The Business Times, 17 December 2007

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Total Pages: 28
1 28 The Business Times
  • 26 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Monday, December 17,2007
    26 words
  • 833 1  -  LYNETTE KHOO But wild card is whether the US goes into a recession and how Asia responds By To recap, a liquidi-ty-driven rally saw the STI breaking new highs in the first half of 2007 on the back of record property
    Source: Bloomberg  -  833 words
  • MARKETS DIGEST
    • 51 1 iT Index 3,466.38 -91.57 1 COMP 1,403.41 -30.63 IIKKEI225 15,514.51 -441.86 IANG SENG 27,563.64 -1278.83 ;et INDEX 836.40 -4.99 JAKARTA COMP 2,740.06 -38.89 1ANILA COMP 3,538.69 -206.70 ;eoulcomp 1,895.05 -39.27 ;henzhenb 687.39 -37.42 IUMBAI IND 20,030.83 +64.83 )OW 13,339.85 -285.73 IASDAQ 2,635.74 -70.42 ;&P 500 1,467.95 -36.71 :TSE 6,397.00
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    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.50 INDONESIA 15.483 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.75 CANADA 6.25 SWITZERLAND 4.08 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • 36 1 (USS/SS per 2.039 2.943 EURO(US$/S$/E) 1.461 2.109 YEN 112.40 77.90 RM 3.312 2.295 HK$ 7.799 5.404 BAHT 33.60 23.28 RUPIAH 9,328 6,463 RENMINBI 7.371 5.107 INDIAN RUPEE 39.35 27.27 A$ 1.141 0.791 NZ$ 1.281 0.888
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  • Page 1 Advertisements
    • 125 1 8"*****l"*****4' I CHRISTMAS AND NEW YEAR CELEBRATION AT GRAND HYATT. IK cfl ■faC^,- il Celebrate the year end festive season at the hotel's innovative restaurants and bars. M' 1 For festive takeaways, visit the shop at mezza9 for a selection of gourmet gifts. W t Jfl Countdown to 2008 with
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    • 105 1 ~P h ip^l PULSES vlg^f OUT TOMORROW! jfe m« B^ The investment magazine, Pulses, will be on newsstands from tomorrow. Published 4J by the Singapore Exchange and now produced by The Business Times, the relaunched 7- f| I I^^^Ki issue will be available at Buzz Pods, leading bookshops and selected
      105 words
  • Page 1 Miscellaneous
    • 40 1 DINING j^^^ BizlT KAZAKHSTAN *\f\4°f\ A Jf SingTel to launch new Seeking Singapore's J 1 |1 Who's backing Festive menus mobile TV service by March expertise V^ the bid page 9 PAGE 14 j^ 1 PAGE 26 PAGE 10 ■'WmSMUfliyW'BiaH
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 71 2 NEXT year could be the year of the mid-tier and mass market sectors with prices expected to rise between 8 and 15 per cent. Whether this will happen depends largely on en bloc millionaires, the return of HDB upgraders, the resilience
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      • 47 2 THE Singapore Exchange has decided to delist Vantage Corporation after it rejected Vantage's proposed acquisition of Healthway Medical Services. The acquisition was to have been effected through a $455 million reverse takeover deal announced in June. TOP STORIES, PAGE 3
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      • 55 2 THE Singapore real estate investment trust market is expected to face waning investor appetites and a short supply of potential acquisitions next year. The S-Reit sector could also enter a consolidation phase, triggered by the implementation of a takeover code for Reits, analysts
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      • 53 2 METRO Holdings continues to expand its China footprint. It is investing about US$35.B million to acquire a 20 per cent effective interest in two adjacent projects Globe Plaza, a mall development, and Metropolis Tower, an office project currently under construction in north-west Beijing. COMPANY
        53 words
      • 65 2 ONE of the oldest and most respected names in private banking, Lombard Odier Darier Hentstch, will open a Singapore office on Jan 2. The Geneva-based institution recently obtained approval from the Monetary Authority of Singapore to set up a merchant subsidiary, which will
        65 words
      • 82 2 THE US Federal Reserve's first auction of new term loans today is expected to draw good demand from banks, but may take time to deliver on the Fed's goal of lowering short-term lending rates. The Fed set up the new facility as
        82 words
      • 75 2 HSBC Holdings pic might list the entire corporation in the mainland instead of just its subsidiary HSBC China, The Standard reported Hongkong and Shanghai Banking Corp chairman Vincent Cheng as telling mainland media. "After discussions with the Shanghai Stock Exchange, we decided
        75 words
    • 1154 2  -  ARTHUR SIM Performance hinges on HDB upgraders, en bloc millionaires, say consultants By [SINGAPORE] Next year could be the year of the mid-tier and mass market sectors with prices expected to rise between 8 and 15 per cent. Whether this will happen depends
      1,154 words
    • 500 2  -  YEN SREENIVASAN By [SINGAPORE] Changi Airports International (CAI) has signed a binding deal to buy 29 per cent of China's Nanjing Lukou International Airport (NLIA) in Jiangsu Province for 900 million yuan (*****.4 million). It is the first private-equity investment in a Chinese
      500 words
    • 722 3  -  LAUREL TEO CLIMATE CHANGE CONFERENCE Bali Roadmap sets agenda for talks on long-term pact on emissions cut By in Bali THE United Nations' largest climate change meeting in history teetered on the brink of collapse not once not twice but several times in
      REUTERS  -  722 words
    • 635 3  -  KALPANA RASHIWALA It finds Vantage's proposed acquisition of HMS wanting By [SINGAPORE] The Singapore Exchange has decided to delist Vantage Corporation after it did not approve Vantage's proposed acquisition of Healthway Medical Services (HMS), which was to have been effected through a $455
      635 words
  • Page 2 Advertisements
    • 59 2 people at No mountain WOfK hi 9h enough. www.thepeopleatwork.com Asia-Pacific Executive Search The Real World Wide Web Meet MOL's shipping network. A real "world wide web"of containerships, car carriers, bulkers, tankers and LNG carriers over 750 vessels strong, and growing. Give your business global access with the shipping industry leader,
      59 words


