The Business Times, 13 February 2008

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    26 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg «p* a Singapore press holdings publication co regn no *****2868E mica (p) 122/12/2007 Wednesday, February 13,2008
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  • Article
    Lock icon Income that stretches a lifetime, under new scheme
    1000 1 Lifelong Income scheme to ensure Singaporeans have income as long as they live By [SINGAPORE] Singaporeans were yesterday given a detailed look at the scheme that could change the complexion of their retirement years. It comes with the promise that they will
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      42 1 uesi iam ICOMP 1,417.52 +10.14 IIKKEI 225 13,021.96 +4.72 IANG SENG 22,921.67 +305.56 ;et INDEX 817.49 +13.34 JAKARTA COM P 2,592.07 +2.69 1ANILACOMP 3,200.90 +21.42 ;eoulcomp 1,643.29 +2.62 ;henzhen B Closed IUMBAI IND 16,608.01 -22.90 11AM EDT Change 12,452.91 +212.90 )OW
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    • Article
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.75 INDONESIA 15.605 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 6.00 CANADA 5.75 SWITZERLAND 4.22 INDIA 12.75 Source: Bloomberg
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      40 1 IS$ (S$ ier US$) 1.418 (US$/S$ ii 1.953 2.771 :uroi ;us$/s$/e; 1.454 2.062 'EN 107.10 75.50 3.239 2.284 IK$ 7.798 5.498 !AHT 32.88 23.18 IUPIAH 9,270 6,536 IENMINBI 7.190 5.069 INDIAN RUPEE 39.63 27.94 1.106 0.780 IZ$ 1.265 0.892
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  • Article, Illustration
    Lock icon Jurong Shipyard hits back as Wee claims its board knew of his trades
    684 1  -  CONRAD RAJ Letter to BNPP gives fresh twist to SembMarine forex loss case By [SINGAPORE] The case surrounding former SembCorp Marine finance head, Wee Sing Guan, whose trades with 11 banks could result in losses of US$3O3
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Fresh AIG losses cast new pall over Wall Street
        64 2 ACCOUNTING flaws at American International Group significantly understated the insurance giant's losses on complex financial instruments linked to mortgages and corporate debt, raising new questions about the deteriorating health of financial companies. The disclosure raised concern that other companies could report
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      • Article
        Lock icon NOL Q4 profit up almost four times to US$l96m
        59 2 NEPTUNE Orient Lines reported fourth-quarter net profit of US$l96 million, almost four times the US$5O million for the previous corresponding quarter. The near quadrupling in earnings for the quarter ended Dec 28, 2007, was achieved on a 22 per cent rise
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      • Article
        Lock icon DBS seen posting sharply lower Q4 earnings
        53 2 DBS Group Holdings could report sharply lower fourth-quarter 2007 earnings of $350 million this Friday, hit by more writedowns and plunging margins, says Morgan Stanley analyst Matthew Wilson. The bank is expected to write down at least $225 million, Mr Wilson reckons. COMPANY
        53 words
      • Article
        Lock icon Aztech wins $253m material supply deal
        75 2 AZTECH Systems said yesterday that it has secured a contract for the supply of construction material worth about $253 million. The contract is projected to be executed in three stages. The first stage, over six months, is valued at $23 million. The subsequent two
        75 words
      • Article
        Lock icon Credit crisis spreading far beyond sub-prime loans
        61 2 THE credit crisis is no longer just a sub-prime mortgage problem. As US home prices fall and banks tighten lending standards, people with good, or prime, credit histories are falling behind on their house payments, car loans and credit cards at a quickening
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      • Article
        Lock icon Property arm of Naza Group plans RM850m listing
        48 2 DESPITE global jitters over the housing market, TTDI Development, the property arm of the Naza Group, plans to launch an initial public offering this year that is targeting at least RMBSO million (*****.5 million) in market capitalisation. MALAYSIA/INDONESIA, PAGE 12
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      • Article
        Lock icon India's Dec industrial output growth beats forecasts
        67 2 INDIA'S industrial production accelerated in December as record investment in factories, roads and power plants boosted demand for cement and steel. Production at factories, utilities and mines rose 7.6 per cent from a year earlier, after gaining a revised 5.1 per cent in
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    • Article, Illustration
      Lock icon 'How to' guide to make audit panels' job easier
      556 2  -  MICHELLE QUAH AC guidance panel hopes to be able to publish its practical guidelines in Sept By [SINGAPORE] To see your company embroiled in a financial scandal especially if it stemmed from financial irregularities or poor internal controls is every audit
      FILE PHOTO  -  556 words
    • Article
      Lock icon Lifelong Income scheme comes with array of choices
      883 2  -  CHEN HUIFEN Permutations reflect diverse situations of Singaporeans By [SINGAPORE] With 12 possible permutations that one can opt into, Singaporeans turning 55 years old in 2013 and after are set to face a mind-boggling array of options on their participation in the
      883 words
    • Article
      Lock icon Fresh AIG losses cast darker pall over Wall St
      556 3 -NYT Shares dive 12% after it raises losses of credit default swaps to USs4.BBb [NEW YORK] Accounting flaws at American International Group significantly understated the insurance giant's losses on complex financial instruments linked to mortgages and corporate debt, AIG said on
      -NYT  -  556 words
    • Article, Illustration
      Lock icon StarHub scores with Uefa exclusive broadcast rights
      435 3  -  SIOW LI SEN Winning deal leaves rival Sing Tel still without big sporting event for pay-TV By [SINGAPORE] Star Hub, Singapore's leading pay-TV provider, has won the exclusive rights to broadcast the 2008 Uefa European Football Championship. The development means rival Singapore Telecom
      AFP  -  435 words
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      Lock icon Page 2 Advertisements Column 1
      378 2 people.* Do we li now work you? (Register with us today) www.thepeopleatwork.com Asia-Pacific Executive Search Singapore's 2008 Budget Speech will be delivered by I Minister for Finance and Minister for Education, PwC Budget Seminar 2008 MrTharman Shanmugaratnam, on 15 February 2008. Who Should Attend Find out how the latest Budget
      378 words
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      Lock icon Page 2 Advertisements Column 2
      11 2 (kiK tU vtyM; stuff st c WWW.STroi.COM jobs cars property shops
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      141 3 Banyan w Utilities Energy Utility Services (Company Reg. No. *****7394Z) (Devdiallu< mutteA u&w to Stakeholder Consultation Meeting Banyan Utilities Private Limited is developing a Clean Development Mechanism (CDM) project; "5 MW Natural Gas based Co Generation Project" at 34 Banyan Place, Jurong Island, Singapore *****0. The project activity will achieve
      141 words
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      Lock icon Page 3 Advertisements Column 2
      14 3 ItA-sT, TECHNOLOGICAL Xssy UNIVERSITY m mm I I x r I I mm yd
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon NOL Q4 net up almost four times to US$196m
      540 4  -  VINCENT WEE Impressive earnings accompanied by 22% rise in revenue to USs2.4b By NEPTUNE Orient Lines has reported a fourth-quarter net profit of US$l96 million, almost four times the US$5O million for the previous corresponding quarter. The near quadrupling in earnings
      BLOOMBERG  -  540 words
    • Article
      Lock icon JTC's choice of Reit manager raises questions
      858 4  -  KALPANA RASHIWALA Mapletree is likely to engage a PR drive to dispel any notions of conflicts of interest in its stable HOCK LOCK SIEW JTC Corp has finally announced its selection of manager for a proposed real estate investment trust (Reit) that will
      858 words
    • Article
      Lock icon DBS seen posting sharply lower Q407 earnings
      540 5  -  SIOW LI SEN Bank is expected to write down at least $225 m: Morgan Stanley analyst By DBS Group Holdings could report sharply lower fourth-quarter 2007 earnings of $350 million this Friday, hit by more writedowns and plunging margins, says Morgan Stanley analyst
      540 words
    • Article
      Lock icon China Essence reports 85% jump in Q3 net profit
