The Business Times, 13 December 2007

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    26 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg mm* a Singapore press holdings publication co regn no *****2868E mica (p) 122/12/2007 Thursday, December 13,2007
    26 words
  • Article, Illustration
    Lock icon DBS to move to swanky new 700,000 sq ft home
    625 1  -  CONRAD TAN It will be anchor tenant at MBFC Tower 3, Spores biggest commercial building [SINGAPORE] DBS Group will move its headquarters to the new and swanky Marina Bay Financial Centre (MBFC) Tower 3 in 2012. At a media briefing
    ARTHUR LEE  -  625 words
  • Article
    Lock icon Air China may try to trip up SIA's foothold in China
    596 1  -  YEN SREENIVASAN It's nervous about rival China Eastern threatening its turf [SINGAPORE] Air China yesterday fired its first salvo in what appears to be a bid to stop Singapore Airlines and Temasek Holdings buying 24 per cent of rival
    596 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      40 1 I COMP 1,423.72 -10.44 IIKKEI225 15,932.26 -112.46 IANG SENG 28,521.06 -705.78 iET INDEX 834.09 -6.36 JAKARTA COMP 2,795.84 -15.12 1ANILAC0MP 3,605.59 -66.79 iEOULCOMP 1,927.45 +2.38 iHENZHEN FJ 699.96 -12.52 IUMBAI IND 20,375.87 +84.98 11AM EDT Change 13,555.19 +122.42 )OW
      40 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.00 INDONESIA 15.538 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 7.50 CANADA 6.00 SWITZERLAND 4.01 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      39 1 IS$ (S$ ier US$) 1.442 (USS/SS per 2.041 2.943 ;URO(US$/S$/E) 1.469 2.119 'EN 111.30 77.20 3.312 2.297 IK$ 7.798 5.406 !AHT 30.20 20.94 lUPIAH 9,310 6,455 1ENMINBI 7.373 5.112 INDIAN RUPEE 39.35 27.29 1.135 0.787 IZ$ 1.275 0.884
      39 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      198 1 Wednesday Change KLCOMP 1,423.72 -10.44 NIKKEI 225 15,932.26 -112.46 HANG SENG 28,521.06 -705.78 SET INDEX 834.09 -6.36 JAKARTA COMP 2,795.84 -15.12 MANILA COMP 3,605.59 -66.79 SEOUL COMP 1,927.45 +2.38 SHENZHEN B 699.96 -12.52 MUMBAI IND 20,375.87 +84.98 DOW 11AM EDT 13,555.19 Change +122.42 NASDAQ 2,690.74 +38.39 f^k^^ l "Passione" -y^^^
      198 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      52 1 Wednesday Change KLCOMP 1,423.72 -10.44 NIKKEI 225 15,932.26 -112.46 HANG SENG 28,521.06 -705.78 SET INDEX 834.09 -6.36 JAKARTA COMP 2,795.84 -15.12 MANILA COMP 3,605.59 -66.79 SEOUL COMP 1,927.45 +2.38 SHENZHEN B 699.96 -12.52 MUMBAI IND 20,375.87 +84.98 DOW 11AM EDT 13,555.19 Change +122.42 NASDAQ 2,690.74 +38.39 FED RATE CUT d^
      52 words
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  • TOP STORIES
    • Article
      Lock icon Wall Street turns upbeat as Fed unveils liquidity plan
      783 2  -  ANDREW MARKS Fed to join forces with other Western central banks in fresh funds injection CAUTIOUS. Aggressive. Torn. Decisive. Unclear. Forceful. Take your pick. These widely contradictory words were being invoked by the very same Wall Street economists and traders over
      783 words
    • Article
      Lock icon The interest rate statement in full
      225 2 'THE Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/4 per cent. Incoming information suggests that economic growth is slowing, reflecting the intensification of the housing correction and some softening in business and
      225 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Citigroup's new CEO to fight storm with cost-cuts
        70 2 CITIGROUP'S new chief executive, Vikram S Pandit, confronts a daunting task: shoring up the entire company, which has been brought to its knees by the mortgage crisis. Mr Pandit, a native of Nagpur, India, may cut costs and sell assets to shore
        70 words
      • Article
        Lock icon Sinotel Tech's Q3 earnings surge 45.7%
        61 2 SINOTEL Technologies has reported a 45.7 per cent jump in net profit to 27.2 million yuan (S$5.3 million) for the three months ended Sept 30, while revenue rose 11.8 per cent. The wireless telecoms company posted a Q3 turnover of 77.95 million yuan, while
        61 words
      • Article
        Lock icon UOB gets nod to operate China-incorporated bank
        61 2 UNITED Overseas Bank will soon start operating in China as a China-incorporated bank, joining the ranks of the other two Singapore banking groups DBS Group Holdings and OCBC Bank. UOB said yesterday that it has received approval from the China Banking Regulatory Commission
        61 words
      • Article
        Lock icon Vietnam seeks further cooperation with S'pore
        76 2 VIETNAM sees Singapore as a "good model" for its development and seeks further cooperation with it, according to Nong Due Manh, General Secretary of the Communist Party of Vietnam. He told Senior Minister Goh Chok Tong in a meeting in Hanoi on Tuesday that
        76 words
      • Article
        Lock icon Fears of US recession overblown: IMF
        74 2 WORLD economic growth may be hobbled by financial market turmoil and the risks to the United States have mounted, said IMF first deputy managing director John Lipsky, but fears of a recession still look overdone. "Never say never, but the latest indicators do not
        74 words
      • Article
        Lock icon M'sian regulator eases rules to draw foreign listings
        58 2 TO entice foreign firms to consider the local bourse for a primary or secondary listing, Malaysia's corporate regulator is to relax the exchange's rules. Companies would be allowed to list their entire issued capital with 100 per cent full trading fungibility across
        58 words
      • Article
        Lock icon Sentosa Cove condo plot draws 3 bids
        57 2 A TENDER for the last condo plot at Sentosa Cove named The Pinnacle Collection is said to have attracted three bids when it closed yesterday, including a joint bid by Ho Bee Investment and Malaysia's IOI Group. The other two bidders are said
        57 words
    • Article, Illustration
      Lock icon Citigroup's new CEO to fight storm with cost cuts
      650 3 -NYT, Bloomberg India-born banker Pandit gets the hot seat but real battle lies ahead [NEW YORK] Citigroup, the United States' largest bank and one of the biggest casualties of the turmoil in the credit markets, appointed Vikram S Pandit as its
      -NYT, Bloomberg; BLOOMBERG  -  650 words
    • Article
