The Business Times, 15 March 2008

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Total Pages: 20
1 20 The Business Times
  • 24 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents ap* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA(P) 122/12/2007 March 15-16 2008 online at http://business-times.asia 1 .com.sg
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  • 759 1  -  UMA SHANKARI 50% hike over past year in price of gold and some diamonds; sales still holding firm [SINGAPORE] Diamonds are forever it's just that they cost much more than they did a year ago. This has not stopped many from digging into their
    BLOOMBERG  -  759 words
  • 439 1  -  SIOW Ll SEN He will run Ta Chong Bank which competes against DBS's Bowa Bank [SINGAPORE] Edmund Koh, DBS's outgoing top consumer banker hired by the Carlyle Group will be running Taiwan's Ta Chong Bank, pitting him against former colleagues who
    FILE PHOTO  -  439 words
  • Page 1 Advertisements
    • 2 1 B''BB7lBr3oooo V
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    • 129 1 K#j? ____m.?».KTcTa fiT-»B»ff _usl y^s mffj^ST' WwLp- 31a \m_u _^t___^^_^t W ■*^^8W v Strategically located at One Orchard Boulevard, Camden Medical Centre is just minutes from Gleneagles Hospital, Mount Elizabeth Hospital and luxury hotels such as The Regent Singapore and Four Seasons Hotel Singapore. Designed by Pritzker Prize Laureate Richard
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  • Page 1 Miscellaneous
    • 33 1 ■ml j\Vj^^ raffles motorsports motoring UISfPS^ CONVERSATION Simon Cheong |C^_ Porsche at _A ___*■■-Vy' W JS Ml.^^_B _____!y___ IH ___W HIGH DINING How top-notch restaurants are coping with higher food prices PAGE 20
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  • TOP STORIES
    • 687 2  -  CHUANG PECK MING Jobless rate is down to a decade low of 1.6%, MOM report shows [SINGAPORE] Earnings continued to outpace productivity gains for the third straight year as productivity dipped for the first time since 2001. Labour productivity
      Department of Statistic, MTI, CPF  -  687 words
    • 574 2  -  SAMUEL EE Lim Wen Juin It will also field a car in this year's Porsche Carrera Cup Asia series [SINGAPORE] Luxury residential property developer SC Global Developments is zooming into the motorsports arena by fielding a car in this year's Porsche
      ARTHUR LEE  -  574 words
    • MARKETS DIGEST
      • 62 2 A ST INDEX 2,839.01 (+33.46) A ST INDEX FUTURES 2,836 (+34) ASIMSCI 352.14 (+4.15) ASIMSCI FUTURES 354.20 (+8.20) KLCOMP 1,194.84 -6.51 NIKKEI 225 12,241.60 -191.84 HANG SENG 22,237.11 -64.53 SET INDEX 818.04 +3.73 JAKARTA COMP 2,383.42 -57.17 MANILA COMP 2,906.53 -33.94 SEOUL COMP 1,600.26 -15.36 SHENZHEN B 572.61 -9.03
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      • 29 2 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.75 INDONESIA 15.662 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 6.00 CANADA 5.25 SWITZERLAND 4.00 INDIA 12.25 Source:
        : Bloomberg  -  29 words
      • 36 2 IS$ (S$ per US$) 1.383 (US$/S$ )er 2.033 2.811 ;URO(US$/S$/E) 1.559 2.156 'EN 100.3 72.50 3.168 2.290 IK$ 7.783 5.628 !AHT 31.41 22.71 lUPIAH 9,255 6,692 IENMINBI 7.086 5.123 INDIAN RUPEE 40.43 29.24 1.061 0.767
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    • 295 2 AP.AFP [NEW YORK] The federal government and JPMorgan Chase Co yesterday teamed up on a bailout of Bear Steams Cos, a last-ditch move to save the investment bank, which acknowledged its dire financial straits after a week of firm denials.
