 -0.360 SPH 4.400 :&N 4.730 -0.060 ST Engg 3.380 -0.070 ientlntl 0.615 -0.010 SembCorp Ind 4.480
      99 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      943 8  -  MATTHEW PHAN Singapore Property Citigroup Research, Jan 29 GDP cut and reduction in new jobs: Our Singapore economist, Kit Wei Zheng, has reduced his GDP forecast for Singapore from 6.2 per cent to 5.6 per cent. Job creation is also expected to slow significantly from almost 200,000 in
      :: Bloomberg  -  943 words
    • Article, Illustration
      Lock icon Asian trading cautious before Fed move
      525 8  -  LARRY WEE CURRENCIES CURRENCY trading turned cautious yesterday ahead of another interest rate cut expected from the US central bank after the Asian close, and Asian bourses were swathed in red ink despite a better Wall Street session overnight. With most already expecting the
      : Reuters  -  525 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      52 8 Jan 30 VALUE CLOSE -568.00+316.0 BT OB/OS BT CADI -*****.00 -138.0 BT 10-day MA -*****.00 -56.00 FTSE ST Mid Cap 758.87 -12.86 FTSE ST Small Cap 665.97 -9.24 FTSE ST All Share 769.48 -12.57 FTSE ST China 551.33 -17.71 SIMSCI 366.47 -6.09 SIMSCI Futures 365.40 -7.10 PrimePartnersCI
      52 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Ascott Grp 89,662,000 Yanqzijianq 35,823,000 Chasen 30,287,000 Wee Hur 29,067,000 STXPOKW100 27,786,000 China Honqxinq 25,403,000 SingTel 21,189,000 *StarCruises 19,394,000 Golden Aqri 17,043,000 STI3100BNPePW*****8 16,491,000 VALUE(S) Ascott Grp 155,115,870 DBS Grp 124,961,380 UOB 81,299,496 SingTel 77,568,838 Keppel Corp 74,457,180 STXPOKW100 65,531,630 SGX 64,396,440 CapitaLand 61,059,990 Cosco Corp
      55 words
    • Article
      Lock icon RISES
      103 8 CLOSE UP Creative Tech 556 44.0 8.6 JSH 1470 42.6 2.1 Pain 452 28.4 4.6 GuocoLand Ltd 440 15.0 3.5 DBS Bk6% NCPS 10 ***** 12.0 0.1 ilanMBLePW/***** 55 11.5 26.4 Golden iri 196 10.0 5.4 Tat Honi 274 8.0 3.0 Venture Con 1038 8.0 0.8 Elec Eltek 180
      103 words
    • Article
      Lock icon FALLS
      116 8 CLOSE DOWN China H 10US$ 1633-156.1 -6.3 :it 1156 -38.0 -3.2 DBS Gri 1770 -36.0 -2.0 Jardine C&C 1970 -34.0 -1.7 ISMSCI India 100 851 -29.8 -2.4 SGX 995 -29.0 -2.8 'e Land 600 -23.0 -3.7 CoscoCori iMBLiCW***** 175 -22.0 -11.2 RafflesEdu 240 -21.0 -8.0 SGXMBLJCW*****0 434 -21.0 -4.6
      116 words
    • Article
      Lock icon CURRENCIES
      83 8 iere! S$ stands (an 30 CHNG CLOSE FRJan29 YR 2008/07 S$ LOW S$ HIGH USS 1.4195 -0.04 1.5479 1.4172® Euro 2.0980 -0.09 2.1639 1.9913 Pounds 2.8257 -0.15 3.1194 2.7855 AS 1.2588 0.27 1.3555 1.1741 Yen* 1.3295 0.06 1.3821 1.2285 Rill liah* 0.***** -0.30 0.***** 0.***** Baht* 4.2963 -0.04 4.5700
      83 words
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      47 9 j**\s** S V^fflftW' a 'M W*" -JE'S^^l diningexperience.singapore@stregis.com lllltl tißlrfWfii ST REGIS <*^^jZZZjZT^^y, =SfSS^ i|= SINGAPORE *£^^^^&Yyh) SglJrlllp^ -sir "J; '1 ■''Ji STRECIS.COM/SINCAPORE F 29 TANCLIN ROAD, SINGAPORE *****1 TEL: (65) 6506 6888 FAX: (65) 6506 6788 I*, ,(J£'3) B^^^^"~~—-^ Ink M f i 11^^ I_Z_^, I
      47 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Making S'pore a top steel hub
      836 10 The Republic has plenty of factors in its favour to play this central regional role but there are challenges ahead, reports VINCENT WEE THE steel trade has taken a shine to Singapore's geographic position, sound transport network and fast, efficient port clearance systems, coupled
      836 words
    • Article, Illustration
      Lock icon SSH Corp's integrated supply business pays off
      489 10  -  VINCENT WEE SSH Corp was listed in 1995 as Sin Soon Huat, a stockist and distributor of tubular products like seamless pipes, stainless steel pipes, fittings, flanges and valves and industrial power products. The company became SSH Corp after its acquisition by Indonesian
      489 words
    • Article, Illustration
      Lock icon RSA must become a global player: chairman
      450 10  -  VINCENT WEE REGENCY Steel Asia (RSA) has a strong focus on ener-gy-related industries. Sixty per cent of sales revenue is derived from en-ergy-related business and the other 40 per cent from the construction sector. The company has benefited from the recent boom in
      450 words
    • Article
      Lock icon Value-add manufacturing services give HG Metal edge
      352 10  -  VINCENT WEE STEEL products specialist HG Metal is the first local stockist to provide its customers with value-added manufacturing services, undertaken through its wholly owned subsidiary, Oriental Metals. Its subsidiaries will be expanding their product range to cater to the growing construction sector.
