The Business Times, 3 March 2009

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL29969
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • 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 Tuesday, March 3,2009
    23 words
  • Article, Illustration
    Lock icon Risk aversion drives US$ to fresh highs
    691 1  -  /LARRY WEE S$ revisits Dec '06 lows; Indian rupee tumbles to fresh all-time nadir By [SINGAPORE] The US dollar exploded against its Asian counterparts on rising financial sector worries yesterday, scaling fresh multi-year highs against the Singapore dollar, Malaysian ringgit, Thai baht, South
    : Reuters; : Bloomberg  -  691 words
  • Article, Illustration
    Lock icon AIG stuns with massive loss, gets US$30b lifeline
    676 1 NYT, Bloomberg, AP USs6l.7b Q4 loss is biggest in corporate history, federal officials say they have no choice but intervene [NEW YORK] In a troubling sign that the financial crisis is far from over, the US government yesterday agreed to provide another
    NYT, Bloomberg, AP; REUTERS; :BBC  -  676 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      44 1 lorn lay lange 1 COMP 876.56 -14.11 IIKKEI225 7,280.15 -288.27 1ANG SENG 12,317.46 -494.11 ;et index 416.52 -15.00 IAKARTA COMP 1,256.11 -29.37 1ANILA COMP 1,856.43 -16.79 ;eoulcomp 1,018.81 -44.22 ;henzhenb 303.76 +3.22 IUMBAI IND 8,607.08 -284.53 11AM EST Cham )OW 6,895.59 -167.34 IASDAI
      44 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.85 HONG KONG 5.00 INDONESIA 16.517 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      42 1 IS$ (S$ per US$) 1.552 (US$/S$ per 1.425 2.211 :URO (US$/S$/E) 1.259 1.955 Foreign currency per US$ S$ 'EN 97.30 62.70 3.725 2.400 IK$ 7.757 4.997 !AHT 36.23 23.34 lUPIAH 12,010 7,737 lENMINBI 6.843 4.408 INDIAN RUPEE 51.69 33.30 1.574 1.014
      42 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      1 1 III!
      1 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      243 1 "To understand it, you have to understand the inner workings of the concept of time." Best Private Bank 2008 Ludwig Oechslin, curator at the Musee international d'horlogerie (international watch museum) Awarded by FnanceAsia in La Chaux-de-Fonds, Switzerland Best Boutique Private Bank Pushing back the boundaries of time comes naturally to
      243 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      46 1 EDITORIAL SMEINC lMl|f/ /m^ PROPERTY US COMPANIES Poor show in spirit 7 steps to surviving j§L Spore office rents Work hours cut of Q4 reporting the crisis y^jOff fSnmf fall sharpest in Asia to avert layoffs PAGE 18 PAGE 11 UmM? '^>~S PAGE 27 PAGE 14
      46 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon HSBC shares slump on US$18b cash call
      713 2  - HSBC shares slump on US$ 18b cash call NEIL BEHRMANN Rights issue is deeply discounted; FYOB pre-tax profit plunges 62% By in London HSBC Holdings' share price plunged yesterday, following a deeply discounted US$l7.7 billion rights issue, a slide in profits and a sizeable dividend cut. In intra-day trading in
      REUTERS  -  713 words
    • Article
      Lock icon HSBC shores up its defences
      395 2  -  JOHN FOLEY By IT'S not how it looks, honest. HSBC announced a shock US$l7.7 billion rights issue yesterday, saying the move was partly designed to help it make opportunistic acquisitions. The reality is that this is a highly defensive equity raising. The cash call comes
      395 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon AIG stuns with massive loss, gets USs3ob lifeline
        94 2 THE US government yesterday agreed to provide an additional US$3O billion in taxpayer money to the American International Group and loosen the terms of its huge loan to the insurer, even as the insurance giant reported a US$6l.7 billion Q4 loss, the
        94 words
      • Article
        Lock icon Risk aversion drives US$ to fresh highs
        61 2 THE US dollar exploded against its Asian counterparts on rising financial sector worries yesterday, scaling fresh multi-year highs against the Singapore dollar, Malaysian ringgit, Thai baht, South Korean won, Taiwan dollar and Indian rupee. The Sing dollar touched 551.5550 to the greenback a
        61 words
      • Article
        Lock icon HSBC shares slump on US$18b cash call
        82 2 HSBC Holdings' share price plunged following a deeply discounted US$l7.9 billion rights issue, a slide in profits and sizeable dividend cut. In intra-day trading in London yesterday, the shares collapsed by 24 per cent to 373 pence from Friday's close of 491 pence
        82 words
      • Article
        Lock icon Mice industry in for a double whammy
        73 2 THIS year will prove to be a tough balancing act for Singapore's Meetings, Incentive Travel, Conventions and Exhibitions (Mice) industry, as it faces a double whammy of show cancellations and weaker response from overseas. As the annual season for exhibitions and trade shows
        73 words
      • Article
        Lock icon US carriers lead 7% drop in airline stocks last month
        125 2 AIRLINE stocks continue to dive amid the slide in equity markets. The counters fell 7 per cent in February, with US carriers bearing the brunt, the Bloomberg airline index shows. The market value of US airlines collapsed 28 per cent
        125 words
      • Article
        Lock icon Ocean, Sunmoon may be placed on SGX watch-list
        91 2 AS the dust of the earnings season settled yesterday, Ocean International and Sunmoon Food Company were the first two listed companies to warn that they might be placed on the Singapore Exchange's watch-list. Both companies posted pre-tax losses for their third consecutive
        91 words
      • Article
        Lock icon ExxonMobil, SRC refineries shutting for maintenance
        76 2 TWO of Singapore's three refineries are shutting down for six to eight weeks of maintenance, cutting the island's 1.4 million barrels per day refining capacity amid slow demand for oil products. The shutdowns by ExxonMobil and Singapore Refining Company come as industry sources said
        76 words
      • Article
        Lock icon PMI index gives glimmer of hope for China economy
        81 2 A CHINESE business survey provided fresh tentative evidence that a sharp downturn in manufacturing in the world's third-largest economy may be nearing a bottom, though it continues to contract and shed jobs. The Purchasing Managers' Index produced for brokerage CLSA rose
        81 words
      • Article
        Lock icon Slide in S'pore office rents sharpest in Asia
        58 2 OFFICE rents for Grade A/Prime space in Singapore fell a steep 14 per cent in Q4OB on a year-on-year basis, the sharpest fall in Asia. In Tokyo, office rents fell 13.4 per cent while in Hong Kong, rents fell 13.2 per cent,