  • SINGAPORE MARKETS
    • 692 4  -  R SIVANITHY STOCKS LAST week's column raised the very strong likelihood that the major equity indices had risen ahead of Tuesday's US interest rate meeting, but could well drop sharply after the meeting, regardless of the outcome. This is exactly
      692 words
    • 572 4 Legends: USS; Rmb; (a) HK$; A) A$; Pound; Rupiah; Yen; Euro; AA) Baht; (8181) RM; Peso; AAA) Rs; NL$; (ad) Cash/Bonus Lax Exempt (One-Lier); (af) Dividend/Distribition; (ai) Final; (ami Final Special Lax Exempt (One-Lier); (an) Final Lax Exempt; (ao) Final Lax Exempt (One Lier); (au) Eirst and Final;
      572 words
    • 422 4 AFP CURRENCIES [HONG KONG] Asian currencies endad last week mixed against the US dollar as concerns about sub-prime mortgages continued, despite a US cut in interest rates and central bank intervention to increase liquidity in the banking system. Japanese yen: The yen lost
      AFP  -  422 words
    • 306 4 -AFP COMMODITIES [LONDON] Oil prices soared in volatile trading last week on news of falling US supplies and forecasts of higher demand for crude next year. Oil: Oil prices jumped by more than US$4 on Wednesday as traders reacted to news
      -AFP  -  306 words
    • 1786 4 Reuters Source: recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name \llco Commercial REIT 1.60 1.60 5 5.49 16.39 1.56 0.88 Hi ireen Pro jerties 2.90 3.10 10 9.21 17.16 1.79 1.56 ,mara Holdini 1.33 1.33 1.23 54.33 1.10 0.67 |ua-Terra
      Reuters  -  1,786 words
    • 4 4 WEEKLY
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    • 3 4
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    • 47 4 Dec 14 VALUE CLOSE -391.00-201.00 BT OB/OS BT CADI -*****.00-127.00 BT 10-day MA -*****.00 -39.00 All-SG Equities 960.95 -4.54 SG Equities Elect 102.24 +0.42 SG Equities Fin 2409.51 -14.63 SG Equities Prop 1335.14 -18.98 SiMSCI 422.64 -1.46 SiMSCI Future 419.80 -1.60 PrimePartnersCI 240.42 -2.27
      47 words
    • 57 4 VOLUME Diqiland 531,132,000 DBSMBLeCW*****4 198,253,000 UOB MBL eCW*****4 135,341,000 FirstRes 122,248,000 DBSMBLeCW*****6 114,757,000 FirstRes MEReCW*****8 111,048,000 SGX MBL eCW*****5 106,993,000 DBS DB eCW*****3A 102,778,000 SingTel 99,874,000 SinqTelSGAeCW*****7 97,496,000 VALUE(S) DBSGrp 1,073,447,290 SGX 557,801,192 UOB 502,906,392 CapitaLand 446,606,539 SingTel 392,337,615 Cosco Corp 311,812,650 OCBC Bk 304,888,053 Keppel Corp
      57 words
    • 102 4 CLOSE UP 7990 129.8 1.1 GLD 10US$ Diamonds 200 116.9 68.1 Jardine C&C 2070 60.0 3.0 IS MSCI India 100 985 50.5 3.7 Asia Pac Brew 1350 30.0 2.3 SPC 790 30.0 3.9 Wilmar 488 30.0 6.6 WilmarRBeCW*****7 60 27.0 81.8 Hour Glass 189 23.0 13.9 DBSBk6% NCPS 10
      102 words
    • 97 4 CLOSE DOWN 2520-404.0 -10.0 JMH China H 10US$ 2060-303.0 -9.3 STI ETF 100 3580-140.0 -3.8 JSH 1470-129.8 -5.8 SGX 1330-110.0 -7.6 STI ETF IOPV 3547.4 -87.3 -2.4 :it> 1370 -80.0 -5.5 Cosco Cor| 595 -80.0 -11.9 DBS Gr| 2040 -70.0 -3.3 Kei Con 1280 -50.0 -3.8 BY PERCENTAGE CLOSE
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    • 99 4 Closing prices are in trading currencies, but absolute difference is in Ss. Where S$ stands Dec 14 %CHNG CLOSE FR Dec 13 YR 2007 S$ LOW S$ HIGH USS 1.4428 -0.15 1.5479 1.4363 Euro 2.1014 0.73 2.1639 1.9913 Pounds 2.9349 0.21 3.1194 2.9158 AS 1.2622 0.63 1.3555 1.1741 Yen*
      99 words
    • 1143 6  -  ROBERT HALILI INSIDE MARKETS By THE director and substantial shareholder activity slowed last week with only 39 companies making 82 purchases, against 16 firms with 38 disposals, based on filings on the Singapore Exchange in the second week of December. The figures were sharply
      1,143 words

