The Business Times, 10 February 2009

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Microfilm: NL29654
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg %m A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Tuesday, February 10,2009
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  • Article
    Lock icon Rights issues to pad up CapitaLand, CMT war chests
    948 1  -  UMA SHANKARI Both issues offered at steep discounts; CapitaLand looking at acquisitions, CMT to pay off debt By [SINGAPORE] Singapore's biggest property developer CapitaLand and its listed retail trust CapitaMall Trust (CMT) yesterday announced two rights issues totalling some $3.07 billion.
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      46 1 lorn lay lange 1 COMP Closed IIKKEI 225 7,969.03 -107.59 IANG SENG 13,769.06 +114.02 SET INDEX Closed JAKARTA COMP 1,342.23 -8.41 1ANILA COMP 1,951.46 +8.98 ;eoulcomp 1,202.69 -7.57 iHENZHEN B 308.61 +6.73 IUMBAI IND 9,583.89 +283.03 11AM EST Change )OW 8,305.83 +25.24 IASDAQ 1,596.32 +4.61
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    • Article
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.38 MALAYSIA 5.88 HONG KONG 5.00 INDONESIA 16.396 TAIWAN 6.316 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.53 INDIA 13.00 Source: Bloomberg
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      44 1 IS$ (S$ per US$) 1.498 (USS/SS per 1.473 2.206 ;UR0 (USS/SS/E) 1.289 1.932 Foreign currency per US$ S$ 'EN 91.20 60.90 3.590 2.396 IK$ 7.754 5.175 !AHT 35.05 23.39 lUPIAH 11,738 7,834 lENMINBI 6.834 4.561 INDIAN RUPEE 48.62 32.45 1.500 1.001 1.887 1.259
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  • Article, Illustration
    Lock icon Investment company Ariel goes belly up
    492 1  -  CHEW XIANG Creditors' meeting slated for firm with a string of investment forays By [SINGAPORE] A private investment vehicle linked to investor Low Shiong Jin which took hefty stakes in listed companies such as Oculus, Enzer Corp, SNF Corp and China Yongsheng is going
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      76 1 m GRAMMYS BARCLAYS NISSAN Jv^JPk, BAFTAFILM J^/i<£b_ Tonic for Profits shrink, but Huge losses, AWARDS jft Imr' tough times it's not all gloomy jobs cut 1 'Slumdog' continues flw l»;" page 17 page 4 page 19 faQIL winning streak page 17 Emerging Enterprise Award 2009 l^^« 5360,000 in cash*, grants
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Rights issues to pad up CapitaLand, CMT war chests
        89 2 CAPITALAND and its listed retail trust CapitaMall Trust yesterday announced two rights issues totalling some $3.07 billion. CapitaLand said it will raise $1.84 billion in a l-for-2 rights issue to build up its war chest to $6 billion, from $4.2 billion
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      • Article
        Lock icon Investment company Ariel goes belly up
        54 2 A PRIVATE investment vehicle linked to investor Low Shiong Jin which took hefty stakes in listed companies such as Oculus, Enzer Corp, SNF Corp and China Yongsheng is going bust. The investment vehicle, Ariel Singapore, has appointed provisional liquidators, according to advertisements taken out
        54 words
      • Article
        Lock icon Scale of China's job woes ballooning: economists
        72 2 THE surprise acknowledgement last week by Chinese officials that 20 million migrant rural workers have lost their jobs because of factory closures in China's coastal provinces was a signal of official concern at a problem, according to informed sources. Yet even now it
        72 words
      • Article
        Lock icon Profits shrink, but Barclays dispels gloom
        68 2 BRITISH bank Barclays pic said yesterday that bonus payments across the bank would almost halve for 2008 as it reported a 14 per cent drop in annual profit and said it faces a tough year ahead. Its £6.1 billion (5513.5 billion) profit beat expectations,
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      • Article
        Lock icon CapitaLand Q4 earnings fall 88.4%
        76 2 PROPERTY giant CapitaLand yesterday posted a score-card that was in eclipse, as even the bluest of blue-chip players are being hit by the ongoing financial maelstrom. The group's fourth quarter net earnings fell 88.4 per cent year-on-year to $77.96 million, while full-year net profit slipped
        76 words
      • Article
        Lock icon SingTel mobile subscriber base grows 35%
        78 2 DEFYING weak market conditions, Singapore Telecommunications posted sturdy growth in both local and regional mobile subscribers last year. Its combined regional mobile customer base reached 232 million as at Dec 31, 2008, a jump of 35 per cent or 61 million from a year
        78 words
      • Article
        Lock icon Electricity tariff formula to be revised from Q3
        70 2 EFFECTIVE from this third quarter, the Energy Market Authority intends to use a revised formula which will be more reflective of the prevailing market prices of fuel to set electricity tariffs here. It is also considering an interim measure to enable smaller
        70 words
      • Article
        Lock icon Assessing impact of writedown on developers
        71 2 PROPERTY developers have side-stepped the issue of writedowns so far but it won't go away. Morgan Stanley, for one, has evaluated the potential negative impact on the income statements and balance sheets of developers in FY 2009 and FY 2010 by making assumptions on
        71 words
    • Article
      Lock icon Scale of China's job woes ballooning: economists
      871 2  -  ANTHONY ROWLEY They say Q4 growth well below official level and may have turned negative By in Tokyo THE surprise acknowledgement last week by Chinese officials that 20 million migrant rural workers have lost their jobs because of factory closures in China's coastal
      871 words
    • Article
      Lock icon Cover to protect exporting SMEs
      618 2  -  CHEN HUIFEN 3 major initiatives unveiled to make life easier for companies By [SINGAPORE] International Enterprise (IE) Singapore and Spring Singapore will be launching three major programmes to help facilitate credit, boost demand and build capabilities for the long term. Announcing these plans in Parliament
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    • Article, Illustration
      Lock icon Help and awards for emerging enterprises
      454 4  -  JESSICA YEO BT, OCBC and other partners launch registration for 2009 awards for SMEs By [SINGAPORE] This is one award where recognition comes with concrete help. The Business Times and OCBC Bank yesterday launched the process of registration for the annual Emerging Enterprise Awards,
      ARTHUR LEE  -  454 words
    • Article
      Lock icon CapitaLand shows it is ahead of the curve
      465 4  -  SIOW LI SEN It has moved fast as it realises that markets now like deleveraged outfits By [SINGAPORE] Slightly less than 12 months ago, CapitaLand boss Liew Mun Leong bragged about how the company still had access to the capital markets after
      465 words
    • Article, Illustration
      Lock icon Profits shrink, but Barclays dispels gloom
      699 4 Bank's showing is better than expected but bonuses will be cut [LONDON] British bank Barclays Pic said yesterday that bonus payments across the bank would almost halve for 2008 as it reported a 14 per cent drop in annual profit and said it faces
      REUTERS  -  699 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      315 2 Recent Transfer Pricing Developments in Singapore and China Date Tax authorities worldwide are increasing their vigilance on transfer pricing. Monday, 2 March 2009 Following its 2006 circular on transfer pricing, the Inland Revenue Authority of Singapore recently released several additional papers to foster transfer Time pricing compliance. 8.30 am to
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    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      167 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. 3 B8AT& NOTICES save tax \a\wm 5S 'iS'mw'X Our qualified professionals P/A-l BlMMirTTl''MiT^iTslL^yfJlllß. fl IpUrjll can assist you with offshore p J lAH!Yhr^WHh^!!l4^T*'*!PlM Bjfej^B^lf^l structures, shelf companies jff Lr^flß
