The Business Times, 27 December 2008

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 48
1 48 The Business Times
  • 15 1 weekend THE BUSINESS TIMES DEC27-28, 2008 ssi.oo mm AN SPH PUBLICATION MICA (P) 198/08/2008 www.businesstimes.com.sg
    15 words
  • 774 1  -  Nisha Ramchandani The Louis Vuittons and Ghanels in no mood to scale back expansion plans By nishar@sph.com.sh Singapore RECESSION or not, high-end retail brands such as Chanel and Louis Vuitton are still going ahead with plans to launch new stores and expand existing ones. And
    JftUMHINE IHM  -  774 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 167 1 THE RAFFLES CONVERSATION I OBITUARY AM D REAL ESTATE OCBCCHIEF p Harold Pinter, the most influential Don't be in a hurry DAVID CONNER 6-7 tjQjf^ f\, dramatist of hisgenu Ii i to reinstate DPS |35 MANUFACTURING CRUNCH Factory output slides 7.5% Despite a double-digit rebound in the biomedical sector, November's
      167 words

  • TOP STORIES
    • MARKETS
      • 44 2 KL COMP 867.35 -2.27 NIKKEI 225 8,739.52 +140.02 HANG SENG Closed SET 446.62 +1.98 JAKARTA 1,340.89 +4.28 MANILA Closed KOSPI 1,117.86 -10.65 SHENZHEN B 269.42 +0.95 MUMBAI IND 9,328.92 -239.80 llnm EDT Chnngrp 11 am EDT Change DOW 8,507.98 +39.50 NASDAQ 1,523.92 -0.98
        44 words
      • 29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 6,51 HONG KONG 5,00 INDONESIA 16,129 TAIWAN 6,316 JAPAN 1,675 KOREA 9,33 BRITAIN 2^oo US 3,25 CANADA 3,50 SWITZERLAND 2,02 INDIA 13,00 Source:
        ;.- Bloomberg '  -  29 words
      • 45 2 us$ 2$ us$; 1.445 ;us$/ 1.477 2.135 EURO. :us$/ 1.406 2.031 Foreign currencies in US$, S$ YEN 90.50 62.70 RM 3.483 2.410 HK$ 7.750 5.364 BAHT 34.99 24.22 RUPIAH 11,100 7,683 RENMINBI 6.841 4.735 INDIAN RUPEE 48.18 33.34 A$ 1.462 1.012 NZ$ 1.736 1.201
        45 words
    • 516 2  -  Teh Shi Ning Economists had been expecting a 15% decline though By tshining@sph.com.sg Singapore DESPITE a double-digit rebound in the biomedical sector, November's manufacturing output fell 7.5 per cent from a year back, according to data released by the Economic Development Board yesterday.
      BLOOMBERG  -  516 words
    • 733 3  -  Uma Shankari Retailers likely to be cautious in expansion, rents may undergo corrections to reflect the gloomy outlook By shankari@sph.com.sg Singapore RENTS for prime retail space in Orchard Road could fall by as much as 13 per cent in 2009, while rentals at
      URA.DBSVickers  -  733 words
    • 635 3 Bloomberg New York DAYS from receiving its first instalment of at least US$9.4 billion in US aid, General Motors (GM) won another victory with the Federal Reserve's approval of lender GMAC LLC's bid to become a bank holding company. GMAC's shift
      Bloomberg; AP  -  635 words
    • 615 4  -  Anthony Rowley Industrial output plunged by record 8.1% in November, jobless rate rose to 3.9% By btworld@sph.com.sg Tokyo THE year is drawing to a grim close for Japan, with industrial production crashing by a record 8.1 per cent in November and forecast to
      AFP  -  615 words
    • 675 4 Bloomberg Los Angeles lUST US$5 million of work is needed to complete a new California Court of Appeals building in Santa Ana. The state may not have the money; and come luly, judges may be writing opinions in their living rooms. "I've been
      Bloomberg  -  675 words
    • 1197 5  -  Andrew Marks The wrenching events of 2008 have changed forever the way investors look at stocks By btworld@sph.com.sg New York AS the US stock market limps through the final days of a year so disastrous that it will perhaps reverberate for decades to come,
      AP  -  1,197 words
  • Page 2 Miscellaneous
    • 74 2 NEWS LIVING Top stories 2-5 Dining L 2-6 Raffles Conversation 6,7 Entertaining L 7 Week In Review 8 Shopping L 8,9 The CEO Column 9 Home Garden UO,TT Companies 10-14 Travel 1.12,13 Singapore 15-17 I j Letter From Abroad 18 World T9-22 Perspective 28-29 Stocks stats 23-27 Weekend With LI
      74 words



