The Business Times, 30 December 2008

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Tuesday, December 30,2008
    23 words
  • 758 1  -  EMILYN YAP Area to be increased by 20%; some parts to see plot ratios raised By [SINGAPORE] The economy may be slowing but the government has already set its sights on riding the recovery. To meet future demand for space, JTC
    758 words
  • MARKETS DIGEST
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONG KONG 5.00 INDONESIA 16.129 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
    • 39 1 I COMP Closed IIKKEI 225 8,747.17 +7.65 IANG SENG 14,328.48 +144.34 ;et INDEX 446.70 +0.08 JAKARTA COMP Closed 1ANILA COMP Closed ;eoulcomp 1,117.59 -0.27 ;henzhenb 268.63 -0.79 IUMBAI IND 9,533.52 +204.60 11AM EST Change )OW 8,427.46 -88.09 IASDAI
      39 words
    • 42 1 IS$ (S$ per US$) 1.441 (US$/S$ per 1.475 2.124 :uro (USS/SS/E) 1.426 2.054 Foreign currency per US$ S$ 'EN 90.40 62.80 3.480 2.416 IK$ 7.750 5.380 !AHT 35.07 24.34 lUPIAH 11.100 7.705 1ENMINBI 6.848 4.754 INDIAN RUPEE 48.75 33.84 1.448 1.005
      42 words
  • 397 1  -  JAMIE LEE By [SINGAPORE] Boxing Day this year wasn't so pleasant for Cortina Holdings after $7.9 million worth of watches were stolen from its Raffles City retail store. The theft, which the company announced yesterday, triggered a profit warning from Cortina, which reported
    397 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 79 1 SURVIVING T |^#D SMEINC PROPERTY ART OF WAR I THE CRISIS :J Jgg*-'/ J A niche in Echoes of 2008 price Zap for Sun Tzu's strategies! B§on J Japanese insurers in KJjjJ^yiP^ M a rare trade plunge in 2009 Win an Epson wireless merger talks page 16 m^k.^^^o IIJJM pageh
      79 words