      AP.AFP  -  295 words
    • 524 2  -  RONNIE LIM Bid much higher than earlier estimates as genco sales get underway [SINGAPORE] China's largest power producer, China Huaneng Group, has clinched Singapore's Tuas Power for 554.2 billion, winning out against several other bidders in a hotly-con-tested sale. Temasek Holdings said
      524 words
    • THREE-MINUTE DIGEST
      • 54 2 INVESTORS flocked back to the counter of First Resources yesterday, sending the stock up as much as 23 per cent to $1.17, after the company said the Indonesian corruption watchdog has withdrawn its intention to auction off three of its plantation and milling assets.
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      • 46 2 A CONSORTIUM involving Midas Holdings' joint-venture company Nanjing SR Puzhen Rail Transport (NPRT) has secured a 550.4 million yuan contract to supply metro train cars. Midas has a stake of 32.5 per cent in NPRT. COMPANY NEWS, PAGE 5
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      • 44 2 SINGAPORE'S economy has been ranked the most successful among 125 countries, easily outperforming all its Asian counterparts. Somewhat surprisingly, the two fastest-growing Asian economies India and China came in 42nd and 51st. SINGAPORE NEWS, PAGE 7
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      • 54 2 SINGAPORE'S retail sales in January rose 7.8 per cent year on year, the Department of Statistics said yesterday. It added that retail sales rose just 1.5 per cent if adjusted for inflation. Excluding motor vehicles, retail sales in January were 15.1 per cent higher.
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      • 49 2 A CRISIS has erupted in Malaysia's northernmost state of Perlis after its ruler ignored the prime minister's choice of chief minister and, instead, named Mohamad Isa Sabu, a little known politician from the ruling Umno, as his choice. MALAYSIA/INDONESIA, PAGE 8
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      • 57 2 CHINA'S capital spending on assets such as flats and factories eased at the start of the year, providing more evidence of a modest slowdown. But economists ruled out a relaxation of the tighter policies Beijing has been pursuing given that consumer inflation is
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      • 60 2 THE pace of India's economic growth will ease to 8.7 per cent in the fiscal year ending March 31 due primarily to a slowdown in consumer demand and the manufacturing sector, Finance Minister P Chidambaram said yesterday. That's down from expansion of 9.6
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      • 67 2 CHEAPER energy helped keep overall consumer prices as well as vital core prices in check in February, the Labor Department said, a surprise after a period of run-ups had fanned worry about inflation. It said the consumer price index, the most widely used
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  • THE RAFFLES CONVERSATION
    • 2274 3  -  VIKRAM KHANNA Chairman and CEO of Ogilvy and Mather Worldwide, Shelly Lazarus, talks to about how and why the transformation of the advertising industry is an adventure ™OU can never f communicate enough," Shelly Lazarus likes to say. She's spent more than 35 years of her professional life
      MARKSCHAFER  -  2,274 words
    • 97 3 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 highest
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  • COMPANY NEWS
    • 532 4  -  LYNETTE KHOO Indonesian anti-graft agency drops intention to auction off company's assets INVESTORS flocked back to the counter of First Resources yesterday, sending the stock up as much as 23 per cent to $1.17, after the company said the Indonesian corruption watchdog has
      532 words
    • 564 4 Reuters Report: NOL willing to pay USs7b for Hapag-LLoyd [HANOVER] TUI AG shares rose more than 6 per cent to two-month highs on growing speculation that chief executive Michael Frenzel will bow to shareholder pressure and split up the tourism
      – Reuters; BLOOMBERG FILE PHOTO  -  564 words
    • 241 4 Bloomberg CHARTERED Semiconductor Manufacturing, the maker of chips that power Microsoft Corp's Xbox 360 game console, reiterated it may post its first loss in three quarters as demand for electronics falters. The Feb 1 forecast that first-quarter results may range from a net
      Bloomberg; BLOOMBERG FILE PHOTO  -  241 words
    • 575 4  -  R SIVANITHY STOCKS IT WAS less than six months ago that the Straits Times Index was setting consecutive all-time highs, driven by tides of liquidity and a raging Wall Street that seemed unfazed by the increasing flow of negative sub-prime news. Since
      575 words
