The Business Times, 20 December 2008

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Microfilm: NL29606
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES DEC2O-2i,2008 www.businesstimes.com.sg ssi.oo «jp* an sph publication mica(p) 198/08/2008 www.businesstimes.com.sg
    14 words
  • Article, Illustration
    Lock icon Size of the DPS behemoth
    983 1  -  Uma Shankari 10,450 sold uncompleted private homes under the DPS now; analysts worried about those getting TOP in 2010-11 By shankari@sph.com.sg Singapore SOME 10,450 sold and uncompleted private homes are now under the deferred payment scheme (DPS), according to official data released yesterday. Of the
    983 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      83 1 Camden Medical Centre is home to a growing community of more than 150 leading medical specialists >^^^^ and healthcare professionals. Located on Orchard Boulevard, and minutes from Gleneagles and K-/''.■*«* Mt. Elizabeth hospitals, the centre is supported with state-of-the-art medical facilities such as a new SGH radiology centre, day surgery
      83 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      156 1 'aaaZZ'- I m PERSONAL SPACE the raffles conversation at PROPERTY 111 1111 1100 **********1 l ■At home with Linda Locke DAN GLICKMAN, wSif^^ A retail,hotel and business park Lio-n MOVIE MAN I 8-9 project next to Expo MRT |35 slsliffioooo!' AUTOS Bush throws carmakers USsl7.4b lifeline But GM and Chrysler
      156 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        45 2 KL COMP 876.40 -4.10 NIKKEI 225 8,588.52 -78.71 HANG SENG 15,127.51 -370.30 SET 447.01 -4.71 JAKARTA 1,348.29 -3.48 MANILA 1,903.53 +2.07 KOSPI 1,180.97 +5.06 SHENZHEN B 289.18 +2.54 MUMBAI IND 10,099.91 +23.48 llnm EDT Ch-nop 11am EDT Change DOW 8,732.27 +127.28 NASDAQ 1,587.75 +35.38
        45 words
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONG KONG 5.00 INDONESIA 16.493 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN ZOO US 3.25 CANADA 3.50 SWITZERLAND 2.02 INDIA 13.00 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        43 2 us$ 'S$ US$" 1.444 ;US$; 1.506 2.175 EURO(US$/S$/E) 1.426 Foreign currency per US$., S$ 2.058 YEN 88.60 61.40 RM 3.466 2.401 HK! 7.750 5.368 BAHT 34.51 23.90 RUPIAH 10,963 7,593 RENMINBI 6.838 4.736 INDIAN RUPEE 47,11 32,63 1.451 1.005 NZ$ 1.719 1.191
        43 words
    • Article, Illustration
      Lock icon Projects in the works will see value shrink
      575 2  -  Arthur Sim Drop of 20-30% in 2009 partly due to halted residential developments By simska@sph.com.sg Singapore THE value of projects under construction in Singapore could fall by 20-30 per cent to some $17 billion in 2009. And according to construction information services
      REUTERS  -  575 words
    • Article
      Lock icon New SGX measures to ease secondary fund raising
      452 3  -  Emilyn Yap By emilyny@sph.com.sg Singapore WITH an eye on the credit squeeze, the Singapore Exchange (SGX) is putting new measures in place to facilitate secondary fund raising by listed companies. "These measures will assist listed issuers seeking equity funding from their shareholders
      452 words
    • Article, Illustration
      Lock icon Bush throws carmakers US$l7.4b lifeline
      786 3 AP, Bloomberg Paulson urges release of second USs3sOb tranche for big financial institutions Washington THE Bush administration came to the rescue of the country's car industry yesterday, offering US$l7.4 billion in emergency loans in exchange for concessions from the deeply troubled carmakers and their workers.
      AP, Bloomberg; REUTERS  -  786 words
    • Article
      Lock icon Bank staff fretting over jobs, not bonuses
      867 4  -  Siow Li Sen Uncertainty said to be particularly bad at banks in the midst of being bought over or undergoing integration By lisen@sph.com.sg Singapore IN a departure from their Christmas tradition, workers in Singapore's financial industry are not obsessed with their bonus if
      867 words
    • Article, Illustration
      Lock icon Big chill descends on Wall St bonus season
      561 4 AP New York ON Wall Street, this is a bonus season like no other. The normal buzz of money big money is all but silenced. While many bankers will still collect six or even seven-figure bonuses, the average payout for rank-and-file staff
      AP; BLOOMBERG, AFP  -  561 words
    • Article, Illustration
      Lock icon Santa shops on eBay in financial winter
      654 5  -  Nisha Ramchandani Completed S'pore sales up 50%, new listings rise 95% By nishar@sph.com.sg Singapore ORGANISED retail may be hurting, but do-it-yourself retail is booming. Completed sales on eßay Singapore rose 50 per cent year-on-year in November, while new listings soared 95 per cent.