  • TOP STORIES
    • 574 2  -  ANTHONY ROWLEY They are partly to blame for current financial crisis: FSA By in Tokyo BETTER regulation of cre-dit-rating agencies is at the top of a list of priorities set out in a new report by Japan's Financial Services Agency (FSA) on
      574 words
    • 640 2  -  ARTHUR SIM Prime district property prices fall by 20%; similar decline seen in 2009 By [SINGAPORE] Prices of condominiums and apartments in the prime districts have fallen by more than 20 per cent in 2008 on a year-on-year basis, says
      640 words
    • 678 2 Bloomberg, Reuters China's stockpiling, Libya, UAE output cuts add to pressure [LONDON] Crude oil rose the most in two weeks after Israeli air strikes in the Gaza strip raised concerns that supply from the Middle East, the world's largest producing region, may be disrupted.
      Bloomberg, Reuters; AP  -  678 words
    • 168 2 [SINGAPORE] It is too early to say when the crisis will end, Israel's Ambassador to Singapore, Ilan Ben-Dov, said yesterday. Hamas alone should be blamed for civilian casualties among the Palestinians because it chose to launch rockets from thickly populated areas in the
      168 words
    • THREE-MINUTE DIGEST
      • 87 2 THE economy may be slowing but the government has already set its sights on riding the recovery. To meet future demand for space, JTC Corporation plans to expand the International Business Park in Jurong by 20 per cent and will raise
        87 words
      • 58 2 BOXING Day this year wasn't so pleasant for Cortina Holdings after $7.9 million worth of watches were stolen from its Raffles City retail store The theft, which the company announced yesterday, triggered a profit warning from Cortina, which posted net profit of $9.7
        58 words
      • 58 2 PRICES of condominiums and apartments in the prime districts have fallen by more than 20 per cent in 2008 on a year-on-year basis, says DTZ. DTZ is also forecasting a further decline of 15-20 per cent for this segment of
        58 words
      • 75 2 ASSETS such as golf resorts, sports complexes, airports and zoos are in for a closer look as 44 US states, including Minnesota, New York, Massachusetts and Illinois, cope with budget deficits. Like families pawning the silver to get through a tight
        75 words
      • 75 2 THE last week of the year is bringing in the dregs of new contract announcements from the main shipyards here. And from the look of things, the slowdown in rig orders has well and truly set in. Keppel and SembMarine, which together build
        75 words
      • 58 2 THE Singapore Exchange said yesterday that it plans to offer a new options contract and is seeking public feedback. The contract known as the SGX options on MSCI Singapore index future is based on the MSCI Singapore index futures contract, which follows the
        58 words
      • 72 2 THE government will introduce seed funding schemes to help develop local arts businesses and integrate them into the Arts Housing Scheme as part of the third phase of the Renaissance City Plan. Besides seed funding, the government will also help to grow
        72 words
      • 85 2 LI KA-SHING'S Cheung Kong is among more than 230 Hong Kong businesses that have joined a campaign to oppose a regulatory amendment lengthening a ban on directors' trading of shares in listed companies. The change to the listing rules proposed recently by
        85 words
    • 476 3 -Reuters, AP, AFP Address expected this morning while protesters demand new elections [BANGKOK] Thousands of anti-gov-ernment protesters blockaded Thailand's Parliament yesterday, forcing Prime Minister Abhisit Vejjajiva to delay his maiden policy speech. The new government's plan to bolster a struggling export and
      -Reuters, AP, AFP; AFP  -  476 words
    • 579 3 AP They mull raising cash by selling or leasing assets to close budget deficits [ST PAUL, Minnesota] Minnesota has a huge budget deficit, but the state still owns a premier golf resort, a sprawling amateur sports complex, a big airport, a
      AP  -  579 words
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  • SINGAPORE MARKETS
    • 646 4  -  R SIVANITHY STOCKS Last-minute $1.40 gain in Capita Mall Trust shares helps to lift index by 55 points IT'S usually the banks or SingTel that is used to win-dow-dress the Straits Times Index (STI). But yesterday, a staggering $1.40 or 87 per cent surge in Capita
      : Bloomberg  -  646 words
    • 93 4 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 2 4 0 0 0 6 2 4 lanufacturing 43 41 51 44 48 60 bommeree 20 18 20 23 'pt/Stor/Comms 12 11 13 11 :inance 19 19 Construction 11 13 'roperties 13 13 11
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    • 113 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 6.739 6.739 14.978 14.978 lanufacturing 105.065 4.196 109.261 58.236 176 58.412 lommerce 33.956 4.372 38.328 24.258 700 24.958 "pt/Stor/Comms 34.598 1.520 36.118 57.325 134 57.459 :i nance 18.439 18.439 124.877 124.877 lonstruction 8.732 36.974 45.706 521 374 895 'roperties
      113 words
    • 103 4 lapitaLand 3.070 4-0.050 Noble Grp 1.020 4-0.025 lapitaMal 3.000 4-1.400 OCBCBk 4.910 -0.040 jtyDev 6.270 -0.010 Olam 1.160 4-0.010 Iosco Corp 0.965 -0.005 S IA 11.380 4-0.120 IBS Grp 8.590 4-0.617 SGX 5.080 -0.030 :&N 2.870 4-0.010 SIA Engg 2.000 -0.010 Sent Intl 0.455 4-0.005 SPH
      103 words
    • 258 4  -  CONRAD TAN Technical View: ST Index DMG Partners Securities, Dec 29 OUR forecast that the Straits Times Index (STI) would see a further contraction in its trading range was slightly off the mark as the index fell 3.9 per cent and experienced a 92-point trading range for the
      258 words
    • 265 4 CHART POINT First trading week of 2009 will offer insight into mid-term direction DBS Group's $4 billion rights issue last week has had the effect of soaking up some liquidity in the market. While windowdressing is still possible, we do not expect market activity
      Kelive  -  265 words
    • 489 4 Reuters CURRENCIES [TOKYO] Sterling hit a record low against the euro yesterday, hurt by its yield disadvantage against the single European currency and inching closer to parity. A bleak outlook for the UK economy and expectations that eurozone interest rates are likely to
      Reuters; BLOOMBERG  -  489 words
    • 4 4 DAILY
      4 words
    • 55 4 CLOSE IT OB/OS 145.00+156. C IT CADI -*****.00 +34.01 IT 10-day MA -*****.00+14.01 TSE ST Mid Cap 353.44 +2.0. TSE ST Small Cap 293.43 +0.4i TSE ST All Share 425.08+10.6! TSE ST China Top 183.55 -0.9: TSE ST China 184.95 -1.0: IOB Catalist 76.22 +0.6 iMSCI 215.69
      55 words
    • 60 4 VOLUME Sapphire 35,832,000 Straits Asia 19,284,000 Golden Agri 18,442,000 Noble Grp 15,249,000 IndoAqri 11,313,000 Sing Tel 10,792,000 Gent Intl 10,572,000 DBS DB eCW*****7 9,502,000 AsiaTiqer 9,210,000 AusGroup 8,479,000 VALUE(S) DBS Grp 59,335,390 Sing Tel 27,351,550 OCBC Bk 21,553,880 UOB 20,009,720 SGX 17,739,350 Noble Grp 15,434,145 Straits Asia
      60 words
    • 105 4 CLOSE UP LP 10US$ 8716 527.0 4.4 IOB 5.05%NCPS 100 9250 240.0 2. Mall 300 140.0 87. ICBC Bk5.1%NCPS 100 9080 92.0 1b iBS Gr| 859 61.7 7. ICBCCai 5.1%NCPS 100 8640 60.0 0. IOB 1264 52.0 4. iBS Bk6% NCPS 10 9550 50.0 0. ICBC Bk4.5%NCPS 100 8080
      105 words
    • 119 4 BY CENTS CLOSE DOWN 930 -69.0 -6.9 STXPO 100 :50 10US$ 243 -17.3 -4.7 SGX MBL JCW*****3 36.5 -16.5 -31.1 MS India 10US$ 744 -13.0 -1.2 Daip 430 -11.5 -1.8 Asia Pac Brew 1000 -10.0 -1.0 *AVJennini 38 -9.5 -20.0 Petra 37 -8.0 -17.8 SBSTransit 170 -8.0 -4.5 Great
      119 words
    • 87 4 Where S$ stands Dec 29 %CHNG CLOSE FR Dec 26 YR2008 S$ LOW S$ HIGH USS 1.4405 0.42 1.5346 1.3457 Euro 2.0531 -0.96 2.2064 1.8640 Pounds 2.1139 0.83 2.8431 2.1348 AS 0.9975 -0.70 1.3251 0.9068 Yen* 1.5926 0.45 1.6899 1.2619 Rui liah* 0.***** 0.87 0.***** 0.***** Baht* 4.1122 0.50
      87 words
  • Page 4 Advertisements
    • 108 4 -^^^^m^ "111 OjjJ'! lif MAU'K i:' I" V 01A I' lITI' V The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for
      108 words