        58 words
    • Article, Illustration
      Lock icon Meagre pickings may hurt MICE sector this year
      783 3  -  NISHA RAMCHANDANI At least 3 events have been either cancelled or postponed so far By [SINGAPORE] This year will prove to be a tough balancing act for Singapore's Meetings, Incentive Travel, Conventions and Exhibitions (MICE) industry as it faces a double whammy
      FILE PHOTO  -  783 words
    • Article
      Lock icon US scores bigger trade surplus with S'pore last year
      590 3  -  CHUANG PECK MING US Census USsl2.9b trade gap in goods exceeded by only 3 countries By [SINGAPORE] The United State has made bigger news with its trade deficits than its trade surpluses. But the US also has surpluses and among countries
      US Census  -  590 words
    • Article
      Lock icon S'pore investors snap up US stocks as markets dive in Q4
      541 3  -  CHUANG PECK MING By [SINGAPORE] Credit crunch or not, Singapore investors, along with their Asian counterparts, couldn't miss an opportunity when stock prices crashed on Wall Street in the final quarter of 2008. Singapore investors snapped up a net
      541 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      1470 2 V<l7 iTT^VT^T^^T-'r' Toll free: 1800-289-8822 V IVIII I L W Email: notices@sph.com.sg J_ V^^/ J_ J_ V_^ 1-■ kj www.cats.com.sg UNIONMET (SINGAPORE) LIMITED (Incorporated in Singapore) (Co. Reg. No: *****9104W) NOTICE OF ANNUAL GENERAL MEETING Connection 4, Level 3, 165 Tanjong Pagar Road, Singapore *****9 on Tuesday, 17 March 2009
      1,470 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      16 2 Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      16 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      124 3 h servcorpK'";::" :r:::.s A^l B^^^m^ fl^^ESj L B^^^! wSm 332 SB www.servcorp.com.sg IQ£1! pj| I Everything But The Overheads... I From $100* per month! j£ No set up fees, no security deposit, month to month flexibility jM Prestigious address for your business cards and letterhead m Access to over 300
      124 words
Page thumbnail Page 4
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI sinks to its lowest close since August 2003
      482 4 Bloomberg, AFP STOCKS Analysts say renewed global economic gloom, scepticism over the US stimulus efforts will weigh on the market THE Straits Times Index yesterday fell 61.47 points, or 3.9 per cent, to 1,533.40 at the close, its lowest close since
      Bloomberg, AFP; Bloomberg  -  482 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      87 4 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch lulti Ind 3 112 0 0 0 3 112 lanufacturini 28 82 40 13 30 87 53 Commerce 28 18 32 21 'pt/Stor/Comms 23 24 :inance 34 34 Construction 11 14 'roperties 30 30 lotels/Rsts
      87 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      112 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 20,964 20,964 53,490 53,490 lanufacturing 329,169 4,721 333,890 139,788 419 140,206 lommerce 48,796 10,038 58,834 33,507 1,147 34,654 'pt/Stor/Comms 75,223 111 75,334 116,018 116,021 :i nance 66,482 66,482 407,193 407,193 lonstruction 25,385 1,672 27,057 1,789 18 1,808 'roperties 176,940
      112 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      107 4 lapitaLand 1.800 -0.180 lapitaMall 1.370 -0.060 jtyDev 4.600 -0.200 losco Corp 0.680 -0.040 IBS Grp 7.410 -0.430 :&N 2.150 -0.130 ient Intl 0.415 -0.005 iolden Agri 0.290 +0.005 IK Land 1.950 -0.130 IMH 17.120 -0.180 ISH 9.300 +0.200 lardineC&C 8.510 -0.330 Ceppel Corp 4.130 -0.240 Ceppel
      107 words
    • Article
      Lock icon BROKERS' TAKE
      306 4  -  JOYCE HOOI United Overseas Bank March 2 close: $9.25 DMG PARTNERS SECURITIES, March 2 UOB reported FY2OOB net profit of $1.94 billion, down 8.2 per cent y-o-y, in line with our $2.01 billion expectation. Net interest income may have expanded 20 per cent to $3.58 billion, but this
      306 words
    • Article, Illustration
      Lock icon Hang onto or add new short positions
      235 4  -  KEN TAI CHART POINT GLOBAL markets are likely to head lower this week as we see a crack in the bellwether S&P 500 index. Last week, the S&P's weekly chart closed below the October 2002 lows, setting new 11-year lows. Using KELIVE's in-house
      Kelive  -  235 words
    • Article, Illustration
      Lock icon Dollar gains as AIG sparks flight to safety
      517 4 Reuters CURRENCIES [LONDON] The dollar rose yesterday as financial woes prompted investors to seek the perceived safety of US dollar assets as insurer American International Group posted a big loss amid US government aid for the ailing firm. AIG announced a US$6l.7
      – Reuters; BLOOMBERG  -  517 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      58 4 Mar 2 VALUE CLOSE IT OB/OS -850.00-161.0C IT CADI -*****.00-241.0i IT 10-day MA -*****.00 -85.0' TSE ST Mid Cap 311.76 -10.4! TSE ST Small Cap 251.53 -9.4i TSE ST All Share 367.32 -14.2 TSE ST China Top 145.13 -6.3' TSE ST China 143.75 -7.3 IOB Catalist 66.77
      58 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 4 VOLUME Golden Agri 103,489,000 Capitaland R 79,241,000 Capita Land 54,214,000 China Honqxinq 53,175,000 Reyounq 38,272,000 Synear 30,226,000 Sing Tel 24,612,000 Celestial 23,023,000 OCBC Bk 18,068,000 DBS MBL eCW*****2 17,828,000 VALUE(S) UOB 166,129,490 DBS Grp 112,943,770 Capita Land 98,633,328 OCBC Bk 76,990,300 Sing Tel 60,994,755 SGX 44,286,650 Wilmar
      61 words
    • Article
      Lock icon RISES
      108 4 CLOSE UP iBXT S&P Short 10US$ 9142 589.6 4.3 LD 10US$ 9436 212.6 1. ISH 930 31.0 2., iBS RB ePW*****3 155 17.0 12. IQB BNP ePW*****8 93 14.5 18. IQB BNP ePW*****7 87 12.5 16.: ICBC Bk BNPePW/*****2 51 12.0 30.: IOBRBePW*****3 111 10.0 9. in< Inv Fin
      108 words
    • Article
      Lock icon FALLS
      116 4 UOB 5.05%NCPS 100 CLOSE DOWN 9260-362.0 -3.8 ICBC Bk4.5%NCPS 100 8230-100.0 -1.2 UOB.ES.0903 921 -89.0 -8.8 ICBC Bk5.1%NCPS 100 9240 -80.0 -0.9 China H 10US 847 -74.5 -5.4 UOB 925 -74.0 -7.4 MS India 10US$ 644 -69.8 -6.5 DBS 500 729 -61.0 -7.7 lUE 1200 -50.0 -4.0 DBXT MSTaiwan
      116 words
    • Article
      Lock icon CURRENCIES
      88 4 Where S$ stands Mar 2 CHNG YR 2008/2009 CLOSE FR Feb 27 S$ LOW S$ HIGH USS 1.5540 -0.51 1.5550* 1.3457 Euro 1.9573 0.06 2.2064 1.8640 Pounds 2.2071 -0.56 2.8431 2.0356 AS 0.9862 0.38 1.3251 0.9068 Yen* 1.5958 -0.48 1.7278 1.2619 Rill liah* 0.***** -0.43 0.***** 0.***** Baht* 4.2881
      88 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      100 4 TAXf-YOVAjMTAGi: OXf ;<;■ c\:\ >\ The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for both significant gains as well as losses.
