The Business Times, 7 January 2009

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •■f* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, January 7,2009
    23 words
  • 743 1  -  ANTHONY ROWLEY World's biggest carmaker sees big drop in sales; move may hit its suppliers, too By in Tokyo EMULATING the example set recently by embattled US carmakers, Japanese and world industry leader Toyota announced yesterday that it would stop vehicle production at
    BLOOMBERG  -  743 words
  • 536 1  -  YEN SREENIVASAN It is said to have picked up 26% stake in $3b venture in West Bengal By [SINGAPORE] In a major foray into the Indian aviation market, Singapore's Changi Airport International Pte is reported to have picked up a 26 per cent stake
    536 words
  • MARKETS DIGEST
    • 41 1 1 COMP 922.23 +1.57 IIKKEI225 9,080.84 +37.72 1ANG SENG 15,509.51 -53.80 ;et index 473.15 -5.54 JAKARTA COMP 1,435.54 -1.80 1ANILA COMP 1,969.58 -5.11 ;eoulcomp 1,194.28 +20.71 ;henzhenb 287.18 +6.60 IUMBAI IND 10,335.93 +60.33 11AM EST Change )OW 8,948.19 -4.70 IASDAI
      41 words
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONG KONG 5.00 INDONESIA 16.704 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 2.00 US 3.25 CANADA 3.50 SWITZERLAND 2.02 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • 45 1 IS$ (S$ per US$) 1.477 (US$/S$ per 1.460 2.156 :URO (US$/S$/E) 1.345 1.986 Foreign currency per US$ S$ 'EN 93.60 63.40 3.514 2.379 IK$ 7.754 5.250 !AHT 35.06 23.74 lUPIAH 11,030 7,469 lENMINBI 6.839 4.631 INDIAN RUPEE 48.65 32.94 1.415 0.958 IZ$ 1.716 1.162
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  • Page 1 Advertisements
    • 50 1 8 *****1 *****4 For our next project, sr^r we will not be designing all of the amenities. SB P There are somethings that come along only once in your lifetime. |te^ Singapore's only beachfront residence, in the most exclusive destination on Sentosa Cove. www.scglobal.com.sg I 65 6100 2323 (^(XH^ttnJIA^XyLdsUSUAyC/ THE
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  • Page 1 Miscellaneous
    • 46 1 EXECUTIVE UK RETAIL w /"X VOLVO ART OF WAR I —I MONEY Waterford Wedgwood _^^^8| OCEAN RACE Zap for Sun Tzu's strategies! I Cyclical rebound calls in receivers Ericsson joins the party Win an Egg Pod chair! likely page 32 page 16 pageio pageio I HI
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    • 40 1 TransportHUß Shipping industry gears up for another storm PAGE 18 I Merc, BMW stay in the top spots page 21 PROPERTY Mapletree Business City snaps up big-name tenants PAGE 2 MADOFF HEARING Tales of mailed jewellery and watches page 4
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  • TOP STORIES
    • 673 2  -  LYNETTE KHOO Report on NEL to finance minister NEL affair focuses attention on rarely invoked provision of law By [SINGAPORE] Events at NEL Group have cast the spotlight on external auditors' duty to blow the whistle on potential fraud and the seldom-invoked provision
      673 words
    • 566 2  -  KALPANA RASHIWALA HSBC, Unilever, SAP and Amex sign leases before park's completion in 2010 By [SINGAPORE] The business park space at Mapletree Business City coming up in the Alexandra Road area has been substantially pre-leased ahead of its expected completion in second half
      566 words
    • 385 2 Reuters [LONDON] Shoppers said farewell to Woolworths, one of Britain's best known retailers, with a mixture of sadness and disdain, scouring the half-empty shelves for bargains before the doors close for the last time. The chain, one of the first big-name British businesses to
      Reuters; AFP  -  385 words
    • THREE-MINUTE DIGEST
      • 57 2 EMULATING the example set recently by embattled US carmakers, Japanese and world industry leader Toyota announced yesterday that it would stop vehicle production at all of its domestic plants for a total of 11 days during February and March in order to cut
        57 words
      • 63 2 IN a major foray into the Indian aviation market, Singapore's Changi Airport International Pte is reported to have picked up a 26 per cent stake in Bengal Aerotropolis Projects Ltd, which is setting up a 100 billion rupees (Ss3 billion) airport city in Durgapur,
        63 words
      • 63 2 THE business park space at Mapletree Business City coming up in the Alexandra Road area has been substantially pre-leased ahead of its expected completion in second half 2010. Developer Mapletree Investments, a fully-owned unit of Temasek Holdings, is said to have secured big-name
        63 words
      • 74 2 Hyundai Motor America has unveiled a novel approach to attract car buyers worried about losing their jobs. Dubbed the "Hyundai Assurance Program me the South Korean car maker said that people who finance or lease a new Hyundai during the next 12
        74 words
      • 79 2 SINGAPORE Airport Terminal Services has got the nod from its independent directors and in-house union to buy mainboard-listed Singapore Food Industries for $509 million. In a circular to shareholders, it said seven of its eight IDs voted in favour of the SFI takeover.
        79 words
      • 71 2 CAPITACOMMERCIAL Trust has secured refinancing for $580 million of loans due in March 2009. DBS Bank, Standard Chartered Bank, United Overseas Bank and The Bank of Tokyo-Mitsubishi UFJ will provide a secured three-year term loan of up to $580 million for CCT. The trust intends
        71 words
      • 61 2 SINCE enhancements to Spring Singapore's financial schemes kicked in on Dec 1, 2008, applications for them have increased by three times, says DBS Bank. Most applications have been to "top up" existing loans. The maximum quantum under the Micro Loan scheme, for instance,
        61 words
      • 66 2 CHINA risks a wave of protests and riots in 2009 as rising unemployment stokes discontent among migrant workers and university graduates, a state-run magazine has said in one of the bluntest alarms yet of rising unrest. The warning was published in
        66 words
    • 528 4 LAT-WP They can return car if they lose income within one year [LOS ANGELES] A big reason car sales have tanked in recent months is the sharp rise in unemployment. People who are worried about losing their jobs aren't likely to take
      LAT-WP  -  528 words
    • 408 4  -  ARTHUR SIM COMMENTARY LONG before Temasek Holdings began investing in big banks and financial institutions, it was better known for investing in smaller local companies. Now, with the recession here expected to be protracted, and investing in global business fraught with risk, the
      408 words
    • 881 4 Bloomberg MADOFF HEARING Prosecutors ask federal judge for bail to be revoked [NEW YORK] The sons of Bernard Madoff, who is accused of orchestrating a massive Ponzi scheme, alerted prosecutors last week that their father mailed them jewellery, watches and other items
      – Bloomberg; REUTERS  -  881 words
  • Page 2 Advertisements
    • 99 2 to m l-fjrt-paljJß -iwi IBBSt* .-'r-Mmß lil^§HijDllb"4jJlJjbj/!Jl i j'-l j i :rlB| ""^^E H^^^^ I kB V TJjjL STEERING TRUE FOR RELIABILITY Around the world, rapidly expanding markets in China, India, and Brazil are fueling new growth in the global economy. At the MOL Group, we're working to sustain that
      99 words
    • 2 2 o 1
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 1382 4 VC27 rfrvTTnrr To"free: 180°-289-8822 w i^l II r^ Email:notices@sP|lcoms9 _L^l V^>/ J_ I V i www.cats.com.sg In the matter of s^-?\ PNE MICRON HOLDINGS LTD J D U J (Incorporated in the Republic of Singapore) In the Matter of A J (Company Registration Number: *****5909 M) BENEVISION PTE LTD N>—
      1,382 words

