The Business Times, 24 January 2008

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    27 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Thursday, January 24,2008
    27 words
  • Article
    Lock icon Buying window opens amid market turmoil
    971 1  -  TEH HOOI LING Markets rebound but analysts find value in stocks trading below fundamental worth By [SINGAPORE] The Singapore market, pummelled since the beginning of the year, is seeing a large number of stocks trading at prices that make them attractive buys for those
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      45 1 Inesi lay lange ICOMP Closed IIKKEI225 12,829.06 +256.01 JANG SENG 24,090.17 +2332.54 ;et INDEX 740.65 -0.89 JAKARTA COM P 2,476.28 +181.75 IANILACOMP 3,058.26 +79.85 ;eoulcomp 1,628.42 +19.40 ;henzhen B 634.41 +25.08 IUMBAI IND 17,594.07 +864.13 11AM EDT 11,853.89 Change -117.30 )OW IASDAQ 2,259.47 -32.80
      45 words
    • 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 FOREX
      36 1 IS$ (S$ per US$) 1.437 (USS/SS )er£) 1.959 2.815 ;URO(US$/S$/E) 1.460 2.09I 'EN 106.50 74.2 3.283 2.285 IK$ 7.807 5.43. !AHT 33.14 23.07 IUPIAH 9,396 6,541 IENMINBI 7.232 5.03. INDIAN RUPEE 39.54 27.52 1.149 0.801
      36 words
  • Article
    Lock icon China banks allowed to invest in S'pore stocks,funds
    444 1  -  OH BOON PING Move will broaden appeal of stocks here as China widens programme By [SINGAPORE] China's commercial banks can now invest in Singapore stocks and funds a move that could broaden the investment base of markets here. Yesterday, the Monetary Authority
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      70 1 CLIENT INFO BizlT MISSED PROPERTY Seven Whitebox market set W^^ftfk I^. FORECASTS West Coast sea-facing ex-Citibankers to profit from Intel A wr Apple shares plunge condo site launched charged page 2 page 25 m page 15 page 30 Commentary: Clearly just a short-term fix PAGE 3 "j *T 4 Not
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  • TOP STORIES
    • Article
      Lock icon Seven ex-Citibankers charged with stealing client information
      640 2  -  CONRAD RAJ Under Computer Misuse Act, they could face up to 20 years in jail, fine up to $125,000 By [SINGAPORE] In an unprecedented action, seven former Citibankers were hauled into court yesterday to face a combined total of 1,223 charges, largely for
      640 words
    • Article
      Lock icon Tax advisers' Budget wish: cut personal tax to 18%
      559 2  -  MICHELLE QUAH Companies could use more incentives, while estate duty should go, they say By I [SINGAPORE] There won't be a further cut in corporate tax rates for this year's Budget, but it's about time that personal income tax rates are
      559 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon PM Lee confident S'pore will weather storm
        59 2 PRIME Minister Lee Hsien Loong believes a US recession is likely, and in the event, Singapore and other Asian economies will not be untouched. But he is confident that Singapore will weather the storm, and despite the global turmoil, Asia remains a dynamic
        59 words
      • Article
        Lock icon K-Reit plans rights issue; Q4 income up 62.6%
        78 2 K-REIT Asia, which yesterday posted a 62.6 per cent year-on-year jump in fourth-quarter distributable income to $6.9 million, is proposing a rights issue to raise gross proceeds of up to $700 million. Net proceeds from the issue will be used to repay
        78 words
      • Article
        Lock icon Keppel Shipyard clinches $145m contract
        53 2 KEPPEL Offshore and Marine unit Keppel Shipyard has won a $145 million contract for the integration and completion of a "Bully" rig design drill-ship. This is the second similar contract awarded to Keppel Shipyard by a company jointly owned by Frontier Drilling and Shell. COMPANY
        53 words
      • Article
        Lock icon Inflation jumps 4.4% in Dec to a 25-year high
        82 2 FUELLED by higher transportation, food and healthcare costs, inflation in Singapore hit a 25-year high in December, when the Consumer Price Index jumped 4.4 per cent from a year ago. For the whole of 2007, the CPI rose 2.1 per cent
        82 words
      • Article
        Lock icon Jakarta recovers US$3m worth of stolen assets
        55 2 AFTER years of legal and diplomatic efforts, Indonesia has managed to recover US$3 million worth of stolen assets hidden in Australia, local press said yesterday. The government also is in the process of taking back some US$lB million from Switzerland and US$lOO million
        55 words
      • Article
        Lock icon Fed's rate cut could boost consumer spending power
        66 2 FOR many Americans, the effects of the Federal Reserve's aggressive rate cut will be swift and striking. With US$2.5 trillion in consumer debt outstanding and trillions more in home equity lines of credit and adjustable rate mortgages a cut of the magnitude
        66 words
      • Article
        Lock icon Bank of China denies report of huge sub-prime writedown
        94 2 BANK of China has denied a report saying it might see a significant drop in profit or even a loss for 2007 because of holdings in US mortgagebacked securities. The bank issued a statement on Tuesday after two days of sharp
        94 words
      • Article
        Lock icon S'pore developers seen posting sterling results
        62 2 SINGAPORE'S top three property developers Keppel Land, Capita Land and City Developments are expected to report a sterling year of results, benefiting from a boom in Asia, but market turmoil and government intervention to curb house inflation is clouding 2008 prospects. Keppel Land will
        62 words
    • Article
      Lock icon MIT to make S'pore its second home
      460 2  -  ONG BOON KIAT It could send 400 faculty and students here by 2010 for joint projects By [SINGAPORE] Singapore is set to become the largest international research base for the Massachusetts Institute of Technology (MIT), enabling the Republic to benefit from the American
      460 words
    • Article
      Lock icon PM Lee confident S'pore will weather storm
      683 3  -  ANNA TEO Asian growth story will help it ride turbulence elsewhere, he says By in Paris PRIME Minister Lee Hsien Loong believes a US recession is likely, and in the event, Singapore and other Asian economies will not be untouched. But he is
      683 words
    • Article, Illustration
      Lock icon US rate cut clearly just a short-term fix
      727 3  -  It SIVANITHY COMMENTARY By WILL the US Federal Reserve's hurried, but not wholly unanticipated, 75 basis point rate cut on Tuesday work? It depends on what the desired outcome is. If it's to provide short-term support to the crashing stock markets, then
      727 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      407 2 THF monftary authority of sinc.aporf TENOR APPROXIMATELY 2 YEARS TOTAL AMOUNT OFFERED SGD 1,600,000,000 MINIMUM DENOMINATION SGD 1,000 MAS'INTENDED TENDER AMOUNT Nil (NON-COMPETITIVE) ISSUE CODE N5051 OOF (Reopened) ISIN CODE 5G********** ISSUE DATE/SETTLEMENT DATE 4 FEBRUARY 2008 MATURITY DATE 1 APRIL 2010 COUPON RATE 2.625% P.A. YIELD AND PRICE TO
