The Business Times, 26 February 2008

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Microfilm: NL28832
Total Pages: 31
1 31 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia! .com.sg AAA A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Tuesday, February 26,2008
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  • Article, Illustration
    Lock icon $380,000 boost for three promising SMEs
    542 1  -  CHEW XIANG BT and OCBC launch Emerging Enterprise awards By [SINGAPORE] A long neglected group of businesses will soon get their day in the sun. The Business Times and OCBC Bank yesterday launched the inaugural Emerging Enterprise 2008 an initiative that will give three
    ARTHUR LEE  -  542 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      45 1 KLCOMP 1,370.79 +1.31 NIKKEI 225 13,914.57 +414.11 HANG SENG 23,269.14 -35.90 SET INDEX 838.74 +11.88 JAKARTA COMP 2,751.86 +10.68 MANILA COMP 3,080.24 -95.82 SEOUL COMP 1,709.13 +22.68 SHENZHEN B 614.88 -16.73 MUMBAI IND 17,650.57 +301.50 11AM EDT Change 12,488.97 +107.95 DOW NASDAQ 2,319.46 +16.11
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    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.75 INDONESIA 15.882 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 6.00 CANADA 5.75 SWITZERLAND 4.50 INDIA 12.50 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      41 1 uss (s$ )er US$) 1.406 (USS/SS per 1.963 2.760 EURO(US$/S$/E) 1.482 2.083 YEN 107.50 76.40 RM 3.216 2.287 HK$ 7.797 5.546 BAHT 32.27 22.95 RUPIAH 9,117 6,485 RENMINBI 7.149 5.085 INDIAN RUPEE 39.99 28.45 A$ 1.080 0.768 NZ$ 1.236 0.879
      41 words
  • Article
    Lock icon Major govt IT project hits a road bump
    843 1 Differences over processes and systems have surfaced between the companies behind one of the leading consortiums, say sources By AMIT ROY CHOUDHURY [SINGAPORE] An ambitious $1.5 billion plan to outsource the front-end information technology (IT) requirements of public sector departments has hit
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      39 1 WEALTH OSCARS fik\: w J^-T SMALL CAPS INFLATION MANAGEMENT Starry, starry f^f &^T,l^(^L| ChinaA™^l Healthcare Spore CPI Deutsche Bank to night I I to boost R&D jumps 6.6% expand in Asia pages pagei9 Pnlß -m* page 11 page 3
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  • TOP STORIES
    • Article
      Lock icon Temasek may sell stake in Indonesia's Bll
      450 2 -Reuters Company could be eyeing new opportunities elsewhere: analyst [SINGAPORE/JAKARTA] Singapore investment company Temasek Holdings said yesterday it may sell its stake in Bank Internasional Indonesia (BII), Indonesia's sixth-biggest lender. The sale is intended to comply with the Indonesian central bank's single presence
      -Reuters  -  450 words
    • Article, Illustration
      Lock icon EU gets tough on sovereign wealth funds
      559 2 AP But Greenspan says resistance is counter-productive [BßUSSELS] The European Commission will set out a code to govern sovereign wealth funds because it cannot allow foreign governments to use their investments to further political goals, it announced yesterday. EU Commission president Jose Manuel
      AP  -  559 words
    • Article
      Lock icon Nordbank's suit against ÜBS seen as thin end of wedge
      569 2 Reuters [LONDON] HSH Nordbank's decision to sue Swiss bank ÜBS this week may be the vanguard of many investor lawsuits against banks over investments in collateralised debt obligations (CDOs) that have gone sour. The German state-con-trolled bank said it would
      – Reuters  -  569 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon S'pore inflation rate hits 6.6% in Jan
        63 2 THE inflation rate in Singapore surged to another 25-year high of 6.6 per cent in January and is not expected to ease for a while yet. Still, most economists do not expect further monetary tightening in April, citing the government's growing concern about
        63 words
      • Article
        Lock icon Golden Agri rides high on palm oil prices
        86 2 GOLDEN Agri Resources has reported a 147.5 per cent rise in net profit to US$1.16 billion for the year ended Dec 31, 2007, thanks largely to a net fair value gain in its plantation assets of more than US$800 million. Excluding net
        86 words
      • Article
        Lock icon Straits Asia to ramp up coal-mining capacity
        63 2 STRAITS Asia Resources plans to grow its coal-mining capacity four fold to 20 million tonnes per annum within three to four years, its chief executive Richard Ong, who took over only in May last year, told BT. Yesterday, it reported a 40.7 per
        63 words
      • Article
        Lock icon Courts faces another year of losses
        72 2 FURNITURE, furnishings and IT retailer Courts (Singapore) is headed for another year of losses as it will book provisions of $11-15 million for the year ending March 31, 2008 from shutting down its remaining six stores in Thailand. This will be the second consecutive
        72 words
      • Article
        Lock icon MPs train guns on govt over fast-rising costs
        65 2 RISING business costs and the alleged failure of the government to tackle them in its latest Budget was the recurring theme yesterday when Members of Parliament kicked off the debate on the Budget Statement. Inflation and the unexpected huge Budget surplus were
        65 words
      • Article
        Lock icon MAS makes strong turnaround with record RM851m profit
        50 2 MALAYSIA Airlines has staged a strong turnaround, posting a record net profit of RM851 million (S$372 million) in fiscal year to end December 2007. The reversal of its fortunes comes two years after it posted losses of RM1.4 billion. MALAYSIA, PAGE 13
        50 words
      • Article
        Lock icon China rail builder plans US$5.4b IPO
        81 2 CHINA Railway Construction Corp aims to raise a larger-than-expected US$5.4 billion from an IPO that is on track to be the world's biggest stock sale this year, people familiar with the deal said. Cornerstone investors for the Hong Kong portion ofthe deal include Henderson
        81 words
    • Article, Illustration
      Lock icon S'pore January inflation rate rises to hit 6.6%
      565 3  -  ANNA TEO But economists don't expect further monetary tightening in April By [SINGAPORE] The inflation rate surged to another 25-year high of 6.6 per cent in January and is not expected to ease for a while yet. Still, most economists do not
      BLOOMBERG  -  565 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      154 2 Cgiisincss Cfass CJ)eafs to Europe Moscow $3400 Munich Paris London Athens Zurich Rome $3600 Milan Madrid Frankfurt Stockholm Copenhagen $4045 ft Q flk 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
      154 words
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      Lock icon Page 2 Advertisements Column 2
      11 2 people at No mountain WOrK hi9h enough. www.thepeopleatwork.com Asia-Pacific Executive Search
      11 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      368 3 OICICI Securities presents Umimiiea 7th Annual Investor Conference* 2008 March 3-5, 2008, Singapore The Ritz-Carlton, Millenia Singapore, 7 Raffles Avenue, Singapore 11M i H Bc^Tß^^^flii^^S^l Etl r^T^^^n r^l Zm f^^TTBiI rr^ 9 Zm F^R^j^l Tel No: +65 6823 1556, +65 6823 1557 Registered with Monetary Authority of Singapore (MAS) CD
      368 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Focus falls on situational stocks
      567 4  -  YEN SREENIVASAN STOCKS Oil palm plays attract noticeable interest; also in limelight are selected offshore and energy stocks INFLATION, stubbornly high oil price and turbulence on the Shanghai market dictated sentiment on the Singapore market yesterday, prompting players to scale back their broader positions and
      : Bloomberg  -  567 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      104 4 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 7 8 3 0 0 0 7 8 3 Manufacturing 63 74 53 11 15 74 81 68 Commerce 22 28 25 11 24 39 31 Tpt/Stor/Com ms 16 22 16 22 Finance
      104 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 17,889 17,889 73,324 73,324 lanufacturing 420,419 29,830 450,249 396,822 4,861 401,683 Commerce 45,959 1,607 47,566 54,414 366 54,779 'pt/Stor/Comms 73,612 250 73,862 216,903 80 216,983 :inance 32,366 48 32,414 253,070 253,079 Construction 37,134 129,997 167,131 11,962 5,531 17,493 ■roperties
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      103 4 lapitaLand 6.300 4-0.120 lapitaMall 3.300 4-0.020 jtyDev 11.660 -0.080 Iosco Corp 4.280 4-0.070 IBS Grp 17.940 4-0.040 :&N 4.950 Sent Intl 0.615 -0.005 IK Land 4.200 4-0.020 ISH 15.040 -0.540 lardine C&C 21.600 tl.OOO leppel Corp 10.600 -0.080 leppel Land 5.960 -0.030 IOL 3.450 -0.030 loble
      103 words
    • Article
      Lock icon BROKERS' TAKE
      472 4  -  MATTHEW PHAN CapiT.aL.and Feb 25 close: 56.30 CITIGROUP RESEARCH, Feb 22 SELL: Trading $7.6 billion above latest NAY. Earnings once again boosted by revaluation gains. Net profit in Q407 was $674.7 million, of which $402 million came from revaluation gains and $14.2 million from the sale of investment.
