The Business Times, 5 February 2009

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Total Pages: 30
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mkW A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Thursday, February 5,2009
    23 words
  • 681 1 Reuters, AFP, Bloomberg He offers to modify 'Buy American' clause after Europe threatens to retaliate [WASHINGTON] Fears of a global trade war receded somewhat yesterday as US President Barack Obama promised to soften the "Buy American" stance indicated in an US$BOO billion
    Reuters, AFP, Bloomberg  -  681 words
  • MARKETS DIGEST
    • 41 1 CLCOMP 876.80 -2.87 IIKKEI225 8,038.94 +213.43 IANG SENG 13,063.89 +287.00 CET INDEX 433.04 +2.35 JAKARTA COMP 1,320.36 +16.03 IANILACOMP 1,847.55 +21.42 CEOULCOMP 1,195.37 +32.17 CHENZHEN B 291.12 +3.78 IUMBAI IND 9,201.85 +52.55 11AM EST Change )OW 8,131.33 +52.97 IAS DAI
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.07 HONG KONG 5.00 INDONESIA 16.619 TAIWAN 6.316 JAPAN 1.475 KOREA 9.33 BRITAIN 1.50 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • 42 1 IS$ (S$ per US$) 1.508 (US$/S$ per 1.440 2.172 IURO (US$/S$/E) 1.299 1.960 Foreign currency per US$ S$ 'EN 89.00 59.00 3.622 2.401 IK$ 7.754 5.140 !AHT 34.95 23.17 CUPIAH 11,725 7.773 CENMINBI 6.831 4.529 INDIAN RUPEE 48.72 32.30 1.561 1.035
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  • 548 1  -  SIOW LI SEN By [SINGAPORE] The Royal Bank of Scotland (RBS) is reviewing its expansion plans here, including an earlier decision to add to the branch network it acquired last year after buying over ABN Amro Bank. That move had come in for criticism
    AFP  -  548 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 47 1 SIOOO,SMESOO I DOWNSIZING lllilS I COMPANIES I US COMMERCE SECRETARY LJm Tough times, Panasonic slashes 15,000 KSj^fiP PCCW voting Obama nominates but optimistic jobs, closes 27 plants |^*^*W records seized Republican Judd Gregg *^^v 1 PAGES 12-14 PAGE 3 Hrtfffl? PAGE 5 PAGE 19 y-T v\f A
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    • 5 1 BUDGET 2009 BUSINESS BONUSES I
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  • TOP STORIES
    • 704 2  -  LEE U-WEN Not a panacea, but a strong remedy that could save jobs and protect workers' CPF By I [SINGAPORE] Borrowing medical analogies and colourful descriptions, labour chief Lim Swee Say yesterday gave his take on the ailments afflicting companies and described
      704 words
    • 417 2  -  EMILYN YAP Many still concerned about finding talent for long term: poll By I [SINGAPORE] As the global economic downturn deepens, CEOs in Asia-Pacific remain more optimistic about short-term growth prospects compared with others around the world, a PricewaterhouseCoopers (PwC) survey found. And while
      417 words
    • 276 2  -  SAMUEL EE By [SINGAPORE] COE premiums remain uncharacteristically low after the latest bidding exercise yesterday. Even though the big car premium went up after a surprise plunge in the previous tender, it still stayed well south of $1,000.
      276 words
    • 649 2  -  > SIOW LI SEN By [SINGAPORE] Several foreign banks have reaffirmed that their commitment to Singapore amid concerns that protectionist pressures may cause them to retreat. Citibank noted that credit extension is shrinking because companies have reduced their funding needs in response
      AFP  -  649 words
    • THREE-MINUTE DIGEST
      • 58 2 FEARS of a global trade war receded somewhat yesterday as US President Barack Obama promised to soften the "Buy American" stance indicated in an US$BOO billion stimulus plan. His about-turn on Tuesday came after sharp criticism by America's trading partners notably the
        58 words
      • 76 2 THE Royal Bank of Scotland is reviewing its expansion plans here, including an earlier decision to add to the branch network it acquired last year after buying over ABN Amro. On hold will be plans to add two branches and hiring
        76 words
      • 82 2 LABOUR chief Lim Swee Say yesterday gave his take on the ailments afflicting companies and described how the Jobs Credit Scheme was a powerful remedy that could save jobs while protecting workers' CPF. Mr Lim said it should not be seen as
        82 words
      • 79 2 US PRESIDENT Barack Obama and Treasury Secretary Timothy Geithner yesterday announced the government will require financial companies getting rescue funds in the future to cap compensation of top officials at US$5OO,OOO a year. "In order to restore our financial
        79 words
      • 79 2 PANASONIC Corp said yesterday it will slash 15,000 jobs and shut down 27 plants worldwide, joining a slew of major Japanese companies announcing deep cuts as the global slowdown batters the economy. It also announced a net loss for the October-December quarter
        79 words
      • 75 2 CAPITALAND unit Australand said yesterday it expects to post a 25 to 30 per cent drop this year in group operating profit after tax, excluding unrealised gains/losses from property revaluations and significant one-off items. The group's operating profit rose 7 per cent last
        75 words
      • 72 2 THE Lexicon Group is buying over a commercial property development business in China under a $160 million reverse takeover deal. The group said it has inked a conditional sale and purchase agreement with vendor Phoon Wui Nyen to buy the entire
        72 words
      • 84 2 PROPERTY companies in Asia have turned back to local banks as other sources of funding become more scarce, according to a new report from Macquarie Research. The commercial mortgage-backed securities and corporate note markets are effectively closed and US and European
        84 words
    • 936 3 AP, Bloomberg, Reuters Shock move will hit financial companies taking bailout money, but will not be retroactive [WASHINGTON] President Barack Obama and Treasury Secretary Timothy Geithner yesterday announced that the government will require financial companies getting rescue funds in the future to cap
      – AP, Bloomberg, Reuters; AP  -  936 words
    • 648 3 -AP It blames rapid yen surge, price drops, global slowdown [TOKYO] Panasonic Corp said yesterday that it will slash 15,000 jobs and shut down 27 plants worldwide, joining a slew of major Japanese companies in announcing deep cuts as the global slowdown
      -AP; AFP  -  648 words
    • 414 3 -AP It's looking to restructure offer of surplus cash in Norwich Union funds [LONDON] Aviva pic, Europe's biggest provider of life insurance and pensions products, said yesterday that it was scrapping a £1 billion (552.16 billion) special payout promised to a million or so
      -AP  -  414 words
  • Page 2 Advertisements
    • 118 2 SAVE TAX Our qualified professionals W/k\P. I can assist you with offshore H J structures, shelf companies and incorporations in ALL jurisdictions including: uuj'-iifl T^T I British Virgin Islands Cayman Islands Bahamas w«^^^ Seychelles I Hongkong Samoa I Full nominee, management, secretarial, banking and corporate I administration services are available.
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  • Page 3 Advertisements
    • 144 3 MILLION Hong Bao Draw 2009 Draw on Fri. 6 Feb. 9.30pm I Draw Tomorrow! Sales at all Singapore Pools outlets till 6 Feb,9pm. Sales of $10 Prosperity Pack $28 Abundance Pack (exclusive to OSIM) at selected OSIM stores: Cerrtrepoint #03-11 People's Park Complex #01-42/43 Raffles City #03-21 Sim Urn Square
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  • COMPANY NEWS
    • 690 4  -  KALPANA RASHIWALA 2008 operating profit up 7% but net earnings dive 85% By CAPITALAND unit Australand said yesterday it expects to post a 25 to 30 per cent drop this year in group operating profit after tax, excluding unrealised gains/losses from property
      690 words
    • 400 4  -  JAMIE LEE It cites NPLs, special mention loans, CEO terms, Tier-1 ratios By MORGAN Stanley Research has called on the Monetary Authority of Singapore and local lenders to disclose more about the performance of various types of loans. As banking here confronts its
      400 words
    • 437 4 Reuters SLOWING loan growth, mounting losses from bad debts and falling fee income from slumping capital markets will cut quarterly earnings for banks in Singapore and Malaysia by as much as a third, with an even rougher ride expected in 2009 as the global
      – Reuters; BLOOMBERG  -  437 words
    • 753 4  -  R SIVANITHY ANALYSTS have had to face a fair amount of criticism over the past year for having been completely blindsided by the collapse of the US economy. At the beginning of 2008, for example, when the sub-prime crisis was into its fourth
      753 words
    • 469 5  -  OH BOON PING Group targeting Zenna, the same firm in an aborted deal with Iconic By i THE Lexicon Group is buying over a commercial property development business in China under a $160 million reverse takeover deal. Formerly known as Sun Business Network, the
      469 words
    • 228 5  -  JAMIE LEE Denial of rumours comes as shares dive 4.2% to $5.28 By PROPERTY developer City Developments has dismissed market rumours about its plans for a rights issue. "City Developments has received enquiries with regards to rumours in the market that the company is
      228 words
    • 533 5 Bloomberg [HONG KONG] Hong Kong's stock market regulator seized PCCW Ltd's voting records after shareholders approved a HK$l5.9 billion (Ss3.l billion) buyout offer led by billionaire chairman Richard Li. The Securities and Futures Commission (SFC) took possession of the voting records and will start investigating
      – Bloomberg; REUTERS  -  533 words
    • 291 7  -  UMA SHANKARI Land is designated for hotel, residential and ancillary commercial use By ALLGREEN Properties, with subsidiaries of Kerry Properties, Shangri-La Asia and Kuok Brothers, has agreed to submit a joint bid for two sites in China's Tangshan City, Allgreen said
      291 words
    • 341 7  -  JOYCE HOOI By. THE end of FY2009 may not be bearing good tidings for Noel Gifts International, despite a profitable core gifts division, after decreasing property rental revenues and increasing costs dealt its half-year results a double whammy. The gifts retailer yesterday warned of a
      341 words
    • 359 7  -  VINCENT WEE By\ NEPTUNE Orient Lines' (NOL) container line unit APL and the Port of Salalah yesterday announced a 50-50 joint venture to operate a new two-berth container terminal. The joint venture will start operations in 2011, after completion of the
      BLOOMBERG  -  359 words
    • 153 7 M ,MI ,w Full year ended Dec 2008 Three months ended Dec 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT J PREVIOUS I CHNG CURRENT I PREVIOUS CHNG (S$m) (S$m) (S$m) (S$m) 1 Lippo-Maple Indo Trust 59.492 na nm 101.761 na
      153 words
    • 342 7  -  VICTOR KATHEYAS By1 AIR-CONDITIONING services company Natural Cool Holdings has struck a deal for a $4 million loan from Frankland Investments Ltd, a British Virgin Is-lands-incorporated firm. Natural Cool will have to pay Patek Advisory Pte Ltd $240,000 or 6 per cent of
      342 words
    • 417 7  -  NISHA RAMCHANDANI By DESPITE the weak outlook for the maintenance, repair and overhaul (MRO) industry, analysts remain bullish on SIA Engineering Company (SIAEC), citing a potential major contract win as well as cost savings. SIAEC, which provides MRO services to passenger and
      FILE PHOTO  -  417 words
    • COMPANY BRIEFS
      • 84 7 GLOBAL Voice Group will issue 432.3 million new shares at 1.4625 cents to EUN Partners V LLC for a total $6.3 million under a subscription agreement. The shares will represent about 15 per cent of the enlarged share capital of the company. The
        84 words
      • 48 7 CACOLA Furniture International yesterday warned that it expects to report a lower profit for the financial year ended Dec 31, 2008, due to specific bad debt provision made on trade receivables. More details of the group's performance will be disclosed by March 1, 2009.
        48 words
  • Page 4 Advertisements
    • 1527 4 V#l^ A TV^T^T_/^-T' r> Toll free: 1800-289-8822 |\l If If r~i Email: n°tices@sph.com.sg _L V__^/ __L __L V__> -Lj k3 www.cats.com.sg I PUl P 1 IN THE MATTER OF I rur n.TrrnnrTur 1 IN THE MAnER OF IN THE MATTER OF THE the companies act, cap. 50 IN THE MATTER
      1,527 words

