The Business Times, 14 February 2008

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Total Pages: 30
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial .com.sg *S* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Thursday, February 14,2008
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  • 915 1  -  CHOW PENN NEE Richard Stanley comes with wealth of experience in Asia and M&A expertise By [SINGAPORE] So it wasn't former Sing Tel boss Lee Hsien Yang. Nor did the job go to DBS Bank insiders, chairman Koh Boon Hwee, chief financial
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  • 799 1  -  S JAYASANKARAN Bourse gets its own share of excitement as politically linked stocks hope to gain By and PAULINE NG in Kuala Lumpur PRIME Minister Abdullah Ahmad Badawi dissolved Parliament yesterday, paving the way for Malaysia to hold its 12th general
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  • Page 1 Advertisements
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  • Page 1 Miscellaneous
    • 40 1 CORPORATE HOLLYWOOD BizlT l^ftiiflli PROPERTY RESULTS Screenwriters' Mobile World Congress: l? Development charges: StarHub Q4 profit L strike over, finally S'pore firms upbeat iiaiiHi^aat What to expect (lowil 31% PAGE 5 A PAGE 16 PAGE 19 KSVffi. Uftft PAGE 30
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  • TOP STORIES
    • 632 2  -  CHUANG PECK MING It is the most sensible option, says Manpower Minister Ng Eng Hen By [SINGAPORE] Most Singaporeans will end up opting for the payout age of 80 under the new CPF Life plan for retirees, Manpower Minister Ng Eng
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    • 541 2  -  CHEW XIANG But income inequality widens despite govt effort By [SINGAPORE] Income inequality in Singapore widened last year to its most pronounced state since at least the year 2000, with some high-income households enjoying big pay increases while the
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    • THREE-MINUTE DIGEST
      • 92 2 WARREN E Buffett volunteered on Tuesday to rescue Wall Street from its latest looming crisis. But the billionaire investor known as the Oracle of Omaha made clear that his offer would not come cheap. "When I go to St Peter I
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      • 46 2 INVESTORS hoping for a post-Budget day market rally could be in for a disappointment, according to analysts. They base their forecast on the likelihood that this year's fiscal Budget is not expected to be business-centric. COMPANY NEWS, PAGE 4
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      • 55 2 ROTARY Engineering is starting to penetrate the highly competitive Middle East market. Through its Saudi joint venture Petrol Steel, Rotary has just secured a US$62 million deal with Saudi Kayan Petrochemical Company to build 24 storage tanks for its Al-Jubail complex in Saudi
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      • 98 2 STARHUB yesterday posted net profit of $98 million for the fourth quarter ended Dec 31, down 31 per cent due to tax credit adjustments. For the full year 2007, net profit was $330 million, down 8 per cent, on a 12 per
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      • 55 2 GIC Real Estate, the property investment arm of the Government of Singapore Investment Corporation, has partnered Finnish retail property investment company Citycon Oyj to acquire a 40 per cent stake in a Helsinki mall called Iso Omena for 131.6 million euros (*****.7
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      • 75 2 MALAYSIA'S largest integrated automotive concern, DRB-Hicom Bhd, has received a Sslso million offer for a shopping mall it owns in Singapore's Little India area, Malaysia's Business Times reported, citing people familiar with the matter. The offer is some 50 per cent more than
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      • 80 2 CHINA should make more use of monetary instruments such as interest rates and its foreign exchange rate to fight soaring inflation, a government think-tank said in remarks published yesterday. The State Information Centre said in an article published in the China Securities
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      • 53 2 THE coming March 1 revision of development charge rates is generally expected to be more moderate than the past couple of revisions, which imposed steep rises. That's because on the whole, land price increases have slowed considerably in the past few months.
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    • 428 2  -  SAMUEL EE Pilot project also includes a portable refuelling station By [SINGAPORE] BMW will introduce five hydrogen-pow-ered cars in Singapore next month, complete with their own refuelling station and liquid hydrogen fuel. The BMW Clean Energy pavilion a specially built glass and steel structure will be
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    • 971 3 -NYT Analysts see it as a shrewd attempt to take advantage of insurers' problems [NEW YORK] Warren E Buffett volunteered on Tuesday to rescue Wall Street from its latest looming crisis. But the billionaire investor known as the Oracle of Omaha
      -NYT; BLOOMBERG  -  971 words
    • MARKETS DIGEST
      • 29 3 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
      • 47 3 Inesi lay lange 1COMP 1,423.15 +5.63 MKKEI 225 13,068.30 +46.34 1ANG SENG 23,169.55 +247.88 ;et index 829.41 +11.92 JAKARTA COM P 2,610.78 +18.71 1ANILAC0MP 3,223.35 +22.45 ;eoulcomp 1,631.78 -11.51 ;henzhen b 659.11 -14.89 IUMBAI IND 16,949.14 +341.13 11AM EDT 12,436.49 Change +63.08 )OW IASDAQ 1,353.49 -1.06
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      • 39 3 IS$ (S$ ier US$) 1.416 (USS/SS per 1.957 2.772 ;URO(US$/S$/E) 1.454 2.059 'EN 107.30 75.70 3.236 2.285 IK$_ 7.801 5.508 !AHT 32.88 23.21 lUPIAH 9,260 6,537 1ENMINBI 7.200 5.083 INDIAN RUPEE 39.74 28.06 1.110 0.784 IZ$ 1.270 0.897
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  • Page 2 Advertisements
    • 372 2 Budget 2008 Dates Minister for Finance Mr Tharman Shanmugaratnam will deliver his Budget Statement to Wednesday, 20 February 2008 Parliament on 15 February 2008. Some highly anticipated questions will be answered. 9.00 am to I.oopm F°r instance, will the top level of personal income tax rates come down? Will there
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    • 13 2 PCOPIC Hunting season worlc has be 9un(Target: Private Bankers) www.thepeopleatwork.com Asia-Pacific Executive Search
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  • Page 3 Advertisements
    • 562 3 *Footnote: Customers who trade at least 10 times per month (30 times per calendar quarter) qualify for the Power E*TRADE U559.99 commission schedule. Customers who have total assets over US$5O,OOO also qualify for U559.99 commission schedule. Other customers are subject to the standard schedule. General Terms Conditions: Promotion period: February
      562 words

