The Business Times, 13 December 2008

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Microfilm: NL29594
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 weekend THE BUSINESS TIMES DEC 13-14, 2008 Ssl.oo tS* AN SPH PUBLICATION I MICA(P) 198/08/2008 www.businesstimes.com.sg
    16 words
  • Article, Illustration
    Lock icon Car wreck
    738 1 NYT US auto bailout fails as unions dig in but White House hints at money from USs7oob fund Washington IN a shocking development, the Senate has killed a US$l4 billion package to help struggling US carmakers after a partisan dispute over union wage cuts derailed last-ditch attempts at
    NYT; REUTERS  -  738 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      141 1 1 k THE RAFFLES CONVERSATION PROPERTY l\ WEALTH NGSERMIANG, SINGAPORE'S Uncovering gems A few ways to boost MR OLYMPICS 6-7 amid gloom 135 W cashflow] 30-31 CURRENCY SWINGS Yen hits 13-year high Failure of US carmaker rescue plan sends investors running for safe havens] 2 CRISIS FALLOUT BOA axing up
      141 words
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  • TOP STORIES
    • CONTENTS
      • Article
        Lock icon NEWS
        43 2 Top stories 2-5 Raffles Conversation 6-7 Week In Review 8 The CEO Column 9 Companies 10-14 Singapore 15-17 Letter From Abroad 18 World T9-22 Perspective 28-29 Stocks stats 23-27 Wealth 30-3 T Wealth Insights 32 Show Me The Money 33 Househunt 34
        43 words
      • Article, Illustration
        Lock icon LIVING
        23 2 Travel L 2-4 Dining L 5-9 Home Garden LIO-IT Shopping Ll2-13 Weekend With Ll4 Health Ll5 Sport LT6 Golf LT7 Motoring LlB-20
        23 words
    • MARKETS
      • Article
        Lock icon STOCKS
        45 2 KL COMP 852.27 -8.41 NIKKEI 225 8,235.87 -484.68 HANG SENG 14,758.39 -855.51 SET 424.79 +0.18 JAKARTA 1,261.97 -54.72 MANILA 1,893.74 -39.38 KOSPI 1,103.82 -50.61 SHENZHEN B 276.04 -12.36 MUMBAI IND 9,690.07 11am EST +44.61 Chanpe llam EST DOW 8,508.14 Change -56.95 NASDAQ 1,516.89 +9.01
        45 words
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 6,51 HONG KONG 5,00 INDONESIA 16,710 TAIWAN 6,316 JAPAN 1,675 KOREA 9,33 BRITAIN ZOO US 4,00 CANADA 3,50 SWITZERLAND 2,04 INDIA 13,00 Source:
        : Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        41 2 US$ 'S$ US$" 1.492 'US$; 1.493 2.22' EURO(US$/S$/E) 1.329 1.984 Foreign currency per US$, S$ YEN 89.60 60.10 RM 3.578 2.397 HK$ 7.750 5.193 BAHT 35.09 23.51 RUPIAH 11,063 7,413 RENMINBI 6.847 4.588 INDIAN RUPEE 48.54 32.52 A$ 1.537 1.030
        41 words
    • Article
      Lock icon Nov retail fall makes it five in a row
      255 2 LATEST US DATA Reuters Washington SALES at US retailers fell for a fifth straight month in November, the longest decline in at least 16 years, as gasoline sales tumbled by a record amount, according to government data released yesterday. The Commerce
      Reuters  -  255 words
    • Article
      Lock icon Yen hits 13-year high as risk aversion returns
      492 2  -  Larry Wee Failure of US carmaker rescue plan sends investors running for safe havens By larry@sph.com.sg Singapore NEWS that US lawmakers had failed to pass a US$l4 billion rescue package for US carmakers hit Asia with a sledgehammer yesterday, lifting the safe
      492 words
    • Article
      Lock icon Detroit shock ripples through world markets
      324 3 AP Dollar's overnight slump may further hit Japanese exporters such as Toyota and Sony London WORLD stock markets plunged yesterday as the US Senate's rejection of a US$l4 billion deal to rescue Detroit's carmakers and further grim economic data stoked concerns that the recession
      AP  -  324 words
    • Article, Illustration
      Lock icon Tokyo primes the pump again – to tune of 23t yen
      539 3  - Tokyo primes the pump again to tune of 23t yen Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Prime Minister Taro Aso last night unveiled a new set of economic stimulus measures worth around 23 trillion yen (*****.3 billion) as global financial markets reeled in the wake of the defeat at the hands
      AP  -  539 words
    • Article
      Lock icon Minibond distributors to help bear legal fees
      205 3  -  Conrad Tan By conradt@sph.com.sg Singapore THE sorry tale keeps getting new twists. Banks and other financial institutions that sold Lehman Brothers Minibond structured notes here will have to contribute to the cost of hiring lawyers to defend the interests of investors in the
      205 words
    • Article, Illustration
      Lock icon BOA slashing up to 35,000 jobs
      485 4 Reuters Move to save USs7b after Merrill purchase and as business weakens New York BANK of America Corp said on Thursday that it plans to eliminate 30,000 to 35,000 jobs over three years, reflecting its pending purchase of Merrill Lynch Co and weaker business
      Reuters; REUTERS  -  485 words
    • Article
      Lock icon MOE taps US, China for fourth uni's partners
      416 4  -  Lee U-Wen By leeuwen@sph.com.sg Singapore THE Ministry of Education (MOE) is in talks with universities in the United States and China to rope a couple of them in as partners of Singapore's upcoming fourth publicly-funded university. If this "path-breaking" idea comes to
      416 words
    • Article
      Lock icon Hitting the wall
      392 4  -  Edward Hadas BREAKINGVIEWS.COM By BANKRUPTCY beckons for the Big Three. But even if General Motors, Ford and Chrysler find a last-minute solution to avoiding Chapter 11, the US Senate's refusal to sanction US$l4 billion of auto aid will cause an economic pile-up. If the latest legislative snafu