      352 words
  • Page 10 Advertisements
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      121 10 Accessing market insights and industry trends have never been so easy ™\jo RSfe* ieConnect is a FREE online service that allows you to gain ready access to business information from content M partners such as V" Business Monitor China Knowledge Ernst Young Frost Sullivan PricewaterhouseCooper and more Jk VVI Delivered
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      47 10 II E N=r L The Business Times SINGAPORE Singapore Singapore International a weekly industry-focused series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com
      47 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Future leadership a concern for firms globally
      503 11  -  MATTHEW PHAN For many firms in Asia-Pacific, it is a primary workforce challenge: IBM study COMPANIES worldwide are confronting their inability to cultivate future leaders, and nowhere is this frustration felt more strongly than in Asia-Pacific, according to IBM's latest global study on
      503 words
    • Article, Illustration
      Lock icon SM Goh meets Qatar top brass
      334 11  -  OH BOON PING SENIOR Minister Goh Chok Tong yesterday called on the Amir of Qatar, Sheikh Hamad Bin Khalifa Al-Tha-ni. The two leaders discussed the close state of bilateral relations and exchanged views on recent developments in Asia and the Middle East, Ho Tong
      DESMOND LIM/THE STRAITS TIMES  -  334 words
    • Article, Illustration
      Lock icon Taking a bubbly tour, and loving it
      284 11  -  CHRISTOPHER LIM IT was all about the bubbles as BT took a break from its usual wine-and-whisky forays to explore champagne on Tuesday night at Sheraton Towers. This first-ever BT Champagne Night was supplied by Le Vigne Wines, and co-owners Lewis Mitchell and
      JOHN HENG  -  284 words
    • Article
      Lock icon Show your support for the S'pore Youth Olympics
      317 11  -  WEE JUN KAI THE race to bring the world's first-ever Youth Olympic Games to Singapore will be won or lost in the next three weeks. And this is one race in which everyone can take part. The crucial decision about which city
      317 words
    • Article, Illustration
      Lock icon EDB sees some big projects from China, India this year
      814 12  -  RONNIE LIM THE EDB EDGE New Asia-Pac Asst MD says results should come after 5 years of efforts AFTER five long years of cultivating potential investors from China and India, "we hope to see some things happening in a big
      814 words
    • Article, Illustration
      Lock icon Citigroup revises Singapore's GDP growth to 5.6%
      408 12 CITIGROUP has revised Singapore's economic growth forecast this year to 5.6 per cent, down from 6.2 per cent, Channel News Asia reported yesterday. However, Citigroup said that it remained confident about strong growth in emerging Asian markets for 2008. The bank also reckons
      408 words
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      212 11 ____TT!ffl^ffiF._^_____________________ If you are facing any of the following: 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
      212 words
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      127 12 Mm .^"mm m' I^^ ,isf a. In i»^^^^Hl W^kdMm 11^ I j^v Mm V x E^Bb *4k\ i v BB LMm MM^^ >J Z' vi ■■—~—~Bk a i ro.^^B BT^flk wm\\ v A afe /^di W 'A wßf\*^s Prß^Sp V ybb-^^^AVbbbYbVbVbbbbVC^bb H MfIHRtE «\vßh Jbm u^M^^mi^Mmm^^mmuw \lMmuu XbK^bW BB H\\
      127 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Europe leaders call for greater bank risk clarity
      649 13 LAT-WP They also want a financial early warning system [LONDON] European leaders called for expanded transparency in the banking system to make the risks in complicated investment vehicles and troubled loan portfolios clearer to investors and shareholders. Failure by the banking system
      – LAT-WP; REUTERS  -  649 words
    • Article
      Lock icon US House clears US$146b aid package
      616 13 -AP Plan gives more rebates to families with children, less for the rich [WASHINGTON] The House, seizing a rare moment of bipartisanship to respond to the United States economy's slump, overwhelmingly passed a US$l46 billion aid package that would speed rebates of US$6OO-1,200 to
      -AP  -  616 words
    • Article
      Lock icon BURSA MALAYSIA
      2261 13 in 30 RM ('000) A&M Realty 0.73 AbricBhd 0.22 Advance Synergy 0.18 Adventa Bhd 1.36 AeMuIti Hldgs 0.27 Affin Holdings 2.39 Ahmad Zaki Resou 1.38 AicCorp 0.68 \irasia Bhd 1.51 Akn Technology 0.62 Alliance Financi 2.88 Aluminium Co 1.15 Amalgamated Ind 0.49 Aminvestment Grp ....unch \mmb Hldgs Bhd
      2,261 words
    • Article
      Lock icon Record drop in US 10-city home prices
      383 13 Reuters [NEW YORK] US home prices in 10 major metropolitan areas fell a record 8.4 per cent in the year through November, suggesting the housing slump is worsening, according to a Standard Poor's (S&P) index released on Tuesday. The decline in the S&P/Case-Shill-er
      Reuters  -  383 words
    • Article
      Lock icon Japanese firms cut output as exports slacken