      Lock icon Suitors line up to woo Tuas Power
      472 3  -  RONNIE LIM Investors seem eager to take part in great genco sale By [SINGAPORE] As early as yesterday morning reflecting the keen investor interest Temasek Holdings started receiving the first "indicative proposals" from parties interested in buying Tuas Power (TP), the first of
      472 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      73 2 people t Your search VVOrK ends here. www.thepeopleatwork.com Asia-Pacific Executive Search Jones Lang LaSallecongratulates and Marina Bay Financial Centre on the leasing of DBS Bank's new 700,000 sf Global Headquarters. Jones Lang LaSalle acted as an advisor to the transaction. Jones Lang LaSalle Markets has successfully advised clients on leasing
      73 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      110 3 Our qualified professionals f/A /"1 can assist you with offshore p| J structures, shelf companies JtMi' I and incorporations in ALL jurisdictions including: T^ffl T^f I British Virgin Islands I Cayman Islands Bahamas I Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We
      110 words
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      Lock icon Page 3 Advertisements Column 2
      114 3 1 892: sold for a boat trip 3> "5 D > v c o 'o 00 <D "O to O E E o Lien 0} C CD D O D Q_ 2006: 40.000.000* 1 fc. /V fl IHiiiliiilH Lr^ssef 111 iihl mnm BIIb^B HI i /I FJ BENJAMIN Exclusive Distributor
      114 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI sheds 39 pts after Fed's rate cut
      556 4  -  R SIVANITHY STOCKS Market hit by disappointment over lower-than-expected US quarter-point rate trimming MARKETS were either disappointed by the US Federal Reserve's quar-ter-point rate cut, or investors had already "bought in anticipation" of any rate cut and so sold on news once
      Bloomberg  -  556 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      98 4 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 5 112 0 0 0 5 112 Manufacturing 28 104 48 16 32 120 57 Commerce 10 30 22 14 36 27 Tpt/Stor/Comms 24 11 25 Finance 11 10 11 10 Construction 10
      98 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 4 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 16.307 16.307 88.029 88.029 Manufacturing 195.920 33.533 229.453 265.536 7.620 273.157 Commerce 38.185 5.521 43.706 83.958 1.216 85.174 Tpt/Stor/Comms 99.943 663 100.606 328.932 638 329.569 Finance 40.178 20 40.198 480.165 480.170 Construction 54.474 47.006 101.480
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      225 4 Stock name Wt Close Change Allgreen 0.48 1.640 4-0.030 Ascendasreit 0.81 2.300 -0.090 CapitaComm 0.48 2.420 Capita Land 4.36 6.900 -0.150 CapitaMall 0.91 3.340 4-0.020 Chart SemiCond 0.52 1.000 -0.010 CityDev 2.68 14.400 -0.300 ComfortDelGro 1.24 1.820 -0.010 Cosco Corp 2.05 6.400 -0.250 Creative Tech 0.15
      225 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      946 4  -  UMA SHANKARI Link Hi Holdings Dec 12 close: 550.35 OCBC Investment Research, Dec 12 VISIT to Link Hi plants in China: We visited Link Hi Holdings in China last week. The company specialises in manufacturing cus-tom-made precision steel pipes mainly for oil gas, automotive, and machinery use. Steel
      946 words
    • Article, Illustration
      Lock icon Carry trades shaken by Wall Street rout
      536 4  -  LARRY WEE CURRENCIES DISAPPOINTMENT over the Fed's interest rate cuts announced on Tuesday night translated into a painful turnaround for Wall Street, and triggered a volte face for the US dollar against the yen which, in turn, exacted losses on currency carry trade
      : Reuters  -  536 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article, Illustration
      Lock icon UOB SESDAQ INDEX
      3 4
      3 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      47 4 Dec 12 VALUE CLOSE 295.00-138.00 BT OB/OS BT CADI -*****.00-209.00 BT 10-day MA -*****.00 +29.00 All-SG Equities 979.14 -9.20 SG Equities Elect 103.51 -2.41 SG Equities Fin 2475.91 -31.00 SG Equities Prop 1384.83 -24.09 SIMSCI 431.97 -4.59 SIMSCI Futures 431.40 -4.40 PrimePartnersCI 255.23 -7.12
      47 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 4 VOLUME DBS MBL eCW*****4 51,473,000 SinqTelSGAeCW*****7 44,915,000 Magnus 37,334,000 DBS MBL eCW*****6 36,265,000 UOB MBL eCW*****4 30,911,000 SingTel 24,382,000 Jasper 24,292,000 Yangzijiang 23,831,000 DesignStudio 23,199,000 SGXMBLeCW*****5 23,040,000 VALUE(S) DBS Grp 164,423,850 SGX 102,679,000 SingTel 96,287,199 UOB 90,107,895 Capita Land 78,699,018 ISMSCI India 100 63,362,316 HK Land 61,474,032
      61 words
    • Article
      Lock icon RISES
      106 4 CLOSE UP 990 21.6 1.5 IS MSCI India 100 Ilo 261 21.0 8.8 StraitsAsia 318 18.0 6.0 CIMBAsean40 100US$ 1010 14.4 1.0 HLN Tech 48.5 10.0 26.0 OCBC Bk4.5%NCPS 100 ***** 10.0 0.1 ICBCCai !.93%Pref10 ***** 10.0 0.1 clA Enc 436 10.0 2.3 >emb Cor| Ind 585 10.0 1.7
      106 words
    • Article
      Lock icon FALLS
      117 4 CLOSE DOWN China H 10US$ 2170-144.2 -4.4 QUE 1380-120.0 -8.0 STI ETF 100 3645 -75.0 -2.0 GLD 10US$ 7980 -43.3 -0.4 SGX 1400 -40.0 -2.8 UOB 2010 -40.0 -2.0 STI ETF IOPV -1.0 3630.8 -35.3 :it 1440 -30.0 -2.0 iBS Gr| 2140 -30.0 -1.4 SIA 200 1810 -30.0 -1.6
      117 words
    • Article
      Lock icon CURRENCIES
      87 4 Wh lere! S$ stands Dec 12 %CHNG CLOSE FR Dec 11 YR 2007 S$ LOW S$ HIGH uss 1.4424 -0.03 1.5479 1.4363 Euro 2.1176 0.20 2.1639 1.9913 Pounds 2.9468 0.30 3.1194 2.9158 AS 1.2716 0.56 1.3555 1.1741 Yen* 1.2962 -0.64 1.3821 1.2285 Rupiah* 0.***** 0.19 0.***** 0.***** Baht* 4.2903
      87 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      242 5 FEEL THE LIFE H>^w onahigherplAne P^S^J \i 'i S1 Teiok Ayer street Experience the essence of urban living on the upper floors of The Clift. Here, two-storey -%z!&^ loft apartments set a new standard in urban dwelling. From the top most levels, a spectacular fi P \>'X^ view of the
      242 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Sinotel's Q3 net profit surges 45.7% to 27.2m yuan
      490 6  -  OH BOON PING Net profit up 93.5% to 65.5 m yuan on a nine-month basis SINOTEL Technologies has reported a 45.7 per cent jump in net profit to 27.2 million yuan (555.3 million) for the three months ended Sept 30, while
      AFP  -  490 words
    • Article
      Lock icon Will Frontline-BT deal herald more telco-IT mergers ?
