The Business Times, 5 January 2008

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Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents a|p* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA(P) 122/12/2007 January 5-6,2008 online at http://business-times.asial.com.sg
    24 words
  • Article
    Lock icon SIA's China carrier bid: the math's not good
    930 1  -  YEN SREENIVASAN Bloomberg H share institutional investors hold key, as Air China's parent plays hardball By [SINGAPORE] As the battle for a slice of China Eastern Airlines heats up, the numbers game suggests a nerve-wracking ride for Singapore Airlines. China National Aviation
    Bloomberg  -  930 words
  • Article
    Lock icon Lone crude trader's stunt took oil past US$100
    291 1 -AFP He wanted to be the first to buy oil at that price: analysts [NEW YORK] A lone trader out to win a little fame made the purchase that took oil prices to the historic US$lOO a barrel level this week, analysts
    -AFP  -  291 words
  • Article, Illustration
    Lock icon Obama sells message of change to stun Hillary in lowa
    906 1 AFP Shock in Republican camp, too, as Huckabee trumps Romney [DES MOINES, lowa] The Democratic and Republican establishments and their presidential candidates, Senator Hillary Rodham Clinton and former Governor Mitt Romney, were brought low in lowa, shaken seriously by two
    AFP; BLOOMBERG  -  906 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      38 1 ■Im %e\\\m, TRAVEL FOOD MOTORING F* 26 hot spots New Chinese Along came mm. jm^ •Q^LW^^eW to visit restaurants galore aSpyder f^| > p4:<i JBf tf PAGE 19 JF PAGE 20 PAGE 15 -w-\J> I RAFFLES CONVERSATION PAGE 3
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  • TOP STORIES
    • Article
      Lock icon Minority owners want High Court to overturn STB decision
      763 2  -  MICHELLE QUAH HORIZON TOWERS COURT CASE This again throws successful completion of en bloc sale in doubt By [SINGAPORE] The Horizon Towers saga is far from over. In fact, it's starting anew. Disgruntled minority owners have banded together to appeal against
      763 words
    • Article, Illustration
      Lock icon Gadget buffs ready for CESto open next week
      705 2 Reuters But economic factors may dampen demand: analysts [NEW YORK/ SAN FRANCISCO] The world's premier consumer electronics show kicks off in Las Vegas next week, but economic headwinds may mute the glitz and glamour of a conference that defines what gadgets are
      Reuters; AP  -  705 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        46 2 1 COMP 1,466.67 +31.29 IIKKEI 225 14,691.41 -616.37 IANG SENG 27,519.69 +632.41 SET INDEX 821.71 -10.92 JAKARTA COMP 2,765.19 +50.13 1ANILACOMP 3,479.37 -22.01 ;eoulcomp 1,863.90 +11.17 ;henzhen b 722.10 -0.05 IUMBAI IND 20,686.89 +341.69 J 0.45AM EDT Change 12,894.63 -162.09 )OW IAS DAI 2,542.64 -60.04
        46 words
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 6.75 INDONESIA 15.552 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 7.25 CANADA 6.00 SWITZERLAND 3.90 INDIA 12.75 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        36 2 IS$ (S$ per US$) 1.434 (US$/S$ ier 1.968 2.822 URO(USS/S$/E) 1.470 2.108 'EN 109.30 76.20 3.284 2.290 N<$ 7.803 5.441 !AHT 33.46 23.33 IUPIAH 9,424 6,572 IENMINBI 7.274 5.073 INDIAN RUPEE 39.34 27.43 1.137 0.793
        36 words
    • Article
      Lock icon Raffles Dubai a blend of Asian and Arabian flair
      525 2  -  CHUANG PECK MING It marks Raffles Hotels Resort's foray into Mid-east By [SINGAPORE] A lion dance and a pyramid make an odd pair, but it was that quintessentially Asian performance which recently marked the official opening of Raffles Dubai, a grand
      525 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon OCBC to buy Malaysian financial services firm
        63 2 OCBC Bank, which already owns 28.15 per cent of Pacific Mas Bhd (Pacmas), has unveiled plans to buy the rest of the Malaysian financial products and services group for about RMS2B miUion (*****.5 miUion). OCBC Bank (Malaysia) already distributes some of Pacmas's unit
        63 words
      • Article
        Lock icon Boom year for investment bankers
        48 2 INVESTMENT bankers earned as much as US$l3.7 billion from Asia-Pacific ex-Japan deals in 2007, according to estimates released yesterday. Thomson Financial said that the US$l3.7 billion earned on 14,500 deals was up 34 per cent from the year before. COMPANY NEWS, PAGE 5
        48 words
      • Article
        Lock icon Old Chang Kee launches IPO for Catalist listing
        70 2 THE Singapore Exchange's revamped junior board Catalist could soon get a whiff of curry puff, with an impending listing by Old Chang Kee. The food and beverage group, known for its hot-selling curry puffs and Chinese fried snacks, has registered its prospectus
        70 words
      • Article
        Lock icon PIL in venture with PSA to operate container terminal
        59 2 PACIFIC International Lines (PIL) yesterday signed a joint venture agreement with PSA Singapore Terminals to jointly manage and operate a dedicated container terminal for PIL at Keppel terminal. The new PIL-PSA Singapore Terminal will operate three container berths and is expected