    • 360 5  -  CHOW PENN NEE Supply of additional 60 train cars for Nanjing Metro project A CONSORTIUM involving Midas Holdings' joint-ven-ture company Nanjing SR Puzhen Rail Transport (NPRT) has secured a 550.4 million yuan (*****.6 million) contract to supply metro train cars. Singapore-listed Midas, a
      FILE PHOTO  -  360 words
    • COMPANY BRIEFS
      • 59 5 Reuters VIACQUARIE International Infrastructure Fund (MIIF) _aid it has sold its entire _take in Macquarie \irports for $154.3 million md would use the oroceeds to reduce its _xisting debt to $23.9 million. It has also accepted offers from annamed financial nstitutions to establish £440
        – Reuters  -  59 words
      • 61 5 SUNRIGHT'S net profit for the first half ended Jan 31, 2008, more than doubled to $4.96 miUion from $2.2 million a year ago. This was thanks to higher profits from associated companies due largely to a writeback of deferred tax provisions. Total revenue
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      • 91 5 PRINTED circuit board maker Tri-M Technologies, which is on the Singapore Exchange watchlist, said it has entered into an MOU to fully acquire Kingworld Resources, which is in the oil exploration and production (E&P) business. The purchase consideration is to be negotiated. If the
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      • 87 5 SNF Corp's net losses widened for the year ended Dec 31, 2007, to $2.95 million from $768,710 the previous year, as revenue dropped 19.2 per cent to $20.7 million and competition drove down selling prices. The group said it continues to expect the
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      • 47 5 CENTRALAND said its 2007 full-year net profit fell 9.4 per cent to 41.14 million yuan (558.04 million) as higher costs offset the 5.6 per cent rise in revenue to 291.89 million yuan from sales of properties and rental income.
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    • 363 5  -  CHOW PENN NEE DESPITE a 27.2 per cent rise in revenue to $254.9 million, Beyonics Technology's net profit for the second quarter ended Jan 31 fell 23.3 per cent year-on-year to $3.9 million. Cost of sales climbed 29.5 per cent to $241.8 million,
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    • 301 5  -  MICHELLE QUAH POPULAR Holdings saw its net profit slip 8.2 per cent for its third quarter ended Jan 31, 2008-to $8.9 million, from $9.7 million the year before, as higher expenses ate into takings. The group, best known for its bookstore chain, managed to
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  • Page 4 Advertisements
    • 2009 4 •fn**. JUNMATYRE CORD COMPANY LIMITED sfim/nei (Incorporated in The People's Republic of China) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Junma Tyre Cord Company Limited ("the Company") will be held at Room 1211, New Huangpu Financial Building, 61 Nanjing East Road, Shanghai,
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  • PERSONAL INVESTMENT
    • 1083 6  -  MATTHEW PHAN United Engineers March 14 close: $3.78 DBS GROUP RESEARCH, March 14 STORY: UE's property activities will be the major earnings driver for the next few years following its move to streamline activities and focus on its core competencies. Our net profit estimates of $92.6 million (FYOBF)
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    • 136 6 SHOW ME THE MONEY Performance ot China and other stoi •erl lers :od icks listed on Singapore Exchange lis on iingapore :XCl iange CHINA NON-CHINA ALL CHINA NON-CHINA ALL STOCKS STOCKS STOCKS STOCKS STOCKS STOCKS CHINA STOCKS NON-CHINA STOCKS ALL STOCKS with improved revenue 82 76 78
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    • 1264 6  -  TEH HOOI LING Until recently, the outlook for China was as bullish as ever but more and more bad news has emerged in the past few months INVESTORS who are still holding on to their stocks, especially China stocks, would know how severe a drubbing
      REUTERS  -  1,264 words
    • BT SHARE INFORMATION SERVICE
      • 688 6 Trans Date Shareholder/ Director Sell Conv Shares '000 Price Per Shr$ Before C000J J(j After C000) Stock Macarthur Ind Reit 13-Mar-08Macarthurcoom Fd Mgt *Buy 2671 na ***** 6.15 ***** 7.18 GuangzhaolFB 13-Mar-08Su Min Buy 1245 0.15 ***** 13.42 ***** 13.63 Middle East Devt 13-Mar-08Kim Leng Choon Sell
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      • 181 6 COMPANY MEETING PLACE DATE TIME Shining Corp E 11 Changi South Street 3, #04-01 Singapore *****2 18-Mar 10.00am Memory Devices S The Pines 30 Steven Road Singapore *****0 18-Mar 10.30am Jasper Invest E NTUC Centre No. 1 Marina Boulevard #07-00 Singapore *****9 19-Mar 10.30am Metax Engg E No.