  • COMPANY NEWS
    • 580 5  -  VINCENT WEE By Keppel, SembMarine didn't win any new rig building contract in Q4 THE last week of the year is bringing in the dregs of new contract announcements from the main shipyards here. And from the look of things, the slowdown in
      FILE PHOTO  -  580 words
    • 583 5  -  JAMIE LEE MAKE peace, love perhaps, but not war that could have been the song that investors of Sembcorp Marine sang religiously. One could almost hear the shouts of hallelujah when the company announced last week that it had resolved its legal dispute with
      583 words
    • 444 6  -  JAMIE LEE Options on MSCI Spore index futures will enhance market depth: exchange By THE Singapore Exchange (SGX) said yesterday that it plans to offer a new options contract and is seeking public feedback. The contract known as the SGX options on MSCI
      FILE PHOTO  -  444 words
    • 211 6  -  ONG BOON KIAT By MAINBOARD-LISTED Unionmet (Singapore) said yesterday that the group will be reporting a loss for its financial year ended Nov 30, 2008. The Chinese indium ingot maker cited lower market prices, high production costs and product impairment losses as reasons
      211 words
    • 325 6  -  CHEW XIANG By SINGAPORE Technologies Engineering (ST Engg) yesterday said it has secured $86 million in contracts for works at Resorts World at Sentosa (RWS), bringing its order book to a record high of more than $10 billion. "With this deal
      TERENCE TAN/THE STRAITS TIMES  -  325 words
    • 194 6  -  KALPANA RASHIWALA By CITY Developments Ltd (CDL) said yesterday it has raised the limit for a mediumterm note programme from $700 million to $1.5 billion. The programme was established in May 1999 under which CDL may from time to time issue notes. Proceeds
      194 words
    • 264 6  -  UMA SHANKARi By FIRST Real Estate Investment Trust (First Reit) yesterday said that there was no significant change in the total value of its eight properties as compared with a year ago. The trust made the announcement after it revalued all of the properties
      264 words
    • COMPANY BRIEFS
      • 95 6 APEX-PAL International's flagship brand Sakae Sushi has made its debut in Ho Chi Minh City, Vietnam, at the Now Zone Fashion Mall. The mall, opened two weeks ago, is located on the fringe of District 1, and targets the young, hip and
        95 words
      • 128 6 Bloomberg SINGAPORE-BASED commodity supplier Olam International has bought back US$5 million of its US$3OO million convertible bonds maturing in 2013 to reduce debt repayments. The company said in a statement to the Singapore Exchange yesterday that it paid US$3.3B million to repurchase the one per
        ■ Bloomberg  -  128 words
      • 92 6 RENEWABLE energy and industrial waste recovery firm ecoWise Holdings has reported a 21 per cent jump in net profit to $5.9 million for the 12 months ended Oct 31, 2008, helped by $5.38 million in "other credits" resulting mainly from an exceptional disposal
        92 words
    • 396 8  -  VICTOR KATHEYAS Its picks for 2009 include defensive, recovery and battered stocks By WHERE some see doom and gloom, others see opportunity. In its recently released 2009 research strategy, OCBC Investment Research (OCBC IR) says that investors should "sieve through the noise
      FILE PHOTO  -  396 words
    • 278 8 Bloomberg PACIFIC Century Regional Developments Ltd, part of the group that offered US$l.9 billion to buy out PCCW Ltd, said it has got shareholders' approval to pursue the takeover of Hong Kong's biggest phone company. Pacific Century shareholders accepted the company's plan to join
      Bloomberg  -  278 words
    • 285 8 SUN East Group, which said recently it faced a credit squeeze, said yesterday that its executive chairman Philip Chung has resigned for health reasons. Mr Chung, 64, founded the beauty and cosmetics branding and management group in February 1999 and was responsible for overall
      FILE PHOTO  -  285 words
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      150 words

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      200 words
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    • 352 7 Ls-Ji^ BBS? jtflV jilf 1 L^l kTi II flflflfltt Awl vLc fl— l l^ it I Kflfl ■V"' flf l fli B A V flk kfl 111 fl^ pf ■flm. V fl^ flf^ n. fl v """fl <Mi IHil lil fl M 1 LI lil I'l* 4^ w-i. iw v
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  • Page 8 Advertisements
    • 1309 8 Vfl^L r> Toll free: 1800-289-8822 IV I fl If L^ V Email: notices@sph.com.sg JL Vfc-/ JL JL^^J 1' ij www.cats.com.sg itS* *^k IN THE MATTER OF THE r COMPANIES AO CAP. 50 FRASER AND NEAVE, LIMITED and I (Company Registration No. *****0001R) IN THE MATTER OF ■—■^1 (Incorporated in the
      1,309 words
    • 930 8 WSrf I^TV^T'T^T-'r' Toll free: 1800-289-8822 m&^- [VIII If r-f Email: notices@sph.com.sg X^l V^>/ X. I v ■< I i www.cats.com.sg Hl-P INTERNATIONAL LIMITED Company Registration No. *****4817H (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Hi-P International Limited (the "Company") will be
      930 words

  • SINGAPORE NEWS
    • 661 9  -  CHEAH UI-HOON Plans also to foster growth of galleries, auction houses, specialised services By THE government will introduce seed funding schemes to help develop local arts businesses and integrate them into the Arts Housing Scheme as part of the third phase of
      661 words
    • 336 9  -  ARTHUR LEE NTUC Income staff raise $330,000 for needy Singaporeans By PROJECT Love, a monthlong charity drive by about 1,000 NTUC Income managers and staff, has raised $330,000 for NTUC's Care and Share programme. The proceeds will help needy children, the elderly, the disabled
      ARTHUR LEE  -  336 words
    • 241 9 MORE than 780,000 eligible HDB households will receive $125 million worth of Utilities-Save (U-Save) rebates in 2009, the Ministry of Finance said yesterday. Households will receive between $70 and $210 worth of U-Save rebates, depending on flat type. Part of the
      241 words
    • 205 9 PERMANENT residents with SingPass accounts will soon be able to renew and transfer their re-entry permits (REPs) online. A new e-REP system that starts on Jan 2 means they will not have to go to the Immigration Checkpoints Authority (ICA) in person or submit supporting
      205 words
    • 282 9  -  UMA SHANKARI By THE Minister for Trade and Industry has reappointed Cedric Foo and Simon Israel chairmen of JTC Corporation (JTC) and Singapore Tourism Board (STB) respectively. Also, one new member has been appointed and two members reappointed to JTC's board. The STB board will see
      282 words
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      338 words
  • Page 9 Miscellaneous
    • 198 9 Arts and facts Highlights of Singapore's Cultural Statistics 2003-2007 Ticketed attendances for performing arts events have hit 1.5 million, with ticket sales of more than $48 million. Performances at the Esplanade grossed $39 million in 2007, more than double the amount in 2003. The number of visitors to museums trebled
      198 words

