The Business Times, 5 February 2008

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Microfilm: NL28831
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial .com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Tuesday, February 5,2008
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  • Article
    Lock icon Budget may soothe fears over costs creeping up
    1037 1  -  LYNETTE KHOO CHEN HUIFEN Businesses worry over transport bills, economists expect some goodies "But we are not looking at any increase in CPF contribution on the employer side or the employee side because that will increase business cost," he said. Economists predicted
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  • Article
    Lock icon State Bank of India eyes QFB licence and 5 branches here
    539 1  -  SIOW LI SEN Path made smoother after India was lifted to investment grade [SINGAPORE] The State Bank of India plans to open five branches in Singapore within the first year of getting its retail bank licence, which is expected
    539 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      30 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.75 INDONESIA 14.655 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 6.00 CANADA 5.75 SWITZERLAND 4.18 INDIA 12.75 Source: j
      Bloomberg  -  30 words
    • Article
      Lock icon MARKETS
      47 1 Monday Change KLCOMP 1,419.66 +26.41 NIKKEI 225 13,859.70 +362.54 HANG SENG 25,032.08 +908.50 SET INDEX 811.56 +0.70 JAKARTA COMP 2,701.63 +54.81 MANILA COMP 3,323.25 +29.17 SEOUL COMP 1,690.13 +55.60 SHENZHEN B 681.14 +40.69 MUMBAI IND 18,660.32 +417.74 11AM EDT 12,687.43 Change -55.36 DOW NASDAQ 2,399.01 -14.35
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    • Article
      Lock icon FOREX
      41 1 USS SS US$ (S$ US$) 1.415 (USS/SS per 1.976 2.794 EURO(US$/S$/E) 1.483 2.098 YEN 106.70 75.50 RM 3.230 2.283 HK$ 7.800 5.514 BAHT 32.92 23.27 RUPIAH 9,220 6,518 RENMINBI 7.184 5.079 INDIAN RUPEE 39.42 27.87 1.103 0.780 NZ! 1.260 0.891
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      Lock icon Page 1 Advertisements Column 1
      3 1 8 *****1 *****4
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      95 1 ■i'jit' &3*^ '^^^'S^Bfcc^^^^^ I^^^Sj^B Iff DBS DE BETHUNE The Ho rid logical Masterpieces -6- **>^ Manual-winding mechanism with hours, minutes, patented De Bethune revolving moon, power reserve indication on the case back self-regulating i m v^holi double-barrel mainspring 3rd generation patented de bethune ultra a LIGHT BALANCE WHEEL TRIPLE «PaRACHUTE»
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      62 1 JKjWI US ELECTIONS PROPERTY ANALYSIS |j^ [JU SME SPOTLIGHT Mj M'Aj^L') Corporate campaign Prime prices Property subsales I Franklin Offshore's I v' rl IMLlif onati°nsssue could fall 5%: ÜBS may spike again heavy-lifter Wk H PAGEI9 PAGE 30 PAGE 2 *^Tit\ V PAGE 11 WEALTH FUND How Norway's government pension
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  • TOP STORIES
    • Article
      Lock icon 16 sponsors earn their Catalist spurs
      643 2  -  LYNETTE KHOO :SGX Local banks, international houses among SGX's approved sponsors By [SINGAPORE] Having transformed its junior board from the exchange-regu-lated Sesdaq into the sponsor-super-vised Catalist last December, the Singapore Exchange (SGX) yesterday rolled out the pioneer group of 16 approved sponsors and opened
      :SGX  -  643 words
    • Article
      Lock icon Subsales may spike again as projects near completion
      837 2  -  KALPANA RASHIWALA NEWS ANALYSIS Prices could soften if 'specuvestors' are forced to offload properties [SINGAPORE] Speculative activity took a breather in Q4 last year as the number of subsales as well as their share of total private home deals were down sharply
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    • THREE-MINUTE DIGEST
      • Article
        Lock icon Google moves to derail Yahoo buyout
        61 2 STANDING between a marriage of Microsoft and Yahoo may be the technology behemoth that has continually outsmarted them: Google. In an unusually aggressive effort to prevent Microsoft from moving forward with its U5544.6 billion hostile bid for Yahoo, Google emerged over the weekend with
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      • Article
        Lock icon SingTel draws record new subscribers in a quarter
        64 2 SINGAPORE Telecommunications continues to hoover up mobile phone subscriptions as consumers indulge in their love affair with the handset. For the quarter ended Dec 31, 2007, Sing Tel has scooped a record 197,000 new subscribers to bring its total to 2.33 million,
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      • Article
        Lock icon SIA investors in for generous H2 dividend?
        53 2 SINGAPORE Airlines, which has just reported strong third-quarter earnings, could pay a generous second-half dividend despite headwinds in the coming year, analysts say. They reckon investors can look forward to a good full-year payout on account of the company's strong cash balance. COMPANY
        53 words
      • Article
        Lock icon ASL Marine earnings jump 67% in H1
        54 2 ASL MARINE has achieved record revenue and earnings at mid-stream. For its first six months ended Dec 31, 2007, the group posted a 66.9 per cent year-on-year jump in net profit to $27.98 million as revenue rose 23.7 per cent to $193.4 million.
        54 words
      • Article
        Lock icon Manufacturing gauge off to sluggish start
        58 2 THE purchasing managers' index a manufacturing barometer got off to a sluggish start for the year, sliding for a second straight month. At 50.5 down half a point from the previous month the overall PMI is just a touch above the 50-point threshold that
        58 words
      • Article
        Lock icon World Bank sees weakest growth for China in 6 years
        62 2 CHINA'S economy will probably expand this year at the weakest pace in six years as a global slowdown curbs export growth, the World Bank said. The lender lowered its forecast for growth in China this year to 9.6 per cent
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      • Article
        Lock icon HK's Primus buys 20% of EON Capital
        63 2 SHARES of EON Capital, the holding company of Malaysia's seventh largest lender, rose 2.5 per cent yesterday to RM6.20 apiece on news that Hong Kong-based Primus Pacific Partners would buy 20 per cent of the lender from conglomerate DRB-Hicom. Primus said that it
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      • Article
        Lock icon Rap by party paper likely to shelve Ping An's stock sale
        77 2 SHARES in Ping An Insurance jumped more than 6 per cent yesterday after a commentary published by the mouthpiece of China's Communist Party criticised the company's plan for a US$22 billion stock sale. Fund managers said the criticism almost
        77 words
    • Article, Illustration
      Lock icon Cheer before CNY as China leads rally
      399 2  -  R SIVANITHY [SINGAPORE] Perhaps appropriately, a surge in China's stock market yesterday sparked a mini pre-Chi-nese New Year recovery in regional stocks, led by a 3.8 per cent jump in Hong Kong's Hang Seng Index. Bloomberg news service attributed the sudden rise in
      Bloomberg  -  399 words
    • Article, Illustration
      Lock icon Simply Mercer – to give the full picture
      928 3  - Simply Mercer to give the full picture ANNA TEO It's very much in the people business despite dropping HR tag from name [SINGAPORE] If you had always linked Mercer with HR consulting, and wondered about its dropping "Human Resource Consulting" from its name recently, rest assured the firm is still
      928 words
    • Article
      Lock icon Google moves to derail Yahoo buyout
      619 3 Reuters NYT, Microsoft expects Yahoo's board and shareholders to accept offer quickly [NEW YORK] Standing between a marriage of Microsoft and Yahoo may be the technology behemoth that has continually outsmarted them: Google. In an unusually aggressive effort to prevent Microsoft from moving forward