      241 5  -  WEE JUN KAI By CHINA Essence Group yesterday reported an 85 per cent year-on-year rise in net profit to 100.8 million yuan (5519.9 million) for its third quarter ended Dec 31, 2007. Revenue for the three months almost doubled from 166
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    • Article
      Lock icon At a glance
      43 5 Fu year en Dec 2007 NOL 751.73 523.06 43.7 11,734.05 10,444.91 12.3 UIS 32.49 29.37 Vicom 13.50 10.30 10.6 31.1 30.44 63.12 20.70 55.50 47.1 13.7 Notes: Net Profit refers to profit attributable to equity holders. Exchange rates: US$1 =S$1.438
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    • Article
      Lock icon Jade Tech in deal to sell loss-making unit
      333 5 JADE Technologies Holdings is selling its wholly owned, loss-making subsidiary Jade Precision Engineering (JPE). The company has entered into a sale and purchase agreement with United Pacific Industries (UPI) for the disposal of JPE. The proposed disposal is expected to be completed
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    • Article
      Lock icon Yoma in the black with $21m Q3 profit
      351 5  -  LYNETTE KHOO By YOMA Strategic Holdings achieved a $21.06 million net profit for its third quarter ended Dec 31 a turnaround from a $13.82 million loss a year earlier, thanks mainly to the completed acquisition of a 27 per cent interest in
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    • SINGAPORE MARKETS
      • Article, Illustration
        Lock icon Different strokes for different folks
        680 6  -  LARRY WEE CURRENCIES Three-category currency outcome is unfolding THINGS have been subdued in Asia over the past week due to the Chinese New Year break in many centres, but there was plenty of action elsewhere. After the shock loss in US jobs reported at the
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      • Article
        Lock icon Financial market recap
        222 6 Changes over the past week YEAR TO DATE FEB 12'08 HIGH LOW CLOSE CHNG US$ vs CURRENCY JPY 107.03 -0.53 124.16 104.95 SGD 1.4188 0.16 1.5479 1.4130 IDR 9275 0.71 9500 8650 THB 32.90 0.00 36.72 32.90 CNY 7.1840 0.00 7.8150 7.1818 MYR 3.2395 0.37 3.5250 3.2275
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      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        91 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 9 4 5 0 0 0 lanufacturini 95 38 46 17 15 112 42 61 Commerce 37 21 46 11 25 "pt/Stor/Comms 24 25 :inance 16 17 Construction 13 19 'roperties 29 29 lotels/Rsts iervices 37
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      • Article
        Lock icon SECURITIES TRADING TURNOVER
        117 6 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 19.670 19.670 106.352 106.352 Manufacturing 317.189 103.176 420.365 317.474 19.383 336.857 Commerce 70.773 2.304 73.077 51.796 284 52.080 Tpt/Stor/Comms 114.458 229 114.687 340.933 77 341.010 Finance 36.529 40 36.569 311.662 311.670 Construction 126.060 35.013 161.073 32.023 3.013 35.037 Properties
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      • Article
        Lock icon STRAITS TIMES INDEX STOCKS
        108 6 la pita Land 5.680 4-0.230 Olam 2.640 -0.060 Capita Mai 2.930 4-0.080 SIA 15.480 4-0.300 CityDev 11.220 4-0.160 SGX 8.840 4-0.050 Iosco Corp 4.140 4-0.110 SIA Engg 3.540 4-0.010 IBS Grp 16.780 4-0.120 SPH 4.420 4-0.060 :&N 4.620 -0.030 ST Engg 3.350 4-0.180 Sent Intl 0.620
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      • Article, Illustration
        Lock icon BROKERS' TAKE
        748 6  -  MATTHEW PHAN STILL one of our top picks: We are reinstating coverage on ASL Marine, with our "buy" recommendation maintained. Furthermore, we are raising our full-year net profit forecast by 23 per cent to $59.7 million for FYOB, while also raising our forecasts for FYO9 and FYIO by
        : Bloomberg  -  748 words
      • Article, Illustration
        Lock icon Stocks enjoy relief from recent selling
        538 6  -  R SIVANITHY STOCKS PRESSURE on stocks worldwide eased yesterday, starting with Wall Street on Monday and spreading to this part of the world yesterday. Thanks to a 1.4 per cent rebound in Hong Kong's Hang Seng Index, the Straits Times Index which had dropped
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      • Article, Illustration
        Lock icon STRAITS TIMES INDEX
        4 6 DAILY
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      • Article
        Lock icon OTHER SINGAPORE INDICES
        51 6 Feb 12 VALUE CLOSE -298.00 -144.0 BT OB/OS BT CADI -*****.00 +206.0 BT 10-day MA -*****.00 -30.00 FTSE ST Mid Cap 761.95 +9.40 FTSE ST Small Cap 683.15 +9.23 FTSE ST All Share 759.80+13.28 FTSE ST China 536.65+12.11 SIMSCI 359.49 +7.49 SIMSCI Futures 358.50 +9.10 PrimePartnersCI 177.52
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      • Article
        Lock icon MOST ACTIVE STOCKS
        54 6 VOLUME E3 Hlds 94,861,000 Jade Tech 72,428,000 UniFiber 50,082,000 JiutianC 47,360,000 SingTel 43,939,000 LottVis 33,248,000 Biosensors 31,377,000 CentraLand 31,251,000 Synear 22,024,000 China Honqxinq 19,303,000 VALUE(S) SingTel 169,511,220 DBS Grp 118,806,124 Capita Land 74,803,858 SGX 68,903,780 Keppel Corp 68,442,436 UOB 54,726,280 OCBC Bk 49,407,350 Wilmar 45,098,059 NOL 38,158,210
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      • Article
        Lock icon RISES
        108 6 CLOSE UP China H 10US$ 1649 53.9 2.4 S I A 1548 30.0 2.0 Creative Tech 654 29.0 4.6 Wilmar 430 25.0 6.2 .and 568 23.0 4.2 GLD 10US$ 9116 22.7 0.2 STXPOKW100 267 22.0 9.0 ii> iTel 10 392 22.0 5.9 DBS MBLiCW*****0 461 21.0 4.8 >im iTel
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      • Article
        Lock icon FALLS
        123 6 BY CENTS CLOSE DOWN Shani iriLa Asia 2010 -34.5 -8.6 ISMSCI India 100 784 -15.6 -1.4 Youcan 17 -12.0 -41.4 CoscoCori iRBeCW/*****8 5 -11.5 -69.7 10US$ 120 -11.3 -6.3 ilanMEReCW/***** 19.5 -11.0 -36.1 STI 3450 DBePW/*****2 119 -10.0 -7.8 Pan Honi 65 -9.0 -12.2 STI3150DBePW*****3 52.5 -9.0 -14.6 UOB
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      • Article
        Lock icon CURRENCIES
        85 6 iere« S$ stands Feb 12 %CHNG CLOSE FR Feb 11 YR 2008/07 S$ LOW S$ HIGH USS 1.4188 -0.06 1.5479 1.4130 Euro 2.0601 0.26 2.1639 1.9913 Pounds 2.7635 -0.09 3.1194 2.7855 AS 1.2834 -0.14 1.3555 1.1741 Yen* 1.3256 0.52 1.3821 1.2285 Rill liah* 0.***** -0.06 0.***** 0.***** Baht* 4.3125
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    • Article
      Lock icon Mercator's Q3 profit jumps to US$l4.4m
      348 7  -  VINCENT WEE Revenue for Oct-Dec period doubles; firm to buy more ships By\ INDIA and China-focused dry bulk shipping group Mercator Lines yesterday reported a net profit of US$l4.4 million for the three months to end-De-sember, up from US$2.4 million a year earlier. Revenue
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    • COMPANY BRIEFS
      • Article
        Lock icon Centillion narrows Q4 losses to $1.6m
        81 7 CENTILLION Environment Recycling Ltd chalked up net losses of $1.64 million for the fourth quarter ended Dec 31, 2007, compared with net losses of $2.03 million a year ago. Revenue was $21.3 million a substantial portion of which came from its new US subsidiary
        81 words
      • Article
        Lock icon SSC Q3 profit dives 91%
        64 7 SINGAPORE Shipping Corporation's net profit for the third quarter ended Dec 31 was depressed, falling by 91 per cent year-on-year to $497,000 as revenue took a 52 per cent dive to $3.14 million. But the group expects the performance for FY2OOB to remain profitable and
        64 words
      • Article
        Lock icon Union Steel H1 profit jumps 3-fold
        54 7 UNION Steel's net profit for the first half ended Dec 31, 2007, jumped three-fold from $4.4 million a year ago to $13.16 million, despite a decline in revenue, thanks to divestment gains from four properties. The group said it expects to be profitable for
        54 words
      • Article
        Lock icon Avi-Tech profit slips 12.9% in Q2
        81 7 AVI-TECH Electronics' net profit for the second quarter ended Dec 31, 2007, fell 12.9 per cent from a year ago to $3.72 million. Revenue grew 7.4 per cent to $21.96 million. Increases in materials used due to higher proportion of revenue contribution from the
        81 words
      • Article
        Lock icon Jurong Cement swings into black in Q3
        85 7 THANKS to a slight increase in revenue and lower costs, Jurong Cement swung from net losses of $1.62 million a year ago to net profit of $6.69 million for the third quarter ended Dec 31, 2007. The improved performance arose mainly from Singapore
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      • Article
        Lock icon Saizen Reit Q2 NPI up 77.8%
        46 7 SAIZEN Reit net property income for the second quarter ended Dec 31, 2007, jumped 77.8 per cent year-on-year to 602.4 million yen (557.95 million) on the back of an 85 per cent surge in gross revenue to 851 million yen.