  • SME Inc
    • 911 10 Contrary to what many think, branding can be applied to 828 businesses as well, writes CHEN HUIFEN THERE is an analogy which Wilson Chew frequently uses to debunk a common myth about branding. "The brand is like a nail, and marketing is like the
      JOSEPH NAIR  -  911 words
    • 720 10  -  NICHOLAS TAN By THE retail world is ripe for self-service technology. A recent US consumer survey commissioned by IBM showed a 50 per cent growth in the use of selfservice technology in the past year, with 70 per cent of respondents saying they
      720 words
    • 930 11 Heng Long is one of five top-tier tanneries of crocodilian leather and its network spans 20 countries, writes JONATHAN GAN OR the crown section of the crocodile skin, you'll have to soak it in the strong pickle to ensure the bones are sof-
      YEN MENG JIIN  -  930 words
    • 1181 12 THIS WEEK'S TOPIC As 2009 is around the corner, what new year resolutions have you set for yourself and/or your company? Eddie Tan Managing Director Atlas Logistics (Far East) Pte Ltd THE world is showing great faith and is looking forward to the incoming president Obama
      1,181 words
    • 590 12  -  LYNETTE KHOO By PLENTY of Singaporeans love doughnuts, and demand for the tasty treats has spurred the growth of doughnut chains here. That's why Donut Empire has made branding its priority to stand out from the crowd. From a slim war chest of $200,000
      590 words
    • 478 12  -  TEH HOOI LING By STOCK prices drifted lower as volume dried up in the final few days of the year. Our small-cap portfolio ended half a per cent lower compared to a week ago. Our biggest gainer was Kingboard Copper Foil, which climbed 6.1 per cent.
      478 words
  • Page 10 Advertisements
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      167 words
    • 22 10 <* v o $.n Lianhe Zaobaol 60% I I loss in j stock I i market j in 2008 i *B25£UMi tS3^!E®7O% jdsft«
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    • 15 10 Call 6-594 7593 now for the Payroll Specialists PAYDAY! Payroll Serve time to relax www.PayrollServe.com.sg
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  • Page 11 Advertisements
    • 43 11 LQJfind the ones bn tXrJ THAT FIT! H *v^^\ Recruit the right people V l I through CATS Recruit. 1 1 Call 1800 289 8822 or email I -^j I recruit@>sph.com.sg to advertise. p>^J >*P V^> f J WATS Uo? fvJ RECRUIT I
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    • 896 11 Brought t0 you by Singapore Enabling Enterprise Instilling a winner's mindset Staff at Quebec Leisure International say that the Customer-Centric Initiative (CCI) not only helped them become better service professionals, but better people too. Thirty-year-old Fauzullah Abdul Kadir I, il-, has a 10-second rule. He knows that L he has
      896 words

  • Page 12 Advertisements
    • 79 12 A SATS ALLGREEN PROPERTIES LIMITED *****,000,000 MEDIUM TERM NOTE PROGRAMME SERIES NO. 005 5550,000,000 HYBRID NOTES DUE 26 DECEMBER 2009 Pursuant to Condition 15 of the Notes, notice is hereby given that for the Interest Period beginning on 26 December 2008 and ending on (but excluding) 26 March 2009, the
      79 words
  • Page 12 Miscellaneous
    • 212 12 SME M Car showrooms may be quieter these days and property launches slowing. But going by the queues at popular eateries and the packed carparks at shopping malls on Boxing Day, Singaporeans are still splurging on little treats. Live Christmas trees, for instance, were in greater demand and selling much
      212 words

  • ECONOMY WATCH
    • 663 13 -AFP Aides say he will favour long-term infrastructure and job creation projects [WASHINGTON] US Presi-dent-elect Barack Obama's economic stimulus plan may cost between US$675 billion and US$775 billion and will favour long-term infrastructure and job creation projects, top Obama aides said. With the United States
      -AFP; AFP  -  663 words
    • 294 13 -Reuters [BEIJING] China should make no further monetary policy moves after five interest rate cuts in quick succession, a Chinese lawmaker and former central bank official said in comments published yesterday. Wu Xiaoling, former People's Bank of China vice-governor, said deep cuts in
      -Reuters  -  294 words
    • 691 13 Reuters Frugal consumers opting for prepared meals boost profits [TOKYO] Japanese convenience store operators' shares may keep outperforming the retail sector well into next year as consumers opt for cheap prepared meals instead of eating out as the economy slides deeper into recession.
      Reuters; BLOOMBERG  -  691 words
    • 194 13 Reuters Industry may see a surge in number of late payments [NEW YORK] Credit card companies face continued problems, as rising unemployment could send the number of late payments through the roof, giving investors reason to be wary despite the companies' low stock
      Reuters  -  194 words
  • Page 13 Advertisements
    • 110 13 OUT NOW The January issue of Pulses is out! Start the new year with the financial magazine produced by The Business Times. In this issue, we give you the lowdown on Singapore's stockbroking industry. Also, is it wise to bet on properly equities? Are you ready to be a financial
      110 words