      Reuters; NYT,  -  619 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      368 2 **9 H MM Singapore's 2008 Budget Speech will be delivered by I Minister for Finance and Minister for Education, PwC Budget Seminar 2008 MrTharman Shanmugaratnam, on 15 February 2008. Who Should Attend Find out how the latest Budget measures will affect CEOs, CFOs, financial controllers, your business at the annual
      368 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      56 3 Stamford Law Capital Markets (Debt and Equity) I Mergers Acquisitions Corporate Finance I Investment Funds I Banking Finance Asset Structured Financing I Restructuring We have extended our involvement in Corporate Singapore Catalist Continuing Sponsor Stamford Corporate Services Pte Ltd 9 Raffles Place #32-00 Republic Plaza, Singapore *****9 Main +[65) 6389
      56 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon China, HK rally helps STI rebound
      584 4  -  R SIVANITHY STOCKS Jardine group, banking and property stocks spearhead index's 2.3 per cent advance WALL Street's Friday bounce and the resultant spillover to Hong Kong and China helped lift some of the gloom shrouding the local stock market yesterday. The Straits Times Index
      Bloomberg  -  584 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      96 4 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 9 6 2 0 0 0 9 6 2 Manufacturing 107 31 48 13 120 37 57 Commerce 40 17 44 12 22 )t/Stor/Comms 31 31 10 Finance 24 24 Construction 12 17
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 4 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 23.777 23.777 159.163 159.163 Manufacturing 404.432 84.646 489.078 408.978 10.260 419.238 Commerce 59.291 2.653 61.944 95.651 316 95.968 Tpt/Stor/Comms 104.294 104 104.398 313.887 33 313.920 Finance 62.264 62.264 493.973 493.973 Construction 60.716 12.277 72.993 21.470
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 4 Stock name Close Cham CapitaLand 5.990 +0.190 CapitaMall 3.080 +0.070 CityDev 12.000 +0.500 Cosco Corp 4.520 +0.110 DBS Grp 17.980 +0.280 F&N 5.160 +0.370 Gent Intl 0.620 HK Land 4.450 -0.020 JSH 14.800 +0.400 Jardine C&C 19.680 +0.040 Keppel Corp 10.800 +0.040 Keppel Land 6.280 +0.080
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    • Article
      Lock icon BROKERS' TAKE
      455 4 Singapore Airlines Feb 4 close: 5516.26 Citigroup Research, Feb 1 WE EXPECT the market to react positively to SlA's better-than-ex-pected Q3 results. Following SlA's recent share price correction, valuations have become more attractive. However, we remain cautious as FYOB (year to March) could well be the peak of
      455 words
    • Article, Illustration
      Lock icon Short-term relief rally seen for STI
      229 4  -  KEN TAI CHEE MING, CHART POINT THE month-on-month performance of the Straits Times Index (STI) in January was one of the worst since the Asian financial crisis in 1998. The benchmark index's 14.4 per cent month-on-month drop even exceeded that of 2000 when the
      229 words
    • Article, Illustration
      Lock icon Mixed forex response to mixed US data
      545 4  -  LARRY WEE CURRENCIES AHEAD of an extended Chinese New Year break later this week, currency action in Asia yesterday showed a mixed response to Friday's mixed US data. But, all told, the most important outcome was that with Wall Street closing firmer despite
      Reuters  -  545 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      47 4 Feb 4 VALUE CLOSE 21.00+678.0 BT OB/OS BT CADI -*****.00 +247.0 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 789.91 +18.49 FTSE ST Small Cap 680.35+16.08 FTSE ST All Share 791.15+18.07 FTSE ST China 552.32+15.98 SIMSCI 378.97+14.13 SIMSCI Futures 377.60+16.40 PrimeParnersCI 182.47 +5.57
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 4 VOLUME Jade Tech 44,408,000 China Honqxinq 38,706,000 SinoTechfib 31,569,000 Firstßes 29,198,000 Yanqzijianq 28,138,000 Sing Tel 27,633,000 Capita Land 26,585,000 JES 22,093,000 ArianeCorp 21,691,000 JiutianC 20,116,000 VALUE(S) Capita Land 157,540,430 UOB 144,665,110 SGX 136,066,235 DBS Grp 123,975,320 Keppel Corp 117,949,206 Sing Tel 106,673,881 OCBC Bk 62,731,970 Cosco Corp
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    • Article
      Lock icon RISES
      102 4 CLOSE UP China H 10US$ 1798 91.9 3.8 JMH 2642 84.8 2.3 S I A 1626 62.0 4.0 CIMBAsean40 100US$ 980 60.8 4.6 UOB 1850 58.0 3.2 JSH 1480 56.6 2.8 UOBMBLJCW*****0 626 55.0 9.6 SGX 1022 52.0 5.4 SIA 200 1620 52.0 3.3 :it 1200 50.0 4. BY
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    • Article
      Lock icon FALLS
      123 4 CLOSE DOWN GLD 10US$ 9070-183.8 -1.4 UOB DB ePW*****4 20.5 -15.0 -42.3 Shani iriLa Asia 2200 -14.5 -3.5 HSI*****SGAePW*****8 40.5 -13.5 -25.0 STI 3450 DBePW*****2 95 -13.0 -12.0 STI 3300SGAePW*****8 61 -11.0 -15.3 STI 3350 DBePW*****2 79.5 -11.0 -12.2 ChinaAniH 16.5 -10.0 -37.7 DBS Bk6% NCPS 10 ***** -10.0
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    • Article
      Lock icon CURRENCIES Where S$ stands
      87 4 Feb4 CLOSE CHNG FR Feb 1 YR 2008/07 S$ LOW S$ HIGH USS 1.4150 0.04 1.5479 1.4130® Euro 2.0973 0.41 2.1639 1.9913 Pounds 2.7955 0.86 3.1194 2.7855 AS 1.2828 -0.73 1.3555 1.1741 Yen* 1.3240 0.48 1.3821 1.2285 Rupiah* 0.***** 0.14 0.***** 0.***** Baht* 4.2996 -0.09 4.5700
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  • COMPANY NEWS
    • Article
      Lock icon SIA investors in for generous H2 dividend?
      542 5  -  YEN SREENIVASAN Analysts see good full-year payout due to solid cash balance CASH-RICH Singapore Airlines, which has just reported strong third-quarter earnings, could pay a generous second-half dividend despite headwinds in the coming year, analysts say. Merrill Lynch, ÜBS Investment Research, Citigroup Global
      542 words
    • Article
      Lock icon Aussie property still looking up?
      569 5  -  CONRAD RAJ ■HE US sub-prime mortgage problem may have put a dampener on property stocks worldwide, including Singapore. But there appears to be at least one bright spot on the planet, if ANZ Bank is to be believed. Said the bank in a recent report
      569 words
    • Article, Illustration
      Lock icon SingTel gets record 197,000 new mobile subscribers in Q3
      579 5  -  SIOW LI SEN Group combined mobile subscriber base in the region hits 171.5 m GIANT telco Singapore Telecommunications (Sing Tel) continues to hoover up mobile phone subscriptions as consumers indulge in their love affair with the handset. For the quarter ended
      BLOOMBERG  -  579 words
    • Article
      Lock icon Globe Telecom earnings surge 27%
      497 5  -  AL LABITA By in Manila GLOBE Telecom, SingTel's listed Philippine unit, sustained its robust earnings stream last year, posting another record profit despite stiff competition in the telecoms market. Excluding non-recur-ring costs such as foreign exchange losses and the early payment of US$3OO million debt
      497 words
    • Article
      Lock icon DBS shares rise on plans to buy Taiwan's Bowa
      240 6 Bloomberg DBS Group Holdings Ltd, South-east Asia's largest bank, rose in Singapore trading yesterday on plans to expand in Taiwan in its first major acquisition in seven years. DBS rose 28 cents, or 1.6 per cent, to 5517.98 at the s:ospm
      Bloomberg  -  240 words
    • Article
      Lock icon Markets will recover after 3-6 mths of mild recession: S&P analyst
      698 6  -  YEN SREENIVASAN He warns of one more major market collapse between now and rosier H2 THE sub-prime crisis will cause a mild US recession, but financial markets will recover in three to six months after most of the bad
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    • Article
      Lock icon Asia more stable now than in 1997
      382 6 ASIAN banks and markets here are a lot more stable and better placed for longterm growth, despite the sub-prime fears. Lorraine Tan, S&P's vice-president for Asian Equity Research, sees Singapore banks, in particular, as being very stable in a market where there is
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    • COMPANY BRIEFS
      • Article
        Lock icon Biosensors cuts Q3 net loss to US$7.8m
        44 6 BIOSENSORS International has narrowed its net loss for the third quarter ended Dec 31, 2007, by 25 per cent to US$7.B million, from the previous corresponding quarter's US$lO.4 million. Revenue rose 5 per cent to US$B.75 million.
