The Business Times, 8 March 2008
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2008-03-08
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The Business Times
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Title Section28 2008-03-08 1 THE BUSINESS TIMES SINGAPORE 85 cents 9 g 9 A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 March 8-9,2008 online at http://business-times.asia 1 .com.sg28 words
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Article, Illustration574 2008-03-08 1 UMA SHANKARI - UMA SHANKARI Signages, lighting system may foil fans trying to get a free view By [SINGAPORE] Fans of the Formula 1 (Fl) Grand Prix hoping to get a free peek of the race from the comfort of hotel rooms, for: Reuters - 574 words
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MARKETS DIGEST
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Article29 2008-03-08 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.75 INDONESIA 15.555 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 6.00 CANADA 5.25 SWITZERLAND 4.11 INDIA 12.25 Source:Bloomberg - 29 words
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Article44 2008-03-08 1 :rn iam 1COMP 1,296.33 -3.36 IIKKEI225 12,782.80 -432.62 IANG SENG 22,501.33 -841.40 ;et index 821.57 -6.14 JAKARTA COM P Closed IANILACOMP 3,028.73 -88.11 ;eoulcomp 1,663.97 -33.47 ;henzhen b 632.73 -2.20 IUMBAI IND 15,975.52 -566.56 11AM EDT Change 12,019.23 -21.16 )OW IASDAQ 2,233.05 +12.5544 words
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Article42 2008-03-08 1 uss SS US$ (S$ per US$) 1.386 (uss/ss ii 2.014 2.792 EURO(US$/S$/E) 1.539 2.133 'EN 102.4 73.90 RM 3.168 2.286 HK$ 7.784 5.617 BAHT 31.52 22.74 RUPIAH 9,060 6,538 RENMINBI 7.107 5.128 INDIAN RUPEE 40.61 29.30 1.074 0.775 IZ$ 1.254 0.90542 words
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Article, Illustration857 2008-03-08 1 NISHA RAMCHANDANI - What women really want flexibility NISHA RAMCHANDANI Companies may have a better shot at retaining female talent with some give-and-take By [SINGAPORE] As managing director and region head of Singapore, Malaysia Brunei for Citi Private Bank, Tan Su-Shan has a packed schedule that frequently involves attending corporate events and travelling.857 words
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Page 1 Advertisements
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Page 1 Miscellaneous
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Miscellaneous96 2008-03-08 1 FOOD M'SIAN ELECTIONS MOTORING ~JL Grabbing the attention BN goes into uncertain polls Hot and cool: jj l^i of the fickle foodie with battle on its hands Chrysler's Sebring s W RAGE 20 PAGE 2 Cabrio PAGE 15 Ki^^^ 11^9 '^PV Food for thought r£^^^\ Chua Sin Bin, head of96 words
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TOP STORIES
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Article, Illustration943 2008-03-08 2 S JAYASANKARAN - S JAYASANKARAN MALAYSIA ELECTIONS Malays close ranks behind Umno but its allies may find the going tough By in Kuala Lumpur ON Thursday evening Mali Woei Chyi, a first-time candidate from the ruling National Front running for the parliamentaryJOHN HENG - 943 words
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THREE-MINUTE DIGEST
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58 2008-03-08 2 THE share price of First Resources dived by more than 40 per cent yesterday on news that a quarter of the company's output for this year maybe in jeopardy. Shares of Wilmar International, which accounts for some 12 per cent of First Resources' net58 words
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73 2008-03-08 2 OFFSHORE oil gas services provider Swiber Holdings' foray into India is starting to pay off big-time. It has just secured a letter of intent for a US$l27 million project to build various offshore structures for the oil and gas industry in the Arabian Sea, off73 words
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42 2008-03-08 2 PROPERTY player Roxy-Pacific said yesterday its share placement has received strong support from institutional investors. The applications it has received have "well exceeded" the total placement tranche of 126 million shares. COMPANY NEWS, PAGE 442 words
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53 2008-03-08 2 SINGAPOREANS last year made the most of their spending power and splashed the cash before the two-percentage-point GST increase kicked in. According to MasterCard data, the two consecutive Saturdays before the hike were the highest spending days in Singapore in 2007. SINGAPORE53 words
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62 2008-03-08 2 THE battle for the parliamentary seat of Lembah Pantai is shaping up as the keenest contest of Malaysia's election. Minister and three-term incumbent Shahrizat Jalil was expected to easily defend the seat but her opponent Nurul Izzah Anwar, the daughter of former62 words
