The Business Times, 27 February 2009

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Microfilm: NL29655
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Friday, February 27,2009
    23 words
  • Article, Illustration
    Lock icon That shrinking feeling gets more acute
    743 1  -  CHEW XIANG Q4 contraction of 4.2% is worse than expected; services sector badly hit By' [SINGAPORE] Singapore's economy shrank 4.2 per cent in the fourth quarter, worse than the 3.7 per cent decline estimated last month, as financial services performed even more poorly than
    Bloomberg  -  743 words
  • Article, Illustration
    Lock icon Obama stares at eye-popping US$1.75 trillion Budget deficit
    764 1 Reuters, NYT [WASHINGTON] US President Barack Obama yesterday projected a stunning US$l.75 trillion deficit this year, followed by US$l.l7 trillion in 2010 and warned that tough choices were needed to get US finances back in order. The Budget is equal to 12.3
    Reuters, NYT; AFP  -  764 words
  • Article
    Lock icon Retailers seek rental rebates for 'survival'
    598 1  -  UMA SHANKARI Squeeze could lead to big job cuts, says SRA; Capita Land to 'customise' solutions By [SINGAPORE] Up to 20,000 retail employees 20 per cent of the sector's workforce could be retrenched unless store rents are slashed, the Singapore Retailers Association (SRA) said
    598 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.91 HONG KONG 5.00 INDONESIA 16.566 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      49 1 lursi lay CI lange KL COMP 893.42 -3.09 NIKKEI 225 7,457.93 -3.29 HANG SENG 12,894.94 -110.14 SET INDEX 431.94 -2.30 JAKARTA COMP 1,290.32 -9.79 MANILA COMP 1,880.38 -6.72 SEOUL COMP 1,054.79 -12.29 SHENZHENB 310.56 -10.51 MUMBAI IND 8,954.86 +52.30 11AM EST Chant DOW 7,353.41 +82.52 NASDAQ 1,434.15 +8.72
      49 words
    • Article
      Lock icon FOREX
      49 1 USS S$ US$ (S$ per US$) 1.535 (US$/S$ per 1.421 2.180 EURO (USS/SS/E) 1.273 1.953 Foreign currency per US$ S$ YEN 97.90 63.80 RM 3.670 2.391 HK$ 7.754 5.052 BAHT 35.96 23.43 RUPIAH 11,988 7,812 RENMINBI 6.841 4.458 INDIAN RUPEE 50.26 32.75 A$ 1.543 1.006 NZ$ 1.959 1.276
      49 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      40 1 |E^ CORPORATE RESULTS ROYAL BANK OF SCOTLAND BOOKS H^Hl "Sffl© f^ f' CDL: Q4 profit dives RBS posts biggest loss in UK The evolutionary PHR9I \P* Z to 100m business history road I IT 'A PAGE6 PAGE2 PAGE32 j JkUinvinf
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      11 1 EXPAT ENTREPRENEURS IN SPORE Stayers not quitters EXECUTIVE LIFESTYLE PAGE 34
      11 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon RBS posts biggest loss in UK business history
      803 2  -  NEIL BEHRMANN It parks £325b in asset protection scheme; will sell some operations By in London THE Royal Bank of Scotland has declared by far the biggest loss in UK corporate history and the British government has extended its bailout by £25
      ________■ ___!__¥! PHOTOS: BLOOMBERG, AFP  -  803 words
    • Article
      Lock icon Yen slides, BoJ being nudged to buy ETFs
      568 2  -  ANTHONY ROWLEY By in Tokyo THE yen continued to slide yesterday to a three-month low against the US dollar reflecting the "sell-Japan" mood that has begun to take hold among Japanese and foreign investors. Meanwhile, Japanese media speculated that the Bank of
      568 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon That shrinking feeling gets more acute
        51 2 SINGAPORE'S economy shrank 4.2 per cent in the fourth quarter, worse than the 3.7 per cent decline estimated last month, as financial services performed even more poorly than expected, the Ministry of Trade and Industry in its annual economic survey released yesterday said. FRONT
        51 words
      • Article
        Lock icon Retailers seek rental rebates for 'survival'
        59 2 UP TO 20,000 retail employees 20 per cent of the sector's work force could be retrenched unless store rents are slashed, the Singapore Retailers Association said yesterday after an emergency meeting. Member's income has dived 20-30 per cent in the past few months, said
        59 words
      • Article
        Lock icon RBS posts biggest loss in UK business history
        68 2 THE Royal Bank of Scotland has declared by far the biggest loss in UK corporate history and the British government has extended its bailout by £25 billion to around £45 billion. RBS reported a £40 billion loss before tax and net losses
        68 words
      • Article
        Lock icon Asean economic unity push crucial: Stanchart
        83 2 CAN a region as economically diverse as Asean become a single seamless market with free flows of labour and capital? The scepticism has persisted from the day the idea of an Asean economic community was mooted more than 10 years ago. But while Asean's
        83 words
      • Article
        Lock icon CDL Q4 profit down more than half
        68 2 CITY Developments Ltd yesterday said it expects to continue being profitable, after posting a dive in fourth quarter 2008 net earnings to about $100 million, less than half the $235 million net profit it booked in Q4 2007. Full-year net earnings slipped 19.9
        68 words
      • Article
        Lock icon Sembcorp Q4 earnings fall 33.6%
        73 2 SEMBCORP Industries yesterday reported a 33.6 per cent fall in net profit to $100.85 million for the fourth quarter ended December 2008 despite a 6.6 per cent rise in turnover to $2.69 billion. But for the full year, net profit dipped just 3.6 per cent
        73 words
      • Article
        Lock icon Exports, FDI hit hard by global downturn
        68 2 THE economic downturn has hit direct investments flowing into Singapore and exports going out harder than previous recessions, says the Ministry of Trade and Industry. "The synchronised economic downturn has hit both final and intermediate demand for Singapore's exports and across all the
        68 words
      • Article
        Lock icon Beijing says foreign banks still welcome
        42 2 CHINA will keep its doors open to foreign banks that dumped or cut their stakes in Chinese lenders, understanding that the financial crisis forced their hand, the country's top banking regulator said yesterday. CHINA/INDIA, PAGE 15
        42 words
    • Article
      Lock icon NEL auditors, 3 directors ousted at fiery EGM
      593 2  -  LYNETTE KHOO By [SINGAPORE] KPMG was removed as external auditors to NEL Group yesterday at an extraordinary general meeting marked by heated exchanges between the parties. Three directors were also removed from the NEL board but chief executive Peter Choong Choo Leong
      593 words
    • Article, Illustration
      Lock icon Asean economic unity push crucial: Stanchart
      616 4  -  ANNA TEO Grouping needs to pool efforts to seek new markets, tackle downturn as one Reports by [SINGAPORE] Can a region as economically diverse as Asean become a single seamless market with free flows of labour and capital? The scepticism has persisted from the
      REUTERS  -  616 words
    • Article
      Lock icon Electronics output short-circuited in January
      370 4  -  TEH SHI NING It fell 43% as part of record 29% plunge in industrial output By [SINGAPORE] Industrial output in January fell 29.1 per cent from a year ago, the largest plunge recorded so far. This was worse than economists' consensus forecast of a 24.3
      370 words
    • Article
      Lock icon Summit to take stock of integration efforts