        44 words
      • Article
        Lock icon Radiance Electronics posts $13.7m half-year loss
        97 6 RADIANCE Electronics went into the red with a net loss of $13.7 million for the half-year ended Dec 31, 2007, from a net profit of $2.2 million for the previous corresponding period. Revenue dropped 22.1 per cent to $59.4 million from $76.3 million. Other
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      • Article
        Lock icon Longcheer half-year net up 1% to 114.4m yuan
        88 6 CHINA-BASED mobile handset designer Longcheer Holdings yesterday announced a one per cent rise in net profit to 114.4 million yuan (5522.6 million) for the half-year ended Dec 31, 2007, from 113.5 million yuan for the previous corresponding period. This came on the
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      • Article
        Lock icon K1 posts $25.9m Q2 earnings
        45 6 Xl Ventures has announced a net profit attributable to shareholders of $25.9 million for the second quarter ended Dec 31, 2007. This compares with a net loss of $2.2 million for the previous corresponding three months.Q2 revenue was $131 million.
        45 words
    • Article
      Lock icon ASL Marine rides oil industry boom to post record figures
      451 7  -  VINCENT WEE Interim earnings soar 66.9% to $28m while revenue rises 23.7% to $193.4 m MARINE group ASL Marine has achieved record revenue and earnings at mid-stream. For its first six months ended Dec 31, 2007, the group posted a
      451 words
    • Article
      Lock icon At a glance
      61 7 Fu year en Dec 2007 Asia Enterprises 19.54 15.31 CMZ Hldqs 8.22 7.49 27.6 9.9 182.95 34.92 149.03 31.38 22.8 11.3 CEI Contract 6.28 5.31 18.1 88.16 75.13 17.4 New Lakeside 2.30 14.72 -84.4 39.55 31.11 27.1 SP Corp 0.28 2.98 -90.8 192.49 280.01 -31.3 Notes: Net
      61 words
    • Article
      Lock icon Dates of earnings release
      191 7 Full year ended Dec 2007 Aztech Systems Feb 05 SNP* Feb 05 Spore Food Ind Feb 05 Tuan Sing Hldgs Feb 05 China Enersave Feb 06 Vicom Ltd Feb 12 NOL Feb l2 UIS Feb 12 Star Hub Feb 13 Challenger Tech Feb 14 ComfortDelgro Corp
      191 words
    • Article
      Lock icon Goodpack in deals with China firms
      112 7 Reuters [SHANGHAI] Singapore's Goodpack Ltd will provide packaging to Sinopec and Sinochem for their imports of synthetic rubber and natural rubber, Goodpack said. By teaming up with Sinopec, China's largest refiner, and Sinochem, a major state-owned trader and producer of oil and petroleum products,
      Reuters  -  112 words
    • Article
      Lock icon China Milk's Q3 profit rises 13.5%
      383 7 CHINA Milk Products Group achieved a 13.5 per cent rise in net profit to 116.9 million yuan (Ss23 million) for its third quarter ended Dec 31, 2007 boosted by a shortage of raw milk in China. Revenue rose 23.6 per cent to 140.7 million
      383 words
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      Lock icon Page 5 Advertisements Column 1
      25 5 BB WaterbedT Futons Sofa Beds Spring Mattresses Feather Down Pillows/Quilts Bedding Accessories MORE! A ESb9 E? d! BE Sis SSSs Wl--'- ~'jp.'" r -|*"'J'I Jl
      25 words
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      109 5 T^ SAVE TAX Our qualified professionals W/MJ can assist you with offshore p| J structures, shelf companies si zt AiiSsi and incorporations in ALL jurisdictions including: C^|^^H British Virgin Islands Cayman Islands Bahamas I Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We
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      101 6 Very Important People are coming to a Very Important Place J V 1 X I "'Mm I I ps^^^Kf^ Bin I A Joint Partnership by: Supported by: Official Airline: Official Broadcast Official Media Partner: Official International Official Newspaper: Supporting Publications: Official Time: Official Car: -J Media Partner: Newspaper: c^tf ICir^ilD
      101 words
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      8 7 I l| Terms and conditions apply, ms^m^m^^r^m^m l
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      Lock icon Page 7 Advertisements Column 2
      98 7 K«'f k^O W» CNY OfferHW^^^ffii'iS FREE Registration! VETA A Pioneer Goes Global Launches its first centre in Singapore Batch Starting on 11 Feb 2008. Call us now at 6334 6003 ABOUT VETA VETA Education Centre Largest spoken English Training Computer Enabled Training; Well Academy in Asia with 200 centres in
      98 words
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      Lock icon Page 7 Advertisements Column 3
      165 7 It's nice to be voted the No. I Serviced Apartment Vendor by HR professionals in Human Resources magazine's poll. It's also great to win Gold in award-winning UK magazine Buying Business Travel's Serviced Apartment Company category As wonderful as these accolades are, nothing beats the smiles of satisfaction and looks
      165 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Long-term LNG deal possible with Qatar: SM
      465 8  -  OH BOON PING Wrapping up visit, he says Spore can learn from Qatar and Dubai's experiences By QATAR, the world's biggest producer of liquefied natural gas (LNG), has offered to negotiate a long-term supply deal with Singapore, says Senior Minister Goh Chok Tong,
      465 words
    • Article
      Lock icon UBS names new S'pore country head
      270 8  -  CHEW XIANG Bank's senior director Gerald Chan to replace Christine Ong By ÜBS has appointed Gerald Chan as its Singapore country head. The 47-year-old is a senior client relations director with the bank's foreign exchange and money market division. He replaces Christine Ong, who
      270 words
    • Article, Illustration
      Lock icon LTA to upgrade Sentosa, Harbourfront roads
      392 8  -  VINCENT WEE By THE road system in the Sen-tosa-Harbourfront area will be upgraded to cope with an expected increase in traffic when Resorts World at Sentosa and other developments in the area are completed in 2010, the Land Transport Authority (LTA) said yesterday. "With
      392 words
    • Article
      Lock icon $14m bid triggers tender of Ubi industrial site
      296 8 A 60-YEAR leasehold reserve list industrial site at the corner of Übi Avenue 4 and Übi Road 2 has been triggered for release after the Urban Redevelopment Authority received an application from an unnamed developer committed to bidding at least $14 million,
      296 words
    • Article
      Lock icon Business for environment summit in April
      207 8 THE second Business for the Environment Global Summit will be held in Singapore in April. It will focus on the global economic and financial impact of environmental issues, such as resource efficiency, renewable energy and climate strategies. "Caring about the environment and going green
      207 words
    • Article, Illustration
      Lock icon S'pore population hits 4.6 million
      231 8 Number of foreigners increasing faster than citizens, PRs SINGAPORE'S economic planners think the country can hold 6.5 million people, a size they feel will be ideal to keep the economy humming. Minister Mentor Lee Kuan Yew, however, feels the optimum population size for tiny Singapore
      : Dept of Statistic  -  231 words
    • Article
      Lock icon FairPrice housebrands doing brisk business
      206 8 SALES of NTUC Fair Price housebrands have seen double-digit growth since the launch of the 5 per cent discount scheme on the co-op-erative's 500 housebrand products on Dec 19 last year. The special discount by the supermarket chain, meant to help Singaporeans cope with the
      206 words
    • Article, Illustration
      Lock icon PMI dips to 50.5 in January
      369 9 Electronics sub-index slips by 1.5 points to 50.8, its lowest level in nearly a year THE purchasing managers' index (PMI) a manufacturing barometer got off to a sluggish start for the year, sliding for a second straight month. Notably, the new orders sub-index is
      BLOOMBERG  -  369 words
    • Article
      Lock icon SMEs upbeat about 2008 growth
      466 9  -  TAN SEO YEAN 84% see same or faster GDP expansion: HSBC poll SMALL businesses across the Asia-Pacific region are optimistic about their respective country's economic prospects, with more than half of Singapore firms expecting the country's economy to grow at the same pace as it
      466 words
    • Article
      Lock icon Asian CEOs bullish on 2008 prospects: PwC
      452 9  -  MATTHEW PHAN ASIAN CEOs are more confident about business prospects in the year ahead, despite a fall in confidence globally, a PricewaterhouseCoopers (PwC) survey has found. "Many companies in Asia continue to be the engine of economic growth that has been driving prosperity
      452 words
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      52 8 From Ist January to 29th February 2008 only! The Straits Times online subscription This works f out to on// 1 M|p3^!ET|^^l a day/ The Business Times online subscription This works out to only I Ih ivWbMHnpll A. **cents M THE STRATTS TIMES T^E BUSINESS TIMES g/9 straitstimes.com businesstimes.com Vi^P Singapore
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      130 9 Now when you're booking the J O best hotel in Singapore, you have to think twice. From the Ist of February the Negara on Claymore becomes our second hotel in Singapore the Pan Pacific Orchard, situated just a short walk away from the prime shopping locale of Orchard Road. So
      130 words
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  • SME SPOTLIGHT
    • Article, Illustration
      Lock icon Making steady moves to win a long battle
      1225 10 SMALL CAPS China Healthcare's CEO believes in reaping long-term gains through diligence, reports CHEN HUIFEN CHINA Healthcare chief executive officer and founder Ong Chu Poh had wanted to become a teacher when he first graduated from Nanyang University in the late *****.
