The Business Times, 11 February 2008

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Total Pages: 30
1 30 The Business Times
  • 24 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg •W* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Monday, February 11,2008
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  • 952 1  -  CHUANG PECK MING Hourly wage cost rise for production staff in 2006 was second highest among 33 locations in US study By [SINGAPORE] A shortage of talent is still the biggest headache for businesses in Singapore, but sharp pay hikes in recent years on top of
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  • 683 1  -  ANTHONY ROWLEY Leading banks to present first audited accounts since crisis 3y. in Tokyo THIS week will be critical in revealing how much damage the credit crisis has done to the global financial system, according to a key official involved in last
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  • MARKETS DIGEST
    • 51 1 Weekly 2,931.97 lange -75.83 IT Index 1COMP 1,415.94 +22.69 IIKKEI225 13,017.24 -479.92 IANG SENG 23,469.46 -654.12 ;et index 806.44 -4.42 IAKARTACOMP 2,639.09 -7.73 IANILACOMP 3,241.13 -52.95 ;eoulcomp 1,696.57 +62.04 ;henzhenb 674.00 +33.55 IUMBAI IND 17,464.89 -777.69 )OW 12,182.13 -561.06 IAS DAI 2,304.85 -108.51 ;&P 500 1,331.29 -64.13 TSE 5,784.00
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    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.75 INDONESIA 15.605 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 6.00 CANADA 5.75 SWITZERLAND 4.22 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • 41 1 US$ (S$ per US$) 1.419 (US$/S$ >er£) 1.965 2.788 EURO(US$/S$/E) 1.464 2.078 YEN 106.60 75.10 RM 3.230 2.276 HK$ 7.798 5.496 BAHT 32.90 23.19 RUPIAH 9,236 6,509 RENMINBI 7.190 5.067 INDIAN RUPEE 39.55 27.87 A$ 1.116 0.787 NZ$ 1.280 0.902
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  • Page 1 Advertisements
    • 3 1 8 *****1 *****4
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  • Page 1 Miscellaneous
    • 45 1 pMBizlT COMMENTARY DINING OUT Ml *V/\J|V\ Creative Tech looks Should the local market Philips Spore CEO: 3j^ J I|l Who's backing -m to new markets have circuit breakers? The hotter the better^ft^; \J the bid page 11 V PAGE 30 PAGE 7 PAGE 13 EfflCESaH^liail
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    • 25 1 Budget wish list Chief executives I ist A the initiatives they W J*\ would like to see in --r^l Friday's Budget s(~vB PAGES 8 &9
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  • TOP STORIES
    • 1034 2  -  RONNIE LIM THE EDB EDGE EDB also hoping to tap new growth area of health, wellness and ageing By [SINGAPORE] From more oil refineries and planning for a third biomedical park in Tuas for drug-makers, to securing lifestyle projects like big-name, international
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    • THREE-MINUTE DIGEST
      • 65 2 CITYSPRING Infrastructure Trust is seeking a mandate from its shareholders to raise a further $370 million in equity capital, but may not actually do so if market conditions remain poor, its chief executive Fai Au Yeung says. "We want the mandate to issue equity,
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      • 62 2 AS VOLATILITY spikes ever higher in equity markets worldwide and 100-point falls in the Straits Times Index become increasingly common, it's perhaps timely to ask the question: should there be circuit breakers in the Singapore stock market? It's a controversial issue, and one
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      • 58 2 THE Year of the Rat seems to be bringing in good fortune for investors in shares of Shin Corp as speculation rises that some of Thailand's leading business families have been approached to partner Temasek Holdings to bring its shareholding in Shin Corp
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      • 37 2 QUALITIES of the rare Chinese herb cordyceps sinensis may now be found in made-in-Singapore eggs, thanks to a new collaboration between a scientist and a farmer. SINGAPORE NEWS, PAGE 11
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      • 73 2 THE odds of a US recession have increased and stand at nearly 50 per cent amid a spate of data showing a weakening labour market, signs of more credit tightening and turmoil in the financial markets, the Blue Chip economic
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      • 56 2 THE more people ask how Societe Generale's Jerome Kerviel made bets that led to a 4.9 billion euro trading loss without the knowledge of his bosses, the more they are learning about other Kerviels who haunt trading floors from New York to London to Johannesburg
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      • 51 2 EMAAR MGF Land withdrew its initial public offering last Friday, becoming the second Indian company in the space of 24 hours to abandon an IPO and adding more gloom to a market that has fallen 17 per cent in a month. INDIA, PAGE
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      • 50 2 FIGHTING stubbornly high inflation, China's leaders dusted off a blunt tool from its pre-market reform era and commanded utility companies to freeze electricity prices. Households got temporary relief after that September order, but the capitalist-style economy produced unwanted consequences. GREATER CHINA, PAGE 19