  • COMPANY NEWS
    • 502 4  -  OH BOON PING Budget unlikely to be business-centric, chances of corporate tax cut are remote By INVESTORS hoping for a post-Budget day market rally could be in for a disappointment, according to analysts. They base their forecast on the likelihood that this year's
      502 words
    • 348 4 Bloomberg TEMASEK Holdings says that it does not view Standard Chartered's status as a note-issuing bank in Hong Kong as an "irrelevance". The Independent, citing unnamed sources in a report yesterday, had said that Temasek, Singapore's sovereign wealth fund and the biggest shareholder of London-based
      Bloomberg  -  348 words
    • 389 4  -  RONNIE LIM It is also raising stake in the Saudi venture to 51% By ROTARY Engineering is starting to penetrate the highly competitive Middle East market. Through its Saudi joint venture Petrol Steel, Rotary has just secured a US$62 million deal with Saudi
      389 words
    • 74 4 SINGAPORE Post hosted a Chinese New Year celebration lunch for its customers yesterday, with management and guests dressed for a Shanghai theme. The centrepiece was a giant cake in the shape of a postbox. "I have been informed that the Zodiac Rat is said to be observant
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    • 591 4 Bloomberg It cites rising demand for coal, iron ore, other commodities in China SHIPPING company Courage Marine Group expects rising demand for coal, iron ore and other commodities and possible delays in vessel deliveries by new Chinese shipyards will drive up freight rates.
      Bloomberg  -  591 words
    • 621 5  - StarHub Q4 net profit down 31 at $98m SIOW LI SEN Revenue rises 14% despite pressure on margins and falling mobile market share By STARHUB yesterday posted net profit of $98 million for the fourth quarter ended Dec 31, down 31 per cent due to tax credit adjustments. For the
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    • 583 5  -  GEOFFREY LEE By YELLOW Pages (Singapore) Limited posted a 69.9 per cent year-on-year fall in net profit to $1.5 million for its third quarter ended Dec 31, 2007, as revenue tumbled 30.2 per cent to $11.8 million. This revenue came mainly from
      I FILE PHOTO  -  583 words
    • 399 5  -  RONNIE LIM By OILFIELD equipment supplier SSH Corp expects to clinch more contracts this year from new petrochemical and bio-diesel plants being built here, says chairman and CEO Kris Wiluan. "We are talking to people like Shell and ExxonMobil, as well as other
      FILE PHOTO  -  399 words
    • 554 6  -  YEN SREENIVASAN Group says it enjoys strong demand and better margins in all its key markets By TAT Hong, the world's largest crane company, hoisted its third-quarter earnings by 20 per cent to $21.2 million, thanks to strong demand and better margins
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    • 364 7  -  CHEN HUIFEN Third-quarter net profit soars more than 8-fold to $52.4 m By THANKS to a one-time capital gain, Bukit Sembawang Estates has reported third-quarter net earnings of $52.4 million, more than eight times the net profit of $6.25 million it generated
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    • 392 7 CitySpring 's Q3 DPU of unknown CITYSPRING Infrastructure Trust has beaten projections with its performance in its third financial quarter ended Dec 31, 2007. It has declared a distribution per unit (DPU) of 1.6 cents for Q3 FY2OOB, 6.7 per cent or 0.1 cent above the projected DPU provided at
      392 words
    • 109 7 Halt year ended Dec 2007 year en Silverlake 33.45 19.73 69.5 46.79 27.92 67.6 SimLian 20.35 7.66 165.7 145.79 81.87 78.1 SSHCorp 12.53 8.29 51.2 114.71 77.50 48.0 SinGheeHuat 9.17 9.60 -4.5 49.88 50.00 -0.2 C&OPharm 7.92 0.99 703.9 49.17 53.17 -7.5 Equation 5.52 -2.52 nm 24.83
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    • 47 7 Full year ended Dec 2007 year en StarHub 330.30 360.20 -8.3 2,013.70 1,804.80 11.6 Dynamic 4.04 3.77 7.1 136.17 93.51 45.6 Maveric -1.18 73.53 nm 16.83 nm Notes: Net profit refers to profit attributable to equity holders Exchange rate: US$1 =S$1.438 nm: not meaningful
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    • 521 7  -  LYNETTE KHOO Strong show attributed to improved local demand, increased tourist traffic By CITING robust economic conditions and positive consumer sentiment, Sincere Watch yesterday reported a more than doubling in net profit to $12.65 million for the third quarter ended Dec 31, 2007, as
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    • COMPANY BRIEFS
      • 63 7 GALLANT Venture has reported a 58.1 per cent drop in Q4 net earnings to $6.37 million, bringing its full-year net profit to $14.7 million, a year-on-year drop of 30.4 per cent. Revenue for the three months ended December 2007 fell 29.3 per cent to
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      • 42 7 EQUATION Corp yesterday reported half-year earnings of $5.5 million, from a loss of $2.5 million in the year-ago period. For the six months ended December 2007, sales went up to $24.8 million, from $7.8 million.
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      • 74 7 METRO Holdings has posted a 33.69 per cent drop in third-quarter net profit attributable to shareholders to $21.8 million, as the closure of Metro Tampines shaved off sales at its retail division. For the three months ended December 2007, revenue slipped 6.77 per cent to
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      • 69 7 COURTS Singapore yesterday reported a Q3 net loss of $2.35 million, from a loss of $2.42 million in the same quarter last year. This was despite sales edging up 3.3 per cent to $87.2 million for the three months ended December 2007. This
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  • Page 4 Advertisements
    • 1542 4 TRANSVIEW HOLDINGS LIMITED (Company Registration No.: *****2905Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Transview Holdings Limited ("the Company") will be held at Vanda 6, Level 6, Marina Mandarin Hotel, 6 Raffles Boulevard, Marina Square, Singapore
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  • Page 5 Advertisements
    • 2 5 WATS I
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    • 154 5 y\mazing business Cfass CJ)cafs to Europe Moscow $3400 Munich Paris London Athens Zurich Rome $3600 Milan Madrid Frankfurt Stockholm Copenhagen $4045 f!i ftsm Tenms Conditions Fares shown are per person for a round trip on Business Class. Sales Period is from 29th January to 27th February 2008. Ticket must be
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  • Page 6 Advertisements
    • 643 6 INITIAL PUBLIC OFFERING IPO closes 19 February 2008,12.00 noon Yongmao Holdings Limited ("Yongmao") designs and manufactures a wide range of towercranes and towercrane components and accessories. Yongmao's towercranes are sold mainly to construction equipment distributors and equipment rental companies in overseas markets and to construction companies and equipment rental companies
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    • 127 6 TerHlS and COnditiOnS aPPIV, ■SeeMore-KZTMore Get More. LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Nome ot Company Certificate Ho. In the Home of No. of Shores Sincere Watch Limited *****03 Toy Liam Hoong 2,868,750 ■do- *****13 -do- 573,751 ■do- *****17 -do 1 ■do- *****20
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 597 8  -  R SIVANITHY STOCKS AFIRM Tuesday session on Wall Street that enabled Hong Kong's Hang Seng Index to finish 1.3 per cent stronger was the main force driving the Straits Times Index's 23.31-point bounce to 2,949.54 yesterday. However, a 30-point dip in
      : Bloomberg  -  597 words
    • 97 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 10 3 2 0 0 0 10 lanufacturing 54 62 66 14 63 76 71 Commerce 22 18 29 28 22 32 "pt/Stor/Comms 18 11 11 19 11 12 :inance 13 13 10 Construction 16 'ro|
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    • 117 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 18.519 18.519 100.740 100.740 lanufacturing 317.488 105.431 422.919 312.805 15.015 327.820 Commerce 89.808 5.304 95.112 74.318 1.327 75.646 'pt/Stor/Comms 154.579 653 155.232 393.320 236 393.555 :inance 47.538 20 47.558 399.449 399.453 Construction 121.112 25.941 147.053 42.288 2.342 44.630 ■roperties
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    • 105 8 CapitaLand 5.860 4-0.180 Olam 2.670 4-0.030 CapitaMall 3.010 4-0.080 S IA 15.520 4-0.040 CityDev 11.600 4-0.380 SGX 9.070 4-0.230 Cosco Corp 4.200 4-0.060 SIA Engg 3.590 4-0.050 IBS Grp 16.800 4-0.020 SPH 4.390 -0.030 :&N 4.710 4-0.090 ST Engg 3.270 -0.080 Sent Intl 0.620 SembCorp Ind
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    • Article, Illustration
      913 8  -  MATTHEW PHAN NOL Feb 13 close: $3.29 CIMB-GK Research, Feb 13 NOL's full-year core net profit was 12 per cent higher than our forecast and 6 per cent above consensus. The variance came from better performances at both the liner and logistics segments. FEUs (forty-foot equivalent units) carried
      : Bloomberg  -  913 words
    • 530 8  -  LARRY WEE CURRENCIES OVERNIGHT news that billionaire investment guru Warren Buffett had offered to rescue troubled US bond insurers sponsored a more cheerful tone in financial markets yesterday. News that Mr Buffett's insurance arm is planning to reinsure troubled US monoline bond insurers to the
      : Reuters  -  530 words
    • 4 8 DAILY
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    • 52 8 Feb 13 VALUE CLOSE 38.00+336.0 BT OB/OS BT CADI -*****.00 +31.0 BT 10-day MA -*****.00 +4.00 FTSE ST Mid Cap 763.44 +1.49 FTSE ST Small Cap 683.69 +0.54 FTSE ST All Share 764.22 +4.42 FTSE ST China 537.02 +0.37 SIMSCI 362.00 +2.51 SIMSCI Futures 364.20 +5.70 PrimePartnersCI
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    • 54 8 VOLUME E3 Hlds 99,156,000 Memstar 64,680,000 Jade Tech 49,357,000 SingTel 40,311,000 Yonqnam 30,535,000 Sunmoon 28,758,000 SinqPost 26,717,000 Centillion 25,406,000 China Honqxinq 24,927,000 Biosensors 21,626,000 VALUE(S) SingTel 159,585,662 DBS Grp 151,347,804 Capita Land 104,518,410 SGX 90,397,140 UOB 89,490,401 Keppel Corp 70,061,972 Cosco Corp 57,790,421 OCBC Bk 45,527,880 STXPOKW100
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    • 102 8 BY CENTS CLOSE UP 2660 229.4 6.5 JMH Jardine C&C 1934 94.0 5.1 JSH 1512 90.6 4.4 :\t 1160 38.0 3.. China H 10US! 1670 29.7 1. MOIL 220 28.3 10.0 leloni 256 25.0 10.! Creative Tech 678 24.0 3.7 SGX 907 23.0 2.6 CIMBAsean40 100US! 974 22.7 1.7
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    • 113 8 CLOSE DOWN GLD 10US$ 8934-257.7 -2.0 Korea 10US$ 469 -22.7 -3.: StraitsAsia 335 -16.0 -4.6 STI 3350 DBePW/*****2 93 -12.0 -11.4 lain 432 -11.3 -1.i Hid. 147 -10.0 -6.4 SPC 620 -10.0 -1.6 STI 3300BNPePW*****8 42 -9.5 -18.4 STXPOKW100 258 -9.0 -3.4 GuocoLand Ltd 410 -8.0 -1.9 BY PERCENTAGE
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    • 83 8 Where S$ stands Feb 13 %CHNG CLOSE FRF* 12 YR 2008/07 S$ LOW S$ HIGH USS 1.4168 0.14 1.5479 1.4130 Euro 2.0643 -0.20 2.1639 1.9913 Pounds 2.7744 -0.39 3.1194 2.7855 AS 1.2744 0.70 1.3555 1.1741 Yen* 1.3208 0.37 1.3821 1.2285 Rupiah* 0.***** -0.07 0.***** 0.***** Baht* 4.3090 0.08 4.5700
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  • SINGAPORE NEWS
    • 371 9  -  ARTHUR SIM Deal worth 131.6 m euros; partner Citycon Oyj to manage project By GIC Real Estate, the property investment arm of the Government of Singapore Investment Corporation, has partnered Finnish retail property investment company Citycon Oyj to acquire a 40 per
      371 words
    • 467 9  -  CHEN HUIFEN Lessons to be learnt from Republic's governance model By THERE are lessons to be learned from Singapore's public administration, including how the island adapted the Western concept of democracy to suit its own conditions and progress, according to Chinese officials. The
      467 words
    • 397 9  -  WEE JUN KAI By THE man who made exclusive golf clubs more accessible to the masses now has a plan to let people reach them in style with his newest venture an aviation operation called The Flying Club. With
      CESSNA AIRCRAFT COMPANY  -  397 words
    • 411 9  -  CHEW XIANG By FEES for new students at the National University of Singapore's (NUS) law school will soar 20 per cent in the latest fee reforms announced separately by NUS and the Nanyang Technological University (NTU) yesterday. Tuition fees this year
      411 words
    • SINGAPORE ROUNDUP
      • 45 9 UPS is offering a total of US$B2,OOO for the award of four scholarships to The Logistics Institute Asia Pacific at the National University of Singapore. The scholarhips are for the dual Master of Science programme in logistics and supply chain management.
        45 words
      • 49 9 THE Singapore Management University will be hosting the International Creativity Conference in Singapore from Feb 25-29. Organised under the theme of "Creativity Across Cultures", it will see more than 200 delegates discussing how to seek and apply creative solutions in government, education, business, arts and culture.
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      • 34 9 WELLNESS trade show Beauty Asia 2008 expects a record-breaking number of exhibitors this year, as their numbers jump 30 per cent from 157 last year to more than 200.
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    • 238 9 LAST October, national feedback group Reach together with the Ministry of Finance (MOF) launched a feedback exercise to gather views on the public's wishes for Budget 2008. Over 300 responses were received through various channels such as SMS, email, forums and dialogue sessions.
      238 words
    • 406 9  -  MATTHEW PHAN By THE Economic Development Board (EDB) is keen to develop Singapore as a hub for international organisations (IOs), and has introduced tax incentives and plans to set up a training centre here, it said yesterday. LOs include foundations or philanthropic
      406 words
  • Page 9 Advertisements
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      102 words
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      145 words