      472 words
    • Article, Illustration
      Lock icon Mid-term outlook still bearish
      177 4  -  KEN TAI CHEE MING, CHART POINT DESPITE the possibility of a short-term rally towards the 3,168 resistance level, we are keeping to our mid-term bearish view for the Straits Times Index (STI). For the past week, the STI remained range-bound between 3,013 and 3,126 although both
      : Bloomberg  -  177 words
    • Article, Illustration
      Lock icon Asian units excel on Wall Street bounce
      511 4  -  LARRY WEE CURRENCIES ASIAN currencies outside Japan again clocked fresh highs versus the ailing US dollar yesterday, while the yen continued to move in the opposite direction to Wall Street. Traders reported that after languishing in early trading, US stocks perked up last
      : Reuters  -  511 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      52 4 Feb 25 VALUE CLOSE 667.00+19.00 BT OB/OS BT CADI -*****.00 -42.00 BT 10-day MA -*****.00 +66.00 FTSE ST Mid Cap 802.50 +2.34 FTSE ST Small Cap 714.73 +0.73 FTSE ST All Share 796.58 +3.40 FTSE ST China 560.12 -7.29 SIMSCI 378.47 +2.48 SIMSCI Futures 380.70 +5.50 PrimePartnersCI
      52 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      53 4 VOLUME Chasen 701,411,000 Sapphire 100,495,000 Centillion 38,914,000 Yangzijiang 31,991,000 Golden Agri 30,990,000 Samko 30,447,000 ChinaPreci 30,435,000 China Hongxing 27,743,000 Biosensors 27,011,000 Teledata 26,851,000 VALUE(S) UOB 84,832,950 Wilmar 83,858,140 STXPOKWIOO 74,196,210 DBS Grp 71,444,320 Capita Land 52,311,380 SGX 44,890,895 Sing Tel 41,929,340 Cosco Corp 40,416,330 Yangzijiang 39,822,380 Golden
      53 words
    • Article
      Lock icon RISES
      108 4 CLOSE UP Jardine C&C 2160 100.0 4.9 S I A 1574 38.0 2.5 SIA 200 1566 38.0 2.5 GLD 10US$ 9351 37.9 0.3 Venture Con 1078 28.0 2.7 Wilmar 500 27.0 5.7 UOBMBLiCW*****0 627 26.0 4.3 ial 108 19.5 22.I I seta n 430 17.0 4.1 lure 198 15.0
      108 words
    • Article
      Lock icon FALLS
      114 4 CLOSE DOWN 2786-356.9 -8.4 JMH JSH 1504 -75.9 -3.5 Robinson 640 -40.0 -5.9 STI 3300 DBePW/*****3 47.5 -27.5 -36.7 leloni 313 -22.0 -6.i OCBC Bk 757 -11.0 -1.4 ioodi W*****6 33 -10.0 -23.3 Tat Honi 231 -10.0 -4.1 China H 10US$ 1698 -9.8 -0.. CerebosPac 400 -9.0 -2.2 BY
      114 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      88 4 Feb 25 CHNG CLOSE FR Feb 22 YR 2008/07 S$ LOW S$ HIGH USS 1.4058 0.01 1.5479 1.4042® Euro 2.0823 0.24 2.1639 1.9913 Pounds 2.7621 0.16 3.1194 2.7390 AS 1.2992 -0.08 1.3555 1.1741 Yen* 1.3041 0.73 1.3821 1.2285 Rupiah* 0.***** -0.31 0.***** 0.***** Baht* 4.3537 0.05
      88 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Golden Agri rides high on palm oil prices
      513 5  -  MATTHEW PHAN Record prices boost revenue 65.8% to USsl.B7b, net profit 147.5% to USsl.l6b By GOLDEN Agri Resources, the world's second-largest planter of palm oil by area, has reported a 147.5 per cent rise in net profit to US$l.l6 billion for the
      ARTHUR LEE  -  513 words
    • Article
      Lock icon NOL-TUI merger won't lead to a win-win situation
      608 5  -  CONRAD RAJ FOR the past several months there has been much talk of a possible swop of Temasek Holdings' 68-per-cent stake in Neptune Orient Lines for a 23-per-cent shareholding in German shipping and tourism giant, TUIAG. While TUI has unequivocally denied the
      608 words
    • Article, Illustration
      Lock icon Courts faces another loss for FY2008
      501 6  -  KALPANA RASHIWALA Retailer to make provisions of $11-15 million from closing down Thai ops By FURNITURE, furnishings and IT retailer Courts (Singapore) is headed for another year of losses as it will book provisions of $11-15 million for the year ending March 31, 2008
      FILE PHOTO  -  501 words
    • Article, Illustration
      Lock icon Straits Asia to quadruple coal-mining capacity
      669 6  -  MATTHEW PHAN Reports by STRAITS Asia Resources (SAR) plans to grow its coal-mining capacity fourfold to 20 million tonnes per annum (mtpa) within three to four years, SAR chief executive Richard Ong told BT. "Coal, coal, coal" that will effectively be the company's motto
      ARTHUR LEE  -  669 words
    • Article
      Lock icon Straits Asia earnings slide 40.7% to US$28.6m
      437 6 INDONESIAN coal miner Straits Asia Resources, which was listed in November 2006, yesterday reported a 40.7 per cent slide in 2007 net profit to U5528.56 million, due to higher administrative costs and lower revenue. Revenue fell 10 per cent to U*****.96 million. This
      437 words
    • Article
      Lock icon China stocks worth second look: DMG
      450 7  -  OH BOON PING It picks China Farm Equipment, Sino Techfibre, China Sports, FerroChina By S-SHARES or China stocks listed in Singapore are making a comeback, and DMG Partners has named China Farm Equipment, Sino Techfibre, China Sports and FerroChina as some of the stocks
      450 words
    • Article
      Lock icon At a glance
      275 7 Full year ended Dec 2007 GoldenAgri 1674.97 676.63 147.5 2693.88 1624.35 65.8 Synear 93.72 79.95 17.2 436.81 367.27 18.9 Celestial 82.55 72.89 13.3 354.53 228.16 55.4 China Hongxing 82.04 42.28 94.0 403.09 278.11 44.9 Ossia 76.18 3.98 1812.1 125.19 113.98 9.8 InnoTek 73.72 -21.31 nm 453.32 321.09
      275 words
    • Article
      Lock icon CAE's Q4 net rises 49.6% to 16.9m yuan
      340 7  -  GEOFFREY LEE Wire harness goods help boost revenue by 24.4% By CHINA Auto Electronics Group (CAE) posted a 49.6 per cent year-on-year rise in net profit to 16.9 million yuan (553.32 million) for its fourth quarter ended Dec 31, 2007, as revenue
      340 words
    • Article
      Lock icon Yuanta won't sell Kirn Eng stake to Mitsubishi UFJ
      333 7 Reuters YUANTA Securities, Taiwan's largest stockbroker, will not sell any of its 29 per cent stake in Singapore's Kirn Eng to Japan's Mitsubishi UFJ Securities, its president Alex Lee said yesterday. Yuanta Securities, the stockbroking arm of Taiwan's Yuanta Financial Holdings,
      – Reuters  -  333 words
    • COMPANY BRIEFS
      • Article
        Lock icon Ascott offer: CapitaLand hits compulsory acquisition level
