The Business Times, 23 December 2008

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Microfilm: NL29606
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Tuesday, December 23,2008
    20 words
  • Article
    Lock icon DBS grabs initiative with $4b cash call
    808 1  -  EMILYN YAP Move not unexpected, but size and pricing come as surprise to some By [SINGAPORE] Preparing for tougher times ahead, DBS Group yesterday launched a $4 billion rights issue priced at a steep discount to boost its balance sheet and pursue organic
    808 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      46 1 lorn lay lange KLCOMP 873.43 -2.97 NIKKEI 225 8,723.78 +135.26 HANG SENG 14,622.39 -505.12 ;et index 434.08 -12.93 JAKARTA COMP 1,345.31 -2.98 MANILA COMP 1,840.94 -62.59 ;eoulcomp 1,179.61 -1.36 ;henzhenb 286.02 -3.15 MUMBAI IND 9,928.35 -171.56 11AM EST Change DOW 8,569.71 -9.40 NASDAQ 1,546.54 -17.78
      46 words
    • Article
      Lock icon PRIME RATES
      28 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONGKONG 5.00 INDONESIA 16.562 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 2.00 US 3.25 CANADA 3.50 SWITZERLAND 2.02 INDIA 13.00 Source:
      Bloomberg  -  28 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ per US$) 1.447 (US$/S$ per 1.493 2.161 ;URO (US$/S$/E) 1.406 2.035 Foreign currency per US$ S$ 'EN 89.90 62.10 3.481 2.405 IK$ 7.751 5.355 !AHT 34.55 23.87 lUPIAH 11,050 7,634 lENMINBI 6.849 4.732 INDIAN RUPEE 47.61 32.89 1.460 1.009 IZ$ 1.725 1.192
      45 words
  • Article, Illustration
    Lock icon Keppel sails into new era as CEO Lim hands over helm
    586 1  -  VINCENT WEE Choo Chiau Beng takes over; Lim remains group's non-exec chairman By [SINGAPORE] In what it billed as part of a normal succession plan for senior management, Keppel Corp announced yesterday that executive chairman Lim Chee Onn would
    586 words
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      88 1 I 1791. When Wolfgang Amadeus Mozart composed «The Magic Flute», Vacheron Constantin was 36 years old. r PATRIMONY CONTEMPORAINE I RETROGRADE DAY AND DATE I j^P mtkJ^M 0 42.5 mm pink gold case. Caliber 2460 R3l R7sl Hallmark of Geneve. I Hw/ a^ anc' c' ate retroBrac'e indicator. Anti-reflective sapphire
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      3 1 8 *****1 *****4
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      69 1 dffiflflEßS SME Inc ECONOMY PROPERTY ART OF WAR I —I Kjf^M|irsJ^j Shooting for the Big plunge in Tapping STI to signal Zap for Sun Tzu's strategies! T39M B^^T silver lining Japan's exports office rental swings Win an Epson wireless 1 Wh <flßkl PAGE 11 PAGE 3 PAGE 27 projector! PAGE
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  • TOP STORIES
    • Article, Illustration
      Lock icon Boards must bear blame for the crisis, says man who's seen it all
      642 2  -  UMA SHANKARI Spore will ride storm, says outgoing Capita Land deputy chairman Owyang FFADSBy [SINGAPORE] Outgoing Capita Land deputy chairman Hsuan Owyang has been closely tracking Wall Street every day for the past 56 years, and so
      YEN MENG JIIN  -  642 words
    • Article
      Lock icon 3 insurance brokers stripped of advisory services rights
      323 2  -  JAMIE LEE MAS takes action after finding breaches of the law By [SINGAPORE] Three insurance brokers Acclaim Insurance Brokers, Leadenhall Insurance Brokers and Magnetron Insurance Financial Services have been told by the central bank to stop offering advisory services by today. And
      323 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon DBS grabs initiative with $4 billion cash call
        72 2 PREPARING for tougher times ahead, DBS Group yesterday launched a $4 billion rights issue priced at a steep discount to boost its balance sheet and pursue organic growth. While some analysts had expected several Asian banks to raise new capital as the
        72 words
      • Article
        Lock icon Keppel sails into new era as CEO Lim hands over helm
        112 2 IN what it billed as part of a normal succession plan for senior management, Keppel Corp announced yesterday that executive chairman Lim Chee Onn would be relinquishing his role as chief executive officer but would continue to serve as
        112 words
      • Article
        Lock icon 3 insurance brokers stripped of advisory services rights
        75 2 THREE insurance brokers have been stopped from offering advisory services after the central bank found that they had flouted the regulations governing financial advisers. Acclaim Insurance Brokers, Leadenhall Insurance Brokers and Magnetron Insurance Financial Services were found to have contravened the Financial
        75 words
      • Article
        Lock icon Strong yen, weak demand puncture Japanese exports
        91 2 JAPAN'S exports collapsed dramatically last month as shipments to China and the rest of Asia fell at their steepest rate in more than 20 years, demolishing hopes that demand from the region might shield Japan. News of the record 26.7 per cent plunge
        91 words
      • Article
        Lock icon Parkway to manage USs2oom hospital in Middle East
        65 2 FOLLOWING multiple forays in Asia, Parkway Holdings is setting its sights on the Middle East next with a contract to manage a new US$2OO million hospital in the United Arab Emirates. The project marks Parkway's first overseas management consultancy job, in which
        65 words
      • Article
        Lock icon Asian stocks may see rebound in H1: Merrill
        76 2 ASIAN equities could see a sharp bounce in the first half of 2009 as fiscal stimuli stir global economies from sleep, a Merrill Lynch report noted yesterday. Because Asian equities tend to waltz in step with expectations of global growth, stocks here
        76 words
      • Article
        Lock icon More enjoying longer leave, shorter work week: poll
        84 2 MORE Singapore workers with better qualifications are enjoying longer leave and shorter work week as they move up the job ladder and into higher-end services industries, according to a national survey. The survey conducted in June by the Ministry of Manpower also
        84 words
      • Article
        Lock icon Swathes of UK households feel squeeze on income