        46 words
      • Article
        Lock icon KTL wins US$7m contract
        74 7 KTL Global said it has secured a five-year contract to supply up to US$7 million worth of wire ropes for crane equipment to the McDermott Group, a world-renowned engineering and construction company servicing the offshore oil and gas industry. KTL also announced a 24.6 per cent
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    • Article
      Lock icon Vicom full-year net profit accelerates 31% to $13.5m
      409 7  -  SAMUEL EE Rise due to new smoke test, increase in the number of vehicle inspections By A NEW mandatory smoke test and a rise in the number of vehicle inspections combined to boost Vicom's 2007 full-year net profit by 31.1 per cent
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    • Article
      Lock icon Aztech wins $253m material supply deal
      288 8  -  CHOW PENN NEE Contract was secured through wholly owned subsidiary AZ United By AZTECH Systems said yesterday that it has secured a contract for the supply of construction material worth about $253 million. The original equipment manufacturer (OEM) secured the contract through its wholly
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    • Article
      Lock icon Wee Hur clinches 2 deals totalling $146.5m
      322 8 RECENTLY listed Wee Hur Holdings, a building contractor in Singapore with a range of construction projects, has won two new contracts worth a total $146.5 million. The group announced yesterday that its wholly owned subsidiary, Wee Hur Construction Pte Ltd, has been awarded
      322 words
    • Article, Illustration
      Lock icon Robinson Q2 profit up 6.7% on higher sales
      467 8  -  LYNETTE KHOO By ROBINSON and Co said yesterday that its net profit for the second quarter ended Dec 31 rose 6.7 per cent from a year ago to $15.81 million led by stronger retail sales as the group expanded its footage and
      467 words
    • Article
      Lock icon ST Engg's US shipyard wins contract to build supply ships
      313 8  -  MATTHEW PHAN PSVs in the USs4smUSsssm contract to be delivered in 2010 By ST Engineering said its US shipyard, VT Halter Marine, has secured a new contract to design and build two platform supply vessels (PSVs), which are used to
      313 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      780 4 Caj^taLand Jjt GROUP A Member of CapHaLand 1. The offeree circular from Ascott has been despatched on 11 February 2008 The views of the directors of The Ascott Group Limited ("Ascott") who are considered independent for the purposes of the offer (the "Independent Directors") and the independent financial adviser to
      780 words
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      Lock icon Page 4 Advertisements Column 2
      148 4 Manage all your company's taxi reimbursements with Cabcharge \w^^fmmmWA mi •^'■■nti Vffil^i jl V^ Fm EBBS, J| There's a better and easier way to M L administer taxi reimbursements. Instead A of keeping receipts and processing M claims, just charge taxi rides to your M Cabcharge card. A It's that
      148 words
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  • Page 5 Advertisements
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      97 5 <•> l. i APPLY FOR THE WORK-LIFE EXCELLENCE AWARD NOW. The Work Life Excellence Award recognises V employers who are successful in integrating Work-Life Strategy with their business goals. Such employers enhance their i**^ productivity while helping their employees fulfil their personal needs and differentiate themselves as employers of choice.
      97 words
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  • Page 7 Advertisements
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      105 8 J 0 j T O o 0 •Io o o s v S r T S 80-on J O•>— U c g 3 c 5 I g "V #CICD O OVER 6O MEDICAL SPECIALISTS. Designed to meet all your healthcare needs. Aesthetics/Cosmetic Surgery Anaesthesiology Anti-ageing Cardiology Chiropractic Colorectal Surgery Day
      105 words
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      Lock icon Page 8 Advertisements Column 2
      195 8 YOUR SPANKING NEW IMAGE g I at just $288* I IMAGE IS EVERYTHING, and it's not just a 'girl' thing. For just $288, m Urban Homme promises to spruce up your image with intensive body sculpting or face treatments to beat the flab and problem complexion. It's an offer you
      195 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Banks urged to fight terrorism financing
      456 9  -  CHOW PENN NEE Each month, up to USs3m circulates in S-E Asia for terrorist activities: expert By < A SINGAPORE expert on terrorism yesterday spoke of how the public and private sectors have been working together to prevent terrorist groups from raising funds and
      456 words
    • Article
      Lock icon Construction on MRT Downtown Line starts, ready by 2013
      345 9 A GROUNDBREAKING ceremony in Chinatown yesterday marked the start of construction of the $12 billion, 40-kilometre Downtown MRT line. The ceremony, conducted by the Land Transport Authority (LTA), took place at the Chinatown station on Downtown Line (DTL) Stage 1. Chinatown
      345 words
    • Article
      Lock icon NMP Eunice Olsen wins Asean Youth nod
      125 9 NOMINATED Member of Parliament Eunice Olsen has bagged the Asean Youth Award, a gong given to winners of national youth awards from the Asean countries for contributions to the community. Ms Olsen, 30, won the Singapore Youth Award in 2006 for community and
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon Singaporeans living longer
        84 9 FIGURES just released by the Singapore Department of Statistics show a boy born in 2006 has an average life expectancy of 78 years, up 1.4 years from 76.6 in 2003. For girls it is 82.8, up 1.2 years from 2003's average of 81.6. Life expectancies for people
        84 words
      • Article
        Lock icon Household expenses survey in Feb, March
        69 9 THE Singapore Department of Statistics will conduct household expenditure surveys for two weeks each starting Feb 18 and March 3. Field officers carrying identity cards and letters of authorisation will cover areas in Jurong East, West Coast, Woodlands, Hougang, Serangoon Gardens, Balestier, Bendemeer, Bedok,
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      • Article
        Lock icon A*STAR showcase at US science meetings
        103 9 A*STAR will have a presence in the US at this week's annual meetings of the American Association for the Advancement of Sciences (AAAS) and the Fulbright Academy of Science and Technology. A*STAR scientists Dr Ed Liv, executive director of the Genome Institute of Singapore;
        103 words
    • Article
      Lock icon Tax cuts top Budget wish-list: survey
      401 9  -  LYNETTE KHOO By WITH rising business costs being the main concern for businesses now, companies are looking to the upcoming Budget for some reprieve in the form of lower government taxes and charges, a survey by the Singapore Chinese Chamber of Commerce Industry (SCCCI)
      401 words
    • Article, Illustration
      Lock icon It's SMEs' turn on the Flyer, hosted by OCBC
      238 9  -  ARTHUR LEE ByJ ABOUT 100 SME clients of OCBC had a "flying start" to the Year of the Rat yesterday when they were feted by the bank at a Chinese New Year party that included joyrides on board the Singapore Flyer.
