The Business Times, 1 February 2008

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Microfilm: NL28831
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Friday, February 1,2008
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  • Article
    Lock icon Annuity scheme gets a facelift
    763 1  -  CHUANG PECK MING Panel suggests more flexible payouts; refunds in case of early death By [SINGAPORE] The National Longevity Insurance Committee has come up with a scheme that addresses the two main concerns that were raised when the government first mooted a national annuity plan
    763 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.75 INDONESIA 15.710 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 6.00 CANADA 5.75 SWITZERLAND 4.08 INDIA 12.75 Source: Bloomberg
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      47 1 Thursday Change KLCOMP 1,393.25 +9.17 NIKKEI 225 13,592.47 +247.44 HANG SENG 23,455.74 -197.95 SET INDEX 784.23 +20.75 JAKARTA COMP 2,627.25 +16.89 MANILA COMP 3,266.00 +9.47 SEOUL COMP 1,624.68 +35.62 SHENZHEN B 638.78 +10.99 MUMBAI IND 17,648.71 -109.93 11AM EDT Change 12,408.85 -33.98 DOW NASDAQ 2,339.71 -9.29
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    • Article
      Lock icon FOREX
      42 1 USS SS US$ (S$ per US$) 1.417 (USS/SS ier 1.988 2.816 EURO(US$/S$/E) 1.485 2.104 YEN 106.70 75.30 RM 3.236 2.284 HK$ 7.799 5.505 BAHT 33.02 23.31 RUPIAH 9,268 6,542 RENMINBI 7.183 5.070 INDIAN RUPEE 39.39 27.81 1.121 0.792 NZ$ 1.274 0.900
      42 words
  • Article, Illustration
    Lock icon Another crisis looms as US bond insurers hit a wall
    576 1 Bloomberg, Reuters Downgrades cast doubts on ratings of securities worth hundreds of billions [NEW YORK] US bond insurers are suffering blow after body blow. On Thursday, MBIA Inc, the world's largest bond insurer, posted its biggest-ever quarterly loss and said
    Bloomberg, Reuters  -  576 words
  • Article
    Lock icon Get a free cup of coffee – with Pulses
    153 1 Get a free cup of coffee with Pulses THE February issue of Pulses is already out and it comes with a free medium-sized latte or Spin if you buy your copy of the investment magazine at any Spinelli's outlet. Read about the airline pilot who flies high in the stock
    153 words
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      24 1 8 *****1 *****4 STAYING BELOW THE RADAR ST Engineering CEO Tan Pheng Hock on making acquisitions and avoiding controversy in The Raffles Conversation tomorrow
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      37 1 i 9 WM m w L v > 1 •■:<■ '>..;-. jtta ataa> 4 LaaaLJ_l ysaw*w* i^aaal laaaaV ..'■;'^H .*__P w^ nana '•yMM umWW'':' 1 WZm') -^jBH _____PaßßaP__ia*'^saßß_! jjjf*-' ■''^-'•^SB-i?'-'"-''' t^ n^a-, Chopard Boutique, Ngee Ann City, Tel: 6733 8111
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      39 1 EXEC j± OPINION WM SWEENEY TODD LAND TRANSPORT LIFESTYLE MtS^k Remembering More kohl-lined REFORMS Ratting on M W Suharto L and more sinister Lower ARF won't mean geomancers page 32 page 21 "M page 31 cheaper cars page 2
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  • TOP STORIES
    • Article
      Lock icon US consumer spending up just 0.2% in Dec
      395 2 -AP LATEST US DATA Jobless claims last week hit highest level since Oct 2005 [WASHINGTON] US consumers, battered by harsh economic crosswinds, spent less in December than at any time in the past 15 months. The Commerce Department reported yesterday that spending
      -AP  -  395 words
    • Article
      Lock icon Lower ARF won't mean cheaper cars
      892 2  -  YEN SREENIVASAN Rise in COE premiums may offset tax cuts, say industry players By [SINGAPORE] If you are holding out for lower car prices, now that the government has confirmed a 10 per cent reduction in Additional Registration Fees, you may be disappointed. So
      892 words
    • Article
      Lock icon Fed rate cuts send a clear avert-crisis message to market
      767 2  -  ANDREW MARKS Economists say its willingness to keep cutting will minimise speculation By in New York WEDNESDAY'S announcement of a 50-basis-point cut in short term rates by the US central bank in addition to its 75-basis-point cut at an emergency
      767 words
    • Article
      Lock icon The Fed statement
      280 2 Reuters [WASHINGTON] The following is the full text of the Federal Open Market Committee statement issued on Wednesday following a two-day meeting on interest rate policy: "The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3
      – Reuters  -  280 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Jobs grow, but will productivity suffer?
        114 2 THE economy may have slowed down but the jobs creation machinery was still cranking overtime to produce a near-record number of jobs in the final quarter last year, pushing the unemployment rate down to a decade-low of 1.6 per cent. "The main surprise was
        114 words
      • Article
        Lock icon $112.8b wiped off market cap in Jan
        69 2 THE Singapore stock market has just suffered its biggest monthly fall since March 2001, with overall capitalisation sliding 14 per cent. The exchange's market cap fell to $685.03 billion in January from $797.81 billion in December 2007. The market, with others elsewhere, roiled
        69 words
      • Article
        Lock icon F&N on lookout for investment opportunities
        50 2 WHILE the current stockmarket turmoil and high prices of raw materials are sources of concern, they also provide opportunities for investment, and Fraser Neave is on the lookout for such opportunities, the company's new chairman Lee Hsien Yang said yesterday. COMPANY NEWS, PAGE 10
        50 words
      • Article
        Lock icon Hour Glass Q3 profit up 58% at $8.2m
        88 2 THANKS to festive spending, net profit at luxury watch retailer The Hour Glass jumped 58 per cent to $8.2 million for the third quarter ended Dec 31, 2007. Sales rose 22 per cent to $132.24 million. For the first nine months of
        88 words
      • Article
        Lock icon Bernanke's age of dissent keeps rolling on
        85 2 THE cavalcade of official dissents against Federal Reserve interest rate decisions rolls on, a trend some analysts feel undermines the bank's ability to gain traction with its policy shifts. Dallas Federal Reserve Bank president Richard Fisher dissented from Wednesday's decision to lower benchmark
        85 words
      • Article
        Lock icon Indonesian minister says Temasek ruling 'not right'
        64 2 INDONESIA'S State Enterprises Minister Sofyan Djalii said yesterday that a ruling that charged Temasek Holdings of using investments in the nation's two biggest mobile-phone companies to fix tariffs "isn't right". "The ruling says Telkomsel, as the biggest operator, must cut tariff. If Telkomsel
        64 words
      • Article
        Lock icon China probes firm in tainted dumpling scandal
        42 2 CHINA yesterday said it was investigating a company, Tianyang Food Processing, whose insecticide-tainted frozen dumplings sickened 10 people in Japan, in the latest crisis to rock China's scandal-hit food export business. GREATER CHINA, PAGE 15
        42 words
      • Article
        Lock icon India caps foreign stake in commodity exchanges at 5%
        72 2 GOLDMAN Sachs and Fidelity International will need to reduce their holdings in India's commodity exchanges after the government dropped plans to allow overseas investors to own larger stakes. Foreign ownership will be capped at 5 per cent for a single investor,
        72 words
    • Article
      Lock icon Jobs grow, but will productivity suffer?