  • Page 5 Advertisements
    • 297 5 II I A WA IATt? _■_> I BMW 7 Series ,^^__v H Privileges _.-^^^s_t ■1 Programme a_f—^^Z__\ pml.com.sg Driving Pleasure ,l\ I I wL .f'm__M' if^ife 1 .1 \n4 "____*■'W VTOxA I Ik. HIIIHI *****111 l lIHIHIMHim lllllill *^__l 1 __F'/ 7 \lil nm "Ql Bk \Vm I >_$_5 ___#__T^/»\
      297 words

  • Page 6 Advertisements
    • 63 6 bZa .1 &»jr mg±_ -J*M W izrtn wU .<Z_\ M#__lBJg______rf__P I I riiDii jfl pjjgg| t______l mE___n___l _______£*_'"'.i ■-t'W'Wm^ tm *a Mm ffl _TTw__i "ill m mm -y2*m m DIH h, il_l_ win an WmW Pa"S V jd| V EPSON PRINTER f^TI VL A yj 3ri*i gety°urc°pYn°w! MODEL J_6_ CX93OOF
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    • 20 6 Singapore's only Chinese luxury watch and jewellery annual Bt___£c_l "_H i[ 2007/2008 issue out now Available in all major bookstores
      20 words
    • 239 6 Excellent Investment Opportunity 1) D.Ol Commercial Bldg. Lease 999 Yrs. GFA49IO sq.m. Built 3690 sq.m Plotapprox. 12.6 Good Monthly rental returns 2) D.09 7th storey Bldg. Lease Freehold Land 12,000 sq.ft./ Built 32,000 sq.ft Monthly rental returns $115,000 3) D.03 14 Conserved 2 storey shophouses Area 22,129 sq.ft. Net area
      239 words

  • COMPANY NEWS
    • 780 7  -  UMA SHANKARI Mergers seen as one response to slowing growth as assets, funding get scarce By THE Singapore real estate investment trust (S-Reit) market is expected to face waning investor appetite and a short supply of potential acquisitions next year. The S-Reit sector
      FILE PHOTO  -  780 words
    • 354 7  -  KALPANA RASHIWALA METRO Holdings continues to expand its China footprint. It is investing about US$35.B million on a 20 per cent effective interest in two adjacent projects currently under construction in north-west Beijing. The two projects are Globe Plaza, a mall development, and Metropolis Tow3r,
      354 words
    • 557 7  -  UMA SHANKARI REAL estate investment trusts listed in Singapore (S-Reits) must look at developing their own assets going forward, instead of just buying from sponsors or third-party vendors. Right now, most of them are suffering from a double whammy potential assets
      557 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 438 8 Wi ES I .i^-^*^^^^^ ct B B I I .JS ra ____M __9 ¥J I" F PfesWir™' 11 ■""T^B"! ****^^*^^m^m^m^ |l*ißi__l*">'™ M ■____»*B'*^l«"™|^^K*______! PiiiiiiißH Mff*i--iM-«s** |gß*"___________J Mi___*t_i__ffa_ffir._r'i _i_ I r. r .1 i __j._l__.] _w^ a* —~_> jt _T j m viH -1- q™" q ><«.* or Aj'^-AJ'Z&ri-wH I _L_9
      438 words

  • SINGAPORE NEWS
    • 595 9  -  CONRAD RAJ Merchant subsidiary gets MAS nod, will have Asian Currency Unit limit of USS6Om ONE of the oldest and most respected names in private banking, Lombard Odier Darier Hentstch, will open a Singapore office on Jan 2. The Geneva-based institution with a
      595 words
    • 169 9 THE message "Suntec Singapore proudly supports Singapore's bid for the 2010 Youth Olympic Games" will be flashed 816 times a day on Suntec Singapore International Convention Exhibition Centre's giant LED screen at the junction of Nicoll Highway and Raffles Boulevard. The vote of support will also
      169 words
    • 265 9  -  QUAH CHIN CHIN By SINGAPORE'S bid to host the inaugural 2010 Youth Olympic Games has been stepped up. Last Thursday, the Singapore delegation presented the nation's bid to the evaluation commission of the International Olympic Committee (IOC) in Switzerland via a video conference
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  • Page 9 Advertisements
    • 68 9 <** _X W^lllllsfeN^ ___m__«____.' *B x. __IW_^___!_Vlu. ___B y >v ——-___i^_^ ___^^_P^_^J_^_l__i Nl^^S^_^_s_B_^^^^-i^®^ -AmmmmWLW? -A **^U_W/_\ 4/ \A x_. .___rl^^-'*'__i __aS'^s^. ji' 'v^Tf*^"" pf_^>ZZ'^s*kZ_W___&k Tfev^L _^_____^fl «j^. »M _r _r fcr !_J!P_R __^_______T*& _F 4k_ i^. l__i_^r__S^_^^.. I^___»X^__*^. W^r N<_*. J\ JM rjfW/-^*zzj mm N\ -^kv^-I wZ/ miirr ___^^__k ■jtr-
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  • KAZAKHSTAN INDEPENDENCE DAY
    • 872 10  -  Having benefited hugely from its oil and mineral wealth, it now wants to diversify into other sectors, says coimrad tai\i KAZAKHSTAN and Singapore have economies that complement each other well, says Adil Tursunov, the country's charge d'affaires at its embassy in Singapore. Kazakhstan, one
      BLOOMBERG  -  872 words
    • 394 10  -  CONRAD TAN By KEPPEL Offshore Marine (Keppel O&M), a wholly-owned subsidiary of Singapore's Keppel Corp, set up its first offshore engineering and construction facility in Kazakhstan in April 2003. Keppel Kazakhstan, the country's first shipyard, was built in the seaport city of
      394 words
    • 473 10  -  CONRAD TAN By FOOD Empire started selling to Kazakhstan in early 1992, just months after the country gained independence from the former Soviet Union in December 1991. This made the food and beverage manufacturer one of the first Singapore companies to enter the Kazakh market,
      473 words

