The Business Times, 23 January 2008

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MP A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Wednesday, January 23,2008
    24 words
  • Article
    Lock icon Dramatic 75 basis point cut in US rates
    714 1  -  ANDREW MARKS As markets reel, US central bank says it stands ready to act again; its next scheduled meeting is in a week's time By. in New York IN A stunning response to the panic that triggered two days of frightening sell-offs
    714 words
  • Article, Illustration
    Lock icon Analysts lower estimates after another bleak day
    984 1  -  LYNETTE KHOO Key resistance levels pitched down as panic selling persists By [SINGAPORE] If Monday was the day when fear stalked the markets, then yesterday saw a phase when it took a firmer hold. There was no let-up in the selling frenzy and
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  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 6.75 INDONESIA 15.746 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 7.25 CANADA 6.00 SWITZERLAND 3.91 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      48 1 uesi lay lange KL COMP 1,354.48 -54.12 NIKKEI 225 12,573.05 -752.89 HANG SENG 21,757.63 -2061.23 SET INDEX 741.54 -24.99 JAKARTA COMP 2,294.52 -191.35 MANILA COMP 2,978.41 -173.89 SEOUL COMP 1,609.02 -74.54 SHENZHENB 609.33 -58.25 MUMBAI IND 16,729.94 -875.41 11AM EDT Change *****.39 -135.91 DOW NASDAQ 2294.98 -45.04
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    • Article
      Lock icon FOREX
      41 1 US$ (S$ per US$) 1.452 (US$/S$ ier 1.934 2.807 EURO(US$/S$/E) 1.438 2.087 YEN 106.00 73.0 RM 3.302 2.274 HK$ 7.809 5.380 BAHT 33.20 22.87 RUPIAH 9,494 6,540 RENMINBI 7.233 4.983 INDIAN RUPEE 39.68 27.33 A$ 1.174 0.808 NZ$ 1.352 0.931
      41 words
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      Lock icon Page 1 Advertisements Column 1
      90 1 Selected regional i idices IMilWUIJ 1 Hang Seng 21,757.63 -8.65 Jakarta Composite 2,294.52 -7.70 Shanghai Composite 4,559.75 -7.22 Taiwan Taiex Index 7,581.96 -6.51 Nikkei 225 12,573.05 -5.65 BSESensex30 16,729.94 -4.97 Kospi Index 1,609.02 -4.43 Kuala Lumpur Comp 1,354.48 -3.84 SET Index 741.54 -3.26 Source Bloomberg Selected regional i idices IMilWUIJ
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      45 1 Selected regional i idices IMilWUIJ 1 Hang Seng 21,757.63 -8.65 Jakarta Composite 2,294.52 -7.70 Shanghai Composite 4,559.75 -7.22 Taiwan Taiex Index 7,581.96 -6.51 Nikkei 225 12,573.05 -5.65 BSESensex30 16,729.94 -4.97 Kospi Index 1,609.02 -4.43 Kuala Lumpur Comp 1,354.48 -3.84 SET Index 741.54 -3.26 Source Bloomberg
      45 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Things are no different after all
      640 2  -  R SIVANITHY By FOR months, the warning signs were apparent, but euphoric investors, boosted by a liquidity-driven bull market that had lasted more than three years, chose to ignore them. Furthermore, they were lulled into complacency by repeated bouncebacks from various shocks ranging from
      640 words
    • Article, Illustration
      Lock icon Soros warns of worst financial crisis since WW II
      370 2 AP, Reuters [VIENNA] Billionaire investor George Soros said the world was facing the worst financial crisis since World War II and the United States was threatened with recession, according to an interview by the Austrian daily Standard. "The situation is much
      AP, Reuters; BLOOMBERG FILE PHOTO  -  370 words
    • Article
      Lock icon S'pore brokers check clients' margins, take no chances
      742 2  -  SIOW LI SEN Margin calls, forced selling not surprising in current market, say some brokers By [SINGAPORE] Veterans of previous crashes say it's not that bad this time, at least not yet. But broking houses are taking no chances. They are battening
      742 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon How Amoebas in EDB shape Singapore's future
        68 2 DREAMING up opportunities for long-term growth this is what the so-called "Amoeba" teams within the Economic Development Board do, as officers across departments form small task forces to experiment on projects for 90 days. EDB's Amoeba team concept was started just last year.
        68 words
      • Article
        Lock icon DBS analysts forecast US slowdown, not recession
        89 2 WITH the markets falling all around them, DBS analysts are standing out with a contrarian and notably optimistic view on where macroeconomic variables are headed. The bank's head of group research, Sanjit Maitra, said yesterday he believes that US domestic consumption is not
        89 words
      • Article
        Lock icon CapitaLand plans to set up Reit for Indian retail malls
        64 2 CAPITALAND plans to create a Real Estate Investment Trust to hold Indian malls as an exit strategy for retail projects that it will develop jointly with two separate Indian partners. The group yesterday announced separate joint ventures to develop an
        64 words
      • Article
        Lock icon Private banks turning cautious on hiring
        52 2 PRIVATE banks, which have been aggressively hiring in Singapore in the past years, have suddenly turned cautious, according to a report. Private Banker International, a wealth management industry journal, reported yesterday that the growth and competition in private banking has become unsustainable. SINGAPORE NEWS,
        52 words
      • Article
        Lock icon Foreign investors take second look at M'sian Reits
        69 2 SINCE the listing of the first real estate investment trust, Axis Reit, in August 2005, an increasing number of Reits of different asset classes are being listed on Bursa Malaysia each year, says a StarBiz report. Foreign institutional investors who have not
        69 words
      • Article
        Lock icon China in no rush to grab credit crisis bargains
        83 2 TO buy or to wait: the hunger of global banks for fresh capital just as share prices worldwide are plunging is giving China a crash course in market timing. Some economists argue that excessive caution might cost China the chance to
        83 words
      • Article
        Lock icon Car distributors looking to counter falling demand
        96 2 LAST year will be best remembered for being the year when the number of deregistered cars slowed to a crawl and the car population grew a record 9 per cent. "In the past, customers traded in their car for a new one when
        96 words
    • Article
      Lock icon How Amoebas in EDB shape Singapore's future
      857 4  -  RONNIE LIM Teams learn to dream, experiment and seek out opportunities By [SINGAPORE] Dreaming up opportunities for long-term growth this is what the so-called "Amoeba" teams within the Economic Development Board (EDB) do, as officers across departments form small task forces to experiment
