The Business Times, 25 February 2009
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2009-02-25
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The Business Times
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Title Section23 2009-02-25 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •■f* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, February 25,200923 words
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783 2009-02-25 1 Reuters, Bloomberg Any buyer willing to spend USslob would want majority stake [HONG KONG] American International Group Inc (AIG), facing massive losses and seeking fresh funds, may be willing to give up control of its prized Asian division, worth about US$2O billion,Reuters, Bloomberg - 783 words
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MARKETS DIGEST
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Article44 2009-02-25 1 uesi lay lange 1 COMP 894.07 +6.24 IIKKEI225 7,268.56 -107.60 1ANG SENG 12,798.52 -376.58 ;et index 431.32 -3.67 JAKARTA COMP 1,295.87 -16.57 1ANILA COMP 1,869.59 -21.45 ;eoulcomp 1,063.88 -35.67 ;henzhenb 319.79 -12.61 IUMBAI IND 8,822.06 -21.15 11AM EST Cham )OW 7,204.07 +89.29 IASDAI44 words
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Article28 2009-02-25 1 SINGAPORE 5.38 MALAYSIA 5.91 HONG KONG 5.00 INDONESIA 16.552 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA Source: BloombergBloomberg - 28 words
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Article45 2009-02-25 1 IS$ (S$ per US$) 1.527 (US$/S$ per 1.454 2.220 :URO (US$/S$/E) 1.276 1.949 Foreign currency per US$ S$ 'EN 95.40 62.40 3.663 2.398 IK$ 7.753 5.076 !AHT 35.71 23.38 lUPIAH 11,940 7,817 1ENMINBI 6.838 4.477 INDIAN RUPEE 49.82 32.61 1.542 1.010 IZ$ 1.947 1.27545 words
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Article, Illustration733 2009-02-25 1 ANTHONY ROWLEY - ANTHONY ROWLEY Government to act as Nikkei slides towards 26-year low; yen also falls By in Tokyo THE Japanese government may be forced to intervene in the collapsing Tokyo stock market, Finance Minister Kaoru Yosano said yesterday after the benchmark Nikkei averageBloomberg - 733 words
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Page 1 Miscellaneous
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Miscellaneous17 2009-02-25 1 THAILAND Aijf T A^f CFO C^3 TRANSPORT HUB Thousands rally H^S^^K; CONVERSATIONS Bike Asia 2009 attracts rte17 words
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Miscellaneous10 2009-02-25 1 GIC may say no to Citi stock conversion PAGE 210 words
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TOP STORIES
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THREE-MINUTE DIGEST
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71 2009-02-25 2 THE Japanese government may be forced to intervene in the collapsing Tokyo stock market, Finance Minister Kaoru Yosano said yesterday after the benchmark Nikkei average fell by a further 1.5 per cent towards a 26-year low. Even the strong yen has begun71 words
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72 2009-02-25 2 AMERICAN International Group, facing massive losses and seeking fresh funds, may be willing to give up control of its prized Asian division, worth about US$2O billion, said sources with direct knowledge of the matter. Advisers have signalled the US insurer would72 words
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73 2009-02-25 2 THE Government of Singapore Investment Corp will say no to converting its preferred Citi shares into common stock now, a report said yesterday. The Wall Street Journal reported that GIC wants to keep its US$6.BB billion investment in the US bank,73 words
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47 2009-02-25 2 THE number of advertisements for professional jobs in Singapore fell 41 per cent in the fourth quarter of 2008 the biggest drop in Asia, a survey by recruitment firm Robert Walters Asia found. TOP STORIES, PAGE 447 words
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63 2009-02-25 2 S-CHIPS tumbled in panic selling yesterday as market rumours of margin calls and accounting issues made the rounds, hurting market confidence. China Hongxing fell as much as 34.5 per cent yesterday, before closing at 11.5 cents, a 20.7 per cent slump. This63 words
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59 2009-02-25 2 SEMBCORP Marine has put its forex woes behind it and forged ahead with a good set of results, posting a 78.4 per cent rise in 2008 net profit to $429.9 million despite taking a one-off charge of $43.7 million in the fourth quarter for a59 words
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49 2009-02-25 2 OIL trading here "remained fairly resilient" in the first two months of this year, says trade promotion agency International Enterprise Singapore. And new traders have set up shop to replace those that exited last year. SINGAPORE NEWS, PAGE 1049 words
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52 2009-02-25 2 CHINA Investment Corp, the country's US$2OO billion sovereign wealth fund, made a profit of about US$lO billion last year as it benefited from staying largely in cash and avoiding new investments in Western banks, a source close to the fund said. GREATER CHINA,52 words
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Article, Illustration714 2009-02-25 2 ANDREW MARKS ll \/ _J - ANDREW MARKS ll \/_J, Stocks touch 12-year lows on Monday as anxiety deepens By i in New York THE growing anxiety over the US economy and doubt over the government's ability to stanch the bleeding sent the major US stock market indexes to levelsGraphic - 714 words
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793 2009-02-25 2 OH BOON PING - OH BOON PING WSJ says GIC wants to keep preferred shares as Citigroup tries to avoid US govt control By [SINGAPORE] The Government of Singapore Investment Corp (GIC) will say no to converting its preferred Citi shares into common stock now,793 words
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998 2009-02-25 2 R SIVANITHY - R SIVANITHY COMMENTARY By FORMER British prime minister Winston Churchill once famously said: "Those who fail to learn from history are doomed to repeat it." In trying to repair the damage wrought on the US economy by the sub-prime crisis, the998 words
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Article, Illustration384 2009-02-25 4 LAUREN SUVA LAUGHLIN - LAUREN SUVA LAUGHLIN *HBBFviewsfflm By IT'S not as if US Treasury Secretary Tim Geithner doesn't have enough to worry about. Now, American International Group is back. The struggling insurer said on Monday that it continues to "work with the US government to evaluate potential new alternatives".REUTERS - 384 words
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393 2009-02-25 4 ARTHUR SIM - ARTHUR SIM Survey shows lower falls in China, Japan and Hong Kong By [SINGAPORE] The number of advertisements for professional jobs in Singapore fell 41 per cent in the fourth quarter of 2008 the biggest drop in Asia. A survey393 words
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363 2009-02-25 4 AFP, AP American consumer confidence hits new lows in Feb [WASHINGTON] Federal Reserve chairman Ben Bernanke said yesterday he sees a "reasonable prospect" for an end to the deep recession later this year if the numerous rescue and stimulus programmes work as intended.– AFP, AP - 363 words