      407 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      9 2 people t Roaming WOrR Asia-Pacific. www.thepeopleatwork.com Asia-Pacific Executive Search
      9 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      21 3 r 1 WORLDWIDE HOTEL RESERVATION www. I uxu ry. co m. sg Complete with rates and location map tmqb L J
      21 words
    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      94 3 is i^^i ifc^ hi Ik« BS^*^^ w/i mlffim Wm&a anSMM fIHHr v'MIJSB^fI I Available at: All Watches Wisma Atria Tel: 6733 2823 pj BpNJ A M I N Cortina Watch Centrepoint Tel: 6738 9961 Millenia Walk Tel: 6339 1728 Exclusive Distributor and Service Centre Raffles City Tel: 6339 9185^DicksonWatch&JewelleryParagon Tel:
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rebounds 4% in volatile session
      607 4  -  R SIVANITHY STOCKS Index gains some 100 points before sinking into the red and then ending 117 points higher CLEARLY, this market is not for the faint-hearted in all, the Straits Times Index yesterday traversed more than 300 points throughout the day, first rising
      Bloomberg  -  607 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      102 4 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 9 6 2 0 0 0 9 6 2 Manufacturing 125 36 49 12 12 12 137 48 61 Commerce 48 13 14 11 59 17 18 Tpt/Stor/Comms 30 32 Finance 27 27
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 35.400 35.400 174.438 174.438 lanufacturing 621.666 117.671 739.337 564.892 13.052 577.944 Commerce 118.890 4.357 123.247 132.235 800 133.035 'pt/Stor/Comms 174.425 761 175.186 506.424 242 506.666 :inance 82.171 410 82.581 729.211 47 729.258 Construction 105.974 17.711 123.685 31.832 3.029 34.861
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 4 tod name lose lam lapitaLand 5.840 +0.420 :apitaMall 2.950 +0.290 jtyDev 11.700 +0.880 losco Corp 4.200 +0.050 IBS Grp 17.800 +0.300 :&N 4.880 +0.230 Sent Intl 0.605 +0.015 IK Land 4.420 +0.220 ISH 15.040 1.040 lardine C&C 17.300 1.460 leppel Corp 11.200 +0.720 leppel Land 5.950
      113 words
    • Article, Illustration
      Lock icon BROKERS'TAKE
      915 4  -  MATTHEW PHAN Market Commentary OCBC Research, Jan 23 AFTER days of aggressive selling, the US Federal Reserve, in an unusual move, cut its benchmark Fed funds rate by 0.75 percentage point to 3.5 per cent in an effort to fend off a recession. This is its first emergency reduction
      Bloomberg  -  915 words
    • Article, Illustration
      Lock icon US$ slips against yen, euro after Fed cut
      437 4 ■AFP CURRENCIES [TOKYO] The dollar sank against the yen and euro in Asia yesterday, with investors unconvinced the worst is over despite the US Federal Reserve's drastic rate cut to ward off recession, analysts said. The Federal Reserve aimed to reassure jittery
      ■AFP; AFP  -  437 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      45 4 Jan 23 VALUE CLOSE -2277.00 +394.0 BT OB/OS BT CADI -*****.00+273.0 BT 10-day MA -*****.00-227.00 FTSE ST Mid Cap 738.34+30.13 FTSE ST Small Cap 658.62+14.33 FTSE ST All Share 761.46+28.42 FTSE ST China 526.53+14.62 SIMSCI 364.84+13.89 SIMSCI Futures 366.50+12.20 PrimePartnersCI 170.53 +4.34
      45 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 4 VOLUME China Honqxinq 87,457,000 Yanqzijianq 67,507,000 Jade Tech 65,709,000 Memstar 51,931,000 JiutianC 45,202,000 Firstßes 42,454,000 SingTel 41,632,000 STXPOKWIOO 36,200,000 STI3IOOBNPeCWOBO32B 35,098,000 JES 30,397,000 VALUE(S) DBS Grp 286,578,660 SGX 165,036,790 SingTel 153,200,960 UOB 147,516,360 Capita Land 111,746,880 Keppel Corp 111,002,900 S I A 102,338,060 Cosco Corp 90,467,092 STXPOKWIOO
      55 words
    • Article
      Lock icon RISES
      106 4 BY CENTS CLOSE UP 8830 402.1 3.3 GLD 10US$ China H 10US$ 1728 285.8 13.0 JMH 2590 272.9 7.9 JSH 1504 149.4 7.4 Jardine C&C 1730 146.0 9.2 Venture Con 920 145.0 18.7 ISMSCI India 100 846 102.0 9.2 :it 1170 88.0 8.1 DBS MBLJCW*****0 558 84.0 17.7 UOBMBLiCW*****0
      106 words
    • Article
      Lock icon FALLS
      120 4 STI 3300 DBePW/*****3 BY CENTS CLOSE DOWN 72.5 -32.5 -31.0 STI 3800SGAePW*****8 100 -28.0 -21.9 STI 3300BNPePW*****8 44 -21.0 -32.3 STI 3300SGAePW*****8 65.5 -21.0 -24.3 Petra 126 -20.0 -13.7 STI3100SGAePW*****8 43.5 -19.5 -31.0 Sini lTelMBI_ePW*****8 60.5 -18.0 -22.9 ilanMBLePW***** 57 -16.5 -22.4 STI 3000BNPePW*****8 18 -16.5 -47.8 UOBMERePW*****8 37.5
      120 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      86 4 Jan 23 CHNG CLOSE FR Jan 22 YR 2008/07 S$ LOW S$ HIGH USS 1.4350 0.89 1.5479 1.4257 Euro 2.0986 -0.30 2.1639 1.9913 Pounds 2.8092 0.46 3.1194 2.7885 AS 1.2478 -0.43 1.3555 1.1741 Yen* 1.3491 0.92 1.3821 1.2285 Rupiah* 0.***** -0.06 0.***** 0.***** Baht* 4.3308 0.73
      86 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      64 5 Kris Flyer sh3sbsss PPS Club!^ HSshSHHIII IbIHII Hll In mil a H nil llllllllillllillillllllllllllllllllllH Valid Thru Member Since 09/07 05 S WILLIAM LEE JtttM Kn-sF-yerl 1 0 2 1.7 2 i 9 6 I ©AM EX ■■in i W wWHIK/** m~mmm^ll^^^EK mmm" Valid Thru Member Since sinGAPORE I^n irCi yCD
      64 words
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  • COMPANY NEWS
    • Article
      Lock icon K-Reit plans rights issue;Q4 distributable income up 62.6%
      530 6  -  KALPANA RASHIWALA Distributable income boosted by One Raffles Quay, higher rental contributions By K-REIT Asia, which yesterday posted a 62.6 per cent year-on-year jump in fourth-quarter distributable income to $6.9 million, is proposing a rights issue to raise gross proceeds of up
      530 words
    • Article
      Lock icon ART distributable income for Q4 up 54% to $12.8m
      341 6  -  CHEW XIANG By ASCOTT Residence Trust (ART), which owns serviced apartments, yesterday announced distributable income of $12.8 million for the fourth quarter, boosted by new acquisitions and strong operating performance. The distribution for the three months ended Dec 31, 2007 is
      341 words
    • Article, Illustration
      Lock icon MapletreeLog defers its proposed rights issue
      510 6  -  ARTHUR SIM By GLOBAL capital market volatility has forced Mapletree Logistics Trust (MapletreeLog) to defer its proposed rights issue aimed at raising up to $500 million to fund acquisitions. The rights issue was announced late last month, but this was swiftly followed earlier this
      510 words
    • Article
      Lock icon $11.3m Q3 distributable income for Ascendas India
      407 6  -  OH BOON PING By ASCENDAS India Trust has reported a distributable income of $11.3 million for the third quarter ended Dec 31, 2007. Net property income was $15.7 million 57 per cent higher than the same quarter last year while DPU was 1.50
      407 words
    • Article, Illustration
      Lock icon Give Apple its bite and land the iPhone deal, SingTel
      643 6  -  SIOW LI SEN WHAT'S the big deal about the iPhone? It's only for 2G, and you can't do things like mass SMS," says one executive with a local telco. That rather dismissive comment on the iPhone is instructive and lends
