The Business Times, 7 January 2008

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg a Singapore press holdings publication co regn no *****2868E mica (p) 122/12/2007 Monday, January 7,2008
    25 words
  • Article, Illustration
    Lock icon Uphill trek ahead as building costs keep rising
    661 1  -  ARTHUR SIM Jtudy suggests itrain on resources, 10 let-up this year By [SINGAPORE] The construction boom here is stretching resources, as costs of building materials look set to keep climbing through 2008. Already, building costs are almost on par with Hong Kong,
    RLB  -  661 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      54 1 Weekly 3,437.79 lange -8.03 iT Index ICOMP 1,466.67 +19.63 IIKKEI225 14,691.41 -616.37 IANG SENG 27,519.69 +149.09 ;et INDEX 821.71 -36.39 JAKARTA COM P 2,765.19 +19.36 1ANILACOMP 3,479.37 -142.23 ;eoulcomp 1,863.90 -33.23 ;henzhen B 722.10 +12.41 IUMBAI IND 20,686.89 +479.94 )OW 12,800.18 -565.69 IAS DAI 2,504.65 -169.81 ;&P 500 1,411.63
      54 words
    • Article
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.50 INDONESIA 15.483 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.75 CANADA 6.25 SWITZERLAND 4.08 INDIA 12.75 Source: Bloomberg
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      43 1 US$ S$ 1.434 US$ (S$ per US$) EJUS: i/S: per 1.968 2.822 EURO(US$/S$/E) 1.470 2.108 YEN 109.30 76.20 RM 3.284 2.290 HK$ 7.803 5.441 BAHT 33.46 23.33 RUPIAH 9,424 6,572 RENMINBI 7.274 5.073 INDIAN RUPEE 39.34 27.43 1.137 0.793 NZ$ 1.297 0.905
      43 words
  • Article
    Lock icon Straits Trading Co wooed with cash offer
    629 1  -  MATTHEW PHAN Firm controlled by Tan Chin Tuan's family values old favourite at $1.86 billion By [SINGAPORE] After having slipped off the radar screen for years, one of Singapore's oldest companies is back in the news with a suitor declaring firm interest in
    629 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      95 1 BizlT F^y^m COMMENTARY YOUTH OLYMPICS r\A° f\ The little laptop m" i W Will Goodman swop Spore front runner to Who's backing that could E^l*^ A"Reit for JTC deal? host games: lOC member V \J the bid page 1 o PAGE 30 /J PAGE 7 PAGE 2 ■MiMWHHWfleiHaia POWER Lunch
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  • TOP STORIES
    • Article
      Lock icon S'pore front runner to host Youth Olympics
      348 2 Bangkok is not a viable candidate, says lOC member [PARIS] Singapore should prevail in the race to win the right to host the 2010 Youth Olympics, the dreamchild of International Olympic Committee (IOC) president Jacques Rogge, claimed a senior lOC member on Saturday.
      348 words
    • Article, Illustration
      Lock icon Outlook for 2008: Big on turmoil, small on gains
      853 2  -  ANDREW MARKS WALL STREET INSIGHT Most economists expect US economy to narrowly avoid recession this year By in New York NO MATTER whether stocks in the US equity market are able to thrive this year or even achieve the slim single-digit
      REUTERS  -  853 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Wall St outlook: Big on turmoil, small on gains
        69 2 NO matter whether stocks in the US equity market are able to thrive this year or even achieve the slim single-digit gains that most of the Wall Street market strategists BT polled have set for their end of year targets, this
        69 words
      • Article
        Lock icon US economy slipping towards recession: Hillary Clinton
        92 2 DEMOCRATIC presidential contender Hillary Clinton said on Saturday she believed the US economy was heading towards a recession. "The unemployment figures on Friday hitting 5 per cent, US$lOO-a-barrel oil that we also hit this week, the fall of the dollar, there's a lot
        92 words
      • Article
        Lock icon Thai Beverage seeks dual listing
        67 2 THE Singapore-listed Thai Beverage pic said it had held talks with Thai authorities to seek a local listing. It said that the Security and Exchange Commission is ready to allow the filing for listing. It will, however, have to consider the law on liquor and
        67 words
      • Article
        Lock icon New multi-function card for NTUC members
        60 2 NATIONAL Trades Union Congress members can now use just one card for many things, including banking, payments, discounts and transport. The NTUC Plus Card, launched by NTUC and OCBC Bank, is an ATM and Nets card for OCBC Bank and a Visa card that
        60 words
      • Article
        Lock icon Fed now more open to public on policy views: official
        69 2 FEDERAL Reserve vice-chairman Donald Kohn said the central bank has increased its communication on policy views to the public in the wake of the financial market turmoil that began in August. Fed officials have tried to signal when the central
        69 words
      • Article
        Lock icon M'sian polls around the corner: election chief
        71 2 MALAYSIA'S election chief has reiterated that nationwide polls are "around the corner" despite speculation the government would hold back due to a host of problems, a report said yesterday. "When I say the election is around the corner, you better believe me because
        71 words
      • Article
        Lock icon Indian IT firms face tough year as US slowdown looms
        75 2 AFTER weathering a tough 2007, India's flagship IT companies face the spectre of a US economic slowdown squeezing profits as they start unveiling earnings this week, analysts say. Software firms face possible cutbacks in the information technology budgets of US
        75 words
      • Article
        Lock icon Business doubts impact of new laws in China: analysts
        76 2 TWO landmark laws that have just gone into effect in China look to drastically alter the business environment, but the reality may turn out to be different, analysts said. Enforcement of any law can be weak or non-existent, and the impact
        76 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      1668 2 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email Ml notices@sph.com.sg. HI IN THE MATTER OF THE COMPANIES Aa, CAP. 50 AND m CesmeSteel Holdings Limited «.ngJ^ ehS££&™nt COMPANY PTE LTD NOTICE OF ANNUAL GENERAL MEETING (in members-voluntary LIQUIDATION)
      1,668 words
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      Lock icon Page 2 Advertisements Column 2
      14 2 oeoßle Do we know work* you? (Register with us today) www.thepeopleatwork.com Asia-Pacific Executive Search
      14 words
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  • ENTREPRENEUR INSIGHTS
    • Article, Illustration
      Lock icon TIP for a head start in business
      889 3 OH BOON PING reports on a programme that teaches students entrepreneurship and innovation ENTREPRENEURSHIP can be taught, and it seems the lecturers for the Technopreneurship and Innovation Programme (TIP) have found the right formula for it. The programme is offered by the Technopreneurship
