The Business Times, 5 January 2009

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Total Pages: 30
1 30 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg ■V A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Monday, January 5,2009
    20 words
  • 795 1  -  CHUANG PECK MING Pay rises in Spore now projected to be among the lowest in Asia By [SINGAPORE] It's a reflection of how fast the Singapore economy is turning down. In barely three months, the projection for salary hikes here has gone from
    795 words
  • 892 1  -  ARTHUR SIM Cost and pricing advantages and public spending set to put construction industry in a good spot By [SINGAPORE] The construction sector looks to be the only pillar of growth in the Singapore economy this year, especially if there are significant increases
    892 words
  • MARKETS DIGEST
    • 53 1 Weekly Change 1,829.71 +104.10 iT Index 1COMP 894.36 +27.01 IIKKEI225 8,859.56 +120.04 IANG SENG 15,042.81 +858.67 ;et index 449.96 +3.34 JAKARTA COM P 1,355.41 +14.52 IANILACOMP NA ;eoulcomp 1,157.40 +39.54 ;henzhen b 271.28 +1.86 IUMBAI IND 9,958.22 +629.30 )OW 9,034.69 +519.14 IAS DAI 1,632.21 +101.97 ;&P 500 931.80 +59.00
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONG KONG 5.00 INDONESIA 16.623 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
    • 43 1 isi a us$: 1.454 (uss/ss il 1.458 2.120 EURO (US$,S$/E) Foreign currency 1.390 ir US$ 2.020 S$ 'EN 91.30 62.80 3.469 2.386 IK$ 7.751 5.332 !AHT 34.79 23.93 lUPIAH 10,900 ,498 1ENMINBI 6.823 4.693 INDIAN RUPEE 48.89 33.63 1.441 0.991 1.733 1.192
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 101 1 BizlT DINING OUT m COMMENTARY ART OF WAR I I Seeking opportunities Theßoux 3^^ Reit model Zap for Sun Tzu's strategies! h in the new year contingent Wll k underpressure Win an Egg Pod chair! H PAGE 30 PAGE 13 PAGE 4 PAGE 6 I D BizlT DINING OUT f
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  • TOP STORIES
    • 885 2  -  NISHA RAMCHANDANI VICTOR KATHEYAS Some airlines cutting or dropping fuel surcharge to boost flagging demand By and [SINGAPORE] With jet fuel trading at nearly half of what it used to cost and with travel demand contracting, air travellers may just be able
      AP  -  885 words
    • THREE-MINUTE DIGEST
      • 87 2 THE construction sector looks to be the only pillar of growth in the Singapore economy this year, especially if there are significant increases in public infrastructure spending. Latest official flash estimates reveal that the sector continued to grow in Q4 2008, albeit at
        87 words
      • 88 2 IT'S a reflection of how fast the Singapore economy is turning down. In barely three months, the projection for salary hikes here has gone from bad to worse from among the highest in Asia to one of the lowest. Pay increases here are
        88 words
      • 74 2 WITH jet fuel trading at nearly half of what it used to cost and with travel demand contracting, air travellers may just be able to grab some pretty sweet deals this year. National Association of Travel Agents Singapore's CEO Robert Khoo notes
        74 words
      • 46 2 THE chief financial officer of former OTC-listing Alphomega Research Group is facing a second lawsuit from minority investors, who claim that he had misled them into thinking ÜBS was investing in the company during roadshows. COMPANY NEWS, PAGE 6
        46 words
      • 53 2 US PRESIDENT-ELECT Barack Obama and congressional Democrats are considering major expansions of government-assisted health care insurance and unemployment compensation as they begin intensive work this week on a two-year economic recovery package. One proposal would extend unemployment compensation to part-time workers. ECONOMY
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      • 70 2 THE Johor state government is looking at a proposal by an international company to invest RMI7 billion (Ss7.l billion) to construct an oil refinery at Teluk Ramunia, Kota Tinggi. Menteri Besar Abdul Ghani Othman said the state government was assessing the effects
        70 words
      • 72 2 CHINA'S manufacturing sector contracted for the third month in a row in December, but the pace of deterioration slowed as output and new orders improved slightly, an official survey showed yesterday The official purchasing managers' index rose to 41.2 in
        72 words
      • 76 2 THE semiconductor industry is likely to see its first back-to-back annual revenue decline this year. A study by IT research agency Gartner is forecasting that global semiconductor revenue in 2009 wiU fall to U*****.2 billion, or 16.3 per cent down from 2008.
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    • 893 2  -  ANDREW MARKS WALL STREET INSIGHT Rise may sputter when the pros get back on the saddle By in New York IF US stock market investors were looking for a good omen with which to start the new year, they couldn't have asked for
      AP  -  893 words
    • 650 3 Reuters Supplies to four EU countries disrupted, emergency meeting called [KIEV/MOSCOW] Russia and Ukraine looked no closer to compromise yesterday over a gas dispute that has disrupted supplies to four European Union countries as they face freezing winter temperatures. Poland, Hungary, Romania, Bulgaria and
      Reuters; REUTERS  -  650 words
    • 580 3 AFP, Bloomberg, Reuters The rising currency is adding to pressure on exports [TOKYO] Japan's central bank chief warned yesterday that the soaring yen was hurting Asia's largest economy and said he was looking at measures to cope with it. "Amid the rapid downturn
      AFP, Bloomberg, Reuters  -  580 words