      654 words
    • Article, Illustration
      Lock icon BOJ cuts main policy lending rate
      622 6  -  Anthony Rowley The widely anticipated move means that the central bank is in effect returning to the zero interest rate regime By btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) yesterday cut its main policy lending rate from 0.3 per cent to 0.1 per cent,
      REUTERS  -  622 words
    • Article
      Lock icon Clinton Foundation reveals donors
      583 6 Bloomberg Washington FORMER US president Bill Clinton, meeting a precondition for his wife Hillary to become Secretary of State, revealed donors to his foundation including such countries as Saudi Arabia and Kuwait. Saudi Arabia was one of the most generous, giving between US$lO million and US$25
      Bloomberg  -  583 words
    • Article
      Lock icon Temasek's Stanchart stake stays below 20 per cent
      399 6  -  Siow Li Sen By lisen@sph.com.sg Singapore TEMASEK Holdings has retained its 18.81 per cent stake in Standard Chartered Bank following the completion of the bank's £1.8 billion (553.9 billion) rights issue on Thursday. "Yes, we are below 20 per cent," said Myrna
      399 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      60 2 NEWS LIVING Top stories 2-6 Dining L 2-7 Raffles Conversation 8-9 Companies 12-15 Singapore T6-T7 X im\ I^-—i Letter From Abroad 18 Shopping LB-9 World T9-22 Home Garden LIO-IT Stocks stats 23-27 Profile Ll2 Perspective 28-29 Weekend With Ll3 Wealth 30-3 T Health Ll4-15 Wealth insights 32 Sport Ll6 Show
      60 words
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  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      230 7 38™ ANNIVERSARY OFFERS! &w& 4°**"'* J^Sf* %wmu Jf woo y. BOOK NOW TO ENJOY THESE IRRESISTIBLE DEALS! 3 Nights 4 Nights Isles of gag} Best of Malaysia Cruise Southeast Asia Cruise A* 2009 Sailings: Jan9&l6 COCO* 2°°B Sailings: Dec 27 ™SCHDIS-'-^'-'-^ fr *P *UU Ports of Call: Singapore, Penang, fr
      230 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon See you at the movies
      2329 8  -  By Jaime Ec In a world with so many options for entertainment, it is of vital interest to the movie industry to keep people going to the theatres, says Dan Glickman, chairman and CEO of the Motion Picture Association of America. DAN GLICKMAN Chairman and
      YEN MENG JIIN  -  2,329 words
    • Article
      Lock icon Raffles
      76 8 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • Article
      Lock icon World braces for 5% 'uncharted' China growth
      53 9 THE International Monetary Fund said yesterday that Chinese growth could almost halve next year as a global downturn sucks in the biggest emerging economy in the world. Growth in the world's fourth biggest economy could fall to 5 per cent from 9.7 per
      53 words
    • Article, Illustration
      Lock icon Madoff fraud rocks hedge funds
      98 9 THE list of firms and rich people caught up in an alleged US$5O billion fraud by US money manager Bernard Madoff grew longer by the hour on Monday, as investors worldwide scrambled to assess the damage from the biggest ever scandal to rock the global
      REUTERS  -  98 words
    • Article
      Lock icon Sitting pretty on cash mines
      48 9 OVER 100 Singapore-listed companies are trading at discounts to their cash holdings, according to shareinvestor.com, a financial portal. Most are also valued below their net asset value, which means there's a lot left over to pocket once debts and other liabilities are cleared.
      48 words
    • Article
      Lock icon CPF-cuts muscle their way back to NWC agenda
      40 9 THE National Wages Council will reconvene in early January, about four months ahead of schedule, with cuts in employers' contribution to members' Central Provident Fund (CPF) likely to be on the agenda.
      40 words
    • Article
      Lock icon $2b in govt funding for SMEs runs into hurdles
      40 9 OVER $2 billion in government funding support for local companies has not managed to clear the credit clog, said participants at a seminar on Tuesday organised by the Singapore Manufacturers' Federation.
      40 words
    • Article
      Lock icon Goldman crashes into first loss since going public
      77 9 GOLDMAN Sachs Group has reported its first quarterly loss since going public nine years ago as plunging values of stocks, debt and real estate caught up with a Wall Street leader that had largely avoided fallout from the global credit crisis. Goldman
      77 words
    • Article
      Lock icon Fed plays Atlas to lift the financial world
      84 9 IN a radical and historic step, the US Federal Reserve on Tuesday slashed its benchmark Fed funds rates to near-zero and pledged to use "all available tools" to deal with a deepening recession, including aggressively pumping money into the economy. The Fed
      84 words
    • Article
      Lock icon Opec hits market with biggest single cut
      60 9 OPEC will cut another 2.2 million barrels a day from its output the largest ever at one time to stem crude prices that have plummeted over 70 per cent from summer highs of nearly US$l5O. This means that Opec is taking 4.2 million
      60 words
    • Article
      Lock icon Exports down sharply for seventh straight month
      48 9 NOVEMBER non-oil domestic exports has sunk more than expected, prompting economists to expect the current quarter's gross domestic product to tumble. NODX fell 17.5 per cent from a year ago worse than the 14.5 per cent decline that economists had projected.
      48 words
    • Article
      Lock icon STATS ChipPAC to axe 1,600 jobs
      34 9 STATS ChipPAC is axing 1,600 jobs, or 12 per cent of its global workforce. But it did not say on Wednesday how many jobs would be lost here.
      34 words
    • Article
      Lock icon No Qantas of solace for BA as talks fail
      39 9 THE closely watched and highly anticipated US$6.4 billion Qan-tas-British Airways merger has failed to take off. The airlines have abruptly called off merger talks that began recently, citing significant differences.
