The Business Times, 17 December 2008

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Microfilm: NL29606
Total Pages: 37
1 37 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Wednesday, December 17,2008
    20 words
  • Article
    Lock icon Sitting pretty on cash mines
    855 1  -  CHEW XIANG Valuation of a clutch of companies has gone below NAY, but they aren't easy pickings for asset strippers By( [SINGAPORE] Over 100 listed companies are trading at discounts to their cash holdings, according to data compiled by shareinvestor.com, a financial portal. Most of
    855 words
  • Article
    Lock icon CPF-cuts muscle their way back to NWC agenda
    699 1  -  ARTHUR SIM Economists believe move is likely though some say it may add to pain By [SINGAPORE] The National Wages Council will reconvene in early January, about four months ahead of schedule, with cuts in employers' contribution to members' Central Provident Fund
    699 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      45 1 KLCOMP 854.80 +8.33 NIKKEI 225 8,568.02 -96.64 HANG SENG 15,130.21 +83.26 SET INDEX 445.31 +8.25 JAKARTA COMP 1,342.84 -16.44 MANILA COMP 1,889.32 -23.94 SEOUL COMP 1,161.56 +3.37 SHENZHEN B 279.23 +4.37 MUMBAI IND 9,976.98 +144.59 11AM EST Change DOW 8,653.34 +88.81 NASDAQ 1,538.35 +30.01
      45 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONG KONG 5.00 INDONESIA 16.710 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 2.00 US 4.00 CANADA 3.50 SWITZERLAND 2.04 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      47 1 US$ (S$ per US$) 1.476 (US$/S$ per 1.528 2.254 EURO (US$/S$/E) 1.369 2.020 Foreign currency per US$ S$ YEN 90.30 61.20 RM 3.554 2.408 HK$ 7.750 5.252 BAHT 34.77 23.56 RUPIAH 11,075 7,505 RENMINBI 6.846 4.640 INDIAN RUPEE 47.83 32.41 A$ 1.493 1.012 NZ$ 1.792 1.215
      47 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      80 1 PREMIUM LEADERS **j4 PROPERTY EXECUTIVE MONEY ART OF WAR I —I —I An old-fashioned start Auction market seen Swiss banks buck trend, Zap for Sun Tzu's strategies! §£M9M that lasts -^Hm>A perking up next year post strong inflows Win an Epson wireless PAGE 13 Jk IJ JS PAGE 4 PAGE
      80 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon China must invent things, reinvent itself
      731 2  -  LEE U-WEN MM Lee says Asian giant should look at doing a few things differently By [SINGAPORE] If China wants to keep its manufacturing sector alive and well, it has to embrace innovation, technology and skills-upgrading for its workers. This was Minister Mentor Lee
      LAU FOOK KONG/THE STRAITS TIMES  -  731 words
    • Article
      Lock icon $2b in govt funding for SMEs runs into hurdles
      454 2  -  CHEW XIANG Banks reluctant to lend despite govt schemes: companies By [SINGAPORE] Over $2 billion in government funding support for local companies hasn't managed to clear the credit clog, said participants at a seminar yesterday organised by the Singapore Manufacturers' Federation.
      454 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Select band sits pretty on cash mines
        89 2 OVER 100 listed companies are trading at discounts to their cash holdings, according to data compiled by shareinvestor.com, a financial portal. Most of these companies are also valued below their net asset value, which means there's a lot left over to pocket once
        89 words
      • Article
        Lock icon CPF cuts muscle way back to NWC agenda
        58 2 THE National Wages Council will reconvene in early January, about four months ahead of schedule, with cuts in employers' contribution to members' Central Provident Fund likely to be on the agenda. While CPF cuts are not a dead certainty, economists that BT
        58 words
      • Article
        Lock icon $2b in govt funding for SMEs runs into hurdles
        78 2 OVER $2 billion in government funding support for local companies hasn't managed to clear the credit clog, said participants at a seminar yesterday organised by the Singapore Manufacturers' Federation. Participants mostly from small and medium-sized companies and from the manufacturers' federation
        78 words
      • Article
        Lock icon Quiet auction market seen perking up next year
        69 2 THE Singapore property auction market was less active this year but things are expected to hot up in 2009 as more owners struggle to hang on to their properties. Knight Frank figures show that the total number of properties put up for
        69 words
      • Article
        Lock icon Keppel unit ends heavy lifter project
        71 2 KEPPEL Verolme's saga with the MPU Heavy Lifter project ended yesterday with the Netherlands unit of Keppel Corporation deciding to terminate the job and scrap the hull. The group had said in July that its Dutch yard had stopped work on the 140 million
        71 words
      • Article
        Lock icon Tech stocks may fall prey to takeovers
        81 2 AS the weak equity market lowers company valuations, consolidation or privatisation in the technology sector could start to materialise, says DBS Vickers. Lower company valuations would be a boon to strategic investors since deals would be cheaper and shareholders would also be more
        81 words
      • Article
        Lock icon Asean members ink deals to boost trade
        51 2 ASEAN member states yesterday signed three economic agreements to boost trade in goods and services and also increase investment. Analysts said that the trade agreements could be a welcome bulwark against increased national protectionism, but would not fix current problems. SINGAPORE NEWS, PAGE
        51 words
      • Article
        Lock icon India exporters cut 65,500 jobs as crisis hits
        38 2 INDIAN exporters have cut about 65,500 jobs as recession in the US and Europe, the nation's biggest markets, dampened overseas demand for products, a government survey shows. INDIA, PAGE 16
        38 words
    • Article
      Lock icon Consumer prices dive, new home building slumps
      315 2 Reuters, AP LATEST US DATA [WASHINGTON] US consumer prices plummeted again during November and construction starts on new homes slumped to a record low as the reces-sion-hit economy lost momentum, government reports showed yesterday. The latest signs of economic distress came hours before
      Reuters, AP  -  315 words
    • Article, Illustration
      Lock icon Goldman crashes into first loss since going public
      565 4 Reuters, Bloomberg Investors seem relieved that the red ink was not worse [NEW YORK] Goldman Sachs Group has reported its first quarterly loss since going public nine years ago as plunging values of stocks, debt and real estate caught up with a
      – Reuters, Bloomberg; BLOOMBERG  -  565 words
    • Article, Illustration
      Lock icon Quiet auction market seen perking up next year
      810 4  -  KALPANA RASHIWALA Consultants expect spike in mortgagee sales as downturn takes its toll By [SINGAPORE] The property auction market was less active this year but things are expected to hot up in 2009 as more owners struggle to hang on to their
      810 words
    • Article, Illustration
      Lock icon Anti-depressants rule – in world according to Zonis
      733 4  - Anti-depressants rule in world according to Zonis ANNA TEO Humiliation, anxiety and mistrust aplenty from crisis By [SINGAPORE] So what else will be going up next year besides unemployment? Sales of anti-anxiety and anti-depressant medication, for sure, says political economist Marvin Zonis, declaring that it will be "the great year"