  • Page 11 Advertisements
    • 894 11 S^mZJ^A HOW FAR WILL KAZAKHSTAN GO? W&A THE SKY'STHE LIMIT. V _8 Now in its 16th year of independence, Kazakhstan has become a living >^ testament of nation-building success and a force to be reckoned with on y the world stage. Fueled by sustained socio-economic progress, domestic A ***_s-* stability
      894 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1074 12  -  Like Reits, they will shed their low-profile status when investors get a better feel of the asset class, reports JASON LOW ON THE very night when the Dow shed 294 points after the Fed cut rates, Warren Buffet came forward to comment on the
      1,074 words
    • 807 12  -  CAMPUS LIFE Industrial designer Donn Koh tells CRYSTAL NEO how he came up with his award-winning walking aid WHEN it comes to experience, Dorm Koh says he only has an Industrial Design degree and spent a six-month exchange semester in Tsinghua University Academy of Art and
      807 words
    • 204 12 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 12 Advertisements
    • 46 12 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • ECONOMY WATCH
    • 599 13 Reuters NEWS ANALYSIS Stop out rate could be 30-50 points above minimum bid, say analysts [NEW YORK] The US Federal Reserve's first auction of new term loans today is expected to draw good demand from banks, but may take time to deliver
      – Reuters  -  599 words
    • 343 13 -AFP [SYDNEY] The US is heading for a recession and the rest of the world would be "dead wrong" to think this will not impact growing Asian economies, Morgan Stanley senior executive Stephen Roach said yesterday. In an interview with Sky News in Australia, Mr
      -AFP  -  343 words
    • 284 13 Reuters [ZURICH] The International Monetary Fund will lower its growth outlook as the continued credit crisis hurts the US and European economies, while global imbalances also weigh on growth, its top economist was quoted as saying. "Given this background, the numbers will indeed
      – Reuters  -  284 words
    • 396 13 Dec 14 BANKS ABN AmroßankNV 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 American Express Bank 5.75 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America
      396 words
  • Page 13 Advertisements
    • 172 13 X EDOX Maftre Horloger Les Genevez depuis1884 OS 8?i §3 lb Ife^^J^^^B Iij^^^^^^^ijjjjjjjjjjjjjjjjjjjjjjjjjjw^^<^^^^iI Hfeb_ U.I.M. Class 1 Powerboat Championship f If -7 >^i^3&|^5@*C^*KSftr a. 117™ at,,- 1 4fck I w* "A^^^^^^^ jES/flM Jk^A O/ A Afl E Ak^. i "filiinfc** mads .A\\^ N •> w| n^^^^ Edox Spirit of Norway
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  • DINING OUT
    • 1065 14  -  Jaime Ec Ch&ah Ui-Hoon FESTIVE MENU Saint Pierre, #01-01 Central Mall Tel: 6438-0887 HERE'S the deal: you're in the Christmas feasting mood but it's not yet time to stuff your own turkey into the oven. But if you want a pre-taste of the festivities,
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  • Page 14 Advertisements
    • 298 14 LUAUKY _______r^__RH''k___L THE SEASON'S MAGNIFICENCE Celebrate in style this season with Italian sophistication at Ristorante Bologna, Chinese elegance at Peach Blossoms, International and Asian finesse at AquaMarine and scintillating countdowns at the Atrium Lounge. Plan for party perfection with irresistible catering selections from Senses Patisserie and escape to heavenly bliss
      298 words

  • CLIMATE CHANGE CONFERENCE
    • 783 15  - It 's too late to save the world later THOMAS FRIEDMAN -NYT COMMENTARY By THE negotiators at the UN climate conference here in Bali came from almost 200 countries and spoke almost as many languages, but driving them all to find a better way to address climate change was one
      -NYT  -  783 words
    • 752 15 -AFP Talks will bear fruit if next president is supportive: analysts [NUSA DUA, Indonesia] The global community has forged a strategy for slowing the juggernaut of climate change, but the outcome of this two-year plan now lies greatly in the hands of
      -AFP; AFP  -  752 words
  • Page 15 Advertisements
    • 463 15 ■T__r______9W^9!fPV t\ v Frustrated by slow network or Internet access in your office? I u $t -2*** ~~^h Worried about the confidentiality and integrity of your data? Concerned about security when you transact over Internet? Faced with frequent virus or spam attacks even with the use of antivirus software? How
      463 words

