The Business Times, 2 January 2008

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Microfilm: NL28804
Total Pages: 24
1 24 The Business Times
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  • Title Section
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    27 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Wednesday, January 2,2008
    27 words
  • Article, Illustration
    Lock icon Analysts hoist red flag over greenback
    853 1  -  LARRY WEE Currency watchers look into the new year, and see more selling pressure on the US dollar By [SINGAPORE] The US dollar will face more selling pressure in the early months of 2008, say traders and strategists. And the greenback's losses could even
    853 words
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      1 1 8"*****1"*****4'
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      41 1 IrfySS^Ww F1 SERVICED |;tJK>/<%? CURRENCY S'PORE BANKS The relentless pursuit APARTMENTS J-Indian rupee What to expect irpHinL^^^ of marketing dollars Tax ruling cheers operators "**.-y **~Jjfi sparkles in 2008 Ift*^ PAGE 24 PAGE 2 Sri^fc PAGE 9 PAGE 4 a- flfetVi
      41 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Bombs, security fears mar revelry as world greets 2008
      496 2 ■AFP NEW YORK] Millions staged midnight parties at iconic andmarks around the world to ring in 2008, but bomb ittacks and security fears quickly darkened New Year festivities in places. In New York, hundreds of thousands of revellers crowded the fabled
      ■AFP; REUTERS  -  496 words
    • Article
      Lock icon Ruling on rental income cheers serviced apartment operators
      507 2  -  YEN SREENIVASAN But IRAS files appeal with High Court against tax review board's ruling By [SINGAPORE] In a landmark decision, the Income Tax Board of Review has ruled that a serviced apartment operator's rental income should be treated as normal recurrent business
      507 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon SIA deal too cheaply priced, says Air China's parent
        97 2 AIR China's parent called yesterday a US$920 million investment by Singapore Airlines in rival carrier China Eastern Airlines unfair and too cheaply priced, suggesting the aviation firm will vote against the impending acquisition. In the first formal expression of its views,
        97 words
      • Article
        Lock icon Will investors' confidence in bank stocks improve this year?
        71 2 WITH 2007 behind them, investors in the Singapore-listed banks will be closely watching developments in the next few weeks to see what 2008 has in store. Analysts expect core lending to continue to do well, given strong loans growth so far.
        71 words
      • Article
        Lock icon Suntec COO takes over as chief executive
        54 2 SUNTEC Singapore has appointed chief operating officer Pieter Idenburg as its chief executive officer from Jan 1. Warren Buckley, CEO since 2001, stepped down at the end of December to return to his native Canada as chief executive of Vancouver's BC Pavilion Corporation.
        54 words
      • Article
        Lock icon Baby bust – Japan counts the numbers
        76 2 Baby bust Japan counts the numbers JAPAN is expected to report fewer babies born in 2007, a government report said yesterday, kicking off the new year with a bleak reminder of the long-term risks the economy faces as Japan's population ages at an unprecedented pace. The country's rock-bottom birth rate
        76 words
      • Article
        Lock icon KL stock market looks poised for volatile times
        79 2 THE Malaysian stock market is expected to experience a volatile phase this year following the fallout from the sub-prime mortgage crisis which has not been fully resolved in the United States, according to the Malaysian Investors Association. Its president, PHS Lim, said
        79 words
      • Article
        Lock icon Up to 25% of Taiwan bourse for sale to foreign exchanges
        82 2 TAIWAN'S stock exchange, operator of Asia's seventh-biggest equities market, plans to sell as much as 25 per cent of itself to overseas bourses including the New York Stock Exchange and Deutsche Boerse AG, said chairman Wu Rong-I. Taiwan Stock
        82 words
      • Article
        Lock icon Rupee chalks up biggest annual gain in over 3 decades
        105 2 INDIA'S rupee rose 12.3 per cent last year, its biggest annual gain in at least 34 years as equity purchases by global funds reached a record. The currency climbed to the highest in almost a decade in November as the
        105 words
    • Article
      Lock icon SIA deal unfair, says Air China parent
      348 3 Reuters It urges China Eastern, SIA and Temasek to return to negotiating table [HONG KONG] Air China's parent has described a US$92O million investment by Singapore Airlines in rival carrier China Eastern Airlines as being unfair and too cheaply priced, suggesting the aviation