      643 words
    • Article, Illustration
      Lock icon Keppel Shipyard clinches $145m contract
      378 7  -  VINCENT WEE Delivery of drill-ship is expected by the second quarter of 2010 ByV KEPPEL Offshore and Marine unit Keppel Shipyard has won a $145 million contract for the integration and completion of a "Bully" rig design drill-ship. This is the second similar contract awarded
      378 words
    • Article
      Lock icon Parkway to buy out Shanghai partners
      400 7  -  CHEN HUIFEN By HOSPITAL operator Parkway Holdings could soon dip its toes deeper into the Shanghai healthcare market, as the group has agreed to take full control of the World Link group of companies. Parkway, which already owns 60 per cent of World Link,
      400 words
    • Article
      Lock icon S'pore listings of Indian Reits may be delayed
      604 7 Reuters THEY should be perfect for choppy markets low volatility securities in a mature stock market based on assets in a fast-growing Indian economy that many believe will weather the global storm. But planned Singapore listings of real estate investment trusts, spun
      – Reuters  -  604 words
    • Article, Illustration
      Lock icon CapitaLand malls welcome the Rat
      388 7  -  ARTHUR LEE By i CAPITALAND is pulling out all the stops to attract shoppers to its malls to usher in the Year of the Rat. And its efforts are paying off, with some tenants particularly pleased. "Capita Land's CNY promotions consistently drive a high volume
      ARTHUR LEE  -  388 words
    • COMPANY BRIEFS
      • Article
        Lock icon Sino-Env wins 181m yuan China contracts
        85 7 SINO-ENVIRONMENT Technology Group said it has secured desulpharisation contracts in China worth 181 million yuan (5535.9 million). The first contract, worth about 63 million yuan, is for the Huatai Group. Construction, to begin in the second quarter of 2008, will be completed in about
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      • Article
        Lock icon Robinson names ANZ its financial adviser
        75 7 Reuters SINGAPORE retailer Robinson Co said yesterday it has appointed Australia and New Zealand Banking Group (ANZ) as independent financial adviser on the buyout offer from Dubai-based Al-Futtaim Group. ALF Global, wholly owned by Al-Futtaim, on Sunday offered to buy all shares in Robinson
        – Reuters  -  75 words
      • Article
        Lock icon Shanghai Turbo plans property investment
        48 7 SHANGHAI Turbo Enterprises plans to venture into property investment in commercial assets in China, Macau and Taiwan. It has set up a new subsidiary, Rosace, in Hong Kong to do so. It is looking at partnering other firms to co-invest in some projects.
        48 words
    • Article
      Lock icon Cosco units win contracts worth US$422m
      237 7 COSCO Corporation (Singapore) Ltd has won conversion and tanker building contracts totalling US$422 million. The shiprepair and marine engineering and shipping group won the contracts through 51 per cent-owned Cosco Shipyard Group (CSG). The tanker building contract was awarded by a Norwegian customer to
      237 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      186 6 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. L f ww NOTICES i^^^ The global name in CFDs CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. II Go long or short
      186 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      36 7 Book your tickets now! Show opens Friday 25 Jan d 19 mkm mmm a a raw SPONSORS OFFICIAL HOTEL m^£ ssss ,L, HIi EfjH NATIONAL ARTS COUNCIL LEE FOUNDATION BooH] IS hong leo*C rouwDftTioN Byjj^fl SINGAPORE
      36 words
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  • SINGAPORE CORPORATE AWARDS
    • Article, Illustration
      Lock icon Rewarding good corporate governance
      1172 8  -  MICHELLE QUAH SCA honours practices, companies and individuals that help raise Spores standards of corporate disclosure and governance By I GOOD corporate governance is more than just a fad or a punchline it's a way of life that should be embraced by companies because it makes
      FILE PHOTO  -  1,172 words
  • Page 8 Advertisements
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      200 8 t r o Pml JJUJJ^^MIiiIM JANUARY ISSUE FROM ONLY $10! f v TBXt IS LMJ jSB RWBfflS PRINTING SOLUTIONS I^^^Tfl -^MMWJVM" A Brand NeW Year" A Brand I PllTl *k iMM 91 g a Brand Nok a i till |fj^ —-i r— x WIN! J k,' 1 L J VO
      200 words
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      Lock icon Page 8 Advertisements Column 2
      38 8 This year's Singapore Corporate Awards will be held at The Raffles Ballroom, Raffles City Convention Centre, on Wednesday, Feb 20, 2008. For table reservations, please contact Christine Ang at 6319-5119 (DID), 6319-8292 (fax) or email her at anglcc@sph.com.sg
      38 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Boat Asia to be held at Marina at Keppel Bay in April
      465 9  -  VINCENT WEE By SOUTH-EAST Asia's leading boat show, Boat Asia, has set anchor at Keppel Bay. Show organiser TMX Show Productions yesterday signed an agreement to host the 2008 edition of the event at Keppel Land's new Marina
      465 words
    • Article, Illustration
      Lock icon F1 zooming into Chingay parade
      343 9  -  Arthur Lee SINGAPOREANS will get their first sneak preview of what a Formula One race looks like when a real Fl racing car from Team Red Bull Racing of Austria hits the road at the Chingay parade next month. The car will be seen by
      ARTHUR LEE  -  343 words
    • Article
      Lock icon Tourism receipts surge to record $13.8b
      254 9  -  QUAH CHIN CHIN Visitor arrivals hit new high of 10.3 m; hotels cash in By LAST year proved to be a bumper one for Singapore's tourism sector, according to new figures released by the Singapore Tourism Board (STB) yesterday. The sector raked in an
      254 words
    • Article
      Lock icon COE premiums fall as car demand slows
      251 9 Car prices now likely to drop, drawing bargain hunters PREMIUMS for all five categories of vehicles fell in yesterday's Certificate of Entitlement (COE) tender the second for the year as demand for new cars appeared to dwindle in the run-up to the Chinese
      251 words
    • Article
      Lock icon Imagine a mirror that talks...
      309 9 .AND tells you the brand, colour and prices of the blouse you're trying on, as well as recommending a matching skirt. Well, such a device has already been created by four final-year engineering students at Republic Polytechnic (RP). The quartet Wang Wei Yuan, 21; Choo
      309 words
    • Article
      Lock icon December inflation hits 25-year high
      497 9  -  LYNETTE KHOO CPI jumps 4.4% on higher health care, transportation and food costs By FUELLED by higher transportation, food and health care costs, inflation here hit a 25-year high in December, when the Consumer Price Index (CPI) jumped 4.4 per cent from a year ago.