      392 words
    • Article, Illustration
      Lock icon Wall St legend faces epic fraud charges
      586 5 MT Madoff s giant Ponzi scheme may have run up losses of US$5O billion New York ON Wall Street, his name is legendary. With money he had made as a lifeguard on the urban beaches of Long Island, he built a trading powerhouse
      MT; AP FILE PHOTO  -  586 words
    • Article, Illustration
      Lock icon Bustling waterfront living for Punggol
      438 5  -  Uma Shankari By shankari@sph.com.sg Singapore PUNGGOL, which started out as a sleepy fishing village, will get a new lease of life from 2010 onwards, with thousands of waterfront HDB flats and private homes planned alongside the soon-to-be bustling 4.2 km Punggol Waterway. "HDB plans to
      438 words
    • Article
      Lock icon Get it home-delivered
      215 5 IF you got this copy of BT Weekend from the newsstand, now is a good time to consider getting it home-delivered by subscribing to it. For $49.40, besides receiving it at home for 52 weeks, you'll also get a set of four Bertlitz Guidebooks, a 30-day free
      215 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      163 3 Over 5 Million Dollar Jewellery Inuentom MUST BE lIQUIDATED! This property shall be offered at this one day auction. Items obtained from govt. auctions plus the addition of goods which constitute the majority. Sunday, 14th December Auction: 1:00pm Viewing: 11:00 am OVER 300 LOTS Sapphire 48 02ct Necklace-Cfe M.O7U ■■Spip-.1
      163 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Many hats
      2403 6  -  Chuang Peck Ming G Ser Miang is constantly on the move. It took a couple of weeks to nail the chairman of Singapore's largest supermarket chain down for an interview for Raffles Conversation, because he was travelling most of the time. On the morning that the interview was
      ARTHUR LEE  -  2,403 words
    • Article
      Lock icon Raffles Hotels & Resorts
      76 6 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • Article
      Lock icon S'pore banks push on with China long march
      39 7 DESPITE flagging earnings growth and the slowdown in the Chinese economy, Singapore banks are still looking to grow their franchise there the one market that is simply too big to ignore.
      39 words
    • Article
      Lock icon Wall St finds silver lining in the darkest hour
      68 7 AFTER a week of unrelenting signs that these are the worst of times in decades for the economy and the financial markets, Wall Street staged an unlikely and impressive rally, and offered some hopes of its own for an improving outlook.
      68 words
    • Article
      Lock icon More options granted as shares hit historic lows
      58 7 SOME companies have taken advantage of historically low share prices in the last quarter to issue stock options to staff and directors. And in a large number of cases, the grant of options was disclosed late, contrary to listing rules and raising
      58 words
    • Article
      Lock icon HK stocks lead Asian rally on Obama plan
      52 7 ASIA'S stock markets rocketed on Monday, led by Hong Kong, as dealers followed a Wall Street rally on hopes of more US stimulus measures following poor jobs data last week. The picture was pretty much the same in European markets as shares
      52 words
    • Article
      Lock icon Saving the Big Three may worsen recession
      59 7 US carmakers' pledges for more payroll cuts to win federal aid may deepen the recession after they eliminated more than 100,000 jobs in the past three years. While the loans may spare General Motors Corp, Ford Motor Co and Chrysler LLC from collapse,
      59 words
    • Article
      Lock icon Recent rally may not have legs to last
      58 7 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. But beware, for this is likely to be a bear market rally its sustainability is
      58 words
    • Article
      Lock icon Big crunch comes to Sony, 16,000 jobs to go
      52 7 JAPAN'S Sony Corp 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 Asian company
      52 words
    • Article
      Lock icon Whiff of Hollywood to touch Buona Vista
      45 7 FILMS such as box-office hit 300, part of a new wave of films that rely extensively on state-of-the-art digital movie studios, could be spawned from studios coming up in a new 19-hectare Buona Vista enclave, called Mediapolis@ one-north.
      45 words
    • Article, Illustration
      Lock icon SPARTAN TOUCH
      21 7 Sony is cutting 16,000 jobs, curbing investment and pulling out of businesses to save US$1.1 billion a year AFP
      AFP  -  21 words
    • Article
      Lock icon Prime office rentals coming down to earth
      55 7 LANDLORDS may be frowning but those looking for office space have reason to cheer. After climbing steadily for nearly four years, average Grade A and prime office rental values in Singapore are estimated to have slipped about 20 per cent in the fourth
      55 words
    • Article
      Lock icon China exports go into reverse after 7 years of growth
      62 7 CHINA'S exports fell for the first time in seven years, more evidence that recessions in the US, Europe and Japan are driving its economy into a slump. Exports dropped 2.2 per cent in November from a year ago. Imports plunged
      62 words
    • Article
      Lock icon Race against time to rescue US car giants
      45 7 THE US House of Representatives voted 237-170 on Wednesday night to approve emergency loans for General Motors Corp and Chrysler LLC, shifting the focus to the Senate, where Republican opposition threatens to delay or kill the legislation.
