The Business Times, 2 February 2009

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Monday, February 2,2009
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  • 923 1  -  NISHA RAMCHANDANI Move bucks expectations of lowered prices due to economic crisis By [SINGAPORE] It's supposed to be a totally different ball game for Formula One (Fl) organisers this year. The economic storm that has engulfed the world is leading corporations to
    FILE PHOTO  -  923 words
  • MARKETS DIGEST
    • 52 1 iT Index 1,746.47 +61.24 LL COMP 884.45 +11.76 IIKKEI 225 7,994.05 +248.80 JANG SENG 13,278.21 +699.61 LET INDEX 437.69 +4.17 JAKARTA COMP 1,332.67 +17.09 1ANILA COMP 1,825.09 -32.25 LEOULCOMP 1,162.11 +68.71 LHENZHEN B IUMBAI IND 9,424.24 +749.89 )OW 8,000.86 -76.70 IAS DAI 1,476.42 -0.87 L&P 500 825.88 -6.07 :TSE
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.40 HONG KONG 5.00 INDONESIA 16.560 TAIWAN 6.316 JAPAN 1.475 KOREA 9.33 BRITAIN 1.50 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • 45 1 IS$ (S$ ier US$) 1.508 (US$/S$ per 1.423 2.146 EURO (US$,S$/E) Foreign currency 1.290 per US$ 1.945 S$ 'EN 89.50 59.30 3.608 2.393 IK$ 7.756 5.144 !AHT 34.92 23.16 LUPIAH 11,375 7,544 LENMINBI 6.840 4.536 INDIAN RUPEE 48.99 32.49 1.549 1.027 IZ$ 1.954 1.296
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  • 716 1  -  CHEN HUIFEN The funds will only be used during exceptional crisis and not to support welfare By [SINGAPORE] The government will dip into the country's reserves only in times of exceptional crisis and will not use them to support welfare and
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 60 1 BizlT I jjjpa VIEWS FROM THE TOP I AGE OF I ART OF WAR I I EMC's Asia operations I Short-term measures, TURBULENCE Zap for Sun Tzu's strategies! m grow 17% in 2008 ?> long-term vision A litmus test for Asian Win an Egg Pod chair! H PAGE 28 MtHKJ
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 62 2 TAPPING Singapore's reserves to help the country ride out the economic crisis is not equivalent to breaking the piggy bank, said Senior Minister Goh Chok Tong yesterday. Mr Goh assured that a stringent and discipline process is involved before
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      • 80 2 THE US Senate begins debate today on President Barack Obama's massive economic stimulus package, with opponents vowing to stand firm against the US$Bl9 billion plan that passed in the House of Representatives with no Republican backing. The White House has signalled it
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      • 97 2 NET take-up for office space hit negative territory in Q4 last year the first fall in nearly five years as financial institutions and other businesses began to downsize their operations. The net demand for office space fell by almost 366,000 sq ft in
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      • 85 2 A FEW managers of Real Estate Investment Trusts (Reits) may be touted for sale in the market by investment banks. But potential investors in such companies will soon be required to obtain official approval before buying in. Under an Amendment Bill
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      • 90 2 THE official numbers may not be out yet, but some local hotels apparently did enjoy brisk business during the Formula One weekend last September. According to a review of hotel performance by business advisory firm Deloitte, the first night of the threeday
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      • 82 2 SOUTH Korean exports in January shrank by a record pace as the global downturn deepened, putting pressure on the government and central bank to take stronger steps to shore up Asia's fourth-largest economy. Exports in January fell a record 32.8 per cent over
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      • 78 2 DESPITE the challenges faced by the global economy in the second half of 2008, information management and data storage vendor EMC's APJ (Asia-Pacific, including Japan) operations delivered a record US$l.6 billion, approximately 11 per cent of the company's total revenue of US$l4.9 billion
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    • 633 2 AFP More Republicanfriendly items are expected to be included in the plan [WASHINGTON] The US Senate begins debate today on President Barack Obama's massive economic stimulus package, with opponents vowing to stand firm against the US$Bl9 billion plan that passed in the House
      AFP; AP  -  633 words
    • 1042 2  - Lack of progress on 'bad bank 1 plan weighs on investors ANDREW MARKS WALL STREET INSIGHT By in New York INVESTORS are not sorry to bid farewell to a miserable January, but as they turn the page to the first week of trading in a new month, the sense on
      AFP  -  1,042 words
    • 934 4  -  KALPANA RASHIWALA Negative demand seen this year too as companies give up shadow space Byl NET take-up for office space hit negative territory in Q4 last year the first fall in nearly five years as financial institutions and other businesses began to downsize
      JOSEPH NAIR  -  934 words
    • 635 4  -  KALPANA RASHIWALA New requirement proposed in amendment Bill By A FEW managers of Real Estate Investment Trusts (Reits) may be touted for sale in the market by investment banks. But potential investors in such companies will soon be required to obtain
      635 words
  • Page 2 Advertisements
    • 430 2 Budget 2009 Date Minister for Finance, Mr Tharman Shanmugaratnam, delivered his Budget Friday, 6 February 2009 Statement in Parliament on 22 January 2009. Announcing a Resilience Package totalling 5520.5 billion dollars, this will be targeted at helping Time preserve jobs while building for the future during the current downturn. Both
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  • Page 3 Advertisements
    • 143 3 Improving lives through advanced technologies. Ba^V 1881 J Bf| Ulf I ■**^Ci^^_^ :^k- mW .A ■^^^^1 Z Hitachi 1.5 World's First Ultra Thin Full HD LCD TV. Hitachi's goal is to empower lives in every aspect with advanced Kand eco-friendly technologies. It is this quest that drives Hitachi to develop
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  • Page 4 Advertisements
    • 391 4 SINGAPORE MANAGEMENT UNIVERSITY EQUIPPING YOU FOR TRADING SUCCESS TRADING KNOWLEDGE, DEVELOPING TALENTS M Essentials of Structured Trade Finance I Fundamentals of Agri-commodities Trading Mar 2-3 2009 I 2nd Intake Understand essential components and ug y uus mechanics of short-term financing of Insight into how risks including counterparty, international trade transactions.
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    • 70 4 The famous "A Room Within A Room" concept originally designed by Eero Aarnio in 1996 Chic retro design with white exterior A red interior cushioned A wall that is Wt H upholstered in fabric I Durable stylish w fiberglass shell Wl Swivels 360 degrees W Removable interior cushions for easy
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  • COMPANY NEWS
    • 927 5  -  R SIVANITHY TO MOST casual observers, the fact that the Dow Jones Industrial Average (DJIA) has bounced back every time it dipped below 8,000 points over the past few months even when there is bad news suggests that the 8,000 mark is where
      AFP  -  927 words
    • 227 5  -  JAMIE LEE By OPENNET a consortium that is building the passive infrastructure for Singapore's ultra high speed broadband network said it has appointed its board of directors and chief executive. Former vice-president of access and transmission engineering at Singapore Telecommunications (SingTel), Tan Kah-Rhu, has taken
      227 words
    • COMPANY BRIEFS
      • 111 5 MICRO-MECHANICS (Holdings) Ltd, a manufacturer of precision tools and consumable parts for the global semiconductor assembly and test industry, saw revenue for the three months ended Dec 31, 2008, dip 7.5 per cent to $9.0 million as order flows from its customers slowed in the wake
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      • 62 5 CONTEL Corporation said it is disposing of its entire business to Good Idea Ltd (GIL), a private company incorporated in the Cayman Islands, for U5522.5 million in cash. GIL is a wholly-owned subsidiary of Sharpthink Finance Ltd, a substantial shareholder of Contel. The business
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    • 390 7 It hopes to deliver stable DPU this year with its long average lease expiry CAMBRIDGE Industrial Trust (CIT) has announced a distribution of 1.373 cents per unit for the quarter ended Dec 31, 2008, said Reit manager Cambridge Industrial Trust Management Ltd
      390 words
    • 578 7 Net profit refers to profit attributable to equity holders. Trust Si Reits: Turnover is gross revenue and earnings is income available for distribution. CapitaßChina Tr: The Group's results for FY2OOB includes the consolidated results of Xizhimen Mall and the seven properties acquired during the initial public offering
      578 words
    • 251 7 MATURITY YEAR RAISED COUPON DATE RATE (%p.a.) AMOUNT ($m) INTEREST PAYMENT DATES OF DAYS OF ACCRUED INTEREST PRICES* (EXCLUDING ACCRUED INTEREST) REDEMPTION ISIN CODE YIELD (%p.a.) H.10.2009 N*****0Z 2004 2 3/8 3900.00 1/4 1/10 121 101.25 0.50 SG********** H.04.2010 N*****0F 2005
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    • 334 7 Compiled by BT [HONG KONG] A shareholder activist in Hong Kong has reported to government regulators an alleged scheme to offer shares of telecom company PCCW to insurance agents as a reward for supporting the company's buyout offer, according to South China
      Compiled by BT  -  334 words
  • Page 5 Advertisements
    • 268 5 W ll cQ^ -l ASIAN \rs r u a iai- un r I o HUMAN CAPITAL Does Your Company Have A Winning HR Formula? award The Asian Human Capital Award J Honouring Innovative People Practices The inaugural Asian Human Capital Award, conferred by the Ministry of Manpower and INSEAD, will
      268 words

