The Business Times, 3 February 2009

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Microfilm: NL29654
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Tuesday, February 3,2009
    23 words
  • Article, Illustration
    Lock icon LONDON GETS THE CHILLS
    52 1 [LONDON] Members of The Household Cavalry Mounted Regiment riding along Constitution Hill during a snow flurry in London yesterday. Heavy snow brought much of London's transport to a halt yesterday with airport runways forced to close and all bus and many train services suspended. Report, Page
    REUTERS  -  52 words
  • Article
    Lock icon Some banks could still fail, Obama warns
    641 1 AP, Bloomberg US president pushing banks that are getting aid to lend more to business, consumers [WASHINGTON] A stark warning by Barack Obama is demonstrating that the new American president is far from being lulled by the efforts so far to rescue the
    AP, Bloomberg  -  641 words
  • Article
    Lock icon Property consultants fight fire with pay cuts
    670 1  -  KALPANA RASHIWALA By [SINGAPORE] Property consultants are feeling the pain, with at least two major players cutting salaries and others reining in costs by shuffling staff around or letting some employees work part-time. The wage cuts at CB Richard Ellis kicked in this
    670 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      46 1 lorn lay lange I COMP Closed IIKKEI 225 7,873.98 -120.07 IANG SENG 12,861.49 -416.72 LET INDEX 427.85 -9.84 JAKARTA COMP 1,310.64 -22.02 1ANILA COMP 1,833.57 +8.48 LEOULCOMP 1,146.92 -15.19 LHENZHENB 284.68 +0.67 IUMBAI IND 9,066.70 -357.54 11AM EST Change )OW 7,918.19 -82.67 IASDAQ 1,481.50 +5.08
      46 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.07 HONG KONG 5.00 INDONESIA 16.619 TAIWAN 6.316 JAPAN 1.475 KOREA 9.33 BRITAIN 1.50 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ per US$) 1.515 (US$/S$ per 1.428 2.164 :uro (USS/SS/E) 1.272 1.928 Foreign currency per US$ S$ 'EN 89.30 59.00 3.616 2.386 IK$ 7.756 5.118 !AHT 34.98 23.08 LUPIAH 11,650 7,688 LENMINBI 6.845 4.517 INDIAN RUPEE 48.99 32.33 1.583 1.045 IZ$ 1.987 1.311
      45 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      40 1 COMMENTARY I CHINA ECONOMY tTTf I SME INC I PROPERTY Airline stocks fly Booster shots after Growing in times Developers still want into more turbulence stimulus dose -^k of adversity demand-side measures PAGE 5 PAGE 2 PAGE 11 PAGE 3
      40 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      28 1 BUDGET 2009 The first in a special series of Views From The Top that deals with Budget 2009 topics. The focus today is on Saving Jobs PAGE 10
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  • TOP STORIES
    • Article, Illustration
      Lock icon China's booster shot after stimulus dose
      627 2 Bloomberg Wen stresses need to act before malaise spreads; sees positive signs in last quarter [BEIJING] China is considering additional measures beyond a four trillion yuan (SsBBs billion) spending plan to boost its economy. The measures have to be taken pre-emptively before an economic
      Bloomberg; 21 AFP  -  627 words
    • Article, Illustration
      Lock icon Heavy snow hits London, brings capital to a halt
      710 2 Reuters, Bloomberg, AP Economy could shed as much as £1.2b in lost sales [LONDON] Heavy snow disrupted air and rail travel in Europe yesterday, halting flights at London's main airport entirely and bringing traffic in the British capital almost to a
      Reuters, Bloomberg, AP; AFP  -  710 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Some banks could still fail, Obama warns
        73 2 A STARK warning by Barack Obama is demonstrating that the new American president is far from being lulled by the efforts so far to rescue the comatose US financial system. Some of America's troubled banks could still fail, he said in an NBC
        73 words
      • Article
        Lock icon Property consultants fight fire with pay cuts
        70 2 PROPERTY consultants are feeling the pain, with at least two major players cutting salaries and others reining in costs by shuffling staff around or letting some employees work part-time. The wage cuts at CB Richard Ellis kicked in this month, with Asia chairman
        70 words
      • Article
        Lock icon China's booster shot after stimulus dose
        61 2 CHINA is considering additional measures beyond a 4 trillion yuan spending plan to boost its economy. The measures have to be taken pre-emptively before an economic retreat sets in, said Premier Wen Jiabao in a newspaper interview. But he said that December had offered
        61 words
      • Article
        Lock icon Oil market takes baby steps forward
        92 2 THE oil market here is stirring to life again, going by recent January activity. But stability is still a long way off as it suffered sharp plunges in market volume in the final quarter of last year. Demand for gasoline from Indonesia and Australia
        92 words
      • Article
        Lock icon Sembcorp in Oman project funding talks
        75 2 SEMBCORP Industries is discussing with several financial institutions funding for the US$l billion-plus Salalah independent water and power project in Oman, for which it was recently named as the "preferred bidder" by the Omani authorities. Furthermore, the Singapore group is understood to be relooking
        75 words
      • Article
        Lock icon CIMB-GK keeping faith with Chartered
        84 2 TAKING a contrarian view, CIMB-GK has maintained its "outperform" call on the stock of Chartered Semiconductor following news of the chipmaker's US$ll4 million fourth-quarter net loss and its plans to cut its worldwide staff by about 600 workers or 8 per cent. CIMB analyst Jonathan
        84 words
      • Article
        Lock icon Fitch cuts M'sia local currency rating outlook
        53 2 FITCH Ratings lowered Malaysia's local currency rating outlook to negative from stable, blaming its high fiscal deficit and public debt and on expectations its fiscal position would worsen this year and next. The agency also affirmed the country's local currency rating at A-plus.
