The Business Times, 23 February 2009

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Total Pages: 28
1 28 The Business Times
  • 19 1 THE BUSINESS TIMES ssi .oo online at http://www.businesstimes.com.sg «v a Singapore press holdings publication coregnnoi9B4o2B6Be mica(p)l97/08/2008 Monday, February 23,2009
    19 words
  • 760 1  -  LYNETTE KHOO Govt to expand available training programmes for them into a Professional Skills Programme By I [SINGAPORE] PMETs (professionals, managers, executives and technicians), who are often regarded as the "sandwiched" group that receives the least help from the government, are not forgotten
    760 words
  • 1147 1  -  TEH HOOI LING Companies with market caps of between $100 m and $1b turned in the worst performance over all time frames. By' [SINGAPORE] Here's the good news if you've stayed invested in Singapore stocks for the past 10 years: Six out
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  • MARKETS DIGEST
    • 52 1 >T Index 1,594.94 -110.70 1 COMP 889.71 -20.13 IIKKEI225 7,416.38 -363.02 1ANG SENG 12,699.17 -855.50 SET INDEX 434.67 -11.10 JAKARTA COMP 1,296.94 -41.80 1ANILA COMP 1,881.44 -38.22 ;eoulcomp 1,065.95 -126.49 iHENZHEN B 326.27 -1.10 IUMBAI IND 8,843.21 -791.53 )OW 7,365.67 -484.74 IASDAQ 1,441.23 -93.13 ;&P 500 770.05 -56.79 =TSE
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.91 HONG KONG 5.00 INDONESIA 16.386 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.53 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • 44 1 IS$ (S$ US$) 1.507 (USS/SS il 1.446 2.179 EURO (US$,S$/E) Foreign currency 1.292 per US$ 1.948 S$ 'EN 91.20 60.50 3.617 2.400 H<$_ 7.753 5.145 !AHT 35.16 23.33 lUPIAH 11,820 7,842 lENMINBI 6.834 4.535 INDIAN RUPEE 48.68 32.30 1.510 1.002 IZ$ 1.891 1.254
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 52 1 LpJ BizlT AGE OF TURBULENCE «Jftffl££3& ASEAN COMMENTARY m A boost for Singapore's Part 7 of BT-NUS series Bigger currency Delaying tactics J smartphone market on the financial crisis ■Bl^Kp~ swap deal approved that may backfire V PAGE 28 PAGE 11 B jflT I PAGE 4 PAGE 5 It's the
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    • 25 1 i "If' l 'aSfcj.': 'xT j b '-»j:F 5 ?*3 "fi, fit A"1* -.-.i k^^^^ v^^ '^''.'^illllllillfflHllsr m 9 Leg-up in bad times pages 12,13
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  • TOP STORIES
    • 1023 2  -  ANDREW MARKS WALL STREET INSIGHT Investors doubt Obama's assurance that nationalisation isn't on the cards By in New York ON Wall Street, the myriad of plans coming out of Washington in the past week to address the crumbling economy and frozen credit markets has made little
      REUTERS  -  1,023 words
    • 688 2  -  ANTHONY ROWLEY By in Tokyo THE total amount of fiscal stimulus planned by provincial governments in China to counter the global economic slump may have been vastly underestimated and could amount to as much as 30 trillion yuan
      688 words
    • THREE-MINUTE DIGEST
      • 54 2 PMETs (professionals, managers, executives and technicians), who often lament being the "sandwiched" group that gets little help from the government, are not forgotten in this economic downturn. More help is on the way to help PMETs stay in their jobs or find
        54 words
      • 75 2 HERE'S the good news if you've stayed invested in Singapore stocks for the past 10 years: Six out of 10 stocks yielded positive returns from Feb 1, 1999, until the end of last month. And here's the not-so-good news:
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      • 53 2 ON Wall Street, the myriad of plans coming out of Washington to address the crumbling economy and frozen credit markets has made little impression. President Barack Obama's assurances that the government will not allow the financial system to fail is seemingly falling on deaf ears. TOP
        53 words
      • 67 2 THE total amount of fiscal stimulus planned by provincial governments in China to counter the global slump may have been vastly underestimated. The amount could come to 30 trillion yuan (556.7 trillion), or more than seven times the four trillion yuan
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      • 54 2 AVIVA has scored a coup by providing the army's first auto-cover group insurance scheme. Under an exclusive three-year arrangement with the Ministry of Defence, Aviva will gain tens of thousands of policyholders through the scheme, which includes all enlistees, national servicemen and civilian staff.
        54 words
      • 58 2 TOXIC convertible bonds are reappearing here for the first time since the credit crisis hit, as small firms struggle to get cash from more benign partners. One fund, Fortensa Special Opportunities, is investing up to US$4O million in zero coupon convertible notes in TTL Holdings,
        58 words
      • 49 2 TEMASEK Holdings is no longer interested in bidding for American International Group's aircraft leasing business, according to sources. Private equity firm Kohlberg Kravis Roberts has also pulled out from the bid for International Lease Finance Corp. SINGAPORE NEWS, PAGE 10
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      • 61 2 PRESIDENT Barack Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars
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    • 593 4 Reuters, AP ASEAN MEETING Multilateral fund to come to USsl2ob, up from last year's proposed USsBob [PHUKET] Asian finance officials have agreed in principle to expand a currency swap agreement to help bolster their currencies in the global economic crisis. The ministers and
      – Reuters, AP; REUTERS  -  593 words
    • 507 4  -  SIOW LI SEN Auto-cover scheme yields thousands of new policyholders By [SINGAPORE] Aviva has pulled off a coup by providing the army's first au-to-cover group insurance scheme for our men in green. Under an exclusive three-year arrangement with the Ministry of Defence, Aviva will
      FILE PHOTO  -  507 words
  • Page 2 Advertisements
    • 148 2 TJji organised by j^y f\ W^^^\ 4 I Experience with World's Top Universities: te vv/^^^xL *ml Ak I between China and other Countries tf^ ~/r \k mVv jb b\\(^ 11 W^Km bbbbb) M Chancellor, The University of Nottingham, U.K. X (V A^ "^1 r^\ IW% A If Former President of
      148 words