  • SINGAPORE MARKETS
    • 780 6  -  R SIVANITHY STOCKS ELSEWHERE in this issue of BT (see Hock Lock Siew column) we've pointed out the shortcomings of the price-weighted Dow Jones Industrial Average as a reliable benchmark for the state of the US stock market
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    • 344 6 CURRENCIES [HONG KONG] Asian currencies ended the week down against the dollar in light trade ahead of the release of US growth data, which showed the worst contraction in 26 years. Japanese yen: The yen fell against the dollar ahead of the release of
      344 words
    • 544 6 'ayment (cts) Ex Books date close Pay date iscendas Reit 4.050 21 -Jan 23-Jan 27-Feb \scott Res Trust ad 2.610 02-Feb 04-Feb 27-Feb iscott Res Trust ao 1.240 02-Feb 04-Feb 27-Feb iscott Res Trust 0.430 02-Feb 04-Feb 27-Feb \sia Pac Brew ak 18.000 28-Jan 30-Jan 10-Feb isiatravel.Com ak
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    • 336 6 AFP COMMODITIES [LONDON] Commodity markets faced a mixed week as traders tracked a deepening recession in key consumer the United States and a gloomy global economic outlook from the International Monetary Fund. Oil: Oil prices rose in London but eased in New York, with
      AFP  -  336 words
    • 1495 6 Source: Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Lompany name \llgreen Prop perties 2.58 2.58 12 6.04 7.53 0.66 0.47 ,RA Asset Me 2.00 2.00 2 6.25 6.40 0.66 0.39 .rmstrong Industrial 1.50 1.50
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    • 4 6 WEEKLY
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    • 62 6 Jan 30 VALUE CLOSE BT OB/OS -517.00+26.00 BT CADI -*****.00 +14.00 BT 10-day MA -*****.00 -52.00 FTSE ST Mid Cap 356.70 +0.97 FTSE ST Small Cap 289.04 +0.61 FTSE ST All Share 418.91 -3.52 FTSE ST China Top 185.05 +2.76 FTSE ST China 180.10 +1.71 UOB Catalist
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    • 61 6 VOLUME Golden Agri 203,495,000 Sing Tel 127,728,000 Straits Asia 82,247,000 Capita Land 77,269,000 Noble Grp 73,879,000 DBS DBeCWO9O7I3 55,477,000 China Honqxinq 51,828,000 Suntecßeit 43,892,000 Gent Intl 43,390,000 DBS Grp 43,029,000 VALUE(S) DBS Grp 384,953,090 Sing Tel 342,856,788 UOB 211,310,084 Capita Land 187,932,711 OCBC Bk 153,646,930 Keppel Corp
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    • 106 6 BY CENTS CLOSE UP 9016 892.2 7.0 GLD 10US$ China H 10US 922 96.5 7.5 OCBCCai 5.1%NCPS 100 9070 90.0 1.0 MS India 10US$ 733 81.4 8.0 India Ni 10 874 56.0 6.8 Straits Tri 483 53.0 12.3 DBS Git 882 44.0 5.3 JSH 1016 43.7 2.9 ISMSCI India
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    • 109 6 BY CENTS CLOSE DOWN 826 -64.0 -7.2 Great Eastern y iura Fin W*****7 6 -39.5 -86.: UOB BAReCW/*****0 25 -13.0 -34.2 Fastube 11.5 -12.0 -51.1 Sim |Tel RBePW*****3 32.5 -11.5 -26.1 Sim iura Fin 108 -11.0 -9.2 DBSBk6% NCPS 10 9600 -10.0 -0.1 UOI 229 -10.0 -4.2 DBS DB
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    • 99 6 Closing prices are in trading currencies, but absolute difference is in Ss. Wh lere S! stands lan 30 CHNG CLOSE FRJan29 YR 2008/2009 S$ LOW S$ HIGH uss 1.5094 -0.22 1.5346 1.3457 Euro 1.9406 1.39 2.2064 1.8640 Pounds 2.1531 -1.08 2.8431 2.0512 AS 0.9724 1.55 1.3251 0.9068 Yen* 1.6885
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    • 1408 8  -  ROBERT HALILI INSIDE MARKETS Low volume of purchases and no sales by directors as disposals considered inauspicious Byl TRADING by directors was sharply down last week: Only two companies recorded three purchases worth a paltry $100,000 during the holiday-shortened week of Jan 28 to
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  • Page 7 Advertisements
    • 105 7 Boorar Cspnal Gu-ircinieeo Furxl SGD Htfl llilt 11l H MVM II Mlfllll lIE»M<HI IJThh^l RID 22/01/09 9,98 SGD Croci Alpha Pars Sector USD I jjW^l .^Q^^MHH^ Croci Alpha Pars Sectors USD ffl^J i': 'in": im Double Joy Capital Guaranteed Fund Mam mmmmmmmmmmm^--S™™P^ call 6-222 6868 now AccountServe ■BSSSinssiiJ for the
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    • 6 7 l^l^^^^^^^^l^^^^^^^^^^^^e^P^l^^^^l^^^^^e^^^^^^^^i^^H /i5 P mmmWrnt XAmmmT' -^^^mmmmmW ->' <
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  • Page 8 Advertisements
    • 66 8 Conversations bL The diverse experiences *&^*&o ofsomeofthemost influential thinkers, tfl corporate chiefs iW m fr activistsof LISTEN OUT FOR |-np'j p-p M f/m Find out more about a company's financial /j P^ »,V\ performance through CATS Notices in Urn Mm W-: w/m W/XX%\\ *%\*%rS* <^hBI S'o^/%^ -<ij.^%- B^ >\ >
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  • SINGAPORE NEWS
    • 511 9  -  NISHA RAMCHANDANI Average room rate peaked at US$7Ol, occupancy hit a high of 87.9%: survey Byl THE official numbers may not be out yet, but some local hotels apparently did enjoy brisk business during the Formula One weekend last September. According to
      FILE PHOTO  -  511 words
    • 321 9  -  NISHA RAMCHANDANI By A BETTER understanding of how a currency crisis affects consumption will help managers steer their companies through such a crisis, according to a research paper. In a currency crisis, per capita consumption expenditure and per capita retail sales
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    • 282 9  -  ANNA TEO By j SINGAPORE will partner the World Economic Forum (WEF) in a new governance initiative to draw from business and civil society to tackle emerging global challenges. Along with Qatar and Switzerland, Singapore is party to the WEF initiative to establish a
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  • Page 9 Advertisements
    • 211 9 IC DIICIMCCCTIItiICC HERE'S your opportunity to come face to face with It Dw^llMt^^ llVlt^ investment guru Dr. Marc Faber. Renowned for his contrarian f%l II /\^"l ir ■i iti r\l\ AA A V^^" PAf\Pr\ investment philosophies, the editor and publisher of the widely DIALOGUE WITH DR. MARC FABER "t: t&
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1156 10 It's never too late to start one's estate planning early in life, to ensure that one's wealth is passed on to intended beneficiaries smoothly, says BEN TAN KIM LIANG ESTATE planning refers to the process of planning for the transfer of a person's estate to the
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    • 986 10 CAMPUS LIFE A theatre productions firm aspires to make its mark on the growing arts scene, writes MAYBEL CHONG THEY may employ the common ingredients used in theatre such as lights and props, but The Parables Company seeks to stand out from other local
      YEN MENG JIIN  -  986 words
    • 158 10 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • Page 10 Advertisements
    • 46 10 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • FINANCIAL CRISIS
    • 1079 11 Their diversified structure, resource sharing and stronger governance will help them fare better in this crisis, writes SEA-JIN CHANG THE current global financial crisis reminds us of the nightmare that Asian nations went through a decade ago. The Asian economic crisis, which started
      REUTERS  -  1,079 words
  • Page 11 Advertisements
    • 463 11 relive the excitement IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MABRUSIN PTE. LTD. (In Members'Voluntary Liquidation) p Company Reg. No. *****0016D REVIVE YOUR J EWELS NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 (the "Act") that the
      463 words
    • 211 11 p i^, lii Ifcnetn. wiiVi »*>*«» iniv.i,.,-.-^ u.v\m"\v'l'.V. 1 i i A pocket projector at $499? Only when you subscribe to Pulses, the investment monthly Just insert your SD card and project! No need to carry Ifi^Af^^^ your laptop or lug a cumbersome projector to your next l£d§ BAAV presentation.
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  • VIEWS FROM THE TOP
    • 2392 12 THIS WEEK'S TOPIC: How well does Budget 2009 address the severe challenges facing Singapore businesses and individuals? Is further action needed to supplement the proposals? Noboru Oi Group CEO Fujitsu Asia Pte Ltd OVERALL, I think the Resilience Package addresses the key challenges amid the recession
      BLOOMBERG  -  2,392 words