  • COMPANY NEWS
    • 537 5  -  YEN SREENIVASAN Enlarged entity would strive to distribute 40-70% of earnings: CEO By SINGAPORE Airport Terminal Services (SATS) has got the nod from its independent directors (IDs) and in-house union to buy main-board-listed Singapore Food Industries (SFI). In a circular to shareholders on
      537 words
    • 363 5  -  JAMIE LEE By DERIVATIVE and ex-change-traded funds (ETFs) on the Singapore Exchange (SGX) set new trading records last year, the bourse said yesterday. Total derivatives volume hit nearly 62 million contracts higher than its previous record in 2007 by almost 38 per cent. This was
      363 words
    • 684 5  -  RONNIE LIM IN A "perfect storm" like now, it's all hands on deck, and especially reassuring for companies to have experienced ones at the helm. Singapore Petroleum Company (SPC), in that respect, is fortunate to have an intact crew, including its soon-to-retire
      684 words
    • 558 6  -  UMA SHANKARI Separately, it aborts plans to redevelop Market Street Car Park By CAPITACOMMERCIAL Trust (CCT) has secured refinancing for $580 million of loans due in March 2009. DBS Bank, Standard Chartered Bank, United Overseas Bank and The Bank of Tokyo-Mitsubishi UFJ will provide a
      FILE PHOTO  -  558 words
    • 499 6  -  LYNETTE KHOO By A GROUP of shareholders, who collectively claim to have a stake of 11.05 per cent in China Yuchai International, have written an open letter to its board of directors to express unhappiness over the delay in releasing financial results.
      499 words
    • 455 6  -  LYNETTE KHOO By ZHONGGUO Jilong yesterday received the go-ahead from creditors on its proposed scheme of arrangement, crossing its first hurdle to resume trading on the Singapore Exchange after two years of judicial management. Judicial management of the company has
      455 words
    • 279 6  -  WINSTON CHAI By FORMER Singapore Computer Systems (SCS) president and CEO Tan Tong Hai has rejoined Star Hub after parting ways with the company for more than eight years. From Jan 15, Mr Tan will be Star Hub's new chief operating officer (COO), a
      279 words
    • 400 7  -  EMILYN YAP It cites falling interest rates and possible favourable Budget measures By I INVESTORS can re-visit property stocks as falling interest rates and possible Budget measures improve the operating environment for real estate companies this year, said Kirn Eng Research in a report
      FILE PHOTO  -  400 words
    • 329 7  -  NISHA RAMCHANDANI By TO help lure tourists back to Thailand, resort operator Banyan Tree Holdings is giving away 1,000 complimentary room nights at Banyan Tree Bangkok and Banyan Tree Phuket. Under the promotion, which is part of a collaborative effort with the Tourism
      329 words
    • COMPANY BRIEFS
      • 68 7 RICKMERS Maritime has accepted delivery of the vessel MOL Destiny. Constructed by China's Dalian Shipbuilding Industry Co Ltd, the new containership expands the trust's current operating fleet to 14 vessels, with another five newbuildings expected to be delivered in the current year, it
        68 words
      • 52 7 TELEDATA (Singapore) announced that the company and Pacific Capital Investment Management have agreed mutually to the termination of their subscription agreement dated Dec 14, 2007. The agreement relates to the issue of unsecured non-interest bearing convertible notes due in 2012 and worth up to
        52 words
      • 65 7 PHARMESIS International yesterday said that its executive chairman Jiang Yun has resigned to "pursue personal interests". He will remain in the company as an adviser. The company said that it has also split its chairman position from its chief executive officer post to "strengthen corporate governance".
        65 words
  • Page 5 Advertisements
    • 162 5 THE POWER TO CHANGE THE WORLD BEGINS AT 339 HP. INTRODUCING THE WORLD'S FIRST PERFORMANCE HYBRID SEDAN. THE ALL NEW GS HYBRID. I > t ll >i i > )utnu)uu LiLM .M»n imnnni »»»j.j> ***,*A*ui u4iuin\iuliit[tli[Rl\ nininßiHlHMllH»MiiitMiil«imiiiHMiMlii»miiMili*m***M4 31 II iJH| -«»«*SS?iJJJJJvVttWWft\\\ >-'^ ,4fe' 31 \Rr lfl w mm VI H^^MH^
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  • Page 6 Advertisements
    • 1588 6 NOTICES r OOL> JUNCTION ifliilll^H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Food Junction Holdings Limited ("the Company") will be held at Mandarin Court, 35th Floor, Orchard Wing, Merltus Mandarin Singapore, 333 Orchard Road, Singapore *****7 on 22 January 2009, Thursday at
      1,588 words