      857 words
    • Article, Illustration
      Lock icon French economic reforms may spark new dynamism in Europe: S'pore
      500 4  -  ANNA TEO Republic's interested in these reforms, says Lim Hng Kiang By in Paris WITH global markets in a tailspin over fears of a US recession, the world clearly needs more growth engines. Hence Singapore's interest in the progress of
      JOYCE FANG/THE STRAITS TIMES  -  500 words
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    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      12 2 people.,, Hunting season worlc sbe 9un(Target: Private Bankers) www.thepeopleatwork.com Asia-Pacific Executive Search
      12 words
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  • Page 3 Advertisements
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      178 3 HH) I I flflf jji llfl| J J jfllflTollsS r* k^^B>^i —3fl 1 Hi TJ_3C 1 B4 I Performance |^^^^^^^^^J^^^^^^^^^^^^^^L^^^ b^JE Motors Limited C^£ Sheer pml.com.sg Driving Pleasure A MMHiBMpM|| H^k Set ■I B^b^ "'""v^v^ m Take flight with the BMW 3 Series and 5 Series the official cars of
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      110 4 Flexlink 25th January 2008 Flex Link Truly Your 10 Years Business Partner in AP In celebration of our 10th year Anniversary, we are inviting our business partners to our celebration at Royal Plaza on Scotts on the 25th January 2008 at 10:00 am 1:00 pm. Flex Link is a leading
      110 words
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  • COMPANY NEWS
    • Article
      Lock icon Robinson: big decision for shareholders
      814 5  -  MICHELLE QUAH SHAREHOLDERS of Robinson Co are now, quite possibly, the envy of the Singapore stock market. But with great power comes great responsibility. Their burden in terms of deciding the fate of the homegrown retailer is also great. On a day when global bourses
      814 words
    • Article
      Lock icon UOB-Kay Hian bets on private healthcare players
      319 5  -  OH BOON PING By PRIVATE healthcare players are set to play a bigger role as a result of rising demand for healthcare services and restructuring in the public healthcare segment, according to UOB-Kay Hian. The brokerage favours stocks like Parkway Holdings, Parkway Life
      319 words
    • Article
      Lock icon DBS analysts see US slowdown, not recession
      504 5  -  MATTHEW PHAN By WITH the markets falling all around them, DBS analysts are standing out with a contrarian and notably optimistic view on where macroeconomic variables are headed. The bank's head of group research, Sanjit Maitra, said at DBS's annual outlook seminar for
      504 words
    • Article
      Lock icon First Reit beats Q4 forecast with $4.8m distributable income
      379 8  -  ARTHUR SIM FIRST Reit, Singapore's first healthcare real estate investment trust (Reit), has reported distributable income of $4.8 million and a distribution per unit (DPU) of 1.76 cents for the fourth quarter ended Dec 31, 2007. This exceeds its forecasts by
      379 words
    • Article, Illustration
      Lock icon CapitaLand plans to set up Reit for Indian retail malls
      834 8  -  KALPANA RASHIWALA It unveils separate ventures with two partners for 15 projects worth $2.1 b CAPITALAND plans to create a Real Estate Investment Trust or listed vehicle holding Indian malls as an exit strategy for retail projects that it will
      ARTHUR LEE  -  834 words
    • Article
      Lock icon CMT Q4 income rises to $62m
      540 8  -  KALPANA RASHIWALA CAPITAMALL Trust (CMT) yesterday posted distributable income of $62.27 million for the fourth quarter of last year, 19 per cent higher than the preceding corresponding quarter's $52.33 million. Full-year distributable income rose 24.7 per cent to $211.19 million. And the trust's manager
      540 words
    • Article
      Lock icon Pacific Shipping Trust Q4 DPU up 6% to 1.1 US cents
      424 8 PACIFIC Shipping Trust (PST) will be distributing 1.1 US cents per unit for the fourth quarter of 2007. This is 6 per cent higher than the 1.04 US cents distributed for the corresponding quarter in 2006. Based on its
      424 words
    • Article
      Lock icon Chinese property developer CentraLand launches IPO
      333 10  -  TAN SEO YEAN Zhengzhou-based firm's shares priced at 50 cents; offer closes on Jan 30 CHINESE property developer Centra Land Ltd yesterday launched its initial public offering (IPO) of 245 million new shares at 50 cents each for a mainboard listing on the Singapore
      333 words
    • Article
      Lock icon SingPost, BNI set up new remittance service
      366 10  -  TAN SEO YEAN INDONESIANS working in Singapore can now remit money home using a new service offered by Singapore Post (Sing Post) and PT Bank Negara Indonesia (BNI). Boasting convenience and security, the new remittance service allows money remitted by customers at any
      366 words
    • Article
      Lock icon Mapletree fund buys 4 Johor properties
      191 10  -  WEE JUN KAI MAPLETREE Industrial Fund (MIF), a private real estate fund, said yesterday that it has signed two separate agreements with two related Malaysian investment and construction companies to acquire their four properties in Johor for RM61.5 million (Ss27 million). The agreements with
      191 words
    • Article
      Lock icon Pacific Star, Israeli firm plan Viet property fund
      232 10 SINGAPORE-BASED Pacific Star Group said yesterday that it has signed a binding memorandum of understanding (MOU) with Alony Hetz to set up a fund to invest in Vietnamese real estate. Both parties expect to raise US$2OO million for the fund from institutional
      232 words
    • COMPANY BRIEFS
      • Article
        Lock icon Anwell installs Blu-ray Disc for US customer
        54 10 ANWELL Technologies said the group will install its first Blu-ray Disc (BD) replication system for its California-based customer, CD Video, in the first quarter of 2008. Anwell also said the Chinese government had awarded it an additional 3 million yuan in funding for
        54 words
      • Article
        Lock icon Sarin acquires US$3.4m stake in IDEX
        30 10 SARIN Technologies is buying a 23 per cent stake in IDEX Online SA for US$3.4 miUion. IDEX operates a business-to-business polished diamond traders' network.
        30 words
      • Article
        Lock icon SPH buys one million of its own shares
        39 10 SINGAPORE Press Holdings, which has a mandate to buy back up to about 158.46 million of its own shares, bought one million shares yesterday at an average price of $4.1942 each.
