The Business Times, 10 December 2008

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, December 10,2008
    22 words
  • Article, Illustration
    Lock icon Airline red ink to spill into next year
    684 1  -  YEN SREENIVASAN Worst revenue conditions in 50 years; Asia-Pac may be hit hard: lata [SINGAPORE] These are the worst of times for the aviation industry in half-a-century and they will continue through next year. The latest data from the International Air Transport
    REUTERS  -  684 words
  • Article, Illustration
    Lock icon Recent rally may not have legs to last
    943 1  -  TEH HOOI LING Stock markets have bounced off lows but watchers wary of calling the bottom [SINGAPORE] On the back of hundreds of billions of dollars worth of stimulus packages, stock markets around the world have bounced off their lows of October
    XINHUA PHOTO  -  943 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      44 1 uesi lam 1 COMP 835.17 -3.11 IIKKEI225 8,395.87 +66.82 IANG SENG 14,753.22 -291.65 ;et index 423.79 +13.21 JAKARTA COMP 1,266.12 +63.78 1ANILA COMP 1,935.07 +26.39 ;eoulcomp 1,105.84 +0.79 ;henzhenb 288.75 -6.05 IUMBAI IND Closed 11AM EST Cham )OW 8,899.69 -34.49 IASDAQ 1,598.25 +26.51
      44 words
    • Article
      Lock icon PRIME RATES
      30 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONG KONG 5.00 INDONESIA 16.830 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 2.00 US 4.00 CANADA 4.00 SWITZERLAND 2.07 INDIA. 13 on Source:
      Bloomberg  -  30 words
    • Article
      Lock icon FOREX
      46 1 IS$ (S$ per US$) 1.508 (US$/S$ per 1.482 2.234 :URO (US$/S$/E) 1.286 1.939 Forei' in curreno ier US$ S$ 'EN 92.50 61.40 3.622 2.403 IK$ 7.751 5.141 !AHT 35.45 23.52 lUPIAH 10,920 7,244 lENMINBI 6.876 4.561 INDIAN RUPEE 49.14 32.59 1.528 1.014 IZ$ 1.856 1.232
      46 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      61 1 JjL^ EXEC MONEY TRANSPORT GLOBAL RECESSION ART OF WAR I —I —I W^p'^ Time to buy, says man Chevrolet to bring in Asia will be hit hard: Zap for Sun Tzu's strategies! |p§on H 1 who called market bust affordable diesel SUV World Bank Win an Epson wireless E^ PAGE
      61 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Big crunch comes to Sony, 16,000 jobs to go
      848 2 Reuters Battle is on at electronics and media giant to save USsl.lbayear [TOKYO] Japan's Sony Corp said that it will cut 16,000 jobs, curb investment and pull out of businesses to save US$l.l billion a year as the financial crisis ravages
      ■ Reuters; BLOOMBERG  -  848 words
    • Article
      Lock icon Nomura to axe over 100 Asia-Pac jobs by year's end
      455 2  -  LYNETTE KHOO [SINGAPORE] Nomura Holdings Inc will axe more than 100 jobs in the AsiaPacific region by the end of this month to reduce staff costs, news reports said yesterday. The cuts will come mainly from its Asian operations outside
      455 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Recent stock rally may not have legs to last
        71 2 ON the back of hundreds of billions of dollars worth of stimulus packages, stock markets around the world have bounced off their lows of October and November some by as much as a third. But beware, said most market watchers. This
        71 words
      • Article
        Lock icon Airline red ink to spill into next year
        65 2 THESE are the worst of times for the aviation industry in half-a-century and they will continue through next year. The latest data from the International Air Transport Association indicates that no region would be spared, including the Asia-Pacific, where airlines could see
        65 words
      • Article
        Lock icon Big crunch comes to Sony, 16,000 jobs to be axed
        67 2 SONY Corp said it will cut 16,000 jobs, curb investment and pull out of businesses to save US$l.l billion a year as the financial crisis ravages demand for its electronics products. The job cuts are the biggest announced by an
        67 words
      • Article
        Lock icon Global slump next year will hit Asia hard: World Bank
        73 2 WORLD economic growth will slump to just 0.9 per cent next year the weakest in nearly four decades and, with global export volumes set to decline for the first time since 1982, trade-dependent East Asian economies will suffer badly, the
        73 words
      • Article
        Lock icon Balance sheets of S'pore firms remain strong
        40 2 CORPORATE balance sheets in Singapore remain relatively strong despite the credit freeze but some sectors such as real estate and commodities appear more vulnerable than others, according to reports. COMPANY NEWS, PAGE 5
        40 words
      • Article
        Lock icon Sword of open economy cuts the other way
        62 2 SINGAPORE is the most open economy in Asia, says Citigroup, but this could now see it suffer more from the effects of the global recession than its Asian neighbours. Citigroup said the economic restructuring of post-2001 may have ironically made Singapore more,
        62 words
      • Article
        Lock icon Russia, China firms likeliest to use bribes
        34 2 COMPANIES from Russia and China are most likely to use bribes when doing business abroad, according to a new report from Transparency International. ECONOMY WATCH, PAGE 11
        34 words
      • Article
        Lock icon Indian security firms' business booms following terror attack
        62 2 A SHAKEN and stirred India Inc is scrambling for a terror shield in the aftermath of the 26/11 carnage. What's worse, with more and more Indian cities finding themselves on terrorists' radars, corporate India is pressing the panic button, injecting huge funds
        62 words
    • Article
      Lock icon Supply managers see US slowdown grinding into 2009
      556 2 Reuters, Bloomberg [NEW YORK] US manufacturing will contract next year while the service sector will grow slightly,the nation's purchasing and supply management executives said in their December 2008 semi-annual economic forecast released yesterday. The "adverse conditions" experienced in the second half of
      Reuters, Bloomberg  -  556 words
    • Article
      Lock icon Global slump next year will hit Asia hard: World Bank
      702 4  -  ANTHONY ROWLEY Spore, Taiwan most vulnerable as global trade set for first fall since 1982 WORLD economic growth will slump to just 0.9 per cent next year the weakest in nearly four decades and, with global export volumes set to
      702 words
    • Article, Illustration
      Lock icon Japan economy shrinks more than expected
      594 4  -  ANTHONY ROWLEY JAPAN'S economy contracted at a much faster rate of 0.5 per cent than initially estimated in the third quarter, it was revealed yesterday, prompting Economics Minister Kaoru Yosano to call on the government to adopt the maximum possible economic stimulus measures. The
      AP  -  594 words
    • Article, Illustration
      Lock icon White House, congressional Democrats near car deal
      740 4 AP, Reuters, Bloomberg [WASHINGTON] The White House and congressional Democrats are not far apart on a deal that could rescue the struggling US car industry, a senior Democratic aide said yesterday. The aide said that Democratic leaders made a counter offer to the
      AP, Reuters, Bloomberg  -  740 words
    • Article
      Lock icon Recession to eat into traffic, airline revenues: lata
