The Business Times, 7 February 2009
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2009-02-07
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The Business Times
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Title Section17 2009-02-07 1 weekend THE BUSINESS TIMES FEB 7-8, 2009 Ssl.oo •V AN SPH PUBLICATION M ICA (P) 198/08/2008 www.businesstimes.com.sg17 words
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Article, Illustration808 2009-02-07 1 Siow Li Sen - Siow Li Sen Ho Ching to hand over reins to American Chip Goodyear on Oct 1 By lisen@sph.com.sg Singapore IN an announcement that took many by surprise, Temasek Holdings revealed yesterday that Ho Ching will step down as its chief executive on Oct 1. The womanJOYCE FANG^HE STRAITS TIMES - 808 words
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Page 1 Advertisements
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Advertisement31 2009-02-07 1 /^JPv iH-hi^t Boutique Breguet, 328 North Bridge Road, #01-18 Raffles Hotel Arcade fJ<J:. JT 7^7^ l Vl^ PARIS CANNES GENEVA VIENNA LONDON i^' jS t** >^^'^ NEW YORK-LOS ANGELES DUBAI MOSCOW-TOKYO SEOUL31 words
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Page 1 Miscellaneous
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Miscellaneous128 2009-02-07 1 SHOPPING THE RAFFLES Cjp^ WEALTH P\V-*-; Enduring conversation To refinance or N\ 1 keepsakes L4-5 BANKER TO INDIA 6,7 not to refinance? 30,31 LOVE RULES Valentine's Day rings tills Inquiries and bookings show gloom has not dampened mood for romance A ECONOMY Updating Resilience Package Singapore may need to do128 words
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TOP STORIES
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Article117 2009-02-07 2 1 COMP 896.64 +16.69 IIKKEI 225 8,076.62 +126.97 IANGSENG 13,655.04 +476.14 ;et 444.39 +10.95 IAKARTA 1,350.64 +22.57 IAN I LA 1,942.48 +50.41 :ospi 1,210.26 +32.38 iHENZHEN B 301.88 +13.01 1UMBAI IND 9,300.86 +209.98 11am EDT Chanpe nam edt change |QW 8,217.43 +154.36 IASDAQ 1,573.00 +26.76 1NGAPORE 5.38 1ALAYSIA 5.88117 words
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Article338 2009-02-07 2 Una Galani - Una Galani BRE AKINGVI EWS.COM By TEMASEK is breaking the mould. The Singaporean sovereign wealth fund has appointed a foreign national, former BHP Billiton boss Chip Goodyear, as its new chief executive. The succession may be planned and orderly, but that doesn't make it any less radical. Mr338 words
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Article, Illustration870 2009-02-07 3 Vikram Khanna - Vikram Khanna How she changed the face and the portfolio of the institution By vikratn@sph.cotn.sg Singapore WHEN Temasek CEO Ho Ching steps down on Oct 1, it will mark the end or perhaps a continuation of a bold and ambitious innings that has transformedAFP - 870 words
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Article, Illustration503 2009-02-07 3 Oh Boon Ping - Oh Boon Ping Daily Telegraph report. By huwenbin@sph.com.sg Singapore CHARLES Goodyear, the incoming chief executive of Temasek Holdings, is no stranger to making long-term investments. The 51 -year- old American has previously helmed mining giant BHP Billiton, which takes long-er-term views on its projectsDaily Telegraph report. - 503 words
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Article, Illustration621 2009-02-07 4 Zeinab Yusuf - Zeinab Yusuf Valentine's Day bucks slowdown as hotels, florists cheer By zeinabs@sph.com.sg Singapore GOING by inquiries and bookings for Valentine's Day promotions at various hotels and florists, the most wrenching recession in Singapore's history has not dampened the mood for romance. Packages offered byYEN MENG JIIN - 621 words
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549 2009-02-07 4 Neena Mehra - Neena Mehra Any irregularity found in voting could derail plans to delist firm By btworld@sph.com.sg Hong Kong THE final hope of minority shareholders opposed to the privatisation of Hong Kong telecommunications giant now lies in the authorities finding irregularities in how voting549 words
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368 2009-02-07 5 Emilyn Yap - Emilyn Yap Current crisis has accelerated shift in financial power from West to East, it says By etnilyny@sph.com.sg Singapore WHILE Western banks are busy licking their wounds from the financial storm, Asian financial institutions could grow to wrest dominance from them,368 words
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Article, Illustration362 2009-02-07 5 Bloomberg PRESIDENT Barack Obama and former Federal Reserve chairman Paul Volcker yesterday named an advisory board drawn from business, labour groups and former government officials to provide an outside perspective on plans to revive the US economy. Mr Obama signed an executive orderBloomberg - 362 words
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Article298 2009-02-07 5 Reuters LATEST US DATA Washington US employers slashed 598,000 jobs in January, the deepest cut in payrolls in 34 years and the jobless rate shot up to 7.6 per cent, according to a Labor Department report yesterday that underlined a deepening recession. January's job losses wereReuters - 298 words
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345 2009-02-07 5 Jamie Lee - Jamie Lee By leejamie@sph.com.sg Singapore THE Securities Investors Association Singapore (SIAS) has urged investors of minibonds and other soured structured investment products to carefully assess whether to accept the compensation from the financial institutions (Fl) or to reject them. Ibis came345 words
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Page 2 Advertisements
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Page 2 Miscellaneous