        39 words
      • Article
        Lock icon EMS to buy remaining Airchem stake
        53 10 EMS Energy said it is buying over the remaining 47.62 per cent stake in Airchem Holdings Sdn Bhd for $594,036. This will be satisfied by the issue of new EMS shares to the vendor Wong Fook Ming. EMS currently has a 52.38 per cent
        53 words
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      Lock icon Page 5 Advertisements Column 1
      323 5 F^^T^^l^^H li^S Digital Lifestyle Experience Introducing the new Panasonic 7-series: ■■fIMHIfMI A titirj JHßHß ■II SCT 3J /^>Vv:vttt-! Y-'y>,t,:j^^v-V\ NX mM hlriHrl At-/-■/-■/-■/- j^^^^ B^ x^ v _if fT /-^T Genuine Windows Vista® Business I f I 9? Intel® Core™ 2 Duo Processor W^V^-^-^ ii \L\ >J "B Low Voltage
      323 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Margin calls, forced selling fuel slide
      588 6  -  R SIVANITHY STOCKS But late afternoon rebound, driven by short-covering, trims earlier 170-point loss to just 50 CLEARLY, the way markets are behaving investors are not only pouring scorn on the US$l5O billion Bush Administration's rescue package, they're also expecting a much worse-than-expected US
      Bloomberg  -  588 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      91 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 2 15 0 0 0 0 2 15 0 Manufacturing 184 19 25 11 209 30 Commerce 62 14 76 Tpt/Stor/Comms 33 35 Finance 30 31 Construction 16 10 26 Properties 34 34
      91 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 6 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 39.405 39.405 147.008 147.008 Manufacturing 611.867 124.465 736.332 533.602 12.002 545.604 Commerce 145.451 6.309 151.760 141.383 922 142.305 Tpt/Stor/Comms 182.281 1.022 183.303 484.921 314 485.236 Finance 106.485 130 106.615 881.716 10 881.726 Construction 149.207 109.902
      124 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Cham CapitaLand 5.420 4-0.020 CapltaMall 2.660 4-0.010 CityDev 10.820 -0.200 Cosco Corp 4.150 -0.480 DBS Grp 17.500 F&N 4.650 -0.060 Gent Intl 0.590 -0.020 HK Land 4.200 -0.200 JSH 14.000 -0.700 Jardine C&C 15.840 -2.200 Keppel Corp 10.480 -0.320 Keppel Land 5.670 -0.070
      115 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      848 6  -  MATTHEW PHAN US Economics Citigroup Research, Jan 18 THE US economy seems likely to contract as 2008 begins, weighed down by tightening financial conditions, energy cost burdens, and fundamental weakness spreading beyond housing. We've cut our full-year 2008 GDP outlook to 1.2 per cent on a 4Q/4Q basis
      848 words
    • Article, Illustration
      Lock icon Yen weakens on talk of US emergency rate cut
      515 6 -Reuters CURRENCIES [LONDON] The yen turned course and weakened yesterday, easing from two-and-a-half-year peaks against the dollar hit earlier in the day as the global stock market rout fuelled speculation of an emergency US interest rate cut. Federal Reserve action could
      -Reuters; FILE PHOTO  -  515 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      50 6 Jan 22 VALUE CLOSE -2671.00-406.00 BT OB/OS BT CADI -*****.00-513.00 BT 10-day MA -*****.00-268.00 FTSE ST Mid Cap 708.21 -40.63 FTSE ST Small Cap 644.29 -48.91 FTSE ST All Share 733.04 -24.04 FTSE ST China 511.91 -48.10 SIMSCI 350.95 -4.67 SIMSCI Futures 354.30 +1.30 PrimePartnersCI 166.19 -18.35
      50 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Memstar 175,306,000 Sapphire 92,358,000 China Honqxinq 66,316,000 Yanqzijianq 59,892,000 Jasper 57,005,000 Firstßes 50,091,000 JiutianC 49,519,000 Jade Tech 49,184,000 Sing Tel 48,148,000 Gent Intl 46,406,000 VALUE(S) DBS Grp 289,298,750 UOB 213,102,140 SGX 178,709,714 Sing Tel 166,862,310 OCBC Bk 135,134,000 Cosco Corp 97,820,210 Capita Land 87,039,030 Keppel Corp
      58 words
    • Article
      Lock icon RISES
      105 6 CLOSE UP 622 176.0 39.5 Robinson STI 3700 DBePW*****0 93.5 38.0 68.5 S I A 1528 36.0 2.4 STI 3300 DBePW/*****3 105 31.5 42.9 >in< lTelMBLePW*****8 78.5 25.5 48.1 STI 3500BNPePW*****8 61 24.0 64.9 STI3200BNPePW*****0 50.5 22.0 77.2 STI 3800SGAePW*****8 128 22.0 20.8 STI3800BNPePW*****0 78 21.5 38.1 STI3150DBePW*****3 80.5
      105 words
    • Article
      Lock icon FALLS
      115 6 BY CENTS CLOSE DOWN China H 10US$ 1529-339.6 -13.3 JMH 2400-299.0 -7.9 GLD 10US$ 8550-246.7 -1.9 Jardine C&C 1584-220.0 -12.2 JSH 1400-101.6 -4.8 Venture Con 775 -90.0 -10.. CIMBAsean40 100US$ 867 -71.1 -5.3 Asia 10US$ 434 -68.2 -9.i ISMSCI India 100 775 -63.9 -5.4 UOBMBLJCW*****0 439 -59.0 -11.8 SIA
      115 words
    • Article
      Lock icon CURRENCIES
      84 6 Wh lere! S$ stands lan 22 CHNG CLOSE FRJan 21 YR 2008/07 S$ LOW S$ HIGH uss 1.4477 -0.25 1.5479 1.4257 Euro 2.0924 0.09 2.1639 1.9913 Pounds 2.8222 -0.19 3.1194 2.7885 AS 1.2425 1.29 1.3555 1.1741 Yen* 1.3615 -0.01 1.3821 1.2285 Rupiah* 0.***** 0.11 0.***** 0.***** Baht* 4.3625 -0.06
      84 words
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  • Page 8 Advertisements
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      549 8 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email noticesi>sph.com.sg. [SAliS I PACIFIC SHIPPING TRUST [A business trust constituted on 25 April 2006 under the laws of the Republic of Singapore) Managed by PST Management Pte.