  • Page 7 Advertisements
    • 294 7 B PHOENIX E^*x*7j 3*^b lPj idd Make an affordable call r^/^yj N^ Australia N>S. >| China V^Tft A/ Germany I Hong Kong IT I gr^TNX AY B Japan 1 \yVNy Ik. New Zealand n. I rL^^?^ m laiwan I 1 I B UK USA \f u*SS£j2& )n i\ Call 6838
      294 words

  • SINGAPORE MARKETS
    • 611 8  -  R SIVANITHY STOCKS ST Index enjoys bear market rally in past week on expectations of US economic stimulus package DAILY movements in the stock market here and elsewhere are always dictated by expectations of what Wall Street might do in the session ahead.
      ?. Bloomberg  -  611 words
    • 96 8 Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 6 0 0 0 7 4 6 Manufacturing 55 54 48 13 60 58 61 Commerce 18 20 20 23 23 23 'pt/Stor/Comms 17 12 19 13 Finance 13 14 10 13 14 11
      96 words
    • 113 8 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 32.006 32.006 101.356 101.356 Manufacturing 449.340 7.691 457.031 263.420 210 263.630 Commerce 106.311 25.136 131.447 107.819 4.656 112.475 Tpt/Stor/Comms 170.382 138 170.520 213.142 213.150 Finance 63.817 30 63.847 342.807 342.808 Construction 54.769 28.046 82.815 4.018 290 4.308 Properties 175.985
      113 words
    • 101 8 lapitaLand 3.400 -0.190 lapitaMall 1.710 jtyDev 7.150 -0.100 losco Corp 1.000 +0.010 IBS Grp 9.560 +0.140 :&N 3.370 +0.080 Sent Intl 0.475 -0.015 iolden Agri 0.295 IK Land 2.570 -0.060 IMH 20.140 +0.660 ISH 10.820 +0.400 lardineC&C 10.560 -0.140 Ceppel Corp 5.250 +0.220 Ceppel Land 1.890
      101 words
    • Article, Illustration
      787 8  -  lAMIE LEE Midas Holdings Jan 6 close: $0,535 OCBC Investment Research, Jan 6 DEBUNKING reports: On Jan 2, the Financial Times published two articles of interviews with the CEO of Alstom in relation to the Chinese authorities being unfairly protective of their domestic market while "repackaging" technologies that
      Bloomberg  -  787 words
    • 434 8 Reuters CURRENCIES [TOKYO] The dollar advanced to a three-week high against the euro yesterday, supported by growing expectations that the interest rate gap between the US and the eurozone will narrow further. Although the European Central Bank (ECB) has slashed interest
      Reuters; BLOOMBERG  -  434 words
    • 4 8 DAILY
      4 words
    • 56 8 CLOSE IT OB/OS 446.00-103.0C IT CADI -*****.00 -24.0' IT 10-day MA -*****.00 +44.01 TSE ST Mid Cap 384.40 -1.3 TSE ST Small Cap 317.71 -o.o: TSE ST All Share 457.92 -2.3. TSE ST China Top 207.56 +5.1 TSE ST China 205.83 +4.3 IOB Catalist 77.39 -0.5 IMSCI
      56 words
    • 59 8 VOLUME Golden Agri 121,650,000 China Honqxinq 66,859,000 Cosco Corp 62,077,000 Noble Grp 54,168,000 CDL HTrust 45,391,000 Ezra 43,810,000 Straits Asia 38,252,000 Yanqzijianq 37,521,000 Synear 34,035,000 Yanlord 31,917,000 VALUE(S) DBS Grp 162,155,060 Capita Land 111,210,568 Keppel Corp 74,895,500 Noble Grp 65,619,110 Cosco Corp 60,990,045 DBS R 58,305,920 Sing
      59 words
    • 94 8 CLOSE UP 2014 97.4 3.4 IMH ISH 1082 59.1 3.: Cor| 525 22.0 4.. ;txpo ioo 1032 20.0 2.' IQB 5.05%NCPS 100 9420 20.0 0., iBS Gr| 956 14.0 1. India Ni 10 947 14.0 1. rAVJennini 50 12.5 31.' At NCCPS 112 12.0 12.' IOBBNPeCW*****6 42.5 11.5 37.1
      94 words
    • 116 8 CLOSE DOWN LP 10US$ 8288-313.0 -2.5 I A 1162 -56.0 -4.6 Kei RBePW*****6 129 -53.0 -29.1 ilA 200 1176 -34.0 -2.8 Creative Tech 396 -24.0 -5.7 UOB 1360 -20.0 -1.4 i Land 340 -19.0 -5.3 ICBCCai 5.1%NCPS 100 9020 -18.0 -0.2 lardine C&C 1056 -14.0 -1.3 filmar 325 -12.0
      116 words
    • 87 8 Jan 6 CLOSE CHNG FR Jan 5 YR 2008/2009 S$ LOW S$ HIGH USS 1.4779 -0.49 1.5346 1.3457 Euro 1.9851 1.48 2.2064 1.8640 Pounds 2.1734 -1.81 2.8431 2.0663 AS 1.0487 -0.13 1.3251 0.9068 Yen* 1.5774 0.37 1.6899 1.2619 Rupiah* 0.***** -0.27 0.***** 0.***** Baht* 4.2141 -0.04
      87 words