  • COMPANY NEWS
    • 672 4  -  UMA SHANKARI SINGAPORE -listed real estate investment trusts (Reits) are now victims of their own success. Over the past three years, most Reits here have taken an aggressive growth path, snapping up expensive properties and pushing up rentals in their properties as they took advantage of
      672 words
    • 291 4 In Friday's quotation table for Singapore government bonds, we inadvertently gave the wrong closing price for the 5G********** bond. The table with the correct price is reproduced above. MATURITY YEAR RAISED COUPON DATE RATE (%p.a.) AMOUNT ($m) INTEREST PAYMENT DATES NUMBER
      291 words
    • 534 6  -  JAMIE LEE By Investors claim he misled them during roadshows into thinking ÜBS was investing THE chief financial officer of former OTC-listing Alphomega Research Group is facing a second lawsuit from minority investors, who claim that he had misled them into thinking ÜBS was
      534 words
    • 313 9 COMPANY MEETING PLACE DATE TIME Firstlink Invest E The Guild, NUSS Suntec City Guild House, 3 Temasek Boulevard #05-001 Suntec City Mall, Singapore *****3 05-Jan 2.00pm ISDN Hldgs E 105 Tampines Road #06-06 Wing Tai Industrial Centre Singapore *****7 05-Jan 9.00am China Av Oil E Suntec Singapore International
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    • 398 9 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of
      398 words
    • 524 9  -  RONNIE LIM Decision to continue 'green' project and cogen plant depends on situation this year By SINGAPORE Petroleum Company (SPC) is "reviewing" a couple of planned investments including a "green" gasoline project and a co-generation plant at its joint-venture Singapore
      524 words
  • Page 4 Advertisements
    • 1291 4 V*^L k AT^T^T/^-T' r> Toll free: 1800-289-8822 l^kll Email: notices@sph.com.sg JL Vta>/ JL JL^^ 1' l 3 www.cats.com.sg QcOGmOGIOGI NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of Cosmosteel Holdings Limited (the "Company") will be held at Shan Shui Palace, 450 Jalan Ahmad
      1,291 words
    • 657 4 sats one with you SINGAPORE AIRPORT TERMINAL SERVICES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1770G NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Singapore Airport Terminal Services Limited (the "Company") will be held at the Grand Ballroom, Level 2,
      657 words

  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 3766 6 w WATS _L^l \^y J_ J_^^ J—/ k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg I^o MEPI-FLEX MEDI-FLEX LIMITED f£3f; TTiAtV/i^iV^r THAI \#ll I AftF Uni niNf^Q im I I I (Incorporated in the Republic of Singapore) V-giHR I VILLAGE, IHAI VILLAIat HULUINIa& LIU (Company Registration Number: *****2754H) d»,,i,j (Incorporated in
      3,766 words
    • 115 6 The famous "A Room Within A Room" concept originally designed by Eero Aarnio in 1996 Chic retro design with white exterior A red interior cushioned B wall that is H upholstered in fabric 1 Durable stylish H fiberglass shell Swivels 360 degrees Removable interior cushions for easy cleaning •Shuts you
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  • Page 7 Advertisements
    • 1234 7 WORKING is a regular newsletter by the Ministry of Manpower (MOM). In this issue, we discuss the recent amendments to the Employment Act which sets out the basic terms and conditions of employment. Building a globally competitive workforce and a great workplace are MOM's business outcomes in its vision to
      1,234 words