      ■ Reuters  -  348 words
    • Article, Illustration
      Lock icon Dow stumbles but is still up 6% on year
      801 3 AP Thanks to H1 surge, it ekes out gain even after worst Q4 drop in 20 years [NEW YORK] Wall Street ended a painful year with another steep loss on Monday as investors glumly anticipated that 2008 would see a continuation
      AP  -  801 words
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      101 2 *y i*■ lm mV 1 Zap the code below and stand a chance to win a free pass to St. James I Power Station on sth January 2008. What's more, each pass admits three of your friends on the same day plus a complimentary bottle of Greepoint Brut. Only 25
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      13 2 naanlo Give yourself Hu«>lmU? a break. WOI"K call us. www.thepeopleatwork.com Asia-Pacific Executive Search
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      24 2 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES H
      24 words
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  • Page 3 Advertisements
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      73 3 llVlUKtlljftllHcfl S^( v>? If you are facing any of the following: Slow network or Internet access in your office Concern over the confidentiality and integrity of your data Failure to send/receive emails from important contacts Loss of productivity as a result of virus or spam attacks Uncertainty on security when
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      2557 3 rm WEARNES WBL CORPORATION LIMITED Enabling Solutions (incorporated in Singapore) (Company Registration Number: *****0028Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 93rd Annual General Meeting of the stockholders of WBL Corporation Limited will be held at 65 Chulia Street #50-00, OCBC Centre, Singapore *****3 on Thursday,
      2,557 words
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  • COMPANY NEWS
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      104 4 T^ll y [*j^l| I A |W A R N I N <i nMHII RADIO HEART WKBZ MkE55fUH| |/B\| ABKhR/tnH! ■fflH^p"" NEW YEAR. V s™* jfl |^k(£ NEW CREW. Um>v^? new music. s4 £J |p7. NEW CHOICE. ?Sn g \O, l WEDDING TUNE IN NOW! I/is1' ls-W< ,DiflS ENJOY THE DIFFERENCE.
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Art meets finance at DBS Shenton Way
      361 5  -  ARTHUR LEE Main branch gets new look with refurbished ground floor, basement By FOR customers visiting DBS's newly refurbished banking hall at Shenton Way for the first time, there's a pleasant little surprise. Step off the escalator at the basement and you will
      ARTHUR LEE  -  361 words
    • Article, Illustration
      Lock icon Suntec COO takes over as chief executive
      258 5  -  VINCENT WEE By SUNTEC Singapore has appointed chief operating officer Pieter Idenburg as its chief executive officer from Jan 1. Warren Buckley, CEO since 2001, stepped down at the end of December to return to his native Canada as chief executive of Vancouver's
      258 words
  • Page 5 Advertisements
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      1639 5 ffl f| TECHNICS OIL GAS LIMITED technics J Registration No. *****5249E nnr (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 72 Loyang Way, Singapore *****2 on Friday, 18 January 2008 at 9.30 a.m. to transact the following businesses: ORDINARY
      1,639 words
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  • ECONOMY WATCH
    • Article
      Lock icon It takes a lot of green to go green
      951 6  -  WARREN BROWN We'll guzzle petrol and recycle paper and plastic just like we've always done By [NEW YORK] It's time to make a few bets. They are written here to determine the accuracy of my prognostications at the end of 2008.
      951 words
    • Article, Illustration
      Lock icon Baby bust – Japan counts the numbers
      401 6 Baby bust Japan counts the numbers Country reminded again of implications of its low birth rate [TOKYO] Japan is expected to report fewer babies born in 2007, a government report said yesterday, kicking off the new year with a bleak reminder of the longterm risks the economy faces as Japan's
      AFP  -  401 words
    • Article
      Lock icon Brazilian economy at its most robust in 25 years
      753 6 LAT-WP With 5.3% growth, it may have turned corner to stability [SAO JOSE DOS CAMPOS, Brazil] For years, the joke in this country was that Brazil's economy was the economy of the future. The morose punchline, of course, was that the
      LAT-WP  -  753 words
    • Article
      Lock icon S Korea lowers forecast, cites oil, slowing exports
      475 6 Bloomberg [GWACHEON, South Korea] South Korea's Finance Ministry lowered this year's economic growth forecast to take account of higher oil prices and the likelihood of slowing exports. The US$BB7 billion economy will expand at a "upper 4 per cent" pace in 2008,
      Bloomberg  -  475 words
