The Business Times, 19 February 2009

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Microfilm: NL29655
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Thursday, February 19,2009
    23 words
  • Article, Illustration
    Lock icon OSIM gets rid of the Brookstone around its neck
    794 1  -  JOYCE HOOI $77m write-off puts lifestyle products group in the red to tune of $99m for 2008 By [SINGAPORE] Almost four years after it sought a global stage by acquiring Nas-daq-listed Brookstone Inc, OSIM International is taking a curtain call in
    Bloomberg  -  794 words
  • Article
    Lock icon Property buyers hit a bump on sliding valuations
    837 1  -  SIOW Ll SEN Banks slash loan amounts before disbursing them By [SINGAPORE] The rapid slide in property prices has resulted in some banks slashing the loan amount to borrowers just before it is disbursed. This has put property buyers in a quandary,
    837 words
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      Lock icon Page 1 Advertisements Column 1
      55 1 8"*****r*****<V More than 250 years of continuous history __Ui__i]i&__4__^__li_l__i__ Km!E_______lJ__W I-I-817i.il aJfSm^m, fl I>B IMVI3 rfl fl Jd 3 rl TJ M R^-_-^H HBKTr^W" FMr MX H' //^V'^' V--V^-_-.""\. Ti I^^^* VACHERON CONSTANTIN J§i Manufacture Horlogere. Geneve, depuis 1755. Service Centre Richemont Luxury (Singapore) Pte Ltd Tel: (65) 6317 2588
      55 words
  • Page 1 Miscellaneous
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  • TOP STORIES
    • Article
      Lock icon Automakers give Wall St US$18b to think about
      649 2  - Automakers give Wall St US$ 18b to think about ANDREW MARKS Price tag for government bailout of GM and Chrysler now hits USs39b Bj in New York A MASSIVE sell-off on Wall Street on Tuesday made it clear that fear is once again back in the driving seat in the
      649 words
    • Article, Illustration
      Lock icon GM raises the stakes
      431 2  -  ANTONY CURRIE By WHY should US taxpayers give General Motors another US$l6 billion in aid? After all, just two months ago the ailing US carmaker claimed the first US$l3 billion would do the trick. Because, as the company's executives argue in the recovery plan they submitted
      BLOOMBERG  -  431 words
    • Article
      Lock icon COE premiums soar across the board
      367 2  -  SAMUEL EE By [SINGAPORE] COE premiums soared across the board yesterday as car buyers gave a knee-jerk response to last week's announcement that the new quota year for Certificates of Entitlement will be 24 per cent smaller. Last Thursday, the government announced that the
      367 words
    • Article
      Lock icon Class action looms for financial institutions
      431 2 Investors of soured investments plan to go to court in April [SINGAPORE] A group of 260 investors in failed investment products such as Lehman Minibonds are planning to take class action against financial institutions in April, according to Channel News Asia. Of these investors,
      431 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon OSIM gets rid of the Brookstone around its neck
        55 2 ALMOST four years after it acquired Nasdaq-listed Brookstone, OSIM International is taking a curtain call in the form of a $77.31 million write-off on its investment. This brings its net loss for FY2OOB to $99.44 million against a profit of $3.13
        55 words
      • Article
        Lock icon Property buyers hit a bump on sliding valuations
        58 2 THE rapid slide in property prices has resulted in some banks slashing the loan amount to borrowers just before it is disbursed. This has put buyers in a quandary, forcing them to either top up the difference or pay a penalty for
        58 words
      • Article
        Lock icon US carmakers give market US$18b to think about
        59 2 A MASSIVE seU-off on Wall Street on Tuesday made it clear that fear is once again back in the stock market. Now, the market has something else to worry about as GM and Chrysler asked for another US$l4 billion in order to
        59 words
      • Article
        Lock icon COE premiums soar across the board
        56 2 COE premiums soared across the board yesterday as car buyers gave a knee-jerk response to last week's cut in Certificates of Entitlement. Cat A for cars below 1,600 cc jumped $3,440 to $4,460, while Cat B for cars above 1,600 cc spiked up $4,200
        56 words
      • Article
        Lock icon Outflows show trust leaving unit trusts
        43 2 MORE unit trust investors seem to be losing for lack of a better word trust. According to fund tracker Lipper yesterday, a net $1.52 billion left the Singapore fund market in Q4 2008. TOP STORIES, PAGE 3
        43 words
      • Article
        Lock icon OCBC's Q4 profit falls 30% to $301m
        54 2 OCBC Bank's net profit fell 30 per cent to $301 million in the fourth quarter compared to a year earlier, a bigger drop than analysts had expected. Sharply lower profits from its insurance subsidiary Great Eastern Holdings also dragged down the group's earnings.
        54 words
      • Article
        Lock icon M&C posts lower profits on impairment, revaluation
        71 2 MILLENNIUM Copthorne Hotels yesterday announced lower fourth-quarter and full-year net profits due chiefly to impairment charges and revaluation deficits and a halving in dividends to conserve cash. It also warned of rough weather ahead and revealed that group revenue per available room for
        71 words
      • Article
        Lock icon Senoko to forge ahead with power plant revamp
        52 2 ELECTRICITY demand continued to shrink in the past two months as the economy slowed further. But generating company Senoko Power will stick with its $750 million plan to re-power its plants and also buy some liquefied natural gas as fuel. SINGAPORE NEWS,
        52 words
      • Article
        Lock icon KL likely to scrap bumiputra share equity condition
        52 2 WITH the exception of hypermarkets, the Malaysian government is likely to scrap guidelines aimed at increasing bumiputra participation in the distributive trade sector as part of liberalisation efforts to promote confidence among foreign investors and shore up a rapidly slowing economy. MALAYSIA/INDONESIA,
        52 words
      • Article
        Lock icon Warning signs as investors pile into Chinese stock market
        70 2 CHINESE investors rushed to join the world's biggest rally this year just as HSBC Holdings and CLSA Asia-Pacific Markets said the gains are unsustainable. The Shanghai Composite Index surged 31 per cent this year even as exports slumped the most in
        70 words
    • Article
      Lock icon Outflows show trust leaving unit trusts
      453 3  -  EMILYN YAP Net leakages of $1.52b from fund market in Q4 '08 By [SINGAPORE] More unit trust investors seem to be losing for lack of a better word trust. According to fund tracker Lipper yesterday, a net $1.52 billion left the Singapore fund market
      453 words
    • MARKETS DIGEST
      • Article
        Lock icon PRIME RATES
        29 3 Bloomberg SINGAPORE 5.38 MALAYSIA 5.91 HONG KONG 5.00 INDONESIA 16.467 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.53 INDIA 13.00 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon MARKETS
        41 3 LLCOMP 895.23 -3.30 IIKKEI225 7,534.44 -111.07 IANG SENG 13,016.00 +70.60 LET INDEX 439.60 +1.38 JAKARTA COMP 1,330.61 +12.57 IANILACOMP 1,892.90 -7.67 LEOULCOMP 1,113.19 -14.00 LHENZHEN B 310.60 -8.05 IUMBAI IND 9,015.18 -19.82 11AM EST Chane )OW 7,521.06 -31.54 IAS DAI