        53 words
      • Article
        Lock icon New home completions could come in below URA estimates
        90 2 THE number of new private homes completed in the next five years could come in 21 per cent lower than official estimates, a new report by DTZ says. Based on estimates released by the Urban Redevelopment Authority at end-2008, an average
        90 words
    • Article, Illustration
      Lock icon Developers still want demand-side measures
      471 3  -  UMA SHANKARI By [SINGAPORE] Developers are still hoping for demand-side government measures to boost the property market. When the government unveiled its 2009 Budget on Jan 22, it introduced supply-side measures aiming to prop up home prices by reducing the number of new homes on
      J LIANHE ZAOBAO  -  471 words
    • Article
      Lock icon Oil market takes baby steps forward
      567 3  -  RONNIE LIM Some of the gloom is going away but things are still in a flux, say observers By [SINGAPORE] The oil market here is stirring to life again, going by recent January activity. But stability is still a long way off as it
      567 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      254 2 B Master Program _*__<___■! I I J-L ly Chain Management Our Double Master Program in Logistics Supply Chain Management draws upon the extensive industry experience and leading research from The Logistics Institute Asia Pacific, a collaboration between the Georgia Institute of Technology and the National University of Singapore. Running for
      254 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      90 3 A child who shies away from A child who is eager to answer speaking up in class needs you to questions needs you to motivate her encourage him so that he such that her infectious enthusiasm overcomes his fears bit by bit and rubs off on her fellow classmates for
      90 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon SingTel, banks weigh down STI
      511 4  -  CONRAD TAN STOCKS Sluggish bank lending activity, marked-to-market losses, poor fee prospects and rising provisions worry analysts STOCKS here started the week and the new month on a sour note yesterday, as trading stayed thin on fears of more bad news to come this earnings
      Bloomberg  -  511 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      87 4 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 7 2 0 0 0 3 7 2 lanufacturing 18 63 36 19 69 40 Lommerce 13 19 16 20 'pt/Stor/Comms 11 13 11 13 :inance 24 24 Lonstruction 'roperties 23 23 lotels/Rsts iervices 11
      87 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      111 4 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 19.115 19.115 53.592 53.592 Manufacturing 144.592 5.919 150.511 111.181 171 111.351 Commerce 35.905 6.440 42.345 51.509 971 52.480 Tpt/Stor/Comms 74.614 351 74.965 155.866 14 155.880 Finance 30.384 30.384 214.658 214.658 Construction 4.647 412 5.059 295 19 314 Pro| )erties
      111 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 4 LapitaLand 2.380 -0.020 LapitaMal 1.510 -0.090 LityDev 5.510 -0.160 Iosco Corp 0.775 -0.015 IBS Grp 8.500 -0.320 :8.N 2.760 -0.120 Sent Intl 0.415 -0.020 iolden Agri 0.290 -0.020 IK Land 2.030 -0.110 IMH 19.940 4-0.120 ISH 10.300 4-0.140 lardine C8eC 10.620 -0.180 Ceppel Corp 4.050 Ceppel
      106 words
    • Article
      Lock icon BROKERS' TAKE
      253 4  -  CONRAD TAN Singapore Post Feb 2 close: 550.78 KIM ENG RESEARCH, Feb 2 REVENUE for Q3 FY2009 (the three months to end-December) rose by only 1.6 per cent y-o-y, a sign of the slowing economy. But net profit (down 0.5 per cent y-o-y, and down 2.3 per cent
      253 words
    • Article, Illustration
      Lock icon No immediate danger of market plunge
      227 4  -  KEN TAI, CHART POINT THE Straits Times Index broke past the psychological resistance at 1,800 when markets resumed trading after the Chinese New Year holidays. As the price spike was on rather thin volumes, the rebound was unsurprisingly short-lived in the absence of supporting
      Bloomberg  -  227 words
    • Article, Illustration
      Lock icon Euro slips as dealers bet on ECB rate cut
      471 4 -AFP CURRENCIES [LONDON] The euro dipped against the dollar yesterday as traders bet that the European Central Bank would cut interest rates later this week in a bid to boost ailing eurozone economies, analysts said. The dollar also won support as
      -AFP; AFP  -  471 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 4 Feb 2 VALUE CLOSE IT OB/OS -398.00+119. C IT CADI -*****.00 -120. IT 10-day MA -*****.00 -39.0' TSE ST Mid Cap 352.10 -4.6i TSE ST Small Cap 284.56 -4.4! TSE ST All Share 409.97 -8.9. TSE ST China Top 181.78 -3.2 TSE ST China 177.00 -3.1 IOB
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 4 VOLUME Golden Aqri 119,927,000 StraitsAsia 46,147,000 SingTel 41,796,000 IndoAqri 25,425,000 Gent Intl 20,396,000 CapitaLand 19,175,000 Noble Grp 19,093,000 Chart SemiCond 13,691,000 China Honqxinq 13,023,000 Celestial 11,938,000 VALUE(S) SingTel 110,160,247 DBS Grp 82,123,950 UOB 57,038,950 OCBC Bk 46,662,080 CapitaLand 45,806,500 StraitsAsia 44,183,905 Golden Aqri 35,729,970 Wilmar 34,539,436 Keppel
      56 words
    • Article
      Lock icon RISES
      91 4 IOB 5.05%NCPS 100 CLOSE UP 9440 28.0 0.3 ISH 1030 21.2 1.. IMH 1994 18.2 0.' itraits Trde 499 16.0 3.3 ilA 200 1100 14.0 1.3 IL Fin 222 7.0 3.3 168 6.0 3.7 LTEne 234 6.0 2.~ 'enture Co 414 5.0 1.2 IOIL 83 4.5 3.: BY PERCENTAGE
      91 words
    • Article
      Lock icon FALLS
      115 4 CLOSE DOWN 8964 -78.8 -0.6 LP 10US$ ICBCCai 5.1%NCPS 100 9020 -50.0 -O.e China H 10US$ 896 -39.4 -2.! IOB 1154 -34.0 -2.9 iBS Gr| 850 -32.0 -3.i lardine C&C 1062 -18.0 -1.7 IK Land 203 -16.7 -5.1 :it 551 -16.0 -2.! ICBC Bk 500 -15.0 -2.9 eine iTel
      115 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      86 4 Feb 2 CLOSE CHNG FR Jan 30 YR SSLOW R 2008/2009 S$ HIGH USS 1.5142 -0.32 1.5346 1.3457 Euro 1.9317 0.46 2.2064 1.8640 Pounds 2.1571 -0.19 2.8431 2.0512 0.9494 2.36 1.3251 0.9068 'en* 1.7025 -0.82 1.7278 1.2619 Rupiah* 0.***** 2.26 0.***** 0.***** Baht* 4.3275 -0.23 4.4299
      86 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      112 4 i^^^^»^ "111 Qfj'N iriVIAUKi: T VOL/VTI 1.1 TY I y'J UUi\ i\'J //\l I l/\vji; The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have
      112 words
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  • COMPANY NEWS
    • Article
      Lock icon Sembcorp in Oman project funding talks
      423 5  -  RONNIE LIM It's also understood to be reviewing costings of US$l b water and power project By SEMBCORP Industries is discussing with several financial institutions funding for the US$l billion-plus Salalah independent water and power project (IWPP) in Oman, for which it was recently
      423 words
    • Article, Illustration
      Lock icon Airline stocks flying into more turbulence
      623 5  -  YEN SREENIVASAN THE value of airline stocks has halved in the past year as the industry grappled with its worst slump in five years. And with demand continuing to slide amid the economic downturn, there seems little hope of nearterm recovery. The Bloomberg global
      FILE PHOTO  -  623 words
    • Article
      Lock icon Moody's reviews Saizen for possible downgrade
      425 6  -  kalpana rashiwala Reit unlikely to achieve operating scale in its existing rating, says agency By MOODY'S Investors Service has put Saizen Reit's Baa 3 corporate family rating on review for possible downgrade. Kaven Tsang, a Moody's assistant vice-president/ analyst, said: "The review is prompted
      425 words
    • Article, Illustration
      Lock icon SIAEC reports 17.5% jump in Q3 net profit
      456 6  -  YEN SREENIVASAN But nine-month earnings are down 1.8%at5195.1m By DESPITE the gloomy trend in the aviation sector, SIA Engineering Company (SIAEC) has posted a 17.5 per cent surge in net profit for its third quarter ended Dec 31, 2008. The Singapore Airlines
      FILE PHOTO  -  456 words
    • Article
      Lock icon Moody's to review ratings for Singapore Reits
      303 6 Bloomberg MOODY'S Investor Service has said that it will review ratings for Singapore's real estate investment trusts (Reits) after downgrading the second-biggest Reit traded on the nation's exchange. "Those Singapore Reits with refinancing risks over the next 12 months and those with weak
      – Bloomberg  -  303 words
    • Article
      Lock icon Fastech says all creditors open to loan restructuring
      327 6  -  JAMIE LEE By ELECTRONICS manufacturer Fastech Synergy which has been negotiating with a creditor over a loan said yesterday all its creditors are "receptive" to its loan restructuring plan. The company had earlier said that it had agreed to restructure US$5.7 million
      327 words
    • Article
      Lock icon Olam buys Argentine peanut shelling firm
      254 6  -  EMILYN YAP The USs7m deal will help Olam build an integrated supply chain operation By AGRICULTURE supply chain manager Olam International has bought a peanut shelling and blanching company in Argentina for US$7 million, as part of plans to build a fully integrated peanut
      254 words
    • Article, Illustration
      Lock icon CIMB-GK still upbeat on Chartered shares
      468 8  -  OH BOON PING Its outperform call contrasts with other houses' more cautious outlook By TAKING a contrarian view, CIMB-GK has maintained its "outperform" call on the stock of Chartered Semiconductor following news of the chipmaker's US$ll4 million fourth-quarter net loss and its plans to
      BLOOMBERG  -  468 words
    • Article
      Lock icon Creative shuts Marina lifestyle concept store
      301 8  -  ONG BOON KIAT It now has 2 outlets, in Jurong East and Plaza Singapura By CREATIVE Technology has closed its downtown lifestyle concept store at the Marina Square mall. A notice indicating the closure has been seen on the shopfront, a shopper told BT.
