The Business Times, 24 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 S$1.00 online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNO*****2868E MICA (P) 197/08/2008 Wednesday, December 24,2008
    20 words
  • Article, Illustration
    Lock icon El-Ad looks to offload South Beach, Futura stakes: sources
    776 1  -  KALPANA RASHIWALA Market watchers say group's problems in US property market may be at play [SINGAPORE] The high-pro-file South Beach development could see a new shareholder emerging if US-based El-Ad Properties, owned by Israeli billionaire Yitzhak Tshuva, manages to find a
    FILE PHOTO  -  776 words
  • Article, Illustration
    Lock icon Crunch time looms for industrial property
    790 1  -  EMILYN YAP Rents, capital values could see double-digit percentage falls, but correction may not be a bad thing [SINGAPORE] The industrial property sector, which had grown at a steady pace for most of 2008, is unlikely to escape from the economic downturn that has
    DTZ  -  790 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      62 1 TRANSPORT HUB I SINGAPORE ACCOUNTING I ART OF WAR I From newbuilds ECONOMY Jk fl FIRMS Zap for Sun Tzu's strategies! B§on to repair jobs CPI down 0.2% M Surviving the Win an Epson wireless page 14 in Nov page 8 M crisis page 2 projector! page 7 I I
      62 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Accounting firms hunker down to survival mode
      1130 2  -  ANNATEO Segments like corporate recovery opening up even as audit demand cools By [SINGAPORE] Fairly resilient in the downturn so far, accounting firms are moving from growth to survival mode in the face of pressure on fees, among other challenges, But even as
      lAB; i:IAB  -  1,130 words
    • Article
      Lock icon Singapore – the little big spender in R&D
      503 2 Singapore the little big spender in R&D At 2.6% of GDP in 2007, it puts nation ahead of Germany By ONG BOON KIAT [SINGAPORE] The Republic's research and development (R&D) intensity has grown to match that of powerhouse economies such as the US and Germany. According to a study released
      503 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Crunch time looms for industrial property
        69 2 THE industrial property sector, which has grown at a steady pace for most of 2008, is unlikely to escape from the economic downturn that has hit its residential and office counterparts. Some property consultants believe that industrial rents and capital values could register double-digit
        69 words
      • Article
        Lock icon El-Ad looks to offload South Beach, Futura stakes: sources
        95 2 THE high-profile South Beach development could see a new shareholder emerging if US-based El-Ad Properties, owned by Israeli billionaire Yitzhak Tshuva, manages to find a buyer for its stake. El-Ad Properties is said to be looking for buyers for its one-third
        95 words
      • Article
        Lock icon Accounting firms hunker down to survival mode
        63 2 FAIRLY resilient in the downturn so far, accounting firms are moving from growth to survival mode in the face of pressure on fees, among other challenges. But even as audit demand cools with the declining economy, other albeit much smaller business segments such
        63 words
      • Article
        Lock icon DBS takes another hit as analysts lower targets
        112 2 DBS Group shares shed a further 33 cents or 3.5 per cent yesterday to close at $9.04, as plans for a $4 billion rights issue prompted several research houses to cut their target price for the stock. The slide happened even though
        112 words
      • Article
        Lock icon SIA Cargo to defend against Aussie cartel charges
        63 2 SINGAPORE Airlines Cargo plans to defend against allegations made by the Australian Competition and Consumer Commission that it is part of a price fixing cartel. "SIA Cargo is committed to competing successfully and fairly, within the requirements of the relevant competition law
        63 words
      • Article
        Lock icon Consumer prices down 0.2% in November
        67 2 THE consumer price index is on the decline, falling 0.2 per cent in November compared with the previous month, the Department of Statistics said yesterday. And while the CPI rose 5.5 per cent year-on-year, HSBC economist Prakriti Sofat noted that it was the lowest
        67 words
      • Article
        Lock icon US govt sells record US$38b two-year notes
        64 2 THE US government sold a record US$38 billion of two-year notes on Monday for a historic low yield below one per cent, showing that investors' safe-haven scramble for Treasuries continues unabated, analysts said. The adequate demand to cover the auction showed little sign
        64 words
      • Article
        Lock icon Wynn opens US$2.3b casino despite crisis
        83 2 WYNN Resorts CEO Steve Wynn says his swanky US$2.3 billion Las Vagas Encore casino which he opened on Monday amid a market that is battering casino, travel and other consumer companies is about perfecting the basics. Even if visitors think the Encore delivers on
        83 words
    • Article, Illustration
      Lock icon Roots of Madoff scam reach back to the 1970s
      558 3 Bloomberg Combing through the biggest Ponzi scheme in history, the SEC has its work cut out The SEC, combing through records from Bernard L Madoff Investment Securities LLC in New York, has not made a complete assessment of the earlier misconduct
      Bloomberg; REUTERS, AFP  -  558 words
    • Article
      Lock icon Economy shrinks 0.5% in Q3 as recession bites
      519 3 Reuters, Bloomberg LATEST US DATA [WASHINGTON] The US economy shrank in the third quarter at a 0.5 per cent annual pace as the now year-old recession began to intensify. The contraction in gross domestic product (GDP) from July through September, which matched
      Reuters, Bloomberg  -  519 words
    • Article
      Lock icon US commercial real estate asking for govt help too
      750 3 LAT-WP Hotels, offices and malls' record debts are due soon [WASHINGTON] Some of the biggest US commercial real estate players are asking the government for help, as their US$6 trillion industry of hotels, office buildings and shopping malls faces a record
      LAT-WP  -  750 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        45 3 uesi lay lange 1 COMP 871.16 -2.27 IIKKEI225 Closed JANG SENG 14,220.79 -401.60 ;et INDEX 440.40 +6.32 JAKARTA COMP 1,343.72 -1.59 1ANILA COMP 1,862.19 +21.25 iEOULCOMP 1,144.31 -35.30 ;henzhenb 274.91 -11.11 IUMBAI IND 9,686.75 -241.60 11AM EST Chant )0W 8,549.48 +29.71 IASDAQ 1,540.65 +8.30