      JOHN HENG  -  1,225 words
    • Article
      Lock icon Portfolio recovers from drubbing
      423 10  -  TEH HOOI LING THE stock market seems to have found its footing, at least in the short term, with many stocks rebounding off their recent lows. More than half the stocks in our small-cap portfolio also recovered from their recent drubbing, lifting the value of the
      423 words
    • Article, Illustration
      Lock icon A niche in a rugged sort of thing
      811 11 Angle Tang Franklin Offshore International's tough CEO Angie Tang believes in giving her clients 'total solutions', reports QUAH CHIN CHIN A CHIEF executive officer "can just sit back" and run the company. But not Angie Tang, who helms lifting and mooring equipment
      – Angle Tang; ARTHUR LEE  -  811 words
    • Article, Illustration
      Lock icon Tapping IE's 3Cs for greater global reach
      486 12 Singapore agency ready to assist local enterprises in growing their exports through competency, connections and capital GROWING regionally always poses new challenges to an enterprise, whether it is a multinational or an SME. Not only do enterprises need to understand the diverse economic
      FILE PHOTO  -  486 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7782 12 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.926/ Star Europe Bond 1.212/ Star Europe Bal 1.188/ Star Asian Tiger Eqty 1.486/ Star Asia Bond 1.237/ Star Asia Balanced 1.019/ Star Global Technology Fund!" 0.201/ Multi St Fd 0.907/ Star Asia Bond(USD) 0.873/ Gib Multi St USD
      7,782 words
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      1572 10 I JUSTCOMMODITY SOFTWARE SOLUTIONS PTE LTD I (Incorporated in the Republic of Singapore) Company Registration No. *****2337-D LOSS OF SHARE CERTIFICATE NOTICE is hereby given that the following Certificate has been reported lost, mislaid or destroyed: Name of Shareholder Certificate No. No. of Shares Justcommodity Inc. 6 23,000 NOTICE IS
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      32 10 HAVE A "G#kFY" EXPERIENCE! WIN TICKETS TO THE HSBC WOMEN'S CHAMPIONS 2008 MONDAY TO FRIDAY FROM 4 TILL 22 FEB •THE WOMEN'S CHAMPIONS IS HELD BETWEEN 28 EEB AND 2 MAR WWW.RADIO9I3.COM
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      1053 11 Build excellent service through strong leadership Developing effective leadership is a vital part of service excellence. Successful companies Singapore Workforce service gaps and take actions running a series of 13 outlets n. ._^g^Sßßgs^jj^Mfcßß^, around the world constantly Development Agency (WDA) to improve service leadership, within 10 years, Fish Co. rfJf/i--work
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      47 12 '^^^^^^^^^^SKm M ™E EXPERTISE OF MANY, THE STRENGTH OF ONE '/f'//'l:/y /^'■'::':::::^:7-\':'-^^ '/.&?;< •:;'."•'-.-*->»iK$S^5sf|i|s l lie core OUI business are multiple world-class investment management j* jj :;'''^^i^''":^^^^W 1 j^L groups Franklin, Templeton and Mutual Series each operating autonomously rrV;^:';^^^^^Y"''"^^^^^^^^^^ anc* offering our clients their unique perspectives. FRANKLIN TEMPLETON
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon World Bank sees weakest growth for China in 6 years
      439 13 Bloomberg It lowers forecast to 9.6% as slowdown in global economy curbs export growth [BEIJING] China's economy will probably expand this year at the weakest pace in six years as a global slowdown curbs export growth, the World Bank said.
      Bloomberg; AFP  -  439 words
    • Article
      Lock icon S Korean agency eyes US bad loan assets
      300 13 Reuters [SEOUL] A South Korean government agency may buy US$5OO million of bad loan assets in the United States as Wall Street banks struggle to clean up balance sheets dented by the subprime mortgage crisis. An official at Korea Asset Management Corp
      Reuters  -  300 words
    • Article
      Lock icon Japan to unveil cutting-edge technologies at G8 summit
      507 13  -  ANTHONY ROWLEY By in Tokyo JAPAN'S once "Mighty Miti" or Ministry of International Trade and Industry (known nowadays as Meti), which spearheaded the country's drive into global manufacturing supremacy, is back in business. This time it is pushing what Meti Minister Akira
      507 words
    • Article
      Lock icon NZ growth may be slower than forecast
      174 13 Bloomberg [WELLINGTON] New Zealand's economic growth may be slower than forecast this year because of a weaker global outlook, according to the Treasury department. "Expectations of a global slowdown have increased the downside risks" to the department's December forecasts, it said in a
      Bloomberg  -  174 words
    • Article
      Lock icon Tokyo stocks jump on Russian SWF interest
      508 13  -  ANTHONY ROWLEY News seems aimed at muting possible Japan anti-SWF stance By in Tokyo RUSSIAN sovereign wealth funds (SWFs) could become significant buyers of Tokyo stocks, a leading Japanese newspaper yesterday reported Russian Finance Minister Alexei Kudrin as saying, as Group of Seven
      508 words
    • Article
      Lock icon G7 finance chiefs, top bankers to discuss currencies
      310 13 Bloomberg [PARIS] Finance ministers and central bankers meeting at the weekend will discuss currencies, an adviser to French Finance Minister Christine Lagarde said yesterday. "There will be an interesting exchange of views on exchange rates, which will be of particular interest concerning
      Bloomberg  -  310 words
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      563 13 fiBTERRA Bringing you the earth's resources ABTERRA LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****3007 C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of the Company will be held at 8 Shenton Way, #31-02, Singapore *****1 on
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon HK's Primus buys 20% of EON Capital
      582 14  -  S JAYASANKARAN RMl.34bsaleby DRB-Hicom drives EON share price up 2.5% to RM6.20 By In Kuala Lumpur SHARES of EON Capital, the holding company of Malaysia's seventh largest lender, rose 2.5 per cent yesterday to RM6.20 apiece on news that Hong Kong-based Primus Pacific
      582 words
    • Article, Illustration
      Lock icon Be a rat and reap rewards: KL analyst
      516 14  -  i PAULINE NG By In Kuala Lumpur RATS! It'll be an earth rodent which will rule from Feb 7 to Jan 25 next year, so stockmarket punters must brace themselves for a period of volatility, underlying conflict and stress, say geomancers and
      AP  -  516 words
    • Article
      Lock icon UBG to buy M'sia builders for RM1b
      431 14 Bloomberg [KUALA LUMPUR] ÜBG Bhd, which sold its Malaysian banking business last year, plans to buy four builders for RM1.03 billion (***** million) to take advantage of a government plan to attract billions of dollars of infrastructure investment. The company, controlled by the
      Bloomberg  -  431 words
    • Article
      Lock icon Indonesia to reduce phone interconnection fees by 40%
      426 14 Bloomberg [JAKARTA] Indonesia plans to cut the fees that telephone operators pay to rivals when accessing their networks by as much as 40 per cent to attract more users, Communications and Information Minister Muhammad Null said here yesterday. The reduction will be
      Bloomberg  -  426 words
    • Article
      Lock icon Scormi seeks buyers for stake in CH Offshore
      141 14 [KUALA LUMPUR] Scomi Marine Bhd, the largest tug and barge company in South-east Asia by deadweight tonnes, has appointed international merchant bankers in Singapore to source and evaluate potential buyers for its 29.07 per cent stake in CH Offshore Ltd, according to
      141 words
    • Article
      Lock icon BURSA MALAYSIA
      2288 14 :eb4 RM ('000) A&M Realty 0.75 AbricBhd 0.27 Advance Synergy 0.18 Adventa Bhd 1.34 AeMuIti Hldgs 0.28 Win Holdings 2.33 Ahmad Zaki Resou 1.48 Aic Corp 0.68 Bhd 1.63 Akn Technology 0.62 Alliance Financi 2.91 Aluminium Co 1.11 Amalgamated Ind 0.48 \mmb Hldgs Bhd 3.82 Amtel Holdings 0.87
      2,288 words
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  • GREATER CHINA
    • Article
      Lock icon Rap by party paper likely to shelve Ping An's stock sale