      REUTERS, AP  -  733 words
  • Page 2 Advertisements
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      292 4 V*^L k A-^V^T^T/^-T' r> Toll free: 1800-289-8822 w |\l II rt Email: notices@sph.com.sg _L^l V^>/ A I y j I i i www.cats.com.sg STAR STAR PHARMACEUTICAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0429W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Keppel unit ends heavy lifter project
      507 5  -  VINCENT WEE Keppel Verolme to scrap the concrete hull next month at its Dutch yard By KEPPEL Verolme's saga with the MPU Heavy Lifter project ended yesterday with the Netherlands unit of Keppel Corporation deciding to terminate the job and scrap the hull. Keppel
      FILE PHOTO  -  507 words
    • Article
      Lock icon Funding is crucial for biotech group Transcu
      625 5  -  JAMIE LEE THE market has dealt a bitter pill to Japan's biotech group Transcu which puts its listing status in peril. But the bigger concern is not that of losing its listing status it's that of cash burnout, market watchers noted. The company
      625 words
    • Article
      Lock icon Poor sentiment causing placement delay: Transcu
      248 5  -  EMILYN YAP By POOR market sentiment is slowing Transcu Group's compliance placement exercise and trading in the counter will stay suspended until the placement is complete, said the company yesterday. Shares of the Japanese biotech group, which under- went a reverse takeover (RTO) deal
      248 words
    • Article
      Lock icon Tech stocks may fall prey to takeovers
      339 8  -  EMILYN YAP Share price falls seen opening doors for acquisition, privatisation deals By CREATIVE Technology as a prime privatisation target? As the weak equity market lowers company valuations, consolidation or privatisation in the technology sector could start to materialise, says DBS Vickers. In
      339 words
    • Article, Illustration
      Lock icon SingTel appoints V-P as new consumer unit chief
      288 8  -  WINSTON CHAI Move comes within week of Quek Peck Leng's resignation By SINGAPORE Telecommunications has appointed a successor to outgoing consumer head Quek Peck Leng within a week of his surprise resignation. Yuen Kuan Moon, currently the vice-president of regional operations for
      288 words
    • Article
      Lock icon E3 in row with landlord, major owner over rent
      371 8  -  CHEW XIANG By CATALIST-listed E3 Holdings was locked out of its offices in Übi Avenue 4 yesterday after a dispute with its landlord and major shareholder over rent. The police were called at 9.15 am to its premises at Armorcoat Technologies
      371 words
    • Article
      Lock icon Broadway shares take the hit for a second day
      346 8  -  LYNETTE KHOO By BROADWAY Industrial Group shares took another severe beating yesterday in what dealers speculated could be forced selling of shares held by a senior executive to meet margin calls. The usually illiquid stock plunged 14 cents, or 38.9 per
      346 words
    • Article
      Lock icon Barclays expects Asian stocks to stabilise in Q1
      436 9  -  JAMIE LEE MARKET VIEWS Profit downgrades have been priced in, but strong recovery unlikely By ASIAN equity markets are expected to stabilise in the first quarter of 2009 as most earnings downgrades have been priced in, said a senior analyst at Barclays
      436 words
    • Article
      Lock icon Asian emerging markets a better bet
      496 9  -  LYNETTE KHOO By ASIAN emerging markets look best protected given their better fiscal positions, stronger corporate balance sheets and more effective government policies, said Citi economist Don Hanna. If one should invest in Asian equities, one should consider those that have open economies, such
      496 words
    • Article
      Lock icon PCCW investors urged to reject HK$14.9b buyout
      471 9 Bloomberg [HONG KONG] Shareholders of PCCW Ltd should reject a HK$l4.9 billion (Ss2.B billion) buyout offer led by chairman Richard Li because it's too low, the world's two biggest proxy advisory firms said. "We are not convinced that the financial terms of the
      Bloomberg  -  471 words
    • COMPANY BRIEFS
      • Article
        Lock icon United Envirotech wins 72m yuan job
        130 9 UNITED Envirotech Ltd (UEL) has been awarded a 72 million yuan (5515.5 million) contract to modify, build and operate a 15,000 cubic metre per day membrane-based industrial wastewater treatment facility in Dafeng City, Jiangsu province, China. The BOT project has a concessionary period of
        130 words
      • Article
        Lock icon Sun East to sell Sunlife to Elite Town
        114 9 SUN East Group has agreed to transfer the entire issued and paid up share capital of Sunlife Holdings Ltd (SHL) to Elite Town Group, a company incorporated in the British Virgin Islands. Elite will pay HK$lO million (Ssl.9 million) in cash in
        114 words
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      Lock icon Page 5 Advertisements Column 1
      122 5 If it was hard to resist before, now it's very compelling. The E-Class brake system with perforated front discs. You will be thrilled by Special Edition AVANTGARDE now comes with an impressive exterior the speed-sensitive power steering, and the sporty suspension Sports Package. You will be drawn at once to
      122 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon US$ slide threatens to get a lot uglier
      944 6  -  LARRY WEE CURRENCIES It's now falling with Wall St, and the euro could emerge as top dog AHEAD of another expected US interest rate cut this week, the US dollar has unusually fallen in sync with Wall Street, in what could be
      944 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      94 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 1 6 0 0 0 6 1 6 lanufacturing 37 46 52 41 49 60 Commerce 20 14 17 20 17 20 'pt/Stor/Comms 15 15 10 :inance 12 12 12 12 Construction 12 14 'roperties
      94 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      103 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 14,562 14,562 42,810 42,810 lanufacturing 195,832 17,216 213,048 98,391 779 99,170 Commerce 31,948 6,824 38,772 40,203 1,123 41,325 ■pt/Stor/Comms 73,312 60 73,372 119,016 12 119,028 :inance 35,194 35,194 163,513 163,513 Construction 10,728 1,651 12,379 900 18 918 ■roperties 46,075
      103 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 6 lapitaLand 2.760 -0.090 lapitaMall 1.620 +0.010 jtyDev 6.170 +0.030 losco Corp 1.040 -0.050 IBSGrp 9.960 -0.140 :&N 2.820 -0.030 Sent Intl 0.475 +0.025 iolden Agri 0.235 +0.010 IK Land 2.490 -0.110 IMH 17.200 +0.600 ISH 9.080 +0.130 lardineC&C 10.040 +0.240 leppel Corp 4.410 +0.060 leppel Land
      105 words
    • Article
      Lock icon BROKERS' TAKE
      766 6  -  LYNETTE KHOO Tat Hong Holdings Dec 16 close: $0.61 OCBC INVESTMENT RESEARCH, Dec 15 GLOBAL macroeconomic challenges will persist in 2009 and few will escape unscathed. The World Bank has projected that global economic growth will slump to just 0.9 per cent in 2009 from 2.5 per cent
      766 words
    • Article, Illustration
      Lock icon Holiday mode kicks into gear in full force
      543 6 STOCKS THE local stock market appears to have slipped fully into holiday mode, which is simply a different way of saying that dealers were probably better off playing Scrabble or updating their Facebook accounts yesterday, judging by the activity or lack thereof.