      599 4  -  CHUANG PECK MING Unemployment rate falls to 1.6%, a decade-low By SINGAPORE] The economy nay have slowed down but ;he jobs creation machin3ry was still cranking over;ime to produce a near--ecord number of jobs in ;he final quarter last year, oushing the unemployment rate
      599 words
    • Article, Illustration
      Lock icon Manufacturing, services less upbeat over next 6 months
      731 4  -  MATTHEW PHAN Caution fuelled by export slide, worries over US economy By [SINGAPORE] Business expectations sank in the final quarter of last year, with far fewer firms expecting good times in the first half of this year, government surveys show. A net
      731 words
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      182 3 r^| What do you: choose to reveal to others? Connecting People I :^:^'i^^^^k s^»*w w^^^^ Nokia 8800 Sapphire Arte Nokia 8800 Arte Nokia 8800 Sapphire Arte^^^^ A rich heritage of design in an all-new realm. Minimalist synthesis of steel and glass. Sensorial features that respond to your mere touch and
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      1973 4 mm w «r NEOCORP INTERNATIONAL LTD. (IN JUDICIAL MANAGEMENT) Incorporated in the Republic of Singapore (Company Registration No.: *****2648H) NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting ("EGM") of Neocorp International Ltd. (In Judicial Management) (the "Company") will be held at Singapore Management University,
      1,973 words
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      176 4 GLOBAI~ EPURREMEtJ" RROG"Ar/l I SPH The Sunday Times 20 Aug 2006 Fm^\ Although we have NO Prior Experience, this powerful program I£■ enables us to earn 10 times than before. We are earning 5530,000 fi monthly now. EARNING $10,000 monthly is EASY for Anyone with no prior experience. Vivienne/PollyTel: 9850
      176 words
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      94 5 I B 1 .V1:"'! 881- <'H '"^'"'i'fll II SM V.;.-: /"-\H ;"."-JSI v ■-r^M ■■';■'£f* -'■B 3b i/iTsfl Kuil' ■■-T^B T5 -:/i^^^^B s?Hitfflc^"v'i:/^^^£^^^l '-*fF i^,'.^^^^K mmf j^qß fck"' Jj^K M M U' I 'HflfTllLTOn THE AMERICAN BRAND SINCE 1892 IJ^^^^Bl Limited edition to 366 pieces 1A7711/I ACTED Split-second automatic chronograph
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  • COMPANY NEWS
    • Article
      Lock icon $112b wiped off market cap in Jan
      608 6  -  ARTHUR SIM Only five of the top 50 companies ended the month in positive territory By THE Singapore stock market has just suffered its biggest monthly fall since March 2001, with overall capitalisation sliding 14 per cent. The exchange's market cap suffered a
      608 words
    • Article
      Lock icon Property-related loans still growing
      419 6  -  CHOW PENN NEE By LOCAL bank lending related to property shows no sign of abating despite an impending US recession and associated slowdown of the Singapore economy. Total property-related loans, which include housing loans and lending to building and construction businesses, was 3.2 per cent higher
      419 words
    • Article
      Lock icon A 'boss', a 'briefing'-and a lost opportunity
      887 6  - A 'boss', a 'briefing'and a lost opportunity YEN SREENIVASAN IT IS bad enough when powerful bureaucrats clash on critical policy issues behind closed doors; it is even worse when this infighting causes collateral damage to foreign investors. Whether this is what happened to Singapore Airlines in the China Eastern Airlines
      887 words
    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (Jan 31,2008)
      263 6 MATURITY YEAR RAISED DATE COUPON RATE (%p.a.) AMOUNT ($m) INTEREST PAYMENT DATES OF DAYS OF ACCRUED INTEREST PRICES* (EXCLUDING ACCRUED INTEREST) I REDEMPTION YIELD (%p.a.) ISIN CODE 11.04.2008 N*****0S 2003 1 1/2 3800.00 1/10 1/4 122 100.00 1.49 SG********** 11.07.2008 NX*****H
      263 words
    • Article
      Lock icon F&N looking for new investments
      571 10  -  CONRAD RAJ Market turbulence can throw up opportunities for bargains: Hsien Yang By WHILE the current stockmarket turmoil and high prices of raw materials are sources of concern, they also provide opportunities for investment, and Fraser Neave is on the lookout for such opportunities, the
      571 words
    • Article
      Lock icon STATS ChipPAC Q4 net jumps 46% to US$4l.3m
      382 10  -  WINSTON CHAI By SEMICONDUCTOR testing and packaging firm STATS ChipPAC recorded a 46.2 per cent jump in net profit for the fourth quarter of 2007 on the back of strong demand for its services. Net income for the period rose to US$4l.3
      382 words
    • Article
      Lock icon KepCorp posts record earnings
      706 10  -  CONRAD RAJ By KEPPEL Corporation, the world's largest builder of offshore oil rigs, yesterday announced another set of record breaking earnings for both the fourth quarter and the full year ended Dec 31,2007. For the fourth quarter, net earnings shot up 46 per cent to $268
      706 words
    • Article, Illustration
      Lock icon Hour Glass Q3 profit up 58% at $8.2m
      502 10  -  LYNETTE KHOO By THANKS to festive spending, net profit at luxury watch retailer The Hour Glass jumped 58 per cent to $8.2 million for the third quarter ended Dec 31, 2007. Sales rose 22 per cent to $132.24 million. For the first
      FILE PHOTO  -  502 words
    • Article, Illustration
      Lock icon CapitaLand backs Youth Olympics bid in big way
      254 11 CAPITALAND Ltd officially pledged its support for Singapore's bid to host the 2010 Youth Olympic Games yesterday with the launch of a TV advertisement campaign and an Olym-pic-themed Graffiti Art competition. The TV campaign from Jan 31 to Feb 20 will feature
      ARTHUR LEE  -  254 words
    • Article
      Lock icon Petrobras leases 36% of Chemoil's terminal
      360 11  -  RONNIE LIM Official opening of Helios Terminal has been rescheduled for Feb 28 By MARINE fuel supplier Chemoil Energy yesterday announced a "Brazilian connection" at its recently opened US$l22 million Helios Terminal on Jurong Island, with Brazil's largest energy company Petrobras leasing over one-third
      360 words
    • COMPANY BRIEFS
      • Article
        Lock icon Fragrance Group profit doubles
        55 11 FRAGRANCE Group has reported a turnover of $136.12 million for FY2007, an increase of 39.2 per cent. It attributed this to its property development sector which contributed $112.49 million. Its hotel sector contributed $23.63 million of the total consolidated turnover. Net profit more than doubled from
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      • Article
        Lock icon Azeus warns of earnings fall
        49 11 AZEUS Systems expects to remain profitable for the year ending March 31, but sees substantially lower profits compared with FY2007. It said gross margin did not recover as much as expected due to more intensive price competition in the Hong Kong public sector market.