  • Page 5 Advertisements
    • 158 5 JEWELLERY AUCTION Over 5 Million Dollar Jewellery Inventory 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. OVER 500 LOTS imk J*. j|W Mm. Wm\ jjfT Necklace-Dia. 74.07ct Centre Dia. 2.06ct. GIA
      158 words

  • THE RAFFLES CONVERSATION
    • 2675 6  -  Conrad Tan From what makes him tick to what makes a bank work, OCBC Bank chief executive David Conner doesn't refrain from speaking his mind. By DAVID Conner is friendly, if serious. He takes pains to make his meaning clear, speaking with careful precision and often pausing in
      ARTHUR LEE  -  2,675 words
  • Page 6 Advertisements
    • 81 6 The Raffles Conversation is brought T~"v {~T~^\ to you through a special tF s~\ I I I/Z\o arrangement with Raffles Hotels J\-^l3 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
      81 words

  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • 65 7 AT least 1,000 projected new apartment units can be expected to be withdrawn from immediate supply in Singapore's property market, as properties that were sold en bloc in recent years are put back on the market for rental. The latest of these is
        65 words
      • 67 7 AS 2008 draws to a close, banks here are bracing for what may be the toughest year for the industry since at least the Asian financial crisis. Having suffered heavy losses from soured investments and volatile markets this year, they expect 2009 to be
        67 words
      • 81 7 IF a US$l7 billion last-minute bailout for GM and Chrysler, a historic interest rate cut and the US Federal Reserve's efforts to stave off a severe recession can't produce a sustainable rally, what are the chances that a jolly fat
        81 words
      • 59 7 PREPARING for tougher times ahead, DBS Group on Monday launched a $4 billion rights issue priced at a steep discount to boost its balance sheet and pursue organic growth. Already, the bank expects fourth-quarter net profit to drop from the previous quarter, and
        59 words
      • 64 7 THE industrial property sector, which had grown at a steady pace for most of 2008, is unlikely to escape the economic downturn that has hit its residential and office counterparts. As manufacturing activity dips and relocations from offices slow, some property consultants believe that
        64 words
      • 59 7 FAIRLY resilient in the downturn so far, accounting firms are moving from growth to survival mode in the face of pressure on fees, among other challenges. But even as audit demand cools with the declining economy, other albeit much smaller- business segments such
        59 words
      • 71 7 JAPANESE Prime Minister Taro Aso's Cabinet on Wednesday approved a record 88.55 trillion yen (Ssl.4 trillion) budget for fiscal 2009 to deal with what has been called a far more rapid and severe downturn than expected in the economy. The spending will blow a
        71 words
      • 78 7 Big and getting bigger and bigger THE only thing one could be certain about these days is that this American economy is continuing to plunge just as both the departing and arriving presidents are adding billions no, change that to "trillions" of US dollars to bring it back to life,
        78 words
      • 84 7 TOYOTA Motor Corp president Katsuaki Watanabe may be replaced next year by Akio Toyoda, grandson of the company's founder, after forecasting the first loss in 71 years. Mr Watanabe intends to take responsibility for Toyota's operating loss forecast of 150 billion yen (552.4
        AP  -  84 words
      • 66 7 AT around 4am on Monday, a prominent hedge fund manager who apparently had lost US$l.4 billion with Bernard L Madoff telephoned a longtime client in Paris, sounding upset. A little more than 24 hours later, R Thierry Magon de la Villehuchet was found dead
        66 words
  • Page 7 Miscellaneous
    • 385 7 CRYPTIC CROSSWORD across h 2 ~~[3 —J4 IK Is Z la Edinburgh (8) I Pub not properly clean _^L 6 Strange thin notice in its ve^ sticky 8) club (9) 5 Father pinching female is 9 Bn V f frustrated (6) J M L 17 Keep drop of plonk on
      385 words
    • 91 7 NEXT WEEK Dec 29-Jan 2 US DATA Dec 29 Chicago Purchasing Managers Index for Nov Dec 30 Dec consumer confidence Jan 2 Dec ISM Index SINGAPORE DATA Dec 30 Producer and international trade price indices for Nov (Singapore Manufactured Products Price Index, Import Price Index, Export Price Index and Domestic
      91 words

  • FROM THE DESK OF
    • 967 8  -  Chris Fossick The current downturn bears little resemblance to those of 1998 and 2001 Singapore is now better positioned to manage this global slowdown. And, more importantly, to come out of it faster and stronger. FROM THE DESK OF Managing director, head of SE Asia,
      967 words