      384 13  -  ANTHONY ROWLEY JAPANESE manufacturers are beginning to cut output as exports slacken, it was revealed yesterday. The news has dealt another blow to hopes that domestic demand might be strong enough to keep the economy moving forward in the face of looming recession
      384 words
  • Page 13 Advertisements
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      105 13 I I If you are in any of these situations: -^^^^"^^fc^ 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
      105 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Survey shows M'sians hot on property trail
      539 14  -  PAULINE NG 88% of respondents say they intend to buy a property in the next 12 months in Kuala Lumpur MALAYSIANS are keen property purchasers, and many are still on the lookout for investment opportunities, according to a recent survey. Real estate website
      539 words
    • Article
      Lock icon Indonesian power firm employees protest
      156 14 Reuters [JAKARTA] About 5,000 employees of Indonesia's state electricity company staged a protest outside the president's office yesterday over a restructuring plan which they fear will result in job cuts. The employees of PT Perusahaan Listrik Negara (PLN) threatened to go on strike, putting the
      – Reuters  -  156 words
    • Article, Illustration
      Lock icon Abdullah should make way for Najib: Dr M
      281 14 Bloomberg [PUTRAJAYA] Former Malaysian prime minister Mahathir Mohamad yesterday said that his handpicked successor, Abdullah Ahmad Badawi, should quit to comply with a "gentleman's agreement" struck in 2003. Mr Abdullah, 68, who plans to hold a general election this year, should relinquish
      Bloomberg  -  281 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7796 14 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.911/ Star Europe Bond 1.207/ Star Europe Bal 1.178/ Star Asian Tiger Eqty 1.408/ Star Asia Bond 1.239/ Star Asia Balanced 1.003/ Star Global Technology Fund!** 0.197/ Multi St Fd 0.907/ Star Asia Bond(USD) 0.872/ Gib Multi St USD
      7,796 words
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      58 14 W^^^^^^^^^^^HB ™E EXPERTISE OF MAN^ THE STRENGTH OF ONE fflffiz'/s'','-■'X'/,''{:'fC'^zZ'jo\..' 'S?0f& ."""-^^k^^^^^^^^™ t t^ie core our business are multiple world-class investment management 1* Jf I '^£&V» *'•>'--;'•;;; ''v''^^^.^''-"'-"-^^^^;^^^^ j ffifflft groups Franklin, Templeton and Mutual Series each operating autonomously jg^, %s£&yy^y%;&^ and offering our clients their unique perspectives. FRANKLIN TEMPLETON
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  • GREATER CHINA
    • Article, Illustration
      Lock icon 'GREEN' LANTERNS GET POPULAR
      47 15 AP (ZAOZHUANG] Two boys making their choices on Tuesday from among a collection of lanterns made from recycled paper here in eastern China's Shandong province. These environment-friendly lanterns are finding favour among consumers at local fairs ahead of Chinese New Year next week.
      AP  -  47 words
    • Article
      Lock icon CITIC Bank's '08 loan quota set at 95b yuan: sources
      244 15 Reuters CBRC also requires all 2nd-tier banks to report loans monthly [BEIJING] Beijing has set CITIC Bank's 2008 new loan quota at 95 billion yuan (SslB.B billion) as part of efforts to rein in credit growth at the country's second-tier
      – Reuters  -  244 words
    • Article
      Lock icon China scores high on graft risks: global study
      194 15 Bloomberg [WASHINGTON] China ranks in the bottom fifth of countries able to combat corruption in government, the judiciary and business, underlining the risks facing foreign investors, according to a report by a US research group. China overall has "very weak" controls against
      – Bloomberg  -  194 words
    • Article
      Lock icon ADB sees China growth slowing by 1% in 2008
      232 15 Reuters [MADRID] Chinese economic growth is likely to slow by one percentage point or slightly more this year as the US economy hits the brakes, the head of the Asian Development Bank (ADB) said on Tuesday. "I also think that the
      Reuters  -  232 words
    • Article
      Lock icon Goldman's top man in Asia to step down
      160 15 Bloomberg [BEIJING] Goldman Sachs Group Inc's co-head of Asia investment banking, Richard Ong, is leaving after 15 years at the world's largest securities firm and plans to return to his native Malaysia to help run the family business. Mr Ong, 42, will
      Bloomberg  -  160 words
    • Article
      Lock icon China's account surpluses likely to stay: Safe
      403 15 Reuters But its international payments may fluctuate more amid growing uncertainty [BEIJING] China's international payments are likely to remain out of balance even as the government encourages firms and individuals to invest abroad, the country's currency regulator said on Tuesday. In a summary
      Reuters  -  403 words
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      641 15 itia EBHot Imm j Footnote: 1. Qualifying orders of 2-Second Guarantee are limited to market orders to buy, seil, or buy-to-cover from 100 to 500 shares of the stocks included in the S&P 500 Index. Only orders received between 9:45 a.m. and 3:59 p.m. ET are eligible. (If the market
      641 words
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  • INDIA
    • Article
      Lock icon Bharti Q3 sales, profit jump 42%