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  • SINGAPORE NEWS
    • 454 7  -  LEE U-WEN German non-profit group ranks Spore most successful among 125 nations SINGAPORE'S economy has been ranked the most successful among 125 countries worldwide, easily outperforming all its Asian counterparts. The ranking, released yesterday by German non-profit organisation Bertelsmann Foundation, put Taiwan in
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    • 205 7 THE newest international school here hopes that it can remain its smallest in terms of its student-teacher ratio. Avondale Grammar School says that it hopes expatriates here will be attracted to its small classroom sizes, which it says allows for more
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    • 402 7  -  MATTHEW PHAN SINGAPORE'S retail sales in January rose 7.8 per cent year on year, the Department of Statistics said yesterday. It added that retail sales rose just 1.5 per cent if adjusted for inflation. This is "hardly consistent with booming consumption", said HSBC economist Robert
      FILE PHOTO  -  402 words
    • 216 7  -  DANNY TAN SOMETIMES, going the distance makes all the difference. Standard Chartered Bank underlined its commitment to developing local rugby by launching the Standard Chartered National Rugby Academy yesterday. On the back of sterling results announced last month, Stanchart has partnered the
      216 words
    • 651 7  -  YEN SREENIVASAN CHANGI Airports International (CAI) expects to have a global portfolio of about 10 airports and investments of US$l billion in airport equity in about five years. Chow Kok Fong, the international airport boss of the Civil Aviation Authority of Singapore (CAAS),
      651 words
    • 233 7 THE Singapore Cruise Centre (SCC) at Harbour Front upheld its reputation as one of Asia's leading cruise centres by winning three awards at the Seatrade Cruise Convention in Miami yesterday. The centre won awards for Most Efficient Port Services, Best Turnaround Port Operations and
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  • Page 7 Advertisements
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    • 128 7 II oT^ I^H y— m Mitsubishi Electric MR-F62T-ST Retail Price: $1,369 (exclude 7% gst> Add the Mitsubishi Electric MR-F62T-ST refrigerator to your home or office by being the highest bidder. What's more, you can make a difference, as 50% of your winning bid will be donated to The Straits Times
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  • MALAYSIA/INDONESIA
    • 622 8  -  S JAYASANKARAN He appoints another Umno member 'who commands the trust of many' A CRISIS has erupted in Malaysia's northernmost state of Perlis after its ruler ignored the prime minister's choice of chief minister and, instead, named Mohamad Isa Sabu, a little
      622 words
    • 342 8 Reuters [MADRID] Spanish stainless steel maker Acerinox is to build a US$l.5 billion plant in Malaysia with Japan's Nisshin Steel it has said, boosting the firm's production capacity by almost a quarter. The factory, Acerinox's sixth but its first in Asia, will help
      Reuters  -  342 words
    • 603 8 Reuters [PUTRAJAYA] Malaysia's Prime Minister Abdullah Ahmad Badawi yesterday said that he heard the people's voice in last weekend's watershed elections and admitted that it would be "the last of me" if he doesn't live up to their expectations. Mr
      ■ Reuters; REUTERS  -  603 words
    • 742 8 -AFP [JAKARTA] Gingerly removing a black cloth from his aquarium, Erfin Hongdoyo beams as he unveils one of his most treasured possessions a large red, and very rare, Arowana fish. The ethnic Chinese Indonesian is proud owner of a 45-centimetre "scleropages formosus",
      -AFP  -  742 words
