The Business Times, 17 January 2008

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Microfilm: NL28805
Total Pages: 29
1 29 The Business Times
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  • Title Section
    Lock icon Masthead
    26 1 THE BUSINESS TIMES. SINGAPORE 85 cents online at http://business-times.asial .com.sg «i A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Thursday, January 17,2008
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  • Article
    Lock icon S'pore stocks hit 10-month low as markets reel
    568 1  -  R SIVANITHY 'Clients are asked to top up immediately, failing which there's no talking just selling.' By [SINGAPORE] Worries over a US recession, which may already have arrived yesterday, combined with fears of more bank-related subprime losses to send regional markets and
    568 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      44 1 1COMP 1,453.66 -52.05 MKKEI 225 13,504.51 -468.12 1ANG SENG 24,450.85 -1386.93 ;et index 773.80 -5.99 JAKARTA COM P 2,592.31 -137.72 1ANILACOMP 3,351.66 -95.63 ;eoulcomp 1,704.97 -41.98 ;henzhen b 696.35 -22.22 IUMBAI IND 19,868.11 -382.98 11AM EDT Change 12,422.83 -78.28 )OW IASDAQ 2,368.99 -48.60
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    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 6.75 INDONESIA 15.535 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 7.25 CANADA 6.00 SWITZERLAND 3.91 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      40 1 IS$ (S$ ier US$) 1.429 (uss/ss ii 1.959 2.801 :uroi :us$/s$/e; 1.482 2.119 'EN 106.30 74.30 3.269 2.287 IK$ 7.798 5.455 !AHT 33.14 23.18 lUPIAH 9,437 6,602 1ENMINBI 7.234 5.061 INDIAN RUPEE 39.27 27.47 1.135 0.794 IZ$ 1.288 0.901
      40 words
  • Article, Illustration
    Lock icon The GIC-Citi deal: opportunistic, and (almost) completely safe
    900 1  -  VIKRAM KHAN NA COMMENTARY Investment seems a winner in every scenario except the very worst case By GlC's US$6.BB billion investment in Citigroup announced on Monday is one of those hard-to-refuse deals that are available only to investors big enough and bold
    BLOOMBERG  -  900 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      53 1 r*^J DBS CORPORATE ,^r PROPERTY BizlT mf~~&Rr& Citibanker Richard RESULTS W=^h& iW*? Sing Power Building A*Star wants next Stanley tipped to Tenaga Ql profit :i;siinl sold for $lb big search engine MWWk i?^____________ beCEO PAGE 2 Up 22% PAGE 12 _-_^_^J PAGE 3 PAGE 29 Bank stocks hit by US
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  • TOP STORIES
    • Article, Illustration
      Lock icon Citibanker seen as hot favourite for DBS CEO job
      564 2  -  YEN SREENIVASAN Market thinks his Spore links and credentials make him a good choice By [SINGAPORE] Is veteran Citibanker Richard Stanley poised to be named the new chief executive of DBS Bank? Many in the local banking circles seem to think
      FILE PHOTO  -  564 words
    • Article
      Lock icon GIC MD: Latest billion-$ forays spurred by unique situation
      401 2  -  MATTHEW PHAN Agency's investment strategy of small, passive stakes remains unchanged By [SINGAPORE] Contrary to the buzz over the investments that GIC has made in global banking giants Citigroup and ÜBS, the investment strategy at the Singapore agency is unchanged. The
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    • THREE-MINUTE DIGEST
      • Article
        Lock icon Singapore Power Building sold for $1 billion
        94 2 A PROPERTY fund managed by Singapore's Pacific Star group, with monies invested by German and other European investors, is believed to have bought Singapore Power Building at Somerset Road. The price is said to be in the region of $1 billion or around
        94 words
      • Article
        Lock icon Bank stocks hit by fears over sub-prime woes, US recession
        108 2 BANK stocks were clobbered yesterday on continuing concerns of a possible recession in the US, sub-prime lending woes and a general slowing down of the Singapore economy. DBS Bank shed 62 cents or 3.3 per cent to end at $18.20
        108 words
      • Article
        Lock icon SGX plummets after analysts' downgrade
        76 2 THE stock of Singapore Exchange suffered a twin blow yesterday as the local market came under heavy selling pressure and after several analysts downgraded the counter. Shares in SGX sank as much as 72 cents or 7.2 per cent to $9.28 before closing the day
        76 words
      • Article
        Lock icon SG issues call and put warrants based on KLCI
        67 2 SOCIETE Generale has issued call and put structured warrants based on the underlying Kuala Lumpur Composite Index, the first of their kind to be listed on the Singapore Exchange. The warrants, comprising two calls and three puts, start trading on SGX
        67 words
      • Article
        Lock icon Retail sales to rise 4.2% in H1: MasterCard
        79 2 WITH private consumption seen holding steady in the first half of this year, retail sales in Singapore are expected to post a sturdy 4.2 per cent year-on-year growth in the first half to $17.6 billion, according to a MasterCard survey. But the
        79 words
      • Article
        Lock icon All eyes on Fed as main line of defence against recession
        86 2 CONCERN that the Federal Reserve's interest rate cuts will have a limited impact on economic growth, and may risk fuelling inflation, have led to calls for a fiscal policy boost for the US economy. But many are sceptical that
        86 words
      • Article
        Lock icon Tenaga Q1 profit up 22% on strong demand, forex gain
        60 2 MALAYSIAN power utility Tenaga Nasional reported a 22 per cent rise in first-quarter net profit on Tuesday, helped by strong demand and currency translation gains. But the firm warned that rising costs, including payments to independent power producers, threatened to
        60 words
      • Article
        Lock icon Hong Kong puts off easing of short-selling curbs till H2
        79 2 HONG KONG Exchanges and Clearing expects a plan to relax curbs on short-selling to be postponed until at least the second half of the year, giving a breather to downward spiralling markets. Yesterday, officials also foresaw the launch of a
        79 words
      • Article
        Lock icon Marina Bay Suites priced around $3,000 psf
        69 2 AT around $3,000 psf, the next luxury development to go on sale Marina Bay Suites looks like it could actually be quite reasonably priced, especially as luxury home prices have trended towards the $4,000 psf range. So far, over 600 potential buyers (of
        69 words
      • Article
        Lock icon A*Star holds global search engine contest
        61 2 WATCH out, Google! The Agency for Science, Technology and Research (A*Star) has announced a global competition to develop the next generation Internet search engine which it hopes will do what no Web search company has attempted before. The competition will offer a cash prize
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    • Article, Illustration