        70 2 NEARLY two-thirds of British households have less money to spend as tighter credit conditions, falling house prices and sharp spikes in food and energy bills take a toll on the average budget. Disposable income was down in 71 per cent of households
        70 words
    • Article
      Lock icon US forms working family task force
      271 2 NYT [KAILUA, Hawaii] Presi-dent-elect Barack Obama on Sunday announced the creation of a task force to bolster the standard of living of middle-class and working families in America, tapping Vice Presi-dent-elect Joseph Biden to lead the effort with four members of the Cabinet. "Our
      NYT  -  271 words
    • Article, Illustration
      Lock icon Strong yen, weak demand puncture Japanese exports
      600 3  -  ANTHONY ROWLEY Analysts expect further double-digit falls; little hope of regional demand shielding economy By in Tokyo JAPAN'S exports collapsed dramatically last month as shipments to China and the rest of Asia fell at their steepest rate in more than 20 years, demolishing
      Ministry of Finance, AP  -  600 words
    • Article
      Lock icon Toyota flashes warning of unprecedented 150b yen loss
      671 3 Reuters Forecast loss comes as the company was hit by sales drop and stronger yen [NAGOYA, Japan] Toyota Motor Corp forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen in what it said
      – Reuters  -  671 words
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      975 2 Notice to the Holders of: (i) Minibond Series 2 S$ Credit-linked Notes due 2012 and US$ Credit-Linked Notes due 2012 ("Minibond Series 2") (ii) Minibond Series 3 S$ Credit-Linked Notes due 2012, US$ Credit-Linked Notes due 2012 and A$ Credit-Linked Notes due 2012 ("Minibond Series 3") (collectively, "Minibond Series 2
      975 words
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      Lock icon Page 2 Advertisements Column 2
      20 2 HHH protect a^«s "5% BUILD WEALTH OFFSHORE Hll—ll COMPANIES BaE^B MHPfHMUpMiRIfi^M initial ■ij«||jjMji«|jjM^j|jai«iJij|jMjijß|tjiHjm consultation 1 I p!U|iyiUdBUiMiIHHHHpPHHpH^H and brochures J
      20 words
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      73 2 Si Fantasy Waterbeds Pte Ltd &I(E^ Where Sleep Matters. V Rest assured. Now you can finally experience complete holistic sleep and all the benefits that come with it. "Visit our Fantasy Sleep Centre for your ultimate sleep solutions. Waterbeds Latex Memory Foam Spring Mattresses Feather Down Pillows/Quilts fl^K I Bedding
      73 words
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      92 3 —__ZIZ it The E-Class Speeial^E^tionT^ fl* v^B^"^ lfli wit iM "E^^fcJT^^^fc> y-^. J b. r-^ '"i-U -c ":Lt "i-v i 1 j^''l "^3 v r V L 1" *b'" :»I "V-^ I.^l-"'-- C"-'i '■;".y";* jl. .j1"- 4V- '-r'- 7 .v ri J"' 't,'; M .'.•-''■-Z-''i i-v&^ Tt'^V-?1!:"^ -T--.-- .v-v;-- Jf-
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon DBS rights, HK dive weigh on market
      593 4  -  R SIVANITHY STOCKS ST Index ends 50 points lower amid thin trading volume due to year-end holidays DBS Group Holdings' surprise rights issue provided the main talking point in an otherwise lacklustre and weak session yesterday ahead of the holiday season. Prices had
      Bloomberg  -  593 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      89 4 Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 9 4 0 0 0 2 9 4 lanufacturing 48 38 55 55 40 61 Commerce 12 15 22 14 17 25 "pt/Stor/Comms 12 15 12 15 ■inance 21 11 21 11 instruction 'roperties 22
      89 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      110 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 8,977 8,977 20,465 20,465 lanufacturing 206,539 13,543 220,082 95,282 388 95,670 lommerce 48,616 6,800 55,416 45,610 1,181 46,790 'pt/Stor/Comms 50,641 349 50,990 80,922 79 81,001 :i nance 34,589 34,589 250,364 250,364 lonstruction 15,195 2,266 17,461 1,156 29 1,186 'roperties
      110 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 4 lapitaLand 2.880 -0.420 Noble Grp 0.965 -0.065 lapitaMall 1.580 -0.110 OCBCBk 4.930 -0.140 jtyDev 6.560 -0.420 Olam 1.150 -0.070 losco Corp 0.975 -0.035 S IA 11.760 -0.400 IBS Grp 9.370 -0.480 SGX 5.170 -0.270 :&N 2.890 +0.010 SIAEngg 2.100 -0.010 Sent Intl 0.445 -0.020 SPH 3.170
      105 words
    • Article
      Lock icon BROKERS' TAKE
      320 4  -  JAMIE LEE Land Transport Sector DMG Partners Securities, Dec 22 EARNINGS growth to be partly driven by falling energy prices: West Texas Intermediate crude oil price averaged US$44 per barrel in the first 18 days of December 2008, one-third the June 2008 peak of US$l34 per barrel. ComfortDelGro
      320 words
    • Article, Illustration
      Lock icon Rotational play likely to continue
      267 4 CHART POINT LAST week, there was anecdotal evidence to suggest that funds were positioning ahead of the Capricorn effect in January, particularly in the oversold property sector. The broad market performance synced well with the recovery in the advanc-ers-minus-decliners index and rising M 2. Although
      Kelive  -  267 words
    • Article, Illustration
      Lock icon US$ fights back after car industry rescue
      510 4  -  LARRY WEE CURRENCIES NEWS late last week of a US car industry rescue package helped the US dollar make a comeback yesterday, especially when combined with bad news elsewhere, but currency watchers warned of further volatile moves as we move into the height
      Reuters  -  510 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      57 4 CLOSE IT OB/OS 422.00 -95.0C IT CADI -*****.00 -37.0' IT 10-day MA -*****.00 +42.0i TSE ST Mid Cap 360.37 -1.0' TSE ST Small Cap 296.16 -1.7 TSE ST All Share 420.13 -9.61 TSE ST China Top 187.96 -0.7! TSE ST China 188.67 -0.6: IOB Catalist 75.58 +0.41
      57 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 4 VOLUME Midas 39,204,000 Golden Agri 32,359,000 Noble Grp 23,186,000 Epure 21,542,000 China Honqxinq 19,826,000 Capita Land 16,391,000 Gent Intl 15,717,000 Straits Asia 13,637,000 Bio-Treat 12,587,000 Cosco Corp 12,057,000 VALUE(S) DBS Grp 99,801,351 UOB 76,290,360 Capita Land 51,824,190 OCBC Bk 50,852,540 Sing Tel 30,715,494 Noble Grp 23,254,965 Midas
      60 words
    • Article
      Lock icon RISES
      106 4 CLOSE UP ;txpo ioo 1040 45.0 4.5 LD 10US$ 8350 28.9 0., IK Land 256 23.1 6. Teative Tech 412 12.0 3.' iBS DB ePW*****2 69 11.0 19.' IQB 5.05%NCPS 100 8990 10.0 0.1 iBS RB ePW*****3 150 9.0 6, IMH 1848 8.7 0. ilA 200 1172 8.0 0.