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      • 75 2 TWO Fridays ago, the Dow Jones index was putting the finishing touches on its best weekly gain in five years, inspiring cautious hopes throughout Wall Street. But just one Friday later, those gains have been wiped out. While the Fed and the massive
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    • 484 2  -  OH BOON PING Survey shows 80% prefer sending staff on short-term trips By [SINGAPORE] Singapore could see more expatriates coming here on shorter stints as international firms begin to frown over lengthy overseas work trips. Companies today
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  • Page 2 Advertisements
    • 66 2 people t No mountain WOrK hi9h enough. www.thepeopleatwork.com Asia-Pacific Executive Search vm&A TEOCHEW "Raw Fish" p|-~i jjjgjx SPECIAL PROSPERITY SET MENUS 1* I MM -|fjH^^ f4Fw~ PJI welcome the Auspicious New Year RESERVATIONS HOTLINE 6533 5300 PROSPERITY WFv f ~^^^P 2S NORTH CANAL ROAD, POH HENG BUILDING (OPPOSITE HONG LIM
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  • Page 3 Advertisements
    • 286 3 PT. Nexus Engineering Indonesia, a wholly-owned subsidiary I T^n^T i i" of Beng Kuang Marine Limited, Singapore, is proud to attain iff "1) \y 1/ ISO 9001:2000 Certification Achievement. V Q LS? X^ogOO^/ MANAGEMENT 001 Committed To Quality, Dedicated To Success Our ISO 9001:2000 certification marks another leap forward. We
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  • SINGAPORE MARKETS
    • 713 4  -  R SIVANITHY STOCKS Senior Correspondent THERE are two inter-relat-ed issues which need to be resolved as far as stock market players are concerned first, for all players, the issue of where the bottom might lie in order to profit from a rebound,
      713 words
    • 739 4 Payment (cts) Ex Books Pay date close date Jlco Comm REIT ad 0.120 12-Feb 14-Feb 29-Feb Jlco Comm REIT ao 1.930 12-Feb 14-Feb 29-Feb Jlco Comm REIT Jl 1.690 12-Feb 14-Feb 29-Feb iscendas REIT ao 3.600 28-Jan 30-Jan 29-Feb iscott Res Trust ao 1.290 30-Jan 01-Feb 28-Feb iscott
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    • 486 4 -AFP COMMODITIES [LONDON] Last week, precious metal platinum forged yet another record high on the back of flagging output from leading producer South Africa. Wheat also rocketed to a historic peak in Chicago, thanks to tumbling inventories and keen global demand, traders
      -AFP  -  486 words
    • 396 4 AFP CURRENCIES [HONG KONG] Asian currencies ended the week mixed against the dollar as worries about the US economy persisted and after finance chiefs from the Group of Seven (G7) major industrialised nations met in Japan. Japanese yen: The yen edged downwards during the
      AFP  -  396 words
    • 1904 4 Source: Reuters recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name advance SCT Ltd 1.50 2.00 2 6.55 8.93 1.69 0.59 Jlco Commercial REIT 1.75 1.60 7.00 10.64 1.27 0.75 .II' ireen Pro lerties Ltd 2.70 2.80 10 9.41 12.12 1.68
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    • 4 4 WEEKLY
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    • 51 4 Feb 6 VALUE CLOSE 92.00-451.00 BT OB/OS BT CADI -*****.00-178.00 BT 10-day MA -*****.00 +9.00 FTSE ST Mid Cap 765.84 -18.41 FTSE ST Small Cap 673.82 -7.49 FTSE ST All Share 760.22 -23.23 FTSE ST China 541.17 -12.30 SiMSCI 360.41 13.83 SiMSCI Future 358.60- 15.50 PrimePartnersCI 179.34
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    • 63 4 VOLUME E3 Hlds 132,288,000 Jade Tech 125,508,000 Sa ihire 121,524,000 Sini iTel 100,572,000 China Honi ixini 95,660,000 Yam iani 62,384,000 FirstRes 61,265,000 Sunmoon 52,647,000 i Land 52,227,000 Wee Hur 47,868,000 VALUE(S) DBS Gri 391,831,560 >in< iTel 385,765,455 Ca i Land 306,834,779 UOB 295,703,660 Kei Con 272,622,141 SGX
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    • 113 4 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE UP 230 94.0 69.1 DelongH CIMBAsean40 100US$ 975 53.9 4.1 Korea 10US$ 485 39.7 6.1 Creative Tech 590 25.0 4.4 CerebosPac 418 22.0 5.6 ux 309 19.0 6.i Tat Horn 301 19.0 6.7 Land
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    • 105 4 CLOSE DOWN 8880-453.9 -3.5 GLD 10US$ China H 10US$ 1672 -86.5 -3.5 Jardine C&C 1880 -84.0 -4.3 DBS Gr| 1702 -68.0 -3.8 Kei Con 1016 -60.0 -5.6 JMH 2546 -51.1 -1.4 Venture Con 973 -49.0 -4.8 DBS MBLiCW*****0 478 -46.0 -8.8 SGX 926 -44.0 -4.5 Kei MBUCW*****0 287 -42.0
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    • 89 4 iere! S$ stani ids Feb 6 CLOSE I CHNG FR Feb 5 YR 2008/07 S$ LOW S$ HIGH USS 1.4180 -0.11 1.5479 1.4130 Euro 2.0774 0.08 2.1639 1.9913 Pounds 2.7868 0.10 3.1194 2.7855 AS 1.2700 0.86 1.3555 1.1741 Yen* 1.3333 -1.27 1.3821 1.2285 Rupiah* 0.***** 0.22 0.***** 0.***** Baht*
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  • COMPANY NEWS
    • 639 5  -  MATTHEW PHAN But the trust would issue equity only 'if it makes sense', says its CEO Reports by CITYSPRING Infrastructure Trust is seeking a mandate from its shareholdars to raise a further $370 million in aquity capital, but may not actually do so if
      639 words