      612 6  - Will Frontline-BT deal herald more telco-IT mergers ONG BOON KIAT THE reasons given by British telecom company BT Group on why it courted Singapore's Frontline Technologies, as well as those thrown up by analysts following the deal, seem so cogent that one wonders why marriages between telcos and IT service
      612 words
    • Article, Illustration
      Lock icon UOB wins its colours in China, to set up Shanghai HQ in Jan
      460 7  -  CHOW PENN NEE Bank gets nod for local incorporation, can now offer full suite of services UNITED Overseas Bank (UOB) will soon start operating in China as a Chinaincorporated bank, joining the ranks of the other two
      460 words
    • Article
      Lock icon Jasper proposes rights issue to raise $383.2m
      429 7  -  OH BOON PING FRESH from acquiring an offshore drilling business, Jasper Investments has proposed a rights issue to raise up to $383.2 million, part of which will be used to repay a bridging loan taken out for the deal. It also proposed to
      429 words
    • Article
      Lock icon SGX, Taifex sign MOU on ties
      162 7 Reuters SINGAPORE Exchange (SGX) and Taiwan Futures Exchange (Taifex) have signed a memorandum of understanding to improve ties between the two bourses. Under the MOU, both exchanges will develop a platform for information exchange on the operational and regulatory framework of their respective derivatives
      – Reuters  -  162 words
    • Article
      Lock icon Keppel unit gets Viet plant approval
      487 8  -  CONRAD RAJ First such in country will treat waste to generate electricity for Ho Chi Minh City KEPPEL Corporation is on the verge of scoring a coup, having received in-princi-ple approval from Vietnam authorities to help develop the country's first waste-to-energy (WTE) plant. The
      487 words
    • COMPANY BRIEFS
      • Article
        Lock icon HLN responds to SGX query
        53 8 HLN Technologies said yesterday it had been approached by a party expressing interest in the company, but said there was no confirmed indication if it would buy a stake in HLN. HLN's shares soared 26 per cent to 48.5 cents yesterday, prompting a query by
        53 words
      • Article
        Lock icon CapitaMall Trust raises $150m
        49 8 CAPITAMALL Trust has raised $150 million from a debt issue through its trustee. The one-year notes pay a fixed interest rate of 3.02 per cent and will mature next December. The proceeds will be used to refinance existing debt and to finance asset enhancement works.
        49 words
      • Article
        Lock icon BreadTalk buys rest of MWA
        54 8 BREADTALK Group has agreed to buy the remaining 50 per cent stake it does not already own in MWA Pte Ltd from its joint venture partner, Ristoranti Pte Ltd, for $3.8 million. MWA operates the food court at Wisma Atria and had net assets of
        54 words
      • Article
        Lock icon Nam Lee rights issue 1.3 times subscribed
        35 8 NAM Lee Pressed Metal Industries said its one-for-two rights issue of up to 151.2 million new shares at 10.5 cents for each rights share was 1.3 times subscribed.
        35 words
      • Article
        Lock icon Mainboard nod for Eastern Holdings
        34 8 EASTERN Holdings said its application to the Singapore Exchange (SGX) to transfer its Sesdaq listing to the SGX mainboard has been approved. It will announce the transfer date later.
        34 words
      • Article
        Lock icon Soon Lian IPO 7.2 times subscribed
        26 8 SOON Lian Holdings said its initial public offer of 27 million shares at 21 cents each was 7.2 times subscribed.
        26 words
      • Article
        Lock icon Courage Marine sells charter boat
        37 8 COURAGE Marine Group has sold its MV Midas charter boat to Elenbulk Shipping Ltd for US$2.5 million. It said the disposal would result in a net gain for the current financial year.
        37 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      342 6 fi]IjiJMIJJTI]J *JJJN GLOBAL EDUPRENEUR PROGRAM BOOMING $100 MILLION BUSINESS I The Sunday Times 20Aug 2006 W rn^;.rMi.-y:. uma .^-u: uu--.ju; w m*.\< 11--u; m^^-: i?TTI I THIS FREE SEMINAR CAN TOTALLY CHANGE YOUR LIFE FOREVER! I I See 'LIVE' how ordinary people with NO experience earn $10,000 over over again
      342 words
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      Lock icon Page 6 Advertisements Column 2
      18 6 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      18 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      416 7 If you are facing any of the following: Slow network or Internet access in your office Concern over the confidentiality and integrity of your data Failure to send/receive emails from important contacts Loss of productivity as a result of virus or spam attacks Uncertainty on security when transacting over Internet
      416 words
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  • Page 8 Advertisements
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      870 8 pll^ H ix] Dl I bflßMftfi!li|isSTfi H J H 12E168 w UggMLis^mmj H H Customers who celebrate their Birthday parties with us at H Hyangtogol will receive complimentary wine, cakes and fruits. H is mci eae H!t,l&mmm HYANGTOGOL S Mlt KOREAN RESTAURANT KOREAN RESTAURANT H 16J Tanjong Pagar Road, Level
      870 words
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      Lock icon Page 8 Advertisements Column 2
      68 8 SINGAPORE St. Hardware Zone gg^lfl PRICE GUIDES www.hardwarezone.com® handy Mobile-Phone Price Guide is all you need. With a click of your mouse, even details like Operator Contracts and Phone Plans will be at your fingertips. So log in now for the best Mobile-Phone Prices! md -No SGDI2BB.OO 40x480 MP10) n
      68 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S'pore a good model: Viet General Secretary
      455 9  -  CHUANG PECK MING Nong Due Manh tells visiting SM Goh that Vietnam seeks further cooperation in Hue City, Vietnam VIETNAM sees Singapore as a "good model" for its development and seeks further cooperation with it, according to Nong Due Manh, General Secretary of
      DESMOND FOO/THE STRAITS TIMES  -  455 words
    • Article
      Lock icon Hue has scope to be international convention centre
      206 9 THE Imperial Palace in Hue City is where Vietnamese emperors once used to receive foreign dignitaries. Last night, it was where Ho Xian Man, Party Secretary of Hue, met with Senior Minister Goh Chok Tong for some serious talks before dinner. The
      206 words
    • Article
      Lock icon Local brands honoured at award ceremony
      250 9 FOUR homegrown brands walked away with the top accolades at the Singapore Prestige Brand Awards (SPBA) award ceremony last night. This year, 44 local companies were recognised for their efforts in branding across four categories. And yesterday, the overall winner for each category was
      250 words
    • Article
      Lock icon Bosch invests $92m on regional HQ
      353 9  -  NISHA RAMCHANDANI EDB: Spore chosen for IP protection and availability of talent GERMAN manufacturer Bosch is investing $92 million in developing its regional headquarters in Singapore, which is expected to facilitate expansion and growth locally, in South-east Asia as well as the Asia-Pacific. Speaking
      353 words
    • Article, Illustration
      Lock icon New head for Biomedical Research Council named
      273 9 Orthopaedic surgeon Prof Lee will take over on Jan 7 CLINICIAN scientist Lee Eng Hin has been appointed executive director of the Biomedical Research Council (BMRC) of the Agency for Science, Technology and Research (A*Star) from Jan 7, 2008. An orthopaedic surgeon and
      273 words
    • Article
      Lock icon New CPF interest rates to kick off on Jan 1
      362 9 FROM Jan 1, 2008, CPF members will earn higher interest on their first $60,000 of savings 5 per cent on their Special, Medisave and Retirement Account (SMRA) and 3.5 per cent on up to $20,000 of their Ordinary Account (OA).
