Today, 17 December 2008

Total Pages: 48
1 48 Today
  • 10 1 TODAY Wednesday December 17, 2008 www.todayonline.com we set you thinking
    10 words
  • Article, Illustration
    39 1 China's 30 years At a dialogue session in conjunction with the 30th anniversary of reforms in China, Minister Mentor Lee Kuan Yew lauds China for having acted in a "sober" manner during the current financial crisis. Page 4
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  • Article, Illustration
    28 1 Maria Siow Three decades into China's economic reforms, it is clear that greater innovation is needed for further development, says our East Asia Bureau Chief. Page 19
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  • 25 1 Egg on their faces How did Wall Street's top cop, the SEC, miss so many warning signs, asks The New York Times. Page B5
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  • 935 1  -  ALICIA WONG SUFIANSUDERMAN AND alicia@mediacorp.com.sg HE GOT drunk at a friend's house and ended up taking off all his clothes in the bathroom. "The next thing I knew," said student Mervyn Lee, 19, "I woke up in my friend's bed wearing a fresh pair
    FAIZAL  -  935 words
  • 786 1  -  CHEOWXINYI ESTHER NG RECESSION POLICYMAKING Guidelines tweak in Jan; GDP growth to come in under 2.5% AND cheowxinyi@mediacorp.com.sg IF THE quest to arrest the global economic recession were likened to a game of chess, this is one match where policymakers are forced to think fast
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  • Page 1 Miscellaneous

  • NEWS
    • 242 2 AP WEB SECURITY SAN FRANCISCO In what is potentially the most widespread and serious threat in recent years to Internet security, users of all current versions of Microsoft's Internet Explorer (IE) browser are vulnerable to having their computers hijacked because of a major flaw in the
      AP; FAIZAL  -  242 words
    • 378 3  -  ALICIA WONG YOUTH HEALTH HPB puts out tender to make health issues sexy to youth in the coming year alicia@mediacorp.com. sg THE issues, all concerning young people's health, are important ones, but how do you make the "unsexy" message heard? Some solutions: Through shop-a-thons and a
      TODAY FILE PHOTO  -  378 words
    • 448 4 MINISTER MENTORON The past: Suzhou "The first few years in Suzhou were extremely troublesome years. We were on two different wavelengths. When we went in, what Beijing wanted was for us to transfer to them knowledge and methods by which they could build an integrated township. But what Suzhou wanted
      448 words
    • 460 4  -  ANSLEYNG MM ON CHINA'S REFORMS MM also lauds China for vsober'handling of financial crisis ansley@mediacorp.com. sg RECENTLY, leaders of Russia, China, India and Brazil countries now with the largest cash reserves met at the Group of 20 Summit and asked if China, with
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    • 652 6  -  NEOCHAICHIN RETRENCHMENTS Pressure on job-seekers mounts, as 1,933 flock to Downtown East job fair chaichin@mediacorp.com.sg IT WAS a double whammy in a span of three weeks first, Madam Habibah Mohd Ali, 43, was retrenched, and then her husband, too. With four children aged 13 to 21 still
      001 BOON KEONG  -  652 words
    • 332 8  -  HEDIRMANSUPIAN GAMING SECTOR MDA, Microsoft help lower barriers to game development and commercialisation hedirman@mediacorp.com. sg GAME developers here will now be able to create games using free software and publish them on an established online marketplace. They also get a chance to apply for a $50,000 grant
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    • 490 10  -  ESTHER NG TSUNAMI EFFECT Two-year study finds that landmasses and shallow waters protect Singapore from tsunamis estherng@mediacorp.com.sg IN THE worst-case scenario, waves would lap the waists of beachgoers should a tsunami hit Singapore. And residences would not be affected as flooding is only expected to affect
      NANYANG TECHNOLOGICAL UNIVERSITY  -  490 words
    • 408 10  -  YASMINEYAHYA 938 LIVE yasmineyahya@mediacorp.com.sg DESPITE the recession, the saga over the Gillman Heights en bloc sale continues, as some minority owners from the 608--unit development off Alexandra Road take their fight to the highest court to block the sale. The
      938 LIVE  -  408 words
    • SINGAPORE ROUNDUP
      • 119 12 938 LIVE The Punggol East Citizens' Consultative Committee is expanding its food aid scheme to help needy residents cope with the downturn. Eligible families will get food subsidy packages worth more than $30 every month. This year, North-east CDC and the area'sTaoist Association contributed $20,000 each
        938 LIVE  -  119 words
      • 206 12 CHANNEL NEWSASIA The wife of Singapore's former National Kidney Foundation chairman RichardYong was back in a Hong Kong court for sentencing yesterday after pleading guilty to money laundering. Madam On Shu Kio's case has been adjourned until Friday as the judge needs
        CHANNEL NEWSASIA  -  206 words
      • 108 12 At 2am yesterday, a Malaysian-registered refrigerated truck aroused the suspicions of Immigration and Checkpoint Authority officers at the Second Link. The officers noticed that boxes of frozen fish, each weighing about 20kg, had been stacked to the top of the truck, making it difficult to check
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    • 383 12  -  ONG DAI LIN GREEN BUSINESS Competition will help companies increase exposure to investors dailin@mediacorp.com.sg WHILE most enterprises are finding it difficult to secure financing these days, one investment banking boutique is seeking business plans from companies that need help turning green ideas into reality.