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Advertisement157 2009-02-25 2 JEWELLERY AUCTION Over 5 Million Dollar Jewellery Inventory MUST BE LIQUIDATED! This property shall be offered at this one day auction. Items obtained from govt. auctions plus the addition of goods which constitute the majority. GIA DIA 3ct.-VSI -Colour F I'l'li- I IIW fill MM II 1# GIA GIADIA2ct.-WSI-ColourD l157 words
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Advertisement130 2009-02-25 3 **S-v ■-'^«^m w^Ur' "r IBf'Ml f Turn heads and set minds spinning with NEC Digital Signage Solutions. With NEC's digital signage solutions, you can hold a crowd's attention even as they are constantly on the lookout for the best attractions. Designed to provide vital information to the right people in130 words
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Advertisement357 2009-02-25 4 27 February CFriD -SI March [sun] 2QQ9 V j^JjQS' 10am 10pm daily Marina Square Central Atrium Arts Culture Media Communications Design Look out for more than 300 jobs, 100 apprenticeship places and 1,000 training opportunities in the Arts Culture, Media Communications and Design sectors at the CI fair! Key Highlights:357 words
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COMPANY NEWS
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565 2009-02-25 5 LYNETTE KHOO - LYNETTE KHOO China Hongxing, Fibrechem and China Zaino are among those hit By S-CHIPS tumbled in panic selling yesterday as market rumours of margin calls and accounting issues made the rounds, hurting market confidence. China Hongxing shares fell as much as 34.5565 words
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Article, Illustration387 2009-02-25 5 SIOW LI SEN - SIOW LI SEN By ASIAN companies with the right predigree and liquidity can still raise cash via rights issues and they should do it fast, said JP Morgan investment bankers. And for companies with debt such as convertible bonds, they can look387 words
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515 2009-02-25 5 UMA SHANKARI - UMA SHANKARI By UOL Group said yesterday its 2008 earnings sank 81 per cent as it wrote down a development project and recorded a revaluation loss on investment properties. Net profit fell to $147.2 million, from $758.9 million in 2007. The weaker earnings515 words
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Article168 2009-02-25 5 BRITTANY KHOO - BRITTANY KHOO By THE winners of The Edge-Lipper Singapore Fund Awards 2009 were announced yesterday. The awards, part of Lipper's global programme that covers 21 countries and regions, were given to Singapore-regis-tered funds that have performed consistently for investors over the past three, five and 10168 words
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Article, Illustration529 2009-02-25 7 VINCENT WEE - VINCENT WEE Revenue up 12.2% to record $5.06b, with rig building contributing most By SEMBCORP Marine has put its forex woes behind it and forged ahead with a good set of results, posting a 78.4 per cent rise in 2008 net profit to $429.9 million despite529 words
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438 2009-02-25 7 UMA SHANKARI - UMA SHANKARI By BOUTIQUE property group SC Global Developments reported a 46 per cent drop in Q4 earnings as it booked a loss on its share of results from its Australian unit. It also announced a $30 million write-off as it made438 words
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375 2009-02-25 7 JAMIE LEE - JAMIE LEE By CORTINA Holdings has sued a former employee who went missing following a heist at the company last year and is seeking $13.3 million in compensation, Lianhe Zaobao reported yesterday. Citing a writ of summons filed last Wednesday, the Chinese newspaper said the375 words
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COMPANY BRIEFS
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60 2009-02-25 7 PACIFIC Century Regional Developments is unaware of "any improper activities as suggested by media reports". The company, controlled by Hong Kong PCCW's Richard Li, said this after a Hong Kong court deferred a hearing on a US$2.2 billion plan to take dominant telecoms operator60 words
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Article41 2009-02-25 7 FOOD and property group Yeo Hiap Seng has sunk deeper into the red for the fourth quarter ended Dec 31, 2008. Net loss more than doubled to $16.7 million, from $7.02 million a year earlier.41 words
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58 2009-02-25 7 STRAITS Asia Resources yesterday reported a net profit of U*****.4 miUion for the year ended Dec 31, 2008, on "record coal production" and "record coal sales". The profit is more than four times the US$2B.6 miUion earned a year earlier. The company is recommending a58 words
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34 2009-02-25 7 CONSUMER finance provider GE Money has appointed Rahul Gupta its Singapore chief executive. Effective immediately, he will oversee GE Capital's consumer financial services business in Singapore.34 words
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61 2009-02-25 7 CHINA Energy yesterday announced a loss of 109.3 million yuan for the fourth quarter of 2008, compared with a net profit of 89.8 million yuan a year earlier. A drop in the average selling price of dimethyl ether and the consumption of higher-priced coal61 words
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38 2009-02-25 7 THAKRAL Corporation has swung into the red for the fourth-quarter ended Dec 31, 2008. The net loss of $11.2 million compares with a profit of $5.3 million a year earlier.38 words
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Article, Illustration491 2009-02-25 8 YEN SREENIVASAN - YEN SREENIVASAN Final dividend of 2.3 cents a share declared, translating into a yield of 11% By RIDING on a strong fourth quarter, mainboard-listed Rotary Engineering posted net earnings of $50.9 million on revenue of $520.1 million for the year ended December 2008, andFILE PHOTO - 491 words
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Article314 2009-02-25 8 ZEINAB YUSUF - ZEINAB YUSUF By NEWLY listed crude oil producer Kencana Agri has reported a 74 per cent drop in net profit for the year ended Dec 31, 2008. Profit slumped to US$lO.3 million from U5539.2 million a year earlier despite a 51 per cent jump in314 words
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Article381 2009-02-25 8 VINCENT WEE - VINCENT WEE By YET another Chinese shipbuilder has posted bet-ter-than-expected results. Yangzijiang Shipbuilding yesterday reported a 25 per cent rise in fourth-quarter net profit to 395.1 million yuan (5588.2 million) and a 20 per cent increase in revenue to 1.87 billion yuan thanks to a381 words
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287 2009-02-25 8 LIEWAIQING - LIEWAIQING By AGAINST the backdrop of an economic storm, integrated contract manufacturer Hi-P International has posted record results for the year ended Dec 31, 2008. The group announced its highest net profit of $102 million, a 72 per cent increase from a year287 words