      301 words
    • COMPANY BRIEFS
      • Article
        Lock icon Yeo Hiap Seng sees loss for Q4, full year
        66 8 YEO Hiap Seng expects to report a net loss for the fourth quarter and for the full year ended Dec 31, 2008. It said the fourth quarter will record a $5.9 million building revaluation loss, a net fair value loss of
        66 words
      • Article
        Lock icon Chosen's interim profit down 25.5%
        86 8 CHOSEN Holdings' net profit for the six months to Dec 31, 2008, fell 25.48 per cent year-on-year to $1.83 million. Revenue for the first half was down 20.59 per cent at $57.08 million. The lower revenue was the result of lower sales of printing and
        86 words
      • Article
        Lock icon SIA, Turkish Airlines in new codeshare deal
        70 8 A NEW codeshare agreement between Singapore Airlines and Turkish Airlines has been announced, giving SIA customers travelling between Singapore and Istanbul a choice of 10 flights a week from Feb 15. Customers from Singapore will also be able to connect on Turkish Airlines'
        70 words
      • Article
        Lock icon Exit offer for SP Chemicals extended
        70 8 THE closing date of the exit offer for SP Chemicals Ltd has been extended from Feb 3 to Feb 6. The offeror, SP Chemicals Holdings Ltd, said as at yesterday, the total number of shares owned, controlled or agreed to be acquired by it
        70 words
      • Article
        Lock icon Hour Glass issues Q3 profit warning
        56 8 THE Hour Glass warned yesterday it will incur a net loss for the third quarter ended Dec 31, 2008. This is due to a chargeable impairment loss of about $14.1 million on its investment securities. The group, however, expects to remain profitable for the
        56 words
    • Article, Illustration
      Lock icon PCCW shares suspended on activist's claim
      455 8 Reuters [HONG KONG] Trading in PCCW shares was suspended yesterday after a shareholder activist reported to regulators an alleged scheme to offer shares of the telecoms firm to insurance agents as a reward for supporting its buyout offer. PCCW said in a statement that
      Reuters  -  455 words
    • Article
      Lock icon PRIME LENDING RATES
      402 8 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of
      402 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      236 5 rik HS HI iJ w!M Rv' 'i HSERVCORP I til I Celebrate the Lunar New Year with a fine selection of Mm cuisine, JP*^ specially prepared by award-winning chefs from Fuzhou. Bask in VVfVfVfff^H www.serecoip.COm.sg the festive spirit with a delectable range of 6 menus starting from $58++* per person.
      236 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      451 6 A notice from SP Chemicals Holdings Ltd ("SPCHL") to all shareholders ("Shareholders") of SP Chemicals Ltd. ("SPCL") DELISTING EXIT OFFER FOR SP CHEMICALS LTD. CLOSING DATE OF THE EXIT OFFER EXTENDED TO 5.30 P.M. ON 6 FEBRUARY 2009 (FRIDAY) The Exit Offer Price is 550.73 for each Offer Share. As
      451 words
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      Lock icon Page 6 Advertisements Column 2
      156 6 SAVE TAX M-_-T»^ w\^^ Our qualified professionals W/ml T9 !MMrTTl''Af^lHli-l_lfJinß ______§W*^^ can assist you with offshore H* _y^_i L.^____H_H__l__r'S!F's'lT§!r^^ Wm\Wi9 structures, shelf companies b__M -_-_3_ and incorporations in ALL iVP Mf MV/WJK WbX IF ZmMLx~^MyimWfmiW/ttlirimvtl/mrl/fJM jurisdictions including: J^7yf|j|rffiß L^S'^-K 1 BB BB 8988 _-i^-^n 7^T British Virgin Islands RMJJjMfI Kfl
      156 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      263 7 /K\x Market Express (S) Pte Ltd on the official opening of Air Market Logistics Centre ■^^^L-^i^^^H ij^__ B __J|^ HI BJ H Reaching New Heights In Service Excellence \£l Air Market Express (S) Pte Ltd is a global player in the expanding industry of air freight services. Since its humble
      263 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      273 8 Organized by: In Association with: Bfl j<jmj2fc A y^^x SINGAPORE J 3 fA- Jt I 1 INDIAN CHAMBER 4 R IBf I ftfl I /OF COMMERCE 4 If Ji|||r '^^UPs^° industry THj pr Members of the CAPEXIL Delegation include: S/N Company Products Liquid Printing Ink Reducer, Solvent based Bishal Paints
      273 words
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      Lock icon Page 8 Advertisements Column 2
      46 8 tjl) ry v X 3 FIND THE OMEsV^M" SOSTJHATFIT! .r-^^y Recruit the right people I l through CATS Recruit. f=*4" ]_3 i Call 1800 289 8822 or email T~~ l recruit@>sph.com.sg ✓-*J \y^y r^J to advertise. I t -H ci ma U(t —J O V/"\ RECRUIT
      46 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Deloitte is official partner of inaugural YOG in 2010
      548 9  -  LEE U-WEN It will provide consultancy services before and during the sporting event By ONE of the Big Four auditing firms, Deloitte Singapore, is stamping its mark on the local sporting scene in a big way. The company was unveiled yesterday
      MUGILAN RAJASEGERAN/THE STRAITS TIMES  -  548 words
    • Article
      Lock icon ABB to hire more oil and gas engineers
      227 9 POWER and automation technology company ABB Singapore intends to add to its 800 staff by hiring immediately 10 to 12 engineers for its floating production, storage and offloading (FPSO) vessel business. The company, which is part of the ABB Group headquartered in
      227 words
    • Article
      Lock icon Off-budget measures seen as likely
      516 9  -  LYNETTE KHOO Govt move to tap reserves gives room for further fix By THIS year's Budget has been hailed as a bold and innovative one that has addressed key issues, but off-budget measures are still likely to be doled out, the audience at PricewaterhouseCoopers' Budget
      516 words
    • Article, Illustration
      Lock icon S'porean to head MasterCard office here
      202 9 MASTERCARD Worldwide has appointed Julienne Loh vice-president and country manager for Singapore, making her the first Singaporean to head the office here. She will oversee all aspects of operations in Singapore and set the direction for achieving business targets here. Her responsibilities include forging
      202 words
    • Article
      Lock icon Opera serves Toshin with lawyers' letter
      309 9  -  NISHA RAMCHANDANI By OPERA Gallery has sent a lawyers' letter in response to its lease dispute with landlord Toshin Development, requesting that the premises be reopened by this Friday afternoon. Toshin is the management company for various specialty stores in Ngee Ann City, where