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  • Page 2 Advertisements
    • 196 2 THINK SUCCESS. THINK ]VH)IS Take the Next Step to SKr Banking and Finance O Banking and Wealth Management V?rP/)TPr -BankingandlnvestmentWealth V^l COICI JUUWCN. Business and Management Business and Marketing Communications Management Entrepreneurship International Business Marketing School ol Life Sciences •Biomedical Sciences Pharmaceutical Management jj^k B^" Good Manufacturing Practices and Quality
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 158 4 jpif m> j-V 'I r'j r rj C W -J—iJ J -J-J I'M TjUO Ijm, win ijj"/ Dates: 18 December 2008 (Thurs) 7pm f DEtCR|pnOM [..p,,^,.-^^ 20 December 2008 (Sat) 4pm h 3 Pre-LASIK Evaluation Venue: The Lasik Surgery Clinic SeSultant 290 Orchard Road #13-01/06 (Yo u may choose your
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  • Page 4 Miscellaneous

  • Page 5 Advertisements
    • 151 5 'With purchase of any Cathay Pacific or Dragonair air tickets with your UOB China Unionpay Platinum Card at UOB Travel." Complimentary one-way Mercedes cab transfer from your home to Changi airport when you charge a minimum 553,500 to your UOB China Unionpay Platinum Card. UOB Travel terms and conditions apply.'"
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  • Page 6 Advertisements
    • 173 6 ERC NOT JUST INSTITUTE ANOTHER MBA PROGRAM! Learn From Some of The Top Business Titans As You Study! f jflli^ I Even t^lough tne MgA is the mark of distinction in the business world, you will need a lot more to succeed in this *■?><! highly competitive world. We will
      173 words
    • 162 6 Remember your last holiday without the expensive hotel bills? We know the feeling. That's why at Holiday Inn we want to spoil you and your family with our great room rates. And don't forget, kids stay and eat free. Relax, it's Holiday Inn. Holiday Inn Holiday Inn Holiday Inn Glenmarie
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  • Page 7 Advertisements
    • 477 7 Panasonic ideas for life I_LJ MIX G The New Generation of Digital Interchangeable Lens Camera I wsririotlmiilni J)r M H^^H^V Lumix DMC-G1 r Aqdeußoq-oqcj q.noqe >ML|j_ nox Ab/v\ sqci aßusL|3 Great photography is no longer just for the professionals Is it true that only a professional photographer armed with an
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  • Page 8 Advertisements
    • 75 8 TOSHIBA MADE-IN-JAPAN Toshiba Multi-Inverter and Digital-Inverter Outdoor Units are designed, manufactured and quality assured at the Toshiba Fuji Factory in Japan. INVENTOR OF INVERTER Toshiba leads the innovation of Inverter technology since 1980 when we invented the World's First Inverter Custom Aircon. HIGHEST ENERGY RATING Toshiba is one of the
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    • 209 8 1 j- nI It may sound crazy, but most people do not realise H that economic slowdowns and financial crises are v' where fortunes are really made. It was the last two crashes of 1998 and 2002 that gave Adam the opportunity to make It his first $1.5 million; by
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  • Page 9 Advertisements
    • 302 9 lets you know what's going on even when you're not at home. il Curious what's happening when you're not around? With M 1 Mobile Cam, you can How to Subscribe easily see it on your 3G mobile phone anywhere and anytime. To sign up, visit Simp y sign up for
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  • WORLD
    • 426 14 AGENCIES THAI POLITICS Democrats say government will focus on boosting economy BANGKOK Thailand's new Prime Minister Abhisit Vejjajiva began working on his cabinet line-up yesterday as hundreds of police stood guard against protests by angry supporters of the old government. Mr Abhisit's Democrat Party won over
      AGENCIES  -  426 words
    • 208 14 AFP PARIS French police discovered five sticks of dynamite yesterday in a Paris department store after AFP news agency received a letter from an unknown group threatening attacks unless France pulls its troops out of Afghanistan. Police cordoned off Printemps Haussmann store and