      39 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      376 9 CRYPTIC CROSSWORD SATURDAY with Ludwig across fi "~R ~~[3 —n —[5 ~~[e admitting university I George, say? Star in panto J HH— lecturer in foreign resort surprisingly (6,5) 111 1 (8) 9 Domestic location in SA F' B^o-^ 17 Deer by the sound of it repelled fraud (9) J —H—L—
      376 words
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      71 9 NEXT WEEK Dec 22-26, 2008 US DATA Dec 23 Q3 GDP (final) Nov existing home sales Michigan sentiment index Nov new home sales Dec 24 Nov durable goods orders Initial job claims Nov personal income/spending Crude inventories SINGAPORE Dec 23 Nov Consumer Price Index Dec 26 Index of industrial production,
      71 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon In the shadow of terror
      919 10  -  Choe Peng Sum The threat of terrorism will continue to rise. Statistics bear this out. So what can we do to counter it? I FROM THE DESK OF CEO, Frasers Hospitality Pte Ltd HE recent attack in Mumbai might be viewed as just another event
      919 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Whither healthcare stocks?
      768 11  -  Emilyn Yap CORPORATE FOCUS Amid the bad times, the question is whether they will emerge unscathed. By BE it good times or bad, people will fall sick and will need treatment. That notion has helped the healthcare sector build up a reces-sion-proof image that sparkles even more
      • .3 FILE PHOTO  -  768 words
    • Business briefing
      • Article
        Lock icon F&N not selling print and publishing business
        66 11 FRASER Neave's board has decided not to sell its print and publishing business once valued at around US$4OO million due to adverse market conditions and the difficulty potential buyers have in securing funding. Instead, F&N plans to increase Times Publishing's sales in key
        66 words
      • Article
        Lock icon Olam pays US$76.4m for repurchase of bonds
        35 11 OLAM International has paid U5576.44 million to repurchase and cancel a portion of its convertible bonds due in 2013. The bonds had a principal value of U*****.6 million.
        35 words
      • Article
        Lock icon United Food to stop meat product ops temporarily
        69 11 UNITED Food Holdings has decided to temporarily stop operations involving processed meat products as well as fresh, chilled and frozen pork due to losses suffered by these divisions. It said the losses were due to factors such as severe competition from other
        69 words
      • Article
        Lock icon China Animal unit to buy 40% stake in biotech firm
        102 11 CHINA Animal Healthcare said its subsidiary, Shenzhou Pagina-kang Technology, plans to buy a 40 per cent stake in Inner Mongolia Biwei Antai Biological Technology Co Ltd for 188 million yuan (5540.13 million). Biwei Antai is currently building facilities for the
        102 words
    • Article
      Lock icon ST Engineering wins £35m ammunition contract
      189 12 SINGAPORE Technologies Engineering (ST Engg) has won another contract from the UK Ministry of Defence. The deal of about £35 million (5577.2 million) is for the supply of 40mm ammunition. The contract was signed with a unit of ST Kinetics, the land sys- tems
      189 words
    • Article, Illustration
      Lock icon Property stocks rally on China's fiscal boost
      430 13  -  Jamie Lee But measures might have limited impact on reviving sales amid tough economic conditions, analysts say By leejamie@sph.com.sg Singapore PROPERTY stocks savoured a sweet respite over the last two days from the market gloom after China announced plans to boost the real
      AFP  -  430 words
    • Article, Illustration
      Lock icon Sudden property play and Fed rate cut take centrestage
      591 13  -  R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent AS themes go, it's probably as good as any, coming at a time when activity was subdued, volume low and the Wall Street mood seemingly positive. We're speaking here of the sudden push on property
      591 words
    • Article
      Lock icon TOP 20 ACTIVES
      112 13 Golden Aj 74,771 245 0.0 0.( jtraitsAsia 36,179 79.5 1.0 1.: 35,930 330 240 7.i :hina Honi <ins 32,759 19.5 -0.5 -2.i fenlord 24,875 99 -2.0 -21 24,537 59.5 7.5 14/ JobleGl 23,960 103 -5.0 At 5nj ;Tel 18,370 256 -11.0 -4.1 Ions Fok 17,697 24 2.0
      112 words
    • Article
      Lock icon TOP GAINERS
      55 13 CLOSE UP S I A 1216 56.0 4.! Sin: ira Fin 160 52.0 48.1 698 41.0 6.: DBSBk6%NCPS 10 9440 40.0 ir MS India 10US$ 822 31.8 2.! OCBC Bk 4.5%NCPS 100 8100 30.0 0.. >ai 448 28.9 4." 330 24.0 Jardine C&C 1050 20.0 1.' ir India
      55 words
    • Article
      Lock icon TOP LOSERS
      49 13 BY CENTS CLOSEDOWN JMH 1842 -66.4 -2. JSH 985 -59.2 -4.1 ir China H 10US: 1086 -36/ -2.: Great Eastern 900 -25.0 -2/ Wilmar 271 -23.0 -7.: UOB 5.05%NCPS 100 8980 -20.0 -a: >eloni 69 -11.0 -13.: Sin: -Tel 256 -11.0 -AA SembCorp Ind 238 -10.0 -4.1
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    • Article
      Lock icon STI STOCKS
      98 13 :apitaLand 3.300 +0.240 litaMall 1.690 -0.010 :if 'Dev 6.980 +0.410 :osco Con 1.010 -0.010 IBS Grp 9.850 +0.150 :&N 2.880 -0.020 lent Intl 0.465 +0.005 iolden ;ri 0.245 IK Land 2.400 -0.030 IMH 18.420 -0.460 ISH 9.850 -0.410 lardine C&C 10.500 +0.200 lei Con 4.470 -0.020 Land 1.790
      98 words
    • Article
      Lock icon Two NEL shareholders seek to oust directors, auditors
      518 14  -  Lynette Khoo Pending outcome, board suspends KPMG's duties as statutory auditors By lynkhoo@sph.com.sg Singapore TWO shareholders of NEL Group have asked for an extraordinary meeting (EGM) in a bid to oust its directors and its auditors. NEL Group said, without naming the
      518 words
    • Article
      Lock icon Chinese firm eyes listing through Zhongguo Jilong acquisition
      502 14  -  Lynette Khoo By lynkhoo@gmail.com Singapore SHAREHOLDERS of Zhongguo Jilong, which has been under judicial management since July last year, may soon find themselves holding shares of Chinese firm Changjiang Fertilizer Holdings (CJFH) instead. A proposed scheme of arrangement involving CJFH acquiring Zhongguo
      502 words
    • Article
      Lock icon Business briefing