    • Article, Illustration
      Lock icon Cyprus, Malta bring euro nations to 15
      339 6 -AP [NICOSIA, Cyprus] EU newcomers Cyprus and Malta adopted the euro yesterday, bringing to 15 the number of countries using the currency with increasing clout over the slumping US dollar. The Mediterranean islands, both former British colonies, scrapped the Cyprus pound and Maltese
      -AP; AFP  -  339 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KL stock market looks poised for volatile times
      384 7 US sub-prime crisis will continue to hit markets, says investors' group [PUTRAJAYA] The Malaysian stock market is expected to experience a volatile phase this year following the fallout from the sub-prime mortgage crisis which has not been fully resolved in the United
      384 words
    • Article, Illustration
      Lock icon Health minister admits he is man in sex video
      379 7 Bernama [LABIS, Malaysia] MCA vice-president and Health Minister Chua Soi Lek yesterday admitted that he was the man captured on tape engaging in sex with a woman, copies of which were widely distributed in Johor. Despite his admission, Dr Chua maintained
      Bernama; FILE PHOTO  -  379 words
    • Article, Illustration
      Lock icon Yudhoyono expects 2008 to be a better year for Indonesia
      173 7 Xinhua [JAKARTA] Indonesian President Susilo Bambang Yudhoyono said the new year will be better than 2007 as the country's development is on the right track. "If we look into the future in a positive way, be in true unity and
      Xinhua; AFP  -  173 words
    • Article
      Lock icon Bahrain bank to set up M'sian unit
      217 7 Reuters [KUALA LUMPUR] Bah-rain-based Unicorn Investment Bank is setting up an Islamic banking unit in Malaysia after being the first foreign bank to be given a licence under a new initiative, newspapers reported yesterday. Unicorn recently obtained the licence from the central bank
      Reuters  -  217 words
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      26 7 Organised by: Supported by: Partners: Supporting partners: The Business Times 88 SS? ogerson wiibh* aon— 4F\- $w* IL. WJ»JIIVLiJ»J I lIVILhJ crtiwiiSßi,.—* i.MAGE International ««•«»■<****><>« EXCHANGE clSlmaiwre
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China welcomes Olympic year
      652 8 -AP Beijingers celebrate at Millennium Monument with fireworks, dancing [BEIJING] China kick-start-ed its Olympic year with a New Year party on Monday with the country's biggest medal hope on hand to watch fireworks, singing and dancing at a countdown party. The party, put on by the
      -AP; REUTERS  -  652 words
    • Article
      Lock icon US warns against use of Chinese supplements with Viagra compound
      243 8 -AFP [WASHINGTON] The US drug safety watchdog warned on Monday on its website that several Chinese-made "dietary supplements" contain the active ingredient found in Viagra, and could be harmful to consumers. "The US Food and Drug Administration (FDA) is advising
      -AFP  -  243 words
    • Article
      Lock icon Up to 25% of Taiwan bourse for sale to foreign exchanges
      543 8 Bloomberg Talks initiated but deal likely only near listing in late 2008 [TAIPEI] Taiwan's stock exchange, operator of Asia's seventh-biggest equities market, plans to sell as much as 25 per cent of itself to overseas bourses including the New
      – Bloomberg  -  543 words
    • Article, Illustration
      Lock icon China Devt Bank gets US$20b capital boost
      380 8 Reuters [BEIJING] China on Monday announced a US$2O billion capital injection into China Development Bank, one of the country's three policy lenders, as part of a long-planned transformation of the state-owned company into a commercial bank. The move is likely to result in
      – Reuters; AP  -  380 words
    • Article
      Lock icon New labour law to give workers more rights, raise costs for firms
      348 8 Bloomberg [HONG KONG] China was to introduce yesterday a new labour law that enhances rights for the nation's workers, including open-ended work contracts and severance pay. "The government is making the most concerted effort to protect workers' rights
      Bloomberg  -  348 words
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      1005 8 THFroJpAMl^lr^rAp™ I IN THE MATTER OF I THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 AND ANn GOLDSCHMIDT CHEMICAL SOUTH EAST IN THE MATTER OF ASIA PTE LTD UNSWASIA IN THE MATTER OF (IN VOLUNTARY WINDING-UP) (IN MEMBERS' VOLUNTARY MALINDOPACIFIC SHIPPING Ulmmi Registration
      1,005 words
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  • INDIA
    • Article, Illustration
      Lock icon Rupee chalks up biggest annual gain in over 3 decades
      507 9 Bloomberg 'The strong economic fundamentals are key and I think they will keep the sentiment in favour of the rupee for a while/ Parthasarathi Mukherjee, treasurer at Axis Bank Ltd in Mumbai It's the second-best performer among 15 most-traded currencies