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      56 6 ZAP BID CONGRATULATIONS! CYCLE CARRIAGE U T /\DC I V FIRST CLASS FOB C*R« MA IVWJ I IJKb^ Congratulations to the Highest Bidder: Mr. Ernest Tan Yee Tit (NRIC: SXXXXBBOC) Proud Owner of a Brand New Kia Picanto! Keep on ZAPPING! You May Be The Next Winning Bidder! Zap Code
      56 words
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      Lock icon Page 6 Advertisements Column 2
      103 6 5)5^ =pk= I Want the best Price? A^S^ !i^n itfl Tf ipri J^^ -"OfH i^aA^*'^'*' -a*^ BUY/SELL ld aTI auctl'on■Hl9 ROLEX/PATEK PHILIPPE/ BREGUET/PIAGET Jm^ APVACHERON/IWC/JAEGER/OMEGA I?lC€S¥^ Call 1800 289 8822 or #01-45 A Peninsular Plaza 6334 0155 ttM^M email notlces@sph.com.sg f^l^'i #02-90K People's Park Complex 6327 4628 &T&95 "r The
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      128 7 Now when you're booking the J O best hotel in Singapore, you have to think twice. From the Ist of February the Negara on Claymore becomes our second hotel in Singapore the Pan Pacific Orchard, situated just a short walk away from the prime shopping locale of Orchard Road. So
      128 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index loses grip on 3,000 mark
      613 8  -  R SIVANITHY Bloomberg STOCKS Index hits a high of 3,036 before ending at 2,981, as Hong Kong calls the shots THE US Federal Reserve's Open Market Committee meeting on Wednesday was one of the most widely anticipated in recent memory. But instead of
      : Bloomberg  -  613 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      83 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 114 0 0 0 11 lanufacturing 52 89 51 14 59 98 65 Commerce 17 30 20 22 34 "pt/Stor/Comms 12 23 13 24 :inance 11 11 Construction 10 18 >roi lerties 15 22 15
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 26,968 26,968 146,844 146,844 lanufacturing 335,879 37,856 373,735 311,094 4,929 316,022 Commerce 103,857 3,426 107,283 90,125 551 90,676 ■pt/Stor/Comms 141,043 95 141,138 377,854 29 377,883 :inance 64,856 64,857 709,657 709,658 Construction 47,485 29,262 76,747 15,096 1,707 16,803 ■roperties 108,916
      116 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 8 lapitaLand 5.900 -0.090 :apitaMall 2.960 +0.050 jtyDev 11.300 -0.260 losco Corp 4.450 -0.060 IBS Grp 17.380 -0.320 :&N 4.800 +0.070 Sent Intl 0.610 -0.005 IK Land 4.700 +0.100 ISH 14.500 -0.200 lardine C&C 19.500 -0.200 leppel Corp 11.320 -0.060 leppel Land 6.220 -0.080 IOL 3.190 +0.080
      106 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      875 8  -  UMA SHANKARI Transport Sector DBS Group Research, Jan 31 LAND Transport Review: Over the last two weeks and over three speeches, Raymond Lim, Minister for Transport and Second Minister for Foreign Affairs, reviewed Singapore's land transport development over the last 10 years and also outlined a new roadmap
      875 words
    • Article, Illustration
      Lock icon Dollar trims losses after fresh lows
      551 8  -  LARRY WEE Reuters CURRENCIES THE US central bank trimmed its short-term interest rates by half a per cent on Wednesday evening but, because it had been so widely expected, Wall Street did not benefit. On the currency front, however, the US dollar plunged to
      Reuters  -  551 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      50 8 CLOSE -771.00 -203.0 BT OB/OS BT CADI -*****.00 -104.0 BT 10-day MA -*****.00 -77.00 FTSE ST Mid Cap 764.12 +5.25 FTSE ST Small Cap 661.88 -4.09 FTSE ST All Share 766.75 -2.73 FTSE ST China 541.51 -9.82 SIMSCI 364.84 -1.63 SIMSCI Futures 361.20 -4.20 PrimePartnersCI 176.90 -1.74
      50 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME China Honqxinq 42,122,000 Yanqzijianq 38,579,000 JiutianC 37,755,000 Sing Tel 35,261,000 STXPOKWIOO 33,842,000 *Star Cruises 28,929,000 JES 22,830,000 Memstar 20,184,000 DBS MBL eCWOBO6O6 19,340,000 Jade Tech 19,275,000 VALUE(S) DBS Grp 281,859,025 UOB 163,492,486 SGX 162,019,410 Sing Tel 128,291,210 Capita Land 102,696,560 Keppel Corp 97,309,880 OCBC Bk 87,814,610
      58 words
    • Article
      Lock icon RISES
      103 8 BY CENTS CLOSE UP 1540 40.0 2.7 OUE MOIL 199 22.7 8.7 Olam 259 22.0 9.3 SPC 630 20.0 3.3 STXPOKW100 244 17.0 7.5 HK Land 470 14.2 2.2 NATSTEEL Ltd 145 12.0 9.0 Win. Tai 230 12.0 5.5 TPV 88 11.0 14.3 Courts 53 10.0 23.3 BY PERCENTAGE
      103 words
    • Article
      Lock icon FALLS
      116 8 BY CENTS CLOSE DOWN Wilmar MEReCW/*****8 25 -42.5 -63.0 SGX 960 -35.0 -3.5 DBS Gri 1738 -32.0 -1.8 SIA 200 1526 -32.0 -2.1 Dain irm 432 -28.3 -4.4 JSH 1450 -28.3 -1.4 At 1130 -26.0 -2.2 China H 10US$ 1616 -24.1 -1.0 Jardine C&C 1950 -20.0 -1.0 Venture Con
      116 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      83 8 Jan 31 CHNG CLOSE FRJan30 YR 2008/07 S$ LOW S$ HIGH USS 1.4167 0.20 1.5479 1.4165® Euro 2.1022 -0.20 2.1639 1.9913 Pounds 2.8150 0.38 3.1194 2.7855 AS 1.2610 -0.17 1.3555 1.1741 Yen* 1.3305 -0.07 1.3821 1.2285 Rill liah* 0.***** -0.23 0.***** 0.***** Baht* 4.2891 0.17 4.5700
      83 words
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      2040 9 1 1& '.1 '*H I Corporation I Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) FULL YEAR 2007 FINANCIAL STATEMENT DIVIDEND ANNOUNCEMENT I 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2007 respect of the financial year ended 31 December 2007 for approval by
      2,040 words
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      126 10 M iWiMfevs«f'?/Nm* v can a high performance f^J look I il4~iU!SßlU^^fol\JT^l *T' IgiVlllWLß CAR EE GREEN? jf^M^ Si IHHPWV T^V^B*9^?M^VSA\^^ 9,< fl UC*V*TI iP^I HECHECXOUTONEOFTHE y^^^ta^i WDS-Hui sA m ■^^^^mggA^KW^pF'}* 4 S'JProPT RACES OOMIHO I j^B -Mhaui.l both ff"^^^i BaUpMil tJ Is show highlights s CAR DECALS 1 wIRMESSW a
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      45 11 ItJ.lMU'iJJtnfffiTffßWl Required in Singapore For the world's largest and most respected independent Offshore Financial Advisory firm. You must have at least five years Management experience in the Financial I Services Industry. Interested then please in the first instance forward your curriculum vitae to info.sg ia-int.com
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      428 11 ■HSJIHwIRWH If you are facing any of the following: Slow network or Internet access in your office Concern over the confidentiality and integrity of your data Failure to send/receive emails from important contacts Loss of productivity as a result of virus or spam attacks Uncertainty on security when transacting over
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  • SINGAPORE NEWS
    • Article