      100 words
Page thumbnail Page 5
  • COMPANY NEWS
    • Article, Illustration
      Lock icon US carriers lead 7% drop in airline stocks last month
      512 5  -  YEN SREENIVASAN SIA counter down 7.8%; lata revises up 2008 industry loss to USsBb from USssb By AIRLINE stocks continue to dive amid the slide in equity markets. The counters fell 7 per cent in February with US carriers bearing
      AFP  -  512 words
    • Article
      Lock icon Noble unlikely to repeat profit surge this year
      551 5  -  OH BOON PING COMMODITIES supply chain player Noble Group recently reported an impressive set of full-year results that saw 2008 net income more than double to US$577 million on a 54 per cent surge in revenue to US$36.l billion. A commendable set
      551 words
    • Article
      Lock icon Ocean, Sunmoon may be placed on SGX watch-list
      321 6  -  JOYCE HOOI Both posted pre-tax losses for their third consecutive financial year last week ByJ AS the dust of the earnings season settled yesterday, Ocean International and Sunmoon Food Company were the first two listed companies to warn that they might be
      321 words
    • Article
      Lock icon Healthway reports 13.4% fall in Q4 earnings
      338 6  -  CHEN HUIFEN Revenue jumps 52.8% but expenses and staff costs soar By DRAGGED down by higher expenses, Healthway Medical Corp has posted a 13.4 per cent fall in its fourth-quarter earnings, despite a 52.8 per cent jump in revenue to $24.4 million. For
      338 words
    • Article
      Lock icon More shorter-term calls from brokers emerging
      554 6  -  LYNETTE KHOO Recommendations are for periods of a day to 3 months By AS short-term directional trading differs increasingly from long-term fundamental views in a panic-stric-ken market, shorter-term trading cues have taken on more significance. In a move to provide visibility on where prices
      554 words
    • Article, Illustration
      Lock icon Swiber CEO bullish about outlook
      425 6  -  VICTOR KATHEYAS By DESPITE Swiber Holdings' fourth-quarter net loss of US$B.34 million, its chairman and chief executive officer Raymond Goh is still upbeat about the company's long-term prospects. One reason, said Mr Goh, was the securing of about US$7O million worth of contracts for installation
      FILE PHOTO  -  425 words
    • Article
      Lock icon UOB Kay Hian unit, Thai firm call off merger talks
      292 6 Reuters [BANGKOK] A Thai brokerage unit of Singapore's UOB Kay Hian Holdings Ltd and a bigger Thai rival, BFIT Securities, said yesterday they had called off talks about a merger, sending their shares tumbling. Management of the two companies had
      ■ Reuters  -  292 words
    • Article, Illustration
      Lock icon UOB shares dive 7.4% after reporting poor earnings
      260 6 Reuters SHARES of United Overseas Bank, Singapore's se-cond-largest lender, fell 7.4 per cent yesterday after brokers cut their price targets for the bank following last week's poor earnings result. Credit Suisse downgraded its rating on the bank to "neutral" from its previous
      ■ Reuters; ARTHUR LEE  -  260 words
    • COMPANY BRIEFS
      • Article
        Lock icon Yongnam gets second MCE contract
        84 6 YONGNAM Holdings has been awarded its second contract, valued around $53 million, for the new Marina Coastal Expressway. The contract is expected to have a material impact on the group's financial performance for the financial year ending Dec 31, 2009. Yongnam said that it will
        84 words
      • Article
        Lock icon F&N appoints new CFO for property arm
        81 6 FRASER and Neave yesterday said that it has appointed Chia Khong Shoong as the chief financial officer of its property arm, Frasers Centrepoint Limited. The 38-year-old Mr Chia will be responsible for all aspects of finance and management accounting for Frasers Centrepoint group.
        81 words
      • Article
        Lock icon Lower steel demand, prices hit Novo Group's Q3 results
        46 6 NOVO Group yesterday reported that net profit for the third quarter ended Jan 31, 2009 fell to U*****,000 from U552.95 million as demand and prices of steel remained low. Sales slipped 16.8 per cent to U5576.16 miUion.
        46 words
      • Article
        Lock icon Lindeteves-Jacoberg posts loss of $25m
        74 6 LINDETEVES-JACOBERG yesterday reported net loss for the full year ended Dec 31, 2008 was $25.08 million, compared with a net loss of $32.62 million the previous year. Sales however rose 7.9 per cent to $321.18 million. The improved sales were substantially contributed by Tamel, who
        74 words
      • Article
        Lock icon Darco in the red with $4.1m loss
        77 6 DARCO Water Technologies has reported a net loss of $4.1 million despite a 10 per cent rise in sales for the year ended Dec 31, 2008. Revenue for the year stood at $96 million, while net loss per share was 1.57 cents against
        77 words
      • Article
        Lock icon Dorsett Regency Hotel sues Faber Kompleks
        71 6 A CIVIL suit has been filed by Dorsett Regency Hotel (M) Sdn Bhd against Faber Kompleks Sdn Bhd (FKSB), claiming wrongful termination of its services and seeking injunctive relief, specific performance and general damages. FKSB is a wholly owned subsidiary of Prestige Properties Sdn
        71 words
    • Article, Illustration
      Lock icon SATS in position to take SFI private
      456 8  -  YEN SREENIVASAN It secures 91.5% of SFI shares; offer closes next Monday By SINGAPORE Airport Terminal Services (SATS) has accumulated enough shares in Singapore Food Industries (SFI) to de-list and privatise it. At the close of trading on Friday last week, SATS had
      FILE PHOTO  -  456 words
    • Article
      Lock icon SPH websites earn top spots in Hitwise rankings
      228 8  -  ZEINAB YUSUF By SEVERAL websites of media group Singapore Press Holdings (SPH) have earned top spots in the latest Hitwise rankings. The rankings for various categories to identify the most popular websites among Internet users in Singapore was for the fourth quarter
      228 words
    • Article, Illustration
      Lock icon Thai AIS plans to invest 60b baht on 3G over 3 years
      281 8 Reuters [BANGKOK] Thailand's top mobile phone operator, Advanced Info Service PCL (AIS), said yesterday that it could invest 60 billion baht (552.57 billion) over three years to install a third-gen-eration mobile network. "If we get a 3G licence,
      Reuters; BLOOMBERG  -  281 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      268 5 4& (jan*rn ej( Vorsprung durch Technik www.audi.com.sg /^^C^T^S"l^ v kr7 VvV Global Audi ambassador '^^^pl Ml lorenaochoa H jfj^r v£* World No. 1 women's golfer i V^\ 1 HSBC Women's Champions M \3i 2008 winner Share a winning moment with Audi and Lorena Ochoa. Order from the Last few units
      268 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      123 6 SAVE TAX l Our qualified professionals W Wfh-J can assist you with offshore 1 11 PSU|UMMwi|fMIM Hkj* structures, she f companies DSV H I^^^H and incorporations in ALL B^^-^^_/_5« jurisdictions including: WtftflffiflflßjTFSffA British Virgin Islands Cayman Islands HllklillHHuliflllflSJßSlilii^E^^l 73 Bahamas Seychelles BHUWBWB jyjn^yj|^^^^^m|^ Hongkong B^pSjmUmHMMHPH Samoa Full nominee, management, secretarial,