    • 568 5 INVESTORS in City Spring Infrastructure Trust are more concerned over the trust's future acquisitions and business potential than its incentive structure, according to chief executive Fai Au Yeung. City Spring has not changed its fee structure despite the controversy it caused
      568 words
    • 684 7  -  R SIVANITHY AS VOLATILITY spikes ever higher in equity markets worldwide and 100-point falls in the Straits Times Index (STI) become increasingly common, it's perhaps timely to ask the question: should there be circuit breakers in the Singapore stock market to smoothen the
      FILE PHOTO  -  684 words
    • 221 7 PORTEK International, which provides equipment, services and solutions to the port industry, said it expects to post a net loss of between $500,000 and $1.5 million for the six months ended Dec 31, 2007, against a profit of $1.7 million in the same
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  • Page 5 Advertisements
    • 213 5 DLATRADE INDUSTRIAL PARK Located at Tanjung Uncang, Batam Indonesia Good Business Environment Land Lease 30 years /80 years Special Economic Zone Free Duty for Import Export c-i— d..*.; T~ n *~u~.~~* Abundant supply of workers Sales, Rental Installment Cost Effective Covered Area: 5,000 sqm onwards 7,500 sqm onwards Banking Consultancy
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  • SINGAPORE MARKETS
    • 1131 6  -  ROBERT HALILI INSIDE MARKETS Fund managers also bullish, making 41 acquisitions against 18 sell deals By THE buying was high while sales activity was low among directors and substantial shareholders during the holiday-shortened week of Feb 4 to 6 with 33 firms recording 83
      1,131 words
  • Page 6 Advertisements
    • 1214 6 IN THE MATTER OF THE IN THE MATTER OF THE unifl IRIITII ACIA UOI niUti DRIVATE I IMITEn COMPANIES ACT CAP 50 COMPANIES ACT CAP 50 HOKURIKUASIA HOLDINd PRIVATE LIMITED commniesact, cap. su COMPANIESACT, CAP. 50 (|N MEMBER y VOLUNTARY WINDING-UP) IN THE MATTER OF IN THE MATTER OF Company
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  • Page 7 Advertisements
    • 134 7 yIT From 7 January to 30 April, The Jewel Box brings on the magnificence of the Br m'~~~* Spring season. The entire facade comes to life decked out in yellow and pink w^wm i \'j flowers in full bloom, perfectly complementing the lush greenery and wfttfSyM w^^^B I panoramic views
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  • VIEWS FROM THE TOP
    • Article, Illustration
      5342 8 THIS WEEK'S TOPIC Your Budget Wish List What initiatives would you like to see included in this year's Budget announcement to help businesses and the economy generally? Tax cuts Phillip Overmyer Executive Director Singapore International Chamber of Commerce FOR several years now, the Singapore International Chamber of Commerce
      FILE PHOTOS  -  5,342 words


  • SINGAPORE CORPORATE AWARDS
    • 1166 10  -  MICHELLE QUAH Best Managed Board Award's ultimate aim is to ratchet up benchmarks by bringing the best out of board practices here By CLICHES may be trite but are oftentimes also true as in the case of the importance of having
      1,166 words
  • Page 10 Advertisements
    • 65 10 I V WINE DINE AND HOSPITALITY I PROSPERITY DELICACIES Biwicwmi Revel in our all-new premium indulgences featuring Shark's Fin Yu Sheng sprinkled with Japanese Fish Roe kbmumjm and Brandy X.O Sauce, and Nian Gao with Wai nut, Yam and Green Tea Paste this Lunar New Year "~mandawn~~ For more information,
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  • SINGAPORE NEWS
    • 617 11  -  OUR CORRESPONDENT i i. i. Shares up 10% on report it's looking for buyer to bring stake down to legal limit Byj in Bangkok THE Year of the Rat seems to be bringing in good fortune for investors in shares of the embattled
      617 words
    • 610 11  -  CHEN HUIFEN Locally-made cordycepin egg has 30% less cholesterol By QUALITIES of the rare Chinese herb cordyceps sinensis may now be found in made-in-Singapore eggs, thanks to a new collaboration between a scientist and a farmer. Homegrown biotech firm AP Nutripharm has partnered
      ARTHUR LEE  -  610 words
    • 184 11  -  NISHA RAMCHANDANI By "YOUNG people are the future pillars of our nation," says Spectacle Hut managing director Gary Khoo. "So we need to provide them with the right environment and positive stimuli." Which is why Spectacle Hut is one of more than 550 companies that
      184 words
  • Page 11 Advertisements
    • 160 11 y\mazing business Cfass CJ)cafs to Europe Moscow $3400 Munich Paris London Athens Zurich Rome $3600 Milan Madrid Frankfurt Stockholm Copenhagen $4045 Cj C^ SI T v i I Hmbv Tenms Conditions Fares shown are per person for a round trip on Business Class. Sales Period is from 29th January to
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  • DINING OUT
    • 717 12  -  Parvathi Nayar VALENTINE'S DAY Rang Mahal Pan Pacific Singapore Level 3, 7 Raffles Boulevard Reservations: 6333-1788, rangmahal@hind.com.sg INDIAN may not be the cuisine that springs to mind when you're planning that romantic meal for two on Valentine's Day, but a specially concocted menu at the
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  • Page 12 Advertisements