  • SINGAPORE INTERNATIONAL
    • 829 10 Outlook is bright for local furniture manufacturers as they expand their sales abroad, reports CHUANG PECK MING SINGAPORE furniture makers did $1.2 billion worth of trade last year, up 16.3 per cent from 2006. Not bad for an industry that was once written off as
      FILE PHOTO  -  829 words
    • 456 10 SOME 18 Singapore furniture manufacturers turned up last month at the imm cologne 2008 furniture fair in Cologne, Germany, to showcase their high-quality products and innovative designs. Among them were: Eurosa: Set up in 1972, the company has succeeded in the global market as
      456 words
    • 448 10 FURNITURE makers who want to sell their products to the world, especially the huge European market which accounts for half the world's demand for furniture, must take part in the imm cologne furniture show in Cologne, Gemany, say Singapore manufacturers who participated in
      AP  -  448 words
  • Page 10 Advertisements
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      144 words
    • 44 10 |~J THE BUSINESS TIMES SINGAPORE Singapore Singapore International a weekly industry-focused series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com
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  • ECONOMY WATCH
    • 951 11 Bloomberg Traders see further rate reductions at FOMC meetings in March, April, June [SAN FRANCISCO] The Federal Reserve's interest-rate cuts last month have failed to lower borrowing costs for many companies and households, increasing the chance of further reductions from the central
      Bloomberg; REUTERS  -  951 words
    • 474 11 Bloomberg, Reuters, AP He tells lawmakers the economy may pick up dramatically [WASHINGTON] US Federal Reserve chairman Ben Bernanke voiced optimism in a closed-door meeting with Republican lawmakers on Tuesday that the United States would avoid slipping into a recession, Senator Charles Grassley said.
      – Bloomberg,; Reuters,; AP  -  474 words
    • 316 11 NYT NEW YORK] According to Wall Street's forecasters, the recession of 2008 is now unavoidable. That is, if you read between the lines of their predictions. In a survey released on Tuesday by the Federal Reserve Bank of Philadelphia, forecasters said on average there
      NYT  -  316 words
    • 409 11  -  ANTHONY ROWLEY Falling demand, rising prices could lead to stagflation By in Tokyo CONSUMER confidence in Japan plunged to its lowest level in four-and-a-half years last month, the Cabinet Office revealed on Tuesday. At the same time, the country's current account surplus
      409 words
    • 581 11 Bloomberg [LONDON] The International Energy Agency, an adviser to 27 industrialised nations, cut its forecast for 2008 global oil demand because of the slowing US economy and said the underlying trend was "even weaker". The agency reduced its forecast for demand this year
      Bloomberg  -  581 words