  • COMPANIES
    • 487 9  -  Conrad Tan Recovery in equity markets likely only late next year or in 2010: poll By conradt@sph.com.sg Singapore MAJOR fund managers in Singapore are bracing themselves for a possible deep and protracted global recession although they expect that Asia will emerge stronger from
      REUTERS  -  487 words
    • 522 9  -  Jamie Lee By leejamie@sph.com.sg Singapore TWO senior executives of Advance Modules Group whose sales record of US$l4.4 million was recently found by auditors to be fake are leaving the firm. Advance Modules said yesterday that acting chief executive Wong Chok Mee has "decided
      522 words
    • 669 10 Leadership renewal at Keppel can more be done? CORPORATE FOCUS| Group-think may be a latent worry, given that key posts are held by people from the same generation, says VINCENT WEE THIS week's senior management changes at conglomerate Keppel Corp raise some interesting questions in terms of corporate governance and
      FILE PHOTO  -  669 words
    • Business briefing
      • 70 10 TT INTERNATIONAL said yesterday that CEO Sng Sze Hiang and executive director Tong Jia Pi Julia have filed applications to have them placed in bankruptcy and for statutory protection through a proposed voluntary arrangement in respect of their personal liabilities. The two executives had
        70 words
      • 40 10 Reuters KS Energy Services has appointed Wong Soon Yin its chief financial officer. Mr Wong will replace Leong Kok Ho who left the firm yesterday to pursue personal interests, KS Energy said in a statement.
        Reuters  -  40 words
      • 71 10 ASIA Pacific Breweries (APB) has increased its stake in Thai Asia Pacific Brewery Co Ltd and TAP Trading Co Ltd from 35 per cent to 36.84 per cent through the purchase of shares representing 1.84 per cent ofthe share capital of each ofthe companies
        71 words
    • 596 11  -  R Sivanithy correspondent STOCKS| Window-dressing hopes keep Straits Times Index from tanking for most of the day sivan@sph.com.sg Senior correspondent THERE wasn't much in the way of good news this week to lift the spirits of battered investors. In fact, news
      596 words
    • 116 11 VOL CLOSE 35,704 0.0 0.( CtraitsAsia 15,571 77.5 2.0 2.6 Cent Intl 10,358 45 1.5 3.4 Ezion 9,349 19 -0.5 -2.6 Joble Gl 8,146 99.5 -1.5 -1.1 Ind 6,606 8.5 1.5 21.4 lidas 5,715 50 0.0 0.0 Colden 5,668 23 0.0 0.0 'ins Li 5,452 32.5 2.5
      116 words
    • 49 11 CLOSE UP iLD 10US$ 8350 135.7 1.' IMH 1880 112.6 4.C JSH 972 14.4 l.l ireat Eastern 909 n.o l.C IS MSCI India 100 347 10.2/ \nwellTech 22 7.0 46/ ire Land 360 7.0 2.1 CerebosPac 300 6.0 2.1 Creative Tech 426 6.0 i.. )UE 1192 6.0
      49 words
    • 53 11 CLOSEDOWN JOB 1212 -36.0 -2.' tor India NifD 10 859 -25.0 -2.! )CBCcap 5.r%NCPS roo 8580 -20.0 -0.C Jardine C&C 961 -19.0 -1.' )CBC Bk 5.1%NCPS 100 8988 -12.0 -0.' IK Land 245 -11.6 -3.C IBS Bk6% NCPS 10 9500 -10.0 -o.)CBC Bk 495 -10.0 -2.1 ■yxorCmdty 10US$
      53 words
    • 93 11 apitaLand 3.020 -0.050 1.600 +0.010 :if 'Dev 6.280 ]osco Con 0.970 +0.015 IBS Grp 9.250 :&N 2.860 -0.060 lent Intl 0.450 +0.015 iolden 0.230 IK Land 2.450 -0.080 IMH 18.800 +0.780 ISH 9.720 +0.100 lardine C&C 9.610 -0.190 lei Con 4.200 Land 1.620 -0.010 loble Grp 0.995 -0.015
      93 words
    • 224 11 Singapore STAMFORD Land Corp's A5101.5 million (*****.6 million) loan and guarantee facility from the Australia and New Zealand Banking Group (ANZ) has been extended for one year. The facility was originally due to mature on Dec 31, 2008, Stamford said in a statement yesterday.
      224 words
    • 432 12  -  Nisha Ramchandani $16.2m purchase adds to $1.36m paid for raising Chongqing driving school stake to 90% as it steps up presence in foreign markets By nishar@sph.cotn.sg Singapore COMFORTDELGRO Corporation is increasing its presence in China by investing $16.2 million in a Beijing-based taxi operator, Jia
      FILE PHOTO  -  432 words
    • 740 12 Bloomberg Hong Kong US banks including Citigroup Inc, Goldman Sachs Group Inc and Morgan Stanley may sell government-guaranteed bonds in Asia next year, tapping growing demand for the region's local-currency debt to bolster their balance sheets. US financial institutions sold more than US$lOO
      Bloomberg  -  740 words
    • 836 13 Reuters Its network arm could be forcibly separated to provide platform for network Wellington AUSTRALIA'S largest phone company, Telstra Corp, could face hefty regulation if the government goes through with a threat to bypass the company in building a US$6.9 billion national broadband
      Reuters; BLOOMBERG  -  836 words