      – Bloomberg; BLOOMBERG  -  507 words
    • Article, Illustration
      Lock icon Specialised tours are in
      584 9 The Economic Times Music cruises and such are getting popular with Indians [PUNE] Mere trips to Singapore and Thailand or for that matter even London, Paris and Rome are no longer good enough for the great Indian traveller who is now looking at specialised tours like
      The Economic Times; FILE PHOTO  -  584 words
    • Article
      Lock icon Sonia Gandhi hospitalised with chest infection
      147 9 -AP [NEW DELHI] Sonia Gandhi, the head of India's ruling Congress party, was admitted to a New Delhi hospital with a chest infection, a hospital official said yesterday. Mrs Gandhi, 61, was in stable condition after checking in with mild breathing problems late on
      -AP  -  147 words
    • Article
      Lock icon India energy sector needs US$150b investment: report
      400 9  -  SIDDHARTH By: SRIVASTAVA in New Delhi INDIA'S energy sector requires investments of US$l2O-150 billion over the next five years to meet growing demand, a joint study by KPMG and the Confederation of Indian Industries (CII) has found. Such substantial capital can only be
      400 words
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      96 9 We train so many m Goodness, no. people that we Never again '~om4o+ aye t0 create would I run for tjf yy restaurants for q^\ president of the |ft) j them. United States. MM .^ETTiMW»t«ETftft* J&^ I'm quite clear about the uselessness of nostalgia. I Wo^ m^ live fully in
      96 words
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  • FOCUS: NEW MANAGEMENT MANTRA
    • Article, Illustration
      Lock icon Smaller's the option for big conglomerates
      1470 10 -NYT n 2007, some top US companies sold off whole divisions to focus on core businesses [NEW YORK] Bigger is better, right? Not so fast. Corporate America appears to have had second thoughts in 2007. Frank Blake, who replaced Robert Nardelli as chief executive
      * -NYT; PHOTOS: BLOOMBERG; PHOTOS: AP, BLOOMBERG  -  1,470 words
    • Article
      Lock icon HSBC sells US tax advisory unit to management
      186 10 Bloomberg [NEW YORK] HSBC Holdings, Europe's biggest bank by market value, sold its US tax advisory division to the unit's management for U5565.9 million in cash and deferred notes. HSBC will receive US$5 million in cash and deferred notes with a principal
      – Bloomberg  -  186 words
  • Page 10 Advertisements
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      23 10 GOOD GAINS MATS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. notices
      23 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Six Gulf Arab states launch common market
      502 11 AFP Grouping says move will boost member states' position in free-trade talks [RIYADH] The six oil-rich Gulf monarchies ushered in the new year yesterday by setting up a common market with a combined economy of US$7l5 billion. The new regional economic grouping should
      AFP  -  502 words
    • Article
      Lock icon Citigroup, Merrill top Wall St underwriters in 2007
      378 11 Reuters [NEW YORK] Citigroup and Merrill Lynch Co were the world's top underwriters of stocks and bonds last year, despite being at the epicentre of the global credit crisis. They were top underwriters, measured by volume and reported fees. While Citigroup remained
      – Reuters  -  378 words
    • Article
      Lock icon S Korean contractors win record orders
      435 11 Bloomberg [SEOUL] South Korean contractors, including Doosan Heavy Industries Construction, won record construction orders from overseas last year, aided by demand for refineries and power plants in the Middle East. Overseas contracts from 76 countries reached US$39.B billion in 2007, more than doubling from
      Bloomberg  -  435 words
    • Article, Illustration
      Lock icon Bhutto had proof on poll rigging, says aide
      522 11 Reuters She was said to be due to give report to two visiting US lawmakers [KARACHI] Benazir Bhutto was poised to reveal proof that Pakistan's election commission and shadowy spy agency were seeking to rig an upcoming general election the day she
      – Reuters; REUTERS  -  522 words
    • Article, Illustration
      Lock icon New York mayor denies mulling White House bid: report
      454 11 AFP Talk that he'll attend bipartisan forum fuels latest rumours [NEW YORK] New York Mayor Michael Bloomberg has again denied that he is mulling an independent bid for the White House, despite feverish speculation about an impending presidential campaign, US media
      AFP; REUTERS  -  454 words
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  • WORLD
    • Article
      Lock icon Tax coffers across America hit by mortgage crisis
