The Business Times, 29 December 2007

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Microfilm: NL28596
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 THE BUSINESS TIMES SINGAPORE 85 cents m S* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007
    17 words
  • Article, Illustration
    Lock icon Sales sprint as sporty beasts roar on roads
    931 1  -  SAMUEL EE Sports car boom in Singapore expected to continue through 2008 with buoyant economy [SINGAPORE] High-end sports car sales zoomed ahead this year and they are expected to continue doing so in the new year despite the turbulent fourth quarter mainly
    931 words
  • MARKETS DIGEST
    • Article
      Lock icon Untitled
      16 1 TST INDEX 3,445.82 (-31.38) TST INDEX FUTURES 3,446 (-31) TSIMSCI 418.54 (-3.60) TSIMSCI FUTURES 417.40 (-6.40)
      16 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 6.75 INDONESIA 15.553 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 7.25 CANADA 6.00 SWITZERLAND 3.86 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      47 1 Fridai Cham KLCOMP 1,447.04 +9.22 NIKKEI 225 15,307.78 -256.91 HANG SENG 27,370.60 -472.33 SET INDEX 858.10 +6.04 JAKARTA COMP 2,745.83 +6.12 MANILA COMP 3,621.60 -46.04 SEOUL COMP 1,897.13 -11.49 SHENZHEN B 709.69 -2.23 MUMBAI IND 20,206.95 -9.77 11AM EDT Change 13,370.58 +10.97 DOW NASDAQ 2,683.54 +6.75
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    • Article
      Lock icon FOREX
      41 1 uss SS US$ (S$ per US$) 1.448 :us$/s$ 1.997 2.891 EURO(US$/S$/E) 1.465 2.120 YEN 113.10 78.10 RM 3.317 2.291 HK$ 7.800 5.388 BAHT 33.71 23.29 RUPIAH 9,410 6,499 RENMINBI 7.303 5.045 INDIAN RUPEE 39.44 27.24 1.143 0.789 NZ$ 1.291 0.892
      41 words
  • Article
    Lock icon Bhutto laid to rest as violence grips Pakistan
    272 1 AFP [ISLAMABAD] The body of Benazir Bhutto was laid to rest in her ancestral village, as violence erupted in cities across Pakistan yesterday, a day after the former prime minister was assassinated at an election campaign rally. Hundreds of thousands of emotional
    AFP  -  272 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      56 1 bVlb^. «%v RAFFLES CREDIT CRUNCH PERSONAL SPACE P SHOPPING N CONVERSATION Citi, HSBC mulling A secret garden f Changi Terminal 3 s xB ADB chief economist IfzalAli sale of units inSeletar ■T'lri^tffc Proimsesa big treat lUk fti PAGE 3 PAGE 12 PAGE 19 [P*9P PAGE 18 FOOD H Bi"> The
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Great Eastern unit bags Vietnam licence
        52 2 INSURER Great Eastern Holdings has pushed into Vietnam as part of a regional expansion plan. The group announced yesterday that its unit, Great Eastern Life Assurance, has been granted a licence to set up a wholly owned life insurance subsidiary in Vietnam. COMPANY NEWS,
        52 words
      • Article
        Lock icon Ban Joo posts 15-month loss of $15.1m
        67 2 TEXTILE firm Ban Joo Co, whose financial year-end has been changed to September from June, yesterday reported a loss of $15.1 million for the 15 months ended Sept 30, 2007, on turnover of $106.9 million. Ban Joo attributed the loss mainly to provision
        67 words
      • Article
        Lock icon Pay rise for teachers in new scheme
        60 2 THE government yesterday announced an improvement to the pay and career package for teachers, with the goal of making the profession more attractive. Topping the list of changes are a new remuneration scheme from next April, an increment to the Outstanding Contribution Award
        60 words
      • Article
        Lock icon First Workfare payments to be made on Jan 1
        67 2 ABOUT 287,000 workers will receive a total of $146 million as the first payment under the Workfare Income Supplement (WIS) scheme on Jan 1. Under the WIS scheme announced in February 2007, older, low-wage Singaporean workers will receive payouts twice a
        67 words
      • Article
        Lock icon More time given for feedback on mobile TV
        71 2 THE Media Development Authority is extending the deadline for public consultation on mobile TV services by two weeks, to Jan 18, after industry players asked for more time. Since Nov 21, people have been asked to give their views on proposed policy
        71 words
      • Article
        Lock icon New cement price plan to jack up building costs
        80 2 A PROPOSED introduction of an automated pricing mechanism to help ensure the adequate supply of cement in Malaysia is likely to make construction more expensive, local builders warned. Master Builders Association Malaysia secretary-general Yap Yoke Keong told BT that builders in
        80 words
      • Article
        Lock icon China flags yuan policy shift, with strong growth
        94 2 CHINA has signalled that it would allow the yuan to appreciate faster in a move that should help contain rising inflation risks from a booming economy that a government economist said was set to grow close to 11 per cent next year.
