The Business Times, 15 February 2008

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Microfilm: NL28831
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA(P) 122/12/2007 Friday, February 15,2008
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  • Article, Illustration
    Lock icon Slower growth, higher prices and uphill climb ahead
    872 1  -  ANNA TEO 2008 growth forecast cut to 4-6% in shadow of US uncertainty By [SINGAPORE] The Singapore economy will see lower growth and higher inflation this year, but remains well-poised to ride the upturn when it comes, says the Ministry of Trade
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  • Article
    Lock icon Jurong Shipyard cuts its losses by settling with 9 banks
    629 1  -  CONRAD RAJ SEMBMARINE FOREX LOSS CASE Banks settle for US$9.l m against initial payout claims of USss3.4m By [SINGAPORE] Dogged for months by the saga of "unauthorised" foreign exchange transactions at its subsidiary Jurong Shipyard, SembCorp Marine found some reason
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      46 1 lursi iam ICOMP 1,436.10 +12.95 IIKKEI225 13,626.45 +558.15 IANG SENG 24,021.68 +852.13 ;et INDEX 832.11 +2.70 JAKARTA COM P 2,675.65 +64.86 IANILACOMP 3,211.60 -11.75 ;eoulcomp 1,697.45 +65.67 ;henzhen B 661.05 +1.94 IUMBAI IND 17,766.63 +817.49 11AM EDT Change 12,478.92 -73.32 )OW IAS DAI 2,359.48 -14.45
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    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.75 INDONESIA 15.882 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 6.00 CANADA 5.75 SWITZERLAND 4.50 INDIA 12.50 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      40 1 us$ s$ IS$ (S$ US$1 1.417 (USS/SS ii 1.970 2.791 ;URO(US$/S$/E) 1.462 2.071 'EN 108.20 76.40 3.234 2.283 IK$ 7.801 5.506 !AHT 32.78 23.13 lUPIAH 9,249 6,528 1ENMINBI 7.189 5.074 INDIAN RUPEE 39.66 27.99 1.105 0.780 IZ$ 1.269 0.896
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      3 1 8 *****1 *****4
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      47 1 jr""*""^ ÜBS MALAYSIA DBS CT^ll CORPORATE Record Q4 loss after Elections on Why Frank Wong RESULTS j|||fXiJßfifc USsl3.7b writedown March 8 is retiring s F&NQI profit up 42% PAGE 15 PAGE 11 PAGE 5 PAGE 7 liiiinßlH fe 'H B^. --^:'il Thailand toasts its budding wine business
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  • TOP STORIES
    • Article, Illustration
      Lock icon Volatile market may see FJB close 5 shops
      459 2  -  ARTHUR SIM By [SINGAPORE] FJ Benjamin Holdings (FJB), which expanded rapidly in the previous quarters with new brands like GAP and Banana Republic, will see less expansion activity this year and there is even a possibility that it may close around five
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    • Article
      Lock icon US economic outlook has worsened: Bernanke
      601 2 -AP Fed chief signals that he is ready to lower key interest rate [WASHINGTON] Federal Reserve chairman Ben Bernanke told Congress yesterday that the United States' economic outlook has deteriorated and signalled that the central bank is ready to keep on lowering a key
      -AP  -  601 words
    • Article
      Lock icon Battle for Straits Trading hots up as Lees raise offer
      448 2  -  CHEN HUIFEN Family pitches revised bid at $6.55 a share By [SINGAPORE] The tussle for The Straits Trading Company looks set to intensify as the Lee family yesterday raised its offer price to $6.55 per share. The revised offer, made
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    • THREE-MINUTE DIGEST
      • Article
        Lock icon Govt raises 2008 CPI forecast, eyes peak in H1
        65 2 SINGAPORE'S inflation will get worse before it gets better, the Ministry of Trade and Industry said yesterday, expecting inflation to peak in the first half before moderating in the second half. The government raised its full-year forecast for the headline consumer
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      • Article
        Lock icon DBS' Frank Wong to retire at end of the year
        80 2 THE changing of the guard has begun at DBS Group Holdings. Incoming chief executive Richard Stanley will join from Citibank on May 1. And DBS chief operating officer and vice-chairman Frank Wong will retire at the end of the year.
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      • Article
        Lock icon SGX to tighten enforcement of securities trading
        62 2 THE Singapore Exchange is proposing new measures to tighten its enforcement of securities trading here, which could see it raising minimum penalties and speeding up on crackdowns on violations. And the exchange is inviting the public to share its feedback on these proposed
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      • Article
        Lock icon WBL Q1 earnings soar to $40m on divestment gain
        74 2 HELPED by a one-time divestment gain and improved efficiency in its businesses, WBL Corp yesterday reported a first-quarter net profit of $40.2 million, more than five times the $7.4 million in the year-ago period. Group sales for the three months ended
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      • Article
        Lock icon Industrial site draws 12 bids, top offer of $142 psf ppr
        82 2 A 60-YEAR leasehold industrial site at Playfair Road has attracted a top bid of $142 per square foot per plot ratio from Sim Lian Development unit Trio Link Development a record price for such a site in the Übi/Paya
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      • Article
        Lock icon WTO condemns China's commercial practices
        70 2 THE World Trade Organization has issued its first official condemnation of Chinese commercial practices, siding with the US, EU and Canada in a dispute over car parts. The WTO found that China was breaking trade rules by taxing imports of car parts at the same
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      • Article
        Lock icon New foreign investors buy 20% of AirAsia X
        60 2 TWO new foreign investors in the form of the Middle East's Manara Consortium and Japanese Orix Corporation have acquired 20 per cent of Malaysian long-haul low-cost carrier Air Asia X for a total of RM2SO million (*****.5 million) cash. Bahrain-based Manara and
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      • Article
        Lock icon China curbs on bank loans could boost bond market
        66 2 HOPE springs eternal, no more so than among the boosters of China's bond market. Badly handled regulatory reforms and an underdeveloped credit culture would seem to portend another poor year for new issuance, but optimists believe strict caps on bank lending
        66 words
    • Article, Illustration
      Lock icon Govt raises inflation forecast, sees peak in H1