      NUR AZHA PUTRA  -  889 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      75 3 Brought to you by Credit Suisse bm'i'^wl silii^B I I»/ fcaJKr —~~3^ Since 1856, we have focused on bringing new perspectives to our clients. It's a tradition based on analyzing both your specific needs and the international markets to identify future opportunities for you. By creating solutions ideally suited to
      75 words
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  • THE 2008 CAMPAIGN
    • Article, Illustration
      Lock icon US economy slipping towards recession: Hillary Clinton
      498 4 AFP The economy is likely to become a bigger factor in the US presidential campaign in the coming weeks as it moves beyond lowa and this week's New Hampshire primary into more populous states such as California and Florida [MANCHESTER, New Hampshire] Democratic
      AFP  -  498 words
    • Article, Illustration
      Lock icon Have just one simple federal tax: Huckabee
      790 4 NYT But his Fair Tax plan to replace the federal tax system has many opponents [NEW YORK] Long before Mike Huckabee, the former Republican governor of Arkansas, began campaigning for president, advocates for replacing the entire federal tax system with a national sales
      NYT; BLOOMBERG  -  790 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      415 4 JymSmmS^U^^lf^^Sk^ advertise call tol|-free 18Q0 m/ M recruit@sph.com.sg KhattarWong is one of Singapore's largest premier law firms. With over 100 lawyers, the firm offers clients the advantage of being represented by internationally recognised lawyers at the top of their field. KhattarWong has been actively involved in the Greater China legal
      415 words
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  • FOCUS: TALENT ISSUES
    • Article, Illustration
      Lock icon Tailor-made incentives work best
      1598 5 Progressive firms will replace one-size-fits-all schemes with those targeting their most valuable employees, reports MICHELLE QUAH IN the first of our four-part series on the attraction and retention of talent in the Asia-Pa-cific accounting and finance industry, published on Friday, we talked about the key drivers
      Michael Page International; STOCKXPERT  -  1,598 words
  • Page 5 Advertisements
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      91 5 CPA AUSTRALIA EMPLOYERS CLUB I Foundin 9 Members I ambition chaXeS!^ bhpbiuiton II ■MMM^ II ■g gr gg =uermst&you:\g U\'7 UCIOIItG* Quality In Everything We Do M*^ B^ Wgj H EQfilQ S SfiS CHARTERHOUSE Foo Kon Tan Grant Thornton® HSBC <X^ r i h P The world's local bank IBBi
      91 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Is a coming US recession fully priced in yet?
      781 6  -  R SIVANITHY STOCKS BY NOW, you'd have to wonder whether an aggressive cutting of US interest rates really is the answer or, instead of inflating yet more bubbles, perhaps the best medicine for an ailing US economy is to simply let
      781 words
    • Article
      Lock icon Combination of factors behind oil's surge to new heights
      336 6 -AFP COMMODITIES [LONDON] A weak dollar and political unrest sent oil surging past US$lOO for the first time and gold futures to an historic high, smashing a 28-year record, during the first trading week of 2008. Platinum also struck an alltime
      -AFP  -  336 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      296 6 Legends US$; Rmb; HK$; A) As; Pound; Rupiah; Yen; Euro; AA) Baht; RM; Peso; AAA) Rs; NT$; (ad] Cash/Bonus Tax Exempt (One-Tier); (af) Dividend/Distribition; (ai) Final; (am] Final Special Tax Exempt (One-Tier); (an) Final Tax Exempt; (ao) Final Tax Exempt (One Tier); (ay) First and Final Tax Exempt;
      296 words
    • Article
      Lock icon Most Asian units rise; yen hits 1 -month high vs dollar
      520 6 -AFP CURRENCIES [HONG KONG] Asian currencies ended last week mostly higher against the US dollar on the back of lingering fears over a recession in the US economy. Japanese yen: The yen hit a onemonth high of 108.78 to
      -AFP  -  520 words
    • Article
      Lock icon BROKERS' RECOMMENDATIONS
      1728 6 Source: Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlco Comm REIT 1.60 1.60 5 5.49 15.94 1.56 0.91 .II' ireen Pro :ies 2.90 2.90 10 9.21 15.53 1.79 1.44 ,mara Holdini 1.33
      1,728 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
      4 words
    • Article, Illustration
      Lock icon UOB CATAUST INDEX
      3 6
      3 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      49 6 Jan 4 VALUE CLOSE 333.00 +179.0 BT OB/OS BT CADI -*****.00 +148.0 BT 10-day MA -*****.00 +33.00 All-SG Equities 957.26 +9.65 SG Equities Elect 99.55 -0.40 SG Equities Fin 2376.94 +26.28 SG Equities Prop 1295.56 1.22 SiMSCI 417.24 +4.06 SiMSCI Future 417.10 +6.10 PrimePartnersCI 239.25 +7.79
      49 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      52 6 VOLUME JES 283,978,000 Sapphire 181,437,000 Diqiland 161,779,000 Memstar 152,869,000 Firstßes 126,684,000 Firstßes MEReCWOBO4OB 108,667,000 STXPOKWIOO 107,117,000 Yanqzijianq 105,942,000 JiutianC 101,142,000 Sing Tel 89,992,000 VALUE(S) STXPOKWIOO 366,308,120 DBSGrp 356,393,828 Sing Tel 352,132,460 UOB 319,198,476 Capita Land 278,283,684 OCBC Bk 240,408,430 JES 222,238,895 SGX 217,970,940 Yangzijiang 205,630,000 Keppel Corp
      52 words
    • Article
      Lock icon RISES
      104 6 CLOSE UP 8560 573.4 4.9 GLD 10US$ JMH 2850 157.7 4.0 IS MSCI India 100 999 94.6 7.1 Great Eastern 1720 80.0 4.9 Fra< ice 223 41.0 22.! ChinaRailDBeCW*****6 112 35.0 45.5 FirstRes 150 31.0 26.1 JSH 1594 28.7 1.3 IndoAc 265 26.0 10.9 Golden Ai iri 234 24.0
      104 words
    • Article
      Lock icon FALLS
      118 6 Closing prices are in trading currencies, but absolute difference is in Ss. China H 10US$ CLOSE DOWN 2062 -55.9 -1.9 CoscoCori iRBeCW/*****1 156 -55.0 -26.1 Cifr 1354 -44.0 -3.1 CoscoCori iDBeCW/*****1 110 -44.0 -28.6 Venture Cor| 1232 -38.0 -3.0 Auston W*****5 5 -32.0 -86.5 STXPOKW100 322 -29.0 -8.3 B
      118 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      87 6 Jan 4 CLOSE CHNG FR Jan 3 YR 2008/07 S$ LOW S$ HIGH USS 1.4335 0.03 1.5479 1.4318 Euro 2.1090 -0.03 2.1639 1.9913 Pounds 2.8306 -0.04 3.1194 2.8229 AS 1.2631 -0.07 1.3555 1.1741 Yen* 1.3109 -0.06 1.3821 1.2285 Rill liah* 0.***** 0.24 0.***** 0.***** Baht* 4.2842
      87 words
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  • COMPANY NEWS
    • Article
      Lock icon All may gain if Goodman bags JTC Reit
      894 7  -  KALPANA RASHIWALA By HOCK LOCK SIEW AUSTRALIA'S Goodman group is reportedly expected to clinch the job of being the manager of a proposed real estate investment trust that will hold about Ssl.6 billion of industrial properties to be divested by JTC Corp.