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Article589 2009-02-25 8 Notes: Net profit refers to profit attributable to equity holders. Exchange rate: US$l =551.439, HK$l =550.186 RMBI =550.211 nm: not meaningful Full year ended Dec 2008 Three months ended Dec 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS (S m) (S: ,m) CHNG589 words
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314 2009-02-25 8 YEN SREENIVASAN - YEN SREENIVASAN By INTERIOR design and fit-out specialist Design Studio Furniture Manufacturer lifted 2008 net profit 46 per cent to $12.8 million, thanks to stronger margins and the completion of several major projects. The improvement was despite a 2.7 per cent drop314 words
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373 2009-02-25 8 JESSICA YEO - JESSICA YEO By DEL Monte Pacific posted a 15.6 per cent rise in sales year-on-year to U*****.4 million for the fourth quarter ended Dec 31, 2008. But net profit dropped 17.8 per cent to US$l9.2 million. The fall in net profit was373 words
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Article421 2009-02-25 8 JOYCE HOOI - JOYCE HOOI By ABALONE producer Oceanus Group has reported a 191 per cent increase in sales for the year ended Dec 31, 2008 to 318.97 million yuan (5571.37 million), from 109.64 million yuan the year before. The China-based group's fourth quarter was marked by flat sales,421 words
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Advertisement150 2009-02-25 5 Rock-a-bye Baby... "...ujhen the bumps come, the C 5 won't rock..." The all-new Citroen C 5 brings you unparalleled comfort with the trademark Hydractive 111+ suspension, wrapped in awe-inspiring looks. With a range of safety features, a silky smooth 2.0 L engine and a lavish interior, feel the thrill of150 words
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SINGAPORE MARKETS
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Article, Illustration924 2009-02-25 6 LARRY WEE - LARRY WEE CURRENCIES Things a lot uglier on at least 3 fronts: against the US$, S$ and euro IS THERE a sea-change taking place in terms of how currency traders are responding to news from Wall Street? Over the past week, key US stock924 words
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Article86 2009-02-25 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 1 10 3 0 0 0 1 10 3 lanufacturing 21 74 43 13 22 79 56 Commerce 25 16 28 20 'pt/Stor/Comms 11 20 11 21 ■inance 23 23 Construction 'roperties 22 22 lotels/Rsts iervices86 words
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Article110 2009-02-25 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 31,013 31,013 74,179 74,179 lanufacturing 385,649 5,721 391,370 118,378 331 118,709 Commerce 53,983 17,759 71,742 48,775 2,486 51,262 ■pt/Stor/Comms 66,789 298 67,087 99,355 36 99,391 :inance 31,740 31,740 165,464 165,464 Construction 32,349 6,734 39,083 1,125 61 1,186 ■roperties 69,916110 words
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Article39 2009-02-25 6 la pita Land 2.110 -0.020 Noble Grp 1.030 -0.050 .apr Jev" lam" .osco .orp mp :ngg ien' fen" _gn :ngg >eml .orp >erffl laT .ing lar. line )pel .orp )pel .am I mar 'anl Tor.39 words
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Article162 2009-02-25 6 JAMIE LEE - JAMIE LEE Raffles Medical Group Feb 24 close: $0.71 DBS GROUP RESEARCH, Feb 24 FY2OOB net profit of $31.5 million (+35 per cent year-on-year) was above expectation on lower operating expenses. Topline growth in the fourth quarter was a slower 12 per cent versus previous quarters probably on162 words
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Article, Illustration534 2009-02-25 6 R SIVANITHY - R SIVANITHY STOCKS MONDAY'S short-covering bounce proved short-lived as stocks came under pressure again yesterday following Wall Street's overnight blowout. The Straits Times Index, which spent the day tracking Hong Kong's Hang Seng Index, finished 16.25 points lower at 1,614.44 in534 words
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Article86 2009-02-25 6 Feb24 CLOSE CHNG FR Feb 23 YR SSLOW R 2008/2009 S$ HIGH ISS 1.5295 -0.26 1.5346 1.3457 iuro 1.9489 0.59 2.2064 1.8640 'ounds 2.2288 -0.57 2.8431 2.0356 0.9893 0.20 1.3251 0.9068 ren* 1.6086 0.80 1.7278 1.2619 lupiah* 0.***** 0.16 0.***** 0.***** !aht* 4.2783 0.10 4.4299 4.019086 words
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Article61 2009-02-25 6 Feb 24 VALUE CLOSE IT OB/OS -619.00-173.OC IT CADI -*****.00-169.0i IT 10-day MA -*****.00 -62.0' TSE ST Mid Cap 324.54 -4.9. TSE ST Small Cap 262.12 -4.9! TSE ST All Share 385.79 -4.4i TSE ST China Top 155.61 -8.5' TSE ST China 155.70 -7.31 IOB Catalist 67.0361 words
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Article58 2009-02-25 6 !hina Honi ]xini 208,032,000 iolden iri 92,085,000 35,513,000 'anlord 28,183,000 UniFiber 27,007,000 ■osco Cor| 23,488,000 Noble Gr| 18,916,000 in< iTel 17,999,000 'ceanus 15,910,000 :elestial 15,352,000 VALUE($) DBS Gri 72,541,445 in< iTel 44,886,200 Kei Cor| 43,026,330 UOB 35,446,361 i Land 27,327,980 ;gx 26,753,840 iolden iri 26,234,940 ihina Hon<58 words
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Article99 2009-02-25 6 CLOSE UP ICBCCai :.93%Pref10 8010 110.0 1.4 LD 10US$ 9730 45.8 0. IMH 1700 30.5 1.. ICBC Bk4.5%NCPS 100 8320 20.0 0., IK Land 209 13.7 4. Cor| i.ES.0903 429 10.0 2, ICBC Bk RBePW*****3 162 10.0 6.' .in< lTel.ES.0903 250 8.0 3. 'enture Con 460 8.0 1.: ilA99 words
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Article109 2009-02-25 6 CLOSE DOWN China H 10US$ 926 -44.3 -3.0 iTXPO 100 871 -41.0 -4.5 DBS Bk6% NCPS 10 9800 -32.0 -0.3 ISH 867 -27.5 -2.0 ,sia Pac Brew 980 -20.0 -2.0 DBS.ES.0903 792 -18.0 -2.2 lardine C&C 912 -18.0 -1.9 DBS Gri 790 -15.0 -1.9 F&N 234 -15.0 -6.0 ;gx109 words
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Advertisement372 2009-02-25 7 M EXECUTIVE EDUCATION WLM DEVELOPMENT I NURTURING THE GROWTH OF YOUR NEXT GENERATION BEGINS TODAY. M Some things run in the family, like a nose for JSsk business. But what happens when you mix a|k. business and family? Family dynamics are an undeniable force in family-run businesses, and ■^Jp^ """liu...372 words
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PREMIUM LEADERS
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Article, Illustration1191 2009-02-25 9 Watkins Syndicate Singapore CEO Jonathan Ranger talks to TEH SHI NING about the demands of a career in insurance IT is a rare graduate these days who would be content with a first job that entails mundane filing and wording checks. But Watkins Syndicate Singapore CEO1,191 words
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Article, Illustration595 2009-02-25 9 TEH SHI NING - TEH SHI NING BEING in The Room, Lloyd's of London's famous underwriting market floor, was unforgettable for undergraduate Aw Bing Zong far more than just the thrill of saying "been there, done that". What really struck him, during his placements with Watkins Syndicate and Benfield595 words
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Article, Illustration1045 2009-02-25 9 TEH SHI NING - TEH SHI NING By The reinsurance broker must possess a unique combination of people skills and technical savvy, says Neil Mathison, CEO of Aon Benfield Asia. With 28 years in the reinsurance broking business under his belt, Mr Mathison speaks from experience when he saysJBI is to - 1,045 words
