The Business Times, 1 January 2009

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Microfilm: NL29639
Total Pages: 25
1 25 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg %m A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Thursday, January 1,2009
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  • Article
    Lock icon GDP growth shrinks to 1.5%, focus on saving jobs
    605 1  -  ANNA TEO Prepare for tough year ahead with no quick turnaround in sight: PM Lee By/ [SINGAPORE] With the economy likely to contract further and more layoffs expected in the months ahead, Prime Minister Lee Hsien Loong has urged Singaporeans to
    605 words
  • Article
    Lock icon Goodbye '08, year of pain and big losses
    1090 1  -  LYNETTE KHOO Market cap shrinks more than 50% with several sectors in turmoil; wait for recovery begins By I [SINGAPORE] As 2008 faded from the calendar, investors were probably relieved to see the back of a nightmare year. The combined market capitalisation
    1,090 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      74 1 BizlT ANALYSIS MARKETS ART OF WAR I The PC's Hedge funds won't be Year of bubbles Zap for Sun Tzu's strategies! featherweight bout %^^J#o^ quite the same again and bonds Win an Egg Pod chair! I PAGE 24 PAGE 16 PAGE 2 PAGE 6 I D 200SDANGEROUSLY BT looks at
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  • TOP STORIES
    • Article, Illustration
      Lock icon Welcome '09, year of bubbles and bonds
      1237 2  -  TEH HOOI LING Many analysts are bracing for a sombre year but some predict a rebound By [SINGAPORE] An enormous amount of evidence suggests that humans simply can't forecast. Perhaps the indisputable evidence is right in front of us. What happened in 2008
      AP  -  1,237 words
    • Article, Illustration
      Lock icon Full disclosure of tallies will take longer
      769 2 Reuters MADOFF SCAM [NEW YORK] Confessed swindler Bernard Madoff faced a deadline yesterday to tell regulators how much he is worth and where his money and other assets are, but it will likely be a longer wait before his investors, seeking to recover
      – Reuters; AP  -  769 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Goodbye '08, year of pain and big losses
        72 2 AS 2008 faded from the calendar, investors were probably relieved to see the back of a nightmare year. The combined market capitalisation of equities here shed 50.3 per cent of its value from $790.34 billion at end-2007 to $393.04 billion yesterday as
        72 words
      • Article
        Lock icon S'pore GDP growth shrinks to 1.5%
        86 2 WITH the economy likely to contract further and more layoffs expected in the months ahead, Prime Minister Lee Hsien Loong has urged Singaporeans to brace for a difficult 2009, especially the first half. GDP growth plunged to just 1.5 per cent in 2008 down
        86 words
      • Article
        Lock icon Welcome '09, year of bubbles and bonds
        86 2 AN enormous amount of evidence suggests that humans simply can't forecast. Perhaps the indisputable evidence is right in front of us. What happened in 2008 was beyond the wildest expectations of most of the market participants. Still, investors like to know what the
        86 words
      • Article
        Lock icon Nervous Wall Street approaches 2009 with caution
        99 2 AS one of the toughest and most tumultuous years in decades for US stocks limps to an end, stock analysts, market strategists and investment managers are doing their best to lift their eyes away from the wreckage on the ground that has produced
        99 words
      • Article
        Lock icon Cosco shares dive on FY08 profit warning
        84 2 COSCO Corporation (Singapore)'s warning of lower 2008 profits which it issued on the penultimate day of a year in which Chinese shipbuilders have gone from hero to zero sent its shares diving yesterday. The stock fell eight cents or 7.8 per cent to
        84 words
      • Article
        Lock icon Orchard Rd rents fall 1.9% in Q4: CBRE
        76 2 PRIME Orchard Road rents fell 1.9 per cent quarter on quarter to an average of $36.10 per sq ft per month in Q4 2008, property firm CB Richard Ellis said yesterday. It is the first time these rents have headed south since
        76 words
      • Article
        Lock icon Ringgit records first annual decline in four years
        64 2 MALAYSIA'S ringgit recorded its first annual loss in four years as the credit crunch worldwide and the global economic slump hurt the nation's exports and kept foreign investors wary of risk. The currency dropped 4.6 per cent against the US dollar last
        64 words
      • Article
        Lock icon Door closing on Asia-West fuel arbitrage?