  • Page 3 Advertisements
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  • COMPANY NEWS
    • 668 5  -  CHEW XIANG Credit squeeze is forcing firms to issue convertible bonds at discount By1 "TOXIC" convertible bonds are reappearing here for the first time since the credit crisis hit, as small firms struggle to get cash from more benign partners. One fund, Fortensa Special Opportunities, is
      668 words
    • 703 5  -  WONG WEI KONG THERE'S safety in numbers, obscurity too. And this must have something to do with the pace of earnings announcements so far. About 500-odd companies listed on the Singapore Exchange are due to report their results for the full year
      703 words
    • 220 5 Reuters [BANGKOK] Shin Corp, Thailand's leading telecoms group, reported a fourth quarter net loss last Friday due to lower profits at its mobile phone unit and a loss made by its satellite business. Shin Corp, controlled by Singapore's Temasek Holdings through two Thai-re-gistered
      – Reuters; BLOOMBERG  -  220 words
    • 71 9 Compiled by BT As of Friday, 98 SGX-listed companies had released their financial results for the fourth quarter ended Dec 2008. They recorded a combined *****.2 min group profits. The breakdown is as follows No with profits 70 Losses to profits 3 Higher profits 22 Lower profits
      Compiled by BT  -  71 words
    • 84 9 Compiled by BT As of Friday, 124 SGX-listed companies had released their financial results for the full year ended Dec 2008. They recorded a combined 5511,191.3 m in group profits. The breakdown is as follows No with profits 102 Losses to profits 1I Higher profits 47 I Lower
      Compiled by BT  -  84 words
    • 396 9 Feb2o BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank
      396 words
    • 107 9  -  ARTHUR LEE AUTHENTIC full-flavoured Japanese ramen has tickled the taste buds of diners worldwide for years. And at just $3.90, this bowl of Ajisen Ramen costs about the same as a bowl of noodles at your local hawker centre. The special offer is only for the first
      ARTHUR LEE  -  107 words
    • 302 9 Full year ended Dec 2008 Junma Tyre Feb 23 Raffles Medical Grp Feb 23 Sihuan Pharma Feb 23 Sino Techfibre Feb 23 UOI Feb 23 Anwell Tech Feb 24 Aqua Terra Feb 24 De Monte Pac Feb 24 Hi P Intl Feb 24 Hotel Plaza Feb 24
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    • 225 9 rransview Hldgs A Event Facilities A, Level 3, Singapore Polytechnic Graduates' Guild, 1010 Dover Road, Singapore *****8 25-Feb 4.00pm Ihina Flex Pack A Kai Xuan Conference Room, Ramada Pearl Hotel, 9 Mingyue Yi Road, GuangZhou Main Road Central, Guangzhou, Guangdong Province, People's Republic of China 26-Feb 5.00pm MELGrp
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  • Page 5 Advertisements
    • 116 5 SINGAPORE AND KUWAIT |i SOON CLOSER THAN EVER 1 t From 15 March 2009, Singapore Airlines will fly four times a week to Kuwait. A Experience the Middle East like never before from breathtaking views at the Kuwait Towers, to shopping pleasures at the traditional souks. En route, enjoy KrisWorld,
      116 words