      AFP  -  208 words
    • 260 16 AP KUALA LUMPUR Police have detained more than two dozen teenagers taking part in a protest over low wages that involves a mass bicycle trek across Malaysia to deliver a petition to the Prime Minister. The 28 teenage riders were detained on Monday
      AP  -  260 words
    • 342 16 AP MALAYSIAN LAW Programme is part of effort to stamp out graft and dangerous crime KUALA LUMPUR The Malaysian government yesterday proposed a witness-protec-tion programme to encourage whistle-blowers to come forward, in an effort to stamp out graft and dangerous crime. Law Minister Nazri Abdul Aziz
      AP  -  342 words
    • 478 16 AFP SIX South-east Asian nations signed trade agreements in Singapore yesterday, paving the way for a single market in the region, pressing on with the pacts despite the postponement of a key summit. The economic ministers of Brunei, Cambodia, Indonesia, Laos,
      AFP; AP  -  478 words
    • 268 18 56 ethnic groups 1 big family AP NATIONAL UNITY China to standardise ethnic harmony classes BEIJING China has issued guidelines for ethnic harmony classes in schools, underscoring the importance Beijing places on national unity in a year marked by turmoil in its far flung minority regions. Classes will begin in
      AP; GETTY IMAGES  -  268 words
    • 180 18 AP BEIJING Substances commonly used as industrial dyes, insecticides and drain cleaners were included on a list of illegal food additives China released on Monday as part of a government crackdown aimed at improving the country's shoddy food safety record. The Ministry of Health said that
      AP  -  180 words
    • 154 18 AGENCIES BEIJING —Authorities in eastern China have killed more than 300,000 fowl after bird flu was discovered in chickens, the Agriculture Ministry said yesterday. Veterinary officials in Hai'an county and the city of Dongtai, both in Jiangsu province, said chickens in the two
      AGENCIES  -  154 words
    • 668 19  -  MARIA SIOW TODAY IN CHINA east asia bureau chief mariasiow@mediacorp.com. sg Innovation is instrumental to further development EVEN as China celebrates its 30th year of economic reform this month with a mass nostalgic movement and a congratulatory pat on its back, it is also addressing some
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    • 390 21 CHRISTMAS PAYOUTS NEW YORK With the current business environment in the doldrums, the days of US$lO-, US$2O- and even US$3O-million CEO bonuses are over but for how long? Even though Merrill Lynch CEO John Thain put in an audacious request for a US$lO-million ($l4 million) bonus
      BLOOMBERG I  -  390 words
    • 211 21 AFP SRINAGAR (India) The Islamic militant group blamed for last month's attacks in Mumbai vowed yesterday to continue its armed struggle against India's hold over a part of the Muslim-majority region of Kashmir. A spokesman for Lashkar-e-Taiba (LeT) repeated the group's denial that
      AFP  -  211 words
    • 194 21 AP JAKARTA A lawmaker in eastern Indonesia said yesterday his province may scrap plans to tag HIV/Aids patients with microchips, following strong opposition from government officials, health workers and rights activists. Mr John Manangsang, one of the biggest supporters of the controversial
      AP  -  194 words
    • 179 22 AP LONDON Madonna has settled her divorce with ex-husband Guy Ritchie by also parting with at least £50 million ($112.3 million), the singer's spokeswoman said. Ms Liz Rosenberg said the settlement was in the range of £50 million to £60 million as
      AP  -  179 words
    • 551 22 Qian Hu is a firm favourite with families seeking a rustic retreat For a growing group of Singaporeans, Qian Hu Fish Farm is a family destination of choice. Mr Alex Chang, a 38-year-old research scientist who visits Qian Hu with his extended family approximately twice a
      551 words