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      262 3 Emerging Enterprise Award 2009 $360,000 worth of prizes to complete the picture of your business success |IB^W^^^^^^^^^^« j L^v *HB^Jill r^ H Bl^^^( L The prestigious Emerging Enterprise Award 2009 is jointly presented by The Business Times and OCBC Bank, and supported by SPRING Singapore, NUS Extension and RSM Chio
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      207 4 Your recession proof asset. Introducing the Helsinki School of Economics In these uncertain times, your best investment a wealth of management experience, who will is into your career development with the HSE become your networks of the future. Such talent Executive MBA Programme. and abilities cultivated through this dynamic programme
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CapitaLand finds '07 tough act to follow
      741 5  -  KALPANA RASHIWALA Full-year net profit halves to $1.26b after Q4 earnings plunge 88% By PROPERTY giant CapitaLand yesterday posted a score-card that was in eclipse, as even the bluest of bluechip players are being hit by the ongoing financial maelstrom. The group's fourth
      YEN MENG JIIN  -  741 words
    • SINGAPORE MARKETS
      • Article, Illustration
        Lock icon Traders sell ahead of expected Wall Street Monday slide
        569 6 STOCKS AS always, instead of reacting to how Wall Street performed the previous day, the local market moved yesterday in anticipation of how the US market might perform on Monday and the signs were not overly encouraging. The Straits Times Index
        Bloomberg  -  569 words
      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        92 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 2 8 3 0 0 0 2 8 3 Manufacturing 30 48 46 10 32 54 56 Commerce 10 17 17 10 20 19 )t/Stor/Comms 19 19 Finance 15 17 15 17 Construction
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      • Article
        Lock icon SECURITIES TRADING TURNOVER
        112 6 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 27,900 27,900 35,826 35,826 Manufacturing 203,850 3,491 207,341 117,435 359 117,794 Commerce 48,032 5,108 53,140 47,754 748 48,502 Tpt/Stor/Comms 87,413 87,413 174,210 174,210 Finance 40,748 40,748 284,831 284,831 Construction 22,260 10 22,270 1,803 1,803 Properties
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      • Article
        Lock icon STRAITS TIMES INDEX STOCKS
        104 6 Capita Land 2.360 CapitaMall 1.450 CityDev 5.160 -0.210 Cosco Corp 0.850 -0.020 DBS Grp 8.230 -0.290 F&N 2.760 -0.050 Gent Intl 0.435 +0.005 Golden Agri 0.330 +0.010 HK Land 2.180 +0.080 JMH 19.220 -0.540 JSH 10.300 -0.100 JardineC&C 10.280 -0.300 Keppel Corp 4.210 -0.110 Keppel Land
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      • Article
        Lock icon BROKERS' TAKE
        232 6  -  JAMIE LEE GuocoLand Feb 9 close: $1.06 DBS VICKERS SECURITIES, Feb 9 SLICED by the forex knife: Forex and mark-to-market derivative losses continued to offset what were already thin operating numbers from GuocoLand, leading to a 97 per cent plunge in net profit y-o-y to $0.9 million. With
        232 words
      • Article, Illustration
        Lock icon Correction in the offing for Reits?
        338 6  -  KEN TAI CHART POINT THE Straits Times Index (STI) has been trading sideways on thin volumes over the past one week and we do not expect the market lethargy to improve anytime soon. Judging by the constant stream of profit warnings, there is high
        338 words
      • Article, Illustration
        Lock icon CURRENCIES
        3 6 Source: Reuters
        Reuters  -  3 words
      • Article, Illustration
        Lock icon Wall St gains boost riskier currencies
        499 6  -  LARRY WEE RISKIER currencies came back into favour yesterday after US stocks brushed aside weaker US numbers late last week thanks to rising hopes that not just one, but two, US rescue packages will be announced this week. As soon as this evening, newly-ap-pointed
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      • Article, Illustration
        Lock icon STRAITS TIMES INDEX
        4 6 DAILY
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      • Article
        Lock icon OTHER SINGAPORE INDICES
        63 6 Feb 9 VALUE CLOSE BT OB/OS -203.00 -26.00 BT CADI -*****.00 -60.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 345.43 -5.47 FTSE ST Small Cap 280.36 -1.73 FTSE ST All Share 404.05 -7.32 FTSE ST China Top 185.26 -0.77 FTSE ST China 181.00 -1.38 UOB
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      • Article
        Lock icon MOST ACTIVE STOCKS
        59 6 VOLUME Golden Agri 130,947,000 Chart SemiCond 38,571,000 Sing Tel 36,466,000 DBS DBeCWO9O7I3 29,178,000 Straits Asia 27,156,000 Cosco Corp 23,168,000 Olam 17,800,000 Gallant 16,850,000 IndoAqri 16,684,000 Yanlord 16,139,000 VALUE(S) DBS Grp 132,532,425 Sing Tel 90,869,164 UOB 72,197,175 S I A 43,817,740 OCBC Bk 42,510,010 Golden Agri 42,336,820 SGX
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      • Article
        Lock icon RISES
        111 6 BY CENTS CLOSE UP 1050 150.0 16.7 QUE DBS Bk6% NCPS 10 9700 40.0 0.4 ICBCCai 5.1%NCPS 100 9180 30.0 0. OCBC Bk5.1%NCPS 100 9130 20.0 0.2 IS MSCI India 100 344 19.5 3.9 India Ni 10 900 18.0 2.' CIMBAsean40 100US$ 488 16.5 2.3 Korea 10US! 239 16.5
        111 words
      • Article
        Lock icon FALLS
        115 6 CLOSE DOWN 1922 -80.9 -2.7 JMH SIA 200 1040 -40.0 -3.7 S I A 1040 -34.0 -3.2 STXPO 100 1156 -34.0 -2.9 GLD 10US$ 8908 -33.0 -0.2 DBS 500 828 -31.0 -3.6 Jardine C&C 1028 -30.0 -2.8 DBS Gr| 823 -29.0 -3.. Cifr 516 -21.0 -3.! SPC 260 -18.0
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      • Article
        Lock icon CURRENCIES
        90 6 Wh lere S! i$ stands Feb 9 CHNG CLOSE FR Feb 6 YR 2008/2009 S$ LOW S$ HIGH uss 1.4965 0.37 1.5346 1.3457 Euro 1.9326 -0.45 2.2064 1.8640 Pounds 2.2180 -0.64 2.8431 2.0356 AS 1.0045 -1.46 1.3251 0.9068 Yen* 1.6359 0.55 1.7278 1.2619 Rill liah* 0.***** 0.32 0.***** 0.*****
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    • Article, Illustration
      Lock icon SingTel mobile subscribers growing
      498 7  -  LYNETTE KHOO Group customer base up 35% year on year, with S'pore base up 26% By DEFYING weak market conditions, Singapore Telecommunications posted sturdy growth in both local and regional mobile subscribers last year. Its combined regional mobile customer base (including for Singapore) reached 232 million
      BLOOMBERG  -  498 words
    • Article
      Lock icon Impairment charge hits Rickmers' Q4 earnings
      326 7  -  VINCENT WEE By RICKMERS Maritime Trust has posted a 23 per cent fall in net profit for the fourth quarter to US$7.2 million, due to US$3.5 million in provisions for impairment of a vessel. But the shipping trust recommended a distribution per unit (DPU)
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    • Article
      Lock icon MI-Reit ups Q3 distribution; refinancing talks still on
      351 7  -  EMILYN YAP By MACARTHURCOOK Industrial Reit (MI-Reit) yesterday reported improved results for the third quarter ended Dec 31, 2008, helped by rental income from additional properties acquired. But good news has yet to come on debt refinancing the Reit is still negotiating
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    • Article
      Lock icon First batch of SGX extended settlement contracts unveiled
      276 7  -  JAMIE LEE By THE Singapore Exchange (SGX) has unveiled 28 securities for the first batch of extended settlement (ES) contracts that begin trading on Feb 20. Except for three, the securities are component stocks of the Straits Times Index (STI). The securities
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    • COMPANY BRIEFS
      • Article
        Lock icon LMA Int'l posts US$855,000 Q4 loss
        50 8 LMA International NV, the maker of laryngeal mask airway products, posted a net loss of U*****,000 for the fourth quarter ended Dec 31, 2008 against net profit of US$2.5l million for the previous corresponding period. Net sales rose to U5527.36 million, from U5525.34 million.