  • SINGAPORE MARKETS
    • 704 6  -  R SIVANITHY STOCKS APART from recommending readers to only selectively buy the dips and to immediately sell into strength, this column has for many months warned that Wall Street, the source of the world's problems, is hugely overvalued and that unless it suffers a full-fledged
      704 words
    • 776 6 Legends US$; Rmb; HK$; A) As; Pound; Rupiah; Yen; Euro; AA) Baht; RM; Peso; AAA) Rs; NT$; (ad) Capital; (ag) Dividend/Distribition; (ah) Final; (ai) to be announced; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (an) First and Final Tax Exempt (One Tier); (ao) Income; (aq)
      776 words
    • 497 6 -AFP CURRENCIES [HONG KONG] Asian currencies ended the week down against the US dollar, with the yen sinking sharply amid fears for the world's second-biggest economy following a slew of bad data. Japanese yen: The yen tumbled to six-week lows against the US dollar as
      -AFP  -  497 words
    • 285 6 AFP COMMODITIES [LONDON] Gold prices sparkled this week, surging close to US$l,OOO per ounce for the first time in about a year as investors sought a safe haven from turmoil on world stock markets, analysts said. The price of crude oil zigzagged
      AFP  -  285 words
    • 1598 6 Source: Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlgreen Prop Ltd 2.58 2.58 12 6.05 7.36 0.66 0.45 ,RA Asset Mgt Ltd 2.00 2.00 2 6.05 7.19 0.65 0.43 ,rmstrong Ind Corp
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    • 4 6 WEEKLY
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    • 61 6 Feb 20 VALUE CLOSE BT OB/OS -537.00-238.00 BT CADI -*****.00-165.00 BT 10-day MA -*****.00 -54.00 FTSE ST Mid Cap 326.75 -5.88 FTSE ST Small Cap 267.27 -5.98 FTSE ST All Share 383.06 -8.07 FTSE ST China Top 166.90 -4.28 FTSE ST China 164.87 -3.98 UOB Catalist 69.73
      61 words
    • 63 6 VOLUME Golden Agri 393,686,000 China Honqxinq 133,916,000 Capita Land 118,641,000 Straits Asia 116,185,000 Sing Tel 105,941,000 Noble Grp 89,861,000 Gent Intl 75,755,000 Olam 74,284,000 Yanlord 67,808,000 Cosco Corp 61,611,000 VALUE(S) UOB 334,207,040 Capita Land 297,331,224 DBS Grp 293,688,935 Sing Tel 261,513,269 OCBC Bk 178,353,380 SGX 178,096,226 ST
      63 words
    • 106 6 CLOSE UP 9602 617.8 4.4 LD 10US$ lUE 1040 168.0 19.3 iBS Bk6% NCPS 10 9850 100.0 1.0 IOB 5.05%NCPS 100 9690 100.0 1.0 ICBC Bk5.1%NCPS 100 9400 60.0 0.6 ICBCCai 5.1%NCPS 100 9350 50.0 0.5 ICBC Bk4.5%NCPS 100 8350 40.0 0.5 Venture Cor| 442 37.0 9.1 ISL 106
      106 words
    • 111 6 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 1686-252.0 -8.9 IMH iTXPO 100 920-150.0 -14.0 ISH 900-138.3 -9.1 IOB 1020-116.0 -10.2 ir China H 10US 912-109.1 -7.2 India Ni 10 839 -83.0 -9.0 lardineC&C 944 -76.0 -7.5 iBXT MSTaiwan 10US$ 879 -73.8 -5.2
      111 words
    • 87 6 Where S! stands Feb 20 CHNG CLOSE FR Feb 19 YR 2008/2009 S$ LOW S$ HIGH uss 1.5373 -0.72 1.5346 1.3457 Euro 1.9381 -0.20 2.2064 1.8640 Pounds 2.1857 0.38 2.8431 2.0356 0.9811 0.62 1.3251 0.9068 'en* 1.6377 -0.34 1.7278 1.2619 Rupiah* 0.***** -0.80 0.***** 0.***** Baht* 4.3038 -0.18 4.4299
      87 words
    • 1679 8  -  TEH HOOI LING THE earnings season drove home the stark economic reality, and investors are being forced to adjust their expectations down further. Hence the relative calm of the markets so far this year has been disrupted as stock prices globally began their next leg
      1,679 words
    • 1262 8  -  ROBERT HALILI INSIDE MARKETS By I DIRECTORS were quiet for the third straight week with only 13 companies that recorded 19 purchases worth $1.46 million versus one firm with one disposal worth $80,000. The figures were consistent with the previous week's seven
      1,262 words

  • Page 7 Advertisements
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  • Page 9 Advertisements
    • 99 9 II Let your investors know by advertising your financial results I II in our newspapers. Call 1800 289 8822 or email X] II notices@sph.com.sg. X] S^^k v fc^W 5 -T HI i h vtl^k jiff ■^Stt WE? Wt\ HfeH M^W J* 400 international awards and over 100 destinations worldwide. 'Valid
      99 words
    • 74 9 U.S. Manufacturer Seeks Exclusive Distributor for SINGAPORE We are an industry leader in the environmental protection factory life extension industry, with some of the most advanced products in the world. We are looking for a highly talented and skilled business professional/organization to become our exclusive stocking distributor for SINGAPORE and
      74 words

  • SINGAPORE NEWS
    • 386 10  -  LEE U-WEN Security now takes priority above work-life balance and training: survey By I WORK-LIFE balance and on-the-job training no longer top the agenda for younger job-seekers. Security is now the big concern for Generation V workers as they grapple with the reality of the
      386 words
    • 127 10 REUTERS PARTICIPANTS of Singapore's first mass cycling event to be held on public roads riding past with the skyline of the financial district in the background. Some 5,400 people joined the OCBC Cycle Singapore event yesterday., Minister for Community Development, Youth and Sports Vivian
      REUTERS  -  127 words
    • 449 10 Reuters [NEW YORK] Singapore investment company Temasek Holdings is no longer interested in bidding for American International Group's aircraft leasing business, according to sources. Private equity firm Kohlberg Kravis Roberts (KKR) has also pulled out from the bid for International Lease
      ■ Reuters  -  449 words
    • 523 10  -  LYNETTE KHOO By PRIME Minister Lee Hsien Loong said the government has received positive responses from companies to the enhanced funding support scheme for skills upgrading, Spur, as well as to the Jobs Credit Scheme. Some 350 companies have signed up
      523 words
  • Page 10 Advertisements
    • 2206 10 w MATS _L^l V^X jL jL^^ jLj k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg Hi I I IN THE MATTER OF THE COMPANIES ACT IN THE MATTER OF (CHAPTER 50) g THECOMPANIESAaICAP.SO) IN theZ^TER OF It intheZterof KKT!^SS^SX im WO INTERMIUJNG COMMODITIES PTE LTD Company Registration No.: *****7424G V (IN
      2,206 words