      123 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      434 7 Carrefour <f^> B^S CARREFOUR YELLOW TAIL I BATASIOLO K^B O K^B »1 HI KIEFFER iVfIJ BUBBLES r I MOSCATO D'ASTI SPARKLING WINE fM; 75cl B 75cl TTT? 77<1 <T^ /7S\ fHH BUI H brut rose 'utflfj Origin: Australia M m Origin: Italy WAV/ fr=-J I 1 I PLAZA SINGAPURA T
      434 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      172 8 SSBHP Strategic Partnership: Another prestigious project in- Developed By Horizon Hills Development Sdnßhd r KIIH U L /9 49,JalanBestarii/s,TamanNusaßestari, 1 *****2-") EIICAA(^) nlj^/vi/vvw Akeycomponertof ***** Johor Bahru, Johor, Malaysia. IULLi-Ktt i^S£!^ T el:+6o7 511 2282 1300 88 2282 ENRICHING LIFE M=» Deeper of Ntaioyo The World In One City WWW.hOriZOnhillS.ColTl.my
      172 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      55 8 Prestigious Business Address Panoramic city. Fountain of Wealth and sea views Integrated ancillary business facilities Units from 900 sq ft to 17,000 sq ft available to meet diverse business needs Fitted out units available Ample car parking For leasing enquiries, please call: 6825 2832/6825 2835 Owner: REFT Manager: Property Manager:
      55 words
Page thumbnail Page 9
  • SINGAPORE NEWS
    • Article
      Lock icon ExxonMobil, SRC refineries shutting for maintenance
      435 9  -  RONNIE LIM Move not due to poor margins amid demand slump, say industry sources By TWO of Singapore's three refineries are shutting down for six to eight weeks of maintenance, cutting the island's 1.4 million barrels per day (bpd) refining capacity amid continued slow
      435 words
    • Article
      Lock icon LTA awards Downtown Line contract
      165 9  -  LIEWAIQING By THE Land Transport Authority said yesterday it will award a major rail infrastructure contract to a joint venture between GS Engineering and Construction Corporation of Korea and Hock Lian Seng Infrastructure of Singapore. The $410.7 million contract is for the design and construction
      165 words
    • Article
      Lock icon Business must speak up on protectionism, financing: ABAC
      315 9  -  TEH SHI NING By THE business voice must be heard, especially on issues of trade protectionism and financing, says Singapore's Apec Business Advisory Council (ABAC). It urged the 60 members of the business community who attended a seminar yesterday, organised by ABAC
      315 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon ICMA, SIBA to work together
        61 9 THE International Capital Market Association (ICMA) and the Singapore Investment Banking Association (SIBA) will cooperate on issues concerning members in financial markets. They will share information on their respective markets, including on law and regulation; planning, development and operation of efficient trading practices and mechanisms;
        61 words
      • Article
        Lock icon DHL to sponsor SIFF 2009
        37 9 THE 22nd Singapore International Film Festival will be sponsored by DHL for the eighth consecutive year. The annual 10-day event will screen around 200 films of all genres from around the world.
        37 words
    • Article
      Lock icon Registers of electors ready for public viewing
      327 9  -  CHUANG PECK MING By REVISED Registers of Electors for all 23 constituencies in Singapore have been completed and will be open for public inspection from today until March 16, the Elections Department said yesterday. Voters can inspect the registers at the Elections Department,
      327 words
    • Article, Illustration
      Lock icon Zuellig opens $40 million Changi distribution centre
      557 9  -  CHEN HUIFEN By ZUELLIG Pharma, which is 19 per cent owned by Temasek Holdings, has opened a $40 million warehouse and distribution centre in Singapore, bucking the trend of a contraction in the overall economy. The 290,000 square foot facility in Changi will
      AFP  -  557 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      145 9 Fares shown are per person for a Business Class round trip inclusive of airport tax, insurance and fuel surcharge correct as of date of publication and may be subject to change due to currency fluctuation.Sales Period is from now to 16 April 2OO9.Travel Period is from now to 31 August
      145 words
Page thumbnail Page 10
  • SMEInc
    • Article, Illustration
      Lock icon Opening a retail store? Check the location mapping first
      730 10  -  BRITTANY KHOO By IMAGINE. You are looking for a place to open a retail store. You decide to scout for the ideal location, and trek the streets of Singapore in the unflinching sun. Or maybe you could approach your mission another
      ARTHUR LEE  -  730 words
    • Article, Illustration
      Lock icon Rentals to the rescue for KTL
      1083 10 Renting equipment to customers offsets shortfalls in other areas and lets KTL Global expand even in this recession, writes JESSICA YEO KTL Global Ltd, which supplies rigging equipment mainly to the offshore oil gas and marine industries, met the Asian financial crisis head-on in
      ARTHUR LEE  -  1,083 words
    • EMERGING ENTERPRISE
      • Article
        Lock icon Road map to success
        559 11 Top execs and a professor tell VICTOR KATHEYAS what's needed for a good business plan SOMEONE once said that "a goal without a plan is just a wish". It would be reasonable to add that a business without a plan would be a very costly failure.
        559 words
      • IMMEDIATE ACTION AND ATTITUDES TO NAVIGATE THROUGH THE CRISIS
        • Article, Illustration
          Lock icon 1 BUSINESS MODELLING
          77 11 Review if you need to re-define your business model and value proposition To gain insights into your business, understanding the operating environment is imperative. Monitor your competitors if they are cutting back on marketing expenditures, seriously consider doing the reverse. Emphasise benefits and returns on the product;
          77 words
        • Article, Illustration
          Lock icon 2 REVENUE MODELLING
          134 11 Using the 80/20 rule, chief executives need to study what accounts yield the most profits and refocus their resources on them. Revisit and strengthen relationships with their key suppliers and customers. In good times it might seem like a good strategy to provide services even to loss-making
          134 words
        • Article, Illustration
          Lock icon 3 CAPACITY MANAGEMENT
          111 11 It is bargains galore in a weak economy. Stronger companies may find that it is a good time to commit capital expenditure, taking advantage of the low demand for machinery or liquidation sales. Those who need to replace old machinery may also consider purchasing refurbished assets instead
          111 words
        • Article, Illustration
          Lock icon 4 FUNDING STRUCTURE
          94 11 When companies have a potentially lucrative project but no financing to lubricate the development to fruition, it could be useful to consider alternative financing routes. Explore the possibilities of profit and risk-sharing joint ventures and collaborations, where partnering parties each has complementary resources to execute the project.