      287 4 [SINGAPORE] More than two months after the Asean Charter came into force in mid-December, Asean leaders are gathering this weekend in Hua Hin to take stock of the group's integration efforts. Singapore Prime Minister Lee Hsien Loong is due to arrive in the
      287 words
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      Lock icon Page 2 Advertisements Column 1
      174 2 lover $5 Mill Ton Dollar Jewellery Ii^ntoiTMUST^LIQIJIDATEDII I This property shall be offered at this one day auction. Items obtained from I I govt, auctions plus the addition of goods which constitute the majority. OVER 500 LOTS l!i,li'll»'dz_P Dia 19 86ct Diamond Studs Jp Sapphire 48.02ct. j$ J£ toloct Sapphire
      174 words
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      89 3 ___i 11 w^^ka^^. rll jß__T^'^^__?>--7 Whitley Rd hh hh |SH_?B°M ■=lggU|lQjll|K|iU!iQ|gi!Uil£|l|l^ F^"___'-__P___.._lr_ l_^d Balestierßd M IsSMBH ■9!!l_X_l<___3|^KS(sM§ ___in_l__»_Ef_iTCflH!l«HM lii|B| II iiy lilHMllM I ________^^___l ____r Lane a!l rßi r^ ip h hi mi h ESS loru Hll __Kw^#_yr_^^i l_r!n_lj_i_a RHktS JKrli_^_aiil^ffl____l ____r _^fl Rd Moulmein Rd flE_Uß___lS &151H HJbIBSIK Dunearn
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      127 4 Hiiilillliilll::. Knight Frank Australia presents =|iiililiiiiiiii==iiiifiiiiiliiiiiiiii= 2009 Australian Property Exhibition -i:::::::--!::* PINPOINTING s THE FUTURE OF THE AUSTRALIAN PROPERTY MARKET Raffles City Convention Centre, Singapore Saturday 28th February Sunday Ist March 2009 from 10am For the first time in Singapore, Knight Frank Australia brings together a unique collection of Australian
      127 words
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      Lock icon Page 5 Advertisements Column 1
      49 5 b_3__!______________l ____r ___R____^ WaWA Wr^AMmm B^^^L^ j^^j 9_P^T>?^____Mfl _f^^^L______________l _____H _____k _______^'________i _______H H^^fl |^5r m^^r __I^^T__________l >^flHl^^^^^ta _^fl '^mmmmmgSa---W r^ r^ r*=n *7 I I 7^ V I V sIRLINE II W %i^ 1996 %5^ 2001 2009 "^Ss^- Market Development ""^Ss^- Passenger Service "^Ss^- Airline of the Year
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  • COMPANY NEWS
    • Article
      Lock icon CDL Q4 profit dives to $100m
      781 6  -  KALPANA RASHIWALA Full-year earnings down 19.9%; group expects to stay profitable this year Reports by CITY Developments Ltd (CDL) yesterday said it expects to continue being profitable this year, after posting a dive in fourth quarter 2008 net earnings to about $100 million, less
      781 words
    • Article, Illustration
      Lock icon CDL pulls back from S Korea hotel project
      461 6 CITY Developments Ltd (CDL) has pulled back from a commercial and hotel project in Incheon, South Korea, the group's executive chairman Kwek Leng Beng said yesterday. Under a memorandum of understanding with DC Chemical Company in 2007, CDL was to pump US$l5O
      461 words
    • Article
      Lock icon Chemoil Q4 profit slips on lower selling prices
      868 6  -  RONNIE LIM By DESPITE demand erosion as the global slowdown hit shipping, Chemoil sold more marine fuel in the fourth quarter of 2008. But lower selling prices meant its Q4 profit dipped 15 per cent to US$l2.3 million, as revenue slipped 13
      868 words
    • Article
      Lock icon Plunge in fair value gain hits Allgreen
      270 6  -  ARTHUR SIM By ALLGREEN Properties yesterday reported a net profit of $67.4 million for the year ended Dec 31, 2008 down 86.34 per cent from $493.5 million the preceding year. This came as fair value gain on investment properties dived to $8.35 million
      270 words
    • Article
      Lock icon Record earnings for Kingsmen Creative
      253 6  -  YEN SREENIVASAN By COMMUNICATIONS design group Kingsmen Creative boosted its full-year earnings for FY2OOB by 51 per cent to a record $14.2 million, from $9.37 million the previous year, and declared that FY2009 would be another record year. Driven by strong contribution from its Greater
      253 words
    • Article
      Lock icon Dividend-rich story is waning
      643 6  -  JAMIE LEE HOCK LOCK SIEW By IT MAY be a nag but a mother's reminder of "safety first" to her kids is pretty good advice. And in such uncertain times, people are turning maternal. They are looking for investments that they can nestle into and sleep
      643 words
    • Article
      Lock icon Sembcorp Q4 net falls 33.6%
      497 7  -  VINCENT WEE But full-year net profit dips just 3.6% while revenue rises a healthy 15.2% By SEMBCORP Industries yesterday reported a 33.6 per cent fall in net profit to $100.85 million for the fourth quarter ended Dec 31, 2008 despite a 6.6 per cent rise
      497 words
    • Article
      Lock icon Yanlord '08 earnings up; Q4 profit dives
      368 7  -  LYNETTE KHOO By DESPITE a plunge in fourth-quarter revenue and net profit, Chinese developer Yanlord Land defied the weak market sentiment to post a 2 per cent rise in net profit to $225.8 million for the full year ended Dec 31, 2008. This
      368 words
    • Article
      Lock icon Midas full-year profit up 2.4% to $32.7m
      293 7  -  LYNETTE KHOO By MIDAS Holdings posted a marginal 2.4 per cent growth in net profit for the year ended Dec 31, 2008 to $32.7 million, on the back of a 2.9 per cent increase in revenue to $144.5 million. The growth was driven
      293 words
    • Article
      Lock icon Parkway posts $21m Q4 loss
      371 7  -  CHEN HUIFEN By DRAGGED down by falling foreign patient numbers and a one-off provision for impairment loss on receivables, Parkway Holdings has posted a fourth quarter loss of $21.1 million, from a net profit of $26.7 million for the year-ago period. The provision, to the
      371 words
    • Article
      Lock icon HTL sinks into the red on forex hedging losses
      214 7  -  JAMIE LEE By HTL International Holdings sank deeply into the red in Q4 after suffering losses from forex hedging. The sofa retailer reported yesterday a $15.8 million net loss for the three months ended Dec 31, 2008, against a $1.39 million
      214 words
    • Article
      Lock icon Noble earnings more than double in FY08
      298 7  -  OH BOON PING By NOBLE Group yesterday reported a more than doubling in net profit to U*****.3 million for the year ended Dec 31, 2008 from U*****.1 million the previous year. Revenue surged 54 per cent to US$36.l billion. Earnings per share were
      298 words
    • Article
      Lock icon Banyan Tree dips into red for Q4
      336 9  -  NISHA RAMCHANDANI It was hit by global slowdown, closure of Suvarnabhumi Airport in Nov By FACED with the double whammy of the global economic slowdown and the week-long closure of Bangkok's Suvarnabhumi Airport in November, resort operator Banyan Tree Holdings posted a net
      336 words
    • Article
      Lock icon Straco earnings jump 25% to $7.74m
      278 9  -  YEN SREENIVASAN By MAINBOARD-listed Straco Corporation, which develops and operates Chinabased tourism attractions, has reported strong fullyear earnings growth despite a drop in its fourthquarter bottom line due to one-off tax charges. The company's earnings for the year ended Dec 31, 2008 jumped 25
      278 words
    • Article
      Lock icon BreadTalk posts 6.2% rise in full-year profit
      263 9  -  LIEW AIQING By BREADTALK Group posted a net profit of $7.8 million for the full year ended Dec 31, 2008. The 6.2 per cent rise in net earnings came as revenue grew 35.5 per cent to $212 million. Singapore and China led the
      263 words
    • Article
      Lock icon DBS arm sets up US$100m onshore yuan fund