      362 words
    • Article
      Lock icon OCBC 'how-to' booklet to draw more customers
      279 9 OCBC Bank yesterday launched a booklet to encourage customers to visit its branches to talk to sales staff. The booklet, free at OCBC branches and on some newspaper circulation routes, includes survey findings on the things Singaporeans want the latest must-have gadgets, holiday
      279 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      913 9 EI-NETS LTD (Registration No. *****5255E) (Incorporated in the Republic of Singapore on 3 September 1999) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of EiNets Ltd (the "Company") will be held at 361 Übi Road 3, Armorcoat International Building, Ist Floor, Singapore *****4 on
      913 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Pioneers of S'pore industrialisation
      730 10  -  The furniture industry was established as early as the 1960s and is now a significant contributor to the economy, reports VINCENT WEE THE furniture industry in Singapore is long-established but little publicised. It has, in fact, been part of Singapore's economic landscape since the 1960s and
      730 words
    • Article, Illustration
      Lock icon Clear vision drives overseas expansion
      524 10  -  VINCENT WEE Aggressive R&D, stringent quality control also key FOR over 30 years, Hawaii Furnishing subsidiary Scanteak has been supplying teak furniture in Singapore. The brand started life in 1974 as a small firm and lias built itself up over the years. The company now
      524 words
    • Article
      Lock icon The S'pore cachet serves Sitra well wherever it goes
      341 10 FROM its origins as a timber trader in Indonesia to a producer of its own brands of lifestyle outdoor furniture, it would be fair to say Sitra Holdings is very familiar with all aspects of the industry. Sitra exports to 51
      341 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      94 10 Accessing market insights and industry trends have never been so easy ieConnect is a FREE online service that allows you to gain ready access to business information from content partners such as I Business Monitor China Knowledge Ernst Young Frost Sullivan PricewaterhouseCooper and more Delivered right to your desktop, ieConnect
      94 words
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      Lock icon Page 10 Advertisements Column 2
      52 10 12 =t al The Business Times SINGAPORE Singapore Singapore International a weekly industry-focused series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com hect INTERNATIONAL I ENTERPRISE
      52 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon China, US warn of protectionism as talks start
      485 11 AFP, Bloomberg [XIANGHE, China] China and the US yesterday warned each other that their booming but tense trade relationship was under threat from protectionism, as they began two days of top-level economic talks. Proposed US trade legislation was a particular risk, Vice-Premier
      – AFP, Bloomberg; AP  -  485 words
    • Article
      Lock icon US recession fears overblown: IMF
      561 11 Reuters But official says US growth outlook has become subject to greater risks [WASHINGTON] World economic growth may be hobbled by financial market turmoil and the risks to the United States have mounted, said IMF first deputy managing director John Lipsky, but fears of a
      – Reuters  -  561 words
    • Article
      Lock icon Japanese corporate bankruptcies rise on building slump, oil costs
      296 11 Bloomberg [TOKYO] Japan's bankruptcies rose at the fastest pace in four months in November as a regulation-induced housing slump and rising oil prices put pressure on companies and economic growth. Corporate bankruptcies rose 11.1 per cent in November to 1,213 cases
      – Bloomberg  -  296 words
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  • CLIMATE CHANGE CONFERENCE
    • Article, Illustration
      Lock icon Carbon plan mustn't jeopardise growth: PM Lee
      783 12  -  MATTHEW PHAN Global green effort must also allow for countries' specific circumstances ADDRESSING over a hundred heads of states and senior politicians at the United Nations high-level conference on climate change yesterday, Prime Minister Lee Hsien Loong said that a post-2012 framework for
      BLOOMBERG  -  783 words
    • Article
      Lock icon US blocking progress at Bali climate talks: Gore
      313 12 -AP [STOCKHOLM] Nobel Peace Prize winner Al Gore yesterday accused the United States of blocking progress at United Nations climate talks in Bali but said a breakthrough was possible in the final days of the conference. "Some of the reports are worrisome,
      -AP  -  313 words
    • Article
      Lock icon Gas emissions guidelines 'too ambitious'
      477 12 -AP Goals will have to wait till subsequent talks, says UN chief [BALl] Guidelines on greenhouse gas emissions cuts opposed by the US may be "too ambitious" to include in a final statement from the climate conference in Bali, the UN chief said yesterday. Drafts
      -AP  -  477 words
    • Article
      Lock icon BURSA MALAYSIA
      2347 12 VOL ('000) Dec 12 RM A&M Realty 0.95 AbricBhd 0.29 Advance Synergy 0.31 Adventa Bhd 1.47 Ae Multi Hldgs 0.29 Affin Holdings 2.58 Ahmad Zaki Resou 2.96 AicCorp 0.89 Airasia Bhd 1.87 Akn Messaging Te 0.18 Akn Technology 0.63 Alliance Financi 3.10 Aluminium Co 1.20 Amalgamated Ind 0.52
      2,347 words
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      1449 12 IN THE MATTER OF INTHEMATTEROF THE COMPANIESACT, CAP. 50 IN THE MATTER OF TH^MMPANIES INTHE MATTER OF THE COMPANIES ACT, CAP 50 INTHEMATTEROF THE COMPANIES ACT,CAP.SO AND HNTDPTE.LTD. QUEST INTERNATIONAL SINGAPORE AND INTHEMATTEROF [Formerly known as Comexindo Trading (FRAGRANCES, FLAVOURS, FOOD lunjcumnini: KEERAY (PRIVATE) LIMITED (Singapore) Pie Ltd) INGREDIENTS) PTE
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M'sian regulator eases rules to draw foreign listings
      586 13  -  PAULINE NG Companies allowed to list entire issued capital with full trading fungibility across Bursa, other bourses TO entice foreign firms to consider the local bourse for a primary or secondary listing, Malaysia's corporate regulator is to relax the exchange's rules. Companies
      586 words
    • Article
      Lock icon ICB sells stake in 811 for $211m to Temasek
      187 13 Bloomberg [JAKARTA] ICB Financial Group Holdings AG says it has sold its 20 per cent stake in a group that controls PT Bank Internasional Indonesia (BII) to Temasek Holdings for S$ 211.6 million. ICB, a Swiss investor of banks in emerging
      – Bloomberg  -  187 words
    • Article
      Lock icon Excelcom stock surges as Arab telco buys in
      523 13 Reuters But shares in rivals tumble on news of antitrust probe [JAKARTA] Shares in Indonesia's No 3 mobile phone operator, PT Excelcomindo Pratama Tbk, jumped yesterday after a Middle East firm bought a stake, but news of a new anti-trust probe in
      – Reuters  -  523 words
    • Article
      Lock icon CME not eyeing a stake in Bursa
      159 13 Reuters [KUALA LUMPUR] Chicago Mercantile Exchange (CME) is not seeking to buy a stake in Bursa Malaysia in their current discussions on a possible collaboration, the Malaysian stock exchange operator said yesterday. Bursa had said on Monday it was in talks with the
