The Business Times, 31 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
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg %m A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, December 31,2008
    23 words
  • Article, Illustration
    Lock icon SIA may ask cargo pilots to take leave
    606 1  -  VEN SREENIVASAN Airline looks to cut costs, avoid layoffs amid tough business environment By [SINGAPORE] Faced with its toughest operating conditions in five years, especially on its cargo side, Singapore Airlines (SIA) is looking at measures to cut capacity and costs, including
    606 words
  • Article
    Lock icon Spring Singapore offers cheaper loans
    806 1  -  ARTHUR SIM Interest rate cut to 5% in bid to help businesses get easier funding By [SINGAPORE] The Singapore government has taken fresh steps to make liquidity more easily available to businesses. For one, interest rates on business financing schemes through Spring Singapore will be
    806 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      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
    • Article
      Lock icon MARKETS
      40 1 1 COMP 881.63 +14.28 IIKKEI225 8,859.56 +112.39 IANG SENG 14,235.50 -92.98 ;et index 449.96 +3.26 JAKARTA COMP 1,355.41 +14.52 1ANILA COMP Closed ;eoulcomp 1,124.47 +6.88 ;henzhenb 269.23 +0.61 IUMBAI IND 9,716.16 +182.64 11AM EST Change )OW 8,549.32 +65.39 IASDAI
      40 words
    • Article
      Lock icon FOREX
      44 1 IS$ (S$ per US$) 1.443 (US$/S$ per 1.450 2.092 :URO (US$/S$/E) 1.409 2.033 Foreign currency per US$ S$ 'EN 90.30 62.60 3.484 2.414 IK$ 7.750 5.371 !AHT 34.87 24.16 lUPIAH 11,000 7,623 lENMINBI 6.841 4.741 INDIAN RUPEE 48.46 33.58 1.446 1.002 1.719 1.191
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      67 1 EXEC MONEY LOANS COEs ART OF WAR I —I —I Winners in the Bank lending down yfJ^M Premiums may n°t Zap for Sun Tzu's strategies! lE§SH commodity rout in November f^^^—^^^S^alkW s^y low for long Win an Epson wireless PAGE 26 PAGE 2 |figj^=j j^ PAGEI7 projector! PAGE 4 I
      67 words
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  • TOP STORIES
    • Article
      Lock icon Bank lending turns cold in November
      718 2  -  CONRAD TAN Loans to businesses slide, economists warn of more trouble ahead By [SINGAPORE] Bank lending fell over the month in November, for the first time in nearly two years, as loans to businesses declined and more companies went bust, an early sign of
      718 words
    • Article
      Lock icon Expect lower growth than forecast: Iswaran
      446 2  -  ARTHUR SIM By [SINGAPORE] Singapore's 2008 GDP growth, which was cut to an estimated 2.5 per cent in November, is now expected to come in lower, Minister of State for Trade and Industry S Iswaran said yesterday. Speaking on the sidelines of a dialogue
      446 words
    • Article, Illustration
      Lock icon Japan ponders US$110b plan to buy out bad loans
      675 2 Reuters [TOKYO] Japan's government and central bank are considering a US$llO billion scheme to buy bad loans and other financial assets from banks to ease a credit crunch gripping the country's businesses, daily Sankei Shimbun said yesterday. Such a scheme would
      Reuters; BLOOMBERG  -  675 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Spring Singapore offers cheaper loans
        57 2 THE Singapore government has taken fresh steps to make liquidity more easily available to businesses. For one, interest rates on business financing schemes through Spring Singapore will be lowered by 1.25 percentage points. The government will also almost double its share of the insurance premium
        57 words
      • Article
        Lock icon SIA may ask cargo pilots to take no-pay leave
        43 2 FACED with its toughest operating conditions in five years, especially on its cargo side, Singapore Airlines is looking at measures to cut capacity and costs, including asking pilots to take no-pay leave. FRONT PAGE
        43 words
      • Article
        Lock icon Bank lending turns cold in November
        80 2 BANK lending in Singapore fell over the month in November for the first time in nearly two years as loans to businesses declined and more companies went bust. Total Singapore-dollar bank loans at the end of November stood at $273.2 billion, down one per
        80 words
      • Article
        Lock icon Alphomega CFO hit by roadshow lawsuit
        66 2 SEVEN investors in suspended OTC-listing Alphomega Research Group are suing its chief financial officer, alleging that he misled them into believing that Swiss banking giant ÜBS was investing in the company. The lawsuit is believed to be the first here in which investors are
        66 words
      • Article
        Lock icon Cosco warns of lower full-year profits
        47 2 COSCO Corporation (Singapore) has warned that the group will post lower profits for the year ending Dec 31, 2008, compared with the previous year, due to doubtful debts and higher costs for shipbuilding and offshore marine contracts. COMPANY NEWS, PAGE 4
        47 words
      • Article
        Lock icon Li raises offer for PCCW by 7.1 % after criticism
        53 2 Li raises offer for PCCW by 7.1 after criticism PCCW Ltd chairman Richard Li and his co-bidder raised the buyout bid for Hong Kong's biggest phone company by 7.1 per cent, minutes before shareholders were due to vote on a plan that proxy advisers had criticised as too low. COMPANY
        53 words
      • Article
        Lock icon Tax relief for firms tops wish-list for Budget 2009
        61 2 MORE help for companies in the form of tax relief tops the wish-list of tax experts for Budget 2009, due to be announced in January. Given tight credit conditions and the need for more cashflow, they urge the government to do
        61 words
      • Article
        Lock icon HK lawmakers slam HSBC for selling Lehman bonds
        54 2 HONG Kong lawmakers slammed HSBC for helping to sell Lehman Brothers bonds in the Chinese territory, questioning if the bank should have done more to protect investors from products that may be worthless in the aftermath of the Wall Street firm's collapse.