  • Page 5 Advertisements
    • 45 5 fkW' WmWl I' I i^ HI- wli'.; W\j- ,____Ml______S___9__________SS s?^? IH^ Hi wiltßa£iH-BiSiJEiU!_il-i-i-i^ ags. ___Vfii^_s9B9QHo___P__E3_l^_l^_Tl^?^?V_^_^______Hl^rKr-^_-^^P -fSt Jf -r-t^l _TJ TZt Z mmmki BJ C .M-l Ifl ITSIJ [fl ISTj f»~TVT_?TVT-TIT-JsW--fgTa -B Jj ynJ-Cl I JfilCT JM mCwiM J__W J_.f J Bl7^mT7STm«i 1-T-*-* _r_-f CTTJ-^ '"^liiwpiir''"
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  • SINGAPORE MARKETS
    • 606 6  -  R SIVANITHY STOCKS The sudden interest in China originated from fresh hopes that the massive govt stimulus may be having an effect Senior Correspondent T HANKS to hopes that stimulus from the Chinese government can kick-start the country's economy, "S-chips" or China stocks listed
      : Bloomberg  -  606 words
    • 91 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 3 4 0 0 0 8 3 4 lanufacturing 38 30 52 43 32 58 Commerce 12 11 14 16 12 16 'pt/Stor/Comms 13 11 13 12 :inance 17 17 Construction 'roperties 15 12 15
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    • 112 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 13.662 13.662 39.253 39.253 lanufacturing 199.970 1.860 201.830 141.322 291 141.613 Commerce 35.192 5.581 40.773 38.564 776 39.340 "pt/Stor/Comms 114.693 285 114.978 155.229 11 155.240 :i nance 28.813 100 28.913 191.127 191.133 Construction 21.416 400 21.816 1.911 1.914 'roperties
      112 words
    • 103 6 CapitaLand 2.450 4-0.060 Noble Grp 1.080 -0.020 CapitaMal 1.490 4-0.010 OCBCBk 5.010 4-0.030 CityDev 5.280 -0.230 Olam 1.240 -0.020 Cosco Corp 0.820 4-0.035 S IA 11.060 IBS Grp 8.690 4-0.140 SGX 5.100 -0.100 :&N 2.750 -0.010 SIA Engg 2.060 4-0.010 Sent Intl 0.425 tO.010 SPH 2.710
      103 words
    • 881 6  -  CONRAD TAN Offshore and marine sector DMG PARTNERS SECURITIES, Feb 4 CONFLICTING signals from Petrobras: On Jan 26, Brazil's national oil company Petrobras announced that its board of directors had approved the business plan totalling U*****.4 billion (an increase of 55 per cent y-o-y) for the period 2009-13.
      881 words
    • 513 6 Reuters CURRENCIES [SINGAPORE] The South Korean won and Indonesian rupiah led Asian currencies higher yesterday after economic data raised hopes that unprecedented worldwide efforts to tackle the global slowdown may finally find traction. The won gained just over one per cent to 1,369.8 per dollar,
      ■ Reuters; AFP  -  513 words
    • 4 6 DAILY
      4 words
    • 61 6 Feb 4 VALUE CLOSE IT OB/OS -381.00+74.0C IT CADI -*****.00 +24.0I IT 10-day MA -*****.00 -38.0' TSE ST Mid Cap 348.77 -0.3' TSE ST Small Cap 282.75 -0.2 TSE ST All Share 409.56 -0.9! TSE ST China Top 182.31 -0.4 TSE ST China 178.90 +1.2 OB Catalist 72.85
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    • 59 6 VOLUME Golden Agri 83,473,000 Cosco Corp 51,171,000 Capita Land 25,746,000 Sing Tel 21,437,000 Noble Grp 18,588,000 China Hongxing 18,407,000 Yongnam 16,773,000 Wilmar 15,467,000 SembMar 14,586,000 IndoAgri 12,856,000 VALUE(S) DBS Grp 85,795,277 Capita Land 62,703,030 Sing Tel 54,484,790 Wilmar 46,643,910 UOB 43,268,900 Cosco Corp 41,727,830 OCBC Bk 38,591,710
      59 words
    • 105 6 CLOSE UP ;txpo 100 1146 66.0 6.1 China H 10US$ 940 46.7 3.. 'aiwa FT Shariah Ja 647 42.2 4. JCBCCai 5.1%NCPS 100 9060 40.0 0.. ICBC Bk4.5%NCPS 100 8270 20.0 0.. iBS Gr| 869 14.0 1.' IS MSCI India 100 334 13.6 2. iBS Bk6% NCPS 10 9650
      105 words
    • 106 6 CLOSE DOWN 935-275.0 -22.7 •UE IMH 1928 -96.5 -3.2 LP 10US$ 8803 -82.9 -0.6 Cit 528 -23.0 -4.2 >in< iTel 100 250 -22.0 -8.1 reat Eastern 805 -16.0 -1.9 lardine C&C 1030 -16.0 -1.5 IOB 1150 -12.0 -1.0 CGX 510 -10.0 -1.9 :iMBAsean40 100US$ 484 -7.5 -1.0 BY PERCENTAGE
      106 words
    • 90 6 Wh lere S! i$ stands Feb 4 %CHNG CLOSE FR Feb 3 YR 2008/2009 S$ LOW S$ HIGH uss 1.5085 0.35 1.5346 1.3457 Euro 1.9511 -0.42 2.2064 1.8640 Pounds 2.1722 -0.90 2.8431 2.0512 AS 0.9657 -0.09 1.3251 0.9068 Yen* 1.6929 -0.10 1.7278 1.2619 Rupiah* 0.***** 0.35 0.***** 0.***** Baht*
      90 words