        41 words
      • Article
        Lock icon FOREX
        42 3 IS$ (S$ per US$) 1.528 (US$/S$ per 1.426 2.180 ;UR0 (US$/S$/E) 1.261 1.927 Foreign currency per US$ S$ 'EN 92.60 60.60 3.656 2.393 IK$ 7.755 5.075 !AHT 35.31 23.11 LUPIAH 11.950 7.821 LENMINBI 6.837 4.475 INDIAN RUPEE 49.73 32.54 1.561 1.022
        42 words
    • Article
      Lock icon Housing starts hit record low
      468 3 -Reuters, AP LATEST US DATA [WASHINGTON] Big industry production throttled back in January due partly to car shutdowns, and housing construction tumbled to a record low, weaker-than-expect-ed performances that show the US caught in a worsening economic tailspin. The Federal Reserve reported yesterday that production
      -Reuters, AP  -  468 words
    • Article
      Lock icon OCBC trims bonuses and pay hikes
      462 3  -  SIOW Ll SEN However, changes won't kick in until 2010 and no layoffs are on the horizon By [SINGAPORE] OCBC is reviewing its bonus structure to take into account new market realities, although staff will be relieved to know that the changes won't kick
      462 words
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      579 2 A MATS IN THE MATTER OF THE IN THE MATTER OF IN THE MATTER OF COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AND AND YU TAI CEREALS OIL IN THE MATTER OF IN THE MATTER OF FOODSTUFFS PTE
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  • Page 3 Advertisements
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      277 3 4-i Vorsprung durch Technik www.audi.com.sg _r*""""*"«s_ /^^C'/ir'/Cs^ MWm^^ W^Gt^Jw V\ i"^ "**W Mm jr^mmw^mmT^ W m. Lmm fl 3*^ |A CLobaL Audi ambassador /XIIOI mmm' y zK/ l«^ Lorena Ochoa Awm j mMIpJ V^/V World No. 1 women's golfer m 7 nM&k V^\ <_ -_^^L_ HSBC Women's Champions V _^fe_
      277 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon OCBC's Q4 profit falls 30% to $301m
      778 4  -  CONRAD TAN Provisions, fee slump hurt earnings but interest income rises sharply By OCBC Bank's net profit fell 30 per cent to $301 million in the fourth quarter compared to a year earlier, a bigger drop than analysts had expected, as fee income
      ARTHUR LEE  -  778 words
    • Article, Illustration
      Lock icon M&C posts lower profits on impairment, revaluation
      735 4  -  KALPANA RASHIWALA By MILLENNIUM Copthorne Hotels (M&C) yesterday announced lower fourth-quar-ter and full-year net profits due chiefly to impairment charges and revaluation deficits and a halving in dividends to conserve cash. The London-listed hotel arm of City Developments Ltd (CDL) also warned of
      735 words
    • Article
      Lock icon Are analysts still underestimating risks?
      666 4  -  R SIVANITHY WHEN Singapore Airlines released its third-quarter results last week, some analysts were quick to pounce on the fact that its fuel hedging loss was less than expected and they issued a "buy" on the stock, with target prices set as high as $14.
      666 words
    • Article
      Lock icon TT Int'l in deal to get $50m loan injection
      505 6  -  JAMIE LEE Proposed loan comes under an investment agreement with HK company By DEBT-RIDDEN trading company TT International (TTI) could get a cash injection of $50 million a proposed investment in the form of a loan from a Hong Kong-based investor.
      505 words
    • Article, Illustration
      Lock icon Two independent directors of Advance SCT resign
      526 6  -  LYNETTE KHOO By TWO independent directors (IDs) of copper recycling firm Advance SCT have resigned, accusing the management of lack of cooperation to help them discharge their duties. Their leaving, which took effect on Tuesday, came just days after the abrupt resignation of
      526 words
    • Article
      Lock icon At a glance
      168 6 Full year ended Dec 2008 Three months ended Dec 2008 NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS (S,m) (Sl.nn) CHNG NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS I CHNG (S:,m) (S:,m) 1 OCBCBank 1,749.00 2,071.00 -15.5 4,427.00 4,281.00 2 NSL 76.75 109.38 -29.8 357.83
      168 words
    • Article
      Lock icon Asian investors' appetite for risk lower in Feb
      267 6  -  JESSICA YEO By ASIAN investors still have a subdued appetite for risk, State Street Global Markets has found. Its Asian Index for Global Investor Confidence fell 2.7 points to 83.8 in February, against a worldwide rise of 12.7 points to 72.9. Barclays
      267 words
    • Article
      Lock icon Hyflux Q4 profit slides 41.7% on impairment charges
      515 6  -  CHEWXIANG Sales soared but raw materials costs also surged By HYFLUX yesterday reported fourth-quarter net profit fell 41.7 per cent to $13.4 million from $23 million a year ago, hurt by a $5.2 million impairment of trade and other receivables taken in
      515 words
    • Article
      Lock icon UIC adviser says UOL's $1.20 a share offer not fair
      475 6  -  UMA SHANKARI By I THE independent financial adviser appointed by United Industrial Corp (UIC) to evaluate a takeover bid from UOL Group said in a Feb 17 circular to shareholders that UOL's offer price of $1.20 a share is "not
      475 words
    • Article
      Lock icon Chip Eng Seng Q4 profit climbs 9.7%
      427 7  -  BRITTANY KHOO Revenue saw bigger jump as contribution from construction projects rose 67% By CONSTRUCTION and property development group Chip Eng Seng Corporation's fourth-quarter revenue soared by more than half to $96.8 million, from $60.6 million in the previous corresponding period. But net
      427 words
    • Article, Illustration
      Lock icon Roxy-Pacific's Q4 profit declines 68% to $2.9m
      414 7  -  ARTHUR SIM By ROXY-PACIFIC Holdings has reported net profit of $2.9 million for its fourth quarter ended Dec 31, 2008, a decline of 68 per cent from $9 million a year ago. Revenue for the quarter was $30 million, down 26 per cent
      FILE PHOTO  -  414 words
    • Article
      Lock icon CIT refinances debt but at higher cost
      301 7  -  UMA SHANKARI By CAMBRIDGE Industrial Trust (CIT) has refinanced its debt but on less favourable terms than expected. It said yesterday that it has fully drawn a $390.1 million syndicated term loan announced in December 2008. The proceeds have been used to refinance
      301 words
    • COMPANY BRIEFS
      • Article
        Lock icon OKP unit wins $21.7m civil works contract
        85 7 OKP Holdings said that wholly owned subsidiary company Or Kirn Peow Contractors had been awarded a $21.7 million contract by FWP Joint Venture, Singapore (a joint venture between Foster Wheeler Asia Pacific Pte Ltd and Worley Parsons Pte Ltd) to carry out selected
        85 words
      • Article
        Lock icon Federal unit clinches US$64.4m EPC contract
        96 7 FEDERAL International (2000) Ltd has clinched a U5564.4 million contract from First Calgary Petroleums Ltd Sonatrach Spa (FCP-Sonatrach), a joint developer of an oil and gas field block in Algeria. The contract, awarded to its wholly owned subsidiary, Federal Hardware Engineering Co, is for
        96 words
      • Article
        Lock icon Moody's changes Suntec Reit outlook
        64 7 MOODY'S Investors Service, while affirming the "Baal" issuer and "Baa 2" unsecured ratings of Suntec Real Estate Investment Trust (Reit), has changed its outlook to "negative" from "stable". It said that the "negative" outlook reflects its view that Suntec is faced with considerable medium-term uncertainties
        64 words