  • SINGAPORE NEWS
    • 576 9  -  CHUANG PECK MING Increasing flow reinforces two-way trade, which hit USs2.6b in 2007 Reports by SINGAPORE has the second biggest Asian direct investments in Brazil with an estimated US$2OO-plus million there, according to Tatiana Rosito, the economic and trade counsellor at the Brazilian embassy in
      576 words
    • 332 9  -  VICTOR KATHEYAS Johnson Tan and lain Taylor take on new appointments at respective banks By FOREIGN banks BNP Paribas and HSBC announced senior executive appointments yesterday. BNP Paribas named Johnson Tan chief executive officer of BNP Paribas Capital (Singapore) and regional head
      332 words
    • 523 9 AS part of its global search for investment opportunities, Temasek Holdings is looking to its new Brazil office to create openings in a part of the emerging world that is still largely unexplored by investors. The hope is that the office in
      523 words
    • 425 10  -  VINCENT WEE VOLVO OCEAN RACE Swedish telecom giant knows value when it sees it By WHEN it comes to maximising exposure and branding opportunities from taking part in the Volvo Ocean Race, Swedish telecom giant Ericsson and its Ericsson Racing Team certainly know how to
      AFP  -  425 words
    • 301 10  -  VICTOR KATHEYAS Wider variety now in terms of duration, occupations, industry sectors By THE Ministry of Manpower (MOM) and Singapore Workforce Development Agency (WDA) have announced a five-fold increase in the number of courses offered under the Skills Programme for Upgrading and Resilience (Spur)
      301 words
    • 285 10 TWO devices developed by Ngee Ann Polytechnic (NP) students to help treat lower back pain and difficulty in swallowing were demonstrated at Singapore General Hospital (SGH) yesterday. The devices, developed as a result of an MOU signed in 2005 between NP and SGH, are
      285 words
    • 310 10  -  ARTHUR SIM Most are for topping up existing loans; approval rate also higher By SINCE enhancements to Spring Singapore's financial schemes kicked in on Dec 1, 2008, applications for them have increased by three times, says DBS Bank. DBS is one of Spring's
      310 words
    • 193 10  -  KEITH CHEE By SIX consortiums of electronics and precision engineering (EPE) companies formed under International Enterprise (IE) Singapore's International Partners (iPartners) Programme have received $60 million of requests for quotations. At a signing ceremony yesterday, four of the iPartners consortiums signed MOUs. The
      193 words
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  • Page 10 Advertisements
    • 13 10 f-1 lt^ TODAY'S BEST music i. r ONLY ON roam besi mm 1^
      13 words
    • 96 10 Ljifl The famous "A Room Within A Room" concept originally designed by Eero Aarnio in 1996 Chic retro design A with white exterior A red interior cushioned A wall that is upholstered in fabric 1 Durable stylish II fiberglass shell Swivels 360 degrees Removable interior cushions for easy cleaning Shuts
      96 words

  • HEALTH AT WORK
    • 1203 11 MINT KANG looks at what's behind the healthy workplace movement AMID the financial crisis hurting the economy, you would think spending on health would rank low on any company's list of priorities. But figures for the recent Singapore HEALTH Awards
      1,203 words
    • 939 11 Sheraton Towers' workplace health programme has been in place since 1995 IN the office of Philip Wong, director of food and beverage at Sheraton Towers, is a large, fuzzy stuffed toy a cheerful yellow star known as Sparkie. It's the mascot of Sheraton's
      939 words

  • ECONOMY WATCH
    • 861 12 Washington's problem how to spend money fast -AP ANALYSIS One hurdle is that chunks of money in stimulus plan won't be spent for years [WASHINGTON] Washington bureaucrats have a reputation for being able to spend US taxpayer money real fast. But, believe it or not, spending it fast enough is
      -AP; AP  -  861 words
    • 531 12 Reuters [SAN FRANCISCO] Karl Case, co-creator of the closely watched Case-Shill-er housing price index, said that it is hard to predict when housing prices would finally hit bottom but said that there are a few signs of life. "People who say, 'Oh, the
      Reuters  -  531 words
    • 353 12 -AP December's fall steepest in 56 years, driven by global credit crunch, economic downturn [LONDON] British house prices fell by their biggest annual amount in at least 56 years during 2008 as credit seized up and incentives to enter the market evaporated amid sliding home
      -AP  -  353 words
  • Page 12 Advertisements
    • 1349 12 w A MATS MARCO POLO MARINE LTD (Incorporated in Singapore) Registration number: *****0073Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of the Company will be held at Function Room 1 Level 4, YMCA International House, One Orchard Road Singapore *****4 on Thursday,
      1,349 words

  • MALAYSIA/INDONESIA
    • 586 13 Reuters Minister says it could add 1-1.5 percentage points to 2009 growth [SINGAPORE] Indonesia's US$6.5 billion fiscal stimulus package will boost economic growth by as much as 1.5 percentage points this year, as the government tries to shield the economy from the global
      Reuters  -  586 words
    • 182 13 Reuters [KUALA LUMPUR] Shares of Malaysian construction firm WCT Bhd dived 30 per cent yesterday after the cancellation of a US$l.3 billion contract to build a racecourse in Dubai. But the Malaysian company said that the step was a "breach", and that it was considering all options.
      Reuters  -  182 words
    • 273 13 AP [KUALA LUMPUR] The good girl gone bad has promised to be good for one night. R&B sensation Rihanna will shun skimpy outfits when she performs in Malaysia next month, the concert's organisers said yesterday, becoming the latest international star affected by
      AP  -  273 words
    • 632 13  -  S JAYASANKARAN It's pulling out all the stops with top guns campaigning in state By in Kuala Lumpur ALTHOUGH the Jan 17 battle for Malaysia's Kuala Terengganu parliamentary seat is a three-cornered fight, it will boil down to a straight contest between the United
      REUTERS  -  632 words
  • Page 13 Advertisements
    • 272 13 A LEGENDARY START TO 2009 I^^£ J/s4oo Come onboard LEGEND OF THE SEAS enjoy f^J^^^W Line Dancing Ballroom Dancing Yoga/Pilates Classes I outer?^ roadsnow Taichi Classes Karaoke 70's Disco Party Pool Party f from now t s Centre I Jewellery Making Classes Baking Demonstrations and more J 10am to 7T
      272 words