    • 83 12 Usher In y^y The New Year with. X*^\, Auspicious /q®v\ Festivity l^il^ in our NEWLY RENOVATED restaurant^^JSP^^ HHHHHHHUUUUIIIIIIIIIIII J^^L^^^L Lunar New Year /£^C3 C^\ Set Menu from /j^J jj\ $348 OOpax) HHllllllllllllllllllllllllllllll r^P^^^T^^^^TT^^^^^^^nl Reservations: i¥yf^W*Ww>aM 6744 2717 rsrsvn Lianhe Zaobgo■ •4^v.'v i' ■y/'V- K3@|l^ r IVCI niitis Ito end 6-year
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    • 102 12 Done Deal? I Deal Done. SQ 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 to seize the right moment to close the deal. Bk Pepp empowers you
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  • DINING OUT WITH citibank
    • 817 13  -  JAIME EE POWER Lunch By IT'S an unwritten rule in Asia that in order for a Western expatriate to be truly accepted by local society, he or she has to undergo a culinary baptism of fire usually involving edible weapons of destruction like durians
      I JOHN HENG  -  817 words
    • 597 13  -  Jaime Ec Tetsu #03-18 Tanglin Mall Tel: 6836-3112 WHEN bringing in a food concept from overseas, the invariable comparison issue arises does the food taste as good as it does in its country of origin? Tetsu is a brand new eatery in Tanglin Mall
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  • Page 13 Advertisements
    • 18 13 Brought to you by citibank &yiS ®™™f*l HiHPS Your Citibank guide to gourmet pleasures this week J 1/
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    • 238 13 Indulge in festive dining with more cuisine treats from Citibank. Crystal Jade Win up to $1888 dining vouchers in the sure-win lucky dip Available at all Crystal Jade outlets except Crystal Jade My Bread Crystal Jade My Bread 10% off with mm spend of $8.80 15% off whole cakes Available
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1016 14  -  GOW YUJIE, GWEE LI PING, NG MEI SHAN LEE HON SING Cards are no longer just an alternative to cash; they also reflect the cost perception, consumption and self-image culture of a society By ana SINGAPORE has seen a tremendous growth in the number of
      1,016 words
    • 831 14 CAMPUS LIFE NTU student Adeline Ng tells TAN SEO YEAN how her passion for magic was fuelled by a series of unexpected events IT ALL started with a show of disappearing coins, performed by a father for his daughter. And unlike other biological sciences students, the
      JOHN HENG  -  831 words
    • 204 14 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • Page 14 Advertisements
    • 46 14 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • ECONOMY WATCH
    • 412 15 Bloomberg Govt is optimistic about growth prospects: minister [SYDNEY] Australian Prime Minister Kevin Rudd said the government will go ahead with promised tax cuts, even as inflation rises at the fastest pace in 16 years. "There will be absolutely no change to
      – Bloomberg; AP  -  412 words
    • 529 15 Reuters Outlook dampened by data showing a contraction in hiring, consumer spending [WASHINGTON] The odds of a US recession have increased and stand at nearly 50 per cent amid a spate of data showing a weakening labour market, signs of
      – Reuters  -  529 words
    • 862 15 Reuters NEWS ANALYSIS Liquidation, profit taking in energy markets offset losses in equities equity indexes when the correlation becomes high. "This will work as long as the two markets trade on the same fear factor, but will break down as soon as
      ■ Reuters; AP  -  862 words
  • Page 15 Advertisements

  • FOCUS: SOCGEN SCANDAL
    • 1051 16 Bloomberg When a trader has a 'hot hand' and is raking it in for the company, the tendency is to let things go too far and then blow up [PARIS] THE more people ask how Societe Generale's Jerome Kerviel made bets that led to a
      ■ Bloomberg; AFP  -  1,051 words
    • 1007 16 ■AFP [PARIS] It was a Sunday afternoon when French central bank chief Christian Noyer was told that Societe Generale, a pillar of French banking founded in 1864 under Napoleon 111, was in dire straits. His decisions in the next few hours set the course for three days
      ■AFP; REUTERS  -  1,007 words
    • 772 16 ■NYT A TRANSCRIPT of conversations between Jerome Kerviel, the trader whom Sodete Generate says cost it nearly 5 billion euros, and a broker at one of the bank's subsidiaries suggests that the second man had an intimate knowledge ofKerviel's surreptitious trading
      ■NYT  -  772 words

  • MALAYSIA/INDONESIA
    • 576 17  -  PAULINE NG MALAYSIA INSIGHT Punishing errant drivers is more effective than giving them refresher courses A GROUP of youths have started a petition to highlight the perennial problem of fatalities on Malaysian roads which, judging by annual statistics, is among the highest cause
      576 words
    • 348 17 Bloomberg [TOKYO] Indonesia will cut this year's growth forecast amid greater "downside" risks stemming from record oil prices and a global economic slowdown, Finance Minister Sri Mulyani Indrawati said. South-east Asia's largest economy is expected to grow between 6.4 per cent
      Bloomberg  -  348 words
    • 173 17 Reuters [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi declined to quash rampant speculation that he would dissolve Parliament on Feb 13, paving the way for a general election as early as March 1, local media said yesterday. "Up to you if
      – Reuters  -  173 words