        106 2 THE days may be numbered for Asian refiners and oil traders who have long profited from intermittent arbitrage for selling surplus regional motor fuel cargoes into Western markets. Reliance, India's biggest private company commissioned its new 580,000 barrels per day Jamnagar refinery last week,
        106 words
      • Article
        Lock icon Lockheed, Boeing eye cybersecurity market
        62 2 LOCKHEED Martin Corp and Boeing, the world's biggest defence companies, are deploying forces and resources to a new battlefield: cyberspace. As the US government increases spending for protection against computer attacks, new units of these military contractors are aiming to capture a share of a
        62 words
    • Article, Illustration
      Lock icon Nervous Wall Street approaches 2009 with caution
      1232 3  -  ANDREW MARKS Most analysts forecast that stocks will end 2009 higher but not by much By in New York AS one of the toughest and most tumultuous years in decades for US stocks limps to an end, stock analysts, market strategists and investment
      AP; BLOOMBERG  -  1,232 words
    • Article
      Lock icon Banks wake up to shadow of risk: study
      397 3  -  EMILYN YAP But a robust system seems to be some way off for most By [SINGAPORE] The financial crisis is forcing global banks to acknowledge the importance of having a risk-aware culture. While they are taking steps to improve risk management however,
      397 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Cosco shares dive on FYOB profit warning
      677 4  -  VINCENT WEE It falls 7.8% to 95tf, less than a fifth of its year-high price of $5.87 in January By\ COSCO Corporation (Singapore)^ warning of lower 2008 profits which it issued on the penultimate day of a year in which Chinese shipbuilders have
      FILE PHOTO  -  677 words
    • Article
      Lock icon Fireworks at Alphomega AGM, ex-CEO voted out
      581 4  -  JAMIE LEE By THERE were New Year's Eve fireworks of a different sort at the annual general meeting (AGM) for suspended OTC-list-ing Alphomega Research Group held yesterday. Two directors former chief executive officer Tan Choon Yong and his wife Perlyn Sim were removed
      581 words
    • Article
      Lock icon China Jishan buys textile company for 100m yuan
      327 4  -  TEH SHI NING Aim is to expand capacity for local and overseas market Byl PRINT and dye specialist China Jishan Holdings is acquiring a Zhejiang textile company for 100 million yuan (5521.2 million) following a successful auction bid. China Jishan said that
      327 words
    • Article
      Lock icon MP Reit changes name to Starhill Global Reit
      298 4  -  ONG BOON KIAT By MACQUARIE Prime Real Estate Investment Trust (MP Reit) yesterday began a new chapter under the new name of Starhill Global Reit. The name change was formalised following yesterday's completion of the acquisition by Malaysian conglomerate YTL Corp of
      298 words
    • COMPANY BRIEFS
      • Article
        Lock icon Two Asia Water exec directors step down
        63 4 ASIA Water Technology announced yesterday that executive directors Wang Peigang and Wang Yaoyu have stepped down. The cessation of the employment is "pursuant to terms of the service agreement" and "due to the company's internal cost reduction and restructuring initiatives to enhance competitiveness,
        63 words
      • Article
        Lock icon Golden Agri appoints independent director
        28 4 GOLDEN Agri-Resources has appointed William Chung Nien Chin as an independent non-executive director in place of Marie Joseph Raymond Lamusse, who has resigned.
        28 words
      • Article
        Lock icon Rotary Engineering CFO resigns
        50 4 ROTARY Engineering said chief financial officer Alex Goh Shaw Peng has resigned. His last day of service will be Jan 31, 2009. The reason for the resignation is due to Mr Goh's "retirement from mainstream oil and gas industry to pursue career interest in other fields".
        50 words
      • Article
        Lock icon Karin unit increases stake in Take Talent
        47 4 KARIN Technology Holdings, an IT and components solutions and services provider in Hong Kong and China, said that wholly owned subsidiary Karin Technology (BVI)" has increased its stake in Take Talent Investments from 70 per cent to 75 per cent.
        47 words
    • Article, Illustration
      Lock icon Koh Boon Hwee named YHS director