      • Article
        Lock icon AIS Q4 earnings drop 92% to 420m baht
        99 7 ADVANCED Info Service PCL(AIS), 21.4 per cent owned by Singapore Tele communications, reported a 92 per cent fall in earnings in the fourth quarter ended Dec 31, 2008 to 420 million baht (5518.2 million) due to weak consumer confidence and a goodwill
        99 words
      • Article
        Lock icon Global Tech won't be distributor for supplier
        79 7 GLOBAL Tech Holdings said that it has agreed with its major supplier of telecommunications products that the group will no longer act as its distributors. In the meantime, it will continue with its other businesses of sales of telecommunications products and repair services
        79 words
      • Article
        Lock icon China Precision issues profit warning
        70 7 CHINA Precision Technology yesterday issued a profit warning yesterday, saying that its consolidated profit for the year ended Dec 31, 2008 may be materially lower than the previous year. This is due largely to a decrease in orders from some customers in the fourth quarter
        70 words
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      Lock icon Page 4 Advertisements Column 1
      183 4 Inspiring Life vJ*>lllll OSIM Posts Better Results Writes off US Investment Sales $457 million EBITDA $39 million +10% Operating profit before tax $20 million 87% Net asset value 13 cents per share Profit after tax $15 million +18% (excluding Brookstone) Non-cash write off: no further impact from Brookstone "We have
      183 words
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      1173 5 RrifflPfl^pTlP^ifiiiß ARAB BANK GROUP Balance sheet as at 31 December 2008 and 2007 Income statement for the years ended 31 December 2008 and 2007 USD (000) I USD (000) Assets 1 Revenue 1 2008 2007 2008 2007 Cash and balances with central banks 7 842 134 4 437 595 Interest
      1,173 words
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      472 6 THE MONETARY AUTHORITY OF SINGAPORE TENOR APPROXIMATELY 20 YEARS TOTAL AMOUNT OFFERED SGD 700,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT SGD 200,000,000 (NON-COMPETITIVE) ISSUE CODE NZO7IOOS (REOPENED) ISIN CODE 5G7J*****174 ISSUE DATE/SETTLEMENT DATE 2 MARCH 2009 MATURITY DATE* 1 MARCH 2027 COUPON RATE 3.500% P.A. YIELD AND PRICE
      472 words
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      Lock icon Page 7 Advertisements Column 1
      494 7 (Intel/1 IBM Blade Center g|| Easier. Faster. Better. It just makes sense to use IBM Blade Center. Innovation Made Easy As a growing business, you have many challenges coming your way. IBM has the technology you need to overcome them with simple solutions that are uncomplicated and flexible. With plug-and-play
      494 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Short-covering lifts STI after 65-point loss in 2 days
      595 8  -  R SIVANITHY STOCKS After dropping about 65 points on Monday and Tuesday both times in anticipation of weakness on Wall Street that did actually materialise hefty amounts of short-cov-ering ahead of an expected stable session on Wall Street yesterday meant the
      595 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      92 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 9 3 1 0 0 0 9 3 1 lanufacturing 37 31 57 40 32 66 Lommerce 19 12 12 21 12 'pt/Stor/Comms 14 12 14 13 :inance 17 12 17 12 Lonstruction 'roperties 12 16
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      112 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 32.991 32.991 68.368 68.368 lanufacturing 170.057 10.670 180.727 95.667 421 96.088 lommerce 77.305 2.301 79.606 76.526 402 76.928 "pt/Stor/Comms 55.942 140 56.082 113.960 113.965 :i nance 35.966 35.966 235.667 235.667 lonstruction 27.363 346 27.709 811 13 824 'roperties 72.021
      112 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 8 LapitaLand 2.680 4-0.030 LapltaMal 1.330 4-0.010 LityDev 5.370 4-0.150 Iosco Corp 0.830 4-0.010 IBS Grp 8.100 4-0.070 :8.N 2.680 -0.040 Sent Intl 0.430 iolden Agri 0.285 4-0.010 IK Land 2.080 -0.060 IMH 17.060 -0.200 ISH 9.080 -0.060 lardine C8eC 9.770 -0.080 Ceppel Corp 4.190 4-0.130 Ceppel
      106 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      886 8  -  LYNETTE KHOO Venture Corporation Feb 18 close: $4 KIM ENG, Feb 18 FULL year results out on Feb 19: We expect fourth quarter 2008 revenue to have fallen 5 per cent year-on-year to $913 million, bringing full year revenue to $3.79 billion, down 2 per cent. If Venture
      : Bloomberg  -  886 words
    • Article, Illustration
      Lock icon Gold, US$ continue to dictate terms
      543 8  -  LARRY WEE CURRENCIES CATCH-UP losses on Wall Street after an extended weekend break further worsened risk appetite in Asian currency trading yesterday, resulting in fresh multi-year lows for the ringgit and Taiwan dollar. With breaking US data on Tuesday like the February reading for
      Reuters  -  543 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      62 8 Feb 18 VALUE CLOSE BT OB/OS -303.00 -5.00 BT CADI -*****.00+19.00 BT 10-day MA -*****.00 -30.00 FTSE ST Mid Cap 335.45 +1.86 FTSE ST Small Cap 276.41 +2.44 FTSE ST All Share 396.00 +3.03 FTSE ST China Top 173.15 +1.10 FTSE ST China 170.77 +1.54 UOB Catalist
      62 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Golden Aqri 60,496,000 China Honqxinq 44,502,000 Noble Grp 30,444,000 StraitsAsia 26,535,000 UniFiber 25,510,000 CapitaLand 23,145,000 Chart SemiCond 23,132,000 DBS DB eCWO9O9I4A 20,594,000 Yanlord 19,260,000 SingTel 18,869,000 VALUE(S) UOB 71,825,160 DBS Grp 69,796,430 CapitaLand 61,779,650 SingTel 46,367,490 SGX 44,451,616 OCBC Bk 43,241,790 ST Enqg 40,764,550 S I
      58 words
    • Article
      Lock icon RISES
      106 8 CLOSE UP 9536 100.8 0.7 LP 10US$ ICBC Bk5.1%NCPS 100 9500 100.0 1.1 iBS Bk6% NCPS 10 9890 30.0 0. I A 1022 25.0 2. LTEne 224 18.0 8. ilA 200 1014 16.0 1.' IOB 5.05%NCPS 100 9666 16.0 0.. Lit 537 15.0 2. Con 419 13.0 3.. ICBC
      106 words
    • Article
      Lock icon FALLS
      110 8 CLOSE DOWN 1706 -30.6 -1.2 IMH Sembawane 313 -27.0 -7.! IOB 1080 -12.0 -1.1 IK Land 208 -9.2 -2.8 ISH 908 -9.2 -0.7 Cmdfr 10US$ 198 -9.2 -2.! INonEne 10US$ 176 -9.2 -3.: lUE 816 -9.0 -1.1 lardine C&C 977 -8.0 -0.8 'ain 434 -6.1 -0.! BY PERCENTAGE CLOSE
      110 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      86 8 Feb 18 %CHNG CLOSE FRF* 17 YR 2008/2009 S$ LOW S$ HIGH USS 1.5298 -0.14 1.5346 1.3457 Euro 1.9280 0.08 2.2064 1.8640 Pounds 2.1677 -0.24 2.8431 2.0356 AS 0.9809 -0.48 1.3251 0.9068 Yen* 1.6547 0.62 1.7278 1.2619 Rupiah* 0.***** 0.11 0.***** 0.***** Baht* 4.3300 0.00 4.4299
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  • SINGAPORE NEWS
    • Article
      Lock icon Senoko to forge ahead with power plant revamp
      492 9  -  RONNIE LIM This comes even as electricity demand falls for fourth month in a row By ELECTRICITY demand continued to shrink in the past two months as the economy slowed further. But generating company (genco) Senoko Power will stick with its $750
      492 words
    • Article
      Lock icon Pasture Pharma gets FDA approval for disposable masks
      388 9  -  CHEN HUIFEN By HOMEGROWN pharmaceutical products supplier Pasture Pharma has obtained US Food and Drug Administration (FDA) approval for a pair of disposable masks for use in a pandemic. The company redesigned the shape and fit of conventional masks to come up
      388 words
    • Article