  • Page 17 Advertisements
    • 390 17 Dinner under the stars 0r... _d-*.«-I was tempted by HaiTien Lo's exquisite Cantonese dinner menu, with the promise of spectacular views of the city's night lights scattered like jewels at our feet. $998 a bottle ofKrug Champagne for two, However, Global Kitchen promised an intimate dining experience with a degustation
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  • INDIA
    • 686 18 Reuters Second big issue to pull out within 24 hours spreads gloom in Indian market [MUMBAI] Emaar MGF Land withdrew its initial public offering last Friday, becoming the second Indian company in the space of 24 hours to abandon an IPO and adding
      – Reuters; BLOOMBERG  -  686 words
    • 136 18 Bloomberg [MUMBAI] India has notified changes to a law that allows commodity exchanges to offer options contracts and gives more autonomy to the Forward Markets Commission, which regulates the nation's 24 commodity futures markets. The government notified the Forward Contracts (Regulation) Amendment Ordinance, 2008, with
      ■ Bloomberg  -  136 words
    • 296 18 Reuters Govt is committed to signing up for its share, says official [NEW DELHI] India's government hopes to open subscriptions for a US$4.2 billion rights issue in the country's largest lender State Bank of India (SBI) on Feb 18,
      Reuters  -  296 words
    • 390 18 Reuters [NEW DELHI] The United States has warned India that it is now or never for a controversial nuclear cooperation deal which is unlikely to be offered again after US President George W Bush leaves office. US Undersecretary of State Nicholas Burns
      ■ Reuters  -  390 words
    • 304 18 -Bloomberg, Reuters [BANGALORE] Wheat prices may rise further because Farmers India, the world's second-biggest grower, may harvest a smaller crop after dry weather delayed planting. The crop may decline 5 per cent to as low as 72 million tonnes in
      -Bloomberg, Reuters  -  304 words
  • Page 18 Advertisements
    • 654 18 Communication: Your key to success! 7L f The most important skill for success today is the ability to communicate. Communication skills are what separate the outstanding, from the good, I j and the average. Sign up for this ST7OI professional development seminar V* and find out how you can become
      654 words

  • GREATER CHINA
    • 535 19 Reuters Will Beijing finally soften its resistance to imports? [BEIJING] As China begins to thaw from its worst winter weather in a century, grain traders face a vexing question that may determine the course of prices this year: Will Beijing finally soften its long-standing
      Reuters  -  535 words
    • 271 19 -AP [TOKYO] Japan's finance minister told his Chinese counterpart yesterday that the two countries must cooperate in finding the cause of pesticide contamination in China-made dumplings that have sickened at least 10 people in Japan. Fukushiro Nukaga told Chinese Finance Minister
      -AP  -  271 words
    • 729 19 -AP But relief is temporary as it causes unwanted consequences [BEIJING] Fighting stubbornly high inflation, China's leaders dusted off a blunt tool from its premarket reform era and commanded utility companies to freeze electricity prices. Households got temporary relief after that September order,
      -AP  -  729 words
    • 712 19 Reuters, AFP But southwest could get more snow and sleet next 2-3 days [SHANGHAI] Transport, power generation and food supply were back to normal in most of China yesterday after the worst winter weather in decades killed scores of people and
      Reuters, AFP; AFP  -  712 words
    • 368 19 Bloomberg [SINGAPORE/SHANGHAI] China will shut coal-fired power plants, cement factories and chemical manufacturers near Beijing to reduce pollution before the Olympic Games in August. Operators of these sites have been told they will be closed 30 days before the Olympics begin
      Bloomberg  -  368 words
    • 272 19 Bloomberg [SHANGHAI] China's travel agencies may lose 70 per cent of their forecast sales during the Chinese New Year holidays because of snow storms that have disrupted people's travel plans, Xinhua News Agency says. Snowfall in the past month has blocked roads,
      – Bloomberg  -  272 words

  • ASIA-PACIFIC/WORLD
    • 559 20 Reuters It took months for a consensus that crisis would spread to the broader economy [NEW YORK] One year after the first alarm bells of the sub-prime mortgage crisis rang on Wall Street, many of its victims are trading at half their
      Reuters  -  559 words
    • 448 20 Reuters [WASHINGTON] US President George W Bush said yesterday he would sign a US$l52 billion package on Wednesday that is aimed at keeping the world's largest economy out of recession with tax rebates and investment incentives. Citing private sector economists, Mr Bush
      ■ Reuters  -  448 words
    • 555 20 Annual results this week will reveal sub-prime impact [ZURICH] Swiss banking titans ÜBS and Credit Suisse risk losing clients to smaller rivals as annual results this week reveal the heavy impact of the US sub-prime crisis on their balance sheets. ÜBS already said
      555 words
    • 338 20 JAMAICA has finally been pushed off the top spot after 15 days in the lead, though she is far from out of contention, reporting just three nautical miles to the finish behind the new race leaders, Hull Humber. In fact, there is everything to play for