        118 7 CAPITALAND said it intends to exercise its right of compulsorily acquiring the outstanding shares in The Ascott Group after it reached the 90 per cent compulsory acquisition acceptance level yesterday. Ascott will be delisted from the Singapore Exchange. As at 5 pm yesterday,
        118 words
      • Article
        Lock icon Advance SCT reviews stake acquisition
        121 7 COPPER recycling group Advance SCT yesterday said its proposed acquisition of the remaining 20 per cent stake that it does not own in Malaysian copper smelter TTM Industries (TTMI) from Tembusu Growth Fund is currently under review after an audit of TTMI's accounts showed that
        121 words
      • Article
        Lock icon China Energy profit up 38%
        37 7 CHINA Energy posted a 38 per cent jump in full-year net profit to 264.97 million yuan and said it expects to achieve better profitability in the current year ending Dec 31, 2008.
        37 words
      • Article
        Lock icon Metal Component back on profit path
        81 7 METAL Component Engineering returned to profitability in FY2007 with a net profit of $3.6 million after two consecutive years of net losses of $3.8 million and $2.6 million in FY2006 and FY2005, respectively. This was achieved on the back of a 2 per cent
        81 words
      • Article
        Lock icon Thakral turns around with $5.3m Q4 profit
        89 7 THAKRAL Corporation has turned around, posting net earnings of $5.3 million for the fourth quarter ended Dec 31, 2007, against a $7 million net loss in the same year-ago period The group also posted net earnings of $5.45 million for the year ended
        89 words
      • Article
        Lock icon Yangzijiang Shipbuilding earnings surge
        96 7 YANGZIJIANG Shipbuilding (Holdings) posted a 91 per cent jump in full-year net profit to 869.5 million yuan on the back of a 66 per cent increase in revenue to 3.86 billion yuan. The group has a strong order book of about US$7 billion as of Jan
        96 words
      • Article
        Lock icon Sihuan Pharmaceutical profit almost doubles
        34 7 SIHUAN Pharmaceutical Holdings Group's full-year net earnings nearly doubled to 179.3 million yuan. Sales leapt 77 per cent for the year ended Dec 31, 2007 to 286.3 million yuan.
        34 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      90 5 Since 2006, the Tripartite Alliance for Fair Employment Practices (TAFEP) has been promoting fair and merit-based employment practices in Singapore. Ideal candidates should: Use relevant selection criteria for the job Hire and reward employees based on merit Treat employees fairly and with respect Attractive benefits will include: More candidates to
      90 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      984 6 Voluntary Conditional Cash Offer by R ABNAMRO ABN AMRO Bank N.V., Singapore Branch (Incorporated in the Netherlands) for and on behalf of LuYe Pharmaceutical Investment Co., Ltd (Company Registration No: *****2) (Incorporated in the Cayman Islands) to acquire all the issued and paid-up ordinary shares in the capital of AsiaPharm
      984 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      103 7 "Tha Wmld Top Of Tha RoeFl HT^ vrfTTE7TT"^T^I^M Highly symbolic value that All Dzi stones possess the Mystic Power of bringing Luck, Wealth SPeace.My Dzi Stones are 100%"Authentical" 'LfltsstCMwctfon/ExfrenKiy precious rare 12 Eyt% Dzi stone 'mosterpKce' ■3EyesiTanßk6EyespredousDilMom lpcUmgaKyamlutus Battle Design lpcHemmandEmthDnMatif ipcExtrarKlyßareßutldnaeyes'Quadniple' HCflV£fl Clflß COnh lpcHightyteirtdDoubleHemuuitKlEarth ¥/ith two cheny lines
      103 words
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      Lock icon Page 7 Advertisements Column 2
      91 7 Frustrated by slow network or Internet access in your office? Worried about the confidentiality and integrity of your data? Concerned about security when you transact over the Internet? Faced with frequent virus or spam attacks even with the use of antivirus software? Wondering if you can prevent your staff from
      91 words
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      Lock icon Page 7 Advertisements Column 3
      618 7 Cflp/tsLsnd —the— V\ ASCOTT CKOUP A Member of Capita Land VOLUNTARY UNCONDITIONAL CASH OFFER FOR THE ASCOTT GROUP LIMITED ("ASCOTT") 1. Pursuant to the Companies Act 3, Somerset Capital Pte Ltd (the "Offerer") is now entitled to exercise the right to compulsorily acquire the remaining Ascott shares not tendered under
      618 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon MPs train guns on govt over fast-rising costs
      730 8  -  CHUANG PECK MING YESTERDAY IN PARLIAMENT Businesses feeling big pinch, they say; some want GST rolled back to 5% Reports by RISING business costs and the alleged failure of the government to tackle them in its latest Budget was the recurring theme
      BLOOMBERG  -  730 words
    • PARLIAMENT BRIEFS
      • Article
        Lock icon Asean accounts for most of Singapore's FDI
        118 8 ASEAN still accounts for the biggest chunk of Singapore's foreign direct investments $50 billion or almost a quarter of the country's total FDI as of end-2006, according to Trade and Industry Minister Lim Hng Kiang, who cited preliminary figures compiled by the Department
        118 words
      • Article
        Lock icon SMRT to help ensure students are on time for exams
        157 8 SMRT will provide cabs to students if they are affected by any disruption to train services during examination periods, said Lim Hwee Hua, Minister of State for Finance and Transport. This is to ensure that students will not be late
        157 words
      • Article
        Lock icon December jobless rate at 10-year low of 2.3%
        72 8 SOME 246,000 more locals found jobs from 2005 to 2007 about 92,000 in 2007 alone, and this was about two to three times the annual average, according to Gan Kirn Yong, Minister of State for Education and Manpower. "Supported by robust job
        72 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NTUC to extend 5% discount scheme
        45 8 SUPERMARKET chain NTUC Fair Price will extend its 5 per cent discount scheme on 500 housebrand products by a further two months until April 30. The scheme, launched in December last year, was due to end on Feb 29.