    • 134 22 AFP Caroline Kennedy, the only surviving child of slain president John F Kennedy, has confirmed her desire to enter the United States Senate. Ms Kennedy, who has never held public office, said she was throwing her hat in the ring to replace Hillary
      AFP; AP  -  134 words
    • 218 22 AGENCIES US ENVIRONMENT CHICAGO United States President-elect Barack Obama yesterday named his energy and environmental chiefs, and vowed a new dawn for US leadership in combating climate change after eight years of Republican foot-dragging. Mr Obama said he was determined to "move beyond our oil
      AGENCIES  -  218 words
    • 297 23 TOURISM IN DUBAI Versace to create landmark project; move likely to anger environmentalists DUBAI Fashion house Versace is set to create the world's first refrigerated beach in Dubai. The beach will be located beside the new Palazzo Versace hotel which is being built in the
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    • 301 23 AGENCIES WASHINGTON In a ruling which could pave the way towards huge lawsuits against tobacco firms claiming billions of dollars, the top United States court on Monday said smokers can sue over the allegedly deceptive marketing of "light" cigarettes. The case involves three residents from
      AGENCIES  -  301 words
    • EYE ON THE WEB
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  • Page 14 Miscellaneous

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  • Page 21 Advertisements
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  • Page 22 Advertisements
    • 4 22 Brought to you by
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  • Page 23 Advertisements
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  • Page 25 Advertisements
    • 158 25 fcfe^Vfc® YUN NAM® FlliUFl n 111 111 H A I R C A R E She's Got The Face! She's Got The Hair! "I had frequent breakouts due to my sensitive skin. "My dandruff problem caused my confidence to dip But thanks to New York's results-driven skin treatments, severely and
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  • voices
    • 320 26  -  Heng Chee How RETRENCHMENT AND RETRAINING Jobs are available for those who upgrade their skillsets Letter from Deputy Secretary-General, NTUC I REFER to Conrad Raj's column, "Tap the stored fat" (Dec 15). Mr Raj asked if NTUC has gauged the type and quality of the
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    • 363 26  -  Glen Yang Letter from ACCORDING to Ms Jenny Teo from the Energy Market Authority (EMA), "While the fuel cost has come down due to the decline in fuel oil price, the non-fuel cost, which includes the operating and capital costs of the power plant,
      363 words
    • 142 28  -  DR BILL MAIER BY ROY LET BOYS BE BOYS Any mother can tell you that boys and girls are wired differently. Most little boys are naturally drawn toward laser guns and action figures. They'd rather play race cars and rocket ships than eat ice cream. Well
      142 words
    • 347 28  -  EeTeckSiew PROPERTY SALES Such checks would minimise impact of sudden economic downturn on investors Letter from MANY Singaporeans who bought properties during the boom years have since been caught up by the sudden financial turmoil and found themselves in a bind as the property market has
      347 words
    • 214 28  -  Derrick D'Souza Letter from I REFER to recent reports on investments made by the management committees (MC) of Town Councils and other bodies. I would like to address concerns on the responsibility and authority of the MCs in their stewardship of cash reserves that
      214 words
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    • 5 26 HAVE YOUR SAY. news@ newstoday.com.sg
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  • Page 27 Advertisements
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  • Page 28 Advertisements
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  • plus
    • Article, Illustration