        54 words
    • Article
      Lock icon Alphomega CFO hit by roadshow lawsuit
      799 3  -  JAMIE LEE Investors in ex-OTC listing claim they were misled about ÜBS interest By [SINGAPORE] Seven investors in suspended OTC-listing Alphomega Research Group are suing its chief financial officer, alleging that he misled them into believing that Swiss banking giant ÜBS was investing in
      799 words
    • Article, Illustration
      Lock icon US retailers brace for worst season in history
      718 3 Bloomberg Reuters [NEW YORK] US retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years. Retailers may close 73,000 stores in the first half of 2009,
      Bloomberg; . Reuters; REUTERS  -  718 words
    • Article
      Lock icon Chanel feels the pinch
      214 3 Bloomberg Slumping demand forces it to axe 200 contract jobs [PARIS] Chanel SA, known for its quilted handbags and No 5 perfume, plans to cut 200 temporary and fixed-term contract jobs after slumping demand brought growth to a halt this year, according to France's CGT labour
      – Bloomberg  -  214 words
    • Article
      Lock icon US consumer confidence hits record low
      399 3 Bloomberg LATEST US DATA Reports show home price decline accelerated in Oct [WASHINGTON] Confidence among US consumers unexpectedly dropped in December to a record low as Americans lost faith in the job market, raising the risk that spending will keep weakening into the new
      Bloomberg  -  399 words
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      Lock icon Page 2 Advertisements Column 1
      677 2 A BSATS IN THE MATTER OF THE COMPANIES I IN THE MATTER nc ACT, CHAPTER 50 AND IN THE MATTER T||E roMmmS ACT,MP.SO MASWIN FTE LTD N THE MATTER OF "N M^^,nS^li' 1 NTARY "YLAND INVESTMENT PTE LTD LIQUIDATION riM MFMRFRC'VOI lINTARV COMPANY NO: *****1009N "N LIQUIDATION) At an Extraordinary
      677 words
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      Lock icon Page 2 Advertisements Column 2
      494 2 Head to CATS FASTADS in The New Paper for job opportunities! BSAT& f BUY IT-SELL IT- FIND IT I A WATS In the matter of In The Matter Of In the Matter of Section 788 The Companies Act, Cap. 50 The Companies Act, Cap. 50 of ho companies Act, In
      494 words
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      Lock icon Page 3 Advertisements Column 1
      4 3 I LOCK+STORE] 6243 0600
      4 words
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      Lock icon Page 3 Advertisements Column 2
      166 3 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. Bracelet-Dia. 34 62ct. ak|: Centre Tanzanite A 68.59ct. GIA 4.1 2ct. Color 1 Clariu: VS2
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  • COMPANY NEWS
    • Article
      Lock icon Cosco warns of lower full-year profits
      501 4  -  KALPANA RASHIWALA Doubtful debts and higher shipbuilding, offshore marine costs take toll By COSCO Corporation (Singapore) has warned that the group will post lower profits for the year ending Dec 31, 2008, compared with the previous year, due to doubtful debts and higher costs
      501 words
    • Article, Illustration
      Lock icon Li raises offer for PCCW by 7.1% after criticism
      778 4 Bloomberg [HONG KONG] PCCW Ltd chairman Richard Li and his co-bidder raised the buyout bid for Hong Kong's biggest phone company by 7.1 per cent, minutes before shareholders were due to vote on a plan that proxy advisers had criticised as
      – Bloomberg; AFP  -  778 words
    • Article
      Lock icon Ways to increase the iPkone's desirability
      643 4  -  LEE U-WEN WHEN the iPhone first came to these shores in August under an exclusive deal with SingTel, subscribers of Ml and StarHub were subsequently assured that they would be able to get their hands on the coveted device by the end of 2008.
      643 words
    • Article
      Lock icon CMT price hike appears to be due to hedging: SGX
      369 5  -  CHEW XIANG Exchange probing if there was market misconduct and will act accordingly By THE Singapore Exchange yesterday said that the sudden spike in CapitaMall Trust (CMT) share price on Monday appeared to be due to "hedging activity" by an
      369 words
    • Article
      Lock icon Oculus reports former director to CAD
      579 5  -  TEH SHI NING By OCULUS, the eyecare company which has gone through board upheavals, misplaced funds and legal tussles this past year, has lodged a report with the Commercial Affairs Department against one of its former directors. In a statement yesterday, the company said
      579 words
    • Article, Illustration
      Lock icon Business as usual for Cortina Watch at Raffles City
      331 5  -  JAMIE LEE By IT appeared to be business as usual yesterday at Raffles City's Cortina Watch, a day after it reported that almost $8 million worth of timepieces had been stolen between Christmas Day and the 26th. The store which looked
      ARTHUR LEE  -  331 words
    • SINGAPORE MARKETS
      • Article, Illustration
        Lock icon Will window-dressing lift STI over 1,800?
        605 6  -  R SIVANITHY STOCKS Not obvious this time round which stocks might be targeted if the index is propped up IF THE Straits Times Index (STI) is window-dressed on the final day of 2008, will it regain the 1,800 level? Or if Wall Street tanks
        : Bloomberg  -  605 words
      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        91 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 3 5 0 0 0 6 3 5 lanufacturing 61 20 58 12 66 22 70 Commerce 18 13 19 23 15 21 'pt/Stor/Comms 24 24 :inance 19 19 Construction 'roperties 18 10 18 10
        91 words
      • Article
        Lock icon SECURITIES TRADING TURNOVER
        114 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 10,182 10,182 27,358 27,358 lanufacturing 172,511 5,618 178,129 89,752 316 90,069 lommerce 52,529 13,085 65,614 50,497 2,148 52,645 'pt/Stor/Comms 72,289 20 72,309 91,814 91,815 :i nance 18,815 18,815 141,564 141,564 lonstruction 13,499 14,187 27,686 906 170 1,076 >ro| )erties
        114 words
      • Article
        Lock icon STRAITS TIMES INDEX STOCKS
        105 6 lapitaLand 3.080 +0.010 Noble Grp 1.050 +0.030 lapitaMall 1.640 -1.360 OCBCBk 5.040 +0.130 jtyDev 6.320 +0.050 Olam 1.170 +0.010 losco Corp 1.030 +0.065 S IA 11.340 -0.040 IBS Grp 8.430 -0.160 SGX 5.140 +0.060 :&N 2.930 +0.060 SIAEngg 2.010 +0.010 Sent Intl 0.450 -0.005 SPH 3.130
        105 words
      • Article, Illustration
        Lock icon BROKERS' TAKE
        852 6  -  r CONRAD TAN ComfortDelGro Corporation Dec 30 close: $1.48 CIMB-GK Research, Dec 29 ACQUISITIONS in China: ComfortDelGro announced that its 55 per cent-owned subsidiary, Beijing Jin Jian Taxi Services Co in China, has acquired a 100 per cent stake in Jia Run Taxi Co, a taxi operator in
        : Bloomberg  -  852 words
      • Article, Illustration
        Lock icon US dollar falls on Mid-east tensions
        451 6 Reuters CURRENCIES [TOKYO] The dollar dropped yesterday as the Israeli attacks on Hamas in Gaza raised concerns about oil supplies in the Middle East and spurred buying of traditional safe-haven assets, including the Swiss franc. Israeli warplanes attacked Hamas government buildings and other symbols