  • MALAYSIA/INDONESIA
    • 517 12 But management is unlikely to sell the mall, in Spores Little India area, anytime soon [KUALA LUMPUR] Malaysia's largest integrated automotive concern, DRB-Hicom Bhd, has received a Sslso million offer for a shopping mall it owns in Singapore's Little India area, Malaysia's Business Times reported,
      517 words
    • 310 12 Bloomberg [JAKARTA] An Indonesian court will delay its decision on Temasek Holdings Pte's appeal on an antitrust ruling to the end of March, a judge said yesterday. Indonesia's antitrust regulator said on Dec 5 that Singapore investment company Temasek Holdings and nine other related companies
      Bloomberg  -  310 words
    • 609 12 -AP, Bernama She tells hearing that she received RM3.000 from ACA [KUALA LUMPUR] A lawyer at the centre of a judicial corruption inquiry wrote a judgment in favour of his client in a historic defamation case and the presiding judge used it
      -AP,; Bernama  -  609 words
  • Page 12 Advertisements
    • 30 12 iflfll P^iA^^Kflil Pu^^b^m J^^RvSUml F^^|l Organiser: Official Make-Up: Official Hair: Official Venue: Official Website: Official Magazines: Official Outdoor Media: IffITFFTU riiß s J 1;sB& c RafflesOtv., Q, bella herworid SUian/xofnce
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  • GREATER CHINA
    • 428 13 Reuters Pressure for further price rises could keep building this year, it warns [BEIJING] China should make more use of monetary instruments such as interest rates and its foreign exchange rate to fight soaring inflation, a government think-tank said in remarks published
      ■ Reuters; AP 1  -  428 words
    • 445 13 AP YIP gambling in Macau pushes Q4 profit to USs6s.sm [LAS VEGAS] Wynn Resorts Ltd, the casino company controlled by billionaire Steve Wynn, said that it swung from a loss a year earlier to a profit of U5565.5 million in the fourth quarter,
      AP  -  445 words
    • 200 13 Bloomberg [TAIPEI] Taiwan's government plans to allow banks to invest in Chinese lenders via third-country subsidiaries "soon", said Susan Chang, vice-chairman of the Financial Supervisory Commission. The commission, Taiwan's top financial regulator, will submit a proposal to the Cabinet, which may announce new rules before
      ■ Bloomberg  -  200 words
    • 393 13 Reuters [SINGAPORE] China's freak winter will dampen the country's oil demand growth this year as factories, cars and trains suffer from the freeze, which left millions of travellers stranded, Lehman Brothers said. China's 2008 oil demand would likely expand by
      ■ Reuters; AP  -  393 words
    • 274 13 -AP He won't join ceremonies due to China's Sudan ties [BEIJING] Beijing Olympic organisers appeared to be caught flat-footed yesterday by Hollywood director Steven Spielberg's announcement that he would not be involved with the Games' opening and closing ceremonies because Beijing is not doing
      -AP  -  274 words
    • 2267 13 :eb13 RM C000) ASM Realty 0.71 \bricBhd 0.24 advance Synergy 0.18 AdventaBhd 1.33 AeMultiHIdgs 0.27 Win Holdings 2.24 Ahmad Zaki Resou 1.42 Aic Corp 0.67 \irasia Bhd 1.60 Akn Technology 0.63 alliance Financi 2.90 aluminium Co 1.12 Amalgamated Ind 0.50 AmmbHIdgsBhd 3.76 Amtel Holdings 0.87 Amway Malaysia 6.50
      2,267 words