      926 30  -  GENEVIEVE LOH THE PLUS SIDE OFTHE CRISIS With the economy taking a nosedive, we checked in with two local directors to see if their budgets took a hit, too genevieveloh@mediacorp.com.sg IN TIMES as troubled as these, everyone's finding ways to cut costs and save a few bucks. A holiday
      926 words
    • 1063 31 Take the example of Mr W L Eng, Managing Director of Adiwarna Industries Pte Ltd, a local manufacturer of aerosol products for a wide range of industrial applications, who had set his sights on India. "The first time when we wanted
      1,063 words
    • 317 31 Enterprise One (One Network for Enterprises) is a joint effort by government agencies to help enterprises find assistance to start, sustain and grow their business. It is managed by SPRING Singapore and offered through: Enterprise One Portal www.business.gov.sg Provides comprehensive government information and e-services for businesses. It
      317 words
    • 297 32  -  GENEVIEVE LOH THE PLUS SIDE OF THE CRISIS Raintree Pictures has a happy strategy for 2009 THE looming recession is not all doom and gloom if you have a sense of humour. "Here at Raintree, we've always been very poor, even in good economic times. We're
      297 words
    • 380 34  -  MAY SEAH RECESSION RESPITE Borrow a movie from Play! with your thumb and IC may@mediacorp.com. sg WHO says there's no such thing as a free lunch? Okay, so the folks at Play! Entertainment aren't offering hot meals, but they are offering to
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  • Page 32 Miscellaneous
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    • 651 34 :Wi k rJbll It YW*S EJFWt^H SEX DRIVE (mis) THE DAY THE EARTH THE DAY THE EARTH BODY OF LIES (N(i6li(si I THE DAY THE EARTH ROLTrr!^""^ 11:00 am, 3:oopm, STOOD STILL (CS) STOOD STILL (G)* 9:4opm STOOD STILL «s» nnnm l-«nm 5:10,7:20,9:30 11:05 am, 12:00pm, 1:10, 11:05 am, 12:10,1:10
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  • Page 34 Miscellaneous

  • Page 35 Miscellaneous
    • 1076 35 TV LISTINGS ONMEDI AC OR P -g-- 9NM "E |D! AC 0R P LIFE IN COLD BLOOD AFF SUZUKI CUP 2008 Sophisticated Serpents S.ooAM Entertainment Tonight S.oo Entertainment Tonight MN The Tyra Banks Show 111 Semi Finals: Vietnam VS Singapore (lSt 5.30 Prime Time Morning 5.30 Wednesday Night Movie Kirn
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  • sports
    • 630 36  -  ASEAN CHAMPIONSHIP Champions count on surprise strike partnership for goals against Vietnam AFF Suzuki Cup 2008, semi-final Ist leg Vietnam v Singapore My Dinh Stadium, 7.55pm, live on Channel 5 SHAMIR OSMAN in hanoi shamir@mediacorp.com.sg GOING into the tournament, goalscoring was supposed to give Singapore
      KOH MUI FONG  -  630 words
    • 359 36  -  SHAMIROSMAN Many of the experts and even a number of local pressmen here rate Singapore as the favourites, ahead of tonight's first leg of the AFF Suzuki Cup 2008 semi-final between hosts Vietnam and the defending champions. After all, Vietnam have never
      359 words
    • 162 37  -  TANYO-HINN SINGAPORE'S oldest national record in athletics has finally fallen. Last night, hurdler Abdul Hakeem Abdul Halim re-wrote the 110 m hurdles record when he clocked 14.45 sec to clinch silver at the 14th Asean University Games (Dec 10-21) at the Bukit Jalil Stadium
      WEETECKHIAN  -  162 words
    • 505 37  -  LOW LIN FHOONG COUNTDOWN TO 2010 Hosts eye more than wildcard spots for Youth Olympics linfhoong@mediacorp.com.sg TRACK and field and swimming are traditionally the two biggest events of multisport jamborees like the Commonwealth Games, Asian Games and Olympic Games. It will be no
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    • 342 37  -  TANYO-HINN From Aug 14-26, 2010, 603 medals from 201 events will be handed out at the first Youth Olympic Games. While Singapore are not expected to finish high up any medal tally, the hosts are aiming for a respectable performance
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    • 193 38 AFP BLACKBURN Paul Ince's (picture) short-lived career as Blackburn manager ended yesterday when he was fired afterarunof 11 Premier League matches without a win left the club in the relegation zone. Although Ince started with three wins in his first five league games,