          94 words
        • Article, Illustration
          Lock icon 5 MANAGEMENT STRUCTURE
          111 11 A downturn presents opportunities for strong companies to strengthen their HR capabilities. This includes hiring of talented leaders caught in corporate downsizing. Businesses that take care of the jobs and livelihood of employees and have employees who understand that they are responsible for the company's performance are
          111 words
        • Article, Illustration
          Lock icon 6 BUSINESS PROCESS RE-ENGINEERING
          87 11 In good times, businesses have higher threshold for inefficiencies and wastages. In a slow economy, it is crucial to streamline work processes and operating structures to eliminate wastages and duplication. Find innovative ways of delivering the output in a more cost-effective manner without compromising your fundamental
          87 words
        • Article, Illustration
          Lock icon 7 KEY PERFORMANCE INDICATORS (KPIs)
          90 11 In a downturn, businesses cannot afford to manage by gut-feel. Facts and figures don't lie and it is imperative for businesses to watch their KPIs closely and act proactively to conserve cash. Your ability to improve liquidity by sound management of working capital and gearing,
          90 words
      • Article, Illustration
        Lock icon WINNING ATTITUDES
        90 11 A downturn is never welcome nor easy on businesses. A business that adopts what we term as winning attitudes, coupled with proactive action to review and adapt, will be in a position to tap unique opportunities not available in a booming economy to navigate through the crisis and
        90 words
    • Article, Illustration
      Lock icon Small caps not the best place now
      473 12  -  TEH HOOI LING By CALL it the FibreChem Effect. Most of the cash-rich fibre manufacturers listed on Singapore Exchange were dumped as if they were radioactive toxic waste after FibreChem shares were suspended for having difficulties finalising the audit of the group's trade
      STOCK.XCHNG  -  473 words
    • Article
      Lock icon Profitability and cash flow are king
      942 12 These two elements are fundamental to business survival and success and even more vital in a downturn like the present THE global economic events we are currently witnessing will have an ongoing and profound effect on the way business is transacted. The effects of
      942 words
    • Article
      Lock icon Help available for technology innovation
      222 13 TECHNOLOGY can help businesses create new products, improve existing processes, find new ways to serve customers and develop new business models. SMEs, in particular, can benefit greatly from creative use of technology because of their small size and flexibility. Many SMEs have used this to
      222 words
    • Article, Illustration
      Lock icon Change in a coffee cup
      759 13 TECHNOLOGY INNOVATION Gold Kili has given much thought to how it makes its three-in-one coffee sachet, writes CHEN HUIFEN IN an age where a broadband connection is the norm and stem cell therapy offers new hope for treating a growing number of medical conditions, it
      ARTHUR LEE  -  759 words
    • Article, Illustration
      Lock icon Making the next leap
      538 13 THIS WEEK'S TOPIC The Pro-Enterprise Panel, which aims to cut red tape, has been around for some time. Do you think there is still room to cut red tape and if so, in which areas? Jason Ng Managing Director Grand Team Technologies Cutting red tape may
      STOCK.XCHNG  -  538 words
  • Page 10 Advertisements
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      122 11 g^^l Emerging f f w Enterprise This is your chance to give your business a powerful boost with *****,000 in cash (interest-free loan), grants and professional services endorsed by established names in the world of business. Up to three deserving SMEs stand to receive one of the year's most prestigious
      122 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      31 12 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists ofsomeofthemost influential thinkers corporate chiefs tneage f^fhKxV^^^^ k; \>%" W '4. \< X\ fe <- %\X% W"' Raffles Conversations x AcollectionfromThe Business Times Availableatallleadingbookstores
      31 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      29 13 SPRING Singapore Enabling Enterprise This is the last of a six-part series brought to you by Spring Singapore and The Business Times highlighting how SMEs are innovating through technology.
      29 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      113 13 SME The topic for next week's SME Voices Column is: "The government recently said that Singapore's GDP growth may shrink as much as 8 per cent this year. Against the backdrop of a rapidly worsening economic climate, are there changes to your business plan this year? Or is the company
      113 words
Page thumbnail Page 14
  • ECONOMY WATCH
    • Article
      Lock icon US firms trim work hours to avoid layoffs
      672 14 -NYT Salary cut costs less than layoff because there are no severance payments [ATLANTA] Recessions have a way of upending the established order of things. For decades, Americans have worked longer hours, with fewer vacations, than people in most other industrialised countries.
      -NYT  -  672 words
    • Article
      Lock icon UK jobless besiege zoo for temporary jobs
      170 14 -AP [LONDON] The jobs are temporary, at basic wages, and some involve cleaning up after zoo animals. But Britain is suffering a recession, so when the help-wanted ads appeared, about 3,000 people applied, including laid-off executives and company bosses. In fact, Twycross Zoo
      -AP  -  170 words
    • Article
      Lock icon Modest impact expected from US stimulus plan: survey
      301 14 Bloomberg [NEW YORK] The US$7B7 billion economic stimulus package will have only a "modest impact in shortening the recession", a private survey of economists showed. Just over 60 per cent of those polled in the semiannual National Association of Business Economists (NABE)
      ■ Bloomberg  -  301 words
    • Article, Illustration
      Lock icon Stabilisation measures working: BIS
      569 14 ■AFP [GENEVA] Government measures to stabilise the financial markets appear to have had some positive effect between November and February, the world's largest central banking body said yesterday. However, the impact of such massive state aid packages on budget balances is leading to intense pressure on
      ■AFP; BLOOMBERG FILE PHOTO  -  569 words
    • Article
      Lock icon Obama to sign a spending bill, breaking his campaign promise
      493 14 AP [WASHINGTON] US President Barack Obama will break a campaign pledge and sign a budget bill laden with millions in lawmakers' pet projects, administration officials said. Administration budget chief Peter Orszag and White House chief of staff Rahm Emanuel both
      AP  -  493 words
    • Article
      Lock icon South Korea's January-February exports plunge 25.6%
      455 14 Reuters Imports slump 31.4% led by raw materials and machinery [SEOUL] South Korean exports in the first two months of this year tumbled by a quarter from a year earlier, and an even sharper slump in imports suggested that the global downturn would keep
      ■ Reuters  -  455 words
    • Article
      Lock icon EU may extend helping hand to East Europe
      207 14 Reuters [BRUSSELS] European Union leaders rejected a mass bail-out of central and eastern European countries on Sunday, but held out the prospect of bringing them under the protection of the eurozone more quickly. At a summit called to bridge differences over how
      Reuters  -  207 words
Page thumbnail Page 15
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Telekom split helps neither of the entities
      541 15  -  S JAYASANKARAN TM and TMl's total market cap is nearly halved; TMI shares fall on profit fears By in Kuala Lumpur WHEN international consulting firm McKinsey proposed to Khazanah Holdings a year ago that the trick to enhancing shareholder value in Telekom Malaysia,