  • INDIA
    • 556 14 ■AFP Annual meeting comes as software exporters post uninspiring profits [NEW DELHI] India's top outsourcing body holds its annual meeting this week amid mounting worries that trouble looms for the information-technology (IT) industry, hit by a muscular rupee and the US economic
      ■AFP  -  556 words
    • 469 14 -Reuters It is also looking for partnerships in Asia and Middle East [MUMBAI] Indian telecoms firm Tata Communications Ltd has formed a partnership in China for network services and is looking for similar tie-ups in Asia and the Middle East to boost
      -Reuters  -  469 words
    • 234 14 Bloomberg. [NEW DELHI] OAO Rosneft, Russia's largest crude oil producer, may buy a stake in a liquefied natural gas processing plant planned by India's Oil Natural Gas Corp, a senior Russian ministry official said. Rosneft may buy a stake in the
      ■ Bloomberg.  -  234 words
    • 207 14  -  Mr Chidambaram: Bloomberg [NEW DELHI] India's Finance Minister Palaniappan Chidambaram has asked state-run banks to boost loans for the purchase of homes and consumer goods, which he said were key to economic growth. "There is a feeling that adequate credit is not being
      ■ Bloomberg  -  207 words
    • 7872 14 UNIT TRUSTS FUNDS ABN AMRO Asset Mat (S'pore) Star Europe Eqty!** 0.895/ Star Europe Bond 1.185/ Star Europe Bal 1.143/ Star Asian Tiger Eqty 1.423/ Star Asia Bond 1.23/ Star Asia Balanced 0.989/ Star Global Technology Fund!" 0.192/ Multi St Fd 0.907/ Star Asia Bond(USD 0.867/ Gib Multi St USD
      7,872 words

  • MIDDLE EAST
    • 712 15 Bloomberg US$l b will be spent on environmental initiatives like low sulphur fuels [DALLAS] Saudi Arabia plans to spend US$9O billion over the next five years in upstream and downstream projects globally, including US$l billion on environmental initiatives like low sulphur fuels. The
      Bloomberg; BLOOMBERG  -  712 words
  • Page 15 Advertisements
    • 494 15 Middle East Business Service The opportunities for Singaporean and South East Asian businesses in the Middle East and in GCC are unprecedented. No successful business should miss on the massive growth potential. Based in Singapore and servicing the business community in Singapore and the region, Business ME provides: Business formation
      494 words

  • ASIA-PACIFIC/WORLD
    • 525 16 LAT-WP Obama impressive as he wins over pro-Hillary votes [WASHINGTON] It's not just that she keeps getting beaten. Hillary Rodham Clinton has been getting clobbered, losing again to Barack Obama on Tuesday by stunning margins in Maryland, Virginia and the District
      LAT-WP; : nytimes.com, msnbc.com, Reuters  -  525 words
    • 509 16 ■AFP [LOS ANGELES] Hollywood screenwriters could get back to work yesterday after voting to end their three-month strike, bringing to a close the US entertainment industry's most damaging dispute in 20 years. Writers Guild of America (WGA) West leader Patric Verrone said that members had
      ■AFP; AFP  -  509 words
    • 387 16 Reuters [WASHINGTON] There was a time, long ago, when a lover would buy diamonds, chocolate or roses for his beloved on Valentine's Day with a clear conscience. But life has become more complicated. For some, the romance is being overshadowed by concerns that
      Reuters  -  387 words
    • 525 16 AP LATEST US DATA 0.6% rise in business inventories in Dec comes in slightly above expectations [WASHINGTON] Americans put aside worries about the slumping US economy to go to the malls and auto dealerships in January. That propelled retail sales to a
      AP  -  525 words
    • 358 16 -AP, Reuters [CARACAS] Venezuelan President Hugo Chavez stopped oil exports to Exxon Mobil Corp on Tuesday, escalating a fight with the US company two days after threatening to cut off all supplies to America. The retaliation for Exxon's legal offensive, which
      -AP,; Reuters  -  358 words
    • 610 16 OUR sincere apologies to anyone who might be awaiting our diary entries with eagerness. We've been... busy. The howling winds, confused seas and dropping temperatures the fleet is battling off the coast of and north of Taiwan have provided such harsh conditions that we now have only
      Photo: ONEDITION  -  610 words

  • AVIATION
    • 256 17  -  YEN SREENIVASAN Ex-US diplomat Boyce to focus on strengthening its regional presence By [SINGAPORE] American plane maker Boeing has named Ralph "Skip" Boyce president of Boeing South-east Asia. Mr Boyce will focus on strengthening the company's presence in the region and supporting opportunities
      256 words
    • 195 17 [SINGAPORE] Boeing will display a wide range of commercial and defence offerings at next week's Singapore Airshow. "The new-look show is well-positioned to bring the global aerospace community together in one place," said Boeing senior vice-president of communications Tom Downey. "It gives Boeing an
      195 words
    • 340 17 Bloomberg Higher fares due to pricier fuel may cut number of travellers [NEW YORK] US airport finances may deteriorate this year amid a slowing national economy and pressures on the airline industry, Fitch Ratings said. Rising fuel costs leading to higher airfares may reduce
      Bloomberg  -  340 words
    • 557 17 Bernama [KUALA LUMPUR] Malaysia Airlines (MAS) is looking at average sales of RMI4O million (Ss6l million) to RMI6O million for the three-day Malaysia Travel Fair (MATF) that it will be holding nationwide from Feb 22-24. Senior general manager, network and revenue management, Bernard Francis
      – Bernama; AP  -  557 words
    • 173 17 -AFP [KUALA LUMPUR] Malaysia's Air Asia X will raise US$75 million by selling a 20 per cent stake in the budget carrier to private equity funds from Japan and Bahrain, an airline official said yesterday. "The money will be used to
      -AFP  -  173 words
    • 2427 17 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW). BG Biman Bangladesh A (BBC), Bl Rcyal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,427 words
  • Page 17 Miscellaneous
    • 376 17 CRYPTIC CROSSWORD ACROSS 1 Desire a short time after n To I Tj I E I p; BVfIW BW^ church for conversation (8) i^J__^J__^J__^J__Hß__MlHß^_HH__ 9 Artist during autumn depict- |H| |H| H| I' ing effect of clouds (8) MM BHIH BH 10 Infant born west of Lincoln !^J__^J__HB__HH__HH__HBMH__BH__ 11 Reasonable,
      376 words