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Advertisement18 2009-02-25 9 This is the third in a four-part series on personalities in the insurance industry brought to you by:18 words
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SINGAPORE NEWS
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566 2009-02-25 10 RONNIE LIM - RONNIE LIM Despite challenging times, new traders are replacing those who exited last year By OIL trading here "remained fairly resilient" in the first two months of this year, says trade promotion agency International Enterprise (IE) Singapore. And new traders have set566 words
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271 2009-02-25 10 THE Singapore trading team of Reliance Industries has left the Indian oil giant's trading operations here set up just last September. Reliance Global Energy Service Singapore is one of two new trading outposts set up by Reliance the other being in London271 words
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481 2009-02-25 10 SIOW LI SEN - SIOW LI SEN By SINGAPORE supports the Asean currency swap agreement and is working behind the scenes to implement it, said Tharman Shanmugaratnam, Minister for Finance yesterday. He was rebutting suggestions that Singapore is a reluctant participant in the proposed currency crisis fund, which481 words
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222 2009-02-25 10 TWO-THIRDS of terror detainees held here since 2001 have been released after rehabilitation, Minister for Law and Second Minister for Home Affairs X Shanmugam said yesterday in his inaugural address at International Conference on Terrorist Rehabilitation. The conference was organised by The S222 words
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280 2009-02-25 10 MORE than half of companies in Singapore are unaware of the benefits of green IT practices, according to a survey by the Singapore Business Federation (SBF) and the Institute of Systems Science of the National University of Singapore. Green IT, or280 words
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468 2009-02-25 10 NISHA RAMCHANDANI - NISHA RAMCHANDANI By MORE people here are struggling to meet credit card payments and personal loan instalments on time, but credit card delinquency and missed instalments are still below the highs during the Sars downturn in the second quarter of 2003. In468 words
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Article, Illustration266 2009-02-25 10 LEE U- WEN - LEE U-WEN By in Bandar Seri Begawan MINISTER Mentor Lee Kuan Yew is in Bandar Seri Begawan for a three-day working visit to the Brunei capital. After a two-hour flight from Singapore, he was welcomed at the airport here yesterday by Singapore's High-mz i DENNIS THONG/LIANHE ZAOBAO - 266 words
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367 2009-02-25 10 CHEN HUIFEN - CHEN HUIFEN Medical tourism portal helps doctors in cross-referrals By FIRST it was politicians. And now it is doctors that are plugging into the worldwide web to stay relevant. Nine private doctors and one healthcare institution here have partnered medical367 words
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ECONOMY WATCH
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583 2009-02-25 11 Reuters Plan includes healthcare cost cuts, military procurement reforms and tax policy revisions [WASHINGTON] US President Barack Obama pledged on Monday to cut the ballooning US budget deficit by half in the next four years and said the country would face anotherReuters - 583 words
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Article, Illustration457 2009-02-25 11 Reuters [HONG KONG] Hong Kong's economy sank further into recession in the fourth quarter of last year as gross domestic product (GDP) shrank from a year earlier for the first time since the Sars outbreak shattered confidence in the spring of 2003.– Reuters; S3 AFP - 457 words
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381 2009-02-25 11 Bloomberg [WASHINGTON] US Treasury Secretary Timothy Geithner said the Obama administration will work to set achievable budget targets to avoid a worrisome increase in taxes in future years. "We've got to be careful" not to "create unrealistic expectations about how we can pull back",Bloomberg - 381 words
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354 2009-02-25 11 Reuters [WASHINGTON] There is no risk of a payment default in eastern and central European countries hardest hit by the global financial crisis, a senior International Monetary Fund (IMF) official said on Monday. Asked if there was a possibility of a default, IMF European– Reuters - 354 words
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Article, Illustration228 2009-02-25 11 Reuters [BERLIN] The German economy is likely to contract by more than 5 per cent in 2009 if a "real recovery" does not begin in the summer, the chief economist of Deutsche Bank was quoted as saying on Monday. "The German economy will shrink by– Reuters - 228 words
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Advertisement545 2009-02-25 11 B PHOENIX E^*x*7j 3*^b lPj idd Make an affordable call r^/^yj N^ Australia V^Tft Germany 11 Hong Kong ff IX^LV 1 VLX~"^ Malaysia xUVi'^. IV. fM^ Naur 7naland X. I rl^^^r---~} Taiwan I 1 UK \f u*SS£j2& )n i\ Call 6838 1516 or register online I 9 "i www.phoenixcomms.com.sg HWC545 words
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MALAYSIA
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Article, Illustration588 2009-02-25 12 Reuters, Bloomberg Govt raises ceiling for the tender process for state contracts [KUALA LUMPUR] Malaysia's government is looking at possible funding sources for a planned second round of spending to boost growth in the export-led economy but has not yet agreed on a– Reuters, Bloomberg - 588 words
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328 2009-02-25 12 S JAYASANKARAN - S JAYASANKARAN Part of fee levied on air travellers goes to operator, a YTL unit By in Kuala Lumpur THE fast rail link between Kuala Lumpur International Airport (KLIA) and the city centre has been propped up financially since day one,328 words
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Article259 2009-02-25 12 -AP [KUALA LUMPUR] Malaysia's central bank cut its key interest rate yesterday for the third time since last November as it warned that the economy may contract this year. Bank Negara Malaysia slashed the overnight policy rate used by commercial banks to set lending-AP - 259 words
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Advertisement2427 2009-02-25 12 w [SATS X^l \*J A. A-^^J A-/ l3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg -1 IN THE MATTER OF I THE COMPANIES ACT, CAP. 50 /J inthematterof Mermaid Maritime Public Company Limited 2 ■ssrasss^Sr™1 f/rJLT\\ (Res- No- oio755oooo°17) liquidation) 41 I 1 1$ 26/28-29, 9 th Floor Orakarn Blde;.,Soi Chidlom,2,427 words
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GREATER CHINA
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441 2009-02-25 13 Reuters CIC stayed largely in cash last year and avoided Western bank shares [BEIJING] China Investment Corp (CIC), the country's US$2OO billion sovereign wealth fund (SWF), made a profit of about US$lO billion last year as it benefited from staying largely in cashReuters - 441 words