        45 words
      • Article
        Lock icon PRIME RATES
        29 3 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONG KONG 5.00 INDONESIA 16.562 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 2.00 US 3.25 CANADA 3.50 SWITZERLAND 2.02 INDIA 13.00 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        45 3 IS$ (S$ per US$) 1.447 (US$/S$ per 1.482 2.143 :uro (USS/SS/E) 1.400 2.025 Foreign currency per US$ S$ 'EN 90.30 62.40 3.466 2.396 IK$ 7.750 5.358 !AHT 34.61 23.92 lUPIAH 11,000 7,604 1ENMINBI 6.852 4.737 INDIAN RUPEE 48.73 33.68 1.464 1.012 IZ$ 1.744 1.206
        45 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      2063 2 w j MATS JL^IV»,</ JL JL^^ l3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES,
      2,063 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      9 3 z ____r "w _m A in o o 5
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      Lock icon Page 3 Advertisements Column 2
      86 3 fS^iilllHiiiiiiillllllllllK&iliillB??? <^^^^^^^^h^^K'-'Tv^illHlikillllK. >/<-I_IIIIIH E??,S^i morel www.morelhifi.coni ■liiivd-vijiil MS. B^Tpß 'ffWPK CTD» l____M-k __fc II A I"™'™" O I HJ -o- -o-^ iMilljj #YAMAHA K_____p_a PanasS^c g ETEIT J"Si Latest 1080p Full HD Projectors/New arrival Sound System Digital Home Theater AY Receivers at special price! Premium Home Theater Systems A wide
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  • FOCUS: HSBC
    • Article, Illustration
      Lock icon Point and counterpoint
      1482 4 -NYT THROUGH more than a year of giant bailouts and bankruptcies, HSBC was one of the few big banks to emerge with its reputation largely intact. HSBC, the global financial giant, did bet on sub-prime mortgages and lost. But it nonetheless managed to maintain a robust market
      -NYT; REUTERS; REUTERS/AFP  -  1,482 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      257 5 m m mm mmm mmmmMLMLWLmm mmm mm Bubble, Bubble, Swirl Revel c°cZ%Z£Z Commemorate New Year's Eve with a myriad of dining options to select from. Global Kitchen With choices like decadent Champagne dinner and exquisite kaiseki to alfresco barbecue and fine Cantonese, Unlimited Champagne Brunch Bi_Dinner there promises to be
      257 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon DBS takes another hit as analysts lower targets
      469 5  -  EMILYN YAP Shares fall despite S&P keeping stable outlook rating after news of rights issue DBS Group shares shed a further 33 cents or 3.5 per cent yesterday to close at $9.04, as plans for a $4 billion rights issue prompted several
      REUTERS  -  469 words
    • Article
      Lock icon China Paper to double unit's production capacity
      242 5  -  JAMIE LEE CHINA Paper Holdings is spending 80 million yuan (5516.9 million) to double a wholly owned subsidiary's production capacity in paper chemical products. The move entails the unit, Linyi Zhenyuan Paper, building more facilities at its existing paper chemical production plant in
      242 words
    • Article
      Lock icon Parkway doing a Ritz-Carlton in hospital world?
      675 5  -  CHEN HUIFEN PARKWAY Holdings' announcement to manage a new hospital in Abu Dhabi may come across as unexciting to some. After all, it is only natural for a seasoned health care operator to export its expertise. It is already doing so in other
      675 words
    • Article, Illustration
      Lock icon SIA Cargo to defend against Aussie cartel claim
      398 7  -  NISHA RAMCHANDANI Australian antitrust body accuses it of taking part in price fixing SINGAPORE Airlines (SIA) Cargo plans to defend itself against allegations made by the Australian Competition and Consumer Commission (ACCC) that it is part of a price fixing cartel. "SIA
      FILE PHOTO  -  398 words
    • Article
      Lock icon Yongnam eyes infrastructure projects in Abu Dhabi
      353 7 Reuters SINGAPORE construction firm Yongnam Holdings yesterday said that it is in talks with the Abu Dhabi government for new infrastructure projects as it aims to expand its business in the Middle East. The firm is looking at winning new contracts from $1
      Reuters  -  353 words
    • COMPANY BRIEFS
      • Article
        Lock icon Parkway Trust CEO quits
        56 7 JUSTINE Victoria Wingrove has resigned as chief executive officer and director of Parkway Trust Management Ltd (PTML), which manages Parkway Life Real Estate Investment Trust (PLife Reit). Her "voluntary resignation for personal reasons" took effect yesterday. PTML's chief financial officer Yong Yean Chau will now assume
        56 words
      • Article
        Lock icon China Great Land sees significant loss
        79 7 CHINA Great Land Holdings has warned of a significant loss for FY2OOB. One factor is the slowdown in the Hainan construction market in the second half. Another is the "persistently" high costs of production caused by high raw material prices, rising direct labour costs
        79 words
      • Article
        Lock icon Sun East collects HK$7.4m overdue debt
        69 7 SUN East Group said it has collected about HK$7.4 million (Ssl.4 million) or 8.7 per cent of a total debt of HK$B4.B million that was overdue from five of its major customers. In an announcement yesterday, it also said that it was negotiating a
        69 words
    • Article
      Lock icon Midas to invest 168m yuan on new facilities
      384 7  -  CHEWXIANG It will buy 240,000 sq m of land in Jilin, plus cranes, buildings and power cables MIDAS Holdings, which makes aluminium alloy products, is spending 168 million yuan (5535.7 million) to expand its production facilities in China. The company is buying
      384 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon A first glimpse into the new year ahead
      660 6  -  LARRY WEE CURRENCIES US$ could fall further in HlO9, but so could its Asian counterparts CURRENCY trading turned really wild and woolly last week as market players started to wind down activity especially after the US central bank unexpectedly shaved its short-term
      660 words
    • Article
      Lock icon Financial market recap
      225 6 me weeks changes YEAR TO DATE DEC 23'08 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 90.15 -0.14 112.05 87.11* SGD 1.4500 -1.79 1.5346 1.3457 IDR ***** -0.90 ***** 9035 THB 34.65 -0.37 35.83 31.00 CNY 6.8510 0.07 7.2085 6.8099 MYR 3.4710 -2.49 3.6410 3.1310 CURRENCY vsUSS
      225 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      91 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 0 10 4 0 0 0 0 10 4 Manufacturing 22 66 43 10 23 74 53 Commerce 10 24 15 10 25 18 )t/Stor/Comms 21 21 Finance 11 18 11 18 Construction