  • SINGAPORE MARKETS
    • 720 8  - Look to sell into strength or risk being bear-trapped again R SIVANITHY STOCKS FOR most of 2008, the advice given in this column was to selectively buy the dips but to always sell into strength because all bounces would eventually turn out to be bear traps. As 2009 kicks off,
      720 words
    • 388 8 ■AFP CURRENCIES [HONG KONG] Asian currencies were mixed against the dollar last week as attention turned to economic data due out in the recession-hit US, dealers said. Japanese yen: The yen moved narrowly against the dollar in Tokyo before the year-end and New Year
      ■AFP  -  388 words
    • 196 8 Legends US$; Rmb; HK$; A) As; Pound; Rupiah; Yen; Euro; AA) Baht; RM; Peso; AAA) Rs; NT$; (af) Cash/Bonus Tax Exempt (One-Tier); (ag) Dividend/Distribition; (ah) Final; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (an) First and Final Tax Exempt (One Tier); (aw) Interim Tax Exempt
      196 words
    • 559 8 -AFP COMMODITIES [LONDON] Commodities rode a rocky ride in 2008, with crude oil, gold and base metals hitting historic peaks on supply woes, before tumbling as a global financial crisis sparked demand worries. After a hectic 2008, most commodity markets
      -AFP  -  559 words
    • 1705 8 Source: Reuters Lonsensus no. ot i-orecasi mean t-n s recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name \llgreen Prop perties Ltd 2.58 2.58 12 6.14 7.01 0.69 0.46 ,RA Asset Mgt Ltd 2.00 2.00 2 6.75 5.41 0.81 0.39 ,rmstrong
      1,705 words
    • 4 8 WEEKLY
      4 words
    • 59 8 Jan 2 VALUE CLOSE BT OB/OS 374.00+185.0 BT CADI -*****.00+199.0 BT 10-day MA -*****.00 +38.00 FTSE ST Mid Cap 370.26+12.72 FTSE ST Small Cap 305.29 +8.88 FTSE ST All Share 438.48+15.89 FTSE ST China Top 192.27 +6.84 FTSE ST China 192.15 +6.24 UOB Catalist 76.91 +0.05 SiMSCI
      59 words
    • 60 8 VOLUME Golden Agri 175,489,000 Cosco Corp 95,620,000 Straits Asia 75,075,000 Noble Grp 60,304,000 Midas 58,431,000 Sapphire 56,009,000 IndoAqri 55,087,000 China Honqxinq 52,255,000 Sing Tel 51,386,000 Gent Intl 50,045,000 VALUE(S) DBS Grp 238,814,990 Sing Tel 131,874,375 UOB 128,612,000 Cosco Corp 93,183,670 OCBC Bk 88,204,690 SGX 86,760,130 Capita Land
      60 words
    • 120 8 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE UP 8628 403.9 3.3 GLD 10US$ UOB 5.05%NCPS 100 9354 344.Q 3.8 OCBC Bk4.5%NCPS 100 8300 260.0 3.2 OCBC Bk5.1%NCPS 100 9158 170.0 1.9 OCBCCai 5.1%NCPS 100 8740 160.0 1.9 DBS Bk6% NCPS 10 9630 130.0
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    • 106 8 BY CENTS CLOSE DOWN 1834 -66.8 -2.4 JMH STXPO 100 977 -22.0 -2.2 Ci NCCPS 114 -18.0 -13.' SGX MBL iCW*****3 38.5 -14.5 -27.4 STI 1950DBePW*****2 35.5 -13.5 -27.6 STI 2050BNPePW*****9 31 -12.5 -28.7 Great Eastern 897 -12.0 -1.3 ir A| SO 10US$ 247 -11.6 -3.1 Cai iitalandRBePW***** 44.5
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    • 88 8 Where S$ stands Jan 2 CHNG CLOSE FR Dec 31 YR 2008/2009 S$ LOW S$ HIGH USS 1.4526 -0.97 1.5346 1.3457 Euro 2.0259 0.01 2.2064 1.8640 Pounds 2.1140 -1.71 2.8431 2.0663 AS 1.0117 -1.59 1.3251 0.9068 Yen* 1.5933 0.04 1.6899 1.2619 Rupiah* 0.***** -1.42 0.***** 0.***** Baht* 4.1753 -0.80
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    • 1524 10  -  TEH HOOI LING THE year 2009 started with a bang as far as the stock market was concerned, despite the common expectation that prices would tank in the new year. Last Friday, the first trading day of the new year, the Straits Times Index
      1,524 words
    • 1283 10  -  ROBERT HALILI INSIDE MARKETS By 2008 was the most active year in terms of share buybacks in the Singapore market with yearly and monthly records set in nearly all trade categories. The buybacks in 2008 were a strong sign of support
      1,283 words

  • Page 9 Advertisements
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    • 203 9 m U JM^ Mm v w* T Ji a M if \f n nJ Hi Mm Jl \^<^B ii -JCTm H^^fli mW fiN -"^T""T J~juit,'-<4'ji&-HBiHVB| H \j___ X Zurich HelpP#int™ V Your savings plan doesn't have to move just because you do. Zurich Help Point™ is here when you need
      203 words


  • SINGAPORE NEWS
    • 2294 11  -  ANG LEA LEA POX SOY YOONG How tax cuts and fiscal measures may help to boost demand, avert business failures, reduce unemployment By and THE world economy is under siege. No economy seems able to escape the wrath of the global economic storms. What
      STOCK.XCHNG  -  2,294 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 801 12 It's very stressful, says JEFFREY WU f but if you have the necessary qualities, it can be very rewarding #0 MINE! Checking your name, 30 done!" Welcome to the world of the foreign exB change dealer. Banking and financial services offer many exciting and challenging
      801 words
    • 813 12 CAMPUS LIFE 'Ecopreneur' Cindy Chng tells QUAH CHIN CHIN about her ECO Travel agency and its environment-friendly tours LIKE most of her peers in school, Cindy Chng strives to juggle classes with school projects and examinations. Unlike them, however, she has led groups of schoolchildren to
      813 words
    • 204 12 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 12 Advertisements
    • 46 12 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • DINING OUT
    • 701 13  -  Jaime E& NEW RESTAURANT Tatsuya Japanese Restaurant Goodwood Park Hotel 22 Scotts Road. Tel: 6887-4598 IN any Japanese restaurant, the sushi counter is generally considered to be the best place to sit, especially if you want your sushi straight from the chefs hands rather
      701 words
    • 739 13  -  Geoffrey Eu GUEST CHEFS Michel Alain Roux Gordon Grill Goodwood Park Hotel, 22 Scotts Road. For reservations, call 6730-1744 www.goodwoodparkhotel.com TWO members from the reigning First Family of French Food will be in Singapore for an extended guest chef stint this week and next
      739 words
  • Page 13 Advertisements
    • 152 13 NexiaTS Singapore collaborates AchiGVins with Smith Williamson, UK We extend our heartiest congratulations to Nexia TS for their collaboration with Smith Williamson of the United Kingdom. h^^ Smith Williamson is a leading financial services firm and the eighth largest firm of accountants in UK- with 12 principal offices in UK
      152 words