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Miscellaneous80 2009-02-07 2 NEWS LIVING jfl Top stories 2-5 Shopping L 2-5 Raffles Conversation 6,7 Entertaining L 6 M Week In Review 8 WMWW^^^^t^ttK~A~ M The CEO Column 9 ¥(>/£, mtdm Companies 10-13 *f")p r"~'^) Singapore 14-17 ,v</ Letter From Abroad 18 fs, j^S^m World T9-22 Dining L 7-9 Stocks stats 23-27 Travel80 words
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THE RAFFLES CONVERSATION
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Article, Illustration2408 2009-02-07 6 Vikram Khanna - Vikram Khanna A livewire, effervescent personality who took over as SBl's chairman in 2006, Om Prakash Bhatt is a passionate advocate for his bank. By m m ~~T~ E are a cash suc- tion machine," says Om Prakash \l Bhatt, chairman V V of the State BankYEN MENG JIIN - 2,408 words
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Article76 2009-02-07 6 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean76 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK
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52 2009-02-07 7 THE economic storm that has engulfed the world is leading corporations to not only drop their sponsorship of race teams but also pare their hospitality budgets at races. Yet, local F1 organiser Singapore GP has hiked prices for its highest-end, three-day corporate52 words
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63 2009-02-07 7 THE government will dip into the country's reserves only in times of exceptional crisis and will not use them to support welfare and other programmes, Senior Minister Goh Chok Tong said on Sunday. And tapping the reserves to help the country ride out63 words
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45 2009-02-07 7 A FEW managers of Real Estate Investment Trusts may be touted for sale in the market by investment banks. But potential investors in such companies will soon be required to obtain official approval before buying in.45 words
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68 2009-02-07 7 A STARK warning by Barack Obama is demonstrating that he is far from being lulled by the efforts so far to rescue the US financial system. In an NBC television interview that was taped on Sunday, he said that some of America's troubled68 words
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67 2009-02-07 7 PROPERTY consultants are feeling the pain, with at least two major players cutting salaries and others reining in costs by shuffling staff around. CB Richard Ellis has cut salaries above $2,500 by up to 20 per cent while at DTZ, staff have volunteered67 words
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46 2009-02-07 7 DEVELOPERS are still hoping for demand-side government measures to boost the property market. They want the stamp duty reduced from about 3 per cent now, the collection of the tax deferred until TOP, and a return of the deferred payment scheme.46 words
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40 2009-02-07 7 KUALA Lumpur has quietly awarded three gaming companies 10 more special draws a year in a move to boost flagging government revenues ahead of a painful economic slowdown that could cost thousands of jobs.40 words
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38 2009-02-07 7 SINGAPORE'S central bank says a US$3O billion swap deal with the US Federal Reserve will be extended to Oct 30 six months longer than when the scheme was announced last year.38 words
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Article, Illustration77 2009-02-07 7 FEARS of a global trade war receded on Wednesday as US President Barack Obama promised to soften the "Buy American" stance indicated in an US$BOO billion stimulus plan. His about-turn came after sharp criticism by US trading partners notably the European Union,AFP - 77 words
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52 2009-02-07 7 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 Bank. That move had come in for criticism and caused the bank to be52 words
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61 2009-02-07 7 LABOUR chief Lim Swee Say gave his take on Wednesday on the ailments afflicting companies and described how the Jobs Credit Scheme was a powerful remedy that could save jobs while protecting workers' CPF. But he said that it should not be61 words
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46 2009-02-07 7 FINANCE Minister Tharman Shanmugaratnam told Parliament on Thursday that he would not be adding any new measures to the already large Budget but signalled the possibility of further dips into past reserves in the worsening economic environment.46 words
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Page 7 Miscellaneous
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Miscellaneous335 2009-02-07 7 CRYPTIC CROSSWORD ACROSS n —I —n —I —e —l—^ —[j —I —tg —I —r= i 9 William Hopper cast as a I Leave Virginia to supply 1 I private eye (6,7) food? Mostly (6) ~Bi S]| I j 14SpringinRaynesPark(3) 4 Caught, by bad luck, T5~ ■BrT"! 15 Drill team exercised335 words
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Miscellaneous82 2009-02-07 7 NEXT WEEK Feb 9-13,2009 US DATA Feb 10 Dec wholesale inventories Feb TI Dec trade balance Feb 12 Jan retail sales Dec business inventories Feb 13 Feb Mich sentiment prel SINGAPORE DATA Feb 9 Jan international reserves Feb 13 Dec retail sales and catering sales index EVENTS Feb 9 Eurogroup82 words
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FROM THE DESK OF
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Article, Illustration1124 2009-02-07 8 Jaspal Bindra - Jaspal Bindra The year of the Ox could well turn out to be the year when the world wakes up to the changing balance of economic power between West and East I FROM THE DESK OF Chief executive, Asia Standard Chartered Bank EXIT the year of1,124 words