      Lock icon Waning demand worries firms
      332 9  -  OH BOON PING By CONCERN over a shortage of orders has grown among Singapore companies, a survey has found. The Grant Thornton International Business report found 40 per cent of privately held businesses (PHBs) here are worried about lower demand. A year ago, the figure was
      332 words
    • Article
      Lock icon F&B industry had bumper 2007: poll
      276 9  -  NISHA RAMCHANDANI By SINGAPORE'S food and beverage services industry enjoyed strong growth in 2007, a survey by the Statistics Department has found the number of establishments, employment, operating surplus and overall value-added all rose from the year before. The number of establishments rose 6.4
      276 words
    • Article, Illustration
      Lock icon Don't cut back on marketing in tough times: paper
      455 9  -  NISHA RAMCHANDANI By COMPANIES that play their cards right can turn the recession to their advantage by gaining market share. According to a research paper Optimising the Marketing Budget in Recession by Ogilvy Mather, companies that boost marketing expenditure can lift
      FILE PHOTO  -  455 words
    • Article, Illustration
      Lock icon Make friends and influence people: Hyflux CEO
      376 9  -  JOYCE HOOI By OLIVIA Lum's gregarious nature and penchant for canteen breaks with friends during her university days helped her to raise $1 million in cash almost a decade later to expand her company. The group CEO and president of water treatment company
      FILE PHOTO  -  376 words
    • Article
      Lock icon LTA expands pedestrian crossing safety initiatives
      199 9 THE Land Transport Authority (LTA) says two road safety measures trialled last year as part of the Land Transport Master Plan will be expanded to more locations. The initiatives are Dashed Pedestrian Crossing Lines (DPCLs) and Pedestrian Crossing Ahead Markings (PCAMs). They were implemented
      199 words
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      Lock icon Page 9 Advertisements Column 1
      669 9 IN THE MATTER OF I THE COMPANIES ACT, CAP.SO, ta AND IN THE MATTER OF Cap. 50 And In The Matter Of KALEXTON FTE LTD Region Air Management (Company No: *****5334Z) Services Pte Ltd (In Members' Voluntary Liquidation) Company Reg. No. *****601 OH At an Extraordinary General Meeting of the
      669 words
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  • ECONOMY WATCH
    • Article
      Lock icon Obama wants to reopen Nafta despite warning
      553 10 Reuters He stresses ahead of Ottawa visit that he does not want to curb trade [OTTAWA] US President Barack Obama said on Tuesday that he still wants to reopen the North American Free Trade Agreement (Nafta), despite a warning from Canada that this
      – Reuters  -  553 words
    • Article
      Lock icon Obama to ease fears over protectionism
      290 10 -AFP [WASHINGTON] US President Barack Obama will try to ease concerns over US protectionism when he visits Canada later this week, a senior White House official said on Tuesday. Speaking two days before Mr Obama embarks on his first overseas trip since taking office
      -AFP  -  290 words
    • Article, Illustration
      Lock icon Market confidence in dollar at stake
      618 10  -  ANTHONY ROWLEY US govt must show it can control US borrowing B. in Tokyo THE international credibility of the US dollar could be severely damaged, possibly provoking a global currency crisis, if President Barrack Obama's economic team fails to demonstrate that it is capable
      AP  -  618 words
    • Article
      Lock icon 8b baht Thai loan insurance plan to help SMEs, exporters
      566 10  -  GREG LOWE By in Bangkok THAILAND will extend a lifeline to small and medi-um-size enterprises (SMEs) and export-related businesses through an eight billion baht (***** million) loan insurance scheme. Industry and economists have welcomed the anti-recession initiative but say more
      566 words
    • Article
      Lock icon Taiwan's Q4 GDP drops record 8.36%
      401 10 Reuters [TAIPEI] Taiwan's economy shrank at a record annual pace of more than 8 per cent in the fourth quarter, reflecting the exposure of Asian exporters to the brutal slump in world demand and tipping the island into a recession. Taiwan's central bank immediately
      – Reuters  -  401 words
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      1660 10 W*Z7 ■mTTS^rT*T^T*ri Toll free: 1800-289-8822 T^^l |\l 11 If l-( V Email:notices@sph.com.sg X^l V^/ -L ly jI i^l www.cats.com.sg IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 THE COMPANIES ACT, CHAPTER 50 THE COMPANIES ACT, CHAPTER 50
      1,660 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KL likely to scrap bumiputra share equity condition
      601 11  -  S JAYASANKARAN It may keep 30% rule only for hypermarts in distributive trade, sources say in Kuala Lumpur WITH the exception of hypermarkets, the Malaysian government is likely to scrap guidelines aimed at increasing bumiputra (largely ethnic Malay) participation in the distributive
      601 words
    • Article
      Lock icon Jakarta may let expats own homes
      178 11 Xinhua [JAKARTA] Indonesia is considering allowing expatriates to have their own houses in the country, The Jakarta Post reported yesterday. It quoted President Susilo Bambang Yudhoyono as saying he would ask the National Land Agency, the home minister and the state minister for people's
      – Xinhua  -  178 words
    • Article
      Lock icon Kuwaiti bank sizes up Asian acquisitions
      382 11 Reuters [KUALA LUMPUR] The Asian subsidiary of Kuwait's top Islamic bank is considering regional acquisitions and business alliances to boost its size as it eyes huge untapped markets such as China and Japan. Kuwait Finance House (Malaysia) Bhd may buy into regional Islamic lenders
      – Reuters  -  382 words
    • Article, Illustration
      Lock icon Indonesia may use reserves to calm volatility
      428 11 Bloomberg [JAKARTA] Indonesia's central bank said yesterday that it will use its foreign reserves "only to smooth out" volatility in the rupiah market as the currency fell below 12,000 against the US dollar for the first time in two months. The currency gained
      Bloomberg  -  428 words
    • Article
      Lock icon Falling local sales worry Malaysia SMEs
      610 11  -  PAULINE NG Some are seeing orders shrink by as much as 80% By in Kuala Lumpur CURRENTLY surviving on past orders, Malaysian manufacturers say the dearth of new ones could tip them over, particularly if domestic demand continues to slip in the same way
      610 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      47 11 IOMKU TAIMM'4 THE HEARTBEAT OF THE INDIAN COMMUNITY [H Mil W| Mil--. n m 111 f o FIT ff". s O FAB t J gf /J| Forget poetry, Jf its pectorals that today's Indian movie heroesuse ICVI PAII^Ri" Mmm^.*mMMMMMMM\ OWLV 0W BPlßjl^^l ■TOBirs BESI MUSIIC HESSpSiU www.radio9l3.com
      47 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      120 11 SAVE TAX Our qualified professionals W/m~-L can assist you with offshore i structures, shelf companies t4 and incorporations in ALL jurisdictions including: jjujtVjfl 77 British Virgin Islands P^^^^^^l Cayman Islands Bahamas Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in
      120 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Warning signs as investors pile into Chinese stock market