      BLOOMBERG  -  541 words
    • Article
      Lock icon Indonesian exports plunge 36%, worst decline in 22 years
      328 15 Reuters [JAKARTA] Indonesia's January exports fell a worse-than-expected 36 per cent, the biggest annual decline in more than 22 years, as global demand for key commodities such as palm oil and rubber slumped. The plunge in exports, coupled with weaker growth,
      — ±_ Reuters  -  328 words
    • Article
      Lock icon Biofuel plans shelved on falling crude prices
      260 15 AFP [KUALA LUMPUR] Hopes of a biofuel bonanza for Southeast Asia, raised when sky-high oil prices made the search for alternative fuels a priority, have been shelved as global fortunes and crude prices nose-dive. Back when movie stars won plaudits for driving hybrid
      AFP  -  260 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      525 15 FLY ANA to X\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 09 Travel Period: 08
      525 words
Page thumbnail Page 16
  • GREATER CHINA/INDIA
    • Article
      Lock icon PMI index gives glimmer of hope for China economy
      621 16 Reuters But analysts caution against reading too much into the data [BEIJING] A Chinese business survey provided fresh tentative evidence that a sharp downturn in manufacturing in the world's third-largest economy may be nearing a bottom, though it continues to contract
      ■ Reuters  -  621 words
    • Article, Illustration
      Lock icon Slumdog brings Hollywood closer to Bollywood
      646 16 Reuters [MUMBAI] The largely Indian cast and crew of Slumdog Millionaire who gleefully stormed the stage at the Academy Awards signalled a closer nexus between the world's biggest movie industries, with experts hoping for a happy ending. India, home to the world's most prolific
      – Reuters; REUTERS  -  646 words
    • Article
      Lock icon Delhi to allow Chinese toys that are certified safe
      239 16 Reuters [NEW DELHI] India yesterday relaxed a ban on the import of toys from China to allow shipments certified by global safety agencies, weeks after the government had imposed wide-ranging curbs for six months citing public safety. In February, India's trade
      Reuters  -  239 words
    • Article
      Lock icon Plunge in India exports steepest in 10 years
      521 16 Bloomberg Jan shipments dive 16% as recession cuts global demand [NEW DELHI] India's exports plunged the most in a decade in January as the global recession damped demand for the nation's goods. Merchandise shipments dropped 16 per cent to U5512.38 billion from
      – Bloomberg  -  521 words
    • Article
      Lock icon Food security grim after scandals: Beijing
      391 16 Reuters [BEIJING] China said yesterday that food security remains "grim" after a series of health scandals, the most recent being last year's tainted milk formula which killed at least six toddlers and made almost 300,000 sick. A new food safety law, approved last Saturday
      Reuters  -  391 words
    • Article, Illustration
      Lock icon Bidder won't pay for Chinese relics in protest
      611 16 AP [BEIJING] A Chinese man said yesterday that he was the mystery collector behind winning bids for two imperial bronzes auctioned at Christie's over Beijing's objections, and that he made the bogus offers to protest any sale of the looted relics. Auction
      AP  -  611 words
Page thumbnail Page 17
  • WORLD
    • Article
      Lock icon Consumer spending up, unlikely to ast
      592 17 AP LATEST US DATA Increase driven by a 1.3% rise in purchases of food, non-durable goods [WASHINGTON] US consumer spending rose in January after falling for a record six straight months, pushed higher lay purchases of food and other nondurable items. But the increase
      AP  -  592 words
    • Article
      Lock icon Uphill battle for AlG's chief restructuring officer
      541 17 Reuters [NEW YORK] Paula Rosput Reynolds has a job that would daunt some of the most experienced Wall Street veterans restructuring American International Group by selling assets in the midst of a severe credit crunch. Ms Reynolds, 52, was appointed AlG's chief restructuring
      – Reuters  -  541 words
    • Article, Illustration
      Lock icon Moffett quits as CEO of Freddie Mac
      248 17 -AP [WASHINGTON] The top executive of Freddie Mac is quitting after less than six months on the job as the company continues to bleed from mortgage losses and plans to ask the government for up to US$35 billion in additional aid. Freddie Mac
      -AP; BLOOMBERG  -  248 words
    • Article
      Lock icon Cost of insuring US stock losses doubles
      468 17 Option price signals bear market may last 2 more years [NEW YORK] Options investors are paying twice this decade's average to protect against losses in US stocks through 2011, signalling that the bear market that already wiped out US$lO.4 trillion of equity value
      Bloomberg  -  468 words
    • Article, Illustration
      Lock icon Michelin guide marks century, honours Ramsay
      503 17 ■AFP [PARIS] The Michelin restaurant guide marked its 100 th edition yesterday with honours for one of President Nicolas Sarkozy's favourite hotels and for British celebrity chef Gordon Ramsay's first French adventure. Only one kitchen joined the elite ranks of those adorned with Michelin's
      ■AFP; AFP  -  503 words
    • Article
      Lock icon UBS to hike pay, cut bonus
      336 17 -NYT [LONDON] A pay rise may be the last thing a bank is expected to offer these days. But Swiss bank ÜBS is doing exactly that as it looks for new ways to compensate its investment bankers, two people who have been briefed on
      -NYT  -  336 words
Page thumbnail Page 18
  • EDITORIAL & OPINION
    • Article
      Lock icon Poor show in reporting Q4 earnings
      442 18 THE fourth-quarter earnings season has, expectedly, not been pretty. But what is of greater concern is that the principles of good corporate disclosure and transparency appear to have been pushed aside by a significant number of companies as conditions soured. If timely and detailed
      442 words
    • Article, Illustration
      Lock icon The doomsayer who got it right
      1281 18  -  EDWARD CHANCELLOR Michael Panzner's predictions in Financial Armageddon have come true two years later By THE least useful investment books are those which describe either extremely bright or very dark outcomes for the markets. The quality of predictions from both types tends to be
      AFP  -  1,281 words
    • Article, Illustration
      Lock icon Revenge of the savings glut – or what led to the crisis
      797 18  - Revenge of the savings glut or what led to the crisis PAUL KRUGMAN ■NYT THE BOTTOM LINE REMEMBER the good old days, when we used to talk about the "sub-prime crisis" and some even thought that this crisis could be "contained"? Oh, the nostalgia! Today, we know that sub-prime lending
      ■NYT  -  797 words
    • Article, Illustration
      Lock icon Change that will cost a fortune
      1384 19  -  LEON HADAR Obama will face huge political and legislative obstacles in garnering support for his three dramatic policy proposals A FEW days after the historic 2008 presidential election and in the midst of the worst economic downturn in American history since the Great Depression
      AP  -  1,384 words
    • Article, Illustration
      Lock icon Three questions to face in a recession
      838 19  -  CHARLES ORMISTON and DARRELL RIGBY By A TROPICAL storm viewed from a weather satellite looks more or less uniform, as if it is affecting every area it touches with equal force. On the ground, the picture is different. One home loses its roof
      AP  -  838 words
Page thumbnail Page 19
Page thumbnail Page 20
  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Kuehne to up Hapag stake in long term