      : ONEDITION  -  338 words
    • 170 20 Reuters [LONDON] HSBC is poised to put hundreds of its French regional retail branches up for sale, a further sign the bank is shifting its focus to emerging markets, according to media reports yesterday. HSBC is trying to
      Reuters  -  170 words
    • 2760 20 Feb 8 (Hong Kong, China and Jakarta markets were closed yesterday) For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E
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  • WORLD
    • 782 21  -  ANDREW MARKS WALL STREET INSIGHT The only thing that seems certain in the weeks to come is more volatility By in New York TWO Fridays ago, the Dow Jones industrials index was putting the finishing touches on its best weekly gain in five
      BLOOMBERG  -  782 words
    • 619 21 ■AP, Reuters Huckabee snatches Kansas, Louisiana from leader McCain [WASHINGTON] Barack Obama swept four contests last Saturday, slicing into his chief rival Hillary Clinton's slim delegate lead and completing his best night of the Democratic presidential campaign. Mr Obama scored decisive wins in
      ■AP, Reuters; AFP  -  619 words
    • 395 21 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 American Express Bank 5.75 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America
      395 words
    • 588 21 NYT [SAN FRANCISCO] The board of directors of Yahoo plans to reject Microsoft Corp's week-old U5544.6 billion takeover offer, a person familiar with the matter said on Saturday. Yahoo's board plans to formally notify Microsoft in a letter today that it has determined that
      NYT  -  588 words
    • 300 21 Reuters [WASHINGTON] The Securities and Exchange Commission (SEC) is investigating how banks, credit-rating firms and lenders valued and disclosed complex mortgage-backed securities that ultimately led to the sub-prime crisis, a top agency enforcer said on Saturday. "The big question is, who knew what when,
      Reuters  -  300 words
    • 106 21 i Land 5.680 -0.260 iMall 2.960 -0.050 :it' 11.460 -0.440 Con 4.290 -0.220 iBS Gn 17.020 -0.580 :SN 4.870 -0.140 lent Intl 0.605 -0.010 KLand 4.270 -0.120 ISH 14.300 -0.300 lardine CSC 18.800 -0.520 Kei Con 10.160 -0.440 Kei Land 5.830 -0.310 NOL 3.100 Noble Gn
      106 words
    • 102 21 Up Down Uncli Up Down Uncli Up Down Unch Multi Ind 6 10 2 0 0 0 6 10 2 Manufacturing 109 62 49 17 12 126 71 61 Commerce 36 28 12 48 31 15 r/C. ms 19 16 21 16 Finance 13 17 13 17
      102 words
    • 122 21 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAI Multi Ind 62,337 62,337 381,634 381,63' Manufacturing 884,911 206,878 1,091,789 872,189 28,046 900,235 Commerce 226,665 6,514 233,179 201,723 935 202,651 318,027 615 318,642 909,741 193 909,93' Finance 135,853 135,853 1,162,353 1,162,353 Construction 161,043 139,214 300,257 56,182 4,713
      122 words

  • AVIATION/SHIPPING
    • 376 22 Bloomberg [LONDON] The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may rebound next week as Chinese oil companies return to the market after Chinese New Year to hire vessels for loading in March. The holiday
      – Bloomberg  -  376 words
    • 525 22 Reuters But finding areas to cut costs is not easy after years of restructuring [CHICAGO] The need for US airlines to control costs is greater than ever with losses creeping back into balance sheets and shares slipping, but carriers are simply
      – Reuters  -  525 words
    • 548 22 AFP Biggest demand for new jets will come from Asia-Pac, it says [LONDON] European aircraft maker Airbus said on Thursday it expected the world's fleet of large passenger jets to double in the next 20 years, with congestion in the skies
      AFP; AP  -  548 words
    • 218 22 -AFP [BERLIN] Airbus' A3BO superjumbo, the world's largest passenger aircraft, has encountered problems with its inflatable escape slides, the website of the German weekly Stern reported on Saturday. The escape slides had to be revised after just a few flights, the magazine said, citing
      -AFP  -  218 words
    • 2494 22 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:
      2,494 words
  • Page 22 Miscellaneous
    • 299 22 CRYPTIC CROSSWORD 1 Bush with, 'Are we to shift P^^^P^^J—^J—^J—^J——^J——^^^^B position?1 (11) V l^^^l 9 Luther, as muse, contains his opponent (7) 10 Fantastic view from French HJ j^| I tower, we hear (6) jj—^ 13 Unfinished final perform- *^M l^fl ance for film star (7) f4~^ 14 Head of
      299 words

  • SINGAPORE STOCKS
    • 7265 23 Week ended: Feb 6 Hi. Low Code Comi Sale COOP) Hil Low B'l Seller C'vr P/E Sinii 5716 1st Software 22 6.5 3148 8Telecom i 2o? 98 S fringe 30 13.5 1938 AEI Corp 26 7.5 1100 AEM 42 12.4 2101 APOil 141 54.5 5550 ARA ii 51?
      7,265 words
    • 70 23 52-Wk Tel High Low Code Last Sale Vol COOP) Day ill Low Last Quote Buyer Seller Div GrYld Net MCa| C'vr P/E $mi Com _Hm 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO US200d US620C
      70 words
    • 2135 23 52-Wk Tel |h Low Code Last Sale Vol COOQ) lay I Low By .ast Quote Div yer Seller C'vr Net P/E fICap Smil Hii Comi >an' Hii 30 11.5 1181 sAAGrp 41.5 18 5000 sABRHIdgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System 34 27
      2,135 words