  • Page 7 Advertisements
    • 6 7 I $5. in o cc o
      6 words
    • 353 7 An invitation to Chio Lim Stone Forest New Office OPENING i^\ Wilkie Edge ,ggif P*f^ N*j|j ft -----ii'.r i Wi%\ f w J___i_' ■■■jigjMJMiiaiM Dear Clients, Business Partners Alumni The Management of the Chio Lim Stone Forest Group* cordially invites you to the official opening of our new office. Date
      353 words

  • SINGAPORE NEWS
    • 723 8  -  NISHA RAMCHANDANI Rankings show they are in excellent shape to ride out the economic storm By SINGAPORE companies are in a strong financial position, putting them in good shape to ride out the economic downturn, the 2009 Singapore 1000 (S1000) and Singapore Small and
      FILE PHOTO  -  723 words
    • 436 8  -  LEE U-WEN YESTERDAY IN PARLIAMENT By THE government yesterday said that it would continue to review, from time to time, its investment guidelines for the Government of Singapore Investment Corporation (GIC). Factors that are taken into consideration include whether existing guidelines
      FILE PHOTO  -  436 words
    • 406 8  -  LYNETTE KHOO BY THE use of past reserves to partly fund this year's Budget sparked more debate among Members of Parliament yesterday, with some urging greater clarity on how the government arrived at its decision. Most MPs support the use of past
      406 words
    • 546 8 By LYNETTE KHOO MEMBERS of Parliament yesterday urged some tweaking of the Jobs Credit scheme to put money into the right pockets and more targeted schemes via off-Budget measures. Some got creative as they tossed around ideas on alternative measures. Opposition MP Sylvia
      546 words
    • 230 8  -  JOYCE HOOI By HONG KONG's finance professionals are bucking the regional trend by going on the offensive as markets retreat. A study released by US-based recruitment firm Robert Half International found that 71 per cent of Hong Kong's finance professionals regard equities
      230 words
    • SINGAPORE ROUNDUP
      • 64 8 A MAN, aged 51, was charged in court yesterday with criminal intimidation of a Member of Parliament, police said. They said that the man, a former patient of the Institute of Mental Health, called a ministerial hotline and, while speaking to a customer service
        64 words
      • 35 8 THE CFA Institute has announced that 35 per cent of the 49,797 candidates worldwide who sat for the Chartered Financial Analyst Program Level I exam in December have passed.
        35 words
  • Page 8 Advertisements