      Lock icon JTC ready-built facilities' take-up hits record
      357 12  -  UMA SHANKARI By AS A result of strong economic growth and a buoyant industrial space market in 2007, Singapore's biggest industrial landlord JTC yesterday said that net take-up for its ready-built facilities reached a new record high of 214,700 sqmin 2007. This surpasses the
      357 words
    • Article, Illustration
      Lock icon Three new pacts inked to boost Singapore-Qatar links
      416 12 Spring and Qatari Businessmen Association agree to help smaller firms work closer together By OH BOON PING in Doha, Qatar SENIOR Minister Goh Chok Tong's latest visit to Qatar saw three agreements signed between Singapore organisations and their Qatari counterparts, including stakes
      DESMOND UM/STRAITS TIMES  -  416 words
    • Article
      Lock icon 1 st transitional office block ready in Sept
      284 12  -  UMA SHANKARI By BY September, Singapore's first transitional office building will be ready for its tenant, Prudential Assurance Company Singapore, said the project's developer yesterday. Kop Capital, which is jointly developing the upcoming Scotts Spazio with partners Hwa Hong Group and Dubai
      284 words
    • Article
      Lock icon Firms urged to forge Qatari partnerships
      408 12  -  OH BOON PING Opportunities abound in Asia and the Middle East By SENIOR Minister Goh Chok Tong encouraged Singapore businesses to forge partnerships with Qatari firms to jointly explore opportunities in both Asia and the Middle East. Speaking at the inaugural Qatar-Singapore Business Forum
      408 words
    • Article
      Lock icon Sino-S'pore eco-city project starts with planning KPIs
      406 12  -  LYNETTE KHOO By THE Sino-Singapore Tianjin Eco-City project got off to a good start yesterday as the committee overseeing the development met for the first time, hammering out key performance indicators (KPIs) to guide the planning of the project. The KPIs emphasised preserving
      406 words
    • Article, Illustration
      Lock icon New NUS project to be inspired by Oxford, Cambridge
      408 12  -  CHEW XIANG By TWO of the world's oldest universities, Oxford and Cambridge, will inspire the future development of the National University of Singapore's new University Town development. Prime Minister Lee Hsien Loong said that having a college system like the ones
      408 words
    • Article
      Lock icon Major MICE players set up base in S'pore
      305 12 SINGAPORE looks set to further tap the multi-billion dollar MICE market with three major MICE players setting up base here. Association management companies Kellen Company and Kenes International, as well as German exhibition and convention company Leipziger Messe International have chosen to
      305 words
    • Article
      Lock icon NRF gives US$15m to 10 scientists
      287 12 By THE National Research Foundation (NRF) has awarded a total of up to USsls million in funding support to 10 scientists, under the inaugural NRF Research Fellowship programme. With each of the researchers receiving up to USsl.s million, the award represents one of the
      287 words
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  • ECONOMY WATCH
    • Article
      Lock icon Bernanke's age of dissent keeps rolling on
      599 13 Reuters Some feel this erodes Fed's ability to gain traction with its policy shifts [CHICAGO] The cavalcade of official dissents against Federal Reserve interest rate decisions rolls on, a trend some analysts feel undermines the bank's ability to gain traction with its policy
      Reuters  -  599 words
    • Article, Illustration
      Lock icon US Senate's rival rescue plan gains traction
      646 13 -LAT-WP USsl93b Bill offers lower rebates but more will get them [WASHINGTON] An alternative economic stimulus package picked up momentum in the Senate on Wednesday with new Republican support, potentially complicating the bid to pass legislation quickly to pump billions of dollars into
      -LAT-WP; AP  -  646 words
    • Article, Illustration
      Lock icon Japanese govt yet to decide on next BOJ chief
      442 13 -Reuters [TOKYO] Japan's government has not decided on a nominee to replace outgoing Bank of Japan Governor Toshihiko Fukui, the top government spokesman said yesterday, denying a report that it had settled on Deputy Governor Toshiro Muto. "We have not started
      -Reuters; BLOOMBERG  -  442 words
    • Article
      Lock icon India grows 9.6% in FYO7 at fastest pace since '89
      301 13 Bloomberg [NEW DELHI] India's economy expanded 9.6 per cent last fiscal year, the fastest pace since 1989, as rising incomes spurred demand for cars, mobile phones and motorbikes. The growth rate for the year that ended March 31, 2007, was
      ■ Bloomberg  -  301 words
    • Article
      Lock icon BURSA MALAYSIA
      2274 13 Ian 31 RM C000) ASM Realty 0.71 \bric Bhd 0.22 advance Synergy 0.18 Adventa Bhd 1.39 AeMuIti Hldgs 0.28 Win Holdings 2.34 Ahmad Zaki Resou 1.43 Aic Corp 0.68 \irasia Bhd 1.63 Akn Technology 0.63 alliance Financi 2.91 aluminium Co 1.15 Amalgamated Ind 0.48 Grp ...unch tamb HldgsBhd
      2,274 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Temasek ruling 'not right', says minister
      457 14 J. Bloomberg Smaller rivals would go out of business if Telkomsel cuts tariffs: Sofyan Djalil [JAKARTA] Indonesia's State Enterprises Minister Sofyan Djalil said yesterday that a ruling that charged Temasek Holdings of using investments in the nation's two biggest mobile-phone companies to fix tariffs
      J. — Bloomberg  -  457 words
    • Article
      Lock icon Perwaja Steel plans to raise up to RM5OOm from IPO, will list on Bursa main board
      493 14 [KUALA LUMPUR] Perwaja Steel Sdn Bhd, Malaysia's second biggest steel miller by capacity, plans to raise funds from an initial public offering (IPO) and list its shares on the main board of Bursa Malaysia,
      493 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      7770 14 UNIT TRUST FUNDS ABN AMRO Asset Mat (S'pore) Star Europe Eqty!** 0.905/ Star Europe Bond 1.204/ Star Europe Bal 1.172/ Star Asian Tiger Eqty 1.407/ Star Asia Bond 1.238/ Star Asia Balanced 1.006/ Star Global Technology Fund!" 0.197/ Multi St Fd 0.907/ Star Asia Bond(USD) 0.872/ Gib Multi St USD
      7,770 words
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      60 14 X THE EXPERTISE OF many; the strength of one ''i'/yl:'/y .'■'■::'-':';':''-::Yl'*'"-J:'-'$& y 'X^y-; •'.■"■'^"^Brap^wSSs 3kHr tne core OUI '3us'ness are multiple world-class investment management .JX Jil- ■•y*'';''l'-,::}'/;''£:'': ''''^f^o^M^'''"'^^^^^^^^^i BNffi. groups Franklin, Templeton and Mutual Series each operating autonomously WM%^'''^§^^'-^::'' i^^B^'""^^^^^^^^l m and offerin S our clients their unique perspectives. FRANKLIN