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COMPANIES
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Article, Illustration515 2009-02-07 9 Kalpana Rashiwala - Kalpana Rashiwala It will defer building housing projects where construction contracts haven't been awarded By kalpana@sph.com.sg Singapore PROPERTY group Wing Tai will defer construction of housing projects where construction contracts have not been awarded. It did not name the projects in its second-quarterFILE PHOTO - 515 words
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714 2009-02-07 9 Ven Sreenivasan - Ven Sreenivasan By ven@sph.com.sg Singapore SINGAPORE Airlines (SIA) will report a huge $2.1 billion hedging loss equivalent to a loss per share of $1.70, says a local analyst. K Ajith of UOB-Kay Hian calculates that with jet fuel having slumped from US$ll9714 words
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Article, Illustration1072 2009-02-07 10 Vincent Wee - Vincent Wee CORPORATE FOCUS The USsl74b five-year plan could bring new rig orders, contract jobs. By BRAZILIAN oil giant Petroleo Brasileiro (Petrobras) recently announced its longawaited U*****.4 billion business plan for 2009--2013. The plan, which had been delayed twice as the state-runBLOOMBERG - 1,072 words
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301 2009-02-07 10 Oh Boon Ping - Oh Boon Ping By huwenbin@sph.cotn.sg Singapore THE Lexicon Group, which has unveiled plans for a reverse takeover (RTO) of a commercial property development group in China known as Zenna Overseas Ltd, has shed more light on the valuation of the business it301 words
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Article, Illustration565 2009-02-07 11 R Sivanithy - R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent A DRYING up of liquidity, quick rallies followed by equally quick declines and the return of rotational playing among penny stocks, mainly from China these were the hallmarks of yet another forgettable week in the local565 words
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Article393 2009-02-07 11 Jessica Yeo - Jessica Yeo By yeojess@sph.com.sg Singapore MORE companies issued profit warnings yesterday, for the quarter or financial year ended December 2008. The list includes Asia-Pacific Strategic Investments, China Dairy Group, Jadason Enterprises, Kinergy, Kyodo-Allied Industries, Pacific Healthcare Holdings and Sinostar PEC Holdings. Similar to other companies393 words
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Article118 2009-02-07 11 VOL CLOSE Colder 131,075 32 20 6.7 Chart SemiCond 44,911 24.5 0.5 2.1 foni lam 40,886 8.5 1.0 13.3 Cosco Cot 39,756 87 3.5 4.C Indo/ 38,185 62 4.0 6.9 fan! 30,292 1.5 3.4 CCtraitsAsia 29,017 90 1.5 1.7 Joble Gri 27,609 120 9.0 8.1 Cini ;Tel118 words
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Article58 2009-02-07 11 CLOSE UP CTXPO 100 1190 90.0 8.C iCBCCa| 5.1%NCPS100 9150 78.0 0.' JOB 5.05%NCPS 100 9500 70.0 o: ir China H 10US$ 1006 48.' 3.C Jardine C&C 1058 46.0 4.! cor India NifD 10 882 28.0 3.C 'ilmar 31' 16.0 5.. >el Con 432 15.0 3.( CPC 27858 words
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Article53 2009-02-07 11 CLOSEDOWN iUE 900 -1 50.0 -14.C A 1074 -32.0 -2.' CIA 200 1080 -24.0 -2.C iBS Gri 852 -15.0 -1." IMH 1976 -12.0 -0.. iBS Bk6% NCPS 10 9660 -10.0 -0.' ICBC Bk4.5%NCPS 100 8260 -10.0 -0.' 157 -8.0 -4.! CGX MBL iCW*****3 17 -6.5 -21: iBS 50053 words
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Article104 2009-02-07 11 litaLand 2.360 -0.020 CapitaMall 1.450 -0.050 Cifr 'Dev 5.370 +0.020 Cosco Corp 0.870 +0.035 iBS Gri 8.520 -0.150 :&N 2.810 +0.050 lent Intl 0.430 +0.010 iolden Agri 0.320 +0.020 IK Land 2.100 +0.040 IMH 19.760 -0.080 ISH 10.400 +0.020 lardine C&C 10.580 +0.460 lei Con 4.320 +0.150 Ceppel104 words
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Article373 2009-02-07 11 Brittany Khoo - Brittany Khoo By bkhoo@sph.com.sg Singapore CITIBANK analysts view 2009 as a year of two halves for financial markets: with the first half characterised by continued volatility and the second half offering opportunities. Giving their investment outlook for 2009, the analysts said that the near term373 words
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434 2009-02-07 12 Joyce Hooi - Joyce Hooi Group issues profit warning for FY2OOB By joyceh@sph.com.sg Singapore HAVING issued a profit warning yesterday, Auric Pacific Group is now pinning its hopes on where no one else dares this year, with a $100 million property fund in the works. The434 words
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517 2009-02-07 12 Chew Xiang - Chew Xiang By xchew@sph.cotn.sg Singapore A CREDITOR has applied to put mainboard-listed Jurong Technologies Industrial Corp under judicial management, the company said yesterday. Jurong Tech, a troubled contract manufacturer, said it was served court papers by an unnamed creditor yesterday on the proposed appointment517 words
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377 2009-02-07 12 Kalpana Rashiwala - Kalpana Rashiwala By kalpana@sph.com.sg Singapore GUOCOLAND's net profit for the second quarter ended Dec 31, 2008, fell sharply as revenue more than halved. But a key reason is that the quarter in review did not have the benefit of a huge foreign377 words
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Business briefing
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43 2009-02-07 12 FOUNDATION and geotechnical engineering specialist CSC Holdings has posted a 36.5 per cent fall in net profit to $7.5 million for the third quarter ended Dec 31, 2008. Revenue fell 6 per cent to $123.1 million.43 words