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      • Article
        Lock icon Hiap Seng Engg clinches $63m project
        47 8 HIAP Seng Engineering has won a $63 million for the provision of mechanical, piping, painting and steel structures works for the Singapore NExBTL plant project. The works are expected to start in March 2009 and scheduled for completion by May 2010.
        47 words
      • Article
        Lock icon Raffles Edu invests in new college in Jakarta
        42 8 RAFFLES Education Corporation is investing 2.4 billion rupiah (Ss3ll,B47)inanew Raffles International College in Jakarta, Indonesia to offer advanced diplomas in such areas as fashion design, graphic design, interior design, and tourism and hospitality management.
        42 words
    • Article
      Lock icon Jurong Tech faces another bank demand
      244 8  -  CHEW XIANG By ANOTHER bank has demanded repayment from troubled contract manufacturer Jurong Technologies Industrial Corp. The company is facing judicial management after at least six other banks issued demands for over $200 million in the space of one month. The company has disclosed
      244 words
    • Article, Illustration
      Lock icon Wilmar risks selling bout
      545 8  -  CHEW XIANG But bigger free float will lift its weighting in MSCI index and STI, say analysts By WILMAR International's decision last week to streamline its shareholding structure to almost double its free float is likely to boost its weighting in stock indices but could induce
      FILE PHOTO  -  545 words
    • Article
      Lock icon Midas gearing up for Chinese demand
      533 8  -  LYNETTE KHOO By MIDAS Holdings, a likely beneficiary of China's stimulus package, is eyeing big-ger-sized projects from this year on. To meet an anticipated rise in demand for aluminium alloys, it is ramping up its capacity by 50 per cent to 30,000 tonnes with
      533 words
    • Article
      Lock icon Gallant needs to shed light on its land dispute
      902 8  -  LYNETTE KHOO GIVEN the recent spate of bad news in the corporate world, the piece of news on Gallant Venture's loss in a lawsuit could almost have gone unnoticed. Last month, BT obtained a court document which showed that Gallant's subsidiaries
      902 words
    • Article
      Lock icon At a glance
      168 8 Net profit refers to profit attributable to equity holders. Exchange rate: US$l =551.439 Bahti =550.041 Rickmers: Comparative figures based on actual results covering the period from Mar to Dec 2007 nm- not meaningful Full year ended Dec 2008 NET PROFIT TURNOVER CURRENT PREVIOUS| CHNG~ CURRENT PREVIOUS| CHNG
      168 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      188 5 ■SBHB9BS9 BS^ i BBS liilSi Bliißa 9 Bulk 4 Hr r'f WjMllvi www.servcoip.com.sg Mfcfej^ I Everything But The Overheads... I From $99* per month! No set up fees, no security deposit, month to month flexibility A Prestigious address for your business cards and letterhead M Access to over 300 boardrooms
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      105 6 mm^m^ \uo\\ rint-iViAUKii r voi.atii.ity SM W* ro-YQufAoyAMrAGir The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for both significant gains as
      105 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      178 7 r-^ I!^^^ Improving lives through I ,-^ddtiflHSl '"^IBI fl >^ JM>,^n Hitachi Transport Systems 1 t s The hassle-free way to commute. HHHEiilH^i^l| V^^ \x Hitachi's goal is to empower society in every aspect with 'j#^hfcflil Emml j&^MMJiik*. .Jfc >, Nm. advanced and eco-friendly technologies. It is this quest ~U'w%
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      237 8 RICKMERS MARITIME (Registration Number: *****03) (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will be closed at 5.00 p.m. on 23 February 2009
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  • SINGAPORE NEWS
    • YESTERDAY IN PARLIAMENT
      • Article, Illustration
        Lock icon Electricity tariff formula to be revised from 03
        660 9  -  RONNIE LIM TRADE AND INDUSTRY Using 3-month average will reflect prevalent oil prices, smooth out volatility By EFFECTIVE from this third quarter, the Energy Market Authority intends to use a revised formula which will be more reflective of the prevailing market prices
        660 words
      • Article
        Lock icon STB gives tourism a $90m boost
        300 9  -  NISHA RAMCHANDANI By TO keep tourism ticking in the short term and build capacity for the upturn, the Singapore Tourism Board (STB) is putting together a $90 million package Building On Opportunities to Strengthen Tourism (Boost). A key initiative is a promotional campaign based
        300 words
      • Article
        Lock icon JTC temporarily lifts 50% cap on sub-letting
        243 9 INDUSTRIAL landlord JTC wiU temporarily lift the 50 per cent sub-letting cap to help companies cope with the downturn. Revealing the move in Parliament yesterday, Senior Minister of State for Trade and Industry S Iswaran agreed with MPs that it will strain a
        243 words
      • Article
        Lock icon Government introduces $8m recycling fund
        432 9  -  JAMIE LEE MEWR Spread over 2 years, it will co-fund up to 80% of projects By BUSINESSES looking to invest in recycling can tap a new $8 million government fund, the Ministry of the Environment and Water Resources (MEWR) said yesterday. The fund, to be
        432 words
      • Article
        Lock icon Two new community hospitals in the works
        395 9  -  CHEN HUI FEN HEALTH By THE government will build two new community hospitals with 200 beds each as part of a bigger plan to deal with the ageing population over the next two decades. Each of the hospitals will be built close to
        395 words
      • Article, Illustration
        Lock icon Ministry raises Medisave limits for surgery
        463 9 MEDISAVE withdrawal limits for surgery will be raised to help patients cope with healthcare bills amid the downturn. The new limits will range from $250 for a minor procedure such as skin excision to $7,550 for a major procedure such as heart transplant surgery.