      474 4  -  YEN SREENIVASAN [SINGAPORE] The outlook for the global airline industry has changed dramatically since the International Air Transport Association (lata) put together its last forecast. Spot oil prices have more than halved to around US$5O a barrel but, following the near collapse
      474 words
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      208 2 OUTDOOR ADVENTURES STARTS WITH THE TERMS BIG WHEELS 4WD ""^^5S-^.^i^>^ The truly sensible suv that owners of larger suv Indulge in the thrill of a real SUV with 4WD performance. 1? f BS^N> areswitchin9*?i £ni enj? yf" outstan t ding With macho looking oversized tyres, wheel arch extensions _^^H 1
      208 words
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      57 3 .2 IKwU^Wlr/^ If i miW- SeII L Contemporary Horological Art n^'"^^ r^iyjl SINGAPORE MALAYSIA THAILAND fjZ^?if'<*^-*"f?i^','Z-'fl TAKASHIMAYA S.C. T: 65-6734 2420 KUALA LUMPUR BANGKOK -J iV-. V r-^1 It TANG PLAZA T: 65-6235 7198 PAVILION XL T: 60-3-2118 8930 GAYSORN T:66-2-656-1212 W^BuV S/■ LUCKY PLAZA T: *****3 1262 SIAM PARAGON
      57 words
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      363 4 W^g? BSAISa g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GENERAL INDUSTRIAL ENGINEERING PTE LTD Company Registration No. *****1442K (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of General Industrial Engineering Pie Ltd, duly convened and held at 711
      363 words
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      142 4 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF QNITY NETWORKS PTE LTD (In Creditors' Voluntary Liquidation) Reg. No. *****1101 D NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
      142 words
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      164 4 I*^ EPSON EXCEED YOUR VISION for daily Sun Tzu's Art of War quotes t Brought to you by EPSON Find out how Sun Tzu's strategic principles can be applied in modern day business and human relationship. Sun Tzu's Art of War reveals secrets for success. Win a wireless projector worth
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon S'pore Inc can weather storm
      449 5  -  EMILYN YAP Balance sheets remain strong despite credit freeze, say analysts CORPORATE balance sheets in Singapore remain relatively strong despite the credit freeze but some sectors such as real estate and commodities appear more vulnerable than others, according to reports. "Overall, Singapore Inc is well
      BLOOMBERG  -  449 words
    • Article
      Lock icon Water industry still 'liquid': Credit Suisse
      248 5 WHILE the credit squeeze has hit the water industry, the sector is still "liquid" and firms such as Hyflux and Epure International should stay afloat, said Credit Suisse in a report last week. According to its analyst Clarice Khoo, "the credit crunch has affected
      248 words
    • Article
      Lock icon Fall in steel demand leaves Novo in the red
      360 5  -  JONATHAN GAN Firm posts USs3.6m Q2 loss, against profit of USs2.Bm a yr ago STEEL trader Novo Group Ltd has reported a loss of US$3.6 million for its second fiscal quarter of 2009, which ended on Oct 31, 2008. This is
      360 words
    • Article
      Lock icon Mixed picture for technology firms
      288 5 TECHNOLOGY firms are displaying varying levels of financial health while Venture Corp stands out for its cash position, for instance, Chartered Semiconductor is receiving less than favourable reviews for its high gearing. "Within our coverage, we find that Venture Corp and Hi-P International are financially
      288 words
    • Article
      Lock icon The better option to stock options
      671 6  -  CHEW XIANG FOR richer and for poorer; in sickness and in health. When share options gained currency in the *****, they were meant to cement a marriage-like bond between executives and their companies. Because options the right to buy a share at a determined
      671 words
    • Article, Illustration
      Lock icon KS Energy, Siemens strike liftboat deal
      372 6  -  RONNIE LIM KS Titan-2 to replace sister-ship lost at sea last October KS Energy (KSE) has got the wind in its sails again. The oil and gas service provider has struck a deal with Siemens Wind Power to replace a new, jack-up liftboat, which
      372 words
    • Article
      Lock icon SGX upgrades derivatives trading platform
      288 6  -  ANGELA TAN SINGAPORE Exchange Limited (SGX) said that it launched a major upgrade to its trading engine for the derivatives market, Quest-DT, on Monday. The upgraded engine will add capacity and capabilities to support new order types and enhanced options trading strategies as well as
      288 words
    • COMPANY BRIEFS
      • Article
        Lock icon Sembcorp unit gets FPSO conversion deal
        109 6 JURONG Shipyard, a subsidiary of Sembcorp Marine, has secured a $200 million contract to convert the very large crude carrier (VLCC) tanker, the MVPSVM, to a floating production storage and offloading (FPSO) vessel for MODEC to be delivered in Ql 2011. The FPSO will
        109 words
      • Article
        Lock icon Apex-Pal to expand halal Hei Sushi brand
        67 6 APEX-PAL International, the company behind the Sakae Sushi restaurants, plans to offer halal Japanese food to boost growth. The company said that it will expand using its halal brand, Hei Sushi a Japanese halal restaurant launched in March this year. Apex-Pal said that
        67 words
      • Article
        Lock icon NOL container load slows in Nov y-o-y
        86 6 Reuters SINGAPORE'S Neptune Orient Lines (NOL), the world's seventh-biggest container shipper, said yesterday that it carried 12 per cent fewer containers in the four weeks to Nov 14 from a year ago, a reflection of slowing global demand. NOL said in a statement
        ■ Reuters  -  86 words
      • Article
        Lock icon China nod for UOB Asset Management
        58 6 Reuters [SHANGHAI] China has given approval for UOB Asset Management Ltd, a unit of United Overseas Bank, to invest in its main securities markets under its Qualified Foreign Institutional Investor (QFII) Scheme. UOB Asset Management must also obtain investment quotas from China's foreign exchange
        – Reuters  -  58 words
    • Article, Illustration
      Lock icon UOB, China Unionpay launch credit card
      592 9  -  ANGANSHING Bank ties up with Cathay Pacific to provide travel perks for cardmembers UNITED Overseas Bank (UOB) and China Unionpay (CUP) have launched what's touted as the first Singapore bank-issued credit card with the widest acceptance in China the UOB CUP platinum card. The
      ARTHUR LEE  -  592 words
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      233 6 38™ ANNIVERSARY OFFERS! Yea* m V'—V BOOK NOW TO ENJOY THESE IRRESISTIBLE DEALS! 3 Nights 4 Nights Isles of 1 $380* offl Best of Malaysia Cruise Southeast Asia Cruise p!i^!^j 2008 Sailings: Dec 19 2008 Sailings: "mam free"" r 2009 Sailings: Jan 9& 16 fr 9 Dec 15, 27 KIDS
      233 words
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      Lock icon Page 7 Advertisements Column 1
      307 7 > --l** Ss. If your IT system goes down, will the rest of your business follow? rt T\ Our reliable architecture keeps you on firm ground. numerous applications reside. Drawing on our expertise in 1^ The moment you think you're prepared for anything, multiple platforms and storage management, we are
      307 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Is it possible that the US$ has peaked?