        59 words
      • Article
        Lock icon UOL-Kheng Leong is top Simei site bidder
        73 2 A PARTNERSHIP between UOL Group and Kheng Leong both companies linked to banker Wee Cho Yaw emerged as the top bidder for a residential site at Simei Street 4 at the close of the tender yesterday. The two companies' bid, which was the
        73 words
      • Article
        Lock icon CPO futures look set for bullish year
        54 2 FOLLOWING the breakthrough in the March 2008 CPO (crude palm oil) futures contract to a new high of RM3.150 a tonne, price assumptions for the year have been revised upwards. Most analysts are now projecting an average of RM2.900 from RM2.600 to RM2.700
        54 words
      • Article
        Lock icon China forex arm buys stake in Aussie banks
        67 2 THE entity that manages China's huge foreign exchange reserves has bought stakes in three of Australia's largest banks, the UK-based Financial Times reported yesterday. Although the stakes purchased were small, the secretive nature of the deals and the entity's attempts to deny
        67 words
      • Article
        Lock icon Tokyo stock prices sharply down amid dollar fears
        51 2 TOKYO stock prices plunged dramatically yesterday as markets were gripped by fears that a plunging dollar could kill off Japan's export-led economic recovery this year. The dangers of recession have suddenly loomed larger as the New Year opens, analysts said. ASIA-PACIFIC/WORLD, PAGE
        51 words
      • Article
        Lock icon lowa Democrats ready for change, pick Obama
        110 2 WHETHER it was because they were eager to leave behind the bitter divides of the last two decades or because they wanted to send a message that a small white state could transcend the issue of race, lowa voters dispelled the scepticism that
        110 words
  • Page 2 Advertisements
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Eric Khoo's movie magic
      2700 3 Award-winning filmmaker tells PARVATHI NAYAR why his movies are personal and always about Singapore WOULD love my films to travel and all that, but why not keep it as something about ourselves, keep it local? We are, after all, a nation filled with 'tasty' characters," says
      PHOTOS BY JOHN HENG  -  2,700 words
    • Article
      Lock icon Raffles
      97 3 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
      Lock icon OCBC to buy M'sian financial services firm
      280 4  -  CHOW PENN NEE It intends to offer RM4.30 per Pacmas share, valuing the target at RM735m By OVERSEA-Chinese Banking Corporation (OCBC), which already owns 28.15 per cent of Pacific Mas Bhd (Pacmas), has unveiled plans to buy the rest of the Malaysian financial
      280 words
    • Article
      Lock icon Cosco Singapore to expand capacity in region
      208 4 Bloomberg [HONG KONG] Cosco Corp Singapore Ltd, the shipbuilding and repair unit of China's biggest shipping line, said that it is seeking to expand capacity in China and South-east Asia as demand rises for moving raw material, fuel and consumer goods. "We don't
      Bloomberg  -  208 words
    • Article, Illustration
      Lock icon Wall St, oil prices call the shots in a weak week
      563 4  -  R SIVANITHY STOCKS NOT wholly unexpectedly, 2008 has got off to a bad start, yesterday's short-covering bounce here notwithstanding. Oil crossed US$lOO a barrel for the first time. And on Wednesday, the Dow Jones Industrial Average suffered its worst-ever
      563 words
    • Article
      Lock icon SGX MAINBOARD
      8477 4 Transaction date: Jan 4 »-wks Tel Low Code Com[ Last Sale Vol ('000) Hit )ay L Low Bu; .ast Quote yer Seller Div C'vr Net P/E I Cap $mil i an; 5716 1st Software 11 8.5 3148 STelecom 34 15.5 5834 A-Sonic 104 98 6389 ABF SG Bond
      8,477 words
    • Article
      Lock icon Boom year for investment bankers
      480 5  -  MATTHEW PHAN Estimates show 2007 fees earned in Asia Pac ex-Japan ranging as high as USsl3.7b By INVESTMENT bankers earned as much as US$l3.7 billion from Asia-Pacific exJapan deals in 2007, according to estimates released yesterday. Thomson Financial said that the US$l3.7 billion earned on
      480 words
    • Article
      Lock icon UOB plans holding firm for Jakarta banks
      183 5 Bloomberg, Reuters UNITED Overseas Bank (UOB), Singapore's secondlargest bank by assets, plans to create a holding company for its two Indonesian lenders by 2010 to meet ownership rules. UOB expects Indonesian tax policies that would help make the plan feasible to be in
      – Bloomberg, Reuters  -  183 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        64 5 VOLUME Sai ire 161,889,000 Memstar 97,582,000 JES 81,757,000 FirstRes 72,110,000 FirstRes MEReCW*****8 55,065,000 Golden Ai ITi. 41,786,000 Yan. |zi ian 37,040,000 China XLX 32,462,000 JiutianC 32,309,000 Di Hand 30,527,000 Clob Cai litaLand 112,980,664 FirstRes 101,029,060 Golden Ai iri 94,422,760 DBS Gr| 76,280,868 Cosco Cor 73,117,484 Yan. izi.