      309 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon New president and members for PEB
        90 9 THE professional engineers board (PEB) has elected Lav Joo Ming, deputy chief executive officer (building) at the Housing and Development Board, as its new president, the Ministry of National Development announced yesterday. The new 15-member board, which started its three-year term on Jan 1,
        90 words
      • Article
        Lock icon LTA awards 4 CTE works contracts
        68 9 THE Land Transport Authority (LTA) yesterday awarded four contracts as part of the project to widen the Central Expressway (CTE) from Bukit Timah Road to Yio Chu Kang Road to four continuous lanes to improve traffic flow. The first contract, which involves road widening
        68 words
    • Article
      Lock icon NTUC helps retrenched workers learn new skills
      376 9  -  HANNAH 001 By CHIN Heng Garments Factory has closed its production lines and laid off more than 600 workers. But those who have lost their jobs have been given substantial retrenchment packages plus help in finding new jobs through an NTUC initiative organised
      376 words
    • Article
      Lock icon Metro praised for lifting service levels
      199 9 RETAILER Metro yesterday announced a leap in sales and customer satisfaction after three years of lifting service levels through the Customer-Centric Initiative (CCI). CCI is a tripartite effort to raise standards of service. Assistance packages covering funding, skills training and qualifications are available. As
      199 words
    • Article
      Lock icon Faster F1 Grand Prix this year
      257 9 RACE promoter Singapore GP (SGP) yesterday elaborated on plans to improve the Marina Bay circuit for this year's Formula One race. After consulting the Federation Internationale de l'Automobile (FIA) and the racing teams, minor changes will be made to Turns 1,13 and 14 to
      257 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      287 9 The Only Address In Raffles Place You Need! One floor plate of 5,025 sq ft with private lift lobby Excellent functional layout Fully fitted layout with Managers' cabins, 1 Board Room and 2 Conference rooms 30 fully fitted workstations with LAN and telephone points Panoramic Marina Bay Singapore River view
      287 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon A unique initiative
      1388 10 TOPIC: SAVING JOBS What do you think of the proposal to give employers cash grants for each employee on their CPF payrolls? Will this measure have any impact on some companies' plans to lay off workers after the Chinese New Year break? This is the first in
      BLOOMBERG  -  1,388 words
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  • SME Inc
    • Article, Illustration
      Lock icon Growing in times of adversity
      715 11 Despite the slowdown in the second half of 2008, Gain City still posted growth for the full year, reports NISHA RAMCHANDANI HOME-GROWN electrical products outfit Gain City is focusing on managing costs and preserving its talent pool in today's tough times efforts that it believes
      715 words
    • Article
      Lock icon Small caps shed 4.5% in 2 weeks
      472 11  -  TEH HOOI LING By AFTER the feel-good factor generated by the inauguration of a new US president who talks a lot about change, stock markets globally have turned their attention back to stark reality the dismal state of the world economy. And there's
      472 words
    • Article, Illustration
      Lock icon Ocean's wave washing up on foreign shores
      688 11  -  THEODORA KEE By OCEAN Healthcare's business came to a standstill for almost two months in 2003. The Sars epidemic had dried up demand for its skincare products. And to make matters worse, one of its suppliers, Pan Pharmaceutical, was going through a problem
      688 words
    • Article, Illustration
      Lock icon With a little help from the Budget
      910 12 CHOO ENG CHUAN highlights eight ways in which SMEs can use Budget 2009 measures to get through the recession in good shape AMID an unprecedented global financial crisis and a possibly prolonged recession at home, virtually all companies, regardless of size or industry,
      STOCK.XCHNG  -  910 words
    • Article, Illustration
      Lock icon Charting new territory in steel cutting
      962 13 TECHNOLOGY INNOVATION Delta Optics blazes trail with diamond method involving ultrasonic vibration, reports TEH SHI NING CUTTING-edge research is what drives business at Delta Optics Technologies literally. The company's core expertise, cutting hardened steel directly using diamond-tipped machine tools, was first developed in 2002
      ARTHUR LEE  -  962 words
    • Article
      Lock icon Help available for technology innovation
      222 13 TECHNOLOGY can help businesses create new products, improve existing processes, find new ways to serve customers and develop new business models. SMEs, in particular, can benefit greatly from creative use of technology because of their small size and flexibility. Many SMEs have used this to
      222 words
    • Article
      Lock icon Great lifeline. Now get financiers on board, please
      1545 13 THIS WEEK'S TOPIC Tell us whether the Budget measures announced to help companies met your expectations. Do you think the Budget programmes are sufficient to help SMEs like yours continue with their operations and save jobs? Simon Tsai Managing director/CEO Kensteel Engineering
      1,545 words
  • Page 11 Advertisements
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      1008 11 Call 6-594 7593 now for the Payroll Specialist PAYDAY! Payroll Serve time to relax www.PayrollServe.com.sg w A MATS n., Tl ~~1 I INTHEMAnEROF IN THE MATTER OF „..I. NI_IEM^H EI°__ THE COMPANIES ACT (CAPSO) THE COMPANIES ACT (CAP 50) THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AND
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  • Page 12 Advertisements
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      28 12 J A*m\\\\\\r Iff J I I .A I r /_k 1 Organised by: Supported by: Partners: Supporting partners: The Business Times C JS. -m™ rson wi""* 4!iL„»_ j»_
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      29 13 SPRING Singapore Enabling Enterprise This is the second of a six-part series brought to you by Spring Singapore and the Business Times highlighting how SMEs are innovating through technology.