      543 16 -Bloomberg It adds record 6.28 m customers to end with 55.2 m, or 24% of the market share [NEW DELHI] Bharti Airtel Ltd, controlled by Indian billionaire Sunil Mittal, said sales and profit rose 42 per cent, beating estimates, after winning clients at a
      -Bloomberg  -  543 words
    • Article
      Lock icon Foreign fund caps raised for some sectors
      428 16 Reuters [NEW DELHI] India raised caps on foreign investment in civil aviation, refineries, some mining of minerals, and commodity exchanges yesterday as it hopes to hook more overseas money for its fast-growing economy. The South Asian giant is particularly looking abroad for financing
      – Reuters  -  428 words
    • Article
      Lock icon UTI to sell stake for US$200m: report
      135 16 Reuters [MUMBAI] UTI Asset Management, India's second- largest mutual fund firm, plans to sell a 10-12 per cent stake to an international investor for about US$2OO million, ahead of its initial public offering, the Economic Times said yesterday. About half-a-dozen firms including Goldman
      – Reuters  -  135 words
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      72 16 I m ■I j^Sfe ii: 1 H HI I _^Bfe. I Ml m m\ IttW It* T*:\\\\\\\\\\\\\\\\\\\m\\\\\\\m H f jS M B \m mw WwTmmi^W^M B\ W k i^jyis si kii^Ami^^ 1 RRuujJißiß WSttiMi L^^Am wM9 BBS m Bi||Bm. 1 B 1 V Jfl ■f X.'''■■■■• Organiser: Official Make-Up: Official
      72 words
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      20 16 To download software, SMS the word 'Tap" to *****. 7anCode TermS and COnditiOnS aPPIV. -See More Know More Get More-
      20 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon SWFs stabilise markets: UK regulator
      450 17 Reuters Despite transparency issues, they help increase liquidity amid sub-prime crisis [LONDON] Sovereign wealth funds (SWFs) may have transparency issues, but they stabilise markets and increase liquidity, Britain's financial regulator said in a report on Tuesday. As the rising class of state-controlled investment groups in
      ■ Reuters  -  450 words
    • Article, Illustration
      Lock icon SocGen board decides to keep chairman
      600 17 -AP [PARIS] French bank Societe Generale's board of directors decided yesterday to keep chairman and CEO Daniel Bouton, despite mounting pressure for him to resign over huge trading losses, a spokeswoman said. The board unanimously asked Mr Bouton and co-chief executive officer Philippe Citerne
      -AP; AFP  -  600 words
    • Article
      Lock icon US economy may stall this year: IMF
      252 17 -AFP [WASHINGTON] The US economy could nearly stall this year without a stimulus plan to bolster the Federal Reserve's interest rate cuts, the International Monetary Fund (IMF) said on Tuesday. The IMF revised sharply lower its economic growth forecast for the United States,
      -AFP  -  252 words
    • Article
      Lock icon McCain emerges as Republican front-runner with Florida win
      429 17 -AP [MIAMI] US Senator John McCain emerged as the clear front-runner for the Republican presidential nomination with a victory in the hotly contested Florida primary, lining up a quick endorsement from soon-to-be dropout Rudy Giuliani before next week's coast-to-coast contests. The Republican
      -AP  -  429 words
    • Article
      Lock icon US sub-prime lenders face FBI investigation
      343 17 Reuters, AP [WASHINGTON] The shadow of an FBI investigation spread across the sub-prime mortgage crisis on Tuesday, while the US Congress moved closer to emergency relief for millions of distressed homeowners. At the same time, the British government announced plans yesterday to overhaul Britain's
      Reuters, AP  -  343 words
    • Article
      Lock icon Mizuho's sub-prime losses may double to US$2.8b: reports
      266 17 Reuters [TOKYO] Sub-prime losses at Japan's Mizuho Financial Group may have nearly doubled to US$2.B billion. This can potentially force the bank to further cut its forecast and plough more money into its struggling brokerage, newspaper reports said yesterday. Japanese banks have
      – Reuters  -  266 words
    • Article, Illustration
      Lock icon Fleet splits up at Bunguran Island
      342 17 Photo: THE fleet has split into two distinct groups as the teams choose different ways to navigate around the Indonesian Island of Bunguran. The eastern group, currently being led by Jamaica, also includes Qingdao, Glasgow: Scotland with style Clipper and Uniquely Singapore. Despite this
      : ONEDITION  -  342 words
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  • AVIATION
    • Article
      Lock icon Beijing hard-pressed to find new airport location
      436 18 Reuters Official hopes new airport opens by 2015 to meet soaring demand [BEIJING] Facing soaring demand for air travel, Beijing is looking for a site to build a new airport, which should open by 2015, but is finding it hard to choose a
      ■ Reuters  -  436 words
    • Article
      Lock icon Boeing delays Japan aerial tanker delivery again
      372 18 Reuters [WASHINGTON] Boeing Co said on Tuesday it would deliver two 767 aerial refuelling tankers to Japan by the end of March at the latest after vowing last month to ship them by the end of January. Another two 767 tankers will be