      443 9  -  EMILYN YAP Fund to buy into firms with aim of listing them in mainland later By MORE attractive deal valuations and regulatory changes have prompted DBS Group to set up a US$lOO million onshore yuan fund through its private equity arm. The
      443 words
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      936 7 '7? t^(^^^^^^B3^HH^H^HH^^^^^^^^B^^H_________________________i pK^^aaaaV--- L'^li_iil___H___^ _^^^^^^^^^^^^^^^^^^^^Pj»--v. 2 p KBe IT Hi:i B___^____l -^3£_P^____________ ____H__n____S__«____sl@_^___^J^^__^^ i v<!_^wl9lß^^^^Hß^hH^^^|^^^^^^^^^^^^H__H_______________l ■____F*__B?l__R?«____S_l^^J^ ,14-'"i__,j- J "•M>«:i :-^&tvLaWm*WWWWWWWWWWWWWWWWWWWWWWWW\WWWmWWW\ SWB^r*^ yf^S^Sft'" n..i--i :'a;^Sl_^^^Hfl^9l^^^^B_^__H_lß Kfl ftln_@Ti *___F J7 VlVl '■■j I g r'^^'^tf'^^^^ *^^^SSSmmmmm I ]^SS m^m^a^^^Kß^^^^m^kmWm^^m^.^.^.^K.^.^.m^^m RflbrlE- iii n Li- a l|\|\h IjSH-^ -"!"*^;"sl ''-^^^^^u^^H^^^^^^^^^^H________H_______________________________^______! ISM _______Ei BB____B___v i«i**f
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Betting on Wall Street rising pushes STI off its low
      602 8  -  R SIVANITHY STOCKS EXPECTATIONS that Wall Street will rebound on Thursday and the resulting short-covering yesterday enabled the Straits Times Index to bounce off its intraday floor of 1,599 to end virtually unchanged at 1,617.44, a net gain of 0.65
      : Bloomberg  -  602 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      96 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 4 10 1 0 0 0 4 10 1 Manufacturing 31 46 62 37 51 69 Commerce 11 18 20 16 20 23 )t/Stor/Comms 10 16 10 16 Finance 19 19 Construction Properties
      96 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      114 8 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 17.864 17.864 41.762 41.762 Manufacturing 264.166 8.991 273.157 112.468 545 113.013 Commerce 60.095 7.709 67.804 49.599 1.072 50.670 Tpt/Stor/Comms 65.894 20 65.914 101.593 101.594 Finance 32.588 32.588 187.880 187.880 Construction 11.430 412 11.842 1.466 1.470
      114 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      102 8 CapitaLand 2.020 -0.060 CapitaMall 1.410 4-0.050 CityDev 4.900 4-0.070 Cosco Corp 0.750 -0.005 DBS Grp 8.040 4-0.130 F&N 2.300 Gent Intl 0.420 4-0.005 Golden Agri 0.285 HK Land 2.050 -0.010 JMH 17.100 -0.400 JSH 8.810 4-0.010 Jardine C&C 9.350 -0.110 Keppel Corp 4.300 Keppel Land 1.300
      102 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      909 8  -  CONRAD TAN City Developments Feb 26 close: 554.90 CIMB-GK RESEARCH, Feb 26 Q4 2008 core net profit of Ssl4s million forms 24 per cent of our FY2OOB forecast and 23 per cent of consensus. A dividend per share of 7.5 cents was announced for FY2OOB, translating to a
      : Bloomberg  -  909 words
    • Article, Illustration
      Lock icon US$ rules the roost again, sterling pounded
      544 8  -  LARRY WEE CURRENCIES FURTHER US stock loses on Wednesday called the shots for currencies yesterday, lifting the US dollar across a broad front as risk aversion returned in ugly fashion. For a start, observers appeared quite underwhelmed by a newly-un-veiled stress-testing model for
      : Reuters  -  544 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 8 Feb 26 VALUE CLOSE BT OB/OS -578.00 +34.00 BT CADI -*****.00 -43.00 BT 10-day MA -*****.00 -58.00 FTSE ST Mid Cap 324.42 -1.05 FTSE ST Small Cap 260.53 -0.13 FTSE ST All Share 386.18 -0.08 FTSE ST China Top 154.40 +1.80 FTSE ST China 153.21 +0.51 UOB
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Golden Aqri 107,996,000 China Honqxinq 78,247,000 Capitaland R 45,312,000 Capita Land 33,898,000 Synear 28,266,000 Noble Grp 26,661,000 Biosensors 26,226,000 SingTel 22,934,000 RafflesEdu 21,804,000 Cosco Corp 15,702,000 VALUE(S) CapitaLand 68,556,930 DBS Grp 68,172,320 SingTel 59,626,035 OCBC Bk 51,779,130 UOB 34,829,900 Capitaland R 32,630,915 Golden Agri 30,537,805 Noble
      58 words
    • Article
      Lock icon RISES
      103 8 BY CENTS CLOSE UP 1200 202.0 20.2 QUE UOB 1036 20.0 2.0 Venture Co 498 16.0 3.3 DBS Gr| 804 13.0 1.' Sini iTel 100 259 11.0 4.. DBS Bk6% NCPS 10 9850 10.0 0.1 DBS 500 800 9.0 1.1 Cit 490 7.0 1.. Noble Gn 109 7.0 6.9
      103 words
    • Article
      Lock icon FALLS
      121 8 CLOSE DOWN GLD 10US$ 9310-121.2 -0.8 JMH 1710 -61.4 -2.3 OCBC Bk5.1%NCPS 100 9360 -40.0 -0.4 China H 10US$ 910 -39.9 -2.I OCBC Bk4.5%NCPS 100 8330 -20.0 -0.2 OCBCCai 5.1%NCPS 100 9300 -20.0 -0.2 STXPO 100 826 -19.0 -2.2 DBXT S&P Short 10US$ 8540 -15.3 -0.1 S I A
      121 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      87 8 Feb 26 CLOSE CHNG FR Feb 25 YR 2008/2009 S$ LOW S$ HIGH USS 1.5327 -0.37 1.5346 1.3457 Euro 1.9531 0.47 2.2064 1.8640 Pounds 2.1777 2.08 2.8431 2.0356 AS 0.9936 0.43 1.3251 0.9068 Yen* 1.5669 0.66 1.7278 1.2619 Rupiah* 0.***** -0.12 0.***** 0.***** Baht* 4.2646 0.07
      87 words
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      1536 9 your global supply chain partner j m |C__M__)_^r 2008 Results groUp \J V_/ V_/ Vl^fc/ 1/1/1/1/*J (Incorporated in Bermuda with limited liability) Revenue m*/g\i Net profit Y/ n/ The return rk/t\i increased <A 0/f\ increased 7/A 0/n on average 2A QL by J±/U by lamitT/U shareholders' JjL /U equity Dear
      1,536 words
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  • SINGAPORE NEWS
    • Article
      Lock icon S'pore is tops in industrial competitiveness
      385 10  -  OH BOON PING Ireland and Japan came in second and third, according to a UN survey By SINGAPORE came out top in terms of industrial competitiveness, a United Nations (UN) survey has found. The 2009 Industrial Development Report, which ranked 122 markets, said that
      385 words
    • Article, Illustration
      Lock icon Abbott piles on the investments
      495 10  -  CHEN HUIFEN By AMERICAN healthcare firm Abbott Laboratories has announced that it will invest another US$2O million in a nutrition science R&D centre in Singapore, just as it opened a US$3OO million manufacturing plant here yesterday. The new R&D outfit will focus on clinical trials
      STEPHANIE YEOW/THE STRAITS TIMES  -  495 words
    • Article
      Lock icon Accor launches Ibis hotel, eyes another in 2011
      355 10  -  NISHA RAMCHANDANI By HOSPITALITY group Accor officially launched its economy hotel Ibis Singapore on Bencoolen Street yesterday, and it already has a second one slated for completion in 2011. The second one, Ibis Novena, is being developed and will be owned by
      355 words
    • Article
      Lock icon S'pore's exports, FDI hit hard by global downturn
      494 11  -  CHUANG PECK MING ECONOMIC SURVEY There are fears crisis may hit flows well into the medium term: MTI paper Reports by THE breadth and scale of the current economic downturn has hit direct investments flowing into Singapore and exports going out harder
      494 words
    • Article, Illustration
      Lock icon Labour productivity falls across the board in Q4
      304 11 DESPITE a sharp pick-up in retrenchments in the final quarter of last year, there was no improvement in labour productivity. Instead, productivity tumbled 12 per cent in Octo-ber-December, steeper than the 9 per cent drop the quarter before, according to the Economic
      Economic Survey of Singapore 2008  -  304 words
    • Article
      Lock icon HDB launches BTO project in Woodlands
      256 11 THE Housing Development Board (HDB) has launched its first 2009 build-to-order (BTO) project at Woodlands. Champions Court, at the junction of Champions Way and Woodlands Avenue 1, has 815 units, comprising 224 studio apartments, 182 three-room, 224 four-room and 185 five-room flats. About 50
      256 words