      106 words
    • Article
      Lock icon FALLS
      122 4 CLOSE DOWN 1234 -66.0 -5.1 UOB iBS Gr| 937 -48.0 -4.9 i Land 288 -42.0 -12.7 At 656 -42.0 -6.0 S I A 1176 -40.0 -3.3 in< mra Fin 127 -33.0 -20.6 SGX 517 -27.0 -5.0 China H 10US$ 1070 -23.1 -1.5 STI2700SGAePW*****0 186 -23.0 -11.0 MS India 10US$
      122 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      87 4 Dec 22 CLOSE CHNG FR Dec 19 YR2008 S$ LOW S$ HIGH USS 1.4471 0.17 1.5346 1.3457 Euro 2.0385 0.04 2.2064 1.8640 Pounds 2.1511 1.66 2.8431 2.1348 AS 0.9931 0.21 1.3251 0.9068 Yen* 1.6127 1.25 1.6899 1.2619 Rupiah* 0.***** 0.17 0.***** 0.***** Baht* 4.1884 0.34 4.4299
      87 words
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      34 4 Ki/sPWi^r^^^-MreDE THE MARKET VOLATILITY Jfc^ TO YOUR ADVANTAGE ■^WRpP »i»KECFD I T fl Your local broker for global CFDs I f Call 6536 2000 or visit www.kecfd.com to register for a FREE seminar now!
      34 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon DBS warns of lower Q4net earnings
      530 5  -  CONRAD TAN Net profit before one-time charges could be moderately lower than in Q3 By DBS Group Holdings' net profit is expected to slide further in the fourth quarter, the bank warned yesterday as it announced plans to raise some $4 billion in new
      AP  -  530 words
    • Article
      Lock icon DBS move may well spark industry fund-raising
      678 5  -  CONRAD TAN DBS's plan to raise some $4 billion in new capital through a rights issue should have been welcomed by the market. It was not. DBS's share price plunged nearly 11 per cent as soon as trading resumed after the announcement, before
      678 words
    • Article, Illustration
      Lock icon Parkway to manage US$200m M-E hospital
      610 6  -  CHEN HUIFEN UAE project is its first overseas job in which no equity stake is involved By FOLLOWING multiple forays in Asia, Parkway Holdings is setting its sights on the Middle East next with a contract to manage a new US$2OO million hospital in
      JOSEPH NAIR/THE STRAITS TIMES  -  610 words
    • Article
      Lock icon Tuan Sing associate sells Canberra hotel
      318 6  -  JAMIE LEE AsBom price tag is 14% above book value By TUAN Sing Holdings' 50 per cent-owned Australian associate, Grand Hotel Group (GHG), is selling its hotel in Canberra for AsBo million (5579.5 million) a near 14 per cent premium to its book value.
      318 words
    • COMPANY BRIEFS
      • Article
        Lock icon Stratech revises terms of proposed rights issue
        141 6 STRATECH Systems yesterday said it was revising the terms of its proposed rights issue to "reflect current market conditions". Earlier in September, it was planning to issue up to 119.6 million rights shares at 2.5 cents each on the basis of one rights
        141 words
      • Article
        Lock icon CapitaLand's Ascott wins deal to manage Citadines Jakarta
        94 6 CAPITALAND'S wholly owned serviced residence arm The Ascott Group (Ascott) has clinched a contract to manage its first Citadines-branded serviced residence in Indonesia. Jakarta is the 14th city in Asia Pacific to have a Citadines property as part of Ascott's plans to
        94 words
      • Article
        Lock icon Moody's affirms Aaa issuer rating of Temasek
        108 6 MOODY'S Investors Service yesterday affirmed the Aaa issuer rating of Temasek Holdings. The rating outlook is stable. "The Aaa rating reflects Temasek's strong fundamental financial profile as a holding company, underscored by its steady recurring dividend income, high-quality investment portfolio and low level
        108 words
    • Article
      Lock icon Asian stocks may see rebound in 1HO9
      490 8  -  JAMIE LEE Equities could rally as fiscal stimuli stir global economies: Merrill Lynch By ASIAN equities could see a sharp bounce in the first half of 2009 as fiscal stimuli stir global economies from sleep, a Merrill Lynch report noted yesterday. Because Asian
      490 words
    • Article, Illustration
      Lock icon FROM BANK NISP TO BANK OCBC NISP
      143 8 OCBC Bank's Indonesian subsidiary, PTBank NISP Tbk, yesterday announced a name change to become PT Bank OCBC NISP Tbk. The name change has been approved by the central bank, Bank Indonesia, and took effect on Dec 15. The bank's shareholders gave their approval
      143 words
    • Article
      Lock icon Z-Obee expects to rough out current slump
      977 8 It's banking on superior technology, leading-edge design capabilities [BEIJING] Z-Obee Holdings Ltd sees its superior technology and leading-edge design capabilities as key to its long-term growth in China, the world's largest mobile phone market. The Shen-zhen-based, Singapore-listed firm also expects to weather the
      977 words
  • Page 5 Advertisements
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      58 5 I Which of these three would make a great teacher? II ri v K^l I II II 1 |H Find out more at /I 'Teaching As A Profession Seminar' fB^W P^^B 9^fffl S I 17 Jan 09 (Saturday), 2.30pm to 5.30pm AflMy4stfJJ CM I Orchard Hotel Grand Ballroom (Level 3)
      58 words
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      1267 6 A MAIS J L JAPAN LAND LIMITED AMI] (Incorporated in Singapore) (Company Registration No. *****7417K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting of JAPAN LAND LIMITED (the "Company") will be held at Suntec Singapore International Convention Exhibition Centre, 1 Raffles Boulevard, Level 3,
      1,267 words
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      5 6 ZAP I feUI 1^1^^^0JECT0B|^^^I I
      5 words
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      95 7 ISi^9 S^ i I /I I VJBk\?A w\ WSTSB S^M Ilia i^^ I-v^l |C.5*.'«e« in>>^Bgil£| IjBi'^rafl II' I llBrStrf; 'I Wt 1 V 'iBIr^lHrr' d«- 1 m r EMERALD DRILLER 1 W WM Er t Warmest Congratulation to Vantage Drilling Company Being the proud owner of The first drilling rig
      95 words
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  • Page 8 Advertisements
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      474 8 2 FIND THE ONES PH HTUTHATFIT! h Q _J Recruit the right people f^ f*} through CATS Recruit. I——\ <t s=\ j 3 C Call 1800 289 8822 or email I recruit@sph.com.sg /"vJ \S~\ r^J to advertise. —H> S\ BSATC3 Us /f J \S~\ RECRUIT J W<*s4 kA-^^VT^T^^T-'r» Toll free:
      474 words
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      48 8 taWat THE HEARTBEAT OF THE INDIAN COMMUNITY Pick up your FREE copy at all 7-Eleven outlets, Mustafa, Saravanaa Bhavan, White Water Cafe, Singapore Khalsa Association, Singapore Indian Association, Annalakshmi and SIFAS. Call 6319-1800 or e-mail circs@sph.com.sg to get a copy delivered to your doorstep. WBS Singapore Press Holdings
      48 words
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      28 8 Bid price starts from $2,450 Bidding ends 11.59pm, 28 Dec 2008 Hurry, only 1 up for grabs! Mitsubishi W MR-WSSN Refrigerator M Retail price: I H II y^^A
      28 words