      894 words
    • Article, Illustration
      Lock icon Air China vows higher bid in battle for China Eastern
      469 7 Reuters It'll pay HK$5 per share if shareholders reject SlA's offer [HONG KONG] Air China's parent vowed yesterday to pay at least 32 per cent more for a coveted slice of China Eastern than rival suitor Singapore Airlines (SIA) had
      – Reuters; BLOOMBERG  -  469 words
    • Article, Illustration
      Lock icon Thai Bey seeks second listing in Thailand
      611 9  -  OUR CORRESPONDENT Beer maker holds talks with regulator, hopes resistance to listing will end By in Bangkok THE Singapore-listed Thai Beverage pic said that it had held talks with Thai authorities to seek a local listing. This would make it the second company
      I BLOOMBERG  -  611 words
    • Article, Illustration
      Lock icon DBS Bank will even smell different now
      424 9 Xinhua TO impart a more "Asian" brand supporting a recent strategic brand repositioning, DBS Bank has introduced a fragrancing and music styling solution developed by environmental brand consultant Equal Strategy. The solution will initially run as a pilot scheme in DBS Bank's Shenton
      Xinhua; FILE PHOTO  -  424 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      374 7 ISG Phoenix 4 I I 12% Notes Series 9 II IsGPhoenlx I I 16% Notes Series 10 f\ I *2*ttft.. -ililS^i [^4'i^il "■i- '> ll|#'li| Jin i I ci*i^*jhii *i«j'i»a*ji> iM»iin«jrT^# r^ani^ sg| ::::P-::-:M 'Bin H 11^ Distributors: KIM ENG ©OCBCSecurities DMG Partners SECURITIES 6533 1818 (65) 6226 0300 6538
      374 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Indices, portfolios sag in gloomy December
      1431 8  -  TEH HOOI LING IT WAS a bad December in 2007, the first time since 2002 that the last month of the year saw a decline in share prices. Between Dec 7, 2007, and Jan 4, 2008, the Straits Times Index (STI) fell by 3.4
      1,431 words
    • Article
      Lock icon Trading activity sees quiet start in the new year
      1217 8  -  ROBERT HALILI INSIDE MARKETS Only 80 transactions done by 33 companies last week; buyers outperform sellers by 25 firms to eight By TRADING done by directors, substantial shareholders and listed companies got off to a slow start in the new year.
      1,217 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      225 8 tod name lose lange All. ireen 0.44 1.440 +0.010 Ascendasreit 0.88 2.410 +0.060 iComm 0.47 2.290 -0.010 iLand 4.07 6.250 +0.040 0.94 3.340 +0.010 Chart SemiCond 0.50 0.940 +0.005 2.60 13.540 -0.180 ComfortDelGro 1.26 1.790 +0.030 Cosco Coi 1.96 5.930 +0.330 Creative Tech 0.16 6.360 +0.040
      225 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      105 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 8 7 2 0 0 0 8 7 2 Manufacturing 95 78 56 14 19 16 109 97 72 Commerce 35 22 25 10 44 32 30 >r/Cc ims 18 17 21 17
      105 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 8 MAIN SDQ TOTAL MAIN SDQ TOTAI Multi Ind 55,788 55,788 304,113 304,113 Manufacturing 1,428,348 150,046 1,578,394 1,478,028 32,294 1,510,322 Commerce 466,724 14,640 481,364 276,032 2,990 279,022 >r/< 421,194 7,244 428,438 1,270,024 3,015 1,273,03! Finance 132,167 146 132,313 1,217,120 41 1,217,161 Construction 319,695 200,223 519,918 154,089 8,866 162,955
      120 words
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  • Page 9 Advertisements
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      163 9 X EDOX Maftre Horloger Les Genevez depuislBB4 Is? fei 'SI Bfa >£^ug w m m M mmw^SL m *^L\ I W270 fan/7; what you see in front mjftjr^^ V^^^B UJM Class IPowerimt Championship I 4§) |l^-1^ Edox Spirit of Norway Titanium Chronograph Limited Edition ,v l&U >»—' v «-*l_^^B m
      163 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon New multi-function card for NTUC members
      259 10  -  QUAH CHIN CHIN The NTUC-OCBC card can be used for payments, discounts banking, transport By NATIONAL Trades Union Congress (NTUC) members can now use just one card for many things, including banking, payments, discounts and transport. The NTUC Plus Card, launched yesterday by NTUC
      ARTHUR LEE  -  259 words
    • Article
      Lock icon Restoring confidence in charities
      204 10  -  ARTHUR LEE By PUBLIC confidence in charities may have taken a beating last year, but NTUC points the way forward. Its answer stems from its own philosophy. It values good corporate governance and imposes stringent checks and balances when it comes to managing its different divisions,
      204 words
    • Article, Illustration
      Lock icon Prudential backing for Youth Olympics bid
      155 10 INSURANCE company Prudential Singapore will declare its support for Singapore's bid to host the 2010 Youth Olympic Games at an internal event on Jan 10. Dubbed "Faster, Higher, Stronger 2008", the event will involve more than 3,000 financial consultants. The tagline "Prudential supports Singapore's
      155 words
  • Page 10 Advertisements
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      224 10 f e cars property ST t> Cfi. tkt vtyltt rfwffwww.snoi .com ■^1 KS Z' \y m We train so many Ik Goodness, no. BPf) W% PP PPI iff people that we Never again m^^^^^^^^^3U^^^3^i^^H \^^//L-yr r^^llHi^ have to create H"—^^ would I run for N^-CTc i restaurants for president of
      224 words
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  • DINING OUT WITH citibank
    • Article, Illustration
      Lock icon Discovering the fun in cooking and eating
      976 11  -  JAIME EE POWER Lunch By 'Singapore restaurants definitely rank very highly compared to fine restaurants in other parts of the world albeit on a smaller and less grand scale, but property prices and rentals being what they are here, I really am not
      JOHN HENG  -  976 words
    • Article, Illustration
      Lock icon A spacious outlet for fans of Canele
      594 11  -  Jaime E& NEW RESTAURANT Canele #B1 -81/82 Raffles City Shopping Centre. Tel: 6334-7377 SO Robertson Walk is way off your dining radar. You're tired of eating elbow to elbow with other customers in a cramped Paragon shop space. If despite all this you're
      594 words
  • Page 11 Advertisements