  • ECONOMY WATCH
    • 605 14 -NYT Part-time workers to get compensation too, but Republican opposition expected [CHICAGO] President-elect Barack Obama and congressional Democrats are considering major expansions of government-assisted healthcare insurance and unemployment compensation as they begin intensive work this week on a twoyear economic recovery package.
      -NYT; AFP  -  605 words
    • 535 14 Reuters, Bloomberg Economic models suggest they should be below zero [SAN FRANCISCO] A grim economic outlook highlights the need for the Federal Reserve to step up quantitative measures to boost growth, with official interest rates already effectively at zero, Charles Evans, president of the
      Reuters, Bloomberg  -  535 words
    • 437 14 Reuters [BERLIN] The European Central Bank (ECB) will reduce interest rates further if it sees that risks to price stability have diminished, ECB vice-president Lucas Papademos has told a German magazine. The ECB has reduced rates by 175 basis points since last
      Reuters  -  437 words
    • 381 14 -LAT-WP [NEW YORK] To help offset state budget cuts, a group of governors on Friday urged the federal government to pass a trillion-dollar economic stimulus package, significantly larger than the one under discussion in Congress. The package would help states compensate for cuts
      -LAT-WP  -  381 words
    • 906 15 AFP Foreigners hit hard as global financial meltdown triggers construction slump [DUBAI] Dubai's rapid expansion in recent years provided jobs for millions. But the global financial meltdown has abruptly ended the dream for many people as more and more firms sack staff to
      AFP  -  906 words
    • 223 15 Reuters [DUBAI] State-owned Nakheel, developer of Dubai's palm-tree shaped islands, is considering a dual stock listing in London and Dubai to raise as much as US$l5 billion to bolster its finances, the Telegraph said yesterday. The newspaper, citing unidentified sources
      Reuters  -  223 words
  • Page 14 Advertisements
    • 62 14 A U X V i&HHi^^M^^^^^B I is MsXr^ 1!^ Meritus Mandarin Singapore introduces the newly refurbished Mandarin Court (formerly known os A(~T local:ed at level 35, overseeing the lush landscape of Orchard Road. J^pr-i 7S Features include a 4-tier amphitheatre-style concept that accommodates up to 200 people, with MERITUS MANDARIN
      62 words

  • Page 15 Advertisements
    • 4 15 r i P VJ
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    • 324 15 IIiHH VfJkml huh In today volatile investment environment, it's difficult to formulate your investment strategies with many conflicting opinions in the market. E*TRADE brings you the industrial recognized investment experts that helps you to make a smart investment decision for Date- 17Januar 2009 (Sat) the year ahead. Tjme: :00 to
      324 words

  • MALAYSIA/INDONESIA
    • 591 16  - Tough times ahead both economic and political S JAYASANKARAN MALAYSIA INSIGHT Acid test in March when Umno polls will show dominant party's future direction -2009 will see the financial crisis impacting the real economy, with the only good news being that Malaysia is unlikely to slip into recession. Growth last
      591 words
    • 404 16 Reuters [JAKARTA] Indonesia's inflation rate is expected to fall in December to a sixmonth low following cuts in fuel prices, paving the way for further interest rate cuts by the central bank to spur growth, a Reuters poll showed. Global oil prices have slumped,
      Reuters  -  404 words
    • 2192 16 Ian 2 RM COOQ) \&M Realty \bricBhd \dvance Synergy \dventa Bhd \e Multi Hldgs \ffin Holdings \hmad Zaki Resou \ic Corp \irasia Bhd \kn Technology \lliance Financi \luminium Co \malgamated Ind Vnmb Hldgs Bhd \mtel Holdings \mway Malaysia \nalabs Resource \ncom Berhad \nn Joo Resource \pex Healthcare \pl
      2,192 words
    • 258 16 Bernama [MUAR, Malaysia] The Johor state government is looking at a proposal by an international company to invest RMI7 billion (Ss7.l billion) to construct an oil refinery at Teluk Ramunia, Kota Tinggi. Menteri Besar Abdul Ghani Othman said the state government was
      Bernama  -  258 words
    • 549 16 Reuters Economic, anti-graft policies draw strong public support [JAKARTA] Indonesia's President Susilo Bambang Yudhoyono and his Democrat Party topped an opinion poll published yesterday, showing strong public support for his economic and anti-graft policies ahead of elections this year. Indonesia is due to
      Reuters  -  549 words
    • 468 16 Reuters It also triggered a small tsunami that hit Japan's coast [JAKARTA] A series of powerful earthquakes off the northern coast of West Papua, Indonesia, early yesterday killed four people, injured several others and flattened buildings, officials and local television said. The US Geological
      – Reuters  -  468 words

