The Business Times, 22 January 2008

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Tuesday, January 22,2008
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  • Article
    Lock icon Investment bar set high, but EDB expects to cross it
    737 1  -  RONNIE LIM It forecasts another bumper year despite prospects of global economic slowdown By [SINGAPORE] The world's economy may be slowing down, but Singapore expects to continue attracting huge investments this year that will spur growth and create jobs. If
    737 words
  • Article
    Lock icon The outlook
    43 1 Total value-added per annum generated from projects $11.6b $12-14b :ixed asset investment from manufacturing $16.1b $16- 18b Ibtal business spending from services $3b $3-3.3b Ibtal employment creation 28,600 24,000 28,000 Skill profile (professional and skilled jobs) 65% 65 70% Source: EDB
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  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 6.75 INDONESIA 15.746 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 7.25 CANADA 6.00 SWITZERLAND 3.91 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      43 1 I COMP 1,408.60 -30.89 IIKKEI 225 13,325.94 -535.35 1ANG SENG 23,818.86 -1383.01 ;et INDEX 766.53 -23.14 JAKARTA COMP 2,485.88 -125.25 IANILACOMP 3,152.30 -16.00 ;eoulcomp 1,683.56 -51.16 ;henzhen B 667.58 -16.29 IUMBAI IND 17,605.35 -1408.35 11AM EDT Change Closed )OW IAS DAI Closed
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    • Article
      Lock icon FOREX
      39 1 IS$ (S$ )er US$) 1.442 (US$/S$ per 1.950 2.81 ;URO(US$/S$/E) 1.453 2.09. 'EN 106.30 73.8I 3.282 2.27I IK$ 7.811 5.41 IAHT 31.00 21.51 lUPIAH 9,450 6,555 1ENMINBI 7.237 5.02 INDIAN RUPEE 39.41 27.3. 1.145 0.79. IZ$ 1.322 0.917
      39 words
  • Article
    Lock icon Asian markets crash while US totters
    613 1  -  YEN SREENIVASAN Recession fears hit home in plunges reminiscent of post-9/11 debacle By [SINGAPORE] It was blood on the floor across Asian bourses yesterday as investors dumped stocks amid intensifying fears of a US economic meltdown. This, despite President George W Bush last week
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      58 1 ROBINSON I MT" %1B SME I CORPORATE I SOVEREIGN Bidding war on nI»-- 5 SPOTLIGHT TRANSPARENCY INDEX FUNDS the cards If the shoe fits... 38 companies score in What's wrong with \a< jBl j w--sEgKilt Tk mW//// mm page 2 I iP? W page 12 I latest update pagess&9 I
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  • TOP STORIES
    • Article, Illustration
      Lock icon Bidding war on the cards for Robinson
      984 2  -  MICHELLE QUAH Sentiment, business reasons made offer attractive; ball now in Lippo's court By [SINGAPORE] A clash in philosophies with the Lippo Group and a belief that Al-Futtaim would cherish the Robinson and Co brand prompted shareholder Tecity, run by Chew Gek Khim,
      984 words
    • Article, Illustration
      Lock icon S'pore or Moscow to host Youth Olympics
      509 2  -  WEE JUN KAI They're the only two cities left in the race; final decision to be made in Feb By [SINGAPORE] Singapore has been shortlisted by the International Olympic Committee (IOC) as one of the two cities that will square off for the
      LIM SIN THAI/THE STRAITS TIMES  -  509 words
    • Article
      Lock icon EDB moving with new set of performance indicators
      224 2 [SINGAPORE] The Economic Development Board (EDB) says it will use new updated key performance indicators (KPIs) from this year "to more accurately reflect the nature of economic activities that we are pursuing today and in the foreseeable future". Previously, it had been
      224 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon State land sales in demand as en bloc fever cools
        61 2 SINGAPORE developers seem to be turning increasingly to state tenders instead of en bloc sales to restock their residential landbanks. Figures compiled by Credo Real Estate show that while collective sales languished in the last two quarters of 2007, sales
        61 words
      • Article
        Lock icon Bright Orient in $160m reverse takeover deal
        77 2 BRIGHT Orient Holdings is to give up its clothing manufacturing operation after buying a bulk carrier and port operation business in a reverse takeover deal worth some $160.5 million. Yesterday, Bright Orient said it entered into a conditional agreement to acquire the entire
        77 words
      • Article
        Lock icon Investors shrug off Jade-E3 China deal
        98 2 TWO relatively small listed companies have announced big money projects in China. The news should have cheered investors as both firms have suffered losses in recent years and are trading far below historical highs. The market yesterday reacted instead by sending the share price
        98 words
      • Article
        Lock icon GIC RE enters Russian real estate market
        81 2 AFTER announcing around $7 billion worth of property deals in 2007, GIC Real Estate, the property arm of the Government of Singapore Investment Corporation, said that it will develop a township on a site in Russia with a market value of US$l.33 billion.
        81 words
      • Article
        Lock icon Brunei aims to join world's top 10 richest nations
        66 2 BRUNEI, which already boasts one of the highest per capita incomes in Asia, wants to vault into the world's top 10, according to a long-range government development plan. The oil-rich nation on the weekend unveiled its "Wawasan Brunei 2035" plan which
        66 words
      • Article
        Lock icon Obstacles holding up RM3b Penang bridge project
        73 2 MORE than a year after Prime Minister Abdullah Ahmad Badawi "launched" a RM3 billion (Ssl.3 billion) second bridge between Penang and Peninsular Malaysia, the project remains problematic. Last Saturday Mr Abdullah contradicted the state's chief minister Koh Tsu Koon who had suggested two
        73 words
      • Article
        Lock icon Bank of China may post loss on sub-prime writedown
        57 2 BANK of China might post a 2007 loss because of a big writedown on billions of dollars of US sub-prime related investments, a newspaper reported yesterday, sending shares in the lender tumbling. The report heightened growing concerns about China's exposure to
        57 words
      • Article
        Lock icon India urged to speed up opening of economy
        47 2 INDIA needs to move faster on opening its economy to foreign capital and should manage its currency more actively to ensure job creation and avoid social unrest, a member of its convertibility panel, AY Rajwade, said. INDIA, PAGE 17
        47 words
    • Article, Illustration
      Lock icon State land sales in demand as en bloc fever cools
      838 3  -  KALPANA RASHIWALA Developers find pricing of GLS sites more in tune with market realities By [SINGAPORE] Developers seem to be turning increasingly to state tenders instead of en bloc sales to restock their residential landbanks. This is because land pricing
      838 words
    • Article
      Lock icon Genting confirms talks to build hotel in Sports Hub
      658 3  -  LYNETTE KHOO Shatec signs pact to be master caterer of hub for 25 years By [SINGAPORE] Genting International pic (GIL) yesterday confirmed a BT report that it is currently in preliminary talks with Singapore Sports Hub Consortium to build a hotel