        94 words
      • Article
        Lock icon Cheapest Suzuki car in India may become cheaper
        68 2 SUZUKI Motor Corp, facing growing threats to its 50 per cent share of India's car market, may cut the price of its cheapest car in the country to counter Tata Motors Ltd's proposed 100,000-rupee (553,700) car. Suzuki's cheapest car in India, the
        68 words
      • Article
        Lock icon Warner deal may help Amazon take on Apple
        69 2 ONE of the strongest rivals to Apple Inc's iTunes Store got stronger on Thursday when Warner Music Group said that it would sell digital songs without anti-piracy protections through Amazon.com Inc. The move is an about-face for Warner, which became the third
        69 words
      • Article
        Lock icon Bhutto death drives Pakistan into 'uncharted waters'
        86 2 THE assassination of Opposition leader Benazir Bhutto has thrown Pakistan into one of the worst crises i its 60-year history, raising the spectn of widespread civil unrest and the threat of cancelled elections. Analysts say that President Pervez Musharraf, who stepped down as
        86 words
    • Article, Illustration
      Lock icon Challenges loom, but tourism sector will grow next year
      747 2  -  NISHA RAMCHANDANI Strong Ss, hotel room crunch won't deter tourists from coming in droves [SINGAPORE] The Singapore currency is growing stronger and some economies have been gripped by uncertainty. This, however, is not expected to deter tourists from flocking to Singapore
      747 words
    • Article, Illustration
      Lock icon Celebrating the clever and cool in electronics
      1348 2  -  DAVID POGUE It's the small things that matter tiny improvements or innovative features can make a gadget an absolute winner and even audio systems and TV sets. You could adjust the volume, or zip from channel four to channel 723 with a couple
      1,348 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      390 2 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WISPRO TECHNOLOGIES PTE LTD (In Members' Voluntary Liquidation) Reg.N0.2006-*****W NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the above named Company duly convened and held at ISS Kallang Way #01-25 Singapore *****4 on the 27th
      390 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Circumspect Asia-watcher
      2635 3 THE Asian Development Bank's (ADB) chief economist, Ifzal Ali, might appear to be a prophet of doom, given the rather bleak picture that he paints of growing income inequalities in Asia an Asia which he perceives to be "shivering" as much as it is said to be shining.
      BLOOMBERG  -  2,635 words
    • Article
      Lock icon Raffles Hotels & Resorts
      97 3 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through the highest
      97 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Great Eastern unit bags Vietnam licence
      417 4 It will set up life insurance subsidiary with initial capital of 600b dong INSURER Great Eastern Holdings has pushed into Vietnam as part of a regional expansion plan. The group announced yesterday that its unit, Great Eastern Life Assurance, has been granted a licence
      417 words
    • Article, Illustration
      Lock icon Uptrend or window-dressing? Bulls and bears differ in views
      583 4  -  R SIVANITHY STOCKS Short-term traders buy big stocks in anticipation of year-end prop-up for index THE bulls may choose to highlight the fact that the Straits Times Index gained 47 points or 1.4 per cent over four trading days this week
      583 words
    • Article
      Lock icon STX to allow share moves between S'pore and Seoul
      244 4 STX Pan Ocean, a South Korean shipping firm whose stock is listed in Seoul and Singapore, says investors will be able to shift their shares between the two markets from 2008 after regulatory changes. STX was listed in Singapore in 2005
      244 words
    • Article
      Lock icon Hyflux Water Trust secures 20-year China concession
      284 4 HYFLUX Water Trust's (HWT) wholly owned subsidiary, Hyflux New Spring (Yangzhou) Co Ltd, has been granted an exclusive 20-year concession by the government of Jiangsu Province to build, own, operate and transfer an expansion plant next to HWT's existing waste-water treatment plant in
      284 words
    • Article
      Lock icon Ban Joo posts 15-month loss of $15.1m
      385 5  -  VINCENT WEE Deficit caused by trade debt impairment and ops discontinuation TEXTILE firm Ban Joo Co, whose financial year-end has been changed to September from June, yesterday reported a loss of $15.1 million for the 15 months ended Sept 30, 2007, on turnover
      385 words
    • Article
      Lock icon Property group Roxy-Pacific eyes mainboard listing
      278 5  -  QUAH CHIN CHIN Net proceeds from IPO expected to exceed $30m HOME-GROWN property group Roxy-Pacific Holdings plans to raise capital through a listing on the Singapore Exchange mainboard. The group lodged its preliminary prospectus with the Monetary Authority of Singapore yesterday, with plans for
      278 words
    • COMPANY BRIEFS
      • Article
        Lock icon Net profit up 30% for Transview
        46 5 TRANSVIEW Holdings posted a 30 per cent rise in net profit to $2.4 million for the full year ended Oct 31, 2007, helped by higher retail revenue and lower operating costs. Total revenue rose 0.1 per cent to $32.9 million.