      Lock icon Singapore Power Building sold for $1b
      574 3  -  KALPANA RASHIWALA Buyer said to be Pacific Star-linked fund; group also eyeing DBS Building By [SINGAPORE] A property fund managed by Singapore's Pacific Star group, with monies invested by German and other European investors amongst others, is believed to have bought Singapore Power Building
      574 words
    • Article
      Lock icon Longer wait for SIA as B787 deliveries get delayed again
      622 3  -  YEN SREENIVASAN Dreamliner's maiden flight pushed back three months more, to end of June now By [SINGAPORE] After coping with a two-year delay in the delivery of its Airbus A3BO planes, Singapore Airlines will now have to make similar adjustments
      622 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      190 2 IVIdl IVCII U Get Under the Skin of Shoppers through Practical Insights Case Studies shared by savills Oe'dvyAction saatchi&saatchiV group' Frsnk art r.ts: The Power of' We': Shopperfainment: Flagship Stores' Best Practices Synergy between AMK Hub and its Reiailers Creating Hype and Desire in the Retail Star Hub: Shopper Marketing:
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      Lock icon Page 2 Advertisements Column 2
      14 2 jobs cars property shops ST U I C&k. Tim vtoM; stuff I WWW.ST7OI.COM I
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      Lock icon Page 2 Advertisements Column 3
      13 2 r_<______l<_ Give yourself P._i>K_M__r a break. WOrK call us. www.thepeopleatwork.com Asia-Pacific Executive Search
      13 words
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  • COMPANY NEWS
    • Article
      Lock icon Bank stocks hit by US recession, sub-prime fears
      595 4  -  CHOW PENN NEE MARKET TUMBLE Sell-off symptomatic of broader sell-down, slowing in Spores economy: analysts By BANK stocks were clobbered yesterday on continuing concerns of a possible recession in the United States, sub-prime lending woes and a general slowing down of the
      595 words
    • Article, Illustration
      Lock icon SGX plummets after analysts' downgrade
      591 4  -  OH BOON PING By THE stock of Singapore Exchange (SGX) suffered a twin blow yesterday as the local market came under heavy selling pressure and after several analysts downgraded the counter. Shares in SGX sank as much as 72 cents or 7.2 per cent to
      BLOOMBERG  -  591 words
    • Article
      Lock icon CapitalRetail China equity exercise completing soon
      566 4  -  KALPANA RASHIWALA CORPORATE EARNINGS By CAPITARETAIL China Trust (CRCT) is proceeding to complete a $280 million equity-raising exercise to fund the acquisition of Xizhimen Mall in Beijing by the end of this month. Capitaßetail China Trust Management Ltd's (CRCTML) CEO Lim Beng Chee, who
      566 words
    • Article
      Lock icon First Ship Lease Trust's US$l2.1m Q4 distribution beats IPO forecast
      380 4  -  VINCENT WEE By FIRST Ship Lease Trust (FSLT) is to distribute US$l2.l million to unitholders for the fourth quarter ended Dec 31, 2007, 13.6 per cent better than the projection made during its initial public offering (IPO) in March last
      380 words
    • Article
      Lock icon A great gateway to China market for Biosensors
      623 4  -  CHEN HUIFEN SINCE Biosensors International Group announced the acquisition of China stent maker JW Medical last week, its share price has been on the move, gaining some 6 per cent from 90.5 cents last week to 96 cents yesterday.The acquisition has been
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    • Article
      Lock icon SG issues call and put warrants based on KLCI
      329 5  -  R SIVANITHY First of their kind to be listed on SGX; 2 calls, 3 puts start trading today By SOCIETE Generale (SG) has issued call and put structured warrants based on the underlying Kuala Lumpur Composite Index (KLCI), the first of
      329 words
    • COMPANY BRIEFS
      • Article
        Lock icon BH Global wins sole distributorship
        68 5 BH Global Marine has been appointed by global cables company Prysmian Group as its sole distributor in the Asia-Pacific region for its Prysmian range of marine cables products. BH Global Marine is also looking to expand its warehousing facilities to enhance its supply chain management
        68 words
      • Article
        Lock icon Asia Env inks China plant BTO pact
        66 5 ASIA Environment Holdings has entered into a build-operate-transfer (BTO) concession agreement with Lishui County Government to build and operate a waste-water treatment plant in the Anqing Economic Development Zone, Anhui Province. The project involves the construction of a waste-water treatment plant with a
        66 words
      • Article
        Lock icon Asia Power in share subscription deal
        32 5 ASIA Power Corporation has entered into an agreement for a subsidiary of China EnerSave to subscribe for 40 million Asia Power shares at 33 cents each.
        32 words
    • Article, Illustration
      Lock icon KepLand in tie-up with marina builder
      345 5  -  VINCENT WEE By KEPPEL Land International and high-end marina builder Bellingham Marine Industries yesterday signed a memorandum of understanding for Bellingham to design and construct premier marinas in Keppel Land's waterfront properties in the region. Bellingham will provide KepLand with design, project management and
      345 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7504 5 UNIT TRUSTS FUNDS ■fnTTXI?ITT7^eaI gKiiilaeaAiUUaeal ABN AMRO Asset Mgt (Spore) Star Europe Eqtv!** 0.956/ Star Europe Bond 1.222/ Star Europe Bal 1.204/ Star Asian Tiger Eqty 1.526/ Star Asia Bond 1.239/ Star Asia Balanced 1.015/ Star Global Technology Fund!" 0.207/ MultiStFd 0.917/ Star Asia BondlUSD) 0.867/ Gib Multi St USD
      7,504 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      174 4 The global name in FX ft 1 Choose a world leader for a professional FX trading service. We offer tight spreads on 11 all major FX pairs and a huge range of exotics, plus CFDs on shares, indices and more. 11 Spreads from 2 pips on leading currency pairs Local
      174 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      60 5 X THE EXPERTISE OF many; the strength of one ''i'/yl:'/y .'■'■::'-':';':''-::Yl'*'"-J:'-'$& y 'X^y-; •'.■"■'^"^Brap^wSSs 3kHr tne core OUI '3us'ness are multiple world-class investment management .JX Jil- ■•y*'';''l'-,::}'/;''£:'': ''''^f^o^M^'''"'^^^^^^^^^i BNffi. groups Franklin, Templeton and Mutual Series each operating autonomously WM%^'''^§^^'-^::'' i^^B^'""^^^^^^^^l m and offerin S our clients their unique perspectives. FRANKLIN
      60 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Another day, another pounding
      599 6  -  R SIVANITHY STOCKS US and HK markets, margin calls drag ST Index down 3 per cent to 10-month low THE bottom continued to fall out of the local stock market yesterday, with the Straits Times Index (STI) crashing 96.09 points or 3 per cent to a