      610 4  -  LYNETTE KHOO Forecast upped to 4.5-5.5% as Spore feels effect of rising food and oil prices By [SINGAPORE] Singapore's inflation will get worse before it gets better, the Ministry of Trade and Industry (MTI) said yesterday, expecting inflation to peak in the
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    • Article
      Lock icon Why S'pore trade breaks ranks with GDP
      471 4  -  CHEW XIANG Three researchers shed light on a conundrum By [SINGAPORE] Three researchers have explained in an article yesterday why Singapore's GDP and trade growth diverged in the past year. The two figures have tended to move in lock step for export-reliant Singapore,
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    • Article
      Lock icon Manufacturing to ease in 2008: MTI
      614 4  -  LYNETTE KHOO By [SINGAPORE] After growing at an easier pace of 5.8 per cent last year down from 11.9 per cent in 2006 the manufacturing sector here is expected to moderate further this year as the US economy slumps, the Ministry of Trade and
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      301 2 Big Picture With Budget Seminar 2008 Date: Friday 22 February 2008 Time: 9:ooam to s:oopm (Re^raisoittegfosat&Msm) Venue: Singapore International Convention Exhibition Centre Level 2, Ballroom 2,1 Raffles Boulevard, Suntec City, Singapore *****3 (City Hall MRT Station, Exit X) What does Budget 2008 mean to your business? How will it affect
      301 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
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      80 3 East Coast Parkway (ECP) To Changi Airport I IJdif fT WW Another prestigious residential development brought to you by: A |"71 I C<a|> Pscf Ofn^niT^lfinn Developer -Natwest Development Pte. Ltd. Company Registration No. *****2762W Tenure of land: 99 years from 28.04.20 M 1^256L of TS 2 a McCallum Street Developer's
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      151 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon DBS' Frank Wong to retire end of the year
      564 5  -  CHOW PENN NEE Move not related to anything other than his wish to retire: DBS By THE changing of the guard has begun at DBS Group Holdings. Incoming chief executive Richard Stanley will join from Citibank on May 1. And DBS
      FILE PHOTO  -  564 words
    • SINGAPORE MARKETS
      • Article, Illustration
        Lock icon ST Index regains 3,000 level
        560 6  -  R SIVANITHY STOCKS Third consecutive increase brings index to 3,045; finance leads sectors' advance HAVING lost 209 points in three consecutive days of heavy selling that straddled the Chinese New Year holidays, the Straits Times Index (STI) has now regained 177 points in the three
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      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        95 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 10 3 4 0 0 0 10 3 4 Manufacturing 111 41 48 12 10 123 46 58 Commerce 42 14 15 50 16 21 Tpt/Stor/Comms 27 29 Finance 25 25 Construction 10
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      • Article
        Lock icon SECURITIES TRADING TURNOVER
        121 6 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 25.156 25.156 125.686 125.686 Manufacturing 417.391 34.654 452.045 374.565 5.275 379.839 Commerce 97.450 6.813 104.263 98.365 1.962 100.326 Tpt/Stor/Comms 160.294 2.259 162.553 516.366 884 517.249 Finance 53.546 53.553 547.307 547.308 Construction 107.713 15.209 122.922 42.684
        121 words
      • Article
        Lock icon STRAITS TIMES INDEX STOCKS
        108 6 CapitaLand 6.200 4-0.340 CapitaMall 3.080 4-0.070 CityDev 12.020 4-0.420 Cosco Corp 4.480 4-0.280 DBS Grp 17.300 4-0.500 F&N 4.930 4-0.220 Gent Intl 0.630 4-0.010 HK Land 4.350 -0.010 JSH 15.900 4-0.780 Jardine C&C 20.500 4-1.160 Keppel Corp 10.500 4-0.360 Keppel Land 6.200 4-0.310 NOL 3.480 4-0.190
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      • Article, Illustration
        Lock icon BROKERS' TAKE
        906 6  -  r MATTHEW PHAN Tat Hong Feb 14 close: 552.87 Citigroup Research, Feb 13 A STRONG Q3 FY08: Tat Hong (TH) delivered a strong set of numbers for the quarter with revenues up 17 per cent year-on-year to SslsB million, while net income was up 20 per cent year-on-year
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      • Article, Illustration
        Lock icon Yen losses resume after Wall Street gains
        527 6  -  LARRY WEE CURRENCIES A STRONGER-than-expected January retail sales outcome extended Wall Street gains once more overnight, lifting the mood significantly for global bourses and riskier carry trades on the currency front. In Asian trading yesterday, the US dollar elbowed its way back above
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      • Article, Illustration
        Lock icon STRAITS TIMES INDEX
        4 6 DAILY
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      • Article
        Lock icon OTHER SINGAPORE INDICES
        50 6 Feb 14 VALUE CLOSE 302.00 +264.0 BT OB/OS BT CADI -*****.00 +280.0 BT 10-day MA -*****.00 +30.00 FTSE ST Mid Cap 788.44+25.00 FTSE ST Small Cap 692.93 +9.24 FTSE ST All Share 787.22 +23.00 FTSE ST China 559.72 +22.70 SIMSCI 374.06+12.06 SIMSCI Futures 375.90+11.70 PrimePartnersCI 184.96 +7.33
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      • Article
        Lock icon MOST ACTIVE STOCKS
        60 6 VOLUME Sin; iTel 51,006,000 STXPOKW100 42,118,000 China Honi ixini 37,169,000 Yam jzijian< 35,130,000 JiutianC 33,000,000 Lian Beni 32,612,000 E3 Hlds 32,334,000 Sunmoon 29,496,000 JES 25,949,000 Celestial 24,865,000 VALUE(S) Sini iTel 203,308,684 DBS Gri 202,200,165 SGX 152,629,254 Ca| Land 128,851,413 STXPOKW100 119,958,770 UOB 111,098,294 Kei il Con 78,302,010
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      • Article
        Lock icon RISES
        104 6 CLOSE UP 2800 198.3 5.3 JMH Jardine C&C 2050 116.0 6.0 JSH 1590 110.5 5.2 China H 10US$ 1740 99.1 4.2 GLD 10US 9000 93.5 0.7 UOB 1786 66.0 3.8 SIA 200 1590 60.0 3.9 SGX 963 56.0 6.2 DBS Gr| 1730 50.0 3.0 S I A 1600 48.0
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      • Article
        Lock icon FALLS
        119 6 CLOSE DOWN 685 -35.4 -3.5 Thai Prime Fd Creative Tech 652 -26.0 -3.8 SPC DB eCW*****0 4 -25.5 -86.4 Tat Honi 287 -22.0 -7.1 Olam 255 -12.0 -4.5 STI 3450 DBePW*****2 99.5 -11.5 -10.4 STI3150DBePW*****3 35 -10.5 -23.1 Ca| ilanMBLePW***** 48.5 -9.5 -16.. HSI*****SGAePW*****8 46.5 -9.0 -16.2 STI 3100SGAePW*****8
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      • Article
        Lock icon CURRENCIES
        85 6 Where S$ stands Feb 14 CHNG CLOSE FRF* 13 YR 2008/07 S$ LOW S$ HIGH USS 1.4173 -0.04 1.5479 1.4130 Euro 2.0714 -0.34 2.1639 1.9913 Pounds 2.7911 -0.60 3.1194 2.7855 AS 1.2810 -0.51 1.3555 1.1741 Yen* 1.3088 0.92 1.3821 1.2285 Rupiah* 0.***** -0.63 0.***** 0.***** Baht* 4.3276 -0.43 4.5700
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    • Article
      Lock icon A sustainable rally or a bear trap?