        46 words
      • Article
        Lock icon Fine lowered for Auston
        29 5 AUSTON International yesterday announced that it had its $90,000 fine for charges under the Securities and Futures Act reduced to $10,000 after a successful appeal.
        29 words
      • Article
        Lock icon STATS delisting: no certainty yet
        42 5 TEMASEK Holdings is "still considering" delisting STATS ChipPAC. "There remains no certainty" about plans to stop trading of STATS ChipPAC in Singapore, according to a statement filed by the semiconductor company to the stock exchange yesterday. Bloomberg
        42 words
    • Article, Illustration
      Lock icon Resorts World to sell Genting Int'l stake
      279 5 Reuters [KUALA LUMPUR] Malaysian casino operator Resorts World Bhd yesterday announced a plan to sell its entire stake in Singa-pore-listed Genting International to Resorts World shareholders. Resorts, which owns about a 6.2 per cent stake in Genting International, could raise about RM527 million
      Reuters; FILE PHOTO  -  279 words
    • Article
      Lock icon TMB raises 37.2b baht from shares
      345 5 Bloomberg [BANGKOK] TMB Bank, a Thai bank partly owned by DBS Group Holdings Ltd, raised 37.2 billion baht (551.79 billion) selling shares to ING Groep NY, the country's finance ministry and other investors. The state-controlled bank sold all of its 25 billion new shares
      Bloomberg  -  345 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      117 4 ZAP&BIDI simnMg FROM ONLY $101 *I7?^ 1 LONGINES fuss-free V ffi ideaiJ|^^> m 21 '^TJ RADIANCE J Egp EVERY one-stop JV irasma OPTICAL _^O^K colntertop ovens 1 BOUTIOUE^H KID'iiCHOOISACi fresh lqok,'w Si better ideas! »sl«| FREE! I 2008 mini planner La Grande Classique de Longines with every copy Recommended Retail
      117 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      29 4 Raffles Conversations 50 interviews by Business Times journalists The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age ■C^Hr il W
      29 words
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      140 5 I '"ill ""N 'f\ M' i i f v I I v_ 11 I! MB PjL i V y J X^/" J 1 PULSES ON SALE! The investment magazine, Pulses, is now on sale at newsstands. Published by the Singapore Exchange and now produced by The Business Times, the relaunched
      140 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      186 5 SURRENDER YOURSELF GETAWAY PACKAGES IN UNCOMPROMISING LUXURY. Transport yourself away from the hustle and bustle of life's responsibilities and make the most of your holidays. Decide on your perfect escape and let it be an experience, a journey, your paradise away from home. Golfer's Paradise Package Golf Spa Breakaway Package
      186 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Pay rise for teachers in new scheme
      598 6  -  CHEN HUIFEN Increments pegged to performance, potential, market wage movements THE Ministry of Education (MOE) yesterday announced an improvement to the pay and career package for teachers, with the goal of making the profession more attractive. The new Grow 2.0 package builds on
      FILE PHOTO  -  598 words
    • Article
      Lock icon First Workfare payments to be made on Jan 1
      311 6  -  TAN SEO YEAN 287,000 workers to get total of $146mpart cash, part CPF ABOUT 287,000 workers will receive a total of $146 million as the first payment under the Workfare Income Supplement (WIS) scheme on Jan 1. Under the WIS scheme
      311 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7757 6 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 1.029/ Star Europe Bond 1.193/ Star Europe Bal 1.226/ Star Asian Tiger Eqty 1.678/ Star Asia Bond 1.259/ Star Asia Balanced 1.063/ Star Global Technology Fund!" 0.235/ Multi St Fd 0.917/ Star Asia Bond(USD) 0.867/ Gib Multi St USD
      7,757 words
    • Article
      Lock icon More time given for feedback on mobile TV
      305 7  -  VINCENT WEE MDA's 2-week extension to Jan 18 follows industry players' requests THE Media Development Authority (MDA) is extending the deadline for public consultation on mobile TV services by two weeks, to Jan 18, after industry players asked for more time. Since
      305 words
    • Article, Illustration
      Lock icon Bursary set up in memory of Howe
      242 7 THE Straits Trading Company is setting up a bursary endowment fund in memory of its former chairman, the late Howe Yoon Chong. The former health minister and member of the Cabinet old guard passed away in August this year, aged 84. Straits Trading
      242 words
    • Article, Illustration
      Lock icon Membership fee at One° 15 soars above $50,000
      324 7  -  VINCENT WEE THE club market seems to be on the rise again, with the upmarket one°ls Marina Club hitting $50,000-plus. Individual and corporate membership of the luxury marina was capped at 3,850. The club had drawn in almost 3,000 members by the
      FILE PHOTO  -  324 words
    • Article