        64 words
      • Article
        Lock icon RISES
        107 5 BY CENTS CLOSE UP China H 10US$ 2062 100.3 3. GLD 10US$ 8560 86.0 0.7 JMH 2850 77.4 1.9 Great Eastern 1720 60.0 3.6 STI ETF IOPV 3523.9 41.0 1.2 HK Land 495 35.8 5.3 Cosco Cor| 593 33.0 5.! J<ej Con 1300 28.0 2.2 JSH 1594 25.8 1.1
        107 words
      • Article
        Lock icon FALLS
        127 5 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN CoscoCori ;BeCW*****1 156 -55.0 -26.1 Jardine C&C 2080 -52.0 -2.4 Cit> lev 1354 -18.0 -1.3 Shan iriLa Asia 2420 -15.6 -3.4 S I A 1696 -14.0 -0.8 CIMBAsean40 100US$ 1002 -11.5 -0.8 STI
        127 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      75 5 Up Down Unch 8 5 4 Up Down Unch OOP Up Down Unch 8 5 4 lulti Ind lanufacturini 94 40 67 14 17 108 46 lommerce 32 17 20 34 26 24 itor/ lomms :inance 15 15 lonstruction 14 lotels/Rsts iervices 39 24 11 10 11
      75 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 5 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 13,596 13,596 74,913 74,913 lanufacturint 485,047 46,408 531,455 531,243 9,576 540,819 Commerce 101,116 2,837 103,953 81,938 677 82,615 'pt/Stor/Comms 109,911 1,543 111,454 305,123 577 305,699 :inance 34,088 34,088 247,602 247,602 Construction 64,835 166,515 231,350 29,096 4,583 33,679 'roperties 62,501
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      220 5 tod name lose lange Jlgreen 0.44 1.440 +0.010 \scendasreit 0.88 2.410 +0.060 CapitaComm 0.47 2.290 -0.010 Capita Land 4.07 6.250 +0.040 Capita Mall 0.94 3.340 +0.010 Chart SemiCond 0.50 0.940 +0.005 CityDev 2.60 13.540 -0.180 ComfortDelGro 1.26 1.790 +0.030 Cosco Corp 1.96 5.930 +0.330 Creative Tech
      220 words
    • Article
      Lock icon BONDS & WARRANTS
      2210 5 BONDS WARRANTS re I lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Prem Expiry Disc Gear- Mths ing Left >036 Advance SCT Ltd W*****9 30 3798 Ascendas REIT SGA ECW*****3 8.5 1851 AusGroup MER ECW*****8 15 3657 Biosensors DB ECW*****3 42 3793 CapitaMall Trust SGA ECW*****4 3
      2,210 words
    • Article
      Lock icon SGX CATALIST
      2356 5 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
      2,356 words
    • Article
      Lock icon SGX XTRANET
      85 5 52-Wk Tel High Low Code Last Sale Vol COOP) Day )h Low Last Quote Buyer Seller Div GrYld Net MCap 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 ***** *****
      85 words
    • Article
      Lock icon CLOB INTERNATIONAL
      71 5 52-Wk Tel High Low Code Last Sale Vol COOP) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E Sinil Comi 'an: Hii 141 104 6000 AVJennings 21.5 5 6134 Over&Gen 64 25 6017 StarCruises 320 181 6019 TanChonglnt A111 A15 US30 HK273 unch -1
      71 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      961 6  -  UMA SHANKARI CapitaCommercial Trust Jan 4 close: 552.29 DBS GROUP RESEARCH, Jan 4 MARKET Street carpark for conversion to office: CCT has announced that outline planning permission (OPP) was obtained for the redevelopment of the carpark asset in Market Street, which is an eight-storey building strategically located in
      Bloomberg  -  961 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      990 6 For week beginning Dec 31 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Digiland Intl 31-Dec-08Tan Kim Yong Sell ***** na *****87 30.69 *****87 30.53 ASAGrp 31-Dec-08PohChooBin Buy 35 na
      990 words
    • Article, Illustration
      Lock icon Windfalls: not quite the ticket to paradise
      1217 6 -AP Financial freedom often turns out to be more elusive than initially expected SO WHAT would you do if you got your wish and suddenly came into a lot of money by winning the lottery, perhaps, or getting a six-figure insurance settlement or
      -AP; REUTERS S  -  1,217 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      23 6 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use.