      948 8  -  LARRY WEE CURRENCIES A turnaround will come, but it may be early days yet, the evidence suggests OVER the past week, Wall Street has made stunning double-digit gains in percentage terms, a good share of which were scored despite horrible US numbers
      948 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      87 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 13 1 3 0 0 0 13 1 3 lanufacturing 88 31 48 97 36 57 Commerce 28 11 17 30 11 21 'pt/Stor/Comms 28 28 :inance 25 25 Construction 12 10 'roperties 25 25 lotels/Rsts
      87 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      103 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 36,658 36,658 83,136 83,136 lanufacturing 454,080 42,409 496,489 237,498 1,058 238,556 Commerce 109,444 15,612 125,056 111,587 2,821 114,408 ■pt/Stor/Comms 127,016 510 127,526 202,343 112 202,455 :inance 62,227 62,227 386,633 386,633 Construction 19,352 4,977 24,329 1,551 72 1,623 ■roperties 115,781
      103 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 8 lapitaLand 2.700 +0.260 Noble Grp 1.000 +0.090 lapitaMall 1.400 -0.030 OCBC Bk 5.200 +0.310 jtyDev 5.910 +0.660 Olam 1.170 +0.130 losco Corp 0.950 +0.080 S I A 11.660 1.060 IBS Grp 9.570 +0.420 SGX 5.080 +0.460 :&N 2.900 +0.200 SIA Engg 2.090 +0.130 Sent Intl 0.400
      108 words
    • Article
      Lock icon BROKERS' TAKE
      758 8  -  CONRAD TAN Singapore Reits CIMB-GK RESEARCH, Dec 5 WE held meetings with 58 investors during an eight-day roadshow to the UK, Europe, Singapore and Kuala Lumpur in November. Themes discussed included real estate investment trusts' refinancing issues, the implications of breaching the 60 per cent gearing limit as
      758 words
    • Article, Illustration
      Lock icon Index heavyweights lead STI charge
      541 8  -  CONRAD TAN STOCKS STOCKS here started the holi-day-shortened week with a surge yesterday even as other major Asian equity indices lost steam after a broad rally on Monday. The Straits Times Index (STI) finished 95.41 points or 5.8 per cent higher at 1,754.58, after rising
      541 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      53 8 CLOSE IT OB/OS 342.00 +342.C IT CADI -*****.00+198. IT 10-day MA -*****.00 +34.0I TSE ST Mid Cap 339.48+11.7! TSE ST Small Cap 288.31 +9.9 TSE ST All Share 417.08+20.8! TSE ST China Top 183.26 +8.3 TSE ST China 185.05 +8.5 IOB Catalist 75.66 +2.3 IMSCI 214.31 +12.9!
      53 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME China Honqxinq 97,106,000 Golden Agri 94,867,000 Straits Asia 46,083,000 Noble Grp 40,585,000 IndoAqri 36,732,000 Cosco Corp 35,190,000 Capita Land 33,841,000 Olam 33,664,000 SembMar 28,707,000 Sing Tel 28,574,000 VALUE(S) DBS Grp 144,019,480 Capita Land 88,085,704 UOB 86,572,676 SGX 77,276,090 Sing Tel 75,449,210 OCBC Bk 60,075,130 Keppel Corp
      60 words
    • Article
      Lock icon RISES
      102 8 CLOSE UP ICBC Bk 5.1%NCPS 100 8780 280.0 3.3 IOB 1330 116.0 9.' China H 10US$ 1040 113.0 7.: I A 1166 106.0 10.' ICBC Bk4.5%NCPS 100 8100 90.0 1.1 lardine C&C 999 69.0 7.. At 591 66.0 12.' ilA 200 1150 64.0 5: ;gx 508 46.0 10.' iBS
      102 words
    • Article
      Lock icon FALLS
      121 8 BY CENTS CLOSE DOWN 5.1%NCPS 100 8450 -30.0 -0.4 ICBCCai LD 10US 7572 -27.1 -0.2 iPH 344 -16.0 -4.4 'BL Con 304 -14.0 -4.. m 1950 DBePW*****2 53 -13.0 -19.7 IOB BNP ePW*****8 51.5 -11.0 -17.6 IOB DB ePW*****8 58 -11.0 -15.9 ;TI2050BNPePW*****9 43.5 -10.5 -19.4 m 2500BNPePW*****6 99.5
      121 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      83 8 Dec 9 CLOSE CHNG FR Dec 5 YR2008 S$ LOW S$ HIGH ISS 1.5047 0.82 1.5346 1.3457 iuro 1.9393 0.00 2.2064 1.8640 'ounds 2.2233 0.54 2.8431 2.2111 0.9844 -0.59 1.3251 0.9068 ren* 1.6283 1.24 1.6645 1.2619 lupiah* 0.***** -5.50 0.***** 0.***** !aht* 4.2470 0.20 4.4299 4.0190
      83 words
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      250 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Sword of open economy cuts the other way
      519 10  -  ARTHUR SIM Singapore's climb up value chain makes it more dependent on advanced economies SINGAPORE is the most open economy in Asia, says Citigroup, but this could now see it suffer more from the effects of the global recession than its Asian
      FILE PHOTO  -  519 words
    • Article
      Lock icon CPF rate for SMRA stays at 4% till end-'09
      298 10  -  UMA SHANKARI CENTRAL Provident Fund (CPF) members will continue to receive an interest rate of 4 per cent on their savings in the Special, Medisave and Retirement Accounts (SMRA) until the end of 2009, the CPF Board said yesterday. Savings in
      298 words
    • Article
      Lock icon Online advertising in region poised to soar: study
      373 10  -  ONG BOON KIAT But Yahoo-Nielsen finds Spore will lag behind region THE economic crunch will not be crimping online advertising in South-east Asia. In fact, this region's online advertising industry is expected to grow by more than 60 per cent between this
      373 words
    • Article
      Lock icon 1,370 foreign workers relocated
      242 10 EMPLOYERS here have relocated 1,370 foreign workers following an inspection by the Ministry of Manpower (MOM) of 661 premises that were used to house foreign workers. The move comes as issues were raised about the living conditions of the foreign workers here. The responsibility of providing
      242 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon SFIC extends $1m in aid to members
        61 10 THE Singapore Furniture Industries Council (SFIC) will extend the Members Assistance Scheme for the third time, to help members through the current economic uncertainties. The scheme will see up to $1 million handed out to eligible members to help lower business costs, strengthen
        61 words
      • Article
        Lock icon $17m raised for SMU's economics institute
        72 10 THE Sim Kee Boon Institute (SKBI) for Financial Economics at SMU has met the targeted $17 million endowment since it was launched six months ago in July 2008. Contributions to the SKBI at SMU Endowment Fund receive a 1-1 matching grant from the government.