      60 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Snow impact on China crops Very serious'
      510 15 AP Official: Catastrophic effect on vegetables, fruit in some areas [BEIJING] A top agriculture official warned yesterday that snow battering central China has dealt an "extremely serious" blow to winter crops, raising the likelihood of future shortages driving already surging inflation. Regions hit
      AP; BLOOMBERG  -  510 words
    • Article
      Lock icon Firm in tainted dumpling scandal probed
      407 15 ■AP.AFP Japan conducting nationwide survey of dumpling-related health problems [BEIJING] China yesterday said it was investigating a company whose insecti-cide-tainted frozen dumplings sickened 10 people in Japan, in the latest crisis to rock China's scandal-hit food export business. China's export safety watchdog said it
      ■AP.AFP  -  407 words
  • Page 15 Advertisements
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      267 15 I V WINE DINE AND HOSPITALITY I Spring into the Lunar New Year of the Rat in radiant [nilllinv >IMMi ly M y 22 magnificence at the Equinox Complex. *****11 I Gather for a feast of exquisite treasures at Equinox Restaurant's Lunar New Year Lunch Buffet. Offering an abundance of
      267 words
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  • INDIA
    • Article
      Lock icon Goldman hit by govt U-turn
      478 16 Bloomberg Overseas investors in India's commodity exchanges will be limited to 5% stakes [MUMBAI] Goldman Sachs and Fidelity International will need to reduce their lioldings in India's commodity exchanges after the govarnment dropped plans to allow overseas investors to Mil larger stakes. Foreign ownership will
      – Bloomberg  -  478 words
    • Article, Illustration
      Lock icon Tata Chemicals to buy General Chemical of US for US$1 billion
      394 16 Bloomberg [MUMBAI] Tata Chemicals Ltd has agreed to buy US-based General Chemical Industrial Products Inc for US$l billion, extending India's second-largest business group's record overseas acquisitions. Tata Chemicals will acquire the maker of soda ash from Harbinger Capital Partners,
      ■ Bloomberg  -  394 words
    • Article
      Lock icon Net disruption hits outsourcing sector
      273 16 -AFP [BANGALORE] India's vital outsourcing industry, which relies heavily on the Internet, struggled to overcome supply disruptions yesterday after damage to undersea cables in the Mediterranean. Internet connections may take up to 15 days to return to normal, businesses said, adding that telecommunications in neighbouring
      -AFP  -  273 words
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      58 16 f^£^ X\| \^J J. _I_ V^J Ck3 Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUYrT-SELL IT-FIND IT I PBPPB^iilLl^«lllililliLJl»^li^Lil.Lj)Al»lii2ZLlAl^Bilßlß^ P^PC^*J^^^^^^^B^^^^^^^^^^^^*^^^^^*^P^PJ MHBir*^Bii^jK*jL*rnT^r*jßii^^^^^^in^mßßßßßßßßßßl li^ll.^tfll^iP^^lJPiMK^Pff'fH^ HlMfli^l I IfilVJ Fa V i^H ..i. >» 'tTI'-y^yTt;jt,7;ii'M|'VA|^^7^''''^-'jl^|ii' ByffMryff^ffyy'W'yffW|| mmZ iCi9 l' >WiiiVi:i^i4fc'^B<iJ¥it]iiiiwauMK lriMh^^ B'M'TIFiiWnFT II RIH I\\ V4ii/i'iLyia>:rjffi vi niF j j^lß^i m Mjj Jjft'f *tf ilvioM.'.
      58 words
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      2 16 g NOTICES
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Stanchart backs US$7b its SlV's debt
      453 17 Reuters Move will prevent fire-sale of assets when short-term funding matures [LONDON] Standard Chartered will back an outstanding US$7 billion of debt at its structured investment vehicle (SIV) to provide it with operating flexibility, it said yesterday. It is the latest bank to step
      – Reuters  -  453 words
    • Article
      Lock icon Japanese banks' sub-prime losses continue to mount
      282 17  -  ANTHONY ROWLEY By in Tokyo THE fallout from the US sub-prime mortgage crisis continues to mount among Japanese banks. Mizuho Financial Group, the sec-ond-largest of Japan's three mega-banks, said yesterday its losses from sub-prime-related transactions grew to US$3.2 billion in the first nine
      282 words
    • Article, Illustration
      Lock icon Whitney aims at Wall Street's heart
      644 17 Reuters [BOSTON] Her job may be to analyse the banking industry, but neither Meredith Whitney's recommendations nor her personal profile could ever be described as "buttoneddown". Ms Whitney, who last fall slammed Citigroup's share price after being the first analyst to say the banking
      ■ Reuters  -  644 words
    • Article
      Lock icon S'pore holds cultural event in Manila
      580 17  -  AL LABITA By in Manila HUNDREDS of Filipinos and Singaporeans attended the "Singapore Encore" cultural spectacle in Manila on Wednesday and yesterday in what officials described as a celebration of friendship between the two Asean neighbours. Showcasing Singapore's arts, culture and cuisine, the two-day
      580 words
    • Article
      Lock icon GIC buys 9.5% stake in Manila Pepsi's IPO: report
      290 17 -Reuters [MANILA] The Government of Singapore Investment Corp (GIC) has bought a 9.5 per cent stake in the initial public offering of Pepsi-Cola Products Philippines Inc, a local newspaper reported yesterday. The Philippine STAR, quoting stockmarket sources, said GIC invested in
      -Reuters  -  290 words
    • Article, Illustration
      Lock icon BMW Group achieves record Asian sales in 2007
      652 17  -  SAMUEL EE By [SINGAPORE] More than half of the Rolls-Royce cars sold in Asia last year went to Chinese customers. China and India were the strongest growth markets in the region for the su-per-luxury brand, as well as for its parent company,
      AFP  -  652 words
    • Article
      Lock icon Dubai wants big stake in Colonial, may make full bid
      363 17 Reuters [MADRID] The Investment Corporation of Dubai (ICD) has approached Colonial about buying major stakes in the Spanish property firm, which could lead to the state-owned fund making a full takeover bid, Colonial said yesterday. In a statement, Colonial said
      Reuters  -  363 words
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  • AVIATION
    • Article, Illustration
      Lock icon MAS eyeing RM400m base profit this year
      577 18  -  PAULINE NG It targets annual profit of up to RM3 billion by fiscal year 2012 By in Kuala Lumpur BUOYED by the success of its business turnaround programme, Malaysian Airlines has set loftier profit goals for itself, planning to prove the sceptics wrong.