  • FINANCIAL CRISIS
    • 1046 11 JOCHEN WIRTZ offers suggestions on how service companies can create value from excess capacity that would otherwise be wasted DECLINING demand has, and will, hurt many service firms significantly in the coming months. Service firms tend to have high fixed and low variable
      FILE PHOTO  -  1,046 words
  • Page 11 Advertisements
    • 190 11 s ßcu^ s L s the Business Times From the world's most experienced airline. We've drawn on 88 years of experience ThenewA3Bo to create an exceptional way to fly. Introducing the Qantas A3BO First Suite. X Experience? You can feel it in the way our luxurious individual W First Suites
      190 words

  • VIEWS FROM THE TOP
    • 2611 12 Dhirendra Shantilal Senior Vice-President, Asia-Pacific Kelly Services LOOKING at the current and proposed activities, PMETs now have a wider choice in terms of training and retraining programmes available at subsidised rates. It is useful for PMETs to take advantage of the courses to master new skills
      FILE PHOTO  -  2,611 words
  • Page 12 Advertisements
    • 216 12 A member of gjjj«| l%ck o^^ c University of Nottingham I rA«ic^Tiv and PSB Academy congratulate our I 2009 Graduation Ceremony 23 February 2009, CHIJMES Hall The University of Nottingham Master of Business Administration with Distinction •A Financial Times Global Top 100 MBA, 2009 Neelam S Detaram Daryanani* J Nq
      216 words

  • Page 13 Advertisements
    • 155 13 SIMPLY CLEVER The all-new SkodaSuperb with Twin Door I^^ M i^jS W. l^^ OFFICIAL PARTNER JBS^ MEETS INTELLIGENT Launching the all-new SkodaSuperb. A vehicle that's capable of a lot more than just looking good: The patented Twindoor system enables you to open the boot in two different ways. So you
      155 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1111 14 His job scope has gone beyond functions of 'control' and 'treasury' to that of a visionary and communicator, says PENELOPE PHOON THE role of the chief financial officer, or CFO, has been subject to more changes than any other in the corporate world in
      1,111 words
    • 747 14 CAMPUS LIFE Four of its undergrads emerge champions at a top business case contest in New Zealand, writes JAYME TAN WHEN three of my fellow university students and I heard that we have been selected to represent our institution at a prestigious competition in
      747 words
    • 204 14 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 14 Advertisements
    • 46 14 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • DINING OUT
    • 773 15  -  Geoffrey Eu NEW MENU Jaan Level 70, Equinox Complex, Swissotel The Stamford, 2 Stamford Road. Tel: 6837 3322 www. equinoxcomplex. com THESE days, a meal at Jaan routinely elevates the senses and raises expectations and not because the restaurant is located 70 floors above street level
      773 words
  • Page 15 Advertisements
    • 47 15 Lianhe Zaobao RELIVE THE EXCITEMENT Palm oil prices I remain volatile 11 jI J Til bbTU fl I n I-bbbl WE REMAKE' YOU Gold Silver Han d c rafled since 1946 302 Orchard Rd #6-04A Tong Building {Rolex Centre) Contact 6733 0263 Open 1 lom-7pm Mon-Sat www.morethandiamonds.com.sg
      47 words
    • 1948 15 f^>)S QIAN HU CORPORATION LIMITED (Incorporated in the Republic of Singapore) <%, .>& (Company Registration No. *****6124N) NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company will be held at No. 71 Jalan Lekar, Singapore *****0 on Wednesday, 11 March 2009 at 11.00 a.m. to transact
      1,948 words

  • ECONOMY WATCH
    • 876 16 America's friends hope he succeeds in remaking America, says LEE KUAN YEW AMERICA'S recession has spread worldwide, and there has been no decoupling for any country from the American economy. If the US does not recover, the EU will not bounce back.
      BLOOMBERG  -  876 words
    • 605 16 NYT Even after years of economic recovery, they fear to splurge [TOKYO] As recession-wary Americans adapt to a new frugality, Japan offers a peek at how thrift can take lasting hold of a consumer society, to disastrous effect. The economic malaise that
      NYT  -  605 words
    • 185 16 Bloomberg [NEW YORK] Billionaire investor George Soros said the current economic crisis has its roots in the financial deregulation of the 1980s and marks the end of a free-market model that has since dominated capitalist countries. Liberalisation of the financial industry begun by
      Bloomberg  -  185 words
    • 512 16 LAT-WP Analysts forecast that this year's deficit would approach USsl.2t [WASHINGTON] President Barack Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on
      LAT-WP  -  512 words
    • 535 16 Bloomberg [WASHINGTON] US states are cutting spending and increasing taxes because aid in the US$7B7 billion economic stimulus signed by President Barack Obama last week isn't enough to balance their budgets, governors meeting here said. "States have a cumulative deficit
      Bloomberg  -  535 words
    • 441 16 LAT-WP [WASHINGTON] The World Bank warned on Friday that wealthier nations in Europe need to do more to help faltering Eastern European economies avoid a dangerous financial crisis. If European leaders do not pull back from protectionist policies that have been
      LAT-WP  -  441 words