      514 12 LAT-WP Shortfall to lead to deep budget cuts for wide range of government services [DENVER] Dozens of states, counties and cities across the US has entered the new year facing deep and unexpected budget holes as the widening mortgage crisis cuts sharply
      LAT-WP  -  514 words
    • Article
      Lock icon Qualcomm barred from selling some new phone chips
      345 12 Bloomberg LOS ANGELES] A federal udge barred Qualcomm Torn selling new chips that nfringe three Broadcom oatents, while allowing the company to sell older rersions of the same oroducts through January ?009. Broadcom is owed a "oyalty of as much as 6
      – Bloomberg  -  345 words
    • Article, Illustration
      Lock icon GREEN WELCOME TO 2008
      68 12 REUTERS [NEW YORK] Revellers treading over confetti in Times Square during New Year's Eve celebrations in New York. Hundreds of thousands of revellers crowded the fabled Times Square on Monday night, braving cold temperatures and stringent security measures, to see city mayor Michael Bloomberg release the
      REUTERS  -  68 words
    • Article
      Lock icon UK Reits hailed as a success despite price fall
      436 12 Reuters Share price of all 17 Reits dropped in value during 2007 [LONDON] New property investment vehicles were hailed a success yesterday, a year after their inception, despite share prices tumbling around 40 per cent. More than 75 per cent of
      – Reuters  -  436 words
    • Article
      Lock icon BP pays US$379m to settle tax dispute with Alaska
      278 12 Bloomberg [LONDON] BP, Europe's sec-ond-largest oil company, agreed to pay US$379 million in back taxes after settling a dispute with the state of Alaska, governor Sarah Palm said. BP, which runs the Prudhoe Bay oil field in Alaska, and the state
      Bloomberg  -  278 words
    • Article
      Lock icon Nasdaq gets US nod for stake purchase by Dubai
      231 12 Bloomberg [NEW YORK] Nasdaq Stock Market Inc got clearance from the Committee on Foreign Investment in the US (CFIUS) for Borse Dubai to take a stake in the company, paving the way for its acquisition of OMX AB. As part of
      – Bloomberg  -  231 words
    • Article
      Lock icon Kerkorian's Tracinda to buy 35% of Delta Petroleum for US$684m
      509 12 Bloomberg Delta, with losses in 5 straight quarters, to step up drilling [CHICAGO] Kirk Kerkorian's Tracinda Corp agreed to buy a 35 per cent stake in Delta Petroleum Corp for US$6B4 million in a deal that will help the US
      – Bloomberg  -  509 words
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  • AVIATION
    • Article, Illustration
      Lock icon Nasa releases airline data in scrambled form
      791 13 NYT Format of safety data from pilot interviews makes it tough for outsiders to analyse in search of trends [WASHINGTON] Nasa on Monday released an intentionally scrambled, partly deleted version of the safety data it gathered from 24,000 interviews with airline pilots, making
      NYT; AFP  -  791 words
    • Article
      Lock icon US searches for travellers flying with TB patient
      338 13 ■AP [SAN FRANCISCO] US health officials are searching for dozens of international passengers who may have flown from India and in the United States with a woman infected with a hard-to-treat form of tuberculosis (TB). The 30-year-old woman, who the authorities declined
      ■AP  -  338 words
    • Article
      Lock icon All-business-class discount carriers look beyond MAXjet failure
      708 13 NYT Some eye expansion, others plan premium class airlines [NEW YORK] MAXjet Airways, which pioneered as a discount all-business-class airline, failed on Dec 24. Is the concept that it helped invent two years ago fated to die as well? Judging from what the
      NYT  -  708 words
    • Article
      Lock icon Planned UK airport strike called off
      138 13 Reuters [LONDON] A strike at British airports set for Monday has been called off after unions and employers agreed in principle to discuss the unilateral closure of a final salary pension scheme for airport employees. The strike was the first of a series announced
      Reuters  -  138 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2448 13 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,448 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      332 13 CRYPTIC CROSSWORD ACROSS I Savoury pie with crinkly H R [3 |4 |5 [c chips on trays (7,5) P^^H—L^_. _^_^_l Capone 9 Mostly upriver, uncommon- _^M__l^ WW HH |H HH II Trendy resort town, not Brit- t-t—^^ mm' mW ish (5,2) Eagles shot round north WtU WW WW WW WW
      332 words
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  • SHIPPING
    • Article
      Lock icon Green issues in the new year
      834 14  -  DAVID HUGHES STRAIT TALK By ABOUT a year ago, this column ventured the opinion that "green" issues would be an increasingly important factor in shipping in 2007. It hardly took the powers of a clairvoyant to predict that. And indeed, environmental issues have been
      834 words
    • Article