  • GREATER CHINA/INDIA
    • 430 14 Reuters Biggest threats are migrant workers, graduates facing shrinking job market [BEIJING] China risks a wave of protests and riots in 2009 as rising unemployment stokes discontent among migrant workers and university graduates, a state-run magazine has said in one of
      – Reuters; AP  -  430 words
    • 389 14 Bloomberg [NEW DELHI] Indian exporters expect shipments to decline in the next few months as the global recession prompts overseas buyers to cancel orders. India will miss its target of US$2OO billion in exports in the 2009 fiscal year amid weaker
      Bloomberg  -  389 words
    • 454 14  -  NEETA LAL By in New Delhi INDIA'S flagship carrier Air India (AI) has taken the Aviation Ministry's directive to "cut flab" quite literally. The organisation has handed out pink slips to 10 of its air hostesses for being "overweight". The action comes in
      FILE PHOTO  -  454 words
    • 368 14 Reuters Reserves fell in October to less than USsl.B9t: source [BEIJING] The recent fall in China's foreign exchange reserves reflected a drop in the value of some of the assets in which they are held, especially those denominated in euros, an adviser
      Reuters  -  368 words
    • 357 14 Reuters [SHANGHAI/BEIJING] China's economy will probably grow by about 8 per cent this year, the central bank's research bureau forecast yesterday, the latest in a string of relatively optimistic estimates. Some analysts have predicted a much sharper slowdown for the world's fourth-largest economy,
      Reuters  -  357 words
    • 599 14 Reuters [BEIJING] China's government is using the collapse in commodity prices to further its domestic agenda, with support for stricken sectors tailored to speed up reform plans rather than rescue ailing companies or prop up prices. To survive plummeting demand for
      – Reuters  -  599 words
  • Page 14 Advertisements
    • 342 14 W^a^f BSAisa g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF YLA HOLDINGS PTE. LTD. (In Members' Voluntary Winding-Up] Company Registration No. *****3884R RESOLUTIONS PASSED ON STH DAY OF JANUARY 2009 At an Extraordinary General Meeting of the Company held at 11 Ardmore Park
      342 words

  • Page 15 Advertisements
    • 4517 15 JL^I JL JL^^J JLj l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg J ADE 111 HISAKA HISAKA HOLDINGS LTD. JADE TECHNOLOGIES HOLDINGS LTD. Co Registration No: *****3839Z B!mT>TTT^!T?TyTtT!TW^T??TTT!TWuT?^7T?FB Mntioo nf Annual Cionoral Mootinn NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 63
      4,517 words

  • WORLD
    • 429 16 NYT Credit crunch, nervous stock market investors take their toll [SAN FRANCISCO] Entrepreneurs and venture capitalists had difficulty cashing out of start-ups last year, underscoring just how much the financial crisis has pummelled the US technology sector. Only six venture-backed start-ups
      NYT  -  429 words
    • 462 16 9 Broadway shows gone off for good -NYT [NEW YORK] For the casts and crews of Broadway, no night of the week brings quite the relief of a Sunday, when most productions go dark, and the companies of artists look forward to Monday off. Yet the prospect of darkness and
      -NYT  -  462 words
    • 420 16 Reuters [DUBLIN] Ireland's Waterford Wedgwood, whose luxury tableware was once a mainstay of wedding gift lists worldwide, has called in receivers and placed two of Britain's most venerable china makers in administration. The heavily indebted maker of Waterford crystal, one of Ireland's most famous brands,
      Reuters; AP  -  420 words
    • 396 16 Reuters, Bloomberg GEOPOLITICS [LONDON] Oil prices rose to a three-week high above US$5O a barrel yesterday, as Israel's deepening incursion into Gaza and a dispute between Russia and Ukraine over natural gas raised concerns about supply disruptions. "Oil prices continue to be supported
      Reuters, Bloomberg  -  396 words
    • 563 16 Bloomberg, AFP [BRUSSELS] The European Union yesterday called the reduction of Russian natu-ral-gas supplies to some EU countries "completely unacceptable". "The Czech EU presidency and the European Commission demand that gas supplies be restored immediately to the EU and that the two parties
      Bloomberg, AFP; AFP  -  563 words
    • 500 16 AFP, AP Middle East Quartet envoy Tony Blair warns that Israel is otherwise in for long campaign [LONDON] Cutting off Gaza's smuggling tunnels from Egypt could secure an immediate ceasefire, Middle East Quartet envoy Tony Blair said yesterday, while warning that Israel was
      AFP, AP  -  500 words
    • 639 17 Obama's in-tray is piling up fast Reuters Problems have been snowballing as he prepares to take power in two weeks [WASHINGTON] Nobody said this was going to be easy. From his suite at the historic Hay-Adams Hotel, US President-elect Barack Obama is watching problems pile up as he prepares to
      Reuters  -  639 words
    • 360 17 NYT President-elect held meetings with lawmakers in first full day in Washington [WASHINGTON] Two weeks before assuming power, US President-elect Barack Obama took his economic recovery package to Capitol Hill on Monday and worked to build a bipartisan coalition to endorse his
      NYT  -  360 words

  • Page 17 Advertisements
    • 271 17 Iff w A MAGICAL MERITUS CHRISTMAS Whether you choose to soak up the festive atmosphere at Marina Bay or Orchard Road, celebrate this Christmas in style and splendour as you take your pick from our selection of Yuletide goodies and promotions! M Bfl Indulge in Marina Mandarin's innovative creations such
      271 words