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92 2009-02-07 12 SIA Engineering Company (SIAEC) has pointed out that its bid for the Gulf Air contract "covers a more limited scope of services and fleet size, and a shorter tenure" than that between the carrier and its previous supplier. SIAEC was responding92 words
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Page 12 Advertisements
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Advertisement279 2009-02-07 12 W^fE9 [HATS. g!^ NOTICES IN THE MATTER OFTHE COMPANIES ACT, CAP. 50 AND KAISHEN FOOD CONCEPTS PTE LTD (Company No: *****1230M) At an Extraordinary General Meeting of KAISHEN FOOD CONCEPTS PTE LTD held on Friday, 23 January 2009, the following Special Resolution was passed: WINDING UP AND APPOINTMENT OF LIQUIDATOR279 words
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SINGAPORE
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Article, Illustration590 2009-02-07 13 Uma Shankari - Uma Shankari YESTERDAY IN PARLIAMENT I Older estates will be rejuvenated through the injection of new flats and residents By shankari@sph.com.sg Singapore THE government will spend $8.5 billion to revamp Singapore's HDB estates and develop the commercial nodes of Marina Bay, Jurong590 words
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489 2009-02-07 13 Uma Shankari - Uma Shankari By shankari@sph.com.sg Singapore THE government yesterday announced measures to help existing HDB home-owners and people looking to buy a new flat. To meet increased demand for smaller and more affordable flats, HDB will offer 2,000 studio, two- and three-room489 words
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Article, Illustration819 2009-02-07 14 Lee U- Wen - Lee U-Wen 2009 will be year that tests Singaporeans' strength of character, says MM Lee By leeuwen@sph.com.sg Singapore SINGAPORE may have to update its $20.5 billion Resilience Package by the end of this year, depending on the state of the United States economyLIANHE ZAOBAO - 819 words
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559 2009-02-07 14 Chuang Peck Ming - Chuang Peck Ming YESTERDAY IN PARLIAMENT By peckming@sph.com.sg Singapore WHEN the first Asia-Pacific Economic Cooperation Summit was held in Australia 20 years ago, the Berlin Wall fell that same week. When Apec meets and celebrates its 20th anniversary in Singapore later559 words
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829 2009-02-07 15 Anna Teo - Anna Teo Will China save the day for the region? Two banks hold different views By anna@sph.com.sg Singapore EVEN with the flurry of fiscal stimulus packages across Asia of late, more policy easing by Asian governments can be expected in the months829 words
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Article53 2009-02-07 15 China 0.8 5.1 0 5.9 Hong Kong 0 1.8 0 1.8 India 0.6 0.4 0.4 1.4 Indonesia 1.2 0.2 0 1.4 Korea 0.3 1 0.7 2 Malaysia 0.1 0.8 0.5 1.4 Philippines 0.6 0 2.4 3 Singapore 2 1.7 4.3 8 Taiwan 0.9 1.4 0 2.3 Thailand 2.4 0.253 words
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Article, Illustration236 2009-02-07 15 Singapore IN light of the current trying circumstances, jobseekers from the PMET category (professional, managerial, executive and technical) may want to consider job opportunities in the retail sector. Speaking on the sidelines of a visit to the Singapore Institute of Retail Studies (SIRS),236 words
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242 2009-02-07 15 Singapore THE Ministry of Health (MOH) will team up with nursing homes to help them achieve cost savings of at least 10 per cent by purchasing medical consumer goods in bulk. A steering committee has been set up with five homes to work242 words
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472 2009-02-07 16 Amit Roy Choudhury - Amit Roy Choudhury The two facilities of Hitachi Data Systems represent an investment of over $10m By amit@sph.com.sg Singapore HITACHI Data Systems (HDS), a wholly owned subsidiary of Japanese technology giant Hitachi, yesterday announced the opening of its new state-of-the-art business solutions centre472 words
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Article, Illustration360 2009-02-07 16 Nisha Ramchandani - Nisha Ramchandani By nishar@sph.com.sg Singapore ENHANCING distribution channels, outsourcing operations and adapting business models to suit the current environment are some of the measures airlines can take for a smoother ride. "Airlines are re-inventing themselves and creating new ways to do business,"BLOOMBERG - 360 words
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138 2009-02-07 16 Singapore THE Intellectual Property Office of Singapore (IPOS) and the US Patent and Trademark Office (USPTO) have launched a pilot programme to accelerate the processing of patent applications. Called the Patent Prosecution Highway, the pilot programme is scheduled to run for one year.138 words
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LETTER FROM ABROAD WITH ASCOTT
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Letter, Illustration694 2009-02-07 17 Chew Boon Hee - Chew Boon Hee IN the middle of 2006,1 packed my bags for Laos to assume a position at the greenfield brewery of Lao Asia Pacific Breweries Limited (LAPB), to oversee the brewing of homegrown Tiger beer. Having acclimatised to fast-paced "instant" Singapore, the laid-back lifestyle of the694 words
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Page 17 Advertisements
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Advertisement188 2009-02-07 17 DEFINING GLOBAL LIVING IN EUROPE France Georgia I Aix-en-Provence Tbilisi «3|~M j|. From the spacious exclusivity and refinement of Ascott to the pampering Bordeaux r- touches for the family at Somerset, or the vibrancy of independent city-living "Cannes «r I e£ > 'H__j*i' at Citadines, there is an Ascott International188 words