  • Page 10 Advertisements
    • 20 10 Head to CATS FASTADS in The New Paper for beauty haircare services! *.A i BUY IT-SELL IT-FIND IT S 3
      20 words
    • 465 10 W^fE9 MATH g!^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ENG HUAT LAM KEE HARDWARE PTE. LTD. [In Members' Voluntary Liquidation] Company Reg. No. *****1177C At an Extraordinary General Meeting of the members of Eng Huat Lam Kee Hardware PTE. LTD. duly convened and held at 6001
      465 words



  • Page 13 Advertisements
    • 165 13 I*^ EPSON EXCEED YOUR VISION for daily Sun Tzu's Art of War quotes I 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
      165 words

  • SINGAPORE
    • 790 14  -  Arthur Sim With advance figures due for release next Friday, some analysts say GDP will be lower than the projected figures By simska@sph.com.sg EXPECT fourth quarter 2008 gross domestic product to be lower than projected with some analysts believing it could shrink by
      790 words
    • 310 14 It can store up to a maximum value of $500 five times the value of current cards FROM next Monday, commuters will be able to purchase and use the new CEPAS-compliant ez-link cards, which can be identified by the new face design and CEPAS
      310 words
    • 624 15  -  Keith Chee Lawyers suggest there could be grounds for retailers to sue for loss of business and affected passengers could also claim compensation By keithc@sph.com.sg IT has been a dismal first Christmas for the world's largest observation wheel and any festive cheer
      YEN MENG JIIN  -  624 words
    • 474 16  -  Chen Huifen Asia Capital Re sees bigger business from hard-hit direct insurers that need to maintain capital adequacy By xuifen@sph.com.sg THE onslaught of the global financial crisis is bound to have an impact on the reinsurance sector, but it is expected to be
      474 words
    • 461 16  -  Victor Katheyas By victorpk@sph.com.sg IN a telling sign of the times, the latest Singapore Tourism Board (STB) data indicate that visitor arrivals in November had dropped 9.7 per cent to 760,000 from 842,000 a year ago. STB attributed the decline in visitor arrivals, which
      461 words
    • 311 16  -  Arthur Lee By arthurl@sph.com.sg IT was touted as a "traffic stopping sale" and it did just that. Traffic was bumper to bumper yesterday afternoon starting from part of the CTE tunnel leading to the Cairnhill exit. Getting to Centrepoint from that point took almost
      ARTHUR LEE  -  311 words
  • Page 14 Advertisements
    • 23 14 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES
      23 words



  • LETTER FROM ABROAD
    • 626 17  -  Serene Chan LETTER FROM HONG KONG Director of marketing and business development (HK), Heart Media I MOVED to Hong Kong at the end of July this year, right in the middle ofthe hottest summer. Amid a dense population of about seven million, the experience
      626 words