      782 7  -  R SIVANITHY BEAR trap or sustainable rally? This must be the question uppermost in the minds of all stock-market players after watching the rally of the past three days that has taken the Straits Times Index (STI) up 177 points or 6.2 per
      782 words
    • Article, Illustration
      Lock icon F&N posts 41.8% rise in Q1 net profit to $108.6m
      680 7  -  CONRAD RAJ By FRASER Neave has gotten off to a good start in the current financial year by reporting a 41.8 per cent jump in net profit to $108.6 million for the first quarter ended Dec 31, 2007, from $76.6
      680 words
    • Article
      Lock icon SGX seeks feedback on enforcement measures
      429 7  -  MICHELLE QUAH Proposals include raising penalties, faster crackdowns on violations By THE Singapore Exchange (SGX) is proposing new measures to tighten its enforcement of securities trading here, which could see it raising minimum penalties and speeding up crackdowns on violations. It is inviting the
      429 words
    • Article
      Lock icon Divestment gain boosts WBL earnings
      453 7  -  CHEN HUIFEN Q1 net profit of $40.2 m; group cautiously upbeat By HELPED by a one-time divestment gain and improved efficiency in its businesses, WBL Corp yesterday reported a first quarter net profit of $40.2 million, more than five times the $7.4 million in the
      453 words
    • Article
      Lock icon Australand's 2007 profit rises 11 %
      83 7 Australand's 2007 profit rises 11 Bloomberg [SYDNEY] Australand Property Group, Australia's fourth-biggest residential developer, said 2007 profit rose 11 per cent and forecast that earnings growth will slow this year. Net income increased to A 5269.2 million (*****.6 million), or 29 cents a share, in the 12 months ended Dec
      Bloomberg  -  83 words
    • Article, Illustration
      Lock icon Olam plans trust backed by agricultural assets
      476 8  -  MATTHEW PHAN Q2 profit up 26% as revenue rose 33.2% but expenses also jumped by over 50% By OLAM International plans to publicly list a trust backed by agricultural assets within two to three years, its chief executive Sunny Verghese said yesterday, as
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    • Article
      Lock icon Portek in the red with $1.1m loss in first half
      348 8  -  VINCENT WEE By PORTEK International found itself in the red for the first half ended Dec 31, 2007 with a net loss of $1.1 million, against a net profit of $1.7 million for the previous corresponding period. The port operator
      348 words
    • Article
      Lock icon Challenger earnings rise 56% as annual revenue tops $136m
      280 8  -  ONG BOON KIAT By BULLISH retail climate and a shopfront expansion strategy were cited as Challenger Technologies surpassed $100 million in annual revenue for the first time in its 23-year history The longstanding Singapore IT retail chain, established in 1984 and
      280 words
    • Article
      Lock icon At a glance
      77 8 Full year ended Dec 2007 year en ffjRjTf^j 1 EB Australand PG 279.13 235.90 18.3 1,467.37 1,339.88 9.5 China Fishery 127.26 68.98 84.5 584.36 224.39 160.4 Gallant 14.72 21.14 -30.4 234.30 258.96 -9.5 Challenger 7.06 4.53 55.8 136.09 92.31 47.4 Intraco 3.78 6.07 -37.8 364.69 407.71 -10.6
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    • Article
      Lock icon At a glance
      177 8 Halt year ended Dec 2007 year en 1 HI IB Olam 47.07 38.17 23.3 3,324.97 2,367.49 40.4 Fung Choi 22.23 23.71 -6.3 120.17 98.36 22.2 AusGroup 15.34 10.44 47.0 256.01 159.63 60.4 FJ Benjamin 12.37 13.75 -10.1 176.78 126.60 39.6 Sun East 11.60 8.64 34.2 35.23 24.72
      177 words
    • Article
      Lock icon Eu yan Sang Q2 profit dips 7.6%
      307 8  -  CHEW XIANG By TRADITIONAL Chinese medicine company Eu Van Sang yesterday reported a 7.6 per cent drop in net profit to $3.11 million for its second quarter to Dec 31, 2007. Revenue rose 12 per cent year-on-year to $50.9 million, but cost of
      307 words
    • COMPANY BRIEFS
      • Article
        Lock icon SingXpress spends $37.9m on acquisitions
        59 8 SINGXPRESS yesterday announced that it has agreed to acquire Singapore Service Residence Pte Ltd, SingXpress International Pte Ltd and Anglo French Travel Pte Ltd, as well as the loan advanced to two of the target firms. The total consideration for the acquisitions is $37.9 million,
        59 words
      • Article
        Lock icon AusGroup's interim profit up 47%
        70 8 AUSGROUP, an engineering service provider for the oil and gas and resource mining sectors in Australia, saw its profitability increased for the half year ended Dec 31, 2007. Net profit jumped 47 per cent to A 512.1 million (5515.5 million) while revenue increased 60.4 per
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      • Article
        Lock icon Fung Choi net rises marginally
        36 8 FUNG Choi Media Group has reported a 0.4 per cent gain in its Q2 net profit to HK$62 million (Ssl 1.3 million). Revenue went up 24.8 per cent to HK5349.8 million.
        36 words
      • Article
        Lock icon Afor earnings climb 34.3% at half-time
        56 8 AFOR Ltd, a one-stop premium retailer specialising in the sale of Apple brand products and its complementary products, said net profit grew 34.3 per cent to $2.2 million for the first half ended Dec 31, 2007. Revenue rose 28.7 per cent to $32.5 million
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      • Article
        Lock icon Federal ventures into coal-mining business
        82 8 FEDERAL International (2000) Ltd said it has ventured into the coal-mining business in Indonesia through Alton International Resources Pte Ltd (AIR), a company which is 51 per cent-owned by its wholly owned subsidiary, Alton International (S) Pte Ltd. AIR is currently in discussion with owners
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      • Article
        Lock icon Vita turns in $4.1m loss as revenue slips
        41 8 VITA Holdings has posted an interim loss of $4.1 million, from a profit of $182,000 in the year-ago period. For the six months ended December, revenue fell 23.8 per cent to $8.7 million.
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      • Article
        Lock icon Asian Micro records $1.3m interim loss
        36 8 RECYCLING firm Asian Micro Holdings has reported a half-year loss of $1.3 million, from a profit of $945,000 in the year-ago period. Turnover slipped 2 per cent to $11.1 million.