      Lock icon Tanker rates may fall on slow demand
      227 14 Bloomberg [LONDON] The cost of transporting Middle East crude oil to Asia, the world's busiest market for supertankers, may fall as year-end holidays slow demand for cargoes. Some ship owners are trying to attract bookings by cutting rates, which have risen more than
      Bloomberg  -  227 words
    • Article, Illustration
      Lock icon Port authority misses deadline at World Trade Center site
      385 14 Bloomberg [NEW YORK] The Port Authority of New York and New Jersey has missed today's deadline for finishing preparations for two skyscrapers that are supposed to rise at New York's World Trade Center site, triggering payments of US$3OO,OOO a day to
      Bloomberg; AP  -  385 words
    • Article
      Lock icon MMM may give up Philippine operations
      553 14 -Bernama Frequent vessel breakdowns make jobs unprofitable [KUALA LUMPUR] Shipping firm Malaysian Merchant Marine Bhd (MMM) may opt to exit its loss-mak-ing Philippine operations unless fresh lucrative contracts are secured there, its executive deputy chairman Ramesh Rajaratnam said on Monday. To date, MMM has
      -Bernama  -  553 words
    • Article
      Lock icon Dubai starts work on US$11b canal project
      292 14 Dubai starts work on US$1 1b canal project -AFP [DUBAI] Dubai has begun construction on the largest canal project in the Middle East for more than a century, joining a list of mega-projects in the Gulf emirate, the official WAM news agency reported on Monday. Government-owned real estate developer Limitless
      -AFP  -  292 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        130 14 '000 lee CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp Labroy Marine MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.80 0.40 5
        130 words
      • Article
        Lock icon KLSE
        36 14 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 1.15 9.75 9.90 4.46 3.04 0.26 0.19 unch -0.15 unch 0.02 0.02 0.02 -0.01 8: 4! 12! 92: 15( 3' n:
        36 words
      • Article
        Lock icon BANGKOK
        12 14 '00 ■recious Ship Jegional Cont 29.00 29.75 0.50 0.75 176: 97:
        12 words
      • Article
        Lock icon HONGKONG
        11 14 '000 JOil iingamas Cont 57.70 3.39 0.35 0.21 211 93'
        11 words
      • Article
        Lock icon PHILIPPINES
        21 14 '000 Aboitiz Equity ntl Container Keppel Marine <eppel Prop 6.90 45.50 2.00 unch unch 1.00 -0.18 unch 4111 75 12:
        21 words
      • Article
        Lock icon TAIPEI
        22 14 let :vergreen Marine ...29.60 :irst Steamship 74.40 /Van Hai Lines 29.50 rang Ming Marine...25.10 1.30 3.30 0.60 0.30 2: ii i
        22 words
      • Article
        Lock icon TOKYO
        36 14 '000 :awasaki Hvylnd ..331.00 -12.00 707: :awasaki Kisen ....1098.00 -28.00 313' /litsubishi Hvy 481.00 -14.00 ***** /litsui Eng&Sbldg...436.00 -11.00 321: /litsuiOsk Lines ...1426.00 -26.00 360! Jippon Express 575.00 -9.00 204! Jippon Yusen 888.00 -7.00 424:
        36 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      35 14 To download software, SMS the word "Zap" to *****. ~7 Code TermS and COnditiOnS aPDIV. -See More Know- More Get MoreLianhe Zaobao Comparable to Club Mcd Retrofitted "Kampong Übin" resort may see first** wmmmm*mmm I
      35 words
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  • FOCUS: HEALTH
    • Article, Illustration
      Lock icon Weight loss: Slow and steady wins the race
      1158 15  -  JANE BRODY NYT Meals full of vegetables, fruit, whole grains and some protein-rich food make a wholesome diet By A desire to turn over a new, more healthful leaf typically accompanies the start of a new year. My mail, for example, has
      NYT  -  1,158 words
    • Article, Illustration
      Lock icon Studies show yoga has multiple benefits
      382 15 Reuters It can reverse risk factors linked to heart disease [CHENNAI] Yoga induces a feeling of well-being in healthy people, and can reverse the clinical and biochemical changes associated with metabolic syndrome, according to results of studies from Sweden and India. Metabolic syndrome is
      Reuters; J FILE PHOTO  -  382 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Asian solidarity will be pivotal this year
      475 16 VIEWED from both an economic and a political standpoint, 2007 was a year of relative stability for Asia, changes of government in several countries notwithstanding. Yet the foundations upon which this stability was built began to shift even before the old year ended
      475 words
    • Article, Illustration
      Lock icon Bandwidth crunch hits India's mobile services
      1083 16  -  YOGI AGGARWAL Government needs to find a solution soon to protect the industry from a growing crisis THE Indian mobile industry, which has been galloping at a furious pace adding some eight million new phone connections every month, has finally hit a stumbling block.