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50 2008-03-08 2 CHINA Investment Corp, which manages the nation's US$2OO billion sovereign wealth fund, has denied a Beijing Times report that it would temporarily halt overseas investments. The fund "doesn't rule out" further overseas investments, chief risk officer Jesse Wang said. GREATER CHINA, PAGE 1250 words
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78 2008-03-08 2 JAPAN'S ruling Liberal Democratic Party yesterday nominated Bank of Japan deputy governor Toshiro Muto to succeed Toshihiko Fukui as governor of the central bank later this month. Mr Muto is a former head of fiscal policy at the ministry of finance and leading78 words
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41 2008-03-08 2 US employers cut payrolls for a second straight month during February, slashing 63,000 jobs for the biggest monthly decline in nearly five years as the nation's labour markets weakened steadily, a government report showed.41 words
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80 2008-03-08 2 THE heads of three companies implicated in the mortgage crisis have been asked to explain how they collectively received hundreds of millions of dollars in compensation while their companies were losing money. Slated to appear yesterday before the House Oversight and80 words
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Article410 2008-03-08 2 -Reuters It is said to be ready to pay a high price for Temasek's stake [KUALA LUMPUR] Malaysia's Malayan Banking Bhd (Maybank) is the front-run-ner to buy an indirect stake in Bank Internasional Indonesia Tbk (BII), Indonesia's sixth-biggest lender, the Financial Times said yesterday. Singapore-Reuters - 410 words
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Page 2 Advertisements
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COMPANY NEWS
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641 2008-03-08 3 LYNETTE KHOO - LYNETTE KHOO DBS Vickers cuts the firm's rating; shares of major customer Wilmar also affected By THE share price of First Resources dived by more than 40 per cent yesterday on news that a quarter of the company's output for this year may be641 words
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Article, Illustration595 2008-03-08 3 R SIVANITHY - R SIVANITHY STOCKS I POINTED out last week in this column that stocks remain firmly in the grip of a bear trap. Bounces seem powerful but are quickly followed by selling that leads to lower lows. This has been the investment climate throughout595 words
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455 2008-03-08 3 Reuters [SINGAPORE] Datacraft Asia Ltd, South-east Asia's largest computer data network builder, said yesterday that orders remained robust in the current quarter that and it was in acquisition talks with a handful of Asian firms. "This quarter, the bookings seem to be prettyReuters - 455 words
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384 2008-03-08 4 CHEW XIANG - CHEW XIANG By PROPERTY player RoxyPacific said yesterday its share placement has reseived strong support from institutional investors. The company named Sin Heng Chan Investments, part of a Malaysian property group, and 2G Capital, formerly the investment holding company of businessmen Tommie Goh384 words
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Article, Illustration735 2008-03-08 4 Bloomberg [NEW YORK] Asian bonds are outperforming the region's shares for the first time since 2002 as currencies rally and central banks refrain from raising interest rates, attracting Western Asset Management Co and ABN Amro Asset Management Ltd. The HSBC– Bloomberg; FILE PHOTO - 735 words
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Article, Illustration394 2008-03-08 4 RONNIE LIM - RONNIE LIM When finalised, it will be the firm's first EPCIC contract in India By OFFSHORE oil gas services provider Swiber Holdings's foray into India is starting to pay off big-time. It has just secured a letter of intent (LOI) for a US$l27 million projecti FILE PHOTO - 394 words
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COMPANY BRIEFS
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87 2008-03-08 4 Bloomberg JARDINE Matheson Holdings Ltd, which owns real estate, supermarkets and drugstores in Asia and runs hotels worldwide, said that 2007 profit rose 36 per cent on increased earnings from property and retail units. The Hong Kong-based company's net income including property revaluations roseBloomberg - 87 words