        463 words
      • Article
        Lock icon Laos to tap Singapore experience in reforming its finance ministry
        211 9  -  BRITTANY KHOO By IN the first partnership programme under the Singa-pore-World Bank memorandum of understanding signed last December, Singapore's public finance expertise is to complement the World Bank's development work in Lao People's Democratic Republic (PDR). Singapore Cooperation Enterprise (SCE),
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  • SMEInc
    • Article, Illustration
      Lock icon Trucking their way to the top
      799 10 Neu-Movers has come a long way since July 2007 when it had no assets, reports VICTOR KATHEYAS WHEN Neu-Movers Logistics started operating in July 2007, it had no assets to its name and no office to speak of. Management would gather at a canteen
      ARTHUR LEE  -  799 words
    • Article
      Lock icon Portfolio still holding up
      410 10  -  TEH HOOI LING By DESPITE continued poor market sentiment in the past week, our small-cap portfolio held up pretty well. In fact, it edged up half a percentage point, while the blue chip Straits Times Index declined 1.3 per cent. More stocks advanced than declined in
      410 words
    • EMERGING ENTERPRISE
      • Article, Illustration
        Lock icon McCoy expands by leaps and bounds
        907 11 Award-winning components distributor goes regional, reports CHEN HUIFEN BARELY nine months have passed since McCoy Components won the inaugural Emerging Enterprise award but how things have changed for the firm. The business plan the electronics components distributor submitted for the competition last year has
        ARTHUR LEE  -  907 words
      • Article, Illustration
        Lock icon Transparency paves the way for loans
        800 11  -  JESSICA YEO OCBC head of Emerging Business talks about loans to SMEs in the midst of credit crunch By TRANSPARENCY is the grease for companies to get loans, says OCBC Bank's head of Emerging Business, Enterprise Banking Tan Chor Sen, who urges small and
        ARTHUR LEE  -  800 words
    • Article
      Lock icon We're in for many rainy days
      578 12 THIS WEEK'S TOPIC What do you think of the move to dip into Singapore's past reserves to fund part of the $20.5 billion Resilience Package? John Koh Managing director WMRC I AM in favour of the government dipping into our reserves to fund part
      578 words
    • Article, Illustration
      Lock icon Bringing live television to your in-flight console
      872 13 TECHNOLOGY INNOVATION Frontier aims to be the first to develop satellite TV receivers for aircraft, reports AMIT ROY CHOUDHURY IN-FLIGHT entertainment systems play a huge part in making long-haul trips bearable for most travellers. So it's no surprise that airlines that provide good
      ARTHUR LEE  -  872 words
    • Article
      Lock icon Help available for technology innovation
      220 13 TECHNOLOGY can help businesses create new products, improve existing processes, find new ways to serve customers and develop new business models. SMEs, in particular, can benefit greatly from creative use of technology because of their small size and flexibility. Many SMEs have used this to
      220 words
    • Article, Illustration
      Lock icon SMEs must look to the future
      856 13  -  CHEN YEW NAH By A KEY question for Singapore is how its SMEs have fared since the economy began to take a turn for the worse in September last year. As a key contributor to employment and economic growth, the SME sector is inextricably
      FILE PHOTOS; SME Development Survey Report 2008  -  856 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      106 10 11 KijTlM*!! I M I ll* fJ Suntec City Office Towers |||^H^^^H ■■^■■■■■■■■■■KJH The Business Capital of Asia HMiiiilißWlililii— MliiW^| BMHBWilfflßffiffiWWtß Prestigious Business Address HI, MH MM HUH HIHHi IB Panoramic city, Fountain of Wealth and sea views EGO^&i|tt&G^9ia3Ma3SiH^^HHMEwMMiQiGMnl Integrated ancillary business facilities Pl^ Units from 1,000 sq ft to
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  • Page 10 Miscellaneous
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  • Page 11 Advertisements
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      105 11 jC^l Emerging t f_w Enterprise This is your chance to give your business a powerful boost with *****,000 in cash (interest-free loan), grants and professional services endorsed by established names in the world of business. Up to three deserving SMEs stand to receive one of the year's most prestigious honours.
      105 words
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  • Page 12 Advertisements
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      1214 12 NANYANG EXECUTIVE MBA f Global Leadership for the Asian Century "Associat/Sean e" Date Saturday, 21 Feb 2009 The Business School with Singapore's #1 MBA* Time i.3opmtospm programme j CRanked One of the Top 25 Global MBA programmes, Financial Times 2009) wndiy register your attendance at I www.execed.ntu.edu.sg The Nanyang Executive
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  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      82 12 jME The topic for next week's SME Voices column is "Recent parliamentary debate has centred on the impact and relevance of the Jobs Credit Scheme. What are your views on the issue? Do you think the scheme goes far enough in helping to save jobs, and should there be preconditions
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  • Page 13 Advertisements
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      29 13 SPRING Singapore Enabling Enterprise This is the third of a six-part series brought to you by Spring Singapore and The Business Times highlighting how SMEs are innovating through technology.
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan's current account surplus takes a dive
      455 14 AFP, Bloomberg Surplus plunges 34.3% to 16.28tyen as crisis crushes demand for exports [TOKYO] Japan's current account surplus shrank at a record pace in 2008 as the economic crisis hit exports, while machinery orders fell for a third-straight month in December, official figures
      AFP, Bloomberg; Finance Ministry, AFP  -  455 words
    • Article
      Lock icon China calls for tougher stance on richer nations
      488 14 -Reuters [BEIJING] China, setting out its stall for the next global financial summit, wants the International Monetary Fund (IMF) to get tougher with developed countries that let their economies run off the rails. In a position paper prepared for the April 2
      -Reuters  -  488 words
    • Article
      Lock icon Business confidence in BRIC plummets
      289 14 Reuters [HONG KONG] Business sentiment in BRIC economies has plunged as the financial crisis takes its toll, with companies now bracing for a modest decline in revenues this year in contrast to forecasts just last summer for strong growth, a survey showed. Manufacturers in Russia
      Reuters  -  289 words
    • Article
      Lock icon Norwegian government proposes 100b kroner lending package
      302 14 -AP STIMULUS PLANS Plan will help ease loan access, stabilise finance sector [OSLO] Norway's majority government proposed a 100 biUion kroner (5522.25 billion) package on Sunday to boost lending to businesses and consumers, and stabilise the finance sector in the oil-rich country. Prime
      -AP  -  302 words
    • Article
      Lock icon Kuwait unveils US$5.15b stimulus
      312 14 -AP [KUWAIT CITY] Kuwait's Central Bank governor unveiled a US$5.l5 billion economic stimulus package on Sunday aimed at helping struggling investment companies and offering bank loan guarantees. Sheik Salem Abdul-Aziz Al Sabah said the plan presented the best solutions possible at the lowest cost to the
      -AP  -  312 words
    • Article, Illustration
      Lock icon German economy minister quits
      392 14 AFP [BEßLlN] German Chancellor Angela Merkel scrambled yesterday to replace Economy Minister Michael Glos after his shock resignation with Germany in recession and a general election only seven months away. The 64-year-old Mr Glos said he was stepping down due to his age and the need
      AFP  -  392 words
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      1260 14 W^ NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF S.H.A. HOLDINGS PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****5515G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of
      1,260 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon DAP backs Anwar as opposition alliance leader
      624 15 Reuters The party's move comes one day after its chief asks Anwar to step down [KUALA LUMPUR] A key Malaysian opposition party said yesterday it continued to support Anwar Ibrahim as the leader of a threeparty alliance following calls for him to step
      – Reuters  -  624 words
    • Article
      Lock icon Indonesia bank to spin off Islamic unit
      267 15 Reuters Move follows govt's expected halving of required capital [JAKARTA] Indonesia's fourth-largest lender, PT Bank Negara Indonesia Tbk, expects to spin off its Islamic banking unit in the first half of 2009 in a bid to tap growing demand for Islamic financial products.