      91 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 6 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 8,038 8,038 21,290 21,290 Manufacturing 205,369 7,528 212,897 94,463 429 94,892 Commerce 33,126 8,972 42,098 37,909 1,482 39,391 Tpt/Stor/Comms 43,124 88 43,212 66,406 18 66,424 Finance 25,207 25 25,232 180,920 180,921 Construction 5,604 2,400 8,004
      116 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Cham CapitaLand 2.900 +0.020 CapitaMall 1.600 +0.020 CityDev 6.330 -0.230 Cosco Corp 0.935 -0.040 DBSGrp 9.040 -0.330 F&N 2.870 -0.020 Gentlntl 0.420 -0.025 Golden Agri 0.225 -0.005 HK Land 2.590 +0.030 JMH 18.500 +0.020 JSH 9.880 +0.010 JardineC&C 9.900 -0.540 Keppel Corp 4.250
      113 words
    • Article
      Lock icon BROKERS' TAKE
      869 6  -  JAMIE LEE DBS Group Dec 23 close: $9.04 CIMB-GK SECURITIES, Dec 23 DBS is undertaking a l-for-2 rights issue at $5.42. CEO Richard Stanley took great pains to highlight that this capital-raising was not to replenish capital, not to prepare for kitchen-sinking of provisions in 2009 and not
      869 words
    • Article, Illustration
      Lock icon STI extends losses, led by DBS
      515 6  -  CONRAD TAN STOCKS STOCKS on the Singapore market fell yesterday, extending losses into a third day, as worries remained over the broad economic outlook for the year ahead. The Straits Times Index (STI) finished 21.09 points or 1.2 per cent down at 1,724.54, just
      515 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      58 6 CLOSE BT OB/OS 65.00-357.00 BT CADI -*****.00-159.00 BT 10-day MA -*****.00 +7.00 FTSE ST Mid Cap 351.87 -8.50 FTSE ST Small Cap 290.35 -5.79 FTSE ST All Share 414.06 -6.07 FTSE ST China Top 182.68 -5.28 FTSE ST China 183.82 -4.75 UOB Catalist 74.68 -0.90 SiMSCI 208.59
      58 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      62 6 VOLUME China Honqxinq 48,416,000 Golden Agri 32,978,000 KXD Digital 19,810,000 Sinotel Tech 19,264,000 Midas 19,092,000 Straits Asia 14,468,000 Gent Intl 13,572,000 Cosco Corp 11,964,000 Noble Grp 11,703,000 Sing Tel 10,900,000 VALUE(S) DBS Grp 84,568,900 UOB 41,258,420 Capita Land 31,608,370 Sing Tel 27,843,940 OCBC Bk 27,550,250 Wilmar 21,960,690
      62 words
    • Article
      Lock icon RISES
      108 6 DBS Bk6% NCPS 10 CLOSE UP 9500 60.0 0.6 UOB 5.05%NCPS 100 9010 20.0 0.2 OCBC Bk4.5%NCPS 100 8110 10.0 0.1 UOB DB ePW*****8 67.5 8.0 13.4 STI 2250 DBePW*****2 104 7.0 7.2 UOB 1240 6.0 0.5 Creative Tech 417 5.0 1.2 HKLand 259 4.3 1.2 SGX BNP ePW*****6
      108 words
    • Article
      Lock icon FALLS
      126 6 China H 10US$ CLOSE DOWN 1003 -96.9 -6.3 MS India 10US$ 757 -76.6 -6.5 India Ni 10 884 -64.0 -6.8 Jardine C&C 990 -54.0 -5.2 S I A 1130 -46.0 -3.9 SIA 200 1130 -42.0 -3.6 IS MSCI India 100 342 -39.0 -7.3 STXPO 100 1006 -34.0 -3.3 DBS
      126 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      86 6 Dec 23 %CHNG CLOSE FR Dec 22 YR2008 S$ LOW S$ HIGH USS 1.4500 -0.20 1.5346 1.3457 Euro 2.0252 0.66 2.2064 1.8640 Pounds 2.1518 -0.03 2.8431 2.1348 AS 0.9898 0.34 1.3251 0.9068 Yen* 1.6084 0.27 1.6899 1.2619 Rupiah* 0.***** -0.20 0.***** 0.***** Baht* 4.1847 0.09 4.4299
      86 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      158 7 I*^ EPSON EXCEED YOUR VISION for daily Sun Tzu's I Art of War quotes Brought to you by EPSON Find out how Sun Tzu's strategic principles can be applied in modern day business and human relationship. Sun Tzu's Art of War reveals secrets for success. Win a wireless projector worth
      158 words
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      Lock icon Page 7 Advertisements Column 2
      188 7 JEWELLERY AUCTION Over 5 Million Dollar Jewellery Inventory MUST BE LIQUIDATED? This property shall be offered at this one day auction. Items obtained from govt, auctions plus the addition of goods which constitute the majority. OVER 500 LOTS i.,-; i„:,.r.-. m m >-■- _A A __»l____: P **i*M VBb3a\\ ft*
      188 words
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      Lock icon Page 7 Advertisements Column 3
      1190 7 fßichLanct vr RICHLAND GROUP LIMITED (Incorporated in the Republic of Singapore] [Company Registration No. *****1668R) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Richland Group Limited (the "Company) will be held at 11 Bedok North Aye 4 Richland Business Centre #05-01 Singapore *****9, on 22
      1,190 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Slower gains in consumer prices expected in 2009
      546 8  -  ARTHUR SIM CPI falls 0.2% in Nov; disinflationary effects of recession could be kicking in THE consumer price index (CPI) is on the decline, falling 0.2 per cent in November compared with the previous month. And while the CPI rose 5.5 per
      FILE PHOTO  -  546 words
    • Article
      Lock icon GIC RE in US$1.3b purchase of property fund stakes
      204 8 GIC Real Estate (GIC RE) has bought all of US-based ProLogis's property fund interests in Japan and China for US$l.3 billion. ProLogis, said to be the world's largest owner, manager and developer of distribution facilities, has a China Properties Fund and
      204 words
    • Article, Illustration
      Lock icon Anxiety up high, then relief
      221 8 -AFP A POWER disruption left more than 100 passengers stranded above ground at the Singapore Flyer for about six hours yesterday, forcing some to abseil down to safety. A few lowered themselves in a sling-like device on a rope from one of the observation capsules
      -AFP; YEN MENG JUN  -  221 words
    • Article
      Lock icon HR outsourcing picking up pace in Asia-Pac region
      470 8  -  CHUANG PECK MING A SIZABLE 40 per cent of bosses polled in the AsiaPacific region, including Singapore, feel that their staff do not have what it takes to advance their businesses in the next one to three years. And most of these
      470 words
    • Article
      Lock icon HDB invites tenders for Sengkang market
      243 8  -  KEITH CHEE THE Housing and Development Board (HDB) began inviting tenders yesterday for a land parcel in Sengkang New Town for the building and managing of a market and food centre. The land parcel has a site area of 6,000 square metres and a
      243 words
    • Article
      Lock icon Sailing academy gets $20,000 donation
      247 8 ERICSSON Singapore was first off the mark with the corporate events taking place around the Volvo Ocean Race, yesterday jointly donating with Sony Ericsson $20,000 to the Singapore Sports School Sailing Academy. The money will go towards the purchase of sailing equipment and gear for