      : Bloomberg  -  599 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      91 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 9 5 0 0 0 lanufacturing 20 171 35 23 11 23 194 46 Commerce 60 12 11 72 13 "pt/Stor/Comms 35 37 :inance 32 32 Construction 15 22 'roperties 37 37 lotels/Rsts 11 jervices
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 31,377 31,377 167,392 167,392 lanufacturing 563,175 78,735 641,910 484,766 5,379 490,145 Commerce 293,524 5,431 298,955 111,351 796 112,147 ■pt/Stor/Comms 234,234 581 234,815 658,101 206 658,306 :inance 59,583 175 59,758 585,011 35 585,046 Construction 78,700 32,207 110,907 21,970 4,670 26,640
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      107 6 lapitaLand 5.430 -0.190 :apitaMall 2.900 -0.070 jtyDev 11.200 -0.440 losco Corp 4.680 -0.300 IBS Grp 18.200 -0.620 :&N 5.290 -0.060 ientlntl 0.625 -0.020 IK Land 4.710 -0.140 ISH 15.500 -0.120 lardine C&C 19.500 -1.460 leppel Corp 11.420 -0.520 leppel Land 6.090 -0.370 IOL 2.910 -0.170 loble
      107 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      900 6  -  UMA SHANKARI ADDITIONAL tax payment required by the Public TV Act: The Public TV Act, on Monday royally endorsed and announced in the Royal Gazette, requires alcohol and tobacco producers to pay additional tax to the Thai Public Broadcasting Services. The tax rate is 1.5 per cent of
      : Bloomberg  -  900 words
    • Article, Illustration
      Lock icon Carry trades plunge with stock markets
      523 6  -  LARRY WEE RISK aversion returned with a vengeance yesterday after another ugly rout on Wall Street overnight, slamming carry trade plays, Asian bourses and more exotic Asian currencies. Speculation became a dirty word again, forcing high-yielders like the Australian and New Zealand dollars more
      : Reuters  -  523 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      50 6 Jan 16 VALUE CLOSE -2157.00-323.00 BT OB/OS BT CADI -*****.00-454.00 BT 10-day MA -*****.00-216.00 FTSE ST Mid Cap 787.60 -24.70 FTSE ST Small Cap 725.93 -32.71 FTSE ST All Share 794.14 -26.39 FTSE ST China 599.26 -32.58 SIMSCI 372.58 -11.93 SIMSCI Futures 373.70 -10.10 PrimePartnersCI 194.46 -9.69
      50 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      52 6 VOLUME Sunmoon 184,839,000 STXPOKWIOO 83,417,000 SingTel 64,016,000 JiutianC 63,683,000 Firstßes 55,380,000 Goldtron 46,354,000 JES 46,073,000 Yanqzijianq 41,010,000 Golden Aqri 38,648,000 Thai Beverage 38,067,000 VALUE(S) SingTel 248,685,345 STXPOKWIOO 214,311,162 DBS Grp 185,135,696 SGX 163,780,120 UOB 119,293,300 Keppel Corp 106,771,328 Capita Land 97,164,800 CityDev 91,040,080 Firstßes 82,991,860 OCBC Bk
      52 words
    • Article
      Lock icon RISES
      107 6 CLOSE UP STI 3700SGAePW/*****8 94 32.0 51.6 Haw Par Con 690 22.0 3.3 Asia Pac Brew 1270 20.0 1.6 STI 3400SGAePW/*****0 80 20.0 33.3 DBS MBLePW/*****7 68.5 17.0 33.0 SGX DB ePW/*****3 72.5 16.0 28.3 STI 3800SGAePW/*****8 95 14.0 17.3 DBS DBePW/*****8 31.5 13.0 70.3 OCBC Bk BNPePW/*****8 31
      107 words
    • Article
      Lock icon FALLS
      119 6 BY CENTS CLOSE DOWN GLD 10US$ 8890-250.1 -1.9 China H 10US$ 1803-167.2 -6.1 Jardine C&C 1950-146.0 -7.0 DBS MBLiCW*****0 576 -99.0 -14.7 ISMSCI India 100 957 -98.6 -6.7 JMH 2690 -88.6 -2.3 CIMBAsean40 100US$ 952 -85.7 -5.9 Kei MBLiCW*****0 386 -74.0 -16.1 SGX 932 -68.0 -6.8 DBS Gri 1820
      119 words
    • Article
      Lock icon CURRENCIES
      85 6 Where S$ stands Ian 16 %CHNG CLOSE FRJan 15 YR 2008/07 S$ FOW S$ HIGH USS 1.4290 0.01 1.5479 1.4257 Euro 2.1166 0.32 2.1639 1.9913 Pounds 2.8000 0.11 3.1194 2.7885 AS 1.2547 2.46 1.3555 1.1741 Yen* 1.3457 -1.24 1.3821 1.2285 Rupiah* 0.***** -0.04 0.***** 0.***** Baht* 4.3133 0.01 4.5700
      85 words
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      Lock icon Page 7 Advertisements Column 1
      86 7 THE LIMITED-EDITION WYLER GENEVE TOURBILLON WITH POWER RESERVE, TRUST INDEX, GMT SUB-DIAL AND UNIQUE SPRING-MOUNTED ALUMINIUM BRIDGES FOR THE TOURBILLON CAGE. y^H wyler <ift}> CORTINA WATCH ESPACE: Singapore: Millenia Walk Tel: 65-6339 1728 Malaysia: Starhill Gallery Tel: 03-2142 1171 Thailand: Erawan Bangkok Tel: 66-2250 7999 7 CORTINA WATCH BOUTIQUES: Singapore:
      86 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Retail sales here to rise 4.2% in H1: MasterCard
      457 8  -  LYNETTE KHOO It's expected to hit $17.6b; survey also forecast slower GDP growth of 5% in H1 By WITH private consumption seen holding steady in the first half of this year, retail sales in Singapore are expected to post a sturdy
      457 words
    • Article, Illustration
      Lock icon World's first Fifa store opens at Changi Terminal 3
      298 8  -  ARTHUR LEE By TRAVELLERS through Changi's new Terminal 3 are to be reminded every day of the spirit of football's World Cup Final day. The world's first Fifa store opened there yesterday afternoon, and present at the kick-off was Tan Lye
      ARTHUR LEE  -  298 words
    • Article
      Lock icon 'The Contender Asia' is here; more to follow
      326 8  -  QUAH CHIN CHIN By THE first reality television series produced in Singapore, The Contender Asia, had its debut last night and it looks like many more Asian-flavoured reality shows could soon be coming to our screens. Renowned reality TV producer Mark Burnett
      326 words
    • Article, Illustration
      Lock icon Las Vegas Sands draws down $2b for S'pore IR
      543 8 Bloomberg LAS Vegas Sands Corp, the world's largest casino operator by market value, has drawn down $2 billion from its credit facility for the building of a Singapore casino, it said in a statement yesterday. The company is paying an interest
      – Bloomberg  -  543 words
    • Article
      Lock icon Transitional office site fetches just one bid
      409 8  -  ARTHUR SIM Mezzo's $7.8 m offer for Aljunied site also below expectations By INTRODUCED as a quick fix to address the shortage of office space, the new transitional office sites may just as quickly become redundant. The Urban Redevelopment Authority (URA) closed the
      409 words
    • Article
      Lock icon ITE rolls out new marine industry course in April
      269 8  -  /VINCENT WEE Bl A NEW course to meet the manpower needs of the marine industry was announced yesterday by the Institute of Technical Education (ITE). The two-year higher national ITE certificate (Higher Nitec) in Marine Offshore Engineering course will begin in
      269 words
  • Page 8 Advertisements
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      181 8 GLOBALEDUPRENEURPROGRAM The Sunday Times 20 Aug 2006 E**^ rtj'm p »i •**********^n i■. i j j ||< mmmmum\r mmmmm a -'*mmmmmm****—m _> i. >_ -j i_ l 1 i_i -1 2u l ll _-__i L > j 7. 1: Ul .m Il 1 THIS FREE SEMINAR CAN TOTALLY CHANGE YOUR
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      105 8 Our qualified professionals WtmJ can assist you with offshore H 3 structures, shelf companies jjjr( and incorporations in ALL jurisdictions including: British Virgin Islands E^ Cayman Islands 7^| Bahamas rf|Ul Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore
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      232 9 Welcome home. I ■■'--'-f'mmS^^a I _JB B|f- j Wr J| J V I ;;:'VyOfflf FOR THE PLEASURES OF OWNERSHIP, PLEASE CONTACT I J &Ste >^^SB Embassyof Annrt«, a «t > 4 BB Philippines r J -dfcfc J X"^' Shangri-La City Developments Limited ml Ws&M British High Grange Tanglin Mall a
      232 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon New field for marine, offshore firms
      1056 10 China's rise as a marine and offshore player offers opportunities for Singapore's companies, reports CHUANG PECK MING CHINA'S red-hot economy has turned the country into an oil guzzler matched only by the United States and that should have Singapore's marine and offshore industry salivating
      1,056 words
    • Article, Illustration
      Lock icon Keppel to increase shipyard capacity in Nantong
      223 10 SINGAPORE-BASED Keppel Offshore Marine (Keppel O&M) has been kept busy since it acquired a shipyard in eastern China in May 2005. "Within a short span of two years, the yard ramped up operations to include an order book of 23 new vessels under
      FILE PHOTO  -  223 words
    • Article
      Lock icon Pamarine finds China fruitful but challenging
      418 10 Issues include Chinese law, preference for US$ CHINA is Pamarine's largest overseas market. Half of its sales revenues outside Singapore comes from the Chinese market and the contribution is set to expand further, according to Ho Gim Eng, the company's managing director. The expansion
      418 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      172 10 i Seminar Series: Doing Business in India A jl A one-day seminar exploring market opportunities and highlighting issues that companies should look out for when expanding into India. WJ Hear rom our distinguished speakers and practitioners about: Latest developments to the Comprehensive Economic Cooperation Agreement Date: Tuesday, 29 January 2008
      172 words
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      Lock icon Page 10 Advertisements Column 2
      46 10 ;«4 ISJ =r The Business Times SINGAPORE Singapore Singapore International a weekly industry-focused series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com
      46 words
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  • ECONOMY WATCH
    • Article
      Lock icon All eyes on Fed as main line of defence against recession
      611 11 Reuters Many sceptical that spending measures, tax cuts will help [CHICAGO] Concern that the Federal Reserve's interest rate cuts will have a limited impact on economic growth, and may risk fuelling inflation, have led to calls for a fiscal
      Reuters  -  611 words
    • Article, Illustration
      Lock icon World leaders uneasy over high oil prices
      518 11 Reuters [LONDON] World leaders are becoming increasingly uncomfortable with oil near US$lOO, saying that prices at these heights posed a threat to their already vulnerable economies. Many analysts said that oil prices are likely to stay near current levels which, when adjusted for
      – Reuters; REUTERS  -  518 words
    • Article
      Lock icon Japan's woes mount as yen hits 32-month high
      592 11  -  ANTHONY ROWLEY Consumer sentiment falls to 5-year low; stocks dive over 3% By By in Tokyo JAPAN'S slowing economy slid deeper into trouble yesterday as the yen surged to a 32-month high against the US dollar, threatening exports, while consumer sentiment hit
      592 words
    • Article
      Lock icon Democrats lay groundwork to boost economy
      579 11 Reuters Stimulus plan likely to include tax rebates to stave off possible recession [WASHINGTON] Democratic leaders in the US House of Representatives on Tuesday began laying the groundwork for an economic stimulus plan of about US$lOO billion that is likely to include tax rebates
      Reuters  -  579 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      23 11 Ift 4^os. I Lianhe Zaobao I I youtiao or I dough fritters I to be on the menu of I Shanghai KFC I
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      Lock icon Page 11 Advertisements Column 2
      832 11 If you are in any of these situations: V 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
      832 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Tenaga Q1 profit up 22% on strong demand, forex gain
      519 12 Reuters Quarterly net profit surges to RMl.5lb, posts RM242.4m forex translation gain [KUALA LUMPUR] Malaysian power utility Tenaga Nasional reported a 22 per cent rise in first-quarter net profit on Tuesday, helped by strong demand and currency translation gains. But
      – Reuters  -  519 words
    • Article, Illustration
      Lock icon Air Asia buys options to offset oil hedging losses
      571 12 Bloomberg [SINGAPORE] Air Asia Bhd, Asia's biggest discount carrier by fleet size, said that it has bought options to protect against potential derivative losses from hedging oil. The airline bought call options in December that will offset potential losses from an
      Bloomberg; FILE PHOTO  -  571 words
    • Article
      Lock icon BURSA MALAYSIA
      2273 12 Ian 16 RM C000) ASM Realty 0.83 \bric Bhd 0.25 advance Synergy 0.20 Adventa Bhd 1.42 AeMuIti Hldgs 0.29 Win Holdings 2.61 Ahmad Zaki Resou 1.69 AicCorp 0.71 \irasia Bhd 1.51 Akn Technology 0.61 alliance Financi 3.02 AluminiumCo 1.20 Amalgamated Ind 0.52 Grp ....unch tamb Hldgs Bhd 3.82
      2,273 words
    • Article
      Lock icon Suharto regains consciousness but still weak: doctors
      416 12 Reuters [JAKARTA] Former Indonesian president Suharto has regained full consciousness and his breathing has improved enough that he may be taken off a ventilator, doctors said yesterday. A medical team has been battling to save 86-year-old Mr Suharto, who ruled Indonesia for more
      – Reuters  -  416 words
    • Article
      Lock icon Telkomsel says 2007 revenue up nearly 24%
      226 12 ■Reuters [JAKARTA] Indonesia's largest mobile phone operator, PT Telekomunikasi Selular (Telkomsel), said yesterday that its revenue increased nearly 24 per cent in 2007, thanks to strong subscriber growth. In 2006, Telkomsel posted a net operating revenue of 29.15 trillion rupiah (554.4 billion). Telkomsel's
      ■Reuters  -  226 words
    • Article
      Lock icon KL acting to avert food shortages
      230 12 -AFP [KUALA LUMPUR] Malaysia is planning to bar Singaporeans and Thais from taking home staple foods like flour and sugar to avert shortages of the subsidised goods, reports said yesterday. The move comes after the government was forced last week to flood the market
      -AFP  -  230 words
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  • FOCUS: CHINA-INDIA
    • Article
      Lock icon The purchasing power parity view
      882 13 Yuan isn't massively undervalued and economic growth in China and India isn't as rapid as thought, says ANDY MUKHERJEE THE World Bank may have unwittingly succeeded in shaving half a percentage point from global economic growth and in acquitting China's yuan from charges of massive