  • GREATER CHINA/INDIA
    • 493 17 Reuters Deterioration slowed as output and new orders improved slightly [BEIJING] China's manufacturing sector contracted for the third month in a row in December, but the pace of deterioration slowed as output and new orders improved slightly, an official survey
      – Reuters; REUTERS  -  493 words
    • 763 17 -AP As US ticket sales slump, promoters plan to expand here [BEIJING] Fame is going to China. The Broadway musical about students aspiring to stardom is being customised by its US producer for a Chinese audience, with a full Chinese cast talking, singing
      -AP; AP  -  763 words
    • 234 17 Reuters [NEW DELHI] India's cricket board has lost almost US$25 million from the scrapping of two one-day games against England and the cancellation of the 2008 Champions Trophy and this month's tour to Pakistan. "The working committee noted there would be a reduction in revenue
      Reuters  -  234 words
    • 470 17 Reuters [NEW DELHI] India's prime minister said on Saturday he hoped sense would prevail in Pakistan over tackling militancy and reiterated a demand that Islamabad hand over those suspected of plotting the deadly attacks in Mumbai. In a rare echo of Indian criticism
      Reuters  -  470 words
    • 344 17 -AFP Disagreement over borders of economic zones [TOKYO] China has violated an agreement with Japan and continued developing a gas field in a disputed area in the East China Sea, a press report said yesterday. The neighbours struck a deal in June
      -AFP  -  344 words
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  • ASIA-PACIFIC
    • 361 18 LAT-WP [WASHINGTON] The car financing giant GMAC relinquished its exclusive right to provide financing to people buying General Motors (GM) vehicles in exchange for up to US$6 billion in federal aid. The deal abruptly ends a 10-year contract between GM and GMAC, according
      – LAT-WP  -  361 words
    • 664 18 -AFP Importing countries' move to secure food sources will worsen poverty: report [KUALA LUMPUR] Re-source-hungry nations are snapping up huge tracts of agricultural land in poor Asian nations, in what activists say is a "land grab" that will worsen poverty and malnutrition.
      -AFP  -  664 words
    • 337 18 Bloomberg [NEW YORK] Investors led by Steven Mnuchin, a former Goldman Sachs Group executive, have agreed to buy IndyMac Bank from the Federal Deposit Insurance Corp (FDIC) and inject US$l.3 billion in cash a rare sale of a failed lender to non-bank buyers.
      Bloomberg  -  337 words
  • Page 18 Advertisements
    • 2921 18 w WATS JL^I V-^ JL JLx^ JLj k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg To the heirs, personal representative and /'pM^l '^PH^^olE™J~^ I—-_l r I f \r I Company Registration no. *****5792R SUCCeSSOrS Of HON YOK KEE (DECEASED) V 4 J (Incorporated In the Republic of Singapore). |i| (NRIC: S4Y
      2,921 words

  • MIDDLE EAST
    • 706 19 -AFP UN Security Council fails to agree on a statement calling for a ceasefire [PARIS] Israel's tank and troop assault on the Gaza Strip yesterday unleashed cries of alarm worldwide, but Israel won heavyweight US backing as moves for an immediate ceasefire foundered at
      -AFP; AP  -  706 words
    • 630 19 -AFP [WASHINGTON] As the clock ticks down to Barack Obama's inauguration, the US president-elect has kept silent on the decades-old Is-raeli-Palestinian conflict and its latest deadly turn in the Gaza Strip. Obama transition officials have ventured little more than saying their boss is "monitoring"
      -AFP  -  630 words
  • Page 19 Advertisements
    • 1932 19 V«Z^ kAT^VT'T^-1-r1 O Tollfree:1800-289-8822 w |\l II r^ Email: notices@sP|lcom- s Q _L^l V^>/ -1- I V-i -< M i i www.cats.com.sg iic BRC Asia Limited (Incorporated in the Republic of Singapore) Registration No: *****0054G NOTICE IS HEREBY GIVEN THAT the Annual General Meeting (AGM) of BRC Asia Limited (the
      1,932 words

  • WORLD
    • 602 20 ■NYT MADOFF SCAM Plea was made on new allegations that Madoff pulled in fresh investors [NEW YORK] The trustee overseeing the bankruptcy of Bernard L Madoff s trading firm has made an urgent request to the court for unusually broad authority to subpoena
      ■NYT  -  602 words
    • 549 20 Bloomberg Investor seeks ruling that liquidator has no claim to money [NEW YORK] Just six days before he was charged with running a US$5O billion Ponzi scheme, Bernard Madoff allegedly agreed to invest US$lO million for a family that had turned an ice delivery
      – Bloomberg; REUTERS  -  549 words
    • 572 20 LAT-WP USs4oom invested in City National picked as case study [WASHINGTON] The Treasury Department's inspector general wants Treasury to explain its secretive process for deciding which banks receive investments of taxpayer dollars from the government's US$7OO billion financial rescue programme. The inspector general's office
      LAT-WP  -  572 words
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  • ART IN RETROSPECTIVE
    • 1165 21 From 2003 to 2007, worldwide auction sales of contemporary art grew more than eightfold ART prices extended a seven-year surge for much of 2008, with a Claude Monet painting of water lilies, Lucian Freud's portrait of a civil servant called Sue and a Francis
      PHOTOS: BLOOMBERG  -  1,165 words
    • 784 21 Bloomberg DAMIEN Hirst's record "Beautiful Inside My Head Forever" sale and collapse of Lehman Brothers Inc last September marked the turning of the art market in 2008. The financial-market rout curtailed spending by US and European art collectors. Falling commodity and equity prices suppressed demand from buyers
      – Bloomberg; BLOOMBERG  -  784 words