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      87 5 Like they say, let the good times roll. So you'll Wr probably be more than willing to celebrate the I I lV jj Lunar New Year all throughout the month of \^k d3K I'ttdMi February. Let our wide selection of wines keep you L^Bf^ |I~jjHr v^^^^^^l company.Whether it's a full
      87 words
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  • Page 7 Advertisements
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      203 7 i£.FA CFA Singapore is proud to present Financial Analysis benes Held in conjunction with Wall St. Training. The Financial Analysis Series will provide practical, career-enhancing programs related to fundamental analysis and mergers acquisitions using a non-theoretical approach. v Dates: 25 -29 February 2008 I Venue: Singapore Management University (SMU), Lee
      203 words
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      70 8 I s- !LLchbuR g RICHBURG .C"i- llbbßbbbbbbbe^>^ jffajt. '^V i3™jP^J^E t'*- ftii^L Be The Vanguard Of All Movement 7 S6Qt6r SUV Mi <':"iiBBW iiir^^^^n —MT^^^i^Trl" Ar^-^^BM^''-1' V Jam m i^... ..4Bjbbjrps*y^o^" t 'teflj Bk r^r V RUh. JC -v bV_- ■>- j^bbbl »w\ JBBk' h^ :I^* bbbW ff jbbl ku'V
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  • SINGAPORE NEWS
    • Article
      Lock icon Playfair Rd site gets bullish top bid of $142 psf ppr
      532 9  -  KALPANA RASHIWALA Sim Lian unit's offer is whopping 63% above second highest bid By A 60-YEAR leasehold industrial site at Playfair Road has attracted a top bid of $142 per square foot per plot ratio (psf ppr) from Sim
      532 words
    • Article
      Lock icon Sembawang E&C bags $400m IR contract
      375 9  -  ARTHUR SIM By SEMBAWANG Engineers and Constructors (SEC) has been awarded a $400 million contract by Marina Bay Sands Pte Ltd to build the Marina Bay Sands integrated resort's (IR) North Podium comprising the casino, theatres and retail arcade. But with a construction period
      375 words
    • Article
      Lock icon Helping non-profit groups set up RHQs here
      248 9 THE Economic Development Board yesterday launched an International Organisations (IOs) Programme Office to encourage non-profit organisations to set up regional headquarters in Singapore. The office, which also comprises the Monetary Authority of Singapore, the Ministry of Foreign Affairs and the Singapore Tourism Board,
      248 words
    • Article
      Lock icon GIC to invest in US$6b TPG fund: report
      436 9  -  CHUANG PECK MING By THE Government of Singapore Investment Corporation (GIC), which has taken significant stakes in ÜBS and Citigroup, is reportedly going to be the lead investor in a US$6 billion fund set up by global private equity firm TPG to
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    • Article
      Lock icon PR firm FD Int'l opens office here
      249 9  -  WEE JUN KAI By FINANCIAL and corporate public relations firm Financial Dynamics International (FD) is setting up shop in Singapore and has appointed The Business Times' former Jakarta correspondent and Yale graduate Laurel Teo its Singapore vice-president. "Singapore is a key centre for
      249 words
    • Article
      Lock icon Ringing in a new era in water treatment
      355 9  -  GEOFFREY LEE By MINISTER for the Environment and Water Resources Yaacob Ibrahim sounded the bell three times at the Kirn Chuan Water Reclamation Plant yesterday to mark the closure of Singapore's oldest large-scale used-wa-ter treatment plant, and a shift towards the new
      355 words
    • Article
      Lock icon Morningstar wins CPF consultant job
      335 9 MORNINGSTAR Research has clinched the investment consultancy job for the CPF, ousting the incumbent Mercer Investment Consulting in an open tender. Mercer has served as the investment consultant for the CPF Investment Scheme (CPFIS) since 2002. In a statement yesterday, CPF said Morningstar will assume
      335 words
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      Lock icon Page 9 Advertisements Column 1
      183 9 lEfa SINGAPORE CFA Singapore is proud to present 1 Equities Analysis H oenes The Equities Analysis Series will provide practical, career-enhancing programs related to fundamental analysis and equities valuation. Dates: 8 9,24 to 27,28 March 2008 Venue: Singapore Management University (SMU), Lee Kong Chian School of Business Capital Tower, Level
      183 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon WTO condemns China's commercial practices
      479 10 -AP Trade body panel sides with US, EU, Canada in a dispute over car parts [GENEVA] The World Trade Organization (WTO) has issued its first official condemnation of Chinese commercial practices, siding with the United States, the European Union and Canada in a dispute over
      -AP  -  479 words
    • Article
      Lock icon Obama has US$2lOb job creation plan
      247 10 AP [JANESVILLE, Wisconsin] Democrat Barack Obama said on Wednesday that as president, he would spend US$2lO billion to create jobs in the construction and environmental industries, as he tried to win over economically struggling voters. Mr Obama's investment would be over 10 years as
      AP  -  247 words
    • Article
      Lock icon Japan to study sovereign wealth funds
      417 10 Reuters Govt called on to set up fund to manage foreign reserves [TOKYO] Japan's Financial Services Minister Yoshimi Watanabe said on Wednesday that a panel of experts and officials from the ministry will study other governments' sovereign wealth funds before considering whether Japan should
      Reuters  -  417 words
    • Article
      Lock icon Japan's GDP grows 0.9% in Q4 last year
      578 10  -  ANTHONY ROWLEY Stronger than expected rise lifts Nikkei 225 by 4.3% By/ in Tokyo JAPAN'S economy grew by a much stronger than expected 0.9 per cent in the final quarter of 2007 equivalent to an annual rate of 3.7 per cent the
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    • Article, Illustration
      Lock icon Don't restrict wealth funds: US Treasury
      578 10 Reuters Curbs risk retaliation against US investors by other countries [WASHINGTON] Congress risks retaliation against US companies overseas if it proposes laws to force sovereign wealth funds to disclose more about the purposes of their US investments, a senior US Treasury Department official warned
      – Reuters; REUTERS  -  578 words
  • Page 10 Advertisements
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      360 10 vnahTi- II- r^slraminl Explosion Protected (Ex) Electrical Installation [E&DJ SAFETY/ Training The environment in some areas of ships, oil rigs,\ KivtonT y petrochemical and pharmaceutical installations can be hazardous. What to do and when to do it are best left to the experts. KITS is affiliated with Aberdeen Skills Enterprise
      360 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Elections on March 8: Anwar can't join the fray
      592 11  -  S JAYASANKARAN Ruling National Front eyes Kelantan, but PAS is expected to retain the state By! in Kuala Lumpur MALAYSIA'S Election Commission announced yesterday that polling day will be on March 8, prompting speculation that the early date was set to
      AFP  -  592 words
    • Article
      Lock icon Opposition aims to erode govt majority
      241 11 Bloomberg [KUALA LUMPUR] Three Malaysian opposition parties plan to deny the ruling coalition a two-thirds majority in a bid to loosen the government's five-decade grip on power. "It will be a major, major battle ahead," said former deputy prime minister Anwar Ibrahim, now aligned
      ■ Bloomberg  -  241 words
    • Article
      Lock icon IOI Q4 2007 profit increases 52%
      345 11 Bloomberg [KUALA LUMPUR] 101 Corp, the world's second biggest publicly traded palm oil producer, said that profit in the final quarter of last year surged 52 per cent as the price of the commodity jumped. Net income rose to RM581.2 million (*****.6 million), or
      Bloomberg  -  345 words