  • VIEWS FROM THE TOP
    • 704 9 TOPIC: BUSINESS BONUSES Three key initiatives are the one per cent cut in the corporate tax rate, extended loss carry-back provision and accelerated depreciation allowances. How helpful are these in improving companies' cash flow? Could more have been done? Terry O'Connor Chief executive officer, Courts President,
      STOCK.XCHNG  -  704 words
  • Page 9 Advertisements
    • 72 9 llllllllllliß^k. __H9fl wis*/ MR WKc '^*H^ Sc "-*j____________r^ d9______l n 9 %^%l I jf»*sS£ Conversations I m 52 interviews by Business Times journalists W^wK^&, X The diverse experiences of some of the most ft jg influential thinkers, corporate chiefs and social activists of the age |Bk M _fl iiAiii^.......i..1..HH Michelle
      72 words

  • SINGAPORE INTERNATIONAL
    • 1525 10 There are still opportunities out there for Singapore companies despite the current economic downturn. CHUANG PECK MING reports EVEN in the best of times, cutting back on spending to stay trim and profitable would be easier than breaking into new markets to boost sales and bottom
      1,525 words
    • 148 11 THE Association of Small and Medium Enterprises (Asme) says the recent renewal of its tie-up with International Enterprise (IE) Singapore reflects their common goals. "Singapore companies, especially SMEs, will certainly benefit from the resources and assistance available through IE Singapore's expertise, wide network and local knowledge of
      148 words
    • 238 11 RENEWING its links with International Enterprise (IE) Singapore recently was timely for the Singapore Chinese Chamber of Commerce and Industry (SCCCI), which is stepping up efforts to help local enterprises realise the full extent and benefits of free trade agreements, especially the latest one
      238 words
    • 353 11  -  CHUANG PECK MING IE S'pore-SBF tie-up fosters collaboration in joint activities including overseas missions Reports by A JOINT push by International Enterprise (IE) Singapore and the Singapore Business Federation (SBF) to help more companies expand overseas will boost Singapore's regionalisation and internationalisation drive,
      FILE PHOTO  -  353 words
    • 277 11 WITH demand in developed markets having virtually dried up, the search for new markets in emerging economies has begun in earnest. For the larger member companies of the Singapore International Chamber of Commerce, the downturn offers an opportunity to identify potential prey for mergers
      277 words
    • 250 11 LINKING up with International Enterprise (IE) Singapore reinforces the Singapore Manufacturers' Federation's commitment to help local businesses grow overseas, says federation president Renny Yeo. "In this downturn, we want to help local manufacturers who meet domestic demands to export, and those who are
      250 words
    • 184 11 INTERNATIONAL Enterprise (IE) Singapore and the Singapore Indian Chamber of Commerce and Industry have pooled their resources and expertise "in a very collaborative way", according to SICCI chief executive Predeep Menon. So they recently renewed their tie-up when a memorandum of understanding signed
      184 words
  • Page 10 Advertisements
    • 213 10 With a global network spanning over 30 cities, IE Singapore takes your Ij¥§ie9fl| I^iw^l^TflSmwiJwmiilH liiUkS IwTHWHrSPffII From Abu Dhabi to Moscow, Hanoi to Sao Paulo, International Enterprise (IE) Singapore's presence |^^EA^L^HCJUU|JU|I|HHHHH^oJ|^hA4 UhHWhH|h|H|U in over 30 leading cities around the world takes you closer to export markets and overseas business I-KffH^
      213 words

  • Page 11 Advertisements
    • 3 11 __k j|H JiH
      3 words
    • 46 11 I* =t al The Business Times SINGAPORE Singapore Singapore International a fortnightly series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting the overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com
      46 words

  • S1000 & SME 500
    • 1109 12 Good management and prudent decisions have left Singapore's corporate sector on a strong footing to fight its way through the downturn NO ONE knows how the next few months let alone the next few years will work out. But this year's Singapore 1000 (S1000) and SME
      BLOOMBERG  -  1,109 words
    • 630 13 Singapore's SMEs can ride out the downturn by knowing what risks can be managed, mitigated and eliminated AS ONE of Britain's greatest naval heroes, Vice-Ad-miral Lord Horatio Nelson, famous for his epic battles and victories against Napoleonic France, understood how to manage risk. "Something must be
      REUTERS  -  630 words
  • Page 12 Advertisements
    • 147 12 Tf)CJf i U O U for r^.p)/^ l»3 rrvot-^ «v rriori! v/. in irw DO/c JUUCJ Award l I __--r^,^r*" v r _--r!*i'^L *^3 __^P_________i 1" ,-r^. PP& f'pP^ i&m Indeed, we're proud to receive the prestigious SlOOO TJ-^r ir rr'" inT^ illllll MS Award which affirms our commitment to
      147 words

  • Page 13 Advertisements
    • 307 13 _^__^-_____________________H_l \L SINEUROPE PTE LTD j m 1 LHIT*L« Ifr~ ~\j., Sineurope Pte Ltd is honoured to be recognised as I 'if)/)]. Winner of Sales/Turnover Excellence Award 2009. The JL-____e^_.' Prest'§'oLlS Award acknowledges SMEs for their If js| outstanding achievements in sales, net profit, credit rating and internationalisation. Sineurope was
      307 words

  • Page 14 Advertisements
    • 376 14 SINGAPORE 1000 SINGAPORE SME 500 Sales/Turnover Excellence Award Sales/Turnover Excellence Award INDUSTRY COMPANY SINGAPORE HIGHPOLYMER Information Communications SINGAPORE TELECOMMUNICATIONS LTD CHEMICAL PRODUCTS PTE LTD Transport/Storage SINGAPORE AIRLINES LTD NAM LEONG CO PTE LTD Finance DBS GROUP HOLDINGS LTD PRIMETRAVEL&TOURPTELTD Manufacturing HEWLETT-PACKARD SINGAPORE PTE LTD SINEUROPE PTE LTD Retail COLD STORAGE
      376 words