      543 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      56 6 CLOSE IT OB/OS 319.00+67.0C IT CADI -*****.00 -7.0i IT 10-day MA -*****.00 +32.0i TSE ST Mid Cap 352.52 +1.8' TSE ST Small Cap 292.95 -0.9 TSE ST All Share 425.09 +1.6 TSE ST China Top 189.08 +0.0 TSE ST China 190.28 -0.4I IOB Catalist 76.47 +0.7 iMSCI
      56 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 6 VOLUME Golden Agri 53,525,000 China Honqxinq 48,169,000 Gent Intl 33,836,000 Cosco Corp 22,301,000 Sing Tel 19,472,000 AusGroup 19,116,000 S Reinsurance 14,812,000 Straits Asia 13,163,000 Noble Grp 12,961,000 Biosensors 12,533,000 VALUE(S) DBS Grp 79,833,440 Sing Tel 51,628,940 UOB 36,230,717 Keppel Corp 26,492,470 Capita Land 25,390,950 SGX 25,098,660 Cosco
      61 words
    • Article
      Lock icon RISES
      105 6 CLOSE UP 1072 135.0 14.4 ;txpo ioo IMH 1720 88.5 3.6 ICBC Bk5.1%NCPS 100 8950 60.0 0.7 I A 1140 34.0 3.1 LD 10US 8202 26.6 0.2 lardine C&C 1004 24.0 2.4 iBS Bk6% NCPS 10 9350 20.0 0.2 ISH 908 19.2 1.5 •ain irm 410 17.7 3.0 I
      105 words
    • Article
      Lock icon FALLS
      108 6 CLOSE DOWN ICBC Bk4.5%NCPS 100 8000-50.0 -0.6 :iMBAsean40 100US$ 497 -19.2 -2.5 IK Land 249 -16.2 -4.2 iroadwa' 22 -14.0 -38. iBS Gr| 996 -14.0 -1.. .and 276 -9.0 -3.2 ICBCCai 5.1%NCPS 100 8542 -8.0 -0.1 "IH 103 -8.0 -7.2 iBS MBL iCW*****3 54 -6.0 -10.0 ■an Teh 29
      108 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      86 6 Dec 16 CLOSE CHNG FR Dec 15 YR2008 S$ LOW S$ HIGH USS 1.4765 0.16 1.5346 1.3457 Euro 2.0212 -1.48 2.2064 1.8640 Pounds 2.2564 -1.82 2.8431 2.2111 AS 0.9884 -0.47 1.3251 0.9068 Yen* 1.6355 -0.12 1.6899 1.2619 Rupiah* 0.***** -0.07 0.***** 0.***** Baht* 4.2453 -0.16 4.4299
      86 words
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  • Page 8 Advertisements
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      85 8 \\v \\i- [I N\ >w To Our Brokers and Customers... All of us at AIG General Insurance want to thank you for your continued support during the last few weeks. It means a lot to us. We value our relationship with you highly and we look forward to serving you
      85 words
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      182 9 Your tomorrow E| wm starts here today IAA Today, Business Is: AnSUflnQ fln[tn£ S^gMTCtg, securing Easiness continuity). iJ;% jjijif 1 W Internet Clean Pipe: j»- the DDoS Protection Service that ensures enhanced business continuity by detecting and ,^^L^L, V IW cleaning out threats from your iW&fgjk*^ t Internet pipe: f
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  • SINGAPORE NEWS
    • Article
      Lock icon Asean members ink deals to boost trade
      383 10  -  UMA SHANKARI The 3 pacts set out rules on trade, investments and services in region By ASEAN member states yesterday signed three economic agreements to boost trade in goods and services and also increase investment. The agreements are seen as essential for Asean
      383 words
    • Article, Illustration
      Lock icon Growth may be below 2.5% in '08: Hng Kiang
      223 10 Bloomberg SINGAPORE'S economic growth this year may miss the government's forecast as the global economy worsens amid a credit crisis, Trade Minister Lim Hng Kiang said. "The economy is very volatile and very vulnerable to global conditions," Mr Lim told reporters
      Bloomberg; FILE PHOTO  -  223 words
    • Article
      Lock icon Managing tax risk – long way to go for many firms
      370 10  - Managing tax risk long way to go for many firms LYNETTE KHOO By WHILE companies are increasingly aware of the need to improve their tax function as part of their risk management, managing tax risk is still found wanting, especially among smaller companies, according to a global survey by Ernst
      370 words
    • Article
      Lock icon Local manufacturers urged to leverage on China-S'pore FTA
      251 10  -  NOOR AISHA By LOCAL manufacturers are encouraged to take advantage of the China-Singa-pore Free Trade Agreement (CSFTA) in these uncertain times. Last year, Singapore's bilateral trade with China grew by about 7 per cent, hitting $91.6 billion the highest ever. The CSFTA
      251 words
    • Article, Illustration
      Lock icon Credit Suisse in Asia for the long haul
      620 11  -  CONRAD TAN Its SE Asia private banking head says it will continue to expand in the region By UNDETERRED by the ongoing financial crisis, Credit Suisse will continue to expand its private banking business in Asia. For the bank, the move is
      FILE PHOTO  -  620 words
    • Article
      Lock icon Unemployment rate could hit 5% in Q2 2009: Barclays
      390 11  -  JAMIE LEE By UNEMPLOYMENT could hit 5 per cent in the second quarter of next year, said Barclays Capital economist Leong Wai Ho yesterday. This could surpass the record of some 30,000 jobs that were lost about 10 years ago, he
      390 words
    • Article
      Lock icon Boon Swan Foo to chair D-SIMLAB board
      228 11 D-SIMLAB Technologies, a former incubatee of Exploit Technologies, yesterday said it appointed Boon Swan Foo as chairman of its board. Mr Boon is currently also executive chairman of Exploit Technologies, the marketing and commercialisation arm of the Agency for Science, Technology and Research
      228 words
    • Article
      Lock icon No major impact from tsunamis: NEA study
      187 11  -  NOOR AISHA By THE National Environment Agency (NEA) has confirmed that there is a low probability of Singapore being affected by a tsunami, following a two-year study since August 2006. The study considered two sources which might trigger tsunami that could affect Singapore:
      187 words
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      118 10 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 Personalized vision has never looked so good. The Digitally Customized Progressive Lens The Digitally Customized Progressive lens from Polycore allows you to regain your natural vision of
      118 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Thailand may be in for harder time than 1997-8
      610 12 Reuters Political context could hamper new government in tackling problems [BANGKOK] Thailand faces bigger economic problems than during the 1997-98 Asian crisis and the difficult political context may hamper the new government's ability to tackle them, a leading candidate to be
      – Reuters; REUTERS  -  610 words
    • Article
      Lock icon BOJ says economy in severe condition, to take action
      491 12 Reuters [TOKYO] Bank of Japan governor Masaaki Shirakawa said that conditions are severe for Japan's economy and monetary conditions are rapidly tightening, in his bleakest comments yet on Japan's deepening recession. Speaking just two days before Japan's central bank meets to
      – Reuters  -  491 words
    • Article
      Lock icon US lawmakers work on US$600b plan
      421 12 AP, Bloomberg Stimulus to include USs2oob tax cuts, infrastructure works [WASHINGTON] Nancy Pelosi, speaker of the US House of Representatives, said on Monday that congressional Democrats are preparing an economic recovery bill in the range of US$6OO billion, which will blend immediate steps to
      AP, Bloomberg  -  421 words
    • Article
      Lock icon Seoul shoots for 3% growth next year
      456 12 Reuters [SEOUL] South Korea vowed yesterday to achieve economic growth of around 3 per cent next year by expanding fiscal spending. The Ministry of Strategy and Finance set its first official economic growth target for 2009 at around 3 per cent, above the
      Reuters  -  456 words
  • Page 12 Advertisements
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      133 12 Discover medical excellence and retail therapy under one roof Paragon Medical houses over 60 world-class specialists who are delighted to serve you with utmost attention, delivering standards that can only be exceeded by their medical precision. Experience medical exclusivity at its best, a perfect complement to unrivalled shopping enjoyment at
      133 words
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      155 12 aH EPSON EXCEED YOUR VISION for daily Sun Tzu's Art of War quotes Brought to you by EPSON Find out how Sun Tzu's strategic principles can be applied in modern day business and human relationship. Sun Tzu's Art of War reveals secrets for success. Win a wireless projector worth $2,588!