      658 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      74 2 +m^^ iM Mrin "^l^Sp m.m\ I• IVmm wfftlH BUY/SELL ROLEX/PATEK PHILIPPE/ BREGUET7 PIAGET APVACHERON/IWC/ JAEGER/ OMEGA SJfES&^R #01-45 A Peninsular Plaza 6334 0155 ttM^M C^»ri #02-90K People's Park Complex 6327 4628 r 3Z-4mi^ #01-45 Theßencoolen 6333 1921 Eg^iS&SßllfiSffiSP ■kr^3P~» r #01-51 Orchard Plaza 6735 9539 #01-46 Peninsular Plaza 6334 8919
      74 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      14 2 people.,, Do we k"ow work you? (Register with us today) www.thepeopleatwork.com Asia-Pacific Executive Search
      14 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      75 3 npjF| Stamford Law Kb I Capital Markets (Debt and Equity) I Mergers Acquisitions Corporate Finance I Investment Funds I Banking Finance Asset Structured Financing I Restructuring Competition Law I Corporate Real Estate I Gaming Leisure Intellectual Property Information Technology I Litigation We are expanding We are hiring Please email us:
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      Lock icon Page 3 Advertisements Column 2
      19 3 ■S« MJ WmmM ''mmmmhil B The Fullerton Hotel Singapore 1 Fullerton Square Singapore *****8 Tel: (65) 6877 8188 www.fullertonhotel.com
      19 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index plunges below 3,000
      591 4  -  YEN SREENIVASAN STOCKS Blue chips tumble on program selldowns, margin calls and disappointment over US measures THE Singapore stock market was sent crashing below its key 3,000-point support level yesterday, as blue chips were hammered by a combination of market-wide program selldowns by institutions and
      Bloomberg  -  591 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      81 4 Up Down Unch Up Down Unch Up Down Unch lulti Ind 1 11 5 0 0 0 11 lanufacturing 16 150 36 24 10 19 174 46 Sommerce 11 49 15 15 11 64 "pt/Stor/Comms 32 34 :inance 29 29 Sonstruction 16 10 26 'roperties 41 41
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 28,465 28,465 154,737 154,737 lanufacturing 548,610 97,557 646,167 463,434 8,997 472,431 Sommerce 88,141 4,678 92,819 79,380 1,031 80,411 'pt/Stor/Comms 138,313 705 139,018 413,108 240 413,348 :inance 54,400 54,400 568,425 568,425 Sonstruciion 80,090 19,329 99,419 23,887 6,157 30,044 ■roperties 71,480
      118 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 4 SapitaLand 5.400 -0.490 SapitaMall 2.650 -0.200 SityDev 11.020 -0.680 Sosco Corp 4.630 -0.220 IBS Grp 17.500 -1.180 :&N 4.710 -0.510 Sent Intl 0.610 -0.025 IK Land 4.400 -0.230 ISH 14.700 -0.880 lardine C&C 18.040 -1.960 Seppel Corp 10.800 -0.640 Seppel Land 5.740 -0.460 IOL 2.850 -0.210
      108 words
    • Article
      Lock icon BROKERS' TAKE
      420 4  -  MATTHEW PHAN Delong Holdings Jan 21 close: 551.47 Citigroup Research, Jan 18 VALUATION compressed by multiple factors: Delong is suffering from a weakening of the steel market and the global demand outlook and the unwinding of risks in small-cap companies by investors. This has left the stock with
      420 words
    • Article, Illustration
      Lock icon Market rout will take time to unwind
      233 4  -  KEN TAI CHEE MING, CHART POINT THE Straits Times Index (STI) has hit a low of 2,917, after breaching both critical supports of 3,000 and 2,931. We believe the re-gion-wide sell-off has not abated and that the current market rout will take more
      NextVIEW  -  233 words
    • Article, Illustration
      Lock icon Dollar mixed after Bush stimulus package
      469 4 -AFP CURRENCIES [TOKYO] The dollar was mixed in Asian trade yesterday as investors remained cautious over the US outlook after Washington's decision to launch a stimulus package to revive the sagging economy, dealers said. But the forex market avoided the turbulence yesterday of Asian
      -AFP; REUTERS  -  469 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      50 4 Jan 21 VALUE CLOSE -2265.00-169.00 IT OB/OS IT CADI -*****.00-431.00 IT 10-day MA -*****.00-226.00 TSE ST Mid Cap 748.84 -41.19 TSE ST Small Cap 693.20 -33.91 TSE ST All Share 757.08 -45.66 TSE ST China 560.01 -44.73 IMSCI 355.62 -23.86 IMSCI Futures 353.00 -26.70 rimePartnersCI 184.54 -11.46
      50 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 4 VOLUME JiutianC 122,079,000 E3 Hlds 66,838,000 Biosensors 49,411,000 Sing Tel 42,165,000 Yanqzijianq 41,529,000 China Honqxinq 39,857,000 SinqTelMBLeCWOBO6O3 36,298,000 STXPOKWIOO 33,450,000 Sky Petrol 33,249,000 Capita Mall 31,097,000 VALUE(S) DBS Grp 238,128,990 Sing Tel 157,535,880 SGX 119,501,080 Keppel Corp 102,774,080 UOB 91,516,640 OCBC Bk 91,073,860 Capita Mall 87,762,206 STXPOKWIOO
      59 words
    • Article
      Lock icon RISES
      98 4 CLOSE UP ILD 10US$ 8720 28.8 0.2 ITI 3300 DBePW/*****3 73.5 22.5 44.1 ;TI3150DBePW*****3 60.5 22.0 57.1 ITI 3300SGAePW*****8 69 21.0 43.8 ITI 3350 DBePW*****2 100 19.5 24.2 ;TI3100SGAePW*****8 47 18.5 64.9 ITI 3800SGAePW*****8 106 17.5 19.8 IOBSGAePW*****0 39.5 17.5 79.5 ;TI3600BNPePW*****0 55 16.0 41.0 ITI 3700BNPePW*****8 60 14.5
      98 words
    • Article
      Lock icon FALLS
      108 4 CLOSE DOWN lardine C&C 1804-196.0 -9.8 ISMSCI India 100 819-183.0 -13.4 China H 10US$ 1763-142.7 -5.: ISH 1470-126.8 -5.6 IMH 2606-118.2 -3.1 iBS Gri 1750-118.0 -6.: IOB 1664-112.0 -6.3 'enture Con 865-103.0 -10s iBS MBLJCW*****0 522 -90.0 -14.7 IQBMBLJCW*****0 498 -82.0 -14.1 BY PERCENTAGE CLOSE DOWN ITI3100BNPeCW*****0 0.5 -83.3
      108 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      87 4 Jan 21 CHNG CLOSE FRJan 18 YR 2008/07 S$ LOW S$ HIGH USS 1.4442 -0.60 1.5479 1.4257 Euro 2.0942 0.35 2.1639 1.9913 Pounds 2.8168 0.31 3.1194 2.7885 AS 1.2587 0.03 1.3555 1.1741 Yen* 1.3613 -1.46 1.3821 1.2285 Rupiah* 0.***** -0.55 0.***** 0.***** Baht* 4.3597 -0.34 4.5700
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  • COMPANY NEWS
    • Article
      Lock icon Bright Orient to buy bulk carrier, port business
      433 5  -  OH BOON PING It plans to give up clothing operation in proposed reverse takeover deal By BRIGHT Orient Holdings is to give up its clothing manufacturing operation after buying a bulk carrier and port operation business in a reverse takeover deal worth
      433 words
    • Article
      Lock icon Termination, other fees: put them to a vote
      636 5  -  CONRAD RAJ IT was commendable of Fraser Neave's board to disclose not only the parting gift of former deputy chairman and chief executive Han Cheng Fong and the fee paid to director Nicky Tan for the part he played in bringing in
      636 words
    • Article, Illustration
      Lock icon Investors shrug off Jade-E3 China deal
      588 6  -  CHEW XIANG Shares of the two loss-making firms slide after news of refinery investment By rWO relatively small listed companies have announced joint big-money projects in China. The news could have brought relief to some investors as both firms have suffered losses in recent
      FILE PHOTO  -  588 words
    • Article
      Lock icon Chip Eng Seng wins $188m HDB contract
      258 6 CHIP Eng Seng Corporation has been awarded a contract worth $188 million by the Housing Development Board for the construction of 1,394 dwelling units in Queenstown. The contract, won through wholly-owned subsidiary Chip Eng Seng Contractors (1988) Pte Ltd, also includes the construction
      258 words
    • Article
      Lock icon Wrong call on equities but Citi still upbeat
      482 6  -  GENEVIEVE CUA US economy seen able to narrowly skirt recession By THE US economy should be able to narrowly skirt a recession thanks to expected interest rate cuts by the Federal Reserve, says Jeff Applegate, Citi Global Wealth Management chief investment officer.