      257 4  -  KALPANA RASHIWALA By YEO Hiap Seng (YHS), controlled by property tycoon Ng Teng Fong, has appointed Koh Boon Hwee a non-executive director. Mr Koh, 58, is also chairman of Singapore-listed DBS Group and Sunningdale Tech. He also sits on the boards of Temasek Holdings
      FILE PHOTO  -  257 words
    • Article
      Lock icon Buyer beware and seller beware too
      668 4  -  R SIVANITHY AS A dismal 2008 rolls to a close, it's customary for us to draw up a wish-list for the new year. Last year, our list focused mainly on disclosure, particularly with regard to IPO prospectuses, short-selling positions and structured warrants. Some of
      668 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI suffers 'window-undressing'
      601 5  -  R SIVANITHY STOCKS Most analysts expect a difficult year ahead with much uncertainty shrouding the economic outlook IN YESTERDAY'S report on the penultimate session for the year we pondered the possibility that the Straits Times Index (STI) might be "win-dow-undressed" instead of enjoy the widely-expected "win-dow-dressing" on
      : Bloomberg  -  601 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      95 5 Up Down Unch Up Down Unch Up Down Unch lulti Ind 7 5 3 0 0 0 7 5 3 lanufacturing 49 39 43 12 51 42 55 Commerce 18 14 15 20 17 15 'pt/Stor/Comms 15 10 15 :inance 15 10 15 10 Construction 10 'roperties
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      111 5 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 11,885 11,885 29,960 29,960 lanufacturing 118,442 5,418 123,860 72,520 277 72,796 lommerce 32,306 2,822 35,128 26,866 470 27,336 'pt/Stor/Comms 69,722 30 69,752 111,657 111,658 :i nance 19,178 19,178 139,053 139,053 lonstruction 5,953 2,224 8,177 423 31 454 'roperties 34,021
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      103 5 lapitaLand 3.110 +0.030 Noble Grp 1.020 -0.030 lapitaMall 1.590 -0.050 OCBCBk 4.990 -0.050 jtyDev 6.370 +0.050 Olam 1.150 -0.020 losco Corp 0.950 -0.080 S IA 11.260 -0.080 IBS Grp 8.420 -0.010 SGX 5.080 -0.060 :&N 2.950 +0.020 SIAEngg 2.000 -0.010 ient Intl 0.450 SPH 3.110 -0.020
      103 words
    • Article
      Lock icon BROKERS' TAKE
      970 5  -  CONRAD TAN Indofood Agri Resources Dec 31 close: $0.53 DMG Partners Securities, Dec 31 COOKING oil selling prices easing: An update with management uncovers that Indofood Agri Resources' (IFAR's) selling prices of cooking oil and fats in Indonesia have been revised downwards by 10-15 per cent on average,
      970 words
    • Article, Illustration
      Lock icon Euro steady against US dollar, pound
      423 5 -AFP CURRENCIES [SINGAPORE] The euro held steady against the US dollar yesterday and remained within sight of parity with the pound on the last trading day of the year. The euro bought 1.4073 dollars in Asian afternoon trade, up a fraction from 1.4068 late
      -AFP; BLOOMBERG  -  423 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 5 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      55 5 CLOSE IT OB/OS 189.00 +19.0C IT CADI -*****.00+12.01 IT 10-day MA -*****.00+19.01 TSE ST Mid Cap 357.54 -2.8: TSE ST Small Cap 296.41 +0.41 TSE ST All Share 422.59 -2.1 TSE ST China Top 185.43 -1.3: TSE ST China 185.91 -2.1 IOB Catalist 76.65 +0.6 iMSCI 214.09
      55 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 5 VOLUME Cosco Corp 29,878,000 Golden Agri 21,837,000 Sing Tel 20,566,000 Bio-Treat 17,003,000 Midas 12,693,000 Straits Asia 10,513,000 Kingboard 10,173,000 Gent Intl 9,642,000 Noble Grp 9,292,000 Capita Land 8,752,000 VALUE(S) Sing Tel 52,314,830 DBS Grp 49,187,780 UOB 40,521,240 Cosco Corp 29,185,300 OCBC Bk 27,933,760 Capita Land 27,421,170 SGX
      61 words
    • Article
      Lock icon RISES
      105 5 CLOSE UP ISH 1040 100.7 7.2 iBS Bk6% NCPS 10 9598 38.0 0.. China H 10US$ 1037 28.8 2: :iMBAsean40 100US$ 515 25.9 3.' Korea 10US$ 243 13.0 3.: lUE 1220 12.0 1.' ioodi W*****6 12 10.0 500.' ISMSCI India 100 350 7.2 1.. IS Enen 99 7.0 7.'
      105 words
    • Article
      Lock icon FALLS
      116 5 CLOSE DOWN 900 -57.0 -6.0 ;txpo ioo LD 10US 8522 -25.9 -0.2 lardine C&C 950 -18.0 -1.9 HKLand 248 -13.0 -3.5 Kej Cor| 433 -9.0 -2.0 At NCCPS 124 -8.0 -6.1 iosco Con 95 -8.0 -7.8 I A 1126 -8.0 -0.7 >BSTransit 170 -8.0 -4.5 UOB 1292 -8.0 -0.6
      116 words
    • Article
      Lock icon CURRENCIES
      83 5 iere« S$ stands Dec 31 %CHNG CLOSE FRD«30 YR2008 S$ LOW S$ HIGH ISS 1.4385 0.33 1.5346 1.3457 iuro 2.0261 0.86 2.2064 1.8640 'ounds 2.0779 0.63 2.8431 2.0663® 0.9959 0.28 1.3251 0.9068 ren* 1.5939 0.38 1.6899 1.2619 lupiah* 0.***** 0.33 0.***** 0.***** !aht* 4.1420 0.18 4.4299 4.0190 'eso* 3.0221