  • Page 13 Advertisements
    • 55 13 Lianhe Zaobao I s^Jr~~' j *r_jtf J Ipropectsfor fgl TODAY'S I Chinese BES'f I low-end i I cosmetics i M u bic I here 1 1 ONLY ON ■mammal rem ToBirsßEiT^rae. CA TS Recruit f/ The first step on /x X/] your ladder to success \\W m I 3| Bl
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    • 12 13 A complete list of views from CEOs is also available at http://businesstimes.com.sg
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  • DINING OUT
    • 659 14  -  Geoffrey Eu NEW RESTAURANT Barossa 8 Raffles Avenue Esplanade Mall, #01-11 Tel: 6534-5188 www.creativeeateries.com.sg AN inviting atmosphere, cold beer on tap, casual cuisine that's both tasty and easy to pronounce, and geriatric rocker Rod Stewart belting out pop standards over the speakers it's all part
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    • 630 14  -  Audrey Phoon NEW RESTAURANT The Queen and Mangosteen #01-106/107 VivoCity 1 HarbourFront Walk Tel: 6376-9380 FIRST a Scottish bar, then an Australian brewery. Now, the people behind Clarke Quay's Highlander Bar and The Pump Room are traversing new territory with the opening of their latest
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  • Page 14 Advertisements
    • 1085 14 A SATS I S I ZHONGHUI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2749R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Zhonghui Holdings Limited (the "Company") will be held at 10 a.m. on 17 February 2009 at FTSE
      1,085 words