      45 words
    • Article
      Lock icon Remisiers push for alternative to buying-in market
      55 7 THE Society of Remisiers has proposed that the Singapore Exchange introduce an immediate delivery, or ID, market that would complement current measures against short-selling. It also requested that SGX consider scrapping fines of at least $1,000 for "naked" shorts and $50,000 for failed
      55 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      169 7 CRYPTIC CROSSWORD 23 Amount paid for j j insurance, great value (7) 57T j yesterday's solution Across: 7 Venomous, 9 Routed, 10 ofiYnnwnnlHpynPfta DOWN temperature's fine (5) Gore, 11 Chancellor, 12 Torpor, 14 26 YOU WOUld expect a X w Tailored, 15 Salary, 17 Defile, 20 pianist to behave 1
      169 words
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      88 7 NEXT WEEK Dec 15-19/08 US DATA Dec 15 Nov capacity utilisation Nov industrial Production Dec 16 Nov building permits Nov core CPI Nov housing starts FOMC policy statement Dec 17 Crude inventories Dec 18 Initial job claims Nov leading indicators SINGAPORE DATA Dec 15 Oct retail sales and catering trade
      88 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon SMEs must manage risk to advance
      1128 8  -  And they should exploit the abundant opportunities thrown up by Singapore's extensive network of FTAs I FROM THE I DESK OF I Mary Yeo Managing director, UPS Singapore LAST week, I woke up for a conference call at 6am with a client who is
      1,128 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Chartered slashes Q4 expectations
      380 9  -  Ong Boon Kiat With weaker market conditions, foundry now expects net loss of USs76m to USsB4m By boonkiat@sph.com.sg Singapore CHARTERED Semiconductor Manufacturing's fourth quarter is shaping up to be worse than it earlier anticipated. The Singapore foundry released its customary mid-quarter update yesterday, announcing that it
      BLOOMBERG  -  380 words
    • Article
      Lock icon SPC warns of weak 2008 earnings
      167 9 SINGAPORE Petroleum Company (SPC) warned yesterday that its 2008 earnings have been severely weakened by the steep falls in crude and product prices. The regional oil and gas company, which said this in a performance guidance for 2008, added: "The drastic slowdown in refined
      167 words
    • Article
      Lock icon Zhonghui suspends share trading as debts cloud future
      516 9  -  Lynette Khoo By lynkhoo@sph.com.sg Singapore ZHONGHUI Holdings has suspended trading of its shares, citing uncertainties over whether it would be able to meet its financial obligations and continue as a going concern. The suspension starting yesterday was made at its request following
      516 words
    • Article
      Lock icon Court grants Gao Bin leave to fight $1.47m counterclaim
      288 9 ZHONGHUI Holdings chairman Gao Bin has lost his appeal against OCBC Securities Pte Ltd's counterclaim of $344,501 with interest but still stands a chance to defend a counterclaim of $1.47 million. But he has to pay $1.47 million to the High
      288 words
    • Article, Illustration
      Lock icon Challenging times for Banyan Tree
      636 10  -  Nisha Ramchandani CORPORATE FOCUS Resort operator cautious over Thailand's situation, flassins tourist demand. By HE ongoing political uncertainty in Thailand, coupled with flagging tourist demand as a result of the global economic slowdown, will continue to make things challenging for resort operator Banyan Tree Holdings
      BANYAN TREE HOTELS & RESORTS  -  636 words
    • Article, Illustration
      Lock icon It's still about rescuing Wall St and its firms
      609 11  -  R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent ~T"HEN you stop to think about it, it's actually quite funny that the fortunes of millions of investors around the world hinged this week on a bunch of squabbling US lawmakers who eventually voted against
      609 words
    • Article
      Lock icon TOP 20 ACTIVES
      118 11 VOL CLOSE Golden 137,039 21.5 -2.0 -8.5 Cosco Cori 37,185 100 -10.0 -9.1 Indoy 27,742 50.5 -0.5 -1.0 Noble Gr 27,598 100 -1.0 -1.0 Gent Intl 24,368 42.5 0.5 12 StraitsAsia 21,907 89 -5.0 -53 RafflesEdu 18,942 56 3.0 5.7 Cambridi *e Ind Trust 17,935 24 4.5
      118 words
    • Article
      Lock icon TOP GAINERS
      57 11 BY CENTS UP CLOSE STXPO 100 850 165.0 24.1 iCBCCai .l%NCPS100 8600 100.0 1.2 GLD 10US$ 8046 46.2 0.4 DBSBk6%NCPS 10 9300 20.0 0.2 CIMBAsean40 100US$ 475 14.9 2.2 >ai 390 14.9 2.6 ir India Nifb 10 900 12.0 1.. STI 1950DBePW*****2 54 10.5 24.1 lelonj 75 9.0
      57 words
    • Article
      Lock icon TOP LOSERS
      51 11 BY CENTS CLOSEDOWN JMH 1666 -77.6 -3.0 Jardine C&C 988 -62.0 -5.9 OCBC Bk 4.5%NCPS 100 8050 -50.0 -0.6 SIA 200 1082 -44.0 -3.9 UOB 1282 -38.0 -2.9 JSH 897 -37.3 -2.7 S I A 1104 -32.0 -2.8 Great Eastern 850 -30.0 -3.4 OCBC Bk RBePW*****3 145 -30.0
      51 words
    • Article
      Lock icon STI STOCKS
      117 11 Stock name Close Chai Cai litaLand 2.740 -0.040 CapitaMall 1.530 -0.070 CityDev 6.020 +0.070 Cosco Con 1.000 -0.100 DBS Gri 10.100 +0.020 F&N 2.780 -0.080 Gent Intl 0.425 +0.005 Golden Agri 0.215 -0.020 HK Land 2.440 -0.170 JMH 16.660 -0.520 JSH 8.970 -0.250 Jardine C&C 9.880 -0.620 Keppel
      117 words
    • Article
      Lock icon Advance Modules names Lim Eng Hoe as exec director
      320 12  -  Arthur Sim By simska@sph.com.sg Singapore ADVANCE Modules Group (AMG) has appointed Lim Eng Hoe executive director who will be "overall in charge of executive matters of the company and group". In a filing with the Singapore Exchange yesterday, AMG said that
      320 words
    • Article
      Lock icon MAP Tech to sell Thai unit
      257 12 SINGAPORE-BASED data storage specialist MAP Technology plans to divest its entire stake in its Thai subsidiary M&J Technologies. The company said yesterday that it has entered into a conditional sale and purchase agreement to sell its entire shareholding interest in M&J to Fujilink Technology
      257 words
    • Article
      Lock icon KTL Global unit secures US$s.l5m winch job
      377 12  -  Vincent Wee Deal with Britoil seen contributing positively to bottomline in FY2OIO By vincewee@sph.com.sg Singapore of Logan Industries, one of the joint-venture partners. He believes that a turnover of $100 million in the next five years is easily achievable. "By 2011, KTL aims