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64 2008-03-08 4 LOW Keng Huat has been awarded a $146 million construction contract for additions and alterations to the retail and hotel podium of the Meritus Mandarin Hotel at Orchard Road. The project is expected to be completed by June 2009. The contract is not64 words
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Article2304 2008-03-08 4 Mar 7 Mar 7 RM ASM Realty 0.62 AbricBhd 0.16 Advance Synergy 0.13 Adventa Bhd 1.20 AeMuIti Hldgs 0.23 Affin Holdings 2.25 Ahmad Zaki Resou 1.18 Aic Corp 0.56 Airasia Bhd 1.48 Akn Technology 0.48 Alliance Financi 2.81 Aluminium Co 1.11 Amalgamated Ind 0.46 Ammb Hldgs Bhd 3.462,304 words
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Page 3 Advertisements
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Advertisement33 2008-03-08 3 '-^fl Br I "^W— o _c i fcV (o^ '^jH Ir Ji^j.Wr SHI "t" tSSH IB^^ *sxKmM Bi-: Bf- SBEUirfi HI v mm /■JfT'i HI Pi ii^^^ Sihßl *^^CB A f/^ ■^^C^^B IB^33 words
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Page 4 Advertisements
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Advertisement187 2008-03-08 4 »^iH?l l.lS»^J ti lj?M91!/ i V i ffKliK.r.!;i!f!l] l fflCT B^^*AING $100 *AII-I-I^N BUSINESS .^fc. SPH The Sunday 77mes 20Aug 2006 ""■■w^ 1 Although we have NO Prior Experience, this powerful program 1 enables us to earn 1O times more than before. We are earning ff; 5530,000 monthly now. EARNING187 words
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Advertisement17 2008-03-08 4 Head to CATS FASTADS in The New Paper for beauty haircare services! BUY IT'SELL IT-FIND IT S17 words
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Page 5 Advertisements
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Advertisement204 2008-03-08 5 rlJlJ|T^^-l HHHfe rIP lii Congratulations to PetroJack ASA IqPI on the official naming of their high-performance rig lOP'tr rCIf UvCfvA m* t^yfmjtk Lady Sponsor: Mrs Sopee Nordaas j|||i jS§SJßps|[ L Jurong Shipyard. We are confident that this rig will iSnjill^i^ t/Z^\^ '^r^^V' M reliability and be an important addition to204 words
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THE RAFFLES CONVERSATION
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Article, Illustration1703 2008-03-08 6 CEOs tend to be an impatient lot. Once they sit down to meet the press, they can't wait for the interview to start and be done with it, so that they can get on with the next engagement. But not so Chua Sin Bin, 60,JOHN HENG - 1,703 words
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541 2008-03-08 6 APART from the public responsibilities of his agency, Agri-food and Veterinary Authority (AVA) CEO Chua Sin Bin worries about human resources management within his organisation. While manpower is adequate and stable right now, Mr Chua says attracting and retaining the right talent will continue541 words
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Article97 2008-03-08 6 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through the highest97 words
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PERSONAL INVESTMENT
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Article, Illustration905 2008-03-08 7 UMA SHANKARI - UMA SHANKARI Singapore Equity Strategy Deutsche Bank, March 7 VALUATIONS close to lows seen in 2003 before the remaking of Singapore started: After a sharp pull-back, Singapore market valuations are around levels last seen during the Sars period in 2003. We believe a surge in investments stemming from: Bloomberg - 905 words
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Article855 2008-03-08 7 For week beginning Mar 3 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) China New Town 7-Mar-08 Sinopower Inv Ltd Buy 1000 na *****5 45.20 *****5 45.27 MidasHldgs 6-Mar-08 Chew855 words
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Article, Illustration1638 2008-03-08 7 TEH HOOI LING - TEH HOOI LING SHOW ME THE MONEY The businesses that make money for Warren Buffett, and those that don't OVER a dinner party last week, a veteran on the Singapore club scene asked those around him to define what "hip" is. None couldBLOOMBERG - 1,638 words
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SINGAPORE CORPORATE AWARDS 2008
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Article, Illustration721 2008-03-08 8 LYNETTE KHOO; ARTHUR LEE; JOHN HENG - LYNETTE KHOO ARTHUR LEE JOHN HENG TO the untrained eye, corporate governance may seem like fulfilling a set of do's and don'ts. But to those in the know, corporate governance often goes beyond a checklist approach to fulfilling the spirit of transparency, quality disclosure, and accountability to shareholders.721 words
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SINGAPORE NEWS