  • GREATER CHINA/INDIA
    • 314 14 Reuters [NEW DELHI] An Indian government rule to allow only its citizens to be chosen to national teams has drawn criticism from the national Olympic body. The sports ministry said last Friday that in future only Indian passport holders would receive government support
      – Reuters  -  314 words
    • 495 14 Bloomberg Exchange's proposal could ban directors from share trading for 7 to 9 months [HONG KONG] Li Kashing's Cheung Kong (Holdings) Ltd is among more than 230 Hong Kong businesses that have joined a campaign to oppose a regulatory amendment lengthening a
      Bloomberg  -  495 words
    • 266 14 Reuters [BEIJING] Fears of a prolonged recession in China have triggered a sharp increase in divorce enquiries addressed to lawyers and financial advisers, state media reported on Monday, with timing a key issue. Wealthy spouses were keen to strike a deal while
      Reuters  -  266 words
    • 58 14 Xinhua [SHENYANG, China] A resident riding a bicycle amid snowfall at a park in Shenyang, Liaoning province. The National Meteorological Centre has announced that a cold front is expected to bring strong wind and snow to northern China and rain to the south of China
      Xinhua; REUTERS  -  58 words
    • 706 14 AFP INDIA IN 2008 Mumbai attacks cast a pall over nuclear pact with US in Oct [NEW DELHI] A year that had promised much for India ended in unimaginable trauma with blood on the streets of Mumbai and fears for the future
      AFP  -  706 words
    • 359 14 Reuters [BANGALORE] Shares in Satyam Computer Services rose over 9 per cent yesterday after the Indian outsourcer said that it would consider more options to improve shareholder value and business practices, including strengthening corporate governance. The embattled company, hit by accusations of a
      Reuters  -  359 words
  • Page 14 Advertisements

  • MALAYSIA/INDONESIA
    • 409 15 Outlook for derivatives seems brighter in 2009 while equities market's prospects looks uncertain as turmoil continues: CEO [KUALA LUMPUR] Stockmarket operator Bursa Malaysia Bhd expects its derivatives revenue to increase next year, even as the equities market outlook remains uncertain because of the global
      409 words
    • 259 15 ■AFP [KUALA LUMPUR] Malaysia and India are to sign a labour accord on Saturday to govern the recruitment and welfare of their workers in each other's country, a report said yesterday. Malaysia's Human Resources Minister S Subramaniam said the document would address
      ■AFP  -  259 words
    • 152 15 ■AFP [KUALA LUMPUR] A 59--year-old prince was yesterday picked as the new ruler of a southern Malaysian state, following the death of a former king of the country. Tuanku Jaafar Tuanku Abdul Rahman, who died on Saturday after complaining of dizziness and chest pains,
      ■AFP  -  152 words
    • 209 15 Bloomberg [JAKARTA] Chevron Corp's Indonesian unit, which accounts for about 42 per cent of the nation's oil output this year, may invest US$3 billion to boost production from a Sumatran field, a government official said. The company will use a new drilling technique
      Bloomberg  -  209 words
  • Page 15 Advertisements
    • 2741 15 w 4f WATS _L^l V»^ W- I V I' t Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.se |UPC MFS TECHNOLOGY LTD |^f (Company Registration No. *****9562R) The Interconnect Solutions Provider Incorporated in the Republic of Singapore NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company will be
      2,741 words

  • ASIA-PACIFIC/WORLD
    • 671 16 Reuters, Bloomberg If reached, the deal would create Japan's top non-life insurer by revenue [TOKYO] Three large Japanese insurance companies are in merger talks to survive an economic downturn that has battered demand for car and housing insurance. Japan's Mitsui Sumitomo Insurance Group Holdings
      – Reuters, Bloomberg; BLOOMBERG  -  671 words
    • 309 16 Reuters, Bloomberg [SEOUL] Citigroup is injecting US$BOO million of new capital into its South Korean banking arm, Citibank Korea said yesterday, joining other banks in efforts to shore up their financial bases. Sixty per cent of the injection will be used to issue
      Reuters, Bloomberg  -  309 words
    • 416 16 Reuters [LONDON! As many as 600,000 people could lose their jobs in Britain next year, making next year the worst year for unemployment since 1991, personnel experts warned yesterday. The Chartered Institute of Personnel and Development (CIPD) said a widelyexpected recession would bite
      Reuters; REUTERS  -  416 words
    • 692 16 Reuters Investors betting on region, with its low debt, high savings [HONG KONG] From healing credit markets to big government stimulus spending, evidence is mounting that the historic 2008 sell-off may be fading into the history books. While few market players are bold
      Reuters  -  692 words
    • 350 16 Bloomberg [SEOUL] Ssangyong Motor may face liquidation if its Chinese parent SAIC Motor fails to provide 320 billion won (***** million) in new financing to the Korean automaker, its largest creditor said. Korea Development Bank may explore liquidation rather than debt-re-structuring if SAIC
      ■ Bloomberg  -  350 words

  • WORLD
    • 588 17 ■NYT The JV, K-Dow Petrochemicals, was to be world's largest polyethylene maker [PARIS] A multibilliondollar joint venture between Dow Chemical and a state-owned Kuwaiti company fell victim to the financial crisis and the collapse of oil prices after the Kuwaiti government said on
      ■NYT  -  588 words
    • 889 17 Bloomberg [WASHINGTON] As the credit crisis gripping the global economy stretches into a third year, corporate directors are facing a storm of scrutiny for the instances when they've failed to sound the alarm as imprudent investments piled up at Citigroup or Bear Steams, for
      Bloomberg; AFP  -  889 words
    • 652 17 -NYT Ex-govt officials helping clients get slice of bailout money or buy assets at fire-sale prices [WASHINGTON] A tight-knit group of former senior government officials who were central players in the saving and loan bailout of the 1990s are seeking to capitalise on
      -NYT |  -  652 words
    • 387 17 AFP Source at tycoon's conglomerate denies report of a deal [MEXICO CITY] Mexican billionaire Carlos Slim has not bought the Honda Formula One team and is not even in negotiations for the Japanese outfit, a source at the businessman's industrial and financial
      AFP  -  387 words
    • 573 17 ■NYT [NEW YORK] Will one of US President-elect Barack Obama's New Year's resolutions be to quit smoking once and for all? His good-humoured waffling in various interviews about smoking made it plain that Mr Obama, like many who have vowed to quit
      ■NYT  -  573 words