        45 words
      • Article
        Lock icon School to launch $17m sports and arts facility
        47 8 TANGLIN Trust School wiU launch a $17 million sports and performing arts facility at its campus today. The building will house such facilities as basketball, volleyball, badminton and netball courts, performance space with retractable seats and sound-proofed music rooms.
        47 words
      • Article
        Lock icon University alliance to offer MBA programme
        65 8 THE National University of Singapore Business School, Korea University Business School and Fudan University School of Management will jointly launch a double-degree MBA programme today. The S3 Asia MBA, to start from September with an intake of about 60 students, is structured as a
        65 words
    • Article, Illustration
      Lock icon Deutsche Bank intends to expand in Asia
      466 8  -  GENEVIEVE CUA It will leverage on its strengths in investment banking By DEUTSCHE Bank is raring to expand its private wealth management business in Asia, where the market for private bank services remains fragmented. Asia-Pacific last year registered the fastest growth rate among
      JOHN HENG  -  466 words
    • Article
      Lock icon E + M = C (to the power of infinity)
      455 8  - E M C (to the power of infinity) GEOFFREY LEE Creativity meet throws up interesting ideas By CAN you remember the nine planets in correct order, starting with the planet closest to the sun? This challenge was issued by Tony Buzan, creator of Mindmapping, at yesterday's opening of the inaugural
      455 words
    • Article
      Lock icon Chess tournament for Ascendas' clients in India
      167 8 THE Singapore Tourism Board (STB) and Singapore Airlines (SIA) have tied up with Ascendas, a business park developer, to launch "The Ascendas Grandmaster". Employees working out of the Ascendas IT parks in Bangalore, Hyderabad and Chennai will compete in chess and vie for
      167 words
    • Article
      Lock icon Temple's acquisition appeal dismissed
      314 8  -  CHEW XIANG By THE High Court has dismissed an application by three devotees of the Jin Long Si Temple, off Bartley Road, to declare that the acquisition of the temple site violates the Constitution. The government will now go ahead with the redevelopment of the land
      314 words
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  • SME spotlight
    • Article, Illustration
      Lock icon Sum kind of wonderful magic
      1148 9 Homegrown mega-illusionist tells TAN SEO YEAN how he manages his business 'like water' HE is no Bruce Lee, but like the legendary kungfu actor, homegrown mega-il-lusionist JC Sum elevated a traditionally obscure art to a new level of popularity and acclaim. While Bruce Lee brought
      ARTHUR LEI  -  1,148 words
    • Article, Illustration
      Lock icon First Mover Framework a boon for businesses
      585 10 PRO-ENTERPRISE CHANGES MCCM is one such firm that has benefited, writes OH BOON PING BUSINESSES can gain a first-mover advantage by developing an idea that maximises the use of a government asset under the First Mover Framework. Championed by The Pro-Enterprise Panel (PEP),
      ARTHUR LEE  -  585 words
    • Article
      Lock icon SMEs upbeat about year ahead
      399 10  -  OH BOON PING By SMALL and medium-sized enterprises (SMEs) in Singapore have a positive business outlook for the coming 12 months, a recent survey has found. This came as a result of strong market conditions due to high consumer spending and positive impact of the
      399 words
    • Article, Illustration
      Lock icon How bankers think when it comes to giving loans to SMEs
      525 10  -  CHEW XIANG OCBC official talks about the travails his tinier clients face By THE smallest companies make up the largest share of businesses in Singapore, says OCBC Bank's head of emerging business Tan Chor Sen. But "there's not enough
      ARTHUR LEE  -  525 words
    • Article
      Lock icon More financing options available for SMEs in Singapore
      868 10  -  VICTOR LEE By OUR local boys are learning to soar, and are making their mark overseas as the world becomes increasingly borderless. The SME community is a key pillar of Singapore's economy. It contributes 42 per cent of our GDP, and employs
      868 words
    • Article, Illustration
      Lock icon China Animal to boost R&D, seek acquisitions
      605 11 SMALL CAPS Firm expects demand for animal drugs to rise, says OH BOON PING CHINA Animal Healthcare, a producer of drugs for poultry and livestock, said it will strengthen its research capability and explore inorganic growth options to drive its business ahead. The
      WOO FOOK LEONG/UANHE ZAOBAO  -  605 words
    • Article
      Lock icon Portfolio dips 2.1% amid cautious mood
      394 11  -  TEH HOOI LING By INVESTORS remain cautious and continue to mark down their outlook of companies' operational performance. As a result, share prices particularly those of small-caps have continued to drift lower. Our portfolio slid 2.1 per cent in the five trading sessions to
      394 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      128 9 Our qualified professionals W/tk O can assist you with offshore (J 1 structures, shelf companies and incorporations in ALL jurisdictions including: jjujj^ffl I I British Virgin Islands P^U^^^^^^L Cayman Islands I Bahamas Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate I administration services are available. I We
      128 words
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      158 9 ds °e 2QD8 Conference I^FERBTTIATE OR SELL CHEAP Venue Marina Mandarin Hotel OtLL. Ulltnr Date 27 March 2008 Branding For Global Business Opportunities "Take the risk out of your \fj& internationalisation programme." yM Teng Theng Dar, CEO of Singapore Business Federation Attend the Singapore Brand Conference 2008 to hear Teng
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      44 9 I THE MONETARY AUTHORITY I OF SINGAPORE CORRIGENDUM Please note that in the advertisement for Application For Taxable Book-Entry Singapore Government Bonds, dated 21 February 2008, the line "First coupon payment date" should read as "Next coupon payment date". We apologise for the error.
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      27 10 Our hypoallergenic sleep solutions minimise i allergic and asthmatic reactions so l^\ you can experience complete holistic sleep and |V. all the benefits that come with it.