      155 words
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  • PREMIUM LEADERS
    • Article, Illustration
      Lock icon An old-fashioned start that lasts
      1175 13 Most people now enter the insurance industry after university but Lee Vanderson's start at age 16 has given him a real-life learning process, he tells TEH SHI NING AT THE beginning of this year, Lee Vanderson, chief underwriter and principal of Ascot Underwriting Asia, a
      1,175 words
    • Article, Illustration
      Lock icon Oveseas stints a key draw for interns
      318 13 GENERAL insurance is a rapidly growing global industry which in Singapore alone generated $2.45 billion worth of business in 2007, according to the General Insurance Association of Singapore (GIA). But to the uninitiated, it is still a vaguely understood grouping of niche business
      318 words
    • Article, Illustration
      Lock icon GIP intern lands jobs with QBE
      730 13  -  TEH SHI NING By FRESH out of Nanyang Business School and barely a month after her final examinations, Li Xue, 23, has already hit the ground running with her first full-time job as an actuarial executive with QBE Insurance (International). It is unsurprising that
      730 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M'sia's anti-graft body faces daunting task
      527 14 Reuters Money politics is too deeply ingrained, says anti-corruption campaigner [KUALA LUMPUR] Malaysia is setting up a new anticorruption body to fight worsening graft, but it faces a daunting task in challenging a deeply embedded culture of "money politics", a leading anti-graft campaigner said.
      Reuters  -  527 words
    • Article, Illustration
      Lock icon Jakarta clears new mining law
      329 14 -AFP [JAKARTA] Indonesia's Parliament passed a long-awaited mining law yesterday that is designed to boost government revenues and remove obstacles to foreign investment. The law was passed at a plenary session after more than three years of deliberations by a special committee tasked with overhauling
      -AFP; REUTERS  -  329 words
    • Article
      Lock icon Gamuda expects first profit fall in 2 yrs
      412 14 Bloomberg Mid-East sales won't offset project delays in Malaysia, Vietnam [KUALA LUMPUR] Gamuda Bhd, Malaysia's secondbiggest builder by market value, said its fiscal first-quarter profit may fall for the first time in more than two years because of delays to projects in
      Bloomberg  -  412 words
    • Article
      Lock icon Malaysian stocks could slide 17% next year: Citi
      298 14 -Reuters [KUALA LUMPUR] Malaysian equities, one of Asia's top performers, could fall a further 17 per cent in 2009 due to sliding economic growth, and earnings of plantations and banks are at high risk, Citigroup said in a note. Malaysia's benchmark share
      -Reuters  -  298 words
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      2055 14 W*S7 rTK^TT/n^r Toll free: 1800-289-8822 If Email: notices@sph.com.sg JL^I V^^r JL I V.y 1 www.cats.com.sg IN THE MATTER OF IN THE MATTER OF THE COMPANIES II THE COMPANIES ACT, CAP. 50 ACT, CAP. 50 AND IN THE MATTER OF AND —f J, ALCONIX (SINGAPORE) PTE. LTD. IN THE MATTER OF
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      597 14 A SATS NOTICES IN THE MATTER OF THE TheCo m ™ntaZcap.so COMPANIESACT, CAP. 50 IntheiSafterof IN THE MATTER OF ATOMISTIX ASIA PACIFIC PTE. LTD. »W TRUST MANAGEMENT |C0.Reg.N0.*****8085Z) PTE. LTD. (In Creditors' Voluntary Liquidation] (IN MEMBERS' VOLUNTARY ExtractoftheminutesattheExtraordinary o^S^Symror' General Meeting of members of Ihe CO. REG. NO. *****5572G company
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  • GREATER CHINA
    • Article
      Lock icon China's capital spending slows in November
      597 15 Reuters Darkening outlook prompts some economists to cut growth forecasts [BEIJING] China's capital spending slowed in November, rounding out a weak batch of monthly data that has pointed to an abrupt slowdown in the world's fourth-biggest economy and a challenging policy task in the
      Reuters  -  597 words
    • Article
      Lock icon Quarter of Chinese graduates will have trouble landing a job
      393 15 Reuters [BEIJING] Unemployment, especially among college students and migrant workers, will drag on China's economic growth next year even as the nation struggles with the global financial crisis, a policy think tank said on Monday. A quarter of China's 6.1
      Reuters  -  393 words
    • Article
      Lock icon 2008 trade surplus to top US$280b
      175 15 Reuters [BEIJING] China's trade surplus will exceed US$2BO billion for all of 2008, setting a new annual record, the National Development and Reform Commission said yesterday. The full-year trade surplus would exceed last year's record of U*****.2 billion. It would also imply a December
      Reuters  -  175 words
    • Article, Illustration
      Lock icon Beijing loses WTO appeal over car parts
      315 15 Reuters [GENEVA] China has lost an appeal at the World Trade Organization (WTO) in a dispute over the duties it levies on car parts, WTO documents showed on Monday. The WTO's top court, the Appellate Body, said it had upheld the original rulings
      Reuters; BLOOMBERG  -  315 words
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      156 15 THE POWER TO CHANGE THE WORLD BEGINS AT 339 HP. INTRODUCING THE WORLD'S FIRST PERFORMANCE HYBRID SEDAN. THE ALL NEW GS HYBRID. J 'I 31 31 SI 1 II Br IP^ 31 fc HI y V^B B^-Jjs^^^^^^ J i 3 1 -ji«- U^kL^^^^Sß 1 t' [\yTHffffff Lexus j REVOLUTIONARY HYBRID
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  • INDIA
    • Article
      Lock icon Revamps will form chunk of India M&A
      175 16 Reuters [MUMBAI] Citigroup sees the restructuring of struggling firms and inbound acquisitions leading Indian M&A deals in 2009 as slowing growth and tight credit temper overseas ambitions, a senior official said. Restructuring opportunities would include the sale of stakes or non-core operations and
      – Reuters  -  175 words
    • Article, Illustration
      Lock icon India exporters cut 65,500 jobs as crisis hits
      426 16 Bloomberg Oct exports fall for Ist time in 7 years, factory output declines 0.4% [NEW DELHI] Indian exporters have cut about 65,500 jobs as recession in the US and Europe, the nation's biggest markets, dampened overseas demand for products. A sample survey
      Bloomberg; AFP  -  426 words
    • Article
      Lock icon Cheaper naphtha hits purchases of LNG
      576 16 -Reuters [SINGAPORE] Indian buyers have brought Asia's al-ready-slow spot market for liquefied natural gas (LNG) to a virtual halt as they switch to naphtha, an alternative fuel that has tumbled in price in line with oil. And with India's own gas supply set to
      -Reuters  -  576 words
  • Page 16 Advertisements
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      264 16 LUAUKY S. DINil AND HCSi--:TALI-A TREASURE TROVE OF MERRIMENT FeastovT™rfer lections in g^-t Festive Set Lunch Menu from $29++ Rouse the spirit or Noel and wheel in the New Year with savoury leasts at modern bistro grill 111 at i_laymore, n f 1f .1 i 11. Christmas Eve 6 course
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Siemens fined over bribes, slush funds
      578 17 Former staff under probe, could result in criminal charges against individuals [WASHINGTON] Siemens, the German engineering giant, agreed on Monday to pay more than US$l.3 billion to American and European authorities to settle charges that it routinely used bribes and slush funds to secure
      AFP  -  578 words
    • Article, Illustration
      Lock icon HSBC may seek to raise US$14b: analysts
      382 17 Bloomberg [HONG KONG] HSBC Holdings pic, Europe's biggest bank, may seek to raise about US$l4 billion as increasing bad-loan provisions erode profit, CLSA Asia-Pacific Markets said. The bank may raise funds through a share placement or a rights offering, CLSA analysts led by
      Bloomberg; AFP  -  382 words
    • Article