      – Reuters  -  159 words
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  • INDIA
    • Article
      Lock icon India's output growth in Oct fastest in 7 months
      473 14 Bloomberg Onset of festival season and rising incomes spur consumer spending [NEW DELHI] India's industrial production grew at the fastest pace in seven months in October as the onset of the festival season and rising incomes spurred consumer spending. Production at
      Bloomberg  -  473 words
    • Article
      Lock icon IT offshoring: India is still tops but others catching up
      312 14 -AFP [BANGALORE] India remains the top destination for companies moving information technology services to lowercost economies, but China, Russia and Brazil are catching up, said a report released on Tuesday. Research firm Gartner also said offshore spending will grow 60
      -AFP  -  312 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      7719 14 UNIT TRUST FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 1.06/ Star Europe Bond 1.207/ Star Europe Bal 1.249/ Star Asian Tiger Eqty 1 JOS/ Star Asia Bond 1.243/ Star Asia Balanced 1.08/ Star Global Technology Fund!" 0.235/ Multi St Fd 0.936/ Star Asia Bond(USD 0.863/ Gib Multi St
      7,719 words
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      72 14 Allianz Global Investors one of the world's largest asset managers with more Allianz (Hi) than US$l.2 trillion assets under management as at 31 December 2006. G,obal lnvestors company regn. no *****7169Z A HEALTHY PORTFOLIO NEEDS A BALANCED DIET jtf^N **>*|c*?^'.-;?",-^^^ wfjfra or a PersP ective on how balancing your portfolio
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  • GREATER CHINA
    • Article
      Lock icon Market's dive tests China's fund managers
      625 15 Bloomberg More than half have less than 2 years' experience; a third, not even one year [SHANGHAI] Zhao Zifeng helped investors double their money in his first six months of managing the Sitico Morgan First Growth Fund. The streak ended in October as a
      Bloomberg  -  625 words
    • Article
      Lock icon November retail sales growth sizzles
      389 15 Bloomberg [BEIJING] China's retail sales increased at the quickest pace in at least eight years on rising incomes, aiding government efforts to curb the economy's dependence on exports and investment for growth. Sales climbed 18.8 per cent to 810.5 billion yuan (*****.5 billion) in November
      – Bloomberg  -  389 words
    • Article
      Lock icon Ban on foreign brokerage joint ventures to end soon
      190 15 Bloomberg [BEIJING] China wiU soon end a ban on foreign investment banks setting up joint ventures, a concession that falls short of US calls for sweeping access to the world's best performing capital market. The China Securities Regulatory Commission will start
      – Bloomberg  -  190 words
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      25 15 Mm W^. I I *gj^ aXm^" i 111 lr j^" Bf CREATIVE IDEAS FOR I jlfcji r XMAS jajjj ejiSPARTYjS-f I I FANN 1 y >
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      Lock icon Page 15 Advertisements Column 2
      248 15 Em From 13 Dec 2007 to 13 Feb 2008, stand a chance to I I win 2 nights stay at one of 12 participating hotels and I I USDS4OO worth of vouchers redeemable at any of our I KVfl I Asia hotels. uM *W^MSlj^ '^^K^^^j DISTINGUISHED HOTELS IN ASIA TO
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon October trade deficit widens
      659 16 Reuters LATEST US DATA Record oil price outweighs the export benefits of weaker US dollar [NEW YORK] The US trade deficit widened slightly more than expected in October as a record price for imported oil outweighed the export-spurring benefits of a weaker US dollar, a Commerce
      – Reuters; BLOOMBERG  -  659 words
    • Article
      Lock icon Omanis meet S'pore company leaders
      276 16  -  UMA SHANKARI SBF to organise mission to Oman in Jan to boost ties OMAN'S Deputy Prime Minister Sayyid Fahad Mahmood Al-Said yesterday met senior representatives of Singapore companies as both sides seek to strengthen bilateral business ties. The dialogue was attended by the heads of
      276 words
    • Article
      Lock icon State Grid group wins Philippine power auction
      524 16 Reuters [MANILA] A consortium including China's State Grid Corp has won the right to operate the Philippine power grid with a U553.95 billion bid. It will be the biggest privatisation in the country's history. The winning offer from the group led by the
      – Reuters  -  524 words
    • Article, Illustration
      Lock icon Fighting words between the leaders
      492 16 DURBAN 2010 and Beyond's lead has been trimmed by a few miles overnight by their closest rivals westernaustralia2oll.com. In reply to Ricky Chalmers's warning on Tuesday that the South Africans are coming, Martin Silk, skipper oiwesternaustralia2oll.com hit back yesterday. "The decision to drop the mediumweight
      Photo: ONEDITION  -  492 words
    • Article
      Lock icon Berkshire shares poised to surpass US$150,000
      344 16 Bloomberg [NEW YORK] Berkshire Hathaway is poised to close above US$l5O,OOO for the first time as investors bet on chairman Warren Buffett's ability to steer the company through turmoil in financial markets. The company's Class A shares have risen 34 per cent since Aug
      – Bloomberg  -  344 words
    • Article
      Lock icon Goldman raises 2008 crude price forecasts
      250 16 Reuters [LONDON] Goldman Sachs, the most active investment bank in energy markets, raised its 2008 oil price forecasts, expecting the Organisation of the Petroleum Exporting Countries (Opec) to keep a lid on supply even as global demand growth slows. Goldman expects US crude to
      – Reuters  -  250 words
    • Article
      Lock icon Japan bank asked to help sub-prime fund: paper
      230 16 Reuters [TOKYO] Japan's largest bank has been asked to contribute as much as 100 billion yen (Ssl.3 billion) to the sub-prime support fund being planned by the three largest US banks, the Asahi newspaper reported yesterday. Bank of America, Citigroup and JPMorgan
      – Reuters  -  230 words
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      29 16 ATW System AMG Package WcSs& 4r^ I?™*.^!^ J&--~-'ra BBE MaP|e AMG Package PTS With $100,000 worth of Wor ATS Thermatic Control Technical Equipment system Ready StOSMarralHegiStratiorjaEee klliiei rateSNow www.motorzone.com.sg
      29 words
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  • AVIATION
    • Article, Illustration
      Lock icon Boeing sticks to late 2008 date for first Dreamliner's delivery
      762 17 j.— Bloomberg Planemaker still working through wrinkles in the supply chain: exec [SEATTLE] Boeing Co, the world's second-biggest commercial-plane maker, said it's still working through "wrinkles" in the supply chain for its new 787 Dreamliner and will deliver the first
      — j.— – Bloomberg; AP  -  762 words
    • Article
      Lock icon Ryanair to buy more planes if air travel slumps
      384 17 Bloomberg It has already started talks with Boeing on its needs [LONDON] Ryanair Holdings pic, Europe's biggest discount carrier, said that it will react to any slump in demand for air travel by purchasing new planes. "We're looking at aircraft numbers