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Advertisement15 2009-02-07 17 THE ASCOTT GROUP A Member of CapitaLand This series is brought to you by TheAscottGroup15 words
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Page 18 Miscellaneous
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Miscellaneous87 2009-02-07 18 I^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l^l fl^* Sfc, A VALENT NE > S DAY SPECIAL THE LOVEJSSUE |k IN THE MOOD FOR LOVE fcfc^j Eight lovebirds recall their favourite Valentine's Day memories. \Tips on how to recreate them in your own special way L 2-3 SHOPPING Gifts that go a long way L 4-5 DINING87 words
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BT Living
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SHOPPING
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Article, Illustration2570 2009-02-07 19 Melissa Lwee - Melissa Lwee The season for love often invokes a heightened sense of creativity in lovers who let nothing be it expense or embarrassment stand in the way of expressing their affections. If the übiquitous dozen roses and candlelight dinner do not fit the bill for2,570 words
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Article, Illustration509 2009-02-07 21 Melissa Lwee - Melissa Lwee Valentine's Day may be all about roses, candy and candlelight dinners but in this economic climate, you might do better with gifts that can last a little longer. For a gift that's for keeps, check these out. By ACME Although flowers may die, a card caseYEN MENG JIIN - 509 words
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ENTERTAINING
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Article, Illustration1090 2009-02-07 23 Audrey Phoon - Audrey Phoon guest chef Find out what your partner appreciates and you've got the key to turning him or her on, says The Cliff chef Shawn Armstrong By LIKE any man with an incredibly finicky other half, Shawn Armstrong has it tough every Valentine's Day. As TheARTHUR LEE - 1,090 words
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DINING
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Article, Illustration2317 2009-02-07 24 Audrey Phoon; Jaime Ee - Audrey Phoon Jaime Ee Kitchen-challenged? Need to tighten your purse strings? Here are some ways to ensure your partner doesn't starve this Valentine's Day. By and IGet personal THE scores of other couples jostling for a table on February 14 usually snuffs out all2,317 words
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TRAVEL
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Article, Illustration1674 2009-02-07 26 Whether you want to say it with flowers a whole 19th-century garden-full or a midnight swim on a rooftop in London, these romantic hotels around the world will help spell out your love in proper fashion. By Audrey Phoon Say it with: flowers and a taste of old-worldTHE BERKELEY; VILLA CIMBRONE; VOYAGES LIZARD ISLAND; AMAN AT SUMMER PALACE, BEIJING - 1,674 words
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HEALTH
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Article, Illustration1244 2009-02-07 27 Amanda de Guzman - Amanda de Guzman If de-stressing is the catchword these days, then spas are the setting for it this month as they roll out their packages for couples. BT Weekend checks out two day spas in town, and gives you the low-down on other Valentine's Day deals Wen1,244 words
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Article, Illustration989 2009-02-07 27 Amanda de Guzman; Cheah Ui- Hoon - Amanda de Guzman Cheah Ui-Hoon The Aspara Spa Goodwood Park Hotel, 22 Scotts Road a 6732-3933 IT'S all coming up roses, even amidst the hustle and bustle of Orchard Road. Take in the serene garden views at the Aspara Spa at Goodwood Park989 words
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HOME & GARDEN
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Article, Illustration1054 2009-02-07 28 Melissa Lwee - Melissa Lwee personal space The Smiths are getting ready for a triple celebration on Valentine's Day a housewarming, a birthday and a first wedding anniversary. By A TRIPLE treat is in store for ex-law-yer Prisca Lo-Smith and her banker husband Michael Smith on Valentine'sJOHN HENG - 1,054 words
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GADGETS
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Article, Illustration665 2009-02-07 29 Christopher Lim - Christopher Lim Here are some picks of the latest and greatest tech gifts for your partner this Valentine's Day. By For him Desktop beast Dell XPS 730x, starts at $4,099 EMBRACE your man's obsession with gadgets, and you will win his undying gratitude. For many665 words
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SPORT
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Article, Illustration974 2009-02-07 30 Naveen Verghese - Naveen Verghese no holds barred naveen@sph.com.sg Executive Sub-editor RAFAEL Nadal took men's tennis to another dimension when he beat Roger Federer in the final ofthe 2009 Australian Open last Sunday. The Spaniard has now overcome the great Swiss in each of their last three Grand SlamBLOOMBERG - 974 words
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Article, Illustration581 2009-02-07 30 ChewXiang - ChewXiang xchew@sph.com.sg Journalist WAR was breaking out, 80m across the football field and deep in the players' tunnels, and nobody in the crowd heard a squeak until the wounds were put on display the next day. A brave photographer was hurt in the line581 words
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MOTORING