        72 words
      • Article
        Lock icon CerealTech partners AIB in bakery training
        36 10 CEREALTECH has formed an educational partnership with the American Institute of Baking (AIB) to offer an accredited joint Diploma in Baking Arts and Science for professional bakery training in Singapore.
        36 words
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      191 10 MHULB JAAN savour the fine nuances of french delicacies at $68++ A for a 3-course lunch, with dinner prices starting from $190++. '^■^F' EQUINOX RESTAURANT escalate the merriment of the Yuletide j3&C S|D' r'* w'^n usc' ous gourmet dining starting from $59.50++. i w w NEW ASIA experience the glitter
      191 words
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  • ECONOMY WATCH
    • Article
      Lock icon US economy needs further stimulus: OECD
      464 11 Reuters [PAßlS] The US economy will probably get worse before it gets better and will need further injections of public money to help it pull out of trouble, the Organisation for Economic Cooperation and Development (OECD) said yesterday. Beyond the short term, Washington not
      Reuters  -  464 words
    • Article
      Lock icon US body calls for greater consensus before Doha meet
      362 11 -Reuters [WASHINGTON] A new text aimed at reaching a breakthrough in world trade talks does not set the stage for agreement, and trade ministers should not meet to work out a deal until there is more consensus, a top US industry
      -Reuters  -  362 words
    • Article
      Lock icon S Korean economy to recover from '09: IMF
      252 11 AP, Bloomberg [SEOUL] The South Korean economy, buffeted by the global melt-down, looks set to slowly recover next year, an International Monetary Fund official said yesterday. "General measures of economic activity are decelerating rapidly," said Subir Lall, division chief in the Washing-ton-based
      AP, Bloomberg  -  252 words
    • Article
      Lock icon Russia, China firms likeliest to use bribes
      527 11 Reuters Belgian, Canadian companies least given to engaging in graft abroad: survey [BERLIN] Companies from emerging economic powers Russia and China are most likely to use bribes when doing business abroad, according to a new report from Transparency International (TI). The Berlin-based corruption
      Reuters  -  527 words
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      438 11 A r B1 SIM mM Mr I All professional iB DEVELOPMENT i—i^^—ii i Hi ni H (ET jgf -£ft —H MBIJSIHfW T\ ''mmm' Ht"^M::-.. IJ J w- 1 LEADER H|||^>^^^" YOUR OFFICE HAS THE REST VIEW. OUT DO YOU HAVE THE BEST VIEW OF TOHORROW? The future looks hazier than
      438 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KL state firms look to global tie-ups to ride downturn
      563 12  -  PAULINE NG Proton, Mitsubishi ink non-equity deal; MAS in talks with Qantas on alliance WITH nationalism standing in the way of corporate mergers, Malaysia's stateowned firms are looking to strategic alliances as the next best option to riding out the
      563 words
    • Article
      Lock icon RHB Islamic Bank drops 'un-lslamic' contract
      192 12 Reuters [KUALA LUMPUR] Malaysian Syariah lender RHB Islamic Bank Bhd will no longer use a contract rejected as un-Is-lamic by Middle Eastern scholars, in a bid to adopt globally accepted Syariah standards, a newspaper said yesterday. RHB Islamic, the Syariah banking arm of Malaysia's
      Reuters  -  192 words
    • Article, Illustration
      Lock icon Indonesia exporters get reprieve with new rule
      431 12 Reuters, Bloomberg [JAKARTA] Indonesia's central bank said it has introduced a new rule enabling exporters to receive payment faster, in an attempt to reduce the impact of a global credit crunch on South-east Asia's biggest economy. Indonesia depends on exports of commodities including
      Reuters, Bloomberg; REUTERS  -  431 words
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      509 12 "^^^M Hot chicks in 12 tailored dressings! I, This Yuletide, we've tailored our popular flavoured turkeys to I Parkroyai on Parkroyai on U__ ill 4j|j rX^J^fXSS223MKK^\ tantalize every taste bud with 12 unique dressings ranging from Beach Road Kitchener Road 1: 1 IfClT^ffWWmfiffl I traditional Cranberry and Giblet, Thai favourites
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  • GREATER CHINA/INDIA
    • Article
      Lock icon HK faces marked slowdown ahead, says IMF
      579 13 AFP, Bloomberg It backs stepped-up infrastructure works, permanent cut in direct tax rates [HONG KONG] Hong Kong's economy is "highly exposed" to the crisis in global financial markets and is headed for a marked slowdown, the International Monetary Fund said in a report
      AFP, Bloomberg  -  579 words
    • Article
      Lock icon HK to cull chickens on bird flu outbreak
      352 13 ■AFP [HONG KONG] More than 80,000 chickens wiU be slaughtered in Hong Kong after bird flu was found at a poultry farm, the first farm outbreak here in nearly six years. "We have discovered up to 60 dead chickens in that farm.