      Lock icon URA to launch industrial site at Playfair Rd
      256 7  -  UMA SHANKARI THE Urban Redevelopment Authority (URA) yesterday said it will put up an industrial site at Playfair Road for public tender in about two weeks' time after it received an application from a developer committed to bid at least $12 million
      256 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      31 6 Allianz Global Investors one of the world's largest asset managers with more Allianz (jji) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors company regn. no *****7169Z
      31 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      143 7 n zz^\ Ir i RHWg ?W™ a"• s ?x?-i asi a'spremiermovie magazine 1 Jj| VW iB 5* free fosters JB JOIN THE 91.3FM CREW jq3 E§& THE MARRIED MEN I Sff JEREMY FROM THE ZONE I iWwV ""^HB^ AS WE PARTY FROM THE W\B ASIAN CIVILISATIONS MUSEUM m^ytV^Vßm S:OOPM TO
      143 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      80 7 I T^JEaTribute to our pioneers I Q: Which Spore founding father grew potatoes and tapioca during Japanese Occupation? Toh Chin Chye BThey are our founding fathers. Jfe Know all of them? M, Learn more about the 10 political pioneers X who made a difference to all our lives. Ml Get
      80 words
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  • MALAYSIA
    • Article
      Lock icon New cement price plan to lift building costs
      557 8  -  PAULINE NG M'sia to use an APM to set cement prices, revising prices quarterly from Jan 1 PROPERTY prices in Malaysia look set to keep on rising next year. A proposed introduction of an automated pricing mechanism (APM) to help ensure the
      557 words
    • Article, Illustration
      Lock icon Maybank to expand Islamic banking to tap oil wealth
      363 8 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd, Malaysia's biggest bank, said it plans to expand its Islamic banking business overseas, offering wealth management services to tap surging oil revenue in the Middle East. Maybank, as the group is called, expects its Islamic
      Bloomberg; FILE PHOTO  -  363 words
    • Article
      Lock icon SGX MAINBOARD
      8471 8 52-wks Tel )h Low Code Com[ Last Sale Vol ('000) Hii Day Last Quote Div Gr Yld Net |h Low Buyer Seller C'vr P/E M Cap $mil Hij i an; 5716 1st Software 22 8 3148 STelecom 34 15.5 5834 A-Sonic 104 98 6389 ABF SG Bond ETF
      8,471 words
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  • INDONESIA
    • Article, Illustration
      Lock icon Retail law stymies Carrefour's expansion
      299 9 Bloomberg Jakarta passes law to restrict store locations for retail chain operators [JAKARTA] Indonesia's government passed a law designed to restrict store locations for retail chain operators including Carrefour SA and PT Matahari Putra Prima. "The outlet locations of modern and traditional retailers should be
      Bloomberg; FILE PHOTO  -  299 words
    • Article
      Lock icon Jakarta installs new military chief
      186 9 Reuters [JAKARTA] Indonesian President Susilo Bambang Yudhoyono swore in an army general as new armed forces commander yesterday, a move some analysts sa is aimed at ensuring the military's support in the run-v to 2009 elections. Mr Yudhoyono led the swearing-in ceremony at the presidential
      Reuters  -  186 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        61 9 VOLUME Diqiland 89,076,000 JES 43,147,000 DBS DB eCW*****3 41,031,000 Firstßes 39,189,000 STXPO KWIOO 36,186,000 CapitalanDßeCWoBo6l6A 32,683,000 KTL Global 29,756,000 Firstßes MEReCWOBO4OB 27,293,000 Sing Tel 25,630,000 Firstßes MBLeCWOBO4OI 20,420,000 Clob VALUE (S) STX PO KWIOO 118,808,240 Sing Tel 100,909,440 DBS Grp 94,048,380 Capita Land 49,427,920 Firstßes 46,816,760 OCBC
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      • Article
        Lock icon RISES
        113 9 CLOSE UP STXPO KW100 351 60.0 20.6 ChinaRailDBeCW*****6 77 44.5 136.9 GLD 10US$ 8160 43.4 0.4 Shani riLa Asia 2385 41.7 10.4 STXPO SGAeCW*****1 52 26.0 100.0 STX PO DB eCW*****5 91 25.0 37.9 B Sembawani 1098 20.0 1.9 Great Eastern 1640 20.0 1.2 STX PO DB eCW*****0 62.5
        113 words
      • Article
        Lock icon FALLS
        119 9 BY CENTS BY PERCENTAGE CLOSE DOWN CLOSE DOWN IS MSCI India 100 933 -68.0 -4.8 DBS MERePW*****8 -77.8 -3.5 DBS Gr| 2072 -34.0 -1.| DBS MEReCW*****8 0.5 -66.7 -1.0 STI ETF IOPV 3532.1 -31.4 -0.9 Ca iitalanBNPeCW***** 0.5 -50.0 -0.5 Asia Pac Brew 1320 -30.0 -2.2 OCBCBkBNPeCW*****7 -50.0 -3.0
        119 words
      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        85 9 Up Down Unch 4 8 5 Up Down Unch 0 0 0 Up Down Unch 4 8 5 Multi Ind 1anu1 facturim Commerce 22 26 17 28 28 21 Tpt/Stor/Comms 16 14 10 18 15 11 :inance Construction 10 11 Pro 17 19 17 19 Hotel s/Rsts
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      • Article
        Lock icon SECURITIES TRADING TURNOVER