      497 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      227 9 Laaaaaaaaafll < aLa! afi&aVl KPmSB 1 i Eia) MliaMlfiiill "The Wortd Top 01 The BooF) BKuCTEIiIESi^^fc L^^^l m W Highly symbolic value that b All Dzi stones possess the Mystic Power of bringing Luck, Wealth Peace. My fc. Dzi stones are 100%'Authenticai. If you are in any of these situations:
      227 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Revised India CECA takes effect
      787 10 Tariff concessions have been further liberalised for Singapore's exports to India, reports CHUANG PECK MING SINGAPORE'S free trade pact with India, the Comprehensive Economic Cooperation Agreement CECA for short has been through a review. The revised deal, which covers a broader range of products, came
      787 words
    • Article, Illustration
      Lock icon Persistence pays off for Tee Yih Jia
      471 10  -  CHUANG PECK MING By IT took Tee Yih Jia Food Manufacturing nearly eight years. The Singapore homegrown leader in spring roll pastry manufacturing finally got the Indian government in December 2007 to grant it the Harmonised System Code under the Singapore-India Comprehensive Economic
      471 words
    • Article
      Lock icon Where to get help on FTA matters
      285 10 panel International Enterprise Singapore INTERNATIONAL Enterprise Singapore, the government trade promotion arm, has a wide range of FTA (Free Trade Agreement) outreach programmes to help companies wanting to tap CECA and other FTAs. They include: Industry and Market Focused FTA Seminars: These are
      panel – International Enterprise Singapore  -  285 words
    • Article
      Lock icon A step-by-step guide to CECA concessions
      443 10 upon goods port. International Enterprise Singapore 4> Check with the Indian Customs Authority or your importer for the Indian HS (Harmonised System) Code of your product. It's the first step in finding out the Indian import tariff for your product. 4> With the HS
      upon goods port. – International Enterprise Singapore  -  443 words
    • Article
      Lock icon Win-win deals from FTA links
      173 10 International Enterprise Singapore AFTER a country or region inks a free trade agreement (FTA), it is legally bound to reduce or tear down barriers to let goods and services of the other FTA signatories enter its market free or at a lower tariff rate. If
      – International Enterprise Singapore  -  173 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      234 10 l;l m mM Q We are keen to tap on benefits from Singapore's network of FTAs. How can we leverage the FTAs? WsM I M And where can we get further information and assistance? W/U rwnl •r In f 1 w.iim ""'H a First, determine if you have business interest
      234 words
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  • PREMIUM PEOPLE
    • Article, Illustration
      Lock icon For want of greater exposure, challenge
      971 11 Two young persons tell CHOW PENN NEE why they are drawn to the general insurance field A JOB in insurance might not appear to everyone to be a glamorous option, but quite a few young people are turning to insurance in preference to a
      JOHN HENG  -  971 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      132 11 AMARIATRIUM aW_n_ 'l;!!f!,-'i'" 't^^'Xi! CAMILLIAN N^ HMMIIMHRIImIIM^ Sntfc tSf'f^J^^'. I ITTI F MmW I F<m\\\\\\ m V J^S**"- r- yS;i.n ■i; s MPT 1 t* NEI >. > -J^Ma^aH Tokyo/ a^ M mi Hji-jiiiTEgPi^juKi^ pv -^^--'3->'^SB \.//(f L I MIIIIMIM ■-s^-- l-^|§^s.^# /52^M« POLICE STATION 1 BlPlWSPlfllll^^ uV **S^V V*"
      132 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon US rate cut will help to slow inflation: Bank Indonesia
      248 12 Bloomberg [JAKARTA] Indonesia's central bank said that the US Federal Reserve's move to slash its policy rate will attract investors to the rupiah and an appreciating currency will help to slow inflation in South-east Asia's biggest economy. "We will take
      – Bloomberg  -  248 words
    • Article
      Lock icon Abdullah doubts repeat of 2004 landslide election win
      351 12 -AFP M'sian PM concedes he has yet to fulfil some core promises made 4 years ago [KUALA LUMPUR] Malaysia's Prime Minister Abdullah Ahmad Badawi has conceded that the ruling coalition is unlikely to score a repeat of its 2004 landslide victory in
      -AFP  -  351 words
    • Article
      Lock icon Jakarta recovers US$3m worth of stolen assets
      253 12 Xinhua Indonesian bank bosses had stashed money in Australia [JAKARTA] After years of legal and diplomatic efforts, Indonesia has managed to recover US$3 million worth of stolen assets hidden in Australia, local press said yesterday. The government also is in the process of
      – Xinhua  -  253 words
    • Article
      Lock icon RM7b projects in hand, reveals WCT
      205 12 [PETALING JAVA] WCT Engineering Bhd is unperturbed by jitters in the US economy as it has already locked in some RM7 billion (Ss3 billion) worth of projects that will keep it busy for two years, says a report in Starßiz quoting chairman Ahmad Sufian
      205 words
  • Page 12 Advertisements
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      146 12 ~*^""^P Sk We know better. nM.m, -f-L -r When it comes to office accommodation, we identify opportunities from a more distinct point of view. Colliers International is one of the largest real estate consultancies globally and in Singapore. More importantly, it is our philosophy to make both our global and
      146 words
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      116 12 mmmmmmmm mmmM i SAVE TAX Our qualified professionals W/m-L- can assist you with offshore H J structures, shelf companies t4 and incorporations in ALL jurisdictions including: dujj^Q I British Virgin Islands b _LlJ^^^J^L Cayman Islands b^^b^bVT^^^^b^O Bahamas Kb^J^L _E_B Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate
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  • ECONOMY WATCH
    • Article
      Lock icon Central banks can't resolve current turmoil: Bank of England
      439 13 Reuters They shouldn't try reversing repricing of risks; just leave matter to banks, markets XONDON] Banks and financial markets not central banks ultimately hold the key to a solution to the current financial turmoil, Bank of England governor Mervyn King warned
      Reuters  -  439 words
    • Article
      Lock icon Fed's rate cut could boost consumer spending power
      637 13 -LAT-WP 75m homeowners are likely to feel most significant and immediate benefits ;SAN FRANCISCO] For many Americans, the effects of the Federal Reserve's aggressive rate cut will be swift and striking, rhe average borrower 30uld save hundreds of dollars within a few
      -LAT-WP  -  637 words
    • Article, Illustration
      Lock icon Recession unlikely but concerns could spread: Bush's ex-adviser
      585 13  -  VIKRAM KHANNA By [SINGAPORE] The US Federal Reserve's surprise 75 basis point cut in the Fed Funds rate on Tuesday "was certainly the right thing to do" and "more action is warranted", but the US economy is unlikely to fall into recession,
      585 words
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      645 13 j niJ til hJ 5 }j 3 ail J Junj^ Footnote: 1. Qualifying orders of 2-Second Guarantee are limited to market orders to buy, sell, or buy-to-cover from 100 to 500 shares of the stocks included in theS&P 500 Index. Only orders received between 9:45 a.m. and 3:59 p.m. ETare
      645 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Global turmoil 'won't derail Indian economy'
      542 14 AFP It will lose some momentum but won't be blown off course: Goldman [NEW DELHI] India's economy may lose a bit of steam in coming months but will remain on track for strong growth despite global market turmoil and mounting fears of a US
      AFP  -  542 words
    • Article
      Lock icon Chinese punters caught in market chaos
      504 14 AFP Investors struggle to come to terms with their losses [SHANGHAI] Perplexed Chinese stock punters yesterday wondered how their profits got broadsided by global market turbulence, fuelling charges that the government has been negligent in warning them of the risks. The dramatic falls in
      AFP  -  504 words
    • Article, Illustration
      Lock icon IT'S OUR YEARCOME AND CELEBRATE!