      101 14 Tele Choice ends joint venture TELECOMMUNICATIONS services provider TeleChoice International is terminating its joint venture agreement with Hong Kong-listed Fortune Telecom Holdings (now known as China Fortune Holdings). Both firms have a Hong Kong-incorporated joint venture Tele Fortune (China) Investments. TeleChoice will exit from the joint venture by
      101 words
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      27 12 __h_l I TianPo JEWELLERY Centrepoint I Holland Village Vivo City Placza Singapura Parkway Parade I Causeway Point I West Mall I People's Park Complex c 1 vimnvMartsonfire.com,
      27 words
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  • Page 14 Advertisements
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  • SINGAPORE
    • Article, Illustration
      Lock icon From community work to social enterprise
      735 15  -  Teh Shi Ning WEworkz has taken off, thanks to its new cooperative framework and some business savvy By tshining@sph.com.sg IT began as a community project by women for women, but with its new cooperative framework and some business savvy, what is now known as
      735 words
    • Article
      Lock icon LTA goes French in bid to improve transport system
      219 15  -  Keith Chee By keithc@sph.com.sg THE Land Transport Authority (LTA) signed a Memorandum of Collaboration (MOC) yesterday with two French firms, Steria Asia and Thales Security Asia, in support of the Singapore Urban Transport Solution (STARS) initiative. STARS was launched in 2008
      219 words
    • Article, Illustration
      Lock icon Name change for Les Amis HK branch
      431 16  -  Jaime Ee The opening will now be delayed to Dec 29 while it finalises arrangements to change the restaurant's name to Cepage By jaime@sph.com.sg TOP French restaurant Les Amis' debut in Hong Kong has hit a snag after a local eatery went to
      LES AMIS  -  431 words
    • Article
      Lock icon MFA launches book on Pedra Branca dispute
      318 16  -  Noor Aisha By naisha@sph.com.sg THE Ministry of Foreign Affairs (MFA) Diplomatic Academy yesterday launched Pedra Branca The Road to the World Court, a book detailing the territorial dispute between Malaysia and Singapore over Pedra Branca island situated near the Straits of Malacca. The
      318 words
    • Article, Illustration
      Lock icon PM Lee re-elected secretary-general of PAP's central exec committee
      263 16  -  Chuang Peck Ming By peckming@sph.com.sg PRIME Minister Lee Hsien Loong has been re-elected secretarygeneral of the central executive committee (CEC) of the ruling People's Action Party. Lim Boon Heng, Minister in the Prime Minister's Office, was elected chairman; and Environment and
      263 words
    • Briefing
      • Article
        Lock icon Dec 31 deadline for GST credits, growth dividends
        74 16 SINGAPOREANS who have not signed up for their growth dividends and 2008 GST credits will have to do so by Dec 31, 2008. They can do so in two ways: through the Internet at www.gstoffset. gov.sg or by completing the GST/1 form
        74 words
      • Article
        Lock icon Festive cheer for elderly Chinatown residents
        60 16 A JOINT initiative between PricewaterhouseCoopers (PwC) Singapore and the Kreta Ayer Residents' Committee benefited 400 households comprising elderly residents living in one-room HDB flats in Chinatown yesterday. The project costs some $34,000 and involves giving 400 hampers consisting of daily necessities such as canned
        60 words
      • Article
        Lock icon New MBA programme from NUS, HEC Paris
        55 16 NUS Business School and HEC Paris School of Management have introduced a new Double Degree Masters in Business Administration (MBA) Programme. The programme will offer students a global business education, and aims to produce quality business leaders with in-depth knowledge and expertise in
        55 words
  • Page 15 Miscellaneous
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  • LETTER FROM ABROAD
    • Letter, Illustration
      Lock icon Ticking along with Swiss precision
      934 17  -  Shirley Low LETTER FROM ZURICH Senior relationship manager for Asia, Sustainable Asset Management AG LIVING overseas is, most of the time, a mind-broadening experience, and for me, living in Switzerland has been beyond what I imagined it would be. After three years in Geneva, being
      934 words
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  • WORLD
    • Article, Illustration
      Lock icon Agni making mark in renewable energy
      995 18  -  S Jayasankaran It has plants in Portugal, Spain and Sri Lanka and is building one in Malaysia's Pahang state By btworld@sph.com.sg Kuala Lumpur IN 2002, Sri lingham, then 35, decided that he'd had enough of investment banking and took the plunge into the renewable
      995 words
    • Article
      Lock icon Protest prompts KL to defer Sime deal
      164 18 Reuters Kuala Lumpur THE Malaysian government will delay making a decision to sell a majority stake in UN Holdings Sdn Bhd, the operator of the country's top heart hospital, following strong public objections. The decision, made at the weekly Cabinet meeting, came after
      Reuters  -  164 words
    • Article, Illustration
      Lock icon Fed bans deceptive credit-card practices
      642 19 Bloomberg Companies will be restricted in their ability to raise rates for borrowers deemed increasingly risky New York THE Federal Reserve and other bank regulators are cracking down on "unfair or deceptive" credit-card practices, including fees and interest-rate increases blamed for pushing Americans deeper into
      Bloomberg; AP  -  642 words
    • Article
      Lock icon Exec pay gets more scrutiny now
      468 19 Bloomberg New York THE impact of the economic slump on executive paychecks is spreading from Wall Street to other industries as companies slashing thousands of jobs respond to increased scrutiny of managers' compensation. Executives at companies ranging from Motorola to FedEx and Western Digital
      Bloomberg  -  468 words
    • Article
      Lock icon Markets may rally in 6-12 months: Greenspan
      291 19 Bloomberg Bangkok FINANCIAL markets, which have been depressed by "fear" not seen since at least the *****, are likely to rebound in the next six to 12 months, former Federal Reserve chairman Alan Greenspan said in a commentary published by The Economist online.