      575 20 Reuters HAPAG-LLOYD He agrees to take smaller stake in the container shipping unit than planned [FRANKFURT] Investor Klaus-Michael Kuehne intends to raise his stake in Hapag-Lloyd over the long term, he told Reuters on Friday last week, after agreeing to take a
      Reuters  -  575 words
    • Article
      Lock icon TUI to cut debt after Hapag stake sale
      273 20 Bloomberg [DUSSELDORF] TUI AG said investments in its Hapag-Lloyd shipping line will be scrapped this year, a day after the company renegotiated the sale of the business to a Ham-burg-based investment group. TUI, the owner of Europe's biggest travel company, will also
      – Bloomberg  -  273 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        102 20 '000 1§l CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.24 0.17 0.68 0.30 0.49 0.34 0.04 ....unch
        102 words
      • Article
        Lock icon KLSE
        37 20 '000 lar Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings unch 8.45 8.60 2.83 2.67 0.02 0.08 unch -0.10 0.15 -0.02 0.01 unch unch 0 70 602 1069 222 205 191
        37 words
      • Article
        Lock icon BANGKOK
        13 20 ■oo lar 'recious Ship Regional Cont .9.80 .5.50 -0.80 -0.50 6759 478
        13 words
      • Article
        Lock icon HONGKONG
        12 20 '000 lar Doil iingamas Cont .17.10 ...0.76 -0.90 unch 809 0
        12 words
      • Article
        Lock icon PHILIPPINES
        24 20 '000 lar 'eso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.50 10.25 unch unch unch -0.25 unch unch 4306 922 0 0
        24 words
      • Article
        Lock icon TAIPEI
        27 20 lar 2 NT! Vol Evergreen Marine ...12.95 :irst Steamship 32.70 /Van Hai Lines 12.90 t'ang Ming Marine ....8.91 -0.35 -1.10 -0.40 -0.06 7 4 2 8
        27 words
      • Article
        Lock icon TOKYO
        40 20 '000 lar 'en <awasakiHvylnd...164.00 -7.00 ***** (awasaki Kisen 299.00 -14.00 7098 Mitsubishi Hvy 275.00 -3.00 ***** Mitsui Eng&Sbldg ..138.00 -6.00 6682 Mitsui Osk Lines ....484.00 -22.00 ***** Mippon Express 278.00 -6.00 3175 MipponYusen 392.00 -18.00 9118 source: Thomson Reuters
        40 words
    • Article
      Lock icon AirAsia expects new routes to do well
      165 20 Bernama [SINGAPORE] Air Asia expects its new routes between Singapore and four Indonesian cities to do well, judging from the over 50,000 seats snapped up during its six-day promotion sale last week despite the current gloomy economic conditions. From this March 24, the
      – Bernama  -  165 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2598 20 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co(BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bourag Airlines (BOU), BR EVA
      2,598 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      186 20 BT/ZUJI Deals of the Week [F/mK t=^ p DEAL OF THE WEEK ECONOMY CLASS (fr HOTEL(fr$)l BUSINESS CLASS PACKAGE (frs) (Flight 4 star hotel) JclKcirtcl $192 Garuda Indonesia $63 3D2N $568Garuda Indonesia DESTINATION ECONOMY CLASS HOTEL BUSINESS CLASS PACKAGE (frs) WEATHER (frs) (frs) (Flight+ 4 star hotel) Kuala Lumpur $139
      186 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      358 20 CRYPTIC CROSSWORD ACROSS marriage (3,7) i 111 II 6 Back entrance? Makes one I cross! (4) __BH__HH_HH_—HH__JHI Hj_^H_ 10 Struggles with moral II! weaknesses, losing heart (4) 75""^ m^^ 13 Gather, if missing from fi- 814B 14 I I nal, to be blessed (8) 15 Meal on wheels requested at
      358 words
Page thumbnail Page 21
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8800 21 Transaction date: Mar 2 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Yld Net COOP) High Low Buyer Seller C'vr P/E M Cap Sinil Company 9 3 3148 8Telecom 12 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABRHIdgs
      8,800 words
    • Article
      Lock icon SGX CATALIST
      1837 22 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
      1,837 words
    • Article
      Lock icon SGX XTRANET
      110 22 52-Wk Tel Hiqh Low Code Last Sale Vol Cooo) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _Hm 1830 1830 DBXTFTChina25 10US$ 931 850 DBXTMSTaiwan 10US$ DBXT Nifty 10US$ 9143 8540 DBXT SSP Short 10US$ ***** ***** 6065 Diamonds 6200 6200
      110 words
    • Article
      Lock icon CLOB INTERNATIONAL
      72 22 52-Wk Tel High Low Code Last Sale Vol COOP) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E Smil Comi lair Hii 84.5 22 6000 AVJennings 11 4 6134 Over&Gen 24.5 6 6017 StarCruises 248 103 6019 TanChonglnt A22 -3 A8 US7 -0.5 HK112cd
      72 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9290 22 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.376/ AIGIF Spore Bond Fund/A 1.198/ 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 0.5431/ APS Komaba Global
      9,290 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      25 21 yIIIDFMARSIPTriIFT Im&^&^LM R LI p L.n"~-^i r ii g iiir i EDWARD PIGUET COLLECTION I P^^^ f IIW// For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com
      25 words
Page thumbnail Page 22
Page thumbnail Page 23
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      368 23 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Feb27 World Index Preliminary 575.4 -0.7 -15.1 -0.3 -11.8 -1.0 -17.1 EAFE Preliminai 560.0 -0.7 -13.7 -0.3 -13.5 -1.0 -19.4 Euroi Prelim inan 774.1 -1.8
      368 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 23 As at 9am Mar 2 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9730 1.0290 .an dollar 1.2050 1.2200 Euro 1.9400 1.9620 NZ dollar 0.7570 0.7730 iterlini ind 2.1930 2.2180 US dollar 1.5430 1.5600 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      175 23 Mar 2 Offer Bid Overnight 1/8 1-monfli 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.28 US$ Offer 1/16 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0 40 0.60 1.10 1.50 2 40 2.50 Offer 0.30 0.50
      175 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 23 Mar 2 ten Jii Sett >TI ilMSCI Mar 188.1 189.4 184.1 'aiwan Mar 166.7 170.1 164.3 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Mar 2 SS Bid Offer 1-month 1.5515 1.5532 2-months 1.5512 1.5530 3-months 1.5507 1.5527 6-months 1.5500 1.5520 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      61 23 Mar 2 Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low Mar 09 1920 1924 1938 1919 644 2238 Apr 09 1890 1900 1915 1889 2034 ***** May 09 1881 1871 1904 1868 7813 ***** JunO9 1874 1851 1885 1850 3304 ***** Total
      61 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      306 23 Mar 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.7075 98.7050 98.6450 98.4950 9642 7822 5937 2224 EUROYEN TIBOR FUTURES MarO9 99.315 99.315 JunO9 99.360 99.360 SepO9 99.440 99.440 DecO9 99.455 99.455 Mar10 Jun10 Sep10 Dec10 99.315 99.360 99.440 99.430 99.315 99.375
      306 words
    • Article
      Lock icon SICOM FUTURES
      190 23 Mar 2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Apr 09 138.0 May 09 JunO9 Jul 09 138.5 AugO9 136.5 SepO9 136.2 138.0 136.5 136.0 136.2 138.0 138.0 138.0 136.5 135.5 135.3 20 330 28 20 999 814
      190 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 23 Mar 2 Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****W 04.06.09 1-Year BY*****V 02.11.09 0.35 0.44 0.34 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000
      88 words
    • Article
      Lock icon CHICAGO BOT
      101 23 Fab 27 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 874.50 869.25 879.25 851.00 May 09 872.00 868.50 877.00 849.00 Jul 09 875.00 873.25 879.75 853.75 Aug 09 864.50 866.50 868.50 850.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 30.85 31.64 31.66 30.92
      101 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 23 CRUDE OIL PRODUCTS Feb27 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 44.91 -0.93 WTI (Near Mth) 44.29 -0.30 Dubai (1-Mth F) 44.58 0.84 Tapis blend 50.85 1.05 Minas 47.20 1.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 47.10 51.50 0.65 -0.20 US$/barrel US! Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      463 23 Mar 2 AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.812 4.346 0.504 4.927 32.831 76.282 0.618 10.010 2.366 1.286 50.812 31.146 0.986 6.573 0.745 22.338 23.008 0.446 0.635 Canada 1.232 5.354 0.621 6.069