      882 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      627 13 E&O'S LEGACY OF I I EXCELLENCE EVIDENT IN I Ij^Jß^fl BR^I ITS LATEST OFFERING I For savvy investors in the Malaysian property market, E&O Property Development Bhd (E&OProp) is a brand name K^Kg Ek ES synonymous with premier lifestyle developments. The company's brand equity lies in its strong heritage associated
      627 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Hong Kong puts off easing of short-selling curbs till H2
      686 14 Reuters Breather for falling markets amid fears of US recession due to sub-prime woes [HONG KONG] Hong Kong Exchanges and Clearing Ltd, Asia's largest listed bourse operator, expects a plan to relax curbs on short-selling to be postponed until at
      – Reuters  -  686 words
    • Article, Illustration
      Lock icon South China hit by severe power crunch
      388 14 -AFP [BEIJING] Southern China has been hit by the worst energy crunch in five years, with large parts of the area's power-generating capacity left idle due to a coal shortage, state press reported yesterday. Guangdong province, a main industrial hub, has been affected,
      -AFP; BLOOMBERG  -  388 words
    • Article
      Lock icon China banks told to hold more cash reserve
      407 14 Reuters [BEIJING] China yesterday raised the proportion of deposits that banks must hold in reserve for the eleventh time since the start of 2007, extending a long-running campaign to mop up excess cash in the banking system. The 0.5 percentage point increase
      – Reuters  -  407 words
    • Article
      Lock icon Infosys BPO sees more contracts as US banks cut costs
      384 14 Bloomberg [NEW DELHI] Infosys Technologies Ltd, India's sec-ond-largest computer services provider, said its back-office services unit is likely to win more contracts from financial firms as the US mortgage meltdown forces banks to cut costs. The crisis in the US
      Bloomberg  -  384 words
    • Article
      Lock icon Health workers culling chickens in east India
      124 14 .-AP [CALCUTTA] Health workers yesterday began slaughtering hundreds of thousands of chickens after an outbreak of bird flu killed more than 35,000 birds in eastern India over the last week, officials said. The federal government confirmed on Tuesday that the birds were infected
      .-AP  -  124 words
    • Article
      Lock icon Tata chief hints at Fiat help with Nano
      297 14 Reuters [MILAN] The chairman of Indian automaker Tata Motors has left open the possibility of bringing the Nano to Europe and hinted at Fiat helping it out with the world's cheapest car. In an interview with Italian car magazine Automobilismo Ratan Tata
      Reuters  -  297 words
    • Article
      Lock icon Changi among bidders for airport
      167 14 Bloomberg [MUMBAI] Singapore's Changi Airports International, Fraport, owner of Frankfurt airport, Larsen Toubro and 20 other companies have bid to develop an airport in north India under a partnership plan. The bids submitted to develop an international airport in Amritsar in Punjab state by Larsen
      – Bloomberg  -  167 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      199 14 A Brand New Year. A Brand New 91.3. A Brand New Nokia A rare chance to profit from high fuel prices and get your very 5310 XDTeSSMIJSIC PhOne"^ own piece of the 300 billion dollar fuel business. Over 90% of corporate fleets pay too much roi This tech-based, business to
      199 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Factory output unchanged in December
      513 15 Bloomberg LATEST US DATA Weak manufacturing activity mainly in housing and auto industries: analyst [WASHINGTON] Consumer prices in the US rose at a slower pace in December, signalling that inflation may decelerate after recording its fastest pace in 17 years in 2007. The cost of
      – Bloomberg; BLOOMBERG 7  -  513 words
    • Article
      Lock icon Greenspan to be adviser to Paulson
      575 15 Bloomberg Hedge-fund firm gained from collapse of sub-prime market [LONDON/NEW YORK] Alan Greenspan, who helped increase housing prices with low interest rates as Federal Reserve chairman, will advise Paulson Co, the hedge-fund firm that profited from the collapse of the US sub-prime mortgage market.
      Bloomberg  -  575 words
    • Article
      Lock icon JPMorgan Q4 profits fall, miss analysts' estimates
      286 15 Bloomberg [NEW YORK] JPMorgan Chase Co, the thirdbiggest US bank, said profit fell 34 per cent, more than analysts estimated, after US$l.3 billion of writedowns for sub-prime mortgage investments. Fourth-quarter net income fell to U552.97 billion, or 86 cents a share, from U554.53
      – Bloomberg  -  286 words
    • Article, Illustration
      Lock icon Romney's Michigan win shakes up Republican race
      289 15 Bloomberg [DETROIT] Republican Mitt Romney has revived his flickering White House hopes, powering to a Michigan primary victory as worries about the US economy increasingly define the 2008 election battle. "Tonight marks the beginning of a comeback, a comeback for America," the former
      – Bloomberg; AFP  -  289 words
    • Article
      Lock icon SIVs' asset value falls to 53% of capital: Moody's
      418 15 0 Bloomberg [LONDON] The net asset value of structured investment vehicles (SIVs) fell to 53 per cent of capital, the lowest on record, as they sold assets to repay debt, Moody's Investors Service said. The amount that would be left after
      0~„~.,. -— – Bloomberg  -  418 words
    • Article
      Lock icon BoA curbs investment banking
      337 15 -NYT [NEW YORK] Banking giant Bank of America said on Tuesday that it was scaling back its investment banking operations, shedding an additional 650 jobs after suffering heavy trading losses from bad mortgage investments. The layoffs will be on top of 500 jobs that were eliminated
      -NYT  -  337 words
  • Page 15 Advertisements
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      70 15 If you are facing any of the following: Sup 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 transacting over
      70 words
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      283 16 11l Ps_r K.X1 _^r _^^_____r i£3t -"^__l —^^^^8 j^l *"~~i^_________________^^S__i______^____ j^mw ____K________ir^ P^^__i____p__i^sffffoW_____T_______?-ra^^____^B! __^_____i ra<^:2il_SSssn_M___________l______^^ __^Z______ I*" ?__faS!^ ____te_!^^^ _____^l _r^__^ ____^"""hw^ j*' \__pf_s^^ _^__Bu __v_____£ I y^MMMMMmw^AwkW ________n_^9v____ ______\\^______f ____r l__i? v^w I l_^***^ /_w_l__^U 1 A V Hk^ssp^'^____^ Wr/'MSr 4LmWr%mmZ I <*mWWk%. __^y Hill I ii ir J
      283 words
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  • AVIATION
    • Article
      Lock icon Airbus expected to beat Boeing in jet orders
      480 17 -AP But bumper orders may not offset cut in revenue as a result of strong euro [TOULOUSE] Airbus chief executive Thomas Enders was expected to announce that 2007 was a record year for passenger jet orders and deliveries, allowing the European planemaker
      -AP  -  480 words
    • Article