  • MALAYSIA/INDONESIA
    • 574 16 MMC, Gamuda awarded double-track rail job at last XL revives project it shelved in 2003; job value soars to RM 12.5b from RMB.5b then [KUALA LUMPUR] Construction companies MMC Corp Bhd and Gamuda Bhd have been awarded the RM12.5 billion (555.44 billion) project to construct a double-track railway line from
      574 words
    • 597 16  -  PAULINE NG COMMENTARY M'sia now lagging other exchanges in Asia IT'S hard playing catch-up with little steps, but that appears to be the case with Malaysia's attempt to make its local bourse more attractive to local and foreign listings. Once acknowledged as the biggest
      597 words
    • 220 16 [KUALA LUMPUR] Businessman Syed Mohd Yusof Syed Nasir and his partner, Selangor's Sultan Sharafuddin Idris Shah, are planning to buy more hotels abroad to expand their business, Malaysia's Business Times reported. The duo have already bought the five-star Moose Lodge Golf Resort, sprawled over 40
      220 words
    • 144 16 Reuters [JAKARTA] Indonesia's gas distribution firm PT Perusahaan Gas Negara (PGN) and electricity firm PT Perusahaan Listrik Negara (PLN) plan to jointly build a liquefied natural gas (LNG) terminal on Java island, a senior PGN official said on Friday. PLN and PGN
      – Reuters  -  144 words
  • Page 16 Advertisements
    • 424 16 To Aerfee call tol|-|ree 18()(l m I MI recruit@sph.com.sg .—————Xf^Mmm Ei- *tk___\ ________________*j_^ __t_k_________________L I endless possiblities.. KhattarWong is one of Singapore's largest premier law firms. With over 100 lawyers, the firm offers clients the advantage of being represented by internationally recognised lawyers at the top of their field. KhattarWong
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  • GREATER CHINA / INDIA
    • 438 17 Shares will likely be traded in the form of Chinese depositary receipts [HONG KONG] HSBC Holdings Pic might list the entire corporation in the mainland instead of just its subsidiary HSBC China, The Standard reported Hongkong and Shanghai Banking Corp chairman Vincent
      438 words
    • 282 17 Reuters [NEW YORK] India and China are losing their competitive advantage on wages, and employers will increasingly look to even low-er-cost countries for their operations, according to a study by the Towers Perrin consultancy. In India and China, wages are expected to rise
      Reuters  -  282 words
    • 55 17 TWO members of the Shenyang Women Winter Swimming Group striking a pose on a frozen lake in Shenyang, Liaoning province yesterday. Founded in 1987, this group now has 16 female members with the youngest being 50 years old and oldest reaching
      REUTERS  -  55 words
    • 444 17 -Reuters It is part of efforts to diversify away from steel business [LONDON] Steel magnate Lakshmi Mittal plans to bid for oil and gas assets being auctioned by the Indian government as the billionaire tycoon looks to step up his family's
      -Reuters  -  444 words
    • 442 17 Reuters [AHMEDABAD] With a religious divide openly on show, voters in India's Gujarat state cast their ballots yesterday in an election that will decide the fate of a controversial leader and may influence the timing of national polls. Amid tight security, voters
      Reuters  -  442 words
    • 2727 17 Transaction date: Dec 14 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing
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  • ASIA-PACIFIC/WORLD
    • 824 18  -  ANDREW MARKS WALL STREET INSIGHT Investors expect to get glimpse of 2008 outlook from earnings reports of 3 major broking houses By in New York BY many measures, the global credit crisis is back to its worst levels since August. The prospects
      824 words
    • 314 18 Clipper Ventures QINGDAO celebrated their first ever podium position in their two race history crossing the finish line into Fremantle at 0531 local time (2031 UTC) at the end of the Southern Ocean leg of Clipper 07-08. As one of the three boats that made the early
      Clipper Ventures; Photo ONEDITION  -  314 words
    • 528 18 Reuters [TOKYO] Quaintly named small banks such as Tomato Bank Ltd and 77 Bank Ltd have for years held sway over mortgages and small-business lending in Japan's hinterlands, areas where Mitsubishi UFJ Financial Group Inc and other "megabanks" have little presence. But
      – Reuters  -  528 words
    • 364 18 Bloomberg, Reuters [DUBAI] Borse Dubai Ltd, which offered to buy OMX AB, agreed to US$5.B billion of loans with a group of international banks to help pay for the acquisition and the shares of London Stock Exchange Group Ltd it plans
      Bloomberg, Reuters  -  364 words
  • Page 18 Advertisements

  • AVIATION/SHIPPING
    • 556 19  -  YEN SREENIVASAN The giant plane has proven to be very reliable and popular with customers By .SINGAPORE] "The smoothest and most trou-ble-free entry into service aver." That is how Singapore Airlines describes the performance of its giant A3BO plane. Briefing reporters
      AFP  -  556 words
    • 582 19 Reuters NEWS ANALYSIS As Europe-US route is freed up, other airlines may want in [NEW YORK] Deutsche Lufthansa AG's surprise swoop for a 19 per cent stake in discount US carrier Jetßlue Airways Corp could be the start of a large-scale ownership grab
      – Reuters  -  582 words
    • 337 19 -AFP [PANAMA CITY] Panama will take bids from four international consortiums seeking to build new, larger ship locks for the Panama Canal, government officials said on Friday. The locks are a key part of the U555.25 billion canal expansion project begun
      -AFP  -  337 words
    • 262 19 Reuters [SHANGHAI] China Shipping Development Co said it would buy four very large ore carriers (VLOCs) from Chinese shipbuilders for a total of US$47O million. Each vessel will have capacity of 300,000 dead weight tonnes. The company, one of China's biggest
      – Reuters  -  262 words
    • 2404 19 AIRLINE CODES: AA: American Airlines (AAL), AF: Air Fran la (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines i,bbw, bi. rsoyai eiunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA Airways Corpn
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  • Page 19 Miscellaneous
    • 296 19 CRYPTIC CROSSWORD ACROSS "tA M_W- \\***M7. *******T: MWW' I 7 Leapt into breach showing I II I 17 promise (9) 8 Bunch of sultanas! (5) M M H ___^___l _H —M 10 Graves found in this foreign P^B___H_L_H_L_H_L_^H___H_L_H_L_^H field? (8) pO I H Tl~| 11 Spins and journalist buys it
      296 words