    • Article
      Lock icon UEM World plans to streamline operations, says report
      244 11 Reuters [KUALA LUMPUR] Malaysian state-control-led builder UEM World aims to streamline operations and become a pure property company by selling stakes in four listed firms, a domestic newspaper reported yesterday. The firms UEM Builders Bhd, Pharmaniaga Bhd, Opus Group Bhd, and Cement
      – Reuters  -  244 words
    • Article, Illustration
      Lock icon Mid-east fund, Japan's Orix buy 20% of AirAsia X
      534 11  -  PAULINE NG New investors pay RM25Om cash to acquire stake By in Kuala Lumpur TWO new foreign investors in the form of the Middle East's Manara Consortium and Japanese Orix Corporation have acquired 20 per cent of Malaysian long-haul low-cost carrier
      BLOOMBERG  -  534 words
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      139 11 DLATRADE INDUSTRIAL PARK Located at Tanjung Uncang, Batam Indonesia Good Business Environment Land Lease 30years/80years Special Economic Zone Free Duty for Import Export C~I M jP T*,<*~lln,»*,* Abundant supply of workers bales, Rental Installment Cost Effective Covered Area: 5,000 sqm onwards L™d' 7 >sooS«m °™ards Banking Consultancy From Basic to
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      77 11 Balr Biff JQBEttflMSr \lW|\ W \o* $P***/ BE THE FIRST TO KNOW Monthly Subscription Rate Dial 155 tosion Business Finance News @$5.35/mth Singapore News @$4.28/mth U D 110 W 3II Q c lIIOV •World News @$4.28/mth J the first 30 days Chinese News SUbSCNDtiOII FREE! Soccer Info/News @$5.35/mth For more
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China curbs on bank loans could boost bond market
      457 12 Reuters Corporate bond market could grow to cushion impact of credit controls [BEIJING] Hope springs eternal, no more so than among the boosters of China's bond market. Badly handled regulatory reforms and an underdeveloped credit culture would seem to portend another
      – Reuters; BLOOMBERG  -  457 words
    • Article
      Lock icon Surge in loans, money supply growth in Jan
      447 12 Reuters [BEIJING] China's credit and money supply both grew much faster than expected in January as banks, restrained from lending at the end of last year, rushed to clear the backlog and put new loans on their books. The surge meant the
      – Reuters  -  447 words
    • Article
      Lock icon 'Ulterior' motives behind Darfur policy criticism: Beijing
      364 12 AFP [BEIJING] China said yesterday that "ulterior" motives were behind some criticism of its actions in Sudan, and the problems there should not be linked with this summer's Olympics in Beijing. The comments from Foreign Ministry spokesman Liv Jianchao came a day after
      AFP  -  364 words
    • Article
      Lock icon BURSA MALAYSIA
      2291 12 :eb14 RM ('000] A &M Realty 0.79 AbricBhd 0.24 Advance Synergy 0.18 Adventa Bhd 1.34 Ae Multi Hldgs 0.27 Affin Holdings 2.25 Ahmad Zaki Resou 1.54 AicCorp 0.66 \irasia Bhd 1.61 Akn Technology 0.62 Alliance Financi 2.95 Aluminium Co 1.12 Amalgamated Ind 0.49 \mmb Hldgs Bhd 3.84 Amtel
      2,291 words
    • Article, Illustration
      Lock icon PCCW will buy out property unit Pacific Century for HK$2.6b
      478 12 Bloomberg It will pay HK$2.B5 a piece for the 926 m shares it does not already own [HONG KONG] PCCW Ltd, Hong Kong's biggest phone company, will buy all the shares it does not already own in its property development
      – Bloomberg; BLOOMBERG  -  478 words
    • Article
      Lock icon Bear Sterns, Citic to revise share swap deal
      327 12 Xinhua [BEIJING] US investment bank Bear Sterns and Citic Securities, China's largest securities firm, are to revise a share swap agreement, increasing the stake in each other, according to sources close to the deal. Ongoing talks are now focused on lowering convertible
      Xinhua  -  327 words
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  • INDIA
    • Article, Illustration
      Lock icon US weakness may hit India's outsourcing business: IMF
      536 13 Xinhua, AP Countries will have to face impact of global financial crisis eventually: official [NEW DELHI] Emerging economies like India are not insulated from the impact of a slowdown in the United States, an International Monetary Fund official said, according to local
      Xinhua, AP; REUTERS  -  536 words
    • Article
      Lock icon Tighter security in Mumbai amid tension
      341 13 AFP [MUMBAI] Security was stepped up in India's financial hub Mumbai yesterday after a top political leader accused of stirring hatred against migrant workers was arrested and then freed on bail. Raj Thackeray, who has been dubbed "Mumbai's Hitler" by national news magazine The
      AFP  -  341 words
    • Article
      Lock icon Unit Trusts & Funds
      7821 13 Unit Trusts Funds ABN AMRO Asset Mgt (Spore) 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
      7,821 words
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  • MIDDLE EAST
    • Article
      Lock icon Qatar sells entire stake in Swedish stockmarket operator OMX
      218 14 Bloomberg, Reuters [DOHA] Qatar's investment authority sold its stake in Swedish stockmarket operator OMX, ending a surprise investment that had threatened to challenge a takeover bid for OMX by Nasdaq Stock Market Inc and Borse Dubai. Qatar sold more than 12
      – Bloomberg,; Reuters  -  218 words
    • Article, Illustration
      Lock icon Iraq breaks deadlock, passes 3 key bills
      587 14 LAT-WP, Bloomberg Ethnic and religious factions more willing to cooperate for political progress [BAGHDAD] Iraqi lawmakers overcame weeks of deadlock on Wednesday to pass three key measures: a USS4B billion national budget, an amnesty law and legislation paving the way for provincial elections
      LAT-WP,; Bloomberg; AFI  -  587 words
  • Page 14 Advertisements
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      2065 14 I [fffflg CANADIAN IMPERIAL BANK OF COMMERCE I I E§23 2007 Consolidated Financial Statements I U^ (in millions of Canadian dollars) millions, as at October 31 2007 2006 millions, for the year ended October 31 2007 2006 2005 Cash and non-interest-bearing deposits with banks 1,457 1,317 Loans 9,738 8,526 7,640
      2,065 words
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  • WORLD
    • Article, Illustration
      Lock icon UBS posts record 12.5b franc loss in Q4
      593 15 Bloomberg, Reuters, i AFP The bank also reiterated that 2008 will be 'another difficult year' [ZURICH] ÜBS posted yesterday the biggest ever loss by a bank in the fourth quarter after US$l3.7 billion in writedowns on securities infected by US subprime mortgages.
      Bloomberg,; Reuters, i; AFP; REUTERS  -  593 words
    • Article
      Lock icon SEC eases reporting rules for foreign companies
      363 15 -AP [WASHINGTON] The Securities and Exchange Commission (SEC) voted unanimously on Wednesday to seek comment on changes that would give US investors easier and quicker access to information on some foreign companies that sell securities in the United States. Under the proposal, eligible
      -AP  -  363 words
    • Article
      Lock icon US trade deficit shrinks despite soaring oil prices
      463 15 -AP LATEST US DATA [WASHINGTON] Despite a soaring foreign oil bill and another record deficit with China, the overall US trade deficit declined in 2007 after setting records for five consecutive years. The Commerce Department reported yesterday that the deficit dropped to
      -AP  -  463 words
    • Article, Illustration
      Lock icon Chocolate makers hit by high cocoa prices
      516 15 Reuters [NEW YORK] It looks close to panic time for chocolate manufacturers, who may be forced to chase a rallying cocoa market to lock in prices for the key ingredient in their confections. Some chocolate companies, which traders say have about half the
      ■ Reuters; AFP  -  516 words
    • Article
      Lock icon Yahoo unlikely to resist Microsoft's advances: analysts