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325 2008-03-08 10 LAN POH - LAN POH MasterCard data shows June 30 last year beating traditional period By SINGAPOREANS last year made the most of their spending power and splashed the cash before the two percentage point Goods and Services Tax (GST) increase kicked in. According to325 words
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319 2008-03-08 10 LAN POH - LAN POH By SUPERCAR maker Porsche yesterday announced details of its participation in September's Singapore Formula One Grand Prix carnival. Singapore will host a leg of this year's Porsche Carrera Cup Asia season as a prelude to the Fl race. And next Friday,319 words
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Article, Illustration358 2008-03-08 10 WEE JUN KAI - WEE JUN KAI They get a chance to show off their video and win big prizes By Using the new "Travelpod", a mobile video booth now stationed along Orchard Road, tourists will get a chance to share their personal experiences of Singapore via358 words
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244 2008-03-08 10 FOUR more airlines will join Singapore Airlines at Terminal 3 from March 26. China Eastern Airlines, Jet Airways, Qatar Airways and United Airlines will move their operations there from Terminal 1. The Civil Aviation Authority of Singapore (CAAS) is facilitating the244 words
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Article, Illustration561 2008-03-08 10 MATTHEW PHAN - MATTHEW PHAN By DESPITE an increasing number of environmental taxes accompanied by loud cries for more receipts from green taxes as a percentage of GDP fell slightly in developed countries from 1996 to 2005, according to a study by KPMG. "It is oddREUTERS - 561 words
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Page 10 Advertisements
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Advertisement43 2008-03-08 10 BE WITH AND WIN! MOBILE PHONES, HOTEL WOUCHERS, SHOPPING SPREES AMD NORE CATCH UP WITH THE NEW 9L3 MERCEDES BENZ VITO THUUDERTEUCK OR VISIT US <?> SPH NEWS CENTRE TO GET YOUR CAR DECALS! <^0 THE BIGGEST HITS FFW THE 9D'5 TILL NOU WWW.RADIO9Kt.COM43 words
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Advertisement31 2008-03-08 10 Lianhe Zaobao I I f% g Attention Ms turns to I I' two related I companies i after I end of I battle |for ITrading ST U POST YOUR AD €> WWW.SnOI.COM31 words
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MALAYSIA/INDONESIA
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Article, Illustration751 2008-03-08 11 PAULINE NG - PAULINE NG MALAYSIA ELECTIONS Minister Shahrizat Jalil squares off against Anwar Ibrahim's daughter By in Kuala Lumpur THE battle for the parliamentary seat of Lembah Pantai is shaping up as the keenest contest of Malaysia's 12th general election. Minister for Women, Family CommunityTHE STAR, REUTERS - 751 words
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Article, Illustration343 2008-03-08 11 -Reuters [KUALA TERENGGANU] With little money or manpower, a barely literate 89-year-old Malaysian grandmother running for parliament in today's general election has turned to cyberspace to reach out to her voters with a Facebook profile and her own blog. Maimun Yusuf, the oldest election candidate-Reuters; REUTERS - 343 words
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322 2008-03-08 11 Bloomberg [KUALA LUMPUR] Malaysia's industrial production grew at the fastest pace in more than a year in January as manufacturing activity at factories increased and demand for commodities boosted mining output. Overall production at factories, utilities and mines rose 7 per cent from a– Bloomberg - 322 words
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221 2008-03-08 11 Reuters [MUMBAI] Indian utility Tata Power Co Ltd is considering building power plants in South-east Asia and is looking at mines in Indonesia though rising coal prices are making acquisitions expensive, its managing director said. The company, India's oldest private power producer,– Reuters - 221 words
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Page 11 Advertisements
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Advertisement547 2008-03-08 11 IN THE MATTER OF In the Matter of IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 The Companies Act, Cap. 50 THE C°^ THEMAmRO?" s°' AND and YUE HWA PTE LTD IN THE MATTER OF In the Matter of (CO. REG. NO.: *****0887 C] BRANDZ GROUP LTD MFF MFNIft547 words
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Advertisement42 2008-03-08 11 Bni~^^Sß mk ctigems m~ WwQpQ^MMmm BfcifiJiK'gl— WHm WtttWCiß Spot the hottest trends and coolest styles from Paris, Milan and New York Fashion Weeks. Be the ultimate fashionista! Hip W^MW PRESENTEDBY CITIGEMS g* □FFICIAL HAIRCARE nmrini MillTlir I*" -*\-**^~t OFFICIAL TIMEPIECES Coheir. SPHmagazines42 words