      29 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      77 13 Next week's topic 3 pP Pil^B fe Tell us: What do you think of the move 1 W&&*®&^ I to dip into Singapore's past reserves to iS^^^^Ml H I fund the $20'5 billion Bud 9et? \W^^g£k 5 Please email your comments, with your W P name,designation and company's name,to btclub@sph.com.sg.
      77 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Questions on the US stimulus plan
      1645 14 LAT-WP Do we really need to do this? Many, many economists from across the ideological spectrum say yes, although an increasingly vocal group of free-market thinkers say no. Those backing the plan say you have to look no further than the shrinking US job
      LAT-WP; AFP  -  1,645 words
    • Article, Illustration
      Lock icon Canberra expects drop in tax revenue, sees budget deficit
      326 14 Bloomberg [SYDNEY] Australia's tax revenue will be Aslls billion (Ssll2 billion) less than anticipated over the next four years, driving the nation's budget into its first deficit since 2001, Prime Minister Kevin Rudd said. "This is a collapse in government revenues,"
      – Bloomberg; REUTERS  -  326 words
    • Article
      Lock icon South Korea's Jan exports plunge
      487 14 Reuters Analysts expect central bank to cut rate next week [SEOUL] South Korean exports suffered their biggest ever drop in January, adding to a run of unsettling news yesterday and piling pressure on the central bank to cut interest rates again next week to shore
      – Reuters  -  487 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia exports plunge 20.6% in Dec
      501 15 Reuters, Bloomberg CPI rises at lower-than-expected 9.17% in January [JAKARTA] Indonesian exports dropped 20.6 per cent in December from a year ago, the fastest fall in seven years, data showed yesterday, highlighting the impact on the country of slowing global demand for key commodities
      Reuters, Bloomberg; REUTERS  -  501 words
    • Article, Illustration
      Lock icon Anwar prepares for 2 state by-elections
      331 15 -AFP [KUALA LUMPUR] Malaysian opposition leader Anwar Ibrahim yesterday said that his party was gearing up for two local byelections seen as a further test of the political mood weeks after the opposition snatched a parliamentary seat from the ruling coalition. The seats in
      -AFP; AFP  -  331 words
    • Article
      Lock icon Good time to look at bonds: RAM
      323 15 [KUALA LUMPUR] Local ratings agency RAM Rating Services Sdn Bhd expects Malaysia's bond yields to remain weak for most of the year before rebounding in the last quarter, says a report in Malaysia's Business Times. Bond yields have been on a downward trend
      323 words
    • Article
      Lock icon Outlook for KL currency rating negative: Fitch
      451 15 Reuters Agency says govt slow in carrying out structural fiscal reforms [KUALA LUMPUR] Fitch Ratings lowered Malaysia's local currency rating outlook to negative from stable, blaming its high fiscal deficit and public debt and on expectations its fiscal position would worsen this year
      – Reuters  -  451 words
    • Article
      Lock icon IJM denies improper land dealings with Satyam
      313 15 [KUALA LUMPUR] IJM Corp Bhd yesterday refuted allegations of improper land dealings with scandal-hit Satyam Computer Services Group, The Starßiz reported. It denied that the company, its CEO Krishnan Tan or director in charge of operations in India, Ng Chin Meng, had land
      313 words
  • Page 15 Advertisements
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      108 15 Todays xl| Get your a^HH^^JH copy from any 1 l?U P Spinelli outlet at ,(llJlil3 X 4*£T Ss.soandgeta i^^L complimentary W M --M Jrt QTj PLAN YOUR NEXT STEP V-..V hB%-T I yf 0 Is it time to take risk or seek safety? What is the key to success? What
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Top fund managers bullish on China
      782 16 Bloomberg They say country could avert recession, after stocks make gains [SINGAPORE] The world's largest money managers say China's steepest monthly stock gain in more than a year shows the fastestgrowing major economy will avert a recession. The Shanghai Composite Index, the broadest measure
      – Bloomberg; AP  -  782 words
    • Article
      Lock icon Spending burst opens up China deficit
      382 16 Reuters Spending up 30.8%, outstripping 3.3% revenue growth [BEIJING] China swung into a deficit in 2008 after a huge burst of government spending in the year's final weeks to combat the economic slowdown, the Ministry of Finance revealed in data published on Sunday. Combined
      Reuters  -  382 words
    • Article
      Lock icon India's exports fall; trade deficit widens
      567 16 Bloomberg [NEW DELHI] India's exports declined for a third straight month in December as the global recession reduced overseas orders, curbing growth in Asia's third-largest economy. Exports dropped 1.1 per cent to US$l2.7 billion from a year earlier, the government said yesterday. Imports in
      Bloomberg  -  567 words
    • Article
      Lock icon India may relax takeover rules for Satyam: reports
      312 16 Reuters [MUMBAI] India's market regulator will consider relaxing takeover rules for an open offer in Satyam Computer Services to help the fraud-scarred outsourcer attract suitors, two newspapers said yesterday, without naming any sources. The race to acquire Satyam, the company snared in
      – Reuters  -  312 words
    • Article, Illustration
      Lock icon 20m migrant workers in China lost jobs
      376 16 Reuters [BEIJING] About 20 miUion migrant workers have lost their jobs because of the economic downturn, a senior official said yesterday, after the government warned that rising unemployment could fuel social unrest. Chen Xiwen, director of the Office of the Central Rural Work
      – Reuters; REUTERS  -  376 words
    • Article
      Lock icon Growth essential for stability, says China official
      280 16 Reuters [BEIJING] Maintaining economic growth this year is the government's primary task, as otherwise there can be no social stability, a senior Chinese government official has warned in an article in a Communist Party magazine. China has been hit by taxi driver strikes,
      – Reuters  -  280 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon World trade growth slows to 4% last year
      568 17 AFP, Reuters WTO says most members keep protectionist pressures under control for now [GENEVA] The financial crisis triggered a fall in world trade growth to 4 per cent last year, with November posting the most pronounced slowdown, estimates from the World Trade
      AFP, Reuters  -  568 words
    • Article
      Lock icon Construction outlays fall 3 months in a row
      422 17 Bloomberg LATEST US DATA [WASHINGTON] US construction spending fell for a third straight month in December, data yesterday showed, as a year-long economic recession deepened. The Commerce Department said that spending on construction projects dropped 1.4 per cent, the biggest decline since
      Bloomberg  -  422 words
    • Article, Illustration
      Lock icon Hollywood produces first billion-dollar January
      372 17 LAT-WP [HOLLYWOOD] The US film industry did its part to stimulate the economy last month, producing the first billion-dollar January with an eclectic mix of movies from the surprisingly popular comedy Paul Blart: Mall Cop to the Clint Eastwood drama Gran Torino. Even in the
      LAT-WP; AP  -  372 words