      ■ Reuters  -  372 words
    • Article, Illustration
      Lock icon Euro carrier may back Delta merger
      302 18 Bloomberg [WASHINGTON] Air France-KLM Group may be a "lubricant" in a merger of its US airline alliance partners Delta Air Lines Inc and Northwest Airlines Corp, said Leo van Wijk, the European carrier's vice-chair-man. "We do not exclude, as we have said in the
      – Bloomberg; REUTERS  -  302 words
    • Article
      Lock icon Emirates in tie-up for innovation lab
      191 18 Xinhua [ABU DHABI] Microsoft and the Dubai-based Emirates Airline will set up an innovation lab in Dubai to develop products and services for the travel industry, local newspaper Gulf News reported yesterday. The lab, which will be among the first of its kind for
      – Xinhua  -  191 words
    • Article
      Lock icon US airlines post losses on soaring fuel prices
      772 18 Bloomberg [CHICAGO] Northwest Airlines Corp, Jetßlue Airways Corp and AirTran Holdings Inc posted fourth-quarter losses as rising fuel costs erased gains from fare increases. Northwest said its deficit was US$B million after a US$267 million year-earli-er loss in bankruptcy, while Jetßlue's US$4
      – Bloomberg  -  772 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2405 18 AIRLINE CODES: an Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd' G Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA Airways Corpn
      2,405 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      430 18 CRYPTIC CROSSWORD ACROSS 1 Each April go around a rj —R —l [3 —l IZ —I R —l ijfM? —■■■M? group of islands (11) BJ mm 9 Skilled President left to get MS HH IHH HH HH H9 stuck in (4) Bl^^ 10 Vehicle track man's found in WM the
      430 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Plans to blast new ship channel on Yangtze
      284 19 Xinhua [WUHAN] Chinese engineers are planning to blast rock reefs at the Three Gorges reservoir on the upper Yangtze River to open up a new channel to allow heavy ships to sail directly into Chongqing. Yangtze River Waterway Bureau director Tang Guanjun
      – Xinhua; REUTERS  -  284 words
    • Article
      Lock icon Ship classifiers raided by competition watchdogs
      411 19 Reuters The five European societies suspected of anti-competitive collusion [OSLO] Five European ship classification societies have been raided by European competition watchdogs on suspicion of anti-competi-tive collusion through a sector cooperation body, Norwegian classifier DNV said yesterday. The probe extends to DNV and four
      Reuters  -  411 words
    • Article
      Lock icon Excel to buy larger rival for US$2.4b
      707 19 Bloomberg Deal creates world's No 4 Panamax-size carrier company [NEW YORK] Excel Maritime Carriers Ltd agreed to buy larger rival Quintana Maritime Ltd for U552.45 billion, including debt, to more than triple its fleet size, which carries commodities including ore and coal. Excel
      Bloomberg  -  707 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        105 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp Labroy Marine MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.55 0.34 4.51 0.89 2.21 1.02 0.08
        105 words
      • Article
        Lock icon KLSE
        36 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.89 9.60 9.45 3.58 3.00 0.27 0.17 -0.04 0.10 unch unch unch 0.01 unch 421 101! 1241 2101 2< 1! 15!
        36 words
      • Article
        Lock icon BANGKOK
        7 19 '00 ■recious Ship .23.60 1.70 291
        7 words
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        Lock icon HONGKONG
        11 19 '000 Doil iingamas Cont 44.55 2.35 0.95 0.01 120! 1771
        11 words
      • Article
        Lock icon PHILIPPINES
        21 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.60 38.00 2.30 1.82 unch -0.50 -0.02 unch 597! 232: S,
        21 words
      • Article
        Lock icon TAIPEI
        21 19 Evergreen Marine ...24.00 :irst Steamship 48.50 /Van Hai Lines 22.80 r"ang Ming Marine...20.90 0.55 2.50 -0.05 0.35 2 1 1
        21 words
      • Article
        Lock icon TOKYO
        39 19 '000 Cawasaki Hvy Ind ..263.00 unch 2354* (awasaki Kisen ....1039.00 25.00 1281! Mitsubishi Hvy 436.00 1.00 ***** Mitsui Eng&Sbldg...345.00 12.00 ***** Mitsui Osk Lines ...1304.00 73.00 2731! Mippon Express 564.00 16.00 798! MipponYusen 858.00 33.00 2300: iource: Reuters
        39 words
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      251 19 «*MtA»W? EXClisiur VPetPrK! I 198 upset with 1 11 k^ J gamma XCLUSIVE .i StS?iL I dhel ffl \^T 1 11^3v/>£ Et f^f\ theposhesV?fsE^H^Bf '"-'^7 people 1 hlj FOR WORKS f J^**^ i| J j **S»^*^ X GIFTIDEAS party ETiouml'l*PLr,t!«Jli fc Of' Ji. *^^^J uM«Et WSKSKR I I ■WWMM»*«IB TOTURNYbURKIDS
      251 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Asian stocks – down but not out
      537 20 Asian stocks down but not out BUFFETED by headwinds from the US sub-prime mortgage crisis, global stock markets are now currently in the grip of a cyclical bear market on average, the major South-east Asian equity indices are down 12-15 per cent for the year so far. However, investors suffering
      537 words
    • Article, Illustration
      Lock icon Will 'Billary' stop the Obama resurgence?