  • AVIATION/SHIPPING
    • 852 22 Reuters [ROME] Air France-KLM enters 2009 as the favourite to clinch a fierce battle for a stake in Alitalia as the Italian carrier crawls toward its planned rebirth as a smaller, private airline in just over 10 days. After a three-month tussle for
      Reuters; REUTERS  -  852 words
    • 2633 22 AIRLINE CODES: AA Am -s (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAV\ Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA Airways
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    • 476 22 Bloomberg Settling of annual iron-ore supply deals key to recovery in shipping rates [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell to extend last year's record decline, when steelmakers cut output on slumping demand from builders and
      Bloomberg  -  476 words
    • 315 22 LAT-WP [WASHINGTON] A US airline apologised last Friday to nine Muslim American passengers from the Washington area who were removed from a flight out of Reagan National Airport, but a Muslim civil rights group said it intends to press a discrimination complaint against
      LAT-WP  -  315 words
    • TRANSPORT STOCKS
      • 106 22 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.27 0.19 0.93 0.34 0.71 0.50 0.04
        106 words
      • 40 22 '000 Ian 2 M$ Vol Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.56 8.60 8.50 2.44 2.35 0.05 0.08 0.02 0.05 0.10 0.05 0.02 unch -0.01 94 231 702 513 23 30 10
        40 words
      • 16 22 ■oo Ian 2 Baht Vol Precious Ship Regional Cont 10.90 6.15 -0.20 -0.20 1389 1009
        16 words
      • 15 22 '000 Ian 2 HK$ Vol Doil iingamas Cont 17.74 0.66 0.52 288 0.19 *****
        15 words
      • 26 22 '000 Ian 2 Peso Vol 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
        26 words
      • 18 22 Evergreen Marine ....15.45 :irst Steamship 30.80 Wan Hai Lines 14.15 fang Ming Marine...10.10 -0.10 -0.50 -0.50 -0.20
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      • 45 22 '000 Dec 31 Yen Vol 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 Source: Thomson Reuters -2.00 7.00 3.00 1.00 -6.00 5.00 -6.00 2906 1946 8471 1700 5433 1153 3183
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  • Page 22 Miscellaneous
    • 333 22 CRYPTIC CROSSWORD ACROSS 8 Old man in agony (4) 9 Sign of sadness not originally I j getting attention (3) 1 j i j BTTT 10 Client, one making jokes J—^^J—^^|—^^J—^^B—^^J—^^J—ta heartlessly (6) j j j 11 Soft hat I discarded in the f^| H^2~^ wake of information (6) I
      333 words

  • SINGAPORE STOCKS
    • 9056 23 Week ended: Jan 2 52-wks Tel |h Low Code Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap Smil Hi. Com| )an] 11.5 3 3148 STelecom 17 3 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30.5 12
      9,056 words
    • 1970 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      1,970 words
    • 60 24 Hi< Low Code Com Sale COOP) Hi< Low Bm Seller Cvr P/E Nil ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P5OO ***** ***** 6170 SPDRS 385 158 6009 STI ETF 3523.9 3386.7 6010 STI ETF IOPV US***** US6200 US1000
      60 words
    • 71 24 52-Wk Tel High Low Code Last Sale Vol room Week Last Quote Div GrYld Low Buyer Seller C'vr Net MCap P/E Sinil Comi Hii 103.2 36.5 6000 AVJennings 13 4 6134 Over&Gen 30.5 6 6017 StarCruises 275 104 6019 TanChonglnt A38 A8 US8.5 HK110 -9.5 unch 53 1745
      71 words
    • 126 24 Stock name Close Change :apitaLand 3.270 +0.160 litaMall 1.630 +0.040 :if 'Dev 6.600 +0.230 ]osco Con 0.925 -0.025 IBS Gn 8.690 +0.270 :&N 3.130 +0.180 lent Intl 0.465 +0.015 iolden Ai ;ri 0.245 +0.010 IK Land 2.560 +0.080 IMH 18.340 -0.160 I... I name lose lange
      126 words
    • 99 24 Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 1 4 0 0 0 12 1 4 Manufacturing 110 33 54 10 17 120 41 71 Commerce 38 11 17 43 16 21 'St. >r/Cc ms 26 27 Finance 35 35 Construction 11 10
      99 words
    • 119 24 TURNOVER MAIN SDQ '000) TOTAL MAIN VALUE SDQ '000) TOTAL Multi Ind 45,598 45,598 110,017 110,017 Manufacturing 653,799 27,933 681,732 372,184 1,699 373,883 Commerce 204,869 34,379 239,248 130,368 5,692 136,060 Tpt/Stor/Comms 252,499 1,595 254,094 355,597 137 355,734 Finance 81,571 81,571 562,060 562,060 Construction 39,585 60,565 100,150 2,858
      119 words
    • 2749 24 ASIA For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing Airport Jeijing Ent Jeijing N Star
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  • Page 23 Advertisements
    • 21 23 Sole Distributor Service Centre: AUDEMARSPJGUET (SINGAPORE) PRIVATE LIMITED jB 341 River Valley Road #01-01 Singapore *****§TeT:'6238 6678 Fax: 6238 6676' |Jg3Js£s^^^^^^"^
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  • Page 24 Advertisements
    • 29 24 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. L IB mm The Business Times
      29 words