      ARTHUR LEE  -  238 words
    • Article, Illustration
      Lock icon Relocation to new offices to cost Stanchart $1b
      450 10  -  ARTHUR SIM Marina Bay Financial Centre and Changi Business Park to house 6,000 by 2010 By. STANDARD Chartered Bank (SCB) occupies over 500,000 sq ft of office space spread over six buildings in Singapore, but come 2010, some of this will be
      450 words
    • Article
      Lock icon Creating a network to aid technology transfer
      454 10  -  WEE JUN KAI By The first step was taken yesterday to launch the Technology Transfer Network (TTN) through which expertise and technologies may be shared. Signing a Memorandum of Understanding (MOU) towards this end was the Agency for Science, Technology and Research's (A*Star)
      454 words
    • Article
      Lock icon A*Star stints for bright young foreign talents this year
      290 10  -  CHEW XIANG By THREE foreign boffins are starting their fully funded research stints in laboratories here this year under a scheme to attract promising young researchers, the Agency for Science, Technology and Research (A*Star) said yesterday. The A*Star Investigatorships (A*l) are
      290 words
    • Article
      Lock icon SBF appoints new chief exec
      167 10 THE Singapore Business Federation (SBF) has appointed Teng Theng Dar as its chief executive officer. Mr Teng, 56, was formerly CEO of Intraco. He is also vice-chairman of SBF's Middle East Business Group and the Singapore Saudi Arabia Business Council, and a member of the
      167 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      329 9 SSfl Global Pacific Partners IffijlP London T'ns Hague > Nicosia Johannesburg Confirmed Speakers Include: Bertrand Huillard, Vice President, E&P, Myanmar, Thailand, China Vietnam, Total Agung B. Indriyo, Vice President, Corporate Planning, PT Medco Energi \cii- toig Michael Jamieson, Regional Advisor, New Ventures, BHP Petroleum Peter Grant, International Exploration Manager, Woodside
      329 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon White House does not expect a recession
      268 11 -NYT [WASHINGTON] The White House predicted on Monday that the economy would escape a recession and that unemployment would remain low this year, though it acknowledged that growth had already slowed. "I don't think we are in a recession right now, and we
      -NYT; REUTERS  -  268 words
    • Article
      Lock icon Global tech outlook cut on US recession fears
      263 11 Reuters [SAN FRANCISCO] Two leading technology research firms have cut global technology outlook for this year, citing the risk of a US recession. Forrester Research Inc said it now expects global technology purchases to grow 6 per cent in dollar terms this
      – Reuters  -  263 words
    • Article
      Lock icon Credit crisis spreading far beyond sub-prime loans
      501 11 NYT.AP Repayments on prime mortgages, credit cards and car loans also affected [NEW YORK] The credit crisis is no longer just a sub-prime mortgage problem. As US home prices fall and banks tighten lending standards, people with good, or prime, credit histories are
      NYT.AP  -  501 words
    • Article
      Lock icon Fed may have to cut rates to 1 % or lower: Citigroup
      350 11 Fed may have to cut rates to 1 or lower: Citigroup Bloomberg Head of currency strategy says Fed may have waited too long [NEW YORK] The Federal Reserve may have "waited for too long" to cut interest rates in September, and it may have to reduce borrowing costs to one
      Bloomberg  -  350 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      125 11 The perfect complement to business a haven of comfort and privacy. Four Seasons Hotel Welcome to a stylish sanctuary with prime Jakarta convenience. 77 F J Bed Breakfast Relax in spacious, light-filled guest rooms. Swim in the garden rates from oasis pool or discover the stunning gym and spa, offering
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      Lock icon Page 11 Advertisements Column 2
      43 11 The Real World Wide Web Meet MOL's shipping network. A real "world wide web"of containerships, car carriers, bulkers, tankers and LNG carriers over 750 vessels strong, and growing. Give your business global access with the shipping industry leader, MOL. www.mol.co.jp Mitsui O.S.K. Lines
      43 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Malaysia positive on 2008 export outlook: Rafidah
      371 12 -AFP [KUALA LUMPUR] Malaysian Trade Minister Rafidah Aziz said yesterday that the country's export forecast for 2008 is bright despite global uncertainties after exports rose by 2.7 per cent in 2007. "We have managed to see an extension of our exports and it
      -AFP  -  371 words
    • Article
      Lock icon BURSA MALAYSIA
      2259 12 :eb12 RM ('000) A&M Realty 0.74 AbricBhd 0.27 Advance Synergy 0.21 Adventa Bhd 1.34 Ae Multi Hldgs 0.29 Win Holdings 2.23 Ahmad Zaki Resou 1.44 AicCorp 0.67 \irasia Bhd 1.62 Akn Technology 0.63 Alliance Financi 2.94 Aluminium Co 1.15 Amalgamated Ind 0.47 \mmb Hldgs Bhd 3.78 Amtel Holdings
      2,259 words
    • Article, Illustration
      Lock icon TTDI plans IPO to ride on rising property market
      556 12  -  S JAYASANKARAN At RMB5Om, it will be one of the biggest real estate listings this year By in Kuala Lumpur DESPITE global jitters over the housing market, private company TTDI Development plans to launch an initial public offering (IPO) this year
      BLOOMBERG  -  556 words
    • Article
      Lock icon Temasek seeks delay in anti-trust case
      193 12 Reuters [JAKARTA] Singapore investment company Temasek Holdings has asked Indonesia's supreme court to postpone its anti-trust case and to explain which law the proceedings will be based on, its lawyer said yesterday. Temasek owns stakes in PT Telekomunikasi Selular, or Telkomsel, and in PT
      – Reuters  -  193 words
    • Article
      Lock icon Why KL bourse will continue to hold up
      416 12  -  PAULINE NG By in Kuala Lumpur MALAYSIAN stock-market promoters will want to hammer home a key message at an annual investment conference next month how well-placed the local market is to function as a haven in turbulent times. An impending general election,
      416 words
  • Page 12 Advertisements
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      286 12 "hO TPHfIQ A\A/H Qll\/ IC QllKPllf IWIfIFP FynPnClllP For those in the know, the full benefits of a SUV is in the full-time, real I lIC IGIIUO *f¥WU UU V IO UUICiy IVIUIC LApGIIOIVCi 4WD model with center differential lock. You'll benefit from the better road m m m m
      286 words
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  • FOCUS
    • Article, Illustration
      Lock icon Playing the lucrative SPAC game
      1355 13 -NYT However, there's a catch to it and the average investor may end up being the sucker, writes ANDREW ROSS SORKIN HERE'S an odd dilemma: You have to spend US$32O million in the next 14 days, or it all goes poof. That's the predicament Michael
      -NYT; REUTERS  -  1,355 words
  • Page 13 Advertisements
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      87 13 Very Important People are coming to a Very Important Place JB Him Amw k-lk. A ■it M Ha -^H iffi^kmX A Joint Partnership by: Supported by: Official Airline: Official Broadcast Official Media Partner: Official International Official Newspaper: Supporting Publications: Official Time: Official Car: (R>ri m 4 Media Partner: Newspaper: mmdm
      87 words
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  • GREATER CHINA