    • Article, Illustration
      Lock icon Companies here stepping up to sponsor YOG
      266 11 THE Singapore Youth Olympic Games Organising Committee (SYOGOC) yesterday announced its official exhibition venue the Changi Exhibition Centre (CEC). The venue is being sponsored by CEC to the tune of several million dollars, said CEC managing director Jimmy Lav, declining to give an
      266 words
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      35 10 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. I Call 1800 289 8822 or email notices@sph.com.sg. I K______________i *****"'''''*''*'''*>^fc_" Y«____l ___X^__ ___^_l **^H ____________________H_MP Jfl V r j^^rt_te_|?J ■w™"^£B^sgn_7Jiip=s^^ Mv i i*"^^^^_c'"ill
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US orders stress tests for 19 biggest banks
      787 12 -NYT But analysts say worst-case scenario in test not more dire than forecasters expect [WASHINGTON] The Obama administration ordered the nation's 19 biggest banks on Wednesday to undergo new "stress tests" to check whether they could hold up if the economy deteriorates
      -NYT; k-llhl\ AP  -  787 words
    • Article
      Lock icon Australia capital spending rises strongly in Q4
      340 12 Reuters Economy may have avoided recession but firms pare plans [SYDNEY] Australian business investment defied expectations of a slump and rose strongly last quarter in a sign that the economy might have dodged a recession for now, though firms did pare future plans
      Reuters  -  340 words
    • Article
      Lock icon Confidence hits new low in Europe
      305 12 -AP [BRUSSELS] Business and consumer confidence in both the eurozone and the wider European Union hit a new low in February, the European Commission said yesterday a sign that the recession will deepen in the first quarter of the year. The survey's indicator charting
      -AP  -  305 words
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      Lock icon Page 12 Advertisements Column 1
      375 12 27 February [Fri] -SI March [sun] 2QQ9 10am 10pm daily Marina Square Central Atrium <©©£J 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: "Live"
      375 words
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  • MALAYSIA
    • Article
      Lock icon Businessman pleads for political truce
      487 13  -  S JAYASANKARAN His newspaper ad urges warring politicians to focus on economy, jobs By in Kuala Lumpur A MALAYSIAN businessman has taken a full-page advertisement in a major daily newspaper asking warring political parties to call a truce and focus on the shaky economy and
      487 words
    • Article
      Lock icon Genting posts Q4 loss of RM120.8m
      254 13 Reuters [KUALA LUMPUR] Malaysian conglomerate Genting reported a RM120.8 million (5550.4 million) net loss in the fourth-quarter, hit by an impairment loss at its cruise business. It earned RM514.44 million in the year-ago period. The company expects the global economic crisis to hit its
      – Reuters  -  254 words
    • Article
      Lock icon Federal-state battle looms for Selangor's water assets
      608 13  -  PAULINE NG At stake are billions for concessionaires and higher tariffs By in Kuala Lumpur A BATTLE appears to be looming between the federal government and the state government of Selangor over the takeover of privatised water concessions in the state. At stake
      608 words
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      205 13 lIH SSES First SteP on the Pathway 1 ip*CT Arbitrators to becoming a I v BK ClArb Professional Arbitrator" I ClArb Membership Entry Course organized by "The Chartered Institute of Arbitrators (East Asia Branch) Singapore Chapter" <| on 21 st zz n<l March zoos The Institute is inviting applications from
      205 words
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      554 13 FLY ANA to __E__J__^_____________________________ I Fr w^^p _r\mazing fares. Shorter transits. Attractively low taxes. And lovely Japanese hospitality. Enjoy all these and more with ANA's daily morning and night flights to USA! So book your next flight with us today! Hurry, seats are limited! Trove/ Period: 09 Mar -07 Apr
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China slams Christie's auction of relics
      595 14 -AP Beijing vows to continue to hunt for and reclaim other artifacts [BEIJING] Beijing slammed auction house Christie's for selling two imperial bronze sculptures that it says should have been returned to China and vowed yesterday to continue to hunt for and reclaim other
      -AP; _/] REUTERS  -  595 words
    • Article
      Lock icon Celebs liable if they endorse unsafe foods: reports
      265 14 AFP [BEIJING] Chinese celebrities will share liability if the food products they endorse prove to be unsafe, under a law to be submitted to China's parliament, state media reported yesterday. The report by the China Daily gave no details on how stars
      AFP  -  265 words
    • Article
      Lock icon HK Jan export dive worst in 50 years
      281 14 Bloomberg [HONG KONG] Hong Kong's exports plunged by the most in 50 years as the global financial crisis slashed demand for Chinese products shipped through the cityOverseas sales dropped 21.8 per cent in January from a year earlier, the government said yesterday,
      Bloomberg  -  281 words
  • Page 14 Advertisements
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      302 14 I 7 CULINARY WONDERS I Enjoy the luxury of choice with Global Kitchen's all-you-can-eat presentations. Experience seven culinary concepts with crisp salads, crustacean on ice, Asian mains, gourmet compositions, a la minute pasta, the carving station and a splendid dessert station set amidst a cosy ambience. For larger parties, opt
      302 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon Beijing says foreign banks still welcome
      589 15 Reuters Investors' interest in stake sales of China banks points to sector's strength [BEIJING] China will keep its doors open to foreign banks that dumped or cut their stakes in Chinese lenders, understanding that the financial crisis forced their hand, the country's top banking
      – Reuters; BLOOMBERG  -  589 words
    • Article
      Lock icon Regulator to put lid on bad loans
      371 15 Bloomberg [BEIJING] China aims to prevent a "massive rebound" in non-performing loans, even as the world's financial crisis deepens, the nation's top banking regulator said. The non-performing loan ratio at Chinese banks fell to 2.45 per cent at the end of December, from
      Bloomberg  -  371 words
    • Article
      Lock icon India seeks US$5.2b World Bank loan
      106 15 Bloomberg [NEW DELHI] India has asked the World Bank to give it a loan of US$5.2 billion for two years to June 2010 to help fight an economic slowdown, Acting Finance Minister Pranab Mukherjee said yesterday. "To mitigate the challenges arising out of the
      – Bloomberg  -  106 words
    • Article
      Lock icon AIG execs in China to push sale of AIA
      339 15 Reuters [BEIJING] US insurer American International Group (AIG) has sent senior executives to China to discuss the sale of its Hong Kong-based AIA unit, a top official with China's insurance regulator said yesterday. But Chinese firms' potential bids for the embattled
      – Reuters  -  339 words
  • Page 15 Advertisements
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      79 15 A globalized company with local wisdom RICHBURG c- v iy '18/ MOTORS Singapore Hong Kong Macau "P^ium-MPv&suvp ro -shop w l^B Vt kB I s*^___ __.^^^^^v^-. L L I^^ n-^ w -W^^lXajM WM ,aj r^^mwm^* Ik PR_^i?£_2*«-3^^^- w Lk I§^______**iM^*a il I I WmT^ 00^'^ 2 B^^_£i?^^H__________________£______l '"-"I remand conditions