      Lock icon MGM to sell Treasure Island
      394 17 Bloomberg [LOS ANGELES] MGM Mirage, the casino company majority owned by Kirk Kerkorian, agreed to sell Treasure Island Hotel Casino to real-estate investor Phil Ruffin for US$775 million, sending the shares and bonds higher. Ruffin Acquisition LLC will pay US$5OO million in cash and US$275
      Bloomberg  -  394 words
    • Article
      Lock icon 'Light' cigarettes suits may be allowed in US
      221 17 -NYT [WASHINGTON] Tobacco companies that marketed "light" cigarettes may be sued for fraud, the Supreme Court ruled on Monday in a 5-4 decision that will bolster dozens of lawsuits around the country claiming billions of US dollars in damages. The case was
      -NYT  -  221 words
  • Page 17 Advertisements
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      141 17 LUAUKY rag SIS SB S3 SG3 H Iwj/awJ Ifi w A MAGICAL MERITUS CHRISTMAS Whether you choose to soak up the festive atmosphere at Marina Bay or Orchard Road, celebrate this Christmas in style and splendour as you take your pick from our selection of Yuletide goodies and promotions! ESIa
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  • Page 18 Advertisements
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      79 18 V" DAI KIN t^^f ANON I B <S^ «v Years Young Customers like you are the icing on the cake 3 Daikir j==^Daikin Singapore turns 40 and we'd like to thank all our customers for their wonderful support over the years. It may be our birthday, but you definitely take
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  • WORLD
    • Article, Illustration
      Lock icon Hedge funds face spectre of lawsuits
      902 19  -  NEIL BEHRMANN Fallout from Madoff affair may go beyond just redemptions By [LONDON] The Madoff fraud is expected to bring in its wake investor lawsuits against hedge fund firms, asset managers and banks, and a further wave of withdrawals and distress selling. Investors have
      AFP  -  902 words
    • Article
      Lock icon When the 'protector' turns predator
      427 19 -AP [WASHINGTON] The money manager accused of duping investors in one of Wall Street's biggest pyramid schemes once boasted to the federal Securities and Exchange Commission about how much money he earned and formally advised the US government on ways to protect investors from scam
      -AP  -  427 words
    • Article, Illustration
      Lock icon Major energy projects canned as oil prices collapse
      576 19 NYT [NEW YORK] From the plains of North Dakota to the deep waters of Brazil, dozens of major oil and gas projects have been suspended or cancelled in recent weeks as companies scramble to adjust to the collapse in energy markets. In
      NYT; AP  -  576 words
    • Article
      Lock icon AIG sells mortgage-backed securities to Fed vehicle
      316 19 Bloomberg [NEW YORK] American International Group Inc (AIG) sold residential mort-gage-backed securities with a face value of U5539.3 billion to a govern-ment-funded facility as the United States seeks to limit losses at companies that did business with the insurer. AIG will receive about
      Bloomberg  -  316 words
    • Article
      Lock icon Opec likely to announce output cut
      410 19 Reuters [LONDON] Opec oil producers are likely to announce their biggest-ever supply cut this week in a bold attempt to stem a collapse in oil prices, a Reuters poll suggested yesterday. All 14 banks, companies and research groups surveyed on Monday thought the Organization
      – Reuters  -  410 words
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  • TransportHUB
    • Article, Illustration
      Lock icon Downturn spells opportunities
      734 20 Dnß NOR Bank's main focus next year will be on helping companies to maintain liquidity and on restructuring, reports VINCENT WEE SMART bankers can make money in all kinds of conditions. For shipping-focused lender Dnß NOR Bank Singapore Branch's regional director, head of Asia and general manager
      BLOOMBERG  -  734 words
    • Article, Illustration
      Lock icon China Cosco dives 5.2% on futures losses
      662 20 Bloomberg Wrong-way bets on freight rates could cause 3.9b yuan loss [SHANGHAI] China Cosco Holdings Co, the world's largest operator of dry-bulk ships, fell to the lowest in two weeks in Shanghai trading yesterday after saying it may lose 3.95 billion yuan (SsBs3
      Bloomberg; BLOOMBERG  -  662 words
    • Article
      Lock icon US ports push projects for future
      536 20 LAT-WP [LOS ANGELES] Union dockworkers are finding there isn't enough work to go around. Big cargo ships are joining the ranks of the unemployed. And yet, the people who run the nation's two largest container ports are convinced that now is the time to
      LAT-WP  -  536 words
    • Article
      Lock icon Philippine ferry death toll rises to 27
      277 20 -AP [MANILA] Rescue teams battled strong waves and winds yesterday to search for 28 passengers missing after their small overcrowded ferry overturned in rough seas in the northeastern Philippines, officials said. Four more bodies three girls and a boy were retrieved near the
      -AP |  -  277 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 20 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd..^ Ezra Hldgs First Ship Lease Freight Links Grand Banks lava Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.26 0.19 1.04 ....unch 0.73 0.50
        107 words
      • Article
        Lock icon KLSE
        37 20 '000 )ec Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brief PDZ Holdings 0.56 8.50 8.35 2.33 2.32 0.06 unch 0.03 unch 0.15 0.03 0.01 0.01 unch 2; 16: 721 6i: 41 16i
        37 words
      • Article
        Lock icon BANGKOK
        12 20 '00 ■recious Ship Jegional Cont 12.10 6.35 1.00 0.35 859! 381;
        12 words
      • Article
        Lock icon HONGKONG
        11 20 '000 Doil lingamas Cont .16.36 ...0.55 -0.34 -0.01 981 231;
        11 words
      • Article
        Lock icon PHILIPPINES
        17 20 '000 Aboitiz Equity Intl Container Keppel Marine 5.90 14.50 2.12 0.30 -0.25 0.12 20; 27! 21
        17 words
      • Article
        Lock icon TAIPEI
        19 20 Evergreen Marine ....16.05 :irststeamship 33.00 /Van Hai Lines 15.15 fang Ming Marine...10.80 -0.05 -0.70 -0.55 -0.30 1 2
        19 words
      • Article
        Lock icon TOKYO
        40 20 '000 )ec 'en (awasaki Hvylnd ..185.00 -2.00 ***** (awasaki Kisen 410.00 -4.00 9388 Mitsubishi Hvy 394.00 -11.00 ***** i/litsui Eng&Sbldg...146.00 6.00 ***** 1/litsuiOsk Lines ...601.00 -4.00 ***** Jippon Express 372.00 -4.00 5213 JipponYusen 546.00 -1.00 ***** 'iource: Thomson Reuters
        40 words
    • TRANSPORT HUB: SHIPPING
      • Article, Illustration
        Lock icon Getting the priorities right
        1243 21  -  DAVID HUGHES STRAIT TALK International criticism of South Korea's Hebei Spirit court ruling won't get the master and chief mate freed By FIRST went to sea in the thick end of 40 years ago and I have been a shipping journalist for nearly 20 years. In
        BLOOMBERG FILE PHOTO  -  1,243 words
      • Article
        Lock icon Grain shipping costs seen bottoming
        395 21 Reuters Main Baltic index rises 20%, observers doubt rally on cards [CHICAGO] Shipping costs to move grain around the world remain near record lows, but a key market index rising 20 per cent may indicate that ocean freight is poised to rebound and curtail the
        Reuters  -  395 words
      • Article
        Lock icon Alinghi to unveil list this week
        349 21 AFP [MADRID] America's Cup champion Alinghi will only publish the list of challengers who have signed up for the next edition of the sailing competition on Thursday, a spokeswoman said. The Swiss team said last Friday that a "record" 19 challengers a number which
        AFP  -  349 words
      • Article, Illustration
        Lock icon Somali pirates take it to the limit
        1068 21 ■NYT [ON THE ARABIAN SEA] REAR Adm Giovanni Gumiero is going on a pirate hunt. From the deck of an Italian destroyer cruising the pirate-infested waters off Somalia's coast, he has all the modern tools at his fingertips radar, sonar, infrared cameras, helicopters,