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Article, Illustration339 2009-02-25 13 -AFP [BEIJING] Chinese Commerce Minister Chen Deming was flew to Europe yesterday, heading of a 300-strong team charged with spending billions of dollars on European products, state media said. The procurement team, which will visit Spain, Germany, Switzerland and Britain, could spend 15-AFP; REUTERS - 339 words
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ASIA-PACIFIC/WORLD
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424 2009-02-25 14 Reuters Move comes amid calls for greater scrutiny of the industry [LONDON] A global hedge fund body has thrown its weight behind regular disclosure of large holdings and risks to regulators, as calls grow for greater scrutiny of the industry. The Alternative– Reuters - 424 words
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Article, Illustration488 2009-02-25 14 Reuters [BANGKOK] Thousands of protesters marched on Thailand's seat of government yesterday to demand that Thai Prime Minister Abhisit Vejjajiva step down, adding to his troubles as the country's economy slides into recession. Leaders of the United Front for Democracy against Dictatorship (UDD)Reuters; BLOOMBERG - 488 words
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471 2009-02-25 14 NYT, AFP [WASHINGTON] ÜBS, mounting a legal fight against US federal efforts to force it to disclose the names of American clients suspected of offshore tax evasion, may end up in court in July for a mini-trial on the matter. The– NYT, AFP - 471 words
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282 2009-02-25 14 -AP [GENEVA] The amount of money deposited in Swiss banks fell by more than a quarter last year as the global financial crisis hit asset values and customers withdrew large sums amid concerns about probes into the offshore banking industry. Figures released by the-AP - 282 words
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Article, Illustration344 2009-02-25 14 Bloomberg [NEW YORK] US President Barack Obama is likely to choose former Washington governor Gary Locke as commerce secretary, an administration official said. Mr Locke, a champion of free-trade deals opposed by labour leaders and some Democrats in Congress, visited China– Bloomberg - 344 words
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423 2009-02-25 14 Bloomberg, Reuters [PARIS] The global recession has led to increasing concern among traders that there will be a potential oversupply of European Union credits through 2020, according to Deutsche Bank. The supply of EU carbon dioxide allowances and United Nations emission credits "might actually comeBloomberg, Reuters - 423 words
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Page 14 Advertisements
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Advertisement25 2009-02-25 14 GOOD GAINS I Let your investors know by advertising your financial results I in our newspapers. Call 1800 289 8822 or email KB notices@sph.com.sg. Bl25 words
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WORLD
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Article, Illustration618 2009-02-25 15 Reuters, AP Saint Laurent's collection sets new records at auction, raising 206 m euros [PARIS] The sale of the art collection of the late fashion designer Yves Saint Laurent defied the financial crisis on Monday, breaking world records by raising over 206 million– Reuters, AP; REUTERS - 618 words
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515 2009-02-25 15 Obama riding on Americans 1 support, optimism: poll -NYT Most fault Republicans for their response to his bipartisanship efforts [NEW YORK] US President Barack Obama is benefiting from remarkably high levels of optimism and confidence among Americans about his leadership, according to the latest New York Times/CBS News poll. Such-NYT - 515 words
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290 2009-02-25 15 Reuters, Bloomberg [SAN FRANCISCO] The head of Yahoo Inc's news and information division has jumped ship to Hearst Corp, as speculation mounts that the Internet company is on the brink of a major management reorganisation. Hearst said on Monday that Neeraj KhemlaniReuters, Bloomberg - 290 words
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Article, Illustration638 2009-02-25 15 Reuters [NEW YORK] Peter Chernin, News Corp president and chief operating officer, will leave after 12 years on the job, depriving the media conglomerate of its second-highest ranking executive as it deals with a severe decline in advertising revenue. Mr Chernin, 57, is– Reuters; BLOOMBERG - 638 words
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539 2009-02-25 15 Bloomberg Abu Dhabi comes to the rescue of Gulf's troubled boomtown [DUBAI] A US$lO billion bailout from neighbour Abu Dhabi threatens to cost Dubai its autonomy and the free-wheeling economic system that helped establish it as the Middle East's main business hub.– Bloomberg - 539 words
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TransportHUB
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Article, Illustration688 2009-02-25 16 Reuters Frontline says global storage of crude oil in supertankers has risen to a high of at least 80 million barrels [NEW YORK/DUBAI] GLOBAL storage of crude oil in supertankers has risen to a high of at least 80 million barrels despite Opec's– Reuters; BLOOMBERG FILE PHOTO - 688 words
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Article, Illustration485 2009-02-25 16 Bloomberg Major Japanese car makers cut output as exports slump [TOKYO] Nippon Yusen XX, the world's largest operator of car transport ships, may double the number of carriers it retires as Toyota Motor Corp, Honda Motor Co and Nissan Motor Co slash production.– Bloomberg; BLOOMBERG - 485 words
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213 2009-02-25 16 Xinhua [SHANGHAI] Fog caused by rainy weather since the middle of this month has disrupted international shipping services around Shanghai Port, port authorities said yesterday. Some 100 international ships delayed or cancelled exit or entry plans at the port areas of Wusongkou,– Xinhua - 213 words
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833 2009-02-25 16 AP [NORFOLK, Virginia] An old idea is experiencing a rebirth thanks to truck traffic that is increasingly choking America's highways: shift more of the US freight burden to boats that can traverse rivers, lakes, canals and coastal waters. Increased concerns about fuel pricesAP - 833 words
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TRANSPORT STOCKS
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Article107 2009-02-25 16 '000 :H Offshore Ihuan Hup Hldgs losco Corp ZWTLtd Ezra Hldgs rirst Ship Lease rreight Links jrand Banks laya Hold Ltd <1Ventures <eppel Corp V1TQ Corp MOL Pacific Shipping 3an-United Corp Rickmers Mari iamudera Ship iembcorp Indust iembcorp Marine ipore Ship Star Cruises 0.25 0.17 0.77 0.29 0.55 0.36107 words
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Article37 2009-02-25 16 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.54 8.55 8.60 2.78 2.55 0.02 unch -0.01 0.10 0.10 0.01 0.01 -0.01 unch 200 325 417 522 67 250 037 words
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Article12 2009-02-25 16 '00 ■recious Ship Jegional Cont 11.60 6.05 -0.50 -0.25 3322 63012 words