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      746 9 Carrefour <(^ Bla.^B CARREFOUR LONG FLAT t~~~~ laaaaaaBBBEaBl W CTAMI1 A PU A MPC TH 1AIIM ALSACE AOCSYLVANER DEPH MOSCATO J A ,,|i, f O IANU A UIIANOL I U WIN SHL lb mHm^m A a Farfalla FWCWE192 Ifl l Wine Cellar worth $2888 f I A i' /9 *i
      746 words
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  • SINGAPORE NEWS
    • Article
      Lock icon More enjoying longer leave, shorter work week: poll
      591 10  -  CHUANG PECK MING Share of workers in private sector with flexi-hours hits 7.4% from 5.1% in 2006 By MORE Singapore workers with better qualifications are enjoying longer leave and shorter work week as they move up the job ladder and into higher-end
      591 words
    • Article, Illustration
      Lock icon Opportunities in crisis for start-ups, investors
      361 10  -  CHEN XUIFEN By BOTH start-ups and angel investors should make hay during the current financial meltdown as it presents opportunities for both parties, said Boon Swan Foo, executive chairman of Exploit Technologies, the Agency For Science, Technology And Research's (A*Star) commercialisation unit. "For the
      FILE PHOTO  -  361 words
    • Article
      Lock icon Builders have until June 16 to apply for new licences
      234 10 ALL builders in Singapore carrying out building works under the Building Control Act will have to apply for their builder's licence latest by June 16 next year, the Building and Construction Authority (BCA) said yesterday. The requirement first came into
      234 words
    • Article, Illustration
      Lock icon Volvo Ocean Race fleet arrives in Singapore
      593 10  -  VINCENT WEE By AFTER the first few of the eight boats of the Volvo Ocean Race fleet arrived in Singapore over the course of last night and when more come in later on today, there will be arguably more Olympic sailing medallists in
      RICK DEPPE  -  593 words
    • Article
      Lock icon FIDReC prepares for rise in complaints
      222 10 THE Financial Industry Disputes Resolution Centre (FIDReC) announced yesterday that it has increased its available resources and expanded its facilities to handle the expected rise in the number of complaints lodged. This relates to the Lehman Minibond Programme, DBS High Notes 5, Merrill Lynch
      222 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Citadines Jakarta to open by H2 2010
        51 10 CAPITALAND'S whoUy owned service residence unit, The Ascott Group, will be taking its Citadines brand to Jakarta, making it the 14th city in the Asia-Pacific to have a Citadines property. The 120-unit Citadines Jakarta is slated to open by the second half of
        51 words
      • Article
        Lock icon LTA warns of heavy traffic at checkpoints
        64 10 WITH the coming holidays, traffic flow through the checkpoints at Woodlands and Tuas is expected to be heavy, starting from Dec 24 for departures. For arrivals, traffic is expected to be heavy on the evenings of Dec 28, Jan 1 and Jan 4.
        64 words
    • Article
      Lock icon S'pore maintains 4th spot in top destinations
      322 10  -  NISHA RAMCHANDANI By SINGAPORE'S 10.3 million tourist arrivals in 2007 helped it maintain its fourth spot in Euromonitor International's Top City Destinations 2007, pipping hot spots such as Paris and New York. While London saw a 2 per cent drop in tourist arrivals
      322 words
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  • SMEInc
    • Article, Illustration
      Lock icon Shooting for the silver lining
      1154 11 Star Furniture takes bad times as a good time to solidify its business and even grow, reports FELDA CHAY THE current financial turmoil has caused many companies to run for cover, abandoning expansion plans. Not Star Furniture. The company, which manufactures, retails and exports furniture,
      FILE PHOTO  -  1,154 words
    • Article, Illustration
      Lock icon Superdog with a good nose for quality
      985 12 Homegrown hot dog and burger chain is totally immersed in what it does, reports TEH SHI NING IT'S NEVER easy to start your own business, Superdog's founder and managing director Edmund Koh says: "You have to be prepared to live and breathe it."
      ARTHUR LEE  -  985 words
    • Article
      Lock icon Will small-cap rally spill into 2009?
      469 12  -  TEH HOOI LING By SMALL-CAP stocks seemed to have found their footing in the last three weeks, but the question is how long. In the first three weeks of December, our small-cap portfolio rose by 12 per cent compared with the 3.3 per cent
      469 words
    • Article, Illustration
      Lock icon Picking the right ERP – the biggest decision for many outfits
      1048 12  - Picking the right ERP the biggest decision for many outfits LENLEY HENSARLING By REGARDLESS of language, culture and industry, the business needs, goals and challenges of mid-size organisations are remarkably similar. Every day mid-size companies strive for a solid financial foundation, high customer satisfaction and positive business growth. It doesn't
      FILE PHOTO  -  1,048 words
    • Article, Illustration
      Lock icon Becoming export-ready: what SMEs need to do
      1291 13 Key factors to consider include financial position, distribution channels and potential risks A LARGE proportion of businesses which export goods or services are classified as SMEs and many more smaller concerns can, with the right preparation, identify lucrative international markets. There are therefore
      STOCK.XCHNG  -  1,291 words
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  • Page 11 Miscellaneous
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      70 13 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with a one-stop shop service, from
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      1750 13 w WAITS X^l V^>/ X. A.^^J M~i iJ Toll free: 1800-289-8822* Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF IN THE MATTER OF THE |^^H THE COMPANIES ACT, CAP. 50 COMPANIES ACT CAP 50 intheZtterof a™ (TH HOUSING SPLENDOUR VIEW DEVELOPMENT IN™™ DEVELOPMENT k PTE. LTD. MONTELPTELTD p niDn [IN CREDITORS'VOLUNTARY
      1,750 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      189 13 The tumultuous year of 2008, now known for bringing major financial institutions to their knees, is coming to a close. As the turn of the year approaches, it may be apt to look back at the past 12 months, to reflect and plan for what lies ahead. If you are
      189 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Swathes of UK households feel squeeze on income
      559 14  -  JANE MOIR Households struggle with debts as spikes in food, energy bills take toll on budget By FAD in London NEARLY two-thirds of British households have less money to spend as tighter credit conditions, falling house prices and sharp spikes in food
      AFP  -  559 words
    • Article
      Lock icon Russian oligarchs vie for govt largesse
      640 14 They seek to be rescued 12 yrs after bailing out Kremlin [MOSCOW] Russian oligarchs are lining up for US$7B billion of Kremlin loans to survive the credit squeeze, handing Prime Minister Vladimir Putin the opportunity to increase government control of the nation's biggest companies.