      AFP; GETTY IMAGES  -  193 words
    • 450 38 AGENCIES Man United star Ferdinand says title target out of Gunners' range TOKYO First, it was Tottenham manager Harry Redknapp who dismissed Arsenal's chances of winning the English Premiership this season. Yesterday, Rio Ferdinandjoined in the debate, and duly wrote off the Gunners' chances. Arsenal are currently
      AGENCIES; AP  -  450 words
    • 399 39 AGENCIES Bl"ai^i g^ifjiiiui Woods unhappy with caddie's comments about Mickelson THOUSAND OAKS (California) Tiger Woods expressed his disappointment over his caddie Steve Williams' disparaging comments about long-time rival Phil Mickelson in a statement released on Monday. While the world No 1 did not say what,
      AGENCIES; V IMAGES  -  399 words

  • Page 37 Advertisements
    • 62 37 CALL NOW AND SAVE UP TO 80% WHEN YOU ADVERTISE! T This Lunar New Year, take advantage of our Golden Ox f\i COOO nOOOt advertising packages and enjoy up to 80% savings! I S vVVV itUUO I Advertise on our dynamic media platforms and usher Kw\ J MtaicmrfommsimEmmies lin a
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  • Page 38 Advertisements
    • 139 38 SPORTS BET ING WITH THE LEGAL BOOKMAKER Club World Champ I Pachuca LDU Quito I Wed, 17/12/08 6.30pml ASEAN 8 Vietnam Singapore Wed, 17/12/08 B.oopm Italian Cup Fiorentina Torino Thu, 18/12/0812.00 am Italian Cup Roma Bologna Thu, 18/12/08 4.00 am Club World Champ AlAhly Adelaide Thu, 18/12/08 3.30pm Club World
      139 words

  • Page 39 Advertisements
    • 28 39 Call our hotline 6223 5839 for a FREE no obligation discussion We offer Professional assistance for your financial problems Including Debt Management and Debt Restructuring. I www.Debtreform.com I
      28 words
    • 600 39 Venue: No 36 Newton Rd, 15th Fl, Hotel Royal (NearNoxnaMKr) Date: 18th December 2008, Preview: From 11am, Auction :12noon LCD TVs, Computers, Notebooks, IT a Multimedia Equipment, Collector's Items Stocks of New LCD TVs, Quad Core/Duo Core Computers/Notebooks, LCD Monitors, Sony/ONKYO Speakers, USB Hard Disks, Thumbdrives, MP3/MP4, Notebook Case, Handphones,
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  • Page 39 Miscellaneous

  • enterprise
    • 576 40  -  ESTHER FUNG FINANCIALCRISIS Biofuel bubble has burst but one company is still in business, thanks to SMEs esther@mediacorp.com.sg IF THERE is one lesson that entrepreneur Allan Lim has learnt from the recent financial turmoil, it's that small businesses make loyal customers. The chief executive of
      576 words
  • Page 40 Advertisements
    • 158 40 205 and 207 New Bridge Road (Chinatown MRT Exit A) •10 Sinaran Drive Square 2 #04-02 JtL 1 1 17 DEC 08-211 r *^1--I f Last chance, dornlmissrrijpu j f M f%o7* Visit Our j IXI 11% NewStoresAt: 1 m J I Clementi Centre Blk 442 #01 -93 t JurongWestßlk96o#ol-188
      158 words

  • Page 41 Advertisements
    • 131 41 v^ f>n," HSpj|liMiMpßiiiii|iiKMH 100% NATURAL fl^ of I STRETCH MARK M||ni ■I U Wit REMOVAL JriyF 4 n ml m I \U I 5 SESSIONS l»lfl i G FT SET I NOW ONLY X^mW^mW LJ I-I HWH WHM I While stocks last! I M For new customers only. I3H| DON'T
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  • BUSINESS
    • 901 42  -  STEPHEN LABATON THENEWYORKTIMES BUSINESS COMMENT THE Securities and Exchange Commission (SEC), a once-proud agency with an impressive history as Wall Street's top cop, finds itself increasingly conducting autopsies of leading financial institutions after failing, in the first instance, to perform adequate biopsies. The latest
      THENEWYORKTIMES; BLOOMBERG  -  901 words
    • 275 43 THENEWYORKTIMES SIEMENS, the German engineering giant, has agreed to pay a record total of US$l.6 billion ($2.3 billion) to United States and European authorities to settle charges that it routinely used bribes and slush funds to secure huge public works contracts around the world.
