The Business Times, 15 December 2008

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Total Pages: 29
1 29 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Monday, December 15,2008
    23 words
  • 868 1  -  LYNETTE KHOO Rough ride ahead but bank on bottom-fishing opportunities in 2nd half-year, they say [SINGAPORE] For stockmarket investors gazing into the new year, any decisive rebounds and opportunities for bottom-fishing are likely to come in the second half of the year, analysts say.
    868 words
  • MARKETS DIGEST
    • 52 1 IT Index 1,740.34 +81.17 1COMP 852.27 +13.99 MKKEI 225 8,235.87 +318.36 IANG SENG 14,758.39 +912.30 ;et index 424.79 +31.92 JAKARTA COM P 1,262.97 +60.63 IANILACOMP 1,893.74 +4.78 ;eoulcomp 1,103.82 +75.69 ;henzhen b 276.04 -6.73 IUMBAI IND 9,690.07 +724.87 )OW 8,629.68 -5.74 IASDAQ 1,540.72 +31.41 ;&P 500 879.73 +3.66 =TSE
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONG KONG 5.00 INDONESIA 16.710 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 2.00 US 4.00 CANADA 3.50 SWITZERLAND 2.04 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • 44 1 US: US: 1.492 :us$/s$ 1.493 2.229 EURO (US$,S$/E) Foreign currency p 1.329 per US$ 1.984 S$ 'EN 89.60 60.10 RM 3.578 2.397 HK$ 7.750 5.193 BAHT 35.09 23.51 RUPIAH 11,063 7,413 RENMINBI 6.847 4.588 INDIAN RUPEE 48.54 32.52 1.537 1.030 IZ$ 1.841 1.234
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  • 472 1 Reuters, Bloomberg Original USs6oob package considered too low now: report [NEW YORK] Presidentelect Barack Obama's team is considering a plan to boost the US economy that could be far larger than previous estimates and might reach US$l trillion over two years, the Wall
    Reuters, Bloomberg  -  472 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 74 1 Wr>'^%& us STOCKS ECONOMIES YOUNG INVESTORS ART OF WAR Wall St walks away Spore should tap The Tao of asset Zap for Sun Tzu's strategies! 4.4™& from car wreck stronger deeper into Asia management Win an Epson wireless \l* m PAGE 2 PAGE 4 PAGE 11 projector! PAGE 16 Gourmet
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 60 2 FOR stockmarket investors gazing into the new year, any decisive rebounds and opportunities for bottom-fishing are likely to come in the second half of the year, analysts say. Till then, investors will be in for a tough ride marked by more downsides and volatility
        60 words
      • 80 2 PRESIDENT-ELECT Barack Obama's team is considering a plan to boost the US economy that could be far larger than previous estimates and might reach US$l trillion over two years, the Wall Street Journal has reported. Mr Obama's aides, who were considering a half-trillion-dollar
        80 words
      • 73 2 PRIME Minister Lee Hsien Loong will today sign the Gulf Cooperation Council-Singapore Free Trade Agreement in Doha, the capital city of Qatar. It will be the first FTA inked by the GCC as a group, which comprises six Arab states:
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      • 122 2 SINGAPORE may need to re-examine export strategies and seek to tap more into Asian growth, economists at a Singapore Economic Roundtable said last week. Singapore's high export dependence on the Group of Three the US, Europe and Japan (including, indirectly, via exports to China)
        122 words
      • 73 2 TRANSPAC Industrial Holdings last Friday night announced a proposed renounceable non-underwritten rights issue with free detachable warrants that will raise net proceeds of up to $87.3 million. Transpac plans to use the proceeds to repay outstanding bank loans, purchase beneficial interests from other
        73 words
      • 78 2 CHINA plans to increase the amount of money circulating in its economy next year in a new effort to spur consumer spending and shield the country from a global downturn. Last Saturday's announcement by the Cabinet comes on the heels of a
        78 words
      • 83 2 PC GIANT Dell Computer is betting that Singapore's upcoming integrated resorts will provide a silver lining for its growth at a time when most enterprises are tightening their technology purse strings. IT companies have been closely tracking Marina Bay Sands and Resorts World due
        83 words
    • 313 2  -  CHUANG PECK MING This will be the first such agreement inked by Gulf Cooperation Council [SINGAPORE] Prime Minister Lee Hsien Loong will today sign the Gulf Cooperation Council-Singapore Free Trade Agreement in Doha, the capital city of Qatar. It will
      313 words
    • 836 2  -  ANDREW MARKS Analysts heartened by Friday rally but brush off impact of expected rate cut By in New York WHAT if the US central bank lowers interest rates this week and no one cares? That could well be the case, for the
      REUTERS  -  836 words
    • 887 4  -  TEH SHI NING Economists explore nation's options in face of downturn and changing world [SINGAPORE] Singapore may need to re-examine its export strategies and seek to tap more into Asian growth, economists at a Singapore Economic Roundtable said last week. Singapore's high export dependence
      BLOOMBERG FILE PHOTO  -  887 words