  • WORLD
    • 718 18 Reuters Off-beat tales show that people have kept a sense of humour in 2008 Berlin WHETHER smashing plates in San Diego to relieve frustration or drinking "Bailout Bitter" beer in Canada sold as a "bitter ale for bitter times", people the world
      Reuters; REUTERS  -  718 words
    • 241 18 Bloomberg Jakarta INDONESIAN investment company PT Bakrie Brothers said that it will control 70 per cent of a joint venture that will own 21.4 per cent ofthe South-east Asian nation's biggest coal miner PT Bumi Resources. Northstar Equity Partners, the Indonesian
      Bloomberg  -  241 words
    • 310 18 Bloomberg Bangkok THAI Prime Minister Abhisit Vejjajiva said the government will spend 300 billion baht (5512.5 billion), or about 3 per cent of gross domestic product (GDP), to help counter a slump in the country's economy. "The spending should start around March or April," Mr
      Bloomberg  -  310 words
    • 533 19 NYT Hundreds of thousands required to pass qualification tests as regulators move to upgrade banking services Beijing LI Wuchen is 33 years old and has worked as a stock broker for three years, but he looked as nervous as a high school student
      NYT  -  533 words
    • 190 19 Reuters Hanoi VIETNAM has signed a free trade deal with Japan that will exempt nearly all taxes levied on each other's goods over the next decade, the Vietnamese government said yesterday. Following the economic partnership agreement signed on Thursday, Japan would exempt 95 per cent
      Reuters  -  190 words
    • 235 19 Bloomberg Tokyo JAPAN Airlines Corp and All Nippon Airways Co (ANA) cancelled flights between Japan's northern islands of Hokkaido and Honshu as snow storms swept across the country, prompting warnings of avalanches and gales. Japan Airlines cancelled 78 flights, leaving more than 11,000 people stranded,
      Bloomberg; BLOOMBERG  -  235 words
    • 438 20 Bloomberg New group to challenge Samsung as the world's biggest memory chipmaker Tokyo ELPIDA Memory, Japan's compu-ter-memory chipmaker, has begun merger talks with Powerchip Semiconductor and two other Taiwanese semiconductor companies to counter a glut that is widening industry losses. "Ideally, the
      Bloomberg  -  438 words
    • 462 20 Reuters, AP, AFP, Bloomberg New Delhi INDIAN Prime Minister Manmohan Singh met military chiefs yesterday and Pakistan cancelled army leave and moved some troops from its western border despite both sides playing down the threat of war over the Mumbai attacks. With tension rising sharply
      Reuters, AP, AFP, Bloomberg; AFP  -  462 words
    • 282 20 AFP Beijing THE former head of the Chinese firm at the centre of the tainted milk scandal, who will stand trial next week, could face the death penalty if convicted, a lawyer said yesterday. The trial of Tian Wenhua, previously the chairwoman of Sanlu
      AFP  -  282 words
    • 605 21 NYT The 2005 Nobel Prize winner learnt that he had cancer of the oesophagus in late 2001 London HAROLD Pinter, the British playwright whose gifts for finding the ominous in the everyday and the noise within silence made him the most influential and imitated dramatist
      NYT  -  605 words
    • 130 21 Xinhua Beijing THE China University Alumni Association released on Thursday a list of universities where the richest Chinese graduated. Peking University topped the list with 35 billionaire alumni. Nearly 30 per cent of a total of 1,500 billionaires who had been on China's four most credible rich
      Xinhua  -  130 words
    • 476 21 AFP Washington EARTHA Kitt, the versatile American singer and actress who died on Thursday at 81, mesmerised audiences worldwide for over six decades with her sultry voice and sensuality on stage and screen. Kitt, whose outspokenness was a mainstay of her career but also led to
      AFP; AP  -  476 words

  • Page 19 Advertisements
    • 89 19 If 1 Dimensions: (W) 800mm x (H) 1798mm x (D) 694mm Gross Capacity: 593L Features include LED Sunlight (Vitamin Factory), Automatic Ice Maker, Soft Freezing, Anti-bacterial Deodoriser Non-CFC Refrigerant In deep stainless colour FREE delivery LJL MITSUBISHI AWmX electric Changes for the Better HOW TO ZAP: Download software by SMS-ing
      89 words