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      34 11 Brought to you by citibank embank r~ cffii:' |i'-■EipteßS v TUB *^m"r ctDbanl< /->-j.-i_ i i I r^\ K^ X jm ctIS/s o Your Citibank guide to gourmet pleasures this week f IjH X
      34 words
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      33 11 For dining reservations and enquiries, please call 6431 6156 or 6331 1612. Indulge in over 600 gourmet pleasures with your Citibank credit card. For more details on the privileges, log on to citibank.com.sg
      33 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article
      Lock icon Investment strategies for 2008
      157 12 After waving goodbye to a year filled with news of a strong economy, falling unemployment and a feverish property market, 2008 got off to a nerve-wracking start as crude oil prices ventured into the US$lOO per barrel territory. As with most macroeconomic trends, there will be
      157 words
    • Article, Illustration
      Lock icon Market outlook for 2008
      641 12 s Citi Investment Research 3,900 Stay defensive and look toward telcos, media and conglomerates, which "provide earnings visibility, reasonable valuations and attractive yields". Calling for overweight on banks "on valuation grounds" but cautions against the US subprime concerns; underweight on property Singapore is among Citigroup's favoured
      641 words
    • Article, Illustration
      Lock icon Turning sea shells into hard cash
      1010 12 CAMPUS LIFE JASON LOW speaks to an enterprising undergrad who makes a very decent living selling sea shells online MOST undergraduates live on parents' allowances and part-time job salaries, but not Choo Koon Po. The 22-year-old business undergraduate from Singapore Management University (SMU) survives
      1,010 words
    • Article
      Lock icon Be smart with your finances
      204 12 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
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      46 12 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Fed 'now more open to public on policy views'
      727 13 Bloomberg US central bank says it's tried to provide more information to reduce uncertainty [WASHINGTON] US Federal Reserve vice-chairman Donald Kohn said the central bank has increased its communication on policy views to the public in the wake of the financial
      – Bloomberg; BLOOMBERG  -  727 words
    • Article, Illustration
      Lock icon India's finance chief urges banks to cut rates
      432 13 -AFP [NEW DELHI] Indian Finance Minister Palaniappan Chidambaram has called on banks to lower interest rates to keep Asia's third-largest economy expanding strongly amid fears aggressive monetary tightening could slow growth. Mr Chidambaram urged state-run banks to reduce lending rates by half
      -AFP; REUTERS  -  432 words
    • Article
      Lock icon Fed will cut rates by 50 pts this month, says Goldman
      311 13 Bloomberg Slowing economy will prompt aggressive move, it says [WASHINGTON] Goldman Sachs Group, one of the 20 primary dealers that trade directly with the Federal Reserve, said the central bank will reduce its target rate by half a percentage
      – Bloomberg  -  311 words
    • Article
      Lock icon Seoul reports higher Q4 FDI
      350 13 -Reuters It expects M&A boom to fuel steady investment inflow [SEOUL] Plans for foreign direct investment in South Korea rose for the second consecutive quarter in the fourth quarter of 2007 and the authorities expect a steady inflow in 2008 as a global mergers and
      -Reuters  -  350 words
    • Article
      Lock icon Weak economic data puts Spanish govt on defensive ahead of election
      421 13 -AFP [MADRID] Spain's Socialist government is on the defensive just two months ahead of a general election that polls show will be closely fought following the publication last week of weak economic data. Spanish inflation accelerated to the fastest
      -AFP  -  421 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Cashing in on the great commodities boom
      553 14  -  S JAYASANKARAN MALAYSIA INSIGHT Firms turn to gold mines, oil palm estates; XL grapples with rising fuel prices THE Greek geographer and astronomer Claudius Ptolemy dubbed Malaya the Golden Chersonese ("Peninsula" in Greek) when he visited the country on his way to China
      553 words
    • Article
      Lock icon Doctors say Suharto's ailing health improving
      390 14 -AFP [JAKARTA] Indonesia's former dictator Suharto showed signs of improvement yesterday but remained in critical condition, doctors said two days after he was hospitalised with heart, lung and kidney problems. Mr Suharto fell ill early last week at his home, which he has rarely
      -AFP  -  390 words
    • Article
      Lock icon Malaysian polls 'around the corner': report
      343 14 -AFP Government facing discontentment from people [KUALA LUMPUR] Malaysia's election chief has reiterated that nationwide polls are "around the corner" despite speculation the government would hold back due to a host of problems, a report said yesterday. "When I say the election is around
      -AFP  -  343 words
    • Article, Illustration
      Lock icon M'sia to ration cooking oil
      293 14 -AP [KUALA LUMPUR] Malaysian cooking oil will be rationed starting today to counter a supply shortage caused by smuggling and panic buying amid fears of a price hike, a government official said. Consumers will be allowed to buy only up to five kilograms of cooking
      -AP  -  293 words
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  • INDIA
    • Article, Illustration
      Lock icon Reliance Power to raise US$2.9b in biggest India IPO
      427 15 AFP [MUMßAl] Reliance Power, a unit of Reliance Energy, plans to raise up to US$2.9 billion in what would be India's biggest public offering, investment bankers said on Friday. The previous highest initial public offer (IPO) was by property giant DLF
      AFP; L I AFP  -  427 words
    • Article
      Lock icon IT firms face tough year as US slowdown looms
      787 15 -AFP Earnings already hit by rising rupee, they brace for IT budget cuts by US firms [BANGALORE] After weathering a tough 2007, India's flagship IT companies face the spectre of a US economic slowdown squeezing profits as they start unveiling earnings