    • 383 4 Reuters, AP President banking on big discount in restructuring debt [QUITO, Ecuador] In a move that riled bondholders, Ecuadorean President Rafael Correa last week declared that the country would be defaulting on US$3O.6 million in interest due on US$5lO million in debt due today. He
      Reuters, AP  -  383 words
    • 501 4  -  HUGO DIXON P breaking .com WHAT were funds of funds doing backing Bernard Madoff s alleged US$5O billion Ponzi scheme? Didn't they do due diligence? Didn't they spot the red flags that might have suggested that something was fishy? These are the questions investors who
      501 words
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    • 61 4 RECESSION STOCK CLEARANCE Am A^ > S^^ I Lianhe Zaobao LC I Despite economic slowdown ends 24 dec No shortage w j^ttom^mßSSS^M of orders E^^mmm**—^^- projects Amy for listed #2 > jyP, Chinese > WV'' water firms Gold Silver H,ndc. ,r,c IVJ--302 ORCHARD ROAD #06-04 A TONG BUILDING S^^^^^^f^^^'^^'T—T-^ (ROLEX
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    • 145 5 Improving lives through advanced technologies. ____-_t~~- BinPlteriifill* n¥, KitaimaKiiJiiimnMian' W -rf'—^T^^B /tf "''i"^ 7 "^sm—^ K^^mmmß umidiniiiisipiirjiii1 r~~T~i^*B J^H /^B iVI ""*t_ Hitachi 1.5 World's First Ultra Thin Full HD LCD TV. Hitachi's goal is to empower lives in every aspect with advanced and eco-friendly technologies. It is this quest
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  • SINGAPORE MARKETS
    • 657 6  - Investors should be wary of underestimating risks again R SIVANITHY STOCKS HOPE, it's said, springs eternal. In the US, Wall Street hopes that its carmakers will be bailed out by the Bush administration tapping into its US$7OO billion fund that was supposed to help unfreeze credit markets. In addition, it
      657 words
    • 478 6 AFP COMMODITIES [LONDON] Oil prices rebounded while aluminium and copper futures hit fresh multi-year lows in a week of volatile trading for commodities. Oil: Oil prices rallied sharply as Russia said it would join Opec in likely cutting crude production. "Oil
      AFP  -  478 words
    • 372 6 Payment (cts) Ex Books date close Pay date Asia Pac Brew ak 18.000 28-Jan 30-Jan 10-Feb Asiatravel.Com ak 1.100 05-Feb 09-Feb 19 Feb Tech an 1.200 27-Hov 01-Dec 16-Dec ioustead S 1.500 01-Dec 03-Dec 18-Dec Bukit Sembawani I 03-Dec 05-Dec 18-Dec Cerebos Pac af 19.000 03-Feb 05-Feb 16
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    • 502 6 ■AFP CURRENCIES -[HONG KONG] Asian currencies rose against the dollar last week with the yen soaring to a 13-year high as fears escalated over the US economy. Japanese yen: The Japanese yen surged to a 13-year high against the dollar as
      ■AFP  -  502 words
    • 1549 6 Source: Thomson Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlgreen Props ■erties 2.58 2.58 12 6.21 6.61 0.69 0.41 ,RA Asset Mi 2.00 2.00 6.75 5.33 0.81 0.36 ,rmstroni Ind Con 1.50
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    • 4 6 WEEKLY
      4 words
    • 61 6 Dec 12 VALUE CLOSE IT OB/OS 207.00-224.0C IT CADI -*****.00-122.0i IT 10-day MA -*****.00 +20.0i TSE ST Mid Cap 341.54 -4.7: TSE ST Small Cap 290.68 -3.5, TSE ST All Share 415.07 -11.21 TSE ST China Top 184.12 -4.6! TSE ST China 186.67 -4.8; IOB Catalist 75.54
      61 words
    • 64 6 VOLUME Golden A( |ri 515,525,000 China Horn ixim 193,941,000 Cosco Con 170,084,001 IndoAi 147,318,000 Noble Gn 134,564,000 Straits Asia 126,675,000 Yam iziii jiam 115,874,00! Sini [Tel 115,492,000 SembMar 112,712,000 Caj i Land 82,353,00! VALUE($) DBS Gr| 575,311,296 Sim |Tel 306,871,078 UOB 286,682,157 SGX 237,074,410 .and 223,645,00* Kei
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    • 106 6 CLOSE UP 8046 680.2 6.0 LD 10US ICBC Bk5.1%NCPS 100 9000 500.0 5.9 iTXPO 100 850 165.0 24.1 ICBCCai 5.1%NCPS 100 8600 120.0 1.4 DBS Gr| 1010 95.0 10.4 China H 10US 1022 85.0 5.9 MS India 10US$ 754 83.5 8.0 At 602 77.0 14.7 lUE 1200 74.0 6.6
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    • 117 6 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN 317 -43.0 -11.9 SPH OCBC Bk RBePW*****3 145 -30.0 -17.1 Star Hub 176 -21.0 -10.7 Chem Ind 50 -18.0 -26.5 DBS DB ePW*****2 56.5 -15.0 -21.0 DBS RB ePW*****3 141 -14.0 -9.0 SMRT
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    • 87 6 Source: Thomson Reuters Where S$ stands Dec 12 %CHNG CLOSE FR Dec 11 YR2008 S$ LOW S$ HIGH USS 1.4932 -0.01 1.5346 1.3457 Euro 1.9843 -1.46 2.2064 1.8640 Pounds 2.2204 0.33 2.8431 2.2111 AS 0.9752 0.96 1.3251 0.9068 Yen* 1.6534 -2.16 1.6899# 1.2619 Rupiah* 0 ***** 0.45 0.***** 0.*****
      87 words
    • 1555 8  -  ROBERT HALILI INSIDE MARKETS Institutional shareholders stay bearish with huge sales recorded in several firms during the week BUYERS remained cautious during the holiday-shortened week of Dec 9 to 12 with only 29 companies that recorded 51 purchases worth $6.4 million. The buy figures
      1,555 words

  • COMPANY NEWS
    • 453 7  -  KALPANA RASHIWALA Agreement inked in Sept failed to be concluded within stipulated period ICONIC Holdings's proposed one billion yuan (*****.7 million) reverse takeover of a property-relat-ed company in China is off. This is because an agreement inked on Sept 12 for the