      247 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      1157 8 A SATS SP CHEMICALS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****5499R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of SP Chemicals Ltd. {the "Company") will be held at Carlton Hotel Singapore, Empress 2 Ballroom (Level 2), 76 Bras Basah
      1,157 words
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      21 8 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • ECONOMY WATCH
    • Article
      Lock icon US govt sells record USs3Bb 2-year notes
      701 9 Reuters Historic low yield below 1% reflects unrelenting flight into govt securities [NEW YORK] The US government sold a record US$3B billion of two-year notes on Monday for a historic low yield below one per cent, showing that investors' safe-haven scramble for Treasuries
      Reuters  -  701 words
    • Article, Illustration
      Lock icon China's arrival as major player in global trade raises new issues
      829 9  -  PHILIP BOWRING IHT [HONG KONG] China, almost as much as the US, may hold the key to whether the global recession leads to a vicious cycle of protectionism and contracting trade. The world is unlikely to experience anything approximating
      IHT; AP  -  829 words
    • Article
      Lock icon UK economy shrank by an unexpected 0.6% in Q3
      239 9 -AFP [LONDON] Britain's economy, hammered by the global financial crisis, shrank more sharply than previously thought in the third quarter, official data showed Tuesday which placed it closer to a recession. The economy contracted by 0.6 per cent in the three
      -AFP  -  239 words
    • Article, Illustration
      Lock icon World confidence slips as slump deepens
      640 9 Bloomberg [LONDON] Confidence in the world economy fell in December as a recession spread beyond the US and growth weakened in China and Latin America, a survey of Bloomberg users on six continents showed. The Bloomberg Professional Global Confidence Index slipped to 6.1 from
      – Bloomberg; : Bloomberg  -  640 words
  • Page 9 Advertisements
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      108 9 ___L Bk/^^ y/'^___________BVPlll!!^_____i r -Lj-BW ffljlFVn^B Get your iQW'ill^l^Yf'illttir COPy from any Uijjil HHHI^ Spinelli outlet at BBSS $5.50 and get a M_ __^_^_J HSSi SS*. complimentary Hi ■ij-i^. Spin or Latte! H I I W\ DON'T MISS OUT! The December issue's hot off the press! IN THIS ISSUE What
      108 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Opposition makes inroads but Umno is digging in
      902 10  -  /S JAYASANKARAN YEAR IN MALAYSIAN POLITICS Minorities' grouses, Anwar's message may push Malays to unite behind Umno THE ruling National Front coalition faces a crucial electoral test next month in Malaysia's north-eastern state of Terengganu where the dominant United Malays National Organisation,
      REUTERS  -  902 words
    • Article
      Lock icon Dearth of liquor sobers up festive season
      612 10 -AFP [JAKARTA] Drinkers in Indonesia are facing the daunting possibility of a dry festive season, with hotels, restaurants, bars and clubs across the Muslim-majority nation hit by an extreme shortage of alcohol. Many top brands have disappeared from shelves while prices for lesser
      -AFP  -  612 words
    • Article
      Lock icon 40,000 jobs shed by year-end: Jakarta
      185 10 -AP [JAKARTA] Companies in Indonesia will have shed 40,000 jobs by the end of 2008 as a result of the global financial crisis, a government minister said yesterday. Employment Minister Erman Suparno projected that 23,000 workers will be let go in December, while 17,000
      -AP  -  185 words
    • Article
      Lock icon M'sia expects 4,700 job cuts over next 3 months
      277 10 -AFP I [KUALA LUMPUR] More than 4,700 Malaysians will lose their jobs in the next three months as the electronics sector is hit by the global economic downturn, the country's human resources minister has warned. S Subramaniam told state news agency
      -AFP I  -  277 words
    • Article
      Lock icon Sime would be happy with CPO at RM 1,800
      227 10 Reuters [KUALA LUMPUR] Malaysia's largest palm oil producer Sime Darby expects the price of crude palm oil (CPO) to stay between RMI.BOO and RM2.000 (*****-830) a tonne next year, the Edge business weekly reported. "I'm happy with RMI.BOO, provided fertiliser prices
      Reuters  -  227 words
    • Article
      Lock icon Indonesia expects oil output to fall 1.8%
      307 10 Reuters [JAKARTA] Indonesia expects production of crude oil and condensate to fall by 1.8 per cent in 2009 from this year, hit by a drop in output by the country's top oil producer Chevron Corp, the energy watchdog said yesterday. Indonesia expects to
      – Reuters  -  307 words
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      12 10 TODAY'S 0-Ei!br MUSIC I..* I I I ONLY ON IODIVI BEST HUM
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      54 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China may spur consumer spending
      934 11 Bloomberg Move could follow central bank move to cut lending and deposit rates [BEIJING] China may follow its latest interest-rate cut with steps to spur consumer spending as deepening recessions in the US and Europe pummel exports, one of the main engines of the world's
      Bloomberg  -  934 words
    • Article
      Lock icon AIG to list AIA in HK after revamp: report
      229 11 Reuters [HONG KONG] American International Group Inc will list its major Asian unit, AIA, in Hong Kong after selling up to 49 per cent of the company as part of a group restructuring, a Hong Kong newspaper reported yesterday. The US
      Reuters  -  229 words
    • Article, Illustration
      Lock icon India has scope for monetary easing, say officials
      342 11 Reuters [NEW DELHI] India has considerable scope for monetary easing over the next six to 12 months and aggressive central bank policy may be necessary if the global economic turmoil continues, the finance ministry said yesterday. In its mid-year review, the ministry
      Reuters; I AP  -  342 words
    • Article
      Lock icon India's insurance bill before parliament
      419 11 Reuters But the schedule before next year's elections is tight [NEW DELHI] India's government introduced in parliament its much-awaited insurance reform bill on Monday, but analysts said that getting it into law before general elections early next year would pose a challenge. India has 21
      – Reuters  -  419 words
    • Article