      542 15 Reuters Shares of country's second biggest life insurer surge more than 6% [SHANGHAI] Shares in Ping An Insurance jumped more than 6 per cent yesterday after a commentary published by the mouthpiece of China's Communist Party criticised the company's
      – Reuters  -  542 words
    • Article
      Lock icon China Railway Construction IPO delayed: sources
      202 15 Reuters [SHANGHAI] China's securities regulator has asked China Railway Construction Corp to postpone its Shanghai and Hong Kong dual listing worth as much as US$4 billion due to poor market conditions, sources said yesterday. The company had originally planned to post IPO schedules on
      Reuters  -  202 words
    • Article, Illustration
      Lock icon Esprit aims to top 30% growth in US sales
      798 15 Reuters It will invest up to USs4om a year to expand its US arm [HONG KONG] Esprit, the world's No 5 fashion retailer, is eyeing at least 30 per cent annual US sales growth over the next decade, its chairman and
      – Reuters; REUTERS  -  798 words
    • Article
      Lock icon China warns of challenges facing snow relief work
      509 15 Reuters Bad weather expected to continue; President Hu chairs emergency talks [CHENZHOU] Millions remained stranded in China yesterday ahead of the biggest holiday of the year as President Hu Jintao chaired an emergency meeting to discuss how to beat the worst winter
      – Reuters  -  509 words
    • Article
      Lock icon China's benchmark index climbs by the most on record
      433 15 Bloomberg [SHANGHAI] China's benchmark stock index rose by the most on record on speculation that the government will introduce measures to boost equities and stimulate growth after the worst snowstorms in decades closed transport networks and halted output. Citic Securities Co,
      Bloomberg  -  433 words
    • Article
      Lock icon Chinalco ready to sell Rio Tinto stake to BHP
      579 15 AP Disposal depends on whether the price is right, says president [SYDNEY] The head of the Chinese company that recently bought a chunk of mining giant Rio Tinto has said that the purchase was a strategic investment, hinting that his company
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  • INDIA
    • Article, Illustration
      Lock icon Chinese fund gets nod to invest in Indian stocks
      483 16  -  SIDDHARTH SRIVASTAVA Analysts expect Chinese investments in Indian stocks to reach as much as US$l Ob in near future By in New Delhi THOUGH the Indian bourses have collapsed in the recent past, investors continue to be bullish about the long
      AFP  -  483 words
    • Article
      Lock icon US slowdown, rising rupee steal shine from diamond trade
      498 16 [MUMBAI] An economic downturn in the United States and the rising rupee have left Mumbai's diamond traders fretting, said a report in The Economic Times. The fear of business loss has already cast a shadow over the city's Santacruz Electronic Export
      498 words
    • Article, Illustration
      Lock icon Allegations mar Buddhist holy site
      339 16 Reuters [BODH GAYA, India] Tales of corruption, looting and religious rivalry are swirling around the spot where Buddha is said to have gained enlightenment in eastern India some 2,500 years ago. As many as 100,000 pilgrims and tourists visit the Mahabodhi Temple in Bodh Gaya
      Reuters; REUTERS  -  339 words
    • Article
      Lock icon Ministers discuss proposals to modify SEZ policy
      415 16 [NEW DELHI] Proposals related to imposing of export obligation, scrapping of tax benefits as well as doing away with the 5,000 hectare cap on the size of Special Economic Zones (SEZs) are on the agenda of the Empowered Group of Ministers (EGoM) on
      415 words
    • Article
      Lock icon Reliance Infratel files for IPO
      269 16 Reuters [MUMBAI] Reliance Communications, India's No 2 mobile operator, said yesterday that its tower unit had filed for an initial public offer (IPO), boosting its shares more than 8 per cent. Reliance Infratel Ltd will offer 89.2 million shares, or 10.05 per cent of the
      ■ Reuters  -  269 words
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      140 16 We train so many m Goodness, no. I people that we I Never again -^rf^bd|f^ nave t0 create 9 fc^s^-^" 5 would I run for restaurants for president of the <^7 them. -rr--r< United States. I'm quite clear about the uselessness of nostalgia. I AaM live fully in the places
      140 words
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  • BID FOR YAHOO
    • Article, Illustration
      Lock icon Betting on the next big thing
      1175 17 ■NYT Microsoft is trying to buy what it has not been able to build [SAN FRANCISCO] In moving to buy Yahoo, Microsoft may be firing the final shot of the last war. That one was over Internet search advertising, a booming category in which
      ■NYT; Reuters, com Score, Nielsen/Netßatings  -  1,175 words
    • Article
      Lock icon Microsoft vs Google, search is true prize
      767 17 Reuters All eyes are on which company can build the best electronic librarian [LONDON] A good place to see the true frontline in Microsoft's battle with Google is deep in the bowels of the British Library in London. In a room under the
      ■ Reuters  -  767 words
  • Page 17 Advertisements
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      1236 17 r^^V />^^ CEI CONTRACT MANUFACTURING LIMITED^ M Company Registration No: *****5114H ANNOUNCEMENT RESULTS The unaudited results of the Group and of the Company for the financial year ended 31 December 2007 are as follows: GROUP 2007 2006 $'000 $'000 Revenue 88,163 75,127 17.3 Cost of sales (66,443) (55,315) 20.1 Gross
      1,236 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon SocGen controls failed before loss: minister
      1000 18 AP, Bloomberg, Reuters Her report to the PM largely backs up bank's version of the Kerviel scandal [PARIS] Some internal controls at Societe Generale failed or were not heeded before the banking giant announced billions of euros in losses precipitated by a rogue trader,
      AP,; Bloomberg,; Reuters; REUTERS  -  1,000 words
    • Article
      Lock icon Bush budget deficit to hit US$410b as economy slows
      505 18 Reuters Priority for Iraq war while domestic programmes are cut [WASHINGTON] US President George Bush acknowledged yesterday that a weaker economy would lead to higher budget deficits, as he unveiled a US$3.l trillion spending plan for fiscal year 2009 that would
      Reuters  -  505 words
    • Article
      Lock icon Coal prices set new record on supply shortfall
      385 18 Bloomberg [SYDNEY] Coal prices jumped to a record of more than US$lOO a tonne at Australia's Newcastle port a benchmark for Asia as snowstorms in China, power cuts in South Africa and floods in Queensland reduced output. Power-station coal prices at the
      Bloomberg  -  385 words
    • Article, Illustration
      Lock icon Liverpool 08, Nova Scotia try different tactics
      589 18 Clipper Ventures THE majority of the Clipper 07-08 fleet have stayed in the middle of the course on this race from Singapore to Qingdao following the shortest distance. However yesterday morning's positions indicate that both Liverpool 08 and Nova Scotia are trying to
      : Clipper Ventures; ONEDITION  -  589 words
    • Article
      Lock icon Confidence down among US, European CEOs
      313 18 -Reuters [HONG KONG] Business confidence among chief executives in Western economies has plunged in the past year, according to a survey by PricewaterhouseCoopers. The fall is notably in the United States, where only a third of bosses claim to be "very confident" of revenue
      -Reuters  -  313 words
    • Article
      Lock icon Dec factory orders bring some cheer with 23% rise
      348 18 -AP LATEST US DATA [WASHINGTON] US factories saw demand for their products rise in December by the largest amount in five months, a spot of welcome news that failed to change the picture of an economy struggling to stay afloat. The
      -AP  -  348 words
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  • WORLD
    • Article, Illustration
      Lock icon Surge in corporate donations to campaigns
      671 19 Reuters US ELECTIONS Big money coming especially from firms involved in sub-prime mortgage crisis [WASHINGTON] Corporate America is pouring money into the US presidential campaign at an unprecedented rate, with a torrent of donations coming from the businesses behind the sub-prime mortgage crisis. Facing