      Reuters  -  267 words
    • Article, Illustration
      Lock icon New law to help Bank Negara work effectively
      250 15 Bernama [KUALA LUMPUR] Bank Negara is to table a new Central Bank Act in Parliament, the central bank's governor Zeti Akhtar Aziz said on Sunday. The proposed Act would provide the central bank with the powers and instruments to perform its roles
      Bernama; FILE PHOTO  -  250 words
    • BRIEFLY ASIA
      • Article
        Lock icon Ping An against Fortis' asset sale
        100 15 Reuters [BRUSSELS] Chinese insurance group Ping An, the largest shareholder in Belgian-Dutch financial group Fortis, said on Sunday it intended to vote against the sale of Fortis assets at a key vote next week. "Since September 2008, the decisions to sell assets were driven
        ■ Reuters  -  100 words
      • Article
        Lock icon Wipro eyeing European acquisitions
        65 15 Reuters [PARIS] India's No 3 software services exporter, Wipro Ltd, which has a cash chest of US$5OO million, is looking for acquisition opportunities, notably in Europe, its chairman and founder told French daily Les Echos. Azim Premji said he was eyeing "a few acquisition opportunities, notably
        – Reuters  -  65 words
      • Article
        Lock icon Jakarta sees inflation easing till 1H 2010
        69 15 Reuters [JAKARTA] Indonesia's central bank said in a report released yesterday that the country's annual inflation rate was expected to continue easing until the first half of 2010, pulled down by slower domestic demand. The central bank, which released the comments in a
        – Reuters  -  69 words
  • Page 15 Advertisements
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      481 15 Reduce risk. Raise returns. Diversify your portfolio with SaxoTrader. A I T I V^^^fl wt\-.hT 13 W Iw M V Current volatile market conditions have left many Forget the days of having multiple accounts and traders questioning their investment strategies, multiple passwords to compare prices in the While some may
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Beijing warns India over trade probes
      263 16 Reuters [BEIJING] China is greatly concerned about recent Indian trade probes into its goods, the Commerce Ministry said yesterday, warning New Delhi to exercise restraint or face severe damage to bilateral ties. India last month banned imports of several types of toys from China
      – Reuters  -  263 words
    • Article
      Lock icon Satyam's long-term plan by next week
      154 16 Reuters [NEW DELHI] The board of fraud-hit Satyam Computer Services will decide on a long-term action plan, including a possible sale, in the next seven to 10 days, its chairman said yesterday. Kiran Karnik, who was last week appointed by the government as the
      Reuters  -  154 words
    • Article, Illustration
      Lock icon China stocks face twin pressures
      709 16 Reuters Economy's entered a downward cycle that will last at least 3 years: Goldman [SHANGHAI] The dramatic rally of Chinese stocks this year is not sustainable and the market remains likely to trade in a narrow range for most of 2009, pressured by slower economic
      Reuters; Bloomberg  -  709 words
    • Article, Illustration
      Lock icon Delhi expects growth to slow to 7.1%
      593 16 Reuters [NEW DELHI] India expects its economy to expand 7.1 per cent in the year ending in March, the slowest pace in six years, boosting expectations for fresh government stimulus measures and more interest rate cuts from the central bank. Final growth figures
      – Reuters; AFP  -  593 words
    • Article
      Lock icon China says no protectionism in stimulus effort
      425 16 -AP [BEIJING] China promised yesterday to avoid "Buy China" protectionist measures in its multibillion-dollar stimulus and appealed to other governments to support free trade. "China will not practice 'Buy China'. We will treat domestic and foreign goods equally so long as we need
      -AP  -  425 words
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      538 16 Corporate Office Look Image, Industrial 1 Building FlexibleTerms for AnchorTenant Sizes from 10,000--130,000sqf •Walking Distance to Paya Lebarand Eunos MRT Easy Access to City Centre and Major Expressway (PIE,CTE,ECRKPEand Nicoll Highway) Near Residential Estate with Public Amenities In House Canteen and Near to Food Centres Ample Parking with Floor Loading
      538 words
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  • FILM, MUSIC AWARDS
    • Article, Illustration
      Lock icon Some of the winners
      158 17 Photos: Reuters, AP BEST FILM Slumdog Millionaire LEADING ACTOR Mickey Rourke The Wrestler LEADING ACTRESS KateWinslet, The Reader DIRECTOR Slumdog Millionaire, Danny Boyle SUPPORTING ACTOR Heath Ledger, The Dark Knight SUPPORTING ACTRESS Penelope Cruz, Vicky Cristina Barcelona OUTSTANDING BRITISH FILM Man On Wire FILM NOT IN
      Photos: Reuters, AP  -  158 words
    • Article
      Lock icon 'Slumdog Millionaire' continues winning spree
      473 17 Reuters BAFTAS [LONDON] Low-budget Indian drama Slumdog Millionaire swept Britain's BAFTA film awards on Sunday winning best film, director and five other categories, giving it another boost ahead of the Oscars later this month. Slumdog Millionaire, a British picture about a young man from the
      ■ Reuters; ■LAT-WP  -  473 words
    • Article, Illustration
      Lock icon Taking it to the max
      871 17 GRAMMYS Thunderous night offers tonic for an industry facing tough times [LOS ANGELES] If the apocalypse is here, we might as well enjoy it. Stomp down the doors of your comfort zone. Hook up with unlikely new friends. Get noisy. Have a party before the
      REUTERS, AP  -  871 words
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      63 17 .ftnffliftnfe£ JWMI3® the big name in seafood AUSTRALIAN LOBSTER PROMOTION I (From now till 30th of April) JUMBO Group of Restaurants East Coast Seafood Centre Tel: 6442 3435 Serangoon Gardens Country Club Tel: 6383 3435 Riverside Point Tel: 6532 3435 The Riverwalk Tel: 6534 3435 Singapore Indoor Stadium Tel: 6440
      63 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Obama counting on Wall St to revive economy
      784 18 NYT He is focusing on private investors such as hedge funds to buy toxic assets [NEW YORK] Wall Street helped produce the global financial and economic crisis. Now, as the Obama administration prepares to unveil a revised bailout plan for the banking
      NYT  -  784 words
    • Article, Illustration
      Lock icon German exports slow down as recession deepens
      649 18 -AFP [FRANKFURT] Germany, a powerhouse in the world economy, said yesterday that its key export sector flagged in December when imports surged in a sign its recession may have deepened at the end of last year. "The export data seamlessly fit into the
      -AFP; AFP  -  649 words
    • Article
      Lock icon Brown calls for end to big-bonus culture
      224 18 -AFP [LONDON] British Prime Minister Gordon Brown called time yesterday on the current culture of big bonuses for City of London bankers. "The old short-term bonus culture is gone," he told a conference in London. "No rewards for failure, rewards only for long-term
      -AFP  -  224 words
    • Article
      Lock icon Deadly bushfires claim 131 lives