      83 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Orchard Rd rents fall 1.9% in Q4: CBRE
      432 6  -  UMA SHANKARI This is the first time these rents have headed south since Q4 2003 By PRIME Orchard Road rents fell 1.9 per cent quar-ter-on-quarter to an average of $36.10 per sq ft per month (psf pm) in Q4 2008, property firm
      CB Richard Ellis  -  432 words
    • Article, Illustration
      Lock icon Welcoming new year with love and hope
      242 6  -  ARTHUR LEE By "EVERYONE is saying 2009 will be another difficult year but, without hope, you cannot go through the year," said Seong Koon Wah Sun, a director of Love the World Bistro and bar, the week-old tenant at the Singapore Flyer. Together
      ARTHUR LEE  -  242 words
    • Article, Illustration
      Lock icon Visitors drop but locals spend on F&B
      855 6  -  NISHA RAMCHANDANI By THIS year will be challenging for Singapore's tourism industry, as falling visitor numbers and weaker discretionary spending continue to take a toll. But fortunately, things are not all gloom and doom. Mid-price food and beverage (F&B) outlets and clubs are
      855 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      75 6 ZAP lE9P EGG POD CHAIR WORTH $1,099 The famous "A Room Within A Room" concept originally designed by Eero Aarnio in 1996 with white exterior A red interior cushioned B wall that is H upholstered in fabric Durable stylish V I fiberglass shell Swivels 360 degrees Removable interior cushions for
      75 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      40 6 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists The diverse experience of some of the mo; influential thinke corporate chiefs Jr and social .mBI activists of v| Jim m W*\% RafflesConversatJ^' AcollectionfromThe Business Times \\\\V\%.\ V\%. Availableatallleadingbookstores \\\-\\%\W
      40 words
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  • PM LEE'S NEW YEAR MESSAGE
    • Article, Illustration
      Lock icon Together, S'pore can pull through come what may
      1884 7 PM Lee stresses need to meet current financial and economic crisis or any security threat that emerges as one nation 2008 has been an eventful and challenging year. The world is entering the most serious economic crisis in sixty years. The global
      FILE PHOTOS; FILE PHOTO  -  1,884 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Fresh Jakarta fiscal plans to boost economy likely
      555 8 Reuters Govt aims to issue global bonds in 2009 after putting debt issues on hold [JAKARTA] The Indonesian government was likely to announce more fiscal plans yesterday to help Southeast Asia's biggest economy withstand the global economic slump, which it may fund
      ■ Reuters; REUTERS  -  555 words
    • Article
      Lock icon Ringgit heads for first annual decline in four years
      568 8 Bloomberg Credit crunch, global slump hurt Malaysia's exports [SINGAPORE] Malaysia's ringgit headed for its first annual loss in four years as the credit crunch worldwide and the global economic slump hurt the nation's exports and kept foreign investors wary of risk.
      – Bloomberg  -  568 words
    • Article
      Lock icon IVTsia current account surplus up 4.5% in Q3
      312 8  -  S JAYASANKARAN But services account posts deficit for first time in years By in Kuala Lumpur MALAYSIA'S current account surplus rose a marginal 4.5 per cent to RM38.7 billion (Ssl6 billion) in the third quarter (July to September) of the year, according
      312 words
    • Article
      Lock icon Indonesian ex-agent acquitted of activist's murder
      291 8 Reuters [JAKARTA] An Indonesian court yesterday acquitted a former intelligence official of the murder of a prominent rights activist, in a case which was seen as a key test of state accountability and commitment to the rule of law. Muchdi Purwoprandjono, a former deputy
      – Reuters  -  291 words
    • Article, Illustration
      Lock icon M'sia steel industry sees recovery in 2nd half of 2009
      748 8 [PETALING JAVA] A recovery in the local steel sector is likely to happen in the second half of 2009 once the current high inventory level subsides, reports Starßiz quoting Malaysian Iron and Steel Industry Federation (Misif) president Chow Chong Long.
      BLOOMBERG  -  748 words
  • Page 8 Advertisements
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Door closing on Asia-West fuel arbitrage?