  • TransportHUB
    • 1111 18 Industry players see crunch time in the Ist quarter as more ships will be laid up, reports VINCENT WEE THE year ahead for shipping is bleak but most industry players have seen it all before and are prepared to deal with the
      BLOOMBERG  -  1,111 words
    • 377 18 Bloomberg Sentiment still affected by a lack of activity, brokers say [LONDON] The cost of delivering Middle East crude to Asia, the world's busiest route for supertankers, may extend its steepest annual drop in at least a decade, with few signs of accelerating demand.
      Bloomberg  -  377 words
    • 276 18 Bloomberg [CAIRO] The Suez Canal, the waterway that carried a tenth of global seaborne trade in 2007, will keep transit fees unchanged this year and expects 7 per cent fewer ships as world economic growth stalls. The canal generated US$5.4 billion
      Bloomberg  -  276 words
    • 384 18 Bloomberg Weaker demand for steel and iron ore is to blame [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell for a seventh consecutive session on weaker demand for steel and iron ore. The steel industry accounts for
      – Bloomberg  -  384 words
    • 317 18 Bloomberg Weak demand from refiners lead to lower Aframax rates [NEW YORK] The cost to transport crude oil from the Caribbean on Aframax tankers may fall after little change last week, amid weak demand from refiners, a broker said. Aframaxes on Monday
      Bloomberg  -  317 words
    • TRANSPORT HUB: SHIPPING
      • 579 19  -  DAVID HUGHES STRAIT TALK However, making the case for shipping waste paper around the world for processing may take some effort By THE connection between shipping and recycling waste paper may not be immediately apparent, but there certainly is one. Until recently, paper recycling was a
        579 words
      • 315 19 Bloomberg Ship will be put on spot market upon delivery in March [NEW YORK] Nordic American Tanker Shipping Ltd, a transporter of oil, said that it bought a Suezmax-class double-hull tanker for U5556.7 million to expand its fleet. The 1999-built ship
        Bloomberg  -  315 words
      • 187 19 Bernama [KUALA LUMPUR] Northport and Westports have decided to defer the reduction of free storage days for import and export containers by another six months to July 1, even though the Port Klang Authority had earlier set Jan 1
        Bernama  -  187 words
      • 805 19  -  HARALD By SERCK-HANSSEN ALTHOUGH events have escalated since the collapse of Lehman Brothers in September last year, financial markets have been turbulent since the sub-prime crisis started to rear its head in the first half of 2007. As far back as the third quarter of
        BLOOMBERG  -  805 words
      • 211 19 Reuters [HOUSTON] Fog delayed ships on Monday afternoon along the central US Gulf Coast, including the big port of Houston, officials said. Houston, Galveston, Texas City and Beaumont and Port Arthur in Texas and Lake Charles, Louisiana were affected. The US Coast
        Reuters  -  211 words
    • TRANSPORT HUB: AVIATION
      • 583 20 Airlines say new requirements will saddle them with substantial costs [DALLAS] Several of the largest US airlines have joined in a lawsuit to block stronger federal rules on crew rest during the longest international flights. The airlines said that the Federal
        583 words
      • 687 20 Bloomberg CEO says airline likely to cut capacity this year and avoid dropping routes [LONDON] Virgin Atlantic Airways Ltd, the long-haul carrier controlled by billionaire Richard Branson, is slashing prices, offering Lon-don-New York round trips for as little as £259 (Sss6o), and may
        Bloomberg; FILE PHOTO  -  687 words
      • 2666 20 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 (BAM RG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
        2,666 words
      • 535 20 NYT [NEW YORK] One of the biggest conveniences of private aviation is the speed with which passengers can get on the plane and off the ground. But that may be about to change. The US Department of Homeland Security is proposing
        NYT  -  535 words
    • TRANSPORT HUB: LAND
      • 730 21  -  SAMUEL EE Merc and BMW take first second spot in luxury segment By [SINGAPORE] Passenger car sales in 2008 revealed a continuation of the close fight between two pairs of rivals as the overall market shrank significantly. But the pair of
        730 words
      • 544 21  -  PAULINE NG Sales of half a million cars this year expected despite economic downturn By in Kuala Lumpur DESPITE tougher economic conditions, Malaysia's automotive sector can expect a reasonable year with sales of more than half a million cars, says an
        REUTERS  -  544 words
      • 516 21 Bloomberg [NEW YORK] BMW is signing up green-minded drivers to test an all-electric Mini Cooper with two seats, just enough storage space for a gym bag, and a range of only 120 miles before recharging, all for triple the cost
        Bloomberg  -  516 words
      • 239 21 AFP [FRANKFURT] The German luxury sportscar maker Porsche has taken over Volkswagen, the biggest European car maker, by purchasing more than 50 per cent of its shares, Porsche said late on Monday. Porsche said in a brief statement that by buying new VW shares, it "will
        AFP  -  239 words
      • 425 21  -  SAMUEL EE Singapore's top models* MODEL UNITS Honda Civic 5,607** Toyota Coral la Altis 5,268 Toyota Vios 3,936 Nissan Latio 3,067 Mitsubishi Lancer EX 2,980 M itsubish i Lancer GLX 2,660 Toyota Camry 2,626 Hyundai Avante 2,348 *among MTA members **including
        425 words

  • Page 19 Advertisements
    • 31 19 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists W V* °'5 V Raffles Conversations \\\\\\>X\ \\XX*' A col lection from The Business Times '<, \%V Availableatallleadingbookstores \*t\ V \^-i \4*
      31 words

  • Page 20 Miscellaneous
    • 348 20 CRYPTIC CROSSWORD ACROSS I Set down string in grass (8) 5 Naughty kids being theatrical in middle of lesson (6) II The woman interrupting the j Queen somewhere in Surrey TT"^^ 12 Idiot outside the under- 114 I world who exposes all? (6) 13 No payment required for I I
      348 words

  • Page 21 Advertisements
    • 88 21 Dimensions: (W) 685 mm x (H) 1,755 mm x p 699 mm Gross capcity: 498 L Features include LED Sunlight (Vitamin Factory), Neuro Fuzzy Technology, UV Automatic Ice Maker, Large Frost-Free Freezer, Center-Split Double Doors Platinum brown colour FREE delivery L_4_ MITSUBISHI W*. ELECTRIC Changes for the Better HOW TO
      88 words