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Article, Illustration530 2009-02-07 31 Amid the current economic uncertainty, you don't have to downgrade for the sake of downgrading. Here are two sedans that offer great value for money. By Samuel Ee SOME cars offer the promise of a life-changing experience once you get behind the wheel. The Baa Cerato Forte may530 words
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Article, Illustration427 2009-02-07 31 TWO things about the new Honda City are likely to surprise you. The first is that this compact Japanese sedan feels like a bigger, mid-sized model and it's not just the cabin. The second is its price. The third-generation City may be Honda's entry-level model but427 words
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Article, Illustration515 2009-02-07 32 Samuel Ee - Samuel Ee German premium carmaker Audi is ramping up its branding efforts and launching six new models this year. By FOR most companies, 2009 may be a gloomy year of cost-cutting and consolidation but not at Audi Singapore. The brand with four interlocking rings is515 words
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Article, Illustration553 2009-02-07 33 Samuel Ee - Samuel Ee BMW's double clutch transmission which made its debut in the M3 is now available in a more ordinary though still very high-end version of the 3 series the 335L By VOLKSWAGEN first introduced it in its production cars, then Porsche. Now it is BMW's turn to553 words
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Article, Illustration342 2009-02-07 33 PARALLEL importer Vincar Pte Ltd has been offering the BMW 335i Coupe with the seven-speed sports automatic transmission since last month and it says those who have bought it so far appreciate the performance edge it has over the 335i Coupe with a conventional automatic transmission. Unlike the342 words
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WORLD
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550 2009-02-07 34 S Jayasankaran - S Jayasankaran But public sentiment seems to be shifting on 'crossovers', with many people expressing distaste for it By btworld@sph.com.sg Kuala Lumpur ZAMBRY Abdul Kadir, a state lawmaker from the United Malays National Organisation (Umno), was sworn in as Perak's new chief550 words
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Article, Illustration582 2009-02-07 34 Reuters Kuala Lumpur MALAYSIA'S government is ready to take "radical" steps to increase demand in its export-dependent economy and will discuss plans at a meeting next Tuesday, the country's deputy prime minister said. Malaysia has already injected US$2 billion to boost its economy and aReuters; FILE PHOTO - 582 words
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Article, Illustration738 2009-02-07 35 AP Based on method used by other economies, growth for last quarter '08 was almost zero Beijing IT is China's disconcerting secret: At the end of last year, its economic growth almost ground to a halt. Official data show growth slowed to 6.8AP - 738 words
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548 2009-02-07 35 NYT Guangzhou HUNDREDS of thousands of migrant workers are returning here earlier than usual from their home villages after the Chinese New Year holiday. Lugging their belongings in plastic sacks and cardboard boxes, they are hoping to find increasingly scarce jobs. ManyNYT - 548 words
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424 2009-02-07 36 Anthony Rowley - Anthony Rowley Brokerage aims to raise 300b yen by public offer of shares under shelf registration By btworld@sph.com.sg Tokyo JAPAN'S Nomura Holdings surprised the Tokyo stock market yesterday with an after-hours announcement that it has filed a shelf registration to issue up to 300424 words
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Article, Illustration622 2009-02-07 36 Reuters Tokyo TOYOTA, the world's top carmaker, said its losses were ballooning as world car sales slid. Toyota Motor's operating loss for the year to end-March would be 450 billion yen (557.4 billion), three times the loss it had forecast just sixReuters; AFP - 622 words
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362 2009-02-07 36 NYT, Reuters Washington A BIPARTISAN group of senators worked furiously in backroom negotiations on Thursday to cut the cost of the roughly US$9OO-bil-lion economic stimulus plan. Senate Democratic leaders said they would await the outcome of those talks before pushing forNYT, Reuters - 362 words
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491 2009-02-07 37 NYT The bank's focus now is on clawing its way back to profitability London WALL Street's finest may be grumbling over the new bonus restrictions imposed by the Obama administration, but it could be worse: They could be working for the RoyalNYT - 491 words
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269 2009-02-07 37 Bloomberg New York JEFFREY Immelt, General Electric (GE) chief executive officer, says capping management pay is "not conducive" to the best leadership while acknowledging "people are angry" at business leaders in general. US President Barack Obama and Treasury Secretary Timothy Geithner onBloomberg - 269 words
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Article, Illustration407 2009-02-07 37 AFP Frankfurt GERMANY'S biggest lender, Deutsche Bank, on Thursday posted its first annual loss since World War II after a terrible fourth quarter but said it would survive the global meltdown without state aid. Chairman Josef Ackermann said the bank would pull outAFP; REUTERS - 407 words
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SGX