      -AFP  -  787 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      632 15 Frustrated by slow network or Internet access in your office? Worried about the confidentiality and integrity of your data? Concerned about security when you transact over the Internet? Faced with frequent virus or spam attacks even with the use of antivirus software? Wondering if you can prevent your staff from
      632 words
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  • FOCUS: PHARMAS IN CHINA
    • Article, Illustration
      Lock icon Hu's the man for gene therapy
      1315 16 Bloomberg His career reflects the rise of China's drug industry from marketers of herbal treatments to research-based companies [NEW YORK] From peasant doctor to chief executive officer of a fledgling biotechnology company, Hu Fang's rise parallels China's economic transformation. Mr Hu, at age 19,
      Bloomberg; BLOOMBERG  -  1,315 words
    • Article, Illustration
      Lock icon China becoming global pharmaceutical R&D hub
      888 16 Bloomberg 'he shift to research labs in China is reducing expenses as drugmakers cut jobs [NEW YORK] Wuxi Pharmatech Inc, a decade-old drug research company in the industrial outskirts of Shanghai, will employ more chemists this year than Pfizer Inc, the world's largest producer
      Bloomberg; BLOOMBERG  -  888 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Business doubts impact of new laws in chaotic China: analysts
      653 17 AFP Weak enforcement can undo moves to help workers, equalise taxes [BEIJING] Two landmark laws that have just gone into effect in China look to drastically alter the business environment, but the reality may turn out to be different, analysts
      AFP; REUTERS  -  653 words
    • Article
      Lock icon Planning agency loosens controls on sale of project-related debt
      291 17 Bloomberg 3EIJING] China will relax controls on liow companies can spend money raised from selling infrastructure project-related bonds, the nation's top planning agency said in a statement posted online on Friday. Companies will be able to sell the bonds to fund
      Bloomberg  -  291 words
    • Article
      Lock icon Official fired for extravagant funeral
      174 17 -AFP [BEIJING] A ranking official in southern China has been sacked for arranging an extravagant funeral for his mother, state media reported yesterday. Xie Pingfa, former director of the highway bureau in Lufeng city in Guangdong province, invited more than 1,000 people to the funeral
      -AFP  -  174 words
    • Article
      Lock icon Taiwan fears loss of talent to China
      595 17 ■AFP [TAIPEI] Taiwan's place at the top of the industrial food chain is being threatened by a braindrain as professionals head to China for better career prospects amid political turmoil and economic slowdown at home. Taiwanese businessmen have invested in tens of thousands
      ■AFP  -  595 words
    • Article
      Lock icon STOCKS ASIA
      2740 17 Transaction date: Jan 4 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing
      2,740 words
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  • MIDDLE EAST
    • Article, Illustration
      Lock icon Bush focus on Iran counterproductive: Arabs
      476 18 AFP They believe he will fail to achieve any progress towards peace in the region [AMMAN] US President George W Bush's visit to the Middle East this week will focus too much on Iran to the detriment of providing a much-needed shot in the
      AFP  -  476 words
    • Article
      Lock icon Higher inflation seen in Saudi Arabia this year
      305 18 Reuters [RIYADH] Saudi Arabia said prices of food products, which account for the largest chunk of Saudis' spending, may rise by up to 30 per cent in 2008, backing wide expectations inflation this year will be higher than in 2007. The prices
      – Reuters  -  305 words
    • Article
      Lock icon UK to raise its presence in Asia, Mideast
      197 18 -AFP [LONDON] Britain is planning a "diplomatic surge" in the Middle East and south Asia to help counter extremism and nuclear proliferation, Foreign Secretary David Miliband said in an article published yesterday. Writing in The Sunday Times, Mr Miliband said 2008 would
      -AFP  -  197 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      1685 18 ALBEDO LIMITED (Registration No. *****5118 M) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Albedo Limited (the "Company-) will be held at 2 Corporation Road, #06-04 Corporation Place (Lift Lobby D) Singapore *****4 on 22 January 2008
      1,685 words
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      Lock icon Page 18 Advertisements Column 2
      32 18 DP I I JBk^w^JF 1 SEND YOUR E-MAIL TO oiiflQn kUUOi s Hll™™AAni*llH I#MIIISUISIiBaSUIBaSafl #MlllSUISIiBaSUIBaSaf w 4 flMBi Singapore AN E-MARKETPLACE BROUGHTTO YOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. ATlS^g^ mg* nss
      32 words
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  • FOCUS: CHINA'S ENERGY CONUNDRUM
    • Article, Illustration
      Lock icon The high cost of China's dams
      2115 19  -  JIM YARDLEY -NYT Conflict between the huge need for energy to feed the economy and the enormous environmental and social impact of hydropower projects By CHINESE officials celebrated the completion of the Three Gorges Dam by releasing a list of 10 world records in
      -NYT; – 9 PHOTOS: REUTERS, AFP; AFP  -  2,115 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US$100 oil price not very high: Opec
      656 20 AFP Faking into account nflation, the current price is below 1980 record, cartel says [PARIS] The price of US$lOO for a barrel of crude oil is "not necessarily very high" given the high demand of oil and higher production costs, the president of
      AFP  -  656 words
    • Article, Illustration
      Lock icon Liverpool 08 edges into lead
      314 20 Clipper Ventures THE battle for the top positions continues with Liverpool 08 and New York overtaking Hull Humber in between the midnight and 0600 GMT schedules. This is predominantly due to the slightly stronger breeze that the two leading yachts are enjoying at the moment
      Clipper Ventures; Photo: ONEDFTION  -  314 words
    • Article