  • EDITORIAL & OPINION
    • 500 22 IN this recession, as in downturns past, the plight of displaced workers is foremost on the minds of policymakers, with the government having come out strongly and swiftly to declare that saving Singaporeans from job losses is top priority. Well and good. It's
      500 words
    • 1276 22  -  JAMES CLEMENCE JAMES COLEMAN Measures should encourage worker contribution, maximise employment opportunities By and THE perennial dilemma is with us again what would you like to see included in the Finance Minister's Budget speech this year? This is not quite as simple a question
      ASHLEIGH SIM  -  1,276 words
    • 764 22  -  LEON HADAR THE BOTTOM LINE ECONOMISTS have drawn attention to the lag between the time when an actual economic event, such as a sudden boom or bust, occurs and the time when it is recognised by economists, central bankers and the government. The
      764 words
    • 1539 23  -  ANTHONY ROWLEY Manufacturing output has been contracting at a record pace, local and foreign-owned factories are shutting down By in Shanghai VARIOUS reports have begun to appear lately, suggesting that China's economy is in significantly deeper trouble than is generally believed. Chinese manufacturing output has recently
      AP  -  1,539 words
    • 899 23  -  ANTHONY ROWLEY By in Shanghai SHANGHAI is a fascinating city. It fascinated me on my first visit 25 years ago when only the "old Shanghai" existed. And it fascinated me no less when I returned recently to find a city that has
      899 words


  • SINGAPORE STOCKS
    • 8943 24 Transaction date: Jan 6 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote )h Low Buyer Seller Div Gr Yld C'vr Net P/E M Cap Hi! Com| >an] 11.5 3 3148 8Telecom 17 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12
      8,943 words
    • 1904 25 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 offer
      1,904 words
    • 69 25 iWk Tel Low Code Last Sale /ol '000) Low Lasl (uote Seller Div C'vr Net P/E riCap $mil _Hm Com _Hm Bu' ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 385 158 6009 STI ETF
      69 words
    • 76 25 52-Wk Tel Hiqh Low Code Last Sale Vol C000] Day Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E Smil Comi Hii 103.2 36.5 6000 AVJennings 13 4 6134 Over&Gen 30 6 6017 StarCruises 275 104 6019 TanChonglnt A50 A8 US8.5 HK111 +12 -1 +1 44
      76 words
    • 8822 25 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.468/ AIGIF Spore Bond Fund/A 1.229/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.63/ APS Alpha Fund (USD)!** 0.43/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5965/ APS Komaba Global
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  • Page 24 Advertisements
    • 17 24 ROYAL OAK OFFSHORE COLLECTION 'S»J*l£^' "^'"^WillT^^^."''- ff WOjjpl.!!jP^ For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com j^^^^^^^^kaß S-—
      17 words


  • FINANCE & COMMODITIES
    • 372 26 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 5 World Index Preliminan 700.2 0.7 -38.1 1.5 -39.1 0.1 -40.. f EAFE Preliminai 672.1 1.5 -40.0 1.4 -42.5 0.0 -43.8 Euri Preliminan 950.9
      372 words
    • 132 26 As at 9am Jan 6 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0410 1.0750 Can dollar 1.2320 1.2470 Euro 1.9980 2.0220 NZ dollar 0.8600 0.8790 iterlini ind 2.1550 2.1800 US dollar 1.4640 1.4810 Local dollars to 100 units of foreign
      132 words
    • 172 26 Jan 6 *L Offer Bii Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 1/16 3/4 7/8 1 Offer ?/2 5/8 3/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.40 0.80 1.40 1.60 2.10 2.40 2.50 Offer 0.10 0 40
      172 words
    • 23 26 Jan 6 >en STI SIMSCI Jan 234.6 235.7 231.8 Taiwan Jan 179.5 180.6 180.3 Source: MF Global (S) He. Ltd
      23 words
    • 23 26 Jan 6 I JJ> Bid Offer 1-month 1.4763 1.4778 2-months 1.4762 1.4777 3-months 1.4759 1.4774 6-months 1.4747 1.4766 Source: OCBC
      23 words
    • 62 26 Jan 6\\ Delivery Month Opening Range Sett Av Price Price Hi Low Vol Open Done Position Jan 09 1876 Feb 09 1881 Mar 09 1880 Apr 09 1876 Total o/p: ***** contracts 2000 2000 1855 607 2460 1993 1993 1853 1093 ***** 1980 1981 1840 ***** ***** 1976
      62 words
    • 289 26 Jan 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.8100 98.8650 98.8350 98.7050 ***** 4941 3814 1796 EUROYEN TIBOR FUTURES MarO9 99.435 99.435 JunO9 99.520 99.520 SepO9 99.530 99.530 DecO9 99.500 99.505 Mar10 Jun10 Sep10 Dec10 99.415 99.500 99.530 99.480 99.420 99.495
      289 words
    • 184 26 Jan 6 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Feb 09 151.0 Mar 09 Apr 09 158.3 May 09 JunO9 Jul 09 150.0 158.2 151.0 154.2 158.3 158.8 159.3 159.3 60 168 10 691 630 1029 905 895
      184 words
    • 90 26 Jan 6 IKbAbUKY bILLb Period Issue code Maturity Yesterday's Bid Hi. Day's [h Low 3-Month BQ*****A 09.04.09 1-Year BY*****V 02.11.09 0.58 0.75 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hig Day's igh Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000
      90 words
    • 102 26 Jan 5 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 983.75 970.00 986.50 960.00 Mar 09 987.00 977.00 991.25 965.25 May 09 998.25 988.50 1002.00 977.00 Jul 09 1009.25 1000.00 1013.00 988.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 09 34.90 33.58 34.83
      102 words
    • 77 26 CRUDE OIL PRODUCTS Jan 5 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 47.26 5.61 WTI (Near Mth) 48.47 2.28 Dubai (1-Mth F) 47.42 5.13 Tapis blend 46.40 3.40 Minas 41.90 3.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 38.60 60.95 5.26 3.15 US$/barrel Opec Oil
      77 words
    • 464 26 Jan 6 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.846 4.833 0.526 5.480 34.380 77.955 0.662 9.278 2.483 1.213 55.869 33.189 1.044 6.624 0.790 23.348 24.779 0.484 0.707 Canada 1.182 5.711 0.621 6.475
      464 words
    • 74 26 Jan 6 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 2.***** Source: Thomson Reuters 1 mth 0.***** 0.***** 2 mths 1.***** 0.***** 3 mths 1.***** 0.***** 6
      74 words
    • 158 26 Jan 6 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0429 1.0445 0.7065 0.7070 Canadian dollar 1.2324 1.2339 0.8349 0.8352 Euro 1.9850 1.9871 1.3447 1.3450 NZ dollar 0.8602 0.8612 0.5827 0.5829 Sterling md 2.1551 2.1576 1.4599 1.4604
      158 words
    • 139 26 Jan 6 GOLD (USS/oz) Jan OS Jan 06 Hong Kong London 863.20 839.10 864.20 840.10 Jan 02 Jan OS 876.35 849.05 878.35 851.05 Source: Thomson Reuters CAST BAR (S$) Jan 06 Buying Sellim Kilobar *****.91 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm
      139 words
    • 70 26 Jan 5 Co i iiuiii, yy.i (US$/tonne) Close Previous Cash 1516.00 3 months 1550.00 1538.50 1570.00 Copper, Grade A (US$/tonne) Cash 3 months 3150.00 3190.00 3199.50 3231.00 Lead (US$/tonne) Cash 1135.00 3 months 1120.00 1105.00 1090.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • 66 26 Jan 5 COCOA (Btonne) Close Prev Hii ih/Low Mar 09 1802 1792 1814/1775 May 09 1786 1779 1794/1762 Jul 09 1779 1780 1784/1765 SepO9 1753 1757 1760/1750 COFFEE (US$/tonne) Close Pev High/Low Jan 09 1821 1837 1850/1800 SUGAR (US tonne) White Close Prev High/Low Mar 09 327.8 329.2 331.1/324.7
      66 words
    • 2341 26 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 1 17 156 1.50 1 87 1067 15.00 43 19 )092 Asia Environment W*****4 2 1481 Asia Water Tech Ltd W*****0.. 18.5
      2,341 words