      549 words
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      467 9 II |l[ A Premium Brand Property Developer y"* iJJJi 1 'n City ,^j^| 1 INITIAL PUBLIC ."/fff' jijl^i OFFERING <5* j We are engaged principally in the development of residential and commercial properties in Zhengzhou city, the provincial capital of Henan Province, which is one of $£&y&Kz^ £2f 'X tne
      467 words
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      179 10 B^^r Bk Bk S Bt B^ Bt Bl B^^ B\ Bl BBff B^r Ibl BW B H b^^^. b^^^^^ m***: n j^f /§i. Iba LwK '"'-"'< Bw Bflßk^ B^BW I I k bTb%^ lIP b1 tel Hbw JH f am W BBm 'ie BBP^BBBBk mm BBJjV Wl 888 Ibl vS
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon GST hike adds $990m to govt revenue so far
      457 11  -  OH BOON PING YESTERDAY IN PARLIAMENT $1.17b budgeted to help S'poreans adjust to higher GST: Tharman Reports by THE government collected an additional $990 million in tax revenue last year due to the higher Goods and Services Tax (GST) that kicked
      457 words
    • Article
      Lock icon HDB may offer 6,000 flats in H1
      215 11 SOME 6,000 housing board flats are expected to be offered for sale in the first half of this year, Parliament was told yesterday. Minister of State for National Development Grace Fu said this matches the sales pace seen in the same period last
      215 words
    • Article
      Lock icon More deaths, injuries on the roads in 2007
      307 11  -  GEOFFREY LEE Drink-driving arrests also up, more road blocks being planned By THE number of people killed or injured on the roads is rising along with the increased number of vehicles, figures in the Traffic Police annual report show. The 2007 report
      307 words
    • IN BRIEF
      • Article
        Lock icon Corp governance efforts to get boost from govt: Tharman
        57 11 THE government will support industry efforts to improve corporate governance and explore practical initiatives to help companies enhance their internal controls and practices, said Finance Minister Tharman Shanmugaratnam. In particular, he stressed that just imposing more rules and regulations on listed
        57 words
      • Article
        Lock icon Ministers' GDP bonus based on real GDP growth rates
        78 11 THE GDP bonus paid to ministers in March every year is based on the real GDP growth rates of the preceding year, Parliament was told yesterday. Responding to an MP's question as to whether GDP was an appropriate benchmark for the
        78 words
      • Article
        Lock icon Taxi stand waiting time down, cabbies' daily earnings up
        73 11 THE waiting time at taxi stands is now shorter, thanks to the new cab fare structure, said Transport Minister Raymond Lim. In the city area, a passenger now waits for between 2 and 6 minutes before a cab arrives down from
        73 words
    • Article
      Lock icon Probe over Mitsui naphtha trader's losses continues
      454 12  -  RONNIE LIM Mitsui Oil Asia Spore to close by March as scheduled By ALMOST one year after he was first arrested last February, investigations here into the alleged US$Bl million of losses concealed by a naphtha trader at Mitsui Oil Asia (MOA) "are
      454 words
    • Article, Illustration
      Lock icon Private banks turning cautious on hiring
      490 12  -  CHOW PENN NEE Industry expected to slow down ahead and could have over-hired: bankers By PRIVATE banks, which have been aggressively hiring in Singapore in the past years, have suddenly turned cautious, according to a report. Private Banker International, a wealth management industry journal,
      490 words
    • Article
      Lock icon Overheating of Asian economies likely: Lehman
      365 12  -  QUAH CHIN CHIN Better growth rate will attract massive capital inflows By GOOD economic news now could lead to tough times later, an American investment bank is warning. The bank, Lehman Brothers, says that a soft landing for the global economy could lead Asia
      365 words
    • Article
      Lock icon Record 20 bids for Jalan Sultan site
      386 12  -  ARTHUR SIM $14.8 m is top offer for parcel with 17shophouses By A RECORD 20 bids have been received in the Urban Redevelopment Authority (URA) public tender for a site including 17 two-storey conservation shophouses at Jalan Sultan. The URA said that this
      386 words
    • Article
      Lock icon Straits Trading launches 28-storey office tower
      296 12  -  CHEW XIANG By A NEW 28-storey Grade A office tower at 9 Battery Road has been launched by Straits Trading Company through its subsidiary Straits Developments. The Straits Trading Building, which is intended to be completed by the third quarter of next year, will
      296 words
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      151 11 I Beyond a strategic move Bf B/ JbV .Bf 1 Lm M Bk 4 Bft fl Bf B? Straits Trading Building Prestige for only a select few Located right in the heart of Singapore's Central Business District, exclusivity reigns at Straits Trading Building. With no more than two tenants per
      151 words
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      82 12 Journey B^^ IL A O Feraous THE BUSINESS TIMES :FRIDAY, JANUARY 25, 2008 Increased affluence across the globe has made travel the stuff dreams are made of. An exclusive glimpse into the recreational life of the elite high-networth circle in this eye-opener of a supplement: Exclusivity Is Everything: Private Check-in
      82 words
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      Lock icon Page 12 Advertisements Column 2
      86 12 ZAP BID FROM ONLY $10! OKI PRINTING SOLUTIONS I OKI Model Number: C3S3OMFP i List Price: $1,599 o^gst, Dimensions (HxWxD):435 x 445 x 500 mm Print, Scan, Copy, Fax Windows, MAC OS Supported and Network Ready Scan Directly to Email, USB Stick,TWAIN and Network I Fax Memory: 1.5M8 (Approximately 100
      86 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Investors abroad don't feel immune to US woes now
      828 13 -NYT They worry how bad a US recession could get, and how badly it would hit the world [FRANKFURT] Since late last summer, the US economy has demonstrated an enduring power to surprise. And not for the better. Investors worldwide are
      -NYT  -  828 words
    • Article
      Lock icon BOJ leaves interest rates unchanged
      181 13 ■AFP [TOKYO] The Bank of Japan (BO J) said yesterday that it has decided to keep its su-per-low interest rates unchanged, in line with market expectations amid turmoil on global financial markets. The central bank said in a brief statement that its policy board decided
      ■AFP  -  181 words
    • Article
      Lock icon EU, US still hopeful of sealing Doha trade deal in 2008
      291 13 Reuters [BRUSSELS] The European Union and the United States said they still hoped to seal a long-delayed global trade deal in 2008, and trade ministers this week could help pave the way for a breakthrough soon. "We are rapidly
      – Reuters  -  291 words
    • Article
      Lock icon US economists bearish about America: survey
      437 13 ■AFP But they are more upbeat about their own firms' outlook [WASHINGTON] Leading business economists are growing more pessimistic about the health of the US economy, but are more upbeat about their own company's prospects, according to a new survey. The National Association for
      ■AFP  -  437 words
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      159 13 r> D LATRADE INDUSTRIAL PARK \Q 11 **%w Located at Tanjung Uncang, Batam Indonesia I VVV Good Business Environment Land Lease 30 years /80 years a Special Economic Zone Free Duty for Import Export Abundant supply of workers Sales, Rental Installment l/]V^IAX Cost Effective 500Q 8000sqm mward m m facilities
      159 words