      453 words
    • 694 7  -  SIOW LI SEN THE Monetary Authority of Singapore (MAS) has said recently in response to BT queries that it won't intervene when ii comes to repossession of a home if the mortgage is in default. To put the issue into context, BT posed
      694 words
    • 492 9  -  KALPANA RASHIWALA Proceeds to be used to repay loans, buy beneficial interests, expand businesses TRANSPAC Industrial Holdings has proposed a renounceable non-underwrit-ten rights issue with free detachable warrants that will raise net proceeds of up to $87.3 million. Transpac plans to use the proceeds to repay
      492 words
    • 218 9 Fragrance Grp E 168 Changi Road #05-01 Attic Level Fragrance Building Singapore *****0 15-Dec 9.00am Hyflux Water Trust E The Auditorium, Hyflux Building, 202 Kallang Bahru, Singapore *****9 16-Dec 11.00am Shangri-La Asia S Island Ballroom, Level 5 Island Shangri-La Hotel Pacific Place, Supreme Court Rd Central, Hong Kong
      218 words
    • 399 9 Dec 12 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5
      399 words
    • 422 9 Black-Scholes model first 3 variables WARRANT INSIGHTS LAST week, we looked at how the Black-Scholes pricing model is constructed. Hopefully, that explanation has removed some of the mystique associated with the model and enabled readers to now understand it a bit better than before. Here is a bit more on
      422 words
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    • 2051 8 w^4 MATS ffiA7S >/^ JL^I V/ X JL^.^ JLi i 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg JL V^>/ JL JL^^ JLj LJ IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF I^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP.
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  • SINGAPORE NEWS
    • 387 10 PCPS plan extended to cover diabetes, high blood pressure, lipid disorders MORE elderly needy folks will qualify for subsidised medical treatment at neighbourhood general practitioners (GPs). The Ministry of Health is raising the maximum income eligibility to $800 per capita monthly household income from
      387 words
    • 391 10  -  THEODORA KEE By THERE is little optimism around as economies crumble and nations retreat into recession one by one. But Stanley Lee, general manager of IT retail solutions provider Torex, reckons the current financial crisis is "a good opportunity". "Previously, everybody was busy,"
      391 words
    • 188 10 APPROVAL for an enbloc sale by owners of Laguna Park apartments crossed the 80 per cent threshold on Friday, Channel News Asia reported yesterday. This allows the owners of the 30-year-old condominium to proceed to market the site, which has a total land area of about
      188 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1080 11 Investors should recognise that fund managers can and do, if properly tapped, bring value in the long run, says JASON LOW THE repute of the asset management industry might have taken a beating lately given the recent high profile failures of investment products in clients'
      1,080 words
    • 854 11 CAMPUS LIFE KOH LI PEI writes about her three months working at a trading company in Ningbo MENTION China and probably the two most famous cities Shanghai and the capital Beijing come to mind. But how about "sec-ond-tier" cities such as Qingdao, Chengdu or Wuhan?
      SMU  -  854 words
    • 204 11 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 11 Advertisements
    • 46 11 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • DINING OUT WITH citibank
    • 2767 12  - AMERICAN INT'L CLASSICS JAIME EE, AUDREY PHOON CHEAH UI-HOON LAWRY'S THE PRIME RIB #02-42/44 Paragon Shopping Centre 290 Orchard Road. Tel: 6836-3333 THERE are a number of eating establishments along Singapore's main shopping belt that offer some of the best windows to the bustling Orchard world: the Royal Copenhagen Tea
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    • 784 12  -  I JAIME EE POWER Lunch By GAVIN Woo lives to eat. There's no doubt about it, especially when the managing director of Office Planner rattles off the names of his favourite restaurants here and overseas while fondly remembering his mother's cooking and sugar-laced childhood. "I had
      YEN MENG JIIN  -  784 words
  • Page 12 Advertisements
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    • 5 12 Brought to you by citibank
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    • 32 12 liiit'ili flow] HUH Please refer to citibank.com.sg for full details. Indulge in over 1,000 gourmet pleasures with your Citibank credit card. For more gourmet treats, visit: citibank.com.sg pa Mobile Gourmet J citibank.com.sg/singapore/gpmobile
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  • ECONOMY WATCH
    • 561 13 -AP, Bloomberg Move comes after exports fell in November for the first time in seven years [BEIJING] China said that it plans to increase the amount of money circulating in its economy next year in a new effort to spur consumer spending