      FILE PHOTO -its  -  577 words
    • Article
      Lock icon Int'l air passenger traffic up 7.4% in 2007, beats previous year
      357 18  -  YEN SREENIVASAN By INTERNATIONAL air passenger traffic increased by 7.4 per cent last year, even more than the 5.9 per cent recorded for 2006, but latest monthly data suggest that the aviation industry is flying into strong headwinds. Data
      357 words
    • Article
      Lock icon Carrier to reduce seats in business class
      440 18 Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd (MAS), the nation's largest airline, plans to remove some business-class seats to make room for a bigger economy class as it takes on budget carriers. Malaysian Air will add at least 10 per cent more economy
      Bloomberg  -  440 words
  • Page 18 Advertisements
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      154 18 Swissport, the world's leading provider of ground-handling services to the aviation sector, extends its congratulations to Air Asia, Asia's leading low fare airline, following the launch of their new flight route between Singapore and Kuala Lumpur. As Air Asia's business partner in Singapore for over three years, we are delighted
      154 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Asian shippers to brave global slowdown
      803 19 Reuters [HONG KONG] Executives at Hong Kong-listed shipping firm Pacific Basin should have little reason to smile. Sliding freight rates and a global markets sell-off have helped wipe out nearly half their firm's value in three months. Yet, smashing a bottle of bubbly on
      Reuters  -  803 words
    • Article, Illustration
      Lock icon Maritime degrees for Ist grads
      312 19  -  VINCENT WEE By THE inaugural batch of students from the Bachelor of Maritime Operations programme have been awarded their degrees. Eight of the 11 students who took part in the 18-month programme graduated yesterday. The other three are overseas. The collaboration between Singapore Polytechnic's Singapore
      312 words
    • Article
      Lock icon Shipper always liable far freight charges
      833 19  -  SELVA KUMAR ADMIRALTY CASEBOOK Broker not a party to bill of lading contracts: US appeals court By A US appeals court has upheld a ruling that a retailer had to pay freight charges incurred for the shipment of its goods even though its broker
      833 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2428 19 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:
      2,428 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp Labroy Marine MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.54 0.34 4 45 0.82 2.30
        107 words
      • Article
        Lock icon KLSE
        31 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.89 9.60 9.50 3.80 2.99 0.26 unch unch 0.05 0.22 -0.01 -0.01 321 268} 128' 2481 10! i
        31 words
      • Article
        Lock icon BANGKOK
        12 19 '00 ■recious Ship Jegional Cont .26.75 .25.00 3.15 1048! 1.20 42'
        12 words
      • Article
        Lock icon HONGKONG
        11 19 '000 Doil iingamas Cont .47.00 ...2.52 2.45 0.17 164: 255i
        11 words
      • Article
        Lock icon PHILIPPINES
        20 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.60 38.00 2.40 1.82 unch unch 0.10 unch 358S 189!
        20 words
      • Article
        Lock icon TAIPEI
        22 19 Evergreen Marine ...23.80 :irst Steamship 51.80 /Van Hai Lines 22.95 r"ang Ming Marine...20.35 -0.20 3.30 0.15 -0.55 3! 1( 1) i:
        22 words
      • Article
        Lock icon TOKYO
        36 19 '000 :awasaki Hvy Ind ..267.00 4.00 1979! :awasaki Kisen ....1027.00 -12.00 1449! /litsubishi Hvy 435.00 -1.00 3010! /litsui Eng&Sbldg...352.00 7.00 156O /litsuiOsk Lines ...1294.00 -10.00 ***** lippon Express 568.00 4.00 527( lipponYusen 867.00 9.00 1308!
        36 words
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      30 19 GOOD GAINS Let your investors know by advertising your financial results in our I newspapers. Call I 1800 289 8822 I or email I notices@sph.com.sg. 3 MATS I NOTICES X
      30 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon The big questions for SocGen
      462 20 THESE days, troubled times in financial markets have spawned losses so large that they've become almost commonplace. Unhappily, in some cases, we've yet to understand how trusted guardians of depositors' funds could have allowed such enormous losses to build up unnoticed. In the troubled sub-prime
      462 words
    • Article, Illustration
      Lock icon Bond insurer woes rattle Wall Street
      1119 20  -  VIKAS BAJAJ -AP For bigger banks, trouble at the bond insurers could unleash another wave of big losses By and JULIE CRESWELL m HILE the Federal Reserve tried to soothe Wall Street's nerves on Wednesday, a hedge fund manager frayed them by warning that
      -AP; AP  -  1,119 words
    • Article, Illustration
      Lock icon Opec should up production to avoid global recession
      743 20  -  G PANICKER THE BOTTOM LINE HOPES for the US economy's ability to weather the coming downturn seem to be pinned on a US$l5O billion emergency fiscal package and the Federal Reserve Board's sharpest reduction in borrowing costs in a quarter of a
      743 words
    • Article, Illustration
      Lock icon Remembering Suharto
      1999 21  -  JAMES CASTLE For all the problems that he left behind, he left Indonesia healthier and wealthier than he found it in 1965 By GIANT has died. We A will not see his like again. Former Indonesian president Suharto proved himself to be one of the most powerful, effective
      REUTERS; AP  -  1,999 words
    • Article
      Lock icon Tighten regulations to prevent fraud
      404 21 LETTERS TO THE EDITOR I REFER to the reports that Singapore puts the onus on banks and companies to avert fraud. Since 2004, we have seen a few major frauds in Singapore. The last was in SembCorp Marine. France's Societe Generale bank announced frauds of
      404 words
    • Article
      Lock icon Tecity not privy to non-public data on STC
      160 21 I REFER to the Hock Lock Siew published in BT on Jan 30, headlined "Tough figuring what STC is worth". The last paragraph said: "Its long-term investments which are undisclosed may also be worth much more. The acquirers, which are major shareholders,
      160 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6386 22 Transaction date: Jan 31 Hi: Low Code Com| ian; Sale COOO) Hi! .aw B'u] rer Seller C'vr P/E Sinii 5716 1st Software 6,? S SB" 107 98 6389 ABF SG Bond ETF 30 13.5 1938 AEI Corp 26 7.5 1100 AEM 42 12.4 2101 APOil 141 54.5 5550
      6,386 words
    • Article
      Lock icon SGX XTRANET
      83 22 52-Wk Tel h Low Code Last Sale Vol COOP) Day ih Low Last Quote Buyer Seller Div GrYld Cvr Net MCa| P/E $mi Hii Comi Hii 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 IS S&P500
      83 words
    • Article
      Lock icon SGX CATALIST
      2030 22 Hii Low Code Comi >an' Sale COOO) Hii Low By rer Seller CVr P/E ,mil 30 11.5 1181 s AAGrp 415 18 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System 34 27 3518 s Afor 70.5 12 1524 s Alantac 22.5
      2,030 words
    • Article
      Lock icon CLOB INTERNATIONAL
      215 22 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
      215 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      26 22 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Jm °!sg JS^K 9 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676.