  • MALAYSIA/INDONESIA
    • 626 17  -  PAULINE NG MALAYSIA INSIGHT Barisan's 'backdoor takeover' of the state makes it underdog in April's by-elections NEARLY a year after its last general election, Malaysia faces the prospect of two, or possibly three, by-elec-tions. And in view of the current constitutional impasse in
      626 words
    • 398 17 Reuters [JAKARTA] Indonesia has issued a regulation to protect its domestic steel industry from illegal steel imports, officials said on Friday, at a time when the government is promoting local goods to drive growth. Indonesia's trade policies are attracting close attention amid
      ■ Reuters  -  398 words
    • 287 17 AFP [KUALA LUMPUR] Malaysian Grand Prix organisers said last Thursday that they will host a "twilight" race until 2015, saying that a proposed night event would require new floodlighting that was too costly. Sepang International Circuit (SIC) chairman Mokhzani Mahathir said that Formula
      AFP  -  287 words
    • 710 17 Reuters Fall in exports too big to be filled by domestic demand [KUALA LUMPUR] Malaysia's attempts to boost its faltering economy will likely fail as the drag of falling demand for its main exports of electronics, commodities and oil is too large for any
      Reuters; AFP  -  710 words
    • 144 17 Reuters [KUALA LUMPUR] Malaysia is expected to announce a stimulus plan of more than RM3O billion (5512.8 billion) to help its economy weather the impact of the global slowdown, a deputy minister was quoted yesterday as saying. The plan would be aimed at reducing the
      ■ Reuters  -  144 words
    • 2166 17 :eb20 RM Cooo] A& M Realty 0.30 AbricBhd 0.24 advance Synergy 0.09 Adventa Bhd 0.88 Ae Multi Hldgs 0.12 Affin Holdings 1.26 Ahmad Zaki Resou....0.45 AicCorp 0.57 Airasia Bhd 0.95 Akn Technology 0.12 alliance Financi 1.79 aluminium Co 0.82 Amalgamated Ind ....0.32 tomb Hldgs Bhd ....2.49 Amtel Holdings
      2,166 words

  • GREATER CHINA/INDIA
    • 766 18 -AP The US has to incur more debt in order to boost the economy: Clinton [BEIJING] US Secretary of State Hillary Clinton wants China to continue investing in the United States because the two countries' financial futures are closely tied together. "I certainly
      -AP; BLOOMBERG  -  766 words
    • 546 18 Bloomberg Gas pipeline, power plants and reactors get govt approval [BEIJING] China, the world's second-biggest oil consumer, has approved and started energy projects that cost at least US$35 billion since November as the government implements a stimulus plan to spur economic growth. Construction of
      – Bloomberg  -  546 words
    • 776 18 AP [BEIJING] As companies abroad slash spending to ride out a global slump, China's biggest utility is bucking the trend and pouring money into trying to become a pioneer in the multibillion-dollar field of electric power transmission. State Grid Corp says it began
      AP  -  776 words
    • 366 18 Bloomberg [TAIPEI] Taiwan President Ma Ying-jeou gave his government three months to draft a development plan to boost exports and local industry after the island posted a record economic contraction. "The president has called on the cabinet to come up with a
      Bloomberg  -  366 words
    • 711 18 -AFP [NEW DELHI] India's imports of gold have collapsed as people rush to sell their jewellery and coins to take advantage of soaring world prices for the precious metal. India, long famed as the world's largest gold consumer, normally imports
      -AFP  -  711 words

  • ASIA-PACIFIC/WORLD
    • 418 19 -AP [LONDON] Honda reportedly spurned a buy-out offer from Bernie Ecclestone that would have allowed the Formula One (Fl) team to race this season. "They should have taken what I offered. It was a very good offer for everybody concerned," Mr Ecclestone
      -AP  -  418 words
    • 635 19 AP, Reuters Working group to discuss fate of GM unit as ruling party debates state aid [BERLIN] Germany's new economic minister said he has set up an informal working group with the US treasury secretary aimed at finding a way
      AP, Reuters; AFP  -  635 words
    • 438 19 Reuters [LONDON] Lloyd's of London said it had sold insurance to the financial empire of Allen Stanford, but not to cover any client funds in the possible fraud the Texas billionaire has been charged with. "We are aware that Stanford International Bank has insurance arrangements
      – Reuters  -  438 words
    • 252 19 -AP [PAßlS] From the Picassos that graced his walls to historic artifacts and hundreds of sculptures, the artwork that inspired late fashion designer Yves Saint Laurent has gone on display a few days before it is auctioned starting today. Billed as
      -AP  -  252 words
    • 544 19 -AFP [BERLIN] The heads of Europe's largest economies agreed here yesterday on the need for greater regulation of financial markets and of products such as hedge funds, a German government source said. The leaders of Britain, France, Germany, Italy, Spain
      -AFP  -  544 words
  • Page 19 Advertisements
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      137 words
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  • WORLD
    • 660 20 Reuters Their aim is to find out which lenders get bigger capital help if the recession deepens [WASHINGTON] US financial regulators will soon launch a series of "stress tests" to determine which of the largest US banks should get bigger capital cushions
      Reuters  -  660 words
    • 342 20 Reuters [AMSTERDAM] Shares in ING fell near a 16-year low on Friday on concern the Dutch bank and insurer might miss interest payments on certain bonds, and ING said it would divulge any deferred payments promptly. Paul Beijsens, analyst at Theodoor Gilissen,
      Reuters  -  342 words
    • 496 20 AP [BEVERLY HILLS] Breathtaking baubles fill the glass cases at Martin Katz's jewellery showroom near Rodeo Drive, but during Oscar week, he keeps some of the most impressive pieces in a semi-private back room. That's where millions of dollars in
      AP  -  496 words
    • 291 20 -AP OSCAR INSIDER [LOS ANGELES] Is it the shoes? Maybe not on the hardwood, but the Oscars' red carpet is a different story. This is also a different kind of year. The million-dollar shoe designer tones it down, and celebrities collect some gifts while
      -AP  -  291 words
    • 573 20 Bloomberg ÜBS TANGLE US lawsuit seeks to expose execs to jail terms, say lawyers [ZURICH] US efforts to force ÜBS to disclose the names of 52,000 American customers would require the bank to violate Swiss sovereignty and criminal law, bank lawyers said. A
      Bloomberg  -  573 words
    • 583 20 Reuters, AP [BEßN, Switzerland] The Swiss government said yesterday it will not attend a US Senate hearing on tax havens in what appears to be a protest against a US lawsuit against bank ÜBS seeking the data of tens
      Reuters, AP  -  583 words