      482 words
    • Article
      Lock icon Marco Polo in transshipment services JV with Glencore unit
      373 6  -  VINCENT WEE By INTEGRATED shipping group Marco Polo Marine yesterday signed a binding letter of intent to enter into a strategic partnership with Glencore International's Singapore-in-corporated unit ST Shipping and Transport to jointly own and operate a fleet of transshipment tugboats
      373 words
    • Article, Illustration
      Lock icon Wee Hur offers 83.65m IPO shares at 25 cents each
      491 7  -  TAN SEO YEAN By FOCUS, focus, focus. That's the mantra of Wee Hur Holdings, which managed to ride out the downturn in the construction industry a few years ago without having to resort to lay-offs. Riding on the current construction
      JOHN HENG  -  491 words
    • Article
      Lock icon Indian telecom firm Spice may list here
      306 7 Reuters SINGAPORE] Indian conglomerate Spice plans to list on ;he Dubai or Singapore stock exchange in 2010, and to "aise about US$lOO million from an initial public offering af its mobile services unit in May or June, its chief execuive said. Spice, which
      – Reuters  -  306 words
    • COMPANY BRIEFS
      • Article
        Lock icon Man Wah MD raises stake in company
        39 7 MAN Wah Holdings' managing director Wong Man Li has bought 921,000 shares in the company, raising his direct and deemed stake in Man Wah from 62.07 per cent to 62.34 per cent.
        39 words
      • Article
        Lock icon Sky China mulls rights to Songliao oilfield
        62 7 SKY China Petroleum Services said that it is considering a proposal to take up exclusive development and operating rights to an oilfield located in the petroleum-rich Songliao Basin, China. The oilfield is expected to be developed in three phases, and Sky China estimates
        62 words
      • Article
        Lock icon Sinobest issues loss warning
        35 7 SINOBEST Technology Holdings has warned of an unaudited consolidated loss for the year ended Dec 31, 2007, due mainly to a fall in sales and gross profit amid continuing fierce competition.
        35 words
      • Article
        Lock icon Mapletree signs option for warehouse
        39 7 MAPLETREE Logistics Trust has signed a put and call option agreement to acquire a warehouse in Singapore for $40 million. The firm also terminated the purchase of a property at 21 Tai Seng Drive.
        39 words
    • Article
      Lock icon Raffles Education to list part of China ops
      444 7  -  CHOW PENN NEE Planned HK flotation could be in mid-year and raise up to USs7oom: report By RAFFLES Education Corporation intends to seek a Hong Kong mainboard listing for part of the group's China operations. It did not indicate the amount it
      444 words
  • Page 5 Advertisements
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      145 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      338 6 Karin Technology Holdings Limited Announcement Grand Opening Of IMI Karel Pte Ltd A subsidiary of KARIN Technology Holdings Ltd Held on 21 January 2008, at IMI Kabel Pte Ltd, No. 21 Tai Seng Drive #01-01, *****23 Message from Mr Philip Ng, Executive Chairman and Chief Executive Officer, KARIN Technology Holdings
      338 words
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      Lock icon Page 6 Advertisements Column 2
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      855 7 r ROBINSON AND COMPANY, LIMITED (the "Company") (Incorporated in Singapore) (Company Registration No. *****0011H) VOLUNTARY CONDITIONAL CASH OFFER FORTHE COMPANY 1. INTRODUCTION The Board of Directors of the Company wishes to inform the shareholders of the Company ("Shareholders") that Standard Chartered Bank ("SCB"), for and on behalf of ALF Global
      855 words
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  • CTI
    • Article
      Lock icon BT Corporate Transparency Index (Issue 3)
      3507 8 1 Qian Hu Corporation 31 -Dec-06 2 Keppel Corporation 31 -Dec-06 3 Mobileone 31-Dec-06 4 Keppel Land 31-Dec-06 5 Singtel 31-Mar-07 6 Sembcorp Industries 31-Dec-06 Keppel Tele &Tran 31-Dec-06 8 Singapore Exchange 30-Jun-07 SMRT Corporation 31-Mar-07 Capitacommercial Trust 31 -Dec-06 Capitamall Trust 31-Dec-06 12
      3,507 words
    • Article, Illustration
      Lock icon 38 firms scored in latest round of corporate transparency index
      639 9  -  MAX YUEN TEEN PENELOPE PHOON-COHEN By and THE latest issue of the Business Times Corporate Transparency Index (BT-CTI), conducted in collaboration with the Corporate Governance Financial Reporting Centre and the ACCA Singapore, scored 35 companies with financial year-ends between July
      FILE PHOTO  -  639 words
    • Article
      Lock icon BT Corporate Transparency Index (Issue 3)
      2433 9 CEI Contract Manufacturing 31-Dec-06 Elec &Eltek IntCo 31-Dec-06 Flextech Holdings 31-Dec-06 Lee Kim Tah Hldgs 31-Dec-06 Hersing Corporation 31-Dec-06 Texchem-Pack Holdings (S) 31-Dec-06 Superbowl Holdings 31-Dec-06 TiongWoon Corp Holding 30-Jun-07 409 KLW Holdings 31-Dec-06 A-Sonic Aerospace 31-Dec-06 CFM Holdings 30-Jun-07 Sinomem Technology 31-Dec-06 Chemoil
      2,433 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S'pore can be bridge for France and region
      229 10  -  ANNA TEO in Paris By SINGAPORE welcomes very much France and other European countries to take a strategic view of their relationships with Asia, not just economically but to have a stake in the region's developments, Prime Minister Lee Hsien Loong said
      JOYCE FANG/THE STRAITS TIMES  -  229 words
    • Article
      Lock icon Taisei gets Downtown Line contract
      204 10 THE Land Transport Authority (LTA) has awarded a $230 million civil works contract for the Downtown Line Stage 1 Landmark Station to Taisei Corporation. LTA yesterday said the contract covers the construction and completion of the Landmark Station and tunnels. The Landmark Station is located
      204 words
    • Article
      Lock icon GIC, Temasek made decisions on their own
      574 10  -  CHUANG PECK MING YESTERDAY IN PARLIAMENT Tharman emphasises govt's hands-off policy on commercial investment decisions By THE government did not have a hand in the recent investments by the Government of Singapore Investment Corporation (GIC) and Temasek Holdings in the banking groups ÜBS,
      574 words
    • Article
      Lock icon Education workshop for Africa
      170 10 OFFICIALS from the education ministries of Ghana, Madagascar and Mozambique yesterday attended a workshop here entitled "Leaders in Education and Training for Sustained Growth in Africa". The workshop is part of a two-week study trip jointly organised by the World Bank, Singapore's Ministry of Foreign Affairs
      170 words
    • IN BRIEF
      • Article
        Lock icon Muslims included in amended HOTA