  • AVIATION
    • 366 18 -AFP Carrier is hiring pilots for flights to China, India, S Korea and Japan [KUALA LUMPUR] Malaysian budget carrier Air Asia X said that it can weather the storm of a sharply deteriorating global economy and is hiring pilots to expand its
      -AFP  -  366 words
    • 2601 18 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW). BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,601 words
    • 191 18 Reuters [HONG KONG] A strike by ground staff at Hong Kong's airport left thousands of passengers waiting for hours for their luggage, and many left the airport empty-handed, local media reported on Sunday. The Airport Authority said late last Saturday that
      Reuters; REUTERS  -  191 words
    • 250 18 Bloomberg [TOKYO] Japan Airlines Corp, Asia's biggest carrier by sales, said it may cut its capital investment plan as it takes delivery of fewer planes and travel demand slows. The company will spend 100 billion yen (Ssl.6 billion) less than its original plan of 419
      ■ Bloomberg  -  250 words
    • 241 18 Bloomberg TOULOUSE, FRANCE] Airbus SAS has handed over its 11th A3BO superjumbo to Australia's Qantas Airways, leaving the world's largest maker of commercial aircraft with one more to reach its goal of 12 deliveries this year. The plane was the
      Bloomberg  -  241 words
    • 521 18 Bloomberg Airline will sell shares in HK, China to parent company [SHANGHAI] China Eastern Airlines, the nation's third-largest carrier, more than doubled the financial aid it has secured from the government as the mo-ney-losing airline battles to cut debts. The company
      – Bloomberg  -  521 words
  • Page 18 Miscellaneous
    • 402 18 CRYPTIC CROSSWORD ACROSS I Steep charge applied to staff n —i rc —i r —i n —l H.; —nj r, i i^ (8) 5 Free cover for African organisation is off (6) —\m 9 The 4th of April 2000 Greta and I resolved to come to this country (9) II
      402 words

  • SHIPPING
    • 817 19  -  RORY MEDCALF IHT The challenge now is to forge a multinational flotilla off Somalia By [SYDNEY] Last Friday, two destroyers and a supply vessel departed on China's first long-range naval expedition since 1433. The decision to join the global armada in the pirate-plagued waters
      IHT; AP  -  817 words
    • 158 19 Reuters [BEIJING] China has opened its first tunnel under its longest river, the Yangtze, a two-billion yuan (*****.3 million) engineering feat to ease traffic congestion in the central city of Wuhan, local media reported yesterday. The 3.63-km (2.26 mile), four-lane tunnel, which opened on Sunday,
      Reuters  -  158 words
    • 198 19 Xinhua Register has more than 1,360 ships with 40m gross tons [HONG KONG] The total gross tonnage of Hong Kong-registered ships is approaching 40 million gross tons (GT), making the register among the top five in the world, official figures released on
      – Xinhua  -  198 words
    • 336 19 Bernama [TAWAU, Sabah] It was lights out yesterday for 15 crew members of a Port Klang-registered oil tanker which has been stranded here since August, when the ship ran out of fuel plyTin Zaw Aung, chief officer of the 89.93 m, 3,907 tonne
      ■ Bernama  -  336 words
    • TRANSPORT STOCKS
      • 101 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 0.26 0.19 0.97 0.30 0.68 0.46 0.04 ....unch 0.28
        101 words
      • 39 19 '000 )ec26 M$ Vol Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings unch unch 8.30 2.33 2.32 0.05 0.09 unch unch -0.10 -0.03 -0.02 -0.01 unch 0 0 55 51 6 71 30
        39 words
      • 12 19 '00 ■recious Ship Jegional Cont 11.10 6.35 -0.20 -0.20 435 851
        12 words
      • 11 19 '000 Doil iingamas Cont .17.00 ...0.47 0.18 276 -0.05 *****
        11 words
      • 17 19 '000 Aboitiz Equity Intl Container Keppel Marine unch 12.75 2.12 unch -0.25 -0.28 0 38 1
        17 words
      • 23 19 )ec Evergreen Marine ....15.50 :irst Steamship 29.70 /Van Hai Lines 14.20 r"ang Ming Marine...10.00 0.35 -0.40 0.05 -0.20 6 2 1 7
        23 words
      • 41 19 '000 (awasaki Hvy Ind ..181.00 (awasaki Kisen 405.00 Mitsubishi Hvy 392.00 Mitsui Eng&Sbldg...147.00 i/litsui Osk Lines 548.00 Nippon Express 369.00 Nippon Yusen 551.00 'iource: Thomson Reuters -1.00 7.00 1.00 3.00 4.00 -3.00 10.00 4776 2299 7693 2262 6109 2918 3270
        41 words
    • 553 19 -AP [HOBART, Australia] Overcoming an encounter with a 2-metre shark and sailing most of the race with flotsam stuck on its keel, Wild Oats XI won its fourth consecutive Sydney to Hobart on Sunday, with skipper Mark Richards saying this year's victory
      -AP; REUTERS  -  553 words

  • EDITORIAL & OPINION
    • 494 20 THE curious case of an Indian doctor in Australia who was accused of involvement with the failed bombers in London and Glasgow in 2007 exposes the sorry underside of race relations in that country. An eight-month inquiry, ordered by Australian Prime Minister Kevin
      494 words
    • 941 20  -  ABHIJIT GHOSH and HO KAH CHUAN Spore may introduce further innovative measures to nurture an innovative economy By THE current global credit crunch could adversely affect investment in research and development (R&D), and seriously delay the discovery of new products, processes or solutions.
      REUTERS  -  941 words
    • 775 20  -  ROBERT SAMUELSON The Washington Post Writers Group THE BOTTOM LINE IT'S the end of an era. We know that 2008, much like 1932 or 1980, marks a dividing line for the American economy and society. But just what lies on the other side
      The Washington Post Writers Group  -  775 words
    • 1281 21  -  GLENN KESSLER -LATWP Small changes in arcane accounting rules can affect billions of dollars in market value and corporate profitability By WORLD leaders have vowed to help prevent future financial meltdowns by creating international accounting standards so that all companies would play by
      -LATWP; AFP  -  1,281 words
    • 854 21  -  FANG VAN Reuters By NEVER mind the banks. Eastern China's Shaoxing county has launched a massive polyester bailout. The locality of 710,000 people in prosperous Zhejiang province arranged 1.5 billion yuan (*****.1 million) in aid to let Zhejiang Hualian Sunshine Petrochemical
      Reuters; AFP  -  854 words
    • 64 21 LETTER TO THE EDITOR SGX-listed STX PO was quoted ex-dividend on Dec 29. As at that date, no dividend rate had been declared, yet trading was done on an ex-dividend basis. Can SGX comment on how investors are expected to trade these shares without any
      64 words