      – Bloomberg  -  640 words
    • Article
      Lock icon China cuts interest rates by 27 bps
      365 14 [BEIJING] China trimmed interest rates yesterday as the government sought to fend off a deepening economic slowdown, though the cut was smaller than many analysts had counted on. The People's Bank of China (PBOC) cut benchmark one-year lending and deposit rates by 27
      Reuters  -  365 words
    • Article
      Lock icon Switzerland well placed to weather recession
      814 14 It is still enjoying the benefits of a five-year-long boom [ZURICH] The fairy tale tram rattles along Bahnhofstrasse, Zurich's posh shopping street, beneath the twinkling Christmas lights as if this was just any other year. Inside the tram, children listen to tales of Santa
      Reuters  -  814 words
    • Article
      Lock icon Swiss minister hints at a third stimulus package
      254 14 [GENEVA] Switzerland may need a third economic stimulus package if the economy fails to recover in 2010, Finance Minister Hans-Rudolf Merz was quoted as saying on Sunday. The government announced a stimulus package of about 650 million Swiss francs (SsBss million) last
      Reuters  -  254 words
    • Article, Illustration
      Lock icon British PM pledges 100,000 jobs
      290 14 -AFP [LONDON] British Prime Minister Gordon Brown pledged to create at least 100,000 new jobs through a £10 billion (5521.8 billion) investment on infrastructure, in an newspaper interview published yesterday. The money would be spent over the next two years on education, transport and other
      -AFP  -  290 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesian villagers caught in mud eruption get little help
      895 15 -NYT [RENOKENONGO, Indon esia] Her children insist, so every week or two, LilikKamina takes them back to their abandoned village to look at the mud. "Hey, Mum, there's our house, there's the mango tree," she said they shout. But there is
      -NYT; AFP  -  895 words
    • Article
      Lock icon Jakarta, Beijing ink trade, energy deals
      233 15 -AFP [JAKARTA] Indonesia and China signed energy and trade deals worth more than US$4 billion on Monday during a visit by Chinese First Vice Premier Li Keqiang. Mr Li, who is in Indonesia for a four-day official trip, paid a visit to President Susilo
      -AFP  -  233 words
    • Article, Illustration
      Lock icon Indonesia expects 2009 investments of USsl7b
      245 15 [JAKARTA] Indonesia's total investment is expected to be around US$l7 billion in 2009, the chairman of the country's investment board said yesterday, lower than an earlier target of around US$2O billion due to the global economic crisis. Indonesia has sought to make its investment
      – Reuters  -  245 words
    • Article
      Lock icon Indonesia to evaluate existing mining contracts
      382 15 Reuters [JAKARTA] Indonesia will evaluate existing mining contracts to see whether they need adjusting, particularly on royalties and the size of mining areas after the passage of a new mining law, the energy and mines minister said yesterday. Indonesia's Parliament passed a new law
      – Reuters  -  382 words
    • Article, Illustration
      Lock icon More stimulus action from KL in February
      407 15 Reuters News website says govt ready with another multi-billion ringgit package [KUALA LUMPUR] Malaysia will announce more measures in February to boost its economy, as falling tech sales and an expected rise in jobless numbers raise the spectre of a recession next year,
      – Reuters  -  407 words
    • Article
      Lock icon Malaysia may up stake in govt-linked firms: report
      241 15 Reuters [KUALA LUMPUR] Malaysia may raise its stake in governmentlinked firms as falling share prices make it cheaper to buy up stock of companies with long-term value, Deputy Prime Minister Najib Razak was quoted yesterday as saying. The government would not cut
      Reuters  -  241 words
  • Page 15 Advertisements
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      1528 15 A MAIS IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 IN THE MATTER OF THE AND AND COMPANIES ACT, CHAPTER 50 IN THE MATTER OF IN THE MATTER OF E.A.S. INDUSTRIES PTE LTD SIRIUS CAPITAL YUKRAINE PTE LTD (In Members'
      1,528 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Japan sought US N-strike on China in 1965
      358 16 AFP [TOKYO] Japan asked the United States in 1965 to be ready to attack China with nuclear weapons if the two Asian powers went to war, newly declassified documents said yesterday. Japan, the only nation to suffer an atomic attack, has long
      AFP  -  358 words
    • Article, Illustration
      Lock icon Mumbai's rich look at security options
      504 16 -AFP [MUMBAI] The billboard above The Pizzeria restaurant on Mumbai's sweeping Marine Drive promenade changes regularly. This week, it tells anyone who passes: "Recommended. Helmets and bulletproof vests for Mumbaiites." As people in India's financial and entertainment capital pick up the pieces from last
      -AFP; AFP  -  504 words
    • Article
      Lock icon Tata to pump 'tens of millions' of pounds into Jaguar
      541 16 uters, AFP -Re- UK ready to help but says it doesn't have an open cheque book [SINGAPORE] India's Tata Motors Ltd has agreed to inject "tens of millions" of pounds into Jaguar Land Rover to prevent an immediate cash-flow crisis,
      uters, AFP; -Re  -  541 words
    • Article, Illustration
      Lock icon China turns on the charm with cuddly pandas
      420 16 Reuters [CHENGDU, China] A Taiwanese plane arrived in the Chinese city of Chengdu yesterday to pick up a pair of giant pandas, a goodwill gift from Beijing and the latest sign of improving ties between the political rivals. Tuan Tuan and Yuan
      " – Reuters; REUTERS  -  420 words
    • Article
      Lock icon Fall in China corporate goods prices points to deflation
      337 16 Reuters [BEIJING] A measure of Chinese wholesale prices fell sharply in November, offering the latest evidence that the world's fourth-largest economy could be getting closer to deflation. The corporate goods price index (CGPI) fell 0.4 per cent in November from a
      – Reuters  -  337 words
    • Article
      Lock icon China lets firms delay social security payments
      247 16 Reuters Firms in difficulties can pay lower insurance rates [BEIJING] China will allow firms that are running short on cash to defer their payments into the country's social security fund next year, as a way of promoting a more stable employment situation, state
      – Reuters  -  247 words
    • Article
      Lock icon Beijing's forex reserves dip below US$1.89t
      555 16 Reuters Fall in Oct is first monthly decline since Dec 2003 [BEIJING] China's foreign exchange reserves, the world's largest stockpile, shrank in October to less than US$l.B9 trillion, their first monthly fall since December 2003, a source familiar with the situation said yesterday. The
      – Reuters  -  555 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon OECD sees world's jobless total rise by 25m
      202 17 [PARIS] The number of people unemployed throughout the world could rise by up to 25 million by 2010 because of the global financial and economic crisis, said Angel Gurria, head of OECD, yesterday. "We're heading for a loss of between eight and
      202 words
    • Article
      Lock icon GM unit to build fuel efficient small car
      254 17 Reuters [CANBERRA] The Australian arm of General Motors (GM) said yesterday that it would build the first fuel-ef-ficient small car in decades after securing government funding and as GM moves onto taxpayer-backed life-support in the United States. As sales of large-engine family