    • 2284 8 lar 14 RM ('000) A&M Realty 0.63 AbricBhd 0.25 Advance Synergy 0.12 Adventa Bhd 1.19 Ae Multi Hldgs 0.26 Win Holdings 2.04 Ahmad Zaki Resou 0.98 AicCorp 0.55 \irasia Bhd 1.41 Akn Technology 0.43 Alliance Financi 2.72 Aluminium Co 1.02 Amalgamated Ind 0.45 \mmb Hldgs Bhd 3.20 Amtel
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  • Page 8 Advertisements
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  • GREATER CHINA
    • 657 9 Reuters Modest slowdown won't lead to any policy change, say economists [BEIJING] China's capital spending on assets such as flats and factories eased at the start of the year, providing more evidence of a modest slowdown in the world's fourth-largest economy. But economists ruled
      – Reuters; BLOOMBERG  -  657 words
    • 625 9 -AFP Its Net population comes to 220 m, America's is 217 m [BEIJING] China's Internet population has overtaken the United States's to become the world's biggest with about 220 million web surfers, a research firm said yesterday. The Chinese figure dates
      -AFP; AP  -  625 words
    • 346 9 Reuters Move part of efforts to bolster the fledgling sector [BEIJING] China plans to relax a series of restrictions on its rural banks this year, including caps on investment in them, as part of efforts to bolster the fledgling sector, the banking regulator
      Reuters  -  346 words
    • 1265 9 NYT Here's a show that offers a retreat from worldly tumult, says HOLLAND COTTER FROM his terrace, the world is blue and green mountains and trees or almost green. Spring is on the way; the geese are back. One, then two, alight on the
      NYT  -  1,265 words
    • 280 9 Reuters [SHANGHAI] Ping An Insurance, China's second-largest life insurer, is in the final stage of negotiations to buy a major stake in the asset management unit of Belgian-Dutch financial services group Fortis, two sources with direct knowledge of
      – Reuters  -  280 words

  • INDIA
    • 914 10 -AP STORIES OF PARTITION An ambitious 10-year project talks to survivors of a time when people were cut down like carrots and radishes [NEW DELHI] Every year in March, Bir Bahadur Singh goes to the local Sikh shrine and narrates the grim events of
      -AP  -  914 words
    • 8734 10 Transaction date: Mar 14 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil Company 5716 1st Software 22 6.5 3148 STelecom 28.5 10 5834 A-Sonic 110 98.5 6389 ABF SG Bond ETF 30
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    • 315 11 AP, Bloomberg Main reason is weaker expansion in manufacturing, consumer sectors [NEW DELHI] The pace of India's economic growth will ease to 8.7 per cent in the fiscal year ending March 31 due primarily to a slowdown in consumer demand and the manufacturing
      AP,; Bloomberg  -  315 words
    • 258 11 [BANGALORE] Bangalore International Airport Ltd (BIAL), building a new facility in India's technology hub, was forced to delay the opening by six weeks, prompting 15,000 striking government workers to end their protest. The civil aviation ministry sought a delay after the federally run Airports
      Bloomberg  -  258 words
    • SGX
      • 64 11 VOLUME Chasen 92,928,000 FirstRes 47,409,000 CoscoCori iMBLeCW*****1 42,308,00! Golden Ai Hi. 40,443,000 CoscoCori leCW*****8 33,860,00! Li Hen. 29,622,000 Cosco Cor| 26,030,00! Sin. jTel 25,617,000 DBS DB eCW*****1 24,392,000 lear 24,302,00! Clob VALUE (S) Sin. iTel 98,063,550 Cosco Cor 79,426,654 iBS Gr| 73,809,440 SGX 66,658,910 UOB 66,355,593 Cai
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      • 94 11 CLOSE UP GLD 10US$ 9850 76.0 0.6 JMH 2740 69.1 1.9 JSH 1570 55.3 2.6 Venture Cor| 965 25.0 2.7 Thai Prime Fd 710 20.7 2.2 FirstRes 113 18.0 18.9 IndoAi iri 214 16.0 8.1 Caj itaLand 576 15.0 2.7 Kei ;l Cor| 965 15.0 1.1 OCBCBk 759 13.0
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      • 120 11 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN S I A 1412 -30.0 -2.1 China H 10US$ 1532 -27.7 -1.3 DBS MBL JCW*****0 451 -24.0 -5.1 Jardine C&C 1760 -24.0 -1.3 Asia Pac Brew 1300 -20.0 -1.5 Creative Tech 705 -15.0