    • 258 23 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
      258 words
  • Page 23 Advertisements
    • 26 23 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

  • FINANCE & COMMODITIES
    • 363 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb8 World Index Preliminan 1007.7 0.0 -11.0 0.0 -12.2 0.0 -10.' t EAFE Preliminan 972.4 0.0 -13.2 0.0 -14.3 -0.1 -13.1 Euro[ Preliminary 1337.7 0.4 -13.3 0.5 -15.5 0.4 -14.2 Pacific 834.9
      363 words
    • 132 24 As at 9am Feb 6 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2670 1.2820 Can dollar 1.4030 1.4190 Euro 2.0690 2.0930 NZ dollar 1.1030 1.1270 jterlin iund 2.7780 2.8090 US dollar 1.4140 1.4300 Local dollars to 100 units of foreign
      132 words
    • 161 24 Feb 6 Overnight 1 3/8 1-month 1 5/8 2-months 1 5/8 3-months 1 5/8 Overnight mode: 1 5/8 US$ Offer 1 1/8 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 3.25 3.28 3.25 3.23
      161 words
    • 20 24 Feb 6 STI SIMSCI Feb 361.1 361.9 358.6 Taiwan Feb closed Source: MF Global (S) Pte. Ltd
      20 words
    • 21 24 Feb6 SS Bid Offer 1-month 1.4162 1.4174 2-months 1.4143 1.4155 3-months 1.4128 1.4141 6-months 1.4081 1.4096 Source: OCBC
      21 words
    • 155 24 Feb6 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2702 1.2718 0.8955 0.8960 Canadian dollar 1.4078 1.4094 0.9926 0.9930 Euro 2.0768 2.0789 1.4642 1.4646 NZ dollar 1.1081 1.1091 0.7812 0.7814 Sterlim md 2.7864 2.7891 1.9645 1.9650 US
      155 words
    • 284 24 FebS OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO8 JunO8 SepO8 DecO8 97.140 97.565 97.650 97.590 0 0 0 0 ***** ***** ***** 6069 EUROYEN FUTURES MarO8 99.180 99.180 JunO8 99.320 99.340B SepO8 99.380 99.420 DecO8 99.365 99.415 MarO9 99.355B JunO9 99.290 99.290 SepO9 DecO9 99.175
      284 words
    • 286 24 Febs RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Mar 08 Apr 08 May 08 JunO8 Jul/Sep 08 Oct/Dec 08 386.25 389.50 390.25 390.25 390.25 390.00 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open Interest
      286 words
    • 100 24 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low MarO8 1339.00 1331.50 1374.50 1331.50 May 08 1358.50 1350.50 1388.00 1340.00 Jul 08 1368.00 1362.25 1400.00 1359.00 Aug 08 1350.50 1349.50 1375.00 1347.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low MarO8 47.28 55.12 47.28 47.24 May 08 56.02
      100 words
    • 75 24 CRUDE OIL PRODUCTS Feb7 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 87.6 -0.22 WTI (Near Mth) 87.91 0.73 Dubai (1-Mth F) 83.68 -0.48 Tapis blend 93.5 -0.55 Minas 89.6 -0.5 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 88.90 102.70 unch unch US$/barrel Opec Oil Basket
      75 words
    • 468 24 Feb6 AS CS Rmb Euro HKS Ind Rs Ru Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.902 6.440 0.612 6.985 35.431 82.736 0.955 8.452 2.893 1.146 56.231 36.381 1.271 6.870 0.983 28.666 29.475 0.456 0.896 Canada 1.108 7.137 0.678
      468 words
    • 87 24 Feb6 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****H 08.05.08 1-Year BY*****A 29.09.08 1.45 1.49 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hie Day's igh Low 2-Year N5O51OOF 2.625 5-Year N5O71O1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****X 3.125
      87 words
    • 76 24 Feb 6 1 mth 2 mths 3.***** 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 9 mths 12 mths 3.***** 2.***** 2.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs
      76 words
    • 65 24 FebS KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Feb OS 3350 3316 3400 3350 15 463 Mar 08 3401 3355 3445 3343 1684 ***** Apr 08 3411 3349 3458 3349 8839 ***** May 08 3410 3355 3455
      65 words
    • 131 24 FebB Hong Kong London 893.50 unav 894.50 unav Feb 08 Feb OS 918.90 890.10 919.80 890.80 Source: Reuters CAST BAR (S$) Feb 06 Buying Sellim Kilobar "43,729.83" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS Kinebar™ 98.44 278.2
      131 words
    • 68 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2656.20 2644.80 3 months 2695.00 2683.00 Copper, Grade A (US$/tonne) Cash 3 months 7736.00 7700.00 7559.00 7540.00 Lead (US$/tonne) Cash 2995.00 3 months 2970.00 2783.50 2780.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months *****.00
      68 words
    • 77 24 FebS COCOA (Btonne) Close Prev Hii ih/Low Mar 08 1240 1228 1247/1213 May 08 1265 1250 1270/1237 JulO8 1291 1276 1296/1265 SepO8 1276 1263 1280/1252 COFFEE (US$/tonne) Close Pev High/Low Mar 08 2225 2187 2231/2158 May 08 2252 2215 2257/2189 JulO8 2270 2234 2275/2208 SepO8 2265 2233 2270/2207 SUGAR
      77 words
    • 2952 24 BONDS WARRANTS Pel lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Disc Gear- Mths ing Lef1 3798 Ascendas REITSGA ECW*****3 1 -1.5 1430 )092 Asia Environment W*****4 15.5 0.5 119 1851 AusGroup MER ECW*****8 3 0.5 275 S657 Biosensors DB ECW*****3 22.5 -1.5 436 S704 Capitamall Trust
      2,952 words

  • Page 25 Advertisements
    • 1960 25 m The Business Times mmm Destination Destination rt=j^BPp=^Q ;i|| IKSf Bjßil^jft^^g L.-i-l. '^in.|.||..i- E M-iI-i/m-i In. L.H--.M 'L.-i-l. EV/ M-iI-i/.m In. I. .n-.i-1 t^^S' V L^^L^^jj AW^^^ MIDDLE-EAST SERVICE F.E./S.E.A SERVICE 05^5885"^%^^ Destination Destination mTf^^^ JHf '^4 PAN BRIGHT DBI/ABU/BRN/DOH/DMM/KWT DREAM FRONTIER INC/BSN I MM ■UaMlilMlilMilH «g§i Loads Singapore, E./W.