      396 18 Reuters Police believe some of the fires were deliberately lit [WHITTLESEA, Australia] Weary firefighters and rescuers pulled the remains of dozens of people from charred buildings yesterday as the death toll rose to 131 from Australia's deadliest bushfires. "Everybody's gone. Everybody's gone. Everybody. Their houses
      ■ Reuters  -  396 words
    • Article, Illustration
      Lock icon Investor Jim Rogers takes issue with US policies
      515 18  -  JOYCE HOOI By PRESIDENT Barack Obama's policies on foreign trade and US government bailouts came under heavy fire yesterday from financial experts Joel Stern and Jim Rogers. Mr Stern and Mr Rogers believe unequivocally that Mr Obama's proposed restrictions on foreign trade
      515 words
    • Article
      Lock icon Swiss chocolate proves to be crisis resistant
      235 18 AFP [GENEVA] Swiss chocolates eased their way through the financial and economic crisis in 2008 with record sales for the fifth consecutive year, the industry association said yesterday. The national chocolate makers association, Chocosuisse, is also counting on further expansion abroad this year,
      AFP  -  235 words
    • Article, Illustration
      Lock icon Nissan Q3 loss tops 83b yen; 20,000 face axe
      430 19  -  ANTHONY ROWLEY It'll introduce work sharing to save jobs, cut directors' pay, erase their bonuses By in Tokyo NISSAN Motor yesterday joined global leader Toyota and other leading Japanese vehicle makers in declaring major financial losses and big job cuts. Announcing
      AP  -  430 words
    • Article
      Lock icon Nomura stock takes a hit from share sale plan
      491 19 Bloomberg [TOKYO] Nomura Holdings Inc, Japan's biggest brokerage, fell the most in more than 34 years in Tokyo trading yesterday after saying it may sell as much as 300 billion yen (554.9 billion) of common stock to replenish capital. Nomura dropped
      Bloomberg  -  491 words
    • Article, Illustration
      Lock icon NYSE Euronext posts US$1.34b Q4 loss after merger writedown
      282 19 Bloomberg [NEW YORK] NYSE Euronext, the world's largest owner of stock exchanges, has reported a fourth-quarter net loss of US$l.34 billion, or US$5.O6 a share, after making a US$l.59 billion writedown related to the acquisition of Euronext. Excluding some items, profit
      Bloomberg; REUTERS  -  282 words
    • Article
      Lock icon Pacific islanders seek to buy land as sea levels rise
      298 19 Bloomberg [NEW DELHI] Kiribati, a Pacific island-nation in danger of being submerged because of global warming, may purchase land elsewhere to relocate its people, President Anote Tong said. "We would consider buying land," Mr Tong said in an interview in
      Bloomberg  -  298 words
    • Article
      Lock icon Half of British firms feeling credit squeeze: survey
      336 19 Reuters Same proportion also fear conditions will worsen [LONDON] Nearly half of British companies had trouble getting access to new finance at the end of last year, and the same proportion expect conditions to get worse in the coming months as the
      ■ Reuters  -  336 words
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      1861 19 V<^ riVv^Tinr r< To"free: 180°-289-8822 V IVIII l-( V Email: notices@sph.com.sg _L^l V^>/ M. J. V_> -I—(kJ www.cats.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 N-l TUBULAR INTERNATIONAL PTE LTD f [Co. Reg. No. *****5510R] I J MEMBERS' VOLUNTARY J LIQUIDATION At an Extraordinary General SSSSd ««*\*m TRANSVIEW
      1,861 words
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  • AVIATION
    • Article, Illustration
      Lock icon Passenger traffic at Air France dips 1.9%
      326 20 Bloomberg Drop in January cargo volume is steeper as recession restrains trade [PARIS] Air France-KLM Group, Europe's biggest airline, yesterday said that January passenger traffic fell 1.9 per cent and cargo shipments plunged as the global recession reduced demand for business travel and
      – Bloomberg; BLOOMBERG  -  326 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2580 20 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,580 words
    • Article
      Lock icon Pilot recounts Hudson River landing
      283 20 Bloomberg [NEW YORK] "Miracle on the Hudson" pilot Chesley "Sully" Sullenberger 111, speaking in his first interview, said he knew right away he was in a "very bad" spot after a flock of birds struck his Airbus A320 over the Hudson River last month. The
      ■ Bloomberg  -  283 words
    • Article
      Lock icon Passenger drought at Korean 'ghost' airport
      242 20 -AFP S Korean paper says it should be shut down or privatised [SEOUL] A US$26O-million South Korean airport has become a "ghost airport" with not a single passenger in the past three months, officials and a news report said yesterday. Yangyang International Airport on
      -AFP  -  242 words
    • Article
      Lock icon Crude to average US$75: KAL
      159 20 Reuter [SEOUL] Korea Air Lines Co Ltd, South Korea's largest carrier and the world's top cargo airline, said yesterday it expects US crude oil prices to average US$75 a barrel in 2009, down from U5599.75 a barrel in 2008. In line with the drop, the
      Reuter  -  159 words
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      171 20 BT/ZUJI Deals of the Week yQ[)si£ I. JBBB. J9§ffv. 11l JHgd h BkA IB^^^B DEAL OFTHE WEEK ECONOMY CLASS (fr HOTEL (frs) BUSINESS CLASS PACKAGE (frs) (Flight 4 star hotel) I N6W YOrk $1,636 Cathay Pacific $140 6D4N $7,318 Cathay Pacific DESTINATION ECONOMY CLASS HOTEL BUSINESS CLASS PACKAGE (frs) WEATHER
      171 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      316 20 CRYPTIC CROSSWORD ACROSS I It goes all in for amending 9 Suppose the mail is delayed m^ after you are reported? (9) i 10 Animal that lows with ener- g lie f II One's pub has nothing in j such a pressure line (6) 12 Savage and disgusting noisy birds
      316 words
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  • SHIPPING
    • Article, Illustration
      Lock icon China shipping stocks ride higher on better freight outlook
      320 21 Bloomberg Rebound in rates seen as an indicator the economy is stabilising [SHANGHAI] China Cosco Holdings Co, the world's largest dry-bulk carrier, led gains by shipping stocks after the Baltic Dry Index more than doubled this year as demand for raw
      – Bloomberg; FILE PHOTO  -  320 words
    • Article
      Lock icon New vessels help lift Bourbon Q4 sales
      163 21 Bloomberg [PARIS] Bourbon SA, owner of the world's biggest fleet of supply ships for deep-water oil exploration, said fourth-quarter revenue rose 30 per cent as it put new offshore vessels into service. Sales rose to 258.2 million euros (Sssoo million) from 198.2 million
      Bloomberg  -  163 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        102 21 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.26 0.19 0.85 0.32 0.65 0.40 0.04 0.65
        102 words
      • Article
        Lock icon KLSE
        31 21 '000 J1ISC Bhd yiISC Foreign yisia Bulk Carrie JCB Holdings Jepline Bhd 'DZ Holdings 8.55 8.50 2.75 2.42 unch 0.08 0.20 0.10 0.18 -0.02 unch unch 5: 147' 141! I
        31 words
      • Article
        Lock icon BANGKOK
        12 21 '00 ■recious Ship Jegional Cont 13.10 6.65 0.80 1687' -0.20 352;
        12 words
      • Article
        Lock icon HONGKONG
        6 21 '000 toil 19.62 -0.68 1551
        6 words
      • Article
        Lock icon PHILIPPINES
        20 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.10 12.00 unch unch 0.10 unch unch unch 3181 100;
        20 words
      • Article
        Lock icon TAIPEI