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    • 88 11 Up Down Unch 9 4 4 Up Down Unch OOP Up Down Unch 9 4 4 Multi Ind Manufacture 71 55 53 13 78 63 66 Commerce 27 J6_ H _31 ■21 )t/Stor/Comms 17 11 17 13 Finance 18 Jl J8_ H lonstruction Pro] J7_ J4 10_
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    • 117 11 MAIN SDI TOTAL MAIN SDI TOTAL Multi Ind 16.861 16.861 78.693 78.693 Manufacturing 259.543 15.180 274.723 225.944 1.604 227.548 Commerce 48.441 1.472 49.913 60.354 218 60.572 ir/< 98.135 261 98.396 277.260 80 277.341 Finance 29.904 29.904 252.730 252.730 Construction 20.731 6.288 27.019 5.553 708 6.261 ■TO] 55.049
      117 words
    • 46 11 Stock name Close Change CapitaLand 5.760 +0.150 Zapll Jev" .osco .orp irp ien' ipel .orp ipel .am irp Stock name Close Change Olam 2.110 +0.100 :ngg SI bngg J3U0 +0.0^0 bembLorp Ind 4.020 +0.040 >mg lai leverage I mar 'angzijiang 'arfl tori
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    • 1498 11 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 3779 ASL Marine Hldgs W*****1 41 1 14 1 53 -3 2.35 1 9092 Asia Environment W*****4 14.5 -1.5 240 1 38 7 3.38 17 3906Capitaland BNP ECW*****6 13.5
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    • 2228 11 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
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    • 76 11 52-Wk Tel High Low Code Last Sale Vol Cooo) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap Cvr P/E $mil Comi _Hm 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** *****
      76 words
    • 75 11 52-Wk Tel High Low Code Last Sale Vol ('0001 Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Corn] lam Hii 139 87 6000 AVJennings 21.5 5.5 6134 Over&Gen 60.5 19.5 6017 StarCruises 320 181 6019 TanChonglnl ii88 AS 5 IS/1 +0.5 IIK/S8cd
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  • MIDDLE EAST
    • 489 12 Reuters Buyer of the 40% in Philippine refiner is London investment fund Ashmore Group [MANILAISaudi Aramco is selling its 40 per cent stake in the Philippines's top refiner, Petron Corp, to Lon-don-based investment fund Ashmore Group for US$55O million, Petron officials said yesterday. Petron
      – Reuters  -  489 words
    • 584 12 -AFP [WASHINGTON] A detailed Pentagon study has confirmed that there was no direct link between late Iraqi leader Saddam Hussein and the Al-Qaeda network, debunking a claim President George W Bush's administration used to justify invading Iraq. Coming five years after
      -AFP; REUTERS FILE PHOTO  -  584 words
    • 7779 12 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.898/ Star Europe Bond 1.233/ Star Europe Bal 1.164/ Star Asian Tiger Eqty 1.281/ Star Asia Bond 1.189/ Star Asia Balanced 0.95/ Star Global Technology Fund!** 0.185/ Multi St Fd 0.864/ Star Asia Bond(USD) 0.86/ Gib Multi St USD
      7,779 words

  • ASIA-PACIFIC/WORLD
    • 529 13 Reuters Creates room for the Fed to lower rates more and stimulate the economy [WASHINGTON] Cheaper energy helped keep overall consumer prices as well as vital core prices in check in February, the Labor Department said yesterday, a surprise after a
      Reuters  -  529 words
    • 263 13 Reuters [NEW YORK] The vice-chairman of the International Securities Exchange (ISE) was charged with insider trading on Thursday, accused of leaking confidential information about the US$2.B billion takeover of the options and stock exchange last year. Prosecutors said that Tohn Marshall obtained non-public
      Reuters  -  263 words
    • 522 13 Bloomberg, Reuters [WASHINGTON] The Senate's top tax-writers said they are reviewing how US tax policies apply to sovereign wealth funds (SWFs) after financial services companies sold them equity stakes worth US$24 billion. Montana Senator Max Baucus and lowa Senator Charles Grassley, the chairman