      Bloomberg  -  291 words
    • Article, Illustration
      Lock icon HK currency swap gets China okay
      403 20 AFP Beijing promises strong support for territory to ensure financial stability Beijing CHINA yesterday approved a currency swap agreement with Hong Kong as Premier Wen Jiabao promised "strong back-up" for the city to ensure its financial stability amid the global economic crisis. Hong Kong
      AFP; XINHUA  -  403 words
    • Article, Illustration
      Lock icon Obama appointees signal tight oversight
      644 21 AP His economic team has extensive policymaking experience Washington US President-elect Barack Obama is turning to seasoned pros for the herculean task of overhauling the way the United States regulates its financial system, an effort that he says is one of his top priorities. His
      AP; BLOOMBERG  -  644 words
    • Article
      Lock icon Fund managers more optimistic: poll
      426 21  -  Neil Behrmann By btworld@psh.com.sg London THE year-end global fund manager survey from Merrill Lynch shows that sentiment of fund managers has become slightly more optimistic. Traditional and hedge fund managers who were surveyed contend that following their slide this year, equities are offering better value
      426 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      145 18 EPSON EXCEED YOUR VISION for daily Sun Tzu's Art of War quotes Brought to you by EPSON Find out how Sun Tzu's strategic principles Pcan be applied in modern day business and human relationship. Sun Tzu's Art of War reveals secrets for success. Win a wireless projector worth $2,588! Make
      145 words
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  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      1662 20 HEALTHWAY MEDICAL CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****8625 C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Healthway Medical Corporation Limited (the "Company") will be held at The Legends Fort Canning Park, Legends I, Park Level, 11
      1,662 words
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  • SGX
    • Article
      Lock icon Transaction date: Dec 19
      8783 22 52-wks Tel Ugh Low Code Company Last Sale t^_ Vol Day Last Quote COOO) High Low Buyer Seller Div GrYld C'vr Net P/E M Cap Smil 2 3 3148 8Telecom 7 3 5834 A-Sonic 10 100 6389 ABF SG Bond ETF 10.5 12 5000 ABR Hldgs
      8,783 words
    • Article
      Lock icon SGX CATALIST
      1606 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil {0 9 1181 s AA Grp 12 16 8538 s APStrategic i.5 1 1501 s Advanced System 18 125 3518 s Afor 55 2.7 1524 s Alantac {0 35 7814 s Albedo 7 15 5744
      1,606 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      46 25 Up Down Unch 4 6 4 Up Down Unch OOP Up Down Unch 4 6 4 lulti Ind lanul l~acturin) .ommerce inance -onsl cruet :ion •rot lerties lervices jncul cure lininj /Quarr ELOB Active counters with no volume for today are not included.