      -AP, Bloomberg  -  561 words
    • 302 13 Bloomberg [NEW YORK] Interest rates on US commercial paper fell to the lowest in at least 12 years a day after the Federal Reserve said that the market expanded the most in five weeks. Rates on the high-est-ranked 30-day commercial paper
      – Bloomberg  -  302 words
    • 622 13 Reuters [JAKARTA] Indonesia's policies to tackle imports and drive domestic demand are not protectionist, but are necessary to curb smuggling, meet safety rules, and spur growth at a time of global economic crisis, the trade minister said. South-east Asia's biggest economy, a top producer
      Reuters; REUTERS  -  622 words
    • 800 13 -AFP Low rates have yet to filter through to consumers, business [WASHINGTON] With an economy sinking fast and key interest rates approaching zero, the Federal Reserve is struggling to find new tools to break a credit logjam and fire up
      -AFP  -  800 words
    • 615 13 ■Reuters They are banning more sales until prices rebound by almost 25% [SUKABUMI, Indonesia] The world's top three rubberproducing nations last Saturday stepped up efforts to revive ailing prices, agreeing to cut next year's exports by a sixth and banning more sales
      ■Reuters  -  615 words
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  • Page 14 Advertisements
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  • MALAYSIA/INDONESIA
    • 690 15  -  PAULINE NG MALAYSIA INSIGHT IF STATES held by the Opposition suspected that federal government funding was likely to be dicey after the unexpected tsunami that was the March general election, the global financial crisis has made it doubly harder. With so many
      690 words
    • 318 15 Reuters [JAKARTA] An Indonesian parliamentary working committee has agreed to pass a new bill on mining and coal, a legislator said last Thursday. The law could help provide more certainty for firms considering investing in the mining sector. Now that the working committee
      Reuters  -  318 words
    • 244 15 Bernama [JAKARTA] The Indonesian government plans to create employment for three million people in 2009 through labour-intensive projects, a minister said. "In 2009, it is expected there will be jobs for three million people from the ministries of public works, agriculture, transportation and
      Bernama  -  244 words
    • 303 15 Bernama [BANGKOK] Malaysia ranks third in Asia with 145 projects worth US$274 million lined up this year, according to the year-end snapshot of the Clean Development Mechanism (CDM) of the Kyoto Protocol the United Nations (UN) emissionreduction treaty. The CDM projects running
      ■ Bernama  -  303 words
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    • 100 15 gf^NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BESTBUILD DEVELOPMENT PTE LTD (In Liquidation) (Co. Reg. No. *****3919R) NOTICE OF INTENDED DIVIDEND Name of Company: BESTBUILD DEVELOPMENT PTE LTD (In Liquidation) Address of Registered Office: 149 Rochor Road #04-16 Fu Lu Shou Complex
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  • GREATER CHINA/INDIA
    • 293 16 Reuters [BEIJING] Chinese insurance firms should focus on improving their own businesses and supporting efforts to stimulate the domestic economy, not on buying cheap assets overseas, the industry's top watchdog said on Saturday. A manager at China Life, the world's biggest life insurer by
      – Reuters  -  293 words
    • 595 16 AFP The metal and other commodities see their prices plummet [SHANGHAI] When China hits the brakes, commodities exporters half a world away have to shift to a lower gear, as the rapidly deteriorating fortunes of the copper sector shows. The global financial crisis has
      AFP  -  595 words
    • 747 16 AFP Falling industrial output share prices among signs country is hit by global crisis [NEW DELHI] Nobody in India is using the word "decoupling" any more to suggest Asia's third-largest economy can dodge the impact of the widening recession engulfing the West. The clearest
      AFP  -  747 words
    • 457 16 AP, Reuters [BEIJING] China last Saturday said the "great majority" of its people support a long-awaited overhaul of its domestic fuel price regime, which officials have said for years is inefficient and unstable. After raising fuel prices last June, China has not lowered them
      AP,; Reuters; REUTERS  -  457 words
    • 480 16 -AP, AFP [TAIPEI] China and Taiwan will start a new era of direct air and shipping services today when planes and ships travel directly across the Taiwan Strait, formally ending a nearly six-decade ban on regular links. Relations have improved between the once-bitter
      – -AP,; AFP  -  480 words
  • Page 16 Advertisements
    • 11 16 Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg
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  • WORLD
    • 685 17 AFP, Bloomberg Buyer BNP Paribas says ruling has not changed its interest in troubled bank [BRUSSELS] Belgian-Dutch bank Fortis, saved from collapse by government rescue plans, is again teetering on shaky ground after small shareholders won a court case which freezes