      Lock icon Dubai starts Noor Islamic Bank, seeks global presence
      527 20 Bloomberg [DUBAI] Dubai's government started Noor Islamic Bank yesterday with 3.16 billion dirhams (551.23 billion) of capital as the Persian Gulf emirate seeks to expand its presence in global financial services. The venture, the United Arab Emirates' sixth Islamic bank and the
      Bloomberg  -  527 words
    • Article
      Lock icon Dubai's OMX bid gets green light
      174 20 [STOCKHOLM] Borse Dubai said its 32 billion kronor (557.2 billion) cash offer for Nordic stock exchange operator OMX AB has been approved by Sweden's Financial Supervisory Authority. The bid had also been recognised by the financial supervisory authorities in Iceland and Finland, Borse Dubai
      -AP  -  174 words
    • Article
      Lock icon Poll body tells Thaksin party not to protest
      826 20 It warns pressure on EC could delay Parliament's opening By OUR CORRESPONDENT in Bangkok THAILAND'S Election Commission (EC) has come out to openly state that the tactics of the People's Power Party (PPP) of applying pressure to get its candidates certified would
      826 words
    • Article, Illustration
      Lock icon Wedding bells for Sarkozy, Bruni: report
      188 20 AFP [PARIS] French President Nicolas Sarkozy is to marry his new girlfriend, the former model turned singer Carla Bruni, a French newspaper reported yesterday, claiming a wedding was "imminent". Citing several anonymous sources, the Journal dv Dimanche said the couple, currently on a private
      AFP; REUTERS  -  188 words
    • Article
      Lock icon Zimbabwe judicial officials to get 600% pay rise
      277 20 -AP [HARARE, Zimbabwe] Zimbabwe's government granted magistrates and state prosecutors, whose strike since October has crippled the court system, pay increases of up to 600 per cent, the official media reported yesterday. The award came days after the state Prices Commission said
      -AP  -  277 words
    • Article
      Lock icon PRIME LENDING RATES
      372 20 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 American Express Bank 5.75 Arab Bank PLC 5.5 R°ma Si"9aP°re 6 5 Banco Bilbao Vizcaya Argentina S.A 6 Ban? kok Ba"k t Bank Julius Baer Co. Ltd(S) 5 Bank of America NA
      372 words
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  • WORLD
    • Article
      Lock icon Hung loans threaten more write-downs
      889 21 Reuters Analysts fear firms taken private may default on debt due to economic woes [NEW YORK] Leveraged loan problems are threatening Wall Street banks with a fresh round of writedowns from a US$2O5 billion backlog of buyout debt. The unsold debt piled up during the
      Reuters  -  889 words
    • Article
      Lock icon Ambac, MBIA may survive without top Fitch ratings
      671 21 But a feared downgrade would pummel the bond insurers' future prospects [NEW YORK] MBIA Inc and Ambac Financial Group, the world's two largest bond insurers, may be able to function without top ratings from thirdranking Fitch Ratings, but a feared downgrade would
      671 words
    • Article, Illustration
      Lock icon Buffett's new bond insurer to enter top markets soon
      384 21 Bloomberg [NEW YORK] Warren Buffett's new municipal bond insurer may enter the top dozen markets within a few months, according to Ajit Jain, head of the Berkshire Hathaway Inc reinsurance unit in charge of the new venture. Berkshire is filing for
      Bloomberg  -  384 words
    • Article, Illustration
      Lock icon High rents drive out small biz from Champs Elysees
      464 21 ■AFP [PARIS] The famed Champs Elysees avenue in Paris, where Charles de Gaulle celebrated liberation from the Nazis, has lost another round in its battle against an invasion by global chain stores. Faced with skyrocketing rents, the last small private-ly-owned pharmacy
      ■AFP; AP  -  464 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      103 21 If you are in any of these situations: "^^^^"^^L^. You are entrusted to set up new business in Singapore, either with overseas or local partners, and don't know how and where to begin You want to focus on growing your business, you need a trusted partner to help keep watch
      103 words
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Boeing's jet orders hit record 1,413
      430 22 AFP New order records also set for 787 Dreamliner, 737 and freighters last year [WASHINGTON] The Boeing Company received a record 1,413 orders for commercial airplanes in 2007, in a three-year streak of orders above 1,000, the US aerospace giant said on Friday. Boeing
      AFP; NG SOR LUAN/THE STRAITS TIMES  -  430 words
    • Article
      Lock icon Foreign cruise ships to dock onger in Mexico: US
      525 22 -AP [HONOLULU] Foreign cruise ships sailing from California to Hawaii would have to spend at least two days in Mexico under a proposed federal rule meant to help US-flagged ships better compete with them. Cruises departing from Los Angeles and San
      -AP  -  525 words
    • Article
      Lock icon American Air to test anti-missile system
      437 22 -AP The first plane will be equipped in April or later [DALLAS] Up to three American Airlines jets will be outfitted this spring with laser technology being developed to protect planes from missiles fired by terrorists. Officials said on Friday the anti-missile systems will
      -AP  -  437 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 22 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp Labroy Marine MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.82 0.39 5.93 1.12 3.23 1.20 0.10
        107 words
      • Article
        Lock icon KLSE
        37 22 '000 Jan Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 1.12 9.85 9.75 4.48 3.08 0.27 0.18 unch 0.15 -0.10 0.02 0.08 unch 0.01 125 1461 677 653 33 49 10
        37 words
      • Article
        Lock icon BANGKOK
        12 22 ■oo 'recious Ship Regional Cont 25.00 28.25 -1.50 0.25 3341 95
        12 words
      • Article
        Lock icon HONGKONG
        12 22 '000 Jan poll iingamas Cont 55.35 3.17 -0.75 0.01 128) 701
        12 words
      • Article
        Lock icon PHILIPPINES
        20 22 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.80 43.00 unch unch unch -1.00 unch unch 244! 27!