  • SGX
    • 8566 22 SZ-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld C'vr Net P/E M Cap Smil 2 3 3148 8Telecom 7 3 5834 A-Sonic 10 100 6389 ABFSG Bond ETF 10.5 12 5000 ABR Hldgs 9 6
      8,566 words
    • 1494 25 SZ-wks Tel High Low Code Company Last Sale Vol ('000) Day High Low Last Quote Buyer Seller Div C'vr GrYld Net P/E M Cap Smil !0 5 1181 s AAGrp 52 16 8538 s APStrategic i.5 1 1501 s Advanced System S8 12.5 3518 s Afor !5.5 2.7
      1,494 words
    • 94 25 Up Down Unch 4 5 6 Up Down Unch 0 0 0 Up Down Unch 4 5 6 lulti Ind lanufacturini 38 29 49 45 32 56 Eommerce 16 12 19 18 13 /Stor/ /Comms 10 14 10 :inance 10 15 10 15 Eonst ruction ■rot 10
      94 words
    • 257 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 sonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co
      257 words
    • 814 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 22 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ Before ('000) After (TOO) itock rat Hong Hldgs 24-Dec-08 Chwee Cheng Sons \sia-Pacific Strategic 24-Dec-08 The Nassim Fund Jan Joo Co 23-Dec-08 Lam
      814 words
    • MARKETS
      • STOCK MARKETS
        • 3 26
          3 words
        • 3 26
          3 words
        • 4 26
          4 words
        • 368 26 In local curr In S$ In US$ %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change Dec 25 World Index Preliminai 653.2 0.1 -42.3 0.1 -43.8 0.1 -44.0 tEAFE Preliminai 629.4 0.3 -43.8 0.3 -46.3 0.3 -46.5 Euroi Preliminai 882.0 0.0
          368 words
        • 4 26
          4 words
        • Article, Illustration
          2 26
          2 words
        • 64 26 Dec 23| IOCOA (£/tonne) Close Prev Hi, ILow Mar 09 1832 1765 1840/1764 May 09 1818 1752 1820/1749 JulO9 1823 1755 1824/1751 SepO9 1793 1739 1793/1755 COFFEE (US$/tonne) Close Pev High/Low Ian 09 1790 1795 1840/1770 SUGAR (US tonne) White Close Prev High/Low Mar 09 307.8 308.3 311.6/306.5 May
          64 words
        • 104 26 Dec 24|| SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low Jan 09 915.75 901.00 917.50 896.75 Mar 09 919.00 905.00 920.25 900.50 May 09 930.00 916.00 931.00 913.50 Jul 09 941.00 927.00 942.25 922.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low Jan 09 31.31 31.21 31.59
          104 words
        • 76 26 Dec 24|| :rude ISS/barrel (FOB origin) Close Change Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) 'apis blend /linas 37.23 -1.93 35.71 -3.39 37.11 -2.01 40.03 -1.97 35.53 -1.97 •RODUCT ISS/barrel (FOB Spore) Close Change \l aphtha let Kerosene 31.00 0.45 56.50 -1.10 JSS/barrel )pec Oil Basket
          76 words
        • 75 26 uec 26| GOLD (US$/oz) Dec 24 Dec 26 Hong Kong 840.00 CLSG 841.00 CLSG Dec 23 Dec 25 London 839.20 844.00 841.20 848.00 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 15.14 14.91 Source: UOB PLATINUM Lon (US$/oz) Dec 23 Close Previous PM Fix 851.00 858.00 AM Fix
          75 words
        • 149 26 Dec 2^ Against S$ :urrencies Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 0.9869 0.9891 Against USS Bid Offer 0.6837 0.6840 :anadian dollar 1.1863 1.1890 0.8218 0.8222 Euro 2.0291 2.0335 1.4057 1.4062 NZ dollar 0.8313 0.8337 0.5759 0.5765 jterlini 2.1325 2.1368 1.4773 1.477i US
          149 words
        • 64 26 Dec2q KLCE PALM FUTURES (RM/MT) Deliver/ Opening Sett Av Month Range Price Price Hi, Low Vol Open Done Position Jan 09 1570 Feb 09 1560 Mar 09 1562 Apr 09 1564 Total o/p:***** contracts 1595 1595 1565 1591 1593 1560 1590 1596 1562 1590 1594 1564 Turnover: 7621
          64 words
        • 67 26 Dec 24f tluminium, 99.7% mrity (US$/tonne) Nickel ;us$/tonne; Close Previous Close Previous Cash 3 months Tin (US$/tonne; 9516.00 9625.00 9641.01 9750.01 :ash 1 months 1503.50 1537.00 1526.50 1560.00 :opper, Grade A ;us$/tonne) lash J months Cash 3 months *****.00 *****.01 9855.00 9950.01 2809.50 2845.00 2835.00 2870.00 Zinc, Special
          67 words
  • Page 22 Advertisements
    • 55 22 *^s*,-^*~„ i (PP^^. Le maitre de I'hoflpgerie depuis 1875 ;>- jP.jjg^*^erft \ti& "^^^tf£f "fil^fc^fe' WHERE EXTREMES MEET \t" "^^jl'"-7 < Jj4y *Zffit!*~"~'s§£^ 3ilM£^ Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED S"s^^r^r=WA "v tV^gS^gqM •^-'3^ 4l River Valley Road *u1"01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 -^Jh^
      55 words





  • PERSPECTIVE
    • 2739 27  -  Mark Landler NYT The US failed to recognise that borrowing from abroad for consumption and deficit spending at home is not a formula for economic success By "Usually it's the rich country lending to the poor. This time, it's the poor country lending
      NYT; BLOOMBERG  -  2,739 words