      46 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      183 25 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
      183 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      812 25 For week beginning Dec 15 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) Stock Map Tech Hldgs Map Tech Hldgs Map Tech Hldgs Tat Hong Hldgs Tat Hong Hldgs Tat Hong Hldgs Tat Hong
      812 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      31 22 i/J^* '<i^^""'^^^y~2!^^Mif^^ Snlß Distrihutor Stvl™ Mantra: ALJDFMARS PIGIiFT (SINGAPORF) PRIVATF I IMITFD "^^"^^^J^Pa ™Z f^femfiSW j> 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 V'** \'TC
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  • MARKETS
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 26 Source: YTD change:-48.19% 52-week high: 3,465.63 on Dec 31,2007 52-week low: 1,473.77 on Oct 28,2008 Bloomberg
        Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        19 26 Source: YTD change:-45.61% 52-week high: 28,343.30 on Dec 27,2007 52-week low: 10,676.20 on Oct 27,2008 Bloomberg
        : Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 26 Source: YTD change:-35.13% 52-week high: 13,563.40 on Dec 24,2007 52-week low: 7,449.38 on Nov 21,2008 (Chart shows Thursday's index closing) Bloomberg
        : Bloomberg  -  25 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        367 26 In local curr In S$ In US$ %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change Dec 18 World Index Preliminai 673.7 0.1 -40.5 -1.1 -42.0 0.2 -41.4 tEAFE Preliminai 641.6 0.2 -42.7 -0.9 -44.3 0.4 -43.' Euroi Preliminai 905.2 0.2
        367 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        148 26 Dec 19 J < currencies Bid >$/US$ to one unit of foreign currency: \ustralian dollar 0.9941 Offer 0.9958 Bid 0.6889 Offer 0.6894 Canadian dollar 1.1839 1.1857 0.8204 0.8208 Curo 2.0570 2.0596 1.4255 1.4258 IZ dollar 0.8390 0.8407 0.5814 0.5820 jterlini 2.1733 2.1760 1.5061 1.506. IS dollar 1.4430
        148 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        20 26 YTD change:-61.64% 52-week high: 5,522.78 on Jan 14,2008 52-week low: 1,664.92 on Oct 28,2008 Source: Bloomberg
        Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 26 Source: YTD change: -43.89% 52-week high: 15,653.50 on Dec 26,2007 52-week low: 6,994.90 on Oct 28,2008 :Bloomberg
        :Bloomberg  -  19 words
      • Article
        Lock icon LIFFE
        66 26 Dec IS i (£/tonne) Close Prev Hi, ;h/Low dar09 1790 1720 1806/1672 day 09 1778 1714 1779/1660 lul 09 1780 1717 1783/1661 Sep 09 1760 1700 1735/1650 :OFFEE (US$/tonne) Close Pev High/Low Ian 09 1861 1884 1892.0/184 Ci.O SUGAR (US tonne) White Close Prev High/Low 'Low 1ar09 325.5 323.7
        66 words
      • Article
        Lock icon CHICAGO BOT
        105 26 Dec 7s[ SOYBEANS (5,000 bu min; UScy60 Ib bushels) Close Previous High/Low Jan 09 869.50 864.00 873.25 854.50 Mar 09 874.50 869.00 878.25 859.00 May 09 886.00 880.50 889.00 871.50 Jul 09 897.25 891.50 900.25 881.75 SOYBEAN/OIL (60,000 lbs; usc^b) Close Previous High/Low Jan 09 30.70 31.00 31.21
        105 words
      • Article
        Lock icon OIL
        74 26 Dec 18 ISS/barrel (FOB origin) Close Changi Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) 'apis blend /linas 44.06 -1.6! 36.49 -3.9C 43.64 -0.746.40 -0.3( 42.10 -0.4( •RODUCT ISS/barrel (FOB S'pore) Close Chang' \l aphtha let Kerosene 31.82 -0.5( 61.40 -1.0( JSS/barrel )pec Oil Basket Price 40.74
        74 words
      • Article
        Lock icon METALS
        74 26 Dec GOLD (US$/oz) Dec 18 Dec 19 Hong Kong 866.00 847.60 867.00 848.60 Dec 17 Dec 18 London 874.60 848.70 876.60 850.70 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 15.74 15.52 Source: UOB PLATINUM Lon (US$/oz) Dec 18 Close Previous PM Fix 862.00 855.00 AM Fix 874.00
        74 words
      • Article
        Lock icon PALM OIL
        59 26 Dec 19 lelivery tenth Opening Range Sett Price Av Price Low Vol Done Open Position Hi, Jan 09 1535 reb09 1536 \/lar 09 1525 \pr09 1538 rotal o/p:***** contracts 1542 1545 1515 1535 1542 1510 1536 1548 1509 1537 1550 1515 Turnover: 9562 lots Market tone: Lower 431
        59 words
      • Article
        Lock icon LONDON METALS
        75 26 Dec IS Uuminium, 99.7% mrity (US$/tonne) Nickel 'us: /tonne) Close Previous Close Previous Cash 3 months Tin (US$/tonne) 9658.00 9775.00 9683.01 9805.01 lash months 1457.50 1494.00 1472.50 1510.00 ropper, Grade A Cus$; 'onne) lash J months 2845.50 2880.00 2984.50 3020.00 Cash 3 months *****.00 *****.00 Grade (US$/ I
        75 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Return of the 'sea turtles'
      1069 27  -  Wanfeng Zhou Reuters Some cities and companies in China are quick to exploit the US unemployment situation to lure back native talent By THEY were the "gold-collar" workers: highly educated Chinese people working on Wall Street. Now, they are known as "sea turtles" as they
      " Reuters  -  1,069 words
    • Article
      Lock icon The devil isn't always a stranger
      391 27  -  Rob Cox BREAKINGVIEWS.COM By SOMETIMES the devil you know isn't better than the one you don't. Bernard Madoff stands as a shining example. The disgraced financier's ability to bilk members of affluent Jewish communities in New York, Hollywood and Palm Beach that counted him
      391 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon All's not lost for stock markets
        1110 28  -  Genevieve Cua Two fund manager surveys offer hope, while advisers see value as key By IT HAS been a tumultuous 2008, as the outlook for markets steadily deteriorated, with stock markets plunging to a low last month. Volatility as measured by the VIX index
        1,110 words
      • Article
        Lock icon Checklist for portfolio review
        319 28  -  Genevieve Cua By HERE is a checklist of things to watch out for as you re-evaluate and re-position your portfolio for 2009. *> Ivan Leung, chief investment strategist, JP Morgan Private Bank: "Keep investment strategies simple. Across asset classes, risk premiums are wide and valuations cheap.