  • ECONOMY WATCH
    • 695 15 Further interest rate cuts expected in the face of gloomy export outlook [SEOUL] South Korean exports in January shrank by a record pace as global downturn deepened, putting pressure on the government and central bank to take stronger steps to shore up Asia's fourth-larg-est
      AP  -  695 words
    • 446 15 [MELBOURNE] Australia will fall into a budget deficit this fiscal year as companies pay less tax and spending to stimulate the economy increases, Treasurer Wayne Swan admitted for the first time yesterday. Corporate tax receipts will probably decline by Asso billion (5548.2 billion) in
      446 words
    • 584 15  -  JANE MOIR It may take 20 years for public debt to hit pre-crisis levels By in Lonaon A LEADING think-tank has warned that Britain faces substantial tax hikes if it is to plug a hole in public finances. An additional £20 billion (5544.11
      584 words
    • 326 15 AFP [BRUSSELS] Despite promises to tackle recession together, EU governments are scrambling each in their own corner to come up with new measures to revive their economies, threatening the bloc's unity. Since the start of the year, Germany has launched a
      AFP  -  326 words
    • 981 15 ■AFP [KUALA LUMPUR] Asia's car industry faces a dramatic slowdown in 2009 as the global financial crisis puts the brakes on sales, with Japan and Korea hit hard by weakening demand in the United States and Europe. The region's car industry has boomed
      ■AFP; REUTERS  -  981 words

  • MALAYSIA/INDONESIA
    • 590 16  -  S JAYASANKARAN MALAYSIA INSIGHT Tiresome open bickering should cease Kuala Lumpur has decided to reject the RMI.6 billion (*****.4 million) low-cost carrier terminal (LCCT) project in Labu in Negri Sembilan proposed by Sime Darby and Air Asia. This, after the Cabinet agreed
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    • 417 16 [KUALA LUMPUR] The present economic downturn presents a good opportunity for Malaysia's healthcare sector to steal market share from their more established regional rivals, OSK Research Sdn Bhd says. The research house said that although the healthcare sector in the country is still relatively small
      417 words
    • 348 16 Reuters [DAVOS] Indonesia's exports are beginning to slow under the impact of falling commodities prices and slowing global demand, after rising by around onefifth last year, Trade Minister Mari Pangestu said on Friday. South-east Asia's biggest economy is also facing increasing protectionist
      Reuters; AP  -  348 words
    • 535 16 But economist says it will fall to 4-5% in 2010 [KUALA LUMPUR] Unemployment in Malaysia could reach six per cent this year, its highest in more than 20 years, as the economy slows down significantly, Malaysia's Business Times reported economist Zainal Aznam
      AFP  -  535 words
    • 2157 16 Ian 30 RM Cooo] SiM Realty 0.33 unch \bric Bhd 0.24 unch \dvance Synergy ...0.08 unch \dventa Bhd 0.80 unch \eMulti Hldgs 0.15 unch \ffin Holdings 1.35 -0.01 \hmad Zaki Resou ..0.44 -0.01 McCorp 0.47 unch Mrasia Bhd 0.88 -0.03 \kn Technology 0.12 -0.02 Mliance Financi 1.89 0.03
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  • GREATER CHINA/INDIA
    • 711 17 -AFP New president's approaches to terrorism and Kashmir dispute could potentially irritate strategic relations [NEW DELHI] With US President Barack Obama still in the early days of his presidency, India is keeping a wary eye on policy changes that could irritate what
      -AFP  -  711 words
    • 273 17 Reuters [SHANGHAI] China's consumer spending rose strongly during the week-long Lunar New Year holiday period which just ended, despite the slowdown in the Chinese economy, the Ministry of Commerce said on Saturday. Retail sales climbed to 290 billion yuan (Ss64 billion) in the week
      ■ Reuters  -  273 words
    • 703 17 AFP Suppliers at Yiwu moan about declining sales but officials plan to expand it [YIWU, China] The global financial crisis has started to weave its way into Yiwu, the world's largest wholesale market for small consumer goods, but the city in east
      AFP  -  703 words
    • 391 17 Reuters More money will go to agricultural subsidies [BEIJING] China's 750 mil-lion-strong farming population faces a tough 2009, the government warned yesterday, vowing price support, land controls and curbs on imports to shore up flagging rural incomes and ward off unrest. The Communist Party government
      – Reuters; AFP  -  391 words
    • 431 17 -Reuters, AP [BEIJING] Chinese Premier Wen Jiabao reiterated the need for strict supervision of the world banking industry amid the global financial crisis, state media said yesterday. Mr Wen, following US President Barack Obama's denunciation of "shameful" US banking executives for taking big
      -Reuters, AP  -  431 words
    • 297 17 Bloomberg [SEOUL] Hyundai Motor Co and affiliate Kia Motors Corp, South Korea's biggest carmakers, target record sales in China this year to help them weather the meltdown of car markets in the US and Europe. Hyundai's 50-50 joint venture in China aims
      – Bloomberg  -  297 words