  • FINANCE & COMMODITIES
    • 372 25 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 2 World Index Preliminan 690.2 1.8 -39.0 2.8 -404 2.0 -40.9 EAFE Preliminai 662.5 2.1 -40.9 3.1 -434 2.3 -43.8 Euri Preliminan 938.9 3.0
      372 words
    • 131 25 As at 9am Jan 2 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0000 1.0330 Can dollar 1.1690 1.1830 Euro 2.0050 2.0280 NZ dollar 0.8310 0.8500 Sterlini 2.1110 2.1350 US dollar 1.4300 1.4470 Local dollars to 100 units of foreign currency:
      131 words
    • 173 25 Jan 2 *L Offer Bii Overnight 1-month 2-months 3-months Overnight mode: 3/8 ys$ 1/8 3/4 7/8 1 Offer 1/16 1/2 5/8 3/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.40 0.70 1.40 1.60 2.10 2.40 2.50 Offer 0.10 0
      173 words
    • 22 25 Jan 2 ten JiL Sett >TI ilMSCI Jan 217.6 224.2 223.3 "aiwan Jan Source: MF Global (S) He. Lt<
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    • 23 25 Jan 2 Bid Offer 1-month 1.4531 1.4551 2 months 1.4527 1.4548 3 months 1.4524 1.4546 6-months 1.4507 1.4534 Source: OCBC
      23 words
    • 309 25 Jan 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Low Vol Open Done Position Jan 09 1720 Feb 09 1711 Mar 09 1711 Apr 09 1711 Total o/p: ***** contracts 1737 1745 1720 66 3036 1745 1750 1710 942 ***** 1740 1748
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    • 172 25 Jan 2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Feb 09 Mar 09 Apr 09 May 09 JunO9 Jul 09 139.0 142.2 146.7 147.2 147.7 147.7 699 630 966 905 895 166 TSR 20 (US cents/kg) Month Hig
      172 words
    • 89 25 Jan 2 Period Issue code Maturity Yesterday's Bid Day's |h Low Hi, 3-Month BQ*****V 02.04.09 1-Year BY*****V 02.11.09 0.56 0.75 0.53 0.53 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
      89 words
    • 104 25 Jan 2 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 970.00 945.75 985.75 963.25 Mar 09 977.00 953.00 993.25 970.00 May 09 988.50 964.75 1004.25 980.75 Jul 09 1000.00 976.25 1015.75 992.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 09 33.58 32.11 34.12 32.97
      104 words
    • 77 25 CRUDE OIL PRODUCTS Dec 30 CRUDE (FOB origin) US$/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
    • 461 25 Jan 2 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound us: Australia 0.850 4.734 0.499 5.378 33.919 75.630 0.633 9.173 2.407 1.202 54.849 32.937 1.009 6.571 0.742 22.771 24.136 0.476 0.694 Canada 1.176 5.568 0.587 6.325 39.890
      461 words
    • 76 25 Jan 2 1 mth 0.***** 0.***** 2 mths 1.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 1.***** 9 mths 1.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
      76 words
    • 139 25 Jan 2 /oz) tec Ian Hong Kong London 867.50 872.70 868.50 873.70 Jan 02 Dec 31 876.35 closed 878.35 closed Source: Thomson Reuters CAST BAR (S$) Jan 02 Buying Sellini Kilobar "43,619.62" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1
      139 words
    • 156 25 Jan 2 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.0077 1.0096 0.6936 0.6941 Canadian dollar 1.1853 1.1872 0.8158 0.8162 Euro 2.0187 2.0215 1.3894 1.3897 NZ dollar 0.8382 0.8399 0.5769 0.5774 jterlini ind 2.1185 2.1217 1.4581 1.4586
      156 words
    • 67 25 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1538.50 1507.80 3 months 1570.00 1540.00 Copper, Grade A (USS/tonne) Cash 3 months 3199.50 3231.00 3041.80 3070.00 Lead (USS/tonne) Cash 1105.00 3 months 1090.00 1012.00 999.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00 *****.00 3
      67 words
    • 64 25 Jan2\ COCOA (Btonne) Close Prev Hii ih/Low Mar 09 1792 1774 1811/1756 May 09 1779 1760 1791/1750 Jul 09 1780 1762 1780/1753 SepO9 1757 1745 1750/1742 COFFEE (US$/tonne) Close Pev High/Low Jan 09 1837 1765 1855/1720 SUGAR (US tonne) White Close Prev High/Low Mar 09 329.2 316.0 330.4/324.9 May
      64 words
    • 2504 25 BONDS WARRANTS Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 2058 Advance Modules GrpW*****3 2036 Advance SCT Ltd W*****9 6 susp 0.5 1 1 17 87 156 1.50 1246 13.00 43 19 9092 Asia Environment W*****4 2 1 264
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  • Page 26 Advertisements
    • 732 26 Shipping Times SERVlCE^^^^^^^^n Destination Destination STXPOTBN RTM/ANR/TIL STX PO TBN CDN/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination Destination PAWITRA NAREE DBI/ABU/BRN/DOH/DMM/KWI STXPOTBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk, breakbulk, mineral ores, project cargoes,
      732 words
    • 1682 26 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M \rm\ linn ii a iiii-k TEL *****588 (14 LINES) FAX:*****163 \AM 1 WAN HAI INF\ Customer Service/Bookings Direct line (1800) *****200 V ll^ WWf^ll I Iftl LlllLJ PKLIEL: {03) *****888 FAX: {03| *****288 PEN TEL: {04) *****00 FAX: {04)*****99 W«" JOHIEL:{O7) *****23
      1,682 words