      Lock icon Sean Lee named to Airbus regional post
      198 17  -  VENSREENIVASAN By AVIATION public relations specialist Scan Lee has been appointed by European aircraft manufacturer Airbus to head up its regional corporate communications. Mr Lee, 47, worked with the European planemaker's public relations division between 1990 and 2001, first in Toulouse, and then
      198 words
    • Article
      Lock icon Cathay to back Air China bid for CEA
      154 17 Reuters [HONG KONG] Cathay Pacific Airways, Hong Kong's flagship airline, will support any possible bid made by Air China group for China Eastern Airlines (CEA), chief executive Tony Tyler said yesterday. "We're happy to support any proposal Air China may make. They
      – Reuters  -  154 words
    • Article, Illustration
      Lock icon Heathrow unveils new BA-exclusive terminal
      609 17 -AP [LONDON] British Airways (BA) showed off its new terminal at Heathrow Airport on Tuesday, a light-floo-ded, gleaming white modern facility boasting the latest technology, a first-class lounge with a cinema and a five-storey-high wall of windows offering a view of Windsor Castle. Terminal 5
      -AP; BLOOMBERG  -  609 words
    • Article
      Lock icon Report of Delta merger talks lifts US airlines
      241 17 Bloomberg [WASHINGTON] Northwest Airlines Corp led large US carriers higher as a report that Delta Air Lines Inc opened merger talks with Northwest and United Airlines heightened speculation that negotiations may extend to other rivals. Delta hopes to reach a deal with
      Bloomberg  -  241 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPATURES
      2351 17 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
      2,351 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      378 17 CRYPTIC CROSSWORD ACROSS I A vote for the workers I r f i [4 [j I |g 7 Dog that's left on the bridge HH 8 Vegetable requiring an even i 10 Think about game 20 _HH_HB_BB_B^^^JH_BB_BB_ I 1 The Queen is by the bed- MB H^ flfl HI room
      378 words
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  • SHIPPING
    • Article
      Lock icon Hanjin to invest US$2b in Philippines' biggest shipyard
      269 18  -  ALEC ALMAZAN Company's second yard in the country will cover 442 ha and include plant to supply ship parts By in Manila SOUTH Korean shipbuilder Hanjin Heavy Industries and Construction Corp has signed a deal to build the Philippines' biggest shipyard in
      269 words
    • Article
      Lock icon Mitsui OSK dives 5.4% as shipping lines hit
      227 18 i Bloomberg TOKYO] Mitsui OSK Lines Ltd, Japan's second-largest shipping line, fell to the owest in a year, after an unexpected drop in US "etail sales added to concern demand for carrying cargo may slow. Mitsui OSK feU 5.4 per cent to
      i— – Bloomberg  -  227 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        109 18 '000 H Offshore 0.58 -0.06 5837 Chuan Hup Hldgs ....0.34 -0.03 1351 CoscoCorp 4.68 -0.30 ***** CWTLtd 0.92 -0.03 245 Ezra Hldgs 2.65 -0.22 2244 First Ship Lease 1.18 -0.02 1139 Freight Links 0.08 -0.01 2333 Srand Banks 0.84 -0.07 20 laya Hold Ltd 1.60 unch 305 KWentures 0.18
        109 words
      • Article
        Lock icon KLSE
        36 18 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 1.07 -0.05 310 9.65 -0.15 910 9.70 -0.25 694 4.16 -0.18 2306 3.12 0.04 233 0.23 -0.01 35 0.18 unch 113
        36 words
      • Article
        Lock icon BANGKOK
        10 18 ■oo 'recious Ship .22.80 .27.00 0.10 unch 1753 829
        10 words
      • Article
        Lock icon HONGKONG
        11 18 '000 Doil iingamas Cont 44.95 -3.90 2451 2.59 -0.13 6828
        11 words
      • Article
        Lock icon PHILIPPINES
        22 18 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.80 unch 316 40.50 -1.50 1264 2.30 0.12 1251 1.80 unch 15
        22 words
      • Article
        Lock icon TAIPEI
        22 18 Evergreen Marine ..29.70 -2.20 :irst Steamship 71.60 0.50 /Van Hai Lines 28.60 -1.40 41 9 16 t'ana Mina Marine 23.20 -1.60
        22 words
      • Article
        Lock icon TOKYO
        36 18 '000 :awasaki Hvylnd.251.00 -18.00 ***** :awasaki Kisen ...917.00 -43.00 ***** Mitsubishi Hvy 390.00 -23.00 ***** Mitsui Eng&Sbldg 321.00 -14.00 ***** Mitsui Osk Lines .1149.00 -94.00 ***** Jippon Express ....565.00 7.00 ***** JipponYusen 769.00 -38.00 9100
        36 words
    • Article, Illustration
      Lock icon Canberra, Tokyo join whaling fray
      457 18 AFP Sea Shepherd duo who boarded Japan vessel still detained [SYDNEY] A high-seas standoff between Japanese whalers and militant an-ti-whaling activists in the icy waters of the Antarctic drew the governments of Australia and Japan into the fray yesterday. At the centre of the row
      AFP; REUTERS  -  457 words
    • Article
      Lock icon France to build military base in Abu Dhabi by 2009
      613 18 -AFP [PARIS] France's first permanent military base since the end of the colonial period gives it a strategic role in the Strait of Hormuz bordering Iran, the main supply route for world oil. France and the United Arab Emirates (UAE)
      -AFP  -  613 words
    • Article, Illustration
      Lock icon Freight rates seen rising in June after ore talks
      414 18 Bloomberg [SINGAPORE] Shipping costs for iron ore, coal and other commodities may rebound in the second half of this year after annual iron ore price talks are completed, CIMB-GK Research Pte says. Chinese importers of iron ore, the main material for
      – Bloomberg; REUTERS  -  414 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Shift to greener cars accelerates
      461 19 WHAT better time could there be for carmakers to signal a mood shift than the centenary of the Detroit auto show. Still, gas guzzlers still dominate the show, since car companies can't ignore current market realities. Nevertheless, for the future, they are also hyping green
      461 words
    • Article, Illustration
      Lock icon China's budget hotels profit from no frills
      1320 19  -  SAMUEL SHEN Reuters China's business travel market is worth about USslob, according to American Express By GERMAN engineer Michael Bosch is not fazed by the lack of a gym and other creature comforts at his budget hotel in a converted Shanghai office building.
      Reuters; REUTERS  -  1,320 words
    • Article, Illustration
      Lock icon Sovereign wealth funds in financial power shift
      791 19  -  ANTHONY ROWLEY THE BOTTOM LINE CALL it breathtaking hypocrisy or just cynical pragmatism the sudden swing in the attitude of "advanced" nations towards sovereign wealth funds from emerging economies is a wonder to behold. A few months ago, these new sources of global
      791 words
    • Article, Illustration
      Lock icon Election-time economic sweeteners
      855 20  -  ROBERT SAMUELSON Some benefits are okay, but a big pump-priming will be justified only if the economy worsened considerably more YOU have no doubt heard the well-worn dictum of Karl yon Clausewitz, the great Prussian military strategist, that war is the extension of politics by other means.