      AFP,; Bloomberg; REUTERS  -  685 words
    • 638 17 Bloomberg AUTO CRISIS [NEW YORK] A bankruptcy filing by General Motors Corp (GM) or Chrysler LLC would worsen the longest recession since the early 1980s if it led to a shutdown at the companies. "The economic ramifications of an outright bankruptcy would be severe," New
      Bloomberg; AP  -  638 words
    • 606 17 AP, AFP, Reuters WASHINGTON] Thousands of anxious US car industry workers yesterday were awaiting word on whether the White House will take decisive action on an industry bailout, as a presidential spokesman cautioned that no decision had been made yet. "We'll be focused
      AP,; AFP,; Reuters  -  606 words
    • 482 17 ■AFP [BRUSSELS] European Union leaders last Friday pinned their hopes for beating recession on clubbing together for a 200 billion euro (***** billion) stimulus plan as some economists raised doubts that would be enough. "Everybody absolutely agrees on the gravity of the crisis," French
      ■AFP  -  482 words
    • 413 17 Reuters [MADRID] It will be difficult, though not impossible, to close an awaited global trade deal in 2009, the head of the World Trade Organization Pascal Lamy was quoted as saying in Spanish newspaper El Pais yesterday. On Friday the WTO's
      – Reuters  -  413 words
    • 400 18 Reuters Competition from other cities and global downturn pile on the pressure [LONDON] London's position as the world's top financial centre is under threat from the global downturn and fierce competition from New York and fast-growing hubs such as Dubai, Singapore and
      – Reuters; REUTERS  -  400 words
    • 544 18  -  JANE MOIR By in London POLICYMAKERS in Britain have stepped in to help home owners as estimates of 75,000 repossessions next year send a chill through the battered housing market. A £1 billion (552.2 billion) scheme to help home owners facing
      544 words
    • 779 18 AP It has become so entrenched over the decades that it is part of the political culture already [CHICAGO] More than 25 years ago, a visiting small-town judge stashed a tape recorder in his cowboy boot and came away with shocking evidence
      AP  -  779 words
    • 483 18 Bloomberg [DUBAI] Prince Alwaleed bin Talal, Citigroup Inc's largest individual investor, lost 19 per cent of his personal wealth in the past year as the global economic slump reduced the value of banking and property assets, according to Arabian Business magazine. The
      Bloomberg  -  483 words
    • 498 18 Reuters [WASHINGTON] The US credit card industry, harshly criticised for imposing surprise fees and interest rate hikes on consumers, may face a day of reckoning this Thursday. The Federal Reserve will vote on sweeping reform of the credit card industry that
      Reuters  -  498 words
    • 325 18 AFP [LONDON] Opec, the cartel pumping 40 per cent of world oil, is set to announce this week plans to slash output in the hope of lifting crude prices weighed down by a recession-fuelled slide in energy demand. The Organization of
      AFP  -  325 words


  • AVIATION/SHIPPING
    • 626 19  -  YEN SREENIVASAN Company CEO remains upbeat on industry's longerterm prospects [SINGAPORE] The airfreight market may be in a funk, but JettB Airlines Cargo Singapore's first privately owned cargo carrier insists it is sitting pretty and attracting more investor interest. Louis Tan, CEO
      626 words
    • 334 19  -  VINCENT WEE By [SINGAPORE] Sembcorp Marine unit Jurong Shipyard launched on Saturday the fourth of a series of four Pacific Class 375 jack-ups rigs originally ordered by Larsen Oil and Gas subsidiary PetroJack ASA. With its on-schedule launch, Petrojack IV is well on track for deployment
      PETROJACK  -  334 words
    • 232 19 Bloomberg [COPENHAGEN] A. P. Moeller-Maersk A/S, owner of the world's largest container line, will cancel or postpone all new investment projects to free up cash as access to bank funding remains limited. "We want to free up cash to allow us to seize investment opportunities if
      – Bloomberg  -  232 words
    • TRANSPORT STOCKS
      • 108 19 '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 0.25 0.19 1.00 unch 0.69
        108 words
      • 37 19 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings unch 8.50 8.50 2.23 2.31 0.06 unch unch -0.05 -0.05 0.01 unch -0.01 unch 0 235 599 378 52 35 0
        37 words
      • 12 19 '00 ■recious Ship Jegional Cont 10.40 5.85 -0.30 unch 3376 569
        12 words
      • 11 19 '000 joil ungamas Cont 15.34 0.58 -1.50 -0.02 1565 2766
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      • 22 19 '000 Aboitiz Equity ntl Container Keppel Marine Keppel Prop 5.50 15.00 2.00 unch -0.30 -0.50 -0.14 unch 684 5 32 0
        22 words
      • 21 19 Evergreen Marine ....16.00 :irst Steamship 32.70 ManHai Lines 15.10 fang Ming Marine...10.90 -0.20 0.10 -1.10 unch 22 15 5 38
        21 words
      • 39 19 '000 lee 'en :awasaki Hvy Ind ..178.00 -17.00 ***** :awasaki Kisen 377.00 -50.00 ***** /litsubishi Hvy 392.00 -33.00 ***** /litsui Eng&Sbldg...131.00 -9.00 ***** /litsui Osk Lines 549.00 -44.00 ***** lippon Express 375.00 -27.00 ***** lipponYusen 525.00 -49.00 *****