  • SINGAPORE STOCKS
    • 211 20 Alii ireen 0.47 1.560 -0.020 Ascendasreit 0.85 2.350 +0.010 jComm 0.49 2.430 +0.040 lLand 4.27 6.600 -0.100 Cai litaMall 0.92 3.300 +0.020 Chart SemiCond 0.54 1.010 -0.010 Ci'Dev 2.61 13.700 -0.300 ComfortDelGro 1.24 1.770 -0.020 Iosco Con 1.95 5.950 Creative Tech 0.16 6.300 -0.100 IBS Grj
      211 words
    • 102 20 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 5 13 0 OOO 5 13 0 Manufacturing 49 151 32 14 24 11 63 175 43 Commerce 23 50 10 13 30 63 13 /St. >r/Cc ims 16 21 16 24 Finance
      102 words
    • 121 20 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 150.085 150,085 574.167 574.167 Manufacturing 1,095,497 159,559 1,255,056 1,461,349 31,910 1,493,259 Commerce 828.643 49.207 877.850 480.850 10,730 491,580 ir/< 500.616 2.829 503.445 1.455.493 2,173 1,457,661 Finance 222.432 80 222.512 2.586.492 18 2.586.510 Construction 275.514 113,597 389.111 95.812 11,921 107,733
      121 words
    • 8706 20 Week ended: Dec 14 Hi* Low Code Com| >an] Sale ('OOP) Hii Low Bu] fer Seller C'vr P/E $mil 3 2 5716 1st Software 22 8 3148 STelecom 34 16 5834 A-Sonic 104 98 6389 ABF SG Bond ETF 30 15.5 1938 AEI Corp 27 13.5 1100 AEM
      8,706 words
    • 83 20 _k Tel Low Code Last Sale Vol ('000) Low Lasl )<u ote Seller Div C'vr Net P/E Cap imil _H|< Com _H|< Bu* 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS
      83 words
    • 2168 20 Hii lh Low Code Comi >an< Sale COOP) Hii Low Bui r Seller C'vr P/E $mil 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 7814 Albedo 46.5 28 5021 Apex-Pal 13.5 6
      2,168 words
    • 264 20 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net 2 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
      264 words

  • FINANCE & COMMODITIES
    • 374 21 Dec14 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminary 1137.3 -0.3 3.3 -0.1 1.3 -0.8 7.1 t EAFE Prel liminan 1123.6 -0.1 1.4 -0.5 2.2 -1.1 8.1 Euro[ Preliminary 1541.1
      374 words
    • 133 21 As at 9am Dec 14 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2590 1.2740 Can dollar 1.4060 1.4220 Euro 2.0970 2.1210 NZ dollar 1.1190 1.1440 Sterlin mnd 2.9300 2.9630 US dollar 1.4340 1.4510 Local dollars to 100 units of foreign
      133 words
    • 163 21 Dec 14 fer Overnight 1 1/2 1-month 2 5/16 2-months 2 1/2 3-months 2 9/16 Overnight mode: 1 5/8 US$ Offer 1 3/8 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 4.36 5.10 5.10
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    • 22 21 Dec 14 STI SIMSCI Dec 420.7 425.1 419.8 Taiwan Dec 318 318.5 314.9 Source: MF Global (S) Pte. Ltd
      22 words
    • 21 21 Dec 14 Bid Offer 1-month 1.4397 1.4409 2-months 1.4366 1.4379 3-months 1.4345 1.4359 6-months 1.4279 1.4294 Source: OCBC
      21 words
    • 268 21 Dec 14 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 08 362.00 365.25 367.75 373.50 376.00 377.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
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    • 105 21 Dec 14 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 08 1157.00 1146.00 1164.00 1144.50 Mar 08 1175.00 1166.00 1183.00 1163.00 May 08 1188.75 1179.50 1196.00 1177.50 Jul 08 1190.50 1182.50 1197.00 1180.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 07 45.85 46.00 45.85
      105 words
    • 76 21 CRUDE OIL PRODUCTS Dec 13 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 92.71 0.68 WTI (Near Mth) 92.49 -1.77 Dubai (1-Mth F) 87.76 3.17 Tapis blend 97 3 Minas 95.8 3 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 95.85 110.60 3.58 4.5 USS/barrel Opec Oil
      76 words
    • 469 21 Dec 14 AS CS Rmb Euro HKS Ind Rs Ri Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.892 6.459 0.600 6.834 34.480 81.737 0.985 8.150 2.902 1.123 53.596 36.066 1.265 5.927 1.001 28.376 29.442 0.430 0.876 Canada 1.122 7.245
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    • 89 21 Dec 14 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 1.86 1.91 1.85 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
    • 76 21 Dec 14 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
    • 61 21 Dec 14 Delivery Month Opening Range Sett Av Price Price Hii Low Vol Open Done Position Dec 07 2920 2920 2950 2915 45 591 Jan 08 2905 2916 2922 2905 305 6315 Feb 08 2920 2926 2933 2916 2102 ***** Mar08 2924 2930 2936 2919 1373 ***** Total
      61 words
    • 160 21 Dec 14 Hong Kong 798.00 808.50 799.00 809.50 Dec 13 Dec 14 London 795.60 790.30 796.30 791.00 Source: Reuters (SS) Selling Buying 1 oz 1295.77 1163 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $454.75 372 SILVER Selling Buying (SS). Sellim Bu rim $454.75 Selling 372 Buying CAST
      160 words
    • 70 21 Dec 14 Aluminium, 99.7% purity (US$/tonne) Close Previoui Cash 2363.80 2363.50 3 months 2415.00 2416.00 Copper, Grade A (US$/tonne) Cash 3 months 6491.00 6545.00 6456.50 6510.00 Lead (US$/tonne) Cash 2503.00 3 months 2484.00 2473.00 2460.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • 76 21 Dec 14 Close Prev Hii ih/Low v1ar08 1056 1063 1066/1046 v1ay08 1073 1081 1083/1064 ul 08 1099 1107 1107/1089 iep08 1092 1102 1099/1081 IOFFEE (USS/tonne) Close Pev High/Low Ian 08 1835 1848 1849/1833 V1ar08 1860 1875 1879/1858 V1ay08 1880 1894 1898/1879 lul 08 1897 1911 1907/1897 SUGAR (US tonne)
      76 words
    • 156 21 Dec 14 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2638 1.2654 0.8760 0.8765 Canadian dollar 1.4176 1.4193 0.9826 0.9831 Euro 2.1082 2.1098 1.4613 1.4614 NZ dollar 1.1256 1.1271 0.7802 0.7807 jterlim ind 2.9414 2.9438 2.0388 2.0391
      156 words
    • 359 21 Dec 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO7 MarO8 JunO8 SepO8 95.055 95.590 96.005 96.235 0 0 0 0 7056 ***** ***** 8088 EUROYEN FUTURES DecO7 99.135 99.140 MarO8 99.210 99.220 JunO8 99.235 99.240 SepO8 99.215 99.215 DecO8 99.180 99.180 MarO9 99.105 99.130B JunO9
      359 words
    • 4222 21 BONDS WARRANTS Pel lode Com| Last Sale +orVol Conv Exer COOP) Ratio Price Disc Gear- Mths ing Lef1 taw >036 Advance SCT Ltd W*****9 32 -1 356 >835 Allgreen RBeCW*****6 3.5 -0.5 50 3798 Ascendas REITSGA ECW*****3 10 -5.5 ***** )092 Asia Environment W*****4 44 -2 749 1105 #Asiatravel W*****7
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  • Page 22 Advertisements
    • 3045 22 m The Business Times Shipping Times m ****-_r*******M VfrP _J_T_l___lH___i__ f3Ui__ m wan hai international pte ltd crn0 i**********/r [^-v __^*Mt K'ftJ&BSSSjSSJI ifcßWf¥_lfr_fWHTlVVfi^"_i___i ___>_■ TEL *****588 (14 LINES) FAX: *****163 _r—l w _^_FuvT*Ttfzum MmmMWSSSSIISLWSM ___ll__l_i_________l \\M_MVAN HAI NFS <"■'—■■ 8....i.„„ r .r,..., L olO!ror__L__3. t t__il] V hlllbj PKL TEL:
      3,045 words