      368 15 ■NYT [NEW YORK] Since Microsoft first made public its buyout offer on Feb 1, Yahoo has held talks with several potential partners, including Google, News Corp and Time Warner's AOL unit, about an alternate deal that would keep Yahoo out of the clutches
      ■NYT  -  368 words
    • Article
      Lock icon Stanchart makes 2 rescue offers for US$7b SIV
      312 15 Reuters [LONDON] Asia-focused bank Standard Chartered has made two proposals to rescue its US$7 billion structured investment vehicle (SIV) that was forced into receivership this week. One proposal could see the bank take all of the Whistlejacket SlV's assets onto its balance
      Reuters  -  312 words
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  • AVIATION
    • Article, Illustration
      Lock icon $500m facelift for Changi Airport's 'grand old dame'
      431 16  -  YEN SREENIVASAN Upgrading works of 27-year-old T1 to start in May and set to end by 2011 By [SINGAPORE] Japan's Takenaka Corporation has clinched the $500 million contract to upgrade the 27-year-old Terminal 1 at Singapore Changi Airport. The Civil Aviation Authority
      431 words
    • Article
      Lock icon JADE receives FAA certification for cabin reconfiguration
      187 16  -  YEN SREENIVASAN By [SINGAPORE] Singapore-based aircraft interior modification specialist Jamco Aero Design and Engineering (JADE) has been awarded the US Federal Aviation Administration's (FAA) first Supplemental Type Certificate. The award for cabin interior reconfiguration modification carried out on a Singapore Airlines Boeing 747
      187 words
    • Article, Illustration
      Lock icon Synergy orders 10 Airbus A350s
      227 16 Bloomberg [PAßlS] Airbus SAS, the world's largest planemaker, won a commitment from Latin American aviation group Synergy Aerospace for the purchase of 10 long-range A3 50s worth an estimated US$2 billion at list price. Airbus said that Synergy signed a memorandum of understanding for the
      Bloomberg; I BLOOMBERG  -  227 words
    • Article
      Lock icon Airbus in talks on A380 flying casino
      150 16 AFP [HONG KONG] Airbus said yesterday it was holding talks with a number of customers interested in converting its superjumbo A3BO the world's biggest passenger plane into a flying casino. "We have had interests from customers who would like to do something like
      AFP  -  150 words
    • Article
      Lock icon Air France to invest in Delta-Northwest tie-up
      530 16 Bloomberg Details of merger may be announced next week: sources [CHICAGO] Air FranceKLM Group, Europe's biggest carrier, plans to invest in a combined Delta Air Lines Inc and Northwest Airlines Corp in exchange for a board seat, people with knowledge of the matter
      Bloomberg  -  530 words
    • Article
      Lock icon JAL sells Tokyo property for 42.2b yen
      78 16 Bloomberg [TOKYO] Japan Airlines Corp, Asia's most indebted carrier, will sell property at Tokyo's Haneda airport for 42.2 billion yen (***** million) and use the funds for its aviation business. The carrier will complete the sale to an investment fund on February 29,
      Bloomberg  -  78 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2466 16 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW). BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,466 words
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  • SHIPPING
    • Article
      Lock icon Profit sharing deal applies to optional charter period
      696 17  -  SELVA KUMAR ADMIRALTY CASEBOOK High Court accepts owner's argument to consider optional years separately By THE English High Court last week overruled an arbitration award and ruled that a profit-sharing arrangement between a vessel owner and a time charterer applied to the
      696 words
    • Article
      Lock icon Perkins to open shipping agency in S'pore
      255 17  -  VINCENT WEE Aussie firm to set up office here over the next few months By' [SINGAPORE] Singapore's growing maritime cluster has attracted yet another shipping company to set up shop here. Darwin-based Perkins Shipping yesterday said that it will open a shipping agency
      255 words
    • Article, Illustration
      Lock icon Shipping emissions higher than thought: UN report
      457 17 Reuters [LONDON] Emissions by global shipping of plan-et-warming carbon dioxide are more than double industry estimates and may rise another third by 2020 as trade grows, a report from the world's top maritime body shows. The scientific report commissioned by the UN International
      – Reuters; AP  -  457 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        101 17 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.58 0.35 4.48 0.86 2.16 1.10 0.07 unch 1.49
        101 words
      • Article
        Lock icon KLSE
        36 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.90 9.65 9.55 4.02 3.00 0.27 0.17 unch 0.05 -0.05 0.08 unch 0.04 -0.01 20 411 739 1045 12 10 42
        36 words
      • Article
        Lock icon BANGKOK
        8 17 ■oo 'recious Ship .31.50 1.50 8187 -0.25
        8 words
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        Lock icon HONGKONG
        6 17 '000 toil .43.05 0.90 1907
        6 words
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        Lock icon PHILIPPINES
        22 17 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.50 33.00 unch unch unch -1.50 unch unch 1349 627 0 0
        22 words
      • Article
        Lock icon TAIPEI
        22 17 Evergreen Marine ....24.85 :irst Steamship 63.10 /Van Hai Lines 23.60 fang Ming Marine...19.80 0.65 4.10 0.90 0.70 15 8 15 23
        22 words
      • Article
        Lock icon TOKYO
        39 17 '000 (awasaki Hvy Ind ..240.00 15.00 ***** (awasaki Kisen ....1088.00 50.00 ***** Mitsubishi Hvy 444.00 32.00 ***** Mitsui Eng&Sbldg...300.00 8.00 ***** Mitsui Osk Lines ...1480.00 77.00 ***** Mippon Express 585.00 11.00 6095 MipponYusen 992.00 24.00 ***** iource: Reuters
        39 words
  • Page 17 Advertisements
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      17 17 3fe...... I theory I hiim UCIIiy nlOllPtl II IJIdyCU UP I as Olympics approach stwffwww.ST7oi.coM VJ v
      17 words
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      Lock icon Page 17 Advertisements Column 2
      14 17 I V W I N I Ji^idS I Terms and conditions apply. ■seeMonsaKnowMon; G«M°re-|
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      Lock icon Page 17 Advertisements Column 3
      28 17 j^^^Tuat *u«| havea"g ;.fyEXPERIENCE! W! N TICKETS TO THE HSBC WOMEN'S CHAMPIONS 2008 MONDAY TO FRIDAY FROM 4 TILL 22 FEB <THEWOMEN'SCHAMPIONSISHELDBETWEEN2BEEBAND2MAR r^ I lintniT lt/tmnOl'l rilM wnii.iuiiinijw.uwi
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      Lock icon Page 17 Advertisements Column 4
      53 17 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. HEL^SH |»s IS .A !«fl6B| I Iffl' \«i I I I T I VUST°ouH I PARTY I m^JWW^^ES^SX Hof stylish newlywetfe kLWt A M^^^J sph magazine a subsidiary of
      53 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Election time in Malaysia
      446 18 THE announcement that Malaysians had been anticipating for months has now been made. It's officially election season, and March 8 will be the day that some 11 million registered voters get to exercise their right to choose new leaders at state and national levels. While the
      446 words
    • Article, Illustration
      Lock icon The value of skills in today's integrated world
      1018 18  - The value of skills in today 's integrated world TERESA LIM Academia and industry need to collaborate more to train workers for the services sector By THE reality of a globally integrated world has arrived with serious implications for all institutions including those of higher education. Leaders can either absorb
      FILE PHOTO  -  1,018 words
    • Article, Illustration
      Lock icon India needs a 'doing business' minister