      1085 20  -  LEON HADAR Expect a long and nasty fight between these political stars SENATOR Barack Obama's crushing victory over Senator Hillary Rodham Clinton in the South Carolina Democratic presidential primary on Saturday has provided his campaign with huge political momentum as these two political stars,
      AP  -  1,085 words
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      Lock icon Sub-prime witch hunt: more harm than good
      830 20  -  ANTHONY ROWLEY THE BOTTOM LINE FRANK by name and frank by nature, chairman of the US House of Representatives financial services committee Barney Frank is an outspoken and pugnacious seeker after truth and would-be righter of wrongs. But even he and his Democrat
      830 words
    • Article, Illustration
      Lock icon Sub-prime lenders get a big break
      970 21  -  JONATHAN WEIL SEC's chief accountant grants them huge exemption from the normal rules for off-balance-sheet accounting JUST when it seemed as if the mortgage mess had hit a new low, comes this: the US Securities and Exchange Commission's (SEC) staff has granted the sub-prime-lending
      REUTERS  -  970 words
    • Article
      Lock icon Protectionism from rich countries biggest challenge for 'new' China
      1185 21  -  TIGER TONG As the world economic environment turns gloomy, China's economy faces its first tough test since the Asian financial crisis 2008 marks the 30th anniversary of China's opendoor policy. The past three decades have transformed China from a worn-down country
      1,185 words
    • Article
      Lock icon Companies should acknowledge receipt of proxy forms
      182 21  -  Denis Distant LETTER TO THE EDITOR SINGAPORE'S Companies Act allows company shareholders to appoint two proxies if they are not attending shareholder meetings themselves. In practice however, this facility can cause embarrassment and inconvenience when the proxy holder turns up at the meeting
      182 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8477 22 Transaction date: Jan 30 52-wks Tel |h Low Code Last Sale Vol ('000) Hii Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E MCap $mil 52-wks Tel |h Low Code Last Sale Vol Day < Last Quote Div GrYld Net ('000) High Low Buyer Seller
      8,477 words
    • Article
      Lock icon SGX XTRANET
      64 22 Hii Low Code Com Sale I'ooo; Hii Low Bm Seller C'vr P/E ■mil 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 IS S&P500 ***** ***** 6170 SPDRS 398.3 297.5 6009 STI ETF US200cd US6200 US1000 US*****
      64 words
    • Article
      Lock icon SGX CATALIST
      2085 22 Wk Tel Low Code Last Sale Vol C000) lay I Low By .ast «er Quote Seller Div C'vr Net P/E Cap ,mil Hii Comi >an' Hii 30 11.5 1181 s AAGrp 415 18 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System
      2,085 words
    • Article
      Lock icon CLOB INTERNATIONAL
      204 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      204 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      25 22 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. iH ~fej[ m 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676.
      25 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 23 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 29 World Index Preliminary 1030.4 1.0 -6.4 1.1 -8.9 0.9 -1.8 EAFE Preliminary 1000.4 1.6 -9.7 1.6 -8.7 1.5 -1.5 Euro[ Preliminary 1374.7 1.6 -8.0 1.6 -7.6 1.5 -0.3 Pacific 860.6
      365 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      134 23 As at 9am Jan 30 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2530 1.2680 Can dollar 1.4140 1.4310 Euro 2.0860 2.1090 NZ dollar 1.0960 1.1190 jterlin iund 2.8110 2.8430 US dollar 1.4130 1.4290 Local dollars to 100 units of foreign
      134 words
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      Lock icon INTERBANK RATES
      162 23 Jan 30 $S_ Offer Bid Overnight 3/4 1-month 1 11/16 2-months 1 11/16 3-months 1 11/16 Overnight mode: 1 13/16 US$ Offer 1/2 1 9/16 1 9/16 1 9/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 3.35 3.30 3.32
      162 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 23 Jan 30 ten .Hi Sett STI SIMSCI Jan 373.9 376.5 365.4 Taiwan Jan 295.3 301.5 296.2 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 23 Jan 3d Bid Offer -month 1.4171 1.418. !-months 1.4153 1.4161 i-months 1.4133 1.414: i-months 1.4082 1.4091 Source: OCB<
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 23 Jan 30 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2588 1.2604 0.8870 0.8874 Canadian dollar 1.4232 1.4251 1.0028 1.0034 Euro 2.0969 2.0989 1.4775 1.4778 NZ dollar 1.1023 1.1046 0.7767 0.7777 Sterlim md 2.8253 2.8281 1.9908 1.9912
      156 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      359 23 Jan 30 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO8 JunO8 SepO8 DecO8 96.960 97.370 97.410 97.325 0 0 0 0 ***** ***** ***** 9119 EUROYEN FUTURES MarO8 99.215 99.225B JunO8 99.395 99.400 SepO8 99.400 99.425 DecO8 99.390 99.390 MarO9 99.300 99.325 JunO9 SepO9 DecO9 99.210
      359 words
    • Article
      Lock icon SICOM FUTURES
      282 23 Jan 30 RUBBER 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 JunO8 Jul/Sep 08 380.50 382.00 384.75 384.75 384.75 384.50 RSS 3 (US cents/kg) Month Hig a!? Low Sett Volume (tonnes) Open
      282 words
    • Article
      Lock icon CHICAGO BOT