      377 words
    • Article
      Lock icon Transcu posts US$6.76m Q2 loss
      435 13  -  Jamie Lee Biotech group warns that revenue from licensing segment will continue to fluctuate By leejamie@sph.com.sg Singapore JAPANESE biotech group Transcu found itself in the red for its fiscal second quarter and warned that revenue from its licensing segment would continue to fluctuate. Transcu reported
      435 words
    • Article
      Lock icon Global Testing warns of Q4 loss
      248 13  -  Nisha Ramchandani By nishar@sph.com.sg Singapore GLOBAL Testing Corporation has warned of a fourth-quarter net loss, saying that its revenue performance for the period is expected to be weaker than previously projected as the weakening global economy has caused customers to scale back on new
      248 words
    • Article
      Lock icon Beyonics profit jumps 54.3% in Ql
      289 13  -  Lee U-Wen By leeuwen@sph.com.sg Singapore BEYONICS Technology yesterday reported a net profit of $5.6 million for its first quarter ended Oct 31 a rise of 54.3 per cent from the $3.6 million a year earlier, helped by foreign exchange gains. The electronics group, a
      289 words
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  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      18 11 TUNE IN TO BIGGEST HITS OF THE 90S OH3EUS BROWN TILL NOW! ONLY ON RADIO 100°/. PURE FUN
      18 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      134 11 Business THE COMPANIES ACT, CAP.50 L/11CJ-11 lei CHUN CHUN MANUFACTURING PRIVATE LIMITED (Co. Reg. No. *****0063E) Yellow Pages CEO will be (In Voluntary Liquidation] NOTICE OF FINAL MEETING leaving at end January Notice is hereby given that the Final Meeting of the Members of CHOW Hon Meng has resigned as
      134 words
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  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      35 12 \l vlS^V^^ r Enjoy live seafood by the sea x^^^^pV/ We serve you only the Great Place for BEST? Corporate Special Events ■■flhMLvr. I dio I n ill oToToKW [o I n n r www.hawaiiseafoodrestaurant.com.sg
      35 words
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  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      654 13 V Raff lesEducation( v>/y; "1 RAFFLES EDUCATION CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0712N) I NOTICE OF EXTRAORDINARY GENERAL MEETING I Notice is hereby given that an extraordinary general meeting (the "EGM") of Raffles Education Corporation Limited (the "Company") will be held at Raffles Education
      654 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon CAAS extends customer relief by a year
      609 14  -  By Yen Sreenivasan ven@sph.com.sg FACED with falling traffic and a potential prolonged slowdown in aviation, the Civil Aviation Authority of Singapore (CAAS) has extended its Air Hub Development Fund (AHDF) by Ssl3o million for a year until end 2009. This brings to a
      609 words
    • Article
      Lock icon SME cash reserves vital to survive crisis
      361 14  -  Teh Shi Ning By tshining@sph.com.sg SMALL and medium-size enterprises (SMEs) should head back to basics and relook their cash reserves to survive the fallout from the financial crisis, panellists at a forum hosted by the NUS Business School and TiE (The Indus Entrepreneurs)
      361 words
    • Article
      Lock icon Digital Marketplace starts rolling
      330 14  -  Ong Boon Kiat By boonkiat@sph.com.sg THE government's initiative to become a powerhouse in the lucrative digital content processing, trading and distribution industry, dubbed Digital Marketplace, took its first steps yesterday. On the last day of the Asia Television Forum trade show, the Infocomm Development Authority of
      330 words
    • Article
      Lock icon Smoking ban to cover more areas
      170 14 FROM Jan 1, the smoking prohibition will be extended to indoor public places, lift lobbies, playgrounds, exercise areas, and entrances to buildings where smoking is already prohibited. Over the years, the National Environment Agency has been slowly extending the smoking ban. This is in
      170 words
    • Article, Illustration
      Lock icon Cisco sets up first global tech centre
      448 15  -  Amit Roy Choudhury By amit@sph.com.sg CISCO yesterday announced the establishment in Singapore of its first global centre for developing next generation services which would be delivered over the Republic's Next Generation National Broadband Network (Next Gen NBN), once it is up and running.
      448 words
    • Article
      Lock icon Two patients get local homografts
      345 15  -  By Ang An Shing shingang@sph.com.sg THE National Cardiovascular Homograft Bank (NCHB) has supplied locally procured and processed homografts to two replacement surgeries done in Singapore hospitals, cutting both time and costs for the patients. lim Yeong Phang, medical director of NCHB explains: "We hope to
      345 words
    • Article
      Lock icon National body for workplace health to be formed
      219 15 A NATIONAL committee will be formed to improve health at the workplace, an important initiative for Singapore's ageing workforce, the Ministry of Health (MOH) announced yesterday. MOH, National Trades Union Congress (NTUC), and Singapore National Employers Federation are jointly forming a national
      219 words
    • Article
      Lock icon Consortium to take on Mid-East markets
      311 15  -  By Ang An Shing shingang@sph.com.sg A CONSORTIUM of four local companies was formed yesterday to provide a suite of turnkey engineering, procurement and construction services, as well as supply chain solutions for the downstream oil and gas industries and offshore and marine industries in
      311 words
    • Article
      Lock icon Singapore could lead rebound in region
      528 16  -  Lynette Khoo Once the global economy picks up towards the end of 2009, the export sector will feel the recovery first: ÜBS By lynkhoo@sph.com.sg SINGAPORE may be the only Asian economy to show negative growth next year given its small and very open economy
      528 words
    • Article, Illustration
      Lock icon Who says Paris is expensive?