      23 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Old Chang Kee launches IPO for listing on Catalist
      471 7  -  CHEN HUIFEN 'Our listing on the Singapore Exchange marks the beginning of a new phase and serves as a launch pad for us to take Old Chang Kee to even greater heights' Old Chang Kee CEO William Lim Tao-E The group
      471 words
    • Article
      Lock icon Offer a way out for Vantage minorities
      147 7 FOR minority shareholders of Vantage Corp who have to bear with the long share trading suspension, Galleria Resources' general offer must have come as a relief. Vantage shares have been suspended for more than three years since September 2004 after it sold its
      147 words
    • Article
      Lock icon Jurong Shipyard clinches US$280.5m contract
      433 7  -  CONRAD RAJ By JURONG Shipyard, a wholly owned subsidiary of mainboard-listed SembCorp Marine (SembMarine), has landed the first major offshore marine deal of the new year. SembMarine, the world's second largest maker of offshore marine drilling rigs, announced yesterday that Jurong Shipyard had been awarded
      433 words
    • COMPANY BRIEFS
      • Article
        Lock icon Annaik wins wastewater deals
        77 7 ANNAIK has secured three contracts to build, operate and own wastewater treatment plants in three towns of Zhejiang province's Huzhou city, China. The company, through subsidiary Anxon Eco Holdings, will own 60 per cent interest in these three plants while the remaining 40 per cent will
        77 words
      • Article
        Lock icon Labroy trading suspension
        52 7 AT the close of the offer for shipbuilder Labroy Marine's shares yesterday, Dubai Drydocks World said that it had received valid acceptances amounting to a stake of 98.39 per cent in Labroy, paving the way for it to be delisted. Labroy has asked for share trading suspension
        52 words
    • Article
      Lock icon Indonesia's telco sector still competitive: SingTel
      452 7  -  OH BOON PING It emphasises its stance that KPPU ruling is groundless By SINGTEL Mobile, which is battling an anti-trust case in Indonesia, yesterday demonstrated how the telco sector there is truly competitive, even though the Singapore operator has a stake in the Telkomsel
      452 words
    • Article
      Lock icon CSC to buy 70% of Wisescan Engg for $2.7m
      308 7  -  CHEW XIANG By CONSTRUCTION group CSC Holdings, which specialises in foundation and geotechnical engineering, has signed a sale and purchase agreement for a 70 per cent stake in Wisescan Engineering Services for $2.65 miUion. The purchase will be made through CSC's
      308 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      559 7 BOFFER SHIPPING PTE LTD I (Company No. *****7698W) N TH E MATTER OF notice of special resolutions QUAH HIANG SOO COMPANY PRIVATE LIMITED SSraord,nl« EB g E Se Vr Ea N l melting o"f (COMPANY REG. NO. *****0193R) r^^ S^oaSSSSwi dulyEß?onvl™ Gand (In Members' Voluntary Liquidation) m^^ balestier poi'nt Bsingapore
      559 words
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      Lock icon Page 7 Advertisements Column 2
      91 7 LIVE LIFE BETTER! I LIVE LIFE BETTER! I JAMIAHV OE/ 56.00 I I Andrea Js^ Fnn<splc vice I GIRL'MAKES h *>™f. I I a I THir PRIP mJ Charm Chicks I HUniuJLK 1L L/ with Cocktails I DEBUT! And More I I 'Oysters f I Get Your O i X
      91 words
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      Lock icon Page 7 Advertisements Column 3
      9 7 HluJJjjH nbdownloadsoftwar?SMs7eword7apno733o^^^PQQ^^ Terms and conditions apply, -see u^m^^T^ More-1
      9 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon PIL in venture with PSA to operate container terminal
      535 8  -  VINCENT WEE New dedicated terminal will operate three container berths and is expected to begin operations next month By PACIFIC International Lines (PIL) yesterday signed a joint venture agreement with PSA Singapore Terminals to jointly manage and operate a dedicated container
      535 words
    • Article
      Lock icon Terminal 3's first flight will arrive on Wednesday
      375 8  -  NISHA RAMCHANDANI Meanwhile, Changi Airport welcomes second carrier from Sri Lanka By OPERATIONS at Changi Airport's spectacular new Terminal 3 will start on Wednesday, with the first flight, SQOOI, arriving at 11.50 that morning. The first flight to depart, the London-bound SQ3IB,
      375 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7741 8 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 1.025/ Star Europe Bond 1.212/ Star Europe Bal 1.235/ Star Asian Tiger Eqty 1.656/ Star Asia Bond 1.254/ Star Asia Balanced 1.054/ Star Global Technology Fund!" 0.227/ Multi St Fd 0.917/ Star Asia Bond(USD) 0.871/ Gib Multi St USD
      7,741 words
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  • SINGAPORE NEWS
    • Article
      Lock icon UOL-Kheng Leong is top Simei site bidder