        68 10 PARLIAMENT yesterday passed the Human Organ Transplant (Amendment) Bill, which will now include Muslims in the opt-out system for organ donation, first introduced in 1987. "With the inclusion of Muslims under HOTA, Muslims who do not opt out of the Act will be given the
        68 words
      • Article
        Lock icon Flats for masses still main HDB focus: Mah
        75 10 NATIONAL Development Minister Mah Bow Tan yesterday assured the House that despite the recent introduction of the Design, Build and Sell Scheme (DBSS) flats, the Housing and Development Board is not shifting away from its mission to build affordable 2,3,4 and 5-room
        75 words
      • Article
        Lock icon Basic healthcare to stay affordable: Khaw
        84 10 HEALTHCARE inflation jumped to 6.2 per cent in the past year, higher than the average 2.4 per cent per annum in the preceding five years, according to Health Minister Khaw Boon Wan. But he said the government would ensure that basic healthcare services will
        84 words
      • Article
        Lock icon Medifund payouts up 4% to $40.7m in FY06
        95 10 MEDIFUND payouts to help low-income patients in the government's Financial Year 2006 rose 4 per cent from FY2005 to $40.7 million, according to Health Minister Khaw Boon Wan. "As medical costs increase in tandem with enhancements in standard, the cost burden on
        95 words
    • Article
      Lock icon GIC RE enters Russian real estate market
      337 11  -  ARTHUR SIM It buys 25% of township project for USs233m; forms partnership with PIK By -\FTER announcing around $7 billion worth of property deals in 2007, GIC Real Estate (GIC RE), the property arm of the Government of Singapore Investment Corporation, said that
      337 words
    • Article, Illustration
      Lock icon Companies grab suites to watch F1 race
      436 11  -  NISHA RAMCHANDANI Grandstand tickets to go on sale after Chinese New Year By COMPANIES are already jostling for a good position on the starting grid for Singapore's inaugural Formula One Grand Prix. Sales of corporate hospitality packages for September's big event are surging
      FILE PHOTO  -  436 words
    • Article
      Lock icon Rajah & Tann stands by partner arrested in HK
      375 11  - Rajah Tann stands by partner arrested in HK CONRAD RAJ By TOP law firm Rajah Tann (R&T) is standing by its partner Choy Chee Yean who last week was arrested and charged with theft at a hotel in Hong Kong. "The facts pertaining to Mr Choy's arrest remain the subject
      375 words
    • Article
      Lock icon Crime rate falls but phone scams rise
      253 11 TELEPHONE scams barely registered on the crime radar in 2006, but last year, they claimed some 378 victims. However, this represented a slight blip compared with the overall crime rate in Singapore, which saw cases fall from 33,263 in 2006 to 32,545 last
      253 words
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      Lock icon Page 10 Advertisements Column 1
      59 10 From Ist January to 29th February 2008 only! 4'A i r The Straits Times online subscription Tn j s wor^s out to only I KjU^nilJilljiEKUjUjJ^^^l^^J^^jJJ^^^K 28cents M W^/J&n^F^EYiWtt i^L a day! The Business Times online subscription This works out to only j m^mmmfmmmmjmm 11 cents M THE STRAITS TIMES THE
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      412 11 > a ■WHii Mil HlrM^^^^^B j^bJL)* Frustrated by slow network or Internet access in your office? I m^ mjf) 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
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  • SMEspotlight
    • Article, Illustration
      Lock icon If the shoe fits, package it nicely
      822 12  -  QUAH CHIN CHIN Local shoe brand Foxtrot caters to its customers' needs and preferences, and then presents its product in an unconventional box, reports MENTION home-grown shoe labels and several might come to mind: Pazzion, Heatwave Shoes, Substance, Raoul, and of course, the
      ARTHUR LEI  -  822 words
    • Article, Illustration
      Lock icon Patterns for success
      639 13 SMALL CAPS Ocean Sky's efforts in building an R&D centre and vertical integration pay off, reports OH BOON PING FOR apparel manufactuer Ocean Sky, innovation and value creation are key in driving its business forward. Said chief executive officer Edward Ang: "We will continue to add value
      639 words
    • Article
      Lock icon More poly grads find full-time jobs
      233 13  -  TAN SEO YEAN Recent graduates earn more than earlier cohorts By MORE polytechnic graduates are landing full-time permanent jobs, a survey found yesterday. These graduates are also earning more than those who graduated in earlier years. About 11,000 polytechnic graduates took part in the
      233 words
  • Page 12 Advertisements
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      149 12 SAVE TAX Our qualified professionals W/m%~L_ can assist you with offshore ag J structures, shelf companies and incorporations in ALL jurisdictions including: jjyji-ifl T^F I British Virgin Islands PlL^^^^^l Cayman Islands Bahamas B L*^^^^rf»^^i Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate I administration services are available.
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      Lock icon Page 12 Advertisements Column 2
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      144 words
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      19 12 A BRAND NEU YEAR, UIN A BRAND |\EU PRINTER PROJECTOR vyW^s^m pink ruiTi m3FM TO riW OUT MORE! WWW.RADIO9I3.COM
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  • Page 13 Advertisements
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      9 13 vSI! stuff ST <>) I POST YOUR AD WWW.ST7OI.COM I
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      Lock icon Page 13 Advertisements Column 2
      1008 13 Maximise service impact with consistent service standards Ensuring consistent service standards is no longer an elusive goal. Service standards are Singapore Workforce setting service standards and than 300 retail, F&B and supportfromtheCCl.lt Programme, we invited our crucial to businesses.They Development Agency and conducting service audits, service tenants. helped us in
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  • ECONOMY WATCH
    • Article
      Lock icon Jeremiahs of the market now call for damage control
      880 14 Bloomberg Sombre mood expected at Davos as economists urge swift action to fight slump [LONDON] Jean-Claude Trichet and Lawrence Summers accurately warned investors a year ago about being too complacent. Now they see an erosion of confidence that threatens to paralyse
      – Bloomberg  -  880 words
    • Article
      Lock icon Brunei aims to join world's top 10 richest nations
      497 14 -AFP Long-term devt plan identifies tourism as potential revenue generator [BANDAR SERI BEGAWAN] Brunei, which already boasts one of the highest per capita incomes in Asia, wants to vault into the world's top 10, according to a long-range government development plan.