        ■NYT; AP  -  1,068 words
    • MPA MARITIME ROUNDTABLE
      • Article, Illustration
        Lock icon Keeping the supply chain secure
        3228 22 Risk management may be the most efficient way of balancing the needs of security and commercial efficiency OVERVIEW WITH Singapore as a major hub port, being the world's busiest port in terms of vessel arrivals, the world's largest transshipment hub and busiest bunkering port, as
        3,228 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Najib nudges hopes for MAS, Qantas tie-up
        531 23  -  PAULINE NG Govt won't stand in the way so long as alliance proves beneficial, he says By in Kuala Lumpur A STRATEGIC partnership between Malaysia Airlines (MAS) and Qantas may not be too far off following assurances by Malaysian Deputy Prime Minister Najib
        REUTERS  -  531 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2628 23 AIRLINE CODES: AA: Amencao Airlines (AAL), AF: An Fiance (AFR), At An India (AIC), AY: Finnan Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airli 'BOU), BR:
        2,628 words
      • Article
        Lock icon Honeywell reaffirms profit outlook
        260 23 Bloomberg [NEW YORK] Honeywell International Inc, the world's largest maker of cockpit controls, reaffirmed this year's profit projection and said that 2009 earnings will be in line with analysts' estimates. Earnings next year will meet estimates even as the top end of the sales forecast misses
        Bloomberg  -  260 words
      • Article
        Lock icon Boeing protests Lockheed satellite deal
        431 23 Reuters [WASHINGTON] The Boeing Co on Monday filed a protest with the Government Accountability Office (GAO) about a US$l.l billion contract for next-gener-ation weather satellites won by Lockheed Martin Corp on Dec 2, a company spokeswoman said. "Based on the information that we received, we
        Reuters  -  431 words
      • Article
        Lock icon Outlook for Cathay Pacific scary, says CEO
        179 23 Bloomberg [HONG KONG] Cathay Pacific Airways chief executive officer Tony Tyler said that projections for the carrier's business in the coming months are "quite frankly, scary". "The fact that there's so little visibility makes the situation even more unsettling," he added. Cathay Pacific,
        ■ Bloomberg  -  179 words
      • Article, Illustration
        Lock icon Jim Rogers calls bottom
        150 23 Reuters [LONDON] Jim Rogers, one of the world's best known investors, has said the world's publicly listed airlines may have reached a bottom after a prolonged struggle against high oil prices and the economic downturn. Launching a new airline stock index with Royal Bank of Scotland,
        Reuters; BLOOMBERG  -  150 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Downhill road ahead for transport companies
        856 25 Reuters Sector is hit by deepening economic problems despite drop in oil prices [CHICAGO] For transportation companies, it was never meant to be like this. By now, the US transport sector especially trucking was supposed to be in recovery mode, benefiting from a positive
        Reuters; AFP  -  856 words
      • Article, Illustration
        Lock icon Hamilton set to thrill as credit woes bite
        620 25 Reuters [LONDON] Formula One should be looking forward eagerly to the year ahead after a thrilling 2008 season with new winners and 23-year-old Lewis Hamilton becoming the youngest world champion on the last lap of the last race. Instead, with the global
        – Reuters  -  620 words
      • Article
        Lock icon Washington readies for inauguration
        573 25 LAT-WP Roadways, transit systems pressed to handle the crush [WASHINGTON] Even if only half of the projected two million to four million people show up for next month's presidential inauguration, the Washington region's roadways and transit system will be too pressed to handle the crush, planners
        LAT-WP  -  573 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      374 23 CRYPTIC CROSSWORD ACROSS I Troublesome women put j J down in town (10) i 6 Companion is dull with little _HH_HH_^H_HH_HH_HH__HH_ clothing primate (5) I I 1 Town's tree getting photo- I 12 Decaying leaf rots in the 13 Wood making church __^J__^J__ L J__^J—^J—— gloomy mostly (5) 15 Cathedral
      374 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      1738 24 A SPECIAL FEATURE BROUGHT TO YOU BY MmWSnSnfi A DYNAMIC CONNECTION FOR SINGAPORE MALAYSIA WITH MTU ONSITE ENERGY conglomeration of several of Tognum yj^^^^^Mriß^HMl j Group's subsidiaries, dedicated to I providing clean, efficient energy to any bm^p remote facility that is not on the power i -^j 51** grid, with
      1,738 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      11 25 lJ> TODAY'S .ol£!b£ music i r ONLY ON TODIVS BEST m%%
      11 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 2
      85 25 Dimensions: (W) 800 mm x (H) 1798 mm x (D) 694 mm •Gross Capacity: 593 L Features include LED Sunlight (Vitamin Factory), Automatic Ice Maker, Soft Freezing, Anti-bacterial Deodoriser Non-CFC Refrigerant In deep stainless colour FREE delivery L_4_ MITSUBISHI Wm. ELECTRIC Changes for the Better HOW TO ZAP: Download software
      85 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      168 25 CRYPTIC CROSSWORD 17 Dubbed King Edward about IB__|^_ 9/1 i 1 t f th M /q r\ I 1 I I P I I I W 27 Creature to remain with 22"Mifan, 124 Bandanna,lTseg--28 £In did not start "OWN 5 The Parisian stood up genu- 29 Ropy, 30 limited edition
      168 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      1662 26 A BT ADVERTISING FEATURE This established player in the logistics business has set up the first wine storage and display hub in Asia Mi raj |5~;~ B For the company has successful- Hk a tie-up with a Sommelier school to Q^ r to project cargo logistics including wj hospitality industries
      1,662 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon The Madoff swindle and the fallout
      469 27 AT an estimated US$5O billion, the sheer scale of the alleged fraud perpetrated by hedge fund manager Bernard Madoff dwarfs every swindle in history and boggles the mind. Also astounding is the list of clients who have ended up exposed to Madoff s humungous
      469 words
    • Article, Illustration
      Lock icon You 'd better watch out, or you 're going to cry
      880 27  -  NEERAJ SHAABI There's a new wave of security threats targeting online shoppers this holiday season By C 1 HIMNEYS are no longer the only way through which Santa delivers presents. At this time of the year, no one wants
      STOCK.XCHNG  -  880 words
    • Article, Illustration
      Lock icon Arroyo must clear up doubts about her intentions
      728 27  -  AL LABITA THE BOTTOM LINE FOREIGN investors seem very happy that Manila politicians are engaged in a debate to revise the country's 1987 constitution. The constitution has been branded protectionist because it contains provisions which, investors say, should be scrapped to ease
      728 words
    • Article, Illustration
      Lock icon Investors happily handed Madoff billions
      939 28  -  SUSAN ANTILLA Any time someone questioned him, the probes were all but ignored By: UN JUNE 18, 1991, a balmy late spring day on the North Shore of New York's Long Island, stockbroker Pamela Martens sat on the patio of an exclusive local country club,
      AFP  -  939 words
    • Article, Illustration
      Lock icon Obama should take the other road to Jerusalem
      794 28  -  LEON HADAR IN EARLY 2002, the then US secretary of state, Colin Powell, was exploring ways to restart negotiations between the Israelis and the Palestinians that had broken down in the aftermath of the second Palestinian Intifadah (uprising). Mr Powell was arguing
      AFP  -  794 words
    • LETTERS TO THE EDITOR
      • Letter
        Lock icon Risk profiling for home buyers?