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      1068 11 Holistic service delivery process yields business success Creating an overall 'wow' experience is a critical part of good customer service As competition on its promise. implemented to enhance industry and commit to i gm; \ju ■Efj/ig!—— Bft intensifies, organisations Far East Flora.com Pte their service delivery service excellence. M need
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  • ECONOMY WATCH
    • Article
      Lock icon Top economists see growing signs of recession in US
      848 12 Plenty of bad news since last fall has led to more pessimism, finds NABE survey [WASHINGTON] Job growth is faltering, consumer confidence plunging. The fallout from the worst housing slump in a quarter century grows. Wherever one looks, the signs are
      848 words
    • Article, Illustration
      Lock icon US economy at standstill: Greenspan
      135 12 Reuters [JEDDAH] US economic growth has stalled and the longer it stays at zero, the more likely the world's largest economy will start to contract, former US Federal Reserve chief Alan Greenspan said yesterday. "As of right now, US economic growth is at zero," Mr
      ■ Reuters; BLOOMBERG  -  135 words
    • Article
      Lock icon Thai economy grew at fastest pace in six quarters
      355 12 Bloomberg [BANGKOK] Thailand's economy grew at the fastest pace in six quarters in the last three months of 2007 as exports of rice, cars and computer chips climbed. South-east Asia's sec-ond-biggest economy expanded 5.7 per cent from a year earlier, compared
      Bloomberg  -  355 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7895 12 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.907/ Star Europe Bond 1.196/ Star Europe Bal 1.157/ Star Asian Tiger Eqty 1.464/ Star Asia Bond 1.212/ Star Asia Balanced 0.999/ Star Global Technology Fund!** 0.192/ Multi St Fd 0.864/ Star Asia Bond(USD) 0.86/ Gib Multi St USD
      7,895 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Front promises peace, security and prosperity
      655 13  -  S JAYASANKARAN MALAYSIA ELECTIONS Manifesto boasts govt achievements amid unfulfilled promises of last poll By! in Kuala Lumpur PRIME Minister Abdullah Ahmad Badawi unveiled yesterday the ruling National Front's manifesto that bears the slogan "Security, Peace and Prosperity" ahead of Malaysia's 12th general election
      AFP  -  655 words
    • Article
      Lock icon M'sia keeps interest rate steady at 3.5%
      252 13 Reuters [KUALA LUMPUR] Malaysia's central bank kept its official interest rate on hold at 3.5 per cent yesterday, saying that there was no need for a change given uncertainties surrounding inflation and the global economy. The decision to keep rates steady was widely
      – Reuters  -  252 words
    • Article
      Lock icon MAS makes strong turnaround with record RM851m net profit
      579 13  -  PAULINE NG Airline's future will hinge on ability to re-invent itself: MD By I in Kuala Lumpur MALAYSIA Airlines has staged a strong turnaround, posting a record net profit of RMBSI million (***** million) in fiscal year to end December 2007.
      579 words
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      313 13 The Technology Entrepreneurship (TEN) Programme is put together by SIM University (UniSIM) and The Institution of Engineers, Singapore (lES), with the Executive Master supported under SPRING Singapore's Advanced Management Programme (AMP). With annual intakes commencing in July 2008, TEN is fast-paced and pragmatic, and provides the necessary tools, knowledge, resources
      313 words
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  • GREATER CHINA
    • Article
      Lock icon China rail builder plans US$5.4 IPO
      668 15 Reuters Mainland portion of issue cut but shares priced above market expectations [HONG KONG] China Railway Construction Corp aims to raise a larg-er-than-expected US$5.4 billion from an IPO that is on track to be the world's biggest stock sale this year, despite cutting the
      – Reuters  -  668 words
    • Article
      Lock icon China vows to stick to tight monetary policy
      294 15 -AFP [BEIJING] Inflation remains the primary risk to China's economy, and the government will stick to a tight monetary policy, state media reported yesterday, citing a central bank vice-governor. However, the tightening measures will be "proper" and "moderate" to avoid hurling the
      -AFP  -  294 words
    • Article, Illustration
      Lock icon Beijing students to learn Peking Opera
      372 15  -  Xinhua [BEIJING] Students in Beijing's schools found their grandfathers' favourite Peking Opera pieces in their music class repertoire as the new semester began yesterday. "I am expecting my first music class to learn Peking Opera and I expect to wear the fancy facial makeup,"
      REUTERS  -  372 words
    • Article
      Lock icon Inflation to hit 6.8%, says Goldman
      309 15  -  Xinhua [BEIJING] US investment bank Goldman Sachs has lifted its forecast of China's inflation this year to 6.8 per cent from 4.5 per cent in light of the rapid growth in money supply. M 2, the broader measure of money supply, which covers cash
      309 words
    • Article
      Lock icon Citigroup to up hirings for Taiwan wealth mgt
      335 15 Bloomberg [TAIPEI] Citigroup Inc, the most profitable foreign bank in Taiwan, said it plans to increase its wealth management unit's workforce by more than 40 per cent to tap the increasing number of millionaires on the island. The bank will add more
      – Bloomberg  -  335 words
  • Page 15 Advertisements
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      98 15 y^P FEBRUARY ISSUE r GET YOURS NOW! Substwo: A Cool«r Shack Of Fwtiw R»d ™(iyt&yjjp" -'siting ap*rt th* I Parasol I Power I Ul_ mJLJB!uJ^ J Enplotiisllwappeal I 11 SEI-FI ):!NiHar-.-itM :£2SS I I TMIIEK mrtf 188 TlfflE I fareastplOi .1 Grab this FIWffT'BT ineiMeasures^ndpitfalls month's ISSlie WtmUmmtmtm or online
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      3 15 LIVE LIFE BETTER!
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      67 15 BE THE FIRST TOKNOW Jffll Breaking 1 flews smsniert/ Monthly Subscription Rate English SMS Alert Business Finance News @$5.35/mth Singapore News @$4.28/mth World News @$4.28/mth Chinese SMS Alert Chinese News @$4.28/mth Soccer Info/News @$5.35/mth Dial #155 to sign up now and enjoy the first 30 days' subscription FREE! Service exclusive
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  • INDIA
    • Article
      Lock icon Reliance Power to give free shares to investors
      509 16 Bloomberg The 3 free shares for 5 is to compensate for the post-listing stock price slump [MUMBAI] Reliance Power, the company that raised US$3 billion last month in India's biggest initial public offering, has said it will issue free shares to investors
      – Bloomberg  -  509 words
    • Article
      Lock icon Bank unions call off strike
      157 16 Reuters [MUMBAI] Indian bank unions called off a planned two-day strike that was due to start yesterday after the unions and banking officials decided to meet next month to resolve their differences, a union spokesman said. "Yes, we have called off the strike as of
      – Reuters  -  157 words
    • Article
      Lock icon Frankenstein and Hitler to contest Meghalaya polls
      447 16 AFP [SHILLONG] When politician Adolf Lv Hitler-Marak stands for election in an Indian hill state next month, even he may have a tough time standing out in a field of the most unusually named candidates. Politician and school teacher Frankenstein Momin is also
      AFP  -  447 words
    • Article
      Lock icon India emerges as solar hub
      286 16  -  SIDDHARTH By SRIVASTAVA in New Delhi INDIA'S move to offer tax breaks and capital subsidies to semiconductor makers is having an impact, especially in the area of solar cells that convert sunlight into electricity. Junior federal Minister of Commerce Jairam Ramesh has announced that Reliance
      286 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Lee inaugurated as S Korean president
      520 17 Reuters [SEOUL] Sounding like a man in a hurry, Lee Myung Bak became South Korea's new president yesterday promising pragmatism over ideology to achieve his most pressing task reviving the economy. His inauguration speech was packed with pledges taken from his campaign for December's
      – Reuters; REUTERS  -  520 words
    • Article
      Lock icon US Jan home resales close to 10-year low
      515 17 AP, Reuters Median price down 4.6%, the fifth consecutive month of decline [WASHINGTON] Sales of existing US homes fell to the lowest level in nearly a decade in January while the median price for a home dropped for the fifth straight month.