      – Bloomberg  -  384 words
    • Article
      Lock icon China Air to buy 20 A350-900S
      115 17 -AP [PARIS] Taiwan's China Airlines Ltd ordered 14 Airbus A 350 wide-bodied planes and signed an option for an additional six, the European planemaker said on Tuesday. Taiwan's largest carrier signed a letter of intent for the purchase of up to 20A350-9OOjets, which it
      -AP  -  115 words
    • Article
      Lock icon US House votes to up retirement age for pilots to 65
      389 17 ■Bloomberg [WASHINGTON] US airline pilots' mandatory retirement age would rise to 65 from 60, under legislation approved on Tuesday by the US House of Representatives. The vote follows two previous House votes to raise the age and increases chances
      ■Bloomberg  -  389 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2377 17 AIRLINE CODES: AA American Airlines -F Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways PubOc ltd Co (BAW), BG: Biman B ia Airiines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA Airways Corpn (EVA), CA:
      2,377 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      363 17 CRYPTIC CROSSWORD ACROSS n —1 p —I pj —I u —I 15 —I e —1^ [7 —I I R. Hood wrests with foe possibly in his habitat (8,6) 9 Girl I took in hand benefited 10 Some camera traced the hec- p^J II Place ram goes around (3) fr~ 1^^
      363 words
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  • SHIPPING
    • Article
      Lock icon Gateway may buy competing logistics firms
      436 18 It sees consolidation in the sector soon as new entrants struggle to survive [SINGAPORE] Gateway Distriparks Ltd, an Indian shipping-logistics provider, may acquire competitors to benefit from soaring freight as new entrants struggle to achieve the scale needed in the world's second fastest growing
      436 words
    • Article
      Lock icon Shares of shipping firms sold at low end of range
      179 18 Reuters [HONG KONG] Li Ka-shing's twin flagships sold shares in two shipping firms at the low end of their price ranges for US$477 million, according to the exchange's transaction records, knocking down the two stocks by about 10 per cent
      Reuters  -  179 words
    • Article
      Lock icon FedEx builds USsB7m Ohio outfit
      82 18 Bloomberg [DALLAS] FedEx Corp, the second largest US package delivery company, will build an US$B7 million facility in Ohio as part of plans to double its North American ground shipping capacity. The Perrysburg Township centre will process 22,500 packages an hour when it opens in
      – Bloomberg  -  82 words
    • Article, Illustration
      Lock icon Hanjin completes Subic Bay shipyard
      385 18  -  ALEC ALMAZAN in Manila SOUTH Korea's Hanjin Heavy Industries and Construction Corp has completed the first phase of its largest shipyard project in Subic Bay, the Philippines. The first phase includes includes a dry dock, hull making facilities, a fourstorey administration building, a three-storey production
      AFP  -  385 words
    • Article, Illustration
      Lock icon CSCL rises 75% on Shanghai IPO launch
      483 18 Bloomberg [SHANGHAI] China Shipping Container Lines Co (CSCL), the second-largest in Asia, surged 75 per cent on its Shanghai stock exchange debut as investors bet rising trade will provide stable earnings. The company climbed to 11.57 yuan from its 6.62 yuan offer price.
      Bloomberg; BLOOMBERG  -  483 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        111 18 '000 )ec CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KiVentures Keppel Corp Labroy Marine MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.88 0.39 6.40
        111 words
      • Article
        Lock icon KLSE
        36 18 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 1.22 9.90 9.90 4.62 2.94 0.23 0.20 -0.05 -0.20 -0.05 -0.06 0.03 -0.01 unch 12! 88' 1381 387} 6( 3! 16!
        36 words
      • Article
        Lock icon BANGKOK
        13 18 '00 )ec Precious Ship Regional Cont 26.25 29.50 -0.50 unch 2501 51)
        13 words
      • Article
        Lock icon HONGKONG
        14 18 '000 Dec 12 HKf Ooil Singamas Cont 62.00 3.29 -1.15 -0.17 851 184;
        14 words
      • Article
        Lock icon PHILIPPINES
        22 18 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.00 44.00 2.00 unch -0.10 -1.00 unch unch 182: 122i 17i i
        22 words
      • Article
        Lock icon TAIPEI
        23 18 Dec 12 NT! Evergreen Marine ...27.25 First Steamship 68.40 Wan Hai Lines 27.85 Yang Ming Marine ..24.80 -0.55 0.30 -0.60 -0.70 1
        23 words
      • Article
        Lock icon TOKYO
        41 18 '000 )ec 'en Kawasaki Hvylnd...351.00 -6.00 1248! Kawasaki Kisen ....1181.00 -18.00 1100! Mitsubishi Hvy 527.00 -3.00 1703! Mitsui Eng&Sbldg ..470.00 -8.00 8661 Mitsui Osk Lines ..1546.00 4.00 ***** Nippon Express 582.00 -10.00 350: Nippon Yusen 939.00 -1.00 1097' Source: Reuters
        41 words
  • Page 18 Advertisements
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      317 18 Z IP&BIDlllZ/F &BID] I-™-™ FROM ONLY $10! I FROM ONLY $10! I JtJjJt denki DR-230DUOREST Model Number: 1N74 Leader Collection Ergonomic Chair Home Entertainment Projector /j^*> I A o rE L tfsH «A V SotP^lSm-.- LIST PRICE: $1,699 ,«r»^ OIT I tAKU Ii V -I J UP FOR GRAB I
      317 words
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  • BizIT
    • Article, Illustration
      Lock icon Frontline sets annual revenue target of $1b
      689 19 Company has drawn up accelerated roadmap, executive chairman Steve Ting tells ONG BOON KIAT A WEEK after British telecom company BT Group announced its offer to buy homegrown IT services company Frontline Technologies, executive chairman Steve Ting has already drawn up an accelerated
      689 words
    • Article
      Lock icon AsiaOne to deliver Web 2.0 know-how to businesses
      245 19 SOCIAL computing platforms like Facebook and MySpace have proven to be a hit with consumers but most businesses have not tapped on the opportunities presented by such Web 2.0 technologies. A new website launched by Asia One will attempt to bridge this
      245 words
    • Article
      Lock icon Chinese sent whopping 429b text messages in '06
      322 19 Reuters [LONDON] Cellphone users in China sent 429 billion text messages in 2006, while India added more mobile subscribers in the year than Britain had in total, as the two countries joined Brazil and Russia in driving growth in the sector. A
      – Reuters  -  322 words
    • Article, Illustration
      Lock icon InFocus puts the spotlight on Asia
      463 19  -  WINSTON CHAI DIGITAL projector maker InFocus has earmarked Asia as one of the major route markers on the road back to profitability after years of revenue decline. The Wilsonville, Ore-gon-based company is expected to end 2007 with sales of around US$3OO million, according to
      463 words
    • Article, Illustration
      Lock icon Atos aims for golden touch at Beijing Olympics
      775 19  -  LEE KIM SIANG Its contract with the lOC is the world's largest sports-related IT job COME Aug 8, 2008, at precisely Bpm, the eyes of the world will be on Beijing as the opening ceremony of the Olympic Games gets underway. And
      775 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Was the 25-point cut a mistake?