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      212 15 a*********' >___^H FESTIVAL• SINGAPORE 13 22 Mar 09 fIED-HOT FUNK, JAZZ And lAJ\N It's music to set your heart aflame! I i r7* {^m 1 ■p^ E r jA\\ 1 j Srl^^ v-^« ■¥ili__\-i\w Irfl il il A7x -S^b_b I jo__f B|HBBVH P_V^^ \mmmw I l___l 1 "^^^^^^^^^^^^^H*rt______E-"' nanln'? MeXCite'l
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Search for successor as Telstra chief resigns
      675 16 Bloomberg Aussie telco posts 0.5% fall in profit forHl, its first drop in two years [MELBOURNE] Telstra chief executive Sol Trujillo will step down a year ahead of schedule after a tenure marked by clashes with the government. The board will search for
      – Bloomberg; J AFP  -  675 words
    • Article
      Lock icon South Korea plans 1t won fund
      133 16 Bloomberg [LONDON] South Korea plans to set up a one trillion won (Ssl.ol billion) fund to invest in resources, as Asia's third-largest metals buyer joins China in taking advantage of lower asset prices in the global recession. State-run companies will "take part" as investors
      – Bloomberg  -  133 words
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      3249 16 J_^l V_-X __L J_^^_> __L__ k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF THE IN THE MATTER OF THE IN THE MAHER OF THE COMPANIES ACT, CAP. 50 S7\/\ COMPANIES ACT, CHAPTER 50 COMPANIES ACT, CHAPTER 50 AND /fit) TACTICAL ADVISORS ROUTLEDGE INVESTMENTS IN THE MATTER OF
      3,249 words
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  • Page 17 Advertisements
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      9852 17 WINMALL LIMITED WINMALL LIMITED WINMALL LIMITED WINMALL LIMITED (Company Registration No: *****1942K) (Company Registration No: *****1942K) (Company Registration No: *****1942K) (Company Registration No: *****1942K) (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) NOTICE OF
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  • WORLD
    • Article, Illustration
      Lock icon GM to beg for more amid US$9.6b loss
      608 18 Bloomberg Carmaker's fate hinges on whether it can get additional USsl6.6b govt aid [DETROIT] General Motors Corp, surviving on US$l3.4 billion in US aid, reported a US$9.6 billion fourth-quar-ter loss as chief executive officer Rick Wagoner prepared to ask the Treasury for
      Bloomberg; REUTERS  -  608 words
    • Article, Illustration
      Lock icon Oswald Gruebel named UBS chief
      488 18 Reuters [ZURICH] ÜBS named Oswald Gruebel, who masterminded a turnaround at rival Credit Suisse, as chief executive yesterday, replacing under-fire Marcel Rohner as the bank struggles to end a run of crises. Mr Rohner's departure after barely 18 months, during which time ÜBS shares fell
      Reuters  -  488 words
    • Article
      Lock icon Tax suspicions grow about Swiss accounts of Americans
      543 18 NYT, Bloomberg [NEW YORK] US federal authorities suspect the scandal over Americans' secret offshore accounts at ÜBS, the big Swiss bank, runs far deeper than they believed only a week ago. While ÜBS admitted last week that it had failed to properly
      – NYT, Bloomberg  -  543 words
    • Article
      Lock icon Call to lift US online gambling ban
      344 18 Reuters It could raise USss2b if activity is taxed instead: study [WASHINGTON] The United States could raise nearly US$52 billion in revenue over the next decade by lifting a three-year-old ban on Internet gambling and taxing the activity instead, according to a study.
      – Reuters  -  344 words
    • Article
      Lock icon Wall Street's allure may be gone for good
      637 20 Reuters Massive losses, bailouts, big bonuses have done untold damage to bankers' image [NEW YORK] Americans have long tolerated Wall Street's big bonuses, bigger egos and outsized influence because Wall Street firms and their executives at least made lots of money. Now,
      – Reuters  -  637 words
    • Article
      Lock icon Office slump to worsen as banks vacate NY offices
      422 20 Bloomberg [NEW YORK] New York's biggest banks and securities firms may relinquish eight million square feet of office space this year, deepening the worst commercial property slump in more than a decade as they abandon a record amount of property. JPMorgan
      – Bloomberg  -  422 words
    • Article, Illustration
      Lock icon PRINCES OF DARKNESS
      48 20 [FRANKFURT] A stock trader dressed as the devil is seen in front of the German share price index DAK board at the German stock exchange. Despite the crisis, Frankfurt's bourse traders followed a long tradition to wear carnival costumes at Germany's Carnival on Tuesday. REUTERS
      REUTERS  -  48 words
    • Article
      Lock icon Google can join Web browser fray
      259 20 Bloomberg [FRANKFURT] Google Inc, owner of the most popular Internet search engine, won approval from European Union regulators to submit arguments in an antitrust case against Microsoft Corp. Google can intervene as an "interested third party" in the European Commission's case involving Microsoft's Internet
      Bloomberg  -  259 words
    • Article
      Lock icon Jobs plans to return, Apple tells investors
      456 20 -NYT Lack of info on Jobs' health disappoints some shareholders [CUPERTINO, California] For the last nine months, Apple has refused to get into specifics about the well-being of its chief executive, Steven P Jobs, even as he said last month that he was
      -NYT  -  456 words
    • Article
      Lock icon Northern Trust defends golf event
      300 20 Bloomberg [NEW YORK] Northern Trust Corp, a recipient of US$l.6 billion in federal bailout funds, has defended its sponsorship of a professional golf tournament after it ignited criticism in Congress. "We came to the conclusion that no public purpose would be served by cancelling the
      – Bloomberg  -  300 words
  • Page 18 Advertisements
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      666 18 A SATS IN THE MATTER OF THE COMPANIES ACT, CAP. 50 SASSOON CUSTODIAN CLEARING SERVICES PTE LTD Co. Reg. No. *****0073R (In Members' Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Final General Meeting of the
      666 words
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      Lock icon Page 18 Advertisements Column 2
      37 18 THE HEARTBEAT OF THE INDIAN COMMUNITY [H Mil W| l_B-_ n m lUUfli ij y 1 P wJi Forget curves, Jf| V J Indilnmovie >/O^L_______B BE&T Pflll©S_f* heroines use to lI.U NIUuIU wootheirman HlLigii^Bß^HjJ www.radio9l3.com I >> I
      37 words
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  • RETAIL SQUEEZE
    • Article, Illustration
      Lock icon Saks unveils survival plan for hard times
      735 19 -NYT It plans to cut costs, roll out exclusive, more affordable merchandise, says CEO [NEW YORK] Ever since it began posting double-digit sales declines and selling luxury goods at 75 per cent off, Saks has been accused by rivals of decimating the luxury
      -NYT; The companies, Bloomberg  -  735 words
    • Article, Illustration
      Lock icon Roman couturiers crying out for govt aid
      806 19 ■Reuters [ROME] Everyone in Italy's clothing industry is begging for state aid, but some of the loudest cries for help are coming from the exclusive haute couture segment known more for sequined extravagance than humble pleas. Rome's couturiers who included the likes of
      ■Reuters; I PHOTOS: REUTERS  -  806 words
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  • Page 20 Advertisements