      AP, Reuters  -  515 words
    • Article
      Lock icon Visa could raise up to record US$18.8b from share offering
      332 17 Reuters [NEW YORK] Visa Inc, the world's largest credit-card network, yesterday said it may raise up to US$lB.B billion in its eagerly awaited public sale of shares, which could make it the largest initial public offering (IPO) ever. The company
      – Reuters  -  332 words
    • Article
      Lock icon Qatar state fund looking to invest in European lenders
      498 17 Reuters [DOHA] Qatar's prime minister, who heads the country's sovereign wealth fund, said he favours investing in European over US lenders because US bank stocks are likely to fall further on sub-prime-mortgage writedowns. Qatar, which bought "under" 2 per cent of
      Reuters  -  498 words
    • Article, Illustration
      Lock icon Heavy snowfall slows fleet
      357 17  -  -Clipper Ventures FOLLOWING a fantastic send-off from Qingdao's Olympic Sailing Centre on Sunday the race restarted in Fuschan Bay as thousands of spectators looked on. As the sun and the fleet later disappeared over the horizon, the wind also vanished, forcing the boats to drop anchor
      357 words
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      90 17 mX~ Bffeahing MP Hews BE THE FIRST TO KNOW Monthly Subscription Rate MA* lert Dial #155 to sign Business Finance News @$5.35/mth >* Singapore News @$4.28/mth ||D 11OW cHICI GnjOV World News @$4.28/mth --T J, 7 chineseSMSAiert the first 30 days •Chinese News @£?f' m 2 subscription FREE! Soccer Info/News
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  • WORLD
    • Article, Illustration
      Lock icon 'No Country' bags four Oscars, including Best Film
      757 18 Bloomberg [LOS ANGELES] No Country for Old Men, the bloody story of a drug deal gone bad, won the Oscar for the year's best film, capping a ceremony that was almost derailed by Hollywood's labour strife. Daniel Day-Lewis won best actor for
      – Bloomberg; ■: Reuters  -  757 words
    • Article
      Lock icon BURSA MALAYSIA
      2293 18 VOL C000) :eb25 RM ASM Realty 0.68 \bric Bhd 0.21 advance Synergy 0.14 Adventa Bhd 1.29 AeMuIti Hldgs 0.27 Win Holdings 2.09 Ahmad Zaki Resou 1.25 AicCorp 0.64 \irasia Bhd 1.55 Akn Technology 0.56 alliance Financi 2.97 AluminiumCo 1.07 Amalgamated Ind 0.49 tamb Hldgs Bhd 3.74 Amtel Holdings
      2,293 words
    • Article
      Lock icon Microsoft unveils trial for new measure of online ads
      230 18 Reuters [NEW YORK] Microsoft Corp said yesterday that it would test a new way to measure the effectiveness of Internet advertising in a challenge to an industry standard that has helped the likes of Web search leader Google Inc. Microsoft's "Engagement
      Reuters  -  230 words
    • Article
      Lock icon Congress mulls more reliefs for homeowners
      534 18 -AP Easing bankruptcy rules, giving govt aid to homeowners facing foreclosure among proposals [WASHINGTON] The US Congress is set to examine another round of possible repairs for consumers and investors threatened by widening cracks in the housing market. Proposals include easing bankruptcy rules, shielding
      -AP  -  534 words
    • Article
      Lock icon Deal on new IMF voting formula likely in April
      321 18 -Reuters It'll give emerging economic powers more say in Fund [WASHINGTON] International Monetary Fund (IMF) member countries are expected to take an important step in giving emerging economic powers more say in the global financial institution by approving a new voting
      -Reuters  -  321 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Motoring turns green in Singapore
      517 19 MINDSETS take time to change, even if it concerns the preservation of the Earth. But advocates of environmentally friendly vehicles would have been encouraged by recent developments in Singapore, which, taken together, suggest that local motorists would no longer view the pet-rol-driven car as their
      517 words
    • Article, Illustration
      Lock icon Pakistan poll outcome: rejection of status quo
      1296 19  -  AASIM SAJJAD AKHTAR Amid rigging and low turnout, most of those linked to Musharraf regime are defeated By PAKISTAN has not had many elections in its 60-year history, and those that have taken place have typically been mired by various irregularities. Arguably, the
      AP  -  1,296 words
    • Article, Illustration
      Lock icon Change US foreign policy dramatically? No, They Can't
      803 19  -  LEON HADAR THE BOTTOM LINE I HAVE been receiving a lot of emails from friends from around the world who may have been following the US presidential primaries races with more intensity than some of my colleagues in Washington. Most of the
      803 words
    • Article, Illustration
      Lock icon China's next big export – services
      1289 20  - China 's next big export services TIGER TONG The sheer size of its graduate pool and the expertise of students returning from overseas provide a good foundation for outsourced services if China can train the new graduates quickly enough By RECENT news on the inflation front does not bode well
      AP; : China Knowledge  -  1,289 words
    • Article, Illustration
      Lock icon Stuck between a peg and a hard place
      924 20  -  WILLIAM PESEK JR O -Bloomberg The HK dollar's peg to the greenback has served the currency well, but has now outlived its usefulness and HK's economy is paying the price EVERYONE thinks of changing the world, Leo Tolstoy once wrote, but no
      O -Bloomberg; AFP  -  924 words
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  • SHIPPING
    • Article
      Lock icon Insurance premiums may go up
      418 21  -  VINCENT WEE Premiums may rise by as much as 30% due to rising trend of incidents BY [SINGAPORE] Rising losses from navigational accidents last year may lead to significantly higher insurance premiums this year, according to DNV Maritime Solutions. The marine consultancy arm of Det
      418 words
    • Article, Illustration
      Lock icon Historic RoRo vessel launch for ST Marine
      286 21  -  VINCENT WEE By [SINGAPORE] ST Marine will play a small part in the production of the Airbus A3BO after it launched on Saturday the first of two roll-on roll-off (RoRo) vessels to be chartered to Airbus for transporting sections of large aircraft components
      286 words
    • Article
      Lock icon Indonesian navy ferries passengers amid poor weather
      190 21 AFP [JAKARTA] The Indonesian navy has dispatched a ship to ferry passengers and cargo to and from an island off Java which has been isolated by weeks of bad weather and high seas, a navy spokesman said yesterday. The KRI Sampit was sent