      102 23 Jan 29 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low MarO8 1266.75 1253.75 1267.50 1247.00 May 08 1285.50 1272.25 1286.00 1265.00 Jul 08 1297.00 1287.00 1298.00 1280.50 Aug 08 1285.00 1278.00 1286.00 1270.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 08 53.42 52.55 53.52 52.48
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 23 CRUDE OIL PRODUCTS Jan 29 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 92.01 1.38 WTI (Near Mth) 91.67 0.81 Dubai (1-Mth F) 86.89 1.79 Tapis blend 97.2 1.9 Minas 94.15 0.6 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 94.10 104.70 1.00 1.25 US$/barrel Opec Oil
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      467 23 Jan 30 AS Rmb Euro HKS Ind Rs Ru Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.884 6.381 0.600 6.923 34.982 82.510 0.946 8.380 2.871 1.142 55.552 36.074 1.260 6.386 0.968 28.572 29.304 0.446 0.887 Canada 1.131 7.215 0.679
      467 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 23 Jan 30 Period Issue code Maturity Yesterday's Bid Day's |h Low Hi, 3-Month BQ*****S 02.05.08 1-Year BY*****A 29.09.08 1.42 1.49 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****X 3.125
      87 words
    • Article
      Lock icon PRECIOUS METALS
      140 23 Jan 30 GOLD (USS/oz) Jan 30 Jan 29 Hong Kong London 918.50 918.50 919.50 919.50 Jan 29 Jan 28 926.30 923.60 927.20 924.30 Source: Reuters CAST BAR (S$) Jan 30 Buying Sellini Kilobar "45,238.53" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
      140 words
    • Article
      Lock icon SIBOR
      76 23 Jan 30 (US$) (SS) 3.***** 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** 1 mth 2 mths 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 9 mths 12 mths 3.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 2.***** 4yrs
      76 words
    • Article
      Lock icon PALM OIL
      66 23 Jan 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Feb OS 3238 3211 3238 3211 48 464 Mar 08 3228 3221 3248 3216 1470 ***** Apr 08 3236 3224 3254 3218 5939 ***** May 08 3235 3220
      66 words
    • Article
      Lock icon LONDON METALS
      68 23 Aluminium, 99.7% purity (USS/tonne) Close Previou: Cash 2604.20 2469.50 3 months 2645.00 2512.00 Copper, Grade A (USS/tonne) Cash 3 months 7295.00 7291.00 7049.50 7060.00 Lead (USS/tonne) Cash 2774.00 3 months 2780.00 2654.00 2664.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3 months *****.00
      68 words
    • Article
      Lock icon LIFFE
      79 23 Jan 29 COCOA (£/tonne) Close Prev Hii ih/Low Mar 08 1153 1147 1154/1135 May 08 1176 1169 1178/1157 JulO8 1200 1194 1202/1188 SepO8 1188 1182 1188/1170 COFFEE (US$/tonne) Close Pev High/Low Jan 08 2057 2039 2064/2026 Mar 08 2071 2057 2082/2042 May 08 2097 2079 2106/2065 JulO8 2119 2096
      79 words
    • Article
      Lock icon BONDS & WARRANTS
      2129 23 BONDS WARRANTS Fel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left !036 Advance SCT Ltd W*****9 11 0.5 200 1 87 63 5.45 31 !798Ascendas REITSGA ECW*****3 1 -1.5 1160 1 248 2 )092Asia Environment W*****4 14 -1.5 30 1 38 7
      2,129 words
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      3456 24 m t The Business Times Shipping Times M RPB ___k I WAN HAI INTERNATIONAL PTE LTD CR NO: **********0/R U aaaam -A aaW Jgg«JWWS»j««J=J :._k._M_ll!lmlBBI9g}>BKgi II*. -I TEL *****588 (14 LINES) FAX: *****163 1 V a V !Millr7*>TlB PilP^lPHIIBiliPIIIH HmmSB UJUSgEgfj&E I \\\N 1 lAfflN HAI INpX Customer Service/Bookings Direct
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      3480 25 I XSiF '1 mmmmmmm^^ mmM^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^M W mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm' v OGIST/C > WEEKLY EXPRESS SAILING SCHEDULE _I 1 WL1....-.- !^M [_D IT I VOY I PKL I SIN I KHI I DXB I BAB I DMM I BIK IKH H ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS N kT_rW_E r
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      3924 26 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 SINDesfnName Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name
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  • BizIT
    • Article, Illustration
      Lock icon Sun plans major increase in APJ headcount
      974 27 Main constraint to growth is manpower, Sun's regional boss tells AMIT ROY CHOUDHURY RIDING on six consecutive quarters of growth in the Asia-Pacific, including Japan (APJ), Sun Microsystems is looking to ramp up operations by increasing headcount significantly. Sun's APJ boss, Denis Heraud,
      974 words
    • Article
      Lock icon S'pore picked to be LG's regional HQ
      325 27  -  WINSTON CHAI It aims to secure top spot in the handset market here by 2010 SINGAPORE'S efforts to become a hub for multinationals have received another shot in the arm, with LG Electronics choosing the island for its Asia-Pacific headquarters. As the group's
      325 words
    • Article
      Lock icon Watch for CNY online scams: security vendors
      755 27  -  ONG BOON KIAT SURF the Web, but do so with more caution over the "hinese New Year period md Valentine's Day, securi;y experts warn. That's because online icammers will be ramping ip their dirty tricks over ;he next two weeks, to prey an
      755 words
    • Article
      Lock icon Google adopts universal search for Korean services