      72 14 REUTERS [HONG KONG] Greeting visitors on Monday at Hong Kong Disneyland were executive vicepresident and managing director Bill Ernest and Hong Kong designer Vivienne Tarn, with Mickey and Minnie. The cartoon characters were dressed in their new costumes as part of the Year of the
      REUTERS  -  72 words
    • Article
      Lock icon Bank of China denies report of huge sub-prime exposure losses
      354 14 AP [SHANGHAl] Bank of China (BOC) has denied a report saying it might see a significant drop in profit or even a loss for 2007 because of holdings in US mortgagebacked securities. The bank issued a statement on Tuesday after
      AP  -  354 words
    • Article
      Lock icon China sets up task force to check banks' sub-prime exposure: report
      171 14 AFP [BEIJING] China has established a task force to monitor the US sub-prime exposure held by domestic lenders as worries over the impact ofthe mortgage crisis intensifies, the Financial Times reported yesterday. The China Banking Regulatory Commission (CBRC), the
      AFP  -  171 words
    • Article
      Lock icon Indian industry group calls for interest rate cuts
      297 14 Reuters [NEW DELHI] A top Indian industry lobby group yesterday urged the central bank to cut interest rates to strengthen domestic economic fundamentals amid global uncertainty. The US Federal Reserve cut its benchmark interest rate by 75 basis points on Tuesday the
      Reuters  -  297 words
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      1213 14 ■■■■■■■■■■■■bVP^B IN THE MATTER IN THE MATTER OF THE COMPANIES MCC< J II CM OKI J Sit; I M OM M IwTf OF ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF int thf mm rntTHT ny AND WENG SOON ON development IIM IJtljQi JtlllrJtl LUUJKI
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US firms are now in better position to withstand recession
      650 15 Reuters They funded recent expansions with less debt than in the 1980s and 1990s [CHICAGO] While the bad news is the US economy may be headed into a recession, the good news is that many companies have financed recent expansions
      Reuters  -  650 words
    • Article
      Lock icon Soros sees end of dollar as world's reserve currency
      414 15 Bloomberg [DAVOS, Switzerland] Billionaire investor George Soros says the fallout from the US sub-prime crisis will bring about the end of the dollar's status as the world's reserve currency. "The current crisis is not only the bust that follows the housing
      Bloomberg  -  414 words
    • Article, Illustration
      Lock icon Apple shares plunge as it misses estimates
      448 15 Bloomberg [FRANKFURT] Apple shares plunged in German trading after its forecast missed analysts' estimates, stoking concern that consumers will cut back purchases of Macintosh computers and iPod media players. Apple fell 10 per cent to U*****.93 in morning trading in Frankfurt. The stock
      Bloomberg; AFP  -  448 words
    • Article
      Lock icon Morgan Stanley adopts simple majority vote
      243 15 Bloomberg The firm scraps need for 80% vote to change bylaws [NEW YORK] Morgan Stanley plans to let shareholders change the company's bylaws with a simple majority vote instead ofthe 80 per cent now required. The firm will submit the plan at its 2008
      Bloomberg  -  243 words
    • Article
      Lock icon State-backed funds told to adopt a code
      404 15 Temasek has been a responsible investor, says Stanchart head in warning to SWFs in Asia and Mid-East [DAVOS] State-backed investment funds should agree to a code of conduct governing their behaviour, the Financial Times quoted the chairman of Standard Chartered as warning. Mervyn
      404 words
    • Article, Illustration
      Lock icon Thaksin to return in May to fight graft charges: wife
      431 15 Reuters If convicted, she and her husband could face 10 years'jail [BANGKOK] The wife of ousted Thai prime minister Thaksin Shinawatra yesterday pleaded not guilty to corruption charges against her and her husband. She said that Dr Thaksin would return
      Reuters; REUTERS  -  431 words
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      85 15 a^ k Frustrated by slow network or Internet access in your office? I y^jp. ~*»t3) Worried about the confidentiality and integrity of your data? Concerned about security when you transact over the Internet? Faced with frequent virus or spam attacks even with the use of antivirus software? Wondering if you
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  • AVIATION
    • Article, Illustration
      Lock icon Jetstar Australia mulls Changi as regional hub
      595 16  -  YEN SREENIVASAN Four other airports also candidates as stopover for Europe flights: Jetstar CEO By [SINGAPORE] Singapore's Changi Airport and four of its other Asian rivals are being considered by Qantas's discount carrier Jetstar Australia as it evaluates a suitable location for its
      BLOOMBERG  -  595 words
    • Article
      Lock icon KL to expand capacity of budget terminal by 50%
      385 16  -  YEN SREENIVASAN By 1 [SINGAPORE] The timetable for improving the terminal at Kuala Lumpur International Airport dedicated to budget airlines is being brought forward. The present Low Cost Terminal (LCT) is already bursting at the seams, thanks to the rapid growth
      385 words
    • Article
      Lock icon No more-detailed CEA proposal: CNAC
      355 16 Reuters [SHANGHAI] The parent group of Air China, the world's most valuable airline, has said that it would not submit a more detailed proposal for a tie-up with China Eastern Airlines unless China Eastern was willing to negotiate. "We submitted our pro- posal to China
      Reuters  -  355 words
    • Article
      Lock icon SIA, MAS expand code-share pact
      285 16  -  YEN SREENIVASAN Customers will have choice of switching between the carriers By' [SINGAPORE] In what some industry insiders see as a move to consolidate their grip on the Singapore-Kua-la Lumpur service in the lead up to the partial opening up of the route to budget
      285 words
    • Article
      Lock icon Major US airlines roll back fuel surcharge
      239 16 Reuters [NEW YORK] Major US airlines on Tuesday rolled back a fuel surcharge hike offsetting soaring oil prices as consumers baulk at higher ticket prices and as worries over the economy's health grow. American Airlines, Delta Air Lines Inc and US Airways Group
      Reuters  -  239 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2394 16 AIRLINE CODES: A A American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd 'BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,394 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      435 16 CRYPTIC CROSSWORD ACROSS 4 How might one get winning Bi l BPH S 6 7 8 Regrettably went back to BB BJ Bfl BJ BJ the motorway for some sau- HB MMM MM Bji sage (6) I H H BL L I 9 Veal? Do it perhaps as a '0
      435 words
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  • SHIPPING
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 17 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp Labroy Marine MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.56 0.35 4.20 0.94 2.17 1.07
        107 words
      • Article
        Lock icon KLSE
        36 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.95 unch unch 3.54 2.96 0.24 0.17 -0.06 unch unch -0.20 -0.10 -0.01 -0.01 250 0 0 4835 260 5 591
        36 words
      • Article
        Lock icon BANGKOK
        12 17 ■oo 'recious Ship Regional Cont .22.70 .23.30 0.30 0.30 1741 64!