      26 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 23 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 30 World Index Preliminan 1025.6 -0.6 -6.8 -0.8 -9.6 -0.5 -2.2 EAFE Preliminan 992.9 -0.7 -10.4 -1.0 -9.5 -0.7 -2.: Euro[ Preliminary 1365.9 -0.6 -8.5 -0.8 -8.3 -0.5 -0.: Pacific 852.2
      363 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      134 23 As at 9am Jan 31 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2510 1.2660 Can dollar 1.4170 1.4340 Euro 2.0940 2.1180 NZ dollar 1.0960 1.1190 jterlin iund 2.8020 2.8340 US dollar 1.4120 1.4280 Local dollars to 100 units of foreign
      134 words
    • Article
      Lock icon INTERBANK RATES
      165 23 Jan 31 $S_ Offer Bid Overnight 1 1/2 1-month 1 5/8 2-months 1 5/8 3-months 1 5/8 Overnight mode: 1 13/16 US$ Offer 1 3/8 1 1/2 1 1/2 1 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 3.10
      165 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 23 Jan 31 STI SIMSCI Feb 362.7 372.7 361.2 Taiwan Feb 293 297.9 293.4 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jan 31 s: Bid Offer 1-month 1.4147 1.4152 2-months 1.4128 1.4134 3-months 1.4111 1.4117 6-months 1.4066 1.4073 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      295 23 Jan 31 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest FebO8 Mar 08 Apr 08 May 08 Jun 08 Jul/Sep 08 381.00 383.75 386.50 386.50 386.50 386.25 RSS 3 (US cents/kg) Month Hig ab Low Sett Volume (tonnes) Open
      295 words
    • Article
      Lock icon CHICAGO BOT
      102 23 Jan 30 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low MarO8 1275.75 1266.75 1277.50 1259.00 May 08 1294.00 1285.50 1295.00 1277.00 Jul 08 1307.25 1297.00 1309.00 1290.50 Aug 08 1293.00 1285.00 1294.00 1275.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low MarO8 53.46 53.42 53.57 53.10 May
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 23 CRUDE OIL PRODUCTS Jan 30 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 92.01 unch WTI (Near Mth) 92.21 0.54 Dubai (1-Mth F) 87.48 0.59 Tapis blend 97.9 0.7 Minas 94.85 0.7 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 93.90 105.84 -0.20 -1.14 US$/barrel Opec Oil
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      469 23 Jan 31 AS CS Rmb Euro HKS Ind Rs Ri Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.887 6.405 0.600 6.955 35.128 82.643 0.952 8.417 2.886 1.136 55.846 36.165 1.263 6.532 0.967 28.680 29.446 0.449 0.892 Canada 1.127 7.217
      469 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 23 Jan 31 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****S 02.05.08 1-Year BY*****A 29.09.08 1.44 1.49 1.4 1.4 1.4 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year
      92 words
    • Article
      Lock icon SIBOR
      77 23 Jan 31 (US$) (SS) 3.***** 1.***** 1 mth 2 mths 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 3.***** 1.***** 9 mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.*****
      77 words
    • Article
      Lock icon PALM OIL
      63 23 Jan 31 Delivery Month Opening Sett Av Range Price Price Hii Vol Open Done Position Low Feb OS 3211 Mar 08 3199 Apr 08 3209 May 08 3206 Total o/p: ***** contracts 3211 3230 3211 200 446 3221 3245 3198 1029 ***** 3232 3253 3198 4675 ***** 3228
      63 words
    • Article
      Lock icon PRECIOUS METALS
      135 23 Jan 31 /oz) Ian Ian Hong Kong London 918.50 917.00 919.50 918.00 Jan 29 Jan 30 926.30 921.00 927.20 921.90 Source: Reuters CAST BAR (S$) Jan 31 Buying Sellim Kilobar "45,116.55" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz
      135 words
    • Article
      Lock icon LONDON METALS
      70 23 Jan 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2601.20 2604.20 3 months 2640.00 2645.00 Copper, Grade A (US$/tonne) Cash 3 months 7150.00 7160.00 7295.00 7291.00 Lead (US$/tonne) Cash 2725.00 3 months 2730.00 2774.00 2780.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • Article
      Lock icon LIFFE
      78 23 Jan 30 COCOA (Btonne) Close Prev Hii ih/Low Mar 08 1175 1153 1179/1156 MayO8 1198 1176 1203/1180 JulO8 1225 1200 1229/1206 SepO8 1210 1188 1213/1194 COFFEE (US$/tonne) Close Pev High/Low Jan 08 2101 2057 2102/2067 Mar 08 2100 2071 2114/2062 May 08 2126 2097 2138/2091 JulO8 2144 2119 2158/2119
      78 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 23 Jan 31 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2628 1.2639 0.8915 0.8920 Canadian dollar 1.4229 1.4242 1.0045 1.0051 Euro 2.1035 2.1042 1.4850 1.4851 NZ dollar 1.1112 1.1120 0.7845 0.7848 Sterlim md 2.8154 2.8167 1.9876 1.9879
      158 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      354 23 Jan 31 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO8 JunO8 SepO8 DecO8 97.080 97.500 97.540 97.425 0 0 0 0 ***** ***** ***** 7619 EUROYEN FUTURES MarO8 99.215 99.240B JunO8 99.420 99.430B SepO8 99.440 99.465B DecO8 99.400 99.430B MarO9 99.330 99.360B JunO9 99.260 99.285B SepO9
      354 words
    • Article
      Lock icon BODS & WARRATNS
      2105 23 BODS WARRATNS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left 3747Allgreen RB ECW*****1 0.5 -1.5 300 0.5 163 2 8798Ascendas REITSGA ECW*****3 3 2 700 1 248 2 9092 Asia Environment W*****4 16 2 347 1 38 13 3.00
      2,105 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      2965 24 m The Business Times Shipping Times M W^rYl iH m\\\ WAN HAI INTERNATIONAL PTE LTD crn0:**********0/r A^^^^l U^U K^JS&3|S9jiS3 iiß^MLl^rlafjWwTjtf^fMM 1% ■■■mil ■»■•>*• TEL:*****588 (14LINES) FAX:*****163 IWV Z>~llll[Ml}~lll ■HfIHGHWHHHKSffIIB V\N I WAN HAI INpN C«l«n« Servke/Booltings Krecl Line (1800) *****200 ■jaoSßw^j&ii^ Wiijn'Bßlf'X'll'Pt'lTl'H'T'tK'JUl I V I ilHli Flnl LIMLJ raiiit«)T«.jco«iAxt«)T«-re»xiiNiiiM)Tw fax
      2,965 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      3066 25 iifl *fefc WW\ eaSTERN r CAR LINER, LTD f^ £3®3£^* I JJ, jr| j. ':^^y"'j [I it-.'^iiiWh' «sJ llHUtti^^l I VOY Romp(KT) lillinq(KI) *7ifi~ PKL PNN )KT LCB BAT DSIS!&IiI^^UB3^DSIS^y3^^U33&S!EIiD3&3SII fcX^^TßpZjpX "7^- --?feJfaJjNp!| f" j '15 f* I COSMIC MASTER 15 120 15/02 17/02 21/02 ALSO ACCEPTING TO ALL NORTHERN
      3,066 words
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  • Page 26 Advertisements
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      3074 26 i^^^^l I s MHCDCrM Tel: 6s-*****907Fax:*****917 H^d TTTrtn^^Titiiift^-inZiTrn'mTrn W-OkM Isl 13 IH ANDERSEN ta*«s««iw»i IQI GLORY NAVIGATION GROUP I M. M HP! HHM BMI I shipping company/ 70 Shenton Way, #21-03 Marina House Singapore *****8 fflv^aQ mm jjgjj mm KirtDTu \a/ect pyddpcc iikip I "(SINCE 1970' I INV"*ln VVC<" CArRMJ
      3,074 words
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      3457 27 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 SlNDestjnName Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name
      3,457 words
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  • CLIPPER ROUND THE WORLD RACE
    • Article, Illustration
      Lock icon When the wind is against you