      151 27 ■AP [SEOUL] Google Inc said yesterday it has overhauled its Korean-language search engine to broaden its appeal in South Korea, one of the world's most wired countries. Google has adopted universal search a re-sults-blending concept that has caught on at other top search
      ■AP  -  151 words
    • Article
      Lock icon Video will drive network expansion
      266 27 Bloomberg [JERUSALEM] Cisco Systems Inc chief executive officer John Chambers said telecommunication companies will expand their networks to accommodate more traffic in the next 10 years, driven by increased use of video. "We clearly bet on this not just in the last year, but six
      Bloomberg  -  266 words
    • Article
      Lock icon Searching for Singapore's next IT Idols
      654 27 <we say> Some have pointed to the comfortable and orderly conditions in this 'air-conditioned nation' as being less than ideal for the enterprising spirit, writes KENNETH JAMES TRY it some time. Ask a group of IT-savvy friends or colleagues who they would consider to
      654 words
  • Page 27 Miscellaneous
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  • PROPERTY
    • Article
      Lock icon Bruised Aussie property sector headed for consolidation
      592 28 Reuters Bankers expect tough year for fund raising as investors desert sector [SYDNEY] Australia's bruised property sector is betting that the current market turmoil could spark a wave of consolidation, while property bankers see a quiet year for fund raising after a prolific
      Reuters  -  592 words
    • Article, Illustration
      Lock icon NZ building permits fall to 6-yr low
      349 28 Bloomberg [WELLINGTON] New Zealand's home-building approvals fell to a six-year low in December, adding to evidence that record-high interest rates are damping demand for property. Permits granted to build new houses and apartments dropped 5.2 per cent from November to 1,838, Statistics New
      Bloomberg; BLOOMBERG  -  349 words
    • Article, Illustration
      Lock icon Jones Lang Q4 profit jumps 31% to US$l0s.4m
      341 29 Bloomberg European markets lead operating income, rising 58% [NEW YORK] Jones Lang LaSalle, the world's sec-ond-largest commercial real estate broker, has reported that fourth-quarter profit gained 31 per cent on investment fees and property sales and management in Europe. Net income climbed
      Bloomberg; AFP  -  341 words
    • Article
      Lock icon Carlton now part of Worldhotels network
      390 29  -  GEOFFREY LEE It is the third Spore hotel to do so, after Goodwood and York [SINGAPORE! From tomorrow, Carlton Hotel Singapore will join the prestigious Worldhotels "First Class Collection" marketing network. Worldhotels is a Europe-an-based global hotels group bringing together individual and independent hotels
      390 words
    • Article, Illustration
      Lock icon China firms' risk overstated: Merrill
      431 30 Bloomberg Bond yield spreads now excessive; further price falls are hard to justify [HONG KONG] Investors in bonds of Chinese real estate developers are pricing in too much risk of default, pushing spreads to record highs, analysts at Merrill Lynch said yesterday. US dollar-denominated bonds
      – Bloomberg; AP  -  431 words
    • Article
      Lock icon Tokyo warehouse rents rise 12% on supply crunch
      157 30 Bloomberg [TOKYO] Tokyo warehouse rents rose 12 per cent in the second half of 2007 as the supply of new space grew at a slower pace than demand, a unit of CB Richard Ellis Group said in a report on Tuesday. The
      – Bloomberg  -  157 words
    • Article
      Lock icon Credit fallout hits first-time home buyers in the UK
      340 30 Reuters Lenders demanding higher deposits on debt market fears [LONDON] First-time buyers are finding it harder to get a foot on the British property ladder than at any time since 2005, a survey showed on Tuesday, but mortgage payments are becoming
      – Reuters  -  340 words
  • Page 28 Advertisements
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      412 28 Newly Restored Shophouses Geylang between Lor 28 and 30 I Island block of 12 restored two storey shophouses J^^^^^ H» Freehold i '*'—^^Jyi^ Wide and prominent frontage $H j— Total strata floor area: 29,504 sq ft approx., *:fl__B —t rH-fflS ..1 _Sl i 1 _H subject to final survey fcdlpL.li..
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      28 28 Nice plot, 7373 sq.ft. Own stay with re-development potential Freehold, South-East facing Mins to Novena MRT/Orchard/Top School DON'T MISS SELL VALUE $7.5 M Eunice Chew 9730 3338 DWG
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      309 29 Eng Wah Portfolio Consists of 3 proactive management r^~T~^ I opportunities and 2 redevelopment mm^^^^^^^F s < Retail F&B with Eng Wah cinema m f wmmm JS!M^^mm*\ Toa Payoh Entertainment Centre s 2s§sjb kJ!ffisC" Strata Title office unit ~'?l"s|Gr* X E "t- "JA^i Orchard Towers (16 th Floor) 3.!.^ P^_________a^_MM
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      125 29 m^^MnvTmYStiYMH PI <«? I H 111 Wi fl HI H V| Q |Ejga] t. II '^o^* More Than /tut Another Luxury Kendence, Its A Shining £«fire.sion Of Status St Achievement. %> Live beyond luxury in Orchard ft:"* Road, a prime residential address '^-.■■■rSs in Singapore Enchanting 4+l Bedrooms, ■E;''>,:_._ 4,lB7sqft,
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