        122 9 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 9,658 9,658 45,948 45,948 Manir facturing 203,203 45,342 248,545 214,772 6,322 221,094 Commerce 151,826 1,599 153,425 51,107 374 51,480 Tpt/Stor/Comms 82,219 830 83,049 278,767 492 279,259 Finance 22,306 22,306 189,447 189,447 Construction 35,946 5,363 41,309 11,047 701 11,748 Pro|
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      • Article
        Lock icon STRAITS TIMES INDEX STOCKS
        220 9 tod name lose lange illgreen 0.45 1.480 \scendasreit 0.87 2.390 -0.010 lapitaComm 0.48 2.370 -0.070 la pita Land 4.04 6.210 -0.190 :a pita Mall 0.97 3.450 +0.030 :hartSemiCond 0.52 0.970 jtyDev 2.68 13.980 -0.180 lomfortDelGro 1.23 1.750 -0.010 losco Corp 1.92 5.830 -0.140 Creative Tech 0.16
        220 words
      • Article
        Lock icon BONDS & WARRANTS
        2127 9 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left >036AdvanceSCTLtdW*****9 32 1.5 40 S798AscendasREITSGAECW*****3 9.5 -1.5 6601 1 87 1 248 24 3.00 32 3 1851 AusGroup MER ECW*****8 15.5 0.5 200 S657 Biosensors DB ECW*****3 40 1
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      • Article
        Lock icon SGX CATALIST
        2332 9 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
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      • Article
        Lock icon SGX XTRANET
        85 9 52-Wk Tel High Low Code Last Sale Vol COOP) Day ih Low Last Quote Div GrYld Net MCap Buyer Seller Cvr P/E $mil Comi Hi! 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** *****
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      • Article
        Lock icon CLOB INTERNATIONAL
        71 9 52-Wk Tel ligh Low Code Last Sale Vol cooo] Day |h Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi 'an: Hii 141 104 6000 AVJennings 21.5 5 6134 Over&Gen 64 25 6017 StarCruises 320 179 6019 TanChonglnt A111 A15 US30.5 HK274 +0.5 -1
        71 words
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  • GREATER CHINA
    • Article
      Lock icon China flags yuan policy shift, with strong growth
      626 10 Strong mid-points this week seen as preparing market for jump in yuan [BEIJING] China's central bank has signalled that it will allow the yuan to appreciate faster in a move that should help contain rising inflation risks from a booming economy that
      626 words
    • Article
      Lock icon Regulator denies freeze on foreign banks' loan growth
      194 10 [BEIJING] China's banking regulator rejected a newspaper report that it has widened restrictions on loan growth to include foreign banks for the first time. "I have heard of no such thing," Lai Xiaomin, the China Banking Regulatory Commission's Beijingbased spokesman, said in
      194 words
    • Article, Illustration
      Lock icon Fukuda, Wen pledge to resolve East China Sea gas fields dispute
      529 10 Bloomberg [TOKYO] Japanese Prime Minister Yasuo Fukuda and Chinese Premier Wen Jiabao yesterday pledged to resolve a dispute over gas fields in the East China Sea and cooperate on regional security and the environment in order to build on
      Bloomberg; REUTERS  -  529 words
    • Article
      Lock icon Official given death sentence for graft
      177 10 [BEIJING] A former vice-governor in eastern China has been given a suspended death sentence for accepting bribes worth more than US$l million, state media reported yesterday. In the latest in a string of such corruption cases, Xinhua News Agency said He Minxu, former vice-governor
      177 words
    • Article
      Lock icon Hongkongers crave their pantyhose milk tea
      628 10 [HONG KONG] Amid wisps of steam and the aroma of freshly baked egg tarts, the tea masters at Hong Kong's Golden Phoenix Cafe brew large pots of the city's famed milk tea, using "pantyhose" stuffed with tea leaves. "The tea is superb, smooth and
      628 words
    • BT SHARE INFORMATION SERVICE
      • Article
        Lock icon SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
        704 10 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr SHAREHOLDING Before After C000) ('000) Stock ASA Grp 27-Dec-07 Poh Choo Bin Buy 36 na ***** 5.97 ***** 5.98 LeedenLtd 26-Dec-07 Lim How Boon «Buy 400 na ***** 11.12 ***** 11.39 LeedenLtd
        704 words
      • Article
        Lock icon COMPANY MEETINGS
        239 10 COMPANY MEETING PLACE DATE TIME Ossia Intl E 7th floor. Conference Room 10 Changi South Lane #07-01 Ossia Building Singapore *****2 29-Dec 10.30am ISDN Hldgs E 105 Tampines Road #06-06 Wing Tai Industrial Centre Singapore *****7 07-Jan 10.00am Macquarie MP Reit E Sir Henry Keppel II Grand Hyatt
        239 words
    • Article
      Lock icon HK news magazine banned from China
      123 10 [HONG KONG] A Hong Kong news magazine known for its in-depth coverage of Chinese politics has been dropped by its two mainland Chinese importers in what a sister publication said yesterday was a ban. Staffers at China National Publications Import and Export (Group) Corp
      123 words
    • Article
      Lock icon Construction Bank, Bank of America start leasing JV