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      261 13 W It's nice to be voted the No. I Serviced Apartment Vendor by HR professionals in Human Resources magazine's poll. It's also great to win Gold in award-winning UK magazine Buying Business Travel's Serviced Apartment Company category As wonderful as these accolades are, nothing beats the smiles of satisfaction and
      261 words
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  • INDONESIA
    • Article
      Lock icon Jakarta plans to privatise 37 state firms this year: minister
      214 14 Reuters It aims to plug deficit, make firms efficient [JAKARTA] Indonesia is considering selling stakes in 37 state firms in 2008 to help plug the budget deficit as it seeks to improve the firms' performance, the state enterprises minister said
      Reuters  -  214 words
    • Article
      Lock icon Indonesia braces for US recession
      220 14 -AFP Ministers meet to discuss steps to safeguard budget [JAKARTA] The Indonesian government is preparing measures for a likely recession in the United States, local media reported a top government official as saying yesterday. "In this situation, the indicators in the state budget, economic growth
      -AFP  -  220 words
  • Page 14 Advertisements
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      144 14 LUAUKY j Delight in the *m MB I I 'r! A A Tropical living no longer denies the well-informed v i /"A gastronomist the thrills of a seasonal delicacy. "t^SP -~< llffii% A Savour the distinct culinary delights of Resident I^Sa^'i '"-K&L Chef, MichaelMuller's captivating Winter Menu M W wh
      144 words
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  • MALAYSIA
    • Article
      Lock icon Mahathir cooks up a different kind of storm
      376 15  -  PAULINE NG Far from politics, he's opened a new swanky restaurant By in Kuala Lumpur INTO his early 80s, former Malaysian prime minister Mahathir Mohamad has shown that while he might have retired from politics, he is far from sitting idly at
      376 words
    • Article
      Lock icon Foreign investors more keen on Malaysian Reits
      414 15 They're grabbing stocks that seem undervalued [KUALA LUMPUR] Since the listing of the first real estate investment trust (Reit), Axis Reit, in August 2005, Malaysian Reits have grown steadily. An increasing number of Reits of different asset classes are being listed on Bursa
      414 words
    • Article
      Lock icon Market slump offers buying opportunity: M'sian minister
      221 15 Reuters [KUALA LUMPUR] A sharp drop in the stock market has provided opportunity for Malaysian funds such as state pension fund EPF to accumulate shares, Second Finance Minister Nor Mohamed Yakcop said yesterday. He said the Malaysian stock market has fundamental strength and
      Reuters  -  221 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7790 15 UNIT TRUSTS FUNDS ABN AMRO Asset Mat (Spore) Star Europe Eqty!** 0.866/ Star Europe Bond 1.21/ Star Europe Bal 1.149/ Star Asian Tiger Eqty 1.346/ Star Asia Bond 1.242/ Star Asia Balanced 0.985/ Star Global Technology Fund!" 0.201/ Multi St Fd 0.917/ Star Asia Bond(USD) 0.863/ Gib Multi St USD
      7,790 words
  • Page 15 Advertisements
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      59 15 ™E EXPERTISE OF MAN^ THE STRENGTH OF ONE fflffiz'/s'','-■'X'/,''{:'fC'^zZ'jo\..' '^^^;^'",vs'^^^^^^^^wHm At the core of our business are multiple world-class investment management 1* J§ 1 '^£.&V» v'--;'•;:;; -''^'^^^§s.Vfe"*-"-^^^^^^^S j Herat groups Franklin, Templeton and Mutual Series each operating autonomously =^33L. "X2&^» %s£&yy^y%;&^ and offering our clients their unique perspectives. FRANKLIN TEMPLETON
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  • Page 16 Advertisements
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      421 16 mmm m muuuuuuuu mmm ._e B 6 B S ■■^^M I I^H f—a a T=4P *^H C 9 Q| !B Qm%* .^mm I HCpl HSE7 WCX^Ej^R^H mm\ WmMmtW MIL«iwW"""""*M JaS^^M^^^—%— H 11 ffMflffM I ill Hi I W*ffiWßHmti\ 111 V VL*'eL*" 4/ *V^ jET I ■^H! IH J -V' |J
      421 words
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  • GREATER CHINA
    • Article
      Lock icon China in no rush to grab credit crisis bargains
      730 17 Reuters Hesitation about new deals with current investments deep under water [BEIJING] To buy or to wait: the hunger of global banks for fresh capital just as share prices worldwide are plunging is giving China a crash course in market timing.
      – Reuters  -  730 words
    • Article
      Lock icon China's 2007 growth likely to be highest in 13 years
      410 17 AFP Today's figures may bring China closer to overtaking Germany [BEIJING] China's 2007 economic growth figures to be released today are expected to show a stunning expansion of around 11.5 per cent that could be the highest annual rate in
      AFP  -  410 words
    • Article
      Lock icon Inflation to ease to 4%: govt economist
      321 17 Reuters [BEIJING] China's inflation will recede in 2008 due to a slowing economy and a drop in food prices, a senior government economist said in a report published yesterday. Fan Caiyue, a deputy head at the economic research institute under the National Development
      – Reuters  -  321 words
    • Article, Illustration
      Lock icon CHINA GIRLS PREVAIL
      92 17 [MELBOURNE] China's Van Zi (right) and Zheng Jie (left) celebrating after beating Venus (right) and Serena Williams in their Women's Doubles fourth round match at the Australian Open here yesterday. The Williams sisters were sent packing, beaten 3-6 6-4 6-2 by China's former champions. Van and Zheng
      :AP  -  92 words
    • Article
      Lock icon Foreign banks unlikely to cash out China bank stakes: analysts
      488 17 Reuters Their links are too important for their future in China, Asia [HONG KONG] Western banks tempted to convert big paper profits on investments in Chinese lenders into cash to shore up balance sheets battered by sub-prime-related losses would do
      ■ Reuters  -  488 words
    • Article
      Lock icon BURSA MALAYSIA
      2291 17 Ian 22 RM Cooo) ASM Realty 0.79 \bric Bhd 0.24 advance Synergy 0.18 Adventa Bhd 1.33 Ae Multi Hldgs 0.29 Win Holdings 2.38 Ahmad Zaki Resou 1.45 AicCorp 0.61 \irasia Bhd 1.46 Akn Technology 0.57 Alliance Financi 2.87 aluminium Co 1.05 Amalgamated Ind 0.46 Grp ....unch Ammb Hldgs
      2,291 words
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  • INDIA
    • Article, Illustration
      Lock icon 6.55t rupees lost in minutes at BSE
      373 18 Xinhua, Bloomberg Trading suspended as barometer index Sensex hits circuit limit of 10 per cent [NEW DELHI] Investors lost 6.55 trillion rupees (Ss24o billion) yesterday within minutes of opening of the Bombay Stock Exchange. Trading was immediately suspended for an hour after the
      – Xinhua, Bloomberg; AP  -  373 words
    • Article
      Lock icon Reliance Comm, M&M shares tumble
      277 18 Bloomberg [MUMBAI] Reliance Communications Ltd and Mahindra Mahindra Ltd (M&M) led Indian shares that can also be traded in the derivatives market lower as they have no daily limit and bear the brunt of any sell-off. Reliance Communications, India's second-larg-est mobile phone provider, fell as
      – Bloomberg  -  277 words
    • Article, Illustration
      Lock icon Mittal family to make US$935m in dividends
      438 18 -AP 43% ArcelorMittal stake to yield 37.5< a share every quarter [BRUSSELS] BiUionaire Lakshmi Mittal, the steel tycoon who heads the world's largest steelmaker, and his family will make U*****.4 million in share dividends from their stake in ArcelorMittal this year, according to
      -AP; BLOOMBERG  -  438 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Bank of America reports 95% plunge in earnings
      786 19 Bloomberg USss.2Bb sub-prime related write-downs and provisions for loan losses cited [NEW YORK] Bank of America Corp, the second-larg-est US bank, said yesterday that earnings dropped 95 per cent after US$5.2B billion of mortgage-related write-downs and higher provisions for future loan losses.