      -AFP  -  497 words
    • Article
      Lock icon BURSA MALAYSIA
      2290 14 Ian 21 RM ('000) A&M Realty 0.81 \bric Bhd 0.25 Advance Synergy 0.19 Adventa Bhd 1.40 Ae Multi Hldgs 0.29 Win Holdings 2.50 Ahmad Zaki Resou 1.61 AicCorp 0.67 \irasia Bhd 1.52 Akn Technology 0.60 Alliance Financi 3.00 Aluminium Co 1.15 Amalgamated Ind 0.47 Aminvestment Grp ....unch \mmb
      2,290 words
    • Article, Illustration
      Lock icon Rudd promises to cut spending to dampen inflation
      281 14 AP [CANBERRA] Australian Prime Minister Kevin Rudd yesterday declared that inflation is the most pressing domestic challenge to Australia's economy and announced a new government strategy to curb prices. Mr Rudd, whose centreleft government was elected in November, promised to slash government
      AP; AFP  -  281 words
    • Article
      Lock icon Growth in five regions sluggish: Tokyo
      191 14 Bloomberg [TOKYO] Japan's Finance Ministry has cut its evaluation of five of 11 regional economies as housing investment declined and employment worsened. Some areas are showing "sluggishness", the ministry's regional-office chiefs said in a quarterly report yesterday. The country's economy on the whole is
      Bloomberg  -  191 words
    • Article
      Lock icon Analysts see Asian economies weathering a US recession
      609 14 -AP Reason: Asia is now less dependent on the US economy [BANGKOK] Asia would be able to weather any recession in the United States, analysts say, because rising trade and investment within the region make it less dependent on the US economy
      -AP  -  609 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Obstacles holding up RM3b Penang bridge project
      627 15  -  S JAYASANKARAN Glitches include fishermen's woes, discord between project's partners By in Kuala Lumpur MORE than a year after Prime Minister Abdullah Ahmad Badawi "launched" a RM3 billion (Ssl.3 billion) second bridge between Penang and Peninsular Malaysia, the project remains problematic. Last Saturday
      627 words
    • Article
      Lock icon Two M'sian firms face account audits
      523 15  -  PAULINE NG By in Kuala Lumpur FRAUDULENT accounting problems, it would appear, continue to dog the Malaysian stock exchange this year, with accounting irregularities at two Second Board firms being the latest to surface. Industrial pipe cleaner Satang Holdings and yarn and textile manufacturer
      523 words
    • Article
      Lock icon Carrefour to buy Indonesian retailer
      127 15 Reuters [PARIS] Carrefour, the world's second-largest retailer, said it has agreed to buy a 75 per cent stake in Indonesian group Alfa Retailindo for 674 billion Indonesian rupiahs (Sslo2 million). The takeover comes as Carrefour continues its strategy to expand in fastgrowing emerging markets, as
      Reuters  -  127 words
  • Page 15 Advertisements
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      618 15 Wee Hur Holdings Ltd. IP?fSfc*^ (Incorporated in Singapore on 29 December 2006) ?1P tr Ifcl (Company Registration Number *****951 OK) afT] A MULTIPLE AWARD-WINNING Ssf^S CONSTRUCTION COMPANY 'S^fcS Established since 1980 ■■^"■"""l BCA A 2 general building contractor with an established track -I Hi record in building projects from diverse
      618 words
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  • GREATER CHINA
    • Article
      Lock icon China expected to relax monetary policy in Q2: ÜBS economist
      449 16 Reuters [SHANGHAI] China will revert to a neutral monetary policy in the second quarter as inflation falls and a US slowdown hits its exports, Jonathan Anderson, senior global emerging economist at Swiss bank ÜBS, said yesterday. "The central bank is
      Reuters  -  449 words
    • Article, Illustration
      Lock icon CALL ME MICKEY GOLDEN
      39 16 AFP [HONG KONG] A model holding up a solid gold mouse at a promotional event here yesterday. This year in the Chinese lunar calendar marks the Year of the Rat, which starts on Feb 7.
      AFP  -  39 words
    • Article
      Lock icon Ping An to raise US$22b with share, bond sale
      424 16 -AP [BEIJING] A major Chinese insurer has announced plans to raise up to US$22 billion for acquisitions at a time when US and European banks, battered by mortgage losses, want infusions of Asian capital to replenish their balance sheets. Ping An
      -AP  -  424 words
    • Article
      Lock icon Industrial Bank profit more than doubles
      214 16 Bloomberg [SHANGHAI] Industrial Bank Co, part-owned by a unit of HSBC Holdings," said profit more than doubled in 2007 on higher interest income and a lower tax payment. Net income jumped to 8.6 billion yuan (Ssl.7 billion), or 1.75 yuan a share, from 3.8
      ■ Bloomberg  -  214 words
    • Article
      Lock icon Bank of China may post 2007 loss on write-down
      634 16 Reuters SUB-PRIME HITS SCMP report heightens concerns about China's exposure to crisis [BEIJING] Bank of China might post a 2007 loss because of a big write-down on billions of dollars of US sub-prime related investments, a newspaper reported yesterday, sending shares
      Reuters  -  634 words
    • Article
      Lock icon US mortgage crisis, cooling measures will hurt lenders this year: top banker
      409 16 Reuters [SHANGHAI] Earnings at Chinese banks will probably be hit this year by the snowballing US sub-prime mortgage crisis and Beijing's economic cooling measures, the president of the country's sixth-biggest bank said yesterday. "We have to be very
      – Reuters  -  409 words
    • Article
      Lock icon Taiwan speeds up moves to boost mainland economic ties
      445 16 Reuters [TAIPEI] Taiwan is fasttracking two stalled initiatives to boost economic ties with China, as the ruling party seeks to revive its chances of winning presidential elections in March, local media reported yesterday. One measure would make it easier for mainland
      – Reuters  -  445 words
    • Article
      Lock icon No extra kids just because you're rich
      294 16 AP [BEIJING] Celebrity has its perks, but in Beijing, large families are not one of them. City family planning authorities plan to ratchet up fines for the rich and famous in an attempt to stem growing violations of the communist government's strict birth
      AP  -  294 words
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  • INDIA
    • Article, Illustration
      Lock icon Satyam posts 29% gain in Q3 profit
      368 17 Bloomberg [MUMBAI] Satyam Computer Services Ltd, the worst performer on India's benchmark index this year, reported that third-quarter profit gained 29 per cent as higher billing rates countered the stronger rupee. Net income for the three months ended Dec 31 increased to 4.34
      Bloomberg  -  368 words
    • Article
      Lock icon India urged to speed up opening of economy
      702 17 Reuters Allow more foreign direct investment manage rupee more actively, says govt panel member [MUMBAI] India needs to move faster on opening its economy to foreign capital and should manage its currency more actively to ensure job creation and avoid social unrest,
      ■ Reuters  -  702 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7770 17 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.923/ Star Europe Bond 1.213/ Star Europe Bal 1.184/ Star Asian Tiger Eqty 1.491/ Star Asia Bond 1.244/ Star Asia Balanced 1.013/ Star Global Technology Fund!" 0.202/ Multi St Fd 0.917/ Star Asia BondfUSD 0.864/ Gib Multi St USD
      7,770 words
  • Page 17 Advertisements
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      58 17 ™E EXPERTISE OF MAN^ THE STRENGTH OF ONE fflffiz'/s'','-■'X^''V'!-'Y--r?.'^^..' -^^^'VV-^^^^^^^^^^^Kij^Sl At the core of our business are multiple world-class investment management 1* J§ 1 '^£&V» *'v'--j-';:;;^;^''- ''v''^^^.^''-"-"-^^^^;^^^^ j ffifflft groups Franklin, Templeton and Mutual Series each operating autonomously .%s2z^, sis^#'-*''''^® and offering our clients their unique perspectives. FRANKLIN TEMPLETON >^^'^t^^^^^^^^^E^^Bi^^^^^^S
      58 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Mizuho's Merrill deal a new turn for Japan banks
      763 18 Analysts say the deal was likely more of a straight financial investment [TOKYO] Mizuho Financial Group's US$l.2 billion investment in Merrill Lynch marks a turning point for Japan's once-reeling banks which, after shedding bad debt and rebuilding their businesses, are once
      REUTERS  -  763 words
    • Article
      Lock icon Murdoch, Packer offer A$3.3b for Consolidated Media
      418 18 Reuters [SYDNEY] Lachlan Murdoch, son of media tycoon Rupert Murdoch, and Australian gaming magnate James Packer launched a joint A 53.3 billion (Ss4.l billion) offer yesterday to buy out the Packer-backed publishing company Consolidated Media Holdings. The deal would mark Lachlan's first big
      ■ Reuters  -  418 words
    • Article
      Lock icon Abu Dhabi to invest US$15b in green energy