      917 9 Reuters NEWS ANALYSIS Supply flows may be upset once new Reliance refinery begins exporting motor fuel [SINGAPORE] The days may be numbered for Asian refiners and oil traders who have long profited from intermittent arbitrage for selling surplus regional motor fuel cargoes into Western
      – Reuters  -  917 words
    • Article, Illustration
      Lock icon Beijing takes fresh aim at graft in new year
      688 9 Cut out the illegal business deals, officials warned [HONG KONG] It has become one of the New Year traditions in the New China: a stern, old-school warning from the Communist Party about corruption. The party's Central Commission for Discipline Inspection issued
      XINHUA  -  688 words
    • Article
      Lock icon Satyam surges on talk of stake sale
      275 9 Reuters [MUMBAI] Shares in Satyam Computer Services jumped for the third day on Wednesday on speculation of private equity interest and a management change, while one of its largest investors said it could sell its stake in the outsourcer. Shares in the embattled
      Reuters  -  275 words
    • Article
      Lock icon HK to scrap extension of directors trading ban
      507 9 Bloomberg Legislative Council voted 8 to 5 in favour of scrapping [HONG KONG] Hong Kong lawmakers passed a motion asking the stock exchange to scrap the extension of a ban on directors trading shares before a company's earnings, just two days before
      – Bloomberg  -  507 words
    • Article
      Lock icon China testing safety of melamine tableware
      290 9 Reuters Move after reports that they may be harmful when hot [BEIJING] China, fighting a health scandal over melamine found in milk and other food products, now says that it is investigating melamine tableware, following reports that they may be harmful to health when
      Reuters  -  290 words
  • Page 9 Advertisements
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Bank failures not due to fair value rule: SEC
      630 10 Reuters, Bloomberg It calls for more guidance on how to determine fair value of an asset when markets become inactive [WASHINGTON] The controversial accounting rule used to value hard-to-price assets underlying the US housing crisis was not a major factor in
      – Reuters, Bloomberg  -  630 words
    • Article, Illustration
      Lock icon US had to fight crisis without right tools: Paulson
      389 10 Reuters [SINGAPORE] Outgoing US Treasury Secretary Hank Paulson said that the US government had to battle the financial crisis without the tools needed to do the job effectively, the Financial Times newspaper reported yesterday. He also said that any future regulatory
      – Reuters; AFP  -  389 words
    • Article
      Lock icon Fed to start buying mortgage securities
      357 10 AP, Bloomberg Blackßock, Goldman among managers to run USssoob plan [WASHINGTON] The Federal Reserve will begin purchasing up to US$5OO billion in mortgage-backed securities early this month in an effort to bolster the long-suffering housing market. It also announced that Blackßock Inc, Goldman Sachs
      AP, Bloomberg  -  357 words
    • Article
      Lock icon Gulf leaders ink monetary union deal
      495 10 Reuters [MUSCAT, Oman] Gulf leaders signed a long-awai-ted monetary union deal on Tuesday, but failed to decide on the contested location of the regional central bank, placing another hurdle before a project beset by obstacles for years. While Saudi Arabia, Kuwait, Qatar, the United
      Reuters  -  495 words
    • Article
      Lock icon GMAC eases financing criteria after cash injection
      379 10 -NYT [WASHINGTON] GMAC, the car financing company, said on Tuesday that it would immediately resume financing to a wider range of car buyers, a day after the Treasury Department injected billions of dollars into the lender. GMAC said in a statement that it
      -NYT  -  379 words
    • Article, Illustration
      Lock icon Thai protesters take a break for new year
      612 10 -AP.AFP [BANGKOK] Thailand's year of almost relentless protests ended on New Year's Eve, bringing hopes of calmer political waters in 2009 as demonstrators suspended their siege of Parliament. Thousands of loyalists of ousted prime minister Thaksin Shinawatra walked away from protest sites
      -AP.AFP; AP  -  612 words
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  • SINGAPORE STOCKS
    • Article, Illustration
      Lock icon Blue chips seen as front-runners of recovery
      951 11 Despite being hurt in 2008, many are in good shape with strong balance sheets, reports LYNETTE KHOO DESPITE the flight to safety by investors, blue chips typically viewed as defensive stocks took a beating amid 2008's broad market sell-off. But analysts believe that
      BLOOMBERG  -  951 words
    • Article
      Lock icon S-chips bear brunt of battering
      901 11  -  LYNETTE KHOO Many companies with China links now trading at a fraction of their old value By NEGATIVE news emanating from troubled firms spooked market sentiment, leading their shares to be sold off. Many of them have seen their share prices beaten down to just
      901 words
    • Article, Illustration
      Lock icon 2008: A YEAR OF FAILLING DANGERSOUSLY
      2036 12 BLOOMBERG, AP, REUTERS BLOOMBERG LUDWIG ILIO ■MiiM WHAT was the central theme in 2008 when the Straits Times Index lost 49.2 per cent over the 12 months? Inflation? For the first six months, yes. But not once the oil and commodity bubble burst in