  • SHIPPING/AVIATION
    • 422 21 But traders say the rise caused by Chinese demand may be short-lived [LONDON] The Baltic Exchange's chief sea freight index, which tracks rates to ship dry commodities, rose by 2 per cent to a four-month high on Friday. Traders said the recovery, largely
      BLOOMBERG  -  422 words
    • 546 21 Shipyards in Spain's Ga licia buck global crisis AFP [VIGO, Spain] Shipyards in Spain's Galicia region are defying the global financial crisis, creating hundreds of new jobs as order books fill up, largely by switching to the production of specialised high-technology vessels. "We are going through a good period which
      AFP  -  546 words
    • 244 21 AFP [LONDON] Europe's largest low-fare airline Ryanair said on Saturday it planned to save costs by closing all its airport check-in desks by the end of the year and have passengers check in online instead. "All we will have is a bag drop where
      AFP  -  244 words
    • 2573 21 AIRLINE CODES: AA American AF Air France (AFR), Al Air India (AIC), AY Finnair Ov (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co(BAW), BG ..._,adesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA Airways Corpn (EVA),
      2,573 words
  • Page 21 Advertisements
    • 62 21 1 ilfef ASIAN SHIPPING and WORK BOAT EXHIBITION 3 iMI/§Jr HALL 401 SUNTEC SINGAPORE ship and boat builders engine/propulsion system manufaqurers j| ~S^<S 7 oV ol onno countless marine equipment and service suppliers miliiifcfc^^ February 24 26, 2009 j BUT; W TH so much to see, one visit surely won't
      62 words
  • Page 21 Miscellaneous
    • 371 21 CRYPTIC CROSSWORD tourist site (3,5) 5 Small restaurant includes g—^ new meal (6) I 111 9 Extra note, yes, about Chi- i nese journalist prepared? BBJ BB B^ Bfl Bfl Bfl 11 Pin stuck in window elabo- *****8 bfl^^Tßß Hfl Hfl HH rately (5) I more advanced? (6) HB^I 13
      371 words