        296 28  -  Ec Teck Siew MANY Singaporeans who bought property last year have ended up in a bind. Following the financial turmoil, the property market took an about turn and some banks froze lending altogether. People would stand to lose a lot of money trying to sell
        296 words
      • Letter
        Lock icon Governance oversight needed more than ever
        298 28  -  Tan Lye Huat I REFER to the article "Don't get Madoff, get even" (BT, Dec 15) and suggest that it will almost and probably always be too late "to get even" by the time a financial explosion hits the market. I fully agree with
        298 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8465 29 Transaction date: Dec 16 Hii !-wks Tel Low Code Com[ Sale ('000) Hii Low Bu] fer Seller C'vr P/E $mil >an] 12 3 3148 STelecom 17 3 5834 A-Sonic. 110 100 6389 ABFSG I'.ond I II 30.5 12 5000 ABR Hldgs 19 6 1938 AEI Corp 14 1
      8,465 words
    • Article
      Lock icon SGX CATALIST
      1823 30 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
      1,823 words
    • Article
      Lock icon SGX XTRANET
      70 30 52-Wk Tel h Low Code Last Sale Vol fOOO) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil _Hm Com _Hm ***** ***** 6065 Diamonds 6200 6200 6095 ISDJUSTech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 385 158 6009 STI
      70 words
    • Article
      Lock icon CLOB INTERNATIONAL
      77 30 52-Wk Tel High Low Code Last Sale Vol C000) Day Last Quote |h Low Buyer Seller Div GrYld C'vr Net MCap P/E Smil Comi >an< Hii 109.1 37 6000 AVJennings 13 4 6134 Over&Gen 31.5 6 6017 StarCruises 283 104 6019 TanChonglnt A37.5 A8 IIS9.5 IIK110 -4 +1
      77 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8775 30 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.399/ AIGIF Spore Bond Fund/A 1.197/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.6/ APS Alpha Fund (USD)!** 0.4/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5821/ APS Komaba Global
      8,775 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      32 29 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB W& 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. 1 M Internet: Http://www.audemarspiguet.com m I j Sjß^jß
      32 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      367 31 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 15 World Index Preliminan 658.4 0.0 -41.8 0.3 -42.3 0.9 -43.1 EAFE Preliminai 637.1 1.0 -43.1 2.2 -44.8 2.9 -46.2 Euro[ Preliminan 893.0 -0.4
      367 words
    • Article
      Lock icon PALM OIL
      66 31 Dec 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Jan 09 1555 Feb 09 1555 Mar 09 1550 Apr 09 1552 Total o/p: ***** contracts 1545 1565 1535 1545 1564 1529 1545 1570 1529 1545 1570 1535
      66 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 31 Dec 16 STI IIMSCI Dec 213.9 218.1 218.1 "aiwan Dec 172.2 175.7 174.0 Source: MF Global (S) He. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 31 Dec 16 Bid Offer -month 1.4749 1.4761 months 1.4741 1.4757 months 1.4731 1.4748 >-months 1.4702 1.4720 Source: OCBC
      21 words
    • Article
      Lock icon SIBOR
      78 31 Dec 16 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 1.***** 0.***** 3 mths 1.***** 0.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.*****
      78 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      297 31 Dec 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.4400 98.4950 98.4650 98.3350 ***** 4711 2751 1345 EUROYEN TIBOR FUTURES MarO9 99.305 99.330 JunO9 SepO9 99.420 99.420 DecO9 Mar10 Jun10 Sep10 Dec10 99.220 99.420 99.225 99.270 99.315 99.315 99.220 99.160 99.135 99.155
      297 words
    • Article
      Lock icon SICOM FUTURES
      192 31 Dec 16 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Jan 09 109.5 Feb 09 115.5 Mar 09 121.0 AprO9 125.0 May 09 125.0 JunO9 124.8 107.0 115.5 121.0 124.0 124.0 124.0 109.5 115.5 121.0 124.9 125.0 126.5 74
      192 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      91 31 Dec 16 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****N 19.03.09 1-Year BY*****V 02.11.09 0.59 0.75 0.55 0.55 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A
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      Lock icon FOREIGN CURRENCY NOTE RATES
      130 31 As at 9am Dec 16 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9750 1.0070 .an dollar 1.1870 1.2020 Euro 2.0080 2.0320 NZ dollar 0.8110 0.8290 iterlini ind 2.2430 2.2690 US dollar 1.4670 1.4840 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      176 31 Dec 16 $S Offer Overnight 3/16 1-month 3/4 2-months 7/8 3-months 15/16 Overnight mode: 1/16 US$ Offer 1/16 1/2 5/8 11/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.30 1.20 1.90 2.00 2.40 2.60 2.70 Offer 010 0.70 1.40
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      Lock icon INTERBANK CROSS RATES
      463 31 Dec 16 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.825 4.585 0.489 5.191 32.037 74.180 0.605 9.039 2.380 1.200 54.327 31.715 0.988 6.797 0.775 22.113 23.289 0.438 0.670 Canada 1.212 5.558 0.593 6.292
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      Lock icon PRECIOUS METALS
      137 31 Dec 16 GOLD (USS/oz) Dec 16 Dec IS Hong Kong London 830.80 826.00 831.80 827.00 Dec IS Dec 12 836.70 822.90 838.70 824.90 Source: Thomson Reuters CAST BAR S$) Dec 16 Buying Sellim Kilobar "42,359.16" ***** PAMP GOLD BARS 6$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm
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      Lock icon INTERBANK CURRENCY RATES
      157 31 Dec IS Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9878 0.9888 0.6697 0.6699 Canadian dollar 1.1973 1.1987 0.8118 0.8121 Euro 2.0194 2.0214 1.3691 1.3694 NZ dollar 0.8226 0.8240 0.5577 0.5582 Sterling 2.2532 2.2555 1.5276 1.5281 US
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      Lock icon LONDON METALS
      65 31 Dec 15 minimum, 99.7 jrity (US$/tonne) Co Close Previous :ash 1454.50 months 1495.00 1460.51 1500.01 Copper, Grade A (US$/tonne) ;ash months 3126.00 3165.00 3143.01 3175.01 .ead (US$/tonne) :ash 1017.20 months 1025.00 1010.21 1018.01 lickel (US$/tonne) ]ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash months *****.00 *****.01 *****.00
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      Lock icon LIFFE