  • ECONOMY WATCH
    • 428 15 -NYT STIMULUS SPENDING Senate adds billions for medical research and tax breaks for car buyers [WASHINGTON] The Senate on Tuesday pushed the cost of the economic stimulus package above US$9OO billion by adding billions for medical research and tax breaks for car
      -NYT; REUTERS  -  428 words
    • 663 15 ■AP Hefty incentives from carmakers did little to boost sales [DETROIT] Carmakers have started the new year in reverse. Consumers, frightened by the prospect of losing their jobs, stayed away from car showrooms again in January and sent US car and
      ■AP  -  663 words
    • 237 15 ■Reuters [NEW YORK] China's frugal ways and deep pockets should keep it well ahead of other large developing nations as they tackle a global financial crisis, Standard Poor's (S&P) said yesterday. Indeed, the ratings agency argues that the so-called BRIC countries
      ■Reuters  -  237 words
    • 662 15 Reuters Credit crisis kills their ability to strike leveraged buyouts [BERLIN] Private equity firms are being forced to dive into alternative investments or sit it out on the sidelines, as the credit crisis kills their ability to strike large leveraged buyouts. The mood was
      – Reuters; BLOOMBERG  -  662 words
    • 312 15 Bloomberg [LONDON] The British economy will shrink until the fourth quarter of this year as the world endures the slowest growth since the end of World War 11, the National Institute of Economic and Social Research (NIESR) said. Gross domestic product (GDP) will
      – Bloomberg  -  312 words
    • 410 15 Bloomberg [BRUSSELS] European retail sales declined more than economists expected in December as consumer confidence sank in the face of the worst recession since World War 11. Sales in the euro region fell 1.6 per cent from a year earlier after a revised 2.6 per
      Bloomberg  -  410 words
  • Page 15 Advertisements
    • 163 15 W^?_f SLKSS g^NOTICES IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CLARION ASIA PTE LTD REG. NO. *****1532Z (In Members' Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final General
      163 words
    • 8 15 Lianhe Zaobao in times of economic crisis? »'J»lfealfc
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  • MALAYSIA/INDONESIA
    • 544 16  -  S JAYASANKARAN Ruler defers decision on state assembly dissolution; BN likely to form next govt By In Kuala Lumpur THE Pakatan Rakyat (PR) government of Perak state collapsed yesterday after three of its former representatives said they would support the opposition Barisan
      AP  -  544 words
    • 248 16 Bloomberg [KUALA LUMPUR] Gamuda Bhd managing director Lin Yun Ling said that Malaysia's ethnic quota system is impairing competition, the second business leader to call for change in as many days as the country seeks to avoid a recession. "There needs
      Bloomberg  -  248 words
    • 236 16 -AFP [KUALA LUMPUR] Nearly 100,000 Indonesian workers in Malaysia will be laid off and sent home by the end of the year as the economic downturn hits, a report said yesterday. Malaysia has already banned the hiring of new foreign workers in factories, stores
      -AFP  -  236 words
    • 390 16  -  PAULINE NG It was affected by global downturn, political uncertainty By In Kuala Lumpur THE global downturn and domestic volatility took a toll on Bursa Malaysia in its fourth quarter to endDecember, with profit plunging almost threequarters to RM13.5 million (555.6 million), from RM49.5
      390 words
    • 471 16 -Reuters [JAKARTA] Indonesia's central bank lowered its interest rate by half a percentage point to 8.25 per cent, as expected, and indicated that it could cut further to support growth in the face of a deteriorating world economy and declining exports. The move comes amid pressure
      -Reuters  -  471 words
    • 571 16 Bernama [KUALA LUMPUR] Bumipu-tra-Commerce Holdings Bhd's group chief executive Nazir Razak has given an assurance that there would be no job cuts at the country's second largest bank. "We are not looking at job cuts. It is not in our
      ■ Bernama  -  571 words
  • Page 16 Advertisements
    • 85 16 THE HEARTBEAT OF THE INDIAN COMMUNITY I" M \k\ kWkm WL^ HI UUii V b oJLO 1 I ONLY 0N Ml VMV fl R^B'^J _U W B TODIV'S BEST MUS.C Pick up your FREE copy at all VT \g_** r d —^3b^>. 7-Eleven outlets, Mustafa, \V ~PTi\ Saravanaa Bhavan, White
      85 words

  • GREATER CHINA/INDIA
    • 840 17 -Reuters, Bloomberg Pump-priming seems to have some early success as bank loans and manufacturing index rise [BEIJING] A rise in China's official manufacturing index coupled with a surge in bank lending fed optimism yesterday that the world's third-larg-est economy may soon be on
      -Reuters, Bloomberg; AFP  -  840 words
    • 573 17 Bloomberg [HONG KONG] Angelo, Gordon Co, a real estate, private equity, distressed and hedge fund asset manager founded by two former LF Rothschild bankers, is seeking as much as US$l billion for its second Asia-focused property fund. The New York-based manager of
      – Bloomberg; BLOOMBERG  -  573 words
    • 401 17 Bloomberg They will benefit from growth in Asian consumption [SINGAPORE] China Yurun Food Group Ltd and India's ITC Ltd are among 18 stocks that will benefit most from growth in Asian consumption, ÜBS AG said. Investors should buy shares of companies
      – Bloomberg  -  401 words
    • 341 17 Reuters [BEIJING] China may ask the World Trade Organisation (WTO) to investigate a six-month import ban slapped on its toys last month by India, the official China Daily reported yesterday, citing a source close to the matter. Worries about protectionism
      – Reuters  -  341 words
    • 501 17 Reuters [HONG KONG/SHANGHAI] China Investment Corp (CIC), a US$2OO billion sovereign wealth fund (SWF), is in talks to buy up to half of OTIC Capital Holdings Ltd, an investment firm described by local media as "China's Blackstone", two sources close to the
      – Reuters  -  501 words
    • 335 17 Reuters [MUMBAI] India's central bank may need to step up its market buying of government bonds to head off a sharp spike in yields towards 7 per cent as a result of expected heavy debt issuance in the next few months. The
      – Reuters  -  335 words

  • ASIA-PACIFIC/WORLD
    • 673 18 Reuters Rush to tap capital driven by need to cut debt refinance maturing loans [HONG KONG] A flurry of companies looking to raise money through stock or bond sales is giving badly battered investment banks a welcome break higher fees. Institutions
      Reuters  -  673 words
    • 328 18 Bloomberg [BANGKOK] Thailand may increase access for foreign banks to boost competition in financial services and the government will ask the market regulator how rules can be eased. Finance Minister Korn Chatikavanij said the government has "struggled" to achieve "proper competition" in the banking
      – Bloomberg  -  328 words
    • 617 18 Bloomberg Drop due to costs of closing mines, plants on metal price dive [SYDNEY] BHP Billiton Ltd, the world's largest mining company, has reported that first-half profit dropped 57 per cent, more than analysts expected, on costs to close mines and
      – Bloomberg; AFP  -  617 words
    • 390 18 Reuters USs42b Genentech bid sure to succeed, it says [BASEL, Switzerland] Swiss drugmaker Roche AG sounded a wary note about 2009 yesterday after its results missed forecasts, but said it was confident its hostile US$42 billion bid for Genentech would succeed. Roche
      – Reuters  -  390 words
    • 466 18 AFP, Bloomberg LATEST US DATA [WASHINGTON] The US economy entered 2009 shedding more than a half million jobs in the private sector and employers announced a near-record number of layoffs, two reports showed yesterday. Nonfarm private jobs fell a seasonally adjusted
      – AFP, Bloomberg  -  466 words
    • 381 18 -LAT-WP [WASHINGTON] In another departure from her predecessor, Hillary Clinton will make her first trip as Secretary of State to East Asia. Mrs Clinton is expected to visit China, Japan and South Korea, and perhaps a country in South-east Asia, according to
      -LAT-WP  -  381 words