      ■AFP  -  352 words
    • Article, Illustration
      Lock icon Security firms in demand following terror attack
      609 13  -  NEETA LAL A SHAKEN and stirred India Inc is scrambling for a terror shield in the aftermath of the 26/11 carnage. What's worse, with more and more Indian cities finding themselves on terrorists' radars, corporate India is pressing the panic button, injecting huge
      REUTERS  -  609 words
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      92 13 Personalized vision has never looked so good. The Digitally Customized Progressive Lens The Digitally Customized Progressive lens from Polycore allows you to regain your natural vision of near, far and anywhere in between. You are in complete visual comfort because our lenses are customized specially for you. Talk to your
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      142 14 Our Readers Aren't Just Numbers, But Key Figures The Business Times is Singapore's leading financial daily targeted at a powerful and influential audience of key decision-makers and movers and shakers with high purchasing power and an affluent standard of living. Of course, it doesn't hurt that our daily readership has
      142 words
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  • WORLD
    • Article
      Lock icon Top execs at Morgan, Merrill give up bonuses
      567 15 Bloomberg Morgan employees' pay will also be tied more closely to long-term work [NEW YORK] Top executives at Morgan Stanley and Merrill Lynch will forgo their bonuses this year. Morgan Stanley chief executive officer John Mack and co-presidents Walid Chammah and James
      Bloomberg  -  567 words
    • Article
      Lock icon Construction companies dig Obama's plan to rebuild America
      574 15 Reuters [NEW YORK] Barack Obama delivered an early Christmas gift to investors in the construction, materials and engineering sectors with his pledge to roll out the biggest infrastructure spending binge in half a century to dig the US economy out of recession.
      ■ Reuters  -  574 words
    • Article, Illustration
      Lock icon Funnyman Jay Leno lands prime time TV spots
      461 15 -NYT [NEW YORK] NBC will keep Jay Leno five nights a week, but in prime time, competing not with David Letterman at CBS, but with shows such as CSI: Miami. The network announced yesterday that Leno's new show will appear at 10
      -NYT  -  461 words
    • Article, Illustration
      Lock icon Dow Chemical axes 5,000 jobs
      501 17 AFP, Reuters Its global contractor workforce to be cut by 6,000; Wyndham, 3M lay off 6,300 [WASHINGTON] More job cuts on Monday cast a pall on the global economic outlook. A number of US major manufacturing and service companies said they would slash costs to
      AFP, Reuters; AFP  -  501 words
    • Article
      Lock icon Media giant Tribune in bankruptcy protection
      367 17 AP, Reuters [NEW YORK] Tribune Co, owner of the Los Angeles Times, Chicago Tribune, Baltimore Sun and other dailies, filed for bankruptcy protection on Monday, the first major newspaper publisher to take such a step since the Internet plunged the industry into a desperate
      – AP, Reuters  -  367 words
    • Article, Illustration
      Lock icon Accounting rules must be neutral: SEC chairman
      380 17 ■AP But changes to the mark-to-market rule can be made [WASHINGTON] The US government's top securities regulator said on Monday that accounting rules shouldn't be bent to help soothe the battered US economy. Accounting rules must be neutral and "aren't just another financial
      ■AP  -  380 words
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      239 15 Xmb^bLEb^^^Eb^^^L IJil'tJ bjlj K£j Showtime I v-l mbT fiidociliit -ij^b^^J /I ill PICSCItS il I I nnn H^. bbk. TTIW^ pecos&pipes A JAZZY (fm Wwk.,^^^^ I PayaLebar Methodist Girls' Secondary School -ipnwwhhhirtw _jn* -J|lß Convent of the Holy Infant Jesus CToaPayoh) Secondary School 20ICC08 Sat 7.30DH1 1 iV^V B£jfl D-^
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  • ASIA MEDIA FESTIVAL
    • Article, Illustration
      Lock icon When the media is the medium
      1579 16 MDA is spearheading the development of a vibrant media industry here, reports AMIT ROY CHOUDHURY THIS year's ongoing Asian Media Festival (AMF) has proved once again that Singapore is one of the world's premier destinations for the media industry. The Media Development Authority (MDA)
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    • Article
      Lock icon AMF – a showcase for the Asian media industry
      355 16 AMF a showcase for the Asian media industry AS an upcoming global media city, Singapore is a natural choice for Asia's leading media market, the Asian Media Festival (AMF) which started on Dec 4 and will end on Friday. AMF showcases a wide tableau of the region's most exciting media
      355 words
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      235 16 Asia Media Festival (AMF) Dec 10 Suntec Convention Centre, j, Jk m j, I Country Showcase Seminar Rm 325,1.30pm p %A^ B m Digital Future Symposium Dec 10 ATF Conference Theatre, Suntec Mwft&(\%/M Convention Centre, Halls 403/404, If 'f^U| _J]? m _to._ 5:. 3 _0P m SPONSORS: FESTIVAL 2008 WWW.asiamediafestival.com
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      176 17 1 i t^n i B T3 fi^^^S f^^ I Y^^ t^^ I I B^^^^S I i I|; I i$ "JW W n SB The Camry now features the advanced I ntelli-Drive System. Intelli-Drive System I^^^^^^^^^^^^^ Luxury has moved up Integrated GPS System v^^^^^^^^^t^^^ another level with the Intelli-Drive Integrated Bluetooth
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  • TransportHUB
    • Article, Illustration
      Lock icon Logistic providers ride road network to success
      763 18  -  VINCENT WEE Many swung multi-modal contingency plans into action [SINGAPORE] Among logistics providers, road networks came to the fore when Bangkok's Suvarnabhumi Airport was closed for over a week. Those that already had capacity and were able to quickly ramp up to meet
      763 words
    • Article
      Lock icon It's not all death and doom in shipping industry
      1296 18  -  CHRIS JONES HAVING just perhaps a wee bit more grey hair than most in shipbroking, I have experienced five post-war recessions in my working career and therefore feel that my spin on the current market might just hold some credibility, which
      1,296 words
    • Article
      Lock icon Precious Shipping replacing old vessels as ship prices plunge
      423 18 Bloomberg [SINGAPORE] Precious Shipping pel, Thailand's second-largest sea-cargo company, plans to replace its 25 oldest vessels after ship prices fell by more than half amid slumping demand for iron-ore and coal shipments. "This is the opportunity of a lifetime," chief executive
      ■ Bloomberg  -  423 words
    • Article
      Lock icon Newcastle coal port to test new ship tracking system
      291 18 Bloomberg Satellite-based system aimed at avoiding accidents [SYDNEY] Australia's Newcastle port, the world's biggest coal-export harbour, will test a new satellitetracking system that coordinates the arrival of ships to help cut waiting times, reduce costs and improve safety. The trial, to