      REUTERS  -  1,083 words
    • Article, Illustration
      Lock icon Lust for big homes in US recalls dotcom bubble
      745 16  -  ROBERT SAMUELSON THE BOTTOM LINE DOWN the block from my home, workmen are finishing a new house. It replaces a small bungalow that had measured about 1,500 square feet. The new home has a covered front porch, two fireplaces and a
      745 words
    • Article, Illustration
      Lock icon In South Korea, the right card counts
      1128 17  -  CHOE SANG HUN -NYT Flashing the right card at the right place is a smart way to cut down on costs for consumers By WHENEVER Park Kyung Jin goes shopping, she methodically reviews which of her many credit cards to pull out. Not
      -NYT; FILE PHOTO  -  1,128 words
    • Article, Illustration
      Lock icon US elections – forget the conventional wisdom
      1100 17  - US elections forget the conventional wisdom LEON HADAR IF YOU'VE been following the media coverage of the current US presidential campaign and listened to the many predictions that have been made by the pundits, pollsters and political "insiders" about which of the Democratic and Republicans candidate was going to win
      AFP  -  1,100 words
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  • FOCUS: CHINA'S LOOMING WATER CRISIS
    • Article, Illustration
      Lock icon Great pall hangs over thriving cities
      1887 18 AIT The country's rapid, often wasteful style of economic growth threatens to make a wasteland of its future, reports JIM YARDLEY [SHIJIAZHUANG, China] HUNDREDS of feet below ground, the water supply for this provincial capital of more than 2 million people is steadily running
      AIT; AFP; REUTERS  -  1,887 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      368 19 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 31 World Index Preliminan 1131.2 -0.4 2.8 -0.9 0.4 -0.4 7.I EAFE Preliminan 1120.6 0.0 1.2 -0.5 1.9 0.0 8.I Euro[ Preliminan 1543.3 -0.1
      368 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 19 As at 9am Dec 31 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2620 1.2780 Can dollar 1.4670 1.4850 Euro 2.1180 2.1420 NZ dollar 1.1120 1.1360 Sterlin mnd 2.8690 2.9020 US dollar 1.4360 1.4530 Local dollars to 100 units of foreign
      133 words
    • Article
      Lock icon INTERBANK RATES
      161 19 Dec 31 Overnight 1 3/4 1 -month 2 2-months 2 3/16 3-months 2 3/8 Overnight mode: 7/8 US$ Offer 1 1/2 1 7/8 2 1/16 2 1/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 4.50 4.70 4.75 4.80 4.70
      161 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 19 Dec 28 STI SIMSCI Jan 419.3 421.2 417.1 Taiwan Jan 325.5 333.8 330.3 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 19 Dec 31 Bid Offer 1-month 1.4335 1.4347 2-months 1.4311 1.4324 3-months 1.4288 1.4301 6-months 1.4221 1.4236 Source: OCBC
      21 words
    • Article
      Lock icon SICOM FUTURES
      276 19 Dec 28 KUbbbK Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Jan 08 Feb 08 Mar 08 Apr/Jun 08 Jul/Sep 08 Oct/Dec 08 377.00 380.25 383.50 391.75 394.25 394.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      276 words
    • Article
      Lock icon CHICAGO BOT
      103 19 Dec 31 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 08 1199.00 1207.75 1201.00 1181.00 Mar08 1214.25 1223.00 1218.00 1197.00 May 08 1229.75 1240.50 1233.00 1213.00 Jul 08 1235.00 1246.50 1240.00 1220.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 08 48.85 48.83 48.85 48.32 Mar
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 19 CRUDE OIL PRODUCTS Dec 31 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 93.62 -2.2 WTI (Near Mth) 95.99 unch Dubai (1-Mth F) 89.07 unch Tapis blend 99.8 unch Minas 98.05 unch PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 95.45 110.25 unch u USS/barrel Opec Oil
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    • Article
      Lock icon INTERBANK CROSS RATES
      453 19 Dec 31 iuro ren Ion 'eso Earn 'ouni Australia 0.861 6.435 0.598 6.871 34.723 82.748 0.987 8.246 2.913 1.132 54.509 36.339 1.266 5.982 0.990 28.573 29.670 0.441 0.881 Canada 1.161 7.470 0.694 7.977 40.308 96.058 1.145 9.573 3.381 1.314 63.277 42.184 1.470 6.944 1.150 33.169 34.443 0.512
      453 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      81 19 Dec 31 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****A 03.04.08 1-Year BY*****A 29.09.08 2.00 2.00 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year
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    • Article
      Lock icon SIBOR