        ■ Reuters; REUTERS  -  451 words
      • Article, Illustration
        Lock icon STRAITS TIMES INDEX
        4 6 DAILY
        4 words
      • Article
        Lock icon OTHER SINGAPORE INDICES
        57 6 Dec 30 VALUE CLOSE IT OB/OS 170.00+25.0C IT CADI -*****.00+108. IT 10-day MA -*****.00+17.01 TSE ST Mid Cap 360.43 +6.9' TSE ST Small Cap 296.00 +2.5 TSE ST All Share 424.77 -0.31 TSE ST China Top 186.81 +3.2 TSE ST China 188.05 +3.1 IOB Catalist 75.96 -0.2'
        57 words
      • Article
        Lock icon MOST ACTIVE STOCKS
        62 6 VOLUME Golden Agri 64,985,000 Cosco Corp 31,447,000 China Honqxinq 22,755,000 Noble Grp 21,389,000 Straits Asia 20,248,000 Midas 20,003,000 IndoAqri 19,868,000 Sapphire 13,404,000 Ocean us 12,316,000 Sing Tel 10,784,000 VALUE(S) DBS Grp 69,622,100 UOB 35,985,340 Cosco Corp 32,068,825 Sing Tel 27,766,825 Noble Grp 22,299,280 OCBC Bk 17,856,990 Straits
        62 words
      • Article
        Lock icon RISES
        108 6 CLOSE UP ICBC Bk4.5%NCPS 100 8180 100.0 1.2 ICBCCai 5.1%NCPS 100 8740 100.0 1.. IOB 5.05%NCPS 100 9300 50.0 0. ICBC Bk5.1%NCPS 100 9120 40.0 0.. IOB 1300 36.0 2. India Ni 10 890 32.0 3. iTXPO 100 957 27.0 2. Venture Cor| 443 18.0 4., Con 442 16.0
        108 words
      • Article
        Lock icon FALLS
        99 6 CLOSE DOWN 8540-253.8 -2.0 LD 10US lall 164-136.0 -45.3 IMH 1850 -49.0 -1.8 ISH 970 -28.8 -2.0 DBS Gr| 843 -16.0 -1.9 HKLand 257 -11.5 -3.0 NatCoolW*****1 3.5 -11.5 -76.7 ;tarPhar5%RCPS*****8 38.5 -10.0 -20.6 Mencast 15.5 -9.5 -38.0 landRBePW***** 48.5 -7.5 -13.4 BY PERCENTAGE CLOSE DOWN NatCoolW*****1 3.5 -76.7
        99 words
      • Article
        Lock icon CURRENCIES
        85 6 Where S! stands Dec 30 %CHNG CLOSE FR Dec 29 YR2008 S$ LOW S$ HIGH uss 1.4432 -0.19 1.5346 1.3457 Euro 2.0436 0.47 2.2064 1.8640 Pounds 2.0909 1.10 2.8431 2.0770® 0.9987 -0.12 1.3251 0.9068 ren* 1.6000 -0.46 1.6899 1.2619 Rupiah* 0.***** -1.98 0.***** 0.***** Baht* 4.1495 -0.90 4.4299 4.0190
        85 words
    • Article, Illustration
      Lock icon United Engineers plans $136.5m convertible bond rights issue
      411 7  -  TEH SHI NING Separate USsBs.6m deal to dispose of stake in subsidiary falls through By UNITED Engineers (UE) has proposed a rights issue of up to $136.5 million worth of convertible bonds. The renounceable, underwritten rights issue, which is expected to raise
      411 words
    • Article, Illustration
      Lock icon Ratings outlook for Asia-Pac telcos stable: S&P
      406 7 Reuters THE ratings outlook on Asia-Pacific telecommunication companies continue to be stable despite the current market volatility, said Standard Poor's Ratings Services in a report published yesterday. According to the study, "Industry report card: Economic and country risks, restructuring, and liquidity expected to
      Reuters; BLOOMBERG  -  406 words
    • COMPANY BRIEFS
      • Article
        Lock icon China Flexible full-year profit falls 46%
        75 7 CHINA Flexible Packaging Holdings has reported that net profit attributable to shareholders fell 46 per cent to 97.4 million yuan (5520.5 million) in the year ended Oct 31, 2008. Revenue was 960.3 million yuan, down 13.8 per cent from FY2007. The declines were attributed
        75 words
      • Article
        Lock icon Nera Telecom bags US$13.1m orders
        92 7 NERA Telecommunications has clinched orders worth a total of US$l3.l miUion. The orders are for the supply, delivery and installation of microwave radio equipment to a cellular operator in Indonesia, the supply of Direct-To-Home satellite systems to a broadcaster in the Philippines and the supply
        92 words
      • Article
        Lock icon Penguin Int'l exec director resigns
        119 7 PENGUIN International has announced that Cheng Yee Seng has resigned as an executive director of the company and its subsidiaries from Dec 30, 2008. "Mr Cheng has left to pursue personal interests," Penguin said. "The board would like to extend its gratitude and appreciation to
        119 words
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      Lock icon Page 4 Advertisements Column 1
      444 4 g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 RAYCO LABORATORIES PTE LTD (In Members' Voluntary Liquidation) COMPANY REGISTRATION NO. *****8913E At an Extraordinary General Meeting of the Company convened and held at TAI SENG AVENUE, #07-3506, SINGAPORE *****6 on the 30 December 2008, the following resolutions were duly
      444 words
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      Lock icon Page 4 Advertisements Column 2
      142 4 EPSON I 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 $2,588! Make a
      142 words
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      Lock icon Page 4 Advertisements Column 3
      24 4 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. s WATS NOTICES
      24 words
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      Lock icon Page 5 Advertisements Column 1
      29 5 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists _*^^J The diverse experi* ofsomeofthemo: influential thinke RafflesConversations f \K\\&&\ '"^>X>> AcollectionfromTheßusiness Times i \.%."'*j Availableatallleadingbookstores V'% %\X %> '"i*
      29 words
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      Lock icon Page 5 Advertisements Column 2
      129 5 S I ,jj 1 I I HOLDINGS LIMITED ecoWise Holdings Limited is pleased to announce that its wholly owned subsidiary Bee Joo Industries Pte Ltd, has successfully registered its Clean Development Mechanism (or CDM) project with the United Nations Framework Convention on Climate Change ("UNFCCC"). The project, entitled "Thermal Energy
      129 words
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      2 7 HUH i
      2 words
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      Lock icon Page 7 Advertisements Column 2
      318 7 NOTICE TO THE SHAREHOLDERS IN THE ÜBS (LUX) KEY SELECTION SICAV ABSOLUTE RETURN PLUS Sub-fund under the ÜBS (Lux) Key Selection Sicav Investment company with variable capital (Societe d'lnvestissement a Capital Variable) Registered office: 33A avenue J.F. Kennedy B.P. 91, L-2010 Luxembourg R.C. Luxembourg N° B 88.580 Notice of Annual
      318 words
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      Lock icon Page 7 Advertisements Column 3
      927 7 THE COMPANIES ACT (CAP. 50) 1) Alliance Advisory Pte Ltd (In Members' Voluntary Liquidation)(Co.Reg.No.2oo2ol249Z) 2) Cubic Air Technologies Pte Ltd (In Members' Voluntary Liquidation)(Co.Reg.No.2oolols9sZ) 3) Delta Enterprise Building Supplies Re Ltd (In Members'Voluntary Liquidation)(Co.Reg.No.l973olBlBß) 4) Dragonseas Services Pte Ltd (In Members'Voluntary Liquidation)(Co.Reg.No.2oo4l646BK) 5) Eka by Eureka Pte Ltd (In Members'Voluntary
      927 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Tax relief for firms tops wish-list for Budget 2009
      430 8  -  LYNETTE KHOO Govt urged to do more to lighten tax burden, given tight credit conditions By MORE help for companies in the form of tax relief tops the wish-list of tax experts for Budget 2009, due to be announced in January.