  • Page 27 Advertisements
    • 1200 27 RI CKMERS LI NI E Round-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com USA Service Vessel I Vov~| SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB I NEN I NYC I CPE Rickmers Singapore 251 14/01 19/03 25/03 01/04 Rickmers Houston
      1,200 words
    • 1030 27 |fin EASTERN CAR LINER, LTD UL_^^___l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS l|mm^J^jQQ9 B VOY I Ramp(KT) I Liltinq(KT) I MUA I MNL I SIN I PKL I LCB I JKT I BRISA AZUL 99 35 80 06/01 08/01 11/01 LUNA AZUL 92 35 80 08/01 11/01 CORAL
      1,030 words
    • 919 27 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL I VOY SIN I PKL (IN PORT) I [MB UCT2) I NSA [NSIOI HOWRAH BRIDGE 0079W 30 DEC 31 DEC 05 JAN 08 JAN NORDWELLE VNWOI4 06 JAN 07 JAN 12 JAN 15 JAN SCI
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  • Page 28 Advertisements
    • 5197 28 CT"W A MnpRCFM I Tel: *5-*****07 Fax: *****917 r— y ~l shipping company"^ 70 Shenton Way, #21-03 Marina House Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES [VESSEL I VOY I Singapore I Merak/Jakarta I Fremantle I Corns Island I Christmas
      5,197 words
    • 153 28 Hgi GLORY NAVIGATION GROUpI I( SINCE 1970 OWNS OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS REGULAR WEEKLY SERVICES: m IKAOHSIUNG CHINESE PORTS, HONG KONG TO FROM SOUTHEAST ASIA I SINGAPORE HIAP WOON SHIPPING (S) PTE LTD I 14 ROBINSON ROAD,
      153 words

  • BIZIT
    • 597 29  -  AMIT ROY CHOUDHURY Gartner study shows 2009 to be first back-to-back decline for industry By THE semiconductor industry is likely to see its first back-to-back years of revenue decline this year, according to a global study by IT research agency Gartner. According
      REUTERS  -  597 words
    • 708 29 NYT [NEW YORK] So your cell phone has a brushed-metal shell, can flip and slide four ways and has more buttons than an aeroplane cockpit. Big deal. The new status symbol is what your phone can do count calories, teach Spanish, simulate
      NYT; STRAITS TIMES  -  708 words
    • 886 29  -  MIKE POWELL <you say> Firms are turning to telecom service providers for new solutions that can help manage burgeoning telecom-related expenses more efficiently By WIITH the sub-prime mortgage crisis, liquidity crunches, and even the possibility of a recession dominating the headlines these days, companies
      886 words
    • 306 29 ■LAT-WP Over 1b songs bought online, a 27% rise y-o-y [LOS ANGELES] Digital music downloads reached a milestone in 2008, exceeding one billion songs bought online during the year, according to a new report from Nielsen SoundScan, which tracks music sales. That represents
      ■LAT-WP  -  306 words
    • 1095 30 IT bosses feel new technologies will help companies shore up bottom lines while cutting costs, reports AMIT ROY CHOUDHURY |ITH New U Year celebrations and year-end breaks out of the way, firms and their top managements will have to quickly come to grips with
      REUTERS  -  1,095 words
    • 940 30  -  ONG BOON KIAT Asian firms to tap money-stretching technologies By ASIAN enterprises will look to technologies that can help stretch their IT dollar in the year of the Ox, according to a BizlT poll of more than 50 regional tech chiefs. And with the
      940 words
    • 509 30 ■AP [NEW YORK] For some owners of the Zune, the portable media player that is Microsoft's answer to the Apple iPod, it was a day without Kanye West and Girl Talk. Owners of 30-gigabyte Zunes began flooding Zune-related websites with complaints
      ■AP  -  509 words
    • <what's up>
      • 69 30 LG Electronics Asia has appointed Arthur Huang and Adrian Lim as corporate marketing director and marketing director of consumer electronics, respectively. Mr Huang will oversee development and growth of LG's brand across the company's business units in the region, while Mr Lim will manage regional
        69 words
      • 83 30 SINGTEL owns the largest pie for international Internet Protocol Virtual Private Network (IP VPN) services in Asia-Pacific excluding Japan (APEJ), according to IDC. The market research firm's latest report showed Sing Tel having the largest revenue market share in the APEJ for the
        83 words