    • Article
      Lock icon Kardan plans to invest in India, China
      397 14 [JERUSALEM] Kardan NY, the Dutch-Israeli investor in real-estate and finance companies, plans to invest as much as 800 million euros (Ssl.7 billion) to develop housing and commercial centres in China and India. "We see enormous demand in these markets," Alain Ickovics, chairman of
      397 words
    • Article, Illustration
      Lock icon Acer Q4 earnings up 77% after Gateway purchase
      560 14 Bloomberg Group's share of PC shipments rises to 9.1%, vaulting past Lenovo's 7.5% [TAIPEI] Acer Inc, the world's third-largest maker of personal computers, posted a 77 per cent gain in profit after its acquisition of Gateway Inc helped boost market share. Fourth-quarter
      Bloomberg; FILE PHOTO  -  560 words
    • Article
      Lock icon Morgan Stanley names new Asia CEO
      225 14 Reuters [HONG KONG] Wall Street bank Morgan Stanley has appointed a 20-year veteran as its chief executive officer for Asia, replacing Hans Schuettler, 52, who left the post last month. Owen Thomas, 46, who has been president of Morgan Stanley Investment Management since December
      – Reuters  -  225 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7863 14 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.869/ Star Europe Bond 1.193/ Star Europe Bal 1.133/ Star Asian Tiger Eqty 1.414/ Star Asia Bond 1.234/ Star Asia Balanced 0.992/ Star Global Technology Fund!" 0.192/ Multi St Fd 0.907/ Star Asia Bond(USD) 0.871/ Gib Multi St USD
      7,863 words
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  • INDIA
    • Article
      Lock icon Dec industrial output growth beats forecasts
      442 15 Bloomberg Pace spurred by record investment in factories, roads and power plants [NEW DELHI] The growth of India's industrial production accelerated in December as record investment in factories, roads and power plants boosted demand for cement and steel. Production at factories, utilities and mines
      – Bloomberg  -  442 words
    • Article, Illustration
      Lock icon Reliance Power singes investors
      491 15 Reuters [MUMBAI] When Meera Sanghavi was allotted 16 shares of Reliance Power in India's biggest-ever initial public offer, it seemed a windfall for the mid-dle-class housewife, who hoped to double her money in less than a month. Instead, she sold her shares in panic on Monday
      Reuters; REUTERS  -  491 words
  • Page 15 Advertisements
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      1733 15 MB ecoWise ECOWISE HOLDINGS LIMITED Registration No: *****9835 C (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2008 Annual General Meeting of the shareholders of the Company will be held at 18 Cross Street Bth Floor Marsh McLennan Centre Singapore *****3 on Thursday, 28
      1,733 words
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      1644 15 wmsmssamßaa CHINA FLEXIBLE PACKAGING HOLDINGS LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Flexible Packaging Holdings Limited ("the Company") will be held at Ramada Pearl Hotel, Kai Xuan Conference Room 2, 9 Mingyue Vi Road, GuangZhou Main Road
      1,644 words
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  • MIDDLE EAST
    • Article
      Lock icon Iran businesses thrive in UAE despite US curbs
      636 16 -AFP But Abu Dhabi says it strictly abides by UN sanctions against Teheran [DUßAl] Thousands of Iranian firms are still doing business in the country's top trading partner, the United Arab Emirates, despite a US drive to choke Teheran's economy over its
      -AFP  -  636 words
  • Page 16 Advertisements
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      425 16 LUAUKI 1M2531 lU HHII lIIMtIHIiBiIIPIIRVIIIi ili *!m££M&<\^& VA khES S H HBBBS H^^ Have a Sensual Tickle Her Pink This I valentine's Day ■,j \/dl Ontl no'C F^d\/ This Valentine's Day, impress your loved one with a VCIICIILIIICO L/dy I Ik romantic stay at the Gallery Hotel. Each stay in
      425 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon It's wet and cold and rough
      466 17 FOLLOWING a few days of relative rest with only moderate winds the yachts of the Clipper 07-08 Race fleet are once again being tested by i headwinds of more than 30 knots. Now, however, the sea temperature I and air temperature have dropped significantly
      :ONEDITION  -  466 words
    • Article
      Lock icon Ex-AIG execs created sham deal, court told
      290 17 -NYT Move allowed group to manipulate its books: prosecutors [HARTFORD, Connecticut] Prosecutors in the trial of five former insurance executives insisted on Monday in closing arguments that the defendants had deliberately mounted a fraud to allow the American International Group to manipulate its
      -NYT  -  290 words
    • Article, Illustration
      Lock icon Global butter shortage begins to bite
      524 17 -AFP [SYDNEY] Australian pastry chef Tracy Nickl never imagined he would have to tighten security at his country bakery to ensure nobody stole his butter. But when he realised the value of his yellow stockpile had reached more than A 520,000 (5525,600), he decided
      -AFP; AFP  -  524 words
    • Article
      Lock icon GM posts US$722m Q4 loss, unveils staff buyout deal
      747 17 Bloomberg, AP It will be able to replace older staff with new workers on half the old wage [NEW YORK] General Motors Corp posted a fourth-quarter loss of US$722 million after a year-earlier profit on rising costs in North America and
      Bloomberg, AP  -  747 words
    • Article
      Lock icon Thai govt mulling self-rule for Muslim provinces
      379 17 -AP [BANGKOK] Thailand is considering granting partial autonomy to its Mus-lim-majority provinces, which for the past four years have been the scene of a bloody Islamic insurgency, the new interior minister said yesterday. More than 2,900 people have been killed since early 2004
      -AP  -  379 words
  • Page 17 Advertisements
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      126 17 Register today be one of tomorrow's winning investors and traders. Attend ATIC take home: New trading strategies timely &^fijHtitifcl investment ideas that you can use ftytl immediately to spot hidden opportunities increase your percentage of profitable trarfoc -3 Bt zpMr mt Simple risk management techniques to .//.jg^x: U^^v ensure that
      126 words
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  • WORLD
    • Article
      Lock icon Stanchart's SIV goes into receivership
      492 18  -  VEIL BEHRMANN Whistlejacket's move follows 61% slump in net asset value to USs7.lsb By l\ in London STANDARD Charterers structured investment vehicle (SIV), called Whistlejacket, has been put into receivership. The move follows a 61 per cent slump in the value of its assets to
      492 words
    • Article, Illustration
      Lock icon LEAP FOR A GOOD CAUSE
      79 18 BLOOMBERG [NEW YORK] Musician Bono (left) and artist Damien Hirst jumping in front of a Hirst painting. Some of the biggest names in the art world Sotheby's, Gagosian Gallery and diamond-skull artist Damien Hirst have joined forces for an auction to benefit HIV/Aids relief programmes
      BLOOMBERG  -  79 words
    • Article
      Lock icon Credit Suisse cuts sub-prime writedowns
      501 18 Bank says some hedging positions turned out profitable [ZURICH] Credit Suisse trimmed full-year subprime writedowns to 2 billion Swiss francs (552.58 billion) yesterday but its stock fell as investors took fright at the bank's remaining exposure to the credit crisis. The bank also reported a