  • Page 27 Advertisements
    • 2760 27 Shipping times m VV V!^ B^wr^flnjjTffiyffTOrffiljffffiß m\\ wan hai international pte ltd uen: *****4695 M B*^^ \v* I*LE ■mj&mwJßimmm^^ IVrr^V ■■>■ huf«< te*****1 sss 0 4 lines) fax:6224H63 m B»^^^lir9^^^^B WSamm tjUftSmMS. I\\M I WAN HAI INpN Cusroiner Servke/Bookings Direct Une (1800) *****200 1 A j- I KHKffiBH WBBiSKHM I
      2,760 words

  • Page 28 Advertisements
    • 3066 28 1^ RICKMERS-LINIE 11f~g-\ EASTERN CAR LINER, LTD I[m SOifS^j uSe!" 0"'6'""7"16"7506 COnVen"ong' SerViC6S WebS"e: WWW-Htk~^ Vf—= I SPEQAIIZE IN RORO i HEAVY UFT UPTO 450 ts^| EXPRESS SAILING SCHEDULE Vessel I Voy SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB I NEN I
      3,066 words

  • Page 29 Advertisements
    • 5919 29 H IH H 19 H I |gg ANDERSEN "^ISXVIZIL Twm. GLORY NAVIGATION CRflllpl mSfflKKkwU tSm Hsfl l!fl I i*\ shipping company/! 70ShentonWgy, #21-03 Marina House Singapore *****8 IMIHUIII HOT Ul-UUr I K^MHPPBHIPBKWiP'IIHMM HI I NORTH WEST EXPRESS LINE T»V&4K.-mv*iS«-^»fl MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES
      5,919 words

  • EXECUTIVE MONEY
    • 949 30 NYT The S&P 500 rose 3.16% on first day of trading, raising hopes that a Wall Street proverb will be proven right [NEW YORK] Among Wall Street's many proverbs, traders say one stands above the others: "As goes January, so goes the year." Though
      NYT; AP  -  949 words
    • 680 31  -  GENEVIEVE CUA Valuations becoming more attractive, sentiment positive: DBS report By ASIAN equity could be in for a substantial 43 per cent bounce over the next 12 months, thanks to attractive valuations, says DBS regional equity strategist Joanne Goh in a report. Separately,
      XINHUA  -  680 words
    • 988 32  -  LIM SAY BOON But global financial system remains fragile and risk aversion could spike again on another round of bad news 2009 is likely to be another difficult year for economies and asset markets around the world. The synchronised recessions in the United States,
      Datastream  -  988 words
  • Page 30 Advertisements
    • 223 30 mvp3Pv4k EXECUTIVE IJ»K 09 "The event really tookf Tl^Mgk my confidence to a whole newhjp WEr^lA level, now I feel I can achieve f f \y\ W^ anything I set my mind to." St-^^L.Bfc C> Neeraj Sujanani, Finalist, Readers' Choice Winner '08 V^ H J Organised By my paper, the
      223 words

  • Page 31 Advertisements
    • 545 31 Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg \Y SWING MEDIA TECHNOLOGY GROUP LIMITED > i (Incorporated in Bermuda on 26 March 2001) SMT'G (Company Registration Number: *****) RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF WARRANTS ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) EXISTING ORDINARY
      545 words
    • 446 31 g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 HEALTHMARK REGIONAL (VIETNAM) PTE. LTD. Co. Reg. No. *****6452R MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 31st day of December 2008, the following special resolution was duly passed: "That the Company be wound
      446 words
    • 2153 31 GmoO4 CEREBOS PACIFIC LIMITED (Company Registration No. *****4186H) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Twenty-Seventh Annual General Meeting of the Company will be held at Traders Hotel, Temasek Room, Level 2,1 A Cuscaden Road, Singapore *****6 on Friday, 23 January 2009 at 2 p.m.
      2,153 words

  • Page 32 Advertisements
    • 251 32 The all-new Honda Odyssey. Surround your family with style and excellence. The new generation Honda Odyssey is an accomplishment of style and excellence never before seen in a family car. Its sophisticated and dynamic looks are combined with an improved interior, unique theatre style seating and electronically operated 'magic' seats
      251 words
  • Page 32 Miscellaneous