      65 31 Dec 15 COCOA (Btonne) Close Prev Hii ih/Low Mar 09 1696 1645 1698/1635 May 09 1690 1641 1691/1633 Jul 09 1700 1650 1701/1642 SepO9 1678 1649/1630 COFFEE (US$/tonne) Close Pev High/Low Jan 09 1876 1902 1900/1866 SUGAR (US tonne) White Close Prev High/Low Mar 09 319.5 319.2 326.7/319.3 May
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      Lock icon CHICAGO BOT
      101 31 Dec 15 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 846.00 854.00 877.25 843.50 Mar 09 849.50 856.25 879.75 846.75 May 09 860.00 865.75 889.00 858.00 Jul 09 869.75 874.75 898.25 867.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Ian 09 30.55 30.92 32.05 30.45
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      Lock icon CRUDE OIL & PRODUCTS
      75 31 CRUDE OIL PRODUCTS Dec 15 origin! (/barrel Close Cham irent blend (1-Mth F) 49.48 2.71 WTI (Near Mth) 44.50 -1.97 iubai (1-Mth F) 47.67 3.71 "apis blend 49.90 3.70 i/linas 45.70 3.70 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha let Kerosene 34.10 S0.20 1.10 1.00 JS$/barrel )pec Oil Basket Price
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      Lock icon BONDS & WARRANTS
      2575 31 BONDS WARRANTS Fel Zode Com| Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left >am >058 Advance Modules GrpW*****3 >036 Advance SCT Ltd W*****9 5092 Asia Environment W*****4 1481 Asia Water Tech Ltd W*****0 3816 SAsiasons Capital Ltd WO***** i756 Asiatic Grp(H) Ltd W*****2 4105
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      192 31 YAf I** a4'a AI Market Movers for Stock Index Futures: \X Jp jf I I I^l Policy outlook and interest rate hikes by Central Banks. f fc^^ 4 AA MI >>iUM D^ M J#« OiAmtMAJ^O Key economic indicators such as unemployment rates, GDP, CPI, PPI, home sales, business ATT6r tn6
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      2604 32 The Business Times Shipping Times SM BICTI^ffnHlffiffffTOIffiBBffiB Mi\V WAN HAI INTERNATIONAL PTE LTD crno U6W;oooo R V M K^LE li:M.rjliM_^M>BKi8^ TEL.*****588 (14 LINES) FAX: *****163 V W^_^^HTir7^^^!V IHhA B-B_- laWTO_1il» V\M^\A/AM II Al |NF\ Cu.loiner$mi.e/Booking. Direct line (1800) *****200 A A M^ I I JJjHfHt WBBB V 11 IlHIl I
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      1165 33 RI C X JVI ERS'LINIE Round-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com USA Service Vessel I Vov I SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB I NEN I NYC I CPE Rickmers Jakarta 249 19/12 26/02 04/03 09/03 Rickmers
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      1255 33 ltin EASTERN CAR LINER, LTD It—s?—i SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS l|mmjJJJjgJ2^ y^~ I Ramt(KT) I Liltinq(KT) I MUA I SIN I PKL I LCB I JKT I SUR I I GOLD MENAM 90 40 U2 18/12 22/12 I COSMIC CHALLENGER 144 30 60 19/12 21/12 24/12
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      1022 33 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL I VOY I SIN I PKL I [MB I NSA I [MB NQRDWELLE VNWOI2 02 DEC 04 DEC OB DEC 11 DEC 15 DEC SCI [HENNAI 002W 05 DEC 07 DEC 14 DEC 18 DEC 18
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      5401 34 PCL/PHL SERVICE AMX SERVICE Coi™ectinqECLSvcviaMALTA| I VESSEL VOY SIN I PKL I NSA I JEA I BND SIN I JED I DAM I GOA I VLC I MLA MLA I FXT HAM ANR I LEH IRAN BUSHEHR PHLB3O4 10/12 11/12 17/12 20/12 21/12 SYAYANI PHLB3O7 13/12 14/01 21/12 22/12 DECRETIVE
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      157 34 [JS* GLORY NAVIGATION GROUpI I( SINCE 1970 OWNS OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS I REGULAR WEEKLY SERVICES: m IKAOHSIUNG CHINESE PORTS, HONG KONG TO FROM SOUTHEAST ASIA I SINGAPORE HIAPWOON SHIPPING (S)PTf LTD 14 ROBINSON ROAD, #03-01 SINGAPORE
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  • executive Money
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      Lock icon Swiss banks buck trend, post strong inflows
      965 35 Pictet, EFG Bank plan to hire relationship managers, writes GENEVIEVE CUA FOR most wealth managers, it's time to batten down the hatches as the vicious bear market erodes wealthy clients' portfolios. But at least two Swiss banks are bucking the trend. Pictet et
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      Lock icon Currency trading among individuals on the rise
      566 35  -  GENEVIEVE CUA By ASSET values may be down but at least one asset is seeing trading volumes rise. dbFX, the retail trading platform for foreign exchange run by Deutsche Bank, has seen trading volumes rise by 118 per cent over 2007, surpassing the
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      Lock icon A US$3t bailout plank by plank
      898 35  -  KEVIN HASSETT Bloomberg By OLLSTER Frank Luntz asked a m large audience at a conference in Washington last week to raise their hands if they had received a government bailout. While they chuckled and rested their hands on their laps, Mr Luntz made an
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      Lock icon Climate favourable for bond investors
      1132 36  -  CHEW SOON GEK Global government bonds are expected to continue to be in demand as defensive investments in a portfolio context. Investors can also take advantage of basis trades A GLOBAL recession is upon us, and we expect weak economic data from the developed world
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      Lock icon Watch out for risk in the middle of the road
      1131 36  -  JEFF SOMMER Lip my nit; 111 d -NYT By, INVESTORS rarely brag about their individual bond holdings, but they are certainly complaining about them now. Many middle-of-the-road bond mutual funds that seemed to promise stable returns in a difficult market
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      64 35 ■I9ISIPHH ■HHHHHHHHHHiIi Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg H S3 IG Markets (ACRA No. *****621 X) holds a capital markets services licence for dealing in securities, trading in futures contracts and leveraged foreign exchange. IG Markets is also licensed to trade commodity CFDs by The
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      313 36 I pjHE&iifliiiirj m ■■tin mm In today volatile investment environment, it's difficult to formulate your investment strategies with many conflicting opinions in the market. E*TRADE brings you the industrial recognized investment experts that helps you to make a smart investment decision for Date- 17Januar 2009 (Sat) the year ahead. Tjme:
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