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Article22 2009-02-25 16 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.70 11.00 unch unch -0.30 unch unch unch 361 2166 0 022 words
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Article17 2009-02-25 16 Evergreen Marine ...13.10 :irst Steamship 32.90 /Van Hai Lines 13.00 unch -0.50 -0.20 3 3 117 words
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Article39 2009-02-25 16 '000 (awasaki Hvy Ind...151.00 1.00 ***** (awasaki Kisen 307.00 -8.00 7099 Mitsubishi Hvy 277.00 1.00 ***** i/litsui Eng&Sbldg...133.00 -9.00 9135 l/litsui Osk Lines ....490.00 -14.00 ***** Nippon Express 286.00 -2.00 2747 JipponYusen 408.00 1.00 8855 'iource: Thomson Reuters39 words
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TRANSPORT HUB: SHIPPING/LOGISTICS
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519 2009-02-25 17 DAVID HUGHES - DAVID HUGHES STRAIT TALK By It mitigates human impact of a company collapse, ensuring fair treatment of staff IT EMERGED last week that the International Transport Workers' Federation (ITF) has been assisting troubled owner Britannia Bulk by, among other things, becoming involved in talks519 words
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Article, Illustration338 2009-02-25 17 Bloomberg China exports plunge will cause price war 'to explode': Citi [SHANGHAI] Cosco Pacific Ltd, Asia's third-largest container terminal operator, fell to a two-month low in Hong Kong trading yesterday after Citigroup Inc said that China's plunging exports will cause a price war "toBloomberg; BLOOMBERG - 338 words
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465 2009-02-25 17 Bloomberg [SINGAPORE] 3i Group pic said it invested US$l6l million in Krishnapatnam Port Company Ltd, the London-based private-equity firm's third infrastructure investment in India in the last one-and-a-half years. The Indian company, set up by Hyderabad-based Navayuga Group, has a 30-year concession to– Bloomberg - 465 words
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1145 2009-02-25 17 Xinhua [BEIJING] "FedEx China is losing money to grab market shares by lowering its prices of domestic express service in China by more than 70 per cent in a year to the level set by domestic private companies," Chen Ping, former– Xinhua - 1,145 words
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Page 17 Advertisements
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Advertisement62 2009-02-25 17 I §3% ASIAN SHIPPING and WORK BOAT EXHIBITION miih«!uh.«.i»«« 3 iiiiilF HALL 401 SUNTEC SINGAPORE ship and boat builders engine/propulsion system manufaqurers V 7 oV OL OAAO COUNTLESS MARINE EQUIPMENT AND SERVICE SUPPLIERS February 24 26, 2009 j B ut, with so much to see, one visit surely won't be62 words
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TRANSPORT HUB: AVIATION
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Article, Illustration571 2009-02-25 18 -AP Analysts say there may be problems next year if some cannot raise cash [ATLANTA] Plunging airline stocks suggest investors worry that a few carriers may wind up in bankruptcy, victims of the US financial crisis. Analysts say there is no immediate danger of that-AP; AFP - 571 words
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Article2566 2009-02-25 18 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:2,566 words
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197 2009-02-25 18 YEN SREENIVASAN - YEN SREENIVASAN By [SINGAPORE] SOUTH Korea's Asiana Airlines is aviation magazine Air Transport World's Airline of the Year. The award, which is into its 34th year and is given to a major or large international airline which has exhibited outstanding performance, puts Asiana in197 words
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Article, Illustration684 2009-02-25 18 LEE U- WEN - LEE U-WEN COMMENTARY Use your handphone to call, text and e-mail in the air soon FIRST, it was the ability to surf the Internet wirelessly on planes. Pretty soon, it seems, passengers will be allowed to make calls and send SMS texts on684 words
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Article135 2009-02-25 18 NISHA RAMCHANDANI - NISHA RAMCHANDANI By TO help bump up visitor numbers and revive the tourism industry, Singapore Airlines and industry partners are offering special travel packages and freebies. SIA, the Singapore Tourism Board, the Civil Aviation Authority of Singapore and industry partners are spending more than $9135 words
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Page 18 Miscellaneous
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Miscellaneous378 2009-02-25 18 CRYPTIC CROSSWORD ACROSS I Evaluate animals before 4 Society makes fun of coun- H MM MM H^^kJ mm MM H tryfoiks' garb? (6) I I I I 8 Gentlemanly, offering la I I 110 I I source of water and food, __l __l __j __l __l we hear (4-4) i378 words
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TRANSPORT HUB: LAND
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Article, Illustration478 2009-02-25 19 SAMUEL EE - SAMUEL EE Show will cover 10% more floor space; 30% more visitors expected By THIS weekend's Bike Asia 2009 may have fewer exhibitors than last year's event because of the recession, but it will cover 10 per cent more floor space and the organiser478 words
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Article, Illustration513 2009-02-25 19 SAMUEL EE - SAMUEL EE Korean brand only the third to offer petrol-electric car By KOMOCO Motors may unveil a hybrid version of one of its Hyundai models in the second half of 2009, making the Korean brand only the third to offer a pet-rol-electric513 words
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536 2009-02-25 19 PAULINE NG - PAULINE NG By in Kuala Lumpur MOTORISTS switching to cheaper vehicles amid the financial crisis could spare Malaysian national car makers Perodua and Proton the brunt of a slowdown in sales this year. In the past two months, car sales have softened after536 words
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678 2009-02-25 19 -NYT [WASHINGTON] Rental car companies have been hit from all sides by the weak economy, and road warriors are feeling the impact when they pick up their cars. Instead of getting vehicles with low mileage and that intoxicating new-car smell, even frequent renters-NYT - 678 words
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Page 19 Advertisements
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Advertisement382 2009-02-25 19 Lianhe Zaobao I With Beijing's J 27 THE COMPANIES ACT, CAP. 50 hi ess i no we mat™ of w w '23 KINDER DENTAL CLINIC PIE. LTD. (In Members' Voluntary Liquidation) W &A MM <■« jfM I MM ifM (Co Reg No. *****2352N) KJ CI U Cl At an Extraordinary382 words
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Advertisement474 2009-02-25 19 g^ NOTICES NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR KGC NETWORKS PTE LTD Company No: *****9604G [Incorporated In The Republic Of Singapore) Take notice that Lee Swee Sick of 27 Foch Road #02-06 Hoa Nam Building Singapore *****4 has been appointed provisional liquidator of the abovenamed Company on 12 February 2009474 words
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EDITORIAL & OPINION