      – Bloomberg; REUTERS  -  786 words
    • Article
      Lock icon Qatar's US$60b fund eyes US financials: source
      450 19 Reuters [DOHA] Qatar's US$6O billion sovereign wealth fund is looking at possibly buying into financial services and construction companies in the United States and Europe, a person familiar with the fund said on Monday. The Qatar Investment Authority (QIA) also plans to use
      – Reuters  -  450 words
    • Article, Illustration
      Lock icon Yahoo may cut about 700 jobs
      393 19 Bloomberg [SAN FRANCISO] Yahoo! Inc, owner of the most-visit-ed US website, will cut about 700 jobs, or 5 per cent of its workforce, as it reorganises to compete with Google Inc, according to a person with knowledge of the plans. The reductions to its
      – Bloomberg; AFP  -  393 words
    • Article
      Lock icon Thai military council disbands itself
      261 19 -Reuters [BANGKOK] The military council which ousted Thai Prime Minister Thaksin Shinawatra in a 2006 putsch disbanded itself yesterday and promised there would be no more coups as a Thaksin-backed coalition prepared to take office. The Council for National Security (CNS), widely derided for presiding
      -Reuters  -  261 words
    • Article
      Lock icon Korea-Japan FTA talks likely to resume soon
      534 19  -  ANTHONY ROWLEY President-elect Lee, PM Fukuda to meet at summit: official LONG-STALLED negotiations on a free trade agreement between Japan and South Korea are likely to be re-launched soon at a summit meeting between Japanese Prime Minister Yasuo Fukuda and Korean Presi-dent-elect Lee
      534 words
    • Article
      Lock icon EBay's CEO set to retire: report
      253 19 Reuters [NEW YORK] EBay Inc chief executive Meg Whitman, one of the most powerful women in business, is preparing to retire from the online auctioneer, the Wall Street Journal said yesterday. A departure by the Silicon Valley veteran would come at a time when
      ■ Reuters  -  253 words
  • Page 19 Advertisements
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      75 19 THE COMPLETE MIND BODY GUIDE FOR WOMEN m^^* I W M\ M^^* v-day 1 If Jll Ge£i vs mk W m V^ WS> wSM m I Ik^a Tm I J I IPs I w ■T K -Mm W I SPECIAL Mnn\2muumTA tt''L'ilry:.H IN THE FEBRUARY ISSUE... CALORIES: MAKE THEM YOUR
      75 words
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  • AVIATION
    • Article, Illustration
      Lock icon CEA falls 11% on Air China bid
      627 20 Bloomberg Carrier's proposal to buy no more than 30% stake smaller than expected [SHANGHAI] China Eastern Airlines Corp, the nation's third-largest carrier, fell the most since the Sept 11, 2001, terrorist attacks in Hong Kong trading after Air China Ltd bid for a
      – Bloomberg; AFP  -  627 words
    • Article
      Lock icon Alitalia deal may widen France-KLM's lead over BA
      549 20 Bloomberg [ROME/CHICAGO] Air France-KLM Group, the world's largest carrier by sales, may widen the lead over British Airways pic (BA) and Deutsche Lufthansa AG by swallowing Italy's Alitalia SpA and using African routes to counter an expected slowdown in North Atlantic traffic.
      ■ Bloomberg  -  549 words
    • Article
      Lock icon Aviation officials share tips on coping with flight delays
      344 20 -NYT [WASHINGTON] Aviation executives are sharing a list of steps that they can take to make passengers' lives a little easier the next time a blizzard, a hurricane or any other event leaves planes stranded on the ground. Those steps include
      -NYT  -  344 words
    • Article, Illustration
      Lock icon Tiger passenger numbers up as routes increase
      368 20 Bloomberg First profit expected for the year ending March 31, says CEO [SINGAPORE] Budget carrier Tiger Airways flew 30 per cent more passengers in the quarter ended Dec 31 as it expanded in countries including Australia and India. The rise in passenger numbers
      – Bloomberg  -  368 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2466 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,466 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      373 20 CRYPTIC CROSSWORD ACROSS I 12 I 13 I IIMI 1— 1 Spend all one's money and let everyone go hang (4,3,3) MU BB BB 6We French display intelli- I- Bl Bl Bl gence(4) J 9 Such maps are extensive BB MMt IBJ ml Bl b¥" 10 Fare engendering complaint ]1
      373 words
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  • SHIPPING
    • Article
      Lock icon Tougher times for charterers, classifiers
      654 21  -  DAVID HUGHES STRAIT TALK Judgment against Total and Rina in Erika disaster could change the way charterers and classification societies are viewed By A FRENCH court has convicted oil company Total, classification society Rina and Italian tanker owner Giuseppe Savarese and manager Antonio Pollara of
      654 words
    • Article
      Lock icon Commodity ship values fall the most in 3 1/2 years
      219 21 Bloomberg [LONDON] The price of sec-ond-hand commodity carriers dropped the most in three and a half years after ship-hire rates tumbled. Oil-tanker prices also slumped. The price of five-year-old capesize ships that normally haul about 160,000 tons of iron ore
      Bloomberg  -  219 words
    • Article
      Lock icon Larsen & Toubro wins port deal: report
      247 21 Larsen Toubro wins port deal: report Bloomberg [MUMßAl] Larsen Toubro Ltd, India's biggest engineering company, may have won approval to build a 30 billion rupee (Ssl.l billion) shipyard and port in southern India, according to a report published yesterday. Larsen Toubro is negotiating orders of about US$l billion with global
      Bloomberg  -  247 words
    • Article
      Lock icon STX Group to set up US$150m unit in Vietnam
      109 21 Reuters [SEOUL] South Korea's STX Group said yesterday it would set up a manufacturing base in Vietnam, investing US$l5O million by 2015, to expand its offshore plant business. STX Group's three flagship companies STX Corp, STX Shipbuilding Co and STX Engine
      Reuters  -  109 words
    • Article
      Lock icon Gulf tanker rates may fall again on ship oversupply
      412 21 Bloomberg Chinese New Year may cause vessel demand to rise [LONDON] The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may drop for a 19th day as the supply of ships increases. There are 129
      Bloomberg  -  412 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 21 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks lava Hold Ltd KiVentures Keppel Corp Labroy Marine MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.52 0.32 4.15 0.90 2.17 1.05 0.07
        106 words
      • Article
        Lock icon KLSE