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Advertisement116 2008-03-08 11 MARCH PULSES OUT NOW! IN THIS ISSUE: Cover story: Renewable energy a hot topic in business now We chat with Ho Bee's founder Chua Thian Poh and find out how he copes with the market's ups and downs Pulses takes an in-depth look at companies such as Vicom, United Food116 words
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GREATER CHINA/INDIA
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255 2008-03-08 12 Bloomberg CIC chief risk officer says he was misinterpreted; fund to go portfolio route [BEIJING] China Investment Corp, which manages the nation's US$2OO billion sovereign wealth fund, has denied a Beijing Times report that it would temporarily halt overseas invest- ments. The Beijing-based– Bloomberg - 255 words
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261 2008-03-08 12 -AFP [SHANGHAHForeign financial institutions will again be allowed to invest in China's equity markets after the government ended a year-long suspension aimed at cooling the market, state media reported yesterday. China's regulators have given the green light to an unnamed sovereign wealth fund-AFP - 261 words
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Article, Illustration404 2008-03-08 12 -AFP [NEW DELHI] The communist allies of India's ruling Congress-led coalition are warning that they will bring down the government if it goes ahead with a controversial nuclear accord with the United States. The communists issued the threat in the latest issue-AFP - 404 words
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Article8753 2008-03-08 12 Transaction date: Mar 7 »-wks Tel Low Code Last Sale Vol ('000) Hii Jay L Low Bu; .ast Quote yer Seller Div C'vr Net P/E I Cap $mil Mi Com[ i an; 5716 1st Software 22 6.5 3148 STelecom 28.5 10.5 5834 A-Sonic 107 98.5 6389 ABFSGBondETF 308,753 words
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ASIA-PACIFIC
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Article, Illustration627 2008-03-08 13 ANTHONY ROWLEY - ANTHONY ROWLEY Opposition DPJ said to be opposed to the former finance ministry official By in Tokyo JAPAN'S ruling Liberal Democratic Party yesterday nominated Bank of Japan deputy governor Toshiro Muto to succeed Toshihiko Fukui as governor of the central bank later this627 words
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SGX
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Article56 2008-03-08 13 VOLUME FirstRes 113,310,000 Global Voice 60,987,000 Gems TV 51,116,000 Golden Aqri 43,944,000 Jasper 30,698,000 CapitaLand 23,242,000 Yanqzijianq 22,189,000 SingTel 18,966,000 CapitalanMBLeCW*****6 18,816,000 Auston 18,346,000 Clob VALUE (S) DBS Grp 139,961,468 CapitaLand 132,410,389 SGX 127,558,960 FirstRes 114,927,195 OCBC Bk 80,423,110 Keppel Corp 78,878,240 SingTel 69,220,770 UOB 57,201,040 STX56 words
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Article100 2008-03-08 13 BY CENTS CLOSE UP SGXMBLePW*****2 61 12.5 25.8 Cai italanBNPePW***** 50 11.0 28.2 STI 3450 DBePW*****2 123 10.0 8.8 Deloni 350 9.0 2.6 Isetan 415 9.0 2.2 Sin )TelMBLePW*****8 59.5 9.0 17.8 SGXBNPePW*****7 93 7.0 8.1 NobleG MBLeCW*****5 20.5 6.5 46.. STI 3100SGAePW*****9 68 6.5 10.6 STI 3500BNPePW*****8 54.5100 words
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Article120 2008-03-08 13 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN GLD 10US$ 9680 -94.2 -0.7 China H 10US$ 1614 -94.2 -4.I JMH 2812 -80.3 -2.0 SIA 200 1474 -66.0 -4.3 Jardine C&C 1920 -62.0 -3.1 IS MSCI India 100 744 -61.0 -5.6 Asia120 words
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Article82 2008-03-08 13 Up Down Unch 2 113 Up Down Unch OOP Up Down Unch 2 113 Multi Ind Manufacture 30 103 58 18 12 34 121 70 Commerce 42 J8_ JJ4 49 J21 )t/Sior/Comms 26 11 28 12 Finance 23 23 lonstruction Pro] 25 25 Hotels/Rsts iervices lect/Gas/WateT jricul82 words
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Article124 2008-03-08 13 TURNOVER MAIN SDQ '000) TOTAL VALUE SDQ '000) TOTAL MAIN Multi Ind 25,577 25,577 126,487 126,487 Manufacturing 244,567 33,155 277,722 211,222 4,242 215,464 Commerce 105,729 2,131 107,860 56,464 312 56,776 94,092 393 94,485 259,941 105 260,041 Finance 58,233 20 58,253 430,526 430,530 Construction 27,745 17,662 45,407 7,614124 words
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Article29 2008-03-08 13 Stock name Close Chani CapitaLand 5.700 -0.150 Zapil lev" irp Ian ffrie" ipet irp Stock name Close Chani Olam 2.240 -0.150 >emt >ing EaT 'angzijiang29 words
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Article2230 2008-03-08 13 BONDS WARRANTS Tel Code Comi Tel Code Company 2036 Advance SCT Ltd W*****9 9092 Asia Environment W*****4 1851 AusGroup MER ECW*****8 4015 Capitaland BNP ECW*****2 3879 Capitaland BNP ECW*****2 3906 Capitaland BNP ECW*****6 3666 Capitaland BNP ECW*****9 3762 Capitaland BNP ECW*****0 4056 Capitaland BNP ECW*****1 4083 Capitaland BNPECW*****8 3667 Capitaland2,230 words