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490 2009-02-25 20 THE road to normalisation of relations among nations in North-east Asia is literally a rocky one, bestrewn as it is with territorial disputes over various stony outcrops or islets. For instance, the dispute over Japan's Northern Islands (southern Kuriles from Russia's point of view) continues490 words
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Article, Illustration1103 2009-02-25 20 SANCHITA BASU DAS - SANCHITA BASU DAS Clinton's recent trip to Asia signals the region ranks high in new US president's priorities By IN November 2008, Barack Obama's victory was greeted with high hopes and expectations in most of Asia as it was believed that a black presidentBLOOMBERG - 1,103 words
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Article, Illustration777 2009-02-25 20 FRANK CHING - FRANK CHING THE BOTTOM LINE HILLARY Clinton's visit to China the most important leg of her trip to Asia, which included Japan, Indonesia and South Korea -went off well, in part because the US Secretary of State had indicated publicly ahead of777 words
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Article, Illustration885 2009-02-25 21 PAUL SAMUELSON - PAUL SAMUELSON The real economy is in urgent need of an expansionary impulse, but some economists simply aren't getting it AFTER the great stockmarket crash in October 1929, new Republican President Herbert Hoover and his tycoon Treasury secretary Andrew Mellon foolishly opposed quick stimulus885 words
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Article, Illustration848 2009-02-25 21 EDWARD JAY EPSTEIN - EDWARD JAY EPSTEIN By Responding to the global recession, the De Beers diamond cartel has cut back production at its South African mines and reduced the price of its rough diamonds by between 15 and 20 per cent. Even so, industry sources inREUTERS - 848 words
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SINGAPORE STOCKS
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Article8604 2009-02-25 22 Transaction date: Feb 24 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E Smil 9 3 3148 8Telecom 12 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABRHIdgs 19 6 1938 AEICorp 9.5 1 1100 AEM 25 7 2101 APOil8,604 words
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Article1826 2009-02-25 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 offer1,826 words
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Article91 2009-02-25 23 Hi. Low Code Com Sale COOP) Hi. Low Bu< Seller C'vr P/E >mii 1830 1830 DBXT FTChina25 1OUS$ 931 871 DBXT MSTaiwan 1OUS$ DBXT Nifty 1OUS$ DBXT SSP Short 1OUS$ ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISSSP5OO *****91 words
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Article60 2009-02-25 23 Hii Low Code Comi Sale COOP] Hii Low Bl Seller C'vr P/E Sinil 84.5 28 6000 AVJennings 11 4 6134 Over&Gen 24.5 6 6017 StarCruises 248 103 6019 TanChonglnt A33 A8 US7.5 HK112 +3 -0.5 3 270 33 8 28 7.5 26.5 7.5 105 30 13 8 12060 words
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Article9189 2009-02-25 23 UNIT TRUSTS FUNDS I UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.395/ AIGIF S'pore Bond Fund/^- 1.199/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.62/ APS Alpha Fund (USD)!** 0.41/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5441/9,189 words
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Page 22 Advertisements
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Advertisement9 2009-02-25 22 For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com jQP/ S^^9 words
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FINANCE & COMMODITIES
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361 2009-02-25 24 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Feb23 World Index Preliminary 578.2 -1.3 -14.7 -1.4 -11.7 -0.9 -16.1 EAFE Preliminai 558.7 -0.9 -13.9 -0.8 -13.3 -0.2 -18.3 Euro[ Prelim inan 780.2 -1.2 -14.4 -0.6 -14.1 0.0 -19.1 Pacific 468.9361 words
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Article124 2009-02-25 24 As at 9am Feb24 >f foreign currency: lurrencies Bid Offer >ust dollar 0.9770 1.0340 dollar 1.2180 1.2330 luro 1.9340 1.9560 IZ dollar 0.7700 0.7880 iterlini ind 2.2060 2.2310 )S dollar 1.5250 1.5420 .ocal dollars to 100 units rf foreign currency: Currencies Bid Offer :hi renminbi 22.00124 words
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Article175 2009-02-25 24 Feb24 $S Offer Overnight 1-month 2-months 3-months Overnight mode: 1/4 ys$ 1/16 7/16 9/16 11/16 Offer PAR 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0 40 0.60 1.10 1.50 2.30 2.50 Offer 0.30 0.50 0.90 1.20175 words
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Article25 2009-02-25 24 Feb24 ten Hii ih Sett STI IIMSCI Mar 192.4 195.6 194.9 "aiwan Mar 166.1 168.1 167.4 Source: MF Global (S) He. Ltd25 words
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Article21 2009-02-25 24 Feb24 S$ Bid Offer 1-month 1.5269 1.5281 2-months 1.5265 1.5278 3-months 1.5259 1.5273 6-months 1.5247 1.5263 Source: OCBC21 words
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Article62 2009-02-25 24 Feb24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low MarO9 1875 1910 1914 1863 1103 4546 AprO9 1874 1885 1889 1843 1196 ***** May 09 1859 1871 1878 1828 8782 ***** JunO9 1851 1860 1869 1820 1917 871462 words
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Article317 2009-02-25 24 Feb24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.7775 98.7900 98.7250 98.5600 8504 4815 5422 1585 EUROYEN TIBOR FUTURES MarO9 99.315 99.320 JunO9 99.435 99.435 SepO9 99.500 99.505 DecO9 99.520 99.520 Mar10 Jun10 Sep10 Dec10 99.315 99.425 99.490 99.510 99.320 99.425 99.500317 words
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Article171 2009-02-25 24 Feb24 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) War 09 139.8 \prO9 141.0 Way 09 142.0 lunO9 143.0 ul 09 142.5 \ugO9 139.0 139.0 141.0 142.0 143.0 142.0 139.0 139.5 140.5 141.0 141.0 141.0 139.5 276 8 8171 words
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Article89 2009-02-25 24 Feb24 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****X 28.05.2009 1-Year BY*****V 02.11.09 0.32 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh 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-Year89 words
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Article100 2009-02-25 24 Feb23 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 872.75 862.50 894.50 860.75 May 09 876.00 863.25 895.75 861.25 Jul 09 882.25 869.25 899.75 867.75 AugO9 875.00 863.50 877.50 865.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low MarO9 30.31 30.22 31.19 30.06 May 09100 words
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Article74 2009-02-25 24 CRUDE OIL PRODUCTS Feb23 origin^ t/barrel Close Cham irent blend (1-Mth F) 42.13 1.35 WTI (Near Mth) 37.12 -1.91 iubai (1-Mth F) 41.92 1.30 "apis blend 46.65 1.25 i/linas 43.10 1.15 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 42.67 50.60 0.12 0.50 US$/barrel )pec Oil Basket Price 39.1774 words
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Article439 2009-02-25 24 Feb24 lustralia 0.810 4.433 0.508 5.027 32.298 77.413 0.618 9.810 2.375 1.262 51.706 31.231 0.990 6.515 0.753 22.548 23.149 0.446 0.648 :anada 1.235 5.474 0.627 6.206 39.878 95.581 0.763 12.112 2.932 1.559 63.841 38.561 1.223 8.044 0.930 27.840 28.582 0.551 0.801 :hina 0.226 0.183 0.115 1.134 7.285439 words