      430 words
    • Article
      Lock icon Singapore Flyer chairman apologises to passengers
      376 8 THE chairman of the Singapore Flyer has apologised to the 173 passengers trapped for six hours inside the world's biggest observation wheel last Tuesday. In a statement yesterday, Florian Bollen offered apologies to "all our guests for the inconvenience and discomfort they had experienced
      376 words
    • Article
      Lock icon Ocean race shore teams find S'pore facilities best
      498 8  -  VINCENT WEE By YACHT race shore support staff reckon the Singapore stopover is the best among the various ports in the Volvo Ocean Race. "The set-up here at a shipping terminal like PT3 is made for this kind of event," says Puma
      498 words
    • Article, Illustration
      Lock icon Punggol, Choa Chu Kang BTO projects launched
      345 8  -  UMA SHANKARI By THE Housing Development Board (HDB) yesterday launched two new housing projects one in Choa Chu Kang and the other in Punggol under the build-to-order (BTO) system. A total of 1,181 studio, three-room, four-room and five-room apartments are on offer. With
      345 words
    • Article, Illustration
      Lock icon Melamine-tainted biscuits exported to S'pore
      266 8 Reuters [BEIJING] More than 1,500 boxes of Chinese biscuits exported to Hong Kong and Singapore have tested positive for melamine as suspects in the protracted taint-ed-food scandal go on trial in China, local media reported on Tuesday. The scandal has battered faith in Chinese-made products
      – Reuters; REUTERS  -  266 words
    • Article
      Lock icon S'pore Tin to auction assets to repay debts
      150 8 Bloomberg [BEIJING] Yunnan Tin Co, the world's biggest producer of the metal, said assets belonging to its Singapore unit will be auctioned to repay debts. ABN Amro Inc, the largest creditor of Singapore Tin Industries Pte, will complete the sale of buildings
      Bloomberg  -  150 words
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  • ECONOMY WATCH
    • Article
      Lock icon Lehman's failure may have cost creditors up to US$75b
      338 9 Bloomberg [NEW YORK] The chief restructuring officer for Lehman Brothers Holdings estimates the firm's bankruptcy may have cost creditors as much as US$75 billion, two people familiar with the information said. Bryan Marsal, who is overseeing the bank's liquidation, said creditors
      Bloomberg  -  338 words
    • Article
      Lock icon S Korea to ramp up financial aid for banks
      636 9 Reuters They aim to tackle the crisis that could send the economy into recession [SEOUL] South Korea will ramp up the amount of financial support for banks next year to help tackle a global crisis that could send the economy into
      – Reuters  -  636 words
    • Article, Illustration
      Lock icon Oil prices seen rebounding to US$60 a barrel
      663 9 Bloomberg [LONDON] Oil futures may rebound from their worst year to average US$6O a barrel next year as Opec makes record production cuts to counter the deepest economic slump since World War 11. The forecast, the median of 33 analysts compiled by
      ■ Bloomberg; BLOOMBERG  -  663 words
    • Article
      Lock icon GCC poised to sign deal on monetary union
      381 9 Bloomberg, Reuters [KUWAIT] Members of the Gulf Cooperation Council (GCC) are poised to sign an agreement on a monetary union, similar to that of the Europe Union, by Dec 12 next year. Gulf Arab finance ministers have finalised a draft for a
      Bloomberg,; Reuters  -  381 words
    • Article
      Lock icon Fed reports reduced borrowing by banks
      347 9 -AP Investment firms also draw less; loan demand still high [WASHINGTON] Commercial banks and investment firms borrowed less from the Federal Reserve's emer-gency-lending programme last week, the government said on Monday, although demand for the loans remains high amid a global credit crunch. The
      -AP  -  347 words
    • Article
      Lock icon Jakarta plans major push to growth
      542 10 AFP Govtto unveil 12.5 trillion rupiah package in 2009 to cushion economy [JAKARTA] Indonesia will announce a 12.5 trillion rupiah (551.62 billion) package early next year to help Southeast Asia's biggest economy withstand a slowdown in global economic growth, Finance Minister Sri Mulyani Indrawati
      AFP  -  542 words
    • BRIEFLY ASIA
      • Article
        Lock icon China to tighten oversight of agencies
        78 10 Reuters [HONG KONG] China's top auditing agency will in the coming year look into how central government agencies and mainland-funded firms in Hong Kong manage state-owned assets, the South China Morning Post yesterday cited auditor-general Liu Jiayi as saying. The move was prompted by
        ■ Reuters  -  78 words
      • Article
        Lock icon RBS has no plans to sell BOC shares
        146 10 Reuters [SHANGHAI] Bank of China yesterday said that Royal Bank of Scotland, its largest foreign shareholder, had no plans yet to sell its Hong Kong-traded shares after a lock-up period expires today. "If RBS plans to sell our shares, they need to
        Reuters  -  146 words
      • Article
        Lock icon Satyam shares rise for second day
        113 10 Reuters [MUMBAI] Shares in Satyam Computer Services jumped for the second day yesterday on speculation of private equity interest and a management change, while one of its largest investors said that it could sell its stake in the outsourcer. Shares in the embattled company,
        – Reuters  -  113 words
    • Article, Illustration
      Lock icon Govt on 'holiday', Mahathir on attack
      339 10  - Govt on 'holiday Mahathir on attack S Jayasankaran Citing long holiday breaks, he wonders who's manning ship By in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad has come up with an original way to attack Prime Minister Abdullah Ahmad Badawi without even mentioning his name. Dr Mahathir continued his
      339 words
    • Article
      Lock icon Proton gets new chairman
      223 10 Bernama [KUALA LUMPUR] Proton Holdings Bhd announced yesterday the appointment of Mohd Nadzmi Mohd Salleh as its new chairman effective from Jan 1, 2009. In a statement, the national car manufacturer said that Mr Nadzmi would replace outgoing chairman Mohd Azlan Hashim, who has been in
      Bernama  -  223 words
    • Article
      Lock icon Indonesia '08 coal output up: official
      251 10 Reuters [JAKARTA] Indonesia's output of coal rose slightly this year, but production of other key commodities including copper and tin fell, the energy and mines minister said yesterday, amid a recent downturn in commodity prices. Indonesia has some of the world's largest deposits of
      Reuters  -  251 words