      – Reuters  -  254 words
    • Article, Illustration
      Lock icon US bailout money: Don't know, won't tell
      993 17 -AP Some banks say they're not tracking it, others won't reveal information [WASHINGTON] It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from US taxpayers, the nation's largest banks
      -AP; BLOOMBERG  -  993 words
    • Article
      Lock icon Banks getting bailouts paid top execs US$1.6b
      533 17 -AP [WASHINGTON] Banks that are getting taxpayer bailouts awarded their top executives nearly US$l.6 billion in salaries, bonuses, and other benefits in the calendar year 2007, an AP analysis reveals. The rewards came even at banks where poor results last year foretold the
      -AP  -  533 words
    • Article, Illustration
      Lock icon Thai King swears in new Cabinet of PM Abhisit
      657 17 -AtP, He- [BANGKOK] Thailand's King swore in Prime Minister Abhisit Vejjajiva's new Cabinet yesterday, urging ministers to bring "peace and order" after months of protests that helped to bring down the last government. The oath-taking allows the government to finally start
      -AtP, He; AP  -  657 words
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  • WORLD
    • Article, Illustration
      Lock icon Ireland rolls out 5.5b-euro bank bailout plan
      774 18 ■AP Deal with 3 leading banks commits them to pay dividends of 470 m euros annually [DUßLlN, Ireland] Ireland's finance minister revealed plans yesterday for a 5.5 bil-lion-euro (5511.2 billion) bailout of three leading banks made necessary by what he called reckless property
      ■AP; AFP  -  774 words
    • Article, Illustration
      Lock icon Hedge-fund regulation looks inevitable
      982 18 Bloomberg MADOFF MAYHEM [NEW YORK] Hedge-fund managers say that Bernard Madoff may succeed where Christopher Cox failed: forcing regulation of their US$l.5 trillion industry. The 70-year-old Madoff s alleged bilking of up to US$5O billion begins to uncover a part of the investment industry that has
      – Bloomberg; REUTERS  -  982 words
    • Article
      Lock icon UBS fund invested USsl.4b with Madoff
      222 18 -Rev- [GENEVA/DUBAI] A Luxem-bourg-based fund run by Switzerland's biggest bank ÜBS invested US$l.4 billion with Bernard Madoff, the US fund manager accused of running a US$5O billion fraud, Swiss weekly NZZ am Sonntag said on Sunday. ÜBS declined to comment on the size of
      -Rev  -  222 words
    • Article
      Lock icon Madoff investor Man to continue sponsoring Man Booker Prize
      313 18 Bloomberg [PARIS] Man Group pic, which has about US$36O million in funds linked to US investment adviser Bernard Madoff, will continue sponsoring the Man Booker Prize, the UK's top book award, a spokeswoman for the literary award said. "There's absolutely no
      – Bloomberg  -  313 words
    • Article
      Lock icon Volatility index fails to forecast S&P 500 drop
      423 18 Bloomberg [NEW YORK] Investors are starting to abandon volatility as a forecasting tool for stocks after one of the most-used measures of price swings failed to anticipate the biggest monthly decline in US equities in 21 years. The Chicago Board Options Exchange
      – Bloomberg  -  423 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon SIA Cargo faces cartel allegation
      342 19 AFP Aussie competition body accuses carrier of fixing fuel, security surcharges [SYDNEY] Australia's competition watchdog yesterday alleged Singapore Airlines Cargo had been involved in price fixing, making it the third airline the regulator has pursued in this regard. The Australian Competi- tion and Consumer Commission
      AFP  -  342 words
    • Article, Illustration
      Lock icon US seeks more info on BA, American, Iberia tie-up bid
      430 19 Reuters [WASHINGTON] The US government has asked American Airlines, British Airways pic and Spain's Iberia to supply new information about the potential impact of their proposed alliance on competition. In an order on Friday, the Department of Transportation sought more
      – Reuters; AP  -  430 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2650 19 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI MC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA) Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl F,o,a, u,u,, c Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), v,, L»««,,.vays Corpn (EVA),
      2,650 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.25 0.19 0.98 0.32 0.69 0.46 0.04
        106 words
      • Article
        Lock icon KLSE
        31 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.57 8.65 8.40 2.36 2.38 0.05 0.01 -0.05 0.05 -0.09 0.02 -0.01 25 31 1003 206 1 40
        31 words
      • Article
        Lock icon BANGKOK
        12 19 '00 ■recious Ship Jegional Cont 10.80 6.65 -0.10 -0.25 1060 457
        12 words
      • Article
        Lock icon HONGKONG
        11 19 '000 Doil iingamas Cont .18.00 ...0.58 -0.40 unch 1188 3910
        11 words
      • Article
        Lock icon PHILIPPINES
        17 19 '000 Aboitiz Equity Intl Container Keppel Marine unch 13.00 unch unch -0.50 unch 0 1033 0
        17 words
      • Article
        Lock icon TAIPEI
        22 19 Evergreen Marine ...15.55 :irst Steamship 30.90 /Van Hai Lines 14.50 r"ang Ming Marine...10.50 0.05 -2.10 -0.55 -0.45 9 7 3 16
        22 words
      • Article
        Lock icon TOKYO
        41 19 '000 (awasaki Hvy Ind ..184.00 (awasaki Kisen 391.00 Mitsubishi Hvy 389.00 Mitsui Eng&Sbldg...144.00 i/litsui Osk Lines 548.00 Nippon Express 373.00 Nippon Yusen 529.00 'iource: Thomson Reuters -1.00 5709 12.00 4562 12.00 ***** 3.00 4682 unch ***** 5.00 3272 11.00 6006
        41 words
    • Article
      Lock icon Teledata aims software at freight market
      256 19 [SINGAPORE] Marine and logistics IT provider Teledata Marine Solutions hopes to bring its expertise ashore to meet the needs of the underserved Asian freight forwarding and land transport market. The company hopes to use its newly launched Transport Manager suite of software to make
      256 words
    • Article
      Lock icon Tighter trade finance hits shipping lines
      291 19 Bloomberg [LONDON] AP Moeller-Maersk, the world's largest shipper of containers, and Neptune Orient Lines Ltd, South-east Asia's biggest, said demand is weakening because banks don't want to finance trade during a recession. Seaborne transportation of goods such as washing machines and other household appliances
      – Bloomberg  -  291 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      402 19 CRYPTIC CROSSWORD ArROCC 1 x 1 12 |3 [4 ]5 |6 Hi' 1 Team is embroiled with match statistics etc. (11) 9 By the sound of it, drop a level 10 Expert who may look up a 11 Expression of regret when tourist attraction falls short L_BH__H H__l BL_fl BL_^BL_
      402 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon The immediate challenges for Obama
      526 20 US President-elect Barack Obama appears to be ambitious in his plans for the ailing US economy. Projections of the size of his planned stimulus package seems to increase by the week. During the campaign, he talked of a stimulus of less than US$2OO billion. Now,
      526 words
    • Article, Illustration
      Lock icon Looking backwards for a quick-fix rescue package
      1308 20  -  DAVID SANDISON Easing rules on loss carry-back, cash repatriation could bring relief to Spore businesses By THE one good thing about the current financial crisis is that it relieves me from my annual head-scratching session, which involves looking back at all the wishes
      REUTERS  -  1,308 words
    • Article, Illustration
      Lock icon Will central banks' new aggressiveness payoff?