      532 12 Bloomberg Trading accounts double to 427,460 in a week despite analysts' warnings [SHANGHAI] Chinese investors rushed to join the world's biggest rally this year just as HSBC Holdings Inc and CLSA Asia-Pacific Markets said the gains are unsustainable. Investors opened 427,460
      Bloomberg  -  532 words
    • Article, Illustration
      Lock icon Beijing to use forex reserves to grow economy
      581 12 Reuters [BEIJING] Beijing will increasingly use its US$2 trillion in foreign exchange reserves to support domestic growth and to finance the overseas expansion of Chinese companies, senior officials said yesterday. Harnessing the reserves to boost imports would help bring down China's huge
      – Reuters; AP  -  581 words
    • Article
      Lock icon China's life insurance mart set to swell
      332 12 Bloomberg It could hit USsl6ob by 2012, says McKinsey report [BEIJING] China's life insurance market may expand to US$l6O billion by 2012 from less than US$lOO billion last year as a rising middle class and steady economic growth boost demand, according to management
      Bloomberg  -  332 words
    • Article
      Lock icon Economy, inflation major issues for Indian voters
      291 12 Reuters [NEW DELHI] The economy is the biggest concern for Indian voters ahead of a parliamentary election expected in April and May, according to a nationwide poll released on Tuesday. The poll, carried out by the CNN-IBN news channel and the Centre for
      – Reuters  -  291 words
    • Article, Illustration
      Lock icon Beware hostile forces: unionist
      560 12 Reuters They may stir up trouble among China's jobless [BEIJING] China must guard against "hostile forces" within and outside the country working to stir up trouble among its masses of newly unemployed workers, a senior trade union official said in comments published yesterday. Beijing's Communist Party
      – Reuters; AFP  -  560 words
    • Article, Illustration
      Lock icon Satyam buyer may emerge soon, govt moves on Maytas
      383 12 Reuters [NEW DELHI] A buyer for fraud-hit Satyam Computer Services may emerge by the end of February, a board member says, while the government is seeking the removal of boards of two companies linked to Satyam's founder. Satyam's governmentappointed board will
      – Reuters  -  383 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Greenspan urges bank nationalisation
      274 13 AFP, Bloomberg [NEW YORK] The US government may have to temporarily nationalise the country's banks until the sector is reformed, the former chairman of the US Federal Reserve, Alan Greenspan, has said. In an interview with the Financial Times published on the paper's website on Tuesday,
      AFP, Bloomberg  -  274 words
    • Article
      Lock icon RBS may give £600m of bonds as bonuses
      528 13 Bloomberg [LONDON] Royal Bank of Scotland Group may give employees as much as £600 million (551.31 billion) of bonds to supplement 2008 bonuses after the government-controlled bank said that it cut the cash element of its incentive plan by more than 90
      – Bloomberg  -  528 words
    • Article
      Lock icon Exposure to east Europe comes to haunt banks
      559 13 Reuters Tough year seen as Commerzbank and ING report losses; SocGen posts profit [PARIS] Three European banks said they were preparing for a tough year after taking body blows at the end of 2008 from the credit crisis, as investors' fears shifted
      – Reuters  -  559 words
    • Article, Illustration
      Lock icon GE's CEO waives US$11.7m bonus
      407 13 Bloomberg [NEW YORK] General Electric chief executive Jeffrey Immelt waived a bonus and incentives valued at US$ll.7 million for 2008 as a global recession and credit crisis cut GE's profit and share performance. Mr Immelt's 2008 salary was US$3.3 million, unchanged since 2005, GE said
      – Bloomberg; APr  -  407 words
    • Article, Illustration
      Lock icon Bankrupt charge stains Trump name
      363 13 -Reuters, AP [NEW YORK] Trump Entertainment Resorts's bankruptcy filing is only the latest disappointment to attach itself to the Trump name, once a byword for luxury and high living. Donald Trump, the real estate mogul who has splashed his name on everything from skyscrapers to
      -Reuters, AP; AFP  -  363 words
    • Article
      Lock icon Thai electrical, electronics exports seen falling sharply
      529 13  -  GREG LOWE The drop this year may cause 100,000 job losses: analysts By in Bangkok THAILAND'S electrical and electronics industry the country's biggest exporter will suffer a big drop in export sales this year, costing up to 100,000 jobs, analysts say. Total electrical
      529 words
    • Article
      Lock icon Toshiba to buy Fujitsu's storage drive business
      328 13 Bloomberg [TOKYO] Toshiba Corp will buy Fujitsu's unprofitable computer storage drive business to help narrow its gap with industry leader Seagate Technology in the U5532.6 billion market. Toshiba aims to buy 80 per cent of the business by the quarter ending June 30
      – Bloomberg  -  328 words
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  • WORLD
    • Article
      Lock icon Obama takes unprecedented role as car czar
      706 14 -NYT He will have to make decisions; face carmakers, unions head on [WASHINGTON] US President Barack Obama's decision to act as his own "car czar" means that in the next few months, he faces decisions that no American president has made since the
      -NYT  -  706 words
    • Article
      Lock icon Wal-Mart springs earnings surprise
      309 14 -NYT [NEW YORK] Wal-Mart Stores on Tuesday provided some reprieve from the bad retailing news. But even the industry's front-run-ner is no longer immune to suffering. For the three months ending Jan 31, profit fell nearly 8 per cent to US$3.B billion, or 96 cents a
      -NYT  -  309 words
    • Article
      Lock icon Credit squeeze in UK forcing layoffs: survey
      553 14  -  JANE MOIR CBI poll results put more pressure on policy-makers to improve credit flow By in London LACK of access to credit is fast becoming a crisis in Britain, with more than one in three companies already having axed workers as a result,
      553 words
    • Article, Illustration
      Lock icon Starbucks focuses on value with new instant coffee
      726 14 Bloomberg [NEW YORK] Starbucks Corp spent years convincing consumers to spend more on its espresso-based drinks. Now it's trying to show cash-strapped coffee drinkers they can find deals as well. Chief executive Howard Schultz unveiled a line of instant coffee at a
      – Bloomberg; REUTERS  -  726 words
    • Article, Illustration
      Lock icon Texan financier charged with massive fraud
      661 14 -Reuters [HOUSTON/ST JOHN'S, ANTIGUA] Texas billionaire Allen Stanford and three of his companies were charged with "massive" fraud on Tuesday as federal agents swooped on his US headquarters. In a civil complaint filed in federal court in Dallas, the US Securities and Exchange Commission
      -Reuters; BLOOMBERG  -  661 words
    • Article
      Lock icon Berkshire cuts stakes in J&J, P&G
      134 14 Bloomberg [NEW YORK] Warren Buffett's Berkshire Hathaway Inc reduced holdings of Johnson Johnson (J&J), the world's largest maker of healthcare products, and Procter Gamble Co (P&G), the biggest consumer products company. Mr Buffett's firm reduced its holdings of J&J by 54 per cent to
      Bloomberg  -  134 words
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  • US STIMULUS
    • Article, Illustration
      Lock icon But who is there to do the spending?