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      83 9 Usher in the year of the Golden Ox with Kriston's Spring Splendour Selections >r» J£ Toss to prosperity, Good Health Good Fortune with Kriston's Prosperity Yu Sheng. &j£\ 'f/ > Enjoy auspicious delicacies that symbolizes Happiness, Blessings Longevity. w) AASt^fr I »"•"> Visit www.kriston.com or call 6488 8181 fe^ toAT9£f
      83 words
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      2265 10 PSJ ETIKA INTERNATIONAL HOLDINGS LIMITED T//jm Company Registration No: *****3131Z kk (Incorporated in the Republic of Singapore) ETIKA NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Etika International Holdings Limited will be held at Hibiscus Room, Level 3, Grand Hyatt Singapore, 10 Scotts
      2,265 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Taiwan plans new trade zone to boost economy
      459 11 Reuters [TAIPEI] Taiwan is planning to set up a special zone to lure more Taiwanese-run businesses, many now in China, back home as part of its broader drive to boost the local economy, Premier Liu Chao-shiuan said yesterday. Mr Liu said the
      ■ Reuters  -  459 words
    • Article
      Lock icon HK lawmakers slam HSBC for selling Lehman bonds
      433 11 AP They feel that Europe's largest bank should protect local investors [HONG KONG] Hong Kong lawmakers slammed HSBC for helping to sell Lehman Brothers bonds in the Chinese territory, questioning if Europe's largest bank should have done more to protect local investors
      AP  -  433 words
    • Article, Illustration
      Lock icon City migrants flock back to countryside
      809 11 Reuters [CHENGDU] The biggest migration in human history has gone into reverse. China's ocean of blue-collar workers is streaming back to the country's farming hinterland, bringing thwarted aspirations and rising discontent in tow as their city jobs, their paths out of poverty, fall victim
      – Reuters; REUTERS  -  809 words
    • Article
      Lock icon HKEx delays 'blackout' plan
      194 11 Reuters [HONG KONG] Hong Kong's bourse operator, bowing to intense opposition from lawmakers and tycoons, has decided to delay a ruling that would prevent directors from dealing in company shares for an extended period. After a meeting yesterday of the listing committee of the Hong Kong
      Reuters  -  194 words
    • Article
      Lock icon New Reliance refinery could extend rally of M-E sour crude
      777 11 Reuters NEWS ANALYSIS [SINGAPORE] Middle East sour crude could extend this year's rally to reach an unprecedented parity with petrol-rich sweet grades in the coming months, as the world's biggest new refinery in a decade fires up its furnaces. Indian
      – Reuters  -  777 words
    • Article
      Lock icon China in deal to design India power plants
      252 11 Bloomberg [BEIJING] China has won contracts to design coal-fired power plants in India, Asia's third-biggest economy, as slowing domestic orders prompt companies to expand overseas. A venture by China's largest nuclear power plant builders and a construction company in the eastern province
      Bloomberg  -  252 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Landslide win for Bangladesh ex-PM Hasina
      745 12 Reuters, AP Alliance led by her Awami League wins 263 seats in 300-seat parliament [DHAKA] An alliance led by Bangladesh's former prime minister Sheikh Hasina won a massive parliamentary majority in the first election in seven years, officials said yesterday. Election Commission secretary Humayun
      Reuters, AP; AP  -  745 words
    • Article, Illustration
      Lock icon KDB ties Ssangyong aid to SAIC's help
      573 12 AP [SEOUL] Korea Development Bank (KDB) will not provide financial assistance to Ssangyong Motor unless the troubled South Korean company's Chinese parent does so first, a senior official at the bank said yesterday. In other blows for the carmaker, a local credit agency
      AP  -  573 words
    • Article
      Lock icon SEC okays updated rules for oil, gas reserves
      348 12 -AP [WASHINGTON] The Securities and Exchange Commission on Monday approved updated rules for energy companies that will require them to provide more detailed information to investors when reporting oil and gas reserves. Reserves are an oil company's most valuable asset and a
      -AP  -  348 words
    • Article
      Lock icon Thai anti-govt protesters abandon siege
      578 12 Bloomberg Baht rises 0.7%, breaking a seven-day slump [BANGKOK] Anti-govern-ment protesters abandoned their siege of Thailand's Foreign Ministry building yesterday, easing a standoff that threatened to reignite a long-running political crisis. Prime Minister Abhisit Vejjajiva and his Cabinet then left the building, where he had
      Bloomberg  -  578 words
    • Article
      Lock icon Sony cuts PS3 costs by 35% in push for profit
      306 12 Bloomberg [TOKYO] Sony Corp has reduced the cost of building the PlayStation video game console by 35 per cent, part of a push to make the division profitable and possibly paving the way for a price cut next year. The
      Bloomberg  -  306 words
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  • WORLD
    • Article, Illustration
      Lock icon BRITISH ICONS GET STAMPED
      72 13 AFP [LONDON] Several iconic British designs, such as the Concorde and the red public telephone box, have found a new home on stamps. The British Royal Mail said on Monday that the the designs, including the London Underground map, are to feature on stamps in the
      AFP  -  72 words
    • Article
      Lock icon US pumps US$6b into auto lender, General Motors
      559 13 Reuters Money to come from USs7oob Congress-approved bailout fund [WASHINGTON] The Bush administration on Monday expanded its bailout of the US car industry, saying that it was buying US$5 billion in equity in car and mortgage finance company GMAC and increasing a
      Reuters  -  559 words
    • Article, Illustration
      Lock icon Kerkorian exits Ford, selling off remaining shares
      629 13 Reuters, LAT-WP [DETROIT] Billionaire investor Kirk Kerkorian has sold off all of his remaining shares of Ford Motor, completing a retreat from a high-profile stake in the No. 2 US carmaker that cost him hundreds of millions of dollars. A spokeswoman for Mr
      Reuters,; LAT-WP  -  629 words
    • Article
      Lock icon Dow Chem may have to relook Rohm purchase
      584 13 Bloomberg Its lenders seen pressing for move to avoid USs2.6b loss [NEW YORK] Dow Chemical's lenders including Bank of America Corp, Citigroup and Morgan Stanley may press the chemicals maker to renegotiate the takeover of Rohm Haas to avoid losses on a
      Bloomberg  -  584 words
    • Article
      Lock icon Judge willing to consider wider investor relief