      449 9  -  UMA SHANKARI UOL says it plans to develop about 600 units with full condo facilities at the site on Simei Street 4 By A PARTNERSHIP between UOL Group and Kheng Leong both companies linked to banker Wee Cho Yaw emerged as the top
      449 words
    • Article
      Lock icon Sun Hung Kai unit opens S'pore branch
      318 9  -  TAN SEO YEAN By HONG KONG financial company Sun Hung Kai Financial (SHKF) yesterday launched the first branch of its wholly owned subsidiary here, expanding its presence in South-east Asia. Building on the success of businesses in Hong Kong and Taiwan, the Singapore
      318 words
    • Article, Illustration
      Lock icon Hong Leong Group approaching property launches with caution
      501 9  -  ARTHUR SIM CDL may consider putting off redevelopment By THE Hong Leong Group, which includes Hong Leong Holdings (HLH) and City Developments Ltd (CDL), appears to be taking a cautious approach to new property launches amid the fallout from the US sub-prime
      501 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      127 9 m We train so many Goodness, no. people that we Never again have to create would I run for \gy restaurants for president of the '^T,^ them. -^-x United States. I'm quite clear about the Atik uselessness of nostalgia. I V^ live fully in the places that I reside and
      127 words
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      Lock icon Page 9 Advertisements Column 2
      11 9 f^'jAJl i3m i id IfiM. GET YOUR COPY NOW! 83^988 sPHmagazines
      11 words
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      Lock icon Page 9 Advertisements Column 3
      40 9 jIEASYSTEPSL ■fc TO WIN: 1 STEP~~2: MEE! BOTH I <sSK^^'f CARDEGALS 1 '^Ss/A: FROM OUR IMEHBIiY DJS Bn ■-^^""^sß" STEP 4IISTM!'/ 9L3 DAILY W iTii 1/ TO CHECK IP <*^' I*™! YOU ARE THE a*-'.™iJjSi|l JS™ ll- WINNER!!! "HSiSFM WWW.RADIO9I3.COM i
      40 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon CPO futures look set for bullish year
      570 10  -  PAULINE NG Analysts revise price assumptions upwards to an average of RM2.900 By in Kuala Lumpur GOING by the bullish trend of CPO (crude palm oil) futures, plantation companies are set for yet another golden year. Floods in December may have put a
      AFP  -  570 words
    • Article
      Lock icon RHB to launch RMlb CLO
      225 10 Reuters [KUALA LUMPUR] Malaysia's RHB Investment Bank is launching a collateralised loan obligation (CLO) worth about RMI billion (***** million) to raise financing for a group of firms, a source close to the deal said yesterday. The CLO will be the bank's second after it
      Reuters  -  225 words
    • Article
      Lock icon BURSA MALAYSIA
      2269 10 in 4 RM C000) \&M Realty 0.87 \bricBhd 0.28 \dvance Synergy 0.20 \dventaBhd 1.45 \eMulti Hldgs 0.30 \ffin Holdings 2.55 \hmad Zaki Resou 1.89 Me Corp 0.79 Mrasia Bhd 1.61 \kn Technology 0.62 Mliance Financi 3.08 Muminium Co 1.20 Amalgamated Ind 0.52 \minvestment Grp unch \mmb Hldgs Bhd
      2,269 words
    • Article
      Lock icon Travel agents may increase charges for MAS travellers
      451 10 [KUALA LUMPUR] Malaysia Airlines (MAS) passengers will likely have to pay more for tickets bought through travel agents after the carrier's decision to stop paying commission on the fares from this year, according to a report in Malaysia's Business Times. According to
      451 words
    • Article
      Lock icon Malaysia's export growth slows on electronic sales
      339 10 Bloomberg [KUALA LUMPUR] Malaysia's exports probably grew at a slower pace in November as a weakening US economy and high oil prices delayed a revival in electronics orders. Overseas shipments rose 4.2 per cent from a year earlier, after a 14.3 per cent
      Bloomberg  -  339 words
    • Article, Illustration
      Lock icon MCA party chief is Malaysia's new health minister
      148 10 Reuters [KUALA LUMPUR] Malaysia yesterday appointed the chief of the country's second-biggest political party as acting health minister, after his predecessor resigned following a sex tape scandal. Ong Ka Ting, president of the Malaysian Chinese Association (MCA) and also housing and local
      Reuters  -  148 words
    • Article
      Lock icon Indonesia's Suharto has hospital check-up
      270 10 -AFP [JAKARTA] Indonesia's former dictator Suharto was taken to hospital yesterday for a check-up and would possibly stay overnight, a lawyer and hospital spokeswoman said, but they could not confirm his complaint. The 86-year-old recluse, who has been in and out of hospital for various
      -AFP  -  270 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China forex arm buys stake in Aussie banks
      493 11 -AFP, Reuters CIC buys shares in 3 biggest banks through low-key subsidiary: paper [BEIJING] The entity that manages China's huge foreign exchange reserves has bought stakes in three of Australia's largest banks though a secretive subsidiary, the UK-based Financial Times reported yesterday.