      Bloomberg, Reuters  -  522 words
    • 851 13  -  ANDREW MARKS WITH the next Federal Open Market Committee (FOMC) meeting coming up in just a few days, Toby Levkovich, chief market strategist at Citigroup, posed the dilemma facing the US central bank in simple terms. When discussing what it will
      851 words
    • 112 13 AFP [LONDON] Britain's Queen Elizabeth II and Prince Philip (left) arriving for the opening of Heathrow's new Terminal 5 building in west London yesterday. The Queen unveiled the terminal under tight security a day after a major security scare disrupted flights. Terminal Five will be
      AFP  -  112 words
    • 420 13 Reuters [TOKYO] A group of investors led by Nomura Holdings will pay up to US$3 billion for nationalised lender Ashikaga Bank as Tapan's largest brokerage makes a push into local banking. The deal could further accelerate consolidation among the country's scores of
      Reuters  -  420 words
    • 696 13 -AP [DETROIT] After losing US$l.6 billion in 2007 and watching its US sales plummet in the first two months of this year, Chrysler LLC is taking a drastic new step to right the ship: Requiring all employees worldwide to take a two-week vacation
      -AP  -  696 words

  • WORLD
    • 596 14 ■LAT-WP Americans are consuming less, and their assets are losing value [WASHINGTON] Retail sales plummeting. The dollar at a new low against other world currencies. A 60 per cent jump in US home foreclosures. A major investment fund going kaput. This is what
      ■LAT-WP  -  596 words
    • 496 14 -AP [LOS OLIVOS, California] Michael Tackson still has Neverland, having cut an llth-hour deal to keep it off the auction block. But the magic that once made the financially troubled entertainer's 1,012--hectare paradise in the rolling hills of central California's wine country one
      -AP  -  496 words
    • 606 14 Bloomberg [PARIS] Terome Kerviel, the trader blamed by Societe Generale for the biggest trading loss in banking history, is spurring a cottage industry in publishing in France. The first of at least five books chronicling how he evaded
      Bloomberg; s:Wamer Brothers Pictures, Nash Information Services, Internet Movie Database  -  606 words
    • 505 14 -NYT [PARIS] Terome Kerviel, the former trader at the bank Societe Generale, has told French investigators that an assistant on his desk conducted at least one large fictitious transaction last spring on their boss' computer as the boss looked on, according to
      -NYT; AFP  -  505 words
  • Page 14 Advertisements
    • 85 14 Ill] MARCH3OOS T___^_C_____SC_\___G_______SX_K„MhTlC_____^ torque NISSAN GT-R IT HAS PERFORMANCE M^^B AND PEDIGREE £71 \^^f TOPLESS DRIVING II CT_7E> BMW IsefllESCONVeftTlBLIi GOGS _____^fl__ Q___.__E_.____l BTnTEPTHAH[Tioo_:s^^^^^^^^^^^^_^^ MATTERS: _^^B _A MAZDA 6 H» ________fc I Hh_flß L ROOMETER r __^l vki_mm^ mmmmm] _____P V ____\__W a____V WWW' _W____\ PORSCHE CAYENNE GTS DRIVEN IN
      85 words
    • 26 14 I Lianhe Zaobaol Value of X property investments! in seven I cities I across the I Taiwan I Sti^t^ I ST ty £et tk vtyM; ituffwww.ST7ol.COM
      26 words

  • MOTORING
    • 545 15 Drive and display event celebrated the German marque, reports SAMUEL EE RARELY has a 911 Turbo with 480 horses been driven so sedately. But knowing that the "track" is Orchard Road on a busy Friday afternoon and that a minister is in the passenger seat, does
      ARTHUR LEE  -  545 words
    • 570 15  -  SAMUEL EE SO, will 2008 be a good year for the Altis? Was the loss of its crown in 2007 a mere blip to be quickly forgotten by rebounding sales? All will only be known at the end of the year but until then,
      570 words
    • 592 15  -  SAMUEL EE IF actress Cate Blanchett is the thinking man's sex symbol, then the Volvo SBO T6 must be his sports sedan. At first glance, the top-of-the-line T6 looks slightly sedate and just like the other two SBO variants available the entry-level 2.5T