  • WORLD
    • 879 19 Yd almost rather say I'm a pornographer ■AP Wall Street executives find themselves vilified as the economic crisis deepens [NEW YORK] Monday was the last day of Iris Chau's 11 -year career at JPMorgan Chase and she says there's a lot she will miss about the job, including her colleagues,
      ■AP  -  879 words
    • 713 19 -AP.NYT Nominee for health secretary quits under pressure [WASHINGTON] At the end of only its second full week in office, President Barack Obama's administration has slammed into Washington's unforgiving politics, as two key government nominees withdrew under a cloud of
      -AP.NYT  -  713 words
    • 580 19 -AP Judd Gregg's top priority will be to help pull US out of recession, he says [WASHINGTON] In the midst of promoting his US$BOO billion-plus economic proposal, President Barack Obama chose for his new commerce secretary a Republican senator with such a
      -AP; XINHUA  -  580 words
    • 272 19 Reuters [NEW YORK] Harley-Davidson Inc on Tuesday announced the sale of US$6OO million of debt, including half to Warren Buffett's Berkshire Hathaway Inc. Berkshire and money manager Davis Selected Advisers LP, the largest Harley shareholder, each bought US$3OO million of senior unsecured notes carrying an
      ■ Reuters  -  272 words
    • 400 19 -AP [ATLANTA] Millard Fuller, the millionaire entrepreneur who gave it all away to help found the Christian house-building charity Habitat for Humanity, died on Tuesday. He was 74. Mr Fuller died at about 3 am after being taken to the emergency room at
      -AP  -  400 words

  • AVIATION/SHIPPING
    • 491 20 Bloomberg Trading of stock suspended until sale to institutions is completed [MELBOURNE] Qantas Airways, Australia's biggest airline, plans to sell Assoo million (Ss4Bl million) of new stock after record fuel prices led to a slump in first-half earnings. The shares will be sold to
      – Bloomberg  -  491 words
    • 419 20 Reuters [MADRID] Japan Airlines (JAL) said it could slash international capacity by almost 10 per cent and Scandinavia's SAS unveiled brutal cost cuts on Tuesday as global airlines scrambled to adjust to worsening demand. JAL vice-president Tetsuya Takenaka said
      Reuters  -  419 words
    • 607 20 Bloomberg It credits fuel price drop last quarter for better earnings [FRANKFURT] Deutsche Lufthansa AG has said that 2008 operating profit beat forecasts after fuel prices declined last quarter, making the airline the only one among Europe's top three network carriers to say that earnings
      – Bloomberg; X & II I _^. li, , ■ ■ •■ i AFP  -  607 words
    • 80 20 Bloomberg [SEOUL] Hanjin Shipping Co, South Korea's shipping line, will liquidate German unit Senator Lines GmbH as container freight rates collapse amid the global recession. Hanjin will take over Senator's operations, it said in a statement yesterday. There was no mention of what will happen to
      – Bloomberg  -  80 words
    • TRANSPORT STOCKS
      • 126 20 '000 Feb 4 Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KWentures KeppelCorp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0 24 unch
        126 words
      • 36 20 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.53 8.50 8.40 2.57 2.40 0.02 0.08 0.01 -0.20 -0.15 0.03 0.01 -0.01 unch 30 466 517 338 0 45 47
        36 words
      • 12 20 '00 Precious Ship Regional Cont 11.00 6.45 0.20 0.10 3698 69
        12 words
      • 11 20 '000 Ooil Singamas Cont 2unch 0.82 1.60 0.03 2147 8804
        11 words
      • 25 20 '000 FgJ Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.60 10.75 unch unch unch 0.25 unch unch 10 2431 0 0
        25 words
      • 22 20 Evergreen Marine ....13.30 First Steamship 33.05 WanHai Lines 13.85 Yang Ming Marine 9.41 -0.25 0.05 -0.05 0.11 16 9 2 10
        22 words
      • 43 20 '000 Feb 4 Yen Vol Kawasaki Hvy Ind ..170.00 11.00 ***** Kawasaki Kisen 367.00 14.00 6015 Mitsubishi Hvy 321.00 -2.00 ***** MitsuiEng&Sbldg...150.00 6.00 6717 MitsuiOsk Lines 607.00 23.00 ***** Nippon Express 321.00 2.00 5196 Nippon Yusen 471.00 2.00 9340 Source: Thomson Reuters
        43 words
    • 2506 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air Oy (FIN), AZ: Alitalia Airl Airways Public Ltd Co(BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal (RBA), BO: Bouraq Airlir._. irways Corpn (EVA), CA: Air China (CCA), CB: American International Airlines (CKS), CI: China
      2,506 words
  • Page 20 Miscellaneous
    • 402 20 CRYPTIC CROSSWORD ACROSS I Medico who is not f R U [5 [g down-toearth! (6,6) 9 Man of the moon returned to I I Is public house (7) ■^■1 10 Repeatedly hit Australian s B'° chum, about 50(7) M M M M M II Fuss when sly person gets __HH__M
      402 words

  • BizIT
    • 1007 21 Next generation fixed business services expected to take a hit, writes AMIT ROY CHOUDHURY REFLECTING the gloomy economic situation, the Singapore telecommunications sector is expected to see a very moderate growth this year. Releasing its latest findings to BizlT, IT research
      1,007 words
    • 194 21 Bloomberg [SAN FRANCISCO] Google Inc, owner of the world's most popular Internet search engine, is adding voice-activated search features to the Android software on T-Mobile USA Inc's Gl phone, in a bid to provide an edge over rival devices. The new feature will
      Bloomberg  -  194 words
    • 243 21  -  AMIT ROY CHOUDHURY This expands subsidiary's presence in Malaysia with sales office in Penang By E-GOVERNMENT solutions and services provider Crimson Logic's subsidiary Crimson Logic eTrade has acquired Singapore-based Grid Node, which provides 828 (business-to-business) integration solutions and managed platforms. This is the first acquisition by
      243 words
    • 430 21  -  ONG BOON KIAT By SINGAPORE content providers and its Web community have been called to help make the Ocean tool on Google Earth the Internet search giant's new tool to explore the world's seas a success by filling it up generously
      430 words
    • 544 21  -  WINSTON CHAI By' WITH voice revenue thinning, carving out new income streams from additional services has become a matter of life and death for local telecommunications operators. Failure to do so may result in an operator being engulfed by its traditional rivals as well
      544 words
  • Page 21 Advertisements
    • 349 21 SiTF 2009 ICT A [Wl Business Outlook Forum ICT Business in a Flat World: Opportunities and Priorities Date 18 February 2009 Time 8.30 am 2.00pm Venue Raffles City Convention Centre J^m Guest-of-honour What tO eXDeCt? RADM(NS) Ronnie liy A_ CEO IH^^l Infocomm Development Authority Find out how ICT enterprises can
      349 words