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      96 20 GLOBAL- NIEDICALDO I Ma copy from any How resilient is our healthcare sector? Pulses gets you on the beat of Singapore's medical scene in the March issue, out in stores now. In this issue, we also seek out how shipping trusts can stay afloat in these testing times and interview
      96 words
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      Lock icon Page 20 Advertisements Column 2
      33 20 I ianhe Zaobao C*d L___l _#,ft:tt6 ______P 111 lE^B____F\ __Pml r 9 V No challenge will be a f too great for l| Yanlprd if lano a to overcome —"New immigrant billionaire chairman"
      33 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon MAS beats forecasts with RM244m profit
      529 21  -  YEN SREENIVASAN Remaining in the black signals the airline's newfound resilience By MALAYSIA Airlines (MAS) has beaten market expectations by posting a full-year net profit of RM244 million (*****.7 million). The Malaysian national carrier recorded a OctoberDecember fourth-quarter net profit of RM46 million its
      FILE PHOTO  -  529 words
    • Article, Illustration
      Lock icon American Airlines pilots planning work disruptions
      376 21 Bloomberg [DALLAS] American Airlines pilots are planning work disruptions short of a nationwide walkout if they're allowed to call a strike at the world's se-cond-biggest carrier. The Allied Pilots Association hopes that a strategy of "limited job actions" would improve its chances of being
      – Bloomberg; J AP  -  376 words
    • Article
      Lock icon Aircraft services firm BBA to cut 350 jobs
      284 21 Reuters [LONDON] British aircraft services firm BBA Aviation said it would cut 350 jobs to face the economic downturn in 2009 as it reported full-year results in line with estimates, sending its shares up 18 per cent. Chief executive Simon Pryce said
      – Reuters  -  284 words
    • Article
      Lock icon Golden Ocean, Frontline hit by global crisis
      627 21 Reuters Golden Ocean in talks to restructure, Frontline cuts dividend below forecast [OSLO] Shipping groups controlled by Norwegian tycoon John Fredriksen reported lower fourth-quarter profits, hit by weaker demand and overcapacity in the global crisis, and aimed to shore up capital to tackle
      – Reuters  -  627 words
    • Article
      Lock icon Aviation college ATTC poised to set foot in Jamaica
      306 21  -  NISHA RAMCHANDANI By WITH an eye on expanding its reach to Jamaica through a joint venture, the Air Transport Training CoUege (ATTC) took its first step yesterday when it was recognised as an approved training organisation by the Jamaican Civil Aviation
      306 words
    • Article
      Lock icon Air travel slump gets worse for Asia-Pac in Jan
      371 21  -  YEN SREENIVASAN Passenger numbers fell 5.6% globally, 8.4% in region: lata By INTERNATIONAL air passenger traffic dived for a fifth straight month in January, with Asia-Pacific carriers suffering the sharpest falls. The International Air Transport Association (lata) said worldwide passenger numbers
      371 words
  • Page 21 Advertisements
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      950 21 ALLQREEN PROPERTIES LIMITED Company Registration No.: *****1009N (Incorporated in the Republic of Singapore) The Board of Directors wishes to announce the following unaudited results of the Group for the period ended 31 December 2008. 1 CONSOLIDATED INCOME STATEMENT FOR THE PERIOD ENDED 31 DECEMBER 2008: 2008 2007 Ss,ooo Ss'ooo Turnover
      950 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon US needs coherent policy in Afghanistan
      482 22 US President Barack Obama's decision to deploy 17,000 additional US troops to Afghanistan is a move by the administration to reverse the faltering two-year US-led campaign against a resurgent Taliban. About 55,000 Nato troops are currently being deployed in Afghanistan, the majority of whom
      482 words
    • Article, Illustration
      Lock icon EU needs coherent strategy on Asia ties
      977 22  -  SHADA ISLAM Europe should take a leaf out of Obama's book and give the region its due importance UNITED States Secretary of State Hillary Clinton's Asian tour spotlights key differences in American and European attitudes towards a region which has often taken a
      I AP  -  977 words
    • Article, Illustration
      Lock icon Time to leave US financial crisis to the foxes
      800 22  -  LEON HADAR THE BOTTOM LINE PUNDITS in Washington are obsessing over the intellectual odyssey of economist Lawrence Summers who has been transformed from an avid free marketer of the *****, when he served in the Clinton administration, into a supporter of
      800 words
    • Article, Illustration
      Lock icon India weathers the economic storm
      1395 23  -  AMITENDU PALIT The slowdown in some sectors is masking the robustness in consumer durables output, FDI inflows and money markets By THE global economic crisis manifested in a synchronised collapse of the major financial markets in September 2008. Since then, most of the major economies
      REUTERS  -  1,395 words
    • LETTERS TO THE EDITOR
      • Letter
        Lock icon Companies should reconsider rights issues
        184 23 I REFER to the article "Downside of pre-emptive rights issues" (BT, Feb 26) and, in particular, the comment "pre-emptive strategies, while good for the individual company, could be detrimental to the overall economy if liquidity gets sucked dry by the big players" which was in
        184 words
      • Letter
        Lock icon Provide stipend for PMETs during their training
        188 23 I REFER to the articles "99,000 job losses seen in Singapore by next year" (BT, Feb 26) and "PMETs will get more help :PM Lee" (BT, Feb 23). If one is an unemployed PMET (professional, manager, executive or technician), how does one go
        188 words
    • Article
      Lock icon HK budget stresses stability, jobs
      1114 23  -  OWI KEK HEAN DARREN BOWDERN By and IT has been a year since Hong Kong Financial Secretary John Tsang delivered his maiden budget, and what a year it has been. The theme of last year's budget was "leaving wealth to the people", riding off the
      1,114 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8679 24 Transaction date: Feb 26 Hii !-wks Tel Low Code Comi Sale COOP) Hii Low Bu] fer Seller C'vr P/E $mil >an] 9 3 3148 .Telecom 12 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABR Hldgs 19 6 1938 AEI Corp 9.5 1 1100
      8,679 words
    • Article
      Lock icon SGX CATALIST
      1817 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      1,817 words
    • Article
      Lock icon SGX XTRANET
      95 25 _Hm Low Code Coi Sale ('000) _Hm Low Seller C'vr P/E 1 $mil 1830 1830 DBXT FTChina25 10US$ 931 871 DBXT MSTaiwan 10US$ DBXT Nifty 10US$ 8570 8540 DBXT S&P Short 10US$ ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101
      95 words
    • Article
      Lock icon CLOB INTERNATIONAL
      62 25 Hii Low Code Comi >an< Sale COOP) Hii Low Bl rer Seller C'vr P/E $mil 84.5 25.5 6000 AVJennings 11 4 6134 Over&Gen 24.5 6 6017 StarCruises 248 103 6019 TanChonglnt A26 A8 US7.5 HK112 -7 +0.5 30 53 28 7.5 25.5 7 26 7 60 27.5 9
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9301 25 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.382/ AIGIF Spore Bond Fund/ A 1.2/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.62/ APS Alpha Fund (USD)!** 0.4/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5427/ APS Komaba