  • SINGAPORE STOCKS
    • 9051 22 Week ended: Feb 20 52-wks Tel |h Low Code Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap Smil Hi. Com| )an] 9 3 3148 STelecom 12 3 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30.5 12
      9,051 words
    • 1911 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      1,911 words
    • 101 23 52-Wk Tel h Low Code Last Sale Vol COOP) Week ih Low Last Quote Buyer Seller Div GrYld Net MCap Cvr P/E $mil _Hii Com i _Hii DBXT FTChina25 1OUS$ 931 872 DBXT MSTaiwan 1OUS$ DBXT Nifty 1OUS$ DBXT S&P Short 10US$ ***** ***** 6065 Diamonds 6200 6200
      101 words
    • 75 23 52-Wk Tel High Low Code Last Sale Vol room Week Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E Sinil Comi Hii 86.5 29.5 6000 AVJennings 11 4 6134 Over&Gen 25 6 6017 StarCruises 248 103 6019 TanChonglnt ...A35 ...A8 .US7.5 .HK112 +5 -0.5 +5 5
      75 words
    • 110 23 i Land 2.040 -0.090 JSH 9.000 SIAEm 1.920 +0.01 iMall 1.310 -0.020 Jardine CSC 9.440 -0.340 SPH 2.640 -0.080 :it' 4.950 -0.220 Kg il Cor[ 4.140 -0.010 ST En. 2.270 -0.060 ■osco Cor| 0.785 -0.020 Kg ;l Land 1.310 -0.050 iembCon Ind 2.000 -0.070 iBS Gri
      110 words
    • 99 23 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 9 4 0 0 0 3 9 4 lanufacturini 46 93 49 11 10 53 104 59 Commerce 16 32 20 20 36 26 r/O ms 30 32 :inance 12 30 12 30 instruction 10
      99 words
    • 103 23 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 146,694 146,694 321,494 321,494 lanufacturing 686,500 40,293 726,793 407,970 1,769 409,739 Commerce 312,329 16,425 328,754 289,296 2,315 291,611 ]t/Stor/Comms 314,049 511 314,560 551,417 24 551,441 :inance 159,922 159,922 1,024,680 1,024,680 Construction 64,692 6,278 70,970 3,557 60 3,617 'ro| 329,018
      103 words
    • 2719 23 Transaction date: Feb 20 For a full listing of the closing prices, log on to EST online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ ;on Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway feia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing
      2,719 words
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  • FINANCE & COMMODITIES
    • 368 24 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Feb20 World Index Preliminary 583.1 -2.5 -14.0 -1.9 -10.8 -2.6 -16.. EAFE Preliminai 564.0 -3.0 -13.1 -2.6 -12.6 -3.3 -18.1 Euroi Prelim inan 789.8 -3.7
      368 words
    • 129 24 As at 9am Feb2o Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9770 1.0090 an dollar 1.2100 1.2240 Euro 1.9250 1.9470 NZ dollar 0.7730 0.7890 terlinc nd_ 2.1700 2.1950 US dollar 1.5200 1.5380 Local dollars to 100 units of foreign currency:
      129 words
    • 170 24 Feb2o $S_ Offer Bid Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 5/16 US$ Offer par 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.40 0.60 1.10 1.50 1.90 2.30 2.50 Offer 0.30 0.50 0.90
      170 words
    • 24 24 Feb2o en Hie Sett J\_ IMSCI Feb 195.9 196.6 193.1 aiwan Feb 169.5 169.8 167.2 Source: MF Global (S) He. Ltd
      24 words
    • 21 24 Feb2o SI Bid Offer 1-month 1.5366 1.5381 2-months 1.5361 1.5378 3-months 1.5355 1.5373 6-months 1.5345 1.5365 Source: OCBC
      21 words
    • 64 24 Feb2o KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Low Vol Open Done Position Mar 09 1910 1875 1915 1875 307 5789 Apr 09 1895 1840 1898 1840 2358 ***** May 09 1880 1835 1889 1832 6788 ***** JunO9 1875 1824 1883 1824
      64 words
    • 307 24 Feb2o OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.7475 98.7500 98.6800 98.5250 9518 5160 6142 2249 EUROYEN TIBOR FUTURES MarO9 JunO9 99.425 99.425 SepO9 99.515 99.515 DecO9 99.515 99.515 Mar10 Jun10 Sep10 Dec10 99.425 99.515 99.515 99.325 99.440 99.505 99.505 99.465 99.405
      307 words
    • 188 24 Feb2o RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) 0/1 lots) Mar 09 141.5 Apr 09 May 09 JunO9 Jul 09 141.5 Aug 09 141.0 141.5 141.0 138.5 141.5 142.0 142.5 143.0 142.0 141.0 70 210 80 652 1021 874 951
      188 words
    • 87 24 Feb2o Period Issue code Maturity Yesterday's Bid Hie Day's h Low 3-Month BQ*****T 21.05.09 1-Year BY*****V 02.11.09 0.25 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hie 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X 3.125
      87 words
    • 101 24 Feb2o (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 862.50 884.50 889.25 854.00 May 09 863.25 886.00 891.25 854.25 Jul 09 869.25 891.50 896.25 859.75 AugO9 863.50 883.00 871.75 853.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 30.22 30.42 30.94 29.57 May 09
      101 words
    • 77 24 CRUDE OIL PRODUCTS Feb 19 CRUDE (FOB origin) US$/barrel Close Chanc Brent blend (1-Mth F) 41.03 0.93 WTI (Near Mth) 38.94 4.39 Dubai (1-Mth F) 40.59 -0.49 Tapis blend 44.95 -0.45 Minas 42.40 -0.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 43.50 49.00 -1.60 -1.05 US$/barrel Opec Oil
      77 words
    • 461 24 Feb2o AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.804 4.355 0.506 4.940 31.784 76.378 0.599 9.627 2.342 1.267 50.876 30.736 0.980 6.493 0.753 22.171 22.756 0.449 0.637 Canada 1.244 5.418 0.629 6.146 39.541
      461 words
    • 74 24 Feb2o (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 2.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 1.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP
      74 words
    • 155 24 Feb2o Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9787 0.9804 0.6369 0.6374 Canadian dollar 1.2180 1.2193 0.7926 0.7927 Euro 1.9346 1.9374 1.2589 1.2596 NZ dollar 0.7722 0.7735 0.5025 0.5029 Sterling 2.1827 2.1853 1.4204 1.420! US dollar
      155 words
    • 140 24 Feb2o GOLD (USS/oz) Feb 19 Feb20 Hong Kong London 968.30 973.70 969.30 974.70 Feb 20 Feb 19 994.40 980.10 996.00 982.10 Source: Thomson Reuters CAST BAR (S$) Feb 20 Buying Sellinc Kilobar "50,998.34" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz
      140 words
    • 64 24 Feb2o n 70/ iri iiuiii, yy.i (US$/tonne) Close Previous :ash 1269.25 months 1305.00 1314.01 1350.01 Copper, Grade A (US$/tonne) :ash months 3115.25 3150.00 3254.75 3290.00 .ead (US$/tonne) :ash months 1019.00 1030.00 1060.01 1070.51 lickel (US$/tonne) :ash months 9420.00 9500.00 9821.01 9900.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00
      64 words
    • 69 24 Feb2o (£/tonne) Close Prev Hii ih/Low Mar 09 1786 1873 1858/1784 May 09 1762 1848 1834/1760 Jul 09 1757 1838 1826/1757 SepO9 1745 1830 1820/1742 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1558 1577 1579/1557 May 09 1565 1586 1586/1564 SUGAR (US tonne) White Close Prev High/Low May 09
      69 words
    • 2486 24 BONDS, WARRANTS EXTENDED SETTLEMENT [el lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Disc Gear- Mths ing Left >058 Advance Modules GrpW*****3 6 susp 1 17 156 1.50 42 >036 Advance SCT Ltd W*****9 0.5 1 1358 12.00 5092 Asia Environment W*****4 0.5 1 38 235 23.00
      2,486 words