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Article8671 2009-02-07 38 Ugh S2 Ugh IZ-wks Tel Low Code Company Last Sale Vol Day Last Quote COO0) High Low Buyer Seller Div i C'vr GrYld Net P/E M Cap Smil I 2.5 10 10.5 9 0 !6 19 1.5 8 38 6 2 J !1 3 !8 4.58,671 words
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Article1575 2009-02-07 41 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 50 5 1181 s AAGrp 52 16 8538 s APStrategic i 1 1501 s Advanced System 7 2 3480 t Adventus 58 105 3518 s Afor 52.8 2.7 1524 s Alantac 50 35 7814 s1,575 words
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Article173 2009-02-07 41 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 cum173 words
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Article48 2009-02-07 41 Up Down Unch 6 4 4 Up Down Unch OOP Up Down Unch 6 4 4 lulti Ind Tarufl Fact :unn; .ommerce -inance ,onst :rud :ion Tro\ >erties Totei SET >ervices las/ ler ;ure larr Active counters with no volume for todaj are not included.48 words
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Article778 2009-02-07 41 For week beginning Feb 2 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000) itock 'enguin Intl Ltd 6-Feb-09 ■nzer Corp 5-Feb-09 Hiap Moh Corp 5-Feb-09 Hiap Moh Corp 5-Feb-09 Hiap Moh Corp 5-Feb-09 5P778 words
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STOCK MARKETS
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364 2009-02-07 42 Feb S %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change World Index Preliminai 635.7 0.3 -6.2 0.1 -3.6 0.2 -7.7 EAFE Preliminai 609.9 -0.5 -6.1 -0.7 -5.2 -0.7 -9.3 Euro| Preliminai 865.8 -0.4 -5.0 -0.5 -5.5 -0.5 -9.5 Pacific 496.2364 words
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Article145 2009-02-07 42 Feb 6 lurrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 0.9850 Offer 0.9864 Bid 0.6549 Offer 0.6554 Canadian dollar 1.2145 1.2159 0.8075 0.8079 iuro 1.9199 1.9222 1.2765 1.2772 IZ dollar 0.7783 0.7796 0.5175 0.5180 jterlini 2.2158 2.2179 1.4733 1.4737 IS dollar 1.5040 1.5050 >$/US$145 words
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Article60 2009-02-07 42 FebjM COCOA (£/tonne) Close Prev Hit ;h/Low dar09 1966 1961 1969/1942 day 09 1943 1946 1946/1918 lui 09 1936 1941 1938/1913 Sep 09 1929 1933 1931/1910 :OFFEE (US$/tonne) Close Pev High/Low VUGAR (US tonne) /hite Close Prev Hig ghj ILow 1ar09 378.2 379.9 381.1/371.2 lay 09 377.2 375.1 378.7/370.060 words
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Article106 2009-02-07 42 Feb 5 _NS(_ (5,000 bu min; US< /60 lb bushels; Close i Previous High/Low vlar 09 980.00 949.50 987.75 946.2! vlay 09 983.25 953.75 991.00 950.01 lui 09 987.25 961.00 996.00 958.01 \ug09 978.50 952.25 981.50 950.01 SOYBEAN/OIL (60,000 lbs; usc/b) Close Previous High/Low ILow vlar 09 33.05106 words
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Article75 2009-02-07 42 FebjM CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 46.14 1.71 40.89 0.50 44.51 0.38 45.65 0.40 42.30 0.40 PRODUCT USS/barrel (FOB S'pore) Close Change ire] Naphtha Jet Kerosene 47.10 55.74 2.20 1.35 USS/barrel Opec Oil Basket Price75 words
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Article75 2009-02-07 42 Feb b\ GOLD (US$/oz) Feb 05 Feb 06 Hong Kong 904.80 906.90 905.80 907.90 Feb 04 Feb 05 London 904.65 916.45 906.65 918.45 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 19.38 19.15 Source: UOB PLATINUM Lon (US$/oz) Feb 05 Close Previous PM Fix 981.00 962.00 AM Fix75 words
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Article58 2009-02-07 42 Feb 6 )elivery 4onth Opening Range Sett Price Av Price Low Vol Done Open Positioi Hi, :eb09 /lar09 \pr09 /lay 09 1930 1925 1903 1899 1908 1880 1891 1887 Total o/p: ***** contracts 1935 1915 1119 2962 1913 1860 3803 ***** 1908 1854 7728 ***** 1893 1850 419958 words
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Article74 2009-02-07 42 Feb 5 tluminium, mrity (US$/I Nicl 'us: /tonne* lose Previous conne* Close Previous Cash 3 months Tin (US$/tonne' *****.00 *****.00 *****.01 *****.01 Cash months 1399.00 1433.00 1402.25 1439.00 lopper, Grade A *US$/tonne) lash J months ■ead (US$; 3297.25 3330.00 3381.50 3415.00 Cash 3 months Zinc, Special Hi} *****.0074 words
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PERSPECTIVE
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Article, Illustration967 2009-02-07 43 Chitra Divakaruni - Chitra Divakaruni Los Angeles Times Those who claim that Slumdog is filled with exaggerations and cliches need to remember that this is fiction By f UCCESS spawns uproar. 1 Great success spawns great uproar. This certainly has been the case with Slumdog Millionaire.Los Angeles Times; REUTERS - 967 words
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982 2009-02-07 43 Robert B Reich - Robert B Reich Los Angeles Times By WHY is this recession so deep, and what can be done to reverse it? Hint: Go back about 50 years, when America's middle class was expanding and the economy was soaring. Paycheques were bigLos Angeles Times - 982 words
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Advertisement80 2009-02-07 22 yj/J Michelin Star Chef |J>f FornellS\\, /feC Barcelona, Spain /i^a VS? 09-14 Feb V§£/ JMMmMWI £^\W\ l^winary Njmsfr^erid's »SS) 2009 Hailing from the most vibrant region of Spain, Chef Romain Fornell will showcase his most novel Catalonian-inspired creations. On Valentine's Day, indulge in a special 6-course menu. Set menu prices80 words
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Advertisement808 2009-02-07 25 Wine<Sdllie with BTWeekend Pine Court Chinese Restaurant former right-hand man to the Michelin star Peach Blossoms Level 5, Veuve Clicquot Rose Champagne at Global Level 35, Orchard Wing twin chefs Jacques and Laurent Poucel is set Marina Mandarin Singapore Kitchen ($128++), romantic sky-dining Meritus Mandarin Singapore to take the region808 words