      THENEWYORKTIMES  -  275 words
    • 113 43 BLOOMBERG Mr Bernard Madoffs brokerage will be liquated by the Securities Investor Protection Corp (SIPC), after United States regulators accused him of using his investment advisory business to run a $50-billion Ponzi scheme. SIPC, a government-sponsored group that protects clients when brokerages fail, named a trustee
      BLOOMBERG; AP  -  113 words
    • 359 44 BLOOMBERG HSBC Holdings and Japanese brokerage group Daiwa Securities Group may have to raise more than $22 billion to shore up operations amid the downturn. HSBC Holdings may seek to raise about US$l4 billion ($20.6 billion) as increasing bad-loan provisions erode profit,
      BLOOMBERG  -  359 words
    • 390 44 THEDAILYTELEGRAPH CARMAKERS CRISIS Amount is triple last week's proposed rescue aid THE United States government is considering handing its ailing domestic car industry up to US$4O billion ($59 billion) in funding, as it tries to ascertain the exact extent of the companies' financing needs. The amount
      THEDAILYTELEGRAPH; BLOOMBERG  -  390 words
    • BUSINESS ROUNDUP
      • 108 45 Telecommunications company Star Hub has won two nods from equity analysts surveyed by Euromoney magazine. The 211 Asia-Pacific analysts in the poll named Star Hub as the company with the most convincing and coherent strategy, as well as the firm with the best corporate governance in Singapore.
        108 words
      • 101 45 AP Malaysia Airlines said yesterday it is in talks with a number of airlines on possible partnerships amid the global downturn. Managing director and chief executive Idris Jala said the state-owned carrier aims to "pursue strategic partnerships to create additional value" under its business transformation
        AP  -  101 words
      • 114 45 DOW JONES Keppel Corp yesterday said a unit has decided to terminate a project that has been stalled after the company that ordered the contract filed for bankruptcy. In July, Keppel Offshore and Marine said a unit lost a -€140 million ($282 million)
        DOW JONES  -  114 words
    • 255 45  -  ESTHER FUNG esther@mediacorp.com.sg MORE financial institutions and hedge funds have reported exposures to the alleged multi-billion-dollar pyramid scheme run by Bernard Madoff. In Japan, Aozora Bank's exposure to the scandal involving the once high-flying fund manager was estimated at ¥12.4 billion ($203 million), reported
      255 words
    • STOCK CALLS
      • 56 46 $1.24 I Buy BNP Paribas initiates coverage on the real estate investment trust with a $1.77 target price. The brokerage says "A-Reit is unlikely to face major refinancing hiccups due to its favourable credit metrics." A-Reit's defensive attributes such as long leases, contracted rental escalation and diversified tenant
        56 words
      • 78 46 61 cents I Outperform Credit Suisse maintains its rating for the tower crane company but cuts the target price to 95 cents from $1.05 to factor in "more conservative rental rate assumptions and sharper deceleration in the distribution business". The brokerage notes that the firm is looking at
        78 words
      • 94 46 30 cents I Hold DBS Vickers downgrades the hard disk drive maker from "Buy" and cuts the target price to 34 cents from 37 cents. It warns that Map Technology's performance will likely be much weaker than previously expected, and cuts FYOB, FYO9, FYIO net profit estimates by
        94 words
    • MARKET INFO
      • 18 46 Tuesday 1,782.09 A 0.41% Monday 1,774.86 A 1.98% Friday 1,740.34 3.00% Thursday 1,794.16 T 1.51%
        18 words