      281 10 [HONG KONG/BEIJING] China Construction Bank (CCB) and Bank of America have set up a US$6l5 million financial leasing venture, the first major Sino-foreign venture to start up formally in the nascent sector. Bank of America, which two years ago paid US$3 billion
      281 words
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  • INDIA
    • Article, Illustration
      Lock icon Cheapest Suzuki car in India may become cheaper
      753 11 Bloomberg This would provide competition to Tata Motors' proposed 100,000-rupeecar [TOKYO] Suzuki Motor Corp, facing growing threats to its 50 per cent share of India's car market, may cut the price of its cheapest car in the country to counter Tata Motors
      Bloomberg  -  753 words
    • Article
      Lock icon BURSA MALAYSIA
      2263 11 )ec28 RM COOO) A&M Realty 0.86 \bric Bhd 0.27 Advance Synergy 0.22 Adventa Bhd 1.42 AeMuIti Hldgs 0.30 Affin Holdings 2.53 Ahmad Zaki Resou 3.16 AicCorp 0.80 \irasia Bhd 1.60 Akn Technology 0.62 Alliance Financi 3.06 Aluminium Co 1.18 Amalgamated Ind 0.48 Aminvestment Grp ....unch \mmb Hldgs Bhd
      2,263 words
    • Article
      Lock icon Bharti Airtel to sell stake in tower arm
      299 11 Reuters [MUMBAI] India's leading mobile operator, Bharti Airtel Ltd, said yesterday that seven international investors, including Singapore investment company Temasek Holdings and Goldman Sachs, had agreed to buy up to 9 per cent in its tower arm for a total US$l billion,
      Reuters  -  299 words
    • Article
      Lock icon Congress party suffers 5th regional defeat
      312 11 [BANGALORE] India's ruling Congress party lost the elections in the Himalayan region of Himachal Pradesh, its fifth regional defeat this year and second setback this month. Congress, the ruling party in Himachal Pradesh, won only 23 of the 68 seats in the state Legislature
      312 words
    • Article
      Lock icon India's inflation at 3.45% for 12 months to Dec 15
      343 11 Reuters [NEW DELHI] India's wholesale price index rose 3.45 per cent in the 12 months to Dec 15, lower than forecast and reinforcing analysts' expectations that interest rates are most likely to remain steady at the central bank review next
      – Reuters  -  343 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Japan markets hit by Pakistan crisis, price hike
      538 12  -  ANTHONY ROWLEY Yen leaps vs dollar, stocks slide after consumer price rise reaches 10-year high JAPAN'S financial markets were caught up in fresh turmoil yesterday following the assassination of Pakistani Opposition leader Benazir Bhutto, and news that Japanese consumer prices experienced their
      538 words
    • Article
      Lock icon Toronto takes on London, New York in diversity game
      507 12 Reuters [TORONTO] Toronto may be pushing past New York and London as the world's most diverse city, with half its residents born outside of Canada, new census figures show. But the bigger rivals of Canada's largest city aren't giving up their
      – Reuters  -  507 words
    • Article, Illustration
      Lock icon Citi, HSBC mulling sale of units: report
      599 12 Reuters, Bloomberg [NEW YORK] US and European banks including Citigroup and HSBC Holdings are mulling sales of parts of their businesses from branches to entire units in a nod to crunch times ahead, the Wall Street Journal reported on its web site on
      Reuters, Bloomberg  -  599 words
    • Article
      Lock icon Nov new home sales plunge to 12-year low
      381 12 -AP LATEST US DATA [WASHINGTON] Sales of new homes in the US plunged last month to their lowest level in more than 12 years, a grim testament to the problems plaguing the housing sector. The Commerce Department yesterday reported that new home
      -AP  -  381 words
    • Article, Illustration
      Lock icon Hello Kitty sets its sights on fashionable young men
      275 12 -AP [TOKYO] Hello Kitty is no sexist. The cute cuddly white cat from Japan's Sanrio Co, usually seen on toys and jewellery for girls and young women, will soon don T-shirts, bags, watches and other products targeting young men, company spokesman
      -AP; J AP  -  275 words
    • Article
      Lock icon Buffett starts US municipal bond insurer, WSJ says
      408 12 Bloomberg, Reuters [LONDON] Billionaire investor Warren Buffett is starting a bond insurer that may take US lo-cal-government business away from companies including MBIA Inc and Ambac Financial Group Inc, the Wall Street Journal reported. Berkshire Hathaway Assurance Corp was to open for
      – Bloomberg, Reuters  -  408 words
    • Article
      Lock icon Talks on forming coalition hit snag in Thailand
      487 12 PPP rejects five conditions set by two small outfits [BANGKOK] Talks to set up a stable coalition government in Thailand hit a snag yesterday after the party backing ousted premier Thaksin Shinawatra rejected all conditions set by small political outfits. The pro-Thaksin
      AFP, AP  -  487 words
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  • WORLD