      832 15 -NYT The once-efficient Obama transition is grounding to a near standstill [WASHINGTON] US President Barack Obama blasted through all sorts of speed records pushing a US$7B7 billion economic plan through Congress, arguing it was too urgent to wait. But even after signing
      -NYT; Congressional Budget Office, AP  -  832 words
    • Article, Illustration
      Lock icon Tax adjustment key for renewable energy sector
      657 15 -LAT-WP [LOS ANGELES] The renewable energy sector received a lift from the economic stimulus package signed on Tuesday, with a fix to a crucial tax issue that had stalled projects nationwide. Solar and wind companies said it could take several months for the
      -LAT-WP; AP  -  657 words
    • Article
      Lock icon Cash boost for stagnant US medical research
      643 15 Reuters Stimulus includes US$l Ob for national health institutes [WASHINGTON] After years of stagnant funding, medical research in the United States is set for a big cash infusion. Experts expect this will boost work on a range of ailments as well as studies
      – Reuters  -  643 words
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  • AVIATION
    • Article, Illustration
      Lock icon Dec premium traveller traffic falls
      498 16 In Asia-Pacific it's down by one-fifth, spelling bad news for SIA and Cathay ByVEN SREENIVASAN [SINGAPORE] New figures from the International Air Transport Association (lata) confirm what industry insiders feared premium passenger traffic continued to crash in December 2008. The figures show that front-cabin seat
      REUTERS  -  498 words
    • Article
      Lock icon Air Canada may be forced into bankruptcy: UBS
      373 16 Reuters [CALGARY] Air Canada, the country's biggest airline, could be forced to file for bankruptcy protection if it does not secure additional financing and succeed in renegotiating covenants in credit card agreements, ÜBS analyst Fadi Chamoun said in a note on Feb
      – Reuters  -  373 words
    • Article
      Lock icon Aircraft deliveries decline for first time in 5 years
      258 16 Bloomberg [CHICAGO] Deliveries of aircraft excluding military and commercial planes declined in 2008 for the first time in five years as production slowed amid weakening orders, an industry group said. Shipments worldwide fell 7.1 per cent to 3,969 aircraft last year
      – Bloomberg  -  258 words
    • Article
      Lock icon Boeing flies high with big order backlog
      410 16  -  LEE KIM SIANG Still, it is evaluating job levels, costs amid downturn By [SINGAPORE] Boeing, the world's biggest maker of commercial and defence aircraft, has been hit by the global downturn just like financial institutions and other multinationals. But Mark Kronenberg, vice-president for
      410 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2592 16 AIRLINE CODES: AA: Amencan Airimes (AAL), AF: Air Fraoce (AFR), AI Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Poblic Ltd Co (E n Airlines (BBC), BI: Royal Bronei Airlines Sdn Bhd (RBA), BO: Booraq Airlines (BOU), BR: EVA Airways
      2,592 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      359 16 CRYPTIC CROSSWORD Across I Creeper to proceed lamely r —i p —i pr —i r mmf^ —I F [7 F on road (7) |__■__I 5 Lassie I mislead in Central Eu--9 Rural staff shied away from food (5,5,5) 10 Brought into service and ex- MM mm^^^Ml mm^jMM ploited (4) i'
      359 words
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  • SHIPPING/TRANSPORTATION
    • Article
      Lock icon Manila plans framework of modular ports
      327 17  -  ALEC ALMAZAN It will spend 11.78b pesos to build 74 pre-fab ports around the country By r in Manila THE Philippines plans to pump prime its economy by spending 11.78 billion pesos (*****.8 million) this year on the construction of 74 modular ports around
      327 words
    • Article
      Lock icon Gas shipping rates to stay low on US demand slump: BW Gas
      294 17 Bloomberg [LONDON] BW Gas Ltd, the world's largest owner of liquefied gas tankers, said rental rates will probably "stay low" in 2009 on slumping US demand and reduced cargoes from producers as Opec cuts deliveries of crude oil.