        20 words
      • Article
        Lock icon TAIPEI
        19 22 Evergreen Marine ....30.35 :irststeamship 72.00 /Van Hai Lines 29.20 t'ang Ming Marine...23.55 0.75 1.00 0.90 0.25 3: 1
        19 words
      • Article
        Lock icon TOKYO
        35 22 '000 :awasaki Hvylnd ..312.00 -19.00 ***** :awasaki Kisen ....1020.00 -78.00 7681 /litsubishi Hvy 458.00 -23.00 ***** /litsui Eng&Sbldg...414.00 -22.00 6939 /litsuiOsk Lines ...1349.00 -77.00 8243 lippon Express 550.00 -25.00 3897 lipponYusen 832.00 -56.00 7552
        35 words
    • Article
      Lock icon China to make Dalian shipping centre
      196 22 Xinhua [SHENYANG] China plans to make Dalian into a major harbour along the north-east coast as well as a shipping and logistics centre for north-east Asia by 2020. Under a Liaoning provincial government plan, by 2020 the harbour would move 500 million tons of
      Xinhua  -  196 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2406 22 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British I I Airways Public ttd Co (BAW), BG Birnan Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines
      2,406 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      308 22 CRYPTIC CROSSWORD ACROSS 7 Close call when the gin ran mmr —ht mmr —^HTj —^H6—^H out (4,5) H| 10 Love to sleep longer than m hh MM Brf^^BH usual, no effort required HH__HH__HH__HH__^M__HB__HH__HH 11 Not just ugly (6) mml mml mml mml hh mm b| 12 Chief means of support
      308 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6967 23 Week ended: Jan 4 52-wks Tel |h Low Code Last Sale Vol ('000) Hii Week Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap $mil Hi. Com| 5716 1st Software 22 8.5 3148 STelecom 34 15 5 5834 A-Sonk 104 98 6389 ABF SG
      6,967 words
    • Article
      Lock icon SGX XTRANET
      73 23 _Hm Low Code Com Sale COOP) _Hm Low Bw Seller C'vr P/E Smi 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech US200d US6200 250 80 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170 SPDRS US1000 US***** US***** 100 100 100
      73 words
    • Article
      Lock icon SGX CATALIST
      2241 23 Hii Low Code Comi Sale row) Hii Low By Seller C'vr P/E $mi 30 11.5 1181 s AAGrp 41.5 20.5 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 2.5 1501 s Advanced System 70.5 15 1524 s Alantac 22.5 8.5 7814 s Albedo 46.5 28 5021
      2,241 words
    • Article
      Lock icon CLOB INTERNATIONAL
      248 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      248 words
  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      20 23 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. M Tel: 6238 6678 Fax: 6238 6676. Internet: http://www.audemarspigjet.com I 1
      20 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 4 World Index Preliminan 1099.6 -1.8 -0.1 -1.9 -2.4 -1.6 4.! EAFE Preliminan 1087.2 -2.1 -1.8 -1.9 -0.6 -1.7 6.! Euro[ Preliminary 1497.7 -1.9 0.3 -1.8 1.2 -1.6 8.: Pacific 929.3
      363 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 24 As at 9am Jan 4 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2540 1.2690 Can dollar 0.4380 1.4560 Euro 2.1010 2.1250 NZ dollar 1.0950 1.1190 jterlin iund 2.8100 2.8410 US dollar 1.4250 1.4410 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon INTERBANK RATES
      159 24 Jan 4 Bid $S_ Offer Overnight 3/4 1-month 1 13/16 2-months 2 3-months 2 1/8 Overnight mode: 11/16 US$ Offer 5/8 1 11/16 1 7/8 2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 4.53 4.55 4.60 4.68 4.52 4.30
      159 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 24 Jan 4 ten Hii Sett STI SIMSCI Jan 407.9 417.8 417.1 Taiwan Jan 317 322.4 319.5 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 24 Jan 4 Bid Offer 1-month 1.4292 1.4305 2-months 1.4265 1.4278 3-months 1.4242 1.4256 6-months 1.4172 1.4186 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 24 Jan 4 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2608 1.2625 0.8796 0.8801 Canadian dollar 1.4476 1.4491 1.0099 1.0102 Euro 2.1070 2.1090 1.4699 1.4702 NZ dollar 1.1047 1.1063 0.7707 0.7712 jterlim ind 2.8211 2.8237 1.9681 1.9684
      156 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      352 24 Jan 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO8 JunO8 SepO8 DecO8 95.900 96.405 96.670 96.795 0 0 0 0 ***** ***** 7873 3288 EUROYEN FUTURES MarO8 99.255 99.265 JunO8 99.305 99.310 SepO8 99.265 99.280 DecO8 99.215 99.225B MarO9 99.165 99.170B JunO9 99.110B SepO9 99.045B
      352 words
    • Article
      Lock icon SICOM FUTURES
      292 24 Jan 4 KUBBtK Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest FebO8 Mar 08 Apr 08 May 08 Jun 08 Jul/Sep 08 384.50 388.75 394.50 398.75 399.50 400.50 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open
      292 words
    • Article
      Lock icon CHICAGO ROT
      102 24 Jan 4 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 08 1249.00 1251.50 1249.50 1238.00 MarO8 1262.50 1267.50 1264.50 1251.00 May 08 1279.50 1284.50 1282.00 1269.00 Jul 08 1289.75 1291.00 1291.00 1277.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 08 50.55 50.50 50.55 50.10
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 24 CRUDE OIL PRODUCTS Jan 3 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 98.25 1.33 WTI (Near Mth) 99.12 -0.48 Dubai (1-Mth F) 92.13 2.84 Tapis blend 102.95 3 Minas 101.2 3 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 96.95 113.95 2.30 3.9 US$/barrel Opec Oil
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 24 Jan 4 AS CS Rmb Euro HKS Ind Rs Ri ih Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.871 6.400 0.599 6.865 34.610 82.917 0.962 8.257 2.889 1.141 54.639 36.080 1.262 6.028 0.979 28.544 29.440 0.447 0.880 Canada 1.148
      470 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 24 Jan 4 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****A 03.04.08 1-Year BY*****A 29.09.08 1.93 1.94 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year
      89 words
    • Article
      Lock icon PRECIOUS METALS
      170 24 Jan 4 GOLD (USS/oz) Jan 04 Jan 03 GOLD BULLION COINS (S$) Sellim Hong Kong 859.50 859.20 860.50 860.20 Jan 03 Jan 04 London 861.60 857.60 862.30 858.30 Source: Reuters (S$) Selling Buying 1 oz 1380.3 1242 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $483.64 397 SILVER
      170 words
    • Article
      Lock icon SIBOR
      76 24 Jan 4 1 mth 2 mths 4.***** 1.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** 4.***** 2.***** 3 mths 4.***** 2.***** 6 mths 9 mths 12 mths 4.***** 4.***** 4.***** 2.***** 2.***** 2.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** 5yrs
      76 words
    • Article
      Lock icon LONDON METALS
      70 24 Jan 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2417.50 2458.80 3 months 2466.00 2505.00 Copper, Grade A (US$/tonne) Cash 3 months 6873.50 6910.00 6932.00 6970.00 Lead (US$/tonne) Cash 2595.50 3 months 2601.00 2664.00 2670.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • Article