        29 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.95 unch unch 3.54 2.96 0.24 -0.06 unch unch -0.20 -0.10 -0.01 25( 483! 26( i
        29 words
      • Article
        Lock icon BANGKOK
        13 21 '00 'recious Ship Regional Cont 22.40 23.00 -1 40 -1.70 1643 1121
        13 words
      • Article
        Lock icon HONGKONG
        12 21 '000 Ian poll iingamas Cont 37.70 2.20 -3.35 -0.40 2731 4951
        12 words
      • Article
        Lock icon PHILIPPINES
        22 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.30 32.50 2.50 unch -0.30 -6.00 unch unch 1494 4678 821 0
        22 words
      • Article
        Lock icon TAIPEI
        23 21 Evergreen Marine ...25.80 :irst Steamship 59.40 /Van Hai Lines 25.00 t'ang Ming Marine ..21.25 -1.90 -4.40 -1.85 -1.55 35 3 14 11
        23 words
      • Article
        Lock icon TOKYO
        37 21 '000 (awasaki Hvylnd...240.00 -17.00 ***** (awasaki Kisen 875.00 -69.00 9076 Mitsubishi Hvy 384.00 -23.00 ***** Mitsui Eng&Sbldg ..310.00 -24.00 ***** MitsuiOsk Lines ..1077.00 -70.00 ***** Mippon Express 527.00 -21.00 6087 MipponYusen 727.00 -45.00 7811 source: Reuters
        37 words
  • Page 21 Advertisements
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      23 21 International Ship Classification INTEGRITY SERVICE QUALITY nranmzsm ,~Zj Keeping you ISCLCISS at the forefront ,MSl>S^:m of maritime safety, fmWUB^jBLm security and environmental protection
      23 words
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      Lock icon Page 21 Advertisements Column 2
      50 21 Declaring Agents for Export Permits Certificate of Origin/Form D. lIIHII M I Lianhe Zaobao I I Spore I I tycoons I IseetheiL I I shrink as I I stock I I market I I plunges I I J&rfj-^jS^ I ST O I Cfk, tk vtykt StuffWWW.ST7OI.COM jobs cars property shops
      50 words
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      Lock icon Page 21 Advertisements Column 3
      1454 21 IN THE MATTER OF FORM 55 IN THE MATTER OF SECTION 290 OF (Rule 112) THE COMPANIES ACT THE COMPANIES ACT (CAP. 50) NOTICE OF MEETING CHAPTER 50 imthpul™™: (GENERAL FORM) AND IN THE MATTER OF BAHEHOISSIOmLTD IN THE HIGH COURT OF SEBU SHIPPING PRIVATE LIMITED [c^P^Re^Ho^o: r e republic
      1,454 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon China market bears watching too
      508 22 PLUNGING markets everywhere have focused attention on the prospects of a US recession and the threat this poses to world economic growth. But within the region, there is still a relatively strong belief that Asia can weather any recession in the US. This is premised
      508 words
    • Article, Illustration
      Lock icon Some tax areas to address in the Budget
      1160 22  -  DAVID SANDISON Spores tax system can perhaps play its part in incentivising enterprise and investment By next few years, I am not in a position to dictate how these mechanisms within the system should be applied, if at all (although I do
      BLOOMBERG  -  1,160 words
    • Article, Illustration
      Lock icon Signs are good that China is on the reforms road
      783 22  -  FRANK CHING THE BOTTOM LINE SEVENTEEN years ago when Beijing was bidding to host the 2000 Summer Olympics, its official slogan was: "A more open China awaits the 2000 Olympics". The chairman of China's bid committee at that time, then
      783 words
    • Article, Illustration
      Lock icon Carving out a slice of global halal pie
      1374 23  -  SAID ABDULLAH With this week's halal products exhibition, Singapore hopes to tap the estimated USslsob market By WHEN the doors open for its exhibition of halal products at the Singapore Expo from Jan 24 to 27, Singapore hopes to tap into a
      FILE PHOTO  -  1,374 words
    • Article, Illustration
      Lock icon Sovereign wealth funds deserve US welcome
      930 23  -  FREDERICK KEMPE Bloomberg By IT'S good and bad that the issue of sovereign wealth funds (SWFs) has entered the US presidential debate. What's positive is that the candidates have the chance to educate the American electorate during a moment of mounting economic gloom and
      Bloomberg; AFP  -  930 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARS
      6500 24 Transaction date: Jan 22 52-wks Tel )h Low Code Last Sale Vol (*000) Hi, Day Last Quote |h Low Buyer Seller Div GrYld Net C'vr P/E M Cap $mil Hi! Com[ ,an; 5716 1st Software 22 6.5 3148 STelecom 30 11 5 5834 A-Sonic 107 98 6389 ABF
      6,500 words
    • Article
      Lock icon SGX XTRANET
      69 24 Hii Low Code Com Sale cooo; Hii Low Bm Seller C'vr P/E >mil 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 US200xd US6200 US1000 US***** 260 70 100 100 ***** ***** 6170 SPDRS 398.3 297.5
      69 words
    • Article
      Lock icon SGX CATALIST
      2108 24 Hii Low Code Comi Sale Cooo) Hii Low Bui Seller C'vr P/E Slllli 30 11.5 1181 s AAGrp 41.5 20.5 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System 34 29 3518 s Afor 70.5 12 1524 s Alantac 22.5 8.5 7814
      2,108 words
    • Article
      Lock icon CLOB INTERNATIONAL
      212 24 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
      212 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      57 24 Phoenix 1516 IDD provides quality lines at such liiKl K£l firwli ll^ m\w affordable rates it makes calling irresistable. JHjta| n,^s,nJpT(f|iWM 5^5 iifT# 851 P!S!S, wA> PHOENIX > /fiilf(Ml//OOLMJUfl^^^ a\Ya\ 1 5 16~ > C&flt^ fc andUKNTSare -Jit-COM MS PHOENIX Communications Pte Ltd 1 Jalan Kilang Timor #05-02, Pacific Tech
      57 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      362 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 21 World Index Preliminan 994.7 -2.7 -9.6 -2.3 -11.4 -3.0 -5.' EAFE Preliminan 960.5 -5.2 -13.3 -5.0 -12.1 -5.6 -6. Euro[ Preliminan 1310.0 -5.9 -12.3 -6.0 -12.2 -6.6 -6.I Pacific 839.5
      362 words
    • Article
      Lock icon PALM OIL
      64 25 Jan 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Feb 08 3168 3100 3172 3060 486 1294 Mar08 3180 3117 3184 3073 4623 ***** Apr08 3180 3115 3180 3068 ***** ***** May 08 3159 3109 3164 3065
      64 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 25 Jan 22 en Hie Sett STI SIMSCI Jan 340 357.4 354.3 Taiwan Jan 294 297.2 285.4 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD
      21 25 RATES Jan 22 Offer Bid 1-month 1.4484 1.4491 2-months 1.4463 1.447 3-months 1.4441 1.4449 6-months 1.4386 1.4395 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 25 Jan 22 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2364 1.2375 0.8519 0.8524 Canadian dollar 1.4025 1.4032 0.9663 0.9666 Euro 2.0865 2.0875 1.4376 1.4379 NZ dollar 1.0732 1.0740 0.7394 0.7398 terlinc nd 2.8067 2.8079 1.9338 1.9341