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Article2245 2008-03-08 13 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 offer2,245 words
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Article81 2008-03-08 13 52-Wk Tel h Low Code Last Sale Vol Cooo) Day lh Low Last Quote Buyer Seller Div GrYld C'vr Net P/E MCap $mil _Hm Comi _Hm 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 *****81 words
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Article73 2008-03-08 13 52-Wk Tel High Low Code Last Sale Vol Cooo] Day |h Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Com] >am Hii 139 87 6000 AVJennings 21.5 5.5 6134 Over&Gen 60.5 19.5 6017 StarCruises 320 181 6019 TanChonglnt A88 A7 IIS22 -0.5 IIK231cd -773 words
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WORLD
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527 2008-03-08 14 Reuters, AFP Payroll data indicate that probability of recession is more than 50 per cent [WASHINGTON] US employers cut payrolls for a second straight month during February, slashing 63,000 jobs for the biggest monthly decline in nearly five years as the nation's labour– Reuters, AFP - 527 words
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411 2008-03-08 14 Bloomberg, AP [NEW YORK] US household wealth fell in the fourth quarter for the first time in five years and borrowing slowed as home values plunged and lenders restricted credit, Federal Reserve figures show. Net worth for households decreased in the fourth quarter by– Bloomberg, AP - 411 words
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288 2008-03-08 14 -AP [WASHINGTON] The heads of three companies implicated in the mortgage crisis have been asked to explain how they collectively received hundreds of millions of dollars in compensation while their companies were losing money. Slated to appear yesterday before the House-AP - 288 words
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215 2008-03-08 14 Reuters CITIGROUP plans to cut its home loan exposure by US$45 billion, reduce risk and save US$2OO million a year in an overhaul of its US residential mortgage business. The largest US bank, which suffered a US$9.B3 billion fourth-quarter loss tied largely to mortgages, also– Reuters - 215 words
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Article7983 2008-03-08 14 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.902/ Star Europe Bond 1.22/ Star Europe Bal 1.161/ Star Asian Tiger Eqty 1.378/ Star Asia Bond 1.196/ Star Asia Balanced 0.963/ Star Global Technology Fund!** 0.184/ Multi St Fd 0.864/ Star Asia Bond(USD) 0.861/ Gib Multi St USD7,983 words
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MOTORING
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Article, Illustration578 2008-03-08 15 The colour of the new Chrysler Sebring Cabrio is red hot and it's a breeze to drive, as SAMUEL EE finds out from its owner IM Hong Ann calls his Chrysler Sebring Cabrio his "hongbao" car not only for its Inferno Red paintwork but also becauseARTHUR LEE - 578 words
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Article, Illustration557 2008-03-08 15 SAMUEL EE - SAMUEL EE By THE light drizzle at the launch of the BMW Hydrogen 7 in Singapore this week was a fitting welcome for the German automaker's showcase of its eco-friendly credentials. After all, this is a car that touts water vapour as its only emission. The557 words
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Article, Illustration654 2008-03-08 15 SAMUEL EE - SAMUEL EE By! THE BMW Hydrogen 7 can be powered by either petrol or liquid hydrogen because the car's VI2 internal combustion engine has been adapted to run on both. The Munich-based carmaker's project, which has so far seen the production of 100 such cars, is aimed654 words
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GOLF
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Article, Illustration1255 2008-03-08 16 ith the successful HSBC Women's Champions over, the tour now looks ahead to achieving even more, writes JUSTINE MOSS SINGAPOREANS got a taste of top-class women's golf last week when 78 of the world's best competed in the inaugural HSBC Women's Champions now partREUTERS; LPGA - 1,255 words
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Page 16 Advertisements
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Advertisement647 2008-03-08 16 Wine&dine with weekendßT Chatterbox Lounge to satisfy your craving for delicious high tea special offering 50 per cent off the 2nd lunch buffet for 333 Orchard Road Meritus Mandarin Singapore delights. Select from our Weekday Afternoon Tea Set Marina Mandarin Singapore every two diners. For reservations at Vibe, please call647 words