      1,960 words

  • Page 26 Advertisements
    • 3863 26 WAN HAI INTERNATIONAL PTE LTD cr NO: **********0/R I f/Wi f~H n^k VTIAIAIAM MAI Illirr TEL: *****588 (14 LINES) FAX: *****163 IVK jr~\ H, AM JJ>KJ> tAX LlJ>lj>K, L, I\J W§l f£f I*J 'S^LtW* VN\WAN HAI LINES |t] I SPEC.AUZE.NRORO&HMVYUFTUPTO 450 TONS 1 WFFKIYWRF^A^P F V J0HUL:(07)*****23FAX:(07)*****215UR1EL:(031)*****75FAX:(031)*****14/*****05 H l_ Jl^hlhlmmshhmllhmhmmmmhhJ
      3,863 words

  • Page 27 Advertisements
    • 2717 27 T^^^BXBKB^^^^H ipg ANDERSEN Fa GLORY NAVIGATION GROUpI Mw*MrsAr !PIP HPHf VHH)P HMi 11---SM _f SHIPPING companyX 70 Shenton Way, #21-03 Marina House Singapore *****8 4iL^---i-4 Vl. PS-^®- XA/CCT CVDDCCC I IMC I SINa "70' NORTH WEST EXPRESS LINE owns operates the youngest fleet MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS
      2,717 words

  • Page 28 Advertisements
    • 2195 28 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore followed by the ETA at the destination. The telephone numbers of the advertisers are provided for your convenience. ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number 29/02 04/03 NGPL PACIFICADVENTURER
      2,195 words
    • 499 28 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number 25/02 11/03 Rickmers RICKMERS JAKARTA 230 *****333 28/02 09/03 AustralAL PAPUAN GULF 063S *****333 28/02 09/03 WanHai JACKY RICKMERS E052 *****588 17/03 26/03 AustralAL CAPE HOWE 064S *****333 To SHARJAH (SHJ) 2361 U. A. Emirates 16/02 05/03 Nortrans
      499 words

  • BizIT
    • 677 29  -  ONG BOON KIAT The company is targeting 40% growth in software sales here in 2008 By SINGAPORE job seekers with business intelligence (BI) credentials may want to get their resumes ready. The Singapore office of US-based BI software firm SAS is looking to
      FILE PHOTO  -  677 words
    • 561 29 Reuters [SAN FRANCISCO/ BOSTON] With fears of a US recession bearing down on technology companies, the sector's safest bets appear to be in business software, while makers of computers and consumer gadgets look vulnerable. John Chambers, chief executive of tech bellwether Cisco
      – Reuters  -  561 words
    • 1141 29  -  MICHAEL MUDD <you say> Customers increasingly want product interoperability, rather than a rigid, pre-defined single standard. That applies to document standards, too" By I a N 1971, John Blankenbaker created the Kenbak-1, the world's first commercially available personal computer (PC). Imagine now
      1,141 words
    • 462 29 NYT [LAS VEGAS] Call of Duty 4: Modern Warfare, the high-octane anti-terrorism thriller developed by Infinity Ward and published by Activision, took top honours on Thursday night at the 11th annual Interactive Achievement Awards, the video game industry's equivalent of
      NYT; AP  -  462 words
    • 182 29 AFP [SAN FRANCISCO] Facebook last week unveiled a Spanish version of its hot social-networking website and promised French and German language editions by spring. A software application made freely available last Wednesday lets people opt for Spanish instructions, alerts, news feeds and other information
      AFP  -  182 words
    • 757 30 The company is moving beyond its MP3 player and soundcard business, reports ONG BOON KIAT CREATIVE Technology believes its recent move into new markets adjacent to its bread-and-butter soundcard and MP3 player business is building new momentum as the Singapore tech icon
      FILE PHOTO  -  757 words
    • 225 30 [ATLANTA] Google Inc, Microsoft Corp, International Business Machines Corp (IBM), Yahoo! Inc and VeriSign Inc have joined the board of the OpenlD Foundation, which promotes Web sign-ons that work on multiple sites. OpenlD Foundation announced the new corporate members last week. The organisation supports
      225 words
    • 906 30 <cool stuff> Blackßeriy's competitors have features worth looking at, writes CHRISTOPHER LIM NOT that long ago, Research In Motion's (RIM) Blackßerry service was the only mobile pushmail out there, but today the market boasts quite a few alternatives. Yet, you'll still find both consumers and
      RESEARCH IN MOTION  -  906 words
    • <what's up>
      • 83 30 HEWLETT-PACKARD (HP) has appointed Balu Doraisamy as managing director for Asia-Pacific Japan and senior vice-president for the technology solutions group (TSG). Mr Doraisamy, who will be based in Singapore, takes over from Tom lannotti who has returned to the USA to be the managing
        83 words
      • 106 30 KOREAN handset giant has coated its popular Viewty phone with a shade of grey. The phone, which boasts of a five-megapixel camera, a three-inch touchscreen display and HSDPA (high speed downlink packet access) support, will now be offered with a dark silver
        106 words
      • 107 30 AZTECH has launched the HLIO9E, claimed to be the world's first 200 Mbps (megabits per second) Home Plug. Suited for powering bandwidthsapping applications like Internet TV and online gaming, the product makes use of electricity sockets to extend a subscriber's Internet connection around the house without
        107 words
      • 55 30 OPEN-SOURCE software provider Red Hat has announced that Yuji Fujita, the chairman of its Japanese subsidiary, will also take on the additional responsibility of being the director of its Asia-Pacific operations. In his regional role, Mr Fujita will oversee the company's initiatives with Japanese
        55 words
      • 87 30 MARKET research firm Gartner will hold its inaugural Asia CIO Summit in Singapore on Feb 21 and 22. To be held at the Suntec Convention Centre, the event will examine the challenges CIOs face as they use technology to refine business models and
        87 words
      • 93 30 SINGAPORE-BASED IT services major Datacraft has won a US$l million contract to design and deploy network infrastructure, as well as security solutions for a retail bank which has recently expanded to India. Under the pact, Datacraft will implement an IP (Internet Protocolbased Wide
        93 words
    • 251 30 ■AP [DALLAS] Dell Inc has stopped selling many computers with processors from Advanced Micro Devices Inc (AMD) on its website, although it will continue selling some through retailers. The news is a setback for AMD, which wooed Dell for years before breaking
      ■AP  -  251 words