      Reuters; AP  -  671 words
    • Article, Illustration
      Lock icon Democratic presidential hopefuls jostle for lead
      540 19 AP [WASHINGTON] Hillary Rodham Clinton and Barack Obama were jostling for the lead going into today's coast-to-coast presidential primary contests, while Republican frontrunner John McCain aimed to lock down his party's nomination by squeezing main rival Mitt Romney out of the race. While Mr
      AP; REUTERS  -  540 words
    • Article, Illustration
      Lock icon Different GM brands for different regions
      650 19 NYT Strategy helps firm stay as the world's biggest car maker [LONDON] In Britain, you can buy a Vauxhall, a Chevrolet, a Saab, a Cadillac or a Hummer. On the Continent, you can trade in the Vauxhall for an Opel. In China, perhaps you'd
      NYT; AP  -  650 words
    • Article
      Lock icon Natural selection plays key role in human variations
      432 19 AFP [PARIS] Scientists have found more than 500 genes that account for variations across human populations including skin colour, height, and vulnerability to disease, according to a study released on Sunday. By comparing millions of fragments of genetic code from individuals in
      AFP  -  432 words
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  • AVIATION
    • Article
      Lock icon Thai AirAsia posts loss of over 1b baht
      581 20 Bernama But CEO describes it as one-off loss, confident of profit this year [BANGKOK] Thai Air Asia, which has hit the 10-mil-lion passenger mark as it celebrates its fourth anniversary, suffered losses of over one billion baht (Ss4s million) last year due
      Bernama  -  581 words
    • Article, Illustration
      Lock icon Air Asia X launches KL-Hangzhou service from LCCT
      228 20 Bernama [KUALA LUMPUR] Air Asia X, the pioneer of low-cost, long-haul air travel, yesterday began its Kuala Lumpur-Hangzhou service at the Low-Cost Carrier Terminal (LCCT) of the Kuala Lumpur International Airport (KLIA). "We're extremely pleased with the reception we've received since announcing
      Bernama  -  228 words
    • Article, Illustration
      Lock icon Ryanair profits dip, warns of poor outlook
      655 20 Bloomberg Net income in Q3 falls to 35m euros on lower prices [LONDON] Ryanair Holdings, Europe's biggest discount airline, said profit declined for the first time in seven quarters as increased competition hurt ticket prices. Higher fuel costs and reduced consumer spending may
      Bloomberg; BLOOMBERG  -  655 words
    • Article
      Lock icon Aircraft orders expected to slow but remain buoyant
      235 20 Reuters [NEW YORK] Although aircraft orders this year are unlikely to match last year's record number, a ÜBS analyst believes that they will be above normal for this point in the cycle, Barron's said in its Feb 4 edition. David Strauss, US
      Reuters  -  235 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2478 20 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Ov (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
      2,478 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      340 20 CRYPTIC CROSSWORD 1 Mishmash in newspaper __^J__^J__^J__^M__^J__^J__^J_ produced in Portuguese city j^J 9 New part out of place in 10 Two items used in table ten- ■^■^■H nis game (7) 12 Informed about a Herts P^H^|^|^__Pl__P^__^H__P^H^H^^^ 13 Lady had degree from old mm B^H^HH mU kingdom (5) __BB__HH__^^M^HB__H^H^HH__^HL entertaining bishop
      340 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Tanker rates for ME-Asia routes seen falling
      522 21 Bloomberg Chinese New Year holiday curbing ship demand; only one VLCC booked in Feb [LONDON] The cost of shipping Middle East crude oil to Asia, the world's busiest route for supertankers, may reverse five days of gains as the Chinese New Year holiday
      Bloomberg; BLOOMBERG  -  522 words
    • Article
      Lock icon Conversions won't stem fleet growth
      217 21 Bloomberg [LONDON] Plans by oil tanker owners to have ageing vessels converted to other trades may not stem fleet expansion, shipbroker Poten Partners said yesterday. "Although some have predicted that accelerated removals could cancel out the impacts of a sizeable order book, there is reason
      Bloomberg  -  217 words
    • Article
      Lock icon DP World to boost port capacity 27%
      124 21 Bloomberg [DUßAl] DP World Ltd, the port operator that raised U554.96 billion in the Middle East's biggest initial share sale in November, said it will raise capacity of Dubai's Jebel Ali Port by at least 27 per cent this year. The Dubai governmentowned
      Bloomberg  -  124 words
    • Article
      Lock icon Tanjung Offshore expects more ships
      339 21 [KUALA LUMPUR] Tanjung Offshore Bhd, an integrated oil and gas (O&G) service provider, expects to receive five more vessels in the second half of this year, according to a report in The Starßiz.'fhey are expected to contribute significantly to its profit in its current financial
      339 words
    • Article, Illustration
      Lock icon Mitsui Engg Q3 profit declines 60%
      381 21 Bloomberg [TOKYO] Mitsui Engineering Shipbuilding Co, Japan's third-largest shipbuilder, posted a 60 per cent decline in third-quar-ter profit from a year earlier, when a one-time gain from the sale of a boiler unit boosted earnings. Net income fell to six billion yen (5579.4 million)
      Bloomberg; BLOOMBERG  -  381 words
    • Article
      Lock icon Brazil turns to containers to ship sugar
      257 21 Bloomberg [LONDON] Brazil, the world's biggest producer of sugar, is shipping more of the commodity in containers to cut freight costs, according to Santos Associados Consultoria Ltda. The South American country delivered 1.5 million tonnes of sugar in containers in the first 11
      Bloomberg  -  257 words
    • Article
      Lock icon Dry-bulk shipping costs may rise for 2nd week
      555 21 Bloomberg Chinese steelmakers, miners close to price accord on supplies [SINGAPORE] Shipping costs for coal and other commodities may extend gains for a second week as demand to move iron ore rises on speculation Chinese steelmakers and three miners may be close
      Bloomberg  -  555 words
    • Article
      Lock icon KL firm eyes Kerala port deal
      221 21 Bernama [NEW DELHI] Port operator Pembinaan Redzai Sdn Bhd is vying for the construction of the proposed RMS billion (552.2 billion) International Container Transhipment Terminal at Vizhinjam Port in Kerala. Pembinaan Redzai, a major shareholder of Westport Holdings Sdn Bhd, is one of five
      Bernama  -  221 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        116 21 '000 Fell 4 ii Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KiVentures Keppel Corp Labroy Marine MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises
        116 words
      • Article
        Lock icon KLSE
        41 21 '000 Fell 4 M$ Vol Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.90 9.65 9.50 4.02 3.00 0.25 unch 0.01 0.05 unch 0.22 0.01 -0.01 unch 969 904 1870 2888 88 4 0
        41 words
      • Article
        Lock icon BANGKOK
        15 21 ■oo Febfl Balit Vol Precious Ship Regional Cont 27.50 25.75 unch -0.50 3782 360
        15 words
      • Article
        Lock icon HONGKONG
        15 21 '000 Fell 4 HK$ Vol Ooil Singamas Cont 46.35 2.54 0.85 0.16 1301 3474
        15 words
      • Article
        Lock icon PHILIPPINES
        25 21 '000 Febfl Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.70 38.00 2.26 unch unch unch -0.02 unch 7041 696 104 0
        25 words
      • Article
        Lock icon TAIPEI
        17 21 Evergreen Marine ...24.05 :irst Steamship 55.40 /Van Hai Lines 23.20 0.25 3.60 0.25 21 8 7
        17 words
      • Article
        Lock icon TOKYO
        43 21 '000 Fell 4 Yen Vol Kawasaki Hvylnd...259.00 5.00 ***** Kawasaki Kisen ...1077.00 38.00 7769 Mitsubishi Hvy 436.00 14.00 ***** Mitsui Eng&Sbldg ..354.00 12.00 ***** Mitsui Osk Lines ..1358.00 22.00 ***** Nippon Express 587.00 13.00 4940 Nippon Yusen 913.00 8.00 8184 Source: Reuters
        43 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Choppy times ahead for premium airlines?