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WELLNESS
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Article, Illustration1224 2008-03-08 17 Tried the slimming centre and it didn't work? Hospitals are finally catching up with the slimming scene, making weight loss more accessible by designing detox packages and providing cutting-edge exercise routines. CHEAH UI-HOON finds out more Raffles Hospital Weight Detox Retreat IF you've ever thought1,224 words
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Article, Illustration500 2008-03-08 17 Specialists at Browhaus Focus will craft the perfect arches for your peepers, CHEAH UI-HOON reports NOT all of us are gifted with nice, shapely eyebrows, but then we're told that brows "frame" the face, which make them rather important from the500 words
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Page 17 Miscellaneous
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Miscellaneous329 2008-03-08 17 CRYPTIC CROSSWORD ACROSS 6 A fringe gathering of lace I He is in a health-giving occu- makers (5) pation (11) 7 Practice at home ground (7) 9 City road (9) 8 You do what you like with it 10 Bill turns to Robert "got a (4 y 4) bean?" (5)329 words
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SHOPPING
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Article, Illustration669 2008-03-08 18 Never mind that Singapore is a 'young' country. The 'vintage' market is thriving. CHEAH UI-HOON takes a look at what's on offer and comes across exquisite collections of vintage bags, hats and yes, even electric fans AS the daughter of a fashionableARTHUR LEE - 669 words
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Article, Illustration195 2008-03-08 18 Deja Vu Vintage - Deja Vu Vintage #01-18, The Cathay HATS may not be big on the fashion scene here, but a "select clientele" and those who are more "fashionably aware" do buy them, says Kelly Yeo of Deja Vu Vintage. "They're great for covering a bad hair195 words
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Article, Illustration413 2008-03-08 18 CX Collections 584 Serangoon Road CKToh's antique and collectible store is not just a business but a labour of love. And he is particularly passionate about vintage electric fans. But if you ask him why, he is at a loss to explain. "It'sARTHUR LEE - 413 words
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Article, Illustration446 2008-03-08 18 CHRISTOPHER LIM - CHRISTOPHER LIM By SO you've decided to get yourself a pretty little camera. The one built into your mobile phone just can't cut it any more, but there's no way you're going to lug around anything big and bulky. Maybe you'll get one of the446 words
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Article, Illustration399 2008-03-08 18 CORINNE KERK - CORINNE KERK By THE competitive fragrance market is hotting up, fuelled no less by the launch this weekend of cult denim brand Diesel's first fragrance. Fuel for Life is the maiden collaboration between Diesel and French cosmetics giant, L'Oreal, and part of the399 words
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PERSONAL SPACE
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Article, Illustration1352 2008-03-08 19 Fhat's how entrepreneur Christine Amour-Levar describes ]he styling of her apartment, reports CORINNE KERK CHRISTINE Amour-Le-var cannot hide her excitement. The tall, striking woman with flowing hair and long legs recently found a ladies' soccer team here, and was trying out for aARTHUR LEE - 1,352 words
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THE BUSINESS TIMES weekend
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Article, Illustration1918 2008-03-08 20 Jaime E; Geoffrey Eu; Geoffrey Eu; Cheah Ui- Hoon - Jaime E& Geoffrey Eu Geoffrey Eu Cheah Ui-Hoon BT Weekend checks out restaurants which offer one-of-a-kind experience along with above average food IN the never-ending fight for the dining dollar, the pressure is on for restaurateurs to come up with some new and unique concept to grab the1,918 words
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Article, Illustration368 2008-03-08 20 CHEAH UI- HOON - CHEAH UI-HOON By BIG Splash, the much-loved water park in the 80s, might have dismantled its water slides, but the area has been given a new lease of life. In place of water-based fun, the renamed park Playground@Big Splash now has more food and368 words
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Page 20 Miscellaneous
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Miscellaneous9 2008-03-08 20 J|-. Retro-chic Ifl Sk clutches xx HP Page 189 words
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