      456 18 Reuters [ABU DHABI] Gulf Arab oil exporter Abu Dhabi plans to spend US$l5 billion in the first phase of an initiative to develop green energy and build the world's largest hydrogen power plant, it said yesterday. The investment would be part of
      – Reuters  -  456 words
    • Article, Illustration
      Lock icon UK backs Northern Rock bonds, seeks rescue bids
      390 18 Reuters [LONDON] Britain set a two-week deadline for a pri-vate-sector rescue of Northern Rock, as it confirmed plans to convert its almost £25 billion (Ss7o biUion) of loans to the stricken bank into bonds in a bid to smooth a deal. The
      Reuters; REUTERS  -  390 words
    • Article
      Lock icon Bangkok Bank's profit hurt by losses on investments
      339 18 Bloomberg Net income rose to 4.09b baht, or 2.14 baht a share [BANGKOK] Bangkok Bank Pel, Thailand's largest bank by assets, said fourth quarter profit rose by a low-er-than-expected one per cent as losses from investments hurt gains from wider interest margins
      ■ Bloomberg  -  339 words
    • Article
      Lock icon Sanyo to sell mobile phone unit to Kyocera
      315 18 AP [TOKYO] Sanyo Electric will sell its troubled mobile phone operations to Kyocera Corp. The two electronics companies have said the value of the business to be transferred is about 40 billion yen (Sss3B million). Including debt the deal set for completion
      AP  -  315 words
  • Page 18 Advertisements
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  • WORLD
    • Article
      Lock icon Banks send Wall Street riding a one-way roller coaster
      683 19  -  ANDREW MARKS Every sign of an end to financial markets' sell-off turns out to be a false dawn By in New York AT some time, the worldwide sell-off in the financial markets will have to end. But right now, every hopeful
      683 words
    • Article, Illustration
      Lock icon German anger at Nokia grows, calls for boycott
      678 19 AFP [BERLIN] Anger against Nokia for closing a factory in Germany is growing with politicians publicly ditching the firm's phones and joining calls for a national boycott in Europe's largest economy. The Finnish mobile phone giant said last week that it plans
      AFP  -  678 words
    • Article
      Lock icon It's good to have big stockholders on company board
      683 19 Reuters They have resources to analyse strategies, says investment fund founder [NEW YORK] Richard Breeden, founder of activist investment fund Breeden Capital Management LLC, has one goal this year: no proxy battles. But he acknowledged that achieving this is unlikely, given
      ■ Reuters  -  683 words
    • Article
      Lock icon Getty Images up for sale, likely to fetch US$1.5b
      589 19 -NYT Final bids due by end-Jan; KKR, Bain Capital show interest [NEW YORK] Getty Images, the world's biggest supplier of pictures and video to media and advertising companies, has put itself on the auction block and could fetch more than US$l.5
      -NYT  -  589 words
    • Article
      Lock icon Fashion world bids farewell to retiring Valentino this week
      467 19 AP, AFP [PARIS] While Paris couturiers put the finishing touches to their creations on Sunday, the fashion world prepared to bid farewell to Italian designer Valentino, the king of the red carpet, who will show his final collection this week. A
      AP, AFP  -  467 words
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  • AVIATION
    • Article, Illustration
      Lock icon China Eastern rebuffs CNAC's buy-in proposal
      591 20 Reuters Move triggers a 15% slump in Air China's shares, its steepest daily loss [HONG KONG/SHANGHAI] China Eastern, the country's third biggest airline, yesterday snubbed an approach by bigger rival Air China's parent to buy a US$2 billion stake, triggering the steepest daily loss
      – Reuters; BLOOMBERG  -  591 words
    • Article
      Lock icon JAL to raise domestic airfares in April
      211 20 Bloomberg [TOKYO] Japan Airlines Corp (JAL), Asia's largest carrier by sales, will raise domestic airfares by 2.6 per cent on average from April to counter higher jet fuel costs. Tickets for flights within Japan will cost 430 yen (555.80) more on average under
      Bloomberg  -  211 words
    • Article
      Lock icon Jakarta plans aviation safety programme to get EU ban lifted
      324 20 AFP [BANDUNG] Indonesia is planning to rapidly improve aviation safety at select airlines in order to get a European Union ban on the country's carriers lifted, the transport minister said yesterday. "Indonesia will try to accelerate the revocation of the
      AFP  -  324 words
    • Article
      Lock icon Garuda's first profit in 4 years
      133 20 Bloomberg [JARKATA] PT Garuda Indonesia, the country's biggest carrier, made its first annual profit in four years as economic growth boosted travel demand. Net income totalled 259 billion rupiah (Ss39 million) in 2007, compared with a loss of 197 billion rupiah a year earlier,
      Bloomberg  -  133 words
    • Article
      Lock icon GE's China orders for jet engines hit US$5b
      365 20 neuters Growth in Chinese aviation sector beyond expectations [BOSTON] As China's aviation industry takes off, General Electric Co's orders for jet engines in that country have hit the US$5 billion mark, the second largest US company by market capitalisation said on Sunday.
      neuters  -  365 words
    • Article
      Lock icon Boeing and Gulf Air finalise Dreamliner deal
      167 20 Reuters [NEW YORK] Boeing said on Saturday it had finalised negotiations to sell up to 24 787 Dreamliners to Bahrain's national carrier Gulf Air in a deal worth about US$3.9 billion at list prices if all options are exercised. The agreement is for
      Reuters  -  167 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2372 20 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,372 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      341 20 CRYPTIC CROSSWORD -7 -run f H" H^ H* H^ H' HI The answer isn stu- HH pid! (8) p 1^ I I 9 Tacky tree sap outside (6) _^H__ L^ 10 Quarrel seen in bar (4) WM WM 11 Commercial for article men ordered (10) I 12 Dispose of French
      341 words
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  • SHIPPING
    • Article, Illustration
      Lock icon MISC in RM3.2b reverse takeover bid for Ramunia
      423 21 Reuters, Bloomberg Deal will allow MISC to use oil-services firm's construction yard in Johor [KUALA LUMPUR] Malaysian shipper MISC Bhd, the world's biggest owner of liquefied natural gas tankers, has made a RM3.2 billion (Ssl.4 billion) takeover bid for oil-services firm Ramunia
      – Reuters, Bloomberg; BLOOMBERG  -  423 words
    • Article
      Lock icon DP World container throughput up 18%
      314 21 Bernama Its 42 terminals handled 43.3 m TEUs last year [DUBAI] Global marine terminal operator, DP World, handled more than 43.3 million TEUs (twenty-foot equivalent units) across its portfolio of 42 terminals last year, an increase of 18 per cent compared with 2006. Growth
      Bernama  -  314 words
    • Article
      Lock icon Dry-bulk freight rates may rise after record fall
      317 21 Bloomberg [SINGAPORE] Shipping costs for iron ore, coal and other commodities may rise after a record drop last week, boosted by demand for larger bulk carriers ahead of the Chinese New Year holidays next month. The Baltic Dry Index, an overall measure
      Bloomberg  -  317 words
    • Article
      Lock icon S Korea blames ship owners for spill
      301 21 Bloomberg [SEOUL] South Korean prosecutors blamed Samsung Heavy Industries Co, the world's second-biggest shipbuilder, and Hebei Spirit Shipping Co for an oil spill in December that was the nation's worst. An investigation into the oil spill will continue, South Korean prosecutors said yesterday
      – Bloomberg  -  301 words
    • Article, Illustration
      Lock icon ON-TIME DELIVERY
      101 21 [SINGAPORE} Keppel Offshore Marine (Keppel O&M), through its wholly owned subsidiary Keppel Singmarine, has delivered the first project for the year 2008 on time and with an excellent safety record. Keppel Singmarine received a bonus of US$lO,OOO for the timely delivery of the Sea Apache, a 139-tonne bollard
      101 words
    • Article
      Lock icon Shipping industry explores ways to cut fuel costs
      1038 21 Reuters [BERLIN] Oil at more than US$9O a barrel is concentrating minds in the shipping industry. Higher fuel costs and mounting pressure to curb emissions are leading modern merchant fleets to rediscover the ancient power of the sail. The world's first commercial
      Reuters  -  1,038 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        111 21 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp Labroy Marine MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.57 0.34 4.63 0.94
        111 words
      • Article
        Lock icon KLSE
        34 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 1.01 unch unch 3.74 3.06 0.25 0.18 unch unch unch -0.20 -0.02 0.02 unch 53: 305! 21( 10: r.