    • Article, Illustration
      Lock icon Models work at half-price as economic crisis deepens
      612 17 Reuters Main reason: Retailers cutting marketing budgets [PARIS] Free designer dresses, an army of admirers and US$l5,OOO to stroll down a catwalk: no wonder thousands of teenage girls aspire to being a top model. But at the haute couture shows in Paris,
      Reuters; AP  -  612 words
    • Article
      Lock icon Thai banks ask for 54b baht state aid to boost lending
      318 17 Bloomberg, AFP [BANGKOK] Thailand's banks are seeking a 54 billion baht (552.4 billion) state aid package to help them restart lending to businesses and lift the economy out of a probable recession. The Thai Bankers' Association asked the government
      Bloomberg, AFP  -  318 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      54 17 Prestigious Business Address Panoramic city. Fountain of Wealth and sea views Integrated ancillary business facilities Units from 1,000 sq ft to 17,000 sq ft available to meet diverse business needs Fitted out units available Ample car parking For leasing enquiries, please call: 6825 2845/6825 2835 Owner: REW Manager: Property Manager:
      54 words
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  • AVIATION
    • Article, Illustration
      Lock icon French subsidy for Airbus sales wins acceptance
      668 18 IHT Other govts also give subsidies; US may increase financing help for Boeing sales [PARIS] Billions of euros earmarked last week by the French government to keep the credit crunch from choking off revenue to the European plane maker Airbus might end up
      IHT; AFP  -  668 words
    • Article
      Lock icon S Korean airlines to abolish fuel surcharges
      185 18 Reuters [SEOUL] South Korean airlines said yesterday that they would abolish fuel surcharges on international flights from March 1 to April 30, in line with a plunge in crude oil prices. Korean Air, the country's largest carrier and the world's top cargo airline,
      – Reuters  -  185 words
    • Article
      Lock icon Boycott of carriers in India intensifies
      243 18  -  YEN SREENIVASAN By [SINGAPORE] Singapore Airlines and several other leading international carriers have become the target of a continuing boycott by Indian travel agents' associations and travel portals. The Travel Federation of India, along with the Travel Agents Association of India (TAAI), is boycotting
      243 words
    • Article
      Lock icon Opening of Dubai's 2nd airport delayed
      274 18 Bloomberg [DUBAI] Dubai pushed back the opening of the first phase of the world's biggest airport because of delays in construction, the head of Dubai Airports said. Dubai World Central will open in 2010 instead of this year due to "a number of factors
      – Bloomberg  -  274 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2631 18 AIRLINE CODES: AA: Amencao Airlines (AAL), 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 Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,631 words
  • Page 18 Advertisements
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      159 18 BT/ZUJI Deals of the Week DEAL OF THE WEEK ECONOMY CLASS (fr HOTEL (frs) BUSINESS CLASS PACKAGE (frs) (Flight 4 star hotel) $291 Swiss Int'l 3D2N $735 Swiss Int'l DESTINATION ECONOMY CLASS HOTEL BUSINESS CLASS PACKAGE (fr WEATHER (frs) (frs) (Flight+ 4 star hotel) Jakarta $248 Garuda $42 3D2N $640
      159 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      422 18 CRYPTIC CROSSWORD ACROSS 1 The stomach for a strike rj i n —l [3 —I —[s —l |e 17 —I [i around the middle of May (6) _l _l_^fc _l _l _B 4 Prisoner facing battle to get a starter course (8) 9 Millions get notice to quit capi- 1
      422 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Daewoo's Q4 profit jumps fivefold
      619 19 Bloomberg Net income increased to 293b won, from 53.1b won a year earlier [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's third-larg-est shipyard, said fourth-quarter profit jumped more than fivefold to a record after building more vessels at higher prices. Net income increased to 293
      Bloomberg; BLOOMBERG  -  619 words
    • Article
      Lock icon Mitsui OSK rises after Baltic index gains
      205 19 Bloomberg [TOKYO] Mitsui OSK Lines Ltd, operator of Japan's largest fleet of iron-ore ships, rose on the Tokyo Stock Exchange after the Baltic index of prices for shipping commodities rose for a ninth day. The shipping line gained 8 per cent to 569
      Bloomberg  -  205 words
    • Article
      Lock icon 2009 a year of hard work, says D'Amico
      286 19 Bloomberg [MILAN] D'Amico International Shipping SA, the oil tanker company whose clients include Exxon Mobil Corp and BP pic, sees a "challenging" 2009 and may make acquisitions as asset prices fall, chief executive officer Marco Fiori said. "2009 is going to be
      – Bloomberg  -  286 words
    • Article, Illustration
      Lock icon DHL launches real-time tracking in Asia-Pacific
      166 19  -  JESSICA YEO By [SINGAPORE] DHL yesterday launched its Webbased shipping tracking solution Pro View in the Asia-Pacific. The service, which is free to all DHL account cus- tomers, allows them to track and monitor shipments in real time at all stages of delivery worldwide.
      166 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        102 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship ....unch 0.18 0.78 0.31 0.64 0.44 0.04 0.70
        102 words
      • Article
        Lock icon KLSE
        39 19 '000 -eb2 M$ Vol Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.52 8.85 8.65 2.55 2.38 0.03 unch -0.06 0.30 0.20 -0.03 unch 0.01 unch 0 300 435 323 29 30 0
        39 words
      • Article
        Lock icon BANGKOK
        15 19 '00 ■eb2 Bahl Vol ■recious Ship Jegional Cont 10.60 6.30 unch -0.20 56! 8:
        15 words
      • Article
        Lock icon HONGKONG
        14 19 '000 -eb2 HK$ Vol Doil iingamas Cont 18.70 0.78 0.10 -0.07 1781 6272
        14 words
      • Article
        Lock icon PHILIPPINFS
        25 19 •nnn ■Gb2 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.70 10.50 unch unch unch -0.25 unch unch 32 2519 0 0
        25 words
      • Article
        Lock icon TAIPEI
        25 19 ■eb2 NT! Vol Evergreen Marine ....13.30 :irst Steamship 32.15 ManHai Lines 13.55 r"ang Ming Marine ....8.95 -0.10 0.45 unch -0.01 7 6 2 10
        25 words
      • Article
        Lock icon TOKYO
        44 19 '000 ■eb2 Yen Vol :awasaki Hvylnd ..157.00 -9.00 ***** :awasaki Kisen 334.00 unch 9772 /litsubishi Hvy 327.00 -18.00 ***** /litsui Eng&Sbldg ..140.00 unch 4823 /litsui Osk Lines 557.00 30.00 ***** lippon Express 332.00 5.00 4415 lipponYusen 446.00 16.00 ***** nurrei' Thnmznn Pen iteir*:
        44 words
    • Article
      Lock icon Pirates may release 'Faina' soon
      278 19 Reuters [MOGADISHU] Somali pirates holding a Ukrainian ship with 33 tanks on board said yesterday they expect it to be released within days for a US$3-million ransom. The MVFaina the high-est-profile of a dozen ships being held off Somalia was captured in September with its
      – Reuters  -  278 words
    • Article
      Lock icon Taxes for Taiwan lines axed
      81 19 Bloomberg [SHANGHAI] China axed some taxes for Taiwanese shipping lines to encourage more direct services to the mainland as relations between the two sides improve. The exemption took effect from Dec 15, 2008, according to a statement posted on China's Ministry of Finance website yesterday.