      Lock icon China mulls law to crack down on pyramid schemes
      322 11 -AP [SHANGHAI] Chinese lawmakers are considering a proposal to ban pyramid schemes and illegal banking services, aiming to tighten enforcement of regulations that have failed to prevent such practices. So far, there have been no reports that mainland Chinese investors were
      -AP  -  322 words
    • Article
      Lock icon US trade panel okays import duties on China steel pipes
      422 11 Reuters [WASHINGTON] A US trade panel gave final approval on Monday to import duties on circular welded steel pipe from China in a case already being challenged by Beijing at the World Trade Organization. The US International Trade Commission (ITC)
      Reuters  -  422 words
  • Page 11 Advertisements
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      569 11 W^___f BEAKS g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EXACHEM SCM PTE. LTD. (Registration No. *****7116Z) (In Member's Voluntary Liquidation] NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section
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  • WORLD
    • Article, Illustration
      Lock icon GM stock dives on downgrade
      520 12 Bloomberg Stockholders may be wiped out by bailout restructuring, says Credit Suisse analyst [NEW YORK] General Motors fell almost 22 per cent on Monday after a Credit Suisse Group analyst said stockholders may be "wiped out" by the restructuring needed to win a US bailout
      Bloomberg  -  520 words
    • Article, Illustration
      Lock icon Coal industry blocking green moves
      488 12 Bloomberg [NEW YORK] The coal industry is not spending enough to study ways to reduce coal's impact on climate, while utilities and coal companies lobby to prevent mandates that would force them to cut emissions, according to a report by a Democratic policy group. The
      Bloomberg; REUTERS  -  488 words
    • Article
      Lock icon Obama's green dream team seen pulling off policy reforms
      632 12 Reuters [WASHINGTON] Presi-dent-elect Barack Obama's new "green dream team" is committed to battling climate change and ready to push for big policy reforms, in stark contrast with the Bush administration, environmental advocates said on Monday. "If this team can't advance strong
      – Reuters  -  632 words
    • Article
      Lock icon Insider trading case may shake up how PR industry operates
      665 12 Reuters [NEW YORK] Wall Street's top public relations firms have long supplied grist to a mill hungry for tips about financial deals, but revelations in an insider trading case could lead to that stream of information slowing down. US authorities
      Reuters  -  665 words
    • Article, Illustration
      Lock icon WALKING IN A WINTER WONDERLAND
      73 13 -AP [SEATTLE] A trio of ducks making their way across the frozen waters on the south side of Green Lake here on Monday. Thousands of travellers were stranded by snow on Monday across the Pacific Northwest, but help in Western Washington should arrive in the
      -AP; AP  -  73 words
    • Article, Illustration
      Lock icon Wynn opens US$2.3b casino despite crisis
      770 13 Reuters, AP However, prices will have to be kept low for people to book its 2,034 suites [LAS VEGAS] Wynn Resorts CEO Steve Wynn says his swanky US$2.3 billion Encore casino which he opened on Monday amid a market that is battering casino, travel
      – Reuters, AP; REUTERS  -  770 words
    • Article
      Lock icon Firms scramble to buy back debts as prices plunge
      559 13 Reuters NEWS ANALYSIS Move saves them a bundle, shores up credit standing, limits amount of negative ratings [NEW YORK] Plunging corporate debt values have radically increased the cost for companies to sell new debt. For some, it has also provided the
      Reuters  -  559 words
    • Article
      Lock icon AIG sells HSB subsidiary for US$742m
      492 13 Reuters, Bloomberg Deal with Munich Re is expected to close by Q1 2009 [FRANKFURT] German reinsurer Munich Re will buy American International Group's HSB Group for US$742 million to expand its US business, the companies said on Monday. For AIG, once the world's largest
      Reuters, Bloomberg  -  492 words
    • Article
      Lock icon Management buyout of Lehman unit gets go-ahead
      468 13 Bloomberg [NEW YORK] Lehman Brothers Holdings has won court approval to sell its in-vestment-management division to executives of the Neuberger Berman arm and plans to distribute the stock to creditors. The deal, approved on Monday by US Bankruptcy Judge James Peck in New
      Bloomberg  -  468 words
  • Page 12 Advertisements
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      75 12 tahlat THE HEARTBEAT OF THE INDIAN COMMUNITY __E€Vc_______ir ,~s\-\\^ ________i a m^mW r mWSmWtr vH£ 1 mW'^mW mmw- w wmWEXM _fdk Mmp nur ™w n S&-^ .4Pk .R^ v _i Vn mJliffll B- W Pick up your FREE copy at all 7-Eleven outlets, Mustafa, Saravanaa Bhavan, White Water Cafe, Singapore
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      Lock icon Page 12 Advertisements Column 2
      120 12 Bid price starts from $850 Bidding ends 11.59pm, 28 Dec 2008 Hurry, only 3 models up for grabs! _-.il lf<yJrT^ 7' DUOREST Ergonomic Chair t_^^^^_ (Alpha Mesh Collection) ;^^^W^^^^^| W^^^ Retail price: T $1,699 Choice of green, blue or brown colour each depending on availability 100% original German technology Multi-adjustable
      120 words
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  • TransportHUB
    • Article, Illustration
      Lock icon Focus shifts away from newbuilds
      605 14 The margins on repair jobs are good, reports VINCENT WEE THE focus of the offshore and marine industry seems to be turning towards the service and support side of the business now that the credit crunch's effect on newbuildings is finally taking its toll. The
      FILE PHOTO  -  605 words
    • Article
      Lock icon The untapped economic potential of Africa
      887 14  -  DAVID HUGHES STRAIT TALK It's time for companies to scour this vast continent for business opportunities SEEING pictures of the Chinese crew of the cargo Zhenhua 4 successfully fighting off pirates, who were armed with automatic weapons and RPGs, with empty beer bottle aroused
      887 words
    • Article
      Lock icon Where is Asia's ship finance market heading?
      1339 14  -  PAUL CHANG REACHING year end, one is tempted to look back as well as forward. The global financial crisis is taking its toll on the world economy, impacting heavily on shipping. How will financing patterns in shipping change in response to the crisis?