  • EDITORIAL & OPINION
    • 513 22 AS it turned out, one of the more memorable moments of the World Economic Forum (WEF) meeting in Davos this year and which also captured the tensions of the day was probably the scene of the Turkish prime minister stalking off the stage
      513 words
    • 974 22  -  ANTHONY ROWLEY They should focus on stimulating domestic demand instead of relying on exports IT MAY seem like a cruel irony that Asian economies are suffering so badly now from a crisis which was not directly of their own making. But
      AP  -  974 words
    • 871 22  -  MATTHEW LYNN Bloomberg THE BOTTOM LINE YOUR portfolio is in tatters. Your job is about as secure as an investment with Bernard Madoff. Now, as if life wasn't gloomy enough, your girlfriend or wife is about to trade you in for a
      Bloomberg  -  871 words
    • 1215 23  - Bangladesh a happy story amidst the global crisis M SHAHIDUL ISLAM It's still on track for strong economic growth, with the ready-made garment sector that drives exports getting a boost By AFTER bursting the housing bubble and disarraying the banking sector, the financial crisis is now hurting the real economies
      BLOOMBERG  -  1,215 words
    • 883 23  -  HUGO DIXON By IT'S not just brash Dubai that is suffering from the downturn. Even Abu Dhabi, its richer brother, is watching its dirhams. The collapse in the value of its foreign assets, a slowdown in the flow of oil money and mounting liabilities are
      REUTERS  -  883 words


  • SINGAPORE STOCKS
    • 8506 24 Transaction date: Feb 4 Hii !-wks Tel Low Code Com[ Sale COOP) Hii Low Bu] /er Seller C'vr P/E $mil >an] 9 3 3148 8Telecom 12.5 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABR Hldgs 19 6 1938 AEI Corp 10 1 1100
      8,506 words
  • Page 24 Advertisements
    • 25 24 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gMA lb 9 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676.
      25 words


  • FINANCE & COMMODITIES
    • 359 26 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb 3 World Index Preliminan 627.1 0.7 -7.5 0.8 -4.5 1.2 -8.I EAFE Preliminai 602.1 1.1 -7.2 1.9 -5.9 2.3 -10.1 Euro[ Preliminan 853.2 1.8 -6.4 2.8 -6.5 3.2 -10.1 Pacific 491.6
      359 words
    • 131 26 As at 9am Feb 4 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9660 0.9980 Can dollar 1.2140 1.2290 Euro 1.9480 1.9690 NZ dollar 0.7630 0.7800 Sterlini 2.1600 2.1841 US dollar 1.4980 1.5150 Local dollars to 100 units of foreign currency:
      131 words
    • 172 26 Feb 4 Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.03 US$ Offer 1/32 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.40 0.65 1.20 1.60 2.00 2.30 2.50 Offer 0.30 0.55 0.80 1.10 1.50
      172 words
    • 25 26 Feb 4 ten Hji Sett STI SIMSCI Feb 208.6 209.5 207.2 Taiwan Feb 165.2 166.5 165.4 Source: MF Global (S) Pte. Ltd
      25 words
    • 21 26 Feb 4 Bid Offer 1-month 1.5077 1.5090 2-months 1.5069 1.5085 3-months 1.5060 1.5077 6-months 1.5051 1.5068 Source: OCBC
      21 words
    • 192 26 Feb 4 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Mar 09 150.0 Apr 09 May 09 Jun 09 Jul 09 152.0 Aug 09 152.5 150.0 152.0 152.5 149.5 151.0 152.0 152.5 152.0 152.5 12 10 12 615 958
      192 words
    • 89 26 Feb 4 Period Issue code Maturity Yesterday's Bid Day's [li Low Hii 3-Month BQ*****S 07.05.09 1-Year BY*****V 02.11.09 0.36 0.44 0.38 0.36 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
      89 words
    • 105 26 Feb 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 09 946.00 959.50 962.75 934.50 May 09 950.25 965.75 969.25 940.00 Jul 09 955.50 973.00 976.50 946.00 Aug 09 950.50 969.50 954.00 941.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 31.53 31.76 32.45
      105 words
    • 77 26 CRUDE OIL PRODUCTS Feb 3 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 44.20 -0.55 WTI (Near Mth) 41.04 0.61 Dubai (1-Mth F) 43.65 -0.30 Tapis blend 45.40 -2.15 Minas 42.05 -2.15 PRODUCT USS/barrel (FOB S'pore) Close Chanqe Naphtha Jet Kerosene 46.32 56.08 -2.13 -2.72 USS/barrel Opec Oil
      77 words
    • 462 26 Feb 4 AS CS Rmb Euro HK$ IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.793 4.376 0.493 4.967 31.216 75.116 0.570 8.832 2.320 1.266 50.704 30.392 0.966 6.478 0.734 21.564 22.391 0.445 0.641 Canada 1.260 5.516 0621 6.261
      462 words
    • 77 26 Feb 4 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 2.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
      77 words
    • 154 26 Feb 4 Currencies Bid Offer Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 0.9657 0.9670 0.6405 0.6408 Canadian dollar 1.2172 1.2188 0.8073 0.8077 Euro 1.9592 1.9609 1.2994 1.2995 NZ dollar 0.7625 0.7643 0.5057 0.5065 Sterlini 2.1705 2.1727 1.4395 1.4391 US dollar 1.5078 1.5090 S$IUS$
      154 words
    • 138 26 Feb 4 GOLD (US$/oz) Feb 03 Feb 04 Hong Kong London 901.00 895.80 902.00 896.80 Feb 02 Feb 03 914.75 905.80 916.35 907.80 Source: Thomson Reuters CAST BAR (Sj) Feb 04 Buying Sellini Kilobar ***** PAMP GOLD BARS (SS) Sellinq ***** Buyinq Igm 5gm lOgm 20gm 50gm lOOgm
      138 words
    • 67 26 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1370.50 1356.50 3 months 1405.00 1390.00 Copper, Grade A (USS/tonne) Cash 3 months 3339.50 3373.00 3141.75 3175.00 Lead (USS/tonne) Cash 1164.00 3 months 1170.00 1099.50 1105.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00 *****.50 3
      67 words
    • 62 26 Feb 3 Close Prev Hii ih/Low Mar 09 1968 1972 1988/1953 May 09 1953 unch 1970/1934 Jul 09 1948 1950 1960/1938 Sep 09 1938 unch 1957/1924 COFFEE (USS/tonne) Close Pev High/Low SUGAR (US tonne) White Close Prev Hig gh/Low Mar 09 383.8 379.9 385.5/378.0 May 09 376.4 374.0 380.1/374.0
      62 words
    • 62 26 Feb 4 Delivery Month Opening Sett Av Range Price Price Hii Low Vol Open Done Position Feb 09 1850 1865 1883 1850 183 3698 Mar 09 1791 1848 1852 1791 1036 ***** Apr 09 1802 1845 1852 1798 6696 ***** May 09 1787 1834 1850 1787 2866 *****
      62 words
    • 296 26 Feb 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar09 Jun09 Sep09 Dec09 98.8000 98.8550 98.8250 98.6950 ***** 4564 4308 2499 EUROYEN TIBOR FUTURES Mar09 99.325 99.330 Jun09 99.425 99.425 Sep09 Dec09 99.480 99.480 Mar10 Jun10 Sep10 DedO 99.325 99.425 99.480 99.330 99.430 99.455 99.440 99.385
      296 words
    • 2219 26 BONDS WARRANTS Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or- COOO) Ratio Price ing Left DBS MBL ECW*****4 0.5 DBS MBL ECW*****3 1.5 DBS MBL ECW*****1 7 1 100 0.2 1517 0.2 1405 0.2 991 0 1 2 4563 SGX MBL
      2,219 words