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Advertisement54 2009-02-07 32 LAND ROVER DEFENDER SVX9O HUMMER H3 LUXURY "60th Anniversary" $126,988 $198,988 Available in Hard Top Soft Top Immediate Delivery 3-year/60,000km Warranty VINCAR PTE LTD where dreams become REALITY ALEXANDRA SHOWROOM, THE ALEXCIER, 237 Alexandra Road #01-13/14/15/16 TELI 6473 1119 ÜBI SHOWROOM, 61 ÜbiAv_2, AML Building #02-16/17/18 TELI 6749 1119 ViriUdr.tjLJiri.54 words
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Advertisement11 2009-02-07 34 TODAY'S BEST MUSIC i'■? i i r ONLY ON TOD-.VSBEB! MUSHC11 words
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Page 37 Advertisements
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Advertisement14 2009-02-07 37 Lianhe Zaobao S-chips look poisod I to rido on riso in China's stock market14 words
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Page 38 Advertisements
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Advertisement18 2009-02-07 38 ■A Le maitre de rhorlogerie depuis 18/5 P^jLWlSS^^l^l^L^lßk :mßr y^s"^1 Bp^j**>_iii^ For enquiries, Tel: (65) 6238 6678 www.audGmarspiguet.com18 words
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Wealth
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WEALTH INVESTING
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1075 2009-02-07 44 Genevieve Cua - Genevieve Cua We look at the various criteria you should consider before taking the plunge. By WITH ever lower interbank rates, it would seem that refinancing your home loan is a good idea. You could save on loan servicing costs and avail of a1,075 words
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Article, Illustration139 2009-02-07 44 Source: Morgan Mortgage Intl Fixed rate period 2years 2years 2years 2years Needtoseekcreditforquotation/case Interest rate Quotation isgiven after clients' documents are submitted Yearl 2.18% 3.15% 3.15% 3.40% Year 2 2.49% 3.15% 3.15% 3.40% Year 3 Thereafter: 3-month Thereafter:3.75% Thereafter:3.75% Sibor+1.75% Sibor+1.25% (MR-0.75%) (VR-0.75%) Year 4 onwards BaseMorgan Mortgage Intl - 139 words
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Article199 2009-02-07 44 Genevieve Cua - Genevieve Cua By PATRICK Tan, a former banker, set up his mortgage consultancy Morgan Mortgage International last year as he wanted to make a difference. He is intent on hiring disabled staff for his company. To date two have joined him on a part-time basis.199 words
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Article692 2009-02-07 44 Jamie Lee - Jamie Lee Singapore Airlines (SIA) Sell Citi Investment Research Feb 6 close: $10.74 SINGAPORE Airport Terminal Services (SATS), 81 per cent owned by SIA, reported Q3 FY2009 core profit of $39 million, down 4 per cent q-o-q and 24 per cent lower than the corresponding period last year.692 words
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Article, Illustration896 2009-02-07 45 Joseph Chong - Joseph Chong Logjams in the river need to be cleared but, despite the prevailing gloom, there are clear signs that things are improving By MONEY for nothing. *> Almost every country and industry has been affected by the aftermath of the credit andSTOCK.XCHNG; New Independent - 896 words
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Article, Illustration1163 2009-02-07 46 Bloomberg Managers of global macro funds gained 5% on average amid the carnage New York HEDGE fund managers on average lost 18.7 per cent of their clients' money in 2008, for the worst performance since at least 1990, according to HedgeBloomberg; STOCK.XCHNG - 1,163 words
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Article, Illustration1431 2009-02-07 47 Teh Hooi Ling - Teh Hooi Ling show me the money Companies that grow their total assets faster significantly underperform those with slower asset growth hooiling@sph.com.sg Senior correspondent GROWTH makes us happy be it personal growth like improving your skills in a certain area, or growth in yourSTOCK.XCHNG; Cooper.Gulen and Schi - 1,431 words
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WEALTH REAL ESTATE
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479 2009-02-07 48 Bloomberg Lack of supply, lower prices bolster deals. But analysts think it is too early to say market has stabilised Hong Kong SALES of Hong Kong luxury homes rose to their highest level in six months in lanuary, indicating that prices may have" Bloomberg - 479 words
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Article, Illustration550 2009-02-07 49 Kalpana Rashiwala - Kalpana Rashiwala Frasers Centrepoint brings cheer to market with sale of 80 units at Caspian's preview. By THE year's first major release of a private housing project has shown that there's still demand for projects priced attractively. Frasers Centrepoint had sold close toFILE PHOTO - 550 words
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Article, Illustration266 2009-02-07 49 Reuters Hong Kong CHINA Overseas Land, the largest local listed mainland property developer, said yesterday that the China property market has bottomed out and expects the overall property environment to improve in 2009. "The (China property) market had gone through a deepReuters; AFP - 266 words
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Advertisement322 2009-02-07 48 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (S$) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (S$) District3 District 18 NON-LANDED NON-LANDED Meraprime Apt 12/01/2009 99 840 752 895 Melville Park Apt 12/01/2009 99 1044 430 412 Districts Districts NON-LANDED LANDED322 words
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