  • SINGAPORE STOCKS
    • 8344 22 Transaction date: Dec 29 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil 52-wks Tel |h Low Code Last Sale Vol ('000) Hit Day Last Quote Div Gr Yld Net |h Low Buyer
      8,344 words
    • 576 23 52-wks Tel |h Low Code Coi Last Sale Vol COOO) Hii Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E MCap $mil Hii 20 5 1181 s AAGrp 32 16 8538 s APStrategic 5.5 1 1501 s Advanced System 38 12.5 3518 s Afor 25.5
      576 words
    • 651 23 52-Wk Tel High Low Code Last Sale Vol Cooo) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _H|< ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 385 158
      651 words
    • 769 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
      769 words
    • 8710 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.375/ AIGIF Spore Bond Fund/ A 1.204/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.58/ APS Alpha Fund (USD)!** 0.4/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5717/ APS Komaba
      8,710 words
  • Page 22 Advertisements
    • 37 22 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED ;-tp^?'P~_Pf .W f 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 ■*f&k^^£i^~~^ra% ''*V J" Internet: Http://www.audemarspiguet.com mP- .LEt^ *$5i3P-- «-jS?* ~"v S"'." '-£*'J>i£m£QSf
      37 words


  • FINANCE & COMMODITIES
    • 369 24 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 26 World Index Preliminary 654.9 0.3 -42.1 0.5 -43.5 0.3 -43.9 EAFE Preliminai 631.4 0.3 -43.7 0.6 -45.9 0.5 -46.3 Euroj Prelim inan 882.0
      369 words
    • 131 24 As at 9am Dec 29 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9800 1.0130 .an dollar 1.1820 1.1960 Euro 2.0290 2.0530 NZ dollar 0.8260 0.8450 iterlini ind 2.1110 2.1361 US dollar 1.4380 1.4540 Local dollars to 100 units of foreign
      131 words
    • 152 24 Dec 29 Xterniqht 1/8 -month 13/16 -months 15/16 l-months 1 1/16 Overnight mode: 5/8 IS$ Offer par 9/16 11/16 13/16 BJd 1 days I month I months months d months months I I. (All 0.90 0.80 1.40 1.60 2.10 2.40 2.50 Offer 0.40 0.30 0.90 1.10 1.60 1.90
      152 words
    • 25 24 Dec 29 ten Jii Sett >TI ilMSCI Dec 209.0 214.1 213.6 'aiwan Dec 166.3 167.4 166.6 Source: MF Global (S) He. Ltd
      25 words
    • 24 24 Dec 29 SS Bid Offer 1-month 1.4404 1.4422 2 months 1.4398 1.4418 3 months 1.4396 1.4416 6-months 1.4386 1.4406 Source: OCBC
      24 words
    • 61 24 Dec 26 Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low Jan 09 1570 Feb 09 1560 Mar 09 1562 Apr 09 1564 Total o/p:***** contracts 1595 1595 1565 1591 1593 1560 1590 1596 1562 1590 1594 1564 Turnover: 7621 lots Market tone:
      61 words
    • 300 24 Dec 29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.8300 98.8850 98.8550 98.7250 9762 4211 3564 1396 EUROYEN TIBOR FUTURES MarO9 99.420 99.435 JunO9 SepO9 99.530 99.530 DecO9 Mar10 Jun10 Sep10 99.325 99.325 Dec10 99.420 99.530 99.325 99.435 99.495 99.520 99.520 99.425
      300 words
    • 191 24 Dec 29 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Jan 09 138.0 FebO9 140.0 Mar 09 143.0 Apr 09 May 09 JunO9 136.0 140.0 143.0 136.0 140.0 143.0 147.0 147.5 148.0 41 12 30 20 20 20 295
      191 words
    • 89 24 Dec 29 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low 1-Month BQ*****V 02.04.09 -Year BY*****V 02.11.09 0.60 0.74 0.68 0.68 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
    • 103 24 Dec 26 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 951.75 915.75 963.00 920.25 Mar 09 956.50 919.00 966.50 923.00 May 09 967.50 930.00 977.75 934.75 Jul 09 978.75 941.00 988.00 946.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Ian 09 32.82 31.31 33.45 31.18
      103 words
    • 77 24 CRUDE OIL PRODUCTS Dec 24 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 37.23 -1.93 WTI (Near Mth) 35.71 -3.39 Dubai (1-Mth F) 37.11 -2.01 Tapis blend 40.03 -1.97 Minas 35.53 -1.97 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 31.00 56.50 0.45 -1.10 US$/barrel Opec Oil
      77 words
    • 461 24 Dec 29 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.836 4.729 0.484 5.353 33.666 76.662 0.625 8.737 2.403 1.190 54.889 32.785 0.995 6.608 0.727 22.785 24.218 0.468 0.691 Canada 1.196 5.656 0.579 6.402 40.263
      461 words
    • 76 24 Dec 29 1 mth 0.***** 0.***** 2 mths 1.***** 0.***** 6mths 1.***** 9 mths 1.***** 12 mths 2.***** 3 mths 1.***** 1.***** 6 mths 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs 2.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 2.***** 15
      76 words
    • 157 24 Dec 29 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9943 0.9955 0.6906 0.6907 Canadian dollar 1.1890 1.1908 0.8258 0.8262 Euro 2.0532 2.0557 1.4260 1.4263 NZ dollar 0.8357 0.8368 0.5804 0.5806 Sterlini md 2.1230 2.1256 1.4745 1.4741
      157 words
    • 172 24 Dec 29 GOLD (USS/oz) GOLD (USS/oz) Dec 29 Dec 26 Hong Kong 881.40 CLSG 882.40 CLSG Dec 26 Dec 25 London 845.20 844.00 847.20 848.00 Source: Thomson Reuters Dec 29 Dec 26 GOLD BULLION COINS (S$) Selling Buying 1 oz 1416.68 1276 UBS GOLD LUNAR KINEBAR (S$) Selling
      172 words
    • 64 24 Dec 24 minimum, 99.7 jrity (US$/tonne) Co Close Previous :ash 1503.50 months 1537.00 1526.51 1560.01 Copper, Grade A (US$/tonne) :ash months 2809.50 2845.00 2835.01 2870.01 .ead (US$/tonne) :ash months 877.00 850.00 876.01 866.01 lickel (US$/tonne) :ash months 9516.00 9625.00 9641.01 9750.01 'in (US$/tonne) :ash *****.00 *****.01 months 9855.00
      64 words
    • 65 24 Dec 24 :OCOA (Btonne) Close Prev Hii ih/Low Mar 09 1783 1832 1823/1783 May 09 1771 1818 1806/1771 Jul 09 1774 1823 1808/1774 SepO9 1758 1793 COFFEE (US$/tonne) Close Pev High/Low Jan 09 1800 1790 1826/1800 SUGAR (US tonne) White Close Prev High/Low Mar 09 308.5 307.0 310.9/308.0 May
      65 words
    • 2483 24 BONDS WARRANTS Tel Code Company Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 4178 DBS MBL ICW*****3 4561 DBS MBL JCW*****3 30.5 1 0.1 1350 1500 4 7 STI 1650 BNP ECW*****9 STI 1650BNPEPW*****9 35.5 17 40 12 0.0
      2,483 words