      BLOOMBERG, AP, REUTERS; BLOOMBERG; LUDWIG ILIO  -  2,036 words
    • Article
      Lock icon Ranking of Singapore companies by market capitalisation
      4347 13 RANK RANK COMPANY DEC 31 DEC 31 2008 2007 MKT CAP CHNG (S$M) FROM DEC 31 DEC 31 2008 2007 1 1 SingTel 2 4 UOB 3 3 DBS Grp 4 2 Wilmar 5 6 Jardine Matheson 6 7 Jardine Strategic 7 5
      4,347 words
    • Article
      Lock icon SGX CATALIST
      560 18 52-wks Tel |h Low Code Last Sale Vol COOP) Hi! Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E MCap $mil Hii Coi 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
      560 words
    • Article
      Lock icon SGX XTRANET
      655 18 52-Wk Tel Hiqh Low Code Last Sale Vol Cooo) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _Hm ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 385 158
      655 words
    • Article
      Lock icon CLOB INTERNATIONAL
      756 18 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
      756 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8716 18 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.406/ AIGIF Spore Bond Fund/A 1.218/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.6/ APS Alpha Fund (USD)!** 0.41/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5728/ APS Komaba Global
      8,716 words
    • Article
      Lock icon SGX MAINBOARD
      8491 17 Transaction date: Dec 31 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 11.5 3 3148 STelecom 17 3 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30.5 12 5000
      8,491 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      99 11 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
      99 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Lockheed, Boeing eye cybersecurity market
      606 14 Bloomberg As US govt steps up network protection, market could grow toUSsllbby2ol3 [WASHINGTON] Lockheed Martin Corp and Boeing, the world's biggest defence companies, are deploying forces and resources to a new battlefield: cyberspace. As the US government increases spending for protection against computer attacks, new
      Bloomberg  -  606 words
    • Article
      Lock icon Airbus makes 12th A380 delivery for 2008
      309 14 Bloomberg [TOULOUSE, France] Airbus SAS, the world's largest maker of commercial aircraft, handed over an A3BO superjumbo to Emirates airline, achieving a goal of delivering 12 of the model to customers in 2008. The plane is Emirates' fourth to enter service, Toulouse, France-based
      – Bloomberg  -  309 words
    • Article
      Lock icon Boeing wins Us$397.9m contract
      137 14 Bloomberg [WASHINGTON] Boeing Co, the sec-ond-largest US defence contractor, received a U*****.9 million contract from the Pentagon's Missile Defense Agency to continue development of the Ground-Based Midcourse Missile Defense programme. Work on the contract will be performed between January and June 2009, the US Defense Department
      – Bloomberg  -  137 words
    • Article
      Lock icon Rotterdam's cargo volume may drop this year
      241 14 Reuters [AMSTERDAM] Cargo volumes at Europe's biggest port, Rotterdam, are expected to shrink by between 5 and 8 per cent this year, the port said on Tuesday even as it reported record volumes for 2008. Cargo volumes of Rotterdam port a major transit
      – Reuters  -  241 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2623 14 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), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,623 words
    • Article, Illustration
      Lock icon Biofuel helps power NZ jet in test flight
      482 14 ■AP [WELLINGTON] Air New Zealand has tested a passenger jet powered partially with oil from a plum-sized fruit known as jatropha, in efforts to reduce its carbon footprint and cut its fuel bill. With its test flight on Tuesday, the airline became
      ■AP; AP  -  482 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Lock icon Page 14 Miscellaneous Column 1
      335 14 CRYPTIC CROSSWORD ACROSS r^-^-i 12 What to do if lady is blue or H BL—BBL—H H_|H M_^HL_ 15 Old brown way out astro- B^BB^T I I I IHB WU nomical instrument (7) __|^B|__|H I I BLJML— 17 Stare at Georgia and Jim, say P^^B I land! (4) M H^ 19
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  • EDITORIAL & OPINION
    • Article
      Lock icon Expect formidable challenges in 2009
      497 15 THE old year brought a sharp decline in economic fortunes and a shattering of illusions in Asia. The year ahead will also pose formidable challenges. Depending on how these are dealt with, 2009 could prove either to be a time in which Asia emerges as
      497 words
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      Lock icon Hedge funds won't be quite the same again
      916 15  -  RICHARD BEALES After the bruising shakeout of 2008, the survivors face a new world with new rules By HEDGE funds suffered a shakeout in 2008. The average hedge fund fell almost 20 per cent, according to Hedge Fund Research. No fund has
      REUTERS  -  916 words
    • Article, Illustration
      Lock icon Obama needs to give more attention to China ties
      774 15  -  FRANK CHING THE BOTTOM LINE US President-elect Barack Obama, asked about his foreign policy priorities when named Person of the Year by Time magazine, listed nuclear proliferation, climate change and global poverty as well as Iraq, Afghanistan, Iran, the transatlantic alliance,
      774 words
    • Article, Illustration
      Lock icon Ease tax rules to boost M&A activity