  • ASIA-PACIFIC/WORLD
    • 393 18 Reuters [TOKYO] Mizuho Corporate Bank (MCB), the corporate lending arm of Mizuho Financial Group, is curbing overseas lending due to disruptions in dollar funding markets, a major Japanese newspaper said yesterday. Meanwhile, Fukuho Bank, a small unlisted regional bank in central Japan, is
      – Reuters  -  393 words
    • 632 18 Reuters [BANGALORE] Bad credit? Need money now? Just grab that electric guitar in the corner and head for a pawn shop. Cash-strapped consumers are swapping jewellery, music systems and electronic gadgets for cash like never before. "The pawn transaction is a very
      Reuters  -  632 words
    • 609 18 -AFP Protest leaders say they will return to the streets in 15 days [BANGKOK] Thailand's deputy prime minister yesterday rejected an ultimatum by thousands of protesters demanding the government step down, raising the prospect of more rallies in the turmoil-wracked kingdom. Suthep Thaugsuban,
      -AFP; REUTERS  -  609 words
    • 384 18 NYT [NEW YORK] Battered by the worst economic downturn in decades, governors across the country are using their annual speeches to state lawmakers to inject a little Obama-style optimism into the dour debate over budget cuts, and even to suggest that bad times require
      NYT  -  384 words
    • 647 18 -Reuters [NEW YORK] As markets brace for the worst corporate defaults since the Great Depression, torrents of cash are flowing to America's highest-quality companies, pushing their borrowing costs to record or multiyear lows. Wal-Mart Stores offered its lowest interest rate ever,
      -Reuters  -  647 words
    • 222 18 Bloomberg [DAVOS] Qatar may buy stakes in three "blue chip" companies and increase existing holdings, Prime Minister Hamad bin Jasim said. "We cannot build all our reserves on one kind of investment, so we have to spread it," he said in
      – Bloomberg  -  222 words
    • 445 19 Bloomberg 'BAD BANK' PLAN Joseph Stiglitz warns that buying toxic assets may swell US national debt [DAVOS] Nobel laureate Joseph Stiglitz said that any decision by President Barack Obama to establish a so-called bad bank to rid financial companies of toxic assets, risks
      Bloomberg; BLOOMBERG  -  445 words
    • 922 19 Reuters NEWS ANALYSIS Many economists and advisers reckon UK's bank insurance model may be too messy [DAVOS] Creating "bad banks" may be the only solution to the worst financial crisis in generations, but the quid pro quo of govern-ment-led fixes
      Reuters  -  922 words
    • 538 19 AFP He becomes the tournament's first Spanish winner [MELBOURNE] Rafael Nadal reduced Roger Federer to tears as he won a classic Australian Open final to secure his first hard-court Grand Slam title and stop the Swiss equalling the all-time majors record yesterday. Nadal, the world number
      AFP  -  538 words
    • 242 19 -AP [SANTA CLARA, California] Banks collecting billions of dollars in bailout money sought government permission to bring thousands of foreign workers to the US for high-paying jobs, according to an Associated Press review of visa applications. The dozen banks receiving the biggest rescue packages requested
      -AP  -  242 words
    • 355 19 Reuters [SEOUL] North Korea warned yesterday that the downward spiral of relations with the South has pushed the peninsula to the brink of war, two days after it said that it was scrapping all pacts with its rich capitalist neighbour. Analysts say
      Reuters  -  355 words


  • WORLD ECONOMIC FORUM
    • 690 20 AFP Germany's Merkel proposes a UN economy council be set up [DAVOS] The world is entering an era of big government with only state muscle powerful enough to fight the economic crisis, top leaders signalled at the Davos summit. News of mass job
      AFP  -  690 words
    • 334 20 -NYT [DAVOS] The European Central Bank (ECB) is working on guidelines to prevent bailout plans from one country from being significantly more generous than plans from another, a central bank official said on Saturday. The central bank official spoke on the
      -NYT  -  334 words
    • 510 20 Reuters [GENEVA] Hundreds of people rallied here and in Davos on Saturday to protest against the World Economic Forum (WEF), saying the elite gathered for its annual meeting are not qualified to fix the world's problems. Carrying banners reading "You are the Crisis" and
      – Reuters; AP  -  510 words
    • 764 20 -AP [DAVOS] Mired in indecision and uncertainty, the world's foremost gathering of the best and brightest in government and business failed to come up with any new plan to stem, much less reverse, the global financial meltdown. The World Economic Forum in
      -AP  -  764 words
    • 505 20 AFP [DAVOS] Chinese and Indian consumers appear to be going on a spending binge bucking the global trend, but they cannot make up for the billions not being spent by shell-shocked American shoppers, experts said. India's Trade Minister Kamal Nath projected
      AFP  -  505 words
    • 412 20 -AP [DAVOS] Nike's chief executive, the head of Unicef and Melinda Gates agreed on Saturday that there's a simpler way to help rejuvenate many of the world's economies: invest in the education of girls and make sure they don't become victims of
      -AP  -  412 words