      693 13 AP, Bloomberg MADOFF SCANDAL Those who invested through third parties may get a break [NEW YORK] A judge presiding over civil claims filed against disgraced financier Bernard Madoff says he may be willing to consider extending relief from an investors' fund to those
      AP,; Bloomberg  -  693 words
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  • TransportHUB
    • Article, Illustration
      Lock icon A year of feast and famine
      837 14  -  VINCENT WEE Beginning on a high with the global economy powering ahead, the shipping sector is now battling a severe downturn. reports A YEAR of feast and famine is how most in the industry would describe the shipping sector's fortunes for 2008. The year
      REUTERS  -  837 words
    • Article, Illustration
      Lock icon Luxury yachtmaker Riva banks on Asian growth
      575 14  -  SAMUEL EE By LUXURY yachtmaker Riva expects to grow its sales in Asia from 10 per cent of total volume currently to 25 per cent by 2012. The Asian proportion of its global sales is growing, says Francesco Frediani, vice-president for sales and
      575 words
    • Article
      Lock icon MPA postpones extra port dues for bunker tankers
      263 14  -  VINCENT WEE By THE Maritime and Port Authority (MPA) is pushing back by a year its original schedule to introduce additional annual port dues for bunker tankers that are 16 years old and above that it had planned to introduce on Jan
      263 words
    • Article
      Lock icon Rally against Samsung over oil spill
      257 14 ■AFP [SEOUL] About 3,000 residents hit by South Korea's worst oil spill protested yesterday outside the headquarters of the Samsung group, whose vessel was blamed for causing the leakage. Fisherman and others rallied peacefully outside the building to demand greater compensation, displaying a funeral
      ■AFP  -  257 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        108 14 '000 lee 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 0.26 0.19 1.03 0.31 0.70
        108 words
      • Article
        Lock icon KLSE
        36 14 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings unch 8.65 8.45 2.39 2.33 0.05 unch unch 0.20 0.15 0.06 0.01 unch unch 0 177 392 289 51 214 0
        36 words
      • Article
        Lock icon BANGKOK
        12 14 ■oo 'recious Ship Regional Cont 10.90 6.15 -0.20 -0.20 138! 100!
        12 words
      • Article
        Lock icon HONGKONG
        12 14 '000 )ec Doil iingamas Cont 16.84 0.46 -0.16 -0.01 371 476;
        12 words
      • Article
        Lock icon PHILIPPINES
        22 14 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop unch 12.75 2.12 0.90 unch -0.25 -0.28 unch 0 38 1 240
        22 words
      • Article
        Lock icon TAIPEI
        14 14 Evergreen Marine ...15.55 :irst Steamship 31.30 /Van Hai Lines 14.65 0.05 1.60 0.45
        14 words
      • Article
        Lock icon TOKYO
        43 14 '000 )ec 'en Kawasaki Hvy Ind ..179.00 Kawasaki Kisen 412.00 Mitsubishi Hvy 395.00 Mitsui Eng&Sbldg...148.00 Mitsui Osk Lines 542.00 Nippon Express 374.00 Nippon Yusen 545.00 -2.00 7.00 3.00 1.00 -6.00 5.00 -6.00 2906 1946 8471 1700 5433 1153 3183 Source: Thomson Reuters
        43 words
    • SHIPPING
      • Article, Illustration
        Lock icon Bunkering sector senses tough times but will stay ahead
        1780 15  -  LEE HONG LIANG By SINGAPORE has once again cemented its global dominance in the bunker market, setting a new sales record for marine fuels in 2008 despite the economic slump in the last quarter. However, it hasn't been all good news
        BLOOMBERG FILE PHOTO  -  1,780 words
      • Article
        Lock icon Adieu to an awful 2008
        1313 15  -  DAVID HUGHES STRAIT TALK Seafarers' stories were mostly bad news: piracy, criminalisation, and less job security By LOOKING back over a year is always a bit tricky. You tend to forget what happened early on while still current events crowd in. And this year, perhaps
        1,313 words
    • AVIATION
      • Article
        Lock icon Tiger pulls plug on S Korean venture
        326 16 Bloomberg It cites global economic slowdown and regulatory uncertainties [SINGAPORE] Tiger Airways, the budget carrier partly owned by Singapore Airlines, cancelled plans to start a venture in South Korea, citing the global economic slowdown and regulatory uncertainties. Tiger and its partner, the Incheon
        Bloomberg  -  326 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2548 16 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
        2,548 words
      • Article, Illustration
        Lock icon SIA to fly new A330 from end March
        264 16  -  VEN SREENIVASAN Newly leased planes will be used on Australian and Japanese routes By [SINGAPORE] Singapore Airlines (SIA) will put the first of its newly leased Airbus 330-300 aircraft into service on Australian and Japanese routes from end-March 2009. The first new
        AIRBUS & SIA  -  264 words
      • Article
        Lock icon Bailout for China Eastern doubled to US$1b
        270 16 -AFP [SHANGHAI] China Eastern Airlines, which is struggling with dwindling passenger numbers, said yesterday a previously planned government cash injection would be more than doubled to over US$l billion. The country's third-larg-est carrier will receive the bailout money by selling new shares to
        -AFP  -  270 words
      • Article
        Lock icon Senai deal may not be good for MMC: investment bank
        310 16 Bernama [KUALA LUMPUR] MMC Corporation Bhd's plan to acquire Senai Airport Terminal Services Sdn Bhd (SATS) may not augur well for the company due to the massive cash outlay that will increase its gearing ratio. The group recently revised the
        – Bernama  -  310 words
    • LAND/AVIATION
      • Article, Illustration
        Lock icon Singapore COE premiums may not remain low for long
        675 17  -  SAMUEL EE The next three months would have to be a great time to buy a new car By WHO would have imagined that a cut in the COE quota could lead to a dramatic plunge in premiums? That happened in
        LAU FOOK KONG/THE STRAITS TIMES  -  675 words
      • Article, Illustration
        Lock icon Mass transit takes back seat as US states focus on roads
        708 17 Bloomberg [WASHINGTON] Missouri's plan to spend US$75O million in federal money on highways and nothing on mass transit in St Louis doesn't square with President-elect Barack Obama's vision for a revolutionary re-engineering of the nation's infrastructure. Utah would pour
        – Bloomberg; REUTERS  -  708 words
      • Article
        Lock icon Global air traffic slumps in November
        327 17 AFP [GENEVA] Struggling airlines faced more trouble in November, with passenger numbers down and freight hit by a "shocking" 13.5 per cent fall, industry group lATA said yesterday, warning of heavy losses. Profits at Asia-Pacific carriers, which saw the steepest drop in demand in