      1176 16  -  CHRIS WOO LIM CHIN CHIN Singapore should look to reform existing rules and allow tax deduction for interest costs to attract more deals By and MERGER and acquisition (M&A) activities have overall ebbed in 2008 with credit constraints, volatile equity markets and weak
      FILE PHOTO  -  1,176 words
    • Article, Illustration
      Lock icon It's time to end our trust in central bankers
      902 16  -  WILLIAM PESEK JR Bloomberg IF ONLY we listened to William Greider 20 years ago. Mr Greider's book Secrets of the Temple: How the Federal Reserve Runs the Country has long irked Fed staffers. His thesis was that the central bank's power
      – Bloomberg; AFP  -  902 words
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  • Page 17 Advertisements
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      32 17 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB W& 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. 1 M Internet: Http://www.audemarspiguet.com m I j Sjß^jß
      32 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      370 19 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Dec 30 World Index Preliminary 669.0 1.5 -40.9 1.2 -42.6 1.2 -42.1 EAFE Preliminai 647.2 1.4 -42.2 0.8 -44.8 0.8 -44.1 Euroi Prelim inan 909.1
      370 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      131 19 As at 9am Dec 31 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9810 1.0130 .an dollar 1.1740 1.1890 Euro 2.0190 2.0430 NZ dollar 0.8230 0.8410 iterlini ind 2.0650 2.0881 US dollar 1.4290 1.4460 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      178 19 Dec 31 $S Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/4 ys$ 1/16 3/4 7/8 1 Offer ??1 5/8 3/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.50 0.70 1.40 1.60 2.10 2 40 2.50 Offer 0.20 0.40
      178 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 19 Dec 31 ten Hii Sett STI IIMSCI Jan 218.9 219.6 218.8 "aiwan Jan 174.6 175.2 174.4 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 19 Dec 31 Bid Offer -month 1.4388 1.4405 months 1.4385 1.4404 months 1.4384 1.4403 >-months 1.4369 1.4388 Source: OCBC
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    • Article
      Lock icon PALM OIL
      57 19 Dec 30 lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low Ian 09 1660 :eb09 1625 VlarO9 1625 (\prO9 1640 FotaI o/p: ***** contracts 1676 1675 1641 212 1672 1670 1625 2141 1671 1671 1625 6609 1670 1670 1637 1014 Turnover: ***** lots
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      293 19 Dec 30 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.8850 98.9400 98.9100 98.7800 9762 4211 3564 1396 EUROYEN TIBOR FUTURES MarO9 99.465 99.470 JunO9 SepO9 DecO9 Mar10 Jun10 Sep10 Dec10 99.315 99.315 99.465 99.315 99.470 99.530 99.555 99.555 99.460 99.400 99.375 99.360
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    • Article
      Lock icon SICOM FUTURES
      184 19 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
      184 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 19 Dec 31 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 0.57 0.74 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000
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    • Article
      Lock icon CHICAGO BOT
      104 19 Dec 30 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 945.75 938.50 951.00 931.50 Mar 09 953.00 945.50 957.50 938.50 May 09 964.75 957.25 969.00 948.00 Jul 09 976.25 968.50 980.50 962.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Ian 09 32.11 32.21 33.02 31.76
      104 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 19 CRUDE OIL PRODUCTS Dec 30 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 39.09 1.06 WTI (Near Mth) 39.19 -0.72 Dubai (1-Mth F) 38.13 -0.99 Tapis blend 40.60 -1.15 Minas 36.10 -1.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 31.81 55.80 unch unch US$/barrel Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      446 19 Dec 31 iuro 'en (on 'eso lam 'ouni Australia 0.844 4.727 0.492 5.370 33.596 75.867 0.626 8.727 2.401 1.197 54.458 32.980 0.997 6.493 0.733 22.720 24.063 0.480 0.693 Canada 1.184 5.597 0.583 6.358 39.783 89.839 0.741 10.334 2.843 1.417 64.487 39.053 1.181 7.688 0.868 26.904 28.494 0.568
      446 words
    • Article
      Lock icon SIBOR
      78 19 SWAP Offer rates (Ss) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** Dec 31 6mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** syrs 1.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 2.***** 15 yrs 2.***** Source:
      78 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 19 Dec 31 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9964 0.9981 0.6926 0.6931 Canadian dollar 1.1801 1.1817 0.8203 0.8206 Euro 2.0254 2.0284 1.4079 1.4086 NZ dollar 0.8324 0.8340 0.5786 0.5792 Sterlini md 2.0771 2.0799 1.4438 1.4444
      157 words
    • Article
      Lock icon PRECIOUS METALS
      140 19 Dec 31 GOLD (USS/oz) Dec 31 Dec 30 Hong Kong London 867.50 868.00 868.50 869.00 Dec 30 Dec 29 870.45 879.05 872.45 881.05 Source: Thomson Reuters CAST BAR (S$) Dec 31 Buyinq Sellinc Kilobar "43,045.03" ***** PAMP GOLD BARS (S$) Sellinq Buying Igm 5gm lOgrn 20gm 50gm lOOgrn
      140 words
    • Article
      Lock icon LONDON METALS
      61 19 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1460.80 months 1495.00 1475.00 1511.00 Copper, Grade A (US$/tonne) :ash months 2882.50 2915.00 2866.50 2905.00 .ead (US$/tonne) :ash months 976.00 955.00 939.00 919.00 lickel (US$/tonne) :ash months *****.00 *****.00 9595.00 9700.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 9775.00 inc, Special