      Lock icon LIFFE
      78 24 Jan 4 (£/tonne) Close Prev Hii ih/Low Mar 08 1076 1086 1090/1065 May 08 1094 1104 1106/1083 JulO8 1124 1134 1136/1115 SepO8 1102 1109 1110/1098 COFFEE (US$/tonne) Close Pev High/Low Jan 08 1914 1912 1921/1905 Mar 08 1946 1948 1963/1930 May 08 1966 unch 1981/1949 JulO8 1979 1978 1996/1960
      78 words
    • Article
      Lock icon PALM OIL
      65 24 Jan 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Jan 08 3151 3132 3151 3134 307 1614 Feb OS 3147 3129 3147 3122 1258 6811 MarO8 3142 3120 3145 3114 7690 ***** Apr 08 3130 3112 3130
      65 words
    • Article
      Lock icon BONDS & WARRANTS
      3503 24 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 2036 Advance SCT Ltd W*****9 30 3747 Allgreen RB ECW*****1 5.5 2835 Allgreen RBeCW*****6 2.5 ArianeCorp Ltd W*****9 2.5 8798 Ascendas REIT SGA ECW*****3 8.5 4105 #Asiatravel W*****7 38
      3,503 words
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      Lock icon Page 25 Advertisements Column 1
      2214 25 Mlm The Business Times uuu Shipping Times Destination Destination W^^yfipF^W H^^TiSßilpP^ii sP§?' "i^___N"'"i_____l L--I-I.'^iii-|-i|»-i- E7/ M-iI-i/.i-i In-1--i i-.i-1 'L--I-I.E 7/ A.Vih/M'i lii<l<*ii-m<i P^B___ BB^^^^^ MIDDLE-EAST SERVICE F.E./S.E.A SERVICE «qft£i*^^ J§l^ Destination Destination fif "^^il^!_6 WIP 114-% L-.-i-l. Sin- 1-1| .i- E 7/ M-iI-i/.m In-1- -i i-. i-1 L--I-I. E M-iI-i/.i-i
      2,214 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      3930 26 WAN HAI INTERNATIONAL PTE LTD <rn0 **********0/r llt PT A CXPT UXTPI A U I IXTPT U I XT* /<^\ rii Clhl TtC A \rm\ linn mi i ■■lIP*. TEL *****588 (14 LINES) FAX:*****163 IftßT JC. AS 1 JC.jK.IN LAX _LIINjE.K« Llll ll§ > J l*T r' VS/MS. V\M4^WAN HAI
      3,930 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      3116 27 WSHf HBBBB ligg andersen wt*^r^S2Z| fli glory navigation groupl K_JH shipping company/ 70 Shenton Way, #21-03 Marina House Singapore *****8 ft^^itt^^al i———■—————————————————— I'WMn vvcoi CArrtjj liinc owns operates the youngest fleet MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS [iaTEX a« aHIvaI [MTEX WITH VESSEL VOY PKL SIN Khfi DXB BAB
      3,116 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      3682 28 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
      3,682 words
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  • BizIT
    • Article, Illustration
      Lock icon Telcos prepare for number portability
      518 29 Despite challenges, they remain confident, reports WINSTON CHAI W ITH the dead- line fast approaching to implement a system giving consumers the ease of retaining mobile numbers when switching operators, all three telcos are in the thick of a tedious systems upgrade. Last year, the
      FILE PHOTO  -  518 words
    • <what's up>
      • Article, Illustration
        Lock icon Philips lights up new MP3 players
        128 29 PHILIPS has taken the wraps off the 5A4325 and SA4l27,twonewMP3 players that come with a host of lighting effects to complement a user's music experience. While the displays of most music players are static, Philip's new devices come adorned with colourful LED lights and
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        Lock icon New MD appointed for NEC Asia
        68 29 JAPANESE IT giant NEC Asia has named Tan Goh Beng as the new managing director of its regional operations. He assumes the position with immediate effect and will report directly to NEC Asia chief executive officer Tomohiro Vagi. A 20-year veteran in the field
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      • Article
        Lock icon Wireless@SG takes flight in more airports
        100 29 TRAVELLERS can now add complementary and übiquitous wireless Internet access to the list of perks they can enjoy at Changi Airport. Star Hub, having sealed a new contract to expand and operate the airport's wireless broadband network, will extend its coverage from Terminals 1
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        Lock icon 3Com in dealership pact with ACA
        80 29  -  WINSTON CHAI NETWORKING solutions provider 3Com has appointed ACA Pacific Technology as its master distributor in Singapore. According to 3Com, the alliance with ACA is part of the firm's attempt to ramp up its partner strategy and service initiatives in the region. Besides distributing
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      Lock icon Top electronics show goes green
      241 29 [SAN FRANCISCO] The world's largest consumer electronics tradeshow is going green, showcasing earth-friendly technology while offsetting its own carbon footprint at the massive Las Vegas event. The Consumer Electronics Show that officially begins today will feature for the first time a "Sustainable Tech Zone" dedicated
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      Lock icon The key to effective corporate performance management
      805 29  -  S SATHISH &lt;you say&gt; By WE ALL agree that globalisation has taken competition to a higher level. Low cost countries China and India are a threat. Even in services where Singapore scores high marks, India seems to be surging ahead. This phenomenon makes
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      Lock icon SaaS to excite the Asian software sector this year
      910 30 Demand from small businesses and anti-piracy appeal will keep it buzzing, writes ONG BOON KIAT SOFTWARE-as-a-serv-ice (SaaS) a software sales model where businesses don't own software outright but pay a cheaper subscription fee to use it over the Web will be
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      Lock icon S'pore start-up develops unique LED lighting solution
      781 30  -  AMIT ROY CHOUDHURY System promises high power lighting at lower cost By A SINGAPOREAN start-up, Bright Lite Systems, has come up with an innovative liquid crystal display (LED) lighting system that promises to help users save more than 30 per cent in electricity
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      Lock icon The little laptop that could
      802 30 &lt;itcool&gt; By KOH SU HAW IN the digital age, school children no longer need to lug around school bags filled with heavy pa-per-based books. Instead, they can carry a sleek computing device, the size of an average hardcover book and weighing less than a kilogramme,
      802 words
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      611 29 Making Dollars and Sense of Green IT J '*"*^V ~"-TV^ Data centres are power gluttons ~y noH!j^ r°^r J Did you know that data centre power consumption will soon account for more electricity used than all television sets combined? This is f V^^ 4 '***°B%^l J **ua ,J I a'
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