      156 words
    • Article
      Lock icon SICOM FUTURES
      296 25 Jan 22 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul/Sep 08 374.75 375.00 376.00 376.00 376.00 376.00 RSS 3 (US cents/kg) Month Hig 3H Low Sett Volume (tonnes)
      296 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 25 As at 9am Jan 22 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2400 1.2550 Can dollar 1.3960 1.4120 Euro 2.0840 2.1060 NZ dollar 1.0700 1.0940 Sterlinc nd^ 2.8020 2.8340 US dollar 1.4450 1.4620 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon INTERBANK RATES
      162 25 Jan 22 Offer Bid Overnight 1 1/4 1-month 1 5/8 2-months 1 11/16 3-months 1 3/4 Overnight mode: 1 9/16 US$ Offer 1 1/8 1 1/2 1 9/16 1 5/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 4.20 3.88
      162 words
    • Article
      Lock icon INTERBANK CROSS RATES
      469 25 Jan 22 AJL CS_ Rmb Euro HKS Ind Rs Rur Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.882 6.164 0.593 6.655 33.809 80.903 0.903 8.130 2.813 1.152 53.221 35.407 1.237 6.232 0.946 27.691 28.291 0.441 0.852 Canada 1.134 6.990
      469 words
    • Article
      Lock icon PRECIOUS METALS
      139 25 Jan 22 (USS/oz) Jan 22 Jan 21 Hong Kong London 855.50 872.50 856.50 873.50 Aug 21 Jan 18 867.10 880.25 867.80 880.95 Source: Reuters CAST BAR (S$) Jan 22 Buying Sellini Kilobar "42,851.36" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz
      139 words
    • Article
      Lock icon LONDON METALS
      70 25 Jan 21 minimum, 99.7 jrity (USS/tonne) Co Close Previou: .ash 2365.50 2406.51 I months 2410.00 2450.0I .opper. Grade A (USS/tonne) ;ash months 6901.00 6870.00 7171.01 7141.01 .ead (USS/tonne) .ash 2497.00 I months 2510.00 2586.0I 2590.0I Jickel (USS/tonne) .ash I months *****.00 *****.0I *****.00 *****.0I 'in (USS/tonne) .ash I
      70 words
    • Article
      Lock icon LIFFE
      81 25 Jan 21 COCOA (£/tonne) Close Prev Hit h/Low Mar08 1116 1128 1130/1113 May08 1135 1146 1147/1132 Jul 08 1162 1172 1170/1160 Sep 08 1148 1160 1154/1145 COFFEE (USS/tonne) Close Pev High/Low Jan 08 1955 1962 1967/1964 Mar 08 1985 1988 2003/1983 May 08 2011 2012 2025/2006 Jul 08 2027
      81 words
    • Article
      Lock icon SIBOR
      79 25 Jan 22 (US$) (S$) 3.***** 1.***** 1 mth 2 mths 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 2.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths
      79 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 25 Jan 22 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****Z 24.04.08 1-Year BY*****A 29.09.08 1.56 1.61 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid ma Day's gh 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 NY*****X 3.125
      87 words
    • Article
      Lock icon CHICAGO BOT
      105 25 Jan 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 08 1264.00 1271.00 1276.00 1245.00 May 08 1283.25 1291.00 1293.00 1264.50 Jul 08 1297.50 1305.50 1309.50 1278.50 Aug 08 1296.00 1300.00 1305.00 1280.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 08 53.14 52.91 53.18
      105 words
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      Lock icon CRUDE OIL & PRODUCTS
      78 25 CRUDE OIL PRODUCTS Jan 21 CRUDE (FOB origin) USS/barrel Close Chanc Brent blend (1 -Mth F) 87.84 -1.72 WTI (Near Mth) 88.67 -1.89 Dubai (1 -Mth F) 83.5 -1.14 Tapis blend 93.35 -1.15 Minas 91.6 -1.15 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 91.51 103.50 -0.59 -1.65 USS/barrel
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      Lock icon SGX DERIVATIVES TRADING
      359 25 Jan 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar08 Jun08 Sep08 Dec08 96.815 97.360 97.535 97.545 0 0 0 0 ***** ***** ***** 6185 EUROYEN FUTURES Mar08 99.235 99.320B Jun08 99.415 99.480B Sep08 99.450 99.505B Dec08 99.415 99.480B Mar09 99.405 99.445B Jun09 99.395B Sep09 99.340B
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      Lock icon BONDS & WARRANTS
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  • MOTORING
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      Lock icon Car distributors looking to counter falling demand
      806 29  -  SAMUEL EE With 81% of cars aged under 4 years, there may be fewer buyers this year By! 2007 will be best remembered for being the year when the number of deregistered cars slowed to a crawl and the car population grew a
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      Lock icon Car population jumps record 9% last year
      502 29  -  SAMUEL EE By SINGAPORE'S passenger car population jumped 9 per cent last year a sure sign that this year's COE quota will be reduced significantly. Although the number of certificates of entitlement available last year shrank about 10 per cent that is, the
      502 words
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  • EXECUTIVE MONEY
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      Lock icon The gifts of low inflation
      1051 30  -  JEFF APPLEGATE Global equities expected to see sixth consecutive year of positive returns By THE advent of a new year traditionally kicks off the forecasting season. For us, however, this isn't a once-a-year exercise. Analysing global markets, monitoring investment portfolios and offering an informed long-term
      Citi Global Wealth Management,; Bloomberg, Ibbotson and Fact Set as of  -  1,051 words
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      Lock icon Changing times add glitter to gold
      809 30 New York Times News Service [NEW YORK] The price of gold has always been a way to keep score of economic, financial and political instability, but the game may be changing. The dollar is weak, inflation is troublesome and the world isn't getting any
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      Lock icon Hold on to stocks: private bankers
      1116 31 For long-term investors who have no equity investments, this may be a good time to accumulate some, reports GENEVIEVE CUA EQUITY markets have taken a turn for the worse, but as fear appears to be in the driver's seat, some private bank strategists are
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      Lock icon Investing in infrastructure
      1105 32 It's a major trend now, but what place does the theme have in an individual's portfolio? GENEVIEVE CUA finds out THE infrastructure theme is emerging as something of a buzzword among strategists looking to channel clients' money into the next big thing. For one thing, the theme
      Upper. Based on returns in Ss. With income reinvested.  -  1,105 words
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  • Page 32 Miscellaneous