      – Bloomberg  -  294 words
    • Article
      Lock icon China developing maglev train: report
      167 17 Xinhua [BEIJING] A Chinese company is developing a low and medium-speed maglev train with hopes that it may offer a new option for urban transport, local media reported yesterday. Although research and development work will be completed in April this year, a locomotive has been
      Xinhua  -  167 words
    • Article
      Lock icon DryShips 'doing fine' after loan switch: lender
      379 17 Bloomberg Shipping line gets covenant waiver on syndicated loan [LONDON] Dry Ships Inc, the commodity shipping line led by investor George Economou, is "moving in the right direction" after renegotiating loan terms with Nordea Bank Finland pic, the lender said. Dry Ships said
      Bloomberg  -  379 words
    • Article, Illustration
      Lock icon Cruise ship carrying 105 aground in Antarctica
      302 17 AP [BUENOS AIRES] A cruise ship with 64 passengers and 41 crew members aboard ran aground near an Argentine base in Antarctica on Tuesday, but there were no risks to the people aboard, the Argentine navy and the ship's operator reported. The Bahaman-flagged
      AP; XINHUA  -  302 words
    • Article, Illustration
      Lock icon Asian airlines under pressure to pay for gas emissions
      756 17 Reuters [SINGAPORE] Already trapped in a tailspin as earnings plunge and a global recession curtails passenger and freight traffic, Asian airlines face yet another challenge figuring out how to pay for their greenhouse gas emissions. Green groups, governments and passenger bodies
      Reuters; FILE PHOTO  -  756 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        111 17 '000 Fell 18 ii Vol CH Offshore Criuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.26 0.17
        111 words
      • Article
        Lock icon KLSE
        36 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.54 8.55 8.50 2.75 2.50 0.02 0.08 -0.05 -0.05 -0.15 unch unch 0.01 -0.01 115 268 226 1065 22 121 10
        36 words
      • Article
        Lock icon BANGKOK
        12 17 ■oo Precious Ship Regional Cont 12.60 6.60 0.60 0.15 9050 1037
        12 words
      • Article
        Lock icon HONGKONG
        11 17 '000 Ooil Singamas Cont 18.00 0.83 0.20 0.04 961 7384
        11 words
      • Article
        Lock icon PHILIPPINES
        25 17 '000 Feb18 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop unch 11.00 unch unch unch 0.25 unch unch 0 549 0 0
        25 words
      • Article
        Lock icon TAIPEI
        23 17 Evergreen Marine ...13.25 First Steamship 33.65 Wan Hai Lines 13.55 Yang Ming Marine 9.10 -0.05 0.15 0.20 -0.04 5 4 1 6
        23 words
      • Article
        Lock icon TOKYO
        42 17 '000 'en Kawasaki Hvy Ind ..164.00 4.00 9676 Kawasaki Kisen 346.00 10.00 7262 Mitsubishi Hvy 291.00 3.00 ***** Mitsui Eng&Sbldg...144.00 unch 7384 Mitsui Osk Lines 528.00 25.00 ***** Nippon Express 294.00 -10.00 5287 Nippon Yusen 433.00 3.00 ***** Source: Thomson Reuters
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  • EDITORIAL & OPINION
    • Article
      Lock icon Seeking opportunities amid the gloom
      489 18 EXPECTATIONS in these grim times couldn't have been high, but the 35 per cent plunge in Singapore's key January exports the ninth straight contraction and the sharpest on record still elicited howls of dismay. But Singapore and other major Asian exporters should brace themselves for
      489 words
    • Article, Illustration
      Lock icon Time to thaw out a Cold War legacy
      954 18  -  ANTHONY ROWLEY The Obama administration needs to go beyond sabre-rattling on North Korea THE policy of the US and some of its allies towards North Korea is becoming absurd, almost as though it were consciously designed to be only a ritual exchange
      REUTERS  -  954 words
    • Article, Illustration
      Lock icon Will America find new sources of growth?
      755 18  -  ROBERT SAMUELSON The Washington Post Writers Group THE BOTTOM LINE WE argue by analogy. US president Barack Obama says that Japan's history demonstrates the need for his "stimulus package". To the contrary, claim TV talk show host Scan Hannity and other conservatives, Japan
      The Washington Post Writers Group  -  755 words
    • Article, Illustration
      Lock icon How to get the best value for assets
      1193 19  -  JAMIL RAZA SYED KANG YONG WEE It's important to do preparatory work, and there're certain key areas that the management should consider carefully ?y. and DURING good times, raising capital or obtaining finance was not a difficult thing to do. However, with
      BIOOMBERG  -  1,193 words
    • Article
      Lock icon Managing investor relations during tough times
      792 19  -  LAI KWOK KIN By AS WE enter the peak financial reporting season, a strange silence seems to have descended on Singapore's corporate firmament. There is none of the usual race to be among the first to release results for the 2008 financial year (ending
      792 words
    • LETTERS TO THE EDITOR
      • Letter
        Lock icon Companies should come clean on rights issues
        300 19  -  Ang Hao Yao THERE has been a spate of rights issues by listed companies in Singapore recently. This has caused a stir among investors, especially since asset values have fallen tremendously over the past year. Equity is now a very valuable and expensive
        300 words
      • Letter
        Lock icon SGXnet should adopt standard reporting format
        106 19  -  Denis Distant FINANCIAL results of companies posted on SGXnet, the SGX website, show current figures in a column on the left of the column with the figures for the previous period. However, a few companies show the columns in reverse order, usually when the
        106 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8559 20 Transaction date: Feb 18 52-wks Tel |h Low Code Last Sale Vol COOP) Hie Day Last Quote Div Gr Yld Net |h Low Buyer Seller C'vr P/E MCap $mil Hie Com[ >an] 9 3 3148 8Telecom 12.5 3 5834 A-Sonec 110 100 6389 ABFSG Bond ETF 30.5 12
      8,559 words
    • Article
      Lock icon SGX CATALIST
      1788 21 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
      1,788 words
    • Article
      Lock icon SGX XTRANET
      71 21 52-Wk Tel High Low Code Last Sale Vol COOP) Day Ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _H|< ***** ***** 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
      72 21 52-Wk Tel High Low Code Last Sale ±t_ Vol C000] Day Last Quote Div GrYld Net MCap ih Low Buyer Seller C'vr P/E $mil Comi J!ie 86.5 29.5 6000 AVJennings 11 4 6134 Over&Gen 25.5 6 6017 StarCruises 248 104 6019 TanChonglnt A38 A8 US8 HK107 +5 +0.5
      72 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8763 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.401/ AIGIF S'pore Bond Fund/A 1.203/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.63/ APS Alpha Fund (USD)!** 0.41/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5653/ APS Komaba Global
      8,763 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      26 20 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB& ijtejj H 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. f'^^^^^B
      26 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      367 22 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb 17 World Index Preliminan 605.1 -3.3 -10.7 -2.9 -7.8 -3.8 -13.1 EAFE Preliminai 582.9 -2.6 -10.2 -2.8 -9.9 -3.6 -15.2 Euro[ Preliminan 820.9 -3.0
      367 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 22 As at 9am Feb 18 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9640 0.9950 Can dollar 1.2030 1.2180 Euro 1.9150 1.9370 NZ dollar 0.7710 0.7880 iterlini ind 2.1680 2.1920 US dollar 1.5220 1.5390 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon INTERBANK RATES
      170 22 Feb 18 fer Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.35 US$ Offer 1/32 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.40 0.58 1.10 1.40 1.90 2.30 2.50 Offer 0.30 0.48 0.80 1.10
      170 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 22 Feb 18 ten _Hii Se1 STI SIMSCI Feb 195.1 199.7 199.1 Taiwan Feb 168.0 170.6 169.7 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 22 Feb 18 I SS Bid Offer 1-month 1.5274 1.5284 2-months 1.5268 1.5280 3-months 1.5261 1.5274 6-months 1.5251 1.5265 Source: OCBC
      23 words
    • Article
      Lock icon SICOM FUTURES