      1,339 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      106 14 WANTED SPEED BOAT Length 14 to 17m Seating for 6 security persons, Master and Chief of Security. Speed 30k Cruising/35k max Inboard engines with waterjet or propeller Vessel under M.S act IRS class Hull- ms or alum or frp Master/ Engineer/1 deck hand GPS, radar, mag compass, VHF, walkie talkie,
      106 words
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      Lock icon Page 14 Advertisements Column 2
      88 14 R^_M_l M Transport Manager fd^^SP^^C\ B^^Bfll J Logistics Business PPcvjaf Integrated operational, tracking and r\% \V^ -.R^hl I^^H Mm—mM- billing components I S_« -j i^_ll---R^J--i---L Discrepancy management \y*&^& Kjifli H£tfl| Web-based 24 x 7 Please contact us: B^^^^^^ Creative TM te i V^HVH A Transport Intelligence on the Move +65
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  • TRANSPORT HUB: SHIPPING
    • Article, Illustration
      Lock icon Order restored in Baltic indices' values, sectors
      661 15 Reuters This was mainly due to fall in supramax rates and rise in the panamax TC average [LONDON] An important point in the Baltic indices was reached on Monday as order was restored in the comparative values of the different sectors. For the
      – Reuters; AP  -  661 words
    • Article
      Lock icon China may build aircraft carrier to protect territory
      269 15 Reuters [BEIJING] China, which is sending warships to Somali waters to fend off pirates, said yesterday it was considering building an aircraft carrier to protect its interests and territory. China has prompted concern over its rising military spending in the United States
      Reuters  -  269 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 15 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.25 0.19 0.94 0.31 0.66 0.45
        107 words
      • Article
        Lock icon KLSE
        37 15 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid PDZ Holdings unch 8.40 8.45 2.34 unch 0.05 0.08 unch -0.25 0.05 -0.02 unch 0.01 unch 0 86 353 443 0 91 130
        37 words
      • Article
        Lock icon BANGKOK
        7 15 '00 'recious Ship .11.10 0.30 127:
        7 words
      • Article
        Lock icon HONGKONG
        11 15 '000 Doil iingamas Cont 16.60 0.53 -1.40 -0.05 1671 4222
        11 words
      • Article
        Lock icon PHILIPPINES
        21 15 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.60 13.00 unch 0.90 -0.40 unch unch unch 1001 25! 301
        21 words
      • Article
        Lock icon TAIPEI
        20 15 Evergreen Marine ...14.65 :irst Steamship 29.50 /Van Hai Lines 14.10 t'ang Ming Marine...10.05 -0.90 -1.40 -0.40 -0.45 1. 1
        20 words
      • Article
        Lock icon TOKYO
        38 15 '000 :awasaki Hvy Ind ..184.00 :awasaki Kisen 391.00 /litsubishi Hvy 389.00 /litsui Eng&Sbldg...144.00 /litsui Osk Lines 548.00 Jippon Express 373.00 Jippon Yusen 529.00 -1.00 570! 12.00 456: 12.00 1878: 3.00 468: unch 1746! 5.00 327: 11.00 600(
        38 words
    • Article
      Lock icon Dry Ships may cancel pact to buy nine ships: Lloyd's List
      181 15 Bloomberg [NEW YORK] Dry Ships Inc will probably cancel a US$l.l7 billion agreement to buy nine Capesize-class ships to save money, Lloyd's List reported, citing an interview with chief executive officer George Economou. Mr Economou said companies should not
      ■ Bloomberg  -  181 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      55 15 [PBl SCHENKER _-___X Ammm^mmmm*-^ ■CflC Ifife. m\w Outsource services reel in the benefits. Thanks to our all-encompassing transport chains, customers can outsource logistics services to stay one step ahead of the global competition. Whatever the task supplying, picking, packing or assembly DB Schenker has the ideal integrated logistics solution. Put
      55 words
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  • TRANSPORT HUB: AVIATION
    • Article, Illustration
      Lock icon Cathay Pacific shares set for largest annual drop in 18 years
      471 16 Bloomberg The stock falls 2.2% to HKSB.3O in mid-day trading, extending losses for the year to 59% [SHANGHAI] Cathay Pacific Airways Ltd, Hong Kong's largest carrier, is set for its biggest annual decline in at least 18 years on
      Bloomberg; BLOOMBERG  -  471 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2630 16 AIRLINE CODES: AA Amencao Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British t Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU),
      2,630 words
    • Article
      Lock icon Jetstar Asia denies AirAsia merger talks: report
      368 16 Bloomberg [KUALA LUMPUR] Jetstar Asia Airways Pte, the Singa-pore-based budget carrier backed by Qantas Airways Ltd, denied a Star report saying it was in talks with Air Asia Bhd on a possible combination. The Malaysian tabloid said, citing an unidentified source, that if
      ■ Bloomberg  -  368 words
    • Article
      Lock icon Air Asia to gain most from Labu terminal
      758 16 [KUALA LUMPUR] Air Asia Bhd is expected to emerge as the main beneficiary from the move to set up and operate a new low-cost carrier terminal (LCCT) in Labu, Negri Sembilan, due to potential savings from lower airport charges, Malaysia's Business Times
      758 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      353 16 CRYPTIC CROSSWORD ACROSS 1 How much profit it makes de- fi |5 3 [4 [5 I|S Wn Hi pends on events of course 9 Climber returned a sharp ob- P^ )—w 10 Herb taking American wine I I I Bl 1 I from Spain (9) H IH Hi I 11
      353 words
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  • TRANSPORT HUB: AVIATION/LAND
    • Article, Illustration
      Lock icon Crisis-hit US states halt road projects
      842 17 -NYT Budget, credit woes, cut in petrol tax revenues, lack of interest in municipal bonds underlie financing problems [LOS ANGELES] With cars whizzing behind him along one of Southern California's most congested and detested freeways, Governor Arnold Schwarzenegger warned on Monday that the state
      -NYT; AFP  -  842 words
    • Article
      Lock icon Non-US carmakers also downshifting
      783 17 -NYT [SAN ANTONIO] Sales are off and production is down, so workers at the Toyota Tundra truck factory here are taking classes: how to handle tools safely, how to get along better with colleagues of varying backgrounds. Some have even cleaned local parks and fed the
      -NYT  -  783 words
    • Article
      Lock icon Toyota vows to stay in F1 but will cut costs