      444 22 JUST weeks after predictions of a significant slowdown in global aviation revenues and earnings, two major carriers have reported strong quarterly earnings for October to December 2007 and expressed cautious optimism for the year ahead. Last week, Singapore Airlines (SIA) reported that third-quarter pre-tax
      444 words
    • Article, Illustration
      Lock icon Election- time slowdown: GOP faces biggest risk
      1178 22  -  EDMUND L ANDREWS NYT But Democratic incumbents in Congress are also not immune to voter wrath AN economic downturn at election time in the United States almost always spells disaster for the political party that holds the White House. But the slowdown this
      NYT; AFP  -  1,178 words
    • Article, Illustration
      Lock icon Trust me, there's upside in Mumbai's slow traffic
      816 22  -  ANDY MUKHERJEE Bloomberg THE BOTTOM LINE THOSE who say traffic in the Indian city of Mumbai moves at a snail's pace are engaged in a vicious misinformation campaign. Archie, the garden mollusc that won the 1995 World Snail Racing Championship at the
      Bloomberg  -  816 words
    • Article, Illustration
      Lock icon Raising S'pores tax appeal for M&As
      1146 23  -  CHRIS WOO More interest expense deductions may help make the Republic more attractive for acquisition and holding companies By I HILE there is much uncertainty surrounding the United States-led sub-prime crisis which continues to cast a long shadow over merger acquisition (M&A) prospects globally,
      BLOOMBERG  -  1,146 words
    • Article
      Lock icon Let public have first bite of property before directors
      419 23  -  Ang Hao Yao LETTERS TO THE EDITOR IT was reported recently that a listed company had sold a property it had developed to the relatives of a director. What was unusual this time was that the relatives were walk-in customers during
      419 words
    • Article
      Lock icon Cap the IPO shares one can apply for via ATM
      166 23 IT is very disappointing that the public issue of Capital Retail China Reit offered via the ATM on Jan 26 was fully taken up within seconds of opening. Do the underwriters or issuers publish any information on the result oi
      166 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      24 23 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES Hpl
      24 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 2
      112 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      112 words
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  • FOCUS: NORWAY'S WEALTH FUND
    • Article, Illustration
      Lock icon Norwegian approach to pension fund management
      2693 24 Martin Skancke, director general of Norway's Ministry of Finance and head of its asset management department, talks to VIKRAM KHAN NA about how the Norway government pension fund one of the world's largest sovereign wealth funds is managed Vikram Khanna: What was the objective
      ARTHUR LEE  -  2,693 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6253 25 Transaction date: Feb 4 High Low Code Company Sale ('000) High ow Buyer Seller C'vr P/E $mil 5716 1st Software 6,? S SB" ,3 S ffi FS P E 26 7.5 1100 AEM V, ,r 195 86 1707 ASL Marine ii- I-.- ii 15 3.4 3211 Abterra 24
      6,253 words
    • Article
      Lock icon SGX XTRANET
      79 25 f»k Tel Low Code Last Sale Vol COOP) Low Last (uote Seller Div Cvr Net P/E Cap imi Hii Comi Hii Bw 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 IS S&P500 ***** ***** 6170 SPDRS
      79 words
    • Article
      Lock icon SGX CATALIST
      2050 25 52-Wk Tel High Low Code Last Sale Vol C000) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E Sinil Comi >an' Hii 30 11.5 1181 s AAGrp 415 18 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System
      2,050 words
    • Article
      Lock icon CLOB INTERNATIONAL
      210 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      210 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      29 25 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gJS !m m 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. l^^^^^B Internet: Http://www.audemarspiguet.com I
      29 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      371 26 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb1 World Index Preliminary 1047.1 1.1 -7.5 0.9 -8.3 1.1 -6.7 EAFE Preliminary 1013.5 1.6 -9.6 1.4 -9.5 1.5 -7.9 Euroi Preliminary 1396.7 2.2 -9.5
      371 words
    • Article
      Lock icon PALM OIL
      58 26 Feb4 •elivery flonth Opening Sett Av Range Price Price Hii Vol Open Done Position Low :eb 08 3250 3300 3290 3250 41 *arO8 3267 3339 3344 3262 1341 \pr 08 3280 3345 3353 3277 5848 day 08 3265 3344 3348 3265 1857 Total o/p: ***** contracts Turnover: 9762
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      Lock icon STOCK INDEX FUTURES
      22 26 Feb4 len Hii Sett STI SIMSCI Feb 379.1 382.7 377.6 Taiwan Feb closed Source: MF Global (S) Pte. Ltd
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      Lock icon US$/S$ FORWARD RATES
      20 26 Feb4 Bid Offer 1-month 1.4121 1.4134 2-months 1.4101 1.4114 3-months 1.4085 1.4099 6-months 1.4036 1.4052 Source: OCBC
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      Lock icon INTERBANK CURRENCY RATES
      156 26 Feb4 Against SS lurrencies Bid Offer Against US$ Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.2818 1.2835 0.9065 0.9070 Canadian dollar 1.4198 1.4212 1.0041 1.0043 luro 2.0971 2.0990 1.4831 1.4833 IZ dollar 1.1217 1.1240 0.7933 0.7943 iterlini md 2.7931 2.7958 1.9753 1.9757 IS
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      Lock icon SICOM FUTURES
      273 26 Feb4 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Mar 08 Apr 08 May 08 Jun 08 Jul/Sep 08 Oct/Dec 08 390.25 393.50 394.25 394.25 394.25 394.00 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open Interest
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      Lock icon FOREIGN CURRENCY NOTE RATES
      129 26 As at 9am Feb4 Singapore dollars to one unit if foreign currency: Currencies Bid Offer Uist dollar 1.2710 1.2870 .an dollar 1.4140 1.4320 iurc 2.0820 2.1060 IZ dollar 1.1110 1.1360 jterlini ind 2.7660 2.7971 )S dollar 1.4070 1.4230 .ocal dollars to 100 units if foreign currency:
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      Lock icon INTERBANK RATES
      147 26 Feb4 Offer Bid )vernight 1 1/2 -month 1 11/16 'months 1 11/16 1-months 1 11/16 Overnight mode: 1 7/16 JS$ Offer 1 3/8 1 9/16 1 9/16 1 9/16 Bid days month months months i months months 2 months ijr 3.20 3.15 3.15 3.15 3.05 3.00 2.90 Offer
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      Lock icon INTERBANK CROSS RATES
      467 26 Feb4 AS Rmb Euro HKS Ind Rs Ru Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.903 6.514 0.611 7.073 35.742 83.602 0.968 8.547 2.929 1.142 56.944 36.868 1.283 6.673 0.987 29.049 29.846 0.459 0.907 Canada 1.107 7.214 0.677 7.833