      520 20 AT first glance, the US Federal Reserve erred in its decision to lower its federal funds rate by only 25 basis points to 4.25 per cent at its Tuesday Open Markets Committee meeting. Wall Street certainly thought so its major indices plunged almost 3
      520 words
    • Article, Illustration
      Lock icon Corporate chiefs as global as their business
      1097 20  -  LOUISE STORY -NYT Increasing number of foreign-born CEOs reflects the importance of overseas markets THE corner offices of corporate America are increasingly reflecting the global reach of companies. Citigroup, the world's largest bank, named Vikram S Pandit, a native of Nagpur, India, as
      -NYT; AP  -  1,097 words
    • Article, Illustration
      Lock icon No going back to days before sub-prime crisis emerged
      801 20  -  ANTHONY ROWLEY THE BOTTOM LINE HOPE springs eternal and those who fail to understand the sub-prime mortgage crisis have been content to substitute hope for common sense (let alone logical thinking) by expecting a few interest rate cuts to restore things
      801 words
    • Article, Illustration
      Lock icon What's with the disappointment?
      888 21  -  CAROLINE BAUM The Fed's quarter-point cut was not unexpected yet it sparked off severe criticism and a huge stock market sell-off SO MUCH disappointment in so many quarters over something so expected. Go figure. The Federal Reserve ratified consensus expectations on Tuesday when it lowered both
      AP  -  888 words
    • Article, Illustration
      Lock icon Something's eating the world food production system
      828 21  -  ROBERT SAMUELSON IF PEOPLE can't eat, they can't do much else. One of the great achievements of the past century has been the enormous expansion of food production, which has virtually eliminated starvation in advanced countries and has made huge gains against it
      AFP  -  828 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8498 22 Transaction date: Dec 12 52-wks Tel ih Low Code Last Sale Vol COOP) Hii Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E MCap $mil Hii Comr lan; 3 2 5716 1st Software 22 8 3148 8Telecom 34 16 5834 A-Sonic 104 98 6389 ABF
      8,498 words
    • Article
      Lock icon SGX XTRANET
      131 22 Wk Tel Low Code Last Sale Vol ('000) Low Lasl (uote Seller Div C'vr Net P/E Cap imil _Hm Com _Hm Bu' 1040 745 CIMBAsean40 100US$ 119 119 6065 Diamonds 8330 6040 5422 GLD 10US$ 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore
      131 words
    • Article
      Lock icon SGX SESDAQ
      1986 22 52-Wk Tel Hiqh Low Code Last Sale Vol ('ooo; Day Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E Smil Com Hii 30 11.5 1181 AAGrp 41.5 20 5000 ABR Hldgs 31 21.5 8538 APStrategic 16.5 2.5 1501 Advanced System 70.5 15 1524 Alantac 22.5 8
      1,986 words
    • Article
      Lock icon CLOB INTERNATIONAL
      255 22 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net2 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 cdca cum dividend cum all
      255 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 23 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 11 World Index Preliminary 1164.2 0.0 5.8 0.1 3.9 -0.1 10.1 EAFE Preliminary 1152.4 0.1 4.0 0.1 5.9 -0.1 12.1 Euro[ Preliminary 1570.7 -0.3 5.2 -0.4 7.3 -0.5 14.1 Pacific 1009.6
      363 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      136 23 FOREIGN A= riiDDcivirv at LUKKtNLY 9am NOTE RATES Decn Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2610 1.2760 Can dollar 1.4200 1.4370 Euro 2.1070 2.1320 NZ dollar 1.1170 1.1410 Sterlinc und 2.9270 2.9610 US dollar 1.4360 1.4530 Local dollars to
      136 words
    • Article
      Lock icon INTERBANK RATES
      163 23 Dec 12 $S_ Offer Bid Overnight 1 -month 2-months 3-months Overnight mode: 1 US$ 7/8 2 5/16 2 1/2 2 9/16 Offer 3/4 2 3/16 2 3/8 2 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 4 40 5.25
      163 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 23 Dec 12 ten Hi. in. STI SIMSCI Dec 435.4 436 431.4 Taiwan Dec 338 334 331.9 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 23 Dec 12 Bid Offer 1-month 1.4377 1.4389 2-months 1.4348 1.4361 3-months 1.4326 1.4339 6-months 1.4259 1.4274 Source: OCBC
      21 words
    • Article
      Lock icon SICOM FUTURES
      285 23 Dec 12 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Jan 08 Feb 08 Mar 08 Apr/Jun 08 Jul/Sep 08 Oct/Dec 08 360.00 361.00 363.50 368.50 371.00 372.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      285 words
    • Article
      Lock icon CHICAGO BOT
      105 23 Dec 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 08 1135.50 1125.75 1137.00 1122.25 Mar 08 1154.50 1144.25 1155.00 1140.50 May 08 1165.50 1154.25 1166.50 1152.50 Jul 08 1166.50 1154.50 1167.00 1153.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 07 45.58 45.35 45.60
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 23 CRUDE OIL PRODUCTS Dec 11 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 88.6 -0.06 WTI (Near Mth) 89.32 1.16 Dubai (1-Mth F) 83.32 -0.15 Tapis blend 93.5 -0.1 Minas 92.3 -0.1 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 90.41 105.10 -0.50 -0.05 USS/barrel Opec Oil
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      447 23 Dec 12 Australia 0.889 6.498 0.600 6.872 34.684 82.054 0.981 8.166 2.919 1.124 53.965 36.365 1.271 5.961 0.997 28.526 26.617 0.432 0.881 Canada 1.125 7.309 0.675 7.730 39.012 92.292 1.103 9.185 3.284 1.264 60.699 40.902 1.430 6.705 1.122 32.086 29.938 0.486 0.991 China 0.154 0.137 0.092 1.058
      447 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 23 Dec 12 Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****S 13.03.08 1-Year BY*****A 29.09.08 1.87 1.96 1.87 1.83 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year
      89 words
    • Article
      Lock icon SIBOR
      76 23 Dec 12 1 mth 5.***** 2.***** 2 mths 5.***** 2.***** 3 mths 5.***** 2.***** 6 mths 4.***** 2.***** 9 mths 4.***** 2.***** 12 mths 4.***** 2.***** SWAP Offer rates (S$) 1 mth 2.***** 2 mths 2.***** 3 mths 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** SWAP
      76 words
    • Article
      Lock icon PALM OIL
      62 23 Dec 12 Delivery Month Opening Range Sett Av Price Price Hii Low Vol Open Done Position Dec 07 2870 2873 2880 2859 172 860 Jan 08 2865 2872 2875 2854 437 7358 Feb 08 2868 2877 2885 2859 2954 ***** Mar 08 2878 2883 2888 2865 1400 *****
      62 words
    • Article
      Lock icon PRECIOUS METALS
      169 23 Dec 12 GOLD (USS/oz) Dec 12 Dec 11 GOLD BULLION COINS (SS) Sellim Hong Kong 803.00 806.20 804.00 807.20 Dec 11 Dec 10 London 808.30 809.10 809.00 809.90 Source: Reuters (SS) Selling Buying 1 oz 1295.77 1163 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $454.75 372 SILVER
      169 words
    • Article
      Lock icon LONDON METALS