      838 16  -  Chuang Peck Ming SOAPBOX peckming@sph.com.sg Senior Correspondent DESPITE the credit crunch and talks of deflation, Paris is still expensive. Step into a public toilet along the Champs Elysees, the French capital's most prestigious street lined with cinemas, cafes and chic shops, and you have to
      BLOOMBERG  -  838 words
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  • LETTER FROM ABROAD
    • Article, Illustration
      Lock icon Different strokes for Taipei, Tainan and, er, tian-ji
      888 17  -  LETTER FROM TAIWAN Victor Lee General manager, SME Banking, Standard Chartered Bank, Taiwan WELCOME 2 Taiwan! I was given the opportunity to head up SME banking in Taiwan since March and nine fruitful months have whizzed past me in the blink of
      888 words
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      83 18 DINING X'mas gifts for!! foodies l 5 Foreign talent l6 CBD bistros 1.8-9 DESIGN Outdoor furniture SHOPPING Tech toys for mm under $500 L13 m m m M WEEKEND WITH P* IJ-W German ambassador V T Jorg Ranau li 4 HEALTH Hypogonadism L15 1 NO HOLDS BARRED I > 111
      83 words
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  • Living
    • TRAVEL
      • Article, Illustration
        Lock icon Budget boutiques
        1006 19  -  Lim Sio Hui They're cheap, chic and even cool a new breed of affordable hotels is focusing on differences that really matter. By THINK of lower-priced hotels and images of lacklustre interiors and dismal bathrooms spring to mind. But this category is starting to shed its dowdy image
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      • Article, Illustration
        Lock icon Where less is more
        539 20  -  Lim Sio Hui AFFORDABLE hotels around the world are upping the ante with their own lifestyle-tailored accommodation. Here's a short list worth noting: Room Mate Hotels www.room-matehotels.com Concept: "Staying with a friend": each hotel has its own distinctive personality, but all are located very centrally and
        539 words
    • DINING
      • Article, Illustration
        Lock icon GOURMET SELECTION
        621 21  -  Jaime Ec 1 There's panettone and there's panettone. New Italian pastry shop COVA offers its first range of Christmas items, including this cute Santa Claus-shaped panettone. $138 Caffe Cova, #01-20 A Paragon Shopping Centre 6733-0777 2 If your party host enjoys simple cakes over the complicated confections of
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      • Article, Illustration
        Lock icon Outside help
        1077 22  -  Audrey Phoon A 971 Cafe #01-04 Riverside Point 30 Merchant Road *****-9711 WHAT happens when you endeavour to create an out-of-the-ordinary dining experience? Why, you enlist out-of-fhe-country assistance, of course. At least, that's the opinion of integrated food and management services company, Select Group. The Singapore firm has
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      • Article, Illustration
        Lock icon Serving the CBD
        1578 24  -  Three new bistros bring good food, great value and a positive outlook into the Central Business District amid the economic storm. By Les Artistes Bistrot 35 Keong Saik Road S 6224-1501 LAST week, Nicolas Joanny opened not one but two outlets along the same road: a bistro
        EN(S)H YEN MENG JIIN  -  1,578 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon A Place in the Sun
        789 25  -  Melissa Lwee J^^~ OST people recovering in hospital from a serious ca-reer-ending football accident would V have sat in bed wallowing in self-pity but not Bobby Dekeyser. Rather than lament the misfortune that nearly cost him the sight in his left eye, the former Bayern
        789 words
      • Article, Illustration
        Lock icon All the rage
        490 25 AS homeowners grow increasingly house-proud, every bit of floor space counts. Gone are the days where outdoor space was dotted only with plants and perhaps a few plastic or wooden chairs. Instead, think big, sleek designer chaise lounges, sofas, tables and even coordinated plant holders a trend,
        490 words
    • SHOPPING
      • Article
        Lock icon Fashion fund
        377 26  -  Melissa Lwee AT A TIME when most retailers are unsure about the future of consumer spending, one hedge fund company is plunging into the unknown. Best known as Singapore's first home grown hedge fund company, Ferrell Asset Management is making waves in Singapore by venturing into the lifestyle
        377 words
      • Article, Illustration
        Lock icon Poised for the big time
        476 26 AFTER a few minutes in the presence of veteran designer Thomas Wee, one is ready to accede to him as Singapore's foremost fashion critic. Armed with exuberance and a sharp, dry wit, he speaks with an undeniable air of authority. "I cannot stand badly made
        476 words
      • Article, Illustration
        Lock icon Tech Toys
        639 27  -  Christmas gift guide By Christopher Lim YOUR budget for gadget gift buying might have shrunk a little this Christmas shopping season, but the good news is that the price ol admission to digital nirvana has also dimished across the board. For under $500, you can keep your friends
        639 words
    • WEEKEND WITH
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        Lock icon Of diplomacy and diving
        1015 28  -  Amanda de Guzman WEEKEND WITH GERMAN AMBASSADOR TO SINGAPORE Jorg Ranau's passion for diving was sparked while on the job. Here, he relates some of his adventures. FRESH off a considerably more stressful posting as representative to Ramallah, Palestine, Singapore's new German ambassador Jorg Ranau is
        JOSEPH NAIR  -  1,015 words
    • HEALTH
      • Article, Illustration
        Lock icon Testosterone trouble
        849 29  -  Melissa Heng About one in five Singapore men aged 45 and above experiences hypogonadism. But help is at hand. By PHYSICIAN, heal thyself one doctor took this biblical proverb to heart and did just that, literally. Nine years ago, Farid Saad was asked to evaluate a new testosterone
        849 words
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        Lock icon Some hot pink love for your hips