        39 words
    • 2611 19 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines'"" British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines MJ), BR EVA Airways
      2,611 words
  • Page 19 Advertisements
    • 372 19 Geneva, 11th December 2008. In a response to the deteriorating trading environment MSC Mediterranean I Shipping Company will suspend their Tiger Service, withdrawing 9 vessels of I 6,500 TEUs capacity with immediate effect and as a result will make the I following changes to their remaining service network between the
      372 words
  • Page 19 Miscellaneous
    • 318 19 CRYPTIC CROSSWORD ACROSS 7 Very ordinary green and gold I H2 j He I beds (6,2,6) on America (10) j 11 Posted enclosure around service (3) (7 3) J——^J—^J—^J—^J——■■—^J—L 16 Dress with a measure of warmth and start to sweat 17 Recoil in panic, crossing area j |19 I 18
      318 words

  • Page 20 Advertisements
    • 277 20 Congratulations to I Petro Jack ASA I !|s^ on the official naming I dLgOla pl'tnl^ of their high-performance rig I Petro Jack IV I jigg |S built by Jurong Shipyard I rS^ Lady Sponsor: I Mrs Anchulee Gunavibool I SlS>! iSP Wife of His Excellency Mr Nopadol Gunavibool, lyfe^SsES!' F^tSl
      277 words

  • SINGAPORE STOCKS
    • 9017 21 Weekended: Dec 12 52-wks Tel |h Low Code Com| Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil Hi; )ati] 12 3 3148 STelecom 17 3 5834 A-Sonic 110 100 6389 ABFSG I'.mi.] I II 30.5 12 5000 ABR
      9,017 words
    • 599 22 Hii !-wks Tel Low Code Comi Sale COOP) Hii Low Bu, Seller C'vr P/E $mil 20 9 1181 s AAGrp 32 16 8538 s APStrategic 5.5 1 1501 s Advanced System 38 12.5 3518 s Afor. 25.5 2.7 1524 s Alantac s Alantac R s Alantac R300 20
      599 words
    • 709 22 52-Wk Tel High Low Code Last Sale Vol Cooo) Week lh Low Last Quote Buyer Seller Div GrYld Net MCap Cvr P/E $mil Com _Hm ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 385 158
      709 words
    • 788 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      788 words
    • 126 22 tocl name lose lange tocl name lose lange tod name lose lange Caj i Land 2.740 -0.040 JSH 8.970 -0.250 SIAEm 2.040 -0.010 Caj iMall 1.530 -0.070 Jardine CSC 9.880 -0.620 SPH 3.170 -0.020 Cit' 6.020 +0.070 Kej ;l Cor| 4.190 -0.260 ST Em 2.300 -0.220
      126 words
    • 92 22 Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 2 3 OOP 12 2 3 Manufacturing 114 52 45 14 123 58 59 Commerce 31 13 26 36 20 32 >r/Cc ms 27 27 11 Finance 33 33 Construction 12 15 Proj 31 12
      92 words
    • 120 22 TURNOVER ('000) MAIN SPQ TOTAL MAIN VALUE ('000) SPQ TOTAL Multi Ind 131.800 131.800 345.451 345.451 Manufacturing 1.626.318 79.215 1.705.533 904.238 2.361 906.599 Commerce 391.665 55.605 447.270 362.424 9.275 371.699 ]t/Stor/Comms 573.570 775 574.345 826. 182 144 826.326 Finance 200.900 200.900 1.352.572 1.352.572 Construction 123.202 9.333 132.535
      120 words
    • 2870 22 Transaction date: Dec 12 For a full listing of the dosing prices, log on to EST online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific !ank Of E Asia Jeida Jade Bird Jeijing
      2,870 words
  • Page 21 Advertisements
    • 45 21 Le maitre de I'horlogerie depuis 1875 U, Wsmmßßj!i^ii fEsm *^B f^^l^^^s^ r^r H^» -ysaaSM -fjM^Blfc u^&Ja.^.^ fa^^. r IhMb djjsiojr^——LLji^CfflM^Hl Sole Distributor Service Centre: AUDEMARSPJGUET (SINGAPORE) PRIVATE LIMITED .^S 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 s^—J Internet: Http://www.audemarspiguet.com
      45 words

  • Page 22 Advertisements
    • 30 22 Insiders'trades. Brokers'recommendations. Dividend table. XUC Dl ICIMECC XllV/ICC The pages also cover transactions by directors and substantial I nil DU3IIMC33 I lIVIC3 shareholders. In other words, news you can use.
      30 words

  • FINANCE & COMMODITIES
    • 360 23 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec12 World Index Preliminan 650.7 -2.1 -42.5 -2.0 -43.2 -1.9 -44.9 EAFE Preliminai 630.6 -3.0 -43.7 -2.7 -46.0 -2.6 -47.7 Euro[ Preliminan 896.3 -2.4 -41.9 -1.9 -48.6 -1.8 -50.2 Pacific 511.1 -4.2
      360 words
    • 132 23 As at 9am Dec 12 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9850 1.0170 Can dollar 1.1950 1.2100 Euro 1.9710 1.9940 NZ dollar 0.8130 0.8310 terlinc nd_ 2.2220 2.2480 US dollar 1.4810 1.4970 Local dollars to 100 units of foreign
      132 words
    • 177 23 Dec 12 $S_ Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 1/8 3/4 7/8 15/16 Offer 1/16 1/2 5/8 11/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.50 1.50 2.10 2.20 2.50 2.60 2.70 Offer 0.20 1.10
      177 words
    • 25 23 Dec 12 ten Hji Sett STI SIMSCI Dec 214.5 217.7 212.3 Taiwan Dec 173.5 176.4 167.4 Source: MF Global (S) Pte. Ltd
      25 words
    • 24 23 Dec 12 SJ Bid Offer 1-month 1.4912 1.4929 2 months 1.4903 1.4923 3 months 1.4888 1.4908 6-months 1.4856 1.4881 Source: OCBC
      24 words
    • 62 23 Dec 12 Delivery Month Opening Range Sett Av Price Price Hii Vol Open Done Position Low Dec 08 1600 Jan 09 1637 Feb 09 1650 Mar 09 1645 Total o/p: ***** contracts 1564 1600 1561 44 771 1589 1648 1570 1334 ***** 1581 1650 1567 4517 ***** 1590
      62 words