        19 21 Evergreen Marine ....13.20 :irst Steamship 34.05 ManHai Lines 13.55 r"ang Ming Marine ....9.40 -0.40 -0.45 -0.25 -0.15 1
        19 words
      • Article
        Lock icon TOKYO
        37 21 '000 :awasaki Hvylnd ..169.00 -5.00 ***** :awasaki Kisen 395.00 -6.00 6380 /litsubishi Hvy 316.00 -3.00 ***** /litsui Eng&Sbldg ..146.00 -3.00 ***** /litsui Osk Lines 608.00 -21.00 ***** Jippon Express 329.00 unch 3140 JipponYusen 506.00 4.00 *****
        37 words
    • Article
      Lock icon 5 Korea court limits tanker liability for oil spill
      331 21 -AFP [SEOUL] A South Korean court yesterday accepted a request to limit the total compensation payable by the owner of a Hong Kong supertanker, which has been partly blamed for causing the country's worst oil spill. The court in the western
      -AFP  -  331 words
    • Article
      Lock icon China shipyard orders seen falling this year
      250 21 Reuters [SHANGHAI] China State Shipbuilding Co and other Chinese shipyards are expected to see a significant drop in new ship orders this year for the second straight year as the global financial crisis takes a toll on the once-booming sector, the Shanghai Securities
      – Reuters  -  250 words
    • Article
      Lock icon China Shipping to issue bills
      98 21 Reuters [SHANGHAI] China Shipping Development Co, a major coal and oil carrier, said yesterday it planned to issue up to five billion yuan (551.09 billion) of bills to help fund ship orders and pay off bank debt. The bills, with a maturity of no more
      Reuters  -  98 words
    • Article, Illustration
      Lock icon Dubai's DP World adds Djibouti feather to its cap
      1142 21 AP Modern cargo port at mouth of Red Sea poised to capture growing traffic up and down east African coast [DORALEH, Djibouti] The hulking, modern cargo port unveiled here over the weekend with song and dance honouring Djibouti's Somali and Afar
      AP  -  1,142 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon How to set pay scales for top executives
      458 22 SHAMEFUL and irresponsible that was how US President Barack Obama described Wall Street bankers after he learnt that they were preparing to pay themselves tens of billions in bonuses even as their banks were begging the government for some US$7OO billion to
      458 words
    • Article, Illustration
      Lock icon Protectionism is economic suicide
      931 22  -  SHADA ISLAM SHADA ISLAM Any effort to close off markets will worsen the grim economic climate, not improve it By in Brussels EUROPEAN Union leaders have spent the last few weeks raging against a controversial "Buy American" provision in President Barack Obama's draft economic stimulus bill.
      REUTERS  -  931 words
    • Article, Illustration
      Lock icon Obamaniacs should accept the hard facts of politics
      807 22  -  LEON HADAR THE BOTTOM LINE DURING the 2008 presidential race, candidate Barack Obama's meteoric political rise reminded some observers of Chance the Gardener aka Chauncey Gardiner, the character played by Peter Sellers in the 1979 film, Being There (adapted from a novel
      807 words
    • Article, Illustration
      Lock icon Face it, Keynes can't help us now
      1440 23  -  NIALL FERGUSON LAT-WP In the current financial crisis, the better way to go will be to reduce debt, not increase it By IT began as a sub-prime surprise, became a credit crunch and then a global financial crisis. At the recent World Economic
      LAT-WP; BLOOMBERG  -  1,440 words
    • Article
      Lock icon Making bad banks good
      691 23  -  HUGO DIXON By HOW can a bad bank be good? That's the question the United States, Germany and the United Kingdom are wrestling with as they move to clean up their banks' balance sheets. All three are close to adopting "bad bank" solutions. The Obama administration
      691 words
    • Letter
      Lock icon Keppel Land sticks to policy of annual valuation at year-end
      319 23 LETTER TO THE EDITOR WE refer to your "Hock Lock Siew" column, "Write down and start selling" (BT, Feb 9). Keppel Land wishes to reiterate that no provisions or writedowns for its residential land bank and investment properties were necessary
      319 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8597 24 Transaction date: Feb 9 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Yld COOP) High Low Buyer Seller C'vr Net P/E M Cap Sinil Company 9 3 3148 8Telecom 12.5 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABRHIdgs
      8,597 words
    • Article
      Lock icon SGX CATALIST
      1756 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      1,756 words
    • Article
      Lock icon SGX XTRANET
      71 25 52-Wk Tel High Low Code Last Sale Vol COOO) Day 111 Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _Hm ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 IS S&P500 ***** ***** 6170 SPDRS 335
      71 words
    • Article
      Lock icon CLOB INTERNATIONAL
      61 25 Hii Low Code Comi >an' Sale fOOO] Hii Low Bui rer Seller C'vr P/E Sinil 88 30.5 6000 AVJennings 12 4 6134 Over&Gen 27 6 6017 StarCruises 248 104 6019 TanChonglnt A33 A8 US8 HK107 -3 unch 5 559 33 8.5 31 7.5 31 8 100 38 13
      61 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8857 25 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.415/ AIGIF Spore Bond Fund/A 1.188/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.64/ APS Alpha Fund (USD)!** 0.42/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5654/ APS Komaba Global
      8,857 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      60 24 m -n iwSmK^ mMm the edward piguet watch iUDEMARSPIGUET Jfc. IBM H the birth of a great date Le maltre de I'horlogerie depuis 1875 vs£^r fjlim W> THE WATCH OF YOUR LIFE \S^5 M VHill Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED W^ 341 River Valley Road #01-01
      60 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 26 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb6 World Index Preliminary 649.9 1.8 -4.1 1.3 -1.9 1.7 -5.7 t EAFE Preliminai 619.5 1.6 -4.6 1.1 -4.2 1.6 -7.' Euro[ Prelim inan 882.5 1.9 -3.2 1.7 -3.8 2.2 -7.! Pacific
      363 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 26 As at 9am Feb9 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9960 1.0300 Can dollar 1.2170 1.2330 Euro 1.9270 1.9520 NZ dollar 0.7880 0.8060 iterlini ind 2.2050 2.2330 US dollar 1.4850 1.5020 Local dollars to 100 units of foreign currency:
      131 words
    • Article
      Lock icon INTERBANK RATES
      165 26 Feb9 fer Overnight 1-month 2-months 3-months Overnight mode: .03 ys$ 1/16 7/16 9/16 11/16 Offer PAR 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.45 0.60 1.20 1.60 1.90 2.30 2.50 Offer 0.35 0.50 0.80 1.10 1.50
      165 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 26 Feb9 ten Jii Sett STI SIMSCI Feb 211.6 212.2 202 Taiwan Feb 173.6 173.7 170.6 Source: MF Global (S) He. Ltd
      24 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 26 Feb9 SS Bid Offer 1-month 1.4976 1.4988 2-months 1.4970 1.4983 3-months 1.4964 1.4978 6-months 1.4953 1.4969 Source: OCBC
      21 words
    • Article
      Lock icon PALM OIL
      65 26 FebS KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Feb 09 1930 1925 1935 1915 1119 2962 Mar 09 1903 1899 1913 1860 3803 ***** Apr 09 1908 1880 1908 1854 7728 ***** May 09 1891 1887 1893