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb 25 World Index Preliminan 580.3 -0.2 -14.4 -0.3 -11.9 -0.5 -17.0 t EAFE Prel liminai 556.7 0.5 -14.2 0.2 -14.7 0.0 -19.6 Euro[ Preliminan 772.1 -0.1 -15.3 -0.6 -15.8 -0.8 -20.7
      373 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 26 As at 9am Feb26 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9860 1.0440 Can dollar 1.2130 1.2290 Euro 1.9380 1.9630 NZ dollar 0.7730 0.7920 iterlini ind 2.1660 2.1930 US dollar 1.5240 1.5410 Local dollars to 100 units of foreign currency:
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    • Article
      Lock icon INTERBANK RATES
      170 26 Feb26 *L Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 1/16 7/16 9/16 11/16 Offer PAR 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.40 0 90 1.10 1.50 2.00 2.30 2.50 Offer 0.30 0.60
      170 words
    • Article
      Lock icon STOCK INDEX FUTURES
      21 26 Feb26 STI IIMSCI Mar 198.0 199.0 196.8 "aiwan Mar 172.0 173.5 170.8 Source: MF Global (S) He. Ltd
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    • Article
      Lock icon US$/S$ FORWARD RATES
      21 26 Feb 26 Bid Offer 1-month 1.5338 1.5353 2-months 1.5334 1.5351 3-months 1.5329 1.5346 6-months 1.5318 1.5337 Source: OCBC
      21 words
    • Article
      Lock icon PALM OIL
      64 26 Feb26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Mar 09 1950 1933 1950 1921 462 3132 Apr 09 1940 1908 1940 1900 2953 ***** May 09 1930 1890 1930 1882 5513 ***** JunO9 1920 1880 1920 1873
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      319 26 Feb26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.7250 98.6950 98.6100 98.4250 9160 6500 5642 1724 EUROYEN TIBOR FUTURES MarO9 99.310 99.320 JunO9 99.395 99.405 SepO9 DecO9 99.475 99.475 Mar10 Jun10 Sep10 DedO 99.310 99.395 99.470 99.320 99.405 99.465 99.470 99.455 99.395
      319 words
    • Article
      Lock icon SICOM FUTURES
      191 26 Feb 26 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) MarO9 143.5 Apr 09 145.0 May 09 142.4 JunO9 Jul 09 142.5 Aug 09 142.5 144.0 142.4 142.5 143.5 144.5 144.7 144.7 144.5 143.8 103 40 60 10 580
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    • Article
      Lock icon GOVERNMENT SECURITIES
      87 26 Feb 26 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 0.34 0.43 0.29 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
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    • Article
      Lock icon CHICAGO BOT
      105 26 Feb 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 09 878.00 881.00 890.75 863.00 May 09 880.00 883.50 893.50 865.25 Jul 09 885.00 888.50 898.50 870.75 Aug 09 877.00 880.50 883.50 864.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 31.90 30.51 31.95
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 26 CRUDE OIL PRODUCTS 5 Feb 25 CRUDE (FOB origin) USS/barrel Close Change Brent blend (1-Mth F) 43.00 1.92 WTI (Near Mth) 42.75 2.78 Dubai (1-Mth F) 41.90 1.18 Tapis blend 47.45 1.35 Minas 43.20 1.35 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 42.90 49.60 1.63 1.05 USS/barrel Opec
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 26 Feb26 AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.813 4.433 0.509 5.024 32.568 77.679 0.634 9.804 2.378 1.269 51.775 31.353 0.994 6.462 0.758 22.580 23.299 0.456 0.648 Canada 1.229 5.450 0.626 6.177 40.038
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    • Article
      Lock icon SIBOR
      78 26 Feb 26 (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.*****
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 26 Feb26 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9937 0.9952 0.6478 0.6482 Canadian dollar 1.2215 1.2234 0.7964 0.7969 Euro 1.9517 1.9541 1.2724 1.2728 NZ dollar 0.7826 0.7842 0.5102 0.5108 Sterlini ind 2.1788 2.1812 1.4204 1.4207 US
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    • Article
      Lock icon PRECIOUS METALS
      138 26 Feb26 (US! t/oz) Feb 26 Feb 25 Hong Kong London 945.40 949.80 946.40 950.80 Feb 24 Feb 25 973.25 973.10 975.25 974.70 Source: Thomson Reuters CAST BAR (SS) Feb 26 Buying Sellini Kilobar "50,444.08" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
      138 words
    • Article
      Lock icon LONDON METALS
      69 26 Feb 25 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1307.00 1292.00 3 months 1343.00 1329.00 Copper, Grade A (USS/tonne) Cash 3 months 3377.75 3410.00 3250.75 3285.00 Lead (USS/tonne) Cash 1017.75 3 months 1030.00 982.75 995.00 Nickel (USS/tonne) Cash 3 months 9998.00 *****.00 9719.00 9800.00 Tin (USS/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      71 26 Feb 25 COCOA (Btonne) Close Prev Hii ih/Low Mar 09 1825 1741 1825/1741 May 09 1797 1715 1797/1713 Jul 09 1781 1707 1782/1706 SepO9 1768 1699 1762/1695 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1565 1572 1583/1563 May 09 1577 1580 1592/1575 SUGAR (US tonne) White Close Prev High/Low
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2327 26 BONDS, WARRANTS EXTENDED SETTLEMENT lei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Prem Expiry Disc Gear- Mths ing Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 0.5 1481 Asia Water Tech Ltd W*****0.. 18.5 !816#Asiasons Capital Ltd W*****7 4 S756#AsiaticGrp(H)
      2,327 words
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  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      757 29 dance career in Spain. and dance, comedy, a poignant short The piece of music will also be film and a passionate talk about wine. I given two variations to complement I the choreographers' individual 'Wine, Women and Words' will take directions and interpretations, place on Feb 27 and 28 at
      757 words
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  • executive lifestyle
    • Article
      Lock icon Hey big spender, spend a little time with me
      514 34 off the cuff jaime cc WHAT do Wall Street bankers and Singaporeans rolling over their credit card payments have in common? Both have a penchant for spending money that isn't quite theirs, whether it's bailout money or easy credit with killer
      514 words
    • Stayers, not quitters
      • Article, Illustration
        Lock icon A merry Scot still saying 'cheers!'
        439 34 SPIRIT OF SCOTLAND •HEN I first ar- rived in Singa- pore with a plan, the expat contacts I had were a great help giving me pointers and advice," says Andrew Skene, whose company, Spirit of Scotland, is the exclusive distributor in Singapore for independent
        439 words
      • Article, Illustration
        Lock icon A passion for variety
        396 34 SWISS DREAMS FOCUS is a good thing to have when carving a niche in the Singapore market, but Shumit Arun Chanda's niche is a little wider than most. He imports any fresh product from his home country, Switzerland. Mr Chanda is one of those impetuously bold
        396 words
      • Article, Illustration
        Lock icon Sound fundamentals
        493 34 BANG OLUFSEN MANY business owners have referred to current market challenges as a time for consolidation, where marginal players get weeded out, leaving the strongest players standing on the field. Leveraging upon the instant recognition of an internationally established brand is definitely an asset when it comes to
        493 words
      • Article
        Lock icon Crucial support
        82 34 Regardless of the extent of the role expat communities have played in these three businesses in Singapore, what stands out is the fact that the support has made a difference. In the case of Swiss Dreams, this support had the potential to make or break Mr Chanda's business.