      AFP  -  190 words
    • Article
      Lock icon Dry bulk rates expected to rise
      388 21 Bloomberg [HONG KONG] Dry bulk shipping rates may rise because of China's higher demand for steel and before an annual gain in contract prices of iron ore, the main material for making the metal. The Baltic Dry Index, an overall measure of commodity shipping
      – Bloomberg  -  388 words
    • Article
      Lock icon Asian Aframax rates may rise
      293 21 Bloomberg [SINGAPORE] Asian aframax charter rates may advance for a third week, boosted by increased demand for ships to carry March cargoes and rising bookings for larger tankers. The rate to transport 80,000 metric tons on an aframax from Kuwait to Singapore rose 1.1 per
      – Bloomberg  -  293 words
    • Article
      Lock icon Israel's ZIM eyes US$500m HK IPO: report
      160 21 Reuters [HONG KONG] Israel-based ZIM Integrated Shipping Services can potentially raise more than US$5OO million from its initial public offering in Hong Kong, a Hong Kong newspaper reported yesterday. The South China Morning Post cited an unidentified source as saying that the Israel
      – Reuters  -  160 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        108 21 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.63 0.35 4.28 0.88 2.31
        108 words
      • Article
        Lock icon KLSE
        37 21 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.88 9.10 8.95 4.16 3.06 0.22 unch unch -0.10 -0.05 -0.02 0.04 -0.04 unch 21 429 798 1197 27 35 0
        37 words
      • Article
        Lock icon BANGKOK
        12 21 '00 'recious Ship Regional Cont 28.00 24.80 0.25 0.10 1051 391
        12 words
      • Article
        Lock icon HONGKONG
        6 21 '000 toil 42.50 -0.40 801
        6 words
      • Article
        Lock icon PHILIPPINES
        17 21 '000 Aboitiz Equity ntl Container Keppel Marine 6.90 32.00 2.10 -0.20 unch -0.20 589 3651 1
        17 words
      • Article
        Lock icon TAIPEI
        23 21 Evergreen Marine ...25.55 :irst Steamship 68.60 /Van Hai Lines 26.00 fang Ming Marine ..20.50 0.95 4.40 1.00 0.50 3: i 3 31
        23 words
      • Article
        Lock icon TOKYO
        35 21 '000 :awasakiHvylnd...260.00 13.00 ***** :awasaki Kisen ....1141.00 35.00 6070 /litsubishi Hvy 519.00 36.00 *****1 /litsui Eng&Sbldg ..321.00 25.00 ***** /litsui Osk Lines ..1492.00 61.00 ***** Jippon Express 566.00 5.00 8622 lipponYusen 1046.00 41.00 *****
        35 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      988 21 IN THE MAnER OF I^^^k THE COMPANIES ACT, CAP. 50 A| HOUSING intheZherof F nFVFI OPMFIMT sherrington pte. Ltd. UVj V Ii,L,Ut*JYUI/IN 1 "^k N MEMBERS' VOLUNTARY U nniDT) LIQUIDATION) S JSUAKLI -^k C0.REG.N0.*****7926R NOTICE OF RESOLUTIONS LET The following Sole Member's Resolutions in V writing of the Company were
      988 words
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  • AVIATION
    • Article, Illustration
      Lock icon US to pick new refuelling tanker jet this week
      832 22 Reuters Boeing tipped to win USs4ob deal but Northrop-EADS has a fighting chance [WASHINGTON] The US government is due to pick the winner this week in a huge warplane competition that pits No 2 US defence contractor Boeing Co against a
      – Reuters; AP  -  832 words
    • Article
      Lock icon Auckland Airport suggests selling shares
      289 22 Bloomberg [WELLINGTON] Auckland International Airport Ltd, New Zealand's busiest, said its stock has fallen enough to make a partial takeover by a Canadian fund manager attractive, though a majority of directors oppose the plan. The company's board said Canada Pension Plan Investment Board's NZ$3.6O-a-share bid
      – Bloomberg  -  289 words
    • Article
      Lock icon BOC Aviation to lease 8 planes to Qantas
      227 22  -  YEN SREENIVASAN By SINGAPORE-BASED BOC Aviation has signed agreements with Qantas Airways of Australia for the lease of eight new Airbus A3 20 aircraft. The aircraft will be delivered new from Airbus between the third quarter of 2010 and the first quarter
      227 words
    • Article
      Lock icon NZ to boost security at regional airports
      125 22  -  Xinhua [WELLINGTON] New Zealand will strengthen security at its regional airports by training staff to pay close attention to passengers, Transport Minister Annette King said yesterday. Another measure she announced was that the Civil Aviation Authority has been told to speed up a
      125 words
    • Article
      Lock icon AICRAFT ARRIVALS AND DEPATURES
      2455 22 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,455 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      138 22 BT/ZUJI Deals of the Week BUSINESS CLASS (from ECONOMY CLASS (from I HOTEL (from Jakarta $385 $105 $62 Lufthansa Lufthansa DESTINATIONS BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Bangkok $489 (Thai Airways) I $130 (Thai Airways) $75 Rain Beijing $1,069 (Garuda Indonesia) $391 (Garuda Indonesia) $48 Sunny Frankfurt
      138 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      405 22 CRYPTIC CROSSWORD ACROSS 1 Something hanging around n I R I p I [4 I I 5 I HH^ |7 I |8 front of cave -at least it __^l__^l__^l__^l__^_^J__ might be (10) HJ HJ HJ IHJ h^^k^m l^ll 6 Statistical information —HB HW turned over at short notice I 'I
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8524 23 Transaction date: Feb 25 52-wks Tel )h Low Code Last Sale Vol ('000) Hit Day Last Quote |h Low Buyer Seller Div GrYld C'vr Net P/E MCap $mil Hii Com[ 1 an; 5716 1st Software 22 6.5 3148 STelecom 28.5 11 5834 A-Sonic 107 98 6389 ABF SG
      8,524 words
    • Article
      Lock icon SGX XTRANET
      74 23 52-Wk Tel Hiqh Low Code Last Sale Vol COOO) Day ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi .bji 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** *****
      74 words
    • Article
      Lock icon SGX CATALIST
      2073 23 52-Wk Tel Hiqh Low Code Last Sale Vol Cooo) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi ran' Hii 30 11.5 1181 s AAGrp 41.5 18 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System
      2,073 words
    • Article
      Lock icon CLOB INTERNATIONAL
      213 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      213 words
  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      26 23 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Jm °!sg JS^K 9 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676.