        494 29  -  Jaime Ec By jaime a sph.com.sg THERE is always that lingering hope among exercise-averse optimists that there will, somewhere, be a perfect machine that you can sit in, relax and be toned in all the right places without you having to lift a
        494 words
    • SPORT
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        Lock icon Brazil spares no effort to host World Cup
        684 30  -  Lee U-Wen no holds barred leeuwen@sph.com.sg Correspondent AS our minibus ploughed through the streets of Sao Paolo and Brasilia while I was on a media visit to Brazil recently, it was not difficult to see why the country was picked to once
        REUTERS  -  684 words
    • GOLF
      • Article, Illustration
        Lock icon The caddy women can
        1201 31  -  While there are few full-time female caddies around, they do bring a different perspective to the game. By Justine Moss MEN seem to have a near-monopoly when it comes to caddying for the world's top professional golfers, but there are a handful of female caddies who
        1,201 words
    • MOTORING
      • Article, Illustration
        Lock icon JAZZ THE RIGHT HATCH
        518 32  -  Samuel Ec The Japanese hatchback has a completely new look while still retaining its superb Honda engineering. By SINGAPORE'S most popular Japanese hatchback is finally available as an official import and all that can be said is that it was worth the wait. The Honda Jazz
        518 words
      • Article, Illustration
        Lock icon How to drive like a pro
        389 32  -  C V Chew By WANT to tune up your driving skills behind the wheel of a 580 hp wagon? Or learn how to shave those precious seconds off your lap time? Well, Christmas came early for the 60 Audi customers in Singapore who attended
        389 words
      • Article, Illustration
        Lock icon ELECTRIC DREAM COME TRUE
        604 33  -  Samuel Ec HEY may be at opposite ends of the luxury spectrum, yet there is one feature about the Lexus GS Hybrid which makes it strikingly similar to the Rolls-Royce Phantom neither car has a conventional tachometer. Instead of engine speed, the Rolls-Royce has a "power
        604 words
      • Article, Illustration
        Lock icon HOLIDAY ROAD
        396 34 OLAF Duebel and his family usually travel 300 km by road from their Wolfsburg home to visit his parents in Krefeld and then 500 km in the other direction to Karlsruhe to see his in-laws. But as the managing director of Volkswagen Group Singapore has been based here
        396 words
      • Article, Illustration
        Lock icon Winter wonderland
        247 34 WITH homes in Switzerland and Germany, Audi Singapore managing director Reinhold Carl will be dividing his time between them this Christmas. That means a lot of driving. On some very slippery roads. "Ever since we moved to Asia, it's become a year-end tradition to spend our holidays in
        247 words
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      523 23 4 mg* presents Xheavenlya* BROWN^se» 4 ji KiCESawy m^-^t' Cooking Brown Rice J^^F To savour the best tasting brown rice, it is vi m- t J^r cook it well. Let us show you how in this fourth of a six-part series. |^1_ As brown rice can be more temperamental than
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      721 30 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant Joel Robuchon in Paris, Troisgros in Roanne Marina Mandarin Singapore Pan Pacific Singapore Level 35, Orchard Wing and Le Jardin des Sens in Montpellier, this 6 Raffles Boulevard, Marina Square Festive Party Packs Meritus Mandarin Singapore former right-hand man to the Michelin
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  • WORLD
    • Article, Illustration
      Lock icon KL slaps ban on hillside developments
      602 35  -  S Jayasankaran Order follows landslide last week, would affect three swank projects By btworld@sph.com.sg Kuala Lumpur THE Malaysian Cabinet yesterday banned all hillside developments on slopes with a gradient of more than 35 degrees in the country's Federal Territories Kuala Lumpur, Labuan and Putrajaya
      REUTERS  -  602 words
    • Article
      Lock icon Slow recovery for Malaysian properties
      301 35 Bloomberg Kuala Lumpur MALAYSIA'S property market will take three years to recover from its current slump, the slowest revival in more than two decades, reflecting the reach of the worldwide financial crisis, Regroup Associates Sdn said. "In the past four weeks, I've been staring at
      Bloomberg  -  301 words
    • Article, Illustration
      Lock icon China retail sales grow at slowest pace in 9 months
      515 36 Bloomberg Nov figures rose 20.8% from a year earlier to 979.1b yuan as consumer confidence falls Beijing CHINA'S retail sales grew at the slowest pace in nine months as the economy and inflation cooled and the global financial crisis dampened
      Bloomberg; REUTERS  -  515 words
    • Article
      Lock icon Visitor arrivals down in India
      498 36  -  Neeta Lai By btworld@sph.com.sg New ueini FOR the first time in six years, India has reported a drop in monthly visitor arrivals. The 2.1 per cent decline in November came amid a downturn in India's aviation industry. According to the Ministry of Tourism this week,
      498 words
    • Article
      Lock icon Former Taiwan president charged with graft
      313 36 AFP Taipei TAIWAN'S former president Chen Shui-bian, who angered China during his eight years in office with his pro-independence stance, was indicted yesterday on several counts of corruption. Chen, who once pledged to clean up Taiwanese politics, is the island's first former leader to
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    • Article, Illustration
      Lock icon Japan hosts first of regular tripartite summits
      735 37  -  Anthony Rowley Aso's talks with China, Korea leaders dubbed a major step forward for E Asian cooperation By btworld@sph.com.sg Tokyo IN what a Japanese Foreign Ministry official described yesterday as a major step forward for East Asian political and economic cooperation, government leaders
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    • Briefing
      • Article
        Lock icon Li and Fung shares plunge 15% on KB Toys bankruptcy