  • SHIPPING
    • 263 18  -  VINCENT WEE PSA accounts for almost all of those gains with 2.4 million TEUs By [SINGAPORE] Singapore ports continued to grow this year as January figures from the Maritime Port Authority (MPA) showed a 13.6 per cent rise in container throughput to 2.5 million
      FILE PHOTO  -  263 words
    • 362 18 Reuters [BANGKOK] Precious Shipping PCL, Thailand's largest shipping firm, reported a less-than-expected 12 per cent rise in 2007 net profit yesterday as rising freight rates outpaced a stronger baht and lower fleet tyPrecious, which ships mainly Thai agricultural products and building materials, said in
      – Reuters  -  362 words
    • TRANSPORT STOCKS
      • 102 18 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.56 0.35 4.20 0.83 2.06 1.05 0.06 0.92 1.47
        102 words
      • 35 18 '000 Int'G Logistics MISCBhd MISC Foreign Msia BulkCarrie NCB Holdings NeplineBhd PDZ Holdings 0.90 9.60 9.60 3.94 3.00 0.23 0.17 0.01 unch 0.10 -0.04 -0.04 -0.04 unch 67 766 928 2118 294 0 85
        35 words
      • 12 18 '00 ■recious Ship Jegional Cont .30.00 .25.75 2.00 0.50 5641 1095
        12 words
      • 11 18 '000 Doil iingamas Cont .42.15 ...2.32 0.85 -0.11 1422 2490
        11 words
      • 22 18 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.50 34.50 unch unch 0.20 -1.50 unch unch 656 247 0 0
        22 words
      • 23 18 Evergreen Marine ....24.20 :irst Steamship 59.00 /Van Hai Lines 22.70 r"ang Ming Marine ..19.10 -0.40 -0.20 0.10 -0.60 13 11 7 17
        23 words
      • 37 18 '000 :awasaki Hvy Ind ..225.00 2.00 ***** :awasaki Kisen ...1038.00 44.00 9989 /litsubishi Hvy 412.00 4.00 ***** /litsui Eng&Sbldg ..292.00 13.00 ***** /litsuiOsk Lines ..1403.00 66.00 ***** lippon Express 574.00 -5.00 4155 lipponYusen 968.00 20.00 *****
        37 words
    • 279 18 AFP [ATHENS] Greece ground to a standstill yesterday as the country's two largest unions and thousands of white-collar professionals staged a 24-hour general strike against an ongoing government pension reform. The strike paralysed air traffic, trains and passenger ships, disrupted public services
      AFP  -  279 words
    • 98 18 Bloomberg [HONG KONG] Swire Pacific Ltd's offshore unit ordered eight vessels from China's Qingdao Qianjin Shipyard for about US$lOO million as rising oil prices boost demand for exploration and drilling support ships. Swire Pacific Offshore Holdings Ltd will receive the ships between 2010
      Bloomberg  -  98 words
  • Page 18 Advertisements
    • 822 18 JTC Corporation is inviting companies to submit proposals for the development of stack-up V^ 1 i^Jl factories at Tanjong Kling. This project allows private sector developers to design, develop, market and lease stack-up factories for industrialists and end users engaged in Business 2 (General) usage. The successful company will be
      822 words
    • 74 18 ARE YOU SINGLE BORED? NOT IF YOU ARE AT 91.3 ST. VALENTINE'S DAY MASSACRE PARTY THIS COMING 14.02 VALENTINE'S DAY! 1 PURE FUB St. Valentine's Day massacre —--rL*_ 'ft WHO YOU &YOUR FRIENDS ARE INVITED* WHERE bjone: MARRIOTT HOTEL WHEN 14 FEBRUARY 2008 TIME 8:00 PM TO 10:00PM HOW LOG
      74 words
    • 59 18 ■Jj^^B^SW^^O, >^rr,^-.:^^^^,^^...,. c: r H I: ftAIUA j^P^ BRAND UvINW LNV new CAN A HIGH PERFORMANCE .M -J LOOK CAR BE GREEN? J»> -J GET READY FOR Fl I^\ MOVERS* wawwnL IjHaM) EFFACE I BfI B i^tt SHOW HIGHLIGHTS I TOKYO AUTO SA A Id M 1 THE CARS AND
      59 words

  • BizIT
    • 619 19 WORLD MOBILE CONGRESS, BARCELONA: They are hoping to attract overseas clients with the assistance of IDA, writes WINSTON CHAI NINE Singapore "Davids" are locking horns with the goliaths of the telecom industry in a battle for visitor attention at the world's biggest
      WINSTON CHAI  -  619 words
    • 355 19  -  WINSTON CHAI in Barcelona SMART phones often come at a price but a local firm has managed to pack in features like instant messaging and e-mail into a handset costing no more than $50. Mainboard-listed contract manufacturer Jurong Technologies, along with chipmaker Infineon
      355 words
    • 574 19 Reuters [BARCELONA] Yahoo Inc ousted archrival Google Inc as T-Mo-bile's top Internet partner in Europe as it unveiled a service to squeeze social Web connections on to mobile phone screens, a day after rebuffing a U5544.6 billion takeover bid from Microsoft Corp. The
      – Reuters  -  574 words
    • 379 19  -  AMIT ROY CHOUDHURY T\ T^ f~\ i T Tl Ci Good facilities convinced the firm to move here By i VIDEO games giant Übisoft plans to open a full-fledged development studio in Singapore the biggest in the region. It will be the 18th
      379 words
    • 488 19  -  ONG BOON KIAT By NOKIA will be selling downloadable digital music in Singapore later this year. At the company's Showcase Nokia 2008 event in Sydney this week, the Finnish mobile phone equipment maker said that it will make Nokia Music
      488 words
    • 260 19 NYT [SAN FRANCISCO] Microsoft said this week it would acquire Danger, a maker of consumer smartphones, an indication that the software giant is quickly moving to expand its mobile strategy. The acquisition came after an on-again, off-again series of talks with Danger, based in Palo Alto,
      NYT  -  260 words
  • Page 19 Advertisements

  • EDITORIAL & OPINION
    • 502 20 DEVISING an annuity scheme that would pay an income for life and leave any excess funds to one's beneficiaries as well has always been a challenge for insurers. That Singaporeans needed an annuity scheme was not in question. But what was needed was a
      502 words
    • 981 20  - World may see a repeat of 'Japanese malaise ANTHONY ROWLEY Deflation can rear its head as governments plunge deeply into debt to rescue banks A FEW years ago, it seemed quite possible that other major economies would catch the "Japanese disease" of deflation as Chinese and other emerging economy products
      981 words
    • 750 20  -  ROBERT SAMUELSON The Washington Post Writers Group THE BOTTOM LINE THE US$3.l trillion budget submitted last week by US President George W Bush with a projected US$4O7 billion deficit for 2009 should remind Americans of the huge gap between uplifting political rhetoric
      The Washington Post Writers Group  -  750 words
    • 1438 21  -  DAVID SANDISON HO KAH CHUAN Shift towards a group tax incentive approach may be necessary to attract more investments from conglomerates, MNCs By and ITH the spread of globalisation, conglomerate structures have become the norm for multinational corporations (MNCs). As corporate group structures or
      FILE PHOTC  -  1,438 words
    • 969 21  -  BRUCE WALLACE -LAT-WP By IN JAPAN, the country that gave the world innovations such as instant noodles and the Sony Walkman, science has always been seen as a profession that is supposed to produce something useful. The Japanese celebrate the tinkerers and technicians, the
      -LAT-WP  -  969 words
    • 199 21  -  Narayana Narayana LETTER TO THE EDITOR IT comes as a surprise to read Frankie Tan Jock Tee's letter "Cap the IPO shares one can apply for via ATM" (BT, Feb 5). It conveys the impression that allotment of IPO shares via
      199 words