      REUTERS  -  855 words
    • Article, Illustration
      Lock icon Don't tinker with the economy
      995 20  -  AMITY SHLAES Bloomberg By ONE reason the White House, Congress and the presidential candidates are talking so easily nowadays about tinkering with the US economy is that economic experts have already endorsed the concept of such short-term measures. Former treasury secretary Larry Summers has suggested
      – Bloomberg; AFP  -  995 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6510 21 Transaction date: Jan 16 52-wks Tel )h Low Code Last Sale Vol ('000) Hil Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap $mil Hii Com[ 1 an; 5716 1st Software 22 8.5 3148 STelecom i i 107 98 6389 ABF SG Bond
      6,510 words
    • Article
      Lock icon SGX XTRANET
      80 21 52-Wk Tel High Low Code Com Last Sale Vol Cooo) Day Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E $mil Hii 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170
      80 words
    • Article
      Lock icon SGX CATALIST
      2117 21 _k Tel Low Code Last Sale Vol COOP] lay I Low Bui _ast Quote Div /er Seller C'vr Net P/E Cap imil Hll Comi Hll 30 11.5 1181 s AAGrp 41.5 20.5 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 3.5 1501 s Advanced System 70.5
      2,117 words
    • Article
      Lock icon CLOB INTERNATIONAL
      201 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      201 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      371 22 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 15 World Index Preliminan 1058.6 -2.3 -3.8 -2.3 -6.1 -2.2 0.' t EAFE Preliminan 1037.7 -2.4 -6.3 -2.3 -4.8 -2.2 2.: Euro[ Preliminary 1431.1
      371 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 22 As at 9am Jan 16 Singapore dollars to one unit of foreign currency: Currencies Bid t Offer Aust dollar 1.2550 1.2700 Can dollar 1.3950 1.4110 Euro 2.1050 2.1280 NZ dollar 1.1020 1.1260 terlinc und 2.7860 2.8170 US dollar 1.4220 1.4380 Local dollars to 100 units of
      133 words
    • Article
      Lock icon INTERBANK RATES
      159 22 Jan 16 ler Overnight 3/4 1-month 1 1/2 2-months 1 9/16 3-months 1 3/4 Overnight mode: 1.30 US$ Offer 1/2 1 3/8 1 7/16 1 5/8 Bid 7 days 1 month 2 months 3 months 9 months 3.88 6 months 12 months SFr 4.29 3.98 3.95 3.93 3.53
      159 words
    • Article
      Lock icon STOCK INDEX FUTURES
      16 22 Jan 16 STI ilMSCI Jan 373.5 380.3 373.7 "aiwan Jan 320.9 324.3 314.4
      16 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 22 Jan 16 Bid Offer 1-month 1.4255 1.4268 2-months 1.4232 1.4246 3-months 1.4207 1.4221 6-months 1.4145 1.416 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 22 Jan 16 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2587 1.2603 0.8809 0.8813 Canadian dollar 1.3965 1.3981 0.9773 0.9777 Euro 2.1176 2.1194 1.4820 1.4821 NZ dollar 1.1084 1.1107 0.7757 0.7767 terlinc nd 2.7995 2.8022 1.9592 1.9596
      157 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      363 22 Jan 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar08 Jun08 Sep08 Dec08 96.465 96.975 97.175 97.240 0 0 0 0 ***** ***** 8902 5515 EUROYEN FUTURES Mar08 99.220 99.225 Jun08 99.365 99.375 Sep08 99.395 99.405 Dec08 99.370 99.380B Mar09 99.335 99.345 Jun09 99.300 99.300 Sep09
      363 words
    • Article
      Lock icon SICOM FUTURES
      280 22 Jan 16 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul/Sep 08 378.25 380.00 385.75 387.25 387.25 388.25 RSS 3 (US cents/kg) Month Hja Low Sett Volume (tonnes) Open
      280 words
    • Article
      Lock icon CHICAGO BOT
      102 22 Jan IS\ SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar08 1301.50 1296.50 1314.00 1286.50 May 08 1319.75 1314.50 1331.00 1305.00 Jul 08 1337.25 1332.00 1350.00 1321.00 Aug 08 1329.00 -1331.00 1319.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 08 53.31 53.17 53.40 52.70 May
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      74 22 CRUDE OIL PRODUCTS Jan IS CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 91.02 -1.62 WTI(NearMth) 91.74 -2.48 Dubai (1-Mth F) 87.49 1.3 Tapis blend 97.65 1.35 Minas 96 1.3 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 94.50 106.90 1.03 1.25 USS/barrel Opec Oil Basket Price
      74 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 22 Jan 16 AS_ Rmb Euro HKS Ind Rs Rut Yen Won RM NZS Pak Rs Peso Rand Sfr NTS Baht Pound USS Australia 0.901 6.374 0.595 6.871 34.596 83.149 0.936 8.283 2.880 1.135 55.082 35.878 1.259 6.041 0.958 28.432 29.195 0.450 0.881 Canada 1.109 7.071 0.660 7.623
      466 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 22 Jan 16 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****F 17.04.08 1-Year BY*****A 29.09.08 1.50 1.57 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 SIBOR
      76 22 Jan 16 1 mth 2 mths 4.***** 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** 4.***** 1.***** 3 mths 3.***** 1.***** 6 mths 9 mths 12 mths 3.***** 3.***** 3.***** 2.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 2.***** 4yrs 2.***** 5yrs
      76 words
    • Article
      Lock icon PALM OIL
      61 22 Jan 16 Delivery Month Opening Range Sett Av Price Price Hii Low Vol Open Done Position Jan 08 3334 3272 3350 3269 1389 3600 Feb OS 3335 3278 3352 3267 6473 ***** MarO8 3322 3263 3342 3262 ***** ***** Apr 08 3323 3260 3333 3258 1861 1622 Total
      61 words
    • Article
      Lock icon PRECIOUS METALS
      163 22 Jan 16 GOLD (USS/oz) Jan 16 Jan IS GOLD BULLION COINS Hong Kong London 885.50 905.20 886.50 906.20 Jan 15 Jan 14 909.40 907.80 910.10 908.50 Source: Reuters (S$) Selling Buying 1 oz 1422.03 1281 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $498.62 409 SILVER Selling Buying
      163 words
    • Article
      Lock icon LONDON METALS
      71 22 Jan 15 iriti iiuiii, yy.i (US$/tonne) h Close Previous Cash 2437.00 2501.00 3 months 2485.00 2548.00 Copper, Grade A (US$/tonne) Cash 3 months 7145.50 7160.00 7382.00 7400.00 Lead (US$/tonne) Cash 2643.00 3 months 2654.50 2723.00 2730.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash
      71 words
    • Article
      Lock icon LIFFE
      82 22 Jan 15 (£/tonne) Close Prev Hit h/Low Mar 08 1132 1146 1154/1130 May 08 1151 1165 1173/1149 Jul 08 1178 1192 1197/1176 Sep 08 1164 1177 1182/1164 COFFEE (US$/tonne) Close Pev High/Low Jan 08 1978 1994 2008/1975 Mar 08 2001 2024 2033/1985 May 08 2027 2047 2057/2010 Jul 08
      82 words
    • Article
      Lock icon BONDS & WARRANTS
      2444 22 BONDS WARRANTS Fel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left !036AdvanceSCTLtd W*****9 20 -5 87 !835Allgreen RBeCW*****6 1 -1 20 #ArianeCorp Ltd W*****9 1.5 -1.5 665 1 87 0.5 218 1 5 42 3.78 31 4 23 1092 Asia