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      Lock icon PRECIOUS METALS
      134 26 Feb4 iOLD (USS/oz) Feb 01 Feb 04 Hong Kong .ondon 923.50 906.50 924.50 907.50 Jan 31 Feb 01 922.60 910.00 923.50 910.90 Source: Reuters CAST BAR (S$) FebO4 Buying Sellini Kilobar "44,520.56" ***** PAMP GOLD BARS (SS) Selling Buying gm igm Ogm !0gm iOgm OOgm oz ozUBS Kinebar™
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      Lock icon LONDON METALS
      63 26 Feb 1 lit iiuiii, yy.i (US$/tonne) Co Close Previou: :ash 2613.20 2673.5I months 2655.00 2710.01 Copper, Grade A (US$/tonne) months 7240.50 7230.00 7345.01 7350.01 .ead (US$/tonne) ]ash months 2824.50 2825.00 2813.51 2820.01 Jickel (US$/tonne) ]ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.0C months *****.00 *****.0C
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      Lock icon LIFFE
      76 26 Feb 1 COCOA (Btonne) Close Prev Hii ih/Low Mar 08 1205 1197 1208/1185 May 08 1228 1221 1230/1207 JulO8 1256 1249 1259/1235 SepO8 1240 1231 1243/1220 COFFEE (US$/tonne) Close Pev High/Low Jan 08 2101 Mar 08 2127 2098 2130/2097 May 08 2152 2123 2153/2122 JulO8 2168 2139 2168/2143 SUGAR
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      Lock icon SIBOR
      67 26 Feb4 (US$) (SS) 3.***** 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** mth mths 3.***** 1.***** mths 3.***** 1.***** 2 mths mths mths 3.***** 2.***** 2.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs 2.***** 7yrs 2.***** 10yrs
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      Lock icon GOVERNMENT SECURITIES
      88 26 Feb4 IKtASUKY bILLS Period Issue code Maturity Yesterday's Bid Day's High Low 1-Month BQ*****H 08.05.08 -Year BY*****A 29.09.08 1.45 1.50 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hie Day's igh Low !-Year N5O51OOF 2.625 i-Year N*****1E 2.500 '-Year NX*****F 3.625 0-Year NY*****F 3.750 5-Year NY*****X
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      Lock icon CHICAGO BOT
      102 26 Feb J (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Loi Mar 08 1287.25 1274.50 1298.00 1279.51 May 08 1306.25 1292.50 1316.00 1298.01 lul 08 1320.00 1307.25 1330.00 1312.01 *ug 08 1308.00 1296.00 1314.00 1303.01 5OYBEAN/OIL [60,000 lbs;Uscent/lb) Close Previous High/Lov\ Mar 08 54.12 53.72 54.72 53.9:
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      Lock icon CRUDE OIL & PRODUCTS
      76 26 CRUDE OIL PRODUCTS Feb 1 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 90.71 -0.18 WTI (Near Mth) 89.13 -2.42 Dubai (1-Mth F) 87.18 0.14 Tapis blend 97.4 0.05 Minas 95.35 0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 92.30 105.60 0.10 -0.65 US$/barrel Opec Oil
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      Lock icon SGX DERIVATIVES TRADING
      331 26 Feb4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO8 JunO8 SepO8 DecO8 96.995 97.420 97.525 97.485 0 0 0 0 ***** ***** ***** 5709 EUROYEN FUTURES MarO8 99.200 99.200 JunO8 99.375 99.375 SepO8 99.410 99.410 DecO8 99.390 99.390 MarO9 99.330 99.330 JunO9 SepO9 DecO9 99.195 99.335
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      Lock icon BONDS & WARRANTS
      2305 26 BONDS WARRANTS Pel lode Comi Last Sale +orVol Conv Exer COOP) Ratio Price Disc Gear- Mths ing Left $798 AscendasREITSGA ECW*****3 1851 AusGroup MER ECW*****8 3657 Biosensors DB ECW*****3 3704 Capjtamall Trust SGA ECW*****0 1014 Capitaland BNP ECW*****8 3879 Capitaland BNP ECW*****2 3666 Capitaland BNP ECW*****9 3762 Capitaland BNP ECW*****0
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      114 26 With over 540 Singapore CFDs, more than any Isaxol I II other online platform, you enjoy the flexibility IM.'.U ILII t% to trade according to your personal trading L^^ MM OC strategies, whether it is to go LONG or SHORT. QUODT k I I For more information on SaxoTrader: HHI
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      2340 27 m The Business Times Shipping Times UK CONTINENT SERVICE U.S.A SERVICE ™*Jj Destination Destination Swi'iiilSffiisll'r*. N HHrnnrl > STXPOTBN RTM/ANR/TIL STXPOTBN CDN/NFK/SAV/NOL -t^^^^T^P^ 5' J^^^ L--I-I. '^iii-|-i|»-i- E7/ A.Vil'i/M'i In-1- -i i-. i-1 'L--I-I. E7/ M-iI-i/.m ln-l--n-.i-i J Q^pSmiUß I*Mi MIDDLE-EAST SERVICE F.E./S.E.A SERVICE jftySl B||ijj|jji§^^^^^ Destination Destination P 8™"^™■^^^^^yP/
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      3171 28 ___^^<UJ5^^H V s^~~ /-^""~k C X> WAN HAI INTERNATIONAL PTE LTD K^Mfclfl F3 51 I fPp f"T f VTTf\ a|||| a I niirr TEL *****588 (14LINES) FAX:*****163 _li~~^B_i E9 Bfl Eal B____ _E____l -^J <J J-.(/(« Y\Y*i \WAN HAI INE_> C-KtomerService/BookingsDirertUne-(1800)*****200 fflffl WEEKLY EXPRESS SAILING SCHEDULE Y/* VA llnll llnl
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      3184 29 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • PROPERTY
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      Lock icon Prime properties in for 5% fall in '08: UBS
      643 30  -  ARTHUR SIM Bank expects modest 0-5% growth in mass and mid-tier segments ANALYSTS from Swiss bank ÜBS believe Singapore's property market will "remain intact", but they are nonetheless projecting a drop of 5 per cent in prime property prices for the
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    • Article
      Lock icon Growth in S-E Asia property market sustainable: DTZ
      384 30  -  ARTHUR SIM THE property markets of South-east Asia are expected to sustain the buoyant growth seen in 2007, says DTZ Debenham Tie Leung. DTZ said that residential markets in the region are expected to continue to grow, "driven by steady economic expansion,
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      Lock icon US economic woes, rate cuts fuelling HK property boom
      963 30 Reuters Analysts see prices revisiting the heady 1997 peak [HONG KONG] When firsttime buyer Judy Kwan heard a flat was for sale in a street she admired in Hong Kong's Wanchai district, she snapped it up within 24 hours without even
      Reuters; BLOOMBERG FILE PHOTO  -  963 words
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      76 30 BUNGALOW LAND FOR SALE Bishopsgate 17,0005f Fourth Aye 27,0005f Belmont 22,0005f Oriole Cres IO,OOOsf ClunyPark 16,0005f Camden Park 35,0005f Cornwall Garden 22,0005f Nassim 17,0005f Dalveyßoad 15,5005f Holland 16,0005f LAND FOR REDEVELOPMENT Astrid Hill 23,0005f Yarwood 16,0005f BinTong 27,4115f Cable Road 36,0005f BtTunggal 17,0005f Chancery Lane 27,0005f Gallop Park 15,0005f ClunyPark
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      99 30 I~HRHIIIIIIIIIIH^9 PRIME GOOD CLASS BUNGALOW LAND IN DISTRICT 10 o a ll' Freehold, land area:45,894 sq ft 5 a Large plot rarely available SU citcCT \i£ S Secluded and private,yet a stone's throw from vibrant Holland Village b foro JT 0 Possible to subdivide into 3 plots 4f Close proximity
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