      61 words
    • Article
      Lock icon LIFFE
      66 19 Dec 30 :OCOA (Otonne) Close Prev Hii ih/Low Mar 09 1774 1770 1786/1753 May 09 1760 1755 1770/1745 Jul 09 1762 1760 1770/1750 SepO9 1745 1730 1745/1720 COFFEE (US$/tonne) Close Pev High/Low Jan 09 1765 1717 1850/1720 SUGAR (US tonne) White Close Prev High/Low Mar 09 316.0 312.5 316.1/311.2
      66 words
    • Article
      Lock icon BONDS & WARRANTS
      2367 19 BONDS WARRANTS Fel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left >058 Advance Modules GrpW*****3 6 susp 1 17 156 1.50 44 >036 Advance SCT Ltd W*****9 0.5 1 1358 12.00 20 5092 Asia Environment W*****4 2 1 38 281 5.25 8
      2,367 words
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      3460 20 m The Business Times uum Shipping Times A M^M KPI SEE Sfflfl fc 11 WAN HAI INTERNATIONAL PTE LTD CR NO: **********0/R U ■A'r.^ K%k£ mil 1% A ■■■>»■ ■>.■■■«• TEL *****588 (14 LINES) FAX: *****163 1 M\f ■P^T T^^^^^B HV ■§K2i]3i IfllSSsilTC I\AM I WAN HAI INFx Customer Servke/Bookings
      3,460 words
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      2610 21 I^l S! irf?l EASTERN CAR LINER, LTD II _*_-■-«*■*-;itmii._M ~_H Uf—-_— i SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS MJUHmjlllliiiM llllllll^'riillllll^^^^M I II inKKT) I Lillinq(KT) I MUA I MNL I SIN I PKL I KB I )KT I VOY !l![ID DISIiHtiON PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      2654 22 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • BizIT
    • Article
      Lock icon Fresh challenges for IT security
      869 23 Virtualisation, Web 2.0 to cut costs but will expose new vulnerabilities, reports AMIT ROY CHOUDHURY AS SINGAPORE companies start to use computer tools such as virtualisation and Web 2.0 to cut costs in 2009, they will be exposed to new security threats that will have
      869 words
    • Article, Illustration
      Lock icon 2008: Year of the PC industry's featherweight bout
      765 23  -  WINSTON CHAI By 2008 will go down as the year the ultra-portable personal computer (UMPC) became a mainstream item in Singapore. But its rising popularity could create fresh challenges for an industry already confronted by thinning margins and cut-throat competition. In the
      765 words
    • Article
      Lock icon The tech answer to financial sector woes
      969 23  -  > RAVI RAJENDRAN <you say> While the sector's problems are formidable, tech solutions are there to solve them By HE fast-changing dynamics of the financial services secItor has the power to make or break the economy. The Asia-Pacific financial services industry is a
      969 words
    • Article
      Lock icon Cisco aims to expand from the office to the home
      177 23 NYT [WASHINGTON] Your plumber would like to take you dancing. Cisco Systems, the dominant provider of the digital pipes that run the Internet, is making a big play in digital entertainment. At the Consumer Electronics Show in January in Las
      NYT  -  177 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Era of uncertainty for Gulf's boomtown Dubai
      882 24 -AP Anxiety overtakes optimism as fallout from credit crisis hits people, businesses [DUBAI] The skyscrapers here have not stopped rising, and planeloads of hopeful migrant workers still fill a gleaming new airport terminal in the centre of this modern Gulf metropolis. The arrival
      -AP; BLOOMBERG  -  882 words
    • Article, Illustration
      Lock icon Rio's City of Music project hits discordant notes
      926 24 Reuters [RIO DE JANEIRO] At first glance, the "City of Music" appears to be in perfect harmony with Rio de Janeiro, Brazil's lyrical capital of Carnival. The soaring wings of the concert theatre, one of the most ambitious architecture projects since the
      – Reuters; REUTERS  -  926 words
    • Article, Illustration
      Lock icon Slide in US house prices hits record pace
      731 25 Bloomberg Record 18% fall in October in key cities was sharper than forecast [NEW YORK] Home prices in 20 major US cities declined at the fastest rate on record, depressed by mounting foreclosures and slumping sales. The S&P/Case-Shiller index declined 18 per
      Bloomberg; BLOOMBERG  -  731 words
    • Article, Illustration
      Lock icon Financial crisis kills Ukraine building boom
      1071 25 Reuters Outlook is bleak with high job losses, bankruptcies +[KIEV] Dozens of unfinished buildings dot the Kiev skyline, their abandoned hulks embodying the damage that the world's financial crisis has inflicted on Ukraine. Silent building sites point to the end of a golden era
      – Reuters; REUTERS  -  1,071 words
    • Article
      Lock icon England, Wales home prices dip in Nov
      226 25 ■AP [LONDON] More bad news for Britain's ailing housing market came out on Tuesday, as government figures showed that house prices in England and Wales fell by 12.2 per cent in November compared to the same month a year ago the biggest drop
      ■AP  -  226 words
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      Lock icon Page 24 Advertisements Column 1
      140 24 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (S$'OOO) (Ss) STREET NAME TYPE DATE AREA*(SQ FT) (S$'OOO) (Ss) STREET NAME TYPE DATE AREA*(SQ FT) (S$'OOO) (Ss) District 9
      140 words
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