      65 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      300 26 Feb9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.8500 98.9050 98.8750 98.7450 ***** 4628 4328 1857 EUROYEN TIBOR FUTURES MarO9 99.345 99.345 JunO9 99.450 99.450 SepO9 DecO9 Mar10 Jun10 Sep10 Dec10 99.345 99.450 99.345 99.445 99.510 99.510 99.470 99.410 99.350 99.305 2426
      300 words
    • Article
      Lock icon SICOM FUTURES
      178 26 Feb9 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Mar 09 150.0 AprO9 152.5 May 09 JunO9 Jul 09 Aug 09 150.0 152.0 150.0 152.0 153.5 153.5 153.5 153.0 40 60 620 1035 886 963 522 254 TSR 20
      178 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 26 Feb9 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****H 14.05.09 1-Year BY*****V 02.11.09 0.29 0.39 0.25 0.18 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 NY*****X
      88 words
    • Article
      Lock icon CHICAGO BOT
      102 26 Feb 6 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 1001.00 980.00 1007.75 976.75 May 09 1006.00 983.25 1011.75 981.50 Jul 09 1012.00 987.25 1017.25 985.00 AugO9 1005.00 978.50 1004.25 987.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 33.40 33.05 33.54 32.94
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 26 CRUDE OIL PRODUCTS Feb6 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 46.55 0.41 WTI (Near Mth) 40.16 -0.73 Dubai (1-Mth F) 45.70 1.19 Tapis blend 47.65 2.00 Minas 44.30 2.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 49.67 56.78 2.57 1.04 US$/barrel Opec Oil Basket
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    • Article
      Lock icon INTERBANK CROSS RATES
      461 26 Feb9 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.819 4.557 0.517 5.170 32.416 78.266 0.608 9.208 2.394 1.258 52.817 31.306 0.999 6.519 0.777 22.442 23.371 0.453 0.667 Canada 1.222 5.567 0.632 6.316 39.600 95.609
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    • Article
      Lock icon SIBOR
      75 26 Feb9 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 2.***** 0.***** SWAP Offer rates 1 mth 2 mths 3 mths (S$) 0.***** 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 26 Feb9 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9984 0.9998 0.6666 0.6670 Canadian dollar 1.2200 1.2210 0.8145 0.8146 Euro 1.9308 1.9327 1.2891 1.2894 NZ dollar 0.7934 0.7947 0.5297 0.5302 Sterlini ind 2.2051 2.2076 1.4722 1.472! US
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    • Article
      Lock icon PRECIOUS METALS
      139 26 Feb9 GOLD (USS/oz) Feb 09 Feb 06 Hong Kong London 902.20 906.90 903.20 907.90 Feb OS Feb OS 911.70 916.45 913.70 918.45 Source: Thomson Reuters CAST BAR (S$) FebO9 Buying Sellim Kilobar ***** PAMP GOLD BARS (S$) Selling ***** Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz
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    • Article
      Lock icon LONDON METALS
      69 26 Feb6\ Co iri iiuiii, yy.i (US$/tonne) Close Previous Cash 1434.00 1399.00 3 months 1468.00 1433.00 Copper, Grade A (US$/tonne) Cash 3 months 3507.00 3540.00 3297.25 3330.00 Lead (US$/tonne) Cash 3 months 1174.00 1185.00 1135.75 1145.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      70 26 Feb6\ COCOA (Btonne) Close Prev Hii ih/Low Mar 09 2000 1966 2007/1965 May 09 1971 1943 1975/1943 Jul 09 1963 1936 1965/1936 SepO9 1955 1929 1959/1929 COFFEE (US$/10tonne) Close Pev High/Low Mar 09 1665 1649 1674/1644 May 09 1680 1662 1690/1659 SUGAR (US tonne) White Close Prev High/Low Mar
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    • Article
      Lock icon BONDS & WARRANTS
      2294 26 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 1 17 156 1.50 1 87 1358 12.00 42 18 )092 Asia Environment W*****4 0.5 1 38 235 23.00 6 1481 Asia
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      2817 27 Shipping Times m m^^ lAWlilM(i!!^^fij^i]!f!JJi.^JlM M\\ wan hai international pte ltd Mr i^ij^tfPJPPJPI k&h^ fflftffl II V \|kt\ lA/AM UAI I IMCC T!L*****588 U4 lines) fax: *****163 rf^^^l*^!^^ HDSS2EwBSS V\ N» YwJ%W n/\l LlllO FKL TEL: <03| *****55S FAX: (03) *****28S PEN TEL: (04) *****00 FAX: (04)*****99 JOH TEL:(O7) *****23
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      4640 28 f^^^^^^^^^^^H |1 E EASTERN CAR LINER, LTD I IgJ^flD lODE LB B?^**aW Uf—^ mL— i SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS j^^jj ■UlUißltUßl^H B VOY I Romp(KT) I Lillinq(KT) I MUA I SIN I PKL I LCB I )KT I SUR I PCL/PHL SERVICE AMX SERVICE Connecting ECL
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  • PROPERTY
    • Article, Illustration
      Lock icon Downtown Las Vegas in need of a facelift
      1131 29 L J. L_* V> Mayor pushes for new city hall, resort, office, residential, commercial space [LAS VEGAS] Travel north on the Strip, past the glittering islands of the Bellagio, Excalibur, Venetian and other resorts, and keep going it finally appears like a
      L J. *_*. L_* *_/ V>; AP  -  1,131 words
    • Article
      Lock icon M'sian Rubber Board talking to developers
      426 29 [KUALA LUMPUR] The Malaysian Rubber Board (MRB) is in talks with several property companies to gradually develop its properties and land bank along this city's prime and upmarket Jalan Ampang worth over RMI billion (Ss4l7 million), says a report in Malaysia's Business Times (MBT).
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    • Article
      Lock icon NZ home prices still sliding
      237 29 Reuters QV's January index falls 8.3% as buyers expect further drops [WELLINGTON] New Zealand house prices fell for the seventh month in a row in January, with the pace of decline picking up, government agency Quotable Value (QV) said yesterday. QV's residential house price index
      Reuters  -  237 words
    • Article
      Lock icon Morgan Stanley factors in writedowns
      972 30  -  ARTHUR SIM It reckons that there is a high risk of buyers defaulting under the DPS By [SINGAPORE] Property developers have side-stepped the issue of write-downs so far but it won't go away. Morgan Stanley, for one, has evaluated the potential negative impact on the
      972 words
    • Article
      Lock icon Gillman en bloc sale to proceed
      196 30  -  UMA SHANKARI By [SINGAPORE] The Court of Appeal yesterday dismissed an appeal by the minority owners of Gillman Heights to stop the collective sale of the property. CapitaLand, Hotel Properties and two private funds agreed to buy the property in 2007 for $548 million.
      196 words
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      Lock icon HK home prices unlikely to fall below Sars levels
      703 30 Bloomberg Limited supply has bolstered values, say property analysts [HONG KONG] Investors waiting for Hong Kong home prices to fall to levels last seen during the 2003 severe acute respiratory syndrome (Sars) epidemic may be disappointed as limited supply bolsters values.
      Bloomberg; AFP  -  703 words
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      389 29 GOOD CLASS BUNGALOW EWART PARK tr*2m"W I Land Size: 15,200 sqft I 1 I Within Ikm from Henry M I RARE OPPORTUNITY TO ACQUIRE I APARTMENT IN f "1 I NASSIM MANSION ,^-fiP^ I 1 I U^T^Tn|n^JJl^Jpyi^/^w t~ |H PVPI PV Orchard Road I m^l L*j ■■l* -M t■ i
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      93 30 ZAP HERE for the latest property updates! To Zap*: 1. Install the ColorCam™ software in your mobile phone by a. typing the word 'Zap sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the ColorCam™ software (located either in "Games" or "Applications" folder in your
      93 words