  • Page 23 Advertisements
    • 1090 23 __*_____SW^^^^-^ <■'- -__R__r l_ J. ]aii—^j. iMrtni^^il' R| C K_V\ ERS'LINIE Round-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com USA Service Vessel I Voy I SIN I ALT I HOU I NEW I JAX I ORE I PHL I MOB I NEN I NYC I CPE Rickmers Tokyo
      1,090 words
    • 1335 23 TSTkH, eastern car liner, ltd \\j Mm I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS |K||m^mmj^ I VOY I Ramp(KT) I Lilting(KT) I MUA~ SIN PKL I PNN I JKT LCB GARDENIA ACE 38 10 18/12 19/12 OCEANIC PESCADORES 35 60 28/12 30/12 01/01 COSMIC MASTER 114 40
      1,335 words
    • 804 23 \m Qo3__« WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL I VOY I SIN I P.KLANG I COLOMBO IN. SHEVA I COLOMBO HOWRAHBR PHASE 0 II DEC KOTAPERWIRA YPWII7 19 DEC 20 DEC OMIT 27 DEC 31 DEC RAJIV GANDHI I 0120W I 25
      804 words

  • Page 24 Advertisements
    • 3332 24 H21 11 II 11 R HI ipg Andersen M'"!Se™:I ri» guirynavigationgroupI \^3 M ij^US 2fl I shipping company,/ 70 Shenton Way, #21-03 Marina House Singapore *****8 M, ;>£ \Wt^M HH MDPTH WFCT FYPPFSS I IMF I (SINCE1970) v<i\jwir\ vycoi tArrtoo lime 1T owns operates the youngest fleet Immmmmmjtmmmmmmmmmj^ monthly service
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  • Page 25 Advertisements
    • 4001 25 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SINDestjnName Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name
      4,001 words