        103 37 Reuters Shares in Hong-Kong based Li Fung Ltd plummeted as much as 15 per cent yesterday after KB Toys Inc, one of the largest US toy retailers, filed for Chapter 11 bankruptcy protection on Thursday, with a plan to close
        Reuters  -  103 words
      • Article
        Lock icon Macquarie unit to refinance A$l.4b of debt due in 2009
        81 37 Reuters 3y Australia's Macquarie Office Trust yesterday said it was undertaking AsBoo million (*****.2 million) in capital management initiatives to refinance and repay Asl.4 billion in debt expiring in 2009, it told the Australian Stock Exchange. The initiatives include a
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      • Article
        Lock icon Kookmin raises 400b won selling parent shares
        59 37 Bloomberg ioul Kookmin Bank, South Korea's largest, raised 400 billion won (S$433.6 million) selling shares in its parent KB Financial Group Inc as it braces for rising bad debts. Kookmin sold 11.85 million shares for 33,760 won apiece yesterday, arranger JPMorgan Chase Co
        Bloomberg  -  59 words
      • Article
        Lock icon Alcatel-Lucent plans to axe 1,000 managerial jobs
        56 37 Bloomberg Paris Alcatel-Lucent SA, the world's largest supplier of fixed-line telephone networks, plans to cut 1,000 managerial jobs and reduce expenses by one billion euros (S$2 billion) in each of the next two years. Adjusted operating profit will be around break even next
        Bloomberg  -  56 words
      • Article
        Lock icon European leaders seal 200b euro pact to revive bloc's economy
        68 37 Reuters European leaders sealed a 200-billion-euro (S$398.8 billion) pact to revive the bloc's battered economy yesterday. Talks on the pact, which draws on existing national packages and provides support for sectors including construction and motors, had exposed differences between Britain
        Reuters  -  68 words
    • Article, Illustration
      Lock icon Detroit looks in the rear view mirror
      580 38 The Big Three US carmakers discover just how little loyalty political contributions buy Washington BY standing in the way of an auto industry bailout, Republican senators appear to have bitten the hand that fed them. Over the last decade, General Motors has given
      BLOOMBERG  -  580 words
    • Article
      Lock icon FTSE rejig puts household names into small cap club
      378 38 Reuters London SEVERAL household names including housebuilder Taylor Wimpey and newspaper groups Trinity Mirror and Johnston Press will be demoted to small cap status after the quarterly rejig by index compiler FTSE. Taylor Wimpey has lost around 95 per cent of
      Reuters  -  378 words
    • Article
      Lock icon Boeing again delays delivery of Dreamliner
      393 38 NYT New York THE Boeing Co will push back deliveries of its new jet, the 787, until the first quarter of 2010. Boeing said the first flight of the Dreamliner jet would take place in the second quarter of 2009. It had hoped the
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      143 35 I jsssa for daily Sun Tzu's I Art of War quotes 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 $2,588! Make a
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      380 37 w A MATS PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0381N NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Pacific Century Regional Developments Limited (the "Company") will be held at Raffles Town Club, Dunearn 3, Level
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  • SGX
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      Lock icon Untitled
      8866 39 Transaction date: Dec 12 52-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote COO0) High Low Buyer Seller Div GrYld C'vr Net P/E M Cap Smil 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller Div GrYld Net C'vr
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    • Article
      Lock icon SGX CATALIST
      1522 42 SZ-wks Tel High Low Code Company Last Sale Vol ('000) Day High Low Last Quote Buyer Seller Div GrYld C'vr Net P/E M Cap Smil SZ-wks Tel High Low Code Company Last Sale Vol Cooo) Day High Low Last Quote Buyer Seller Div GrYld CVr Net P/E MCap
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      69 42 Up Down Unch 2 10 3 Up Down Unch 0 0 0 Up Down Unch 2 10 3 lulti Ind lanui Facturin; 36 72 42 37 77 49 Commerce 12 28 16 :inance 14 19 14 19 Construction •rot >erties iotel Services 16 22 23 10 19
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      232 42 MAIN SDQ TOTAL MAIN SDQ TOTAI lulti Ind 20,518 20,518 52,121 52,121 lanufacturini 213,996 10,779 224,775 147,310 264 147,575 :ommerce 74,232 6,177 80,409 67,933 968 68,901 :i nance 38,926 38,926 268,662 268,662 instruction 10,086 140 10,226 813 815 >ro\ >erties 73,118 73,118 83,072 83,072 Ha 1,048 1,048
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      830 42 For week beginning Dec 8 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000) Stock Trans Date Substantial Shareholder/ Director Buy Sell Cony No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000)
      830 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 43 YTD change: -49.78% 52-week high: 3,530.86 on Dec 12,2007 52-week low: 1,473.77 on Oct 28,2008 Source:! :Bloomberg
        :Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 43 YTD change: -46.94% 52-week high: 28,777.20 on Dec 12,2007 52-week low: 10,676.20 on Oct 27,2008 Source:! Bloomberg
        : Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 43 YTD change:-35.43% 52-week high: 13,704.50 on Dec 12,2007 52-week low: 7,449.38 on Nov 21,2008 (Chart shows Thursday's index closing) Source: Bloomberg
        : Bloomberg  -  25 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        368 43 In local curr In S$ In US! %dy %yr %dy %yr dy %yi Index Change Change Change Change Change Change Dec 11 World Index Preliminai 675.0 0.1 -40.4 -0.1 -41.1 0.8 -43.C EAFE Preliminai 650.3 0.3 -42.0 0.6 -44.6 1.6 -46.3 Euro| Preliminai 918.6 -0.2
        368 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        151 43 Dec 12\ Against S$ Currencies Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9701 0.9719 Against US$ Bid 0.6504 Offer 0.6509 Canadian dollar 1.1942 1.1959 0.8006 0.8010 Euro 1.9826 1.9849 1.3292 1.3294 NZ dollar 0.8096 0.8112 0.5428 0.5433 jterlini 2.2273 2.2302 1.4932 1.4937 US