      Bloomberg  -  291 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 18 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.25 0.20 0.95 0.35 0.70 0.53 0.05
        106 words
      • Article
        Lock icon KLSE
        36 18 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.53 8.60 8.10 2.15 2.30 0.06 unch 0.01 0.10 -0.40 0.02 -0.02 0.01 unch 3 430 1264 157 20 40 0
        36 words
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        Lock icon BANGKOK
        12 18 ■oo ■recious Ship Jegional Cont 10.90 5.90 0.70 unch 898( 2231
        12 words
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        Lock icon HONGKONG
        11 18 '000 Doil iingamas Cont 14.88 0.65 -0.20 unch 302' 1851
        11 words
      • Article
        Lock icon PHILIPPINES
        22 18 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.50 15.25 unch unch 0.10 0.25 unch unch 5837 448 0 0
        22 words
      • Article
        Lock icon TAIPEI
        23 18 Evergreen Marine ...15.80 :irst Steamship 31.30 /Van Hai Lines 15.70 r"ang Ming Marine ..10.65 -0.35 1.35 1.00 0.25 18 13 8 36
        23 words
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        Lock icon TOKYO
        40 18 '000 (awasaki Hvy Ind...185.00 unch ***** (awasaki Kisen 367.00 14.00 5281 Mitsubishi Hvy 392.00 4.00 ***** Mitsui Eng&Sbldg ..128.00 2.00 5154 Mitsui Osk Lines ....498.00 29.00 ***** Mippon Express 401.00 -3.00 3468 MipponYusen 496.00 28.00 ***** iource: Thomson Reuters
        40 words
    • TRANSPORT HUB: SHIPPING
      • Article
        Lock icon Class certificates row blows up at IMO
        1143 19  -  DAVID HUGHES STRAIT TALK Big debate over whether mutual recognition would be good for safety and competition AST week I filed a news story L saying that, in an unusual move, the International Maritime Organization's (IMO) Maritime Safety Committee (MSC) had instructed the
        1,143 words
      • Article
        Lock icon Royal Caribbean returns for second season
        386 19  -  VINCENT WEE But global cruise brand has trouble filling smaller ship [SINGAPORE] Royal Caribbean International (RCI) has returned for a second season with a smaller ship, but even this is having trouble being filled. The global cruise brand began its Asian season yesterday with
        386 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Virgin Blue can weather 5% staff cut
        452 20 Bloomberg [PERTH] Virgin Blue Holdings, Australia's second-big-gest airline, said that it has the capacity to cut at least 5 per cent of staff to combat a global credit crisis that's led to the failure of about 30 carriers this year. "We're carrying about
        ■ Bloomberg  -  452 words
      • Article
        Lock icon AirAsia's stock takes a dive
        193 20 Bloomberg [KUALA LUMPUR] Air Asia Bhd, South-east Asia's biggest discount airline, fell to its lowest in four months in Kuala Lumpur trading yesterday after a group led by CEO Tony Fernandes scrapped a buyout plan. The carrier dropped as much as 3.8 per cent to
        – Bloomberg  -  193 words
      • Article
        Lock icon Panel rules on seniority for Delta, Northwest pilots
        336 20 -AP [ATLANTA] An arbitration panel has ruled that the seniority lists of Delta Air Lines and Northwest Airlines pilots should be integrated based on pilots' status and aircraft category. The three-member panel's decision on Monday, which affects roughly 12,000 pilots, is binding
        -AP  -  336 words
      • Article, Illustration
        Lock icon Air France long-haul traffic robust despite strike, slump
        492 20 Bloomberg But 4-day pilot walkout will wipe 50m euros from earnings [PARIS] Air France-KLM Group, Europe's biggest airline, said that passenger traffic on long-haul routes increased last month even as the global economy slowed and a strike by pilots grounded planes for
        Bloomberg; AFP  -  492 words
      • Article
        Lock icon US court halts auction of airport slots
        238 20 Reuters [NEW YORK] A US Court of Appeals has agreed to stay the auction of landing or takeoff slots that airlines are now awarded, the Port Authority of New York and New Jersey said on Monday. "The Port Authority applauds today's decision halting
        – Reuters  -  238 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2622 20 AIRLINE CODES: AA American Airlines (AAI). AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bar lines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
        2,622 words
    • TRANSPORT HUB: LAND/AVIATION
      • Article, Illustration
        Lock icon Chevrolet to roll in affordable diesel SUV
        696 21  -  SAMUEL EE Captiva 2.0 diesel to cost just slightly more than the petrol version CHEVROLET is convinced about the future of diesel as an emerging alternative fuel and as such, will introduce its first diesel-engined model in Singapore, the 2.0-litre Captiva Diesel sport-utility
        696 words
      • Article, Illustration
        Lock icon FedEx slashes fiscal 2009 profit outlook
        403 21 -AP [MEMPHIS, Tennessee] FedEx Corp cut its forecast for fiscal 2009 earnings and capital spending on Monday as the slumping economy cut into package deliveries. FedEx said it expects to earn US$3.5O to U554.75 per share for the fiscal year ending in May, down
        -AP; AFP  -  403 words
      • Article
        Lock icon Laos on lookout for site to build new int'l airport
        310 21 Bernama [VIENTIANE] The Laos government is scouting for a suitable site to build a new airport, to replace the current Wattay International Airport, as the new one would give a good image of Laos to air travellers, vice-head of the
        Bernama  -  310 words
      • Article, Illustration
        Lock icon Hainan Air parent may seek aid from govt
        158 21 Reuters [SHANGHAI] China's Hainan Airlines Co said yesterday its parent was considering seeking financial help from the government, playing down a local media report about an imminent cash injection. Beijing News reported that the Hainan provincial government was considering injecting cash to
        Reuters; BLOOMBERG  -  158 words
      • Article, Illustration
        Lock icon Volvo roughing it out with the XC6O
        532 21  -  SAMUEL EE Latest crossover model seen buoying sales in 2009 VOLVO believes its latest crossover model, the XC6O, will help it to get through a rough year next year. The XC6O is a sport utility vehicle with car-like styling and handling, and its
        532 words
      • Article
        Lock icon Ex-Boeing scientist gets probation for taking secret files
        157 21 Bloomberg [LOS ANGELES] A former Boeing Co scientist who pleaded guilty to taking secret documents home from work without authorisation was sentenced to three years of probation. Abraham Lesnik was also ordered on Monday to pay a U5525,000 fine, Assistant US Attorney
        Bloomberg  -  157 words
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      80 19 [PBl SCHENKER P*- ~s^ H H "jfc ■*w= J I I fiSC^^^'r^^^rs: [DB] SCHENkTD We pave the way for your company's success. Rapidly changing markets call for increasingly flexible solutions. Growth, competitiveness, and success are only possible if a company has a strong transportation and logistics partner at its side.