      -AFP, Reuters; REUTERS  -  493 words
    • Article
      Lock icon CIC receives more than 100 applicants
      507 11 Bloomberg Money managers seek help to invest in global equity [BEIJING] China Investment Corp (CIC), the nation's US$2OO billion sovereign wealth fund, has received more than 100 applications from money managers to help it invest in global equity markets, a person involved in the
      – Bloomberg  -  507 words
    • Article
      Lock icon Shanghai maglev train line extension may cost double
      262 11 Reuters (SHANGHAI) The cost of extending Shanghai's magnetic levitation (maglev) train line may more than double, to take into account local residents' concerns about exposure to radiation and noise, an official newspaper in China reported yesterday. A revised plan of the railway's
      – Reuters  -  262 words
    • Article
      Lock icon Consumption to hit record low
      429 11 Xinhua [BEIJING] China's consumer spending, blamed for lacklustre contribution to the world's fastest-growing economy compared with investment and trade, will hit a record low in more than two decades, despite anticipated higher growth in urban income than that of the aggregate economy, according to analysts.
      – Xinhua  -  429 words
    • Article
      Lock icon BoCom gets nod to buy Changshu bank stake
      298 11 Bloomberg [BEIJING] Bank of Communications Ltd (BoCom), part-owned by HSBC Holdings pic, won regulatory approval to buy 10 per cent of Changshu Rural Commercial Bank in China's eastern Jiangsu Province. "It's approved," Bao Jian, an official at Changshu Rural's general office, said
      – Bloomberg  -  298 words
    • Article, Illustration
      Lock icon China clamps down on Internet video content
      377 11 -AFP [BEIJING] China has announced tough new rules to crack down on the explosion of audio-visual content on the Internet, reiterating that sex and politically sensitive material will not be tolerated. Only state-controlled entities will have the right to operate websites that post
      -AFP; REUTERS  -  377 words
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  • INDIA
    • Article, Illustration
      Lock icon Jaguar/Land Rover deal: Tata Motors 'pleased' with talks
      486 12 Reuters The company also says it is seeking to build a car assembly plant in Thailand [MUMBAI] Tata Motors Ltd, India's top vehicle maker, said on Thursday it was pleased with the progress in talks with Ford Motor Co after the American
      – Reuters; AFP  -  486 words
    • Article
      Lock icon The Tata Group
      127 12 Reuters Founded by Jamsetji Tata in the middle of the 19th century, Tata Group comprises 98 companies that employ nearly 290,000 people in various sectors including steel, salt, software, energy, cars and trucks, communications and chemicals. The group operates in over 85 countries and its revenue in
      – Reuters  -  127 words
    • Article
      Lock icon India should auction mobile TV licences
      268 12 Reuters Regulator allows up to 74 per cent foreign investment [NEW DELHI] India's telecoms regulator has recommended auctioning licences for broadcasting mobile television services, and said that a provider must transmit signals using either terrestrial systems or satellite. Mobile TV services allow subscribers to
      – Reuters  -  268 words
    • Article
      Lock icon Manmohan Singh to visit China from Jan 13 to 15
      242 12 AP Trip, amid warming ties, will include discussions on border dispute [BEIJING] Indian Prime Minister Manmohan Singh will visit China this month for talks that will include discussions on a disputed border area, the Chinese foreign ministry said, in a
      AP  -  242 words
    • Article
      Lock icon Rupee may touch 10-year high this month: traders
      602 12 Reuters [MUMBAI] The Indian rupee could test a decade high this month on flows into large stock offerings and comments by the central bank that seemed to suggest intervention may not be an effective weapon to thwart the rise, traders said. The
      Reuters  -  602 words
    • Article, Illustration
      Lock icon ICICI Bank set to borrow record amount in foreign currencies
      576 12 Bloomberg [MUMBAI] ICICI Bank Ltd, India's biggest by market value, may increase foreign borrowings by a third this year, from a record US$lO billion in 2007, to help clients fund overseas takeovers and investments. "The rise will be in line
      Bloomberg; REUTERS  -  576 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Tokyo stock prices fall sharply
      523 13  -  ANTHONY ROWLEY Nikkei down to 18-month low as fears of a return of recession grow By in Tokyo TOKYO stock prices plunged dramatically yesterday as markets were gripped by fears that a plunging dollar could kill off Japan's long-lasting and export-led economic recovery this year.