      189 22 Feb 18 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Mar 09 146.0 Apr 09 May 09 JunO9 Jul 09 148.0 Aug 09 148.0 146.0 146.5 146.0 146.2 146.5 146.5 147.0 146.5 146.0 80 40 40 533 1029 874
      189 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 22 Feb 18 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****T 21.05.09 1-Year BY*****V 02.11.09 0.25 0.36 0.13 0.13 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
      89 words
    • Article
      Lock icon CHICAGO BOT
      102 22 Feb 17 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 903.00 955.50 960.00 899.00 May 09 904.50 957.75 961.75 900.50 Jul 09 908.00 962.00 965.75 903.25 Aug 09 898.50 950.00 949.00 885.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 31.15 33.00 33.08 30.83
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 22 CRUDE OIL PRODUCTS Feb 17 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 41.58 -2.26 WTI (Near Mth) 34.96 -1.71 Dubai (1-Mth F) 43.22 -0.69 Tapis blend 47.85 -0.95 Minas 45.00 -1.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 46.72 52.75 -0.88 -0.95 US$/barrel Opec Oil
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    • Article
      Lock icon INTERBANK CROSS RATES
      463 22 Feb 18 AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.808 4.380 0.508 4.968 31.854 76.552 0.593 9.359 2.342 1.252 51.280 30.576 0.979 6.517 0.749 22.192 22.620 0.449 0.641 Canada 1.237 5.419 0.628 6.146
      463 words
    • Article
      Lock icon SIBOR
      74 22 Feb 18 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** syrs 1.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 2.***** Source: Thomson Reuters 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6
      74 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 22 Feb 18 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9782 0.9795 0.6404 0.6408 Canadian dollar 1.2104 1.2117 0.7924 0.7927 Euro 1.9263 1.9282 1.2611 1.2615 NZ dollar 0.7815 0.7827 0.5116 0.5121 Sterling md 2.1784 2.1807 1.4261 1.4267
      158 words
    • Article
      Lock icon PRECIOUS METALS
      170 22 Feb 18 GOLD (USS/oz) Feb 17 Feb 18 GOLD BULLION COINS (S$) Sellini Hong Kong 957.30 965.90 958.30 966.90 Feb 16 Feb 17 London 941.90 968.80 943.90 970.80 Source: Thomson Reuters (S$) Selling Buying 1 oz 1654.22 1498 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $579.94 476
      170 words
    • Article
      Lock icon LONDON METALS
      70 22 Feb 17\ minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 1293.50 1312.50 3 months 1330.00 1348.00 Copper, Grade A (US$/tonne) Cash 3 months 3145.75 3185.00 3290.75 3330.00 Lead (US$/tonne) Cash 1099.75 3 months 1109.00 1137.00 1145.00 Nickel (US$/tonne) Cash 3 months 9822.00 *****.00 9900.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • Article
      Lock icon LIFFE
      70 22 Feb 17\ (£/tonne) Close Prev Hii ih/Low Mar 09 2693 1947 2735/2650 May 09 2639 1925 2671/2604 Jul 09 2630 1917 2660/2602 SepO9 2617 1907 2626/2595 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1572 1585 1605/1570 May 09 1583 1597 1612/1583 SUGAR (US tonne) White Close Prev High/Low May
      70 words
    • Article
      Lock icon PALM OIL
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      Lock icon SGX DERIVATIVES TRADING
      288 22 Feb 18 URODOLLAR FUTURES VlarO9 lunO9 >epO9 DecO9 98.6525 98.6550 98.6050 98.4850 9647 5278 5333 1994 EUROYEN TIBOR FUTURES VlarO9 99.365 99.365 lunO9 >epO9 DecO9 Vlar10 lun10 iep10 DedO 99.365 99.365 99.480 99.545 99.545 99.505 99.445 99.385 99.340 13 ***** 7336 3635 1733 1352 527 252 152
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      Lock icon BONDS & WARRANTS
      2306 22 BONDS WARRANTS lei Lode Company Last Sale Vol Conv Exer +or- ("PPP) 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 5092 Asia Environment W*****4 0.5 1 38 221 24.00 6 1481 Asia
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  • BizIT
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      Lock icon IDA moves to clear mobile payment hurdle
      696 25 It is looking to tackle problem by establishing a so-called Trusted Third Party to be the common link for all industry players, reports WINSTON CHAI IN A bid to allow more consumers to tap and pay for purchases with their mobile phones, local
      696 words
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      Lock icon Nokia offers up two new E-series phones
      537 25  -  AMIT ROY CHOUDHURY By, IN keeping with its philosophy of introducing solutions designed for different market needs, Finnish phonemaker Nokia has added two new phones to its E-se-ries line-up which are optimised for use with its messaging solution. Both are targeted at heavy
      537 words
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      Lock icon Govt spending on ICT set to rise 8%
      568 25  -  ONG BOON KIAT By WHILE the Singapore economy is likely to contract this year, government infocomm technology (ICT) spending here is expected to continue to grow healthily, said IDC company Government Insights. As part of a new study titled "Asia-Pacific government 2009
      568 words
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  • PROPERTY
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      Lock icon Investors sue US real estate lender
      1424 26 LAT-WP They say Orange County lender misled them into a risky scheme SANTA ANA [California] Was it the real estate downturn, or were people misled into a risky investment scheme? That's the question at the centre of a lawsuit filed on Tuesday that accuses
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      Lock icon Manhattan condo developer faces foreclosure on taxes, maintenance
      415 26 Bloomberg [NEW YORK] A downtown Manhattan condominium developer is facing foreclosure for failing to maintain the property and pay contractors. Anglo Irish Bank Corp pic said Yair Levy and his company, YL Rector Street LLC, are in default on US$l65 million in
      Bloomberg  -  415 words
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      Lock icon Japanese firm to buy back bonds at 85% discount
      528 27 Reuters Harakosan and other developers suffer cash drought as condominium sales plunge [TOKYO] Harakosan Co, a money-losing Japanese condominium developer, is aiming to buy back its convertible bonds at an 85 per cent discount, in another sign of huge financing strains
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      Lock icon URA to auction parking sites at Old Toh Tuck Rd
      115 27 [SINGAPORE] The Urban Redevelopment Authority (URA) said yesterday it will auction two sites at Old Toh Tuck Road to meet growing demand for heavy vehicle parking. Trailers, buses and other vehicles with a maximum laden weight exceeding five tonnes will
      115 words
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      Lock icon Harlem complex may be put up for auction
      542 27 Bloomberg [NEW YORK] Riverton Apartments, a high-rise complex in Manhattan's Harlem neighbourhood, may be auctioned off this Friday because owners Rockpoint Group LLC and Stellar Management have been unable to modify loan terms, according to Trepp LLC, a commercial real estate data
      Bloomberg; AFP  -  542 words
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      Lock icon UK Reits Brixton and Segro mull rights issues
      326 27 Reuters [LONDON] Industrial real estate landlords Brixton and Segro are considering rights issues to shore up their stricken balance sheets as conditions in the UK property market worsen. In separate statements yesterday, the real estate investment trusts (Reits) said they were pursuing
      – Reuters; BLOOMBERG  -  326 words
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      Lock icon Luxury condo prices dive in KL
      534 28  -  PAULINE NG Foreigners cash out as they feel better times are not around the corner Bj in i\uaia Luinpui PRICES of luxury condos in the Kuala Lumpur City Centre (KLCC) area have dived 15-20 per cent as the economic downturn bites and foreigners try
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      Lock icon HK's Peak residential prices at decade low
      355 28 Xinhua [HONG KONG] Property prices on The Peak, most expensive residential area on the Hong Kong Island, experienced the biggest drop since the Asian financial crisis 10 years ago, according to local media yesterday. The prices slumped 41.4 per cent in the final
      Xinhua  -  355 words
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