  • Page 25 Advertisements
    • 2769 25 Shipping times I WAN HAI international pte ltd i *****695 m I r^^3 Be I \^m\ iaiam uai iimcc TEL 6226,588 (,4LINES) FAX:6224M63 M^f|H7^Bß|H IjtllllaglElSißßM I\\ WAN II AI II«E_J FKL TEL: <03| *****888 FAX: (03) *****283 PEN TEL: <04) *****00 FAX: (04)*****99 _-l^Tl M^fllCC?Sl I BBBB^HflffljH_-_lffißßr-ufllß HRHBHufflSHiifflffßiSifflH V^jL— fcll!fc«#
      2,769 words

  • Page 26 Advertisements
    • 3197 26 r^VHEHSEii^^^^^H! I PTf~ EASTERN CAR LINER, LTD I njf 2JS2S& I |f- ~—1 I specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I |Mi|yg|gMMipHMyMMiiiililMlrtHiliiHiMliilMMiMiiilliliiiMHßJiillil^ I|QQ£2£Q2Q9 I VOY Roinp(KT) Lilling(KT) MNL SIN PKL KUC )KT SUR yy^y i yy^j^y|j j l |y| t^jyi jj l^ji jy i
      3,197 words

  • BizIT
    • 963 27  -  AMIT ROY CHOUDHURY Firms in Asia-Pac excluding Japan have highest level of breaches: survey By, A NEW global security survey covering the financial sector shows that firms in the Asia-Pacific region excluding Japan (APEJ) have the highest percentage of security breaches yet have
      963 words
    • 406 27  -  JESSICA YEO Gathering in July to launch book, forum and regional body By ATTENTION digital gaming companies: if you're looking for information and help on venturing overseas, the Summit of Asia Pacific Gaming Associations (Saga), to be held here on July 5-6, can
      406 words
    • <what's up>
      • 99 27 JAPANESE computing giant Fujitsu is planning to notch up its after-sales service with the opening of a new support centre in Singapore. Located at Funan Digital Life Mall, the new "Premium Care Centre" is the firm's first open repair facility here. It is touted
        99 words
      • 95 27 SINGAPORE will set the stage for a seminar for policy makers on the importance of intellectual property (IP) management and protection. Called From Mind to Market: The Highs and Lows of Technology Transfer, the event opens today at the Grand Copthorne Waterfront Hotel.
        95 words
      • 83 27 LASALLE College of the Arts has become the latest member to join an interactive digital media (IDM) incubation programme spearheaded by the Singapore Management University (SMU). This initiative, which is also backed by other tertiary institutions such as Nanyang Polytechnic and Nanyang Academy of
        83 words
      • 137 27  -  WINSTON CHAI LOGITECH is hoping to put music in the ears of demanding audio buffs with the launch of its new line of premium earphones. The new product family resulted from Logitech's acquisition of Ultimate Ears in August 2008, a firm started by Jerry Harvey,
        137 words
    • 378 27 Bloomberg [TAIPEI] Asustek Computer Inc, which pioneered the market for sub-US$5OO laptops, may install Google Inc's free Android operating system on its low-cost notebooks, challenging the dominance of Microsoft Corp's Windows software. Asustek has allocated engineers to develop an An-droid-based netbook by as early
      Bloomberg  -  378 words
    • 203 27 Bloomberg [SAN FRANCISCO] Adobe Systems Inc, the world's biggest maker of design software, identified a "critical" flaw in its Acrobat and Reader programs that can crash computers and leave them open to attacks from hackers. The company is working on the problem, which
      Bloomberg  -  203 words
    • 863 28 The recent flurry of new mobile application outlets from Google, Nokia, RIM and others could help local developers thrive in the growing smartphone market, reports ONG BOON KIAT ARISING tide of mobile application stores from big-name phone and software vendors looks set to
      863 words
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  • Page 28 Advertisements
    • 646 28 db x-trackers Simply buy the market Deutsche Bank Exchange Traded Funds IBj2rß db x-trackers Asia's new ETF shop Deutsche Bank, one of the leading global investment banks and a recognised leader in Asia, is launching a range of equity Deutsche Banketfs SGXcode Exchange Traded Funds (ETFs) to serve investors in
      646 words
  • Page 28 Miscellaneous