  • WORLD
    • 812 21  -  NEIL BEHRMANN Law firms may join hands to press banks to refund investors By in London INVESTOR suits against firms that placed money or advised clients to invest directly or indirectly in the Bernie Madoff Ponzi scheme are multiplying. According to Infovest2l, a hedge fund newsletter,
      812 words
    • 632 21 Bloomberg Disclosure rules not explicit on execs' health, say analysts [SAN FRANCISCO] Apple Inc's shifting disclosures about chief executive Steve Jobs's health are forcing regulators into new legal territory, balancing investors' right to information against a last bastion of executive privacy.
      – Bloomberg; AFP  -  632 words
    • 847 21 Bloomberg [MARYLAND] With a sharp nod, Robert Parkin bids US$5OO,OOO at the auction of a brick colonial house in Upper Marlboro, Maryland that the builder once valued at US$l.l million. Seconds later, a competitor counters at US$5lO,OOO, and Mr Parkin must decide whether
      Bloomberg; SNL Securities  -  847 words
    • 643 21 o o NYT [WASHINGTON] Anthony Lake served as one of Barack Obama's principal counsellors on foreign affairs during the campaign and exchanged e-mail messages with him regularly. But now that Mr Obama is president, Mr Lake no longer has his e-mail address. "No,"
      o o NYT  -  643 words
  • Page 21 Advertisements
    • 92 21 B^ Get your V ir *Z^^f copy from any 1i Spinelli outlet at i^^^ $5.50 and get a *C^ ij^^L complimentary 40 Spin or Latte! PLAN YOUR NEXT STEP Is it time to take risk or seek safety? What is the key to success? What is the difference between the
      92 words

  • AVIATION/SHIPPING
    • 449 22 Reuters Overall contraction in 2009 could be as much as -A%\ Airports Council Int'l [GENEVA] Air cargo traffic is likely to keep weakening in the next six months, reflecting a darkening global trade and business picture, a global airport industry body said on Friday.
      – Reuters; BLOOMBERG  -  449 words
    • 316 22 Bloomberg Bottom has been reached for iron ore market: analysts [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, gained last week on a record jump in rates to hire so-called panamax vessels to haul iron ore for making
      Bloomberg  -  316 words
    • 300 22 Bloomberg [NEW YORK] Governments in the Arctic region are unprepared for an increase in accidents involving oil tankers or cruise ships that now have greater access to polar waters as sea ice shrinks, a new report said. The ability to respond to a maritime emergency
      Bloomberg  -  300 words
    • 2607 22 AIRLINE CODES: AA: Am s (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAVv Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA
      2,607 words
    • 438 22 Reuters, Bloomberg [PARIS] China's Sichuan Airlines will become the world's first carrier to receive an Airbus built outside Europe when it takes delivery of an A320 jetliner assembled in China in July, an Airbus staff memo said. Details of the historic delivery, almost four
      Reuters, Bloomberg  -  438 words
    • TRANSPORT STOCKS
      • 106 22 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.25 0.18 0.79 0.30 0.66 0.43 0.04
        106 words
      • 36 22 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.52 8.85 8.65 2.55 2.38 0.03 unch -0.06 0.30 0.20 -0.03 unch 0.01 unch 0 300 435 323 29 30 0
        36 words
      • 12 22 ■oo ■recious Ship Jegional Cont 10.60 6.50 unch 0.10 880 71
        12 words
      • 12 22 '000 Ian Doil iingamas Cont 18.60 0.85 0.86 2542 0.07 *****
        12 words
      • 22 22 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.70 10.75 unch unch -0.10 -1.00 unch unch 304 5448 0 0
        22 words
      • 23 22 Evergreen Marine ...13.40 :irst Steamship 31.70 /Van Hai Lines 13.55 r"ang Ming Marine 8.96 unch 1.10 0.75 -0.04 5 5 4 8
        23 words
      • 36 22 '000 :awasaki Hvylnd ..166.00 -6.00 8344 :awasaki Kisen 334.00 -50.00 ***** /litsubishi Hvy 345.00 -10.00 ***** /litsui Eng&Sbldg...140.00 -9.00 6713 /litsui OsR Lines 527.00 -73.00 ***** lippon Express 327.00 -17.00 4806 lipponYusen 430.00 -81.00 *****
        36 words
  • Page 22 Miscellaneous
    • 381 22 CRYPTIC CROSSWORD ACROSS 7 Result of observing line on petals (9) < K M* Bs Be 8 Tory leader gets fine wine (5) 10 After term in gaol prisoners I need breaks (4,4) l j 11 Vigorous ambassador of aes- H__HH__HH__BB ,<^H__fl^_PH__H thetic tastes (6) M° 811 I 12 Some
      381 words