  • Page 27 Advertisements
    • 3523 27 m The Business Times Shipping Times M m%^W WnH krtla.Wm Biff TfaTlj m\\ wan hai international pte ltd uen *****4695 M W s^-f-_^V W X ■BMOLKrmMfw VxkA IAfAI.I MAI I I MFC TEL *****588 (14LINES) FAX:*****163 1 A^B SV^^^^SllllJ^^^^B SSBfTWRPpW IY\Yi I WAN HAI INtS PKL TEL: (03) *****888 FAX:
      3,523 words

  • Page 28 Advertisements
    • 4910 28 __r>>fl---SH Isfl mwS^kmW^kw HIBH IM-I HHIP PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc via MALTA VESSEL VOY SIN I PKG I JEA I BND SIN I NSA I KHI I JED I DAM I MAR I VLC I GOA I MAR MLA I FXT I HAM I ANR I LEH
      4,910 words
    • 248 28 VESSEL VOY ETA LEE DESTINATION SRIJAYA 8 03/09 07/02 09/02 BELITUNG/PKL.BALAM LANGSAB 01/09 06/02 08/02 JAMBI/PEKAN BARU SUN FLORA 04/09 06/02 08/02 PALEMBANG/PANJANG INARAN 04/09 09/02 11/02 BENGKULU/PADANG PERTAMAI 03/09 INPORT 06/02 BELAWAN/LHOKSEUMAWE PRIMA JAVA 8 01/09 09/02 11/02 SABANG/MALAHAYATI VESSEL VOY HA LEE Destination SINOPA 02/09 06/02 08/02 JAKARTA/CIGADING
      248 words

  • PROPERTY
    • 359 29 Reuters [SINGAPORE] A group representing Asian property investors and developers has asked the Singapore government to step in if necessary to help the city-state's real estate investment trusts (Reits) refinance an estimated Ss4 billion in debt due this year. "Real
      ■ Reuters  -  359 words
    • 245 29 Reuters [SINGAPORE] Feeling ripped off by hotel room rates? An international budget hotel chain is offering guests the chance to pay what they want at their Singapore property as the global financial crisis hits travel. Rooms at the Singapore Ibis, a member
      – Reuters  -  245 words
    • 446 29 Bloomberg [SYDNEY] Australian home-building approvals unexpectedly fell in December for a sixth month, a sign that the most aggressive round of central bank interest-rate reductions in almost two decades has so far failed to boost demand for homes. The number of permits granted
      – Bloomberg; BLOOMBERG  -  446 words
    • 542 29 Bloomberg Washington looking at ways to stem the tide of foreclosures [BOSTON] A record 19 million US houses stood empty at the end of 2008, including properties for sale and for rent, as banks seized homes faster than they could sell
      Bloomberg; BLOOMBERG  -  542 words
    • 618 29 Bloomberg [LOS ANGELES} The number of California homes sold for US$l million or more plunged to a five-year low in 2008 as banks tightened lending, data provider MDA Data Quick said here on Tuesday. A total of 24,436 homes in California sold for
      Bloomberg  -  618 words
    • 447 30  -  > UMA SHANKARI Banks more cautious but still comfortable lending to high-quality names By [SINGAPORE] Property companies in Asia have turned back to local banks as other sources of funding become more scarce, according to a new report from Macquarie Research. The commercial
      LoanConnector, Macquarie Research  -  447 words
    • 398 30 [SINGAPORE] Frasers Centrepoint is pricing the first phase of its 99-year leasehold Caspian condo next to Lakeside MRT Station in Jurong at an average of $580 per square foot after discount for buyers who opt for normal progress payments. Those who
      398 words
    • 217 30 [SINGAPORE] The Singapore Land Authority (SLA) has launched the former Siglap Primary School for rent by public tender. The 2,258 sqmproperty at 10 LaSalle St has a guide rent of $42,900, which works out to $1.77 psf. Approved uses for the site include commercial,
      217 words
    • 352 30 Bloomberg [NEW YORK] Jones Lang LaSalle, the second-largest commercial real estate broker, said that fourthquarter profit dropped as the credit crisis curtailed real estate sales and slowed leasing. Net income declined to US$4l.5 million, or US$l.l7 a share, from U*****.4 million,
      – Bloomberg  -  352 words
  • Page 29 Advertisements
    • 88 29 New Service Office Beach Rd with Pool Gym 6,000-12,000 sqft 6 Sty Building South Bridge Rd 12,000sqft. Nearby Raffles MRT 6 Sty Building Middle Rd 10,000sqft. Nearby Suntec City 5 Sty Building Cecil St 10,000 20,000sqft. Nearby Raffles MRT v International Property Group Pte Ltd 401 Havelock Road, #02-12, Hotel
      88 words

  • Page 30 Advertisements
    • 457 30 r/*1 iW M J L'l^* *^n aßßCffla Z pcode M u m *M _A A _l 9|| brought_v_JbySPHNswMed_PteLtd K^^^^^^j^^^^^^^^^^^U^^tjfl HOW TO ZAP: Download software by SMS-ing the word "zap" to *****. Zap the V^^sl V lllv^ colour code found in the Savills advertisement. GPRS data traffic charges apply. ir^^^^^B Call
      457 words