        319 words
      • Article
        Lock icon BROKERS' TAKE
        765 28  -  Lynette Khoo Singapore Exchange Sell DMG Partners Securities Dec 19 close: $5.44 DECEMBER stockmarket turnover value remains soft: Average daily stockmarket turnover (ADT) value was $960 million for the first 11 trading days of December 2008. Though this is close to November 2008's $1.04 billion, it represents a
        765 words
      • Article, Illustration
        Lock icon The story of wealth management
        1194 29  -  Christopher Tan **^^v r» J I WEALTH INSIGHTS Banks are a fiduciary and should place customers' interests ahead of shareholders'. Banks are for transaction, not advice CEO, Providend NCE upon a time, on a sunny island in South-east Asia, lived more than four million people.
        FILE PHOTO  -  1,194 words
      • Article, Illustration
        Lock icon Global crisis: Sign of structural break
        1541 30  -  Teh Hooi Ling show me the money One has to have both the right knowledge and adequate resources to take advantage of the opportunities presented hooiling@sph.com.sg Senior correspondent HE order of the world as we know it will disintegrate past the financial crisis of
        1,541 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Japanese builder Urban may be sold in pieces
        327 31 Bloomberg Tokyo URBAN Corp, the developer that filed Japan's biggest bankruptcy this year, may be sold separately after failing to attract final bids due yesterday from investors, two sources familiar with the situation said. Daiwa House Industry Co, Japan's biggest home builder,
        Bloomberg  -  327 words
      • Article, Illustration
        Lock icon Frasers, Ascendas to invest $500m in Changi Biz Park
        676 32  -  Kalpana Rashiwala Their JV plan is to build an integrated retail, hotel and business park on the 60-year leasehold plot, which they paid $150.8m for. By JOINT venture between Frasers Centrepoint and Ascendas will invest about i—^^^ $500 million building an
        FILE PHOTOS  -  676 words
      • Article
        Lock icon DTZ shares dive in wake of plans for equity sale
        378 32 Reuters +London SHARES in real estate agent DTZ tumbled more than 19 per cent yesterday after it revealed plans to raise up to £55 million (*****.2 million) via share sales designed to galvanise its ailing business from a savage property
        Reuters  -  378 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      229 31 Househunt PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 3 NON-LANDED The Metropolitan Apt 02/12/2008 99 721 620 860 District 4 NON-LANDED TheOceanfront@SentosaCove Apt 02/12/2008 103 2077 3103 1494 Districts NON-LANDED Murano Apt 01/12/2008 FH 1550 988 637 Regent Park Apt 04/12/2008 99
      229 words
    • Advertisement
      Lock icon Page 31 Advertisements Column 2
      218 31 PROPFRTYTRANSACTIONS WITH CONTRACT DATFS RFTWFFN DFd AND fi. POOR PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 15 NON-LANDED CoteD'azur Apt 01/12/2008 99 1109 1115 1005 CoteD'azur Apt 03/12/2008 99 1152 862 748 TheSeaView Apt 02/12/2008 FH 2196 2610 1189 The Vesta Apt
      218 words
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  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
      74 33 iUDEMARS PIGUET Le maitre de I'horlogerie depuis 1875 ■'■"ZZ?^^^''Z'--Z' ROYAL OAK OFFSHORE COLLECTION FIERY BEAUTY RING AND CHRONOGRAPH IN DIAMOND-SET PINK GOLD. CHRONOGRAPH WITH SMALL SECONDS AND DATE DISPLAY, AUDEMARS PIGUET SELFWINDING MOVEMENT. WATER-RESISTANT TO 50 METRES. ALSO AVAILABLE IN STEEL. For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com Published and
      74 words
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Talking turkey
        1673 35  -  Audrey Phoon DECONSTRUCTING TURKEY Sergio Herman's turkey chips (below) make a great starter for a Christmas meal, while the 1 Bite Turkey Dinner (right) from Kevin Cherkas encapsulates the taste of a traditional turkey dinner in one mouthful From turkey 'chips' to spherified turkey, three international chefs put
        JOSEPH NAIR; YEN MENG JIIN  -  1,673 words
      • Article, Illustration
        Lock icon Updating a Christmas classic
        810 37  -  Audrey Phoon Melina Yong tweaks a time-honoured recipe to create a lighter, healthier roast turkey. By i IF you prefer biting into food that you actually recognise, then perhaps Christmas is best celebrated with a classic roast turkey instead of any deconstructed version of the bird.
        JOSEPH NAIR  -  810 words
      • Article, Illustration
        Lock icon Forward planning
        1636 38  -  Jaime Ee Lean times or not, some restaurateurs are going ahead with their expansion plans. By THE flipside of a recession is that the costs of doing business go down, which may be why many F&B projects that were planned before the global economy went belly up are
        YEN MENG JIIN  -  1,636 words
    • SHOPPING
      • Article, Illustration
        Lock icon SKIN SAVERS
        440 39  -  Melissa Lwee Christmas gift guide Beauty products get boxed up in these pretty and practical gift sets that require no wrapping and offer good value for money at under $50C By Acqua di Parma This Colonia Intensa gift set ($175) is ideal for the man of your dreams.