        82 words
    • WINE/ARTS
      • Article
        Lock icon Mature Bordeaux vintages re-visited
        988 29 Extreme care has to be exercised when buying mature bottles, writes N K YONG THE instructions were short and clear dinner at 7.30pm, bring a mature First Growth Bordeaux. At least we would have some things more interesting and rewarding to discuss than the state of
        988 words
      • Article, Illustration
        Lock icon Using colour to narrate hardships of Nepal's girls
        507 29  -  CLARISSA TAN By WHEN photo-journalists Debby Ng and Edwin Koo embarked on an expedition in Nepal, they instinctively felt the importance of colour. Their aim was to take photos that would spread awareness of the plight of girls in that mountainous country.
        507 words
    • ARTS
      • Article, Illustration
        Lock icon Philippine figurative art enters a grey area
        766 30 Two artists display homeland tradition in their shows here, reports CLARISSA TAN TWO Filipino artists are having one-man shows in Singapore, displaying works done mainly in black, white and shades of grey. Their pieces, continuing in the tradition of figurative art from the
        766 words
      • Article, Illustration
        Lock icon Playful works that are steeped in irony
        570 30  -  EMILYN ANG By ACCORDING to creative folks, art and food are both essential forms of sustenance. "Without it, your soul dies," warns Afri-can-born Indian artist Ketna Patel. Artists are thus seeking alternative spaces to display their creations and reach a more diverse viewing
        570 words
      • Article, Illustration
        Lock icon Seniors take centre stage in maiden performance
        598 30  -  CHEAH UI-HOON By THE last time Thomas Lim performed on stage was back in 1968, in a school play. Now, the retiree is rediscovering his acting passion as a participant of The Necessary Stage's (TNS) Encore programme which teaches drama skills to seniors
        598 words
      • Article, Illustration
        Lock icon The importance of being accessible
        376 30  -  AMANDA DE GUZMAN By FOR the Buds Theatre Company's production of The Importance of Being Earnest, the emphasis was clearly on quality, not quantity. The play had all the hallmarks of a top-notch production: a first-rate cast; elegant, yet whimsical set design and costuming; and
        376 words
      • Article, Illustration
        Lock icon Power performance from innovative mix
        358 30  -  AMANDA DE GUZMAN By THE Necessary Stage's new play, Past Caring, combines the intercultural and the interdisciplinary in an unapologetically non-linear structure, consisting of several multimedia platforms, mediums and a narrative unbound from the restrictions of time and space. While this exercise in innovation has
        358 words
    • CINEMA/NIGHT OUT
      • Article, Illustration
        Lock icon Extended version of someone's family video
        586 31  -  GEOFFREY EU Marley Me is all bone and very little meat, says HE'S blond, he's cuddly and he's impossibly cute, with puppy dog eyes and abundant sex appeal too bad he can't be housebroken. Not Owen Wilson (although the description applies to him as
        586 words
      • Article, Illustration
        Lock icon An unusually smart thriller from Japan
        504 31  -  AMANDA DE GUZMAN By SEAMLESSLY weaving physics and mathematics into a thoroughly modern whodunnit is Suspect X, a triumphant effort from newbie Japanese director Hiroshi Nishitani. What could have been a pretentious arthouse feature is made accessible by a modulated pace and clear storytelling.
        504 words
      • Article, Illustration
        Lock icon A learning experience for customers
        666 31 Forget the economic crisis the owners of two new bars in town tell MELISSA LWEE why they've chosen to buck the trend and what they're doing to reel in the crowd IF ever there was a bar equivalent of Superman, Nickeldime would be it. A
        666 words
      • Article, Illustration
        Lock icon Hyde and seek the pleasure of a good drink
        600 31 ONE would think that savvy businessmen would put their dollars in a safe given the economic crisis, but not Hugh Hoyes-Cock. The CEO of O'Brien's Asia took the road less travelled and launched a new bar in Boat Quay yesterday Hyde.
        ARTHUR LEE  -  600 words
      • Article, Illustration
        Lock icon Out of America to wow Singapore
        469 31  -  MELISSA LWEE By THEIR success has been labelled as the American dream but the members of All American Rejects have never let it go to their head. "Obviously, we couldn't be more stoked on the success we've attained," says guitarist and vocalist Mike Kennerty
        469 words
    • BOOKS
      • Article, Illustration
        Lock icon Evolutionary road
        435 32 Popular science books have a dedicated readership that looks likely to expand, given the current global interest in all things Charles Darwin, and the spate of new ink on paper in honour of the great naturalist. On the occasion of his 200th birthday, PARVATHI NAYAR reviews a selection
        435 words
      • Article, Illustration
        Lock icon Dispelling some popular myths around Darwin
        280 32 Darwin's Island From the Galapagos to the Garden of England By Steve Jones Little, Brown, Pages: 307 Price: $31.95 THIS has got to be the most interesting ie "readable" of the new Darwin books. Darwin's Island: From The Galapagos to the Garden of England
        280 words
      • Article, Illustration
        Lock icon Examining a powerful hypothesis
        220 32 Darwin's Sacred Cause By Adrian Desmond and James Moore Allen Lane Pages: 512 Price: $60 w/o GST ADRIAN Desmond and James Moore seem to have a deep-rooted fascination with Darwin, having previously authored a "definitive" biography about him in 1991. This familiarity with their subject matter
        220 words
      • Article, Illustration
        Lock icon A classic that even non-scientists will enjoy
        221 32 On the Origin Of Species By Charles Darwin Penguin UK Pages: 544 Price: $74 w/o GST THE re-release of On the Origin Of Species celebrates 150 years of its publication. Top contemporary artist Damien Hirst who painted Human Skull in Space to adorn
        221 words
      • Article, Illustration
        Lock icon Evocative, despite the jokey eagerness
        465 32 The Canon The Beautiful Basics of Science By Natalie Angier Faber Pages: 293 Price: $19.95 (w/o GST) Rating: B- WE DEAL with science in our daily lives, all the time, whether using the vacuum cleaner or making hollandaise sauce and since "you're baking the cake,
        465 words
      • Article, Illustration
        Lock icon A collection of strange goings-on
        461 32 The Mad Science Book By Reto U Schneider, translated by Peter Lewis Quercus Pages: 287 Price: $41.95 Rating: C+ "Soul has Weight, Physician Thinks," reported The New York Times headline of March 11, 1907. The source was an experiment by scientist Duncan MacDougall, who weighed
        461 words
    • MUSIC/GAMING
      • Article, Illustration
        Lock icon English songs that tell on the Asian singer
        693 33 CD REVIEW They offer clues as to who is ready to cross over to English, says CHRISTOPHER LIM Sixology JJ Lin Ocean Butterflies Rating: A Queen Sing Warner Rating: B Heartbeat Wang Lee Horn Sony Rating: BVoice Mika Nakashima Sony Rating: B+
        693 words
      • Article, Illustration
        Lock icon Online shooter game brings pace, action
        445 33  -  CHRISTOPHER LIM By IF YOU haven't checked out World of Warcraft, the most popular massive-ly-multiplayer online role-playing game (MMORPG), it's probably because you can't spare the time. That's a major stumbling block for gamers who want to check out what the fuss is about
        445 words
      • Article, Illustration
        Lock icon Mike Stern headlines intricate Mosaic
        675 33  -  CHRISTOPHER LIM By THE Esplanade's Mosaic Music Festival justifies its name again this year by bringing in a dizzying array of artists that might leave you hard put to decide just which act to see. However, if your tastes run to traditional genres relative to
        675 words
  • Page 34 Miscellaneous