    • Article
      Lock icon Warner deal may help Amazon take bite out of Apple
      567 13 Record label's sale of digital songs sans anti-piracy shield takes aim at iTunes [SAN FRANCISCO] One of the strongest rivals to Apple Inc's iTunes Store got stronger on Thursday when Warner Music Group said it would sell digital songs without
      567 words
    • Article, Illustration
      Lock icon Designer Ost says it with flowers
      537 13 niuuinuvry [BRUSSELS] For a party thrown by French billionaire Francois Pinault last year, Belgian flower designer Daniel Ost created six-foot-tall cypress trees as centrepieces for some 100 tables. During the celebration of the opening of Palazzo Grassi, Mr Pinault's contemporary art space in Venice,
      niuuinuvry; BLOOMBERG  -  537 words
    • Article
      Lock icon More banks, insurers likely to raise capital
      519 13 Reuter: Amounts needed depend on writedowns to come [NEW YORK] Merrill Lynch may be the latest financial services company to raise capital, but it is unlikely to be the last. US investment banks have been burning through capital as they write down sub-prime
      Reuter:  -  519 words
    • Article
      Lock icon Deloitte agrees to pay Delphi investors US$38m
      341 13 AP [DETROIT] The accounting company Deloitte Touche has agreed to pay U5538.25 million as part of a US$325 million settlement of investor claims of misconduct by Delphi Corp the largest auto parts supplier in the US and those that oversaw its finances. Delphi
      AP  -  341 words
    • Article
      Lock icon Apple seen launching iTune movies
      512 13 AP, Reuters Move to come with licensing of antipiracy technology [SAN JOSE, California] Apple is preparing to announce next month the long-rumoured launch of a movie rental service through its online iTunes Store, as well as a groundbreaking licensing deal of its anti-piracy technology moves
      AP, Reuters  -  512 words
    • Article
      Lock icon Exxon Mobil, BP may lose leases to Alaska oil field
      420 13 Bloomberg [ANCHORAGE] Exxon Mobil, BP and other oil companies may have their leases for an Alaska oil and gas field revoked by the state because they took too long to develop it, a judge said on Wednesday. Alaska Superior Court
      Bloomberg  -  420 words
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  • FOCUS: CRISIS IN PAKISTAN
    • Article, Illustration
      Lock icon Pakistan's 'B+' rating at risk, says S&P
      549 14 [NEW YORK] Standard Poor's said on Thursday that its "B+" sovereign foreign currency rating could be lowered if the assassination of opposition leader Benazir Bhutto leads to a period of political ty"lf this assassination ushers in a period of heightened political instability, the
      BLOOMBERG  -  549 words
    • Article
      Lock icon Bhutto death drives Pakistan into 'uncharted waters'
      601 14 Reuters Dire scenarios: stalled elections and instability in the region [LONDON] The assassination of Opposition leader Benazir Bhutto has thrown Pakistan into one of the worst crises in its 60-year history, raising the spectre of widespread civil unrest and the threat of cancelled
      – Reuters  -  601 words
    • Article
      Lock icon Long list of suspects in killing
      499 14 LAT-WP [WASHINGTON] A single assassin apparently pulled the trigger and detonation cord to kill former Pakistan prime minister Benazir Bhutto, but he could have been working with any number of Islamist extremist groups, US intelligence officials and South Asia analysts said on Thursday. Ms
      LAT-WP  -  499 words
    • Article
      Lock icon S'poreans urged to take care in Pakistan
      164 14 Bernama [SINGAPORE] The Singapore government advised its nationals in Pakistan to take all necessary precautions for their personal safety following the killing of former Pakistan prime minister Benazir Bhutto in Rawalpindi on Thursday. The Ministry of Foreign Affairs said they should monitor the
      Bernama  -  164 words
    • Article, Illustration
      Lock icon A life of epic controversy
      492 14 AP [ISLAMABAD] Benazir Bhutto was many things zealous guardian of her dead father's legacy, aristocratic populist, accused rogue, even one of People magazine's 50 most beautiful people. And in the end, she was a victim of roiling passions in the nation she sought to lead
      AP; REUTERS  -  492 words
    • Article
      Lock icon Bhutto's Oct e-mail raised security concerns
      352 14 LAT-WP [WASHINGTON] Two months ago, Benazir Bhutto complained to an old friend about an inadequate security detail even as the death threats against her mounted. On Thursday, that e-mail read like an accusation from the grave. "If anything happens to me, make sure fir
      LAT-WP  -  352 words
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  • MOTORING
    • Article, Illustration
      Lock icon At the crossroads