      781 18  -  ANDY MUKHERJEE THE BOTTOM LINE FROM earth sciences and public grievances to social justice, urban poverty and the diaspora, the Indian government has a ministry for everything and everyone. Forming a new agency is its way of legitimising an activity or an interest group
      781 words
    • Article, Illustration
      Lock icon Salad Bowl politics in the US
      1247 19  -  LEON HADAR Hispanics are the new ingredient and they could decide who occupies the Oval Office come November POLITICAL scientists who have followed the growing ethnic tensions in Kenya, in the aftermath of the disputed presidential election there, have described this development as a
      AFP  -  1,247 words
    • Article, Illustration
      Lock icon Torture – the red, white and blue way
      800 19  - Torture the red, white and blue way NICHOLAS D KRISTOF ■NYT The US spends millions bolstering public diplomacy and sponsoring television and radio broadcasts to the Islamic world and then undoes it all with Guantanamo By THE most famous journalist you may never have heard of is Sami al-Hajj, an
      ■NYT; I REUTERS  -  800 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7091 20 Transaction date: Feb 14 High Low Code Company Sale C000) High ow Buyer Seller C'vr P/E Smil 5716 1st Software 282i fi iSg Si?" 107 98 6389 ABF SG Bond ETF 30 13.5 1938 AEI Corp 26 7.5 1100 AEM 42 13.2 2101 APOil 141 54.5 5550 ARA
      7,091 words
    • Article
      Lock icon SGX XTRANET
      77 20 Wk Tel Low Code Last Sale Vol COOP) Low Lasi (uote Seller Div C'vr Net P/E Cap >mil Hi< Com i Hi< Bu< 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170 SPDRS
      77 words
    • Article
      Lock icon SGX CATALIST
      2004 20 Wk Tel Low Code Last Sale Vol rooo) lay I Low By _ast Quote yer Seller Div CVr Net P/E Cap ,mil Hii Comi Hii 30 11.5 1181 sAAGrp 41.5 18 5000 sABRHIdgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System 38 27 3518 s
      2,004 words
    • Article
      Lock icon CLOB INTERNATIONAL
      214 20 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      214 words
  • Page 20 Advertisements
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      29 20 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gW *3j& B 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. I^^^^^^B M Internet: Http://www.audemarspiguet.com
      29 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 21 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb13 World Index Preliminan 1023.8 0.3 -9.5 0.4 -10.7 0.1 -9.. EAFE Preliminan 986.8 -0.1 -11.9 -0.1 -12.7 -0.4 -11.! Euro[ Preliminary 1369.7 0.0 -11.2
      369 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 21 As at 9am Feb 14 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2710 1.2860 Can dollar 1.4150 1.4320 Euro 2.0540 2.0780 NZ dollar 1.1060 1.1290 jterlin mnd 2.7690 2.8000 US dollar 1.4110 1.4270 Local dollars to 100 units of foreign
      133 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 21 Feb 14 STI SIMSCI Feb 373 375.5 375.9 Taiwan Feb 302 310.4 308.4 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon INTERBANK RATES
      163 21 Feb 14 Offer Bid Overnight 1 1/8 1 -month 1 3/8 2-months 1 7/16 3-months 1 7/16 Overnight mode: 1 1/8 US$ Offer 1 1 1/4 1 5/16 1 5/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 3.13 3.18
      163 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 21 Feb 14 Bid Offer 1-month 1.4141 1.4153 2-months 1.4121 1.4133 3-months 1.4105 1.4118 6-months 1.4061 1.4076 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 21 Feb 14 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2815 1.2829 0.9048 0.9052 Canadian dollar 1.4231 1.4250 1.0048 1.0054 Euro 2.0701 2.0718 1.4616 1.4618 NZ dollar 1.1159 1.1174 0.7879 0.7884 Sterlim 2.7894 2.7921 1.9695 1.9700 US
      155 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      356 21 Feb 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar08 Jun08 Sep08 Dec08 97.115 97.550 97.670 97.625 0 0 0 0 ***** ***** ***** 6433 EUROYEN FUTURES Mar08 99.160 99.160 Jun08 99.275 99.280 Sep08 99.300 99.385 Dec08 99.400 99.400 Mar09 99.315 99.320 Jun09 99.255 99.255 Sep09
      356 words
    • Article
      Lock icon SICOM FUTURES
      289 21 Feb 14 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 08 395.75 398.50 398.50 398.50 398.50 397.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      289 words
    • Article
      Lock icon CHICAGO BOT
      104 21 Feb 13 SUTBtAIMS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar08 1328.50 1321.00 1334.00 1313.50 May 08 1347.00 1338.50 1351.00 1331.00 Jul 08 1356.25 1349.25 1360.00 1340.00 Aug 08 1338.00 1335.00 1340.00 1330.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 08 56.26 55.66 56.28 55.41
      104 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 21 CRUDE OIL PRODUCTS Feb 13 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 92.77 -0.52 WTI (Near Mth) 93.26 0.61 Dubai (1-Mth F) 88.68 0.04 Tapis blend 98.75 0.05 Minas 94.85 0.1 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 92.90 108.10 1.13 0.5 USS/barrel Opec Oil
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      456 21 Feb 14 «> i> Kmp turo nn> ren Ion 'eso Earn 'oum Australia 0.900 6.506 0.619 7.060 35.892 83.699 0.980 8.555 2.927 1.148 57.001 37.051 1.282 6.900 1.002 28.684 29.661 0.459 0.905 Canada 1.111 7.226 0.688 7.841 39.863 92.959 1.088 9.501 3.251 1.275 63.308 41.150 1.424 7.663
      456 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 21 Feb 14 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hie Day's h Low 3-Month BQ*****T 15.05.08 1-Year BY*****A 29.09.08 1.36 1.45 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hig Day's gh Low 2-Year N*****0F 2.625 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750
      90 words
    • Article
      Lock icon SIBOR
      76 21 Feb 14 1 mth 3.***** 1.***** 2 mths 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
      76 words
    • Article
      Lock icon PALM OIL
      65 21 Feb 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Mar08 3417 3440 3448 3403 1632 8318 Apr 08 3422 3451 3459 3408 7263 ***** May 08 3409 3453 3458 3409 4100 ***** Jun 08 3435 3450 3455
      65 words
    • Article
      Lock icon PRECIOUS METALS
      138 21 Feb 14 (US! f/oz) Feb 13 Feb 14 Hong Kong London 898.00 909.00 899.00 910.00 Feb 12 Feb 13 915.30 902.70 916.20 903.60 Source: Reuters CAST BAR (S$) Feb 14 Buying Sellini Kilobar "44,488.46" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 1/OOgm 1
      138 words
    • Article
      Lock icon LONDON METALS
      70 21 Feb 13 itiiuiii, yy.i (US$/tonne) Co Close Previous Cash 2651.80 2613.00 3 months 2691.00 2654.00 Copper, Grade A (US$/tonne) Cash 3 months 7809.00 7780.00 7921.00 7888.00 Lead (US$/tonne) Cash 3039.00 3 months 3030.00 3082.00 3065.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
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      Lock icon LIFFE
      83 21 Feb 13 COCOA (£/tonne) Close Prev Hii ih/Low Mar 08 1270 1258 1284/1257 May 08 1294 1283 1309/1280 Jul 08 1320 1308 1334/1306 Sep 08 1306 1294 1319/1295 COFFEE (USS/tonne) Close Pev High/Low Mar 08 2242 2197 2259/2175 May 08 2272 2227 2289/2204 Jul 08 2292 2243 2308/2221 Sep
      83 words
    • Article
      Lock icon BONDS & WARRANTS
      2280 21 BONDS WARRANTS Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 2036 Advance SCT Ltd W*****9 12 1 304 1 87 62 5.08 30 3747Allgreen RB ECW*****1 1 0.5 100 0.5 163 1 2835Allgreen RBeCW*****6 1 0.5 120 0.5 218
      2,280 words
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      2762 22 m The Business Times Shipping times A KPP I WAN HAI INTERNATIONAL PTE LTD CRN0:**********0/R M H\J&SSS9tS!|| ilßWfCTrrrwwMrll wBM TEL *****588 (l 4 LINES) FAX: *****163 IV. ll I rJ±>*l lB rPHIP^IPHIHISIPiMB WnmmWKmSmWfmmSm V\\M 1 IA/AM HAI INpX former Service/Bookings Direct Line-(1800) *****200 nj^H^ra^^K^C^^n^^H V 1» I IIHII llnl LI