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      335 20 CRYPTIC CROSSWORD ACROSS I Kitty's milk delivery vehicle? j 4 Previously unknown environ- __MB__HH__H^HH__M I ment in America (3,5) I I 9 Pack, pack sank awkwardly I II One who makes a bit (7) BB PHI BBJ HIHH 13 He-man melts most of run- I I 14 ny cneese(y) i
      335 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Jobs – and confidence – on the line
      484 22 Jobs and confidence on the line THE firing season is in full swing, with companies from SMEs in Singapore to multinationals such as Sony Corp serving notice of job cuts in the months ahead to cope with the rapid changes in the economic environment. Perhaps what's eye-opening about Sony's announcement
      484 words
    • Article, Illustration
      Lock icon A fuel tax is China's next reform
      813 22  -  TONY WANG j GRACE TIAN Beijing is also considering relaxing its control over the refined oil price THE global crude oil price began its climb from US$5O per barrel in January 2007 to the historical high of US$l47 in July 2008. Now, just
      REUTERS; Energy Information Administration of US, China Finance Online  -  813 words
    • Article, Illustration
      Lock icon So is Obama going left, right or centre?
      772 22  -  LEON HADAR THE BOTTOM LINE LEFT-wing activists in the Democratic Party have been critical of the US President-elect's choices for the national security and economic teams whose members would be in charge of managing the policies of the next administration, including the
      772 words
    • Article, Illustration
      Lock icon A monetary fund by another name
      1704 23  -  ANTHONY ROWLEY With China's support now, the Chiang Mai Initiative is likely to emerge as a regional monetary fund in all but name IN 1997, Japan's then vice-fi-nance minister for international affairs, Eisuke Sakakibara, stunned the World Bank annual meetings in Hong Kong by
      REUTERS  -  1,704 words
    • Article, Illustration
      Lock icon A degree is no longer a job ticket
      732 23 Reuters YOUNG professionals and recent graduates have struggled to find work in a sliding economy, but one area Silicon Valley has been relatively immune. Until now. Silicon Valley companies that initially resisted the swooning of the economy are looking to cut costs
      ■ Reuters; REUTERS  -  732 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8832 24 Transaction date: Dec 9 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E j3 12 3 3148 8Telecom 17 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABRHIdgs 19 6 1938 AEICorp 14.5 1 1100 AEM 30 7 2101 APOil
      8,832 words
    • Article
      Lock icon SGX CATALIST
      586 25 52-wks Tel |h Low Code Last Sale Vol COOP) Hi; Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap Hil Col 20 9 1181 s AAGrp 32 16 8538 s APStrategic 5.5 1 1501 s Advanced System 38 12.5 3518 s Afor 26.1
      586 words
    • Article
      Lock icon SGX XTRANET
      688 25 52-Wk Tel h Low Code Last Sale Vol COOO) Day 111 Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil _Hm Comi _Hm ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 IS S&P500 ***** ***** 6170 SPDRS
      688 words
    • Article
      Lock icon CLOB INTERNATIONAL
      760 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      760 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8536 25 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.328/ AIGIF Spore Bond Fund/A 1.198/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.57/ APS Alpha Fund (USD)!** 0.37/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5762/ APS Komaba Global
      8,536 words
  • Page 24 Advertisements
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      29 24 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB S&| W, 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. I^^^^^H S Internet: Http://www.audemarspiguet.com
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      370 26 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 8 World Index Preliminan 668.5 4.3 -40.9 3.8 -41.3 5.0 -43.! EAFE Preliminai 635.0 5.7 -43.3 5.8 -45.9 7.1 -48.: Euro[ Preliminan 905.0 6.7
      370 words
    • Article
      Lock icon PALM OIL
      60 26 Dec 9 lelivery lonth Opening Sett Av Range Price Price Hi Vol Open Done Position Low 3ecO8 1520 Ian 09 1456 :eb09 1511 Vlar 09 1460 FotaI o/p: ***** contracts 1540 1559 1500 272 1657 1559 1565 1456 778 ***** 1555 1567 1487 6782 ***** 1560 1569 1460
      60 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 26 Dec 9 STI SIMSCI Dec 215.0 216.8 215.4 Taiwan Dec 168.5 171.5 169.3 Source: MF Global (S) He. Ltd
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    • Article
      Lock icon US$/S$ FORWARD RATES
      23 26 Dec 9 Bid Offer 1-month 1.5062 1.5076 2 months 1.5047 1.5064 3 months 1.5029 1.5046 6-months 1.4987 1.5009 Source: OCBC
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    • Article
      Lock icon SIBOR
      66 26 SWAP Offer rates (Ss) 1 mth 1.***** 2 mths 1.***** 3mths 1.***** Dec 9 6mths 1.***** 9mths 1.***** 12mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 2.***** Source: Thomson Reuters mth 1.***** 0.*****
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      297 26 Dec 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO8 MarO9 JunO9 SepO9 97.9050 98.1650 98.2200 98.1900 6483 ***** 4161 3091 EUROYEN TIBOR FUTURES DecO8 99.110 99.115 MarO9 99.210 99.225 JunO9 99.260 99.270 SepO9 99.310 99.310 DecO9 Mar10 Jun10 Sep10 99.105 99.210 99.260 99.310 99.115 99.250
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    • Article
      Lock icon SICOM FUTURES
      198 26 Dec 9 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Jan 09 109.5 Feb 09 110.0 MarO9 112.5 Apr 09 115.0 May 09 114.0 JunO9 115.0 109.5 109.0 112.0 113.0 114.0 114.0 108.0 109.0 112.0 113.5 114.5 115.0 60
      198 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 26 Dec 9 Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****Z 12.03.09 1-Year BY*****V 02.11.09 0.67 0.79 0.72 0.58 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 26 As at 9am Dec 9 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9870 1.0200 Can dollar 1.1950 1.2100 Euro 1.9350 1.9590 NZ dollar 0.8140 0.8330 Sterlini 2.2280 2.2561 US dollar 1.4980 1.5160 Local dollars to 100 units of foreign currency:
      131 words
    • Article
      Lock icon INTERBANK RATES
      174 26 Dec 9 %S_ Offer Bid Overnight 1/4 1-month 3/4 2-months 7/8 3-months 15/16 Overnight mode: 9/16 US$ Offer 1/8 1/2 5/8 11/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.80 2.30 2.50 2.70 3.00 3.20 3.30 Offer 0.30 1.80
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    • Article
      Lock icon INTERBANK CROSS RATES