    • 297 23 Dec 12 URODOLLAR FUTURES Dec08 Vlar09 un09 >ep09 98.1450 98.4000 98.4550 98.4250 4831 ***** 4111 2741 EUROYEN TIBOR FUTURES Dec08 99.100 99.100 Vlar09 99.265 99.300 Iun09 99.300 99.300 iep09 99.340 99.360 Dec09 99.370 99.370 VlarlO Iun10 >ep10 99.100 99.265 99.300 99.340 99.370 99.100 99.295 99.340 99.385 99.375
      297 words
    • 193 23 Dec 12 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) O/l lots) Ian 09 101.0 =eb 09 113.0 VlarO9 115.5 <\prO9 115.0 VlayO9 122.5 lunO9 121.5 100.0 105.0 109.0 115.0 120.5 120.5 102.0 108.5 113.5 116.0 116.0 116.0 98 40 44
      193 words
    • 88 23 Dec 12 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****Z 12.03.09 -Year BY*****V 02.11.09 0.67 0.79 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year NXOO1OOT 4.625 i-Year NXO31OOZ 2.250 '-Year N*****0S 2.875 0-Year NY*****A 4.000 5-Year NY*****X
      88 words
    • 105 23 Dec 12 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 854.00 856.50 863.50 828.50 Mar 09 856.25 860.50 866.00 831.00 May 09 865.75 870.00 868.00 843.00 Jul 09 874.75 879.25 882.00 850.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 08 31.10 31.46 30.90
      105 words
    • 75 23 CRUDE OIL PRODUCTS Dec 11 origin^ t/barrel Close Cham irent blend (1-Mth F) 48.01 4.21 WTI (Near Mth) 47.12 3.30 iubai (1-Mth F) 42.75 1.68 "apis blend 45.75 1.45 i/linas 41.05 1.45 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 28.67 56.40 -0.3: -1.3! US$/barrel )pec Oil Basket Price
      75 words
    • 463 23 Dec 12 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.812 4.455 0.489 5.043 31.579 71.978 0.583 8.923 2.328 1.198 51.245 31.277 0.971 6.637 0.769 21.671 22.831 0.436 0.651 Canada 1.231 5.483 0.602 6.206
      463 words
    • 67 23 Dec 12 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 2.***** Source: Thomson Reuters mth 1.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** mths 2.***** 1.*****
      67 words
    • 149 23 Dec 12 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 0.9701 0.9719 0.6504 0.6509 Canadian dollar 1.1942 1.1959 0.8006 0.8010 luro 1.9826 1.9849 1.3292 1.3294 IZ dollar 0.8096 0.8112 0.5428 0.5433 Sterlinc 2.2273 2.2302 1.4932 1.4937 IS dollar 1.4916 1.4931 >$IUS$
      149 words
    • 134 23 Dec 12 /oz) tec tec Hong Kong London 818.30 812.00 819.30 813.00 Dec 11 Dec 12 824.50 822.90 826.50 824.90 Source: Thomson Reuters CAST BAR (S$) Dec 12 Buying Sellini Kilobar "41,702.18" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1
      134 words
    • 65 23 Dec 12 Aluminium OO 70/. iri (USS/tonne) Close Previous :ash 1460.50 months 1500.00 1522.21 1563.01 Copper, Grade A (USS/tonne) ;ash months 3143.00 3175.00 3286.0I 3320.0I .ead (USS/tonne) :ash 1010.20 months 1018.00 1011.01 1020.01 lickel (USS/tonne) ]ash I months *****.50 *****.01 *****.00 *****.01 'in (USS/tonne) :ash *****.00 *****.01 months
      65 words
    • 66 23 Dec 12 (£/tonne) Close Prev Hii ih/Low Dec 08 1670 1806 1819/1670 War 09 1645 1634 1650/1609 Way 09 1641 1629 1647/1612 lul 09 1650 1637 1654/1625 IOFFEE (US$/tonne) Close Pev High/Low Ian 09 1902 1905 1920/1875 SUGAR (US tonne) White Close Prev High/Low 1ar 09 319.2 328.6 324.5/317.3
      66 words
    • 2696 23 BONDS WARRANTS rel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price 'rem Expiry Disc Gear- Mths ing Left >058 Advance Modules Grp W*****3 >036 Advance SCT Ltd W*****9 0.5 unch 30 17 87 156 1.50 1358 12.00 44 20 S092 Asia Environment W*****4 2 38 281 5.25
      2,696 words

  • Page 24 Advertisements
    • 2537 24 m The Business Times P^V L^^V BlCT^jffnHTiffffffTOTiffßßffiß T WAN HAI INTERNATIONAL PTE LTD crno U6W;oooo r S^___i ___*L_E mmMK^mWH^MsBmWMISKmSSm TEL *****588 (14 LINES) FAX: *****163 V W^^^^lirT^E^r^l Eta laWKwl*? V\N 1 WAN HAI INpN <»"«n« Service/Bookings Direct line- (1800)*****200 A A m- I I iffSß ***** Vll VVHII I Inl
      2,537 words

  • Page 25 Advertisements
    • 3174 25 RICKMERS-LINIE -^^wtd^^i^ HTT\ EASTERN CAR LINER, LTD I g|) QGSlf^^ re g k .B ulk /P roi e.,/SOC Convening. Service^ website: ww^Hd—ga, |_fcj SPEC.AUZE IN RORO HEAVY L.FT UPTO 450 TON^ WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov I SIN I ALT I HOU I NEW I JAX I ORF
      3,174 words

  • Page 26 Advertisements
    • 3080 26 K£H H 19 H H H 11 andersen ""-'IJTLSI'SE. 7I rnlLOßYMAVimioiuTßniipl ■spßftfM ISM Bgß l_H I A V shipping coMpg^TT 70 Shenton Way, #21-03 Marina House Singapore *****8 OLUn IW"IUHIHHI U-IUUr I wMsWJm HP!! RflU HH Mi PIP NORTH WEST EXPRESS LINE »#,«.-»«t^fr«M*^ MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS
      3,080 words

  • Page 27 Advertisements
    • 2782 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 SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
      2,782 words

  • BizIT
    • 673 28  -  WINSTON CHAI Computer giant still expects to grab a piece of second SOEasy project PC giant Dell Computer is betting that Singapore's upcoming integrated resorts (IRs) will provide a silver lining for its growth at a time when most enterprises are tightening their technology
      673 words