        12 words
      • Article
        Lock icon HONGKONG
        12 17 '000 Jan Doil iingamas Cont 40.65 2.35 2.95 0.15 3201 8301
        12 words
      • Article
        Lock icon PHILIPPINES
        17 17 '000 Aboitiz Equity Intl Container Keppel Marine 6.50 33.50 2.48 0.20 1.00 -0.02 167' 724) 2(
        17 words
      • Article
        Lock icon TAIPEI
        21 17 Jan Evergreen Marine ....24.00 :irst Steamship 55.30 /Van Hai Lines 24.35 t'ang Ming Marine...21.00 -1.80 -4.10 -0.65 -0.25 3! I
        21 words
      • Article
        Lock icon TOKYO
        36 17 '000 :awasaki Hvy Ind ..247.00 7.00 ***** :awasaki Kisen 929.00 54.00 ***** /litsubishi Hvy 400.00 16.00 ***** /litsui Eng&Sbldg...323.00 13.00 ***** /litsuiOsk Lines ...1138.00 61.00 ***** lippon Express 535.00 8.00 4736 lipponYusen 756.00 29.00 9471
        36 words
    • Article
      Lock icon Ramunia accepts MISC's RM3.2b reverse takeover
      368 17 MISC subsidiary MSE to hold over 33% of Ramunia after the exercise [KUALA LUMPUR] Ramunia Holdings Bhd has accepted MISC Bhd's reverse takeover offer worth RM3.2 billion (Ssl.4 billion) through the issuance of 1.4 billion new shares valued at RMI each and 3.6 billion
      368 words
    • Article
      Lock icon Johor still upbeat on port plan
      177 17 [KUALA LUMPUR] Plans to develop Tanjung Langsat Port into a facility targeting the oil-and-gas (O&G) sector by 2012 are on track despite the expected slowdown in the global economy and the fall in crude oil price to under US$9O a barrel, says a report
      177 words
    • Article
      Lock icon GS Caltex to ban single-hull tankers
      183 17 Reuters [SINGAPORE] South Korea's GS Caltex, the country's second-largest refiner, will ban crude shipments to its refineries in sin-gle-hulled oil tankers from next year, jumping ahead of a government plan to ban these tankers by 2011. "South Korean refiners have decided to cut sin-gle-hulled
      Reuters  -  183 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7747 17 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.881/ Star Europe Bond 1.203/ Star Europe Bal 1.151/ Star Asian Tiger Eqty 1.399/ Star Asia Bond 1.248/ Star Asia Balanced 1/ Star Global Technology Fund!" 0.195/ Multi St Fd 0.917/ Star Asia Bond(USD 0.86/ Gib Multi St USD
      7,747 words
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      79 17 CDC LOGISTICS (S) PTE LTD ALL OVER THE WORLD WITH YOU BREAKBULK SERVICE From Pt Klang Singapore Indonesia ports to: DUBAI W^^^^^^^^^^^HB ™E EXPERTISE OF MAN^ THE STRENGTH OF ONE fflffiz'/s'','-■'X^''V'!-'Y--r?.'^^..' 'S?0f& ."""-^^k^^^^^^^^™ t t^ie core our business are multiple world-class investment management I* jl JL '^£&V» *'•>'--;'•;;; ''v''^^^.^''-"'-"-^^^^;^^^^ i
      79 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon KL's addiction to cheap foreign labour
      461 18 TAKE away Malaysia's migrant workers and the Malaysian economy is likely to begin wheezing. That is a stark reality because Malaysia seems to have become addicted to cheap foreign labour. The latest figures indicate that Malaysia now houses 2.3 million foreign workers including students,
      461 words
    • Article, Illustration
      Lock icon Time for a North-east Asia grouping?
      992 18  -  ANTHONY ROWLEY As relations thaw among the N-E Asian nations Japan looks set to focus on its hinterland WALKING on Monday this week alongside the Shinanogawa River in Japan's northern port city of Niigata, with a sleety snow driving into my face, I must
      AFP  -  992 words
    • Article, Illustration
      Lock icon India's Henry Ford moment sign of a nation rising
      756 18  -  WILLIAM PESEK JR THE BOTTOM LINE THE West seems thoroughly unimpressed by India's U552,500 car. The media focused on the environmental evils of millions of Indian households owning Tata Motors' Nano. A Washington Post headline said it all: "It Costs Just
      756 words
    • Article, Illustration
      Lock icon What the Fed's rate cut suggests
      1082 19  -  STEPHEN CECCHETTI It has its genesis in worsening macroeconomic conditions and Bernanke's desire to change the FOMC's modus operandi By YESTERDAY, the Federal Reserve Open Market Committee (FOMQ reduced its target federal funds rate by 75 basis points to 3V2 per cent. This is
      REUTERS  -  1,082 words
    • Article, Illustration
      Lock icon Cutting rates like it's an election year
      638 19  -  LEON HADAR Washington Correspondent THE decision by the Federal Open Market Committee (FOMC) on Tuesday to lower is target for the federal ?unds rate 75 basis ooints to 3.5 per cent is orobably only the first in i series of such cuts by
      638 words
    • Article, Illustration
      Lock icon Northern Wreck may be Gordon Brown's undoing
      733 19  -  NEIL BEHRMANN The British taxpayer will be the ultimate loser in the government's scheme to save the bank IN 1997 the collapse of John Major's economic policy led to Tory defeat and political wilderness in Britain. Now Labour premier Gordon Brown and his
      AP  -  733 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6761 20 Transaction date: Jan 23 Hii Low Code Com[ Sale COOP) Hi. ■ow Bi Seller C'vr P/E $mil 5716 1st Software 22 6.5 3148 STelecom ii- i 107 98 6389 ABF SG Bond ETF 30 14 1938 AEI Corp 27 8 1100 AEM 42 12.4 2101 APOil 141 54.5
      6,761 words
    • Article
      Lock icon SGX XTRANET
      80 20 52-Wk Tel High Low Code Last Sale Vol Cooo) Day Last Quote Div GrYld Net MCa| Low Buyer Seller C'vr P/E $mi Com| Hit 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 US200xd US6200 US1000
      80 words
    • Article
      Lock icon SGX CATALIST
      2114 20 52-Wk Tel High Low Code Last Sale Vol Cooo) Day Last Quote Div GrYld Net MCai Low Buyer Seller C'vr P/E $m Comi Hli 30 11.5 1181 s AAGrp 41.5 20.5 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System 34 29
      2,114 words
    • Article
      Lock icon CLOB INTERNATIONAL
      211 20 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      211 words
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      20 20 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Tel: 6238 6678 Fax: 6238 6676. Internet: http://www.audemarspigjet.com *^M p^^u» ipJlljlBl|
      20 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      372 21 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 22 World Index Preliminan 987.5 -0.7 -10.3 -1.2 -12.5 -0.5 -6.. EAFE Preliminan 957.2 -0.3 -13.6 -0.6 -12.6 0.1 -6.I Euro[ Preliminan 1339.2 2.2
      372 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 21 A. s 9am jan 23 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2460 1.2610 Can dollar 1.3910 1.4080 Euro 2.0920 2.1160 NZ dollar 1.0870 1.1110 jterlin mnd 2.8010 2.8320 US dollar 1.4290 1.4450 Local dollars to 100 units of foreign