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      3036 23 If f^s!^4 Ufl I \\JT\ EASTERN r CAR LINER, LTD |lj§ Q®3S^ I S>%^zs^2s>& ,v *:^iiaaßfifas^' *"i*t If- '"^^W** 'I Lmj-iiiw umiiui-iiniiimnii whji-ihiiiihi HninmJ V A^^Xv\ ?S I £?t,K^ifeiw stJ I|UUBJUaaUB I VOY Ramp(KT) Lilting(KT) SIN PKL PNN JKT LCB BAT iUfiiUSUUiIIiBSUttUULIiCiSUIMUKUuU&KIkISISSUiBUISULiiU M-^^XK—^y'':. 'L-jßfeWtll'lH yl-^l I COSMIC MASTER 116 40
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      2535 24 ESI HBHBH i b j^mmm* ..rsss I rei glory navigation gr'oupl W Jiiiipi||l|pli|f!PiPlplMpl H| NORTH WEST EXPRESS LINE *Sft4frf«.W!t«^*l MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES SINCE 1970 ■HBH 9 V, iS*iL I VOY I Singapore I Fremantle I Cocos Island I Christmas Island PasirGudang I
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      2780 25 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • CLIPPER ROUND THE WORLD RACE
    • Article, Illustration
      Lock icon A tough sea battle for crew
      619 26 Storm sees Spore team slip down to familiar 7th place after 3rd at one stage, reports VINCENT WEE FOR competitors in race six of the Clipper 07/08 Round the World Yacht Race from Singapore up to Qingdao in China, it was like a turbulent
      ONEDITION  -  619 words
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      290 26 LUAUKY i ki mmm mn hjm^ Hi in Embark on a culinary discovery at the Zenden Buffet -"«3^^ More Amazing Grazing k r Singapore's most stylish and beautiful Sunday M Sav s o o u u r p o^ 5 Jk Brunch just keeps getting better. Discover appetisers, carvery, innovative
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      71 26 This series on Uniquely Singapore's adventures in the Clipper 07-08 Round the World Yacht Race is brought to you by ■n^'i'Mi THE BUSINESS TIMES Business Times journalist Vincent Wee, who did a circumnavigation on Uniquely Singapore Clipper in the 2005-2006 race and reported from onboard the boat in the first
      71 words
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  • PURSUITS
    • Article, Illustration
      Lock icon Mysteries of contemporary art theft
      618 27 BOOK REVIEW Noah Charney's debut novel has pedantic prose and a labyrinthine plot, says PARVATHI NAYAR The Art Thief by Noah Charney Simon Schuster Pages: 290; Price: $27.95 w/o GST Rating: C+ ART made the headlines this week, with news of one of the largest
      618 words
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      Lock icon You can't go wrong with these
      638 27  -  CHRISTOPHER LIM CD REVIEW Watershed kd lang Label: Nonesuch Rating: B+ Detours Sheryl Crow Label: A&M Rating: B I Remember You Tuck Patti Label: Phantom Sound Vision Rating: A- By THE Grammy Awards are finally over and while some of the results were gratifying,
      FILE PHOTO  -  638 words
    • Article
      Lock icon Sweet welcome for the Rat year
      904 27 WINE By N X YONG WHAT wine did you drink with your raw fish salad? This year, we tried two different wines. The first was a Schlossgut Diel Dorsheimer Goldloch Riesling Kabinett 2004. I like Diel's Kabinetts with most Asian dishes which are quite
      904 words
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      101 27 Done Deal? 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 to
      101 words
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  • CINEMA/ARTS
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      Lock icon Assault on the senses, and some exhilaration
      596 28 No Country juxtaposes ultimate evil with ordinary goodness, says PARVATHI NAYAR No Country for Old Men is no movie for the faint-heart-ed. Adapted by Joel and Ethan Coen from a novel by Cormac McCarthy, the movie is such a relentlessly bleak assault on
      REUTERS, AP  -  596 words
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      Lock icon Smells like pregnant teen spirit
      395 28  -  PARVATHI NAYAR By WITH Juno, director Jason Reitman proves that the edgy lightness of Thank You for Smoking was no flash in the pan. As with Smoking, he takes on contentious subjects here, it's teen pregnancy and makes a movie that is funny without the
      AP  -  395 words
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      Lock icon artBEAT
      561 28  -  PARVATHI NAYAR Art for a cause TODAY is International Childhood Cancer Day, in recognition of which an art auction is being conducted for the benefit of the Children's Cancer Foundation of Singapore. This auction is the centrepiece of the gala fund-raiser being held today by international business school SP
      561 words
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      Lock icon Disappointing update of an old favourite
      480 28  -  PARVATHI NAYAR DVD REVIEW By NANCY Drew books were the addictive detective fiction that many of us devoured as kids. They might seem like an anachronism when C5/-style forensics and heroic serial killers like Dexter are the blood-soaked face of contemporary crime stories; still,
      480 words
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      Lock icon The force is with this solo
      509 28  -  PARVATHI NAYAR By LEGIONS of fans out there are bound to take notice when an actor creates an entire show by recreating light-sabre sizzles and Chewbacca growls. And it's these die-hard fans that Canadian actor-comedian Charles Ross will have to satisfy at the Asian
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  • PROFILE
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      Lock icon The content creator
      1008 29 The Leap Years director tells PARVATHI NAYAR how she balances directing and running a business HEN J Raintree Pictures first approached Jean Yeo to direct The Leap Years, she was too busy growing her own production company Ochre Pictures, which she had established in 2000. The film
      JOHN HENG  -  1,008 words
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      2665 29 MAY I. -ii IN THE HIGH COURT OF THE WIWJ^ IntheMatterof REPUBLIC OF SINGAPORE THE WFUM POOLS SCHEME OF ARRANGEMENT MANAGEMENT The Company Act, Cap.so Companies Winding Up SOVEREIGN MARINE GENERAL INSURANCE -.-.-I IntheMatterof No 1280F*****V COMPANY LIMITED PTE LTD Z'ISSSrSSSS^StuSS In the Matter of ALLIANZ INSURANCE PLC g (In
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      23 29 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email m notices@sph.com.sg. B
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  • Page 29 Miscellaneous
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      301 29 CRYPTIC CROSSWORD H [2 I p I |4 I 15 I [8 I p 13 ZiZiZHiZiZiZiZ 15 i^rn -^■■zi=.o>pz ■"iZßzbzizdz ZiZiZIZMZiZ^ ZIZIZIZIzIziZH ACROSS omic Energy Research Estab--1 Uncommonly well-oiled? lishment (6) (5,2,1,4) 6 What becomes of an acorn? 9 Lover who is the reverse of (3-4) tender (4) 7 Straight
      301 words
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  • executive lifestyle
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      Lock icon Why can't Hillary and Obama just form a GRC?
      581 30 TO many Singaporeans, the ongoing US presidential elections may well seem to be a mindboggling process. After all, elections have always been a pretty straightforward thing for us one public holiday, one vote and done deal. The only primary we know
      581 words
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      Lock icon Novelty value of Thai wines
      1237 30 The rising popularity of the country's cuisine worldwide has been the catalyst of growth for the wine industry there, reports CARMEN ROBERTS SUNRISE in the Chao Phraya Delta teams of Thai workers nimbly bounce across thin, bamboo poles onto islands of grape vines, as narrow
      1,237 words
    • Article
      Lock icon Finding it tough to gain credibility
      403 30  -  JAIME EE By MENTION Thai wine and you'd be hard put to find any in Singapore. Like regional wines from China and India, most wine distributors in Singapore say that there is hardly any demand for them, which is why they don't stock any.
      403 words
  • Page 30 Miscellaneous