        AFP  -  327 words
      • Article
        Lock icon New focus on airport security
        677 17 NYT The US now uses more technology, better intelligence [NEW YORK] A man wearing a private security uniform with a great big badge pinned to his maroon coat provided a timely lesson in security recently at the airport in Newark, New Jersey. "It don't fit,
        NYT  -  677 words
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      162 15 SOUTH EAST ASIA AND SOUTH ASIA/ AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, the following Lines in the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that with effect from 1
      162 words
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  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      338 16 CRYPTIC CROSSWORD ACROSS 9 Woman with nothing on should be dressing! (4) 10 Football team cut nerdy boy 11 Endlessly damn despicable r^ 14 Recover about 150 before u~~^| T^ 16 Like many a horse making attempt, went out in front (7) ~T~^] 17 Old-fashioned message from a prominent LibDem
      338 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Looking back on a year of tumult
      514 18 RARELY in economic or financial history has as much turmoil been visited upon the world in a single year as has happened during 2008. To name but a few events, we have seen the collapse of one-time blue-chip institutions like Bear Stearns and
      514 words
    • Article, Illustration
      Lock icon Foreign luxury brands a tough sell in India
      1088 18  -  RINA CHANDRAN Reuters Lack of quality retail space, high import duties, red tape and piracy are among reasons By N A recent evening at a luxury Mumbai hotel, B shoppers tried on seH quined sandals and handmade moccasins at Joy Shoes, an
      ■ Reuters; REUTERS  -  1,088 words
    • Article, Illustration
      Lock icon Asia should prepare now for prospect of new crises
      741 18  -  ANTHONY ROWLEY THE BOTTOM LINE AND now for the next crisis or crises. It might seem that we have already run the full gamut of emergencies with the sub-prime crisis being followed by the collapse of financial institutions, the credit crunch
      741 words
    • Article, Illustration
      Lock icon Asia in for a hard time in 2009
      1363 19  -  NICHOLAS KWAN Liquidity is likely to get tighter but it's a sharp drop in exports across the region that will be most painful By ASIA is heading for a hard time in 2009. The region's economies are likely to get worse before
      AP  -  1,363 words
    • Article, Illustration
      Lock icon The changing state of bonuses on Wall Street
      512 19  -  ROB COX By ™HREE bankers of equal accomplishment walk into a bar for a New Year's refreshment. One orders a bottle of Dom Perignon, one a double of quintuple-distilled vodka, and the third the cheapest beer on tap. Can you guess which
      REUTERS  -  512 words
    • Letter
      Lock icon Examine issues closer to home
      96 19 LETTER TO THE EDITOR I REFER to the editorial "Racial politics still a drag Down Under" (BT, Dec 30). On the racial posturing of one country to another, it would do to examine issues closer to home. I wonder, for instance, what would be the
      96 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8482 20 Transaction date: Dec 30 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E M Cap Smil 52-wks Tel h Low Code Last Sale Vol '000) Hig Day Last Quote Div Gr Yld Net h
      8,482 words
    • Article
      Lock icon SGX CATALIST
      548 21 Hii !-wks Tel Low Code Coi Sale COOP) Hi; Low Bi Seller Cvr P/E Smil 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 2.7 1524 s Alantac 20 3.5 7814 s Albedo 17 1.5
      548 words
    • Article
      Lock icon SGX XTRANET
      658 21 52-Wk Tel High Low Code Last Sale Vol COOP) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hi. ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P5OO ***** ***** 6170 SPDRS 385 158
      658 words
    • Article
      Lock icon CLOB INTERNATIONAL
      773 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
      773 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9063 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.405/ AIGIF Spore Bond Fund/A 1.235/ 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 0.5719/ APS Komaba Global
      9,063 words
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      32 20 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. JBt ;^V 9 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. fell Internet: Http://www.audemarspiguet.com |B^^ 11 W?s >9
      32 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 22 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 29 World Index Preliminary 655.8 0.0 -42.1 -0.3 -43.6 0.4 -43.6 EAFE Preliminai 638.0 1.0 -43.1 1.2 -45.3 1.9 -45.3 Euro[ Prelim inan 891.6 1.1 -42.2 1.3 -48.3 2.0 -48.3 Pacific
      363 words
    • Article
      Lock icon PALM OIL
      64 22 Dec 30 ICE PALM FUTURES (RM/MT) lelivery Opening Sett Av lonth Range Price Price Hi Vol Open Done Position Low Ian 09 1660 :eb09 1625 Vlar 09 1625 (\prO9 1640 FotaI o/p: ***** contracts 1676 1675 1641 212 3221 1672 1670 1625 2141 ***** 1671 1671 1625 6609
      64 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 22 Dec 30 STI IIMSCI Jan 212.1 217.3 216.7 "aiwan Jan 167.5 175.5 172.7 Source: MF Global (S) He. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 22 Dec 30 SS Bid Offer 1-month 1.4425 1.4445 2 months 1.4420 1.4442 3 months 1.4417 1.4439 6-months 1.4404 1.4425 Source: OCBC
      24 words
    • Article
      Lock icon SIBOR
      77 22 Dec 30 (US$) (SS) 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12mths 2.***** 1 mth 2 mths 1.***** 0.***** 3 mths 1.***** 1.***** 6 mths 9 mths 12 mths 1.***** 1.***** 2.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs
      77 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      294 22 Dec 30 OPEN HIGH LOW SETT VOL OP/INT URODOLLAR FUTURES VlarO9 unO9 iepO9 DecO9 98.8850 98.9400 98.9100 98.7800 9762 4211 3564 1396 EUROYEN TIBOR FUTURES VlarO9 99.465 99.470 unO9 >epO9 DecO9 VlariO un10 >ep10 DedO 99.315 99.315 99.465 99.315 99.470 99.530 99.555 99.555 99.460 99.400 99.375 99.360
      294 words
    • Article
      Lock icon SICOM FUTURES
      183 22 Dec 30 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Jan 09 136.0 Feb 09 Mar 09 142.0 Apr 09 May 09 JunO9 135.5 142.0 137.5 139.0 142.0 146.5 147.0 147.5 107 12 236 699 630 966 905 895
      183 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      91 22 Dec 30 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****V 02.04.09 1-Year BY*****V 02.11.09 0.59 0.74 0.5 0.48 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A