      793 20  -  ROBERT SAMUELSON THE BOTTOM LINE THEY'RE technocrats, schooled in subjects that bore most people. They are appointed not elected to top government jobs, and what they do is not well understood. But they are enormously powerful, and in 2009, they may determine whether the
      793 words
    • Article, Illustration
      Lock icon Obama's unclear foreign policy agenda
      1413 21  -  LEON HADAR Realpolitik could prove to be a painful cost-cutting exercise in post-neocon era ACCORDING to The Washington Post, a senior diplomat from a major European country, a Middle Eastern ambassador and an Asian ambassador, who represent "major, big-league countries", have all been getting constant
      AP  -  1,413 words
    • Article
      Lock icon How climate change will affect the global economy
      739 21  -  KEVIN PARKER By MOST people accept that the planet is changing. The question now for investors is how, when, where and to what extent climate change will reshape the global economy. I believe that the fund management industry will play an important
      739 words
    • Letter
      Lock icon Thoughts on SGX's regulatory stance
      672 21  -  Mak Yuen Teen LETTER TO THE EDITOR I REFER to the letter from the Singapore Exchange "Shareholders decide merits of stock option awards" (BT, Dec 16). While I agree that lapses in disclosure of options do not necessarily equate to backdating of options, I am
      672 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8584 22 Week ended: Dec 22 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E £5. 12 3 3148 STelecom 17 3 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30.5 12 5000 ABR Hldgs 19 6 1938 AEI Corp 14 1 1100 AEM 29 7
      8,584 words
    • Article
      Lock icon SGX CATALIST
      1822 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
      1,822 words
    • Article
      Lock icon SGX XTRANET
      61 23 Wk Tel Low Code Last Sale Vol COOP) Low Lasi (uote Seller Div C'vr Net P/E ACap Hi. Comi Hi. Bm ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P5OO ***** ***** 6170 SPDRS 385 158 6009 STI ETF US*****
      61 words
    • Article
      Lock icon CLOB INTERNATIONAL
      66 23 Wk Tel Low Code Last Sale Vol C000] lay Low .ast yer Juote Div Seller C'vr Net P/E Cap ,mil Hii Comi >an' Hii Bui 103.2 37 6000 AVJennings 13 4 6134 Over&Gen 31.5 6 6017 StarCruises 283 104 6019 TanChonglnt A47.5 A8 US8.5 HK110 -0.5 295 9
      66 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8818 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.413/ AIGIF Spore Bond Fund/A 1.206/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.6/ APS Alpha Fund (USD)!** 0.41/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5805/ APS Komaba Global
      8,818 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      45 22 ROYAL OAK COLLECTION I' P^^^^^^^^ WHERE EXTREMES MEET |^^'JpFllf^ Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED i«^jg?*^^^^Z^: > <i' < >^<^J? !^T 1 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 jfei^^^^fe--—*^, J| CL^~ -IJi^/ |\S Internet: Http://www.audemarspiguet.com a/^~^^^«-^^R 'j^^'r:^*^,^^
      45 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      356 24 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Dec 19 World Index Preliminary 667.4 0.2 -41.0 1.0 -42.1 -1.1 -42.1 EAFE Preliminai 638.1 -0.5 -43.1 -1.1 -45.0 -3.2 -45.1 Euro[ Prelim inan 898.7 -0.7 -41.8 -2.2 -47.9 -4.2 -48.! Pacific
      356 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 24 As at 9am Dec 22 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9780 1.0100 Can dollar 1.1930 1.2090 Euro 2.0220 2.0470 NZ dollar 0.8320 0.8500 iterlini ind 2.1610 2.1870 US dollar 1.4430 1.4600 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon INTERBANK RATES
      173 24 Dec 22 $S_ Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 3/8 ys$ 1/2 3/4 7/8 1 Offer 3/8 1/2 5/8 3/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.30 0.80 1.50 1.70 2.00 2.20 2.30 Offer 010 0.30
      173 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 24 Dec 22 ten Jii Sett STI SIMSCI Dec 220.8 221.1 210.5 Taiwan Dec 179.3 180.5 172.9 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 24 Dec 22 Bid Offer 1-month 1.4463 1.4495 2 months 1.4458 1.4491 3 months 1.4456 1.4490 6-months 1.4439 1.4475 Source: OCBC
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    • Article
      Lock icon PALM OIL
      66 24 Dec 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Low Vol Open Done Position Jan 09 1586 Feb 09 1570 Mar 09 1580 Apr 09 1576 Total o/p: ***** contracts 1590 1597 1575 590 4956 1587 1593 1570 696 ***** 1588 1596
      66 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      298 24 Dec 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.7800 98.8350 98.8050 98.6750 ***** 3661 3064 2345 EUROYEN TIBOR FUTURES MarO9 99.440 99.440 JunO9 99.495 99.510 SepO9 99.520 99.520 DecO9 Mar10 Jun10 Sep10 Dec10 99.425 99.495 99.520 99.425 99.470 99.515 99.515 99.420
      298 words
    • Article
      Lock icon SICOM FUTURES
      190 24 Dec 22 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High I Low Close Sett Volume (lots) O/l (lots) Jan 09 138.0 FebO9 139.0 Mar 09 140.0 Apr 09 May 09 JunO9 138.0 135.0 140.0 138.0 141.0 143.0 148.3 148.3 148.3 20 32 10 66 66 56
      190 words
    • Article
      Lock icon GOVERNMENT SECURITIES TREASURY BILLS
      83 24 Dec 22 Perioi Issue code Maturity Yesterday's Bid Hi. Day's [h Low 3-Month BQ*****V 26.03.09 1-Year BY*****V 02.11.09 0.44 0.72 0.40 0.30 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A
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    • Article
      Lock icon CHICAGO BOT
      104 24 Dec 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous Hiqh/Low Jan 09 868.25 869.50 869.50 859.50 Mar 09 872.50 874.50 873.75 864.50 May 09 883.75 886.00 885.00 876.25 Jul 09 895.00 897.25 896.00 887.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous Hiqh/Low Jan 09 30.60 30.70 30.87
      104 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Dec 19 CRUDE (FOB origin) US$/barrel Close Chanc Brent blend (1-Mth F) 43.37 -0.69 WTI (Near Mth) 35.85 -0.64 Dubai (1-Mth F) 41.60 -2.04 Tapis blend 44.35 -2.05 Minas 39.85 -2.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 32.45 S0.50 0.63 -0.90 US$/barrel Opec Oil