        151 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        20 43 Source:! YTD change:-62.86% 52-week high: 5,522.78 on Jan 14,2008 52-week low: 1,664.92 on Oct 28,2008 Bloomberg
        Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Nikkei 225
        18 43 Source:! YTD change:-46.20% 52-week high: 15,963.40 on Dec 12,2007 52-week low: 6,994.90 on Oct 28,2008 Bloomberg
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      • Article
        Lock icon LIFFE
        59 43 M^^DecTrl 1 (£/tonne) Close Prev Hi! ;h/Low )ec08 1806 1825 1840/1801 1634 1625 1654/1615 1629 1620 1644/1611 lul 09 1637 1631 1650/1620 :OFFEE (US$/tonne) Close Pev High/Low Ian 09 1905 1887 1922/1823 SUGAR (US tonne) White Close Prev High/Low 1ar09 328.6 318.7 329.9/315.4 lay 09 338.6 329.4 340.1/327.5 ,ug09
        59 words
      • Article
        Lock icon CHICAGO BOT
        105 43 Dec Jj| SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 09 856.50 829.50 865.75 826.75 Mar 09 860.50 834.75 869.00 831.50 May 09 870.00 844.50 877.75 841.75 Jul 09 879.25 854.00 886.75 851.00 SOYBEAN/OIL (60,000 lbs; usc/b) Close Previous High/Low Dec 08 31.46 30.59 31.65
        105 words
      • Article
        Lock icon PALM OIL
        66 43 Dec 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Low Vol Done Open Position Hi) Dec 08 1600 Jan 09 1637 Feb 09 1650 Mar 09 1645 Total o/p: ***** contracts 1564 1600 1561 1589 1648 1570 1581 1650 1567 1590 1651 1568
        66 words
      • Article
        Lock icon OIL
        76 43 Dec II CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 48.01 4.21 47.12 3.30 42.75 1.68 45.75 1.45 41.05 1.45 PRODUCT USS/barrel (FOB S pore) Close Change Naphtha Jet Kerosene 28.67 -0.33 56.40 -1.35 USS/barrel Opec Oil Basket
        76 words
      • Article
        Lock icon METALS
        73 43 Dec 12 iOLD ;us$/oz; Dec 12 Dec 11 -long Kong 818.30 812.00 819.30 813.00 Dec 11 Dec 10 .ondon 824.50 804.40 826.50 806.40 Source: Thomson Reuters SILVER Selling Buying >assbook1oz 15.23 14.99 Source: UOB >LATINUM Lon (US$/oz) Dec 11 Close Previous >M Fix 842.00 824.00 M Fix 837.00 825.00
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      • Article
        Lock icon LONDON METALS
        73 43 Dec II Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 3 months 1522.20 1563.00 1483.20 1526.00 Copper, Grade A US$^ onne) Cash 3 months 3286.00 3320.00 3272.50 3305.00 Lead (US$jl onne) Cash 3 months 1011.00 1020.00 981.80 990.00 Nickel ;uS$/tonne) Close Previous Cash 3 months Tin (US$/tonne) *****.00 *****.00
        73 words
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  • PERSPECTIVE
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      Lock icon Dangers of depression economics
      1328 44  -  r Edward Chancellor Anti-depression policies not only interfere with the clearing process, or liquidation, but also threaten to stoke economic nationalism By "^M OVERNMENTS around the world are resorting to extreme measures to stave off deflation and depression. Fiscal and monetary stimulus on a grand scale
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Embrace the bear
        1286 45  -  Genevieve Cua The current bear market now is a good time to take stock of your finances and re-think your exposures. you are holding mainly cash or Treasuries, any other asset you have invested in whether stocks, corporate bonds or property would have suffered a severe valuation
        STOCK.XCHNG  -  1,286 words
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        Lock icon BROKERS' TAKE
        806 45  -  Conrad Tan Shipping Trusts OCBC Investment Research Dec 12 MORE turbulence ahead... The last several years have seen major export growth as well as a commodities boom. This drove a boom in shipping manifested in both an increase in rates as well as a demand for increased capacity,
        806 words
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        Lock icon Catching bottoms and gauging upturns
        1409 46  -  Lim Meng Tat Director Russel Investments FACING the facts: are we in for a depression? These are hard, painful times. Most investors have never experienced this big a shock to our economy and the markets. Many questions are being asked; investors pose some, the media
        1,409 words
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        Lock icon Wacky idea to move the property market
        1620 47  -  Teh Hooi Ling show me the money Desperate times call for desperate measures. How about using property raffles to boost home sales in Singapore? hooiling@sph.com.sg Senior correspondent THE Emerging Trends in Real Estate Asia Pacific 2009 report, released last week by the Urban
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  • WEALTH REAL ESTATE
    • Article
      Lock icon List of deferred projects being brought forward to be ready by early 2009: Mah
      171 48  -  Uma Shankari By shankari@sph.com.sg Singapore THE government could bring forward some of the $4.7 billion worth of public sector projects put on hold earlier, as well as push forward some other projects by the various ministries,
      171 words
    • Article, Illustration
      Lock icon Uncovering gems amid property gloom
      1327 49 'They have taught me everything. I've had the front-row seats to some of the most interesting deals they have done.' Mr Kishin, on his father and uncle RB Capital boss zeroes in on residential developers in need of funding next year. By Kalpana Rashiwala KISHIN
      1,327 words
  • Page 48 Advertisements
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      625 48 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 1 Poshgrove East I Apt 28/11/2008 FH T238 1015 820~ NON-LANDED Sunshine Regency Apt 24/11/2008 FH 893 613 686 OneShenton Apt 26/11/2008 99
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      66 50 ■gjt. eBr\ w V BE-- -at^^y SPc t INITIATION INTO THE ART OF TIME PINK GOLD WATCH WITH CENTRE SECONDS AND DATE DISPLAY, EXCLUSIVE SELFWINDING AUDEMARS PIGUET MOVEMENT. ALSO AVAILABLE IN WHITE GOLD. For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com Published and printed by Singapore Press Holdings Limited. Co. Regn.
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