  • SINGAPORE STOCKS
    • 9114 23 Week ended: Jan 30 52-wks Tel High Low Code Company Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil 52-wks Tel Hiqh Low Code Last Sale Vol Week Last Quote Div GrYld Net ('000) Hiqh Low Buyer Seller C'vr
      9,114 words
    • 1685 24 Hil Low Code Coi Sale COOP) Hi; Low Bi Seller Cvr P/E fmfi 20 5 1181 s AAGrp 32 16 8538 s APStrategic 5 1 1501 s Advanced System 17 2 3480 t Adventus 38 12 3518 s Afor 22.8 2.7 1524 s Alantac 20 3.5 7814 s
      1,685 words
    • 71 24 52-Wk Tel High Low Code Last Sale Vol C000) Week ih Low Last Quote Buyer Seller Div GrYld Net MCap Cvr P/E $mil Comi _H|< ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 IS S&P500 ***** ***** 6170 SPDRS 335
      71 words
    • 247 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      247 words
    • 104 24 lapitaLand 2.400 -0.060 lapitaMall 1.600 +0.050 lityDev 5.670 -0.030 losco Corp 0.790 +0.010 IBS Grp 8.820 -0.280 :&N 2.880 -0.070 Sent Intl 0.435 +0.005 iolden Ac I ri 0.310 +0.020 HK Land 2.140 -0.010 JMH 19.820 -0.020 JSH 10.160 -0.020 Jardine C&C 10.800 Keppel Corp 4.050
      104 words
    • 83 24 Up Down Unch Up Down Unch Up Down Unch lulti Ind 10 2 4 0 0 0 10 lanufacturine 68 51 48 71 54 57 Lommerce 22 18 19 25 24 22 /St. ir/G ems 19 12 21 12 :inance 31 31 Lonstruction >ro] 24 10 24
      83 words
    • 117 24 MAIN SDQ TOTAL MAIN SDQ TOTAI lulti Ind 154.440 64.440 188.596 188.591 lanufacturine 501.273 10.714 511.987 368.689 718 369.407 lommerce 162.260 32.048 194.308 182.103 4.530 186.633 "pt/Stor/Comms 271.341 1.527 272.868 518.063 92 518.155 :inance 123.549 123.549 875.901 875.901 lonstruction 55.412 1.598 57.010 3.011 30 3.041 'roperties 201.907
      117 words
    • 2793 24 mnsaction date: Jan3o For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG Vol ■000 HK$ Aeon Credit Aeon Stores Angang Steel Anhui Conch Anhuiexpressway Asia Satellite Asm Pacific Bank Of E Asia Beida Jade Bird
      2,793 words
  • Page 23 Advertisements

  • Page 24 Advertisements
    • 35 24 Insiders'trades. Brokers'recommendations. Dividend table. Tiir Dl IflMrrr TllViirf The pages also cover transactions by directors and substantial I M t DU jllMt J J I HVIt J shareholders. In other words, news you can use.
      35 words

  • FINANCE & COMMODITIES
    • 367 25 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 30 World Index Preliminan 632.0 -1.3 -44.2 -1.4 -44.3 -1.8 -47.1 EAFE Preliminai 608.0 -1.3 -45.7 -1.8 -48.1 -2.2 -50.5 Euroj Preliminan 854.8 -0.7
      367 words
    • 131 25 As at 9am Jan 30 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9650 0.9970 .an dollar 1.2220 1.2370 Euro 1.9340 1.9570 NZ dollar 0.7630 0.7810 iterlini ind 2.1320 2.1571 US dollar 1.5000 1.5170 Local dollars to 100 units of foreign
      131 words
    • 172 25 Jan 30 *L Offer Bid Overnight 1/4 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 3/16 US$ Offer 3/16 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 0.35 0.60 1.10 1.50 1.90 2.20 2.40 Offer 0.25 0.40 0.80
      172 words
    • 23 25 Jan 30 ten Hii Sett STI IIMSCI Feb 211.0 212.7 211.5 "aiwan Feb closed Source: MF Global (S) He. Ltd
      23 words
    • 20 25 Jan 30 Bid Offer -month 1.5072 1.5085 1.5065 1.5080 {-months 1.5060 1.5076 >-months 1.5051 1.5069 Source: OCBC
      20 words
    • 193 25 Jan 30 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Feb 09 150.0 Mar 09 AprO9 153.2 MayO9 152.5 JunO9 151.6 Jul 09 152.0 148.0 150.2 151.5 151.5 151.5 148.0 149.0 150.2 151.5 151.5 151.5 125 17 29 68
      193 words
    • 90 25 Jan 30 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****Z 30.04.09 1-Year BY*****V 02.11.09 0.34 0.48 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000
      90 words
    • 103 25 Jan 30 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 980.00 970.50 989.50 965.00 May 09 986.75 977.75 996.00 973.00 Jul 09 993.75 985.00 1003.25 979.50 Aug 09 990.00 980.00 996.50 983.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 32.73 32.37 32.89 32.13
      103 words
    • 77 25 CRUDE OIL PRODUCTS Jan 29 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 44.79 0.63 WTI (Near Mth) 41.72 -0.36 Dubai (1-Mth F) 43.45 0.28 Tapis blend 47.60 0.20 Minas 44.25 0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 45.77 58.00 1.22 1.40 US$/barrel Opec Oil
      77 words
    • 462 25 Jan 30 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.791 4.416 0.501 5.008 31.634 73.443 0.578 8.907 2.330 1.261 51.071 30.520 0.973 6.540 0.747 21.742 22.549 0.454 0.646 Canada 1.263 5.580 0.633 6.327 39.968
      462 words
    • 78 25 Jan 30 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs 1.***** 7yrs 2.***** 10yrs 2.***** 12 yrs
      78 words
    • 156 25 Jan 30 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9727 0.9743 0.6454 0.6459 Canadian dollar 1.2293 1.2306 0.8157 0.8159 Euro 1.9434 1.9457 1.2895 1.2899 NZ dollar 0.7712 0.7723 0.5117 0.5120 Sterling 2.1448 2.1471 1.4231 1.423. US
      156 words
    • 133 25 Jan 30 /oz) Ian Ian Jong Kong .ondon 916.70 876.80 917.70 877.80 Jan 29 Jan 30 897.45 921.05 899.05 923.05 Source: Thomson Reuters CAST BAR (SS) Jan 30 Buying Selline Kilobar "46,768.63" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm JOgm OOgm oz ozUBS Kinebar™
      133 words
    • 69 25 Jan 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1316.00 3 months 1349.00 1332.75 1366.00 Copper, Grade A (US$/tonne) Cash 3 months 3119.00 3155.00 3193.50 3230.00 Lead (US$/tonne) Cash 1115.50 3 months 1120.50 1136.00 1140.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 61 25 Jan 30 COCOA (£/tonne) Close Prev Hii ih/Low Mar 09 1995 2023 2011/1977 May 09 1979 2002 1990/1960 Jul 09 1973 1992 1982/1954 SepO9 1966 1977 1965/1945 COFFEE (US$/tonne) Close Pev High/Low SUGAR (US tonne) White Close Prev Hig gh/Low Mar 09 373.5 368.7 377.0/369.5 May 09 369.1 366.3
      61 words
    • 65 25 Jan 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Feb 09 1751 1780 1790 1744 118 3950 MarO9 1735 1768 1789 1725 1679 ***** Apr 09 1745 1779 1787 1720 ***** ***** May 09 1721 1780 1784
      65 words
    • 287 25 Jan 30 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.9150 98.9700 98.9400 98.8100 ***** 4163 4099 1654 EUROYEN TIBOR FUTURES MarO9 99.330 99.340 JunO9 99.435 99.440 SepO9 99.480 99.495 DecO9 99.455 99.455 Mar10 Jun10 Sep10 Dec10 99.330 99.435 99.480 99.455 99.340 99.445
      287 words
    • 2437 25 BONDS WARRANTS lei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Prem Expiry Disc Gear- Mths ing Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTW*****9 0.5 1 17 156 1.50 1 87 1358 12.00 43 19 5092 Asia Environment W*****4 0.5 unch 1000 1 38 250
      2,437 words