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 24 Dec 22 AS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound USS Australia 0.829 4.690 0.487 5.307 32.601 75.665 0.616 8.955 2.383 1.181 54.061 32.368 0.991 6.606 0.749 22.566 23.655 0.459 0.685 Canada 1.206 5.655 0.587 6.400 39.313
      462 words
    • Article
      Lock icon SIBOR
      78 24 Dec 22 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 1.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** 3 mths 1.***** 0.***** 6 mths 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs 2.***** 7yrs 2.***** 10yrs 2.***** 12 yrs
      78 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 24 Dec 22 Against SS Currencies Bid Offer Against USS Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9900 0.9922 0.6847 0.6848 Canadian dollar 1.1937 1.1966 0.8256 0.8259 Euro 2.0326 2.0377 1.4058 1.4064 NZ dollar 0.8378 0.8402 0.5794 0.5799 Sterlini 2.1584 2.1634 1.4928 1.4931 US
      157 words
    • Article
      Lock icon PRECIOUS METALS
      144 24 Dec 22 /oz) tec tec Hong Kong 847.20 847.60 848.20 848.60 Dec 19 Dec 18 837.65 848.70 (SS) Selling Buyini 1 oz 1362.11 122 UBS GOLD LUNAR KINEBAR (SS) Selling Buyini M Sellini Bui rim .ondon Source: Thomson Reuters 10gm SILVER $477.22 Selling 392 ifing Bui CAST BAR
      144 words
    • Article
      Lock icon LONDON METALS
      64 24 Dec 19 minimum, 99.7 jrity (US$/tonne) Co Close Previous :ash 1480.00 months 1516.00 1457.51 1494.01 Copper, Grade A (US$/tonne) :ash months 2896.50 2930.00 2845.51 2880.01 .ead (US$/tonne) :ash months 844.50 851.00 916.81 925.01 lickel (US$/tonne) :ash months *****.00 *****.00 9658.01 9775.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00
      64 words
    • Article
      Lock icon LIFFE
      66 24 Dec 19 (£/tonne) Close Prev Hii ih/Low War 09 1774 1790 1822/1752 Way 09 1762 1778 1805/1755 lul 09 1762 1780 1806/1761 iepO9 1744 1760 1770/1770 IOFFEE (US$/tonne) Close Pev High/Low Ian 09 1801 1861 1845/1800 SUGAR (US tonne) White Close Prev High/Low 1ar 09 307.1 325.5 324.9/305.4 lay
      66 words
    • Article
      Lock icon BONDS & WARRANTS
      2601 24 BONDS WARRANTS [el lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price 'rem Expiry Disc Gear- Mths ing Left >058 Advance Modules GrpW*****3 >036 Advance SCT Ltd W*****9 6 0.5 susp 1 1 17 156 1.50 1246 13.00 44 20 S092 Asia Environment W*****4 2 1 281 5.25
      2,601 words
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      3029 25 m t The Business Times Shipping Times I i^^E tf JTfJWI flffi^jJMliff i'/! iJjJ'li llC Ml WAN HAI INTERNATIONAL PTE LTD 1^^^ W» #Tr VZr' Hk^A|j|auuya aaWHllX£iAF/»Mffl<^^ V» Ci\ lAfAii hii i nipr TEL6226I588 imlinesi fax: *****163 I B?W^BlTffini-T-BEB5lll« BJBWHiBliilrff^ I V\N 1 WAN HAI INtS Cusloinet Service/Booking Dite<l Line
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      4551 26 r^^^^^^^^^^^^3.i.l.l.l.H n E EASTERN CAR LINER, LTD I l^^_ESIDn!M lL--!_3____ SPECIALIZE IN RORO& HEAVY LIFT UPTO 450 TONS B^^S KMllaiilaaiilB afi^&^^^^^^^^&^^^^^^^^^^3 pBBgaTjga^a^aa^yoY i Ramp(KI) i L ,n, nq(KI) i MUtt i MNL i S N i PKL i L(B i )KT i *"voy Ifi 11 m'tS PCL/PHL SERVICE AMX SERVICE
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  • PROPERTY
    • Article
      Lock icon China fleshes out details of real estate stimulus
      394 27 Xinhua [BEIJING] China's General Office of the State Council, or Cabinet, on Sunday unveiled more details of a real estate stimulus package adopted at an executive meeting of the Council last Wednesday. The document, called A Number of Opinions Concerning Boosting Healthy
      – Xinhua  -  394 words
    • Article, Illustration
      Lock icon Tapping market indices to signal office rental swings
      424 27  -  KALPANA RASHIWALA DTZ system predicts chance of office market correcting or recovering By [SINGAPORE] In Singapore as well as Hong Kong, stock market indices lead official office rental indices between two and five quarters before correction or recovery sets in, property consultancy
      SGX, URA, DTZ Research, December 2008  -  424 words
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      Lock icon Hypo Real Estate to slash workforce
      328 27 -AFP It will also sell off some of its activities in restructuring plan [BERLIN] Troubled German property lender Hypo Real Estate said last Saturday that it will slash its workforce by almost half in three years, part of draconian moves to save it from
      -AFP; AFP FILE PHOTO  -  328 words
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      Lock icon From Wall St to Bukit Merah
      1336 28 Hsuan Owyang considers his work done in Singapore's public sector among his greatest achievements, reports UMA SHANKARI HIS stint of more than four decades in Singapore has bought him a lot of experience. Hsuan Owyang has been chairman of the Housing and Development Board
      LI YEN MENG JIIN ,  -  1,336 words
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      Lock icon 10% fall seen in UK home prices next year
      349 28 Bloomberg [LONDON] UK house prices will decline 10 per cent next year as a shortage of mortgage finance limits new sales, according to Hometrack Ltd. Values will drop a further 3 per cent in 2010 after dropping 9 per cent this
      – Bloomberg; REUTERS  -  349 words
    • Article
      Lock icon Japanese developer Urban to be liquidated
      271 28 Bloomberg [TOKYO] Urban Corp, the real estate developer that became Japan's biggest bankruptcy this year, will sell off two of its businesses and liquidate after failing to attract final bids from investors. Urban will sell its residential business to its main creditor Hiroshima Bank
      – Bloomberg  -  271 words
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      106 28 ZAP HERE for the latest property updates! To Zap*: 1. Install the ColorCam™ software in your mobile phone by a. typing the word "Zap" sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the ColorCam™ software (located either in "Games" or "Applications" folder in your
      106 words