      401 17 AP [NAGOYA] Toyota will scale back costs on Formula One racing, but is vowing not to drop out despite expectations it will record its first yearly operating loss in seven decades. Toyota Motor Corp president Katsuaki Watanabe did not give
      AP  -  401 words
    • Article, Illustration
      Lock icon Continental runway skid under probe
      359 17 -AFP [WASHINGTON] Flight data recorders arrived in Washington on Monday to help investigators pinpoint the cause of the weekend runway skid of a Continental Airlines jet in Denver that sparked passenger panic and dozens of injuries. The data recorders were recovered from the damaged Boeing
      -AFP; AP  -  359 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Non-CPF options in cutting costs
      518 18 WHEN the National Wages Council announced last week that it would reconvene next month to review the wage guidelines issued seven months earlier in May, the move was widely welcomed as proactive and timely, given the sea change in economic prospects since. Unfortunately though, about
      518 words
    • Article, Illustration
      Lock icon Obama will need luck with his energy plan
      1024 18  -  G PANICKER Opec and the US car industry will be watching his inward looking green energy policy BARACK Obama will need a fair bit of luck in his bid to break America's addiction to Middle East oil. The measures he contemplates may
      J REUTERS  -  1,024 words
    • Article, Illustration
      Lock icon Asia's key to end crisis is infrastructure building
      847 18  -  ANTHONY ROWLEY THE BOTTOM LINE COUNTLESS reports have been devoted to chronicling how the "Crash of 2008" came about and its impact upon the global economy but remarkably little has been written about how it is likely to end. It is as
      847 words
    • Article, Illustration
      Lock icon How India avoided a crisis
      1858 19  -  JOE NOCERA NYT Part of the reason is cultural Indians are simply not as comfortable with credit as Americans HAT has taken a number of us I by surprise is the lack of adequate supervision and regulation,' Rana Kapoor was saying the other day. "This
      NYT; AFP  -  1,858 words
    • Article
      Lock icon Greed comes before a fall
      743 19  -  MATTHEW LYNN By HERE should be certain things you can take for granted about wealthy people. They like big yachts. They play golf. And they are usually smart with their finances. After all, if they weren't good at handling money, they wouldn't have managed to
      743 words
    • Letter
      Lock icon Home buyers already subject to financial checks
      198 19  -  Lim Yum Chien LETTER TO THE EDITOR IN the letter, "Risk profiling for home buyers?" (BT, Dec 17), Mr Ec Teck Siew suggested that the government and industry associations consider implementing a "fact finding process" to ensure that potential home buyers buy properties
      198 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8436 20 Week ended: Dec 23 ligh Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 12 3 3148 STelecom 17 3 5834 A-Sonic 110 100 6389 ABFSGBondFTF 30.5 12 5000 ABR Hldgs 19 6 1938 AEI Corp 14 1 1100 AEM 29 7 2101 APOil 101
      8,436 words
    • Article
      Lock icon SGX CATALIST
      1796 21 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
      1,796 words
    • Article
      Lock icon SGX XTRANET
      65 21 52-Wk Tel High Low Code Last Sale Vol ('000) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _Hm ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 385 158
      65 words
    • Article
      Lock icon CLOB INTERNATIONAL
      69 21 52-Wk Tel High Low Code Last Sale Vol Cooo] Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an< Hii 103.2 37 6000 AVJennings 13 4 6134 Over&Gen 31.5 6 6017 StarCruises 283 104 6019 TanChonglnt A47.5 A8 IIS8.5 IIK110 unch 879
      69 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8810 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.391/ AIGIF Spore Bond Fund/A 1.202/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.59/ APS Alpha Fund (USD)!** 0.41/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5725/ APS Komaba Global
      8,810 words
  • Page 20 Advertisements
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      26 20 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB |E| II 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. l^^^^^S
      26 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      380 22 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 22 World Index Preliminary 657.8 -1.2 -41.9 -1.9 -43.3 -1.4 -43.7 EAFE Preliminai 634.3 -0.6 -43.4 -1.6 -45.8 -1.1 -46.2 Euroj Prelim inan 887.1
      380 words
    • Article
      Lock icon PALM OIL
      58 22 Dec 23 lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low Ian 09 1572 :eb09 1570 VlarO9 1568 4.pr 09 1569 FotaI o/p: ***** contracts 1540 1572 1541 1531 1570 1531 1530 1569 1530 1531 1570 1531 Turnover: 8722 lots Market tone: Lower
      58 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 22 Dec 23 ten Jii Sett >TI ilMSCI Dec 212.1 213.0 208.0 'aiwan Dec 170.7 171.7 166.3 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 22 Dec 23 Bid Offer -month 1.4462 1.4483 months 1.4458 1.4480 months 1.4456 1.4478 >-months 1.4447 1.4469 Source: OCBC
      21 words
    • Article
      Lock icon SIBOR
      69 22 Dec 23 mth 0.***** 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 2.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths mths mths 1.***** 1.***** 2.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs 2.***** 7yrs 2.***** 10yrs 2.*****
      69 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      272 22 Dec 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.7850 98.8400 98.8100 98.6800 ***** 3761 3401 2345 EUROYEN TIBOR FUTURES MarO9 JunO9 SepO9 DecO9 Mar10 Jun10 Sep10 Dec10 99.425 99.470 99.515 99.515 99.420 99.360 99.335 99.335 426 202 1 ***** 7226 3024
      272 words
    • Article
      Lock icon SICOM FUTURES
      186 22 Dec 23 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Jan 09 138.0 Feb 09 138.0 Mar 09 Apr 09 May 09 JunO9 136.5 137.5 137.0 138.0 140.0 145.3 145.3 145.3 156 40 40 354 699 630 985 869
      186 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 22 Dec 23 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****V 26.03.09 -Year BY*****V 02.11.09 0.43 0.72 0.35 0.30 3OVERNMENT BONDS 'eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year NX*****T 4.625 I-Year NX*****Z 2.250 '-Year N*****0S 2.875 0-Year NY*****A 4.000 5-Year