      133 words
    • Article
      Lock icon INTERBANK RATES
      165 21 Jan 23 *i Offer Bid Overnight 1 3/8 1-month 1 1/2 2-months 1 9/16 3-months 1 5/8 Overnight mode: 1 1/4 US$ Offer 1 1/4 1 3/8 1 7/16 1 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 3.50
      165 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 21 Jan 23 ten Hji Sett STI SIMSCI Jan 365 370 366.5 Taiwan Jan 303.7 303.7 286.4 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 21 Jan 23 I Bid Offer 1-month 1.4336 1.4348 2-months 1.4316 1.433 3-months 1.4296 1.4309 6-months 1.4246 1.4261 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      152 21 jan 23 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2500 1.2513 0.8704 0.8707 Canadian dollar 1.3978 1.3995 0.9733 0.9738 Euro 2.0970 2.0986 1.4602 1.4603 NZ dollar 1.0999 1.1017 0.7659 0.7666 Sterlim ind 2.8136 2.8161 1.9592 1.9596 US dollar 1.4361 1.4371
      152 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      361 21 Jan 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar08 Jun08 Sep08 Dec08 97.100 97.650 97.750 97.715 0 0 0 0 ***** ***** ***** 6185 EUROYEN FUTURES Mar08 99.300 99.325 Jun08 99.450 99.495 Sep08 99.475 99.525 Dec08 99.445 99.505 Mar09 99.415 99.455B Jun09 99.390 99.390 Sep09
      361 words
    • Article
      Lock icon SICOM FUTURES
      286 21 Jan 23 KUbbbK 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 08 374.75 375.50 276.25 376.25 375.50 376.25 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      286 words
    • Article
      Lock icon CHICAGO BOT
      104 21 Jan 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar08 1239.50 1264.00 1255.50 1220.00 May 08 1257.00 1283.25 1273.00 1239.00 Jul 08 1270.75 1297.50 1287.00 1255.00 Aug 08 1266.50 1296.00 1280.00 1265.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 08 51.68 53.14 52.41 51.64
      104 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 21 CRUDE OIL PRODUCTS Jan 22 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 87.97 0.13 WTI (Near Mth) 89.70 1.03 Dubai (1-Mth F) 81.96 -1.54 Tapis blend 91.45 -1.9 Minas 89.7 -1.9 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 91.21 102.20 -0.30 -1.3 USS/barrel Opec Oil
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      469 21 Jan 23 AS CS_ Rmb Euro HKS Ind Rs Ri Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.894 6.296 0.596 6.796 34.417 81.793 0.927 8.295 2.858 1.136 54.344 35.875 1.251 6.185 0.955 28.212 28.846 0.444 0.871 Canada 1.118 7.041
      469 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 21 jan 23 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hii Day's [Ii Low 3-Month BQ*****Z 24.04.08 1-Year BY*****A 29.09.08 1.51 1.56 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hie Day's igh 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
      90 words
    • Article
      Lock icon PRECIOUS METALS
      136 21 Jan 23 /oz) Ian Ian Hong Kong London 855.50 887.00 856.50 888.00 Jan 21 Jan 22 867.10 892.25 867.80 892.95 Source: Reuters CAST BAR (S$) Jan 23 Buying Sellini Kilobar "44,042.27" ***** PAMP GOLD BARS (S$) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1 oz
      136 words
    • Article
      Lock icon SIBOR
      76 21 Jan 23 1 mth 3.***** 1.***** 2 mths 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
      76 words
    • Article
      Lock icon PALM OIL
      66 21 Jan 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Feb 08 3168 3100 3172 3060 486 1294 Mar 08 3180 3117 3184 3073 4623 ***** Apr 08 3180 3115 3180 3068 ***** ***** May 08 3159 3109
      66 words
    • Article
      Lock icon LONDON METALS
      71 21 Jan 22 luminium, 99.77 jrity (USS/tonne) Co Close Previou: Cash 2391.00 2365.50 3 months 2433.00 2410.00 Copper, Grade A (USS/tonne) Cash 3 months 7060.00 7020.00 6901.00 6870.00 Lead (USS/tonne) Cash 2560.00 3 months 2570.00 2497.00 2510.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash
      71 words
    • Article
      Lock icon LIFFE
      78 21 Jan 22 Close Prev Hii ih/Low Mar 08 1117 1116 1123/1098 May08 1136 1135 1140/1119 Jul 08 1164 1162 1166/1148 Sep08 1150 1148 1151/1131 COFFEE (US$/tonne) Close Pev High/Low Jan 08 2015 1955 1956/1943 Mar 08 2047 1985 2050/1971 May08 2070 2011 2072/1990 Jul 08 2084 2027 2085/2006 SUGAR
      78 words
    • Article
      Lock icon BONDS & WARRANTS
      2468 21 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left 2036AdvanceSCTLtd W*****9 14 0.5 11 1 87 66 4.36 31 #ArianeCorpLtd W*****9 1 -0.5 228 8798AscendasREITSGAECW*****3 2 1.5 3600 1 5 1 248 23 2 9092 Asia Environment W*****4
      2,468 words
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  • Page 22 Advertisements
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      3602 22 m The Business Times mmgm Shipping Times k\ mf^M VPI BCT^BfflßWti Jff^tfWtßßffil 1I WAN HAI INTERNATIONAL PTE LTD CR NO: **********0/R m ■A.'^.aaW K*l.E ll:ld!ffll^l^M>Bkaia!BlißHM RBBB lII*. TEL *****588 (14 LINES) FAX:*****163 l^l^~J WW V B^^^^iTT^^^^H STOKS BoHSSfi II \\\M llflfllN HAI INpX G»toitier Service/Bookings Direct Line (1800)*****200 l^™lAl I
      3,602 words
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  • Page 23 Advertisements
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      3441 23 I wl H IS B Vo^^^o^ WEEKLY EXPRESS SAILING SCHEDULE f1 I Ll^^^^J^H VESSEL VOY I PKL I SJN~ KHI DXB BAB I DMM BIK ~KHO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS N \^^~WW\SP\ |m| mm\iil ANNAE PCLB243 25/01 26/01 SKIP 08/02 09/02 15/02 17/02 19/02 VESSiI
      3,441 words
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      4042 24 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • BizIT
    • Article, Illustration
      Lock icon Local whitebox market set to profit from Intel
      748 25  -  ONG BOON KIAT Its new server product changes the pricing equation for small businesses, reports FOR AX Tan, managing director of Taknet, a homegrown whitebox manufacturer, Intel's announcement of a new server earlier this month was music to his ears because it
      748 words
    • Article
      Lock icon Asia poised to lead in research
      306 25  -  ONG BOON KIAT By THE centre of gravity in the world's academic research is moving eastwards. Indeed, Asia is poised to surpass the US in 2015, and overtake Europe by 2020, in terms of being a producer of scientific publications, according to Wilhelm Krull,
      306 words
    • Article
      Lock icon Dell, Microsoft to sell(Red) computers
      336 25 Reuters [SEATTLE] DeU Inc and Microsoft Corp are teaming up to release a Product Red computer that donates up to US$BO for every PC sold to buy and distribute Aidsfighting drugs in Africa. Dell will start selling three (Red) computer models two laptops and one