      592 words

  • GOLF
    • 1270 16 Professional tours are springing up in the region and there is also a championship for amateurs who want to play competitively, reports JUSTINE MOSS THE regional golf tournament calendar at every level is looking pretty full these days. Just a few days after 78 of the
      1,270 words
  • Page 16 Advertisements
    • 722 16 Wine&dine with weekendBT MezeBar noodle station to one of the largest salad bars in town. Sunday and public holidays from 12.30pm to 5pm. succulent grilled barbecue buffet al fresco under the 333 Complete your meal with an assortment of delicious Dinner: daily from 6.30pm to 10.30pm. stars at the Poolside
      722 words

  • WELLNESS
    • 911 17 The affordable Mirena lUS is almost fool-proof and its benefits clearly outweigh the mild side-effects, MELISSA HENG finds out T'S a woman's dream come true. An almost foolproof contraceptive without the nasty side-effects of the pill but with all the benefits and at a lower cost. The
      911 words
    • 595 17  -  CHEAH UI-HOON The body's health requirements change as we age. BT Weekend reports on nutrition and a new treatment for the ageing THE definitive verdict based on clinical trials might still be out on nutritional supplements, but one don recommends them especially for those
      595 words
    • 392 17  -  JOANNE CHIEW THOSE with presbyopia might now find a new and permanent solution to their condition if they want to participate in a global clinical trial that is being conducted in Singapore. Presbyopia usually affects those 40 years old and above, and
      392 words
  • Page 17 Miscellaneous
    • 299 17 CRYPTIC CROSSWORD H pI[3I [4 I p I pl[B I I vu I I H _tf —__________________________^^l ACROSS 8 Guiding line about two simi--1 Two cutlets at once (4,4) lar points (8) 6 Quiet place for a school 13 Upholstery material that is break (6) harsh or rough (9) 9
      299 words

  • SHOPPING
    • 2644 18 The excitement of new labels hasn't died down even though London Fashion Week is over. There are a number of new Brit names ready to take on Singapore, writes MELISSA LWEE Blush B-Lush LIKE a good number of bag designers out there, Tara Gelpey
      2,644 words

  • TRAVEL
    • 1810 19 Rising from the devastation of Katrina, the city gives its guests a passionate welcome, overfeeds them and wins them over with a warmth that never dies, writes JAIME EE IF New Orleans was a person and you were meeting her for the very first time,
      NEW ORLEANS CONVENTION AND VISITORS BUREAU  -  1,810 words
    • 427 19  -  JAIME EE IN HOUSTON, time travel is not a problem. In about an hour or so, depending on traffic conditions, you can find yourself watching cowboys herd cattle followed by a hearty chuckwagon lunch at the ranch cookhouse, before heading to outer space to get up close
      GREATER HOUSTON CONVENTION AND VISITORS BUREAU  -  427 words

  • THE BUSINESS TIMES weekend
    • 1605 20 Hit by rising prices of ingredients, restaurants are forced to do some cost-cutting in creative ways, reports JAIME EE MAYBE your favourite teh tarik has become more diluted while your regular noodle stall has been skimping on ingredients and taste. As inflation hits historic highs
      1,605 words
    • 450 20  -  GEOFFREY EU By TUCKED away next to a pedestrian trail and overlooking Palawan Beach on Sentosa several minutes' walk from the nearest car park Silk Road of the Sea may be considered remote or quaint, but either way, dining there is a culinary voyage with
      450 words
    • 393 20  -  CHEAH UI-HOON THINK of East Coast Park in the 80s and the image that comes up could well be Big Splash's circular buildings with colourful spirals and slides, and also the neon-lit lobster for Seafood International. The lobster logo has been re-lit, at the same
      393 words
  • Page 20 Miscellaneous