  • Wealth
    • WEALTH INVESTING
      • 945 28  -  Michael R Sesit Bloomberg Panicked investors' retreat from other markets may be creating a bubble in US government bonds By ago. The flight to US Treasuries is an Armageddon trade. It reflects investors' panicked attempts to seek safety amid plummeting stock markets, collapsing property values and more
        Bloomberg; ADELLLE PAYNE/STOCK.XCHNG  -  945 words
      • 674 28  -  Jamie Lee Sembcorp Marine Hold Kim Eng Research Dec 26 Close: 551.66 SEMBCORP Marine (SMM) announced that it has reached agreement with BNP Paribas for a full and final amicable settlement of their original claim of US$5O.7 million arising from the forex derivatives transaction losses that stemmed from
        674 words
      • 1236 29  - Buy, hold regret? Sani Hamid WEALTH INSIGHTS The buy-and-hold strategy is not defunct. Other strategies such as diversification, portfolio rebalancing, dollar-cost averaging and capital preservation should be used with it Director, wealth management (economy strategy) Financial Alliance AS 2008 comes to an end, the year will be seen as one
        AFP  -  1,236 words
      • 1525 30  -  Teh Hooi Ling SHOW ME THE MONEY There may not be as much money going around, but it doesn't necessarily mean less happiness hooiling@sph.com.sg Senior correspondent f TTACHMENT m M^^ is the origin, /^A the root, the g cause of suffermB>" S;l'<-' the g
        1,525 words
    • WEALTH REAL ESTATE
      • 583 31 Bernama Analysts expect a slowdown but no major correction as there is still room to grow Kuala Lumpur THE Malaysian property market, which is expected to enter the down cycle next year, will still be resilient enough to survive the onslaught of a softening
        Bernama; NSTP FILE PHOTO  -  583 words
      • 1308 32  -  Kalpana Rashiwala Uncertainty in the market being caused now by the scheme should not be treated lightly. By THE deferred payment scheme (DPS) was scrapped over a year ago but it has left a lingering uncertainty in the market that may not
        STOCK.XCHNG  -  1,308 words



  • Page 31 Advertisements
    • 200 31 I k"M nTTTT^aNwaarlHr^l^HwSl^WnSßW PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF I 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 3 Sanctuary Green Apt 09/12/2008 99 1281 840 656 NON-LANDED TheEsta Apt 09/12/2008 FH 1130 832 736 Queens Apt
      200 words


  • Page 33 Advertisements
    • 77 33 1 AUDEMARSPIGUET ,#|ll»fe^: Le maitre de I'horlogerie depuis 1875 >^v^ZZ ROYAL OAK OFFSHORE COLLECTION ?^^^Bh£"^^ ■Mm tV m^SP I 1 wj^ WHERE EXTREMES MEET TITANIUM CHRONOGRAPH WITH SMALL SECONDS AND DATE DISPLAY, SELFWINDING AUDEMARS PIGUET MOVEMENT. MJUI WATER-RESISTANT TO 100 METRES, also available in steel. For enquiries, Tel: (65) 6238
      77 words

  • Page 34 Miscellaneous
    • 95 34 A LOT MORE BITE Yes, you can eat well in London, and at reasonable prices too. We track down where the hot new restaurants are a* L*-a% ENTERTAINING 3gl V Chef Raymond Capaldi L 7 m tCT W m S&SI Er s^, 1 SHOPPING Et ~> New online site LB-9
      95 words