      1247 28 It'll be a tough race to Qingdao, with the boats fighting the strong northeast monsoon blowing down from China, reports VINCENT WEE THERE is an old adage that "gentlemen never sail against the wind". While the crews going on race six of the Clipper
      ONEDITION  -  1,247 words
    • Article, Illustration
      Lock icon Life couldn't get more different
      575 28  -  VINCENT WEE By FOR Malaysian hotelier Michelle Wong, 32, taking part in the Clipper race could not be further removed from her normal daily schedule. The account manager at the Marriott in Kuala Lumpur normally spends her days and most nights dealing with rooms and
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      136 28 This series on Uniquely Singapore's adventures in the Clipper 07-08 Round the World Yacht Race is brought to you by ■n^'i'Mi THE BUSINESS TIMES Business Times journalist Vincent Wee, who did a circumnavigation on Uniquely Singapore Clipper in the 2005-2006 race and reported from onboard the boat in the first
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  • PURSUITS
    • Article, Illustration
      Lock icon Taking our place on the world stage
      815 29 MUSIC CHRISTOPHER LIM reports on the annual Midem conference in Cannes AT the start of every year, independent music labels and distributors meet in Cannes to network and discuss trends. This year's Midem short for the unwieldy Marche international de l'edition musicale ran
      815 words
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      Lock icon Weekend of classica and crossover jazz
      502 29  -  CHRISTOPHER LIM By SOME of you may remember music lessons that kiasu Singaporean parents forced on you. Well, they may have been better for you than you imagined. German pianist Joja Wendt certainly thinks so. "You're lucky in Singapore because parents still have the
      502 words
    • Article, Illustration
      Lock icon 2 worthy contenders in the Grammy race
      294 29 CD REVIEW 3ilgrimage Vlichael Brecker A/a Records/Universal Rating: A Fhe Reminder :eist 3olydor/L)niversal Rating: A By CHRISTOPHER LIM THE pen may be mightier than the sword, but this year's Grammy Awards look set to avoid the wrath of striking scribes after the Writers
      294 words
    • Article
      Lock icon Prive, Hacienda host niche music acts
      374 29  -  CHRISTOPHER LIM NIGHT OUT By IF you have a particular preference for somewhat niche party music, a larger establishment may not be able to get you to move your feet. After all, they have to cater for the most prevalent tastes. This was nicely
      374 words
    • Article, Illustration
      Lock icon A much-needed history of the SAF
      863 29 BOOK REVIEW Making Visible the Invisible: Three Decades of the Singapore Arts Festival By Venka Purushothaman National Arts Council Pages: 251 Rating: B+ By PARVATHI NAYAR WHEN the Singapore Arts Festival (SAF) celebrated its 30th anniversary in 2007, The Business Times judged it a
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  • Page 29 Miscellaneous
    • Miscellaneous
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      352 29 CRYPTIC CROSSWORD HLnu33 fj |2 I [5 I I 4 HF HF HF 1 Entire group ready (3,3) HE US MS ISJ9J 9 Make very angry when di- HH^ vorcee became separate BB BB BB 10 Pulverised parking lot on iPB P^ PH| P^ —Pl^^ 11 Lady having a socially
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  • ARTS/WINE
    • Article, Illustration
      Lock icon Showing their true colours
      1033 30 A contemporary artist uses pop culture and folk art to convey inner tension, PARVATHI NAYAR finds out V paintings cost far too much," says Chinese contemporary artist Feng Zhengjie, somewhat disarmingly. With works priced on average between US$2OO,OOO to US$3OO,OOO and a recent private sale of
      1,033 words
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      Lock icon artBEAT
      575 30  -  PARVATHI NAYAR Painterly expressions ARTIST lan Castronovo creates abstracted images that are often based on the human face or figure in his show The Poised Paintbrush. The paintings have some elements of a minimalist aesthetic, and use a carefully controlled colour palette for maximum impact. From today till April
      575 words
    • Article
      Lock icon The Cinderella of white wines
      623 30  -  N X YONG By MENTION Alsace wines and the mental image conjured up is a German Riesling-type bottle with a label which sports Germanic names written in Gothic script. One could be pardoned for thinking that Alsace wines are like German wines. Wrong. You could
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  • Page 30 Advertisements
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      105 30 Done Deal? Deal Done. 50 Often, the difference between clinching or losing a deal is not determined by how well you can entertain your clients, but by staying clear and alert enough during dinner and entertainment Al to seize the right moment to close the deal. .^fl Bk Pepp empowers
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  • COVER STORY/CINEMA
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      Lock icon Musical soaked with blood and rage
      568 31 Sweeney Todd hits all the right notes, says PARVATHI NAYAR A BLOOD-SOAKED musical about cannibalism and serial murder sounds more like a shocking miscalculation than a shockingly good idea for a movie. However Sweeney Todd: The Demon Barber of Fleet Street is proof that
      568 words
    • Article, Illustration
      Lock icon Performances you will long remember
      478 31  -  GEOFFREY EU By AN innocuous-looking early scene in Away From Her begins by focusing on a white-haired couple in their kitchen, seemingly at ease and silently doing the dishes after a home-cooked meal. All is not what it appears to be, however, because a few
      AP  -  478 words
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      Lock icon A powerfully honest and engrossing film
      381 31  -  PARVATHI NAYAR DVD REVIEW By THE small group of student activists who called themselves the White Rose in Nazi Germany is applauded today, and rightly so, for their heroism in speaking out against the murderous regime under whose shadow they lived. The high price
      381 words
    • Article, Illustration
      Lock icon A pastiche lacking imaginative leaps
      528 31  -  PARVATHI NAYAR By THE brightly-coloured kite, the long thread by which it flies, the spool that anchors it to the ground if the three components of kiteflying seem visually uneven, the same goes for the tripartite structure of The Kite Runner, based on the bestseller
      AP  -  528 words
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  • executive lifestyle
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      Lock icon Ratting on geomancers
      1333 32 Those eager to get geomancers' predictions for the new year would be scrabbling about now to find out what the Year of the Rat holds. But how is the geomancy business itself faring? CHEAH UI-HOON takes a look VICTORIA Ang, 31, who runs Capita, a boutique staffing
      RAT DESIGN BY TAN TAN BOUTIQUE  -  1,333 words
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