      AP  -  523 words
    • Article
      Lock icon State Street sued over fund losses
      387 13 -NYT [NEW YORK] State Street Corp, which manages US$2 trillion for pension funds and other institutions, ousted a senior executive on Thursday. It also would set aside US$6lB million to cover legal claims stemming from investments tied to mortgage securities. State Street made the
      -NYT  -  387 words
    • Article, Illustration
      Lock icon Bush ponders stimulus package for economy
      628 13 -NYT [WASHINGTON] US President George W Bush said on Thursday that he was considering whether to propose a stimulus package to shore up the economy, the clearest indication yet of a growing concern inside the White House over rising oil prices, the sub-prime mortgage
      -NYT; REUTERS  -  628 words
    • Article
      Lock icon December jobless rate hits two-year high
      618 13 AP, Reuters, Bloomberg LATEST US DATA Weaker than expected figure fans fears of recession [WASHINGTON] US employers added a scant 18,000 jobs in December, practically stalling hiring and driving the nation's unemployment rate up to a two-year high of 5 per cent, fanning fears
      AP, Reuters, Bloomberg  -  618 words
    • Article
      Lock icon 'Coup by stealth' in Thailand threatens pro-Thaksin victory
      527 13 Reuters [BANGKOK] Fears of a post-election dirty tricks campaign by Thailand's old guard appear to be coming true. Having come within a whisker of an outright majority in December's poll, the party backing ousted prime minister Thaksin Shinawatra is facing an unusually
      ■ Reuters  -  527 words
    • Article
      Lock icon Bad start for Dow may spell good year ahead, says report
      314 13 Bloomberg [NEW YORK] The worst start for the Dow Jones Industrial Average in a quarter century may foreshadow gains during the rest of this year, according to data compiled by JPMorgan Chase Co. The 1.7 per cent decline in
      Bloomberg  -  314 words
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  • THE 2008 CAMPAIGN
    • Article, Illustration
      Lock icon Differing views on foreign policy
      366 14 Republican Mike Huckabee and Democrat Barack Obama diverge on many issues related to US foreign policy IRAQ Obama Would begin immediately withdrawing from Iraq one or two brigades a month and have all troops out within 16 months. Wants to call a UN-led constitutional convention
      Reuters from candidates' websites ARTWORK: SARAH LOYOLA  -  366 words
    • Article
      Lock icon lowa Democrats ready for change, pick Obama
      813 14 -NYT He wins over younger voters, independents and the liberals [DES MOINES] Whether it was because they were eager to leave behind the bitter divides of the last two decades or because they wanted to send a message that a small white state
      -NYT  -  813 words
    • Article
      Lock icon Wall Street fears higher taxes after presidential election
      548 14 Reuters Plans by Democrats to reverse tax cuts will hurt the economy: economists [NEW YORK] As Americans begin the process of choosing their next president, some Wall Street analysts worry the election results could pave the way for higher taxes that would
      Reuters  -  548 words
    • Article
      Lock icon Huckabee's lowa victory doesn't settle anything
      665 14 LAT-WP His win ensures race for party nomination remains wide open [WASHINGTON] The resounding victory of former Arkansas governor Mike Huckabee in lowa's Republican caucuses means the race for the GOP's presidential nomination remains up for grabs among at least four candidates and may
      LAT-WP  -  665 words
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  • MOTORING
    • DRIVING NOTES
      • Article, Illustration
        Lock icon Extra lightweight Lotus
        161 15 SOT some spare change to spend on a circuit car that will stand out from the crowd on track day? At least two people in Singapore do. They have ordered the Lotus 2-Eleven. Based on the Lotus Elise road car, the 2-Eleven is a track-only version that
        161 words
      • Article, Illustration
        Lock icon Corolla catalyst?