  • Page 25 Advertisements
    • 2825 25 m The Business Times Shipping Times m i^^E tffcJJHdUl ijJ^tß^UiihVl 11 fiffrt Iflj Mil WAN HAI INTERNATIONAL PTE LTD K.^^ m WmWfWT^ T^ m_^AJjS^aOJM WmmW^^WMW^^^MmW \TmViAIAU UAI HUrr T1L*****588 (14 LINES) FAX:*****163 A A^«"ll E.'l'l-l^ll BffmaJßßffißlSaaßCTM ■gWftlWßWglf!^^ I V\N 1 WAN HAI INtS Oisroinet Servke/Booltings Direcl line (**********200 BMwaStMIaSBaWIBwWB li_
      2,825 words

  • Page 26 Advertisements
    • 4752 26 r^^^^^^^^^^^^^^^^^Ml F EASTERN CAR LINER, LTD II I^^ffICTIDBEiJ li—-___—A SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS B^^jj KMHajilllililM lUlUtlllUttliS M VOY I RainKKl) I Lillinq(Kl) I MUA I MNL I SIN I PKL I LCB I )KI I PCL/PHL SERVICE AAAX SERVICE Connecting ECL Svc via MALTA JjMiM 22
      4,752 words

  • PROPERTY
    • 475 27 Bloomberg 38% plunge in Nov comes as home prices slide a quarter from five-year high [HONG KONG] Hong Kong mortgage loans fell for a fourth month in November as banks tightened lending amid the economic slowdown and as property prices slumped. Banks
      Bloomberg; AFP  -  475 words
    • 834 27 Reuters Mortgage zoomed out of reach for US middle-income family [HAMPTON BAYS, New York] Cynthia Goldrick's daughter is in and out of the hospital for brain surgery, her mother has Stage 4 lung cancer and her father has moved into a home
      Reuters  -  834 words
    • 461 28  -  EMILYN YAP Better connectivity and more housing choices are on the cards By MORE residential areas in Jurong are to be rejuvenated as part of the Urban Redevelopment Authority's (URA) 2008 Master Plan to develop commercial hubs outside the Central Business District. Supporting the growth
      461 words
    • 263 28 Reuters [SHANGHAI] Shanghai, China's financial hub, has issued new measures to make it easier for people to buy their second homes in a bid to help its ailing property market. Shanghai citizens will now be allowed to buy second homes on the same
      Reuters  -  263 words
    • 489 28 Bloomberg Prices seen to fall a further 10% in 2009, 3% more in 2010 [LONDON] London house prices fell more than in any other UK region this year and probably will decline further in 2009 as the economy sinks deeper into a recession, Hometrack Ltd
      ■ Bloomberg  -  489 words
    • 312 28 Reuters [LONDON] Britons injected more equity into the housing market in the third quarter of this year than at any time since records began in 1970, Bank of England figures showed yesterday. The figures highlight the extent to which credit is being restricted
      Reuters  -  312 words
  • Page 27 Advertisements
    • 2 27 -■IKllMJiiiiMl MATS
      2 words
    • 1808 27 '^^r X^l^^^ JL. -l_^^-< Wj l 3 Toll free: 1800-289-8822* Email: notices@sph.com.sg www.cats.com.sg tf ffl~k|| FRASER AND NEAVE, LIMITED jk (Company Registration No. *****0001R) B^l (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Fraser and Neave, Limited
      1,808 words

  • Page 28 Advertisements
    • 50 28 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists corporate chiefs vH and social activists of If S,^^H\ M AmW M ___l m^T mW ____> -------I _____^j»__l _F c <Psi A s l* x\. \X XX X X XV\ (^^\^^X^ AcollectionfromThe Business Times Availableatall leading bookstores V\\\\ V V
      50 words
    • 84 28 ZAP HERE for the latest property updates! To Zap*: 1. Install the Color Cam™ 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 Color Cam™ software (located either in "Games" or "Applications" folder
      84 words