    • 293 28 [TOKYO] Debt-ridden memory maker Elpida Memory Inc and partner Powerchip Semiconductor Corp are considering selling stakes in their Taiwanese joint venture and asking for state aid as the DRAM industry crumbles. PC memory makers worldwide are putting their hands out to governments, parts suppliers and
      293 words
    • 954 28  -  AMITROYCHOUDHURY Spending expected to reach US$l96 billion by end-2009 WHILE the economic slowdown will force most businesses to rethink their growth strategies, the Asia-Pacific region still presents great opportunities on the back of emerging technologies and the eventual bounce-back of regional economies,
      954 words
    • <what's up>
      • 88 28 HOME-GROWN RecordTV has been named one of the most innovative companies in Asia at the prestigious Red Herring 100 awards. Held recently in Hong Kong, the awards aim to honour the creativity of a newer generation of regional technology firms and 100 winners were eventually picked
        88 words
      • 82 28 APPLICATION delivery solutions provider Citrix Systems has won a server virtualisation infrastructure deal for powering Alatum, a new grid computing service being offered by Hewlett-Packard and SCS. Under the terms of the deal, Citrix's XenServer product will be deployed to help enable the
        82 words
      • 74 28 BRITISH Telecommunications firm BT has appointed Michael Boustridge as the head of its Asia-Pacific operations. He will hold on to his current position as the CEO of BT Americas on top of taking on the responsibility for overseeing the company's operations across 16 Asian countries.
        74 words
      • 68 28  -  WINSTON CHAI ORANGE Business Services has promoted Charles Kennaway to the post of general manager for its subsidiaries in the Asean region. Formerly the chief financial officer for its Asia-Pacific operations, Mr Kennaway (above) will now be responsible for overseeing Orange Business Services' operations
        68 words
    • 802 29 Industry professionals are bullish on the republic's aspirations to become a media hotbed, report MARISSA LEE and THEODORA KEE SINGAPORE can become a world-class media hotbed, say participants of the first Asian edition of SIGGRAPH, one of the world's most renowned trade shows on computer
      802 words
    • 297 29  -  &gt; ONG BOON KIAT They will develop a secure document management system A SINGAPORE technology that safeguards sensitive corporate documents could become a pillar for the giant conglomerate that builds Airbus jetliners and Eurocopter helicopters. At last week's SIGGRAPH Asia show, local software
      297 words
    • 326 29  -  JONATHAN GAN By A NEW Singapore-grown technology can help save lives by detecting accidents at home, lending it to applications that protect the elderly at home. The Human Action Recognition Technology from the Agency for Science, Technology and Research (A*Star), unveiled for the first time
      326 words
    • <what's new>
      • 134 29 BLUEANT is upping the ante in the world of mobile phone accessories with the launch of a new Bluetooth headset capable of recognising voice commands. Claimed to be the world's only voice-controlled headset, the BlueAnt VI (above) allows users to replace button-pushing with verbal
        134 words
      • 102 29 STARHUB has introduced a new service to help strengthen the cyber defences of financial institutions. Called "Internet Clean Pipes", the new offering is designed to repel denial-of-service (DDoS) attacks from malicious Web users. Hackers often use this method to inundate a company's Web servers with
        102 words
      • 92 29 UNITED Kingdom-based smart phone maker i-mate has introduced two software enhancements for its line of Windows-based handsets. The first is i-mate Go (above), a free icon-driven user interface developed exclusively for i-mate devices. It allows users to have easy, one-touch access to functions such as
        92 words
      • 96 29  -  WINSTON CHAI SUN Microsystems has launched MySQL 5.1, the latest release of its popular open-source database software. The new version boasts of a number of enhancements to make it more suited for enterprise deployment. These include an improvement in response time through table and index
        96 words
    • 303 29 AFP [SAN FRANCISCO] A pair of US inventors are bringing to market a computerised car key that prevents people from chatting on mobile phones or sending text messages while driving. Key2SafeDriving adds to a trend of using technology to thwart speeding, drunken driving and other
      AFP  -  303 words
    • 228 29 -Reuters [HELSINKI] The world's top cellphone maker Nokia plans to tap the surging market for connecting laptops to wireless networks, taking on market leader Huawei Technologies, its senior official said. Nokia will start to ship its first Internet stick in early 2009, aiming to benefit
      -Reuters  -  228 words
  • Page 28 Advertisements
    • 34 28 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists Mm m w 4 4, \V %&gt;, Raffles Conversations \Vv\SSVV\ W 4 A col lection from The Business Times V\\ 1"" \u Availableatallleadingbookstores vA\\a\\\ V%.
      34 words