      26 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb 22 World Index Preliminary 1016.6 -0.8 -10.2 -0.9 -11.5 -0.6 -9.! EAFE Preliminary 988.1 -0.9 -11.8 -0.9 -12.2 -0.6 -10.: Euro[ Preliminary 1360.3 -0.9 -11.9 -0.9 -13.1 -0.6 -11.1 Pacific 847.2
      363 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      128 24 As at 9am Feb 25 of foreign currency: Currencies Bid Offer Aust dollar 1.2890 1.3040 Can dollar 1.3810 1.3970 Euro 2.0720 2.0960 NZ dollar 1.1250 1.1490 Sterlin mnd 2.7490 2.7800 US dollar 1.3980 1.4140 Local dollars to 100 units of foreign currency: Currencies Bid Offer Chi
      128 words
    • Article
      Lock icon INTERBANK RATES
      159 24 Feb 25 Overnight 1 1-month 1 7/16 2-months 1 1/2 3-months 1 9/16 Overnight mode: 11/16 US$ Offer 3/4 1 5/16 1 3/8 1 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 3.15 3.15 3.13 3.14 3.05 3.00 3.00
      159 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 24 Feb 25 STI SIMSCI Feb 381.2 382.3 380.7 Taiwan Feb 316.1 324.8 322.9 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 24 Feb 25 Bid Offer 1-month 1.4030 1.4044 2-months 1.4009 1.4024 3-months 1.3994 1.4009 6-months 1.3945 1.3962 Source: OCBC
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Feb 25 Currencies Bid Offer Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.3004 1.3022 0.9254 0.9259 Canadian dollar 1.3905 1.3919 0.9895 0.9897 Euro 2.0818 2.0840 1.4815 1.4818 NZ dollar 1.1364 1.1381 0.8087 0.8092 Sterlim ind 2.7581 2.7612 1.9628 1.963: US dollar 1.4052 1.4064
      154 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      359 24 Feb 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar08 Jun08 Sep08 Dec08 97.032 97.325 97.425 97.370 0 0 0 0 ***** ***** ***** 6651 EUROYEN FUTURES Mar08 99.150 99.150 Jun08 99.250 99.255 Sep08 99.330 99.330 Dec08 99.320 99.320 Mar09 99.260 99.260 Jun09 99.195 99.195 Sep09
      359 words
    • Article
      Lock icon SICOM FUTURES
      289 24 Feb 25 KUbbbK 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 08 406.00 409.25 410.75 410.50 410.50 409.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      289 words
    • Article
      Lock icon CHICAGO BOT
      104 24 Feb 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar08 1420.00 1405.75 1422.00 1399.50 May 08 1438.25 1424.75 1440.00 1417.50 Jul 08 1452.75 1439.50 1454.00 1433.00 Aug 08 1441.00 1428.50 1442.00 1431.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 08 62.30 61.31 62.35 61.40
      104 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Feb 22 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 96.43 -1.48 WTI (Near Mth) 99.15 0.92 Dubai (1 -Mth F) 92.04 -1.04 Tapis blend 102.1 -0.8 Minas 97 -1.2 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 96.95 113.40 -2.00 -3.5 USS/barrel Opec
      77 words
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      Lock icon INTERBANK CROSS RATES
      447 24 Feb 25 Australia 0.935 6.617 0.625 7.218 37.024 84.396 0.995 8.767 2.976 1.144 57.636 37.651 1.301 7.117 1.008 28.952 29.875 0.472 0.926 Canada 1.069 7.074 0.668 7.716 39.582 90.228 1.063 9.373 3.182 1.223 61.618 40.252 1.391 7.609 1.077 30.953 31.940 0.504 0.990 China 0.151 0.141 0.094 1.091
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      Lock icon GOVERNMENT SECURITIES
      87 24 Feb 25 Period Issue code Maturity Yesterday's Bid Hii Day's ill Low 3-Month BQ*****W 29.05.08 1-Year BY*****A 29.09.08 1.34 1.36 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High 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 15-Year NY*****X 3.125
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      Lock icon SIBOR
      76 24 Feb 25 1 mth 3.***** 1.***** 2 mths 3.***** 1.***** 3 mths 3.***** 1.***** 6 mths 3.***** 1.***** 9 mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
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      Lock icon PALM OIL
      62 24 Feb 25 Delivery Month Opening Range Sett Av Price Price Hii Low Vol Open Done Position Mar 08 3796 3848 3880 3795 480 2493 Apr 08 3785 3862 3910 3772 2751 ***** May 08 3782 3866 3914 3776 8902 ***** Jun 08 3790 3880 3908 3775 1366 3776
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      Lock icon PRECIOUS METALS
      138 24 Feb 25 GOLD (USS/oz) Feb 25 Feb 22 Hong Kong London 944.90 941.50 945.90 942.50 Feb 22 Feb 21 943.20 950.50 944.10 951.40 Source: Reuters CAST BAR (S|) Feb 25 Buying Sellini Kilobar "45,820.61" ***** PAMP GOLD BARS (S$) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
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      Lock icon LONDON METALS
      71 24 Feb 22 minimum, 99.7 jrity (USS/tonne) Co Close Previou: Cash 2883.80 2909.20 3 months 2920.00 2945.00 Copper, Grade A (USS/tonne) Cash 3 months 8374.50 8330.00 8487.00 8425.00 Lead (USS/tonne) Cash 3273.00 3 months 3260.00 3353.50 3336.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash
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      Lock icon LIFFE
      81 24 Feb 22 Close Prev Hii ih/Low Mar 08 1294 1260 1297/1252 May 08 1322 1287 1324/1280 Jul 08 1346 1310 1347/1303 Sep 08 1346 1317 1347/1314 COFFEE (USS/tonne) Close Pev High/Low Mar 08 2468 2407 2476/2420 May 08 2502 2445 2510/2450 Jul 08 2523 2464 2532/2470 Sep 08 2533
      81 words
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      Lock icon BONDS & WARRANTS
      1800 24 BONDS WARRANTS Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 9092 Asia Environment W*****4 20 2.5 1 1 38 -3 2.97 18 8756# Asiatic Grp (H) Ltd W*****2 5 -3 14 1 3 -6 1.70 31 2878Aztech Systems W*****6
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      2946 27 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SINDestjnName Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name
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      697 27 29/02 14/03 Shandong SYMS EXPRESS I 808S 6225 3522 29/02 14/03 Sinokor SYMS EXPRESS 2 808S *****516 01/03 11/03 SCI KOTAPAHLAWAN YPH079 *****355 03/03 14/03 AustralAL PAPUAN GULF 063S *****333 05/03 10/03 SCI EMIRATES LIBERTY 808E *****355 05/03 12/03 Shandong CHINA STAR 50E 6225 3522 07/03 16/03 Sinokor HJ 0INGOKO
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  • PROPERTY
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      Lock icon UBS fund for China property
      667 28 Reuters Fund to pour US$l b in housing; bank seeks USs3oom to finance venture [HONG KONG] ÜBS plans to launch a fund that will pour about US$l billion into Chinese property, a further sign of enthusiasm for Asia at a time when investors are nervous
      Reuters; AP  -  667 words
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      Lock icon ING keen on China, HK property stocks
      366 28 Reuters [HONG KONG] Investors should be overweight on Chinese and Hong Kong property plays, as China's efforts to cool the sector are more than offset by strong long-term growth prospects, an ING Groep fund manager said yesterday. But Japanese and Australian property stocks,
      Reuters  -  366 words
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      Lock icon UK house prices fall for 5th month in a row
      275 28 Reuters LONDON] House prices in England and Wales fell for a Ifth month running in February, pushing the annual rate af inflation to its lowest since April 2006, a survey showed yesterday. However, there were also signs of improving iemand,
      – Reuters  -  275 words
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      Lock icon CapitaLand targets Vietnam amid demand for homes
      645 29 Bloomberg It's biggest market potential for group in S-E Asia outside Spore, says CEO [SINGAPORE] Capita Land Ltd, South-east Asia's biggest developer, is turning to Vietnam as growth slows in its home market of Singapore, after apartments at the company's first project in
      – Bloomberg; FILE PHOTO  -  645 words
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      Lock icon Asian real estate body sets up Singapore chapter
      374 29  -  ARTHUR SIM The country could become a major Reit centre for the region By THE Asian Public Real Estate Association (Aprea), which represents and promotes publicly traded AsiaPacific real estate, has set up a Singapore chapter, following those set up in Hong
      374 words
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      Lock icon Frasers to add Tokyo property to portfolio
      249 29 SERVICED apartment operator Frasers Hospitality is expanding its footprint in North Asia with a maiden project in Japan. The group said in a press statement yesterday that it was adding Fraser Place howff Shinjuku, Tokyo to its portfolio as part of its plan
      249 words
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      395 28 BUNGALOW LAND FOR SALE Bishopsgate 17,0005f Fourth Aye 27,0005f Belmont 22,0005f Oriole Cres IO,OOOsf ClunyPark 16,0005f CamdenPark 35,0005f Cornwall Garden 22,0005f Nassim 17,0005f Dalveyßoad 15,5005f Holland 16,0005f LAND FOR REDEVELOPMENT Astrid Hill 23,0005f Yarwood 16,0005f BinTong 27,411 sf Cable Road 36,0005f BtTunggal 17,0005f Chancery Lane 27,0005f Gallop Park 15,0005f ClunyPark
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