      89 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      128 22 As at 9am Dec 23 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9830 1.0150 dollar 1.1840 1.1980 Euro 2.0170 2.0400 NZ dollar 0.8260 0.8450 iterlini ind 2.1410 2.1661 US dollar 1.4440 1.4600 Local dollars to 100 units of foreign currency:
      128 words
    • Article
      Lock icon INTERBANK RATES
      148 22 Dec 23 Ivernight 3/8 -month 13/16 -months 15/16 l-months 1 1/16 Overnight mode: 5/8 IS$ Offer 1/' 9/1 11/K 13/K Bk days month months months j months months >— I (All 1.00 0.80 1.50 1.70 2.00 2.20 2.30 Offer 0.5( 0.3( 1.0( 1.2( 1.5( 1.7( 1.8( Bi< month
      148 words
    • Article
      Lock icon INTERBANK CROSS RATES
      460 22 Dec 23 Rmb Euro HK! Ind Rs Rui Yen Won RM NZ! PakRs Peso Rand Sfr NT! Baht Pound us: wstralia 0.835 4.680 0.488 5.294 33.285 75.136 0.617 9.134 2.367 1.191 53.845 32.363 0.988 6.585 0.746 22.517 23.644 0.461 0.683 Canada 1.197 5.602 0.584 6.336 39.841 89.935
      460 words
    • Article
      Lock icon PRECIOUS METALS
      136 22 Dec 23 /oz) )ec )ec Hong Kong 847.20 843.50 848.20 844.50 .ondon Dec 19 Dec 22 837.65 845.80 839.65 847.80 Source: Thomson Reuters CAST BAR M) Dec 23 Buying Sellini Kilobar "42,133.39" ***** PAMP GOLD BARS (S$) Selling Buying gm igm Ogm !0gm iOgm OOgm oz ozUBS Kinebar™
      136 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 22 Dec 23 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9871 0.9890 0.6828 0.6833 Canadian dollar 1.1817 1.1837 0.8174 0.8178 Euro 2.0234 2.0262 1.3996 1.3999 NZ dollar 0.8281 0.8305 0.5728 0.5738 Sterlini 2.1419 2.1450 1.4816 1.4821 US
      157 words
    • Article
      Lock icon LONDON METALS
      71 22 Dec 22 Co iri iiuiii, yy.i (USS/tonne) Close Previous Cash 1521.50 3 months 1558.00 1480.00 1516.00 Copper, Grade A (US$/tonne) Cash 3 months 2924.00 2960.00 2896.50 2930.00 Lead (US$/tonne) Cash 3 months 904.00 908.00 844.50 851.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash
      71 words
    • Article
      Lock icon LIFFE
      66 22 Dec 22 :OCOA (Btonne) Close Prev Hii ih/Low Mar 09 1765 1774 1784/1761 May 09 1752 1762 1773/1750 JulO9 1755 1762 1762/1753 SepO9 1739 1744 1738/1738 COFFEE (US$/tonne) Close Pev High/Low Jan 09 1795 1801 1805/1748 SUGAR (US tonne) White Close Prev High/Low Mar 09 308.3 May 09 319.3
      66 words
    • Article
      Lock icon CHICAGO BOT
      103 22 Dec 22 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 886.50 868.25 895.00 862.25 Mar 09 890.50 872.50 899.00 866.50 May 09 901.50 883.75 910.00 878.00 Jul 09 912.50 895.00 921.00 891.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Ian 09 30.94 30.60 31.80 30.44
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 22 CRUDE OIL PRODUCTS Dec 22 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 41.94 WTI (Near Mth) 31.09 Dubai (1-Mth F) 41.15 Tapis blend 44.65 Minas 40.15 -1.43 -4.76 -0.45 0.30 0.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 32.85 61.20 0.40 0.70 US$/barrel US! Opec
      78 words
    • Article
      Lock icon BONDS & WARRANTS
      2523 22 BONDS WARRANTS rel Zode Comi Last Sale +orVol Conv Exer ('000) Ratio Price Disc Gear- Mths ing Left 2058 Advance Modules Grp W*****3 2036 Advance SCT Ltd Wl ***** 9092 Asia Environment W0908M 1481 SAsia Water Tech Ltd W1m1;;ii 3816 SAsiasons Capital Ltd WK')«'>«i S756 SAsiaticGrp(H)LtdW10n')iM 1105 SAsiatravelW*****7 >878 Aztech
      2,523 words
  • Page 22 Advertisements
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      162 22 Will Gold Reach I IQfcl (\i\i\ w G ha'D; ves d Gl°balGoldPri7: j^ _^A I 1111 I Global demand and supply mine production and inventory figures m Inventory figures of International Monetary Fund and Central Banks er^ s~-~4&&\ /ixJdll I Strength of the U.S. dollar and key economic indicators Jii
      162 words
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  • Page 23 Advertisements
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      2766 23 m The Business Times Shipping Times ___r^s B!nf^!^!IIJJI--t>.€7?n>!TSS57in>8 Al" WAN HAI INTERNATIONAL PTE LTD crnon69S92oooo/r V M E li:falgMl^M»_»kggrt!BW^ ■■>■ TEL *****588 (14 LINES) FAX: *****163 fl fl"^™^liTS-^^^-B -_-_-_--l --MB IflßiECTai V\M 1 WAN HAI INF\ CuU..,nei Service B..ul<ings Diie.t Une (1800) *****200 A A M» I™_L^.»l" I I iffßii
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      2920 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name
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  • EXECUTIVE MONEY
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      Lock icon Staying in a Brave New World
      1410 27  -  LEE BOON KENG Worries about moral hazard and inflation stemming from rescue and stimulus plans must remain submerged until the tide turns WE HAVE clearly entered a Brave New World of three nos. First, no more monetary and fiscal restrain: The US$BOO billion that
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      851 27  -  PAUL KRUGMAN -NYT By I WHATEVER the new administration does, we're in for months, perhaps even a year, of economic hell. After that, things should get better, as President Obama's stimulus plan OK, I'm told that the politically correct term is now "economic recovery plan" begins to
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      361 27 Bloomberg [NEW YORK] Money market funds run by Fidelity Investments and Federated Investors are looking to buy a new type of bank bond to bolster returns eroded by record-low Treasury yields. The Federal Deposit Insurance Corp's announcement in October that it will guarantee
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      Lock icon The message from the market
      1222 28 MARSHALL KAPLAN and WILLIAM MANN offer some tips in the light of what the market is telling us about earnings HOPING for a sustainable rally following the US presidential election, equity investors have thus far been disappointed, as the same fears and uncertainties that have
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      Lock icon Investors dip their toes back into stocks in Dec
      994 28 Reuters [LONDON] Global investors boosted their equity holdings for the second month running in December and cut bonds, thanks to signs of stabilising stock markets and tumbling government bond yields, Reuters polls showed on Monday. A poll of nine UK-based investment
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  • Page 28 Miscellaneous
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      26 28 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868 E. A member of MCS Circulation Audit. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax 6746-1925.
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