  • Page 21 Advertisements
    • 25 21 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES
      25 words

  • SINGAPORE STOCKS
    • 7074 22 Transaction date: Feb 13 52-wks Tel |h Low Code Last Sale Vol t'ooo) Hi. Day Last Quote |h Low Buyer Seller Div GrYld Net C'vr P/E M Cap $mil Hii Com[ 22 6.5 iiJ! sKSt^:::::::::::::::::::::::: II I 107 98 6389 ABF SG Bond ETF 30 13.5 1938 AEI
      7,074 words
    • 70 22 Hii Low Code Comi Sale COOO) Hii Low Bu< Seller C'vr P/E Sim 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 IS S&P5OO ***** ***** 6170 SPDRS 3983 297.5 6009 STI ETF 3977.9 2962.9 6010 STI
      70 words
    • 2031 22 Hii |h Low Code Comi >an' Sale C000) Hii Low By rer Seller C'vr P/E $mi 30 11.5 1181 s AAGrp 415 18 5000 sABRHIdgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System 35.5 27 3518 s Afor 70.5 12 1524 s Alantac 22.5 8.5
      2,031 words
    • 197 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
      197 words
  • Page 22 Advertisements
    • 29 22 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gMj ;3& fH 9 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. Internet: Http://www.audemarspiguet.com I
      29 words

  • FINANCE & COMMODITIES
    • 365 23 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb12 World Index Preliminary 1024.6 1.9 -9.5 1.8 -10.7 2.1 -9.1 EAFE Prel liminan 987.6 2.5 -11.9 2.5 -12.6 2.8 -11.1 Eun Preliminary 1369.6 3.4 -11.3 3.7 -13.0 4.0 -11.5 Pacific 832.6
      365 words
    • 131 23 As at 9am Feb 13 Singapore dollars to one unit if foreign currency: Currencies Bid Offer Uist dollar 1.2720 1.2870 .an dollar 1.4060 1.4230 luro 2.0520 2.0750 IZ dollar 1.1100 1.1330 Sterlin ind 2.7560 2.7870 )S dollar 1.4080 1.4240 .ocal dollars to 100 units if foreign
      131 words
    • 161 23 Feb 13 fer Overnight 1 1-month 11/2 2-months 1 1/2 3-months 1 9/16 Overnight mode: 1 3/16 US$ Offer 7/8 1 3/8 1 3/8 1 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 3.15 3.18 3.15 3.13 3.00 2.95
      161 words
    • 22 23 Feb 13 STI ;iMSCI Feb 364.9 368.2 364.2 "aiwan Feb 297 298.2 293.1 Source: MF Global (S) Pte. Ltd
      22 words
    • 22 23 Feb 13 s$ Bid Offer 1-month 1.4138 1.415 2-months 1.4119 1.4131 3-months 1.4105 1.4118 6-months 1.4062 1.4075 Source: OCBC
      22 words
    • 156 23 Feb 13 Against SS lurrencies Bid Offer Against USS Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.2754 1.2769 0.9008 0.9012 Canadian dollar 1.4135 1.4151 0.9983 0.9987 luro 2.0586 2.0602 1.4539 1.4540 IZ dollar 1.1137 1.1160 0.7866 0.7876 jterlim 2.7706 2.7730 1.9568 1.9571 IS
      156 words
    • 355 23 Feb 13 OPEN HIGH LOW SETT VOL OP/INT iURODOLLAR FUTURES VlarO8 lunO8 iepO8 3ecO8 97.135 97.580 97.680 97.625 0 0 0 0 ***** ***** ***** 6648 EUROYEN FUTURES VlarO8 99.165 99.165 lunO8 99.300 99.305 >epO8 99.410 99.410 3ecO8 99.400 99.410 VlarO9 99.350 99.355 lunO9 99.285 99.290B >epO9
      355 words
    • 290 23 Feb 13 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Mar 08 Apr 08 May 08 Jun 08 Jul/Sep 08 Oct/Dec 08 393.75 396.50 396.50 396.50 396.50 396.25 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      290 words
    • 102 23 Feb 12 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 08 1321.00 1326.00 1334.00 1307.00 May 08 1338.50 1345.50 1351.00 1325.00 Jul 08 1349.25 1354.50 1361.50 1334.00 Aug 08 1335.00 1338.00 1344.00 1322.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low MarO8 55.66 55.30 55.71 55.15
      102 words
    • 76 23 CRUDE OIL PRODUCTS Feb 12 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 93.29 -0.35 WTI (Near Mth) 92.65 -0.92 Dubai (1-Mth F) 88.64 1.23 Tapis blend 98.7 1.3 Minas 94.75 1.3 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 91.77 107.60 0.45 1 US$/barrel Opec Oil
      76 words
    • 465 23 Feb 13 Rm Euro HK! Im Rs Ru| Yen Won RM NZ! Pal Rs Peso Ram NT: Bal it Poum us: Australia 0.902 6.487 0.620 7.029 35.810 83.433 0.967 8.522 2.916 1.145 56.722 36.851 1.276 6.971 0.995 28.505 29.629 0.460 0.901 Canada 1.108 7.189 0.687 7.789 39.685
      465 words
    • 87 23 Feb 13 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****T 15.05.08 1-Year BY*****A 29.09.08 1.40 1.47 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****X 3.125
      87 words
    • 171 23 Feb 13 (US! f/oz) Feb 13 Feb 12 (SK Sellim Bu' tin. Hong Kong 898.00 919.00 899.00 920.00 Feb 12 Feb 11 London 915.30 920.45 916.20 921.15 Source: Reuters pjj veiling puyniq 1 oz 1432.73 1291 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $502.90 412 SILVER Selling
      171 words
    • 75 23 Febl3 (US$) (SS) 3.***** 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** 1 mth 2 mths 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 9 mths 12 mths 2.***** 2.***** 2.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.*****
      75 words
    • 57 23 Fetn Delivery Month Opening Range Sett Av Price Price Hii Low Vol Open Done Position Feb 08 3341 478 Mar 08 3385 3356 3390 3333 609 8586 Apr 08 3391 3360 3403 3338 5227 ***** May 08 3387 3350 3402 3338 1883 ***** Total o/p: ***** contracts Turnover:
      57 words
    • 68 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2613.00 2648.20 3 months 2654.00 2690.00 Copper, Grade A (US$/tonne) Cash 3 months 7921.00 7888.00 7795.00 7765.00 Lead (US$/tonne) Cash 3082.00 3 months 3065.00 3049.50 3030.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 unch Tin (US$/tonne) Cash 3 months *****.00
      68 words
    • 77 23 Feb 12 (£/tonne) Close Prev Hii ih/Low Mar 08 1258 1247 1272/1251 May 08 1283 1271 1298/1274 JulO8 1308 1297 1320/1301 SepO8 1294 1282 1305/1288 COFFEE (US$/tonne) Close Pev High/Low Mar 08 2197 2210 2230/2193 May 08 2227 2238 2259/2222 JulO8 2243 2255 2275/2240 SepO8 2243 2251 2260/2239 SUGAR
      77 words
    • 2114 23 BONDS WARRANTS Fel lode Company el lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left 3612 DBS RB ECW*****0 7.5 8705 DBS RB ECW*****6 3.5 1.5 160 0.5 100 0.1 1880 0.1 2100 2 4 2073 STI 2800 DB EPW*****3 9.5
      2,114 words