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Article63 2009-02-25 24 Feb24 mth 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 2.***** 0.***** ;WAP Offer rates (S$) mth 0.***** mths 0.***** mths 1.***** 9mths ]ZZZZ]]ZZZZ'.".W.70-\05 12mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs 2.*****63 words
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Article156 2009-02-25 24 Feb24 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9897 0.9909 0.6482 0.6485 Canadian dollar 1.2220 1.2235 0.8003 0.8007 Euro 1.9477 1.9497 1.2756 1.2760 NZ dollar 0.7838 0.7852 0.5133 0.5139 Sterlini md 2.2192 2.2217 1.4534 1.4540 US156 words
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Article130 2009-02-25 24 Feb24 /oz) Hong Kong .ondon 981.10 984.10 982.10 985.10 Feb 20 Feb 23 994.40 987.90 996.00 989.90 Source: Thomson Reuters CAST BAR (S$) Feb 24 Buying Sellini Kilobar "51,577.21" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 115.56 328.49 586.36130 words
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Article70 2009-02-25 24 Feb 23 minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 1251.75 3 months 1288.00 1269.25 1305.00 Copper, Grade A (US$/tonne) Cash 3 months 3196.25 3231.00 3115.25 3150.00 Lead (US$/tonne) Cash 1011.50 3 months 1023.00 1019.00 1030.00 Nickel (US$/tonne) Cash 3 months 9425.00 9505.00 9420.00 9500.00 Tin (US$/tonne) Cash70 words
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Article69 2009-02-25 24 Feb23 (£/tonne) Close Prev Hii ih/Low War 09 1716 1786 1774/1714 Way 09 1692 1762 1746/1690 lul 09 1687 1757 1746/1685 iepO9 1679 1745 1725/1678 IOFFEE (US$/tonne) Close Pev High/Low /larO9 1573 1558 1588/1570 /lay 09 1579 1565 1595/1573 iUGAR (US tonne) l/hite Close Prev High/Low /lay 09 392.569 words
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2324 2009-02-25 24 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or- ('000) Ratio Price ing Left 2058 Advance Modules GrpW*****3 6 susp 1 17 156 1.50 42 2036AdvanceSCTLtdW*****9 0.5 1 87 1491 11.00 18 9092 Asia Environment W*****4 0.5 12,324 words
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Page 25 Advertisements
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Advertisement1977 2009-02-25 25 m The Business Times S in ing Times [^^^^^^^^^^^^^^^IH^^^B Direct Calling to TWTPE every Saturday UK CONTINENT SERVICE U.S.A SERVICE Mfj||| |>ffßCt f_TOIII 28 FCb 2009. Destination Destination STXPOTBN RTM/ANR/m lft||Sit filM 6X SJII 6 MliS ollly. Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A SERVICE1,977 words
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Page 26 Advertisements
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Advertisement3412 2009-02-25 26 r^VHEBSEIi^^^^^H^I H E EASTERN CAR LINER, LTD I |ljf £J®32& I |f-~__l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS WEEKLY EXPRESS SAILING SCHEDULE I I _WT^T^_W_rT^_rT*WW^------------------------------------^~^~ —^^^^m^^^^m------ I I I I _^B^Rj^_T^_^^^^^l^_^__l^_^_^^^^l^_l^^^^^^__^^n^T_^^^^^H^7^_^_r^^^_Mr^^l^r^^____ M i aM M i|ttfioiriyi---li-ii-Ml*l---i-Hli--iH---M-li-ill-^^ llQr^g^QQa I VOV Roinp(KT) Lilling(KT) SIN PKL KUC LCB )KT SUR y3,412 words
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Page 27 Advertisements
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Advertisement4632 2009-02-25 27 m THE BUSINESS TIMES m ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name4,632 words
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executive Money
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Article, Illustration1200 2009-02-25 28 LIM SAY BOON - LIM SAY BOON Recovery will come, investors with risk appetites could consider cost averaging in months ahead ARKETS are rioting again. Stocks are likely to be sold down below November 2008 lows; money is fleeing back into US Treasuries; and the US dollar is surging again onBLOOMBERG; US Federal Reserve - 1,200 words
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790 2009-02-25 28 GENEVIEVE CUA - GENEVIEVE CUA By IT'S that time of year when investment managers are singled out for beating their peers. In this annual fund awards period, however, kudos are tempered with caution as recent returns have been appalling; managers say while valuations are attractive, returns on790 words
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Page 28 Advertisements
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Advertisement49 2009-02-25 28 IG Markets (ACRA No. *****621 X) holds a capital markets services licence for dealing in securities, trading in futures contracts and leveraged foreign exchange. IG Markets is also licensed to trade commodity CFDs by The international Enterprise Singapore. IG Markets does not operate a securities, futures or commodities market.49 words
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EXECUTIVE MONEY
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955 2009-02-25 29 MARK HULBERT - MARK HULBERT New US study says basic stock market index funds, with their low fees, outperform hedge funds and actively managed mutual funds By HERE'S yet more evidence that it I makes sense to invest in simple, plain-vanilla index funds, whose low fees955 words
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Article, Illustration619 2009-02-25 29 GENEVIEVE CUA - GENEVIEVE CUA Knowledge could be used to guide them through a highly volatile environment By PRIVATE clients have become "quite cynical" about the advice they get from banks. However, Credit Suisse's head of private banking (Asia-Pacific) Marcel Kreis is urging relationship managers toJ FILE PHOTO - 619 words
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758 2009-02-25 29 -LAT-WP [WASHINGTON] Target-date retirement funds are coming under increased scrutiny as investors try to contain the damage to their 401 (k)s from the worst economic downturn in generations. The funds, also known as life cycle funds, are designed to minimise risk by-LAT-WP - 758 words
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Page 29 Advertisements
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Advertisement756 2009-02-25 29 V*Z^ Tollfree:1800-289-8822 V IV llf Iff U( V Email: notices@sph.com.sg _L^l V^>/ A. I V > I www.cats.com.sg f IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND m IN THE MATTER OF X INDOVERFORFAITING&TRADE SERVICES PTE LTD CHINA INFRASTRUCTURE HOLDINGS LIMITED (INTcIT™™™r GUP) (Bermuda Company Registration No. *****)756 words
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CFO CONVERSATIONS
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Article, Illustration2499 2009-02-25 30 CFOs must be able to scan the horizon and anticipate developments in both good and bad times. CONRAD TAN finds out IN THE grip of recession, chief financial officers everywhere are finding the job is demanding more of their time, energy and ingenuity than ever. Financial■ STOCK.XCHNG - 2,499 words
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Page 30 Advertisements
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Advertisement12 2009-02-25 30 This is the second of a four-part series brought to you by12 words
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