        34 words
      • Article
        Lock icon BANGKOK
        12 21 '00 ■recious Ship Jegional Cont .23.80 .24.70 0.20 -2.05 221} 58(
        12 words
      • Article
        Lock icon HONGKONG
        12 21 '000 Jan Doil iingamas Cont 41.05 2.60 -3.80 -0.02 157: 360(
        12 words
      • Article
        Lock icon PHILIPPINES
        21 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.60 38.50 2.50 2.00 unch -0.50 unch unch 151! 33K 401
        21 words
      • Article
        Lock icon TAIPEI
        21 21 Evergreen Marine ...27.70 :irst Steamship 63.80 /Van Hai Lines 26.85 r"ang Ming Marine...22.80 0.65 -0.30 0.25 -0.05 21 1 V.
        21 words
      • Article
        Lock icon TOKYO
        39 21 '000 (awasaki Hvy Ind ..257.00 -14.00 2033: (awasaki Kisen 944.00 -57.00 707: Mitsubishi Hvy 407.00 -15.00 3285} Mitsui Eng&Sbldg...334.00 -33.00 2271: Mitsui Osk Lines ...1147.00 -69.00 1142: Mippon Express 548.00 -12.00 502! MipponYusen 772.00 -26.00 764! source: Reuters
        39 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Blood bath, reminiscent of January 1998
      550 22 THE ferocity of the selling in the local and regional markets yesterday took many by surprise. It is reminiscent of the panic selling during 1998, when Asia was in the grip of a financial crisis. Here are some numbers. Between Jan 6 and Jan
      550 words
    • Article, Illustration
      Lock icon Stimulus package may worsen US deficits
      955 22  -  LEON HADAR Combined monetary and fiscal measures could erode the dollar further and spark inflation YOU are depressed and exhausted. But then you are injected with that feel-good package of goodies, "a shot in the arm", and...voila, you are stimulated and you feel vigorous
      REUTERS  -  955 words
    • Article, Illustration
      Lock icon Sarkozy affairs of the heart and of the state
      819 22  -  SHADA ISLAM THE BOTTOM LINE FORGET serious European Union business; for most of the opening weeks of 2008, the EU agenda has been dominated by the very public, jet-setting romance between French President Nicolas Sarkozy and his new flame Carla Bruni,
      819 words
    • Article, Illustration
      Lock icon Sovereignty ends at the water's edge
      2307 23 If a sovereign wealth fund runs its business differently from best-practice principles, it should explain why it's doing so EDWIN Truman, creator of the first "scorecard" for sovereign wealth funds (SWFs) talks to BT Associate Editor Vikram Khanna about some of the concerns surrounding
      ARTHUR LEE  -  2,307 words
    • Article, Illustration
      Lock icon Pandemic risk is now at an unprecedented level
      870 23  -  ANDY MUKHERJEE The bigger risk is the absence of an international order that has legal authority over both recalcitrant nation states and profiteering drugmakers Chikungunya what?" asked a newspaper headline in Singapore last week. Chikungunya fever, a cousin of dengue fever, is
      870 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8578 24 Transaction date: Jan 21 Hii Low Code Com[ Sale ('OOP) Hit ■ow Bi Seller C'vr P/E $mil 5716 1st Software 22 8 3148 STelecom 30.5 12 5834 A-Sonic 107 98 6389 ABF SG Bond ETF 30 14 1938 AEI Corp 27 9 1100 AEM 42 12.4 2101 APOil
      8,578 words
    • Article
      Lock icon SGX XTRANET
      69 24 Hii Low Code Com Sale ('OOP] Hii Low Bit Seller C'vr P/E $mi 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 297.5 6009 STI ETF 3977.9 2962.9 6236 STI ETF
      69 words
    • Article
      Lock icon SGX CATALISTY
      2121 24 iVk Tel Low Code Last Sale Vol fOOO] lay I Low Bu1 .ast Quote /er Seller Div C'vr Net P/E Cap ,m ll Hii Com] Hii 30 11.5 1181 s AAGrp 41.5 20.5 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 3.5 1501 s Advanced System
      2,121 words
    • Article
      Lock icon CLOB INTERNATIONAL
      199 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      199 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      21 24 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. X: Tel: 6238 6678 Fax: 6238 6676. Internet: http://www.audemarspigjet.com *fl| jg^^^m sPmE§!llm
      21 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      382 25 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 18 World Index Preliminary 1019.8 -0.8 -7.3 -1.0 -9.6 -1.0 -3.' EAFE Preliminary 1013.2 -0.5 -8.5 -0.9 -7.5 -1.0 -1.1 Euro[ Pre I liminan
      382 words
    • Article
      Lock icon PALM OIL
      58 25 Jan 21 lelivery lonth Opening Sett Av Range Price Price Hii Vol Open Done Position Low :eb08 3290 3255 3307 3236 159 1472 */lar08 3299 3249 3317 3237 2338 ***** \pr08 3300 3243 3320 3232 7650 ***** */lay08 3295 3240 3314 3227 770 2646 Total o/p: ***** contracts
      58 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 25 Jan 21 ITI IIMSCI Jan 374.1 376.2 353 "aiwan Jan 312.1 316.5 314.3 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jan 21 S! Bid Offer 1-month 1.4380 1.4391 2-months 1.4358 1.437 3-months 1.4338 1.4351 6-months 1.4278 1.4292 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 25 Jan 21 lurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.2582 1.2593 0.8731 0.8733 Canadian dollar 1.4002 1.4018 0.9716 0.9721 !uro 2.0931 2.0948 1.4524 1.4527 IZ dollar 1.0892 1.0913 0.7558 0.7568 aterlini md 2.8091 2.8115 1.9493 1.9497 IS dollar 1.4411 1.4420
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      Lock icon SICOM FUTURES
      292 25 Jan 21 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 08 378.75 380.25 381.25 382.25 382.25 381.50 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
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      Lock icon FOREIGN CURRENCY NOTE RATES
      124 25 A. s 9am of foreign currency: Currencies Bid Offer Aust dollar 1.2520 1.2670 Can dollar 1.3910 1.4070 Euro 2.0810 2.1040 NZ dollar 1.0830 1.1060 Sterlini md 2.7920 2.8241 US dollar 1.4310 1.4470 Local dollars to 100 units of foreign currency: Currencies Bid Offer Chi renminbi 19.90
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      Lock icon INTERBANK RATES
      161 25 Jan 21 Overnight 1 3/8 1 -month 1 5/8 2-months 1 11/16 3-months 1 13/16 Overnight mode: 1 7/16 US$ Offer 1 1/4 1 1/2 1 9/16 1 11/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 4.26 3.92 3.90
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      Lock icon INTERBANK CROSS RATES
      468 25 Jan 21 AS CS Rmb Euro HKS Ind Rs Ri Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound US! Australia 0.898 6.320 0.601 6.820 34.408 82.517 0.928 8.282 2.865 1.155 54.383 35.961 1.259 6.242 0.964 28.245 27.069 0.448 0.873 Canada 1.113 7.034
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    • Article
      Lock icon PRECIOUS METALS
      140 25 Jan 21 GOLD (USS/oz) Jan 18 Jan 21 Hong Kong London 874.70 872.50 875.70 873.50 Jan 17 Jan 18 886.35 880.25 887.05 880.95 Source: Reuters CAST BAR (S$) Jan 21 Buying Sellim Kilobar "43,865.72" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1
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      Lock icon SIBOR
      75 25 Jan 21 1 mth 3.***** 1.***** 2 mths 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 2.***** SWAP Offer rates (S$) 1 mth 1.***** 2mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 2.***** 12 mths 1.***** SWAP Mid