      – Bloomberg  -  81 words
    • Article
      Lock icon Wreck of British warship discovered
      885 19 AP Legendary 'HMS Victory' had sunk in the English Channel in 1744 [TAMPA, Florida] Florida deep-sea explorers who found US$5OO million in sunken treasure two years ago say they have discovered another prized shipwreck: A legendary British man-of-war that sank in the English Channel 264
      AP  -  885 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Moral suasion for loans and jobs
      508 20 MORAL suasion, along with tangible measures, is set to play a key role in the government's response to the deepening economic crisis. Even with an unprecedented $20.5 billion Budget to fight Singapore's worst recession, there is still a need for the government to appeal
      508 words
    • Article, Illustration
      Lock icon Britain flirting with a triple crisis
      1322 20  -  EDWARD CHANCELLOR It's facing a banking crisis along with a collapse in the currency and in the govt's finances By NOT long ago, Gordon Brown was boasting before Parliament that he had "saved the world". It didn't take long for the hollowness of the
      REUTERS  -  1,322 words
    • Article, Illustration
      Lock icon Japan faces a killer economy this year
      815 20  -  WILLIAM PESEK JR THE BOTTOM LINE ASK a group of expatriates in Tokyo which foreign word is used most in Japanese and many will guess "beer", "ciao" or "OK". Not even close. The answer, according to Japan's cultural affairs agency, is "stress". Some
      815 words
    • Article, Illustration
      Lock icon 100 days of stimulating and bailing-out
      1441 21  -  LEON HADAR Obama's early months will be dominated by one agenda: giving the economy the right jolt CONOMIC Signs Turn from Grim to Worse" screamed the top front-page headline of The Washington Post last Friday, reflecting the sour mood in Washington as well as
      J AFP  -  1,441 words
    • Article
      Lock icon Make it easier for banks to use SRI to help smaller firms
      405 21  -  Ec Teck Slew CAN we leave the banks alone to do their work? Based on the latest Monetary Authority of Singapore (MAS) statistics, domestic bank lending fell $1 billion or 0.4 per cent to $272.1 billion in December
      405 words
    • Article
      Lock icon Lower vehicle transfer fee and COE bid deposit
      430 21  -  Philip Toh Kee Poon THE speedy response of public transport companies in passing on benefits from the Budget measures to commuters is a welcome gesture that will contribute to alleviating the hardship many families are expecting from the severe economic environment. It
      430 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8470 22 Transaction date: Feb 2 High Low Code Company Sale COOP) High Low Buyer Seller C'vr P/E $mil 9 3 3148 -Telecom 12.5 3 5834 A-Sonec 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABR Hldgs 19 6 1938 AEI Corp 10 1 1100 AEM 26 7 2101
      8,470 words
    • Article
      Lock icon SGX CATALIST
      1803 23 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
      1,803 words
    • Article
      Lock icon SGX XTRANET
      70 23 52-Wk Tel High Low Code Last Sale Vol C000) Day ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi hjie ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&PSO0 ***** ***** 6170 SPDRS 335 158
      70 words
    • Article
      Lock icon CLOB INTERNATIONAL
      72 23 52-Wk Tel High Low Code Last Sale Vol C000) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E Smil Comi >an< Hii 88 32 6000 AVJennings 12 4 6134 Over&Gen 27 6 6017 StarCruises 248 104 6019 TanChonglnt A40 A8 US8 HK122 +4 unch
      72 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8702 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.42/ AIGIF S'pore Bond Fund/A 1.237/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.61/ APS Alpha Fund (USD)!** 0.41/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5953/ APS Komaba Global
      8,702 words
  • Page 22 Advertisements
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      34 22 m fl fiP^^pßi [jjj I THE EDWARD PIGUET WATCH Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED Hjj^ 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
      34 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 24 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 30 World Index Preliminan 632.0 -1.3 -44.2 -1.4 -44.3 -1.8 -47.1 EAFE Preliminai 608.0 -1.3 -45.7 -1.8 -48.1 -2.2 -50.5 Euro[ Preliminan 854.8 -0.7
      369 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 24 As at 9am Feb2 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9490 0.9800 .an dollar 1.2220 1.2380 Euro 1.9150 1.9400 NZ dollar 0.7610 0.7780 iterlini ind 2.1630 2.1871 US dollar 1.5030 1.5210 Local dollars to 100 units of foreign currency:
      130 words
    • Article
      Lock icon INTERBANK RATES
      177 24 Feb2 $S Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 3/16 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.35 0.65 1.10 1.50 1.90 2.30 2.50 Offer 0.25 0.45 0.80
      177 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 24 Feb2 ten Hii Sett STI IIMSCI Feb 208.6 211 204.7 "aiwan Feb 160.9 161.3 159.6 Source: MF Global (S) He. Ltd
      24 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      20 24 Feb2 Bid Offer 1-month 1.5146 1.5161 2-months 1.5140 1.5157 3-months 1.5135 1.5153 6-months 1.5126 1.5146 Source: OCBC
      20 words
    • Article
      Lock icon PALM OIL
      65 24 Jan 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Feb 09 1751 1780 1790 1744 118 3950 MarO9 1735 1768 1789 1725 1679 ***** Apr 09 1745 1779 1787 1720 ***** ***** May 09 1721 1780 1784
      65 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      290 24 Feb2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.7450 98.8000 98.7700 98.6400 ***** 4603 4118 1654 EUROYEN TIBOR FUTURES MarO9 99.325 99.325 JunO9 99.425 99.425 SepO9 99.490 99.490 DecO9 Mar10 Jun10 Sep10 Dec10 99.315 99.425 99.490 99.315 99.420 99.445 99.430 99.375 99.315
      290 words
    • Article
      Lock icon SICOM FUTURES
      194 24 Feb2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Mar 09 147.5 Apr 09 148.5 May 09 151.5 JunO9 151.5 Jul 09 151.5 Aug 09 147.5 148.0 149.0 149.5 149.5 147.5 148.5 149.0 149.5 149.5 149.5 40 68 24
      194 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 24 Feb2 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****S 07.05.09 1-Year BY*****V 02.11.09 0.36 0.49 0.36 0.36 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000
      90 words
    • Article
      Lock icon CHICAGO BOT
      102 24 Jan 30 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 980.00 970.50 989.50 965.00 May 09 986.75 977.75 996.00 973.00 Jul 09 993.75 985.00 1003.25 979.50 AugO9 990.00 980.00 996.50 983.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 32.73 32.37 32.89 32.13