        164 15 [T looks like the new Toyota Corolla Altis might just iickstart the sleepy new car market. More than 300 oeople have put down a $4,200 deposit for it. But luthorised distributor Borneo Motors Singapore declines ;o call them "orders" because the deposits are fully "efundable. The reason is
        164 words
      • Article, Illustration
        Lock icon Sweeter Chery
        111 15 CHINESE carmaker Chery has just introduced Singapore's cheapest sport-utility vehicle. The 1.6 litre Til is a mid-size model priced at $47,000 with COE. It is substantially cheaper than smaller Japanese SUVs like the Toyota Rush, which costs at least $10,000 more. The Nanjing-based manufacturer was the first China
        111 words
      • Article, Illustration
        Lock icon Honda and hamper
        92 15  -  SAMUEL EE YOU'VE heard of free road tax or free insurance being offered as incentives to buy a car. Now there's free bird's nest too. Authorised Honda distributor Kah Motor is giving away a Eu Van Sang hamper worth $188 for every car booked until the start
        92 words
    • Article, Illustration
      Lock icon Along came a Spyder
      624 15 With more and more car manufacturers offering retractable hardtops on their convertible models, the soft fabric roof may soon be rarer than a good filet mignon. SAMUEL EE samples the allure of two special soft-tops THE operation of an electrically operated roof on any convertible is
      PHOTOS BY ARTHUR LEI  -  624 words
    • Article, Illustration
      Lock icon Six appeal
      584 15 THERE is nothing quite like a soft fabric roof to fully capture the charm of a convertible both visually and aurally. But with more and more cabriolets embracing the practicality of the retractable steel roof and offering the double delights of coupe and convertible, the ragtop looks increasingly
      584 words
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  • GOLF
    • Article, Illustration
      Lock icon Rooting for Asian players
      1195 16 olfers and other professionals involved in the sport give JUSTINE MOSS their wish-lists for the year ahead THE holiday festivities are over, pro golfers have dusted off their spikes and the PGA Tour has commenced its season with this week's Mercedes-Benz Championship in Hawaii. As we
      REUTERS, AFI  -  1,195 words
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      Lock icon Page 16 Advertisements Column 1
      764 16 Wine&dine with weekendßT Mezeßar Oscar's, Conrad Centennial Singapore one-for-one Unique Sizzling Rock Specialties (from Breakfast daily from 6am to 10.30am. Lunch Monday to 333 Orchard Road, Merits Mandarin Singapore, Two Temasek Boulevard. Tel: 6432 7481 $19- 90++>- V°^<f MUST be Presented l° enJ°y the Friday from 12pm to 2 30pm
      764 words
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  • WELLNESS
    • Article, Illustration
      Lock icon This honey works where antibiotics fai
      887 17 Medihoney dressings, made by a New Jersey firm, are now sold to hospitals and clinics in the Americas [TRENTON, New Jersey] AMID growing concern over drug-resistant superbugs and non-healing wounds that endanger diabetes patients, nature's original antibiotic honey is making a comeback. More than
      FILE PHOTOS  -  887 words
    • Article, Illustration
      Lock icon Happiness may hold the key to good health: study
      535 17 Reuters [NEW YORK] A happy heart just might be a healthier one as well, new research suggests. A study of nearly 3,000 healthy British adults, led by Dr Andrew Steptoe of University College London, found that those who reported upbeat moods
      Reuters; FILE PHOTO  -  535 words
  • Page 17 Advertisements
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      289 17 CRYPTIC CROSSWORD ACROSS 6 Originate from the man at I Passing nothing whilst in Edinburgh (7) close cooperation (4,2,5) 7 Presented presently? (4-7) 7 Swelling enthusiast found g Locksmitl y s trade being in on oak-tree (7) dispensable? (3,8) 8 Problem behind TV 7 r k V *r 12 Creepy
      289 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Furnishing a market boom
      1181 18 etailers are striving to keep consumers in every segment of the furniture market happy, reports CHEAH UI-HOON THE bullish property market last year has not surprisingly brought about a boom in the furniture market. What we're seeing is stalwarts in the furniture retail business such as
      JOHN HENG  -  1,181 words
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  • TRAVEL
    • Article, Illustration
      Lock icon 26 hot spots to visit
      2207 19 Before you make your travel plans for the new year, check out GEOFFREY EU's A to Z of travel in 2008 A is for Aeolian Islands REMOTE and not easily accessible, this group of volcanic islands is in the Tyrrhenian Sea about 25-50 km off
      AFP; AP  -  2,207 words
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