      91 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 22 As at 9am Dec 30 Singapore dollars to one unit of foreign currency: Currencies Bid it Offer Aust dollar 0.9840 1.0180 Can dollar 1.1770 1.1920 Euro 2.0130 2.0390 NZ dollar 0.8280 0.8480 Sterlini ind 2.0760 2.1031 US dollar 1.4350 1.4530 Local dollars to 100 units of
      132 words
    • Article
      Lock icon INTERBANK RATFS
      169 22 Dec 30 fer Overnight 1-month 2-months 3-months Overnight mode: 1/2 ys$ 1/8 3/4 7/8 1 Offer par 1/2 5/8 3/4 BJd 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.40 0.70 1 40 1.60 2.10 2.40 2.50 Offer 0.10 0.30 0
      169 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 22 Dec 30 AS _CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.852 4.732 0.491 5.360 33.517 76.082 0.625 8.712 2.409 1.189 54.710 32.826 0.998 6.543 0.730 22.669 24.114 0.477 0.692 Canada 1.173 5.552 0.576 6.290
      462 words
    • Article
      Lock icon PRECIOUS METALS
      169 22 Dec 30 GOLD (USS/oz) Dec 29 Dec 30 Hong Kong London CAST BAR (S$) 881.40 868.00 882.40 869.00 Dec 26 Dec 29 845.20 879.05 847.20 881.05 Source: Thomson Reuters R Dec 30 Selling Buying GOLD BULLION COINS 6$) Selling Buying 1 oz 1413.47 1273 UBS GOLD LUNAR KINEBAR
      169 words
    • Article
      Lock icon INTERBANK CURRENCY RATES n
      159 22 Dec 30 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9971 0.9990 0.6914 0.6919 Canadian dollar 1.1701 1.1721 0.8114 0.8118 Euro 2.0319 2.0345 1.4089 1.4090 NZ dollar 0.8382 0.8406 0.5812 0.5822 Sterlini ind 2.0906 2.0938 1.4496
      159 words
    • Article
      Lock icon LONDON METALS
      68 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1475.00 1503.50 3 months 1511.00 1537.00 Copper, Grade A (US$/tonne) Cash 3 months 2866.50 2905.00 2809.50 2845.00 Lead (US$/tonne) Cash 3 months 939.00 919.00 877.00 850.00 Nickel (US$/tonne) Cash 3 months 9595.00 9700.00 9516.00 9625.00 Tin (US$/tonne) Cash 3 months *****.00
      68 words
    • Article
      Lock icon LIFFE
      66 22 Dec 29 COCOA (Btonne) Close Prev Hii ih/Low Mar 09 1770 1783 1830/1760 May 09 1755 1771 1810/1742 Jul 09 1760 1774 1805/1755 SepO9 1730 1758 1775/1769 COFFEE (US$/tonne) Close Pev High/Low Jan 09 1717 1800 1831/1717 SUGAR (US tonne) White Close Prev High/Low Mar 09 312.5 308.5 317.5/311.0
      66 words
    • Article
      Lock icon CHICAGO BOT
      104 22 Dec 29 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 938.50 951.75 976.25 930.25 Mar 09 945.50 956.50 981.00 936.00 May 09 957.25 967.50 992.00 948.00 Jul 09 968.50 978.75 1003.00 960.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 09 32.21 32.82 33.65 31.68
      104 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 22 CRUDE OIL PRODUCTS Dec 24 I 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
    • Article
      Lock icon BONDS & WARRANTS
      2383 22 BONDS WARRANTS Tel Code Company 2058 Advance Modules GrpW*****3 2036 Advance SCT Ltd W*****9 9092 Asia Environment W*****4 4481 #Asia Water Tech Ltd W*****0 3816 s Asiasons Capital Ltd W*****7 8756 Asiatic Grp (H) Ltd W*****2 4105 #AsiatravelW*****7 #Austonlntl W*****3 2878 Aztech Systems W*****6 4912 Baker Tech W*****3 Ban Joo
      2,383 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      162 22 Lgg^M^M£l^/^' Which Way for the Tra<iBthe<i°||ar;|°°k<>u'f°r: JvSjS Wp/. I^l jJ I |f^ V^ II 4% Interest rates decisions by the Federal Reserve other central banks lrA I^J II d Speeches monetary policies by policy makers A 9ainst the current backdrop of global credit crunch, KeV economic indicators like CPI, PPI,
      162 words
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      Lock icon Page 23 Advertisements Column 1
      2405 23 The Business Times Shipping Times SM KPI B-fjffffjj-ffHHffityff-fjrfWtfßlffiß f WAN HAI INTERNATIONAL PTE LTD CRN0M**********/R V^^Z .A ~_i IE IJtMgIMUBBBJbBkBwISWB BBrbBI i-" TEL*****588 (14 LINES) FAX:*****163 V _^4i Bg!_ra_EE9%__ \AM\ WAN HAI INFX Cua..,net Se^i.e Boeing, Dire<l Une (1800) *****200 A A |M^ 1 1 _™.1^»~ 11 WBW RTpftV V
      2,405 words
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      Lock icon Rich pickings amid commodity rout
      945 26 Bloomberg London-based BlueGold Capital and Clive Capital beat most hedge funds as commodity prices plunge to record low [NEW YORK] THE biggest-ever decline in commodities turned Pierre Andurand and Chris Levett into this year's heroes for investors. Mr Andurand's US$l.l billion BlueGold Capital Management LLP
      Bloomberg; AFP  -  945 words
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      Lock icon Good time to improve boards' effectiveness
      614 26 Bloomberg [NEW YORK] It was Friday, Nov 21, and Citigroup Inc's shares had plunged 51 per cent in four days. Vikram Pandit, chief executive officer of the American banking icon, with 350,000 employees and billions of dollars in souring assets, was on the phone
      Bloomberg  -  614 words
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      Lock icon The financial turmoil in perspective
      964 27  -  RICHARD URWIN With global market conditions remaining difficult, where can investors find value in 2009? By THE turmoil in financial markets has accelerated over the past couple of months, while at the same time, governments and policymakers worldwide have made extremely aggressive and creative efforts
      964 words
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      Lock icon US Bancorp eyes expansion with takeovers next year
      653 27 Reuters [NEW YORK] In any ordinary year, a 23 per cent stock price drop would hardly be something to boast about. But for Richard Davis, the chief executive of US Bancorp, now the sixth largest US bank by assets, the decline in
      – Reuters; BLOOMBERG FILE PHOTO  -  653 words
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      Lock icon US IPO market headed for hard times
      667 27 Reuters [NEW YORK] The volatility in the stock market has eased, the banking system is steadier, and the most recent initial public offering is holding up well. Despite that good news, the slow US IPO market is unlikely to rebound until at least
      Reuters  -  667 words
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      99 26 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 property equities? Are you ready to be a financial
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      10 26 TODAY'S BEbf MUSIC i r ONLY ON todivs iesi umx
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      67 28 Ba b^h -waj WfJr ft Wf¥% jm H wtxf^K d fTl^ii.Ji ]_rtj CATALUNYA ■bcnV AIR ROUTE DEVELOPMENT COMMITTEE NATIONAL TOURIST OFFICE OF SPAIN 541 Orchard Road 09-04 Liat Towers SINGAPORE *****1 Tel: 65 673 73 008 Fax: 65 673 73 173 singapore@tourspain.es Published and printed by Singapore Press Holdings Limited.
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