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      Lock icon GOVERNMENT SECURITIES
      87 25 Jan 21 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****F 24.04.08 1-Year BY*****A 29.09.08 1.56 1.60 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hie Day's igh 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 NY*****X 3.125
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      Lock icon LONDON METALS
      70 25 Jan 18 minimum, 99.7 jrity (USS/tonne) h Close Previous Cash 2406.50 2393.50 3 months 2450.00 2439.00 Copper, Grade A (USS/tonne) Cash 3 months 7171.00 7141.00 7000.00 6991.00 Lead (USS/tonne) Cash 2586.00 3 months 2590.00 2523.00 2530.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash
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      Lock icon LIFFE
      80 25 Jan 18 COCOA (Btonne) Close Prev Hii ih/Low Mar 08 1128 1125 1128/1104 May08 1146 1140 1146/1121 Jul 08 1172 1166 1172/1146 Sep08 1160 1152 1159/1134 COFFEE (USS/tonne) Close Pev High/Low Jan 08 1962 1963 1963/1960 Mar 08 1988 1993 1999/1986 May08 2012 2019 2023/2007 Jul 08 2030 2038
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      Lock icon CHICAGO BOT
      105 25 Jan 18\ SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 08 1264.00 1271.00 1276.00 1245.00 May 08 1283.25 1291.00 1293.00 1264.50 Jul 08 1297.50 1305.50 1309.50 1278.50 Aug 08 1296.00 1300.00 1305.00 1280.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 08 53.14 52.91 53.18
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      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Jan 18 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1 -Mth F) 89.56 0.62 WTI (Near Mth) 90.56 0.34 Dubai (1-Mth F) 84.64 -0.63 Tapis blend 94.5 -0.6 Minas 92.75 -0.7 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 92.10 105.15 -0.50 -0.35 USS/barrel Opec
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      Lock icon SGX DERIVATIVES TRADING
      358 25 Jan 21 URODOLLAR FUTURES Vlar08 Iun08 Sep08 3ec08 96.600 97.220 97.425 97.460 0 0 0 0 ***** ***** ***** 5685 EUROYEN FUTURES Vlar08 99.215 99.230 Iun08 99.370 99.390B Sep08 99.400 99.430B 3ec08 99.365 99.405 Vlar09 99.370 99.370 Iun09 99.325 99.325 Sep09 99.255 99.255 3ec09 99.190B 99.215 99.370
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      Lock icon BONDS & WARRANTS
      2829 25 BONDS WARRANTS el lode Com| Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Lef1 >arr >036 Advance SCT Ltd W*****9 18 -1.5 36 3798 Ascendas REIT SGA ECW*****3 1 -1 2201 )092 Asia Environment W*****4 19.5 -4 110 1105 #Asiatravel W*****7 30.5 4.5 15 1851
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      120 25 W^ With over 540 Singapore CFDs, more than any Isaxol I II other online platform, you enjoy the flexibility iwi*'. IL II t% to trade according to your personal trading Wmm^J 111 Ul OL strategies, whether it is to go LONG or SHORT. QUODT k m I I I For
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      2793 26 j-. The Business Times Shipping Times mm^^^^^^mM ■SIHSHPRSS ■■rfcftlWHp^^ 11l WAN HAI INTERNATIONAL PTE LTD A VSV H^^gJ|jjj^|Uy« Wmmmm^K^jlJ^WKl^^Smmmmm\ II V"Tokm\ IAfALI HAI Ulirr TEL *****588 (14 LINES) FAX: *****163 1 rfS I ll'W^l ll HMiJill MSSmW \\Vt I WAN HAI INtS <!«•«■»« S«vi.e/»«*ing» Dir«l line < 1800) *****200 BlwlSßHK{^:nni&S9ll
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      3156 27 RffJ U If] U IB lIP v OGIS..' r/ C <J v WEEKLY EXPRESS SAILING SCHEDULE IrffiroflliHiiß 7^ jßlalßjg-- ggl VESSEL VOY I PKL ~SIN~ KHI I DXB ~BAB DMM BIK KHO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS ■■■■■fl BSEErf-^SC' R^Z-HEZ^PI ANNAE PCLB243 25/01 26/01 SKIP 08/02
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      3272 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 SlNDesfnName Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name
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  • PROPERTY
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      Lock icon UK property shares set for 20% rise: Morgan Stanley
      570 29  -  NEIL BEHRMANN But over longer run, rally could ebb as economic downturn forces rentals to fall By in London UK property shares may surge at least 20 per cent in the first half of 2008 as the Bank of England cuts
      BLOOMBERG  -  570 words
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      Lock icon British house prices fall in January
      603 29 Bloomberg [LONDON] UK house prices declined for a third month in January, reviving interest among prospective buyers after a slump in viewings late last year, Rightmove pic said. The average asking price fell 0.8 per cent to £230,428 ($647,908) from December, compared with a
      ■ Bloomberg  -  603 words
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      Lock icon UK home mortgages slip in Dec
      184 29 Bloomberg [LONDON] British customer-owned lenders approved fewer loans for house purchase in December as falling house prices hurt the confidence of prospective buyers, a report by the Building Societies Association said. Mortgage approvals fell 20 per cent from a year earlier to £4.1 billion
      Bloomberg  -  184 words
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      Lock icon Emaar's India unit in IPO to tap US$1.8b
      528 30 Proceeds will be used to buy land, development rights, pay for construction [MUMBAI] Dubai's Emaar Properties hopes to raise up to US$l.B billion from an initial public offering of a unit in India, where IPOs are forecast to more than double this
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      Lock icon ART buying another property in Australia
      338 30  -  ARTHUR SIM By ASCOTT Residence Trust (ART) is acquiring an 84-unit serviced residence in Australia for a total purchase price of A 528.5 million (5535.6 million). In a statement released yesterday, ART said the acquisition is yield-accretive at an estimated annualised property yield of
      338 words
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      Lock icon Once-hot China real estate sector cools down
      387 30 -AP [SHANGHAI] After booming in recent years, China's real estate market is finally starting to feel the pinch from sagging demand and tighter controls. One of China's biggest real estate agencies, Chuanghui Real Estate, has shuttered dozens of outlets in Shanghai and other
      -AP; AP  -  387 words
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      1813 29 INmEMATTEROFTHE =TT P °F. P INTHEMAnEROF IN THE MATTER OF COMPANIES ACT CAP 50 THE.£RlVi^llc ELiSiSnc SECTION 290 OF THE COMPANIES ACT THE COMPANIES ACT. CAP. 50 >TC >C AND EKLESW^M-TD |CA^°' AND //I S\ DPREMIER^EA^riS^RATION (I,™ i HSSSSS,IB2" Bff UMgSI2SW",n,) 'N THE MATTER OF IN THE MATTER OF /fit)
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      672 30 Business Space For Lease l^pHH I "^^^P^ 7 Wrjjl y I Punggol 17th Avenue rSaJU'vl cuatswopthßungalow LadyhiiApt Land Area-aoox 25,000saft. ItiMoßooooUiil o 20,000/8,000 sf 2,400 sf Iflllßl 5+2 rooms 3+l rooms Tenure -Freehold ny. 7^_ o^^^o^ojjojjojjojjv-^^^ MF^S. 1 H »s42k(neg) »sl9.Bk(neg) J Lw. A JSBRSfiT ffiSSBRT 'Excellent potential for Strata
      672 words