      2,444 words
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      Lock icon Page 23 Advertisements Column 1
      3243 23 Shipping times \\\\}^_\f KPfl ffCT^BfflWffltl Jff^fffltßffffil I WAN HAI INTERNATIONAL PTE LTD (RN0:**********0/R W __X^_M St.E ll:ld!ffllMi^M>Bkalal!BliBHBB BalM TEL *****588 (14 LINES) FAX: *****163 V "^^^■T^^^^^H gFKj 839&E V\\M IIA/AN HAI INrN Custom* SOTice/BookingsDirert line-(1800) *****200 I I 1*X^»1" I I ***** iBSE V V IIHII H#tl LlllfcJ PHI TEL:
      3,243 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      3196 24 0° 1 'Cj. WEEKLY EXPRESS SAILING SCHEDULE Lfl^^^JpS VESSEL VOY I PKL I SJN~ KHI I DXB ~BAB I DMM BIK ~KHO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS N FCLT-Hf r^tn Fml ANNAE PCLB243 25/01 26/01 SKIP 08/02 09/02 15/02 17/02 19/02 VESSEL I VOY I SIN
      3,196 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      3674 25 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 SlNDesfnName Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name
      3,674 words
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  • PROPERTY
    • Article, Illustration
      Lock icon HK's Far East to spin off hotels into US$513m Reit
      602 26 Reuters It'll own up to 75% of the trust and expects HKsl.22b gain from the move [HONG KONG] Far East Consortium International Ltd plans to spin off its hotels into a property trust worth at least US$5l3 million to raise
      Reuters; BLOOMBERG  -  602 words
    • Article
      Lock icon UK housing market falls in Dec
      705 26 Bloomberg Worst performance since aftermath of 1992 recession [LONDON] UK real estate professionals said that December was the worst month for the housing market since the aftermath of Britain's last recession in 1992. The number of real estate agents and surveyors saying that prices
      Bloomberg  -  705 words
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      Lock icon Marina Bay Suites priced around $3,000 psf
      447 27  -  ARTHUR SIM Over 600 potential buyers, half foreigners, have registered interest to buy units in 221-unit project By AT around $3,000 psf, the next luxury development to go on sale Marina Bay Suites looks like it could actually be quite reasonably priced, especially
      447 words
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      175 26 H HOTEL COMMERCIAL SITE FOR SALE BY TENDER •Land-SlOOsqfttapprox) k—r== r^^^^S behold site along Changi Road ,v™ eT Si "9»>»re EunosßusTli -Site area 26.4335q ft. Builtup gOOOsqfttapp^ 0"1"- **i^ P Ot Rat io up to 3.0 12 strata units (Bofcs/4shops) Suitable for Hotel/Commercial IdealfbrSMCsJnstitution ™cen, re JUongub.cc Development cZOytex 121——
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      260 26 Freehold 5-storey Boutique Development Swimming Pool, Gym Landscape Garden Biometric Security Access Rllilnlii*-. HH-^^W ■lsrJ- tl A/ /"'III I •Expected TOP Date: Year 2010 FV*m*^ JB__r* 1T 't ffl _^_^_^_^_H DEVELOPED BY Shopping C_ntr e \t)«i^i—-—^ -^fc Balestier Hill __f_r_|itw%. Thomson Pri/SecSchool mmmmx*. -""T Catholic Jonior College MedicalCenlrel___ s fes
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      1539 27 THE RIVERWALK joMCMI :r i_m^_W\___iiS^'^^^m _B% 1 _Bp!¥-^*-'«iii;.ii tstlWSsiP"^' _B__k^^_Si Excellent Redevelopment Site Along Singapore River I' For Iconic Development. 7 7] 7~7 Singaporeßyer—»T] Superior location with regular site configuration Furt Canning Park Funan g™ /X!""// n"H"' -Land 74,206 sq ft (approx),LH99wef 15/12/1980 iS!S."I"n Existing GFA of 396,827 sq ft
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  • BizIT
    • Article, Illustration
      Lock icon A*Star holds global search engine contest
      747 28 The US$lOO,OOO Star Challenge expects to attract top global talent such as software engineers, researchers and search media enthusiasts, writes AMIT ROY CHOUDHURY WATCH out, Google! The Agency for Science, Technology and Research (A*Star) has announced a global competition to develop the next generation
      747 words
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      Lock icon New S'pore laptop maker aims for 5% market grab
      489 28  -  ONG BOON KIAT By A NEW laptop maker has waded into a market dominated by established names like Acer, Dell, HewlettPackard and Lenovo. Backed by Indonesian investors and sporting a Hebrew word for a brand name, Axioo International has an ambitious
      489 words
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      Lock icon Jobs slims down laptop offering
      365 28 LAT-WP [WASHINGTON] At the annual show in San Francisco, Apple chief executive Steve Jobs made two major announcements but only confirmed what bloggers had already sniffed out: iTunes will start renting movies, and the company will offer a new super-thin laptop. Often, Mr Jobs' speech
      LAT-WP; AP  -  365 words
    • Article
      Lock icon Hi-speed chase
      66 28 IDA Pre-qualified consortium leads for the ongoing NetCo RFP 1 Alcatel-Lucent Singapore Pte Ltd 2 Axia Net Media Corporation 3 BT Singapore Pte Ltd 4 City Telecom (H X) Limited (Replacing Hong Kong Broadband Limited) 5 Nippon Telegraph and Telephone West Corporation 6 Nokia Siemens Networks Singapore Ptd
      IDA  -  66 words
    • Article
      Lock icon New bidders for S'pore's Net highway
      509 28  -  WINSTON CHAI Deadline for tender for infrastructure extended to May 5 By THE long road leading to the construction of Singapore's new ultra-high-speed Internet highway just got a little longer as authorities have decided to push back the closing date for an ongoing infrastructure
      509 words
    • Article
      Lock icon Apple's waif-like Macbook Air packs a big punch
      572 28  -  ONG BOON KIAT By SLIM, slim and slim. That's likely the overriding first impression that many will have of Apple's newest laptop PC Macbook Air a laptop so sleek it will surely provoke ooh's and ah's and questions like "how did they
      572 words
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  • BizIT-IN'SPIRE ROUNDTABLE
    • Article, Illustration
      Lock icon Aligning IT to grow the business
      2851 29 AMIT ROY CHOUDHURY talks to IT heads to find out how they've aligned IT with the business strategy of their companies COMPANIES have invested heavily in information technology (IT) while trying to maintain competitive parity and support business growth. The challenge that these organisations
      2,851 words
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