        JOSEPH NAIR  -  440 words
      • Article, Illustration
        Lock icon ALL FOR A GOOD CAUSE
        705 40  -  Melissa Lwee This Christmas, consider giving a gift that keeps on giving By 'TIS the season to be jolly but it's also the season for giving. Shopping for your loved ones can actually result in twice the pleasure, especially when you pick gifts where the
        705 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon DECKING THE HALLS
        1113 41  -  J Melissa Lwee personal space Not many would take the time to dress their house in full Christmas regalia, but then again, not manv are like advertising guru Linda Locke. By NOT many people in Singapore would take the time to deck their house out in full
        JOSEPH NAIR  -  1,113 words
    • PROFILE
      • Article, Illustration
        Lock icon NEW SHOE FITS WELL
        1268 42  -  Audrey Phoon Celebrity shoemaker Jimmy Choo also gives talks and is planning masterclasses. By AFTER dessert at a recent dinner with Jimmy Choo, the chefs brought out a collection of shoes crafted entirely of chocolate to honour their celebrity guest: a pair of open-toed pumps decorated
        1,268 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon Song and fun
        1001 43  -  Amanda de Guzman WEEKEND WITH VOCALUPTUOUS A CAPPELLA GROUP Members of the a cappella group Vocaluptuous eat and holiday together, and that helps them sing better together. By FTER performing in Japan, a cappella group Vocaluptuous decided to top off their triumphant concert by going on holiday
        JOSEPH NAIR  -  1,001 words
    • SPAS
      • Article, Illustration
        Lock icon SLATHER IT ON
        2152 44 It's the season to indulge in copious amounts of festive food and drink and there's no reason why your skin should miss out. Check out what to feed your skin here. Polished Divas Nail Lounge 2378 Victoria Street S 6339-7646 Polished Divas Caviar Manicure and Pedicure $60
        YEN MENG JIIN  -  2,152 words
    • SPORT
      • Article, Illustration
        Lock icon Grand slam for local sport
        824 45  -  Lee U-Wen no holds barred DURING a year that has been nothing but bad news for many affected by the global financial crisis, it is heartening to see how the efforts of at least one group of Singaporeans have brought some much-needed cheer in these
        824 words
    • GOLF
      • Article, Illustration
        Lock icon Christmas gift guide 2008
        1251 46  -  Justine Moss Here's something that will appeal to either novice or low-handicap player. By WITH Christinas just days away, 'tis the week of frantic catalogue scouring, bargain hunting and pavement pounding in search of that under-the-tree gift. In these financially challenged times, however, it's a shoppers'
        1,251 words
    • MOTORING
      • Article, Illustration
        Lock icon AN AUTO CHRISTMAS
        969 47  -  <_* Samuel Ec It may be tough times but that doesn't mean that you have to give up on treating yourself to an exotic ride this festive season. It is still possible to enjoy that sports car, especially when there are a couple of guilt-free alternatives to
        ARTHUR LEE  -  969 words
      • Article, Illustration
        Lock icon GO DUTCH
        719 48  -  Samuel Ee Behold the Spyker C8 Laviolette. This mid-engined two-seater coupe is a visual treat And its exclusivity, with fewer than 200 units built each year, only adds to its allure. By HE key is a fat round block of steel, like a very large and heavy metal
        719 words
  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      299 35 Christmas with... MELISSA KWEE CHAIRPERSON HALOGEN FOUNDATION CHRISTMAS is a time to remember the humility and hope of Jesus. Some of my family members and I will be serving Christmas lunch on Dec 24 to the construction workers at our Capella Singapore hotel site. We're having a family lunch of
      299 words
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  • Page 36 Miscellaneous
    • Miscellaneous
      Lock icon Page 36 Miscellaneous Column 1
      409 36 Christmas with... GAURAV KRIPALANI ARTISTIC DIRECTOR SINGAPORE REPERTORY THEATRE I'M having a nice Christmas dinner on Dec 24 with a group of friends. A friend is cooking a traditional Christmas dinner at their house and I am quite excited. I love turkey and traditional cranberry sauce. My big holiday is
      409 words
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  • Page 38 Advertisements
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      Lock icon Page 38 Advertisements Column 1
      687 38 WillG<SdillG with BTWeekend Pine Court Chinese Restaurant Joel Robuchon in Paris, Troisgros in Roanne Marina Mandarin Singapore Pan Pacific Singapore Level 35, Orchard Wing and Le Jardin dcs Sens in MontPellier>this 6 Raffles Boulevard, Marina Square Festive Party Packs Meritus Mandarin Singapore former "ght-hand man to the Michelin star Peach
      687 words
  • Page 38 Miscellaneous
    • Miscellaneous
      Lock icon Page 38 Miscellaneous Column 1
      202 38 Christmas with... MICHEL LU RESTAURATEUR My birthday falls on Christmas Day, so I am throwing a party on the eve. Mark Doyle, a DJ who started the Hed Kandi brand and is now doing Fierce Angel, is going to come and do a party for me here at Prive. He
      202 words
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  • Page 42 Miscellaneous
    • Miscellaneous
      Lock icon Page 42 Miscellaneous Column 1
      208 42 Christmas with... CELINA LIN-GOROS FORMER BANKER, JEWELLERY DESIGNER AND NEWLY-WED AM in the midst of moving house, so I will be spending Christmas in my apartment, doing the basic sort of decor and I will be moving right afterwards. I'll have a very small Christmas party, using a takeaway spread.
      208 words
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  • Page 46 Miscellaneous
    • Miscellaneous
      Lock icon Page 46 Miscellaneous Column 1
      191 46 Christmas with... WENDY LIM SOUTH-EAST ASIA RETAIL BANKING HEAD, RBS ACTUALLY I haven't decided what I am doing for Christmas. I am waiting to confirm a scuba diving in Puerto Galera, Philippines and the reason I am still not sure is because I am waiting for my girlfriend's vacation application
      191 words
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  • Page 47 Advertisements
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      Lock icon Page 47 Advertisements Column 1
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