      ■ Reuters  -  336 words
    • Article
      Lock icon Google launches YouTube in S Korea
      257 25 ■AFP [SEOUL] You Tube, the world's most popular online video-sharing website, launched a localised service in South Korea yesterday to capitalise on the country's fast-growing us-er-created content market. Sakina Ariswala, head of You Tube's international operation, said it has secured content from local companies
      ■AFP  -  257 words
    • Article, Illustration
      Lock icon Big dividends for combating software piracy
      436 25  -  AMIT ROY CHOUDHURY Study links fall in software piracy to faster IT growth By A NEW study shows that a 10 per cent reduction of software piracy in Asia over the next four years can generate an additional 435,000 new jobs, more than US$4O
      ST FILE PHOTO  -  436 words
    • Article, Illustration
      Lock icon Virtual credit card moves into the real world
      631 26  -  WINSTON CHAI The Singapore designed MetaCard is based on Second Life's currency By AS further testament to the blurring boundaries between virtual worlds and reality, a credit card designed by two local technopreneurs for use in the fantasy realm of Second Life
      FILE PHOTO  -  631 words
    • Article
      Lock icon Internet privacy concerns cause row in Brussels
      599 26 AFP [BRUSSELS] Cyber big brothers or friendly providers of targeted information? Members ofthe European Parliament (MEPs) have found themselves at odds with Internet giants such as Google on the thorny issue of online cyGoogle criticised MEPs and rights advocates this week for seeking
      AFP  -  599 words
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      319 25 I 1 ExßcOt Personal Disaster Recovery Appliance Relax Self-service system r c 1 recovery with a single reboot! Key Features J <\^ Simple Full System Backup Full system backup should not be an intimidating experience for you. Express J____^ "V Backup options create a full system backup with a few
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  • Page 25 Miscellaneous
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  • PROPERTY
    • Article, Illustration
      Lock icon Asian developers rise after US cut
      798 27 Bloomberg Optimism that Fed's interest rate cuts will bolster real estate sales [HONG KONG] Sun Hung Kai Properties Ltd, Hong Kong's biggest builder, and Capita Land Ltd, Singapore's largest, led gains in Asian property stocks on optimism that the US Federal Reserve's interest rate
      – Bloomberg; AP  -  798 words
    • Article
      Lock icon Dutch office property a safe haven: Savills
      164 27 Reuters [LONDON] Prime Dutch office properties could provide a safe haven for those who want to invest in real estate but sidestep falling values in Britain's embattled market, research published yesterday by property services group Savills showed. After a period of uncertain occupier
      – Reuters  -  164 words
    • Article
      Lock icon S'pore developers seen posting sterling results
      636 29 Reuters But market turmoil, govts' moves to curb inflation cloud this year's prospects [SINGAPORE] Singapore's top three property developers are expected to report a sterling year of results, benefiting from a boom in Asia, but market turmoil and government intervention to curb house inflation
      – Reuters  -  636 words
    • Article
      Lock icon Pacific Star launches Bangkok project here
      247 29 [SINGAPORE] Singapore-based Pacific Star Group yesterday said that its first freehold residential-cum-retail development in Thonglor, Bangkok's up-and-coming shopping and entertainment street, would be launched in Singapore this weekend. The group said in a press statement that a select number of residential units in the
      247 words
    • Article
      Lock icon West Coast sea-facing condo site launched
      587 30  -  > KALPANA RASHIWALA URA site likely to attract top bids of $260 to $400 psf ppr, say analysts By THE Urban Redevelopment Authority (URA) yesterday launched the tender for a 99-year-leasehold condo site next to Blue Horizon condo facing West Coast Park and overlooking
      587 words
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      80 27 xxp. £r Famous THE BUSINESS TIMES :FRIDAY, JANUARY 25, 2008 A 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 Facilities Necessary
      80 words
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      Lock icon Page 27 Advertisements Column 2
      176 27 For Sale Prime Industrial Building At Alexandra Terrace 6 Storey Building Land Area 13,601 sq ft (approx) Gross Floor Area: 30,475 sq ft (approx) Tenure Freehold Near future circle line MRT Sold with vacant possession www.savills.com.sg For Sale Prime Industrial Land At Pasir Panjang Road Land Area 34,787 sq ft
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      151 28 IE-^^:;: 3tt*^Q i ■Wlfwll fc r'^fl i^ff"*v S^^iffl FPtPtH *M ,f3PByB I Jr* r,"^*^?^iJ t^TTM Btc^ :~*^*m Bill v &MmW **—?**^'&^sui}lr ns w^^** —Txjijjj^EZirß --—SI 3C38 IBjjjjjflr r ■■'--^"S/tHIH Iflijf^l &JH" jp^^Kte .^.^jfe^^^fc. •■"y^M y »Bs^ The amazing success story of Marina Bay Residences continues with the finest living in
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      250 29 King Albert Park 2 Storey •Land ***** sq ft Rectangular Lang-long frontage Can subdivide without tearing existing house Good House number »$28.5 million email ricklee_xilong@yahoo.com ERA Realty Network Pte Ltd jobs I cars property shops ST U I tke vi^k-t stuff WWW.ST7OI.COM ™E r|verwalk M I Excellent Redevelopment Site Along
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      154 29 Pearlbank *M£a v^S Apartments nil: t $*s*'^-~^ y Ka fear '$mW t Be ■''4"^ .mr 0'^k m^Qmmm*Ht*~ "^**^j IBJP& 'JkEu* fes?!? r HnaUVri 7 m l—^o rV Ka* '-v^**^ N Et la *fl?^ k*^"a«* r aV H:4 B^E *fi£rSl £J&)i fei !!J !si! *fl B^3 m mm m m m_________\
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      298 29 Residential Redevelopment Sites Auction Sale on Wednesday, 30 January SubieCti 8 EAST COAST RD S S Übject UOYANGAVE 4| .Site* I I Site 3 S 1 MARINE PARADE RD SubjeCtV S Id Site \>° MANDAIRD ECP oP pERCHM^ Meng Suan Rd Siglap Rd Toh Crescent (Off Upper Thomson Rd) Corner
      298 words
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      1252 30 a Tanbng s katQhg CH IJ Land Area: 213,673.8 sq. ft. -y Wt '\W I GFAs 60^,601 sq. ft. UiOV^ 6. Prime Freehold Residential Site I 6°~' T-f| 2 Entrances Via ECP JkF^^ W?^ Marins H Near Parkway Parade and *m SITE v;. W^ p ara( !e Central < oj)
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