      463 words
    • Article
      Lock icon SIBOR
      77 23 Mar 2 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 2.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 1.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
      77 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      148 23 Man Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 0.9850 0.9868 0.6349 0.6354 Canadian dollar 1.2135 1.2154 0.7822 0.7826 luro 1.9538 1.9563 1.2593 1.2596 IZ dollar 0.7657 0.7672 0.4935 0.4940 Sterlinc 2.2098 2.2129 1.4243 1.4248 IS dollar 1.5515 1.5531 >$IUS$ to
      148 words
    • Article
      Lock icon PRECIOUS METALS
      139 23 Mar 2 GOLD (USS/oz) Feb27 Mar 02 Hong Kong London 939.90 951.50 940.90 952.50 Feb26 Feb27 936.70 951.20 938.70 952.80 Source: Thomson Reuters CAST BAR (S$) Mar 02 Buying Sellini Kilobar "50,651.66" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1
      139 words
    • Article
      Lock icon LONDON METALS
      63 23 Feb27 luminium, 99.7°/ jrity (US$/tonne) Co Close Previous :ash 1308.50 months 1342.00 1329.75 1364.00 Copper, Grade A (US$/tonne) :ash months 3421.50 3449.00 3471.00 3500.00 .ead (US$/tonne) :ash 1035.75 months 1046.00 1033.00 1044.00 lickel (US$/tonne) :ash months 9926.00 9980.00 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00
      63 words
    • Article
      Lock icon LIFFE
      70 23 Feb27 COCOA (Btonne) Close Prev Hii ih/Low Mar 09 1844 1830 1853/1828 Jan 05 1803 1785 1812/1779 Jul 09 1764 1752 1767/1748 SepO9 1746 1730 1750/1728 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1543 1557 1552/1527 May 09 1559 1572 1567/1535 SUGAR (US tonne) White Close Prev High/Low May
      70 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2277 23 BONDS, WARRANTS EXTENDED SETTLEMENT Pel 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 1 17 156 1.50 1 87 1844 9.00 41 17 )092 Asia Environment W*****4 0.5 1 38 250
      2,277 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      2794 24 m The Business Times Shipping Times Direc! Calling to TWTPE every Saturday i UKCO™Iir EBV'CE 1 I U-^S^ 1 with effect from 28 Feb 2009. RTM/ANR/TIL Transit Time ex Sin 6 days Only. Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination Destination THinn KFFIIINfi
      2,794 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      3984 25 PI n IFlri EASTERN CAR LINER, LTD I E^SJQDBIU U—^_—l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS [B^J IWSBSMMM^^^^M VOY I Romp(KT) I LillinqlKT, I SIN I PKL I KUC I LCB I )KT I SUR I vo! (IA (ID DiSImAMN PCL/PHL SERVICE AMX SERVICE I Connecting ECL Svc
      3,984 words
Page thumbnail Page 26
  • PROPERTY
    • Article
      Lock icon UK under pressure to shore up housing, home owners
      505 26  -  JANE MOIR Mortgage arrears, repossessions seen rising in 2009 as help schemes kick in By in London THE British authorities are under growing pressure to support the property market and offer respite to distressed home owners, as repossessions already at a
      505 words
    • Article
      Lock icon Northern Rock lending plan raises eyebrows
      507 26  -  JANE MOIR By in London THE British government is poised to ban excessive bank lending policies such as 100 per cent mortgages, but has run into controversial territory as bailed-out lender Northern Rock plans to relaunch home loans of up to 90 per cent.
      507 words
    • Article, Illustration
      Lock icon British home prices slide 10%
      340 26 Bloomberg [LONDON] UK house prices fell the most since at least 2001 last month as rising unemployment and a dearth of loans discouraged buyers, Hometrack Ltd said. The average cost of a home in England and Wales declined 10 per cent from a year earlier
      Bloomberg; BLOOMBERG  -  340 words
    • Article, Illustration
      Lock icon S'pore office rents fall sharpest in Asia
      512 27  -  ARTHUR SIM Landlords here more defensive, tenant retention given priority: CBRE report By [SINGAPORE] Office rents for Grade A/Prime space in Singapore fell a steep 14 per cent in Q4OB on a year-on-year (yoy) basis, the sharpest fall in Asia. In Tokyo, office
      BLOOMBERG  -  512 words
    • Article
      Lock icon Morgan Stanley hit by China land deals scandal
      844 27 NYT USs77sm paid for stake in resort project under probe [SHANGHAI] Since the height of China's property boom, Morgan Stanley's huge real estate deals here have been the envy of the industry. Then scandal hit. Last month, with property prices here and
      NYT  -  844 words
    • Article
      Lock icon China developers seen defaulting on debts this year
      200 27 Bloomberg [HONG KONG] Some of China's largest real estate developers may be at risk of defaulting on their debt this year because of liquidity problems and a "challenging" environment, according to Standard Poor's. "If, as seems probable, the real estate market remains
      Bloomberg  -  200 words
    • Article
      Lock icon Stock market, politics weigh on Malaysian property
      582 27  -  PAULINE NG CEOs assess outlook for this year in a survey By in Kuala Lumpur THE two biggest dampeners threatening Malaysia's property market this year are the country's moribund stock market and political uncertainty, a survey of chief executives has found. Unemployment is
      582 words
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      235 26 1 ZAP HERE for the latest property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word 'Zap sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software (located either in "Games" or "Applications"
      235 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 2
      121 26 2E^ Xfiiff ELEVEN OF AUSTRALIA'S LEADING RESORTS AND LODGES AVAILABLE INDIVIDUALLY, IN GROUPS, OR IN-ONE-LINE Located in some of Australia's most pristine natural settings, these globally acclaimed iconic resorts and lodges each offer a unique guest experience. With high barriers to entry, vacant possession of management and significant development potential
      121 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      47 27 HP'VHpPfIHHH 8 Tagore Drive Lane S ze 92,664-sqft or 20,000sqft onwards Ideal for staff accommodation -For up to 100 staff Plot Ratio 2.0 ißn bR99 Good condition > Spacious Zone Business 1 kmEfHKAJ Pool/Lift/Carpark ISROA fl-fOO I*™" -Publicbuses 0534 01Z3 1 2 year lease I bsw*p»im *****636 *****301
      47 words
    • Advertisement
      Lock icon Page 27 Advertisements Column 2
      556 27 a mats ITiTTTTffiffITTTm F^PVUPffMVPPV GOOD CLASS BUNGALOW I In the Matter of The Companies Act, Cap 50 V*i'Pm^^v-!-- -i jmBB Company No. *****6430 D Land SJZG. 1 5,200 Sqft (l;S:^SE onl Within Ikm from Henry H f-J NOTICE IS HEREBY GIVEN that the Final Meeting of Members and Creditors of
      556 words
Page thumbnail Page 28
  • INDUSTRIAL SPACE
    • Article, Illustration
      Lock icon Flying high with Seletar makeover
      888 28 Training institutions will make Seletar Aero+sPace a regional aviation campus, reports EMILYN YAP TUCKED in the north-eastern corner of Singapore, Seletar Airport's humble appearance belies its grand beginnings. Built just before World War 11, it is the country's first international civil airport and it has
      888 words
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      137 28 So, how does a big idea fly? SffifiESS,, Park Seletar Aero+sPace will be a dedicated aerospace park designed to strengthen Singapore's position in the aerospace industry. Its integrated environment will enhance the comprehensive facilities currently enjoyed by world-class aerospace companies in Singapore. It will be the perfect launch pad for
      137 words
    • Advertisement
      Lock icon Page 28 Advertisements Column 2
      8 28 This series is brought to you by Corporation
      8 words