  • Page 26 Advertisements
    • 2816 26 m The Business Times ummm Shipping times I WAN HAI INTERNATIONAL PTE LTD *****4695M m muuumm W*m mmmmm^miMi^i^^wsm^a^^ I l%Txvi\ iaiam uai imrr te*****1588 (14lines> fax:6224H63 mm mMSmO^ilSMmKBtSi^aEwlMM I \\^^B I WAN HAI INt J FKL TEL: <03| *****888 FAX: (03) *****283 PEN TEL: <04) *****00 FAX: (04)*****99 mCII M^fllCC?Sl
      2,816 words

  • Page 27 Advertisements
    • 3616 27 r^VHHEE||^S9iH^I n~E~ EASTERN CAR LINER, LTD I[@ SJSiJ r//^ K^f^jjß |f-™^-l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS~| WEEKLY EXPRESS SAILING SCHEDULE l|Utt£yUlttlfifl I VOY I Romp(KT) I Lillinq(KT) I MUA I SIN 1 PKL f LCB )KT I SUR ~l IllilailUiliUiUflffilili^^ PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc
      3,616 words

  • BizIT
    • 947 28 Company plans to increase investment in Singapore this year, reports AMIT ROY CHOUDHURY DESPITE the challenges faced by the global economy in the second half of 2008, information management and data storage vendor EMC's APJ (Asia-Pacific, including Japan) operations delivered a record US$l.6
      947 words
    • <what's up>
      • 105 28 COMING soon from Nokia: a trio of candy bar mobile phones with looks that hark back to the Finnish phone maker's earlier classic phones. The Nokia 6700 classic features a 2.2-inch screen, 5-megapixel camera, FM radio, assisted GPS navigation, HSPA and Bluetooth support. The Nokia 6303
        105 words
      • 62 28 SONY'S Memory Stick Micro (M2) the popular flash memory card format used in portable devices such as mobile phones now comes with a storage capacity of 16GB. Available in Asia-Pacific from this month, it can be purchased with or without a USB adapter bundle and
        62 words
      • 83 28 THE new Plantronics Voyager 835 Bluetooth Headset comes with noise cancellation technology that claims to defeat restaurant crowd chatter, loud car air-conditioning and other real world background noises that are the bane of phone conversations. Weighing a light 12g, the headset comes with multi-point technology, which
        83 words
      • 63 28 SOUTH Korea's LG Electronics has appointed a new managing director for Singapore. Veteran staffer Jeff Cheh Jin Hak has taken over at the helm from Jae Bae. Mr Cheh, who will be based in Singapore, will oversee LG's sales, marketing and operational functions in Singapore,
        63 words
      • 60 28 US networking gear maker Cisco has promoted Christian Hentschel to managing director of emerging countries in Asia, a role which covers Indonesia, Philippines, Thailand and Vietnam. Mr Hentschel, who joined Cisco in 1997, was previously Cisco's director for commercial, marketing and channel operations in Asia.
        60 words
    • 308 28 By AMIT ROY CHOUDHURY PHILIPS Electronics Singapore has appointed Wong Lup Wai as its new chairman and chief executive officer with effect from Feb 1, 2009. Mr Wong is the second Singaporean to lead Philips in Singapore since the company set up its operations here
      308 words
    • 611 28  -  WINSTON CHAI By' A NEW software package that was touted to simplify the business processes of mainboard-listed gadget superstore Challenger Technologies is said to have ended up complicating its operations instead due to a host of claimed defects. To recoup its investment, the
      611 words
    • 631 28  -  ONG BOON KIAT &lt;cool stuff&gt; Panasonic Toughbook CF-F8 is pricey but the workhorse's ability to withstand rough use gives invaluable peace of mind By THE Panasonic Toughbook CF-FB, like its brawny siblings in the Japanese electronics giant's "busi-ness-rugged" laptop PC family, has been prominently
      631 words