      2047 15 With more budget Chinese cars entering Singapore this year and as parallel importers prepare to celebrate yet another boom year, how did the rest of the motor industry face the competition in 2007? And what will the prospects be for cheaper car models in 2008 amid the
      2,047 words
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  • GOLF
    • Article, Illustration
      Lock icon Reflections on another lively year
      1058 16 JUSTINE MOSS looks back at 2007 and lists the achievements, challenges and defining moments, as well as a number of highlights and lowlights AS the year draws to a close and professional golfers continue to enjoy their break from the driving range and tournament course,
      PHOTOS: REUTER:  -  1,058 words
    • Article
      Lock icon BT's wish list for 2008
      188 16  -  JUSTINE MOSS An Asian male to win a Major championship. Phil Mickelson to tell his pals back home to make the trip down to Singapore and the region, resulting in more big names making the effort and raising interest and profile in the game. Tiger
      188 words
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      Lock icon Page 16 Advertisements Column 1
      973 16 wine&dine with weekendßT Oscar's, Conrad Centennial Singapore Maru Korean BBQ and business associates. Other classic Christmas drinks and pass around tapas; Second/Third levels: $38 mm i n i imi n^_ takeaway treats such as decorated Christmas fruitcake nett inclusive of one housepour. Two Temasek Boulevard. Tel: 6432 7481 27Mohamed Sultan
      973 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Body of evidence
      1540 17  -  With the new year approaching, you might just find yourself making the same resolutions you make every year to lose a bit of weight, and lead a healthier lifestyle. To help with this, here's a model of fitness to inspire you. CHEAH UI-HOON reports Wr INNIE Bedi
      :JOHN HENG  -  1,540 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      340 17 CRYPTIC CROSSWORD V _H^ _H^ _H^ .H 7 .H* I T _H^ T^ To- ijß^-!^ 12~~ ij^ Ts- i^ i^ w i^^^H i_H^^^ ACROSS changed ends with explorer 7 Joseph preceded Bill, the (8) man who was the father of 4 Rigid court room (6) the Virgin Mary (7) 5
      340 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Retail at T3 set for take-off
      1059 18 Finishing touches are still being made on about a hundred shops, with everyone rushing to get things in perfect shape in time for the Jan 9 flights, reports CHRISTOPHER LIM F TOM Hanks had been stuck at Changi Airport in the movie The Terminal,
      FILE PHOTO  -  1,059 words
    • IN STORE AT THE MALLS
      • Article, Illustration
        Lock icon A cut above the rest from Philips
        98 18 SAY goodbye to stubble on your face and chin with the new Philips Arcitec shaver, designed to be a cut above the rest. With three swivelling heads with self-shar-pening blades, the Arcitec guarantees maximum skin contact even on curved areas. Each head has
        98 words
      • Article, Illustration
        Lock icon Luminous quartet from Goldheart
        114 18 CELEBRATE the new year with Goldheart Jewelry's new collections. Exquisite white gold and brilliant round diamonds are topped with a luminous quartet of amethyst, topaz, citrine and prasiolite gems. Prices start from $998 for a ring and $758 for a pendant (above). Also, look out for
        114 words
      • Article, Illustration
        Lock icon Twin packs from Pernod Ricard
        157 18  -  ANY wine connoisseur worth his salt will be familiar with the Wyndham Estate portfolio by Pernod Ricard. The Australian brand's BIN range of wines is known for its distinctive full and intense fruit style expect peach and melon aromas in the BIN 222 Chardonnay and
        157 words
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  • PERSONAL SPACE
    • Article, Illustration
      Lock icon A secret garden in Seletar
      1144 19 The residents of Seletar Camp have recently been living with the knowledge that progress has finally caught up with their suburb, reports GEOFFREY EU ITH its narrow country lanes, quaint English road names, simple sin-gle-storey colonial-era nouses and verdant scenery with not a single high-rise
      PHOTOS: JOHN HENG  -  1,144 words
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  • The Business Times weekend
    • Article, Illustration
      Lock icon The year of eating wel
      1470 20  -  IF A booming economy is what it takes to boost the local dining industry, then here's to more good years because 2007 was the year when we ate exceptionally well. Despite clouds cast by rising food prices, a commensurate rise in disposable income made this
      1,470 words
    • Article
      Lock icon Looking forward, staying ahead
      484 20 IT doesn't take a crystal ball to figure out that the pattern of new restaurant and bar openings will continue well into the next year, and beyond. Several prominent players in the local food scene are already planning to open new venues in the new year.
      484 words
  • Page 20 Miscellaneous