      • 27 46 iang Seng 15,130.21 A 0.55% Jikkei 8,568.02 T 1.12% lhanghai 1,975.01 A 0.54% ieoul 1,161.56 A 0.29% /lumbai 9,976.98 A 1.47% :LComp 854.80 A 0.98%
        27 words
      • 22 46 JS$i :i euro k$i !Mi $1,476 ¥100 Si.635 $2,252 HK$ioo $19.06 $2,016 RMB100 $21.56 $0,987 RS100 $3,086 $0,415 RPio,ooo $1,336
        22 words
    • 214 46 AGENCIES 3.30 AM LATEST WASHINGTON The Federal Reserve slashed its base lending rate yesterday from 1.0 per cent to virtually zero, saying that its target federal funds rate would be a range of zero to 0.25 per cent. The unprecedented low rate announced by the
      AGENCIES  -  214 words
    • 586 46  -  KELVIN CHOW BUSINESS ANALYSIS kelvinc@mediacorp.com.sg NOBODY wants to be caught in no-man's land, especially where money is concerned. But this is exactly where some investors in the Minibonds programme found themselves in, after trying to seek recourse from both the brokerages they bought the structured product
      586 words
    • 392 46 BLOOMBERG GOLDMAN Sachs Group reported a fourth-quarter loss of US$2.l billion ($3.1 billion), the first since it went public in 1999, as asset values and invest-ment-banking fees declined. The loss of U554.97 a share in the three months ended Nov 28 was wider than
      BLOOMBERG  -  392 words
  • Page 42 Advertisements
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    • 44 42 Uronly Beauty Salon Face Nail Body Wj CM Special Promotion Facial, Back Scrub Back Massage $48.00 Only T&C For first time Trial Only Special $5 for Eyebrow Threading 190 Clemenceau Avenue #05-30 Singapore Shopping Centre (opp Dhoby Ghaut MRT) Singapore *****4. Tel: 65-*****536 www.uronly-beauty.com.sg
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    • 96 42 MM COLOR CENTRE PTE LTD 4R@2o< i ni. n'4sociementi*°l-285 Digital PnOtO Tel: 6778 7614 Parkway Parade #81-56 A 9/ft fC/r Te1:*****980 LL X (QJ f 1 V '68 Serangoon Rd I W&AaJ Tel: 6298 3386 O n |y a t* 118 Sengkang #01-37 .TV*. P»«k RIUAOMI m (R"vervalePlaza)Tel: *****539 IVhBII«e»Wl-3«
      96 words


  • Page 44 Advertisements
    • 137 44 -*A Introducing Raffles' Specialty Range Your All-ln-One Formula For Your Health Needs Keep your skin clear of acne breakouts with effective, acne-fighting formula that acts from within. Raffles Derma Clear is a specialty formula that comprises a blend of vitamins, minerals, herbal and natural food supplements that effectively work together
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  • Page 45 Advertisements
    • 75 45 Christmag up to Seasonal Merchandise ddidas lacoste pumns Reebok g^ grendha ©iPANE»M/r lecoqsportifA rockport umßßa U/UOOII. The Difference* Luide: Stadium, Takashlmaya Centrepolnt Compass Point ■IMMBuIMIng Lot Ons ■Northpolnt Tamplnes Mall Sports Station, Shopping Centre Suntsc City .BukitPanjang Plaza Century Square Funan DlgltaLlfe Mall 'Junctions -Lucky Plaza Parkway Parad. Tanglin Mall
      75 words
  • Page 45 Miscellaneous


  • Page 47 Advertisements
    • 36 47 ill 3' iit! :Bi' ■Bl ij ■m'^h I s-*'-■*• -7 l^^^__ A3 »t^t <wJB*iilNWi V"~■ fp^^l** 7T» fan r I C"i^V Environment fiiva) Thank you for not smoking here! JL Our Environnrerrt Sustain end Trycy gg^gg
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  • Page 48 Advertisements
    • 828 48 I 'If:, ■"> I V' I V Centrino 21 i i^^Hlif I ■F "Buy a Dell" Power Edge" R2OO Server (R*****65G) 13.3" I and receive a FREE Microsoft" Small Business I v. WrtTl flfl y- s Server 2003 Standard Edition worth Ss7l3* OR ADDm-NALTs'u ||ADDmS'Z| -f, M,. .:rt :.t I
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