      501 words
    • Article
      Lock icon Bank of America, Chevron to join Dow industrials
      271 18 Bloomberg [NEW YORK] Bank of America Corp and Chevron Corp will replace Altria Group Inc and Honeywell International Inc in the Dow Jones Industrial Average, the first changes in the US stock benchmark since April 2004. The revisions in the 111-year-old gauge
      – Bloomberg  -  271 words
    • Article
      Lock icon Investors' group sues Yahoo for rejecting Microsoft offer
      359 18 Bloomberg [NEW YORK] A group of shareholders has sued Yahoo! Inc asking a judge to force the owner of the world's second-biggest Internet search engine company to fully consider takeover offers after it rejected a U5544.6 billion bid by Microsoft Corp. The
      Bloomberg  -  359 words
    • Article
      Lock icon Hedge-fund group raises Times Co stake to 10%
      395 18 -NYT Times board panel to mull recommending directors to AGM [NEW YORK] The coalition of hedge funds that wants to place directors on the board of The New York Times Co has more than doubled its stake in the company, to nearly
      -NYT  -  395 words
  • Page 18 Advertisements
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      48 18 J^l KfECmVEE PMSS^BMW 730 L .."0:..^!-.J^^B CAN A HIGH PERFORMANCE .^J WOK CAR BE GREEN? iME^ GETJEADY^FOR Fl '^Sw^. MOVERS: 11 k- H I SHOW HIGHLIGHTS S TOKYO AUTO SALON THE CARS AND THE WOMEN UP CLOSE .^H k WT j*R|*j nbdownloadsoftwar?SMSthewoid7a?to73^ Terms and conditions apply, B»»n«<Ssc« caMore-l
      48 words
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  • MOTORING
    • Article, Illustration
      Lock icon BMW to demonstrate some hydrogen power
      503 19  -  SAMUEL EE But Hydrogen 7 not for sale; it will be part of CleanEnergy exhibition Reports by S BMW will announce today that it will soon introduce its hydrogen-fuelled 7 Series limousine here in Singapore, less than two weeks after sales and marketing head
      503 words
    • Article, Illustration
      Lock icon C&C comfortable with Citroen, Kia
      563 19 Citroen sales up; Kia Cerato small sedan segment profitable CYCLE Carriage may have sped ahead with Mer-cedes-Benz and Mitsubishi in 2007 because of strong sales for these two marques, but the group fared less well with its other two brands Citroen and Kia. Mercedes-Benz had
      563 words
    • Article, Illustration
      Lock icon A prosperous start to the New Year
      127 19 DAMIEN Teo (left) and his family went visiting during the Lunar New Year celebrations in a brand new Lexus *****. That's because a week earlier, the 41-year-old architect became the Grand Prize winner of the Citibank Ready Credit year-end Grand Draw. The draw
      127 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      76 19 ARE YOU SINGLE BORED? NOT IF YOU ARE AT 91.3 ST. VALENTINE'S DAY MASSACRE PARTY THIS COMING 14.02 VALENTINE'S DAY! 1 FUSE Fill! I St. Valentine's Day massacre taw" "*scfi t" WHO YOU YOUR FRIENDS ARE INVITED* WHERE b*Qne: MARRIOTT HOTEL WHEN 14 FEBRUARY 2008 TIME 8:00 PM TO 10:00PM
      76 words
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      Lock icon Page 19 Advertisements Column 2
      385 19 y epure piies EPURE INTERNATIONAL LTD. EPURE INTERNATIONAL LTD. (Incorporated in Singapore with limited liability) (Company Registration No. *****5422 C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of the Members of Epure International Ltd. (the "Company") will be held on 27 February
      385 words
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      Lock icon Page 19 Advertisements Column 3
      511 19 IN THE HIGH COURT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION COURT OF FIRST INSTANCE COMPANIES (WINDING UP) NO. 382 OF 2006 IN THE MATTER OF OCEAN GRAND HOLDINGS LIMITED (PROVISIONAL LIQUIDATORS APPOINTED) and IN THE MATTER OF SECTION 166 OF THE COMPANIES ORDINANCE NOTICE OF SCHEME CREDITORS' MEETING NOTICE
      511 words
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  • AVIATION
    • Article, Illustration
      Lock icon Boeing counting on Mid-East orders this year
      302 20 Bloomberg It may sell as many as 100 planes as Gulf govts aim to build travel hub [JORDAN] Boeing Co, the world's second-biggest commercial-airplane maker, expects to win as many as 100 aircraft orders from the Middle East in 2008 as Gulf governments
      Bloomberg; BLOOMBERG  -  302 words
    • Article
      Lock icon US wants air marshals on flights from EU
      257 20 VVILII 111VJ.1V1U Reuters [BRUSSELS] The US is pushing EU states to agree to have armed air marshals aboard US air carriers flying to or from the bloc and are asking for more information on passengers, EU diplomats said on Monday. Diplomats said
      VVILII 111VJ.1V1U – Reuters  -  257 words
    • Article
      Lock icon Travel agents wary of airline M&As
      245 20 Reuters [LOS ANGELES] Online travel agents could feel the pinch from airline consolidation, as deals combining the largest US carriers would shift the balance of power in the ticket-selling business. "I understand why the airlines are consolidating and why they think it will be
      Reuters  -  245 words
    • Article, Illustration
      Lock icon Delta, Northwest deal possible in weeks
      406 20 Reuters [NEW YORK] A merger between Delta Air Lines Inc and Northwest Airlines Corp could be announced in the next few weeks as Northwest pilots review details of a proposed deal, people briefed on the situation said on Monday. Northwest's Air Line Pilots Association
      – Reuters; AP  -  406 words
    • Article
      Lock icon Delta flight attendants move to unionise
      146 20 -AP [ATLANTA] Some Delta Air Lines Inc flight attendants are seeking to unionise as the No 3 US carrier considers combining with Northwest Airlines or United Airlines. A past effort by Atlanta-based Delta's flight attendants to unionise failed. Delta's pilots are currently the only
      -AP  -  146 words
    • Article
      Lock icon It'll be called Tenzing-Hillary airport now
      130 20 It'll be called TenzingHillary airport now -AP [KATHMANDU] Nepal's Cabinet has decided to rename the only airport in the Mount Everest region Tenzing-Hillary after the first men to scale the world's highest peak over five decades ago, the government said yesterday. The airport will be named after Edmund Hillary, who
      -AP  -  130 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2480 20 AIRLINE CODES: AA American Airlines (AAL), AF Air F-ance (AFR), Al Air India (AIC), AY Finnair Oy (FIN),-Z Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Banc,,__ les (BBC), Bl Royal Brur,_ Bouraq Airlines (BOU), BR EVA Airways Corpn (EVA), CA Air
      2,480 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      394 20 CRYPTIC CROSSWORD ACROSS 1 Put at risk adopting a meas- Pj |2 |3 [4 H W, |7 ure like this? (8) L__^ rrrrrArrri Wm\\—— Thus the BaRnaRRRj orb oflaai I^^^H^l MMM MMM course? (4) f^ M 9 Cleaner sort of fuel is one I which can drawwell (8) UW, WMM
      394 words
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  • SHIPPING
    • Article
      Lock icon A poster that just screams for attention
      745 21  -  DAVID HUGHES STRAIT TALK They contain guidelines for fair treatment of seafarers following accidents By I THE mess decks and alleyways of merchant ships these days tend to display an awful lot of posters, mainly about safety. These posters are the result of
      745 words
    • Article, Illustration