      74 19 Dec 31 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** SWAP Mid rates (Ss) 1 yr 2.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** syrs 2.***** 7yrs 3.***** 10yrs 3.***** 12yrs 3.***** 15yrs 3.***** Source: Reuters 1 mth 4.***** 2.***** 2 mths 4.***** 2.***** 3 mths 4.***** 2.***** 6
      74 words
    • Article
      Lock icon PALM OIL
      65 19 Dec 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Jan 08 3116 3111 3130 3104 501 3263 Feb 08 3114 3118 3140 3114 796 9155 Mar08 3115 3125 3141 3110 3990 ***** Apr 08 3115 3115 3129
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    • Article
      Lock icon PRECIOUS METALS
      139 19 Dec 31 GOLD (USS/oz) Dec 31 Dec 31 Hong Kong London 838.00 838.00 839.00 839.00 Dec 31 Dec 28 834.40 836.30 835.20 837.00 Source: Reuters CAST BAR (Sj) Dec 31 Buying Sellini Kilobar "41,814.53" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
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    • Article
      Lock icon LONDON METALS
      68 19 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2358.20 2367.80 3 months 2409.00 2418.00 Copper, Grade A (USS/tonne) Cash 3 months 6641.50 6675.00 6800.00 6830.00 Lead (USS/tonne) Cash 2545.50 3 months 2550.00 2572.00 2570.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3 months *****.00
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    • Article
      Lock icon LIFFE
      83 19 Dec 31 COCOA (Btonne) Close Prev Hii ih/Low Mar 08 1043 1049 1047/1040 May 08 1061 1067 1062/1058 Jul 08 1090 1096 1091/1088 Sep 08 1072 1078 1072/1072 COFFEE (USS/tonne) Close Pev High/Low Jan 08 1866 1850 1870/1840 Mar 08 1907 1889 1910/1880 May 08 1927 1912 1932/1903 Jul
      83 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 19 Dec 31 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2658 1.2671 0.8808 0.8811 Canadian dollar 1.4693 1.4711 1.0224 1.0229 Euro 2.1173 2.1193 1.4733 1.4737 NZ dollar 1.1184 1.1194 0.7782 0.7784 Sterlim 2.8719 2.8745 1.9984 1.9981 US
      157 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      233 19 Dec 31 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar08 Jun08 Sep08 Dec08 95.730 96.210 96.470 96.585 0 0 0 0 ***** ***** 7001 3048 EUROYEN FUTURES (Closed) Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 EUROYEN LIBOR FUTURES (Closed; Mar07 Jun07 Sep07 Dec07 SING DOLLAR
      233 words
    • Article
      Lock icon BONDS & WARRANTS
      5442 19 BONDS WARRANTS Tel Code Coi Last Sale +orPrem Expiry Vol Conv Exer Disc Gear- Mths C000) Ratio Price ing Left 3779 ASL Marine Hldgs W*****1 2058 Advance Modules GrpW*****3 2036 Advance SCT Ltd W*****9 3747 Allgreen RB ECW*****1 2835 Allgreen RBeCW*****6 #ArianeCorpLtdW*****9 8798 Ascendas REIT SGA ECW*****3 9092 Asia Environment
      5,442 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      3230 20 mlm The Business Times vmm Shipping Times M WnM RPP 4uG I WAN HAI INTERNATIONAL PTE LTD cr NO: **********0/r [^v Mk MW*i KVISBSSatSSJI jfcßiWnWrrrifWaTll fMBIH TEL: *****588 (14 LINES) FAX: *****163 1 __P A^ Ll>~Tlllf_llVl 11 HBfISffIWHBHSHHBB WWSaWmWWmWIWmM I V\\M 1 IA/AN HAI INpX <»*""« S«fvite/Booliigs Meet Ine (1800)*****200
      3,230 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      3313 21 lllb Jill IITTA EASTERN CAR LINER. LTD I®) £3® 39g^ r.ICT* _fe»_ U Ew 1 I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I v O G1 *C$ _*=j^JlB tt l WEEKLY EXPRESS SAILING SCHEDULE _> Ipyy^JJ^^J H VOY Romp(Kl) Lilling(Kl) SIN PKL PNN )KI LCB MNL /W^^^3B|t-p\ W___-_____^____=i__st_--=-s_l
      3,313 words
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  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      3333 22 fSI 11 II 11 H H IPg A NDERSEN. W'6"^llS= I!& 6URY NMISATION GROUpI <^gf M W—\ Wm] Ww\ mm I shipping com pan yX 70 Shenton Way, #21-03 Marina House Singapore *****8 •>A*^4l,V^fls.-i*?Jl'^-^sl _^-_._4 MnPTH \a/f<;t fyppf<;<; iimf I SlNa"7o' I'WMn VYCOI L./\.ri\.L.OO LIME OWNS OPERATES THE YOUNGEST FLEET
      3,333 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      3728 23 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • MOTORING
    • Article, Illustration
      Lock icon F1: The relentless pursuit of marketing dollars
      1311 24 This year's inaugural Formula One race in Singapore is going to be a marketeer's dream, says ANAND A VATHIYAR, because of the immense economic opportunities for just about anyone creative enough to tap the milestone event FORMULA One is a huge mon-ey-making opportunity
      AFP PHOTOS; I ! AP  -  1,311 words