      463 26 Dec 9 AS _CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso IS Rand Sfr NTS Baht Pound us: Australia 0.820 4.500 0.509 5.072 32.151 71.455 0.605 9.472 2.370 1.215 51.170 31.723 0.986 6.681 0.793 21.945 23.197 0.442 0.654 Canada 1.219 5.486 0.620 6.183
      463 words
    • Article
      Lock icon PRECIOUS METALS
      157 26 Dec 9 GOLD (USS/oz) Dec 08 Dec 09 Hong Kong London 772.50 768.10 773.50 769.10 Dec OS Dec 08 747.10 772.50 749.10 774.50 GOLD BULLION COINS 6$) Selling Buying 1 oz 1310.75 1177 UBS GOLD LUNAR KINEBAR (SS) Selling Buying Bu' CAST BAR (S$) Source: Thomson Reuters R
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 26 Dec 9 Currencies Bid Offer Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9858 0.9871 0.6542 0.6545 Canadian dollar 1.2020 1.2034 0.7976 0.7980 Euro 1.9382 1.9402 1.2862 1.2865 NZ dollar 0.8113 0.8127 0.5384 0.5389 Sterling 2.2328 2.2352 1.4817 1.4821 US dollar 1.5069 1.5081 S$IUS$
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    • Article
      Lock icon LONDON METALS
      68 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1472.50 1445.20 3 months 1520.50 1491.00 Copper, Grade A (US$/tonne) Cash 3 months 3290.00 3315.00 3024.00 3050.00 Lead (US$/tonne) Cash 999.50 3 months 1010.00 956.00 970.00 Nickel (US$/tonne) Cash 3 months 9202.00 9325.00 8934.00 9050.00 Tin (US$/tonne) Cash 3 months *****.00
      68 words
    • Article
      Lock icon LIFFE
      64 26 Dec 8 COCOA (£/tonne) Close Prev Hii ih/Low Dec 08 1732 1635 1738/1598 Mar 09 1558 1490 1564/1490 May 09 1559 1494 1566/1494 JulO9 1570 1503 1572/1510 COFFEE (US$/tonne) Close Pev High/Low Jan 09 1864 1788 1869/1800 SUGAR (US tonne) White Close Prev High/Low Mar 09 307.2 294.8 309.0/297.1
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    • Article
      Lock icon CHICAGO BOT
      102 26 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 820.50 783.50 827.00 811.00 MarO9 825.50 787.25 831.00 812.00 May 09 835.00 794.75 839.00 827.00 Jul 09 845.50 805.00 847.00 835.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 29.48 28.25 29.72 29.33 Jan 09
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Dec 8 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 44.56 WTI (Near Mth) 43.90 Dubai (1-Mth F) 39.87 Tapis blend 43.70 Minas 40.50 2.70 2.57 -0.91 -0.85 -0.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 26.75 58.00 -0.15 -0.50 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS & WARRANTS
      2745 26 BONDS WARRANTS Fel Zode Com| Last Sale +orPrem Expiry Vol Conv Exer Disc Gear- Mths ('000) Ratio Price ing Left >am >058 Advance Modules Grp W*****3 6 susp 1036 Advance SCT Ltd W*****9 0.5 )092 Asia Environment W*****4 2 1481 Asia Water Tech Ltd W*****0 18.5 5816 Asiasons Capital Ltd
      2,745 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      158 26 Ti r Trade energy futures; look out for: rlO rlin OT VL I A Strength of the U.S. dollar B l^^^^B Fund activity and speculative interests fjll C F^^^^^nn^r JM Geopolitical tensions in oil-producing countries LJ\^V^l I w^^^ 1 Demand and supply of oil products Ever since hitting record prices
      158 words
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      2453 27 m The Business Times Shipping Times A B!CT^ffTHjTffrß!TOTffldllTl>M WAN HAI INTERNATIONAL PTE LTD crnO:N69S92oooo/r W^Z I .f ■JtM!llimCTM*Bkl!liUTMWJlgfl.m V"TT^\ llfftll 11*1 iiupa TEL *****588 (14 LINES) FAX: *****163 W H^^^WiTS^T^M R IglWagWW VNN 1 WAN HAI INrN Cuslomet Service/Bookings Direct Line (1800) *****200 X A M^ l*.l^»j» fllWffffffff WBWIS! V
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      3203 28 RICKMERS-LINIE M **^R».^ h n lw IITTA EASTERN CAR LINER, LTD I S3®£f_W uSr gk'BU'k/PrOieCt/SOC COnVen"Ong' lSf-=-l spec.al.ze ,N RORO > heavy l.ft »PTO 450 tonTI WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov I SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB I
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  • MONEY executive
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      Lock icon 2009 looking a bit more optimistic
      1108 30 Year-end rally expected but markets could probably re-test the lows early next year, reports GENEVIEVE CUA EQUITY markets appear to be gearing up for a widely expected year-end rally, but some strategists and analysts expect another downdraft in the first quarter that could retest
      AP  -  1,108 words
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      Lock icon Man who called the bust says it's time to buy US big caps
      710 30 Bloomberg LASZLO Birinyi, the investor who accurately predicted this year's rout in financial shares, said the Standard Poor's 500 Index reached a bear market bottom two weeks ago and recommended buying the largest US stocks. Mr Birinyi,
      ■ Bloomberg  -  710 words
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      Lock icon When cash pile tops market cap
      1370 31  -  MICHAEL TSANG ALEXIS XYDIAS Slowing world economy wiped out USs32t in capitalisation this year STOCKS have fallen so far that 2,267 companies around the globe are offering profits to investors for free. That's eight times as many as at the end of the last
      BLOOMBERG  -  1,370 words
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      Lock icon A city of two tales
      906 32  -  JOSEPH CHONG Good time to invest in property? Look beyond 2009 and consider projected demand and supply of homes and offices Source: TIMES are hard for the property market with softening capital and rental values and dwindling transactions. Although conditions are expected to be poor
      Bankrate.com; URA  -  906 words
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      68 30 Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg |gC Bfc*^^*^ B^—-J| 1 i VI c i-i IG Markets (ACRA No. *****621 X) holds a capital markets services licence for dealing in securities, trading in futures contracts and leveraged foreign exchange. IG Markets is also licensed to trade
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  • Page 30 Miscellaneous
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      303 31 Charting your course in ever-changing conditions. Navigating through turbulent times calls for expertise the kind that comes with over 140 years of financial services experience. At ÜBS Wealth Management, we are dedicated to helping you achieve your investment goals. Our Strategic Asset Allocation is an investment approach that helps you
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      98 32 Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but shaped by the future. Always looking at opportunities and challenges from a different point of view. Bringing together new partners to achieve results that can make the difference for our clients. Because our sole
      98 words