      Lock icon Change in federal rule may threaten US cruise ports
      640 21 -AP [PORTLAND, Maine] Portland's gleaming, US$2l million terminal for cruise ships and ferries will open this spring. Another US$7 million berth built to accommodate the world's largest cruise ships will follow next year. There's one problem. Because of a proposed change
      -AP; AP  -  640 words
    • Article
      Lock icon Asian tanker rates may extend declines
      286 21 Bloomberg Competition for limited cargo pushing rates down [SINGAPORE] Asian hiring rates for oil-product tankers, near their lowest in three months, may this week extend declines as more vessels compete for the limited amount of cargo available after the Chinese New Year holidays. Hiring
      – Bloomberg  -  286 words
    • Article
      Lock icon Proposed UK tax change could hurt maritime sector
      195 21 Bloomberg [LONDON] The Baltic Exchange, a London-based provider of shipping prices, said UK government proposals to alter foreigners' tax status may damage the country's £1.5 billion (Ss4.l billion) ship-ping-services industry. By levying a fixed-rate tax of £30,000 on people who live in
      – Bloomberg  -  195 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        108 21 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.56 0.35 4.14 0.83 2.11 1.05 0.06
        108 words
      • Article
        Lock icon KLSE
        37 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.89 9.60 9.50 3.98 3.04 0.26 0.17 unch unch unch 0.12 -0.04 0.01 unch 368 25 1565 983 21 49 22
        37 words
      • Article
        Lock icon BANGKOK
        12 21 '00 ■recious Ship Jegional Cont .28.00 .25.25 0.25 -0.25 1261 325
        12 words
      • Article
        Lock icon HONGKONG
        11 21 '000 Doil iingamas Cont .41.30 ...2.43 0.05 0.01 1647 584
        11 words
      • Article
        Lock icon PHILIPPINES
        22 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.30 36.00 unch unch unch -1.50 unch unch 1352 1013 0 0
        22 words
      • Article
        Lock icon TAIPEI
        23 21 Evergreen Marine 24.60 :irst Steamship 59.20 /Van Hai Lines 22.60 r"ang Ming Marine ....19.70 0.55 3.80 -0.60 -0.30 25 4 8 13
        23 words
      • Article
        Lock icon TOKYO
        39 21 '000 (awasaki Hvy Ind ....223.00 -9.00 ***** (awasaki Kisen 994.00 35.00 8672 Mitsubishi Hvy 408.00 -8.00 ***** i/litsui Eng&Sbldg ....279.00 -17.00 ***** 1/litsuiOsk Lines ....1337.00 53.00 ***** Nippon Express 579.00 -8.00 3533 JipponYusen 948.00 37.00 ***** iource: Reuters
        39 words
  • Page 21 Advertisements
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      4 21 POST YOUR AD WWW.ST7OI.COM
      4 words
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      Lock icon Page 21 Advertisements Column 2
      71 21 total integration solutions for skipping companies and their vessels Our technology is the most complete, robust, scalable and fully integrated end to end solution for maritime industry. We offer hosting, maintenance, application development, and design, built with the most powerful technologies and supported by the most advanced strategic IT development
      71 words
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      Lock icon Page 21 Advertisements Column 3
      221 21 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE CRITICAL BUNKER RECOVERY Following a review of bunker costs for the 2 month period ended 25 January 2008, please be advised that the Critical Bunker Recovery (CBR) effective 15 February 2008 and until further notice, will be as follows For List "A"
      221 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Contagion from the US will be limited
      542 22 WITH the risks of a US recession now heightened, the issue of the collateral damage on Asian economies, and especially Singapore, takes on added urgency. The prognosis, fortunately, appears at least for now to be less unfavourable than one might expect. It is
      542 words
    • Article, Illustration
      Lock icon Practical lessons from private equity
      1001 22  -  ORIT GADIESH, HUGH MACARTHUR SUVIR VARMA It's instructive how private equity funds respond to market and economic uncertainties By and HE global credit crunch has I left its mark on private equity deal volume. But the way private equity funds respond to massive market and
      FILE PHOTO  -  1,001 words
    • Article, Illustration
      Lock icon Cold comfort even as China weathers recent crisis
      765 22  -  FRANK CHING THE BOTTOM LINE MORE snow, even blizzards, is expected this week but, for the most part, China has overcome the crisis brought on by weeks of unusually bad weather. This included severe snow and ice storms that affected most of
      765 words
    • Article, Illustration
      Lock icon Get the most out of company perks
      1669 23  -  WU SOO MEE GRAHAME WRIGHT Employers need to differentiate themselves in a tight labour market where competitive salaries may not be enough By and IN recent times, recruitment and retention of high quality staff has become one of the greatest challenges for Singapore's
      STEPHANIE YEOW/THE STRAITS TIMES  -  1,669 words
    • Article, Illustration
      Lock icon Rise of a global middle class
      836 23  -  MOISES NAIM LAT-WP By THE middle class in poor countries is the fastest-growing segment of the world's population. While the planet's total population will increase by about a billion people in the next 12 years, the ranks of the middle class will swell by
      LAT-WP; AFP  -  836 words
    • Letter
      Lock icon Local banks should disclose risky assets
      234 23  -  Ang Hao Yao LETTER TO THE EDITOR IN the article "IMF sees significant, prolonged US slowdown" (BT, Feb 12), it was reported that the International Monetary Fund's managing director warned that the US slowdown will be significant and will last for some time. Even
      234 words
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  • Page 23 Advertisements
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      131 23 I«T©V Lianhe Zaobao I I Driving force I no longer the same I I Construction I I industry I here will still I I do well I I n for the aam next lit I 2-3 years LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or
      131 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6948 24 Transaction date: Feb 12 High Low Code Company Sale ('000) High ow Buyer Seller C'vr P/E Sinii 5716 1st Software 282i S Si?" 107 98 6389 ABF SG Bond ETF 30 13.5 1938 AEI Corp 26 7.5 1100 AEM 42 13.2 2101 APOil 141 54.5 5550 ARA 22
      6,948 words
    • Article
      Lock icon SGX XTRANET
      70 24 _Hm Low Code Comi Sale fooo) _Hm Low Bw Seller C'vr P/E Smil 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 IS S&P5OO ***** ***** 6170 SPDRS 3983 297.5 6009 STI ETF US200cd US6200 US1000 US*****
      70 words
    • Article
      Lock icon SGX CATALIST
      2068 24 Hii Low Code Comi Sale Cooo] Hil Low By Seller C'vr P/E Smil 30 11.5 1181 s AAGrp 415 18 5000 sABRHIdgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System 34 27 3518 s Afor 70.5 12 1524 s Alantac 22.5 8.5 7814 s Albedo
      2,068 words
    • Article
      Lock icon CLOB INTERNATIONAL
      205 24 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
      205 words
  • Page 24 Advertisements
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      33 24 I— I— I I IN 1 W^—^^^^^ Emm I Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Jm 9 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676.