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 24 CRUDE OIL PRODUCTS Jan 30 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 45.84 1.05 WTI (Near Mth) 41.69 -0.03 Dubai (1-Mth F) 43.93 0.48 Tapis blend 48.20 0.60 Minas 44.85 0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 47.90 59.25 2.13 1.25 US$/barrel US! Opec
      78 words
    • Article
      Lock icon INTERBANK CROSS RATES
      463 24 Feb2 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.779 4.324 0.497 4.899 30.950 73.593 0.564 8.783 2.284 1.255 50.021 30.082 0.957 6.470 0.737 21.316 22.094 0.442 0.632 Canada 1.283 5.549 0.637 6.287 39.719
      463 words
    • Article
      Lock icon SIBOR
      67 24 Feb2 mth 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 2.***** 0.***** ;WAP Offer rates (S$) mth 0.***** mths 0.***** mths 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.*****
      67 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 24 Feb2 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9566 0.9579 0.6316 0.6318 Canadian dollar 1.2276 1.2293 0.8105 0.8108 Euro 1.9266 1.9286 1.2720 1.2721 NZ dollar 0.7617 0.7635 0.5029 0.5036 Sterlini md 2.1622 2.1648 1.4276 1.4279 US
      156 words
    • Article
      Lock icon PRECIOUS METALS
      131 24 Feb2 /oz) Ian long Kong .ondon 916.70 876.8C 917.70 877.8C Jan 29 Jan 3C 897.45 921.05 899.05 923.05 Source: Thomson Reuters CAST BAR (SS) FebO. Buyinc Selline Kilobar 47,371.04 PAMP GOLD BARS (SS) Selling 4415! Buyin; gm jgm Ogm !0gm JOgm OOgm oz ozUBS Kinebar™ 105.93 301.74 538.21
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    • Article
      Lock icon LONDON METALS
      63 24 Jan 30 iri iiuiii, yy.i (US$/tonne) Close Previous :ash 1316.00 months 1349.00 1332.75 1366.00 Copper, Grade A (US$/tonne) :ash months 3119.00 3155.00 3193.51 3230.01 .ead (US$/tonne) :ash months 1115.50 1120.50 1136.01 1140.01 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00 *****.01
      63 words
    • Article
      Lock icon LIFFE
      61 24 Jan 30 :OCOA (Btonne) Close Prev Hii ih/Low Mar 09 1995 2023 2011/1977 May 09 1979 2002 1990/1960 Jul 09 1973 1992 1982/1954 SepO9 1966 1977 1965/1945 COFFEE (US$/tonne) Close Pev High/Low SUGAR (US tonne) White Close Prev Hig gh/Low Mar 09 373.5 368.7 377.0/369.5 May 09 369.1 366.3
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    • Article
      Lock icon BONDS & WARRANTS
      2370 24 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTW*****9 0.5 1 17 156 1.50 1 87 1358 12.00 42 18 )092 Asia Environment W*****4 0.5 1 38 250 22.00 6
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      2948 25 The Business Times uum Shipping Times m T-_| ■JtralflßaßlM ■.MimMttfflM.-!^ WAN HAI international pte ltd V i^^| HH) i_j[ll_ir|ffl_i!_ II V"\Kl\ lA/A M UAI I IMCC T!L:*****588 (KLINES) FAX:*****163 _-^^^---^^J rf^^^^^^L^l^ HDSSBBaSES I V\ All WnN n/\l LlllO PKL TEL: (03) *****58S FAX: (03) *****288 PEN TEL: <04) *****00 FAX:
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  • PROPERTY
    • Article, Illustration
      Lock icon Another blow to UK luxury home prices
      623 27 Bloomberg [EDINBURGH] London luxury home prices had the second-biggest decline on record in January as would-be buyers struggled to secure mortgages from banks hurt by the global financial crisis. The average value of homes costing more than £1 million (Ss2.l million) in London's
      – Bloomberg; BLOOMBERG  -  623 words
    • Article
      Lock icon Defuse this time bomb
      966 27  -  JOHN F WASIK Bloomberg COMMENTARY Lethal loan resets will worsen US housing market crisis By WHEN talking about the US home market, mentioning "the other shoe to drop" was quaint about a year ago. Now we are referring only to bombs. The latest ordnance is the
      – Bloomberg  -  966 words
    • Article
      Lock icon Foreign buyers pick up prime London homes
      552 27  -  JANE MOIR Sterling's fall offers them huge savings; but local sales dry up, with prices in UK down by up to 30% By in London POCKETS of London property are becoming increasingly attractive to foreign buyers as sterling plummets. But the outlook for
      552 words
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      Lock icon New home completions could come in below URA estimates
      439 28  -  UMA SHANKARI DTZ's estimates for 2009 to 2013 trail those of URA by about by 21% By [SINGAPORE] The number of new private homes completed in the next five years could come in 21 per cent lower than official estimates, a
      URA, DTZ Research February 2009  -  439 words
    • Article
      Lock icon Negative equity mortgages soar in Hong Kong
      310 28 -AFP 30% y-o-y drop in property prices expected by summer [HONG KONG] The number of Hong Kong mortgages in negative equity quadrupled in the final months of last year as property prices tumbled, authorities said yesterday. The estimated number of residential mortgages in
      -AFP  -  310 words
    • Article
      Lock icon Reits now give more stocks, less cash, as dividend
      627 28 Reuters [NEW YORK] The credit crisis is claiming yet another victim: the hefty cash dividend that has lured investors to real estate investment trusts (Reits). With sources of lending drying up, the owners of shopping malls, apartment buildings, office complexes and
      – Reuters  -  627 words
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      Lock icon Hong Kong counts toll on rents, prices
      387 28 Bloomberg [HONG KONG] Home prices and rents in Hong Kong fell in 2008 as the city's economy and equity markets suffered from the global financial crisis, Centaline Property Agency Ltd said. Prices for non-govern-ment-built residential units fell 16.3 per cent last year, according
      – Bloomberg; AFP  -  387 words
    • Article
      Lock icon DLF profit for Q3 slumps 68.7%
      237 28 -AFP [MUMBAI] India's top listed property firm, DLF, said yesterday that consolidated net profit for the third quarter fell 68.7 per cent, hit by a liquidity crunch and a slowdown in large construction projects. The New Delhi-based company said that net profit for the
      -AFP  -  237 words
    • Article
      Lock icon Aussie home prices down 3.3% in 2008: analysts
      289 28 -AFP Biggest annual drop so far points to further rate cuts [SYDNEY] Australian house prices fell 3.3 percent in 2008, official figures showed yesterday, reflecting their biggest annual drop and cementing expectations of more interest rate cuts, analysts said. Property prices fell
      -AFP  -  289 words
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      36 27 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists Lllcagc a. t m f a if W^L W\\ m//m\ I y %\\s?\*\ Raffles Conversations KK\\>\^N A col lection fromThe Business Times \\%\\X\\% V^X Availableatallleadingbookstores V/O^^
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      87 28 ZAP HERE for the latest property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word 'Zap sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software (located either in "Games" or "Applications" folder
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