  • BT Living
    • DINING
      • 1352 35  -  Geoffrey Eu Forget the jokes about soggy fish and chips and mystery meat drowned in gravy. London's food scene has come a long way from its uninspiring past, and is silencing the critics. By the top restaurants are still doing well in london. a lot of
        1,352 words
      • Article, Illustration
        787 35 Mm Jiang Royal Garden Hotel 2-24 Kensington High Street London W8 4PT 52 020-7937-8000 www.minjiang.co.uk JUST to prove that a restaurant with Singapore roots can also be a significant presence in the high end food scene, the London branch of Chinese restaurant Mm Jiang has been garnering positive
        787 words
      • 1276 37  -  By Audrey Phoon Amanda de Guzman More fashion companies are establishing an F&B presence in Singapore, and doing a good job of it too. Jim Thompson: A Thai Restaurant 45 Minden Road Dempsey Hill S 6475-6088 AT Dempsey's newest restaurant, you can take home more than a
        1,276 words
    • ENTERTAINING
      • 1336 39  -  Audrey Phoon guest chef Who's afraid of molecular gastronomy? Not Scottish chef Raymond Capaldi. By FOR many home chefs, the term molecular gastronomy calls to mind a modern cuisine involving scary-looking machines with equally fearsome names (like "liquidiser" and "Gastrovac") that reduce ingredients to all manner of foams
        1,336 words
    • SHOPPING
      • 860 40  -  Cheah Ui-Hoon Want to know the best sales and promotions in town? Bargain hunters, all you have to do is to reach for your mouse. By WHEN it comes to hard-core shoppers, there is no such thing as "stop buying". Buying there will always be,
        860 words
      • 367 40  -  Christopher Lim INTERNET denizens generally don't give second chances to upstart websites that launch while still a little rough around the edges, hoping to get their act together on the move. So, while shopping deal website promeoh! www.promeoh.com shows potential, there are enough
        367 words
      • Article, Illustration
        767 40  -  Amanda de Guzman If you're more into luxury fashion brands, here are some of the more popular online shopping sites. By www.club2lshop.com MANY a Singaporean fashionista clicked with excitement on the newly launched online store of Club 21, the island's premier luxury fashion boutique. However, instead of finding
        767 words
    • HOME & GARDEN
      • 992 41  -  Geoffrey Eu personal space Rather than demolish a 70s-era bungalow, new owners YN Lai and Soh Eng Huey decided to give it a new lease of life. By SLEEK modernist lines characterise the brand new home that YN Lai and his family recently moved into off
        WARREN LIU; PHOTOS BY ARTHUR LEE  -  992 words
    • TRAVEL
      • 1404 42  -  Audrey Phoon If you have a yen for exploring the smaller cities and towns of Japan, look no further than charming Otaru along the west coast of Hokkaido. By AS dusk falls in Otaru, quaint lamps that line the unga (canal) running through the town's
        PHOTOS BY AUDREY PHOON 8< IVAN CHUA  -  1,404 words
    • WEEKEND WITH
      • 950 43  -  Cheah Ui-Hoon WEEKEND WITH Frank Starmer has been avidly photographing spiders for the past six years. And it all began when he met a spider named Natasha. By FRANK STARMER ASSOCIATE DEAN OF LEARNING TECHNOLOGIES, DUKE-NUS GRADUATE MEDICAL SCHOOL DURING the week, Frank Starmer puts together
        YEN MENG JIIN; BY FRANK STARMER  -  950 words
    • HEALTH
      • 1110 44  -  Cheah Ui-Hoon The success rate of quitters who do it alone is in the single digits, say doctors. By FROM lan 1, puffers will find that they have an even more limited space in which to light up as the non-smoking ban gets extended
        1,110 words
    • SPORT
      • 912 45  -  Lee U-Wen Correspondent leeuwen@sph.com.sg Correspondent THE past 12 months have been nothing short of breathtaking and chock-full of memories for the sporting world, and it would be hard to find someone who would disagree. The Beijing Olympics finally came along in August and captured
        912 words
    • GOLF
      • 1098 46  -  Justine Moss The 2008 edition of the year in golf had its fair share of memorable achievements and defining moments BT checks out a few and gazes into the crystal ball for what may be in store in 2009. By EVEN though Tiger Woods hasn't played
        1,098 words
    • MOTORING
      • 1361 47  -  Samuel Ee Nissan R35 GT-R MAX Ong, 35, is a businessman who already has a BMW M3 and a Porsche Boxster. But it is his latest acquisition, a Nissan R35 GT-R, that he loves best. An avid driver, he goes up to Malaysia's Sepang International Circuit regularly for
        1,361 words
      • 696 48 It is raw yet refined, stripped down but still so complete. Samuel Ec has no doubt about which is the most collectible car of the year T IS so hard-edged that it makes a regular F430 seem as soft as a a German luxury sedan. But make
        696 words



  • Page 38 Advertisements
    • 698 38 Wine^Cline withßTWeekend Pine Court Chinese Restaurant Joel Robuchon in Paris, Troisgros in Roanne Marina Mandarin Singapore Pan Pacific Singapore Level 35 Orchard Wing and Le Jardin dcs Sens in MontPellier.this 6 Raffles Boulevard, Marina Square Festive Party Packs Meritus Mandarin Singapore former right-hand man to the Michelin star Peach B
      698 words









  • Page 47 Advertisements
    • 32 47 m pjh Grip on to the high life Porsche Cayrnen "^^^^J,' _"l where dreams become REALITY z^p^tES h HeWAiEXANDfWShtOvVfIfiOM,THEALMCIEFt,J3/Alej(3rwirißoadJioi-isyi4;ivi6 TEL:*473m9 Qim-B ÜBI SHOWROOM, SI Übi Aye 2, AML Building, WO2-16/17/14 TEL: *****119
      32 words