  • Page 24 Advertisements
    • 3234 24 m The Business Times Shipping Times M WwWi Wh&MSM FTfl 333! Mil WAN HAI INTERNATIONAL PTE LTD CRN0M**********/R W A^V B5*E ll'WWffl'YPfn'riil'Ha'ni? 101 ItrTrTV II a I hup* TEL:*****588 (14 LINES) FAX:*****163 V II .^"7T7TIr7*CTTS HV ■g^H EljSSiUfi I\AM^WAN HAI INF\ Cusloinei Servi« e /B»ol<ings Dii«l Line (1800) 6226)200 •ll^TA^^i-M
      3,234 words

  • Page 25 Advertisements
    • 1491 25 r* I Q T -1 qG ia /(> liliii|Ksffl| For further assistance, please contact: Zim Logistics S.E.A. Re Ltd M?M;\ 70 Shenton Way #10-02 Marina House Singapore *****8 mm Tel: 6317 2109 Fax: *****070 Email: general@zim-logistics.sg Website: www.zim-logistics.com.sg ,!\liri AUSTRAL ASIA LINE websile:hllp://www.auslralasialine. C om f-C-1 I asia AUSTRALIA SERVICE
      1,491 words
    • 1548 25 WEEKLY EXPRESS SAILING SCHEDULE VESSEL VOY PKL SIN KHI DXB BAB DMM BIK KHO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS RHONEBORG PCLB247 27/02 1i5702 SKIP 07/03 09?03 ***** ***** ***** VESSEL I VOY I SIN I PKL I [MB I NSA I "ti~ SIMA PRIDE PCLB2S2 27/02
      1,548 words

  • Page 26 Advertisements
    • 3168 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
      3,168 words

  • PROPERTY
    • 933 27 Reuters Move will encourage foreign real estate funds to partake in construction boom [HONG KONG] India could follow other Asian countries this year in creating a market for real estate investment trusts (Reits), making it easier for investors to buy into the country's
      ■ Reuters; AFP  -  933 words
    • 380 27 Reuters [WELLINGTON] New Zealand house prices fell and sales dropped in January as the previously hot market continued to cool, the Real Estate Institute of New Zealand (Reinz) said yesterday. The Reinz national median house price fell 1.4 per cent to NZ5340,000
      ■ Reuters  -  380 words
    • 425 29  -  ARTHUR SIM Prime office rents rose 78% last year to U*****.48 psf per annum: report By SINGAPORE has jumped 10 places to become the world's seventh-most expensive office location. According to Cushman &Wakefield's (C&W) report on office occupancy costs, prime office rents rose
      FRANCIS ONG/THE STRAITS TIMES  -  425 words
    • 600 29 Bloomberg [LOS ANGELES] Global commercial real estate sales rose to US$l.O4 trillion for the first time last year, driven by Blackstone Group LP's purchase of Equity Office Properties Trust and land transactions in Asia. One third of the total was office space, with
      ■ Bloomberg; AFP  -  600 words
    • 1223 30  -  KALPANA RASHIWALA Consultants project smaller DC rate rise for residential and commercial use By THE coming March 1 revision of development charge (DC) rates payable to enhance the use of sites or build bigger projects on them is generally expected to be
      TERENCE TAN/THE STRAITS TIMES  -  1,223 words
  • Page 27 Advertisements
    • 412 27 H EiiHl \lJi Sag the armouries Berkeley Homes is proud to invite you to an 'Iw'^ij- exhibition at The Singapore Marriott Hotel to il'^/^likV\h.. I celebrate the launch of the latest phase of A vibrant new river quarter, offering contemporary studio, one, two and three bedroom apartments L^^^^_j Cutting-edge architecture,
      412 words

  • Page 28 Advertisements
    • 121 28 f lir Bill lIPMIMP III'IMMIIWIM The amazing success story of Marina Bay Residences continues with the finest living in Marina Bay. 1 [ffl MARINA BAY SUITES SINGAPORE For your invitation to an exclusive preview, call (65) 6535 3113 todayorvisitwww.marinabaysuites.com Marina Bay Suites is brought to you by the leading developers
      121 words

  • Page 29 Advertisements
    • 581 29 l^y&»SEllk^^ sayills 5p S» iiffi JvT Tel: 6536 5022 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN AREA PRICE PSF PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN AREA PRICE PSF PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN AREA PRICE PSF STREET NAME TYPE DATE (SQ FT) (S$'OOO) (Ss) STREET NAME TYPE DATE (SQ FT)
      581 words
    • 42 29 Nice plot, 7373 sq.ft, Own stay with re-development potential Freehold, South East facing Mins walk to Novena MRTV Orchard/ Top School DON'T MISS! View To Offer Eunice Chew 9730 3338 DWG Lianhe Zaobao I «£ikfirtliß I Bread Talk's new CEO I corporate
      42 words

  • Page 30 Advertisements
    • 250 30 i i i 1111 1111 1111 1111 1111 1111 ~^^B H Take indulgence to a whole new level. For those who have always dreamt of taking to H the skies, The Flying Club will put you behind the M uSI^AS E^ft l^l*' jl AS controls of the latest Cessna aircraft.
      250 words