      33 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      362 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb11 World Index Preliminan 1001.7 -0.5 -11.5 -0.3 -12.6 -0.4 -11.: EAFE Preliminan 963.8 -0.9 -14.0 -0.6 -14.8 -0.7 -13.1 Euro[ Preliminary 1325.1 -0.9 -14.1 -0.8 -16.1 -0.9 -14.' Pacific 828.4 -0.8
      362 words
    • Article
      Lock icon PALM OIL
      65 25 Feb 11 ICE PALM FUTURES (RM/MT) lelivery Opening Sett Av ilonth Range Price Price Hii Vol Open Done Position Low :eb 08 3372 3365 3380 3372 28 483 i/larO8 3310 3404 3411 3310 476 8843 \pr 08 3333 3412 3417 3323 5195 ***** day 08 3340 3410 3415
      65 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 25 Feb 12 len Hii Sett >TI ilMSCI Feb 351.8 359.1 358.5 'aiwan Feb 292.8 298.3 294.1 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 25 Feb 12 Bid Offer 1-month 1.4157 1.4171 2-months 1.4139 1.4154 3-months 1.4125 1.414 6-months 1.4080 1.4095 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 25 Feb 12 Zurrencies Bid Offer Bid Offer >$IUS$ to one unit of foreign currency: Australian dollar 1.2816 1.2834 0.9040 0.9045 Canadian dollar 1.4159 1.4178 0.9987 0.9992 iuro 2.0606 2.0625 1.4535 1.4536 IZ dollar 1.1200 1.1223 0.7900 0.7910 jterlini ind 2.7691 2.7720 1.9532 1.9536 IS dollar 1.4177 1.4189
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      Lock icon SGX DERIVATIVES TRADING
      336 25 Feb 12 EURODOLLAR FUTURES MarO8 JunO8 SepO8 DecO8 97.150 97.590 97.685 97.650 0 0 0 0 ***** ***** ***** 6469 EUROYEN FUTURES MarO8 99.180 99.180 JunO8 99.335 99.335 SepO8 99.415 99.430B DecO8 99.430 99.430 MarO9 99.360 99.370B JunO9 99.295 99.305B SepO9 DecO9 99.170 99.310A 99.410 99.405 99.355
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      Lock icon SICOM FUTURES
      284 25 Feb 12 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Mar 08 Apr 08 May 08 JunO8 Jul/Sep 08 Oct/Dec 08 391.75 394.50 394.50 394.50 394.50 394.25 RSS 3 (US cents/kg) Month Hig a!? Low Sett Volume (tonnes) Open
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      Lock icon FOREIGN CURRENCY NOTE RATES
      132 25 As at 9am Feb 12 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2750 1.2900 Can dollar 1.4080 1.4240 Euro 2.0480 2.0710 NZ dollar 1.1090 1.1330 Sterlini 2.7540 2.7841 US dollar 1.4120 1.4270 Local dollars to 100 units of foreign currency:
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      Lock icon INTERBANK RATES
      160 25 Feb 12 fer Overnight 3/4 1-month 1 1/2 2-months 1 5/8 3-months 1 5/8 Overnight mode: 1 7/16 US$ Offer 5/8 1 3/8 1 1/2 1 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 3.10 3.18 3.17 3.13 3.00
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      Lock icon INTERBANK CROSS RATES
      453 25 Feb 12 iuro ren Ion 'eso Earn 'ouni Australia 0.905 6.502 0.622 7.051 35.831 83.824 0.969 8.550 2.929 1.144 56.909 36.794 1.282 6.979 0.997 28.824 29.727 0.463 0.904 Canada 1.105 7.182 0.687 7.790 39.583 92.603 1.070 9.445 3.236 1.264 62.869 40.647 1.417 7.710 1.101 31.843 32.841 0.511
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      Lock icon PRECIOUS METALS
      170 25 Feb 12 GOLD (USS/oz) Feb 11 Feb 12 GOLD BULLION COINS (S$) Sellini Hong Kong 922.00 919.00 923.00 920.00 Feb 08 Feb 11 London 918.90 920.45 919.80 921.15 Source: Reuters (S$) Selling Buying 1 oz 1463.76 1320 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $513.60 421 SILVER
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      Lock icon SIBOR
      76 25 Feb 12 1 mth 3.***** 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** 2 mths 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 9 mths 12 mths 2.***** 2.***** 2.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs
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      Lock icon GOVERNMENT SECURITIES
      90 25 Feb 12 Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****T 15.05.08 1-Year BY*****A 29.09.08 1.44 1.49 1.39 1.38 1.38 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0F 2.625 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750
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      Lock icon LONDON METALS
      70 25 Feb 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2648.20 2656.20 3 months 2690.00 2695.00 Copper, Grade A (US$/tonne) Cash 3 months 7795.00 7765.00 7736.00 7700.00 Lead (US$/tonne) Cash 3049.50 3 months 3030.00 2995.00 2970.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
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      Lock icon LIFFE
      77 25 Feb 11 COCOA (Btonne) Close Prev Hii ih/Low Mar 08 1247 1240 1248/1235 May 08 1271 1265 1273/1259 JulO8 1297 1291 1299/1286 SepO8 1282 1276 1284/1273 COFFEE (US$/tonne) Close Pev High/Low Mar 08 2210 2225 2263/2189 May 08 2238 2252 2291/2218 JulO8 2255 2270 2303/2238 SepO8 2251 2265 2297/2236
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      Lock icon CHICAGO BOT
      104 25 Feb 11 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 08 1326.00 1339.00 1335.00 1314.00 May 08 1345.50 1358.50 1353.00 1332.00 Jul 08 1354.50 1368.00 1363.00 1344.00 Aug 08 1338.00 1350.50 1340.00 1332.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 08 55.30 47.28 55.50 54.65
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      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS Feb 11 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 93.64 3.07 WTI (Near Mth) 93.57 1.81 Dubai (1-Mth F) 87.41 2.46 Tapis blend 97.4 2.6 Minas 93.45 2.6 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 91.32 106.60 2.42 3.9 US$/barrel Opec Oil
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      Lock icon BONDS & WARRANTS
      1946 25 BONDS WARRANTS 4 1532 0.0 0 1 Fel lode Company Pel lode Company 5798 Ascendas REIT SGA ECW*****3 »92 Asia Environment W*****4 5657 Biosensors DB ECW*****3 lO14Capitaland BNP ECW*****8 lO15Capitaland BNP ECW*****2 5666 Capitaland BNP ECW*****9 S762 Capitaland BNP ECW*****0 1082 Capitaland BNP ECW*****6 5667 Capitaland BNP EPW*****5 5803 Capitaland
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      2687 26 m The Business Times wmm Shipping Times M KPP B T WAN HAI INTERNATIONAL PTE LTD crn0:**********0/r M mMk^MT H\J&SSS9tS!|| MMJWrfWrrrTmmWT^ 9| TEL: *****588 (l 4 LINES) FAX: *****163 IWW A^ ll I rJ±>*l lB mWm^WftHKBISBQUM WaWmMMMMMMNmmWm V\\M 1 IA/AM HAI INpN Customer Service/Bookings Direct Line-(1800) *****200 K^^^^M^j^^Wtj^^^fl BlW^lflT'g*)m^Ty*'*B V
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      3200 27 urn jffl lIJTS^ EASTERN CAR LINER, LTD I(H Q®3S^ O GlSn c lOS^-^ W-=J SPEC.AUZE.NRORoa heavyuftupto 450 tons: EXPRESS SAILING SCHEDULE _!>• /s_l_M_»_r\\^ l|mmjJ[JJ^^J ■^VOY^ Ramp(KT) Lilting(KT) SIN PKL PNN JKT LCB BAT l__s-=_g_^_^_ca_»Sa I mm L_ also accepting to all northern and western icd points V\_fc Bf/ I iOSMIOEADER
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      2601 28 WS§ HEI HEI 19 IB A^*se^ 7oshentonwn^ #2i^;:gjS= Fiji glory navigation groupl 1*! HP SIP Ipjl KM NORTH WEST EXPRESS LINE **#*UtflS.*% v?SI'&"^»l MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES SINCE 1970 HHB SI I VESSEL I VOY Singapore Fremantle Cocos Island Christmas Island Pasir Gudang
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  • executive Money
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      Lock icon Testing times ahead for hedge funds
      1169 30 -AP I After years of explosive growth, this secretive, sometimes volatile corner of the financial world is entering a dangerous new era, reports JENNY ANDERSON MARK S Fishman was a modern prince of the markets a pedigreed money manager who raised billions of dollars
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      Lock icon Riches through both global and local toil
      946 30  -  JOSEPH CHONG While our SWFs take care of things abroad, property beckons smart investors at home IF SOMEONE had predicted 40 years ago that Singapore would one day be the biggest shareholder in some of the largest financial institutions in the US, Europe
      946 words
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