      68 23 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2409.50 2404.00 3 months 2465.00 2461.00 Copper, Grade A (USS/tonne) Cash 3 months 6760.00 6820.00 6765.50 6825.00 Lead (USS/tonne) Cash 2519.50 3 months 2520.00 2539.00 2540.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3 months *****.00
      68 words
    • Article
      Lock icon LIFFE
      82 23 Dec 11 (£/tonne) Close Prev Hii ih/Low Dec 07 1028 1022 1044/1023 Mar 08 1046 1050 1060/1044 May 08 1060 1068 1076/1059 Jul 08 1088 1094 1101/1087 COFFEE (USS/tonne) Close Pev High/Low Jan 08 1829 1824 1840/1814 Mar 08 1859 1853 1868/1844 May 08 1880 1874 1886/1866 Jul 08
      82 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 23 Dec 12 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2704 1.2720 0.8811 0.8816 Canadian dollar 1.4289 1.4306 0.9911 0.9916 Euro 2.1179 2.1195 1.4689 1.4690 NZ dollar 1.1307 1.1322 0.7842 0.7847 Sterlim 2.9420 2.9445 2.0405 2.040; US
      157 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      353 23 Dec 12 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO7 MarO8 JunO8 SepO8 95.020 95.600 96.085 96.360 0 0 0 0 9783 ***** ***** 7632 EUROYEN FUTURES DecO7 99.135 99.135 MarO8 99.180 99.180 JunO8 99.185 99.190 SepO8 99.175 99.175 DecO8 99.150 99.150 MarO9 99.095B JunO9 99.020B
      353 words
    • Article
      Lock icon BONDS & WARRANTS
      2544 23 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- C000) Ratio Price ing Left 8798 Ascendas REIT SGA ECW*****3 ...11.5 -1.5 1140 1 248 3 9092 Asia Environment W*****4 45 -2 247 1 38 -3 1.91 20 1436AusGroupMBLECW*****4 13 -1.5 50 0.5 220
      2,544 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Slumping Spanish market may reverberate through Europe
      901 27 Banks in Spain are aggressively curbing loans in fallout from US sub-prime woes [MADßlD] Julia Gavin sold more than a house a week as the Spanish real-estate boom peaked last year. Now that business is drying up, she's sharing leads with competitors, reckoning
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      Lock icon Corporate abodes with style
      985 28  -  Big names in professional services believe an address in the Marina Bay area will boost accessibility and branding, writes CLARISSA TAN It's not only banks that want to be located in a financial centre. The big professional services law, auditing, management consultancy are all hustling to
      985 words
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      Lock icon SLA rents out 3 properties for office use, offers 2 more
      436 29  -  ARTHUR SIM Successful bid for former police HQ in Pearl's Hill Terrace is 40% above guide THE Singapore Land Authority (SLA) has awarded three state-owned properties for rental through a public tender. And the successful bids were 17-40 per
      FILE PHOTO  -  436 words
    • Article
      Lock icon Sabah's ©ease boutique hotel expects 60% occupancy
      373 29 Bernama It's part of RM45Om Sandakan Harbour Sq integrated project [KUALA LUMPUR] @ease boutique hotel, a hotel in Sandakan, Sabah, and owned by Sara-Timur Properties Sdn Bhd, expects to draw an occupancy rate of up to 60 per cent in line with the
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    • Article
      Lock icon Indochina Land eyes US$1b for 2 new Vietnam funds
      120 29 Reuters [LONDON] The property arm of Vietnamese financial services firm Indochina Capital said yesterday that it wanted to raise a minimum of US$l billion for two new investment funds. In a statement, Indochina Land said it planned to soon launch its
      – Reuters  -  120 words
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      Lock icon Property devt in UK hits a low
      160 29 Reuters [LONDON] Property development activity in the UK fell for the first time in four-and-a-half years in November as worries about a weakening property market outlook spread to the commercial building trade, data showed yesterday. In a monthly survey of industry professionals, property
      – Reuters; BLOOMBERG  -  160 words
    • Article
      Lock icon Sentosa Cove condo plot draws 3 bids
      450 30  -  KALPANA RASHIWALA Tender for Boon Lay condo site attracts just 2 bids that are below expectations By A TENDER for the last condo plot at Sentosa Cove named The Pinnacle Collection is said to have attracted three bids when it closed yesterday, including
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      Lock icon Apollo Centre sold for $205m
      310 30  -  UMA SHANKARI Buyer AEW intending to refurbish it US PROPERTY fund manager AEW Capital Management has bought Apollo Centre for $205 million, or $1,378 per sq ft (psf) of lettable floor area, the property firm that brokered the deal said yesterday. Apollo Centre, in Havelock
      310 words
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      66 27 Land Opportunities cf China New Town Development is a leading new town developer in the PRC. We design and develop new towns -r and assist in the selling of land parcels to property developers. 111 a k m y c new town For business opportunities, please contact Ms Melody Yu
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      69 27 -IE straits times Sunday Gkveavoay Tikis weekend's treat 1 free CMa^o\oqvj btin fron* 3reaMk Terms Conditions: Limited to the Ist 5,000 readers. Limited to 1000 buns per day for redemption from 16- 20 Dec only and limited to 1 per reader. Matching original coupons from 15/12 16/12 must be presented
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      111 28 ITOVEIBWORKJ PLAfj— i^.i.-'la -~i^^ r -^^^^t "^si' I W^^^T^ r_T^_ J -l^^^^~ ~~^^'''''''^^E.^^BmmmmWmmmWttoi+ I CB RICHARD ELLIS ARE APPOINTED AGENTS FOR PHASE 1 OFFICES (TOWERS 1 2). DEVELOPER: BFC DEVELOPMENT PTE LTD. CO. REGISTRATION NO. *****1961 H. All information, specifications and plans herein contained may be subject to change from
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      8 28 Brought to you by MARINA BAY FINANCIAL CENTRE
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      468 29 ■jgjM'irj'iOTffiimiri I^^BS^^^^^^^^^^^^^ For Sale WM Wnf West Coast Rise for Rent. I m <^- B krSMllfSi s+l(2ensuite).P/furnished. J^ i~\f^ Igllfll rr;;™,, gMLI +v detached factory ■PI M Spacious! Can park up to 4 cars. OFF LENG KEE ROAD H IS Expat families &Co lease free tiles with minimum purchase i^JS
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      1077 30 RAFFLES PLACE RETAIL PODIUM WITH MAIN ROAD FRONTAGE Ground floor, upper mezzanine (part) and basement levels Separate entrances with double glass frontages/direct road access visibility Facing one of the busiest pedestrian traffic flow in Raffles Place 2 separate strata titles total area of 469 sm (5,048 sf) 999-year leasehold Sale
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