  • BizIT
    • 838 26  -  Company's upcoming mio TV on Mobile will up the ante for Singapore's nascent mobile TV service market, reports ONG BOON KIAT SINGAPORE'S budding mobile pay-TV market looks set to get a kickstart by March; Sing Tel has revealed that it
      838 words
    • 602 26  -  ONG BOON KIAT By MANY telcos talk with relish about their ambitions for Internet Protocol TV (IPTV). And no wonder. Given the high broadband penetration rates in the region, it all points to new lucrative revenue streams for telcos to the tune of US$3.3
      602 words
    • <what's new>
      • 64 26 THE Sony Ericsson W96oi Walkman 3G phone has arrived in Singapore, and it packs seriously drool-worthy features. They include BGB built-in memory, WiFi connectivity and 2.6-inch touch-screen display all firsts in Sony Ericsson's entertainment-focused Walkman phone series. Also included are a 3.2-megapixel camera and FM radio.
        64 words
      • 76 26 SMARTPHONE specialist High Tech Computer (HTC), which this year acquired its distributor Dopod, has refreshed the Dopod PBOOW, a GPS-enabled smartphone. Based on the Windows Mobile 6 Professional operating system, the HTC P3300 comes with an in-car phone holder and charger, as well as the
        76 words
      • 71 26 THE new Canon SELPHY ES2 (above) and ES2O compact photo-printers boast a slew of user-friendly features, including a design that lets users load both paper and ink in one integrated cartridge. Other conveniences include direct-printing from Pictßridge-enabled digital cameras, one-function buttons and optional Bluetooth wireless printing. An
        71 words
      • 72 26  -  THE upmarket, black-suited Nokia 8800 Arte has sashayed into Singapore. Those who don't mind paying $1,788 (exclusive of GST, no operator plan) for a fashionable phone will get to enjoy such niceties as a fingerprint-proof metal body, ambient light sensor that adjusts screen brightness automatically,
        72 words
    • 185 26 Bloomberg [ATLANTA] International Business Machines Corp (IBM), the world's biggest computer-services company, increased its workforce in Brazil, Russia, India and China to about 100,000 this year. The hiring is part of the company's effort to boost revenue from emerging markets, vice-president Jesse Greene
      Bloomberg  -  185 words
    • 1030 27  -  WINSTON CHAI IDA has mandated a distinction between the network firm and operating firm By IT'S early days yet in the race to build Singapore's future broadband highway but companies jostling for pole position are set to strike new partnerships and alliances
      1,030 words
    • 552 27 -Bloomberg [NEW YORK] US Internet holiday sales are growing at the slowest pace on record as shoppers put off purchases ahead of year-end bargains. Sales from Nov 1 through Dec 11 increased 19 per cent to US$2O.5 billion, Virginia-based ComScore Inc said last
      -Bloomberg; BLOOMBERG  -  552 words
    • 540 27  -  NEERAJ SHAABI &lt;you say&gt; Here are 10 reasons why his service-oriented architecture is exemplary By T'S the most wonderful yet most I hectic time of the year as consumers vie for mall parking spaces and also spend their precious lunch hours shopping online.
      540 words
    • 255 27 Reuters [BOSTON] Microsoft Corp said that it has begun public trials of virtualisation software that will compete head-on with programs from VMware Inc, saying the tests were starting ahead of schedule. Microsoft said it previously told customers the first public release of
      Reuters  -  255 words
    • <what's up>
      • 89 27 SUN Microsystems has announced three vice-president appointments for Asia-Pacific. Long-standing employees (above, from top to bottom) Celestine Tan, Johann Muller, and SeChang Oh have been promoted to vice-president for Marketing, vice-president Systems Practice, and vice-president Systems Engineering respectively. Ms Tan joined Sun in 1993 and last
        89 words
      • 53 27 DEUTSCHE Telekom subsidiary T-Systems has appointed Christopher Lim as its Asia South VP for IT operations. A 14-year industry veteran, Mr Lim joined T-Systems in 2004. T-Systems Asia South has 140 employees in Singapore. The IT services firm focuses on manufacturing, finance
        53 words
      • 40 27 3COM Asia-Pacific has hired a new regional product marketing manager. Former HP Procurve executive Lee Yee Shiean will be responsible for driving product and solution marketing programs across the region for 3Com's enterprise and SMB portfolios.
        40 words
      • 43 27 SINGAPORE-BASED IT research firm Springboard Research, founded in 2004, has opened a global research centre in Casablanca, Morocco to cater to clients in the Middle East and Africa. The firm's Moroccan operation will be led by James Erickson.
        43 words
      • 59 27  -  SINGAPORE-LISTED IT services firm Datacraft has won a deal to build an Internet Protocol (IP)-based wide area network (WAN) for Taiwan-based Silitech Technology. Linking the company's five offices in Taiwan, China and Malaysia, the network will enable IP voice communications for employees and clients. Silitech
        59 words
  • Page 26 Advertisements
    • 61 26 l__UiS9si___9 8 &|^TOP^ilM MMvAIh *0( j il I «JIISA I II ir' J iP*^ 41 H_ ss__P___l» mV^ m mw Mm* **r I *\*r ****^Hk= __v *a**^^^^ sl*™' I _r -_l Mtllß~Mam-9-*m --~^zzzz^m,m&mZ^-_____m-W0 mWi^ TTi _________^^^&lt;__iJ_______ __*"^^^T F___________________l BBb^**^*^^^^^ imm !__t _^fl w 4 Singapore AN E-MARKETPLACE BROUGHT TO YOU
      61 words
  • Page 26 Miscellaneous


  • Page 28 Advertisements
    • 69 28 fl| -■SB* vH;-: k ■i.Pflj /I LI J gP^*^ rf ■a j^^i W^^\ m is INITIATION INTO THE ART OF TIME PINK GOLD WATCH WITH CENTRE SECONDS AND DATE DISPLAY, EXCLUSIVE SELF-WINDING AUDEMARS PIGUET MOVEMENT. WATER-RESISTANT TO 20 METRES, also available in white gold. Sole Distributor Service Centre: AUDEMARS PIGUET
      69 words